HomeMy WebLinkAboutCity Council item No. 4CITY OF /c
LADE LSIIYOB
DREAM EXTREMEq
REPORT TO CITY COUNCIL
TO: HONORABLE MAYOR
AND MEMBERS OF THE CITY COUNCIL
FROM: ROBERT A. BRADY
CITY MANAGER
DATE: MARCH 24, 2009
SUBJECT: INVESTMENT REPORT — FEBRUARY 2009
Discussion
The Investment Report is a listing of all funds invested for the City as of the date shown
on the report.
Recommendation
Receive and file.
Prepared By: Nancy L. Lassey��
Accountant
Reviewed By: James R. Rile
Acting Director f dministrative Services
Approved By: Robert A. Brady
Executive Director
Agenda Item No. 4
Page 1 of 11
CITY OF LAKE ELSINORE
INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF FEBRUARY 28, 2009
ACTIVE ACCOUNTS
Bank of America - General
Bank of America - Payroll
Bank of America - Flex Benefit
Total Active Accounts
BANK DEPOSITS OUTSTANG. BOOK
BALANCE IN TRANSIT CHECKS BALANCE
$1,884,002.37
1,751,959.44 (2,140,281.69)
1,495,680.12
12,116.14
- (276.79)
11,839.35
11,428.02
(652.33)
10,775.69
1,907,546.53
1,751,959.44 (2,141,210.81)
1,518,295.16
INVESTMENTS
Local Agency Investment Fund
Bank of New York -Trust Sweep Account
Bank of New York - Medium Term Corporate Notes
Federal Farm Credit Bank
Federal Home Loan Mortgage Corp.
Federal Home Loan Bank
Federal National Mortgage Association
Sub -total Investments
19,291,210.09
3,077,250.00
2,007,800.00
2,000,000.00
2,000,000.00
28,376,260.09
19,291,210.09
3,077,250.00
2,007,800.00
2,000,000.00
2,000,000.00
28,376,260.09
Unrealized Gain/ (Loss) at 6 -30 -08 per GASB 31(LAIF)
Unrealized Gain/ (Loss) at 6 -30 -08 per GASB 31 (Other)
Unrealized Gain/ (Loss) at 6 -30 -08 per GASB 31 (Total)
Total Investments
Cashier Drawers #1 & #2
City of Lake Elsinore Petty Cash Fund
TOTAL POOLED CASH AND INVESTMENTS
I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as
approved by the City Council on June 24, 2008. A copy of this policy is available in the office of the City Clerk. The
pooled investments shown above provide sufficient rash flow liquidity to meet the next six months estimated expenditures.
James R. Riley March 24, 2009
Acting Director of Administrative Servces Date
Preps by: N. Ussey, Accounum
(1,974.00)
33,113.00
(1,974.00)
33,113.00
31,139.00 31,139.00
28,407,399.09 - - 28,407,399.09
30,314,945.62 1,751,959.44 (2,141,210.81) 29,925,694.25
300.00
1,000.00
$29,926,994.25
Agenda Item No. 4
Page 2 of 11
Total Pooled Cash & Investments 29,926,994.25 Agenda Item No. 4
Page 3 of 11
CITY OF LAKE ELSINORE
POOLED CASH AND INVESTMENTS BY FUND
AS OF FEBRUARY 28, 2009
FUNDNO FUND NAME
AMOUNT
100
General Fund
2,303,399.35
101
Supplemental Law Enforcement Fund
194,429.62
102
Local Law Enforcement Block Grant Fund
11,365.77
104
Traffic Offender Fund
76,504.12
106
Affordable Housing In Lieu Fund
1,024,843.73
107
Developer Agreement Revenue
3,091,732.78
110
State Gas Tax Fund
1,851,506.04
112
Transportation Fund
673,319.23
115
Traffic Safety Fund
664,346.66
116
City Hall - Public Works OF Fund
909,783.60
117
Community Center DIF Fund
120,486.07
118
Lake Side Facility DIF Fund
254,096.80
119
Animal Shelter OF Fund
397,014.92
120
Camino Del Norte OF
33,006.92
130
Lighting & Landscape Maintenance Fund
(739,272.23)
135
#1 Lighting & Landscape Maintenance Fund
257,559.49
140
Geothermal Fund
18,043.68
150
C.D.B.G. Fund
(109,849.58)
201
Street C.I.P. Fund
12,876.96
204
Signal C.I.P. Fund
120,563.53
205
Traffic Impact Fee Fund
3,353,017.11
211
Storm Drain C.I.P. Fund
5,530,771.42
221
Park C.I.P. Fund
1,118,891.60
231
Library C.I.P. Fund
1,293,375.84
232
City Fire Protection Fund
720,392.86
254
AD 89 -1 Railroad Canyon Rd. Improvement Fund
129,279.48
259
CFO 90 -3 Construction Fund
682.89
266
CFD 2004 -1 Manntiqu
549.23
267
CFD 2006 -1 Summerty
(1,570.00)
272
CFD 2005 -2 CIP Fund
856.13
351
AD 87 -2 Debt Service Fund
49,933.77
352
AD 86 -1 Debt Service Fund
(4,718.38)
353
AD 89 -1 Debt Service Fund
55,376.39
356
AD 90 -1 Debt Service Fund
14,651.01
357
CFD 2003 -2 Canyon Hills
(2,730.06)
358
CFD 91 -2 Debt Service Fund
87.45
360
AD 93 -1 Debt Service Fund
95,046.75
362
CFD 95 -1(96 Srs.E) Debt Service Fund
1,162.87
363
CFD 88 -3 / 1997 Series F Debt Service Fund
50,971.00
364
CFD 88 -3 III B / 1997 Series B Debt Service Fund
(396.85)
365
CFD 98 -1 Summerhill Improvement fund
62,416.56
366
CFD 2004 -1 Debt Service Fund
(6,198.34)
367
CFD 2005 -3 Summedy / Laing
(5,769.72)
368
CFD 2004 -2 Vista Lago
25,068.22
369
CFD 2004 -3 Rosetta Canyon
24,430.95
370
CFD 2005 -x Camino Del Norte
4,139.19
371
CFD 2005 -1 Serenity
(80,712.38)
372
CFD 2005 -3 Alberhill Ranch
1,093.24
373
CFD 2005 -5 Wasson Canyon
30,064.76
374
CFD 20054 Lakeview Villas
53,622.46
375
CFD2005 -1 D. Clurman
48,164.01
376
CFD 2005 -7 La Strada
(2,121.44)
377
CFD 2006 -X Tessam
43,601.56
378
CFD 2007 -X TR #31957
59,312.25
379
CFD 2007 -X Marina Village
410.82
380
CFD 2006 -9 Tuscany W
484.58
381
CFD 2006 -10 River LK
55,229.30
382
CFD 2006 -9 Trieste
73,627.29
383
CFD 2007 -X Canyon Hills
64,419.61
384
CFD 2003 -2 SRS 2006A
74,506.50
385
CFD 2004 -3 SRS 2006A
(105,911.81)
386
CFD 2007 -4 Mekenna
(25,206.09)
387
CFD 2007 -5 Red Kite
(17,089.12)
388
CFD 2007 -6 Holiday
(605.19)
389
CFD 88 -3 Series 2008
106,050.56
604
Endowment Trust Fund
16,862.88
605
Public Improvement Trust Fund
531,175.70
606
Mobile Source Air Polution Fund
261,688.43
608
Trust Deposit & Pre Paid Expense
1,329,526.22
610
Kangaroo Rat Trust Fund
5,000.00
611
Developer Agreement Trust Fund
1,619,290.00
616
Fire Station Trust Fund
16.45
620
Cost Recovery System Fund
1,232,509.51
630
lake Maintenance Fund
(2,385.00)
650
CFD 2003 -1 Law & Fire Service Fund
867,653.21
651
CFD 2006 -5 Park, OpnSpc
6,482.51
652
CFD 2007 -1 Law & Fire
4.758.60
Total Pooled Cash & Investments 29,926,994.25 Agenda Item No. 4
Page 3 of 11
CITY OF LAKE ELSINORE
INVESTMENT ACTIVITY SUMMARY
FOR THE MONTH ENDING FEBRUARY 28, 2009
Total outstanding investments as of January 31, 2009
PURCHASE MATURITY/ COUPON YIELDTO
DATE CALL DATE RATE MATURITY
Investment Purchases:
Total Purchases
Investment Maturities:
Total Maturities
Investments Called:
FHLMC 3128X7547 08/05/08
FFCB 31331GDW6 11104/08
Total Calls
Net increase(decrease)in LAIF
Net increase (decrease) in Sweep Account
Total outstanding investments as of February 28, 2009
08/05113 5.125%
11/04/13 5.200%
$ 30,299,010.09
COST
5.125% (1,000,000.00)
5.200% (2,000,000.00)
(3,000,000.00)
(2,000,000.00)
3,077,250.00
$ 28,376,260.09
Agenda Item No. 4
Page 4 of 11
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Agenda Item No. 4
Page 9 of 11
CITY OF LAKE ELSINORE
SUMMARY OF POLICY LIMITATIONS
AS OF FEBRUARY 28, 2009
Federal Agency Issues
FICB
CURRENT
UNLIMITED
FFCB
PERCENTAGE
UNLIMITED
FLB
BASED ON MARKET VALUE
MAXIMUM
DESCRIPTION
AS OF FEBRUARY 28, 2009
PERCENTAGE
U.S. Treasury Bills
0.00%
UNLIMITED
U.S. Treasury Notes
0.00%
UNLIMITED
Federal Agency Issues
FICB
0.00%
UNLIMITED
FFCB
0.00%
UNLIMITED
FLB
0.00%
UNLIMITED
FHLB
7.11%
UNLIMITED
FNMA
7.06%
UNLIMITED
FHLMC
0.00%
UNLIMITED
Banker's Acceptances
0.00%
40.00%
Certificates of Deposit
0.00%
25.00%
Negotiable Certificates of Deposits
0.00%
30.00%
Commercial Paper
0.00%
15.00%
Medium Term Corporate Notes
7.04%
30.00%
Repurchase Agreements
0.00%
UNLIMITED
Reverse Repurchase Agreements
0.00%
20.00%
LAW (Local Agency Investment Fund)
67.94%
UNLIMITED
Current Balance
$ 19,291,210.09
Bank of New York - Trust Sweep Account
10.84%
UNLIMITED
Current Balance
$ 3,077,250.00
TOTAL 100.00%
• of Portfolio Maturing within one year 82.36% no less than 25%
• of Portfolio Maturing or Callable within one year 96.46%
Note: Local agencies are only eligible to purchase medium term corporate notes that have a rating
of "A" or better by both Moody's Investors Service, Inc., and Standard and Poors Corporation (S & P).
If a security falls below "A" by both rating agencies, then the Director of Administrative Services
will evaluate the need to sell the security prior to maturity. The medium term corporate notes
purchased by the City have the following ratings:
Bank of New York Mellon Moody: "Aa2" S & P: "AA -e"
General Electric Cap Corp Moody: "Aaae" S & P: "AAA"
Agenda Item No. 4
Page 10 of 11
Agenda Item No. 4
Page 11 of 11
CITY OF
LAKE ELSINORE
PERCENT OF PORTFOLIO
INVESTED IN FEDERAL AGENCIES
JULY 2005 THROUGH JANUARY 2009 (INCEPTION
TO DATE)
TOTAL % OF
% OF PORTFOLIO BY AGENCY
PORTFOLIO IN
MONTH
FFCB
FHLB
FHLMC
FNMA
FEDERAL AGENCIES
July 2005
0.00%
0.00%
0.00%
0.00%
0.00%
August 2005
0.00%
0.00%
3.33%
0.00%
3.33%
September 2005
0.00%
6.23%
3.12%
0.00%
9.35%
October 2005
0.00%
14.23%
2.85%
0.00%
17.08%
November 2005
0.00%
18.82%
2.69%
0.00%
21.51%
December 2005
0.00%
22.92%
2.86%
0.00%
25.78%
January 2006
0.00%
20.74%
2.59%
0.00%
23.33%
February 2006
0.00%
21.01%
2.62%
0.00%
23.63%
March 2006
0.00%
20.49%
2.55%
0.00%
23.04%
April 2006
0.00%
20.59%
2.57%
0.00%
23.16%
May 2006
0.00%
19.94%
2.49%
5.02%
27.45%
June 2006
0.00%
24.91%
1.91%
3.85%
30.67%
July 2006
0.00%
25.26%
1.93%
3.90%
31.09%
August 2006
0.00%
28.57%
2.19%
4.41%
35.17%
September 2006
0.00%
26.17%
2.37%
4.77%
33.31%
October 2006
0.00%
26.26%
2.38%
4.79%
33.43%
November 2006
0.00%
24.69%
2.46%
0.00%
27.15%
December 2006
0.00%
28.04%
2.54%
0.00%
30.58%
January 2007
0.00%
27.59%
2.12%
0.00%
29.71%
February 2007
0.00%
26.60%
2.21%
0.00%
28.81%
March 2007
0.00%
32.82%
4.68%
0.00%
37.50%
April 2007
0.00%
30.05%
4.73%
0.00%
34.78%
May 2007
0.00%
31.17%
4.80%
0.00%
35.97%
June 2007
0.00%
36.37%
4.28%
0.00%
40.65%
July 2007
0.00%
36.07%
4.25%
0.00%
40.32%
August 2007
0.00%
41.34%
2.43%
0.00%
43.77%
September 2007
0.00%
39.24%
0.00%
0.00%
39.24%
October 2007
0.00%
31.02%
0.00%
0.00%
31.02%
November 2007
0.00%
29.61%
0.00%
0.00%
29.61%
December 2007
0.00%
28.06%
0.00%
0.00%
28.06%
January 2008
0.00%
16.79%
0.00%
0.00%
16.79%
February 2008
0.00%
11.72%
0.00%
0.00%
11.72%
March 2008
0.00%
11.72%
0.00%
0.00%
11.72%
Apri12008
0.00%
9.66%
0.00%
0.00%
9.66%
May 2008
0.00%
9.20%
0.00%
0.00%
9.20%
June 2008
0.00%
12.36%
2.06%
0.00%
14.42%
July 2008
0.00%
13.06%
6.55%
4.36%
23.97%
August 2008
0.00%
15.60%
10.42%
5.20%
31.22%
September 2008
0.00%
13.54%
10.85%
5.40%
29.79%
October 2008
0.00%
15.60%
12.54%
6.25%
34.39%
November 2008
6.46%
12.94%
12.89%
6.44%
38.74%
December 2008
6.58%
6.65%
9.86%
6.57%
29.66%
January 2009
6.59%
6.67%
3.30%
6.62%
23.18%
February 2009
0.00%
7.11%
0.00%
7.06%
14.18%
AVERAGE
0.45%
20.49%
3.21%
1.70%
25.84%
Agenda Item No. 4
Page 11 of 11