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HomeMy WebLinkAbout2009-10-27 CC Item No. 4 CITY OF LAKE 5LSINOR E DREAM EXTREME,, REPORT TO CITY COUNCIL TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ROBERT A. BRADY CITY MANAGER DATE: OCTOBER 27, 2009 SUBJECT: INVESTMENT REPORT — SEPTEMBER 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 Senior Accountant Prepared By: James R. Rile Acting Director dministrative Services Approved By: Robert A. Brady % Executive Director CC Agenda 10 -27 -2009 Item No. 4 Page 1 of 11 CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF SEPTEMBER 30, 2009 BANK DEPOSITS OUTSTANG. BOOK ACTIVE ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank of America - General $1,399,136.65 17,915.00 (929,264.07) 487,787.58 Bank of America - Payroll 147,554.01 - (284.53) 147,269.48 Bank of America - Flex Benefit 8,334.06 - - 8,334.06 Total Active Accounts 1,555,024.72 17,915.00 (929,548.60) 643,391.12 INVESTMENTS Local Agency Investment Fund 12,250,134.28 - - 12,250,134.28 Bank of New York -Trust Sweep Account 82,772.23 - - 82,772.23 Bank of New York - Medium Term Corporate Notes 2,007,800.00 - - 2,007,800.00 Berkshire Hathaway Fin Corp. 1,014,120.00 - - 1,014,120.00 Federal National Mortgage Association 1,000,000.00 - - 1,000,000.00 Shell Intl Fin B V- Medium Term Corporate Notes 2,040,580.00 - - 2,040,580.00 Federal Home Loan Mortgage Corp. 1,000,000.00 - - 1,000,000.00 Federal Home Loan Mortgage Corp. 1,000,000.00 - - 1,000,000.00 Federal National Mortgage Association 1,000,000.00 - - 1,000,000.00 Federal National Mortgage Association 1,000,000.00 - - 1,000,000.00 Sub-total lnvestments 22,395,406.51 - - 22,395,406.51 Unrealized Gain/ (Loss) at 6 -30 -08 per GASB 31(LAIF) (1,974.00) - - (1,974.00) Unrealized Gain/ (Loss) at 6 -30 -08 per GASB 31 (Other) 33,113.00 - - 33,113.00 Unrealized Gain/ (Loss) at 6 -30 -08 per GASB 31 (Total) 31,139.00 31,139.00 Total Investments 22,426,545.51 - - 22,426,545.51 23,981,570.23 17,915.00 (929,548.60 23,069,936.63 Cashier Drawers #1 & #2 300.00 City of Lake Elsinore Petty Cash Fund 1,000.00 TOTAL POOLED CASH AND INVESTMENTS $23,071,236.63 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 September 22, 2009. A copy of this policy is available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures. James R. Riley October 20, 2009 Acting Director of Administrative Services Date Prepared by: N. Lassey, Senior Accountant CC Agenda 10 -27 -2009 Item No. 4 Page 2 of 11 CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF SEPTEMBER 30, 2009 FUND NO FUND NAME AMOUNT 100 General Fund 388,293.36 Z O ci 101 Supplemental Law Enforcement Fund 105,647.66 102 Local Law Enforcement Block Grant Fund 11,365.77 E ch 103 Office of Traffic Safety Fund (34,630.96) N 0) 104 Traffic Offender Fund 40,412.82 tT 105 Misc. General Project Fund 106 Affordable Housing In Lieu Fund 1,042,015.90 107 Developer Agreement Revenue 3,093,168.03 110 State Gas Tax Fund 1,684,145.23 N- 112 Transportation Fund (659,548.46) N 115 Traffic Safety Fund (3,072.23) O 116 City Hall - Public Works DIF Fund 941,577.04 117 Community Center DIF Fund 151,713.34 CO 118 Lake Side Facility DIF Fund 299,914.03 119 Animal Shelter DIF Fund 421,558.13 C 120 Camino Del Norte DIF 33,481.39 130 Lighting & Landscape Maintenance Fund (888,259.21) 135 #1 Lighting & Landscape Maintenance Fund 207,783.77 V 140 Geothermal Fund 18,330.04 150 C.D.B.G. Fund (125,003.32) 155 CSA152 — N.P.D.E.S. (34,289.74) 201 Street C.I.P. Fund 13,062.04 204 Signal C.I.P. Fund 139,713.67 205 Traffic Impact Fee Fund 3,119,323.46 211 Storm Drain C.I.P. Fund 5,543,258.27 221 Park C.I.P. Fund 78,310.95 231 Library C.I.P. Fund 1,313,535.53 232 City Fire Protection Fund 771,397.79 254 AD 89 -1 Railroad Canyon Rd. Improvement Fund 131,137.90 257 CFD 90 -2 Tuscany Hills - 259 CFD 90 -3 Construction Fund 692.69 266 CFD 2004 -1 Marintiqu 934.92 267 CFD 2006 -1 Summerly (1,570.00) 272 CFD 2005 -2 CIP Fund 868.41 351 AD 87 -2 Debt Service Fund 112.37 352 AD 86 -1 Debt Service Fund (14,562.14) 353 AD 89 -1 Debt Service Fund 4,902.61 356 AD 90 -1 Debt Service Fund 1,993.86 357 CFD 2003 -2 Canyon Hills (129,060.48) 358 CFD 91 -2 Debt Service Fund 1,992.94 359 CFD 90 -3 Debt Service Fund - 360 AD 93 -1 Debt Service Fund 41,893.09 362 CFD 95 -1(96 Srs.E) Debt Service Fund (14,533.55) 363 CFD 88 -3 / 1997 Series F Debt Service Fund 8,963.16 364 CFD 88 -3 III B / 1997 Series B Debt Service Fund - 365 CFD 98 -1 Summerhill Improvement fund 23,783.47 366 CFD 2004 -1 Debt Service Fund (44,691.76) 367 CFD 2005 -3 Summerly / Laing 2,999.56 368 CFD 2004 -2 Vista Lago 3,716.96 369 CFD 2004 -3 Rosetta Canyon (77,209.01) 370 CFD 2005 -x Camino Del Norte 4,198.59 371 CFD 2005 -1 Serenity (95,783.56) 372 CFD 2005 -3 Alberhill Ranch 34,873.66 373 CFD 2005 -5 Wasson Canyon 32,678.26 374 CFD 2005 -4 Lakeview Villas 52,143.14 375 CFD 2005 -1 D. Clurman 14,514.42 376 CFD 2005 -7 La Strada (4,371.44) 377 CFD 2006 -X Tessara 37,878.19 378 CFD 2007 -X TR #31957 53,814.74 379 CFD 2007 -X Manna Village 416.70 380 CFD 2006 -9 Tuscany W 491.53 381 CFD 2006 -10 River LK 49,673.09 382 CFD 2006 -9 Trieste 68,335.55 383 CFD 2007 -X Canyon Hills 65,345.64 384 CFD 2003 -2 SRS 2006A 120,998.66 385 CFD 2004 -3 SRS 2006A (105,911.81) 386 CFD 2007 -4 Mekenna (28,864.34) 387 CFD 2007 -5 Red Kite (19,339.12) 388 CFD 2007 -6 Holiday 4,394.81 389 CFD 88 -3 Series 2008 46,409.87 604 Endowment Trust Fund 16,637.74 605 Public Improvement Trust Fund 552,911.71 606 Mobile Source Air Polution Fund 192,123.10 608 Trust Deposit & Pre Paid Expense 1,152,803.29 610 Kangaroo Rat Trust Fund 119.00 611 Developer Agreement Trust Fund 1,692,290.00 616 Fire Station Trust Fund 16.66 620 Cost Recovery System Fund 1,200,125.05 630 Lake Maintenance Fund - 650 CFD 2003 -1 Law & Fire Service Fund 299,077.35 651 CFD 2006 -5 Park, OpnSpc 12,908.25 652 CFD 2007 -1 Law & Fire 4,758.60 Total Pooled Cash & Investments 23,071,236.63 CITY OF LAKE ELSINORE INVESTMENT ACTIVITY SUMMARY FOR THE MONTH ENDING SEPTEMBER 30, 2009 Total outstanding investments as of August 31, 2009 $ 25,355,850.95 PURCHASE MATURITY/ COUPON YIELD TO DATE CALL DATE RATE MATURITY COST Investment Purchases: Total Purchases - Investment Maturities: Total Maturities - Investments Called: Total Calls - Net increase (decrease) in LAIF (3,000,000.00) Net increase (decrease) in Sweep Account 39,555.56 Total outstanding investments as of September 30, 2009 $ 22,395,406.51 CC Agenda 10 -27 -2009 Item No. 4 Page 4of11 NI" N v v M M v pp p Q rz N , N .< N N N N N N N N O O 8 8 O O O 2 O 0 N y a w s § F N N N N_ <4 <4 N a. ^ 7 z 7 z � z z N W b 1 W ., H 1¢¢ c Z Z 1 N 1 1 18 8 1 ci) U d Mv M -.A M o. 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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's: "Aa2" S & P: "AA-" General Electric Cap Corp Moody's: "Aa2" S & P: "AA +" Shell INTL FIN Moody's: "Aa1" S & P: "AA" Berkshire Hathaway Moody's: "Aa2" S & P: "AAA" CC Agenda 10 -27 -2009 Item No. 4 Page 10 of 11 CITY OF LAKE ELSINORE PERCENT OF PORTFOLIO INVESTED IN FEDERAL AGENCIES JULY 2006 THROUGH SEPTEMBER 2009 TOTAL % OF % OF PORTFOLIO BY AGENCY PORTFOLIO IN MONTH FFCB FHLB FHLMC FNMA FEDERAL AGENCIES 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% April 2008 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% 5A0% 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% March 2009 0.00% 0.77% 0.00% 3.84% 4.61% April 2009 0.00% 7.48% 3.72% 3.74% 14.94% May 2009 0.00% 7.45% 3.70% 3.63% 14.78% June 2009 0.00% 0.00% 3.68% 3.62% 7.30% July 2009 0.00% 0.00% 3/6% 3.70% 7.46% August 2009 0.00% 0.00% 7.33% 10.97% 18.30% September 2009 0.00% 0.00% 8.88% 13.28% 22.16% AVERAGE 0.52% 18.47% 3.71% 2.75% 25.45% CC Agenda 10 -27 -2009 Item No. 4 Page 11 of 11