HomeMy WebLinkAbout2009-12-22 Item 3 CITY OF
LAKE oLSINOn
DREAM EXTREME.
REPORT TO CITY COUNCIL
TO: HONORABLE MAYOR
AND MEMBERS OF THE CITY COUNCIL
FROM: ROBERT A. BRADY
CITY MANAGER
DATE: DECEMBER 22, 2009
SUBJECT: INVESTMENT REPORT — NOVEMBER 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 (u'
Prepared By: James R. Rileyf/
Acting Director of . ministrative Services
Approved By: Robert A. Brady l
City Manager ( 1�
CC December 22, 2009 Item No. 3
Page 1 of 11
CITY OF LAKE ELSINORE
INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF NOVEMBER 30, 2009
BANK DEPOSITS OUTSTANG. BOOK
ACTIVE ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE
Bank of America - General $976,534.54 1,555,788.67 (1,387,119.36) 1,145,203.85
Bank of America - Payroll 27,011.25 - (1,763.55) 25,247.70
Bank of America - Flex Benefit 1,941.64 - - 1,941.64
Total Active Accounts 1,005,487.43 1,555,788.67 (1,388,882.91) 1,172,393.19
INVESTMENTS
Local Agency Investment Fund 8,986,814.05 - (1,500,000.00) 7,486,814.05
Bank of New York -Trust Sweep Account 3,172,966.67 - - 3,172,966.67
Bank of New York - Medium Term Corporate Notes 1,005,440.00 - - 1,005,440.00
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. 999,750.00 - - 999,750.00
Federal National Mortgage Association 1,000,000.00 - - 1,000,000.00
Sub -total Investments 20,219,670.72 - - 18,719,670.72
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 20,250,809.72 - - 18,750,809.72
21,256,297.15 1,555,788.67 (1,388,882.91) 19,923,202.91
Cashier Drawers #1 & #2 300.00
City of Lake Elsinore Petty Cash Fund 1,000.00
TOTAL POOLED CASH AND INVESTMENTS 19,924,502.91
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 December 15, 2009
Acting Director of Administrative Servces Date
Prepared by: N. Lassey, Senior Accountant
CC December 22, 2009 Item No. 3
Page 2 of 11
CITY OF LAKE ELSINORE
POOLED CASH AND INVESTMENTS BY FUND
AS OF NOVEMBER 30, 2009
FUND NO FUND NAME AMOUNT
100 General Fund 960,033.52
101 Supplemental Law Enforcement Fund 105,257.60
102 Local Law Enforcement Block Grant Fund 10,764.46
103 Office of Traffic Safety Fund (84,264.21)
104 Traffic Offender Fund 52,826.36
106 Affordable Housing In Lieu Fund 1,045,558.07
107 Developer Agreement Revenue 3,083,643.56
110 State Gas Tax Fund 1,872,367.00
112 Transportation Fund 75,554.63
115 Traffic Safety Fund 40,766.98
116 City Hall - Public Works DIF Fund 950,426.25
117 Community Center DIF Fund 156,025.54
118 Lake Side Facility DIF Fund 306,360.07
119 Animal Shelter DIF Fund 425,415.32
120 Camino Del Norte DIF 33,595.20
130 Lighting & Landscape Maintenance Fund (1,143,898.47)
135 #1 Lighting & Landscape Maintenance Fund 182,830.48
140 Geothermal Fund 18,406.04
150 C.D.B.G. Fund
(127,140.71)
155 CSA152 -- N.P.D.E.S. (56,074.43)
201 Street C.I.P. Fund 13,106.43
204 Signal C.I.P. Fund 143,399.48
205 Traffic Impact Fee Fund 1,200,428.76
211 Storm Drain C.I.P. Fund 3,081,758.21
221 Park C.I.P. Fund 93,123.12
231 Library C.I.P. Fund 1,323,132.26
232 City Fire Protection Fund 779,251.52
254 AD 89 -1 Railroad Canyon Rd. Improvement Fund 131,583.67
259 CFD 90 -3 Construction Fund 19.08
266 CFD 2004 -1 Marintiqu 938.09
267 CFD 2006 -1 Summerly (1,570.00)
272 CFD 2005 -2 CIP Fund 871.35
351 AD 87 -2 Debt Service Fund 112.68
352 AD 86 -1 Debt Service Fund (15,822.04)
353 AD 89 -1 Debt Service Fund 6,117.44
356 AD 90 -1 Debt Service Fund 7,299.22
357 CFD 2003 -2 Canyon Hills (143,768.10)
358 CFD 91 -2 Debt Service Fund 1,999.67
360 AD 93 -1 Debt Service Fund 36,814.72
362 CFD 95 -1(96 Srs.E) Debt Service Fund (15,033.55)
363 CFD 88 -3 / 1997 Series F Debt Service Fund 8,909.77
365 CFD 98 -1 Summerhill Improvement fund 17,447 68
366 CFD 2004 -1 Debt Service Fund (52,700.02)
367 CFD 2005 -3 Summerly / Laing (1,849.81)
368 CFD 2004 -2 Vista Lago (1,477.00)
369 CFD 2004 -3 Rosetta Canyon (93,425.76)
370 CFD 2005 -x Camino Del Norte 4,212.85
371 CFD 2005 -1 Serenity (104,073.83)
372 CFD 2005 -3 Alberhill Ranch 25,676.36
373 CFD 2005 -5 Wasson Canyon 32,311.84
374 CFD 2005 -4 Lakeview Villas 50,824.34
375 CFD 2005 -1 D. Clurman 13,067.69
376 CFD 2005 -7 La Strada (5,871.44)
377 CFD 2006 -X Tessara 36,510.87
378 CFD 2007 -X TR #31957 52,501.61
379 CFD 2007 -X Manna Village 418.10
380 CFD 2006 -9 Tuscany W 492.93
381 CFD 2006 -10 River LK 48,345.88
382 CFD 2006 -9 Trieste 67,072.04
383 CFD 2007 -X Canyon Hills 65,567.76
384 CFD 2003 -2 SRS 2006A 118,474.26
385 CFD 2004 -3 SRS 2006A (108,381.81)
386 CFD 2007 -4 Mekenna (30,364.34)
387 CFD 2007 -5 Red Kite (20,839.12)
388 CFD 2007 -6 Holiday 3,694.81
389 CFD 88 -3 Series 2008 31,392.41
604 Endowment Trust Fund 16,751.85
605 Public Improvement Trust Fund 554,769.82
606 Mobile Source Air Polution Fund 190,306.79
608 Trust Deposit & Pre Paid Expense 1,042,615.44
610 Kangaroo Rat Trust Fund 135.00
611 Developer Agreement Trust Fund 1,726,290.00
616 Fire Station Trust Fund 16.71
620 Cost Recovery System Fund 1,369,121.62
650 CFD 2003 -1 Law & Fire Service Fund 298,129.05
651 CFD 2006 -5 Park, OpnSpc 11,454.69
652 CFD 2007 -1 Law & Fire 4,758.60
Total Pooled Cash & Investments 19,924,502.91
CC December 22, 2009 Item No. 3
Page 3 of 11
CITY OF LAKE ELSINORE
INVESTMENT ACTIVITY SUMMARY
FOR THE MONTH ENDING NOVEMBER 30, 2009
Total outstanding investments as of October 31, 2009
$ 19,202,420.72
CUSIP PURCHASE MATURITY/ COUPON YIELD TO
INVESTMENT NUMBER DATE CALL DATE RATE MATURITY COST
Investment Purchases:
FHLMC 3128X9KE9 11/05/09 11/05/14 3.000% 2.970% 999,750.00
Total Purchases 999,750.00
Investment Maturities:
-
Total Maturities
Investments Called:
FHLMC 3128X85P3 08/13/09 11/13/09 3.375% 3.370% (1,000,000.00)
FNMA 3136FH4U6 08/20/09 11/20/09 3.625% 3.610% (1,000,000.00)
Total Calls
(2,000,000.00)
Net increase (decrease) in LAIF (1,500,000.00)
Net increase (decrease) in Sweep Account 2,017,500.00
Total outstanding investments as of November 30, 2009 $ 18,719,670.72
CC December 22, 2009 Item No. 3
Page 4 of 11
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CC December 22, 2009 Item No. 3
Page 9 of 11
CITY OF LAKE ELSINORE
SUMMARY OF POLICY LIMITATIONS
AS OF NOVEMBER 30, 2009
CURRENT
PERCENTAGE
BASED ON MARKET VALUE MAXIMUM
DESCRIPTION AS OF NOVEMBER 30, 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 0.00% UNLIMITED
FNMA 10.58% UNLIMITED
FHLMC 10.61% 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 22.60% 30.00%
Repurchase Agreements 0.00% UNLIMITED
Reverse Repurchase Agreements 0.00% 20.00%
LAIF (Local Agency Investment Fund) 39.48% UNLIMITED
Current Balance $ 7,486,814.05
Bank of New York - Trust Sweep Account 16.73% UNLIMITED
Current Balance $ 3,172,966.67
TOTAL 100.00%
% of Portfolio Maturing within one year 52.82% no less than 25%
% of Portfolio Maturing or Callable within one year 78.86%
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 Poor's 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's: "Aaa" S & P: "AA-"
Shell INTL FIN Moody's: "Aa1" S & P: "AA"
Berkshire Hathaway Moody's: "Aa2" S & P: "AAA"
Federal Nat'l Mortgage Association Moody's: "Aaa" S & P: "AAA"
Federal Home Loan Mortage Corp. Moody's: "Aaa" S & P: "AAA"
CC December 22, 2009 Item No. 3
Page 10 of 11
CITY OF LAKE ELSINORE
PERCENT OF PORTFOLIO INVESTED IN FEDERAL AGENCIES
JULY 2006 THROUGH NOVEMBER 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% 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%
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% 3.76% 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%
October 2009 0.00% 0.00% 10.34% 15.47% 25.81%
November2009 0.00% 0.00% 10.61% 10.58% 21.19%
AVERAGE 0.49% 17.55% 4.05% 3.27% 25.36%
CC December 22, 2009 Item No. 3
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