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HomeMy WebLinkAboutItem No. SA2CITY OF LADE LSINOKE DREAM EXTREME, REPORT TO CITY COUNCIL AS SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: GRANT M. YATES CITY MANAGER DATE: JANUARY 22, 2013 SUBJECT: INVESTMENT REPORT— DECEMBER 2012 Recommendation Receive and file. Discussion The Investment Report is a listing of all funds invested for the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore as of the date shown on the report. Prepared By: Nancy L. Lassey V� Accounting Supervisor Prepared By: James R. Rile f % Director of Admi trative Services Approved By: Grant M. Yates City Manager AGENDA ITEM NO. SA2 Page 1 of 32 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF DECEMBER 31, 2012 INVESTMENTS BANK DEPOSITS OUTSTANG. BOOK ACTIVE ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank of America- Successor Agency General $109,585.37 0.00 (1,000.00) 108,585.37 Bank of America - Housing Fund 250,236.76 0.00 0.00 250,236.76 Total Active Accounts 359,822.13 0.00 (1,000.00) 358,822.13 INVESTMENTS Successor: Successor Local Agency Investment Fund 5,507,577.44 - - 5,507,577.44 Successor CAMP Pool Account 32,529.80 - - 32,529.80 Successor U.S. Treasury Bond / Notes 1,809,413.40 - - 1,809,413.40 Successor Federal Agency Bond / Notes 1,716,81130 - - 1,716,813.30 Successor Corporate Notes 1,498,157.14 - - 1,498,157.14 Housing: Housing CAMP Pool Account 56,362.08 - - 56,362.08 Housing U.S. Treasury Bond / Notes 1,491,332.50 - - 1,491,332.50 Housing Federal Agency Bond / Notes 2,135,820.77 - - 2,135,820.77 Housing Corporate Notes 1,176,408.26 - 1,176,408.26 Sub -total Investments 15,424,414.69 - - 15,424,414.69 Unrealized Gain/ (Loss) at 6 -30 -12 per GASB 31 (LAIF SUC) 5,613.05 - - 5,613.05 Unrealized Gain/ ( Loss) at 6 -30 -12 per GASB 31 (CAMP SUC) 117,865.57 117,865.57 Unrealized Gain/ (Loss) at 6 -30 -12 per GASB 31 (CAMP HSNG) 56,395.57 - - 56,395.57 Unrealized Gain/ (Loss) at 6 -30 -12 per GASB 31 (Total) 179,874.19 179,874.19 Total Investments 15,604,288.88 - - 15,604,288.88 15,964,111.01 (1,000.00) 15,963,111.01 TOTAL POOLED CASH AND INVESTMENTS 15,963,111.01 I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the Members of the Redevelopment Agency on December 11, 2012. 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 January 14, 2013 Director of Administrative Sewces Date Page 2 of 32 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE LOCAL AGENCY INVESTMENT FUND TRANSACTION SUMMARY FOR THE MONTH ENDING DECEMBER 31, 2012 Interest Rate 0.326% Beginning Balance 5,607,577.44 Purchase Date Net Increase /Decrease $ (100,000.00) Maturity Rate 24 -Hour Ending Balance $ 5,507,577.44 Page 3 of 32 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF DECEMBER 31, 2012 FUND NAME Area I Area II Area III Housing Stadium Lease Trust Fund CFD 90 -2 Debt Service Fund Total Pooled Cash & Investments AMOUNT $6,242,290.28 3,401,113.98 672,637.37 4,930,227.04 700,141.78 16,700.56 $ 15,963,111.01 Page 4 of 32 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE SUMMARY OF POLICY LIMITATIONS FOR THE MONTH ENDING DECEMBER 31, 2012 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 PFM Asset Management LLC will evaluate the need to sell the security prior to maturity. The CAMP Portfolio Summary and Statistics shows the credit quality held by the City's investments. *No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. *Totals include Housing Investments. Page 5 of 32 DIVERSIFICATION MAXIMUM TYPES OF SECURITIES PERCENTAGE PERCENTAGE U.S. Treasury Bills 0.00% UNLIMITED U.S. Treasury Bond / Notes 21.40% UNLIMITED Current Balance $ 3,300,745.90 Federal Agency Bond / Notes 24.98% UNLIMITED Current Balance $ 3,852,634.07 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 17.34% 30.00% Current Balance $ 2,674,565.40 Repurchase Agreements 0.00% UNLIMITED Reverse Repurchase Agreements 0.00% 20.00% LAIF (Local Agency Investment Fund) 35.71% UNLIMITED Current Balance $ 5,507,577.44 CAMP -Pooled Sweep Account 0.58% UNLIMITED Current Balance $ 88,891.88 TOTAL 100.00% $ 15,424,414.69 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 PFM Asset Management LLC will evaluate the need to sell the security prior to maturity. The CAMP Portfolio Summary and Statistics shows the credit quality held by the City's investments. *No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. *Totals include Housing Investments. Page 5 of 32 CITY OF LAKE I LSINOIZE -� DREAM EXTREME Successor Agency of the Redevelopment Agency CAMP Account Page 6 of 32 N N O N N M a E V d D m C v C W L C O v y 0 LL m E 7 C O •r A y C ` L 1 it C d E d a.l W C 3 O v v Q N N � O p g vi O E � � 8 d a 2 �$ 0 N W ro m O N o N V N rl N " I Lr l O M N c O �• O pD v O Y C: yj o V � M m s m Ea s � s a f a a _ T n O O O m N O O O �p �. pp M O O O Ih pp aq 0 0. r O O C3 CA V' ui O O O N Ot W pry m w v N N Ln pi ri ti n � N v N O a y O N K E E y o y o N v d N v N p N rn? rn ? m� E B t E NN rn c 0 : F P &EC 7 Of 32 N a N N a YI L p �v�ppi N C �i m N L p immn O d 2 D u U lJ 0 2 K U U V H U1 a H O O Y1 N 0 N C 0 u Q V v v bA «S v to w N e'1 N ri M d a E w v w D rn c 0 C W L 1� C O f N L Y p W i� C d d V ` r I i m E E c C 0 6 V N G1 m C m x b vi N n as Ct Uf d d m E as c c O h It vi M N n 0 Ifl 7 v f a c c M N a N n N N d v f c C 0 0 0 0 i0 000 0 �n 000 o ri W 7 N C C 0 0 D yi C Npp '� W U1 U n Q N V N_ m U n� o� 0 N N N C 0 E u v d 2' A b N n 0 c Ct O N K p o v ui o vi v o c ' vi vi ui vi N v V � V 0 � F 0 ti o N n m a O N v 7 Y E c O V N�.2,q, c M c a� A 7 4 C5 W m Y N L O lc� W .-t .-i C N All c0 � U O p � V C CO N v v 1N/ O O V � V 0 � F 0 ti o N n m a O N v 7 Y E c O V v N�.2,q, c M E a� L! 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D O N O m at a � °p E a v � V d Y C 0 0 V Im a I m C O m F a a u u 2 vi �O o 0 0 14 m O R p M N i N tlF 0 a E%ZZZ m o 0 0 W O M d' 01 M ai `^ O � p � v '^ M co N c U � a ¢ F U N N m N O 0 N O b C 0 u u Q U a E o v m c j > v v ui N � c C L aLa''' Of yCN_� O a u U Y � m c > c c m E B m N v E 0 � c Y V m c A f a C �N L O � u c3 Page 20 of 32 C v v bA c�3 c� CJ i 4. y ll�� a Y� N N N H M 4. a d d rn c 'v C W L Y C 0 f N L Y 0 C d a m E E U a V N O1 m C m .. - 3 N Go vi N b 01 V7 .r N A 7 v A f rn C C co co N n N co .t O O O O p O O O O pi rn N d Y f C C M J IO C C > 0 uoa u fad 3 v b ? 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Im m 00 \ \ \\ \L /\ \ \ {0); !_! #! §< \ \ {/\ / ) f \ � \ { ) \ \ { ! f § | )/ � �\ / ) f \ � \ { ) \ \ { ! � \ 2 § & ( 2 ) � WD �� 0 z/. �\ . !. � \ 2 § & ( 2 ) � WD �� 0 N N N N H M d a £ d m G U C W L Y C d Y 0 W 0 N n m E E YI w W U) Yl H M M G 7 O V V Q V w cm m d A d L A N vt O h f� b M N 1!1 p O lh C O O N O C J N O �O T rD VD O W O M H T O OJ In n M M C t0 ti N N ti OJ N N O+ V1 M tll N N N Q P ' tO N O N 01 Lr 1i OJ t0 (O CD M N f n N N .-i O 1/1 M M � vi tri v w z 0 o � � a U K NNa Z � � W ZoZ°��aa °o� �+- O oS W K U' -� U ¢ Om w w z c O O 3 w a f a� z f QQ w w z w g f w m Q m U U O Page 23 of 32 It v m m a N O O Lh N 0 .o c 'o u u v v bA cC O1 w 40 N O N N M .n E d v d C 'O W Y C c O G y V V. L. � ^ A W_ �L u vI W C u v Q G7 Of c C m /:3 Y V O O M a M N � N 10 b m O o N e+i Y $ vi OJ o O In N vi I� OO P o 16 N In L m < .� p N 1O Vf N O W N 01 T W O� O� O 01 O N N M N M N N EI N F O l Y■ M d' ? 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M O O N N N m W O O \ m N N \ M m M � N NN i N ti � ti . 0 0 0 0 0 0 0 0 0 N N M M O W N W M W M H � of tl] O Vf [!1 O �O R] O h R] O Z Z V C Z ' N 6 8 f o Z Z Z Z F r a r o r o r r o r o r 0 r o a e co O + + y 1 V O p O I() p O O N � o M o m -i � T 01 Oi i N N N H N y q d 0 0 0 0 0 0 0 O. ° o ° O o 0 0 0 O 0 0 0 0 0 to ti N 1O M N N O N O + O O ti N " M a Lr ! 0 N v M M t/1 N w N w N m N m N m N m N m N m O N N N N N N N U rn m rn rn m .Ni m m rn N y vl Vl II1 1D �D h h N O O V m 11 O \ m N N \ M m M m N NmN-1 N O 0 0 0 0 0 0 0 0 0 N N M M O W N W M W M W O N of tl] O Vf [!1 O �O R] O h R] O Z Z Z Z ' N 6 D o Z Z Z Z F r o r o r o r r o r o r 0 r o O O y 1 V O p O I() p O O N � o M o m -i � T 01 Oi i N N N " M Lr ! 0 N v M c M v W . O ri O m N a N 0 e c 0 O O V m 11 N m rn Iq m rn V Q O N NmN-1 N O N N M M O O e N O M " N M b N O O y 1 V O p O I() p O O N � o M o m -i � T 01 Oi i N N N H N y Oi 1 M m N y Y W H W ti n O n O N N O O ti O O 0 8 8 8 8 8 O O O O O O 0 vi v1 m v1 0 l} N N N N I!t a m o o u � v v N M M m m m O N O O N N N N O O QJ O O O O O y N N m O O v 1 " 0 0 Z.. p 0 Z�� O 5p O 3N w zo z zo 11WNIP N N 0 N N M d a E d ° V W L C O f L u tLL L �1 f/1 N u u w O d Y C 7 O u u Q V 01 Ol R C m -] v d N O O N N 0 e c 'o Q � I I y �IIJ P , T M OJ b IM Y 9 M OJ M O N� rn ri m o m .o � H ri - In c o rn o e m � N N M V' N {p N OJ vl M Ot W O I/1 Iq OJ ti .O O O N I/1 O. I� O 4\ n M W n h V1 M ID M VI 'L' O v, o n � rn m R rn oo cq .o rn n v O U In vi o a ri o: m m M v r� m Q rl N O OI � Of I� N N � Vl vl O! N N OJ N O V1 O I!1 T M N H et• Vl Y NO Ni V p IO T OI M O! N V d n V Q N F O tO .O OJ O O O! O O\ tD .O O. m n O N N O• 1O vl ? N f� M 1 O O 1 O N V 10 O y L" N 'O vt M 10 O V1 w m n V O O O m m m m 17i m 13i m IR e O U .o of e o a ri o� o? m In m N N . . . N N ti ti . N N } N 01 � C m ° o o0 0 0 O Ip o o 0 O 0 o C G 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N 0 ry .O � vj N N tV vt M V' O1 O O O H O m N Vl H M ti . N N Ot Ot O n 4 O V O A 0 u V V Q J O K = K V (�j N N n N N N N aaaOyyy IO �i Y O O J V Z J Z J m w A O O O O 0 O p O (p O O p O O O O .Wi O Z O p O Z O ti O O N O O O o a Z o o O O e V In V in e o V o o W a f o g p K m V� U o v+ o o QI 0 Vl 0 O F y N t\ p Z V1 Y O h p H . n m .z. In M V1 .O .^i I m fp t:; OJ n m m O1 cs U I/� Q O N W^\ d N W N o � pQ Z N o0 QQ N N o� K O C O O O �o w u � pp o p m� p o o� p �' m F LL O LL O LL 0 v d N O O N N 0 e c 'o Q � I I y �IIJ P , I N Q m Q N O O Y tp N � N O. Z A C N N OL a C G f 9 O Q � ry V d L Z O J =o xo � y C p V vi o y a C o f ' v t •• v ° m 0 d XI n �n n Q M U m o N o A of Sri o = Q n O i•+ H .N. v c o 0 � N � V f u v a H A V f0 y ° o 0 o a � C ti b N O N W ro w m n H n Ifl n a N ^� I N S N n .-I N O O O Itl H 0 H 6 M p O oa � � M a R a �p m b o of n � M N v n a N � O O N N a O N O N N M O � C t a a Z Q p o N O M H u n v c LL N E d O N b b N ro b b N 0 O W O b H W O N M b N 0 Y A f v 0 r � ■ O f` N p n � H C w m Y v YF n N w W w ro O N N N o . G b N N V w O N M n a N Y f t d � 0 a` N O N N M V YF C M C M 0 Page 26 of 32 4, m d N O O N N O b O Q U C a� C� Q� w ITV Q m Q m « Q m $ U � g Z A C N N OL f 9 O Q � ry Z O Z O J =o xo b N O N W ro w m n H n Ifl n a N ^� I N S N n .-I N O O O Itl H 0 H 6 M p O oa � � M a R a �p m b o of n � M N v n a N � O O N N a O N O N N M O � C t a a Z Q p o N O M H u n v c LL N E d O N b b N ro b b N 0 O W O b H W O N M b N 0 Y A f v 0 r � ■ O f` N p n � H C w m Y v YF n N w W w ro O N N N o . G b N N V w O N M n a N Y f t d � 0 a` N O N N M V YF C M C M 0 Page 26 of 32 4, m d N O O N N O b O Q U C a� C� Q� w ITV N H N ti M a C C d d p C 'O W t C (1 U! u o` W y R C a QI 3 7 a+ Y L L LL C 7 u v a w � 'V C F E � r A O A p > O Q � Q U C O c E \ y N q u W c cO d d c N ; G u y r U Y a 57 p Z N N N M Lq m .O O O O O O O O O M o o m M Lq e M o rn rn � � n N N N N M C V ? M O O m M to M O O. O. V1 .D n N N N N M R Q Q n M O LI! N t V ti ti W r` tp m •t O N N V O O g R M N V 1!t O 4!1 1!f m O N O m O N n O+ N Vl M Vl N N M M OJ .D H N M N r1 N o V t m r ° v N m rii L x < C m f z < K 0 z < K f Y m o p U s S s s S s s s a A Z O Z O Z O Z Z N Z N Z N Z r Z Z Z p r o o o o r o r o> o r c o �� 0 0 0 0 0 0 0 0 N O O tp b m N M N •y •+ ti N o m m o a {II N N N N N N N N U Ol T N O P Ol O. Ol � Y to to in e m n n r N \ \ N N \ M M M F CL o 0 0 0 N + o o pl O o e a 0 0 0 m o N V1 O l t) m M O N Q N O N O N m 0 m O m O m[ a A Z O Z O Z O Z Z N Z N Z N Z r Z Z Z p r o o o o r o r o> o r c o �� •� N p W O W rv1 W rvl V� W h W O W< O O O O O O 00 N O pl O Cn O m o N V1 O l t) m M M In N OI N O O tp b m b IR YI M N O O N N N O b a � Q Q c : e v a v OR M M n M N O � 1!1 Vl N In N O O ti C m b m n h N N V IMl1 b C m M N I. M V1 m V O n O Vl 6 N M M p. M M .-I N T •y M 0 0 0 0 0 0 0 n 0 n 0 0 0 0 0 a 0 f g S S S s s s s 0 g 0 s 0 o 0 0 0 o 0 s 0 a 0 s N N M N M ti N N V V t0 M M N U M M M M M M M Vi cl J I N o N N N N N N O e O O O 1� Z O O O n y 4 N [6 O V1 t n o O O O O Q o t p o c n F o o 0 5_ J O Q J O W N Q O O p ''JJ O w 0 0 0 I � LL LL I O LL t7 u L] LL C] c C L 0 b �n m rn m O N M m C e N F1 O e d O w �O u d O d c Iq O Cn O� I'! A T W r W p C L N Y O \ G P n N Q OO C G J O N f O u P U N C CO T p M V Y = O }1 L m m ' n e{ N N Q N N Oa M M P a+ d a O f a = ti i+ ` _ � Y � m p to 2 n 1 m n n O O P m P m LL m n m n + 0 Y W w Q N w P m W Q P' S � W O u a c C L 0 b �n m rn m M o e e o cn e M O �O P n m O Cn O� I'! On T O C N W O c � n N q ~ p P U N T p M V) Vl IQ O O ry O� M 1n e{ N N N N N P M M P ? 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D �D N C -0 W N N Vl T N M 3 0 0 0 � m N M f ti N a C V a � � n N b b = U h o 0 n o � N O n o v a N O. O m e m e n m s v O N ` o 8 ° ° O ° d •� Z O Z o O i n O _�uz 0 U Z � V Z O O NN i n 6 d N G V V I I N N .. D �D N C -0 W N N Vl h o 0 n o � N O n o v a N O. {!1 n m s v O N ` f� M d' ? O V N N P T M o, w N N o N tV C � O a O N O N N O g O C ° o $ O O rn N ' O N N T r c v Z C C � � G � N N .n x o f N O ~ • -i N. ` N N W N v O ni M M b N b N M N O ti N b h N N ' O C I N T O b VI f N W N N v a ei M b M a IV n O N N q N e M ° a m M b N n O P W a q H N N N m m w N cs O C N YI n n N N N O F .b N 8 � Y a d A A 1 C Page 30 of 32 0 f H N N O O N N to 0 u Q U C C v G F w �� I�1 N O O ° a N N O. m s N O N ` O 8 � O ° d C O o c O i n O o 0 N O O n N O V N N P T M o, w N N o N tV C � O a O N O N N O g O C ° o $ O O rn N ' O N N T r c v Z C C � � G � N N .n x o f N O ~ • -i N. ` N N W N v O ni M M b N b N M N O ti N b h N N ' O C I N T O b VI f N W N N v a ei M b M a IV n O N N q N e M ° a m M b N n O P W a q H N N N m m w N cs O C N YI n n N N N O F .b N 8 � Y a d A A 1 C Page 30 of 32 0 f H N N O O N N to 0 u Q U C C v G F w �� I�1 N N N OJ N N O. m s O N ` J � ° d O o c i n d O m C s �z� D �D b Vl T N M 0 � m N M f ti N O V N N P T M o, w N N o N tV C � O a O N O N N O g O C ° o $ O O rn N ' O N N T r c v Z C C � � G � N N .n x o f N O ~ • -i N. ` N N W N v O ni M M b N b N M N O ti N b h N N ' O C I N T O b VI f N W N N v a ei M b M a IV n O N N q N e M ° a m M b N n O P W a q H N N N m m w N cs O C N YI n n N N N O F .b N 8 � Y a d A A 1 C Page 30 of 32 0 f H N N O O N N to 0 u Q U C C v G F w �� I�1 N N N N M d V D m c V c w s c 0 -) i O LL d E 4) 41 v1 Y G O v U a M N W � o o O N N C 'R N 'x N N Cll � m Q n T m OZ M Vl M Vl N .i l0 Yl V V' cJ M M m Ch �� N N N N ti N ill ill vl M N C H N O N LA N O b c 0 u u Q + C C V O n M O O p O t m N M O ill n n M E.1 Q O ti cl � O v V V C M p ill f 8 0 O O O O O O O O O O 'L �a O rl O ri O rl O N O r1 O O O O r1 O ti c C H A c O g N p T T in W vl N p U1 C m m N v p r O O O y0 y0 O O o m d > V d a m d d C v v N o g s o a E °- Isi c 0_ o O C v z S G A U 9 2 ai c d O O O O O O N N M M O ` — w C O O O O O N N M M M Page 31 of 32 GL 31' O N N O N ti M d a E y d N O m C C W L C O N `o a+ C d w E W m 10 i� C O w u z N co C O .= fV - O O � m O b H F � L H � n o O C C N o 2 M M O O E a c L m o L 0 0 o �a A L C y 9 u E N } jp C CO C i d c c _ m o m E � C N L � L v ¢ E ry O N O co O jJ O W n 0 p Q E o n o N ri N d iLL 0 N b cc m N N N a C A 7 G L p O E v o0o ri m n c m rn ° v o � v C O_ C H d d O u N V « N N u c E �i $ '^ c . C c A _ 3 m Y m y O 6 m > O C C L E Y C L u 0 0. C9 u v u Page 32 of 32 M N rn a N O iA N O b C 0 u u Q N C v G 0 C� N QU w {r �0.