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Home My WebLink AboutItem #2aCITY OF W091 01MMIM HONORABLE O i AND MEMBERS OF THE CITY COUNCIL FROM: GRANT M. YATES CITY MANAGER .�.. �. 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 Accounting Supervi'7or Reviewed By: James R. Riley Director of Admi native Services Approved By: Grant M. Yates City Manager OVERSIGHT BOARD OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE TO: CHAIRMAN WILLIAMS AND MEMBERS OF THE OVERSIGHT BOARD DATE: SEPTEMBER 24, 2013 SUBJECT: INVESTMENT REPORTS AS OF MAY 2013, JUNE 2013 AND JULY, 2013 Recommendation: That the Oversight Board receive and file the attached Investment Report Summaries Discussion: Attached are the Investment Report Summaries of Pooled Cash and Investments of the Successor Agency as of May 31, 2013, June 30, 2013 and July 31, 2013. Note that though such accounts include housing funds, only unencumbered housing funds are held by the Successor Agency. Prepared and approved by: Barbara Leibold, City Attorney /Successor Agency Counsel Attachments: Investment Report Summary — May 2013 Investment Report Summary — June 2013 Investment Report Summary — July 2013 AGENDA ITEM 2a Page 1 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF MAY 31, 2013 INVESTMENTS BANK DEPOSITS OUTSTANG. BOOK ACTIVE ACCOUNTS BALANCE IN TRANSIT Successor Local Agency Investment Fund _ BALANCE Bank of America - Successor Agency General $1,287,751.75 0.00 (50,275.00) 1,237,476.75 Bank of America - Housing Fund 250,392.09 0.00 0.00 250,392.09 Total Active Accounts 1,538,143,84 O�QO (50275.00) 11,487,868_84 INVESTMENTS Successor: Successor Local Agency Investment Fund 5,515,948.18 - - 5,515,948.18 Successor CAMP Pool Account 44,180.70 - - 44,180.70 Successor U.S. Treasury Bond / Notes 1,732,609.49 - - 1,732,609.49 Successor Federal Agency Bond / Notes 1,699,193.65 - - 1,699,193.65 Successor Corporate Notes 1,632,203.80 - - 1,632,203.80 Housing: Housing CAMP Pool Account 30,506.09 - - 30,506.09 Housing U.S. Treasury Bond /Notes 1,170,656.36 - - 1,170,656.36 Housing Federal Agency Bond / Notes 2,299,949.40 - - 2,299,949.40 Housing Corporate Notes 1,410,438.45 1,410 438.45 Sub -total Investments 15,535,686.12 - - 15,535,686.12 Unrealized Gain/ (Loss) at 6 -30 -12 per GASB 31 (LAIF SUC) 5,613.05 - - 5,613.05 'nrealized Gain/ (Loss) at 6 -30-12 per GASB 31 (CAMP SUC) 117,865.57 117,865.57 ;nrealized 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 87� 4.19 Total Investments 15,715,660.31 - - 15,715,560.31 }7,253,704.15 a ®LL��m (50 2%5.00) _ 17,203,429.75 TOTAL POOLED CASH AND INVESTMENTS 1117,2031429.15 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 rash flow liquidity to meet the next six months estimated expenditures. James R, _ _ June 18_ 2013_ Director of Administrative Services Date SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE LOCAL AGENCY INVESTMENT FUND TRANSACTION SUMMARY FOR THE MONTH ENDING MAY 31, 2013 Interest Rate purchase Date Maturity Rate 0.245% Daily 24 -Hour Beginning Balance Net Increase /Decrease Ending Balance $ 50515,948.18 $ $ 5,515,948.18 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF MAY 31, 2013 FUND NAME Area I Area II Area III Housing Stadium Lease Trust Fund Total Pooled Cash & Investments AMOUNT $5,103,071.31 5,557,163.55 2,231,855.86 4,281,656.15 29,682.28 $ 17,2033429.15 -t 0: HONORABLE MAYOR AND MEMBERS OF S w V FROM: GRANT M. YATES CITY MANAGER DATE: JULY 23, 2043 'ai a r 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 fe Finance Administrator Reviewed By: James R. Riley�-� Director of Admi6j {{rative Services Approved By: Grant M. Yates City Manager 0940� Attachment Investment Report for June 2013 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF JUNE 30, 2013 INVESTMENTS BANK DEPOSITS OUTSTANG. BOOK ACTIVE ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank of America- Successor Agency General $213,455.83 0.00 (2,535.00) 210,920.83 Bank of America - Housing Fund 250,422.95 0.00 0.00 250,422.95 Total Active Accounts _ 483 $76.78 0.00 (2 535.00) .461 343.7$ INVESTMENTS Successor. Successor Local Agency Investment Fund 12,015,948.18 - - 12,015,948.18 Successor CAMP Pool Account 36.090.93 - - 36,090.93 Successor U.S. Treasury Bond t Notes 1,861,418.08 - - 1,861,418.08 Successor Federal Agency Bond / Notes 1,624,007.65 - - 1,624,007.65 Successor Corporate Notes 1,587,23755 - - 1,587,237.55 Housing: Housing CAMP Pool Account 21,002.98 - - 21,002.98 Housing U.S. Treasury Bond ( Notes 1,200,617.29 - - 1,200,617.29 Housing Federal Agency Bond / Notes 2,299,949.40 - - 2,299,949.40 Housing Corporate Notes 1,390,465.45 -,_ 1 390465.45 Sub -total investments 22,036,737.51 - - 22,036,737.51 Unrealized Gain/ (Loss) at 630 -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) 56.395.67 _ _ 56,395.57 Unrealized Gain/ (Loss) at 6 -30 -12 per GASB 31 (Total) 179.874.19 -- .------ _ - _ -_ 179,874.19 Total Investments 22,216,611.70 - - 22,216,611.70 22,680,490.48 � 25, 31001 22,677,955,48 TOTAL POOLED CASH AND INVESTMENTS 22677,955.48 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. Acopy 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 July 17, 2013 Director of Administrative Sewcas Date Prepared by. N. L.assey, Finance Administrator SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE LOCAL AGENCY INVESTMENT FUND TRANSACTION SUMMARY FOR THE MONTH ENDING JUNE 300 2013 Interest Rate Purchase Date Maturity Rate 0.244% Dally 24 -Hour Binning Balance Net Increase /Decrease Endinq Balance $ 51515,948.18 $ 61500,000.00 $ 12,015,948.18 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF JUNE 30, 2013 FUND NAME Area I Area 11 Area III Housing Stadium Lease Trust Fund Total Pooled Cash & Investments 1rolwIf $7,232,634.73 71945,238.03 31191247.39 4,279,153.05 29,682.28 $ 22,677,955.48 CITY OF REPORT •. SUCCESSOR AGENCY OF THE s s, Rr Z"111 ikyjIM! r. �. ♦ rR:. 3 it 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 Z Finance Administrator Reviewed By: James R. Riley Director of Admini ative Services Approved By: Grant M. Yates Executive Director Attachments: Investment Report for July 2013 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF JULY 31, 2013 ACTLVEACCOUNTS Bank of America - Successor Agency General Bank of America - Housing Fund Total Active Amounts (INVESTMENTS Successor: Successor Local Agency Investment Fund Successor CAMP Pool Account Successor U.S. Treasury Bond / Notes Successor Federal Agency Bond / Notes Successor Corporate Notes Housing: Housing CAMP Pool Account Housing U.S. Treasury Bond / Notes Housing Federal Agency Bond / Notes Housing Corporate Notes SubAotai Investments Unrealized Gain/ (Loss) at 6 -30 -12 per GASB 31 (LAIF SUC) Unrealized Gain/ (Loss) at 6 -30 -12 per BASS 31 (CAMP SUC) Unrealized Gain/ (Loss) at 6 -30 -12 per GASB 31 (CAMP HSNG) Unrealized Gaint (Loss) at 6 -30 -12 per BASS 31 (Total) Total Investments TOTAL POOLED CASH AND INVESTMENTS BANK DEPOSITS OUTSTANG. BOOK BALANCE IN TRANSIT CHECKS _ BALANCE $91,139.29 0.00 (55,500.00) 35,639.29 250,454.86 0.00 0.00 250,454.86 341,594.15 0.00 (55500.00) 286,09415 12,019,601.08 - - 12,019,601.08 72,395.62 - - 72,395.62 1,861,418.08 - - 1,861,418.08 1,624,007.65 - - 1,624,007.65 1,567,332,75 - - 1,567,332.75 25,859.21 - - 25,859.21 1,200,617.29 - - 1,200,617.29 2,200,779.40 - - 2,200,779.40 1490,465.45 __ _ 1,490465.45 _ 22,062,476.53 - 22,062,476.53 5,613.05 - - 5,613.05 117,865.57 117,865.57 56.395.57 - - 56,395.57 179,874.19 179,874.19 22,242,350.72 - - 22,242,350.72 22,583,944.87 (55500.00) 22,528,444.87 1 1% GC_ C[.,Yi 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 Clark. The pooled investments shown above provide sufficient cash flaw liquidity to meet the next six months estimated expenditures. James R. Way Director of Administrative Servces Date Prepared by:N, Lmsey, FurunceArinurnsnalor SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE LOCAL AGENCY INVESTMENT FUND TRANSACTION SUMMARY FOR THE MONTH ENDING JULY 31, 2013 Interest Rate Purchase Date Maturity Rate 0.267% Daily 24 -Hour Beginning Balance Net Increase /Decrease Ending Balance $ 12,0151948.18 $ 31652.90 $ 12,019,601.08 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE 9101 49X*1:W*KAI Ill 71LlW; &1111711 8 k &I IYA&M ON 11 AS OF JULY 31, 2013 FUND NAME Area I Area If Area III Housing Stadium Lease Trust Fund •_ON ♦ _.!L1.._ll'M A uIRT5C0I9Pf $6,418,311.40 6,637,544.02 21589,643.44 6,661,243.73 221,702.28 $ 225528,444.87