HomeMy WebLinkAbout1-28-14 Investment Report Nov. 2013CITY OF
LA ICE LS I NOISE
DREAM EXTREME»
REPORT TO SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
TO: HONORABLE AGENCY CHAIRMAN
AND MEMBERS OF THE SUCCESSOR AGENCY
FROM: GRANT M. YATES
EXECUTIVE DIRECTOR
DATE: JANUARY 28, 2014
SUBJECT: INVESTMENT REPORT— NOVEMBER 2013
Recommendation
It is recommended that the Successor Agency of the Redevelopment Agency of the City
of Lake Elsinore receive and file the Investment Report for November 2013.
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
Acting Finance Manager
Approved By: Grant M. Yates
Executive Directorr
Attachments: Investment Report for November 2013
AGENDA ITEM NO. SA3
Page 1 of 22
Page 2 of 22
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF NOVEMBER 31, 2013
ACTIVE ACCOUNTS
Bank of America - Successor Agency General
Total Active Accounts
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
Successor Commercial Paper
Sub -total Investments
Unrealized Gain/ (Loss) at 6 -30 -13 per GASB 31 (LAIF SUC)
Unrealized Gain/ (Loss) at 6 -30 -13 per GASB 31 (CAMP SUC)
Unrealized Gain/ (Loss) at 6 -30 -13 per GASB 31 (Total)
Total Investments
TOTAL POOLED CASH AND INVESTMENTS
BANK
DEPOSITS
OUTSTANG.
BOOK
BALANCE
IN TRANSIT
CHECKS
BALANCE
$85,229.91
- - 3,926,264.51
0.00
(58,372.00)
1,774,186.63
26,857.91
1,440,314.62
- - 1,440,314.62
1,592,631.00
- - 1,592,631.00
249,696.67
249,696.67
9,015,543.33
- - 9,015,543.33
85,229.91
- - 3,282.84
0.00
(58,372.00)
26,857.91
3,926,264.51
- - 3,926,264.51
32,449.90
- - 32,449.90
1,774,186.63
- - 1,774,186.63
1,440,314.62
- - 1,440,314.62
1,592,631.00
- - 1,592,631.00
249,696.67
249,696.67
9,015,543.33
- - 9,015,543.33
3,282.84
- - 3,282.84
(67,912.60)
- - (67,912.60)
(64,629.76) (64,629.76)
8,950,913.57 - - 8,950,913.57
9,036,143.48 (58,372.00) 8,977,771.48
8,977,771.48
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
Successor Agency of the Redevelopment Agency on November 12, 2013. 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.
Nancy
L. Lassey
January
13,
2014
Acting
Finance Manager
Date
Prepared by: N. Lassey, Finance Administrator
Page 3 of 22
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
LOCAL AGENCY INVESTMENT FUND
TRANSACTION SUMMARY
FOR THE MONTH ENDING NOVEMBER 31, 2013
Interest Rate
0.263%
Beginning Balance
Purchase Date
Daily
Net Increase /Decrease
Maturity Rate
24 -Hour
Ending Balance
$ 319262264.51 $ $ 31926,264.51
Page 4 of 22
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
POOLED CASH AND INVESTMENTS BY FUND
AS OF NOVEMBER 31, 2013
FUND NAME
Area I
Area II
Area III
Housing
Stadium Lease Trust Fund
Total Pooled Cash & Investments
/ IT11619►1t1
$326905360.05
45760,032.88
140,318.15
383, 611.25
3,449.15
$ 81977,771.48
Page 5 of 22
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
SUMMARY OF POLICY LIMITATIONS
FOR THE MONTH ENDING NOVEMBER 31, 2013
DIVERSIFICATION MAXIMUM
TYPES OF SECURITIES PERCENTAGE PERCENTAGE
U.S. Treasury Bills 0.00% UNLIMITED
U.S. Treasury Bond / Notes
19.68%
UNLIMITED
Current
Balance
$
12774,186.63
Federal Agency Bond / Notes
15.98%
UNLIMITED
Current
Balance
$
1,440,314.62
Banker's Acceptances
0.00%
40.00%
Certificates of Deposit
0.00%
25.00%
Negotiable Certificates of Deposits
0.00%
30.00%
Commercial Paper
2.77%
15.00%
Current
Balance
$
249,696.67
Medium Term Corporate Notes
17.67%
30.00%
Current
Balance
$
12592,631.00
Repurchase Agreements
0.00%
UNLIMITED
Reverse Repurchase Agreements
0.00%
20.00%
LAW (Local Agency Investment
Fund)
43.55%
UNLIMITED
Current
Balance
$
31926,264.51
CAMP - Pooled Sweep Account
0.36%
UNLIMITED
Current
Balance
$
32,449.90
TOTAL
91015,543.33
100.00%
$
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.
Page 6 of 22
CITY OF
LADE LSINOKE
DREAM EXTREME»
Successor Agency of the Redevelopment Agency
CAMP Account
Page 7 of 22
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