HomeMy WebLinkAbout14-070 SA Investment Report for December 2013CITY OF -s
LADE
Cog LSIIYORE
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: April 8, 2014
SUBJECT: INVESTMENT REPORT— DECEMBER 2013
Recommendation
It is recommended that the Members of the Successor Agency of the Redevelopment
Agency of the City of Lake Elsinore receive and file the Investment Report for
December 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
Finance Administrator
Approved By: Jason P. Simpson
Director of Administrative Services
Approved By: Grant M. Yates
Executive Director
Attachments: Investment Report for December 2013
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF DECEMBER 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 GASS 31 (Total)
Total investments
1( i] il11111Zd0 ]RMOX4ER9Jd2L71Z18LX91di114 $169
BANK DEPOSITS OUTSTANG. BOOK
BALANCE INTRANSIT CHECKS BALANCE
$ 197,050 $ $ - $ 197,050
197,050 - - 197,050
3,726,265
20,897
1,774,187
1,465,907
1,592,631
249.697
8,829,583
3,283
64,630)
8,764,953
3,726,265
20,897
1,774,187
1,465,907
1,592,631
249,697
— - -- 8,829,583
3,283
(67,913
(64,630)
8,764,953
$ 8,962,004 $ - $ $ 8,962,004
$ 8,962,004
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.
as<
March 31, 2014
Director of Administrative Services Dale
Prepared by N. Lassey, Finance Administrator
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
LOCAL AGENCY INVESTMENT FUND
TRANSACTION SUMMARY
FOR THE MONTH ENDING DECEMBER 31, 2013
Interest Rate Purchase Date Maturity Rate
0.264% Daily 24 -Hour
Beginning Balance Net Increase /Decrease Ending Balance
$ 3,926,265 $ (200,000) $ 3,726,265
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
POOLED CASH AND INVESTMENTS BY FUND
AS OF DECEMBER 31, 2013
FUND NAME
Area I
Area II
Area III
Housing
Stadium Lease Trust Fund
AMOUNT
$ 3,700,003
4,742,350
132,590
383,611
3,449
Total Pooled Cash & Investments $ 8,962,004
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
SUMMARY OF POLICY LIMITATIONS
FOR THE MONTH ENDING DECEMBER 31, 2013
TYPES OF SECURITIES
U.S. Treasury Bills
U.S. Treasury Bond I Notes
Federal Agency Bond ! Notes
Banker's Acceptances
Certificates of Deposit
Negotiable Certificates of Deposits
Commercial Paper
Current Balance
Current Balance
Current Balance
Medium Term Corporate Notes
Current Balance
Repurchase Agreements
Reverse Repurchase Agreements
LAW (Local Agency Investment Fund)
Current Balance
CAMP -Pooled Sweep Account
Current Balance
TOTAL
DIVERSIFICATION
PERCENTAGE
0.00%
20.09%
16.60%
0.00%
0.00%
0.00%
2.83%
18.04%
0.00%
0.00%
MAXIMUM
PERCENTAGE
UNLIMITED
UNLIMITED
$ 1,774,167
UNLIMITED
$ 1,465,907
25.00%
30.00%
15.00%
$ 249,697
30.00%
$ 1,592,631
UNLIMITED
20.00%
42.20%
UNLIMITED
$
3,726,265
0.24%
UNLIMITED
$
20,897.03
8,829,583
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 Poop'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.
CITY OF
LADE LSII`IOIZE
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Successor Agency of the Redevelopment Agency
CAMP Account
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