HomeMy WebLinkAbout14-153 SA Investment Report for March 2014CITY OF
LADE LSINORE
- - -�M DREAM FXFRFME.
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: MAY 27, 2014
SUBJECT: INVESTMENT REPORT —MARCH 2014
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 March 2014.
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.
Although the report includes the housing fund account, all housing funds are held by the
City as the Successor Housing Agency.
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 March 2014
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF MARCH 31, 2014
Cashier Drawers #1 & #2
City of Lake Elsinore Petty Cash Fund
TOTAL POOLED CASH AND INVESTMENTS
W WI II
. ..
$ 12,353,981
I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approve
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.
Jason P. Simpson May 20, 2014
Director of Administrative Services Date
BANK
DEPOSITS OUTSTANG.
BOOK
ACTIVE ACCOUNTS
BALANCE
IN TRANSIT CHECKS
BALANCE
Bank of America - Successor Agency General
$ 5,437,890
$ (1,000) $
$ 5,436,890
Total Active Accounts
5,437,890
(1,000)
5,436,890
INVESTMENTS
Successor:
Successor Local Agency Investment Fund
2,028,762
-
2,028,762
Successor CAMP Pool Account
57,362
-
57,362
Successor U.S. Treasury Bond / Notes
1,801,432
- -
1,801,432
Successor Federal Agency Bond / Notes
1,603,699
-
1,603,699
Successor Corporate Notes
1,490,465
-
1,490,465
Sub -total Investments
__'6.9811,720
6,981,720
Unrealized Gain/ (Loss) at 6 -30 -13 (LAIF SUC)
3,283
3,283
Unrealized Gain/ (Loss) at 6 -30 -13 (CAMP SUC)
(67,913)
(67,913)
Total Unrealized Gain/ (Loss) at 6 -30 -13 per GASB
3 (64,630)
(64,630)
Total Investments
6,917,090
6,917,090
$ 12,354,981
$ (1,000) $
$ 12,353,981
Cashier Drawers #1 & #2
City of Lake Elsinore Petty Cash Fund
TOTAL POOLED CASH AND INVESTMENTS
W WI II
. ..
$ 12,353,981
I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approve
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.
Jason P. Simpson May 20, 2014
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 MARCH 31, 2014
Interest Rate
0.236%
Beginning Balance
Purchase Date
Daily
Net Increase /Decrease
Maturity Rate
Pze:rem
Ending Balance
2,028,762 $ $ 2,028,762
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
POOLED CASH AND INVESTMENTS BY FUND
AS OF MARCH 31, 2014
FUND NAME AMOUNT
Area 1 $ 4,464,023
Area II 5,591,667
Area III 640,827
Housing 1,462,289
Stadium Trust Fund 195,175
Total Pooled Cash & Investments $ 12,353,981
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
SUMMARY OF POLICY LIMITATIONS
FOR THE MONTH ENDING MARCH 31, 2014
DIVERSIFICATION MAXIMUM
TYPES OF SECURITIES PERCENTAGE PERCENTAGE
U.S. Treasury Bills 0.00% UNLIMITED
U.S. Treasury Bond / Notes
Current Balance
Federal Agency Bond / Notes
Current Balance
Banker's Acceptances
Certificates of Deposit
Negotiable Certificates of Deposits
Commercial Paper
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
25.80%
UNLIMITED
UNLIMITED
2,028,762
$
1,801,432
22.97%
57,362.18
UNLIMITED
6,981,720
$
1,603,699
0.00%
40.00%
0.00%
25.00%
0.00%
30.00%
0.00%
15.00%
21.35%
30.00%
$
1,490,465
0.00%
UNLIMITED
0.00%
20.00%
29.06%
UNLIMITED
$
2,028,762
0.82%
UNLIMITED
$
57,362.18
100.00% $
6,981,720
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.
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