HomeMy WebLinkAbout14-171 SA Investment Report - April 2014CITY OF
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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: JUNE 10, 2014
SUBJECT: INVESTMENT REPORT — APRIL 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 April 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 April 2014
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF APRIL 30, 2014
BANK DEPOSITS OUTSTANG.
BOOK
ACTIVE ACCOUNTS
BALANCE IN TRANSIT CHECKS
BALANCE
Bank of America - Successor Agency General
$ 3,134,072 $ $
$ 3,134,072
Total Active Accounts
3,134,072 - -
3,134,072
INVESTMENTS
Successor:
Successor Local Agency Investment Fund
2,030,370 - -
2,030,370
Successor CAMP Pool Account
12,874 - -
12,874
Successor U.S. Treasury Bond / Notes
2,194,837 - -
2,194,837
Successor Federal Agency Bond / Notes
1,317,340 - -
1,317,340
Successor Corporate Notes
1,592,631 - -
1,592,631
Sub -total Investments
7,148,051
7,148,051
Unrealized Gain/ (Loss) at 6 -30 -13 (LAIF SUC) 3,283
Unrealized Gain/ (Loss) at 6 -30 -13 (CAMP SUC) (67,913)
3,283
(67,913)
Total Unrealized Gain/ (Loss) at 6 -30 -13 per GASB 3 (64,630) (64,630)
Total Investments 7,083,422 7,083,422
$ 10,217,493 $ $ $ 10,217,493
Cashier Drawers #1 & #2
City of Lake Elsinore Petty Cash Fund
TOTAL POOLED CASH AND INVESTMENTS
W W# II
. ..
$ 10,217,493
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 28, 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 APRIL 30, 2014
Interest Rate Purchase Date Maturity Rate
0,233% Daily 24 -Hour
Beginning
Balance
Net Increase /Decrease
Ending Balance
$
2,028,762
$ 1,608
$ 2,030,370
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
POOLED CASH AND INVESTMENTS BY FUND
AS OF APRIL 30, 2014
FUND NAME
Area I
Area II
Area III
Housing
Stadium Trust Fund
Total Pooled Cash & Investments
AMOUNT
$ 4,330,112
5,028,630
595,485
171,513
91.753
$ 10,217,493
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
SUMMARY OF POLICY LIMITATIONS
FOR THE MONTH ENDING APRIL 30, 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
30.71%
UNLIMITED
$ 2,194,837
18.43%
UNLIMITED
$ 1,317,340
0.00%
40.00%
0.00%
25.00%
0.00%
30.00%
0.00%
15.00%
22.28% 30.00%
$ 1,592,631
0.00% UNLIMITED
0.00% 20.00%
28.40% UNLIMITED
$ 2,030,370
0.18% UNLIMITED
$ 12,874.41
100.00% $ 7,148,051
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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