HomeMy WebLinkAboutID# 14-433 SA Successore Investment Report for December 2014CITY OF
LADE C LSINOR E
DREAM EXTRF.MF.n
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 27, 2015
SUBJECT: SUCCESSOR INVESTMENT REPORT— DECEMBER 2014
Recommendation
Staff recommends 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
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: David Bilby
Finance Manager
Approved By: Grant M. Yates
Executive Director
Attachments: Investment Report for December 2014
CITY OF
LADE LSINORE
DREAM EXTRE-MEn
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY
INVESTMENT REPORT
DECEMBER 2014
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF DECEMBER 31, 2014
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
Sub -total Investments
Unrealized Gain/ (Loss) at 6 -30 -14 (LAIF SUC)
Unrealized Gain/ (Loss) at 6 -30 -14 (CAMP SUC)
BANK
BALANCE
DEPOSITS OUTSTANG. BOOK
IN TRANSIT CHECKS BALANCE
$ 301,550 $
301,550
3,885,807
13,961
2,162,343
1,554,663
1,418,196
9,034,970
3,236
3,783
$ (51,711) $ 249,839
(51,711) 249,839
- 3,885,807
- 13,961
- 2,162,343
- 1,554,663
- 1,418,196
9,034,970
3,236
3,783
Total Unrealized Gain/ (Loss) at 6 -30 -14 per GASB 31 7,018 7,018
Total Investments 9,041,988 - - 9,041,988
$ 9.343,538 $ $ (51,711) $ 9,291,827
Cashier Drawers #1 & #2
City of Lake Elsinore Petty Cash Fund
TOTAL POOLED CASH AND INVESTMENTS
0.00
0.00
$ 9,291827
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.
Jason P. Simpson January 21, 2015
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 DECEMBER 31, 2014
Interest Rate Purchase Date Maturity Rate
0.267% Daily 24 -Hour
Beginning Balance Net Increase /Decrease Ending Balance
$ 3,885,807 $ $ 3,885,807
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
POOLED CASH AND INVESTMENTS BY FUND
AS OF DECEMBER 31, 2014
FUND NAME AMOUNT
Area 1 $ 3,195,527
Area II 4,693,219
Area III 944,101
Housing 458,980
Total Pooled Cash & Investments $ 9,291,827
* Amount due from Successor Agency Housing Fund held by the City
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
SUMMARY OF POLICY LIMITATIONS
FOR THE MONTH ENDING DECEMBER 31, 2014
TYPES OF SECURITIES
U.S. Treasury Bills
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
LAIF (Local Agency Investment Fund)
Current Balance
CAMP - Pooled Sweep Account
Current Balance
TOTAL
DIVERSIFICATION MAXIMUM
PERCENTAGE PERCENTAGE
0.00% UNLIMITED
23.93% UNLIMITED
$ 2,162,343
17.21% UNLIMITED
$ 1,554,663
0.00% 40.00%
0.00% 25.00%
0.00% 30.00%
0.00% 15.00%
15.70% 30.00%
$ 1,418,196
0.00% UNLIMITED
0.00%
20.00%
43.01%
UNLIMITED
$
3,885,807
0.15%
UNLIMITED
$
13,961
9,034,970
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.
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