HomeMy WebLinkAboutID# 14-468 SA Investment Report for January 2015CITY OFD
LADE ?,I LSII` ORE
` 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: FEBRUARY 24, 2015
SUBJECT: SUCCESSOR INVESTMENT REPORT — JANAURY 2015
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 January
2015.
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: David Bilby
Finance Manager
Approved By: Grant M. Yates
Executive Director
Attachments: Investment Report for January 2015
CITY OF
LADE LSINOIZE
DREAM EXTREME.
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY
INVESTMENT REPORT
JANUARY 2015
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF JANUARY 31, 2015
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 February 18, 2015
Director of Administrative Services Date
BANK
DEPOSITS OUTSTANG.
BOOK
ACTIVE ACCOUNTS
BALANCE
IN TRANSIT CHECKS
BALANCE
Bank of America- Successor Agency General $
5,021,942
$ - $ (51,711)
$ 4,970,231
Total Active Accounts
- (51,711)
4,970,231
5,021,942
INVESTMENTS
Successor:
Successor Local Agency Investment Fund
1,888,377
- -
1,888,377
Successor CAMP Pool Account
13,535
- -
13,535
Successor U.S. Treasury Bond / Notes
2,162,343
- -
2,162,343
Successor Federal Agency Bond / Notes
1,554,663
- -
1,554,663
Successor Corporate Notes
1,418,196
- -
1,418,196
Sub -total Investments
7,037,114
- -
7,037,114
Unrealized Gain/ (Loss) at 6 -30 -14 (LAIF SUC)
3,236
- -
3,236
Unrealized Gain/ (Loss) at 6 -30 -14 (CAMP SUC)
3,783
- -
3,783
Total Unrealized Gain/ (Loss) at 6 -30 -14 per GASB 31
7,018
7,018
Total Investments
7,044,132
- -
7,044,132
$
12,066,074
$ $ (51,711)
$ 12,014,363
Cashier Drawers #1 & #2
0.00
City of Lake Elsinore Petty Cash Fund
0.00
TOTAL POOLED CASH AND INVESTMENTS
$ 12,014,363
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 February 18, 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 JANUARY 31, 2015
Interest Rate Purchase Date Maturity Rate
0.262% Daily 24 -Hour
Beginning Balance Net Increase /Decrease Ending Balance
$ 3,885,807 $ (1,997,430) $ 1,888,377
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
POOLED CASH AND INVESTMENTS BY FUND
AS OF JANUARY 31. 2015
FUND NAME
Area I
Area II
Area III
Housing
Stadium Trust Fund
Total Pooled Cash & Investments
Amount due from Successor Agency Housing Fund held by the City
AMOUNT
$ 2,839,368
6,062,418
1,600,438
458,980
1,053,159
$ 12,014,363
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
SUMMARY OF POLICY LIMITATIONS
FOR THE MONTH ENDING JANUARY 31, 2015
DIVERSIFICATION MAXIMUM
TYPES OF SECURITIES PERCENTAGE PERCENTAGE
U.S. Treasury Bills 0.00% UNLIMITED
U.S. Treasury Bond / Notes
30.73%
UNLIMITED
Current Balance
$
2,162,343
Federal Agency Bond / Notes
22.09%
UNLIMITED
Current Balance
$
1,554,663
Banker's Acceptances
0.00%
40.00%
Certificates of Deposit
0.00%
25.00%
Negotiable Certificates of Deposits
0.00%
30.00%
Commercial Paper
0.00%
15.00%
Medium Term Corporate Notes
20.15%
30.00%
Current Balance
$
1,418,196
Repurchase Agreements
0.00%
UNLIMITED
Reverse Repurchase Agreements
0.00%
20.00%
LAW (Local Agency Investment Fund)
26.83%
UNLIMITED
Current Balance
$
1,888,377
CAMP -Pooled Sweep Account
0.19%
UNLIMITED
Current Balance
$
13,535
TOTAL
100.00%
$
7,037,114
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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