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Home My WebLink AboutID# 14-472 Investment Report August thru December 2014OVERSIGHT BOARD OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE TO: CHAIRMAN OSTER AND MEMBERS OF THE OVERSIGHT BOARD FROM: BARBARA LEIBOLD, SUCCESSOR AGENCY COUNSEL DATE: FEBRUARY 24, 2015 SUBJECT: Investment Report - August 2014, September 2014, October 2014, November 2014 & December 2014 Recommendation: That the Oversight Board receive and file the attached Investment Report Summaries. Discussion: Attached are the Investment Report Summaries of Pooled Cash and Investments of the Successor Agency for August 2014, September 2014, October 2014, November 2014 and December 2014. Note that though such accounts include housing funds, all housing funds are held by the City as Successor Housing Agency. Prepared by: Barbara Leibold, Successor Agency Counsel Attachments: Investment Report Summaries — August 2014 September 2014 October 2014 November 2014 December 2014 Page 1 CITY OF ,joq LADE 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: SEPTEMBER 23, 2014 SUBJECT: SUCCESSOR INVESTMENT REPORT —AUGUST 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 August 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 August 2014 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF AUGUST 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 1 Notes Successor Federal Agency Bond 1 Notes Successor Corporate Notes Sub -total Investments BANK DEPOSITS BALANCE IN TRANSIT $ 420,411 $ - 420,411 4,831,643 64,164 2,306,671 1,296,961 1,518,285 10,017,623 Unrealized Gain/ (Loss) at 6 -30 -13 (LAIF SUC) 3,283 - Unrealized Gain/ (Loss) at 6 -30 -13 (CAMP SUC) (67,913) - Total Unrealized Gain/ (Loss) at 6 -30 -13 per GAS 3' (64,630 Total Investments Cashier Drawers #1 & #2 City of Lake Elsinore Petty Cash Fund TOTAL POOLED CASH AND INVESTMENTS 9,952,993 OUTSTANG. BOOK —ff-1 — nwr wwln= $ (3,750) $ 416,661 (3,750) 416,661 4,831,543 64,164 2,306,671 1,296,961 1,518,285 10,017,623 3,2133 (67,913 (64, 630) 9,952,993 $ 10,373,404 $ - $ (3,ZL01 $ 10,369,654 0.00 0.00 $ 10,369,654 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 September 15, 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 AUGUST 31, 2014 Interest Rate 0.260% Beginning Balance Purchase Date Daily Net Increase /Decrease Maturity Rate 24 -Hour Enclinq Balance $ 8,831,543 $ (4,000,000) $ 4,831,543 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF AUGUST 31, 2014 FUND NAME AMOUNT Area 1 $ 3,991,880 Area II 4,969,400 Area III 1,032,256 Housing (197,915) Stadium Trust Fund 574,034 Total Pooled Cash & Investments $ 10,369,654 * Amount due from Successor Agency Housing Fund held by the City CITY OF LA E C�PLSMORX 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: DECEMBER 9, 2014 SUBJECT: SUCCESSOR INVESTMENT REPORT -- SEPTEMBER 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 September 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 September 2014 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF SEPTEMBER 30, 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 1 Notes Successor Federal Agency Bond 1 Notes Successor Corporate Notes Sub -total Investments BANK DEPOSITS OUTSTANG. BOOK BALANCE IN TRANSIT CHECKS BALANCE $ 340,673 $ - $ (51,711) $ 288,962 340,673 - (51,711) 288,962 4,381,543 - 4,381, 543 70,376 - 70,376 2,356,725 2,356,725 1,296,961 1,296, 961 1,418,196 1,418,196 9,523,801 - 9,523, 801 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 9,530,819 - - 9,530,819 $ 9,871,493_ $ - $ (51,711) $ 9,819,782 Cashier Drawers #1 & #2 0.00 City of Lake Elsinore Petty Cash Fund 0.00 TOTAL POOLED CASH AND INVESTMENTS $ 9,819,782 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 November 24, 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 SEPTEMBER 30, 2044 Interest Rate 0.246% Beginning Balance $ 4,831,543 Purchase Date Daily Net Increase /Decrease $ (450, 000) Maturity Rate 24 -Hour Ending Balance $ 4,381,543 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF SEPTEMBER 30, 2014 FUND NAME Area 1 Area II Area III Housing Stadium Trust Fund Total Pooled Cash & Investments "Amount due from Successor Agency Housing Fund held by the City AMOUNT $ 3,264,337 4,684, 761 949,726 458,980 461,977 $ 9,819,782 CITY OF � LADE CCALSMOKE 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: DECEMBER 9, 2014 SUBJECT: SUCCESSOR INVESTMENT REPORT — OCTOBER 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 October 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 October 2014 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF OCTOBER 31, 2014 ACTIVE ACCOUNTS BANK BALANCE DEPOSITS OUTSTANG. BOOK IN TRANSIT CHECKS BALANCE Bank of America - Successor Agency General $ 523,583 $ - $ (142,501) $ 381,082 Total Active Accounts - (142,501) 381,082 523,583 INVESTMENTS Successor: Successor Local Agency Investment Fund 3,885,807 - - 3,885,807 Successor CAMP Pool Account 11,104 - 11,104 Successor U.S. Treasury Bond 1 Notes 2,312,536 - 2,312,536 Successor Federal Agency Bond 1 Notes 1,402,959 - 1,402,959 Successor Corporate Notes 1,418,196 1,418,196 Sub -total Investments 9,030,602 - - 9,030,602 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 9,037,621 - 9,037,621 9,561,204 $ (142.501) $ 9,418,703 Cashier Drawers #1 & #2 0.00 City of Lake Elsinore Petty Cash Fund 0.00 TOTAL POOLED CASH AND INVESTMENTS $ 9,418,703 1 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 December 2, 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 OCTOBER 31, 2014 Interest Rate 0.261% Beginninq Balance Purchase Date Daily Net Increase /Decrease Maturity Rate 24 -Hour Ending Balance 4,381,543 $ (495,735) $ 3,885,807 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF OCTOBER 31, 2014 FUND NAME Area Area II Area III Housing Stadium Trust Fund Total Pooled Cash & Investments * Amount due from Successor Agency Housing Fund held by the City AMOUNT $ 3,268,341 4,683,110 948,075 458,980 60,196 $ 9,418,703 CITY LAKE CDLS11-i0KE %I 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: JANUARY 13, 2015 SUBJECT: SUCCESSOR INVESTMENT REPORT — NOVEMBER 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 November 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 November 2014 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF NOVEMBER 30, 2014 ACTIVE ACCOUNTS Bank of America - Successor Agency General Total Active Accounts BANK DEPOSITS BALANCE IN TRANSIT $ 381,082 $ - 381,082 - OUTSTANG. BOOK nI n A i A kl/+ $ (51,711) $ 329,371 k- -,F Successor. Successor Local Agency Investment Fund 3,885,807 - 3,885,807 Successor CAMP Pool Account 12,309 - - 12,309 Successor U.S. Treasury Bond / Notes 2,312,536 - - 2,312,536 Successor Federal Agency Bond / Notes 1,402,959 - 1,402,959 Successor Corporate Notes 1,418,196 - 1,418,196 Sub -total investments 9,031,808 - - 9,031,808 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 Cashier Drawers #1 & #2 City of Lake Elsinore Petty Cash Fund TOTAL POOLED CASH AND INVESTMENTS 9,038,826 9,038,826 $ 9,419,908 $ - $ (51,711) $ 9,368,197 0.00 0.00 $ 9,368,197 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 _ December 17, 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 NOVEMBER 30, 2074 Interest Rate 0.261% Beginning Balance Purchase Date Daily Net Increase /Decrease Maturity Rate Pza:rem 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 NOVEMBER 30, 2014 FUND NAME Area Area II Area III Housing Stadium Trust Fund Total Pooled Cash & Investments * Amount due from Successor Agency Housing Fund held by the City AMOUNT $ 3,269,546 4,683,110 948,075 458,980 8,485 $ 9,368,197 CITY O ,1 LAKE OLSMOKE 'I 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: 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 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 I Notes Successor Federal Agency Bond / Notes Successor Corporate Notes Sub -total Investments BANK DEPOSITS OUTSTANG. BOOK BALANCE IN TRANSIT CHECKS BALANCE $ 301,550 $ - $ (51,711) $ 249,839 301,550 - (51,711) 249,839 3,885,807 3,885,807 13,961 - 13,961 2,162,343 2,162,343 1,554,663 - 1,554,663 1,418,196 1,418,196 9,034,970 - 9,034,970 Unrealized Gainl (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 9,041,988 - 9,041,988 $ 9,343,538 $ $ (51,711) 9,291,827 Cashier Drawers #1 & #2 0.00 City of Lake Elsinore Petty Cash Fund 0.00 TOTAL POOLED CASH AND INVESTMENTS $ 9,291,827 [ 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 111 944,101 Housing 458,980 Total Pooled Cash & Investments $ 9,291,827 * Amount due from Successor Agency Housing Fund held by the City