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Home My WebLink AboutInvestment Reports for January, February, & March 2015OVERSIGHT 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: MAY 26, 2015 SUBJECT: Investment Report -January 2015, February 2015 & March 2015 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 January 2015, February 2015 and March 2015. 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 — January 2015 February 2015 March 2015 Page 1 CITY OF LADE LSMOIZE BREAM EXTRIMEN 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 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF JANUARY 31, 2015 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) Total Unrealized Gain/ (Loss) at 6 -30 -14 per GASB 31 Total Investments Cashier Drawers #1 & #2 City of Lake Elsinore Petty Cash Fund TOTAL POOLED CASH AND INVESTMENTS BANK DEPOSITS BALANCE IN TRANSIT $ 5,021,942 $ 5,021,942 - 1,888,377 - 13,535 - 2,162,343 - 1,554,663 - 1,418,196 - 7,037,114 - 3,236 - 3,783 7,018 7,044,132 - OUTSTANG. BOOK CHECKS BALANCE $ (51,711) $ 4,970,231 (51,711) 4,970,231 1,888,377 13,535 2,162, 343 1,554,663 1,418,196 7,037,114 3,236 3,783 7,018 7,044,132 $ 12,066,074 $ $ (51,711) $ 12,014,363 0.00 n nn $ 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 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 CITY OF LADE CO),LSIAORE ZV 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: MARCH 24, 2015 SUBJECT: SUCCESSOR INVESTMENT REPORT —FEBRUARY 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 February 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 February 2015 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF FEBRUARY 28, 2015 BANK DEPOSITS OUTSTANG. BOOK ACTIVE ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE 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 Successor Certificate of Deposit Sub-total Investments Unrealized Gain/ (Loss) at 6 -30 -14 (LAIF SUC) Unrealized Gain/ (Loss) at 6 -30 -14 (CAMP SUC) Total Unrealized Gain/ (Loss) at 6 -30 -14 per GASS 31 Total Investments Cashier Drawers #1 & #2 City of Lake Elsinore Petty Cash Fund TOTAL POOLED CASH AND INVESTMENTS $ 1,604,557 $ - $ (56,972) $ 1,547,585 1,604,557 - (56,972) 1,547,585 1,888,377 - - 1,888,377 22,017 - - 22,017 2,170,075 - - 2,170,075 1,454,693 - - 1,454,693 1,418,196 - - 1,418,196 100,000 - - 100,000 7,053,357 - - 7,053,357 3,236 - - 3,236 3,783 - - 3,783 7,018 7,018 7,060,376 - - 7,060,376 $ 8,664,933 $ $ (56,972) $ 8,607,961 ... $ 8,607,961 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 March 16, 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 FEBRUARY 28, 2015 Interest Rate 0.266% Beginning Balance Purchase Date Daily Net Increase /Decrease Maturity Rate 24 -Hour Ending Balance 1,888,377 $ $ 1,888,377 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF FEBRUARY 28, 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 1,394, 597 4,748,423 1,005,127 458,980 1,000,834 $ 8,607,961 CITY OF ins LAKE CoqLSMORE 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: APRIL 28, 2015 SUBJECT: SUCCESSOR INVESTMENT REPORT— MARCH 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 March 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: Jason P. Simpson Director of Administrative Services Approved By: Grant M. Yates Executive Director Attachments: Investment Report for March 2015 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF MARCH 31, 2015 Cashier Drawers #1 & #2 0.00 City of Lake Elsinore Petty Cash Fund 0.00 TOTAL POOLED CASH AND INVESTMENTS $ 7,134.732 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 April 15, 2015 Director of Administrative Services Date BANK DEPOSITS OUTSTANG. BOOK ACTIVE ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank of America - Successor Agency General $ 122,139 $ - $ (51,711) $ 70,428 Total Active Accounts - (51,711) 70,428 122,139 INVESTMENTS Successor: Successor Local Agency Investment Fund 1,888,377 - - 1,888,377 Successor CAMP Pool Account 16,969 - - 16,969 Successor U.S. Treasury Bond / Notes 2,250,065 - - 2,250,065 Successor Municipal Bond / Notes 30,084 - - 30,084 Successor Federal Agency Bond / Notes 1,353,594 - - 1,353,594 Successor Corporate Notes 1,418,196 - - 1,418,196 Successor Certificate of Deposit 100,000 - - 100,000 Sub -total Investments 7,057,285 - - 7,057,285 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 7,064,304 - - 7,064,304 $ 7,186,443 $ $ (51711) $ 7,134,732 Cashier Drawers #1 & #2 0.00 City of Lake Elsinore Petty Cash Fund 0.00 TOTAL POOLED CASH AND INVESTMENTS $ 7,134.732 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 April 15, 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 MARCH 31. 2015 Interest Rate 0.278% Beginning Balance Purchase Date Daily Net Increase /Decrease Maturity Rate 24 -Hour Ending Balance 1,888,377 $ $ 1,888,377 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF MARCH 31, 2016 FUND NAME Area I Area II Area III Stadium Trust Fund AMOUNT 1,441,974 3,898,076 1,002,276 792,406 Total Pooled Cash & Investments $ 7,134,732