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Home My WebLink AboutID# 15-770 Investment Report - April 2015 & May 2015OVERSIGHT BOARD OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LANCE ELSINORE TO: CHAIRMAN OSTER AND MEMBERS OF THE OVERSIGHT BOARD FROM: BARBARA LEIBOLD, SUCCESSOR AGENCY COUNSEL DATE: SEPTEMBER 22, 2015 SUBJECT: Investment Report -April 2015 &May 2015 Recommendation: That the Oversight Board receive and file the attached April and May 2015 Investment Report Summaries. Discussion: Attached are the Investment Report Summaries of Pooled Cash and Investments of the Successor Agency for April 2015 and May 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 — April 2015 May 2015 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: MAY 26, 2015 SUBJECT: SUCCESSOR INVESTMENT REPORT —APRIL 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 April 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 April 2015 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF APRIL 30, 2015 7,0 820 $ $, (611 7,093,758 Cashier Drawers #1 & #2 0.00 City of Lake Elslncre Petty Cash Fund 0.00 TOTAL POOLED CASH AND INVESTMENTS wLI193.6718 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 May 19, 2016 Director of Administrative Services Date BANK DEPOSITS OUTSTANG, BOOK ACTIVE ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank of America - Successor Agency General $ 126,636 $ - $ (61) $ 128,574 Total Active Accounts - (61) 126,574 126,636 INVESTMENTS Successor: Successor Local Agency Investment Fund 1,789,7BB - 1,789,788 Successor CAMP Poel Account 34,924 34,924 Successor U.S. Treasury Band / Notes 2,398,114 Y 2,398,114 Successor Municipal Bond 1 Notes 30,084 - - 30,084 Successor Federal Agency Collateralized Mortgage 25,250 25,250 Successor Federal Agency Bond / Notes 1,163,811 - 1,163,811 Successor Corporate Notes 1,418,196 1,418,196 Successor Certificate of Deposit i00,00o - 100,000 Sub -total Investments 6,960,166 6,960,166 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 6,967,184 - 6,967,184 7,0 820 $ $, (611 7,093,758 Cashier Drawers #1 & #2 0.00 City of Lake Elslncre Petty Cash Fund 0.00 TOTAL POOLED CASH AND INVESTMENTS wLI193.6718 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 May 19, 2016 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, 2015 Interest Rate Purchase Date Maturity Rate 0.283% Daily 24 -Hour Beginning Balance Net increase /Decrease Ending Balance $ 1,888,377 $ (98,590) $ 1,789,788 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF APRIL 34, 2016 FUND NAME AMOUNT Area 1 $ 1,418,849 Area 11 3,910,131 Area 111 1,001,966 Stadium Trust Fund 762,812 Total Pooled Cash & Investments $ 7,093,758 CITY OF LAKE L S I IYOR�E GxTREMEH 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 23, 2015 SUBJECT: SUCCESSOR INVESTMENT REPORT —MAY 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 May 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 May 2015 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF MAY 31, 2015 TOTAL POOLED CASH AND INVESTMENTS $ 6.839.499 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 an 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 June 16, 2015 Director of Administrative Services Date BANK DEPOSITS OUTSTANG. BOOK ACTIVE ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank of America- Successor Agency General $ 1,619,348 $ - $ (52,281) $ 1,667.067 Total Active Accounts - (52,281) 1,567,067 1,619,348 INVESTMENTS Successor: Successor Local Agency Investment Fund 89,788 - 89,788 Successor CAMP Pool Account 55,157 - - 55,167 Successor U.S. Treasury Bond I Notes 2,283,119 - 2,283,149 Successor Municipal Bond 1 Notes 30,084 - 30,084 Successor Federal Agency Collateralized Mortgage 25,250 - 25,250 Successor Federal Agency Bond I Notes 1,163;811 1,163,811 Successor Corporate Notes 1,418,196 1,418,196 Successor Certificate of Deposit 200,000 - 204,000 Sub -total Investments 5,265,414 - 5,265,414 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 GASS 31 7,016 7,018 Total Investments 5,272,432 5,272,432 $ 6,891,780 281 $ 8,839,499_ Cashier Drawers #1 & #2 0,00 City of Lake Elsinore Petty Cash Fund 0.00 TOTAL POOLED CASH AND INVESTMENTS $ 6.839.499 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 an 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 June 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 MAY 31, 2015 Interest Rate Purchase Date Maturity Rate 0.290% Daily 24 -Hour Beginning Balance Net Increase /Decrease Ending Balance $ 1,789,788 $ (1,700,000) $ 89,788 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF MAY 31, 2015 FUND NAME Area I Area II Area III Stadium Trust Fund Total Pooled Cash & Investments AMOUNT $ 1,395,464 3,803,185 1,000,706 640,144 $ 6,839,499