The URL can be used to link to this page

Home My WebLink About0001_2_A - Investment Report June 2016CITY OFA f LAY-Ti5FLS11'10R,,E 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: JULY 26, 2016 SUBJECT: INVESTMENT REPORT FOR JUNE 2016 Recommendation Receive and file the Investment Report for June 2016. Discussion The Investment Report is a listing of all funds invested for the City of Lake Elsinore and includes funds held for the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore as of the date shown on the report. Additionally, the Review of the Investment Performance for the First Quarter of 2016 is included, followed by a special report regarding the Brexit upheaval. Prepared By: Andrew Zavala Account Specialist II Approved By: Jason P. Simpson Director of Administrative Services Approved By: Grant M. Yates Executive Director Attachments: Investment Report for June 2016 CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF JUNE 30, 2016 BANK DEPOSITS OUTSTANDING BOOK CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank Accounts: General Checking Account $ 1,508,198 $ 919,803 $ (763,653) $ 1,664,349 Cash On Hand: Cashier Drawers #1 & #2 - 300 City of Lake Elsinore Petty Cash Fund - - - 1,000 Total Cash Accounts 1,508,198 919,803 (763,653) 1,665,649 INVESTMENTS City Investments: City Local Agency Investment Fund 18,571,014 - - 18,571,014 City Local Agency Investment Fund for the PFA 329,987 329,987 City CAMP Investments: CAMP Pool Account 76,466 - 76,466 U.S. Treasury Bond / Note 13,797,640 13,797,640 Municipal Bond 1 Note 280,464 - - 290,464 Federal Agency Collateralized Mortgage Obligation 530,253 - 530,253 Federal Agency Bond / Note 3,325,513 3,325,513 Corporate Note 7,094,776 7,094,776 Certificate of Deposit 4,650,000 - - 4,650,000 Housing CAMP Investments: Housing CAMP Pool Account 18,217 - 18,217 Housing U.S. Treasury Bond 1 Notes 2,360,568 - - 2,360,568 Housing Municipal Bond 1 Notes 30,084 30,084 Housing Federal Agency Collateralized Mortgage 95,951 95,951 Housing Federal Agency Bond / Notes 829,781 - - 829,781 Housing Corporate Notes 1,318,456 - 1,318,456 Housing Certificate of Deposit 400,000 400,000 Successor investments: Successor Local Agency Investment Fund 3,990,550 3,990,550 Successor CAMP Investments: Successor CAMP Pool Account 15,168 15,168 Successor U.S. Treasury Bond 1 Notes 2,683,824 2,683,824 Successor Municipal Bond / notes 30,084 30,084 Successor Federal Agency Collaterized Mortgage 95,951 95,951 Successor Federal Agency Bond ! Notes 904,711 904,711 Successor Corporate Notes 1,120,612 1,120,612 Successor Certificate of Deposit 400,000 - - 400,000 Sub -total Investments 62,960,068 - 62,960,068 Market Value Adjustment: Unrealized Gain/ (Loss) at 06-30-15 City 4,631 - 4,631 Unrealized Gain/ (Loss) at 06-30-15 SARDA 13,632 - - 13,632 Total Unrealized Gain! (Loss) at 06-30-15 per GASB 31 18,263 18,263 Total Investments 62,978,331 - 62,978,331 Total Pooled Cash and Investments $ 64,486,529 $ 919,803 $ (763,653) $ 64,643,979 TOTAL POOLED CASH AND INVESTMENTS $ 64.643.979 1 certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on June 16, 2016. A copy of this policy is available in the office of the City C[erk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures. Jason P. Simpson July 18, 2016 Director of Administrative Services Date CITY OF LAKE ELSINORE LOCAL AGENCY INVESTMENT FUND TRANSACTION SUMMARY FOR THE MONTH ENDING JUNE 30, 2016 Yield Purchase Date Maturity Rate 0.576% Daily 24 -Hour Agency Beginning Balance Net Increase/(Decrease) Endina Balance City $ 20,371,014 $ (1,800,000) $ 18,571,014 City for the PFA $ 329,987 $ - $ 329,987 Successor Agency $ 90,550 $ 3,900,000 $ 3,990,550 Total Investments Held with Local Agency Investment Fund: $ 20,791,550 $ 2,100,000 $ 22,891,550 Note: Per California State Treasurer, LAIF Statute 16429.1: Separate accounts for each governmental unit shall be maintained. LAIF accounts are subject to a $65 million cap per agency. CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF JUNE 30, 2016 FUND NO FUND NAME 100 General Fund 101 Supplemental Law Enforcement Fund 104 Traffic Offender Fund 106 Affordable Housing In Lieu Fund 107 Developer Agreement Revenue 110 State Gas Tax Fund 112 Measure A Fund 114 SIB 1186 CAS Education Program Fund 115 Traffic Safety Fund 116 City Hall -Public Works DIF Fund 117 Community Center DIF Fund 118 Lake Side Facility DIF Fund 120 Camino Del Norte DIF 121 T.R.I.P.-2014A 130 Lighting & Landscape Maintenance Fund - City-wide 135 Lighting & Landscape Maintenance Fund - Dist. No. 1 140 Geothermal Fund 155 CSA152 -- N. P. D.E.S. 160 PEG Grant Fund 205 Traffic Impact Fee Fund 211 Storm Drain C.I.P. Fund 221 Quimby Park C.I.P. Fund 231 Library C.I.P. Fund 232 City Fire Protection Fund 254 AD 89-1 Railroad Canyon Rd. Improvement Fund 268 CFD 2006-2 Viscaya Improvement 269 CFD 2004-3 IA -1 Improvement 285 CFD 2004-3 IA -2 Improvement 310 Support Service 320 Facilities Service 331 CFD 2006-1 CC Summerly Improvement Area CC 332 CFD 2006-1 Improvement Area B, Summerly 333 CFD 2015-3 Terracina 334 CFD 2015-5 Trieste - Far West Industries 342 CFD 2007-5 Red Kite Service Fund 343 CFD 2006-2S Viscaya Services 344 CFD 2005-2 Alberhili Ranch Services Fund 345 CFD 2003-2S Improvement Area D, Canyon Hills 346 CFD 2014-1 Southshore Debt Service Fund 347 CFD 2006-1 Improvement Area A, Summedy 350 CFD 98-1 Summerhill Debt Service Fund 352 AD 86-1 Debt Service Fund 354 CFD 90-2 Successor RDA Debt Service Fund 356 AD 90-1A Debt Service Fund 357 CFD 2003-2 Canyon Hills Debt Service Fund IAiLC6l1101k0 9,683,630 33,333 16,605 2,700,606 1,471,966 1,860,973 918,176 5,645 187,804 1,140,868 516,594 606,718 110 6,265 55,095 455,434 19,718 98,881 12,396 3,658,667 3,399,212 16,720 1,695,021 201,058 126,253 217 250,682 4,318,062 261,423 112,209 38,798 13,712 24,508 45,158 2,674 41,173 113,938 27,765 62,500 19,452 28,149 655,943 21,274 3 45,125 CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF JUNE 30, 2016 FUND NO FUND NAME AMOUNT 366 CFD 2005-6 City Center Townhomes Debt Service Fund 33,766 367 CFD 2005-3 Summerly Debt Service Fund 209,520 368 CFD 2006-2 Viscaya Debt Service Fund 34,025 369 CFD 2004-3 Area 1 Rosetta Canyon Debt Service Fund 33,282 371 CFD 2005-1 Serenity Debt Service Fund 22,941 372 CFD 2005-2 Alberhill Ranch Debt Service Fund 13,627 374 CFD 2005-4 Lakeview Villas Debt Service Fund 45,671 375 CFD 2006-4 Tract No. 30698 & 32129 Debt Service Fund 17,102 376 CFD 2006-3 La Strada Debt Service Fund 22,023 377 CFD 2006-6 Tessara Debt Service Fund 10,603 378 CFD 2006-8 Tract No. 31957 Debt Service Fund 41,743 384 CFD 2003-2 Area B Canyon Hills Debt Service Fund 44,676 385 CFD 2004-3 Area 2 Rosetta Canyon Debt Service Fund 41,743 386 CFD 2007-4 Mekenna Debt Service Fund 9,891 387 CFD 2007-5 Red Kite Debt Service Fund 65,376 388 CFD 2007-6 Holiday Inn Debt Service Fund 3,703 389 CFD 88-3 (2008A) West Lake Elsinore Debt Service Fund 29,807 390 CFD 2003-2 Area C Canyon Hills Debt Service Fund 45,810 392 CFD 95-1 City Center Debt Service Fund 22,749 393 AD 93-1 Debt Service Fund 29,128 394 CFD 2005-5 (2012A) Wasson Canyon Debt Service Fund 27,406 510 Successor Agency RDA Area 1 973,113 520 Successor Agency RDA Area Il 3,121,430 530 Successor Agency RDA Area 111 1,635,836 540 Successor Area RDA Diamond Stadium 3,277,783 604 Endowment Trust Fund 31,101 605 Public Improvement Trust Fund 838,639 606 Mobile Source Air Polution Reduction Fund 221,330 608 Trust Deposit & Pre Paid Expense Fund 5,320,039 617 Successor Agency Housing Fund 11,551,333 620 Cost Recovery System Fund 1,144,473 631 Lake Destratification Equipment Replacement Fund 229,360 655 CFD 2015-1 s Law, Fire, Paramedic Services 19,186 731 LEPFA 2011 Series B 2,711 734 LEPFA 2013 Series C 409,115 736 LEPFA 2013 Series A 20 780 LEPFA General 93,402 Total Pooled Cash & Investments $ 64,643,979