HomeMy WebLinkAbout0002_2_Investment Report - Exhibit A 08-16
REPORT TO SUCCESSOR AGENCY BOARD OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
To: Honorable Agency Chairman and Members of the Successor Agency
From: Grant Yates, Executive Director
Prepared by: Nancy Lassey, Finance Administrator
Approved by: Jason Simpson, Assistant Executive Director
Date: September 27, 2016
Subject: Investment Report for August 2016
Recommendation
Receive and file the Investment Report for August 2016.
Background and 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.
Fiscal Impact
No fiscal impact.
Exhibits
A: Investment Report for August 2016
BANK DEPOSITS OUTSTANDING BOOK
CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE
Bank Accounts:
General Checking Account 1,636,703$ 2,184,394$ (2,257,862)$ 1,563,235$
Cash On Hand:
Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 1,000
Total Cash Accounts 1,636,703 2,184,394 (2,257,862) 1,564,535
INVESTMENTS
City Investments:
City Local Agency Investment Fund 16,595,162 - (2,000,000) 14,595,162
City Local Agency Investment Fund for the PFA 330,436 - - 330,436
City CAMP Investments:
CAMP Pool Account 47,479 - - 47,479
U.S. Treasury Bond / Note 8,521,769 - - 8,521,769
Municipal Bond / Note 290,464 - - 290,464
Federal Agency Collateralized Mortgage Obligation 530,253 - - 530,253
Federal Agency Bond / Note 8,770,306 - - 8,770,306
Corporate Note 7,094,776 - - 7,094,776
Certificate of Deposit 4,650,000 - - 4,650,000
Housing CAMP Investments:
Housing CAMP Pool Account 21,443 - - 21,443
Housing U.S. Treasury Bond / Notes 1,675,537 - - 1,675,537
Housing Municipal Bond / Notes 30,084 - - 30,084
Housing Federal Agency Collateralized Mortgage 95,951 - - 95,951
Housing Federal Agency Bond / Notes 1,532,617 - - 1,532,617
Housing Corporate Notes 1,318,456 - - 1,318,456
Housing Certificate of Deposit 400,000 - - 400,000
Successor Investments:
Successor Local Agency Investment Fund 3,990,790 - - 3,990,790
Successor CAMP Investments:
Successor CAMP Pool Account 16,574 - - 16,574
Successor U.S. Treasury Bond / Notes 1,816,895 - - 1,816,895
Successor Municipal Bond / notes 30,084 - - 30,084
Successor Federal Agency Collaterized Mortgage 95,951 - - 95,951
Successor Federal Agency Bond / Notes 1,788,429 - - 1,788,429
Successor Corporate Notes 1,120,612 - - 1,120,612
Successor Certificate of Deposit 400,000 - - 400,000
Sub-total Investments 61,164,067 - - 59,164,067
Market Value Adjustment:
Unrealized Gain/ (Loss) at 06-30-16 City 441,611 - - 441,611
Unrealized Gain/ (Loss) at 06-30-16 SARDA 70,791 - - 70,791
Total Unrealized Gain/ (Loss) at 06-30-16 per GASB 31 512,402 - - 512,402
Total Investments 61,676,469 - - 59,676,469
Total Pooled Cash and Investments 63,313,172$ 2,184,394$ (2,257,862)$ 61,241,004$
TOTAL POOLED CASH AND INVESTMENTS 61,241,004$
I 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 Clerk. The
pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures.
Jason P. Simpson September 12, 2016
Director of Administrative Services Date
C I T Y O F L A K E E L S I N O R E
INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF AUGUST 31, 2016
Yield Purchase Date Maturity Rate
0.614%Daily 24-Hour
Agency Beginning Balance Net Increase/(Decrease)Ending Balance
City 16,595,162$ -$ 16,595,162$
City for the PFA 330,436$ -$ 330,436$
Successor Agency 3,990,790$ -$ 3,990,790$
Total Investments Held with
Local Agency Investment Fund:20,916,387$ -$ 20,916,387$
Note:
Per California State Treasurer, LAIF Statute 16429.1: Separate accounts for each governmental unit
shall be maintained.
LAIF accounts are subject to a $65 million cap per agency.
C I T Y O F L A K E E L S I N O R E
LOCAL AGENCY INVESTMENT FUND
TRANSACTION SUMMARY
FOR THE MONTH ENDING AUGUST 31, 2016
FUND NO FUND NAME AMOUNT
100 General Fund 10,151,821$
101 Supplemental Law Enforcement Fund 41,667
104 Traffic Offender Fund 20,550
106 Affordable Housing In Lieu Fund 2,792,271
107 Developer Agreement Revenue 1,558,264
110 State Gas Tax Fund 2,077,477
112 Measure A Fund 1,120,072
114 SB1186 CASP Education Program Fund 5,936
115 Traffic Safety Fund 254,654
116 City Hall-Public Works DIF Fund 1,202,693
117 Community Center DIF Fund 522,728
118 Lake Side Facility DIF Fund 657,022
119 Animal Shelter DIF Fund 18,249
120 Camino Del Norte DIF 110
121 T.R.I.P.-2014A 7,365
135 Lighting & Landscape Maintenance Fund - Dist. No. 1 445,915
140 Geothermal Fund 19,955
155 CSA152 -- N.P.D.E.S.123,347
160 PEG Grant Fund 23,675
205 Traffic Impact Fee Fund 3,779,317
211 Storm Drain C.I.P. Fund 3,440,285
221 Quimby Park C.I.P. Fund 17,702
231 Library C.I.P. Fund 1,732,990
232 City Fire Protection Fund 244,488
254 AD 89-1 Railroad Canyon Rd. Improvement Fund 126,253
268 CFD 2006-2 Viscaya Improvement 220
310 Support Service 298,351
320 Facilities Service 178,757
331 CFD 2006-1CC Summerly Improvement Area CC 6,290
332 CFD 2006-1 Improvement Area B, Summerly 8,780
333 CFD 2015-3 Terracina 23,157
334 CFD 2015-5 Trieste - Far West Industries 26,682
345 CFD 2003-2S Improvement Area D, Canyon Hills 8,928
346 CFD 2014-1 Southshore Debt Service Fund 63,251
347 CFD 2006-1 Improvement Area A, Summerly 14,682
350 CFD 98-1 Summerhill Debt Service Fund 34,710
352 AD 86-1 Debt Service Fund 659,115
354 CFD 90-2 Successor RDA Debt Service Fund 36,064
356 AD 90-1A Debt Service Fund 3
357 CFD 2003-2 Canyon Hills Debt Service Fund 46,664
366 CFD 2005-6 City Center Townhomes Debt Service Fund 35,504
368 CFD 2006-2 Viscaya Debt Service Fund 60,968
369 CFD 2004-3 Area 1 Rosetta Canyon Debt Service Fund 39,545
C I T Y O F L A K E E L S I N O R E
POOLED CASH AND INVESTMENTS BY FUND
AS OF AUGUST 31, 2016
FUND NO FUND NAME AMOUNT
C I T Y O F L A K E E L S I N O R E
POOLED CASH AND INVESTMENTS BY FUND
AS OF AUGUST 31, 2016
371 CFD 2005-1 Serenity Debt Service Fund 23,412
372 CFD 2005-2 Alberhill Ranch Debt Service Fund 28,558
374 CFD 2005-4 Lakeview Villas Debt Service Fund 45,346
375 CFD 2006-4 Tract No. 30698 & 32129 Debt Service Fund 16,465
376 CFD 2006-3 La Strada Debt Service Fund 21,035
377 CFD 2006-6 Tessara Debt Service Fund 9,783
378 CFD 2006-8 Tract No. 31957 Debt Service Fund 46,572
384 CFD 2003-2 Area B Canyon Hills Debt Service Fund 55,429
385 CFD 2004-3 Area 2 Rosetta Canyon Debt Service Fund 44,865
386 CFD 2007-4 Mekenna Debt Service Fund 9,038
387 CFD 2007-5 Red Kite Debt Service Fund 64,361
388 CFD 2007-6 Holiday Inn Debt Service Fund 3,749
389 CFD 88-3 (2008A) West Lake Elsinore Debt Service Fund 32,121
390 CFD 2003-2 Area C Canyon Hills Debt Service Fund 35,899
392 CFD 95-1 City Center Debt Service Fund 19,763
393 AD 93-1 Debt Service Fund 31,246
394 CFD 2005-5 (2012A) Wasson Canyon Debt Service Fund 26,636
500 Capital Improvement Plan 1,804,299
520 Successor Agency RDA Area II 2,012,199
530 Successor Agency RDA Area III 1,037,246
540 Successor Area RDA Diamond Stadium 3,017,754
604 Endowment Trust Fund 31,268
605 Public Improvement Trust Fund 848,492
606 Mobile Source Air Polution Reduction Fund 243,622
608 Trust Deposit & Pre Paid Expense Fund 5,717,593
617 Successor Agency Housing Fund 12,145,274
620 Cost Recovery System Fund 1,206,360
631 Lake Destratification Equipment Replacement Fund 230,446
731 LEPFA 2011 Series B 2,713
734 LEPFA 2013 Series C 409,479
736 LEPFA 2013 Series A 20
780 LEPFA General 93,485
Total Pooled Cash & Investments 61,241,004$