HomeMy WebLinkAbout0002_3_Investment Report - Exhibit B 09-16
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: Andrew Zavala, Account Specialist
Approved by: Jason Simpson, Assistant Executive Director
Date: October 25, 2016
Subject: Investment Report for September 2016
Recommendation
Receive and file the Investment Report for September 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. Additionally, the Review of the Investment Performance for
the quarter ended June 30, 2016 is included.
Fiscal Impact
No fiscal impact.
Exhibits
A: Investment Report for September 2016
BANK DEPOSITS OUTSTANDING BOOK
CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE
Bank Accounts:
General Checking Account 3,681,857$ 27,711$ (1,802,116)$ 1,907,452$
Cash On Hand:
Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 1,000
Total Cash Accounts 3,681,857 27,711 (1,802,116) 1,908,752
INVESTMENTS
City Investments:
City Local Agency Investment Fund 14,595,162 - 14,595,162
City Local Agency Investment Fund for the PFA 330,436 - - 330,436
City CAMP Investments:
CAMP Pool Account 74,977 - - 74,977
U.S. Treasury Bond / Note 9,764,894 - - 9,764,894
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 6,410,361 - - 6,410,361
Certificate of Deposit 4,075,000 - - 4,075,000
Housing CAMP Investments:
Housing CAMP Pool Account 4,571 - - 4,571
Housing U.S. Treasury Bond / Notes 1,796,917 - - 1,796,917
Housing Municipal Bond / Notes 30,084 - - 30,084
Housing Federal Agency Collateralized Mortgage 95,951 - - 95,951
Housing Federal Agency Bond / Notes 1,430,583 - - 1,430,583
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 11,348 - - 11,348
Successor U.S. Treasury Bond / Notes 1,804,265 - - 1,804,265
Successor Municipal Bond / notes 30,084 - - 30,084
Successor Federal Agency Collaterized Mortgage 95,951 - - 95,951
Successor Federal Agency Bond / Notes 1,813,072 - - 1,813,072
Successor Corporate Notes 1,120,612 - - 1,120,612
Successor Certificate of Deposit 400,000 - - 400,000
Sub-total Investments 59,184,536 - - 59,184,536
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 59,696,938 - - 59,696,938
Total Pooled Cash and Investments 63,378,796$ 27,711$ (1,802,116)$ 61,605,690$
TOTAL POOLED CASH AND INVESTMENTS 61,605,690$
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 October 14, 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 SEPTEMBER 30, 2016
FUND NO FUND NAME AMOUNT
100 General Fund 11,856,973$
101 Supplemental Law Enforcement Fund 16,667
104 Traffic Offender Fund 6,582
106 Affordable Housing In Lieu Fund 2,792,271
107 Developer Agreement Revenue 1,130,755
110 State Gas Tax Fund 1,329,759
111 TUMF C.I.P. Fund 2,695
112 Measure A Fund 1,183,133
114 SB1186 CASP Education Program Fund 6,119
115 Traffic Safety Fund 32,897
116 City Hall-Public Works DIF Fund 1,214,019
117 Community Center DIF Fund 529,813
118 Lake Side Facility DIF Fund 651,574
119 Animal Shelter DIF Fund 22,773
121 T.R.I.P.-2014A 127
135 Lighting & Landscape Maintenance Fund - Dist. No. 1 430,085
140 Geothermal Fund 19,955
155 CSA152 -- N.P.D.E.S.67,409
160 PEG Grant Fund 23,675
205 Traffic Impact Fee Fund 3,717,033
211 Storm Drain C.I.P. Fund 2,392,082
221 Quimby Park C.I.P. Fund 14,329
231 Library C.I.P. Fund 1,698,870
232 City Fire Protection Fund 45,300
254 AD 89-1 Railroad Canyon Rd. Improvement Fund 126,253
268 CFD 2006-2 Viscaya Improvement 220
300 Insurance Service 268,922
315 Fleet Service 10,798
320 Facilities Service 606,886
331 CFD 2006-1CC Summerly Improvement Area CC 5,213
332 CFD 2006-1 Improvement Area B, Summerly 7,703
333 CFD 2015-3 Terracina 22,080
334 CFD 2015-5 Trieste - Far West Industries 21,586
336 CFD 2006-1FF Summerly Improvement Area FF 35,000
345 CFD 2003-2S Improvement Area D, Canyon Hills 7,851
346 CFD 2014-1 Southshore Debt Service Fund 63,251
347 CFD 2006-1 Improvement Area A, Summerly 12,836
350 CFD 98-1 Summerhill Debt Service Fund 33,132
352 AD 86-1 Debt Service Fund 659,115
354 CFD 90-2 Successor RDA Debt Service Fund 910
357 CFD 2003-2 Canyon Hills Debt Service Fund 45,279
366 CFD 2005-6 City Center Townhomes Debt Service Fund 34,491
368 CFD 2006-2 Viscaya Debt Service Fund 60,924
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 SEPTEMBER 30, 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 SEPTEMBER 30, 2016
369 CFD 2004-3 Area 1 Rosetta Canyon Debt Service Fund 38,468
371 CFD 2005-1 Serenity Debt Service Fund 20,407
372 CFD 2005-2 Alberhill Ranch Debt Service Fund 15,257
374 CFD 2005-4 Lakeview Villas Debt Service Fund 44,961
375 CFD 2006-4 Tract No. 30698 & 32129 Debt Service Fund 16,080
376 CFD 2006-3 La Strada Debt Service Fund 20,266
377 CFD 2006-6 Tessara Debt Service Fund 9,322
378 CFD 2006-8 Tract No. 31957 Debt Service Fund 46,110
384 CFD 2003-2 Area B Canyon Hills Debt Service Fund 44,360
385 CFD 2004-3 Area 2 Rosetta Canyon Debt Service Fund 43,749
386 CFD 2007-4 Mekenna Debt Service Fund 8,576
387 CFD 2007-5 Red Kite Debt Service Fund 63,591
388 CFD 2007-6 Holiday Inn Debt Service Fund 3,749
389 CFD 88-3 (2008A) West Lake Elsinore Debt Service Fund 28,202
390 CFD 2003-2 Area C Canyon Hills Debt Service Fund 33,130
392 CFD 95-1 City Center Debt Service Fund 21,397
393 AD 93-1 Debt Service Fund 26,320
394 CFD 2005-5 (2012A) Wasson Canyon Debt Service Fund 25,711
500 Capital Improvement Plan 3,010,654
520 Successor Agency RDA Area II 2,000,294
530 Successor Agency RDA Area III 1,025,342
540 Successor Area RDA Diamond Stadium 2,897,832
604 Endowment Trust Fund 31,268
605 Public Improvement Trust Fund 863,456
606 Mobile Source Air Polution Reduction Fund 237,622
608 Trust Deposit & Pre Paid Expense Fund 5,723,317
617 Successor Agency Housing Fund 12,141,474
620 Cost Recovery System Fund 1,218,144
631 Lake Destratification Equipment Replacement Fund 218,960
655 CFD 2015-1s Law, Fire, Paramedic Services 17,340
731 LEPFA 2011 Series B 2
734 LEPFA 2013 Series C 409,479
736 LEPFA 2013 Series A 20
780 LEPFA General 93,485
Total Pooled Cash & Investments 61,605,690$
Yield Purchase Date Maturity Rate
0.634%Daily 24-Hour
Agency Beginning Balance Net Increase/(Decrease)Ending Balance
City 16,595,162$ (2,000,000)$ 14,595,162$
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$ (2,000,000)$ 18,916,387$
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 SEPTEMBER 30, 2016