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HomeMy WebLinkAbout06-23-2009 CC Item 04CITY OF ORE DREAM EXTREMEn REPORT TO CITY COUNCIL TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ROBERT A. BRADY CITY MANAGER DATE: JUNE 23, 2009 SUBJECT: INVESTMENT REPORT -MAY 2009 Discussion The Investment Report is a listing of all funds invested for the City as of the date shown on the report. Recommendation Receive and file. Prepared By: Nancy L. Lassey Accountant 0( Reviewed By: James R. Rile Acting Director o ministrative Services Approved By: Robert A. Brady Executive Director CC June 23, 2009 Item No. 4 Page 1 of 11 CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF May 31, 2009 ACTIVE ACCOUNTS Bank of America - General Bank of America - Payroll Bank of America - Flex Benefit Total Active Accounts BANK DEPOSITS OUTSTANG. BOOK BALANCE IN TRANSIT CHECKS BALANCE $4,465,714.86 32,850.53 (1,314,191.51) 3,184,373.88 14,002.29 - (2,162.94) 11,839.35 4,274.58 (1,353.16) 2,921.42 4,483,991.73 32,850.53 (1,317,707.61) 3,199,134.65 INVESTMENTS Local Agency Investment Fund Bank of New York-Trust Sweep Account Bank of New York-Medium Term Corporate Notes Berkshire Hathaway Fin Corp. Shell Intl Fin B V-Medium Term Corporate Notes Federal Home Loan Mortgage Corp. Federal Home Loan Bank Federal National Mortgage Association Sub-total Investments 17,682,242.30 72,091.67 2,007,800.00 1,014,120.00 2,040,580.00 1,000,000.00 2,000,000.00 1,000,000.00 17,682,242.30 72,091.67 2,007,800.00 1,014,120.00 2,040,580.00 1,000,000..00 2,000,000.00 1,000,000.00 26,816,833.97 Unrealized Gain/ (Loss) at 6-30-08 per GASB 31(LAI F) Unrealized Gain/ (Loss) at 6-30-08 per GASB 31 (Other) Unrealized Gain/ (Loss) at 6-30-08 per GASB 31 (Total) Total Investments Cashier Drawers #1 & #2 City of Lake Elsinore Petty Cash Fund TOTAL POOLED CASH AND INVESTMENTS 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 24, 2008. 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. James R. Riley June 16, 2009 Acting Director of Administrative Sewces Date Prepared by; N. la U, Acco a 26,816,833.97 (1,974.00) - - (1,974.00) 33,113.00 33,113.00 31,139.00 31,139.00 26,847,972.97 - - 26,847,972.97 31,331,964.70 32,850.53 (1,317,707.61) 30,047,10762 300.00 1,000.00 $30,048,407:62 CC June 23, 2009 Item No. 4 Page 2 of 11 CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF May 31, 2009 FUND NO FUND NAME AMOUNT 100 General Fund 3,915,925.11 101 Supplemental Law Enforcement Fund 196,240.00 102 Local Law Enforcement Block Grant Fund 11,365.77 104 Traffic Offender Fund 19,906.37 106 Affordable Housing In Lieu Fund 1,034,386.40 107 Developer Agreement Revenue 3,101,681.39 110 State Gas Tax Fund 1,960,342.09 112 Transportation Fund (478,328.91) 115 Traffic Safety Fund 775,463.66 116 City Hall-Public Works OF Fund 935,254.95 117 Community Center OF Fund 133,056.93 118 Lake Side Facility DIF Fund 272,832.68 119 Animal Shelter OF Fund 408,024.53 120 Camino Del Norte OF 33,314.25 130 Lighting & Landscape Maintenance Fund (986,965.21) 135 #1 Lighting & Landscape Maintenance Fund 260,825.26 140 Geothermal Fund 18,225.07 150 C.D.B.G. Fund (121,049.58) 201 Street C.I.P. Fund 12,996.85 204 Signal C.I.P. Fund 139,016.17 205 Traffic Impact Fee Fund 3,441,063.86 211 Storm Drain C.I.P. Fund 5,557,236.08 221 Park C.I.P. Fund 1,020,724.59 231 Library C.I.P. Fund 1,304,479.34 232 City Fire Protection Fund 742,882.29 254 AD 89-1 Railroad Canyon Rd. Improvement Fund 130,483.24 259 CFD 90-3 Construction Fund 689.24 266 CFD 2004-1 Marintiqu 930.35 267 CFD 2006-1 Summerly (1,570.00) 272 CFD 2005-2 CIP Fund 864.09 351 AD 87-2 Debt Service Fund 50,398.71 352 AD 86-1 Debt Service Fund (7,707.32) 353 AD 89-1 Debt Service Fund 55,144.08 356 AD 90-1 Debt Service Fund 13,467.57 357 CFD 2003-2 Canyon Hills (60,883.24) 358 CFD 91-2 Debt Service Fund 1,850.75 360 AD 93-1 Debt Service Fund 88,185.36 362 CFD 95-1(96 Srs.E) Debt Service Fund (1,492.61) 363 CFD 88-3 / 1997 Series F Debt Service Fund 64,649.37 364 CFD 88-3 III S 11997 Series B Debt Service Fund (396.85) 365 CFO 98-1 Summerhill Improvement fund 50,130.87 366 CFD 2004-1 Debt Service Fund (22,577.95) 367 CFD 2005-3 Summarily / Laing - (6,698.12) 368 CFD 2004-2 Vista Lago 32,702.63 369 CFD 2004-3 Rosetta Canyon 2,308.27 370 CFD 2005-x Camino Del Norte 4,177.64 371 CFO 2005-1 Serenity - (70,797.57) 372 CFD 200" Alberhill Ranch 10,854.26 373 CFD 2005-5 Wasson Canyon 26,156.84 374 CFO 2005-4 Lakeview Villas 53,373.59 375 CFD 2005-1 D. Clunnan 19,990.91 376 CFD 2005-7 La Shade (2,871.44) 377 CFD 2006-X Tessera 43,259.38 378 CFD 2007-X TR#31957 59,116.37 379 CFD 2007-X Marina Village 414.63 380 CFO 2006-9 Tuscany W 489.08 381 CFD 2006-10 River LK 54,995.40 382 CFD 2006-9 Trieste 73,564.70 383 CFD 2007-X Canyon Hills 65,019.43 384 CFD 2003-2 SRS 2006A 140,053.10 385 CFD 2004-3 SRS 2006A (105,911.81) 386 CFD 2007-4 Mekenna (27,364.34) 387 CFD 20075 Red Kite (17,839.12) 388 CFD 2007-6 Holiday (605.19) 389 CFD 88-3 Series 2008 106,050.56 604 Endowment Trust Fund 17,230.39 605 Public Improvement Trust Fund 530,507.69 606 Mobile Source Air Polution Fund 186,542.07 608 Trust Deposit & Pre Paid Expense 1,114,790.05 610 Kangaroo Rat Trust Fund 87.50 611 Developer Agreement Trust Fund 1,640,290.00 616 Fire Station Trust Fund 16.59 620 Cost Recovery System Fund 1,148,214.56 650 CFD 2003-1 Law & Fire Service Fund 872,210.70 651 CFD 2006-5 Park, OpnSpc 2,254.67 652 CFD 2007-1 Law & Fire 4.758.60 Total Pooled Cash & Investments 3n,p11a,4or~.syn09 Item No. 4 Page 3 of 11 CITY OF LAKE ELSINORE INVESTMENT ACTIVITY SUMMARY FOR THE MONTH ENDING May 31, 2009 Total outstanding investments as of April 30, 2009 Investment Purchases: Total Purchases Investment Maturities: Total Maturities Investments Called: Total Calls Net increase (decrease) in LAIF Net increase (decrease) in Sweep Account Total outstanding investments as of May 31, 2009 $ 26,816,833.97 PURCHASE MATURITY/ COUPON YIELD TO DATE CALL DATE RATE MATURITY COST $ 26,816,833.97 CC June 23, 2009 Item No. 4 Page 4 of 11 z FBI W W W to H I~ O r^ O Vl V E V1 W w F A a w U A U ~ a F ~ wA O Fz z~ W O U' O F F y A W.7 W ~ 5 E. F ai z H Ial w w U z h z v N a v m m rn 0 o O o 0 0 °o N a' Q' N N N N N N N z z v1 V vt O~ \ N m V V V b oo O O O O O O O 0 0 N N N z z z z < ~n a z z ~ O b o o 0 0 °pp0 0 0 0 N a a N N N N N N z z ~ ~ ~ ~ N N O O O O O O O O ~ b ~ V < S b b W a V 00 .~-i O V O b ~ Q h ~ m v V V b ~ N N ti N N b N m M m cO ° pro, S °o o S S °o m of N O O O O V m m S m O b r O S O O O O W w ~ N ti N ..n 16 s s° ~ s u. ~ s ss s S g S S S vii ti H O N O O O of N V + O sT N m V of v, 6@ S 8° B° 6~° B°. 6~ 63 9° O t0+f O O O v0f ti VOt O V1 O O O v, N V O d' N m V h h a N m x F c7 w N N a ~ W M N M b b 0o y O m m m O m Y G o z a w T o z Q v a O c, ~ m F y ~ c ~ F' ~ 9 E ° F Q a° m z L w E o x N w 9 0 x N w" z z v v ~ a U u° a 6 0 F F F e ~ b v v O N Op J O O N T ti d F R y w w w v N A F.' R v A F 3 ti 0 c 0 w v n C N T GJ R G ~ m F V N N N d V v ~ V FJ' p 3 9 a ~ S v ti v r ~ L v E c H w N y V D v a A P t O ~ a A U N q R OVO V a O N ° v O b C 'J N w ❑C O t1 u O m T v U pC v u a W q ~ v ~a V > ~V. A c° CC June 23, 2009 Item No. 4 Page 5 of 11 O~ rzi ' ai W 1 a~ o' i U~ ~o ~o , N 1 i~ ,w 'O 1 ~ ~d O e W O O ~ ~ a ~ O a w a z °M ° > u W O x v N v N w Q-,F z N A4 e b O O N O N N m m b " b r r F w w a F z N F w a w Q W x as a w U ] z F O W W F N ~ z S° 6` 6° 62 N to V o m r e e o o S o 0 0 0o M M N N ~p b y` < r t` q rn O S N N b b S S O O O O 8 O O O O r r O O 8 O O s O m °IS 0 o ° v < M M V P a ~ S O O O O O S O 6E LIZ el O N V M Q z ro ; ~ Q z R ~ C N O rGn ~ N O G N O ~ Q z e ° Q z tRO. S N W C S N a° y 8 N a° 4 d o z o x o v aFi m i ro ro ro ro a F ° N rn w" e F x x M w m F b r, x M w_ e F ~ P4 F M w" F O W W h Q z m V U x ly A o U z F r7 F:. V b ❑w y v C Q b ❑v C u C 2 9 v ~ F « v g v O v o o q z N n v !y ° 0.Ri 7 o v O x 4 « o 7 O U 6 v O x N v Q C R 0 Q a g a 6 0 0 0 0 o n a W 1~ N O N `O N N b V1 M < o ~ o o ~ r dj ~ N .y N O O S S a M O O O ° N R W M ° W y V V i O p S O O ~ O O W P4 ti N Vl N U R E W ° ° ~ w o o y O O N W V V vl vl . . Q a v ~ N ~ o H . . . . 0 0 0 o N N N N y M N N N y O z F v S O O ° w N a 0 0 0 o U A N N N N U N N M y . i N O O y M a a s F R 0 0 o E E E Q ~ w N ~ o b N ~ , s b v, b [4 p c m U O c z z Z Z a E F z z 0 « R z c a v ~ R o v U di 3 o ° U o S x U z A u m F a x ~ n v F v z W « p a Z ~ o ~ o v C Jun v eS23 009 Item No 4 0 , 1 . wR 0 F ~ Page 6 of 11 Y a' W ~ C a~ o~ U ' N- S o o S S S S S 8 Soo S ti p G o 0 0 0 0 0 h o h vi c vi a r n ~ ,rhi m °r°. ~ g e e o W C7 q F o M v h h o a v o o m ~ N O M h Vl h O T O, O m V N O M O vl h O a O cry a Ci M VI O\ Yf h V1 W M V W o o. rn h h rn M M ao a U V P b b O M M W Q z., q ~ ' O O O O O O O d jam M b ? O O R 0 > W W N O M O ° h G h O h O 'O p xi N O < ~O b M N h N W M < W r ~ Q Z W . ~ < c O M M O b r P m 0 b O O O O O O\ O, 0 Q l F. .r.~ N 'r nj C o n o r o 0 0 0 0 0 0 0 0 M ~o o a o O o 0 0 0 0 0 0 F y Q, b q N N O O p p ° S ° H N O b 0O K V W O h O O W vl p U M r O h O O O O O c b O_ r O O 0 0 O O O O O r W N M N~ O S e ~n N W M Q T Q W N a M W b W N Vi p F. a Q U Vl O N O h O O O 1 ti ^ O V1 d' V ,O ' •V N M 1 1 O S B: S° eel e° e LIZ L &I S S 8 Q F O O N O 19 ti O O O ~ O N 1 F ~ M ~ W B° e 6° S° B° 6E 6° B° A° ~1 W d pp M N O N h O 1 d ~ i O . O O F z ti O vI a} V1 d' N M ,w ti Ey" S o S° o o S° o 0 0 S° S° ! Q W f, Q Q' N O N W N N ti N N N 1~ O a z z N A h M q ti ti [ i Q _ i - i N ,-i N Yi O Q ~ ~ 0 0 0 ~ o o ° ~ "1 1 o i I o " o a F N M . . ~ , .7 d Q 6 6 e d i . 6 i . 6Z-4 i . d p z z z N z N a z N z i U e ° e g e o ° , W Y_ y L ~ L_ d W O N O N O O N N O O O N N ¢ d d g g ~.I N g U z z s C ti C C N O N C Q ' y7 .Ni V d O V b O\ O O V M Q V O O O V y y y y w a x N a~ a a e a K o ~ W m M o M m v c m 0 $ F z z z z v v U C W G C v R O 0 O N W p O F O O ,y H °1 Y ro F W . a . v T 0 C A O C 5 ro 2 a E o d O d F F F F `d ~ F O~ m u N 78 M y ? v I v N W~ N ' N W N W W F a ~ ~ ~ a W O q d O b O O O O 1% a 0 F a a a d U CC June 23, 2009 Item No. 4 Page 7 of 11 0 0 z z a a z z z z u a N o v 0 ~ 0 0 a w v z a z z a Q ¢ z z z ° ° z o z o 0 w h U z z z z z Q O a z z w ti ° z z a Q Q Q >1 F A H ~ zzz z " o o a F a a z a~ N H w 9 ~ v x '3 x 3 K W 4a HI ' ' v ' 'w w 'w w 'w W W x g ¢ ¢ ti w o0 ww ti o a U W, 0 i V w F> W v i W kx. a w F a ~ N x b ~ F 6~ u N i W vl W yy U a x ~ O U z T N W q b w a m ~ m o o M Q w U W W c o U 8 .a Q a Y ^ a 3 Q ° ~ p o w W vi v w ' U z c o, c c c m ° o 0 ❑ ❑ ❑ > Z > g o S o w 3 .x. U v . w ° P C G F ~ ° o C7 O fl w .7 x ° ' F v vo v z z w a M h E" F o~ z w y Q Q m o m ;e - o m A a s o Z :a ' ' . . 7a ~ ~ o e ° e a° b 79 v c ° ° ~ " ~ a a w a w w u w h w w v CC June 23, 2009 Item No. 4 Page 8 of 11 °z w o a Uj N ~ W M a a w O O F U F 0 O °o 0 N o° 0 O o 0 O 0 0 0 p 4 ,a U ~Gy La P N T e O~ N ~n o N R ~ 6 O F 0 0 0 F a a a W U H Q A~ rj F I~ z 0 0 U F a F A ~,Wy W F Q a w U .7 z w O a D+ E+ O F F hl 0 0 0 v, o 0 v~ 0 0 V N1 N a ce s ~n o d t+l N 0 0 ~ o m 0 0 0 N N N ti b V V O O O O O O 0 0 0 N N N b V V O O O a ~ s e M M M U a a z v a .a d v ~ d ~ g ~ T > o e S q pU [y Vi N 1Oa ~ ~ W ~ O 0 CC June 23, 2009 Item No. 4 Page 9 of 11 CITY OF LAKE ELSINORE SUMMARY OF POLICY LIMITATIONS AS OF May 31, 2009 DESCRIPTION U.S. Treasury Bills U.S. Treasury Notes Federal Agency Issues: FICB FFCB FLB FHLB FNMA FHLMC Banker's Acceptances Certificates of Deposit Negotiable Certificates of Deposits Commercial Paper Medium Term Corporate Notes Repurchase Agreements Reverse Repurchase Agreements LAIF (Local Agency Investment Fund) Current Balance Bank of New York - Trust Sweep Account Current Balance TOTAL of Portfolio Maturing within one year of Portfolio Maturing or Callable within one year CURRENT PERCENTAGE BASED ON MARKET VALUE MAXIMUM AS OF May 31, 2009 PERCENTAGE 0.00% UNLIMITED 0.00% UNLIMITED 0.00% UNLIMITED 0.00% UNLIMITED 0.00% UNLIMITED 7.45% UNLIMITED 3.63% UNLIMITED 3.70% UNLIMITED 0.00% 40.00% 0.00% 25.00% 0.00% 30.00% 0.00% 15.00% 19.19% 30.00% 0.00% UNLIMITED 0.00% 20.00% 65.715% UNLIMITED $ 17,682,242.30 0.27% UNLIMITED $ 72,091.67 100.00% 69.94% no less than 25% 84.86% Note: Local agencies are only eligible to purchase medium term corporate notes that have a rating of "A" or better by both Moody's Investors Service, Inc., and Standard and Poor's Corporation (S & P). If a security falls below "A" by both rating agencies, then the Director of Administrative Services will evaluate the need to sell the security prior to maturity. The medium term corporate notes purchased by the City have the following ratings: Bank of New York Mellon Moody's: "Aa2" S & P: "AA-e" General Electric Cap Corp Moody's: "Aaae" S & P: "AAA" Shell INTL FIN Moody's: "AA1e" S & P: "AA+e" Berkshire Hathaway Moody's: "Aaa" S & P: "AAA" CC June 23, 2009 Item No. 4 Page 10 of 11 MONTH July 2005 August 2005 September 2005 October 2005 November 2005 December 2005 January 2006 February 2006 March 2006 April 2006 May 2006 June 2006 July 2006 August 2006 September 2006 October 2006 November 2006 December 2006 January 2007 February 2007 March 2007 April 2007 May 2007 June 2007 July 2007 August 2007 September 2007 October 2007 November 2007 December 2007 January 2008 February 2008 March 2008 April 2008 May 2008 June 2008 July 2008 August 2008 September 2008 October 2008 November 2008 December 2008 January 2009 February 2009 March 2009 April 2009 MAY 2009 AVERAGE CITY OF LAKE ELSINORE PERCENT OF PORTFOLIO INVESTED IN FEDERAL AGENCIES JULY 2005 THROUGH MAY 2009 (INCEPTION TO DATE) % OF PORTFOLIO BY AGENCY FFCB FHLB FHLMC 0.00% 0.00% 0.00% 0.00% 0.00% 3.33% 0.00% 6.23% 3.12% 0.00% 14.23% 2.85% 0.00% 18.82% 2.69% 0.00% 22.92% 2.86% 0.00% 20.74% 2.59% 0.00% 21.01% 2.62% 0.00% 20.49% 2.55% 0.00% 20.59% 2.57% 0.00% 19.94% 2.49% 0.00% 24.91% 1.91% 0.00% 25.26% 1.93% 0.00% 28.57% 2.19% 0.00% 26.17% 2.37% 0.00% 26.26% 2.38% 0.00% 24.69% 2.46% 0.00% 28.04% 2.54% 0.00% 27.59% 2.12% 0.00% 26.60% 2.21% 0.00% 32.82% 4.68% 0.00% 30.05% 4.73% 0.00% 31.17% 4.80% 0.00% 36.37% 4.28% 0.00% 36.07% 4.25% 0.00% 41.34% 2.43% 0.00% 39.24% 0.00% 0.00% 31.02% 0.00% 0.00% 29.61% 0.00% 0.00% 28.06% 0.00% 0.00% 16.79% 0.00% 0.00% 11.72% 0.00% 0.00% 11.72% 0.00% 0.00% 9.66% 0.00% 0.00% 9.20% 0.00% 0.00% 12.36% 2.06% 0.00% 13.06% 6.55% 0.00% 15.60% 10.42% 0.00% 13.54% 10.85% 0.00% 15.60% 12.54% 6.46% 12.94% 12.89% 6.58% 6.65% 9.86% 6.59% 6.67% 3.30% 0.00% 7.11% 0.00% 0.00% 0.77% 0.00% 0.00% 7.48% 3.72% 0.00% 7.45% 3.70% 0.42% 19.51% 3.17% TOTAL % OF PORTFOLIO IN FNMA FEDERAL AGENCIES 0.00% 0.00% 0.00% 3.33% 0.00% 9.35% 0.00% 17.08% 0.00% 21.51% 0.00% 25.78% 0.00% 23.33% 0.00% 23.63% 0.00% 23.04% 0.00% 23.16% 5.02% 27.45% 3.85% 30.67% 3.90% 31.09% 4.41% 35.17% 4.77% 33.31% 4.79"/6 33.43% 0.00% 27.15% 0.00% 30.58% 0.00% 29.71% 0.00% 28.81% 0.00% 37.50% 0.00% 34.78% 0.00% 35.97% 0.00% 40.65% 0.00% 40.32% 0.00% 43.77% 0.00% 39.24% 0.00% 31.02% 0.00% 29.61% 0.00% 28.06% 0.00% 16.79% 0.00% 11.72% 0.00% 11.72% 0.00% 9.66% 0.00% 9.20% 0.00% 14.42% 4.36% 23.97% 5.20% 31.22% 5.40% 29.79% 6.25% 34.39% 6.44% 38.74% 6.57% 29.66% 6.62% 23.18% 7.06% 14.18% 3.84% 4.61% 3.74% 14.94% 3.63°(Oc June 23, 2-OOppS~ Item No. 4 1.83% 24.92°Oge 11 of 11