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Home My WebLink About05 QUARTERLY INV RPT 01-22-02AGENDA REPORT NO. 5 01-22-02 MEETING DATE: TO: JANUARY 22, 2002 355-50 HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: SUBJECT: G. W. JEFFRIES, CCMT, CITY TREASURER QUARTERLY INVESTMENT REPORT SUMMARY: Government Code Section 53646 requires that the Treasurer make an Investment Report to the City Council at least quarterly showing balances by authorized investment and certifying its compliance with the adopted Investment Policy. RECOMMENDATION: Receive and file. DISCUSSION: In compliance with Government Code Section 53646, the attached Investment Report for the · quarter ending December 31, 2001 is rendered. ~ G. W. Je~~-J~T~ GWJ:t~' Attachment GWJ:Q uartedyl nvestmentReportDecem bet2001, doc PAR VALUE $o $o $o $o $o $1,470,000 N/A N/A N/A DESCRIP3'~ON CITY OF TUSTIN: Time Deposits Negotiable Certificates of Deposit Commercial Paper Bankers Acceptances Other Investments Federal Agencies U. 5. Treasuries Cash Cash with Fiscal Agents * Local Agency Investment Fund C"Z TY OF TU$'I-ZN INVES T/I/IENT REPOR T SUMMARY QUARTER ENDING December 31,200! (Unaudited) Allowable Original Current Maximum Portion of Purchase Book Maturity Portfolio Total Value Current Market Value 5 yrs No Limit $0 5 yrs 10% $0 90 days 25% $0 180 days 25% $0 5 yrs No Limit $0 5 yrs 50% $1,467,648 . 5 yrs No Limit $39,952,318 N/A N/A $11,837,360 N/ A N/ A $20,082,45c) NIA NIA $29,967,007 '' $103,306',792 $0 $o $o $o $o $1,467,648 $39,953,339 $11,837,360 $20,082,459 $29,967,007 ~103,307,813 $0 $o $o $o $o $1,479,708 $40,807,189 $[1,837,360 $20,082,459 $30,080,496 ~104,287,212 PERFORMANCE MEASUREMENT: Weighted Average Portfolio Life (Days): Weighted Average Portfolio Yield: Current 6 mos. Treasury: 213.92 3.74%' 1.80%' Curr~nt Concentration 0.00% 0.00% 0.0O% 0.00% 0.00% 1.42% 38.67% 11.46% 19.44% 29.01% 100.00% Cash with Fiscal Agents are the Reserve and Construction funds held by Trustees for various City and RDA bond issues. Investment options are limited to those specifically permitted by bond documents. Total City funds available for effective active management are: $83,225,354 CITY OF TUG TIN INVE5 TtAENT REPORT (1) PAR VALUE $1.470,000 $1,470.000 $3,000,000 $3,000,000 $2,000,000 $2,ooo,ooo $2,ooo,ooo $2.00o,ooo $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000.000 $2,ooo,00o $2,ooo,o00 $2,000,000 $2,000,000 $2,o00o.00o $2,ooo,ooo $40,000,000 (2) DESCRIPTION-LIMIT5 I ................. 110!'Time hep°sits:No_. Limit._ ..... I 1101-Neg Certificate of beposit-ZO% Max 5 yrs I 1103-Bankers Acceptances-25%, Max 180Days j i _ ll05-Federal Agencies-50% J FHLMC MTN I ........ ll°7-°,ther In~stm. ents _._ . I 1109-U5 TreaSury Bills/Bonds/Notes-No Limit U5 Treasury Notes U5 Treasury Notes U5 Treasury Notes US Treasury Notes US Treasury Notes U5 Treasury Notes US Treasury Notes U5 Treasury Notes US Treasury Notes US Treasury Notes US Treasury Notes U5 Treasury Notes US Treasury Notes US Treasury Notes US Treasury Notes U5 Treasury Notes US Treasury Notes US Treasury Notes U5 Treasury Notes Daily-No Limit ' Cash-1001 (Includes Overnight Sweep) Deposits with Fiscal Agents-'93 Water COP's Deposits with Fiscal Agents-Assess. Dist. Deposits with Fiscal Agents-Co. Wide Fin Auth. Cash with TCA Trustee Deposits with Fiscal Agents-Tax Allocation Bonds* Local Agency Investment Fund-Il02 INVESTMENT SCHEDULE AS OF: December 31,2001 UNAUDITED COUPON YIELD TO PURCHASE MATURIT~ DATE MATURITY bATE Current Totals: Current Totals: Current Totals: Current Totals: (3) ORIGINAL PURCHASE PRICE $0 $0 $0 $0 ~) CURRENT BOOK VALUE I I ,o ...... (~) .......... ' -(v) .... (5) CURRENT MARKET VALUE $0 $0 $0 $0 4.63% 4.71% 05/30/01 6.38% 6.48% 06/30/00 6.25% 6.28% 07/31/00 6.25% 6.33% 08/31/00 6.00% 6.00% 10/02/00 5.75% 5.85% 10/31/00 5.63% 5.70% 12/04/00 5.13% 5.13% 01/02/01 4.75% 4.76% 01/31/01 4.75% 4.817o 02/28/01 4.25% 4.30% 04/02/01 4.00% 4.12% 04/30/01 4.25% 4.33% 05/30/01 4.88% 3.99% 07/02/01 3.79% 3.96?0 07/31/01 3.63?0 3.69% 08/31/01 2.75% 2.87% 10/01/01 2.75% 2.77?0 10/31/01 3.00% 3.01% 11/30/01 3.25% 3.30% 12/31/01 04/23/03 Current Totals: $1,467,648 $1,467,648 Current Totals: $0 06/30/02 07/31/02 08/31/02 09/30/02 10/31/02 11/30/02 12/31/02 01/31/03 02/28/03 03/31/03 04/30/03 05/31/03 06/30/03 07/31/03 08/31/03 09/30/03 10/31/03 11/30/03 12/31/03 Current Totals: $2,994,000 $2,998,110 $1,997~80 $1,999,900 $1,996,460 $1,997,380 $1,999,800 $1,999,620 $1,997,740 $1.998,568 $1,995,280 $1,997,080 $1,995,620 $1,995,580 $1,997,700 $1,995,400 $1,999,220 $1,999,700 $1,998.o8o $39,952,318 $1,467,648 $1A67,648 I z'4z~° I - (9) $0 $2,994,000 $2,998,110 $1,997,080 $1,999,900 $1,996,460 $1,997,380 $1,999,800 $1,999,620 $1,997,740 $1,998,589 $1.995,280 $1,997,080 $1,995,620 $1,996,580 $1,997,700 $1,995,400 $1,999.220 $1,999,700 $1,998,080 $39,953,339 I' ~,,~.61'~o '1 fy} .... $1,479,708 $1A79,7O8 $0 $3,068,438. $3.076,875 $2.055.0OO $2,060,625 $2,062,500 $2,065,625 $2,059,844 $2,055.703 $2,055,078 $2,048,047 $2.043,750 $2,049.375 $2.038,594 $2.037.422 $2,028,203 $1,997,344 $1,995,781 $2,001,641 $2,007,344 ' $40,807,189 1.70% N/A (8) N/A (9) N/A (lO) 1.7o7o (7) N/A (10) 3.26% (11) TOTAL CITY INVESTMENT5 PERFORMANCE MEASUREMENT: Weighted Average Portfolio Life (bays): Weighted Average Portfolio Yield: Current 6 mos. Treasury: Current Total: $11,837,360 $1,052,138 $15,602,189 $253,458 $265.418 $2,909,256 $29,967,007 $61,886,816 I .................. ?:_~P.. ............. I $11,837,360 $1,052,138 $15,602,189 $253,458 $265,418 $2,909,256 $30,080,496 $62,o00,315 $104,287,212 213.92 3.74% 1.807o FOOTNOTES: (1) PAR VALUE is the full value of the security before any discount or premium is paid at purchase. (2) DESCRZPTZON-LZM]:T5 reflects the various authorized investments as documented in the most current adopted investment policy and the allowable percentage of total portfolio per investment type. (3) Original Purchase Price is the amount paid for a securities less any discount plus any premium. (4) Current Book Value is original cost of securities less receipt of principal payments, net of amortized premiums/discounts. (5) Current Market Value is the price at which similar securities are currently trading. Current market values are provided by Bank of America and Bank of New York on all securities held in safekeeping for the City and RDA. bifferences in value are booked only if the securities ore sold prior to their maturities. (6) ]:n compliance with 5action IZ, paragraph f. of the City's ]:nvestment Policy, Corporate Notes must have a Moody's/5tandord and Poors long term debt rating of at least AA. (7) Securities held in Trust per Funding Agreement between the City of Tustin and the Foothill/Eastern Transportation Corridor Agency adopted by the City Council on 6-5-95. (8) Earnings allowance on compensating bank balances to offset bank activity charges. Allowance is included in the Average Yield calculation. The cash balances include amounts "swept" from account for overnight investments. (9) Current percentage by investment type to be measured against allowable limits in current investment policy at time of purchase. Maximum ratio limits calculated using current book values and may change over time as total portfolio changes. (ZO) Znvestments and earnings on monies held by fiscal agents generally ore limited os to type and yield by the bond documents or current ]:R5 codes. (l:~) The carrying amount of the pool as of December 3Z,200! was $49,764,479,Z4! and the estimated market value (including accrued interest) was $50,316,143,978. The City's proportionate share of that value is $30,080,496. CER T~F~CA T-ZON: T certify that this report reflects all City and RDA pooled investments. The investments represented in this report are in conformity with the current adopted investment policy of the City of Tustin. The market values represented in this report are provided by Custodians and Trustees currently holding securities for the City and Agency. The investment program herein shown provides sufficient cash flow liquidity to meet the next six (6) months estimated expenditures. Thisstatementispreparedinconformancewith 5action ~~m~ent Code..~., 5igned~.,' ti"m:/~' wJprepared. * ,September balances were not available at the this report CITY OF TU$'I-J:N INVESTMENT REPORT LAIF 29% CITY OF TUSTIN INVESTMENT REPORT Quarter Ending December 31, 2001 Treasury Bills/Notes 40% Cash 11% Cash with Fiscal Agents 19% Federal Agencies 1%