HomeMy WebLinkAbout06 QUARTERLY INV RPT 04-15-02AGENDA REPORT
NO. 6
04-15-02
355-50 ~
MEETING DATE: APRIL 15, 2002 ~
TO:
FROM:
SUBJECT:
HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
G. W. JEFFRIES, 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 March 31, 2002 is rendered.
GWJ:ts
Attachment
GWJ.QuartedylnvestmentReportMa rch2002.doc
PAR V~LUE
$0
$0
$0
$0
$1.470 000
$46.000,000
C"'['I'Y OF TU$'~N ..rNVES T/HENT RE'PORT
SUA~AARY
QUARTER ENDIt,~
(Unaud,ted)
Allowable Or,§,nal
~x~m P~tion of ~rc~
DES~ZP~ON ~r,~ Portfoho Total
T,~ ~s~ts 5 yrs ~ L,m*t
~t~le ~rt,ficotes of ~pos, t 5 yrs ~0%.
~m~rc~ P~r 90 d~s 2b% $O
~rs Ac~pt~s I~ d~s 25%
Ot~r Zn~s~nts 5 ~s ~ Lim,t
Fe~ A~s ~ yes ~'~ $L467.648
U. S Trea~es b yrs ~ L~m,t $45.945.684
~h ~ N/A $3,95~,834
~sh w~ F,scoI A~nts * ~A ~ $20.Z84.430
Local ~ Zn~st~nt Fund N/A ~X $30.232.968
Book
Value
Merit
V~ue
Weighted Average Portfoho bfe (Days):
Weighted Average Portfolio Y,eld
Current 6 mos. T~asu~y:
$0
$0
$0
$0
$0
$1.467.648
$45.946.705
$3.951.834
$20.284.430
$30.232.968
$101'.883.585
226.75
3.80%
$0
$0
$0
$0
$0
$1,471.558
$46,476.2,50
$3,951,834
$20,284,430
$30.§29,813
$10Z.713,58~
000%
0OO%
0
0.00%
0.00%
1.44%
45.107,
3.88:~,
19 91%
29 67%
Cash w~th F~scal Agents ore the Reserve and Constructmn funds held by Trustees for va~cus C, ty and RDA b~nd ,ssues.
Tnvestment optm~s are hmlted to those spec,f,cally perm,trod by bond documents
Total C, ty funds ava~hable, for effect,ye active management are' $81,b99,155
CZ TY OF TUS TI?N ZNVE$ TI~ENT REPORT
(1)
PAR VALUE
(~)
DE 5C"RTP T'~ON L~MITS
'rNVESTMENT SCHEDULE AS OF.
March 31,2002
UNAUDITED
~ELD
TO PURCHASE
COUPON MATURITY DATE
MATURITY
bATE
(3)
ORT~TNAL
PURCHASE
(4)
CURRENT
BOOK
VALUE
(5)
CURRENT
MARKET
VALUE
ll01-T, me bepos~ts-No L,m,t
llOl-Ne~' ~hflcate of I~pos,t lO<.~ax 5 ~'s
ll03-Bank~rs Accept~s.25%, ~ 18Obmfs
Current Totals.
Current Totals.
Current Totals.
Current Totals.
$1.470000
-- -"$1.470~x:x~
1 ~b~'-'Fe~ MI Aggncies-~O 2~ .......
FHLMC MTN
ll07-Othgr In'~stn~nts
1109-0~ Treom~y B,IIs/Bo~d's/Notes-No L,m,t
$3.~.~
$2.OO0.0OO
$2.000,000
$2.000,000
$2,000,000
$2,000,000
$2 000,000
$2.000.000
$2.000,000
$2.O0O0OO
$2.OOO.OOO
$2.OO0.O0O
$2,000.000
$2,000.000
$2.000.000
$2.000.000
$2,000,000
$2.O0O.OOO
$2.000,000
$2.000.0OO
I
4.63%
4 71% 05/30/01
I
6.38% 6.48% 06/30/00
6.25% 6.28% 07/31/00
6.257° 6.33% 08/31/OO
6.007,, 6.00% 10/02/00
5.7b"/,, 5.85% 10/31/00
5.63'1: 5 707- 12/04/00
5.13% 5 137 01/02/01
4.75'/: 4 76% 01/31/01
4 75% 4 81% 02/28/01
4.25% 4 30'7,. 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% 3.967. 07/31/01
3.63?° 3.69% 08/31/01
2.75% 2.87% 10/01/01
2.75% 2.77% 10/31/01
3.00% 3.01% 11/30/01
3 25% 3.30% 12/31/01
3.00% 3 04'~. 01/31/02
3 00Y. 3.06% 02/28/02
3 63~. 3 71% 03/31/02
04123/03
Current Totals:
Current Totals
$o I $0 I so
~ I $o I
~ I so I so
Dmly NO Limit
C~sh-1001 (Tnclu~s O~rnlght S~ep)
(~sats with F~s~l A~nts-'93 Water CaP's
Deposits with F,scal A~nts-As~sS DlSt
(~slts with F~scal A~nt$-Co.W~de Fm ~t~.
~h with TCA T~st~
~posits wath Fiscal A~nts-T~ AIIocahon Bonds~
Local A~y Tn~st~nt Fund-Il02
NOte. LA~F ~eid ~s f~ Feb. ~'ch ~eld was ~t
a~lab~ at t~ t~ re~ was pre~d.
I
1.10%
N/A (8)
N/A (9)
N/A (10)
1.10% (7)
N/A (101
2 97% (111
TOTAL C~TY INVESTMENTS
P~RFORMA[~
I we,ghted Average Portfoho L,fe (1:my~).
;Weighted Aver~je Portfol,o Y~ld
Current 6 mos Treasury.
$o I ~o I so
$1,467,648
$1.467.648
$0
$1.467.648 $1.471.558
$I.467.648 '
1.44~ I
$o $o
06/30/02 $2,994.000 $2.994.000 $3.048.750
07/31/02 $2,998.110 $2,998.110 $3.041.2'~
08/31/02 $1.997.080 $1.997.080 $2.031.875
09/30/02 $1,999.900 $1,999.900 $2,037..~)0
10/31/02 $1.996.460 $1,996.460 $2,040.000
11/30/02 $1,997,380 $1.997,380 $2.042,500
12/31/02 $1,999,800 $1,999.800 $2,040,625
01/31/03 $1,999,620 $1.999,620 $2.037,5OO
02/28/03 $1,997,740 $1.997,740 $2,038,125
03/31/03 $1,998.568 $1.998.589 $2.033.125
04/30/03 $1.995.280 $1.995,280 $2.029.375
05/31/03 $1,997.080 $1.997.080 $2.035.000
06/30/03 Sl,995.620 $1.995.620 $2,026.250
07/31/03 $1.995,580 $1,996.580 $2.026.250
08/31/03 $1.997.700 $1,997.700 $2,017.500
09/30/03 $1.995,400 $1.995,400 $1,991.875
10/31/03 $1.999,220 $1,999,220 $1,990,000
11/30/03 Sl,999,700 $1,999,700 $1,993.125
12/31/03 $1.998,080 $1,998,080 $1,998.750
01/31/04 $1,998,500 $1.998,500 $1,987.500
02/29/04 $1.997,728 $1.997,728 $1,984,375
03/31/04 $1.997,138 $1.997,138 $2,005,000
Current T0tO[~: .~4b.94~,684 $4~,946,70f:) - $46,47b,Z~O ' --
I 45.1o¥, I
Current Total:
I
226.75
3.80%
2 00%
$3.951,834 $3 951,834
$1,052.153 $1.052.153
$17.004.062 $17.004.062
$253.597 $253.597
$266.537 $266.537
$1,708,081 $1,708.081
$30.232.968 $30.529.813
--'$~JR.469.23 z $ 54 .T6-~-07T-
53.46%
$101.883.585 $102.713.885
F OOT'r,K~ TE 5.
(1) PAR VALUE ,s the full valle of the secur,ty before any cl~scount or premium is Ixud at purchase.
(2) OESCRZPT:OI~'LZMTTS reflects the ~ous c~Jthor~zed investments as dc~u,nented m the most current adopted
mvestrrmnt pohcy and the allowable percentage of total portfoho per investment type
(3) Omg~r, al Purchase Pmce ss The amount p~d for a secumtms less any d,sccunt plus any ~rem,um
(4) Cu,-rent gook VoIle ,s ar,g,r~l cost of secur~tms less race,pt of prir~pol puy~nts, ret of amarhzed prem,ums/d~scoun?s
(5) Current A~rhet Value ,s the pmce at which s~mdar sec. ur, t,es are currently trading Current market valles are pro~nded by
Bank of America and B~k of New York on oil scour,ties held in safeheeplng fro' the ¢,ty and RDA. Differences in
valle are booked only ~f the scour,ties ~ sold ~'ior to the,r maturl?,es
(6) In complim~ w,th Section TT. p~agroph f of the City s Tnvestrrmnt Policy Corporate 1'4ores must have a Moody's/Standard
and Pears long term debt rating of at least AA.
(7) ~cumtles held in Trust per Funclmg Agreement between the Ci~ of Tustln and the Foothlll/~.astern
Tronspartatlon Corridor Agency adopted by the C~ty ¢our~ll on 6-5-95
(8) Earmngs alio~e on compensating bank balcmces to offset bank acl~ty charges. AIIo~ce is ir~cluded m the
Average Yield calculation The cash bale~s include ~mc~nts 'swept' from account foe overnight investments
(9) Current percentage by irw~stment type to be measured against allowable hm~ts ,n current investr~nt policy et time of
purch~. A~xlmum ratio limits calculated using current book yokes and may change over time as total portfolio chan~es.
(10) Tnvestm~nts croci earmngs on me. les held by fiscal agents gererolly are limited as ?o type and yield by the bond
documents or current 2R$ codes.
(11) T~e carrying am~ni of the pool as of March 31.2002 was $~0.59§.769.763 and the est,mated market valle (~r~lud~ng ~cr~d interest)
was $§I.092.546.~4§. The City s proportionate shore of that valle is $30.529.813. (March balances were r~t available at the
th,s report was prepared)
L'~R T~F~CA T~ZON
1' cerhfy that th~s report reflects oil ¢,ty and RE)A pooled investments. The investments represented m th~s report are m
coefarm~ty w,th the cur-rent adopted investment pohcy of the ¢,ty of Tustm. '~e n~ket voiles represented m th,s report
pray,dad by Custod,~s and Trustees currently holding secur,t,es for the C,t), and Ager~cy
The investment program harem shown pro.des sufficient cash flow hqu,d,W to meet the text s,x (~) months estimated
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