HomeMy WebLinkAbout08 INVESTMENT REPORT 07-17-00NO. 8
07-17-00
DATE:
July 17, 2000
Inter-Com
TO'
FROM:
SUBJECT:
Honorable Mayor and Members.of the City Council
G. W. Jeffries, CCMT, City Treasurer
QUARTERLY INVESTMENT REPORT
RECOMMENDATION:
Receive and file.
DISCUSSION:
In compliance with Government Code Section 53646, the attached Investment Report for the
quarter ending June 30, 2000 is rendered.
/ G.W. ~J ~/ff//,r~s,/C ~VIT
Treasute'r
GWJ:ts
Attachment
GWJ:QuarterlylnvestmentReportJune2000.clec
CITY OF TUS TIN ZN VES TI~ EN T REPORT
L~I~
33.1%
CITY OF TUSTIN INVESTMENT REPORT
QUARTER ENDING June 30,2000
Other Investments
4.3%
Treasury Bills/Notes
3.3%
Bankers Acceptances
3.0%
Cash
3.0%
Cash with Fiscal Agents
24.1%
Federal Agencies
29.2%
RDA INVESTMENT REPORT
QUARTER ENDING June 30,2000
LAIF
52.1%
Bankers Acceptances
4.2%
Federal Agencies
32.2%
Treasury Bills/Notes
3.6%
Corporate Notes
0.0%
Cash with Fiscal Agents
7.5%
CITY O? TU5 TIN INVE5 T~ENT RE?OR T
PAR VALUE DE 5CR/FTJ:ON
C?J:~Y OF TUSTIN:
$0 Time Deposits
$0 Negotiable Certificates of Deposit
$0 Commercial Paper
$2,0OO,000 Bankers Acceptances
$2,500,000 Other Investments
$18,000,000 Federal Agencies
$0 U.S. Treasuries
N/A Cash
N/A Cash with Fiscal Agents *
N/A Local Agency Investment Fund
,.SUMMARY
QUARTER ENbZNG,
.Tune 30,:>000
(Unaudited)
Allowable Original
Maximum Portion of Purchase
Maturity Portfolio Total
Current
Book
Value
Current
Market
Value
§ yrs No Limit $0
5 yrs 10% $0
90 days 25% $0
180 days 25% $1,83§,1§7
§ yrs No Limit $2,6§0,900
5 yrs 50% 17,880,800
5 yrs No Limit $1,996,000
N/A N/A $1,857,367
N/A N/A $14,742,625
N/A N/A $ 20,302,093
$61,264,942
$0
$o
$o
$1,835,157
$2,650,900
$17,880,800
$1,996,000
$1,857,367
$14,742,625
$20,302,093
$61,264,942
$0
$o
$o
$1,988,806
$2,528,375
$17,839,520
$1,996,000
$1,857,367
$14,742,625
$20,497,271
$61,449,964
TUSTIN REDEVELOPMENT AGENCY:
$0 Time Deposits
$0 NegotiabJe Certificates of Deposit
$0 Commercial Paper
$1,200,000 Bankers Acceptances
$0 Corporate Notes
$0 Other Invertments
9,000,000 Federal Agencies
$0 U.S. Treasuries
N/ A Cash
N/A Cash with Fiscal Agents *
N/A Local Agency Investment Fund
PERFORMANCE MEASUREMENT:
Weighted Average Portfolio Life (Days):
Weighted Average Portfolio Yield;
Current 6 mos. Treasury:
5 yrs No Limit $0
5 yrs 10% $0
90 days 25% $0
180 days 25% $1,169,548
5 yrs 10% $0
5 yrs No Limit $0
5 yrs 50% $8,935,721
5 yrs No Limit $998,000
N/A N/A $89,828
N/A N/A $ 2,092,653
N/ A N/ A $14,454,851
$27,740,601
184.11
6.35%
6.20%
$0
$o
$o
$1,169,548
$o
$o
$8,935,721
$998,000
$89,828
$2,092,653
$14,454,851
$27,740,601
$0
$o
$o
$991,875
$o
$o
$8,924,060
$998,000
$89,828
$2,092,653
$14,593,816
$27,690,232
PERFORMANCE MEASUREMENT:
Weighted Average Portfolio Life (Days):
Weighted Average Portfolio Yield:
Current 90 day Treasury Bill:
81.91
6.24%
5.85%
TOTAL CITY/RDA INVESTMENTS:
$89,005,543 $89,140,196
Cash with Fiscal Agents are the Reserve and Construction funds held by Trustees for various City and ADA bond issues.
Investment options are limited to those specifically permitted by bond documents.
Total City funds available for effective active management are:
$72,170,265
Current
Concentration
0.00%
0.00%
0.00%
3.00%
4.33%
29.19%
3.26%
3.03%
24.06%
33.14%
100.00%
0.00%
0.00%
0.00%
4.22%
0.00%
0.00%
32.21%
3.60%
0.32%
7.54%
52.11%
100.00%
CITY Of TU5 TIN INVE5 T/~ENT AEPOA T
(1)
PAR VALUE
l
$2,000,000
$2.000,000
$ 2.000,000
$2,000,000
$2o000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$ 2,000,000
$18,000,000
$2,500.000
$2,500.000
$2.000o000
(2)
DESCRIPTION-LIMITS
0401-Time Deposits-No Limit
0401-Neg. Certificate of Deposit-lO%,Max 5 yrs
0407-Commercial Paper-25%, Max 90 Days
0403-Bankers Acceptances-257, Max 180bays
B of A Bankers Acceptance
040D-Federal Agencies-50%
FHLMC Discount Notes
SLMA
FHLB
5LMA
FHLB Discount Notes
FHLB
FHLB Debentures
FHLMC
FHLMC
C)407-Other Investments
State Of California GO Bonds
0409-U5 Trensury Bills/Bonds/Notes-No Limit
US Treasury Notes
Daily-No Limit
Cash-lO01 (Includes Overnight 5weep)
Deposits with Fiscal Agents-'93 Water ¢OP's *
Deposits with Fiscal Agents-Assess. Dist.*
Deposits with Fiscal Agents-Co. Wide Fin Auth.*
Cash with TCA Trustee'
Local Agency Investment Fund-Il02 *
The .Tune Yields were not available at the
time this report was prepared. The Yields
reflected are as of May.
INVESTMENT scHEDULE A5 OF:
3une 30,2000
COUPON
i
I
I
i
6.00%
UNAUDITED
YIELD
TO PURCHASE
MATURITY DATE
6.22% 03/16/00
MATURITY
DATE
Current Totals:
Current Totals:
Current Totals:
07/31/00
Current Totals:
N/A 5.517 07/22/99
5.00% 5.177 03/11/99
6.05% 6.107 11/03/99
5.70% 6.117. 10/27/99
5.38% 5.287° 03/11/99
6.3870 6.527. 03/16/00
7.007° 6.8470 06/19/00
6.50% 6.86% 03/16/00
5.39% 5.49% 11/05/98
8.15% 5.45% 03/30/99
1
6.38% 6.48% 06/30/00
4.70% *
N/A (8)
N/A (9)
N/A (lO)
4.707. (7)
6.19% (11)
07/17/00
08/11/00
11/03/00
11/30/00
03/02/01
03/13/01
06/14/01
12/27/01
11/05/03
Current Totals:
09/01/01
Current Totals:
06/30/02
Current Totals:
(3)
ORIGINAL
PURCHASE
PRICE
$0
$o
$o
$1,835,157
$1,835,157
$1,895,511
$1,995,313
$1,999,044
$2,008,398
$2,003,672
$1,997,140
$2,002,971
$1,987,813 '
$1,990,938
$17,880,800
I
$2.650.900
$2.650.900
I
$1,996.000
$1,996.000
I
Current Total:
I
TOTAL CITY INVESTMENTS
PERFORMANCE MEASUREMENT:
Weighted Average Portfolio Life (Days):
JWeighted Average Portfolio Yield:
[Current 6 mos.Treasury:
184.11
6.35%
6.20%
(4) (5)
CURRENT CURRENT
BOOK MARKET
VALUE VALUE
so I so
so I $o
(9)
$o j $o
$1,835,157
$1,835,157
3.00% J
(9)
$1,988,806
$1,988,806
$1,895,511
$1,995,313
$1,999,044
$2,008,398
$2,003,672
$1,997,140
$ 2,002,971
$1,987,813
$1,990,938
$17,880,800
29.197
(9)
$2,650,900
$2,650,900
4.33%
(9)
$1,996,000
$1,996,000
3.26%
$1,857,367
$1,080,433
$11,629,553
$323,096
$1,709,543
$20,302,093
$36,902.085
60.23%
$61,264,942
$1.993,920
$1,996.400
$1,995,200
$1,986,600
$1.981,400
$1,993,600
$2,002.200
$1,988.200
$1,902,000
$17,839,520
I
$2,528,375
$2,528,375
I
$1,996,000
$1,996.000
I
$1,857,367
$1,080,433
$11,629,553
$323,096
$1,709,543
$20,497,271
$37,097,263
!
$61.449,964
AEDEVE£ OP~4ENT M~ENd~ £NVE~ T~4ENT ~EPOA T
ZNVESTMENT 5¢HEDULE A5 OF:
.Tune 30,2000
UNAUDZ'I'ED
(1)
PAR VALUE
(2)
DESCRIPTION-LIMIT5
YIELD
TO PURCHA5E
COUPON ~AATURITV DATE
0401-Time DeposiTs-No Limit
0401-Neg. Certificate of Deposit-10%,Max 5 yrs
0407-Commercial Paper-25%, Max 90 Days
J I 0403-Bankers Acceptances-25%, Max 180bays
$1,200,000 B of A Bankers Acceptance
$1,200,000
I
I
6.05%
6.21% 03/16/00
(6)
0407-Corporate Nol'es-lO%
0407-Other InvesTments
0409-Federal Agencies-50%
$1,000,000 FMC Discount Notes
$1,000,000 5LMA
$2,000,000 FHLB
$1,000,000 FHLB
$1,000,000 FHLB Debentures
$1,000,000 FHLB Del~ntures
$1,000,000 FHLMC
$1,000,000 FHLMC
$ 9,000,000
N/A
5.00%
6.05%
5.38%
6.38%
7.00%
6.50%
5.39%
MATURITY
DATE
03/14/00
Current Total:
5.51% 07/22/99 07/17/00
5.17% 03/11/99 08/11/00
6.10% 03/11/99 11/03/00
5.28% 03/11/99 03/02/01
6.53% 03/16/00 03/13/01
6.84% 06/19/00 06/14/01
6.86% 03/16/00 12/27/01
5.49% 11/05/98 11/05/03
(3)(
ORIGINAL
PURCHASE
AMOUNT
Current Total:
Current Total: I
Current Total: I
$1,169,548
$1,169,548
Current Total: [
Current Total:
$947,755
$997,656
$1,999,044
$1,001,836
$998,570
$1,001,485
$993,906
$995,469
Current Total:
I I 0409-U5 Treasury Bills/Bonds/Notes-No Limit I I
$1,000,000
U5 Treasure/Notes
Daily-No Limit
Cash-lO01 (Includes Overnight 5weep)
Deposits w/Fiscal Agent-Tax Allocation Bds*
Local Agency Investment Fund-Il02*
* The June Yields were not available at the
time this report was prel~red. The Yields
reflected are as of May.
6.38% 6.48%
06/30/00 06/30/02
Current Total:
4.70%
N/A
6.19%
(8)
(lO)
(11)
TOTAL RDA INVESTMENT5
$998,000
$998,000
Current Total:
PERFORMANCE MEA5UREMENT:
Weighted Averag~ Portfolio Life (Days):
Weighted Avenge Po~nColio Yield:
Current 90 day T~easum/:
81.91
6.24%
5.85%
TOTAL C~TY/RDA INVESTMENTS:
(4)
CURRENT
BOOK
VALUE
(5)'
CURRENT
MARKET
VALUE
$0
(9)
$0
(9)
$0
(9)
$1,169,548
$1.169,548
4.22%
(9)
0.00%
(9)
$991,875
$991,875
$0
0.00%
(9)
$947,755
$997,656
$1,999,044
$1,001,836
$998,570
$1,001,485
$993,906
$995,469
$8,935,721
32.21% I
(9)
$0
$996,960
$998,200
$1,995,200
$990,700
$996,800
$I,001,100
$994,100
$951,000
$8,924,060 '
$998,000 $998,000
$998,000 $998.000
3.60%
(9)
7
$89,828 $89,828
$2.092,653 $2,092,653
$14,454.851 $14,593,816
$16,637,332 $16,776,297
59.97% '[
$27,740,601 $27,690,232
$89,005,543 $89,140,196
FOOTNOTES:
(l) PAR VALUE is the full value of the security before any discount or premium is paid at purchase.
(?) DE$CRZPq-rON-LZMZT$ reflects the various authorized investments os documented in the most current adopted
investment polcy and the allowable percentage of total portfolio per investment type.
(3) Original Purchase Price is the amount paid for a securities le~s any discount plus any premium.
(4) Current Book Value is original cost of secuities less receipt of principal payments, net of amortized premiums~discounts,
(§) 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. Differences in
value are booked only if the securities are sold prior to their maturities.
(6) In compliance with 5action ~L-:, paragraph f. of the City's Znvestment Policy, Corporate Notes must have a Moody's/Standard
and Poors's 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-§-9§.
(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.
(g) 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.
(10) Investments and earnings on monies held by fiscal agents generally are limited as to type and yield by the bond
documents or current IRS codes.
(l:Z) The carrying amount of the pool as of May 31,?000 was $42,0?4,§6§,2§3 and the estimated market value
(including accrued interest) was $47,478,§77,§8~. The City and Agency's proportionate share of that value is $3§,091,087.
CERTIF'ZCATZON:
I 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
I
expenditures.
lhe Government Code.
· conformance with
·