HomeMy WebLinkAbout09 INVESTMENT REPORT 10-16-00AGENDA RE' 2)RT NO. 09 10-16-00 · MEETING DATE: OCTOBER 16, 2000 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: G. W. JEFFRIES, CCMT, CITY TREASURER SUBJECT: QUARTERLY INVESTMENT REPORT RECOMMENDATION: Receive and file. DISCUSSION: In compliance with Government Code Section 53646, the attached Investment Report for the ~luarter ending September 30, 2000 is rendered. GWJ:ts Attachment GWJ:Qua~ertylnvestme~Repo~Se~ember2000.doc CZTY 0£ TUSTZN_TNVESTtAENT RE?OR T LAIF 30.3% CITY OF TUSTIN INVESTMENT REPORT QUARTER ENDING September 30,2000 Other Investments 42% Treasury Bills/Notes 11.3% Bankers Acceptances 0.0% Cash 4.6% FedemlAgenc~s 22.6% Cash with Fiscal Agents 27.0% I.NF 62.4°/, RDA INVESTMENT REPORT QUARTER ENDING September 30,2000 Cash 2,1% la, demi Agencies --;.;% Cash with Fiscal Agents 6.1% Tmasury BUIs/Notes 3.7% CZTY OF TUSTZN ZNVESTA~ENT REPOR T PAR VALUE SO $0 SO $0 S2o500,000 $14,000,000 DE$O:LTPTZON C/TY OF TUSTIN: ~me Deposits I~.,gatiable Certificates of Deposit Commercial PcLoer Bankers Acceptances Other Znvestments Federal Agencies U. $. Treasuries Cash Cash with Fiscal Agents ' Local Agency Investment Fund S0 · $0 $0 $0 $0. $0 7,000,000 N/A N/A N/A TUS3-~N REDEVELOPMENT A&ENCY: ~me Deposits Negotiable Certificates of Deposit Commercial Paper Bankers Acceptances Corporate Notes Other Investments Federal Agencies U. 5. Treasuries Cash Cash with Fiscal Agents t Local Agency Investment Fund SUMMARY QUARTER ENDZNG September 30,2000 (Unaudited) Allowable Original Current Current Mm<imum Portion of Purchase Book Market Maturity Portfolio Total Value Value 5 yrs No Limit S0 5 yrs 10% $0 90 days 25% S0 180 days 25% $0 5 yrs No Limit S2,650,900 5 yrs 50% %3,989,976 5 yrs No Limit $6,991,190 N/A N/A S2,826,287 N/A N/A $16,770,510 N/A N/A S18,802,093 $62,030,956 $0 $o SO So $2,650,900 $13,989,976 $6,991,190 $2,826,287 $16,770,510 S18,802,093 $62,030,956 PERFORMANCE MEASUREMENT: Weighted Average Portfolio Life (bays): Weighted Average Portfolio Yield: Current 6 mos.Treasury: 222.73 J 6.56%J 6.27%] $0 So So SO $2,528,375 $13,885,88o $7,022,809 S2,826,287 $16,770,510 $18,943,232 $61,977,093 5 yrs No Limit $0 5 yrs 10% $0 90 days 25% $0 :180 days 25% $0 5 yrs 10% S0 5 yrs No Limit SO 5 yrs 5070 S6,990,310 5 yrs No Limit S998,000 N/A N/A $583,395 N/A N/A S%,67T,760 N/A N/A S17,035,621 $27,285,086 $0 $o $o $o $o $o S6,990,310 $998,000 $583,395 $1,677,760 $17,035,621 $27,285,086 PERFORMANCE MEASUREMENT: Weighted Average Portfolio Life (Days): I Weighted Average Portfolio Yield: [Current 90 day Treasury Bill: 68.80 6.52% 6.00% SO $o $o $o $o SO S6,943,620 $1,004,843 $583,395 S%,677,760 $17,163,500 $27,373,118 TOTAL CITY/RDA INVESTMENTS: $89,316,042 $89,350,211 Cash with Fiscal Agents are the Reserve and Construction funds held by Trustees for various City and RbA bond issues. Znvestment options are limited to those specifically permJl-ted by bond documents. Total City funds available for effective active management are: $70,867,772 Current Concentration 0.00% 0.00% 0.00% 0.00% 4.27% 22.55% 11.27% 4.56% 27.04% 30.31% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 25.62% 3.66% 2.14% 6.15% 62.44% 100.00% CITY Of TU$ TIN £NVE~ TA4ENT t~EPOI~ T PAR VALUE (2) ~E$C~IPT~O~kLIMIT$ C)401-Time beposits-No Limit 0401-Neg. Certificate of beposiT-10%,Max 5 y~s · 0407-Commercial P~per-2§%, Max 90 Days 0403-Bookers Acceptances-25%, Max 180bays O4OS-Fede~al Agencies-~)% $2.000,000 FHLB $2,0O0,000 SI-MA $2,0OO,0OO FHLB $ 2,000,000 FHLB $2,000,000 FHLB $2,OOO,OO0 FHLMC $2,000,000 FHL~C 0407-Other Investments S2,500,000 $2.500,000 State Of California GO Bonds 0409-U5 Treasury Bills/Bonds/Notes-No Limit $2,000,000 $3,000,000 $2,000,000 $7,OOO,000 US Treasury Notes U5 Treasury Notes U5 Treasury Notes Daily-No Limit Cash-lOO1 CIncludes Overnight 5weep) * Deposits with Fiscal Agents-'93 Water COP's * Deposits with Fiscal Agents-Assess. Dist.* Deposits with Fiscal Agents-ca. Wide Fin Auth.* C~sh with TCA Trustee* Local Agency Investment Fund-llO2 * The September Yields were not available at the the time this ~eport was p~epo~ed. The Yields reflected a~e as of August. INVESTMENT SCHEDULE 45 OF: September 30,2000 UNAUDrrED COUPON I I I I Y~ELD TO PURCHASE MATURITY DATE (3) (4) (5) ORI&INAL CURRENT CURRENT MATURITY PURCHASE BOOK MARKET DATE PRICE VALUE VALUE Current Totals: SO I so I so Current Totals: $0 I $0 [ $0 Cu,rent Totals: SO [ $0 I SO Current Totals: 6.05% 6.10% 11/03/99 5.70% 6.11% 10/27/99 5.38%. 5.28% 03/11/99 6.38% 6.52% 03/16/00 7.00% 6.84% 06/19/00 6.507° 6.86% 03/16/00 5.39% 5.49% . 11/05/98 8.15% 5.45% 03/30/99 6.38% 6.48% 06/30/00 6.25% 6.28% 07/31/00 6.25% 6.33% 08/31/00 4.80% N/A (8) N/A (9) N/A (10) 4.80% (7) 6.§1% (11) 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 07/31/02 08/31/02 Current Totals: TOTAL C~TY'INVESTMENT5 PERFORMANCE MEASUREMENT: Weighted Average Portfolio Life (bays): Weighted Average Portfolio Yield: Current 6 mos. Treasury: $0 (9) I so I so $1,999,044 $2,008.398 $2.003.672 $1,997,140 $2,002,971 $1,987,813 $1,990,938 $13,989,976 $2.650.900 $2,650,900 $1,996,000 $2,998,110 $1,997,080 $6,991,190 I Current Total: 222.73 I 6.56%I 6.27%J $1,999,044 $2,008,398 $2,003,672 $1,997,140 $2,002,971 $1,987,813 Sl.990,938 $13,989,976 22.557. (9) $2,650,900 $2,650,900 4.27% I (9) $1,996,000 $2,998,110 $1,997,080 $6,991,190 11.27% $2,826,287 $1,053,093 $13,719,127 $272,417 $1,725,873 $18,802,093 $38,398,890 61.90% I S62,030.956 $1,998,996 $1,997,636 $I,988,750 $1,997,946 $2,005,360 $1,995,192 $I,902,000 $13,885,880 $2,528,375 $2,528,375 $2,009,686 $3,010,311 $2.002.812 $7,02Z,809 $2,826,287 ' S1,053,093 $13,719,127 $272,417 $1,725,873 $18,943,232 $38,540,029 $61,977.093 REDEVELOPt~ENT AGENCY INVE$ TtAENT REPOR T (1) PAR VALUE (2) DESCRIPTIO~LIMIT$ 0401-Time Deposits-No Limit 04Oi-Neg. Certificate of Deposit-lO%,Max 5 yrs I 0407-Commercial Paper-25%, Max 90 bays I 0403-Bankers Acceptances-25%, Max 180Days (6) O~07-Corpor~te Notes-10T. O~07-Other Investments 0409-Federal Agencies-507. $ 2,000,000 FHLB $1,000,000 FHLB $1.000,000 FHLB $1.000,000 FHLB. $1,000,000 FHLMC $1,000,000 FHLMC 87.000,000 INVESTMENT SCHEDULE AS OF: September 30,2000 UNAUDITED YIELD TO PURCHASE COUPON MATUR]:TY DATE J j o4og-us Treasury Bills/Bonds/Notes-No Limit J j US Treasury Notes Daily-No Limit Cash-1001 (Includes Overnight 5weep) * Deposits w/Fiscal Agent-Tax Allocation gds* Local Agency Investment Fund-Il02* The September Yields were not awilable at the the time this report was prepared. The Yields reflected are as of August. $1,000,000 MATURITY DATE Current Total: (3)( ORIGINAL PURCHASE AMOUNT Current Total: Current Total: Current Total: 6.05% 6.10% 03/11/99 11/03/00 5.38% 5.28% 03/11/99 03/02/01 6.38% 6.53% 03/16/00 03/13/01 7.00% 6.84% 06/19/00 06/14/01 6.50% 6.86% 03/16/00 12/27/01 5.39% 5.49% 11/05/98 11/05/03 Current Total: Current Total: (4) CURRENT BOOK VALUE SO SO SO 6.38% 6.48% 06/30/00 06/30/02 ~urrent Total: 4.80% (s) N/A (10) 6.51% (11) TOTAL AbA INVESTMENTS PERFORMANCE MEASUREMENT: Weighted Average Portfolio Life (Days): I Weighted Average Portfolio Yield: JCurrent 90 day Treasury: so I (9) (5) CURRENT MARKET VALUE I I I j so I so I $1,999,044 $1,999.044 $1,998,996 $1,001,836 $1,001,836 $994,375 $998,570 $998,570 $998,973 $Z,001,485 $1,001,485 $1,002,680 $993,906 $993,906 $997,596 $995,469 $995,469 $951,000 Curr~nt Total: 86,990,310 86,943,620 I 2~.62'/, I I 3.66% I 7 $583,395 $583,395 * $1,677,760 $1,677,760 $17,035,621 $17,163,500 Current Total: $19,296,776 S19,424,655 I 70.727. I $27,285,086 $27,373,118 68.80 6.52% 6.00% TOTAL C-ITYIRDA INVE5TMENT5: $89,316,042 $89,350,211 FOOTNOTE5: PAR VALUE is the full value of the security before any discount or premium is paid at purchase. (2) DESCRTPT]:ON-L~MTT$ reflects the various authorized investments as 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 less 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) Tn compliance with Section ~]~, paragraph f. of the City's Tnvestment Policy, Corporate Notes must have a Moody's/Standard and Poors's long term debt rating of at least AA. (T) 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. (9) Current percentage by investment type to be measured against ollowable 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) Tnvestments and earnings on monies held by fiscal agents generally are limited as to type and yield by the bond documents or current TRS codes. (Il) The carrying amount of the pool as of August 31,2000 was $42,024,565,253 and the estimated market value (including accrued interest) was $42,428,§T/,581. The City and Agency's proportionate share of that value is $3§,0c)1,087. CER TTF~¢A 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. This statement is prepared in conformance with Section §~(i46 of the Government Code.