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.