HomeMy WebLinkAbout04 TREASURER'S REPORTAgenda Item 4
Reviewed:
AGENDA REPORT City Manager
Finance Director
MEETING DATE: AUGUST 5, 2014
TO: JEFFREY C. PARKER, CITY MANAGER
FROM: PAMELA ARENDS -KING, FINANCE DIRECTOR /CITY TREASURER
SUBJECT: QUARTERLY INVESTMENT REPORT FOR THE CITY OF TUSTIN AND THE
SUCCESSOR AGENCY FOR THE TUSTIN COMMUNITY REDEVELOPMENT
AGENCY
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 reporting
cash and investments for the City of Tustin and the Successor Agency for the Tustin Community
Redevelopment Agency for the quarter ending June 30, 2014 is rendered.
The City's total cash and investments as of 6/30/14 was $161.8 million, down $19.3 million from
6/30/13's total cash and investments of $181.2 million. The primary reason for the decrease in
cash and .investments is due to spending water bond proceeds on major projects such as the
rehabilitation of Rawlings Reservoir.
The average cash balance for fiscal year 2013/14 was $161.5 million with an average weighted
portfolio yield of 0.56% and the average weighted days to maturity was 450 days. The average
cash balance for fiscal year 2012/13 was $150.4 million with an average weighted portfolio yield of
0.33% and the average weighted days to maturity was 167 days.
Interest earnings on a cash basis for fiscal year 2013/14 was $914.8 thousand, a $454 thousand
increase in interest earnings from prior fiscal year. Fiscal year 2012/13 interest earnings on a
QUARTERLY INVESTMENT REPORT FOR THE CITY OF TUSTIN AND THE SUCCESSOR AGENCY FOR THE
TUSTIN COMMUNITY REDEVELOPMENT AGENCY
August 5, 2014
Page 2 of 2
cash basis was $460.4 thousand. Reasons for the increase in interest earnings are due to careful
monitoring of the City's cash flow needs so funds could be invested for a longer term;
diversification of investments from primarily treasury notes, JP Morgan Money Market Fund and
the State of California's Local Agency Investment Fund to other investments allowed by the City's
Investment Policy such as negotiable certificates of deposit, corporate bonds, federal agency
bonds and commercial paper; and a change to the Investment Policy for 2014 from 65% of total
cash and investments shall have maturities less than one year to 25% of total cash and
investment portfolio have maturities less than one year. As of 6/30/13, 82% of total cash and
investments had maturities less than one year and as of 6/30/14, 45.8% of total cash and
investments had maturities less than one year.
(lG/ti/ ,41J t
Pamela Arends -King
Finance Director /City Treasurer
Attachment: June 30, 2014 Quarterly Investment Report
♦T
V
ui
C�
Q
W
z
Q
O
W
W
Q
W
>.
waaft
Z
W
O�
V
ZW
Cf) Q
� 0 �
~ W �
Ui C4
= O
Cl)
W W
O
LLft
30. Z
�. O
V J
z
W LL
0
Q �
Oa
♦�
C+,
ui
V
V
C+,
W
ca
Z
H
D
H
LL
O
H
V
t�
a
Z
m
vi
0
D
w_
5z
O_
J
O
w
a
LU
LU
C7
a
°w
C7
w
D
LU
J
O
J
0
H
w
a—
C7
LU
a
0
F-
m:
W
0 0 0 0 0 0 0 0
0 0 0 0 00 0 0 0 rn
Lr) 00
0 0 0 0 0 0 0 0
o�
�O
9
O�
0
0
ct`l0 i�I.
°
L
°
0
v
o
�0
�
O
c(`l0 9
<
�
OR
lei
X10
�i0
�
J
N
LL
19
o O��l
0
0 0 0 0 0 0 0
O�
�O
O�� o
O� O
O
/6 O
�l 9 c6
L
v
X10 �cr �
��6`
O�
�O
�l �9
0 O�
it
♦T♦
V
rui
V
Q
W
z
Q
O
J
W
W
Q
ui
waaft
Z
O
V
Z
ui
O
V
Z
W
C�
Q
O
W
V
V
W
z
H
D
H
LL
O
H
V
F-
z
LU
2
F-
LU
z
0
z
Q
2
Q
V
LL
O
z
O
H
m
H
D
Q
N
O
Cl)
LU
z
H
W
U)
M
Z
a
U
O
O
H
m
t�
0
U)
F-
M
U)
M
Z
a
a
U
O
M
O
H
m
D
V-
qr-
CN
V—
co
0
N
M
0
0
U)
U)
E
F-
ti
co
(D
co
CD
cfl
N
CD
—
M
O
4-
0
CD
E
a
H
L �
00
00 m
a, Ln —1
~ O C�
M
N
O
o
00 Ln
m �
s �
s O �
i U-y
>� Ln
L
N N o
(� 00 I�
�J lD l0
CY) N
� N
N
d.1
N
O M
Q O M N
o °° Q
U �-
0
N 0
v 01 Ol
O O
LL Q L 00
J r--'
0
Q 00 o
M Ln
0 0 Ln
c� CO O
G �
1 �
O O O
dJ 4-J O
o
M O lD M
0 v r-I M
to O N
(1) i N
z U 4/)-
o
Q N 00 0
.0 M N
0 0
CO O
v v ON
E N
E
O
U
a, 0 O
0
0 0
o � 0- o N
O N M
d1 i 0 I n
z � �
v
N
O
O
o °°
U
0
rn
Ln
Ln Ln
00
0
CFO
♦T♦
V
♦ui
V
Q
Z V
W J
�O
0 �
�Z
W
LLJ
iz
ui �W
�- Z
�W
0 V
V Z
J
CL
�0
Ui C4
O
� M M
O >. W
LL
H Z
V �
♦W J
V F-
Z
W
02
Cn �—
Cn cl)
Ui W
V
V Z
Cr) LL
W0
= Z
I- p
Z —
F-
/)
D
F
LL
O
F—
V
L
L
O m m m m
Ln
L
A
Ln
L
v
Ln
L
v
Ln
L
v
m
Ln
L
v
N
rl
O
4-1
Q
Z
Cam'
U)
•�
(n (n
(n (n
(n (n (n
(n (n
(n
(n (n
0
E
>- >-
�
O
U
•
U)
+� CU
LO M
I`
co m
N
N N N
CO CO CO
0�
�
� CD
J
0 >
oo
o00
�
L6
E
U
N
O
--r
�
U)
L
W
\
1
• L
'�
>1
\
W
O
0
0 E
.
.0 0)
.O O
E
E
U)
o �
_
o �
o L U
o o �
� �
L
O •E
O
0
O O
O •�
L •c
L E
V
—
L E
O
E
•O
0
O O
Z�
j
O
-a
n
O
O
J)
p
�
O
• L O i1
O 7
• L 0
O O
O 0 O
a)
m- i1
(�
L
O
E
CU B
O N N.
(�
- LO O
LO U-)
�
4 O
O
E V1 V�
E V1 V1
•� V1 V1 V1
�/ V1 V1
V1
0
� V1
V
N
U
U
U-
L
L
O m m m m
Ln
L
A
Ln
L
v
Ln
L
v
Ln
L
v
m
Ln
L
v
N
rl
O
4-1
Q
Z
a
w
z
Z
W
ui
W
Z
Q
U
2
W
Q
!W
C
CL
uj
Q
uj
uj
W .
�O
2a
�w
J
� V
� N
W
ZU °m
v~ z
i w
W_
~ W
Oz
Z
W
Q
LU
U
U
LU
0
2
A
2
H
m
7
F
LL
0
}
F
U
2 W W
° N Idr1 p N
IY
—rcaa
o
V
vi° MN
Z
n
_wY
O
'
)
O m >
? m m
G
^
J
n
IY
p U
ry m m n
v °mO C
°o °e
n' m
O O O O
p
)
�-
dNNmn
G
n�� uln
f
W
a w
U Q
ry m m n
O O O O
a
O
M
)
-0
a
e
s
A
Z
aa`
mmmmm
J A
M M N M N
O o 0 0 0
O O O O O
O O
N e O M N
i�omLLa�
mmmmmm
N N N N N N
N N N N N N
W m m m m m
E
J
O
Z
N
f
Z
N
J_
m 0 m 0 0 0 9
D: Z Z Z Z Z Z
� arrraz
N A A N N A
H�rrrrr
N y y N N N y
O O N N d N O m N m v m m N N m v
� O Oni m A m m r W V m Omi m m ry m d m m N m
O W O m N m O N m m d O OI d N W m O O m
..........
N O O m O O N O m m O d Q O
00 °O
o-
N p0 O 00 O O N O W O Q m O O m O O O O
o O O SOS
O m_ O O O e d Cml O O Q
N m m m m n n n n r n m m m m m m m m m m m
N M o N Q n n o m m N m ry n N O m ry m
M Q' M v v Q v Q M v M v Q v v' Q
Qo . e. e e O m ....
d m m
� O r d
22aaaaa3232a22333a M
xxxxxxxxxxxxxxxxxxxxxx
a o m o 0 0 e N m N n m Non oo N
0o m O o N e m e N e O m m o 0 0 0 o O
N N N N O M O M O N O
...........
m
N N N N
LL J O M m n
.nA Cyyr r w��� y e u aO° m cyy� w a u a a a y y °w � cpps
M W1 M M M M M M M M 1+1 M M M M M 10+1 fl O� r9
M n nnnwln n �n r`iMMM M MMM n n nnM M
V U
N N
E c e °
E ° O ° n
J N y N N
� J
C C C C C C L
y m m m m m U NA 0 m 0
W L C q L C C
U A D A D A A D
m O O O O m O O
w 0 m
W O U J J J J J J U
E E E E E E OFF
a g n m A A _O U O m O 0 A C U O g O 0 A A V
aLL i' LL i x x
z m m m A° N
F y C g a 9 N L
W LA m A m m A 0 A 0 L 0 0 A i A m V 0 mi q A A
LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL
°
z
°
L
O
W
E O
J q
NC
N U
Z A
p
m�
J N
Ow
U
Z ..O_.
J
i U
z F
Z y
_ W .1
m Q
U �
F
'o
W
= 0
J m
U
Q
Z Y
° O O
0 m
m
10
iz
O N fO'1 N O O' O 44 N O P P
4 O d d d d d d d d d d d 4 d d d O d d d N
N N N N N N N N N N N N N N N N N N N N N
O
O O O O O O O O O O O O O O O O O O O O O e
ry ry r e a a a a�� a v
N N N N N N N N N N N N N N N N N
d d d ...... N N ... n ...
;3 N i0 N N _P N N Ci Oi N 0 a a 1-- 0 0 0 N
CI N � a _P a b b b n 0 N� m P; d 0 O d
O.. 0 0 0 O O O O O O. O O O O O O
M M M M M M M M M M M M d M d d d M M Y
N` N f0 10 fC
.............
.
0 0 0 0 0 0 0
101 M fl M N N ry ry 101 � ry N m N M N
X X X X X X X X X X X X X X X X X X X X
N 0 0 0 O O O O 00 O N M h N
O O O O O O O O d O O n O
O O r ." r m N r
N N N
.................
O 0 0 0 0 0 0 0 0
O O O O O O O O O O O O O O O O
N N N N N N N N N N N N N N N N N N N N
d ? O r M J y d N m O M a P N N W W N N O
U a
Z >> n m U Q< W m m N O J N O U
M M N M P N P n P P N d
P U fG P P O O N O M P N N N O Y h O A OI � ed'1 P
n OmmmNr�°nm °n umou°pin000 °m n a °n
E
J
M
E
N
N
C
W
6 6
y J
J m
Q V
U n
C C
LL
�r
O a
U W
N
0
o.
w
O y
0 L
O
N $ C m
W
c » m u m
U y y mq 2e-
m e m A L c E m m m q C y m
UmC01 =' imC 09mytr � Cyq
w g q C q y q m m O. D•q 2 L m g Y m
J C m> V L f q m W m q A O m S
0 r 6 01C y C m L O N y V A m N g LL f m 6
U A
m
Z m m m U LL LL LL J Z f E f
am Q m 3 N S U
N N r �P vl O
r N r
O r r
O O O O m
U
P N P O
r O r
o OI a i0 N
O O O
Q
m
q
Q Q Q Q
Z
N O O K
O O O
P O ry o
N M N N N
O
e O O
O O O O
'
O O O
O
°m
Xm N<O
M n O N
W A
e 0 e n Y
9 9
m m
U U
b p m
C C
c
O ]U(!
� q n
Z m T T 9 U
U g A c N
m d n m A H
q O
m 2 2 y U
m m q L
U m m m rc�
c
m
9
C
W �
C O
� o.
U L
V m
Q 5
c m �
y = LLC
L OJ
U U
r m W j
E L A s
m
J O p` T
0
Z i m
C 0 Q
}
D m O J
0
H
E
J
O
Z
T
O
t
U
N
A
0
F
0
U
p
A
C
m
c .c
o
a q
� O
m
ri u
q q
q LL
N �
° E
c �
EE
E o
� U
q N
9 9
q C
q 9
V LL
O q
6 J
L
v j
m �
O _
r � q
6
j 6 N
� q
Y 0 i
n a °
om
c a
O � q
q' C
mu °n Y
q P O
O M
L q
q O
u m m
V q
a A
c m
L A
m n y
q 9 L
m
m u U
� 9
v
m
C 0 0
7 V7 C
H
W
f
N
w
W
U
Z
s
O
rc
W T
a _ v
f >
o
N
T
O
� 6
m m
FO O
A
0 0
Q Q
Z
U� NMN N m NfmO N
w Y w n v m a m n m$ H r
N o:OJ m r d mN m °N
j m j m! m m M m M Imm O 1
2 Y
v 00
¢m
O
m
JO
r~
Z
a? a a a a a a a a a
M. Z Z Z Z Z Z Z Z Z
U n
n
D
c N
o D u
N
i 0 L m L
L m
J Q c o u A
A A A L c
p
O
d L O X O O M O
U
a
OM m o a o awo
D
a Q a 9
m 0
LL LL
A O N N N N N U U U U
O:
m
on
°m
m
V
0
E
m
c
c 0,
9
`m' C
C q
m E
x °-
c
E �
0 p
D o
= O
O m
L p
m C
N U
cco n
� m
m a
r ;
u o
U q
� m
m $
m C
F m
T
J V
Z n
O
F C
g E
y m
W >
� C
T
U
a
Q
c
a
E
n
d
a
a
rc
E
E
U
c
t-
m
W
c
O
Q
O
N
m
V
G N
9
�9
o c
nq
m U
N m
m,
i
x c
. n
E i
m
m u
� c
U C
W m
C L
a }?
e-
T p
m 9
`o
V m
m
q 'c
m umm�
L _
mN o m
_ V 0
EE T
NO n
L 1 9
u ° s
L O
3 � o
N m T
U m C
O
u� m
V N A
m N
� m m
> m �
�a>
L O 0
mss
C q
V m f
5
c 9
D
m
c >
_ c
� L
c
i
0 m
a3
c
� O
L A
u E
.T O
A m
C b
a'
mp
F Sc
O
9
m a
L U
A C
Lq
Y m
C �
a
an'
C L
N A
C U
nsm
E r
V c
c �
O q
0 �
c �
0
0 9
q m
T
C ml
C i
A j
W Q
a
a
r
a
T
9
c
6
L
i
9
E
m
m
`m
°a
m
V
V:
D
N
m
c »
O
E o
O V
N N
aw
c
` C
C
0
D
m
9
C
Cm m
b j
m �
C D
m
2
0
U
LL
L.
W
U
cm
E
m
c
O
Q
C
F
Q
N
u
c
Ol m 9
Q q m
m c E
E n -
n 1°
9 q L O
rc r D E
y'nc ry
E n m =
n� m
9 U
C m m N X r
m m Y L m a
r
T L L O
c E
Ol p mj
Q > ? L V N
N c p o c
N c o
U D i y Lb r
mL m O u N
m'-
CO
r j n r N
r N m T a
o
m E
E 0 0
U
i0 c
U
q U D m L 0
0 C r D L N
o mq m10E m
A
0 T y g q m
D �
q
5 s T m
Ot � L 0 O
m c v
W 6 O
C
a
N
Z
U
O
N
O
m
c
c
LL
m
c
Y
9
m
a`
E
nq
a
E
0
r
a
c
r
O
U
c
c
EE
d
0
K
c
O
a
N
F W
LL
o
;
a
f
0
n
0
w
y
N
Q_ W
y
f
Z
KO
m
J
�
q
O
m
~
.Z
C r
m
JO
r~
Z
a? a a a a a a a a a
M. Z Z Z Z Z Z Z Z Z
U n
n
D
c N
o D u
N
i 0 L m L
L m
J Q c o u A
A A A L c
p
O
d L O X O O M O
U
a
OM m o a o awo
D
a Q a 9
m 0
LL LL
A O N N N N N U U U U
O:
m
on
°m
m
V
0
E
m
c
c 0,
9
`m' C
C q
m E
x °-
c
E �
0 p
D o
= O
O m
L p
m C
N U
cco n
� m
m a
r ;
u o
U q
� m
m $
m C
F m
T
J V
Z n
O
F C
g E
y m
W >
� C
T
U
a
Q
c
a
E
n
d
a
a
rc
E
E
U
c
t-
m
W
c
O
Q
O
N
m
V
G N
9
�9
o c
nq
m U
N m
m,
i
x c
. n
E i
m
m u
� c
U C
W m
C L
a }?
e-
T p
m 9
`o
V m
m
q 'c
m umm�
L _
mN o m
_ V 0
EE T
NO n
L 1 9
u ° s
L O
3 � o
N m T
U m C
O
u� m
V N A
m N
� m m
> m �
�a>
L O 0
mss
C q
V m f
5
c 9
D
m
c >
_ c
� L
c
i
0 m
a3
c
� O
L A
u E
.T O
A m
C b
a'
mp
F Sc
O
9
m a
L U
A C
Lq
Y m
C �
a
an'
C L
N A
C U
nsm
E r
V c
c �
O q
0 �
c �
0
0 9
q m
T
C ml
C i
A j
W Q
a
a
r
a
T
9
c
6
L
i
9
E
m
m
`m
°a
m
V
V:
D
N
m
c »
O
E o
O V
N N
aw
c
` C
C
0
D
m
9
C
Cm m
b j
m �
C D
m
2
0
U
LL
L.
W
U
cm
E
m
c
O
Q
C
F
Q
N
u
c
Ol m 9
Q q m
m c E
E n -
n 1°
9 q L O
rc r D E
y'nc ry
E n m =
n� m
9 U
C m m N X r
m m Y L m a
r
T L L O
c E
Ol p mj
Q > ? L V N
N c p o c
N c o
U D i y Lb r
mL m O u N
m'-
CO
r j n r N
r N m T a
o
m E
E 0 0
U
i0 c
U
q U D m L 0
0 C r D L N
o mq m10E m
A
0 T y g q m
D �
q
5 s T m
Ot � L 0 O
m c v
W 6 O
C
a
N
Z
U
O
N
O
m
c
c
LL
m
c
Y
9
m
a`
E
nq
a
E
0
r
a
c
r
O
U
c
c
EE
d
0
K
Q
a
W
z
Z
W
H
U)
W
Z
Z
ui
Q
W
Q-
a
0
J
41
W
111
cZ
C Q
Owe"
O,
ZZMZ
Z W W
W =
ti
O
O
W
Q)
Q
O
W
U
Z3
N
W
ti
C
N
N
F
LL
M fm0 O M N O 0 y
inn W nNm
� ai.i umu
d N O y N O n n p
m a N m m N O
N m O W O m W W
X 0 0 N M M N N r
� O q
U 0 >
O
a.
m O
N
m N^ m N d
H
Ogg
6 O
m u O
O C J N N N� O 2 Z Z
a a °ao i n.-�
E
C C C@
f
o o o m o Z Z Z
a n O O N
> � N N V
QN N N
n
F
Z
W
F
W
K
a
i
U
0
� A
w c
n m
J
0 0
O
O. 6
m m
W W
e:
a a
a
C
a
0
o:
n
T
U
O
q
W
b
ac
m
F U
L 9
9 C
m O
L a
a n'
c v
m
C
O
U d
r T
C A
O
V .O
9 m
C p
A b
m
m
q L
m y
5
E
A
b O
C q
m b
Q C
O
� n
N O
LL �
E
L m
A C
U -
O
a
m
0I
N
C
E c
m
U
O
�LL u
m
O LL
U
5 L
m b
O 0 O a m O
m '° m m
O T A
<< V
b W
m a ry � a -°•
.n a °m
r Zi E o
_
N m 0 0 0 O
7 LL f U Z 0
A 0 O 0
0 0 J K
F
Z
W
F
W
K
a
i
U
0
� A
w c
n m
J
0 0
O
O. 6
m m
W W
e:
a a
a
C
a
0
o:
n
T
U
O
q
W
b
ac
m
F U
L 9
9 C
m O
L a
a n'
c v
m
C
O
U d
r T
C A
O
V .O
9 m
C p
A b
m
m
q L
m y
5
E
A
b O
C q
m b
Q C
O
� n
N O
LL �
E
L m
A C
U -
C
f0
C
7
H
O
W-
a
..0.....,..00..00...,
0
0 b b b m
v� p\ \ O W O O O \ 0 \ \ � \ \ W O O b b N\ \
8 n O o 0 0 0 O O O n— ti— O°
44 qq QQ 4 gg Q
= °s N t - - - clsa�
.� n
G
9
r N N N N N N N N N N N N N N N N N N N N N N N N
a r'1 ti
N N N N N N N N N N N N N N N N N N N N N N N N
It 0 8
C O$ M N O O O O O
N N N N N N N N N N N N N N N N N N N N N N N N
a r r g o 8 o g a 8 8 g o
N
N N N N N N N N N N N N N N N N N N N N N N N N
a a a a e e ti ti ti ti ff
m
a a a v a v a a a a v a v P e a v a s
o m o e
� m
m m m
a
co 0 0
0
- - V
E E
0 0
0 0 0
V
i o
c c u
w
� n m
3 0 "
9 °o
3 i
x x m c f
n n m u
_ V y
o a m
LL LL m i LL
E
v � _
� LL LL
6 O
V
Z
m �
c m'
o = o
y �
LL
LL LL m LL LL LL 0 c w 2 LL r
a
d" 0000000
v
o� e
a o 0 0 0 0 0 0
0
o_
O d
C 6
u o 0 25 $ $ $ 0 25
o ^ 0
� " E
6 � Q
m
L n� 0 O P N N v ry O
6 L Q a
N N N N N N N
a o
u^
dS o 0
f a o 0 0 0 0 0 0
v
m 0 0 0 0 0 0 0
� o
t�
o _
S o
_ Z
o =
o _
x
i�
a
S
x w°
C
� c o
o m
LL