HomeMy WebLinkAbout10 QUARTERLY INVESTMENT REPORTMEETING DATE:
TO:
FROM:
AGENDA REPORT
MAY 5, 2015
JEFFREY C. PARKER, CITY MANAGER
Agenda Item 10
Reviewed:
City Manager
Finance Director
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 March 31, 2015 is rendered.
Other than normal recurring revenues and expenditures there were no significant impacts to cash
and investments during the quarter ending March 31, 2015. The weighted average portfolio yield
of 0.83% remained the same as the quarter ending December 31, 2014.
Pamela Arends-King
Finance Director/City Treasurer
Attachment: March 31, 2015 Quarterly Investment Report
CITY OF TUSTIN
and THE SUCCESSOR AGENCY FOR THE TUSTIN
COMMUNITY REDEVELOPMENT AGENCY
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11
CITY OF TUSTIN and THE SUCCESSOR AGENCY FOR THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
DISTRIBUTION OF CASH AND INVESTMENTS
March 31, 2015
DISTRIBUTION OF CASH AND INVESTMENTS
Total Investments as of 0313112015: $184,866,376
US Treasury
$29,949,837
—16.20%
Liquid (Daily)
$47,234,759
Corporate_
Bonds
$16,369,289
8.85%
Negotiable
Certificate of
Deposit
$12,152,000
6.57%
Municipal
Bonds
$2,006,632
1.09%
I
DISTRIBUTION OF CASH AND INVESTMENTS
Total Investments as of 0313112014: $154,888,422
US Treasury
22,914,961
1 A 749A
i
Corporate
Bonds
$9,013,228
5.82%
Negotiable
Certificate of
Deposit
$5,701,290
3.68%
�Municlpal
Bonds
$1,004,390
0.65%
ral
Agencies
$40,438,333
26.11%
CITY OF TUSTIN and THE SUCCESSOR AGENCY FOR THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
PORTFOLIO WEIGHTED AVERAGE
March 31, 2015
800
700
600
500
400
300
200
100
WEIGHTED AVERAGE PORTFOLIO LIFE (DAYS)
0
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0�3 titi\� b\3 0\3 r5\3 titi�� b\3
-Cz=-Weighted Average Portfolio Life (Days)
2
WEIGHTED AVERAGE PORTFOLIO YIELD (%) vs. BENCHMARKS
1.00%
0.90%
- —
0.80%
i
ivi
0.70sa
0.60%
J-
0.50%
0.40%
0.30%
0.20%
--
0.10%
--
- -
0.00%
+
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N N m
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,-i
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.1
a
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a
u9
. q
0 0
N N
0 0 0
N N N
0
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0
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0 0
N N
0
N
0
N
0
N
0
N
-4
o
o
M M
\ \
m m M
\ \ \
M
\
M
\
M m
\
M
\
M
\
M
\
m
\
M l0
rn M
l0
01
m
M
l0
Ol
M
Tustin Weighted Average
Portfolio Yield
(%)
Treasury Yield
(24 -month
Daily) (%)
-t-LAIF Yield (%)
CITY OF TUSTIN and THE SUCCESSOR AGENCY FOR THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
DISTRIBUTION OF INVESTMENT LIQUIDITY and COMPLIANCE WITH INVESTMENT POLICY
March 31, 2015
25.0%
20.0'%
15.0%
10.09'0
5.0%
0.0%
Liquidity Distribution
---- — — — M Up to l year
t 2 years
3years
4 years
5 years
■ > 5 years
t T
Up to 1 2 years 3 years 4 years 5 years > 5
year years
�Gsz>
3
Compliance with Investment Limitations
Total %
Invested
Compli+
Commercial Notes:
< 15% of total portfolio
8.85%
Yes
< 5 years remaining maturity
n/a
Yes
Commercial Paper:
<_ 25% of total portfolio
0.00%
Yes
<_ 270 days remaining maturity
n/a
Yes
If 2:15% of total portfolio, weighted avg
must be <_ 90 days
n/a
Yes
Municipal securities:
< 15% of total portfolio
1.09%
Yes
< 5% in one issuer
1.09%
Yes
Federal agency bonds or notes:
< 75% of total portfolio
41.73%
Yes
<_ 5 years remaining maturity
n/a
Yes
U.S. Treasury securities:
<_ 5 years remaining maturity
n/a
Yes
Negotiable Certificates of Deposit
< 30% of total portfolio
6.57%
Yes
Maturity limitations:
<_ 5 years maturity
n/a
Yes
75% of Fiscal Year General Fund
Budgeted Expenditures <_ 1 year
102.06%
Yes
Commercial Paper and Commercial Notes:
< 5% of total portfolio in one issuer
3.33%
Yes
CITY OF TUSTIN and THE SUCCESSOR AGENCY FOR THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
CORPORATE BOND RATINGS
March 31, 2015
Berkshire Hathaway Finance Global Sr Unsecured
Toyota Motor Credit Corp Domestic MTN Sr Unsecur
Berkshire Hathaway Finance Global Sr Unsecured
Royal Bank of Canada
BB&T Corporation
JPMorgan Chase & Co Global Sr Unsecured
John Deere Capital Corp
Wal-Mart Stores Inc.
Toyota Motor Credit Corp Domestic MTN Sr Unsecur
084664BX8
$2,000,000
Rating at
Purchase
AA
Current Rating
Moody's S&P
Fitch
Compli
Aa2 AA A+
Yes
89233P5S1
2,000,000
AA-
Aa3
AA-
A
Yes
084670BD9
4,000,000
AA
Aa2
AA-
A+
Yes
78019UD20
1,000,000
Aa3e
Aa3
AA-
AA
Yes
05531FAM5
1,000,000
A2
A2
A-
A+
Yes
46625HJG6
2,000,000
A
A3
A
A+
Yes
24422ESB6
2,125,000
A2
A2
A
A
Yes
931142DF7
1,000,000
AA
Aa2
AA
AA
Yes
89236TBP9
1,000,000
A
Aa3
AA-
A
Yes
The City's investment policy requires that corporate issuances have at least an 'A' rating from one of the three rating agencies
at the time of purchase.
4
CITY OF TUSTIN and THE SUCCESSOR AGENCY FOR THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY INVESTMENT REPORT
INVESTMENT SCHEDULE AS OF:
MARCH 31, 2015
(1)
DESCRIPTION -LIMITS
CUSIP
(2)
PAR VALUE
COUPON/
Dollar Price
YIELD
TO
MATURITY
(3)
RATING
PURCHASE
DATE
MATURITY
DATE
(4)
ORIGINAL
BOOK
PRICE
(5)
CURRENT
BOOK
VALUE
(6)
CURRENT
MARKET
VALUE
US TREASURY BILLS/NOTES-No Limit:
U.S. Treasury Note
91282BA67
$3,000,000
$99
0.42%
01/08/14
12/31/15
$2,990,165
$2,990,165
$3,000,468
U.S. Treasury Note
912828WF3
3,000,000
$99
0.63%
05/13/14
11/15/16
3,008,803
3,008,803
3,007,734
U.S. Treasury Nate
912828874
2,000,000
99
0.64%
02/12/15
02/15/17
2,005,148
2,005,148
2,003,282
U.S. Treasury Note
912828874
5,000,000
$99
0.64%
11/05/14
02/15/17
5,005,048
5,005,048
5,008,205
U.S. Treasury Note
912828WP1
5,000,000
$99
0.92%
06/11/14
06/15/17
4,993,479
4,993,479
5,026,170
U.S. Treasury Note
912828TGS
5,000,000
$99
0.58%
07/31/12
07/31/17
4,979,333
4,979,333
4,980,860
U.S. Treasury Note
912828/398
2,000,000
$99
1.06%
09/16/14
06/15/17
1,996,774
1,996,774
2,013,750
U.S. Treasury Note
912828TWO
3,000,000
$99
1.05%
07/14/14
10/31/17
2,975,523
2,975,523
2,999,766
U.S. Treasury Note
912828U37
2,000,000
$99
1.04%
11/24/14
01/31/18
1,995564
1,995,564
2,001,718
$30,000,000
$29,949,837
$29,949,837
$30,041,953
FEDERAL AGENCIES .75% Limit:
Freddie Mac
3134G54C6
2,000,000
$100
0.50%
AAA
04/28/14
05/20/16
2,000,000
2,000,000
2,000,026
Freddie Mac Global Bond
3134GSGE9
3,000,000
$100
0.57%
AAA
08/26/14
08/26/16
3,000,000
3,000,000
3,000,613
Federal Home Loan Bank US Domestic
313370TWS
4,000,000
$102
0.64%
Aaa
08/25/14
09/09/16
4,146,929
4,146,929
4,087,724
Freddie Mac Global Bond
3134GSHA6
3,000,000
$100
0.70%
AAA
09/14/14
09/19/16
3,000,000
3,000,000
3,000,858
Freddic Mac
3134G5LS2
2,000,000
$100
0.60%
AAA
11/17/14
11/17/16
2,000,000
2,000,000
1,996,176
Freddie Mac Global Band
3134GSSB2
3,000,000
$100
0.75%
AAA
12/19/14
12/19/16
3,000,000
3,000,000
2,999,263
Freddie Mac
3134G5VG7
2,000,000
$100
0.78%
AA+
12/29/14
12/29/16
2,000,000
2,000,000
2,002,320
Freddie Mac
3134G5AQ8
2,000,000
$100
0.70%
AAA
06/11/14
12/30/16
2,000,000
2,000,000
2,000,574
Freddie Mac
3134G54B8
3,000,000
$99
0.90%
AAA
04/28/14
02/15/17
3,000,000
3,000,000
3,002,263
Freddie Mac
3134G6AY9
3,500,000
$100
0.70%
Aaa
02/17/15
02/17/17
3,500,000
3,500,000
3,500,969
Federal Home Loan Bank Global Bond
313OA27EO
2,000,000
$100
0.80%
Aaa
06/30/14
03/24/17
2,000,000
2,000,000
2,002,360
Federal Home Loan Bank
313OA3ML5
2,000,000
$100
0.75%
Aaa
12/30/14
03/30/17
2,000,000
2,000,000
1,998,630
Federal Farm Credit Bank
3133EELS7
1,000,000
$100
0.88%
Aaa
01/27/15
07/27/17
1,000,000
1,000,000
999,623
Federal Home Loan Bank Global Bond
3130A4BE1
2,000,000
$100
1.05%
AA+
02/25/15
08/25/17
2,000,000
2,000,000
2,004,768
Fannie Mae
3135GOPD9
6,000,000
$99
1.09%
AAA
02/10114
09/27/17
5,015,765
5,015,765
4,980,950
Federal Home Loan Bank US Domestic
3130AIGZ5
2,000,000
$100
1.35%
Aaa
04/17114
10/17/17
2,000,000
2,000,000
2,000,776
Feddle Mae
3134GSMP7
2,000,000
$100
1.13%
AAA
11/03/14
11/03/17
2,000,000
2,000,000
2,001,398
Federal Home Loan Bank - US Domestic
313OA44P4
2,000,000
$100
1.00%
AAA
02/27/15
11/27/17
2,000,000
2,000,000
2,004,656
Federal Home Loan Bank- US Domestic
3130AOWLO
1,000,000
$100
1.20%
Aaa
02/28114
11/28/17
1,000,000
1,000,000
1,000,103
Fannie Mae
3136GOTDS
1,000,000
$99
1.00%
AAA
07/21/14
12/28/17
994,594
994,594
997,196
Fannie Mae
3136G23B1
2,000,000
$100
1.30%
AAA
08/15/14
02/15/18
2,000,000
2,000,000
2,004,322
Federal Farm Credit Bank
3133EDQM5
2,000,000
$100
1.11%
Aaa
02/20/15
02/20/18
2,000,000
2,000,000
2,003,508
Fannie Mae
3136GIDGI
2,000,000
$99
1.05%
AAA
07/01114
02/27/18
1,994,233
1,994,233
1,985,172
Federal Home Loan Global Bond
31338ZA94
1,500,000
$98
1.25%
Aaa
12/19113
02/28/18
1,496,781
1,496,781
1,501,127
Freddie Mac
3134G35Y2
2,000,000
$99
1.17%
AAA
03/13/14
03/12/18
1,986,065
1,986,065
2,001,136
Federal Farts Credit Bank
3133EELNS
3,000,000
$100
1.23%
Aaa
01/20/15
04/23/18
3,000,000
3,000,000
2,997,051
Federal Farts Credit Bank
3133EDL75
1,000,000
$100
1.41%
AAA
05108/14
05/08/18
1,000,000
1,000,000
1,001,195
Freddie Mac
3134G46D5
2,000,000
$99
1.29%
AAA
06/03/14
06/12/18
2,004,400
2,004,400
1,996,120
Fannie Mae
3136G2B71
1,000,000
$100
1.40%
AAA
12122/14
6/22118
1,000,000
1,000,000
1,001,975
Federal Home Loan Bank Global Bond
313381U60
2,000,000
$99
1.15%
Aaa
07/14/14
07/25/18
1,990,797
1,990,797
1,994,106
Fannie Mae
3136GOSP7
250,000
$99
1.45%
AAA
06/03/14
10/30/18
249,485
249,485
250,064
(4)
(5)
(6)
YIELD
ORIGINAL
CURRENT
CURRENT
(1)
(2)
COUPON/
TO
(3)
PURCHASE
MATURITY
BOOK
BOOK
MARKET
DESCRIPTION -LIMITS
CUSIP
PAR VALUE
Dollar Price
MATURITY
RATING
DATE
DATE
PRICE
VALUE
VALUE
FEDERAL AGENCIES - 75% Limit: (continued)
Federal Farm Credit Bank
3133EDN81
1,000,000
$100
1.85%
AAA
06/12/14
06/12/19
1,000,000
1,000,000
1,002,376
Freddie Mac
3134G57A7
2,000,000
$100
1.80%
AAA
06/26/14
06/26/19
2,000,000
2,000,000
2,006,706
Freddie Mac
3134GSEQ4
1,000,000
$100
2.00%
AAA
08/21/14
08/21/19
1,000,000
1,000,000
1,002,132
Federal Home Loan Bank US Domestic
3130A3NA8
1,000,000
$101
2.00%
Ass
12/02/14
09/17/19
1,013,460
1,013,460
1,008,338
Freddie Mac
3134G3N97
1,750,000
$99
1.55%
Asa
02/05/15
10/10/19
1,754,010
1,754,010
1,745,160
Freddie Mac Global Bond
3134G3V72
2,000,000
$99
1.66%
AAA
03/27/15
11/21/19
2,007,340
2,007,340
1,992,146
Federal Home Loan Bank (Step Up)
3130A4CB6
2,000,000
$100
1.25%
AAA
02/27/15
02/27/20
2,000,000
2,000,000
2,004,604
$77,000,000
$77,153,859
$77,153,859
977,078,364
MUNICIPAL BONDS -15 % Limit:
California St Txabl- General Obligation UNLTD
13063CPN4
$2,000,000
$100
1.15%
Aa3
12/04/14
11/01/17
$2,006,632
$2,006,632
$1,997,680
$2,000,000
$2,006,632
$2,006,632
$1,997,680
NEGOTIABLE CERTIFICATES OF DEPOSITS - 30% Limit
- FDIC Insured
Merrick Bank
59012Y3T2
248,000
$100
0.60%
300
06/21/13
06/22/15
248,000
248,000
248,195
Fanners & Merchant Bank TN
30246ACK2
248,000
$100
0.40%
190
06/27/13
06/26/15
248,000
248,000
248,203
First General Bank
320337AP3
248,000
$100
0.40%
296
06/26/13
06/26/15
248,000
248,000
248,207
Fox Chase Bank
35137QAP9
248,000
$100
0.40%
209
06/27/13
06/26/15
248,000
248,000
248,203
Lake Forest Bank & Trust
509685EQ2
248,000
$100
0.45%
283
06/28/13
06/29/15
248,000
248,000
248,207
North Shore Community Bank
662326BVB
248,000
$100
0.45%
217
06/28/13
06/29/15
248,000
248,000
248,212
Tradition Capital Bank
89269FBK0
248,000
$100
0.40%
203
07/03/13
07/02/15
248,000
248,000
248,216
Medallion Bank of Utah
58403BO33
248,000
$100
0.50%
300
06/26/14
12/28/15
248,000
248,000
248,006
Satre National Bank
78658QEP4
248,000
$100
0.55%
196
08/16/14
02/16/16
248,000
248,000
247,994
Enerbank USA
29266NASO
248,000
$100
0.65%
300
07/24/14
08/01/16
248,000
248,000
247,942
First National Bank Paragould
32114LAG4
248,000
$100
0.65%
294
07/24/14
08/01/16
248,000
248,000
247,942
TCF National Bank
872278GD2
248,000
$100
0.70%
230
07/24/14
08/01/16
248,000
248,000
248,105
Telmer Bank & Trust
87482VAA3
248,000
$100
0.70%
163
08/06/14
08/08/16
248,000
248,000
248,094
Flushing Bank
34387AAJ8
248,000
$100
0.70%
216
08/16/14
08/15/16
248,000
248,000
248,082
Great Southern Bank
39120VRK2
248,000
$100
1.00%
200
08/28/14
02/28/17
248,000
248,000
248,241
BMW Bank North America
05668p6w2
248,000
$100
1.00%
261
03/14/14
03/14/17
248,000
248,000
248,918
Ally Bank
02006LDPS
248,000
$100
1.00%
261
03/17/14
03/27/17
248,000
248,000
248,799
Barclays Bank/Delaware
06740KGE1
248,000
$100
1.05%
300
04/14/14
04/18/17
248,000
248,000
248,721
First Savings Bank
33621LAZ6
248,000
$100
1.10%
267
08/21/14
08/21/17
248,000
248,000
247,718
Provident Bank
743837BNS
248,000
$100
1.05%
239
08/21/14
08/21/17
248,000
248,000
247,498
Spring Bank
849430AC7
248,000
$100
1.00%
294
08/22/14
08/22/17
248,000
248,000
247,489
First Bank of Highland
319141CG0
248,000
9100
1.10%
190
08/27/14
08/28/17
248,000
248,000
247,497
Homebanc
43738AFQ4
248,000
$100
1.10%
149
08/27/14
08/28/17
248,000
248,000
247,497
Highland Bank
429882EKS
248,000
$100
1.05%
143
08/29/14
08/29/17
248,000
248,000
247,488
Synovus Bank
87164DFK1
248,000
$100
1.15%
223
08/29/14
08/29117
248,000
248,000
247,781
Traditions Bank
89269CBJ0
248,000
$100
1.20%
229
07/18/14
01/18/18
248,000
248,000
248,470
Middleton Community Bank
596689EA3
248,000
$100
1.25%
252
07/09/14
02/09/18
248,000
248,000
248.535
Marlin Business Bank
57116AJE9
248,000
$100
1.45%
300
12/16/14
06/25/18
248,000
248,000
248,431
Third Federal Savings 8 Loan
884130AZ1
248,000
$100
1.25%
224
02/13/15
08/13/18
248,000
248,000
260,218
Wells Fargo Bank
94986TNE3
248,000
$100
1.83%
262
08/30/13
08/29/18
248,000
248,000
250,275
Sallie Mae Bank/Salt Lake City
79WORA5
248,000
$100
2.15%
300
10/30/13
10/30/18
248,000
248,000
253,284
HSBC Bank USA
40434AJV2
248,000
$100
1.25%
250
04/07/14
04/25/19
248,000
248,000
244,900
First Capital Bank
31944FBH2
248,000
$100
1.50%
166
01/14/15
05/28/19
248,000
248,000
250,748
GE Capital Retail Bank
36160KL60
248,000
$100
2.00%
300
05/27/14
05/30/19
248,000
248,000
250,492
Discover Bank
2646712E9
248,000
$100
2.00%
300
07/09/14
07/09/19
248,000
248,000
249,962
American Express Bank FSB
Bridgewater Bank
Connectone Bank
Capital One Bank USA
CIT Bank
American Express Centruion Bank
GE Capital Bank
Peoples United Bank
Bank of Georgetown
Pnvatebank & Trust Co
Machias Savings Bank
BMO Harris Bank (Step Up)
JP Morgan Chase Bank
Goldman Sachs Bank USA
CORPORATE BONDS - 10% Limit:
Berkshire Hathaway Finance Global Sr Unsecured
Toyota Motor Credit Corp Domestic MTN Sr Unsecur
Berkshire Hathaway Finance Global Sr Unsecured
Royal Bank of Canada
BB&T Corporation
JPMorgan Chase & Co Global Sr Unsecured
John Deere Capital Corp
Wal-Mart Stores Inc.
Toyota Motor Credit Corp Domestic MTN Sr Unsecur
DAILY -No Limit
Reconciled General Checking Account Ending Balance 0.24% N/A (7)
$18,718,045
$18,718,045
YIELD
10,416,746
10,416,746
Local Agency Investment Fund 0.28% N/A
ORIGINAL
CURRENT
CURRENT
$47,234,759
(2)
COUPON/
TO
(3)
PURCHASE
MATURITY
BOOK
BOOK
MARKET
CUSIP
PAR VALUE
Dollar Price
MATURITY
RATING
DATE
DATE
PRICE
VALUE
VALUE
02587CAC4
248,000
$100
1.95%
300
07/10/14
07/10/19
248,000
248,000
249,956
108622EE7
248,000
$100
1.55%
276
01/14/15
07/26119
248,000
248,000
250,781
20786ABA2
248,000
$100
1.55%
219
01/14/15
07/29119
248,000
248,000
260,755
140420QN3
248,000
$100
2.00%
300
11/05/14
11/05/19
248,000
248,000
249,953
17284C2R4
248,000
$100
2.15%
284
11/06/14
11/05/19
248,000
248,000
251,034
02587DWKO
248,000
$100
2.20%
300
12/21/14
11/29/19
248,000
248,000
249,826
36162PFS6
248,000
$100
1.80%
281
01/14/16
01/16/20
248,000
248,000
250,398
71270QLM6
248,000
$100
1.85%
206
01/14/15
01/21/20
248,000
248,000
250,346
06424%BT8
248,000
$100
1.65%
202
01/14/15
01/30/20
248,000
248,000
250,271
74267GUWS
248,000
$100
1.80%
277
01/14/15
01/30/20
248,000
248,000
260,147
554479DS1
248,000
$100
1.65%
254
02/06/15
02106/20
248,000
248,000
260,209
05573JR89
248,000
$100
2.07%
246
02/27/15
02127/20
248,000
248,000
246,402
48125T21_8
248,000
$100
2.00%
206
02/27/16
02/27/20
248,000
248,000
246,867
38148JMVO
248,000
$100
1.95%
287
03/11/15
03/11/20
248,000
248,000
248,213
$12,152,000
$12,152,000
$12,152,000
$12,193,728
0846648%8
$2,000,000
$100
0.60%
AA
03/19/14
08/15/16
$2,018,458
$2,018,468
$2,008,936
89233PSSI
2,000,000
$103
0.89%
AA-
08/21/14
01/12/17
2,059,442
2,059,442
2,042,458
0846708D9
4,000,000
$102
0.82%
AA
06/05/14
01/31/17
4,139,989
4,139,989
4,079,412
78019UD20
1,000,000
$100
1.17%
Aa3e
06/16/14
06/16/17
1,002,100
1,002,100
1,001,543
05631FAMS
1,000,000
$99
1.45%
A2
02118/15
01/12/18
1,001,430
1,001,430
1,001,736
46625HJGG
2,000,000
$100
1.75%
A
02/10/14
01/25/18
2,005,360
2,005,360
2,016,086
24422ESB6
2,125,000
$100
1.17%
A2
02/09/15
03/12/18
2,144,865
2,144,865
2,132,095
931142DF7
1,000,000
$99
1.35%
AA
11/24/14
04/11/18
994,209
994,209
1,001,219
89236TBP9
1,000,000
$100
2.06%
A
07/22/14
07/18119
1,003,436
1,003,436
1,015,949
$16,125,000
Current Totals:
$16,369,289
$16,369,289
$16,298,434
Reconciled General Checking Account Ending Balance 0.24% N/A (7)
$18,718,045
$18,718,045
Deposits in Orange Co. Investment Pool 0.39% (8)
10,416,746
10,416,746
Local Agency Investment Fund 0.28% N/A
18,099,968
18,099,968
Current Daily -No Limit Total:
$47,234,759
$47,234,759
Total:
$184,866,376
$184,844,918
CITY OF TUSTIN CASH AND INVESTMENTS
Unrestricted General Fund cash balance as of 03131/15 (unaudited)
$28,098,063
Semi -restricted cash balance as of 03/31/15 (unaudited) ( Capital Projects, Proceeds from Land Sales, Backbone Infrastructure)
53,390,143
Restricted Cash balances as of 03/31/15 (unaudited) (Water, Special Revenue Funds, Community Facility Districts, Bond Proceeds)
99,196,626
CITY OF TUSTIN CASH AND INVESTMENTS TOTAL:
$180,684,831
SUCCESSOR AGENCY FOR THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY CASH AND INVESTMENTS TOTAL.'
$4,181,545
PERFORMANCE MEASUREMENT:
Weighted Average Days to Maturity: 713
Weighted Average Portfolio Yield: 0.83%
Current 24 mo Treasury Equivalent: 0.56%
FOOTNOTES:
(1) DESCRIPTION -LIMITS reflects the various authorized Investments as documented In the most current adopted
Investment policy and the allowable percentage of total portfolio per Investment type.
(2) PAR VALUE Is the full value of the security before any discount or premium Is paid at purchase.
(3) Highest ratings from Standards 8 Poor's, Moody's or IDC Publishing Inc for bank ratings. IDC ratings are 1 (lowest) to 300 (highest).
(4) Original Purchase Price IS the amount paid for securities less any discount plus any premium.
(5) Current Book Value Is original cost of securities less receipt of principal payments, net of amortized premiums/discounts.
(6) Current Market Value Is the price at which similar securities are currently trading. Current market values are provided by
Bank of America and the State Treasurer's Office on all securities or deposits held In safekeeping for the City and the Successor Agency for the Tustin Community Redevelopment Agency.
Market value differences are only booked at year end.
(7) Earnings allowance on compensating bank balances to offset bank activity charges. Allowance Is included In the
Average Yield calculation. The cash balances Include amounts'swepV from account for overnight Investments.
(8) Orange County Treasury Money Market Fund rating is AAAm. Orange County Treasury Extended Fund is not rated by sponsor's choice.
(9) 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.
CERTIFICATION:
We centy that this report tell acts all CRY of Tustin and the Successor Agency for the Tustin Community Red evelopment Agency (SATCRA) pooled Investments.
Excluding the Barclays Bank PLC Domestic Sr. Unsecured bond, the Investments represented In this report are in
conformity with the currant adopted investment policy of the City of Tustin. The market valves represented in this report ate
provided by Custodians and Trustees currently holding securities for the City of Tustin and SATCRA
The Investment program herein shown provides sufficient cash flow liquidity to meet the next twelve (12) months estimated
expenditures, r. -.
This statement is prepared In conformance with Sectilpn 646 of the Government Code.
Signed: �Di�'. D d�_,�..�
Dan Erickson, Chair, City of Tustin Audit Commission Pamela Arends-King, Finance Director/ City Treasurer
(4)
(5)
(6)
YIELD
ORIGINAL
CURRENT
CURRENT
(1)
(2) COUPON/
TO
(3) PURCHASE MATURITY
BOOK
BOOK
MARKET
DESCRIPTION -LIMITS
CUSIP PAR VALUE Dollar Price
MATURITY
RATING DATE DATE
PRICE
VALUE
VALUE
Restricted Deposits with Fiscal Agents:
(9)
1998 RDA Tax Allocation Refunding Bonds
N/A
$1,689,858
§1,689,858
2010 RDA Housing Tax Allocation Bonds
N/A
1,872,598
1,872,598
2010 RDATax Allocation Bonds
N/A
2,827,688
2,827,688
2011 Water Revenue Bonds
N/A
2,306,4166
2,306,466
2012 Refunding Water Revenue Bonds
N/A
861,088
861,088
2013 Water Revenue Bonds
NIA
372,013
372,013
CFD041
N/A
761,089
761,089
CFD 06.1
N/A
5,909,731
5,909,731
CFD 07-1
N/A
1,476,413
1,476,413
Total Restricted Deposits with Fiscal Agents:
$18,076,944
$18,076,944
FOOTNOTES:
(1) DESCRIPTION -LIMITS reflects the various authorized Investments as documented In the most current adopted
Investment policy and the allowable percentage of total portfolio per Investment type.
(2) PAR VALUE Is the full value of the security before any discount or premium Is paid at purchase.
(3) Highest ratings from Standards 8 Poor's, Moody's or IDC Publishing Inc for bank ratings. IDC ratings are 1 (lowest) to 300 (highest).
(4) Original Purchase Price IS the amount paid for securities less any discount plus any premium.
(5) Current Book Value Is original cost of securities less receipt of principal payments, net of amortized premiums/discounts.
(6) Current Market Value Is the price at which similar securities are currently trading. Current market values are provided by
Bank of America and the State Treasurer's Office on all securities or deposits held In safekeeping for the City and the Successor Agency for the Tustin Community Redevelopment Agency.
Market value differences are only booked at year end.
(7) Earnings allowance on compensating bank balances to offset bank activity charges. Allowance Is included In the
Average Yield calculation. The cash balances Include amounts'swepV from account for overnight Investments.
(8) Orange County Treasury Money Market Fund rating is AAAm. Orange County Treasury Extended Fund is not rated by sponsor's choice.
(9) 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.
CERTIFICATION:
We centy that this report tell acts all CRY of Tustin and the Successor Agency for the Tustin Community Red evelopment Agency (SATCRA) pooled Investments.
Excluding the Barclays Bank PLC Domestic Sr. Unsecured bond, the Investments represented In this report are in
conformity with the currant adopted investment policy of the City of Tustin. The market valves represented in this report ate
provided by Custodians and Trustees currently holding securities for the City of Tustin and SATCRA
The Investment program herein shown provides sufficient cash flow liquidity to meet the next twelve (12) months estimated
expenditures, r. -.
This statement is prepared In conformance with Sectilpn 646 of the Government Code.
Signed: �Di�'. D d�_,�..�
Dan Erickson, Chair, City of Tustin Audit Commission Pamela Arends-King, Finance Director/ City Treasurer
CITY OF TUSTIN and THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY INVESTMENT REPORT
INVESTMENT SUMMARY
MARCH 31, 2015
Original Current Current
Purchase Book Market
Total Value Value
$29,949,837 $29,949,837 $30,041,953
77,153,859 77,153,859 77,078,364
2,006,632 2,006,632 1,997,680
12,162,000
12,162,000
12,193,728
Allowable
Total
16,298,434
18,718,045
Maximum
Portion of
Percentage
DESCRIPTION
PAR VALUE
Maturity
Portfolio
of Portfolio
U. S. Treasuries
$30,000,000
5 yrs
No Limit
16.2%
Federal Agencies
$77,000,000
Syrs
75%
41.7%
Municipal Bonds
$2,000,000
Syrs
15%
1.1%
Commercial Paper
$0
S yrs
16%
0.0%
Negotiable Certificates of Deposits
$12,152,000
NIA
30%
6.6%
Corporate Bonds
$16,125,000
5yrs
10%
8.9%
Cash
N/A
WA
N/A
10.1
Deposits in Orange County Commingled Pool
N/A
NIA
N/A
5.6%
Local Agency Investment Fund
N/A
NIA
NIA
9.8
100.0%
Restricted Cash with Fiscal Agents `
WA
NIA
NIA
Original Current Current
Purchase Book Market
Total Value Value
$29,949,837 $29,949,837 $30,041,953
77,153,859 77,153,859 77,078,364
2,006,632 2,006,632 1,997,680
12,162,000
12,162,000
12,193,728
16,369,289
16,369,289
16,298,434
18,718,045
18,718,045
18,718,045
10,416,746
10,416,746
10,416,746
18,099,968
18,099,966
18,099,968
$184,866,376 $184,866,376 $184,844,918
18,076,944 18,076,944 18,076,941
$202,943,319 $202,943,319 $202,921,862
PERFORMANCE MEASUREMENT:
Weighted Average Portfolio Life (Days): 713
Weighted Average Portfolio Yield: 0.83%
Current 24 mo Treasury Equivalent, 0.66%
Cash with Fiscal Agents are the Reserve and Construction funds held by Trustees for various City and RDA bond issues.
City of Tustin and The Successor Agency for the Tustin Community Redevelopment Agency
January 2015 through March 2015 Investment Transactions
Description
CUSIPN
Trade Date
Settlement Date
ParAmount
Principal
Accrued
Interest
Total
Purchase
Price
Maturity Date
Cnupon
Bate
Yield to
Maturity
First Capital Bank (Negotiable CD)
31944FBH2
01/14/15
01./28/15
$
248,000
$
248,000
$
-
$
248,000
05/28/19
$
0
1.50%
Bridgewater Bank (Negotiable CD)
108622EE7
01/14/15
01/27/15
$
248,000
$
248,000
$
-
$
248,000
07/26/19
$
0
1.55%
ConneRone Bank (Negotiable CD)
20786ABA2
01/14/15
01/28/15
$
248,000
$
248,000
$
-
$
248,000
07/29/19
$
0
1.55%
GE Capital Bank (Negotiable CD)
36162PFS6
01/14/15
01/16/15
$
248,000
$
248,000
$
-
$
248,000
01/16/20
$
0
1.80%
Peoples United Bank (Negotiable CD)
71270QLM6
01./14/15
01/21/15
$
248,000
$
248,000
$
-
$
248,000
01/21/20
$
0
1.85%
Bank of Georgetown (Negotiable CD)
06424XBT8
01/14/15
01/30/15
$
248,000
$
248,000
$
-
$
248,000
01/30/20
$
0
1.65%
Privatebank & Trust Co. (Negotiable CD)
74267GUW5
01/14/15
01/30/15
$
248,000
$
248,000
$
-
$
248,000
01/30/20
$
0
1.80%
Federal Farm Credit Bank (Federal Agency Bond)
3133EELNB
01/20/15
01/23/15
$
3,000,000
$
3,000,000
$
-
$
3,000,000
04/23/18
$
0
1.23%
Federal Farm Credit Bank (Federal Agency Bond)
3133EEL57
01/20/15
01/27/15
$
1,000,000
$
1,000,000
$
-
$
1,000,000
07/27/17
$
0
0.88%
Freddie Mac (Federal Agency Bond)
3134G6AY9
01/26/15
02/17/15
$
3,500,000
$
3,500,000
$
-
$
3,500,000
02/17/17
$
0
0.70%
Federal Home Loan Bank (Federal Agency Bond)
3130MBE1
02/12/15
02/25/15
$
2,000,000
$
2,000,000
$
-
$
2,000,000
08/25/17
$
0
1.05%
Federal Home Loan Bank (Federal Agency Bond)
3130A44P4
02/04/15
02/27/15
$
2,000,000
$
2,000,000
$
-
$
2,000,000
11/27/17
$
0
1.00%
Federal Farm Credit Bank (Federal Agency Bond)
3133EEQM5
02/12/15
02/20/15
$
2,000,000
$
2,000,000
$
-
$
2,D00,000
02/20/18
$
0
1.11%
Freddie Mac (Federal Agency Bond)
3134G3N97
02/03/15
02/05/15
$
1,750,000
$
1,745,625
$
8,385
$
1,754,010
10/10/19
$
0
1.55%
Federal Home Loan Bank (Federal Agency Bond)(Step Up)
3130MCB6
02/12/15
02/27/15
$
2,000,000
$
2,000,000
$
-
$
2,000,000
02/27/20
$
0
2.19%
BB&T Corporation (Corporate Bond)
05531FAM5
02/15/15
02/18/15
$
1,000,000
$
999,980
$
1,450
$
1,001,430
01/12/18
$
0
1.45%
John Deere Capital Corporation (Corporate Bond)
24422ESB6
02/04/15
02/09/15
$
2,000,000
$
2,133,585
$
11,280
$
2,144,865
03/12/18
$
0
1.17%
Third Federal Savings& Loan (Negotiable CD)
88413QAZ1
01/28/15
02/13/15
$
248,000
$
248,000
$
-
$
248,000
08/13/18
$
0
1.25%
Machias Savings Bank (Negotiable CD)
554479DS1
01/14/15
02/06/15
$
248,000
$
248,000
$
-
$
248,000
02/06/20
$
0
1.65%
BMO Harris Bank (Negotiable CD) Step Up)
05573JR89
02/11/15
02/27/15
$
248,000
$
248,000
$
-
$
248,000
02/27/20
$
0
2.06%
JPMorgan Chase Bank (Negotiable CO)
48125T218
02/11/15
02/27/15
$
248,000
$
248,000
$
-
$
248,000
02/27/20
$
0
2.00%
U.S. Treasury Note
912828874
02/11/15
02/12/15
$
2,000,000
$
1,999,000
$
6,148
$
2,005,148
02/15/17
$
0
0.65%
Goldman Sachs Bank USA (Negotiable CD)
381481MV0
03/11/15
03/11/15
$
248,000
$
248,000
$
-
$
248,000
11/21/19
$
-
1.95%
Freddie Mac (Federal Agency Bond)
3134G3V72
03/27/15
03/30/15
$
2,000,000
$
2,000,000
$
7,340
$
2,007,340
02/27/20
$
-
1.66%
10
SALES/MATO RITI ES/CA LLS
11
Purchase
Principal
Net Amortized
Sales/ Call
Principal
Sale/Maturity/
Gain/(Loss)
Premium
Coupon
Yield to
Description
CUSIP#
Trade Date
Maturity Date
Date
Paramount
Amount
Call Amount
on Principal
Interest
Rate
Maturity
Freddie Mac (Federal Agency Bond)(Sold)
3134G3XG0
01/14/15
06/28/19
01/16/15
$2,000,000
$ 1,971,000
$
1,984,000
$ 13,000
$
-
1.68%
1.68%
Federal Home Loan Bank (Federal Agency Bond) (Call)
3130AIG05
03/20/14
04/15/19
01/27/15
$ 1,000,000
$ 1,000,000
$
1,000,000
$ -
$
-
2.07%
2.07%
Comenity Capital Bank (Negotiable CO)(Matured)
20033ABL9
D6128/13
01/26/15
N/A
S 248,000
$ 248,000
$
248,000
S -
$
-
040%
040%
Freddie Mac (Federal Agency Bond)(Call)
3134G5KX2
10/13/14
10/30/19
01/30/15
$1,000,000
$ 11000,000
$
1,000,000
$ -
$
-
2.15%
2.15%
California State General Obligation Bond (Matured(
13063CPN4
03/27/13
02/01/15
N/A
$ 1,000,000
$ 1,000,000
$
1,000,000
$ -
$
-
0.85%
0.85%
Federal Home Loan Bank (Federal Agency Bond) (Call)
3130A2MT0
08/14/14
08/14/14
02/13/15
$ 2,100,000
$ 2,100,000
$
2,100,000
$ -
$
-
1.63%
1.63%
Federal Home Loan Bank (Federal Agency Bond) (Sale)
313375RN9
02/24/15
03/11/16
02/25/15
$ 3,000,000
$ 3,028,410
$
3,018,000
$ -
$
17,716
0.51%
0.51%
Farmer Mac (Federal Agency Bond) (Sale)
31315PGTO
02/25/15
09/15/15
02/26/15
$ 5,000,000
$ 5,171,100
$
5,046,875
$ -
$
124,225
0.63%
0.63%
Fannie Mae (Federal Agency Bond) (Sale)
3136G1MF3
12/12/13
11/20/17
03/09/15
$ 5,000,000
$ 4,940,000
$
4,940,000
5 -
$
-
0.85%
0.97%
11