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Home My WebLink About11 QUARTERLY INV RPT 01-20-04AGENDA REPORT Agenda Item Reviewed: City Manager Finance Director 11 MEETING DATE: JANUARY 20, 2004 TO: FROM: SUBJECT: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL G. W. JEFFRIES, CITY TREASURER QUARTERLY INVESTMENT REPORT 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 for the quarter ending December 31,2003 is rendered. GWJ:ts Attachment GWJ:QuartedylnvestmentReportDecember2003,doc PAR VALUE DESCRIPTION ~TY OF TUST~N INVESTMENT REPORT SUMMARY QUARTER ENbING b¢cember 31, 2~3 (U~udlted) Current Current Book Market Current Value Value Concentration $0 $o $o $o $o $o $35,000,000 N/A N/A N/A N/A CITY OF TUST~M: Time Deposits Negotiable Certificates of ~3epasit Commercial Paper B~nkers Acceptances Other Investments Federal Agencies Cash Deposits in Orange County Commingled Pool Local Agency Investment Fund § yrs No Limit $0 5 yrs 10% $0 gO days 25% $0 180 days 25% $0 § yrs No Limit $0 5 yrs 50% $0 5 yrs No Limit $34,923,264 N/A N/A $7,372,618 N/A N/A $17,277,987 M/A N/A $2,034,425 N/A N/A $18,916,814 $o $o o.00% $O $0 0.00% $O $0 $o $o 0.00% $O $0 O.OO% $o $o 0.00% $34,923,264 $35,076,796 43.37% $7,372,618 $7,372,618 9.167. $17.277,987 $17.277.987 21.467o $2,034,428 $2,034,425 2.53?° $18,916,814 $18,923,589 Z3.49% $80,525,108 $80,525,108 $80,685,415 100.00% PERFORMANCE MEASUREMENT: Weighted Average Portfolio Life (Days): Weighted Average Portfolio Yield: Current $ × Month Treasury B Ih 110.69 [ 1.59% 1.00% * Cash with Fiscal Agen,s are the Reserve and Construction funds held by Trus,ees for various City and [~bA bond issues. Investment options are limited to those specifically permitted by bond documents. Total City funds available for effective active mar~gement ore: $63,247,121 (1) PAR VALUE (2) CI'TY OF TUSTiN £NVEST~ENT RE£OR T INVESTMENT SCHEDULE A5 OF: December 31, Z003 UNAUDZTED (3) YIELD O[tZGINAL TO PURCHASE MATURZTY PURCHASE (4) (5) 1101-Time Deposits-No Limit I lJ0Z-Neg. Certificate of beposit-10%,M~x 5 yrs ll07-Commercial Paper-Z5%, Max 90 bays ll03-~ankers Acceptances-Z5%, Max 180Days II05-Feder~l A~encies-50% ll07-Other Investments 1109-U5 Treasury Bills/Bonds/Notes-No Limit $2,000,000 U5 Treasury Bill $2,000,000 U5 Treasury Notes $2,000,000 U5 Treasury Bill $2,000,000 U5 Treasury Notes $2,000,000 US Treasury Notes $2,000,000 US Treasury Bill $2,000,000 US Treasury Bill $2,000,000 US Treasury Notes $2,000,000 U5 Treasury Notes $2,000,000 US Treasury Notes $2,000,000 US Treasury Notes $2,000,000 US Treasury Notes $2,000,000 US Treasury Notes $2,0OO,000 US Treasur-/Notes $2,000,000 US Treasury Notes $5,000,000 US Treasury Notes $35,000,000 Daily-No Limit eurrent Totals: Current Totals: Current Totals: I Current Totals: 0.95% 0.97?° 07/24/03 01/22/04 3.00% 3,04% 01/31/02 01/31/04 1.05% 1.06% 08/28/03 02/26/O4 3.00% 3.06% 02/28/02 02/29/04 3.63% 3.71% 03/31/02 03/31/04 1.00% 1,04% 10/09/03 04/08/04 1.02% 1.04% 10/30/03 04/29/04 3.38% 3.38% 04130/02 04/30/04 1,01% 1.03% 11/28/03 05/27/O4 3.25% 3.27% 05/31/02 05/31/04 2,25% 2.27% 07/31/02 07/31/04 2.137. 222% 09130102 08/31/04 1.88% 1.92% 09/30/02 09/30/04 g.13% 2,14% 10/31/02 10/31/04 2,00% 2.12% 12/02/02 11/30/04 1.13% 1,17°/, 06/30/03 ' 06/30/05 1 Cash-1001 (Includes Overnight Sweep) 0.60% Deposits with Fiscal Agents-"03 Refunding Water Bonds NIA Deposits with Fiscal Agents-Assess. Dist. Deposits with Fiscal Agent$-Co. Wide Fin Auth. NIA Deposits with Fiscal Agents-Tax Allocation Bonds NIA Deposits in Orange County Commingled Investment Pool 1.15% Local Agency Investment Fund-Il02 1.54% $o I $o j (6) $0 $0 J $0 (6) $0 $o J (6) $o o ] (6) $o o ] (6) $0 $0 I (6) $I,990.400 $1,990.400 $1.999,091 $1,998,500 $1,998,500 $2,003,120 $1,989,480 $1,989,480 $1,997,472 $1,997,728 $1,997,728 $2,006,260 $1,996,940 $1,996,940 $2,013,120 $1,989,940 $I,989,940 $1,995,101 $1,989.680 $1.989,680 $1,994,041 $2,000,000 $2,000,000 $2,015,620 $1,989,840 $1,989,840 $1,992,621 $1,999,080 $1,999,080 $2,018,120 $1.999,220 $1,999.220 $2,013,760 $1,996,316 $1,996,316 $2,013,760 $1,996,680 $1,996,680 $2,011,260 $1.999,420 $1.999,420 $2,015,620 $1,995,340 $1,995,340 $2,014,380 $4,994,700 $4,994,700 $4,973,450 Current Totals: $34,923,264 $34,923,264 $35,076,796 I 43.37% ) (6) (7) (8) (8) (g) TOTAL CITY INVE5TMENT5 $7,372,618 $7,372,618 $1,230,962 $1,230,962 $12,979,005 $12,979,005 $109,267 $109,267 $2,958,753 $2,958.753 $2,034,425 $2,034,425 $18,916,814 $18,923,589 $45,601,844 $45,608,619 56.63% $80,525,108 $80,685,415 PERFORMANCE MEASU[~EMENT: 110.691.59% Weighted Average Portfolio Maturity (Days): Weighted Avernge Portfolio Yield: Current Six Month Treasur*/Bill: 1.00%J FOOTNIOTES: (t) PAR VALUE is the full value of the security before any discount or premium is Paid at purchase. (5) OESC~IPTION-LIMTT5 reflects the various authorized investments os documented in the most current adopted investment policy and the allowable percentage of total portfolio per investment type. (3) Origi~l Purchase Price is the amount p~id for secur~tles less any dlscount plus any premium. (4) Current Book Value is origi~l cost of securities less receipt of prlncipol Payments, net of amortized premiums/discounts. (5) Current Market Value is the price at which similar securltics ore currently trading. Current m~rket values are provided by ·:mk Of Amer~r~ and ~nk of New York on oll securities held in s~fekeeping for the City and ~DA. ~ifferences in value ace booked only if the securities ore said prio~ to their m~turities. (6) Current percent~e by investment type to be measured ~gainst allowable limits in current investment policy at time of purchase. Maximum ratio limits calculated using current book values and m~/chang~ os the total portfolio char~es. (7) Earnim'js allowance on compens(ltin~ bank balances to offset bank (lctivity charges. Allowance is included in the Average Yield c~lculotlon. The cosh bala;~ces include amounts "swept" from account for overnight investments. (8) ~nvestm~nts and e~rnings on monies held by fiscal agents generally c~re limited as to type and yield by the bond documents or current 1'R$ codes. (9) The becembe~ 30 Market Value for LA[F was not available at the time this report was prepared. The Novembe~ 30 Fair Market Value waS $5~,863,033,[63. The City's share of that value is ttS,gZ3,58g. I certify that this report reflects alt City and RDA pooled inves,ments. The inves,ments 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. 0