The URL can be used to link to this page

Home My WebLink About05 QUARTERLY INV RPT 07-19-04 AGENDA REPORT Agenda Item 5 Reviewed: ~ City Manager Finance Director MEETING DATE: JULY 19, 2004 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: G. W. JEFFRIES, CITY TREASURER SUBJECT: 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 June 30, 2004 is rendered. GWJ:ts Attachment GW J :Quarter1yl nvestmentReportJ u ne2004 . doc CITY OF TUSTIN INVESTMENT REPORT SUMMARY QUARTER ENDING June 30. 2004 (Unaudited) Allowable Original Current Current Maximum Portion of Purchase Book Market Current PAR VALUE DESCRIPTION Maturity Portfolio Total Value Value Concentration CITY OF TUSTIN: $0 TIme Deposits 5yrs No Umlt $0 $0 $0 0.00% $0 Negotiable Certificates of Deposit 5yrs l00A> $0 $0 $0 0.00% $0 Commercial Paper 90 days 25% $0 $0 $0 0.00% $0 Bankers Acceptances 180 days 25% $0 $0 $0 0.00% $0 Other Investroents 5yrs No Umlt $0 $0 $0 0.00% $0 Federal Agencies 5yrs 500A> $0 $0 $0 0.00% $29.000.000 U. S. Treasuries 5yrs No Umlt $28.899.562 $28.899.562 $28.923.590 34.06% NjA Cash NjA NjA $1.290.240 $1.290.240 $1.290.240 1.52% NjA Cash with Fiscal Agents' NjA NjA $20.539.435 $20.539.435 $20.539.435 24.21% NjA Deposits In Orange County Commingled Pool NjA NjA $2.050.417 $2.050.417 $2.050.417 2.42% NjA Local Agency Investroent Fund NjA NjA $32.067.010 $32.067.010 $32.075.400 37.79% $84.846.664 $84.846.664 $84.879.082 1O0.000A> PERFORMANCE MEASUREMENT: Weighted Average Portfolio Ufe (Days): Weighted Average Portfolio Yield: Current 90 Day Treasury Bill: 60.38 1.500A> 1.300A> Cash with Fiscal Agents are the Reserve and Construction funds held by 1ìustees for various City and RDA bond Issues. Investroent options are limited to those specifically permitted by bond documents. Total City funds available for effective active management are: $64.307.229 CITY OF TUSTIN INVESTMENT REPORT INVESTMENT SCHEDULE AS OF: June 30. 2004 UNAUDITED (3) (4) (5) YIELD ORIGINAL CURRENT CURRENT (I) (2) TO PURCHASE MATURITY PURCHASE BOOK MARKET PAR VALUE DESCRIPTION-UMITS COUPON MATURITY DATE DATE PRICE VALUE VALUE I 10 I-TIme Deposits-No Umlt Current Totals: $0 $0 $0 (6) I IOI-Neg. Certificate of Deposlt-IO%.Max 5 yrs Current Totals: $0 $0 $0 (6) 1107-Commercial Paper-25%. Max 90 Days Current Totals: $0 $0 $0 (6) 1103-Bankers Acceptances-25%. Max 180Days Current Totals: $0 0 $0 I 105-Federai Agencies-500A> (6) Current Totals: $0 0 $0 1107-0ther Investroents (6) Current Totals: $0 $0 $0 (6) I 1O9-US Treasury Bills/Bonds/Notes-No Umit $2.000.000 US Treasury Bill 0.99% 1.01% 01/02/04 07/01/04 $1.990.000 $1.990.000 $1.999.940 $2.000.000 US Treasury Bill 0.96% 0.97% 01/29/04 07/29/04 $1.990.340 $1.990.340 $1.998.210 $2.000.000 US Treasury Notes 2.25% 2.27% 07/31/02 07/31/04 $1.999.220 $1.999.220 $2.001.880 $2.000.000 US Treasury Bill 0.99% 1.00% 02/26/04 08/26/04 $1.989.940 $1.989.940 $1.996.360 $2.000.000 US Treasury Notes 2.13% 2.22% 09/30/02 08/31/04 $1.996.316 $1.996.316 $2.003.120 $2.000.000 US Treasury Bill 0.990/0 1.01% 03/25/04 09/23/04 $1.990.000 $1.990.000 $1.994.240 $2.000.000 US Treasury Notes 1.88% 1.92% 09/30/02 09/30/04 $1.996.680 $1.996.680 $2.002.810 $2.000.000 US Treasury Bill 0.99% 1.88% 04/29/04 10/28/04 $1.988.220 $1.988.220 $1.990.470 $2.000.000 US Treasury Notes 2.13% 2.14% 10/31/02 10/31/04 $1.999.420 $1.999.420 $2.003.750 $2.000.000 US Treasury Bill 0.99% 1.37% OS/27/04 11/26/04 $1.986.326 $1.986.326 $1.987.580 $2.000.000 US Treasury Notes 2.000A> 2.12% 12/02/02 11/30/04 $1.995.340 $1.995.340 $2.003.750 $2.000.000 US Treasury Bill 0.990/0 1.71% 06/24/04 12/24/04 $1.983.060 $1.983.060 $1.984.450 $5.000.000 US Treasury Notes 1.13% 1.1 7% 06/30/03 06/30/05 $4.994.700 $4.994.700 $4.957.030 $29.000.000 Current Totals: $28.899.562 $28.899.562 $28.923.590 34.06% (6) Dally-No Umlt Current Total: $1.290.240 $1.231.155 $17.193.493 $84.293 $2.050,494 $2.050,417 $32.067.010 $55.947.102 65.94% I $1.290.240 $1.231.155 $17.193,493 $64.293 $2.050.494 $2.050.417 $32.075.400 $55.955,492 Cash-1O0l (Includes OverIÚght Sweep) Deposits with Fiscal Agents-"03 Refunding Water Bonds Deposits with Fiscal Agents-Assess. Dlst. Deposits with Fiscal Agents-Co.Wlde Fin Auth. Deposits with Fiscal Agents-Tax Allocation Bonds Deposits In Orange County Commingled Investroent Pool Local Agency lnvestroent Fund- I 102 0.60% N/A N/A N/A N/A 1.19% 1.56% (7) (8) (8) (8) (8) (9) TOTAL CITY INVESTMENTS $84.846.664 $84.879.082 PERFORMANCE MEASUREMENT. Weighted Average Portfolio Maturtty (Days): Weighted Average Portfolio Yield: Current 90 Day Treasury Bill: 60.38 1.50% 1.300A> OCCMP 2% LAIF 38% CITY OF TUSTIN INVESTMENT REPORT Quarter Ending .June 30, 2004 Treasury BillslNotes 34% Cash 2% Cash with Fiscal Agents 24% Federal Agencies 0% FQQTIIIOTES: (I) PAR VALUE Is the full value of the security before any discount or premium IS paid at purchase. (2) DESCRIPTION-UMITS refiects the various authorized Investroents as documented In the most current adopted Investroent policy and the allowable percentage of total portfolio per investroent type. (3) Original Purchase PrIce Is the amount paid for securities less any discount plus any premium. (4) Current Book Value Is original cost of securities less receipt of principal payments. net of amortized premiums/discounts. (5) 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 salekeeplng for the City and RDA. Differences In value are booked OIùy If the securtties are sold prior to their maturities. (6) Current percentage by Investroent type to be measured against allowable limits In current Investroent policy at time of purchase. Maximum ratio limits calculated using current book values and may change as the total portfolio changes. (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 "swept" from account for ovenúght Investroents. (8) Investroents and earnings on monies held by fiscal agents generally are limited as to type and yield by the bond documents or current IRS codes. (9) The June 30 Market Value for LAlFwas not avaIlable at the time this report was prepared. The May 31 Fair Market Value was $64.998.302.919. The City's share of that value IS $32.075.400. CERTIFICATION: I certiJ'y that this report reflects all City and RDA pooled lnvestroents. The Investroents represented In this report are in conformity with the current adopted Investroent policy of the City of Tustin. The market values represented In this report are provided by Custodians and 1ìustees currently holding securities for the City and Agency. The Investroent 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 53646 of the Government Code.