HomeMy WebLinkAbout07 QUARTERLY INV. RPT. 04-16-01AGENDA ,3RT
MEETING DATE: APRIL 16, 2001
355:50
TO:
FROM'
SUBJECT:
HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
G. W. JEFFRIES, CCMT, CITY TREASURER
QUARTERLY INVESTMENT REPORT
No. 07
04-16-01
RECOMMENDATION'
Receive and file.
DISCUSSION:
In compliance with Government Code Section 53646, the attached Investment Report for the
quarter ending March 31, 2001 is rendered.
G. W. Jp~es, CCMT '
Treasufir
GWJ:ts
Attachment
GWJ:QuartedylnveslmentReportMarch2001 .doc
C£ TY OF T~I5 T~IV £1V VES Tt~ EIV T I~E?O~ T
CITY OF TUSTIN INVESTMENT REPORT
QUARTER ENDING March 31,200t
Other Investments
3.7% Treasury Bills/Notes
LAIF ~ 26.7%
26.3% .....
\ ........:....-::
'. ::~:~:~'~.~?.~.¥~:::~:~.:
Cash
Federal Agencies
$.$%
Cash with Fis~a! ~g~nts
28.3%
RDA INVESTMENT REPORT
QUARTER ENDING March 31,2001
LAIF .....
i! ""~' ' i~.~,!i:ii!iii-,,:.i::~:ii.:,i~::.i: :~i:~:~ ..... '.
I
Cash
'2.3.6%
"?"?.~i::i!iii!! .!!:~ i.~: !.'~ !i.::'i!i::~::.ii::~::~. :: :iiiiiii~iliiii!i~i!~iiiii~::i!i!iiiii!i~ii!~ :':.': ':i. ~'!: ::;. "i '.."
Federal ~gen¢i~s Treasury Bills/Notes
6.$% 3.2%
PAR VALUE DESCRIPTION
$O Time Deposits
$O Negotiable Certificates of Deposit
$0 Commercial Paper
$2,500,000 Oth~ Investments ·
$19,000,~0 U. 5. Treasuries
N/A Cash
N/A Cash ~ith Fiscal Agents ~
N/A boc~l Agency Inwstment Fund
TUSTIN REDEVELOPMENT AGENCY:
$0 Time Deposits
$0 Negotiable Certificates of Deposit
$0 Commercial Paper
$0 Bankers Acceptances
$0 Corporate Notes
$0 Other Investments
2,000,000 Federal Agencies
$1,000,000 U. $. Treasuries
N/ A Cash
N/A Cash with Fiscal Agents *
N/A Local Agency Investment Fund
CZ TY OF TUS TIN _TN VE5 TtA EN T REPORT
SUMMARY
QUARTER ENDING
March 31,2001
(Unaudited)
Allowable Original Current
Maximum Portion of Purchase Book
Maturity Portfolio Total Value
5 yrs No Limit
5 yrs 10% $0
90 days 25% $0
180 days 25% $0
5 yrs No Limit $2,650,900
5 yrs 50% 3,993,909
5 yrs No Limit $1,999,800
N/A N/A $6,646,338
N/A N/A $20,151,982
N/A N/A $18,702,255
Sb4,14b,184
$0
$o
$o
$o
$2,650,900
$3,993,909
$18 382,090
$6,646,338
$20,151,982
$18,702,255
$/1,12'/ ,4/4
Pt:RI-ORMAN¢i~ Mt:ASURt:M~N ~:
Weighted Average Portfolio Life (Days):
Weighted Average Portfolio Yield:
Current 6 mos. Treasury:
291.83
6.19%
4.15%
5 yrs No Limit $0
5 yrs 10% $0
90 .days 25% $0
180 days 25% $0
5 yrs 10% $0
5 yrs No Limit $0
5 yrs 50% $1,996,954
5 yrs No Limit $998,000
N/A MIA $7,277,195
N/A N/A $1,707,116
N/A N/A $18,818,712
$ 30,'/9/,9 / /
$0
$o
$o
$o
$o
$o
$1,996,954
$998,000
$7,277,195
$1,707,116
$18,818,712
$30,'/9'/,9'/'/
P~.RFORMANCt: Mi:ASURi:Mi:N I:
Weighted Average Portfolio Life (Days):
Weighted Average Portfolio Yield:
Current 90 day Treasury Bill:
38.02
6.03%
4.30%
TOTAL CI'IT/RDA INVESTMENTS:
$101,925,451
* Cash with Fiscal Agents are the Reserve and Construction funds held by Trustees for various City and RDA bond issues.
Investment options are limited to those specifically permitted by bond documents.
Current
Market
Value
$0
$o
$o
$o
$2,§34,200
$3,939,890
$19,089,445
$6,646,338
$20,151,982
$18,702,255
$'/I,064,110
$0
$o
$o
$o
$o
$o
$1,954,690
$1.OlO,14o
$7,277,195
$1,707,116
$18,818,712
$30,'/6'/,863
·
$101,831,963
.,
Current
Concentration
0.00%
0.00%
0.00%
0.00%
3.73%
5.62%
26.69%
9.34%
28.33%
26.29%
100.00"/o
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
6.48%
3.24%
23.63%
5.54%
61.10%
100.00%
Total City funds available for effective active management are: $80,066,353
CITY O? TU$ TIN £NVE$ TI4ENT REPOR T
(1)
PAR VALUE
(2)
DESCRIPTION-LIMIT5
INVESTMENT SCHEDULE AS OF:
March 31,2001
UNAUDZTED
YIELD
TO PURCHASE
COUPON MATURITY bATE
.....
0401-Neg. Certificate of beposit-tO%,Max 5 yrs j
0403-Bankers Acceptances-25%, Max ............ 180Doys, .... .........j
MATURITY
DATE
.. _
Current Totals:
Current Totals:
Current Totals:
Current Totals:
(3)
ORI6INAL
PURCHA5E
PRICE
$o
· $o
$0
$0
l
$2,000,000 FHLB
$2,000,000 FHLMC
$4,000,000
· ' 040b-t-ederal Agencies-bO% ' ' I
7;00%
5.39%
6.84%
5.49%
06/19/00
11/05/98
06/14/01
11/05/03
Current I otals:
$2,002,971
$1,990,938
$3,993,909
$2,500,000 State Of California GO Bonds
$2,b00,000
8.15%
5.45%
03/30/99
09101/01
Curren, '1 orals:
$2,650,900
$2,6b0,900
$2,000,000 U5 Treasury Notes
$3,000,000 U5 Treasury Notes
$2,000,000 US Treasury Notes
$2,000,000 US Treasury Notes
$2,000,000 US Treasury Notes
$2,000,000 U5 Treasury Notes
$2,000,000 U5 Treasury Notes
$2,000,000 US Treasury Notes
$2,000,000 US Treasury Notes
$19,000,000
6.38%
6.25%
6.25%
6.00%
5.75%
5.63%
5.13%
4.75%
4.75?'0
6.48%
6.28%
6.33%
6.00%
5.85%
5.70%
5.13%
4.76%
4.81%
06/30/00
07/31/00
08/31/00
10/02/00
10/31/00
12/04/00
01/02/01
01/31/01
02/28/01
06/30/02
07/31/02
08/31/02
09/30/02
10/31/02
11/30/02
12/31/02
01/31/03
02/28/03
Current I'otals:
$1,996,000
$2,998,110
$1,997,080
$1,999,900
$1,996,460
$1,997,380
$1,999,800
$1,999,620
$1,997,740
$1,999,800
Cash-lOO1 (Includes Overnight Sweep) *
Deposits with Fiscal Agents-'93 Water COP's *
Deposits with Fiscal Agents-Assess. Dist.*
Deposits with Fiscal Agents-Co.Wide Fin Auth.*
Cash with TCA Trustee*
Local Agency Investment Fund-t102 *
4.20%
N/A
N/A
N/A
4.20%
6.47%
(8)
(9)
(lO)
(7)
(11)
TOTAL CITY INVESTMENT5
Current Total:
* The March Yields and Current Market Values
were not available at the time this report was
prepared. The Yields and Market Values are as
of December 2000.
PERPORMANCb Mi:ASUREMi:N i:
Weighted Average Portfolio Life (bays):
Weighted Average Portfolio Yield:
Current 1 Yr.Treasury'.
291.83
6.19%
4.15%
(4)
CURRENT
BOOK
VALUE
L
~ 0 m
........... C¢) ......
L
......... -T~r
$2,002,971
$1,990,938
$3,993,909
b.62%
$2,650,900
$2,6b0,900
$1,996,000
$2,998,110
$1,997,080
$1,999,900
$1,996,460
$1,997,380
$1,999,800
$1,999,620
$1,997,740
$18,982,090
$6,646,338
$1,052,008
$18,568,013
$273,980
$257,981
$18,702,255
$4D,DOO,D/D
63.9/%
$71,127,474
(5)
CURRENT
MARKET
VALUE
$0
$o
$o
$0
$2,007,390
$1,932,500
$3,939,890
$2,534,200
$2,b34,200
$2,020,293
$3,030,381
$2,020,195
$2,020,342
$2,000.566
$2,000,508
$1,999,800
$1,999,620
$1,997,740
$19,089,44b
$6,646,338
$1,052.008
$18,568,013
$273,980
$257,98I
$18,702,255
$4~,bOO,U/b
$71,064,110
REDE I/EL O?~ EN T /I ~ENCY .TN I/EZ T/14 EN T I~ EPOR T
(1)
PAR VALUE
(2)
DESCRIPTION-LIMITS
I. O401-Neg. Certificate of Deposit-lO%,Max 5 yrs [
k 0403-Bankers~ Acceptances-25%, Max 180Days ........ ....... ]
(6)
l ......................... .°...4.?,'../..- c0..r...P.0.r.?e._.N..0 tJ s:!0'/..~ ....................... J
INVESTMENT SCHEDULE AS OF:
March 31,2001
UNAUDITED
YIELD
TO PURCHASE
COUPON MATURITY bATE
MATURITY
DATE
· . .
Current Total:
(3)( (4)
ORIGINAL CURRENT
PURCHASE BOOK
AMOUNT VALUE
cu...., To,.,: L_3~ ..................
Current Total'. $O
L__$,~_ ...... J
Current Total: L__$o j
$1,000,000 FHLB
$1,000,000 FHLMC
$2,000,000
0409-U5 '1 reasury Bills/Bonds/Notes-No Limit
....... L ..................................................................................................................... J ..... I
1,000,000 US Treasuey Notes
Cash-lO01 (Includes Overnight 5weep) *
Deposits w/Fiscal Agent-Tax Allocation Bds*
Local Agency Investment Fund-1102*
* The March Yields and Current Market Values
were not available at the time this report was
prepared. The Yields and Market Values are as
of December 2000.
Current Total: L=_~
7.00% 6.84% 06/19/00 06/14/01
5.39% 5.49% 11/05/98 il/05/03
$1,001,485
$995,469
Current I oral:
$1,001,485
$995,469
$1,996,9b4
...... (3)' ....
6.38% 6.48%
06~30/00 06/30102
Current '1 otal:
(8)
(lo)
(n)
4.20%
N/A
6.47%
TOTAL RDA INVE5TMENT5
(5)
CURRENT
MARKET
VALUE
$1,003.690
$951,000
$1,954.690
$998,000 $998,000 $1,010,140
,..~,ooo ,~..,®o ~,o~o,~4o
L .......... ~.~4-Zo 1
..................... (~) .........
$7,277,195 $7,277,195
* $1,707,116 $1,707,116
$18,818,712 $18,818,712
Current Total: $2'/,803,023 $2'/,803,023
l .......... ~..°._:.Z.~"':... · 1
$30,797,977 $30,767,853
Pf:Ri-ORMANCJE M~:ASUR~Mi:N'i:
Weighted Average Portfolio Life (Days):·
.Weighted Average Portfolio Yield:
Current 90 dm/Treasury:
38.02
6.03%
4.30%
TOTAL CITV/RDA INVE 5TMENT5: $101,9 25.451
$101,831,963
. . .
FOOTNOTES:
(1) PAR VALUE is the full value of the security before any discount or premium is paid at purchase.
(2) DESCRIPTION-LIMIT5 reflects the various authorized investments as documented in the most current adopted
investment policy 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 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 safekeeping for the City and RbA. Differences Jn
value are booked only if the securities are sold prior to their maturities.
(6) In compliance with Section II, paragraph f. of the City's Investment Policy, Corporate Notes must have a Moody's/Standard
and Poors long term debt rating of at least AA.
(7) 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 6-5-c)5.
(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 allowable 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) Investments and earnings on monies held by fiscal agents generally are limited as to type and yield by the bond
documents or current ~[R5 codes.
The carrying amount of the pool as of February 28,2001 was $45,830,361,124 and the estimated market value
(including accrued interest) was $46,615,658,939. The City and Agency's proportionate share of that value is $38,163,884.
CER T~FT CA T~ ON:
I certify that this report reflects all City and RDA pooled investments. The investments represented in this report ore in
conformity with the current adopted investment policy of the City of Tusfin. 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 liquidi~ to meet the next six (6) months estimated
expenditures.
This statement is prepared in conformance with Section 5364(~o~ the Government Code.
~. w. cc '.~, , ~..L.