HomeMy WebLinkAboutAgenda Report - November 7, 2007 E-03AGENDA ITEM"
CITY OF LODI
COUNCIL COMMUNICATION
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AGENDA TITLE: Accept the Quarterly Investment Reports as required by law Senate Bill 564
MEETING DATE: November 7,2007
PREPARED BY: Management Analyst
RECOMMENDED ACTION: Accept the quarterly reports of the City of Lodi pooled money
investmentsfor the quarters ended as required by SB 564 and the
City of Lodi's Investment policy which was reviewed by the City
Council on December 20.2006.
BACKGROUND INFORMATION: SB 564 requires that local agency treasurers submit a report on
investments at a public meeting as required by the City of Lodi
investment policy, which is submitted to council for approval on an
annual basis. Copies of the policy are available in the Finance
FISCAL IMPACT: nla
FUNDING AVAILABLE:
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Attachments
The total of all invested funds is as follows:
December31,2006 - $30,400,578.92
March 31,2007 - $34,958,899.39
June 30,2007 - $40,786,397.20
September 30, 2007 - $41,061,555.75
As per attached report.
J es R Krueger, Deputy City Manager
APPROVED:
Blair�Eirf, City Manager
CITY OF LODI
FINANCE DEPT — BUDGET DIVISION
300 W Pine St / P O Box 3006
Lodi, CA 95240
(209) 333-6800 x 2618
I DECEMBER 31, 2006 INVESTMENT STATEMENT I
Local Agency Investment Funds
Average interest earnings as of 12/31- 5.11 %
LODI Local Agency Inv Fund 17,208,295.06
LPIC Local Agency Inv Fund (LPIC) 418,842.29
Subtotal LAIF 17,627,137.35
Certificates of Deposit
SYS76WEST Bank of the West 100,000.00
SYS75 Bank of America 100,000.00
Subtotal CD 200,000.00
Passbook/Checking Accounts
Farmers & Merchants
Farmers & Merchants — Payroll
Farmers & Merchants — Central Plume
Subtotal PIC Accts
TOTAL
4,130,394.70
23,123.48
8,619,923.39
12,773,441.57
30,400,578.92
Based on the approved budget and to the extent the budget is adhered to, liquidity is available
for the next six months.
!O 8 7
4i4rJ'Evans, �BudqManager Date
City of Lodi Finance Department
CITY OF LODI
FINANCE DEPT — BUDGET DIVISION
300 W Pine St / P O Box 3006
Lodi_, CA 95240
( 209) 333-6800 x 2618
MARCH 31, 2007 INVESTMENT STATEMENT
Local Agency Investment Funds
Average interest earnings as of 3/31 - 5.17%
LODI Local Agency Inv Fund 14,429,464.61
LPIC Local Agency Inv Fund (LPIC) 3,424,224.94
Subtotal LAIF 17,853,689.55
Certificates of Deposit
SYS76WEST
SYS75
Farmers & Merchants
Passbook/Checking Accounts
Farmers & Merchants
Farmers & Merchants — Money Mkt.
Farmers & Merchants — Payroll
Farmers & Merchants — Central Plume
Farmers & Merchants — CP Money Mkt.
Bank of the West
Bank of America
Farmers& Merchants
Subtotal CD
Subtotal P/C Accts
TOTAL
100,000.00
100,000.00
3,000,000.00
3,200,000.00
2,283,902.34
3,028,378.72
88,805.16
145,016.15
8,359,107.47
13,905,209.84
34,958,899.39
Based on the approved budget and to the extent the budget is adhered to, liquidity is available
for the next six months.
Kirk/J Evans, Budget Manager Dale
Cit� of Lodi Finance Department
•«
CITY OF LODI
Intemal Services Dept - Budget Division
JUNE 30,2007 INVESTMENT STATEMENT
Local Agency Investment Funds
(average interest earnings as of
6/30/2007 is 5.23%)
LODI
LPIC
Certificates of Deposit
SYS76WEST
SYS75
Farmers & Merchants
Passbook/Checking Accounts
Farmers & Merchants
Farmers & Merchants - Money Mkt.
Farmers & Merchants - Payroll
Farmers & Merchants -Central Plume
Farmers & Merchants - CP Money Mkt.
Local Agency Inv Fund 19,648,971.23
Local Agency Inv Fund (LPIC) 3,439,412.57
Subtotal LAIF 23,088,383.80
Bank of the West 100,000.00
Bank of America 100,000.00
Farmers & Merchants 100,000.00
Subtotal CD 300,000.00
2,879,153.91
6,039,872.44
26,797.01
97,925.72
8,354,264.32
Subtotal PIC Accts 17,398,013.40
TOTAL 40,786,397.20
Based on the approved budget and to the extent the budget is adhered to, liquidity is available
for the next six months.
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%,WAtWdsF, iBadgetI3ApmW@wnt bate
itv f Lodi Finance Department
CITY OF LODI
FINANCE DEPT — BUDGET DIVISION
300 W Pine St 1 P O Box 3006
Lodi, CA 95240
(209) 333-6800 x 2618
Local Agency Investment Funds
Avera@e interest earnings as of 9/30 -
LODI
LPIC
Certificates of Deposit
SYS76W EST
SYS75
Farmers & Merchants
Passbook/Checking Accounts
Farmers & Merchants
Farmers & Merchants — Money Mkt.
Farmers & Merchants — Payroll
Farmers & Merchants — Central
Plume
Farmers & Merchants — CP Money
Mkt.
5.24%
Local Agency Inv Fund 24,108,185.1 1
Local Agency Inv Fund (LPIC) 3,484,223.58
Subtotal LAIF 27,592,408.69
Bank of the West 100,000.00
Bank of America 100,000.00
Farmers & Merchants 100,000.00
Subtotal CD 300,000.00
2,146, 975.03
2,575,683.41
109,384.69
105,457.27
8,231,646.66
Subtotal PIC Accts 13,169,147.06
TOTAL 41,061,555.75
Based on the approved budget and to the extent the budget is adhered to, liquidity is available
for the next six months.
J Evac., Bud -get Manager
of Lodi Finance Department
/o/z./a7
Date