HomeMy WebLinkAboutAgenda Report - August 5, 2009 E-04yy�4AGENDA ITEM l..•J
A% CITY OF LODI
,. COUNCIL COMMUNICATION
im
AGENDA TITLE: Accept the Quarterly Investment Report as Required by Government Code Section
53646
MEETING DATE: August 5,2009
PREPARED BY: Deputy City Manager
RECOMMENDED ACTION: Accept the quarterly report of the City of Lodi pooled money
investments as required by Government Code Section 53646 and
the City of Lodi Investment Policy.
BACKGROUND INFORMATION: Government Code Section 53646 and the City of Lodi Investment
Policy require that local agency treasurers submit a quarterly report
on investments to the legislative body of the local agency.
The total of all invested funds as of the quarter ending June 30, 2009 is $73,332,465.68
The average annualized return on all invested funds over the quarter has been 1.46%
FISCAL IMPACT: NIA
FUNDING AVAILABLE: As per attached report.
Attachment
Jordan Ayers
Treasurer
APPROVED: 1
Blair King, it anager
+• . CITY OF LODI
INTERNAL SERVICES DEPARTMENT
. BUDGET DIVISION
June 30,2009 INVESTMENT STATEMENT
Local Agency Investment Funds *
Average interest earnings as of 6-30-09
LODI
LPIC
Certificates of Deposit
SYS75 - matures 12/21/09
Passbook/Checking Accounts
Farmers & Merchants
Farmers & Merchants - Money Mkt.
Farmers & Merchants - Payroll
Farmers & Merchants - Central Plume
Farmers & Merchants - CP Money Mkt.
78.0% of Portfolio
1.51%
Local Agency Inv Fund (LODI) 33,276,991.03
Local Agency Inv Fund (LPIC) 23,907,771.91
Subtotal LAIF 57,184,762.94
0.1% of Portfolio
Bank of America (cost) 2.1 % int. 100,000.00
Subtotal CD 100,000.00
21.9% of Portfolio
demand account- no interest earnings
1.27% interest earnings
demand account- no interest earnings
demand account- no interest earnings
1.27% interest earnings
Subtotal PIC Accts
TOTAL
**1,449,236.72
6,415,925.12
5,354.79
5,510.76
8,171,675.35
16,047,702.74
73,332,465.68
Based on the approved budget and to the extent the budget is adhered to, liquidity is available,
and the City will be able to meet its expenditure requirements for the next six months. This
portfolio is in compliance with the City of Lodi Investment Policy.
_07/23/2009
Date
anagementAnalyst
* In accordance with the terms of the Local Agency Investment Fund, invested funds may be utilized on
the same day if transaction is initiated before 10:00 a.m.
** This amount was necessary in order to cover outstanding checks and payroll