HomeMy WebLinkAboutAgenda Report - August 3, 2011 C-03AGENDA ITEM C :m5
• CITY OF LODI
COUNCIL COMMUNICATION
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AGENDA TITLE: Accept the Quarterly Investment Report as Required by Government Code Section
53646 and the City of Lodi Investment Policy
MEETING DATE: August 3,2011
PREPARED BY: Deputy City Manager
RECOMMENDEDACTION: Accept the quarterly investment report 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, 2011 is $74,916,040.82. The average
annualized return on all invested funds over the quarter has been 0.49%
FISCAL IMPACT:
FUNDING AVAILABLE:
Attachment
Not applicable.
As per attached report.
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Jordan Ayers
Treasurer
Konradt Bartlam, City Manager
CITY OF LODI
INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
June 30.2011 INVESTMENT STATEMENT
Local Agency Investment Funds*
Avg. interest earnings as of 06-30-11
LODI
LPIC
Certificates of Deposit
matures 03/08/2012
matures 03/03/2012
matures 03/18/2012
Passbook/Checking Accounts
Farmers & Merchants
Farmers & Merchants - Money Mkt.
Farmers & Merchants - Payroll
Farmers & Merchants - Central Plume
Farmers & Merchants - CP Money Mkt.
82.9% of Portfolio
0.48%
LocalAgency Inv Fund (LODI)
Local Agency Inv Fund (LPIC)
Subtotal LAW
1.0% of Portfolio
Bank cf Ag. & Comm. (cost) 0.70% int.
UMPQUA Bank (cost) 0.75% int.
Central Valley Comm. Bank (cost)
0.85% int.
Subtotal CD
16.1% of Portfolio
demand account - no interest earnings
0.55% interest earnings
demand account - no interest earnings
demand account- no interest earnings
0.55% interest earnings
Subtotal P/C Accts
TOTAL
37,923,298.89
24,182,241.74
$62,105,540.63
250,000.00
250,000.00
250,000.00
750,000.00
1423,214.28**
6,052,200.44
99,488.35
24,347.39
4,461,249.73
12,060,500.19
$74,916,040.82
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 cf Lodi Investment Policy.
Susan V. Bjork
Supervising BudgetAnalyst
7/18/2011
Date
* 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 is a compensating balance required to obtain an earnings credit rate.