HomeMy WebLinkAboutAgenda Report - August 18, 2010 D-03AGENDA ITEM 1405
4% 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 18,2010
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, 2010 is $78,287,171.72.
The average annualized return on all invested funds over the quarter has been 0.56%
FISCAL IMPACT: Not applicable.
FUNDING AVAILABLE: As per attached report.
Attachment
APPROVED:
Jordan Ayers
Treasurer/Deputy City Manager
Bartlam, Interim City Manager
CITY OF LODI
INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
June 30.2010 INVESTMENT STATEMENT
Local Agency Investment Funds*
Average interest earnings as of 06-30-10
LODI
LPIC
Certificates of Deposit
matures 03/08/2011
matures 03/03/2011
Passbook/Checking Accounts
Farmers & Merchants
Farmers & Merchants - Money Mkt.
Farmers & Merchants- Payroll
Farmers& Merchants- Central Plume
Farmers & Merchants - CP Money Mkt.
73.2% of Portfolio
0.56%
Local Agency Inv Fund (LODI)
Local Agency Inv Fund (LPIC)
Subtotal LAIF
0.6% of Portfolio
Bank of Ag. & Comm. (cost) 1.21 % int.
UMPQUA Bank (cost) 1.26% int.
Subtotal CD
26.2% of Portfolio
demand account- no interest earnings
0.57% interest earnings
demand account- no interest earnings
demand account- no interest earnings
0.57% interest earnings
Subtotal P/C Accts
TOTAL
33,250,51 1.49
24,064,640.84
57,315,152.33
250,000.00
250,000.00
500,000.00
**3,723,203.82
8,685,792.34
135,599.61
8,843.51
7,918,580.11
20,472,019.39
$78,287,171.72
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.
Kirk J Evans
Management Analyst
July 26.2010
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.