HomeMy WebLinkAboutAgenda Report - November 17, 2010 D-04s
AGENDA ITEM 0
CITY OF LODI
COUNCIL COMMUNICATION
AGENDA TITLE: Accept the Quarterly Investment Report as Required by Government Code Section
53646 and the City Of Lodi Investment Policy
MEETING DATE: November 17,2010
PREPARED BY: Deputy City Manager
RECOMMENDED ACTION: Accept the Quarterly Investment Report as required by Government
Section Code 53646 and the City of Lodi Investment Policy.
BACKGROUND INFORMATION: Government Code Section 53646 and the City of Lodi Investment
Policy require a quarterly report on investments be submitted to the
legislative body of the local agency.
The total of all invested funds as of the quarter ending September 30, 2010 is $71,253,005.68. The
average annualized return on all invested funds over the quarter has been 0.53 percent.
FISCAL IMPACT:
FUNDING AVAILABLE:
Attachment
Not Applicable.
As per attached report.
APPROVED:
E— "J
Jordan Ayers
Treasurer
Bartlam, Interim City Manager
'F CITY OF LODI
INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
September 30, 2010 INVESTMENT STATEMENT
Local Agency Investment Funds * 77.6% of Portfolio
Average interest earnings as of 06-30-10 0.51%
LODI Local Agency Inv Fund (LODI) 31,250,511.49
LPIC Local Agency Inv Fund (LPIC) 24,064,640.84
Subtotal LAW 55,315,152.33
Certificates of Deposit 0.7% of Portfolio
matures 03/08/2011 Bank of Ag. & Comm. (cost) 1.21 % int. 250,000.00
matures 03/03/2011 UMPQUA Bank (cost) 1.26% int. 250,000.00
Passbook/Checking Accounts
Farmers & Merchants
Farmers & Merchants - Money Mkt.
Farmers & Merchants - Payroll
Farmers & Merchants - Central Plume
Farmers & Merchants - CP Money Mkt.
Subtotal CD 500,000.00
21.7% of Portfolio
demand account - no interest earnings **7,746,602.09
0.55% interest earnings 91,120.84
demand account - no interest earnings 26,460.34
demand account - no interest earnings 23,369.00
0.55% interest earnings 7,550,301.08
Subtotal P/C Accts 15,437,853.35
TOTAL $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
_10/19/10,
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.