HomeMy WebLinkAboutAgenda Report - February 15, 2012 C-03AGENDA ITEM C05
M� CITY OF LODI
%W 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: February 15,2012
PREPARED B Y Deputy City Manager
RECOMMENDED ACTION: Accept the quarterly investment report as required by Government
Code Section 53646 and the City cf 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 cf all investedfunds as cfthe quarter ending December31,201 1 is $69,172,022,34.
The average annualized return on all invested funds over the quarter has been 0.403 percent.
FISCAL IMPACT:
FUNDING AVAILABLE:
Attachment
Not applicable.
As per attached report.
Jordan Ayers
Treasurer
APPROVED: X
Konradt Bartlam, City—(tanager
• CITY OF LODE
INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
December 31,2011 INVESTMENT STATEMENT
Local Agency Investment Funds*
Avg. interest earnings as of 12-31-11
LODI
LPIC
Certificates of Deposit
matures 03/08/2012
matures 03/03/2012
matures 03/18/2012
Pass book/Check! ng Accounts
Farmers& Merchants
Farmers& Merchants - Money Mkt.
Farmers & Merchants - Payroll
Farmers & Merchants - Central Plume
Farmers& Merchants- CP Money Mkt.
90% of Portfolio
0.38%
LocalAgency Inv Fund (LODI)
LocalAgency Inv Fund (LPIC)
Subtotal L.AIF
1.0% of Portfolio
Bank of Ag. & Comm. (cost) 0.70% int.
UMPQUA Bank (cost) 0.75% int.
Central Valley Comm. Bank (cost)
0.85% int.
Subtotal CD
9.0% 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 PIC Accts
TOTAL
37,959,658.96
24,205,427.17
62,165,086.13
250,000.00
250,000.00
250,000.00
750,000.00
860,831.65""
1,166,277.18
62,246.96
17,736.976
4,149,843.45
6,256,936.21
$69,172,022.34
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.
1/24/2012
Evans Date
Ua6agement Analyst
* In accordance with the terms of the Local Agency Investment Fund, investedfunds maybe 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.