HomeMy WebLinkAboutAgenda Report - May 2, 2012 C-03AGENDA ITEM *�
A% 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: May 2, 2012
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 March 31, 2012 is $77,589,887.74.
The average annualized return on all invested funds over the quarter has been 0.401 percent.
FISCAL IMPACT:
FUNDING AVAILABLE:
Attachment
Not applicable.
As per attached report.
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So-M'arrAvers
Treasure;
APPROVED: k 1 0
K-on'radt Barti—am, City Manager
CITY CF LODI
INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
March 31, 2012 INVESTMENT STATEMENT
Local Agency Investment Funds*
Avg. interest earnings as of 03-31-12
LODI
LPIC
Certificates of Deposit
matures 03/08/2013
matures 06/18/2012
Pass book/C hecki ng Accounts
Farmers & Merchants
Farmers& Merchants - Money Mkt.
Farmers& Merchants - Payroll
Farmers& Merchants - Central Plume
Farmers& Merchants - CP Money M kt.
85.4% of Portfolio
0.38%
LocalAgency Inv Fund (LODI)
LocalAgency Inv Fund (LPIC)
Subtotal LAW
.06% of Portfolio
Bank of Ag. & Comm. (cost) 0.50% int.
Central Valley Comm. Bank (cost)
0.85% int.
Subtotal CD
14.0% 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
41,996,084.75
24,228,654.51
66,224,739.26
250,000.00
250,000.00
500,000.00
1,847,978.06**
4,899,464.69
36,886.87
15,938.59
4,064,880.27
Subtotal P/C Accts 10,865,148.48
TOTAL $77,589,887.74
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.
KI
ri. 'Evans
Wnagement Analyst
4/16/2012
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.