HomeMy WebLinkAboutAgenda Report - August 15, 2012 C-03AGENDA ITEM C043
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 15, 2012
PREPARED BY: Deputy City Manager
RECOMMENDED ACTION: 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, 2012 is $77,914,799.54.
The average annualized return on all invested funds over the quarter has been 0.471 percent.
FISCAL IMPACT:
FUNDING AVAILABLE:
Attachment
Not applicable.
As per attached report.
Jordan
--
Jordan Ayers
Treasurer
APPROVED: t~ `;Ii
' Konradt Bartlam, City Manager
CITY OF LODI
INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
June 30, 2012 INVESTMENT STATEMENT
Local Agency Investment Funds * 60.1% of Portfolio
Avg. interest earnings as of 06-30-12 0.36%
LODI Local Agency Inv Fund (LODI) 46,820,825.93
LPIC Local Agency Inv Fund (LPIC) 18,699.85
Subtotal LAW 46,839,525.78
CalTRUST 30.8% of Portfolio
Avg. interest earnings as of 06-30-12 0.44%
CalTRUST Short -Term Account Investment Trust of California
Avg. interest earnings as of 06-30-12 1.01%
CalTRUST Medium -Term Account Investment Trust of California
Certificates of Deposit
matures 03/08/2013
matures 06/18/2013
Passbook/Checking Accounts
Farmers & Merchants
Farmers & Merchants - Money Mkt.
Farmers & Merchants - Payroll
Farmers & Merchants - Central Plume
Farmers & Merchants - CP Money Mkt.
Subtotal CalTRUST
.06% of Portfolio
Bank of Ag. & Comm. (cost) 0.50% int.
Central Valley Comm. Bank (cost)
0.40% int.
Subtotal CD
8.4% of Portfolio
demand account - no interest earnings
0.45% interest earnings
demand account - no interest earnings
demand account - no interest earnings
0.45% interest earnings
Subtotal P/C Accts
TOTAL
8, 001, 056.15
16,020,565.36
24,021,621.51
250,000.00
250,000.00
500,000.00
1,673,910.52--
858,079.43
,673,910.52**858,079.43
74, 807.42
11,294.76
3,935,560.12
6,553,652.25
$77,914,799.54
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 v�Afl'the City of Lodi Investment Policy.
'rk ,k Evans
anagement Analyst
7/31/2012
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.