HomeMy WebLinkAboutAgenda Report - November 2, 2011 C-03AGENDA ITEM C 405
AM CITY OF LODI
COUNCIL COMMUNICATION
TM
AGENDA TITLE: Accept the Quarterly Investment Report as Required by Government Code Section
53646 and the City of Lodi Investment Policy
MEETING DATE: November 2, 2011
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 September 30, 2011 is $73,957,236.82
The average annualized return on all invested funds over the quarter has been 0.412 percent.
FISCAL IMPACT:
FUNDING AVAILABLE
Attachment
Not applicable
As per attached report.
APPROVED:
Jordan Ayers
Treasurer
Bartlam, City Manager
" CITY OF LODI
INTERNAL SERVICES DEPARTMENT
.' BUDGET DIVISION
SeDtember 30.201 1 INVESTMENT STATEMENT
Local Agency Investment Funds *
Avg. interest earnings as of 09-30-11
LODI
LPIC
Certificates of Deposit
matures 03/08/2012
matures 03/03/2012
matures 03/18/2012
Passbook/Checking Accounts
Farmers & Merchants
Farmers & Merchants- Money Mkt.
Farmers & Merchants - Payroll
Farmers & Merchants - Central Plume
Farmers & Merchants - CP Money Mkt.
84% of Portfolio
0.38%
Local Agency Inv Fund (LODI)
Local Agency Inv Fund (LPIC)
Subtotal LAW
1.01/o cf 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
15% 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
37,923,298.89
24,182,241.74
62,105,540.63
250,000.00
250,000.00
250,000.00
750,000.00
1,255,856.59**
5,557,434.72
50,175.13
8,154.96
4,230,074.79
11,101,696.19
$73,957,236.82
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 compliancewith the City of Lodi Investment Policy.
StaL'
(Susan V Bjork
Supervising Budget Analyst
10/17/2011
Date
* in accordancewith the terms of the Local Agency Investment Fund, investedfunds 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.