HomeMy WebLinkAboutAgenda Report - August 7, 2013 C-03AGENDA ITEM C#3
M� CITY OF LODI
COUNCIL COMMUNICATION
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AGENDA TITLE: Accept the Quarterly Investment Report as Required by the City of Lodi Investment
Policy
MEETING DATE: August 7, 2013
PREPARED BY: Deputy City Manager
RECOMMENDED ACTION: Accept the quarterly investment report as required by the City of
Lodi Investment Policy.
BACKGROUND INFORMATION: Government Code Section 53646 has been amended to no longer
mandate this report on investments to the legislative body of the
local agency. Nevertheless, it is encouraged, and the report is
attached for City Council review.
The total of all invested funds as of the quarter ending June 30, 2013 is $84,020,835.51.
The average annualized return on all invested funds over the quarter has been -0.48 percent. CalTrust
performance declined during the last quarter of FY 12-13, which impacted the average annualized return
on all funds and resulted in a negative return for the quarter. CalTrust invests in securities that have
fluctuating value — primarily in Corporate bonds, Municipal bonds, the Federal National Mortgage
Association and a variety of other securities.
The total earnings on all invested funds for FY 2012-13 is $179,229.07
The average annualized return on all invested funds for FY 2012-13 is 0.221 percent.
FISCAL IMPACT: Not applicable.
FUNDING AVAILABLE: As per attached report.
r
Jor an Ayers—
Treasurer
M-
er
er
CITY OF LODI
INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
June 30, 2013 INVESTMENT STATEMENT
Local Agency Investment Funds * 46.5% of Portfolio
Int. earnings for Qtr. ending 06-30-13 0.25%
LODI Local Agency Inv Fund (LODI) 39,047,558.82
Subtotal LAW 39,047,558.82
CalTRUST 46.5% of Portfolio
Int. earnings for Qtr. ending 06-30-13 -0.16%
CaITRUST Short -Term Account Investment Trust of California 8,021,036.20
Int. earnings for Qtr. ending 06-30-13 -1.64%
CaITRUST Medium -Term Account Investment Trust of California 31,000.616.02
Subtotal CalTRUST 39,021,652.22
Certificates of Deposit 0.60% of Portfolio
matures 03/08/2014 Bank of Ag. & Comm. (cost) 0.35% int. 250,000.00
matures 06/18/2014 Central Valley Comm. Bank (cost) 250,000.00
0.32% int.
Subtotal CD 500,000.00
Passbook/Checking Accounts
Farmers & Merchants
Farmers & Merchants - Money Mkt.
Farmers & Merchants - Payroll
Farmers & Merchants - Central Plume
Farmers & Merchants - CP Money Mkt.
6.5% of Portfolio
demand account - no interest earnings
0.35% interest earnings
demand account - no interest earnings
demand account - no interest earnings
0.35% interest earnings
Subtotal P/C Accts
TOTAL
1,256,866.67--
348,647.51
65, 745.45
5,267.36
3,775,097.48
5,451,624.47
$84,020,835.51
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 wiplfke City of Lodi Investment Policy.
7/24/2013
Date
Analyst
* 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.