HomeMy WebLinkAboutAgenda Report - November 7, 2012 C-04AGENDA ITEM C404
im CITY OF LODI
COUNCIL COMMUNICATION
AGENDA TITLE: Accept the Quarterly Investment Report as Required by the City of Lodi Investment
Policy
MEETING DATE: November 7,2012
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 September 30, 2012 is $75,395,564.59.
The average annualized return on all invested funds over the quarter has been 0.661 percent.
FISCAL IMPACT:
FUNDING AVAILABLE:
Attachment
Not applicable.
As per attached report.
Jordan vers
Treasurer
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Konradt Bartlam, LM17 Manager
CITY OF LODI
INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
September 30,2012 INVESTMENT STATEMENT
Local Agency Investment Funds*
Int. earnings for Qtr. ending 09-30-12
LODI
CalTRUST
Int. earnings for Qtr. ending 09-30-12
CalTRUST Short -Term Account
Int. earnings for Qtr. ending 09-30-12
CaITRUST Medium -Term Account
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.
53.5% of Portfolio
0.35%
Local Agency Inv Fund (LODI) 40,320,825.93
Subtotal LAW 40,320,825.93
32.0% of Portfolio
0.68%
Investment Trust of California 8,008,912.29
1.76%
InvestmentTrust of California 16,088,427.88
Subtotal CalTRUST 24,097,340.17
0.66% of Portfolio
Bank of Ag. & Comm. (cost) 0.50% int. 250,000.00
Central Valley Comm. Bank (cost) 250,000.00
0.40% int.
Subtotal CD 500,000.00
13.9% 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 PIC Accts
TOTAL
1,900,113.83**
4,612,744.50
40,649.52
5,609.22
3,918,281.42
10,477,398.49
$75,395,564,59
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 ith the City of Lodi Investment Policy.
S 10/23/2012
k J ans Date
Management 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.