HomeMy WebLinkAboutAgenda Report - June 4, 2014 C-03O5AGENDA ITEM ,C"
AhCITY OF LODI
,. COUNCIL COMMUNICATION
TM
AGENDA TITLE: Accept the Quarterly Investment Report as Required by the City of Lodi Investment
Policy
MEETING DATE: June 4, 2014
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 March 31, 2014 is $84,736,522.65.
The average annualized return on all invested funds over the quarter has been 0.53%.
The total earnings on all invested funds for FY 2013-14 year-to-date are $401,432.76.
The average annualized return on all invested funds for FY 2013-14 year-to-date is 0.62%.
FISCAL IMPACT
FUNDING AVAILABLE
Attachment
Not applicable.
As per attached report.
Jord n Ayers
Treasurer
APPROVED:
Stephen Schwaba-Uef4hterirn City Manager
CITY OF LODI
INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
March 31, 2014 INVESTMENT STATEMENT
Local Agency Investment Funds * 42.6% of Portfolio
Int. earnings for Qtr. ending 3-31-14 0.24%
LODI Local Agency Inv Fund (LODI) 36,094,547.60
Subtotal LAW 36,094,547.60
CalTRUST
Int. earnings for Qtr. ending 3-31-14
CalTRUST Short -Term Account
Int. earnings for Qtr. ending 3-31-14
CaITRUST Medium -Term Account
Certificates of Deposit
matures 03/08/2015
matures 06/18/2014
Passbook/Checking Accounts
Farmers & Merchants
Farmers & Merchants - Money Mkt.
Farmers & Merchants - Payroll
Farmers & Merchants - Central Plume
Farmers & Merchants - CP Money Mkt.
46.4% of Portfolio
0.44%
Investment Trust of California 8,059,618.71
0.96%
Investment Trust of California 31,280,429.15
Subtotal CalTRUST 39,340,047.86
0.6% of Portfolio
Bank of Ag. & Comm. (cost) 0.25% int. 250,000.00
Central Valley Comm. Bank (cost) 250,000.00
0.32% int.
Subtotal CD 500,000.00
10.4% 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
1,733,817.94--
3,453,874.19
,733,817.94**3,453,874.19
26,642.79
5,875.90
3, 581, 716.37
8,801,927.19
$84,736,522.65
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.
usan Bjork Date
Supervising Budget An st
* 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.