HomeMy WebLinkAboutAgenda Report - August 6, 2014 C-04AGENDA ITEM C, TI
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AGENDA TITLE:
MEETING DATE:
PREPARED BY:
Accept the Quarterly lnvestment Report as Required by the City of Lodi lnvestment
Policy
August 6,2014
Deputy City Manager
RECOMMENDED ACTION
BACKGROUND I NFORMATION:
Accept the quarterly investment report as required by the City of
Lodi lnvestment Policy.
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 June 30, 2014 is $80,839,654.37
The average annualized return on all invested funds over the quarter is 0.55%.
The total earnings on all invested funds for FY 2013-14 is $523,429.24.
The average annualized return on all invested funds for FY 2013-14 is 0.61%
FISCAL IMPAGT:Not applicable
FUNDING AVAILABLE: As per attached report.
Ayers
Treasurer
Attachment
APPROVED:
Stephen bauer, City Manager
CITY OF LODI
INTERNAL SERVIGES DEPARTMENT
BUDGET DIVISION
lnvestment:
June 30,2014 Investment Statement
Earnings for Qtr
Ending 6130114=
Ending
Balance:
Local Agency lnvestment Funds*
39.7 o/o of portfolio
CaITRUST lnvestment Trust of California
48.8% of portfolio
Short-Term Account
Medium-Term Account
Certificates of Deposit
0.6% of portfolio
Bank of Ag. & Comm (matures 318115)
Central Valley Comm (matures 61 181 1 5)
Passbook/Checking Accounts
10.9o/o of portfolio
Farmers & Merchants **
Farmers & Merchants - Money Market
Farmers & Merchants - Payroll
Farmers & Merchants - Central Plume
Farmers & Merchants - CP Money Market
Q.23o/o interest earnings 32,114,518.18
Subtotal LAIF 32,114,518.18
0A4% interest earnings
1% interest earnings
Subtotal GaITRUST
0.25o/o interest earnings
0.25o/o interest earnings
SubtotalCDs
8,067,435.05
31 367 370.44
39,434,805.49
250,000.00
250 000.00
500,000.00
demand acct 2,039,342.05
0.35% interest earnings 3,162,882.92
demand acct 38,010.90
demand acct 5,875.90
0.35% interest earnings 3,544,218.93
Subtotal P/C Accts 8,790,330.70
TOTAL 80,839,654.37
1 >l
Susan Bjork Date
Supervising Budget Analyst
* ln accordance with the terms of the Local Agency lnvestment Fund, invested funds may be
utilized on the same day if the transaction is initiated before 10:00 a.m.
** This account carries a compensating balance required to obtain an earnings credit to
offset service charges.