HomeMy WebLinkAboutAgenda Report - March 18, 2015 C-03a*
AGENDA ITEM C 3
gQ CITY OF LODI
COUNCIL COMMUNICATION
TM
AGENDA TITLE: Accept the Quarterly Investment Report as Required by the City of Lodi Investment
Policy
MEETING DATE: March 18, 2015
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 December 31, 2014 is $91,620,724.45.
The average annualized return on all invested funds over the quarter is 0.31 %.
The total earnings on all invested funds for FY 2014-15 is $87,108.70.
The average annualized return on all invested funds for FY 2014-15 is 0.23%.
FISCAL IMPACT: Not applicable.
FUNDING AVAILABLE: As per attached report.
Attachment
APPROVED:
Jordan Ayers
Treasurer
Stephen Schwabauer, City Manager
CITY OF LODI
INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
December 31, 2014 Investment Statement
Earnings for Qtr
Investment: Ending 12/31/14:
Local Agency Investment Funds*
34.8 % of portfolio
CaITRUST Investment Trust of California
47.5% of portfolio
Short -Term Account
Medium -Term Account
Certificates of Deposit
0.8% of portfolio
Bank of Ag. & Comm (matures 3/8/15)
Central Valley Comm (matures 6/18/15)
F&M Bank (matures 11/03/15)
Passbook/Checking Accounts
16.9% of portfolio
Farmers & Merchants **
Farmers & Merchants - Money Market
Farmers & Merchants - Payroll
Farmers & Merchants - CP Money Market
Susan Bjork
Supervising Budget Analyst
Ending
Balance:
0.26% interest earnings 31,903,871.05
Subtotal LAW 31,903,871.05
0.24% interest earnings 12,072,598.27
-.04% interest earnings 31,388,868.44
Subtotal CaITRUST 43,461,466.71
0.25% interest earnings 250,000.00
0.25% interest earnings 250,000.00
0.70% interest earnings 250,000.00
Subtotal CDs 750,000.00
demand acct 2,676,069.18
0.35% interest earnings 9,347,528.18
demand acct 34,735.96
0.35% interest earnings 3,447,053.37
Subtotal P/C Accts 15,505,386.69
Date
TOTAL 91,620,724.45
* In accordance with the terms of the Local Agency Investment 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.