HomeMy WebLinkAboutAgenda Report - May 20, 2015 C-04AGENDA ITEM C,,4
&2� CITY OF LODI
COUNCIL COMMUNICATION
TM
AGENDA TITLE: Accept the Quarterly Investment Report as Required by the City of Lodi Investment
Policy
MEETING DATE: May 20, 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 March 31, 2015 is $88,840,001.67.
The average annualized return on all invested funds over the quarter is 0.95%.
The total earnings on all invested funds for FY 2014-15 is $297,706.01.
The average annualized return on all invested funds for FY 2014-15 is 0.47%.
FISCAL IMPACT:
FUNDING AVAILABLE
Attachment
Not applicable.
As per attached report.
APPROVED:
c� ,
'C --A E�� --�-
Jordan Ayers
Treasurer
en Schwabauef, City Manager
I
• CITY OF LODI
`S J INTERNAL SERVICES DEPARTMENT
co
BUDGET DIVISION
March 31, 2015 Investment Statement
Earnings for Qtr
Investment: Ending 03/31/15:
Local Agency Investment Funds*
36% of portfolio
CaITRUST Investment Trust of California
49.1 % of portfolio
Short -Term Account
Medium -Term Account
Certificates of Deposit
0.8% of portfolio
Bank of Ag. & Comm (matures 3/8/16)
Central Valley Comm (matures 6/18/15)
F&M Bank (matures 11/03/15)
Passbook/Checking Accounts
14.1% of portfolio
Farmers & Merchants **
Farmers & Merchants - Money Market
Farmers & Merchants - Payroll
Farmers & Merchants - CP Money Market
Ending
Balance:
0.27% interest earnings 31,924,317.05
Subtotal LAIF 31,924,317.05
0.76% interest earnings
1.96% interest earnings
Subtotal CalTRUST
0.25% interest earnings
0.25% interest earnings
0.70% interest earnings
Subtotal CDs
demand acct
0.35% interest earnings
demand acct
0.35% interest earnings
Subtotal P/C Accts
12,097,578.90
31, 542.699.98
43,640,278.88
250, 000.00
250,000.00
250, 000.00
750,000.00
1,613,899.82
7,433,769.71
27,639.10
3.450.097.11
12,525,405.74
TOTAL 88,840,001.67
Susan
no,
Date
Supervising Budget AnQt
* 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.