HomeMy WebLinkAboutAgenda Report - August 19, 2015 C-04AGENDA ITEM cow J+
&I % CITY OF LODI
COUNCIL COMMUNICATION
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AGENDA TITLE: Accept the Quarterly Investment Report as Required by the City of Lodi Investment
Policy
MEETING DATE: August 19, 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 June 30, 2015 is $86,212,409.73.
The average annualized return on all invested funds over the quarter is 0.29%.
The total earnings on all invested funds for FY 2014-15 is $306,464.78.
The average annualized return on all invested funds for FY 2014-15 is 0.51%.
FISCAL IMPACT:
FUNDING AVAILABLE
Attachment
Not applicable.
As per attached report.
I HE
Jorda Ayers
Treasurer
r, City Manager
CITY OF LODI
` INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
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June 30, 2015 Investment Statement
Earnings for Qtr
Investment: Ending 06/30/15:
Local Agency Investment Funds*
37% of portfolio
CalTRUST Investment Trust of California
50.1% of portfolio
Short -Term Account
Medium -Term Account
Certificates of Deposit
0.9% of portfolio
Bank of Ag. & Comm (matures 3/8/16)
Central Valley Comm (matures 6/18/16)
F&M Bank (matures 11/03/15)
Passbook/Checking Accounts
12% of portfolio
Farmers & Merchants **
Farmers & Merchants - Money Market
Farmers & Merchants - Payroll
Farmers & Merchants - CP Money Market
Ending
Balance:
0.29% interest earnings 31,944,790.44
Subtotal LAW 31,944,790.44
0.36% interest earnings
0.24% interest earnings
Subtotal CalTRUST
0.25% interest earnings
0.20% interest earnings
0.70% interest earnings
Subtotal CDs
demand acct
0.35% interest earnings
demand acct
0.35% interest earnings
Subtotal P/C Accts
12,094,431.70
31,521,023.28
43,615,454.98
250, 000.00
250,000.00
250, 000.00
750,000.00
1,746,081.81
4, 766, 067.37
23,229.90
3,366,785.23
9,902,164.31
TOTAL 86,212,409.73
S san Bjork Date
Supervising Budget Analyst
* 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.