HomeMy WebLinkAboutAgenda Report - November 4, 2015 C-04AGENDA ITEM C"'A+
&%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: November 4, 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 September 30, 2015 is $88,382,123.99.
The average annualized return on all invested funds over the quarter is 0.71 %.
The total earnings on all invested funds for FY 2015-16 are $180,566.73.
The average annualized return on all invested funds for FY 2015-16 is 0.71 %.
FISCAL IMPACT
FUNDING AVAILABLE
Attachment
Not applicable.
As per attached report.
Jordan Ayers
Treasurer
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CITY OF LODI
INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
September 30, 2015 Investment Statement
Earnings for Qtr
Investment: Ending 09/30/15:
Local Agency Investment Funds*
36.2% of portfolio
CaITRUST Investment Trust of California
49.5% 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)
Pass book/Check! ng Accounts
13.4% of portfolio
Farmers & Merchants **
Farmers & Merchants - Money Market
Farmers & Merchants - Payroll
Farmers & Merchants - CP Money Market
usan Bjork
Supervising Budget Analyst
Ending
Balance:
0.33% interest earnings
31,967,371.80
Subtotal LAW
31,967,371.80
0.52% interest earnings
12,114,972.41
1.32% interest earnings
31,672,000.21
Subtotal CaITRUST
43,786,972.62
0.25% interest earnings
250,000.00
0.20% interest earnings
250,000.00
0.70% interest earnings
250,000.00
Subtotal CDs
750,000.00
demand acct
2,077,084.52
0.35% interest earnings
5,547,199.15
demand acct
982,733.11
0.35% interest earnings
3.270,762.79
Subtotal P/C Accts
11,877,779.57
TOTAL 88,382,123.99
W�s
Date
* 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.