HomeMy WebLinkAboutAgenda Report - February 17, 2016 C-04TM
CITY OF LODI
COUNCIL COM MUNICATION
AGENDA ITEM
C-4
AGENDA TITLE: Accept the Quarterly Investment Report as Required by the City of Lodi Investment
Policy
MEETING DATE: February 17, 2016
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, 2015 is $85,129,425.77.
The average annualized return on all invested funds over the quarter is -0.22%.
The total earnings on all invested funds for FY 2015-16 are $117,209.64
The average annualized return on all invested funds for FY 2015-16 is 0.24%.
FISCAL IMPACT: Not applicable.
FUNDING AVAILABLE: As per attached report
Ct e-aebk,Ce_.{ Nr -
Jordan Ayers
Treasurer
Attachment
APPROVED:
en S h .. bauer, City Manager
Investment:
CITY OF LODI
INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
December 31, 2015 Investment Statement
Earnings for Qtr
Ending 12/31/15:
Ending
Balance:
Local Agency Investment Funds*
37.6% of portfolio
CaITRUST Investment Trust of California
51.3% of portfolio
Short -Term Account
Medium -Term Account
Certificates of Deposit
1.1% of portfolio
Bank of Ag. & Comm (matures 3/8/16)
Central Valley Comm (matures 6/18/16)
F&M Bank (matures 11/04/16)
Umpqua Bank (matures 10/21/16)
Passbook/Checking Accounts
10% of portfolio
Farmers & Merchants **
Farmers & Merchants - Money Market
Farmers & Merchants - Payroll
Farmers & Merchants - CP Money Market
�l
usan Bjork
Supervising Budget A st
i
0.38% interest earnings
Subtotal LAIF
- 0.04% interest earnings
- 1.08% interest earnings
Subtotal CaITRUST
0.25% interest earnings
0.20% interest earnings
0.60% interest earnings
0.40% interest earnings
Subtotal CDs
demand acct
0.35% interest earnings
demand acct
0.35% interest earnings
Subtotal P/C Accts
Date
31, 993,110.86
31,993,110.86
12,113, 342.75
31, 561,173.80
43,674,516.55
250, 000.00
250, 000.00
250, 000.00
250,000.00
1,000,000.00
1, 558, 321.99
3,652,941.98
21,991.53
3,228,542.86
8,461,798.36
TOTAL 85,129,425.77
* 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.