HomeMy WebLinkAboutAgenda Report - November 15, 2016 B-04 SMTM
CITY OF LODI
COUNCIL COMMUNICATION
AGENDA ITEM
B-4
AGENDA TITLE: Accept the Quarterly Investment Report as Required by the City of Lodi Investment
Policy
MEETING DATE: November 15, 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 September 30, 2016 is $93,145,533.16.
The average annualized return on all invested funds over the quarter is 0.30%.
The total earnings on all invested funds for FY 2016-17 are $77,206.10.
The average annualized return on all invested funds for FY 2016-17 is 0.30%.
FISCAL IMPACT: Not applicable.
FUNDING AVAILABLE: As per attached report.
Jordan Ayers
Treasurer
Attachment
er, City Manager
Investment:
CITY OF LODI
INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
September 30, 2016 Investment Statement
Earnings for Qtr
Ending 09/30/16:
Ending
Balance:
Local Agency Investment Funds*
39.9% of portfolio
CaITRUST Investment Trust of California
47.5% of portfolio
Short -Term Account
Medium -Term Account
Certificates of Deposit
1.0% of portfolio
F&M Bank (matures 11/04/16)
Umpqua Bank (matures 10/21/16)
Bank of the West (matures 03/10/17)
BBVA Compass (matures 03/11/17)
Passbook/Checking Accounts
11.6% of portfolio
Farmers & Merchants **
Farmers & Merchants - Money Market
Farmers & Merchants - Payroll
Farmers & Merchants - CP Money Market
Supervising Budget Analyst
0.61 % interest earnings
Subtotal LAIF
0.68% interest earnings
-0.20% interest earnings
Subtotal CaITRUST
0.60% interest earnings
0.40% interest earnings
0.50% interest earning
0.60% interest earnings
Subtotal CDs
37,115, 569.19
37,115,569.19
12,207,408.91
32,042,862.70
44,250,271.61
250, 000.00
250, 000.00
250, 000.00
248, 500.00
998,500.00
demand acct 3,700,105.35
0.55% interest earnings 4,270,276.05
demand acct 62,828.65
0.35% interest earnings 2,747,982.31
Subtotal P/C Accts 10,781,192.36
I � /7J//lo
Date
TOTAL 93,145,533.16
* 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.