HomeMy WebLinkAboutAgenda Report - May 17, 2017 C-04TM
CITY OF LODI
COUNCIL COMMUNICATION
AGENDA ITEM
C4
AGENDA TITLE: Accept the Quarterly Investment Report as Required by the City of Lodi Investment
Policy
MEETING DATE: May 17, 2107
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 prescribes suggested investment
reporting requirements for California public agencies. The City
Council adopted Resolution 2016-10 on January 20, 2016, requiring
the Treasurer to submit a quarterly investment reporting in accordance with Section 53646. The attached
Treasurer's Report for the quarter ending March 31, 2017 is in compliance with the State's reporting
requirements and the City of Lodi's Investment Policy and Internal Control Guidelines.
The total of all invested funds as of the quarter ending March 31, 2017 is $90,521,753.91. The average
annualized return on all invested funds over the quarter is 1.0 percent. The total earnings on all invested
funds for Fiscal Year 2016/17 are $266,446.32. The average annualized return on all invested funds for
FY 2016/17 is 0.4 percent.
FISCAL IMPACT: Not applicable.
FUNDING AVAILABLE: Not applicable.
Attachment
CAA
Andrew Keys
Treasurer
APPROVED:
chw;I:IN City Manager
Investment:
CITY OF LODI
INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
March 31, 2017 Investment Statement
Earnings for Qtr
Ending 03/31/17:
Ending
Balance:
Local Agency Investment Funds*
38.1 % of portfolio
CaITRUST Investment Trust of California
48.9% of portfolio
Short -Term Account
Medium -Term Account
Certificates of Deposit
2.8% of portfolio
F&M Bank (matures 11/07/17)
Bank of the West (matures 03/10/18)
BBVA Compass (matures 03/13/18)
Passbook/Checking Accounts
10.2% of portfolio
Farmers & Merchants **
Farmers & Merchants - Money Market
Farmers & Merchants - Payroll
Farmers & Merchants - CP Money Market
04,6,„,
Andrew Keys
Deputy City Manager/Internal Services Director
0.78% interest earnings
34,480,960.46
Subtotal LAIF 34,480,960.46
0.92% interest earnings
1.44% interest earnings
Subtotal CaITRUST
0.90% interest earnings
0.75% interest earning
1.00% interest earnings
Subtotal CDs
demand acct
0.55% interest earnings
demand acct
0.55% interest earnings
12,251,173.60
32,032,406.02
44,283,579.62
2,000,000.00
250, 000.00
249, 995.47
2,499,995.47
1,570,849.31
5,140,748.03
60,861.21
2,484,759.81
Subtotal P/C Accts 9,257,218.36
TOTAL 90,521,753.91
5/0)NO
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.