HomeMy WebLinkAboutAgenda Report - December 20, 2017 C-04TM
CITY OF LODI
COUNCIL COMMUNICATION
AGENDA ITEM C'L4
AGENDA TITLE: Accept the Quarterly Investment Report as Required by the City of Lodi Investment
Policy
MEETING DATE: December 20, 2017
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 September 30, 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 September 30, 2017 is $97,430,273.67. The
average annualized return on all invested funds over the quarter is 1.7%. The total earnings on all
invested funds for the quarter ending September 30, 2017 are $390,620.66. The average annualized
return on all invested funds for FY 2017/18 is 1.7%.
FISCAL IMPACT: Not applicable.
FUNDING AVAILABLE: As per attached report.
Attachment
APPROVED:
Andrew Keys
Treasurer
Ste: en Sc a►-uer, ity Manager
Investment:
CITY OF LODI
INTERNAL SERVICES DEPARTMENT
BUDGET DIVISION
September 30, 2017 Investment Statement
Earnings for Qtr
Ending 09/30/17:
Ending
Balance:
Local Agency Investment Funds
37.7% of portfolio
CaITRUST Investment Trust of California
48.5% 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
11% of portfolio
Farmers & Merchants *
Farmers & Merchants - Money Market
Farmers & Merchants - Payroll
Farmers & Merchants - CP Money Market
Total Pooled Cash Portfolio
Pension Stabilization Trust Fund
PARS - 100% of portfolio
1.08% interest earnings
Subtotal LAIF
1.21% interest earnings
1.05% interest earnings
Subtotal Ca1TRUST
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
Subtotal P/C Accts
13.16% annualized earnings rate
Other Post Employment Benefits Trust Fund
CERBT - 100% of portfolio 12.77% annualized earnings rate
TOTAL INVESTMENTS
a4/6.- )6 /610
Andrew Keys
Deputy City Manager/Internal Services Director
Date
34,621,456.43
34,621,456.43
12,321,251.38
32,217.286.97
44,538,538.35
2,000,000.00
250, 000.00
249, 995.47
2,499,995.47
4,570,270.51
3,083,691.93
62,511.93
2,372,179.58
* This account carries a compensating balance required to obtain an earnings credit to
offset service charges.
10,088,653.95
91,748,644.20
4,569,437.57
1,112,191.90
97,430,273.67