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Home My WebLink AboutAgenda Report - February 5, 2020 C-03AGENDA ITEM co we t3 r4 %, CITY OF LODI COUNCIL COMMUNICATION TM AGENDA TITLE: Accept the Quarterly Investment Report as Required by the City of Lodi Investment Policy MEETING DATE: February 5, 2020 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 2018-33 on March 7, 2018, requiring the Treasurer to submit a quarterly investment reporting in accordance with Section 53646. The attached Treasurer's Report for the quarter ending December 31, 2019 is in compliance with the State's reporting recommendations and the City of Lodi's Investment Policy and Internal Control Guidelines. The investment report, investment policy and historical investment reports can be accessed on the City website by following this link: http://www.lodi.-gov/196/Finance FISCAL IMPACT: FUNDING AVAILABLE: Attachment Not applicable. As per attached report. Andrew Keys Treasurer APPROVED: l Step en S a uer, City Manager CITY OF LODI SUMMARY OF CASH AND INVESTED FUNDS FOR THE QUARTER ENDED DECEMBER 31, 2019 TYPE OF INVESTMENT Interest Rate Matw.ityDate Par Value Cost Market Value % of Portfolio Cash and Eoulvalents Farmers & Merchants Bank Main * Due on Demand 3,370,151 3,370,151 2.63% Farmers & Merchants Bank Payroll * Due on Demand 1,034,646 1,034,646 0.81% Local Agency Investment Fund Due on Demand 26,160,495 26,160,495 20.38% Farmer's & Merchants Bank Money Market * Due on Demand 9,849,001 9,849,001 7.67% Wells Fargo Bank Money Market * Due on Demand 1,374,836 1,374,836 1.07% Total Demand Deposit Accounts 41,789,130 41,789,130 32.56% Bond Mutual Fund Interest Rate Maturity Date Par Value Cost Market Value %of Portfolio CAL TRUST Medium Term Fund Due on Demand 10,181,514 10,181,514 7.937 Total Bond Mutual Funds 10,181,514 10,181,514 7.93% Local Bank Certificates of Deoas[t Interest Rate Maturity Date Par Value Cost Market Value % of Portfolio Farmers & Merchants Bank 1.00% 11/7/2021 2,000,000 2,000,000 2,000,000 1.56% BBVA Compass 2.50% 3/13/2021 249,995 249,995 249,995 0.19% Total Local Bank Certificates of Deposit 2,249,995 2,249,995 2,249,995 1.75% Negotiable Certificates of Deposit Interest Rate Maturity Date Par Value Cost Market Value % of Portfolio BRIDGEWATER BANK BLOOMINGTON MINNESOTA 2.20% 8/17/2020 250,000 250,000 250,858 0.20% BELMONT SAVINGS BANK INTEREST 1.95% 11/23/2020 250,000 250,000 250,655 0.20% TIAA FSB INTEREST BEARING 1.95% 11/23/2020 250,000 250,000 250,653 0.20% ALLY BANK INTEREST BANKING 2.05% 11/24/2020 250,000 250,000 250,878 0.20% BERKSHIRE BANK PITTSFIELD 1.85% 11/24/2020 250,000 250,000 250,432 0.20% NEBRASKALAND NATIONAL BANK 1.85% 11/27/2020 250,000 250,000 250,437 0.20% MB FINANCIAL BANK NA 2.00% 11/17/2021 250,000 250,000 251,364 0.20% MERRICK BANK 2.10% 11/17/2021 250,000 250,000 251,826 0.20% DISCOVER BANK 2.15% 11/22/2021 250,000 250,000 252,063 0.20% THIRD FEDERAL SAVINGS & LOAN CLEVELAND 2.10% 11/24/2021 250,000 250,000 251,835 0.20% BMW BANK NORTH AMERICA 2.20% 11/29/2021 250,000 250,000 252,314 0.20% ENERBANK USA 2.55% 1/18/2022 250,000 250,000 254,193 0.20% HORIZON BANK NATION ASSN 2.85% 5/4/2022 250,000 250,000 256,310 0.20% MOUNTAIN ONE BANK 1.85% 5/31/2022 250,000 250,000 250,056 0.19% CITI BANK 1.95% 8/23/2022 250,000 250,000 251,056 0.20% CAPITALONE BANK USA NA 2.40% 11/22/2022 250,000 250,000 254,110 0.20% CAPITAL ONE NA 2.40% 11/22/2022 250,000 250,000 254,110 0.20% GOLDMAN SACHS BANK USA 2.40% 11/22/2022 250,000 250,000 254,110 0.20% WELLS FARGO BANK NA 2.40% 11/22/2022 250,000 250,000 254,124 0.20% 1P MORGAN CHASE BANK NA 2.30% 11/30/2022 250,000 250,000 250,638 0.20% AMERICAN EXPRESS BANK FSB 2.50% 12/5/2022 250,000 246,699 253,769 0.20% SYNCHRONY BANK 2.60% 1/19/2023 250,000 250,000 255,707 0.20% SALLIE MAE BANK/SALT LAKE CITY, UTAH 2.65% 1/24/2023 250,000 250,000 256,101 0.20% STATE BANK OF INDIA 2.70% 2/16/2023 250,000 250,000 256,596 0.20% MEDALLION BANK UTAH 2.90% 4/10/2023 250,000 250,000 258,473 0.20% STIFEL BANK AND TRUST 2.95% 5/15/2023 250,000 250,000 259,145 0.20% CITIBANK NA 3.25% 6/6/2023 250,000 250,000 261,759 0.20% INDUSTRIAL & COM BK CHNA 3.30% 6/30/2023 250,000 250,000 262,434 0.20% COMENITY CAPITAL BANK 3.30% 7/16/2023 250,000 250,000 262,572 0.20% UBS BANK 3.35% 10/5/2023 250,000 250,000 263,754 0.21% BARCLAYS BANK/DELAWARE 3.35% 10/10/2023 250,000 250,000 263,755 0.21% HSBC BANK 3.50% 10/31/2023 250,000 250,000 253,808 0.20% BMO HARRIS BANK NATL ASSOC** 2.00% 11/20/2023 250,000 250,000 250,347 0.20% BANK OF BARODA 3.55% 11/30/2023 250,000 250,000 266,111 0.21% MCHENRY SAVINGS BK IL 2.80% 3/14/2024 250,000 250,000 259,484 0.20% FIRST UNITED BK & TRUST 2.95% 4/26/2024 250,000 250,000 250,222 0.19% MORGANSTANLEY BANK** 1.95% 11/29/2024 250,000 250,000 250,111 0.19% MORGANSTANLEY PRIVATE BANK** 1.90% 11/29/2024 250,000 250,000 249,528 0.19% TEXAS EXCHANGE BANK** 2.00% 12/20/2024 250,000 250,000 250,631 0.20% Total Negotiable Certificates of Deposit 9,750,000 9,746,699 9,926,331 7.73% CITY OF LODI SUMMARY OF CASH AND INVESTED FUNDS FOR THE QUARTER ENDED DECEMBER 31, 2019 TYPE OF INVESTMENT Interest Rate Maturity Date Par Value Cost Market Value % of Portfolio Agency 5eturities FEDERAL FARM CREDIT BANK SYSTEM 2.05% 1/30/2020 250,000 247,902 250,139 0.19% FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.50% 2/28/2020 500,000 494,585 499,903 0.39% TENNESSEE VALLEY AUTHORITY 2.25% 3/15/2020 250,000 248,441 250,325 0.20% FEDERAL FARM CREDIT BANK SYSTEM 2.50% 4/27/2020 250,000 249,526 250,807 0.20% FEDERAL FARM CREDIT BANK SYSTEM 2.55% 5/15/2020 250,000 249,734 250,899 0.20% FEDERAL FARM CREDIT BANK SYSTEM 1.55% 7/27/2020 500,000 492,355 500,017 0.39% FEDERAL FARM CREDIT BANK SYSTEM 2.84% 9/17/2020 250,000 251,200 252,309 0.20% FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.50% 10/22/2020 205,000 199,527 204,762 0.16% FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.70% 11/13/2020 250,000 244,468 250,078 0.19% FEDERAL HOME LOAN BANK 5.25% 12/11/2020 250,000 266,094 258,388 0.20% FEDERAL AGRICULTURE MORTGAGE CORPORATIQV 2.35% 2/22/2021 250,000 247,195 252,095 0.20% FEDERAL HOME LOAN BANK 2.38% 3/12/2021 250,000 247,737 252,152 0.20% FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.75% 4/9/2021 250,000 242,978 250,282 0.19% FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.25% 5/6/2021 250,000 240,040 248,821 0.19% FEDERAL HOME LOAN BANK 1.50% 6/30/2021 250,000 242,625 248,369 0.19% FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.25% 8/17/2021 250,000 238,514 248,679 0.19% FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.00% 9/28/2021 250,000 244,105 251,574 0.20% FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.38% 10/7/2021 250,000 238,923 249,050 0.19% FEDERAL HOME LOAN BANK 2.63% 12/10/2021 250,000 248,755 254,646 0.20% FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.00% 1/5/2022 250,000 243,235 251,927 0.20% FEDERAL HOME LOAN BANK 2.63% 3/11/2022 250,000 248,853 255,663 0.20% FEDERAL HOME LOAN BANK 1.65% 4/19/2022 500,000 481,125 499,160 0.39% FEDERAL HOME LOAN BANK 2.62% 5/27/2022 250,000 249,465 255,948 0.20% FEDERAL FARM CREDIT BANK SYSTEM 1.88% 6/1/2022 250,000 242,059 251,615 0.20% FEDERAL FARM CREDIT BANK SYSTEM 1.75% 7/5/2022 250,000 238,208 249,989 0.19% FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.00% 8/26/2022 250,000 242,734 252,288 0.20% FREDDIE MAC 1.85% 9/2/2022 350,000 350,000 349,999 0.27% FEDERAL HOME LOAN BANK 3.13% 9/9/2022 250,000 254,254 259,996 0.20% FREDDIE MAC 2.00% 9/12/2022 250,000 250,000 249,836 0.19% FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.38% 1/19/2023 250,000 246,300 255,645 0.20% FEDERAL FARM CREDIT BANK SYSTEM 2.65% 3/8/2023 250,000 249,325 257,877 0.20% FEDERAL FARM CREDIT BANK SYSTEM 2.70% 4/11/2023 250,000 249,500 258,485 0.20% FEDERAL HOME LOAN BANK 2.85% 5/8/2023 250,000 250,174 260,060 0.20% FEDERAL AGRICULTURE MORTGAGE CORPORATION 2.90% 7/24/2023 250,000 249,160 260,800 0.20% FEDERAL HOME LOAN BANK 2.63% 4/15/2024 500,000 500,000 500,619 0.39% FEDERAL HOME LOAN MORTGAGE CORPORATION 2.63% 4/24/2024 650,000 650,037 651,211 0.51% FEDERAL HOME LOAN MORTGAGE CORPORATION 2.75% 5/1/2024 500,000 500,000 501,272 0.39% FEDERAL HOME LOAN MORTGAGE CORPORATION ** 2.00% 5/10/2024 300,000 300,000 300,007 0.23% FEDERAL FARM CREDIT BANK SYSTEM ** 1.94% 6/3/2024 1,000,000 1,000,000 1,000,037 0.78% FEDERAL HOME LOAN MORTGAGE CORPORATION ** 2.05% 7/29/2024 500,000 500,000 500,222 0.39% FEDERAL HOME LOAN MORTGAGE CORPORATION ** 2.10% 12/5/2024 500,000 500,000 500,264 0.39% FEDERAL HOME LOAN MORTGAGE CORPORATION ** 2.07% 12/23/2024 500,000 500,000 500,029 0.39% Total Agency Securities 13,755,000 13,629,128 13,846,243 10.79% US Treasury Notes Interest Rate Maturity Date Par Value Cost Market Value % of Portfolio UNITED STATES TREASURY 1.38% 4/30/2020 500,000 491,523 499,530 0.39% UNITED STATES TREASURY 1.63% 6/30/2020 500,000 493,607 500,000 0.39% UNITED STATES TREASURY 2.63% 7/31/2020 250,000 249,029 251,416 0.20% UNITED STATES TREASURY 2.63% 8/31/2020 250,000 248,942 251,602 0.20% UNITED STATES TREASURY 2.63% 11/15/2020 250,000 248,868 252,100 0.20% UNITED STATES TREASURY 2.38% 12/31/2020 250,000 247,420 251,768 0.20% UNITED STATES TREASURY 1.38% 1/31/2021 250,000 241,844 249,307 0.19% UNITED STATES TREASURY 1.13% 2/28/2021 250,000 239,815 248,535 0.19% UNITED STATES TREASURY 1.25% 3/31/2021 250,000 240,368 248,858 0.19% UNITED STATES TREASURY 1.38% 4/30/2021 250,000 240,904 249,238 0.19% UNITED STATES TREASURY 1,38% 5/31/2021 250,000 240,547 249,238 0.19% UNITED STATES TREASURY 1.13% 6/30/2021 250,000 238,335 248,252 0.19% UNITED STATES TREASURY 1.13% 7/31/2021 250,000 237,921 248,135 0.19% UNITED STATES TREASURY 2.00% 8/31/2021 250,000 244,513 251,650 0.20% UNITED STATES TREASURY 1.13% 9/30/2021 250,000 237,186 247,988 0.19% UNITED STATES TREASURY 2.00% 10/31/2021 250,000 244,134 251,865 0.20% UNITED STATES TREASURY 2.00% 12/31/2021 400,000 394,512 403,203 0.31% UNITED STATES TREASURY 1.50% 1/31/2022 250,000 240,139 249,629 0.19% UNITED STATES TREASURY 1.88% 2/28/2022 250,000 243,370 251,533 0.20% CITY OF LODI SUMMARY OF CASH AND INVESTED FUNDS FOR THE QUARTER ENDED DECEMBER 31, 2019 TYPE OF INVESTMENT Interest Rate Maturity Date Par Value Cost Market Value %of Portfolio US Treasury Notes Cont'd UNITED STATES TREASURY 1.88% 3/31/2022 250,000 243,143 251,592 0.20% UNITED STATES TREASURY 1.75% 5/31/2022 250,000 242,223 250,977 0.20% UNITED STATES TREASURY 1.75% 6/30/2022 250,000 242,065 251,035 0.20% UNITED STATES TREASURY 1.88% 7/31/2022 250,000 243,028 251,768 0.20% UNITED STATES TREASURY 1.63% 8/31/2022 250,000 240,313 250,205 0.19% UNITED STATES TREASURY 1.88% 9/30/2022 250,000 242,668 251,904 0.20% UNITED STATES TREASURY 2.00% 10/31/2022 250,000 243,745 252,744 0.20% UNITED STATES TREASURY 2.00% 11/30/2022 250,000 243,603 252,822 0.20% UNITED STATES TREASURY 2.13% 12/31/2022 250,000 244,688 253,809 0.20% UNITED STATES TREASURY 1.50% 2/28/2023 250,000 237,063 249,131 0.19% UNITED STATES TREASURY 1.50% 3/31/2023 250,000 236,790 249,092 0.19% UNITED STATES TREASURY 1.63% 4/30/2023 250,000 238,225 249,980 0.19% UNITED STATES TREASURY 1.63% 5/31/2023 250,000 236,525 250,010 0.19% UNITED STATES TREASURY 2.63% 6/30/2023 250,000 247,329 258,457 0.20% UNITED STATES TREASURY 1.25% 7/31/2023 250,000 231,621 246,650 0.19% Total US Treasury Notes 9,150,000 8,876,001 9,174,022 7.15% Corporate Securities Interest Rate Maturity Date Par Value Cost Market Value %of Portfolio MERCK & COMPANY INC 1.85% 2/10/2020 300,000 296,400 299,926 0.23% MICROSOFT CORP 1.85% 2/12/2020 500,000 500,453 500,004 0.39% CHEVRON CORP 1.96% 3/3/2020 500,000 498,091 499,911 0.39% AMERICAN HONDA FINANCE 2.15% 3/13/2020 300,000 299,977 300,020 0.23% NEVADA POWER COMPANY 2.75% 4/15/2020 250,000 249,765 250,558 0.20% IBM CORP 1.63% 5/15/2020 500,000 494,010 499,839 0.39% CITIBANK NA 2.10% 6/12/2020 750,000 737,700 750,369 0.58% CISCO SYSTEMS INC 2.45% 6/15/2020 250,000 248,618 250,741 0.20% 1PMORGAN CHASE & CO 2.75% 6/23/2020 420,000 419,129 421,210 0.33% TARGET CORPORATION 3.88% 7/15/2020 250,000 256,310 252,679 0.20% AMAZON.COM INC 1.90% 8/21/2020 300,000 298,653 300,272 0.23% HSBC BANK USA NA 4.88% 8/24/2020 250,000 256,818 254,310 0.20% AUTOMATIC DATA PROCESSING 2.25% 9/15/2020 300,000 297,516 300,793 0.23% BANK OF AMERICA CORP 2.63% 10/19/2020 500,000 503,172 502,862 0.39% COCA-COLA COMPANY 2.45% 11/1/2020 250,000 248,290 251,278 0.20% WELLS FARGO & COMPANY 2.55% 12/7/2020 200,000 199,591 201,218 0.16% WELLS FARGO BANK NA 2.60% 1/15/2021 250,000 246,540 251,753 0.20% MICROSOFT CORP 4.00% 2/8/2021 100,000 104,600 102,735 0.08% CISCO SYSTEMS INC 2.20% 2/28/2021 150,000 147,659 150,878 0.12% EXXON MOBIL CORPORATION 2.22% 3/1/2021 150,000 147,915 150,885 0.12% BERKSHIRE HATHAWAY INC 2.20% 3/15/2021 100,000 99,297 100,387 0.08% PNC BANK NA 2,15% 4/29/2021 500,000 495,965 501,640 0.39% COSTCO WHOLESALE CORP 2.15% 5/18/2021 100,000 99,008 100,557 0.08% ALPHABET INC 3.63% 5/19/2021 100,000 104,000 102,630 0.08% DETROIT EDISON CO 3.90% 6/1/2021 375,000 385,585 383,692 0.30% TOTAL CAPITAL INTERNATIONAL SA 2.75% 6/19/2021 250,000 248,075 253,375 0.20% AMERICAN HONDA FINANCE 1.65% 7/12/2021 250,000 239,433 249,423 0.19% WELLS FARGO BANK NA 3.33% 7/23/2021 750,000 748,343 755,873 0.59% APPLE INC 1.55% 8/4/2021 500,000 485,396 498,124 0.39% MIZUHO FINANCIAL CORPORATION 2.27% 9/13/2021 250,000 240,903 251,025 0.20% BOEING COMPANY 2.35% 10/30/2021 250,000 245,363 252,429 0.20% PFIZER INC 2.20% 12/15/2021 200,000 198,284 201,960 0.16% TOYOTA MOTOR CREDIT CORP 2.60% 1/11/2022 250,000 246,665 253,781 0.20% PACIFICORP 2.95% 2/1/2022 250,000 249,816 254,899 0.20% JOHNSON&JOHNSON 2.25% 3/3/2022 250,000 245,167 252,763 0.20% TD AMERITRADE HOLDING COMPANY 2.95% 4/1/2022 250,000 247,243 255,575 0.20% ORACLE CORP 2.50% 5/15/2022 100,000 99,204 101,313 0.08% UNITED PARCEL SERVICE 2.35% 5/16/2022 100,000 98,749 101,120 0.08% DEERE & COMPANY 2.60% 6/8/2022 100,000 99,153 101,881 0.08% 3M COMPANY 2.00% 6/26/2022 150,000 144,485 150,586 0.12% TOYOTA MOTOR CREDIT CORPORATION 2.80% 7/13/2022 250,000 246,950 255,897 0.20% PROCTER & GAMBLE COMPANY 2.15% 8/11/2022 250,000 243,146 252,884 0.20% MERCK & CO INC 2.40% 9/15/2022 100,000 98,701 101,559 0.08% JPMORGAN CHASE & CO 3.25% 9/23/2022 100,000 101,377 103,465 0.08% GENERAL ELECTRIC CO 2.70% 10/9/2022 250,000 242,535 253,457 0.20% MICROSOFT CORP 2.65% 11/3/2022 250,000 247,580 256,039 0.20% CITY OF LODI SUMMARY OF CASH AND INVESTED FUNDS FOR THE QUARTER ENDED DECEMBER 31, 2019 TYPE OF INVESTMENT Interest Rate Maturity Date Par Value Cost Market Value % of Portfolio Corporate Securities Cant'd AUSTRALIA & NEW ZEALAND BANKING GROUP NY 2.63% 11/9/2022 25.0,000 243,450 254,627 0.20% VISA INC 2.80% 12/14/2022 250,000 247,518 257,267 0.20% JPMORGAN CHASE & CO 2.97% 1/15/2023 150,000 147,503 152,839 0.12% BANK OF NEW YORK MELLON CORP 2.95% 1/29/2023 100,000 100,069 102,700 0.08% WELLS FARGO & COMPANY 3.45% 2/13/2023 150,000 152,147 155,346 0.12% UNITED HEALTH GROUP INC 2.75% 2/15/2023 100,000 99,143 102,009 0.08% EXXON MOBIL CORPORATION 2.73% 3/1/2023 250,000 247,040 256,070 0.20% WALMART INC 2.55% 4/11/2023 250,000 244,525 255,434 0.20% APPLE INC 2.40% 5/3/2023 250,000 240,887 254,266 0.20% SOUTHERN CALIFORNIA EDISON 3.40% 6/1/2023 254,000 252,849 263,391 0.21% CHEVRON CORPORATION 3.19% 6/24/2023 250,000 249,295 260,266 0.20% NEW YORK UNIVERSITY* 2.72% 7/1/2023 230,000 230,000 232,308 0.18% ORACLE CORP 3.63% 7/15/2023 250,000 253,415 264,373 0.21% IBM CORP 3.38% 8/1/2023 500,000 492,500 523,663 0.41% SHELL INTERNATIONAL FIN 3.40% 8/12/2023 250,000 252,275 262,179 0.20% GILEAD SCIENCES INC 2.50% 9/1/2023 260,000 249,886 263,960 0.21% PROV STJOSEPH HEALTH OBL** 4.38% 10/1/2023 315,000 315,000 340,394 0.27% TOYOTA MOTOR CREDIT CORP 2.25% 10/18/2023 250,000 235,228 252,458 0.20% COCA-COLA CO 3.20% 11/1/2023 238,000 235,651 249,637 0.19% NATIONAL RURAL UTIL COOP 3.40% 11/15/2023 300,000 297,885 315,817 0.25% ALABAMA POWER CO 3.55% 12/1/2023 250,000 249,873 263,839 0.21% TOYOTA MOTOR CREDIT CORP 3.35% 1/8/2024 400,000 399,358 419,976 0.33% JOHN DEERE CAPITAL CORP 3.45% 1/10/2024 250,000 250,448 263,546 0.21% BP CAP MARKETS AMERICA 3.79% 2/6/2024 500,000 538,075 532,144 0.41% 3M COMPANY ** 3.25% 2/14/2024 300,000 300,000 313,995 0.24% BANK OF AMERICA CORP 3.25% 2/15/2024 500,000 500,000 498,658 0.39% BOEING CO 2.80% 3/1/2024 250,000 248,917 255,715 0.20% DETROIT EDISON CO** 3.65% 3/15/2024 300,000 300,000 317,612 0.25% BANK OF AMERICA CORP 4.00% 4/1/2024 250,000 263,445 267,771 0.21% WELLS FARGO & COMPANY** 3.30% 9/9/2024 500,000 500,000 524,013 0.41% AMERICAN HONDA FINANCE** 2.15% 9/10/2024 500,000 500,000 500,394 0.39% SHELL INTERNATIONAL FIN** 2.00% 11/7/2024 500,000 500,000 498,683 0.39% CALPRIVATE BANK** 1.95% 11/22/2024 250,000 250,000 250,155 0.19% Total Corporate Securities 21,592,000 21,488,008 22,015,242 17.15% Municipal Securities Interest Rate Maturity Date Par Value Cost Market Value %of Portfolio SAN RAMON CA REDEVELOPMENT AGENCY 2.75% 2/1/2020 105,000 104,941 105,079 0.08% CONNECTICUT GENERAL OBLIGATION 2.29% 3/15/2020 500,000 493,235 500,245 0.39% POMONA CA REVENUE WATER FACILITIES PROJEC- 2.01% 5/1/2020 150,000 148,584 150,083 0.12% LA DEPT OF APRTS 2.09% 5/15/2020 600,000 600,046 600,624 0.47% ALAMEDA COUNTY CA JOINT POWERS AUTHORITY 2.60% 6/1/2020 550,000 550,506 551,628 0.43% LANCASTER CA REDEVELOPMENT AGENCY 2.39% 8/1/2020 235,000 236,203 235,750 0.18% CONNECTICUT ST GENERAL OBLIGATION 2.50% 8/1/2020 265,000 262,448 265,708 0.21% MARIN COUNTY 2.66% 8/1/2020 500,000 500,000 502,750 0.39% OAKLEY CA REDEVELOPMENT AGENCY 2.85% 9/1/2020 145,000 147,120 145,735 0.11% SCOTTS VALLEY CA REDEVELOPMENT AGENCY 2.25% 9/1/2020 150,000 150,111 150,233 0.12% SANTA FE SPRINGS CA COMMUNITY DEVELOPMENT 1.63% 9/1/2020 235,000 228,133 234,467 0.18% PALM DESERT CA REDEVELOPMENT AGENCY 2.25% 10/1/2020 250,000 247,823 250,773 0.20% TEXAS ST PUBLIC FINANCE AUTHORITY 3.53% 10/1/2020 350,000 358,351 354,438 0.28% CALIFORNIA STATE HIGH SPEED RAIL 2.63% 4/1/2021 500,000 501,060 505,410 0.39% UNIVERSITY OF CALIFORNIA 3.24% 5/15/2021 150,000 152,684 152,964 0.12% UNIVERSITY OF CALIFORNIA CA REVENUES 1.79% 5/15/2021 250,000 244,733 250,073 0.19% BURBANK-GLENDALE-PASADENAAIPORTAUTHOR TY 4.13% 7/1/2021 90,000 94,323 92,730 0.07% LA MIRADA CA REDEVELOPMENT 2.91% 8/15/2021 250,000 253,195 253,195 0.20% YUBA LEVEE FINANCING AUTHORITY 2.86% 9/1/2021 250,000 252,980 254,453 0.20% SAN DIEGO CA REDEVELOPMENT AGENCY 2.25% 9/1/2021 250,000 246,163 251,395 0.20% ROSEVILLE FINANCE AUTHORITY - ELECTRIC SYSTEM 2.41% 2/1/2022 250,000 246,915 252,773 0.20% POMONA REDEV AGY-REF 3.55% 2/1/2022 275,000 283,441 283,850 0.22% CAST-TXBL 6.65% 3/1/2022 640,000 716,619 690,170 0.54% STATE OF MARYLAND 2.65% 3/15/2022 300,000 300,480 305,628 0.24% CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 2.46% 4/1/2022 250,000 246,270 251,630 0.20% CALIFORNIA ST-A-TXBL 2.37% 4/1/2022 500,000 502,362 507,005 0.40% CALIFORNIA STATE DEPT OF WATER RESOURCES 2.00% 5/1/2022 300,000 291,678 301,635 0.23% UNIV OF CALIFORNIA -BC 2,61% 5/15/2022 250,000 250,000 254,828 0.20% CITY OF LODI SUMMARY OF CASH AND INVESTED FUNDS FOR THE QUARTER ENDED DECEMBER 31, 2019 TYPE OF INVESTMENT Municipal Securities Cont'd FAIRFIELD-REF-TXBL** TULARE COUNTY CA PENSION OBLIGATION ARKANSAS ST AMENDMENT 82 ADELANTO PUBLIC UTILITIES ORANGE COUNTY CA WATER DIST** OCEANSIDE CA PENSION OBLIGATION VISTA CA REDEVELOPMENT SAN BERNARDINO COUNTY REDEVELOPMENT SAN LEANDRO CA REDEVELOPMENT AGENCY SAN FRANCISCO CITY & COUNTY CA CALIFORNIA DEPARTMENT OF WATER RESOURCES CARSON CA REDEVELOPMENT CALIFORNIA HOUSING FINANCE AGENCY GEORGIA ST GENERAL OBLIGATION FRESNO FING-B REF OHIO ST THIRD FRONTIER RESEARCH RIVERSIDE CA PENSION OBLIGATION SAN DIEGO TOBACCO SETTLEMENT INDUSTRY-REF-TXBL SOLANO COMMUNITY COLLEGE DT** CALIFORNIA VARIOUS PURPOSE VISTA REDEV AGENCY-TXBL** CENTRAL CONTRA COSTA SANITATION DISTRICT CALIFORNIA STATE MUNI TAX RIVERSIDE CA UNIFIED SCHOOL DIST** CORTE MADERA-TXBL-REF TULARE COUNTY BRD ED-TXBL** CHAFFEY COMMUNITY COLLEGE DT** CONTRA COSTA CA COMNTY SOLANO COMMUNITY COLLEGE DT** SAN FRANCISCO REDEV-C** ORANGE COUNTY CA WATER DIST** ESCONDIDO JT POWERS** CARMICHAEL WATER DIST** Total Municipal Securities INVESTMENTS SUBTOTAL NOT INCLUDING CASH & EQUIVALENTS TOTAL ALL INVESTMENTS INCLUDING CASH & EQUIVALENTS * End of month bank balances are reflected on this report. ** Investments purchased during this reporting pericd. Interest Rate Maturitv Date Par Value Cost Market Value %of Portfolio 3.25% 6/1/2022 150,000 150,000 153,990 0.12% 3.20% 6/1/2022 250,000 250,245 256,285 0.20% 2.84% 7/1/2022 100,000 100,499 102,428 0.08% 3.50% 7/1/2022 240,000 246,936 247,978 0.19% 1.83% 8/15/2022 125,000 125,000 125,186 0.10% 3.84% 8/15/2022 200,000 209,604 209,176 0.16% 3.00% 9/1/2022 120,000 120,960 123,754 0.10% 3.25% 9/1/2022 160,000 161,840 163,397 0.13% 3.21% 9/1/2022 260,000 260,887 268,858 0.21% 2.40% 11/1/2022 445,000 437,052 452,489 0.35% 2.52% 12/1/2022 75,000 75,000 76,521 0.06% 3.00% 2/1/2023 80,000 81,000 81,473 0.06% 2.88% 2/1/2023 200,000 443,770 460,800 0.36% 2.23% 2/1/2023 310,000 299,559 312,988 0.24% 3.18% 4/1/2023 285,000 282,230 293,858 0.23% 2.11% 5/1/2023 250,000 240,273 252,370 0.20% 2.63% 6/1/2023 250,000 243,888 254,065 0.20% 3.44% 6/1/2023 500,000 500,745 515,715 0.40% 3.00% 7/1/2023 500,000 506,070 502,445 0.39% 2.06% 8/1/2023 145,000 145,000 144,901 0.11% 3.50% 8/1/2023 305,000 310,481 320,159 0.25% 3.00% 9/1/2023 290,000 290,000 301,351 0.23% 3.12% 9/1/2023 415,000 417,283 433,600 0.34% 2.25% 10/1/2023 250,000 239,738 252,590 0.20% 1.98% 2/1/2024 400,000 400,000 398,988 0.31% 2.75% 5/1/2024 150,000 150,357 152,841 0.12% 2.31% 5/1/2024 235,000 235,000 235,040 0.18% 1.72% 6/1/2024 480,000 480,000 475,056 0.37% 1.77% 8/1/2024 250,000 250,000 247,103 0.19% 2.16% 8/1/2024 300,000 300,000 299,409 0.23% 3.13% 8/1/2024 500,000 500,000 521,130 0.41% 1.94% 8/15/2024 200,000 200,000 199,774 0.16% 2.19% 9/1/2024 380,000 380,000 379,327 0.30% 2.17% 11/1/2024 1,295,000 1,295,000 1,302,602 1.01% 18,635,000 18,938,817 19,172,892 14.949o, 75,131,995 74,928,649 76,384,725 59.51% 126,899,293 128, 355,369 100.00% CERTIFICATION I certify this report accurately reflects all city pooled ;nvestments and is in conformity with state law and the investment policy statement adopted by the City Council on February 5, 2020. The investment program herein shown provides sufficient cash liquidity to meet the next six months estimated expenditures. A copy of this report is avai able in the City Clerk's Office or online �at hp:wov/finance/reveenue.html. 0 ttw Andrew Keys, Treasurer/Dire of Finance usan Bjork, Budget Man49 �/,-)-vac;, Review Date 1ha,� ay�) ; D, - 0 Rev eW Date IRS Section 115 Retirement Benefit Trust Funds Public Agency Retirement Services - Pension Stabilization Fund Balanced Strategy Mutual Fund Total Pension Stabilization Fund CaIPER5 - California Emoi'_oyer's Retiree Ban efl_t_Tru_st_ ICERBT) CERBT Strategy 2 Total CENT Total Section 115 Retirement Benefit Trust Funds Restricted Cash Accounts PCE/TCE Central Plume Remediation Fund Farmers & Merchants Bank Money Market Total PCE/TCE Central Plume Account Total Restriction Cash Accounts Market Value $ 17,023,582 $ 17,023,582 $ 2,013,696 $ 2,013,696 $ 19,037,278 Market Value $ 1,832,789 $ 1,832,789 $ 1,832,789