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Home My WebLink AboutAgenda Report - May 21, 2003 E-03COUNCIL COMMUNICATION �3 AGENDA TITLE-, Accept the Quarterly InvestmQut Account report as required by law 5564 MEF£TIN.GVrE,` e May 21, 2 €l3 PREPARED Deputy Treasurer RECONWNDED ACTION: That the City Council bymotion/action accept the queerly report of the City of Lodi pooled money investment account as required by SB564. BACKGROUND INFORMATIOM The investment report is currently included in the monthly executive report distributed to Council. 5564 required local agency treasurers to submit a. report on investments at a public meeting. The City of Lodi hws an investment ent policy, which is submitted to council for approval on an annul basis. Copies of the policy are available in the Finance department. In addition to the quarterly report on investments in the City of Lodi pooled money investment account, a breakdown Treasury Inventory by type has been included its a chart format. Mso included is the most current report of the Local Agency Summary of Investment Data and the, Stawof California pooled money investment account market valuation. The City of Lodi maintains membership in the California Municipal Treasurers association and conforms to guide lees set forth by the CM'I'A investment report committee. The Finance Department will continue to include the investment report monthly as part of the executive report. FUNDING None icy cAtliie Finance Director/Treasurer H.Mixon Fly4n -- City March 31, 2003 City of LCd 212 W . Lodi, CA 95240 Pomd�OCITY AC R tm Date 0510612003 - 09 02 PM (PRF—PMI) Sym Rept V5 Olt Par market awk % Of Days to YT M YTM investments value Vawe V01w, powbft Term maturfty 360 Equiy. 365Eqtflv Locaf AgwCY Inxestment Funds R,q . DU'00.00 57.42 1 2,273 -- Cefffzad% of Depm� - aank 11300,00.00 7.54 208 40 1.$15 1.841 Pzsstooktr,hocking A=6M 5,023,722.24 6,023,72224 n,14 I 1 0.000 D.Ow Oorpomte Medium Tern Note 1,026,038.40 1,018"44'55 5.91 1;056 48 7.151 7-260 17,M'72224 17,24%MA4 17 242,06$.W 11W.00% 79 7 C867 1.893 Pomd�OCITY AC R tm Date 0510612003 - 09 02 PM (PRF—PMI) Sym Rept V5 Olt City of Lodi P orffofiv Management Um Subtotal and Average 1B OO 1, _ ; 1, 1, 1.815 40 _.__.. s ._ _—._ Passki BACK 4003 Ave.Avemw Purchase $7,969,10 187'M.10 0. Steed YM Days to metumy CMIP knVeskmento 1Ss f ww& Date Par Vain Balsas Book Vale ftte Moodys SW maturky rate Local Agency Investneat Funds 13, 1 o ate Medium Term Note 4 A11T low Local Amy Invest, .F d 36 a GSYI 35 Kwins capiwManagement, in 05/2MOW 9, - q,t ; 2.310 2.276 1 LPC 1001 1-n 5 Amy #day Fund (L.Pi.C) I'M'Owa qw,ow00 W0,0MOO 2.310 ._. 2.276 .S_. .._�A 1 SutaW and Avem dg :me�. ti.9 .-ao SI pp Certificates of Deposit WeST 52 Bank of the 04117/2002 7 , 0.fl0 1.110,0.00 100;0=00 2.220 2.220 16 04117/2003 BA 557 ankafAmexi 1241712 2 ?'00," 100,0DOM lov== 13w 1.$ 280 12/17x2003 FM se Farmers & i rclaants 1012512W2 1 yQWIMO- 7 ; 1.8w 1 25 0412612 L aBank e Lodi IWO12002 100,0 W00 8 1 ; ,{10 1€ , i 2.080 2MO 0 041OU20D3 Subtotal and Average 1B OO 1, _ ; 1, 1, 1.815 40 _.__.. s ._ _—._ Passki BACK 4003 Bank of Arraerlpa 071 1.12 2 937: .10 $7,969,10 187'M.10 0. 1 Fa em & marcharft 4,035; M3 14 � 4,635,733.14 4,$36,733.14 Q. 1 Subtotal and Average � ... 4,a1§,"210 5,5113,722,244 8�023 72.2.24,7 13, 1 o ate Medium Term Note 36 a GSYI 35 Kwins capiwManagement, in 05/2MOW 11020.€x.0 7 C .. •44 1,018,344.66 5.WO AAA 7.151 48 M19/200 ablmtal and Avery 1,011,8M74 4, -W I'M'Owa 1,016,344.69 7,361 48 Total Investments and Average am 3Porftio t,'ITY AC PM (PRF-PM2) SymReat 'V5.O1f City of Lodi P March 31, 2003 fiver Purr.. '� Dam to 9a xat issuer tBook VWUR Total Cash and trwestments 17,M72224 EM POMONO VTY AC PM {SRP PPT mRept x/5.64# City of Lodi POWORO management lnvq�4� Activity By Type March 1, 2003throug" Mirch 31, 2003 Statz24 TranswOopPurchases SMewmduffts CUMP Invegment4 ts'-Iuw Rats Oate 0z. Dqx%fts of withOrwais a� Local Agency OnveshnentFunds J o 3 Ceffiftates of Dewsit a Barak o, SaflkofAmsaw 40M Fimers.t Morohwft subtotal Corporate Term We km Ryan Oate 05!053 }3 - M02 33 ,925:61 348,761,85 aa� pog ,fie -y @q�g® .y 1,p1 ; , 12 ®,746,1 ERb A S ,29 Em Powohc VTY AC City of Lodi Portfolio Management March 2002 thL2gj*,jMLrs-,L= Run DaL-. WO&2003 - 09:02 Average 9 16,U2,"346 2277% 2109% 2.07 1 1 103 36 Portmip CITY AC PM ¢PRF-PM4) 5ymRept V5 01 f Yield tomaur#y month mmbw of Total 360 1� C4 Securme-5 Of see wwft AWrase �WeFW sod yew S=uffliez invested 5qulvalwst equivatent R&Opwcha"d Matured J Sold 'rem Dayz to matuffty March 2002 11 17,216,2W -W 3;071 a114 2.9090 0 1 153 76 April 2002 10 2,3,765,461.75 2,328 2.= 2,561 2 3 1 M 54 may M2 10 19,em,834.44 ZE55 2,691 Z.861 1 1 124 69 June 2"2 10 2-759 2.13G7 2.750 0 0 144 74 July 2002 5 15,114; .23 2-4D7 Z440 2-750 1 1 87 28 August 2402 a 173W,502.46 2,054 2-083 2,750 0 0 74 2D Be ptember 20.02 8 12,183,102.24 2.430 2.454 2.750 0 0 105 24 October 2M a 14,53716X82 1,9M i.994 zwo 2 2 91 29 November 2002 a 12,MS;947.82 2-3777 2,41.0 2,630 a 0 4 29 December 2002 9 14,147,008,12 2-03l 2.059 I= 1 0 96 23 januwy 2003 9 14,999,501 .80 1.757 1192 2. 3.10 is 0 90 17 2W3 '9 17;129,142,84 1.$ 1,9w 2.310 0 0 79 11 March 2003 9 17,242,0%.90 1,857 1 :am 2.3'10 0 0 79 7 Run DaL-. WO&2003 - 09:02 Average 9 16,U2,"346 2277% 2109% 2.07 1 1 103 36 Portmip CITY AC PM ¢PRF-PM4) 5ymRept V5 01 f City Portfolio ManagementN a i , . " 11�1-1 OL. Mx EM March APM may hMe Juty Augmtatem ber Ncvmbey Vecambw January ebr y March Average investment Tye Y period LocM Agency vFunds 66A 6TO ,2 64:8 .3 .9 50.7 61.3 52:9 49A 5T8 87.4 .2�'k =3.4 5:5 6.6 T.7 7.9 6:8 9,9 &3 10,0 9.2 8.7 T6 T5 8.4% is . _ s of -.S Z L - tt t. 8.9 27,3 16-1 11,2 2G.5 32.2 21.9 34.1 20.3 31.6 35.2 23.7 29.1 244% ---.___ - ------------ - w.. ...r-Orate s 8 2 5.3 65:0 6.'7 .7 8.3 7. 8.4 7.2 6.8 5, 9 .9 6.4% Federaf AWcy- Coupon a.8 4.2 51 5.9 e8 're a curfts _.---- __-_.-___---------------___ 1a4 . r M . Mtsc-eameout D3 POAMM CFTY Run i)a;e 0510612003 _ 49 f72 Ar. PM.. {F'eRpj= W5) SymRep t V5.()14 151sim Eamings. during Period ftss Through Securities, interest Coli ted Flus Accrued interest at End of Period Less Accrued interest at Beginning of Period Less Accrued Interest at Purchase During Period Interest Earned during Period Adjusted by PrerrWrns and Discounts Adsteel by Captal Gains or Losses Man 0,00 0.00 01M O.OD) Ow Ow UO 75,367.13 I 0'.00 O. aou Earnings during Period PoWofio Management Page 7 IrAerest Eamings Sum, Mary March 31. 2003 0,00 209,614.09 March 31 Month.Endlnq Fiscal Yew To:Dge CINCoupoWDI-scount Investwnts, Less Accrued interwA at Beghnirig of Period 38,25176) interest Collected 30,179.17 102,540484 Pius Accrued interest at End of Period 7,574.31 7,574.31 Less Accrued Interest at Beginning of Period 30,72325) 44,359,29) Less A=ued Interest at Purchase Dulrrg Period 0.00) f 0-00) Interest Earned during Period 7,03023 ri6,055ze Adjusted by Premiums and Discounts 1,034,5B 9,311.27 Adjusted by Capital Gains or Losses OM OOG Eamings. during Period ftss Through Securities, interest Coli ted Flus Accrued interest at End of Period Less Accrued interest at Beginning of Period Less Accrued Interest at Purchase During Period Interest Earned during Period Adjusted by PrerrWrns and Discounts Adsteel by Captal Gains or Losses Man 0,00 0.00 01M O.OD) Ow Ow UO 75,367.13 I 0'.00 O. aou Earnings during Period OTOO ODO Cash/Checking Act nft; interest Collected 0,00 209,614.09 Rus Accrued Interest at End of Period 57,576.75 57,676,75 Less Accrued interwA at Beghnirig of Period 38,25176) 99,=.64) Interest Earrmd during Period 19,422.5 167,M.20 Total Interest Earned during Period .......... 26 .22 233,416,M Tatal.Adjusbuearts ftom Pternfims and Discounts 1,034,58 0,311.27 Total Capital Gains or Losses em UO Run � 05/Oer-1003 - 09 02 PoiffoRo CITY AC PM (PRF—RM6) Sym Rept V5,011 BREAKDOWN OF TREASURY INVENTORY March 31, 2003 Amount Lereent -o"Ortfolilo $9,900,000.00 57.412198% $1,300,000.00 T5389769/9 $5,023,722.24 29,1336301/10 $1,020,000-00 5,91-51 00,-"/o $17,243,722,24 100.00% Treasufy Secunt Coupon 00/0 W023,722,24 PassbooWCherciiing Accounts 29% $1,3 ,0a Cenificates 01 Bank 8% $1020,000.00 FedeFal Agency �ssues - Comate is Term Coupon Note 0% $91130010w oe Agency Investment Fund 57% * Ltm,,al Agency Investment Fund $9,9W,0W.00 scartificates Of De €t - 5w* $1,30GIO00-00 * PaszbooWCheroking Accounts $5,023,722,24 0 Carporate Medium Term Note $1,020,000:00 Wreasury securities- C*uW V FederA Agemy Issues- Coupon PHILIP ANG L,ID ;S TREASURER STA'I`D, OF CALIFORNIA INVFS'I`MENT DIVISION SELECTED INVESTMENT DATA ANALYSIS OF THE POOLED MONEY INVESTMENT ACCOUNT PORTFOLIO (000 OMITTED) December 31, 2002 Average Life of Portfolio as of Deeember 31, 2002 is 202 Days 5 Revised December 31, 2002 PERCENTAGE CHANGE FR D TYPE C �Ce PERCENT PRIOR MONTH Government Bills 497,500 0.88 -1.08 Bonds 0 0 0 Note.-, 6,902,063 12.28 -1.34 Strips (i 0 0 Total l Go ernments 7,399,563 13.16 -2.42 Federal Agency Coupons 4,4967,563 8.00 -0.83 Certificate of Deposits 81025,518 14.28 +0.01 Bank Notes 599,985 1.09 +0.03 l inkers` Acceptances 0 0 0 Repurchases 0 a Federal Agency Discount Notes 9,103,479 16.19 -1.04 Time. Deposits 5,284,195 9.40 -0.82 (FNM As 692 0 0 Commerical Taper T 2,896,422 22.94 +0J6 Ta l Lal C; 6,020 0.01 0 Corporate Bonds 2,371,863 4.23 -009 Pooled Loans 6,027,363 10.72 +5,35 GF ,oars 0 0 0 Reversed Repurchases 0 0 0 Total (All Types) 567,211,703 T 00J)0 Average Life of Portfolio as of Deeember 31, 2002 is 202 Days 5 Revised December 31, 2002 State of California Pooled Money Investment Account Market Valuation . . .. . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . United StatesTreasui ON$ $ 497,500,319-42 h $ 497,700,486.09 $ 497,730,000,00, Am NA Notes 6,902,063,171,61 $ 6,901,186,272.42 $ 7,012,796,000.00 $ 71,656,690.00 LFe d SBA $ 347,306,848.95t$ 347,258,024.02 $ 345,362,318.48$ 1,285,469,76 MBS- - $ 588,188,334.18 $ 588,1 88,334.1 8 $ 593,644,905,04 $ 2,020,309.94 Bonds M7,569.60 $ 3,560,825,902,93 $ 3,629,603,889,75 $ 41,733,949,97 FWters ---3,56-1. $ $ Discount Notes $ 9,103,478,914.50- $ 9,129,520,217,74 $ 9,135,684,764,10 NA FHLIMC PC $ 6,020,055.14 $ 6,020,055.14 $ 6,605,303,48 $ 96�7'172.85 GNMA 691,943,64 $ 691,943,64 $ 812,009.53 $ 6,869,31 -Banker's Aooeptancecif $ NA Bank Notes, $ 599,984,777.40 $ 599,984,777A0 $ 600,061,548.00 $ 982,08332 CDs Comnrciaf _r $ 8,026,557,644,15 $ 12, 396,421,642.41 $ 8,025,146,435,81 $ 12,922,030,368.56 $ 8,027,732,301.60 $ 12,927,165,793,35 $ 17,167,109.06 NA rporate� Floaters$395,814,897.85 Bands$ 1,976,04- 3,907.09 $ 395,814,897,85 1�,975,25�0, 145.14 $ 390,969,250,34 $ 2,008268,715A5 $ 819,479,03, $ 28, 730,196.91 fie �u $ $ $ NA Reverse Repurchase $ $ $ $ jTnimje � ,sits $ 5,284,195,OOQM $ 5,284,196,000.00 $ 5,284,195,000.00 NA AB 55 & GF Loans TOTAL $ 6,027,36.2,626,64 $ 56,211,702,652,58 $ 6,027,362,626,64 $ 56,261,`,75, 87.56 $ 6,027,362,626.64 $ 56,487,884,425-76 NA $ 165,498,930.15 Fair Value Including Accrued Interest $ 56,653,383,366.91 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost (1.004029581). As an example: if an agency has an account balance cf $20,000,000,00, then the agency would report its parftipation in fhe LAIF valued at $20,080,591.61 or $20,000,000.00 x 1.004029581. 12 Revised December 31, 2002