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HomeMy WebLinkAbout2011/09/20 Item 08C`v CITY COUNCIL AGENDA STATEMENT ~`~~ CITY OF CHULA VISTA SEPTEMBER 20, 2011, Item B' ITEM TITLE: INVESTMENT REPORT FOR THE QUARTER ENDED JUNE 30, 2011 SUBMITTED BY: DIRECTOR OF FIN E/TREASURE}~~ REVIEWED BY: CITY MANAGER ASSISTANT CITY ANAGER~~ 4/STHS VOTE: YES ~ NO ~X SUMMARY Transmitted herewith is the City's investment report for the quarter ended June 30, 2011. To meet the reporting requirements set forth in the California Government Code Sections 53600 et seq. and the City of Chula Vista Investment Policy, a separate report was distributed to the City Council as an informational item. ENVIRONMENTAL REVIEW The Environmental Review Coordinator has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a "Project" as defined under Section 15378 (b)(4) of the State CEQA Guidelines; therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines the activity is not subject to CEQA. Thus, no environmental review is necessary. RECOMMENDATION Council accept the report. BOARDS/COMMISSION RECOMMENDATION Not applicable. DISCUSSION The total cash and investment portfolio as of June 30, 2011 was $203,977,909. This is an increase of approximately $30,839,256 from March 31, 2011 to June 30, 2011. The increase in cash is mainly due to the receipt of property taxes from the County, and an overall reduction in expenses from one quarter to another. For the quarter ended June 30, 2011, the earned interest yield was 1.299%, a decrease from the 1.502% reported for the quarter ended Mazch 31, 2011, reflecting higher yielding investments being redeemed and then reinvested at lower interest rates. The weighted average maturity as of June 30, 2011 was 2.40 yeazs, a decrease from the 2.44 8-1 SEPTEMBER 20, 2011, Item g Page 2 of 2 years in the prior quarter. The weighted average maturity remains sufficiently liquid to enable the City to meet all operating requirements which might be reasonably anticipated. DECISION MAKER CONFLICT Staff has reviewed the decision contemplated by this action and has determined that it is not site specific and consequently the 500 foot rule found in California Code of Regulations section 18704.2(a)(1) is not applicable to this decision. CURRENT YEAR FISCAL IMPACT Considering the projected timing of cash receipts and disbursements and the structure of the Pooled Investment Portfolio, the City should be able to comfortably meet overall cash flow needs over the next six months. There is no direct fiscal impact by this action. ONGOING FISCAL IMPACT There is no ongoing fiscal impact by this action. ATTACHMENTS A. Investment Report for the Quarter Ended June 30, 2011 Prepared by: N Mandery, Senior Management Analyst, Finance Dept. 8-2 ~~~r~ .~. _._~_ CITY OF CHULA VISTA Finance Department Investment Report for the Quarter Ended June 30, 2011 September 20, 2011 Honorable Mayor and City Council, I am pleased to present this report of investment activity for the quarter ended June 30, 2011 in compliance with the reporting requirements as set forth in the California Government Code Sections 53600 et seq. and the City of Chula Vista Investment Policy. The information presented in this report highlights the investment activity for the quarter ended June.30, 2011 as well as provides a comparison to the quarters ended March 31, 2011, and June 30, 2010. Market Overview The Federal Open Market Committee (FOMC) continues to maintain the key Fed Funds rate at a target range of 0.00% to 0.25% in hopes of stimulating the economy. Two-year Treasuries yielding 0.825% at the beginning of the quarter dropped significantly to 0.46% at the end of the quarter. The overall consumer price index (CPI) rose 3.6% on ayear-over-year basis, and the core CPI (excluding food and energy) showed a 1.6% increase year-over-year indicating that inflation remains under control. Portfolio Composition The table below provides a summary of the City's total investment portfolio as of June 30, 2011. The Investment Portfolio ($194,483,931), Cash(Time Deposits ($9,493,978) and Bank Trustee/Fiduciary Funds ($96,249,692) continue to be invested in accordance with the Government Code, bond covenants and the Council Investment Policy as adopted on February 22, 2011. 8-3 Honorable Mayor and City Council Investment Report Quarter ended 06/30/2011 Page 2 of 4 Summary of Cash and Investments as of June 30, 2011 Investment Type Par Value Market Value Book Value Portfolio Investment Portfolio Federal Securities 139,000,000 139,133,749 139,000,000 46.30% Pooled Investments 51,483,931 51,555,542 51,483,931 17.15% Corporate Bonds 4,000,000 4,061,560 3,992,960 1.33% Subtotal 194,483,931 194,750,851 194,476,891 63.45% CashlTime Deposits $9,493,978 $9,493,978 $9,493,978 3.16% Total Cash & Investments Held by the City $203,977,909 $204,244,829 $203,970,869 67.94% Held by Bank TrusteelFiduciary Funds (1) U. S. Government 2,021,563 2,120,780 2,021,563 0.67% Investment Agreements' 14,897,830 14,897,830 14,897,830 4.96% Mutual Funds' 72,899,430 72,899,430 72,899,430 24.28% Cash with Fiscal Agents 76,587 76,587 76,587 0.03% Restricted Cash 6.354,283 6,354,283 6,354,283 2.12% Total Portfolio $300,227,601 $300,593,739 $300,220,561 100.00% (1) Reflects bond proceeds held by trustee in accordance with band covenants. The graph below provides a snapshot of the portfolio composition by investment type for that portion of the portfolio not held by the bank trustee or in a fiduciary fund. Portfolio Composition as of June 30, 2011 US Government Agency 71% LAIF (State Pool) 23% Corporate Coupon Bonds 2% ~~~~ LSD County Pool 1% 3% 8-4 Honorable Mayor and City Council Investment Report Quarter ended 06/30/2011 Page 3 of 4 Portfolio Performance Portfolio performance is provided in more detail in the attachments to the report. The summary information provided below includes the total portfolio income recognized for the last quarter as compared to the prior quarter and the same quarter one year ago. Total Portfolio Income Recognized Accrual Basis Total Portfolio June 30, 2011 March 31, 2011 June 30, 2010 Quarter-End I Net Interest Earnings $ 656,464 $ 654,736 $ 684,640 Net Gains (Losses) from Sales $ 1,875 $ - $ - NetTotallncome Recognized $ 658,339 $ 654,736 $ 684,640 Fiscal Year-to-Date Net Interest Earnings $ 2,587,228 $ 1,930,764 $ 2,990,619 Net Gains (Losses) from Sales $ 6,575 $ 4,700 $ - NetTotallncome Recognized $ 2,593,803 $ 1,935,464 $ 2,990,619 This info comes /rom the monthly Sympro "Interest Earnings Summary" reports. This table shows the City's average yield to maturity as of June 30, 2011 as compared to the County of San Diego and other cities in the county. Carlsbad and Oceanside both have dedicated staff that actively manage their portfolios by buying and selling investments daily as opposed to our more passive "hold-to-maturity' investment style. Liquidity needs and risk tolerance can also affect yields. Benchmark Comparison enc Yield Chula Vista 1.30% County of San Diego 0.52% Carlsbad 1.88% EI Cajon 1.01% Oceanside 1.41 San Die o 1.21 The following graph compares the monthly earned interest yield of the City's Portfolio Fund with the monthly average yields for the same period of the State of California Local Agency Investment Fund (LAIF) arid the two-year and three-year treasury from June 2009 through June 2011. 2.5 z.o / t.5 / 1.0/ 0.5 / 0.0% Monthly Benchmark Comparison ~ iY~r O: a. ~' p Cy } ~f {y , - ~ ~r~~v ya y w s r e s. , .. r ,r ~ ~ ~ -1 t £ ~ 4 6 \\ ~ - ~ ~__ _ ., .y„ _. e - ~ ~ e~ __ .~ ~..n ~ ~- l ~ . -.i _ ~ ~~ t o ~ ~ .d ' F,~ d - 'l ,. h °;f. Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-1° Mar-11 Jun-11 Clry ~L41F -F-2v~T.easury -~3y~Troeeary Honorable Mayor and City Council Investment Report Quarter ended 06/30/2011 Page 4 of 4 Per Section 16.1 of the City's Investment Policy, the two- year U.S. Treasury and the Local Agency Investment Fund yields are the performance benchmarks to be used when determining whether market yields are being achieved. The three-year U.S. Treasury is added as an additional point of reference in order to provide an upper range that is above the weighted average maturity of the City's portfolio, which is at 877 days. Investment Activity B ne chmatrk`°'~'t~'„°~Yield '~ ADM ;,' City 1.30% 877 IAIF 0.45% 237 2 Year Treasury 0.46% 730 3YearTreasu 0.81% 1,095 ADM =Average Days to Maturity During the quarter, seventeen investments totaling $54,000,000 were redeemed prior to their maturity dates. These monies represent pooled cash received from various funding sources such as sewer, RDA, TDIF, PAD, General Fund, etc. These funds were reinvested through the purchase of twenty-four Federal Agency Securities totaling $72,000,000 using the City's Investment Policy guideline to ensure safety, liquidity and yield. There is no further activity to report on other than routine investments in money market mutual funds by the City's fiscal agents. Conclusion The total cash and investment portfolio held by the City as of June 30, 2011 was $203,977,909. This is an increase of approximately $30,839,256 from March 31, 2011 to June 30, 2011. For the quarter ended June 30, 2011, the earned interest yield was 1.299%, a decrease from the 1.502% reported for the quarter ended March 31, 2011, reflecting higher yielding investments being redeemed and then reinvested at lower interest rates. The weighted average maturity as of June 30, 2011 decreased from the previous quarter's 2.44 years to 2.40 years which is within the Council Policy of less than 3.0 years. The weighted average maturity remains sufficiently liquid to enable the City to meet all operating requirements that might be reasonably anticipated. Considering the projected timing of cash receipts and disbursements and the structure of the Pooled Investment Portfolio, the City should be able to comfortably meet overall cash flow needs over the next six months. There is no direct fiscal impact by this action. I certify that this report reflects the City of Chula Vista and related agencies pooled investments and is in conformity with the State of California Government Code on authorized investments and with the Investment Policy of the City of Chula Vista as stated in Resolution No. 2011-020 dated February 22, 2011. Respectfully submitted, Maria Kachadoorian Director of Finance/Treasurer 8-6 Summary of Cash and Investments as of June 30, 2011 Of Investment Type Par Value Market Value Book Value Portfolio Investment Portfolio Federal Securities 139,000,000 139,133,749 139,000,000 46.30% Pooled Investments 51,483,931 51,555,542 51,483,931 17.15% Corporate Bonds 4,000,000 4,061,560 3,992,960 1.33% Subtotal 194,483;931 194,750,851 194,476,891 63.45% Cash/Time Deposits $9,493,978 $9,493,978 $9,493,978 3.16% Total Cash & Investments Held by the Citv $203.977,909 $204,244,829 $203,970,869 67.94% Held by Bank Trustee/Fiduciary Funds (1) U. S. Government 2,021,563 2,120,780 2,021,563 0.67% Investment Agreements 14,897,830 14,897,830 14,897,830 4.96% Mutual Funds* 72,899,430 72,899,430 72,899,430 24.28% ~ ~ Cash with Fiscal Agents 76,587 76,587 76,587 0.03% J Restricted Cash 6,354,283 6,354,283 6,354,283 2.12% Total Held by Bank Trustee/Fiduciary Funds $96,249,692 $96,348,910 $96,249,692 32.06% Total Portfolio $300,227,601 $300,593,739 $300,220,561 100.00% (1) Reflects bond proceeds held by trustee in accordance with bond covenants. Par value is the principal amount of the investment on maturity. All market values contained herein are received from sources we believe are reliable, however we do not guarantee their accuracy. Book value is the par value of the security plus or minus any premium or discount and accrued interest that was included in the purchase price. ~«~i ~-tip -tee a.~- CITY OF CHULA VISTA Chula Vista Investment Pool Portfolio Management Portfolio Summary June 30, 2011 City of Chula Vista 276 Fourth Ave Chula Vista CA 91910 (619)691-5250 Investments Par ~ Value Market Value Book Value % of Portfolio Term Days to Maturity YTM Managed Pool Account 1 45,424,945.fi2 45,496,556.68 45,424,945.62 23.36 1 1 0.448 Managed Pool Account 3 5,045,374.91 5,045,374.91 5,045,374.91 2.59 1 1 0.770 Managed Pool Account 2 1,013,610.19 1,013,610.19 1,013,610.19 0.52 1 1 0.510 Federal Agency Coupon Securities 2,000,000.00 2,034,880.00 2,000,000.00 1.03 1,096 466 1.750 Federal Agency Callables 137,000,000.00 137,098,868.75 137,000,000.00 70.45 1,377 1,231 7.561 Corporate Coupon Bonds 4,000,000.00 4,061,560.00 3,992,960.00 2.05 1,171 252 2.fi60 194,483,930.72 194,750,850.53 194,476,890.72 100.00% 1,006 877 1.299 Inveshnents Total Earnings _ June 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 219,831.11 2,599,8D7.93 2,599,807.93 Average Daily Balance 198,443,557.39 170,420,777.12 L~2ctive Rate of Return ~i 1.35% 1.53% Phillip A. Davis; Assistant Dir ctor of Finance Reporting period 06/01/2011-06/30/2011 Run tale: WI28I2011 - 11:53 Portfolio CHUL CC PM (PRF PMt) SymRepl fi.41.202b Report Ver. 5.00 Chula Vista Investment Pool Portfolio Management Portfolio Details -Investments June 30, 2011 Page 2 Average Purchase Stated Days to YTM Maturity GUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity Dale Managed Pool Account 1 .. SYS10197 10197 Local Agency Investment Fund 45,424,945.62 45,496,55fi.68 45,424,945.62 0.448 1 1 0.448 Subtotal and Average 53,291,612.29 45,424,945.62 45,496,556.68 45,424,945.62 1 1 0.448 Managed Pool Account3 SY510547 10547 ~ San Diego County Inv Pool 5,045,374.91 5,045,374.91 5,045,374.91 0.770 1 7 0.770 Subtotal and Average 5,045,374.91 5,045,374.91 5,045,374.91 5,045,374.91 t 7 0.770 Managed Pool Account 2 ~ , SYS10507 10507 CalTrust SHort Term Fund 1,013,610.19 1,013,610.19 1,013,610.19 0.510 1 1 0.510 Subtotal and Average 1,073,610.19 1,013,610.19 1,013,610.79 1,013,610.19 t 1 0.510 Federal Agency Coupon Securities 3133XV6U0 10542 Federal Home Loan Bank 10/09/2009 2,000,000.00 2,034,880.00 2,000,000.00 1.750 1,096 466 1.750 70/09/2072 m Subtotal and Average 2,000,000.00 2,000,000.00 2,034,880.00 2,000,000.00 1,096 468 1.750 F~leral Agency Callables 31331JGZ0 10556 ~ Federal Farm Credit Bank 03/1512010 3,000,000.00 3,010,080.00 3,000,000.00 1.750 1,096 623 1.750 03/15/2013 313461487 10814 Federel Home Loan Mortgage Co. 02/23/2011 3,000,000.00 3,004,218.75 3,000,000.00 7.350 912 704 1.350 08/23/2013 313373A77 10615 Federal Home Loan Bank 04/15/2011 3,000,000.00 3,001,110.00 3,000,000.00 1.250 914 837 1.250 10/15/2013 3134G1UT9 10599 Federal Home Loan Modgage Co. 09130/2010 3,000,000.00 3,006,660.00 3,000,000.00 1.250 1,187 913 1.250 12/30/2013 3134G2EL2 10617 Fede21 Home Loan Mortgage Co. 04/28/2011 3,000,000.00 3,011,250.00 3,000,000.00 1.500 1,006 942 1.500 01/2812014 3134GiPL2 10592 Federal Home Loan Mortgage Co. 08/26/2010 4,000,000.00 4,007,200.00 4,000,000.00 1.550 1,280 971 1.550 02/26/2014 3136FPLG0 10597 Federal NaYI Mtg. Assoc. 09/28/2010 4,000,000.00 4,009,400.00 4,000,000.00 1.300 1,277 1,001 1.300 03/28/2014 3133XXVR5 10564 Federal Home Loan Bank 04/16/2070 3,000,000.00 3,040,860.00 3,000,000.00 2.490 1,461 1,020 2.490 04/16/2014 313373EN8 10618 Federal Home Loan Bank - 04/29/2011 3,000,000.00 3,029,730.00 3,000,000.00 1.450 1,097 1,034 1.450 04/30/2014 313371KR6 10603 Federel Home Loan Bank 11/15/2010 3,000,000.00 3,000,240.00 3,000,000.00 1.125 1,277 1,049 1.125 .05/15/2014 31331 KLB4 10619 Federal Farm Credit Bank 05/16/2011 3,000,000.00 2,997,030.00 3,000,000.00 1.200 1,096 1,050 1.200 05/16/2014 31337JA29 10593- Federal Farm Credit Bank 09/03!2010 3,000,000.00 3,000,510.00 3,000,000.00 1.300 1,369 1,068 1300 06/03/2014 31331 KLP3 10626 Federel Farm Credit Bank 06/06/2011 3,000,000.00 3,007,680.00 3,000,000.00 1.180 1,096 1,071 1.180 06/0812014 31331KMU1 10629 Federal Farm Credit Bank 06/13/2011 3,000,000.00 2,990,490.00 3,000,000.00 1.050 1,096 1,078 1.050 06/1312014 31531KQL% 10638 Federal Farm Credit Bank Ofi/27l20t1 3,OOQ000.00 2,987,860.00 3,000,000.00 1.050 1,096 1,092 1.050 06/27/2014 313GFRTW3 10640 Federal Nat'I Mtg. Assoc. 06/30/2011 3,000,000.00 2,997,030.00 3,000,000.00 1.100 1,096 1,095 1.100 06/30/2014 313461 YG5 10611 Federal Home Loan Modgage Co. 01/25/2011 3,000,000.00 3,030,180.00 3,000,000.00 1.500 1,277 1,120 1.500 07/25/2014 313461X01 10602 Federal Home Loan Modgage Ca. 10/28/2010 3,000,000.00 2,990,220.00 3,000,000.00 1.150 1,369 1,123 1.150 07/28/2014 313373QQ8 10620 Federal Home Loan Bank 05/25/2011 3,000,000.00 3,012,030.00 3,000,000.00 1.500 1,188 1,151 1.500 08/25/2014 Run Dale: 0712812011 - 11:53 Portfolio CHUL CC PM (PRF_PM2) Symftept 6.41.2026 Report Ver. 5.00 Chula Vista Investment Pool Portfolio Management Portfolio Details -Investments June 30, 2011 Page 3 Average Purchase Stated Days to YTM Maturity CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity Date Federal Agency Ca lla6les 3733747K0 10632 Fedeml Home Loan Bank 08/30/2011 3,000,000.00 2,990,070.00 3,000,000.00 1.350 1,188 1,187 1.350 09/30/2074 3134G2CK6 10616 Federal Home Loan Modgage Co. 04/74/2011 3,000,000.00 3,012,060.00 3,000,000.00 1.800 1,279 1,201 1.800 10!14/2014 3134G2HC9 10621 Federal Home Loan Modgage Co. 05/25/2011 3,000,000.00 3,006,900.00 3,000,000.00 1.500 1,280 1,243 1.500 11/25/2014 3134G2HC9 70622 Federal Home Loan Mortgage Co. 05/25/2011 3,000,000.00 3,006,900.00 3,000,000.00 1.500 ' 7,280 1,243 1.500 11/25/2014 3134G2GK2 70624 Federal Home Loan Modgage Co. 05/28/2071 3,000,000.00 ~ 3,005,860.00 3,000,000.00 7.750 1,280 1,244 1.750 11/26/2014 3134G2HJ4 70625 Federal Home Loan Mortgage Ca. 05/26/2011 3,000.000.00 3,005,700.00 3,000,000.00 i.G25 1,260 1,244 1.625 77/26/2014 313fiFRUZ4 70635 Federai Nat'I Mtg. Assoc. ~ 06/29/2011 3,000,000.00 2,965,720.00 3,000,000.00 1.250 7,279 1.277 1.250 72/29/2014 313374833 tOG34 Federai Home Loan Bank 06/30/2017 3,000,000.00 2,9116,170.00 3,000,000.00 1.400 1,279 1,278 1.400 12/30/2014 3734G2NF5 - 70636 Federal Home Loan Mortgage Co. 06/30/2011 3,000,000.00 2,985,390.00 3,000,000.00 1.250 1,279 1.278 1.250 12/30!2014 3736FRXN8 10639 Federal Nal'I Mtg. Assoc. 06/30/2011 3,000,000.00 2,989,380.00 3,000,000.00 1.250 1,279 1,278 1.250 12/30/2014 313370Y77 70596 Federal Home Loan Bank 09/27/2010 4,000,000.00 4,000,680.00 4,000,000.00 1.700 1,642 1,365 1.700 03/27/2015 3736FM6W9 10587 Federal Nal'I Mfg. Assoc. 07/29/2010 '3,000,000.00 3,004,080.00 3,000,000.00 2.000 1-,734 1,397 2.000 04/28/2015 313373VH2 10628 Federal Home Loan Bank 0 6 /1 0120 1 1' ~ 3,000,000.00 2,999,730.00 3,000,000.00 1.700 7,461 7,440 1.700 06/70/2075 3134G2LL4 70633 Federal Home Loan Mortgage Co. 06/22/2011 3,000,000.00 2,970,570.00 3,000,000.00 1.550 1,461 1,452 1.550 06/22/2015 ~ 6FR000 10630. Federal Nat'I Mlg. Assoc. 06/23/2011 3,000,000.00 3,000,000.00 3,000,000.00 1.600 1,461 1,453 1.600 06/23/2015 6FR000 10637 Federal Nat'I Mtg. Assoc. 08/23/2011 3,000,000.00' 3,000,000.00 3,000,000.00 1.600 1,461 1,453 7.600 06/23/2015 ~6FM5L4 ~ 10589 Federal Nat'I Mlg. Assoc. 06/05/2010 4,000,000.00 4,007,600.00 4,000,000.00 2.000 1,826 1,498 2.000 06/05/2015 3736FM5G5 10590 Fedeml Nat'I Mtg. Assoc. 08/12/2070 2,000,000.00 2,005,720.00 2,000,000.00 2.725 7,826 _ 1,503 2.125 08/12/2015 3134G2HW5 10627 Federal Home Loan Modgage Co. 06/08/2011 3,000,000.00 2,098,620.00 3,000,000.00 2.000 1,553 1,530 2.000 09/08/2015 37331JF32 10594 Federal Farm Credil Bank 09/14/2070 4,000,000.00 3,999,560.00 4,000,000.00 1.875 1,828 1,536 1.875 09/14/2015 31331JH55 10595 Federal Fann Credil Bank 09/2112010 3,000,000.00 3,005,490.00' 3,000,000.00 1.875 1,826 1,543 1.875 09/27/2015 3734G1TR5 10598 Fedeml Home Loan Mortgage Co. 09/30/2010 4,000,000.00 4,003,000.00 4,000,000.00 2.000 1,828 1,552 2.000 09/30/2015 37331 JT45 10601 Fedeml Fann Credit Bank 10/19/2010 3,000,000.00 2,977,140.00 3,000,000.00 1.500 1,826 1,571 7.500 ~ 10/19/2015 3739aA5T5 10604 Fedeml Nat'I Mtg. Assoc. ~ 71/17/2010 3,000,000.00 2,984,430.00 3,000,000.00 1.750 1,826 1,600 7.750 17/17/2075 3136FPSR4 10613 Fedeml Nal'I Mfg. Assoc. 02/17/2011 3,000,000.00 3,1740,880.00 3,000,000.00 2.500 1,826 1,692 2.500 02/17/2016 Subtotal and Average 132,9110,000.00 737,000,000.00 137,008,868.75 737,000,000.00 1,377 1,231 1.561 Corporate Coupon Bonds EH6482796 70499 General Electric Cap 12/09/2008 2,000,000.00 ~ 2,024,480.00 1,994,260.00 3.000 1,095 161 3.707 72/09/2011 36967HAH0 10508 Geneml Electric Cap 01/08/2009 2,000,000.00 2,037,080.00 1,998,700.00 2.200 1,247 343 2.220 06/08/2012 Subtotal antl Average 1,998,700,00 4,000,000.00 4,061,560.00 3,902,960.00 ~ 7,777 252 2.660 Run Date: 0]/28/2011 - 11:53 Portfolio CHUL CC PM (PRF_PM2) SymRept 6.41.202b Chula Vista Investment Pool Portfolio Management Portfolio Details -Investments June 30, 2011 Page 4 Average Purchase Staled Days to YTM CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity Total and Average 198,249,297.39 194,463,936.72 184,759,850.53 184,476,890.72 1,006 877 1.299 r Run Dale: 0]282011 - 11:53 Portfolio CHUL CC PM (PRF_PM2) SymRep16.41.202a Chula Vista Investment Pool Portfolio Management Activity By Type June 1, 2011 through June 30, 2011 Page 5 Stated Transaction CUSIP Investment# Issuer Rate Date Purchases or Deposits Redemptions or, Withdrawals Balance Managed Pool Account 1 (Monthly Summary) SYS10197 70197 Local Agency Investment Fund 0.446 0.00 9,000,000.00 Subtotal 0.00 9,0170,000.00 45,424,945.62 Managed Pool Account 3 (Monthly Summary) Subtotal 5,045,374.97 Managed Pool Account 2 (Monthly Summary) Subtotal 1,013,610.19 Federal Agency Coupon Securities Subtotal 2,000,000.00 Federal Agency Callables ~31GXN4 10537 Federal Fann Credit Bank 2.700 06/03/2011 ~ 0.00 3,000,000.00 31331 J4X8 10605 Federal Farm Cretlit Bank 1.700 06/22/2011 0.00 3,000,000.00 3'1 331 KAP5 10612 Federal Farm Credit Bank 1.375 06/06/2011 0.00 4,000,000.00 1 V ~ 37337KLP3 10626 Federal Farm Credit Bank 7.18D 06/06/2011 3,OD0,000.00 0.00 31331KMU1 10629 Federal Farm Credit Bank 1.OSD 06/13/2017 3,000,000.00 0.00 31331 KCL7 10636 Federal Farm Credll Bank 1.050 06/27/2011 3,000,000.00 0.00 3133XYL45 10573 Federal Home Loan Bank 1.700 O6/D3/2011 0.00 3,000,000.00 3133723Lfi 10606 Federal Home Loan Bank 2.200 06/21/2017 0.00 3,000,000.00 313373VH2 10628 Federal Home Loan Bank 1.700 O6I10/2011 3,000,000.00 0.00 3133747K0 10632 Federal Home Loan Bank 1.350 06/30/2011 3,000,000.00 0.00 313374B33 10634 Fedeml Home Loan Bank 1.400 06/30/2071 3,000,000.00 0.00 373461 GT5 10582 Federal Home Loan Modgage Co. 1.750 O6/24I2011 0.00 3,000,000.00 3134G1HW7 10583 Federal Home Loan Mortgage Co. 1.625 06/28/2077 0.00 3,000,000.00 313461 HX5 10584 Federal Home Loan Mortgage Co. 2.100 06/30/2011 0.00 4,000,000.00 313461 GX6 10585 Federal Home Loan Modgage Co. 2.050 Ofi/30/2011 0.00 4,000,000.00 3134G2HW5 10627 Federal Homo Loan Mortgage Co. 2.000 Ofi/08/2011 3,000,000.00 0.00 3134G2LL4 10633 Federal Home Loan Modgage Co. 7.550 Ofi/22/2011 ~ 3,000,000.00 0.00 3134G2NF5 iDS3s Federal Home Loan Modgage Co. 7.250 06/30/2011 3,000,000.00 0.00 31398A7C0 10607 Federal Nat'I Mtg. ASSOC. 7.450 06/23/2011 0.00 3,000,000.00 3136FPT72 10fi08 Federal Nat'I Mtg. Assoc. 1.875 06/29/2077 0.00 3,000,000.00 3136FPU88 10609 Federal Nat'I Mtg.ASSOC. 2.500 06/30/2017 0.00 3,000,000.00 3136FR000 10630 Federal Nat'I Mtg. Assoc. 1.600 06/23/2017 3,000,000.00 0.00 3736FR000 10831 Fedeml Nal'I Mlg. Assoc. i.fi00 06/23/2011 3,000,000.00 0.00 Run Date: 07/26/2011 - 11:53 Portfolio CHUL CC PM (PRF_PM3) SymRep16.41.202b Repad Ver-5.00 Chula Vista Investment Pool Portfolio Management Activity By Type June 1, 2011 through June 30, 2011 Stated Transaction Purchases Retlemptions CUSIP Investment if Issuer Rate Date or Deposits or Withdrawals Balance Page 6 Federal Agency Callables 3136FRUZ4 10635 Federal Nat'I Mtg. Assoc. 3136FRXN8 10639 Federal Nat'I Mtg. Assoc. 3136FRTW3 10640 Federal Nat'I Mtg. Assoc. Subtotal 1.250 O6/20I2011 3,000,000.00 0.00 1.250 06/30/2011 3,000,000.00 0.00 1.100 06/30/2011 3,000,000.00 0.00 42,000,000.00 39,000,0OO.OD Corporate Coupon Bonds Subtotal 137,000,000.00 3,992,960.00 Total ~ 42,000,000.00 48,000,000.00 184,476,880.72 CA PortfoliD CHUL CC Run Date: 07282011 -11:53 PM (PRF_PM3) SymRept 6.41.202b Chula Vista Investment Pool Portfolio Management Pagel Activity Summary June 2010 through June 2011 Yleld to Maturity Managed Number Number Month Number of Total 360 3fi5 Pool of Investments of Investments Average Average End Year Securities Invested Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity June 2010 46 ~ 184,719,999.39 1.609 1.631 0.528 14 4 897 793 July 2010 41 174,800,901.83 1.533 1.554 0.531 2 7 849 748 August 2010 42 163,822,695.63 1.606 1.628 0.513 5 4 974 860 September ~ 2010 40 158,823,803.96 1.541 1.562 0.500 7 9 1,022 904 October 2010 40 152,886,453.20 1.542 1.563 0.480 2 2 1,077 945 November 2010 42 149,386,453.20 1.602 1.624 0.454 2 0 1,165 1,006 December 2010 46 157,386,453.20 1.653 1.676 0.462 5 1 1,226 1,055 January 2011 47 181,427,163.31 1.505 1.526 0.538 2 1 1,079 914 February 2011 45 174,427,163.31 1.481 1.502 0.512 2 4 1,070 900 March 2011 43 166,427,163.31 1.482 1.502 0.500 0 2 1,081 891 April 2011 45 182,475,880.14 1.441 1.461 0.568 4 2 1,016 838 May 2011 ~ 48 200,476,409.47 1.335 1.354 0.413 6 3 974 812 ~i ie 2011 50 194,476,890.72 1.281 1.299 0.448 14 12 1,006 877 Average 44 172,425,956.21 1.508% 1.529% 0.497 5 4 1,033 888 Run Date: W 282011 - 11:53 Portfolio CHUL CC PM (PRP_PM4) SymRep16.41202b Report Ver. 5.00 Chula Vista Investment Pool Portfolio Management Page s Distribution of Investments By Type June 2010 through June 2011 June July Aurjust September October November December Ja nuary February March April May June Averago Security Type 2010 2010 2010 2010 2010 2010 2010 2011 2011 2011 2011 2011 2011 by Period Managed Pool Account 1 22.6 ~ 27.9 21.2 22.5 19.5 13.6 11.0 20.6 21.4 21.3 24.9 27.2 23.4 21.3% Short Term Pool Accounts _Managed Pool Account 3 ~ 2.7 2.9 3.1 3.2 3.3 3.4 3.2 2.8 2.9 3.0 2.8 2.5 2.6 2.9% Managed Pool Account 2 0.6 0.6 0.6 0.6 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.6°/ Federal Agency Coupon Secu_r_itie_s_ 2.7 2.9 3.1 3.2 3.3 3.4 3.2 2.8 _ _ 2.9 _ 3.0 2.7 _ 1.0 1.0 2.7% Federal Agency Callables _ 69.3 63.5 69.6 ~ 68.0 70.6 76.3 79.4 71.1 69.9 69.7 66.9 66.8 70.5 70.1% Corporate Coupon Bonds 2.2 23 2.4 2.5 2.6 2.7 2.5 2.2 2.3 2.4 2.2 2.0 2.1 2.3% t7o Run Dale: 07202011 -11:53 PorBolio CHUL CC PM (PRF_PMS) SymRept fi.41.202b Report Ver. 5.00 Chula Vista Investment Pool Portfolio Management Interest Earnings Summary Jtane 30, 2011 June 30 Month Ending Fiscal Year To Date Page 2 CDICoupon/Discount Investments: Interest Collected 437,700.00 2,472,158.32 Plus Accrued Interest at End of Period 402,116.71 402,116.71 Less Accrued Interest at Beginning of Period ( 641,712.93) ( 509,580.58) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 198,103.78 2,364,694.45 Adjusted by Capital Gains or Losses 0.00 6,575.00 Earnings during Periods 198,103.78 2,371,269.45 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 po ~ Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) I Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) rn Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 0.00 ~ , 255,958.00 , Plus Accrued Interest at End of Period ~ 74,050.43 ~ 74,050.43 Less Accrued Interest at Beginning of Period ( 50,538.63) ( 107,474.45) Interest Earned during Period 23,511.80 222,533.98 Total Interest Earned during Period 221,615.58 2,587,228.43 Total Capital Gains or Losses 0.00 6,575.00 Total Earnings during Period 221,615.58 2,593,803.43 Run hate: 0825/2011 -11:23 Portfolio CHUL CC PM (PRF_PM6) SymRept 6.41.202b Report Ver. 5.00 ~~~// ~.~ City of Chula Vista , CIIUIB VIStB InV@StfTlent POOI 276 Fourth Ave ~` Received Interest cnt,lavi3tacnslslo CIlYOF lsls~ssl-52so Sorted by Date Received -Grouped by Fund CI-IULAVISTA Receive d June 1, 2011 -June 30, 2 011 Security Par Current Interest Dale Receivetl CUSIP Investment# Type Value Rate Dale Due Dala Received Amounl Due Amount Received Variance Fund: Chula Vista Investment Pool June 2011 31331GXN4 10537 MCi 0.00 2.700 06/03/2011 OG/03/2011 40,500. 00 40,500.00 - 31331JA29 10593 MC1 3,000,000.00 1.300 06/03/2011 Ofi/03/2011 19,500. 00 19,500.00 - 3133XYL45 10573 MC7 0.00 1.700 06/0312011 06/03/2011 25,500. 00 25,500.00 - 31331KAP5. 10612 MC1 0.00 1.375 06/06/2011 06/06/2011 19,708. 33 19,708.33 - 38967HAH0 10508 MC2 2,000,000.00 2.200 06/08/2011 08/08/2011 22,000. 00 22,000.00 - EH6482796 10499 MC2 2,000,000.00 3.000 06/09/2011 06/09/2011 30,000. 00 _ 30,000.00 - 31331J4X8 10805 MCt 0.00 7.700 06/15/2011 06/15/2011 25,500. 00 25,500.00 - 3133723L6 10608 MC7 0.00 2.200 06/21/2011 06/21/2011 33,000. 00 33,000.00 31331J4X8 10605 MC1 0.00 1.700 06/22/2017 06/22/2011 991. 67 991.67 - 3139BA7C0 10607 MC1 0.00 1.450 06/23/2011 OG/23/20t1 21,750. 00 21,750.00 - 3134G1GT5 10582 ~ MC1 0.00 1.750 06/24/2017 OG/24/2011 26,250. 00 26,250.00 - 3134GiHW7 10583 ~ MCt 0.00 1.625 06/28/2071 06/28/2011 24,375. 00 24,375.00 - OD 3136FPT72 10808 _ MC7 0.00 1.875 06/29/2071 08/29/2071 28,125. 00 28,125.00 ~ J 3134G1 HXS 10584 MC7 4,000,000.00 2.700 06/30/2017 06130/2071 42,000. 00 42,000.00 - J 3134G1GX6 10585 MC7 4,000,000.00 2.050 06/30!2011 06/30/2077 41,000. 00 41,000.00 - 3136FPU88 10609 MC1 3,000,000.00 2.500 06/30/2011 06130/2011 37,500. 00 37,500.00 - Subtotal 437,700. 00 437,700.00 Chula Vista Investment Pool Subtotal 437,700. 00 437,700.00 Total 437,700. 00 437,700.00 ' Total Cash Overpayment 0. 00 ' Total Cash Shortfall 0, 00 Run Oate: 07/26Q011 - 11:56 Portfolio CHUL CC RI (PRF_RO SymRep16.41.202C Report Ver. 5.00 ~`~ // ~- -~. ~ City of Chula Vista .~.~..~~.. - Chula Vista Investment Pool 276 Fourth Ave Realized Gains and Losses cnulavi6tacASlslo CIN OF (s1s>ss1-s2so CHUTA VISTA Sorted By MaturitylSalelCall Date Sales/CaIIslMaturities: June 1, 2011 -June 30, 2011 Investment tt I Par Value Sale Dale Days Held nv. Purchase Maturity/Sale Realized To[al Total Total Issuer Type Date Current Rate Maturity Date Term Book Value Proceeds Galn/Loss Earnings Net Earnings Yleld 365 10537 MC1 06/03/2009 3,000,000.00 06/03/2011 730 3,000,000.00 3,000,000.00 0.00 182,000.00 162,000.00 2.700 Federal Farm Cretlit Bank 2.700 06!03/2073 1,461 10573 MC7 06/03/2010 3,000,000.00 06/03/2011 365 3,000,000.00 3,000,000.00 0.00 51,000.00 51,000.00 1.700 Federal Home Loan Bank 1.700 O6/03/2b13 1,096 - 10612 MC7 01/27/2011 4,000,000.00 06/06/2011 130 4,000,000.00 4,000,000.00 0.00 19,708.33 19,708.33 1.383 Federal Farm Credit Bank 7.375 01/27/2014 1,096 10606 MC7 12/21/2010 3,000,000.00 OG/21/2011 182 3,000,000.00 3,000,000.00 0.00 33,000.00 33,000.00 2.206 Federal Home Loan Bank 2.200 12/21/2015 ~ 1,826 10605 MC1 12/15/2010 3,000,000.00 Ofi/22/2011 189 3,000,000.00 3,000,000.00 0.00 26,491.87 2fi,491.67 1.705 Federal Farm Credit Bank 1.700 12/15/2014 1,461 10607. MC1 ' 12/23/2010 3,000,000.00 06/23/2011 182 3,000,000.00 3,000,000.00 0.00 21,750.00 21,750.00 1.454 Federal Nal I Mlg. Assoc. 1.450 1223/2013 1,096 10582 MC7 06/24/2010 3,000,000.00 06/24/2011 365 3,000,000.00 3,000,000.00 0.00 52,500.00 52,500.00 1.750 Federal Home Loan Mortgage Co. 1.760 12/24/2073 1,279 ~83 MC1 06/28/2010 3,000,000.00 06/28/2011 365 3,000,000.00 3,000,000.00 0.00 48,750.00 48,750.00 1.825 F~leral Home Loan Mortgage Co . 1.625 06/28/2013 1,096 (Dffi08 MC1 12/29/2010 3,000,000.00 06/29/2011 182 3,000,000.00 3,000,000.00 0.00 28,125.00 28,125.00 1.880 Federal Nat'I Mtg. ASSOC. 1.678 12/29/2014 1,481 10564 MC1 06/30/2010 4,000,000.00 06/30/2011 385 ~ 4,000,000.00 4,000,000.00 0.00 84,000.00 84,000.00 2.100 Federal Home Loan Mortgage Co. 2.100 06/30/2014 1,461 10585 MC7 06/30/2010 4,000,000.00 06/30/2011 365 4,000,000.00 4,000,000.00 0.00 82,000.00 82,000.00 2.050 Federal Home Loan Mortgage Co. 2.050 06/30/2014 1,461 10609 MC1 12/30/2010 3,000,000.00 06/30/2011 182 3,000,000.00 3,000,000.00 0.00 37,500.00 37,500.00 2.507 Federal Nal'I Mtg. Assoc. 2.500 12/30/2015 1,826 Total Realized Gains/Losses 39,000,000.00 39,000,000.00 Run Date: 07/28/2011 - 12:09 0.00 646,825.00 fi46,825.00 1.816 Portfolio CHUL CC CG (PRF_CGR1) SymRep16.41.202b Repon Ver. 5.00 Schedule of Cash/Investments with Flscal Agent as of June 30, 2011 Fiscal Maturity Purchase Contractual Book Bond Issue Security Description Trust Acct # Agent Type Date Date Par Value Mkt Value Value Yield CV Public Financing Authority Milestone Treasury Oblig FD Prem Shr 34430300/1/2/3/4/5/8/9/10/11/1: USBank MF Mutual Funds 5,981,409 5,987,409 5,981,409 Var 2001-1/2001-2 RAD Trinity Plus Funding Co Invst Agrmt 94430303 USBank IA Invtmnt Agrmt 02-Sep-2017 04-Sep-01 1,201,778 1,201,778 1,201,778 S.6D0 Trinity Plus Funding Co Invst Agrtnt 94430312 US Bank IA Invtmnt Agrtnt 02-Sep-2017 04-Sep-01 426,500 426,500 426,500 5.600 2002 COP Police Facilities US Treasury 94445202 US Bank USC US Trsy Notes 2,021,563 2,120,780 2,021,563 5.835 Milestone Treasury Oblig FD Prem Shr 94445200/2/4 USBank MF Mutual Funds 5 5 5 Var CFD OB-I Improvemen[Area A Milestone Treasury Oblig FD Prem Shr 9 44 770 0 0/3/4/5/6/9/1 0 US Bank MF Mutual Funds 6,624,028 6,G24,028 6,624,028 Var Local Agency Investment Fund 94477005/6/9 US Bank MF Mutual Funds 4,839,492 4,839,492 4,839,492 Var FHLB 1-550 08/10/2012 94477003 US Bank USC US Trsy Notes 10-Aug-2012 31-Mar-2010 1.550 2003 Refunding Cert of Participation FSA Capital Mgml Invst Agreement 94652201 US Bank IA Invmnt Agrml 01-Sep-2012 11-Jun-03 1,132,000 1,132,000 1,132,000 3.100 Milestone Treasury Oblig FD Prem Shr 94652200/7 US Bank MF Mutual Funds 17,254 17,254 17,254 Var CFD 2001-2 McMillin-Otay Ranch 6 Milestone Treasury Oblig FD Prem Shr 94658900/03/04/05/06/09/10 USBank MF Mutual Funds 1,784,913 1,784,913 7,784,913 Var FHLB 1.550 08/10/2012 94658903 US Bank USC US Trsy Notes 10-Aug-2012 31-Mar-2010 1.550 CFD OB-I Otay Ranch Village 6 Milestone Treasury Obliq FD Prem Shr 3682100/03/04/05/06!07/10!11/ 'USBank MF Mutual Funds 3,409,151 3,409,151 3,406,157 Var LAIF 94682105/12 US Bank MF Mutual Funds 1,592,916 1,592,916 1,592,916 FNMA MTN 1.850 03/25/2013 94682103 US Bank USC US Trsy Notes 25-Mar-2013 25-Mar-2010 - - - 1.850 CFD 07-I McMillin O[ay Rnch VIIg 11 Milestone Treasury Oblig FD Prem Shr 78470800D/03/04/O5/06/07 US Bank MF Mutual Funds 1,899,539 1,899,539 1,899,539 Var LAIF 784708003/06 US Bank MF Mutual Funds 2,341,909 2,341,909 2,341,909 CFD O6-I Improvement Area B Milestone Treasury Oblig FD Prem Shr 786104000/3/4/5 US Bank MF Mutual Funds 2,101,875 2,101,875 2,101,875 Var FNMA MTN 1.850 03/25/2013 786104003 US Bank USC US Trsy Notes 25-Mar-2013 25-Mar-2010 - - - 7.850 2004 COP Civic Center Phase I Dreyfus Inst'I Res Treasury 325540-04 BNY MF Mutual Funds 63,400 63,400 63,400 .Var FSA Capital Management Services LLC 325544 BNY IA Invmnt Agrmt Ot-Mar-2034 16-Sep-04 2,395,911 2,395,911 2,395,971 5.205 2006 COP Civic Center Phase II Dreyfus Inst'I Res Treasury 145756/57!58/88/69 BNY MF Mutual Funds ~ 81,206 81,208 81,206 Var FSA Investment Agreement 145757 BNY IA Invmnt Agnnt 01-Mar-2036 17-Mar-2006 1,272,459 1,272,459 1,272,459 5.010 CVPFA 2005 Rev Refunding Ser A Milestone Treasury Oblig FD Prem Shr 790488000+ USBank MF Mutual Funds 16,446,000 18,448,000 16,448,000 Var Citigraup GIC #871675.1 Reserve Accounts US Bank IA Invmnt Agrml Ot-Sep-2032 fi,436,873 8,436,873 6,436,873 4.889 CFD 01-1 Improvement Area B Milestone Treasury Oblig FD Prem Shr 792183000-10 US Bank MF Mutual Funtls 5,722,590 5,722,590 5,722,590 Var FNMA MTN 1.850 03/25/2013 792183003 US Bank USC US Trsy Notes 25-Mar-2013 25-Mar-2070 - - - 1.850 CFD 12-I McMillin Otay Rnch Vllg 7 Milestone Treasury Oblig FD Prem Shr 791949000/4/5/6/7/8/12 US Bank MF Mutual Funds 3,878,584 3,878,584 3,878,584 Var ~ j Cash 797949011 US Bank CFA Cash-Fiscal Agt 76,587 7fi,587 76,587 CFD ~I Otay Ranch Vllg 7 FNMA MTN 1.850 03/25/2013 Milestone Treasury Oblig FD Prem Shr 791949004 '93774000/03/04/05/06/07/08/1 US Bank USC US Trsy Notes US B k MF M t l F tl 25-Mar-2013 25-Mar-2010 - - - 1.850 an u ua un s 4,849,049 4,849,049 4,849,049 Var LAIF 793774003 US Bank MF Mutual Funds 1,265,012 1,285,012 1,265,012 CFD 07-IB McMillin Otay Rnch Vllg 11 Milestone Treasury Oblig FD Prem Shr 794322000/01/03!04/05/09 US Bank MF Mutual Funds 7,830,854 1,830,854 7,830,854 Var LAIF 794322003 US Bank MF Mutual Funtls 212,382 212,382 212,382 2010 COP Capital Facilities Refunding Milestone Treasury Oblig FD Prem Shr 136267000-136267005 US Bank MF Mutual Funds 3,760,047 3,760,047 3,760,047 Var D6 Sr. Tax Alloc Ref Bonds A Milestone Treasury PS Fund # M5 103986000/05 US Bank MF Mutual Funtls - - - Var Rabobank International NY Branch 103986003 US Bank IA Invmnt Agrmt 09-Aug-2027 11-Sep-2006 1,027,945 1,027,945 1,027,945 4.980 D6 Subordinate Tax Alloc Ref Bds Milestone Treasury PS Fund # M5 103987003/05 US Bank MF Mutual Funds 596 596 596 Var CiliGroup Financial Products, Inc. GIC 103987003 US Bank IA Invmnt Agrmt 2fi-Sep-2027 11-Sep-2006 1,004,365 1,004,365 1,004,365 5.097 RDA 2008 Tax Alloc Ref Bonds Milestone Treasury PS Fund # M5 127926000 to 6011 USBank MF Mutual Funds 30-Sep-2036 22-Jul-2008 4,195,217 4,195,277 4,795,217 Var CDBG Section 108 Loan Cash -Interest Bearing Acct 1459703226 B of A RC Restricted Cash 5,726,699 5,726,699 5,726,699 Var Orange Tree MHP Cash -Interest Bearing Acct 2 324-8 01 56 B of A RC Reslrlcled Cash 627,584 627,584 627,584 Var RDA Housing Program Cash -Interest Bearing Acct Various B of A RC ResVicted Cash - - ~ ~ - Var ~DBG Housing Program Cash -Interest Bearing Acct ~ Various B of A RC ResVicted Cash Var Grand Total as of June 30, 2077 96,249,692 96,348,910 96,249,692 Filename:J:\finance\data\investGnvl l.xls ' jlinanceWalalmvestVnv71.x15 City of Chula Vista CashlTime Deposits 30-Jun-11 CASH IN BANK Bank of America -General Account Bank of America -Payroll Account California Bank -Direct Deposit Account Wells Fargo Bank-CV Workers Comp Account CASH ON HAND Petty Cash Fund TIME DEPOSIT Bank of America Time Deposit CashlTime Deposits as of O6I3012011 j:finance\data\Cash and Time Deposits FY1011 JUNE 20.11 ~Is 8,696,857 (5,401) 6, 583 479,890 9,177,928 6,050 6,050 310,000 310,000 9,493,978 Draft, as of 06/29/2011