HomeMy WebLinkAbout2008/05/13 Item 4
CITY COUNCIL
AGENDA STATEMENT
ITEM TITLE:
INVESTMENT REPORT FOR THE QUARTER ENDED
MARCH 31, 2008
DIRECTOR OF FINANCE/TREASURE~
CITY MANAGER "';> T +.:.r !J ~~
4/5THS VOTE: YES D NO ~
SUBMITTED BY:
REVIEWED BY:
SUMMARY
In accordance with California Government Code Section 53646 and Council Investment
Policy adopted on February 12, 2008, the quarterly investment report for the period ended
March 31, 2008, has been prepared and now presented for Council acceptance.
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
That Council accept the report.
BOARDS/COMMISSION RECOMMENDATION
Not Applicable.
DISCUSSION
The Cash/Time Deposits ($2,313,651), Pooled Investment Portfolio ($176,169,836) and
Cash/Investments with Fiscal Agents ($162,180,746) continue to be invested in
accordance with the Government Code and the Council Investment Policy as adopted on
February 12,2008.
During the quarter, eleven investments totaling $41,000,000 were purchased and ten
investments totaling $23,500,000 matured or were called. There is no other activity to
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MAY 13, 2008, Item~
Page 2 of2
report on other than routine investments in money market mutual fimds by the City's
fiscal agents.
In January, the Federal Open Market Committee (FaMe) cut the key Fed Funds rate two
times for a total of 125 basis points from 4.25% to 3.00%, and another 75 basis points in
March to 2.25% in an effort to avoid a possible recession as a result of the continued
downturn in the housing market and credit crunch. Another cut is anticipated in the next.
quarter. Two-year Treasuries yielding 3.06% at the beginning of the quarter dropped
significantly to 1.60% at the end of the quarter as a result of this trend.
As of March 31, 2008, the weighted average yield (average interest rate) on the Pooled
Investment Portfolio was 4.378%, which is a 0.378% decrease from the previous
quarter's 4.756%. This decrease is primarily attributable to higher yielding investments
maturing and reinvested at the current lower interest rates.
At the end of this quarter, the weighted average maturity of the portfolio increased from
1.62 years to 2.52 years due to the purchase of longer term investments now yielding
higher rates than shorter term investments, but it still remains within the Council Policy
ofless than 3.0 years.
Considering the projected tJmmg of cash receipts and disbursements, including the
proceeds from the Tax and Revenue Anticipation Note borrowing 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.
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)(l) is not applicable to this decision.
FISCAL IMPACT
There is no direct fiscal impact by this action.
ATTACHMENTS
A. Investment Report for the Quarter Ended March 31, 2008
Prepared by: Nadine Mandery, Treasury Manager. Finance Department
4-2
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ellY OF
CHUIA VISTA
FINANCE DEPARTMENT
COUNCIL INFORMATION
DATE:
April 30, 2008
TO:
Honorable Mayor and City Council
FROM:
David Garcia, City Manager
Maria Kachadoorian, Direct t of Finance/Treasurer ~fc'_t1I'--
VIA:
SUBJECT:
INVESTMENT REPORT FOR THE QUARTER ENDED
MARCH 31, 2008
Attached for your information is the quarterly report of investments as of March
31, 2008. The Cash/Time Deposits ($2,313,651), Pooled Investment Portfolio
($176,169,836) and Cashllnvestments with Fiscal Agents ($162,180,746)
continue to be invested in accordance with the Government Code and the
Council Investment Policy as adopted on February 12, 2008.
During the quarter, eleven investments totaling $41,000,000 were purchased and
ten investments totaling $23,500,000 matured or were called. There is no other
activity to report on other than routine investments in money market mutual funds
by the City's fi~cal agents.
In January, the Federal Open Market Committee (FOMC) cut the key Fed Funds
rate two times for a total of 125 basis points from 4.25% to 3.00%, and another
75 basis points in March to 2.25% in an effort to avoid a possible recession as a
result of the continued downturn in the housing market and the credit crunch.
Another cut is anticipated in the next quarter. Two-year Treasuries yielding
3.06% at the beginning of the quarter dropped significantly to 1.60% at the end of
the quarter as a result of this trend.
As of March 31, 2008, the weighted average yield (average interest rate) on the
Pooled Investment Portfolio was 4.378%, which is a 0.378% decrease from the
4-3
Council Information
FY 2007-08 3rd Quarter Investment Report
April 30, 2008
Page 2 of 2
previous quarter's 4.756%. This decrease is primarily attributable to higher
yielding investments maturing and reinvested at the current lower interest rates.
At the end of this quarter, the weighted average maturity of the portfolio
increased from 1.62 years to 2.52 years due to the purchase of longer term
investments now yielding higher rates than shorter term investments, but it still
remains within the Council Policy of less than 3.0 years.
Considering the projected timing of cash receipts and disbursements, including
the proceeds from the Tax and Revenue Anticipation Note borrowing 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.
Should you have any questions regarding this information, please feel free to
contact me (619) 691-5051, extension 3636.
4-4
CITY OF CHULA VISTA
Summary Of Cash /Investments as of March 31, 2008
Investment Type Par Value Market Value Book Value %
Cash/Time Deposits Subtotal $2,313,651 $2,313,651 $2,313,651 0.68%
Pooled Investment
Federal Securities 120,000,000 121,477,952 119,997,767 35.22%
Local Agency Investment Fund 53,169,836 53,205,944 53,169,836 15.60%
Corporate Bonds 3,000,000 3,000,540 3,061,530 0.90%
Subtotal $176,169,836 $177,684,436 $176,229,133 51.72%
Cash/Investments with Fiscal Agent
U. S. Government 65,066,165 75,061,324 65,066,165 19.10%
Investment Agreements 33,696,466 33,696,466 33,696,466 989%
Mutual Funds 58,549,018 58,549,018 58,549,018 17.18%
~ Cash with Fiscal Agents 0 0 0 0.00%
I
(J'1 Restricted Cash 4,869,097 4,869,097 4,869,097 143%
Subtotal $162,180,746 $172,175,905 $162,180,746 47.60%
Totals $340,664,233 $352,173,992 $340,723,530 100.00%
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 tile City of Chula Vista as
stated in Resolution No. 2008-54 dated February 12, 2008.
M{,:? ~I ~
.~Maha ac adoon n
Director of Finance/Treasurer
Note: 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.
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Chula Vista Investment Pool
Portfolio Management
Portfolio Summary
March 31, 2008
City of Chula Vista
276 Fourth Ave
Chula Vista CA 91910
(619)691-5250
CllY OF
CHULA VISTA
Investments
p" Market Book %of Days 10 YTM
Value Value Value Portfolio Term Maturity
53,169,836.03 53,205,944.46 53,169,836.03 30.17 1 1 3.770
120,000,000.00 12"1,477,951.60 119,997,766.67 66.09 1,595 1,348 4.682
3,000,000.00 3,000,540.00 3,061,530.00 1.74 1,809 30 3.050
176,169,836.03 177,684,436.06 176,229,132.70 100.00"/11 1,118 919 4.378
-----~._._- -----~------ -~~._.__._----- ._._-_..~_..- ------------- --------------- ~_._-- -----------
Managed Pool Accounts
Federal Agem;y CallalJles
Corporate Coupon Bonds
Investments
Total Earnings
Current Year
Average Daily Balance
td~~
Phillip A. Davis, Assistant Director of Finance
_ ___~~rc_~.~..!~~.!h En~~~JL___
Fiscal Year To Date
670,485.52
177,906,552.05
4.44%
6,922,969.91
184,529,774.10
4.98%
4-L./-og
Reporting period 03/01/2008-03/31/2008
Porlfolio CHUL
CC
PM (PRf ]M1) SymRepl 6.41.2021>
ReporlVer. 5.00
Hun Date: O~I1~12000 - ''1:39
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Chula Vista Investment Pool
Portfolio Management
Portfolio Details - Investments
March 31, 2008
CUSIP
Investment #
Issuer
Average
Balance
Purchase
Date
Managed Pool Accounts
SYS"I01D7 10197 Local Agency Investment Fund
Subtotal and Average 52,073,061.84
------'--_...... -.-"--------- ._~----------
Federal Agency Call abIes
3133XBNR2 10383 Federal Home Loan Bank 04/"1512005
3136F3VS2 10290 Federal Nal'l Mlg. Assoc. 06/04/2003
31339X3F9 10302 Federal Home Loan Bank OBr12/2003
3136F3XSO 10305 Federal Nal'[ Mtg. Assoc. 06/12/2003
3128XfiCH7 10435 Federal Home Loan MOllgage Co. 06/25/2007
3-13fiF8PP4 10437 Federal NaL'1 Mlg. Assoc. 07102/2007
3136FBQG3 10442 Federal Nat'l Mlg. Assoc. 07/23/2007
3133XGNF7 10403 Federal HOnle Loan Bank 09f08(2006
3133XL2AO 1042\l Fedoral Home Loan Bank 061"11/2007
~BX6CX2 10433 Federal Home Loan Mortgage Co. 06/15/2007
'!.!.r3XLBSl 10434 Federal Home Loan Bank 06/25/2007
3'136FBUQG 10448 Federal Nat'l Mlg. Assoc. 11/0112007
31331X701 10446 Federal Farm Credli Bank 10/17/2007
3136FBVQ5 10449 Federal Nal'l Mlg. Assoc. l1/OB/2007
312BX6RZ1 10455 Federal Horne Loan Mortgage Co. 12/03/2007
::J'133XNH8B 10457 Federal Horne Loan Banll 1 2/06/2007
3133XN.J26 10458 Federal Home Loan Sanll 12/1 Q/2007
:1 'l33XML90 10445 Federal Home Loan Sank 10104/2007
31331YEEl2 10452 Federal Farm Credit Bank 11/16/2007
;:l133XMYPO 10451 Federal Home Loan Bank 11/19/2007
3133XMUL3 10450 Federal Horne Loan Bank 11/21/2007
312UX6RNB 10453 Federal HOllle Loan Mortgage Co 11/26(2007
3133XNHE2 10454 Federal Horne Loan Bank 12/03/2007
3'121lXfiSD9 10456 Federal Home Loan Mortgage Co. 12/05/2007
312BXBUl.B 10460 Federal Home Loan Morlgage Co. 12/12/2007
3136FBYM1 10462 Federal Nat'l Mlg. A55oc. 12/21/2007
::1"I2BX6VFO 10459 Federal Horne Loan Mortgage Co. 12/17/2007
3139i:!AI<Wl 10464 Federal Nal'l Mly. Assoc. 01l02l200B
31 28XGXV3 10466 Federal Home Loan Mortgage Co. 01/o7!2oo11
J1211X6Y.J9 10467 Federal Home Loan Mortgage Co 01/09/2000
:l13:jXNUF4 10463 Federal Home Loan Bank 01/14/2000
3133XP4T8 10460 Federal Home Loan Bank 01/28/2008
I~u!l Dale: 0<111<112006-17:39
Page 2
Slaled Days to VTM Maturity
Par Value Market Value Book Value Rate Term Maturity Date
53,169,il36.03 53,205,944.46 53,169,836.03 3,770 3.770
---
53,169,036.03 53,205,944.46 53,169,836.03 3.770
---------.-. -- ---.----.-------- ------_..-------~.__..
2,000,000,00 2,001,875.00 2,000,000.00 4.300 1,099 17 4.300 04/18/2008
3,000,000.00 3,002,812.50 2,998,500.00 3.000 1,827 84 3.011 06104/200il
2,000,000.00 2,002,500.00 2,000,000.00 3.000 1,827 72 3.000 U6/12/20oil
2,000,000.00 2,002,50000 2,000,000.00 3.000 1,827 72 3.000 06/1212003
3,000,000.00 3,021,450.00 3,000,000.00 5.310 731 450 5.310 06/2fi/20ng
3.000,000.00 3,023,437.50 3,000,000.00 5.375 731 457 5.375 07/02/2009
4,000,000.00 4,038,750.00 4,000,000.00 5.'100 731 478 5.400 07/23/2009
2,000,000.00 2,027,500.00 2,000,000.00 5.330 1,096 525 5,330 09(08/2009
2,000,000,00 2,011,875,00 l,999,OOO.00 5.300 1,096 801 5.318 Ofl/11/2010
3,000,00000 3,110,156.10 2,990,500.00 5.400 1,096 805 5.4111 06/15/20'10
2,000,000.00 2,015,000.00 2,000,000.00 5.500 1,096 815 5.500 06/25/2010
4,000,000.00 4,008,750.00 4,000,000.00 5.050 1,006 944 5.050 11/01/2010
3,000,000.00 3,046,875.00 3,000,00000 5.100 1,461 1,294 5,100 10/17/2011
",000,000.00 4,011,250.00 4,000,000.00 5.000 1,461 1,316 5.000 11108/2011
3.000.00000 3,051,420.00 3,000,000.00 4.700 1;160 1,340 4.700 12/02/2011
3,000,000,00 3,014,062,50 3,000,000.00 4,700 1,461 1,344 4,700 12106/2011
3,000,000.00 3,044,062.50 3,000,000.00 4.625 1,461 1,357 4.625 12/19/2011
3,000,000.00 3.046,875.00 3,000,000.00 5.300 1,826 1,645 5.300 10/03/2012
3,000,000.00 3,117,167.50 3,000,000.00 4.840 1,827 1,690 4.840 11/16/2012
2,000,000.00 2,035,625.00 2,000,000.00 5.050 1,827 1,693 5.050 11r19/2012
2,000,000,00 2,008,125.00 2,000,000.00 5.125 1,827 1,695 5.125 11/21/2012
3,000,000.00 3,042,7BO,00 3,000,000.00 5.000 1,627 1,700 5.000 11/26/2012
",000,000,00 4,018,750.00 4,000,000.00 5.000 1,827 1,707 5.000 12/03/2012
4,000,000,00 4,057,000,00 4,000.000.00 4.875 1,827 1,709 4_875 12/05/2012
3,000,000.00 3,016,080.00 2,998,018.87 5.000 1,828 1,715 5.o-1B 12111/2012
3,000,000.00 3,016,075.00 3,003,750.00 5.000 1,818 1,716 5,000 12112/2012
4,000,000.00 4,115,668.00 4,000,000.00 4.750 1,627 1,721 4.750 12/17/2012
4,000,000,00 4,075,000.00 4,000,000.00 4.750 1,827 1,737 4.750 01/0212013
3,000,000,00 3,019,740.00 3,000,000.00 4.750 1,827 1,742 4.750 01/07/2013
4,000,000.00 4,067,600.00 4,000,000.00 4.500 1,827 1,744 4.500 01/09/2013
4,000,000.00 4,075,000.00 4,000,000.00 4,700 1,827 1,749 4.700 0111412013
4,000,000.00 4,060,000.00 4,000,000.00 4.200 1,ll27 1,763 4.200 01/28/2013
Portfolio CHUL
CC
PM (PRF _PM2) SyrnRepl EiA 1.202l.l
RepnrlVer.5.00
CUSIP
Investment #
Purchase
Dale
Stated Days [0 YTM Maturity
Par Value Market Value Bool( Value Rate Term Maturity Date
4,000,000.00 4,085,000.00 4,000,000.00 4.000 1,827 1,764 4.000 01/29120n
5,000,000.00 5,075,000.00 5,000,000,00 4.200 1,827 1,764 4.200 01/29/2013
5,000,000.00 5,018,750.00 5,000,000.00 4.150 1,827 1,765 4.150 01/30/2013
3,OOO,UOO.00 3,042,640.00 3,000,000.00 4.125 1,627 1,770 4,125 02104/2013
2,000,000.00 2,025,000.00 2,000,000.00 4.000 1,627 1,786 4.000 02120/2013
3,000,000.00 3,024,7ll0.00 3,OOO,OUO.00 4.375 1,827 1,794 4.363 02/28/2013
--
120,000,000.00 121,477,951.60 119,997,766.67 1,595 1,348 4.682
--.-..---- n__ .~___~.____~.__~__ --.---...---.. "--------------.-.---. - .-. ~,,~-_.~-----_._.
3,000,00000 3,000,540.00 3,081,530.00 3.500 1,809 30 3,050 OSf011200B
--
3,000,000.00 3,000,540.00 3,061,530.00 1,809 30 3.050
176,169,036.03 177,684,436.06 176,229,132.70 1,116 919 4,370
Federal Agency Call abIes
3133XP3Cfi
3133XPGL3
3'\33XF'CV'1
3128X6A63
3133XPKV5
312BX63W4
10469
.10472
10473
10471
10474
10475
Corporate Coupon Bonds
:j(j!}62GB78
10290
Issuer
Average
Balance
Chula Vista Investment Pool
Portfolio Management
Portfolio Details - Investments
March 31, 2008
Page J
Federal HOllle Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Mortgage Co.
Federal Home Loan Bank
Federal Horne Loan Mortgage Co.
Subtotal and Average
122,771,960.22
0'\/29/2008
01/29/200B
01/30/200B
0210412008
0212012008
02/201200B
05/19/2003
.j>.
I
CD
RUfI Dale:04/14/20otJ- 17:39
General Electric CapHal Corp.
Subtotal and Average
3,061,530.00
Total and Average
177,906,552.05
Portfolio CHUL
CC
PM (PRF _PM2) SymRepl6A 1.20211
CUSIP
Investment 11
Issuer
Average
Balance
Chula Vista Investment Pool
Portfolio Management
Portfolio Details - Cash
March 31, 2008
Purchase
Dale
J>arValue
Market Value
Stated
Book Value Rale
Page 4
Days to
Term Maturity
VTM
o
"""
I
CD
Hun Dale: 0'1114/2000- 17:39
Total Gash and Jnveslmentss
Average Balance
177 ,906,552.05
0.00
176,169,630.03
177,684,436.06
176,229,132.70
o
1,118
919 4.378
Portfolio CHUL
CC
PM (PRF _PM2) SymRepI6.41.202b
CUSIP
Investment 11
Issuer
Balance
Managed Pool Accounts (Monthly Summary)
SYS10197
10197
Local Agency Investment Fund
Subtotal
Federal Agency Callables
3133XB7M1
:J12flX1KS5
10382
10314
Federal Home Loan Banl(
Federal Home Loan MOrlgage Co.
Subtotal
Corporate Coupon Bonds
Subtotal
Chula Vista Investment Pool
Portfolio Management
Activity By Type
March 1,2008 through March 31, 2008
Stated Transaction
Rate Dale
Purchases
or Deposits
Redemptions
or Withdrawals
7,600,000.00
7,600,000.00
2,000,000.00
2,000,000.00
4,000,000.00
Page 5
53,169,836.03
119,997,766-'H
3,061,530.00
Total
176,229,132.70
-1>0
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3.770
4,300,000.00
4,300,000.00 .
5.000
3.070
U312fl1200[l
03/17/2008
0.00
0.00
0.00
4,300,000.00
11,600,000.00
Portfolio CHUL
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Chula Vista Investment Pool
Portfolio Management Page 6
Activity Summary
March 2007 through March 2008
_____ __~~~~__~~__~_~l_~~_ty____ Managed Number Number
Month Number of Total 3.. 3.5 Pool of Investments of Investments Average Average
End Year Securities Invested Equivalent EQulvalenl Rate Purchased Redeemed Term Days to Maturity
March 2007 56 183,075,631.76 4.549 4.612 5.214 3 5 660 232
April 2007 56 198,356,684.37 4.635 4.700 5.222 2 2 613 216
May 2007 56 212,366,584.37 4.770 4.836 5.248 7 7 570 234
June 2007 58 188,660,274.37 4.863 4.931 5.250 8 6 662 331
July 2007 61 199,055,281.67 4.915 4.984 5.255 5 2 667 346
August 2007 57 187,127,241.67 4.915 4.984 5.253 2 6 689 354
September 2007 51 183,164,031.67 4.898 4.966 5.231 0 6 666 325
October 2007 42 174,293,968.55 4.878 4.946 5.137 2 11 631 313
November 2007 38 170,456,281.88 4.856 4.924 5.137 6 10 692 401
December 2007 39 175,459,631.88 4.691 4.756 4.801 8 7 854 592
January 2008 43 202,229,132.70 4.569 4.632 4.620 8 4 975 776
~bruary 2008 42 183,529,132.70 4.413 4.475 4.161 3 4 1,105 905
l'tIarch 2008 40 176,229,132.70 4.318 4.378 3.770 0 2 1,118 919
-
~ Average 49 187,231,016.18 4.713% 4.719% 4.948 4 6 762 457
Hun Dale: 0-1/14/2006 -17:39
Portfolio CHUL
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PM (PRF _PM4) SymRepl 6.41.202l1
Reporl Ver. 5.00
Chula Vista Investment Pool
Portfolio Management Page 7
Distribution of Investments By Type
March 2007 through March 2008
March April M.y June July August September October November December January February March Average
Security Type 2007 2007 2007 2007 2007 2007 2007 2001 2007 2007 200B 2006 2008 by Period
Managed Pool Accounts 28.8 33.3 35.3 24.0 23.5 23.9 30.4 40.1 44.5 39.8 36.2 30.8 30.2 32.4%,
Passbool</Checking Accounts
Federal Agency Coupon Securities 15.7 14.5 13.5 14.1 11.9 7.9 3.7 2.2 6.4"/',
Federal Agency Call abies 51.4 48.4 47.6 57.8 60.8 62.5 60.1 51.6 49.3 54.1 60.8 67.6 68.1 56.9%
Corporate Coupon Bonds 4.2 3.9 3.6 4.1 3.8 5.7 5.8 6.1 6.2 6.1 3.0 1.7 1.7 4.3%
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Portfolio CHUL
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PM (PRF __PM5) SymRepl fiA 1.202b
Report Ver.5.0U
Chula Vista Investment Pool
Portfolio Management
Interest Earnings Summary
March 31, 2008
Page B
March 31 Month Ending
Fiscal Year To Date
CD/Coupon/Discount Investments:
Interest Collected
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
Less Accrued Interest at Purchase During Period
117,115.00
"1,615,257.10
1,245,343.21 )
0.00)
487,028.89
0.00
(
(
4,449,728.74
1,615,257.10
1,562,800.09)
34,416.67)
4,467,769.08
246,723.33
Inlerest Earned during Period
Adjusted by Capital Gains or Losses
Earnings during Periods
487,028.89
4.714,492.41
~
I
~
Pass Through Securities:
Interest Collected
Plus Accrued Interest al End of Period
Less Accrued Interest al Beginning of Period
Less Accrued Interest at Purchase During Period
0.00
0.00
0.00)
0.00)
0.00
0.00
0.00)
0.00)
w
Interest Earned during Period
0.00
0.00
0.00
0.00
0.00
0.00
Adjusted by Premiums and Discounts
Adjusted by Capital Gains or Losses
Earnings during Periods
0.00
0.00
Cash/Checldng Accounts:
Interest Collected
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
0.00
1.034,572.52
U51,1-15.89)
2,330,885.00
1,034,572.52
1,156,980.02)
Interest Earned during Period
103.456.63
2,208,477.50
Total Interest Earned during Period
Total Capital Gains or Losses
670.485.52
0.00
6,676,246.58
246,723.33
Total Earnings during Period
670,485.52
6,922,969.91
I~Ufl Date: 0<111412006. 17:39
PorLfolio CHUL
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PM (PRF _PM6) SymRepl8.41 .202LJ
Reporl Ver. 5,00
~y?- City of Chuta Vista
:~---~ Chula Vista Investment Pool 276 Fourth Ave
"'--<~~ Accrued Interest Cl1uJa Vista CA 91910
"""".......~......
(lIT OF Sorted by Issuer -Investment Number (619)691-5250
CHUIA VISTA
March 1, 2008 - March 31, 2008
Adjusted Acc'd Int.
Security p" MaturIty Current . Beginning at Purchase Interest Interest . Ending
CUSIP Investment II Type Value Date Rate Accrued Interest During Period Earned Received Accrued Interest
Federal Farm Credit Banl~
31331X702 10446 MG'I 3,000,000.00 10/17/2011 5.100 56,950,00 000 12,750,00 0.00 G9,700.0U
3133"IYEB2 10452 MC1 3,000,000.00 11116/20-12 4.840 42,350,00 0.00 12,100,00 0.00 54,450.00
Subtotal 6,000,000.00 99,300.00 0.00 24,850.00 0.00 124,150.00
.__ ______. u__'... ____...____,__ _P. - ----------------- ---- ---- -------.-- ------- -----.-.--
Federal Home Loan Bank
31339X3F9 10302 MC1 2,000,000.00 06/12/2008 3.000 13,166.67 0.00 5,000.00 0.00 18,166,67
3133XB7M'1 10382 MC1 0.00 03/28/2000 5.000 42,500.00 0.00 7,500.00 50,000.00 0,00
3133XBNR2 10383 Me'l 2,000,000.00 04/18/2008 4.300 31,772.23 0.00 7,166.67 0.00 30,938.90
3133XGNF7 10403 MC1 2,000,000.00 09/OB/2009 5.330 51,227.22 0.00 8,883.34 53,300.00 6,8"10.56
3133XL2AO 10429 MC1 2,000,000.00 06/11/2010 5.300 23,555.56 0.00 8,1333.33 0.00 32,388.89
3'133XLBS1 10434 MC1 2,000,000.00 06/25/2010 5,500 20,lG6.67 0,00 9,166.66 0.00 29,333.33
3133XML90 10445 MC1 3,000,000.00 10/03/2012 5.300 64,925.00 0.00 13,250.00 0,00 78,17500
~3XMUL3 10450 MC1 2,000,000.00 11/21/2012 5.125 20,472.22 0,00 8,541.67 0.00 37,013,89
3.lil3XMYPO 10451 MC1 2,000,000.00 11/19/2012 5.050 28,61G.07 0.00 8,416.66 0.00 37,033,33
*"3XNHE2 10454 MC1 4,000,000.00 12/03/2012 5.000 48,8813.89 0.00 16,666.67 0.00 65,555.56
3133XNHB8 10457 MC1 3,000,000.00 12/0012011 4.700 33,291.87 0.00 11,750.00 0.00 45,041.67
3 '1 33XN,J26 10458 MC1 3,000,000.00 12119/2011 4,625 27,750.00 0.00 11,562.50 0.00 39,312_50
3133XNUF4 10463 MC1 4,000,000.00 01114/2013 4.700 24,544.44 0.00 15,686.67 0.00 40,211.11
3l33XP4T8 10468 MC1 4,000,000.00 01/28/2013 4.200 15.400.00 0.00 14,000.00 0.00 29,400,00
3"133XP3CG 10469 MC'l 4,000,000.00 01120/2013 4,000 14,222.22 0.00 13,333.34 0.00 27,555.56
3133XP6L3 10472 MC1 5,000,000.00 01/29/2013 4.200 Hl,6G6.67 0,00 17,500.00 0.00 36,1GB.57
3133XPCV4 '10473 MC1 5,000,000.00 01/3012013 4.150 17,068.06 0.00 17,291.66 0.00 35,159.72
3133XPKV5 10474 MC1 2,000,000.00 02120/2013 4,000 2,444.'14 0,00 6,666.67 0.00 9,111.11
Subtotal 51,000,000.00 507,478.03 0.00 201,195.84 103,300.00 605,374.<17
-"--------- -.-------- -- ---.--.-.-------- ------.---- ------.-.--.-.--. .-.-----.-.-....
Federal Home Loan Mortgage CO.
3128X1KS5 '10314 MC1 0.00 OGtZ6/2008 3.070 11,066,11 0,00 2,726.89 "l3,B15.00 0,00
3126X6CX2 "10433 MC1 3,000,000.00 06/15/2010 5.400 34,200.00 0.00 13,SOO.00 0.00 47,700.00
3l2UX6CH7 10435 MC1 3,000,000.00 06/2512009 5310 20,205,00 0.00 13,275.00 0.00 42,460.00
3128X6RNB '10453 MC1 3,000,000.00 11126/2012 5.000 39.583.33 0.00 12,500.00 0.00 52,083,33
3'126X6RZ'1 10455 MC1 3,000,000.00 12/02t201"1 4.700 34.460.67 0,00 11,750.00 0.00 46,21fi.G7
3j211X6S09 10456 MC1 4,000,000.00 1210512012 4JI75 40,583.33 0.00 16,250.00 0.00 62.833.33
312BX6VFO "10459 MC1 4,000,000.00 12/"17/2012 4.750 39,U55.56 0.00 15,833.33 0.00 54,868.89
3'12i1X6UL6 10460 MC1 3,000,000.00 121'1"112012 5.000 33,333.33 000 12,500.00 0.00 45,633.33
3 '1211X6XV3 10460 MC1 3,000,000.00 01/07/2013 4_750 2'1,375.00 0,00 11,875.00 0.00 33,250.00
. Beginning Accrued may nol include investments ihat redemed in the previous monlh Ihat had outstanding accrued interest. Ending Accrued includes outstanding purchase inlerest.
Portfolio CHLJL
CC
Run Dale:04/14/2006-11:41
AI (PRF _^l) SymRept 6.'l1.202b
Repurt Ver. 5.00
Chula Vista Investment Pool
Accrued Interest
Sorted by Issuer M Investment Number Page 2
Adjusted Acc'd lnt.
SecurHy p" Maturity Current . Beginning at Purchase Interest Intcrest . Ending
CUSI? Investment # Type Value Date Rate Accrued Interest During Period Earned Received Accrued Interest
Federal Home Loan Mortgage CO.
3120X6YJ9 10467 MCI 4,000,000.00 01/09/20 13 4.500 26,000.00 0.00 15,000.00 0.00 41,000.00
3 'I 28X6A63 10471 MC1 3,000,000.00 02104/2013 4.125 9,281.25 0.00 10,312.50 0.00 19,593.15
3120X63W4 10475 MC'I 3,000,000.00 0212812013 4.375 1,093.75 0.00 10,937.50 0.00 12,031.25
Subtotal 36,000,000.00 325,263.33 0.00 146,462.22 13,B15.00 457,910.55
---.-------.-.- --------- .--~- .--------- ---------
Federal Nat'1 Mtg. Assoc.
3136F3VS2 10296 MC1 3,000,000.00 06/04/2000 3,000 21,750.00 0.00 7,500.00 0.00 29,250.00
3136F3XSO 10305 MC'I 2,000,000.00 06/12/2008 3,000 13,166.67 0.00 5,000.00 0.00 10,166.67
3136F8PP4 10437 MC1 3,000,000.00 0710212009 5.375 26,427.06 0.00 13,437.50 0.00 30,864.58
3136F8QG3 10442 MC1 4,000,000.00 07123/2009 5.400 22,600,00 0.00 18,000.00 0.00 40,800.00
3'1 36FBUQ6 10448 MC1 4,000,000.00 11/01/2010 5.050 67,333,33 0.00 16,633.34 0.00 84,166.67
3136FBVQ5 10449 MC1 4,000,000.00 11/06/2011 5.000 62,777 _7B 0.00 16,666.66 0.00 79,444.44
3136f8YMl 10462 MC1 3,000,000.00 12/12120'12 5.00U 32,916.67 0.00 12,500,00 0.00 45,416.67
3139liAl<W1 10464 MC1 4,000,UOO.00 01/02/20.13 4.750 31,138,89 0.00 15,633.33 0.00 46,972.22
Subtotal 27,000,000.00 278,310.42 0.00 105,770.83 0.00 384,081.25
- .---. ----
~neral Electric Capital Corp.
:'ll1962GB78 10290 MC2 3,000,000.00 05/0H200il 3.500 34,999.99 0.00 a,750.DO 0.00 43,749.99
.....
(11 Subtotal 3,000,000.00 34,999.99 0.00 B,750.00 0.00 43,749.99
Total 123,000,000.00 1,245,352.37 . 0.00 487,028.89 117,115.00 / 1,615,266.26
.. Beginning Accrued may not include investments that redemed in the previous month that had outstanding accrued interesl. Ending Accrued includes oulstanding purchase, interest.
Portfolio CHUL
CC
Hun Dale:O<l/14/200B-17:4'1
Al (PHF _AI) SymRep16A1.202b
Reparl Vel. 5.00
~Jf?
~
~~.~~
Chula Vista Investment Pool
Realized Gains and Losses
Sorted By Maturity/Sale/Call Date
Sales/Calls/Maturities: March 1, 2008 - March 31, 2008
City of Chula Vista
276 Fourth Ave
Chula Vista CA 91910
(619)691-5250
CITY OF
(HUlA VISTA
Investment II
Inv.
Type
Purchase
Dale
Par Value Sale Date Days Held Realized Total Total Total
Maturity/Sale
Current Rate Maturity Date Term Book Value Proceeds Gain/Loss Earnings Net Earnings Yield 365
2,000,000.00 03/17/2008 1,726 2,000,000.00 2,000,000.00 0.00 290,115.00 290,1'15.00 3.008
3,0"10 Ofi/26120011 1,027
2,000,000.00 031211120Qll 1,096 2,000,000,00 2,000,000.00 0.00 270,000.00 270,000,00 4<l9(j
5.000 03/28/2008 1,090
Tolal Realized Gains/Losses 4,000,000.00 4,000,000.00 0.00 V 560,115.00 560,115.00 3.702
Issuer
10314 MC-1 05126/2003
Federal Home Loan Morlgage Co.
10382 MC1
Federall-Iome Loan Bank
03128(2005
.;.
I
~
m
Hun Dale:04/14/2000-17:42
Portfolio CHUL
CC
CG (PRF _CGR1) SyrnRE!pI6.41.;!O;!h
HE!porl Ver. 5.00
~ Vt--
:-~~
~
........~~~
CITY OF
(HULA VISTA
Date Received
Chula Vista Investment Pool
Received Interest
Sorted by Date Received - Grouped by Fund
Received March 1,2008 - March 31, 2008
CUStP
Security
Type
Par Current
Value Rate
Interest
City of Chula Vista
276 Fourth Ave
Chula Vista CA 91910
(619)691-5250
Variance
Fund: Chuli! Vista Investment Pool
Dale Due Dale Received
Amount Due
Amount Received
M<lrch 20011
Investment #
3133XGNF7 10403 MC1 2,000,000,00 5.330 03/08/2008 0311012008 53,300.00 53,300.00
312f1Xll<S5 10314 MC1 0.00 3.070 03/17/2006 03117/2008 13,815.00 13,815.00
3133XBlM1 10382 MC1 0,00 5.000 03J2fl1200B 03128/2008 50,000.00 50,000.00
Subtotal 117,115.00 117,115.00
Chula Vista Investment Pool Subtotal 117,115.00 117,115.00
Total 117,115.00 117,115.00
Total Cash Overpayment 0.00
Total Cash Shortfall 0.00
.j:>
I
~
......
HUIlOale;Q4114f200B-17AO
Portfolio CHUL
CC
RI (PRF__RI) SymRepl 6A1.202b
Report VeL 5.00
City of Chula Vista
Cash and Investments
31-Mar-08
INVESTMENTS
Bank of New York Custodial Account
State of CA Local Investment Agency Fund
State of CA Local Investment Agency Fund
Accrued Interest on Investment
UNREALIZED GAIN
Unrealized Gain on Fair Market Value
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
Cash and Investments as of 03/31/2008
Cash/Time Deposits as of 03/31/2008
j:finance\data\Cash and Investments FY0708.March4>4-f9J8.xls
Amount
123,055,130
35,459,049
17,710,787
176,224,966
(440,589)
(440,589)
1,744,282
(634)
11,057
244,146
1,998,851
4,800
4,800
310,000
310,000
178,098,028
2,313,651
Schedule of Cash/Investments with Fiscal Agent
as of March 31, 2008 Fiscal Maturity Purchase Conlractual Federal
Bond Issue Security Description Trust Accl # Agent Type Date Date Par Value Mkt Value Cosl Yield
94 CV Pension Oblig Bd 1st American Trs Oblig CL 0 Corp Tr 95439640 US Bank Mutual Funds 0 0 0 Var
COP 2000A Financing Proj Milestone Treasury Oblig FD Prem Shr 94418720/21/24 US Banl( Mutual Funds 356,254 356,254 356,254 Va,
AIG-MF LLC Invest Agrmt 94418721 US Oanl( Invlmnt Agrmt 27-Aug-20 1'I-Ocl-00 1,383,983 1,888,983 1,888,983 6.340
RDA 2000 Tax Alloc Bonds AMBAC CAP Funding 94418822 US Bank Invlmnt /l.grmt 01-Sep-30 31-0ct-00 1,204.747 1,204,747 1,204,747 6.180
Milestone Treasury Oblig FO Prem Sllr 944181320/1/4 US Bank Mutual Funds 3,223,897 3,223,097 3,223,097 Var
CV Public Financing Authority Milestone Treasury ObJig FD Prem Sllr 30300n 12/3/4/518/9/1 0/1 US Bank Mutual Funds 3,363,735 3,363,735 3,363,735 Var
2001-1/2001-2 RAO Trinity Plus Funding Co lnvst Agrml 94430303 US Bank Invlmnt Agrmt 02-Sep-17 04-Sep-01 1,201,778 1,201,778 1,201,770 5.600
Trinity Plus Funding Co tnvst Agrml 94430312 US Bank Invtlllllt Agrrnl 02-Sep-17 04-Sep-01 426,500 426,500 426,500 5.600
2002 COP Police Facilities MBIA, Inc. Investment Agreemenl 94445202 US Bank Invmnt Agrlnt 01-Aug-32 20-'/un-2002 2,031,750 2,031,750 2,031,750 5.835
Milestone Treasury ObJig FO prem Sl1r 94445200/2/4 US Bank Mulual Funds 1,125,290 1,125,290 1,125,290 Va,
CFD 06-) Improvement Area A Cash 94477000 US Banl~ Cash-Fiscal Agt
Mitestone Treasury Oblig FO Prem Shr 94477000/3/4/5/6/9/10 US Bank Mutual Funds 4,505,387 4,505,387 4,505,387 Va,
Local Agency Investment Fund 94477005/6/9 US Banl( Invmnl Agrmt 5,408,152 5.408,152 5,408,152 Va'
2003 Refunding Cerl of ParticipaliOl FSA Capital Mgmt Invst Agreement 94652201 US Bank Invmnl Agrmt 01-Sep-12 11-Jun-Q3 1,132,000 1,132,000 1,132,000 3.100
Milestone Treasury Oblig FO Prem Shr 94652200/1 US Bank Mutual Funds 6 6 6 Var
CFO 2001-2 McMitlin-Olay Ranch 6 Milestone Treasury Oblig FO Prem Shr 1658900/03/04105/08/09" US Bank Mutual Funds 1,606,349 1,606,349 1,606,349 Var
Cash 94658900-10 US Bank Cash-Fiscal Agl
CFO 08-1 Otay Ranch Village 6 Milestone Treasury Oblig FO Prem Shr 2100/03104/05/06107/101" US Bank Mutual Funds 2,870,042 2,870,042 2,870,042 Va'
LAIF 94682105/12 US Bank Invmnl Agrml 3,647,677 3,647,677 3,647,677
Cash 94682100 US Bank Cash-Fiscal Ag(
CFD 07-1 McMillin Olay Rncl1 VlIg 1 Milestone Treasury Olllig FD Prem Sllr '84708000/03/04/0510610 US Bank Mutual Funds 515,042 515,042 515,042 Var
lAIF 784700003/05 US Bank Invmnl Agrml 2,336,224 2,336,224 2,336,224
Cash 704708010 US Bank Cash-Fiscal Agl
CFD 06-1 Improvement Area B Milestone Treasury Oblig FD Prem Shr 786.104000/3/4/5 US Bank Mutual Funds 3,252,541 3,252,541 3,252,541 Va,
Cash 706104000-08 US Balll~ Cash-Fiscal Agl 0
200~OP Civic Center Phase I BNY Hamilton Trsy Money FD Premier 325540-44 BNY Mutual Funds 1,211,208 1,211,208 1,211,208 Va,
~ FSA Capital Management Services LLC 325544 BNY Invmnl Agrmt 01-Mar-34 16-Sep-04 2,395,911 2,395,911 2,395,911 5.205
CD Cash BNY Casll-Fiscal Agl
2006 COP Civic Center Phase II BNY Hamilton Trsy Money FD Premier 145756/57/58/68/69 BNY Mutual Funds 708,977 708,077 708,977
FSA Investment Agreement 145757 BNY Invmnt Agrml 01.Mar-36 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 Sllr 790480000~. US Bank Mutual Funds 13,556,125 13,556,125 13,556,12!l Var
Citigroup GIC #871615.1 Heserve Accounts US Bank Invmnt Agrmt 01-Sep-2032 6,436,873 6,436,873 6,436,873 4889
US Treasury Escrow Accounts US Bank US Trsy Notes 65,066,165 75,061,324 .75,061,324 Var
Cash BNY Cash-Fiscal Agt
CFO 01-1 Improvement Area B Milestone Treasury Oblig FD Prem Shr 792183003-10 US l3anl( Mutual Fund~ 7,810,617 7,310,617 7,310,617 Va,
CFO 12-1 McMillin Otay Rnch Vl1g 7 Milestone Treasury Oblig FD Prem Sllr '91949000/415/6/718/11/1 US Bank Mutual Funds 6,490,710 6,490,710 6,490.110 Var
AIG Matched FOG Corp lovst Agrlnt 791949005/11112 US Bank Invmnl Agrmt
CFD 13-1 Olay Rancll VlIg 7 Milestone Treasury Obllg FD Prem Sllr 774000/03/04105106/07/0 US Bank Mutual Funds 5,449,560 5,449,560 5,449,560 Var
LAIF 793774003 US Bank lnvmnt Agrrnt 1,203,338 1,203,338 1,203,336
Cash 793774011 US Bank Casll-Fiscal Agl
CFO 07-113 McMillin Otay Rnch VUg Milestone Treasury Oblig FO Prem Shr '94322000/01/03/04/05/0 US Bank Mutual rUllds 2,477,373 2,477,373 2,477,373 Var
LAIF 794322003 US Bank lnvmnt Agrmt 1,077,766 1,077,766 1,077,766
Cash 794322006 US Bank Cash-Fiscal AgI
06 Sr. Tax Alloc Ref Bonds A Milestone Treasury PS Fund # M5 103986000/05 US Bank Mutual Funds 2 2 2 Var
Rabobank tnternational NY Branch 103906003 US Bank fnvlllnt Agrml 09-Aug-2027 11-Sep-2006 1,027,945 1,027,945 1,027,945 4.900
06 Subordinate Tax Alloc Ref Bds Milestone Treasury PS Fund # M5 103987003105 US Bant( Mutual Funds 25,902 25,902 25,902 Var
CitiGroup Financial Products, Inc. GIC 103937003 US Bank Invmnt Agrml 26-Sep--2027 11-Sep-2006 1,004,365 1,004,365 1,004,365 5.097
Orange Tree MHP Cash - Interest Bearing Acct 2324-80156 B of A Restricted Cash 579,104 579,104 579,104 Var
RDA I-lousing Program Cash - Interest Bearing Accl Various B or A Restricted Cash 3,920,485 3,920,485 3,920,485 Var
COBG Housing Program Cash - Interesl Bearing Acel Various BorA Restricted Cash 369,509 369,509 369,509 Var
Grand Total as of March 31, 2008 162,180,746 172,175,905 172,175,905
F lIename:J :\fin ance\da ta \lnves t\jnv08. xl s