HomeMy WebLinkAbout2008/08/12 Item 2
CITY COUNCIL
AGENDA STATEMENT
~f:. (llY OF
H ,,~ CHULA VISTA
AUGUST 12, 2008, Item~
SUBMITTED BY:
REVIEWED BY:
INVESTMENT REPORT FOR THE QUARTER ENDED
JUNE 30, 2008
DIRECTOR OF FINA R~
CITY MANAGER
4/STHS VOTE: YES D NO [!]
ITEM TITLE:
SUMMARY
In accordance with California Government Code Section 53646 and Cow1cil Investment
Policy adopted on February 12, 2008. the quarterly investment report for the period ended
Jnne 30, 2008, has been prepared and now presented for Conncil acceptance.
ENVIRONMENTAL REVIEW
The Environmental Review Coordinator has reviewed the proposed acl1vlly for
compliance with the California Environmental Quality Act (CEQA) and has detelmined
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 repOli.
BOARDS/COMMISSION RECOMMENDATION
Not Applicable.
DISCUSSION
The Cash/Time Deposits ($7,251,966), Pooled Investment Portfolio ($180,830,737) and
Cash/Investments with Fiscal Agents ($168,969,528) continue to be invested in
accordance with the Government Code and the Council Investment Policy as adopted on
Febmary 12,2008.
During the quarter, fourteen investments totaling $46,700,000 were purchased and fifteen
investments totaling $42,000,000 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
fiscal agents.
2-1
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AUGUST 12,2008, Item ~
Page 2 of2
In April, the Federal Open Market Committee (FOMC) cut the key Fed Funds rate
another 25 basis points to 2.00% in response to negative job gro\'i1h and the continued
downturn in the housing market and credit crunch. Two-year Treasuries yielding 1.60%
at the beginning of the quarter jumped significantly to 2.62% at the end of the quarter due
to speculations that the FOMC would be raising rates in the near future to address
inflation concerns.
The combined effects of the credit crunch and declining housing prices have also had a
significant impact on two of the largest government sponsored mortgage financing
companies, Federal Home Loan Mortgage Corporate (Freddie Mac) and Federal National
Mortgage Association (FNMA). In early July, stock prices for Freddie Mac and FNMA
plummeted when industry analysts announced that these companies were experiencing
significant capital erosion as a result of the rising volume of defaults in the mortgages
they owned and guaranteed which could push them to the brink of insolvency. By the
end of July, the federal government passed legislation providing for an unspecified and
unlimited credit line and pledging federal assistance if needed to these companies.
As of June 30, 2008, the weighted average yield (average interest rate) on the Pooled
Investment Portfolio was 3.936%, which is a 0.442% decrease from the previous
quarter's 4.378%. 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 malljlity of the portfolio increased from
2.52 years to 2.60 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 l1mmg 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 I 8704.2(a)(l) is not applicable to this decision.
FISCAL IMP ACT
There is no direct fiscal impact by this action.
A TT ACHMENTS
A. Investment Report for the Quarter Ended June 30, 2008
Prepared by: Nadine !\1andelY, Treasury lYfanager, Finance Department
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CITY OF CHULA VISTA
Summary Of Cash /Investments as of June 30, 2008
Investment Type Par Value Market Value Book Value %
CashlTime Deposits Subtotal $7,251,966 $7,251,966 $7.251,966 2.03%
Pooled Investment
Federal Securities 127,700,000 127,736,623 127,677,821 35.76%
Local Agency Investment Fund 53,130,737 53,128,092 53,130,737 14.88%
Corporate Bonds 0 0 0 0.00%
Subtotal $180,830,737 $180,864,715 $180,808,558 50.64%
Cash/Investments with Fiscal Agent
U. S. Government 65,066,165 74,326,582 65,066,165 18.22%
Investment Agreements 33,268,538 33,268,538 33,268,538 9.32%
Mutual Funds 65,670,490 65,670,490 65,670,490 18.39%
~ Cash with Fiscal Agents 0 0 0 0.00%
I
w Restricted Cash 4,964,336 4,964,336 4,964,336 1.39%
Subtotal $168,969,528 $178,229,945 $168,969,528 47.33%
Totals $357,052,231 $366,346,626 $357,030,052 100.00%
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 the City of Chuia Vista as
stated in Resolution No. 2008-54 dated February 12, 2008.
bt.tf!),
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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CITY Of
CHUIA VISTA
Investments
Par
Value
Chula Vista Investment Pool
Portfolio Management
Portfolio Summary
June 30, 2008
City of Chula Vista
276 Fourth Ave
Chula Vista CA 91910
(619)691.5250
Market Book %of Days to YTM
Value Value Portfolio Term Maturity
53,128,091.98 53,130,736.88 29.39 1 1 2.894
3,023,437.50 2,999,208.33 1.66 1,093 1,088 4.268
124,711,185.81 124,678,612.50 68.96 1,507 1,350 4.372
180,862,715.29 180,808,557.71 100.00% 1,058 949 3.936
Managed Pool Accounts
Federal Agency Coupon Securities
Federal Agency CallabJes
53,130,736.88
3,000,000.00
124,700,000.00
Investments
180,830,736.88
June 30 Month En,!ing _
675,047.54
198,907,047.99
4.13%
Tota_1 Ear~~~gs___~
Current Year
Average Daily Balance
ElfeCiflf R:lurn
Philllp A. Oavis, Assistant Director of inance
Reporting period 06/01/2008~06/30J2008
Run D'lle: 07/;,>9/2008 -13.21
Fiscal Year To Date
8,848,046.99
187,311,501.87
4.71%
Fiscal Year Ending
8,848,046.99
7-2- 9-6Fi
Portfolio CHUL
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PM (PRF _PM1) SymRep1641.202b
ReporlVer 5.00
Chula Vista Investment Pool
Portfolio Management
Portfolio Details - Investments
June 30, 2008
Page 2
Average Purchase Stated Days to VTM Maturity
CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity Date
'Managed Pool Accounts
SYS10197 10197 Local Agency Investment Fund 53,130,736.88 53,128,091.98 53,130.736.88 2.694 2.894
---
Subtotal and Average 70,354,070.21 53,130,736.88 53,128,091.98 53,130,736.88 1 2.894
,- ----------~
Federal Agency Coupon Securities
31398ASL7 10489 Federal Nal'l Mtg. Assoc. DG/26/2008 3,000,000.00 3,023,437.50 2,999,208.33 4.250 1,093 1,088 4.268 06f24/2011
---
Subtotal and Average 499,868.06 3,000,000.00 3,023,437.50 2,999,208.33 1,093 1,088 4.268
----- ---- ._-,,- ---~._---
Federal Agency Callables
31331X7B2 10446 Federal Farm Credit Bank 10/17f2007 3,000,000.00 3,017,812.50 3,000,000.00 5.100 1.461 1,203 5.100 10/17/2011
31331YEB2 10452 Federal Farm Credit Bank 11/16/2007 3,000,000,00 3,052,500.00 3,000,000.00 4.840 1,827 1,599 4.840 11/16/2012
31331YQ60 10482 Federal Farm Credit Bani, 05f20/200B 4,000,000.00 3,988,750_00 4,000,000.00 3.600 1,095 1,053 3,600 OS/20/2011
3133XGNF7 10403 Federal Home loan Bank 09/08/2006 2,000,000.00 2,010,000.00 2,000,000.00 5,330 1,096 434 5.330 09/0B/200B
3133fl:dL90 10445 Federal Home Loan Bank 10/04/200'f 3,000,000.00 3,019,687.50 3,000,000.00 5,300 1,826 1,555 5.300 10/03/2012
3133XtAYPO 10451 Federal Home Loan BanI, 11/19/2007 2,000,00000 2,016,875.00 2,000,000.00 5.050 1,827 1,602 5.050 11/19/2012
3133WJ26 10458 Federal Home Loan Bank 12/19/2007 3,000,000.00 3,007,500.00 3,000,000.00 4.625 1,461 1,266 4,625 12/19/2011
3133XNUF4 10463 Federal Home Loan Bank 01/14/2008 4,000,000.00 4,030,000.00 4,000,000.00 4,700 1,827 1,658 4.700 01f14/2013
3133XP4TB 10468 Federal Home loan Bank 01/28/2008 4,000,000.00 3,995,000.00 4,000,000.00 4.200 1,827 1,672 4.200 01128/2013
3133XP3C6 10469 Federal Home Loan Bank 01129/2008 4,000,000.00 3,975,000.00 4,000,000.00 4.000 1,827 1,673 4.000 01/29/2013
3133XP6L3 10472 Federal Home Loan Bani, 01/29/2008 5,0l!0,000.00 4,993,750.00 5,000,000.00 4.200 1,827 1,673 4.200 01/29/201 3
3133XPCV4 10473 Federal Home Loan Bank 01/30f2008 5,000,000.00 4,923,437.50 5,000,000.00 4.150 1,827 1,674 4.150 01/30/2013
3133XPKV5 10474 Federal Home Loan Bani, 02/20/2008 2,000,000.00 1,983,150.00 2.000,000.00 4.000 1,827 1,695 4.000 02/20/2013
3133XQJX1 10476 Federal Home Loan Bank 04102/2008 3,000,000.00 2,918,437.50 3,000,000.00 4.000 1,826 1,736 4.000 04/02/2013
FHLB3133XQJX1 10477 Federal Home Loan Bank 04/1612008 3,000,000.00 2,907,187.50 3,000,000.00 3.750 1,826 1,750 3.750 04/16/2013
3133XQLJ9 10478 Federal Home Loan Bank 04/17/2008 2,700,000.00 2,690,718.75 2,701,912.50 4.250 1,820 1,745 4.250 04/11/2013
3128X6CX2 10433 Federal Home Loan Mortgage Co. OB/15/2007 3,000,000.00 3,069,150,00 2,998,500.00 5.400 1,096 714 5.418 06/15/2010
3128X6RNB 10453 Federal Home loan Mortgage Co 11/2612007 3,000,000.00 3,0-13,050.00 3,000,000.00 5.000 1,827 1,609 5.000 11/26/2012
3128X6RZ1 10455 Federal Home Loan Mortgage Co 12/03/2007 3,000,000.00 3,019,980.00 3,000,000.00 4.700 1,460 1,249 4,700 12/0212011
3128X6SD9 10456 Federal Home Loan Mortgage Co. 12/0512007 4,000,000.00 4,013,040.00 4,000,000.00 4,875 1,827 1,618 4.875 12/05/2012
3128X6VFO 10459 Federal Home Loan Mortgage Co 12/1712007 4,000,000.00 4,047,109.68 4,000,000.00 4.750 1,827 1,630 4.750 12/17/2012
3128X6XV3 10466 Federal Home Loan Mortgage Co 01/07/2008 3,000,000.00 3,000,990.00 3,000,000.00 4.750 1,827 1,651 4.750 01/07/2013
3128X6Y J9 10467 Federal Home Loan Mortgage Co. 01109/2008 4,000,000.00 4,021,320.00 4,000,000.00 4.500 1,827 1,653 4500 0110912013
3128X6A63 10471 Federal Home Loan Mortgage Co. 02/04/2008 3,000,000.00 2,990,340.00 3,000,000.00 4,125 1,827 1,679 4.125 0210412013
3128X63W4 10475 Federal Home Loan Mortgage Co. 02/2812008 3,000,000.00 2,996,855,13 3,000,000.00 4.375 1,827 1,703 4.363 0212812013
3128X7LK8 10480 Federal Home Loan Mortgage Co. 05/01/2008 3,000,000.00 2,974,080.00 2,998,500.00 4.050 1,826 1,765 4.061 05/01/2013
3128X7TKO 10483 Federal Home Loan Mortgage Co. OS/27/2008 4,000,000.00 4,002,500.00 4,000,000.00 3.875 1,095 1,060 3.875 OS/27/2011
3128X7TS3 10484 Federal Home Loan Mortgage Co OS/2012008 3,000,000.00 2,996,490.00 2,994,900.00 3.600 1,095 1,053 3.660 OS/20/2011
Portfolio CHUL
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Run Date: 07/2912008 -1321 PM (PRF jM2) SymRepI6.41.202b
ReporlVer. 5.00
Chula Vista Investment Pool
Portfolio Management
Portfolio Details - Investments
June 30, 2008
Page 3
Average Purchase Stated Days to YTM Maturity
::USIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity Date
-Federal Agency Callables
3128X7XU3 10486 Federal Home Loan Mortgage Co. 06/10/2008 3,000,000.00 3,003,977.34 3,000,000.00 3.500 730 709 3.500 06/10/2010
3136F8PP4 10437 Federal Nat'l Mtg. Assoc. 07/02/2007 3,000,000.00 3,000,000.00 3,000,000.00 5.375 731 366 5.375 07/0212009
3136F8QG3 10442 Federal Nat'l M19. Assoc. 07/23/2007 4,000,000.00 4,006,250,00 4,000,000.00 5.400 731 387 5.400 07f23/2009
31398AKWl 10464 Federal Nat'j Mtg_ Assoc. Gl/02/200a 4,000,000.00 4,035,000.00 4,000,000.00 4.750 1,827 1,646 4.750 01/02/2013
3136F9LC5 10479 Federal Nat'l Mtg. Assoc. 04f29/2008 3,000,000.00 2,975,273.82 3,000,000.00 4.040 1,826 1.763 4.040 04/29/2013
31398AQS4 10481 Federal Nat'l M19. Assoc 04/2812008 4,000,000.00 3,988,750.00 4,000,00000 3.500 1,095 1,031 3.500 04/28f2011
3136F9SA2 .10485 Federal Nat'j Mtg. Assoc. 0611 0/2008 3,000,000.00 2,999,160.75 3,000,000,00 3.265 730 709 3.265 06f10f2010
3136F9SU8 10487 Federal Nat'l Mlg. Assoc 06/17/2008 4,000,000.00 4,011,402.52 4,000,000.00 4.000 1,003 989 4.002 03fl1/2011
31398ASH6 10488 Federal Nat'l Mtg Assoc 06/16/2008 4,000,000.00 4,016,060.32 3,984,800.00 3.550 730 715 3.749 06/16/2010
Subtotal and Average 128,053,109.72 124,700,000.00 124,711,185.81 124,678,612.50 1,507 1,350 4.372
Total and Average 198,907,047.99 180,830,736.88 180,862,715.29 180,808,557.71 1,058 949 3.936
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:un Dale: 07/29/2006 -13:21
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PM (pRF _PM2) SymRept 6.41.202b
Chula Vista Investment Pool
Portfolio Management Page 2
Activity By Type
June 1, 2008 through June 30, 2008
Stated Transaction Purchases Redemptions
;USIP Investment # Issuer Rate Di'!te or Deposits or Withdrawals Balance
_ V1anaged Pool Accounts (Monthly Summary)
:;YS10197 10197 Local Agency Investment Fund 2.694 14,000,000.00 30,200,000.00
Subtotal 14,000,000.00 30,200,000.00 53,130,736.88
=ederal Agency Coupon Securities
H398ASL7 10489 Federal Nat'l Mtg. Assoc. 4.250 06/26/2008 2,998.500,00 0,00
Subtotal 2,998,500.00 0.00 2,999,206.33
=ederal Agency Callables
31339X3F9 10302 Federal Home Loan Bank 3.000 06/12/2008 0.00 2,000,000,00
3133Xl2AO 10429 Federal Home Loan Bank 5.300 06/11/2008 0.00 1,999,000,00
3133XLBS1 10434 Federal Home Loan Banl~ 5.500 06/25/2008 0.00 2,000,000.00
3133XNHE2 10454 Federal Home Loan Bank 5.000 06/03/2008 0.00 4,000,000.00
3133XNHB8 10457 Federal Home loan Bank 4.700 06/06/2008 0.00 3,000,000.00
112B~H7 10435 Federal Home Loan Mortgage Co 5.310 06/25/2008 0,00 3,000,000.00
H28X'6-UL8 10460 Federal Home Loan Mortgage Co 5.000 06/11/2008 0.00 2,998,016.67
l128X7XU3 10486 Federal Home Loan Mortgage Co 3.500 06/10/2008 3,000,000.00 0,00
l136F3VS2 10296 Federal Nat'1 Mtg. Assoc. 3.000 06/04/2008 0.00 2,998,500.00
l136F3XSO 10305 Federal Nat'l Mtg. Assoc. 3.000 06/12/2008 0,00 2,000,000.00
l136F8YM1 10462 Federal Nat'1 Mtg. Assoc. 5.000 06/12/2008 0.00 3,003,750.00
l136F9SA2 10485 Federal Nat'l Mtg. Assoc 3.265 06/10/2008 3,000,000.00 0.00
l136F9SUB 10487 Federal Nat'l Mt9. Assoc. 4.000 06/17/2008 4,000,000.00 0.00
l1398ASH6 10488 Federal Nat'l Mtg. Assoc. 3.550 06/16/2008 3,984,800.00 0.00
Subtotal 13,984,800.00 26,999,266.67 124,678,612.50
Total 30,983,300.00 57,199,266.67 180,808,557.71
un Dale: 0712912006 -13:26
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Chula Vista Investment Pool
Portfolio Management Page 3
Activity Summary
June 2007 through June 2008
__~~~--.!~ Maturity Managed Number Number
lI10nth Number of Total 360 365 Pool of Investments of Investments Average Average
:nd Year Securities Invested Equivalent Equivalent Rate Purchased Redeemed Term Days to Matl:lrity
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
~ugust 2007 57 187,127,241.67 4.915 4.984 5.253 2 6 689 354
3eptember 2007 51 183,164,031.67 4.898 4.966 5.231 0 6 666 325
)ctober 2007 42 174,293,968.55 4.878 4.946 5.137 2 11 631 313
"ovember 2007 38 170,456,281.88 4.856 4.924 5.137 6 10 692 401
)ecember 2007 39 175,459,631.88 4691 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
=ebruary 2008 42 183,529,132.70 4.413 4.475 4.161 3 4 1,105 905
V1arch 2008 40 176,229,132.70 4.318 4.378 3.770 0 2 1,118 919
D..pril 2008 44 193,591,946.05 4.160 4.218 3.400 5 1 1,139 949
V1ay ~ 2008 44 207,023,816.05 4061 4.117 3.400 4 4 1,056 894
June I 2008 39 180,808,557.71 3.882 3.936 2.894 5 10 1,058 949
ee
Average 46 186,279,109.97 4.57111/1;1 4.634% 4.485 4 6 670 620
un Date. 0712912006-13:28
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Chula Vista Investment Pool
Portfolio Management Page 4
Distribution of Investments By Type
June 2007 through June 2008
June July August September October November December January February Marcil April May June Average
Security Type 2007 2007 2007 2007 2001 2007 2007 200B 2008 2008 2008 2008 2008 by Period
,Managed Pool Accounts 24.0 23.5 23.9 30.4 40.1 44.5 39.8 36.2 30.8 30.2 29.4 33.5 29.4 32.0%
Passbook/Checking Accounts
Federal Agency Coupon Securities 14.1 11.9 7.9 3.7 2.2 1.7 3.2%
Federal Agency Callables 57.8 60.8 62.5 60.1 51.6 49.3 54.1 60.8 67.6 68.1 69.1 66.5 69.0 61.3"%
Corporate Coupon Bonds 4.1 3.8 5.7 5.8 6.1 6.2 6.1 3.0 1.7 1.7 1.6 3_5%
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UIl Dale: 07l291200!l- 13:28
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Chula Vista Investment Pool
Received Interest
Sorted by Date Received - Grouped by Fund
Received June 1,2008 - June 30,2008
City of Chula Vista
276 Fourth Ave
Chula Vista CA 91910
(619)691-5250
CITY OF
CHUIA VISTA
Dale Received
CUSIP
Investment #
Security
Type
Par Current
Value Rate
Date Due Date Received
Interest
Amount Due
Amount Received
Variance
Fund: Chula Vista Investment Pool
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I
3128X6RZ1 10455 MC1 3,000,000.00 4.700 06/02/2008 06/02/2008 70,108.33 70,108.32 ~O_O1
3133XNHE2 10454 MC1 0.00 5.000 DB/03/200B 06/03/2008 100,000.00 100,000.00
3136F3VS2 10296 MC1 0.00 3.000 06/04/2008 06/0412008 45,000.00 45,000.00
3128X6SD9 10456 MC1 4,000,000.00 4.875 06/05/2008 06/0Sf2008 97,500.00 97,500,00
3133XNHB8 10457 MC1 0,00 4.700 06/06/2008 06/06/2008 70,500.00 70,500.00
3133XL2AO 10429 MC1 0.00 5.300 06/11/2008 06/11/2008 53,000.00 53,000.00
3128X6UL8 10460 MC1 0.00 5.000 06/11/2008 06/11/2008 75,000.00 75,000.00
31339X3F9 10302 MC1 0.00 3.000 06/12/2008 0611212008 30,000.00 30,000.00
3136F3XSO 10305 MC1 0.00 3.000 06/1212008 06/12/2008 30,000.00 30,000.00
3136F8YMl 10462 MC1 0.00 5.000 06/12/2008 06/12/2008 75,000.00 75,000.00
3128X6CX2 10433 MC1 3,000,000.00 5.400 06/15/2008 06/16/2008 81,000.00 81,000.00
3128X6VFO 10459 MC1 4,000,000.00 4.750 06/17/2008 06/17/2008 95,000.00 95,000.00
3133XNJ26 10458 MC1 3,000,000.00 4.625 06/19/2008 06/19/2008 69,375.00 69,375.00
3133XLBS 1 10434 MC1 0.00 5.500 06/25/2008 06/25/2006 55,000.00 55,000.00
3128X6CH7 10435 MC1 0.00 5.310 06/25/2008 06/25/2008 79,650.00 79,650.00
Subtotal 1,026,133.33 1,026,133.32
Chula Vista Investment Pool Subtotal 1,026,133.33 1,026,133.32
Total 1,026,133.33 1,026,133.32
Total Cash Overpayment 0.00
Total Cash Shortfall -0.01
June 2008
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Hun Dale 08/05/2008 -17:54
Portfolio CHUL
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Rf (PRF _Rf) SymRept 641.202b
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Chula Vista Investment Pool
Portfolio Management
Interest Earnings Summary
June 30, 2008
Page 5
June 30 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
6,177,270.40
1,357,64196
( 1,562,800.09)
( 37,037.50)
5,935,074.77
190,093.33
6,125,16810
0.00
0.00
0.00)
0.00)
0.00
0.00
0.00
0.00
2,991,785.85
888,073.06
1,156,980.02)
2,722,878.89
8,657,953.66
190,093.33
8,848,046.99
1,026,133.32
1,357,641.96
1,908,788.76)
708.33)
Interest Earned during Period
Adjusted by Capital Gains or Losses
474,278.19
4,900.00
Earnings during Periods
479,178.19
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Pass Through Securities:
Interest Collected
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
Less Accrued Interest at Purchase During Period
0.00
0.00
0.00)
0.00)
0.00
0.00
0.00
Interest Earned during Period
Adjusted by Premiums and Discounts
Adjusted by Capital Gains or Losses
Earnings during Periods
0.00
Cash/Checking Accounts:
Interest Collected
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
0.00
888,073.06
692,203.71 )
Interest Earned during Period
195,869.35
Total Interest Earned during Period
Total Capital Gains or Losses
670,147.54
4,900.00
Total Earnings during Period
675,047.54
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CITY OF
CHUIA VlSfA
Chula Vista Investment Pool
Accrued Interest
Sorted by Issuer. Investment Number
June 1,2008. June 30, 2008
Par Maturity Current
Value Date Rate
3,000,000.00 10/17/2011 5.100
3,000,000.00 l1t16/20l2 4.840
4,000,000.00 OS/20/2011 3.600
10,000,000.00
CUSIP
Security
Type
Investment #
Federal Farm Credit Bank
31331X7B2
31331YEB2
31331YQ60
MC1
MC1
MC1
10446
10452
10482
Subtotal
-------..- .._--~--------
Federal Home Loan Bank
31339X3f'9 10302 MC1 0.00 06/l2/200S
3133XGNF7 10403 MC1 2,000,000.00 09/08f2009
3133Xl2AO 10429 MC1 0.00 06/1112010
3133XLBSl 10434 MC1 0.00 D6/25/201D
3133XML90 10445 MC1 3,000,000.00 10f03f2012
3133XMYPO 10451 MC1 2,000,000.00 11/19/2012
3133~E2 10454 MC1 0.00 12/03f2012
3133.x.NH88 10457 MC1 0.00 12/06/2011
3133~26 10458 MC1 3,000,000.00 12119f2011
3133XNUF4 10463 MC1 4,000,000.00 01/14f20n
3133XP4TB 10468 MC1 4,000,000.00 01/28/2013
3133XP3C6 10469 MC1 4,000,000.00 01/29/2013
~133XP6L3 10472 MC1 5,000,000.00 01/2912013
3133XPCV4 10473 MC1 5,000,000.00 01/3012013
3133XPKV5 10474 MC1 2,000,000.00 02/20/2013
3133XQJXl 10476 MC1 3,000,000.00 04/02/2013
~HLB3133XQJX1 10477 MC1 3,000,000.00 04/16/2013
3133XQLJ9 10478 MC1 2}00,000.00 04/11/2013
Subtotal 42,700,000.00
=ederal Home Loan Mortgage Co.
3128X6CX2 10433 MC1 3,000,000.00 06/15/2010
3128X6CH7 10435 MC1 0.00 06/25/2009
3128XfiRN8 10453 MC1 3,000,000.00 11/26/2012
3128X6RZ1 10455 MC1 3,000,000.00 12/02/2011
3128X6SD9 10456 MC1 4,000,000.00 12/05/2012
3128X6VF.0 10459 MC1 4,000,000.00 12/17/2012
3128X6UL8 10460 MC1 0.00 12/11/2012
3128X6XV3 10466 MC1 3,000,000.00 01107/2013
3.000
5.330
5.300
5.500
5.300
5.050
5.000
4.700
4.625
4.700
4.200
4.000
4.200
4.150
4.000
4.000
3.750
4.250
5.400
5.310
5.000
4.700
4.875
4.750
5,000
4.750
* Beginning
Accrued Interest
Adjusted Acc'd Int.
at Purchase
During Period
City of Chula Vista
276 Fourth Ave
Chula Vista CA 91910
(619)691-5250
Interest Interest * Ending
Earned Received Accrued Interest
12,750.00 0.00 31,450.00
12,100,00 0.00 18,150,00
12,000.00 0.00 16,400.00
36,850,00 0.00 66,000,00
1,833.33 30,000.00 0.00
8,883.34 0,00 33,460.56
2,944.44 53,000,00 0.00
7,333.33 55,000,00 0.00
13,250.00 0.00 38,866.66
8,416.66 0.00 11,783.33
1,111.11 100,000.00 0.00
1,958.33 70,500.00 0.00
11,562.50 69,375.00 4,625.00
15,666.67 0.00 87,211.11
14,000.00 0.00 71,400.00
13,333.34 0.00 67,555.56
17,500.00 0.00 88,666.67
17,291.66 0.00 87,034.72
6,666.67 0.00 29,111.11
10,000.00 0.00 29,666.67
9,375.00 0.00 23,437.50
9,562.50 0.00 25,500.00
170,668.88 377,875.00 598,318.89
13,500.00 81,000.00 7,200.00
10,620.00 79,650.00 0.00
12,500.00 0.00 14,583,33
11,750.00 70,108.32 11,358.35
16,250.00 97,500.00 14,083.33
15,833.33 95,000.00 7,388.89
4,166.67 75,000.00 0.00
11,875.00 000 68,875.00
Beginning Accrued may not include investments that redemed in the previous month that had outstanding accrued interest. Ending Accrued includes outstanding purchase interest.
Portfolio CHUL
CC
1I11Dale.07l29/2008-13:35
18,700.00 0.00
6,050.00 0.00
4,400.00 0.00
29,150.00 0.00
28,166.67 0.00
24,577.22 0.00
50,055.56 0.00
47,666.67 0.00
25,616.66 0.00
3,366.67 0.00
98,868.69 0.00
68,541.67 0.00
62,437.50 0.00
71,544.44 0.00
57,400.00 0.00
54,222.22 0.00
71,166.67 0.00
69,743.06 0,00
22,444.44 0.00
19,666.67 0.00
14,062.50 0.00
15,937.50 0.00
805,505.01 0.00
--.-.-----
74,700.00 0.00
69,030.00 0.00
2,083.33 0.00
69,716.67 0.00
95,333.33 0.00
86,555.56 0.00
70,833.33 0.00
57,000.00 0.00
AI (PRF _AI) SymHepI6.41,202b
Heport Ver, 5,00
Chula Vista Investment Pool
Accrued Interest
Sorted by Issuer - Investment Number Page 2
Adjusted Acc'd Int.
Security Par Maturity Current .. Beginning at Purchase Interest Interest . Ending
CUSIP Investment # Type Value Date Rate Accrued Interest During Period Earned Received Accrued Interest
::ederal Home loan Mortgage Co.
1128X6Y J9 10467 MC1 4,000,000.00 01/09/2013 4.500 71,000.00 0.00 '15,000.00 0.00 86,000.00
3128X6A63 10471 MC1 3,000,000,00 02/04/2013 4.125 40,218.75 0.00 10,312.50 0.00 50,531.25
}128X63W4 10475 MC1 3,000,000.00 02/28/2013 4.375 33,906.25 0.00 10,937.50 0.00 44,843,75
} 128X7LK8 10480 Me'l 3,000,000.00 0510112013 4.050 10,125.00 0.00 10,125.00 0.00 20.250.00
3128X7TKO 10483 MC1 4,000,000.00 05127/2011 3.875 1,722.22 0.00 12,916.67 0.00 14,638.89
'I128X7TS3 10484 MC1 3,000,000.00 OS/20/2011 3.600 3,300.00 0.00 9,000.00 0.00 12,300.00
3128X7XU3 10486 MC1 3,000,000.00 06/10/2010 3.500 0.00 0.00 6,125.00 0.00 6,125.00
Subtotal 43,000,000.00 685,524.44 0.00 170,911.67 498,258.32 358,117.79
---.--.-.---.----- ---- ~---,-_.
Federal Nat'l Mtg. Assoc.
3136F3VS2 10296 MC1 0.00 06/04/2008 3.000 44,250,00 0.00 750.00 45,000.00 0.00
'1136F3XSO 10305 Me! 0.00 06/12/2008 3.000 28,166.67 0.00 1,833.33 30,000.00 0.00
313BF8PP4 10437 Me1 3,000,000.00 07/02/2009 5.375 66,739.58 0.00 13,437.50 0.00 80,177.08
'I136F8QG3 10442 MC1 4,000,000.00 07/23/2009 5.400 76,800.00 0.00 18,000.00 0.00 94,800.00
H36f8YMl 10462 MC1 0.00 12/12/2012 5.000 70,416.67 0.00 4,583.33 75,000.00 0.00
31398AKWl 10464 MC1 4,000,000.00 01/02/2013 4.750 78,638.89 0.00 15,833.33 0.00 94.472.22
H36~5 10479 MC1 3,000,000,00 04/29/2013 4.040 10,773.33 0.00 10,100.00 0.00 20,873.33
H398Ai1lS4 10481 MC1 4,000,000.00 04/28/2011 3.500 12,833.33 0.00 11,666.67 0.00 24,500.00
1136FWA2 10485 MC1 3,000,000.00 06/10/2010 3.265 0.00 0.00 5,713.75 0.00 5,713,75
1136F9SU8 10487 MC1 4,000,000.00 03/17/2011 4.000 0,00 0.00 6,222.22 0.00 6,222.22
l1398ASH6 10488 MC1 4,000,000.00 06/16/2010 3.550 0,00 0.00 5,916.67 0.00 5,916,67
l1398ASL7 10489 FAG 3,000,000.00 06/24/2011 4.250 0.00 708,33 1,770.84 0.00 2,479,17
Subtotal 32,000,000.00 388,618.47 708.33 95,827.64 150,000.00 335,154.44
----- ----..-
_ocal Agency Investment Fund
3YS10197 10197 LA1 53,130,736.88 2.894 692,203.71 0,00 195,869.35 0.00 888,073.06
Subtotal 53,130,736.88 692,203.71 0.00 195,869.35 0.00 888,073.06
Total 180,830,736.88 2,601,001.63 708.33 670,147.54 1,026,133.32 2,245,724.18
Beginning Accrued may not include investments that redemed in the previous month that had outstanding accrued interest. Ending Accrued includes outstanding purchase interest.
Portfolio CHUl
CC
un Dale: 07129/2008, 1335
AI (PRF _AI) SymRep\ 6.41.202'-'
ReportVe.. 5.00
~~~ City of Chula Vista
:-~~; Chula Vista Inve tment Pool 276 Fourth Ave
~~~~ Realized Gains nd ILosses Chula Vista CA 91910
(619)691-5250
CllY OF Sorted By Maturity/ ale/pall Date
:HUlA VISTA Sales/Calls/Maturities: June , 2008 - June 30, 2008
westmant # Inv. Purchase Par Value Sale Date Days Held Maturity/Sale Realized Total Total Total
-- --
.suer Type Date Current Rate Maturity Date Term Boo Valu~ Proceeds Gain/Loss Earnings Net Earnings Yield 365
MC1 06/0312008 I 4,000,000.00 0.00 100,000.00 100,000.00 4.986
0454 12/03/2007 4,000,000.00 183 4,00 ,000.010
edaral Home Loan Bank 5.000 12/0312012 1,827
0296 MC1 06104/2003 3,000,000.00 06/0412008 1,827 2,99 ,500,! 3,000,000.00 1,500.00 450,000.00 451,500.00 3.008
'aderal Nat'l Mtg. Assoc. 3.000 06/04/2008 1,627
0457 MC1 12/06/2007 3,000,000.00 06/06/2008 183 3,00 .ooo.y 3,000,000.00 0,00 70,500.00 70,500.00 4.687
'ederal Home Loan Bank 4.700 12/06/2011 1,461
0429 MC' 06/11/2007 2,000,000.00 06/11/2008 366 1,99 ,OOO'T 2,000,000.00 1,000.00 106,000.00 107,000.00 5.338
ederal Home Loan Bank 5.300 06/11/2010 1,096
0460 MC1 12/12/2007 3,000,000.00 06/11/2008 182 2,99 ,016.y 3,000,416.67 2,400.00 74,583.33 76,983.33 5.150
:ederal Home Loan Mortgage Co. 5.000 12/11/2012 1,826
0302 MC1 06/1212003 2,000,000.00 06/1212008 1,827 2,00 ,DOO'r 2,000,000.00 0.00 300,000.00 300,000.00 2.997
;ederal Home Loan Bank 3.000 06/12/2008 1,8.27
0305 MC1 06/1212003 2,000,000.00 06/12/2008 1,827 2,00 ,000.010 2,000,000.00 0.00 300,000.00 300,000.00 2.997
'edarHat'J Mlg. Assoc. 3.000 06/1212008 1,827
0462~ MC1 12121/2007 3,000,000.00 06/12/2008 174 3,00 ,750.00 3,003,750.00 0.00 71,250.00 71,250.00 4.976
'ederqJ:iilat'J Mlg. Assoc. 5.000 12112/2012 1,818 I
0434 MC1 06/25/2007 2,000,000.00 06/25/2008 366 2,00 ,000.00 2,000,000.00 0.00 110,000.00 110,000.00 5.485
:ederal Home Loan Bank 5.500 06/25/2010 1,096 ,ooo.do
0435 MC1 06/25/2007 3,000,000.00 06/25/2008 366 3,0 3,000,000.00 0.00 159,300.00 159,300.00 5.295
:ederal Home Loan Mortgage Co. 5.310 06/2512009 731 I
I V
Total Realized GainslLosses 26,99 ,266.67 27,004,166.67 4,900.00 1,741,633.33 1,746,533.33 4.553
unDate:07l161Z00B-16:51
Portfolio CHUL
CC
CG (PRF _CGR1) SymRept 6.41.202b
ReportVer.5.00
Schedule of Cash/Investments with Fiscal Agent
as of June 3D, 2008 Maturity Purchase Contractual Federal
Bond Issue Security Description Trust Acet # Type Date Date Par Value Mkt Value Cost Yield
94 CV Pension Oblig Bd 1st American Trs Oblig CL 0 Corp Tr 95439640 Mutual Funds 0 0 0 Var
COP 2000A Financing Proj Milestone Treasury Oblig FD Prem Shr 94418720/21/24 Mutual Funds 357,585 357,585 357,585 Var
AIG-MF LLC Invest Agrmt 94418721 Invtmnt Agrmt 27-Aug-20 11-0ct-00 1,888,983 1,888,983 1,888,983 6.340
RDA 2000 Tax Alloc Bonds AMBAC CAP Funding 94418822 Invtmnt Agrmt 01-Sep-30 31-0ct-00 1,204,753 1,204,753 1,204,753 6.180
Milestone Treasury Oblig FD Prem Shr 94418820/1/4 Mutual Funds 3,223,897 3,223,897 3,223,897 Var
CV Public Financing Authority Milestone Treasury Oblig FD Prem Shr 30300/1/2/3/4/5/8/9/10/1' Mutual Funds 4,699,874 4,699,874 4,699,874 Var
2001-1/2001-2 RAD Trinity Plus Funding Co Invst Agrmt 94430303 Invtmnt Agrmt 02-Sep-17 04-Sep-01 1,201,778 1,201,778 1,201,778 5.600
Trinity Plus Funding Co Invst Agrmt 94430312 Invtmnt Agrmt 02-Sep-17 04-Sep-0 1 426,500 426,500 426,500 5.600
2002 COP Police Facilities MBIA, Inc. Investment Agreement 94445202 lnvmnt Agrmt 01-Aug-32 20-Jun-2002 2,031,750 2,031,750 2,031,750 5.835
Milestone Treasury ObJig FD Prem Shr 94445200/2/4 Mutual Funds 105,257 105,257 105,257 Var
CFD 06-1 Improvement Area A Cash 94477000 Cash-Fiscal Agt
Milestone Treasury Oblig FD Prem Shr 94477000/3/4/5/6/9/10 Mutual Funds 6,275,588 6,275,588 6,275,588 Var
Local Agency Investment Fund 94477005/6/9 Invmnt Agrmt 4,894,218 4,894,218 4,894,218 Var
2003 Refunding Cert of Participation FSA Capital Mgmt Invst Agreement 94652201 Invmnt Agrmt 01-Sep-12 11.Jun-03 1,132,000 1,132,000 1,132,000 3.100
Milestone Treasury Oblig FD Prem Shr 94652200/1 Mutual Funds 7 7 7 Var
CFD 2001 ~2 McMilIin-Otay Ranch 6 Milestone Treasury Oblig FD Prem Shr 1658900/03/04/05/08/091' Mutual Funds 1,900,496 1,900,496 1,900,496 Var
Cash 94658900-10 Cash-Fiscal Agt
CFD 08-1 Otay Ranch Village 6 Milestone Treasury Oblig FO Prem Shr 2100/03/04/05/06/07/101' Mutual Funds 3,516,069 3,516,069 3,516,069 Var
LAIF 94682105/12 Invmnt Agrmt 3,698,283 3,698,283 3,698,283
Cash 94682100 Cash-Fiscal Agt
CFD 07-1 McMillin Otay Rnch VlIg 11 Milestone Treasury ObJig FD Prem Shr '84708000/03/04/05/06/0 Mutual Funds 1,386,896 1,386,896 1,386,896 Var
LAIF 784708003/06 Invmnt Agrmt 2,360,442 2,360,442 2,360,442
Cash 784708010 Cash-Fiscal Agt
CFD 06-1 Improvement Area B Milestone Treasury Oblig FD Prem Shr 786104000/3/4/5 Mutual Funds 3,430,253 3,430,253 3,430,253 Var
"" Cash 786104000-08 Cash-Fiscal Agt 0
20q4 COP Civic Center Phase I BNY Hamilton Trsy Money FD Premier 325540-44 Mutual Funds 1,036,993 1,036,993 1,036,993 Var
~ FSA Capital Management Services LLC 325544 Invmnt Agrmt 01-Mar-34 16-Sep-04 2,395,911 2,395,911 2,395,911 5.205
en Cash Cash-Fiscal Agt
2006 COP Civic Center Phase II BNY Hamilton Trsy Money FD Premier 145756/57/58/68/69 Mutual Funds 49,680 49,680 49,680
FSA Investment Agreement 145757 Invmnt Agrmt 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 Shr 790488000+_ Mutual Funds 16,371,915 16,371,915 16,371,915 Var
Citigroup GIC #871615.1 Reserve Accounts Invmnt Agrmt 01-Sep-2032 6,436,873 6,436,873 6,436,873 4.889
US Treasury Escrow Accounts US Trsy Notes 65,066,165 74,326,582 74,326,582 Var
Cash Cash-Fiscal Agt
CFD 01-1 Improvement Area B Milestone Treasury Oblig FO Prem Shr 792183003-10 Mutual Funds 8,261,605 8,261,605 8,261,605 Var
CFD 12-1 McMillin Otay Rnch VlIg 7 Milestone Treasury Oblig FD Prem Shr '91949000/4/5/6/7/8/11/t Mutual Funds 6,376,093 6,376,093 6,376,093 Var
AIG Matched FOG Corp Invst Agrmt 791949005/11/12 Invmnt Agrmt
CFD 13-1 Otay Ranch VlIg 7 Milestone Treasury Oblig FD Prem Shr 774000/03/04/05/06/07/0, Mutual Funds 5,758,358 5,758,358 5,758,358 Var
LAIF 793774003 lnvmnt Agrmt 1,203,338 1,203,338 1,203,338
Cash 793774011 Cash-Fiscal Agt
CFO 07 -IB McMillin Otay Rnch Vllg 11 Milestone Treasury Oblig FD Prem Shr '94322000/01/03/04/05/0' Mutual Funds 2,919,920 2,919,920 2,919,920 Var
LAIF 794322003 Invmnt Agrmt 1,088,939 1,088,939 1,088,939
Cash 794322006 Cash-Fiscal Agt
06 Sr. Tax Alloc Ref Bonds A Milestone Treasury PS Fund # M5 103986000/05 Mutual Funds 2 2 2 Var
Rabobank International NY Branch 103986003 Invmnt Agrmt 09-Aug-2027 11-Sep-2006 1,027,948 1,027,948 1,027,948 4.980
06 Subordinate Tax Alloc Ref Bds Milestone Treasury PS Fund # M5 103987003/05 Mutual Funds 1 1 1 Var
CitiGroup Financial Products, Inc. GIC 103987003 Invmnt Agrmt 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 Restricted Cash 582,912 582,912 582,912 Var
RDA Housing Program Cash - Interest Bearing Acct Various Restricted Cash 4,011,729 4,011,729 4,011,729 Var
COBG Housing Program Cash - Interest Bearing Acct Various Restricted Cash 369,695 369,695 369,695 Var
Grand Total as of June 30, 2008 168,969.528 178,229,945 178,229,945
Filename:J :\finance\data\invest\inv08.xls
j:finance\data\in....est\lnv08.xls
City of Chula Vista
Cash and Investments
30-Jun-08
** 0 RAFT **
INVESTMENTS
Bank of New York Custodial Account
State of CA Local Investment Agency Fund
State of CA Local Investment Agency Fund
Accrued I nterest 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 06/30/2008
Cash/Time Deposits as of 06/30/2008
j:financeldatalCash and Investments FY0708.June 36~~&.xls
Amount
127,675,200
14,143,132
38,987,605
180,805,937
(440,589)
(440,589)
6,832,645
(278)
(10,377)
115,176
6,937,166
4,800
4,800
310,000
310,000
187,617,313
7,251,966