HomeMy WebLinkAbout2008/11/04 Item 7
CITY COUNCIL
AGENDA STATEMENT
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~ \ ft.. CllY OF
~CHULA VISTA
NOVEMBER 4, 2008, Item~
ITEM TITLE:
INVESTMENT REPORT FOR THE QUARTER ENDED
SEPTEMBER 30, 2008
DIRECTOR OF FINANCE/TRE~RER-./J~
INTERIM CITY MANAGER <7-)
DEPUTY CITY MANAGER .'f;//
4/STHS VOTE: YES D NO 0
SUBMITTED BY:
REVIEWED BY:
SUMMARY
In accordance with Calilornia Government Code Section 53646 and Council Investment
Policy adopted on February 12, 2008, the qualierly investment report for the period ended
September 30, 2008, has been prepared and now presented for Council acceptance.
ENVIRONMENT AL REVIEW
The Environmental Review Coordinator has reviewed the proposed acl1 Vlty 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 ($5,688,927) Pooled Investment Portlolio ($183,139,803) and
Cash/Investments with Fiscal Agents ($157,755,440) continue to be invested in
accordance with the Government Code and the Council Investment Policy as adopted on
February 12,2008.
During the quarter, three investments were purchased and four investments totaling
$13,000,000 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.
7-1
NOVEMBER 4,2008, Item l
Page 2 0 f 3
The Federal Open Market Committee (FOMC) held the key Fed Funds rate at 2.00% in
light of negative job growth and the continued downturn in the housing market and credit
crunch. The weakening economy is also negatively affecting retail sales. Two-year
Treasuries yielding 2.62% at the beginning of the quarter dropped significantly to 1.98%
at the end of the quarter due to a "flight to quality" caused by global market volatility.
In September, the federal government placed two of the largest government sponsored
mortgage financing companies, Federal Home Loan Mortgage Corporation (Freddie
Mac) and Federal National Mortgage Association (FNMA) under federal
conservatorship. These agencies are now being managed by their federal regulator, and
the Treasury has promised to provide financial support as needed. September also
marked the end for several other financial giants. Lehman Brothers, the fourth largest
Wall Street investment bank, declared bankruptcy, 'Menill Lynch, the third largest Wall
Street firm, agreed to be purchased by Bank of America, and AIG, the largest insurance
company in the U.S., needed an $85 billion emergency loan from the federal government
to avoid bankruptcy and more crisis in the financial world. Banks were also affected as
Washington Mutual was seized by the Federal Deposit Insurance Corporation (FDIC),
and its assets were sold to lP Morgan in what is officially the nation's largest bank
failure. Wachovia, the nation's fomih largest bank, was also struggling financially and is
cunently being sold to Wells Fargo.
In order to avoid a systemic collapse of the financial system, the Treasury and the Federal
Reserve are working together to manage the crisis. . The Federal Reserve has provided
huge levels of liquidity in the market by nationalizing several large firms and facilitating
the takeovers of others. The Treasury has tentatively structured a $700 billion plan that
involves the government's purchase of impaired assets from various banks and
investment firms in an effort to restore liquidity to the banks, repair their credit standings
and stimulate lending to businesses and consumers. The effects of the bailout plan will
take months to be realized, and forecasts for the remainder of the year call for slower
economic growth and low consumer confidence.
As of September 30, 2008, the weighted average yield (average interest rate) on the
Pooled Investment Portfolio was 3.794%, which is a .142% decrease trom the previous
quarter's 3.936%. This decrease is primarily attributable to higher yielding investments
maturing and being reinvested at the cunent lower interest rates.
At the end of this quarter, the weighted average maturity of the portfolio decreased from
2.60 years to 2.43 years due to the purchase of shorter term investments now yielding
higher rates than longer term investments, and still remains within the Council Policy of
less than 3.0 years.
Considering the projected lImmg of cash receipts and disbursements, including the
proceeds from the Tax and Revenue Anticipation Note bonowirig and the structure ofthc
Pooled Investment Portfolio, the City should be able to comfortably meet overall cash
flow needs over the next six months.
7-2
NOVEMBER 4,2008, [teml
Pag~ 3 of 3
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 IMPACT
There is no direct fiscal impact by this action
ATTACHMENTS
A. Investment Report for the Quarter Ended September 30, 2008
Prepared by: Nadine /vlandeJY, Treaswy lvlanager, Finance Department
7-3
CITY OF CHULA VISTA
Summary of Cash /Investments as of September 30, 2008
Investment Type Par Value Market Value Book Value %
Cash/Time Deposits Subtotal $5,688,927 $5,688,927 $5,688,927 1.64%
Pooled Investment
Federal Securities 124,700,000 121,567,410 124,668,446 3597%
Local Agency Investment Fund 58,439,803 58,389,410 58,439,803 16.86%
Corporate Bonds 0 0 0 0.00%
Subtotal $183,139,803 $179,956,820 $183,108,249 52.84%
Held by Bank Trustee/Fiduciary Funds
U. S. Government 58,109,566 67,275,427 58,109,566 16.77%
Investment Agreements 27,600,584 . 27,600,584 27,600,584 7.96%
Mutual Funds 57,786,045 57,786,045 57,786,045 16.67%
-.I Cash with Fiscal Agents 0 0 0 0.00%
I Restricted Cash 14,259,245 14,259,245 14,259,245 4.11%
~
Subtotal $157,755,440 $166,921,301 $157,755,440 45.52%
Totals $346,584,171 $352,567,049 $346,552,617 100.00%
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 Investmer:lt Policy of the City of Chula
Vista as stated in Resolution No. 2008-54 dated February 12, 2008. .
JP\l!\'~ ~i' \^ CldctJ'L~-:
I-I Maria ach~Joonan
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
CHULA VISTA
Investments
Managed Pool Accounts
Feqeral Agency Coupon Securities
Federal Agency Callables
Investments
Par
Value
58,439,803.24
3,000,000.00
121,700,000.00
183,139,803.24
Chula Vista Investment Pool
Portfolio Management
Portfolio Summary
September 30, 2008
Market
Value
58,389,410.36
3,020,625.00
121,567,409.75
Book
Value
58,439,80324
2,999,208.33
121;669,237.50
182,977,445.11
183,108,249.07
%of
Portfolio
31.92
1.64
66.45
100.00%
Term
1
1,093
1,529
1,035
Days to
Maturity
1
996
1,309
888
City of Chula Vista
276 Fourth Ave
Chula Vista CA 91910
(619)691-5250
3.794
YTM
2.774
4.268
4.273
Total Earnings
Current Year
Average Daily Balance
September 30 Month Ending
583,619.14
184,994,015.74
E1ctive;;U~a
Phillip A. Davis, Assistant Director of Finance
Run Dale: 10/27/2008-11:10
Reporting period 09/01/2008-09/30/2008
3.84%
Fiscal Year To Date
1,849,025.30
194,980,051.02
3.76%
/t.>- 28 -1)3
Portfolio CHUL
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PM (PRF_PM1) SymRepI6.41.202tJ
ReporlVer. 5.00
Chula Vista Investment Pool
Portfolio Management Page 2
Portfolio Details - Investments
September 30, 2008
Average Purchase Stated Days to YTM 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 58,439,803.24 58,389,410.36 58,439,803.24 2.774 2.774
---
Subtotal and Average 57,716,469.91 58,439,803.24 58,389,410.36 58,439,803.24 2.774
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Federal Agency Coupon Securities
31398ASL7 10489 Federal Nat'1 Mtg. Assoc. 06/26/2008 3,000,aoo.00 3,020,625.00 2,999,208.33 4.250 1,093 996 4.268 06/24/2011
---
Subtotal and Average 2,999,208.33 3,000,000.00 3,020,625.00 2,999,208.33 1,093 996 4.268
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Federal Agency Callables
3128X67H3 10490 Federal Home Loan Mortgage Co. 07/02/2008 3,000,000.00 2,967,450.00 2,990,625.00 3.250 616 525 3.440 03/10/2010
3128X7XU3 10486 Federal Home Loan Mortgage Co. 06/10/2008 3,000,000.00 3,002,706.00 3,000,000.00 3.500 730 617 3.500 06/10/2010
3136F9SA2 10485 Federal Nat'l MtD. Assoc 06/10/2008 3,000,000.00 :?,999,062.50 3,000,000.00 3.265 730 617 3.265 06/10/2010
3128X6CX2 10433 Federal Home Loan Mortgage Co. 06/15/2007 3,000,000,00 3,050,460,00 2,998,500.00 5.400 1,096 622 5.418 06/15/2010
31398ASH6 10488 Federal Nat'l Mlg. Assoc. 06/16/2008 4,000,000.00 4,016,250.00 3,98~,BOO.OO 3.550 730 623 3,749 06/16/2010
-sm98AQS4 10481 Federal Nat'1 Mlg. Assoc. 04/28/2008 4,000,000.00 4,003,750.00 4,000,000.00 3.500 1,095 939 3.500 04/28/2011
8\331YQ60 10482 Federal Farm Credit Bank OS/20/2008 4,000,000.00 3,987,500.00 4,000,000.00 3.600 1,095 961 3.600 OS/20/2011
3128X7TS3 10484 Federal Home Locm Mortgage Co. OS/20/2008 '3,000,000.00 2,999,670.00 2,994,900,00 3,600 1,095 961 3.660 OS/20/2011
3128XlTKO 10483 Federal Home Loan Mortgage Co, OS/27/2008 4,000,000.00 4,002,560.00 4,000,000,00 3.875 1,095 968 3.875 OS/27/2011
31331Y2T6 10491 Federal Farm Credit Bank 07/07/2008 4,000,000.00 4,013,750.00 4,000,000.00 4.100 1,095 1,009 4.100 07f07/2011
3133XRTNO 10492 Federal Home Loan Bank 08105/2008 3,000,000.00 3,006,562.50 3,000,000.00 4.150 1,095 1,038 4.150 08/05/2011
31331X7B2 10446 Federal Farm Credit Bank 10/17/2007 3,000,000.00 3,002,812,50 3,000,000.00 5.100 1,461 1,111 5.100 10/17/2011
3128X6RZ1 10455 Federal Home Loan Mortgage Co. 12/03/2007 3,000,000.00 3,008,906.25 3,000,000.00 4.700 1,460 1.15"1 4.700 12/02/2011
3133XNJ26 10458 Federal Home Loan Bank 12/19/2007 3,000,000.00 3,004,687.50 3,000,000.00 4.625 1,461 1,174 4.625 12/19/2011
3133XML90 10445 Federal Home Loan Bank 10/04/2007 3,000,000.00 3,000,000,00 3,000,000,00 5.300 1,826 1,463 5.300 10/03/2012
31331YEB2 10452 Federal Farm Credit Bank 11/16/2007 3,000,000.00 3,047,812.50 3,000,000.00 4.B40 1,827 1,507 4.840 11/16/2012
3133XMYPO 10451 Federal Horne Loan Bank 11/19/2007 2,000,000.00 2,006,875.00 2,000,000.00 5,050 1,827 1,510 5.050 11/Hl/2012
3128X6RN8 10453 Federal Home Loan Mortgage Co. 11/26/2007 3,000,000.00 3,004,440.00 3,000,000.00 5.000 1,827 1,517 5.000 11/26/2012
3128X6SD9 10456 Federal Home Loan Mortgage Co. 12105/2007 4,000,000.00 4,005,880.00 4,000,000.00 4.875 1,827 1,526 4.875 12/05/2012
3128X6VFO 10459 Federal Home Loan Mortgage Co. 12/17/2007 4,000,000.00 4,040,040.00 4,000,000.00 4.750 1,827 1,538 4.750 12/17/2012
3139SAKW1 10464 Federal Nat'l Mlg. Assoc 0110212008 4,000,000,00 4,022,500,00 4,000,000.00 4.750 1,827 1,554 4.750 01/02/2013
3128X6XV3 10466 Federal Home Loan Mortgage CO. 01/07/200B 3,000,000.00 3,001,170.00 3,000,000,00 4.750 1,827 1,559 4,750 01/07/2013
3128X6YJ9 10467 Federal Home Loan Mortgage Co: 01/09/2008 4,000,000.00 4,014,240.00 4,000,000.00 4.500 1,827 1,561 4.500 01/09/2013
3133XNUF4 10463 Federal Home Loan Bank 01/14/2008 4,000,000.00 4,017,500.00 4,000,000.00 4.700 1,827 1,566 4.700 01/14/2013
3133XP4T8 10468 Federal Home loan Bank 01/28/2008 4,000,000.00 3,988,750.00 4,000,000,00 4.200 1,827 1,580 4.200 01128/2013
3133XP3C6 10469 Federal Horne loan Bank 01/29/2008 4,000,000.00 3,976,250.00 4,000,000.00 4.000 1,827 1,581 4.000 01/29/2013
3133XP6L3 10472 Federal Home Loan Bank 01/29/2008 5,000,000.00 4,985,937,50 5,000,000.00 4.200 1,827 1,581 4.200 01/29/2013
3133XPCV4 10473 Federal Home Loan Bank 01/30/2008 5,000,000.00 4,928,125,00 5,000,000.00 4.150 1,827 1,582 4.150 01/30/2013
Portfolio CHUL
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Run Dale: 1012412006-12:10 PM (PRF _PM2) SymRepl 6,41.202b
CUSIP
Federal Agency CalJables
Investment #
Issuer
Average
Balance
Chula Vista Investment Pool
Portfolio Management
Portfolio Details - Investments
September 30, 2008
Purchase
Dale
Par Value
Market Value
Page 3
Stated Days to YTM Maturity
Book Value Rate Term Maturity Date
3,000,000.00 4.125 1,827 1,587 4.125 02/04/2013
2,000,000.00 4.000 1,827 1,603 4.000 02/20/2013
3,000,000.00 4.375 1,827 1,611 4.363 02128/2013
3,000,000.09 4.000 1,826 1,644 4.000 04/0212013
2,701,012,50 4.250 1,820 1,G53 4.250 04/11/2013
3,000,000,00 3.750 1,826 1,651:1 3.750 04/16/2013
3,000,000.00 4.040 1,826 1,671 4.040 04/29/2013
2,998,500.00 4.050 1,826 . 1,673 4.061 05/01/2013
---
121,669,237.50 1,529 1,309 4.273
183,108,249.07 1,035 886 3.794
-.I
I
-.I
Run Dale: 10/24!2008.12:1O
10471
10474
10475
10476
10478
10477
10479
10480
Federal Home Loan Mortgage Co.
Federal Home Loan Bank
Federal Home Loan Mortgage Co.
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home loan Bank
Federal Nat'l Mlg. Assoc.
Federal Horne Loan Mortgage Co.
Subtotal and Average
124,278,337,50
3128X6A63
3133XPKV5
3128X63W4
3133XOJX1
3133XOLJ8
FHlB3133XOJXl
3136F9LC5
3128X7lK8
Total and Average
184,994,015,74
02104/2008
02120/2008
02128/2008
04/0212008
04/17/2008
04/16/2008
04/29/2008
05/01/2008
3,000,000,00
2,000,000.00
3,000,000.00
3,000,000.00
2,700,000.00
3,000,000.00
3,000,000.00
3,000,000.00
121,700,000.00
183,139,803,24
2,987,610.00
1,983,125.00
3,000,885.00
2,925,000.00
2,688,187.50
2,914,687.50
2,982,187.50
2,980,080.00
121,567,409.75
182,977,445.11
Portfolio CHUL
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PM {PRF _PM2} SymRept 6.41 ,202b
GUSIP
Investment #
Issuer
Average
Balance
Chula Vista Investment Pool
Portfolio Management
Portfolio Details. Cash
September 30, 2008
Purchase
Date
Par Value
Market Value
Stated
Book Value Rate
Page 4
Days 10
Term Maturity
YTM
-.l
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ClO
RUfl Date: 10/24/2008.12:10
Total Gash and Investmentss
Average Balance
0.00
184,994,015.74
183,139,803,24
162,977,445.11
163,106,249.07
o
1,035
o
866 3.794
PortfoJ[o CHUL
CC
PM (PRF ]1012) SymRepl 641 ,202b
CUSIP
Investment #
Issuer
Chula Vista Investment Pool
Portfolio Management
Activity By Type
September 1, 2008 through September 30, 2008
Stated Transaction
Rate Date
Purchases
or Deposits
Redemptions
or Withdrawals
Balance
Page 5
SYS10197
10197
Managed Pool Accounts (Monthly Summary)
Local Agency Investment Fund
Subtotal
2.774
5,000,000.00
5,000,000.00
3,700,000.00
3,700,000.00
58,439,803.24
Federal Agency Coupon Securities
Subtotal
Federal Agency Callables
3133XGNF7
3136F9SUB
10403
10487
Fedoral Home Loan Bank
Federal Nat'l Mtg. Assoc.
Subtotal
5.330
4.000
09t08/200B
09t17/2008
0.00
0.00
0.00
2,999,206.33
2,000,000.00
4,000,000.00
6,000,000.00
121,669,237.50
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Run Dale: 10124/2008-12:10
Total
5,000,000.00
9,700,000.00
183,108,249.07
PM (PRF _PM3) SyrnRepI6.41.202b
ReportVer.5.00
Portfolio CHUL
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Chula Vista Investment Pool
Portfolio Management Page 6
Activity Summary
September 2007 through September 2008
Yield to Maturity Managed Number Number
Month Number of Total 360 365 Pool of Investments of Investments Average Average
End Year Securities Invested Equivalent Equivalent Rate Purchased Redeemed Term Days 10 Maturity
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
February 2008 42 183,529,132.70 4.413 4.475 4.161 3 4 1,105 905
March 2008 40 176,229,132.70 4.318 4.378 3.770 0 2 1,118 919
April 2008 44 193,591,946.05 4.160 4.218 3.400 5 1 1,139 949
May 2008 44 207.023,816.05 4.061 4.117 3.400 4 4 1,056 894
June 2008 39 180,808.557.71 3.882 3.936 2.894 5 10 1,058 949
July 2008 39 200,338,582.40 3.690 3.741 2.787 2 2 960 855
~gust 2008 40 187,838,582.40 3.771 3.824 2.779 1 0 1,042 908
$eptember 2008 38 183,108,249.07 3.742 3.794 2.774 0 2 1,035 886
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C) Average 41 186,005,465.06 4.302% 4.362% 3.915 3 5 949 744
Run Date: 10/2412008-12:10
Portfolio CHUL
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PM (PRF ]/1,14) SymRepl6.41 .202b
Report Ver. 5,QO
Chula Vista Investment Pool
Portfolio Management Page 7
Distribution of Investments By Type
September 2007 through September 2008
September October November December January February March April M,y June July August September Average
Security Type 2007 2007 2007 2007 2008 2008 2008 200B 2008 2008 2008 2008 2008 by Period
Managed Pool Accounts 30.4 40.1 44.5, 39.8 36.2 30.8 30.2 29.4 33.5 29.4 36.3 30.4 31.9 34.1%
Passbook/Checking Accounts
Federal Agency Coupon Securities 3.7 2.2 1.7 1.5 1.6 1.6 1.0%
Federal Agency Callabfes 60.1 51.6 49.3 54.1 60.8 67.6 68.1 69.1 66.5 69.0 62.2 68.0 66.5 62.5%
Corporate Coupon Bonds 5.8 6.1 6.2 6.1 3.0 1.7 1.7 1.6 2.5%
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Portfolio CHUL
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Chula Vista Investment Pool
Portfolio Management
Interest Earnings Summary
September 30, 2008
Page B
September 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 PUfctlase During Period
142.050.00
1.547.149.45
1.237,403.05)
0.00)
(
(
1.221.175.15
1.547,149.45
1,357,651.12)
30,333.33}
Interest Earned during Period
Adjusted by Capital Gains or Losses
451,796.40
0.00
1,380,340.15
0.00
Earnings during Periods
451,796.40
1.380,340.15
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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 Purctlase During Period
0.00
0.00
O.OO}
O.OO}
0.00
0.00
0.00)
O.OO}
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Interest Earned during Period
Adjusted by Premiums and Discounts
Adjusted by Capital Gains or Losses
0.00
0.00
0.00
0.00
0.00
0.00
Earnings during Periods
0.00
0.00
Cash/Checking Accounts:
Interest Collected
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
0.00
468,685.15
336,862.41 }
509,056.36
468,685.15
509.066.36}
Interest Earned during Period
131,822.74
468,685.15
Total Interest Earned during Period
Total Capital Gains or Losses
583,619.14
0.00
1,849,025.30
0.00
Total Earnings during Period
583,619.14
1,849,025.30
R~IlDale: 1012412008.12:10
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Chula Vista Investment Pool
Received Interest
Sorted by Date Received - Grouped by Fund
Received September 1, 2008 - September 30, 2008
City of Chula Vista
276 Fourth Ave
Chula Vista CA 91910
(619)691-5250
CITY OF
CHUlA VISTA
Dale Received
CUSIP
Investment 11
Security
Type
Par Current
Value Rate
Date Due Date Received
Interest
Amount Due
Amount Received
Variance
Fund: Chula Vista Investment Pool
September 2008
3133XGNF7 10403 MC1 0.00 5.330 09/08/2008 09/08/2008 53,300.00 53,300.00
3128X67H3 10490 MC1 3,000,000.00 3.250 09/10/2008 09/10/2008 48,750,00 48,750.00
3136F9SU8 10487 MC1 0,00 4.000 09/17f2008 09/17/2008 40,000.00 40,000.00
Subtotal 142,050.00 142,050.00
Chula Vista Investment Pool Subtotal 142,050.00 142,050.00
/ ,
Total 142,050.00 142,050.00
Total Cash Overpayment 0.00
Total Cash Shortfall 0.00
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Run Date: 1012412008.12:10
Portfolio CHUL
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Reporl VeL 5,00
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:-~= Chula Vista Investment Pool
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""'--"""t;o..~"""" Accrued Interest
CITY OF Sorted by Issuer. Investment Number
CHUlA VISTA
September 1, 2008 . September 30, 2008
Adjusted Acc'd Int.
Security p" Maturity Current . Beginning at Purchase
CUSIP Investment # Type Value Date Rate Accrued Interest During period
Federal Farm Credit Bank
31331X7B2 10446 MC, 3,000,000.00 10fl712011 5.100 56,950.00 0,00
31331YEB2 10452 MC, 3,000,000.00 11f16/2012 4.840 42,350.00 0,00
31331YQ60 10482 MC' 4,000,000.00 OS/20/2011 3.600 40,400.00 0.00
31331Y2T6 10491 MC, 4,000,000.00 07107/2011 4.100 24,600.00 0.00
Subtotal 14,000,000.00 164,300.00 0.00
Federal Home Loan Bank
3133XGNF7 10403 MC, 0.00 09/08f2009 5.330 51,227.22 0.00
3133XMl90 10445 MC, 3,000,000.00 10/03/2012 5.300 65,366.66 0.00
3133XMYPO 10451 MC' 2,000,000,00 11/19/2012 5,050 28,616.67 0.00
3133XNJ26 10458 MC, 3,000,000.00 12119/2011 4.625 27,750.00 0.00
3133XNUF4 10463 MC, 4,000,000.00 01114/2013 4.700 24,544.44 0.00
"fJ3XP4T8 10468 MCl 4,000,000.00 01/28/2013 4.200 15,400,00 0.00
.3.133XP3C6 10469 MC, 4,000,000.00 01/29/2013 4.000 14,222.22 0.00
m3XP6l3 10472 MC1, 5,000,000.00 01129/2013 4.200 18,666.67 0,00
3133XPCV4 10473 MC1 5,000,000.00 01/30/2013 4.150 17,868.06 0.00
3133XPKV5 10474 MC, 2,000,000.00 02/20/2013 4.000 2,444.44 0.00
3133XQJX 1 10476 MC, 3,000,000_00 04/0212013 4.000 49,666.67 0.00
FHLB3133XQJXl 10477 MC, 3,000,000,00 04/16/2013 3.750 42,187,50 0.00
3133XQLJ9 10478 Me, 2,700,000.00 04/11/2013 4.250 44,625,00 0.00
3133XRTNO 10492 MC, 3,000,000.00 08/05/2011 4.150 8,991.67 0.00
Subtotal 43,700,000.00 411,577.22 0.00
Federal Home Loan Mortgage Co.
3128X6CX2 10433 MCl 3,000,000.00 06/15/2010 5.400 34,200.00 0.00
312BX6RNB 10453 MC' 3,000,ODO.00 11/26/2012 5.000 39,583,33 0,00
3128X6RZl 10455 MC, 3,000,000.00 12/0212011 4.700 34,858.35 0.00
3128X6SD9 10456 MC, 4,000,000.00 12105/2012 4.875 46,583.33 0.00
3128X6VFO 10459 MC' 4,000,000.00 12117/2012 4.750 39,055.56 0.00
3121:lX6XV3 10466 MC, 3,000,000.00 01/07/2013 4,750 21,375.00 0.00
3128X6YJ9 10467 MC, 4,000,000.00 01/09/2013 4.500 26,000.00 0.00
3128X6A63 10471 Mel 3,000,000.00 02104/2013 4.125 9,281,10 0.00
3128X63W4 10475 MC, 3,000,000.00 02/28/2013 4.375 1,093.75 0.00
3128X7LK8 10480 MC, 3,000,000.00 05101/2013 4.050 40,500.00 0.00
3128X7TKO 10483 MC, 4,000,000.00 05/27/2011 3.875 40,472.22 d.oO
City of Chula Vista
276 Fourth Ave
Chul8 Vista CA 91910
(619)691-5250
Interest Interest . Emling
Earned Received Accrued Interest
12,750.00 0.00 69,700.00
12,100.00 0,00 54,450.00
12,000.00 0.00 52,400.00
13,666.67 0.00 38,266.67
50,516.67 0,00 214,816.67
---
2,072.78 53,300.00 0.00
13,250,00 0.00 78,616,66
8,416.66 0.00 3.1,033.33
11,562.50 0.00 39,312.50
15,666.67 0.00 40.211.11
14,000.00 0,00 29,400.00
13,333.34 0.00 27,555.56
17,500.00 0.00 36.166.67
17,291,66 0.00 35,159.72
6,666.67 0.00 9,111.11
10,000.00 0.00 59.G6G,67
9,375.00 0.00 51,562,50
9,562.50 0.00 54,187.50
10,375.00 0.00 19,366.67
159,072.78 53,300.00 517,350.00
13,500.00 0.00 47.700.00
12,500.00 0.00 52,083.33
11,750.00 0.00 40,608.35
16,250.00 0.00 62,833.33
15,833.33 0.00 54,888.89
11,875,00 0.00 33,250,00
15,000.00 0.00 41.000.00
10,312.50 0.00 19,593.60
10,937,50 0.00 12,031.25
10,125,00 000 50,625.00
12,916.67 0.00 53,388.89
" 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
Run Da\~: 10/24/2008.12:11
AI (PRF _AI) SymRepl 6.41 ,202b
Report Vel. 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
GUSJP Investment # Type Value Date Rate Accrued Interest During Period Earned Received Accrued Interest
Federal Home loan Mortgage CO.
3128X7T$3 10484 MC' 3,000,000.00 OS/20/2011 3,600 30,300,00 0.00 9,000.00 0.00 39,300.00
3128X7XU3 10486 Me, 3,000,000.00 06/10/2010 3,500 23,625.00 0.00 8,750,00 0,00 32,375.00
3128X67H3 10490 MC' 3,000,000,00 03/10/2010 3.250 46,312.50 0.00 8,125.00 48,750.00 5,687.50
Subtotal 46,000,000.00 433,240.14 0.00 166,875.00 48,750:00 551,365.14
--.-----.----------.--- .
Federal Nat'l Mtg. Assoc.
31398AKW 1 10464 MC, 4,000,000,00 01/0212013 4.750 31,138.89 0.00 15,833.33 0.00 46.972,22
3136F9LG5 10479 MC' 3,000,000.00 04129/2013 4.040 41,073.33 0.00 10,100.00 0.00 51.173.33
31398AQS4 10481 MC' 4,000,000.00 04/28/2011 3.500 47,833.33 0.00 11,666.67 0.00 59,500.00
3136FDSA2 10485 MC' 3,000,000.00 06/10/2010 3,265 22,038,75 0.00 8,162.50 0.00 30,201.25
3136F9SU8 10487 MC' 0.00 03/17/2011 4,000 32,888.89 0.00 7,111.11 40,000.00 0.00
31398ASH6 10488 MC' 4,000,000.00 06116/2010 3.550 29,583.33 0.00 11,833.34 0.00 41.416.67
31398ASL 7 10489 FAC 3,000,000.00 06/24/2011 4.250 23,729.17 0.00 10,625,00 0.00 34,354.17
Subtotal 21,000,000.00 228,285.69 0.00 75,331.95 40,000.00 263,617.64
Local Agency Investment Fund
~S10197 10197 LA' 58,439,803.24 2.774 336,862.41 0.00 131,822.74 0.00 468,685.15
I
~ Subtotal 58,439,803.24 336,862.41 0.00 131,822.74 0.00 468,685.15
U1 /
Total 183,139,803.24 1,574,265.46 0.00 I 583,619,14 142,050.00 2,015,834.60
* 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
Run Dille: 1012412008 .12:11
AI (pRF _AI) SymHepl 6,41202b
Repoil VeL 5.00
~u~
~
~~~..e::
""'"~--~
CITY OF
(HULA VISTA
Investment #
lnv.
Type
09/08/2006
Issuer
10403 MC1
Federal Home Loan Bank
10487 MC1
Federal Nat'l Mtg. Assoc.
Chula Vista Investment Pool
Realized Gains and Losses
Sorted By Maturity/Sale/Call Date
Sales/Calls/Maturities: September 1, 2008 - September 30, 2008
City of Chula Vista
276 Fourtll Ave
Chula Vista CA 91910
(619)691-5250
Purchase
Date
Par Value Sale Date Days Held
MaturityfSale Realized Total Total Total
Current Rate Maturity Date Term Book Value Proceeds Gain/Loss Earnings Net Earnings Yield 365
2,000,000.00 09/08/2008 731 2,000,000.00 2,000,000.00 0.00 213,200.00 213,200,00 5.323
5.330 09/08/2009 1,096
4,000,000,00 09/17/2008 92 4,000,000.00 4,000,000.00 0.00 40,000.00 40,000.00 3.967
4.000 03J17f2011 1,003
Total Realized Gains/Losses 6,000,000.00 6,000,000.00 0.00/ 253,200.00 253,200.00 4.419
06/17f200B
-.I
I
~
m
Run Dale: 1012412008.12:12
Portfolio CHUL
CC
CG (PRF _CGR1) SymRept 6,41.202b
Report Ver. 5.00
Schedule of Cashllnvestments with Fiscal Agent
as of September 3D, 2008 Maturity Purchase Contractual Federal
Bond Issue Security Description Trust Acct # Type Date Date Par Value Mkt Value Cost Yield
94 CV Pension Oblig Bd 1st American Trs Oblig CL 0 Corp Tr 95439642 Mutual Funds 88 88 88 Var
COP 2000A Financing Proj Milestone Treasury Oblig FD Prem Shr 94418720/21/24 Mutual Funds 2,003,831 2,003,831 2,003,831 Var
AIG~MF LLC Invest Agrmt 94418721 Invtmnt Agrmt 27 -Aug-20 11-0cl-00 6.340
RDA 2000 Tax AJJoc Bonds AMBAC CAP Funding 94418822 lnvtmnt Agrmt 01-Sep-30 31-0ct-00 45 45 45 6.180
Milestone Treasury Oblig FD Prem She 94418820/1/4 Mutual Funds 82 82 82 Var
CV Public Financing Authority Milestone Treasury Oblig FD Prem Shr )4430300/1/2/3/4/5/8/9/10/11/1: Mutual Funds 2,656,124 2,656,124 2,656,124 Var
2001-1/2001-2 RAD Trinity Plus Funding Co Invst Agrmt 94430303 Invtmnl 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-01 426,500 426,500 426,500 5.600
2002 COP Police Facilities US Treasury 94445202 US Trsy Noles 2,021,563, 2,036,400 2,036,400 5.835
Milestone Treasury Oblig FD Prem Shr 94445200/2/4 Mutual Funds 109,789 109,789 109,789 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 4,274,758 4,274,758 4,274,758 Var
Local Agency Investment Fund 94477005/6/9 Invmnt Agrmt 4,934,111 4,934,111 4,934,111 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 ObJig FD Prem Shr 94652200/1 Mutual Funds 175 175 175 Var
CFD 2001-2 McMillin-Otay Ranch 6 Milestone Treasury Oblig FD Prem Shr 94658900/03/04/05/08/09/10 Mutual Funds 1,511,622 1,511,622 1,511,622 Var
Cash 94658900-10 Cash-Fiscal Agt
CFD 08-1 Olay Ranch Village 6 Milestone Treasury Oblig FD Prem Shr 1682100/03/04/05/06/07/10/11/' Mutuai Funds 2,487,988 2,487,988 2,487,988 Var
LAIF 94682105/12 lnvmnt Agrmt 3,180,774 3,180,774 3,180,774
Cash 94682100 Cash-Fiscal Agt
CFD 07-1 McMiliin Otay Rnch VII9 11 Milestone Treasury Oblig FD Prem Shr 784708000/03/04/05/06/07 Mutual Funds 185,397 185,397 185,397 Var
LAIF 784708003/06 Invmnt Agrmt 2,378,636 2,378,636 2,378,636
Cash 784708010 Cash-Fiscal Agt
CFD 06-1 Improvement Area B Milestone Treasury Oblig FD Prem Shr 786104000/3/4/5 Mutual Funds 2,234,763 2,234,763 2,234,763 Var
-.J Cash 786104000-08 Cash-Fiscal Agt 0
2004 ':OP Civic Center Phase I Dreyfus Ins!'! Res Treasury 325540-44 Mutual Funds 1,006,752 1,006,752 1,006,752 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
-.J Cash Cash-Fiscal Agl
2006 COP Civic Center Phase II Dreyfus lnst'! Res Treasury 145756/57/58/68/69 Mutual Funds 714,114 714,114 714,114 Var
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 12,303,620 12,303,620 12,303,620 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 56,088,004 65,239,027 65,239,027 Var
Cash Cash-Fiscal Agt
CFD 01-1 Improvement Area B Milestone Treasury Oblig FO Prem Shr 792183003-10 Mutual Funds 7,783,164 7,783,164 7,783,164 Var
CFD 12-1 McMillin Otay Rnch VII9 7 Milestone Treasury Oblig FD Prem Shr 791949000/4/5/6/7/8/11/12 Mutual Funds 4,433,896 4,433,896 4,433,896 Var
AIG Matched FDG Corp Invsl A.grmt 791949005/11/12 Invmnt Agrmt
CFD 13-1 Otay Ranch Vil9 7 Milestone Treasury Oblig FO Prem Shr '93774000/03/04/05/06/07/08/1 Mutual Funds 4,694,204 4,694,204 4,694,204 Var
LAIF 793774003 Invmnt Agrmt 1,225,184 1,225,184 1,225,184
Cash 793774011 Cash-Fiscal Agt
CFD 07 -IB McMillin Otay Rnch Vllg 11 Milestone Treasury Oblig FO Prem Shr 794322000/01/03/04/05/09 Mutual Funds 2,006,873 2,006,873 2,006,873 Var
LAIF 794322003 Invmnt Agrmt 984,000 984,000 984,000
Cash 794322006 Cash-Fiscal Agt
06 Sr. Tax Alloc Ref Bonds A Milestone Treasury PS Fund # M5 103986000/05 Mutual Funds 296 296 296 Var
Rabobank International NY Branch 103986003 Invmnt Agrmt 09-Au9-2027 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 25,597 25,597 25,597 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
RDA 2008 Tax Alloc Ref Bonds Milestone Treasury PS Fund # M5 127926000 to 6011 Mutual Funds 30-Sep-2036 22-Jul-2008 9,352,910 9,352,910 9,352,910 Var
CDBG Section 108 Loan Cash - Interest Bearing Acct 1459703226 Restricted Cash 9,466,937 9,466,937 9,466,937 Var
Orange Tree MHP Cash - Interest Bearing Acct 2324-80156 Restricted Cash 586,736 586,736 586,736 Var
RDA Housing Program Cash - Interest Bearing Acct Various Restricted Cash 3,835,175 3,835,175 3,835,175 Var
COBG Housing Program Cash - Interest Bearing Acct Various Restricted Cash 370,397 370,397 370,397 Var
Grand Total as of September 30, 2008 157,755,440 166,921,301 166,921,301
FHename:J :\finance\data\invest\lnv09.xls .
i'finance\dala\invesl\lnv09,xls
City of Chula Vista
Cash and Investments
30-Sep-08
.. DRAFT ..
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 09/30/2008
Cash/Time Deposits as of 09/30/2008
j:finance\data\Cash and Investments FY0809 Sept 30 2008.xls
7-18
Amount
124,665,825
22,201,931
36,237,873
183,105,628
339,377
339,377
5,012,687
(11,683)
5,182
367,441
5,373,627
5,300
5,300
310,000
310,000
189,133,932
5,688,927
Draft, as of 10127108