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Home My WebLink About2009/11/17 Item 12CITY COUNCIL AGENDA STATEMENT ~`~~ CIIY OF CHULA VISTA NOVEMBER 17, 2009, Item ~2 ITEM TITLE: INVESTMENT REPORT FOR THE QUARTER ENDED SEPTEMBER 30, 2009 SUBMITTED BY: DIRECTOR OF FIN CE/TREASURER REVIEWED BY: CITY MANAGER ASSISTANT CITY NAGER ~ ~ 4/STHS VOTE: YES ~ NO ^X SUMMARY Transmitted herewith is the City's investment report for the quarter ended September 30, 2009. To meet the reporting requirements set forth in the California Government Code Sections 53600 et seq. and the City of Chula Vista Investment Policy, a sepazate report was distributed to the City Council as an informational item. ENVIRONMENTAL REVIEW The Environmental Review Coordinator has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a "Project" as defined under Section 15378 (b)(4) of the State CEQA Guidelines; therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines the activity is not subject to CEQA. Thus, no environmental review is necessary. RECOMMENDATION Council accept the report. BOARDS/COMMISSION RECOMMENDATION Not applicable. DISCUSSION The total cash and investment portfolio as of September 30, 2009 was $157,346,327. This is a decrease of approximately $28,762,810 from June 30, 2009 to September 30, 2009 due to normal use of cash for City obligations. For the quarter ended September 30, 2009, the earned interest yield was 2.273%, a decrease from the 2.286% reported for the quarter ended June 30, 2009, reflecting reinvestment in a lower interest rate environment and of maturing securities purchased in periods of higher interest rates. The weighted average maturity as of September 30, 2009 was 12-1 NOVEMBER 17, 2009, Item Page 2 of 2 2.44 years, which was a slight increase from 2.22 years for the prior quarter. The weighted average maturity remains sufficiently liquid to enable the City to meet all operating requirements that might be reasonably anticipated. DECISION MAKER CONFLICT Staff has determined that the action contemplated by this item is ministerial, secretazial, manual, or clerical in nature and, as such, does not require the City Council members to make or participate in making a governmental decision, pursuant to California Code of Regulations section 18702.4(a). Consequently, this item does not present a conflict under the Political Reform Act (Califomia Government Code § 87100, et seq.). CURRENT FISCAL IMPACT Considering the projected timing of cash receipts and disbursements and the structure of the Pooled Investment Portfolio, the City should be able to comfortably meet overall cash flow needs over the next six months. There is no direct fiscal impact by this action. ONGOING FISCAL IMPACT There is no ongoing fiscal impact by this action. ATTACHMENTS A. Investment Report for the Quarter Ended September 3Q 2009 Prepared by: Phillip Davis, Assistant Director, Finance Dept. 12-2 ~~fl/ ~~ CITY OF CHULA VISTA Finance Departrr Investment Report for the Quarter Ended September 30, 2009 November 17, 2009 Honorable Mayor and City Council, I am pleased to present this report of investment activity for the quarter ended September 30, 2009 in compliance with the reporting requirements as set forth in the California Government Code Sections 53600 et seq. and the City of Chula Vista Investment Policy. The information presented in this report highlights the investment activity for the quarter ended as well as provides a comparison to the quarters ended June 30, 2009 and September 30, 2008. Market Overview The Federal Open Market Committee (FOMC) continued to maintain the key Fed Funds rate at a target range of 0.00% to 0.25% in an effort to stimulate the economy. Two-year Treasuries yielding 1.11% at the beginning of the quarter edged downward to 0.95% at the end of the quarter as the markets move toward a slow recovery. The consumer price index (CPI) rose 0.2 percent during the month of September compared to an increase of 0.4 percent in August. Over the past year, consumer prices fell 1.3 percent and show no immediate threat of inflation. In addition, the producer price index (PPI) unexpectedly declined 0.6 percent in September compared to an increase of 1.7 percent in August. Excluding food and energy costs, prices fell 0.1 percent last month. Producer prices have fallen 4.8 percent since last September, another sign that inflation isn't an immediate threat for the economy. This gives the Federal Reserve room to keep interest rates low to support a recovery from the worst recession since the Great Depression. Portfolio Composition The table below provides a summary of the City's total investment portfolio as of September 30, 2009. The Investment Portfolio ($153,979,887) Cash/Time Deposits ($3,366,440) and Bank Trustee/Fiduciary Funds ($112,580,168) continue to be invested in accordance with the Government Code, bond covenants and the Council Investment Policy as adopted on February 17. 2009. 12-3 Honorable Mayor and City Council Investment Report Quarter ended 9/30/2009 Page 2 of 4 Summary of Cash and Investments as of September 30, 2009 of Investment Type Par Value Market Value Book Value Portfolio Investment Portfolio Federal Securities $ 116,000,000 $ 112,206,893 $ 115,994,925 42.98% Pooled Investments 33,979,887 59,300,071 33,979,887 12.59% Corporate Bonds 4,000,000 4,073.540 3.992.960 1.48% Subtotal 153,979,887 175,580,504 153,967,772 57.05% Cash/Time Deposits 3,366,440 3,366,440 3,366,440 1.25% Total Cash 8: Investments Held by the City 157,346,327 178,946,944 157,334,212 58.29% Held by Bank Trustee/Fiduciary Funds U.S. Government 28,587,902 34,384,821 28,587,902 10.59% Investment Agreements 25,909,456 25,909,456 25,909,456 9.60% Mutual Funds 45,406,287 45,406,287 45,406,287 16.82% Cash with Fiscal Agent - - - 0.00% Restricted Cash 12,676,523 12,676,523 12,676,523 .4.70% Total Held by Bank Trustee/Fiduciary Funds 112,580,168 118,377,087 112,580,168 41.71% Total Portfolio $ 269,926,495 $ 297,324,031 $ 269,914,380 100.00% (1) Reflects bond proceeds held by trustee in accordance with bond covenants. The graph below provides a snapshot of the portfolio composition by investment type for that portion of the portfolio not held by the bank trustee or in a fiduciary fund. Portfoilio Composition as of September 30, 2009 US Government Agen-~ 64% LAIF (State Pool) 33% Coi _Z%_ 12-4 Honorable Mayor and City Council Investment Report Quarter ended 9/30/2009 Page 3 of 4 Portfolio Performance Portfolio performance is provided in more detail in the attachments to the report. The summary information provided below includes the total portfolio income recognized for the last quarter as compared to the prior quarter and the same quarter one year ago. Total Portfolio Income Recognized Accrual Basis Total Portfolio September 30, 2009 June 30, 2009 September 30, 2008 Quarter End Net Interest Earnings $ 298,056 $ 1,201,806 $ 583,201 Net Gains (Losses) from Sales 24,800 Fiscal Year-to-Date Net Interest Earnings 942,217 6,044,232 1,840,133 Net Gains (Losses) from Sales 49,738 Source: Monthly Sympro "Investment Earnings Summary" report. Benchmark Comparison The following graph compares the monthly earned interest yield of the City's Portfolio Fund with the monthly average yields for the same period of the State of California Local Agency Investment Fund (LAIF) and the two-year and three-year treasury from September 2007 through September 2009. Monthly Benchmark Comparison s.o°i° s.o°r a.o°i° 3.0% 2.0% 1.0% 0.0% 12-5 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 -+-City --E-tAIF -~2yr Treasury ~-3yr Treasury Honorable Mayor and City Council Investment Report Quarter ended 9/30/2009 Page 4 of 4 Per Section 16.1 of the City's Investment Policy, the two-year U.S. Treasury and the Local Agency Investment Fund yields are the performance benchmarks to be used when determining whether market yields are being achieved. The three-year U.S. Treasury is added as an additional point of reference in order to provide an upper range that is above the weighted average maturity of the City's portfolio, which is at 892 days. Investment Activity Benclim°_ark r~',**~ Yield_~aDM;, City 2.30% 892 LAIF 0.75% 234 2YearTreasury 0.95% 730 3YearTreasu 1.43% 1,095 ADM = Avera a Da s to Maturi During the quarter, one investment totaling $4,000,000 was redeemed by the issuer prior to its maturity date. These monies represent pooled cash received from various funding sources such as sewer, RDA, TDIF, PAD, General Fund, etc. During the quarter, the purchase of two Federal Agency Securities totaling $7,996,800 were made using the City's Investment Policy guideline to ensure safety, liquidity and yield. There is no further activity to report on other than routine investments in money market mutual funds by the City's fiscal agents. Conclusion The total cash and investment portfolio as of September 30, 2009 was $157,346,327. This is a decrease of approximately $28,762,810 from June 30, 2009 to September 30, 2009. For the quarter ended September 30, 2009, the earned interest yield was 2.273%, a decrease from the 2.286% reported for the quarter ended June 30, 2009, reflecting reinvestment in a lower interest rate environment and of maturing securities purchased in periods of higher interest rates. The weighted average maturity as of September 30, 2009 was 2.44 years as compared to 2.22 years for the prior quarter. The weighted average maturity remains sufficiently liquid to enable the City to meet all operating requirements that might be reasonably anticipated. Considering the projected timing of cash receipts and disbursements and the structure of the Pooled Investment Portfolio, the City should be able to comfortably meet overall cash flow needs over the next six months. There is no direct fiscal impact by this action. I certify that this report reflects the City of Chula Vista and related agencies pooled investments and is in conformity with the State of California Government Code on authorized investments and with the Investment Policy of the City of Chula Vista as stated in Resolution No. 2009-33 dated February 17, 2009. Respectfully submitted, ~~ ~- ~~- Maria achadoorian Director of FinancelTreasurer 12-6 Summary of Cash and Investments as of September 30, 2009 of Investment Type Par Value Market Value Book Value Portfolio Investment Portfolio Federal Securities 116,000,000 116,643,710 115,994,925 42.97% Pooled Investments 33,979,887 34,031,339 33,979,887 12.59% Corporate Bonds 4 000 000 4 100 840 3 992,960 1.48% Subtotal 153,979,887 154,775,889 153,967,772 55.56% Cash/Time Deposits $3,366,440 $3,366,440 $3,366,440 1.25% Total Cash 8 Investments Held by the City $157,346,327 $158,142,329 $157,334,212 58.29% Held by Bank Trustee/Fiduciary Funds (1) U. S. Government Investment Agreements Mutual Funds Cash with Fiscal Agents !, Restricted Cash Total Held by Bank Trustee/Fiduciary Fu 28,587,902 34,384,821 28,587,902 10.59% 25,909,456 25,909,456 25,909,456 9.60% 45,406,287 45,406,287 45,406,287 16.82% 0 0 0 0.00% 12,676,523 12,676,523 12,676,523 4.70% 12,580,168 $118,377,087 $112,580,168 41.71% Total Portfolio $269,926,495 $276,519,416 $269,914,380 100.00% (1) Reflects bond proceeds held by trustee in accordance with bond covenants. Par value is the principal amount of the investment on maturity. All market values contained herein are received from sources we believe are reliable, however we do not guarantee their accuracy. Book value is the par value of the security plus or minus any premium or discount and accrued interest that was included in the purchase price. ~«~i ~.~.: -~~u CIlY OF CHUTA VISTA Chula Vista Investment Pool Portfolio Management Portfolio Summary September 30, 2009 City of Chula Vista 27G Fourth Ave Chula Vista CA 91910 (G79)691-5250 Investments Par Value Market Value Book Value % of Portfolio Term Days [o Maturity YTM Managed Pool Account 1 32,9fi9,306.72 33,020,760.99 32,969,306.72 21.41 1 1 0.750 Managed Pool ACCOUn[2 1,010,578.45 1,010,578.45 1,070,576.45 0.66 1 1 0.770 Federal Agency Callahles 116,000,000.00 176,643,710.00 175,994,925.00 75.34 1,3G0 7,754 2.70G Corporate Coupon Bands q,000,000.00 4,100,840.00 3,992,960.00 2.59 1,771 fi90 2.660 153,979,887.17 154,775,889.44 153,987,772.17 100.00% 071 1 092 2 273 Investments , . Total Earnings September 30 Month Ending Fiscal Year To Dale Current Year 298,056.09 942,216.82 Average Daily Balance 157,366,795.28 - 1fi7,641,941.08 Effective Rate of Return 2.30 % 2.23%, N ~~/' ~ 00 / /`GGGi~ U/ '~~ ~Jvt l O- 2~~ o f Phillip A. Davis, Assistant Director bFFinance Reporting period 09/01/2009-09!30/2009 nun Dale: lolza2oo9 - u:4e Portfolio CHUL CC PM (PRF_PMt) SymRepI6.4 L2Wb Raped Var. S.OO Chula Vista Investment Pool Portfolio Management Page 2 Portfolio Details -Investments September 30, 2009 Average purchase Stated Days to YTM Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Term Matudty Date Managed Pool ACCOUnt1 SYS10197 70197 Local Agency Investment Fund 32,969,308.72 33,020,760.89 32,969,306.72 0.750 1 1 0.750 Subtotal and Average 36,369,308.72 72,969,308.72 33,020,760.99 32,969,308.72 7 1 0.750 Managed Pool Account2 SYS10507 10507 CalTrust SHort Term Fund 1,010,578.45 1,010,578.45 1,010,578.45 0.770 1 1 0.770 Subtotal and Average 1,009,601.56 1,010,578.45 1,070,578.45 1,010,578.45 1 7 0.770 Federal Agency Callables 3136FHAA3 10523 Federal Nal'I Mlg. Assoc. 02/112009 3,000,000.00 3,015,000.00 3,000,000.00 2.000 730 498 2.000 02/71/2011 3136FHAL9 10524 Federal Nal'I Mtg. Assoc. 02/19/2009 3,000,000.00 3,018,750.00 3,000,000.00 2.200 911 G67 2.200 09/19/2011 372BXBCL4 10504 Federal Home Loan Mortgage Co. 12/30!2008 3,000,000.00 3,011,460.00 3,000,000.00 2.700 1,095 020 2.100 12/30/2011 31331 GJV2 10509 Federal Farm Credil Bank 01/12/2009 4,000,000.00 4,076,250.00 4,000,000.00 2.250 7,095 833 2.250 07!12/2012 3128XBFM9 10513 Federal Home Loan Mortgage Co. 01/27/2009 3,000,000.00 3,013,530.00 3,000,000.00 2.000 7995 848 2.000 07/27/2012 3136~94M2 10511 Federal Nal'1 Mtg. Assoc. 01/27/2009 4,000,000.00 4,040,000.00 4,000,000.00 2.000 1,095 848 2.000 01/272012 312~BGP7 70517 Federal Home Loan Modgage Co. 02/02/2009 4,000,000.00 4,021,720.00 4,000,000.00 2.250 1,095 854 2.250 02/02/2012 310mIGMW6 10522 Federal Farm Credit Bank 02/17/2009 4,000,000.00 4,021,250.00 4,000,000.00 2.470 1,095 869 2.470 02/17/2012 3133XSWZ7 10518 Federal Home Loan Bank 02/17/2009 3,000,000.00 3,017,812.50 3,000,000.00 2.250 1,095 Bfi9 2.250 02/77/2012 3126XBJB9 10521 Federal Home Lcan Modgage Co. 02/17/2009 4,000,000.00 4,024,760.00 4,000,000.00 2.450 1 095 869 2.450 02/17/2012 3128XBX56 10526 Federal Home Loan Mortgage Ca. 04(27/2009 3,000,000.00 3,025,860.00 2,998,725.00 2.000 1,096 939 2.022 04/27/2012 37331GW48 10534 Federal Farm Credit Bank 0527/2009 4,000,000.00 4,008,750.00 4,000,000.00 7.800 1 096 963 1.800 05/21/2012 3126XeL42 10536 Federal Home Loan Mortgage Co. 06/15/2009 3,000,000.00 3,018,360.00 3,000,000.00 3.000 1,096 988 3.000 Ofi/15/2012 3133XTWP7 10538 Federal Home Loan Bank 06/22/2009 ~ 3,000,000.00 3,011,250.00 3,000,000.00 2.500 1,09fi 995 2.500 06/22/2012 3128X9AM2 10540 Federal Home Loan Mortgage Co. 0624/2009 4,000,000.00 4,030,520.00 3,996,800.00 2.250 1,09fi 7,058 2.278 08/24/2012 3136FHMA0 10527 Federal Nal'I Mtg. ASSOC. 04/29/2009 3,000,000.00 3,016,875.00 3,000,000.00 2.250 1,279 1,124 2.250 10/29/2072 31331YEB2 10452 Federal Fafm Credil Bank 11/16/2007 ~ 3,000,000.00 3,015,937.50 3,000,000.00 4.840 1 927 1,142 a.eaD 11/16/2012 3138FHG41 10539 Federal Nat'I Mtg. Assoc. 07/0212009 4,000,000.00 4,000,000.00 4,000,000.00 3.050 1,280 1,109 3.050 07/0212013 31331GLB3 10514 Federal Farm Credil Bank _ 01/28/2009 3,000,000.00 3,002912.50 3,000,000.00 2.6!10 1,487 1,215 2600 01/26/2013 3733XP3C6 10469 Federal Home Loan Oanlc 01/29/2006 4,000,000.00 4,048,750.00 4,000,000.00 4.000 1,027 7,21G 4.000 01/29/2013 31331GLY3 10518 Federal Fafm Credil Bank 02/11/2009 4,000,000.00 4,018,750.00 4,000,000.00 2.850 1,461 1,229 2.850 02/11/2013 3133XQJZ6 10477 Federal Home Loan Bank 04/76/2008 3,000,000.00 3,048,667.50 3,000,000.00 3.750 1,826 7,293 3.750 04/76/2013 3136F9LC5 1049fi Federal Nal'I Mtg. Assoc. 04/29/2006 3900,000.00 3,063,750.00 3,000,000 00 4.000 1,626 1,306 4.000 04/29/2013 31331GWL9 10531 Federal Farm Credit Hank 05/20/2009 4,000,000.00 4,013,750.00 4,000,000.00 2.500 1,461 1,327 2.500 05/20/2013 3133XTNJ7 70532 Fetleral Hame Loan Bank 05/20/2009 3,000,000.00 3,020,625.00 3,000,000.00 2.500 1,461 1,327 2.500 05/20/2013 3133XTP34 10533 Federal Home Loan Bank 0527/2009 4,000,000.00 4,001,250.00 4,000,000.00 2.550 1,458 1,331 2.550 0524/2013 31331GXN4 10537 Fedefal Farm Credit Bank O6lp32009 3,000,000.00 3,025,312.50 3,000,000.00 2.700 1,461 1 741 2.700 06/03/2013 3136FHRM9 10529 Fedefal Nat'I Mtg. ASSOC. - ~ 05/14/2009 3,000,000.00 2,994,375.00 3,000,000.00 2.700 i,fi45 7,505 2.700 11/14/2013 Portfolio CHUL CC Run Hale: 10/2312009 - 14.50 PM (PRF_PM2) BymRep18.4L202b Report Vef. 5.00 Chula Vista Investment Pool Portfolio Management Portfolio Details -Investments September 30, 2009 Page 3 Average Purchase Staled Days to YTM Maturlty CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Term Maturlty Date Federal Agency Callables 3133XSSD1 10503 Federal Home Loan Bank 12/30/2006 3,000,000.00 3,005,625.00 3,000,000.00 3.000 1,626 1,551 3.000 12/30/2013 31331GLP2 10515 Federal Farm Credit Bank 01/30/2009 4,000,000.00 4,001,250.00 4,000,000.00 3.100 1,626 1,562 3.100 01/30/2014 3133XT5W2 10525 Federal Home Loan Bank 02/24/2009 3,000,000.00 - 3,024,375.00 3,000,000.00 3.250 1,826 1,607 3.250 02/24/2014 31390AXF4 10526 Federal Nal'I MIg. ASSOC. 05/12/2009 3,000,000.00 3,01D,312.50 3,000,000.00 3.000 1,626 .1,664 3.000 05/12/2014 3126XBD74 10530 Federal Home Loan Mortgage Co. 05!26/2009 4,000,000.00 4,071,000.00 4,000,000.00 3.170 1,626 1,700 3.170 05/28/2014 3126XeL34 70535 Federal Home Loan Modgage Co. Ofi/09/2009 3,000,000.00 3,024,800.00 3,000,000.00 3.000 1,62fi 1,712 3.000 06/09/2014 Subtotal and Average 96,994,925.00 116,000,000.00 116,643,710.00 115,994,925.00 1,360 1,154 2.706 Corporate Coupon Bonds EHfi462796 10499 3fi967HAH0 10506 N O Run Date: 102312009 -14:50 General Electric Cap 12/09/2006 2,000,000.00 2,069,920.00 General ElecVic Cap 01/06!2009 2,000,000.00 2,030,920.00 Subtotal and Average 1,990,700.00 4,000,000.00 4,100,840.00 Total and Average 136,372,535.28 1,994,260.00 3.000 1,095 799 3.101 12/09/2011 t,ssa,7Da.0D z.zgD 1,247 set 2.zzD os/De/zD1z 3,992,960.00 153,979,087.17 154,775,899.44 153,967,772.17 1,171 090 2.fi60 1,071 092 2.273 Portfolio CHUL CC PM (PRF_PM2) SymRep16.41.2026 Chula Vista Investment Pool Portfolio Management Pagea Activity By Type September 1, 2009 through September 30, 2009 Stated Tansactfon Purchases Redemptlons - CUSIP Investmen[R Issuer Rate Dale or Deposits or Withtlrawals balance Managed Pool Account 1 (Monthly Summary) 57510197 10197 Local Agency Investment Fund 0.750 0.00 7,500,000.00 Suhtotal 0.00 7,500,000.00 32,9fi9,300.72 Managed Pool Account 2 (Monthly Summary) SYS10507 10507 CalTrustSHort Term Fund 0.770 1,010.50 0.00 Suhtotal 1,010.50 0.00 1,010,578.45 Federal Agency Callables Subtotal 115,994,925.00 Corporate Coupon Bonds Suhtotal 3,992,900.00 N Total 1,010.50 7,500,000.00 157,967,772.17 I r r Run eater 10123/2009-t4'.50 Portfolio CHUL cc PM (PRF_PM3) OymRept 6.41.2026 Repoli Ver. 5 00 Chula Vista Investment Pool onth End ear umher of Securities Portfolio Management Activity Summary September 2008 through September 2009 Yield to Maturity Managed Total 360 365 Pool Investatl Equivalent Equivalent Ra[e umher of Investments Purchased umher of Investments ftedeemetl verage Term Page 5 verage Days to Maturity September 2008 38 183,108,249.07 3.742 3.794 2.774 0 2 1,035 886 October 2006 39 181,079,117.14 3.680 3.731 2.709 3 2 1,008 849 November 2008 37 176,580,470.61 3.597 3.647 2.568 0 2 982 BOB December 2008 37 181,376,370.77 3.357 3.404 2.353 5 5 - 931 770 January 2009 39 198,764,684.51 2.858 2.898 2.046 9 7 778 666 February 2009 43 190,740,701.80 2.782 2.821 7.869 9 5 917 802 March 2009 39 179,249,947.22 2.709 2.747 1.822 0 4 902 771 April 2009 37 193,554,849.37 2.468 2.503 1.607 2 4 779 656 May 2009 39 203,565,491.69 2.369 2.402 1.530 7 5 813 701 June 2009 37 175,184,702.26 2.255 2.286 1.377 4 6 912 809 July 2009 37 175,468,951.01 2.117 2.147 1.035 1 1 915 799 A17IIust 2009 38 161,466,761.59 2.215 2:246 0.925 1 0 1,021 873 S~btember 2009 38 153,967,772.17 2.242 2.273 0.750 0 0 1,071 892 I~ Average 38 781,085,235.63 2.799% 2.838% 1.797 3 3 928 791 N Portfolio CHUL CC Run Data: 70(132009-14:50 - PM (PRF_PM4) SymRep16.412026 Report Vey. 5.00 Security Type Managed Pool Account1 Short Term Pool.Accounts Managed Pool Account2 Federal Agency Coupon Securities Federal Agency Callables Corporate Coupon 9onds J N W Run Dale: 10123/2009 -14:50 Chula Vista Investment Pool Portfolio Management Distribution of Investments By Type September 2008 through September 20 09 September Octoher November December January Fehruary March April 2008 2008 2000 2008 2009 2009 2009 T009 31.9 30.6 31.7 33.9 39.7 27.7 30.3 39.1 0.6 0.6 0.6 0.5 0.5 0.6 0.5 1.6 1.7 1.7 1.7 1.5 1.6 1.7 1.6 66.5 67.2 66.1 62.8 5G.8 68.1 65.3 56.8 1.1 2.0 2.1 2.2 2.1 Page 6 May 2009 June 2009 July 2009 August September 2009 2009 Average by Perictl 38.fi 33.2 33.3 25.1 21.4 32.0 0.5 O.G 0.6 0.6 0.7 0.5 1.5 L1 57.5 63.9 fi3.8 71.8 75.3 64.8 2.0 2.3 2.3 2.5 2.G 1.G Portfolio CHUL CC PM (PRF_PM5) Symftep16.41.2a2b Report Ver. 5.00 Chula Vista Investment Pool Portfolio Management Interest Earnings Summary September 30, 2009 September 30 Month Ending Fiscal Year To Date Page 7 ~- CDICOUpoNDlscount Investments: Interest Collected 0.00 723,900.00 Plus Accrued Interest at End of Period 852,548.62 852,548.62 Less Accrued Interest at Beginning of Period ( 582,624.04) ( 776,962.11) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 269,924.58 799,486.51 Adjusted by Capital Gains or Losses 0.00 ~ 0.00 Earnings during Periods 269,924.58 799,486.51 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 ~ Less Accrued Interest a[ Beginning of Period (~ 0.00) ( 0.00) N Less Accrued Interest at Purchase During Period I ( 0.00) ( 0.00) ~ Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: . Interest Collected 1,010.58 286,269.91 Plus Accrued Interest at End of Period 140,543.53 ~ 140,543.53 Less Accrued Interest at Beginning of Period ( 113,422.60) ( 284,083.13) Interest Earned during Period 28,131.51 142,730.31 Total Interest Earned during Period 298,058.09 942,216.82 ' Total Capital Gains or Losses 0.00 0.00 - Total Earnings during Period 298,056.09 942,218.82 Run eats; 1012312009 -14:50 Portfolio CHUL CC PM (PRF_PM6) SymRept fi.41 202b Report Ver. 5.00 _`~~ /~ City of Chula Vista Chula Vista Investment Pool 27G Fcudh Ave Chula Vista CA 91910 -~-~-~+- Realized Gains and Losses (619)691-5250 CITY OF Sorted By MaturitylSalelCall Date CHU~~~~ SaleslCallslMaturities: September 1, 2009 -September 30, 2009 Investment# Inv. Purchase Issuer Type Dale Par Value Sale Date Current Rate Maturity Dete Days Held Term Maturity/Sale Realized Book Value Proceeds GainlLOSS Total Earnings Total Total Net Earnings Yield 765 D.oo 0 0.00 0.00 o.oD O.aa D.Do No Sales or Maturities r N I N Portfolio CHUL CC CG tPRF_CGR1) SymRept fi.41.202b Rue Dale: 10123/2009 -14:50 ftepprl Ver. 5.00 ~`t!~ City of Chula Vista Chula Vista Investment Pool 276 Fourth Ave , Received Interest Chula Vista CA 91910 CIiY OF Sorted by Date Received -Grouped by Fund (619)691-5250 CHU~~~A Received September 1, 2009 -September 30, 2009 Security Par Current Interest Dale Received CUSIP Inves[mentR Type Value Rate Date Received Amount Received Cash Accounts Funtl: Chula Vlsta Investment Pool September 2009 SY510507 70507 PA1 1,009,5fi7.e7 0.770 09/30/2009 7,010.50 Subtotal 7,010.50 Chula Vista Investment Pool Subtotal 7,070.58 Total 1,070.50 J N ' Portfolio CHUL CC Run Oale: 10123/2009 -1 5:00 RI (PRF_RI) SymRept 6.41.2026 ' Rapod Ver. 5.00 ~~~r, `_ _~ City of Chula Vista Chula Vista Investment Pool 276 Fourth Ave ~v - C hula Vista CA 91910 ~ Accrued Interest (619)691-5250 CITYOI' Sorted by Issuer -Investment Number CHULA VISTA September 1, 2009 -September 30, 2009 Adjusted Acc'd Int. Security Par Ma[urlty Current - 'Beginning at Purchase Interest Interest 'Ending CUSIP Investment# Type Value Date Rate Accmed Interest During Period Earned Received Accrued Interest CalTrust SHort Term Fund SYS70507 10507 PA1 1070,578.45 0.770 844.96 0.00 fi38.95 1,010.58 473.33 Suh[otal 1,010,578.45 844.96 0.00 636.95 7,070.50 477.33 Federal Farm Credit Bank 37331YE82 10452 MC1 3,000,000.00 11/16/2012 4.840 42,350.00 0.00 12,100.00 0.00 54,450.00 37331 GJV2 10509 MC7 4,000,000.00 01/12/2012 2.250 12,250.00 0.00 7,500.00 0.00 19,750.00 31331GL83 10514 MC7 3,000,000.00 01/28/2013 2.fi00 7,150.00 0.00 6,500.00 0.00 13,650.00 31331GLP2 70515 MCt 4,000,000.00 01/30/2014 3.100 10,677.78 0.00 10,333.33 0.00 21,011.11 31331GLY3 10516 MC7 4,000,000.00 02/11/2013 2.850 fi,333.33 0.00 9.500.00 0.00 15,633.33 31331GMW6 10522 MC1 4,000,000.00 02/17/2012 2.470 3,842.22 0.00 9,233.34 0.00 12,075.56 31331GWL9 10537 MC1 4,000,000.00 05/20/2013 2.500 28,055.56 0.00 8,333.33 0.00 36,388.89 31331GWG8 10534 MCi 4,000,000.00 05/21/2012 1.000 20,000.00 0.00 6,000.00 0.00 2fi 000.00 J 3'131 GXN4 10537 MC7 3,000,000.00 OG/03/2013 2.700 19,900.00 0.00 G,750.00 0.00 2 . t Subtotal 33,000,000.00 150,458.89 0.110 75,250.00 0.00 225,700.09 FeTffiral Home Loan Bank 3133XP3C6 10469 MC7 4,000,000.00 01/29/2013 4.000 14,222.22 0.00 73,333.34 D.DD 27,555.56 3133XGJZ6 10477 MC1 3,000,000.00 04/16/2013 3.750 42,187.50 0.00 9,375.00 0.00 51,Sfi2.50 3133XSSD1 10503 MCi 3,000,000.00 12/30/2013 3.000 15,250.00 0.00 7,500.00 0.00 22,750.00 3133XSWZ7 10516 MC7 3,000,000.00 02/17/2012 2.250 2,625.00 0.00 5,625.00 0.00 0,250.00 3133XT5W2 10525 MCi 3,000,000.00 02/24/2014 3.250 1,895.63 0.00 8,125.00 0.00 10,020.63 3133XTNJi 10532 MC7 3,000,000.00 05/20/2013 2.500 21,041.67 0.00 6,250.00 0.00 27,291.67 3133XTP34 10533 MCi 4,000,000.00 05/24/2013 2.550 28,833.33 O.DO 0,500.00 0.00 35,133.33 3133XTWP7 10538 MCi 3,000,000.00 Ofi/22/2012 2.500 14,375.00 0.00 6,250.00 O.OD 20,fi25.00 Subtotal 26,000,000.00 738,230.55 0.00 64,958.34 0.00 203,788.09 Federal Home Loan Mortgage Co. 3128XBCL4 10504 MCt 3,000,000.00 12/30/2011 2.100 10,675.00 0.00 5,250.00 0.00 15,925.00 3128XBFM9 10573 MCi 3,000,000.00 01/27/2012 2.000 5,666.87 0.00 5,000.00 0.00 10,666.67 3128XBGP1 10517 MC1 4000,000.00 02/02/2012 2.250 7,250.00 0.00 7,500.00 0.00 14,750.00 3128XBJB9 10521 MC1 4,000,000.00 02/17/2012 2.450 3,811.11 0.00 8,160.67 0.00 11,977.78 3128X8XSfi 10526 MC1 3,000,000.00 04/27/2012 2.000 20,886.67 0.00 5,000.00 0.00 25,666.fi7 3128X0074 10530 MCi 4,000000.00 05/20/2014 3.170 32,756.fi7 0.00 10,566.66 0.00 43,323.33 3128XDL34 10535 MCi 3,000,OOO.DO 06/09/2014 3.000 20,500.00 0.00 7,SD0.00 0.00 28,000.00 3128XfiL42 10538 MCi 3,000,000.00 08/15/2012 3.000 19,000.00 0.00 7,500.00 0.00 2fi,500.00 Beginning Accrued may not inclu de investments that redemed in the previou s month that had outstanding accrued interest. Ending Accrued includes outstanding purc hase interest. Portfolio CHUL CC AI (PRF_ AO SymRepl n4L2026 Run Date: 1012312009 -14:59 Reporl 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 Accmetl Interest During Period Earned Received Accrued Interest Federal Home Loan Mortgage Co. 3120X9AM2 10540 MCi 4,000,000.00 00/24/2012 2.250 1,750.00 0.00 7,500.00 0.00 9,25[1.00 Suhtotal 31,000,000.00 122,076.12 0.00 53,903.3) 0.00 18fi,059.45 Federal Nat'I Mtg. Assoc. 373fiF9LC5 10496 MC1 3,000,000.00 04/29/2013 4.000 40,66fi.e7 0.00 10,000.00 0.00 50,fifi6.fi7 3136F94M2 10511 MC1 4,000,000.00 01!27/2012 2.000 7,555.56 0.00 6,666.66 -0.00 14,222.22 3136FHAA3 10523 MC1 3000,000.00 (12/1112011 2.000 3,333.33 0.00 5,000.00 0.00 11,333.33 3136FHAL9 10524 MC1 3,000,000.00 05/19/2011 2.200 2,200.00 0.00 S,SOO.OD 0.00 7,700.00 373fiFHMAO 10527 MC1 3,000,000.00 10/29/2012 2.250 22,875.00 0.00 5,625.00 0.00 28,500.00 3139BAXF4 10528 MC1 3,000,000.00 05/12/2014 3.000 27,250.00 0.00 7,500.00 0.00 34,750.00 313fiFHRM9 10529 MC1 3,000,000.00 11!14/2013 2.700 24,075.00 0.00 6,750.00 0.00 30,825.00 3136FHG41 10539 MC7 4,000,000.00 01/02/2013 3.050 19,994.44 0.00 70,766.67 0.00 30,761.11 Suhtotal 26,000,000.00 147,950.00 0.00 57,208.37 0.00 205,758.3) General Electric Cap EHfi4B2796 10499 MC2 2,000,000.00 17)09/2011 3.000 13,770.49 0.00 4,918.03 0.00 10,688.52 3N 7HAH0 10505 MC2 2,000,000.00 Ofi/OB/2012 2.200 10,137.99 0.00 3,fi06.55 0.00 13,744.54 I Subtotal 4,0011,000.00 21,908.48 0.00 8,524.58 0.00 32,433.06 LQRaI Agency Investment Fund 57510197 10197 LAt 32,9fi9,308.72 0.750 112,577.64 0.00 27,492.56 0.00 740,070.20 Subtotal 32,969,308.72 112,577.64 0.00 27,492.56 0.00 140,070.20 Tofal 153,979,887.17 696,046.fi4 0.00 298,056.09 1,010.58 993,092.15 Beginning Accrued may not include investments that redemed in the previous month that had outstanding accrued interest. Ending Accrued includes outstanding purchase interest. Run Oeke: 101232008 -14:59 PoMolio CHUL CC AI (PRF_AI) SymRept 6.41.202b Report Vac 5.00 Schedule of Cash/Investments with Fiscal Agent Maturity Purchase Contractual Federal as of September 30, 2009 Bond Issue Security Description Trust Acct # Type Date Date Par Value Mkt Value Cost Yield 94 CV Pension Oblig Bd Ist American Trs O61ig CL D Corp Tr 95439642 Mutual Funds - - - Var COP 2000A Financing Proj Milestone Treasury Oblig FD Prem Shr 94418720/21124 Mutual Funds 2,008,008 2,008,008 2,008,008 Var AIG-MF LLC Invest Agrmt 94418721 Invtmnt Agrmt 27-Aug-2D 11-Oct-00 - - - 6.340 RDA 2000 Tax Alloc Bonds AMBAC CAP Funding 94418822 Invtmnt Agrmt 01-Sep-30 31-Oct-00 - - - 6.180 Milestone Treasury Oblig FD Prem Shr 9441 8 8 2 0/1 /4 Mutual Funds - - - Var CV Public Financing Authority Milestone Treasury Obllg FD Prem Shr 34430300/1/2/3/4/5/8/9110111/1: Mutual Funds 3,020,797 3,020,797 3,020,797 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-01 426,500 426,500 426,500 5.600 2002 COP Police Facilities US Treasury 94445202 US Trsy Notes 2,021,563 2,118,440 2,118,440 5.835 Milestone Treasury O61ig FD Prem Shr 9444520D/2/4 Mutual Funds 132,420 132,420 132,420 Var CFD 06-I Improvement Area A Cash 94477000 Cash-Fiscal Agt - - - Milestone Treasury Oblig FD Prem Shr 9 4477 0 0 0/3/4/5/6/9 /1 0 Mutual Funds 4,367,885 4,361,885 4,361,885 Var Local Agency Investment Fund 94477005/6/9 Invmnt Agrmt 4,790,242 4,790,242 4,790,242 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 3.700 Milestone Treasury Oblig FD Prem Shr 94652200/1 Mutual Funds 0 0 D Var CFD 2001-2 McMillin-Otay Ranch 6 Milestone Treasury Oblig FD Prem Shr 94 6 5 8 9 0 0/0 3/04/O5/08/09/10 Mutual Funds 1,145,068 1,145,068 1,145,068 Var Cash 946 5 8 90 0-1 0 Cash-Fiscal Agt - - - CFD 08-I Otay Ranch Village 6 Milestone Treasury Oblig FD Prem Shr 16 8 21 0 010 3/0410 5/0 6/0 7 /1 0/1 11' Mutual Funds 2,243,828 2,243,828 2,243,828 Var LAIF 94682105/12 Invmnt Agrmt 1,576,697 1,576,697 1,576,697 Cash 94682100 Cash-Fiscal Agt - - - CFD 07-1 McMillin Otay Rnch VIIg 11 Milestone Treasury Oblig FD Prem Shr 784708000!03/04/05/06/07 Mutual Funds 325,437 325,437 325,437 Var LAIF 784708003!06 Invmnt Agrmt 2,386,403 2,386,403 2,386,403 Cash 784708010 Cash-Fiscal Agt - - - CFD O6-I Improvement Area B Milestone Treasury Oblig FD Prem Shr 786104000/3/4/5 Mufual Funds 1,579,489 1,579,489 1,579,489 Var Cash 786104000-08 Cash-Fiscal Agt - - - 0 209! COP Civic Center Phase I Dreyfus Inst'I Res Treasury 325540-44 Mutual Funds 700 700 700 Var N FSA Capital Management Services LLC 325544 Invmnt Agrml 01-Mar-34 1G-Sep-04 2,395,911 2,395,911 2,395,911 5.205 I Cash Cash-Fiscal Agt - - 208(jCOP Civic Center Phase II Dreyfus Inst'I Res Treasury 1 4 5 7 5 6/5 7/5 8/6 816 9 Mutual Funds 49,685 49,685 49,685 Var FSA Investment Agreement 145757 Invmnt Agrmt 01-Mar-36 17-Mar-2006 7,272,459 7,272,459 1,272,459 5.010 CVPFA 2005 Rev Refunding SerA Milestone Treasury Oblig FD Prem Shr 790488000+ Mutual Funds 10,501,294 10,501,294 10,501,294 Var Ci[igroup GlC#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 26,566,339 32,266,381 32,266,361 Var Cash Cash-Fiscal Agt - - - CFD 01-1 Improvement Area B Milestone Treasury O61ig FD Prem Shr 792183003-10 Mutual Funds 7,519,056 7,519,056 7,579,056 Var CFD 12-I McMillin Otay Rnch Vlig 7 Milestone Treasury OGlig FD Prem Shr 79194900014/5/6/7/8/11/12 Mutual Funds 2,582,036 2,582,036 2,582,036 Var AIG Matched FDG Corp Invst Agrml 791949005/11/12 Invmnt Agrmt - - CFD 13-I Otay Ranch VIIg 7 Milestone Treasury Oblig FD Prem Shr '93774000/03/04/OSI06/07/08/1 ~ Mutual Funds 3,659,807 3,659,807 3,659,807 Var LAIF 793774003 Invmnt Agrmt 1,252,139 1,252,139 1,252,139 Cash 793774011 Cash-Fiscal Agl - - CFD 07-IB McMillin Otay Rnch Vllg 11 Milestone Treasury Oblig FD Prem Shr 7 9 4 3 2 2 0 0 0/0110 3/04/0 5/0 9 Mutual Funds 1,081,487 1,081,487 1,081,487 Var LgIF 794322003 Invmnt Agrtnt 1,006,745 1,000,145 1,006,145 Cash 794322006 Cash-Fiscal Agt - - O6 Sr. Tax Alloc Ref Bonds A Milestone Treasury PS Fund # M5 103986000/05 103986003 Mutual Funds rmt Invmnt A 09-Aug-2027 11-Sep-2006 - 1,027,945 - 1,027,945 - 1,027,945 Var 4.980 Rabobank International NY Branch g 06 Subordinate Tax Alloc Ref Bds Milestone Treasury PS Fund # M5 103987003/05 003 Mutual Funds r [ I t A -2027 11-Sep-2006 26-Se 596 365 1 004 596 004,365 1 596 1,004,365 Var 5.097 CitiGroup Financial Products, Inc. GIC 103987 nvmn g m p , , , RDA 2008 Tax Alloc Ref Bonds Milestone Treasury PS Fund # M5 127926000 to 6011 Mutual Funds 30-Sep-2036 22-Jul-2008 5,194,693 5,194,693 5,194,693 Var CDBG Section 108 Loan Cash -Interest Bearing Acct 1459703226 Restricted Cash 7,982,588 7,902,588 7,982,588 602 038 Var V Orange Tree MHP Cash -Interest Bearing Acct 2324-80156 Restricted Cash d C h 602,038 957 109 3 602,038 3 957 109 , 957,109 3 ar Var RDA Housing Program Cash -Interest Bearing Acct Various Restricte as , , 734 788 , , 788 134 , 734 788 Var CDBG Housing Program Cash -Interest Bearing Acct Various Restricted Cash , 112,560,168 , 118,377,087 , 118,377,087 Grand Total as of September 30, 2009 Filename:J:\finance\d ataVnvest\inv09.xls i:~nance\dataVnvesfVnvlO City of Chula Vista CashlTime Deposits 30-Sep-09 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/Time Deposits as of 09/3012009 2,552,791 0 2,496 495,253 3,050,540 5,900 5,900 310,000 310, 000 3,366,440 j:financeldata\Cash and Time Deposits FY0910 Sep9~-$®9.xls Draft as of October 28, 2009