HomeMy WebLinkAbout2010/09/14 Item 3
CITY COUNCIL
AGENDA STATEMENT
~Ilf:.. CITY OF
~ (HUlA VISTA
SEPTEMBER 14, 2010, ItemL
ITEM TITLE:
INVESTMENT REPORT FOR THE QUARTER ENDED
JUNE 30, 2010
DIRECTOR OF FINAN E/TREASURER~
CITY MANAG
ASSISTANT CITY
SUBMITTED BY:
REVIEWED BY:
4/STHS VOTE: YES D NO I X I
SUMMARY
Transmitted herewith is the City's investment report for the quarter ended June 30, 2010. To
meet the reporting requirements set forth in the California Government Code Sections 53600 et
seq. and the City of Chula Vista Investment Policy, a separate report was distributed to the City
Council as an informational item.
ENVIRONMENTAL REVIEW
The Environmental Review Coordinator has reviewed the proposed activity for compliance with
the California Environmental Quality Act (CEQA) and has determined that the activity is not a
"Project" as defined under Section 15378 (b)(4) of the State CEQA Guidelines; therefore,
pursuant to Section 15060(c)(3) of the State CEQA Guidelines the activity is not subject to
CEQA. Thus, no environmental review is necessary.
RECOMMENDATION
Council accept the report.
BOARDS/COMMISSION RECOMMENDATION
Not applicable.
DISCUSSION
The total cash and investment portfolio as of June 30, 2010 was $191,065,677. This is an
increase of approximately $24,499,133 from March 31, 2010 to June 30, 2010. For the quarter
ended June 30, 2010, the earned interest yield was 1.63 \%, a slight decrease from the 1.647%
reported for the quarter ended March 31, 2010, retlecting reinvestment in a lower interest rate
environment and of maturing securities purchased in periods of higher interest rates. The
weighted average maturity as of June 30, 2010 was 2.17 years which was an increase from the
3-1
SEPTEMBER 14, 2010, Item~
Page 2 of2
prior quarter's 1.86. The weighted average maturity remains suftlciently liquid to enable the
City to meet all operating requirements which might be reasonably anticipated.
DECISION MAKER CONFLICT
Staff has determined that the action contemplated by this item is ministerial, secretarial, manual,
or clerical in nature and, as such, does. not require the City Council memhers 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 (California Government Code S 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 June 30, 2010
Prepared b.v: N Alandery, Treasury lvfanager, Finance Dept.
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CITY OF
CHUIA VISTA
Finance Department
Investment Report for the Quarter Ended June 30, 2010
September 14, 2010
Honorable Mayor and City Council,
I am pleased to present this report of investment activity for the quarter ended June 30, 2010 in
compliance with the reporting requirements as set forth in the California Government Code
Sections 53600 et seq. and the City of Chula Vista Investment Policy. The information
presented in this report highlights the investment activity for the quarter ended June 30, 2010 as
well as provides a comparison to the quarters ended March 31,2010 and June 30, 2009.
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 hopes of stimulating the economy. Two-year Treasuries
yielding 1.02% at the beginning of the quarter dropped significantly to 0.62% at the end of the
quarter as the markets struggle to recover.
The overall consumer price index (CPI) rose 2.0% on a year-over-year basis, and the core CPI
(excluding food and energy) showed a 0.9% increase year-over-year indicating that inflation
remains under control.
Portfolio Composition
The table below provides a summary of the City's total investment portfolio as of June 30, 2010.
The Investment Portfolio ($184,727,973), CashfTime Deposits ($6,337,704) and Bank
Trustee/Fiduciary Funds ($128,483,634) continue to be invested in accordance with the
Government Code, bond covenants and the Council Investment Policy as adopted on March 2,
2010.
3-3
Honorable Mayor and City Council
Investment Report Quarter ended 06/30/2010
Page 2 of 5
Summary of Cash and Investments as of June 30, 2010
% of
Investment Type Par Value Market Value Book Value Portfolio
Investment Portfolio
Federal Securities 133,000,000 133,779,770 132,999,067 41.62%
Pooled Investments 47,727,973 47,796,545 47,727,972 14.94%
Corporate Bonds 4,000,000 4,118,780 3,992,960 1.25%
Subtotal 184,727,973 185,695,095 184,719,999 56.56%
Cash/Time Deposits $6,337,704 $6,337,704 $6,337,704 198%
Total Cash & Investments Held by the City $191,065,677 $192,032,799 $191,057,703 59.79%
Held by Bank Trustee/Fiduciary Funds (1)
U S. Government 34,745,245 40,554.843 34,744,545 10.87%
Investment Agreements 25,166,334 25,166,334 25,166,334 7.88%
Mutual Funds 56,614,650 56,614,650 56,614,650 1772%
Cash with Fiscal Agents 0 0 0 0.00%
Restricted Cash 11,957,406 11,957,406 11,957,406 3.74%
Total Held by Bank Trustee/Fiduciary Funds $128,483,634 $134,293.233 $128,482,934 40.21%
Total Portfolio $319,549,311 $326,326,032 $319,540,637 100.00%
(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.
Portfolio Composition
as of June 30, 2010
US Government Agency
71% \
Corporate Coupon
Bonds
2%
~
, /
/ ~
///
---
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SO County Pool
3%
\"- LAIF (State Pool)
23%
/
I
CalTrust
1%
3-4
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L
Honorable Mayor and City Council
Investment Report Quarter ended 06/30/2010
Page 3 of 5
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.
Quarter-End
Net Interest Earnings
Net Gains (Losses) from Sales
Net Total Income Recognized
Total Portfolio Income Recognized
Accrual Basis
June 30, 2010 March 31, 2010 March 31, 2009
$ 684,640 $ 629,463 $ 1,361,958
$ 24,938
S 684,640 S 629,463 $ 1,386,896
$ 2,990,619 $ 2,306,928 $ 4,839,146
$ 24,938
$ 2,990,619 $ 2,306,928 $ 4,864,084
Total Portfolio
"Fiscal Year-ta-Date
Net Interest Earnings
Net Gains (Losses) from Saies
Net Total Income Recognized
This info comes from the monthly Sympro "fnterest Earnings Summary" reports.
This table shows the City's average yield to maturity as of June
30, 2010 as compared to the County of San Diego and other
cities in the county. Carlsbad and Oceanside both have
dedicated staff that actively manage their portfolios by buying
and selling investments daily as opposed to our more passive
"hold-to-maturity" investment style. Liquidity needs and risk
tolerance can also affect yields.
A enc
Chula Vista
County of San Diego
Carls bad
EI Cajon
Oceanside
San Die 0
Yield
163%
1.02%
2.24%
150%
1.85%
1.52%
Benchmark Comoarison
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 June 2008 through June
2010.
10%
Monthly Benchmark Comparison
45%
40%
3.5%
3.0%
2.5%
2.0%
15%
0.0% .
Jun 08 Sep-OB Dee 08 Mar 09 Jun-09 Sep-09
I --+- City _ LAIF ---A-- 2yr Treasury
Dec-09 Mar-10 Jun 10
_______3yrTreasury I
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~-
0.5%
3-5
Honorable Mayor and City Council
Investment Report Quarter ended 06/30/2010
Page 4 of 5
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 793 days.
BenCRmari<~Y_i1Wi_Qg~ADMfi
City 1 63% 793
LAIF 0.53% 203
2 Year Treasury 0.62% 730
3 Year Treasur 099% 1,095
ADM = Avera e Da s to Maturit
Investment Activitv
During the quarter, twelve investments totaling $38,000,000 matured or were redeemed. These
monies represent pooled cash received from various funding sources such as sewer, RDA,
TDIF, PAD, General Fund, etc. These funds were reinvested through the purchase of twenty
three Federal Agency Securities totaling $78,000,000 using the City's Investment Policy
guideline to ensure safety, liquidity and yield. There is no further activity to report on other than
routine investments in money market mutual funds by the City's fiscal agents.
Conclusion
The total cash and investment portfolio as of June 30, 2010 was $191,065,677. This is an
increase of approximately $24,499,133 from March 31,2010 to June 30,2010. For the quarter
ended June 30, 2010, the earned interest yield was 1.631 %, a slight decrease from the 1 647%
reported for the quarter ended March 31, 2010, reflecting maturing securities purchased In
periods of higher interest rates now being reinvested in a lower interest rate environment.
The weighted average maturity as of June 30, 2010 increased from the previous quarter's 1.86
years to 2.17 years which is within the Council Policy of less than 3.0 years. The weighted
average maturity remains sufficiently liquid to enable the City to meet all operating requirements
that might be reasonably anticipated.
Considering the projected timing of cash receipts and disbursements and the structure of the
Pooled Investment Portfolio, the City should be able to comfortably meet overall cash flow
needs over the next six months. There is no direct fiscal impact by this action.
I certify that this report reflects the City of Chula Vista and related agencies pooled investments
and is in conformity with the State of California Government Code on authorized investments and
with the Investment Policy of the City of Chula Vista as stated in Resolution No 2010-045 dated
March 2, 2010
Respectfully submitted,
Maria Kachadoorian
Director of FinancerTreasurer
3-6
Summary of Cash and Investments as of June 30,2010
I %of
Investment Type Par Value Market Value Book Value Portfolio
Investmtnt Portfolio
Fede al Securities 133,000,000 . 133,779,770 132,999,067 41.62%
poolep Investments 47,727,973 47,796,545 47,727,972 14.94%
Cor rate Bonds 4,000,000 4,118,780 3,992,960 1.25%
Subtotal 184,727,973 185,695,095 184,719,999 56.56%
Cash/Time Deposits $6,337,704 $6,337,704 $6,337,704 1.98%
Total Ca h & Investments Held by the City $191,065,677 $192,032,799 $191,057,703 59.79%
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Held by Bank Trustee/Fiduciary Funds (1)
U. S. povernment 34,745,245 40,554,843
I nveslment Agreements 25,166,334 25,166,334
Mutuell Funds 56,614,650 56,614,650
Cash Ilvith Fiscal Agents 0 0
Restricted Cash 11,957,406 11,957,406
Total H:eld by Bank Trustee/Fiduciary Funds $128,483,634 $134,293,233
I Total Portfolio $319,549,311 $326,326,032
(1) Refle~ts bond proceeds held by trustee in accordance with bond covenants.
Par valu~ is the principal amount of the investment on maturity. All market values contained herein
are recered from sources we believe are reliable, however we do not guarantee their accuracy.
Book val e is the par value of the security plus or minus any premium or discount and accrued
interest t at was included in the purchase price.
34,744,545
25,166,334
56,614,650
o
11,957,406
$128,482,934
10.87%
7.88%
17.72%
0.00%
3.74%
40.21%
$319,540,637 100.00%
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ClIT OR
CHUIA VISTA
Chula Vista Investment Pool
Portfolio Management
Portfolio Summary
June 30, 2010
City of Chula Vista
276 Fourth Ave
Chula Vista CA 91910
(619)691-5250
p" Market Book %of Days to YTM
Investments Value Value Value Portfolio Term Maturity
Managed Pool Accounl1 41,716,061.13 41,784,632.99 41,71606113 22.58 0.528
Managed Pool Account 3 5,000,322,56 5,000,322.56 5,000,322.56 2.71 1 1 1.020
Managed Pool Account 2 1,011,589.03 1,011,589.03 1,011,589.03 0,55 1 1 0.640
r-edera Agency Coupon ecurilies 5,000,000.00 5,066,875.00 5,000,000.00 2.71 1,262 1,135 1.930
Federal Agency Callable 128,000,000.00 128,712,895.00 127,999,066.67 69.29 1,200 1,080 1,979
Corporate Coupon Bond 4000,000.00 4,118,780.00 3,992,960.00 2.16 1,171 617 2.660
164,727,972.72 165,695,094.56 164,719,999.39 100.00% 691 793 1.631
Investments
Total Earnings June 30 Month Ending Fiscal Year To Date Fiscal Year Ending
Current Year I 236,559.19 2,990,619.49 2,990,619.49
AvJr1ge Daily Balance 169,619,033.33 161,357,830.43
EffQ.live Rate of Re lurn 1.52% 1.85%
7-30-/0
Phillip A. Davis, Assi lant Director of Finance
Reporting period 0 101/2010-06/30/2010
Portfolio CHUL
CC
PM (PRF]M1) SymRepl641.202b
Repor1Ver.5.00
RUflOale 07/3012010-16 6
Chula Vista Investment Pool
Portfolio Management
Portfolio Details - Investments
June 30, 2010
Average Purchase
CUSIP Investment # Issuer Balance Dale Par Value Market Value
Managed Pool AccoLnt 1
SYS10197 10197 Local Agency Investment Fund 41,716061-13 41,784,632.99
Subtotal and Average 63,182,727.80 41,716,061.13 41,784,632.99
Managed Pool AceD nt 3
SYS10547 10547 San Diego County Inv Pool 12/28/2009 5,000322.56 5000,322.56
Subtotal and Average 5,000,322.56 5,000,322.56 5,000,322.56
Managed Pool Accorn, 2
SYS10507 10507 CalTrust SHort Term Fund 1,011,589.03 1011,5S9.03
Subtotal and Average 1,010,612.14 1,011,589.03 1,011,589.03
Federal Agency cOll~on Securities
313ijr6UO 10542 Federal Home Loan Bank 10/09/2009 2,000,000.00 2038,750.00
3136 MTQ7 10571 Federal Nat'l Mlg. Assoc. 05127/2010 3,000,000.00 3,028,125.00
CD Subtotal and Average 5,000,000.00 5,000,000.00 5,066,875.00
Federal Agency Call bles
31331GXN4 10537 Federal Farm Credit Bank 06103/2009 3,000,000.00 3,053,437.50
31331JDL4 10553 Federal Farm Credit Bank 02/11/2010 3,000,000.00 3,025312.50
31331JGZO 10556 Federal Farm Credit Bank 03/15/2010 3,000,000.00 3,036,562.50
31331JMA8 10565 Federal Farm Credit Bank 04/26/2010 4,000,000.00 4,002500.00
31331JPS6 10572 Federal Farm Credil Bank 06/02/2010 3,000,000.00 3,011,250.00
31331JPS6 10577 Federal Farm Credit Bank 06/04/2010 3,000,000.00 3,011250.00
31331JRF2 10578 Federal Farm Credit Bank 06114/2010 3,000,000.00 3,004687.50
31331JRM7 10580 Federal Farm Credit Bank 06/16/2010 3,000,000.00 3,005,625.00
3133XTNJ1 10532 Federal Home Loan Bank 05120/2009 3,000,000.00 3,046,875.00
3133XVVSZ3 10550 Federal Home Loan Bank 02/10/2010 3,000,000.00 3,036,562.50
3133XWUB3 10551 Federal Home Loan Bank 02/11/2010 2,000,000.00 2,002,500.00
3133XWU98 10552 Federal Home Loan Bank 02122/2010 3,000,000.00 3,017,812.50
3133XXHS9 10559 Federal Home Loan Bank 03/24/2010 3,000,000.00 3,018,750.00
3133XXGM3 10561 Federal Home Loan Bank 03/30/2010 3,000,000.00 3,031,875.00
3133XXPN1 10562 Federal Home Loan Bank 0410912010 4,000,000.00 4,001,250.00
3133XXWP8 10563 Federal Home Loan l3ank 04i09/2010 2,000,000.00 2,000,625,00
3133XXVR5 10564 Federal Home Loan Bank 04/16/2010 3,000,000.00 3,088,125.00
3133XXZR1 10566 Federal Home Loan Bank 04/26/2010 3,000,000.00 3,013,125.00
3133XY2C8 10568 Federal Home Loan Bank 04/29/2010 3,000,000,00 3,002,812.50
Stated Days to YTM Maturity
Book Value Rate Term Maturity Date
41,716,061.13 0.528 0.528
--~
41,716,061.13 0.528
5,000,322.56 1.020 1.020
--~
5,000,322.56 1.020
1,011589.03 0.640 0.640
--~
1,011,589.03 0,640
2,000,000.00 1.750 1,096 B31 "\.750 101D9/2012
3,000,000.00 2.050 1,372 1,337 2.050 02/27/201'1
--~
5,000,000,00 1,262 1,135 1.930
Page 2
Run Dale:07/30/2010-16.16
3000,000.00
3,000,000.00
3,000,000.00
4000,000.00
2,998,500.00
3000,391.67
3000,000.00
3,000,000.00
3,000,000.00
3,000,000.00
2,000,000.00
3,000,000.00
3,000,000.00
3000,000.00
4,000,000.00
2,000,000.00
3,000,000.00
3,000,000.00
3,000,000.00
2.700
2.420
1.750
1.470
2.350
2.350
1.250
1.800
2.500
2.400
1.800
1.450
1.500
2.000
2.000
1.600
2.490
2.000
1.800
1,461 1068 2.700 06/03/2013
1,461 1,321 2.420 02/1112014
1,096 9BB 1.750 0311512013
914 "8 1.470 lOn6/2012
1,461 1,432 2.363 06/02/2014
1,459 1432 2.350 06/02/2014
823 B06 1.250 09/14/2012
1,188 1,173 1.800 09/'16/2013
1,461 1,054 2.500 OS/20/2013
1,461 1,320 2.400 02/10/2014
1,096 956 1.800 02/11/2013
912 783 1.450 08/22/2012
1.006 907 1.500 12/2412012
1,280 1187 2,000 0913012013
1,096 1,013 2.000 04/09/2013
914 831 1.600 10/09/2012
1,461 1385 2.490 04/16/2014
1,096 1,030 2.000 04/26/2013
1,006 943 1.800 01/29/2013
Portfolio CHUL
CC
PM (PRF ~PM2) SymRepl6 41.2J2b
R(!porIVel.5.00
Investment#
Issuer
Average
Balance
Chula Vista Investment Pool
Portfolio Management
Portfolio Details - Cash
June 30, 2010
Purchase
Date
Stated
Book Value Rate
Page 4
Days to
Term Maturity
TIM
Par Value
Market Value
CUSIP
o
891
o
793 1.631
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RLJIlQale: 0"1130/2010-161
Average Balance
Total Cash and lnvestmentss
0.00
189,619,033.33
184,727,972.72
185,695,094.58
184,719,999.39
Portfolio CHUL
CC
PfI,\ (PRF ]M2) SymRepl G,41.202b
Investment #
SYSI0197
Managed Pool Ac aunt 1 (Monthly Summary)
lssuor
Chula Vista Investment Pool
Portfolio Management
Activity By Type
June 1,2010 through June 30, 2010
StatQd Transaction
Rate Date
Purchases
or Deposits
Page 5
RQdC!rnplions
orWithdrawaJs
Balance
CUS!P
1019?
Local Agency Investment Fund
Subtotal
0.528
0.00
40,000,000.00
0.00
40,000,000.00
41,716,OG1.13
Managed Pool Ac aunt 3 (Monthly Summary)
Subtotal
SYS1050?
Managed Pool Ac aunt 2 (Monthly Summary)
CalTrust SHort Term Fund
10507
Subtotal
5,000,322.56
0.640
1,010.58
1,010.58
0.00
0.00
1,011,589.03
Federal Agency C 'upon Securities
Subtotal
5,000,000.00
-""
Feperal Agency Callables
~
3illlJCA9
31331JPS6
31331JPS6
~n3\JRF2
31331JRI\..17
3133XXLF2
3133XYL45
3133XYR31
3133XYQE8
3133XYPL3
3128X8L34
3128X8L42
3134G1EH3
3134G1FC::
3134G1GT5
3134G1HVJ7
3134G1I1X5
3134G1GX6
10545
10572
10577
1G51B
10580
10560
10573
10575
10576
10581
10535
10536
10574
10579
10582
10583
10584
10585
Federal Farm Credit Gank
Federal farm Credit Gank
Federal r-arm Credit Bank
Federal Farm Credit BanK
Federal Farm Credit f3ank
Federal Horne Loan Bank
Federal Home Loan Bank
Federal Home Loan Elank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Morigage Co,
Federal Home Loan Mortgage Co.
Federal Home Loon Mortgage. Co.
r-ederal Home Loan MOdgage Co.
Federal Home Loan Mortgage Co.
Federal Home Loan Mortgage Co.
Federal Home Loan f'l'1orlgage Co.
Federal Home Loan Mortgage Co.
Subtotal
1.350 06/18/2010
2.350 06/02/2010
2.350 06/04/2010
1.250 06/14/2010
1.800 06/16/2010
2.000 06/24/2010
1700 06103/2010
2.450 06/09/2010
1.500 06/10/2010
,2.000 06/16/2010
3.000 06/09/2010
2.000 06/15/2010
1.30'0 061081201'0
1.550 06/15/2010
1.750 06/24/2010.
1.625 06/28/2010
2.100 06/30/2010
2.050 06/30/2010
0.00
2,998,500.00
3,000,000.00
3,000,000.00
3,000,000.00
0.00
3,000,000.00
4,000,000.00
4,000,000.00
4,000,000.00
0.00
0.00
3,000,000.00
4,000,000.00
3,000,000.00
3,000,000.00
4,000,000.00
4,000000.00
47;.998,500.00
2,000,000.00
0.00
0.00
0.00
0.00
4,000,000.00
0.00
0.00
0_00
0.00
3,000,000.00
3,000,000.00
0.00
0.00
0.00
0.00
0.00
0.00
12,000,000.00
127,999,066.67
Corporate Goupo Bonds
RunDale:07IC1D/2010-16:16
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Portfolio CHUL
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PM (PRF ]M3) SymRepl 6 <11,202b
Report Vel. 5.00
Chula Vista Investment Pool
Portfolio Management Page 7
Activity Summary
June 2009 through June 2010
Yield to Maturity Managed Number Number
Month Numberof Total 3GO 365 Pool of Investments of Investments Avorage Aver<:lge
End Year Securities lnvestad EquIvalent Equivalent Rate Purchased Redeemed Term Days to Maturity
June 2009 37 175,1E4,702.26 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
August 2009 38 161,466,761.59 2.215 2.246 0.925 1 0 1,021 873
September 2009 38 153,967,772.17 2.242 2.273 0.750 0 0 1,071 892
October 2009 38 145,078,134.30 2.228 2.259 0.646 2 2 1,088 884
November 2009 35 134,079,144.88 2.106 2.136 0.611 0 3 1,039 819
December 2009 33 143,077,123.72 1.877 1.903 0.569 1 3 889 680
January 2010 31 158,128,680.36 1.603 1.626 0.558 3 5 724 560
February 2010 29 152,133,930.36 1.509 1.530 0.577 6 8 697 578
Marcil 2010 35 158,133,930.36 1.624 1.647 0.547 6 0 811 680
April 2010 39 169,221,107.72 1.602 L624 0.588 7 3 819 705
Mll!!> 2010 36 188,720,09714 1.367 1.386 0.560 2 5 647 555
Jub 2010 46 184,719,999.39 1.609 1.631 0.528 14 4 891 793
'" Average 36 161,490,795.02 1.873% 1.899% 0.713 4 3 886 741
Hun Oa\6:07/3012010-16: 6
Portfolio CHUL
CC
Plo1 (PRF _P~.\.j) Symn"pI8.41 .20Lb
Report VeL 5.00
Chula Vista Investment Pool
Portfolio Management Page 8
Distribution of Investments By Type
June 2009 through June 2010
June July August Septamber October November DQcQmber January February March April Mey June Averuge
Security Type 2009 2009 2009 2009 2009 2009 2009 2010 2010 2010 2010 2010 2010 by Period
Managed Pool Account 1 33.2 33.3 25.1 21.4 18.7 20.2 30.8 ~3.1 44.8 34.9 30.3 433 22.6 30,9%
Short Term Pool Afcounts 0.7 0.6 3.3 3.2 3.0 2.7 2.7 1.2%
Managed Pool Account 3
I 0.6 0.6 0.6 0.7 0.7 0.8 0.7 0.6 0.7 0.6 0.6 0.5 0.6 0.6%
Managed Pool Account 2
Federal Agency co/upon Securities 1.4 1.5 14 1.3 1.3 1.3 1.2 2.7 2.7 1.1%
Federal Agency Callables 63.9 63.8 71.8 75.3 76.5 74.6 63.6 51.9 47.3 57.6 62.6 48.8 69.3 63.6%
Corporate Coupon Bonds 2.3 2.3 2.5 2.6 2.8 3.0 2.8 2.5 2.6 2.5 2.4 2.1 2.2 2.5%
w
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Portfolio CHUL
CC
Run Date. 07130/2010-16'16
. ._---'-~~--'--'--+~--'--~~-
Pt.1 (rRF ]MS) SymRepl 6.'11.202lJ
Reporl Ver. 5 00
Chula Vista Investment Pool
Portfolio Management
Interest Earnings Summary
June 30, 2010
Page 9
June 30 Month Ending
Fiscal Year To Dnte
GO/CouponlDiscount Investments:
Interest Collected
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
Less Accrued Interest at Purchase During Period
2,903,03~.77
509,580.52
( 775,628.78)
( 5,6~ 1.67)
2,631,344.84
0.00
2,631,344.8~
0.00
0.00
0.00)
0.00)
0.00
0.00
0.00
0.00
534,355.46
109,002.32
284,083.13)
359274.65
2,990,619.49
0.00
2,990,619.49
203,175,00
509,580.52
( 509,437.86)
( 391.67)
202,925.99
0.00
202,925.99
0.00
0.00
0.00)
0.00)
0.00
0.00
0.00
0.00
1,010.58
109002.32
76,379.70)
33,633.20
236,559.19
0.00
236,559.19
Jnterest Earned during Period
Adjusted by Cap tal Gains or Losses
Earnings during Periods
W
I
~
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
.;.
Interest Earned during Period
Adjusted by Premiums and Discounts
Adjusted by Capital Gains or Losses
Earnings during Periods
Cash/Checking Accounts:
Interest Collected
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
Interest Earned during Period
Total Interest Earned during Period
Total Capital Gains or Losses
Total Earnings during Period
R"" 0:, 0713012010 -16'[ .
-"--'-I~---'~-- ----~--<---.-~-......._-;;..~~-
Portfolio CHUL
CC
PM {PRr' _PM6} SymRepI6.<l1.202b
ReporlVer. 5,00
~~~
~ City of Cllula Vista
'.", ." I
.-'C:-,'h' ....1P;-... ". ". Chula Vista Investment Pool
~.~~ 276 Fourtll Ave
~~o;1 Sales/Call Report Chula Vista CA 91910
(619)691-5250
CHUIA VISTA Sorted by Maturity Date - Fund
June 1,2010 - June 30, 2010
Issuer PurchasB-edem. Date Par Rate at Book Value Redemption Redemption Total
CUS1P Inyestment# Fund Sec. Type Dat~Matur. Oato Value Redern. at Redem. Principal Interest Amount Net Income
04/19/2012 +5
3133LCA9 POOL FFCB 01/19/2010 06/1Bf2010 2,000000.00 1.350 2,000,000.00 2,000000.00 4,425.00 2,oa'1,425.00 4,425.00
Mel 04/1D!2012 Call
Subtotal 2,000,000.00 2,000,000.00 2,000,000.00 4,425.00 2,004,425.00 4,425.00
06/15f20i2 I
3128X8L42 10536 POOL FHLMC 06/15/2009 06/15/2010 3,000000.00 2.000 3,000,000.00 3,000,000.00 30,000.00 3,030,000.00 30,00000
Me1 06/15/2012 Carr
Subtotal 3,000,000.00 3,000,000.00 3,000,000.00 30,000.00 3,030,000.00 30,000.00
06/24/2013
3i33XXLF2 10 560 POOL FHLB 03/24/2010 06/24/2010 4000,000.00 2.000 4,000,000.00 4,000,000.00 20,000.00 4,020,000.00 20,000.00
rVlC1 06/24/2013 Cal]
--C.ol Subtotal 4,000,000.00 4,000,000.00 4,000,000.00 20,000.00 4,020,000.00 20,000.00
0610~12014
~
312!tf1L34 10535 POOL FHLMC 06/09/2009 06/09/2010 3,000,000.00 3.000 3,000,000.00 3,000,000.00 45,000.00 3,045,000.00 45,000.00
Me1 06/09/2014 Call
Subtotal 3,000,000.00 3,000,000.00 3,000,000.00 45,000.00 3,045,000.00 45,000.00
Managed Pool With rawals Withdrawal Withdrawal Current Withdrawal Withdrawal
Date Amount Rate Amount Amount
I
SYS10197 10197 POOl. LAIF 07}01/2009 06/07/2010 tJ,ooa,ooo.OO 0.52tJ 8,000,000.00 tJ,OOO,OOO 00
I
SYS10197 10197 POOL LAIF 07/01/2009 06/10/Z010 8,000,000.00 0.528 8,000,000.00 0,000,000.00
SYS10197 1d197 POOL LAIF 07/01/2009 06/14/Z010 4,000,000.00 0.528 4000,000.00 4.000,000.00
I
SYS10197 1 197 POOL LAIF 07101/2009 06/i6/Z010 6000,000.00 0.528 6,000,00000 6,000,000.00
SYS10197 1197 POOL LAIr: 07/01/2009 06/24/2010 3,000,000.00 0.528 3,000,000.00 3,000,000.00
SYS10197 1 197 POOL LAir: 07{01/2009 06/2tJ/2010 3,000,000.00 0.528 3,000,000.00 3,000,000.00
SYS10197 1 197 POOL LAIF 0710112009 06/30/2010 8,000,000.00 0.528 8,000,000.00 8,000000.00
Subtotal 40,000,000.00 40,000,000.00 40,000,000.00
Total S<1les and Withdrawals 52,000,000.00 12,000,000.00 52,000,000.00 99,425.00 52,099,425.00 99,425.00
Run Dale: 07130/2010-16:50
Portfolio CHUL
CC
SA (PI~f _SA) SymRepIG.<11.202b
Repoll Ver. 5.00
~ ~ ft,1
~~
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~
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- -
CITY OF
CHULA VISTA
I
Chula Vista Investment Pool
Received Interest
Sorted by Date Received - Grouped by Fund
Received June 1, 2010 - June 30, 2010
City of Cllula Vista
276 Fourth Ave
Chul8. Vista CA 91910
(619)691-5250
Date Received
GUStP
Invnstment#
Security
Type
Par Current
Value Rate
Date Due Date Received
Interest
Amount Due
Amount Received
Variance
. I I
Fund: Chula Vista Investmnnt poo
0'>
31331GXN4 10537 MC1 3,000000,00 2.700 U6!02f2010 06/Q3f2010 40,500.00 40,500_00
38967liAHO 10508 MCZ 2,000,000.00 2.200 DB/OEl/20i0 06/08/2010 22,000,00 22,000.00
3128X8L34 10535 MC1 0.00 3.000 06/09/2010 06/09/2010 45,000.00 45,000.00
EH6482796 10499 MC' 2,000000.00 3,OGQ 08/0912010 D6JD9!20~ [J 30,000.00 30,000,00
312BXBL42 10536 MC1 0.00 2.000 06J15/2010 08f15/2010 .30,000.00 30,000.00
31331JCA9 10545 Me1 0.00 1.350 06/18/2010 06f18J2010 4,425.00 4,425.00
3133XXHS9 10559 MC1 3,000,000.00 1.500 06/24f2010 06/24/2010 11,250.00 11,250.00
3133XXLF2 10560 MC1 0.00 2000 06/2.1f2010 06f24/2010 20,000.00 20,000.00
Subtotal 203,175.00 203,175.00
Chula Vista Investment Pool Subtotal 203,175.00 203,175.00
Tolal 203,175.00 2D3,175.DD
Total Cash Overpayment 0.00
Tolal Cash Shortfall 0.00
-3>"\\, ~I
-kU-J'-\j0.D
1-->c~(VC' s-r
June2010
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Run Dale: 07/3012010-15:45
Portfolio CHUL
CC
RI (PRF _RI) SynlRepl G,'11.202b
ReporlVw E.lIO
~vd
,c:a..,.......~
~
~
CllY OF I
CHULA VISTA
GUSIP
Investment #
CalTrust SHort Ter Fund
5Y510507
10507
Subtotal
1,011,589.03
1,011,589.03
3,000,000.00 06/03/2013
000 04/19/2012
3000,000.00 02/11/2014
3,000,000.00 03115/2013
4,000,000.00 10/26/2012
3,000,000.00 06/02/2014
3,000,000.00 06/02f2014
3000,000.00 09f14/2012
3,000,000.00 09/16/2013
25,000,000.00
3000,000.00 OS/20/2013
2,000,000.00 10109/20" 2
3,000,000.00 02/10/2014
2,000,000.00 02/1112013
3,000,00000 08/22f2012
3000,000.00 12124/2012
0.00 06124/2013
3,000,000.00 09/30/2013
4,000,000.00 04/09/2013
2,000,000.00 10/09/2012
3,000,000.00 04/1612014
3000,000.00 04/26/2013
3,000,000.00 01129/2013
3,000,000.00 06/03/2013
4,000,000.00 06/09/2014
4,000,000.00 12/10/2012
4000,000.00 12/1612013
49,000,000.00
Federal Farm Credit Bank
31331GXN4 10537
31331JCA9 10545
31331JDL4 10553
31331JGZO 10556
31331JMA8 10565
31331JPSG 10572
31331JPSS 10577
31331JRF2 10578
313~fJRM7 10580
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Chula Vista Investment Pool
Accrued Interest
Sorted by Issuer - Investment Number
June 1,2010 - June 30, 2010
Security
Type
Por
Value
Maturity
Date
PA1
MC1
MC1
MC1
MC1
MC1
MC1
MC1
MC1
MC1
Subtotal
Federal Home Loan ank
3133XTNJ1 110532
3133XV6UO 110542
3133XVVSZ3 10550
3133XVVUB3 10551
3133XWU98 10552
3133XXHS9 10559
3133XXLF2 10560
3133X?;GM3 10561
3133XXPN1 10562
3133XXVVPB 10563
3133XXVR5 10564
3' 33XXZR 1 10566
3133XY2C8 10568
3133XYL45 10573
3123XYR31 10575
3133XYOE8 10576
3133XYPL3 10581
MC1
FAC
MC1
MC1
MC1
MC1
MGI
MC1
MC1
MC1
MC1
MCI
MC1
MC1
MC1
Me1
MC1
Subtotal
Current
Rate
0.640
2.700
1.350
2.420
1.750
1.470
2.350
2.350
1.250
1.800
2.500
1.750
2.400
1.800
1.450
1,500
2.000
2.000
2.000
1.600
2.490
2.000
1.800
1.700
2.450
1.500
2.000
.. Beginning
Accrued Interest
Adjusted Acc'd Int.
ilt Purchase
During Period
City of Chula Vista
276 Fourth Ave
Chula Vista CA 91910
(619)691-5250
Jnterest Intorest . Emling
Earned Received Accrued Interest
51555 1,01058 2,376.79
515.55 1,010.58 2,376.79
6750.00 40,500,00 6300.00
1,275.00 4425.00 0.00
6,050.00 0.00 28.233.33
4,375.00 0.00 15,458.3:.'
4,900.00 0.00 106W,57
5679.17 0.00 5,679.17
5,287.50 0.00 5,679.17
1,770.83 0.00 1,TiO 83
2,250.00 0.00 2,250.00
38,337.50 44,925.00 75,987.50
6,250.00 0.00 8,E4167
2,916.66 0.00 7,972.22
6,000.00 0.00 28200.00
3,000.00 0_00 14000.00
3,625.00 0.00 15,587.50
3750.00 11250.00 875.00
5,111.11 20,000.00 0.00
5,000.00 0.00 15166,67
6,6G6.66 0.00 18222.22
2,666.67 0.00 7288.89
6,225.00 0_00 15,562.50
5000.00 0.00 10,833.33
4,500.00 0.00 9,300,00
3,966.67 0.00 3,966.67
5,988.89 0.00 5.98809
3,500.00 0.00 3500,00
3333_33 0.00 3333.33
77,499.99 31,250.00 168,338.89
* Beginning Accrue may not include investments that redemed in the previous month that had outstanding accrued interest. Ending Accrued includes outstanding purchase interest.
Portfolio CHUL
CC
RUfl Date: 0713012010-16"WI
-~~~~~
2,871.82 0.00
2,871.82 0.00
40,050.00 0.00
3,150.00 0.00
22183.33 0.00
11,083.33 0.00
5,716.67 0.00
0.00 0.00
0.00 391.67
0.00 0.00
0.00 0.00
82,183.33 391.67
2,291.67 0.00
5,055.56 0.00
22,200.00 0.00
11,000.00 0,00
11,962.50 0.00
8,375.00 0.00
14,888,89 0.00
10,166.67 0.00
11,555.56 0.00
4,622.22 0,00
9,337.50 0.00
5,833.33 0.00
4,800.00 0.00
000 0.00
0.00 0.00
0.00 0.00
0.00 0.00
122,088.90 0.00
AI (PRF _AI) SymRept 6.41.202b
Report VeL 500
Schedule of CaShflnvestlents with Fiscal Agent
as 01 June 30, 2010 I
Bond Issue Security Description
94 CV Pension Oblig Bd I 1st American Trs Oblig CL 0 Corp Tr
COP ZOOOA Flntlllcing Proj Milestone Treasury Oblig FQ r~rem Shr
CV Public Financing Aut.hiritY Milestone Treasury Oblig FQ Prem Shr
2001-1/2001-2 RAD Trinity Plus Funding Co InvstAgrml
Trin.ty Plus Funding Co lnvsl Agrml
2002 COP Po ice Facilitl8$ US Treasury
j Milestone Treasury Obrg FD Prem Shr
CFa 06-[ Improvement Ar a A Cash
M leslone Treasury Oblig FD Prem Shr
Local Agency Investment Fund
FHLB 1.550 08f10/2012
2003 Refunding Cert of P rfclpation FSA Capital Mgmt Invs! Agreement
J M-resione Treasury Oblig FD Pram Shr
CFD 2001-2 McMillin-Ota Ranch 6 Milestone Treasury Oblig FD Prem Shr
I FHL8 1.550 08/10/2012
CFO 08-1 Olay Ranch Vill1ge 6 Milestone Treasury Oblig FO Prem Shr
LAIF
FNMA MTN 1.850 03/25/2013
CFO 07-1 McMillin Otay R ,ch VlIg 11 Mi es!one Treasury Obrg FD Prem Shr
I LAir-
CFO 06- Improvement Ar~a 8 Milestone Treasury Oblig FO Prem Shr
I FNMA NlTN 1.850 03f25/20 13
2004 COP Civic Center P I ase I Dreyfus Inst'l Res Treasury
FSA Capital Management Services LLC
2006 COP Civ c Center Phase II Dreyfus inst'J Res Treasury
I FSA Investment Agreement
CVPFA 2005 Rev Refunding Sor A Milestone Treasury Oblig FD Prem Shr
(.0) I Ciligroup GIC #87~615.1
I US Treasury
CFD ~1 Improvement A ea B Milestone Treasury Oblig FO Prem Shr
I FNrJlA MTN 1.850 03(25/2013
CFD 12-1 McMillin Otay R ch VI g 7 Milestone Treasury Oblig FO Prem Shr
FNMA MTN 1_850 03/25/2013
CFO 13-1 Otay Ranch Vllg 7 Milestone Treasury Oblig f:O Prem Shr
LAIF
CFO 07-18 MCM. i1lin Ota. Y "I nch Vllg 11 Milestone Treasury Oblig FO Prem Shr
LAIF
2010 COP C'p'lal Fa"lille~s Refccdlcg ~~::lo'e Tre"cCJ' Obl19 FD Prem Shr
06 Sr. Tax Alloc Ref Bond A Milestone Treasury PS Fund # M5
Rabobank Internationa NY Branch
06 Subordinate Tax A lac ef Bds Milestone Treasury PS Fund # M5
! Ci/iGrOl,p F,ranciaJ Products, lne. GIC
RDA 2008 .Tax Alloe Rof landS M lestone Treasury PS Fund # M5
CDBG Sedan 108 Loan Cash -Interest Bearing Acel
Orange Tree MHP Cash - Interest Bearing Acet
HOA Housmg Program Cash - Interest Bearing Acct
CDBG Housing Program Cash - Interest Bear ng Acel
Grand Total as of June 0,2010
F iJeJ1 a m e: J - \fin a nee\da ta \i hvest\inv 1 O.xls
i_nnanceldalalinve, 1\lnvlO xis
Fiscal Malurity Purchase Cont-actua! Book
Trust Acet # Agent Type Date Dale Par Value Mkt Value Value Yeld
9543961\2 US Bank MF Mutual Funds Ver
94418720/21/24 US Bank MF Mutual Funds 119,020 119,020 119020 Var
H430300/1/2!3/4f5/8/9f1 0/11/1: US Bank MF Mutual Funds 5,606069 5,606,069 5,606,069 Var
94430303 US Bank IA Invtmnt Agrmt 02-Sep-17 04-Sep-01 1,201,778 1,201,778 1201,778 5.600
94430312 US Bank IA Invlmnt Agrml 02-Sop-17 04-Sep-0 1 426,500 426,500 426,500 5.800
94445202 US Bank use US Trsy Notes 2021,563 2,144,380 2,021,563 5.835
94445200/2/4 US Bank MF Mutual Funds 31,753 31,753 31,753 Var
94477000 US Bank CFA Cash-Fiscal Agt
94477000/3/4/5/6/9/10 US Bank MF Mutual Funds 3,580,372 3,580,372 3,580,372 Var
94477005/6/9 US Bank IA Invmnt Agrmt 4,814,998 4,814,998 4,814,998 Var
94477003 US Bank use us Trsy Notes .10-Aug-2012 31-Mar-2010 2700,000 2,703,375 2,700,000 1_550
94652201 US Bank IA InvmntAgrmt 01-Sep-12 11-Jun-03 1,132,000 1,132000 1,132000 3,100
94652200/1 US Bank MF Mutual Funds 17,254 17,254 17,254 Var
94658900/03/04/05/08/09/10 US Bank MF Mutual Funds 974,740 9;'4,740 974,740 Va,
94658903 US Bank use US Trsy Notes 10-Aug-2012 31-Mar-2010 700,000 700,875 700,000 1_550
~6132100/03104/05/0G/07/1 0/11/' US Bank MF Mutual Funds 1,716,764 1,716,764 1,716,764 IJar
94682105/12 US Bank IA Invmnt Agrmt 1,584,854 1,584,854 1584,854
94682103 US Bank use us Trsy Not8S 25-Mar-2013 25-Mar-2010 1,500,000 1,512,195 1,499.700 1.850
784708000/03/04/05/06/07 US Bank MF rJlutual Funds 1,628394 1,628,394 1,628,394 Var
784708003f06 US Bank IA Invmnl Agrmt 2,398735 2,398,735 2,398,735
786104000/3(4/5 US Bank MF fV'u~U81 Funds 1,473,642 1,473,642 1,473,642 Var
786104003 US Bank use US Trsy Notes 25-Mar-2013 25-Mar-2010 500,000 504,065 499,900 1,850
325540-44 BNY MF Mutual Funds Var
325544 BNY IA Invmnt Agrmt 01-Mar-34 16-Sep-04 2,395911 2,395,911 2,395,911 5_205
145756/57/58/68/69 BNY MF Mutual Funds 48,956 48,956 48956 Var
145757 BNY IA InvmnlAgrmt 01-Mar-36 17-Mar-2006 1,272,459 1,272,459 1,272,459 5_010
790488000+ US Bank MF Mutual Furds 15,562,530 15,562,530 15,562,530 Va,
Reserve Accounts US Bank IA Invmnt Agrmt 01-Sep-2032 6,436,873 6,436873 6436,873 4.889
Escrow Accounts US Bank use US Trsy Notes 25,823 682 31.477.758 25,823682 V"
792183000-10 US Bank MF Mutuai Funds 6,333,153 6,333,153 6,333,153 Va,
792183003 US Bank use US Trsy Notes 25-Mar-2013 25-Mar-2010 500,000 504,065 499,900 1.850
791949000/4/5/6/7/8/11/12 US Bank MF Mutual Funds 2648,192 2,648,192 2648,192 Var
791949004 US Bank use us Trsy Notes 25-Mar-2013 25-Mar-2010 1,000,000 1,008,130 999,800 1_850
'93774000(03/04/05/06107108/11 US Bank MF Mutual Funds 4,802,433 4,802,433 4,802,433 Var
793774003 US Bank IA invmnt Agrmt 1,258,610 1,258,610 1,258,610
794322000101103/04/05109 US Bank MF Mutual Funds 2,488,460 2,488,460 2,488460 Vm
794322003 US Bank Iii IllvmntAgrmt 211,308 211308 211,308
136267000-136267005 US Bank MF Mutual Funds 4,387,376 4,387,376 4,387,376 Ver
136267005 US Bank CFA Cash-Fiscal Agt
103986000105 US Bank MF Mutual Funds 0 0 0 Var
103986003 US Bank IA Invmnt Agrmt 09-Aug-2027 11-Sep-2006 1,027,945 1,027,945 1,027945 4.980
103987003/05 US Bank MF Mutual Funds 596 596 596 Ver
103987003 US Bank IA InvmnlAgrmt 26-Sep-2027 11-Sep-2006 1,004365 1.004,365 1,004,365 5.097
127926000 to 6011 US Bank MF Mutual Funds 30-Sep-203G 22-JUI-20a8 5,194,945 5.194,945 5,194,945 Va'
1459703226 B of A RC Restr"eled Cash 7,327,707 7327,707 7,327,707 Var
2324-80156 B of A RC Restricted Cash 613,519 613,519 613519 Var
Various BofA RC Restricted Cash 4,014,740 4,014,740 4,014740 VBr
Various B of A RC Restricted Cash 1,441 1,441 1441 Var
128,483,634 134,293,233 128,482,934
City of Chula Vista
CashlTime Deposits
30-Jun-10
CASH IN BANK
Bank of America - General Account
Bank of America - Payroll Account
California Bank - Direct Deposit Account
Wells Fargo Bank-CV Workers Camp Account
CASH ON HAND
Petty Cash Fund
TIME DEPOSIT
Bank of America Time Deposit
Cash/Time Deposits as of 06/30/2010
6,017,797
(1,827)
1,886
129,534
5,269
185,044
6,147,390
5,269
185,044
6,337,704
j:finance\data\Cash and Time Deposits FY0910 JUNE 30 2010.xls
3-19
Draft, as of 0713012010
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CITY OF CHULA VISTA
CITY COUNCIL(and or RDA) AGENDA SUBMITTAL FORM
(Aoenda statement eooies with all attachments should be submitted to City Manaoer (2). City Attornev (3)
and Finance (3) bv Mondav noon 15 days orior to Council meetina)
(one form per separate agenda statement item)
H*""Please save as H:\ Agenda Submittals ~ COUNCILlapplicabfe date subfofder"'''u
FOR MEETING DATE 09/14/2010 SUBMITTED BY: N. MANDERY
DEPARTMENT: FINANCE
EXT. 3116
FOR PLACEMENT: (check one)
o
X
o
o
Special Orders of the Day
Consent Calendar
Public Hearings
Board/Cmsn Recommendations
o
o
o
o
Action Items
City Manager's Report or Ex. Dir's
Mayor's Report or Chair's Report
Council Comments or Agency
BUDGET AMENDMENT REQUIRED: YES D
(Budqet Detail Form Required)
NO D
YES D
NO X
4/5ths VOTE REQUIRED:
TITLE: (as it will appear on the agenda statement):
o ORDINANCE:
o RESOLUTION:
~
REPORT:
RECORDING REQUIRED? YES D NO D
INVESTMENT REPORT FOR THE QUARTER ENDED JUNE
30,2010
o PUBLIC HEARING:
o PROCLAMATION
SUMMARY (2 or 3 sentences that briefly summarize the requested action and inform
the public what 'the' item is about): The quarterly Investment Report provides
information on various cash balances, investment transactions and the status of the
pooled investment portfolio in accordance with the Government Code and the City's
Investment Policy.
RECOMMENDATION: That Council accept the report.
COORDINATED WITH (if
applicable):
NAME
.Jill Maland
DATE
08/27/10
x
CITY A TTORJ"'-EY'S
OFFICE
ADMINISTRATION
FINANCE
o
o
3-20