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Home My WebLink About2011/05/17 Item 03CITY COUNCIL AGENDA STATEMENT ~~~ CITY OF CHULAVISTA MAY 17, 2011, Item ITEM TITLE: INVESTMENT REPORT FOR THE QUARTER ENDED MARCH 31, 2011 SUBMITTED BY: DIRECTOR OF FIN /TREASURED °~ REVIEWED BY: CITY MANAGER ASSISTANT CITY ANAGER ~T 4/STHS VOTE: YES ~ NO ~X SUMMARY Transmitted herewith is the City's investment report for the quarter ended March 31, 2011. To meet the reporting requirements set forth in the Califomia 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 March 31, 2011 was $173,138,653. This is an increase of approximately $7,085,467 from December 31, 2010 to March 31, 2011. The increase in cash reflects the receipt of in-lieu property and sales taxes received from the State. For the quarter ended March 31, 2011, the earned interest yield was 1.502%, a decrease from the 1.676% reported for the quarter ended December 31, 2010, reflecting higher yielding investments being redeemed and then reinvested at lower interest rates. The weighted average maturity as of March 31, 2011 was 2.44 years, a decrease from the 2.89 years in the prior quarter. The weighted 3-1 MAY 17, 2011, Item Page 2 of 3 average maturity remains sufficiently liquid to enable the City to meet all operating requirements which might be reasonably anticipated. DECISION MAKER CONFLICT Staff has reviewed the decision contemplated by this action and has determined that it is not site specific and consequently the 500 foot rule found in California Code of Regulations section 18704.2(a)(1) is not applicable to this decision. CURRENT YEAR 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 March 31, 2011 Prepared by N Mandery, Treasury Manager, Finance Dept. 3-2 ~~fl/ riA~: _.__... CIN OF CHULAVIS Finance Depa Investment Report for the Quarter Ended March 31, 2011 May 17, 2011 Honorable Mayor and City Council, I am pleased to present this report of investment activity for the quarter ended March 31, 2011 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 March 31, 2011 as well as provides a comparison to the quarters ended December 31, 2010 and March 31, 2010. Market Overview The Federal Open Market Committee (FOMC) continues 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 0.60% at the beginning of the quarter rose significantly to 0.825% at the end of the quarter. The overall consumer price index (CPI) rose 2.1% on ayear-over-year basis, and the core CPI (excluding food and energy) showed a 1.1% 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 March 31, 2011. The Investment Portfolio ($166,436,078), Cash/Time Deposits ($6,702,575) and Bank Trustee/Fiduciary Funds ($90,490,112) continue to be invested in accordance with the Government Code, bond covenants and the Council Investment Policy as adopted on February 22, 2011. 3-3 Honorable Mayor and City Council Investment Report Quarter ended 03/31/2011 Page 2 of 4 Summary of Cash and Investments as of March 31, 2011 Investment Type Par Value Market Value Book Value Portfolio Investment Portfolio Federal Securities 121,000,000 120,334,835 120,998,125 45.90% Pooledlnvestments , 41,436,078 41,487,789 41,436,078 15.72% Corporate Bonds 4,000,000 4,078,500 3,992,960 1.51% Subtotal 166,436,078 165,901,124 166,427,163 61.62% Total Cash & Investments Held by the City $173,138,653 $172,603,699. $173,129,738 65.67% Held by Bank TrusteelFiduciary Funds (1 ~ U. S. Government Investment Agreements` Mutual Funds* Cash with Fiscal Agents Restricted Cash 5,421,563 5,515,466 5,421,563 2.06% 14,897,830 14,897,830 14,897,830 5.65% 59,375,206 59,375,206 59,375,206 22.52% 0 0 0 0.00% 10.795.513 10.795.513 10.795.513 4.10% Total Portfolio $263,628,765 $263,187,714 $263,619,850 100.00% (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 March 31, 2011 US Government Agency 73% Corporate Coupon ~ Bonds CalTrust 2% 1% SD County Pool 3% LAIF (State Pool) 21% 3-4 Honorable Mayor and City Council Investment Report Quarter ended 03/31/2011 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 March 31, 2011 December 31, 2010 March 31, 2010 Quarter-End Net Interest Earnings $ 656,198 $ 613,317 $ 629,463 Net Gains (Losses) from Sales $ - $ - $ - Net Total Income Recognized $ 656 198 $ 613,317 $ 629,463 Fiscal Year-to-Date Net Interest Earnings $ 1,932,226 $ 1,276,028 $ 2,308,604 Net Gains (Losses) from Sales $ 4 700 $ 4,700 $ - Net Total Income Recognized $ 1,936,926. $ 1,280,728 $ 2,308,604 This info comes from the monthly Sympro "Interest Earnings Summary" reports. This table shows the City's average yield to maturity as of March 31, 2011 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. Benchmark Comparison The following graph compares the the monthly average yields for Investment Fund (IAIF) and the March 2011. 3.0°/a 2.5 2.0 1 .5% 1.0% 0.5 0.0°/a enc Yield Chula Vista 1.50% County of San Diego 0.76% Carlsbad 2.06% EI Cajon 1.09% Oceanside 1.66% San Die o 0.92% monthly earned interest yield of the City's Portfolio Fund with the same period of the State of California Local Agency two-year and three-year treasury from March 2009 through Monthly Benchmark Comparison 3-5 Mar-09 Jun-09 Se -09 Dec-09 Mar-10 Jun-10 Se -10 Dec-10 Mar-11 y-Qry ~LAIF -~2yr Treasury --~H 3yr Treasury Honorable Mayor and City Council Investment Report Quarter ended 03/31/2011 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 891 days. Investment Activity Benchmark rYield ~'=~ 'rADM ' City 1.50% 891 LAIF 0.50% 193 2 Year Treasury 0.83% 730 3YearTreasur 1.29% 1,095 ADM = Avera a Da s to Maturit During the quarter, seven investments totaling $22,000,000 were redeemed prior to their maturity dates. 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 four Federal Agency Securities totaling $13,000,000 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 held by the City as of March 31, 2011 was $173,138,653. This is an increase of approximately $7,085,467 from December 31, 2010 to March 31, 2011. For the quarter ended March 31, 2011, the earned interest yield was 1.502%, a decrease from the 1.676% reported for the quarter ended December 31, 2010, reflecting higher yielding investments being redeemed and then reinvested at lower interest rates. The weighted average maturity as of March 31, 2011 decreased from the previous quarter's 2.89 years to 2.44 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. 2011-020 dated February 22, 2011. Respectfully submitted, !`l~ l~/~-' Y~ I al~ Maria Kachadoorian Director of Finance/Treasurer 3-6 Summary of Cash and Investments as of March 31, 2011 Investment Type Investment Portfolio of Par Value Market Value Book Value Portfolio Federal Securities 121,000,000 120,334,835 120,998,125 45.90% Pooled Investments 41,436,078 41,487,789 41,436,078 15.72% Corporate Bonds 4,000,000 4,078,500 3,992,960 1.51% Subtotal 166,436,078 165,901,124 166,427,163 61.62% Cash/Time Deposits $6,702,575 $6,702,575 $6,702,575 2.54% Total Cash & Investments Held by the City $173,138,653 $172,603,699 $173,129,738 65.67% Held by Bank Trustee/Fiduciary Funds (1) U. S. Government Investment Agreements* 4, Mutual Funds* !, Cash with Fiscal Agents Restricted Cash Total Held by Bank Trustee/Fiduciary Fu 5,421, 563 14,897,830 59,375,206 0 10,795,513 90,490,112 5,515,466 14,897,830 59,375,206 0 5,421,563 2.06% 14,897,830 5.65% 59,375,206. 22.52% 0 0.00% 10,795,513 4.10% 90.490,112 34.33% Total Portfolio $263,628,765 $263,187,714 $263,619,850 100.00% (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. ~~t~i -~ ~~. CITY OF CHUTAVISTA Investments Managed Pool Account 1 Managed Pool Account 3 Managed Pool Account2 Federal Agency Coupon Securities Federal Agency Callables Corporate Coupon Bonds Investments Chula Vista Investment Pool Portfolio Management Portfolio Summary March 31, 2011 Par Value Market Value Book Value -, % of Portfolio Term 35,386,124.36 35,437,634.92 35,366,124.36 21.26 1 5037,354.34 5,037,354.34 5,037,354.34 3.03 1 1, 012, 599.61 1, 012, 599.61 1, 012, 599.61 0.61 1 5,000,000.00 5,039,260.00 5,000,000.00 3.00 1,262 116,000,000.00 115,295,575.00 115,998,125.00 69.70 1,455 4,000,000.00 4,078,500.00 3,992,960.00 2.40 1,171 166,436,078.31 165,901,723.87 - 160,427,163.31 100.00% 1,081 Total Earnings March 31 Month Ending Current Year 214,689.00 OOerage Daily Balance 166,782,002.02 ~ective Rate of Return - ~ 1.52% 7 ~ f ~~~~ ~ ~ Z-C7 ~i Phillip A. Davis, Assistant Director of Finance Reporting period 03/01/2011-0313112011 ~RU\n/D/ale: 04!1412011 -15:56 J Fiscal Year To Date 1,936,926.45 164,120,410.03 1.57% Portfolio CHUL CC PM (PRF PM1) SymRep16.41.202b Report Ver. 5.00 City of Chula Vista 276 Fourth Ave Chula Vista CA 91910 (619)691-5250 Days to YTM 1 0.500 1 0.760 1 0.500 861 1.930 1,229 1.791 343 2.660 891 1.502 Chula Vista Investment Pool Portfolio Management Portfolio Details -Investments March 31, 2011 Page 2 Average Purchase S[atetl Days to YTM Maturity CUSIP Investme nt# Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity Oate Managed Pool Account1 - SY510197 10197 Local Agency Investment Fund 35,386,124.36 35,437,834.92 35,386,124.36 0.500 1 1 . 0.500 Subtotal and Average 30,708,705.01 35,386,124.36 35,437,834.92 35,386,724.36 1 1 0.500 Managed Pool Account3 SYS10547 10547 San Diego County Inv Pool 5,037,354.34 5,037,354.34 5,037,354.34 0.760 1 1 0.760 Subtotal and Average 5,037,354.34 5,037,354.34 - 5,037,354.34 5,037,354.34 1 1 0.760 Managed Pool Account2 SYS10507 10507 CalTrust SHOn Tenn Fund 1,012,599.67 1,012,599.81 1,012,599.61 0.500 1 1 0.500 Subtotal and Average 1,072,599.67 1,012,599.67 1,012,599.61 1,072,599.67 1 1 0.500 Federal Agency Coupon Securities 3133XV6U0 70542 Federal Home Loan Bank 10/09/2009 2,000,000.00 2,033,200.00 2,000,000.00 1.750 1,096 557 1.750 10/09/2012 3'~FMTQ7 10571 Federal Nat'I Mtg. Assoc. 05/27/2010 3,000,000.00 3,006,060.00 3,000,000.00 2.050 1,372 1,063 2.050 02/27/2014 ~ Subtotal antl Average 5,000,000.00 5,000,000.00 5,039,260.00 5,000,000.00 7,262 861 1.930 Federal Agency Callables 31331GXN4 10537 Federal Farm Credit Bank 06/03/2009 3,000,000.00 3,011,700.00 3,000,000.00 2.700 1,461 794 2.700 06/03/2013 31331JGZ0 10556 Federal Farm Credit Bank 03/15/2010 3,000,000.00 3,020,550.00 3,000,000.00 1.750 1,098 714 1.750 03/15/2013 31331 JA29 10593 Federal Farm Credit Bank 09/03/2010 3,000,000.00 2,970,900.00 3,000,000.00 1.300 1,369 1,159 1.300 06/03/2074 31331JF32 10594 Federal Farm Credit Bank 09/14/2010 4,000,000.00 3,922,440.00 4,000,000.00 1.875 1,82fi 1,627 1.875 09/14/2015 31331JH55 10595 Federal Farm Credit Bank 09/21/2010 3,000,000.00 2,941,830.00 3,000,000.00 1.675 1,826 1,634 1.875 09/21/2015 31331JT45 10601 Federal Farm Credit Bank 10/19/2010 3,000,000.00 2,909,310.00 3,000,000.00 1.500 7,826 1,662 7.500 10/19/2015 31331J4X8 10605 Fetleral Farm Credit Bank '12/15/2010 3,000,000.00 2,957,970.00 3,000,000.00 1.700 1,461 1,354 1.700 12/15/2014 31331 KAP5 10612 Federal Farm Credit Bank 01/27/2017 4,000,000.00 3,979,040.00 4,000,000.00 1.375 1,096 1,032 1.375 01/27/2014 3133XTNJ1 10532 Federal Home Loan Bank 05/20/2009 3,000,000.00 3,006,460.00 3,000,000.00 2.500 1,461 780 2.500 05/20/2013 3133XXVR5 10564 Federal Home Loan Hank 04/1612010 3,000,000.00 3,038,250.00 3 000,000.00 2.490 1,461 1,111 2.490 04/16/2074 3133XYL45 10573 Federal Home Loan Bank 06/03/2010 3,000,000.00 3,006,390.00 3,000,000.00 1.700 1,096 794 1.700 06/03/2013 313370Y77 10596 Federal Home Loan Bank 09/27/2010 4,000,000.00 3,927,640.00 4,000,000.00 1.700 1,642 1,456 1.700 03/27/2015 313371KR6 10603 Federal Home Loan Bank 11/15/2010 3,000,000.00 2,942,850.00 3,000,000.00 1.125 1,277 1,140 1.125 05/15/2014 3133723L6 10606 Federal Home Loan Bank 12/21/2010 3,000,000.00 2,977,200.00 3,000,000.00 2.200 1,826 1,725 2.200 12/21/2015 3128XBXS6 10526 Federal Home Loan Mortgage Co. 04/27/2009 3,000,000.00 3,003,780.00 2,998,125.00 2.000 1,09fi 392 2.022 04/27/2012 3134G1GT5 10582 Federal Home Loan Mortgage Co. 06/24/2010 3,000,000.00 3,006,480.00 3,000,000.00 1.750 1,279 998 1.750 12/24/2073 3134G1HW7 10583 Federal Home Loan Mortgage Co. 06/28/2010 3,000,000.00 3,009,720.00 3,000,000.00 1.625 1,096 879 1.625 06/28/2073 3134G1HX5 10584 Federal Home Loan Mortgage Co. 06/30/2010 4,000,000.00 4,016,000.00 4,000,000.00 2.100 1,461 1,188 2.100 06/30/2014 3134G1GX6 10585 Federal Home LOan Moriqage Co. 06/30/2010 4,000,000.00 4,014,800.00 - 4,000,000.00 2.050 1,461 1,186 2.050 06/30/2014 Portfolio CHUL CC Run Dale: 05/04/201 1 - 13:15 PM (PRF_PM2) SymRept e41.202b Report Ver. 5 00 Chula Vista Investment Pool Portfolio Management Portfolio Details -Investments March 31, 2011 Page 3 Average Purchase Stated Days to YTM Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Term Maturity Date Federal Agency Callables 3134GiPL2 10592 Federal Home Loan Mortgage Co. 08126/2010 4,000,000.00 3,996,800.00 4,000,000.00 1.550 1,280 1,062 1.550 02126/2014 3134GiTR5 10598 Fetleral Home Loan Mongage Co. 09/30/2010 4,000,000.00 3,922 920.00 4,000,000.00 2.000 1,826 1,843 2.000 09/30/2075 313461 UT9 10599 Federal Home Loan Mortgage Co. 09/30/2010 3,000,000.00 2,961,430.00 3,000,000.00 1.250 1,187 1,004 1.250 12/30/2013 313461X01 10602 Federal Home Loan Mortgage Co. 10/28/2010 3,000,000.00 2,937,960.00 3,000,000.00 1.150 1,369 1,214 1.150 07/28/2014 313461765 10611 Federal Home Loan Mortgage Co. 01/25/2011 3,000,000.00 2,990,280.00 3,000,000.00 1.500 1,277 1,211 1.500 07/25/2014 373461487 10614 Federal Home Loan Modgage Co. 02/23/2011 3,000,000.00 2,998,650.00 3,000,000.00 1.350 912 875 1.350 08/23/2013 3136FM4W1 10586 Federal Nat'I Mtg. Assoc. 07/28/2010 3,000;000.00 2,999,340.00 3,000,000.00 7.500 1,370 1,723 1.500 04/28/2014 313fi FMfiW9 10587 Federal Nat'I Mtg. Assoc. 07/29/2010 3,000,000.00 2,968,320.00 3,000,000.00 2.000 1,734 1,488 2.000 04/28/2015 3136FMSL4 10589 Federal Nat'I Mtg. Assoc. 08/05/2010 4,000,000.00 3,959,280.00 4,000,000.00 2.000 1,826 1,587 2.000 08/05/2015 3136FMSG5 10590 Federal Nal'1 Mtg. Assoc. 08/12/2010 2,000,000.00 1,990,660.00 2,000,000.00 2.125 1,826 1,594 2.125 08/12/2015 3136FM7E8 10591 Federal Nat'I Mtg. Assoc. 08/18/2010 3,000,000.00 3,003,900.00 3,000,000.00 1.500 1,280 1,054 1.500 02/18/2014 3136FPLG0 10597 Federal Nat'I Mtg. Assoc. 09/28/2010 4,000,000.00 3,966,720.00 4,000,000.00 1.300 1,277 1,092 1.300 03!28/2014 31398A5T5 70604 Federal Nat'I M19. Assoc. 11/17/2010 3,000,000.00 2,930,625.00 3,000,000.00 1.750 1,826 1,691 1.750 11/77/2015 3 BA7C0 10607 Federal Nal'I Mtg. Assoc. 12/23/2010 3,000,000.00 2,991,060.00 3,000,000.00 7.450 1,096 997 1.450 12/23/2013 3 FPT72 10608 Federal Nat'I Mtg. Assoc. 12/29/2010 3,000,000.00 3,001,440.00 3,000,000.00 1.875 7,461 1,368 1.875 72/29/2014 3(SAFPU88 10609 Federal Nat'I Mtg. Assoc. 12/30/2010 3,000,000.00 2,984,730.00 3,000,000.00 2.500 1,826 1,734 2.500 12/30/2015 3136FP5R4 70613 Federal Nat'I M[g. Assoc. 02/17/2011 3,000,000.00 3,006,750.00 3,000,000.00 2.500 1,826 1,783 2.500 02/17/2016 Subtotal and Average 121,030,383.06 716,000,000.00 175,295,575.00 115,998,125.00 1,455 1,229 1.791 Corporate Coupon Bonds EH6482796 70499 General Electric Cap 12!09/2008 2,000,000.00 2,037,280.00 1,994,260.00 3.000 1,095 252 3.101 12/09/2011 36967HAH0 10508 General Electric Cap 01/08/2009 2,000,000.00 2,041,220.00 1,998,700.00 2.200 1,247 434 2.220 06/08/2012 Subtotal antl Average 3,992,960.00 4,000,000.00 4,078,500.00 3,992,960.00 1,171 343 2.660 Total and Average 166,782,002.02 Run Date'. 05I04I2011 - 13'.15 166,436,078.31 165,901,123.87 166,427,163.31 1,081 891 1.502 Portfolio CHUL CC PM (PRP_PM2) 6ymRep1641 202b Chula Vista Investment Pool Portfolio Management Activity By Type March 1, 2011 through March 31, 2011 Page 4 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Dale or Deposits or Withdrawals Balance Managed Pool Account 1 (Monthly Summary) SYS10197 10197 Local Agency Investment Fund 0.500 5,000,000.00 7,000,000.00 Subtotal 5,000,000.00 7,000,000.00 35,386,124.36 Managed Pool Account 3 (Monthly Summary) Subtotal 5,037,354.34 Managed Pool Account 2 (Monthly Summary) Subtotal 1,012,599.61 Federal Agency Coupon Securities Subtotal 5,000,000.00 Feral Agency Callables 3133)0(HS9 10559 Federal Home Loan Bank 1.500 03/2412011 0.00 3,000,000.00 f 3'~y3XXGM3 10561 Federal Home Loan Bank 2.000 03/30/2011 0.00 3,000,000.00 Subtotal 0.00 6,000,000.00 115,998,125.00 Corporate Coupon Bonds Subtotal 3,992,960.00 Total 5,000,000.00 13,000,000.00 766,427,163.31 Run Date'. 0510412011 -13:15 Portfolio CHUL CC PM (PRF_PM3) $ymRepl6.4L202b Repon Ver. 5.00 Chula Vista Investment Pool Portfolio Management Activity Summary March 2010 through March 2011 Page 5 Yield to Maturity Managetl Number Number Month Number of Total 360 365 Pool of Investments of Investments Average Average End Year Securities Inves[etl Equivalent Equivalent Ra[e Purchased Redeemetl Term Days to Maturity March 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 1.624 0.588 7 3 819 705 May 2010 36 188,720,097.14 1.367 1.386 0.560 2 5 647 555 June 2010 46 184,719,999.39 1.609 1.631 0.528 14 4 891 793 July 2010 41 174,800,901.83 1.533 1.554 0.531 2 7 849 748 August 2010 42 163,822,695.63 1.606 1.628 0.513 5 4 974 860 September 2010 40 158,823,803.96 1.541 1.562 0.500 7 9 1,022 904 October 2010 40 152,886,453.20 1.542 1.563 0.480 2 2 1,077 945 November 2010 42 149,386,453.20 1.602 1.624 0.454 2 0 1,165 1,006 December 2010 46 157,386,453.20 1.653 1.676 0.462 5 1 1,226 1,055 January 2011 47 181,427,163.31 1.505 1.526 0.538 2 1 1,079 914 F~ruary 2011 45 174,427,163.31 1.481 1.502 0.512 2 4 1,070 900 M1rch 2011 43 166,427,163.31 1.482 1.502 0.500 0 2 1,081 891 N Average 42 167,706,414.27 1.550 % 1.571 % 0.516 4 3 978 843 Portfolio CHUL CC Run Date: 05/0412011 - 13.15 PM (PRF_PM4) SymRept 6.4L202b Report Ver. 5.00 Chula Vista Investment Pool Portfolio Management Distribution of Investments By Type March 2010 through March 2011 March April May June July Security Type 2010 2010 2010 2010 2070 _ Managed Pool Account 1 34.9 30.3 43.3 22 6 27.9 Short Term Pool Accounts _ Managed Pool Account 3 3.2 3 0 2 7 2 7 2.9 Managed Pool Account 2 0.6 0 6 0 5 0 6 0.6 Federal Agency Coupon Securities 1 3 _ 1.2 2.7 _ 2 7 2 9 Federal Agency Callables 57.6 62 6 48 8 69 3 _ 63.5 Corporate Coupon Bonds _ _ 2.5 _ 2.4 2.1 2.2 2.3 W W Run Date: 05/0412011 -13:15 Page 6 August September October November December January February March Average 2010 2010 2010 2010 2010 2011 2011 2011 by Period 21.2 22.5 19.5 13.6 11.0 20.6 21.4 21.3 23.9% 3.1 3.2 3.3 3.4 3.2 2.8 2.9 3.0 3.0% 0.6 0.6 0.7 0.7 0.6 0.6 0.6 0.6 0.6% 3.1 3.2 3.3 3.4 3.2 2.8 2.9 3.0 2.7% 69.6 68.0 70.6 76.3 79.4 71.1 69.9 69.7 67.4% 2.4 2.5 2.6 2.7 2.5 2.2 2.3 2 4 2.4% Portfolio CHUL CC PM (PRF_PM5) SymRepI6.4L202b Reporl Ver 5.00 Chula Vista Investment Pool Portfolio Management Interest Earnings Summary March 31, 2011 March 31 Month Ending Fiscal Year To Date Page 7 CD/Coupon/Discount Investments: Interest Collected 251,875.00 1,767,358.32 Plus Accrued Interest at End of Period 518,586.43 518,586.43 Less Accrued Interest at Beginning of Period ( 572,795.96) ( 509,580.58) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 197,665.47 1,776,364.17 Adjusted by Capital Gains or Losses 0.00 4,700.00 Earnings during Periods 197,665.47 1,781,064.17 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 W Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) I Less Accrued Interest at Purchase During Period ( 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 CashlChecking Accounts: Interest Collected 0.00 208,105.59 Plus Accrued Interest at End of Period 55,231.14 55,23i.i4 Less Accrued Interest at Beginning of Period ( 38,207.61) ( 107,474.45) Interest Earned during Period 17,023.53 155,862.28 Total Interest Earned during Period 214,669.00 1,932,226.45 , Total Capital Gains or Losses 0.00 4,700.00 Total Earnings during Period Run Date: OSI04I2011 - 13:15 214,689.00 1,936,926.45 Portfolio CHUL CC PM (PRF_PM6)SymRept 6.4L202b Report Ver. 5.00 ~«~i City of Chula Vista Chula Vista Investment Pool 276 Fourth Ave Received Interest Chula Vista CA 91910 CITY OF Sorted by Date Received -Grouped by Fund (619)691-5250 CHULAVISTA Received March 1, 2011 -March 31, 2011 Security Par Current Interest Date Received CUSIP Investment# Type Value Rate Dale DUe Dale Received Amount Due Amount Received Variance Fund: Chula Vlsta Investment Pool March 2011 31331JF32 10594 MCi 4,000,000 .00 1.875 03/14/2011 03/14/2011 37,500.00 37,500 .00 - 31331JGZ0 10556 MCi 3,000,000 .00 1.750 03/15/2011 03/15/2011 26,250.00 26,250 .00 - 31331JH55 10595 MC1 3,000,000 .00 1.875 03/21/2011 03/21/2011 28,125.00 28,125 .00 - 3133XXHS9 10559 MC1 0 .00 1.500 03/24/2011 03/24/2011 11,250.00 11,250 .00 - 313370Y77 10596 MC7 4,000,000 .00 1.700 03/27/2011 03/28/2011 34,000.00 34,000 .00 - 3136FPLG0 10597 MCi 4,000,000 .00 1.300 03/28/2011 03/28/2011 26,000.00 2fi,000 .00 - 3133XXGM3 10561 MC7 0 .00 2.000 03/3012011 03/30/2011 30,000.00 30,000 .00 - 3134GiTR5 10598 MCi 4,000,000 .00 2.000 03/30/2011 03/30/2011 40,000.00 40,000 .00 - 3134G1UT9 10599 MCt 3,000,000 .00 1.250 03/30/2011 03/30!2011 18,750.00 18,750 .00 - Subto[al 251,875.00 251,875 .00 W Run Dale: 05104/2011 - 13:21 Chula Vista Investment Pool Subtotal Total Total Cash Overpayment Total Cash Shortfall 251,875.00 251,875.00 251,075.00 251,875.00 0.00 a.oo Portfolio CHUL CC Rt (PRF_RO BymRept 6.41.202b Report Ver. 5.00 `~~ ~~ City of Chula Vista Chula Vista Investment Pool 276 Fourth Ave Realized Gains and Losses Chula Vista CA 91910 (619)691-5250 CIIYOF Sorted By Maturity/SalelCall Date CHULAVISTA SaleslCallslMaturities: March 1, 2011 -March 31, 2011 Inves[ment# Issuer Inv. Type Purchase Date Par Value Current Rate Sale Date Maturity Date Days Held Term Book Value Maturity/Sale Proceetls Realizetl GainlLoss Total Earnings Total Total Net Earnings Yieltl 365 10559 MC1 03/24/2010 3,000,000.00 03/24/2011 365 3,000,000.00 3,000,000.00 0.00 45,000.00 45,000.00 1.500 Federal Home Loan Bank 1.500 12/24/2012 1,006 10561 MC1 03/30/2010 3,000,000.00 03/30/2011 365 3,000,000.00 3,000,000.00 0.00 fi0,000.00 fi0,000.00 2.000 Federal Home Loan Bank 2.000 09/30/2013 1,280 Total Realized GainslLosses 6,000,000.00 6,000,000.00 0.00 105,000.00 105,000.00 1.750 W C7) Portfolio CHUL CC Run Date'. OS/04I2011 - 73:22 GG (PRF_CGR7) SymRep16.41.202b Repod Ver. 5.00 ~~t~i City of Chula Vista Chula Vista Investment Pool 276 Fourth Ave ~"~'~' Accrued Interest Chula Vista CA 91910 CfIYOF Sorted by Issuer -Investment Number (619)691-5250 CHULAVISTA March 1, 2011 -March 31, 2011 Adjusted Acc'tl Int Security Par Maturity Current "Beginning a[ Purchase Interest Interest "Ending CUSIP Investment# Type Value Dale Rate Accrued Interest During Period Earned Recelvetl Accrued Interest CalTrust SHort Term Fund SY510507 10507 PA1 1,012,599.61 0.500 5,135.06 0.00 430.01 0.00 5,565.07 Subtotal 1,012,599.61 5,135.06 0.00 430.01 0.00 5,565.07 Federal Farm Credit Bank 31331GXN4 10537 MCi 3,000,000.00 06/03/2013 2.700 19,800.00 0.00 6,750.00 0.00 26,550.00 31331JGZ0 10556 MC7 3,000,000.00 03/15/2013 1.750 24,208.33 0.00 4,375.00 26,250.00 2,333.33 31331JA29 10593 MC7 3,000,000.00 06/03/2014 1.300 9,533.33 0.00 3,250.00 0.00 12,783.33 37331JF32 10594 MC7 4,000,000.00 09/14/2015 1.875 34,791.67 0.00 6,250.00 37,500.00 3,547.67 31331JH55 10595 MC1 3,000,000.00 09/21/2015 1.875 25,000.00 0.00 4,687.50 28,125.00 1,562.50 31331JT45 10601 MC1 3,000,000.00 10/19/2015 1.500 16,500.00 0.00 3,750.00 0.00 20,250.00 31331J4X8 10605 MCi 3,000,000.00 12/15/2074 1.700 10,766.67 0.00 4,250.00 0.00 15,016.67 31&31 KAP5 10612 MCi 4,000,000.00 01/27/2074 1.375 5,794.44 0.00 4,583.34 0.00 9,777.78 Subtotal 26,000,000.00 145,794.44 0.00 37,895.84 91,875.00 91,815.28 Federal Home Loan Bank 3133XTNJ1 10532 MC1 3,000,000.00 05/20/2013 2.500 21,041.67 0.00 6,250.00 0.00 27,291.67 3133XV6U0 70542 FAC 2,000,000.00 10/09/2012 1.750 13,805.56 0.00 2,916.66 0.00 18,722.22 3133XXHS9 10559 MCi 0.00 72/24/2012 1.500 8,375.00 0.00 2,075.00 11,250.00 0.00 3133XXGM3 10561 MC7 0.00 09/30/2013 2.000 25,166.67 0.00 4,833.33 30,000.00 0.00 3133XXVR5 10564 MCi 3,000,000.00 04116/2014 2.490 28,012.50 0.00 6,225.00 0.00 34,237.50 3133XYL45 10573 MCt 3,000,000.00 06/03/2013 1.700 12,466.67 0.00 4,250.00 0.00 16,716.67 313370Y77 10596 MC7 4,000,000.00 03/27/2015 1.700 29,088.89 0.00 5,666.67 34,000.00 755.56 313371KR6 10603 MC1 3,000,000.00 05/15/2014 1.125 9,937.50 0.00 2,812.50 0.00 12,750.00 3133723L6 10606 MC1 3,000,000.00 12/21/2015 2.200 12,833.33 0.00 5,500.00 0.00 18,333.33 Subtotal 21,000,000.00 760,727.79 0.00 41,329.76 75,250.00 726,806.95 Federal Home Loan Mortgage Co. 3128X8X56 10526 MC1 3,000,000.00 04/27/2012 2.000 20,666.67 0.00 5,000.00 0.00 25,666.67 3134G1GT5 10582 MCi 3,000,000.00 12/24/2013 1.750 9,770.83 0.00 4,375.00 0.00 14,145.83 3134G1HW7 10583 MC1 3,000,000.00 06/28/2013 1.625 6,531.25 0.00 4,062.50 0.00 12,593.75 3134G1HX5 10584 MC7 4,000,000.00 06/30/2014 2.100 14,233.33 0.00 7,000.00 0.00 21,233.33 3134G1GX6 10585 MCi 4,000,000.00 06/30/2014 2.050 13,894.44 0.00 6,833.34 0.00 20,727.78 3134G1 PL2 10592 MCt 4,000,000.00 02/26/2014 1.550 861.11 0.00 5,166.67 0.00 6,027.78 3134GiTR5 10598 MC1 4,000,000.00 09/30/2015 2.000 33,555.56 0.00 6,666.66 40,000.00 222.22 3134G1UT9 10599 MC1 3,000,000.00 12/30/2013 1.250 15,729.17 0.00 3,125.00 18,750.00 104.17 Beginning Accrued may not include investments that redemed in the previous month that had outstanding accrued interest. Ending Accrued includes outstanding purchase interest Run Date: 05/04/2011 -13:22 Portfolio CHUL CC AI (PRF_AI) SymRep1641.202b Report Ver. 5.00 Chula Vista Investment Pool Accrued Interest Sorted by Issuer -Investment Number Page 2 Adjusted Acc'tl Int. Security Par Maturity Current "Beginning a[PUrchase Interest Interest "Entling CUSIP Inves[ment# Type Value Dale Rate Accruetl Interest During Period Earned Received Accrued Interest Federal Home Loan Mortgage Co. 3134G1XU1 10602 MC1 3,000,000.00 07/28/2014 1.150 3,162.50 0.00 2,875.00 0.00 6,037.50 3134G1Y65 10611 MCt 3,000,000.00 07/25/2014 1.500 4,500.00 0.00 3,750.00 0.00 8,250.00 3134G 1487 10614 MC1 3,000,000.00 08/23/2013 1.350 900.00 0.00 3,375.00 0.00 4,275.00 Subtotal 37,000,000.00 125,804.86 0.00 52,229.17 58,750.00 119,284.03 Federal Nat'I Mtg. Assoc. 3136FMTQ7 10571 FAC 3,000,000.00 02/27/2014 2.050 683.33 0.00 5,125.00 0.00 5,808.33 3136FM4W1 10586 MC1 3,000,000.00 04/28/2014 1.500 15,375.00 0.00 3,750.00 0.00 19,125.00 3136FM6W9 10587 MC1 3,000,000.00 04/28/2015 2.000 20,500.01 0.00 5,000.00 0.00 25,500.01 3136FM5L4 10589 MC1 4,000,000.00 08/05/2015 2.000 5,777.78 0.00 6,666.66 0.00 12,444.44 3136FM5G5 10590 MC1 2,000,000.00 08/12/2015 2.125 2,243.06 0.00 3,541.66 0.00 5,784.72 3136FM7E8 10591 MC1 3,000,000.00 02/18/2014 1.500 1,625.00 0.00 3,750.00 0.00 5,375.00 3136FPLG0 10597 MC7 4,000,000.00 03/28/2014 1.300 22,100.00 0.00 4,333.33 26,000.00 433.33 31398A5T5 10604 MCt 3,000,000.00 11/17/2015 1.750 15,166.67 0.00 4,375.00 0.00 19,541.67 31398A7C0 10807 MC1 3,000,000.00 12123/2013 1.450 8,216.67 0.00 3,625.00 0.00 11,841.87 3136FPT72 10608 MC1 3,000,000.00 12/29/2014 1.875 9,687:50 0.00 4,687.50 0.00 14,375.00 3Q,8bFPU88 10609 MC1 3,000,000.00 12/30/2015 2.500 12,708.33 0.00 6,250.00 0.00 18,958.33 31~6FP5R4 10613 r MC7 3,000,000.00 02/17/2016 2.500 2,916.67 0.00 6,250.00 0.00 9,166.67 ~ Subtotal 37,000,000.00 117,000.02 0.00 57,354.15 26,000.00 148,354.17 General Electric Cap EH6482796 10499 MC2 2,000,000.00 12/09/2011 3.000 13,516.48 0.00 5,109.89 0.00 18,626.37 36967HAH0 10508 MC2 2,000,000.00 06/08/2012 2.200 9,952.37 0.00 3,747.26 0.00 13,699.63 Subtotal 4,000,000.00 23,468.85 0.00 8,857.15 0.00 32,326.00 Local Agency Investment Fund SY510197 10197 LA1 35,386,124.36 0.500 25,525.30 0.00 13,342.02 0.00 38,867.32 Subtotal 35,386,124.36 25,525.30 0.00 13,342.02 0.00 38,867.32 San Diego County Inv Pool SYS70547 10547 LA3 5,037,354.34 0.760 7,547.25 0.00 3,251.50 0.00 10,798.75 Suhtotal 5,037,354.34 7,547.25 0.00 3,251.50 0.00 10,798.75 Total 166,436,078.31 611,003.57 0.00 274,669.00 251,875.00 573,817.57 " Beginning Accrued may not include investments that redemed in the previous month that had outstanding accrued interest. Ending Accrued includes outstanding purchase interest. Run Oa1e: 051042017 -13:22 Portfolio CHUL CC AI (PRF_AO SymRepi 6.41.202b Report Ver. 5 00 Schetlule of Cash/Investments with Fiscal Agent Fiscal Maturity Purchase Contractual Book as of March 31, 2011 Bond Issue Security Description Trust ACCt# Agent Type Date Date Par Value Mkt Value Value Yieltl CV Public Financing Authority Milestone Treasury Oblig FD Prem Shr 34430300/1/2/3/4/5/8/9/10/11/1: US Bank MF Mutual Funds 4,625,462 4,625,462 4 625,462 Var 2001-1/2001-2 RAD Trinity Plus Funding Co Invst Agrmt 94430303 US Bank IA Invtmnl Agrmt 02-Sep-2017 04-Sep-01 1,201,778 1,201,778 1,201,778 5.600 Trinity Plus Funding Co Invst Agrmt 94430312 US Bank IA Invtrnnt Agrml 02-Sep-2017 04-Sep-01 426,500 426,500 426,500 5.600 2002 COP Police Facilities US Treasury 94445202 US Bank USC US Trsy Notes 2021,563 2,113,120 2,021,563 5.835 Milestone Treasury Oblig FD Prem Shr 94445200!2/4 US Bank MF Mutual Funtls 5 5 5 Var CFD 06-1 Improvement Area A Milestone Treasury Oblig FD Prem Shr 94477000/3/415/6/9/10 US Bank MF Mutual Funtls 2,556,255 2,556,255 2,556,255 Var Local Agency Investment Fund 94477005/6/9 US Bank MF Mutual Funds 4,833,446 4,833,446 4,833,446 Var FHLB 1.550 08/10/2012 94477003 US Bank USC US Trsy Notes 10-Aug-2012 31-Mar-2010 2,700,000 2,701,863 2,700,000 1.550 2003 Refunding Cert of Participation FSA Capital M9mt /oust Agreement 94652201 US Bank IA Invmnt Agrm[ 01-Sep-2012 11-Jun-03 1,132,000 1,132,000 1,132,000 3.100 Milestone Treasury Oblig FD Prem Shr 94652200/1 US Bank MF Mutual Funds 77,254 17,254 17,254 Var CFD 2001-2 McMillin-Otay Ranch 8 Milestone Treasury Oblig FD Prem Shr 94658900/03/04/05106109/10 US Bank MF Mutual Funds 712,660 712,660 772,660 Var FHLB 1.550 08/10/2012 94658903 US Bank USC US Trsy Notes 10-Aug-2072 31-Mar-2010 700,000 700,483 700,000 1.550 CFD 08-I Otay Ranch Village 6 Milestone Treasury Oblig FD Prem Shr 3682100/03/04/05/06/07/10/11/' US Bank MF Mutual Funds 2,635,325 2,635,325 2,635,325 Var LAIF 94682105/12 US Bank MF Mutual funds 1,590,926 1,590,926 1,590,926 FNMA MTN 1.850 03/25/2013 94682103 US Bank USC US Trsy Notes 25-Mar-2073 25-Mar-2010 - - - 1.850 CFD 07-I McMillin Otay Rnch Vllg 11 Milestone Treasury Oblig FD Prem Shr 784708000/03/04/05/O6/07 US Bank MF Mutual Funds 845,835 845,835 845,835 Var tAiF 784708003/06 US Bank MF Mutual Funds 2,338,926 2,338,926 2,338,926 CFD 06-I Improvement Area B Milestone Treasury Oblig FD Prem Shr 786104000/3/4/5 US Bank MF Mutual Funds 1,771,695 1,771 695 1,771,695 Var FNMA MTN 1.850 03/25/2013 786104003 US Bank USC US Trsy Notes 25-Mar-2013 25-Mar-2010 - - - 1.850 2004 COP Civic Center Phase I Dreyfus Insfl Res Treasury 325540-04 BNY MF Mutual Funds 63,400 63,400 63,400 Var FSA Capital Management Services LLC 325544 BNY IA Invmnt Agrmt 01-Mar-2034 16-Sep-04 2,395,911 2,395,971 2,395,911 5.205 2006 COP Civic Center Phase II Dreyfus Insl'I Res Treasury 145756/57/58/68/69 BNY MF Mutual Funds 81,206 81,206 81,206 Var FSA Investment Agreement 145757 BNY IA Invmnt Agrml 01-Mar-2036 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+ US Bank MF Mutual Funtls 13,321,906 13,321,906 13,321,906 Var Citigroup GlC#871615.1 Reserve Accounts US Bank IA Invmn[Agrmt 01-Sep-2032 6,436,673 6,436,873 6,436,873 4.889 CFD 01-1 Improvement Area B Milestone Treasury Oblig FD Prem Shr 792183000-10 US Bank MF Mutual Funds 6,113,895 6,113,895 6,113,895 Var FNMA MTN 1.850 03/25/2013 792183003 US Bank USC US Trsy Notes 25-Mar-2013 25-Mar-2010 - - - 1.850 12-I McMillin Otay Rnch Vllg 7 CFD Milestone Treasury Oblig FD Prem Shr 791949000/4/5/6A/8/11/12 US Bank MF Mutual Funds 2,754,413 2,754,413 2,754,473 Var ~ FNMA MTN 1.850 03/25/2013 791949004 US Bank USC US Trsy Notes 25-Mar-2013 25-Mar-2010 - 1.850 CF~3-I Otay Ranch Vllg 7 Milestone Treasury Oblig FD Prem Shr '93774000/03/04/O5/06/07/08/ 1 US Bank MF Mutual Funds 3,854,222 3,854,222 3,854,222 Var IAIF 793774003 US Bank MF Mutual Funtls 1,263,432 1,263,432 1,263,432 CFD 07-IB McMillin Otay Rnch VIIg 11 Milestone Treasury Obli9 FD Prem Shr 794322000/01/03/04/05/09 US Bank MF Mutual Funds 1,247,890 1,247,890 1,247,890 Var LAID 794322003 US Bank MF Mutual Funds 212,117 212,117 212,117 2010 COP Capital Facilities Refuntling Milestone Treasury Oblig FD Prem Shr 1 3 6 2670 00-1 36 2fi7005 US Bank MF Mutual Funds 4,068,331 4,068,331 4 068,331 Var Tax Alloc Ret Bonds A O6 Sr Milestone Treasury PS Fund # M5 103986000/05 US Bank MF Mutual Funds - - - Var . Rabobank International NY Branch 103986003 US Bank IA Invmnt Agrmt 09-Aug-2027 11-Sep-2006 1,027,945 1,027,945 1,027,945 4.980 06 Subordinate Tax Alloc Ref Bds Milestone Treasury PS Fund # M5 103987003/05 US Bank MF Mutual Funds 271,463 271,463 271,463 Var CitiGroup Financial Products, Inc. GIC 103987003 US Bank IA 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 US Bank MF Mutual Funds 30-Sep-2036 22-Jul-2008 4,195,741 4,195,141 4,195,141 Var CDBG Section 106 Loan Cash -Interest Bearing Acct 1459703226 B of A RC Restricted Cash 6,277,871 6,277,871 6,277,871 Var -Orange Tree MHP Cash -Interest Bearing Acct 2324-80156 B of A RC Restricted Cash 625,002 625,002 625,002 Var RDA Housing Program Cash-Interest Bearing Accl Various BofA RC Restricted Cash 3,691,199 3,891,199 3,891,199 Var CDBG Housing Progam Cash -Interest Bearing Acct Various B of A RC Restricted Cash 1 442 7,442 1,442 Var Grantl Total as of March 31, 2011 90,490,112 90,584,015 90,490,112 Filename:J:lfinance\dala\invesNnv11. xls i'.financeaataVnvest\Invl t.xls City of Chula Vista Cash/Time Deposits 31-Mar-11 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 CashlTime Deposits as of 03/31/2011 j:financeldatalCash and Time Deposits FY1011 MARCH 2O11.xls 3-20 5,992,777 167 2,397 516,140 6, 511,481 6,050 6,050 185,044 185,044 6,702,575 Dreft, as of 04/28/2011