HomeMy WebLinkAboutCDC Treasurer Report Attachment-FinanceATTACHMENT 1
BACKGROUND
California Government Code Section 53646 requires that staff submit an investment
report to the Community Development (CDC) Chairman and members within 30 days
following the end of the quarter that consists of the following information:
➢ Type of investment or description,
➢ Issuers (bank or institution),
➢ Dollar amount,
➢ Interest rate,
➢ Current market valuation as of the date of the report,
➢ And the date of maturity.
In addition, the code requires that the report states the CDC's compliance with it's
investment policy and include a statement on the CDC's ability to meet it's pool's
expenditure requirements.
OVERVIEW OF CITY INVESTMENTS
The CDC investments most of its funds the California Treasurer's Local Agency
Investment Fund (LAIF). This is a liquid investment pool, which allows participants to
earn market rate returns of large investments, while retaining access to funds within 24
hours of a withdrawal request. Due to the current circumstances of the economy and
the market conditions, LAIF return has been plunging for the last 48 months. For the
month ended September 30, 2011, LAIF's monthly average effective yield was 0.378%.
The investment of debt service reserve funds, the 1999, 2004, 2005 and 2011 Tax
Allocation Bonds, and the HUD Section 108 Loan Program funds are controlled by the
designated fiscal agent. The reserve funds account for 80.44% of the CDC's portfolio.
Federal Agency Securities account for 3.37% of the investment portfolio. The average
rate of return is 1.866%
The investment portfolio has the ability to meet the CDC's financial needs.
SUMMARY OF INVESTMENT PORTFOLIO
As of September 30, 2011
INVESTMENTS HELD BY THE CDC OF NATIONAL CITY
Investment Type
Book Value
% of
Market Value Portfolio
LAIF
Federal Agency Securities
Cash with Fiscal Agent
Totals for September 2011
Totals for September 2010
Portfolio decrease from same quarter
last year
Cash with Fis
Agent
80.44%
Investments Liquidity
8,396,694.57
1,749,625.00
41,717,594.85
8,412,208.24 16.19%
1,752,552.50 3.37%
41,717,594.85 80.44%
51,863,914.42
51, 882, 355.59 100.00%
15,188,693.39
36,675,221.03
LAI F
16.19
federal Agency
Securities
3.37%
Book Value % of Portfolio
On Demand
One Year
Within One to Five Years
Cash with Fiscal Agent
8,396,694.57
0.00
1,749,625.00
41,717,594.85
16.19%
0.00%
3.37%
80.44%
51,863,914.42 100.00%
Community Development Commission of National City
Finance Department
Investments
CDC OF NATIONAL CITY
Portfolio Management
Portfolio Summary
September 30, 2011
Par Market Book % of Days to YTM YTM
Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv.
LAIF 8,396,694.57 8,412,208.24 8,396,694.57 16.19 1 1 0.373 0.378
Federal Agency Coupon Securities 1,750,000.00 1,752,552.50 1,749,625.00 3.37 1,826 1,548 1.840 1.866
Treasury Coupon Securities 822,219.00 822,219.00 822,219.00 1.59 1,009 532 1.007 1.021
Cash with Fiscal Agent 40,895,375.85 40,895,375.85 40,895,375.85 78.85 1 1 0.000 0.000
Investments
Total Earnings
Current Year
Average Daily Balance
Effective Rate of Retur
51,864,289.42 51,882,355.59
September 30 Month Ending
7,474.96
52,363,914.42
0.17%
Tina Norrdin, Finan ial Services Officer
Reporting period 09/01/2011-09/30/2011
Run Date'. 11103/2011-15'.15
Fiscal Year To Date
32,593.61
51,863,914.42 100.00% 79 62 0.138 0.140
Portfolio CDC1
CP
PM (PRF_PMI) SymRept 6.41.202b
Report Ver. 5.00
CUSIP
Investment #
Issuer
CDC OF NATIONAL CITY
Portfolio Management
Portfolio Details - Investments
September 30, 2011
Average Purchase
Balance Date
Par Value Market Value
Stated
Book Value Rate
Page 2
YTM YTM Days to Maturity
360 365 Maturity Date
LAIF
SYS10006 10006 LAIF
Subtotal and Average
Federal Agency Coupon Securities
313372TR5
3136FPYS0
3136FP822
10030
10023
10024
Treasury Coupon Securities
S35399880
S35399910
S35399920
S35399940
S35399970
Federal Home Loan Bank
Federal National Mtg Assn
Federal National Mtg Assn
8,396,694.57
Subtotal and Average 2,249,625.00
10033 FEDERAL RESERVE BANK NYC
10034 FEDERAL RESERVE BANK NYC
10035 FEDERAL RESERVE BANK NYC
10036 FEDERAL RESERVE BANK NYC
10037 FEDERAL RESERVE BANK NYC
Cash with Fiscal Agent
SYS10013
SYS10014
SYS10015
SYS10016
SYS10010
SYS10011
SYS10012
SYS10028
SYS10008
SYS10009
SYS10027
SYS10039
SYS10040
SYS10041
SYS10042
SYS10020
SYS10029
SYS10038
Run Date'. 11/03/2011 -15:15
Subtotal and Average 822,219.00
10013 National City 2004 TAB
10014 National City 2004 TAB
10015 National City 2004 TAB
10016 National City 2004 TAB
10010 National City 2005A TAB
10011 National City 2005A TAB
10012 National City 2005A TAB
10028 National City 2005A TAB
10008 National City 2005B TAB
10009 National City 2005B TAB
10027 National City 2005B TAB
10039 National City 2011 TAB
10040 National City 2011 TAB
10041 National City 2011 TAB
10042 National City 2011 TAB
10020 National City 1999 TAB Reserve
10029 National City 1999 TAB Reserve
10038 HUD-108 NC DEFEASANCE CASH
03/14/2011
11/23/2010
11/30/2010
06/11/2010
06/11/2010
06/11/2010
06/11/2010
06/11/2010
07/01/2011
07/01/2011
07/01/2011
07/01/2011
07/01/2011
07/01/2011
07/01/2011
07/01/2011
07/01/2011
07/01/2011
07/01/2011
07/01/2011
07/01/2011
07/27/2011
07/01/2011
07/01/2011
8,396,694.57 8,412,208.24
8,396,694.57 0.378 0.373 0.378
8,396,694.57 8,412,208.24
500,000.00
750,000.00
500,000.00
503,395.00
749,287.50
499,870.00
8,396,694.57
500,000.00
749,625.00
500,000.00
1,750,000.00 1,752,552.50
10,910.00
290,939.00
5,491.00
310,518.00
204,361.00
10,910.00
290,939.00
5,491.00
310,518.00
204,361.00
1,749,625.00
10,910.00
290,939.00
5,491.00
310,518.00
204,361.00
822,219.00
35,623.06
0.16
0.00
0.00
2,345,042.08
0.00
0.00
0.00
0.00
0.00
0.00
33,977,578.46
4,201,067.55
0.00
0.00
333,287.50
0.00
2,777.04
822,219.00
35,623.06
0.16
0.00
0.00
2,345,042.08
0.00
0.00
0.00
0.00
0.00
0.00
33,977,578.46
4,201,067.55
0.00
0.00
333,287.50
0.00
2,777.04
822,219.00
35,623.06
0.16
0.00
0.00
2,345,042.08
0.00
0.00
0,00
0.00
0.00
0.00
33,977,578.46
4,201,067.55
0.00
0.00
333,287.50
0.00
2,777.04
2.640
1.250
2.000
0.530
0.740
0.970
1.190
1.190
1
0.373 0.378 1
2.604
1.243
1.973
2.640
1.260
2.000
1,626 03/14/2016
1,514 11/23/2015
1,521 11/30/2015
1.840 1.866 1,548
0.523
0.730
0.957
1.174
1.174
0.530
0.740
0.970
1.190
1.190
123 02/01/2012
305 08/01/2012
489 02/01/2013
670 08/01/2013
670 08/01/2013
1.007 1.021 532
0.000
0.000
0,000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
Portfolio CDC1
CP
PM (PRF_PM2) SymRept 6.41.202b
CUSIP
CDC OF NATIONAL CITY
Portfolio Management
Portfolio Details - Investments
September 30, 2011
Page 3
Average Purchase Stated YTM YTM Days to Maturity
Investment # Issuer Balance Date Par Value Market Value Book Value Rate 360 365 Maturity Date
Subtotal and Average 40,895,375.85 40,895,375.85 40,895,375.85 40,895,375.85 0.000 0.000 1
Total and Average 52,363,914.42
Run Date: 11/03/2011 - 15:15
51,864,289.42
51,882,355.59 51,863,914.42
0.138 0.140 62
Portfolio CDC1
CP
PM (PRF_PM2) SymRept 6.41.202b