HomeMy WebLinkAboutCDC Treasurer Report Attachment-FinanceATTACHMENT
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 December 31, 2011, LAIF's monthly average effective yield was 0.382%.
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 80.79% of the CDC's portfolio.
Federal Agency Securities account for 0.99% of the investment portfolio. The average
rate of return is 2.64%
The investment portfolio has the ability to meet the CDC's financial needs.
SUMMARY OF INVESTMENT PORTFOLIO
As of December 31, 2011
INVESTMENTS HELD BY THE CDC OF NATIONAL CITY
% of
Investment Type Book Value Market Value Portfolio
LAIF 8,405,891.08 8,419,777.59 16.60%
Federal Agency Securities 500,000.00 501,840.00 0.99%
Cash with Fiscal Agent 41,724,741.48 41,724,741.48 82.41%
Totals for December 2011
50,630,632.56 50,646,359.07 100.00%
Totals for December 2010 17,810,285.76
Portfolio increase from same quarter
last year
Cash with Fis
Agent
82.41%
32,820,346.80
LAIF
16.60%
Federal Agency
Securities
0.99%
Investments Liquidity Book Value % of Portfolio
On Demand
One Year
Within One to Five Years
Cash with Fiscal Agent
8,405,891.08
0.00
500,000.00
41,724,741.48
16.60%
0.00%
0.99%
82.41%
50,630,632.56 100.00%
Community Development Commission of National City
Finance Department -
Investments
CDC OF NATIONAL CITY
Portfolio Management
Portfolio Summary
December 31, 2011
Value Par
Market Book % of Days to YTM
Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv.
LAIF 8,405,891.08 8,419,777.59
Federal Agency Coupon Securities8,405,891.08 16.60 1 1 0.377 0.382
500,000.0022219501,840.00 500,000.00 0.99 1,827
Treasury Coupon Securities 822 219 00 822 219 00 1,534 2.604 2.640
Cash with Fiscal Agent 40,902,522.48 40,902,522.0048 822,219.00 1.62 1,009 440 1.007 1.021
40,902,522.48 80.79 1 1 0.000 0.000
50,630,632.56 50,646,359.07 50,630,632.56 100.00% 35 23 0.105 0.106
Investments
Total Earnings
December 31 Month Ending Fiscal Year To Date
Current Year 4,840.33 55,629.87
Average Daily Balance 50,627,507.14
Effective Rate/bf Return 0.11%
r
Tina Norrdig(, Financial Services Officer
Reporting period 12/01/2011-12/31/2011
Run Date: 01/27/2012 - 17:43
Portfolio CDC1
CP
PM (PRF_PM1) SymRept 6.41 202b
Report Ver. 5.00
CUSIP
LAIF
SYS10006
CDC OF NATIONAL CITY
Portfolio Management
Portfolio Details - Investments
December 31, 2011
Average Purchase
Investment # Issuer Balance Date
10006 LAIF
Subtotal and Average 8,405,891.08
Federal Agency Coupon Securities
313372TR5
Par Value
Page 2
Stated YTM YTM Days to Maturity
Market Value Book Value Rate 360 365 Maturity Date
8,405,891.08 8,419,777.59
8,405,891.08
8,405,891.08 0.382 0.377 0.382 1
8,419,777.59 8,405,891.08 0.377 0.382 1
10030 Federal Home Loan Bank 03/14/2011 500,000.00 501,840.00 500,000.00 2.640 2.604 2.640 1,534 03/14/2016
Subtotal and Average 500,000.00 500,000.00 501,840.00
Treasury Coupon Securities
500,000.00 2.604 2.640 1,534
335399880 10033
10034 FEDERAL RESERVE BANK NYC O6/11/2010 10,910.00 10,910.00 10,910.00 0.530 0.523 0.530 31 02/01/2012
335399910 FEDERAL RESERVE BANK NYC 06/11/2010 290,939.00 290,939.00
S35399910036 335399920 10035 FEDERAL RESERVE BANK NYC 06/11/2010 290,939.000.740 0.957 0.740 213 02/01/2013
.00 0.970 0.957 0.970 397 02/01/2013
S353999700 10037 5,491.00 5,491.00 5,491FEDERAL RESERVE BANK NYC O6/11/2010 310,518.00 310,518.00 310,518.00 1.190 1.174 1.190 578 08/01/2013
FEDERAL RESERVE BANK NYC 06/11/2010 204,361.00 204,361.00 204,361.00 1.190 1.174 1.190 578 08/01/2013
Subtotal and Average 822,219.00 822,219.00 822,219.00 822,219.00
1.007 1.021 440
Cash with Fiscal Agent
SYS10013 10013 National City 2004 TAB 35,623.97 35,623.97 35,623.97 0.000 0.000 1
SYS10014 10014 National City 2004 TAB 07/01/2011 0.16 0.16
SYS10015 10015 National City2004 TAB 0.16 0.000 0.000 1
07/01/2011 0.00 0.00 0.00 0.000 0.000 1
SYS10016 100160 National City 2004 TAB 07/01/2011 0.00 0.00
SYS10010 10010 National City2005A TAB 0.00 0.000 0.000 1
07/01/2011 2,345,042.08 2,345,042.08 2,345,042.08 0.000 0.000 1
SYS10011 100112 National City 2005A TAB 07/O1/2011 0.00 0.00
SYS10012 10012 National City2005A TAB 0.00 0.000 0.000 1
07/01/2011 0.00 0.00 0.00 0.000 0.000 1
SYS10028 100280National City 2005A TAB 07/01/2011 0.00 0.00
SYS10008 10008 National City20058 TAB 0.00 0.000 0.000 1
07/01/2011 0.00 0.00 0.00 0.000 0.000 1
SYS10009 10027 National City 2005B TAB 07/01/2011 0.00 0.00
SYS10027 10027 National City2005B TAB0.00 0.000 0.000 1
07/01/2011 0.00 0.00 0.00 0.000 0.000 1
SYS10039 10039
SYS10040 10040 National City 2011 TAB 07/01/2011 33,984,717.34 33,984,717.34 33,984,717.34 0.000 0.000 1
National City 2011 TAB 07/01/2011 4,201,067.55 4,201,067.55 4,201,067.55 SYS10041 10041 National City2011 TAB0.000 0.000 1
07/01/2011 0.24 0.24 0.24 0.000 0.000 1
SYS10042 10020 National City 2011 TAB 07/27/2011 0.00 0.00
SYS10020 10020 National City 1999 TAB Reserve0.000.000 0.000 1
SYS10029 10029 National City 1999 TAB Reserve 07/01/2011 333,294.10 333,294.10 333,294.10 0.000 0.000 1
SYS10038 10038
0.00 0.00 0.00 0.000 0.000 1
HUD-108 NC DEFEASANCE CASH 07/01/2011 2,777.04 2,777.04 2,777.04 0.000 0.000 1
Subtotal and Average 40,899,397.06 40,902,522.48 40,902,522.48 40,902,522.48 0.000 0.000 1
Run Date: 01/27/2012 - 17:43
Portfolio CDC1
CP
PM (PRF_PM2) SymRept 641.202b
CUSIP
Run Date: 01/27/2012- 17:43
CDC OF NATIONAL CITY
Portfolio Management
Portfolio Details - Investments
December 31, 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
Total and Average 50,627,507.14
50,630,632.56
50,646,359.07 50,630,632.56
0.105 0.106 23
Portfolio CDC1
CP
PM (PRF_PM2) SymRept 6.41.202b