HomeMy WebLinkAboutCDC Investment Report for quarter ended March 31, 2012 (Finance)ATTACHMENT 1
BACKGROUND
California Government Code Section 53646 requires that staff submit a quarterly
investment report to the Community Development (CDC) Chairman and members 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 its
investment policy and include a statement on the CDC's ability to meet its pool's
expenditure requirements.
OVERVIEW OF CITY INVESTMENTS
The CDC investments most of its funds with 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. For the month ended March 31, 2012, LAIF's monthly
average effective yield was 0.383%.
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 48.02% of the CDC's portfolio.
The investment portfolio has the ability to meet the CDC's financial needs.
SUMMARY OF INVESTMENT PORTFOLIO
As of March 31, 2012
INVESTMENTS HELD BY THE SUCCESSOR AGENCY TO THE COMMUNITY
DEVELOPMENT COMMISSION AS THE NATIONAL CITY REDEVELOPMENT AGENCY
% of
Investment Type Book Value Market Value Portfolio
LAIF 8,413,000.00 8,423,189.09 51.98%
HUD Section 108 Loan 815,301.83 815,301.83 5.04%
Cash with Fiscal Agent 6,957,038.85 6,957,038.85 42.98%
Totals for March 2012 16,185,340.68 16,195,529.77 100.00%
Totals for March 2011 15,831,408.83
Portfolio increase from same quarter
last year
353,931.85
HUD Section 108
Loan
5.04%
Investments Liquidity Book Value % of Portfolio
On Demand
One Year
Within One to Five Years
Cash with Fiscal Agent
8,413,000.00 51.98%
0.00 0.00%
815,301.83 5.04%
6,957,038.85 42.98%
16,185,340.68 100.00"/
Community Development Commission of National City
Finance Department
Investments
LAIF
Treasury Coupon Securities
Cash with Fiscal Agent
Investments
SUCCESSOR AGENCY - CDC OF NC
Portfolio Management
Portfolio Summary
March 31, 2012
Par Market
Value Value
8,413,000.00
811,309.00
6,961,031.84
8,423,189.09
811,309.00
6,961,031.84
16,185,340.84 16,195,529.93
Value Portfolio
Book % of Days to YTM
Term
YTM
Maturity 360 Equiv. 365 Equiv.
8,413,000.00 51.98 1 1 0.378 0.383
811,309.00 5.01 1,015 355 1,013 1.027
6,961,031.84 43.01 1 1 0.000 0.000
16,185,340.84 100.00% 52 19 0.247 0.251
Total Earnings
March 31 Month Ending
Fiscal Year To Date
Current Year
Average Daily Balance
Effective Rate of Retur
Tina Norrdin, Financial Services Officer
Reporting period 03/01/2012-03/31/2012
Run Date: 05123/2012 - 11:08
4,083.38
16,395,635.78
0.29%
1151,983.27
Portfolio CDC1
CP
PM (PRF_PM1) SymRept 6,41.2020
Report Ver. 5.00
CUSIP
LAIF
SUCCESSOR AG 1NCY - CDC OF NC
Portfolio Management
Portfolio Details - Investments
March1, 2012
Average Purchase
Investment# Issuer Balance Date Par Value
SYS10006 10006 LAIF
SYS10044 10044 LAIF
Subtotal and Average 8,413,617.52
03/21/2012
0.00
81413,000.00
Market Value
Page 2
YTM YTM Days to Maturity
Book Value Rate 360 365 Maturity Date
Stated
0.00 0.00 0.382 0.377 0.382 1
8,423,189.09 8,413,000.00 0.383 0.378 0.383 1
8;413,000.00
8,423,189.09 8,413,000.00 0.378 0.383 1
Federal Agency Coupon Securities
Subtotal and Average 209,677.42
TreasuryCoupon Securities
335399910 10034 FEDERAL RESERVE BANK NYC 06/11/2010 1290,939.00 290,939.00 290,939.00 0,740 0.730 0.740 122 08/01/2012
S35399920 10035 FEDERAL RESERVE BANK NYC 06/11/2010 I 5,491.00 5,491.00 5,491.00 0.970 0.957 0.970 306 02/01/2013
835399940 10036 FEDERAL RESERVE BANK NYC 06/11/2010 ;310,518.00 310,518.00 310,518.00 1.190 1.174 1.190 487 08/01/2013
S35399970 10037 FEDERAL RESERVE BANK NYC 06/11/2010 i204,361.00 204,361.00 204,361.00 1.190 1.174 1.190 487 08/01/2013
Subtotal and Average 811,309.00 ! 811,309.00 811,309.00 811,309.00 1.013 1.027 355
Cash with Fiscal Agent.
SYS10013 10013 National City 2004 TAB
SYS10014 10014 National City 2004 TAB
SYS10015 10015 National City 2004 TAB
SYS10016 10016 National City 2004 TAB
SYS10010 10010 National City 2005A TAB
SYS10011 10011 National City 2005A TAB
SYS10012 10012 National City 2005A TAB
SYS10028 10028 National City 2005A TAB
SYS10008 10008 National City 20058 TAB
SYS10009 10009 National City 2005B TAB
SY510027 10027 National City 2005B TAB
SYS10039 10039 National City 2011 TAB
SYS10040 10040 National City 2011 TAB
SYS10041 10041 National City 2011 TAB
SY510042 10042 National City 2011 TAB
SYS10020 10020 National City 1999 TAB Reserve
SYS10029 10029 National City 1999 TAB Reserve
SYS10038 10038 HUD-108 NC DEFEASANCE CASH
Subtotal and Average 6,961,031.84
Run Date: 05/23/2012 - 11:08
35,624.88 35,624.88 35,624.88 0.000 0.000 1
07/01/2011 0.16 0.16 0.16 0.000 0.000 1
07/01/2011 0.00 0.00 0.00 0.000 0.000 1
07/01/2011 0.00 0.00 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
07/01/2011 0.00 0.00 0.00 0.000 0.000 1
07/01/2011 0.00 0.00 0.00 0.000 0.000 1
07/01/2011 0.00 0.00 0.00 0.000 0.000 1
07/01/2011 0.00 0.00 0.00 0.000 0.000 1
07/01/2011 0.00 0.00 0.00 0.000 0.000 1
07/01/2011 0.00 0.00 0.00 0.000 0.000 1
07/01/2011 0.00 0.00 0.00 0.000 0.000 1
07/01/2011 4,243,077.55 4,243,077.55 4,243,077.55 0.000 0.000 1
07/01/2011 0.24 0.24 0.24 0.000 0.000 1
07/27/2011 0.00 • 0.00 0.00 0.000 0.000 1
j 333,294.10 333,294.10 333 294.10 0.000 0.000 1
07/01/2011 0.00 0.00 0.00 0.000 0.000 1
07/01/2011 3,992.83 3,992.83 3,992.83 0.000 0.000 1
0,961,031.84 6,961,031.84 6,961,031.84 0.000 0.000 1
Portfolio CDC1
CP
PM (PRF_PM2) SymRept 5 41 202b