HomeMy WebLinkAboutA200 Inv Rep ended 9/30/12 (Finance)CITY OF NATIONAL CITY, CALIFORNIA
COUNCIL AGENDA STATEMENT
MEETING DATE:
November 20, 2012
AGENDA ITEM NO.
ITEM TITLE:
Investment Report for quarter ended September 30, 2012.
PREPARED BY: Tina Norrdin
PHONE: 619-336-4331
EXPLANATION:
Attached is the Treasurer's Report for the month of September 2012.
This performance report lists the various types of securities, maturity dates and interest rates for all securities held
in the City's investment portfolio.
The weighted average stated rate of return (current yield) for the City's investment portfolio as of September 30,
2012, was .43%, while the current yield of the State of California's Local Agency Investment Fund (LAIF) was
.40%.
The weighted average number of days to maturity for total portfolio was 642 days (1.76 years).
The average duration for the underlying securities within LAIF as of September 30 was 242 days (.663 years).
Overall, the City's investment portfolio has increased by $7.3 million over the same quarter last year.
All of the City's investments are in compliance with the Investment Policy and the California Government Code.
As of September 30, 2012, the City has adequate cash reserves necessary to meet its obligations for the next six
months.
DEPARTMENT:
APPROVED B
ervices
FINANCIAL STATEMENT:
ACCOUNT NO.
APPROVED:
APPROVED:
Staff certifies that there are sufficient funds to meet the City's financial needs.
ENVIRONMENTAL REVIEW:
N/A
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
Finance
MIS
STAFF RECOMMENDATION:
Accept and File the Investment Report for the Quarter ended September 30, 2012.
BOARD / COMMISSION RECOMMENDATION:
N/A
ATTACHMENTS:
1. Background/Investment Overview
2. Portfolio Summary — Quarter ended September 30, 2012.