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Successor Agency Staff Report
December 17, 2013
ITEM
Staff Report: Successor Agency's Investment Report for the quarter ended September 30, 2013.
BACKGROUND
The California Government Code (§ 53646(b)) requires that, when the treasurer or the chief
fiscal officer of a local agency renders to the legislative body of the agency a quarterly report on
the agency's investment portfolio, such report shall include the following information regarding
all securities, investments, and moneys held by the local agency:
v type of investment;
v issuer (bank or institution);
date of maturity,
v dollar amount invested; and
y current market valuation as of the date of the report.
In addition, the Government Code (§ 53646(b)(2)) requires that the report states the City's
compliance with its investment policy and includes a statement regarding the ability of the local
agency to meet its pool's ability to meet its expenditure requirements Code (§ 53646(b)(3)).
OVERVIEW OF SUCCESSOR AGENCY INVESTMENTS
The Successor Agency invests most of its funds with the California Treasurer's Local Agency
Investment Fund (" LAIF" ). This is a liquid investment pool, which allows participants to cam
market rate returns of large investments, while retaining access to funds within 24 hours of a
withdrawal request. For the quarter ended September 30, 2013, the LAIF's interest rate was
0.24%.
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 maintained by the designated fiscal
agent. These funds account for 16.89% of the Successor Agency's portfolio.
Summaries of the Successor Agency's investment portfolio are illustrated on the next page.
Page 2
Staff Report: Successor Agency's Investment Report for the quarter ended September 30, 2013.
December 17, 2013
SUMMARY OF INVESTMENT PORTFOLIO
For the Quarter Ended September 30, 2013
% of
Investment Type
Book Value
Market Value
Portfolio
LAIF
$ 33,$23,956
$ 33,33%061 2
83.11%
Cash with Fiscal Agent
6,776,242
6,776,242
16.89%
Totals
$ 40,100,198
$ 40,109,303
100.00%
HUD 108 — National City Defeasance $531,732.40 matured on 813112013
includes accrued interest
s June 30, 2013 Report Total was incorrect
TOT VLALMARKET
$40,109,303
Cash with
Fiscal Agent
$6,776,242
COMPLIANCE STATEMENT
All of the Successor Agency's investments are in compliance with the City's investment policy
(City Council Policy No. 203) and the California Government Code (§ 53601 et seq).
FINANCIAL STATEMENT
Total LAIF gains/(losses), realized and unrealized, for the period were $21,555.
Staff certifies that there are sufficient funds to meet the pool's expenditure requirements.
RECOMMENDATIONS
Accept and file the Successor Agency Investment Report for the quarter ended September 30,
2013.
SUCCESSOR AGENCY - CDC OF vIC
Portfolio Management
Portfolio Summary
September 30, 2013
par
:"brkrt
Book
%of
naysto
Y1M
Y1M
Inwallner0a
Vaka
Vdaa
Vakw
Portfolio
Term
Mabafly
360 Egaly,
365 Equ0r.
LAIF
33,323,956.46
33,333,060.30
33.323.956.46
53.10
1
1
0241
0,244
Gah a101 RIwal ABerd
6,778241.86
6,776,241 M
6,T70,241.00
15.90
1
1
0.000
0.600
40,100,198.32
40,10%30286
40,100,180.32
100.00%
1
1
0.200
0.203
InveaNlmrds
Tom] Earnings Septem]wr 30 Month Ending
Cu ont Year 6,683.05
Average Daily Bak x 40,100,188.04
Effectlw Rate of Rotum 0.2M
Reporting period 091M12013-061=2013
Rut Odra1IMIW13-10a8
No rued you history avkllable
Pu10o8o CDC1
CP
m IPRF_pM178MRgA0.41207b
R4pon Var.600
SUCCESSOR AGENCY - CDC OF VC
Portfolio Management
Portfolio Details - Investrnents
September 30, 2013
Papa 2
Awn,gu Purahuee
Stated
YTM
Trm Days to MeturAy
LUMP
lnvaatl t6 Nauer
Balance Dek
Par Value
Market Value
Book Value
R440
350
3a6 Maturky Dab
WF
SYS10005
10006 LAW
0.00
0,w
a.00
0.392
0.377
0.382 1
SYS10844
10044 LAW
33.323,958.40
33933.0®0.60
33,323,955.48
Os44
0241
0.244 1
Subtutel end Average
33,323,966A9
33,323,501.411
33,333,090.a0
33,323,116.46
0.211
0.244 1
Cwh with Fiscal Agent
SYSIOD13
10013
National Cky 2004 TAB
35,630.35
35.630.35
35.630.35
0.000
0Aa0 1
SY510014
1 W 14
National City 2D04 TAB
07/012912
0.00
3.00
0.00
0.000
0.000 1
SYS10015
10015
National City 2004 TAB
0710112D12
0.00
3.9D
0.00
0.000
0.000 1
SY510016
10016
NaliOnil Cry 2004 TAB
07/012012
0.00
BAD
0.00
0.Ow
0.000 1
Milano
10010
National City 2005A TAB
07MIM12
2,188,336.OD
2.188,335.00
2,1w,336.00
0.000
0.000 1
SYS10011
10011
National My 200SATAS
07/012012
0.00
0.00
0.00
0.000
D.000 1
MUM
10012
Nadnaal City 2005A TAB
07/0112012
0.00
0.00
0,00
0.000
0 000 1
SY81awa
10028
Nobnal Cry 2005A TAB
07/012012
0.00
0.00
0.00
0.000
0.00D 1
SYS70006
10008
National City 20D59 TAB
071012012
0.00
0.00
0.00
0.000
0.000 1
SYS10001
10009
National Coy 20o5B TAB
07/012012
0.0D
0.00
0.60
o.Ow
mwo 1
SYS10027
10027
NatIonal City 20n5B TAB
0710112012
0.00
0.00
0.00
0.001)
0 GOD 1
SYS100.19
10032
Nalknal City 2011 TAB
0.00
0.00
0.90
OMO
0.000 1
SYS10040
10040
National Cey 2011 TAB
07/012012
4,220,554.75
4,220.154.75
4.220,254.75
OAW
9.000 1
SYSt0041
10041
Nalic, Clty 2011 TAB
nee
0.00
0.00
0.000
0 0011 1
SYS10042
10042
Natlnaal City 2011 TAB
07ID112012
0.00
0.00
0.00
0.000
0.000 1
SYS10045
10045
NNIM&I Cry 2011 TAB
071012012
0.00
0.00
0.00
0,000
D.000 1
SYSIO020
to=
National Cry 1999 TAB Reae ve
333,320.16
333,320.79
333,320.76
0.000
9.999 1
SYS10029
10029
Na6eM1 CRY 1999 TAB R0091119
07/012a12
0.00
0.0
0.00
0.000
0.000 1
SYS100311
10038
HUD-108 NC DEFEASANCE CASH
07101W2
0.00
0.00
O.OD
0.000
0.000 1
Bull I Iand Average 6.776.241M
CM.241Aa
6.771.241M
6,774,241.06
0000
D,0o0 1
Total and Awnga 40.100,11SA4 40,100,11 I.32 40,109,30L66 40,100,198.32 It= 9=3
PoBkllo CDC1
CP
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SUCCESSOR AGERCY - CDC OF MC
Portfolio Management
Portfolio Summary
September 30, 2013
Investrrlalft
IAIF
33,323,956.4E 33'aaa.mu.nu
Cash wih FiwW Agent
6,776,241.,E 8,776,24i.98
40,100,198.32 40,109.30266
Invasbnants
Total Earnings
September 30 Month Ending
Gw nt Year
0.083.05
Av gs Daly Balance
40,1100,998.04
Elfectiva Rato of Return
0.20%
Book
%of
Days to
VIM
YTM
Value
pndtolly
Tenn Maturity
340 6quly.
365 5quly,
33,323.0rAA6
93.10
11 1
0.241
0,244
6.776241.a6
16.90
'1 1
0.000
moon
40,100,190.32
100.00%
1 1
0.200
0.203
Reporting Period 09f0VYM34I9730f2013 Portfolio CDCt
CP
Run Ogre. I141=13-1P1e No Decal yaer lirtblr MUM PM(PRF PM1)Wjn* reAIA
I PWW..5A0