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Successor Agency Staff Report
August 5, 2014
ITEM
Staff Report: Successor Agency's Investment Report for the quarter ended March 31, 2014.
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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:
➢ type of investment;
issuer (bank or institution);
date of maturity;
y dollar amount invested; and
D 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 ("LATE"). 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 quarter ended March 31, 2014, 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 16.88% of the Successor Agency's portfolio.
Summaries of the Successor Agency's investment portfolio are illustrated on the next page.
SUMMARY OF INVESTMENT PORTFOLIO
Page 2
Staff Report: Successor Agency's Investment Report for the quarter ended March 31, 2014.
August 5, 2014
For the Quarter Ended March 31, 2014
% of
Investment Type Book Value Market Value Portfolio
tAIF $ 33,366,997 $ 33,376,113 z 83.12%
Cash with Fiscal
16,88%
$ 40143,240 $ 40,152,356 100.00%
T4)T'VABLPC£T
$*,'130A"
cashWHIS
FbcalApot
S6,T76.24
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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 gainsl(losses), realized and unrealized, for the period were $21,485.
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 March 31, 2014.
SUCCESSOR AGENCY - CDC OF NC
Portfolio Management
Portfolio Summary
March 31, 2014
Investments
Per
Market
Book
% of
Days to
YIW
YTM
Value
Value
Value
Portfolio
Term Maturity
360 Equiv.
36S Equlv.
LAIF
33,366,99T09
33,376,113.19
33,366,997.09
83.12
1 1
0.241
0.244
Cash with Fiscal Ages
6,776,242.93
6,776,242.93
6,776,242.93
16.88
1 1
0.000
0.000
40,143,240.02
40,152,356.12
40,143,240.02
100.00%
1 1
0.200
0.2D3
Investments
Total Earnings March 31
Month Ending
Current Year
6.533.54
Average Daily Balance
40,143,239.51
Eflective Rate of Return
0.19%
Tina Norrdin, Financial SmiceS Officer
Reporting period 03f01120144W31f2014
lam Dam: Wf1312o14- ISM No fecal year hiskry available
Portfolio COC1
CP
PM (PRF_PMt) SymRept"1.10
Repoa Ver. 6.00
SUCCESSOR AGENCY - CDC OF NC
Portfolio Management
Portfolio Details - Investments
March 31, 2014
Page 2
Average Purchase
Stated
YTM
YTM Days to Maturity
CUSIP
In asbmento lasuw
Balance Date Par Value
Market Value
Book Value
Rate
360
365 Maturity Date
LAIF
SYS10006
10006 LAIF
0.00
0.00
0.00
0382
0.377
0.382 1
SYS10044
10044 WF
33,366.997.09
33,376,113.19
33,366,997.09
0244
0,241
0.244 1
Cash with Fiscal Agent
SYS10013
10013
SYS10014
10014
SYS10015
10016
SYS10016
10016
SYS10010
10010
SYS10011
10011
SYS10012
10012
SYS10028
10028
SYS1DD08
10008
SYS10009
10009
SYSID027
10027
SYS10039
10039
SYS10040
10040
SYS10041
10041
SYSIO042
10042
SYS10045
10045
SYSIO020
10020
SYS10029
1OD29
SYS10038
10038
Run Dffi 072&2014-15:55
Subtotal and Average 33,366,997.09
33,366,997.09 33,376,113.19 33,366,997.09 0.241 0.244 1
National City 2004 TAB
35,631A2
36,631.42
35,631.42
0.000
0.000
Nati0nal City 2004 TAB
07101=12
0.00
0.00
0.00
0.000
0.000
National City 20D4 TAB
07101/2012
0A0
0.00
0,00
0.000
0.000
National City 2004 TAB
07/01/2012
0.00
0,00
0.00
0.000
0.000
National City 2005A TAB
07/01/2012
2,186.336.00
2,186,336.00
2,186.336.00
0.000
MOOD
National City 2005A TAB
07/01/2012
0.00
0.00
0.00
0.000
0.000
National City 2006A TAB
07/01/2012
0.00
0.00
0.00
0.000
0.000
National City 200M TAB
07/01/2012
0.00
0.00
0.00
0.000
0.000
National City 2005E TAB
07/01/2012
0.00
0.00
0.00
0.000
0.000
National City 2005E TAB
07/01/2012
0.00
0.00
0.00
0.000
0.000
National City 20058 TAB
0710V2012
0.00
O.DO
0.00
0.000
0.000
National City 2011 TAB
0.00
0.00
0.00
0.000
0.000
National City 2011 TAB
07/01/2012
4,220.954.75
4,220,964.75
4,220,954.75
0.000
0.000
National City 2011 TAB
0.00
0.00
0.00
0.000
0.000
National City 2011 TAB
0710V2012
0.00
(too
0.00
0.000
0.000
National City 2011 TAB
071O1/2012
0.00
0.00
0.00
0.000
0.000
National City 1999 TAB Reserve
333,320.76
333,320.76
333,320.76
0.000
0.000
National City 1999 TAB Reserve
07/01/2012
0.00
0.00
0.00
0.000
0.000
HUD-10a NC DEFEASANCE CASH
07/0112012
0.00
0.00
0.00
0.000
0.000
Subtotal and Average 6,T76,242A2
Total and Average
40,143,239.61
6,776,24293 6,T76,242.93 6,776,242.93
40,143,240.02
40,152,366.12
40,143,240.02
81000 0.000
02.00 M03
1
1
1
1
1
1
Portfolio CDC1
CP
PM (PRF_PB2) Symitept6.41.2020