HomeMy WebLinkAboutSA Investment Report Attachment (Finance)�: CJ JFOAMA NATIONALUTY
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Successor Agency Staff Report
September 2, 2014
ITEM
Staff Report: Successor Agency's Investment Report for the quarter ended June 30, 2014.
I'j.TOTITKT110a F
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:
i> type of investment;
issuer (bank or institution);
➢ date of maturity;
A dollar amount invested; and
➢ current market valuation as of the date of the report.
In addition, the Govemment 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 earn
market rate returns of large investments, while retaining access to funds within 24 hours of a
withdrawal request. For the quarter ended June 30, 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 June 30, 2014.
September 2, 2014
For the Quarter Ended June 30, 2014
%of
Investment Type Book Value Market Value Portfolio
LAIF $ 33,385,964 $ 33,395,085 s 83.13%
Cash with Fiscal Agent 0,776,243 6,776,243 16,87%
Totals $ 40,162,206 $ 40,171,328 100.00%
TOT%&P ff T
$40,171,328
Cash with
FiscalAgent
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1
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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 LAW gains/(losses), realized and unrealized, for the period were $18,414.
Staff certifies that there are sufficient funds to meet the pool's expenditure requirements.
Accept and file the Successor Agency Investment Report for the quarter ended June 30, 2014.
SUCCESSOR AGENCY - CDC OF NC
Portfolio Management
Portfolio Summary
June 30. 2014
Par
Market
Book
%of
Daysto
Y7M
YTM
Investments
Value
Value
Value
Portfolio
Term Maturity
360 Equiv.
365 Equiv.
IAIF
33,385 963.53
33,395,084.81
33,385,963.53
83.13
1 1
0,241
0.244
Cash with Fiscal Agent
6,776,243.41
6,776,243.47
6,776,243.47
16.67
1 1
0.000
0.000
investments
40,162,207.00
40,171,328.28 40,162,207.00 100.00% 1 1 0.200 0.203
Total Earnings
June 30 Month Ending
Current Year
6,071.02
Average Daily Balance
40,162,21!l
Effective Rate of Return
0.18%
Tina Nowlin, Finandal SeMcss Officer
Reporting period 06d01/2014-0613012014
Rut Cie: 081042014-13A0
Portfolio CDC1
CP
No fiscal year history available PM (PRF_Pat) SWRept6.41202h
RexdVer.5.00
SUCCESSOR AGENCY - CDC OF NC
Portfolio Management
Page
Portfolio Details - Investments
June 30, 2014
Average
Purchase
Stated
YTM
YTM
Days to
Maturity
CUSIP
Investment# Issuer Balance
Date
Par Value
Market Value
Soak Value
Rate
360
365 Maturity
Date
LAW
SYS10006
10006
LAIF
0.00
0.00
0.00
0.382
0.377
0.382
1
SYS10044
10044
tAIF
33,385,953.53
33.395,084.81
33,386,963.53
0.244
0.241
0.244
1
Subtotal and Average 33,386,963.53
33,385,963.53
33,395,084.81
33,395,263.53
0241
0.244
1
Cash with Fiscal Agent
SYS10013
10013
National City 2004 TAB
35,631.96
36,631.96
35,631.96
D.000
0.000
1
SYS10014
10014
National City 2.004 TAB
07/012012
0.00
0.00
0.00
0.000
0.000
1
SYSI O015
10015
Nalional City 2004 TAB
07/01/2012
0.00
GAG
0.00
0.D00
0.000
1
SYS10016
10016
National City 2004 TAB
071012012
0.00
0.00
0.00
0.D00
0.000
1
SYSIOD10
10010
National City 2005A TAB
07/012012
2,186,335.00
2,185,336.00
2,185,M.00
0.000
0.000
1
SYS10011
10011
National City 2005A TAB
07I0112012
0.00
0.00
0.00
0.000
0.000
1
SYS10012
1DO12
National City 2005A TAB
07N12012
0.00
0.00
0.00
0.000
0.000
1
SYS10028
10028
National City 2005A TAB
07101I2012
0.00
0.00
0.00
0.000
0.000
1
SYS100D8
10008
National Coy 2005B TAB
07/012012
0,00
0.00
0.00
0.000
0.000
1
SYS10D09
10009
National City 2005B TAB
07/012012
0.00
D.00
D.00
0.000
0.000
1
SYS10027
1 D027
National City 2005E TAB
071012012
0.00
0.00
0.00
0.000
0.000
1
SYSIO039
10039
National City 2011 TAB
0.00
0.00
0.00
0.000
0.000
1
SYSlOD40
10040
National City 2011 TAB
OW012012
4,220,954.75
4,220,954.75
4,22D,954.75
0.000
0.000
1
SYS10041
1OD41
National City 2011 TAB
0.00
0.00
0.00
0.000
0.D00
1
SYS10042
10042
Nalional City 2011 TAB
071012Al2
0.00
0.00
0.00
0.000
0.000
1
SYSIOD45
10045
Naborel City 2011 TAB
071012012
0.D0
0.00
0.00
O.ODO
0.000
1
SYS10020
10020
National City 1999 TAB Reserve
333,320.76
333,32D.76
333,320.76
0.000
0.000
1
SYS10029
10029
National City 1999 TAB Reserve
07/01/2012
0.00
0.00
0.00
0.000
0.000
1
SYS10038
10038
HUD-108 NC DEFEASANCE CASH
07/012012
0.00
0.00
O.DO
0.000
0.000
1
Subtotal and Average 6,776,243.30
6,776,243,47
6,776,243A7
6,776,243R7
0.000
0.000
1
Total and Average 40,162,206.83
40,162,ZD7.00
40,171,32828
40,162,207.00
02M
0.203
1
Run Data: 09NGR014-13:00
Pori CDC1
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PM (PRF_PN2) SymRepl 641.202b