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Item 10 - Periodic Quarterly Report of Investments as of December 31, 2021.
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Item 10 - Periodic Quarterly Report of Investments as of December 31, 2021.
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8/16/2023 11:41:11 AM
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City Clerk
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Agenda Packet
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Clerk of the Council
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10
Date
2/15/2022
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Quarterly Report of Investments <br />February 15, 2022 <br />Page 2 <br />2 <br />4 <br />2 <br />5 <br />The attached Cash held by Bank and Cash held by Fund(s) Listing (Exhibit 2) is a <br />schedule of cash by funds added to the monthly and quarterly Report of Investments to <br />enhance FMSA’s reporting and transparency. <br />The following two tables represent the following: (1) percentage limits set by the City’s <br />Investment Policy and State Law and shows respective City investment portfolio <br />investment types, amounts, and percentages; and (2) the restricted cash balance as of <br />December 31, 2021. <br />Type of Investment Amounts <br />Invested $ <br />Portfolio <br />% <br />COSA <br />Policy <br />Limits <br />% <br />State Law <br />Limits % <br />Certificates of Deposit (CDs)$5,208,000 1.29%30%30% <br />Federal Farm Credit Bank (FFCB)$51,909,210 12.88%None None <br />Federal Home Loan Bank (FHLB)$162,395,858 40.30%None None <br />Federal Home Loan Mortgage Corp. (FHLMC)$49,991,250 12.41%None None <br />Federal National Mortgage Association (FNMA)$61,899,880 15.36%None None <br />Local Agency Investment Fund (LAIF)$14,069,652 3.49%None None <br />Local Agency Investment Fund (LAIF – ARPA)$57,472,684 14.26%None None <br />Sub- Total:$402,946,534 100%None None <br />Cash :$45,606,721 <br />Total:$448,553,255 <br />Restricted Cash In $ <br />Restricted Cash †,$3,059,372 <br /> Total $3,059,372 <br />† Restricted cash is held by various Trustees such as Bank of New York Mellon; US Bank; Signature Bank; and <br />State of California Condemnation Fund. Restricted Cash is segregated from cash used for daily operations. <br />The following City investment portfolio graph represents percentages within the <br />respective investment types as of December 31, 2021.
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