19F - QRTLY RPT OF INVESTMENTS - Laserfiche WebLink

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Quarterly Report of Investments November 15, 2016 Page 2 The illustration depicts the City's Investment Portfolio earnings for fiscal year 2015-16 have increased 133% or approximately $1.9 million since fiscal year 2013-14. The increase is largely attributable to recommendations discussed at Committee meetings specifically a change in investment strategy and implementation of process improvements. The following graph represents three year comparison of annual effective rate of return. In addition, the 124% increase in the rate of return from fiscal year 2013-14 to 2015-16 reflects the Treasury Division prudent management of the portfolio by implementing an investment strategy of balancing duration and interest rate risk without increasing loss of principal. In 1995, the State of California enacted legislation revising the reporting requirements relative to investment of funds by governmental agencies. Specifically AB 2853 and Government Code Section 53646 makes it permissible and not mandatory that a quarterly report be submitted within 30 days following the end of the quarter covered by the report. The legislation specifies that this quarterly report contain the seven major elements listed below: 1. Type of investments, 2. Date of maturity, 3. Par and dollar amounts invested in each security, 4. Weighted average maturity of the investments, 5. Market value as of the date of the report, 6. Source of the market value information, and 7. Any funds, investments or programs, including loans, under the management of contracted parties. The attached Treasurer's Report (Exhibit 1) accurately reflects all pooled investments held on behalf of the City as of September 30, 2016. 19F-2 Investment PartfbLiao Rate of Return a.oao E o.Boo o.asca `s 0.60OV---- 0.203,0% _—______—___--_ _— __.. _. 0..0I09e. FY 1.3-14 FY 14-15 FY 15-.:1.6.. In addition, the 124% increase in the rate of return from fiscal year 2013-14 to 2015-16 reflects the Treasury Division prudent management of the portfolio by implementing an investment strategy of balancing duration and interest rate risk without increasing loss of principal. In 1995, the State of California enacted legislation revising the reporting requirements relative to investment of funds by governmental agencies. Specifically AB 2853 and Government Code Section 53646 makes it permissible and not mandatory that a quarterly report be submitted within 30 days following the end of the quarter covered by the report. The legislation specifies that this quarterly report contain the seven major elements listed below: 1. Type of investments, 2. Date of maturity, 3. Par and dollar amounts invested in each security, 4. Weighted average maturity of the investments, 5. Market value as of the date of the report, 6. Source of the market value information, and 7. Any funds, investments or programs, including loans, under the management of contracted parties. The attached Treasurer's Report (Exhibit 1) accurately reflects all pooled investments held on behalf of the City as of September 30, 2016. 19F-2