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4. We reviewed the City's Quarterly Investment Report for the quarter -ended June 2016 to <br />ascertain it contained the information/data required by Government Code Section 53646 and <br />met the timing requirements of Government Code Section 53646, as follows: <br />a. Included the type of investment, issuer, date of maturity, par and dollar amount invested on <br />all securities, investments and monies held by the City. <br />b. Included those funds under management of contracted parties (fiscal agents, trustees, etc.). <br />c. Included market value (and source) as of the date of the report for all securities held by the <br />City or under management of any outside party that was not also a local agency or the State <br />of California Local Agency Investment Fund. <br />d. Stated compliance of the portfolio to the Policy of the City. <br />e. Included a statement addressing the ability of the City to meet the pool's expenditure <br />requirements for the next six months. <br />Finding: No exceptions were noted as a result of our performing this procedure. <br />We compared the investments listed in the City's Quarterly Investment Report for the <br />quarter -ended June 2016 to the prohibited investments listed in the Code. <br />Finding: No exceptions were noted as a result of our performing this procedure. <br />6. We reviewed the City's Quarterly Investment Report submission evidence documentation for <br />the quarter -ended June 2016 and ascertained whether a quarterly basis report was submitted <br />within 30 days following the end of the quarter. <br />Finding: No exceptions were noted as a result of our performing this procedure. <br />We were not engaged to, and did not, conduct an audit, the objective of which would be the expression <br />of an opinion on the compliance with the Policy. Accordingly, we do not express such an opinion. Had <br />we performed additional procedures, other matters might have come to our attention that would have <br />been reported to you. <br />This report is intended solely for the information and use of the City Council and management of the <br />City, and is not intended to be, and should not be, used by anyone other than those specified parties. <br />l 7 % <br />Irvine, California <br />December 7, 2016 <br />Aue_" ad"o) Lc,-' <br />-2- <br />19F-28 <br />