HomeMy WebLinkAbout19D - QRTLY REPORT OF INVESTMENTSREQUEST FOR
COUNCIL ACTION
CITY COUNCIL MEETING DATE:
AUGUST 5, 2013
TITLE:
QUARTERLY REPORT OF INVESTMENTS
AS OF JUNE 30, 2013
CITY MANAGER
RECOMMENDED ACTION
Receive and file.
DISCUSSION
CLERK OF COUNCIL USE ONLY:
APPROVED
? As Recommended
? As Amended
? Ordinance on 1" Reading
? Ordinance on 2nd Reading
? Implementing Resolution
? Set Public Hearing For_
CONTINUED TO
FILE NUMBER
In 1995, the State of California enacted legislation revising the reporting requirements relative to
investment of funds by governmental agencies. These requirements, which became effective on
January 1, 1996, mandate that a statement outlining the ability of the City to meet the budgeted
expenditures for the subsequent six months be submitted to the City Council on a quarterly basis.
The legislation dictates that this quarterly report contain the seven major elements listed below:
• Type of investments,
• Date of maturity,
• Par and dollar amounts invested in each security,
• Weighted average maturity of the investments,
• Market value as of the date of the report,
• Source of the market value information, and
• Any funds, investments or programs, including loans,
under the management of contracted parties.
State statutes require that a quarterly report be presented at a Council meeting; however, our
office continues to provide this information monthly. The information is in compliance with State
law and the City's Investment Policy. The attached report (Exhibit 1) accurately reflects all
pooled investments held on behalf of the City as of June 30, 2013.
19D-1
Quarterly Report of Investments
August 5, 2103
Page 2
The following table represents percentage policy limits set by the City's Investment Policy and
State Law and respective types, amounts and percentages, as of June 30, 2013.
Type of Investment
in $
in % COSA
Policy
Limits State Law
Limits
Certificate of Deposit (CD) $0.00 0.09% 30% 30%
Commercial Paper (C/P) $0.00 0.00% 25% 25%
Federal Farm Credit Bank (FFCB) $50,925,600.00 16.00% None None
Federal Home Loan Bank (FHLB) $62,259,319.40 19.56% None None
Federal Home Loan Mortgage Corp. (FHLMC) $23,886,858.89 7.51% None None
Federal National Mortgage Association (FNMA) $81,340,023.50 25.56% None None
Overnight Sweep (C/P) $50,000,000.00 15.71% 25% 25%
Local Agency Investment Fund (LAIF) $49,825,554.12 15.66% None None
Treasuries $0.00 0.00% None None
Total $318,237,355.91 100.00%
The following graph represents percentages within the respective investment types, as of June
30, 2013.
15.66% 16.00%
t
.71% 19.56:
25:56%
7.51%
¦ Federal Farm Credit Bank
¦ Federal Home Loan Bank
Federal Home Loan Mortgage Corp.
¦ Federal National Mortgage
Association
III Overnight Sweep (Commercial
Paper)
FISCAL IMPACT
There is no fiscal impact associated with this action.
,?,Z - mz - %±:z - .-
Francisco Gutierrez
Executive Director
Finance & Management Services Agency
Exhibit 1 Treasurer's Report
19Q-2
Quarterly Report of Investments
August 5, 2013
Page 3
CITY OF SANTA ANA
TREASURER'S REPORT
as of June 30, 2013
EXHIBIT 1
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