HomeMy WebLinkAbout19D - QRTLY RPT OF INVESTMENTSREQUEST FOR
COUNCIL ACTION
CITY COUNCIL MEETING DATE:
MAY 19, 2015
TITLE:
QUARTERLY REPORT OF INVESTMENTS
AS OF MARCH 31, 2015
{STRATEGIC PLAN NO. 4, 1}
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. State statutes require that a quarterly report be
submitted within 30 days following the end of the quarter covered by the report; however, our
office continues to provide this information to the City Council monthly. Quarter- ending reports
continue to be presented at a City Council meeting. The legislation dictates that this quarterly
report contain the seven major elements listed below:
Type of investments,
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.
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. Staff performs an end -of -month
expenditure analysis to comply with the expenditure requirement and a statement confirming the
ability to meet this requirement in the monthly -and quarter- ending Treasurer's Report. The
information is in compliance with State law and the City's Investment Policy.
1913-1
Quarterly Report of Investments
May 19, 2015
Page 2
The attached report (Exhibit 1) accurately reflects all pooled investments held on behalf of the
City as of March 31, 2015.
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 March 31, 2015.
Type of Investment
in $
in %
COSA
Policy
Limits
State
Law
Limits
Certificate of Deposit (CD)
$0.00
0.00%
30%
30%
Federal Farm Credit Bank (FFCB)
$56,322,700.00
19.25%
None
None
Federal Home Loan Bank (FHLB)
$58,093,500.00
19.86%
None
None
Federal Home Loan Mortgage Corp. (FHLMC)
$56,995,750.00
19.48%
None
None
Federal National Mortgage Association (FNMA)
$68,130,000.00
23.29%
None
None
Overnight Sweep (CP)
$25,000,000.00
8.55%
25%
25%
Local Agency Investment Fund (LAIF)
$28,008,606.69
9.57%
None
None
Sub -Total
$292,550,556.69
100.0096
None
None
Cash
$16,871,923.90
Total
$309,422,480.59
t Restricted cash is held by Trustee, Bank of New York Mellon and is segregated from cash used for daily operations.
The following graph represents percentages within the respective investment types, as of
March 31, 2015.
City of Santa Ana
Investment Portfolio Asset Allocation
(LAIF)----- March 31, 2015
10% Z
Sweep (CP)
9%
(FNMA)
23%
• Federal Farm Credit Bank (FFCB)
• Federal Home Loan Mortgage Corp. (FHLMC)
• Overnight Sweep (CP)
(FFCB)
19%
(FHLB)
(FHLMC)
19%
• Federal Home Loan Bank (FHLB)
Federal National Mortgage Association (FNMA)
• Local Agency Investment Fund (LAIF)
1901-2
Quarterly Report of Investments
May 19, 2015
Page 3
STRATEGIC PLAN ALIGNMENT
Approval of this item allows the City to meet Goal #4 City Financial Stability, Objective #1
(Maintain a stable, efficient and transparent financial environment).
FISCAL IMPACT
There is no fiscal impact associated with this action.
Francisco Gutierrez
Executive Director
Finance and Management Services Agency
WN
Exhibit 1 Treasurer's Report
19D-3
19D-4
Quarterly Report of Investments
May 19, 2015
Page 4
CITY OF SANTA ANA
TREASURER'S REPORT
as of March 31, 2015
EXHIBIT 1
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