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HomeMy WebLinkAbout0486.000! • I .{ , . '., - .. " ~"'-,',,' . . ... "'. ,;-, o Septeober 5. 1990 THE HONORABLE CITY COUNCIL PaTo Alto. C.Tiforll. INVESTMENT ACTIVITl REPORT fOR JUly 19~ Members of t~e Council: o T~i5 is an ilfonnation report and DO Council action ;5 necessary~ INTEREST INCOIIE I,terest Income {c.s~ b,s;s} for the mont~ of Ju1, was $1.4S8,67l. 17 percent of the ,nnu,l target or $8.8 millIon. CUBRENT PORTfOlIO The par .. lue of the Cit,'s portfOlio is .pproximate1y $115 lIillico • .mid consfsts of $89.G million. or 11 percent~ ~aturing ~th)1 two years. Most of t~e i~vestments. $83.5 m!11~Dn. or 73 percent, are i. Un1ted States Sovercment Securities. The curreflt l1ar'ket nlue of the portfcHo is ]00.5 percent of cosL ~OMl'LIAIICE VIU INVESTMENT POUCY As ClfJu1131. J990, the l1westll1ent portfoliD'Was 11 complhr;c:e with. ill elernents. Df the C;t,~s investment policy. I~ August 199~ projections indicited recelpts and iDvestll'lents which lIature 'WOuld exceed expendit~res. On the basis of the above prQject~o", t~ere _ere sufficient funds to ~et PilQ Alto's expenditure requirements for t~e month of August~ Staff is il the process of ~~mpletiDg a "eW c .. ~ forecast based on the 1990-199l I •• 'ear Budget. There~ .. been a deli, fl the comp1.tion due to the need for I.fonn,tion f the annu,l audit. Respectf.l1, SU,l>1Iitted. A r; / -~_ tl ~ II 0~" ,;~Zl~ 'll1u-~(- GOROON a. FORD III HARRISON J on G Trusurl JIIanager finance Oirettor A}Sistiint Citl JIIanageT CI\R:486:0 "--~ .j' - • I , t I I . . ", \ , \ \ ."\ ,. ,!O' \ • '-,', " :. t ',' ~' .~ - , ". " '-.. --~ ~ o IT I1ATURIU 'oIi t~fI 1 .. nth 1·3 ... nth 3·6 IIPntho 6·' .. nths '·12 .. nth, 1·2 yurs lIiUIo 2 years 2·5 yean 5-10 years 10-20 yurs 20·30 leirS OVer Z years TOTAL IT TY~f m: 1!ff~SII!ENT locil AgencJ lovestment Fund "ut .. l fund Certificates of Deposit: C.lhterolized CitJ of Paio Alta Bonds Certlffcate of P,rticipation O.S. TrelSury U.S. Agency REPORT OF INYESnMENTS JUly 31. U90 o PiT Amount 07/31/90 (10 s eillions! 1:\1 S 19.00 16.5 10.00 8.7 U.SO 17.0 6.00 S.l 5.00 4.3 Zi& li..§. 8B.9S 71.4 lO.S6 lJ .9 3.30 2.9 1.31 1.1 ........M _._1 26.02 22.6 114.91 100.OS I~.OO B.l 2.00 1.1 19.00 16.5 .06 .1 .45 .4 30.00 26.1 53.46 Yd TOTAL 114.'1 100.OS "arket 'alue/tost $115.4/114.8 100.5\ ClIR:4B6:D c, : Page} of 5 1990-91 06/30/90 Target (Sl > S6 18.4 11.4 13.6 8.8 S.l .J.l.! ) 535 75.3 IOOS I DOS u.s l.' 1.3 ........! 24.7 100.OS 8.8 1.8 16.6 .1 .4 22.8 49.5 100.OS > 95\ 100.3\ • \ f • '~..., ~ "J~J .E,$.. c:~~'; , 1 {.,-,. , , , I ,1 4'101 j ""~""I r--11 . I I ! I I f J, , , I i -. r'd' .. • .. ' .i" .. , ....... 'l.....'";,,.J-..... u -".,._, 'I REpoRT 0' INVESTMENTS Page 2 of 5 JULY 31, 1990 Purdin. Interest Maturity Par Market Unr.alized Pric. Pariod ~ RatL DAti: ~ bl.li.L GilD (LIl~~) BAlloc!: .E&trltn.s IHYESIMENIS Local Aaency--'nvestnlant. Fund 18.7011:1 LAIF 8,44 08·01·90 10,000,000 10,000,000 10,000,000 212,006 ~~~IJ ~~n~ (l,Z4~1 0 Flde11ty Investments 7.67 08·01·90 2.000,000 2.000,000 2,000,000 18.316 ~Ittlflt.~tl Qt DIRQsl! (1~.~3~) I S.cramento Savings (Collateral) 8.35 08·01·90 2,000,000 2,000,000 2,000,000 14,381 Gla .. l.l. fed •• ,.l t011otor.l 8.35 08·14.90 2,000,000 2,000,000 2,000,000 42,214 Glendale Federal Collateral 0.45 09-04·90 2,000,000 2.000,000 2,000,000 25,819 F1de11ty Feder.l Co"atera' 8.80 09·24·90 1,000,000 1,000,000 1,000,000 14.500 F1dellty Federal (Collateral 8.70 09.24·90 2,000,000 2,000.000 2,000.000 14,911 Glondal. Fadar.1 (Collataral 8.50 10·22-90 2,000,000 2,000,000 2,000,000 14,639 ~ --', Ca11fornl. Foderal (C011.tor.') 8.55 10-29·90 1,000,000 1,000,000 1,000,000 7,363 Gr.at Western (C011ator.l) 8.00 11·02·90 1,000,000 1,000,000 1,000,000 Cali fornio Fader.' (Collateral) 8,40 11·06·90 2,000,000 2.000.000 2.000,000 10,733 Fldolity Fader.l (Coll.tor.l) 8,60 11·13·90 2,000,000 2,000,000 2,000,000 29,144 Great Western (Coll.teral) 8.25 12·03'90 Z,2QQ.000 Z,Q22.0.Q2 Z.QQQ.2QQ ~ 19,000,000 19,000,000 19,000,000 187,912 0 Palo AltQ ImprOVement 8Qnd. (.05%> Serfes P 10.95 01·02·93 55,000 55,000 55,000 3,833 Certlfltate of PartltlDatlon (.39%) East Palo Alto San1tary District 8.70 10·01'91 450,000 450,000 450,000 CMR:486:0 .,. "",' \"W""""I" ., •. -." '..j·.;'4''''~'''''':''i'f'-r'''\'"·.,,,",~r-'", ;;;;-=""",.,.......,r-...·: ....... ..,~ ......... ":"" ....... ,.' .,JII' '.i ~' , '",'."", i< _,'" .'"'\,',''''' ,~ , # 'p' • .... i:i,~';'" .. / J , . .. ,/ .. -' 1..~A~~, r' .. ""' &""; ;" .",' , • .','-z.;,".';QIi'J',:J~;';US'~'_1I!oI:.'Ilii':<M.",.n'l.i,1'~-lo:;',W"·' J.-f .•. _" "',.~'.". ,V,'_'i' .. '.'."\l"j>~,,' .... ,.,,';,. ,,. '. .... .. -'------- -----_ .. _- , "."'1°. '); ~.:; ! i r~ l' ,' •• 4,.···'",'i'~";;.i , ',:,:,.::.,:'_~i,~.'I. ~""l, I~.f -", t' ------- " r'\ ! " ~­ ), I i ,I ~ U.S. Tr,".ur~ (26.105) 1ro .. ury Hoto. Tr • .,ury Hotos Treuury Notes Tr.asury Noto, treasury Notes Tr.asury Hot., Trealury Note. Tr ... ury Noto. rr ... ury Not •• U,S. AGENCY (46,50;) FHLB FNMA FHlB FML8 FHLB FNMA FHLB FHLB FNMA FNMA FHL8 FNMA FNMA FHL8 FHlB FHL8 FNMA FNMA FHL6 fHL8 CMR:486:0 .. ~ .. ---.. -"-. REPORt OF INVESTMENTS ~U~Y 31, 1990 Interest Maturity Par Market Rlte__ ... ,Date hl.!It hl.!It. 9.00 01-31·91 3,000,000 2,970,703 9.38 02·28·91 1,000.000 997,950 9.75 03·31·91 2,000,000 1,997,813 8.13 01-31.92 6,000,000 6,017,000 8.50 02·29.92 2,000,000 2,016,000 8.50 03·31,92 4,000,000 4,034,000 8.38 06·30·92 7,000,000 7,055,000 8.25 08·15·92 3,000,000 3,016,000 8.75 01·15·93 Z.QQ2,QQQ • z.m,QQQ 30,000,000 30,137,466 8.95 08·27.90 3,000.000 3.000,000 10.00 09·10·90 1,000,000 1.000,000 7.05 10·25·90 1,000,000 999,688 8.40 ll·26.90 1,000,000 1,000,000 8.90 ll·26·90 3,000,000 3,000,000 ll.80 12-10-90 500,000 500.000 9.35 12-26.90 3.000,000 2,998,125 9.30 01-25.91 2,000.000 2,000,000 7.65 02-11·91 2,000,000 2,000,000 7.20 04·10·91 1,000,000 1,000,000 7.875 05·27·91 4.000,000 4,012,500 8.55 06·10-91 1,000,000 1,000,000 8.40 08·12·91 1,000,000 1,004,000 7.20 08-26.91 2,000,000 1,964,000 7.40 09·25.91 1,000,000 994,000 6.85 03·25.92 2,000,000 2,026.000 8.45 05-ll·92 2.000,000 2,014.000 8.45 07·10.92 2,000,000 2,016.000 8.60 08·25·92 1,000,000 1.011,000 9.05 12·28.92 3,000,000 3,061.000 Purch .. e Unre.ll10d &aln.Cloul 69,266 13,187 45,094 40,547 38,969 ~ 230,063 4,000 (3 4 ,7501 (6,000 26,000 14,000 16,000 11,000 46,000 ...... '+J~~,',_"',',' •. ~':"._~.;.3;~~_ ~~~~~_' Pric. Balanc. 2,970,703 997,950 1,997,813 5,947,734 2,002,813 3,988,906 7,014,453 2,977,031 Z.QIQ.QQQ 29,907,403 3,000,000 1,000,000 999,688 1,000,000 3,000.000 500,000 Z,998,125 2,000,000 2.000,000 1.000,000 4.012,500 1,000,000 1,000,000 2,018,750 1,000,000 2.000,000 2.000,noo 2,000,000 1,000.000 3,015,000 Pag. 3 of 5 PeriOd Elm'nas 135,000 l78,09\) ..§Z..ill 375,461 93,000 84,500 ~ ', .. ·:t . " ", ; , r ~ ,~ (1 ,~ ~ " " 1 " f' ~ ------------.--------~.~--------~--------------~--------_c--:-~ ~:.. " ;~'" .,~,.", _~"~: •• r'· 'it- ~::::,:.:.~~"" , "~', ,_, l c,_, ",'," i 't':;" ,j.' "i:'~~. :;' '~/ . .';;,.b. ,',;' ( . 'f-'-..; _ ,J, .' , :-~fy,-! ,. • '-.. " " ". v " , , ~' • ,'/ . .',. ". .,' '. 1 I I _ /' 'I ',' ,/ r:! / t: y ~ f ___ ~'-___ '-_" ............... _'-'<.L'..._:.,.""""", ie' ,,""""'---" .-~".'-'- ~ U.S. AGEN'Y (Continued) FNHA SlHA FNKA fHLB FHLB FHLB FHL8 FHLB FNKA FlU FNHA TVA FNKA FHlMC (Pll) FHLMC (PAl Seml.Annually) GHKA (PlI) Matured and Sold Investments C.llfornla rederal Callforni. F.deral FHLB FHLB Treasury Not.s (a) FHLMC (PAl) (b) (Collateral) (Collateral) TOTAL INVESTMENTS (100%) REPORT OF INVESTMENTS JULY 31, 1990 Interest Maturity Par .l\l1.L Dale Y.J.].lIt 7.95 02·10·93 2,000,000 10,50 04·22.93 1,000,000 10,75 05·10·93 1,000,000 10,75 05.25·93 1,000,000 7.75 07·26·93 1,000,000 7.45 08·25·93 2,000,000 7,95 09·27·93 1,000,000 12,15 12·27·93 2,500,000 7,60 01.10·97 2,000,000 7.35 01-20·97 500,000 7.40 10·01·97 400,000 7.35 04·01·98 400,000 8,20 07.10·02 500,000 10.00 02·01·09 521,417 12.45 09·15·09 288,000 9.00 11015·16 a!M§~ 53,459,082 8.40 07·09·90 8.55 07·18·90 7,80 07.25·90 8.50 07·25·90 8.00 06·30·90 13.50 02·01·10 Market ~ 1,992,000 1,053,000 1,060,000 1,061,000 986,000 1,958,000 992,000 2,780,000 Pur~h ... Unrealized GaIn fLoss) (8,000) 53,000 129,063 62,875 !12,75 °1 42,000 125 342,500 1,901.000 (101,B131 469,000 (31,000 375,000 13.125 375,000 125 ,OOO! 486,000 14,000 535,000 29,989 320,000 13,375 m 222 .l4L.ill) 53,796,313 438,155 - S114,964,082 S115,438.779 S668,218 Price Bajance 2,090,000 1,000,000 930,937 998,125 998,750 2,000,000 991,875 2,437,500 2,002,813 500,000 361,875 400,000 500,000 505,011 306,625 aa2,~~ 53,358,158 SII4,770,561 Page 4 of 5 Period Eaenina. 38,750 76,O~ 18,375 20,500 4,372 .JJM 341,877 3,733 4,038 39,000 85,00 169 , 6r... ~ SI,458,672 (0) US T·Note maturing 6·30·90 matured on a weekend and was paid on 7·2·90. The note earned SI20,OOO in interest, plus S49,688 purchase discount, (b) FHLMC maturing 2·01·10 Wa. sold 7·19·90, It earned S3,O~7 ln 1nterest, plus S4,U97 purchase d1scount, plus SIO,684 s.le. prem1um. It has S2,389 principal plv5 1nterest delayed to 8·16·90. (P&I) PrinCipal and Interest payments monthly. Investments with maturiti.s of less than One year are valued at cost, PurCha •• s s1nce last report are shown In bold type. CMR:4B6:0 '",-, , I>ti " ""., \~-~~~I:;\ ('i ~' " ,,~ri:,",;,~'i' • ';~ -, " rl,' ''.'' .. ; ! i~' -\ I,,,, ' ,-, :,~-;-, -... ~ , r' ~ i ~ ~ f ~ .' " ~ ,~'! , ," I, ;~ , f~ '1 ~, i 110,' ............. ~ ___ ""_~ __ +-~-...--. ..... __ .... ~.~ ___ ',--.r'.'_ ~~---~n ..... ' I .' . ,,")" :-1' '<, 'I, • L '" ':"j ,,(L;,::1 j'W: '"',''1';1';(:'/''' '<0 l. L I, 1 )" . __ {":'d-'~"!·('-v.:.;'-->, '( .,,) ..• ,t '<l:t\I'~l , ,VI' ,,", '." I:'" ';:~:~'~ ----.-- '---r, -, -.' .' . , '.: .' -',.-.' . -~.. .'\" • 'I.< j'.. '" -, ~ .... / • .: ~" , ' .)_~~r"-~'- } .";~', " Vorl llni1 lot« •• \ Inc ... $ (ffective Annaal Rate of Ret ... 00 rnvestlOents I 0IR:486:0 W;ii' " o INTEREST IIICOIIE (CASH lAS IS MY 31, 1990 Increas.e To Oat. T. O.te (Deer ... e) 1%8-89 1989-90 1989-90 712,918 1,458,672 6SS,694 8.54 8.90 .36 • 1, PigO 5 of 5 IOf Target Target To Date 8,800,000 16.S8 8.20 109.02