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HomeMy WebLinkAbout0613.000-9' -. o Gecember 13, 1990 THE HONORABLE CITY tOUNCIl P.10 Alto, CalifornIa '. 1N\IESJJ!OO ACTIVITY RtPDRT FOR NOVEI!8ER 1990 Maobers of the Co""cl1: Tnis is ~n 1~format1on ~port and no Council attion is necessary. INT£REST INCOIIf Interest income (cash basis) for the DOnt" of November was $595,209 and for the first five acnths of 1990-91 totalled 54.0 Million, 45 ?_reent of the annual target of SS.8 .i1110n. CURRENT POItTFOlIO The par •• 1ue of the City's portfoliO is approximately 5115 million, which (onsists of $12.6 .1111on, or 63 percent t lIaturing within two years. Most of the lrlvestitents, 598.9 1111 Hon, Dr 86 perc.e·nt, are in United Shte-s Goyernment Securities. The current •• rket v,'ue of the porlfo1!o is 101.0 percent of cost. COIIPLlAllCE VII!! 11IY£S!1!E!!T poLICY M of Nov""', 30, 1990, the investillent portfollo ''is i. compHance wit. ,11 .le_mts of the City's invest"",nt pollcy. lA Ger.mber 1990 projection. Indicate receipts will be $14.0 .il1ion; expenditures will be 517.3 .il1ion; and 516.1 lI!illior. of investments will lIature. On the basis of the above projection, there will be suffic1ent funds to meet Pile Alto~s expenditure requirements for the DOnth of December. Based upon tMe cash flow project~ons prepared by Treasury staff for fiscal year 1990~91, t~ere will be 5ufficifnt funds from revenues and .. turfng investments to meet all !xpenditure require.ents for the remainder of the fiscal year. :;;:l:;,;:e' '-d vL . fl GORDON 8. FORD ~l~ Treasury Minager fin~n,-e Director CMR:613:0 • ',-- ; ----. -~ 0 Pa~. I of 5 l£PORT OF INV£STlCfMTS NOVElllEIl 30. 1190 Plr AoIo"nt 11/30/90 1990-91 10/31/90 (10 S ~illl~"~1 I!.l hrgH .....l!.L- HllAlUIlD Within 1 ... nt~ 5 16.10 14.0 > $6 16.7 1-3 8IOnt"s 8.00 7.0 9.0 3-6 IIOnt~s 10.00 8.1 5.1 6-9 llenth, 4.00 3.4 4.3 9-12 IIOnths 3.45 3.0 3.8 1-2 y~.rs ll...9!l ll...Q -Z!& Within 2 ye.rs 72.55 63.1 > 535 63.7 Z-S yeus 37.Q5 32.2 31.7 5-10 years 3.30 2.9 2.8 10-20 years 1.25 1.1 1.1 20-30 ynrs -----R _._7 ~ OVer Z years 42.42 ~.9 36.3 TOTAL 114.97 IOO.~ 100% 100.0% II IItI QE IfMmlEIIT locil Agen" Inyest .. nt fund 10.00 S.7 S.5 Mutnl fund .60 _s .S Certificates of Deposit: Col hterali<ed 5.00 4.3 6.0 City of ,,1. Alto Sonds _05 _1 .1 Certificate .f ParticipatIon .45 .4 .4 U.S. Tre,,",y 52.50 45.7 41.4 U.S. Agency !§...lZ ~ -1W TOTAl. 114.91 100.~ 10~ 100.~ Market y.luo/Cost $110_0/1I4.S IOI.~ > 9S~ 100.1' CIIR,611:0 Page Z ., 5 REPORT OF IIIVESTNEllTS NOYEJI8ER 30. lDPO I'IIrch ... Interast Mlturlty PI" Marht Un "",11 11<1 P .. lt. Period S!IJlIil 81tll Q'&I I&I.lIf. lllJLC... Gafll (laul S.lll1ce (Iml ••• IIIYEST!!ENIS t.oea] _ICX lanlitllilt fII~d II.Zm LAIF 8.29 12-01-90 10,000,000 10,000,000 10,000,000 MuaLfuM: (Q.m} G Fidelity Inv.st~nts 7.34 12-01-90 500,000 500,000 500,000 3,254 franklin Investments 7.46 12-01-go ill..QQ.Q ~ lQ2...2OQ .wM 600,000 600,000 600,000 4,722 'Itt!!! •• , •• of Depos!t (',3~l ,~I--\',:1'~:t~jN~!:,i~,~K~:f.l!if>P:M.i~~'1 Gralt Vo.te .. n (Collate""l) 8.25 12·03-go 2,000,000 2,000,000 2,000,000 13,750 '; . ffdellty fede .. 11 (tollateral) 8.00 04·23·'1 .J.~ ~ 2OJ!.!!O.\l ~.!!!!2. 000 I "i·'ltf;:J~ :. -;'. :-', .... ' .. 5,000.000 5,000,000 5,000,000 13,750 Pd. Alto lIprov-llt 80Ms (.OS%1 0 ! /: " ': f ' 1 Serle. P 10.95 01-02·93 55,000 55.000 55,000 • i,,' '1;,i~Y:~.:I\i"li· ,fI'I';1<iif:l!NM~ ;.',t:;.~' {~:'l.!£'i<; j Qlrt!(!'.te if tltt1clDil!2D (.~~ Elst Palo Alto Slnitary DIstrict 8.10 10·01-91 450.000 450,000 450.000 CHR:613:0 t -_.-----._- REPORT OF INVESTMENTS Page 3 of 5 NOVEIIBflI 3D, 1990 Purchase Int.rest Mat.rlty Plr Market Unr .. H,ad Price Period S!IJIg Rate DAti bJ.IIf IiJ.JIL Gain {l~S~} Illance ElI'IliD!ls U,~, ItIIIUt! 1!~,I§l1 Trol$.'Y Notes 9.00 01·31·91 3,000,000 2,970,703 2,970,703 Treuu.y Notes 9.38 02·28·91 1,000,000 '97,950 991,950 TreiSury Notes 9.15 03·31·91 2,000,000 1,991,813 1,991,813 T ...... y Not .. 7.75 11·30.'1 2.000.000 2,005,525 2,005,1;25 1,59'0 Treasury Notes 8.13 01·31·92 6,000,000 6,041,000 93,266 5,947,734 T.easury Notes 8.50 02·29·92 2,000,000 2,021,000 18,187 2,002,813 Treasury Not@s B.50 03·31·92 4,000,000 4,046,000 57,094 3,988,906 Treasury Notes 8.38 06·30·92 1,000,000 7,081,000 66,547 7,014,453 Treuuty Not •• 9.25 08·15·92 3,000,000 3,029,000 51,9b9 2,977 ,031 Tr •• sury Notes 8.38 11-l5·92 2,000,000 2,028,000 18,625 2,009,315 31,406 Treuury Notes 8.75 OJ.l5·93 2,000,000 2,044,000 34,000 2,010,000 Trelsury Notes 8.25 02·15·93 4,500,000 4,553,000 43,625 4,509,375 Treasury Notes B.13 06·30·93 3,000,000 3,032,000 16,062 3,015,938 Trelsury Notas 8,00 08·15·93 7,000,000 7,050,000 61,B75 6,988,125 Tr@&sury Notes B.25 09·30·93 2,000,000 2,028,000 13.000 2,015,000 Tr •• sury Notes 8.25 09·30-93 ~ .. 2. .. 01!1.2!l!! ....I...ill Z.020,938 " 52,500,000 52,953,091 481,312 52,471,779 33,100 .' ;1; :/ ~,~, 8fi£~'I (~3,~~1 FNPIA 11.80 12·10·90 500,000 500,000 500,000 0 FHLB 9.35 12·26·90 3,000,000 2,998,125 2,998,125 FHLB 9.30 01-25-91 2,000,000 2,000,000 2,000,000 FHHA 7.65 02·11·91 2,000,000 2,000,000 2,000,000 FHHA 7.20 04-10-91 1,000,000 1,000,000 1,000,000 FHLB 7.88 05-27·91 4,000,000 4,012,500 4,012,500 157,500 fNl1A 8.55 06·10-91 l,OOO,OOO 1,000,000 1,000,000 FNHA 8.40 08·12·91 1,000,000 1,000,000 1,000,000 FHLB 1.20 09-26-91 2,000,000 2,018,150 2,018,750 FHl8 7.40 09·25·91 1.000,000 1,000,000 1,000,000 • C"R:613:0 ,) , . ----- REPORT Of INVESTMENTS NOYENIER 3D, liiO Purchase Interest Maturity Plr Market Unrealized Price Pertod ~ It.LAGElICY (Conttnued) B~t~ Dlt~ fi.lII.t WJIL Gain (loss) Blllill.. r.rnjnos FHLB 8.85 03-25-92 2,000,000 2,029,000 29,000 2,000,000 FIlMA 8.45 05-11-92 2,000,000 2,022,000 22,000 2,000,000 84,500 FNHA 8.45 07-10-92 2,000,000 2,024,000 24,000 2,000,000 FHL8 8.60 08-25-92 1,000,000 1,015,000 15,000 1,000,000 FHLB 9.05 12-28-92 3,000,000 3,074,000 59,000 3,015,000 FNMA 7.95 02-10-93 2,000,000 2,008,000 8,000 2,000,000 SlMA 10.50 04-22-93 1,000,000 1,057,000 57,000 1,000,000 53,7500 FNMA 10.75 05-10-93 1,000,000 1,065,000 134,063 930,9]7 FHLB 10.75 05-25-9] 1,000,000 1,064,000 65,875 998,125 53,750 FHLB 7.75 07-26-9] 1,000,000 999,000 250 998,750 I:·.',',~?·r'_· "~i,'. j' ,\:"",' -c ' ,- FHLB 7.45 08-25-93 2,000,000 1,983,000 (17,000) 2,000,000 FHLB 7.95 09-27-93 1,000.000 1,003,000 11,125 991,875 FHLB 12.15 12-27·9] 2,500,000 2,181,000 ]4],500 2,437,500 FHLI'IC (a) 8.80 OB-28-95 2,000,000 2,020,000 20,000 2,000,000 FNMA 7.60 01-10-97 2,000,000 1,927,000 (75,813 ! 2 ,OOZ ,813 fLB 7.35 01-20-97 500,000 473,000 (27,000 500,000 FNMA 7.40 10·01-97 400,000 385,000 23,125 361,815 TVA 7.35 04-01·98 400,000 385.000 (15,OOO! 400,000 " FNMA 8.20 07-10-02 500,000 491,000 (9,000 50C.000 \' FHLMC !PU) 10.00 02-01-09 496,390 510,000 30,016 479,984 4,186 fHLMC Pl. Semi-Annually) 12.45 09-15-09 255,000 2B4,OOO 10,375 273.625 l\ GNMA (PU) 9.00 11-15-16 §Z2,ill 8Q6,QQO ill...lli) 8~1.~ZQ ~ 46,372,091 46,934,375 6tiZ ,896 46,271,4n 359,849 Matured and Sold Inye~ 1,) Great Western (Collateral) 8.00 11-02-90 222 California Federal (Collateral) 8.40 11-06-90 2,333 Fidelity Feder.l (Collateral) 8.60 11-13-90 5,733 FHL8 8.40 11-26-90 42,000 FHLB 8.90 11-26-90 ---~-ill...i2.2 "" TOTAL INYEST"ENTS (100%) $114,977,091 $115,992,466 SI,144,208 S114,848,258 $595,209 \::~ '>" , '::'.,r,\.'~ :"i'~/" " (P&I) Principal and Interest payments monthly. Investments with maturtttes of less than one year are valued at cost. PUrchAses since last report are show~ in bold type. ( a) FHLMC has a on. yoar callable option. ~ijim"t·, • " j' t.'J ',10 . :,\ <-;-" 'j " CKR:611:0 Work lIn!1 loterest IncOlle $ Effective Annual Rate of Retu ... On Inyutllents CM:613:0 IIO"EREST INCOME (CASH BASIS NOVDIIIB JO. 1990 IlKrease To Oite To Date (Decr .. se) 1m-gO 1990-'1 1990-91 3.774,281 3,992,544 218,263 8_'5 8.68 1.27) Page 5 of 5 % Of Target Target To Date 8,800,000 4S.37 8.20 IOS.BS