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2006 Monthly Investment Reports - City Treasurer - City I
r C , Council/Agency Meeting Held: (� Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied Ci C erk' Sign to e Council Meeting Date: 2/5/2007 Department ID Number: CT07-06 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBE�RSS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURZ6T PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURff64�- SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S DECEMBER 2006 INVESTMENT SUMMARY REPORT Ement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for December 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for December 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for December 2006. 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. December 2006 PowerPoint Presentation ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for December 2006 City Investment Portfolio: November December Inc./(Dec.) End of month City Portfolio Balance $196,436,559 $209,890,216 $13,453,657 End of month General Fund Balance $20,807,941 $29,595,474 $8,787,533 Monthly Effective Rate of Return 4.49% 4.51% $0 Average Maturity ( in days) 381 387 6 End of Month Market Value $195,529,291 $208,775,243 $13,245,952 End of month bank cash balance $5,032,874 $4,018,779 ($1,014,095) Bond Proceeds Investments:* September October Inc./(Dec.) End of Month Bond Reserve Par Value $18,425,202 $18,435,603 $10,401 End of Month Bond Reserve Market Value $18,425,202 $18,435,603 $10,401 Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $75,505,085 $79,410,955 $3,905,870 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $450,000 $761,301 $311,301 Interest Earned Year to Date $1,350,000 $2,203,145 $853,145 Earned Interest Yield Year to Date 4.25% 4.47% 0.22% *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. December %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $105,846,141 50% None 683 4.20% Local Agency Inv. Fund (LAIF) $37,626,235 18% $40 million 1 5.13% Treasury Securities-Coupon $17,964,415 9% None 306 4.14% Medium Term Notes $1,977,161 1% 20% 639 5.09% Commercial Paper Disc. -Amortizing $38,537,782 18% 25% 46 5.36% Federal Agency Disc. -Amortizing $5,945,082 3% None 64 5.28% Treasury Discounts-Amortizing $1,993,400 1% None 24 5.15% $209,890,216 100% 387 4.63% City of HB Portfolio Management Portfolio Summary December 31, 2006 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 105,850,000.00 104,823,588.00 105,846,141.29 50.43 1,258 683 4.146 4.204 Local Agency Investment Funds 37,626,234.64 37,626,234.64 37,626,234.64 17.93 1 1 5.059 5.129 Treasury Securities-Coupon 18,000,000.00 17,871,940.00 17,964,415.33 8.56 790 306 4.088 4.144 Medium Tenn Notes 2,000,000.00 1,970,340.00 1,977,161.35 0.94 693 639 5.021 5.090 Commercial Paper Disc.-Amortizing 38,800,000.00 38,542,020.00 38,537,781.59 18.36 75 46 5.288 5.361 Federal Agency Disc.-Amortizing 6,000,000.00 5,946,800.00 5,945,082.22 2.83 110 64 5.203 5.276 Treasury Discounts-Amortizing 2,000,000.00 1,994,320.00 1,993,400.00 0.95 178 24 5.074 5.145 210,276,234.64 208,775,242.64 209,890,216.42 100.00% 727 387 4.561 4.625 Investments Cash and Accrued Interest Accrued Interest at Purchase 34,208.60 34,208.60 Subtotal 34,208.60 34,208.60 Total Cash and Investments 210,276,234.64 208,809,451.24 209,924,425.02 727 387 4.561 4.625 Total Earnings December 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 761,300.66 2,203,145.29 Current Budget 450,000.00 1,350,000.00 5,400,000.00 Last Year Actual 545,125.00 1,524,564.00 7,728,428.00 Average Daily Balance 198,659,563.25 195,569,713.40 Effective Rate of Return 4.51% 4.47% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 18,2006. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and Interactive Data Corporation. /- 2N- 07 S I L.FREIDENRICH,CITY TREASURER Reporting period 12/01/2006-12131/2006 Portfolio CITY AP Run Date:01/24/2007-17:44 PM(PRF_PM1)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments December 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 368 Maturity Date Federal Agency Issues-Coupon 31331TT04 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 996,880.00 1,000,000.00 2.850 AAA 2.850 50 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 979,690.00 1,000,000.00 3,500 AAA 3.500 470 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,962,500.00 2,000,000.00 4.000 AAA 4.000 666 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,960,000.00 2,000,000.00 4.000 AAA 4.000 714 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,975,000.00 2,000,000.00 3.700 AAA 3,700 305 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,975,620.00 1,999,062.03 4.620 AAA 4.642 854 05/04/2009 31331SXV0 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,975,000.00 2,000,000,00 4.450 AAA 4.450 693 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000,00 1,959,380.00 2,000,000.00 4.480 AAA 4.480 1,267 06/21/2010 31331VR32 3408 Federal Farm Credit Bank 07/19/2006 2,000,000.00 2,002,500.00 2,000,000.00 5.500 AAA 5.500 199 07/19/2007 31331XAE2 3428 Federal Farm Credit Bank 10/13/2006 2,000,000.00 1,996,880.00 2,000,000.00 5.200 AAA 5.200 1,016 10/13/2009 31331XAK8 3430 Federal Farm Credit Bank 10/16/2006 2,000,000.00 1,993,120.00 2,000,000.00 5.250 AAA 5.250 1,201 04/16/2010 31331XHPO 3452 Federal Farm Credit Bank 12/14/2006 2,000,000.00 1,986,260.00 2,000,000.00 5.250 AAA 5.250 1,443 12/14/2010 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,948,120.00 2,000,000.00 3.020 AAA 3.020 462 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,988,760.00 2,000,000.00 2.400 AAA 2.400 74 03/16/2007 31339YH54 3169 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,996,880.00 2,000,000.00 2.270 AAA 2,270 22 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,947,500.00 2,000,000.00 3.320 AAA 3.320 574 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,935,000.00 2,000,000.00 2.900 AAA 2.900 575 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,816,478.00 1,860,000.00 4.000 AAA 4.000 637 09/29/2008 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,994,380.00 2,000,000.00 3.000 AAA 3.000 50 02/20/2007 3133XSHE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,974,380.00 2,000,000.00 2.800 AAA 2,801 196 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,986,880.00 2,000,000.00 3.070 AAA 3.070 116 04/27/2007 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,971,260.00 2,000,000.00 3.260 AAA 3.260 270 09/28/2007 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,991,260.00 2,000,000.00 4.010 AAA 4.010 144 05/25/2007 3133XEXU8 3365 Federal Home Loan Bank 03/28/2006 2,000,000,00 1,997,500.00 2,000,000.00 5.100 AAA 6.100 270 09/28/2007 3133XF4C7 3367 Federal Home Loan Bank 03/29/2006 2,000,000.00 1,999,380.00 2,000,000.00 5.000 AAA 5.000 28 01/29/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 2,002,500.00 2,000,000.00 5.500 AAA 5.500 1,404 11/05/2010 3133XG7M0 3406 Federal Home Loan Bank 07/26/2006 2,000,000.00 2,000,620.00 2,000,000.00 5.600 AAA 5.600 206 07/26/2007 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,008,120.00 2,000,000.00 5.700 AAA 5.700 1,697 08/25/2011 3133XGMV3 3416 Federal Home Loan Bank 08/23/2006 2,000,000.00 2,000,620.00 2,000,000.00 5.375 AAA 5.375 53 02/23/2007 3133XGWR1 3420 Federal Home Loan Bank 09/20/2006 2,000,000.00 1,999,380.00 2,000,000.00 5.300 AAA 5.300 262 09/20/2007 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 2,000,620.00 2,000,000.00 5.430 AAA 5.430 1,725 09/22/2011 3133XGY01 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,003,760.00 2,000,000.00 5.300 AAA 5.300 1,718 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,001,880.00 2,000,000.00 4.250 AAA 4.250 1,037 11/03/2009 3133XHV41 3442 Federal Home Loan Bank 11/21/2006 2,000,000.00 1,997,500.00 2,000,000.00 5.200 AAA 5.200 324 11/21/2007 3133XHWH1 3443 Federal Home Loan Bank 11/24/2006 2,000,000.00 1,997,500.00 2,000,000.00 5.150 AAA 5.150 235 08/24/2007 3133XHXA5 3444 Federal Home Loan Bank 11/21/2006 2,000,000.00 2,000,620.00 2,000,000.00 5.350 AAA 5.360 324 11/21/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,938,720.00 2,000,000.00 3.000 AAA 3.000 568 07/22/2008 Portfolio CITY Run Date:01/24/2007-1744 AP PM(PRF_PM2)SyrnRep16.41.202 Report Ver.5,00 City of HB Portfolio Management Page 3 Portfolio Details - Investments December 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon - 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,955,040,00 2,000,000.00 3,000 AAA 3.000 387 01/23/2008 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000,00 1,995,040.00 2,000,144.19 2.750 AAA 2.678 39 02/09/2007 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,995,040.00 2,000,265.63 2.750 AAA 2.618 39 02/09/2007 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,960,400.00 2,000,000.00 3.560 AAA 3,560 480 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,955,920.00 2,000,000.00 4.125 AAA 4.125 1,052 11/18/2009 3128=93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,959,900,00 2,000,000.00 3.600 AAA 3.600 507 05/2212008 3128XSLP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 1,991,640.00 1,998,094.44 5.250 AAA 5.273 1,739 10/06/2011 3128XSQK7 3446 Federal Home Loan Mort Corp 11/28/2006 2,000,000.00 1,991,580,00 2,000,000.00 5.500 AAA 5.500 1,792 11/28/2011 3128XSTU2 3459 Federal Home Loan Mort Corp 12/18/2006 2,000,000.00 1,990,640.00 2,000,000.00 5.050 AAA 5.050 1,082 12/18/2009 3128XSTDO 3460 Federal Home Loan Mort Corp 12/26/2006 2,000,000,00 1,993,460.00 2,000,000.00 5.100 AAA 5.100 725 12/26/2008 3128XSUM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 1,988,700.00 2,000,000.00 5.250 AAA 5.250 1,823 12/29/2011 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,940,620.00 2,000,000,00 3.610 AAA 3.610 819 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,949,380.00 1,998,575.00 3.250 AAA 2.052 520 06/04/2008 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 1,958,760,00 2,000,000.00 4.250 AAA 4,250 1,002 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort,Assoc. 11/23/2004 2,000,000.00 1,962,500.00 2,000,000.00 3.700 AAA 3.700 508 05/23/2008 3136F6PB9 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,973,760.00 2,000,000.00 3.700 AAA 3.080 322 11/19/2007 3136F74N4 3433 Fed,Nat'l Mort.Assoc. 10/27/2006 2,000,000.00 1,998,760.00 2,000,000.00 5.375 AAA 5.375 1,760 10/27/2011 Subtotal and Average 111,924,500.42 105,850,000.00 104,823,588.00 105,846,141.29 4.204 683 Local Agency Investment Funds SYS982 982 Laif City 17,650,439.73 17,650,439.73 17,650,439.73 5.129 NR 5.129 1 SYS2206 2206 LAIF-Redevelopment Agency 19,975,794.91 19,975,794.91 19,975,794.91 5.129 NR 5.129 1 Subtotal and Average 32,855,266.90 37,626,234.64 37,626,234.64 37,626,234.64 5.129 1 Treasury Securities-Coupon 912828CG3 3235 US Treasury Notes 05/17/2004 2,000,000.00 1,985,940,00 1,999,478.17 3.125 AAA 3.195 134 05/15/2007 912828ANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,965,700.00 1,992,227.65 3.000 AAA 3.473 318 11/15/2007 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,965,700.00 1,999,007.96 3.000 AAA 3.060 318 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,972,180.00 1,996,566.84 2,750 AAA 3.034 226 08/15/2007 912828SY5 3375 US Treasury Notes 04/20/2006 2,000,000.00 1,993,280.00 1,993,599.46 2.250 AAA 4.931 45 02/15/2007 912828DJG 3377 US Treasury Notes 04/20/2006 2,000,000,00 1,997,100.00 1,997,115.38 3.125 AAA 4.933 30 01/31/2007 912828DQO 3382 US Treasury Notes 04/21/2006 2,000,000.00 1,993,440.00 1,994,421.46 3.750 AAA 4.932 89 03/31/2007 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,006,020.00 2,001,458.84 4.875 AAA 4.834 957 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 1,992,580.00 1,990,539.57 4,626 AAA 4,909 638 09/30/2008 Subtotal and Average 17,959,000.07 18,000,000.00 17,871,940.00 17,964,415.33 4.144 306 Portfolio CITY AP Run Dale:01/24/2007.17:44 PM(PRF PM2)SyrnRept 6.41.202 City of HB Portfolio Management Page Portfolio Details - Investments December 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Medium Term Notes 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 1,970,340.00 1,977,161.35 4.400 Aal 5.090 639 10/01/2008 Subtotal and Average 1,976,652.65 2,000,000.00 1,970,340.00 1,977,161.35 6.090 639 Commercial Paper Disc.-Amortizing 17307SNC2 3414 Citigroup Global 08/15/2006 2,000,000.00 1,997,040.00 1,996,785.56 5.260 P-1 5.453 11 01/12/2007 17307SQ62 3466 Citigroup Global 12/15/2006 2,000,000.00 1,981,660.00 1,981,368.89 5.240 P-1 5.376 64 03/06/2007 17307SQU9 3457 Citigroup Global 12/18/2006 2,000,000.00 1,975,260.00 1,975,012.22 5.230 P-1 5.381 86 03/28/2007 36959JP98 3451 General Electric Capital Corp 12/11/2006 2,800,000.00 2,784,432.00 2,784,105.34 5.240 P-1 5.360 39 02/09/2007 36959JQ71 3464 General Electric Capital Corp 12/21/2006 1,400,000.00 1,386,952.00 1,386,729.16 5.250 P-1 5.383 65 03/07/2007 42786UPD1 3466 Hershey Company 12/22/2006 2,000,000.00 1,987,700.00 1,987,577.78 5.200 P-1 5,313 43 02/13/2007 45974NNQ5 3441 Internation Lease Fin.Corp. 11/17/2006 2,000,000.00 1,993,500.00 1,993,323.61 5.226 A1P1 5.360 23 01/24/2007 45974NP91 3448 Internation Lease Fin.Corp. 12/06/2006 2,000,000.00 1,988,880.00 1,988,711.67 5.210 A1P1 5,333 39 02/09/2007 45974NQ17 3449 Internation Lease Fin.Corp. 12/06/2006 2,000,000.00 1,983,060.00 1,982,988.34 5,190 A1P1 5.327 59 03/01/2007 45974NO17 3465 Internation Lease Fin.Corp. 12/22/2006 2,000,000.00 1,983,060.00 1,982,857.23 5.230 A1P1 6.356 59 03/01/2007 47816GNJ4 3454 Johnson$Johnson 12/14/2006 2,000,000.00 1,995,280.00 1,995,088.89 5.200 P-1 5,299 17 01/18/2007 6068OBN93 3440 MITSUBISHI CREDIT AMER 11/17/2006 2,000,000.00 1,997,940.00 1,997,657.78 5.270 5.385 8 01/09/2007 61745BQ91 3453 Morgan Stanley Dean Witter 12/14/2006 2,000,000.00 1,980,780.00 1,980,495,56 6.240 A1P1 5.379 67 03/09/2007 61745BR90 3455 Morgan Stanley Dean Witter 12/14/2006 2,000,000.00 1,971,880.00 1,971,580.00 5.220 A1P1 5.383 98 04/09/2007 61745BQL4 3458 Morgan Stanley Dean Witter 12/18/2006 2,000,000,00 1,977,680.00 1,977,293.34 5.240 A1P1 5.385 78 03/20/2007 81989DNKB 3450 Sharp Electronics Corp. 12/06/2006 2,000,000.00 1,994,980.00 1,994,760.00 5,240 A1P1 5.347 18 01/19/2007 80685UPD3 3445 Schlumberger Co. 11/17/2006 2,000,000.00 1,987,700.00 1,987,530.00 5.220 P-1 5.361 43 02/13/2007 80685UPN1 3467 Schlumberger Co. 12/22/2006 2,000,000.00 1,985,100.00 1,984,891.11 5.230 P-1 5.351 52 02/22/2007 91411UNW1 3447 University of California 12/06/2006 2,600,000.00 2,589,236.00 2,689,025.11 5.240 P-1 5,356 29 01/30/2007 Subtotal and Average 28,181,202.52 38,800,000.00 38,542,020.00 38,537,781.59 5.361 46 Federal Agency Disc.-Amortizing 313312DG2 3462 Federal Farm Credit Bank 12/21/2006 2,000,000.00 1,978,400.00 1,977,813.33 5.120 AAA 5.258 78 03/20/2007 313312DA5 3463 Federal Farm Credit Bank 12/21/2006 2,000,000.00 1,980,000.00 1,979,600.00 5.125 AAA 5.258 72 03/14/2007 313588BV6 3422 Fed,Nat'l Mort.Assoc. 09/08/2006 2,000,000.00 1,988,400.00 1,987,768.89 5.120 AAA 5.310 43 02/13/2007 Subtotal and Average 3,386,700.37 6,000,000.00 5,946,800.00 5,945,082.22 5.276 64 Treasury Discounts-Amortizing 912795YQ8 3412 United States Treasury Bills 07/31/2006 2,000,000.00 1,994,320.00 1,993,400.00 4.950 AAA 5.145 24 01/25/2007 Subtotal and Average 2,376,240.33 2,000,000.00 1,994,320.00 1,993,400.00 5.145 24 Portfolio CITY Run Date:01/24/2007-17:44 AP PM(PRF_PM2)SymRept 6.41.202 City of 1-113 Portfolio Management Pages Portfolio Details - Investments December 31, 2006 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Total and Average 198,659,563.25 210,276,234.64 208,775,242,64 209,890,216.42 4.625 387 Portfolio CITY AP Run Date:01/24/2007-17:44 PM(PRF PM2)SymRept 6.41,202 City of HB Portfolio Management Page Portfolio Details -Cash December 31, 2006 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 34,208.60 34,208.60 0 Subtotal 34,208.60 34,208.60 Total Cash and Investmentss 198,659,563.25 210,276,234.64 208,809,451.24 209,924,425.02 4.625 387 Portfolio CITY Run Date:01/24/2007-17:44 AP PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Activity BY Type e Page 7 December 1, 2006 through December 31, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331XHPO 3452 Federal Farm Credit Bank 5.250 12/14/2006 2,000,000.00 0.00 3133X4RM5 3236 Federal Home Loan Bank 2.750 12/28/2006 0.00 1,500,000.00 3133X9TP5 3277 Federal Home Loan Bank 3,345 12/28/2006 0.00 2,000,000.00 3133XFWBB 3400 Federal Home Loan Bank 5.420 12/28/2006 0.00 2,000,000.00 3133XGZT4 3425 Federal Home Loan Bank 5.320 12121/2006 0.00 1,999,565.00 3128X1DE4 3216 Federal Home Loan Mort Corp 2.500 12/04/2006 0.00 2,000,000.00 3128X4DS7 3398 Federal Home Loan Mort Corp 3.800 12/27/2006 0.00 2,000,000.00 3128X4DS7 3403 Federal Home Loan Mort Corp 3.800 12/27/2006 0.00 2,000,000.00 3128X5TU2 3459 Federal Home Loan Mort Corp 5.050 12/18/2006 2,000,000.00 0.00 3128XSTDO 3460 Federal Home Loan Mort Corp 5,100 12/26/2006 2,000,000.00 0.00 3128X5UM8 3461 Federal Home Loan Mort Corp 5.250 12/29/2006 2,000,000.00 0.00 3136F4J64 3201 Fed.Nat'l Mort.Assoc. 3.000 12/2/2006 0,00 2,000,000.00 Subtotal 8,000,000.00 15,499,565.00 105,846,141.29 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 5.129 14,300,000.00 15,950,000.00 Subtotal 14,300,000.00 15,950,000.00 37,626,234.64 Treasury Securities-Coupon Subtotal 17,964,415,33 Medium Term Notes Subtotal 1,977,161.35 Commercial Paper Disc,-Amortizing 17307SMF6 3418 Citigroup Global 5,260 12/15/2006 0.00 2,000,000.00 17307SO62 3456 Citigroup Global 5.240 12/15/2006 1,976,420.00 0.00 17307SQU9 3457 Citigroup Global 5,230 12/18/2006 1,970,944.44 0.00 36959JM18 3379 General Electric Capital Corp 5.000 12/01/2006 0.00 2,000,000.00 36959JP98 3451 General Electric Capital Corp 5.240 12/11/2006 2,775,546.67 0.00 36959JO71 3464 General Electric Capital Corp 5.250 12/21/2006 1,384,483.33 0.00 42786UPD1 3466 Hershey Company 5.200 12/22/2006 1,984,688.89 0.00 45974NMl l 3434 Internation Lease Fin.Corp. 5.230 12/01/2006 0.00 2,000,000.00 45974NP91 3448 Internation Lease Fin.Corp. 5.210 12/06/2006 1,981,186,11 0,00 45974NO17 3449 Internation Lease Fin.Corp. 5.190 12/06/2006 1,975,491.67 0.00 45974NQ17 3465 Internation Lease Fin.Corp. 5.230 12/22/2006 1,979,951.67 0.00 Portfolio CITY AP Run Date:01/24/2007•17:44 PM(PRF PM3)SyntRept 6,41,202 Report Ver.5.00 City of HB Portfolio Management Page 8 Activity By Type December 1, 2006 through December 31, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Commercial Paper Disc.-Amortizing 47816GNJ4 3454 Johnson 8 Johnson 5.200 12/14/2006 1,989,888.89 0.00 61745BMN4 3439 Morgan Stanley Dean Witter 5.250 12/22/2006 0.00 2,000,000.00 61745BO91 3453 Morgan Stanley Dean Witter 5.240 12/14/2006 1,975,255.56 0.00 61745BR90 3455 Morgan Stanley Dean Witter 5.220 12/14/2006 1,966,360.00 0.00 61745BQL4 3458 Morgan Stanley Dean Witter 5.240 12/18/2006 1,973,217.78 0.00 81989DNK8 3450 Sharp Electronics Corp. 5.240 12/06/2006 1,987,191.11 0.00 80685UPN1 3467 Schlumberger Co. 5,230 12/22/2006 1,981,985.56 0.00 91411UNW 1 3447 University of California 5.240 12/06/2006 2,579,185.56 0.00 93114FM43 3431 Wal-Mart Stores 5.190 12/04/2006 0.00 2,000,000.00 Subtotal 30,481,797.24 10,000,000.00 38,537,781.69 Federal Agency Disc.-Amortizing 313312DG2 3462 Federal Farm Credit Bank 5.120 12/21/2006 1,974,684.44 0.00 313312DA5 3463 Federal Farm Credit Bank 5.125 12/21/2006 1,976,368.06 0.00 Subtotal 3,951,052.50 0.00 5,945,082.22 Treasury Discounts-Amortizing 912795YH8 3399 United States Treasury Bills 4.890 12/07/2006 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 1,993,400.00 Total 56,732,849.74 43,449,565.00 209,890,216.42 Portfolio CITY AP Run Dale:01/24/2007-17:44 PM(PRF PM3)SyrnRept 6.41.202 r City of HB Portfolio Management Page 9 Activity Summary December 2005 through December 2006 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity December 2005 80 182,125,168.68 3.559 3.608 3.808 12 6 685 361 January 2006 87 199,324,742.82 3.663 3.714 3.955 8 1 640 321 February 2006 84 202,298,159.37 3.699 3.750 4.043 6 9 658 315 March 2006 83 195,530,162.41 3.764 3.816 4.142 9 10 680 313 April 2006 88 200,664,711.64 3.888 3.942 4.305 9 4 651 290 May 2006 95 218,318,093.06 4.030 4.086 4.563 12 5 618 270 June 2006 96 222,970,372.22 4.139 4.196 4.700 12 11 607 259 July 2006 91 214,176,591.79 4.182 4.240 4.849 7 12 654 268 August 2006 85 201,303,682.89 4.270 4.330 4.946 7 13 667 276 September 2006 82 198,341,282.05 4.372 4.432 5.023 8 11 678 300 October 2006 82 195,812,113.15 4.372 4.433 5.098 9 9 758 360 November 2006 82 192,126,388.82 4.426 4.487 5.111 10 10 767 381 December 2006 89 198,659,563.25 4.561 4.625 5.129 21 14 727 387 Average 86 201,641,880.71 4.071% 4.128% 4.590 10 9 676 315 Portfolio CITY AP Run Date:01(24(2007-17:44 PM(PRF_PM4)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 10 Distribution of Investments By Type December 2005 through December 2006 December January February March April May June July August September October November December Average Security Type 2005 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 by Period Repurchase Agreements Certificates of Deposit ---- .......... . ..... ........................... Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 51.1 46.6 47.9 52.0 49.0 46.6 47.7 52.3 51.1 50.7 55.4 57.7 50.4 50.7% - _ _ ------------------------------------------------- --------------......... ....----............ .---------------------- -------...----.....------------............------------------- _ - -------..... --------- ------ - --------..... - ...------- - -------------------------------- - ----------------------------.....-----.......----------------------------- Local Agency Investment Funds 20.9 19.5 19.8 19.0 18.8 17.4 16.9 14.5 17.5 19.4 18.2 20.0 17.9 18.4% Treasury Securities-Coupon 7.3 7.8 8.0 8.2 11.5 10.8 10.8 10.8 10.1 10.2 11.3......_... 9..1 8.6 9.6%0 ..... ......-.. _ .......... ........ _......... .... -. . .......... ......... Medium Term Notes 0.5 0.5 0.5 0.5 0.5 1.0 0.9 0.3% -- -------------------------------------------------------------- ----------- ---- ------------------ ..... ........... ..................................... ............................. ...........I--------------.-------- ---------.......-------------------------------------....-..-----....------------------------------------ ---...... Negotiable CD's ..............__.....-_...................-..........-........,..................--................-.-,........ ........__......-_.........I........ -...... ...... .......-....._........._...........................-.....................-.............._.........._.....,....................-..................................-...... ... Certificates of Deposit-Bank ----------- -------I....... .... ..... ............. ................. ............ .....I---------------------------.._---------------_----------....------...-----------------------------....------------------ ---------------......------------------I....._......... .... ..... .............. .. ... ......... Mortgage Backed Securities _.... .........................................................................._..............-.-_..... ......-.-...................-..........__........._..._.................................. ...................-..................._....................._..................-.....................................-_.......-.............-........_........--........ Bankers Acceptances-Amortizing ..............................................................................._.. ...-........-.... .. ................... ..........-..........-..---------------------------------......---------------------------- ---------....------------------------------------------------------ ................... .... .............................. Commercial Paper Disc.-Amortizing 10.9 11.1 9.4 10.7 10.0 13.9 11.6 13.7 15.2 14.7 12.0 9.1 18.4 12.4% _........ ..... .. .... - ._._....... -.. ...._...........I .. - ._........_ ......_........_.......-- - ........._....-..-.... .-....._......---I......---..-......-_ ......,_.... ..........-.- ....._...-. .. ....... ..... ........- ........-. Federal Agency Disc.-Amortizing 3.9 5.5 2.5 3.4 4.9 6.7 2.9 1.0 2.0 1.0 1.0 2.8 2.9% _........... ... .......... ............. ................... ......... ........ ....- .. _.........-...._... ......-.. .._.-..........._..... .. ..................................... ......._................................._...... ...._...................................._.... ......... ........ Treasury Discounts-Amortizing 9.3 10.6 8.9 7.1 6.7 6.3 6.3 5.8 5.1 3.0 2.1 2.0 1.0 5.7% ... -.... .......... ....... ._ ....._..-.-_........ ...._............... _ .........._................._-_....._........ ......-._....-_.........------._.._...._..... ._.............. _....... ........-. .. ....... _... Miscellaneous Discounts-Amortizing ............I......... .............. ....... ........ - ..............-.... .......... ......_....I ..........-.......... ...... ........-...._..._..........-------- ----.....---........-................ ............................... ....... ......... . ...... ................................................... Rolling Repurchase Agreements _......._ _.. _ ......_.... .......... __... _......--........- .... -....._._..... ......-...-. - ...... .... ..... _....... ..-....... ...... .. ...... ......-........... ..... Portfolio CITY AP Run Date:01/24/2007-17:44 PM(PRF_PM5)SyrnRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 12/31/2006 s United States Treasury: Bills $ 3,634,185,180.58 $ 3,656,438,458.32 $ 3,658,110,000.00 NA Notes $ - $ - $ - $ - Federal Agency: SBA $ 650,757,167.99 $ 650,757,167.99 $ 645,212,889.66 $ 6,059,021.84 MBS $ 967,109,452.17 $ 967,109,452.17 $ 946,700,233.97 $ 4,460,596.52 Bonds $ 8,891,445,329.50 $ 8,877,628,539.37 $ 8,869,866,903.91 $ 179,269,886.26 Floaters $ - $ - $ - $ - Discount Notes $ 5,579,459,188.97 $ 5,628,814,916.76 $ 5,630,725,000.00 NA FHLMC PC $ 770,155.88 $ 770,155.88 $ 796,210.94 $ 12,466.59 GNMA $ 225,314.77 $ 225,314.77 $ 249,268.62 $ 2,241.04 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 1,065,000,000.00 $ 1,065,000,000.00 $ 1,064,961,507.25 $ 9,333,986.12 CDs $ 11,668,291,324.76 $ 11,664,922,963.64 $ 11,663,953,986.95 $ 116,420,719.46 Commercial Paper $ 7,738,589,189.53 $ 7,796,339,682.54 $ 7,797,232,811.39 NA Corporate: Floaters $ 200,064,842.53 $ 200,064,842.53 $ 200,114,150.00 $ 1,149,924.67 Bonds $ 404,111,295.57 $ 403,683,545.57 $ 402,035,254.50 $ 5,622,922.10 Repurchase A reemen $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 8,525,995,000.00 $ 8,525,995,000.00 $ 8,525,995,000.00 NA AB 55&GF Loans $ 7,794,731,622.70 $ 7,794,731,622.70 $ 7,794,731,622.70 NA TOTAL $ 57,120,735,064.95 $ 57,232,481,662.24 $ 67,200,684,839.89 $ 322,331,764.60 Fair Value Including Accrued Interest $ 57,523,016,604.49 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost(.999444427). As an example: if an agency has an account balance of$20,000,000.00, then the agency would report its participation in the LAIF valued at$19,988,888.54 or$20,000,000.00 x .999444427. ATTAC H M E N T #2------Al Schedule of Bond Investments Held by Fiscal Agent as of October 31,2006 Summary of investments by type Market Value Market Value Par Value Investment Type as of 9/30/06 as of 10/31/06 $7,580,136 Local Agency Investment Fund(LAIF) $7,488,582 $7,580,136 $0 Federal Agency Issues $0 $0 $8,237,711 Investment Agreements $8,237,524 $8,237,711 $2,287,268 Money Market Funds $2,368,607 $2,287,268 $330,488 US Treasury Securities $330,488 $330,488 $18,435,603 $18,425,202 $18,435,603 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 9/30/06 as of 10/31/06 $2,521,593 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,492,854 $2,521,593 $3,948,911 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $3,866,094 $3,948,911 $1,650,046 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,650,043 $1,650,046 $521,860 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $515,558 $521,860 $2,046,377 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,046,148 $2,046,377 $2,697,717 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,697,412 $2,697,717 $1,274,474 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,269,441 $1,274,474 $174,785 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $303,929 $174,785 $1,702,109 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,701,313 $1,702,109 $786,106 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $776,622 $786,106 $872,938 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $872,936 $872,938 $141,825 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $135,992 $141,825 $96,861 HB Public Finance Authority 1992 Revenue Bonds $96,861 $96,861 $18,435,603 $18,425,202 $18,435,603 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2006 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (9-30-06) (12-31-06) ICMA Retirement Corporation (457 Plan) $22,720,994 $684,906 ($207,442) $1,101,867 ($20) $24,300,305 ICMA Retirement Corporation (401 Plan) $689,112 $26,608 $0 $33,078 $0 $748,797 Nationwide Retirement Solutions (457 Plan) $52,094,979 $850,523 ($711,776) $2,128,276 ($150) $54,361,852 Total Deferred Compensation Plan Balances $75,505,085 $1,562,037 ($919,218) $3,263,221 ($170) $79,410,954 ATTAC H M E N T #4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA December Treasurer' s Report �I y{? I 1� ,v bi X ay Shari L . Freidenrich , CPA, CCMT , CPFA February. 5, 2007 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA CCMT, CPFA Investment Balance Trends Portfolio Balances by Type $104M $116M $159M $191 M $168M $209M 100% 80% ■ US Treas 60% ■ Med Notes ■ LAW 40% ■ Fed Ag. ■ CP 20% 0% Slide 2 Dec-02 Dec-03 Dec-04 Dec-05 Jun-06 Dec-06 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Percentages By Type of Investment Disc. Federal Treasury Agencies Securitie 50% 1°/ Corn merci Paper 18% Fed. Ag Discoun Slide 3 3% AI F Treasury Sec. 18% 9% 1% Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Liquidity Investment Maturities by Days, Ending December 2005/2006 1 Day 40% 35% ■ 2-180 Days 27% y 30% .5 - 1 Yr. ■ 1 - 1 .5Yr. 20% 9% 14% 13%9 /o o ■ 1 .5 - 2 Yr. 2 - 3Yr. 10% 4% 03 - 4Yr. 4 - 5Yr. OW 21% 17% 7% 1% 18% 6% 8% 7% Slide 4 2005 2006 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $259000,000 $7,292,771 $20,0001000 $15,0009000 $996239409 $1090009000 $5,322,143 $590009000 ($692617082) $0 ($590009000) 4 796 429 ($79262,542) ($10,000,000) Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Slide 5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Yields Trends 6.00% 4.73% 4.47% 5.16% 5.00% 3.78% 0 4.29/o 3.45% 3.94% 3.61% b„ 4.00% 3.00% 2.00% 1.00% 0.00% Dec-05 Mar-06 Jun-06 Dec-06 Slide 6 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Summary of Investment by City Fund $291595,474 $1 ,831 ,632 $32,340,592 $34,577,26 13 2593329757 Slide 7 $849793,709 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Summary • Recommendation to City Council Slide 8 CITY OF HUNTINGTON BEACH _ INTERDEPARTMENTAL COMMUNICATION CITY TREASURER'S DEPARTMENT TO: Joan Flynn, City Clerk FROM: Shari L. Freidenrich, City Treasgzo� DATE: February 5, 2007 SUBJECT: LATE COMMUNICATION —AGENDA ITEM C-3A.3 The Summary at C-3A.3 has been updated to reflect the December 2006 LAIF interest rate and LAIF interest earnings. This memorandum transmits the updated summary page. SLF/lne Attachment City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for December 2006 City Investment Portfolio: November December Inc./(/C.) End of month City Portfolio Balance $196,436,559 $209,890,216 $13, 3,657 End of month General Fund Balance $20,807,941 $29,595,474 $ 1787,533 Monthly Effective Rate of Return 4.49% 4.51% $0 Average Maturity ( in days) 381 387 6 End of Month Market Value $195,529,291 $208,775,243 $13,245,952 End of month bank cash balance $5,032,874 $4,018,7 ($1,014,095) Bond Proceeds Investments:* September Octob r Inc./(Dec.) End of Month Bond Reserve Par Value $18,425,202 /December 5,603 $10,401 End of Month Bond Reserve Market Value $18,425,202 5,603 $10,401 Deferred Compensation Investments:** September Inc./(Dec.) Participant Balances $75,505,085 $79,410,955 $3,905,870 Comparison to Budget/City Portfolio: Budge Actual Inc./(Dec.) Interest Earned for Month $ 0,000 $760,974 $310,974 Interest Earned Year to Date $ ,350,000 $2,202,176 $852,176 Earned Interest Yield Year to Date 4.25% 4.47% 0.22% *Bond Proceeds Statements are issued monthly and may lag by mor/thaone month. **Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Invest nit Portfolio: Days YTM Int. Dec tuber %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $ 05,846,141 50% None 683 4.20% Local Agency Inv. Fund (LAIF) $37,626,235 18% $40 million 1 5.13% Treasury Securities-Coupon $17,964,415 9% None 306 4.14% Medium Term Notes $1,977,161 1% 20% 639 5.09% Commercial Paper Disc. -Amortiog $38,537,782 18% 25% 46 5.36% Federal Agency Disc. -Amortizi/F(g $5,945,082 3% None 64 5.28% Treasury Discounts-Amortizi g $1,993,400 1% None 24 5.15% $209,890,216 100% 387 4.62% Council/Agency Meeting Held: Deferred/Continued to: KLAppr ved ❑ C nditionally Approved ❑ Denied C erk' Signat e Council Meeting Date: 1/16/2007 Departmen ID Number: CT07-04 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASURE PREPARED BY: SHARI L. FREIDENRICH, CITY TREASUR 4�e SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S NOVEMBER 2006 INVESTMENT SUMMARY REPORT E �E� Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for November 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for November 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's . . • NumberDescription 1. Monthly Investment Report and Summary of Investments for November 2006. 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information z 4. November 2006 PowerPoint Presentation NPIPI. , ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for November 2006 City Investment Portfolio: October November Inc./(Dec.) End of month City Portfolio Balance $193,874,295 $196,436,559 $2,562,264 End of month General Fund Balance $20,382,376 $20,807,941 $425,565 Monthly Effective Rate of Return 4.40% 4.49% 0.09% Average Maturity ( in days) 360 381 21 End of Month Market Value $192,722,720 $195,529,291 $2,806,571 End of month bank cash balance $4,053,463 $5,032,874 $979,411 Bond Proceeds Investments:* August September Inc./(Dec.) End of Month Bond Reserve Par Value $22,553,233 $18,425,202 ($4,128,031) End of Month Bond Reserve Market Value $22,553,233 $18,425,202 ($4,128,031) Deferred Compensation Investments:** June September Inc./(Dec.) Participant Balances $73,759,985 $75,505,085 $1,745,100 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $450,000 $709,007 $259,007 Interest Earned Year to Date $900,000 $1,441,506 $541,506 Earned Interest Yield Year to Date 4.25% 4.45% 0.20% *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. November %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $113,340,739 58% None 588 4.14% Local Agency Inv. Fund (LAIF) $39,276,234 20% $40 million 1 5.11% Treasury Securities-Coupon $17,953,224 9% None 337 4.14% Medium Term Notes $1,976,074 1% 20% 670 5.09% Commercial Paper Disc. -Amortizing $17,928,092 9% 25% 27 5.36% Federal Agency Disc. -Amortizing $1,978,951 1% None 74 5.31% Treasury Discounts-Amortizing $3,983,245 2% None 30 5.11% $196,436,559 100% 381 4.49% City of HB Portfolio Management Portfolio Summary November 30, 2006 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 113,350,000.00 112,514,251.50 113,340,738.91 57.70 1,168 588 4.083 4.140 Local Agency Investment Funds 39,276,234.64 39,276,234.64 39,276,234.64 19.99 1 1 5.041 5.111 Treasury Securities-Coupon 18,000,000.00 17,872,420.00 17,953,223.78 9.14 791 337 4.087 4.144 Medium Term Notes 2,000,000.00 1,975,940.00 1,976,073.79 1.01 693 670 5.021 5.090 Commercial Paper Disc.-Amortizing 18,000,000.00 17,928,125.00 17,928,092.23 9.13 92 27 5.288 5.362 Federal Agency Disc.-Amortizing 2,000,000.00 1,978,800.00 1,978,951.11 1.01 158 74 5.238 5.310 Treasury Discounts-Amortizing 4,000,000.00 3,983,520.00 3,983,245.03 2.03 177 30 5.042 5.112 196,626,234.64 195,529,291.14 196,436,559.49 100.00% 767 381 4.426 4.487 Investments Cash and Accrued Interest Accrued Interest at Purchase 34,208.60 34,208.60 Subtotal 34,208.60 34,208.60 Total Cash and Investments 196,626,234.64 195,563,499.74 196,470,768.09 767 381 4.426 4.487 Total Earnings November 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 709,006.85 1,441,506.40 Current Budget 450,000.00 900,000.00 5,400,000.00 Last Year Actual 485,836.00 979,439.00 7,728,428.00 Average Daily Balance 192,126,388.82 193,999,461.84 Effective Rate of Return 4.49% 4.45% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 19,2005. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and Interactive Data Corporation. l r"SY,QAA /Z- 2 7- 0 6 S I L. FREIDE RICH,CITY TREASURER Reporting period 11/01/2006-11/30/2006 Portfolio CITY AP Run Date:12/27/2006-17:19 PM(PRF_PM1)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments November 30, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 995,000.00 1,000,000.00 2.850 AAA 2.850 81 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 981,880.00 1,000,000.00 3.500 AAA 3.500 501 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,967,500.00 2,000,000.00 4.000 AAA 4.000 697 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,965,620.00 2,000,000.00 4.000 AAA 4.000 745 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,975,620.00 2,000,000.00 3.700 AAA 3.700 336 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,980,620.00 1,999,028.65 4.620 AAA 4.642 885 05/04/2009 31331SXV0 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,978,760.00 2,000,000.00 4.450 AAA 4.450 724 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,967,500.00 2,000,000.00 4.480 AAA 4.480 1,298 06/21/2010 31331 VR32 3408 Federal Farm Credit Bank 07/19/2006 2,000,000.00 2,003,760.00 2,000,000.00 5.500 AAA 5.500 230 07/19/2007 31331XAE2 3428 Federal Farm Credit Bank 10/13/2006 2,000,000.00 1,998,120.00 2,000,000.00 5.200 AAA 5.200 1,047 10/13/2009 31331XAK8 3430 Federal Farm Credit Bank 10/16/2006 2,000,000.00 1,996,260.00 2,000,000.00 5.250 AAA 5.250 1,232 04/16/2010 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,952,500.00 2,000,000.00 3.020 AAA 3.020 493 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,983,760.00 2,000,000.00 2.400 AAA 2.400 105 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,991,260.00 2,000,000.00 2.270 AAA 2.270 53 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,953,120.00 2,000,000.00 3.320 AAA 3.320 605 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,940,000.00 2,000,000.00 2.900 AAA 2.900 606 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,821,676.50 1,850,000.00 4.000 AAA 4.000 668 09/29/2008 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,990,620.00 2,000,000.00 3.000 AAA 3.000 81 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,971,260.00 2,000,000.00 2.800 AAA 2.801 227 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,983,120.00 2,000,000.00 3.070 AAA 3.070 147 04/27/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,497,195.00 1,499,315.64 2.750 AAA 3.390 27 12/28/2006 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,970,620.00 2,000,000.00 3.260 AAA 3.260 301 09/28/2007 3133X9TP5 3277 Federal Home Loan Bank 12/28/2004 2,000,000.00 1,996,880.00 2,000,000.00 3.345 AAA 3.345 27 12/28/2006 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,988,760.00 2,000,000.00 4.010 AAA 4.010 175 05/25/2007 3133XEXU8 3365 Federal Home Loan Bank 03/28/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.100 AAA 5.100 301 09/28/2007 3133XF4C7 3367 Federal Home Loan Bank 03/29/2006 2,000,000.00 1,998,760.00 2,000,000.00 5.000 AAA 5.000 59 01/29/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 2,007,500.00 2,000,000.00 5.500 AAA 5.500 1,435 11/05/2010 3133XFWB8 3400 Federal Home Loan Bank 06/28/2006 2,000,000.00 2,000,620.00 2,000,000.00 5.420 AAA 5.420 301 09/28/2007 3133XG7M0 3406 Federal Home Loan Bank 07/26/2006 2,000,000.00 2,001,260.00 2,000,000.00 5.600 AAA 5.600 237 07/26/2007 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,018,120.00 2,000,000.00 5.700 AAA 5.700 1,728 08/25/2011 3133XGMV3 3416 Federal Home Loan Bank 08/23/2006 2,000,000.00 2,000,620.00 2,000,000.00 5.375 AAA 5.375 84 02/23/2007 3133XGWR1 3420 Federal Home Loan Bank 09/20/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.300 AAA 5.300 293 09/20/2007 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 2,010,000.00 2.000.000.00 5.430 AAA 5.430 1,756 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,018,760.00 2,000,000.00 5.300 AAA 5.300 1,749 09/15/2011 3133XGZT4 3425 Federal Home Loan Bank 09/21/2006 2,000,000.00 2,000,620.00 1,999,532.78 5.320 AAA 5.350 294 09/21/2007 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,010,620.00 2,000,000.00 4.250 AAA 4.250 1,068 11/03/2009 Portfolio CITY AP Run Date:12/27/2006-17:19 PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments November 30, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3133XHV41 3442 Federal Home Loan Bank 11/21/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.200 AAA 5.200 355 11/21/2007 3133XHWH1 3443 Federal Home Loan Bank 11/24/2006 2,000,000.00 1,999,380.00 2,000,000.00 5.150 AAA 5.150 266 08/24/2007 3133XHXA5 3444 Federal Home Loan Bank 11/21/2006 2,000,000.00 2,000,620.00 2,000,000.00 5.350 AAA 5.350 355 11/21/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,943,980.00 2,000,000.00 3.000 AAA 3.000 599 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,956,820.00 2,000,000.00 3.000 AAA 3.000 418 01/23/2008 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,990,740.00 2,000,258.02 2.750 AAA 2.678 70 02/09/2007 3128X1 DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1,999,380.00 2,000,015.32 2.500 AAA 2.404 3 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,990,740.00 2,000,475.34 2.750 AAA 2.618 70 02/09/2007 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,965,700.00 2,000,000.00 3.560 AAA 3.560 511 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,967,920.00 2,000,000.00 4.125 AAA 4.125 1,083 11/18/2009 3128X31(93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,966,140.00 2,000,000.00 3.600 AAA 3.600 538 05/22/2008 3128X4DS7 3398 Federal Home Loan Mort Corp 06/08/2006 2,000,000.00 1,997,900.00 1,997,883.42 3.800 AAA 5.302 26 12/27/2006 3128X4DS7 3403 Federal Home Loan Mort Corp 06/23/2006 2,000,000.00 1,997,900.00 1,997,676.96 3.800 AAA 5.451 26 12/27/2006 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 2,002,520.00 1,998,061.11 5.250 AAA 5.273 1,770 10/06/2011 3128X5QK7 3446 Federal Home Loan Mort Corp 11/28/2006 2,000,000.00 1,998,720.00 2,000,000.00 5.500 AAA 5.500 1,823 11/28/2011 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 1,996,260.00 2,000,000.00 3.000 AAA 3.000 28 12/29/2006 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,947,500.00 2,000,000.00 3.610 AAA 3.610 850 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,955,000.00 1,998,491.67 3.250 AAA 2.052 551 06/04/2008 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 1,965,620.00 2,000,000.00 4.250 AAA 4.250 1,033 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,968,120.00 2,000,000.00 3.700 AAA 3.700 539 05/23/2008 3136F6PB9 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,975,000.00 2,000,000.00 3.700 AAA 3.080 353 11/19/2007 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 10/27/2006 2,000,000.00 2,010,000.00 2,000,000.00 5.375 AAA 5.375 1,791 10/27/2011 Subtotal and Average 108,993,753." 113,350,000.00 112,514,251.50 113,340,738.91 4.140 588 Local Agency Investment Funds SYS982 982 Laif City 19,300,439.73 19,300,439.73 19,300,439.73 5.125 NR 5.125 1 SYS2206 2206 LAIF-Redevelopment Agency 19,975,794.91 19,975,794.91 19,975,794.91 5.098 NR 5.098 1 Subtotal and Average 35,882,901.31 39,276,234.64 39,276,234.64 39,276,234.64 5.111 1 Treasury Securities-Coupon 912828CG3 3235 US Treasury Notes 05/17/2004 2,000,000.00 1,982,960.00 1,999,357.45 3.125 AAA 3.195 165 05/15/2007 912828ANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,965,080.00 1,991,469.97 3.000 AAA 3.473 349 11/15/2007 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,965,080.00 1,998,911.25 3.000 AAA 3.060 349 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,969,460.00 1,996,095.92 2.750 AAA 3.034 257 08/15/2007 912828BY5 3375 US Treasury Notes 04/20/2006 2,000,000.00 1,988,200.00 1,989,190.20 2.250 AAA 4.931 76 02/15/2007 912828DJ6 3377 US Treasury Notes 04/20/2006 2,000,000.00 1,993,680.00 1,994,134.62 3.125 AAA 4.933 61 01/31/2007 Portfolio CITY AP Run Date:12/27/2006-17:19 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 4 Portfolio Details - Investments November 30, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Treasury Securities-Coupon 912828DQO 3382 US Treasury Notes 04/21/2006 2,000,000.00 1,991,400.00 1,992,478.37 3.750 AAA 4.932 120 03/31/2007 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,017,340.00 2,001,506.10 4.875 AAA 4.834 988 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 1,999,220.00 1,990,079.90 4.625 AAA 4.909 669 09/30/2008 Subtotal and Average 19,814,351.81 18,000,000.00 17,872,420.00 17,953,223.78 4.144 337 Medium Term Notes 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 1,975,940.00 1,976,073.79 4.400 Aa1 5.090 670 10/01/2008 Subtotal and Average 1,514,684.18 2,000,000.00 1,975,940.00 1,976,073.79 5.090 670 Commercial Paper Disc.-Amortizing 17307SNC2 3414 Citigroup Global 08/15/2006 2,000,000.00 1,987,760.00 1,987,726.67 5.260 P-1 5.453 42 01/12/2007 17307SMF6 3418 Citigroup Global 08/29/2006 2,000,000.00 1,995,920.00 1,995,908.89 5.260 P-1 5.419 14 12/15/2006 36959JM18 3379 General Electric Capital Corp 04/21/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.000 P-1 5.299 0 12/01/2006 45974NM11 3434 Intemation Lease Fin.Corp. 10/17/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.230 A1131 5.338 0 12/01/2006 45974NNQ5 3441 Intemation Lease Fin.Corp. 11/17/2006 2,000,000.00 1,984,325.OD- 1,984,325.00 5.225 A1131 5.350 54 01/24/2007 6068OBN93 3440 MITSUBISHI CREDIT AMER 11/17/2006 2,000,000.00 1,988,620.00 1,988,581.67 5.270 5.385 39 01/09/2007 61745BMN4 3439 Morgan Stanley Dean Witter 11/17/2006 2,000,000.00 1,993,880.00 1,993,875.00 5.250 A1P1 5.350 21 12/22/2006 80685UPD3 3445 Schlumberger Co. 11/17/2006 2,000,000.00 1,978,500.00 1,978,540.00 5.220 P-1 5.361 74 02/13/2007 93114FM43 3431 Wal-Mart Stores 10/10/2006 2,000,000.00 1,999,120.00 1,999,135.00 5.190 P-1 5.304 3 12/04/2006 Subtotal and Average 19,970,552.96 18,000,000.00 17,928,125.00 17,928,092.23 5.362 27 Federal Agency Disc.-Amortizing 313588BV6 3422 Fed.Nat'l Mort.Assoc. 09/08/2006 2,000,000.00 1,978,800.00 1,978,951.11 5.120 AAA 5.310 74 02/13/2007 Subtotal and Average 1,974,826.67 2,000,000.00 1,978,800.00 1,978,951.11 5.310 74 Treasury Discounts-Amortizing 912795YH8 3399 United States Treasury Bills 06/13/2006 2,000,000.00 1,998,300.00 1,998,370.03 4.890 AAA 5.080 6 12/07/2006 912795YQ8 3412 United States Treasury Bills 07/31/2006 2,000,000.00 1,985,220.00 1,984,875.00 4.950 AAA 5.145 55 01/25/2007 Subtotal and Average 3,976,318.45 4,000,000.00 3,983,520.00 3,983,245.03 5.112 30 Total and Average 192,126,388.82 196,626,234.64 195,529,291.14 196,436,559.49 4.487 381 Portfolio CITY AP Run Date:12/27/2006-17:19 PM(PRF PM2)SymRept 6.41.202 City of HB Portfolio Management Page 5 Portfolio Details - Cash November 30, 2006 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 366 Maturity Average Balance 0.00 Accrued Interest at Purchase 34,208.60 34,208.60 0 Subtotal 34,208.60 34,208.60 Total Cash and Investmentss 192,126,388.82 196,626,234.64 195,563,499.74 196,470,768.09 4.487 381 Portfolio CITY AP Run Date:12/27/2006-17:19 PM(PRF PM2)SymRept 6.41.202 City of HB Portfolio Management Page 6 Y Type ActivityB T e g November 1, 2006 through November 30, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31339YUQ3 3195 Federal Home Loan Bank 2.375 11/13/2006 0.00 2,140,000.00 3133XHNL2 3437 Federal Home Loan Bank 4.250 11/03/2006 2,000,000.00 0.00 3133XHV41 3442 Federal Home Loan Bank 5.200 11/21/2006 2,000,000.00 0.00 3133XHWH1 3443 Federal Home Loan Bank 5.150 11/24/2006 2,000,000.00 0.00 3133XHXA5 3444 Federal Home Loan Bank 5.350 11/21/2006 2,000,000.00 0.00 3128X4AK7 3374 Federal Home Loan Mort Corp 3.750 11/15/2006 0.00 2,000,000.00 3128X5QK7 3446 Federal Home Loan Mort Corp 5.500 11/28/2006 2,000,000.00 0.00 Subtotal 10,000,000.00 4,140,000.00 113,340,738.91 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 5.125 15,500,000.00 11,500,000.00 Subtotal 15,500,000.00 11,500,000.00 39,276,234.64 Treasury Securities-Coupon 9128277F3 3246 US Treasury Notes 3.500 11/15/2006 0.00 2,000,000.00 912828BP4 3381 US Treasury Notes 2.625 11/15/2006 0.00 2,000,000.00 Subtotal 0.00 4,000,000.00 17,953,223.78 Medium Term Notes 89233PUV6 3438 Toyota Motor Credit 4.400 11/08/2006 1,975,240.00 0.00 Subtotal 1,976,240.00 0.00 1,976,073.79 Commercial Paper Disc.-Amortizing 60406BLN7 3427 Minn.Mng&Mfg(3M) 5.190 11/22/2006 0.00 2,000,000.00 2470C3LE1 3419 Dell Inc. 5.230 11/14/2006 0.00 2,000,000.00 36959JL35 3380 General Electric Capital Corp 5.000 11/03/2006 0.00 2,000,000.00 36959JLH4 3411 General Electric Capital Corp 5.300 11/17/2006 0.00 2,500,000.00 45974NNQ5 3441 Intemation Lease Fin.Corp. 5.225 11/17/2006 1,980,261.11 0.00 6068OBN93 3440 MITSUBISHI CREDIT AMER 5.270 11/17/2006 1,984,482.78 0.00 61745BLH8 3432 Morgan Stanley Dean Witter 5.250 11/17/2006 0.00 2,000,000.00 617456MN4 3439 Morgan Stanley Dean Witter 5.250 11/17/2006 1,989,791.67 0.00 80685ULH8 3426 Schlumberger Co. 5.240 11/17/2006 0.00 2,834,000.00 80685UPD3 3445 Schlumberger Co. 5.220 11/17/2006 1,974,480.00 0.00 Subtotal 7,929,015.66 13,334,000.00 17,928,092.23 Portfolio CITY AP Run Date:12/27/2006-17:19 PM(PRF_PM3)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 7 Y Type ActivityB T e g November 1, 2006 through November 30, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Disc.-Amortizing Subtotal 1,978,951.11 Treasury Discounts-Amortizing Subtotal 3,983,245.03 Total 35,404,255.56 32,974,000.00 196,4369559.49 Portfolio CITY AP Run Date:12/27/2006-17:19 PM(PRF_PM3)SymRept 6.41.202 City of HB Portfolio Management Page 8 Activity Summary November 2005 through November 2006 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity November 2006 74 170,429,038.72 3.415 3.462 3.636 7 5 740 398 December 2005 80 182,125,168.68 3.559 3.608 3.808 12 6 685 361 January 2006 87 199,324,742.82 3.663 3.714 3.955 8 1 640 321 February 2006 84 202,298,159.37 3.699 3.750 4.043 6 9 658 315 March 2006 83 195,530,162.41 3.764 3.816 4.142 9 10 680 313 April 2006 88 200,664,711.64 3.888 3.942 4.305 9 4 651 290 May 2006 95 218,318,093.06 4.030 4.086 4.563 12 5 618 270 June 2006 96 222,970,372.22 4.139 4.196 4.700 12 11 607 259 July 2006 91 214,176,591.79 4.182 4.240 4.849 7 12 654 268 August 2006 85 201,303,682.89 4.270 4.330 4.946 7 13 667 276 September 2006 82 198,341,282.05 4.372 4.432 5.023 8 11 678 300 October 2006 82 195,812,113.15 4.372 4.433 5.098 9 9 758 360 November 2006 82 192,126,388.82 4.426 4.487 5.111 10 10 767 381 Average 85 199,505,340.41 3.983% 4.038% 4.475 9 8 677 316 Portfolio CITY AP Run Date:1 2/27/2006-1 7:19 PM(PRF_PM4)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type November 2005 through November 2006 November December January February March April May June July August September October November Average Security Type 2005 2005 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 54.4 51.1 46.6 47.9 52.0 49.0 46.6 47.7 52.3 51.1 50.7 55.4 57.7 51.0% Local Agency Investment Funds 22.7 20.9 19.5 19.8 19.0 18.8 17.4 16.9 14.5 17.5 19.4 18.2 20.0 18.8% Treasury Securities-Coupon 8.0 7.3 7.8 8.0 8.2 11.5 10.8 10.8 10.8 10.1 10.2 11.3 9.1 9.5% Medium Term Notes 1.4 0.5 0.5 0.5 0.5 0.5 1.0 0.4% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 5.7 10.9 11.1 9.4 10.7 10.0 13.9 11.6 13.7 15.2 14.7 12.0 9.1 11.4% Federal Agency Disc.-Amortizing 3.9 5.5 2.5 3.4 4.9 6.7 2.9 1.0 2.0 1.0 1.0 2.7% Treasury Discounts-Amortizing 7.9 9.3 10.6 8.9 7.1 6.7 6.3 6.3 5.8 5.1 3.0 2.1 2.0 6.3% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:12/27/2006-17:19 PM(PRF_PM5)SyrnRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 11/30/2006 United States Treasury: Bills $ 2,651,477,641.74 $ 2,670,733,000.00 NA Notes $ - $ - $ Federal Agency: SBA $ 673,507,098.62 $ 667,765,145.56 $ 6,270,769.64 MBS $ 983,842,372.77 $ 969,692,310.50 $ 4,537,568.88 Bonds $ 9,010,397,244.08 $ 8,995,599,725.39 $ 157,026,123.77 Floaters $ - $ - $ - Discount Notes $ 2,911,100,105.50 $ 2,941,950,000.00 NA FHLMC PC $ 833,537.36 $ 861,462.73 $ 13,485.53 GNMA $ 227,703.78 $ 252,888.86 $ 2,265.02 Bankers Acceptances $ - $ - NA Bank Notes $ 700,000,000.00 $ 700,006,549.00 $ 12,134,972.21 CDs $ 10,688,274,879.18 $ 10,684,285,622.10 $ 132,532,336.86 Commercial Paper $ 8,920,455,607.85 $ 8,979,550,526.39 NA Corporate: Floaters $ 200,064,842.53 $ 200,121,900.00 $ 2,275,988.86 Bonds $ 427,761,751.65 $ 425,603,486.67 $ 5,257,221.80 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 8,393,495,000.00 $ 8,393,495,000.00 NA AB 55&GF Loans $ 9,941,205,906.70 $ 9,941,205,906.70 NA TOTAL $ 55,502,643,691.76 1 $ 55,571,123,523.90 $ 320,050,732.57 Fair Value Including Accrued Interest $ 55,891,174,256.47 Repurchase Agreements, Time Deposits, AB 55 &General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of September 30,2006 Summary of investments by type Market Value Market Value Par Value Investment Type as of 8/31/06 as of 9/30/06 $7,488,582 Local Agency Investment Fund(LAIF) $7,488,580 $7,488,582 $0 Federal Agency Issues $0 $0 $8,237,524 Investment Agreements $8,190,455 $8,237,524 $2,368,607 Money Market Funds $6,543,709 $2,368,607 $330,488 US Treasury Securities $330,488 $330,488 $18,425,202 $22,553,232 $18,425,202 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 8/31/06 as of 9/30/06 $2,492,854 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,491,854 $2,492,854 $3,866,094 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $5,021,012 $3,866,094 $1,650,043 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,650,344 $1,650,043 $515,558 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $674,724 $515,558 $2,046,148 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $3,351,547 $2,046,148 $2,697,412 Huntington Beach PFA- 2001 Series B(1993 Civic Center& Police Administration Bldg. Refinance) $2,697,101 $2,697,412 $1,269,441 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $2,013,145 $1,269,441 $303,929 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $176,161 $303,929 $1,701,313 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $2,646,637 $1,701,313 $776,622 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $776,618 $776,622 $872,936 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $872,933 $872,936 $135,992 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $132,465 $135,992 $96,861 HB Public Finance Authority 1992 Revenue Bonds $48,691 $96,861 $18,425,202 $22,553,232 $18,425,202 Note: The bond investment amount of$674,724 as of 8-31-06 for the CFD 2002-1 bond issue was incorrectly reported in the October Investment report as$1,179,781. ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2006 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (6-30-06) (9-30-06) ICMA Retirement Corporation (457 Plan) $22,152,351 $432,933 ($392,490) $528,300 ($100) $22,720,994 ICMA Retirement Corporation (401 Plan) $648,287 $24,698 $0 $16,127 $0 $689,112 Nationwide Retirement Solutions (457 Plan) $50,959,347 $943,020 ($786,193) $978,906 ($100) $52,094,979 Total Deferred Compensation Plan Balances $73,759,985 $1,400,651 ($1,178,683) $1,523,332 ($200) $75,505,085 ATTACHMENT #4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA November Treasurer' s Report Shari L . Freidenrich , CPA, CCMT , CPFA January 16, 2007 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA November 2006 Investment Summary ( in millions) Financial Information: October November Inc./(Dec.) End of Month City Portfolio $193.874 $196.437 $2.563 End of Month Market Value $192.723 $195.529 $2.806 Interest Earned for Month $0.733 $0.709 ($0.024) Earned Interest Yield Year to Date 4.40% 4.45% 0.05% Average Maturity ( in days) 360 381 21 YTD Average Daily Balance $195.812 $193.999 ($1 .813) Summary by Type: November % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $113.341 58% None 588 4. 14% LAIF (State Pool) $39.276 20% $40 million 1 5. 11 % U.S.Treasury Notes $17.953 9% None 337 4. 14% Medium Term Notes $1 .976 1 % 20% 670 5.09% Discount Comm. Paper $17.928 9% 25% 27 5.36% Discount Federal Agy $1 .979 1 % None 74 5.31 % Discount Treasury Note $3.984 2% None 30 5. 11 % Total $196.437 100% 360 4.49% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: November 2006 Investment Summary Report COUNCIL MEETING DATE: January 16, 2007 N S ��y� a-ui✓ . CAS C' T� L7 f2 ' '2 Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached El Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not A plicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached El Not Applicable Bonds (If applicable) Attached ❑ Not Ap licable Staff Report (If applicable) Attached ❑ Not Applicable Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable Administrative Staff Deputy City Administrator Initial ) City Administrator Initial r City Clerk u (Below • . For Only) RCA Author: SLF C111 :' Council/Agency Meeting Held` c�ZDU6 Deferred/Continued to: )AAppr ved ❑ Conditionally Approved ❑ Denied =-?City erk's ignat r Council_Meeting Date 12/18/2006 Departmen Number: CT07-03 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASUF�E 7 PREPARED BY: SHARI L. FREIDENRICH, CITY TREASUR SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S'OCTOBER 2006 INVESTMENT SUMMARY REPORT Statement of issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue Review and accept the Monthly Investment Report for October 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly'Investment Report for October 2006, pursuant to Section 17.0 of the investment Policy of the City of Huntington'Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Environmental Status: Not Applicable: Attachment(s): City Clerk's . . - Number No. Description 1. Monthly 'Investment Report and Summary of investments for October 2006. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. October 2006'PowerPoint Presentation ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for October2006 City Investment Portfolio: September October Inc./(Dec.) End of month City Portfolio Balance $196,067,763 $193,874,295 ($2,193,468) End of month General Fund Balance $23,586,238 $20,382,376 ($3,203,862) Monthly Effective Rate of Return 4.37% 4.40% 0.03% Average Maturity( in days) 300 360 60 End of Month Market Value $194,778,837 $192,722,720 ($2,056,117) End of month bank cash balance $3,859,875 $4,053,463 $193,588 Bond Proceeds Investments:* July August Inc./(Dec.) End of Month Bond Reserve Par Value $20,364,077 $23,058,289 $2,694,212 End of Month Bond Reserve Market Value $20,364,077 $23,058,289 $2,694,212 Deferred Compensation Investments:** June September Inc./(Dec.) Participant Balances $73,759,985 $75,505,085 $1,745,100 Comparison to Budget/City Portfolio: Actual Actual Inc./(Dec.) Interest Earned for Month $450,000 $732,500 $282,500 Interest Earned Year to Date $450,000 $732,500 $282,500 Earned Interest Yield Year to Date 4.25% 4.40% 0.15% "Bond Proceeds Statements are issued monthly and may lag by more than one month. "`Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. October %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $107,473,813 56% None 577 4.04% Local Agency Inv. Fund (LAIF) $35,276,234 18% $40 million 1 5.10% Treasury Securities-Coupon $21,940,991 11% None 303 4.12% Commercial Paper Disc. -Amortizing $23,245,994 12% 25% 26 5.36% Federal Agency Disc. -Amortizing $1,970,418 1% None 104 5.31% Treasury,Discounts-Amortizing $3,966,845 2% None 60 5.11% $193,874,295 100% 360 4.43% City of HB Portfolio Management Portfolio Summary October-31, 2006 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 107,490,000.00 106,425,253.40 107,473,812.82 55.43 1,184 577 3.982 4.037 Local Agency Investment Funds 35,276,234.64 35,276,234.64 35,276,234.64 18.20 1 1 5.028 5.098 Treasury Securities-Coupon 22,000,000.00 21,838,300.00 21,940,990.78 11.32 746 303 4.061 4.117 Commercial Paper Disc.-Amortizing 23,334,000.00 23,245,571.78 23,245,993.81 11.99 99 26 5.286 5.360 Federal Agency Disc.-Amortizing 2,000,000.00 1,970,600.00 1,970,417.78 1.02 158 104 5.238 5.310 Treasury Discounts-Amortizing 4,000,000.00 3,966,760.00 3,966,845.20 2.05 177 60 5.042 5.112 194,100,234.64 192,722,719.82 193,874,295.03 100.00%° 758- 360 ' 4.372 4.433 Investments Cash and Accrued Interest Accrued Interest at Purchase 25,164.16 25,164.16 Subtotal 25,164.16 25,164.16 Total Cash and Investments 194,100,234.64 192,747,883.98 193,899,459.19' 758 360 4.372 4.433 Total Earnings October 31_Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 732,499.55 732,499.55 Current Budget 450,000.00 450,000.00 5,400,000.00 Last Year Actual 493,603.00 493,603.00 7,728,428.00 Average Daily Balance 195,812,113.15 - 195,812,113.15 Effective Rate of Return 4.40% 4.40% I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 19,2005. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and Interactive Data Corporation. I L. FREID NRICH,CITY TREASURER Reporting period 10/01/2006-10/31/2006 Portfolio CITY AP Run Date:11/22/2006-11:35 PM(PRF PM1)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details -:Investments October 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues Coupon 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 992,500.00 1,000,000.00 2.850 AAA 2.850 111 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 979,690.00 1,000,000.00 3.500 AAA 3.500 531 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004- 2,000,000.00 1,963,120.00 2,000,000.00 4.000 AAA 4.000 727 10/28/2008 31331SGH0 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,961,260.00 2,000,000.00 4.000 AAA 4.000 775 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,971,880.00 2,000,000.00 3.700 AAA 3.700 366 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,978,120.00 1,998,995.27 4.620 AAA 4.642 915 05/04/2009 31331SXVO 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,975,620.00 2,000,000.00 4.450 AAA 4.450 754 11/24/2008 3133ISD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,00U0 > 1,960,620.00 2,000,000.00 4.480 AAA 4.480 1,328 06/21/2010 31331VR32 3408 Federal Farm Credit Bank 07/19/2006 2,000,000.00 2,003,760.00 2,000,000.00 5.500 AAA 5.500 260 07/19/2007 31331XAE2 3428 Federal Farm Credit Bank 10/13/2006 2,000,000.00 1,996,260.00 2,000,000.00 5.200 AAA 5.200 1,077 10/13/2009 31331XAK8 3430 Federal Farm Credit Bank 10116/2006 2,000,000.00 1,993,760.00 2,000,000.00 5.250 AAA 5.250 1,262 04/16/2010 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,946,880.00 2,000,000.00 3.020 AAA 3.020 523 04/07/2008 31339X7A6- 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,978,120.00 2,000,000.00 2.400 AAA 2.400 135 03/16/2007 31339YH54 3159' Federal Home Loan Bank 07/23/2003 2,000,000.00 1,986,260.00 2,000,000.00 2.270 AAA 2.270 83 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,946,880.00 2,000,000.00 3.320 AAA 3.320 635 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,933,760.00 2,000,000.00 2.900 AAA 2.900 636 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,817,625.00 1,850,000.00 4.000 AAA 4000 698 09/29/2008 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,137,988.40 2,139,707.07 2.375 AAA 2.805 12 11/13/2006 3133X42E0- 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,985,620.00 2,000,000.00 3.000 AAA 3.000 111 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,966,880.00 2,000,000.00 2.800 AAA 2.801 257 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,978,760.00 _ 2,000,000.00 3.070 AAA 3.070 177"04/27/2007 3133X4RM5 3236 federal Home Loan Bank 05/20/2004 1,500,000.00 1,493,910.00 1,498,555.25 2.750 AAA 3.390 57 12/28/2006 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,966,260.00 2,000,000.00 3.260 AAA 3.260 331 09/28/2007 3133X9TP5 3277 Federal Home Loan Bank 12/28/2004 2,000,000.00 1,993,760.00 2,000,000.00 3.345 AAA 3.345 57 12/28/2006 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,986,260.00 2,000,000.00 4.010 AAA 4.010 205 05/25/2007 3133XEXUB 3365 Federal Home Loan Bank 03/28/2006 2,000,000.00 1,998,760.00 2,000,000.00 5.100 AAA 5.100 331 09/28/2007 3133XF4C7 3367 Federal Home Loan Bank 03/29/2006 2,000,000.00 1,997,500.00 2,000,000.00 5.000 AAA 5.000 89 01/29/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 2,004,380.00 2,000,000.00 5.500 AAA 5.500 1,465 11/05/2010 3133XFWB8 3400 Federal Home Loan Bank 06/28/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.420 AAA 5.420 331 09/28/2007 3133XG7M0 3406 Federal Home Loan Bank 07/26/2006 2,000,000.00 2,001,260.00 2,000,000.00 5.600 AAA 5.600 267 07/26/2007 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,013,120.00 2,000,000.00 5.700 AAA 5.700 1,758 08/25/2011 3133XGMV3 3416 Federal Home Loan Bank 08/23/2006 2,000,000.00 2,000,000.00 2,000,000,00 5.375 AAA 5.375 114 02/23/2007 3133XGWRl 3420 Federal Home Loan Bank 09/20/2006 2,000,000.00 1,999,380.00 2,000,000.00 5.300 AAA 5.300 323 09/20/2007 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 2,004,380.00 2,000,000 00 5.430 AAA 5.430 1,786 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,008,760.00 2,000,000.00 5.300 AAA 5.300 1,779 09/15/2011 3133XGZT4 3425 Federal Home Loan Bank 09/21/2006 2,000,000.00 2,000,000.00 1,999,484.44 5.320 AAA 5.350 324 09/21/2007 Portfolio CITY AP Run Date:11122/2006 11:35 PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of hIB Portfolio Management Page 3 Portfolio Details Investments October 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value" Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3128X1 RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,937,040.00 2,000,000.00 3.000 AAA 3.000 629 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,951,540.00 2,000,000.00 3.000 AAA 3.000 448 01/23/2008 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,985,860.00 2,000,371.85 2.750 AAA 2.678 100 02/09/2007 3128X1DE4 3216 Federal Home Loan MortCorp 03/15/2004 2,000,000.00 1,994,380.00 2,000,168.54 2.500 AAA 2.404 33 12/04/2006 3128X2RP2 3225 "Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,985,860.00- 2,000,685.05 2.750 AAA - 2.618 100 02/09/2007 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,960,780.00 2,000,000.00 3.560 AAA 3.560 541 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,958,780.00 2,000,000.00 4.125 AAA 4.125 1,113 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,960,360.00 2,000,000.00 3.600 AAA 3.600 568 05/22/2008 3128X4AK7 3374 Federal Home loan Mort Corp 04/20/2006- 2,000,000.00 1,998,680.00 1,998,971.51 3.750 AAA ,4.794 14 11/15/2006 3128X4DS7 3398 Federal Home Loan Mort Corp 06/08/2006 2,000,000.00 1,995,000.00 1,995,441.21 3.800 AAA 5.302 56 12/27/2006 3128X4DS7 3403 Federal Home Loan Mort Corp 06/23/2006 2,000,000.00 1,995,000.00 1,994,996.52 3.800 AAA 5.451 56 12/27/2006, 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 - 1,998,860.00 1,998,027.78 5.250 AAA 5.273 1,800 10/06/2011 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 1,992,500.00 2,000,000.00 3.000 AAA 3.000 58- 12/29/2006 3136F5KW0 3223, Fed.Nat'l Mort.Assoc: 03/30/2004 2,000,000,00 1,941,880.00 - 2,000,000.00 3.610 AAA 3.610 880 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,948,760.00 1,998,408.33 3.250 AAA 2.052 581 06/04/2008 -3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 1,960,000.00 2,000,000.00 4.250 AAA 4.250 1,063 09/29/2009 3136F6MN6 3268 Fed;Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,963,120.00 2,000,000.00 3.700 AAA 3.700 569 05/23/2008 3136F6PB9 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,971,260.00 2,000,000.00 3.700 AAA 3.080 383 11/19/2007 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 10/27/2006 2,000,000.00 2,002,500.00 2,000,000.00 5.375 AAA 5.375 1,821 10/27/2011 Subtotal and Average 103,728,205.35 107,490,000.00 106,426,263.40 107,473,812.82 4.037 577 Local Agency Investment Funds SYS982 982 Laif City 15,300,439.73 15,300,439.73 15,300,439.73 5.098 NR 5.098 1 SYS2206 2206 LAIF-Redevelopment Agency 19,975,794.91 19,975,794.91 19,975,794.91 5.098 NR 5.098 1 Subtotal and Average 37,904,987.08 35,276,234.64 35,276,234.64 35,276,234.64 5.098 1 Treasury Securities-Coupon 912828CG3 3235 US Treasury Notes 05/17/2004 2,000,000.00 1,979,540.00 1,999,240.63 3.125 AAA 3.195 195 05/15/2007 912828ANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,961,880.00' 1,990,736.73 3.000 AAA 3.473 379 11/15/2007 9128277F3 3246 US Treasury Notes 06/14/2004 2,000,000.00 1,998,600.00 2,000,311.79 3.500 AAA 3.068 14 11/15/2006 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,961,880.00 1,998,817.66 - 3.000 AAA 3.060 379 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,965,780.00 1,995,640.19 2.750 AAA 3.034 287 08/15/2007 912828BY5 3375 US Treasury Notes 04/20/2006 2,000,000.00 1,983,440.00' 1,984,923.17 2.250 AAA 4.931 106 02/15/2007 912828DJ6 3377 US Treasury Notes 04/20/2006 2,000,000.00 1,990,400.00 1,991,250.00 3.125 AAA 4.933 91 01/31/2007 912828BP4 3381 US Treasury Notes 04/21/2006 2,000,000.00 1,997,960.00 1,998,285.76 2.625 AAA 4.929 14 11/15/2006 912828DQO 3382 US Treasury Notes 04/21/2006 2,000,000.00 1,989,060.00 1,990,597.97 3.750 AAA 4.932 150 03/31/2007 Portfolio CITY AP Run Date:11/22/2006-11:35 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 4 Portfolio Details - Investments October 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer_ Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,012,960.00 2,001,551.83 4.875 AAA _4.834 1,018 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 1,996,800.00 1,989,635.05 4.625 AAA 4.909 699 09/30/2008 Subtotal and Average 20,777,987.88 22,000,000.00 21,838,300.00 21,940,990.78 4.117 303 Commercial Paper Disc.-Amortizing 60406BLN7 3427 Minn.Mng&Mfg(3M) 09/27/2006 2,000,000.00 1,993,880.00 1,993,945.00 5.190 P-1 5.305 21 11/22/2006 17307SNC2 3414 Citigroup Global 08/15/2006 2,000,000.00 1,979,040.00" 1-,978,960.00 5.260 P-1 5.453 72 01/12/2007 17307SMF6 3418 Citigroup Global 08/29/2006 2,000,000.00 1,987,200.00 1,987,142.22 5.260 P-1 5.419 44 12/15/2006 2470C3LE1 3419 Dell Inc. 08/29/2006 2,000,000.00 1,996,200.00 1,996,222.78 5.230 P-1 5.363 13 11/14/2006 36959JM18 3379 General Electric Capital Corp 04/21/2006 2,000,000.00 1,991,260.00 1,991,666.67 5.000 P-1 5.299 30 12/01/2006 36959JL35 3380 General Electric Capital Corp 04/21/2006 2,000,000.00 1,999,420.00 1,999,444.44 5.000 P-1 5.291 2 11/03/2006 36959JLH4 3411 General Electric Capital Corp 07/31/2006 2,500,000.00 2,494,175.00 2,494,111.11 5.300 P-1 5.461 16 11/17/2006 45974NM11 3434 Internation Lease Fin.Corp. 10/17/2006 2,000,000.00 1,991,260.00 1,991,283.33 5.230 A1131 5.338 30 12/01/2006 61745BLH8 3432 Morgan Stanley Dean Witter 10/10/2006 2,000,000.00 1,995,340.00. 1,995,333.33 5.250 A1P1 5.353 16 11/17/2006 80685ULH8 3426 Schlumberger Co. 09/27/2006 2,834,000.00 2,827,396.78 2,827,399.93 '5.240 P-1 5.353 16 11/17/2006 93114FM43 3431 Wal-Mart Stores 10/10/2006 2,000,000.00 1,990,400.00 1,990,485.00 5.190 P-1 5.304 33 12/04/2006 Subtotal and Average 25,349,708.69 23,334,000.00 23,245,571.78 23,245,993.81 5.360 26 Federal Agency Disc.-Amortizing 313588BV6 3422 Fed.Nat'l Mort.Assoc. 09/08/2006` 2,000,000.00 1,970,600.00 1,970,417.78 5.120 AAA 5.310 104 02/13/2007 Subtotal and Average 3,383,386.38 2,000,000.00 1,970,600.00 1,970,417.78 5.310 104 Treasury Discounts-Amortizing 912795YH8 3399 United States Treasury Bills 06/13/2006 2,000,000.00 1,990,040.00 1,990,220.20 4.890 AAA 5.080 36 12/07/2006 912795YQ8 3412 United States Treasury Bills 07/31/2006 2,000,000.00 1,976,720.00- 1,976,625.00 4.950 AAA 5.145 85 01/25/2007 Subtotal and Average 4,667,837.76 4,000,000.00 3,966,760.00 3,966,845.20 6.112 60 Total and Average 195,812,113.15 194,100,234.64 192,722,719.82 1933874,295.03 4.433 360 Portfolio CITY AP Run Date:11/22/2006-11:35 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 5 Portfolio Details -Cash October 31, 2006 Average- Purchase Stated YTM Days to CUSIP investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued interest at Purchase 25,164.16 25,164.16 0 Subtotal 25,164.16 25,164.16 Total Cash and Investmentss 195,812,113.15 194,100,234.64 192,747,883.98 193,899,469.19 4.433 360 Portfolio CITY AP Run Date:11/22/2006-11:35 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 6 Activity By Type October 1, 2006 through October 31, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331 XAE2 3428 federal farm Credit Bank 5.200 10/13/2006 2,000,000.00 0.00 31331XAK8 3430 federal Farm Credit Bank 5.250 10/16/2006 2,000,000.00 0.00 3128X5LP1 3429 Federal Home Loan Mort Corp 5.250 10/06/2006 1,998,000.00 0.00 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 5.375 10/27/2006 2,000,000.00 0.00 Subtotal 7,998,000.00 0.00 107,473,812.82 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 5.098 8,785,199.57 11,500,000.00 SYS2206 2206 LAIF-Redevelopment Agency 5.098 246,773.29 250,000.00 Subtotal 9,031,972.86 11,750,000.00 35,276,234.64 Treasury Securities-Coupon 912828CY4 3376 US Treasury Notes 2.500 10/31/2006 0.00 2,000,000.00 912828FPO 3435 US Treasury,Notes 4.875 10/25/2006 2,001,562.50 0.00 912828FT2 3436 US Treasury Notes 4.625 10/25/2006 1,989,531.25 0.00 Subtotal 3,991,093.75 2,000,000.00 21,940,990.78 Commercial Paper Disc.-Amortizing 60406BKK4 3415 Minn.Mng&Mfg(3M) 5.190 10/19/2006 0.00 2,000,000.00 02581SKA8 3410 American Express 5.270 10/10/2006 0.00 2,000,000.00 17307SK68 3402 Citigroup Global 5.320 10/06/2006 0.00 2,000,000.00 36959JKAO 3409 General Electric Capital Corp 5.330 10/10/2006 0.00 1,600,000.00 43357MKA7 3417 Hitachi Capital Amer Corp 5.310 10/10/2006 0.00 2,000,000.00 45974NM11 3434 1nternation Lease Fin.Corp. 5.230 10/17/2006 1,986,925.00 0.00 61745BLH8 3432 Morgan Stanley Dean Witter 5.250 10/10/2006 1,988,916.67 0.00 74433HKL7 3397 PRUDENTIAL SECURITIES 5.100 10/20/2006 0.00 2,000,000.00 93114FM43 3431 Wal-Mart Stores 5.190 10/10/2006 1,984,141.67 0.00 Subtotal 5,959,983.34 11,600,000.00 23,245,993.81 Federal Agency Disc.-Amortizing 3135891-68 3423 Fed.Nat'l Mort.Assoc. 5.120 10/23/2006 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 1,970,417.78 Treasury Discounts-Amortizing 912795XZ9 3405 United States Treasury Bills 4.920 10/12/2006 0.00 2,000,000.00 Portfolio CITY AP Run Date:11/22/2006-'11:35 PM(PRF_PM3)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management' Page 7 Activity By Type October 1, 2006 through October 31,-2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Subtotal 0.00 2,000,000.00 3,966,846.20 Total 26,981,049.95 29,350,000.00 193,874,295.03 Portfolio CITY AP Run Date:11/22/2006-11:35 PM(PRF_PM3)SymRept 6.41.202 City of HB Portfolio Management Page s Activity Summary October 2005 through October 2006 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity October 2005 73 168,421,200.34 3.323 3.370 3.458 3 3 749 416 November 2005 74 170,429,038.72 3.415 3.462 3.636 7 5 740 398 December 2005 80 182,125,168.68 3.559 3.608 ' 3.808 12 6 685 -361 January 2006 87 199,324,742.82 3.663 3.714 _3.955 8- 1 640 321 February 2006 84 202,298,159.37 3.699 3.750 4.043 6 9 658 315 March 2006 83 195,530,162.41 3.764 3.816 4.142 9 10 680 313 April 2006 88 200,664,711.64 3.888 3.942 4.305 9 4 651 290 May 2006' 95 218,318,093.06 4.030 4.086 4.563 12 5 618 270 June 2006 96 222,970,372.22 4.139 4.196 4.700 12 11 607 259 July 2006 91 214,176,591.79 4.182 4.240 4.849 7 12 654 268 August- 2006 85 201,303,682.89 4.270 4.330 4.946 7 13 667 276 September 2006 82 198,341,282.05 4.372 4.432 5.023 8 11 678 300 October 2006 82 195,812,113.15 4.372 4.433 5.098 9 9 758 360 Average 85 197,630,997.50 3.898% 3.952% 4.348 8 8 676 319 Portfolio CITY AP Run Date:11/22/2006-.11:35 PM(PRF_PM4)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Pages Distribution of Investments By Type` October 2005 through October 2006 October November December January February March April May June July August September October Average Security Type 2005 2005 ' 2005 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 53.9 54.4 51.1' 46.6 47.9 52.0 49.0 46.6 47.7 52.3 51.1 50.7 55.4 50.7% Local Agency Investment Funds 21.2 22.7 20.9 19.5 19.8 19.0 18.8 17.4 16.9 14.5 17.5 19.4 18.2 18.9% Treasury Securities-Coupon 8.0 8.0 7.3 7.8 8.0 8.2 11.5 10.8 10.8 10.8 10.1 10.2 11.3 9.4% Medium Term Notes 1.4 1.4 0.5 0.5 0.5 0.5 0.5 0.4% Negotiable CD's - - Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing _4.6 5.7 10.9 11.1 9.4 10.7 10.0 13.9 11.6 13.7 15.2 14.7 12.0 11.0% Federal Agency Disc.-Amortizing 4.6 19 5.5 2.5 3.4 4.9 6.7 2.9 1.0 2.0 1.0 3.0% Treasury Discounts-Amortizing 6.3 7.9 9.3 10.6 8.9 7.1 6.7 6.3 6.3 5.8 5.1 3.0 2.1 6.6% -- Miscelianeous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY, AP Run Date'11/22/2006-11:35 PM(PRF PM5)SymRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 10/31/2006 United States Treasury: Bills $ 1,860,990,322.32 $ 1,879,612,000.00 NA Notes $ 199,955,437.32 $ 199,618,000.00 $ 2,419,398.00 Federal Agency: SBA $ 693,243,470.77 $ 687,224,313.84 $ 6,452,625.65 MBS $ 1,005,297,528.69 $ 981,017,643.46 $ 4,628,042.69 Bonds $ 8,953,533,182.76 $ 8,930,988,169.29 $ 132,820,505.29 Floaters $ - $ - $ - Discount Notes $ 4,307,369,765.25 $ 4,353,074,000.00 NA FHLMC PC $ 894,952.91 $ 924,804.54 $ 14,474.42 GNMA $ 229,984.96 $ 254,951.71 $ 2,287.87 Bankers Acceptances $ - $ - NA Bank Notes $ 1,200,000,000.00 $ 1,200,066,995.00 $ 16,669,472.22 CDs $ 11,903,275,952.97 $ 11,899,456,201.25 $ 124,746,274.37 Commercial Paper $ 8,508,929,971.75 $ 8,575,025,864.17 NA Corporate: Floaters $ 200,064,842.53 $ 200,131,250.00 '$ 1,367,599.49 Bonds $ 410,833,401.11 $ 408,508,387.74 $ 5,770,570.11 Repurchase Agreements $ - NA Reverse Repurchase $ (198,520,000.00) $ (198,520,000.00) $ (713,183.10) Time Deposits $ 8,303,495,000.00 $ 8,303,495,000.00 NA AB 55&GF Loans $ 9,517,492,074.70 $ 9,517,492,074.70 NA TOTAL $ 56,867,085,888.04 $ 56,938,369,655.70 $ 294,178,067.01 Fair Value Including Accrued Interest $ 57,232,547,722.71 Repurchase Agreements,Time Deposits, AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). ATTAC H M E N T #2 Schedule of Bond Investments Held by Fiscal Agent as of August 31,2006 Summary of investments by,type Market Value Market Value Par Value Investment Type as of 7/31/06 as of 8/31/06 $7,493,580 Local Agency Investment Fund(LAIF) $7,889,554 $7,493,580 $0 Federal Agency Issues $0 $0 $8,190,455 Investment Agreements $5,876,508 $8,190,455 $7,043,766 Money Market Funds $6,267527 $7,043,766 $330,488 US Treasury Securities $330,488 $330,488 $23,058,289 $20,364,077 $23,058,289 Summary of Investments by Bond Issue Market Value Market Value Par value - Bond Issue Description as of 7/31/06 as of 8/31/06 $2,491,854 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,743,156 $2,491,854 $5,021,012 City of Huntington Beach-2003-1`Community Facilities District(Huntington Center-Bella Terra)' $4,264,785 $5,021,012 $1,650,344 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $2,850,215 $1,650,344 $1,179,781 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $521,366 $1,179,781 $3,351,547 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,042,563 $3,351547 $2,697,101 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,462,762 $2,697,101 $2,013,145 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,303,598 $2,013,145 $176,161 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $176,159 $176,161 $2,646,637 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase l) $1634,610 $2,646,637 $776,618 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $1,308,846 $776,61-8 $872,933 Huntington Beach Public Finance Authority Lease Revenue Bonds, 1997 Public Facilities Project $872,930 $872,933 $132,465 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $134,396 $132,465 $48,691 HB Public Finance Authority 1992 Revenue Bonds $48,691 $48,691 $23,058,289 $20,364,077 $23,058,289 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2006 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (6-30-06) (9-30-06) ICMA Retirement Corporation (457 Plan) $22,152,351 $432,933 ($392490) $528,300 ($100) $22,720,994 ICMA Retirement Corporation (401 Plan) $648,287 $24,698 $0 $16,127 $0 $689,112 Nationwide Retirement Solutions(457 Plan) $50,959,347 $943,020 ($786,193) $978,906 ($100) $52,094,979 Total Deferred Compensation Plan Balances $73,759,985 $1,400,651 ($1,178,683) $1,523,332 ($200) $75,505,085 ATTAC H M E N T #4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA October Report a> Shari L . Freidenrich , CPA, CCMT , CPFA December 18, 2006 Treasurer's Report - Shari L. Freidenrch, CPA, CCMT, CPFA October 2006 Investment Summary ( in millions) Financial Information: September October Inc./(Dec.) End of Month City Portfolio $196.068 $193.874 ($2. 194) End of Month Market Value $194.779 $192.723 ($2.056) Interest Earned for Month $0.715 $0.733 $0.018 Earned Interest Yield Year to Date 3.91 % 4.40% 0.49% Average Maturity ( in days) 300 360 60 YTD Average Daily Balance $197.785 $195.812 ($1 .973) Summary by Type: October % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $107.474 56% None 577 4.04% LAIF (State Pool) $35.276 18% $40 million 1 5. 10% U.S.Treasury Notes $21 .941 11% None 303 4. 12% Discount Comm. Paper $23.246 12% 25% 26 5.36% Discount Federal Agy $1 .970 1 % None 104 5.31 % Discount Treasury Note $3.967 2% None 60 5. 11 % Total $193.'874 100% 360 4.43% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: October 2006 Investment Summary Report COUNCIL MEETING DATE: December 18, 2006 Ordinance (w/exhibits &,legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases,Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement'(Unbudgeted, over$5000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) Attached ❑ Not Applicable Commission, Board or Committee Report (If applicable) Attached - ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable ✓ 1"1 i I {/EQ / TURNED I / \ Administrative Staff ) Deputy City Administrator(Initial) City Administrator (Initial) City Clerk ( ) (Below Space For City Clerk's Use Only) RCA Author: - SLF �Il -1 r �',�' rs 1 {., u' D �1 4r m r-.H �,r II.,, 2006 OCT 25 AN 10: 04 Council/Agency Meeting Held: flho7oZ Deferred/Continued to: 1.1 U iN T I1 i G T 0 d 6 E k 011 1i Ap oved ❑ Conditionally Approved ❑ Denied C17&s Signature Council Meeting Dater 11/06/06 Department ID Number: CT07-01 CITY OF HUNTINGTON BEACH .REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASURA PREPARED BY: SHARI L. FREIDENRICH, CITY TREASU12� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S SEPTEMBER 2006 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for September 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for September 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: -Not Applicable Environmental Status: Not Applicable Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for ' September 2006 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. September 2006 PowerPoint Presentation Monthly Investment Report and Summary of Investments for September 2006 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for September 2006 City Investment Portfolio: August September Inc./(Dec.) End of month City Portfolio Balance $196,486,679 $196,067,763 ($418,916) End of month General Fund Balance $30,086,908 $23,586,238 ($6,500,670) Monthly Effective Rate of Return 4.24% 4.37% 0.13% Average Maturity ( in days) 276 300 24 End of Month Market Value $194,954,609 $194,778,837 ($175,772) .End of month bank cash balance $7,534,062 $3,859,875 ($3,674,187) Bond Proceeds Investments:* June July Inc./(Dec.) End of Month Bond Reserve Par Value $18,553,118 $20,364,077 $1,810,959 End of Month Bond Reserve Market Value $18,553,118 $20,364,077 $1,810,959 Deferred Compensation Investments:** June September Inc./(Dec.) Participant Balances $73,759,985 $75,505,085 $1,745,100 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $247,750 $713,587 $465,837 Interest Earned Year to Date $2,973,000 $7,731,898 $4,758,898 Earned Interest Yield Year to Date 3.25% 3.91% 0.66% *Bond Proceeds Statements are issued monthly and may lag by more than one month. "Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. September %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $99,467,278 51% None 535 3.94% Local Agency Inv. Fund (LAIF) $37,994,262 19% $40 million 1 5.02% Treasury Securities-Coupon $19,932,053 10% None 192 4.05% Commercial Paper Disc. -Amortizing $28,771,936 15% 25% 39 5.38% Federal Agency Disc. -Amortizing $3,955,342 2% None 78 5.27% Treasury Discounts -Amortizing $5,946,892 3% None 64 5.10% $196,067,763 100% 300 4.43% r;a City of HB Portfolio Management Portfolio Summary September 30, 2006 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 99,490,000.00 98,302,988.90 99,467,277.50 50.73 1,158 535 3.884 3.938 Local Agency Investment Funds 37,994,261.78 37,994,261.78 37,994,261.78 19.38 1 1 4.954 5.023 Treasury Securities-Coupon 20,000,000.00 19,800,180.00 19,932,053.34 10.17 667 192 3.991 4.047 Commercial Paper Disc.-Amortizing 28,934,000.00 28,775,266.20 28,771,936.11 14.67 104 39 5.304 5.378 Federal Agency Disc.-Amortizing 4,000,000.00 3,956,400.00 3,955,342.22 2.02 101 78 5.195 5.267 Treasury Discounts-Amortizing 6,000,000.00 5,949,740.00 5,946,892.04 3.03 153 64 5.025 5.095 196,418,261.78 194,778,836.88 196,067,762.99 100.00% 678 300 4.372 4.432 Investments Total Earnings September 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 713,586.92 7,731,897.71 7,731,897.71 Current Budget 247,750.00 2,973,000.00 2,973,000.00 Last Year Actual 471,987.38 4,935,645.34 4,935,645.34 Average Daily Balance 198,341,282.05 197,785,478.09 Effective Rate of Return 4.38% 3.91% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 19,2005. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and Interactive Data Corporation. n „`,�' o-Z3-DL RI L.FREID NRICH,CITY TREASURER Reporting period 09101/2006-09/30/2006 Portfolio CITY AP Run Date:10/16/2006-15:48 PM(PRF_PM1)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments September 30, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 990,630.00 1,000,000.00 2.850 AAA 2.850 142 02120/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 977,810.00 1,000,000.00 3.500 AAA 3.500 562 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2.000,000.00 1,960,000.00 2,000,000.00 4.000 AAA 4.000 758 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,957,500.00 2,000,000.00 4.000 AAA 4.000 806 12/1512008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,970,620.00 2,000,000.00 3.700 AAA 3.700 397 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,975,000.00 1,998,961.89 4.620 AAA 4.642 946 05/04/2009 31331SXVO 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,973,760.00 2,000,000.00 4.450 AAA 4.450 785 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,957,500.00 2,000,000.00 4.480 AAA 4.480 1,359 06/21/2010 31331VR32 3408 Federal Farm Credit Bank 07/19/2006 2,000,000.00 2,004,380.00 2,000,000.00 5.500 AAA 5.500 291 07/19/2007 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,942,500.00 2,000,000.00 3.020 AAA 3.020 554 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,974,380.00 2,000,000.00 2.400 AAA 2.400 166 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,981,260.00 2.000,000.00 2.270 AAA 2.270 114 0112312007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,941,880.00 2,000,000.00 3.320 AAA 3.320 666 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,927,500.00 2,000,000.00 2.900 AAA 2.900 667 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,814,165.50 1,850,000.00 4.000 AAA 4.000 729 09/29/2008 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,132,638.40 2,138,974.75 2.375 AAA 2.805 43 .11/1312006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,982,500.00 2,000,000.00 3.000 AAA 3.000 142 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,963,120.00 2,000,000.00 2.800 AAA 2.801 288 07/16/2007 3133X5ZU5- 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,975,620.00 2,000,000.00 3.070 AAA 3.070 208 04/27/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,490,625.00 1,497,794.86 2.750 AAA 3.390 88 12/28/2006 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,964,380.00 2,000,000.00 3.260 AAA 3.260 362 09/28/2007 3133X9TP5 3277 Federal Home Loan Bank 12/28/2004 2,000,000.00 1,990,620.00 2,000,000.00 3.345 AAA. 3.345 88 12/28/2006 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,984,380.00 2,000,000.00 4.010 AAA 4.010 236 05/25/2007 3133XEXU8 3365 Federal Home Loan Bank 03/28/2006 2.000,000.00 1,999,380.00 2,000.000.00 5.100 AAA 5.100 362 09/28/2007 3133XF4C7 3367 Federal Home Loan Bank 03/29/2006 2,000,000.00 1,997,500.00 2,000,000.00 5.000 AAA 5.000 120 01/29/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 2,004,380.00 2,000,000.00 5.500 AAA 5.500 1,496 11/05/2010 3133XFWB8 3400 Federal Home Loan Bank 06/28/2006 2,000,000.00 2,000,620.00 2,000,000.00 5.420 AAA 5.420 362 09/28/2007 3133XG7M0 3406 Federal Home Loan Bank 07/26/2006 2,000,000.00 2,001,880.00 2,000.000.00 5.600 AAA 5.600 298 07/26/2007 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,013,760.00 2,000,000.00 5.700 AAA 5.700 1,789 08/25/2011 3133XGMV3 3416 Federal Home Loan Bank 08/23/2006 2,000,000.00 2,000.620.00 2,000,000.00 5.375 AAA 5.375 145 02/23/2007 3133XGWRl 3420 Federal Home Loan Bank 09/20/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.300 AAA 5.300 354 09/20/2007 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 2,003,760.00 2,000,000.00 5.430 AAA 5.430 1,817 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,007,500.00 2,000,000.00 5.300 AAA 5.300 1,810 09/15/2011 3133XGZT4 3425 Federal Home Loan Bank 09/21/2006 2,000,000.00 2,000,000.00 1,999,436.11 5.320 AAA 5.350 355 09/21/2007 3128X1 RJ8 3158 Federal Home Loan Mort Corp 07122/2003 2,000,000.00 1.932,000.00 2,000,000.00 3.000 AAA 3.000 660 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,948,580.00 2,000,000.00 3.000 AAA 3.000 479 01/23/2008 Portfolio CITY AP Run Date:10/16/2006-15:48 PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details -Investments September 30, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,982,180.00 2,000,485.68 2.750 AAA 2.678 131 02109/2007 3128X1 DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1,990,000.00 2,000,321.76 2.500 AAA 2.404 64 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000.000.00 1,982,180.00 2,000,894.76 2.750 AAA 2.618 131 02/09/2007 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,957,220.00 2,000,000.00 3.560 AAA 3.560 572 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,952,940.00 2,000,000.00 4.125 AAA 4.125 1,144 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,956,540.00 2,000,000.00 3.600 AAA 3.600 599 05/22/2008 3128X4AK7 3374 Federal Home Loan Mort Corp 04/20/2006 2,000,000.00 1,996,140.00 1,996,767.61 3.750 AAA 4.794 45 11/15/2006 3128X4DS7 3398 Federal Home Loan Mort Corp 06/08/2006 2,000,000.00 1,992,760.00 1,992,998.99 3.800 AAA 5.302 87 12/27/2006 3128X4DS7 3403 Federal Home Loan Mort Corp 06/23/2006 2,000,000.00 1,992.760.00 1,992,316.09 3.800 AAA 5.451 87 12/27/2006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 1.988,760.00 2,000,000.00 3.000 AAA 3.000 89 12/29/2006 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,937,500.00 2,000,000.00 3.610 AAA 3.610 911 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,944,380.00 1,998,325.00 3.250 AAA 2.052 612 06/04/2008 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2.000,000.00 1,958,120.00 2,000,000.00 4.250 AAA 4.250 1,094 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,959,380.00 .2,000,000.00 3.700 AAA 3.700 600 05/23/2008 3136F6PB9 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,969,380.00 2,000,000.00 3.700 AAA 3.080 414 11/19/2007 Subtotal and Average 102,863,562.39 99,490,000.00 98,302,988.90 99,467,277.50 3.938 535 Local Agency Investment Funds SYS982 982 Leif City 18,015,240.16 18,015,240.16 18.015,240.16 5.023 NR 5.023 1 SYS2206 2206 LAIF-Redevelopment Agency 19,979,021.62 19,979,021.62 19,979,021.62 5.023 NR 5.023 1 Subtotal and Average 36,769,261.78 37,994,261.78 37,994,261.78 37,994,261.78 5.023 1 Treasury Securities-Coupon 912828CG3 3235 US Treasury Notes 05/17/2004 2,000,000.00 1,977,180.00 1,999,119.91 3.125 AAA 3.195 226 05/15/2007 912828ANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,959,380.00 1,989,979.05 3.000 AAA 3.473 410 11/15/2007 91282771`3 3246 US Treasury Notes 06/14/2004 2,000,000.00 1,996,560.00 2,001,002.19 3.500 AAA 3.068 45 11/15/2006 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,959,380.00 1,998,720.95 3.000 AAA 3.060 410 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,962,500.00 1,995,169.27 2.750 AAA 3.034 318 08/15/2007 912828BY5 3375 US Treasury Notes 04/20/2006 2,000,000.00 1,979,540.00 1,980,513.91 2.250 AAA 4.931 137 02/1512007 912828CY4 3376 US Treasury Notes 04120/2006 2,000,000.00 1,996,100.00 1,996,134.02 2.500 AAA 4.928 30 10/31/2006 912828DJ6 3377 US Treasury Notes 04/20/2006 2,000,000.00 1,987,660.00 1,988,269.23 3.125 AAA 4.933 122 01/31/2007 912828BP4 3381 US Treasury Notes 04/21/2006 2,000,000.00 1,994,460.00 1,994.489.93 2.625 AAA 4.929 45 11/15/2006 912828DQO 3382 US Treasury Notes 04/21/2006 2,000,000.00 1,987,420.00 1,988,654.88 3.750 AAA 4.932 181 '0313112007 Subtotal and Average 19,923,690.39 20,000,000.00 19,800,180.00 19,932,053.34 4.047 192 Portfolio CITY AP Run Date:10/16/2006-15:48 PM(PRF_PM2)SyrnRept 6.41.202 City of H13 Portfolio Management Page 4 Portfolio Details -Investments September 30, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Commercial Paper Disc.-Amortizing 60406BKK4 3415 Minn.Mng&Mfg(3M) 08/15/2006 2,000,000.00 1,995,060.00 1,994,810.00 5.190 A1+P1 5.312 18 10/19/2006 60406BLN7 3427 Minn.Mng&Mfg(3M) 09/27/2006 2,000,000.00 1,985,160.00 1,985,606.66 5.190 A1+P1 5.305 52 11/22/2006 02581SKA8 3410 American Express 07/31/2006 2,000,000.00 1,997,680.00 1,997,365.00 5.270 P-1 5.399 9 10/10/2006 17307SK68 3402 Citigroup Global 06/22/2006 2,000,000.00 1,998,840.00 1,998,522.22 5.320 P-1 5.480 5 10/06/2006 17307SNC2 3414 Citigroup Global 08/15/2006 2,000,000.00 1,970,480.00 1,969,901.11 5.260 P-1 5.453 103 01/12/2007 17307SMF6 3418 CdigroupGlobal 08/29/2006 2,000,000.00 1,978,500.00 1,978,083.33 5.260 P-1 5.419 75 12/15/2006 2470C3LE1 3419 Dell Inc. 08/29/2006 2,000,000.00 1,987A80.00 1,987,215.55 5.230 P-1 5.363 44 11/14/2006 36959JM18 3379 General Electric Capital Corp 04/21/2006 2,000,000.00 1,982,540.00 1,983,055.56 5.000 P-1 5.299 61 12/01/2006 36959JL35 3380 General Electric Capital Corp 04/21/2006 2,000,000.00 1,990,680.00 1,990,833.33 5.000 P-1 5.291 33 11/03/2006 36959JKAO 3409 General Electric Capital Corp 07/31/2006 1,600,000.00 1,598,144.00 1,597,868.00 5.330 P-1 5.461 9 10/10/2006 36959JLH4 3411 General Electric Capital Corp 07/31/2006 2,500,000.00 2,483,250.00 2,482,701.39 5.300 P-1 5.461 47 11/17/2006 43357MKA7 3417 Hitachi Capital Amer Corp 08/18/2006 2,000,000.00 1,997,680.00 1,997,345.00 5.310 P-1 5.426 9 10/10/2006 74433HKL7 3397 PRUDENTIAL SECURITIES 06/07/2006 2,000,000.00 1,994,760.00 1,994,616.67 5.100 P-1 5.272 19 10/20/2006 80685ULH8 3426 Schlumberger Co. 09/27/2006 2,834.000.00 2,815,012.20 2,814,612.29 5.240 P-1 5.353 47 11/17/2006 Subtotal and Average 27,158,793.11 28,934,000.00 28,775,266.20 28,771,936.11 5.378 39 Federal Agency Disc.-Amortizing 313588BV6 3422 Fed.Nat'l Mort.Assoc. 09/08/2006 2,000,000.00 1,962,400.00 1,961,600.00 5.120 AAA 5.310 135 02/13/2007 3135891-68 3423 Fed.Nat'l Mort.Assoc. 09/08/2006 2,000,000.00 1,994,000.00 1,993,742.22 5.120 AAA 5.225 22 10/23/2006 Subtotal and Average 3,494,105.58 4,000,000.00 3,956,400.00 3,955,342.22 5.267 78 Treasury Discounts-Amortizing 912795YH8 3399 United States Treasury Bills 06/13/2006 2,000,000.00 1,982,680.00 1,981,798.71 4.890 AAA 5.080 67 12/07/2006 912795XZ9 3405 United States Treasury Bills 06/29/2006 2,000,000.00 1,997,600.00 1,996,993.33 4.920 AAA 5.061 11 10/12/2006 912795YQ8 3412 United States Treasury Bills 07/31/2006 2,000,000.00 1,969,460.00 1,968,100.00 4.950 AAA 5.145 116 01/25/2007 Subtotal and Average 8,131,868.81 6,000,000.00 5,949,740.00 5,946,892.04 5.095 64 Total and Average 198,341,282.05 196,418,261.78 194,778,836.88 196,067,762.99 4.432 300 Portfolio CITY AP Run Date:10/16/2006=15:48 PM(PRF_PM2)SynnRept 6.41.202 City of HB Portfolio Management Page 5 Activity By Type September 1, 2006 through September 30, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 2.730 09/28/2006 0.00 2,000,000.00 3133X2ZN8 3197 Federal Home Loan Bank 2.640 09/29/2006 0.00 1,000,000.00 3133X9UT5 3278 Federal Home Loan Bank 3.280 09/29/2006 0.00 2,000,000.00 3133XC3S0 3315 Federal Home Loan Bank 3.760 09/29/2006 0.00 2,000,000.00 3133XEA82 3341 Federal Home Loan Bank 4.625 09/29/2006 0.00 2,000,000.00 3133XGWRl 3420 Federal Home Loan Bank 5.300 09/20/2006 2,000,000.00 0.00 3133XGWP5 3421 Federal Home Loan Bank 5.430 09/22/2006 2,000,000.00 0.00 3133XGYQ1 3424 Federal Home Loan Bank 5.300 09/15/2006 2,000,000.00 0.00 3133XGZT4 3425 Federal Home Loan Bank 5.320 09/21/2006 1,999,420.00 0.00 Subtotal 7,999,420.00 9,000,000.00 99,467,277.50 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 5.023 15,450,000.00 11,800,000.00 Subtotal 15,450,000.00 11,800,000.00 37,994,261.78 Treasury Securities-Coupon Subtotal 19,932,053.34 Commercial Paper Disc.-Amortizing 60406BLN7 3427 Minn.Mng 8 Mfg(3M) 5.190 09/27/2006 1,983,853.33 0.00 02581SJN2 3395 American Express 5.080 09/22/2006 0.00 2,000,000.00 17307SJ86 3394 Citigroup Global 5.100 09/08/2006 0.00 2,000,000.00 43357MJC5 3407 Hitachi Capital Amer Corp 5.370 09/12/2006 0.00 2,000,000.00 80685ULH8 3426 Schlumberger Co. 5.240 09/27/2006 2,812,962.27 0.00 Subtotal 4,796,815.60 6,000,000.00 28,771,936.11 Federal Agency Disc.-Amortizing 313397E98 3386 Federal Home Loan Mort Corp 4.950 09/08/2006 0.00 2,000,000.00 313588BV6 3422 Fed.Nat'l Mort.Assoc. 5.120 09/08/2006 1,955,057.78 0.00 3135891_68 3423 Fed.Nat'l Mort.Assoc. 5.120 09/08/2006 1,987,200.00 0.00 Subtotal 3,942,257.78 2,000,000.00 3,955,342.22 Treasury Discounts-Amortizing 912795XX4 3371 United States Treasury Bills 4.620 09/28/2006 _ 0.00 2,000,000.00 912795XUO 3396 United States Treasury Bills 4.690 09/07/2006 0.00 2,000,000.00 Portfolio CITY AP ..Run Date:10/16/2006-15:48 PM(PRF_PM3)SynnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management page s Activity By Type September 1, 2006 through September 30, 2006 Stated ..Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Subtotal 0.00 4,000,000.00 5,946,892.04 Total 32,188,493.38 32,800,000.00 196,067,762.99 Portfolio CITY AP Run Date:10/16/2006-15:48 PM(PRF_PM3)SymRept 6.41.202 City of HB - Portfolio Management Page 7 Activity Summary September 2005 through September 2006 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity September 2005 73 173,309,998.31 3.278 3.323 3.324 9 11 745 435 October 2005 73 168,421,200.34 3.323 3.370 3.458 3 3 749 416 November 2005 74 170,429,038.72 3.415 3.462 3.636 7 5 740 398 December 2005 80 182,125,168.68 3.559 3.608 3.808 12 6 685 361 January 2006 87 199,324,742.82 3.663 3.714 3.955 8 1 640 321 February 2006 84 202,298,159.37 3.699 3.750 4.043 6 9 658 315 March 2006 83 195,530,162.41 3.764 3.816 4.142 9 10 680 313 April 2006 88 200,664,711.64 3.888 3.942 4.305 9 4 651 290 May 2006 95 218,318,093.06 4.030 4.086 4.563 12 5 618 270 June 2006 96 222,970,372.22 4.139 4.196 4.700 12 11 607 259 July 2006 91 214,176,591.79 4.182 4.240 4.849 7 12 654 268 August 2006 85 201,303,682.89 4.270 4.330 4.946 7 13 667 276 September 2006 82 198,341,282.05 4,372 4.432 5.023 8 11 678 300 Average 84 195,926,580.89 3.814% 3.867% 4.212 8 8 675 325 Portfolio CITY AP Run Date:10/16/2006-15:48 PM(PRF_PM4)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type September 2005 through September 2006 September October November December January February March April May June July August September Average Security Type 2005 2005 2005 2005 2006 2006 2006 2006 2006 2006 2006 2006 2006 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 52.4 53.9 54.4 51.1 46.6 47.9 52.0 49.0 46.6 47.7 52.3 51.1 50.7 50.4% Local Agency Investment Funds 22.8 21.2- 22.7 20.9 19.5 19.8 19.0 18.8 17.4 16.9 14.5 17.5 19.4 19.3% Treasury Securities-Coupon 8.0 8.0 8.0 7.3 7.8 8.0 8.2 11.5 10.8 10.8 10.8 10.1 10.2 9.2% Medium Tenn Notes 1.4 1.4 1.4 0.5 0.5 0.5 0.5 0.5 0.5% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 6.8 4.6 5.7 10.9 11.1 9.4 10.7 10.0 13.9 11.6 13.7 15.2 14.7 10.6% Federal Agency Disc.-Amortizing 2.3 4.6 3.9 5.5 2.5 3.4 4.9 6.7 2.9 1.0 2.0 3.1% Treasury Discounts-Amortizing 6.3 6.3 7.9 9.3 10.6 8.9 7.1 6.7 6.3 6.3 5.8 5.1 3.0 6.9% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:10/16/2006-15:48 PM(PRF_PM5)SyrnRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 9/30/2006 •, : �� I yl lrr.a 9°: vaiurvd '.W":t. i i niiy: -'i ei.:.,.d a ;p,9' P yl u."I,i;°^I I tJ-�:� u, y i ! Oul! r ,,, � JG� � h�I �"�� � ���'Aeced 1ntere t1'IPurch. Amort¢ed."Cost`. Fa�r�UalueAccrued (rite°rest tnI,� „ �" :LL; ,IdC.. ,,,, .�, .,...am,mn." a.uW...��....,�,.,. i.Iu, ,..�..,:"�„�.�3..�....A. ,.,. ma:m�..u, ."e... 17l� ..i�ii United States Treasury: Bills $ 2,256,115,988.92 $ 2,276,370,106.99 $ 2,277,777,500.00 NA Notes $ 299,764,672.42 $ 299,764,672.42 $ 299,133,000.00 $ 2,978,574.00 Federal Agency: SBA $ 704,072,941.09 $ 703,957,353.93 $ 697,766,223.09 $ 6,553,298.95 MBS $ 632,864,506.18 $ 632,864,506.18 $ 613,550,700.73 $ 2,793,667.33 Bonds $ 8,638,310,579.17 $ 8,635,785,037.50 $ 8,619,319,001.76 $ 101,716,555.00 Floaters $ - $ - $ - $ - Discount Notes $ 7,553,499,970.86 $ 7,636,463,808.29 $ 7,639,849,000.00 NA FHLMC PC $ 953,671.43 $ 953,671.43 $ 985,907.41 $ 15,416.92 GNMA $ 232,359.04 $ 232,359.04 $ 257,600.26 $ 2,311.71 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 1,200,000,000.00 $ 1,200,000,000.00 $ 1,200,138,849.00 $ 13,322,027.78 CDs $ 11,835,064,808.05 $ 11,835,064,808.05 $ 11,835,250,859.45 $ 121,148,824.97 Commercial Paper $ 8,872,726,577.36 $ 8,923,219,440.78 $ 8,924,731,502.51 NA Corporate: Floaters $ 200,088,089.85 $ 200,088,089.85 $ 200,141,300.00 $ 1,147,353.48 Bonds $ 406,974,565.53 $ 406,868,315.53 $ 403,832,556.75 $ 4,399,772.59 Repurchase Agreements $ - $ - $ - NA Reverse Repurchase $ (395,600,000.00) $ (395,600,000.00) $ (395,600,000.00) $ (528,260.20) Time Deposits $ 8,063,495,000.00 $ 8,063,495,000.00 $ 8,063,495,000.00 NA AB 55&GF Loans $ 8,109,326,463.70 $ 8,109,326,463.70 $ 8,109,326,463.70 NA TOTAL $ 58,377,890,193.60 $ 58,528,853,633.69 $ 58,489,955,464.66 $ 253,549,542.53 Fair Value Including Accrued Interest $ 58,743,505,007.19 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost(.999335402). As an example: if an agency has an account balance of$20,000,000.00, then the agency would report its participation in the LAIF valued at $19,986,708.04 or $20,000,000.00 )( .999335402. Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of July 31,2006 Summary of investments by type Market Value Market Value Par Value Investment Type as of 6/30/06 as of 7/31/06 $7,889,554 Local Agency Investment Fund (LAIF) $7,812,657 $7,889,554 $0 Federal Agency Issues $0 $0 $5,876,508 Investment Agreements $8,236,508 $5,876,508 $6,267,527 Money Market Funds $2,173,465 $6,267,527 $330,488 US Treasury Securities $330,488 $330,488 $20,364,077 $18,553,118 $20,364,077 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 6/30/06 as of 7/31/06 $2,743,156 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,510,998 $2,743,156 $4,264,785 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $4,213,991 $4,264,785 $2,850,215 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,783 $2,850,215 $521,366 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $519,203 $521,366 $2,042,563 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,042,362 $2,042,563 $2,462,762 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,697,305 $2,462,762 . $1,303,598 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,294,083 $1,303,598 $176,159 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,198 $176,159 $1,634,610 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,634,053 $1,634,610 $1,308,846 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $769,148 $1,308,846 $872,930 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $872,849 $872,930 $134,396 City of Huntington Beach- Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $126,811 $134,396 $48,691 HB Public Finance Authority 1992 Revenue Bonds $48,335 $48,691 $20,364,077 $18,553,118 $20,364,077 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2006 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (6-30-06) (9-30-06) ICMA Retirement Corporation (457 Plan) $22,152,351 $432,933 ($392,490) $528,300 ($100) $22,720,994 ICMA Retirement Corporation (401 Plan) $648,287 $24,698 $0 $16,127 $0 $689,112 Nationwide Retirement Solutions (457 Plan) $50,959,347 $943,020 ($786,193) $978,906 ($100) $52,094,979 Total Deferred Compensation Plan Balances $73,759,985 $1,400,651 ($1,178,683) $1,523,332 ($200) $75,505,085 PowerPoint Presentation Attachment 4 Treasurer's Report - Shan L. Freidenr Oh, CPA, CCMT CPFA . . . .TREASURER' S REPORT 7- 17, 7'1i���. \ - . \ :%«±© : : .� ����\« 2 ° 14' ?« \ \ Shari L . Freidenrich , CPA, CCMT , CPFA November 6, 2006 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Objectives • Safety . Liquidity • Yield Slide 2 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA First Objective - Safety� Investments Percentages By Quality Ratings AAA N R 66% 19% �€ h :. IL 1' 3� A1P1 g� 15 /0 ARTA X wITY �3. Slide 3 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Percentages By Type of Investment Disc. Treasury 5 ° Federal Agencies 1 og Securities COMMI '- Pa per er �, - em- 4 e Fed. Agcy - Discount 2% LAIF Treasury Sec. 1 g% Slide 4 10% Treasurer's Report - Shari L. Frei denrich, CPA, CCMT, CPFA Investment Balances Trends Annualized Average Daily Portfolio Balance (in millions) $200 $175 a�t., tR i3FA $150 a $125 1 & A f. q $100 iob 3 $75- � F Sep-02 Sep-03 Sep-04 Sep-05 Sep-06 Slide 5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Second Objective - Liquidity Investment Maturities by Days, Ending September 2006 40% ' 80�Day xg 3 r f 30% / i } ° � � 2 .� 20% `Y � 7% ra Q'2 " 3 Y �� o .., 1417 3 /o o 10°/ � 10 /0 � . 4 0% 14% 7% 7% 19% 5% 6% 4% 2005 2006 Slide 6 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months MIT,-IN-1:5 NetCaFlow ❑=MatRur g Ind tmentsGeneral-Fu_ndNetCas~h Flow $2550005000 $935542 $5,7625542 $20,000,000 $1550005000 $6,6343542 $1050005000 $550005000 = _ ($550005000) OF . F($6,596,958) ($2992458) Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Slide 7 Treasurer's Report - Shari L.• Freidenrich, CPA, CCMT, CPFA Third Objective - Yield Annual Interest Earnings on Portfolio F 'M&�''MIMI 'i^'•� $8,000,000 $41759,000 $6 000 000 ver Budget $4;000,000 dm, q 3,0 $2,000;000 Rv, Sep-01 Sep-02 Sep-03 Sep-04 Sep-05 Sep-06 Slide 8 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Yields Trends AMON 4 N p c i INJ 7.00% ° 5.95 /° 6.00% ,, o 4.44% 3.91 % 5.0 % 5.00 /o 4.00% 3.56°/ 3.17% 2.97% 3.39° o 2.74% 2.44% a 3.00 /o 1 .95° 1 .65°/ 0 : 1 .00 /o 0.00% r n Sep-01 Sep-02 Sep-03 Sep-04 Sep-05 Sep-06 Slide 9 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Summary of Investment by City Fund September 30, 2006 $1 ,6193441 $2355865238 $3559995298 4 � x �ti ($6 336,489 $33,266,61 M y Qa. r-.- � � . Wn t3 z <r •yam^ >ki�k � 1��c a t�s r # Y k F 4 . prise ", a. r $2359523863 $8395069218 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Summary • Recommendatio-n to City Council Slide 11 RCA ROUTING SHEET 'INITIATING DEPARTMENT: City Treasurer SUBJECT: September 2006 Investment Summary Report COUNCIL MEETING DATE: November 6, 2006 $; RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Ap licable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ElNot Applicable (Signed in full by the City Attorney) Attached ❑ Subleases, Third Party Agreements, etc. Not Applicable (Approved as to form by City Attorney) Certificates of Insurance (Approved b the CityAttorne Attached ❑ y y� Not Applicable Fiscal Impact Statement (Unbudget, over $5,000) Attached ElNot Applicable ❑ Bonds (If applicable) AttachedNot Applicable Staff Report (If applicable) Attached ElNot Applicable Commission, Board or Committee Report If a Attached ❑ p ( applicable) Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXPLANATIONFOR MISSING ATTACHMENTS / EWED DRE\ Administrative Staff. Assistant City Administrator (Initial) City Administrator.(Initial) ( ) City Clerk 'EXPLANATION FOR RETURN1OF ITEM: Only)(Below Space For City Clerk's Use RCA Author: SLF 7 oIi7f . - 2096 OCT -4 AM 10-* 02 L Council/Agency Meeting Held: A Cli Deferred/Continued to: ftlp=d U C_onditioZy Approved P Denied er Sig re Council Meeting Date: 10/16/06 Dep;;rtmpVln Number: CT06-18 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASUR�f2� — PREPARED BY: SHARI L. FREIDENRICH, CITY TREASUR�� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S AUGUST 2006 INVESTMENT SUMMARY REPORT IStatement ssue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for August 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable .Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for August 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not Applicable Environmental Status: Not Applicable Attachment(s): City Clerk's Page Number No. Description Monthly Investment Report and Summary of Investments for August 2006 � 2. Schedule of Bond Investments .............. 3. Deferred Compensation Plan Summary Information ........... 4. August 2006 PowerPoint Presentation Monthly Investment Report and Summary of Investments for August 2006 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for August 2006 City Investment Portfolio: July August Inc./(Dec.) End of month City Portfolio Balance $203,517,140 $196,486,679 ($7,030,461) End of month General Fund Balance $32,855,911 $30,086,908 ($2,769,003) Earned Interest Yield Average 4.20% 4.24% 0.04% Average Maturity ( in days) 268 276 8 End of Month Market Value $201,636,891 $194,954,609 ($6,682,282) End of month bank cash balance $3,236,848 $7,534,062 $4,297,214 Bond Proceeds Investments:* June July Inc./(Dec.) End of Month Bond Reserve Par Value $18,553,118 $20,364,077 $1,810,959 End of Month Bond Reserve Market Value $18,553,118 $20,364,077 $1,810,959 Deferred Compensation Investments:** March June Inc./(Dec.) Participant Balances $74,339,652 $73,759,985 ($579,667) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $247,750 $725,643 $477,893 Interest Earned Year to Date $2,725,250 $7,016,290 $4,291,040 Earned Interest Yield Year to Date 3.25% 3.87% 0.62% *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days Int. August % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $100,459,382 51% None 473 3.79% Local Agency Inv. Fund (LAIF) $34,344,262 18% $40 million 1 4.95% Treasury Securities-Coupon $19,914,751 10% None 222 4.05% Commercial Paper Disc. -Amortizing $29,856,410 15% 25% 56 5.37% Federal Agency Disc. -Amortizing $1,998,075 1% None 7 5.11% Treasury Discounts-Amortizing $9,913,799 5% None 63 4.98% $196,486,679 100% 276 4.33% City of HB Portfolio Management Portfolio Summary August 31, 2006 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 100,490,000.00 99,085,345.90 100,459,382.16 51.13 1,122 473 3.734 3.786 Local Agency Investment Funds 34,344,261.78 34,344,261.78 34,344,261.78 17.48 1 1 4.878 4.946 Treasury Securities-Coupon 20,000,000.00 19,758,100.00 19,914,750.69 10.14 667 222 3.991 4.046 Commercial Paper Disc.-Amortizing 30,100,000.00 29,854,301.00 29,856,410.51 15.20 109 56 5.300 5.374 Federal Agency Disc.-Amortizing 2,000,000.00 1,998,000.00 1,998,075.00 1.02 127 7 5.038 5.108 Treasury Discounts-Amortizing 10,000,000.00 9,914,600.00 9,913,798.78 5.05 147 63 4.910 4.978 196,934,261.78 194,954,608.68 196,486,678.92 100.00% 667 276 4.270 4.330 Investments Cash and Accrued Interest Accrued Interest at Purchase 4,303.28 4,303.28 Subtotal 4,303.28 4,303.28 Total Cash and Investments 196,934,261.78 194,958,911.96 196,490,982.20 667 276 4.270 4.330 Total Earnings August 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 725,643.16 7,016,290.15 Current Budget 247,750.00 2,725,250.00 2,973,000.00 Last Year Actual 480,038.00 4,463,657.96 4,935,645.34 Average Daily Balance 201,303,682.89 197,735,704.60 Effective Rate of Return 4.24% 3.87% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 19,2005. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provjjed by Union Bank via Merrill Lynch and Interactive Data Corporation. z oo s; L.F EID ICH,CITY TREASURER Reporting period 08/01/2006-08/31/2006 Portfolio CITY AP Run Date:09/11/2006.10:29 PM(PRF_PM1)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management page 2 Portfolio Details - Investments August 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1,996,260.00 2,000,000.00 2.730 AAA 2.730 27 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 988,440.00 1,000,000.00 2.850 AAA 2.850 172 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000,00 975,000.00 1,000,000.00 3.500 AAA 3.500 592 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,955,620.00 2,000,000.00 4.000 AAA 4.000 788 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,953,120.00 2,000,000.00 4.000 AAA 4.000 836 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,966,260.00 2,000,000.00 3.700 AAA 3.700 427 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,971,880.00 1,998,928.51 4.620 AAA 4.642 976 05/04/2009 31331SXV0 3308 Federal Farm Credit Bank 06/24/2005 2,000,000.00 1,970,000.00 2,000,000.00 4.450 AAA 4.450 815 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,953,120.00 2,000,000.00 4.480 AAA 4.480 1,389 06/21/2010 31331VR32 3408 Federal Farm Credit Bank 07/19/2006 2,000,000.00 2,003,120.00 2,000,000.00 5.500 AAA 5.500 321 07/19/2007 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,936,880.00 2,000,000.00 3.020 AAA 3.020 584 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,968,760.00 2,000,000.00 2.400 AAA 2.400 196 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,976,260.00 2,000,000.00 2.270 AAA 2.270 144 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,936,880.00 2,000,000.00 3.320 AAA 3.320 696 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,921,880.00 2,000,000.00 2.900 AAA 2.900 697 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,810,687.50 1,850,000.00 4.000 AAA 4.000 759 09/29/2008 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,127,288.40 2,138,242.43 2.375 AAA 2.805 73 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 997,810.00 1,000,000.00 2.640 AAA 2.641 28 09/29/2006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,978,120.00 2,000,000.00 3.000 AAA 3.000 172 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,958,120.00 2,000,000.00 2.800 AAA 2.801 318 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,971,260.00 2,000,000.00 3.070 AAA 3.070 238 04/27/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,487,340.00 1,497,034.46 2.750 AAA 3.390 118 12/28/2006 3133X8QN5 3265 Federal Home Loan Bank 09/28/2004 2,000,000,00 1,958,760.00 2,000,000.00 3.260 AAA 3.260 392 09/28/2007 3133X9TP5 3277 Federal Home Loan Bank 12/28/2004 2,000,000.00 1,986,880.00 2,000,000.00 3.345 AAA 3.345 118 12/28/2006 3133X9UT5 3278 Federal Home Loan Bank 12/29/2004 2,000,000.00 1,996,880.00 2,000,000.00 3.280 AAA 3.280 28 09/29/2006 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,981,260.00 2,000,000.00 4.010 AAA 4.010 266 05/25/2007 3133XC3S0 3315 Federal Home Loan Bank 06/29/2005 2,000,000.00 1,997,500.00 2,000,000.00 3.760 AAA 3.760 28 09/29/2006 3133XEA82 3341 Federal Home Loan Bank 12/29/2005 2,000,000.00 1,998,760,00 2,000,000.00 4.625 AAA 4.625 28 09/29/2006 3133XEXU8 3365 Federal Home Loan Bank 03/28/2006 2,000,000.00 1,996,880.00 2,000,000.00 5.100 AAA 5,100 392 09/28/2007 3133XF4C7 3367 Federal Home Loan Bank 03/29/2006 2,000,000.00 1,996,260.00 2,000,000.00 5.000 AAA 5.000 150 01/29/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 2,001,260.00 2,000,000.00 5,500 AAA 5.500 1,526 11/05/2010 3133XFWBB 3400 Federal Home Loan Bank 06/28/2006 2,000,000.00 1,999,380.00 2,000,000.00 5.420 AAA 5.420 392 09/28/2007 3133XG7M0 3406 Federal Home Loan Bank 07/26/2006 2,000,000.00 2,001,880.00 2,000,000.00 5.600 AAA 5.600 328 07/26/2007 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,010,000.00 2,000,000.00 5.700 AAA 5.700 1,819 08/25/2011 3133XGMV3 3416 Federal Home Loan Bank 08/23/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.375 AAA 5.375 175 02/23/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,926,080.00 2,000,000.00 3.000 AAA 3.000 690 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,943,120.00 2,000,000.00 3.000 AAA 3.000 509 01/23/2008 Portfolio CITY Run Date 09/11/2006-10:29 AP PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 4 Portfolio Details - Investments August 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Commercial Paper Disc.-Amortizing 60406BKK4 3416 Minn.Mng&Mfg(3M) 08/15/2006 2,000,000.00 1,986,000.00 1,986,160.00 5.190 A1+P1 5.312 48 10/19/2006 02581SJN2 3395 American Express 06/01/2006 2,000,000.00 1,993,900,00 1,994,073.33 5.080 P-1 5.234 21 09/22/2006 02581SKAB 3410 American Express 07/31/2006 2,000,000.00 1,988,620.00 1,988,581.67 5.270 P-1 5.399 39 10/10/2006 17307SJ86 3394 Citigroup Global 06/01/2006 2,000,000.00 1,997,960.00 1,998,016.67 5.100 P-1 5.244 7 09/08/2006 17307SK68 3402 Citigroup Global 06/22/2006 2,000,000.00 1,989,800.00 1,989,655.56 5.320 P-1 5.480 35 10/06/2006 17307SNC2 3414 Citigroup Global 08/15/2006 2,000,000.00 1,961,200.00 1,961,134.45 5.260 P-1 5.453 133 01/12/2007 17307SMF6 3418 Citigroup Global 08/29/2006 2,000,000.00 1,969,380.00 1,969,316.67 5.260 P-1 5.419 105 12/15/2006 2470C3LE1 3419 Dell Inc. 08/29/2006 2,000,000.00 1,978,420.00 1,978,498.89 5.230 P-1 5,363 74 11/14/2006 36959JM18 3379 General Electric Capital Corp 04/21/2006 2,000,000.00 1,973,460.00 1,974,722.22 5.000 P-1 5.299 91 12/01/2006 36959JL35 3380 General Electric Capital Corp 04/21/2006 2,000,000.00 1,981,620.00 1,982,500.00 5.000 P-1 5,291 63 11/03/2006 36959JKAO 3409 General Electric Capital Corp 07/31/2006 1,600,000.00 1,590,896.00 1,590,761.33 5.330 P-1 5.461 39 10/10/2006 36959JLH4 3411 General Electric Capital Corp 07/31/2006 2,500,000.00 2,471,925.00 2,471,659.72 5.300 P-1 5.461 77 11/17/2006 43357MJC5 3407 Hitachi Capital Amer Corp 07/17/2006 2,000,000.00 1,996,800.00 1,996,718.33 5.370 P-1 5.491 11 09/12/2006 43357MKA7 3417 Hitachi Capital Amer Corp 08/18/2006 2,000,000.00 1,988,620.00 1,988,495.00 5.310 P-1 5.426 39 10/10/2006 74433HKL7 3397 PRUDENTIAL SECURITIES 06/07/2006 2,000,000.00 1,985,700.00 1,986,116.67 5.100 P-1 5.272 49 10/20/2006 Subtotal and Average 26,399,033.22 30,100,000.00 29,854,301.00 29,856,410.51 5.374 56 Federal Agency Disc.-Amortizing 313397E98 3386 Federal Home Loan Mort Corp 05/04/2006 2,000,000.00 1,998,000.00 1,998,075.00 4.950 AAA 5.108 7 09/08/2006 Subtotal and Average 2,638,899.17 2,000,000.00 1,998,000.00 1,998,075.00 5.108 7 Treasury Discounts-Amortizing 912795XX4 3371 United States Treasury Bills 03/30/2006 2,000,000.00 1,992,560.00 1,993,069.90 4.620 AAA 4.796 27 09/28/2006 912795XUO 3396 United States Treasury Bills 06/05/2006 2,000,000.00 1,998,340.00 1,998,436.67 4.690 AAA 4.814 6 09/07/2006 912795YHB 3399 United States Treasury Bills 06/13/2006 2,000,000.00 1,974,040.00 1,973,648.88 4.890 AAA 5.080 97 12/07/2006 912795XZ9 3405 United States Treasury Bills 06/29/2006 2,000,000.00 1,989,000.00 1,988,793.33 4.920 AAA 5.061 41 10/12/2006 912795YQ8 3412 United States Treasury Bills 07/31/2006 2,000,000.00 1,960,660.00 1,959,850.00 4.950 AAA 5.145 146 01/25/2007 Subtotal and Average 10,022,764.82 10,000,000.00 9,914,600.00 9,913,798.78 4.978 63 Total and Average 201,303,682.89 196,934,261.78 194,954,608.68 196,486,678.92 4.330 276 Portfolio CITY Run Date:09/11/2006-10:29 AP PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Activity By Type Page s August 1, 2006 through August 31, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133X9GC8 3269 Federal Home Loan Bank 3.000 08/30/2006 0.00 2,000,000.00 3133X9NH9 3272 Federal Home Loan Bank 3.080 08/30/2006 0.00 2,000,000.00 3133XDV81 3331 Federal Home Loan Bank 4.560 08/30/2006 0.00 2,000,000.00 3133XGN59 3413 Federal Home Loan Bank 5.700 08/25/2006 2,000,000.00 0.00 3133XGMV3 3416 Federal Home Loan Bank 5.375 08/23/2006 2,000,000.00 0.00 3128X1 W M5 3368 Federal Home Loan Mort Corp 2.650 08/04/2006 0.00 2,000,000.00 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 2.750 08/11/2006 0.00 2,000,000.00 Subtotal 4,000,000.00 10,000,000.00 100,459,382.16 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 4.946 15,400,000.00 10,500,000.00 Subtotal 15,400,000.00 10,500,000.00 34,344,261.78 Treasury Securities-Coupon 912828CU2 3350 US Treasury Notes 2.375 08/31/2006 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 19,914,750.69 Commercial Paper Disc.-Amortizing 60406BKK4 3415 Minn.Mng&Mfg(3M) 5.190 08/15/2006 1,981,258.33 0.00 17307SHR6 3383 Citigroup Global 5.010 08/25/2006 0.00 2,000,000.00 17307SNC2 3414 Citigroup Global 5.260 08/15/2006 1,956,166.67 0.00 17307SMF6 3418 Citigroup Global 5.260 08/29/2006 1,968,440.00 0.00 2470C3LE1 3419 Dell Inc. 5.230 08/29/2006 1,977,627.22 0.00 43357MKA7 3417 Hitachi Capital Amer Corp 5.310 08/18/2006 1,984,365.00 0.00 80685UH18 3389 Schlumberger Co. 5.020 08/01/2006 0.00 2,000,000.00 80685UH75 3393 Schlumberger Co. 5.050 08/07/2006 0.00 2,000,000.00 82619SHJ1 3392 Siemens Capital 5.040 08/18/2006 0.00 2,000,000.00 Subtotal 9,867,857.22 8,000,000.00 29,856,410.51 Federal Agency Disc.-Amortizing 313385A63 3387 Federal Home Loan Bank 4.910 08/04/2006 0.00 2,000,000.00 313397626 3390 Federal Home Loan Mort Corp 4.935 08/08/2006 0.00 2,000,000.00 Subtotal 0.00 4,000,000.00 1,998,075.00 Treasury Discounts-Amortizing 912795XP1 3368 United States Treasury Bills 4.420 08/03/2006 0.00 2,000,000.00 Portfolio CITY AP Run Date:09/11/2006-10:29 PM(PRF PM3)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 8 Activity Summary August 2005 through August 2006 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity August 2005 75 176,696,907.30 3.181 3.226 3.179 0 4 747 442 September 2005 73 173,309,998.31 3.278 3.323 3.324 9 11 745 435 October 2005 73 168,421,200.34 3.323 3.370 3.458 3 3 749 416 November 2005 74 170,429,038.72 3.415 3.462 3.636 7 5 740 398 December 2005 80 182,125,168.68 3.559 3,608 3.808 12 6 685 361 January 2006 87 199,324,742.82 3.663 3.714 3.955 8 1 640 321 February 2006 84 202,298,159.37 3.699 3.750 4.043 6 9 658 315 March 2006 83 195,530,162.41 3.764 3.816 4.142 9 10 680 313 April 2006 88 200,664,711.64 3.888 3.942 4.305 9 4 651 290 May 2006 95 218,318,093.06 4.030 4.086 4.563 12 5 618 270 June 2006 96 222,970,372.22 4.139 4.196 4.700 12 11 607 259 July 2006 91 214,176,591.79 4.182 4.240 4.849 7 12 654 268 August 2006 85 201,303,682.89 4.270 4.330 4.946 7 13 667 276 Average 83 194,238,295.75 3.722% 3.774% 4.070 8 7 680 336 Portfolio CITY AP Run Date 09/11/2006-10:29 PM(PRF_PM4)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type August 2005 through August 2006 August September October November December January February March April May June July August Average Security Type 2005 2005 2005 2005 2005 2006 2006 2006 2006 2006 2006 2006 2006 by Period Repurchase Agreements Certificates of Deposit _..... -......._.... .............. ........................._............................................................................................................................................................................................................................_................._..............._.._.._..... Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 53.1 52.4 53.9 54.4 51.1 46.6 47.9 52.0 49.0 46.6 47.7 52.3 51.1 50.6% _._.. ....._..._ _..-.. _..... ..... ......... ........ __..... ._._.. - - - .-.. -- ..- .._.-.... _.. _... ........ _ ._..... ..- - - Local Agency Investment Funds 21.1 22.8 21.2 22.7 20.9 19.5 19.8 19.0 18.8 17.4 16.9 14.5 17.5 19.4% Treasury Securities-Coupon 6.8 8.0 8.0 8.0 7.3 7.8 8.0 8.2 11.5 10.8 10.8 10.8 10.1 8.9% Medium Term Notes 1.4 1.4 1.4 1.4 0.5 0.5 0.5 0.5 0.5 0.6% _..... _...... _....... ......_. _.._.. .._._..-...-..... --- .._ -......-.... _... ......... ...._... ...._..... ........................................ Negotiable CD's Certificates of Deposit-Bank - _._. ......._.... ._..._..........._.. - _.._..-_......... _. ......... ..._............... ..... - ... - -.._- _.-... ..................................- -._........- - ._. . ......-_ Mortgage Backed Securities _..... __............ ........... .........._... .....-..... ....._ .._........_.. .................. ........_ _.. ....- ........_. _ _.._.. _.......................... ._...._..-_............. ........._ . ........._. ...._..... Bankers Acceptances-Amortizing - - . _..... _..... _...._... - ......_. .............. ...._._.._ _..-._... .......... --- ........ ...................... - .. ... _..... Commercial Paper Disc.-Amortizing 5.7 6.8 4.6 5.7 10.9 11.1 9.4 10.7 10.0 13.9 11.6 13.7 15.2 10.0% Federal Agency Disc.-Amortizing 4.5 2.3 4.6 3.9 5.5 2.5 3.4 4.9 6.7 2.9 1.0 3.3% ......... ........ ........ ............... _....... ..._.. _..- _....... ....... ..... --- _ .. __..... ..-_._. - ...- ._....-. ......... ......... ........... Treasury Discounts-Amortizing 7.4 6.3 6.3 7.9 9.3 10.6 8.9 7.1 6.7 6.3 6.3 5.8 5.1 7.2% _. ..__........_........... _. __ ........_.......__.......- _._.-._ _........_.. ............. .__. _ ..._.................... .. ........... _. .._.............. Miscellaneous Discounts-Amortizing ......... .- - ............_- - - _... ...... ........ -...................... - - .................. ......... .............. ...--.... -- - Rolling Repurchase Agreements __... _ _ _....._..._.._ ....._ ...... .. . ........_.........._.... ......... ......_........._............ _. _.................__ ....... _.. __... Portfolio CITY AP Run Date.09/11/2006-10:29 PM(PRF_PM5)SyrnRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 8/31/2006 :Si.Lt•'n':iii::$;::::fit%;'iriii'r'r:::::::::4w::::::.t;}:.}:: •::.+::::�:;:i�iei,:;:r:C,:?::j::jiiiiii::F:::::i:::iii:Q�:'^:?�:, :?j::,�::•,:::::tiii: :•:•Lv:::t:{:iii:;iiiiii::i:;:':•j:}:i::+'�ii::iiiSi:•i:.:n,.;.:.:::::::.:�:•v:xvi'::::::w.:.............•,;•::;•,•i;•:::/.y�'vhiiii:::::::.w.tt .:.:::::.t.:::�.;..•:::.:. ����yy}��y���{ y;;�{,�� N::::::.i.*.t '��Yi 'j`�►fit( �} .:�s�:�,1' h:�]i�nt'yy��.:: .yy. ..:..:..:�5'its'i(.:•...... : ..�•:Lp...;•{•'����. (:::::::::::::::::::::i:i:.T.•.TY.IY.'M-'....*. .TS4£. ?:':•::Y:•?..............'M'N`...••.7..��YF:.4���^ .....!M�.T.. :::.:i:•:.}:•??ii:•iiyi::•i.•..i:.TT..�...•...�T.wiivi:iii..:�...... �. ST��... United States Treasury: Bills $ 1,815,993,127.76 $ 1,829,507,000.00 NA Notes $ 899,546,795.50 $ 897,064,000.00 $ 8,614,935.00 Federal Agency: SBA $ 696,607,204.46 $ 690,439,148.28 $ 5,909,055.69 MBS $ 646,289,490.46 $ 624,560,019.55 $ 2,854,563.98 Bonds $ 8,759,024,729.72 $ 8,732,813,658.96 $ 87,579,243.50 Floaters $ - $ - $ - Discount Notes $ 7,261,306,815.40 $ 7,367,203,000.00 NA FHLMC PC $ 1,011,667.39 $ 1,045,590.51 $ 16,354.49 GNMA $ 235,332.99 $ 260,438.88 $ 2,341.17 Bankers Acceptances $ - $ - NA Bank Notes $ 1,300,000,000.00 $ 1,300,074,183.00 $ 9,909,611.11 CDs $ 11,754,405,976.16 $ 11,753,448,060.13 $ 125,375,223.19 Commercial Paper $ 6,658,653,409.75 $ 6,711,703,192.92 NA Corporate: Floaters $ 225,482,704.39 $ 225,146,800.00 $ 1,280,370.41 Bonds $ 557,519,531.81 $ 553,095,609.89 $ 10,206,389.09 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 8,070,495,000.00 $ 8,070,495,000.00 NA AB 55&GF Loans $ 8,337,459,173.34 $ 8,337,459,173.34 NA TOTAL $ 56,984,030,959.13 $ 57,094,314,875.46 $ 251,748,087.63 Fair Value Including Accrued Interest $ 57,346,062,963.09 Repurchase Agreements,Time Deposits,AB 55.& General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of July 31,2006 Summary of investments by type Market Value Market Value Par Value Investment Type as of 6/30/06 as of 7/31/06 $7,889,554 Local Agency Investment Fund (LAIF) $7,812,657 $7,889,554 $0 Federal Agency Issues $0 $0 $5,876,508 Investment Agreements $8,236,508 $5,876,508 $6,267,527 Money Market Funds $2,173,465 $6,267,527 $330,488 US Treasury Securities $330,488 $330,488 $20,364,077 $18,553,118 $20,364,077 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 6/30/06 as of 7/31/06 $2,743,156 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,510,998 $2,743,156 $4,264,785 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $4,213,991 $4,264,785 $2,850,215 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,783 $2,850,215 $521,366 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $519,203 $521,366 $2,042,563 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,042,362 $2,042,563 $2,462,762 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,697,305 $2,462,762 $1,303,598 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,294,083 $1,303,598 $176,159 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,198 $176,159 $1,634,610 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,634,053 $1,634,610 $1,308,846 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $769,148 $1,308,846 $872,930 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $872,849 $872,930 $134,396 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $126,811 $134,396 $48,691 HB Public Finance Authority 1992 Revenue Bonds $48,335 $48,691 $20,364,077 $18,553,118 $20,364,077 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2006 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (3-31-06) (6-30-06) ICMA Retirement Corporation (457 Plan) $22,218,364 $1,104,269 ($858,811) ($311,272) ($200) $22,152,351 ICMA Retirement Corporation (401 Plan) $621,382 $36,043 $0 ($9,137) $0 $648,287 Nationwide Retirement Solutions (457 Plan) $51,482,375 $828,456 ($979,260) ($372,009) ($215) $50,959,347 Trust Deeds $17,532 ($17,532) $0 Total Deferred Compensation Plan Balances $74,339,652 $1,968,768 ($1,855,603) ($692,418) ($415) $73,759,985 PowerPoint Presentation Attachment 4 =Ij Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA August Treasurer' s Report 4 low Yf Shari L . Freidenrich , CPA, CCMT, CPFA October 16, 2006 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Financial Information July August Inc./(Dec.) End of Month City Portfolio $203.517 $196.487 ($7.030) End of Month Market Value $201 .637 $194.955 ($6.682) Interest Earned for Month $0.764 $0.726 ($0.038) Earned Interest Yield Year to Date 3.83% 3.87% 0.04% Average Maturity ( in days) 268 276 8 YTD Average Daily Balance $197.372 $197.736 $0.364 Summary by Type: August % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $100.459 51 % None 473 3.79% LAI F (State Pool) $34.344 18% $40 million 1 4.95% U.S.Treasury Notes $19.915 10% None 222 4.05% Discount Comm. Paper $29.857 15% 25% 56 5.37% Discount Federal Agy $1 .998 1 % None 7 5. 11 % Discount Treasury Note $9.914 5% None 63 4.98% Total $196.487 100% 276 4.33% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: August 2006 Investment Summary Report COUNCIL MEETING DATE: October 16, 2006 ' RCATTACItM E ' STT N 4 Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached El Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Attached ❑ Contract/Agreement (w/exhibits if applicable) Not Applicable (Signed in full by the City Attorney) Attached ❑ Subleases, Third Party Agreements, etc. Not Applicable (Approved as to form by City Attorney Certificates of Insurance (Approved b the City Attome Attached ❑ ( PP Y Y Y) Not Applicable Attached ❑ Fiscal Impact Statement (Unbudget, over$5,000) Not Applicable Attached ❑ Bonds (If applicable) Not Applicable Attached ❑ Staff Report (If applicable) Not Applicable Commission, Board or Committee Report applicable)If a Attached ❑ p ( pp ) . Not Applicable Attached ❑ Findings/Conditions for Approval and/or Denial Not Applicable [:AN . „JP .FO " " StN. O-1M"%g -,t Administrative Staff Assistant City Administrator Initial City Administrator (Initial) City Clerk P!_A T10N:F ETU I t 'I f`EM: ' ' -40 (Below r. For Only) RCA Author: SLF CITY OF HUNTINGTON BEACH INTERDEPARTMENTAL COMMUNICATION CITY TREASURER'S DEPARTMENT c CD TO: loan L. Flynn, City Clerk s -- '" Tx; - - VIA: Shari L. Freidenrich, City TreasuU ` c� -° DATE: October 16, 2006 z x � SUB]ECT: LATE COMMUNICATION -AGENDA ITEM C-3 The PowerPoint at C-3A.20 includes a typographical error. This memorandum transmits the corrected PowerPoint page that eliminates the typographical ,. error. SLF/Ine Attachment /C) 04. .-.- . Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Financial Information: July August Inc./(Dec End of Month City Portfolio $203.517 $196.487 .030) End of Month Market Value $201 .637 $194.955 ($6.682) Interest Earned for Month $0.764 $0.72 ($0.038) Earned Interest Yield Year to Date 3.83% % 0.04% Average Maturity ( in days) 268 276 8 YTD Average Daily Balance $197.37 $197.736 $0.364 Summary by Type: Augu % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon 0.459 51% None 473 3.79% LAIF (State Pool) $34.344 18% $40 million 1 4.95% U.S.Treasury Note $19.915 C1% � None 222 4.05% Discount Co . Paper $29.857 15% 25% 56 5.37% Discoun ederal Agy $1 .998 1% None 7 5.11% Dis nt Treasury Note $9.914 5% None 63 4.98% Total $196.487 100% 276 4.33% _ - / - '7 }.,+�y E +s+'�P/y gyp•1'.1 i 6t +.••w Council/Agency Meeting Held:/ Deferred/Continued to: y ' t Approved ❑ Conditionally Approved ❑ Denied I&A7 . City CI rk s *natu66 Council Meeting Date: 05/01/06 Department ID Number: CT06-09 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASURE PREPARED BY: SHARI L. FREIDENRICH, CITY TREASUR SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MARCH 2O06 INVESTMENT SUMMARY REPORT F atement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachments) Statement of Issue: Review and accept the Monthly Investment Report for March 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for March 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not Applicable Environmental Status: Not Applicable Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for March 2006 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. 1 March 2006 PowerPoint Presentation Monthly Investment Report and Summary of Investments for March 2006 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for March 2006 City Investment Portfolio: February March Inc./(Dec.) End of month City Portfolio Balance $199,418,230 $194,992,374 ($4,425,856) End of month General Fund Balance $39,219,065 $31,609,828 ($7,609,237) Earned Interest Yield Average 3.90% 3.75% -0.15% Average Maturity ( in days) 315 313 (2) End of Month Market Value $197,305,386 $192,787,398 ($4,517,988) End of month bank cash balance $4,153,771 $5,107,839 $954,068 Bond Proceeds Investments:* January February Inc./(Dec.) End of Month Bond Reserve Par Value $22,452,831 $20,099,391 ($2,353,440) End of Month Bond Reserve Market Value $22,452,831 $20,099,391 ($2,353,440) Deferred Compensation Investments:*" September December Inc./(Dec.) Participant Balances $69,915,390 $71,600,294 $1,684,904 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $247,750 $622,409 $374,659 Interest Earned Year to Date $1,486,500 $3,369,950 $1,883,450 Earned Interest Yield Year to Date 3.25% 3.61% 0.36% "Bond Proceeds Statements are issued monthly and may lag by more than one month. "Deferred Compensation Statements are issued quarterly and may lag by one quarter. Summary by Individual Investment in City Investment Portfolio: Days Int. March %of Total Policy Limit to Mat. Rate Federal Agency Issues- Coupon $101,469,130 52% None 517 3.41% Local Agency Inv. Fund (LAIF) $36,988,411 19% $40 million 1 4.14% Treasury Securities-Coupon $15,958,310 8% None 320 3.33% Medium Term Notes $999,958 1% 20% 39 5.80% Commercial Paper Disc. -Amortizing $20,803,817 11% 25% 73 4.77% Federal Agency Disc. -Amortizing $4,944,943 2% None 85 4.74% Treasury Discounts-Amortizing $13,827,805 7% None 102 4.43% $194,992,374 100% 313 3.81% City of HB Portfolio Management Portfolio Summary March 31, 2006 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 101,490,000.00 99,484,776.60 101,469,130.07 52.04 1,105 517 3.367 3.414 Local Agency Investment Funds 36,988,411.46 36,988,411.46 36,988,411.46 18.97 1 1 4.085 4.142 Treasury Securities-Coupon 16,000,000.00 15,744,460.00 15,958,309.90 8.18 817 320 3.283 3.328 Medium Term Notes 1,000,000.00 1,000,720.00 999,958.18 0.51 1,826 39 5.720 5.799 Commercial Paper Disc.-Amortizing 21,000,000.00 20,799,930.00 20,803,817.23 10.67 122 73 4.704 4.769 Federal Agency Disc.-Amortizing 5,000,000.00 4,944,300.00 4,944,942.78 2.54 115 85 4.675 4.740 Treasury Discounts-Amortizing 14,000,000.00 .13,824,800.00 13,827,804.76 7.09 176 102 4.369 4.430 195,478,411.46 192,787,398.06 194,992,374.38 100.00% 680 313 3.756 3.808 Investments Cash and Accrued Interest Accrued Interest at Purchase 8,534.06 8,534.06 Subtotal 8,534.06 8,534.06 Total Cash and Investments 195,478,411.46 192,795,932.12 195,000,908.44 680 313 3.756 3.808 Total Earnings March 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 622,409.46 3,369,950.15 Current Budget 247,750.00 1,486,500.00 2,973,000.00 Last Year Actual 399,467.85 2,125,746.06 4,935,645.34 Average Daily Balance 195,532,018.71 187,111,561.42 Effective Rate of Return 3.75% 3.61% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 19,2005. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and Interactive Data Corporation. ,AQAP(L.FREIDENRI N,CITY TREASURER Reporting period 0310112006-03/31/2006 Portfolio CITY AP Run Date:04/13/2006-11:47 PM(PRF_PM1)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments March 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1,976,880.00 2,000,000.00 2.730 AAA 2.730 180 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 980,310.00 1,000,000.00 2.850 AAA 2.850 325 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 970,000.00 1,000,000.00 3.500 AAA 3.500 745 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,948,760.00 2,000,000.00 4.000 AAA 4.000 941 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,945,000.00 2,000,000.00 4.000 AAA 4.000 989 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,958,120.00 2,000,000.00 3.700 AAA 3.700 580 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,964,380.00 1,998,761.61 4.620 AAA 4.642 1,129 05/04/2009 31331SXV0 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,965,620.00 2,000,000.00 4.460 AAA 4.450 968 11/24/2008 31331SXP3 3310 Federal Farm Credit Bank 05/23/2005 2,000,000.00 1,996,260.00 2,000,000.00 3.650 AAA 3.650 52 05/23/2006 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,941,260.00 2,000,000.00 4,480 AAA 4.480 1,542 06/21/2010 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,922,500.00 2,000,000.00 3.020 AAA 3.020 737 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,949,380.00 2,000,000.00 2.400 AAA 2.400 349 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,950,000.00 2,000,000.00 2.270 AAA 2.270 297 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,924,380.00 2,000,000.00 3.320 AAA 3.320 849 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,906,260.00 2,000,000.00 2.900 AAA 2.900 850 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,803,750.00 1,850,000.00 4.000 AAA 4.000 912 09/29/2008 31339YU03 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,104,561.60 2,134,580.84 2.375 AAA 2.805 226 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 988,130.00 1,000,000.00 2.640 AAA 2.641 181 09/29/2006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,963,120.00 2,000,000.00 3.000 AAA 3.000 325 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,943,120.00 2,000,000.00 2.800 AAA 2.801 471 07/16/2007 3133XSZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,957,500.00 2,000,000.00 3.070 AAA 3.070 391 04/27/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,474,215.00 1,493,232.49 2.750 AAA 3.390 271 12/28/2006 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,947,500.00 2,000,000.00 3.260 AAA 3.260 545 09/28/2007 3133X9GC8 3269 Federal Home Loan Bank 11/30/2004 2,000,000.00 1,984,380.00 2,000,000.00 3.000 AAA 3.000 151 08/30/2006 3133X9NH9 3272 Federal Home Loan Bank 11/30/2004 2,000,000.00 1,985,000.00 2,000,000.00 3.080 AAA 3.080 151 08/30/2006 3133X9TP5 3277 Federal Home Loan Bank 12/28/2004 2,000,000.00 1,974,380.00 2,000,000.00 3.345 AAA 3.345 271 12/28/2006 3133X9UT5 3278 Federal Home Loan Bank 12/29/2004 2,000,000.00 1,982,500.00 2,000,000.00 3.280 AAA 3.280 181 09/29/2006 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,975,000.00 2,000,000.00 4.010 AAA 4.010 419 05/25/2007 3133XC3S0 3315 Federal Home Loan Bank 06/29/2005 2,000,000.00 1,986,260.00 2,000,000.00 3.760 AAA 3.760 181 09/29/2006 3133XDFK2 3328 Federal Home Loan Bank 10/27/2005 2,000,000.00 1,998,760.00 2,000,000.00 4.100 AAA 4,100 26 04/27/2006 3133XDV81 3331 Federal Home Loan Bank 11/30/2005 2,000,000.00 1,995,620.00 2,000,000.00 4.560 AAA 4.560 151 08/30/2006 3133XEA82 3341 Federal Home Loan Bank 12/29/2005 2,000,000.00 1,994,380.00 2,000,000.00 4.625 AAA 4.625 181 09/29/2006 3133XEXU8 3365 Federal Home Loan Bank 03/28/2006 2,000,000.00 1,996,260.00 2,000,000.00 5.100 AAA 5.100 545 09/28/2007 3133XF4C7 3367 Federal Home Loan Bank 03/29/2006 2,000,000.00 1,997,500.00 2,000,000.00 5.000 AAA 5.000 303 01/29/2007 312BXlRJB 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,911,200.00 2,000,000.00 3.000 AAA 3.000 843 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,928,480.00 2,000,000.00 3,000 AAA 3.000 662 01/23/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1,000,000.00 994,270.00 1,000,000.00 2.625 AAA 2.625 90 06/30/2006 Portfolio CITY AP Run Date:04/13/2006-11:47 PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of 1-1113 Portfolio Management Page 3 Portfolio Details - Investments March 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Data Federal Agency Issues-Coupon 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000,00 1,960,660.00 2,001,168.67 2.750 AAA 2.678 314 02/09/2007 3128X1DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1,965,620.00 2,001,241.06 2.500 AAA 2.404 247 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,960,660.00 2,002,153.01 2.750 AAA 2.618 314 02/09/2007 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,941,320.00 2,000,000.00 3.560 AAA 3.560 755 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,933,540.00 2,000,000.00 4.125 AAA 4.125 1,327 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,941,040.00 2,000,000.00 3.600 AAA 3.600 782 05/22/2008 3128X1WM5 3368 Federal Home Loan Mort Corp 03/22/2006 2,000,000.00 1,984,380.00 1,990,365.00 2.650 AAA 4.078 125 08/04/2006 3136F3VT0 3193 Fed.Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 1,986,880.00 1,998,134.64 2.100 AAA 2.510 86 06/26/2006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 1,969,380.00 2,000,000.00 3.000 AAA 3.000 272 12/29/2006 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 03/22/2004 2,000,000.00 1,984,380.00 2,001,667.75 2.750 AAA 2.510 132 08/11/2006 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,916,260.00 2,000,000.00 3.610 AAA 3.610 1,094 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,926,260.00 1,997,825.00 3.250 AAA 2.052 795 06/04/2008 3136F6EY1 3258 Fed.Nat'l Mort.Assoc. 10/12/2004 2,000,000.00 1,988,760.00 2,000,000.00 3.000 AAA 2.875 102 07/12/2006 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 1,938,760,00 2,000,000.00 4.250 AAA 4.250 1,277 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,945,000.00 2,000,000.00 3.700 AAA 3.700 783 05/23/2008 3136F6PB9 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,956,880.00 2,000,000.00 3.700 AAA 3.080 597 11/19/2007 Subtotal and Average 96,571,682.52 101,490,000.00 99,484,776.60 101,469,130.07 3.414 517 Local Agency Investment Funds SYS982 982 Laif City 17,995,166.00 17,995,166.00 17,995,166.00 4.142 NR 4.142 1 SYS2206 2206 LAIF-Redevelopment Agency 18,993,245.46 18,993,245.46 18,993,245.46 4.142 NR 4.142 1 Subtotal and Average 39,435,185.65 36,988,411.46 36,988,411.46 36,988,411.46 4.142 1 Treasury Securities-Coupon 912828CF5 3234 US Treasury Notes 05/12/2004 2,000,000.00 1,996,100.00 1,999,488.81 2.250 AAA 2.580 29 04/30/2006 912828CG3 3235 US Treasury Notes 05/17/2004 2,000,000.00 1,962,040.00 1,998,407.26 3.125 AAA 3.195 409 05/15/2007 91282BANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,942,660.00 1,985,506.28 3.000 AAA 3.473 593 11/15/2007 91282771`3 3246 US Treasury Notes 06/14/2004 2,000,000.00 1,983,120.00 2,005,077.77 3.500 AAA 3.068 228 11/15/2006 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,942,660.00 1,998,150.06 3.000 AAA 3.060 593 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,944,140.00 1,992,389.32 2.750 AAA 3.034 501 08/15/2007 912828CK4 3322 US Treasury Notes 09/23/2005 2,000,000.00 1,993,040.00 1,995,725.00 2.500 AAA 3.824 60 05/31/2006 912828CU2 3350 US Treasury Notes 01/06/2006 2,000,000.00 1,980,700.00 1,983,565.40 2.375 AAA 4.403 152 08/31/2006 Subtotal and Average 15,954,989.30 16,000,000.00 15,744,460.00 15,958,309.90 3.328 320 Portfolio CITY Run Date:04/13/2006-11:47 AP PM(PRF PM2)SyrnRept 6.41.202 City of HB Portfolio Management Page 4 Portfolio Details - Investments March 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Medium Term Notes 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,000,720.00 999,958.18 5.750 Aa 5.799 39 05/10/2006 Subtotal and Average 999,943.14 1,000,000.00 1,000,720.00 999,958.18 5.799 39 Commercial Paper Disc.-Amortizing 03523DF16 3359 Anheuser Busch 02/09/2006 2,000,000.00 1,984,300.00 1,984,614,44 4.540 P-1 4.669 61 06/01/2006 17307SFW7 3342 Citigroup Global 12/20/2005 3,000,000.00 2,964,570.00 2,966,250.00 4.500 P-1 4.725 90 06/30/2006 17307SFP2 3369 Citigroup Global 03/24/2006 2,000,000.00 1,978,260.00 1,977,728.34 4.830 P-1 4.958 83 06/23/2006 17307SD74 3370 Citigroup Global 03/24/2006 2,000,000.00 1,998,940.00 1,998,433.33 4.700 P-1 4.774 6 04/07/2006 36959JGE7 3345 General Electric Capital Corp 12/21/2005 2,000,000.00 1,972,520.00 1,974,115.56 4.480 P-1 4.709 104 07/14/2006 36959JDAB 3361 General Electric Capital Corp 02/09/2006 2,000,000.00 1,998,160.00 1,997,750.00 4.500 P-1 4.597 9 04/10/2006 36959JFT5 3366 General Electric Capital Corp 03/22/2006 2,000,000.00 1,977,200.00 1,976,896.67 4,780 P-1 4.910 87 06/27/2006 36959JFC2 3372 General Electric Capital Corp 03/30/2006 2,000,000.00 1,981,220.00 1,980,720.00 4.820 P-1 4.936 72 06/12/2006 82434UGJO 3351 Sherwin-Williams 01/06/2006 2,000,000.00 1,971,440.00 1,973,120.00 4.480 P-1 4.681 108 07/18/2006 82434UGB7 3360 Sherwin-Williams 02/09/2006 2,000,000.00 1,973,320.00 1,974,188.89 4.600 P-1 4.756 101 07/11/2006 Subtotal and Average 17,406,820.11 21,000,000.00 20,799,930.00 20,803,817.23 4.769 73 Federal Agency Disc.-Amortizing 313397ZX2 3363 Federal Home Loan Mort Corp 02/28/2006 3,000,000.00 2,953,500.00 2,954,275.00 4.650 AAA 4.808 118 07/28/2006 313589WN9 3364 Fed.Nat'l Mort.Assoc. 03/06/2006 2,000,000.00 1,990,800.00 1,990,667.78 4.540 AAA 4.640 37 05/08/2006 Subtotal and Average 10,284,668.45 5,000,000.00 4,944,300.00 4,944,942.78 4.740 85 Treasury Discounts-Amortizing 912795XG1 3346 United States Treasury Bills 12/21/2005 2,000,000.00 1,981,880.00 1,982,604.26 4.175 AAA 4.321 75 06/15/2006 912795XF3 3347 United States Treasury Bills 12/21/2005 2,000,000.00 1,983,620.00 1,984,341.49 4.145 AAA 4.286 68 06/08/2006 912795XE6 3348 United States Treasury Bills 12/22/2005 2,000,000.00 1,985,360.00 1,986,071,67 4,110 AAA 4,245 61 06/01/2006 912795XK2 3352 United States Treasury Bills 01/06/2006 2,000,000.00 1,976,700.00 1,977,653.75 4.190 AAA 4.340 96 07/06/2006 912795XM8 3353 United States Treasury Bills 01/19/2006 2,000,000.00 1,973,120.00 1,973,783.74 4.290 AAA 4.446 110 07/20/2006 912795XP1 3358 United States Treasury Bills 02/02/2006 2,000,000.00 1,969,380.00 1,969,550.51 4.420 AAA 4.584 124 08/03/2006 912795XX4 3371 United States Treasury Bills 03/30/2006 2,000,000.00 1,954,740.00 1,953,799.34 4.620 AAA 4.796 180 09/28/2006 Subtotal and Average 14,878,729.54 14,000,000.00 13,824,800.00 13,827,804.76 4.430 102 Total and Average 195,532,018.71 195,478,411.46 192,787,398.06 194,992,374.38 3.808 313 Portfolio CITY AP Run Date:04/13/2006-1 1:47 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 5 Portfolio Details - Cash March 31, 2006 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 8,534.06 8,534.06 0 Subtotal 8,534.06 8,534.06 Total Cash and Investmentss 195,532,018.71 195,478,411.46 192,795,932.12 195,000,908.44 3.808 313 Portfolio CITY Run Date:04/13/2006-11:47 AP PM(PRF_PM2)SyrnRept 6.41.202 City of HB Portfolio Management Page 6 Activity By Type March 1, 2006 through March 31, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133XEXU8 3365 Federal Home Loan Bank 5.100 03/28/2006 2,000,000.00 0.00 3133XF4C7 3367 Federal Home Loan Bank 5.000 03/29/2006 2,000,000.00 0.00 3128X1WM5 3368 Federal Home Loan Mort Corp 2.650 03/22/2006 1,989,660.00 0.00 Subtotal 5,989,660.00 0.00 101,469,130.07 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 4.142 500,000.00 2,500,000.00 SYS2206 2206 LAIF-Redevelopment Agency 4.142 2,050,000.00 2,500,000.00 Subtotal 2,550,000.00 5,000,000.00 36,988,411.46 Treasury Securities-Coupon Subtotal 15,958,309.90 Medium Term Notes Subtotal 999,958.18 Commercial Paper Disc.-Amortizing 03523DC92 3339 Anheuser Busch 4.290 03/09/2006 0.00 2,000,000.00 17307SFP2 3369 Citigroup Global 4.830 03/24/2006 1,975,581.67 0.00 17307SD74 3370 Citigroup Global 4.700 03/24/2006 1,996,344.44 0.00 36959JFT5 3366 General Electric Capital Corp 4.780 03/22/2006 1,974,241.11 0.00 36959JFC2 3372 General Electric Capital Corp 4.820 03/30/2006 1,980,184.44 0.00 43357MC65 3349 Hitachi Capital Amer Corp 4.380 03/06/2006 0.00 2,000,000.00 8225X1CX2 3344 Shell International Finance 4.350 03/31/2006 0.00 2,000,000.00 Subtotal 7,926,351.66 6,000,000.00 20,803,817.23 Federal Agency Disc.-Amortizing 313313UB2 3362 Federal Farm Credit Bank 4.380 03/10/2006 0.00 2,000,000.00 313397UY5 3354 Federal Home Loan Mort Corp 4.340 03/31/2006 0.00 2,000,000.00 313397URO 3355 Federal Home Loan Mort Corp 4.340 03/24/2006 0.00 2,000,000.00 313397UU3 3357 Federal Home Loan Mort Corp 4.340 03/27/2006 0.00 2,000,000.00 313589WN9 3364 Fed.Nat'l Mort,Assoc. 4.540 03/06/2006 1,984,110.00 0.00 Subtotal 1,984,110.00 8,000,000.00 4,944,942.78 Treasury Discounts-Amortizing 912795WV9 3327 United States Treasury Bills 3.720 03/30/2006 0.00 2,000,000.00 Portfolio CITY AP Run Date:04/13/2006-11:47 PM(PRF_PM3)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity By Type March 1, 2006 through March 31, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Treasury Discounts-Amortizing 912795WT4 3336 United States Treasury Bills 3.880 03/16/2006 0.00 2,000,000.00 912795W R8 3340 United States Treasury Bills 3.816 03/02/2006 0.00 2,000,000.00 912795XX4 3371 United States Treasury Bills 4.620 03/30/2006 1,953,286.00 0.00 Subtotal 1,953,286.00 6,000,000.00 13,827,804.76 Total 20,403,407.66 25,000,000.00 194,992,374.38 Portfolio CITY AP Run Date:04/13/2006-11:47 PM(PRF_PM3)SyrnRept 6,41.202 City of HB Portfolio Management Page Activity Summary March 2005 through March 2006 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity March 2005 74 165,573,718.20 2.864 2.903 2.542 4 3 743 512 April 2005 75 167,640,670.68 2.895 2.936 2.724 4 3 707 471 May 2005 82 183,991,887,77 3.033 3.075 2.856 12 5 699 465 June 2005 83 190,107,380.21 3.109 3.152 2.967 3 2 711 460 July 2005 79 183,248,494.10 3.159 3.202 3.083 2 6 747 462 August 2005 75 176,696,907.30 3.181 3.226 3.179 0 4 747 442 September 2005 73 173,309,998.31 3.278 3.323 3.324 9 11 745 435 October 2005 72 173,891,765.10 3.315 3.361 3.458 3 4 766 425 November 2005 74 170,429,038.72 3.415 3.462 3.636 7 5 740 398 December 2005 80 182,125,168.68 3.559 3.608 3.808 12 6 685 361 January 2006 87 199,324,742.82 3.663 3.714 3.955 8 1 640 321 February 2006 84 202,298,159.37 3.699 3.750 4.043 6 9 658 315 March 2006 83 195,532,018.71 3.756 3.808 4.142 9 10 680 313 Average 79 181,769,916.37 3.302% 3.348% 3.363 6 5 713 414 Portfolio CITY AP Run Date:04/13/2006-11:47 PM(PRF_PM4)SymRepl 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type March 2005 through March 2006 March April May June July August September October November December January February March Average Security Type 2005 2005 2005 2005 2005 2005 2005 2005 2005 2005 2006 2006 2006 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 51.5 48.9 49.3 50.8 52.5 53.1 52.4 55.1 54.4 51.1 46.6 47.9 52.0 51.2% Local Agency Investment Funds 19.2 20.7 19.5 19.4 17.5 21.1 22.8 21.7 22.7 20.9 19.5 19.8 19.0 20.3 Treasury Securities-Coupon 8.9 8.6 7.9 7.8 7.3 6.8 8.0 8.2 8.0 7.3 7.8 8.0 8.2 7.9% Medium Term Notes 1.5 1.4 1.3 1.3 1.4 1.4 1.4 1.5 1.4 0.5 0.5 0.5 0.5 1.1% Negotiable CD's Certificates of Deposit-Bank - -....._ -... _.......- -..... - ...... -. _.............................-- _.... - ........ ..... -- ._... - _ Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 5.9 3.4 6.3 6.2 7.8 5.7 6.8 4.7 5.7 10.9 11.1 9.4 10.7 7.3% Federal Agency Disc.-Amortizing 2.3 5.7 5.7 6.2 4.5 2.3 2.4 3.9 5:5 2.5 3.2% Treasury Discounts-Amortizing 13.0 14.8 10.0 8.8 7.3 7.4 6.3 6.5 7.9 9.3 10.6 8.9 7.1 9.1% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:04/13/2006-11:47 PM(PRF_PM5)SymRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 3/31/2006 United States Treasury: Bills $ 2,211,692,263.23 $ 2,229,629,888.38 $ 2,230,018,000.00 NA Notes $ 3,416,271,696.92 $ 3,416,150,149.96 $ 3,405,932,750.00 $ 23,245,315.50 Federal Agency: SBA $ 734,688,918.84 $ 734,555,872.53 $ 728,034,178.41 $ 5,615,608.66 MBS $ 722,746,975.18 $ 722,746,975.18 $ 691,976,738.16 $ 3,175,222.37 Bonds $ 8,757,621,505.11 $ 8,756,354,213.64 $ 8,695,762,406.21 $ 59,101,730.27 Floaters $ - $ - $ - $ - Discount Notes $ 3,854,367,090.37 $ 3,905,955,569.47 $ 3,905,962,500.00 NA FHLMC PC $ 1,360,564.52 $ 1,360,564.52 $ 1,416,630.92 $ 21,957.75 GNMA $ 251,000.96 $ 251,000.96 $ 277,207.15 $ 2,498.83 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 1,424,997,882.18 $ 1,424,997,882.18 $ 1,424,380,386.00 $ 8,417,270.84 CDs $ 8,575,071,546.50 $ 8,575,071,546.50 $ 8,570,502,157.40 $ 69,220,739.61 Commercial Paper $ 6,122,914,553.83 $ 6,152,131,455.98 $ 6,151,464,486.40 NA Corporate: Floaters $ 154,388,691.13 $ 154,388,691.13 $ 154,275,469.10 $ 880,513.42 Bonds $ 664,895,029.20 $ 664,828,820.86 $ 654,086,933.07 $ 6,019,721.90 Repurchase Agreement $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 7,833,995,000.00 $ 7,833,995,000.00 $ 7,833,995,000.00 NA AB 55&GF Loans $ 7,070,656,416.25 $ 7,070,656,416.25 $ 7,070,656,416.25 NA TOTAL $ 51,545,919,134.22 $ 51,643,074,047.54 $ 51,518,741,259.07 $ 175,700,579.15 Fair Value Including Accrued Interest $ 51,694,441,838.22 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost(.997592460). As an example: if an agency has an account balance of$20,000,000.00, then the agency would report its participation in the LAIF valued at $19,951,849.19 or$20,000,000.00 x .997592460. Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of February 28,2006 Summary of investments by type Market Value Market Value Par Value Investment Type as of 1/31/06 as of 2/28/06 $6,748,219 Local Agency Investment Fund(LAIF) $8,937,231 $6,748,219 $0 Federal Agency Issues $0 $0 $8,190,455 Investment Agreements $8,190,455 $8,190,455 $4,830,228 Money Market Funds $4,994,657 $4,830,228 $330,488 US Treasury Securities $330,488 $330,488 $20,099,391 $22,452,831 $20,099,391 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 1/31/06 as of 2/28/06 $322,904 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $3,397,124 $322,904 $6,296,278 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $6,211,358 $6,296,278 $1,649,834 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $2,060,576 $1,649,834 $662,964 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $516,291 $662,964 $2,718,311 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,046,059 $2,718,311 $2,696,261 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $3,183,110 $2,696,261 $1,766,857 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,261,828 $1,766,857 $175,532 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $175,531 $175,532 $1,985,636 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,635,868 $1,985,636 $761,544 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $950,949 $761,544 $873,310 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $873,308 $873,310 $141,807 City of Huntington Beach- Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $140,394 $141,807 $48,151 HB Public Finance Authority 1992 Revenue Bonds $48,151 $48,151 $20,099,391 $22,500,546 $20,099,391 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2006 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (9-30-05) (12-31-05) ICMA Retirement Corporation (457 Plan) $20,508,562 $661,106 ($529,130) $462,735 ($96) $21,103,177 ICMA Retirement Corporation (401 Plan) $527,361 $23,562 $0 $11,014 $0 $561,938 Nationwide Retirement Solutions (457 Plan) $48,861,935 $862,433 ($720,135) $913,514 ($100) $49,917,647 Trust Deeds $17,532 $0 $0 $0 $0 $17,532 Total Deferred Compensation Plan Balances $69,915,390 $1,547,101 ($1,249,265) $1,387,263 ($196) $71,600,294 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA TREASURER' S „j � r Shari L . Freidenrich , CPA, CCMT , CPFA May 1 , 2006 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Balance Trends Portfolio Balances by Type $110M $102M $119M $168M $192M $191 M $195M 100% ■ US Treas 80% ■ Med Notes 60% ■ LAIF ■ Fed Ag. 40% EJ CP 20% M Repur. ink 0% --M Slide 2 Mar-02 Mar-03 Mar-04 Mar-05 Jun-05 Dec-05 Mar-06 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Percentages By Type of Investment Treasury Securities - Disc. Federal Agencies 7% 52% Commercial Paper 11% Fed. Agcy - Discount 2% Slide 3 Treasury Sec. goo Medium Notes LAW 1% 19% Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Liquidity Investment Maturities by Days, Ending March 2005/2006 1 Day 40% 35% 2-180 Days 30% o 22 /0 15% .5 - 1 Yr. 16% M 1 - 1 .5 Yr. 20% 11% 14% 5 /o 0 14% 0 1 .5 - 2 Yr. 02 - 3Yr. 10 /o 1% 03 - 4 Yr. OM 0% o 0 0 . o 0 0 0 4 5 Yr. 19 /0 3 /0 14 /0 2 /0 19 /0 7 /0 3 /0 Slide 4 2005 2006 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $209000,000 $10,000,000 $0 �$725,803) ($10,0009000) ($7,797,586) ($2090001000) ($18,287,873) ($209470,532) $211918 850 ($21 ,8029016) ($3%00%000) Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Slide 5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Yields Trends 5.00% 3.94% 0 4.29°/ 3.45 /o 2.88% 0 3.61 /o 4.00% 2.78% 3.04% 2.68% 3.00% 2.00% Nam, E 1.00% 0.00% Mar-05 Jun-05 Dec-05 Mar-06 Slide 6 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Summary of Investment by City Fund March 31 , 2006 $1,539,977 $311609,828 $33,055,479 $28,888,061 ($3,031,847) ' $22,726,50 $821120,210 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Summary • Recommendation to City Council Slide 8 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: March 2006 Investment Summary Report COUNCIL MEETING DATE: May 1 , 2006 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not ApplicablekLl Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Attached ❑ Contract/Agreement (w/exhibits if applicable) Not Applicable (Signed in full by the City Attorney) Attached ❑ Subleases, Third Party Agreements, etc. Not Applicable (Approved as to form by City Attorney) Certificates of Insurance (Approved b the City Attome Attached ❑ ( Pp Y Y Y) Not Applicable Attached ❑ Fiscal Impact Statement (Unbudget, over $5,000) Not Applicable Attached ❑ Bonds (If applicable) Not Applicable Attached ❑ Staff Report (If applicable) Not Applicable Commission, Board or Committee Report If applicable) Attached ❑ p ( Pp ) Not Applicable Attached ❑ Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff Assistant City Administrator (Initial) ( ) City Administrator (Initial) ( ) City Clerk EXPLANATION FOR RETURN OF ITEM: (Below Space For City Clerk's Use Only) RCA Author: SLF ..Y 35 OU :€ ` :!TY dACH Council/Agency Meeting Held: h� Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied • City a 's SAnat Council Meeting Date: 06/19/06 Department 1 umber: CT06-11 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASURE PREPARED BY: SHARI L. FREIDENRICH, CITY TREASUF�F SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S APRIL 2006 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for April 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for April 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not Applicable Environmental Status: Not Applicable Attachment(s): City Clerk's - . - Number No. Description f 1. Monthly Investment Report and Summary of Investments for April 2006 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. 1 Aril 2006 PowerPoint Presentation Monthly Investment Report and Summary of Investments for April 2006 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for April 2006 City Investment Portfolio: March April Inc./(Dec.) End of month City Portfolio Balance $194,992,374 $206,863,605 $11,871,231 End of month General Fund Balance $31,609,828 $39,898,693 $8,288,865 Earned Interest Yield Average 3.75% 3.91% 0.16% Average Maturity( in days) 313 290 (23) End of Month Market Value $192,787,398 $204,696,067 $11,908,669 End of month bank cash balance $5,107,839 $3,906,805 ($1,201,034) Bond Proceeds Investments:" March Aprl Inc./(Dec.) End of Month Bond Reserve Par Value $19,968,837 $19,114,594 ($854,243) End of Month Bond Reserve Market Value $19,968,837 $19,114,594 ($854,243) Deferred Compensation Investments:`* December March Inc./(Dec.) Participant Balances $71,600,294 $74,460,715 $2,860,421 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $247,750 $645,631 $397,881 Interest Earned Year to Date $1,734,250 $4,014,829 $2,280,579 Earned Interest Yield Year to Date 3.25% 3.66% 0.41% *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation Statements are issued quarterly and may lag by one quarter. Summary by Individual Investment in City Investment Portfolio: Days Int. April %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $101,454,407 49% None 491 3.44% Local Agency Inv. Fund(LAIF) $38,978,943 19% $40 million 1 4.31% Treasury Securities-Coupon $23,828,481 11% None 301 4.06% Medium Term Notes $999,990 1% 20% 9 5.80% Commercial Paper Disc. -Amortizing $20,761,989 10% 25% 85 4.88% Federal Agency Disc.-Amortizing $6,962,072 3% None 42 4.74% Treasury Discounts-Amortizing $13,877,721 7% None 72 4.43% $206,863,605 100% 290 3.94% } t City of HB Portfolio Management Portfolio Summary April 30, 2006 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 101,490,000.00 99,508,884.00 101,454,407.07 49.04 1,106 491 3.397 3,444 Local Agency Investment Funds 38,978,943.44 38,978,943.44 38,978,943.44 18.84 1 1 4.246 4.305 Treasury Securities-Coupon 24,000,000.00 23,623,640.00 23,828,481.34 11.52 598 $01 3,999 4.055 Medium Term Notes 1,000,000,00 1,000,100,00 999,990,35 0,48 1,826 9 5,720 5.799 Commercial Paper Disc.-Amortizing 21,000,000.00 20,753,120.00 20,761,989.45 10.04 155 85 4,817 4.884 Federal Agency Disc.-Amortizing 7,000,000.00 6,960,000,00 6,962,072.22 3,37 90 42 4.670 4,735 Treasury Discounts-Amortizing 14,000,000.00 13,871,380.00 13,877,721.24 6.71 176 72 4.370 4.430 207,468,943.44 204,696,067.44 206,863,605.11 100.00% 651 290 3.888 3.942 Investments Cash and Accrued Interest Accrued Interest at Purchase 111,645,04 111,645.04 Subtotal 111,645.04 111,645.04 Total Cash and Investments 207,468,943.44 204,807,712.48 206,975,250.15 651 290 3.888 3.942 Total Earnings April 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 645,631.07 4,014,829.22 Current Budget 247,750.00 1,734,250.00 2,973,000.00 Last Year Actual 410,960.33 2,536,706.39 4,935,645.34 Average Daily Balance 200,664,711.64 189,029,460.04 Effective Rate of Return 3.91% 3,66% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 19,2005. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and Interactive Data Corporation. FREIDENRP H,CITY TREASURER Reporting period 04/01/2006-04130/2006 Portfolio CITY AP Run Date:05/16/2006.17:05 PM(PRF_PM1)SymRepl6.41,202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments April 30, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues•Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1,980,000.00 2,000,000.00 2.730 AAA 2.730 150 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 981,560.00 1,000,000.00 2.850 AAA 2.850 295 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 969,380.00 1,000,000.00 3,500 AAA 3,600 715 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,945,620,00 2,000,000.00 4,000 AAA 4.000 911 10/2812008 31331SGHO 3276 Federal Farm Credit Bank 12M5/2004 2,000,000.00 1,942,500.00 2,000,000.00 4.000 AAA 4.000 959 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,958,120.00 2,000,000.00 3.700 AAA 3.700 550 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,964,380,00 1,998,794.99 4.620 AAA 4.642 1,099 05/04/2009 31331SXV0 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,963,120,00 2,000,000.00 4.450 AAA 4,450 938 11/24/2008 31331SXP3 3310 Federal Farm Credit Bank 05/23/2005 2,000,000.00 1,998,120.00 2,000,000.00 3.660 AAA 3.650 22 05/23/2006 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000,00 1,937,500.00 2,000,000.00 4.480 AAA 4.480 1,512 06/21/2010 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,922,500.00 2,000,000,00 3.020 AAA 3.020 707 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000,00 1,952,500.00 2,000,000.00 2.400 AAA 2.400 319 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,952,500.00 2,000,000,00 2.270 AAA 2.270 267 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,923,120.00 2,000,000.00 3.320 AAA 3.320 819 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,905,000.00 2,000,000.00 2.900 AAA 2.900 820 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,800,864.00 1,850,000.00 4.000 AAA 4.000 882 09/29/2008 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,107,900.00 2,135,313.16 2,375 AAA 2.805 196 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 990,000,00 1,000,000.00 2,640 AAA 2.641 151 09129/2006 3133X42E0 3207 Federal Home.Loan Bank 02/20/2004 2,000,000.00 1,965,620.00 2,000,000.00 3,000 AAA 3,000 295 02/20/2007 3133XSHE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,944,380.00 2,000,000,00 2.800 AAA 2.801 441 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,959,380.00 2,000,000.00 3.070 AAA 3.070 361 04/27/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,476,090.00 1,493,992,88 2,750 AAA 3,390 241 12/28/2006 3133X80N5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,948,760.00 2,000,000.00 3.260 AAA 3.260 515 09/28/2007 3133X9GC8 3269 Federal Home Loan Bank 11/30/2004 2,000,000.00 1,986,260.00 2,000,000.00 3.000 AAA 3.000 121 08/30/2006 3133X9NH9 3272 Federal Home Loan Bank 11/30/2004 2,000,000.00 1,986,880.00 2,000,000.00 3.080 AAA 3.080 121 08/30/2006 3133X9TP5 3277 Federal Home Loan Bank 12/28/2004 2,000,000.00 1,975,620.00 2,000,000,00 3.345 AAA 3,345 241 12/28/2006 3133X9UT5 3278 Federal Home Loan Bank 12/29/2004 2,000,000.00 1,985,000.00 2,000,000.00 3,280 AAA 3.280 151 09129/2006 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,975,620.00 2,000,000.00 4,010 AAA 4.010 389 05/25/2007 3133XC3S0 3315 Federal Home Loan Bank 06/29/2005 2,000,000.00 1,988,120.00 2,000,000.00 3.760 AAA 3,760 151 09/29/2006 3133XDV81 3331 Federal Home Loan Bank 11/30/2005 2,000,000.00 1,995,620.00 2,000,000.00 4.560 AAA 4.560 121 08/30/2006 3133XEA82 3341 Federal Home Loan Bank 12/29/2005 2,000,000.00 1,995,000.00 2,000,000.00 4,625 AAA 4.625 151 09/29/2006 3133XEXU8 3365 Federal Home Loan Bank 03/28/2006 2,000,000.00 1,995,620.00 2,000,000.00 5.100 AAA 5,100 515 09/28/2007 3133XF4C7 3367 Federal Home Loan Bank 03/29/2006 2,000,000.00 1,996,260.00 2,000,000.00 5.000 AAA 5.000 273 01/29/2007 312BXlRJB 3168 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,910,760.00 2,000,000.00 3.000 AAA 3,000 813 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,929,780.00 2,000,000.00 3.000 AAA 3,000 632 01/23/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1,000,000.00 995,810.00 1,000,000.00 2.625 AAA 2.625 60 06/30/2006 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,963,060.00 2,001,054.84 2.750 AAA 2.678 284 02/09/2007 Portfolio CITY AP Run Dale:05/16/2006-17:05 PM(PRF_PM2)SyrnRepl 6,41.202 Report Ver.5.00 City of HB Portfolio Management Page Portfolio Details - Investments April 30, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3128X1DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1,968,120.00 2,001,087.84 2.500 AAA 2.404 217 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,963,060.00 2,001,943.30 2.750 AAA 2.618 284 02/09/2007 312BX3091 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,941,460.00 2,000,000.00 3.560 AAA 3,560 725 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,932,000.00 2,000,000.00 4.126 AAA 4.125 1,297 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,940,740.00 2,000,000.00 3.600 AAA 3.600 752 05/22/2008 3128X1WM5 3368 Federal Home Loan Mort Corp 03/22/2006 2,000,000.00 1,987,040.00 1,988,487.73 2.650 AAA 4,917 95 08/04/2006 3128X4AK7 3374 Federal Home Loan Mort Corp 04/20/2006 2,000,000.00 1,984,340.00 1,985,748.10 3,760 AAA 4.794 198 11/16/2006 3136F3VT0 3193 Fed.Nat'l Mort,Assoc. 12/11/2003 2,000,000,00 1,990,620.00 1,998,793.01 2.100 AAA 2.510 56 06/26/2006 3136F4J54 3201 Fed.Nat'l Mort,Assoc. 12/29/2003 2,000,000.00 1,971,260.00 2,000,000,00 3,000 AAA 3.000 242 12/29/2006 31359MSV6 3221 Fed.Narl Mort.Assoc. 03/22/2004 2,000,000.00 1,986,880.00 2,001,282.89 2.760 AAA 2,510 102 08/11/2006 3136F5KW0 3223 Fed.Narl Mort.Assoc. 03/30/2004 2,000,000.00 1,916,880.00 2,000,000.00 3.610 AAA 3.610 1,064 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,926,260.00 1,997,908.33 3.250 AAA 2.052 765 06/04/2008 3136F6EY1 3258 Fed,Nat'l Mort.Assoc. 10/12/2004 2,000,000.00 1,991,260.00 2,000,000.00 3.000 AAA 2,875 72 07/12/2006 3136F6FY0 3259 Fed.Narl Mort.Assoc. 09/29/2004 2,000,000.00 1,939,380.00 2,000,000.00 4.250 AAA 4.250 1,247 09/29/2009 3136F6MN6 3258 Fed.Narl Mort.Assoc. 11/23/2004 2,000,000.00 1,944,380.00 2,000,000.00 3,700 AAA 3,700 753 05/23/2008 3136F6PB9 3273 Fed,Narl Mort.Assoc. 11/19/2004 2,000,000.00 1,956,880.00 2,000,000,00 3.700 AAA 3.080 567 11/19/2007 Subtotal and Average 101,927,490.69 101,490,000.00 99,508,884.00 101,454,407.07 3.444 491 Local Agency Investment Funds SYS982 982 Laif City 19,992,980.29 19,992,980.29 19,992,980.29 4.305 NR 4,305 1 SYS2206 2206 LAIF-Redevelopment Agency 18,985,963.15 18,985,963.15 18,985,963.15 4.306 NR 4.305 1 Subtotal and Average 39,083,046.25 38,978,943.44 38,978,943.44 38,978,943.44 4.305 1 Treasury Securities-Coupon 912828CG3 3235 US Treasury Notes 05/17/2004 2,000,000.00 1,963,680.00 1,998,524.09 3.125 AAA 3.195 379 05/15/2007 912828ANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,944,220.00 1,986,239.53 3.000 AAA 3.473 563 11/15/2007 9128277F3 3246 US Treasury Notes 06/14/2004 2,000,000.00 1,984,380.00 2,004,409.64 3.500 AAA 3.068 198 11/15/2006 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,944,220.00 1,998,243.65 3.000 AAA 3.060 563 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,946,260.00 1,992,845.05 2.750 AAA 3.034 471 08/15/2007 912828CK4 3322 US Treasury Notes 09/23/2006 2,000,000.00 1,996,260.00 1,997,862.50 2.500 AAA 3.824 30 05/31/2006 912828CU2 3350 US Treasury Notes 01/06/2006 2,000,000.00 1,983,440.00 1,986,809.07 2.375 AAA 4,403 122 08/31/2006 912828BY5 3375 US Treasury Notes 04/20/2006 2,000,000.00 1,958,200,00 1,958,752.08 2.250 AAA 4.931 290 02/15/2007 912828CY4 3376 US Treasury Notes 04/20/2006 2,000,000.00 1,976,100.00 1,976,417.53 2.500 AAA 4.928 183 10/31/2006 912828DJ6 3377 US Treasury Notes 04/20/2006 2,000,000.00 1,973,040.00 1,973,557.69 3.125 AAA 4.933 275 01/31/2007 912828BP4 3381 US Treasury Notes 04/21/2006 2,000,000.00 1,975,320.00 1,975,755.71 2.625 AAA 4.929 198 11/15/2006 912828DQO 3382 US Treasury Notes 04/21/2006 2,000,000.00 1,978,520,00 1,979,064,80 3,750 AAA 4.932 334 03/31/2007 Portfolio CITY AP Run Oale:06/16/2006.17:05 PM(PRF PM2)SyrnRepl 6.41,202 City of HB Portfolio Management Page 4 Portfolio Details - Investments April 30, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Subtotal and Average 19,378,929.83 24,000,000.00 23,623,640.00 23,828,481.34 4.055 301 Medium Term Notes 172967BF7 3013 Citigroup 06/10/2001 1,000,000.00 11000,100.00 999,990.35 5.750 As 5.799 9 05/10/2006 Subtotal and Average 999,974.80 1,000,000.00 1,000,100.00 999,990.35 5,799 9 Commercial Paper Disc,-Amortizing 03523DF16 3359 Anheuser Busch 02/09/2006 2,000,000.00 1,991,560.00 1,992,181.11 4,540 P-1 4.669 31 06/01/2006 17307SFW7 3342 Citigroup Global 12/20/2005 3,000,000.00 2,975,400.00 2,977,500.00 4.500 P-1 4.725 60 06/30/2006 17307SFP2 3369 Citgroup Global 03/24/2006 2,000,000.00 1,985,520.00 1,985,778,34 4.630 P-1 4.958 53 06/23/2006 36959JGE7 3345 General Electric Capital Corp 12/21/2005 2,000,000.00 1,979,600.00 1,981,582.22 4,480 P-1 4.709 74 07/14/2006 36959JFT5 3366 General Electric Capital Corp 03/22/2006 2,000,000.00 1,984,420.00 1,984,863.33 4,780 P-1 4.910 57 06/27/2006 36959JFC2 3372 General Electric Capital Corp 03/30/2006 2,000,000.00 1,988,560.00 1,988,753.33 4.820 P-1 4,936 42 06/12/2006 36959JM18 3379 General Electric Capital Corp 04/21/2006 2,000,000.00 1,940,680.00 1,940,555.56 5.000 P-1 5.299 214 12/01/2006 36959JL35 3380 General Electric Capital Corp 04/21/2006 2,000,000.00 1,948,440.00 1,948,333.34 5.000 P-1 5,291 186 11/03/2006 82434UGJO 3351 Sherwin-Williams 01/06/2006 2,000,000.00 1,978,500.00 1,980,586.66 4,480 P-1 4.681 78 07/18/2006 82434UG87 3360 Sherwin-Williams 02/09/2006 2,000,000,00 1,980,440.00 1,981,855.56 4.600 P-1 4.756 71 07/11/2006 Subtotal and Average 19,136,490.74 21,000,000.00 20,753,120.00 20,761,989,45 4.884 85 Federal Agency Disc.-Amortizing 313313WP9 3373 Federal Farm Credit Bank 04/11/2006 2,000,000.00 1,997,800.00 1,997,937.78 4.640 AAA 4.721 8 05/09/2006 313397ZX2 3363 Federal Home Loan Mort Corp 02/28/2006 3,000,000.00 2,964,000.00 2,965,900.00 4,650 AAA 4,808 88 07/28/2006 313589WN9 3364 Fed.Nat'l Mort.Assoc. 03/06/2006 2,000,000,00 1,998,200.00 1,998,234.44 4.540 AAA 4.640 7 05/08/2006 Subtotal and Average 6,285,184.40 7,000,000,00 6,960,000.00 6,962,072.22 4.735 42 Treasury Discounts-Amortizing 912795XG1 3346 United States Treasury Bills 12/21/2005 2,000,000.00 1,988,680.00 1,989,562.56 4.175 AAA 4.321 45 06/15/2006 912795XF3 3347 United States Treasury Bills 12/21/2005 2,000,000.00 1,9901,500.00 1,991,249.66 4.145 AAA 4.286 38 06/06/2006 912795XE6 3348 United States Treasury Bills 12/22/2005 2,000,000.00 1,992,280.00 1,992,921.67 4.110 AAA 4.245 31 06/01/2006 912795XK2 3352 United States Treasury Bills 01/06/2006 2,000,000.00 1,983,260.00 1,984,636,95 4.190 AAA 4.340 66 07/06/2006 912795XM8 3353 United States Treasury Bills 01/19/2006 2,000,000,00 1,979,660.00 1,980,933.63 4.290 AAA 4.446 80 07/20/2006 912795XP1 3358 United States Treasury Bills 02/02/2006 2,000,000.00 1,975,840.00 1,976,917.32 4.420 AAA 4.584 94 08/03/2006 912795XX4 3371 United States Treasury Bills 03/30/2006 2,000,000.00 1,961,160.00 1,961,499.45 4.620 AAA 4,796 150 09/28/2006 Subtotal and Average 13,853,594.93 14,000,000.00 13,871,380.00 13,877,721.24 4.430 72 Portfolio CITY Run Data:05/18/2006-17:05 AP PM(PRF PM2)SyrnRepl 6.41,202 City of HB Portfolio Management Pages Portfolio Details - Investments April 30, 2006 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Total and Average 200,664,711.64 207,468,943,44 204,696,067.44 206,863,605.11 3.942 290 Portfolio CITY AP Run Dale:05/16/2006-17:05 PM(PRF PM2)SymRepl 6.41.202 City of HB Portfolio Management Page Portfolio Details - Cash April 30, 2006 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 111,645.04 111,645.04 0 Subtotal 111,645.04 111,645.04 Total Cash and Investmentss 200,664,711.64 207,468,943.44 204,807,712.48 206,975,250.15 3.942 290 Portfolio CITY AP Run Date:05/16/2006.17:05 PM(PRF PM2)SymRept 6.41.202 City of HB, Portfolio Management Page 7 Activity By Type April 1, 2006 through April 30, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133XDFK2 3328 Federal Home Loan Bank 4,100 04/27/2006 0.00 2,000,000.00 3128X4AK7 3374 Federal Home Loan Mort Corp 3,750 04/20/2006 1,984,940.00 0.00 Subtotal 1,984,940.00 2,000,000.00 101,454,407.07 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 4.305 2,197,814.29 200,000.00 SYS2206 2206 LAIF-Redevelopment Agency 4.305 7,192,717.69 7,200,000.00 Subtotal 9,390,531.98 7,400,000,00 38,978,943.44 Treasury Securities-Coupon 912828CF5 3234 US Treasury Notes 2.250 04/30/2006 0.00 2,000,000.00 912828BY5 3375 US Treasury Notes 2.250 04/20/2006 1,957,187.50 0.00 912828CY4 3376 US Treasury Notes 2.500 04/20/2006 1,975,000.00 0.00 912828DJ6 3377 US Treasury Notes 3.125 04/20/2006 1,972,500,00 0,00 912828BP4 3381 US Treasury Notes 2.625 04/21/2006 1,974,531.25 0.00 912828DOO 3382 US Treasury Notes 3.750 04/21/2006 1,978,438.00 0.00 Subtotal 9,857,656.75 2,000,000.00 23,828,481,34 Medium Term Notes Subtotal 999,990.35 Commercial Paper Disc.-Amortizing 17307SD74 3370 Citigroup Global 4.700 04/07/2006 0.00 2,000,000,00 36959JDA8 3361 General Electric Capital Corp 4.500 04/1.0/2006 0.00 2,000,000.00 36959JM18 3379 General Electric Capital Corp 5,000 04/21/2006 1,937,777.78 0.00 36959JL35 3380 General Electric Capital Corp 5.000 04/21/2006 1,945,555.56 0.00 Subtotal 3,883,333.34 4,000,000.00 20,761,989.45 Federal Agency Disc.-Amortizing 313313W P9 3373 Federal Farm Credit Bank 4,640 04/11/2006 1,992,782.22 0.00 Subtotal 1,992,782.22 0.00 6,962,072.22 Treasury Discounts-Amortizing Subtotal 13,877,721.24 Total 27,109,244.29 15,400,000.00 206,863,605.11 Portfolio CITY AP Run Date:05/16/2006-17:05 PM(PRF_PM3)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 6 Activity Summary April 2005 through April 2006 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity April 2005 75 167,640,670.68 2.895 2.936 2.724 4 3 707 471 May 2005 82 183,991,887.77 3.033 3.075 2.856 12 5 699 465 June 2005 83 190,107,380.21 3.109 3.152 2.967 3 2 711 460 July 2005 79 183,248,494.10 3.159 3.202 3.083 2 6 747 462 August 2005 75 176,696,907.30 3.181 3,226 3.179 0 4 747 442 September 2005 73 173,309,998.31 3.278 3.323 3.324 9 11 745 435 October 2005 72 173,891,765.10 3.315 3.361 3.458 3 4 766 425 November 2005 74 170,429,038.72 3.415 3.462 3.636 7 5 740 398 December 2005 80 182,125,168.68 3.559 3.608 3.808 12 6 685 361 January 2006 87 199,324,742.82 3,663 3.714 3,955 8 1 640 321 February 2006 84 202,298,159.37 3,699 3.750 4,043 6 9 658 315 March 2006 83 195,532,018.71 3.756 3,808 4.142 9 10 680 313 April 2006 88 200,664,711.64 3,888 3.942 4.305 9 4 651 290 Average 80 184,476,058.15 3.381% 3.428% 3.498 6 5 706 397 Portfolio CITY AP Run Date:06/16/2006-17:05 PM(PRF PM4)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Pages Distribution of Investments By Type April 2005 through April 2006 April May June July August September October November December January February March April Average Security Type 2005 2005 2005 2005 2005 2005 2005 2005 2005 2006 2006 2006 2006 by Period Repurchase Agreements Certificates of Deposit . ................................................................................................................................................................................................................................................................................................................................................................................................... Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 48.9 49.3 50.8 52.5 53.1 52.4 55.1 54.4 51.1 46.6 47.9 52.0 49.0 51.0% ......................-.................................................................................................................................................... ......................................................................................................................................................................................................--............ Local Agency Investment Funds 20.7 19.5 19A 17.5 21.1 22.8 21.7 22.7 20.9 19.5 19.8 19.0 18.8 20.3% Treasury Securities-Coupon 8.6 7.9 7.8 7.3 6.8 8.0 8.2 8.0 7.3 7.8 8.0 8.2 11.5 8.1% ......................................................................................................................................................................................................................................_........................................................_..............................................._................................_............ Medium Term Notes 1.4 1.3 1.3 1.4 1.4 1.4 1.5 1.4 0.5 0.5 0.5 0.5 0.5 1.1% ................................................................................................................................................................................................................................................................................................................................................................................................... Negotiable CD's ........................................................................................................................................_...._................................................................................................................................................................................................................._........ ........... Certificates of Deposit-Bank ... ..........................................................................................................................................................................-..........................................................................................:.:.............................................................................................................. Mortgage Backed Securities ..................................................................................................................................................................................................................................................................................................................................................................... .......... Bankers Acceptances-Amortizing .................................................................................:............................................................................................................................................................................................................................................................................................................. Commercial Paper Disc.-Amortizing 3.4 6.3 6.2 7.8 5,7 6.8 4.7 5.7 10.9 11.1 9.4 10.7 10.0 7.6% ....................................................................._......................................................................_............._._............................_........................................................................................_.......................................................................1 ......_...I.....I.... Federal Agency Disc.-Amortizing 2.3 5.7 5.7 6.2 4.5 2.3 2.4 3.9 5.5 2.5 3.4 3.4% _.....-........_..._......... ..................................... ................................................................................................... _ _.................... ....................... ............................................................................_...._..................................................................................... Treasury Discounts-Amortizing 14.8 10.0 8.8 7.3 7.4 6.3 6.5 7.9 9.3 10.6 8.9 7.1 6.7 8.6% ........._........_...__ ................ ............_..............................................................................................._............................._......,._......................_ _.................... ...................................._ _....................................... .........,...._............................................._.... Miscellaneous Discounts-Amortizing ............I...................... .................................................................................................................................................................................................................................................................................................................. Rolling Repurchase Agreements _..........__...................................................._............................................................................................................... ........................................................................................................................................................._............................... Portfolio CITY AP Run Date:05/16/2006-17:05 PM(PRF_PM5)SymRept 8.41.202 Report Ver.5,00 State of California Pooled Money Investment Account Market Valuation 4F/330/2006 w Me s -' l- fuc' t United States Treasury: Bills $ 2,998,319,818.75 $ 3,025,078,000.00 NA Notes $ 2,520,615,033.96 $ 2,511,279,750.00 $ 18,758,254.00 Federal Agency: SBA $ 746,944,032.69 $ 740,167,324.00 $ 5,729,056.19 MBS $ 701,944,666.40 $ 671,128,749.15 $ 3,093,709.98 Bonds $ 9,508,372,582.77 $ 9,451,125,415.53 $ 79,330,642.39 Floaters $ - $ - $ - Discount Notes $ 5,021,549,908.43 $ 5,059,280,000.00 NA FHLMC PC $ 1,287,596.52 $ 1,336,267.21 $ 20,787.99 GNMA $ 247,889.20 $ 273,478.89 $ 2,467.99 Bankers Acceptances $ - $ - NA Bank Notes $ 1,809,999,147.38 $ 1,809,314,123.90 $ 12,449,519.46 CDs $ 11,557,398,500.86 $ 11,552,143,664.19 $ 79,346,289.66 Commercial Paper $ 11,820,656,783.67 $ 11,870,204,305.00 NA Corporate: Floaters $ 154,347,639.67 $ 154,331,403.80 $ 956,233.80 Bonds $ 762,533,919.59 $ 753,559,565.22 $ 9,657,503.44 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 7,770,995,000.00 $ 7,770,995,000.00 NA AB 55& GF Loans $ 6,963,283,993.41 $ 6,963,283,993.41 NA TOTAL $ 62,338,496,513.30 1 $ 62,333,501,040.30 $ 209,344,464.90 Fair Value Including Accrued Interest $ 62,542,845,505.20 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of April 30,2006 Summary of investments by type Market Value Market Value Par Value Investment Type as of 3/31/06 as of 4/30/06 $8,277,955 Local Agency Investment Fund(LAIF) $8,228,130 $8,277,955 $0 FedeFal Agency Issues $0 $0 $8,190,455 Investment Agreements $8,190,455 $8,190,455 $2,315,696 Money Market Funds $3,219,764 $2,315,696 $330,488 US Treasury Securities $330,488 $330,488 $19,114,594 $19,968,837 $19,114,594 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 3/31/06 as of 4/30/06 $2,535,983 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,535,041 $2,535,983 $4,795,170 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $5,614,438 $4,795,170 $1,649,836 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,835 $1,649,836 $514,117 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $515,544 $514,117 $2,041,976 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,041,790 $2,041,976 $2,696,756 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,696,493 $2,696,756 $1,289,527 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,286,578 $1,289,527 $174,185 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $218,928 $174,185 $1,586,763 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,586,089 $1,586,763 $761,556 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $761,550 $761,556 $873,319 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $873,315 $873,319 $147,255 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $141,085 $147,255 $48,151 HB Public Finance Authority 1992 Revenue Bonds $48,151 $48,151 $19,114,594 $19,968,837 $19,114,594 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2006 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (12-31-05) (3-31-06) ICMA Retirement Corporation (457 Plan) $21,103,177 $432,857 ($126,114) $809,595 ($1,150) $22,218,364 ICMA Retirement Corporation (401 Plan) $561,938 $30,764 $0 $28,679 $0 $621,382 Nationwide Retirement Solutions (457 Plan) $49,917,647 $1,027,594 ($881,531) $1,539,879 ($150) $51,603,438 Trust Deeds $17,532 $0 $0 $0 $0 $17,532 Total Deferred Compensation Plan Balances $71,600,294 $1,491,215 ($1,007,646) $2,378,152 ($1,300) $74,460,715 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA April Report �;4 l t' s dhj Shari L . Freidenrich , CPA, CCMT , CPFA June 19, 2006 i Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA April 2006 Investment Summary ( in millions) Financial Information: March April Inc./(Dec.) End of Month City Portfolio $199.418 $206.864 $7.446 End of Month Market Value $197.305 $204.696 $7.391 Interest Earned for Month $0.605 $0.646 $0.041 Earned Interest Yield Year to Date 3.58% 3.66% 0.08% Average Maturity ( in days) 315 290 (25) YTD Average Daily Balance $185.383 $189.029 $3.646 Summary by Type: April % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $101 .454 49% None 491 3.44% LAIF (State Pool) $38.979 19% $40 million 1 4.31 % U.S.Treasury Notes $23.829 11 % None 301 4.06% Medium Term Notes $1 .000 1 % 20% 9 5.80% Discount Comm. Paper $20.762 10% 25% 85 4.88% Discount Federal Agy $6.962 3% None 42 4.74% Discount Treasury Note $13.878 7% None 72 4.43% Total $206.864 100% 290 3.94% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT' April 2006 Investment Summary Report COUNCIL MEETING DATE: June 19, 2006 Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not A licable Resolution (w/exhibits & legislative draft if applicable) Attached Not Applicable ❑ Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached El Not Applicable (Signed in full by the City Attorney) Attached Subleases, Third Party Agreements, etc. Not Applicable (Approved as to form by City Attorne Certificates of Insurance (Approved b the City Attorne Attached ❑ ( pp Y Y Y) Not Ap licable Attached ❑ Fiscal Impact Statement (Unbudget, over $5,000) Not A plicable If applicable) Attached Bonds ❑ ( pp ) Not Applicable Attached ❑ Staff Report (If applicable) Not A plicable Commission, Board or Committee Report If applicable) Attached ❑ p ( pp ) Not Ap licable s/Conditions for Approval and/or Denial Attached Find ings/Conditions ❑ g pp Not Ap licable Administrative Staff Assistant City Administrator Initial City Administrator (initial) ( ) City Clerk (Below Space For City Clerk's Use Only) RCA Author: SLF P11 E F 2006 JUL -5 PH 5: 3 4 Council/Agency Meeting Held: CiT OF N' 'S CIA Deferred/Continued to: I At'30 A A- W64v'?/!-V-C-T )6:Approve� Ll Conditionally Approved U Denied t vs Sig ure ig — A f6r t Council Meeting Date: 07/17/06 Department ID Number: CT06-12 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASUq2_0V PREPARED BY: SHARI L. FREIDENRICH, CITY TREASUF& SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MAY 2006 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for May 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for May 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not Applicable Environmental Status: Not Applicable Attachment(s): City Clerk's Page Number No. Description 'X ij I q q 1. Monthly Investment Report and Summary of Investments for May 2006 w 111KI, 2 Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. May 2006 PowerPoint Presentation I C --3 ,4 _ Council/Agency Meeting Held: Def rred/Continued to: aft, Approved ❑ Conditionally Approved g`�benled _ City Clerk's Signature Council Meeting Date: 09/18/06 Department ID Number: CT06-17 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS r SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASURER PREPARED BY: SHARI L. FREIDENRICH, CITY TREASUR SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JULY 2006 INVESTMENT SUMMARY REPORT S tatement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for July 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for July 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not Applicable Environmental Status: Not Applicable Attachment(s): NumberCity Clerk's Page Description 1. Monthly Investment Report and Summary of Investments for July 2006 2. Schedule of Bond Investments 9 3. Deferred Compensation Plan Summary Information A 4. July 2006 PowerPoint Presentation Monthly Investment Report and Summary of Investments for May 2006 Attachment 1 , 11 E`'n5A I C F 7- 2006 JUL -S Psi 5 34 Council/Agency Meeting Held: � e r Deferred/Continued to: Approve ❑ Conditionally Approved ❑ Denied C er Sig tune Council Meeting Date: 07/17/06 Department ID Number: CT06-12 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASUI� PREPARED BY: SHARI L. FREIDENRICH, CITY TREASUF� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MAY 2006 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for May 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for May 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not Applicable Environmental Status: Not Applicable Attachment(s): City Clerk's . . - NumberDescription .� 1. Monthly Investment Report and Summary of Investments for May 2006 RE ' m 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. May 2006 PowerPoint Presentation -3A City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for May 2006 City Investment Portfolio: April May Inc./(Dec.) End of month City Portfolio Balance $208,863,605 $220,783,432 $11,919,827 End of month General Fund Balance $39,898,693 $49,490,059 $9,591,366 Earned Interest Yield Average 3.91% 4.00% 0.09% Average Maturity( in days) 290 270 (20) End of Month Market Value $206,696,067 $218,550,052 $11,853,984 End of month bank cash balance $3,906,805 $6,289,005 $2,382,201 Bond Proceeds Investments: April May Inc./(Dec.) End of Month Bond Reserve Par Value $19,114,594 $19,081,350 ($33,244) End of Month Bond Reserve Market Value $19,114,594 $19,081,350 ($33,244) Deferred Compensation Investments:* December March Inc./(Dec.) Participant Balances $71,600,294 $74,460,715 $2,860,421 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $247,750 $742,292 $494,542 Interest Earned Year to Date $1,982,000 $4,757,121 $2,775,121 Earned Interest Yield Year to Date 3.25% 3.72% 0.47% 'Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days Int. May %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $102,917,060 47% None 486 3.49% Local Agency Inv. Fund(LAIF) $38,428,943 17% $40 million 1 4.56% Treasury Securities-Coupon $23,845,459 11% None 275 4.13% Commercial Paper Disc.-Amortizing $30,764,448 14% 25% 55 4.97% Federal Agency Disc.-Amortizing $10,898,220 5% None 68 4.99% Treasury Discounts-Amortizing $13,929,302 6% None 41 4.43% $220,783,432 100% 270 4.09% � r Monthly Investment Report and Summary of Investments for May 2006 Attachment 1 City of HB Portfolio Management Portfolio Summary May 31, 2006 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 102,945,000.00 100,914,748.25 102,917,059.89 46.61 1,116 486 3.444 3.492 Local Agency Investment Funds 38,428,943.44 38,428,943.44 38,428,943,44 17.41 1 1 4,500 4,563 Treasury Securities-Coupon 24,000,000.00 23,629,540.00 23,845,458.67 10.80 584 275 4.072 4.128 Commercial Paper Disc.-Amortizing 31,000,000.00 30,755,760.00 30,764,448.34 13.93 130 55 4.899 4.967 Federal Agency Disc.-Amortizing 11,000,000.00 10,895,300.00 10,898,219.72 4.94 110 68 4.923 4.991 Treasury Discounts-Amortizing 14,000,000.00 13,925,760.00 13,929,301.59 6.31 176 41 4.370 4.430 221,373,943,44 218,550,051.69 220,783,431.65 100.00% 618 270 4.030 4.086 Investments Cash and Accrued Interest Accrued Interest at Purchase 72,880.91 72,880.91 Subtotal 72,880.91 72,880.91 Total Cash and Investments 221,373,943.44 218,622,932.60 220,856,312.56 618 270 4.030 4.086 Total Earnings May 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 742,291.61 4,757,120.83 Current Budget 247,750.00 1,982,000.00 2,973,000.00 Last Year Actual 469,812.81 3,006,519.20 4,935,645.34 Average Daily Balance 218,318,093.06 192,067,742.22 Effective R&e of Return 4.00% 3.72% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 19,2005. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and Interactive Data Corporation. . _3 FREIDEN ICH,CITY TREASURER Reporting period 05/01/2006-05/31/2006 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF PM1)SyrnRept 6.41.202 Report Ver.5.00 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for May 2006 City Investment Portfolio: April May Inc.l(Dec.) End of month City Portfolio Balance $208,863,605 $220,783,432 $11,919,827 End of month General Fund Balance $39,898,693 $49,490,059 $9,591,366 Earned Interest Yield Average 3.91% 4.00% 0.09% Average Maturity( in days) 290 270 (20) End of Month Market Value $206,696,067 $218,550,052 $11,853,984 End of month bank cash balance $3,906,805 $6,289,005 $2,382,201 Bond Proceeds Investments: April May Inc./(Dec.) End of Month Bond Reserve Par Value $19,114,594 $19,081,350 ($33,244) End of Month Bond Reserve Market Value $19,114,594 $19,081,350 ($33,244) Deferred Compensation Investments:* December March Inc./(Dec.) Participant Balances $71,600,294 $74,460,715 $2,860,421 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $247,750 $742,292 $494,542 Interest Earned Year to Date $1,982,000 $4,757,121 $2,775,121 Earned Interest Yield Year to Date 3.25% 3.72% 0.47% *Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days Int. May %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $102,917,060 47% None 486 3.49% Local Agency Inv. Fund(LAIF) $38,428,943 17% $40 million 1 4.56% Treasury Securities-Coupon $23,845,459 11% None 275 4.13% Commercial Paper Disc. -Amortizing $30,764,448 14% 25% 55 4.97% Federal Agency Disc.-Amortizing $10,898,220 5% None 68 4.99% Treasury Discounts-Amortizing $13,929,302 6% None 41 4.43% $220,783,432 100% 270 4.09% City of HB Portfolio Management Page 2 Portfolio Details - Investments May 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1,983,760.00 2,000,000.00 2.730 AAA 2.730 119 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 982,500.00 1,000,000.00 2,850 AAA 2.850 264 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 967,810.00 1,000,000.00 3.500 AAA 3.500 684 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,940,000.00 2,000,000.00 4.000 AAA 4.000 880 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,937,500.00 2,000,000.00 4.000 AAA 4.000 928 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,955,620.00 2,000,000.00 3,700 AAA 3.700 519 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,958,120.00 1,998,828.37 4.620 AAA 4.642 1,068 05/04/2009 31331SXVO 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,957,500.00 2,000,000.00 4.450 AAA 4.450 907 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,931,260.00 2,000,000.00 4,480 AAA 4.480 1,481 06/21/2010 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,919,380.00 2,000,000.00 3.020 AAA 3.020 676 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,954,380.00 2,000,000.00 2.400 AAA 2,400 288 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,956,260.00 2,000,000.00 2.270 AAA 2.270 236 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,919,380.00 2,000,000.00 3.320 AAA 3,320 788 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,902,500.00 2,000,000.00 2,900 AAA 2.900 789 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,796,239.00 1,850,000.00 4.000 AAA 4.000 851 09/29/2008 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000,00 2,111,923.20 2,136,045.48 2,375 AAA 2,805 165 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 991,880.00 1,000,000.00 2.640 AAA 2.641 120 09/29/2006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000,00 1,966,880.00 2,000,000.00 3.000 AAA 3.000 264 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,945,000.00 2,000,000.00 2.800 AAA 2.801 410 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,959,380.00 2,000,000.00 3.070 AAA 3,070 330 04/27/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,477,965.00 1,494,753.28 2,750 AAA 3.390 210 12/28/2006 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,947,500.00 2,000,000.00 3.260 AAA 3.260 484 09/28/2007 3133X9GC8 3269 Federal Home Loan Bank 11/30/2004 2,000,000.00 1,989,380.00 2,000,000.00 3,000 AAA 3,000 90 08/30/2006 3133X9NH9 3272 Federal Home Loan Bank 11/30/2004 2,000,000,00 1,990,000.00 2,000,000.00 3,080 AAA 3.080 90 08/30/2006 3133X9TP5 3277 Federal Home Loan Bank 12/28/2004 2,000,000.00 1,977,500.00 2,000,000.00 3.345 AAA 3.345 210 12/28/2006 3133X9UT5 3278 Federal Home Loan Bank 12/29/2004 2,000,000.00 1,987,500.00 2,000,000.00 3,280 AAA 3,280 120 09/29/2006 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,974,380.00 2,000,000.00 4.010 AAA 4,010 358 05/25/2007 3133XC3S0 3315 Federal Home Loan Bank 06/29/2005 2,000,000.00 1,990,620.00 2,000,000.00 3.760 AAA 3.760 120 09/29/2006 3133XDV81 3331 Federal Home Loan Bank 11/30/2005 2,000,000.00 1,996,260.00 2,000,000.00 4.560 AAA 4.560 90 08/30/2006 3133XEA82 3341 Federal Home Loan Bank 12/29/2005 2,000,000.00 1,995,620.00 2,000,000,00 4.625 AAA 4.625 120 09/29/2006 3133XEXU8 3365 Federal Home Loan Bank 03/28/2006 2,000,000.00 1,991,880.00 2,000,000.00 5.100 AAA 5.100 484 09/28/2007 3133XF4C7 3367 Federal Home Loan Bank 03/29/2006 2,000,000.00 1,994,380.00 2,000,000.00 5,000 AAA 5.000 242 01/29/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 1,988,760.00 2,000,000.00 5,500 AAA 5.500 1,618 11/05/2010 3128X1 RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,906,840.00 2,000,000.00 3.000 AAA 3,000 782 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,927,260.00 2,000,000.00 3.000 AAA 3.000 601 01/23/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1,000,000.00 997,900.00 1,000,000,00 2.625 AAA 2.625 29 06/30/2006 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Portfolio Summary May 31, 2006 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 102,945,000.00 100,914,748.25 102,917,059.89 46.61 1,116 486 3.444 3.492 Local Agency Investment Funds 38,428,943.44 38,428,943.44 38,428,943.44 17.41 1 1 4.500 4,563 Treasury Securities-Coupon 24,000,000.00 23,629,540.00 23,845,458.67 10.80 584 275 4.072 4,128 Commercial Paper Disc.-Amortizing 31,000,000.00 30,755,760.00 30,764,448.34 13.93 130 55 4.899 4.967 Federal Agency Disc.-Amortizing 11,000,000.00 10,896,300.00 10,898,219.72 4.94 110 68 4.923 4.991 Treasury Discounts-Amortizing 14,000,000.00 13,925,760.00 13,929,301.59 6.31 176 41 4.370 4,430 221,373,943.44 218,550,051.69 220,783,431.65 100.00% 618 270 4.030 4.086 Investments Cash and Accrued Interest Accrued Interest at Purchase 72,880.91 72,880.91 Subtotal 72,880.91 72,880.91 Total Cash and Investments 221,373,943.44 218,622,932.60 220,856,312.56 618 270 4.030 4.086 Total Earnings May 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 742,291.61 4,757,120.83 Current Budget 247,750.00 1,982,000.00 2,973,000.00 Last Year Actual 469,812.81 3,006,519.20 4,935,645.34 Average Daily Balance 218,318,093.06 192,067,742.22 Effective Rite of Return 4.00% 3,72% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 19,2005. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and Interactive Data Corporation. ,N4S&Yf_.FREIDEN ICH,CITY TREASURER Reporting period 05/0112006-05/31/2006 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF_PM1)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments May 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,964,940.00 2,000,941.01 2,750 AAA 2,678 253 02/09/2007 3128X1 DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1,971,260.00 2,000,934.63 2.500 AAA 2.404 186 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,964,940.00 2,001,733.59 2.750 AAA 2.618 253 02/09/2007 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,936,960.00 2,000,000.00 3.560 AAA 3.560 694 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,924,080.00 2,000,000.00 4,125 AAA 4.125 1,266 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,936,260.00 2,000,000.00 3.600 AAA 3.600 721 05/22/2008 3128X1 WM5 3368 Federal Home Loan Mort Corp 03/22/2006 2,000,000.00 1,991,060.00 1,992,201.36 2.650 AAA 4.917 64 08/04/2006 3128X4AK7 3374 Federal Home Loan Mort Corp 04/20/2006 2,000,000.00 1,986,280.00 1,987,952.00 3.750 AAA 4.794 167 11/15/2006 3134A4GK4 3388 Federal Home Loan Mort Corp 05/11/2006 1,455,000.00 1,455,451.05 1,455,329.11 4.500 AAA 4.282 44 07/15/2006 3136F3VT0 3193 Fed,Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 1,995,620.00 1,999,451.37 2.100 AAA 2.510 25 06/26/2006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000,00 1,973,120.00 2,000,000.00 3.000 AAA 3.000 211 12/29/2006 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 03/22/2004 2,000,000.00 1,990,620.00 2,000,898.02 2.750 AAA 2.510 71 08/11/2006 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,910,620.00 2,000,000.00 3.610 AAA 3.610 1,033 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,921,880.00 1,997,991.67 3.250 AAA 2.052 734 06/04/2008 3136F6EY1 3258 Fed.Nat'l Mort.Assoc. 10/12/2004 2,000,000,00 1,995,000.00 2,000,000.00 3.000 AAA 2.875 41 07/12/2006 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 1,931,880.00 2,000,000.00 4.250 AAA 4.250 1,216 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,940,000.00 2,000.000.00 3.700 AAA 3.700 722 05/23/2008 3136176PB9 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,953,760.00 2,000,000.00 3.700 AAA 3.080 536 11/19/2007 Subtotal and Average 103,605,509.44 102,945,000.00 100,914,748.25 102,917,059.89 3.492 486 Local Agency Investment Funds SYS982 982 Laif City 19,992,980.29 19,992,980.29 19,992,980.29 4.563 NR 4.563 1 SYS2206 2206 LAIF-Redevelopment Agency 18,435,963.15 18,435,963.15 18,435,963.15 4.563 NR 4.563 1 Subtotal and Average 38,959,588.60 38,428,943.44 38,428,943.44 38,428,943.44 4.563 1 Treasury Securities-Coupon 912828CG3 3235 US Treasury Notes 05/17/2004 2,000,000.00 1,963,040.00 1,998,644,81 3.125 AAA 3.195 348 05/15/2007 912828ANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,942,660.00 1,986,997.21 3.000 AAA 3.473 532 11/15/2007 9128277F3 3246 US Treasury Notes 06/14/2004 2,000,000.00 1,985,780.00 2,003,719.24 3.500 AAA 3,068 167 11/15/2006 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,942,660.00 1,998,340.35 3.000 AAA 3.060 532 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,945,940.00 1,993,315.97 2.750 AAA 3.034 440 08/15/2007 912828CU2 3350 US Treasury Notes 01/06/2006 2,000,000.00 1,987,260.00 1,990,160.86 2.375 AAA 4.403 91 08/31/2006 912828BY5 3375 US Treasury Notes 04/20/2006 2,000,000.00 1,960,400.00 1,963,161.34 2.250 AAA 4.931 259 02/15/2007 912828CY4 3376 US Treasury Notes 04/20/2006 2,000,000.00 1,979,140.00 1,980,412.37 2,500 AAA 4.928 152 10/31/2006 912828DJ6 3377 US Treasury Notes 04/20/2006 2,000,000.00 1,974,060.00 1,976,538,46 3.125 AAA 4.933 244 01/31/2007 912828BP4 3381 US Treasury Notes 04/21/2006 2,000,000.00 1,977,660.00 1,979,551.53 2,625 AAA 4.929 167 11/15/2006 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF_PM2)SyrnRept 6.41,202 City of HB Portfolio Management Page 2 Portfolio Details - Investments May 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1,983,760.00 2,000,000.00 2.730 AAA 2.730 119 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 982,500.00 1,000,000.00 2.850 AAA 2.850 264 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 967,810.00 1,000,000.00 3.500 AAA 3.500 684 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,940,000.00 2,000,000.00 4.000 AAA 4.000 880 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,937,500.00 2,000,000.00 4.000 AAA 4.000 928 12/15/2008 31331SM66 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,955,620.00 2,000,000.00 3.700 AAA 3.700 519 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,958,120.00 1,998,828.37 4.620 AAA 4.642 1,068 05/04/2009 31331SXVO 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,957,500.00 2,000,000.00 4.450 AAA 4.450 907 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,931,260.00 2,000,000.00 4,480 AAA 4.480 1,481 06/21/2010 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,919,380.00 2,000,000.00 3.020 AAA 3.020 676 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,954,380.00 2,000,000.00 2.400 AAA 2A00 288 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,956,260.00 2,000,000.00 2.270 AAA 2.270 236 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,919,380.00 2,000,000.00 3.320 AAA 3,320 788 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,902,500.00 2,000,000,00 2.900 AAA 2.900 789 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,796,239.00 1,850,000.00 4.000 AAA 4.000 851 09/29/2008 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,111,923.20 2,136,045.48 2.375 AAA 2,805 165 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 991,880.00 1,000,000.00 2.640 AAA 2.641 120 09/29/2006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000,00 1,966,880.00 2,000,000.00 3.000 AAA 3.000 264 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,945,000.00 2,000,000.00 2.800 AAA 2.801 410 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,959,380.00 2,000,000.00 3,070 AAA 3,070 330 04/27/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,477,965.00 1,494,753.28 2,750 AAA 3.390 210 12/28/2006 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,947,500.00 2,000,000.00 3.260 AAA 3.260 484 09/28/2007 3133X9GC8 3269 Federal Home Loan Bank 11/30/2004 2,000,000,00 1,989,380.00 2,000,000.00 3.000 AAA 3,000 90 08/30/2006 3133X9NH9 3272 Federal Home Loan Bank 11/30/2004 2,000,000,00 1,990,000.00 2,000,000.00 3,080 AAA 3.080 90 08/30/2006 3133X9TP5 3277 Federal Home Loan Bank 12/28/2004 2,000,000.00 1,977,500.00 2,000,000.00 3.345 AAA 3.345 210 12/28/2006 3133X9UT5 3278 Federal Horne Loan Bank 12/29/2004 2,000,000.00 1,987,500.00 2,000,000.00 3,280 AAA 3,280 120 09/29/2006 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,974,380.00 2,000,000.00 4.010 AAA 4,010 358 05/25/2007 3133XC3S0 3315 Federal Home Loan Bank 06129/2005 2,000,000.00 1,990,620.00 2,000,000.00 3.760 AAA 3.760 120 09/29/2006 3133XDV81 3331 Federal Home Loan Bank 11/30/2005 2,000,000.00 1,996,260.00 2,000,000.00 4.560 AAA 4.560 90 08/30/2006 3133XEA82 3341 Federal Home Loan Bank 12/29/2005 2,000,000.00 1,995,620.00 2,000,000,00 4,625 AAA 4.625 120 09/29/2006 3133XEXU8 3365 Federal Home Loan Bank 03/28/2006 2,000,000.00 1,991,880.00 2,000,000.00 5.100 AAA 5,100 484 09/28/2007 3133XF4C7 3367 Federal Home Loan Bank 03/29/2006 2,000,000.00 1,994,380.00 2,000,000.00 5,000 AAA 5.000 242 01/29/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 1,988,760.00 2,000,000.00 5,500 AAA 5.500 1,618 11/05/2010 3128X1 RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,906,840.00 2,000,000.00 3.000 AAA 3,000 782 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,927,260.00 2,000,000.00 3.000 AAA 3.000 601 01/23/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1,000,000.00 997,900.00 1,000,000,00 2.625 AAA 2.625 29 06/30/2006 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 4 Portfolio Details - Investments May 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Treasury Securities-Coupon 912828DQO 3382 US Treasury Notes 04/21/2006 2,000,000.00 1,977,900.00 1,981,007,89 3.750 AAA 4.932 303 03/31/2007 912828CQ1 3385 US Treasury Notes 05/04/2006 2,000,000.00 1,993,040.00 1,993,608.64 2.750 AAA 4.695 60 07/31/2006 Subtotal and Average 25,575,440.83 24,000,000.00 23,629,540.00 23,845,458.67 4.128 275 Medium Term Notes Subtotal and Average 290,321.34 Commercial Paper Disc.-Amortizing 03523DF16 3359 Anheuser Busch 02/09/2006 2,000,000.00 2,000,000.00 2,000,000.00 4.540 P-1 4.669 0 06/01/2006 17307SFW7 3342 Citigroup Global 12/20/2005 3,000,000.00 2,987,880.00 2,989,125.00 4.500 P-1 4.725 29 06/30/2006 17307SFP2 3369 Citigroup Global 03/24/2006 2,000,000.00 1,993,880.00 1,994,096.67 4.830 P-1 4.958 22 06/23/2006 17307SHR6 3383 Citigroup Global 05/04/2006 2,000,000.00 1,975,960.00 1,976,341.66 5.010 P-1 5,161 85 08/25/2006 17307SF56 3384 Citigroup Global 05/04/2006 2,000,000.00 1,998,880,00 1,998,895.56 4.970 P-1 5.061 4 06/05/2006 36959JGE7 3345 General Electric Capital Corp 12/21/2005 2,000,000.00 1,987,960.00 1,989,297.78 4.480 P-1 4,709 43 07/14/2006 36959JFT5 3366 General Electric Capital Corp 03/22/2006 2,000,000.00 1,992,760.00 1,993,095.56 4.780 P-1 4.910 26 06/27/2006 36959JFC2 3372 General Electric Capital Corp 03/30/2006 2,000,000.00 1,996,940.00 1,997,054.44 4,820 P-1 4.936 11 06/12/2006 36959JM18 3379 General Electric Capital Corp 04/21/2006 2,000,000.00 1,948,160.00 1,949,166.67 5,000 P-1 5.299 183 12/01/2006 36959JL35 3380 General Electric Capital Corp 04/21/2006 2,000,000.00 1,956,000.00 1,956,944.45 5.000 P-1 5,291 155 11/03/2006 82434UGJO 3351 Sherwin-Williams 01/06/2006 2,000,000.00 1.986,780.00 1,988,302.22 4.480 P-1 4.681 47 07/18/2006 82434UGB7 3360 Sherwin-Williams 02/09/2006 2,000,000.00 1,988,800.00 1,989,777.78 4.600 P-1 4.756 40 07/11/2006 80685UH18 3389 Schlumberger Co. 05/16/2006 2,000,000.00 1,982,760.00 1,982,987.78 5,020 P-1 5.145 61 08/01/2006 80685UH75 3393 Schlumberger Co. 05/24/2006 2,000,000.00 1,981,060.00 1,981,202.77 5.050 P-1 5.175 67 08/07/2006 82619SHJ1 3392 Siemens Capital 05/23/2006 2,000,000.00 1,977,940.00 1,978,160.00 5.040 P-1 5.173 78 08/18/2006 Subtotal and Average 26,496,972.17 31,000,000.00 30,755,760.00 30,764,448.34 4,967 55 Federal Agency Disc.-Amortizing 313385A63 3387 Federal Home Loan Bank 05/05/2006 2,000,000.00 1,982,200.00 1,982,542.22 4.910 AAA 5.041 64 08/04/2006 313397ZX2 3363 Federal Home Loan Mort Corp 02/28/2006 3,000,000.00 2,976,300.00 2,977,912.50 4.650 AAA 4,808 57 07/28/2006 313397E98 3386 Federal Home Loan Mort Corp 05/04/2006 2,000,000.00 1,972,400.00 1,972,775.00 4.950 AAA 5.108 99 09/08/2006 313397626 3390 Federal Home Loan Mort Corp 05/16/2006 2,000,000.00 1,981,000,00 1,981,356.67 4.935 AAA 5.062 68 08/08/2006 313589A29 3391 Fed.Nat'l Mort.Assoc. 05/16/2006 2,000,000.00 1,983,400.00 1,983,633.33 4.910 AAA 5.030 60 07/31/2006 Subtotal and Average 9,485,917.33 11,000,000.00 10,895,300.00 10,898,219.72 4.991 68 Treasury Discounts-Amortizing 912795XG1 3346 United States Treasury Bills 12/21/2005 2,000,000.00 1,996,320.00 1,996,752.80 4.175 AAA 4,321 14 06/15/2006 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF_PM2)SymRept 6,41.202 City of HB Portfolio Management Page 3 Portfolio Details - Investments May 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,964,940.00 2,000,941.01 2.750 AAA 2.678 253 02/09/2007 3128X1DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1,971,260.00 2,000,934.63 2.500 AAA 2.404 186 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,964,940.00 2,001,733.59 2.750 AAA 2.618 253 02/09/2007 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,936,960.00 2,000,000.00 3.560 AAA 3.560 694 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,924,080.00 2,000,000.00 4,125 AAA 4.125 1,266 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000,00 1,936,260.00 2,000,000,00 3.600 AAA 3.600 721 05/22/2008 3128X1WM5 3368 Federal Home Loan Mort Corp 03/22/2006 2,000,000.00 1,991,060.00 1,992,201.36 2.650 AAA 4.917 64 08/04/2006 3128X4AK7 3374 Federal Home Loan Mort Corp 04/20/2006 2,000,000.00 1,986,280.00 1,987,952.00 3.750 AAA 4.794 167 11/15/2006 3134A4GK4 3388 Federal Home Loan Mort Corp 05/11/2006 1,455,000.00 1,455,451.05 1,455,329.11 4.500 AAA 4.282 44 07/15/2006 3136F3VT0 3193 Fed,Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 1,995,620.00 1,999,451.37 2.100 AAA 2.510 25 06/26/2006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 1,973,120.00 2,000,000.00 3.000 AAA 3.000 211 12/29/2006 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 03/22/2004 2,000,000.00 1,990,620,00 2,000,898.02 2.750 AAA 2.510 71 08/11/2006 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,910,620.00 2,000,000.00 3.610 AAA 3.610 1,033 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,921,880.00 1,997,991.67 3,250 AAA 2.052 734 06/04/2008 3136F6EY1 3258 Fed.Nat'l Mort.Assoc. 10/12/2004 2,000,000.00 1,995,000.00 2,000,000.00 3.000 AAA 2.875 41 07/12/2006 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 1,931,880.00 2,000,000.00 4.250 AAA 4.250 1,216 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,940,000.00 2,000,000.00 3,700 AAA 3,700 722 05/23/2008 3136F6PB9 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,953,760.00 2,000,000.00 3.700 AAA 3,080 536 11/19/2007 Subtotal and Average 103,605,509.44 102,945,000.00 100,914,748.25 102,917,059.89 3.492 486 Local Agency Investment Funds SYS982 982 Laif City 19,992,980.29 19,992,980.29 19,992,980.29 4.563 NR 4.563 1 SYS2206 2206 LAIF-Redevelopment Agency 18,435,963.15 18,435,963.15 18,435,963.15 4.563 NR 4.563 1 Subtotal and Average 38,959,588.60 38,428,943.44 38,428,943.44 38,428,943.44 4.563 1 Treasury Securities-Coupon 912828CG3 3235 US Treasury Notes 05/17/2004 2,000,000.00 1,963,040.00 1,998,644.81 3.125 AAA 3.195 348 05/15/2007 912828ANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,942,660.00 1,986,997.21 3.000 AAA 3.473 532 11/15/2007 9128277F3 3246 US Treasury Notes 06/14/2004 2,000,000.00 1,985,780.00 2,003,719.24 3.500 AAA 3.068 167 11/15/2006 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,942,660.00 1,998,340.35 3,000 AAA 3.060 532 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,945,940.00 1,993,315.97 2.750 AAA 3.034 440 08/15/2007 912828CU2 3350 US Treasury Notes 01/06/2006 2,000,000.00 1,987,260.00 1,990,160.86 2.375 AAA 4.403 91 08/31/2006 912828BY5 3375 US Treasury Notes 04/20/2006 2,000,000.00 1,960,400.00 1,963,161.34 2.250 AAA 4.931 259 02/15/2007 912828CY4 3376 US Treasury Notes 04/20/2006 2,000,000.00 1,979,140.00 1,980,412.37 2.500 AAA 4.928 152 10/31/2006 912828DJ6 3377 US Treasury Notes 04/20/2006 2,000,000.00 1,974,060.00 1,976,538.46 3.125 AAA 4.933 244 01/31/2007 912828BP4 3381 US Treasury Notes 04/21/2006 2,000,000.00 1,977,660.00 1,979,551.53 2,625 AAA 4.929 167 11/15/2006 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF_PM2)SyrnRept 6.41,202 City of HB Portfolio Management Page 5 Portfolio Details - Investments May 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Treasury Discounts-Amortizing 912795XF3 3347 United States Treasury Bills 12/21/2005 2,000,000.00 1,998,300.00 1,998,388.09 4.145 AAA 4.286 7 06/08/2006 912795XE6 3348 United States Treasury Bills 12/22/2005 2,000,000.00 2,000,000.00 2,000,000.00 4,110 AAA 4.245 0 06/01/2006 912795XK2 3352 United States Treasury Bills 01/06/2006 2,000,000.00 1,991,120.00 1,991,852.93 4.190 AAA 4.340 35 07/06/2006 912795XM8 3353 United States Treasury Bills 01/19/2006 2,000,000.00 1,987,480.00 1,988,321.85 4,290 AAA 4.446 49 07/20/2006 912795XP1 3358 United States Treasury Bills 02/02/2006 2,000,000.00 1,983,780,00 1,984,529.69 4.420 AAA 4.584 63 08/03/2006 912795XX4 3371 United States Treasury Bills 03/30/2006 2,000,000.00 1,968,760.00 1,969,456.23 4.620 AAA 4.796 119 09/28/2006 Subtotal and Average 13,904,343.35 14,000,000.00 13,925,760.00 13,929,301.59 4.430 41 Total and Average 218,318,093.06 221,373,943.44 218,550,051.69 220,783,431.65 4.086 270 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 4 Portfolio Details - Investments May 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Treasury Securities-Coupon 912828DOO 3382 US Treasury Notes 04/21/2006 2,000,000.00 1,977,900,00 1,981,007.89 3.750 AAA 4.932 303 03/31/2007 912828CC1 3385 US Treasury Notes 05/04/2006 2,000,000.00 1,993,040.00 1,993,608.64 2.750 AAA 4,695 60 07/31/2006 Subtotal and Average 25,575,440.83 24,000,000.00 23,629,540.00 23,845,458.67 4,128 275 Medium Term Notes Subtotal and Average 290,321.34 Commercial Paper Disc.-Amortizing 03523DF16 3359 Anheuser Busch 02/09/2006 2,000,000.00 2,000,000.00 2,000,000.00 4,540 P-1 4.669 0 06/01/2006 17307SFW7 3342 Citigroup Global 12/20/2005 3,000,000.00 2,987,880.00 2,989,125.00 4.500 P-1 4.725 29 06/30/2006 17307SFP2 3369 Citigroup Global 03/24/2006 2,000,000.00 1,993,880.00 1,994,096.67 4.830 P-1 4.958 22 06/23/2006 17307SHR6 3383 Citigroup Global 05/04/2006 2,000,000.00 1,975,960.00 1,976,341.66 5,010 P-1 5,161 85 08/25/2006 17307SF56 3384 Citigroup Global 05/04/2006 2,000,000.00 1,998,880.00 1,998,895.56 4.970 P-1 5.061 4 06/05/2006 36959JGE7 3345 General Electric Capital Corp 12/21/2005 2,000,000.00 1,987,960.00 1,989,297.78 4.480 P-1 4.709 43 07/14/2006 36959JFT5 3366 General Electric Capital Corp 03/22/2006 2,000,000.00 1,992,760.00 1,993,095,56 4.780 P-1 4,910 26 06/27/2006 36959JFC2 3372 General Electric Capital Corp 03/30/2006 2,000,000.00 1,996,940.00 1,997,054.44 4.820 P-1 4.936 11 06/12/2006 36959JM18 3379 General Electric Capital Corp 04/21/2006 2,000,000.00 1,948,160,00 1,949,166.67 5.000 P-1 5.299 183 12/01/2006 36959JL35 3380 General Electric Capital Corp 04/21/2006 2,000,000.00 1,956,000.00 1,956,944.45 5.000 P-1 5.291 155 11/03/2006 82434UGJO 3351 Sherwin-Williams 01/06/2006 2,000,000.00 1,986,780.00 1,988,302.22 4.480 P-1 4.681 47 07/18/2006 82434UGB7 3360 Sherwin-Williams 02/09/2006 2,000,000.00 1,988,800.00 1,989,777.78 4.600 P-1 4.756 40 07/11/2006 80685UH18 3389 Schlumberger Co. 05/16/2006 2,000,000.00 1,982,760.00 1,982,987.78 5,020 P-1 5.145 61 08/01/2006 80685UH75 3393 Schlumberger Co. 05/24/2006 2,000,000.00 1,981,060.00 1,981,202.77 5.050 P-1 5.175 67 08/07/2006 82619SHJ1 3392 Siemens Capital 05/23/2006 2,000,000.00 1,977,940.00 1,978,160.00 5.040 P-1 5.173 78 08/18/2006 Subtotal and Average 26,496,972.17 31,000,000.00 30,755,760.00 30,764,448.34 4.967 55 Federal Agency Disc,-Amortizing 313385A63 3387 Federal Home Loan Bank 05/05/2006 2,000,000,00 1,982,200.00 1,982,542.22 4.910 AAA 5.041 64 08/04/2006 313397ZX2 $363 Federal Home Loan Mort Corp 02/28/2006 3,000,000.00 2,976,300.00 2,977,912.50 4.650 AAA 4,808 57 07/28/2006 313397E98 3386 Federal Home Loan Mort Corp 05/04/2006 2,000,000.00 1,972,400.00 1,972,775.00 4.950 AAA 5,108 99 09/08/2006 313397626 3390 Federal Home Loan Mort Corp 05/16/2006 2,000,000.00 1,981,000.00 1,981,356.67 4.935 AAA 5.062 68 08/08/2006 313589A29 3391 Fed.Nat'l Mort.Assoc. 05/16/2006 2,000,000.00 1,983,400.00 1,983,633,33 4.910 AAA 5,030 60 07/31/2006 Subtotal and Average 9,485,917.33 11,000,000.00 10,895,300.00 10,898,219.72 4.991 68 Treasury Discounts-Amortizing 912795XG1 3346 United States Treasury Bills 12/21/2005 2,000,000.00 1,996,320.00 1,996,752.80 4,175 AAA 4.321 14 06/15/2006 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 6 Portfolio Details - Cash May 31, 2006 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 72,880.91 72,880.91 0 Subtotal 72,880.91 72,880.91 Total Cash and Investmentss 218,318,093.06 221,373,943.44 218,622,932.60 220,856,312.56 4.086 270 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF_PM2)SyrnRept 6.41.202 City of Hs Portfolio Management Page 5 Portfolio Details - Investments May 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Treasury Discounts-Amortizing 912795XF3 3347 United States Treasury Bills 12/21/2005 2,000,000.00 1,998,300.00 1,998,388.09 4.145 AAA 4.286 7 06/08/2006 912795XE6 3348 United States Treasury Bills 12/22/2005 2,000,000.00 2,000,000.00 2,000,000.00 4.110 AAA 4.245 0 06/01/2006 912795XK2 3352 United States Treasury Bills 01/06/2006 2,000,000.00 1,991,120.00 1,991,852.93 4.190 AAA 4.340 35 07/06/2006 912795XM8 3353 United States Treasury Bills 01/19/2006 2,000,000.00 1,987,480,00 1,988,321.85 4.290 AAA 4.446 49 07/20/2006 912795XP1 3358 United States Treasury Bills 02/02/2006 2,000,000.00 1,983,780.00 1,984,529.69 4.420 AAA 4,584 63 08/03/2006 912795XX4 3371 United States Treasury Bills 03/30/2006 2,000,000.00 1,968,760.00 1,969,456.23 4.620 AAA 4.796 119 09/28/2006 Subtotal and Average 13,904,343.35 14,000,000.00 13,925,760.00 13,929,301.59 4.430 41 Total and Average 218,318,093.06 221,373,943.44 218,550,051.69 220,783,431.65 4.086 270 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 7 Activity By Type May 1, 2006 through May 31, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon —�—� 31331SXP3 3310 Federal Farm Credit Bank 3.650 05/23/2006 0,00 2,000,000.00 3133XFFF8 3378 Federal Home Loan Bank 5.500 05/05/2006 2,000,000.00 0.00 3134A4GK4 3388 Federal Home Loan Mort Corp 4.500 05/11/2006 1,455,478.70 0.00 Subtotal 3,455,478.70 2,000,000.00 102,917,059.89 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 4.563 7,000,000.00 7,000,000.00 SYS2206 2206 LAIF-Redevelopment Agency 4.563 5,700,000.00 6,250,000.00 Subtotal 12,700,000.00 13,250,000.00 38,428,943.44 Treasury Securities-Coupon 912828CK4 3322 US Treasury Notes 2.500 05/31/2006 0.00 2,000,000.00 912828CQ1 3385 US Treasury Notes 2.750 05/04/2006 1,990,626.00 0.00 Subtotal 1,990,626.00 2,000,000.00 23,845,458.67 Medium Term Notes 172967BF7 3013 Citigroup 5.750 05/10/2006 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 0100 Commercial Paper Disc.-Amortizing 17307SHR6 3383 Citigroup Global 5.010 05/04/2006 1,968,548.33 0,00 17307SF56 3384 Citigroup Global 4.970 05/04/2006 1,991,164.44 0,00 80685UH18 3389 Schlumberger Co. 5.020 05/16/2006 1,978,525.56 0.00 80685UH75 3393 Schlumberger Co. 5.050 05/24/2006 1,978,958.33 0.00 82619SHA 3392 Siemens Capital 5.040 05/23/2006 1,975,640.00 0.00 Subtotal 9,892,836.66 0.00 30,764,448.34 Federal Agency Disc.-Amortizing 313313WP9 3373 Federal Farm Credit Bank 4.640 05/09/2006 0.00 2,000,000.00 313385A63 3387 Federal Home Loan Bank 4.910 05/05/2006 1,975,177.22 0.00 313397E98 3386 Federal Home Loan Mort Corp 4.950 05/04/2006 1,965,075.00 0.00 313397626 3390 Federal Home Loan Mort Corp 4.935 05/16/2006 1,976,970.00 0.00 313589WN9 3364 Fed.Nat'l Mort.Assoc. 4.540 05/08/2006 0.00 2,000,000.00 313589A29 3391 Fed.Nat'l Mort.Assoc. 4.910 05/16/2006 1,979,268.89 0,00 Subtotal 7,896,491.11 4,000,000.00 10,898,219,72 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF PM3)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 6 Portfolio Details - Cash May 31, 2006 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 72,880.91 72,880.91 0 Subtotal 72,880.91 72,880,91 Total Cash and Investmentss 218,318,093.06 221,373,943.44 218,622,932.60 220,856,312.56 4,086 270 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF_PM2)SynnRept 6,41.202 City of HB Portfolio Management Page 8 Activity By Type May 1, 2006 through May 31, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Treasury Discounts-Amortizing Subtotal 13,929,301.59 Total 35,935,432.47 22,250,000.00 220,783,431,65 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF PM3)SyrnRept 6.41.202 City of HB Portfolio Management Page 7 Activity By Type May 1, 2006 through May 31, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331SXP3 3310 Federal Farm Credit Bank 3.650 05/23/2006 0.00 2,000,000,00 3133XFFF8 3378 Federal Home Loan Bank 5.500 05/05/2006 2,000,000.00 0.00 3134A4GK4 3388 Federal Home Loan Mort Corp 4.500 05/11/2006 1,455,478,70 0,00 Subtotal 3,455,478.70 2,000,000.00 102,917,059.89 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 4,563 7,000,000.00 7,000,000.00 SYS2206 2206 LAIF-Redevelopment Agency 4.563 5,700,000.00 6,250,000.00 Subtotal 12,700,000.00 13,250,000.00 38,428,943.44 Treasury Securities-Coupon 912828CK4 3322 US Treasury Notes 2.500 05/31/2006 0.00 2,000,000.00 912828CQ1 3385 US Treasury Notes 2.750 05/04/2006 1,990,626.00 0.00 Subtotal 1,990,626.00 2,000,000.00 23,845,458.67 Medium Term Notes 172967BF7 3013 Citigroup 5.750 05/10/2006 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 0,00 Commercial Paper Disc.-Amortizing 17307SHR6 3383 Citigroup Global 5.010 05/04/2006 1,968,548.33 0.00 17307SF56 3384 Citigroup Global 4.970 05/04/2006 1,991,164.44 0.00 80685UH18 3389 Schlumberger Co. 5.020 05/16/2006 1,978,525.56 0.00 80685UH75 3393 Schlumberger Co. 5.050 05/24/2006 1,978,958.33 0.00 82619SHJ1 3392 Siemens Capital 5.040 05/23/2006 1,975,640.00 0.00 Subtotal 9,892,836.66 0.00 30,764,448.34 Federal Agency Disc.-Amortizing 313313WP9 3373 Federal Farm Credit Bank 4.640 05/09/2006 0.00 2,000,000.00 313385A63 3387 Federal Home Loan Bank 4.910 05/05/2006 1,975,177.22 0.00 313397E98 3386 Federal Home Loan Mort Corp 4.950 05/04/2006 1,965,075.00 0.00 313397B26 3390 Federal Home Loan Mort Corp 4.935 05/16/2006 1,976,970.00 0.00 313589WN9 3364 Fed.Nat'l Mort.Assoc. 4.540 05/08/2006 0.00 2,000,000.00 313589A29 3391 Fed.Nat'l Mort.Assoc. 4.910 05/16/2006 1,979,268.89 0,00 Subtotal 7,896,491.11 4,000,000.00 10,898,219.72 Portfolio CITY AP Run Dale:06/19/2006-10:28 PM(PRF_PM3)SyrrRept 6.41,202 Report Ver.5.00 City of HB Portfolio Management Page 9 Activity Summary May 2005 through May 2006 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity May 2005 82 183,991,887.77 3.033 3,075 2.856 12 5 699 465 June 2005 83 190,107,380.21 3.109 3.152 2.967 3 2 711 460 July 2005 79 183,248,494.10 3.159 3.202 3.083 2 6 747 462 August 2005 75 176,696,907.30 3.181 3.226 3,179 0 4 747 442 September 2005 73 173,309,998.31 3.278 3.323 3.324 9 11 745 435 October 2005 73 168,421,200.34 3,323 3.370 3.458 3 3 749 416 November 2005 74 170,429,038.72 3,415 3.462 3.636 7 5 740 398 December 2005 80 182,125,168.68 3.559 3.608 3.808 12 6 685 361 January 2006 87 199,324,742.82 3,663 3,714 3.955 8 1 640 321 February 2006 84 202,298,159.37 3.699 3.750 4.043 6 9 658 315 March 2006 83 195,530,162.41 3.764 3.816 4.142 9 10 680 313 April 2006 88 200,664,711.64 3.888 3.942 4.305 9 4 651 290 May 2006 95 218,318,093.06 4.030 4.086 4.563 12 5 618 270 Average 81 187,972,319.90 3.469% 3.517% 3.640 7 5 698 381 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF_PM4)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 8 Activity By Type May 1, 2006 through May 31, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Treasury Discounts-Amortizing Subtotal 13,929,301.59 Total 35,935,432.47 22,250,000.00 220,783,431.65 Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF_PM3)SymRept 6.41.202 City of HB Portfolio Management Page 10 Distribution of Investments By Type May 2005 through May 2006 May June July August September October November December January February March April May Average Security Type 2005 2005 2005 2005 2005 2005 2005 2005 2006 2006 2006 2006 2006 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 49.3 50.8 52.5 53.1 52.4 53.9 54.4 51.1 46.6 47.9 52.0 49.0 46.6 50.7% Local Agency Investment Funds 19.5 19.4 17.5 21.1 22.8 21.2 22.7 20,9 19.5 19.8 19.0 18.8 17.4 20.0% Treasury Securities-Coupon 7.9 7.8 7.3 6,8 8.0 8.0 8.0 7.3 7.8 8.0 8,2 11.5 10.8 8.3% Medium Term Notes 1,3 1.3 1.4 1.4 1.4 1.4 1.4 0.5 0.5 0.5 0.5 _ 0.5 0.9% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 6.3 6.2 7.8 5.7 6.8 4.6 5.7 10.9 11.1 9.4 10.7 10.0 13.9 8.4% Federal Agency Disc.-Amortizing 5.7 5.7 6.2 4.5 2.3 4.6 3.9 5.5 2.5 3.4 4.9 3.8% Treasury Discounts-Amortizing 10.0 8.8 7.3 7A 6.3 6.3 7.9 9.3 10.6 8.9 7.1 6.7 6.3 7.9% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements_ Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF PM5)SyrnRept 6.41.202 Report Ver.5.00 City of 1-113 Portfolio Management Page 9 Activity Summary May 2005 through May 2006 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity May 2005 82 183,991,887.77 3..033 3.075 2,856 12 5 699 465 June 2005 83 190,107,380.21 3.109 3.152 2.967 3 2 711 460 July 2005 79 183,248,494.10 3.159 3,202 3.083 2 6 747 462 August 2005 75 176,696,907.30 3.181 3.226 3.179 0 4 747 442 September 2005 73 173,309,998.31 3.278 3.323 3.324 9 11 745 435 October 2005 73 168,421,200.34 3,323 3.370 3.458 3 3 749 416 November 2005 74 170,429,038.72 3.415 3.462 3.636 7 5 740 398 December 2005 80 182,125,168.68 3,559 3.608 3.808 12 6 685 361 January 2006 87 199,324,742.82 3,663 3.714 3.955 8 1 640 321 February 2006 84 202,298,159.37 3.699 3.750 4.043 6 9 658 315 March 2006 83 195,530,162.41 3.764 3.816 4.142 9 10 680 313 April 2006 88 200,664,711.64 3.888 3.942 4.305 9 4 651 290 May 2006 95 218,318,093.06 4.030 4.086 4.563 12 5 618 270 Average 81 187,972,319.90 3.469% 3,517% 3.640 7 5 698 381 i Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF_PM4)SyrnRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 5/31/2006 gg .United States Treasury: Bills $ 1,767,249,679.88 $ 1,784,283,500.00 NA Notes $ 1,895,485,683.66 $ 1,890,169,000.00 $ 14,321,043.00 Federal Agency: SBA $ 743,209,260.36 $ 736,440,422.58 $ 5,757,207.07 MBS $ 686,649,483.66 $ 651,589,890.37 $ 3,024,386.93 Bonds $ 8,969,778,399.07 $ 8,916,809,127.12 $ 83,922,724.50 Floaters $ - $ - $ - Discount Notes $ 6,727,998,961.22 $ 6,767,817,000.00 NA FHLMC PC $ 1,209,654.97 $ 1,252,567.90 $ 19,536.02 GNMA $ 245,075.35 $ 269,464.28 $ 2,439.99 Bankers Acceptances $ - $ - NA Bank Notes $ 1,810,000,000.00 $ 1,809,522,142.45 $ 17,463,163.88 CDs $ 13,367,403,475.35 $ 13,361,749,602.73 $ 101,964,385.87 Commercial Paper $ 12,130,090,784.79 $ 12,204,148,116.67 NA Corporate: Floaters $ 215,638,018.01 $ 215,080,950.00 $ 1,608,123.48 Bonds $ 705,412,025.76 $ 696,917,747.15 $ 9,752,435.38 Repurchase Agreements $ - NA Reverse Repurchase $ 198,900,000.00) $ (198,900,000.00) $ 419,900.00 Time Deposits $ 7,758,495,000.00 $ 7,758,495,000.00 NA AB 55 &GF Loans $ 6,526,592,740.61 $ 6,526,592,740.61 NA TOTAL $ 63,106,558,242.69 $ 63,122,237,271.86 $ 237,415,546.12 Fair Value Including Accrued Interest $ 63,359,652,817.98 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). City of HB Portfolio Management Page 10 Distribution of Investments By Type May 2005 through May 2006 May June July August September October November December January February March April May Average Security Type 2005 2005 2005 2005 2005 2005 2005 2005 2006 2006 2006 2006 2006 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 49.3 50.8 52.5 53.1 52.4 53.9 54A 51.1 46.6 47.9 52.0 49.0 46.6 50.7% Local Agency Investment Funds 19.5 19.4 17.5 21.1 22.8 21.2 22.7 20.9 19.5 19.8 19.0 18.8 17.4 20.0% Treasury Securities-Coupon 7.9 7.8 7.3 6.8 8.0 8.0 8.0 7.3 7.8 8.0 8.2 11.5 10.8 8.3 Medium Term Notes 1.3 1.3 1.4 1.4 1.4 1.4 1.4 0.5 0.5 0.5 0.5 0.5 0.900 Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 6.3 6.2 7.8 5.7 6.8 4.6 5.7 10.9 11.1 9.4 10.7 10.0 13..9 8.4% Federal Agency Disc.-Amortizing 5.7 5.7 6.2 4.5 2.3 4.6 3.9 5.5 2.5 3.4 4.9 3.8% Treasury Discounts-Amortizing 10.0 8.8 7.3 7.4 6.3 6.3 7.9 9.3 10.6 8.9 7.1 6.7 6.3 7.9% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements s Portfolio CITY AP Run Date:06/19/2006-10:28 PM(PRF PM5)SynnRept 6.41.202 Report Ver.5.00 Schedule of Bond Investments Attachment 2 State of California Pooled Money Investment Account Market Valuation 5/31/2006 9ilk United States Treasury: Bills $ 1,767,249,679.88 $ 1,784,283,500.00 NA Notes $ 1,895,485,683.66 $ 1,890,169,000.00 $ 14,321,043.00 Federal Agency: SBA $ 743,209,260.36 $ 736,440,422.58 $ 5,757,207.07 MBS $ 686,649,483.66 $ 651,589,890.37 $ 3,024,386.93 Bonds $ 8,969,778,399.07 $ 8,916,809,127.12 $ 83,922,724.50 Floaters $ - $ - $ - Discount Notes $ 6,727,998,961.22 $ 6,767,817,000.00 NA FHLMC PC $ 1,209,654.97 $ 1,252,567.90 $ 19,536.02 GNMA $ 245,075.35 $ 269,464.28 $ 2,439.99 Bankers Acceptances $ - $ - NA Bank Notes $ 1,810,000,000.00 $ 1,809,522,142.45 $ 17,463,163.88 CDs $ 13,367,403,475.35 $ 13,361,749,602.73 $ 101,964,385.87 Commercial Paper $ 12,130,090,784.79 $ 12,204,148,116.67 NA Corporate: Floaters $ 215,638,018.01 $ 215,080,950.00 $ 1,608,123.48 Bonds $ 705,412,025.76 $ 696,917,747.15 $ 9,752,435.38 Repurchase Agreements $ - NA Reverse Repurchase $ 198,900,000.00 $ 198,900,000.00 $ 419,900.00) Time Deposits $ 7,758,495,000.00 $ 7,758,495,000.00 NA AB 55 &GF Loans $ 6,526,592,740.61 $ 6,526,592,740.61 NA TOTAL $ 63,106,558,242.69 $ 63,122,237,271.86 $ 237,415,546.12 Fair Value Including Accrued Interest $ 63,359,652,817.98 Repurchase Agreements, Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Schedule of Bond Investments Held by Fiscal Agent as of May 31,2006 Summary of investments by type Market Value Market Value Par Value Investment Type as of 4/30/06 as of 5/31/06 $7,806,962 Local Agency Investment Fund(LAIF) $8,277,955 $7,806,962 $0 Federal Agency Issues $0 $0 $8,190,455 1 nvestment Agreements $8,190,455 $8,190,455 $2,753,446 Money Market Funds $2,315,696 $2,753,446 $330,488 US Treasury Securities $330,488 $330,488 $19,081,350 $19,114,594 $19,081,350 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 4/30/06 as of 5/31/06 $2,510,016 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,535,983 $2,510,016 $4,796,356 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $4,795,170 $4,796,356 $1,649,782 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,836 $1,649,782 $513,422 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $514,117 $513,422 $2,042,163 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,041,976 $2,042,163 $2,697,021 Huntington Beach PFA- 2001 Series B(1993 Civic Center& Police Administration Bldg. Refinance) $2,696,756 $2,697,021 $1,294,002 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,289,527 $1,294,002 $174,196 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,185 $174,196 $1,587,442 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt, Facility, Energy Retrofit, SB Phase 1) $1,586,763 $1,587,442 $769,154 Redevelopment Agency of Huntington Beach-1999 Tax Allocation Refunding Bonds $761,556 $769,154 $873,323 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $873,319 $873,323 $126,139 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $147,255 $126,139 $48,335 HB Public Finance Authority 1992 Revenue Bonds $48,151 $48,335 $19,081,350 $19,114,594 $19,081,350 Schedule of Bond Investments Attachment 2 Deferred Compensation Plan Summary Information Attachment 3 Schedule of Bond Investments Held by Fiscal Agent as of May 31,2006 Summary of investments by type Market Value Market Value Par Value Investment Type as of 4/30/06 as of 5/31/06 $7,806,962 Local Agency Investment Fund(LAIF) $8,277,955 $7,806,962 $0 Federal Agency Issues $0 $0 $8,190,455 Investment Agreements $8,190,455 $8,190,455 $2,753,446 Money Market Funds $2,315,696 $2,753,446 $330,488 US Treasury Securities $330,488 $330,4ft qw $19,081,350 $19,114,594 $19,081,350 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 4/30/06 as of 5/31/06 $2,510,016 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,535,983 $2,510,016 $4,796,356 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $4,795,170 $4,796,356 $1,649,782 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,836 $1,649,782 $513,422 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $514,117 $513,422 $2,042,163 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,041,976 $2,042,163 $2,697,021 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,696,756 $2,697, $1,294,002 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,289,527 $1,294,0 9 $174,196 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,185 $174,196 $1,587,442 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt, Facility, Energy Retrofit,SB Phase 1) $1,586,763 $1,587,442 $769,154 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $761,556 $769,154 $873,323 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $873,319 $873,323 $126,139 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $147,255 $126,139 $48,335 HB Public Finance Authority 1992 Revenue Bonds $48,151 $48,335 $19,081,350 $19,114,594 $19,081,350 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2006 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (12-31-05) (3-31-06) ICMA Retirement Corporation (457 Plan) $21,103,177 $432,857 ($126,114) $809,595 ($1,150) $22,218,364 ICMA Retirement Corporation (401 Plan) $561,938 $30,764 $0 $28,679 $0 $621,382 Nationwide Retirement Solutions (457 Plan) $49,917,647 $1,027,594 ($881,531) $1,539,879 ($150) $51,603,438 Trust Deeds $17,532 $0 $0 $0 $0 $17,532 Total Deferred Compensation Plan Balances $71,600,294 $1,491,215 ($1,007,646) $2,378,152 ($1,300) $74,460,715 Deferred Compensation Plan Summary Information Attachment 3 PowerPoint Presentation Attachment 4 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2006 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (12-31-05) (3-31-06) ICMA Retirement Corporation (457 Plan) $21,103,177 $432,857 ($126,114) $809,595 ($1,150) $22,218,364 ICMA Retirement Corporation (401 Plan) $561,938 $30,764 $0 $28,679 $0 $621,382 Nationwide Retirement Solutions (457 Plan) $49,917,647 $1,027,594 ($881,531) $1,539,879 ($150) $51,603,438 Trust Deeds $17,532 $0 $0 $0 $0 $17,532 Total Deferred Compensation Plan Balances $71,600,294 $1,491,215 ($1,007,646) $2,378,152 ($1,300) $74,460,715 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA May Report �3 l �h u� 1 1 Shari L . Freidenrich , CPA, CCMT , CPFA July 17, 2006 � r PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA May 2006 Investment Summary ( in millions) Financial Information: April May Inc./(Dec.) End of Month City Portfolio $208.864 $220.783 $11 .919 End of Month Market Value $206.696 $218.550 $11 .854 Interest Earned for Month $0.646 $0.742 $0.096 Earned Interest Yield Year to Date 3.66% 3.72% 0.06% Average Maturity ( in days) 290 270 (20) YTD Average Daily Balance $189.029 $192.062 $3.033 Summary by Type: May % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $102.917 47% None 486 3.49% LAI F (State Pool) $38.429 17% $40 million 1 4.56% j U.S.Treasury Notes $23,845 11 % None 275 4.13% Discount Comm. Paper $30.764 14% 25% 55 4.97% Discount Federal Agy $10.898 5% None 68 4.99% Discount Treasury Note $13.929 6% None 41 4.43% Total $220.782 100% 270 4.09% Treasurer's Report - ShariL. Freidenr ch, CPA., CCMT CPFAMay . ' � Treasurers Report � I" "i,�: �� a �1 \ . Shari L . Freidenrich , CPA, CCMT , CPFA July 17, 2006 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: May 2006 Investment Summary Report COUNCIL MEETING DATE: July 17, 2006 Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ElNot Applicable (Signed in full by the City Attorney) Attached ❑ Subleases, Third Party Agreements, etc. Not Applicable (Approved as to form by City Attorney) Certificates of Insurance (Approved b the City Attorne Attached ❑ ( pp y y y) Not Applicable z Attached ❑ Fiscal Impact Statement (Unbudget, over $5,000) Not Applicable Attached ❑ Bonds (If applicable) Not Applicable Attached ❑ Staff Report (If applicable) Not Applicable Commission, Board or Committee Re ort If applicable Attached ❑ p ( PP ) Not Applicable Find in s/Conditions for Approval and/or Denial Attached El9 pp Not Applicable .. ,<..., r.71,ion. Administrative Staff ( ) ) Assistant City Administrator Initial City Administrator (initial) ) City Clerk (Below • . For RCA Author: SLF Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA May 2006 Investment Summary ( in millions) Financial Information: April May Inc./(Dec.) End of Month City Portfolio $208.864 $220.783 $11 .919 End of Month Market Value $206.696 $218.550 $11 .854 Interest Earned for Month $0.646 $0.742 $0.096 Earned Interest Yield Year to Date 3.66% 3.72% 0.06% Average Maturity ( in days) 290 270 (20) YTD Average Daily Balance $189.029 $192.062 $3.033 Summary by Type: May % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $102.917 47% None 486 3.49% LAIF (State Pool) $38.429 17% $40 million 1 4.560/0 U.S.Treasury Notes $23.845 11 % None 275 4. 13% Discount Comm. Paper $30.764 14% 25% 55 4.97% Discount Federal Agy $10.898 5% None 68 4.99% Discount Treasury Note $13.929 6% None 41 4.43% Total $220.782 100% 270 4.09% A RCA ROUTING SH ET INITIATING DEPARTMENT: City Treasurer SUBJECT: May 2006 Investment Summary Report COUNCIL MEETING DATE: July 17, 2006 Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Attached ❑ Contract/Agreement (w/exhibits if applicable) Not Applicable (Signed in full by the City Attorney) Attached El Subleases, Third Party Agreements, etc. Not Applicable Approved as to form by City Attorney El Certificates of Insurance (Approved b the City Attorne Attached ( pp Y Y Y) Not Applicable Attached ❑ Fiscal Impact Statement (Unbudget, over$5,000) Not Applicable IE Attached ❑ Bonds (If applicable) Not Applicable Attached ❑ Staff Report (If applicable) Not Applicable Commission, Board or Committee Re ort If applicable Attached ElP ( pp ) Not Applicable s/Conditions for Approval and/or Denial Attached ElFindin 9 pp Not Applicable � WE IR Administrative Staff ( ) Assistant City Administrator Initial City Administrator (Initial) ( ) City Clerk Only)(Below Space For City Clerk's Use RCA Author: SLF Monthly Investment Report and Summary of Investments for July 2006 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for July 2006 City Investment Portfolio: June July Inc./(Dec.) End of month City Portfolio Balance $221,809,298 $203,517,140 ($18,292,158) End of month General Fund Balance $48,366,986 $32,855,911 ($15,511,075) Earned Interest Yield Average 4.18% 4.20% 0.02% Average Maturity( in days) 259 268 9 End of Month Market Value $219,566,685 $201,636,891 ($17,929,794) End of month bank cash balance $5,096,662 $3,236,848 ($1,859,814) Bond Proceeds Investments:* May June Inc./(Dec.) End of Month Bond Reserve Par Value $19,081,350 $18,553,118 ($528,232) End of Month Bond Reserve Market Value $19,081,350 $18,553,118 ($528,232) Deferred Compensation Investments:** March June Inc./(Dec.) Participant Balances $74,460,715 $73,759,985 ($700,730) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $247,750 $763,704 $515,954 Interest Earned Year to Date $2,477,500 $6,290,647 $3,813,147 Earned Interest Yield Year to Date 3.25% 3.83% 0.58% *Bond Proceeds Statements are issued monthly and may lag by more than one month. *"Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days Int. July %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $106,450,680 52% None 439 3.70% Local Agency Inv. Fund (LAIF) $29,444,262 14% $40 million 1 4.85% Treasury Securities-Coupon $21,893,628 11% None 233 4.08% Commercial Paper Disc. -Amortizing $27,869,904 14% 25% 57 5.31% Federal Agency Disc. -Amortizing $5,986,813 3% None 16 5.07% Treasury Discounts-Amortizing $11,871,854 6% None 79 4.91% $203,517,140 100% 268 4.24% City of HB Portfolio Management Portfolio Summary July 31, 2006 Investments Par Market Book %of Days to YTM YTM Value Value Value Portfolio Term Maturity 360 Equiv, 366 Equiv. Federal Agency Issues-Coupon 106,490,000.00 104,762,253.00 106,450,679.87 52.31 1,070 439 3.653 3.703 Local Agency Investment Funds 29,444,261.78 29,444,261.78 29,444,261.78 14.47 1 1 4.783 4,849 Treasury Securities-Coupon 22,000,000.00 21,709,260.00 21,893,627.59 10.76 629 233 4.022 4.078 Commercial Paper Disc.-Amortizing 28,100,000.00 27,863,116.00 27,869,904.44 13.69 110 57 5.234 5,306 Federal Agency Disc.-Amortizing 6,000,000.00 5,986,200.00 5,986,812.50 2.94 101 16 5.001 5,070 Treasury Discounts-Amortizing 12,000,000.00 11,871,800.00 11,871,853.84 5.83 153 79 4.845 4.912 204,034,261.78 201,636,890.78 203,517,140.02 100.00% 654 268 4.182 4.240 Investments Cash and Accrued Interest Accrued Interest at Purchase 19,325.75 19,325.75 Subtotal 19,325.75 19,325.75 Total Cash and Investments 204,034,261.78 201,666,216.53 203,536,465.77 654 268 4.182 4.240 Total Earnings July 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 763,704.25 6,290,646.99 Current Budget 247,750.00 2,477,500.00 2,973,000.00 Last Year Actual 483,199.35 3,983,619.96 4,935,645.34 Average Daily Balance 214,176,591.79 197,371,864.71 Effective Rate of Return 4,20% 3.83% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 19,2005. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and Interactive Data Corporation. SHARI L.FREIDENRICH,CITY TREASURER Reporting period 07101/2006-07/3112006 Portfolio CITY AP Run Date:08/21/2006-13:00 PM(PRF PM1)SymRept 6.41,202 Report Ver,5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type July 2005 through July 2006 July August September October November December January February March April May June July Average Security Type 2006 2006 2006 2005 2006 2006 2006 2006 2006 2006 2006 2006 2006 by Period Repurchase Agreements Certificates of Deposit ImII Paper-Interest Bearing ........... . ....I..... ......... ............. _._ Federal Agency Issues-Coupon 52.5 53.1 52.4 53.9 54.4 51.1 46.6 47.9 52.0 49.0 46.6 47.7 52.3 50.7% ..... ......_.."I ........ Local Agency investment Funds 17.5 21.1 22.8 21.2 22.7 20.9 19.5 19.8 19.0 18.8 17.4 16.9 14.5 19.4% ._. ............_ ........ ... ........ ..... Treasury Securities-Coupon 7.3 6.8 8.0 8.0 8.0 7.3 7.8 8.0 8.2 11.5 10.8 10.8 10.8 8.7% ......... ...... Medium Term Notes 1.4 1.4 1.4 1.4 1 A 0.5 0.5 0.5 0.5 0.5 0.7% ............... _ Negotiable CD's . ............ ........... Certificates of Deposit-Bank ......... ......... ........... _... __.. Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 7.8 5.7 6.8 4.6 5.7 10.9 11.1 9.4 10.7 10.0 13.9 11.6 13.7 9.4% Federal Agency Disc.-Amortizing 6.2 4.5 2.3 4.6 3.9 5.5 2.5 3.4 4.9 6.7 2.9 3.7% Treasury Discounts-Amortizing 7.3 7.4 6.3 6.3 7.9 9.3 10.6 8.9 7.1 6.7 6.3 6.3 5.8 7.4% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:08/21/2006-13:00 PM(PRF PM5)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 8 Activity Summary July 2006 through July 2006 Yield to Maturity Managed Number Number Month Number of Average 360 366 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity July 2005 79 183,248,494.10 3.159 3.202 3.083 2 6 747 462 August 2005 75 176,696,907.30 3.181 3.226 3.179 0 4 747 442 September 2005 73 173,309,998.31 3.278 3.323 3.324 9 11 745 435 October 2005 73 168,421,200.34 3.323 3.370 3.458 3 3 749 416 November 2005 74 170,429,038.72 3.415 3.462 3.636 7 5 740 398 December 2005 80 182,125,168.68 3.559 3.608 3.808 12 6 685 361 January 2006 87 199,324,742.82 3.663 3.714 3,955 8 1 640 321 February 2006 84 202,298,159.37 3.699 3.750 4.043 6 9 658 315 March 2006 83 195,530,162.41 3.764 3.816 4,142 9 10 680 313 April 2006 88 200,664,711.64 3.888 3.942 4.305 9 4 651 290 May 2006 95 218,318,093.06 4.030 4.086 4.563 12 5 618 270 June 2006 96 222,970,372.22 4.139 4.196 4.700 12 11 607 259 July 2006 91 214,176,591.79 4.182 4.240 4.849 7 12 654 268 Average 83 192,824,884.50 3.637% 3.687% 3.927 7 7 686 360 Portfolio CITY AP Run Date:06/21/2006-13:00 PM(PRF PM4)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 6 Activity By Type July 1, 2006 through July 31, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331VR32 3408 Federal Farm Credit Bank 5.500 07/19/2006 2,000,000.00 0.00 3133XG7M0 3406 Federal Home Loan Bank 5,600 07/26/2006 2,000,000.00 0.00 3134A4GK4 3388 Federal Home Loan Mort Corp 5,500 07/15/2006 0.00 1,455,000.00 3136F6EY1 3258 Fed.Nat'l Mort.Assoc. 3.000 07/12/2006 0.00 2,000,000.00 Subtotal 4,000,000.00 3,466,000.00 106,460,679.87 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 4.849 9,472,259.87 18,500,000.00 SYS2206 2206 LAIF-Redevelopment Agency 4.849 1,218,058.47 225,000.00 Subtotal 10,690,318.34 18,725,000.00 29,444,261.78 Treasury Securities-Coupon 912828COl 3385 US Treasury Notes 2,750 07/31/2006 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 21,893,627.59 Commercial Paper Disc.-Amortizing 02581SKAB 3410 American Express 5.270 07/31/2006 1,979,212.78 0.00 36959JGE7 3345 General Electric Capital Corp 4,480 07/14/2006 0.00 2,000,000.00 36959JKAO 3409 General Electric Capital Corp 5.330 07/31/2006 1,583,180.89 0,00 36959JLH4 3411 General Electric Capital Corp 5.300 07/31/2006 2,459,881.94 0.00 43357MJC5 3407 Hitachi Capital Amer Corp 5.370 07/17/2006 1,982,995.00 0.00 82434UGJO 3351 Sherwin-Williams 4.480 07/18/2006 0.00 2,000,000.00 82434UGB7 3360 Sherwin-Williams 4,600 07/11/2006 0.00 2,000,000.00 Subtotal 8,006,270.61 6,000,000.00 27,869,904.44 Federal Agency Disc.-Amortizing 313313ZV3 3404 Federal Farm Credit Bank 5,150 07/26/2006 0.00 2,000,000.00 313385ZL3 3401 Federal Home Loan Bank 5,130 07/17/2006 0.00 2,000,000.00 313397ZX2 3363 Federal Home Loan Mort Corp 4.650 07/28/2006 0.00 3,000,000.00 313589A29 3391 Fed.Nat'l Mort.Assoc, 4,910 07/31/2006 0.00 2,000,000.00 Subtotal 0.00 9,000,000.00 6,986,812,60 Treasury Discounts-Amortizing 912795XK2 3352 United States Treasury Bills 4.190 07/06/2006 0.00 2,000,000.00 912795XM8 3353 United States Treasury Bills 4.290 07/20/2006 0.00 2,000,000.00 912795YQ8 3412 United States Treasury Bills 4.950 07/31/2006 1,951,050.00 0.00 Subtotal 1,961,060.00 4,000,000.00 11,871,863.84 Portfolio CITY AP Run Date:08/21/2006-13.00 PM(PRF PM3)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity By Type July 1, 2006 through July 31, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Total 24,646,638.95 43,180,000.00 203,517,140.02 Portfolio CITY AP Run Date:08/21/2006-13:00 PM(PRF_PM3)SymRept 6.41.202 City of HB Portfolio Management Page 2 Portfolio Details - Investments July 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 366 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1,991,260.00 2,000,000.00 2.730 AAA 2.730 58 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000,00 985,940.00 1,000,000.00 2,850 AAA 2.850 203 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 970,940.00 1,000,000.00 3.500 AAA 3.500 623 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,947,500.00 2,000,000.00 4,000 AAA 4.000 819 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,944,380.00 2,000,000,00 4,000 AAA 4.000 867 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,960,620.00 2,000,000.00 3,700 AAA 3.700 458 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,964,380.00 1,998,895,13 4.620 AAA 4.642 1,007 05/04/2009 31331SXVO 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,963,120.00 2,000,000.00 4.450 AAA 4.450 846 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,939,380.00 2,000,000.00 4.480 AAA 4.480 1,420 06/21/2010 31331VR32 3408 Federal Farm Credit Bank 07/19/2006 2,000,000.00 2,001,880.00 2,000,000.00 5.500 AAA 5.500 352 07/19/2007 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,927,500.00 2,000,000.00 3.020 AAA 3.020 615 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,962,500.00 2,000,000.00 2.400 AAA 2,400 227 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,970,000.00 2,000,000.00 2.270 AAA 2.270 175 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,927,500.00 2,000,000.00 3.320 AAA 3.320 727 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,911,880.00 2,000,000.00 2.900 AAA 2.900 728 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000,00 1,802,603.00 1,850,000.00 4.000 AAA 4.000 790 09/29/2008 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,121,275.00 2,137,510.11 2.375 AAA 2.805 104 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 995,310.00 1,000,000.00 2.640 AAA 2.641 59 09/29/2006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,973,120.00 2,000,000.00 3.000 AAA 3.000 203 02/20/2007 3133XSHEl 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,951,880.00 2,000,000.00 2.800 AAA 2.801 349 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,965,620.00 2,000,000.00 3.070 AAA 3.070 269 04/27/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,483,125.00 1,496,274.07 2.750 AAA 3.390 149 12/28/2006 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,953,120.00 2,000,000.00 3.260 AAA 3.260 423 09/28/2007 3133X9GC8 3269 Federal Home Loan Bank 11/30/2004 2,000,000.00 1,996,260.00 2,000,000.00 3.000 AAA 3.000 29 08/30/2006 3133X9NH9 3272 Federal Home Loan Bank 11/30/2004 2,000,000.00 1,996,260.00 2,000,000.00 3.080 AAA 3.080 29 08/30/2006 3133X9TP5 3277 Federal Home Loan Bank 12/28/2004 2,000,000,00 1,982,500.00 2,000,000.00 3.345 AAA 3.345 149 12/28/2006 3133X9UT5 3278 Federal Home Loan Bank 12/29/2004 2,000,000,00 1,992,500.00 2,000,000.00 3.280 AAA 3.280 59 09/29/2006 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,977,500.00 2,000,000.00 4,010 AAA 4.010 297 05/25/2007 3133XC3S0 3315 Federal Home Loan Bank 06/29/2005 2,000,000.00 1,994,380.00 2,000,000.00 3.760 AAA 3,760 59 09/29/2006 3133XDV81 3331 Federal Home Loan Bank 11/30/2005 2,000,000.00 1,998,120.00 2,000,000.00 4.560 AAA 4.560 29 08/30/2006 3133XEA82 3341 Federal Home Loan Bank 12/29/2005 2,000,000,00 1,996,880.00 2,000,000.00 4.625 AAA 4,625 59 09/29/2006 3133XEXU8 3365 Federal Home Loan Bank 03/28/2006 2,000,000.00 1,993,120.00 2,000,000.00 5.100 AAA 5.100 423 09/28/2007 3133XF4C7 3367 Federal Home Loan Bank 03/29/2006 2,000,000.00 1,994,380.00 2,000,000.00 5.000 AAA 5.000 181 01/29/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 1,995,620.00 2,000,000.00 5.500 AAA 5.500 1,557 11/05/2010 3133XFWB8 3400 Federal Home Loan Bank 06/28/2006 2,000,000.00 1,998,120.00 2,000,000.00 5,420 AAA 5.420 423 09/28/2007 3133XG7M0 3406 Federal Home Loan Bank 07/26/2006 2,000,000.00 2,000,620.00 2,000,000.00 5.600 AAA 5.600 359 07/26/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,916,620.00 2,000,000.00 3.000 AAA 3.000 721 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,934,620.00 2,000,000.00 3.000 AAA 3.000 540 01/23/2008 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,972,180.00 2,000,713.35 2.750 AAA 2.678 192 02/09/2007 Portfolio CITY AP Run Date:08/21/2006-13:00 PM(PRF PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments July 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 366 Maturity Date Federal Agency Issues-Coupon 3128X1DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1,979,380.00 2,000,628.19 2.500 AAA 2.404 125 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,972,180.00 2,001,314.17 2.750 AAA 2.618 192 02/09/2007 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,943,540.00 2,000,000.00 3.560 AAA 3,560 633 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,933,840.00 2,000,000.00 4,125 AAA 4.125 1,205 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,942,980,00 2,000,000.00 3.600 AAA 3.600 660 05/22/2008 3128X1WM5 3368 Federal Home Loan Mort Corp 03/22/2006 2,000,000.00 1,999,520.00 1,999,628.64 2.650 AAA 4.917 3 08/04/2006 3128X4AK7 3374 Federal Home Loan Mort Corp 04/20/2006 2,000,000.00 1,989,800.00 1,992,359,80 3.750 AAA 4.794 106 11/15/2006 3128X4DS7 3398 Federal Home Loan Mort Corp 06/08/2006 2,000,000.00 1,986,360.00 1,988,114.57 3,800 AAA 5.302 148 12/27/2006 3128X4DS7 3403 Federal Home Loan Mort Corp 06/23/2006 2,000,000.00 1,986,360.00 1,986,955.22 3.800 AAA 5.451 148 12/27/2006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 1,979,380.00 2,000,000.00 3.000 AAA 3.000 150 12/29/2006 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 03/22/2004 2,000,000.00 1,998,120.00 2,000,128.29 2,750 AAA 2.510 10 08/11/2006 3136175KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,920,000.00 2,000,000.00 3.610 AAA 3.610 972 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,930,000.00 1,998,158.33 3.250 AAA 2.052 673 06/04/2008 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 1.941,260.00 2,000,000.00 4.250 AAA 4.250 1,155 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,946,260.00 2,000,000.00 3,700 AAA 3.700 661 05/23/2008 3136F6PB9 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,958,760.00 2,000,000.00 3.700 AAA 3.080 475 11/19/2007 Subtotal and Average 106,037,966.36 106,490,000.00 104,762,263.00 106,460,679.87 3.703 439 Local Agency Investment Funds SYS982 982 Laif City 9,465,240.16 9,465,240.16 9,465,240.16 4.849 NR 4.849 1 SYS2206 2206 LAIF-Redevelopment Agency 19,979,021.62 19,979,021.62 19,979,021.62 4.849 NR 4.849 1 Subtotal and Average 37,103,966.99 29,444,261.78 29,444,261.78 29,444,261.78 4,849 1 Treasury Securities-Coupon 912828CG3 3235 US Treasury Notes 05/17/2004 2,000,000.00 1,968,980.00 1,998,882.36 3.125 AAA 3.195 287 05/15/2007 912828ANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,948,900.00 1,988,488.13 3.000 AAA 3.473 471 11/15/2007 9128277F3 3246 US Treasury Notes 06/14/2004 2,000,000.00 1,990,460.00 2,002,360,72 3.500 AAA 3.068 106 11/15/2006 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,948,900.00 1,998,530.65 3.000 AAA 3.060 471 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,952,960.00 1,994,242.62 2.750 AAA 3,034 379 08/15/2007 912828CU2 3350 US Treasury Notes 01/06/2006 2,000,000.00 1,995,460.00 1,996,756.33 2,375 AAA 4.403 30 08/31/2006 912828BY5 3375 US Treasury Notes 04/20/2006 2,000,000.00 1,969,060.00 1,971,837.62 2,250 AAA 4.931 198 02/15/2007 912828CY4 3376 US Treasury Notes 04/20/2006 2,000,000.00 1,987,040.00 1,988,273.20 2,500 AAA 4.928 91 10/31/2006 912828DJ6 3377 US Treasury Notes 04/20/2006 2,000,000.00 1,980,320.00 1,982,403,85 3,125 AAA 4,933 183 01/31/2007 912828BP4 3381 US Treasury Notes 04/21/2006 2,000,000.00 1,985,540.00 1,987,020.73 2.625 AAA 4,929 106 11/15/2006 912828000 3382 US Treasury Notes 04/21/2006 2,000,000.00 1,981,640.00 1,984,831.38 3.750 AAA 4.932 242 03/31/2007 Subtotal and Average 23,817,343.64 22,000,000.00 21,709,260.00 21,893,627.69 4.078 233 Portfolio CITY AP Run Date:08/21/2006-13:00 PM(PRF PM2)SymRept 6.41.202 City of HB Portfolio Management Page 4 Portfolio Details - Investments July 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Commercial Paper Disc.-Amortizing 02581SJN2 3395 American Express 06/01/2006 2,000,000.00 1,984,640.00 1,985,324,44 5,080 P-1 5.234 52 09/22/2006 02581SKA8 3410 American Express 07/31/2006 2,000,000.00 1,979,320.00 1,979,505.56 5,270 P-1 5.399 70 10/10/2006 17307SHR6 3383 Citigroup Global 05/04/2006 2,000,000.00 1,992,920.00 1,993,320.00 5.010 P-1 5.161 24 08/25/2006 17307SJ86 3394 Citigroup Global 06/01/2006 2,000,000.00 1,988,760.00 1,989,233.33 5,100 P-1 5.244 38 09/08/2006 17307SK68 3402 Citigroup Global 06/22/2006 2,000,000.00 1,980,500.00 1,980,493.33 5.320 P-1 5.480 66 10/06/2006 36959JM18 3379 General Electric Capital Corp 04/21/2006 2,000,000.00 1,964,020.00 1,966,111.11 5,000 P-1 5.299 122 12/01/2006 36959JL35 3380 General Electric Capital Corp 04/21/2006 2,000,000.00 1,972,220.00 1,973,888.89 5.000 P-1 5.291 94 11/03/2006 36959JKAO 3409 General Electric Capital Corp 07/31/2006 1,600,000.00 1,583,456.00 1,583,417.78 5.330 P-1 5.461 70 10/10/2006 36959JLH4 3411 General Electric Capital Corp 07/31/2006 2,500,000.00 2,460,100.00 2,460,250.00 5.300 P-1 5.461 108 11/17/2006 43357MJC5 3407 Hitachi Capital Amer Corp 07/17/2006 2,000,000.00 1,987,580.00 1,987,470,00 5,370 P-1 5.491 42 09/12/2006 74433HKL7 3397 PRUDENTIAL SECURITIES 06/07/2006 2,000,000.00 1,976,360.00 1,977,333.33 5.100 P-1 5.272 80 10/20/2006 80685UH18 3389 Schlumberger Co. 05/16/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.020 P-1 5.145 0 08/01/2006 80685UH75 3393 SchlumbergerCo. 05/24/2006 2,000,000.00 1,998,240.00 1,998,316.67 5.050 P-1 5.175 6 08/07/2006 82619SHJ1 3392 Siemens Capital 05/23/2006 2,000,000.00 1,995,000.00 1,995,240.00 5.040 P-1 5.173 17 08/18/2006 Subtotal and Average 23,660,614.97 28,100,000.00 27,863,116.00 27,869,904.44 6.306 57 Federal Agency Disc.-Amortizing 313385A63 3387 Federal Home Loan Bank 05/05/2006 2,000,000.00 1,999,200.00 1,999,181.67 4,910 AAA 5.041 3 08/04/2006 313397E98 3386 Federal Home Loan Mort Corp 05/04/2006 2,000,000,00 1,989,000.00 1,989,550,00 4,950 AAA 5,108 38 09/08/2006 313397626 3390 Federal Home Loan Mort Corp 05/16/2006 2,000,000.00 1,998,000.00 1,998,080.83 4.935 AAA 5.062 7 08/08/2006 Subtotal and Average 13,166,944.49 6,000,000.00 6,986,200.00 6,986,812.60 6.070 16 Treasury Discounts-Amortizing 912795XP1 3358 United States Treasury Bills 02/02/2006 2,000,000.00 1,999,480.00 1,999,508,88 4.420 AAA 4.584 2 08/03/2006 912795XX4 3371 United States Treasury Bills 03/30/2006 2,000,000.00 1,984,500.00 1,985,113.12 4.620 AAA 4.796 58 09/28/2006 912795XUO 3396 United States Treasury Bills 06/05/2006 2,000,000.00 1,990,120.00 1,990,359.45 4.690 AAA 4.814 37 09/07/2006 912795YH8 3399 United States Treasury Bills 06/13/2006 2,000,000.00 1,965,260.00 1,965,227.39 4.890 AAA 5.080 128 12/07/2006 912795XZ9 3405 United States Treasury Bills 06/29/2006 2,000,000.00 1,980,540.00 1,980,320.00 4.920 AAA 5.061 72 10/12/2006 912795YQ8 3412 United States Treasury Bills 07/31/2006 2,000,000.00 1,951,900,00 1,951,325.00 4.950 AAA 5.145 177 01/25/2007 Subtotal and Average 11,510,856.44 12,000,000.00 11,871,800.00 11,871,863.84 4.912 79 Total and Average 214,176,591.79 204,034,261.78 201,636,890.78 203,617,140.02 4.240 268 Portfolio CITY AP Run Date:08/21/2006-13:00 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 6 Portfolio Details - Cash July 31, 2006 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 366 Maturity Average Balance 0.00 Accrued Interest at Purchase 19,325.75 19,325.75 0 Subtotal 19,325.75 19,325.75 Total Cash and Investmentss 214,176,691.79 204,034,261.78 201,666,216.63 203,636,466.77 4.240 268 Portfolio CITY AP Run Date:08/21/2006.13:00 PM(PRF_PM2)SymRept 6.41.202 State of California Pooled Money Investment Account Market Valuation 7/31/2006 United States Treasury: Bills $ 1,765,463,516.64 $ 1,777,781,500.00 NA Notes $ 899,546,795.50 $ 895,182,000.00 $ 6,646,821.00 Federal Agency: SBA $ 715,359,822.08 $ 708,974,298.07 $ 6,068,174.97 MBS $ 656,822,604.51 $ 629,418,781.73 $ 2,902,681.22 Bonds $ 9,374,210,405.26 $ 9,332,873,524.30 $ 109,015,947.07 Floaters $ - $ - $ - Discount Notes $ 7,656,164,898.72 $ 7,733,232,500.00 NA FHLMC PC $ 1,077,423.87 $ 1,113,919.67 $ 17,411.59 GNMA $ 237,569.17 $ 261,854.79 $ 2,363.56 Bankers Acceptances $ - $ - NA Bank Notes $ 1,100,000,000.00 $ 1,099,833,556.00 $ 9,601,750.01 CDs $ 12,787,406,155.46 $ 12,783,282,026.34 $ 121,485,466.24 Commercial Paper $ 7,589,067,569.44 $ 7,639,715,696.67 NA Corporate: Floaters $ 250,482,704.39 $ 250,114,100.00 $ 1,841,745.89 Bonds $ 722,601,325.71 $ 716,938,765.75 $ 14,399,314.17 Repurchase Agreements $ - NA Reverse Repurchase $ (248,065,000.00) $ (248,065,000.00) $ (729,476.92) Time Deposits $ 8,000,495,000.00 $ 8,000,495,000.00 NA AB 55&GF Loans $ 8,248,846,875.95 $ 8,248,846,875.95 NA TOTAL 1 $ 59,519,717,666.70 $ 59,569,999,399.27 1 $ 271,252,198.80 Fair Value Including Accrued Interest $ 59,841,251,598.07 Repurchase Agreements, Time Deposits, AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of June 30,2006 Summary of investments by type Market Value Market Value Par Value Investment Type as of 5/31/06 as of 6/30/06 $7,812,657 Local Agency Investment Fund(LAIF) $8,277,955 $7,812,657 $0 Federal Agency Issues $0 $0 $8,236,508 Investment Agreements $8,190,455 $8,236,508 $2,173,465 Money Market Funds $2,315,696 $2,173,465 $330,488 US Treasury Securities $330,488 $330,488 $18,553,118 $19,114,594 $18,553,118 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 5/31/06 as of 6/30/06 $2,510,998 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,535,983 $2,510,998 $4,213,991 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $4,795,170 $4,213,991 $1,649,783 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,836 $1,649,783 $519,203 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $514,117 $519,203 $2,042,362 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,041,976 $2,042,362 $2,697,305 Huntington Beach PFA- 2001 Series B(1993 Civic Center& Police Administration Bldg. Refinance) $2,696,756 $2,697,305 $1,294,083 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,289,527 $1,294,083 $174,198 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,185 $174,198 $1,634,053 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,586,763 $1,634,053 $769,148 Redevelopment Agency of Huntington Beach-1999 Tax Allocation Refunding Bonds $761,556 $769,148 $872,849 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $873,319 $872,849 $126,811 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $147,255 $126,811 $48,335 HB Public Finance Authority 1992 Revenue Bonds $48,151 $48,335 $18,553,118 $19,114,594 $18,553,118 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2006 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (3-31-06) (6-30-06) ICMA Retirement Corporation(457 Plan) $22,218,364 $1,104,269 ($858,811) ($311,272) ($200) $22,152,351 ICMA Retirement Corporation (401 Plan) $621,382 $36,043 $0 ($9,137) $0 $648,287 Nationwide Retirement Solutions (457 Plan) $51,482,375 $828,456 ($979,260) ($372,009) ($215) $50,959,347 Trust Deeds $17,532 ($17,532) $0 Total Deferred Compensation Plan Balances $74,339,652 $1,968,768 ($1,855,603) ($692,418) ($415) $73,759,985 City of Huntington Beach Deferred Compensation Plan Summary Information - REVISED as of March 31, 2006 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (12-31-05) (3-31-06) ICMA Retirement Corporation (467 Plan) $21,103,177 $432,857 ($126,114) $809,595 ($1,150) $22,218,364 ICMA Retirement Corporation (401 Plan) $561,938 $30,764 $0 $28,679 $0 $621,382 Nationwide Retirement Solutions (457 Plan)* $49,917,647 $1,027,594 ($1,002,594) $1,539,879 ($150) $51,482,375 Trust Deeds $17,532 $0 $0 $0 $0 $17,532 Total Deferred Compensation Plan Balances $71,600,294 $1,491,215 ($1,128,708) $2,378,152 ($1,300) $74,339,652 *Revised statement received adjusting distributions/transfers and ending balance amounts due to error made by Nationwide in March 2006. PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA July Report y 5 & g S 'A" 11 Shari L . Freidenrich , CPA, CCMT , CPFA September 18, 2006 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA July 2006 Investment Summary ( in millions) Financial Information: June July Inc./(Dec.) End of Month City Portfolio $221 .809 $203.517 ($18.292) End of Month Market Value $219.567 $201 .637 ($17.930) Interest Earned for Month $0.765 $0.764 ($0.001 ) Earned Interest Yield Year to Date 3.78% 3.83% 0.05% Average Maturity ( in days) 259 268 9 YTD Average Daily Balance $195.464 $197.372 $1 .908 Summary by Type: July % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $106.451 52% None 439 3.70% LAIF (State Pool) $29.444 14% $40 million 1 4.85% U.S.Treasury Notes $21 .893 11 % None 233 4.08% Discount Comm. Paper $27.870 14% 25% 57 5.31 % Discount Federal Agy $5.987 3% None 16 5.07% Discount Treasury Note $11 .872 6% None 79 4.91 % Total $203.517 100% 268 4.24% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: July 2006 Investment Summary Report COUNCIL MEETING DATE: September 18, 2006 s Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Attached ❑ Contract/Agreement (w/exhibits if applicable) Not Applicable (Signed in full by the City Attorney) Subleases, Third Party Agreements, etc. Attached El Not Applicable (Approved as to form b City Attorney) Certificates of Insurance (Approved b the City Attome Attached ❑ ( pin Y Y Y) Not Applicable Fiscal Impact Statement (Unbudget, over $5,000) Attached ❑Not Applicable ❑ Bonds (If applicable) AttachedNot Applicable ❑ Staff Report (If applicable) AttachedNot Applicable Commission, Board or Committee Report If applicable) Attached ❑ p ( Pp ) Not Applicable z Find in s/Conditions for Approval and/or Denial Attached ❑ g pp Not Applicable g . FCF I:N+G;AT ►� tUITS � t� ;x RE ED4 � F Administrative Staff VIIA Assistant City Administrator (Initial) C City Administrator (Initial) ( ) City Clerk ) (BelowSpaceFor City Clerk's Use Only) RCA Author: SLF f P� t, 38 - 2446 BAR _1 I r -AC, Council/Agency Meeting Held: . tov 0 Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied C' Cl rk' ign re Council Meeting Date: 03/20/06 Departm JID Number: CT06-07 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASUR W. 1, PREPARED BY: SHARI L. FREIDENRICH, CITY TREASUR SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JANUARY 2006 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for January 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for January 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not Applicable Environmental Status: Not Applicable Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for January 2006 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. 1 January 2006 PowerPoint Presentation -3Ar Monthly Investment Report and Summary of Investments for January 2006 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for January 2006 City Investment Portfolio: December January Inc./(Dec.) End of month City Portfolio Balance $190,873,848 $204,979,431 $14,105,583 End of month General Fund Balance $29,234,532 $42,539,004 $13,304,472 Earned Interest Yield Average 3.52% 3.66% 0.14% Average Maturity ( in days) 361 321 (40) End of Month Market Value $188,842,281 $202,935,433 $14,093,152 End of month bank cash balance $3,611,542 $3,993,079 $381,537 Bond Proceeds Investments:* November December Inc./(Dec.) End of Month Bond Reserve Par Value $20,675,539 $20,402,551 ($272,988) End of Month Bond Reserve Market Value $20,675,539 $20,402,551 ($272,988) Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $69,915,390 $71,600,294 $1,684,904 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $247,750 $620,167 $372,417 Interest Earned Year to Date $991,000 $2,142,978 $1,151,978 Earned Interest Yield Year to Date 3.25% 3.50% 0.25% *Bond Proceeds Statements are issued monthly and may lag by more than one month. —Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days Int. January % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $95,475,953 46% None 588 3.33% Local Agency Inv. Fund (LAIF) $39,988,411 19% $40 million 1 3.96% Treasury Securities-Coupon $15,945,249 8% None 380 3.33% Medium Term Notes $999,894 1% 20% 98 5.80% Commercial Paper Disc. -Amortizing $22,811,614 11% 25% 66 4.46% Federal Agency Disc. -Amortizing $7,957,651 4% None 44 4.40% Treasury Discounts-Amortizing $21,800,659 11% None 79 4.10% $204,979,431 100% 321 3.71% City of HB Portfolio Management Portfolio Summary January 31, 2006 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 95,490,000.00 93,649,611.40 95,475,952.76 46.58 1,154 588 3.286 3.332 Local Agency Investment Funds 39,988,411.46 39,988,411.46 39,988,411.46 19.51 1 1 3.901 3.955 Treasury Securities-Coupon 16,000,000.00 15,740,780.00 15,945,248.83 7.78 818 380 3.282 3.328 Medium Term Notes 1,000,000.00 1,002,530.00 999,893.85 0.49 1,826 98 5.720 5.799 Commercial Paper Disc.-Amortizing 23,000,000.00 22,805,040.00 22,811,613.89 11,13 122 66 4.400 4.461 Federal Agency Disc.-Amortizing 8,000,000.00 7,957,200.00 7,957,651.10 3.88 56 44 4.339 4.399 Treasury Discounts-Amortizing 22,000,000.00 21,791,860.00 21,800,659.44 10.64 135 79 4.045 4.101 205,478,411.46 202,935,432.86 204,979,431.33 100.00% 640 321 3.663 3.714 Investments Cash and Accrued Interest Accrued Interest at Purchase 18,262.97 18,262.97 Subtotal 18,262.97 18,262.97 Total Cash and Investments 205,478,411.46 202,953 695.83 204,997,694.30 640 321 3.663 3.714 Total Earnings January 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 620,166.98 2,142,977.87 Current Budget 247,750.00 991,000.00 2,973,000.00 Last Year Actual 392,827.67 1,341,072.21 4,935,645.34 Average Daily Balance 199,3249742.82 181,532,220.62 • Effective Rate of Return 3.66% 3.50% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 19,2005. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and Interactive Data Corporation. Y - 3 3 -d �O S I . FREIDENRIC ,CITY TREASURER Reporting period 01101/2006-01/31/2006 Portfolio CITY AP Run Date:02117/2006-17:23 PM(PRF_PM1)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments January 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1,973,760.00 2,000,000.00 2.730 AAA 2.730 239 09/28/2006 31331TT04 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 979,690.00 1,000,000.00 2.850 AAA 2.850 384 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 973,440.00 1,000,000.00 3.500 AAA 3.500 804 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,957,500.00 2,000,000.00 4.000 AAA 4.000 1,000 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,955,000.00 2,000,000.00 4.000 AAA 4.000 1,048 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,963,760.00 2,000,000.00 3.700 AAA 3.700 639 11/02,12007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,976,260.00 1,998,694.85 4.620 AAA 4.642 1,188 05/04/2009 31331SXV0 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,975,000.00 2,000,000.00 4.450 AAA 4.450 1,027 11/24/2008 31331SXP3 3310 Federal Farm Credit Bank 05/23/2005 2,000,000.00 1,993,760.00 2,000,000.00 3.650 AAA 3.650 111 05/23/2006 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,958,120.00 2,000,000.00 4.480 AAA 4.480 1,601 06/21/2010 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,928,120.00 2,000,000.00 3.020 AAA 3.020 796 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,946,880.00 2,000,000.00 2.400 AAA 2.400 408 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,945,620.00 2,000,000.00 2.270 AAA 2.270 356 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,931,880.00 2,000,000.00 3.320 AAA 3.320 908 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,912,500.00 2,000,000.00 2.900 AAA 2.900 909 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,811,853.00 1,850,000.00 4.000 AAA 4.000 971 09/29/2008 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,100,538.40 2,133,116.20 2.375 AAA 2.805 285 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 986,250.00 1,000,000.00 2.640 AAA 2.641 240 09/29/2006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,962,500.00 2,000,000.00 3.000 AAA 3.000 384 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,943,760.00 2,000,000.00 2.800 AAA 2.801 530 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,957,500.00 2,000,000.00 3.070 AAA 3.070 450 04/27/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,472,340.00 1,491,711.70 2.750 AAA 3.390 330 12/28/2006 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,951,260.00 2,000,000.00 3.260 AAA 3.260 604 09/28/2007 3133X9GC8 3269 Federal Home Loan Bank 11/30/2004 2,000,000.00 1,980,620.00 2,000,000.00 3.000 AAA 3.000 210 08/30/2006 3133X9NH9 3272 Federal Home Loan Bank 11/30/2004 2,000,000.00 1,981,260.00 2,000,000.00 3.080 AAA 3.080 210 08/30/2006 • 3133X9TP5 3277 Federal Home Loan Bank 12/28/2004 2,000,000.00 1,973,760.00 2,000,000.00 3.345 AAA 3.345 330 12/28/2006 3133X9UT5 3278 Federal Home Loan Bank 12/29/2004 2,000,000.00 1,980,620.00 2,000,000.00 3.280 AAA 3.280 240 09/29/2006 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,978,760.00 2,000,000.00 4.010 AAA 4.010 478 05/25/2007 3133XC3S0 3315 Federal Home Loan Bank 06/29/2005 2,000,000.00 1,986,880.00 2,000,000.00 3.760 AAA 3.760 240 09/29/2006 3133XDFK2 3328 Federal Home Loan Bank 10/27/2005 2,000,000.00 1,997,500.00 2,000,000.00 4.100 AAA 4.100 85 04/27/2006 3133XDV81 3331 Federal Home Loan Bank 11/30/2005 2,000,000.00 1,997,500.00 2,000,000.00 4.560 AAA 4.560 210 08/30/2006 3133XEA82 3341 Federal Home Loan Bank 12/29/2005 2,000,000.00 1,998,120.00 2,000,000.00 4.625 AAA 4.625 240 09/29/2006 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,917,480.00 2,000,000.00 3.000 AAA 3.000 902 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,933,180.00 2,000,000.00 3.000 AAA 3.000 721 01/23/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1,000,000.00 991,820.00 1,000,000.00 2.625 AAA 2.625 149 06/30/2006 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,958,420.00 2,001,396.34 2.750 AAA 2,678 373 02/09/2007 3128X1DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1,961,880.00 2,001,547.50 2.500 AAA 2.404 306 12/04/2006 Portfolio CITY Run Date:02/17/2006-17:23 AP PM(PRF_PM2)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management page 3 Portfolio Details - Investments January 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,958,420.00 2,002,572.43 2.750 AAA 2.618 373 02/09/2007 312BX3091 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,948,780.00 2,000,000.00 3.560 AAA 3.560 814 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,952,180.00 2,000,000.00 4.125 AAA 4,125 1,386 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,948,900.00 2,000,000.00 3.600 AAA 3.600 841 05/22/2008 3136F3VT0 3193 Fed.Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 1,980,000.00 1,996,817.92 2.100 AAA 2.510 145 06/26/2006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 1,967,500.00 2,000,000.00 3.000 AAA 3.000 331 12/29/2006 • 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 03/22/2004 2,000,000.00 1,979,380.00 2,002,437.49 2.750 AAA 2.510 191 08/11/2006 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,930,620.00 2,000,000.00 3.610 AAA 3.610 1,153 03/30/2009 31359MSCB 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,931,880.00 1,997,658.33 3.250 AAA 2.052 854 06/04/2008 3136F6EY1 3258 Fed.Nat'l Mort.Assoc. 10/12/2004 2,000,000.00 1,985,620.00 2,000,000.00 3.000 AAA 2.875 161 07/12/2006 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 1,955,620.00 2,000,000.00 4.250 AAA 4.250 1,336 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,953,120.00 2,000,000.00 3.700 AAA 3.700 842 05/23/2008 3136F6PB9 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,962,500.00 2,000,000.00 3,700 AAA 3.080 656 11/19/2007 Subtotal and Average 96,894,498.74 95,490,000.00 93,649,611.40 95,475,952.76 3.332 588 Local Agency Investment Funds SYS982 982 Laif City 19,995,166.00 19,995,166.00 19,995,166.00 3.955 NR 3.955 1 SYS2206 2206 LAIF-Redevelopment Agency 19,993,245.46 19,993,245.46 19,993,245.46 3.955 NR 3.955 1 Subtotal and Average 39,959,570.77 39,988,411.46 39,988,411.46 39,988,411.46 3.955 1 Treasury Securities-Coupon 912828CF5 3234 US Treasury Notes 05/12/2004 2,000,000.00 1,989,220.00 1,998,448.82 2.250 AAA 2.580 88 04/30/2006 912828CG3 3235 US Treasury Notes 05/17/2004 2,000,000.00 1,964,060.00 1,998,177.51 3.125 AAA 3.195 468 05/15/2007 91282BANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,947,820.00 1,984,064.25 3.000 AAA 3.473 652 11/15/2007 9128277F3 3246 US Treasury Notes 06/14/2004 2,000,000.00 1,983,040.00 2,006,391.76 3.500 AAA 3.068 287 11/15/2006 • 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,947,820.00 1,997,966.00 3.000 AAA 3.060 652 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,947,100.00 1,991,493.06 2,750 AAA 3.034 560 08/15/2007 912828CK4 3322 US Treasury Notes 09/23/2005 2,000,000.00 1,986,800,00 1,991,521.25 2,500 AAA 3.824 119 05/31/2006 912828CU2 3350 US Treasury Notes 01/06/2006 2,000,000.00 1,974,920.00 1,977,186.18 2.375 AAA 4.403 211 08/31/2006 Subtotal and Average 15,623,515.49 16,000,000.00 15,740,780.00 15,945,248.83 3.328 380 Medium Term Notes 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,002,530.00 999,893.85 5.750 Aa 5.799 98 05/10/2006 Subtotal and Average 999,878.80 1,000,000.00 1,002,530.00 999,893.85 5.799 98 Portfolio CITY Run Date:02/17/2006-17:23 AP PM(PRF PM2)SymRept 6.41.202 City of HB Portfolio Management Page 4 Portfolio Details - Investments January 31, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Commercial Paper Disc.-Amortizing 03523DC92 3339 Anheuser Busch 12/09/2005 2,000,000.00 1,991,000.00 1,991,420.00 4.290 P-1 4.397 36 03/09/2006 17307SBTB 3337 Citigroup Global 11/23/2005 2,000,000.00 1,993,500.00 1,993,832.22 4.270 P-1 4.379 26 02/27/2006 17307SFW7 3342 Citigroup Global 12/20/2006 3,000,000.00 2,942,760.00 2,944,125.00 4.500 P-1 4.725 149 06/30/2006 36959JBQ5 3335 General Electric Capital Corp 11/23/2005 2,000,000.00 1,994,260.00 1,994,556.67 4.260 P-1 4.367 23 02/24/2006 36959JGE7 3345 General Electric Capital Corp 12/21/2005 2,000,000.00 1,958,160.00 1,959,431.11 4.480 P-1 4.709 163 07/14/2006 43357MC65 3349 Hitachi Capital Amer Corp 12/30/2005 2,000,000.00 1,991,760.00 1,991,970.00 4.380 P-1 4.477 33 03/06,12006 7170P3617 3332 Pfizer,Inc. 11/17/2005 2,000,000.00 2,000,000,00 2,000,000.00 4.170 P-1 4.265 0 02/01/2006 8225X1BA3 3343 Shell International Finance 12/20/2005 2,000,000.00 1,997,760.00 1,997,860.00 4.280 P-1 4.366 9 02/10/2006 8225X1CX2 3344 Shell International Finance 12/20/2005 2,000,000.00 1,985,440.00 1,985,983.34 4.350 P-1 4.465 58 03/31/2006 82434UGJO 3351 Sherwin-Williams 01/06/2006 2,000,000.00 1,957,140.00 1,958,435.55 4.480 P-1 4.681 167 07/18/2006 90262DBU8 3326 UBS Finance Delaware LLC 09/29/2005 2,000,000.00 1,993,260.00 1,994,000.00 4.000 P-1 4.125 27 02/28/2006 Subtotal and Average 22,455,436.21 23,000,000.00 22,805,040.00 22,811,613.89 4.461 66 Federal Agency Disc.-Amortizing 313385TB2 3356 Federal Home Loan Bank 01/20/2006 2,000,000.00 1,996,800.00 1,996,952.22 4.220 AAA 4.291 13 02/14/2006 313397UY5 3354 Federal Home Loan Mort Corp 01/20/2006 2,000,000.00 1,986,000.00 1,986,015.55 4.340 AAA 4.438 58 03/31/2006 313397URO 3355 Federal Home Loan Mort Corp 01/20/2006 2,000,000.00 1,987,600.00 1,987,703.33 4.340 AAA 4.434 51 03/24/2006 313397UU3 3357 Federal Home Loan Mort Corp 01/20/2006 2,000,000.00 1,986,800.00 1,986,980.00 4.340 AAA 4.436 54 03/27/2006 Subtotal and Average 3,078,341.94 8,000,000.00 7,957,200.00 7,957,651.10 4.399 44 Treasury Discounts-Amortizing 912795WV9 3327 United States Treasury Bills 09/29/2005 2,000,000.00 1,986,800.00 1,988,220.00 3.720 AAA 3.844 57 03/30/2006 912795WP2 3333 United States Treasury Bills 11/17/2005 2,000,000.00 1,996,680.00 1,996,750.11 3.900 AAA 3.993 15 02/16/2006 912795WM9 3334 United States Treasury Bills 11/18/2005 2,000,000.00 1,999,800.00 1,999,786.95 3.835 AAA 3.920 1 02/02/2006 912795WT4 3336 United States Treasury Bills 11/23/2005 2,000,000.00 1,990,120.00 1,990,731.11 3.880 AAA 3.982 43 03/16/2006 912795WQO 3338 United States Treasury Bills 12/09/2005 2,000,000.00 1,995,020.00 1,995,392.16 3.770 AAA 3.853 22 02/23/2006 912795WR8 3340 United States Treasury Bills 12/09/2005 2,000,000.00 1,993,220.00 1,993,861.67 3.810 AAA 3.897 29 03/02/2006 912795XG1 3346 United States Treasury Bills 12/21/2005 2,000,000.00 1,967,720.00 1,968,919.61 4.175 AAA 4.321 134 06/15/2006 912795XF3 3347 United States Treasury Bills 12/21/2005 2,000,000.00 1,969,520.00 1,970,755.43 4.145 AAA 4.286 127 06/08/2006 912795XE6 3348 United States Treasury Bills 12/22/2005 2,000,000.00 1,971,160.00 1,972,600.00 4.110 AAA 4.245 120 06/01/2006 912795XK2 3352 United States Treasury Bills 01/06/2006 2,000,000.00 1,962,680.00 1,963,920.11 4.190 AAA 4.340 155 07/06/2006 912795XM8 3353 United States Treasury Bills 01/19/2006 2,000,000.00 1,959,140.00 1,959,722.29 4.290 AAA 4.446 169 07/20/2006 Subtotal and Average 20,313,500.87 22,000,000.00 21,791,860.00 21,800,659.44 4.101 79 Portfolio CITY AP Run Date:02/17/2006-17:23 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 5 Portfolio Details - Investments January 31, 2006 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Total and Average 199,324,742.82 205,478,411.46 202,935,432.86 204,979,431.33 3.714 321 i Portfolio CITY Run Date:02/17/2006-1723 AP PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page Portfolio Details - Cash January 31, 2006 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 18,262,97 18,262.97 0 Subtotal 18,262.97 18,262.97 Total Cash and Investmentss 199,324,742.82 205,478,411.46 202,953,695.83 204,997,694.30 3.714 321 • Portfolio CITY Run Date:02/17/2006-17:23 AP PM(PRF PM2)SyrnRept 6.41,202 City of HB Portfolio Management Pagel Activity By Type January 1, 2006 through January 31, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31339YFL1 3198 Federal Home Loan Bank 1.885 01/23/2006 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 95,475,952.76 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 3.955 180,293.17 60,000.00 • SYS2206 2206 LAIF-Redevelopment Agency 3.955 174,211.95 150,000.00 Subtotal 354,505.12 210,000.00 39,988,411.46 Treasury Securities-Coupon 912828CU2 3350 US Treasury Notes 2.375 01/06/2006 1,974,375.00 0.00 Subtotal 1,974,375.00 0.00 15,945,248.83 Medium Term Notes Subtotal 999,893.85 Commercial Paper Disc.-Amortizing 82434UGJO 3351 Sherwin-Williams 4.480 01/06/2006 1,951,964.44 0.00 Subtotal 1,951,964.44 0.00 22,811,613.89 Federal Agency Disc.-Amortizing 313385TB2 3356 Federal Home Loan Bank 4.220 01/20/2006 1,994,138.89 0.00 313397UY5 3354 Federal Home Loan Mort Corp 4.340 01/20/2006 1,983,122.22 0.00 313397URO 3355 Federal Home Loan Mort Corp 4.340 01/20/2006 1,984,810.00 0.00 313397UU3 3357 Federal Home Loan Mort Corp 4.340 01/20/2006 1,984,086.67 0.00 • Subtotal 7,946,157.78 0.00 7,957,651.10 Treasury Discounts-Amortizing 912795XK2 3352 United States Treasury Bills 4.190 01/06/2006 1,957,868.00 0.00 912795XMB 3353 United States Treasury Bills 4.290 01/19/2006 1,956,624.00 0,00 Subtotal 3,914,492.00 0.00 21,800,659.44 Total 16,141,494.34 2,210,000.00 204,979,431.33 Portfolio CITY AP Run Date:02/17/2006-17:23 PM(PRF PM3)SymRept 6,41.202 Report Ver.5.00 City of H B Portfolio Management Page 8 Activity Summary January 2005 through January 2006 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity January 2005 72 165,169,481.09 2.788 2.827 2.264 4 3 748 541 February 2005 73 166,503,820.91 2.799 2.838 2.368 4 3 747 535 March 2005 74 165,573,718.20 2.864 2.903 2.542 4 3 743 512 April 2005 75 167,640,670.68 2.895 2.936 2.724 4 3 707 471 May 2005 82 183,991,887.77 3.033 3.075 2.856 12 5 699 465� June 2005 83 190,107,380.21 3.109 3.152 2.967 3 2 711 460 July 2005 79 183,248,494.10 3.159 3.202 3.083 2 6 747 462 August 2005 75 176,696,907.30 3.181 3.226 3.179 0 4 747 442 September 2005 73 173,309,998.31 3.278 3.323 3.324 9 11 745 435 October 2005 72 173,891,765.10 3.315 3.361 3.458 3 4 766 425 November 2005 74 170,429,038.72 3.415 3.462 3.636 7 5 740 398 December 2005 80 182,125,168.68 3.559 3.608 3.808 12 6 685 361 January 2006 87 199,324,742.82 3.663 3.714 3.955 8 1 640 321 Average 77 176,862,138.23 3.158% 3.202% 3.090 6 4 725 448 • Portfolio CITY AP Run Date:02/17/2006-17:23 PM(PRF_PM4)SyrnRept 6,41.202 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type January 2005 through January 2006 January February March April May June July August September October November December January Average Security Type 2005 2005 2005 2005 2005 2005 2005 2005 2005 2005 2005 2005 2006 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 51.0 52.1 51.5 48.9 49.3 50.8 52.5 53.1 52.4 55.1 54.4 51.1 46.6 51.5% Local Agency Investment Funds 22.5 19.4 19.2 20.7 19.5 19.4 17.5 21.1 22.8 21.7 22.7 20.9 19.5 20.5% Treasury Securities-Coupon 7.7 9.0 8.9 8.6 7.9 7.8 7.3 6.8 8.0 8.2 8.0 7.3 7.8 8035 Medium Term Notes 2.1 1.5 1.5 1.4 1.3 1.3 1.4 1.4 1.4 1.5 1.4 0.5 0.5 1.3 0 Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 5.9 7.2 5.9 3.4 6.3 6.2 7.8 5.7 6.8 4.7 5.7 10.9 11.1 6.7% Federal Agency Disc.-Amortizing 1.2 2.3 5.7 5.7 6.2 4.5 2.3 2.4 3.9 2.6% Treasury Discounts-Amortizing 9.5 10.8 13.0 14.8 10.0 8.8 7.3 7.4 6.3 6.5 7.9 9.3 10.6 9.4% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:02/17/2006-17:23 PM(PRF PM5)SymRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 1/31/2006 in rQ t United States Treasury: Bills $ 1,721,340,472.23 $ 1,728,758,000.00 NA Notes $ 3,416,271,696.92 $ 3,396,167,250.00 $ 17,075,757.75 Federal Agency: SBA $ 730,377,859.03 $ 723,753,850.39 $ 5,003,674.30 MBS $ 745,938,670.50 $ 721,940,232.70 $ 3,281,396.02 Bonds $ 8,221,847,041.24 $ 8,150,115,569.57 $ 82,623,738.67 Floaters $ - $ - $ - Discount Notes $ 6,116,758,590.39 $ 6,166,525,000.00 NA FHLMC PC $ 1,500,514.62 $ 1,575,978.12 $ 24,207.79 GNMA $ 255,720.72 $ 282,627.17 $ 2,546.37 Bankers Acceptances $ - $ - NA Bank Notes $ 1,699,992,685.60 $ 1,699,445,912.50 $ 15,529,916.67 CDs $ 12,345,115,689.08 $ 12,340,035,198.42 $ 103,269,600.07 Commercial Paper $ 9,221,456,693.52 $ 9,284,027,750.12 NA Corporate: Floaters $ 201,701,275.82 $ 201,284,445.40 $ 1,602,492.19 Bonds $ 756,512,622.80 $ 746,197,169.53 $ 15,324,292.51 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 7,688,995,000.00 $ 7,688,995,000.00 NA AB 55&GF Loans $ 7,493,515,245.64 $ 7,493,515,245.64 NA TOTAL $ 60,361,579,778.11 $ 60,342,619,229.56 $ 243,737,622.34 Fair Value Including Accrued Interest $ 60,586,356,851.90 Repurchase Agreements, Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of December 31,2005 Summary of investments by type Market Value Market Value Par Value Investment Type as of 11/30/05 as of 12/31/05 $8,917,679 Local Agency Investment Fund (LAIF) $8,889,783 $8,917,679 $0 Federal Agency Issues $0 $0 $8,190,455 Investment Agreements $8,190,455 $8,190,455 $2,963,929 Money Market Funds $3,264,813 $2,963,929 $330,488 US Treasury Securities $330,488 $330,4 $20,402,551 $20,675,539 $20,402,551 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 11/30/05 as of 12/31/05 $2,492,951 City of Huntington Beach-2004 Judgment Obligation Bonds (Property Tax Refunds) $2,476,218 $2,492,951 $6,160,453 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $6,453,347 $6,160,453 $1,649,962 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,961 $1,649,962 $516,291 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $512,286 $516,291 $2,045,881 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,045,718 $2,045,881 $2,697,414 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,697,196 $2,697,4 $1,257,954 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,254,396 $1,257,0 $173,945 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $173,944 $173,945 $1,587,547 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,586,992 $1,587,547 $813,185 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $806,927 $813,185 $872,775 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $882,494 $872,775 $134,193 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $136,061 $134,193 $0 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $0 $0 $20,402,551 $20,675,539 $20,402,551 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2005 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (9-30-05) (12-31-05) ICMA Retirement Corporation (457 Plan) $20,508,562 $661,106 ($529,130) $462,735 ($96) $21,103,177 ICMA Retirement Corporation (401 Plan) $527,361 $23,562 $0 $11,014 $0 $561,938 i Nationwide Retirement Solutions (457 Plan) $48,861,935 $862,433 ($720,135) $913,514 ($100) $49,917,647 Trust Deeds $17,532 $0 $0 $0 $0 $17,532 Total Deferred Compensation Plan Balances $69,915,390 $1,547,101 ($1,249,265) $1,387,263 ($196) $71,600,294 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari.L. Freidenrich, CPA, CCMT, CPFA January Treasurer' s Report .......... Shari L . Freidenrich , CPA, CCMT , CPFA � March 20, 2006 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA January 2006 Investment Summary ( in millions) Financial Information: December January Inc./(Dec.) End of Month City Portfolio $190.874 $204.979 $14.105 End of Month Market Value $188.842 $202.935 $14.093 Interest Earned for Month $0.545 $0.620 $0.075 Earned Interest Yield Year to Date 3.45% 3.50% 0.05% Average Maturity ( in days) 361 321 (40) YTD Average Daily Balance $175.537 $181 .532 $5.995 Summary by Type: January % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $95.476 46% None 588 3.33% LAI F (State Pool) $39.988 19% $40 million 1 3.96% U.S.Treasury Notes $15.945 8% None 380 3.33% Medium Term Notes $1 .000 1 % 20% 98 5.80% Discount Comm. Paper $22.811 11 % 25% 66 4.46% Discount Federal Agy $7.958 4% None 44 4.40% Discount Treasury Note $21 .801 11 % None 79 4.10% Total $204.979 100% 321 3.71% RCA ROUTING SH ET INITIATING DEPARTMENT: City Treasurer SUBJECT:. January 2006 Investment Summary Report COUNCIL MEETING DATE: March 20, 2006 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Appiicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) AttachedNot Applicable (Signed in full by the City Attorney) Attached ❑ Subleases, Third Party Agreements, etc. Not Applicable (Approved as to form by City Attorney) Certificates of Insurance (Approved b the City Attorne Attached ❑ ( pin Y Y Y) Not Applicable Attached Fiscal Impact Statement (Unbud et, over$5,000) ❑ Not Applicable Attached ❑ Bonds (If applicable) Not Applicable Attached ❑ Staff Report (If applicable) Not Applicable Commission, Board or Committee Report if applicable) Attached ❑ p ( pp ) Not Applicable s/Conditions for Approval and/or Denial Attached Findin ❑ g pp Not Applicable EXPLANATION R MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff ) Assistant City Administrator (initial) ( ) ( P City Administrator (Initial) ( ) ( ) City Clerk EXPLANATION FOR RETURN OF ITEM: Only)(Below Space For City Clerk's Use RCA Author: SLF 7D 2006 Pr' P 11-13: 35 C Council/Agency Meeting d. Deferred/Continued to:- A(Approved L3 Conditionally Approved -'L'I-Denied , City Clerk's SignaWe Council Meeting Date: 04/17/06 Department ID Number: CT06-08 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASUR F-5f, PREPARED BY: SHARI L. FREIDENRICH, CITY TREASUR�� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S FEBRUARY 2006 INVESTMENT SUMMARY REPORT Statement of issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for February 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for February 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not Applicable Environmental Status: Not Applicable Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for February 2006 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. 1 February 2006 PowerPoint Presentation (f - 3 A Monthly Investment Report and Summary of Investments for February 2006 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for February 2006 City Investment Portfolio: January February Inc./(Dec.) End of month City Portfolio Balance $204,979,431 $199,418,230 ($5,561,201) End of month General Fund Balance $42,539,004 $39,219,065 ($3,319,939) Earned Interest Yield Average 3.66% 3.90% 0.24% Average Maturity ( in days) 321 315 (6) End of Month Market Value $202,935,433 $197,305,386 ($5,630,047) End of month bank cash balance $3,993,079 $4,153,771 $160,692 Bond Proceeds Investments:* November December Inc./(Dec.) End of Month Bond Reserve Par Value $20,675,539 $20,402,551 ($272,988) End of Month Bond Reserve Market Value $20,675,539 $20,402,551 ($272,988) Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $69,915,390 $71,600,294 $1,684,904 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $247,750 $604,563 $356,813 Interest Earned Year to Date $1,238,750 $2,747,541 $1,508,791 Earned Interest Yield Year to Date 3.25% 3.58% 0.33% *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days Int. February %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $95,477,359 48% None 560 3.33% Local Agency Inv. Fund (LAIF) $39,438,411 20% $40 million 1 4.04% Treasury Securities-Coupon $15,951,447 8% None 352 3.33% Medium Term Notes $999,926 1% 20% 70 5.80% Commercial Paper Disc. -Amortizing $18,809,118 9% 25% 80 4.61% Federal Agency Disc. -Amortizing $10,921,025 5% None 56 4.54% Treasury Discounts-Amortizing $17,820,944 9% None 85 4.22% $199,418,230 100% 315 3.75% City of HB Portfolio Management Portfolio Summary February 28, 2006 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 95,490,000.00 93,597,554.90 95,477,358.91 47.88 1,154 560 3.286 3.332 Local Agency Investment Funds 39,438,411.46 39,438,411.46 39,438,411.46 19.78 1 1 3.988 4.043 Treasury Securities-Coupon 16,000,000.00 15,738,360.00 15,951,447.29 8.00 818 352 3.283 3.328 Medium Term Notes 1,000,000.00 1,001,610.00 999,926.02 0.50 1,826 70 5.720 5.799 Commercial Paper Disc.-Amortizing 19,000,000.00 18,799,190.00 18,809,118.32 9.43 133 80 4.551 4.614 Federal Agency Disc.-Amortizing 11,000,000.00 10,919,900.00 10,921,024.72 5.48 81 56 4.477 4.539 Treasury Discounts-Amortizing 18,000,000.00 17,810,360.00 17,820,943.49 8.94 159 85 4.157 4.215 199,928,411.46 197,305,386.36 199,418,230.21 100.00% 658 315 3.699 3.750 Investments Cash and Accrued Interest Accrued Interest at Purchase 1,467.39 1,467.39 Subtotal 1,467.39 1,467.39 Total Cash and Investments 199,928,411.46 197,306,853.75 199,419,697.60 658 315 3.699 3.750 Total Earnings February 28 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 604,562.82 2,747,540.69 Current Budget 247,750.00 1,238,750.00 2,973,000.00 Last Year Actual 385,206.00 1,726,278.21 4,935,645.34 Average Daily Balance 202,298,159.37 185,382,858.27 Effective Rate of Return 3.90% 3.58% I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 19,2005. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values pro ed by Union Bank via Merrill Lynch and Interactive Data Corporation. S . FREIDENRfCH,CITY TREASURER Reporting period 02/01/2006-02/28/2006 Portfolio CITY AP Run Date:03/27/2006-13:31 PM(PRF_PM1)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management page 2 Portfolio Details - Investments February 28, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1,975,620.00 2,000,000.00 2.730 AAA 2.730 211 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 980,310.00 1,000,000.00 2.850 AAA 2.850 356 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 971,880.00 1,000,000.00 3.500 AAA 3.500 776 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,953,120.00 2,000,000.00 4,000 AAA 4.000 972 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,950,620.00 2,000,000.00 4.000 AAA 4.000 1,020 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,961,260.00 2,000,000.00 3.700 AAA 3.700 611 11/02/2007 i•31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,971,880.00 1,998,728.23 4.620 AAA 4,642 1,160 05/04/2009 31331SXV0 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,971,260.00 2,000,000.00 4.450 AAA 4.450 999 11/24/2008 31331SXP3 3310 Federal Farm Credit Bank 05/23/2005 2,000,000.00 1,994,380.00 2,000,000.00 3.650 AAA 3.650 83 05/23/2006 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,953,120.00 2,000,000.00 4.480 AAA 4.480 1,573 06/21/2010 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,925,620.00 2,000,000.00 3.020 AAA 3.020 768 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,948,760.00 2,000,000.00 2.400 AAA 2.400 380 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,948,120.00 2,000,000.00 2.270 AAA 2.270 328 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,928,120.00 2,000,000.00 3.320 AAA 3.320 880 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,909,380.00 2,000,000.00 2.900 AAA 2.900 881 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,807,801.50 1,850,000.00 4.000 AAA 4.000 943 09/29/2008 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,103,213.40 2,133,848.52 2.375 AAA 2.805 257 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 987,190.00 1,000,000.00 2.640 AAA 2.641 212 09/29/2006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,963,120.00 2,000,000.00 3.000 AAA 3.000 356 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,943,760.00 2,000,000.00 2.800 AAA 2.801 502 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,958,120.00 2,000,000.00 3.070 AAA 3.070 422 04/27/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,473,750.00 1,492,472.09 2.750 AAA 3.390 302 12/28/2006 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,950,000.00 2,000,000.00 3.260 AAA 3.260 576 09/28/2007 3133X9GC8 3269 Federal Home Loan Bank 11/30/2004 2,000,000.00 1,981,880.00 2,000,000.00 3.000 AAA 3.000 182 08/30/2006 3133X9NH9 3272 Federal Home Loan Bank 11/30/2004 2,000,000.00 1,982,500.00 2,000,000.00 3.080 AAA 3.080 182 08/30/2006 3133X9TP5 3277 Federal Home Loan Bank 12/28/2004 2,000,000.00 1,974,380.00 2,000,000.00 3.345 AAA 3.345 302 12/28/2006 0 3133X9UT5 3278 Federal Home Loan Bank 12/29/2004 2,000,000.00 1,981,880.00 2,000,000.00 3.280 AAA 3.280 212 09/29/2006 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,977,500.00 2,000,000.00 4.010 AAA 4.010 450 05/25/2007 3133XC3S0 3315 Federal Home Loan Bank 06/29/2005 2,000,000.00 1,987,500.00 2,000,000.00 3.760 AAA 3.760 212 09/29/2006 3133XDFK2 3328 Federal Home Loan Bank 10/27/2005 2,000,000.00 1,997,500.00 2,000,000.00 4.100 AAA 4.100 57 04/27/2006 3133XDV81 3331 Federal Home Loan Bank 11/30/2005 2,000,000.00 1,996,260.00 2,000,000.00 4,560 AAA 4.560 182 08/30/2006 3133XEA82 3341 Federal Home Loan Bank 12/29/2005 2,000,000.00 1,996,880.00 2,000,000.00 4.625 AAA 4.625 212 09/29/2006 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,914,180.00 2,000,000.00 3.000 AAA 3.000 874 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,931,300.00 2,000,000.00 3.000 AAA 3.000 693 01/23/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1,000,000.00 992,690.00 1,000,000.00 2.625 AAA 2.625 121 06/30/2006 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,960,120.00 2,001,282.50 2.750 AAA 2.678 345 02/09/2007 3128X1DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1,964,380.00 2,001,394.28 2.500 AAA 2.404 278 12/04/2006 Portfolio CITY Run Date 03/27/2006-13:31 AP PM(PRF_PM2)SyrnRept 6.41,202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments February 28, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,960,120.00 2,002,362.72 2.750 AAA 2.618 345 02/09/2007 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,945,320.00 2,000,000.00 3.560 AAA 3.560 786 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,945,100.00 2,000,000.00 4.125 AAA 4.125 1,358 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,945,120.00 2,000,000.00 3.600 AAA 3.600 813 05/22/2008 3136F3VT0 3193 Fed.Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 1,982,500.00 1,997,476.28 2.100 AAA 2.510 117 06/26/2006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 1,968,760.00 2,000,000.00 3.000 AAA 3.000 303 12/29/2006• 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 03/22/2004 2,000.000.00 1,981,260.00 2,002,052.62 2.750 AAA 2,510 163 08/11/2006 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,925,000.00 2,000,000.00 3.610 AAA 3.610 1,125 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,930,000.00 1,997,741.67 3.250 AAA 2.052 826 06/04/2008 3136F6EY1 3258 Fed.Nat'l Mort.Assoc. 10/12/2004 2,000,000.00 1,986,260.00 2,000,000.00 3.000 AAA 2.875 133 07/12/2006 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 1,949,380.00 2,000,000.00 4.250 AAA 4.250 1,308 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,949,380.00 2,000,000.00 3.700 AAA 3.700 814 05/23/2008 3136F6PB9 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,960,000.00 2,000,000.00 3.700 AAA 3.080 628 11/19/2007 Subtotal and Average 95,476,635.75 95,490,000.00 93,597,554.90 95,477,358.91 3.332 560 Local Agency Investment Funds SYS982 982 Laif City 19,995,166.00 19,995,166.00 19,995,166.00 4.043 NR 4.043 1 SYS2206 2206 LAIF-Redevelopment Agency 19,443,245.46 19,443,245.46 19,443,245.46 4.043 NR 4.043 1 Subtotal and Average 38,284,840.03 39,438,411.46 39,438,411.46 39,438,411.46 4.043 1 Treasury Securities-Coupon 912828CF5 3234 US Treasury Notes 05/12/2004 2,000,000.00 1,992,260.00 1,998,942.37 2.250 AAA 2.580 60 04/30/2006 912828CG3 3235 US Treasury Notes 05/17/2004 2,000,000.00 1,962,900.00 1,998,286.54 3.125 AAA 3.195 440 05/15/2007 912828ANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,944,600.00 1,984,748.60 3.000 AAA 3.473 624 11/15/2007 91282771`3 3246 US Treasury Notes 06/14/2004 2,000,000.00 1,982,820.00 2,005,768.17 3.500 AAA 3.068 259 11/15/2006� 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,944,600.00 1,998,053.35 3.000 AAA 3.060 624 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,945,000.00 1,991,918.40 2.750 AAA 3.034 532 08/15/2007 912828CK4 3322 US Treasury Notes 09/23/2005 2,000,000.00 1,989,380.00 1,993,516.25 2.500 AAA 3.824 91 05/31/2006 912828CU2 3350 US Treasury Notes 01/06/2006 2,000,000.00 1,976,800.00 1,980,213.61 2.375 AAA 4.403 183 08/31/2006 Subtotal and Average 15,948,458.74 16,000,000.00 15,738,360.00 15,951,447.29 3.328 352 Medium Term Notes 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,001,610.00 999,926.02 5.750 Aa 5.799 70 05/10/2006 Subtotal and Average 999,909.47 1,000,000.00 1,001,610.00 999,926.02 5.799 70 Portfolio CITY Run Date:03/27/2006-13:31 AP PM(PRF PM2)SyrnRep16.41.202 City of FIB Portfolio Management Page 4 Portfolio Details - Investments February 28, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Commercial Paper Disc.-Amortizing 03523DC92 3339 Anheuser Busch 12/09/2005 2,000,000.00 1,998,000.00 1,998,093.33 4.290 P-1 4.397 8 03/09/2006 03523DF16 3359 Anheuser Busch 02/09/2006 2,000,000.00 1,975,780.00 1,976,795.55 4,540 P-1 4.669 92 06/01/2006 17307SFW7 3342 Citigroup Global 12/20/2005 3,000,000.00 2,951,910.00 2,954,625.00 4.500 P-1 4.725 121 06/30/2006 36959JGE7 3345 General Electric Capital Corp 12/21/2005 2,000,000.00 1,964,220.00 1,966,400.00 4.480 P-1 4.709 135 07/14/2006 36959JDA8 3361 General Electric Capital Corp 02/09/2006 2,000,000.00 1,989,840.00 1,990,000.00 4.500 P-1 4.597 40 04/10/2006 43357MC65 3349 Hitachi Capital Amer Corp 12/30/2005 2,000,000.00 1,998,760.00 1,998,783.33 4.380 P-1 4.477 5 03/06/2006 8225X1CX2 3344 Shell International Finance 12/20/2005 2,000,000.00 1,992,500.00 1,992,750.00 4.350 P-1 4.465 30 03/31/2006 82434UGJO 3351 Sherwin-Williams 01/06/2006 2,000,000.00 1,963,160.00 1,965,404.44 4.480 P-1 4.681 139 07/18/2006 82434UG87 3360 Sherwin-Williams 02/09/2006 2,000,000.00 1,965,020.00 1,966,266.67 4.600 P-1 4.756 132 07/11/2006 Subtotal and Average 23,150,713.35 19,000,000.00 18,799,190.00 18,809,118.32 4.614 80 Federal Agency Disc.-Amortizing 313313UB2 3362 Federal Farm Credit Bank 02/15/2006 2,000,000.00 1,997,800.00 1,997,810.00 4.380 AAA 4.453 9 03/10/2006 313397UY5 3354 Federal Home Loan Mort Corp 01/20/2006 2,000,000.00 1,992,600.00 1,992,766.67 4,340 AAA 4.438 30 03/31/2006 313397URO 3355 Federal Home Loan Mort Corp 01/20/2006 2,000,000.00 1,994,400.00 1,994,454.44 4.340 AAA 4.434 23 03/24/2006 313397UU3 3357 Federal Home Loan Mort Corp 01/20/2006 2,000,000.00 1,993,600.00 1,993,731.11 4.340 AAA 4.436 26 03/27/2006 313397ZX2 3363 Federal Home Loan Mort Corp 02/28/2006 3,000,000.00 2,941,500.00 2,942,262.50 4.650 AAA 4.808 149 07/28/2006 Subtotal and Average 8,002,300.53 11,000,000.00 10,919,900.00 10,921,024.72 4.539 56 Treasury Discounts-Amortizing 912795WV9 3327 United States Treasury Bills 09/29/2005 2,000,000.00 1,993,060.00 1,994,006.67 3.720 AAA 3.844 29 03/30/2006 912795WT4 3336 United States Treasury Bills 11/23/2005 2,000,000.00 1,996,380.00 1,996,766.67 3.880 AAA 3.982 15 03/16/2006 912795WR8 3340 United States Treasury Bills 12/09/2005 2,000,000.00 1,999,760.00 1,999,788.33 3.810 AAA 3.897 1 03/02/2006 912795XG1 3346 United States Treasury Bills 12/21/2005 2,000,000.00 1,973,780.00 1,975,414.02 4.175 AAA 4.321 106 06/15/2006 912795XF3 3347 United States Treasury Bills 12/21/2005 2,000,000.00 1,975,480.00 1,977,203.05 4.145 AAA 4.286 99 06/013/2006 912795XE6 3348 United States Treasury Bills 12/22/2005 2,000,000.00 1,977,260.00 1,978,993.33 4.110 AAA 4.245 92 06/01/2006 912795XK2 3352 United States Treasury Bills 01/06/2006 2,000,000.00 1,968,420.00 1,970,437.77 4.190 AAA 4.340 127 07/06/2006 912795XM8 3353 United States Treasury Bills 01/19/2006 2,000,000.00 1,964,840.00 1,966,395.52 4.290 AAA 4.446 141 07/20/2006 912796XP1 3358 United States Treasury Bills 02/02/2006 2,000,000.00 1,961,380.00 1,961,938.13 4.420 AAA 4.584 155 08/03/2006 Subtotal and Average 20,435,301.49 18,000,000.00 17,810,360.00 17,820,943.49 4.215 85 Total and Average 202,298,159.37 199,928,411.46 197,305,386.36 199,418,230.21 3.750 315 Portfolio CITY Run Date:03/27/2006-13:31 AP PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 5 Portfolio Details -Cash February 28, 2006 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 1,467.39 1,467.39 0 Subtotal 1,467.39 1,467.39 Total Cash and Investmentss 202,298,159.37 199,928,411.46 197,306,853.75 199,419,697.60 3.750 315 • • Portfolio CITY AP Run Dale:03/27/2006-13:31 PM(PRF_PM2)SyrnRept 6.41.202 City of HB Portfolio Management Page Activity By Type February 1, 2006 through February 28, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon Subtotal 95,477,358.91 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 4.043 900,000.00 900,000.00 SYS2206 2206 LAIF-Redevelopment Agency 4.043 6,450,000.00 7,000,000.00 • Subtotal 7,350,000.00 7,900,000.00 39,438,411.46 Treasury Securities-Coupon Subtotal 15,951,447.29 Medium Term Notes Subtotal 999,926.02 Commercial Paper Disc.-Amortizing 03523DF16 3359 Anheuser Busch 4.540 02/09/2006 1,971,751.11 0.00 17307SBT8 3337 Citigroup Global 4.270 02/27/2006 0.00 2,000,000.00 36959JBQ5 3335 General Electric Capital Corp 4.260 02/24/2006 0.00 2,000,000.00 36959JDA8 3361 General Electric Capital Corp 4.500 02/09/2006 1,985,000.00 0.00 717OP3B17 3332 Pfizer,Inc. 4.170 02/01/2006 0.00 2,000,000.00 8225X1BA3 3343 Shell International Finance 4.280 02/10/2006 0.00 2,000,000.00 82434UG67 3360 Sherwin-Williams 4.600 02/09/2006 1,961,155.56 0.00 90262DBU8 3326 UBS Finance Delaware LLC 4.000 02/28/2006 0.00 2,000,000.00 Subtotal 5,917,906.67 10,000,000.00 18,809,118.32 Federal Agency Disc.-Amortizing 313313UB2 3362 Federal Farm Credit Bank 4.380 02/15/2006 1,994,403.33 0.00 313385TB2 3356 Federal Home Loan Bank 4.220 02/14/2006 0.00 2,000,000.00 313397ZX2 3363 Federal Home Loan Mort Corp 4.650 02/28/2006 2,941,875.00 0.00 Subtotal 4,936,278.33 2,000,000.00 10,921,024.72 Treasury Discounts-Amortizing 912795W P2 3333 United States Treasury Bills 3.900 02/16/2006 0.00 2,000,000.00 912795WM9 3334 United States Treasury Bills 3.835 02/02/2006 0.00 2,000,000.00 912795W QO 3338 United States Treasury Bills 3.770 02/23/2006 0.00 2,000,000.00 912795XP1 3358 United States Treasury Bills 4.420 02/02/2006 1,955,308.00 0.00 Portfolio CITY AP Run Date:03/27,'2006-13:31 PM(PRF_PM3)SyrnRept 6,41.202 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity By Type February 1, 2006 through February 28, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Subtotal 1,955,308.00 6,000,000.00 17,820,943.49 Total 20,159,493.00 25,900,000.00 199,418,230.21 • Portfolio CITY AP Run Date:03/27/2006-13:31 PM(PRF_PM3)SymRept 6.41.202 City of HB Portfolio Management Page Activity Summary February 2005 through February 2006 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity February 2005 73 166,503,820.91 2.799 2.838 2.368 4 3 747 535 March 2005 74 165,573,718.20 2.864 2.903 2.542 4 3 743 512 April 2005 75 167,640,670.68 2.895 2.936 2.724 4 3 707 471 May 2005 82 183,991,887.77 3.033 3.075 2.856 12 5 699 465 June 2005 83 190,107,380.21 3.109 3.152 2.967 3 2 711 46� July 2005 79 183,248,494.10 3.159 3.202 3.083 2 6 747 46 August 2005 75 176,696,907.30 3.181 3.226 3.179 0 4 747 442 September 2005 73 173,309,998.31 3.278 3.323 3.324 9 11 745 435 October 2005 72 173,891,765.10 3.315 3.361 3.458 3 4 766 425 November 2005 74 170,429,038.72 3.415 3.462 3.636 7 5 740 398 December 2005 80 182,125,168.68 3.559 3.608 3.808 12 6 685 361 January 2006 87 199,324,742.82 3.663 3.714 3.955 8 1 640 321 February 2006 84 202,298,159.37 3.699 3.750 4.043 6 9 658 315 Average 78 179,596,695.39 3.228% 3.273% 3.226 6 5 718 431 • Portfolio CITY AP Run Date:03/27/2006-13:31 PM(PRF_PM4)SyrnRept 6.41,202 Report Ver.5.00 City of HB Portfolio Management Page Distribution of Investments By Type February 2005 through February 2006 February March April May June July August September October November December January February Average Security Type 2005 2005 2005 2005 2005 2005 2005 2005 2005 2005 2005 2006 2006 by Period Repurchase Agreements Certificates of Deposit __. .........._. _-..__... ..._...........-- _.................. _- _._.............. .............. _.._-............... __..__... _._.. -....... Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 52.1 51.5 48.9 49.3 50.8 52.5 53.1 52.4 55.1 54.4 51.1 46.6 47.9 51.2% _._... _....... __... ............ ................ -.......... .............-..- _._. _...... ........... -._._._. ............ Local Agency Investment Funds 19.4 19.2 20.7 19.5 19.4 17.5 21.1 22.8 21.7 22.7 20.9 19.5 19.8 20.3% Treasury Securities-Coupon 9.0 8.9 8.6 7.9 7.8 7.3 6.8 8.0 8.2 8.0 7.3 7.8 8.0 8.10 Medium Term Notes 1.5 1.5 1.4 1.3 1.3 1.4 1.4 1.4 1.5 1.4 0.5 0.5 0.5 1. _...._-. - __..... _... ... - ...._... ...---.._.. . .......... - - ........ ._..._ _ ........._. ....... Negotiable CD's Certificates of Deposit-Bank _...... _ __.._ _._....... _.. ................. - _...... -........ ._......_....... __........... ___... _......._.....__ . Mortgage Backed Securities __. . ............ _ ....._............ __ __ __ _ _...... Bankers Acceptances-Amortizing - - .......... ......... __... ..................... __................. ......... - -..-.... ......... ----- ..._........ ..........._........... .- -- Commercial Paper Disc.-Amortizing 7.2 5.9 3.4 6.3 6.2 7.8 5.7 6.8 4.7 5.7 10.9 11.1 9.4 7.0% _ _.. __ - ......... __ ...._....... _.__........ _. .._.._.. _...._.........._. .. __..... _ _ .......... _ _ .. ................_...... Federal Agency Disc -Amortizing 2.3 5.7 ............5.7 6.2 4.5 2.3 2.4 3.9 5.5 3.0% _..._... ._ - _..... ._ -._ ....- - ...._...- ----- _._.... - _...... _-..._.. - - Treasury Discounts-Amortizing 10.8 13.0 14.8 10.0 8.8 7.3 7.4 6.3 6.5 7.9 9.3 10.6 8.9 9.4% Miscellaneous Discounts-Amortizing _............... _.. ......... ..... ........ -- -.... ........-- ........- ......... - ....... _._.... - _.... ......_.. Rolling Repurchase Agreements __ __.. _._........ __. ........... Portfolio CITY AP Run Date:03/27/2006-13:31 PM(PRF_PM5)SyrnRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 2/28/2006 la= United States Treasury: Bills $ 2,065,070,624.35 $ 2,077,448,500.00 NA Notes $ 3,416,271,696.92 $ 3,400,005,250.00 $ 23,563,112.75 Federal Agency: SBA $ 734,829,811.94 $ 728,131,241.52 $ 5,054,289.85 MBS $ 733,897,166.66 $ 708,073,445.98 $ 3,226,422.48 Bonds $ 8,296,809,864.39 $ 8,230,479,057.86 $ 61,069,334.07 Floaters $ - $ - $ - Discount Notes $ 6,017,760,479.29 $ 6,083,257,500.00 NA FHLMC PC $ 1,431,395.48 $ 1,496,754.77 $ 23,098.09 GNMA $ 253,449.01 $ 279,130.96 $ 2,523.52 Bankers Acceptances $ - $ - NA Bank Notes $ 1,399,993,093.30 $ 1,399,553,570.50 $ 9,953,361.11 CDs $ 8,660,110,106.21 $ 8,656,157,485.98 $ 77,598,842.73 Commercial Paper $ 7,671,526,556.61 $ 7,720,513,653.10 NA Corporate: Floaters $ 201,398,656.72 $ 201,233,638.10 $ 1,113,054.90 Bonds $ 685,395,258.94 $ 673,945,922.24 $ 10,288,943.64 Repurchase Agreements $ - NA Reverse Repurchase $ 99,250,000.00 $ 99,250,000.00 $ (228,826.39 Time Deposits $ 7,755,995,000.00 $ 7,755,995,000.00 NA AB 55&GF Loans $ 7,247,413,382.64 $ 7,247,413,382.64 NA TOTAL $ 54,788,906,542.46 $ 54,784,733,533.65 $ 191,664,156.75 Fair Value Including Accrued Interest $ 54,976,397,690.40 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). 0 0 1 Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of December 31,2005 Summary of investments by type Market Value Market Value Par Value Investment Type as of 11/30/05 as of 12/31/05 $8,917,679 Local Agency Investment Fund (LAIF) $8,889,783 $8,917,679 $0 Federal Agency Issues $0 $0 $8,190,455 Investment Agreements $8,190,455 $8,190,455 $2,963,929 Money Market Funds $3,264,813 $2,963,929 $330,488 US Treasury Securities $330,488 $330,4ifik $20,402,551 $20,675,539 $20,402,551 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 11/30/05 as of 12/31/05 $2,492,951 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,476,218 $2,492,951 $6,160,453 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $6,453,347 $6,160,453 $1,649,962 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,961 $1,649,962 $516,291 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $512,286 $516,291 $2,045,881 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,045,718 $2,045,881 $2,697,414 Huntington Beach PFA- 2001 Series B(1993 Civic Center& Police Administration Bldg. Refinance) $2,697,196 $2,697, $1,257,954 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,254,396 $1,257, $173,945 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $173,944 $173,945 $1,587,547 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,586,992 $1,587,547 $813,185 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $806,927 $813,185 $872,775 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $882,494 $872,775 $134,193 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $136,061 $134,193 $0 City of Huntington Reach-Assessment District 88-1(Reseryoir Hill) $n $n $20,402,551 $20,675,539 $20,402,551 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2005 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (9-30-05) (12-31-05) ICMA Retirement Corporation (457 Plan) $20,508,562 $661,106 ($529,130) $462,735 ($96) $21,103,177 ICMA Retirement Corporation (401 Plan) $527,361 $23,562 $0 $11,014 $0 $561,938 Nationwide Retirement Solutions (457 Plan) $48,861,935 $862,433 ($720,135) $913,514 ($100) $49,917,647 Trust Deeds $17,532 $0 $0 $0 $0 $17,532 Total Deferred Compensation Plan Balances $69,915,390 $1,547,101 ($1,249,265) $1,387,263 ($196) $71,600,294 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA February Report • Y/ F 5 Will / i Shari L . Freidenrich , CPA, CCMT , CPFA April 17, 2006 R A ROUTING SHPET INITIATING DEPARTMENT: city Treasurer SUBJECT: February 2006 Investment Summary Report COUNCIL MEETING DATE: Aril 17, 2006 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Appiicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Attached ❑ Contract/Agreement (w/exhibits if applicable) Not Applicable (Signed in full by the City Attorney) Attached ❑ Subleases, Third Party Agreements, etc. Not Applicable Approved as to form by City Attorney) Certificates of Insurance (Approved b the City Attome Attached ❑ ( pP Y Y Y) Not Applicable Attached ❑ Fiscal Impact Statement (Unbudget, over $5,000) Not Applicable ❑ Attached ❑ Bonds (If applicable) Not Applicable Attached ❑ Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Nott Appache licable s/Conditions for Approval and/or Denial Attached ❑ Findin 9 pp Not Applicable EXPLANATION FOR MISSING ATTACHMENTS. REVIEWED RETURNED , ' FAR ARDED Administrative Staff Assistant City Administrator Initial 1?z City Administrator (Initial) ( ) ( ) City Clerk EXPLANATION FOR.RETURN OF ITEM: Only)(Below Space For City Clerk's Use RCA Author: SLF ntl An— Rise% IM0 Council/Agency Meeting Held: Deferred/Continued to: C11-i''i Ohl' *pp;ov U Conditionally Approve T I i��enie d "City C&ir' Vnatu Council Meeting Date: 08/21/06 Department ID Number: CT06-13 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASURF-� PREPARED BY: SHARI L. FREIDENRICH, CITY TREASUR2 5-� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JUNE 2006 INVESTMENT SUMMARY REPORT FStatement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for June 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for June 2006, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not Applicable Environmental Status: Not Applicable Attachment(s): City Clerk's Page Number No. Description Na, 1. Monthly Investment Report and Summary of Investments for June 2006 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. 1 June 2006 PowerPoint Presentation Monthly Investment Report and Summary of Investments for June 2006 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for June 2006 City Investment Portfolio: May June Inc./(Dec.) End of month City Portfolio Balance $220,783,432 $221,809,298 $1,025,866 End of month General Fund Balance $49,490,059 $48,366,986 ($1,123,072) Earned Interest Yield Average 4.00% 4.18% 0.18% Average Maturity(in days) 270 259 (11) End of Month Market Value $218,550,052 $219,566,685 $1,016,633 End of month bank cash balance $6,289,005 $5,096,662 ($1,192,343) Bond Proceeds Investments:* April May Inc./(Dec.) End of Month Bond Reserve Par Value $19,114,594 $19,081,350 ($33,244) End of Month Bond Reserve Market Value $19,114,594 $19,081,350 ($33,244) Deferred Compensation Investments:** December March Inc./(Dec.) Participant Balances $71,600,294 $74,460,715 $2,860,421 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $247,750 $765,868 $518,118 Interest Earned Year to Date $2,229,750 $5,522,989 $3,293,239 Earned Interest Yield Year to Date 3.25% 3.78% 0.53% 'Bond Proceeds Statements are issued monthly and may lag by more than one month. "Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days Int. June %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $105,893,997 48% None 458 3.63% Local Agency Inv. Fund (LAIF) $37,478,943 17% $40 million 1 4.70% Treasury Securities Coupon $23,869,201 11% None 245 4.13% Commercial Paper Disc.-Amortizing $25,761,888 11% 25% 65 5.12% Federal Agency Disc.-Amortizing $14,930,974 7% None 34 5.06% Treasury Discounts-Amortizing $13,874,296 6% None 68 4.73% $221,809,298 100% 259 4.20% City of HB Portfolio Management Portfolio Summary June 30, 2006 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 105,945,000.00 103,877,421.40 105,893,996,59 47.74 1,074 458 3.576 3.626 Local Agency Investment Funds 37,478,943.44 37,478,943.44 37,478,943.44 16.90 1 1 4.636 4.700 Treasury Securities-Coupon 24,000,000.00 23,647,280.00 23,869,200.71 10.76 584 245 4.072 4.129 Commercial Paper Disc.-Amortizing 26,000,000.00 25,755,140.00 25,761,887.78 11.61 136 65 5.053 5.123 Federal Agency Disc.-Amortizing 15,000,000.00 14,931,600.00 14,930,973.61 6.73 88 34 4.986 5.056 Treasury Discounts-Amortizing 14,000,000.00 13,876,300.00 13,874,295.51 6.26 158 68 4.665 4.730 222,423,943.44 219,566,684.84 221,809,297.64 100.00% 607 259 4.143 4.201 Investments Cash and Accrued Interest Accrued Interest at Purchase 72,880.91 72,880.91 Subtotal 72,880.91 72,880.91 Total Cash and Investments 222,423,943.44 219,639,565.75 221,882,178.55 607 259 4.143 4.201 Total Earnings June 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 760,334.70 5,523,417.52 Current Budget 247,750.00 2,229,750.00 2,973,000.00 Last Year Actual 493,901.41 3,500,420.61 4,935,645.34 Average Daily Balance 222,968,453.70 195,463,424.80 Effective Rate of Return 4.15% 3.78% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 19,2005. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and Interactive Data Corporation. ob SkNWL.FREIDENOZICH,CITY TREASURER Reporting period 06/01/2006-0613012006 Portfolio CITY AP Run Date:07/31/2006-16:34 PM(PRF_PM1)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments June 30, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1,986,880.00 2,000,000.00 2.730 AAA 2.730 89 09/28/2006 31331TT04 3210 Federal Farm Credit Bank 02/20/2004 1,000,000,00 983,440.00 1,000,000.00 2.850 AAA 2.850 234 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 966,560.00 1,000,000.00 3.500 AAA 3.500 654 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,060,000.00 1,937,500.00 2,000,000.00 4.000 AAA 4.000 850 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,934,380.00 2,000,000.00 4.000 AAA 4.000 898 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,954,380.00 2,000,000.00 3.700 AAA 3.700 489 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,954,380.00 1,998,861.75 4.620 AAA 4.642 1,038 05/04/2009 31331SXVO 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,954,380.00 2,000,000.00 4.450 AAA 4.450 877 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,925,620.00 2,000,000.00 4.480 AAA 4.480 1,451 06/21/2010 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,918,120.00 2,000,000.00 3.020 AAA 3.020 646 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,956,880.00 2,000,000.00 2.400 AAA 2.400 258 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,964,380.00 2,000,000.00 2.270 AAA 2.270 206 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,916,880.00 2,000,000.00 3.320 AAA 3.320 758 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,900,620.00 2,000,000.00 2.900 AAA 2.900 759 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,793,353.00 1,850,000.00 4.000 AAA 4.000 821 09/29/2008 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,116,588.40 2,136,777.79 2.375 AAA 2.805 135 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 993,440,00 1,000,000.00 2.640 AAA 2.641 90 09/29/2006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,968,760.00 2,000,000.00 3.000 AAA 3.000 234 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,945,620.00 2,000,000.00 2.800 AAA 2.801 380 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,960,620.00 2,000,000.00 3.070 AAA 3.070 300 04/27/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,479,840.00 1,495,513.67 2.750 AAA 3.390 180 12/28/2006 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,946,880.00 2,000,000.00 3.260 AAA 3.260 454 09/28/2007 3133X9GC8 3269 Federal Home Loan Bank 11/30/2004 2,000,000.00 1,992,500.00 2,000,000.00 3.000 AAA 3.000 60 08/30/2006 3133X9NH9 3272 Federal Home Loan Bank 11/30/2004 2,000,000.00 1,992,500.00 2,000,000.00 3.080 AAA 3.080 60 08/30/2006 3133X9TP5 3277 Federal Home Loan Bank 12/28/2004 2,000,000.00 1,978,760.00 2,000,000.00 3.345 AAA 3.345 180 12/28/2006 3133X9UT5 3278 Federal Home Loan Bank 12/29/2004 2,000,000.00 1,989,380.00 2,000,000.00 3.280 AAA 3.280 90 09/29/2006 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,973,760.00 2,000,000.00 4.010 AAA 4.010 328 05/25/2007 3133XC3S0 3315 Federal Home Loan Bank 06/29/2005 2,000,000.00 1,991,880.00 2,000,000.00 3.760 AAA 3.760 90 09/29/2006 3133XDV81 3331 Federal Home Loan Bank 11/30/2005 2,000,000.00 1,996,880.00 2,000,000.00 4.560 AAA 4.560 60 08/30/2006 3133XEA82 3341 Federal Home Loan Bank 12/29/2005 2,000,000.00 1,995,620.00 2,000,000.00 4.625 AAA 4.625 90 09/29/2006 3133XEXUB 3365 Federal Home Loan Bank 03/28/2006 2,000,000.00 1,989,380.00 2,000,000.00 5.100 AAA 5,100 454 09/28/2007 3133XF4C7 3367 Federal Home Loan Bank 03/29/2006 2,000,000.00 1,993,120.00 2,000,000.00 5.000 AAA 5.000 212 01/29/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 1,983,120.00 2,000,000.00 5.500 AAA 5.500 1,588 11/05/2010 3133XFWB8 3400 Federal Home Loan Bank 06/28/2006 2,000,000.00 1,995,620.00 2,000,000.00 5.420 AAA 5.420 454 09/28/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,905,380.00 2,000,000.00 3.000 AAA 3.000 752 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,926,500.00 2,000,000.00 3.000 AAA 3.000 571 01/23/2008 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,967,140.00 2,000,827.18 2.750 AAA 2.678 223 02/09/2007 Portfolio CITY AP Run Date:07/31/2006-16:34 PM(PRF_PM2)SymRept 6.41,202 Report Ver.5.00 City of HB Portfolio Management Page 4 Portfolio Details - Investments June 30, 2006 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Treasury Securities-Coupon 912828DQO 3382 US Treasury Notes 04/21/2006 2,000,000.00 1,977,500.00 1,982,888.30 3.750 AAA 4.932 273 03/31/2007 912828CQ1 3385 US Treasury Notes 05/04/2006 2,000,000.00 1,996,800.00 1,996,804.32 2.750 AAA 4.695 30 07/31/2006 Subtotal and Average 23,857,725.39 24,000,000.00 23,647,280.00 23,869,200.71 4.129 245 Commercial Paper Disc.-Amortizing 02581SJN2 3395 American Express 06/01/2006 2,000,000.00 1,975,920.00 1,976,575.56 A1P1 5.234 83 09/22/2006 17307SHR6 3383 Citigroup Global 05/04/2006 2,000,000.00 1,984,360.00 1,984,691.67 5.010 P-1 5.161 55 08/25/2006 17307SJ86 3394 Citigroup Global 06/01/2006 2,000,000.00 1,980,080.00 1,980,450.00 5.100 P-1 5.244 69 09/08/2006 17307SK68 3402 Citigroup Global 06/22/2006 2,000,000.00 1,971,600.00 1,971,331.11 5.320 P-1 5.480 97 10/06/2006 36959JGE7 3345 General Electric Capital Corp 12/21/2005 2,000,000.00 1,996,800.00 1,996,764.44 4.480 P-1 4.709 13 07/14/2006 36959JM18 3379 General Electric Capital Corp 04/21/2006 2,000,000.00 1,954,780.00 1,957,500.00 5,000 P-1 5.299 153 12/01/2006 36959JL35 3380 General Electric Capital Corp 04/21/2006 2,000,000.00 1,963,160.00 1,965,277.78 5.000 P-1 5.291 125 11/03/2006 74433HKL7 3397 PRUDENTIAL SECURITIES 06/07/2006 2,000,000.00 1,967,420.00 1,968,550.00 5.100 5.272 111 10/20/2006 82434UGJ0 3351 Sherwin-Williams 01/06/2006 2,000,000.00 1,995,640.00 1,995,768.89 4.480 P-1 4.681 17 07/18/2006 82434UGB7 3360 Sherwin-Williams 02/09/2006 2,000,000.00 1,997,680.00 1,967,444.44 4.600 P-1 4.756 10 07/11/2006 80685UH18 3389 Schlumberger Co. 05/16/2006 2,000,000.00 1,991,520.00 1,991,354.45 5.020 P-1 5.145 31 08/01/2006 80685UH75 3393 Schlumberger Co. 05/24/2006 2,000,000.00 1,989,740.00 1,989,619.44 5.050 P-1 5.175 37 08/07/2006 82619SHJ1 3392 Siemens Capital 05/23/2006 2,000,000.00 1,986,440.00 1,986,560.00 5.040 P-1 5.173 48 08/18/2006 Subtotal and Average 31,031,333.28 26,000,000.00 25,755,140.00 25,761,887.78 5.123 65 Federal Agency Disc.-Amortizing 313313ZV3 3404 Federal Farm Credit Bank 06/28/2006 2,000,000.00 1,993,400.00 1,992,847.22 5.150 AAA 5.243 25 07/26/2006 313385A63 3387 Federal Home Loan Bank 05/05/2006 2,000,000.00 1,990,800.00 1,990,725.55 4.910 AAA 5.041 34 08/04/2006 313385ZL3 3401 Federal Home Loan Bank 06/19/2006 2,000,000.00 1,996,000.00 1,995,440.00 5.130 AAA 5.222 16 07/17/2006 313397ZX2 3363 Federal Home Loan Mort Corp 02/28/2006 3,000,000.00 2,989,200.00 2,989,537.50 4.650 AAA 4.808 27 07/28/2006 313397E98 3386 Federal Home Loan Mort Corp 05/04/2006 2,000,000.00 1,980,600.00 1,981,025.00 4.950 AAA 5.108 69 09/08/2006 313397B26 3390 Federal Home Loan Mort Corp 05/16/2006 2,000,000.00 1,989,600.00 1,989,581.67 4.935 AAA 5.062 38 08/08/2006 313589A29 3391 Fed.Nat'l Mort.Assoc. 05/16/2006 2,000,000.00 1,992,000.00 1,991,816.67 4.910 AAA 5.030 30 07/31/2006 Subtotal and Average 11,917,999.28 15,000,000.00 14,931,600.00 14,930,973.61 5.056 34 Treasury Discounts-Amortizing 912795XK2 3352 United States Treasury Bills 01/06/2006 2,000,000.00 1,999,320.00 1,998,836.13 4.190 AAA 4.340 5 07/06/2006 912795XM8 3353 United States Treasury Bills 01/19/2006 2,000,000.00 1,995,920.00 1,995,471.74 4.290 AAA 4.446 19 07/20/2006 912795XP1 3358 United States Treasury Bills 02/02/2006 2,000,000.00 1,992,180.00 1,991,896.51 4.420 AAA 4.584 33 08/03/2006 912795X0(4 3371 United States Treasury Bills 03/30/2006 2,000,000.00 1,976,800.00 1,977,156.34 4.620 AAA 4.796 89 09/28/2006 912795XUO 3396 United States Treasury Bills 06/05/2006 2,000,000.00 1,982,520.00 1,982,282.22 4.690 AAA 4.814 68 09/07/2006 Portfolio CITY AP Run Date:07/31/2006-16:34 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 6 Portfolio Details -Cash June 30, 2006 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 72,880.91 72,880.91 0 Subtotal 72,880.91 72,880.91 Total Cash and Investmentss 222,968,453.70 222,423,943.44 219,639,565.75 221,882,178.55 4.201 259 r Portfolio CITY AP Run Date:07/31/2006-16:34 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Pagel Activity By Type June 1, 2006 through June 30, 2006 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133XFWB8 3400 Federal Home Loan Bank 5.420 06/28/2006 2,000,000.00 0.00 3128X2JZ9 3202 Federal Home Loan Mort Corp 2.625 06/30/2006 0.00 1,000,000.00 3128X4DS7 3398 Federal Home Loan Mort Corp 3.800 06/08/2006 1,983,800.00 0.00 3128X4DS7 3403 Federal Home Loan Mort Corp 3.800 06/23/2006 1,983,560.00 0.00 3135F3VT0 3193 Fed.Nat'l Mort.Assoc. 2.100 06/26/2006 0.00 2,000,000.00 Subtotal 5,967,360.00 3,000,000.00 105,893,996.59 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 4.700 0.00 1,500,000.00 SYS2206 2206 LAIF-Redevelopment Agency 4.700 9,050,000.00 8,500,000.00 Subtotal 9,050,000.00 10,000,000.00 37,478,943.44 Treasury Securities-Coupon Subtotal 23,869,200.71 Commercial Paper Disc.-Amortizing 02581SJN2 3395 American Express 06/01/2006 1,968,108.89 0.00 03523DF16 3359 Anheuser Busch 4.540 06/01/2006 0.00 2,000,000.00 17307SFW7 3342 Citigroup Global 4.500 06/30/2006 0.00 3,000,000.00 17307SFP2 3369 Citigroup Global 4.830 06/23/2006 0.00 2,000,000.00 17307SF56 3384 Citigroup Global 4.970 06/05/2006 0.00 2,000,000.00 17307SJ86 3394 Citigroup Global 5.100 06/01/2006 1,971,950.00 0.00 17307SK68 3402 Citigroup Global 5.320 06/22/2006 1,968,671.11 0.00 36959JFT5 3366 General Electric Capital Corp 4.780 06/27/2006 0.00 2,000,000.00 36959JFC2 3372 General Electric Capital Corp 4.820 06/12/2006 0.00 2,000,000.00 74433HKL7 3397 PRUDENTIAL SECURITIES 5.100 06/07/2006 1,961,750.00 0.00 Subtotal 7,870,480.00 13,000,000.00 25,761,887.78 Federal Agency Disc.-Amortizing 313313ZV3 3404 Federal Farm Credit Bank 5.150 06/28/2006 1,991,988.89 0.00 313385ZL3 3401 Federal Home Loan Bank 5.130 06/19/2006 1,992,020.00 0.00 Subtotal 3,984,008.89 0.00 14,930,973.61 Treasury Discounts-Amortizing 912795XG1 3346 United States Treasury Bills 4.175 06/15/2006 0.00 2,000,000.00 912795XF3 3347 United States Treasury Bills 4.145 06/08/2006 0.00 2,000,000.00 Portfolio CITY AP Run Date:07/31/2006-16:34 PM(PRF_PM3)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management page 9 Activity Summary June 2005 through June 2006 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity June 2005 83 190,107,380.21 3.109 3.152 2.967 3 2 711 460 July 2005 79 183,248,494.10 3.159 3.202 3.083 2 6 747 462 August 2005 75 176,696,907.30 3.181 3.226 3.179 0 4 747 442 September 2005 73 173,309,998.31 3.278 3.323 3.324 9 11 745 435 October 2005 73 168,421,200.34 3.323 3.370 3.458 3 3 749 416 November 2005 74 170,429,038.72 3.415 3.462 3.636 7 5 740 398 December 2005 80 182,125,168.68 3.559 3.608 3.808 12 6 685 361 January 2006 87 199,324,742.82 3.663 3.714 3.955 8 1 640 321 February 2006 84 202,298,159.37 3.699 3.750 4.043 6 9 658 315 March 2006 83 195,530,162.41 3.764 3.816 4.142 9 10 680 313 April 2006 88 200,664,711.64 3.888 3.942 4.305 9 4 651 290 May 2006 95 218,318,093.06 4.030 4.086 4.563 12 5 618 270 June 2006 96 222,968,453.70 4.143 4.201 4.700 12 11 607 259 Average 82 190,942,642.45 3.555% 3.604% 3.782 7 6 691 365 Portfolio CITY AP Run Date:07/31/2006-1 6:34 PM(PRF_PM4)SyrnRept 6.41.202 Report Ver.5.00 City of HB, Portfolio Management Page 10 Distribution of Investments By Type June 2005 through June 2006 June July August September October November December January February March April May June Average Security Type 2005 2005 2005 2005 2005 2005 2005 2006 2006 2006 2006 2006 2006 by Period Repurchase Agreements ............. ... Certificates of Deposit .-............._ ................. ._........... ..........._--.. .........._......-.. .......__...........-..........__.._.__............_.............__.._--......._.........._......................._-._..................... _._..- _- .. _.........._..._-...._................ _.....-._......_--_._... Commercial Paper-Interest Bearing __ ___ __ _ __ _.__ ......... Federal Agency Issues-Coupon 50.8 52.5 53.1 52.4 53.9 54.4 51.1 46.6 47.9 52.0 49.0 46.6 47.7 50.6% ........ ..... ... ......._.. .. . ..-...... _---- ---------- ---- ..-.--- -------.. ..... ..._... ........ ... .. Local Agency Investment Funds 19.4 17.5 21.1 22.8 21.2 22.7 20.9 19.5 19.8 19.0 18.8 17.4 16.9 19.8% Treasury Securities-Coupon 7.8 7.3 6.8 8.0 8.0 8.0 7.3 7.8 8.0 8 2 11.5 10.8 10.8 8.5% _.............._......................._..._.-........__..._._.-_.._......................-._.-...................... ........ ...... ......... ......-- ...... . ..... ...... ........ ... .......-...... ..Medium Term Notes ._------_----------------- ---------------- -3 ----..-.:4_----- .- ...4......... .1.4--------------.1.4__....._....1.4._ -------.0.5---------0....................-- .................... 0.5...._._..........__........_.. . ---------- -------- -% Neotiable CD's _ _... ........ ......._. _..... ....... .. .............. _ .._.._..__. .... ........__ ......... ....._.__ ....._............_ - ....... ....._......... . .......... .. ..... .._ - ........_.. g........ Certificates of Deposit-Bank _................. ........ ............-------------------_....---------------------- .........................._.. .............._........- _.......................... --......... - - ........ ............. .._ - ..... ................_...._...-................... _---.............. Mortgage Backed Securities ... __... .._..... .... ...... __..._...... .... ..._.... .._....... ._........-_ ......... _....... . ......._.............-. ......_.. _.... _......_.-.._.... ......._.........-_.... _......... ..- ...... _...... ....__..... Bankers Acceptances-Amortizing......_......... ....... ........................ .._...._..------ Commercial Paper Disc.-Amortizing 6.2. .... 7.8 5.7 6.8 4.6 5.7 10.9 11.1 9.4 10.7 10.01111. 13.9..........11.6.. 8.8% _....... .. _....._... .......... _......... ..._.__. ._......._...___.._. .._..... .......__..- ....._ Federal Agency Disc.-Amortizing 5.7 6.2 ---------------------- ...... ... ...... _.. --.. ...........- ..._.... _- ......... ...----. ..._._. - ......... ....._.. -. .._.... ..._.... .._........ Treasury Discounts-Amortizing 8.8 7.3 7.4 6.3 6.3 7.9 9.3 10.6 8.9 7.1 6.7 6.3 6.3 7.6% ......__.... .... .......... .. .._.... .............. Miscellaneous Discounts-Amortizing......_... ..................... .............. _........_._._............._._... .__....._...__........ ........_._.- . ... _............._.._..-....................- _........._..... _.. Rolling Repurchase Agreements _....._-...... .._............ .._..... ...._ .... ..._....._.._...........- -. ..._.... ........._ ._..... _. ..._. ......... _._... _......... ........_._... Portfolio CITY AP Run Date:07/31/2006-16:34 PM(PRF PM5)SymRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 6/30/2006 United States Treasury: Bills $ 1,662,495,995.52 $ 1,673,289,727.74 $ 1,674,162,000.00 NA Notes $ 1,596,679,932.76 $ 1,594,322,350.78 $ 1,589,416,000.00 $ 7,569,078.00 Federal Agency: SBA $ 727,093,590.79 $ 726,939,645.44 $ 720,458,280.11 $ 6,161,896.41 MBS $ 672,600,893.89 $ 672,600,893.89 $ 636,914,369.76 $ 2,960,494.44 Bonds $ 9,221,343,951.25 $ 9,221,210,062.56 $ 9,169,684,153.43 $ 95,836,971.72 Floaters $ - $ - $ - $ - Discount Notes $ 7,754,098,732.06 $ 7,800,364,908.42 $ 7,799,951,500.00 NA FHLMC PC $ 1,136,544.87 $ 1,136,544.87 $ 1,175,185.72 $ 18,360.27 GNMA $ 242,240.43 $ 242,240.43 $ 265,732.09 $ 2,411.35 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 1,085,000,000.00 $ 1,085,000,000.00 $ 1,084,506,676.40 $ 7,719,830.55 CDs $ 13,642,402,442.73 $ 13,642,118,211.89 $ 13,634,447,479.96 $ 116,914,609.18 Commercial Paper $ 11,751,578,562.92 $ 11,841,696,771.82 $ 11,841,252,685.62 NA Corporate: Floaters $ 225,161,886.40 $ 225,082,623.30 $ 225,023,100.00 $ 1,352,797.28 Bonds $ 735,547,875.76 $ 734,845,438.04 $ 726,425,561.25 $ 11,796,413.84 Repurchase Agreement $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 7,853,495,000.00 $ 7,853,495,000.00 $ 7,853,495,000.00 NA AB 55&GF Loans $ 6,409,082,339.94 $ 6,409,082,339.94 $ 6,409,082,339.94 NA TOTAL $ 63,337,959,989.32 $ 63,481,426,759.12 $ 63,366,260,064.28 $ 250,332,863.04 Fair Value Including Accrued Interest $ 63,616,592,927.32 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost) The value of each participating dollar equals the fair value divided by the amortized cost(.998185821). As an example: if an agency has an account balance of$20,000,000.00, then the agency would report its participation in the LAIF valued at $19,963,716.41 or$20,000,000.00 x .998185821. Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of May 31,2006 Summary of investments by type Market Value Market Value Par Value Investment Type as of 4/30/06 as of 5/31/06 $7,806,962 Local Agency Investment Fund(LAIF) $8,277,955 $7,806,962 $0 Federal Agency Issues $0 $0 $8,190,455 investment Agreements $8,190,455 $8,190,455 $2,753,446 Money Market Funds $2,315,696 $2,753,446 $330,488 US Treasury Securities $330,488 $330,488 $19,081,350 $19,114,594 $19,081,350 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 4/30/06 as of 5/31/06 $2,510,016 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,535,983 $2,510,016 $4,796,356 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $4,795,170 $4,796,356 $1,649,782 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,836 $1,649,782 $513,422 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $514,117 $513,422 $2,042,163 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,041,976 $2,042,163 $2,697,021 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,696,756 $2,697,021 $1,294,002 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,289,527 $1,294,002 $174,196 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,185 $174,196 $1,587,442 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,586,763 $1,587,442 $769,154 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $761,556 $769,154 $873,323 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $873,319 $873,323 $126,139 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $147,255 $126,139 $48,335 HB Public Finance Authority 1992 Revenue Bonds $48,151 $48,335 $19,081,350 $19,114,594 $19,081,350 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2006 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (12-31-05) (3-31-06) ICMA Retirement Corporation (457 Plan) $21,103,177 $432,857 ($126,114) $809,595 ($1,150) $22,218,364 ICMA Retirement Corporation (401 Plan) $561,938 $30,764 $0 $28,679 $0 $621,382 Nationwide Retirement Solutions (457 Plan) $49,917,647 $1,027,594 ($881,531) $1,539,879 ($150) $51,603,438 Trust Deeds $17,532 $0 $0 $0 $0 $17,532 Total Deferred Compensation Plan Balances $71,600,294 $1,491,215 ($1,007,646) $2,378,152 ($1,300) $74,460,715 PowerPoint Presentation Attachment 4 I� Treasurer's Report Shari L. Freidenrich, CPA, CCMT, CPFA TREASURER' S t j"a Ip't Shari L . Freidenrich , CPA, CCMT , CPFA August 21 , 2006 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA CCMT, CPFA Investment Balance Trends Portfolio Balances by Type $108M $116M $140M $192M $195M $221 M 100% 80% m 1 1 a ■ US Treas ■ Med Notes 60% ■ LAW 40% ■ Fed Ag. ■ CP 20% 0% Slide 2 Jun-02 Jun-03 Jun-04 Jun-05 Mar-06 Jun-06 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Percentages By Type .of Investment Treasury Securities - Disc. Federal Agencies 6% 48% Commercial Paper 11% Fed. Agcy - Discount Slide 3 7% LAIF Treasury Sec. 17% 11% Treasurer's Report Shari L. Freidenrch, CPA, CCMT, CPFA Liquidity Investment Maturities by Days, Ending June 2005/2006 45%° 0 1 Day 40% ■ 2-180 Days 0 25% .5 1 Yr. 30 /o 15% 0 1 --1 .5 Yr. 20% 14% 0 12% 8% ■ 1 .5 2 Yr. 9 /0 6% IM 2 3 Yr. 10% a I, i 1% 0 3 - 4 Yr. 0% 4 - 5Yr. 20% 5% 9% 3% 1.7% 8% 3% Slide 4 2005 2006 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $20,000 000 3 332 472 $13,3811330 $%0001000 $0 ($101000,000) 7 475 166 ($20,0009000) OMOW 25 478175 ($3090009000) $289651 105 31 875 323 ($4090001000) Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Slide 5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Yields Trends 6.00% 5.00% ° 4.29% 4.73% 378 3.45%0 3.94/0 3:61% • 4.00% 2.88% 3.04% 3.00% 2.00% 1 .00% 0.00°l0 Jun-05 Dec-05 Mar-06 Jun-06 Slide 6 oso`9oz`v8$ 86Z`L8S`EZ$ OSz`Eo0`0£$ S99`t7Sv$ 998`CV6`S£$ 986`99£`8V$ LSE` 900Z `OE aunt o AJewwnSpunj � dddO `1WDO `VdO `q 'auap!aa,4 7 JeuS - POdad Voinse9i L Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Summary • Recommendation to City Council Slide 8 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: June 2006 Investment Summary Report COUNCIL MEETING DATE: August 21 , 2006 Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Attached ❑ Contract/Agreement (w/exhibits if applicable) Not Applicable (Signed in full by the City Attomey) Attached ❑ Subleases, Third Party Agreements, etc. Not Applicable (Approved as to form by City Attorney) Certificates of Insurance (Approved b the City Attorne Attached ❑ ( PP Y Y Y) Not Applicable Attached ❑ Fiscal Impact Statement (Unbudget, over$5,000) Not Applicable Attached ❑ Bonds (If applicable) Not Applicable Attached ❑ Staff Report (If applicable) Not Applicable Attached Commission, Board or Committee Report (If applicable) Not Applicable Find in s/Conditions for A roval and/or Denial Attached ❑ g Pp Not Not I LE '1 13 Administrative Staff Assistant City Administrator Initial City Administrator (initial) ( ) City Clerk ANA71�5 s O" E �� 1`fElUl (Below • . For Only) RCA Author: SLF