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HomeMy WebLinkAbout2007 - CITY TREASURER'S INVESTMENT SUMMARY REPORTS Council/Agency Meeting Held: 07- Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied City erk' Signa Council Meeting Date: 12/17/2007 Department ID Number: CT08-04 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASU PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUT�� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S OCTOBER 2007 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 2007, 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 2007, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 12/17/2007 DEPARTMENT ID NUMBER: CT08-04 Analysis: Not Applicable. Strategic Plan Goal: Not Applicable -Administrative Action Environmental Status: Not Applicable. Attachment(s): 1. Monthly Investment Report and Summary of investments for October 2007 2. Schedule of Bond Investments i 3. Deferred Compensation Plan Summary Information i 4. October 2007 PowerPoint Presentation -2- 12/3/2007 4:38 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for October 2007 City Investment Portfolio: September October Inc./(Dec.) End of month City Portfolio Balance $208,354,706 $203,323,587 ($5,031,119) End of month General Fund Balance $30,168,205 $23,177,320 ($6,990,885) Monthly Effective Rate of Return 4.90% 4.78% -0.12% Average Maturity(in days) 389 380 (9) End of Month Market Value $208,547,118 $203,548,302 ($4,998,816) End of month bank cash balance $3,669,474 $4,884,018 $1,214,544 Bond Proceeds Investments:* August September Inc./(Dec.) End of Month Bond Reserve Par Value $20,970,568 $16,111,980 ($4,858,588) End of Month Bond Reserve Market Value $20,970,568 $16,111,980 ($4,858,588) Deferred Compensation Investments:** June September Inc./(Dec.) Participant Balances $83,095,531 $84,760,317 $1,664,786 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $505,167 $834,879 $329,712 Interest Earned Year to Date $505,167 $834,879 $329,712 Earned Interest Yield Year to Date 4.85% 4.78% 0.49% *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 $94,835,175 46% None 711 4.58% Local Agency Inv. Fund (LAIF) $39,949,969 20% 40 million 1 5.14% Treasury Securities-Coupon $13,998,176 7% None 288 4.40% Medium Term Notes $3,941,848 2% 20% 734 5.06% Commercial Paper Disc. -Amortizing $27,765,046 14% 25% 60 5.25% Federal Agency Disc. -Amortizing $16,853,739 8% None 68 4.62% Treasury Discounts-Amortizing $5,979,634 3% None 26 4.92% $203,323,587 100% 380 4.79% tt�0411 NGTO O` \HOOPP@fldlE� 2� City of Huntington Beach City/ of HB 2000 Main St 9 Portfolio Management Huntington Beach Portfolio Summary �OUNTV�P October 31, 2007 i Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 94,850,000.00 94,942,133.50 94,835,175.40 46.64 1,383 711 4.516 4.579 Local Agency Investment Funds 39,949,968.65 39,949,968.65 39,949,968.65 19.65 1 1 5.067 5.137 Treasury Securities-Coupon 14,000,000.00 14,081,380.00 13,998,175.88 6.88 851 288 4.343 4.403 Medium Term Notes 4,000,000.00 3,950,400.00 3,941,847.53 1.94 1,057 734 4.988 5.057 Commercial Paper Disc.-Amortizing 28,000,000.00 27,779,020.00 27,765,046.40 13.66 121 60 5.175 5.247 Federal Agency Disc.-Amortizing 17,000,000.00 16,861,700.00 16,853,739.16 8.29 93 68 4.561 4.624 Treasury Discounts-Amortizing 6,000,000.00 5,983,700.00 5,079,633.87 2.94 168 26 4.852 4.919 203,799,968.66 203,648,302.16 203,323,586.89 100.00% 764 380 4.726 4.791 Investments Cash and Accrued Interest Accrued Interest at Purchase 71,477.90 71,477.90 Subtotal 71,477.90 71,477.90 Total Cash and Investments 203,799,968.65 203,619,780.05 203,396,064.79 764 380 4.725 4.791 Total Earnings October 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 834,879.49 834,879.49 Current Budget 565,167.00 505,167.00 6,062,004.00 Last Year Actual 732,500.00 732,500.00 10,317,142.00 Average Daily Balance 205,534,868.98 206,534,868.98 Effective Rate of Return 4.78% 4.78% 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. 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 ank via Merrill Lynch and Interactive Data Corporation. a - / Z 07 S .FREIDEN ICH,CPA,CITY TREASURER Reporting period 10/01/2007-10/31/2007 Portfolio CITY AP Run Date:11/30/2007-14:33 PM(PRF_PMt)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments October 31, 2007 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 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 995.310.00 1,000,000,00 3.500 AAA 3.500 166 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1.990.000.00 2,000,000.00 4.000 AAA 4.000 362 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,989,380.00 2,000,000.00 4.000 AAA 4.000 410 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 2,000,000.00 2,000,000.00 3.700 AAA 3.700 1 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,998,760.00 1,999,395.83 4,620 AAA 4.642 550 05/04/2009 31331SXV0 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,996,880.00 2,000,000,00 4,450 AAA 4.450 389 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,990,620,00 2,000,000.00 4.480 AAA 4.480 963 06/21/2010 31331XHPO 3452 Federal Farm Credit Bank 12/14/2006 2,000,000.00 2,001,260,00 2,000,000.00 5.250 AAA 5.250 1,139 12/14/2010 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,020,000.00 1,996,986.78 5.050 AAA 5.150 585 06/08/2009 31331XE57 3542 Federal Farm Credit Bank 06/18/2007 2,000,000.00 2,015,000.00 2,000,000.00 5,850 AAA 5.850 1,691 06/18/2012 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,986,260.00 2,000,000.00 3.020 AAA 3.020 158 04/07/2008 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,981,880.00 2,000,000.00 3.320 AAA 3.320 270 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,975,620.00 2,000,000.00 2.900 AAA 2,900 271 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,841,323.50 1,850,000.00 4.000 AAA 4.000 333 09/29/2008 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 2,00%380.00 2,000,000.00 5.500 AAA 5.500 1,100 11/05/2010 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,017,500.00 2,000,000.00 5.700 AAA 5.700 1,393 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 2,014,380.00 2,000,000.00 5,430 AAA 5.430 1,421 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,027,500.00 2,000,000.00 5.300 AAA 5.300 1,414 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,014,380.00 2,000,000.00 5.250 AAA 6.250 733 11/03/2009 3133XHV41 3442 Federal Home Loan Bank 11/21/2006 2,000,000.00 2,000,620.00 2,000,000.00 5.200 AAA 5.200 20 11/21/2007 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2,000,000.00 2,006,880.00 2,000,000.00 5.150 AAA 5.150 988 07/16/2010 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2,017,500.00 2,000,000.00 5.300 AAA 5.300 1,380 08/12/2011 3133XKM51 3525 Federal Home Loan Bank 05/02/2007 2,000,000.00 2,000,000.00 2,000,000.00 5.250 AAA 5.250 1 11/02/2007 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,030,000.00 2,000,000.00 5.550 AAA 6.550 1,685 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,025,620.00 1,996,722.22 5.350 AAA 5.419 957 06/15/2010 3133XLEL3 3541 Federal Home Loan Bank 06/25/2007 2,000,000.00 2,001,880.00 2,000,000.00 5.400 AAA 5.400 237 06/25/2008 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,056,000.00 2,000,000.00 5.600 AAA 5.600 1,723 07/20/2012 3133XM6S5 3557 Federal Home Loan Bank 09/04/2007 2,000,000.00 2,003,760.00 2,000,000.00 5.125 AAA 5.125 308 09/04/2008 3133XMHA2 3565 Federal Home Loan Bank 10/03/2007 2,000,000.00 2,000,620.00 2,000,000.00 4.700 AAA 4.700 337 10/03/2008 3128X1 RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,977,740.00 2,000,000.00 3.000 AAA 3,000 264 07/22/20b8 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,992,340.00 2,000,000.00 3.000 AAA 3.000 83 01/23/2008 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,989,720.00 2,000,000.00 3.560 AAA 3.560 176 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,992,200.00 2,000,000.00 4.125 AAA 4.126 748 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,988,780.00 2,000,000.00 3.600 AAA 3.600 203 05/22/2008 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 2,011,800.00 1,998,427.78 5.250 AAA 5.273 1,435 10/06/2011 3128X5QK7 3446 Federal Home Loan Mort Corp 11/28/2006 2,000,000.00 2.001,500.00 2,000,000.00 5.500 AAA 5.600 1,488 11/28/2011 Portfolio CITY AP Run Date:11/08/2007-14:38 PM(PRF PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments October 31, 2007 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 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2,000,000,00 2,006,180.00 2,000,000.00 5.050 AAA 5.050 778 12/18/2009 3128X5TD0 3460 Federal Home Loan Mort Corp 12/26/2006 2,000,000.00 2,001,900.00 2,000,000.00 5.100 AAA 5.100 421 12/26/2008 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000.000.00 2,013,220.00 2,000,000.00 5.250 AAA 5.250 1,519 12/29/2011 3128X5PT9 3468 Federal Home Loan Mort Corp 01/05/2007 2,000,000.00 2,000,320.00 1,999,857.20 5,250 AAA 5,251 750 11/20/2009 3128X5WH7 3486 Federal Home Loan Mort Corp 02/05/2007 2,000,000.00 2.003,980.00 1,998,299.89 5.550 AAA 5.572 1,530 01/09/2012 3128X4MQ1 3571 Federal Home Loan Mort Corp 10/15/2007 2,000,000.00 1,998,880.00 1.996,077.37 4.480 AAA 4.706 323 09/19/2008 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,977,500.00 2,000.000.00 3,610 AAA 3.610 515 03/30/2009 31359MSC8 3242 Fed,Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,984,380.00 1,999,408.33 3.250 AAA 2.052 216 06/04/2008 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 1,990,620.00 2,000,000.00 4.250 AAA 4.250 698 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,990,000.00 2,000,000.00 3.700 AAA 3.700 204 05/23/2008 3136F6PB9 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,998,760.00 2,000,000.00 3.700 AAA 3.080 18 11/19/2007 3136F74N4 3433 Fed.Nat'I Mort.Assoc. 10/27/2006 2,000,000,00 2,015,000.00 2,000,000,00 5.375 AAA 5.375 1,456 10/27/2011 Subtotal and Average 94,772,172.31 94,850,000.00 94,942,133.50 94,835,175.40 4.579 711 Local Agency Investment Funds SYS982 982 Laif City 18,919,849.02 18,919,849.02 18,919,849.02 5.137 NR 5.137 1 SYS2206 2206 LAIF-Redevelopment Agency 21,030,119,63 21,030,119.63 21,030,119.63 5.137 NR 5.137 1 Subtotal and Average 38,951,586.47 39,949,968.66 39,949,968.65 39,949,968.66 5.137 1 Treasury Securities-Coupon 912828ANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,998,900.00 1,999,657.82 3.000 AAA 3.473 14 11/15/2007 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,998,900.00 1,999,956.33 3.000 AAA 3.060 14 11/15/2007 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,030,940.00 2,000,995.43 4.875 AAA 4.834 653 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 2,009,220.00 1,995,047.36 4.625 AAA 4.909 334 09/30/2008 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 2,015,620.00 2,001,378,40 4.875 AAA 4.795 365 10/31/2008 912828FM7 3476 US Treasury Notes 01/17/2007 2,000,000.00 2.012,180.00 2,001,140.54 5.000 AAA 4.883 273 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 2,015,620.00 2,000,000.00 4.875 AAA 4.867 365 10/31/2008 Subtotal and Average 13,997,682.22 14,000,000.00 14,081,380.00 13,998,175.88 4.403 288 Medium Term Notes 084664AFB 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 1,958,700.00 1,953,810.63 4.200 Aaa 5.023 1,140 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 1,991,700.00 1,988,036.90 4,400 Aal 5.090 335 10/01/2008 Subtotal and Average 3,940,762.19 4,000,000.00 3,950,400.00 3,941,847.53 5.057 734 Portfolio CITY AP Run Date:11/08/2007-14:36 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 4 Portfolio Details - Investments October 31, 2007 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 02581SZM6 3561 American Express 09/25/2007 2,000,000.00 1,986,940.00 1,986,805.56 4.750 P-1 4.872 50 12/21/2007 02581SZQ7 3562 American Express 09/26/2007 2,000,000.00 1,986,160.00 1.986,043.33 4.740 P-1 4.863 53 12/24/2007 17307RAJ3 3551 Citigroup Global 07/27/2007 2,000,000.00 1,979,500.00 1,977,510.00 5.190 P-1 5.398 78 01/18/2008 17307SYD8 3552 Citigroup Global 08/69/2007 2,000,000.00 1,996,880.00 1,996,480.00 5.280 P-1 5.430 12 11/13/2007 17307RB45 3559 Citigroup Global 09/13/2007 2,000,000.00 1,974,980.00 1,971,658.33 5.370 P-1 5.564 95 02/04/2008 36959JY98 3544 General Electric Capital Corp 06/29/2007 2,000,000.00 1,997,920.00 1,997,695.56 5.185 P-1 5.360 8 11/09/2007 36959JYD9 3554 General Electric Capital Corp 08/13/2007 2,000,000.00 1,996,880.00 1,996,500.00 5,250 P-1 5.395 12 11/13/2007 36959HBE6 3573 General Electric Capital Corp 10/18/2007 2,000.000,00 1,972,360.00 1,971,766.66 4.840 P-1 4.987 105 02/14/2008 36959HAR8 3575 General Electric Capital Corp 10/25/2007 2,000,000.00 1,977,660.00 1,977,711.12 4.720 P-1 4.844 85 01/25/2008 61745BYTB 3555 Morgan Stanley Dean Witter 08/13/2007 2,000,000.00 1,993,260.00 1.992,026.67 5.520 A1P1 5.689 26 11/27/2007 61745AB16 3556 Morgan Stanley Dean Witter 08/15/2007 2,000,000.00 1,975,780.00 1,972,808.89 5.320 A1P1 5.533 92 02/01/2008 61745ACHO 3560 Morgan Stanley Dean Witter 09/24/2007 2,000.000.00 1,964,080.00 1,961,868.34 5.010 A1P1 5.206 137 03/17/2008 90262DY66 3545 UBS Finance Delaware LLC 07/06/2007 2,000,000.00 1,998,700.00 1,998,548.61 5.225 P-1 5.394 5 11/06/2007 90262CAQO 3574 UBS Finance Delaware LLC 10/24/2007 2,000,000.00 1,977,920.00 1,977,623.33 4.795 P-1 4.922 84 01/24/2008 Subtotal and Average 29,756,281,16 28,000,000.00 27,779,020.00 27,765,046.40 5.247 60 Federal Agency Disc.-Amortizing 313312RAO 3563 Federal Farm Credit Bank 09/26/2007 2,000,000.00 1,986,400.00 1,986,000.00 4.500 AAA 4.616 56 12/27/2007 313312RG7 3566 Federal Farm Credit Bank 10/03/2007 2,000,000.00 1,985,200.00 1,984,431.11 4.520 AAA 4.636 62 01/02/2008 313312NW6 3576 Federal Farm Credit Bank 10/30/2007 2,000,000.00 1,999,000.00 1,999,028.89 4.370 AAA 4.434 4 11/05/2007 313384UK3 3572 Federal Home Loan Bank 10/17/2007 1,000,000.00 983,900.00 982,684.72 1-5S AAA 4.704 137 03/17/2008 313396PE7 3564 Federal Home Loan Mort Corp 09/28/2007 2,000,000.00 1,997,000.00 1,996,980.00 4.530 AAA 4.620 12 11/13/2007 313396SC8 3568 Federal Home Loan Mort Corp 10/05/2007 2,000,000.00 1,980,400.00 1,979,363.33 4.530 AAA 4,657 82 01/22/2008 313588SN6 3567 Fed.Nat'l Mort.Assoc. 10/04/2007 2,000,000.00 1,978,200.00 1,976,897.78 4.520 AAA 4.653 92 02/01/2008 313588SVB 3569 Fed,Nat'l Mort.Assoc. 10/10/2007 2,000,000.00 1,976,600.00 1,975,030.00 4.540 AAA 4.674 99 02/08/2008 313588TC9 3570 Fed.Nat'I Mort.Assoc. 10/11/2007 2,000,000.00 1,975,000.00 1,973,323.33 4.530 AAA 4.668 106 02/15/2008 Subtotal and Average 16,021,180.14 17,000,000.00 16,861,700.00 16,863,739.16 4.624 68 Treasury Discounts-Amortizing 912795626 3533 United States Treasury Bills 05/17/2007 2,000,000.00 1,997,360.00 1,996,348.31 4.695 AAA 4.876 14 11/15/2007 9127951342 3535 United States Treasury Bills 06/07/2007 2,000,000.00 1,993,920.00 1,992,657.78 4.720 AAA 4.898 28 11/29/2007 912795B59 3547 United States Treasury Bills 07/1312007 2,000,000.00 1,992,420.00 1,990,627.78 4.820 AAA 4.984 35 1210612007 Subtotal and Average 8,095,194.50 6,000,000.00 5,983,700.00 5,979,633.87 4.919 26 Portfolio CITY AP Run Date:11108/2007-14.38 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 5 Portfolio Details - Investments October 31, 2007 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 206,534,858.98 203,799,968.66 203,648,302.15 203,323,686.89 4.791 380 Portfolio CITY AP Run Date:11/08/2007-14:38 PM(PRF_PM2)SyrnRept 6.41.202 City of HB Portfolio Nlan,agenlent Page 6 Portfolio Details - Cash October 31, 2007 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 71,477.90 71,477.90 0 Subtotal 71,477.90 71,477.90 Total Cash and Investmentss 205,534,858.98 203,799,968.66 203,619,780.06 203,395,064.79 4.791 380 Portfolio CITY AP Run Date:11/08/2007-14:38 PM(PRF PM2)SyrnRept 6.41,202 City of HB Portfolio Management Page 1 Activity By Type October 1, 2007 through October 31, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331XAK8 3430 Federal Farm Credit Bank 6.250 10/16/2007 0.00 2,000,000.00 3133XMHA2 3565 Federal Home Loan Bank 4.700 10/03/2007 2,000,000.00 0.00 3128X4MQ1 3571 Federal Home Loan Mort Corp 4.480 10/15/2007 1,995,880.00 0.00 Subtotal 3,995,880.00 2,000,000.00 94,835,175.40 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 5.137 5,309,284.52 5,600,000,00 SYS2206 2206 LAIF-Redevelopment Agency 5.137 272,847.44 0.00 Subtotal 5,582,131.96 5,600,000.00 39,949,968.66 Treasury Securities-Coupon Subtotal 13,998,175.88 Medium Term Notes Subtotal 3,941,847.53 Commercial Paper Disc.-Amortizing 02581SXR7 3558 American Express 5.190 10/25/2007 0.00 2,000,000.00 17307SXW7 3550 Citigroup Global 5.240 10/30/2007 0.00 2,000,000.00 36959JXC2 3549 General Electric Capital Corp 5.220 10/12/2007 0.00 2,000,000,00 36959HBE6 3573 General Electric Capital Corp 4.840 10/18/2007 1,968,002.22 0.00 36959HAR8 3675 General Electric Capital Corp 4.720 10/25/2007 1,975,875.56 0.00 90262DX91 3536 UBS Finance Delaware LLC 5.215 10/09/2007 0.00 2,000,000.00 90262DXQ3 3548 UBS Finance Delaware LLC 5.240 10/24/2007 0.00 2,000,000,00 90262CAQO 3574 UBS Finance Delaware LLC 4.795 10/24/2007 1,975,492.22 0.00 Subtotal 5,919,370.00 10,000,000.00 27,766,046.40 Federal Agency Disc.-Amortizing 313312RG7 3566 Federal Farm Credit Bank 4.520 10/03/2007 1,977,148.89 0.00 313312NW6 3576 Federal Farm Credit Bank 4.370 10/30/2007 1,998,543.33 0.00 313384UK3 3572 Federal Home Loan Bank 10/17/2007 980,788.89 0.00 313396MM2 3530 Federal Home Loan Mort Corp 5.060 10/03/2007 0.00 2,000,000.00 313396NG4 3532 Federal Home Loan Mort Corp 5.065 10/22/2007 0.00 2,000,000.00 313396SC8 3568 Federal Home Loan Mort Corp 4,530 10/05/2007 1,972,568.33 0,00 313588NL5 3534 Fed.Nat'l Mort.Assoc. 5.090 10/26/2007 0,00 2,000,000,00 313588MP7 3553 Fed,Nat'l Mort.Assoc. 5.130 10/05/2007 0,00 2,000,000.00 Portfolio CITY AP Run Date:11/19/2007-17:28 PM(PRF_PM3)SymRept 6.41.202 Report Ver.5.00 City of 1-16 Portfolio Management Activity By Type Page 2 October 1, 2007 through October 31, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Disc.-Amortizing 313588SN6 3567 Fed.Nat'l Mort.Assoc. 4.520 10/04/2007 1,969,866.67 0.00 313588SV8 3569 Fed.Nat'l Mort.Assoc. 4.540 10/10/2007 1,969,481.11 0.00 313588TC9 3570 Fed.Nat'l Mort.Assoc. 4,530 10/11/2007 1,968,038.33 0.00 Subtotal 12,836,436.65 8,000,000.00 16,853,739.16 Treasury Discounts-Amortizing 912795A43 3511 United States Treasury Bills 4.880 10/04/2007 0.00 2,000,000.00 912795A43 3523 United States Treasury Bills 4.810 10/04/2007 0.00 2,000,000.00 912795A50 3526 United States Treasury Bills 4,800 10/11/2007 0.00 2,000,000.00 912795A68 3527 United States Treasury Bills 4.800 10/18/2007 0.00 2,000,000.00 Subtotal 0.00 8,000,000.00 6,979,633.87 Total 28,333,817.51 33,600,000.00 203,323,586.89 Portfolio CITY AP Run Date:1 111 9/2007-17:28 PM(PRF_PM3)SymRept 6.41.202 City of HB Portfolio Management Page 3 Activity Summary October 2006 through October 2007 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 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 4.571 4.634 5.129 21 14 727 387 January 2007 95 219,934,932.02 4.609 4.673 5.156 17 11 722 401 February 2007 94 219,391,301.54 4.678 4.743 5.181 12 13 737 429 March 2007 91 215,541,134.27 4.702 4.767 5.214 11 14 729 4.17 April 2007 100 222,964,352.01 4.758 4,825 5.222 17 8 667 371 May 2007 105 242,517,495.45 4.801 4.867 5.248 10 5 634 342 June 2007 105 243,107,792.06 4.803 4.870 5.250 10 10 679 368 July 2007 99 234,531,828.66 4.792 4.859 5.255 7 13 740 398 August 2007 90 219,378,158.87 4.809 4.876 5.253 5 14 749 394 September 2007 87 210,473,705.74 4.807 4.874 5.231 8 11 747 389 October 2007 85 205,534,858.98 4.725 4.791 5.137 12 14 754 380 Average 93 216,899,838.95 4.681% 4.746% 6.191 11 11 724 386 Portfolio CITY AP Run Date:11/19/2007-17:28 PM(PRF_PM4)SyrrRept 6.41.202 Report Ver.5.00 City of 1­113 Portfolio Management Page 2 Distribution of Investments By Type November 2006 through November 2007 November December January February March April May June July August September October November Average Security Type 2006 2006 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues Coupon 57.7 50.4 47.4 45.4 45.0 39.7 38.1 42.1 45.2 45.4 44.6 46.6 45.2 45.6% Local Agency Investment Funds 20.0 17.9 17.9 16.7 18.2 17.1 16.4 16.4 13.9 18.2 19.2 19.7 27.6 18.4% Treasury Securities-Coupon 9.1 8.6 10.7 10.1 9.3 8.6 7.4 7.4 8.1 6.6 6.7 6.9 5.0 8.0% Medium Term Notes 1.0 0.9 1.8 1.8 1.8 1.7 1.6 1.6 1.8 1.9 1.9 1.9 2.0 1.7% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 9.1 18.4 16.1 17.1 16.6 15.3 14.7 9.8 9.8 10.2 15.2 13.7 11.8 13.7% Federal Agency Disc.-Amortizing 1.0 2.8 2.7 1.8 0.9 5.9 8.1 8.1 7.1 7.5 5.7 8.3 6.4 5.1% Treasury Discounts-Amortizing 2.0 1.0 3.5 7.2 8.2 11.8 13.8 14.6 14.2 10.3 6.7 2.9 2.0 7.6% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:11/19/2007-17:26 PM(PRF PM5)SymRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 10/ 1/2007 United States Treasury: Bills $ 2,544,671,638.80 $ 2,580,816,000.00 NA Notes $ - $ - $ Federal Agency: SBA $ 599,620,064.66 $ 600,488,014.81 $ 5,570,185.28 MBS $ 1,227,170,745.20 $ 1,213,958,420.93 $ 5,813,663.91 Bonds $ 5,655,618,364.01 $ 5,677,063,823.60 $ 93,267,108.60 Floaters $ 1,197,542,173.63 $ 11195,40TA50.00 $ 6,780,585.85 Discount Notes $ 5,697,057,300.23 $ 5,808,120,400.00 NA FHLMC PC $ 306,421.45 $ 314,663.15 $ 4,998.46 GNMA $ 197,974.98 $ 223,091.17 $ 1,965.75 Bankers Acceptances $ - $ - NA Bank Notes $ 1,300,000,000.00 $ 1,300,466,574.00 $ 4,028,166.67 CDs $ 8,189,028,080.86 $ 8,191,711,642.27 $ 82,475,562.79 Commercial Paper $ 8,494,305,373.34 $ 8,530,556,026.97 NA Corporate: Floaters $ 119,020,063.18 $ 116,286,160.00 $ 982,354.02 Bonds $ 255,596,164.83 $ 256,555,803.20 $ 2,271,656.24 Repurchase Agreements $ - NA Reverse Repurchase $ (494,454,000.00) $ (494,454,000.00) $ (1,728,310.00) Time Deposits $ 9,007,995,000.00 $ 9,007,995,000.00 NA AB 55&GF Loans $ 18,301,810,773.76 $ 18,301,810,773.76 NA TOTAL $ 62,095,486,138.93 1 $ 62,287,319,843.86 $ 199,467,937.57 Fair Value Including Accrued Interest $ 62,486,787,781.43 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 Septmeber 30,2007 Summary of investments by type Market Value Market Value Par Value Investment Type as of 8/31/07 as of 9/30/07 $5,006,284 Local Agency Investment Fund (LAIF) $5,706,284 $5,006,284 $0 Federal Agency Issues $0 $0 $8,237,586 Investment Agreements $8,190,455 $8,237,586 $2,868,110 Money Market Funds $7,073,829 $2,868,110 $0 US Treasury Securities $0 $0 $16,111,980 $20,970,568 $16,111,980 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 8/31/07 as of 9/30/07 $2,509,555 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,508,626 $2,509,555 $2,325,309 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $3,451,109 $2,325,309 $1,698,427 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,698,294 $1,698,427 $502,670 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $667,056 $502,670 $2,044,654 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $3,360,895 $2,044,654 $2,695,191 Huntington Beach PFA- 2001 Series B (1993 Civic Center&Police Administration Bldg. Refinance) $2,694,919 $2,695,191 $1,272,905 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $2,011,441 $1,272,905 $307,219 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $176,939 $307,219 $1,692,394 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $2,654,230 $1,692,394 $78,909 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $778,907 $78,909 $820,374 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $819,360 $820,374 $164,373 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $148,792 $164,373 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $16,111,980 $20,970,568 $16,111,980 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2007 Beginning Balance Contributions Distributions/ Earnings Other Ending (6-30-07) Transfers (change in value) Balance (09-30-07) ICMA Retirement Corporation (457 Plan) $25,833,522 $1,192,801 ($513,505) $570,954 ($151) $27,083,621 ICIVIA Retirement Corporation (401 Plan) $828,815 $40,207 $0 $17,164 $0 $886,186 Nationwide Retirement Solutions (457 Plan) $56,433,194 $914,257 ($1,512,754) $955,938 ($125) $56,790,510 Total Deferred Compensation Plan Balances $83,095,531 $2,147,265 ($2,026,259) $1,544,056 ($276) $84,760,317 ATTACHMENT #4 Treasurer's Report - Shari L. Freidenrich, CPA, CCM.T, CPFA October Report x � I d � e Shari L . Freidenrich , CPA, CCMT CPFA, CPFIM December 17, 2007 Treasurer's Report ® Shari L. Freienrich, CPA, CC MT CPPA Financial Information: September October Inc./(Dec.) End of Month City Portfolio $208.355 $203.324 ($5.031 ) End of Month Market Value $208.547 $203.548 ($4.999) Interest Earned for Month $0.848 $0.835 ($0.013) Earned Interest Yield Year to Date 4.74% 4.78% 0.04% Average Maturity ( in days) 389 380 (9) YTD Average Daily Balance $210.474 $205.535 ($4.939) Summary by Type: October % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $94.835 46% Done 711 4.58% LAIF (State Pool) $39.950 20% 40 million 1 5. 14% U.S.Treasury Notes $13.998 7% None 288 4.40% Medium Terra Notes $3.942 2% 20% 734 5.06% Discount Comm. Paper $27.765 14% 25% 60 5.25% Discount Federal Agy $16.854 8% None 68 4.62% Discount Treasury Note $5.980 3% None 26 4.92% Total $203.324 100% 380 4.79% ROUTINGHE T INITIATING DEPARTMENT: City Treasurer SUBJECT: October 2007 Investment Summary Report COUNCIL. MEETING DATE: December 17, 2007 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable E 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 Attomey Not Applicable Subleases, Third Party Agreements, etc. Attached (Approved as to form by City Attomey) Not Applicable Certificates of Insurance (Approved by the City Attomey) Attached Not App➢icable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached i .._ Not Applicable Bonds (if applicable) Attached ; Not Applicable Staff Report (If applicable) N Attached Applicable Commission, Board or Committee Report (If applicable) Attached Not Applicable Findings/Conditions for Approval and/or Denial Attached Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff Deputy City Administrator (initial) City Administrator (Initial) ) City Clerk EXPLANATION FOR RETURN OF ITEM: RCA Author: SLF CS %emu« C-P� Council/Agency Meeting Held /Z �- Deferred/Continued to _ Approved ❑ Conditionally Approved ❑ Denied Ity irk s gna r Council Meeting Date 11/5/2007 Department ID Number CT08-02 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY SHARI L FREIDENRICH, CPA, CITY TREASURP PREPARED BY SHARI L FREIDENRICH, CPA CITY TREASU e;�e SUBJECT REVIEW AND ACCEPT CITY TREASURER'S SEPTEMBER 2007 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 2007 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 September 2007, pursuant to Section 17 0 of the Investment Policy of the City of Huntington Beach Alternative Action(s) Deny or critique monthly report REQUEST FOR CITY COUNCIL ACTION MEETING DATE 11/5/2007 DEPARTMENT ID NUMBER CT08-02 Analysis Not Applicable Strategic Plan Goal Not Applicable -Administrative Action Environmental Status Not Applicable Attachments) • . 1 Monthly Investment Report and Summary of Investments for Se tember 2007 2 Schedule of Bond Investments 3 Deferred Compensation Plan Summary Information 4 September 2007 PowerPoint Presentation 2 10/15/2007 8 25 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds and Deferred Compensation Activity for September 2007 City Investment Portfolio August September Inc/(Dec) End of month City Portfolio Balance $213 194 467 $208 354 706 ($4 839 761) End of month General Fund Balance $27 140 846 $30 168 205 $3 027 359 Monthly Effective Rate of Return 4 83% 4 90% 0 07% Average Maturity ( in days) 394 389 (5) End of Month Market Value $213 098 440 $208 547 118 ($4 551 322) End of month bank cash balance $3 099 744 $3 669 474 $569 730 Bond Proceeds Investments * July August Inc/(Dec) End of Month Bond Reserve Par Value $20 717 574 $20 970 568 $252 994 End of Month Bond Reserve Market Value $20 717 574 $20 970 568 $252 994 Deferred Compensation Investments ** June September Inc/(Dec) Participant Balances $83 095 531 $84 760 317 $1 664 786 Comparison to Budget/City Portfolio Budget Actual Inc/(Dec) Interest Earned for Month $450 000 $847 730 $397 730 Interest Earned Year to Date $5 400 000 $10 327 947 $4 927 947 Earned Interest Yield Year to Date 4 25% 4 74% 0 49% 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 $92 838 648 44% None 762 4 59% Local Agency Inv Fund (LAIF) $39 967 836 19% $40 million 1 5 23% Treasury Securities Coupon $13 997 155 7% None 319 4 40% Medium Term Notes $3 939 527 2% 20% 765 5 06% Commercial Paper Disc -Amortizing $31 712 489 15% 25% 62 5 35% Federal Agency Disc Amortizing $11 952 748 6% None 30 5 04% Treasury Discounts Amortizing $13 946 303 7% None 29 4 97% $208 354 706 100% 389 4 87% O\ N�OPPOF f � F City of Huntington Beach 9 �:It�/ of l-l� 2000 Main St 9 _ _ Portfolio Management Huntington Beach e Portfolio Summary ��FOOUNTY CP�\�o September 30, 2007 Par Market Book /of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Eqwv 365 Equiv Federal Agency Issues Coupon 92 850 000 00 92 918 021 00 92 838 647 53 4456 1 425 762 4 525 4 588 Local Agency Investment Funds 39 967 836 69 39 967 836 69 39 967 836 69 1918 1 1 5 159 5 231 Treasury Securities Coupon 14 000 000 00 14 087 18000 13 997 155 65 672 851 319 4 343 4 403 Medium Term Notes 4 000 000 00 3 939 480 00 3 939 527 15 1 89 1 057 765 4 988 5 057 Commercial Paper Disc Amortizing 32 000 000 00 31 720 100 00 31 712 488 61 1522 114 62 5 271 5 345 Federal Agency Disc Amortizing 12 000 000 00 11 954 600 00 11 952 747 50 574 108 30 4 972 5 041 Treasury Discounts Amortizing 14 000 000 00 13 959 900 00 13 946 302 94 669 167 29 4 898 4 966 208 817 836 69 208 547 117 69 208 354 706 07 100 00% 747 389 4 807 4 874 Investments Cash and Accrued Interest Accrued Interest at Purchase 71 35981 71 35981 Subtotal 71 35981 71 35981 Total Cash and Investments 208 817 836 69 208 618 477 50 208 426 065 88 747 389 4 807 4 874 Total Earnings September 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 847 729 54 10 327 947 48 10 327 947 48 Current Budget 450 000 00 5 400 000 00 5 400 000 00 Last Year Actual 713 587 00 7 728 428 00 7 728 428 00 Average Daily Balance 210 473 705 74 217 865 083 83 Effective Rate of Return 4 90% 4 74% 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 L) S FREIDE RICH CPA CITY TREASURER Reporting period 09/01/2007 09/30/2007 Portfolio CITY AP Run Date 10/10/2007 10 38 PM(PRF_PM1)SyrnRept 6 41 202 Report Ver 5 00 City of HB Portfolio Management Page 2 Portfolio Details - Investments September 30, 2007 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 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1 000 000 00 992 810 00 1 000 000 00 3 500 AAA 3 500 197 04/15/2008 31331 SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2 000 000 00 1 988 120 00 2 000 000 00 4 000 AAA 4 000 393 10/28/2008 31331 SGHO 3276 Federal Farm Credit Bank 12/15/2004 2 000 000 00 1 987 500 00 2 000 000 00 4 000 AAA 4 000 441 12/15/2008 31331 SMB6 3288 Federal Farm Credit Bank 02/02/2005 2 000 000 00 1 998 120 00 2 000 000 00 3 700 AAA 3 700 32 11/02/2007 31331 SWB5 3304 Federal Farm Credit Bank 05/06/2005 2 000 000 00 1 998 120 00 1 999 362 45 4 620 AAA 4 642 581 05/04/2009 31331 SXVO 3308 Federal Farm Credit Bank 05/24/2005 2 000 000 00 1 995 620 00 2 000 000 00 4 450 AAA 4 450 420 11/24/2008 31331 SD59 3314 Federal Farm Credit Bank 06/21/2005 2 000 000 00 1 990 000 00 2 000 000 00 4 480 AAA 4 480 994 06/21/2010 31331XAK8 3430 Federal Farm Credit Bank 10/16/2006 2 000 000 00 2 000 620 00 2 000 000 00 5 250 AAA 5 250 928 04/16/2010 31331XHPO 3452 Federal Farm Credit Bank 12/14/2006 2 000 000 00 2 002 500 00 2 000 000 00 5 250 AAA 5 250 1 170 12/14/2010 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2 000 000 00 2 020 000 00 1 996 830 11 5 050 AAA 5 150 616 06/08/2009 31331XE57 3542 Federal Farm Credit Bank 06/18/2007 2 000 000 00 2 018 120 00 2 000 000 00 5 850 AAA 5 850 1 722 06/18/2012 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2 000 000 00 1 981 260 00 2 000 000 00 3 020 AAA 3 020 189 04/07/2008 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2 000 000 00 1 977 500 00 2 000 000 00 3 320 AAA 3 320 301 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2 000 000 00 1 971 26000 2 000 000 00 2 900 AAA 2 900 302 07/29/2008 3133X1 CF2 3178 Federal Home Loan Bank 09/29/2003 1 850 000 00 1 839 011 00 1 850 000 00 4 000 AAA 4 000 364 09/29/2008 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2 000 000 00 2011 26000 2 000 000 00 5 500 AAA 5 500 1 131 11/05/2010 3133XGN59 3413 Federal Home Loan Bank 08/26/2006 2 000 000 00 2 020 620 00 2 000 000 00 5 700 AAA 5 700 1 424 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2 000 000 00 2 016 260 00 2 000 000 00 5 430 AAA 5 430 1 452 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2 000 000 00 2 028 760 00 2 000 000 00 5 300 AAA 5 300 1 445 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2 000 000 00 2 015 620 00 2 000 000 00 5 250 AAA 5 250 764 11/03/2009 3133XHV41 3442 Federal Home Loan Bank 11/21/2006 2 000 000 00 2 000 000 00 2 000 000 00 5200 AAA 5200 51 11/21/2007 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2 000 000 00 2 008 120 00 2 000 000 00 5 150 AAA 5 150 1 019 07/16/2010 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2 000 000 00 2 019 380 00 2 000 000 00 5 300 AAA 5 300 1 411 08/12/2011 3133XKM51 3525 Federal Home Loan Bank 05/02/2007 2 000 000 00 2 000 620 00 2 000 000 00 5 250 AAA 5 250 32 11/02/2007 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2 000 000 00 2 033 120 00 2 000 000 00 5 550 AAA 5 550 1 716 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2 000 000 00 2 027 500 00 1 99661806 5 350 AAA 5 419 988 06/15/2010 3133XLEL3 3541 Federal Home Loan Bank 06/25/2007 2 000 000 00 2 002 500 00 2 000 000 00 5 400 AAA 5 400 268 06/25/2008 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2 000 000 00 2 056 880 00 2 000 000 00 5 600 AAA 5 600 1 754 07/20/2012 3133XM6S5 3557 Federal Home Loan Bank 09/04/2007 2 000 000 00 2 003 760 00 2 000 000 00 5 125 AAA 5 125 339 09/04/2008 3128X1 RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2 000 000 00 1 973 100 00 2 000 000 00 3 000 AAA 3 000 295 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2 000 000 00 1 988 060 00 2 000 000 00 3 000 AAA 3 000 114 01/23/2008 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2 000 000 00 1 985 760 00 2 000 000 00 3 560 AAA 3 560 207 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2 000 000 00 1 988 900 00 2 000 000 00 4 125 AAA 4 125 779 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2 000 000 00 1 984 920 00 2 000 000 00 3 600 AAA 3 600 234 05/22/2008 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2 000 000 00 2 013 780 00 1 998 394 44 5 250 AAA 5 273 1 466 10/06/2011 3128X5QK7 3446 Federal Home Loan Mort Corp 11/28/2006 2 000 000 00 2 003 440 00 2 000 000 00 5 500 AAA 5 500 1 519 11/28/2011 Portfolio CITY AP Run Date 10/10/2007 1038 PM(PRF_PM2)SymRept 6 41 202 Report Ver 5 00 City of 1-113 Portfolio Management Page 3 Portfolio Details - Investments September 30, 2007 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 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2 000 000 00 2 006 640 00 2 000 000 00 5 050 AAA 5 050 809 12/18/2009 3128X5TD0 3460 Federal Home Loan Mort Corp 12/26/2006 2 000 000 00 2 002 640 00 2 000 000 00 5 100 AAA 5 100 452 12/26/2008 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2 000 000 00 2 014 460 00 2 000 000 00 5 250 AAA 5 250 1 550 12/29/2011 3128X5PT9 3468 Federal Home Loan Mort Corp 01/05/2007 2 000 000 00 2 000 880 00 1 999 851 40 5 250 AAA 5 251 781 11/20/2009 3128X5WH7 3486 Federal Home Loan Mort Corp 02/05/2007 2 000 000 00 2 006 080 00 1 998 266 07 5 550 AAA 5 572 1 561 01/09/2012 3136F5KW0 3223 Fed Nat I Mort Assoc 03/30/2004 2 000 000 00 1 975 000 00 2 000 000 00 3 610 AAA 3 610 546 03/30/2009 31359MSC8 3242 Fed Nat I Mort Assoc 06/04/2004 2 000 000 00 1 980 000 00 1 999 325 00 3 250 AAA 2052 247 06/04/2008 3136F6FY0 3259 Fed Nat I Mort Assoc 09/29/2004 2 000 000 00 1 989 380 00 2 000 000 00 4 250 AAA 4 250 729 09/29/2009 3136F6MN6 3268 Fed Nat I Mort Assoc 11/23/2004 2 000 000 00 1 986 260 00 2 000 000 00 3 700 AAA 3 700 235 05/23/2008 3136F6PB9 3273 Fed Nat I Mort Assoc 11/19/2004 2 000 000 00 1 996 880 00 2 000 000 00 3 700 AAA 3 080 49 11/19/2007 3136F74N4 3433 Fed Nat I Mort Assoc 10/27/2006 2 000 000 00 2 016 880 00 2 000 000 00 5 375 AAA 5 375 1 487 10/27/2011 Subtotal and Average 96 438 429 78 92 850 000 00 92 918 021 00 92 838 647 53 4 588 762 Local Agency Investment Funds SYS982 982 Laif City 19 210 564 50 19 210 564 50 19 210 564 50 5 231 NR 5 231 1 SYS2206 2206 LAIF Redevelopment Agency 20 757 272 19 20 757 272 19 20 757 272 19 5 231 NR 5 231 1 Subtotal and Average 39 144 503 36 39 967 836 69 39 967 836 69 39 967 836 69 5 231 1 Treasury Securities Coupon 912828ANO 3244 US Treasury Notes 06/10/2004 2 000 000 00 1 997 660 00 1 998 900 14 3 000 AAA 3 473 45 11/15/2007 912828ANO 3270 US Treasury Notes 11/15/2004 2 000 000 00 1 997 660 00 1 999 859 62 3 000 AAA 3 060 45 11/15/2007 912828FPO 3435 US Treasury Notes 10/25/2006 2 000 000 00 2 032 180 00 2001 04268 4 875 AAA 4 834 684 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2 000 000 00 2 010 780 00 1 994 587 69 4 625 AAA 4 909 365 09/30/2008 912828FV7 3473 US Treasury Notes 01/08/2007 2 000 000 00 2 017 500 00 2 001 495 47 4 875 AAA 4 795 396 10/31/2008 912828FM7 3476 US Treasury Notes 01/17/2007 2 000 000 00 2 013 900 00 2001 27005 5 000 AAA 4 883 304 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2 000 000 00 2 017 500 00 2 000 000 00 4 875 AAA 4 867 396 10/31/2008 Subtotal and Average 13 996 678 44 14 000 000 00 14 087 180 00 13 997 155 65 4 403 319 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2 000 000 00 1 952 520 00 1 952 577 81 4200 Aaa 5 023 1 171 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2 000 000 00 1 986 960 00 1 986 949 34 4 400 Aa1 5 090 366 10/01/2008 Subtotal and Average 3 938 405 64 4 000 000 00 3 939 480 00 3 939 527 15 5 057 765 Commercial Paper Disc Amortizing 02581 SXR7 3558 American Express 09/11/2007 2 000 000 00 1 993 300 00 1 993 080 00 5 190 P 1 5 296 24 10/25/2007 02581 SZM6 3561 American Express 09/25/2007 2 000 000 00 1 977 140 00 1 978 625 00 4 750 P 1 4 872 81 12/21/2007 Portfolio CITY AP Run Date 10/10/2007 10 38 PM(PRF_PM2)SymRept 6 41 202 City of HB Portfolio Management Page 4 Portfolio Details - Investments September 30, 2007 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 02581 SZQ7 3562 American Express 09/26/2007 2 000 000 00 1 976 300 00 1 977 880 00 4 740 P 1 4 863 84 12/24/2007 17307SXW7 3550 Citigroup Global 07/25/2007 2 000 000 00 1 991 92000 1 991 55778 5 240 P 1 5 389 29 10/30/2007 17307RAJ3 3551 Citigroup Global 07/27/2007 2 000 000 00 1 969 360 00 1 968 571 67 5 190 P 1 5 398 109 01/18/2008 17307SYD8 3552 Citigroup Global 08/09/2007 2 000 000 00 1 987 960 00 1 987 386 67 5 280 P 1 5 430 43 11/13/2007 17307RB45 3559 Citigroup Global 09/13/2007 2 000 000 00 1 965 000 00 1 962 410 00 5 370 P 1 5 564 126 02/04/2008 36959JY98 3544 General Electric Capital Corp 06/29/2007 2 000 000 00 1 989 080 00 1 988 765 83 5 185 P 1 5 360 39 11/09/2007 36959JXC2 3549 General Electric Capital Corp 07/25/2007 2 000 000 00 1 997 000 00 1 996 810 00 5 220 P 1 5 354 11 10/12/2007 36959JYD9 3554 General Electric Capital Corp 08/13/2007 2 000 000 00 1 987 960 00 1 987 458 33 5 250 P 1 5 395 43 11/13/2007 61745BYT8 3555 Morgan Stanley Dean Witter 08/13/2007 2 000 000 00 1 983 940 00 1 982 520 00 5 520 Al P1 5 689 57 11/27/2007 61745AB16 3556 Morgan Stanley Dean Witter 08/15/2007 2 000 000 00 1 965 840 00 1 963 646 67 5 320 Al P1 5 533 123 02/01/2008 61745ACHO 3560 Morgan Stanley Dean Witter 09/24/2007 2 000 000 00 1 953 980 00 1 953 240 00 5 010 Al P1 5206 168 03/17/2008 90262DX91 3536 UBS Finance Delaware LLC 06/06/2007 2 000 000 00 1 997 820 00 1 997 682 22 5 215 P 1 5 385 8 10/09/2007 90262DY66 3545 UBS Finance Delaware LLC 07/06/2007 2 000 000 00 1 989 920 00 1 989 550 00 5 225 P 1 5 394 36 11/06/2007 90262DXQ3 3548 UBS Finance Delaware LLC 07/24/2007 2 000 000 00 1 993 580 00 1 993 304 44 5 240 P 1 5 385 23 10/24/2007 Subtotal and Average 25 484 155 53 32 000 000 00 31 720 100 00 31 712 488 61 5 345 62 Federal Agency Disc Amortizing 313312RAO 3563 Federal Farm Credit Bank 09/26/2007 2 000 000 00 1 978 400 00 1 978 250 00 4 500 AAA 4 616 87 12/27/2007 313396MM2 3530 Federal Home Loan Mort Corp 05/09/2007 2 000 000 00 1 999 400 00 1 999 437 78 5 060 AAA 5 239 2 10/03/2007 313396NG4 3532 Federal Home Loan Mort Corp 05/17/2007 2 000 000 00 1 994 800 00 1 994 090 83 5 065 AAA 5 252 21 10/22/2007 313396PE7 3564 Federal Home Loan Mort Corp 09/28/2007 2 000 000 00 1 989 200 00 1 989 178 33 4 530 AAA 4 620 43 11/13/2007 313588NL5 3534 Fed Nat I Mort Assoc 05/31/2007 2 000 000 00 1 993 800 00 1 992 930 56 5 090 AAA 5 271 25 10/26/2007 313588MP7 3563 Fed Nat I Mort Assoc 08/10/2007 2 000 000 00 1 999 000 00 1 998 860 00 5 130 AAA 5 243 4 10/05/2007 Subtotal and Average 13 424 053 73 12 000 000 00 1196460000 11 952 747 50 5 041 30 Treasury Discounts Amortizing 912795A43 3511 United States Treasury Bills 04/10/2007 2 000 000 00 1 999 460 00 1 999 186 67 4 880 AAA 5 069 3 10/04/2007 912795A43 3523 United States Treasury Bills 04/30/2007 2 000 000 00 1 999 460 00 1 999 198 33 4 810 AAA 4 981 3 10/04/2007 912795A50 3526 United States Treasury Bills 05/01/2007 2 000 000 00 1 998 260 00 1 997 333 37 4 800 AAA 4 975 10 10/11/2007 912795A68 3527 United States Treasury Bills 05/01/2007 2 000 000 00 1 996 940 00 1 995 466 60 4 800 AAA 4 980 17 10/18/2007 912795626 3533 United States Treasury Bills 05/17/2007 2 000 000 00 1 991 18000 1 988 262 42 4 695 AAA 4 876 45 11/15/2007 912795642 3535 United States Treasury Bills 06/07/2007 2 000 000 00 1 988 080 00 1 984 528 89 4 720 AAA 4 898 59 11/29/2007 912795B59 3547 United States Treasury Bills 07/13/2007 2 000 000 00 1 986 520 00 1 982 326 66 4 820 AAA 4 984 66 12/06/2007 Subtotal and Average 18 047 479 25 14 000 000 00 13 959 900 00 13 946 302 94 4 966 29 Portfolio CITY AP Run Date 10/10/2007 1038 PM(PRF_PM2)SymRept 6 41 202 City of HB Portfolio Management Page 5 Portfolio Details - Investments September 30, 2007 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 210 473 705 74 208 817 836 69 208 647 117 69 208 354 706 07 4 874 389 Portfolio CITY AP Run Date 10/10/2007 1038 PM(PRF_PM2)SymRept 6 41 202 City of HB Portfolio Management Page 6 Portfolio Details - Cash September 30, 2007 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody s 365 Maturity Average Balance 000 Accrued Interest at Purchase 71 35981 71 35981 0 Subtotal 71 35981 71 35981 Total Cash and Investmentss 210 473 705 74 208 817 836 69 208 618 477 50 208 426 065 88 4 874 389 Portfolio CITY AP Run Date 10/10/2007 10 38 PM(PRF_PM2)SymRept 6 41 202 CAty of HB Portfoloo Management Page 7 Activlty By Type September 1, 2007 through September 30, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues Coupon 3133X8QN5 3255 Federal Home Loan Bank 3 260 09/28/2007 000 2 000 000 00 3133XEXU8 3365 Federal Home Loan Bank 5 100 09/28/2007 000 2 000 000 00 3133XKC37 3504 Federal Home Loan Bank 5 250 09/04/2007 000 2 000 000 00 3133XM6S5 3557 Federal Home Loan Bank 5 125 09/04/2007 2 000 000 00 000 Subtotal 2 000 000 00 6 000 000 00 92 838 647 53 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 5 231 4 900 000 00 3 800 000 00 Subtotal 4 900 000 00 3 800 000 00 39 967 836 69 Treasury Securities Coupon Subtotal 13 997 155 65 Medium Term Notes Subtotal 3 939 527 15 Commercial Paper Disc Amortizing 02581 SXR7 3558 American Express 5 190 09/11/2007 1 987 313 33 000 02581 SZM6 3561 American Express 4 750 09/25/2007 1 977 041 67 000 02581 SZQ7 3562 American Express 4 740 09/26/2007 1 976 563 33 000 17307RB45 3559 Citigroup Global 5 370 09/13/2007 1 957 040 00 000 61745ACHO 3560 Morgan Stanley Dean Witter 5 010 09/24/2007 1 951 291 67 000 Subtotal 9 849 250 00 000 31 712 488 61 Federal Agency Disc Amortizing 313312RAO 3563 Federal Farm Credit Bank 4 500 09/26/2007 1 977 000 00 000 313396LV3 3509 Federal Home Loan Mort Corp 5 050 09/17/2007 000 2 000 000 00 313396LP6 3514 Federal Home Loan Mort Corp 5 070 09/11/2007 000 2 000 000 00 313396MC4 3524 Federal Home Loan Mort Corp 5 050 09/24/2007 000 2 000 000 00 313396PE7 3564 Federal Home Loan Mort Corp 4 530 09/28/2007 1 988 423 33 000 313588ME2 3512 Fed Nat I Mort Assoc 5 070 09/26/2007 000 2 000 000 00 Subtotal 3 965 423 33 8 000 000 00 11 952 747 50 Treasury Discounts Amortizing 912795ZZ7 3501 United States Treasury Bills 4 910 09/13/2007 000 2 000 000 00 Portfolio CITY AP Run Date 10/10/2007 10 38 PM(PRF_PM3)SymRept 6 41 202 Report Ver 5 00 City of 1-113 Portfolio Management Activity By Type Page 8 September 1, 2007 through September 30, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Treasury Discounts Amortizing 912795ZYO 3508 United States Treasury Bills 4 870 09/06/2007 000 2 000 000 00 912795A35 3510 United States Treasury Bills 4 870 09/27/2007 000 2 000 000 00 912795A27 3522 United States Treasury Bills 4 830 09/20/2007 000 2 000 000 00 Subtotal 000 8 000 000 00 13 946 302 94 Total 20 714 673 33 25 800 000 00 208 354 706 07 Portfolio CITY AP Run Date 10/10/2007 1038 PM(PRF_PM3)SymRept 6 41 202 City of 1-113 Portfolio Management Page 9 Activity Summary September 2006 through September 2007 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 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 4 571 4 634 5 129 21 14 727 387 January 2007 95 219 934 932 02 4 609 4 673 5 156 17 11 722 401 February 2007 94 219 391 301 54 4 678 4 743 5 181 12 13 737 429 March 2007 91 215 541 134 27 4 702 4 767 5 214 11 14 729 417 April 2007 100 222 964 352 01 4 758 4 825 5 222 17 8 667 371 May 2007 105 242 517 495 45 4 801 4 867 5 248 10 5 634 342 June 2007 105 243 107 792 06 4 803 4 870 5 250 10 10 679 368 July 2007 99 234 531 828 66 4 792 4 859 5 255 7 13 740 398 August 2007 90 219 378 158 87 4 809 4 876 5 253 5 14 749 394 September 2007 87 210 473 705 74 4 807 4 874 5 231 8 11 747 389 Average 92 216 382 263 44 4 654/ 4 719/6 5 182 11 11 718 380 Portfolio CITY AP Run Date 10/10/2007 10 38 PM(PRF_PM4)SymRept 6 41 202 Report Ver 5 00 City of HB Portfolio Management Page 10 Distribution of Investments By Type September 2006 through September 2007 September October November December January February March April May June July August September Average Security Type 2006 2006 2006 2006 2007 2007 2007 2007 2007 2007 2007 2007 2007 by Period Repurchase Agreements Certificates of Deposit Commercial Paper Interest Bearing Federal Agency Issues Coupon 507 554 577 504 474 454 450 397 381 421 452 454 44 6 46 7% Local Agency Investment Funds 194 182 200 179 179 167 182 171 164 164 139 18 2_ 192 17 7% Treasury Securities Coupon 102 11 3 91 86 107 101 93 86 74 74 81 66 67 8 8% Medium Term Notes 1 0 09 1 8 18 18 1 7 16 16 1 8 1 9 1 9 1 4% Negotiable CD s Certificates of Deposit Bank Mortgage Backed Securities Bankers Acceptances Amortizing Commercial Paper Disc Amortizing 147 120 91 184 161 171 166 153 147 98 98 102 152 13 8% Federal Agency Disc Amortizing 20 1 0 10 28 27 1 8 09 59 81 81 71 7 5 57 4 2% Treasury Discounts Amortizing 30 21 20 10 35 72 82 11 8 138 146 14 2 103 67 7 6% Miscellaneous Discounts Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date 10/10/2007 10 38 PM(PRF_PM5)SymRept 6 41 202 Report Ver 5 00 State of California Pooled Money Investment Account Market Valuation 9/30/2007 L i bl , ylttgCar i I �) ''� �� �i f I II i �9I� � 4 � Ili eSc �� edi terE:$ Iltl'i «"� yai�Ii rtP dq ��II ' r A United States Treasury Bills $ 2 150 965 249 92 $ 2 173 750 972 19 $ 2 179 240 000 00 NA Notes $ $ $ $ Federal Agency SBA $ 602 730 143 34 $ 602 694 530 82 $ 603 188 006 34 $ 5 610 983 38 MBS $ 1 237 863 277 32 $ 1 237 863 277 32 $ 1 224 556 576 69 $ 5 854 607 73 Bonds $ 5 702 838 555 41 $ 5 701 969 263 74 $ 5 723 617 311 25 $ 78 269 663 64 Floaters $ 644 862 433 82 $ 644 862 433 82 $ 645 074 200 00 $ 5 927 086 28 Discount Notes $ 6 068 496 597 46 $ 6 141 103 312 74 $ 6 158 961 100 00 NA FHLMC PC $ 344 188 47 $ 344 188 47 $ 353 436 54 $ 5 608 19 GNMA $ 200 532 48 $ 200 532 48 $ 225 728 27 $ 1 991 48 Bankers Acceptances $ $ $ NA Bank Notes $ 1 500 000 000 00 $ 1 500 000 000 00 $ 1 499 503 702 00 $ 2 444 388 88 CDs $ 10 612 213 372 87 $ 10 612 051 203 42 $ 10 612 968 536 98 $ 95 552 148 63 Commercial Paper $ 11 194 381 479 42 $ 11 271 849 226 93 $ 11 273 682 819 44 NA Corporate Floaters $ 119 024 753 95 $ 119 024 753 95 $ 117 355 650 00 $ 614 638 96 Bonds $ 255 065 509 13 $ 255 065 509 13 $ 256 018 696 57 $ 2 577 432 06 Repurchase Agreement $ $ $ NA Reverse Repurchase $ 396 104 000 00) $ 396 104 000 00) $ (396 104 000 00) $ (274 355 68) Time Deposits $ 9 054 495 000 00 $ 9 054 495 000 00 $ 9 054 495 000 00 NA AB 55&GF Loans $ 12 449 544 297 76 $ 12 449 544 297 76 $ 12 449 544 297 76 NA TOTAL $ 61 196 921 391 35 $ 61 368 714 502 76 $ 61 402 681 061 84 $ 196 584 193 55 Fair Value Including Accrued Interest $ 61 599 265 255 39 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(1 000553483) As an example if an agency has an account balance of$20 000 000 00 then the agency would report itE participation in the IAIF valued at $20 011 069 67 or $20 000 000 00 x 1 000553483 ATTACHMENT #2 pp— Schedule of Bond Investments Held by Fiscal Agent as of August 31 2007 Summary of investments by type Market Value Market Value Par Value Investment Type as of 7/31/07 as of 8/31/07 $5 706 284 Local Agency Investment Fund (LAIF) $5 716 284 $5 706 284 $0 Federal Agency Issues $0 $0 $8 190 455 Investment Agreements $8 236 983 $8 190 455 $7 073 829 Money Market Funds $6 764 307 $7 073 829 $0 US Treasury Securities $0 $0 $20 970 568 $20 717 574 $20 970 568 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 7/31/07 as of 8/31/07 $2 508 626 City of Huntington Beach 2004 Judgment Obligation Bonds(Property Tax Refunds) $2 706 548 $2 508 626 $3 451 109 City of Huntington Beach 2003 1 Community Facilities District(Huntington Center Bella Terra) $2 324 277 $3 451 109 $1 698 294 Redevelopment Agency of Huntington Beach 2002 Tax Allocation Refunding Bonds $2 863 365 $1 698 294 $667 056 Huntington Beach Community Facilities District No 2002 1 (McDonnell Centre Business Park) $516 176 $667 056 $3 360 895 Huntington Beach PFA 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2 043 714 $3 360 895 $2 694 919 Huntington Beach PFA 2001 Series B (1993 Civic Center&Police Administration Bldg Refinance) $4 847 054 $2 694 919 $2 011 441 City of Huntington Beach 2001 Community Facilities District(Grand Coast Hyatt) $1 315 274 $2 011 441 $176 939 City of Huntington Beach 90 1 Community Facilities District Special Tax Refunding $176 938 $176 939 $2 654 230 Huntington Beach PFA 2000 Series A(Water System Impv Beach Mnt Facility Energy Retrofit SB Phase 1) $1 642 549 $2 654 230 $778 907 Redevelopment Agency of Huntington Beach 1999 Tax Allocation Refunding Bonds $1 318 178 $778 907 $819 360 Huntington Beach Public Finance Authority Lease Revenue Bonds 1997 Public Facilities Project $818 259 $819 360 $148 792 City of Huntington Beach Multi Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $145 242 $148 792 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $20 970 568 $20 717 574 $20 970 568 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2007 Beginning Balance Contributions Distributions/ Earnings Other Ending (6-30-07) Transfers (change in value) Balance (09-30-07) ICMA Retirement Corporation (457 Plan) $25 833 522 $1 192 801 ($513 505) $570 954 ($151) $27 083 621 ICMA Retirement Corporation (401 Plan) $828 815 $40 207 $0 $17 164 $0 $886 186 Nationwide Retirement Solutions (457 Plan) $56 433 194 $914 257 ($1 512 754) $955 938 ($125) $56 790 510 Total Deferred Compensation Plan Balances $83 095 531 $2 147 265 ($2 026 259) $1 544 056 ($276) $84 760 317 ATTACHMENT #4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM TREASURER' S x n Shari L Freidenrich , CPA, CCMT CPFA, CPFIM November 5, 2007 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Objectives • Safety • Liquidity • Yield Slide 2 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM First Objective - Safety Investments Percentages By Quality Ratings Not Rated AAA r:� 19% 65% t Al P1 AA 1% Slide 3 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPF/M Investment Percentages By Type of Investment Federal Disc. Treasury x. ,. = Agencies Securities 44% 7 /o 0 Commer r Pape . 150 r .4 IM Fed. A c { g Y Discount 6% Treasury Sec. LAI F 7% 2'% 19% Slide 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Balances Trends Annualized Average Daily Portfolio Balance (in millions) $225 $200 $175 $150 $125 $100 4 $75 $50 $25 $0 Sep-02 Sep-03 Sep-04 Sep-05 Sep-06 Sep-07 Slide 5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Second Objective - Liquidity� Investment Maturities by Days, Ending September 2007 41% 40% 34% Y 30% 20% 13% 13% 0 10% 10 /o ° 2% x rz, 0 /0 19% 5% 6% 4% 19% 8% 8% 8% 2006 2007 Slide 6 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $351000,000 $259000,000 ' $308,000 $1,2471100 $159000,000 t $5,000,000 :' d ($510001000) ($2,412,000) ($17,867,000) ($12,8799000) ($7,817,000) ($2530001000) Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Slide 7 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Third Objective - Yield Annual Interest Earnings on Portfolio $1090009000 $41997,000 $890009000 ver Budget $6,0009000 ' f $490009000 r $2,00%000 x. Sep-02 Sep-03 Sep-04 Sep-05 Sep-06 Sep-07 Slide 8 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Yields Trends 6.00% 4.74% 5.00% 4.44% 2.97% 3.91% 4.00% x 3.17% fz- F t 2.44% /o '.000Z v /O WF' 0.00% Sep-02 Sep-03 Sep-04 Sep-05 Sep-06 Sep-07 Slide 9 , 111 111 Y a � � F t Y ' 4=. ` ry� Iv f/ r a� Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPF/M Summary • Recommendation to City Council Slide 11 RCA ROUTING SHEET INITIATING DEPARTMENT City Treasurer SUBJECT September 2007 Investment Summary Report COUNCIL MEETING DATE November 5 2007 RCA ATTACHMENTS STATUS 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 Attomey) 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 pl►cable Fiscal Impact Statement (Unbudgeted, over$5 000) 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 A plicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARD D Administrative Staff Deputy City Administrator (Initial) ( ) ) City Administrator (Initial) ( ) ) City Clerk ( } EXPLANATION FOR RETURN OF ITEM (Below • For Only) RCA Author SLF (27 Council/Agency Meeting Held Deferred/Continued to Approve ❑ Con i ionall A proved ❑ enied =70 CIty Jerk Signat e o/ Council Meeting Date 10/15/2007 Department ID Number CT08-01 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY SHARI L FREIDENRICH CPA, CITY TREASURE PREPARED BY SHARI L FREIDENRICH CPA CITY TREASURE SUBJECT REVIEW AND ACCEPT CITY TREASURER'S AUGUST 2007 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 August 2007 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 August 2007, pursuant to Section 17 0 of the Investment Policy of the City of Huntington Beach Alternative Action(s) Deny or critique monthly report REQUEST FOR CITY COUNCIL ACTION MEETING DATE 10/16/2007 DEPARTMENT ID NUMBER CT08-01 Analysis Not Applicable Strategic Plan Goal Not Applicable -Administrative Action Environmental Status Not Applicable Attachments) NumberCity Clerk's Page 1 Monthly Investment Report and Summary of Investments for August 2007 2 Schedule of Bond Investments 3 Deferred Compensation Plan Summary Information 4 August 2007 PowerPoint Presentation 2 10/1/2007 4 36 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds and Deferred Compensation Activity for August 2007 City Investment Portfolio July August Inc/(Dec ) End of month City Portfolio Balance $223 164 193 $213 194 467 ($9 969 726) End of month General Fund Balance $38 905 887 $27 140 846 ($11 765 041) Monthly Effective Rate of Return 4 82% 4 83% 0 01% Average Maturity( in days) 398 394 (4) End of Month Market Value $222 568 881 $213 098 440 ($9 470 441) End of month bank cash balance $2 858 036 $3 099 744 $241 708 Bond Proceeds Investments * June July Inc/(Dec) End of Month Bond Reserve Par Value $16 584 873 $20 717 574 $4 132 701 End of Month Bond Reserve Market Value $16 584 873 $20 717 574 $4 132 701 Deferred Compensation Investments ** March June Inc/(Dec ) Participant Balances $79 410 954 $83 095 531 $3 684 577 Comparison to Budget/City Portfolio Budget Actual Inc/(Dec ) Interest Earned for Month $450 000 $899 449 $449 449 Interest Earned Year to Date $4 950 000 $9 480 218 $4 530 218 Earned Interest Yield Year to Date 4 25% 4 73% 0 48% 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 August %of Total Policy Limit to Mat Rate Federal Agency Issues-Coupon $96 838 197 45% None 753 4 57% Local Agency Inv Fund (LAIF) $38 867 836 18% $40 million 1 5 25% Treasury Securities Coupon $13 996 168 7% None 349 4 40% Medium Term Notes $3 937 207 2% 20% 795 5 06% Commercial Paper Disc -Amortizing $21 750 779 10% 25% 77 5 43% Federal Agency Disc -Amortizing $15 930 611 8% None 31 5 25% Treasury Discounts Amortizing $21 873 669 10% None 43 5 00% $213 194 467 100% 394 4 88% CC••��NTINGj�A' a F City of Huntington Beach v= City Of l lB 2000 Main St Portfolio Management Huntington Beach 2cF��UNTY CP�\�oe Portfolio Summary August 31, 2007 Par Market Book /of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv 365 Equry Federal Agency Issues Coupon 96 850 000 00 96 618 803 50 96 838 197 02 4542 1 396 753 4 511 4 573 Local Agency Investment Funds 38 867 836 69 38 867 836 69 38 867 836 69 1823 1 1 5 181 5 253 Treasury Securities Coupon 14 000 000 00 14 059 960 00 13 996 168 33 656 851 349 4 343 4 403 Medium Term Notes 4 000 000 00 3 948 000 00 3 937 206 79 1 85 1 057 795 4 988 5 057 Commercial Paper Disc Amortizing 22 000 000 00 21 757 460 00 21 750 778 61 1020 117 77 5 354 5 428 Federal Agency Disc Amortizing 16 000 000 00 15 940 000 00 15 930 610 83 747 141 31 5 176 5 248 Treasury Discounts Amortizing 22 000 000 00 21 906 380 00 21 873 669 18 1026 166 43 4 928 4 997 213 717 836 69 213 098 440 19 213 194 467 45 100 00/ 749 394 4 809 4 876 Investments Cash and Accrued Interest Accrued Interest at Purchase 71 35981 71 35981 Subtotal 71 35981 71 35981 Total Cash and Investments 213 717 836 69 213 169 800 00 213 265 827 26 749 394 4 809 4 876 Total Earnings August 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 899 449 05 9 480 217 94 Current Budget 450 000 00 4 950 000 00 5 400 000 00 Last Year Actual 725 643 00 7 014 841 00 7 728 428 00 Average Daily Balance 219 378 158 87 218 526 998 28 Effective Rate of Return 4 83% 4 73% 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 9-ZI-07 S L FREIDENF&H CITY TREASURER Reporting period 08/01/2007 08/31/2007 Portfolio CITY AP Run Date 09/11/2007 08 43 PM(PRF_PM1)SyrnRept 6 41 202 Report Ver 5 00 City of HB Portfolio Management Page 2 Portfolio Details - Investments August 31, 2007 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 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1 000 000 00 990 310 00 1 000 000 00 3 500 AAA 3 500 227 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2 000 000 00 1 978 760 00 2 000 000 00 4 000 AAA 4 000 423 10/28/2008 31331 SGHO 3276 Federal Farm Credit Bank 12/15/2004 2 000 000 00 1 976 880 00 2 000 000 00 4 000 AAA 4 000 471 12/15/2008 31331 SM136 3288 Federal Farm Credit Bank 02/02/2005 2 000 000 00 1 995 000 00 2 000 000 00 3 700 AAA 3 700 62 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2 000 000 00 1 989 380 00 1 999 329 07 4 620 AAA 4 642 611 05/04/2009 31331SXVO 3308 Federal Farm Credit Bank 05/24/2005 2 000 000 00 1 987 500 00 2 000 000 00 4 450 AAA 4 450 450 11/24/2008 31331 SD59 3314 Federal Farm Credit Bank 06/21/2005 2 000 000 00 1 980 000 00 2 000 000 00 4 480 AAA 4 480 1 024 06/21/2010 31331 XAK8 3430 Federal Farm Credit Bank 10/16/2006 2 000 000 00 2001 26000 2 000 000 00 5 250 AAA 5 250 958 04/16/2010 31331XHPO 3452 Federal Farm Credit Bank 12/14/2006 2 000 000 00 2 000 000 00 2 000 000 00 5 250 AAA 5 250 1 200 12/14/2010 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2 000 000 00 2 007 500 00 1 996 673 44 5 050 AAA 5 150 646 06/08/2009 31331XE57 3542 Federal Farm Credit Bank 06/18/2007 2 000 000 00 2 013 760 00 2 000 000 00 5 850 AAA 5 850 1 752 06/18/2012 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2 000 000 00 1 974 380 00 2 000 000 00 3 020 AAA 3 020 219 04/07/2008 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2 000 000 00 1 970 620 00 2 000 000 00 3 320 AAA 3 320 331 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2 000 000 00 1 963 120 00 2 000 000 00 2 900 AAA 2 900 332 07/29/2008 3133X1 CF2 3178 Federal Home Loan Bank 09/29/2003 1 850 000 00 1 832 073 50 1 850 000 00 4 000 AAA 4 000 394 09/29/2008 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2 000 000 00 1 997 500 00 2 000 000 00 3 260 AAA 3 260 27 09/28/2007 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 27 09/28/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2 000 000 00 2 008 760 00 2 000 000 00 5 500 AAA 5 500 1 161 11/05/2010 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2 000 000 00 2 015 620 00 2 000 000 00 5 700 AAA 5 700 1 454 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2 000 000 00 2 010 620 00 2 000 000 00 5 430 AAA 5 430 1 482 09/22/2011 3133XGY01 3424 Federal Home Loan Bank 09/15/2006 2 000 000 00 2 016 880 00 2 000 000 00 5 300 AAA 5 300 1 475 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2 000 000 00 2 008 760 00 2 000 000 00 5 250 AAA 5 250 794 11/03/2009 3133XHV41 3442 Federal Home Loan Bank 11/21/2006 2 000 000 00 1 998 760 00 2 000 000 00 5200 AAA 5200 81 11/21/2007 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2 000 000 00 2 003 760 00 2 000 000 00 5 150 AAA 5 150 1 049 07/16/2010 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2 000 000 00 2011 26000 2 000 000 00 5 300 AAA 5 300 1 441 08/12/2011 3133XKC37 3504 Federal Home Loan Bank 03/23/2007 2 000 000 00 2 000 000 00 2 000 000 00 5 250 AAA 5 250 3 09/04/2007 3133XKM51 3525 Federal Home Loan Bank 05/02/2007 2 000 000 00 2 000 000 00 2 000 000 00 5 250 AAA 5 250 62 11/02/2007 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2 000 000 00 2021 88000 2 000 000 00 5 550 AAA 5 550 1 746 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2 000 000 00 2 018 120 00 1 996 513 89 5 350 AAA 5 419 1 018 06/15/2010 3133XLEL3 3541 Federal Home Loan Bank 06/25/2007 2 000 000 00 2 000 620 00 2 000 000 00 5 400 AAA 5 400 298 06/25/2008 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2 000 000 00 2 040 000 00 2 000 000 00 5 600 AAA 5 600 1 784 07/20/2012 3128X1 RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2 000 000 00 1 965 320 00 2 000 000 00 3 000 AAA 3 000 325 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2 000 000 00 1 982 840 00 2 000 000 00 3 000 AAA 3 000 144 01/23/2008 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2 000 000 00 1 979 460 00 2 000 000 00 3 560 AAA 3 560 237 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2 000 000 00 1 974 640 00 2 000 000 00 4 125 AAA 4 125 809 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2 000 000 00 1 978 480 00 2 000 000 00 3 600 AAA 3 600 264 05/22/2008 Portfolio CITY AP Run Date 09/11/2007 08 43 PM(PRF_PM2)SymRept 6 41 202 Report Ver 5 00 City of HB Portfolio Management Page 3 Portfolio Details - Investments August 31, 2007 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 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2 000 000 00 2 007 300 00 1 998 361 11 5 250 AAA 5 273 1 496 10/06/2011 3128X5QK7 3446 Federal Home Loan Mort Corp 11/28/2006 2 000 000 00 2 003 020 00 2 000 000 00 5 500 AAA 5 500 1 549 11/28/2011 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2 000 000 00 2001 44000 2 000 000 00 5 050 AAA 5 050 839 12/18/2009 3128X5TD0 3460 Federal Home Loan Mort Corp 12/26/2006 2 000 000 00 1 999 820 00 2 000 000 00 5 100 AAA 5 100 482 12/26/2008 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2 000 000 00 2 006 740 00 2 000 000 00 5 250 AAA 5 250 1 580 12/29/2011 3128X5PT9 3468 Federal Home Loan Mort Corp 01/05/2007 2 000 000 00 2001 96000 1 999 845 60 5 250 AAA 5 251 811 11/20/2009 3128X5WH7 3486 Federal Home Loan Mort Corp 02/05/2007 2 000 000 00 2 004 680 00 1 998 232 24 5 550 AAA 5 572 1 591 01/09/2012 3136F5KW0 3223 Fed Nat I Mort Assoc 03/30/2004 2 000 000 00 1 963 760 00 2 000 000 00 3 610 AAA 3 610 576 03/30/2009 31359MSC8 3242 Fed Nat I Mort Assoc 06/04/2004 2 000 000 00 1 973 760 00 1 999 241 67 3 250 AAA 2052 277 06/04/2008 3136F6FY0 3259 Fed Nat Mort Assoc 09/29/2004 2 000 000 00 1 979 380 00 2 000 000 00 4 250 AAA 4 250 759 09/29/2009 3136F6MN6 3268 Fed Nat I Mort Assoc 11/23/2004 2 000 000 00 1 980 620 00 2 000 000 00 3 700 AAA 3 700 265 05/23/2008 3136F6PB9 3273 Fed Nat I Mort Assoc 11/19/2004 2 000 000 00 1 993 120 00 2 000 000 00 3 700 AAA 3 080 79 11/19/2007 3136F74N4 3433 Fed Nat I Mort Assoc 10/27/2006 2 000 000 00 2 010 000 00 2 000 000 00 5 375 AAA 5 375 1 517 10/27/2011 Subtotal and Average 100 128 308 89 96 850 000 00 96 618 803 50 96 838 197 02 4 573 753 Local Agency Investment Funds SYS982 982 Laif City 18 110 564 50 1811056450 18 110 564 50 5 253 NR 5 253 1 SYS2206 2206 LAIF Redevelopment Agency 20 757 272 19 20 757 272 19 20 757 272 19 5 253 NR 5 253 1 Subtotal and Average 34 742 030 24 38 867 836 69 38 867 836 69 38 867 836 69 5 253 1 Treasury Securities Coupon 912828ANO 3244 US Treasury Notes 06/10/2004 2 000 000 00 1 996 400 00 1 998 166 90 3 000 AAA 3 473 75 11/15/2007 912828ANO 3270 US Treasury Notes 11/15/2004 2 000 000 00 1 996 400 00 1 999 766 03 3 000 AAA 3 060 75 11/15/2007 912828FPO 3435 US Treasury Notes 10/25/2006 2 000 000 00 2 024 380 00 2001 08841 4 875 AAA 4 834 714 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2 000 000 00 2 007 180 00 1 994 142 84 4 625 AAA 4 909 395 09/30/2008 912828FV7 3473 US Treasury Notes 01/08/2007 2 000 000 00 2 012 960 00 2 001 608 76 4 875 AAA 4 795 426 10/31/2008 912828FM7 3476 US Treasury Notes 01/17/2007 2 000 000 00 2 009 680 00 2001 39539 5 000 AAA 4 883 334 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2 000 000 00 2 012 960 00 2 000 000 00 4 875 AAA 4 867 426 10/31/2008 Subtotal and Average 16 833 575 13 14 000 000 00 14 059 960 00 13 996 168 33 4 403 349 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2 000 000 00 1 965 840 00 1 951 34500 4200 Aaa 5 023 1 201 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2 000 000 00 1 982 160 00 1 985 861 79 4 400 Aa1 5 090 396 10/01/2008 Subtotal and Average 3 936 121 45 4 000 000 00 3 948 000 00 3 937 206 79 5 057 795 Portfolio CITY AP Run Date 09/11/2007 08 43 PM(PRF_PM2)SymRept 6 41 202 City of FIB Portfolio Management Page 4 Portfolio Details - Investments August 31, 2007 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody s 366 Maturity Date Commercial Paper Disc Amortizing 17307SXW7 3550 Citigroup Global 07/25/2007 2 000 000 00 1 983 300 00 1 982 824 44 5 240 P 1 5 389 59 10/30/2007 17307RAJ3 3551 Citigroup Global 07/27/2007 2 000 000 00 1 959 960 00 1 959 921 67 5 190 P 1 5 398 139 01/18/2008 17307SYD8 3552 Cittgroup Global 08/09/2007 2 000 000 00 1 979 200 00 1 978 586 67 5 280 131 5 430 73 11/13/2007 36959JY98 3544 General Electric Capital Corp 06/29/2007 2 000 000 00 1 980 380 00 1 980 124 17 5 185 P 1 5 360 69 11/09/2007 36959JXC2 3549 General Electric Capital Corp 07/25/2007 2 000 000 00 1 988 640 00 1 988 11000 5 220 P 1 5 354 41 10/12/2007 36959JYD9 3554 General Electric Capital Corp 08/13/2007 2 000 000 00 1 979 200 00 1 978 708 34 5 250 P 1 5 395 73 11/13/2007 61745BYT8 3555 Morgan Stanley Dean Witter 08/13/2007 2 000 000 00 1 975 040 00 1 973 320 00 5 520 Al P1 5 689 87 11/27/2007 61745AB16 3556 Morgan Stanley Dean Witter 08/15/2007 2 000 000 00 1 955 840 00 1 954 780 00 5 320 Al P1 5 533 153 02/01/2008 90262DX91 3536 UBS Finance Delaware LLC 06/06/2007 2 000 000 00 1 989 540 00 1 988 990 55 5 215 P 1 5 385 38 10/09/2007 90262DY66 3545 UBS Finance Delaware LLC 07/06/2007 2 000 000 00 1 981 28000 1 980 841 66 5 225 P 1 5 394 66 11/06/2007 90262DXQ3 3548 UBS Finance Delaware LLC 07/24/2007 2 000 000 00 1 985 080 00 1 984 571 11 5 240 P 1 5 385 53 10/24/2007 Subtotal and Average 21 368 680 70 22 000 000 00 21 757 460 00 21 750 778 61 5 428 77 Federal Agency Disc Amortizing 313396LV3 3509 Federal Home Loan Mort Corp 04/09/2007 2 000 000 00 1 996 400 00 1 995 511 11 5 050 AAA 5 238 16 09/17/2007 313396LP6 3514 Federal Home Loan Mort Corp 04/19/2007 2 000 000 00 1 998 200 00 1 997 183 33 5 070 AAA 5 248 10 09/11/2007 313396MC4 3524 Federal Home Loan Mort Corp 04/30/2007 2 000 000 00 1 994 600 00 1 993 547 22 5 050 AAA 5 228 23 09/24/2007 313396MM2 3530 Federal Home Loan Mort Corp 05/09/2007 2 000 000 00 1 992 200 00 1 991 004 45 5 060 AAA 5 239 32 10/03/2007 313396NG4 3532 Federal Home Loan Mort Corp 05/17/2007 2 000 000 00 1 987 000 00 1 985 649 17 5 065 AAA 5 252 51 10/22/2007 313588ME2 3512 Fed Nat I Mort Assoc 04/13/2007 2 000 000 00 1 994 000 00 1 992 958 33 5 070 AAA 5 263 25 09/26/2007 313588NL5 3534 Fed Nat I Mort Assoc 05/31/2007 2 000 000 00 1 986 000 00 1 984 447 22 5 090 AAA 5 271 55 10/26/2007 313588MP7 3553 Fed Nat I Mort Assoc 08/10/2007 2 000 000 00 1 991 60000 1 990 310 00 5 130 AAA 5 243 34 10/05/2007 Subtotal and Average 15 708 069 57 16 000 000 00 15 940 000 00 15 930 610 83 5 248 31 Treasury Discounts Amortizing 912795ZZ7 3501 United States Treasury Bills 03/20/2007 2 000 000 00 1 998 060 00 1 996 726 64 4 910 AAA 5 101 12 09/13/2007 912795ZYO 3508 United States Treasury Bills 04/03/2007 2 000 000 00 1 999 560 00 1 998 647 24 4 870 AAA 5 044 5 09/06/2007 912795A35 3510 United States Treasury Bills 04/10/2007 2 000 000 00 1 994 980 00 1 992 965 62 4 870 AAA 5 054 26 09/27/2007 912795A43 3511 United States Treasury Bills 04/10/2007 2 000 000 00 1 993 380 00 1 991 05333 4 880 AAA 5 069 33 10/04/2007 912795A27 3522 United States Treasury Bills 04/20/2007 2 000 000 00 1 996 420 00 1 994 901 79 4 830 AAA 5 000 19 09/20/2007 912795A43 3523 United States Treasury Bills 04/30/2007 2 000 000 00 1 993 380 00 1 991 181 67 4 810 AAA 4 981 33 10/04/2007 912795A50 3526 United States Treasury Bills 05/01/2007 2 000 000 00 1 992 000 00 1 989 333 50 4 800 AAA 4 975 40 10/11/2007 912795A68 3527 United States Treasury Bills 05/01/2007 2 000 000 00 1 990 460 00 1 987 466 48 4 800 AAA 4 980 47 10/18/2007 912795B26 3533 United States Treasury Bills 05/17/2007 2 000 000 00 1 984 620 00 1 980 437 36 4 695 AAA 4 876 75 11/15/2007 912795642 3535 United States Treasury Bills 06/07/2007 2 000 000 00 1 981 18000 1 976 662 22 4 720 AAA 4 898 89 11/29/2007 912795659 3547 United States Treasury Bills 07/13/2007 2 000 000 00 1 982 340 00 1 974 293 33 4 820 AAA 4 984 96 12/06/2007 Portfolio CITY AP Run Date 09/11/2007 08 43 PM(PRF_PM2)SymRept 6 41 202 City of HB Portfolio Management Page 5 Portfolio Details - Investments August 31, 2007 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody s 365 Maturity Subtotal and Average 26 661 472 88 22 000 000 00 21 906 380 00 21 873 669 18 4 997 43 Total and Average 219 378 158 87 213 717 836 69 213 098"0 19 213 194 467 45 4 876 394 Portfolio CITY AP Run Date 09/11/2007 0843 PM(PRF_PM2)SymRept 6 41 202 City of I-113 Portfolio Management Page 6 Portfolio Details - Cash August 31, 2007 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody s 365 Maturity Average Balance 000 Accrued Interest at Purchase 71 35981 71 35981 0 Subtotal 71 35981 71 35981 Total Cash and Investmentss 219 378 158 87 213 717 836 69 213 169 800 00 213 265 827 26 4 876 394 Portfolio CITY AP Run Date 09/11/2007 08 43 PM(PRF_PM2)SymRept 6 41 202 City of HB Portfolio Management Activity BY Type e Page 7 August 1, 2007 through August 31, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues Coupon 3133XHWH1 3443 Federal Home Loan Bank 5 150 08/24/2007 000 2 000 000 00 3133XJSG4 3483 Federal Home Loan Bank 5200 08/29/2007 000 2 000 000 00 Subtotal 000 4 000 000 00 96 838 197 02 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 5 253 15 900 000 00 8 000 000 00 Subtotal 15 900 000 00 8 000 000 00 38 867 836 69 Treasury Securities Coupon 912828CR9 3271 US Treasury Notes 2 750 08/15/2007 000 2 000 000 00 912828EF3 3470 US Treasury Notes 4 000 08/31/2007 000 2 000 000 00 Subtotal 000 4 000 000 00 13 996 168 33 Medium Tenn Notes Subtotal 3 937 206 79 Commercial Paper Disc Amortizing 17307SVE9 3515 Citigroup Global 5 230 08/14/2007 000 2 000 000 00 17307SYD8 3552 Citigroup Global 5 280 08/09/2007 1 971 84000 000 36959JYD9 3554 General Electric Capital Corp 5 250 08/13/2007 1 973 166 67 000 24422MVA6 3492 John Deere Capital 5200 08/10/2007 000 2 000 000 00 61745BV38 3528 Morgan Stanley Dean Witter 5 230 08/03/2007 000 2 000 000 00 61745BVH7 3529 Morgan Stanley Dean Witter 5 220 08/17/2007 000 2 000 000 00 61745BYT8 3555 Morgan Stanley Dean Witter 5 520 08/13/2007 1 967 493 33 000 61745AB16 3556 Morgan Stanley Dean Witter 5 320 08/15/2007 1 949 755 56 000 Subtotal 7 862 255 56 8 000 000 00 21 750 778 61 Federal Agency Disc Amortizing 313588KC8 3518 Fed Nat I Mort Assoc 5 080 08/07/2007 000 2 000 000 00 313588MP7 3553 Fed Nat I Mort Assoc 5 130 08/10/2007 1 984 040 00 000 Subtotal 1 984 040 00 2 000 000 00 15 930 610 83 Treasury Discounts Amortizing 912795ZT1 3485 United States Treasury Bills 4 950 08/02/2007 000 2 000 000 00 912795ZU8 3488 United States Treasury Bills 4 940 08/09/2007 000 2 000 000 00 Portfolio CITY AP Run Date 09/11/2007 08 43 PM(PRF_PM3)SyrnRept 6 41 202 Report Ver 5 00 City of HB Portfolio Management Page 8 Y Type ActivityB T e August 1, 2007 through August 31, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Treasury Discounts Amortizing 912795ZW4 3495 United States Treasury Bills 4 945 08/23/2007 000 2 000 000 00 912795ZV6 3496 United States Treasury Bills 4 940 08/16/2007 000 2 000 000 00 912795ZX2 3521 United States Treasury Bills 4 825 08/30/2007 000 2 000 000 00 Subtotal 000 10 000 000 00 21 873 669 18 Total 25 746 295 56 36 000 000 00 213 194 467 45 Portfolio CITY AP Run Date 09/11/2007 08 43 PM(PRF_PM3)SymRept 6 41 202 City of HB Portfolio Management Page 9 Activity Summary August 2006 through August 2007 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 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 4 571 4 634 5 129 21 14 727 387 January 2007 95 219 934 932 02 4 609 4 673 5 156 17 11 722 401 February 2007 94 219 391 301 54 4 678 4 743 5 181 12 13 737 429 March 2007 91 215 541 134 27 4 702 4 767 5 214 11 14 729 417 April 2007 100 222 964 352 01 4 758 4 825 5 222 17 8 667 371 May 2007 105 242 517 495 45 4 801 4 867 5 248 10 5 634 342 June 2007 105 243 107 792 06 4 803 4 870 5 250 10 10 679 368 July 2007 99 234 531 828 66 4 792 4 859 5 255 7 13 740 398 August 2007 90 219 378 158 87 4 809 4 876 5 253 5 14 749 394 Average 92 215 649 487 52 4 613% 4 677% 5 160 11 11 712 371 Portfolio CITY AP Run Date 09/11/2007 08 43 PM(PRF_PM4)SyrnRept 6 41 202 Report Ver 5 00 City of HB Portfolio Management Page 10 Distribution of Investments By Type August 2006 through August 2007 August September October November December January February March April May June July August Average Security Type 2006 2006 2006 2006 2006 2007 2007 2007 2007 2007 2007 2007 2007 by Period Repurchase Agreements Certificates of Deposit Commercial Paper Interest Bearing Federal Agency Issues Coupon 51 1 507 554 577 504 474 454 450 397 381 421 452 454 47 2% Local Agency Investment Funds 17 5 194 182 200 179 179 167 182 17 1 164 164 139 182 17 5% Treasury Securities Coupon 101 102 11 3 91 86 107 101 93 86 74 74 81 66 9 0% Medium Term Notes 10 09 1 8 1 8 18 1 7 16 16 1 8 1 9 1 2% Negotiable CDs Certificates of Deposit Bank Mortgage Backed Securities Bankers-Acceptances Amortizing __ ____ _ _ ___ _ Commercial Paper Disc Amortizing 152 147 120 91 184 161 171 166 153 147 98 98 102 13 8% Federal Agency Disc Amortizing 1 0 20 1 0 1 0 28 27 1 8 09 59 81 81 71 75 3 8% Treasury Discounts Amortizing 5130 21 20 1 0 35 72 82 11 8 138 146 142 103 7 4°/ Miscellaneous Discounts Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date 09/11/2007 08 43 PM(PRF_PM5)SyrnRept 6 41 202 Report Ver 5 00 State of California Pooled Money Investment Account Market Valuation 8/31/2007 '*"Carryindgcst,P,1gsl li��dlId� description Accrued InterestPurch F �rValue' ,r�a Accrued nterestr United States Treasury Bills $ 1 953 062 638 80 $ 1 977 264 000 00 NA Notes $ $ $ Federal Agency SBA $ 619 387 334 13 $ 617 810 374 95 $ 5 765 169 38 MBS $ 1 250 299 293 64 $ 1 233 564 492 37 $ 5 904 449 39 Bonds $ 6 152 890 131 30 $ 6 159 015 934 85 $ 95 423 090 35 Floaters $ 644 862 433 82 $ 644 889 600 00 $ 3 961 51562 Discount Notes $ 7 372 547 881 26 $ 7 461 130 900 00 NA FHLMC PC $ 385 295 41 $ 397 967 97 $ 6 269 63 GNMA $ 203 072 78 $ 228 031 27 $ 2 017 01 Bankers Acceptances $ $ NA Bank Notes $ 1 000 000 000 00 $ 999 669 400 00 $ 15 828 597 23 CDs $ 9 965 086 176 76 $ 9 959 766 184 15 $ 110 114 629 16 Commercial Paper $ 9 313 452 466 08 $ 9 362 825 191 39 NA Corporate Floaters $ 119 024 753 95 $ 116 299 390 00 $ 811 74528 Bonds $ 255 065 509 13 $ 255 533 197 91 $ 2 677 884 97 Repurchase Agreements $ NA Reverse Repurchase $ (99 250 000 00) $ (99 250 000 00) $ (416 215 90) Time Deposits $ 8 869 495 000 00 $ 8 869 495 000 00 NA AB 55 &GF Loans $ 9 677 985 592 76 $ 9 677 985 592 76 NA TOTAL $ 57 094 497 579 82 $ 57 236 625 257 62 $ 240 079 152 12 Fair Value Including Accrued Interest $ 57 476 704 409 74 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 July 31 2007 Summary of investments by type Market Value Market Value Par Value Investment Type as of 6/30/07 as of 7/31/07 $5 716 284 Local Agency Investment Fund (LAIF) $5 710 459 $5 716 284 $0 Federal Agency Issues $0 $0 $8 236 983 Investment Agreements $8 236 508 $8 236 983 $6 764 307 Money Market Funds $2 637 906 $6 764 307 $0 US Treasury Securities $0 $0 $20 717 574 $16 584 873 $20 717 574 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 6/30/07 as of 7/31/07 $2 706 548 City of Huntington Beach 2004 Judgment Obligation Bonds(Property Tax Refunds) $2 534 421 $2 706 548 $2 324 277 City of Huntington Beach 2003 1 Community Facilities District(Huntington Center Bella Terra) $2 293 494 $2 324 277 $2 863 365 Redevelopment Agency of Huntington Beach 2002 Tax Allocation Refunding Bonds $1 649 767 $2 863 365 $516 176 Huntington Beach Community Facilities District No 2002 1 (McDonnell Centre Business Park) $509 658 $516 176 $2 043 714 Huntington Beach PFA 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2 043 501 $2 043 714 $4 847 054 Huntington Beach PFA 2001 Series B (1993 Civic Center&Police Administration Bldg Refinance) $2 698 142 $4 847 054 $1 315 274 City of Huntington Beach 2001 Community Facilities District(Grand Coast Hyatt) $1 310 244 $1 315 274 $176 938 City of Huntington Beach 90 1 Community Facilities District Special Tax Refunding $174 666 $176 938 $1 642 549 Huntington Beach PFA 2000 Series A(Water System Impv Beach Mnt Facility Energy Retrofit SB Phase 1) $1 641 333 $1 642 549 $1 318 178 Redevelopment Agency of Huntington Beach 1999 Tax Allocation Refunding Bonds $768 571 $1 318 178 $818 259 Huntington Beach Public Finance Authority Lease Revenue Bonds 1997 Public Facilities Project $817 061 $818 259 $145 242 City of Huntington Beach Multi Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $144 015 $145 242 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $20 717 574 $16 584 873 $20 717 574 ATTAC H M E N T #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2007 Beginning Balance Contributions Distributions/ Earnings Other Ending (3-31-07) Transfers (change in value) Balance (06-30-07) ICMA Retirement Corporation (457 Plan) $24 695 232 $822 890 ($738 014) $1 053 514 ($100) $25 833 522 ICMA Retirement Corporation (401 Plan) $766 785 $30 540 $0 $31 490 $0 $828 815 Nationwide Retirement Solutions (457 Plan) $55 064 409 $855 621 ($1 537 246) $2 050 858 ($448) $56 433 194 Total Deferred Compensation Plan Balances $80 526 426 $1 709 051 ($2 275 260) $3 135 862 ($548) $83 095 531 ATTACHMENT #4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA August Treasurer' s Report FFB II 1909 P � Shari L . Freidenrich , CPA, CCMT, CPFA October 15, 2007 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Financial Information July August Inc /(Dec ) End of Month City Portfolio $223 164 $213 194 ($9 970) End of Month Market Value $222 569 $213 098 ($9 471 ) Interest Earned for Month $0 961 $0 899 ($0 062) Earned Interest Yield Year to Date 4 72% 4 73% 0 01 % Average Maturity ( in days) 398 394 (4) YTD Average Daily Balance $218 263 $218 527 $0 264 Summary by Type August % of Total Policy Limit Days to Mat Rate Federal Agy - Coupon $96 838 45% None 753 4 57% LAIF (State Pool) $38 868 18% $40 million 1 5 25% U S Treasury Notes $13 996 7% None 349 4 40% Medium Term Notes $3 937 2% 20% 795 5 06% Discount Comm Paper $21 751 10% 25% 77 5 43% Discount Federal Agy $15 930 8% None 31 5 25% Discount Treasury Note $21 874 10% None 43 5 00% Total $213 194 100% 394 4 88% RCA ROUTING SHEET INITIATING DEPARTMENT City Treasurer SUBJECT August 2007 Investment Summary Report COUNCIL MEETING DATE October 15 2007 RCA ATTACHMENTS STATUS 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 Attome ) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5 000) 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 Ap Iicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff Deputy City Administrator Initial City Administrator (Initial) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM (Beiow SpaceFor Only) RCA Author SLF iCT Council/Agency Meeting Held: o"j00� Deferred/Continued to: )4Appr ved ❑ C ditio ally rove ❑ Denied y Cle S Si tune Council Meeting Date: 9/17/2007 Department ID Number: CT07-13 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JULY 2007 INVESTMENT SUMMARY REPORT EmeIssue,nt of Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for July 2007, 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 July 2007, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 9/17/2007 DEPARTMENT ID NUMBER: CT07-13 Analysis: Not Applicable. Strategic Plan Goal: Not Applicable - Administrative Action Environmental Status: Not Applicable. Attachment(s): NumberCity Clerk's Page . Description 1. Monthly Investment Report and Summary of Investments for July 2007 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. July 2007 PowerPoint Presentation -2- 8/29/2007 4:45 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for July 2007 City Investment Portfolio: June July Inc./(Dec.) End of month City Portfolio Balance $244,032,525 $223,164,193 ($20,868,332) End of month General Fund Balance $55,206,878 $38,905,887 ($16,300,991) Monthly Effective Rate of Return 4.89% 4.82% -0.07% Average Maturity( in days) 368 398 30 End of Month Market Value $243,136,920 $222,568,881 ($20,568,039) End of month bank cash balance $3,564,131 $2,858,036 ($706,095) Bond Proceeds Investments:* May June Inc./(Dec.) End of Month Bond Reserve Par Value $21,596,708 $16,538,178 ($5,058,530) End of Month Bond Reserve Market Value $21,596,708 $16,538,178 ($5,058,530) Deferred Compensation Investments:** March June Inc./(Dec.) Participant Balances $79,410,954 $83,095,531 $3,684,577 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $450,000 $960,656 $510,656 Interest Earned Year to Date $4,500,000 $8,580,769 $4,080,769 Earned Interest Yield Year to Date 4.25% 4.72% 0.47% *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. July %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $100,837,747 45% None 754 4.60% Local Agency Inv. Fund (LAIF) $30,967,837 14% $40 million 1 5.26% Treasury Securities-Coupon $17,993,301 8% None 301 4.32% Medium Term Notes $3,934,886 2% 20% 826 5.06% Commercial Paper Disc. -Amortizing $21,790,898 10% 25% 65 5.38% Federal Agency Disc. -Amortizing $15,877,546 7% None 54 5.25% Treasury Discounts-Amortizing $31,761,978 14% None 56 5.03% $223,164,193 100% 398 4.86% tt-- NT I NGTO�/ F9 City of Huntington Beach City of FIB 2000 Main St r- Huntington Beach Portfolio Management g Portfolio Summary TV CP July 31, 2007 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 100,850,000.00 100,252,364.00 100,837,746.53 45.19 1,351 754 4,534 4.597 Local Agency Investment Funds 30,967,836.69 30,967,836.69 30,967,836.69 13.88 1 1 5.183 5.255 Treasury Securities-Coupon 18,000,000.00 17,991,880.00 17,993,300.71 8.06 800 301 4.260 4.319 Medium Term Notes 4,000,000.00 3,926,480.00 3,934,886.42 1.76 1,057 826 4.988 5.057 Commercial Paper Disc.-Amortizing 22,000,000.00 21,791,360.00 21,790,898.34 9.76 119 65 5.310 5.383 Federal Agency Disc.-Amortizing 16,000,000.00 15,876,400.00 15,877,546.12 7.11 148 54 5.174 5.246 Treasury Discounts-Amortizing 32,000,000.00 31,762,560.00 31,761,978.26 14.23 167 56 4.963 5.031 223,817,836.69 222,568,880.69 223,164,193.07 100.00% 740 398 4.792 4.859 Investments Cash and Accrued Interest Accrued Interest at Purchase 99,426.11 99,426.11 Subtotal 99,426.11 99,426.11 Total Cash and Investments 223,817,836.69 222,668,306.80 223,263,619.18 740 398 4.792 4.859 Total Earnings July 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 960,656.42 8,580,768.89 Current Budget 450,000.00 4,500,000.00 5,400,000.00 Last Year Actual 763,704.00 6,289,198.00 7,728,428.00 Average Daily Balance 234,531,828.66 218,262,570.72 Effective Rate of Return 4.82% 4.72% 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. 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. L.FREID NRICH,CITY TREASURER Reporting period 07/01/2007-07/31/2007 Portfolio CITY AP Run Date:08/06/2007-10:23 PM(PRF_PM1)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments July 31, 2007 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 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 988,130.00 1,000,000.00 3.500 AAA 3.500 258 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,976,260.00 2,000,000.00 4.000 AAA 4.000 454 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,974,380.00 2,000,000.00 4.000 AAA 4.000 502 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,991,880.00 2,000,000.00 3.700 AAA 3.700 93 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,984,380.00 1,999,295.69 4.620 AAA 4.642 642 05/04/2009 31331SXV0 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,985,000.00 2,000,000.00 4.450 AAA 4.450 481 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,966,880.00 2,000,000.00 4.480 AAA 4.480 1,055 06/21/2010 31331XAK8 3430 Federal Farm Credit Bank 10/16/2006 2,000,000.00 1,998,120.00 2,000,000.00 5.250 AAA 5.250 989 04/16/2010 31331XHPO 3452 Federal Farm Credit Bank 12/14/2006 2,000,000.00 1,990,000.00 2,000,000.00 5.250 AAA 5.250 1,231 12/14/2010 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,003,760.00 1,996,516.78 5.050 AAA 5.150 677 06/08/2009 31331XE57 3542 Federal Farm Credit Bank 06/18/2007 2,000,000.00 2,001,260.00 2,000,000.00 5.850 AAA 5.850 1,783 06/18/2012 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,970,620.00 2,000,000.00 3.020 AAA 3.020 250 04/07/2008 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,966,260.00 2,000,000.00 3.320 AAA 3.320 362 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000,00 1,958,120.00 2,000,000.00 2.900 AAA 2.900 363 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,828,614.00 1,850,000.00 4.000 AAA 4.000 425 09/29/2008 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,993,120.00 2,000,000.00 3.260 AAA 3.260 58 09/28/2007 3133XEXUB 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 58 09/28/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 1,998,760.00 2,000,000.00 _ 5.500 AAA 5.500 1,192 11/05/2010 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,001,880.00 2,000,000.00 5.700 AAA 5.700 1,485 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 1,996,260.00 2,000,000.00 5.430 AAA 5.430 1,513 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,000,620.00 2,000,000.00 5.300 AAA 5.300 1,506 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 1,998,120.00 2,000,000.00 5.250 AAA 5.250 825 11/03/2009 3133XHV41 3442 Federal Home Loan Bank 11/21/2006 2,000,000.00 1,998,120.00 2,000,000.00 5.200 AAA 5.200 112 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 23 08/24/2007 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2,000,000,00 1,991,880.00 2,000,000.00 5.150 AAA 5.150 1,080 07/16/2010 3133XJSG4 3483 Federal Home Loan Bank 01/29/2007 2,000,000.00 1,999,380.00 2,000,000.00 5.200 AAA 5.200 28 08/29/2007 3133XJV88 3487 Federal Home Loan Bank 02N2/2007 2,000,000,00 1,995,000.00 2,000,000.00 5.300 AAA 5.300 1,472 08/12/2011 3133XKC37 3504 Federal Home Loan Bank 03/23/2007 2,000,000.00 2,000,000.00 2,000,000.00 5.250 AAA 5.250 34 09/04/2007 3133XKM51 3525 Federal Home Loan Bank 05/02/2007 2,000,000.00 1,999,380.00 2,000,000.00 5.250 AAA 5.260 93 11/02/2007 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,007,500.00 2,000,000.00 5.550 AAA 5.550 1,777 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,008,120.00 1,996,409.72 5.350 AAA 5.419 1,049 06/15/2010 3133XLEL3 3541 Federal Home Loan Bank 06/25/2007 2,000,000.00 2,000,000.00 2,000,000.00 5.400 AAA 5.400 329 06/25/2008 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000,00 2,020,620.00 2,000,000.00 5.600 AAA 5.600 1,815 07/20/2012 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,960,920.00 2,000,000.00 3.000 AAA 3.000 356 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,978,380.00 2,000,000.00 3.000 AAA 3.000 175 01/23/2008 3128X31391 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,976,480.00 2,000,000.00 3.560 AAA 3.560 268 04/25/2008 Portfolio CITY AP Run Date:08/06/2007-10:23 PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments July 31, 2007 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 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,964,120.00 2,000,000.00 4.125 AAA 4.125 840 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,975,320.00 2,000,000.00 3.600 AAA 3.600 295 05/22/2008 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 1,987,140.00 1,998,327.78 5.250 AAA 5.273 1,527 10/06/2011 3128X5QK7 3446 Federal Home Loan Mort Corp 11/28/2006 2,000,000.00 1,993,380.00 2,000,000.00 5.500 AAA 5.500 1,580 11/28/2011 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2,000,000.00 1,991,240.00 2,000,000.00 5.050 AAA 5.050 870 12/18/2009 3128X5TD0 3460 Federal Home Loan Mort Corp 12/26/2006 2,000,000.00 1,998,260.00 2,000,000.00 5.100 AAA 5.100 513 12/26/2008 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 1,984,840.00 2,000,000.00 5.250 AAA 5.250 1,611 12/29/2011 3128X5PT9 3468 Federal Home Loan Mort Corp 01/05/2007 2,000,000.00 1,998,020.00 1,999,839.81 5.250 AAA 5.251 842 11/20/2009 3128X5WH7 3486 Federal Home Loan Mort Corp 02/05/2007 2,000,000.00 1,995,560.00 1,998,198.42 5.550 AAA 5.572 1,622 01/09/2012 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,958,120.00 2,000,000.00 3.610 AAA 3.610 607 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,968,760.00 1,999,158.33 3.250 AAA 2.052 308 06/04/2008 3136F6FY0 3259 Fed.Nat'I Mort.Assoc. 09/29/2004 2,000,000.00 1,968,760.00 2,000,000.00 4.250 AAA 4.250 790 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,976,880.00 2,000,000.00 3.700 AAA 3.700 296 05/23/2008 3136F6PI39 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,990,620.00 2,000,000.00 3.700 AAA 3.080 110 11/19/2007 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 10/27/2006 2,000,000.00 1,994,380.00 2,000,000.00 5.375 AAA 5.375 1,548 10/27/2011 Subtotal and Average 101,740,761.62 100,850,000.00 100,252,364.00 100,837,746.63 4.597 764 Local Agency Investment Funds SYS982 982 Laif City 10,210,564.50 10,210,564.50 10,210,564.50 5.255 NR 5.255 1 SYS2206 2206 LAIF-Redevelopment Agency 20,757,272.19 20,757,272.19 20,757,272.19 5.255 NR 5.255 1 Subtotal and Average 36,047,294.57 30,967,836.69 30,967,836.69 30,967,836.69 5.255 1 Treasury Securities-Coupon 912828ANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,988,760.00 1,997,409.22 3,000 AAA 3.473 106 11/15/2007 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,988,760.00 1,999,669.32 3.000 AAA 3.060 106 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,997,820.00 1,999,787.33 2.750 AAA 3.034 14 08/15/2007 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,011,560.00 2,001,135.67 4.875 AAA 4.834 745 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 1,997,340.00 1,993,683.16 4.625 AAA 4.909 426 09/30/2008 912828EF3 3470 US Treasury Notes 01/05/2007 2,000,000.00 1,998,120.00 1,998,365.28 4.000 AAA 5.019 30 08/31/2007 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 2,003,120.00 2,001,725.83 4.875 AAA 4.795 457 10/31/2008 912828FM7 3476 US Treasury Notes 01/17/2007 2,000,000.00 2,003,280.00 2,001,524.90 5.000 AAA 4.883 365 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 2,003,120.00 2,000,000.00 4.875 AAA 4.867 457 10/31/2008 Subtotal and Average 17,991,761.83 18,000,000.00 17,991,880.00 17,993,300.71 4.319 301 Portfolio CITY AP Run Date:08/06/2007-10:23 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 4 Portfolio Details - Investments July 31, 2007 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 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 1,944,860.00 1,950,112.19 4.200 Aaa 5.023 1,232 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 1,981,620.00 1,984,774.23 4.400 Aa1 5.090 427 10/01/2008 Subtotal and Average 3,933,801.09 4,000,000.00 3,926,480.00 3,934,886.42 5.057 826 Commercial Paper Disc.-Amortizing 17307SVE9 3515 Citigroup Global 04/19/2007 2,000,000.00 1,996,200.00 1,996,222.78 5.230 P-1 5.394 13 08/14/2007 17307SXW7 3550 Citigroup Global 07/25/2007 2,000,000.00 1,973,860.00 1,973,800.00 5.240 P-1 5.389 90 10/30/2007 17307RAJ3 3551 Citigroup Global 07/27/2007 2,000,000.00 1,951,460.00 1,950,983.34 5.190 P-1 5.398 170 01/18/2008 36959JY98 3544 General Electric Capital Corp 06/29/2007 2,000,000.00 1,971,120.00 1,971,194.44 5.185 P-1 5.360 100 11/09/2007 36959JXC2 3549 General Electric Capital Corp 07/25/2007 2,000,000.00 1,979,080.00 1,979,120.00 5.220 P-1 5.354 72 10/12/2007 24422MVA6 3492 John Deere Capital 02/21/2007 2,000,000.00 1,997,360.00 1,997,400.00 5.200 P-1 5.405 9 08/10/2007 61745BV38 3528 Morgan Stanley Dean Witter 05/01/2007 2,000,000.00 1,999,420.00 1,999,418.89 5.230 A1P1 5.376 2 08/03/2007 61745BVH7 3529 Morgan Stanley Dean Witter 05/01/2007 2,000,000.00 1,995,320.00 1,995,360.00 5.220 A1P1 5.377 16 08/17/2007 90262DX91 3536 UBS Finance Delaware LLC 06/06/2007 2,000,000.00 1,979,960.00 1,980,009.17 5.215 P-1 5.385 69 10/09/2007 90262DY66 3545 UBS Finance Delaware LLC 07/06/2007 2,000,000.00 1,971,980.00 1,971,843.05 5.225 P-1 5.394 97 11/06/2007 90262DXQ3 3548 UBS Finance Delaware LLC 07/24/2007 2,000,000.00 1,975,600.00 1,975,546.67 5.240 P-1 5.385 84 10/24/2007 Subtotal and Average 21,980,378.76 22,000,000.00 21,791,360.00 21,790,898.34 5.383 65 Federal Agency Disc.-Amortizing 313396LV3 3509 Federal Home Loan Mort Corp 04/09/2007 2,000,000.00 1,986,600.00 1,986,813.89 5.050 AAA 5.238 47 09/17/2007 313396LP6 3514 Federal Home Loan Mort Corp 04/19/2007 2,000,000.00 1,988,400.00 1,988,451.67 5.070 AAA 5.248 41 09/11/2007 313396MC4 3524 Federal Home Loan Mort Corp 04/30/2007 2,000,000.00 1,984,600.00 1,984,850.00 5.050 AAA 5.228 54 09/24/2007 313396MM2 3530 Federal Home Loan Mort Corp 05/09/2007 2,000,000.00 1,982,200.00 1,982,290.00 5.060 AAA 5.239 63 10/03/2007 313396NG4 3532 Federal Home Loan Mort Corp 05/17/2007 2,000,000.00 1,976,800.00 1,976,926.11 5.065 AAA 5.252 82 10/22/2007 313588ME2 3512 Fed.Nat'l Mort.Assoc. 04/13/2007 2,000,000.00 1,984,000.00 1,984,226.67 5.070 AAA 5.263 56 09/26/2007 313588KC8 3518 Fed.Nat'l Mort.Assoc. 04/20/2007 2,000,000.00 1,998,200.00 1,998,306.67 5.080 AAA 5.231 6 08/07/2007 313588NL5 3534 Fed.Nat'l Mort.Assoc. 05/31/2007 2,000,000.00 1,975,600.00 1,975,681.11 5.090 AAA 5.271 86 10/26/2007 Subtotal and Average 18,870,827.15 16,000,000.00 15,876,400.00 15,877,546.12 5.246 54 Treasury Discounts-Amortizing 912795ZT1 3485 United States Treasury Bills 02/05/2007 2,000,000.00 1,999,740.00 1,999,725.00 4.950 AAA 5.145 1 08/02/2007 912795ZUB 3488 United States Treasury Bills 02/08/2007 2,000,000.00 1,997,820.00 1,997,804.48 4.940 AAA 5.137 8 08/09/2007 912795ZW4 3495 United States Treasury Bills 02/22/2007 2,000,000.00 1,993,980.00 1,993,956.11 4.945 AAA 5.142 22 08/23/2007 912795ZV6 3496 United States Treasury Bills 02/22/2007 2,000,000.00 1,995,920.00 1,995,883.33 4.940 AAA 5.132 15 08/16/2007 912795ZZ7 3501 United States Treasury Bills 03/20/2007 2,000,000.00 1,988,580.00 1,988,270.47 4.910 AAA 5.101 43 09/13/2007 912795ZYO 3508 United States Treasury Bills 04/03/2007 2,000,000.00 1,990,100.00 1,990,260.15 4.870 AAA 5.044 36 09/06/2007 Portfolio CITY AP Run Date:08/06/2007-10:23 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 5 Portfolio Details - Investments July 31, 2007 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 912795A35 3510 United States Treasury Bills 04/10/2007 2,000,000.00 1,984,840.00 1,984,578.48 4.870 AAA 5.054 57 09/27/2007 912795A43 3511 United States Treasury Bills 04/10/2007 2,000,000.00 1,982,980.00 1,982,648.89 4.880 AAA 5.069 64 10/04/2007 912795ZX2 3521 United States Treasury Bills 04/20/2007 2,000,000.00 1,992,020.00 1,992,226.24 4.825 AAA 4.980 29 08/30/2007 912795A27 3522 United States Treasury Bills 04/20/2007 2,000,000.00 1,986,720.00 1,986,583.66 4.830 AAA 5.000 50 09/20/2007 912795A43 3523 United States Treasury Bills 04/30/2007 2,000,000,00 1,982,980.00 1,982,897.78 4.810 AAA 4.981 64 10/04/2007 912795A50 3526 United States Treasury Bills 05/01/2007 2,000,000.00 1,981,160.00 1,981,066.96 4.800 AAA 4.975 71 10/11/2007 912795A68 3527 United States Treasury Bills 05/01/2007 2,000,000.00 1,979,300.00 1,979,199.69 4.800 AAA 4.980 78 10/18/2007 912795826 3533 United States Treasury Bills 05/17/2007 2,000,000.00 1,971,800.00 1,972,351.47 4.695 AAA 4.876 106 11/15/2007 912795B42 3535 United States Treasury Bills 06/07/2007 2,000,000.00 1,968,240.00 1,968,533.33 4.720 AAA 4.898 120 11/29/2007 912795B59 3547 United States Treasury Bills 07/13/2007 2,000,000.00 1,966,380.00 1,965,992.22 4.820 AAA 4.984 127 12/06/2007 Subtotal and Average 33,967,003.66 32,000,000.00 31,762,560.00 31,761,978.26 5.031 56 Total and Average 234,631,828.66 223,817,836.69 222,568,880.69 223,164,193.07 4.859 398 Portfolio CITY AP Run Date:08/06/2007-10:23 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 6 Portfolio Details -Cash July 31, 2007 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 99,426.11 99,426.11 0 Subtotal 99,426.11 99,426.11 Total Cash and Investmentss 234,531,828.66 223,817,836.69 222,668,306.80 223,263,619.18 4.859 398 Portfolio CITY AP Run Date:08/06/2007-10:23 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 7 Activity By Type July 1, 2007 through July 31, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331 VR32 3408 Federal Farm Credit Bank 5.500 07/19/2007 0.00 2,000,000.00 3133X5HE1 3222 Federal Home Loan Bank 2.800 07/16/2007 0.00 2,000,000.00 3133XLQ22 3546 Federal Home Loan Bank 5.600 07/20/2007 2,000,000.00 0.00 Subtotal 2,000,000.00 4,000,000.00 100,837,746.53 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 5.255 17,436,389.31 26,700,000.00 SYS2206 2206 LAIF-Redevelopment Agency 5.255 266,677.84 0.00 Subtotal 17,703,067.15 26,700,000.00 30,967,836.69 Treasury Securities-Coupon Subtotal 17,993,300.71 Medium Term Notes Subtotal 3,934,886.42 Commercial Paper Disc.-Amortizing 02581SUT6 3543 American Express 5.220 07/27/2007 0.00 2,000,000.00 17307SUL4 3481 Citigroup Global 5.200 07/20/2007 0.00 2,000,000.00 17307SUWO 3513 Citigroup Global 5.230 07/30/2007 0.00 2,000,000.00 17307SXW7 3550 Citigroup Global 5.240 07/25/2007 1,971,762.22 0.00 17307RAJ3 3551 Citigroup Global 5.190 07/27/2007 1,949,541.67 0.00 36959JU68 3489 General Electric Capital Corp 5.180 07/06/2007 0.00 2,000,000.00 36959JXC2 3549 General Electric Capital Corp 5.220 07/25/2007 1,977,090.00 0.00 24422MUG4 3531 John Deere Capital 5.230 07/16/2007 0.00 2,000,000.00 82619UUB8 3517 Siemens Capital 5.210 07/11/2007 0.00 2,000,000.00 90262DY66 3545 UBS Finance Delaware LLC 5.225 07/06/2007 1,964,295.83 0.00 90262DXQ3 3548 UBS Finance Delaware LLC 5.240 07/24/2007 1,973,217.78 0.00 Subtotal 9,835,907.50 12,000,000.00 21,790,898.34 Federal Agency Disc.-Amortizing 313588JV8 3507 Fed.Nat'l Mort.Assoc. 5.070 07/31/2007 0.00 2,000,000.00 313588JG1 3519 Fed.Nat'I Mort.Assoc. 5.110 07/18/2007 0.00 2,000,000.00 Subtotal 0.00 4,000,000.00 15,877,646.12 Portfolio CITY AP Run Date:08/06/2007-10:23 PM(PRF_PM3)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 8 Activity By Type July 1, 2007 through July 31, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Treasury Discounts-Amortizing 912795ZP9 3472 United States Treasury Bills 4.880 07/05/2007 0.00 2,000,000.00 912795ZR5 3478 United States Treasury Bills 4.935 07/19/2007 0.00 2,000,000.00 912795ZS3 3479 United States Treasury Bills 4.960 07/26/2007 0.00 2,000,000.00 912795B59 3547 United States Treasury Bills 4.820 07/13/2007 1,960,904.44 0.00 Subtotal 1,960,904.44 6,000,000.00 31,761,978.26 Total 31,499,879.09 52,700,000.00 223,164,193.07 Portfolio CITY AP Run Date:08/06/2007-10:23 PM(PRF_PM3)SymRept 6.41.202 City of HB Portfolio Management Page 9 Activity Summary July 2006 through July 2007 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 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 4.571 4.634 5.129 21 14 727 387 January 2007 95 219,934,932.02 4.609 4.673 5.156 17 11 722 401 February 2007 94 219,391,301.54 4.678 4.743 5.181 12 13 737 429 March 2007 91 215,541,134.27 4.702 4.767 5.214 11 14 729 417 April 2007 100 222,964,352.01 4.758 4.825 5.222 17 8 667 371 May 2007 105 242,517,495.45 4.801 4.867 5.248 10 5 634 342 June 2007 105 241,307,792.06 4.801 4.867 5.250 10 10 684 371 July 2007 99 234,531,828.66 4.792 4.859 5.255 7 13 740 398 Average 92 215,105,930.50 4.564% 4.627% 5.129 11 11 705 362 Portfolio CITY AP Run Date:08/06/2007-10:23 PM(PRF_PM4)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 10 Distribution of Investments By Type July 2006 through July 2007 July August September October November December January February March April May June July Average Security Type 2006 2006 2006 2006 2006 2006 2007 2007 2007 2007 2007 2007 2007 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 52.3 51.1 50.7 55.4 57.7 50.4 47.4 45.4 45.0 39.7 38.1 42.5 45.2 47.8% Local Agency Investment Funds 14.5 17.5 19.4 18.2 20.0 17.9 17.9 16.7 18.2 17.1 16.4 15.8 13.9 17.2% Treasury Securities-Coupon 10.8 10.1 10.2 11.3 9.1 8.6 10.7 10.1 9.3 8.6 7.4 7.4 8.1 9.4% Medium Term Notes 1.0 0.9 1.8 1.8 1.8 1.7 1.6 1.6 1.8 1.1% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 13.7 15.2 14.7 12.0 9.1 18.4 16.1 17.1 16.6 15.3 14.7 9.9 9.8 14.0% Federal Agency Disc.-Amortizing 2.9 1.0 2.0 1.0 1.0 2.8 2.7 1.8 0.9 5.9 8.1 8.2 7.1 3.5% Treasury Discounts-Amortizing 5.8 5.1 3.0 2.1 2.0 1.0 3.5 7.2 8.2 11.8 13.8 14.7 14.2 7.1% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:08/06/2007-10:23 PM(PRF_PM5)SyrnRept 6.41-202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 7/31/2007 pfflii ol United States Treasury: Bills $ 3,129,456,805.44 $ 3,160,772,000.00 NA Notes $ - $ - $ Federal Agency: SBA $ 627,502,821.51 $ 621,330,047.40 $ 5,840,326.37 MBS $ 852,276,465.75 $ 838,111,906.83 $ 3,952,377.86 Bonds $ 6,552,973,170.07 $ 6,554,173,616.90 $ 98,367,837.31 Floaters $ 644,862,433.82 $ 644,996,000.00 $ 2,021,533.33 Discount Notes $ 6,718,395,095.68 $ 6,769,299,400.00 NA FHLMC PC $ 429,566.90 $ 442,148.92 $ 6,984.32 GNMA $ 206,287.74 $ 229,780.92 $ 2,049.50 Bankers Acceptances $ - $ - NA Bank Notes $ 1,200,000,000.00 $ 1,199,815,722.00 $ 18,925,166.65 CDs $ 13,084,418,192.11 $ 13,081,708,793.03 $ 137,325,284.99 Commercial Paper $ 11,303,512,257.15 $ 11,370,993,013.89 NA Corporate: Floaters $ 119,024,753.95 $ 118,907,100.00 $ 949,159.31 Bonds $ 256,206,642.23 $ 255,228,518.94 $ 3,488,807.89 Repurchase Agreements $ - NA Reverse Repurchase $ (447,900,000.00) $ (447,900,000.00) $ (1,125,769.79) Time Deposits $ 8,698,495,000.00 $ 8,698,495,000.00 NA AB 55 &GF Loans $ 8,505,518,772.40 $ 8,505,518,772.40 NA TOTAL $ 61,245,378,264.75 $ 61,372,121,821.23 $ 269,753,757.74 Fair Value Including Accrued Interest $ 61,641,875,578.97 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 June 30,2007 Summary of investments by type Market Value Market Value Par Value Investment Type as of 5/31/07 as of 6/30/07 $5,710,459 Local Agency Investment Fund(LAIF) $5,710,460 $5,710,459 $0 Federal Agency Issues $0 $0 $8,236,508 Investment Agreements $8,189,825 $8,236,508 $2,637,906 Money Market Funds $2,696,423 $2,637,906 $0 US Treasury Securities $0 $0 $16,584,873 $16,596,708 $16,584,873 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 5/31/07 as of 6/30/07 $2,534,421 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,533,397 $2,534,421 $2,293,494 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,292,367 $2,293,494 $1,649,767 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,765 $1,649,767 $509,658 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $509,605 $509,658 $2,043,501 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,279 $2,043,501 $2,698,142 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,697,210 $2,698,142 $1,310,244 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,304,983 $1,310,244 $174,666 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,666 $174,666 $1,641,333 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,594,015 $1,641,333 $768,571 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $769,685 $768,571 $817,061 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $868,848 $817,061 $144,015 City of Huntington Beach- Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $158,267 $144,015 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $16,584,873 $16,596,087 $16,584,873 ATTAC H M E N T #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2007 Beginning Balance Contributions Distributions/ Earnings Other Ending (3-31-07) Transfers (change in value) Balance (06-30-07) ICMA Retirement Corporation (457 Plan) $24,695,232 $822,890 ($738,014) $1,053,514 ($100) $25,833,522 ICMA Retirement Corporation (401 Plan) $766,785 $30,540 $0 $31,490 $0 $828,815 Nationwide Retirement Solutions (457 Plan) $55,064,409 $855,621 ($1,537,246) $2,050,858 ($448) $56,433,194 Total Deferred Compensation Plan Balances $80,526,426 $1,709,051 ($2,275,260) $3,135,862 ($548) $83,095,531 ATTAC H M E N T #4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA July Report F. i r � f � Shari L . Freidenrich , CPA, CCMT , CPFA September 17, 2007 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Financial Information: June July Inc./(Dec.) End of Month City Portfolio $244.033 $223. 164 ($20.869) End of Month Market Value $243. 137 $222.569 ($20.568) Interest Earned for Month $0.977 $0.961 ($0.016) Earned Interest Yield Year to Date 4.70% 4.72% 0.02% Average Maturity ( in days) 368 398 30 YTD Average Daily Balance $216.613 $218.263 $1 .650 Summary by Type: July % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $100.838 45% None 754 4.60% LAI F (State Pool) $30.968 14% $40 million 1 5.26% U.S.Treasury Notes $17.993 8% None 301 4.32% Medium Term Notes $3.935 2% 20% 826 5.06% Discount Comm. Paper $21 .791 10% 25% 65 5.38% Discount Federal Agy $15.877 7% None 54 5.25% Discount Treasury Note $31 .762 14% None 56 5.03% Total $223. 164 100% 398 4.86% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: July 2007 Investment Summary Report COUNCIL MEETING DATE: September 17, 2007 RCA ATTFACHMENTS; STATUS o, 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 $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) Attached t Applicable ED Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXPLA, ° TI F I, TT. , . .. E' TS REVIEWS, ..;. RETURNED., FOR RDEp Administrative Staff ) Deputy City Administrator (Initial) ( ) ) City Administrator (Initial) ) ( ) City Clerk ( ) EXPLANATION FORAETURN OF ITEM: Only)(Below Space For City Clerk's Use RCA Author: SLF Council/Agency Meeting Held: Deferred/Continued to: Approved 7O❑ Conditionally Approved p Denied ltity Clerk's Signature Council Meeting Date: 8/6/2007 Department ID Number: CT07-12 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JUNE 2007 INVESTMENT SUMMARY REPORT Statement ofissue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for June 2007, 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 June 2007, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 8/6/2007 DEPARTMENT ID NUMBER: CT07-12 Analysis: Not Applicable. Strategic Plan Goal: Not Applicable - Administrative Action Environmental Status: Not Applicable. Attachment(s): Number.Page • Description 1. Monthly Investment Report and Summary of Investments for June 2007 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information ,. 4. June 2007 PowerPoint Presentation -2- 7/17/2007 10:40 AM ATTAC H M E N T # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for June 2007 City Investment Portfolio: May June Inc./(Dec.) End of month City Portfolio Balance $243,815,224 $244,032,525 $217,301 End of month General Fund Balance $56,150,788 $55,206,878 ($943,910) Monthly Effective Rate of Return 4.82% 4.89% 0.07% Average Maturity ( in days) 342 368 26 End of Month Market Value $242,876,374 $243,136,920 $260,546 End of month bank cash balance $4,467,464 $3,564,131 ($903,333) Bond Proceeds Investments:* April May Inc./(Dec.) End of Month Bond Reserve Par Value $21,597,830 $21,596,708 ($1,122) End of Month Bond Reserve Market Value $21,597,830 $21,596,708 ($1,122) Deferred Compensation Investments:** March June Inc./(Dec.) Participant Balances $80,526,426 $83,095,531 $2,569,105 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $450,000 $977,345 $527,345 Interest Earned Year to Date $4,050,000 $7,621,194 $3,571,194 Earned Interest Yield Year to Date 4.25% 4.70% 0.45% *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. May %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $102,837,296 42% None 734 4.56% Local Agency Inv. Fund (LAIF) $39,964,770 16% $40 million 1 5.25% Treasury Securities-Coupon $17,990,120 7% None 332 4.32% Medium Term Notes $3,932,566 2% 20% 857 5.06% Commercial Paper Disc. -Amortizing $23,855,587 10% 25% 41 5.37% Federal Agency Disc. -Amortizing $19,794,460 8% None 73 5.25% Treasury Discounts-Amortizing $35,657,726 15% None 71 5.05% $244,032,525 100% 368 4.87% WA� oNGT City of Huntington Beach = City of HB 2000 Main St Huntington Beach _< $ Portfolio Management Portfolio Summary �DUNTY CP June 30, 2007 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 102,850,000.00 101,994,650.00 102,837,296.03 42.14 1,319 734 4.498 4.560 Local Agency Investment Funds 39,964,769.54 39,964,769.54 39,964,769.54 16.38 1 1 5.178 5.250 Treasury Securities-Coupon 18,000,000.00 17,947,200.00 17,990,120.37 7.37 800 332 4.260 4.320 Medium Term Notes 4,000,000.00 3,899,620.00 3,932,566.06 1.61 1,057 857 4.988 5.057 Commercial Paper Disc.-Amortizing 24,000,000.00 23,858,360.00 23,855,587.51 9.78 114 41 5.300 5.374 Federal Agency Disc.-Amortizing 20,000,000.00 19,796,200.00 19,794,459.74 8.11 139 73 5.173 5.245 Treasury Discounts-Amortizing 36,000,000.00 35,676,120.00 35,657,725.98 14.61 171 71 4.980 5.049 244,814,769.54 243,136,919.54 244,032,525.23 100.00% 679 368 4.803 4.870 Investments Cash and Accrued Interest Accrued Interest at Purchase 107,442.78 107,442.78 Subtotal 107,442.78 107,442.78 Total Cash and Investments 244,814,769.54 243,244,362.32 244,139,968.01 679 368 4.803 4.870 Total Earnings June 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 976,674.59 7,620,112.47 Current Budget 450,000.00 4,050,000.00 5,400,000.00 Last Year Actual 765,868.00 5,525,494.00 7,728,428.00 Average Daily Balance 243,107,792.06 216,612,948.03 Effective Rate of Return 4.89% 4.70% 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, 0-7 SRARf L. FREIDENFIICH,CITY TREASURER Reporting period 06/01/2007-06/30/2007 Portfolio CITY AP Run Date:07/18/2007-12:27 PM(PRF_PM1)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments June 30, 2007 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 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 985,940.00 1,000,000.00 3.500 AAA 3.500 289 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,968,120.00 2.000,000.00 4.000 AAA 4.000 485 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,965,000.00 2,000,000.00 4.000 AAA 4.000 533 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,989,380.00 2,000,000.00 3.700 AAA 3.700 124 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,978,120.00 1,999,262.31 4.620 AAA 4.642 673 05/04/2009 31331SXV0 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,978,120.00 2,000,000.00 4.450 AAA 4.450 512 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 1,086 06/21/2010 31331VR32 3408 Federal Farm Credit Bank 07/19/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.500 AAA 5.500 18 07/19/2007 31331XAK8 3430 Federal Farm Credit Bank 10/16/2006 2,000,000.00 1,996,880.00 2,000,000.00 5.250 AAA 5.250 1,020 04/16/2010 31331XHPO 3452 Federal Farm Credit Bank 12/14/2006 2,000,000.00 1,985,620.00 2,000,000.00 5.250 AAA 5.250 1,262 12/14/2010 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 1,995,000.00 1,996,360.11 5.050 AAA 5.150 708 06/08/2009 31331XE57 3542 Federal Farm Credit Bank 06/18/2007 2,000,000.00 2,000,620.00 2,000,000.00 5.850 AAA 5.850 1,814 06/18/2012 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,965,620.00 2,000,000.00 3.020 AAA 3.020 281 04/07/2008 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,959,380.00 2,000,000.00 3.320 AAA 3.320 393 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,950,620.00 2,000,000.00 2.900 AAA 2.900 394 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,822,250.00 1,850,000.00 4.000 AAA 4.000 456 09/29/2008 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,998,120.00 2,000,000.00 2.800 AAA 2.801 15 07/16/2007 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,990,000.00 2,000,000.00 3.260 AAA 3.260 89 09/28/2007 3133XEXU8 3365 Federal Home Loan Bank 03/28/2006 2,000,000.00 1,998,120.00 2,000,000.00 5.100 AAA 5.100 89 09/28/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 1,998,760.00 2,000,000.00 5.500 AAA 5.500 1,223 11/05/2010 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.700 AAA 5.700 1,516 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 1,992,500.00 2,000,000.00 5.430 AAA 5.430 1,544 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 1,990,000.00 2,000,000.00 5.300 AAA 5.300 1,537 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 1,996,260.00 2,000,000.00 5.250 AAA 5.250 856 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 5.200 143 11/21/2007 3133XHWH1 3443 Federal Home Loan Bank 11/24/2006 2,000,000.00 1,998,760.00 2,000,000.00 5.150 AAA 5.150 54 08/24/2007 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2,000,000.00 1,989,380.00 2,000,000.00 5.150 AAA 5.150 1,111 07/16/2010 3133XJSG4 3483 Federal Home Loan Bank 01/29/2007 2,000,000.00 1,999,380.00 2,000,000.00 5.200 AAA 5.200 59 08/29/2007 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 1,988,120.00 2,000,000.00 5.300 AAA 5.300 1,503 08/12/2011 3133XKC37 3504 Federal Home Loan Bank 03/23/2007 2,000,000.00 1,999,380.00 2,000,000.00 5.250 AAA 5.250 65 09/04/2007 3133XKM51 3525 Federal Home Loan Bank 05/02/2007 2,000,000.00 1,998,760.00 2,000,000.00 5.250 AAA 5.250 124 11/02/2007 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 1,998,120.00 2,000,000.00 5.550 AAA 5.550 1,808 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,000,000.00 1,996,305.56 5.350 AAA 5.419 1,080 06/15/2010 3133XLEL3 3541 Federal Home Loan Bank 06/25/2007 2,000,000.00 1,999,380.00 2,000,000.00 5.400 AAA 5.400 360 06/25/2008 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,953,640.00 2,000,000.00 3.000 AAA 3.000 387 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,973,980.00 2,000,000.00 3.000 AAA 3.000 206 01/23/2008 Portfolio CITY AP Run Date:07/10/2007-11:06 PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments June 30, 2007 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 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,972,020.00 2,000,000.00 3.560 AAA 3.560 299 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,952,480.00 2,000,000.00 4.125 AAA 4.125 871 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,970,520.00 2,000,000.00 3.600 AAA 3.600 326 05/22/2008 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 1,984,140.00 1,998,294.44 5.250 AAA 5.273 1,558 10/06/2011 3128X5QK7 3446 Federal Home Loan Mort Corp 11/28/2006 2,000,000.00 1,990,040.00 2,000,000.00 5.500 AAA 5.500 1,611 11/28/2011 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2,000,000.00 1,987,420.00 2,000,000.00 5.050 AAA 5.050 901 12/18/2009 3128X5TD0 3460 Federal Home Loan Mort Corp 12/26/2006 2,000,000.00 1,993,220.00 2,000,000.00 5.100 AAA 5.100 544 12/26/2008 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 1,980,420.00 2,000,000.00 5.250 AAA 5.250 1,642 12/29/2011 3128X5PT9 3468 Federal Home Loan Mort Corp 01/05/2007 2,000,000.00 1,996,200.00 1,999,834.01 5.250 AAA 5.251 873 11/20/2009 3128X5WH7 3486 Federal Home Loan Mort Corp 02/05/2007 2,000,000.00 1,991,100.00 1,998,164.60 5.550 AAA 5.572 1,653 01/09/2012 3136F5KW0 3223 Fed.NafI Mort.Assoc. 03/30/2004 2,000,000.00 1,946,880.00 2,000,000.00 3.610 AAA 3.610 638 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,963,120.00 1,999,075.00 3.250 AAA 2.052 339 06/04/2008 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 1,959,380.00 2,000,000.00 4.250 AAA 4.250 821 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,971,880.00 2,000,000.00 3.700 AAA 3.700 327 05/23/2008 3136F61369 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,987,500.00 2,000,000.00 3.700 AAA 3.080 141 11/19/2007 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 10/27/2006 2,000,000.00 1,990,000.00 2,000,000.00 5.375 AAA 5.375 1,579 10/27/2011 Subtotal and Average 99,373,053.14 102,850,000.00 101,994,650.00 102,837,296.03 4.560 734 Local Agency Investment Funds SYS982 982 Laif City 19,474,175.19 19,474,175.19 19,474,175.19 5.250 NR 5.250 1 SYS2206 2206 LAIF-Redevelopment Agency 20,490,594.35 20,490,594.35 20,490,594.35 5.250 NR 5.250 1 Subtotal and Average 38,551,436.21 39,964,769.54 39,964,769.54 39,964,769.54 5.250 1 Treasury Securities-Coupon 912828ANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,985,940.00 1,996,651.54 3.000 AAA 3.473 137 11/15/2007 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,985,940.00 1,999,572.61 3.000 AAA 3.060 137 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,994,840.00 1,999,316.41 2.750 AAA 3.034 45 08/15/2007 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 1,998,600.00 2,001,182.93 4.875 AAA 4.834 776 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 1,991,100.00 1,993,223.49 4.625 AAA 4.909 457 09/30/2008 912828EF3 3470 US Treasury Notes 01/05/2007 2,000,000.00 1,997,040.00 1,996,676.08 4.000 AAA 5.019 61 08/31/2007 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 1,997,180.00 2,001,842.90 4.875 AAA 4.795 488 10/31/2008 912828FM7 3476 US Treasury Notes 01/17/2007 2,000,000.00 1,999,380.00 2,001,654.41 5.000 AAA 4.883 396 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 1,997,180.00 2,000,000.00 4.875 AAA 4.867 488 10/31/2008 Subtotal and Average 17,988,632.77 18,000,000.00 17,947,200.00 17,990,120.37 4.320 332 Portfolio CITY AP Run Date:07/10/2007-11:06 PM(PRF_PM2)SyrnRept 6.41.202 City of HB Portfolio Management Page Portfolio Details - Investments June 30, 2007 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 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 1,928,460.00 1,948,879.38 4.200 Aaa 5.023 1,263 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 1,971,160.00 1,983,686.68 4.400 Aat 5.090 458 10/01/2008 Subtotal and Average 3,931,444.54 4,000,000.00 3,899,620.00 3,932,566.06 5.057 857 Commercial Paper Disc.-Amortizing 02581SUT6 3543 American Express 06/12/2007 2,000,000.00 1,992,700.00 1,992,460.00 5.220 P-1 5.327 26 07/27/2007 17307SUL4 3481 Citigroup Global 01/25/2007 2,000,000.00 1,994,740.00 1,994,511.11 5.200 P-1 5.410 19 07/20/2007 17307SUWO 3513 Citigroup Global 04/13/2007 2,000,000.00 1,991,820.00 1,991,573.89 5.230 P-1 5.387 29 07/30/2007 17307SVE9 3516 Citigroup Global 04/19/2007 2,000,000.00 1,987,440.00 1,987,215.56 5.230 P-1 5.394 44 08/14/2007 36959JU68 3489 General Electric Capital Corp 02/08/2007 2,000,000.00 1,998,840.00 1,998,561.11 5.180 P-1 5.366 5 07/06/2007 36959JY98 3544 General Electric Capital Corp 06/29/2007 2,000,000.00 1,962,440.00 1,962,264.72 5.185 P-1 5.360 131 11/09/2007 24422MVA6 3492 John Deere Capital 02/21/2007 2,000,000.00 1,988,600.00 1,988,444.44 5.200 P-1 5.405 40 08/10/2007 24422MUG4 3531 John Deere Capital 05/11/2007 2,000,000.00 1,995,900.00 1,995,641.67 5.230 P-1 5.354 15 07/16/2007 61745BV38 3528 Morgan Stanley Dean Witter 05/01/2007 2,000,000.00 1,990,640.00 1,990,411.67 5.230 A1P1 5.376 33 08/03/2007 61745BVH7 3529 Morgan Stanley Dean Witter 05/01/2007 2,000,000.00 1,986,580.00 1,986,370.00 5.220 A1P1 5.377 47 08/17/2007 82619UUB8 3517 Siemens Capital 04/19/2007 2,000,000.00 1,997,360.00 1,997,105.56 5.210 P-1 5.347 10 07/11/2007 90262DX91 3536 UBS Finance Delaware LLC 06/06/2007 2,000,000.00 1,971,300.00 1,971,027.78 5.215 P-1 5.385 100 10/09/2007 Subtotal and Average 28,313,118.92 24,000,000.00 23,858,360.00 23,855,587.61 5.374 41 Federal Agency Disc.-Amortizing 313396LV3 3509 Federal Home Loan Mort Corp 04/09/2007 2,000,000.00 1,978,200.00 1,978,116.67 5.050 AAA 5.238 78 09/17/2007 3133961-136 3514 Federal Home Loan Mort Corp 04/19/2007 2,000,000.00 1,979,800.00 1,979,720.00 5.070 AAA 5.248 72 09/11/2007 313396MC4 3524 Federal Home Loan Mort Corp 04/30/2007 2,000,000.00 1,976,200.00 1,976,152.78 5.050 AAA 5.228 85 09/24/2007 313396MM2 3530 Federal Home Loan Mort Corp 05/09/2007 2,000,000.00 1,973,800.00 1,973,575.56 5.060 AAA 5.239 94 10/03/2007 313396NG4 3532 Federal Home Loan Mort Corp 05/17/2007 2,000,000.00 1,968,400.00 1,968,203.06 5.065 AAA 5.252 113 10/22/2007 313588JV8 3507 Fed.Nat'l Mort.Assoc. 03/28/2007 2,000,000.00 1,991,800.00 1,991,550.00 5.070 AAA 5.233 30 07/31/2007 313588ME2 3512 Fed.Nat'l Mort.Assoc. 04/13/2007 2,000,000.00 1,975,600.00 1,975,495.00 5.070 AAA 5.263 87 09/26/2007 313588KC8 3518 Fed.Nat'l Mort.Assoc. 04/20/2007 2,000,000.00 1,989,800.00 1,989,557.78 5.080 AAA 5.231 37 08/07/2007 313588JG1 3519 Fed.Nat'l Mort.Assoc. 04/20/2007 2,000,000.00 1,995,400.00 1,995,173.89 5.110 AAA 5.247 17 07/18/2007 313588NL5 3534 Fed.Nat'l Mort.Assoc. 05/31/2007 2,000,000.00 1,967,200.00 1,966,915.00 5.090 AAA 5.271 117 10/26/2007 Subtotal and Average 19,753,605.97 20,000,000.00 19,796,200.00 19,794,459.74 5.245 73 Treasury Discounts-Amortizing 912795ZP9 3472 United States Treasury Bills 01/08/2007 2,000,000.00 1,999,460.00 1,998,915.55 4.880 AAA 5.070 4 07/05/2007 912795ZR5 3478 United States Treasury Bills 01/18/2007 2,000,000.00 1,996,140.00 1,995,065.03 4.935 AAA 5.132 18 07/19/2007 912795ZS3 3479 United States Treasury Bills 01/25/2007 2,000,000.00 1,994,420.00 1,993,110.99 4.960 AAA 5.158 25 07/26/2007 Portfolio CITY AP Run Date:07/10/2007-11:06 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 5 Portfolio Details - Investments June 30, 2007 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 912795ZT1 3485 United States Treasury Bills 02/05/2007 2,000,000.00 1,992,300.00 1,991,200.00 4.950 AAA 5.145 32 08/02/2007 912795ZU8 3488 United States Treasury Bills 02/08/2007 2,000,000.00 1,990,500.00 1,989,296.86 4.940 AAA 5.137 39 08/09/2007 912795ZW4 3495 United States Treasury Bills 02/22/2007 2,000,000.00 1,986,760.00 1,985,439.72 4.945 AAA 5.142 53 08/23/2007 912795ZV6 3496 United States Treasury Bills 02/22/2007 2,000,000.00 1,988,600.00 1,987,375.55 4.940 AAA 5.132 46 08/16/2007 912795ZZ7 3501 United States Treasury Bills 03/2012007 2,000,000.00 1,981,580.00 1,979,814.31 4.910 AAA 5.101 74 09/13/2007 912795ZYO 3508 United States Treasury Bills 04/03/2007 2,000,000.00 1,982,860.00 1,981,873.06 4.870 AAA 5.044 67 09/06/2007 912795A35 3510 United States Treasury Bills 04/10/2007 2,000,000.00 1,977,380.00 1,976,191.34 4.870 AAA 5.054 88 09/27/2007 912795A43 3511 United States Treasury Bills 04/10/2007 2,000,000.00 1,975,560.00 1,974,244.44 4.880 AAA 5.069 95 10/04/2007 912795ZX2 3521 United States Treasury Bills 04/20/2007 2,000,000.00 1,985,060.00 1,983,916.36 4.825 AAA 4.980 60 08/30/2007 91279SA27 3522 United States Treasury Bills 04/20/2007 2,000,000.00 1,979,160.00 1,978,265.53 4.830 AAA 5.000 81 09/20/2007 912795A43 3523 United States Treasury Bills 04/30/2007 2,000,000.00 1,975,560.00 1,974,613.89 4.810 AAA 4.981 95 10/04/2007 912795A50 3526 United States Treasury Bills 05/01/2007 2,000,000.00 1,973,560.00 1,972,800.42 4.800 AAA 4.975 102 10/11/2007 912795A68 3527 United States Treasury Bills 05/01/2007 2,000,000.00 1,971,960.00 1,970,932.91 4.800 AAA 4.980 109 10/18/2007 912795B26 3533 United States Treasury Bills 05/17/2007 2,000,000.00 1,964,500.00 1,964,265.58 4.695 AAA 4.876 137 11/15/2007 912795B42 3535 United States Treasury Bills 06/07/2007 2,000,000.00 1,960,760.00 1,960,404.44 4.720 AAA 4.898 151 11/29/2007 Subtotal and Average 35,196,500.51 36,000,000.00 35,676,120.00 35,657,725.98 5.049 71 Total and Average 243,107,792.06 244,814,769.54 243,136,919.54 244,032,525.23 4.870 368 Portfolio CITY AP Run Date:07/10/2007-11:06 PM(PRF_PM2)SyrnRept 6.41.202 City of HB Portfolio Management Page 6 Portfolio Details - Cash June 30, 2007 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 107,442.78 107,442.78 0 Subtotal 107,442.78 107,442.78 Total Cash and Investmentss 243,107,792.06 244,814,769.64 243,244,362.32 244,139,968.01 4.870 368 Portfolio CITY AP Run Date:07/10/2007-11:06 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 7 Activity By Type June 1, 2007 through June 30, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331XC67 3537 Federal Farm Credit Bank 5.050 06/08/2007 1,996,240.00 0.00 31331XE57 3542 Federal Farm Credit Bank 5.850 06/18/2007 2,000,000.00 0.00 3133XLC50 3538 Federal Home Loan Bank 5.550 06/12/2007 2,000,000.00 0.00 3133XLA86 3540 Federal Home Loan Bank 5.350 06/15/2007 1,996,250.00 0.00 3133XLEL3 3541 Federal Home Loan Bank 5.400 06/25/2007 2,000,000.00 0.00 31359MX81 3539 Fed.Nafl Mort.Assoc. 5.500 06/08/2007 2,000,000.00 0.00 31359MX81 3539 06/29/2007 0.00 2,000,000.00 Subtotal 11,992,490.00 2,000,000.00 102,8375296.03 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 5.250 5,200,000.00 5,200,000.00 Subtotal 5,200,000.00 5,200,000.00 39,964,769.54 Treasury Securities-Coupon Subtotal 17,990,120.37 Medium Term Notes Subtotal 3,932,566.06 Commercial Paper Disc.-Amortizing 60406BTU3 3499 Minn.Mng&Mfg(3M) 5.170 06/28/2007 0.00 2,000,000.00 60406BT82 3502 Minn.Mng&Mfg(3M) 5.190 06/08/2007 0.00 2,000,000.00 02581SUT6 3543 American Express 5.220 06/12/2007 1,986,950.00 0.00 17307STN2 3505 Citigroup Global 5.220 06/22/2007 0.00 2,000,000.00 17307STR3 3506 Citigroup Global 5.230 06/25/2007 0.00 2,000,000.00 36959JT86 3520 General Electric Capital Corp 5.200 06/08/2007 0.00 2,000,000.00 36959JY98 3544 General Electric Capital Corp 5.185 06/29/2007 1,961,688.61 0.00 45974NTF3 3503 Internation Lease Fin.Corp. 5.190 06/15/2007 0.00 2,000,000.00 24422MT76 3497 John Deere Capital 5.210 06/07/2007 0.00 2,000,000.00 24422MT68 3500 John Deere Capital 5.220 06/06/2007 0.00 2,000,000.00 81989DT14 3516 Sharp Electronics Corp. 5.240 06/01/2007 0.00 2,000,000.00 90262DX91 3536 UBS Finance Delaware LLC 5.215 06/06/2007 1,963,784.72 0.00 Subtotal 5,912,423.33 18,000,000.00 23,855,587.51 Federal Agency Disc.-Amortizing Portfolio CITY AP Run Date:07/1 012007-11:06 PM(PRF_PM3)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 8 Activity By Type June 1, 2007 through June 30, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Subtotal 19,794,459.74 Treasury Discounts-Amortizing 912795642 3535 United States Treasury Bills 4.720 06/07/2007 1,954,111.11 0.00 Subtotal 1,954,111.11 0.00 35,657,725.98 Total 25,059,024.44 25,200,000.00 244,032,525.23 Portfolio CITY AP Run Date:07/10/2007-11:06 PM(PRF_PM3)SyrnRept 6.41.202 City of HB Portfolio Management Page 9 Activity Summary June 2006 through June 2007 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 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 January 2007 95 219,934,932.02 4.609 4.673 5.156 17 11 722 401 February 2007 94 219,391,301.54 4.678 4.743 5.181 12 13 737 429 March 2007 91 215,541,134.27 4.702 4.767 5.214 11 14 729 417 April 2007 100 222,964,352.01 4.750 4.816 5.222 17 8 667 371 May 2007 105 242,517,495.45 4.801 4.867 5.248 10 5 634 342 June 2007 105 243,107,792.06 4.803 4.870 5.250 10 10 679 368 Average 92 214,315,374.57 4.513% 4.575% 6.087 12 11 694 351 Portfolio CITY AP Run Date:07/10/2007-11:06 PM(PRF_PM4)SymRept 6,41.202 Report Ver.5.00 City of HB Portfolio Management Page 10 Distribution of Investments By Type June 2006 through June 2007 June July August September October November December January February March April May June Average Security Type 2006 2006 2006 2006 2006 2006 2006 2007 2007 2007 2007 2007 2007 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 47.7 52.3 51.1 50.7 55.4 57.7 50.4 47.4 45.4 45.0 39.7 38.1 42.1 47.9% Local Agency Investment Funds 16.9 14.5 17.5 19.4 18.2 20.0 17.9 17.9 16.7 18.2 17.1 16.4 16.4 17.5% Treasury Securities-Coupon 10.8 10.8 10.1 10.2 11.3 9.1 8.6 10.7 10.1 9.3 8.6 7.4 7.4 9.6% Medium Term Notes 1.0 0.9 1.8 1.8 1.8 1.7 1.6 1.6 0.9% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 11.6 13.7 15.2 14.7 12.0 9.1 18.4 16.1 17.1 16.6 15.3 14.7 9.8 14.2% Federal Agency Disc.-Amortizing 6.7 2.9 1.0 2.0 1.0 1.0 2.8 2.7 1.8 0.9 5.9 8.1 8.1 3.5% Treasury Discounts-Amortizing 6.3 5.8 5.1 3.0 2.1 2.0 1.0 3.5 7.2 8.2 11.8 13.8 14.6 6.5% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:07/10/2007-11:06 PM(PRF_PM5)SymRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 6/30/2007 'I" a ,¢1•y..�m :' .« lESirh r 1 'i k 9yY 'k - p,k g':�' a ql 17 ���,.,�,d.1� s`I��✓,, �.'. r n r.,t 7::: ;w::t :.4.. �4 ,.:u ..I ,I� II) .•I aP.. I ,.Yr�� �5 e:�: I„ ::.)I f1 I §... I�" IX:�tii n : v IW I .i�I 4:�!!. �: ,!����scr��Mion>kfi��"l�l� �cru �Interest�'f�urch� �- /��nort¢�d'Cost�"" ��I 7'r',I' FairaWalue �C�ii�r�,�,I Accr� d°'Inferest` United States Treasury: Bills $ 3,326,633,305.52 $ 3,360,418,277.71 $ 3,362,656,000.00 NA Notes $ - $ - $ - $ - Federal Agency: SBA $ 635,339,810.23 $ 635,281,502.24 $ 629,833,742.63 $ 5,913,571.51 MBS $ 865,081,578.32 $ 865,081,578.32 $ 840,265,076.40 $ 4,003,110.03 Bonds $ 6,852,130,698.55 $ 6,849,034,842.98 $ 6,842,817,374.20 $ 103,190,047.10 Floaters $ 644,880,098.19 $ 644,830,951.97 $ 644,970,550.00 $ 5,589,041.50 Discount Notes $ 5,718,179,845.68 $ 5,738,024,059.62 $ 5,740,085,600.00 NA FHLMC PC $ 473,457.83 $ 473,457.83 $ 487,775.23 $ 7,691.36 GNMA $ 208,808.04 $ 208,808.04 $ 231,054.14 $ 2,074.80 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 1,300,000,000.00 $ 1,300,000,000.00 $ 1,299,968,025.00 $ 15,556,486.11 CDs $ 15,594,464,281.53 $ 15,594,088,516.53 $ 15,594,616,237.35 $ 155,558,942.14 Commercial Paper $ 14,375,797,759.63 $ 14,470,094,812.93 $ 14,471,656,844.17 NA Corporate: Floaters $ 129,032,594.05 $ 129,032,594.05 $ 129,028,000.00 $ 705,096.94 Bonds $ 256,017,471.12 $ 254,778,688.02 $ 254,800,326.96 $ 4,059,292.06 Repurchase Agreement $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 8,740,495,000.00 $ 8,740,495,000.00 $ 8,740,495,000.00 NA AB 55&GF Loans $ 7,204,754,327.40 $ 7,204,754,327.40 $ 7,204,754,327.40 NA TOTAL $ 65,643,489,036.09 $ 65,786,597,417.65 $ 65,756,665,933.48 $ 294,585,353.55 Fair Value Including Accrued Interest $ 66,051,251,287.03 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(.999545022). As an example: if an agency has an account balance of$20,000,000.00, then the agency would report it: participation in the LAIF valued at $19,990,900.43 or$20,000,000.00 x .999545022. ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of May 31,2007 Summary of investments by type Market Value Market Value Par Value Investment Type as of 4/30/07 as of 5/31/07 $5,710,460 Local Agency Investment Fund(LAIF) $5,710,460 $5,710,460 $0 Federal Agency Issues $0 $0 $13,189,825 Investment Agreements $13,189,825 $13,189,825 $2,696,423 Money Market Funds $2,697,545 $2,696,423 $0 US Treasury Securities $0 $0 $21,596,708 $21,597,830 $21,596,708 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 4/30/07 as of 5/31/07 $2,533,397 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,532,393 $2,533,397 $2,292,367 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,292,257 $2,292,367 $1,649,765 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,459 $1,649,765 $509,605 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $510,552 $509,605 $2,043,279 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,063 $2,043,279 $7,697,831 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $7,697,526 $7,697,831 $1,304,983 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,300,837 $1,304,983 $174,666 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,658 $174,666 $1,594,015 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,593,237 $1,594,015 $769,685 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $768,570 $769,685 $868,848 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $878,303 $868,848 $158,267 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $156,975 $158,267 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $21,596,708 $21,597,830 $21,596,708 ATTAC H M E N T #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2007 Beginning Balance Contributions Distributions/ Earnings Other Ending (3-31-07) Transfers (change in value) Balance (06-30-07) ICMA Retirement Corporation (457 Plan) $24,695,232 $822,890 ($738,014) $1,053,514 ($100) $25,833,522 ICMA Retirement Corporation (401 Plan) $766,785 $30,540 $0 $31,490 $0 $828,815 Nationwide Retirement Solutions (457 Plan) $55,064,409 $855,621 ($1,537,246) $2,050,858 ($448) $56,433,194 Total Deferred Compensation Plan Balances $80,526,426 $1,709,051 ($2,275,260) $3,135,862 ($548) $83,095,531 ATTAC H M E N T #4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA JUNE TREASURER'S REPORT ........ ... x , .......... t �M WN L '4 21 A � g Shari L . Freidenrich , CPA, CCMT CPFA August 6, 2007 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Balance Trends Portfolio Balances b Type $116M $140M $192M $ 22 $215M $244M 100% 80% - M US Treas a - � M Med Notes LAI F 40% f - _ = M Fed Ag. _ - = El CP 20% 0% Slide 2 Jun-03 Jun-04 Jun-05 Jun-06 Mar-07 Jun-07 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Percentages By Type of Investment Disc. Treasury Federal Securities Agencies 150 42% Commer Pa 1 _ N Slide 3 LAI F Fed. Agcy Discount 16% 0 Treasu s 8 /0 7% 2% Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Liquidity Investment Maturities by Days, Ending June 2006/2007 50% 45°0 45 6 - 1 Day � v 40% 2-180 Days .5 - 1Yr. 30% 01 - 1 .5 Yr. 20% 1 .5 - 2 Yr. 0 0 11% 7% 9% El 2 - 3Yr. 10%- 1% W3 - 4Yr. d 0% - _ _ - 4 - 5Yr. 17% 12% 6% 3% 16% 6% 3% 3% Slide 4 2006 2007 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $309 000,000 AM $100 000 $209000,000 F $5,80%000 $10,00%000 u $0 ($10,000,000) $7,542,000 5 600 000 ($20500%000) $10 177 000 ($3010005000) ($4%000,000) ($50,000,000) $53 538 000 ($60,000,000) Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Slide 5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Yields Trends 6.00% 4.52% o 4.89% 5.00% 3.73% ° 4.00% wn s MOW = 3 = w 2.00% ° _ a 0.00% _ Mar-06 Jun-06 Dec-06 Mar-07 Jun-07 Slide 6 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Summary of Investment by City Fund June 30, 2007 $55,206,878 $1,123,700 $31,525,837 _ LL_ � � - � � _ $35,495,639 �� _ ri $ 71 4 0 n r�� _ 5n .— $27,191,135 $855845,010 1 — 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 2007 Investment Summary Report COUNCIL MEETING DATE: August 6, 2007 RAI r i , AN 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 $5,000) 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 `.. �, ���' `" Administrative Staff ) Deputy City Administrator (initial) ( ) City Administrator (Initial) ( ) City Clerk ( ) EXPLA �., Only)(Below Space For City Clerk's Use RCA Author: SLF Council/Agency Meeting Held: -- Deferred/Continued to: A roved ❑ Conditional) Approved L) Denied City I rk'sAignatuV Council Meeting Date: 7/16/2007 Department ID Number: CT07-11 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASU PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MAY 2007 INVESTMENT SUMMARY REPORT lFstatemen't,fissue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for May 2007, 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 May 2007, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. e REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 7/16/2007 DEPARTMENT ID NUMBER: CT07-11 Analysis: Not Applicable. Strategic Plan Goal: Not Applicable - Administrative Action Environmental Status: Not Applicable. Attachment(s): NumberCity Clerk's Page Description 1. Monthly Investment Report and Summary of Investments for May 2007 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. May 2007 PowerPoint Presentation -2- 7/2/2007 9:40 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for May 2007 City Investment Portfolio: April May Inc./(Dec.) End of month City Portfolio Balance $233,768,720 $243,815,224 $10,046,504 End of month General Fund Balance $46,400,346 $56,150,788 $9,750,442 Monthly Effective Rate of Return 4.82% 4.82% 0.00% Average Maturity ( in days) 371 342 (29) End of Month Market Value $233,111,817 $242,876,374 $9,764,557 End of month bank cash balance $2,994,701 $4,467,464 $1,472,763 Bond Proceeds Investments:* March April Inc./(Dec.) End of Month Bond Reserve Par Value $18,098,138 $21,597,830 $3,499,692 End of Month Bond Reserve Market Value $18,098,138 $21,597,830 $3,499,692 Deferred Compensation Investments:** December March Inc./(Dec.) Participant Balances $79,410,954 $80,526,426 $1,115,472 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $450,000 $992,862 $542,862 Interest Earned Year to Date $3,600,000 $6,643,848 $3,043,848 Earned Interest Yield Year to Date 4.25% 4.68% 0.43% *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. May % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $92,844,441 38% None 719 4.46% Local Agency Inv. Fund (LAIF) $39,964,769 16% $40 million 1 5.25% Treasury Securities-Coupon $17,987,042 7% None 362 4.32% Medium Term Notes $3,930,246 2% 20% 887 5.06% Commercial Paper Disc. -Amortizing $35,819,536 15% 25% 35 5.36% Federal Agency Disc. -Amortizing $19,709,935 8% None 103 5.25% Treasury Discounts -Amortizing $33,559,255 14% None 96 5.06% $243,815,224 100% 342 4.87% City of HB Portfolio Management Portfolio Summary May 31, 2007 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 92,850,000.00 91,971,984.00 92,844,440.70 38.08 1,335 719 4.401 4.462 Local Agency Investment Funds 39,964,769,54 39,964,769.54 39,964,769.54 16.39 1 1 5.176 5.248 Treasury Securities-Coupon 18,000,000.00 17,934,240.00 17,987,042.60 7.38 800 362 4.260 4.320 Medium Term Notes 4,000,000.00 3,900,340.00 3,930,245.68 1.61 1,057 887 4.988 5.057 Commercial Paper Disc.-Amortizing 36,000,000.00 35,818,680.00 35,819,536.12 14.69 99 35 5.287 5.360 Federal Agency Disc.-Amortizing 20,000,000.00 19,707,800.00 19,709,934.73 8,08 139 103 5.173 5.245 Treasury Discounts-Amortizing 34,000,000.00 33,578,560.00 33,559,255.07 13.76 170 96 4.988 5.058 244,814,769.64 242,876,373.54 243,815,224.44 100.00% 634 342 4.801 4.867 Investments Cash and Accrued Interest Accrued Interest at Purchase 114,909.45 114,909.45 Subtotal 114,909.45 114,909.45 Total Cash and Investments 244,814,769.54 242,991,282.99 243,930,133.89 634 342 4,801 4.867 Total Earnings May 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 992,861.67 6,643,848.34 Current Budget 450,000.00 3,600,000.00 5,400,000.00 Last Year Actual 742,292.00 4,759,626.00 7,728,428.00 Average Daily Balance 242,617,495.46 213,341,979.63 Effective Rate of Return 4.82% 4.68% 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. -T `a-o-7 1 L.FREIDEN ICH,CITY TREASURER Reporting period 05/0112007-06/3112007 Portfolio CITY NL!AP Run Date:06/25/2007-12:48 PM(PRF_PM1)SymRept 6,41.202 Report Ver.5.00 1 City of HB Portfolio Management Page 2 Portfolio Details - Investments May 31, 2007 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 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 984,380.00 1,000,000.00 3.500 AAA 3.500 319 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,964,380.00 2,000,000.00 4.000 AAA 4.000 515 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,961,880.00 2,000,000.00 4.000 AAA 4.000 563 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,987,500.00 2,000,000.00 3.700 AAA 3.700 154 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,976,880.00 1,999,228.93 4.620 AAA 4.642 703 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 4.450 542 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,958,760.00 2,000,000.00 4.480 AAA 4.480 1,116 06/21/2010 31331VR32 3408 Federal Farm Credit Bank 07/19/2006 2,000,000.00 2,000,620.00 2,000,000.00 5.500 AAA 5.500 48 07/19/2007 31331XAK8 3430 Federal Farm Credit Bank 10/16/2006 2,000,000.00 1,995,620.00 2,000,000.00 5.250 AAA 5.250 1,050 04/16/2010 31331XHPO 3452 Federal Farm Credit Bank 12/14/2006 2,000,000.00 1,987,500.00 2,000,000.00 5.250 AAA 5.250 1,292 12/14/2010 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,961,880.00 2,000,000.00 3.020 AAA 3.020 311 04/07/2008 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,955,620.00 2,000,000.00 3.320 AAA 3.320 423 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,946,260.00 2,000,000.00 2.900 AAA 2.900 424 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,819,364.00 1,850,000.00 4.000 AAA 4.000 486 09/29/2008 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,993,760.00 2,000,000.00 2.800 AAA 2.801 45 07/16/2007 3133XSQN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,987,500.00 2,000,000.00 3.260 AAA 3.260 119 09/28/2007 3133XEXUB 3365 Federal Home Loan Bank 03/28/2006 2,000,000.00 1,999,380.00 2,000,000.00 5.100 AAA 5.100 119 09/28/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 2,000,620.00 2,000,000.00 5.500 AAA 5.500 1,253 11/05/2010 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,002,500.00 2,000,000.00 5.700 AAA 5.700 1,546 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 1,995,620.00 2,000,000.00 5.430 AAA 5.430 1,574 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 1,993,120.00 2,000,000.00 5.300 AAA 5.300 1,567 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 1,997,500.00 2,000,000.00 5.250 AAA 5.250 886 11/03/2009 3133XHV41 3442 Federal Home Loan Bank 11/21/2006 2,000,000.00 1,998,120.00 2,000,000.00 5.200 AAA 5.200 173 11/21/2007 3133XHWH1 3443 Federal Home Loan Bank 11/24/2006 2,000,000.00 1,998,760.00 2,000,000.00 5.150 AAA 5.150 84 08/24/2007 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2,000,000.00 1,990,620.00 2,000,000.00 5.150 AAA 5.150 1,141 07/16/2010 3133XJSG4 3483 Federal Home Loan Bank 01/29/2007 2,000,000.00 1,999,380.00 2,000,000.00 5.200 AAA 5.200 89 08/29/2007 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 1,990,620.00 2,000,000.00 5.300 AAA 5.300 1,533 08/12/2011 3133XKC37 3504 Federal Home Loan Bank 03/23/2007 2,000,000.00 2,000,000.00 2,000,000.00 5.250 AAA 5.250 95 09/04/2007 3133XKM51 3525 Federal Home Loan Bank 05/02/2007 2,000,000.00 2,000,000.00 2,000,000.00 5.250 AAA 5.250 154 11/02/2007 3128X1 RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,949,300.00 2,000,000.00 3.000 AAA 3.000 417 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,970,840.00 2,000,000.00 3.000 AAA 3.000 236 01/23/2008 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,969,380.00 2,000,000.00 3.560 AAA 3.560 329 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,953,440.00 2,000,000.00 4.125 AAA 4.125 901 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,967,840.00 2,000,000.00 3.600 AAA 3.600 356 05/22/2008 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 1,985,960.00 1,998,261.11 5.250 AAA 5.273 1,588 10/06/2011 3128X5QK7 3446 Federal Home Loan Mort Corp 11/28/2006 2,000,000.00 1,990,720.00 2,000,000.00 5.500 AAA 5.500 1,641 11/28/2011 Portfolio CITY NL!AP Run Date:06/25/2007-12:48 PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments May 31, 2007 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 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2,000,000.00 1,989,580.00 2,000,000.00 5.050 AAA 5.050 931 12/18/2009 3128X5TD0 3460 Federal Home Loan Mort Corp 12/26/2006 2,000,000.00 1,992,180.00 2,000,000.00 5.100 AAA 5.100 574 12/26/2008 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 1,981,860.00 2,000,000.00 5.250 AAA 5.250 1,672 12/29/2011 3128X5PT9 3468 Federal Home Loan Mort Corp 01/05/2007 2,000,000.00 1,995,820.00 1,999,828.21 5.250 AAA 5.251 903 11/20/2009 3128X5WH7 3486 Federal Home Loan Mort Corp 02/05/2007 2,000,000.00 1,991,900.00 1,998,130.78 5.550 AAA 5.572 1,683 01/09/2012 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,944,380.00 2,000,000.00 3.610 AAA 3.610 668 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,960,000.00 1,998,991.67 3.250 AAA 2.052 369 06/04/2008 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 1,959,380.00 2,000,000.00 4.250 AAA 4.250 851 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,969,380.00 2,000,000.00 3.700 AAA 3.700 357 05/23/2008 3136F6PB9 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,985,000.00 2,000,000.00 3.700 AAA 3.080 171 11/19/2007 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 10/27/2006 2,000,000,00 1,991,880.00 2,000,000.00 5.375 AAA 5.375 1,609 10/27/2011 Subtotal and Average 94,328,222.95 92,850,000.00 91,971,984.00 92,844,440.70 4.462 719 Local Agency Investment Funds SYS982 982 Laif City 19,474,175.19 19,474,175.19 19,474,175.19 5.248 NR 5.248 1 SYS2206 2206 LAIF-Redevelopment Agency 20,490,594.35 20,490,594.35 20,490,594.35 5.248 NR 5.248 1 Subtotal and Average 38,658,317.93 39,964,769.54 39,964,769.54 39,964,769.64 5.248 1 Treasury Securities-Coupon 912828ANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,983,280.00 1,995,918.30 3.000 AAA 3.473 167 11/15/2007 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,983,280.00 1,999,479.02 3.000 AAA 3.060 167 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,991,560.00 1,998,860.68 2.750 AAA 3.034 75 08/15/2007 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 1,998,280.00 2,001,228.66 4.875 AAA 4.834 806 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 1,990,320.00 1,992,778.64 4.625 AAA 4.909 487 09/30/2008 912828EF3 3470 US Treasury Notes 01/05/2007 2,000,000.00 1,995,620.00 1,995,041.36 4.000 AAA 5.019 91 08/31/2007 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 1,996,260.00 2,001,956,19 4.875 AAA 4.795 518 10/31/2008 912828FM7 3476 US Treasury Notes 01/17/2007 2,000,000.00 1,999,380.00 2,001,779.75 5.000 AAA 4.883 426 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 1,996,260.00 2,000,000.00 4.875 AAA 4.867 518 10/31/2008 Subtotal and Average 18,888,718.09 18,000,000.00 17,934,240.00 17,987,042.60 4.320 362 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 1,930,140.00 1,947,646.56 4.200 Aaa 5.023 1,293 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 1,970,200.00 1,982,599.12 4.400 Aa1 5.090 488 10/01/2008 Subtotal and Average 3,929,160.35 4,000,000.00 3,900,340.00 39930,245.68 5.057 887 Portfolio CITY NL!AP Run Date:06/25/2007-12:48 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 4 Portfolio Details - Investments May 31, 2007 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 60406BTU3 3499 Minn.Mng&Mfg(3M) 03/14/2007 2,000,000.00 1,992,120.00 1,992,245.00 5.170 P-1 5.323 27 06/28/2007 60406BT82 3502 Minn.Mng&Mfg(3M) 03/20/2007 2,000,000.00 1,997,960.00 1,997,981.67 5.190 P-1 5.323 7 06/08/2007 17307SUL4 3481 Citigroup Global 01/25/2007 2,000,000.00 1,985,740.00 1,985,844A5 5.200 P-1 5.410 49 07/20/2007 17307STN2 3505 Citigroup Global 03/27/2007 2,000,000.00 1,993,880.00 1,993,910.00 5.220 P-1 5.360 21 06/22/2007 17307STR3 3506 Citigroup Global 03/28/2007 2,000,000.00 1,993,000.00 1,993,026.67 5.230 P-1 5.372 24 06/25/2007 17307SUWO 3513 Citigroup Global 04/13/2007 2,000,000.00 1,982,820.00 1,982,857.22 5.230 P-1 5.387 59 07/30/2007 17307SVE9 3515 Citigroup Global 04/19/2007 2,000,000.00 1,978,500.00 1,978,498.89 5.230 P-1 5.394 74 08/14/2007 36959JU68 3489 General Electric Capital Corp 02/08/2007 2,000,000.00 1,989,800.00 1,989,927.78 5.180 P-1 5.366 35 07/06/2007 36959JT86 3520 General Electric Capital Corp 04/20/2007 2,000,000.00 1,997,960.00 1,997,977.78 5.200 P-1 5.310 7 06/08/2007 45974NTF3 3503 Internation Lease Fin,Corp. 03/22/2007 2,000,000.00 1,995,920.00 1,995,963.33 5.190 A1P1 5.327 14 06/15/2007 24422MVA6 3492 John Deere Capital 02/21/2007 2,000,000.00 1,979,660.00 1,979,777.78 5.200 P-1 5.405 70 08/10/2007 24422MT76 3497 John Deere Capital 03/07/2007 2,000,000.00 1,998,240.00 1,998,263.33 5.210 P-1 5.354 6 06/07/2007 24422MT68 3500 John Deere Capital 03/15/2007 2,000,000.00 1,998,540.00 1,998,550.00 5.220 P-1 5.357 5 06/06/2007 24422MUG4 3531 John Deere Capital 05/11/2007 2,000,000.00 1,986,880.00 1,986,925.00 5.230 P-1 5.354 45 07/16/2007 61745BV38 3528 Morgan Stanley Dean Witter 05/01/2007 2,000,000.00 1,981,700.00 1,981,695.00 5.230 A1P1 5.376 63 08/03/2007 61745BVH7 3529 Morgan Stanley Dean Witter 05/01/2007 2,000,000.00 1,977,620.00 1,977,670.00 5.220 A1131 5.377 77 08/17/2007 81989DT14 3516 Sharp Electronics Corp. 04/19/2007 2,000,000.00 2,000,000.00 2,000,000.00 5.240 A1P1 5.346 0 06/01/2007 82619UUB8 3517 Siemens Capital 04/19/2007 2,000,000.00 1,988,340.00 1,988,422.22 5.210 P-1 5.347 40 07/11/2007 Subtotal and Average 38,066,376.65 36,000,000.00 35,818,680.00 36,819,536.12 5.360 35 Federal Agency Disc.-Amortizing 313396LV3 3509 Federal Home Loan Mort Corp 04/09/2007 2,000,000.00 1,969,400.00 1,969,700.00 5.050 AAA 5.238 108 09/17/2007 3133961-136 3514 Federal Home Loan Mort Corp 04/19/2007 2,000,000.00 1,971,000.00 1,971,270.00 5.070 AAA 5.248 102 09/11/2007 313396MC4 3524 Federal Home Loan Mort Corp 04/30/2007 2,000,000.00 1,967,400.00 1,967,736.11 5.050 AAA 5.228 115 09/24/2007 313396MM2 3530 Federal Home Loan Mort Corp 05/09/2007 2,000,000.00 1,964,800.00 1,965,142.23 5.060 AAA 5.239 124 10/03/2007 313396NG4 3532 Federal Home Loan Mort Corp 05/17/2007 2,000,000.00 1,959,400.00 1,959,761.39 5.065 AAA 5.252 143 10/22/2007 313588JV8 3507 Fed.Nat'l Mort.Assoc. 03/28/2007 2,000,000.00 1,983,000.00 1,983,100.00 5.070 AAA 5.233 60 07/31/2007 313588ME2 3512 Fed.Nat'l Mort.Assoc. 04/13/2007 2,000,000.00 1,966,800.00 1,967,045.00 5.070 AAA 5.263 117 09/26/2007 313588KC8 3518 Fed.Nat'l Mort.Assoc. 04/20/2007 2,000,000.00 1,981,000.00 1,981,091.11 5.080 AAA 5.231 67 08/07/2007 313588JG1 3519 Fed.Nat'l Mort.Assoc. 04/20/2007 2,000,000.00 1,986,600.00 1,986,657.22 5.110 AAA 5.247 47 07/18/2007 313588NL5 3534 Fed.Nat'l Mort.Assoc. 05/31/2007 2,000,000.00 1,958,400.00 1,958,431.67 5.090 AAA 5.271 147 10/26/2007 Subtotal and Average 16,263,224.40 20,000,000.00 19,707,800.00 19,709,934.73 5.245 103 Treasury Discounts-Amortizing 912795ZP9 3472 United States Treasury Bills 01/08/2007 2,000,000.00 1,991,260.00 1,990,782.18 4.880 AAA 5.070 34 07/05/2007 912795ZR5 3478 United States Treasury Bills 01/18/2007 2,000,000.00 1,987,720.00 1,986,840.09 4.935 AAA 5.132 48 07/19/2007 Portfolio CITY NU AP Run Date:06/25/2007-12:48 PM(PRF_PM2)SyrnRept 6.41.202 City of HB Portfolio Management Page 5 Portfolio Details - Investments May 31, 2007 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 366 Maturity Date Treasury Discounts-Amortizing 912795ZS3 3479 United States Treasury Bills 01/25/2007 2,000,000.00 1,986,060.00 1,984,844.18 4.960 AAA 5,158 55 07/26/2007 912795ZT1 3485 United States Treasury Bills 02/05/2007 2,000,000.00 1,984,100.00 1,982,950.00 4.950 AAA 6.145 62 08/02/2007 912795ZU8 3488 United States Treasury Bills 02/08/2007 2,000,000.00 1,982,260.00 1,981,063.67 4.940 AAA 5.137 69 08/09/2007 912795ZW4 3495 United States Treasury Bills 02/22/2007 2,000,000.00 1,978,780.00 1,977,198.06 4.945 AAA 5.142 83 08/23/2007 912795ZV6 3496 United States Treasury Bills 02/22/2007 2,000,000.00 1,980,520.00 1,979,142.22 4.940 AAA 5.132 76 08/16/2007 912795ZZ7 3501 United States Treasury Bills 03/20/2007 2,000,000.00 1,973,100.00 1,971,630.92 4.910 AAA 5.101 104 09/13/2007 912795ZYO 3508 United States Treasury Bills 04/03/2007 2,000,000.00 1,974,920.00 1,973,756.53 4.870 AAA 5.044 97 09/06/2007 912795A35 3510 United States Treasury Bills 04/10/2007 2,000,000.00 1,969,500.00 1,968,074.75 4.870 AAA 5.054 118 09/27/2007 912795A43 3511 United States Treasury Bills 04/10/2007 2,000,000.00 1,967,780.00 1,966,111.11 4.880 AAA 5,069 125 10/04/2007 912795ZX2 3521 United States Treasury Bills 04/20/2007 2,000,000.00 1,977,000.00 1,975,874.55 4.825 AAA 4.980 90 08/30/2007 912795A27 3522 United States Treasury Bills 04/20/2007 2,000,000.00 1,971,260.00 1,970,215.73 4.830 AAA 5.000 111 09/20/2007 912795A43 3523 United States Treasury Bills 04/30/2007 2,000,000.00 1,967,780.00 1,966,597.22 4.810 AAA 4.981 125 10/04/2007 912795A50 3526 United States Treasury Bills 05/01/2007 2,000,000.00 1,966,020.00 1,964,800.54 4.800 AAA 4.975 132 10/11/2007 912795A68 3527 United States Treasury Bills 05/01/2007 2,000,000.00 1,964,040.00 1,962,932.79 4.800 AAA 4.980 139 10/18/2007 912795B26 3533 United States Treasury Bills 05/17/2007 2,000,000.00 1,956,460.00 1,956,440.53 4.695 AAA 4.876 167 11/15/2007 Subtotal and Average 32,483,475.09 34,000,000.00 33,578,560.00 33,559,255.07 5.058 96 Total and Average 242,517,495.45 244,814,769.54 242,876,373.64 243,815,224.44 4.867 342 Portfolio CITY NL!AP Run Date:06/25/2007-12:48 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 6 Portfolio Details - Cash May 31, 2007 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 114,909.45 114,909.45 0 Subtotal 114,909.45 114,909.45 Total Cash and Investmentss 242,517,495.45 244,814,769.54 242,991,282.99 243,930,133.89 4.867 342 Portfolio CITY NL!AP Run Date:06/25/2007-12:48 PM(PRF_PM2)SyrnRept 6.41.202 City of HB Portfolio Management Page 2 Activity By Type May 1, 2007 through May 31, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133XBVP7 3306 Federal Home Loan Bank 4.010 05/25/2007 0.00 2,000,000.00 3133XKM51 3525 Federal Home Loan Bank 5.250 05/02/2007 2,000,000.00 0.00 Subtotal 2,000,000.00 2,000,000.00 92,844,440.70 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 5.248 13,100,000.00 13,100,000.00 Subtotal 13,100,000.00 13,100,000.00 39,964,769.54 Treasury Securities-Coupon 912828CG3 3235 US Treasury Notes 3.125 05/15/2007 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 17,987,042.60 Medium Term Notes Subtotal 3,930,245.68 Commercial Paper Disc.-Amortizing 60406BSV2 3498 Minn.Mng&Mfg(3M) 5.170 05/29/2007 0.00 2,000,000.00 02581SS93 3490 American Express 5.190 05/09/2007 0.00 2,000,000.00 36959JSBO 3493 General Electric Capital Corp 5.190 05/11/2007 0.00 2,000,000.00 24422MUG4 3531 John Deere Capital 5.230 05/11/2007 1,980,823.33 0.00 61745BV38 3528 Morgan Stanley Dean Witter 5.230 05/01/2007 1,972,687.78 0.00 61745BVH7 3529 Morgan Stanley Dean Witter 5.220 05/01/2007 1,968,680.00 0.00 Subtotal 5,922,191.11 6,000,000.00 35,819,536.12 Federal Agency Disc.-Amortizing 313396MM2 3530 Federal Home Loan Mort Corp 5.060 05/09/2007 1,958,676.67 0.00 313396NG4 3532 Federal Home Loan Mort Corp 5.065 05/17/2007 1,955,540.56 0.00 313588NL5 3534 Fed.Nat'l Mort.Assoc. 5.090 05/31/2007 1,958,148.89 0.00 Subtotal 6,872,366.12 0.00 19,709,934.73 Treasury Discounts-Amortizing 912795A50 3526 United States Treasury Bills 4.800 05/01/2007 1,956,534.00 0.00 912795A68 3527 United States Treasury Bills 4.800 05/01/2007 1,954,666.00 0.00 912795B26 3533 United States Treasury Bills 4.695 05/17/2007 1,952,528.00 0.00 Subtotal 5,863,728.00 0.00 33,659,255.07 Portfolio CITY AP Run Date:06/29/2007-10:55 PM(PRF_PM3)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Activity By Type May 1, 2007 through May 31, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Total 32,768,285.23 23,100,000.00 243,815,224.44 Portfolio CITY AP Run Date:06/29/2007-10:55 PM(PRF_PM3)SymRept 6.41.202 City of HB Portfolio Management Page 4 Activity Summary May 2006 through May 2007 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 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 January 2007 95 219,934,932.02 4.609 4.673 5.156 17 11 722 401 February 2007 94 219,391,301.54 4.678 4.743 5.181 12 13 737 429 March 2007 91 215,541,134.27 4.702 4.767 5.214 11 14 729 417 April 2007 100 222,964,352.01 4.750 4.816 5.222 17 8 667 371 May 2007 105 242,517,495.45 4.801 4.867 5.248 10 5 634 342 Average 91 212,447,474.94 4.453% 4.515% 5.034 12 10 690 343 Portfolio CITY AP Run Date:06/29/2007-10:55 PM(PRF_PM4)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 5 Distribution of Investments By Type May 2006 through May 2007 May June July August September October November December January February March April May Average Security Type 2006 2006 2006 2006 2006 2006 2006 2006 2007 2007 2007 2007 2007 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 46.6 47.7 52.3 51.1 50.7 55.4 57.7 50.4 47.4 45.4 45.0 39.7 38.1 48.3% Local Agency Investment Funds 17.4 16.9 14.5 17.5 19.4 18.2 20.0 17.9 17.9 16.7 18.2 17.1 16.4 17.5% Treasury Securities-Coupon 10.8 10.8 10.8 10.1 10.2 11.3 9.1 8.6 10.7 10.1 9.3 8.6 7.4 9.8% Medium Term Notes 1.0 0.9 1.8 1.8 1.8 1.7 1.6 0.8% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 13.9 11.6 13.7 15.2 14.7 12.0 9.1 18.4 16.1 17.1 16.6 15.3 14.7 14.5% Federal Agency Disc.-Amortizing 4.9 6.7 2.9 1.0 2.0 1.0 1.0 2.8 2.7 1.8 0.9 5.9 8.1 3.2% Treasury Discounts-Amortizing 6.3 6.3 5.8 5.1 3.0 2.1 2.0 1.0 3.5 7.2 8.2 11.8 13.8 5.9% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:06/29/2007-10:55 PM(PRF_PM5)SymRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 5/31/2007 R!-A]w 6 1R g Ii ti i) N'(I/� KID„::,N I i<<• '3 r.�,,. A��''� : i :: a y'ax r'' .it '6i k F I F r "'x �I N § d r I j�: C Iit��i r i tt Nu4 d 4 N,^q � '�I�i �� United States Treasury: Bills $ 2,646,413,513.86 $ 2,679,018,000.00 NA Notes $ - $ - $ - Federal Agency: SBA $ 636,265,974.54 $ 630,739,907.54 $ 5,922,590.62 MBS $ , 878,693,009.61 $ 860,849,569.14 $ 4,067,324.09 Bonds $ 6,806,814,905.33 $ 6,792,902,602.90 $ 149,093,788.02 Floaters $ 644,914,631.52 $ 644,943,050.00 $ 3,881,659.93 Discount Notes $ 3,975,057,249.85 $ 4,055,930,000.00 NA FHLMC PC $ 517,052.86 $ 533,449.50 $ 8,392.70 GNMA $ 211,292.72 $ 233,666.23 $ 2,099.75 Bankers Acceptances $ - $ - NA Bank Notes $ 1,500,000,000.00 $ 1,499,768,716.00 $ 14,179,625.01 CDs $ 15,619,556,917.92 $ 15,616,983,980.11 $ 131,698,251.12 Commercial Paper $ 13,762,633,267.01 $ 13,869,206,814.72 NA Corporate: Floaters $ 254,076,875.07 $ 254,029,780.00 $ 2,501,235.33 Bonds $ 237,420,451.92 $ 236,614,657.13 $ 3,324,649.90 Repurchase Agreements $ - NA Reverse Repurchase $ (694,834,950.00) $ (694,834,950.00) $ (1,141,709.35) Time Deposits $ 8,656,995,000.00 $ 8,656,995,000.00 NA AB 55 &GF Loans $ 7,748,622,974.27 $ 7,748,622,974.27 NA TOTAL $ 62,673,358,166.48 $ 62,852,537,217.54 $ 313,537,907.12 Fair Value Including Accrued Interest $ 63,166,075,124.66 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 April 30,2007 Summary of investments by type Market Value Market Value Par Value Investment Type as of 3/31/07 as of 4/30/07 $5,710,460 Local Agency Investment Fund(LAIF) $7,071,814 $5,710,460 $0 Federal Agency Issues $0 $0 $13,189,825 Investment Agreements $8,236,249 $13,189,825 $2,697,545 Money Market Funds $2,790,075 $2,697,545 $0 US Treasury Securities $0 $0 $21,597,830 $18,098,138 $21,597,830 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 3/31/07 as of 4/30/07 $2,532,393 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,502,732 $2,532,393 $2,292,257 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $3,598,220 $2,292,257 $1,649,459 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,746,865 $1,649,459 $510,552 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $504,097 $510,552 $2,043,063 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,042,836 $2,043,063 $7,697,526 Huntington Beach PFA- 2001 Series B (1993 Civic Center&Police Administration Bldg. Refinance) $2,697,210 $7,697,526 $1,300,837 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,295,522 $1,300,837 $174,658 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $217,227 $174,658 $1,593,237 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,704,862 $1,593,237 $768,570 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $758,718 $768,570 $878,303 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $876,928 $878,303 $156,975 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $152,921 $156,975 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $21,597,830 $18,098,138 $21,597,830 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2007 Beginning Balance Contributions Distributions/ Earnings Other Ending (12-31-06) Transfers (change in value) Balance (03-31-07) ICMA Retirement Corporation (457 Plan) $24,300,305 $505,290 ($416,932) $307,700 ($1,131) $24,695,232 ICMA Retirement Corporation (401 Plan) $748,808 $29,143 ($25,641) $14,475 $0 $766,785 Nationwide Retirement Solutions (457 Plan) $54,361,852 $959,626 ($1,112,506) $855,587 ($150) $55,064,409 Total Deferred Compensation Plan Balances $79,410,965 $1,494,059 ($1,555,079) $1,177,762 ($1,281) $80,526,426 ATTAC H M E N T #4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA May Treasurer's Report FB 17, 1809.P , Shari L . Freidenrich , CPA, CCMT , CPFA July 16, 2007 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Financial Information: April May Inc./(Dec.) End of Month City Portfolio $233.769 $243.815 $10.046 End of Month Market Value $233. 112 $242.876 $9.764 Interest Earned for Month $0.884 $0.993 $0. 109 Earned Interest Yield Year to Date 4.65% 4.68% 0.03% Average Maturity ( in days) 371 342 (29) YTD Average Daily Balance $209.076 $213.342 $4.266 Summary by Type: May % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $92.844 38% None 719 4.46% LAIF (State Pool) $39.965 16% $40 million 1 5.25% U.S.Treasury Notes $17.987 7% None 362 4.32% Medium Term Notes $3.930 2% 20% 887 5.06% Discount Comm. Paper $35.820 15% 25% 35 5.36% Discount Federal Agy $19.710 8% None 103 5.25% Discount Treasury Note $33.559 14% None 96 5.06% Total $243.815 100% 342 4.87% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: May 2007 Investment Summary Report COUNCIL MEETING DATE: July 16, 2007 ENT 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 $5,000) 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 AVW 17, r Administrative Staff ( } Deputy City Administrator Initial City Administrator Initial ) City Clerk TEJ (Below Space For City Clerk's Use Only) , RCA Author: SLF r CITY OF HUNTINGTON BEACH INTERDEPARTMENTAL COMMUNICATION 4 CITY TREASURER'S DEPARTMENT TO: Joan Flynn, City Clerk FROM: Shari L. Freidenrich, cPA, City Treasure DATE: July 16, 2007 SUBJECT: LATE COMMUNICATION —AGENDA ITEM C-3 The PowerPoint at C-3A.21 includes an error in the Council presentation date. This memorandum transmits the corrected PowerPoint page with the correct Council presentation date. SLF/lne Attachment Treasurer's Report - Shari L. Freidenrich, _CPA, CCMT, CPFA May port 1 Fte' idenrich , CPA CCMT,Shari L . CPFA August 6, 2007 J Council/Agency Meeting Held: Deferred/Continued to: )iApproveo ` ❑ o ditionally Approved 2dd0 enied .S�.�t10City e 's gnatur Council Meeting Date: 7/02/2007 Department I Number: CT07-10 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S APRIL 2007 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 2007, 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 April 2007, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 7/02/2007 DEPARTMENT ID NUMBER: CT07-10 Analysis: Not Applicable. Strategic Plan Goal: Not Applicable -Administrative Action Environmental Status: Not Applicable. Attachment(s): City Clerk's Page Number NO. Description Monthly Investment Report and Summary of Investments for April 2007 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. April 2007 PowerPoint Presentation -2- 6/5/2007 11:17 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for April 2007 City Investment Portfolio: March April Inc./(Dec.) End of month City Portfolio Balance $215,353,634 $233,768,720 $18,415,086 End of month General Fund Balance $36,003,592 $46,400,346 $10,396,754 Monthly Effective Rate of Return 4.72% 4.82% 0.10% Average Maturity( in days) 417 371 (46) End of Month Market Value $214,627,668 $233,111,817 $18,484,149 End of month bank cash balance $5,079,798 $2,994,701 ($2,085,097) Bond Proceeds Investments:* January February Inc./(Dec.) End of Month Bond Reserve Par Value $19,962,923 $20,312,000 $349,077 End of Month Bond Reserve Market Value $19,962,923 $20,312,000 $349,077 Deferred Compensation Investments:** December March Inc./(Dec.) Participant Balances $79,410,954 $80,526,426 $1,115,472 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $450,000 $883,662 $433,662 Interest Earned Year to Date $3,150,000 $5,641,098 $2,491,098 Earned Interest Yield Year to Date 4.25% 4.65% 0.40% *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. April %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $92,844,251 40% None 747 4.41% Local Agency Inv. Fund (LAIF) $39,964,770 17% $40 million 1 5.22% Treasury Securities-Coupon $19,983,808 8% None 355 4.21% Medium Term Notes $3,927,925 2% 20% 918 5.06% Commercial Paper Disc. -Amortizing $35,725,474 15% 25% 53 5.35% Federal Agency Disc. -Amortizing $13,765,460 6% None 119 5.24% Treasury Discounts-Amortizing $27,557,032 12% None 116 5.08% $233,768,720 100% 371 4.82% City of HB Portfolio Management Portfolio Summary April 30, 2007 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 92,850,000.00 92,213,008.00 92,844,251.04 39.72 1,347 747 4.353 4.414 Local Agency Investment Funds 39,964,769.54 39,964,769.54 39,964,769.54 17.10 1 1 5.150 5.222 Treasury Securities-Coupon 20,000,000.00 19,955,540.00 19,983,807.70 8.55 829 355 4.149 4.207 Medium Term Notes 4,000,000.00 3,924,300.00 3,927,925.32 1.68 1,057 918 4.988 5.057 Commercial Paper Disc.-Amortizing 36,000,000.00 35,724,450.00 35,725,473.89 15.28 98 53 5.279 5.352 Federal Agency Disc.-Amortizing 14,000,000.00 13,765,200.00 13,765,460.56 5.89 134 119 5.169 5.241 Treasury Discounts-Amortizing 28,000,000.00 27,564,549.44 27,557,031.68 11.79 170 116 5.012 5.082 234,814,769.54 233,111,816.98 233,768,719.73 100.00% 667 371 4.750 4.816 Investments Cash and Accrued Interest Accrued Interest at Purchase 128,034.45 128,034.45 Subtotal 128,034.45 128,034.45 Total Cash and Investments 234,814,769.54 233,239,851.43 233,896,754.18 667 371 4.750 4.816 Total Earnings April 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 883,662.34 5,641,097.78 Current Budget 450,000.00 3,150,000.00 5,400,000.00 Last Year Actual 645,631.00 4,017,334.00 7,728,428.00 Average Daily Balance 222,964,352.01 209,075,748.54 Effective Rate of Return 4.82% 4.65% 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. (2% L. FREID RICH,CITY TREASURER Reporting period 04/0112007-04/30/2007 Portfolio CITY AP Run Date:05/10/2007-11:50 PM(PRF_PM1)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments April 30, 2007 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 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 985,000.00 1,000,000.00 3.500 AAA 3.500 350 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,972,500.00 2,000,000.00 4.000 AAA 4.000 546 10/28/2008 31331SGH0 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,970,620.00 2,000,000.00 4.000 AAA 4.000 594 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,984,380.00 2,000,000.00 3.700 AAA 3.700 185 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,984,380.00 1,999,195.55 4.620 AAA 4.642 734 05/04/2009 31331SXVO 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,983,120.00 2,000,000.00 4.450 AAA 4.450 573 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,971,880.00 2,000,000.00 4.480 AAA 4.480 1,147 06/21/2010 31331VR32 3408 Federal Farm Credit Bank 07/19/2006 2,000,000.00 2,001,260.00 2,000,000.00 5.500 AAA 5.500 79 07/19/2007 31331XAK8 3430 Federal Farm Credit Bank 10/16/2006 2,000,000.00 1,998,760.00 2,000,000.00 5.250 AAA 5.250 1,081 04/16/2010 31331XHPO 3452 Federal Farm Credit Bank 12/14/2006 2,000,000.00 1,994,380.00 2,000,000.00 5.250 AAA 5.250 1,323 12/14/2010 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,962,500.00 2,000,000.00 3.020 AAA 3.020 342 04/07/2008 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,960,000.00 2,000,000.00 3.320 AAA 3.320 454 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,950,000.00 2,000,000.00 2.900 AAA 2.900 455 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,825,728,00 1,850,000.00 4.000 AAA 4.000 517 09/29/2008 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,990,000.00 2,000,000.00 2.800 AAA 2.801 76 07/16/2007 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,984,380.00 2,000,000.00 3.260 AAA 3.260 150 09/28/2007 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,998,120.00 2,000,000.00 4.010 AAA 4.010 24 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 5.100 150 09/28/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 2,005,000.00 2,000,000.00 5.500 AAA 5.500 1,284 11/05/2010 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,011,260.00 2,000,000.00 5.700 AAA 5.700 1.577 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 2,005,000.00 2,000,000.00 5.430 AAA 5.430 1,605 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,013,760.00 2,000,000.00 5.300 AAA 5.300 1,598 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,005,000.00 2,000,000.00 4.250 AAA 4.250 917 11/03/2009 3133XHV41 3442 Federal Home Loan Bank 11/21/2006 2,000,000.00 1,998,120.00 2,000,000.00 5.200 AAA 5.200 204 11/21/2007 3133XHWH1 3443 Federal Home Loan Bank 11/24/2006 2,000,000.00 1,998,760.00 2,000,000.00 5.150 AAA 5.150 115 08/24/2007 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2,000,000.00 1,997,500.00 2,000,000.00 5.150 AAA 5.150 1,172 07/16/2010 3133XJSG4 3483 Federal Home Loan Bank 01/29/2007 2,000,000.00 2,000,000.00 2,000,000.00 5.200 AAA 5.200 120 08/29/2007 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2,006,260.00 2,000,000.00 5.300 AAA 5.300 1,564 08/12/2011 3133XKC37 3504 Federal Home Loan Bank 03/23/2007 2,000,000.00 2,000,620.00 2,000,000.00 5.250 AAA 5.250 126 09/04/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,952,480,00 2,000,000.00 3.000 AAA 3.000 448 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,968,640.00 2,000,000.00 3.000 AAA 3.000 267 01/23/2008 3128X31)91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,970,840.00 2,000,000.00 3.560 AAA 3.560 360 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,967,120.00 2,000,000.00 4.125 AAA 4.125 932 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,970,000.00 2,000,000.00 3.600 AAA 3.600 387 05/22/2008 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 1,997,380.00 1,998,227.78 5.250 AAA 5.273 1,619 10/06/2011 3128X5QK7 3446 Federal Home Loan Mort Corp 11/28/2006 2,000,000.00 1,997,940.00 2,000,000.00 5.500 AAA 5.500 1,672 11/28/2011 Portfolio CITY AP Run Date:05/10/2007-11:50 PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments April 30, 2007 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 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2,000,000.00 1,994,020.00 2,000,000.00 5.050 AAA 5.050 962 12/18/2009 3128X5TD0 3460 Federal Home Loan Mort Corp 12/26/2006 2,000,000.00 1,996,900.00 2,000,000.00 5.100 AAA 5.100 605 12/26/2008 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 1,997,120.00 2,000,000.00 5.250 AAA 5.250 1,703 12/29/2011 3128X5PT9 3468 Federal Home Loan Mort Corp 01/05/2007 2,000,000.00 1,999,120.00 1,999,822.42 5.250 AAA 6.251 934 11/20/2009 3128X5WH7 3486 Federal Home Loan Mort Corp 02/05/2007 2,000,000.00 1,998,760.00 1,998,096.96 5.550 AAA 5.572 1,714 01/09/2012 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,954,380.00 2,000,000.00 3.610 AAA 3.610 699 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,961,880.00 1,998,908.33 3.250 AAA 2.052 400 06/04/2008 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 1,970,000.00 2,000,000.00 4.250 AAA 4.250 882 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,971,880.00 2,000,000.00 3.700 AAA 3.700 388 05/23/2008 3136F61369 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,983,120.00 2,000,000.00 3.700 AAA 3.080 202 11/19/2007 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 10/27/2006 2,000,000.00 2,003,760.00 2,000,000.00 5.375 AAA 5.375 1,640 10/27/2011 Subtotal and Average 95,377,492.69 92,850,000.00 92,213,008.00 92,844,251.04 4.414 747 Local Agency Investment Funds SYS982 982 Laif City 19,474,175.19 19,474,175.19 19,474,175.19 5.222 NR 5.222 1 SYS2206 2206 LAIF-Redevelopment Agency 20,490,594.35 20,490.594.35 20,490,594.35 5.222 NR 5.222 1 Subtotal and Average 38,660,695.67 39,964,769.54 39,964,769.54 39,964,769.54 5.222 1 Treasury Securities-Coupon 912828CG3 3235 US Treasury Notes 05/17/2004 2,000,000.00 1,998,440.00 1,999,945.48 3.125 AAA 3.195 14 05/15/2007 91282BANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,978,900.00 1,995,160.61 3.000 AAA 3.473 198 11/15/2007 91282BANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,978,900.00 1,999,382.31 3.000 AAA 3.060 198 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,986,960.00 1,998,389.76 2.750 AAA 3.034 106 08/15/2007 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,012,900.00 2,001,275.91 4.875 AAA 4.834 837 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 1,995,860.00 1,992,318.96 4.625 AAA 4.909 518 09/30/2008 912828EF3 3470 US Treasury Notes 01/05/2007 2,000,000.00 1,993,280.00 1,993,352.15 4.000 AAA 5.019 122 08/31/2007 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 2,003,120.00 2,002,073.26 4.875 AAA 4.795 549 10/31/2008 912828FM7 3476 US Treasury Notes 01/17/2007 2,000,000.00 2,004,060.00 2,001,909.26 5.000 AAA 4.883 457 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 2,003,120.00 2,000,000.00 4.875 AAA 4.867 549 10/31/2008 Subtotal and Average 19,982,263.66 20,000,000.00 19,965,540.00 19,983,807.70 4.207 356 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 1,948,380.00 1,946,413.75 4.200 Aaa 5.023 1,324 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 1,975,920.00 1,981,511.57 4.400 Aal 5.090 519 10/01/2008 Subtotal and Average 3,926,803.81 4,000,000.00 3,924,300.00 3,927,925.32 5.067 918 Portfolio CITY AP Run Date:05/10/2007-11:50 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page Portfolio Details - Investments April 30, 2007 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 60406BSV2 3498 Minn.Mng&Mfg(3M) 03/07/2007 2,000,000.00 1,991,840.00 1,991,957.78 5.170 P-1 5.305 28 05/29/2007 60406BTU3 3499 Minn.Mng&Mfg(3M) 03/14/2007 2,000,000.00 1,983,120.00 1,983,341.11 5.170 P-1 5.323 58 06/28/2007 60406BT82 3502 Minn.Mng&Mfg(3M) 03/20/2007 2,000,000.00 1,988,940.00 1,989,043.33 5.190 P-1 5.323 38 06/08/2007 02581SS93 3490 American Express 02/09/2007 2.000,000.00 1,997,660.00 1,997,693.33 5.190 P-1 5.330 8 05/09/2007 17307SUL4 3481 Citigroup Global 01/25/2007 2,000,000.00 1,976,800.00 1,976,888.89 5.200 P-1 5.410 80 07/20/2007 17307STN2 3505 Citigroup Global 03/27/2007 2,000,000.00 1,984,860.00 1,984,920.00 5.220 P-1 5.360 52 06/22/2007 17307STR3 3506 Citigroup Global 03/28/2007 2,000,000.00 1,983,980.00 1,984,019.45 5.230 P-1 5.372 55 06/25/2007 17307SUWO 3513 Citigroup Global 04/13/2007 2,000,000.00 1,973,850.00* 1,973,850.00 5.230 P-1 5.387 90 07/30/2007 17307SVE9 3515 Citigroup Global 04/19/2007 2,000,000.00 1,969,660.00 1,969,491.67 5,230 P-1 5.394 105 08/14/2007 36959JU68 3489 General Electric Capital Corp 02/08/2007 2,000,000.00 1,980,860.00 1,981,006.67 5.180 P-1 5.366 66 07/06/2007 36959JSBO 3493 General Electric Capital Corp 02/21/2007 2,000,000.00 1,997,080.00 1,997,116.67 5.190 P-1 5.323 10 05/11/2007 36959JT86 3520 General Electric Capital Corp 04/20/2007 2,000,000.00 1,988,940.00 1,989,022.22 5.200 P-1 5.310 38 06/08/2007 45974NTF3 3503 Internation Lease Fin.Corp. 03/22/2007 2,000,000.00 1,986,900.00 1,987,025.00 5.190 A1131 5.327 45 06/15/2007 24422MVA6 3492 John Deere Capital 02/21/2007 2,000,000.00 1,970,820.00 1,970,822.22 5.200 P-1 5.405 101 08/10/2007 24422MT76 3497 John Deere Capital 03/07/2007 2,000,000.00 1,989,220.00 1,989,290.56 5.210 P-1 5.354 37 06/07/2007 24422MT68 3500 John Deere Capital 03/15/2007 2,000,000.00 1,989,520.00 1,989,560.00 5.220 P-1 5,357 36 06/06/2007 81989DT14 3516 Sharp Electronics Corp. 04/19/2007 2,000,000.00 1,990,980.00 1,990,975.55 5.240 A1131 5.346 31 06/01/2007 82619UUB8 3517 Siemens Capital 04/19/2007 2,000,000.00 1,979,420.00 1,979,449.44 5.210 P-1 5,347 71 07/11/2007 Subtotal and Average 36,044,552.65 36,000,000.00 35,724,450.00 35,725,473.89 5.352 53 Federal Agency Disc.-Amortizing 313396LV3 3509 Federal Home Loan Mort Corp 04/09/2007 2,000,000.00 1,960,800.00 1,961,002.78 5.050 AAA 5.238 139 09/17/2007 313396LP6 3514 Federal Home Loan Mort Corp 04/19/2007 2,000,000.00 1,962,600.00 1,962,538.33 5.070 AAA 5.248 133 09/11/2007 313396MC4 3524 Federal Home Loan Mort Corp 04/30/2007 2,000,000.00 1,958,800.00 1,959,038.89 5.050 AAA 5.228 146 09/24/2007 313588JV8 3507 Fed.Nat'l Mort.Assoc. 03/28/2007 2,000,000.00 1,974,200.00 1,974,368.34 5.070 AAA 5.233 91 07/31/2007 313588ME2 3512 Fed.Nat'l Mort.Assoc. 04/13/2007 2,000,000.00 1,958,400.00 1,958,313.33 5.070 AAA 5.263 148 09/26/2007 313588KC8 3518 Fed.Nat'l Mort.Assoc. 04/20/2007 2,000,000.00 1,972,400.00 1,972,342.22 5.080 AAA 5.231 98 08/07/2007 313588JG1 3519 Fed.Nat'l Mort.Assoc. 04/20/2007 2,000,000,00 1,978,000.00 1,977,856.67 5.110 AAA 5.247 78 07/18/2007 Subtotal and Average' 6,876,809.45 14,000,000.00 13,765,200.00 13,765,460.56 5.241 119 Treasury Discounts-Amortizing 912795ZP9 3472 United States Treasury Bills 01/08/2007 2,000,000.00 1,982,820.00 1,982,377.70 4.880 AAA 5.070 65 07/05/2007 912795ZR5 3478 United States Treasury Bills 01/18/2007 2,000,000.00 1,979,160.00 1,978,340.98 4.935 AAA 5.132 79 07/19/2007 912795ZS3 3479 United States Treasury Bills 01/25/2007 2,000,000.00 1,977,380.00 1,976,301.80 4.960 AAA 5.158 86 07/26/2007 912795ZT1 3485 United States Treasury Bills 02/05/2007 2,000,000.00 1,975,280.00 1,974,425.00 4.950 AAA 5.145 93 08/02/2007 912795ZUB 3488 United States Treasury Bills 02/08/2007 2,000,000.00 1,973,380.00 1,972,556.04 4.940 AAA 5.137 100 08/09/2007 Portfolio CITY AP Run Date:05/10/2007-11:50 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 5 Portfolio Details - Investments April 30, 2007 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 912795ZW4 3495 United States Treasury Bills 02/22/2007 2,000,000.00 1,969,520.00 1,968,681.67 4.945 AAA 5.142 114 08/23/2007 912795ZV6 3496 United States Treasury Bills 02/22/2007 2,000,000.00 1,971,500.00 1,970,634.44 4.940 AAA 5.132 107 08/16/2007 912795ZZ7 3501 United States Treasury Bills 03/20/2007 2,000,000.00 1,963,960.00 1,963,174.75 4.910 AAA 5.101 135 09/13/2007 912795ZYO 3508 United States Treasury Bills 04/03/2007 2,000,000.00 1,965,369.44 1,965,369.44 4.870 AAA 5.044 128 09/06/2007 912795A35 3510 United States Treasury Bills 04/10/2007 2,000,000.00 1,960,100.00 1,959,687.61 4.870 AAA 5.054 149 09/27/2007 912795A43 3511 United States Treasury Bills 04/10/2007 2,000,000.00 1,958,220.00 1,957,706.66 4.880 AAA 5.069 156 10/04/2007 912795ZX2 3521 United States Treasury Bills 04/20/2007 2,000,000.00 1,967,660.00 1,967,564.67 4.825 AAA 4.980 121 08/30/2007 912795A27 3522 United States Treasury Bills 04/20/2007 2,000,000.00 1,961,980.00 1,961,897.59 4.830 AAA 5.000 142 09/20/2007 912795A43 3523 United States Treasury Bills 04/30/2007 2,000,000.00 1,958,220.00 1,958,313.33 4.810 AAA 4.981 156 10/04/2007 Subtotal and Average 22,095,734.07 28,000,000.00 27,564,549.44 27,557,031.68 5.082 116 Total and Average 222,964,352.01 234,814,769.54 233,111,816.98 233,768,719.73 4.816 371 Portfolio CITY AP Run Date:05/10/2007-11:50 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 6 Portfolio Details - Cash April 30, 2007 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 128,034.45 128,034.45 0 Subtotal 128,034.45 128,034.45 Total Cash and Investmentss 222,964,352.01 234,814,769.54 233,239,851.43 233,896,754.18 4.816 371 Portfolio CITY AP Run Date:05/10/2007-11:50 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 7 Y Type ActivityB T e April 1, 2007 through April 30, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331XAE2 3428 Federal Farm Credit Bank 5.200 04/13/2007 0.00 2,000,000.00 3133X5ZU5 3226 Federal Home Loan Bank 3.070 04/27/2007 0.00 2,000,000.00 Subtotal 0.00 4,000,000.00 92,844,251.04 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 5.222 13,373,243.86 12,900,000.00 SYS2206 2206 LAIF-Redevelopment Agency 5.222 257,774.14 0.00 Subtotal 13,631,018.00 12,900,000.00 39,964,769.64 Treasury Securities-Coupon Subtotal 19,983,807.70 Medium Term Notes Subtotal 3,927,926.32 Commercial Paper Disc.-Amortizing 02581SRD5 3484 American Express 5.200 04/13/2007 0.00 2,000,000.00 17307SRD6 3482 Citigroup Global 5.240 04/13/2007 0.00 2,000,000.00 17307SUWO 3513 Citigroup Global 5.230 04/13/2007 1,968,620.00 0.00 17307SVE9 3515 Citigroup Global 5.230 04/19/2007 1,966,005.00 0.00 36959JT86 3520 General Electric Capital Corp 5.200 04/20/2007 1,985,844.44 0.00 45974NRW8 3491 Internation Lease Fin.Corp. 5.200 04/30/2007 0.00 2,000,000.00 45974NRW8 3494 Intemation Lease Fin.Corp. 5.200 04/30/2007 0.00 2,000,000.00 61745BR90 3455 Morgan Stanley Dean Witter 5.220 04/09/2007 0.00 2,000,000.00 81989DT14 3516 Sharp Electronics Corp. 5.240 04/19/2007 1,987,482.22 0.00 826191JUB8 3517 Siemens Capital 5.210 04/19/2007 1,975,976.11 0.00 Subtotal 9,883,927.77 10,000,000.00 35,725,473.89 Federal Agency Disc.-Amortizing 313396LV3 3509 Federal Home Loan Mort Corp 5.050 04/09/2007 1,954,830.56 0.00 313396LP6 3514 Federal Home Loan Mort Corp 5.070 04/19/2007 1,959,158.33 0.00 313396MC4 3524 Federal Home Loan Mort Corp 5.050 04/30/2007 1,958,758.33 0.00 313588ME2 3512 Fed.Nat'l Mort.Assoc. 5.070 04/13/2007 1,953,243.33 0.00 313588KC8 3518 Fed.Nat'l Mort.Assoc. 5.080 04/20/2007 1,969,237.78 0.00 313588JG1 3519 Fed.Nat'l Mort.Assoc. 5.110 04/20/2007 1,974,733.89 0.00 Portfolio CITY AP Run Date:05/10/2007-11:50 PM(PRF_PM3)SynnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 8 Activity By Type April 1, 2007 through April 30, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Subtotal 11,769,962.22 0.00 13,765,460.56 Treasury Discounts-Amortizing 912795ZA2 3471 United States Treasury Bills 4.905 04/05/2007 0.00 2,000,000.00 912795ZYO 3508 United States Treasury Bills 4.870 04/03/2007 1,957,794.00 0.00 912795A35 3510 United States Treasury Bills 4.870 04/10/2007 1,954,006.00 0.00 912795A43 3511 United States Treasury Bills 4.880 04/10/2007 1,952,013.33 0.00 912795ZX2 3521 United States Treasury Bills 4.825 04/20/2007 1,964,616.00 0.00 912795A27 3522 United States Treasury Bills 4.830 04/20/2007 1,958,946.00 0.00 912795A43 3523 United States Treasury Bills 4.810 04/30/2007 1,958,046.11 0.00 Subtotal 11,745,421.44 2,000,000.00 27,557,031.68 Total 47,030,329.43 28,900,000.00 233,768,719.73 Portfolio CITY AP Run Date:05/10/2007-11:50 PM(PRF_PM3)SymRept 6.41.202 City of HB Portfolio Management Page 9 Activity Summary April 2006 through April 2007 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 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 January 2007 95 219,934,932.02 4.609 4.673 5.156 17 11 722 401 February 2007 94 219,391,301.54 4.678 4.743 5.181 12 13 737 429 March 2007 91 215,541,134.27 4.702 4.767 5.214 11 14 729 417 April 2007 100 222,964,352.01 4.750 4.816 5.222 17 8 667 371 Average 90 209,192,655.87 4.383% 4.444% 4.961 12 10 691 339 Portfolio CITY AP Run Date:05/10/2007-11:50 PM(PRF_PM4)SymRept 6,41.202 Report Ver.5.00 City of HB Portfolio Management Page 10 Distribution of Investments By Type April 2006 through April 2007 April May June July August September October November December January February March April Average Security Type 2006 2006 2006 2006 2006 2006 2006 2006 2006 2007 2007 2007 2007 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 49.0 46.6 47.7 52.3 51.1 50.7 55.4 57.7 50.4 47.4 45.4 45.0 39.7 49.1% Local Agency Investment Funds 18.8 17.4 16.9 14.5 17.5 19.4 18.2 20.0 17.9 17.9 16.7 18.2 17.1 17.7% Treasury Securities-Coupon 11.5 10.8 10.8 10.8 10.1 10.2 11.3 9.1 8.6 10.7 10.1 9.3 8.6 10.1% Medium Term Notes 0.5 1.0 0.9 1.8 1.8 1.8 1.7 0.7% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 10.0 13.9 11.6 13.7 15.2 14.7 12.0 9.1 18.4 16.1 17.1 16.6 15.3 14.1% Federal Agency Disc.-Amortizing 3.4 4.9 6.7 2.9 1.0 2.0 1.0 1.0 2.8 2.7 1.8 0.9 5.9 2.9% Treasury Discounts-Amortizing 6.7 6.3 6.3 5.8 5.1 3.0 2.1 2.0 1.0 3.5 7.2 8.2 11.8 5.3% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:05/10/2007-11:50 PM(PRF_PM5)SymRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 4/30/2007 � r fi {tC In CS sttP1 'Do,3`da 4 ` Des"criptlan�u � zccr�e e tt h ,�"x � FalrVate� 'aw�. crued !? esir United States Treasury: Bills $ 4,412,782,430.50 $ 4,464,845,000.00 NA Notes $ - $ - $ - Federal Agency: SBA $ 657,120,829.09 $ 651,338,752.21 $ 6,116,486.37 MBS $ 892,509,744.89 $ 884,006,082.06 $ 4,131,493.20 Bonds $ 6,464,555,388.91 $ 6,462,534,347.60 $ 163,116,766.76 Floaters $ 645,091,614.85 $ 644,930,250.00 $ 1,920,374.06 Discount Notes $ 4,763,426,847.19 $ 4,859,230,000.00 NA FHLMC PC $ 562,822.69 $ 584,161.87 $ 9,177.86 GNMA $ 214,323.09 $ 238,415.51 $ 2,129.88 Bankers Acceptances $ - $ - NA Bank Notes $ 1,760,000,000.00 $ 1,759,808,078.40 $ 11,397,838.89 CDs $ 15,999,555,459.61 $ 15,997,467,828.88 $ 120,765,681.13 Commercial Paper $ 13,064,934,435.10 $ 13,143,328,985.69 NA Corporate: Floaters $ 224,180,952.85 $ 224,033,410.00 $ 1,654,786.74 Bonds $ 291,839,967.32 $ 291,417,271.50 $ 4,055,182.64 Repurchase Agreements $ - NA Reverse Repurchase $ (596,293,700.00) $ (596,293,700.00) $ (2,583,821.81) Time Deposits $ 8,550,495,000.00 $ 8,550,495,000.00 NA AB 55 &GF Loans $ 7,378,750,529.61 $ 7,378,750,529.61 NA TOTAL $ 64,509,726,645.70 $ 64,716,714,413.33 $ 310,586,095.72 Fair Value Including Accrued Interest $ 65,027,300,509.05 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 February 28,2007 Summary of investments by type Market Value Market Value Par Value Investment Type as of 1/31/07 as of 2/28/07 $7,098,231 Local Agency Investment Fund (LAIF) $7,174,666 $7,098,231 $0 Federal Agency Issues $0 $0 $8,190,455 Investment Agreements $8,238,288 $8,190,455 $5,023,314 Money Market Funds $4,549,969 $5,023,314 $0 US Treasury Securities $0 $0 $20,312,000 $19,962,923 $20,312,000 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 1/31/07 as of 2/28/07 $2,501,802 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $3,436,849 $2,501,802 $4,274,181 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $3,569,095 $4,274,181 $1,746,506 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $2,145,402 $1,746,506 $675,078 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $526,045 $675,078 $2,709,308 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,047,089 $2,709,308 $2,696,929 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $3,159,033 $2,696,929 $1,769,073 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,287,548 $1,769,073 $177,050 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $177,455 $177,050 $1,979,174 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,642,714 $1,979,174 $758,717 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $948,110 $758,717 $875,692 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $874,335 $875,692 $148,490 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $149,247 $148,490 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $20,312,000 $19,962,923 $20,312,000 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2007 Beginning Balance Contributions Distributions/ Earnings Other Ending (12-31-06) Transfers (change in value) Balance (03-31-07) ICMA Retirement Corporation (457 Plan) $24,300,305 $505,290 ($416,932) $307,700 ($1,131) $24,695,232 ICMA Retirement Corporation (401 Plan) $748,808 $29,143 ($25,641) $14,475 $0 $766,785 Nationwide Retirement Solutions (457 Plan) $54,361,852 $959,626 ($1,112,506) $855,587 ($150) $55,064,409 Total Deferred Compensation Plan Balances $79,410,965 $1,494,059 ($1,555,079) $1,177,762 ($1,281) $80,526,426 ATTAC H M E N T #4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA April Treasurer's Report it Shari L. Freidenrich , CPA, CCMT, CPFA July 2, 2007 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Financial Information: March April Inc./(Dec.) End of Month City Portfolio $215.354 $233.769 $18.415 End of Month Market Value $214.628 $233.112 $18.484 Interest Earned for Month $0.864 $0.884 $0.020 Earned Interest Yield Year to Date 4.61 % 4.65% 0.04% Average Maturity ( in days) 417 371 (46) YTD Average Daily Balance $206.786 $209.076 $2.290 Summary by Type: April % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $92.844 40% None 747 4.41% LAW (State Pool) $39.965 17% $40 million 1 5.22% U.S.Treasury Notes $19.984 8% None 355 4.21% Medium Term Notes $3.928 2% 20% 918 5.06% Discount Comm. Paper $35.726 15% 25% 53 5.35% Discount Federal Agy $13.765 6% None 119 5.24% Discount Treasury Note $27.557 12% None 116 5.08% Total $233.769 100% 371 4.82% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: April 2007 Investment Summary Report COUNCIL MEETING DATE: July 2, 2007 ATTA, H � T, y TAT;U , 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 $5,000) 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�'EM :� ED F R1CI „° .... , . Administrative Staff ( ) Deputy City Administrator (Initial) ) City Administrator (Initial) } ( } City Clerk ( ) EX L, ATCdt .. ,. RNt}Er47 i� r Only)(Below Space For City Clerk's Use RCA Author: SLF ,r-�f, Council/Agency Meeting Held: dr Deferred/Continued to: �Appr ved ❑ Conditionally Approved ❑ Denied C' ler s Sign e Council Meeting Date: 5/7/2007 Departme D Number: CT07-09 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR "' SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MARCH 2O07 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 March 2007, 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 March 2007, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 5/7/2007 DEPARTMENT ID NUMBER: CT07-09 Analysis: Not Applicable. Strategic Plan Goal: Not Applicable -Administrative Action Environmental Status: Not Applicable. Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for March 2007 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. March 2007 PowerPoint Presentation -2- 4/24/2007 8:29 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for March 2007 City Investment Portfolio: February March Inc./(Dec.) End of month City Portfolio Balance $217,839,545 $215,353,634 ($2,485,911) End of month General Fund Balance $40,629,210 $36,003,592 ($4,625,618) Monthly Effective Rate of Return 4.91% 4.72% -0.19% Average Maturity ( in days) 429 417 (12) End of Month Market Value $217,081,010 $214,627,668 ($2,453,342) End of month bank cash balance $3,651,135 $5,079,798 $1,428,663 Bond Proceeds Investments:* December January Inc./(Dec.) End of Month Bond Reserve Par Value $17,927,462 $19,962,924 $2,035,462 End of Month Bond Reserve Market Value $17,927,462 $19,962,924 $2,035,462 Deferred Compensation Investments:** December March Inc./(Dec.) Participant Balances $79,410,954 $80,526,426 $1,115,472 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $450,000 $863,969 $413,969 Interest Earned Year to Date $2,700,000 $4,757,435 $2,057,435 Earned Interest Yield Year to Date 4.25% 4.61% 0.36% *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation Statements are issued quarterly. i Summary by Individual Investment in City Investment Portfolio: Days YTM Int. March % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $96,844,061 45% None 764 4.40% Local Agency Inv. Fund (LAIF) $39,233,751 18% $40 million 1 5.21% Treasury Securities-Coupon $19,980,613 9% None 385 4.21% Medium Term Notes $3,925,605 2% 20% 948 5.06% Commercial Paper Disc. -Amortizing $35,684,050 17% 25% 61 5.35% Federal Agency Disc. -Amortizing $1,965,918 1% None 121 5.23% Treasury Discounts -Amortizing $17,719,636 8% None 113 5.12% $215,353,634 100% 417 4.77% City of HB Portfolio Management Portfolio Summary March 31, 2007 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 96,850,000.00 96,148,536.00 96,844,061.36 44.97 1,336 764 4.342 4.402 Local Agency Investment Funds 39,233,751.54 39,233,751.54 39,233,751.54 18.22 1 1 5.143 5.214 Treasury Securities-Coupon 20,000,000.00 19,944,360.00 19,980,613.12 9.28 830 385 4.149 4.207 Medium Term Notes 4,000,000.00 3,920,840.00 3,925,604.95 1.82 1,057 948 4.988 5.057 Commercial Paper Disc.-Amortizing 36,000,000.00 35,688,500.00 35,684,049.43 16.57 99 61 5.277 5.350 Federal Agency Disc.-Amortizing 2,000,000.00 1,966,200.00 1,965,918.34 0.91 125 121 5.161 5.233 Treasury Discounts-Amortizing 18,000,000.00 17,725,480.00 17,719,635.72 8.23 169 113 5.047 5.117 216,083,751.54 214,627,667.54 215,353,634.46 100.00% 729 417 4.702 4.767 Investments Cash and Accrued Interest Accrued Interest at Purchase 176,671.43 176,671.43 Subtotal 176,671.43 176,671.43 Total Cash and Investments 216,083,751.54 214,804,338.97 215,530,305.89 729 417 4.702 4.767 Total Earnings March 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 863,968.75 4,757,435.44 Current Budget 450,000.00 2,700,000.00 5,400,000.00 Last Year Actual 622,409.00 3,371,703.00 7,728,428.00 Average Daily Balance 215,541,134.27 206,786,418.30 Effective Rate of Return 4.72% 4.61% 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. 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. 23-0 SHAfZrL. FREIDENRI H,CITY TREASURER Reporting period 03/0112007-03/31/2007 Portfolio CITY AP Run Date:04/16/2007-10:39 PM(PRF PM1)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments March 31, 2007 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 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 984,380.00 1,000,000.00 3.500 AAA 3.500 380 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,971,880.00 2,000,000.00 4.000 AAA 4.000 576 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,969,380.00 2,000,000.00 4.000 AAA 4.000 624 12/15/2008 31331SM66 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,982,500.00 2,000,000.00 3.700 AAA 3.700 215 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,981.880.00 1,999,162.17 4.620 AAA 4.642 764 05/04/2009 31331SXV0 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,981,880.00 2,000,000.00 4.450 AAA 4.450 603 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,970,000.00 2,000,000.00 4.480 AAA 4.480 1,177 06/21/2010 31331VR32 3408 Federal Farm Credit Bank 07/19/2006 2,000,000.00 2,001,260.00 2,000,000.00 5.500 AAA 5.500 109 07/19/2007 31331XAE2 3428 Federal Farm Credit Bank 10/13/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.200 AAA 5.200 926 10/13/2009 31331XAK8 3430 Federal Farm Credit Bank 10/16/2006 2,000,000.00 1,998,120.00 2,000,000.00 5.250 AAA 5.250 1,111 04/16/2010 31331XHPO 3452 Federal Farm Credit Bank 12/14/2006 2,000,000.00 1,992,500.00 2,000,000.00 5.250 AAA 5.250 1,353 12/14/2010 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,960,000.00 2,000,000.00 3.020 AAA 3.020 372 04/07/2008 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,958.760.00 2,000,000.00 3.320 AAA 3.320 484 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,947,500.00 2,000,000.00 2.900 AAA 2.900 485 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,825,136.00 1,850,000.00 4.000 AAA 4.000 547 09/29/2008 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,986,260.00 2,000,000.00 2.800 AAA 2.801 106 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,996,880.00 2,000,000.00 3.070 AAA 3.070 26 04/27/2007 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,980,620.00 2,000,000.00 3.260 AAA 3.260 180 09/28/2007 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,996,260.00 2,000,000.00 4.010 AAA 4.010 54 05/25/2007 3133XEXU8 3365 Federal Home Loan Bank 03/28/2006 2,000,000.00 1,998,760.00 2,000,000.00 5.100 AAA 5.100 180 09/28/2007 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 1,314 11/05/2010 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,011,260.00 2,000,000.00 5.700 AAA 5.700 1,607 08/25/2011 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 1,635 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,013,120.00 2,000,000.00 5.300 AAA 5.300 1,628 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,004,380.00 2.000,000.00 4.250 AAA 4.250 947 11/03/2009 3133XHV41 3442 Federal Home Loan Bank 11/21/2006 2,000,000.00 1.998,760.00 2,000,000.00 5.200 AAA 5.200 234 11/21/2007 3133XHWH1 3443 Federal Home Loan Bank 11/24/2006 2,000,000.00 1,998,120.00 2,000,000.00 5.150 AAA 5.150 145 08/24/2007 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2,000,000.00 1,995,620.00 2,000,000.00 5.150 AAA 5.150 1,202 07/16/2010 3133XJSG4 3483 Federal Home Loan Bank 01/29/2007 2,000,000.00 1,999,380.00 2,000,000.00 5.200 AAA 5.200 150 08/29/2007 3133XJVSB 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2,C05,620.00 2,000,000.00 5.300 AAA 5.300 1,594 08/12/2011 3133XKC37 3504 Federal Home Loan Bank 03/23/2007 2,000,000.00 2,C00,000.00 2,000,000.00 5.250 AAA 5.250 156 09/04/2007 3128X1 RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,951,220.00 2,000,000.00 3.000 AAA 3.000 478 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,966,740.00 2,000,000.00 3.000 AAA 3.000 297 01/23/2008 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,970,080.00 2,000,000.00 3.560 AAA 3.560 390 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,965,200.00 2,000,000.00 4.125 AAA 4.125 962 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,969,300.00 2,000,000.00 3.600 AAA 3.600 417 05/22/2008 Portfolio CITY AP Run Date:04/16/2007-10:39 PM(PRF_PM2)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments March 31, 2007 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 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 1,996,520.00 1,998,194.44 5.250 AAA 5.273 1,649 10/06/2011 3128X5QK7 3446 Federal Home Loan Mort Corp 11/28/2006 2,000,000.00 1,996,160.00 2,000,000.00 5.500 AAA 5.500 1,702 11/28/2011 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2,000,000.00 1,992,460.00 2,000,000.00 5.050 AAA 5.050 992 12/18/2009 3128X5TD0 3460 Federal Home Loan Mort Corp 12/26/2006 2.000,000.00 1,996,520.00 2,000,000.00 5.100 AAA 5.100 635 12/26/2008 3126X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 1,996,740.00 2,000,000.00 5.250 AAA 5.250 1,733 12/29/2011 3128X5PT9 3468 Federal Home Loan Mort Corp 01/05/2007 2,000,000.00 1,997,380.00 1,999,816.62 5.250 AAA 5.251 964 11/20/2009 3128X5WH7 3486 Federal Home Loan Mort Corp 02/05/2007 2,000,000.00 1,997,460.00 1,998,063.13 5.550 AAA 5.572 1,744 01/09/2012 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2.000,000.00 1,951,260.00 2,000,000.00 3.610 AAA 3.610 729 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2.000,000.00 1,960,620.00 1,998,825.00 3.250 AAA 2.052 430 06/04/2008 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 1.967,500.00 2.000,000.00 4.250 AAA 4.250 912 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2.000.000.00 1,971,260.00 2,000,000.00 3.700 AAA 3.700 418 05/23/2008 3136F6PB9 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1.981,260.00 2.000,000.00 3.700 AAA 3.080 232 11/19/2007 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 10/27/2006 2,000,000.00 2,003,760.00 2,000,000.00 5.375 AAA 5.375 1,670 10/27/2011 Subtotal and Average 97,618,166.20 96,850,000.00 96,148,536.00 96,844,061.36 4.402 764 Local Agency Investment Funds SYS982 982 Laif City 19.000,931.33 19,000,931.33 19.000,931.33 5.214 NR 5.214 1 SYS2206 2206 LAIF-Redevelopment Agency 20,232,820.21 20,232.820.21 20.232,820.21 5.214 NR 5.214 1 Subtotal and Average 38,972,461.22 39,233,751.54 39,233,751.54 39,233,751.54 5.214 1 Treasury Securities-Coupon 912828CG3 3235 US Treasury Notes 05/17/2004 2.000,000.00 1,995,320.00 1,999,828.65 3.125 AAA 3.195 44 05/15/2007 912828ANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,975,460.00 1,994,427.37 3.000 AAA 3.473 228 11/15/2007 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,975,460.00 1,999,288.72 3.000 AAA 3.060 228 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,982,960.00 1,997,934.03 2.750 AAA 3.034 136 08/15/2007 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,012,960.00 2,001,321.65 4.875 AAA 4.834 867 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 1,996,720.00 1,991,874.11 4.625 AAA 4.909 548 09/30/2008 912828EF3 3470 US Treasury Notes 01/05/2007 2,000,000.00 1,991,720.00 1,991,717.44 4.000 AAA 5.019 152 08/31/2007 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 2,004,220.00 2,002,186.56 4.875 AAA 4.795 579 10/31/2008 912828FM7 3476 US Treasury Notes 01/17/2007 2,000.000.00 2,005,320.00 2,002,034.59 5.000 AAA 4.883 487 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 2,004,220.00 2,000,000.00 4.875 AAA 4.867 579 10/31/2008 Subtotal and Average 21,913,620.16 20,000,000.00 19,944,360.00 19,980,613.12 4.207 385 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2.000,000.00 1,944,020.00 1,945,180.94 4.200 Aaa 5.023 1,354 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2.000,000.00 1,976,820.00 1.980,424.01 4.400 Aa1 5.090 549 10/01/2008 Portfolio CITY AP Run Date:04/16/2007-10.39 PM(PRF_PM2)SyrnRept 6.41.202 City of HB Portfolio Management Page 4 Portfolio Details - Investments March 31, 2007 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 3,924,519.62 4,000,000.00 3,920,840.00 3,925,604.95 5.057 948 Commercial Paper Disc.-Amortizing 60406BSV2 3498 Minn.Mng&Mfg(3M) 03/07/2007 2.000,000.00 1,983,440.00 1,983,341.11 5.170 P-1 5.305 58 05/29/2007 60406BTU3 3499 Minn.Mng&Mfg(3M) 03/14/2007 2.000,000.00 1.974,780.00 1,974,724.44 5.170 P-1 5.323 88 06/28/2007 60406BT82 3502 Minn.Mng&Mfg(3M) 03/20/2007 2,000,000.00 1,980,580.00 1,980,393.33 5.190 P-1 5.323 68 06/08/2007 02581SRD5 3484 American Express 01/30/2007 2,000,000.00 1,996,780.00 1,996,533.33 5.200 P-1 5.328 12 04/13/2007 02581SS93 3490 American Express 02/09/2007 2,000,000.00 1,989,220.00 1.989,043.33 5.190 P-1 5.330 38 05/09/2007 17307SUL4 3481 Citigroup Global 01/25/2007 2,000,000.00 1,968,580.00 1,968,222.22 5.200 P-1 5.410 110 07/20/2007 17307SRD6 3482 Citigroup Global 01/26/2007 2,000,000.00 1,996,780.00 1,996,506.67 5.240 P-1 5.373 12 04/13/2007 17307STN2 3505 Citigroup Global 03/27/2007 2,000,000.00 1,976,520.00 1,976.220.00 5.220 P-1 5.360 82 06/22/2007 17307STR3 3506 Citigroup Global 03/28/2007 2,000,000.00 1,975,640.00 1,975,302.78 5.230 P-1 5.372 85 06/25/2007 36959JU68 3489 General Electric Capital Corp 02/08/2007 2,000,000.00 1,972,600.00 1,972,373.33 5.180 P-1 5.366 96 07/06/2007 36959JSBO 3493 General Electric Capital Corp 02/21/2007 2,000,000.00 1.988,640.00 1,988,466.67 5.190 P-1 5.323 40 05/11/2007 45974NRW8 3491 Internation Lease Fin.Corp. 02/09/2007 2.000,000.00 1,991,840.00 1,991,622.22 5.200 A1P1 5.334 29 04/30/2007 45974NRW8 3494 Internation Lease Fin.Corp. 02/21/2007 2,000,000.00 1,991,840.00 1,991,622.22 5.200 A1P1 5.325 29 04/30/2007 45974NTF3 3503 Internation Lease Fin.Corp. 03/22/2007 2,000,000.00 1,978,540.00 1,978,375.00 5.190 A1P1 5.327 75 06/15/2007 24422MVA6 3492 John Deere Capital 02/21/2007 2,000.000.00 1,962,740.00 1,962,155.56 5.200 P-1 5.405 131 08/10/2007. 24422MT76 3497 John Deere Capital 03/07/2007 2,000,000.00 1,980.860.00 1,980,607.22 5.210 P-1 5.354 67 06/07/2007 24422MT68 3500 John Deere Capital 03/15/2007 2,000,000.00 1,981,160.00 1,980,860.00 5.220 P-1 5.357 66 06/06/2007 61745BR90 3455 Morgan Stanley Dean Witter 12/14/2006 2,000,000.00 1,997.960.00 1,997,680.00 5.220 A1P1 5.383 8 04/09/2007 Subtotal and Average 34,308,568.55 36,000,000.00 35,688,500.00 35,684,049.43 5.350 61 Federal Agency Disc.-Amortizing 313588JV8 3507 Fed.Nat'l Mort.Assoc. 03/28/2007 2,000.000.00 1,966,200.00 1,965,918.34 5.070 AAA 5.233 121 07/31/2007 Subtotal and Average 2,315,843.07 2,000,000.00 1,966,200.00 1,965,918.34 5.233 121 Treasury Discounts-Amortizing 912795ZA2 3471 United States Treasury Bills 01/05/2007 2,000.000.00 1,999,180.00 1,998,910.04 4.905 AAA 5.035 4 04/05/2007 912795ZP9 3472 United States Treasury Bills 01/08/2007 2.000.000.00 1,974,480.00 1,974,244.33 4.880 AAA 5.070 95 07/05/2007 912795ZR5 3478 United States Treasury Bills 01/18/2007 2,000.000.00 1,970,860.00 1,970,116.03 4.935 AAA 5.132 109 07/19/2007 912795ZS3 3479 United States Treasury Bills 01/25/2007 2,000,000.00 1,969,000.00 1,968,034.99 4.960 AAA 5.158 116 07/26/2007 912795ZT1 3485 United States Treasury Bills 02/05/2007 2.000,000.00 1,966,940.00 1,966,175.00 4.950 AAA 5.145 123 08/02/2007 912795ZUB 3488 United States Treasury Bills 02/08/2007 2,000,000.00 1,965,080.00 1,964,322.86 4.940 AAA 5.137 130 08/09/2007 912795ZW4 3495 United States Treasury Bills 02/22/2007 2,000,000.00 1,961,200.00 1.960.440.00 4.945 AAA 5.142 144 08/23/2007 912795ZV6 3496 United States Treasury Bills 02/22/2007 2,000,000.00 1,963,120.00 1,962,401.11 4.940 AAA 5.132 137 08/16/2007 912795ZZ7 3501 United States Treasury Bills 03/20/2007 2,000,000.00 1,955.620.00 1,954,991.36 4.910 AAA 5.101 165 09/13/2007 Portfolio CITY AP Run Date:04/16/2007-10:39 PM(PRF_PM2)SymRept 6.41.202 City of H13 Portfolio Management Page 5 Portfolio Details - Investments March 31, 2007 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Subtotal and Average 16,487,955.46 18,000,000.00 17,725,480.00 17,719,635.72 5.117 113 Total and Average 215,541,134.27 216,083,751.54 214,627,667.54 215,353,634.46 4.767 417 Portfolio CITY AP Run Date.04116/2007-10.39 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 6 Portfolio Details - Cash March 31, 2007 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 176,671.43 176,671.43 0 Subtotal 176,671.43 176,671.43 Total Cash and Investmentss 215,541,134.27 216,083,751.54 214,804,338.97 215,530,305.89 4.767 417 Portfolio CITY AP Run Date:04/16/2007-10:39 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 7 Activity By Type March 1, 2007 through March 31, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31339X7A6 3149 Federal Home Loan Bank 2.400 03/16/2007 0.00 2,000,000.00 3133XGWRl 3420 Federal Home Loan Bank 5.300 03/20/2007 0.00 2,000,000.00 3133XKC37 3504 Federal Home Loan Bank 5.250 03/23/2007 2,000,000.00 0.00 Subtotal 2,000,000.00 4,000,000.00 96,844,061.36 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 5.214 10,900,000.00 8,20o,000.00 Subtotal 10,900,000.00 8,200,000.00 39,233,751.54 Treasury Securities-Coupon 912828DQO 3382 US Treasury Notes 3.750 03/31/2007 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 19,980,613.12 Medium Term Notes Subtotal 3,925,604.95 Commercial Paper Disc.-Amortizing 60406BSV2 3498 Minn.Mng&Mfg(3M) 5.170 03/07/2007 1,976,160.56 0.00 60406BTU3 3499 Minn.Mng&Mfg(3M) 5.170 03/14/2007 1,969,554.44 0.00 60406BT82 3502 Minn.Mng&Mfg(3M) 5.190 03/20/2007 1,976,933.33 0.00 17307SQ62 3456 Citigroup Global 5.240 03/06/2007 0.00 2,000,000.00 17307SQU9 3457 Citigroup Global 5.230 03/28/2007 0.00 2,000,000.00 17307STN2 3505 Citigroup Global 5.220 03/27/2007 1,974,770.00 0.00 17307STR3 3506 Citigroup Global 5.230 03/28/2007 1,974,140.56 0.00 36959JQ71 3464 General Electric Capital Corp 5.250 03/07/2007 0.00 1,400,000.00 45974NQ17 3449 Internation Lease Fin.Corp. 5.190 03/01/2007 0.00 2,000,000.00 45974NQ17 3465 Internation Lease Fin.Corp. 5.230 03/01/2007 0.00 2,000,000.00 45974NTF3 3503 Internation Lease Fin.Corp. 5.190 03/22/2007 1,975,491.67 0.00 24422MT76 3497 John Deere Capital 5.210 03/07/2007 1,973,371.11 0.00 24422MT68 3500 John Deere Capital 5.220 03/15/2007 1,975,930.00 0.00 61745BQ91 3453 Morgan Stanley Dean Witter 5.240 03/09/2007 0.00 2,000,000.00 61745BQL4 3458 Morgan Stanley Dean Witter 5.240 03/20/2007 0.00 2,000,000.00 80685UQK6 3469 Schlumberger Co. 5.230 03/19/2007 0.00 2,000,000.00 82619SQW2 3480 Siemens Capital 5.200 03/30/2007 0.00 2,000,000.00 Subtotal 15,796,351.67 17,400,000.00 35,684,049.43 Portfolio CITY AP Run Daley 04/16/2007-10:39 PM(PRF_PM3)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page s Activity By Type March 1, 2007 through March 31, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Disc.-Amortizing 313312DG2 3462 Federal Farm Credit Bank 5.120 03/20/2007 0.00 2,000,000.00 313312DA5 3463 Federal Farm Credit Bank 5.125 03/14/2007 0.00 2,000,000.00 313588JV8 3507 Fed.Nat'l Mort.Assoc. 5.070 03/28/2007 1,964,791.67 0.00 Subtotal 1,964,791.67 4,000,000.00 1,965,918.34 Treasury Discounts-Amortizing 912795ZZ7 3501 United States Treasury Bills 4.910 03/20/2007 1,951,718.00 0.00 Subtotal 1,951,718.00 0.00 17,719,635.72 Total 32,612,861.34 35,600,000.00 215,353,634.46 Portfolio CITY AP Run Date:04/16/2007-10:39 PM(PRF_PM3)SyrnRept 6.41.202 City of HB Portfolio Management Page 9 Activity Summary March 2006 through March 2007 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 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 January 2007 95 219,934,932.02 4.609 4.673 5.156 17 11 722 401 February 2007 94 219,391,301.54 4.678 4.743 5.181 12 13 737 429 March 2007 91 215,541,134.27 4.702 4.767 5.214 11 14 729 417 Average 89 207,079,806.92 4.307% 4.367% 4.878 11 11 692 335 Portfolio CITY AP Run Date:04/16/2007-10:39 PM(PRF_PM4)SymRepl 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 10 Distribution of Investments By Type March 2006 through March 2007 March April May June July August September October November December January February March Average Security Type 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2007 2007 2007 by Period Repurchase Agreements Certificates of Deposit - - Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 52.0 49.0 46.6 47.7 52.3 51.1 50.7 55.4 57.7 50.4 47.4 45.4 45.0 50.1% Local Agency Investment Funds 19.0 18.8 17.4 16.9 14.5 17.5 19.4 18.2 20.0 17.9 17.9 16.7 18.2 17.9/o Treasury Securities-Coupon 8.2 11.5 10.8 10.8 10.8 10.1 10.2 11.3 9.1 8.6 10.7 10.1 9.3 10.1% Medium Term Notes 0.5 0.5 1.0 0.9 1.8 1.8 1.8 0.6% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 10.7 10.0 13.9 11.6 13.7 15.2 14.7 12.0 9.1 18.4 16.1 17.1 16.6 13.8% Federal Agency Disc.-Amortizing 2.5 3.4 4.9 6.7 2.9 1.0 2.0 1.0 1.0 2.8 2.7 1.8 0.9 2.6% Treasury Discounts-Amortizing 7.1 6.7 6.3 6.3 5.8 5.1 3.0 2.1 2.0 1.0 3.5 7.2 8.2 4.9% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date.04/16/2007-10:39 PM(PRF_PM5)SyrnRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 3/31/2007 P jjl"fib rr e. " ;9' g N oi,m,ry v tii rr ,"„miaviiaailDlli iii!igir.rr a � �i gpaP° �!�m t IIIi!ti ;' , &�iI+ Carrying,4Co$t�PIU,$'�i�I4i'j�Y ' I.. � .:. A.ji'.I .i + e . �'� ry�4 g, 1, ", k.=�u,.�..�a,..... ,! �I`..e.....,Ii.,.s.., ." i�l� �, }Desc'ri tion µ, Accruetl Interest P,urch. , Amo°rtized Cost FairaValue+ AccrFued,lnter�est� United States Treasury: Bills $ 3,824,318,902.74 $ 3,860,742,152.76 $ 3,861,928,000.00 NA Notes $ - $ - $ - $ - Federal Agency: SBA $ 652,166,909.41 $ 652,127,035.30 $ 646,162,659.06 $ 6,071,260.05 MBS $ 911,034,885.53 $ 911,034,885.53 $ 896,486,305.15 $ 4,208,776.00 Bonds $ 6,564,122,395.58 $ 6,560,087,978.20 $ 6,561,227,780.60 $ 145,898,060.80 Floaters $ 20,024,779.85 $ 19,990,246.52 $ 19,988,000.00 $ 40,,288.89 Discount Notes $ 4,588,018,847.34 $ 4,683,723,250.02 $ 4,684,510,000.00 NA FHLMC PC $ 615,924.12 $ 615,924.12 $ 636,222.93 $ 9,984.53 GNMA $ 217,085.40 $ 217,085.40 $ 241,202.22 $ 2,157.48 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 960,000,000.00 $ 960,000,000.00 $ 959,939,385.60 $ 9,152,422.22 CDs $ 10,469,536,176.03 $ 10,469,057,549.91 $ 10,468,660,645.43 $ 83,767,164.50 Commercial Paper $ 9,627,305,103.36 $ 9,675,734,676.16 $ 9,677,073,035.28 NA Corporate: Floaters $ 220,041,956.02 $ 220,041,956.02 $ 220,021,450.00 $ 1,175,445.07 Bonds $ 257,260,765.10 $ 256,996,702.60 $ 256,617,032.75 $ 3,545,557.64 Repurchase Agreement $ - $ - $ - NA Reverse Repurchase $ (297,652,500.00) $ (297,652,500.00) $ (297,652,500.00) $ (495,095.04) Time Deposits $ 8,507,495,000.00 $ 8,507,495,000.00 $ 8,507,495,000.00 NA AB 55& GF Loans $ 13,259,519,468.81 $ 13,259,519,468.81 $ 13,259,519,468.81 NA TOTAL $ 59,564,025,699.29 $ 59,739,731,411.35 $ 59,722,853,687.83 $ 253,376,022.15 Fair Value Including Accrued Interest $ 59,976,229,709.98 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(.999717479). 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$19,994,349.58 or $20,000,000.00 x .999717479. ATTAC H M E N T #2 Schedule of Bond Investments Held by Fiscal Agent as of January 31,2007 Summary of investments by type Market Value Market Value Par Value Investment Type as of 12/31/06 as of 1/31/07 $7,174,666 Local Agency Investment Fund (LAIF) $7,080,108 $7,174,666 $0 Federal Agency Issues $0 $0 $8,238,288 Investment Agreements $8,190,456 $8,238,288 $4,549,970 Money Market Funds $2,656,898 $4,549,970 $0 US Treasury Securities $0 $0 $19,962,924 $17,927,462 $19,962,924 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 12/31/06 as of 1/31/07 $3,436,849 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,523,603 $3,436,849 $3,569,095 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $3,550,946 $3,569,095 $2,145,402 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,650,052 $2,145,402 $526,045 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $519,484 $526,045 $2,047,089 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,046,849 $2,047,089 $3,159,033 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,698,344 $3,159,033 $1,287,548 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,282,301 $1,287,548 $177,455 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,806 $177,455 $1,642,714 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,594,180 $1,642,714 $948,112 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $772,096 $948,112 $874,335 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $872,778 $874,335 $149,247 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $143,998 $149,247 $0 HB Public Finance Authority 1992 Revenue Bonds $98,027 $0 $19,962,924 $17,927,462 $19,962,924 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2007 Beginning Balance Contributions Distributions/ Earnings Other Ending (12-31-06) Transfers (change in value) Balance (03-31-07) ICMA Retirement Corporation (457 Plan) $24,300,305 $505,290 ($416,932) $307,700 ($1,131) $24,695,232 ICMA Retirement Corporation (401 Plan) $748,808 $29,143 ($25,641) $14,475 $0 $766,785 Nationwide Retirement Solutions (457 Plan) $54,361,852 $959,626 ($1,112,506) $855,587 ($150) $55,064,409 Total Deferred Compensation Plan Balances $79,410,965 $1,494,059 ($1,555,079) $1,177,762 ($1,281) $80,526,426 ATTACHMENT #4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA MARCH TREASURER'S REPORT 4. 5 Shari L . Freidenrich , CPA, CCMT, CPFA May 7, 2007 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Balance Trends Portfolio Balances by Type $102M $102M $119M $168 $195M $210M $215M ° 100 /o 80% US Treas s Wyk ;5 " ,` 4. M Med Notes 60% ❑ LAIF 40% Fed Ag. ❑ CP 20% - 0% Slide 2 Mar-03 Mar-04 Mar-05 Mar-06 Dec-06 Mar-07 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Percentages By Type of Investment Disc. Federal Treasury Agencies Securities 45% 8% f K as �' Com m erci l Paper : 17% Slide 3 Fed. Agcy - LAI F Discount 18% 1% 9% 2% Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Liquidity Investment Maturities by Days, Ending March 2006/2007 El Day 40% 32% ° 2-180 Days 30% ❑ .5 - 1 Yr. 18% El 1 - 1 .5 Yr. 20% 13% 9% ® 1 .5 - 2 Yr. 70/ 7% 7% ° ❑ 2 - 3 Yr. 3% 10%- r_ . 0% ,. t ❑ 4 - 5Yr. 0 5% 100 19% 9% 6% Slide 4 2006 2007 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 $1 ,549,000 $5,200,000 $1090009000 $0 LF ($1090009000) ($792749000) ($699379000) ($995979000) ($2090009000) ($2197599000) Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Slide 5 .- Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Yields Trends 6.00% 4.14% 4.51% 4.61% 5.00% 3.48% 3.73% 77 4.00% �v 3.00% 2.00% iP 1.00% 0.00% Dec-05 Mar-06 Jun-06 Dec-06 Mar-07 Slide 6 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Summary of Investment by City Fund March 31 , 2007 $1,195,029 $36,0031592 $33,205,576 ------------ ------------ $2,765,461 $39,945,285 $26,446,944 $84,803,916 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 2007 Investment Summary Report COUNCIL MEETING DATE: May 7, 2007 RCA ATTACHMENTS STATUS 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 $5,000) 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 EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff Deputy City Administrator Initial City Administrator Initial City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: Only)(Below Space For City Clerk's Use RCA Author: SLF ,mac—�1 azcu G— Council/Agency Meeting Held: / Deferred/Continued to: Approved ❑ C nditionally Approved ❑ Denied i er ' Sig t re Council Meeting Date: 4/16/2007 Department ID Number: CT07-08 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUREe44"� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S FEBRUARY 2007 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 2007, 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 February 2007, 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 2007. ' 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information ' 4. February 2007 PowerPoint Presentation —3 A ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for February 2007 City Investment Portfolio: January February Inc./(Dec.) End of month City Portfolio Balance $223,449,721 $217,839,545 ($5,610,176) End of month General Fund Balance $44,056,197 $40,629,210 ($3,426,987) Monthly Effective Rate of Return 4.62% 4.91% $0 Average Maturity( in days) 401 429 28 End of Month Market Value $222,231,636 $217,081,010 ($5,150,627) End of month bank cash balance $3,802,463 $3,651,135 ($151,328) Bond Proceeds Investments:* November December Inc./(Dec.) End of Month Bond Reserve Par Value $18,438,621 $17,927,462 ($511,159) End of Month Bond Reserve Market Value $18,438,621 $17,927,462 ($511,159) Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $75,505,085 $79,410,954 $3,905,869 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $450,000 $825,605 $375,605 Interest Earned Year to Date $2,250,000 $3,891,806 $1,641,806 Earned Interest Yield Year to Date 4.25% 4.59% 0.34% *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. February %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $98,843,872 45% None 780 4.36% Local Agency Inv. Fund (LAIF) $36,276,726 17% $40 million 1 5.18% Treasury Securities-Coupon $21,975,432 10% None 381 4.27% Medium Term Notes $3,923,285 2% 20% 979 5.06% Commercial Paper Disc. -Amortizing $37,132,642 17% 25% 49 5.36% Federal Agency Disc. -Amortizing $3,990,894 2% None 16 5.26% Treasury Discounts-Amortizing $15,696,694 7% None 138 5.12% $217,839,545 100% 429 4.74% City of HB Portfolio Management Portfolio Summary February 28, 2007 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 98,850,000.00 98,127,201.50 98,843,871.70 45.37 1,341 780 4.303 4.363 Local Agency Investment Funds 36,276,726.24 36,276,726.24 36,276,726.24 16.65 1 1 5.110 5.181 Treasury Securities-Coupon 22,000,000.00 21,929,900.00 21,975,431.63 10.09 785 381 4.214 4.273 Medium Term Notes 4,000,000.00 3,926,340.00 3,923,284.59 1.80 1,057 .979 4.988 5.057 Commercial Paper Disc.-Amortizing 37,400,000.00 37,132,122.00 37,132,642.23 17.05 95 49 5.286 5.360 Federal Agency Disc.-Amortizing 4,000,000.00 3,990,800.00 3,990,894.16 1.83 86 16 5.186 5.258 Treasury Discounts-Amortizing 16,000,000.00 15,697,920.00 15,696,694.45 7,21 168 138 5.048 5.119 218,526,726.24 217,081,009.74 217,839,545.00 100.00% 737 429 4.678 4.743 Investments Cash and Accrued Interest Accrued Interest at Purchase 176,671.43 176,671.43 Subtotal 176,671.43 176,671.43 Total Cash and Investments 218,526,726.24 217,257,681.17 218,016,216.43 737 429 4.678 4.743 Total Earnings February 28 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 825,604.76 3,891,805.83 Current Budget 450,000.00 2,250,000.00 5,400,000.00 Last Year Actual 604,563.00 2,749,294.00 7,728,428.00 Average Daily Balance 219,391,301.54 204,989,092.51 Effective Rate of Return 4.91% 4.59% 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. e > 397- a -7 SkIAW L. FREIDtNRICH,CITY TREASURER Reporting period 02/01/2007-02/28/2007 Portfolio CITY AP Run Date:03/19/2007-17:02 PM(PRF_PM1)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments February 28, 2007 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 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 984,060.00 1,000,000.00 3.500 AAA 3.500 411 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,971,880.00 2,000,000.00 4.000 AAA 4.000 607 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,969,380.00 2,000,000.00 4.000 AAA 4.000 655 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,980,620.00 2,000,000.00 3.700 AAA 3.700 246 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 1,981,260.00 1,999,128.79 4.620 AAA 4.642 795 05/04/2009 31331SXV0 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 1,981,880.00 2,000,000.00 4.450 AAA 4.450 634 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,969,380.00 2,000,000.00 4.480 AAA 4.480 1,208 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 5.500 140 07/19/2007 31331XAE2 3428 Federal Farm Credit Bank 10/13/2006 2,000,000.00 1,999,380.00 2,000,000.00 5.200 AAA 5.200 957 10/13/2009 31331XAKB 3430 Federal Farm Credit Bank 10/16/2006 2,000,000.00 1,996,880.00 2,000,000.00 5.250 AAA 5.250 1,142 04/16/2010 31331XHPO 3452 Federal Farm Credit Bank 12/14/2006 2,000,000.00 1,992,500.00 2,000,000.00 5.250 AAA 5.250 1,384 12/14/2010 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,958,760.00 2,000,000.00 3.020 AAA 3.020 403 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,997,500.00 2,000,000.00 2.400 AAA 2.400 15 03/16/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,959,380.00 2,000,000.00 3.320 AAA 3.320 515 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,947,500.00 2,000,000.00 2.900 AAA 2.900 516 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,826,301.50 1,850,000.00 4.000 AAA 4.000 578 09/29/2008 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,981,880.00 2,000,000.00 2.800 AAA 2.801 137 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,993,120.00 2,000,000.00 3.070 AAA 3.070 57 04/27/2007 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,977,500.00 2,000,000.00 3.260 AAA 3.260 211 09/28/2007 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,994,380.00 2,000,000.00 4.010 AAA 4.010 85 05/25/2007 3133XEXU8 3365 Federal Home Loan Bank 03/28/2006 2,000,000.00 1,998,120.00 2,000,000.00 5.100 AAA 5.100 211 09/28/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 2,003,760.00 2,000,000.00 5.500 AAA 5.500 1,345 11/05/2010 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,012,500.00 2,000,000.00 5.700 AAA 5.700 1,638 08/25/2011 3133XGWRl 3420 Federal Home Loan Bank 09/20/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.300 AAA 5.300 203 09/20/2007 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 2,005,620.00 2,000,000.00 5.430 AAA 5.430 1,666 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,013,760.00 2,000,000.00 5.300 AAA 5.300 1,659 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,006,880.00 2,000,000.00 4.250 AAA 4.250 978 11/03/2009 3133XHV41 3442 Federal Home Loan Bank 11/21/2006 2,000,000.00 1,998,760.00 2,000,000.00 5.200 AAA 5.200 265 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 5.150 176 08/24/2007 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2,000,000.00 1,996,880.00 2,000,000.00 5.150 AAA 5.150 1,233 07/16/2010 3133XJSG4 3483 Federal Home Loan Bank 01/29/2007 2,000,000.00 1,998,760.00 2,000,000.00 5.200 AAA 5.200 181 08/29/2007 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2,007,500.00 2,000,000.00 5.300 AAA 5.300 1,625 08/12/2011 3128X1 RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,950,200.00 2,000,000.00 3.000 AAA 3.000 509 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,963,780.00 2,000,000.00 3.000 AAA 3.000 328 01/23/2008 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,968,660.00 2,000,000.00 3,560 AAA 3.560 421 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 1,964,580.00 2,000,000.00 4125 AAA 4.125 993 11/18/2009 Portfolio CITY AP Run Date:03/19/2007-17:02 PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments February 28, 2007 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 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,968,320.00 2,000,000.00 3.600 AAA 3.600 448 05/22/2008 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 1,9197,660.00 1,998,161.11 5.250 AAA 5.273 1,680 10/06/2011 3128X5QK7 3446 Federal Home Loan Mort Corp 11/28/2006 2,000,000.00 1,996,240.00 2,000,000.00 5.500 AAA 5.500 1,733 11/28/2011 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2,000,000.00 1,993,160.00 2,000,000.00 5.050 AAA 5.050 1,023 12/18/2009 3128X5TD0 3460 Federal Home Loan Mort Corp 12/26/2006 2,000,000.00 1,995,960.00 2,000,000.00 5.100 AAA 5.100 666 12/26/2008 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000,00 1,997,480.00 2,000,000.00 5.250 AAA 5.250 1,764 12/29/2011 3128X5PT9 3468 Federal Home Loan Mort Corp 01/05/2007 2,000,000.00 1,996,900.00 1,999,810.82 5.250 AAA 5.251 995 11/20/2009 3128X5WH7 3486 Federal Home Loan Mort Corp 02/05/2007 2,000,000.00 1,997,540.00 1,998,029.31 5.550 AAA 5.572 1,775 01/09/2012 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,950,620.00 2,000,000.00 3.610 AAA 3.610 760 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,959,380.00 1,998,741.67 3.250 AAA 2.052 461 06/04/2008 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 1,966,880.00 2,000,000.00 4.250 AAA 4.250 943 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,970,620.00 2,000,000,00 3.700 AAA 3.700 449 05/23/2008 3136F6PB9 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 1,979,380.00 2,000,000.00 3.700 AAA 3.080 263 11/19/2007 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 10127/2006 2,000,000.00 2,004,380.00 2,000,000.00 5.375 AAA 5.375 1,701 10/27/2011 Subtotal and Average 103,951,213.76 98,850,000.00 98,127,201.50 98,843,871.70 4.363 780 Local Agency Investment Funds SYS982 982 Laif City 16,300,931.33 16,300,931.33 16,300,931.33 5.181 NR 5.181 1 SYS2206 2206 LAIF-Redevelopment Agency 19,975,794.91 19,975,794.91 19,975,794.91 5.181 NR 5.181 1 Subtotal and Average 35,917,797.67 36,276,726.24 36,276,726.24 36,276,726.24 5.181 1 Treasury Securities-Coupon 912828CG3 3235 US Treasury Notes 05/17/2004 2,000,000.00 1,991,640.00 1,999,707.93 3.125 AAA 3.195 75 05/15/2007 912828ANO 3244 US Treasury Notes 06/10/2004 2,000,000.00 1,972,180.00 1,993,669,69 3.000 AAA 3.473 259 11/15/2007 91282BANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,972,180.00 1,999,192.01 3.000 AAA 3.060 259 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,979,140.00 1,997,463.11 2.750 AAA 3.034 167 08/15/2007 912828DQO 3382 US Treasury Notes 04/21/2006 2,000,000.00 1,997,340.00 1,998,119.59 3.750 AAA 4.932 30 03/31/2007 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,012,960.00 2,001,368.90 4.875 AAA 4.834 898 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 1,997,100.00 1,991,414.44 4.625 AAA 4.909 579 09/30/2008 912828EF3 3470 US Treasury Notes 01/05/2007 2,000,000.00 1,989,920.00 1,990,028.23 4.000 AAA 5.019 183 08/31/2007 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 2,005,320.00 2,002,303.63 4.875 AAA 4.795 610 10/31/2008 912828FM7 3476 US Treasury Notes 01/1712007 2,000,000.00 2,006,800.00 2,002,164.10 5.000 AAA 4.883 518 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 2,005,320.00 2,000,000.00 4.875 AAA 4.867 610 10/31/2008 Subtotal and Average 22,972,685.63 22,000,000.00 21,929,900.00 21,975,431.63 4.273 381 Portfolio CITY AP Run Date:03/19/2007-17:02 PM(PRF_PM2)SyrnRept 6.41.202 City of HB Portfolio Management Page 4 Portfolio Details - Investments February 28, 2007 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 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 1,949,280.00 1,943,948.13 4.200 Aaa 5.023 1,385 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 1,977,060.00 1,979,336.46 4.400 Aal 5.090 580 10/01/2008 Subtotal and Average 3,922,091.25 4,000,000.00 3,926,340.00 3,923,284.59 5.057 979 Commercial Paper Disc.-Amortizing 02581SRD5 3484 American Express 01/30/2007 2,000,000.00 1,987,480.00 1,987,577.78 5.200 P-1 5.328 43 04/13/2007 02581SS93 3490 American Express 02/09/2007 2,000,000.00 1,979,960.00 1,980,105.00 5.190 P-1 5.330 69 05/09/2007 17307SQ62 3456 Citigroup Global 12/15/2006 2,000,000.00 1,998,540.00 1,998,544.44 5.240 P-1 5.376 5 03/06/2007 17307SQU9 3457 Citigroup Global 12/18/2006 2,000,000.00 1,992,140.00 1,992,155.00 5.230 P-1 5.381 27 03/28/2007 17307SUL4 3481 Citigroup Global 01/25/2007 2,000,000.00 1,959,340.00 1,959,266.67 5.200 P-1 5.410 141 07/20/2007 17307SRD6 3482 Citigroup Global 01/26/2007 2,000,000.00 1,987,480.00 1,987,482.22 5.240 P-1 5.373 43 04/13/2007 36959JQ71 3464 General Electric Capital Corp 12/21/2006 1,400,000.00 1,398,782.00 1,398,775.00 5.250 P-1 5.383 6 03/07/2007 36959JU68 3489 General Electric Capital Corp 02/08/2007 2,000,000.00 1,963,380.00 1,963,452.22 5.180 P-1 5.366 127 07/06/2007 36959JSBO 3493 General Electric Capital Corp 02/21/2007 2,000,000.00 1,979,380.00 1,979,528.34 5.190 P-1 5.323 71 05/11/2007 45974NQ17 3449 Internation Lease Fin.Corp. 12/06/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.190 A1P1 5.327 0 03/01/2007 45974NQ17 3465 Internation Lease Fin.Corp. 12/22/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.230 A1P1 5.356 0 03/01/2007 45974NRW8 3491 Internation Lease Fin.Corp. 02/09/2007 2,000,000.00 1,982,540.00 1,982,666.67 5.200 A1P1 5.334 60 04/30/2007 45974NRW8 3494 Internation Lease Fin.Corp. 02/21/2007 2,000,000.00 1,982,540.00 1,982,666.67 5.200 A1131 5.325 60 04/30/2007 24422MVA6 3492 John Deere Capital 02/21/2007 2,000,000.00 1,953,480.00 1,953,200.00 5.200 P-1 5.405 162 08/10/2007 61745BQ91 3453 Morgan Stanley Dean Witter 12/14/2006 2,000,000.00 1,997,660.00 1,997,671.11 5.240 A1P1 5.379 8 03/09/2007 61745BR90 3455 Morgan Stanley Dean Witter 12/14/2006 2,000,000.00 1,988,640.00 1,988,690.00 5.220 A1131 5.383 39 04/09/2007 61745BQL4 3458 Morgan Stanley Dean Witter 12/18/2006 2,000,000.00 1,994,460.00 1,994,468.89 5.240 A1P1 5.385 19 03/20/2007 80685UQK6 3469 Schlumberger Co. 01/05/2007 2,000,000.00 1,994,760.00 1,994,770.00 5.230 P-1 5.359 18 03/19/2007 82619SQW2 3480 Siemens Capital 01/25/2007 2,000,000.00 1,991,560.00 1,991,622.22 5.200 P-1 5.321 29 03/30/2007 Subtotal and Average 35,809,057.58 37,400,000.00 37,132,122.00 37,132,642.23 5.360 49 Federal Agency Disc.-Amortizing 313312DG2 3462 Federal Farm Credit Bank 12/21/2006 2,000,000.00 1,994,600.00 1,994,595.55 5.120 AAA 5.258 19 03/20/2007 313312DA5 3463 Federal Farm Credit Bank 12/21/2006 2,000,000.00 1,996,200.00 1,996,298.61 5.125 AAA 5.258 13 03/14/2007 Subtotal and Average 4,839,682.80 4,000,000.00 3,990,800.00 3,990,894.16 5.258 16 Treasury Discounts-Amortizing 912795ZA2 3471 United States Treasury Bills 01/05/2007 2,000,000.00 1,990,160.00 1,990,462.89 4.905 AAA 5.035 35 04/05/2007 912795ZP9 3472 United States Treasury Bills 01/08/2007 2,000,000.00 1,965,600.00 1,965,839.84 4.880 AAA 5.070 126 07/05/2007 912795ZR5 3478 United States Treasury Bills 01/18/2007 2,000,000.00 1,961,740.00 1,961,616.92 4.935 AAA 5.132 140 07/19/2007 912795ZS3 3479 United States Treasury Bills 01/25/2007 2,000,000.00 1,959,860.00 1,959.492.62 4.960 AAA 5.158_ 147 07/26/2007 Portfolio CITY AP Run Date:03/19/2007-17:02 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 5 Portfolio Details - Investments February 28, 2007 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 366 Maturity Date Treasury Discounts-Amortizing 912795ZT1 3485 United States Treasury Bills 02/05/2007 2,000,000.00 1,957,960.00 1,957,650.00 4.950 AAA 5.145 154 08/02/2007 912795ZUB 3488 United States Treasury Bills 02/08/2007 2,000,000.00 1,956,120.00 1,955,815.23 4.940 AAA 5.137 161 08/09/2007 912795ZW4 3495 United States Treasury Bills 02/22/2007 2,000,000.00 1,952,280.00 1,951,923.62 4.945 AAA 5.142 175 08/23/2007 912795ZV6 3496 United States Treasury Bills 02/22/2007 2,000,000.00 1,954,200.00 1,953,893.33 4.940 AAA 5,132 168 08/16/2007 Subtotal and Average 11,978,772.85 16,000,000.00 15,697,920.00 15,696,694.45 5.119 138 Total and Average 219,391,301.54 218,526,726.24 217,081,009.74 217,839,545.00 4.743 429 Portfolio CITY AP Run Date:03/19/2007-17:02 PM(PRF_PM2)SyrnRept 6.41.202 City of HB Portfolio Management Page 6 Portfolio Details - Cash February 28, 2007 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 176,671.43 176,671.43 0 Subtotal 176,671.43 176,671.43 Total Cash andlnvestmentss 219,391,301.54 218,526,726.24 217,257,681.17 218,016,2i6.43 4.743 429 Portfolio CITY AP Run Date:03/19/2007-17:02 PM(PRF_PM2)SyrnRept 6.41.202 City of HB Portfolio Management Page 7 Activity By Type February 1, 2007 through February 28, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331TTQ4 3210 Federal Farm Credit Bank 2.850 02/20/2007 0.00 1,000,000.00 3133X42E0 3207 Federal Home Loan Bank 3.000 02/20/2007 0.00 2,000,000.00 3133XGMV3 3416 Federal Home Loan Bank 5.375 02/23/2007 0.00 2,000,000.00 3133XHXA5 3444 Federal Home Loan Bank 5.350 02/21/2007 0.00 2,000,000.00 3133XJV88 3487 Federal Home Loan Bank 5.300 02/12/2007 2,000,000.00 0.00 3128X2TX3 3211 Federal Home Loan Mort Corp 2.750 02/09/2007 0.00 2,000,000.00 3128X2RP2 3225 Federal Home Loan Mort Corp 2.750 02/09/2007 0.00 2,000,000.00 3128X5WH7 3486 Federal Home Loan Mort Corp 5.550 02/05/2007 1,998,000.00 0.00 Subtotal 3,998,000.00 11,000,000.00 98,843,871.70 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 5.181 12,800,000,00 16,450,000.00 Subtotal 12,800,000.00 16,450,000.00 36,276,726.24 Treasury Securities-Coupon 912828BY5 3375 US Treasury Notes 2.250 02/15/2007 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 21,975,431.63 Medium Term Notes Subtotal 3,923,284.59 Commercial Paper Disc.-Amortizing 02581SS93 3490 American Express 5.190 02/09/2007 1,974,338.33 0.00 36959JP98 3451 General Electric Capital Corp 5.240 02/09/2007 0.00 2,800,000.00 36959JU68 3489 General Electric Capital Corp 5.180 02/08/2007 1,957,408.89 0.00 36959JSBO 3493 General Electric Capital Corp 5.190 02/21/2007 1,977,221.67 0.00 42786UPD1 3466 Hershey Company 5.200 02/13/2007 0.00 2,000,000.00 45974NP91 3448 Internation Lease Fin.Corp. 5.210 02/09/2007 0.00 2,000,000.00 45974NRW8 3491 Internation Lease Fin.Corp., 5.200 02/09/2007 1,976,888.89 0.00 45974NRW8 3494 Internation Lease Fin.Corp. 5.200 02/21/2007 1,980,355.56 0.00 24422MVA6 3492 John Deere Capital 5.200 02/21/2007 1,950,888.89 0.00 80685UPD3 3445 Schlumberger Co. 5.220 02/13/2007 0.00 2,000,000.00 80685UPN1 3467 Schlumberger Co. 5.230 02/22/2007 0.00 2,000,000.00 Subtotal 11,817,102.23 10,800,000.00 37,132,642.23 Portfolio CITY AP Run Date:03/19/2007-17:02 PM(PRF_PM3)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 8 Activity By Type February 1, 2007 through February 28, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Disc.-Amortizing 313588BV6 3422 Fed.Nat'l Mort.Assoc. 5.120 02/13/2007 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 3,990,894.16 Treasury Discounts-Amortizing 912795ZT1 3485 United States Treasury Bills 4.950 02/05/2007 1,951,050.00 0.00 912795ZUB 3488 United States Treasury Bills 4.940 02/08/2007 1,950,052.00 0.00 912795ZW4 3495 United States Treasury Bills 4.945 02/22/2007 1,950,000.56 0.00 912795ZV6 3496 United States Treasury Bills 4.940 02/22/2007 1,951,972.22 0.00 Subtotal 7,803,074.78 0.00 16,696,694.45 Total 36,418,177.01 42,250,000.00 217,839,545.00 Portfolio CITY AP Run Date:03/19/2007-17:02 PM(PRF_PM3)SyrnRept 6.41.202 City of HB Portfolio Management Page 9 Activity Summary February 2006 through February 2007 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 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 January 2007 95 219,934,932.02 4.609 4.673 5.156 17 11 722 401 February 2007 94 219,391,301.54 4.678 4.743 5.181 12 13 737 429 Average 88 206,071,696.80 4.230% 4.289% 4.788 11 10 686 327 Portfolio CITY AP Run Date:03/19/2007-17:02 PM(PRF_PM4)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 10 Distribution of Investments By Type February 2006 through February 2007 February March April May June July August September October November December January February Average Security Type 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2007 2007 by Period Repurchase Agreements Certificates of Deposit _- Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 47.9 52.0 49.0 46.6 47.7 52.3 51.1 50.7 55.4 57.7 50.4 47.4 45.4 50.3% Local Agency Investment Funds 19.8 19.0 18.8 17.4 16.9 14.5 17.5 19.4 18.2 20.0 17.9 17.9 16.7 18.0% Treasury Securities-Coupon 8.0 8.2 11.5 10.8 10.8 10.8 10.1 10.2 11.3 9.1 8.6 10.7 10.1 10.0% Medium Term Notes 0.5 0.5 0.5 1.0 0.9 1.8 1.8 0.5% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 9.4 10.7 10.0 13.9 11.6 13.7 15.2 14.7 12.0 9.1 18.4 16.1 17.1 13.2% Federal Agency Disc.-Amortizing 5.5 2.5 3.4 4.9 6.7 2.9 1.0 2.0 1.0 1.0 2.8 2.7 1.8 3.0% Treasury Discounts-Amortizing 8.9 7.1 6.7 6.3 6.3 5.8 5.1 3.0 2.1 2.0 1.0 3.5 7.2 5.0% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:03/19/2007-17:02 PM(PRF_PM5)SyrnRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 2/28/2007 IN ii United States Treasury: Bills $ 4,613,157,638.88 $ 4,657,014,000.00 NA Notes $ - $ - $ - Federal Agency: SBA $ 660,008,122.63 $ 653,809,791.42 $ 6,142,778.91 MBS $ 927,805,485.13 $ 916,803,319.37 $ 4,287,432.50 Bonds $ 6,621,347,811.30 $ 6,612,282,068.25 $ 142,246,820.51 Floaters $ - $ - $ - Discount Notes $ 4,588,018,847.34 $ 4,663,098,000.00 NA FHLMC PC $ 669,787.54 $ 692,488.27 $ 10,852.57 GNMA $ 219,937.79 $ 244,153.39 $ 2,186.27 Bankers Acceptances $ - $ - NA Bank Notes $ 1,225,000,000.00 $ 1,224,967,981.45 $ 11,976,336.10 CDs $ 9,903,333,871.54 $ . 9,899,582,262.75 $ 83,242,276.80 Commercial Paper $ 11,130,391,726.65 $ 11,184,819,095.83 NA Corporate: Floaters $ 200,039,556.02 $ 200,085,600.00 $ 874,583.68 Bonds $ 367,342,436.36 $ 366,092,822.40 $ 6,095,262.62 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 8,487,495,000.00 $ 8,487,495,000.00 NA AB 55&GF Loans $ 11,214,333,618.70 $ 11,214,333,618.70 NA TOTAL $ 59,9.39,163,839.88 $ 60,081,320,201.83 $ 254,878,529.96 Fair Value Including Accrued Interest $ 60,336,198,731.79 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 December 31,2006 Summary of investments by type Market Value Market Value Par Value Investment Type as of 11/30/06 as of 12/31/06 $7,080,108 Local Agency Investment Fund (LAIF) $7,080,134 $7,080,108 $0 Federal Agency Issues $0 $0 $8,190,456 Investment Agreements $8,237,904 $8,190,456 $2,656,898 Money Market Funds $2,790,095 $2,656,898 $0 US Treasury Securities $330,488 $0 $17,927,462 $18,438,621 $17,927,462 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 11/30/06 as of 12/31/06 $2,523,603 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,522,613 $2,523,603 $3,550,946 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $3,946,784 $3,550,946 $1,650,052 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,650,049 $1,650,052 $519,484 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $519,424 $519,484 $2,046,849 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,046,617 $2,046,849 $2,698,344 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,698,035 $2,698,344 $1,282,301 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,277,215 $1,282,301 $174,806 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,804 $174,806 $1,594,180 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,702,914 $1,594,180 $772,096 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $786,105 $772,096 $872,778 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $872,942 $872,778 $143,998 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $144,258 $143,998 $98,027 HB Public Finance Authority 1992 Revenue Bonds $96,861 $98,027 $17,927,462 $18,438,621 $17,927,462 ATTACH MEN T #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 $33,077 $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) $3,263,220 ($170) $79,410,954 ATTACHMENT #4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA February rer' s Report } r Shari L . Freidenrich , CPA, CCMT , CPFA April 16, 2007 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Financial Information: January February Inc./(Dec.) End of Month City Portfolio $223.450 $217.840 ($5.610) End of Month Market Value $222.232 $217.081 ($5. 151 ) Interest Earned for Month $0.863 $0.826 ($0.037) Earned Interest Yield Year to Date 4.51 % 4.59% 0.08% Average Maturity ( in days) 401 429 28 YTD Average Daily Balance $201 .711 $204.989 $3.278 Summary by Type: February % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $98.844 45% None 780 4.36% LAI F (State Pool) $36.277 17% $40 million 1 5. 18% U.S.Treasury Notes $21 .975 10% None 381 4.27% Medium Term Notes $3.923 2% 20% 979 5.06% Discount Comm. Paper $37. 133 17% 25% 49 5.36% Discount Federal Agy $3.991 2% None 16 5.26% Discount Treasury Note $15.697 7% None 138 5. 12% Total $217.840 100% 429 4.74% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: February 2007 Investment Summary Report COUNCIL MEETING DATE: April 16, 2007 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 El Not Applicable Fiscal Impact Statement (Unbudgeted, over$5,000) 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 A plicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable ''' RVIEIE y R �TRNE ' FRIN DED" Administrative Staff ) Deputy City Administrator Initial ) ) City Administrator (Initial) ) City Clerk •� ( ) 110 �� ia 'Wf.:yE ' INg ' �\'fi's (Below • . For Only) RCA Author: SLF cvj C3/)- Council/Agency Meeting Held: ...3 Deferred/Continued to: Approve ❑ Condition Ily Approved ❑ Denied City I rws igna r Council Meeting Date: 3/19/2007 Department ID Number: CT07-07 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURE 4 ' PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JANUARY 2007 INVESTMENT SUMMARY REPORT EE E ssue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for January 2007, 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 January 2007, 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 2007. 01 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information NE . ., ,1 g 4. January 2007 PowerPoint Presentation ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for January 2007 City Investment Portfolio: December January Inc./(Dec.) End of month City Portfolio Balance $209,890,216 $223,449,721 $13,559,505 End of month General Fund Balance $29,595,474 $44,056,197 $14,460,723 Monthly Effective Rate of Return 4.51% 4.62% $0 Average Maturity ( in days) 387 401 14 End of Month Market Value $208,775,243 $222,231,636 $13,456,394 End of month bank cash balance $4,018,779 $3,802,463 ($216,316) Bond Proceeds Investments:* October November Inc./(Dec.) End of Month Bond Reserve Par Value $18,435,603 $18,438,621 $3,018 End of Month Bond Reserve Market Value $18,435,603 $18,438,621 $3,018 Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $75,505,085 $79,410,954 $3,905,869 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $450,000 $863,056 $413,056 Interest Earned Year to Date $1,800,000 $3,066,201 $1,266,201 Earned Interest Yield Year to Date 4.25% 4.51% 0.26% *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. January %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $105,845,773 47% None 696 4.26% Local Agency Inv. Fund (LAIF) $39,926,726 18% $40 million 1 5.16% Treasury Securities-Coupon $23,968,704 11% None 376 4.33% Medium Term Notes $3,920,964 2% 20% 1007 5.06% Commercial Paper Disc. -Amortizing $35,969,211 16% 25% 44 5.36% Federal Agency Disc. -Amortizing $5,971,544 3% None 33 5.28% Treasury Discounts-Amortizing $7,846,799 3% None 140 5.10% $223,449,721 100% 401 4.67% City of HB Portfolio Management Portfolio Summary January 31, 2007 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 105,850,000.00 104,760,828.00 105,845,772.82 47.37 1,269 696 4.197 4.255 Local Agency Investment Funds 39,926,726.24 39,926,726.24 39,926,726.24 17.87 1 1 5.085 5.156 Treasury Securities-Coupon 24,000,000.00 23,863,080.00 23,968,703.71 10.73 745 376 4.268 4.328 Medium Term Notes 4,000,000.00 3,894,640.00 3,920,964.21 1.75 1,057 1,007 4.988 5.057 Commercial Paper Disc.-Amortizing 36,200,000.00 35,968,882.00 35,969,211.21 16.10 83 44 5.286 5.360 Federal Agency Disc.-Amortizing 6,000,000.00 5,971,600.00 5,971,544.17 2.67 110 33 5.203 5.276 Treasury Discounts-Amortizing 8,000,000.00 7,845,880.00 7,846,799.13 3.51 158 140 5.029 5.098 Investments 223,976,726.24 222,231,636.24 223,449,721.49 100.00% 722 401 4.609 4.673 Cash and Accrued Interest Accrued Interest at Purchase 168,654.76 168,654.76 Subtotal 168,654.76 168,654.76 Total Cash and Investments 223,976,726.24 222,400,291.00 223,618,376.25 722 401 4.609 4.673 Total Earnings January 31 Month Ending Fiscal Year To Date _ Fiscal Year Ending Current Year 863,055.78 3,066,201.07 Current Budget 450,000.00 1,800,000.00 5,400,000.00 Last Year Actual 620,167.00 2,144,731.00 7,728,428.00 Average Daily Balance 219,934,932.02 201,710,540.86 Effective Rate of Return 4.62% 4.51% 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 prov'ded by Union Bank via Merrill Lynch and Interactive Data Corporation. l 3S07 FREIDENRICH,CITY TREASURER Reporting period 01/01/2007-01131/2007 Portfolio CITY AP Run Date:03J05/2007-16:21 PM(PRF_PM1)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management page 2 Portfolio Details - Investments January 31, 2007 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 31331TT04 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 998,750.00 1,000,000.00 2.850 AAA 2.850 19 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 980,000.00 1,000,000.00 3.500 AAA 3.500 439 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,961,880.00 2,000,000.00 4.000 AAA 4.000 635 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,959,380.00 2,000,000.00 4.000 AAA 4.000 683 12/15/2008 31331SMB6 3288 Federal Farm Credit Bank 02/02/2005 2,000,000.00 1,976,880.00 2,000,000.00 3.700 AAA 3.700 274 11/02/2007 31331SWB5 3304 Federal Farm Credit Bank 05/06/2006 2,000,000.00 1,974,380.00 1,999,095.41 4.620 AAA 4.642 823 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 4.450 662 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 1,955,620.00 2,000,000.00 4.480 AAA 4.480 1,236 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 5.500 168 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 5.200 985 10/13/2009 31331XAK8 3430 Federal Farm Credit Bank 10/16/2006 2,000,000.00 1,991,880.00 2,000,000.00 5.250 AAA 5.250 1,170 04/16/2010 31331XHPO 3452 Federal Farm Credit Bank 12/14/2006 2,000,000.00 1,983,120.00 2,000,000.00 5.250 AAA 5.250 1,412 12/14/2010 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,950,000.00 2,000,000.00 3.020 AAA 3.020 431 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,992,500.00 2,000,000.00 2.400 AAA 2.400 43 03/16/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,947,500.00 2,000,000.00 3.320 AAA 3.320 543 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,935,620.00 2,000,000.00 2.900 AAA 2.900 544 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,816,478.00 1,850,000.00 4.000 AAA 4.000 606 09/29/2008 3133X42EO 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,997,500.00 2,000,000.00 3.000 AAA 3.000 19 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,977,500.00 2,000,000.00 2.800 AAA 2.801 165 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,989,380.00 2,000,000.00 3.070 AAA 3.070 85 04/27/2007 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,973,760.00 2,000,000.00 3.260 AAA 3.260 239 09/28/2007 3133XBVP7 3306 Federal Home Loan Bank 05/25/2005 2,000,000.00 1,991,880.00 2,000,000.00 4.010 AAA 4.010 113 05/25/2007 3133XEXUB 3365 Federal Home Loan Bank 03/28/2006 2,000,000.00 1,997,500.00 2,000,000.00 5.100 AAA 5.100 239 09/28/2007 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 1,999,380.00 2,000,000.00 5.500 AAA 5.500 1,373 11/05/2010 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,004,380.00 2,000,000.00 5.700 AAA 5.700 1,666 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 22 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 5.300 231 09/20/2007 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 1,996,880.00 2,000,000.00 5.430 AAA 5.430 1,694 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 1,997,500.00 2,000,000.00 5.300 AAA 5.300 1,687 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 1,998,120.00 2,000,000.00 4.250 AAA 4.250 1,006 11/03/2009 3133XHV41 3442 Federal Home Loan Bank 11/21/2006 2,000,000.00 1,996,880.00 2,000,000.00 5.200 AAA 5.200 293 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 5.150 204 08/24/2007 3133XHXA5 3444 Federal Home Loan Bank 11/21/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.350 AAA 5.350 293 11/21/2007 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2,000,000.00 1,988,760.00 2,000,000.00 5.150 AAA 5.150 1,261 07/16/2010 3133XJSG4 3483 Federal Home Loan Bank 01/29/2007 2,000,000.00 1,998,760.00 2,000,000.00 5.200 AAA 5.200 209 08/29/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,938,600.00 2,000,000.00 3.000 AAA 3.000 537 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,956,980,00 2,000,000.00 3.000 AAA 3.000 356 01/23/2008 Portfolio CITY Run Date:03/05/2007-16:21 AP PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 4 Portfolio Details - Investments January 31, 2007 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 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 1,996,800.00 2,000,000.00 4.875 AAA 4.867 638 10/31/2008 Subtotal and Average 23,123,864.76 24,000,000.00 23,863,080.00 23,968,703.71 4.328 376 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 1,926,660.00 1,942,715.31 4.200 Aaa 5.023 1,413 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 1,967,980.00 1,978,248.90 4.400 Aa1 5.090 608 10/01/2008 Subtotal and Average 2,917,643.12 4,000,000.00 3,894,640.00 3,920,964.21 5.057 1,007 Commercial Paper Disc.-Amortizing 02581SRD5 3484 American Express 01/30/2007 2,000,000.00 1,979,380.00 1,979,488.89 5.200 P-1 5.328 71 04/13/2007 17307SQ62 3456 Citigroup Global 12/15/2006 2,000,000.00 1,990,400.00 1,990,393.33 5.240 P-1 5.376 33 03/06/2007 17307SQU9 3457 Citigroup Global 12/18/2006 2,000,000.00 1,983,980.00 1,984,019.44 5.230 P-1 5.381 55 03/28/2007 17307SUL4 3481 Citigroup Global 01/25/2007 2,000,000.00 1,961,280.00 1,951,177.78 5.200 P-1 5.410 169 07/20/2007 17307SRD6 3482 Citigroup Global 01/26/2007 2,000,000.00 1,979,380.00 1,979,331.11 5.240 P-1 5.373 71 04/13/2007 36959JP98 3451 General Electric Capital Corp 12/11/2006 2,800,000.00 2,796,752.00 2,796,739.56 5.240 P-1 5.360 8 02/09/2007 36959JQ71 3464 General Electric Capital Corp 12/21/2006 1,400,000.00 1,393,070.00 1,393,058.33 5.250 P-1 5.383 34 03/07/2007 42786UPD1 3466 Hershey Company 12/22/2006 2,000,000.00 1,996,500.00 1,996,533.33 5.200 P-1 5.313 12 02/13/2007 45974NP91 3448 Internation Lease Fin.Corp. 12/06/2006 2,000,000.00 1,997,680.00 1,997,684.44 5.210 A1P1 5.333 8 02/09/2007 45974NQ17 3449 Internation Lease Fin.Corp. 12/06/2006 2,000,000.00 1,991,840.00 1,991,926.67 5.190 A1P1 5.327 28 03/01/2007 45974NQ17 3465 Internation Lease Fin.Corp. 12/22/2006 2,000,000.00 1,991,840.00 1,991,864.45 5.230 A1P1 5.356 28 03/01/2007 61745BQ91 3453 Morgan Stanley Dean Witter 12/14/2006 2,000,000.00 1,989,520.00 1,989,520.00 5.240 A1P1 5.379 36 03/09/2007 61745BR90 3455 Morgan Stanley Dean Witter 12/14/2006 2,000,000.00 1,980,540.00 1,980,570.00 5.220 A1P1 5.383 67 04/09/2007 61745BQL4 3458 Morgan Stanley Dean Witter 12/18/2006 2,000,000.00 1,986,320.00 1,986,317.78 5.240 A1P1 5.385 47 03/20/2007 80685UPD3 3445 Schlumberger Co. 11/17/2006 2,000,000.00 1,996,500.00 1,996,520.00 5.220 P-1 5.361 12 02/13/2007 80685UPN1 3467 Schlumberger Co. 12/22/2006 2,000,000.00 1,993,900.00 1,993,898.33 5.230 P-1 5.351 21 02/22/2007 80685UQK6 3469 Schlumberger Co. 01/05/2007 2,000,000.00 1,986,600.00 1,986,634.44 5.230 P-1 5.359 46 03/19/2007 82619SQW2 3480 Siemens Capital 01/25/2007 2,000,000.00 1,983,400.00 1,983,533.33 5.200 P-1 5.321 57 03/30/2007 Subtotal and Average 36,546,933.89 36,200,000.00 35,968,882.00 35,969,211.21 5.360 44 Federal Agency Disc.-Amortizing 313312DG2 3462 Federal Farm Credit Bank 12/21/2006 2,000,000.00 1,986,600.00 1,986,631.11 5.120 AAA 5.258 47 03/20/2007 313312DA5 3463 Federal Farm Credit Bank 12/21/2006 2,000,000.00 1,988,400.00 1,988,326.39 5.125 AAA 5.258 41 03/14/2007 313588BV6 3422 Fed.Nat'l Mort.Assoc. 09/08/2006 2,000,000.00 1,996,600.00 1,996,586.67 5.120 AAA 5.310 12 02/13/2007 Subtotal and Average 5,958,740.00 6,000,000.00 5,971,600.00 5,971,544.17 5.276 33 Portfolio CITY Run Date:03/05/2007-16:21 AP PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Pages Portfolio Details - Cash January 31, 2007 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 168,654.76 168,654.76 0 Subtotal 168,654.76 168,654.76 Total Cash and Investmentss 219,934,932.02 223,976,726.24 222,400,291.00 223,618,376.25 4.673 401 Portfolio CITY Run Date:03/06/2007-16:21 AP PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page Activity By Type January 1, 2007 through January 31, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31339YH54 3159 Federal Home Loan Bank 2.270 01/23/2007 0.00 2,000,000.00 3133XF4C7 3367 Federal Home Loan Bank 5.000 01/29/2007 0.00 2,000,000.00 3133XG7M0 3406 Federal Home Loan Bank 5.600 01/26/2007 0.00 2,000,000.00 3133XJKL1 3474 Federal Home Loan Bank 5.150 01/16/2007 2,000,000.00 0.00 3133XJSG4 3483 Federal Home Loan Bank 5.200 01/29/2007 2,000,000.00 0.00 3128X5PT9 3468 Federal Home Loan Mort Corp 5.250 01/05/2007 1,999,800.00 0.00 Subtotal 5,999,800.00 6,000,000.00 105,845,772.82 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 5.156 13,100,491.60 10,800,000.00 Subtotal 13,100,491.60 10,800,000.00 39,926,726.24 Treasury Securities-Coupon 912828DJ6 3377 US Treasury Notes 3.125 01/31/2007 0.00 2,000,000.00 912828EF3 3470 US Treasury Notes 4.000 01/05/2007 1,987,031.25 0.00 912828FV7 3473 US Treasury Notes 4.875 01/08/2007 2,002,500.00 0.00 912828FM7 3476 US Treasury Notes 5.000 01/17/2007 2,002,343.75 0.00 912828FV7 3477 US Treasury Notes 4.875 01/17/2007 2,000,000.00 0.00 Subtotal 7,991,875.00 2,000,000.00 23,968,703.71 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 4.200 01/17/2007 1,942,140.00 0.00 Subtotal 1,942,140.00 0.00 3,920,964.21 Commercial Paper Disc.-Amortizing 02581SRD5 3484 American Express 5.200 01/30/2007 1,978,911.11 0.00 17307SNC2 3414 Citigroup Global 5.260 01/12/2007 0.00 2,000,000.00 17307SUL4 3481 Citigroup Global 5.200 01/25/2007 1,949,155.56 0.00 17307SRD6 3482 Citigroup Global 5.240 01/26/2007 1,977,584.44 0.00 45974NNQ5 3441 Internation Lease Fin.Corp. 5.225 01/24/2007 0.00 2,000,000.00 47816GNJ4 3454 Johnson&Johnson 5.200 01/18/2007 0.00 2,000,000.00 60680BN93 3440 Mitsubishi Credit Amer 5.270 01/09/2007 0.00 2,000,000.00 81989DNK8 3450 Sharp Electronics Corp. 5.240 01/19/2007 0.00 2,000,000.00 80685UQK6 3469 Schlumberger Co. 5.230 01/05/2007 1,978,789.44 0.00 82619SQW2 3480 Siemens Capital 5.200 01/25/2007 1,981,511.11 0.00 91411UNW1 3447 University of California 5.240 01/30/2007 0.00 2,600,000.00 Portfolio CITY AP Run Date:03/05/2007-16:21 PM(PRF_PM3)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management page 9 Activity Summary January 2006 through January 2007 Yield to Maturity Managed Number Number Month Numberof Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity 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 January 2007 95 219,934,932.02 4.609 4.673 5.156 17 11 722 401 Average 88 204,601,735.93 4.152% 4.210% 4.694 10 9 679 319 Portfolio CITY AP Run Date:03/05/2007-16:21 PM(PRF_PM4)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management page 10 Distribution of Investments By Type January 2006 through January 2007 January February March April May June July August September October November December January Average Security Type 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2007 by Period Repurchase Agreements Certificates of Deposit _......_................. _.._........ ..............._............ ........ - ........._- ............. ...............-_............. ........ .._.........___........._ -............---__......... _...... .........__..............-...__......_._-........- __..._ .......... Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 46.6 47.9 52.0 49.0 46.6 47.7 52.3 51.1 50.7 55.4 57.7 50.4 47.4 50.4% .......----...... .... .......... -......... .........._..........-..---........--...---------- .........._...._....---.- ....._....._-- ......_.-.-._............-_--.......---........._ _........... - .........-._.......... - ._...... _.....-_ -......... ..........._.-.._......-.._..........- Local Agency Investment Funds 19.5 19.8 19.0 18.8 17.4 16.9 14.5 17.5 19.4 18.2 20.0 17.9 17.9 18.2% . .............. ........................... Treasury Securities-Coupon 7.8 8.0 8.2 11.5 10.8 10.8 10.8 10.1 10.2 11.3 9.1 8.6 10.7 9.8% Medium Term Notes 0.5 0.5 0.5 0.5 1.0 0.9 1.8 0.4% ..._.... ...... ....... . ........._ ...._. ........ -....- ..... - ......... - ..... - ... ... _. - ...-...... ... - ._.. ....... ...... - . _...... - --....... Negotiable CD's _....... ........................... ..._.....- _ ..........-.._........... _._....... ._............ _..._..... ._........ _. _..........._.............. .......... Certificates of Deposit-Bank .............. .......- ------- ........ ..........- -.......... - ........... .......... ........-.- .......... ........ - ....... -....._.- ............ .......... ........ ............_............--..........---...._----..-.._.-..... Mortgage Backed Securities _..... .. .......I- ............. ........... ............._........--............ ..-....._._. -. ............-.............. _........-_........ ..........._.... _ .......-_..... BankersAcceptances-Amorti----........... .......... ........-._..........-. .._- ........_._.............--.............-............__. ....... ... .............. ....... ...._- ......_-..- ...... ...... .. ........ .- .. ... ... .. ...... .._... ..- ....... Commercial Paper Disc.-Amortizing 11 1 9.4 10.7 10.0 13.9 11.6 13.7 15.2 14.7 12.0 9.1 18.4 16.1 12.8% 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 2.7 3.1% _ _.. _. _...... -........ ...... ...._ _.- ........- ........-_. ... ... ......... .......... Treasury Discounts-Amortizing 10.6 8.9 7.1 6.7 6.3 6.3 5.8 5.1 3.0 2.1 2.0 1.0 3.5 Miscellaneous Discounts-Amortizing - -..... .. ---------------------I...._--------................................ .......................-..-......... -----------.-.........._.....................------- ......... ---------- _----..._........._. -.......- - ............-............ - ...................- ....... Rolling Repurchase Agreements Portfolio CITY AP Run Date:03/05/2007-16:21 PM(PRF_PM5)SyrnRept 6,41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 1/31/2007 n m � e ... ����`�d6@��{'� "U11 R'., United States Treasury: Bills $ 4,613,864,930.62 $ 4,653,346,000.00 NA Notes $ - $ - $ - Federal Agency: SBA $ 678,385,234.21 $ 672,020,489.76 $ 6,313,872.13 MBS $ 944,760,945.45 $ 924,478,488.61 $ 4,366,363.72 Bonds $ 9,171,789,312.88 $ 9,138,728,979.36 $ 206,083,547.09 Floaters $ - $ - $ - Discount Notes $ 5,481,145,855.63 $ 5,553,939,000.00 NA FHLMC PC $ 719,540.97 $ 743,765.61 $ 11,650.67 GNMA $ 222,754.19 $ 245,897.70 $ 2,215.33 Bankers Acceptances $ - $ - NA Bank Notes $ 1,025,000,000.00 $ 1,024,906,022.25 $ 7,252,799.99 CDs $ 10,818,340,447.26 $ 10,813,781,908.70 $ 108,467,494.67 Commercial Paper $ 9,329,034,768.82 $ 9,375,804,094.33 NA Corporate: Floaters $ 200,039,556.02 $ 200,099,800.00 $ 1,387,499.63 Bonds $ 459,420,297.88 $ 457,636,637.59 $ 6,984,948.61 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 8,599,495,000.00 $ 8,599,495,000.00 NA AB 55 &GF Loans $ 8,363,448,270.70 $ 8,363,448,270.70 NA TOTAL $ 59,685,666,914.63 $ 59,778,674,354.61 $ 340,870,391.84 Fair Value Including Accrued Interest $ 60,119,544,746.45 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 November 30,2006 Summary of investments by type Market Value Market Value Par Value Investment Type as of 10/31/06 as of 11/30/06 $7,080,134 Local Agency Investment Fund (LAIF) $7,580,136 $7,080,134 $0 Federal Agency Issues $0 $0 $8,237,904 Investment Agreements $8,237,711 $8,237,904 $2,790,095 Money Market Funds $2,287,268 $2,790,095 $330,488 US Treasury Securities $330,488 $330,488 $18,438,621 $18,435,603 $18,438,621 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 10/31/06 as of 11/30/06 $2,522,613 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,521,593 $2,522,613 $3,946,784 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $3,948,911 $3,946,784 $1,650,049 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,650,046 $1,650,049 $519,424 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $521,860 $519,424 $2,046,617 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,046,377 $2,046,617 $2,698,035 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,697,717 $2,698,035 $1,277,215 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,274,474 $1,277,215 $174,804 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,785 $174,804 $1,702,914 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,702,109 $1,702,914 $786,105 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $786,106 $786,105 $872,942 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $872,938 $872,942 $144,258 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $141,825 $144,258 $96,861 HB Public Finance Authority 1992 Revenue Bonds $96,861 $96,861 $18,438,621 $18,435,603 $18,438,621 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 $33,077 $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) $3,263,220 ($170) $79,410,954 ATTACHMENT #4 Treasurer's Report - Shan L. Freidenr Oh, CPA, CCMT CPFA January Treasurer' s» - \< ��.- y /.w7 Shari L . Freidenrich , CPA, CCMT , CPFA March 19, 2007 , Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Financial Information: December January Inc./(Dec.) End of Month City Portfolio $209.890 $223.450 $13.560 End of Month Market Value $208.775 $222.232 $13.457 Interest Earned for Month $0.761 $0.863 $0. 102 Earned Interest Yield Year to Date 4.47% 4.51 % 0.04% Average Maturity ( in days) 387 401 14 YTD Average Daily Balance $195.570 $201 .711 $6. 141 Summary by Type: January % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $105.846 47% None 696 4.26% LAIF (State Pool) $39.927 18% $40 million 1 5. 16% U.S.Treasury Notes $23.969 11 % None 376 4.33% Medium Term Notes $3.921 2% 20% 1007 5.06% Discount Comm. Paper $35.969 16% 25% 44 5.36% Discount Federal Agy $5.971 3% None 33 5.28% Discount Treasury Note $7.847 3% None 140 5. 10% Total $223.450 100% 401 4.67% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: January 2007 Investment Summary Report COUNCIL MEETING DATE: March 19, 2007 CAT� A\/H EDITS / ` ` fSETA IU Ordinance (w/exhibits & legislative draft if applicable) Attached El Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Ap licable 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$5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) Attached EJ No Applicable Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached EZ Not Applicable fi ..c, w a RETCRNBD g 0� Administrative Staff ) Deputy City Administrator Initial City Administrator Initial City Clerk ) Space . Only) RCA Author: SLF