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2010 City Treasurer - Investment Summary Report
Council/Agency Meeting Held: p Deferred/Continued to: AAppr ved ❑ Conditionally Approved ❑ Denied C rs Sign re Council Meeting Date: February 7, 2011 Department ID Number: FN 11-003 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL. ACTION SUBMITTED TO: Honorable Mayor and City Council Members SUBMITTED BY: Fred A. Wilson, City Manager PREPARED BY: Bob Hall, Acting City Treasurer SUBJECT: Receive and File the City Treasurer's December 2010 Investment Summary Report Statement of Issue: Receive and File the Monthly Investment Report for December 2010, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Financial Impact: Not Applicable. Recommended Action: Motion to: Receive and File the Monthly Investment Report for December 2010, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. HB -95- Item 7. - 1 REQUEST FOR COUNCIL ACTION MEETING DATE: 2/7/2011 DEPARTMENT ID NUMBER: FN 11-003 Analysis: Not Applicable. Environmental Status: Not Applicable. Strategic Plan Goal: Maintain financial viability and our reserves. Improve internal and external communication. Attachment(s): Description 1. Monthly Investment Report and Summary of Investments for December 2010 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. Supplemental Pension Trust Investments Item 7. - 2 HB -96- ATTACHMENT # 1 pie -97- Item ]. - 3 City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds,Deferred Compensation, Retiree Medical Trust,and Deferred Compensation Trust Activity for December 2010 City Investment Portfolio: November December Inc.l(Dec.) End of month City Portfolio Balance $143.083,926 $157,126,238 $14,042,312 End of Month Market Value $143,714,007 $157,311,475 $13,597,468 End of month General Fund Balance $24,829,984 $37,273,607 $12,443,623 Monthly Effective Rate of Return 1.30% 1.19% -0.11% Average Maturity(in days) 488 712 224 End of month bank cash balance $1,346,959 $8,769,080 $7,422,121 Bond Proceeds Investments:* October November IncJ(Dec.) End of Month Bond Reserve Par Value $12,452,169 $14,343,983 $1,891,814 End of Month Bond Reserve Market Value $12,452,169 $14,343,983 $1.891,814 Deferred Compensation Investments:*" September December Inc.J(Dec.) Participant Balances $83,699,993 $87,590,595 $3,890,602 Retiree Medical Trust:** June September Inc.l(Dec.) Trust Balance $7,961,673 $8,935,016 $973,343 Supplemental Pension Trust: November December Inaf(Dec.) Trust Balance $28,467,209 $29,801,312 $1,334,103 Comparison to Budget I City Portfolio: Budget Actual Inc./(Dec.) interest Eamed for Month $156,250 $145,743 ($10,507) Interest Earned Year to Date $468,750 $455,676 ($13,074) Earned Interest Yield Year to Date 1.25% 1.19% -0.06% Average Daily Balance $150,000,000 $144,633,158 ($5,366,842) "Bond Proceeds Statements are issued monthly and may lag by more than one month. "Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment In City Investment Portfolio: Days YTM Int. December % of Total Pollex Limit to Mat. Rate Federal Agency Issues-Coupon $72,060,305 46% None 1389 1.95% Local Agency Inv. Fund(LAIF) $69,969,743 38% $60 million 1 0.46% Medium Term Notes $25,096,190 16% 20% 470 1.77% $157126,238 100% 712 1.36% Item 7. - 4 HB -98- . �X 0 Ok o a�B City of Huntington. ..n U A �s City of HB 2000 Main St _. Huntington Beach, a a Portfolio Management Portfolio Summary December 31, 201 D Par market Sook %Of Daysto YTM YTM investments Value Value Value Portfolio Terre maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 72,23AW0.00 71,851,302.2a 72.060.304 94 45.85 1.531 1.389 1.928 1.954 Local Agency Investment Funds 59,969,743,10 60,989,743.10 59,289,743.10 38.17 1 1 0.466 0.482 Medium Term Notes 25,000,000.00 25,400,430.00 25,096,180.14 15.97 1.042 470 1.749 1.773 157,199,743.10 157,311,476.30 157,126,238.18 100.00% 869 712 1.337 1.355 Investments Cash and Accrued Interest Accrued Interest at Purchase 4.723.13 4,723.13 Subtotal -- - 4.723.13 4,723.13 Total Cash and Investments 167,199,743.10 167,316,198.43 157,130,961.31 869 712 1.337 1.356 Total Earnin s _ _ December 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year T 145,743.28 465,676.14 Current Budget 156,250.00 468.750.00 1,875,000.00 7- last Year Actual 207,392.00 673.M.00 2,522,076.00 Average Daily Balance 144,716,923.18 144,633,158.28 (P Effective Rate of Retum 1.1911/6 1.25% 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 December 20,2010. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flaw liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Interactive Data Corporation. SHARI L.FREIDENRICH,CPA,Cl7Y TREASURER _^eporting period 12t0112010-12131I2010 Portfolio CITY` '+ AP 3 CD usoate:Diri82Dt1-�LSt PM(PRF PM1)72.o Report Var.7.32 4 V� r+ CD 3 City of HB .4 Portfolio Management Page 1 1 Portfolio Details - investments 0) December 31, 2010 Averaga Purchase stated YTM Days to Maturity cusuP lnvestment0 Lssuer Balance Date Par Value 97arket Value Book Value Rate S&P 365 maturity Date Federal Agency Issues-Coupon 31331JRT2 =3 Federal Farm Credit Bank OS11512010 2,000,000.00 2,019,760.00 2,000,000.00 2.820 AAA 2262 1,828 OdMfi 2015 31331JZK2 3850 Federal Farm Credit Bank 081.2=10 3,000,000.00 2,999,100.00 3,000,000.00 1.050 AAA 1.050 08 01126MO13 31331J5E9 3867 Federal Fan Credit Bank 12/1512010 3,000,000.00 2,984,010.00 3,000,000.00 2.460 AAA 2.480 1,809 12115=15 3133XUNEG 3785 Federal Home Loan Bank 0812612009 2,000.000.00 2,028,540.00 2,000,000.00 Z 750 AAA 2.750 961 08119/2013 313370EG9 3843 Federal Home Loan Bank 07£ZBf2010 2,000,000.00 2,004,720.00 2,000,000.00 1.125 AAA Z572 1,669 07128f2O15 313370NA2 3849 Federal Home Loan Bank 08/3012010 3,000,MO.00 2,999,667.00 3,000,000.00 0.600 AAA 1,113 970 08/2812013 313370XVd3 3859 Federal Home Loan Bank 09/20/2010 3,230.000.00 3,211,395.20 3,230,000.00 1,550 AAA 1.550 1,353 09/4512014 313371SV9 3882 Federal Home Loan Bank 12/0912010 3,000.000.00 2,894,040.00 3.000,000.00 ZOOO AAA 2.000 1,803 12109f2015 3t3371U53 3853 Federal Home Loan Bank 1211CV2010 3,000,000.00 2,925,150.00 3,000,000.00 1.500 AAA 2.129 1,804 12/10/2045 313371XSO 38E5 Federal Home Loan Bank 12116=10 2,000.000.60 1,999,220,00 2,000,000.00 1.000 AAA 1.000 1,810 12J162015 313371 VAW 3866 Federal Home Loan Bank 12M712010 3,000,000.00 3,002,190,00 3.000.000.00 1.450 AAA 1,450 1,= 091174014 312SX7JK1 3846 Federal Horne Loan Mod Corp oSIOS12006 2,000.000.00 2,016,480.00 1,998,755.82 3.250 AAA 3.480 103 04M412011 3128X8TZ5 3726 Federal Home Loan Mort Corp 04108/2009 2,000,000.00 2,011,020.00 2,000,000.00 2.500 AAA 2,500 828 0410812013 3134G1TX2 3855 Federal Home Loan Mort Corp 09/2312010 2,000,000.00 1,981,340.00 2,000,000.00 1.500 AAA 1.500 1,269 0612312014 3134GITYO 3856 Federal Home Loan Mort Corp 0=412010 2,000,000.00 1,901,120.00 2,000,000.00 1,250 AAA 2.316 1,727 0=412015 3134G1UE2 3860 Federal Home Loan Mort Corp 09P23/2010 2.000,000.00 i,993,040.00 1,999,054.44 1.000 AAA Z445 1,726 0912312015 3134G1P32 3869 Federal Home Loan Mort Corp 1213=010 2,000,000.00 1,998,000.00 2,000,000.00 1.500 AAA 1.500 1.094 12/30/2013 3134G1L44 3870 Federal Horne Loan Mort Corp 12 11=10 3,000.000.00 2,991,630.00 2,998,26ZSO 1.000 AAA 1.051 go 08128013 = 3136F9MN0 3643 Fed.Nafl Mort Assoc, 0412912008 2,000,000.00 2.021,980.00 1,999,068,89 4,000 AAA 4.022 849 0412912013 W 3136FMQ23 U35 Fed.Kati moltAssoo. 06128naio Z000,000.00 1,997.920,00 2,000,000.00 2.000 AAA 2.000 1.387 09/=414 3139WA9 3844 Fed.Narl Mort Assoc. 0810512010 2,000,000.00 1,980,960.00 2,000,000.00 Z125 AAA 1.903 1,677 0810512015 31398A31.4 3864 Fed Ned Mort Assoc. 0911712010 3,000,000.00 2,993.070.00 3,000,000.00 1.126 AAA 1.125 990 09/17/2013 CD C) 313SWS9 3858 Fed,Narl Mari Assoc. 09/30/2010 2,000,000.00 1,969,480.00 2,000,000.00 2.000 AAA 2.000 1,733 091301201E 3136FPUM7 3851 Fed,Nst1 Mort Assoc, 10/2912010 3.000,000.00 2,936,070,00 2,998,551,87 1.125 AAA 1,982 1,762 1CL29M16 3136FPYL5 386e Fed.Nan Mort.Assoc. 1211=010 2,000,000.00 1,965,300.00 1,982,338.70 1.000 AAA 1.530 1,340 09/0212014 3136FPV79 3871 Fed NO Mort Assoc. 12/28f2010 3,000,000.00 3.010,830.00 3,000,000.00 1.500 AAA 2.514 1,322 12128/2015 3136FPYL5 3872 Fed.Nat1 Mort Assoc. 1213112010 3,000,000.00 2,947,950.00 2,935,500.00 1.000 AAA 1.808 1,340 091OZ-2014 3136FP1475 3873 Fed Nat'l Mort,Assoc. 12f3112010 31000,000.00 2,995.890.00 2,982.000.00 1.000 AAA 1.729 1.448 1211712014 3136FPP84 3874 Fed.Nat'l Mort Assoc. 1213112010 3,000,000.00 2,993.430.00 2,958,772.92 2.050 2.343 1,824 12J3012015 Subtotal and Average 54,094,397.61 72,230,000.00 71,861,302.20 72,060,304.94 1.954 1,389 Local Agency lnvestrrlani Funds SYS982 982 Lail City 29,969,743.10 20.969,743.10_ 29,989,743.10 0.462 0.462 1 SYS2206 2205 LAIF-RSdevelopmentAgency 30,000,000.00 30,080,000.00 30,000,000.00 0.462 0,462 1 Subtotal and Average 59,969,743.10 59,969,743.10 59,969,74&10 6%969,743.10 0.462 4 PoftfOlio CRY. . AP Run Date:01118r2011•11.51 PM(PRF_PMZ)710 Report Var.7.3.2 City ofr13 Portfolio Management Page 2 Portfolio Details -Investments December 31, 2010 Average Purchase Stated Y IA 048 to matuety CUSIP Investment rr Issuer Balance Date Parvalue Market Value Sook Value Rate S&P 36S Maturity Data Medium Term Notes 06050SLAJD 3734 Bank ofAmerlca FDIC Insured 0413012009 2,000,000.00 2,051,620.00 Z015,554.73 Z375 AAA LOW 538 06/2212012 17314AAFS 3723 Citigroup FDIC Insured 03130/2009 2,000,000.00 2,032,660.00 1,997,793.31 2.000 AAA 2.083 454 03130/2012 17313YA87 3739 Cidgroup FDIC Insured 05/05n= 2,000,000.00 2,007,720.00 1,999,900.11 1.375 AAA 1.390 124 0510$/2011 38967HR82 3805 GE Capital FDIC Insured 11/03/2009 2,000,000.00 2,042,900.00 $009,468.00 2.000 AAA 1.720 638 0912M12 36967HM7 3733 General Electric Cap FDIC Insu 0413012009 Aew,000.00 2,042,320.00 2,012,779.85 2.2W AAA 1.701 436 03/1212012 36987HAHO 3735 General Media Cap FDIC Insu 04130/2009 2,000,000.00 2,044,780.00 2,008,720.34 2.200 AAA 1.850 524 0610=012 36186CBF9 3763 GMAC FDIC Insured 08130/2009 2,000,000.00 2,057,060.00 1,993,968.68 2200 AAA 2.361 718 12t1912rJ12 36185JAA7 3804 GMAC FDIC Insured 11/0312009 2,000,000.00 2,035,420.00 1,998,800.71 1.750 AAA 1.764 668 10134/2012 38146FAFS 3732 Goldrnan Sachs FDIC Insured 04/2712009 2,000,000.00 Z014,300.00 2,001,842.76 1.626 AAA 1.460 195 07115=11 481247AKO 3738 JP Morgan Chase FDIC Insured 0413012009 2,000,000,00 2,046,100.00 2,012,119.54 2.200 AAA 1.770 531 0611512012 49328CAA3 3770 Key Sank FDIC Insured 081 M009 2,000,000.00 2,074,760.00 $033,742.65 3.200 AAA 2.000 631 0611512012 61757UAF7 3736 Morgan Stanley FDIC Insured 04=12009 2,000,000.00 2,024,240.00 2,008,865.56 2.000 AAA 1.390 264 09lY1J2011 91160HACI 3743 US Bank FDIC Insured 051?812005 1,000,000.00 1,016,550.00 1,801,883.58 1.800 AAA 1.660 500 0611=012 Subtotal and Averaga 26,04251.85 25,000,00"0 2S,490,4J0.00 25,M,490.14 1.773 470 Treasury Discounts-Amortizing ! Subtotal and Average 1,806,434.05 Money Market Acct SYS3802 3802 Union Bank-US Gaut MMF 0.00 0.00 0.00 0.050 0.050 1 SYS3789 3789 Union Bank-US Trea MMF 0.00 0.00 0.00 0.020 AAAmf 0.020 1 p Subtotal and Avarage 2,844,098.48 0.00 0 00 0A0 0.000 0 r Totai and Average 144,716,923.18 157,199,743.10 157,311,475Z0 15T,128,238.18 1.396 712 Poftllo CITY CD i 0aw:olnarzoll•1Y:s1 AP 3 PM iPRF PMZI72o l ..... . r+ CD 3 City of HB --4 Portfolio Management aa$e s I Portfolio Details-Cash 00 December 31, 2010 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value MaTwVatue BoakValue Rate S&P 365 Mlatu ty Average Balance 0.00 Accrued Interest at Purchase 4,723.13 4,723.13 0 Subtotal 4,723.13 4,723.1$ Total Cash and Investments 944,716,523.18 157,109,743.10 167,3160198.43 157,130,96"1 1.36E 712 W O hJ 3 Pottfol"io CITY AP Run Date:011 M011-11:61 PM(PRE PM2)7.2.0 City o, ..13 Portfolio Management Page 1 Activity By Type December 1, 2010 through December 31, 2010 Stated Transaction Purchases Redemptlons CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331J5E9 3867 Federal Farm Credit Bank Z480 12115t2010 3,000,000.00 0.00 313371 SV9 3862 Federal Home Loan Bank 2.000 12JUM10 3,000,000.00 0.00 313371U53 3863 Federal Home Loan Bank 1.500 1211=010 3,000,001).00 0.00 313371XSO 3865 Federal Horne Loan Bank 1.000 12fisnoio 2,000,WO,410 0.00 313371VNQ 3866 Federal Home Loan Sank 1.450 1211712010 3,000,OOOA0 Oleo 3134G1 P32 3860 Federal Home Loan Mort Corp 1.500 1213W2010 2,000,000.00 0.00 3134G1 L44 3870 Federal Home loan Mort Corp 1.000 12128t2010 Z N6,25Q 00 0.00 3136FJCJ8 3794 Fed,Nat1 Mort Assoc, Z070 t2r1712010 0.00 2,000,000.00 31398AB76 3809 Fed.Nad Mort Assoc 1.750 1212812010 0.00 1,997,000.00 3136FMVN1 3830 Fed.NO Mort Assoc, 1.125 12/1712010 0.00 2,000,000.00 3136FPYL5 38M Fed.NO Mort Assoc. 1.000 1211=010 1,961,740.00 0.00 3136FPV79 3871 Fed.Nall Mort Assoc. 1,600 1212=010 3,000,000.00 0.00 313SFPYt.5 3872 Fed.Nat'l Mort Assoc, i.000 12131=10 2,935,300.00 0.00 3136FPK75 3873 Fed.NO Mort Assoc. 1.000 1213112010 Z UZOOO.00 0.00 Z136FPP94 3374 Fed.Nan Mort Assoc. 2-050 IV3112010 2,958,750.00 0.00 ^ _ Subtotal — _+ 3Z,8U4 240.00 5,997A00.00 72,060,304.84 Local Agency investment Funds (Monthly Summary) 59,SW43.10 W Medium Term Notes i 084664AFS 3476 Berkshire Hathaway Fur 4.200 12/15=10 0.00 Z,000,00o.00 Subtotal Om 2,000,000.00 26,096,140.14 Treasury Discounts-Amortizing 91 Z795X30 3864 united states Treasury Bills 0.100 12109t2010 0.00 7,000,000,00 Subtotal 0.00 7,000,000-DO 0.00 Money AiWket Acct (Monthly Summary) µ SYS3802 3802 Union 8ank-US Gov't MMF 0.050 14,z14,064.30 18,004,585,23 Subtotal 14,214,064.30 18,004,68= Oleo Total 47,048,304,30 33,001,38a.23 157,126,238.18 Portfolio CITY 3 ,Date:0111=011-11:51 PM(PRF_PM3)72. Report Ver,7A2 I r+ CD 3 City of HB 4 Portfolio Management Page 1 Activity Summary December 2009 through December 2010 Yield to Maturity Managed Number number Month Humber of Average 360 365 Poo! of investments of tnvestmenis Average Average End year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity December 2009 53 151.113,246.79 1.570 1,693 0.569 5 3 762 599 January 2010 55 171,370,134.78 1.586 1.608 01558 5 3 741 585 February 2010 54 165,290,104.23 1.687 1.710 0.577 1 2 800 618 March 2010 51 160,010,461.11 1.559 1.581 0.647 2 5 724 536 April 2010 55 160,226,735.19 1.432 1.452 0.588 9 5 662 499 May 2010 57 184,628,114.04 1.341 1.360 0.560 4 2 627 465 June 2010 55 188,112,806.29 1.331 1.= 0.528 5 7 634 460 July 2010 48 177,356,265.25 1.361 1.380 0.531 8 15 646 466 August 2010 47 162,076,756.20 1.320 1,338 0.513 7 8 641 453 September 2010 46 154,161,946A3 1.383 1.402 0.500 8 9 744 555 October 2010 42 147,479,654.35 1.393 1.412 0.480 1 5 752 542 November 2010 39 141,605,221.96 1.220 1.237 0.454 1 4 677 488 December 2010 46 144,716,923.18 1.337 1.356 0.462 12 5 869 712 Average 50 162,153,869.80 1.432% 1.4520/6 0.528 b 6 714 537 w E 0 t Portfolio cay AP Run oate:ovi ew i.11:61 Pia carte M4i 7z.0 Report Ver.7.3,2 City of rIB Portfolio Management Pass 1 Distribution, of investments By Type December 2009 through December 2010 December January February March April May June July August September October November December Average Security Type 2009 2010 2010 2010 2010 2010 2010 2010 2010 2010 2010 2010 2010 by Pedod Repurchase Agreements - Cartificates of Deposit _ _ Commercial Paper-Interest Bearing Federal Agency Issues-Coupon _ 43.1 42.4 45.2 _ 39.9 36.7- % 33.8 33.9 Y34.2 -33.9 40A 37.4 31.6 45.9 38.3 Local Agency Investment Funds-�� 36`935.4 36.4 37.5 33.4 31.7 31.8 36.7 37.5 39.5 42.2 41.9 - 38.2 36.9% Treasury Securities-Coupon Medium Term Notes T _- 16.7- 16.0 17.0^ 17.0 15.1 14.3 14.4 16.6 17.0 17.9 19.1 18.9 16.0 - 16.fi%- Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing _Commercial Paper Disc.-Amortizing __ - 4.1 -+ ^_ 2.5 _ 5.0 7.4 4.8_ 2.5 ~� 2.1% Federal Agency DIsc.-Amortizing -._.- _ _ 6.1 11.1 � 7.9 7.4 _ 2.5% Treasury Discounts-,Amor£Izfng �- -8.8 4.9 1.1% Miscellaneous Discounts Amortizing Money Market Acct 3.3- 1.4 - 1.4 3.1 3,8 1.8 7.2 2.7 3.0 2.2 1.4 - 2.7 2.6% Rolling Repurchase Agreements Z W C3 C,FI Portfolio CITY AP n Oade:01f18r20i 1_11:51 FM IPRF., WS)72.0 _ Repod Ver.7= I (D 3 City of HB --4 Portfolio Management Page Interest Earnings Summary N December 31,2010 December 31 Month Ending Fiscal Year To Date CDiCouponlDiscount investments: Interest Collected 233,775.00 617,525.00 Plus Accrued Interest at End of Period 272,777.41 272,777.41 Less Accrued Interest at Beginning of Period { 382,737.83) { 407,110.33) Less Accrued interest at Purchase During Period ( 0.00) ( 0,00) Interest Earned during Period 123,814.58 =192.08 Adjusted by Premiums and Discounts 4,406.66 -12,398.95 Adjusted by Capital Gains or Lasses 3,000.00 15,M.42 Earnings during Periods 122,407.92 386.436,55 ~ M Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0,00) ( 0.00) Law Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.D0 0.00 = Adjusted by Premiums and Discounts 0.00 0,00 03 Adjusted by Capital Gains or Losses 0.00 0.00 C:' Earnings during Periods 0.00 0.00 CaWChecktng Accounts: Interest Collected $4.30 77,492.67 Pius Accrued Interest at End of Period 71,071.47 71,071.47 Less Accrued Interest at Beginning of Period { 47,800,41) ( 79,324.45) Interest Earned during Period 23.335.36 69,239.59 Total Interest Earned during Period 147,149.94 452,431.67 Total Adjustments from Premiums and Discounts -4,406.66 42,398.95 Total Capital Gains or Losses 3,000.00 15,643A2 Total Earnings during Period 145,743.28 455,676.14 Portfolio CITY AP Run Data:01ti Sr20f 1.11:51 PM(PRF PM6)7.20 RVan Veer_7.3.2 Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Office of the City Treasurer December 2010 Cash Receimts and Disbursements November 2010 December 2010 Receipts Property Tax Receipts $2,339,956 $22,105,247 Utility Tax Receipts (UUT) 1,647,918 1,616,749 Sales Tax Receipts 1,756,200 1,987,779 112 Cent Safety Sales Tax Receipts 125,380 150,601 Highway Users Tax Receipts (HUT) 517,174 312,199 Transient Occupancy Tax Receipts (TOT) 482,256 371,225 All Other Receipts 13,070,813 20,700,574 Subtotal Receipts $19,939,697 $47,244,374 Disbursements All Other Disbursements (20,142.7531 (24y,s907,p2OJ Net Change In Cash Flow ($202,456) $23,143,364 Summary of Cash by Fund November 2010 December 2010 General Fund $24,829,984 $37,273,607 Govemment Funds 880,341 871,808 Capital Funds 13,968,606 13,650,264 Debt Service Funds 484,714 9,223,967 Enterprise Funds 89,298,165 88.734,373 Fiduciary Funds 569,166 137,326 Special Revenue Funds 12,760,573 12,523,251 $142,771,649 $162,414,596 • "Total cash will differ from investment portfolio total due to outstanding checks and/or other timing Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared In compliance with the City's Charter. City Treasurer Monthly Roped of Receipts&Disbursements.xis December 2010 tag -1 a7- Item 7. - 13 State of California Pooled Money Investment Account Market Valuation 12/3112010 a g�gg- a g I OR, E. United States Treasury: allia $ 28 364 376.187.46 $ 28,408,843,569.29 $ 28,419,103,250.00 NA Notes $ 8,222,021,508.30 $ 8,221,733,046.70 $ 8,275 345 500.00 $ 11,806,745.50 Federal Agemi SBA $ 517,846,490.24 $ 517,846,490,24, $ 515,723,133.92 S 563,436.061, MBS-REMICs $ 551,100,126.40 $ 551,100,126.40 $ 589,807,912.68 $ 2,005,664.61 Debentures $ 649,989,742.00 $ 649,985,575.34 3 650.678.600.00 $ 434.160.50 Debentures FR $ 200,000,000.00 $ 200,000,000.00 $ 200,084.000,00 $ 63,136.22 Discount Notes $ 8,476,700,748.60 $ 8,491,660,406.87 $ 8,499,337,560.00 HA GNMA $ 58,979,86 $ 58.979.86 $ 60,456.24 $ 583.20 IBRD Deb FR $ 300,000,000.00 $ 300,000,000.00. $ 300,729,000.00 $ 290,949.331 CDs and YCDs FR $ 800,000,000.00 $ $00,000,000.00 $ 800,000,000.00 $ 388,559.86 Bank Notes $ 800,000,000.00 $ 800 000 000.00 $ 800,047,796.24 $ 155,000.00 CDs and YCDs $ 6,400,003,748.60 S 6,400,003,748-60 $ 6,399,741,133.68 $ 1,268,250.01 Commercial Paper $ 6.721.371.906.96 $ 8,722,615,090.31 $ 6,722J86,694A3 NA Corporate:_ Bonds FR $ $ $ Bonds $ - $ $ $ Repurchase Asireernants $ - $ $ $ Reverse Repurchase $ - $ $ $ Time Deposits $ 3,937,640,900.00 $ 3,937,640,000.00 $ 3,937,640,000-00 NA AB 55&GF Loans $ 8,517,897,603.96 $ 8,517,697,503.96 $ 8,517,897,503.96 NA ITOTAL 1$ 74, 59 nw 942,28 281,440.15 17,574 $ 74,519.384,537',57 $ 74,628, .484,311 Fair Value Including Accrued Interest $ 74,646,856,924.46 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(1.001461323). As an example:If an agency has an account balance of$20,000,000.00,then the agency would report its participation In the LAW valued at$20,029,226.46 or$20,000,000,00 x 1.001146132& Item 7. - 14, HB -108- ATTACHMENT #2 .1 ,=t CD 3 Schedule of Bond Investments Herd by Fiscal Agent as of November 30, 2010 --a. Summary of investments by type Market Value Market Value Par Value Investment Type as of 10131/10 as of 11130/10 $3,646,846 Local Agency investment Fund(LAIF) $3,609,266 $3,646,846 $0 Federal Agency Issues $0 $0 $3,637,407 investment Agreements $3,637,406 $3,637,407 $7,059,730 Money Market Funds $5,205,497 $7,059,730 $0 US Treasu Securities $0 $0 $14,343,983 $12,452,169 $14,343,983 Summary of Investments by Bond Issue Market Value Market value Par value Bond issue Description as of 10/31 A 0 as of 11/30110 $1,159 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $1,159 $1,159 $2,206,138 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,206,1.38 $2,206,138 W $1,649,250 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,250 $1,649,250 $503,552 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $503,551 $503,552 $2,043,645 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,644 $2,043,645 $4,426,930 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg.Refinance) $2,620,635 $4,426,930 $1,254,819 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,254,797 $1,254,819 $210,680 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $173,100 $210,680 $3,157 Huntington Beach PFA-2000 Series A(Water System lmpv.,Beach Mnt.Facility,Energy Retrofit,SB Phase 1) $3,157 $3,157 $754,051 Redevelopment Agency of Huntington Beach-1999 Tax Allocation Refunding Bonds $754,051 $754,051 $1,242,707 Huntington Beach Public Financing Authority Lease Refunding Bonds 2010 Series A $1,242,687 $1,242,707 $14,343,983 $12,452,169 $14,343,983 ATTACHMENT #3 r+ CD City of Huntington Beach 3 Deferred Compensation Plan Summary Information 4 s as of December 31, 2010 00 Beginning Contributions Distributions/ Earnings Other Pees/ Ending. Balance Transfers (change in value) Adjustments Balance (5-30-10) (12-31.10) ICMA Retirement Corporation (457 Plan) $28,828,017 $687,506 ($1,080,692) $1,569,029 ($1,826) $30,002,034 1CMA Retirement Corporation (401 Plan) $1,121,202 $13,199 ($2,768) $50,525 $0 $1,182,158 Nationwide Retirement Solutions (457 Plan) $53,750,774 $1,409,434 ($1,211,170) $2,489,016 ($31,651) $56,408,403 Total Deferred Compensation Plan Balances $83,699,993 $2,110,139 ($2,294,630) $4,108,570 ($33,477) $87,5190,595 W ATTACHMENT #4 CD City of Huntington Beach 3 Retiree Medical Trust Information as of September 30, 2010 O Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (6-30-10) (9-w-1 Ca1PERS Retiree Medical Trust Account $7,961,673 $56,454 $917,764 ($875) $8,935,016 W ATTACHMENT #5 r=+ CD City of Huntington Beach Supplemental Pension Trust Information as of December 31, 2010 N N Ending Contributions/ Distributions/ Earnings Other Ending Balance Dividends Transfers (change In value) Balance (11-30-10) (12-31-10) Supplemental Pension Trust Account $28,467,209 $642,108 $691,991 $4 $29,801,312 w cn 7 . Council/Agency.Meeting Held:, Deferred/Continued to: Appr ve ❑ Conditionally Approved ❑ Denied � Cit � lerk's�Signatur�� Council Meeting Date: January 18, 2011 Department ID Number: FN 11-002 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: Honorable Mayor and City Council Members SUBMITTED BY: Fred A. Wilson, City Manager PREPARED BY: Bob Hall, Acting City Treasurer SUBJECT: Receive and file the City Treasurer's November 2010 Investment Summary Report Statement of Issue: Receive and file the Monthly Investment Report for November 2010, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Financial Impact: Not applicable. Recommended Action: Motion to: Receive and file the Monthly Investment Report for November 2010, 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. Strategic Plan Goal: Maintain financial viability and our reserves. Improve internal and external communication. HB -71- Item 3. - 1 REQUEST FOR COUNCIL ACTION MEETING DATE: 1/18/2011 DEPARTMENT ID NUMBER: FN 11-002 Attachment(s): ® 1. Monthly Investment Report and Summary of Investments for November 2010 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. Supplemental Pension Trust Investments Item 3. - 2 HB - 2- ATTACHMENT # 1 i in » Item 3. - 3 a+1a,J 111VWa1L111C11L raceauaieeU.- %JUL 1JW1 1V0.0MC.1111iC1 End of month City Portfolio Balance $142,278,142 $143,083,926 $805,784 End of Month Market Value $143,088,811 $143,714,007 $625,196 End of month General Fund Balance $27,554,021 $24,829,984 ($2,724,037) Monthly Effective Rate of Return 1.26% 1.30% 0.04% Average Maturity ( in days) 542 488 (54) End of month bank cash balance $1,415,576 $1,346,959 ($68,617) Bond Proceeds Investments:* September October Inc.l(Dec.) End of Month Bond Reserve Par Value $12,591,458 $12,452,169 ($139,289) End of Month Bond Reserve Market Value $12,591,458 $12,452,169 ($139,289) Deferred Compensation Investments:** June September IncJ(Dec.) Participant Balances $82,885,520 $83,699,993 $814,473 Retiree Medical Trust:** June September Inc.l(Dec.) Trust Balance $7,961,673 $8,935,016 $973,343 Supplemental Pension Trust: October November lnc.1(Dec.) Trust Balance $28,848,981 $28,467,209 ($381,772) Comparison to Budget/City Porkfolio: Budget Actual IncJ(Dec.) Interest Earned for Month $156,250 $151,617 ($4,633) Interest Earned Year to Date $312,500 $310,003 ($2,497) Earned Interest Yield Year to Date 1.25% 1.28% 0.03% Average Daily Balance $150,000,000 $144,590,589 ($5,409,411) *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and fvled'cal Retiree Statements are issued quarterly. Summary by Individual Investment In City Investment Portfolio: Days YTM Int. November % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $45,221,881 31% Bone 1261 2.09% Local Agency Inv. Fund (LAIF) $59,969,743 42% $60 million 1 0.45% Medium Term (Votes $27,101,936 19% 20% 465 2.01% Treasury Discounts -Amortizing $6,999,844 5% None 8 0.10% Money Market Acct $3,790,521 3% 10% 1 0.05% $143,083,926 100% 488 1,24% ;j :I ���rl Nr,•r�,, ��C NyenvcnArFA �� F City City of HB Portfolio Management Portfolio Summary TY November 30, 2010 Par Market Book %of Days to Investments Value Value Value Portfolio Term Maturity 360 E Federal Agency Issues-Coupon 45,220,000.00 45,394,693.30 45,221,880.95 31.61 1,496 1,261 a Local Agency Investment Funds 59,969,743.10 59,969,743.10 59,969,743.10 41.91 1 1 Medium Term Notes 27,000,000.00 27,559,190.00 27,10,1936.34 18.94 1,071 465 Treasury Discounts-Amortizing 7,000,000,00 6,999,860.00 6,999,844.45 4.89 16 8 Money Market Acct 3,790,520.93 3,790,520.93 3,790,520.93 2,65 1 1 142,990,264.03 143,714,007.33 143,083,925.77 100.00% 677 488 Investments Cash and Accrued Interest ;i Accrued Interest at Purchase 695.35 695.35 Subtotal 695.35 695.35 Total Cash and Investments 142,990,264.03 143,714,702.68 143,084,621.12 677 488 >2ti i Total Earnngs November 30 Month Ending , Fiscal Year To Date Fiscal Year Ending -- - �_. . ....... ------------ ............. - ........... . . Current Year 151,617.13 310,003.9 8 Current Budget 156,260.00 312,600.00 1,875,000.00 :j Last Year Actual 226,100.00 466,164.00 2,522,076.00 Average Daily Balance 14l,605,221.96 144,590,589.24 Effective Rate of Return 1.30% 1.28% 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 Council on December 20, 2010. 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 meel month's o Ilgations. Market Values provided by Union Rank via Interactive Data Corporation. s. ;;�� �'1. ��R.�i�-- �..�at.�� �.�,-�I('r4i ct�.. ;,��1�.E..!r?:..ctt�,t.�._.✓ SHAM L.FRMDENRICHjC A,CITY THE URER :j Reporting period 1110112010-1113012010 I ' Run Date:1,2/28/2010-17:24 City of Hl3 Portfolio Management Portfolio Details - Investments November 30, 2010 AveragePurchase Stated Y CUSIP Investment# issuer Balance Date Par Value Market Value Book Value Rate S&P Federal Agency Issues-Coupon 31331JRT2 3833 Federal Farm Credit Bank 06/15/2010 2,000,000.00 2,024,380.00 2,000,000.00 2.262 AAA 2.2, 31331JZK2 3850 Federal Farm Credit Bank 08/26i2010 3,000,000.00 3,000,000.00 3,000,000.00 1.050 AAA 1.0 J 3133XUNE9 3785 Federal Home Loan Bank 08/2612009 2,000,000.00 2,030,620,00 2,000,000.00 2.750 AAA 2.i 1 313370EG9 3843 Federal Home Loan Bank 07/2812010 2,000,000,00 2,013,120.00 2,000,000.00 1.125 AAA 2..' 313370NA2 3849 Federal Home Loan Bank 08/3012010 3,000:000.00 2,999,667.00 3,000,000.00 0.600 AAA 1.1 313370XU1f3 3859 Federal Home Loan Bank 09120/2010 3,230,000.00 3,239,076.30 3,230,000.00 1.550 AAA 11 3128X7JK1 3646 Federal Home Loan Mort Corp 05/0612008 2,000,000.00 2,021,980.00 1,998,393.44 3.250 AAA 3.4 3128Y.BTZ5 3725 Federal Home Loan Mort Carp 04/0812009 2,000,000.00 2,014,460.00 2,000,000.00 2.500 AAA 2.E 3134G1TX2 3855 Federal Home Loan Mort Corp 09/23/2010 2,000,000.00 2,006,120.00 2,000,000.00 1.500 AAA 1.1 3134GITYO 3866 Federal Home Loan Mort Corp 09/24/2010 2,000,000.00 2,004,440.00 2,000,000.00 1.250 AAA 2.; 3134G1UE2 3860 Federal Home Loan Mort Corp 09/23/2010 2,000,000.00 2,003,380.00 1,999,037.78 1,000 AAA 2.4 3136F9MN0 3643 Fed.Nat1 Mort.Assoc. 04/29/2008 2,000,000.00 2,027,500.00 1,999,035.56 4.000 AAA 4,( 3136FJCJB 3794 Fed.Nat'l Mort,Assoc. 09/17/2009 2,000,000.00 2,001,260.00 2,000,000.00 2.070 AAA 2.( 31398AB76 3809 Fed,Nat'l Mort.Assoc. 12/28i2009 2,000,000.00 1,998,760.00 1,996,887.50 1.760 AAA 1,F 3136FMVN1 3830 Fed.Nat'l Mork.Assoc. 06/17/2010 2,0007000.00 2,000,620.00 2,000,000.00 1.125 AAA 3.1 j 3136FMQ23 3835 Fed.Nat'I Mort.Assoc. 06/2812010 2,000,000.00 2,013,760.00 2,000,000.00 2.000 AAA 2,C 31398A2A9 $844 Fed.Nat'I MorL Assoc. 08/05/2010 2,000,000,00 2,012,500.00 2,C00,000.00 2.125 AAA 1.E 31398A3L4 3854 Fed. Nat'I Mort.Assoc. 09/17/2010 3,000,000.00 3,003,750.00 3,000,000.00 1,125 AAA 1.1 3139BA3S9 3858 Fed.Nat'I Mort.Assoc- 09/30/2010 2,000,000.00 1,998,120.00 2,000,000,00 2000. AAA 2.( 3136FPUM7 3861 Fed.Natl Mort.Assoc. 1012912010 3,000,000.00 2,982,180.00 2,998,526.67 1.125 AAA 1.t :I ,j Subtotal and Average 48,213,460.52 45,230,000.00 46,394,693.30 46,221,880.95 2.( _..._ ............._.......... ... -- ..-----.....---.............................. — �..... !vocal Agency Investment Funds SYS982 082 Laik City 29,989,743.10 29,969,743.10 29,969,743.10 0,454 0., SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 0.454 0., Subtotal and Average 59,969,743.10 59,969,743.10 69,969,743.10 59,969,743.10 0! ------ --....................................................... Medium Term Notes OG050BAJ0 $734 Bank ofAmerica FDIC Insured 04/30/2009 2,000,000.00 2,057,240.00 2,016,433.53 2,375 AAA 1.1 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,002,600.00 1,999,424.69 4.200 AA 5.( 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,037,540.00 1,997,613.87 2.000 AAA 7.( 17313YAB7 3739 Citigroup FDIC Insured 05/05,20G9 2,000,000.00 2,009,340.00 1,999,875.94 1.375 AAA 1.: 36967HBB2 3805 GE Capital FDIC Insured 11103/2009 2,000,000.00 2,053,320.00 2,009,921.01 2.000 AAA 1,, 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,030.00 2,043,960.00 2,013,659,19 2.260 AAA 1.7, 36967HAH0 3735 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00n 0.00 2,050,760.00 2,010,284.38 2.200 AAA 1.1 36186CBF9 3763 GMAC FDIC Insured ow3012009 2,000,000.00 2,061,980.00 1,993,713.11 2.200 AAA 2.: 1212,912010_ ... Run 0ate: 17: 4 2 j City of 1113 Portfolio Management I Portfolio Details - Investments 1 November 30, 2010 lAverage Purchase Stated y CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P Medium Terra Notes 35135JAA7 3604 GMAC FDIC Insured 11/03/2009 2,000,000.00 2,044,220.00 1,998,746.11 1,750 AAA 1., 38146FAFB 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000,000.00 2,017,020.00 2,002,127.72 1.625 AAA 1! 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2:000,000.00 2,051,300.00 2,012,813.40 2,200 AAA 11 49328CAA3 3770 Key Bank FDIC Insured 06130/2009 2,000,000.00 2,083,380.00 2,035,674.48 3.200 AAA 2.( 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000.00 2,028,320.00 2,009,661.74 2.000 AAA 1.: >� 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 1,018,210.00 1,001,977.17 1.800 AAA 1.( Subtotal and Average 27,104,395.91 27,000,000.00 27,659,190.00 27,101,936.34 2.( — ---------------------------------------------- Treasury Discounts-Amortising 912795X30 3864 United States Treasury Bills 11/23/2010 7,000,000.00 6,999,860.00 6,999,844.45 0.100 AAA 0.' Subtotal and Average 1,866,607.04 7,000,000.00 6,999,860.00 6,999,844.45 01' ---------------- --------------------------------- -------- .............._.------...-... honey Market Acet - SYS3802 3802 Union Bank-US Gov't MMF 3,790,520.93 3,790,520.93 3,790,520.93 0.050 0.( 33 SYS3769 3789 Union Bank-US Trea MMF 0.00 0.00 0.00 0.020 AAAmf 0.( 7 Subtotal and Average 4,451,015.39 3,790,520.93 3,790,520.93 3,790,620.93 0.1 Total and Average 141,606,221.96 142,990,264.03 143,714,007.33 143,083,925.77 .j :j Run Date:1212612010-1':24 City of 1113 Portfolio Management Portfolio Details - Cash November 30, 2010 Average Purchase Stated CUSIP Investment# Issuer Balance Cate Par Value Market Value Book Value Rate S&P Average Balance 0.00 Accrued Interest at Purchase 695.35 605.35 Subtotal 695.35 695.55 Total Cash and Investments 141,605,221.96 142,990,264.03 143,714,702.68 143,084,621.12 >i+ Run Date:I21281201 0-1 7:24 City of HB Partf99i® Management Activity By 'type November 1, 2010 through November 30, 2010 Stated 'transaction Purchases Redemptions CUSIP Invostment# Issuer Rate Date or Deposits or Vinthdrawals Bal —._... __..._...__............... ....... Federal Agency issues-Coupon 3133XVHP9 3801 Federal Home Loan Bank 2.625 11/16/2010 0.00 2,000,000.00 3128X7NF7 3644 Federal Home Loan Mort Corp 3.375 1110512010 0.40 2,400,400.44 3128X7SV7 3055 Federal Home Loan Mort Corp 3.700 11/23/2010 0.00 1,989,048.89 3136FJQF1 3803 Fed.NaYI Mort.Assoc. 3.550 11105/2010 0.00 2,000,000.00 Subtotal 0.00 7,989,048.89 45,221,8� _ .................................. Local Agency Investment Funds (Monthly Summary) - - - ——----------_----- ...... --Subtotal 68,969,7• Medium Term Notes Subtotal 27,101,9: Treasury Discounts-Amortizing 91279SX30 3864 United States Treasury Bills 0.100 11123/2010 6,999,608.89 0.00 1 Subtotal 6,999,688.89 0.00 6,999,8• Money Market Acct (Monthly Summary) SYS3802 3802 Union Bank-US Govt MMF 0.050 12,210,166,33 10,411,000-00 Subtotal 12,210,166.33 10,411,000.00 3,790,5 Total 19,209,855.22 18,40%048.89 143,083,9' c::•I Run Date:12,128,12010-17:24 :�1 l City of HS Portfolio Management Activity Summary November 2009 through November 2010 • Yield to Maturity Managed Number Number month Number of Average 360 365 Pool of Investments of Investments Aver. End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Ye November 2009 51 146,822,868.24 1.847 1.873 0.611 5 3 i December 2009 53 151,113,246.79 1.670 1.693 0.569 5 3 ; January 2010 55 171,370,134.78 1,586 1.608 0.558 5 3 February 2010 54 165,290,104.23 1.687 1.710 0.577 1 2 I March 2010 51 160,010,461.11 1.559 1.581 0,547 2 5 April 2010 55 160,226,735.19 1.432 1.462 0.588 9 5 f May 2010 57 184,628,114,04 1.341 1,360 0.560 4 2 f June 2010 55 188,112,806.29 1.331 1,350 0.528 5 7 f July 2010 48 177,366,265.25 1.361 1.380 0.531 8 15 f August 2010 47 162,076,756.20 1.320 1.338 0.513 7 8 f September 2010 46 154,161,946.43 1.383 1.402 0.500 8 9 October 2010 42 147,479,654.35 1.393 1.412 0.480 1 5 November 2010 39 141,605,221.96 1.220 1.237 0.454 1 4 { Average 50 162,357,959.16 1.4720l6 1.492% 0.640 5 5 :j Ran Cate:12128,2010-1724 a, a City of H B Portfolio Management Distribution of Investments By Type November 2009 through November 2010 November December January February March Aril May June July August September October P Y Y 9 P Security Type 2009 2009 2010 2010 2010 2010 2010 2010 2010 2010 2010 2010 Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing ----------------- Federal Agency Issues-Coupon 44.8 43.1 42.4 45.2 39.9 36.7 33.8 33.9 34.2 33.8 40.4 37.4 Local Agency Investment Funds 34.8 36.9 35.4 36.4 37.5 33.4 31.7 31.8 36.7 37.5 39.5 42.2 --....__._. - ------------------------ -- -- - -- - - ---- Treasu Securities-Coupon 1-.. ..... (Medium Term Notes 18.5 16.7 16.0 17.0 17.0 15.1 14.3 14.4 16.6 17.0 17.9 19.1 Negotiable CD's Certificates of De posit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing _..... .. . ......._ . _ .. . .... _ --- - - ------ ------ -- - -Commercial Paper Disc.-Amortizing 4.7 2.5 5.0 7.4 4.8 2.5 Federal Agency Disc.-Amortizing 6.1 11.1 7.9 7.4 :i Treasury Discounts-Amortizing 8.8 Miscellaneous Discounts-Amortizing - Mone Market Acct 1.9 3.3 1.4 1.4 3.1 3.8 1.8 7.2 2.7 3.0 2.2 1.4 Rolling Repurchase Agreements - -- -------------- -------- .............................. :i Run pate:1212812010-17:24 City of 1-113 Portfolio Management Interest Earnings Summary November 30, 2010 Movember 30 Month Ending Fiscal Year To Date ---- ._. .. - _. .. ..._.._... _... _ _ CD/Coupon/Discount Investments. Interest Collected 135,000.00 283,750.00 Plus Accrued Interest at End of Period 379,436.28 379,436.28 Less Accrued Interest at Beginning of Period { 392,308.08) ( 405,002.11) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00} Interest Earned during Period 122,128.20 258,184.17 Adjusted by Premiums and Discounts -4,022.85 -7,992.29 Adjusted by Capital Gains or Losses 10,951.11 12,643.42 Earnings during Periods 129,056A6 262,835.30 ............... - ..... ..... Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period { 0.00) { 0.00) i Less Accrued Interest at Purchase During Period { 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 166.33 77,428.27 Pius Accrued Interest at End of Period 49,064.07 49,064.07 Less Accrued Interest at Beginning of Period ( 26,669.73) ( 79,324.45) Interest Earned during Period 22,560.67 47,167.89 Total Interest Earned during Period 144,688.87 305,352.06 Total Adjustments from Premiums and Discounts -4,022.85 -7,992.29 Total Capital Gains or Losses 10,951.11 12,643.42 Total Earnings during Poriod 151,617.13 310,003.19 Run Date:',2J28;2010-17:24 Office of time City Treasurer November 2010 Cash Receipts and Disbumements October 2010 November 2010 Receipts Property Tax Receipts $227,557 $2,339,956 Utility Tax Receipts (UUT) 1,753,565 1,647,918 Sales Tax receipts 1,317,200 1,756,200 1/2 Cent Safety Sales Tax Receipts 126,658 125,380 Highway Users Tax Receipts (HUT) 300,272 517,174 Transient Occupancy Tax Receipts (TOT) 505,027 482,256 All Other receipts 23,348,279 13,070,813 Subtotal Receipts $27,578,558 $19,939,697 Disbursements All Other Disbursements Q6,933,2921 229 142,�53) Net Change in Cash Flow ($9,354,734) ($202,456) Summary of Cash by Fund October 2010 November 2010 General Fund $27,554,021 $24,8291684 Government Funds 848,237 880,341 Capital Funds 13,787,448 13,968,606 Debt Service Funds 411,131 484,714 Enterprise Funds 86,887,867 89,298,165 Fiduciary Funds 530,418 569,166 Special Revenue Funds 14,876,515 12,750,573 $144,895,637 $142,771,549 Total cash will differ from investment portfolio total due to outstanding cheats and/or other timing Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio, This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts&Disbursements.xis November 2010 Pooled Money Investment Account Market Valuation 11/30/2010 � r s^ R 'ems . y<:ice .. P . A R� _ x ' w. 3✓ , United States Treasury: Bills $ 27,662,804,117.98 $ 27,720,564,750.00 NA Notes $ 6,348,956,971.62 $ 6,404,362,500.00 $ 21,319,696.50 Federal Agency: SEA $ 522,581,792.91 $ 521,554,180.99 $ 568,6.56.19 MBS-REMICs 1 566,198,479.52 $ 612,113,564.52 $ 2,676,876.61 Debentures $ 649,989,742.00 $ 650,220,500.00 $ 181,449,50 Debentures FR $ 200,000,000.00 $ 200,112,000.00 $ 29,391.00 Discount Notes $ 7,278,004,859.62 $ 7,297,310,300.00 NA GNMA $ 61,025.06 $ 62,554.32 $ 603.52 IBRD Deb FR $ 300,000,000.00 $ 300,741,000.00 $ 158,310.67 CDs and YCDs FR $ 600,000,000.00 $ 600,000,000.00 $ 103,157.12 Bank Notes $ - $ - $ - CDs and YCDs $ 4,300,002,471.16 $ 4,299,907,619.16 $ 565,305.55 Commercial Paper $ 6,663,213,538.86 $ 6,664,113,822.22 NA - Corporate: Bonds FR $ - $ - $ - Bonds $ - $ - $ - Repurchase Agreements $ - $ - $ - Reverse Repurchase $ - $ - $ - Time Deposits $ 4,181,140,000.00 $ 4,181,140,000.00 NA AB 55 &GF Loans $ 7,949,792,358.52 $ 7,949,792,358.52 NA TOTAL 1 $ 67,222,744,357.25 $ 67,401,995,149.72 $ 25,603,446.66 Fair Value Including Accrued Interest $ 67,427,598,596.38 Repurchase.Agreements, Time Deposits,AB 55&General Fund loans,and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). ATTACHMENT #2 He -85- Item 3. - 15 i Schedule ®f Bond Investments Held by Fiscal Agent as of October 31, 2010 Summary of investments by type Market Value Par Value Investment Type as of 9/30/10 $3,609,266 Local Agency Investment Fund(LAIF) $3,604,6( $0 Federal Agency Issues $3,637,406 Investment Agreements $3,637,41 $5,205,497 Money Market Funds $5,349,4, $0 US Treasury Securities a $12,452,169 $12,591,4! Summary of Investments by Bond Issue Market Value Par value Pond Issue Description as of 9/30110 $1,159 City of Huntington Beach-2004 Judgment Obligation Bonds (Property Tax Refunds) $2,206,138 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,205,8; $1,649,250 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,Z $503,551 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $503,4 $2,043,644 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,6, $2,620,635 Huntington Beach PFA- 2001 Series B(1993 Civic Center& Police Administration Bldg. Refinance) $2,620,5! $1,254,797 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,257,2' $173,100 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $311,3! 1� $3,157 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $3 1! $754,051 Redevelopment Agency of Huntington Beach-1999 Tax Allocation Refunding Bonds $753,0 $1,242,687 Huntington Beach Public Financing Authority Lease Refunding Bonds 2010 Series A $1,242,61 $12,452,169 $12,591,4 ATTAC H M E N T #3 Ha -87- Item 3 _ ,7 ` 1 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2010 Beginning Contributions Distributions( Earnings Other Fe( Balance Transfers (change in value) Adjustmei (6-30-10) ICMA Retirement Corporation (457 Plan) $27,417,399 $517,609 ($851,905) $1,746,382 ($1,4; ICMA Retirement Corporation (401 Playa) $1,050,744 $11,314 $0 $59,144 Nationwide Retirement Solutions (467 Plan) $51,355,277 $781,969 ($1,327,818) $2,941,871 ($5: Total Deferred Compensation Plan Balances $79.823,420 $1,310,892 ($2,179,723) $4,747,397 ($1,9 ;:i ATTAC H M E N T #4 i .o -89- Item 3. - '19 j City of Huntington Beach Retiree Medical Trust Information as of September 30, 2010 �I Beginning Contributions Distributions/ Earnings Other Fees/ Endi Balance Transfers (change in value) Adjustments Balat (6-30-10) (9-30- "'I CaIPERS Retiree Medical Trust Account $7,961,673 $56,454 $917,764 ATTACHMENT #5 Ha 9 Item 3 21 City of Huntington Beach Supplemental Pension Trust Information as of November 30, 2010 Ending Contributions/ Distributions/ Earnings Other Balance Dividends Transfers (change in value) (10-31-10} Supplemental Pension Trust Account $28,848,981 $21,153 ($402,925) .j :I :I :I Council/Agency Meeting Held: /4 Deferred/Continued to: prove Co ditionall Approv d ❑ Denied C CI 's Sign* re Council Meeting Date: December 20, 2010 Department ID Number: CT 11-006 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: Honorable Mayor and City Council Members SUBMITTED BY: Shari L. Freidenrich, CPA, City Treasurer PREPARED BY: Shari L. Freidenrich, CPA, City Treasurer SUBJECT: Review and Accept City Treasurer's October 2010 Investment Summary Report Statement of Issue: Review and accept the Monthly Investment Report for October 2010, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Financial Impact: 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 2010, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. HB -33- Item 2. - 1 REQUEST FOR COUNCIL ACTION MEETING DATE: 12/20/2010 DEPARTMENT ID NUMBER: CT 11-006 Analysis: Not Applicable. Environmental Status: Not Applicable. Strategic Plan Goal: Maintain financial viability and our reserves. Improve internal and external communications. Attachment(s): Description 1. Monthly Investment Report and Summary of Investments for October 2010 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. Supplemental Pension Trust Investments 6. October 2010 PowerPoint Presentation Item 2. - 2 Ng - 4- ATTACHMENT # 1 Hx -35- Item 2. - 3 City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds, Deferred Compensation, Retiree Medical Trust, and Deferred Compensation Trust Activity for October 2010 City Investment Portfolio: September October Inc./(Dec.) End of month City Portfolio Balance $151,612,411 $142,278,142 ($9,334,269) End of Month Market Value $152,433,005 $143,088,811 ($9,344,194) End of month General Fund Balance $27,528,061 $27,554,021 $25,960 Monthly Effective Rate of Return 1.30% 1.26% -0.04% Average Maturity ( in days) 555 542 (13) End of month bank cash balance $1,385,608 $1,415,576 $29,968 Bond Proceeds Investments:* August September Inc./(Dec.) End of Month Bond Reserve Par Value $15,080,742 $12,591,458 ($2,489,284) End of Month Bond Reserve Market Value $15,080,742 $12,591,458 ($2,489,284) Deferred Compensation Investments:" June September Inc./(Dec.) Participant Balances $82,885,520 $83,699,993 $814,473 Retiree Medical Trust:`* June September Inc./(Dec.) Trust Balance - $7,961,673 $8,935,016 $973,343 Supplemental Pension Trust: September October Inc./(Dec.) Trust Balance $28,164,919 $28,848,981 $684,062 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $156,250 $158,386 $2,136 Interest Earned Year to Date $156,250 $158,386 $2,136 Earned Interest Yield Year to Date 1.25% 1.26% 0.01% Average Daily Balance $150,000,000 $147,479,654 ($2,520,346) 'Bond Proceeds Statements are issued monthly and may lag by more than one month. `Deferred Compensation and Medical Retiree 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 $53,210,020 38% None 1195 2.21% Local Agency Inv, Fund (LAIF) $59,969,743 42% $60 million 1 0.48% Medium Term Notes $27,107,025 19% 20% 495 2.01% Money Market Acct $1,991,355 1% 10% 1 0.05% $142,278,142 100% 542 1.41% Item 2. - 4 HB -36- �� Teti � •..-.. �, City of Huntington Beach Z3 City of HB 2000 Main St -- -- -- Huntington Beach, _ - z Portfolio Management Portfolio Summary �cUUNTY zP��F October 31, 2010 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 53,230,000.00 63,491,383.00 53,210,019.50 37.40 1,463 1,195 2.177 2.207 Local Agency Investment Funds 59.969,743,10 59,969,743.10 59,969,743.10 42-15 1 1 0.473 0.480 Medium Term Notes 27,000,000,00 27,636,330.00 27,107,025,09 19.05 1,071 495 1.985 2.013 Money Market Acct 1,991,354.60 1,991,354.60 1.991.354.60 1.40 1 1 0,049 0,050 142,191,097.70 143,088,810.70 142,278,142.29 100.00% 752 542 1.393 1.412 Investments Cash and Accrued Interest Accrued Interest at Purchase 695.35 695.35 Subtotal 695.35 695.35 Total Cash and Investments 142,191,097.70 143,089,506.05 142,278,837.64 752 542 1,393 1.412 Total Earnings----_-- October 31 Month End!qR Fiscal Year To Date Fi caE Year Ending - --------................................... .......___.._�__� Current Year 158,386.09 158,386.09 Current Budget 156,250.00 156,250.00 1,875,000.00 Last Year Actual 240,064.00 240,064.00 2,522,076.00 Average Daily Balance 147,479,654.35 147,479,654.35 Effective hate of Return 1,26% 1.26% l 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 December 21, 2009. 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 obligatio arket Va provided by Union Baann}k via Interactive Data Corporation. tlllaSHARI REIDEN H,CPA.CITY TREASURER r=r CD 3 Reporting period 10101/2010-10131/2010 Portfolio CITY N AP Run Date;1IIDM010-17:28 PM(PRF PM i)7.2.0 Report Ver.7.3.2 CD 3 Iv City of HB � Portfolio Management page.I Portfolio Details -Investments October 31, 2010 Average Purchase Stated YTM Days to Maturity CUSIP Investment fL Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Federal Agency Issues-Coupon 31331JRT2 3833 Federal Farm Credit Bank 06/15/2010 2,000,000.00 2,026,260.00 2,000.000.00 2.262 AAA 2.262 1,687 06/1512015 31331JZK2 3850 Federal Farm Credit Bank 08/26/2010 3,000,000.00 3,000,930.00 3,000,000.00 1,050 AAA 1.050 1,029 08/2512013 3133XUNE9 3785 Federal Home Loan Bank 08/26/2009 2,000,000.00 2,035,620.00 2,000.000.00 2.750 AAA 2.750 1,022 08/1912013 3133XVHP9 3801 Federal Home Loan Bank 11116/2009 2,000,000.00 2,000,620.00 2,000,000.00 1,250 AAA 1.250 746 11/16/2012 313370EG9 3843 Federal Home Loan Bank 07/28/2010 2,000,000.00 2,014,380,00 2,000,000-00 1.125 AAA 2.572 1,730 07/28/2015 313370NA2 3849 Federal Home Loan Bank 08/30/2010 3,000,000.00 3,000,753.00 3,000,000.00 0.600 AAA 1.113 1.W 0 8/2 812 0 1 3 313370XW3 3859 Federal Home Loan Bank 09/20/2010 3,230,000.00 3,246,150.00 3,230,000.00 1.550 AAA 1.550 1.414 09/15/2014 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2005 2,000,000.00 2,000,700.00 1,999,986.67 3.375 AAA 3.438 4 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05106/2008 2,000,000.00 2,027,060.00 1,998,031.06 3.250 AAA 3.480 164 04/14/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,004,060.00 1.988,714.27 3.700 AAA 4.002 753 11/23/2012 3128X8TZ5 3725 Federal Home Loan Mort Corp 04108/2009 2,000,000.00 2,018.460.00 2,000.000.00 2.500 AAA 2.500 889 04/08/2013 3134G1TX2 3855 Federal Home Loan Mort Corp 09/23/2010 2,000,000.00 2,008,140,00 2.000.000.00 1.500 AAA 1.500 1,330 06/23/2014 3134G1TY0 3856 Federai Home Loan Mort Corp 09124/2010 2,000,000.00 2,006,340.00 2,000,000.00 1.250 AAA 2.318 1,788 09124/2015 3134G1UE2 3860 Federal Home Loan Mort Corp 09/23/2010 2,000,000.00 2,004,380.00 1,999,021.11 1,000 AAA 2,445 1,787 09123/2015 3136F9MN0 3543 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,033,760.00 1,999,002.22 4.000 AAA 4,022 910 04/29/2013 3136FJCJ8 3794 Fed.Nat'l Mort.Assoc. 09/1712009 2,000,000.00 2,003,760.00 2,000,000.00 2.070 AAA 2,070 777 12/17/2012 = 3136FJQF1 3803 Fed.Nat'l Mort.Assoc. 11/05/2009 2,000,000.00 2.000,000.00 2,000,000.00 1.150 AAA 2.924 1,100 11105/2013 W 31398AB76 3809 Fed.Nat'l Mort.Assoc. 12/28/2009 2,000,000,00 2,004,380.00 1,996,762.50 1.750 AAA 1.827 788 12128/2012 3136FMVN1 3830 Fed.Nar#Mort.Assoc. 06/17/2010 2,000,000.00 2.001.260.00 2.000,000.00 1.125 AAA 3,120 1,689 06/17/2015 i 3136FMQ23 3835 Fed.Narl Mort.Assoc. 06/28/2010 2,000,000.00 2,023,120.00 2,000,000.00 2,000 AAA 2.000 1,428 09/29/2014 31398A2A9 3844 Fed.Nar€Mort.Assoc. 08/05/2010 2,000.000,00 2,019,380.00 2,000,000.00 2.125 AAA 1.903 1,738 08/05/2015 31398A3L4 3854 Fed.Nat'I Mort.Assoc. 09/1712010 3,000,000.00 3,006,570.00 3,000,000.00 1.125 AAA 1.125 1.051 09117/2013 31398A3S9 3858 Fed.Nat'l Mort.Assoc. 09/3012010 2,000,000.00 2,008,120,00 2.000,000.00 2.000 AAA 2.000 1,794 09/30/2015 3136FPUM7 3861 Fed,Nafl Mort.Assoc. 10/2912010 3,000,000.00 2,997,180.00 2,998,501.67 1.125 AAA 1,962 1.823 10/29/2015 Subtotal and Average 56,500,414.54 53,230,000.00 $3,491,383.00 53,210,019.50 2.207 1,195 ------- .-.... ..................- - -._._...... ._ _....._..__.. ..-. _._.. Local Agency investment Funds SYS982 982 Leif City 29,969,743.10 29,969,743,10 29,969,743.10 0.480 0.480 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,Oo0,a0 0.480 0.480 1 Subtotal and Average 59,9$2,432.94 59,969,743.10 59,969,743.10 59,969,743.10 0.480 1 _.._.. - ---- -......... ............... --- Medium Term Notes 06050BAJO 3734 Bank of America FDIC Insured 04130/2009 2,000,000.00 2,063,980.00 2.017,312.33 2.375 AAA 1.830 599 06/22/2012 084664AF8 3475 Berkshire Hathaway Fin 01117/2007 2,000,000.00 2,009,140.00 1,998,191.88 4.200 AA 6.023 44 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03130/2009 2,000,000-00 2,044,320.00 1,997,464.43 2.000 AAA 2,093 516 03/30/2012 17313YAB7 3739 Citigroup FDIC insured 05/05/2009 2,000,000.00 2,013,200.00 1,999,851.78 1,375 AAA 1.390 185 05/05/2011 Portfolio CITY AP Run Date,1 VOW- -1718 -'"(PRF_PM2)7.2 0 Report Ver.7.3.2 City of HB Portfolio [!Management Page 2 Portfolio Details - Investments October 31, 2010 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Hook Value Rate S&P 366 Maturity Date Medium Term Notes 36967HBB2 3805 GE Capital FDIC Insured 11/03/2009 2,000,000.00 2,058,720.00 2,010,374.03 2.000 AAA 1.720 697 09/28/2012 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,050,100,00 2,014,558.72 2.250 AAA 1.701 497 03/12/2012 36967HAHO 3735 General Electric Cap FDIC Insu 04130/2009 2,000,000.00 2,057,080.00 2,010,848.43 2.200 AAA 1.850 585 06/08/2012 36186CBF9 3763 GMAC FDIC Insured 06/3012009 2,000,000.00 2,071,960.00 1,993,457.55 2.200 AAA 2,361 779 12/19/2012 36185JAA7 3804 GMAC FDIC Insured 11/03/2009 2,000,000.00 2,049,880.00 1,998,691.51 1.750 AAA 1.784 729 10/30/2012 38146FAF8 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000,000.00 2,018,780.00 2,002,412.68 1.625 AAA 1.450 256 07/15/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000,000,00 2,056,700.00 2,013,507.27 2.200 AAA 1.770 592 06/1512012 49328CAA3 3770 Key Bank FDIC Insured 06/30/2009 2,000,000.00 2,090,540.00 2,037,606.31 3.200 AAA 2.000 592 06115/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000.00 2,030,800.00 2,010,657.80 2.000 AAA 1.390 325 09/22/2011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 1,021,130,00 1,002,090.37 1.800 AAA 1.660 561 05/1512012 Subtotal and Average 27,109,405.07 27,000,000,00 27,636,330.00 27,107,025.09 2,013 495 Money Market Acct SYS3802 3802 Union Bank-US Gov'tMMF 1,991,354,60 1,991,354.60 1,991,354.60 0.050 0.050 1 SYS3789 3789 Union Bank-US Trea MMF 0.00 0.00 0,00 0.020 AAAmf 0.020 1 Subtotal and Average 3,917,401.80 1,991,354.60 1,991,364.60 1,991,354.60 0.050 1 W Total and Average 147,479,664.35 142,191,097.70 143,088,810.70 142,278,142.29 1.412 542 W CD '=r CD 3 Portfolio CITY N AP un pate:i 1 108120 1 0.17:28 � PM(PRF_PM2)7.2.0 CD 3 N City of HB , Portfolio Management Page 3 00 Portfolio Details - Cash October 31, 2010 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 695.35 695.35 0 Subtotal 695.35 695.35 Total Cash and Investments 147,479,654.35 142,191,097.70 143,00,506.05 142,278,837.64 1.412 542 W C:) Portfolio CITY AP Run l)a,e:1110S� --17:28 (PRF_PM2)7.2.0 City of HB Portfolio Management Page 1 Activity By Type October 1, 2010 through October 31, 2010 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance .—I.................................... .............. Federal Agency Issues-Coupon 313370VGO 3853 Federal Home Loan Bank 0.800 10121/2010 0.00 3,000,000.00 3128X97C8 3824 Federal Home Loan Mort Corp 1.375 10/2712010 0,00 2,000,000.00 3136FMGHI 3818 Fed,Nafl Mort.Assoc. 1.550 10105/2010 0.00 2,000,000.00 3136FMHT4 3820 Fed,Nat'l Mort.Assoc. 2,000 10/15/2010 0.00 1,998,307.69 3136FMU93 3840 Fed.Nat'l Mort Assoc. 2.000 10120/2010 0.00 2,000,000,00 3136FPUM7 3861 Fed.Nat'l Mort.Assoc. 1.125 10/29/2010 2,998,500,00 0.00 Subtotal 2,998,500.00 10,998,307.69 53,210,019,50 ................................. ......... ............... ................... Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.480 38,329.63 0.00 SYS2206 2206 LAIF-Redevelopment Agency 0.480 35,753.37 38,753.37 Subtotal 17,181-10 38,763.37 59,969,743.10 ----------- ......... .......... ...................... Medium Term Notes Subtotal 27,107,025.09 ................................. ........................ ................ Money Market Acct (Monthly Summary) SYS3802 3802 Union Bank US Gov't IVIMF 0.050 12,956,178.94 14,327,000.00 A. Subtotal 12,958,1178.94 14,327,000.00 1,991,354.60 Total 16,033,761.94 25,364,061.06 142,278,142.29 CD 3 Portfolio CITY AP tun Dee:1110812010-17 2a PM tPRF_PM3�710 (0 Repcqt Ver 7.3 2 CD 3 tv City of HB Portfolio Management Page 1 Activity Summary October 2009 through October 2010 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 2009 49 150,346,976.41 1.888 1.914 0.646 1 2 788 600 November 2009 51 146,822,868.24 1.847 1.873 0.611 5 3 809 627 December 2009 53 151,113,246.79 1.670 1.693 0.569 5 3 762 599 January 2010 55 171,370,134.78 1.586 1.608 0.558 5 3 741 585 February 2010 54 165,290,104.23 1.687 1.710 0.577 1 2 800 618 March 2010 51 160,010,461.11 1.559 1.581 0.547 2 5 724 536 April 2010 55 160,226,735.19 1.432 1.452 0.588 9 5 662 499 May 2010 57 184,628,114.04 1.341 1.360 0.560 4 2 627 465 June 2010 55 188,112,806.29 1.331 1.350 0.528 5 7 634 460 July 2010 48 177,366,265.25 1.361 1,380 0.531 8 15 646 466 August 2010 47 162,076,756.20 1.320 1.338 0.513 7 8 641 453 September 2010 46 154,161,946.43 1.383 1.402 0.500 8 9 744 555 October 2010 42 147,479,664.35 1.393 1,412 0.480 1 5 752 542 Average 51 162,989,882.52 1.523% 1.544% 0.554 5 5 718 539 S W 4, IV Portfolio CITY AP Run Date:1110r 17:28 PM{PRF_PM4)7.2.G Report Ve:.7.3.2 City of HB Portfolio Management Page I Distribution of Investments By Type October 2009 through October 2010 October November December January February March April May June July August September October Average Security Type 2009 2009 2009 2010 2010 2010 2010 2010 2010 2010 2010 2010 2010 by Period Repurchase Agreements ........... ............ .......... ..................... Certificates of Deposit ----------------- ......... Commercial Paper_interest Bearing ...... ............... ------- ............ Federal Agency Issues-Coupon 44.1 44.8 43.1 42.4 45.2 39.9 36.7 33.8 319 34.2 33.8 40A 37,4 39.2% ........................... I.......................................--------------------- Local Agency Investment Funds 38.5 34.8 36.9 35.4 36.4 37.5 33.4 31.7 31.8 36-7 37.5 39.5 42.2 36.3% ............. ....... ............... ------------------------- ----------------------------- Treasury Securities-Coupon ---------- ......... .................... -------------------...................... ............... Medium Term Notes 15.7 18.5 16.7 16.0 17.0 17.0 15.1 14.3 14.4 16.6 17.0 17.9 19.1 16.6% Negotiable CD's ......................... Certificates of Deposit-Bank ............... ........------ ---------------------- .............- Mortgage Backed Securities ......1-11,............... ............. ......... Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 4.7 2,5 5,0 7.4 4.8 2.5 2.1% ..................... ........------ ........................... ................. ----------- Federal Agency Disc.-Amortizing 6.1 11.1 7.9 7.4 2.5% ............ -------------------- Treasury Discounts-Amortizing 8.8 0.7% ................... ............ Miscellaneous Discounts-Amortizing ------------- Money Market Acct 1.8 1.9 3.3 1.4 1.4 3.1 3.8 1.8 71 2.7 3.0 2.2 1.4 2.7%- ------------- -------- ...... Rolling Repurchase Agreements ......------ (D 3 Portfolio CITY AP tun Date: .110812010-IT28 PM(PRF-PMS)7.2.0 Repoi-,Ver 7.3.2 (D 3 N) City of 1-113 Portfolio Management Page I —x Interest Earnings Summary N) October 31, 2010 October 31 Month Ending Fiscal Year To Date ........--------- ........... .................... .......... ........... ................. CDICoupon/Discount Investments: Interest Collected 148,750.00 148,750.00 Plus Accrued Interest at End of Period 392,308.08 392,308.08 Less Accrued Interest at Beginning of Period 405,002.11) 405,002.11) Less Accrued Interest at Purchase During Period 0,00) 0.00) Interest Earned during Period 136,055.97 136,055.97 Adjusted by Premiums and Discounts -3,969.44 -3,969.44 Adjusted by Capital Gains or Losses 1,692.31 1,692.31 Earnings during Periods 133,778.84 133,778.84 ...................... ----------- .......................—----------- ...................... Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period 0.00) 0.00) Less Accrued Interest at Purchase During Period 0.00) 0-00) Interest Eamed during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 --------- ------ ---........---------- ............... ................................................... CashlChecking Accounts; Interest Collected 77,261.94 77,261.94 Plus Accrued Interest at End of Period 26,669.76 26,669.76 Less Accrued Interest at Beginning of Period 79,324.45) 79,324.45) Interest Earned during Period 24.607.25 24,607,25 Total Interest Earned during Period 160,663.22 160,663.22 Total Adjustments from Premiums and Discounts -3,969.44 -3,969.44 Total Capital Gains or Losses 1,692.31 1,692.31 Total Earnings during Period 158,386.09 158,386.09 Portfolio CITY AP Run Date-11108 ',7:28 PM(PRF_PMB)7.2.0 Report ver.7,3.2 f Statement of Cash Receipts and Disbursements and 7 Summary of Cash by Fund Office of the City Treasurer October 2010 Cash Receipts and Disbursements September 2010 October 2010 Recreipts Property Tax Receipts $2,549,994 $227,557 Utility Tax Receipts (UUT) 1,613,513 1,753,565 Sales Tax Receipts 1,869,637 11317,200 1/2 Cent Safety Sales Tax Receipts 129,729 125,380 Highway Users Tax Receipts (HUT) 0 300,272 (1) Transient Occupancy Tax Receipts (TOT) 770,659 505,027 All Other Receipts 19,062,067 23,349,557 Subtotal Receipts $25,995,599 $27,578,558 Disbursements All Other Disbursements (37,335,744} (36,933,292} Net Change in Cash Flow ($11,340,145) ($9,354,734) Summary of Cash by Fund September 2010 October 2010 General Fund $27,528,061 $27,554,021 Government Funds 755,103 848,237 Capital Funds 14,276,168 13,787,448 Debt Service Funds 1,898,987 411,131 Enterprise Funds 93,202,101 86,887,867 Fiduciary Funds 628,616 530,418 Special Revenue Funds 14,098,763 14,876,515 $152,387,799 $144,895,637 " Total cash will differ from investment portfolio total due to outstanding checks and/or other timing (1) The state paid partial apportionments for August and September. Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. Ciiy Treasurer Monthly Report of Receipts&Disbursements-xls October 2010 HB -45- Item 2. - 13 State of California Fooled Money Investment Account Market Valuation 10/31/2010 Ca�ryan�Cos#Plus ,: ©escr�p�t�on .,, Accrrued,Interes ,Purch I; �r Value ,, _: . Accrued interest United States Treasury: Bills $ 26,565,397,895.86 $ 26,626,125,250.00 NA Notes $ 6,649,307,534.12 $ 6,714,762,500.00 $ 17,822,432.00 Federal Agency: %.,. SBA $ 532,085,331.20 $ 530,806,391.68 $ 578,528.14 MBS-R! MICs $ 584,007,295.49 $ 624,819,365.47 $ 2,760,967,42 Debentures $ 649,989,742.00 $ 651,206,000.00 $ 799,994.50 Debentures FR $ 200,000,000.00 $ 200,060,000.00 $ 175,374.50 Discount Notes $ 7,278,004,85M2 $ 7,297,360,600.00 NA GNMA $ 63,032.56 $ 64,639,34 $ 62144 IBRD Deb FR $ 300,000,000.00 $ 300,873,000.00 $ 29,950.67 CDs and YCDs FR $ 600,000,000.00 $ 600,000,000.00 $ 428,589.56 Bank Notes $ 100,000,000.00 $ 99,999,997.34 $ 19,833.33 CDs and YCDs $ 4,800,000,000.00 $ 4,799,978,158.96 $ 808,513.89 Commercial Paper $ 7,608,374,244.44 $ 7,609,027,718.05 NA Corporate: Bonds FR $ - $ - $ - Bonds $ - $ - $ - Repurchase Agreements $ 500,000,000.00 $ 500,000,000.00 NA Reverse Repurchase $ - $ - $ - Time Deposits $ 4,191,650,000,00 $ 4,191,650,000.00 NA AB 55 &GF Loans $ 8,042,617,342.52 $ 8,042,617,342.52 NA TOTAL $ 68,601,497,277,81 $ 68,789,349,963.36 $ 23,424,807.45 Fair Value Including Accrued interest $ 68,812,774,770.81 Repurchase Agreements,Time Deposits,AS 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Item 2. - 14 HB -46- ATTACHMENT #2 ij He -47- Item 2. - 15 CD 3 !Q '>chedule of Bond Investments i ;Id by Fiscal Agent as of September 30, 2010 0') ummary of investments by type Market Value Market Value Par Value Investment Type as of 8/31110 as of 9/30110 $3,604,608 Local Agency Investment Fund (LAIF) $3,605,963 $3,604,608 $0 Federal Agency Issues $0 $0 $3,637,406 Investment Agreements $3,637,406 $3,637,406 $5,349,444 Money Market Funds $7,837,373 $5,349,444 $0 US Treasury Securities $0 $0 $12,591,458 $15,080,742 $12,591,458 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 8/31/10 as of 9/30/10 _ $1,159 City of Huntington Beach-2004 Judgment Obligation Bonds (Property Tax Refunds) $1,159 $1,159 W •L $2,205,828 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,205,828 $2,205,828 $1,649,250 Redevelopment Agency of Huntington Beach-2002"fax Allocation Refunding Bonds $1,649,250 $1,649,250 $503,416 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $692,208 $503,416 $2,043,643 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $3,399,266 $2,043,643 $2,620,592 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,620,546 $2,620,592 $1,257,279 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,257,258 $1,257,279 $311,391 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $172,876 $311,391 $3,157 Huntington Beach PFA-2000 Series A(Water System lmpv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $3,157 $3,157 $753,077 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $753,077 $753,077 $0 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $0 $0 $0 City of Huntington Beach- Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $0 $0 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $1,242,666 Huntington Beach Public Financing Authority Lease Refunding Bonds 2010 Series A $2,326,117 $1,242,666 $12,591,458 $15,080,742 $12,591,458 ATTACHMENT #3 Ha 49 Irem2 _ „ ;7 CD 3 City of Huntington Bead N Deferred Compensation Plan Summary Information as of September 30, 2010 00 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (6-30-10) (9-30-10) ICMA Retirement Corporation (457 Plan) $27,417,399 $517,609 ($851,905) $1,746,382 ($1,468) $28,828,017 ICMA Retirement Corporation (401 Plan) $1,050,744 $11,314 $0 $59,144 $0 $1,121,202 Nationwide Retirement Solutions (457 Plan) $51,355,277 $781,969 ($1,327,818) $2,941,871 ($525) $53,750,774 Total Deferred Compensation Plan Balances $79,823,420 $1,310,892 ($2,179,723) $4,747,397 ($1,993) $83,699,993 w e c� ATTACHMENT #'4 ue -51- Item 2. _ 19 ;:7 CD 3 City of Huntington Beach IV Retiree Medical Trust Information IV as of September 30, 2010 O Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (6-30-10) (9-30-10) CalPERS Retiree Medical Trust Account $7,961,673 $56,454 $917,764 ($875) $8,935,016 w E ATTACHMENT #5 _ He 53 Item z - 21 r+ CD 3 City of Huntington Beach N Supplemental Pension Trust Information I as of October 31, 2010 N N Ending Contributions/ Distributions/ Earnings Other Ending Balance Dividends Transfers (change in value) Balance (9-30-10) (10-31-10) Supplemental Pension Trust Account $28,164,919 $19,880 $676,159 ($11,977) $28,848,981 m cJ, ATTACHMENT #6 Ho -55- Item 2. - 23 CD N N Treasurer's eas4dreriv7 Report ' 6JEOQrd La FreddenriYiFA' CPA,, CCD®/ d VY FA., C FI MA October Treasurer' s Report - i � fa Shari L. Freidenrich , CPA, CCMT CPFA, CPFIM December 20, 2010 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM $ in 000's Financial Information: September October Inc./(Dec.) End of Month City Portfolio $151 .612 $142.278 ($9.334) End of Month Market Value $152.433 $143.089 ($9.344) Interest Earned for Month $0.165 $0. 158 ($0.007) Earned Interest Yield Year to Date 1 .54% 1 .26% ($0.003) Average Maturity ( in days) 555 542 (13) YTD Average Daily Balance $164.307 $147.480 ($16.827) $ in 000's Change From YTD Change Bgt. Change Receipts Thru October 10 Same Month % From Last % From Prior w Last Year Year Yr. Recei is 6 Property Tax Receipts Total $44 1 .7% $4 0.1% 5.0% - Prop ert Tax Receipts (GF) $127 9.9% $82 5.2% - 1% Sales Tax Receipts $4 0.3% $255 1 .5% 4.0% Utility Users Tax $31 1 .8% $783) (3.8%) 5. 1% , Transient Occu ancy Tax $58 13.0% $393 7.3% (0.4%) Highway Users Tax * $53 22.2% $6 0.2% (17.3%) - Real Property Transfer Tax $3 4.5% $107 16.8% 24.0%qM Foreclosures 14 56.0% 25 8.2% N/A CD * Chart shows allocation; the state is withholding portions of some payments until April 2011. 3 Difference between YTD % and Budget % is equal to or greater than 0% !� - • Difference between YTD % and Budget % is between (5%) and 0% Difference between YTD % and Budget % is greater than (5%) N U� _ 1 Council/Agency Meeting Held: Deferred/Continued to: 0A roved ❑ C nditionall Approved ❑ Denied y C rk's Si nature T Council Meeting Date: November 1, 2010 Depa ment ID Number: CT 11-003 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: Honorable Mayor and City Council Members SUBMITTED BY: Shari L. Freidenrich, CPA, City Treasurer PREPARED BY: Fred A. Wilson, City Administrator SUBJECT: Review and Accept City Treasurer's September 2010 Investment Summary Report Statement of Issue: Review and accept the Monthly Investment Report for September 2010 pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Financial Impact: Not Applicable. Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for September 2010, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. HB -11- Item 1 . - 1 REQUEST FOR COUNCIL ACTION MEETING DATE: 11/1/2010 DEPARTMENT ID NUMBER: CT 11-003 Analysis: Not Applicable. Environmental Status: Not Applicable. Strategic Plan Goal: Maintain financial viability and our reserves. Improve internal and external communication. Attachment(s): 1. Monthly Investment Report and Summary of Investments for September 2010 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. 1 Supplemental Pension Trust Investments 6. 1 September 2010 PowerPoint Presentation Item 1 . - 2 HB -12- ATTACHMENT # 1 Rio -13- Item 1 . - 3 City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds, Deferred Compensation, Retiree Medical Trust, and Deferred Compensation Trust Activity for September 2010 City Investment Portfolio: August September lnc.l(Dec.) End of month City Portfolio Balance $159,807,958 $151,612,411 ($8,195,547) End of Month Market Value $160,665,256 $152,433,005 ($8,232,251) End of month General Fund Balance $28,600,782 $27,528,061 ($1,072,721) Monthly Effective Rate of Return 1,25% 1.30% 0.05% Average Maturity( in days) 453 555 102 End of month bank cash balance $1,394,603 $1,385,608 ($8,995) Bond Proceeds Investments:* July August Inc./(Dec-) End of Month Bond Reserve Par Value $15,472,460 $15,080,742 ($391,718) End of Month Bond Reserve Market Value $15,472,460 $15,080,742 ($391,718) Deferred Compensation Investments:** June September Inc./(Dec.) Participant Balances $82,885,520 $83,699,993 $814,473 Retiree Medical Trust:** March June Inc./(Dec.) Trust Balance $8,646,473 $7,961,673 ($684,800) Supplemental Pension Trust: August September Inc.l(Dec.) Trust Balance $25,108,912 $28,164,919 $3,056,007 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $200,000 $165,220 ($34,780) Interest Earned Year to Date $2,400,000 $2,529,532 $129,532 Earned Interest Yield Year to hate 1.50% 1.54% 0.04% Average Daily Balance $160,000,000 $164,307,190 $4,307,190 *Bond Proceeds Statements are issued monthly and may lag by more than one month. "Deferred Compensation and Medical Retiree 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 $61,208,708 40% None 1141 2.09% Local Agency Inv. Fund (LAIF) $59,931,413 40% $60 million 1 0,50% Mediurn Term Notes $27,112,114 18% 20% 526 2.01 Money Market Acct $3,360,176 2% 10% 1 0.05O/c $151,612,411 100% 555 1.400/c Item 1 . - 4 HB -14- City of Huntington Beach 2000 Main St City o f H 8 Huntington Beach, Portfolio Management ei., ;> �\�04 Portfolio Summary �ou,N7�* September 30, 2010 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv, 365 Equly. Federal Agency issues-Coupon 61,230,000.00 61,506,616.30 61,208.707,92 40.37 1,367 1,141 2.061 2.089 Local Agency Investment Funds 59,931,413.47 59,931,413.47 59,931,413.47 39.53 1 1 0.493 0.500 Medium Term Notes 27,000,000,00 27,634,80D,00 27,112,113.80 17.88 1,071 526 1.985 2.013 Money Market Acct 3,350,175,66 3,360,175.66 3,360,175.56 2,22 1 0,049 0.050 151,521,689.13 152,433,005.43 _ 151,612,410.85 100.00% 744 555 1.383 1,402 Investments Cash and Accrued Interest Accrued Interest at Purchase 695.35 696,35 S u b tota i 695.35 695.35 Total Cash and Investments 151,521,589.13 152,433,700.78 151,613,106.20 744 555 1.383 1.402 ..._..--- ------- Total Earnings September 30 Month Ending Fiscal Year To Date Fiscal Year Ending s Current Year 165.219.55 2,529,531.57 2,529,531.57 cn Current Budget 200.000.00 2,400,000.00 2,400,000.00 Last Year Actual 252,821.00 5,107,095.00 5,107,095.00 Average Daily Balance 154,161,946.43 164,307,189.57 Effective Rate of Return 1.30% 1.54% 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 December 21, 2009. 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 Value provided by Union Bank via Interactive Data Corporation. �HA�. FREIDENAICH, CPA, CITY TREASURER 3 Reporting period 09101/2010-09130/2010 Portfolio CITY AP Run pate,1 ar,3/2C,0.14.47 PN(PRF_PM^,)7.2.0 1epert Ve,.7 12 CD 3 City of HB Portfolio Management Page Portfolio Details - Investments September 30, 2010 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate SAP 365 Maturity Date Federal Agency Issues-Coupon 31331 JRT2 3833 Federal Farm Credit Bank 05/15/2010 2,000,000,00 2,028.120.00 2.000,000.00 2.262 AAA 2.262 1,718 06/15/2016 31331JZK2 3850 Federal Farm Credit dank 08/26/201C 3,000000.00 3,002.820.00 3.000,000.00 1.050 AAA 1.050 1,060 08/26/2013 3133XUNB9 3785 Federal Home Loan Bank 0812612009 2,000,000.00 2,037,500,00 2,000,000.00 2.750 AAA 2.750 1,053 08/1912013 3133XVHP9 3801 Federal Home Loan Bank 11/16/2009 2,000,000.00 2,001,260.00 2,000,000.00 1.250 AAA 1.250 777 11/16/2012 313370EG9 3843 Federal Home Loan Bank 07/28/2010 2.000,000,00 2,012,500.00 2,000,000.00 1,125 AAA 2.572 1.761 07128/2015 31337ONA2 3849 Federal Home Loan flank 05/3012010 3,000,000.00 3,000,030.00 3,000,000.00 0.600 AAA 1.113 1,062 08/28/2013 313370VGO 3853 Federal Home Loan Bank 09/2V2010 3,000,000,00 3,000,930.00 3,000,000,00 0.800 AAA 0.800 721 09/21/2012 313370XW3 3859 Federal Home Loan Bank 09120/2010 3,230,000.00 3,239,076,30 3,230,000.00 1.550 AAA 1.550 1,445 09/15/2014 3128X7NF7 3644 Federal Home Loan Mort Corp C510512008 2,000,000.00 2,005.740,00 1,999,885.57 3.375 AAA 3.438 35 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,030,800.00 1,997,668.58 3.250 AAA 3.480 195 04/14/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000,00 2,009,320.CO 1,988,257.98 3.700 AAA 4.002 784 11123;2012 3128XBTZ5 3725 Federal Home Loan Mort Corp 0410SY2009 2,000,000.00 2,021,180,00 2,000,000.00 2.500 AAA 2.500 920 04/08/2013 312SX97C8 3824 Federal Home Loan Mort Corp 04/2712010 2,000,000.00 2,001,580,00 2,000,000.00 1.375 AAA 1.375 665 07127/2012 3134G1TX2 3855 Federal Home Loan Mort Corp 09/23/2010 2,000,000 00 2,OCC,640.00 2,000,000.00 1,500 AAA 1.500 1.361 06123/2014 3134GITYO 3856 Federal Home Loan Mort Corp O9/24/2010 2,000,000.00 2,005,420.00 2,000,000.00 1 250 AAA 2.318 1,819 09124/2015 3134G1UB2 3860 Federal Home Loan Mort Corp 09/23/2010 2,000,000.00 2,003,720.00 1,999,004.44 1.000 AAA 2.445 1.818 09/23/2015 3136F9MN0 3643 Fed. Nat'!Mort.Assoc. 04/29/2008 2,000,000.00 2.038,760,00 1,998,968.89 4.000 AAA 4,022 941 04/29/2013 W 3136FJCJ5 3794 Fed. Nat'l Mort.Assoc. 09117/2009 2,000,000,00 2,006,250.00 2,000,000.00 2.070 AAA 2 070 808 12/17/2012 -� 3136FJCF1 3803 Fed. Nat'l Mort.Assoc 11/05/2009 2,000,000,00 2,000,e20.00 2,000,000.00 1.150 AAA 2.924 1.131 11/05/2013 31398A676 3809 Fed. Nat'l Mort,Assoc. 121281200e 2,000,000.00 2,005,620,00 1,996,637.50 1.750 AAA 1,827 819 12128!2012 3i36FMGH1 3818 Fed. Nat'l Mort.Assoc. 04/0512010 2,000,000.00 2,000,000.00 2,000,000.00 1.550 AAA 1.550 735 1010512012 3135FMHT4 3820 Fed. Nat'l Mot.Assoc. 04/15/2010 2,000,000.00 2,001.260.00 1,998,283.76 2.000 AAA 2.032 1,018 07/1512013 3136FMVNI 3830 Fed. Nat'l Mort,Assoc. 06/17/2010 -,000,onoo 2,001.880.00 2,000,000.00 1.125 AAA 3.120 1,720 06/17/2015 3136FM023 3835 Fed.Nat'l Mort.Assoc. 06/26/2010 2,000,000.00 2,022.500.00 2,000,000.00 2.000 AAA 2.000 1,459 09129/2014 3136FMU93 3840 Fed.Nat'l Mort,Assoc. 07/20/2010 2,000,000.00 2,001.880.00 2,000,000.00 2.000 AAA 2.000 1,572 011201201,5 31398A2A9 3844 Fed.Nat'l Mort.Assoc. 08/05/2010 2,000,000.00 2,023.760,00 2,000.000.00 2.125 AAA 1,903 1,769 08/0512015 31398AK4 3854 Fed.Nat'l Mort.Assoc. 09/17/2010 3.000,000.00 3,004.680.00 3.000,000.00 1.125 AAA 1.125 1,082 09117/2013 31398A3S9 3858 Fed. Nat'l Mort Assoc. 09130/2010 2,000,000.00 1,998.760.0o 2,000,000.00 2.000 AAA 2,000 1,825 09130/2015 Subtotal and Average 56,296,696.10 61.230,000.00 61,506,616.30 61,208,707A2 2.089 1,141 Local Agency Investment Funds SYS982 982 Lai#City 29,931,413.47 29,931,413.47 29,931,413.47 0,600 1 13Y52205 2206 .AIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 0.500 N C 0,500 1 Subtotal and Average 5%331,413.47 59,931,413.47 59,931,413.47 59,931,413.47 0.500 1 Portfolio CITY AP RvnDate 1C113r?�+n.;c�r City of HB Portfolio Management Page 2 Portfolio Details - Investments September 30, 2010 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Medium Term Notes 05050SAJO 3734 Bank cfAmerica FDIC Insured 04/30/2009 2,000,000.00 2,063,500.00 2.018,191,13 2.375 AAA 1,830 630 06122/2012 084664AF5 3475 Berkshire Hathaway Fin 01117/2007 2,000,000.00 2,015,960.00 1,996,959.08 4,200 AA 5.023 75 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03130/2009 2,000,000.00 2,041,900.00 1,997,314.98 2.000 AAA 2.093 546 03130/2012 17313YAB7 3739 Citigroup FDIC Insured 05/05/2009 2,000,0X00 2.014.440.00 1,999,827.61 1,375 AAA 1,390 216 05/05/201 1 35967HBB2 3805 GE Capitaf FDIC Insured 11/03/2009 2,000,000.00 2,055,060.00 2.010.827.04 2.000 AAA 1.720 728 09/2812012 36967HAN7 3733 General Electric Cap FDIC Insu 04130/2009 2,000,000,00 2,051,020.00 2,015,448.26 2,250 AAA 1.701 528 03/12/2012 36967HAHO 3736 General Electric Cap FDIC Insu 04130/2009 7,000,000,00 2,056,080.00 2,011,412.47 2,200 AAA 1.850 616 06108/2012 36186CSF9 3763 GMAC FDIC Insured 06/30/2009 2,000,000.00 2,067,580.00 1,993,201.99 2.200 AAA 2.361 810 12119/2012 36165JAA7 3804 GMAC FDIC Insured 11/03/2009 2,000,000.00 2,046,320.00 1,998,636.92 1.750 AAA 1.784 760 10/30/2012 38146FAF8 3732 Goldman Sachs FDIC Insured 04127/2009 2,000,000.00 2,022,560.00 2,002.697,64 1,625 AAA 1A50 287 07/15/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000,000.00 2,056,640.00 2,014,201.14 2.200 AAA 1,770 623 05/15/2012 49328CAA3 3770 Key Bank FDIC Insured 06/30/2009 2,000,000.00 2,090,680.00 2,039,538.14 3,200 AAA 2.000 623 06/15/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04130/2009 2,000,000.00 2,032,180.00 2,011,653.85 2.000 AAA 1.390 356 091221201/ 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 1,020,880.00 1,002,203.57 1.800 AAA 1.680 592 05/16/2012 Subtotal and Average 27,114,$73.35 27,000,000.00 27,634,800.00 27,112,113.80 2,013 526 -— . .............._-. --_. —..—_ — Treasury Discounts-Amortizing CA Subtotal and Average 7,066,467.42 __...,..._._ _...._. ............ _. _.... — -__-_----..._- ..........— _..-.--- — Money Market Aco£ SYS3602 3802 Union Bank-US Gov't MMF 10/22/2009 3,380,175.66 3,360,176.66 3,360,176.66 0.050 Al Ar5 0.050 1 SYS3739 3789 Union Bank-US Trea MMF 0.00 0.00 0.00 0.020 AAAmf 0,020 1 Subtotal and Average 4,353,796.09 3,360,176.66 3,360,176.66 3,360,175.66 0.050 1 Total and Average 154,161,946.43 151,521,589.13 152,433,005.43 151,612,410.85 1.402 555 3 Portfolio CITY AP € ?un Date. .�.;3/2C4 C- , =7 P%4{PFZF Pfd<<"I 7.2.0 . 4 CD 3 City of HB Portfolio Management Page 3 0 Portfolio Details - Cash September 30, 2010 Average Purchase Stated YTM bays to CJSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 695.35 695.35 0 _.._............. Subtotal 695.35 695.35 Total Cash and Investments 154,161,946.43 151,521,585.13 152,433,700.78 151,613,106.20 1.402 555 4 00 i Portfolio CITY AP Rvn Dale:'of'" - -1 ta' "M(PRP_PM2)7.2.0 City of HB Portfolio Management Activity By Type gage September 1, 2010 through September 30, 2010 Stated Transaction Purchases Redemptions CUSIP Investment# issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331 GS26 3796 Federal Farm Credit Bank 2.350 09123/2010 coo 2,000,000.00 31331 GR92 3797 Federal Farm Credit Bank 1.850 09/28/2010 coo 2,000,000.00 3133XS7F2 3671 Federal Home Loan Bank 4,150 09/17/2010 0,00 2,000,000,00 313370VGD 3853 Federal Home Loan Bank 0.800 09/21/2010 3,000,000.00 0,00 31337OXW3 3859 Federal Home Loan Bank 1.550 09120/2010 3,230,000.00 0.00 3134G1TX2 3855 Federal Home Loan Mort Corp 1,500 09/23/2010 2,000,000.00 0.00 3134GiTY0 3856 Federal Home Loan Mort Corp 1.250 09/24/2010 2,000,000.00 0.00 3134G1UE2 3860 Federal Home Loan Mort Corp 1.000 09/2312010 1,999,000.00 0.00 3136FJZY0 3808 Fed.Nat'I Mort.Assoc. 1.500 09/28/2010 0,00 2,000,000.00 51398AJ29 3817 Fed.Nat'l Mort.Assoc. 2,100 09/1612010 0.00 1,998,285,71 31398A3L4 3854 Fed,Nat'l Mori,Assoc. 1.125 09/17/2010 3,000,000.00 0,00 31398A3S9 385E Fed.Nat'l Mort.Assoc. 2,000 09/30/2010 2,000,000.00 0,00 Subtotal 17,229,000.00 9,998,285,71 61,208,707.92 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.500 3,000,000.00 3,000,000.00 W Subtotal 3,000,000.00 3,000,000.00 59,931,413.47 Medium Term Notes Ct? Subtotal 27,112,113.80 Treasury Discounts-Amortizing 912795V73 3847 United States Treasury Bills 0.130 09/02/2010 0,00 5,000,000.00 912795VA6 3845 United States Treasury Bills 0.130 09/09/2010 0,00 4,000,000.00 91279SVB4 3852 United States Treasury Bills 0.165 09/16/2010 0,00 5,000,000.00 91272SU90 3857 United States Treasury Bills 0.120 09/03/2010 4,999,656.67 0.00 91,2795U90 3857 09/23/2010 0,00 6,000,000.00 Subtotal 4,999,666.67 19,000,000.00 0.00 Money Market Acct (Monthly Summary) SYS3B02 3802 Union Bank-US Gov't MMF 0.050 24,253,193.57 25,676,000.00 Subtotal 24,253,193.57 25,676,000.00 3,360,175.66 Total 49,481,860.24 57,674,286.71 151,612,410.86 CD 3 Portfolio CITY t AP Run Gate 1Cr^.3r2010•-.4 47 PN(PRF_PM3;72.: Reaort Ver.7.3.2 CD 3 City of HB Portfolio Management Page 1 Activity Summary CD September 2009 through September 2010 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 2009 50 173,226,879.22 1,902 1.929 0.750 9 12 762 594 October 2009 49 150,346,976.41 1.888 1.914 0.646 1 2 788 600 November 2009 51 146,3221868.24 1.847 1,873 0.611 5 3 809 627 December 2009 53 151,113,246.79 1.670 1.693 0.569 5 3 762 599 January 2010 55 171,370:134.78 1.586 1.608 0.558 5 3 741 585 February 2010 54 165,290,104.23 1,687 1.710 0.577 1 2 800 618 March 2010 51 160,010,461.11 1.559 1.581 0.547 2 5 724 536 April 2010 55 160,226,735.19 1.432 1,452 0.588 9 5 662 499 May 2010 57 184.628,114.04 1.341 1.360 0.560 4 2 627 465 June 2010 55 188.112,806.29 1.331 1.350 0.528 5 7 634 460 July 2010 48 177,366,265.25 1.361 1.380 0,531 8 15 646 466 August 2010 47 162,076,756.20 1.320 1.338 0,513 7 8 641 453 September 2010 46 154,161,946.43 1.383 1.402 0.500 8 9 744 555 Average 52 164,984,634.36 1.562% 1,584% 0,575 5 6 718 543 03 te,} E Palolio CITY AP oa;e,IC"', PM iPRr_Pu4,7,z,o Report Ver 7 3,2 City of HS Portfolio Management Page Distribution of Investments By Type September 2009 through September 2010 September omou", November oeoemuo, January February mam» April May June Jm/v August mnpwmm=, Average Security RepurchaseA e,ent�_______________________________________�___________________________________'__'_-_-____-_---_____--__- � ____'__-__ ce�ifi teso,00po*it _......... --_-__--_--_ .... ...... ___' ..... -'----------- Commercial Pa Interest Sea nn g FederalA n | Coupon 441 441 4*8 *31 424 452 aon 367 naG auu 342 338 40* 397% Treasury Securities Coupon Medium Term Notes 15.0 15.7 10.5 187 16.0 17.0 17.0 151 14J 14�4 16�8 17D l7g 1O2'� Negotiable CD's Certificates ofDeposit Bank ______________________________ Mortgage Backed Securities ............. Bankers ortizing _ _6- ___i l Paper obz -Amortizing �_7 � �____ �---- Federal �_1_% __ _ __._-_ -- ' _ __ __ Disc.-Amortizing &� 1��� 7�� 7�4 z��� _ Miscellaneous ][ Discounts-Amortizing ...... ______------�--'-------------'--------------------------------- �� Market Av# 2V 18 19 �8 14 1.4 �1 18 1.8 7.2 2J 1O 22 2��% OJ . � � � Repurchase Agreements �o ---�—''�'--- -'='---�--'-----'---''----------'------'----------------------------------------'--- ------------------- CID �� �� Portfolio CITY / AP —� n=oa!"^uo3!21,,:-,^4' rw(pRp-Pw,)r�s ;7 (D 3 City of HB Portfolio Management Page I N) Interest Earnings Summary September 30, 2010 September 30 Month Ending Fiscal Year To Date ................ —CD/Coupon/Discount Investments: Interest Collected 217,736.11 2:497,870.38 Plus Accrued Interest at End of Period 405,002,11 405,002.11 Less Accrued Interest at Beginning of Period 480,673.18) 673,630.76) Less Accrued Interest at Purchase During Period a 00) 0,00) Interest Earned during Period 142,068.04 2,229,241.73 Adjusted by Premiums and Discounts -3,121.48 -34,343.00 Adjusted by Capital Gains or Losses 1,714.29 8,022.82 Earnings during Periods 140,667.85 2,202,921.55 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period 0.00) 0.00) Less Accrued Interest at Purchase During Period 0.00) 0.00) DO Interest Earned during Period 0.00 0.00 I NJ NJ Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 ........... ................... ............. Cash/Checking Accounts: Interest Collected 193.57 383,776,54 Plus Accrued Interest at End of Period 79.679.11 79,679.11 Less Accrued Interest at Beginning of Period 55,310,98) 136,845,63) Interest Earned during Period 24,561.70 326.610.02 Total Interest Earned during Period 166,626.74 2,555,851.75 Total Adjustments from Premiums and Discounts -3.121.48 -34,343.00 Total Capital Gains or Losses 1,714.29 8,022.82 Total Earnings during Period 165,219.56 2,529,531.57 Portfolio CITY AP Run Da:e 01'. 14 47 -NI;PRF_PM6)7.2.0 Recort Ve,-.7.3.2 Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Office of the City Treasurer September 2010 Cash Receipts and Disbursements August 2010 September 2010 Receipts Property Tax Receipts $267,602 $2,549,994 Utility Tax Receipts (UUT) 1,743,498 1,613,513 Sales Tax Receipts 1,741,300 1,869,637 1/2 Cent Safety Sales Tax Receipts 160,947 129,729 Highway Users Tax Receipts (HUT) Transient Occupancy Tax Receipts (TOT) 797,084 770,659 All Other Receipts 15,913,068 19,062,067 Subtotal Receipts $20,623,499 $25,995,599 Disbursements All Other Disbursements ($30,810,613) 3f 7.335,744 Net Change in Cash Flow ($10,187,114) ($11,340,145) Summary of Cash by Fund August 2010 September 2010 General Fund $28,600,782 $27,528,061 Government Funds 853,564 755,103 Capital Funds 12,888,877 14,276,168 Debt Service Funds 4,736,483 1,898,987 Enterprise Funds 93,256,219 93,202,101 Fiduciary Funds 1,914,823 628,616 Special Revenue Funds 20,548,422 14,098,763 $162,799,170 $152,387,799 Total cash will differ from investment portfolio total due to outstanding checks and/or other timing (1) The state has not identified an amount to be paid for August or September 2010. Apportionments For August 2010 thru March 2011 will be withheld until April 2011. Note: Above information was obtained from the City's accounting system records_ The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts& Disbursements.xis September 2010 HB -23- Item 1 . - 13 State of California Pooled Money Investment Account Market Valuation 9/30/2010 Cart y>Ing Gost PIuS Description,;, . Accrued Interest Pirch Amofizeci Costai_r Ualue Accrued interest; United States Treasury: Bills $ 24,816,931,118,17 $ 24,858,325,694.52 $ 24,874,766,500.00 NA Notes $ 6,650,737,268.34 $ 6,650,737,268.34 $ 6,713,763,000.00 $ 20,297,606.50 Federal Agency: SBA $ 536,095,922.14 $ 536,095,922.14 $ 534,807,383.32 $ 582,741,65 MBS-REMICs $ 600,821,430.62 $ 600,821,430,62 $ 639,701,411.07 $ 2,837,845.26 Debentures $ 349,964,845.47 $ 349,964,845.47 $ 351,390,000.00 $ 1,645,424.50 Debentures FR $ 200,000,000.00 $ 200,000,000.00 $ 200,094,000.00 $ 114,289.00 Discount Notes $ 5,731,358,943.02 $ 5,738,936,818.03 $ 5,749,019,200.00 NA GNMA $ 65,019.66 $ 65,019.56 $ 66,65524 $ 643.17 IBRD Deb FR $ 300,000,000.00 $ 300,000,000.00 $ 300,786,000.00 $ 403,568.92 CDs and YCDs FR $ 600,000,000.00 $ 600,000,000.00 $ 600,000,000.00 $ 425,990.11 Bank Notes $ 200,000,000,00 $ 200,000,000.00 $ 200,001,332.02 $ 6,750.00 CDs and YCDs $ 6,590,000,000.00 $ 6,590,000,000.00 $ 6,589,992,339.44 $ 683,569 Commercial Paper $ 6,571,530,470.81 $ 6,573.108,985,25 $ 6,573,127,226.10 NA Corporate: Bonds FR $ - $ $ - $ - Bonds $ - $ - $ - $ Repurchase Agreement $ - $ - $ - NA___ Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 4,226,650,000.00 $ 4,226,650,000.00 $ 4,226,650,000.00 NA AB 55 &GF Loans $ 10,183,216,588.52 $ 10,183,216,588.52 $ 10,183,216,688.52 NA TOTAL $ 67,557,371,606.65 $ 67,607,922,572.45 $ 67,737,381,635.71 $ 26,998,428.56 Fair Value Including Accrued Interest $ 67,764,380,064.27 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 (1.001914850). As an example: if an agency has an account balance of$20,000,000.00,then the agency would report its participation in the LAW valued at$20,038,297.01 or$20,000,000.00 x 1.001914850. Item 1 . - 14 HB -24- ATTACHMENT #2 ye -25- Item , . - , 5 CD 3 71 Schedule of Bond Investments i Held by Fiscal Agent as of August 31, 2010 0') Summary of investments by type Market Value Market Value Par Value Investment Type as of 7/31/10 as of 8131/10 $3,605,963 Local Agency Investment Fund (LAIF) $3,613,177 $3,605,963 $0 Federal Agency Issues $0 $0 $3,637,406 Investment Agreements $3,637,406 $3,637,406 $7,837,3 3 Money Market Funds 7 $8,221,877 $7,837,373 $0 US Treasury Securities $0 $0 $15,080,742 $15,472,460 $15,080,742 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 7/31/10 as of 8/31/10 z W $1,159 City of Huntington Beach- 2004 Judgment Obligation Bonds (Property Tax Refunds) $116,328 $1,159 ry $2,205,828 City of Huntington Beach - 2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,205,828 $2,205,828 $1,649.250 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,396 $1,649,250 $692,208 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $506,095 $692,208 $3,399,266 Huntington Beach PFA- 2001 Series A(South Beach Improvements & Central Park Sports Complex) $2,041,828 $3,399,266 $2,620,546 Huntington Beach PFA- 2001 Series B(1993 Civic Center& Police Administration Bldg. Refinance) $4,8697033 $2,620,546 $1,257,258 City of Huntington Beach-2001 Community Facilities District (Grand Coast-Hyatt) $1,257,236 $1,257,258 $172,876 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $172,876 $172,376 $3,157 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $3,156 $3,157 $7537077 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $1,333,581 $753,077 $0 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $0 $0 $0 City of Huntington Beach - Multi-Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $0 $0 $0 HS Public Finance Authority 1992 Revenue Bonds $0 $0 $2,326,117 Huntington Beach Public Financing Authority Lease Refunding Bonds 2010 Series A $1,317,103 $2,326,117 $15,080,742 $15,472,460 $15,080,742 ATTACHMENT #3 CD City of Huntington Beach -' Deferred Compensation Plan Summary Information ' as of September 30, 2010 CD Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (6-30-10) (9-30-10) ICMA Retirement Corporation (457 Plan) $27,417,399 $517,609 ($851,905) $1,746,382 ($1,468) $28,828,017 ICMA Retirement Corporation (401 Plan) $1,050,744 $11,314 $0 $59,144 $0 $1,121,202 Nationwide Retirement Solutions (457 Plan) $51,355,277 $781,969 ($1,327,818) $2,941,871 ($525) $53,750,774 Total Deferred Compensation Plan Balances $79,823,420 $1,310,892 ($2,179,723) $4,747,397 ($1,993) $83,699,993 ra ATTACHMENT #4 HH -29- Item , _ ,9 CD 3 City of Huntington Beach -, Retiree Medical Trust Information ' as of June 30, 2010 N O Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (3-31-10) (6-30-10) CalPERS Retiree Medical Trust Account $8,646,473 ($678,827) ($5,973) $7,961,673 w w ATTACHMENT #5 CD 3 City oil Huntington Beach Supplemental Pension Trust Information fV as of September 30, 2010 N Ending Contributions/ Distributions/ Earnings Other Ending Balance Dividends Transfers (change in value) Balance (8-31-10) (9-30-10) Supplemental Pension Trust Account $25,108,912 $1,472,262 $1,583,745 $28,164,919 m w N ATTACHMENT #6 i ie -33- Item 1 . - 23 CD i -P Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM TREASURER' S REPORT f7F9 Shari La Freidenrich , CPA, CCMT CPFA, CPFIM November 1 , 2010 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPF/M Investment O bjectives • S afety • Liquidity W • Yield CD Slide 2 N CD 3 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM First Objective - Safety Investments Percentages By Quality Ratings Not Rated 40% t CJ e l � 4ji I I t t 7 ;I ffk y Y 5 AAA AA 59% 1 % Slide 3 i d A . a t sr ; F Y y i - ��. .................. ... v 2�r Xi,v i.�r SS�i133 (��{} .��m r ��i 5} i �• �E°r ��<t4�lx• ?y r3r �'w3�5 ky�`Sj.✓y rir - � - �- �4 Y ;:f v- 1 ' � I CD 3 s N Treasurer's Report - Shari L. Freidenrich, CPA, CCMT CPFA, CPFIM Investment 'balances Trends Annualized Average Daily Portfolio Balance (in millions) $225 $200 -- $175 ;, l r _ $150 $125 - 90 $100 $75 -- $50 $25 so Sep- Sep- Sep- Sep- Sep- Sep- Sep- Sep_ 96 04 05 06 07 08 09 10 Slide 5 Treasurer's Report - sharp L. Frerdenrich, CPA, CCMT, CPFA, CPFIM Second Objective - Liquidity Investment Maturities by Days, Ending September 2010 r^ 50% 42% fi:. : 0 41 40 /o :r 3 _ 30% `o 20% ° $°� 11 ° w 6% 10% 5°/° f ;f, 3% 3% . . 3% 19% S% 3% 3% 20% 10% 2009 2010 CD Slide 6 co CD 3 O Treasurer's Report o Shari L. Frefdenroch, CPA, CCMT, CPFA, CPFIM All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $35,000,000 $21 ,9899000 Z $25,0001000 w E $1550005000 e $550009000 ($53000,000) ($2,229,000) ($1590007000) f,815,000) ($95917,000) ($25,0001000) Oc#-10 Nov-10 Dec-1 0 Jan-11 Feb-11 Mar-11 Slide 7 treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Yields Trends MW 6.00% 6.00% 4.74% 5.00% 4.25% 4.85% 5.00% 4.00% ° 4.06%3.0= 4.00% 91 l0 4.00% w .170 ° , 3.50% 3.00% 3.00% 2.44% 2.52% 2.2 0 3 1 .54% 2.00% 2.00% 1.50% 9. 1 .00% ° 1 .00 /o _ 0.00% 0.00% m Sep-03 Sep-04 Sep-05 Sep-06 Sep-07 Sep-08 Sep-09 Sep-10 3 Slide 8 CD N Treasurer's Report - Shari L. Freldenrpoh, CPA, CCMT, CPFA, CFFIM Third 0 ective Yield J Annual Interest Earnings on Portfolio uWN -K"i } > i,.0 a •V - ':01en $12,000,000 5.00% $10,000,000 w 4.00% $$,000,000 E t 3.00% $65000,00 0 77 $4 3000,000 2.00% $2,0003000 1 ,00°/a r. $0 0.00% Sep-03 Sep-04 Sep-05 Sep-06 Sep-07 Sep-08 Sep-09 Sep-10 Slide 9 J t r 115 !R L f La �t •• �tsti:y,�s �I� n3� c ► � ` r � �i 1 1 J 1� 1, w , r+ CD i Treasurer's Report - Shari Ls Preidenrich, CPA, CCMT, CPFA, CPPIM Summary Recommendation to City Council Slide 11 Council/Agency Meeting Held:�� Deferred/Continued to: 14Appr . Condit�nall Ap roved De eT �� City lerl , Signal e 4 Council Meeting Date: October 18, 2010 Department ID Number: CT 11-001 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: Honorable Mayor and City Council Members SUBMITTED BY: Shari L. Freidenrich, CPA, City Treasurer PREPARED BY: Shari L. Freidenrich, CPA, City Treasurer SUBJECT: Review and Accept City Treasurer's August 2010 Investment Summary Report Statement of Issue: Review and accept the Monthly Investment Report for August 2010, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Financial Impact: 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 2010, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. m1�e Item 1. ® Page 1 REQUEST FOR COUNCIL. ACTION MEETING DATE: 1 0/1 81201 0 DEPARTMENT ID NUMBER: CT 11-001 Analysis: Not Applicable. Environmental Status: Not Applicable. Strategic Plan Goal: Maintain financial viability and our reserves. Improve internal and external communication. Attachment(s): NO Dfw cript . 1. Monthly Investment Report and Summary of Investments for August 2010 2. Schedule of Bond Investments 3. Deferred Compensation Plan-Summary Information 4. Retiree Medical Trust Investments 5. Supplemental Pension Trust Investments 6. August 2010 PowerPoint Presentation Item 1® - Page 2 -16- ATTACHMENT # ! -17- Item 1. - Page 3 City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds, Deferred Compensation, Retiree Medical Trust, and Deferred Compensation Trust Activity for August 2010 City Investment Portfolio: July August Inc./(Dec.) End of month City Portfolio Balance $163,254,486 $159,807,958 ($3,446,528) End of Month Market Value $164,131,503 $160,665,256 ($3,466,247) End of month General Fund Balance $35,796,222 $28,600,782 ($7,195,440) Monthly Effective Rate of Return 1.31% 1.25% -0.06% Average Maturity ( in days) 466 453 (13) End of month bank cash balance $1,562,045 $1,394,603 ($167,442) Bond Proceeds Investments:* June July Inc.I(Dec.) End of Month Bond Reserve Par Value $12,566,339 $15,472,460 $2,906,121 End of Month Bond Reserve Market Value $12,566,339 $15,472,460 $2,906,121 Deferred Compensation Investments:** March June Inc.l(Dec.) Participant Balances $82,885,520 $79,823,420 ($3,062,100) Retiree Medical Trust:** March June Inc.I(Dec.) Trust Balance $8,646,473 $7,961,673 ($684,800) Supplemental Pension Trust: July August Inc.l(Dec.) Trust Balance $25,710,507 $25,108,912 ($601,595) Comparison to Budget! City Portfolio: Budget Actual Inc.1(Dec.) Interest Earned for Month - $200,000 $172,625 ($27,375) Interest Earned Year to Date $2,200,000 $2,364,312 $164,312 Earned Interest Yield Year to Date 1.50% 1,56% 0.06% Average Daily Balance $160,000,000 $165,215,719 $5,215,719 "Bond Proceeds Statements are issued monthly and may lag by more than one month, —Deferred Compensation and Medical Retiree 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 $53,976,837 34% None 1059 2.34% Local Agency Inv. Fund (LAIF) $59,931,413 37% $60 million 1 0.51% Medium Term Notes $27,117,203 17% 20% 556 2.01% Treasury Discounts -Amortizing $13,999,523 9% None 8 0.15% Money Market Acct $4,782,982 3% 10% 1 0.05% $159,807,958 100% 453 1.34% Item 1. - Page 4 ®��- � crop � - F City of Huntington Beach City of HB 2000MainSt - Huntington Beach, Y ...: Portfolio Management Portfolio Summary �DUNTY CP August 31, 2010 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 54,000,000.00 54,303,940.00 53,976,637.05 33.78 1,355 1,059 2.307 2.339 Local Agency Investment Funds 59,931,413.47 59,931,413.47 59,931,413.47 37.50 1 1 0.505 0.513 Medium Term Notes 27,000,000.00 27,647,390-00 27,117,202.52 16.97 1,071 556 1.985 2.013 Treasury Discounts-Amortizing 14,000,000.00 13,999,530-00 13,999,522.64 8.78 18 8 0.144 0.146 Money Market Acct 4,782,982.09 4,782,982.09 4,782,982.09 2.99 1 1 0.049 0,050 Investments 159,714,395.56 160,665,255.56 159,807,957.80 100.00% 641 463 1.320 1.338 Total Earnings August 31 Month Ending Fiscal Year To Date Fiscal Year Ending --- _.._ --- - -._ ....... .. -- - ... - ---- -- -_-.... ........... ..................._.,...._. . .. ..-..__...........,. Current Year 172,624.75 2,364,312.03 Current Budget 200,000.00 2,200,000.00 2,400,000.00 Last Year Actual 164,020.00 4,854,274.00 5,107,095.00 e Average Daily Balance 162,076,756.20 165,215,718.81 Effective Rate of Return 1.25% 1,56%fl a I certify that this report accurately reflects all City and Redevelopment Agency pooW investments and is in conformity with ail State laws and the investment policy statement filed with the City Council on December 21, 2009. 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 obligatio . Market Valupzprovided by Union Ba k via Interactive Data Corporation. g SIdARI LAREIDENPXH,CPA.CITY TREASURER try e Reporting period 08/01/2010-08/3112010 Portfolio CITY pppp AP 1� Run Date:09113=10-15:13 PM(PRF PM1)7.2.0, Report Ver 7.3.2 City of HB Portfolio Management page 4 ° Portfolio Details - investments August 31, 2010 Average Purchase Stated YTM Days to Maturity ,V cu$'P Investment# issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Federal Agency Issues-Coupon 31331GS26 3796 Federal Farm Credit Bank 09/23/2009 2,000,000-00 2,002,500.00 2,000,000.00 2.350 AAA 2.350 1,118 09/23/2013 31331GR92 3797 Federal Farm Credit Bank 09/28/2009 2,000,000.00 2,002,500.00 2,000,000.00 1,850 AAA 1.850 758 09128/2012 31331JRT2 3833 Federal Farm Credit Bank 06/15/2010 2,000,000.00 2,031,880.00 2,000,000.00 2.262 AAA 2.262 1,748 06/15/2016 31331JZK2 3850 Federal Farm Credit Bank 08/26/2010 3,000,000.00 2,999,070.00 3,000,000.00 1-050 AAA 1.050 1,090 08126/2013 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,003,120.00 2.000,000.00 4.150 AAA 4.150 1,112 09/17/2013 3133XUNE9 3785 Federal Home Loan Bank 08/26/2009 2,000,000.00 2,041,260.00 2,000,000.00 2,750 AAA 2.750 1,083 08119/2013 3133XVHP9 3301 Federal Home Loan Bank 11/1612009 2,000,000.00 2,001,880-00 2,000,000.00 1.250 AAA 1.250 807 11/16/2012 313370EG9 3843 Federal Home Loan Bank 07/2812010 2,000,000.00 2,010,620.00 2,000,000.00 1.125 AAA 2,572 1,791 07/28/2015 31337ONA2 3849 Federal Home Loan Bank 08/30/2010 3,000,000,00 3,000,030.00 3,000,000,00 0.600 AAA 1.113 1,092 08/26/2013 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000,00 2,010,840-00 1,999,786.67 3-375 AAA 3.438 65 11105/2010 3128X7JK1 3645 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,035,150,00 1,997,306-29 3,250 AAA 3,480 225 04/14/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 0512312GOB 2,000,000.00 2,014,380 00 1,987,801.68 3.700 AAA 4.002 814 11/2312012 3128XBTZ5 3725 Federal Home Loan Mort Corp 04/0812009 2,000,000.00 2,024,320.00 2.000,000.00 2,500 AAA 2.500 950 04/08/2013 3128X97C8 3824 Federal Home Loan Mort Corp 04/27/2010 2,000,000.00 2,003,220.00 2,000,000.00 1.375 AAA 1.375 695 0712712012 3136F9MNO 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000,00 2,044,380,00 1.998,935.56 4.000 AAA 4.022 971 04/29/2013 3136FJCJ8 3794 Fed.Nat'I Mort.Assoc. O9/1712009 2,000,000.00 2,008,120.00 2,000.000-00 2.070 AAA 2.070 838 12/1712012 ® 3136FJQF1 3803 Fed,Nat'l Mort,Assoc. 11/05/2009 2,000,000.00 2,001,880.00 2,000,000.00 1.150 AAA 2.924 1,161 11/0512013 3136FJZYD 3603 Fed.Nat'l Mort,Assoc. 12/28/2009 2,000,000.00 2,001,260.00 2,000,000.00 1.500 AAA 2.364 758 09/2812012 31398AS76 3809 Fed.Nat'l Mort.Assoc. 12/28/2009 2,000,000.00 2,007,500.00 1,996,512.50 1.750 AAA 1.627 849 12/28/2012 31398AJ29 3817 Fed.Nat'l Mort.Assoc. 03/1612GI0 2,000,000.00 2,001,260.00 1,998,261.90 2.100 AAA 2,130 1,111 09/16/2013 3135FMGHI 3815 Fed.Nat'l Mort.Assoc. 04/05/2010 2,000,000,00 2,001,880.00 2,000.000.00 1.550 AAA 1,550 765 10/05/2012 3135FMHT4 3820 Fed,Nat'l Mort.Assoc. 04/1512010 2,000,000.00 2,003,760.00 1,998,232.48 2.000 AAA 2.032 1.048 07/15/2013 3136FMVN1 3830 Fed. Nat'l Mart Assoc. 06/17/2010 2,000,000.00 2,002,500.00 2,000,000.00 1.125 AAA 3.120 1.750 05/17/2015 3136FMQ23 3835 Fed. Nat'I Mort.Assoc. 06/28/2010 2,000,000.00 2,023,120.00 2,000,000.00 2,000 AAA 2.000 1.489 09/29/2014 3136FMU93 3840 Fed.Nat'l Mort.Assoc. 07/20/2010 2,000,000.00 2,004,380.00 2,000,000.00 2.000 AAA 2,000 1,602 01/2012015 31398A2A9 3844 Fed.Nat'l Mort.Assoc. 08/05/2010 2,000,000.00 2,023,120.00 2,000.000.00 2.125 AAA 1.903 1,799 08/05/2015 Subtotal and Average 53,306,822.44 54,000,000.00 54,303,940.00 53,976,837.08 2,339 1,059 ................- ---... ........................__..._.. .- --- ---. .- --._... _..- ..,... . -- ._ . __..... Local Agency Investment Funds SYS982 982 Laif City 29,931,413.47 29,931,413,47 29,931,413.47 0.513 0,513 1 SYS2206 2205 LAIP-RedevelopmentAgency 30,000,000.00 30,000,000-00 30,000,000.00 0.513 0.513 1 Subtotal and Average 59,931,413.47 59,931,413.47 $9,931,413.47 59,931,413.47 0.513 1 ---- -- - -... _.. . .... ..... .------- Medium Term Notes 06050SAJO 3734 Bank of America FDIC Insured 04/30/2009 2,000.000.00 2,063,340-00 2,019,069.93 2.375 AAA 1.830 660 06/22/2012 084654AFB 3475 Berkshire Hathaway Fin 01117/2007 2,000,000.00 2,022.860.00 1,995,726,25 4.200 AAA 5.023 105 12/15/2010 Portfolio CITY AP Run Elate 69113" '-t5:38 "n(PRF_PM2)7.2.O RwoR Ver.7-3-2 City of HB Portfolio Management Page 2 Portfolio Details - Investments August 31, 2010 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Medium Term Notes 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,042,420,00 1,997,165.54 2.000 AAA 2.093 576 03/30/2012 17313YA87 3739 Citigroup FDIC Insured 05/05/2009 2,000,000.00 2,018,120.00 1,999,803.44 1.375 AAA 1,390 246 05105/2011 35967HB82 3805 GE Capital FDIC Insured 11103/2009 2,000,000.00 2,054,380.00 2,011,280.06 2.000 AAA 1.720 758 09128/2012 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000,00 2,052,620.00 2,016,337.79 2.250 AAA 1.701 558 03/12/2012 36967HAHO 3735 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,056,46D.00 2,011,975.51 2.200 AAA 1,850 646 08/08/2012 36186CBF9 3763 GMAC FDIC Insured 06/30/2009 2,000,000.00 2,063,740.00 1,992,946.42 2.200 AAA 2.361 840 12/19/2042 35185JAA7 3804 GMAC FDIC Insured 11/03/2009 2,000,000.00 2,043,600,00 1,998,582.32 1.750 AAA 1,784 790 10/3012012 38146FAF8 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000,000.00 2,023,140.00 2.002.982.61 1,626 AAA 1.450 317 07115/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000,000.00 2,058,400.00 2,014,895.00 2.200 AAA 1.770 653 06/1512012 49328CAA3 3770 Key Bank FDIC Insured 06/30/2009 2,000,000.00 2,092,740.00 2,041,469.97 3.200 AAA 2,000 653 06/15/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000.00 2,034,720.00 2,012,649.91 2.000 AAA 1.390 386 0912212011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,00G,co 1,020,830.00 1,002,316.77 1.800 AAA 1.660 622 05/15/2012 Subtotal and Average 27,119,582.50 27,000,000.00 27,647,390.00 27,117,202.52 2.013 556 -- - .......... ....... — -. .__.__.- ._ ._ Commercial Paper Disc.-Amortizing e Subtotal and Average 2,322,476.45 — .....__.... .,.-- _. .....---- .... - -- ...........................- ---.... -- - ...........,......._...-^_... ..._ .__ ....... ® Federal Agency Disc.-Amortizing Subtotal and Average 10,096,354.23 ......_. ..............._—._.__.. --— -- ..__........_....... ._—_.......- Treasury Discounts-Amortizing 912795V73 3847 United States Treasury Bills 08/1912010 5,000,000,00 5,000,000.00 4,999,981.94 0,130 AAA 0.134 1 09102/20/0 912795VAG 3848 United States Treasury Bills 08119/2010 4,000,000.00 3,999,880.00 3,999,884.45 0.130 AAA 0.134 8 09/09/2010 912795V64 3852 United States Treasury Bills 08/26/2010 5,000,000-00 4,999,650.00 4,999,656.25 0.165 0.170 15 09/16/2011 0 Subtotal and Average 4,741,720.06 14,000,000.00 13,999,530.00 13,999,522.64 0.146 8 Money Market Acct �. SYS3802 3802 Union Bank-US Gov't MMF 10122/2009 4,782,982.09 4,782,982.09 4,782,982.09 0.050 AAA 0.050 1 �. SYS3789 3789 Union Bank-US Trea MMF 0.00 0.00 0.00 0,020 AAA 0.020 1 Subtotal and Average 4,558,387.04 4,782,982.09 4,782,982.09 4,782,982.09 0.050 1 0 Portfolio CITY AP Run Date 09/13/2010-I5:18 PM/PRF PN2)7.2.0 M City of HB portfolio Management Page 3 ° Portfolio Details - Investments August 31, 2010 Average Purchase Stated YTM Days to M CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Total and Average 162,076,756.20 159,714,395.56 160,666,255.56 159,807,957.80 1.338 453 e e Portfolio CITY AP Run Date:0903r -1)-1518 (PRP_PM2)7.2,0 City of 1113 Portfolio Management Page i Activity By Type August 1, 2010 through August 31, 2010 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331GL98 3780 Federal Farm Credit Bank 3.150 08/26/2010 0.00 2,000,000.00 31331JZK2 3850 Federal Farm Credit Bank 1.050 08/26/2010 3,000,000.00 0.00 3133XVHTI 3300 Federal Home Loan Bank 2.625 08/1012010 0.00 2,000,000.00 513370NA2 3849 Federal Home Loan Bank 0.600 QS/301201 0 3,000,000.00 0,00 3136FJ6D8 3816 Fed.Nat'l Mort.Assoc. 2,100 08/26/2010 0.00 2,000,000.00 3136FMMM3 3822 Fed,Nat'l Mort.Assoc. 3.000 08/0412010 0.00 2,000,000.00 31359MYN7 3837 Fed.Nat'l Mort.Assoc. 4.250 0811512010 0,00 1,802,000.00 31398A2A9 3544 Fed.Nat'l Mort.Assoc. 2.125 0610512010 2,000,000.00 0,00 Subtotal 8,000,000.00 9,802,000.00 53,976,837.08 ...........__....... .......................... ....... ............ .............. ............ Local Agency Investment Funds (Monthly Summary) Subtotal 59,931,413.47 ............... .................. Medium Term Notes Subtotal 27,117,202.52 ---------- Commercial Paper Disc.-Amortizing 36959JHK2 3846 General Electric Capital Corp 0.190 0811912010 0.00 4,000,000.00 Subtotal 0100 4,000,000.00 0.00 ...................... ............ ............... ....................... Federal Agency Disc.-Amortizing 313385D37 3845 Federal Home Loan Bank 0.140 08/25/2010 0.00 12,000,000.00 313385D86 3851 Federal Home Loan Bank 0,100 08/2512010 4,999,930,66 0.00 313385D85 3861 08/30120l 0 0,00 5,000,000,00 Subtotal 4,999,930.56 17,000,000.00 0.00 Treasury Discounts-Amortizing 912795V73 3847 United States Treasury Bills 0.130 08119/2010 4,999,7 47,22 0,00 912795VA6 3848 United States Treasury Bills 0.130 06/1912010 3,999,696.67 0.00 912795VB4 3852 United States Treasury Bills 0.165 0812612010 4,999,518.75 0.00 Subtotal 13,998,962.64 0.00 113,999,522.64 ............................. ............................ —------- .............. ................... mh Money Market Acct (Monthly Summary) 0 a SYS3802 3802 Union Bank-US Gov't MMF 0.050 19,594,223,28 19,233,000.00 Subtotal 19,594,223.28 19,233,000.00 4,782,982.09 Portfolio CITY AP PMPRF—PM3)7.2.0 Report Ver 7.3.2 M City of HB °ob Portfolio Management ° Page 2 ® Activity By Type August 1, 2010 through August 31, 2010 8�8 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Total 46,593,116.48 50,035,000.00 159,807,957.80 0 Portfolio CITY AP Run Date:0911: i5:18 PM(PRF_PM`s)7.2.0 City of HB Portfolio Management Page 1 Activity Summary August 2009 through August 2010 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 2009 53 185,785,442.19 1.748 1.772 0.925 16 26 616 451 September 2009 50 173,226,879,22 1.902 1.929 0.750 9 12 762 594 October 2009 49 150,346,976.41 1.888 1.914 0.646 1 2 788 600 November 2009 51 146,822,868.24 1.847 1,873 0.611 5 3 809 627 December 2009 53 151,113,246.79 1.670 1.693 0.569 5 3 762 599 January 2010 55 171,370,134.78 1.536 1.608 0,558 5 3 741 585 February 2010 54 165,290,104.23 1.687 1.710 0.577 1 2 800 618 March 2010 51 160,010,461,11 1.559 1.581 0.547 2 5 724 536 April 2010 55 160,226,735.19 1.432 1.452 0.588 9 5 662 499 May 2010 57 184,628,114.04 1.341 1.360 0.560 4 2 627 465 June 2010 55 188,112,806.29 1.331 1.350 0.528 5 7 634 460 July 2010 48 177,366,265.25 1.361 1.380 0.531 8 15 646 466 August 2010 47 162,076,756.20 1.320 1.338 0.513 7 8 641 453 e Average 52 167,432,881.03 1.590% 1.612% 0.608 6 7 709 535 t79 0 Portfolio CITY AP Run Dale:0W131201 0-1 5:18 PM(PRF_PM4)7.2,0 Report Ver.7.3.2 3 EA City of HB u Portfolio Management Page 1 Distribution of Investments By Type 0 August 2009 through August 2010 August September October November December January February March April May June July August Average (D Security Type 2009 2009 2009 2009 2009 2010 2010 2010 2010 2010 2010 2010 2010 by Period Repurchase Agreements Certificates of Deposit .............. -.... _... --.... -....._ ._ ---- ----- ---- . ......___. . .........._---. ........_.... ..---... . -_.._ .......... .. .....--- ... - _.._..__.... ...._ . .......... Commercial paper-Interest Bearing -- .....-- --_ ........ _._. ..... _... .. .. -- . . .._. _ .................--- _. ,.. ...... .. ..- -- . .. _.._ _.......... --.._ ..., __...... Federal Agency Issues-Coupon 37.5 44.1 44.1 44.8 43.1 42.4 45.2 39.9 36.7 33.8 33.9 34.2 33.8 39.5% g... .y .......... ..._._-..__.... .. .. .-__... - ......._-..._._. _-._............. ..- -- .. _._ .. .... --._._.... ................_...-- -..... . ._.............-----_.... .. Local Agency Investment Funds 31.1 38.9 38.5 34.8 36.9 35.4 36.4 37.5 33.4 31.7 31.8 36.7 37.5 35.4% -- - ........... ... ... .......-_... ..-.._ Treasury Securities-Coupon .._ .._.......-_--- _._._..._.... - ----... .................._-----.. __ ------ Medium Tenn Notes 12.7 15.0 15.7 18.5 16.7 16.0 17.0 17.0 15.1 14.3 14.4 16.6 17.0 15.9% -...._... _- .. ........ .._. _......... .-.__.. Negotiable CDs -----.. -._... . ......_. _ - -.....--- -...._ --.. .... ...... _.....-.....- --... _.... Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing ----.... . .._._... .__........---.__,... ............. - ....__-_.._... ..............__.-._... .. ._.... ._._...._..._-.. - ---.._ . .... - ................_.-. . .. --------......... ......,....._-,..---------- ...... -- .... ........ - .. .. ...... - Commercial Paper Disc.-Amortizing -3.3 4.7 2.5 5.0 7.4 4.8 2.5 2.3% - .... _..._-...... _----........,..._ _..._.. ................----. .. ..... . . ..........,.------.. ----- - --- ... _ .. ._._._.....__. _ �.... .- Federal Agency Disc.-Amortizing 15.4 6.1 11.1 7.9 7.4 3.7% -.._..- ._..........,....--...... ...................- -- ----_.. . -- ..... - Treasury Discounts-Amortizing 8.8 0.7% ......_...---._.. -_ .__......--- -- -.... - .. . Miscellaneous Discounts-Amortizing ...... .. - -,.,. .......-------- _.. ._ ...........-.- . . ......... .. . ...,..................- ..... - -.... ...,... .----- Money Market Aect 2.0 1.8 1.9 3.3 1 A 1.4 3.1 3.8 1.8 7.2 2.7 3 0 2.6% -Rolling Repurchase Agreements Portfolio CITY AP Rvn Dates 09/% 15:18 Pm(Pf2F_PlN5)7.2.0 ReOoft Ver.7.3.2 City of HB Portfolio Management Page 1 Interest Earnings Summary August 31, 2010 August 31 Month Ending Fiscal Year To Date --........... ........ ....,..--....... _ - .._.,_.. _ .. ....... .......... .,., _ .. ................. .. ......_._._.. CD1Coupon/Discount Investments: Interest Collected 150,792.50 2,280,134,27 Pius Accrued Interest at End of Period 480,673.18 480,673,18 Less Accrued Interest at Beginning of Period ( 480,502.10) { 673,630.76) Less Accrued Interest at Purchase During Period ( 0.00) { 0.00) Interest Earned during Period 150,963.58 2,087,176.69 Adjusted by Premiums and Discounts -4,644.45 -31,221.52 Adjusted by Capital Gains or Losses 0.00 6,308.53 Earnings during Periods 146,319.13 2,062,263.70 — ... ...._..__�_.... ---.._,-. ---._.......---- .....................----- _..._....----....._.._.........._........... —.....--------- ......._.,..__....—_ ......__._....-----------............,.._...........—_....._..............- ....... Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period { 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) y ' Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 223.28 383,582.97 Pius Accrued Interest at End of Period 55,310.99 55,310.99 ® Less Accrued Interest at Beginning of Period ( 29,228.65) ( 136,845.63) a�F Interest Earned during Period 26,305.62 302,048.33 Total Interest Earned during Period 177,269.20 2,389,225.02 Total Adjustments from Premiums and Discounts -4,644.45 -31,221.52 ■ Total Capital Gains or Losses 0.00 6,308.53 "® Total Earnings during Period 172,624.75 2,364,312.03 Portfolio CITY AP ;or.Date:0911320.0-15*18 PM(PRF_PM6)7.2,0 Report Ver.7,3,2 i 'a Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Office of the City Treasurer August 2010 Cash Receipts and Disbursements July 2010 Auqust 2010 Receipts Property Tax Receipts $867,433 $267,602 Utility Tax Receipts (UUT) 1,552,385 1,743,498 Sales Tax Receipts 1,306,000 1,741,300 1/2 Cent Safety Sales Tax Receipts 127,016 160,947 Highway Users Tax Receipts (HUT) 143,343 0 (1) Transient Occupancy Tax Receipts (TOT) 585,841 797,084 All Other Receipts 19,353,369 15,913,068 Subtotal Receipts $23,935,387 $20,623,499 Disbursements CalPERS Pension Prepayment ($11,400,000) (2) 0 All Other Disbursements (35L430,316) (30,810,613) Net Change in Cash Flow ($22,894,929) ($10,187,114) Summary of Cash by Fund July 2010 August 2010 General Fund $35,796,222 $28,600,782 Government Funds 1,034,937 853,564 Capital Funds 13,721,982 12,888,877 Debt Service Funds 5,111,694 4,736,483 Enterprise Funds 90,897,850 93,256,219 Fiduciary Funds 1,596,699 1,914,823 Special Revenue Funds 17,128,852 20,548,422 $166,288,236 $162,799,170 *Total cash will differ from investment portfolio total due to outstanding checks and/or other timing (1) The state will withhold payments for August 2010 thru March 2011 until April 2011. (2) Item represents a significant cash payment during the month. Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio, This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts& Disbursements.xis August 2010 Item 1® - Page 14. -28- State of-California - Pooled Money Investment Account Market Valuation 8/31/2010 Carry�n� Gost Plus Descrrption Accrued nte rch, United States Treasury, Bills $ 24,963,909,260.65 $ 25,025,086,000.00 NA Notes $ 6,650,737,268.34 $ 6,714,388,500.00 $ 19,867,605.00 Federal Agency: SBA $ 539,856,586.66 $ 536,533,485.66 $ 586,746.17 MBS-REMICs $ 620,234,139.48 $ 660,161,438.02 $ 2,930,517.14 Debentures $ 349,964,845.47 $ 351,486,000.00 $ 1,416,881.50 Debentures FR $ 200,000,000.00 $ 200,216,000.00 $ 55,174.00 Discount Notes $ 6,045,526,981,90 $ 6,061,860,100.00 NA GNMA $ 66,984.32 $ 68,669.84 $ 662.67 IBRD Deb FIR $ 300,000000.00 $ 301,119,000,00 $ 222,866.42 CDs and YCDs FIR $ 600,000,000.00 $ 600,000,000.00 $ 153,333.45 Bank Notes $ 200,000,000.00 $ 200,000,000.00 $ 250,000.00 CDs and YCDs $ 6,395,017,771.32 $ 6,395,387,862.60 $ 2,939,847.21 Commercial Paper $ 5,500,650,444.47 $ 5,502,661,954.44 NA Corporate: Bonds FIR $ 100,053,616.76 $ 100,014,000,00 $ 124,302.11 Bonds $ - $ - - $ - Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 4,198,150,000.00 $ 4,198,150,000.00 NA AB 55&GF Loans $ 11,328,739,650.44 $ 11,328,739,650.44 NA TOTAL $ 67,992,907,549.81 $ 68,175,872,661.00 $ 28,547,935.67 Fair Value Including Accrues! Interest $ 68,204,420,596.67 Repurchase Agreements,Time Deposits,AB 55&General Fund loans,and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). -29- Item 1 . ® Page 15 ATTACHMENT #2 Item 7 . - Page 16 ao. Schedule of Bond Investments Held by Fiscal Agent as of July 31, 2010 Summary of investments by type Market Value Market Value Par Value Investment Type as of 6130/10 as of 7/31/10 $3,613,177 Local Agency Investment Fund (LAIF) $3,604,573 $3,613,177 $0 Federal Agency Issues $0 $0 $3,637,406 Investment Agreements $3,656,035 $3,637,406 $8,221,877 Money Market Funds $5,305,731 $8,221,877 $0 US Treasury Securities $0 $0 $15,472,460 $12,566,339 $15,472,460 Summary of Investments by Bond Issue Market Value Market Value Per value Bond Issue Description as of 6/30/10 as of 7/31/10 W $116,328 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $1,159 $116,328 $2,205,828 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,202,797 $2,205,828 $1,649,396 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,396 $1,649,396 $506,095 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $507,164 $506,095 $2,041,828 Huntington Beach PFA- 2001 Series A (South Beach Improvements&Central Park Sports Complex) $2,041,827 $2,041,828 $4,869,033 Huntington Beach PFA- 2001 Series B(1993 Civic Center& Police Administration Bldg. Refinance) $2,621,011 $4,869,033 $1,257,236 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,257,215 $1,257,236 $172,876 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $172,637 $172,876 ® $3,156 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $3,156 $3,156 $1,333,581 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $755,635 $1,333,581 M $0 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $37,260 $0 $0 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $0 $0 j $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $1,317,103 Huntington Beach Public Financing Authority Lease Refunding Bonds Series A $1,317,082 $1,317,103 Ma 2) $15,472,460 $12,566,339 $15,472,460 �D ATTACHMENT #3 Item 1 . - Page 18 .32. City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2010 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (3-31-10) (6-30-10) ICMA Retirement Corporation (457 Plan) $28,043,396 $1,159,984 ($391,961). ($1,392,980) ($1,040) $27,417,399 ICMA Retirement Corporation (401 Plan) $1,068,599 $13,199 $0 ($31,054) $0 $1,050,744 Nationwide Retirement Solutions (457 Plan) $53,773,525 $991,337 ($1,061,148) ($2,343,614) ($4,823) $51,355,277 Total Deferred Compensation Plan Balances $82,885,520 $2,164,520 ($1,453,109) ($3,767,648) ($5,863) $79,823,420 e W w e en■e eee� ■ e ATTACHMENT #4 Item i . - rase 20 -34- City of Huntington Beach Retiree Medical Trust Information as of June 30, 2010 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (3-31-10) (6-30-10) CalPERS Retiree Medical Trust Account $8,646,473 ($678,827) ($5,973) $7,961,673 e e a A Uli !�I ATTACHMENT #5 Item 1. - Page 22 -36- City of Huntington Beach Supplemental Pension Trust Information as of August 31, 2010 Ending Contributions/ Distributions/ Earnings Other Ending Balance Dividends Transfers (change in value) Balance (7-31-10) (8-31-10) Supplemental Pension Trust Account $25,710,507 $16,388 ($617,983) $25,108,912 a W 4 0 �D B w+�w� pp3gqio eebf ATTACHMENT #6 Item 1. - Page 24 -38- s I reasurer's Report - Sham Le Preidene ch, CPA, CCMT, CPFA, CPFIM August ® r �Y 1 i.qCy Shari L . Freidenrich , CPA, CCMT CPFA, CPFIM October 18 , 2010 M 3 .i Treasurer's Report - Shari L. Freidenrlch, CPA, CCMT, CPFA, CP.FIM $ in 000's Financial Information: July August Inc./(Dec.) End of Month City Portfolio $163.254 $159.808 ($3.446) End of Month Market Value $164.132 $160.665 ($3.467) Interest Earned for Month $0.198 $0.173 ($0.025) Earned Interest Yield Year to Date 1 .59% 1 .56% -0.03% Average Maturity ( in days) 466 453 (13) YTD Average Daily Balance $165.5;�6 $165.216 ($0.320) $ in 000°s Change From YTD Change Bgt. Change Receipts Thru July 2010 Same Month % From Last % From Prior Last Year Year Yr. Receipts [P:r:o:perty Tax Receipts {Total} ($40 12.9% } ( ° ° } { {$40 12.9 /0 5.0 /o 1 ONe. Property Tax Receipts (GF) $45) (16.1%) $45) (16.1 %) 3.7%) ' ' 1 % Sales Tax Receipts $209 13.7% $420 3.0% 4.0%) 1/2. Cent Sales Tax $7 4.7% ($42) 3.2% (0.8%) - UtilityUsers Tax ,w`($8) (0.5%) ($738) (4.3%) 5.1 Transient Occupancy Tax $92 13.0% $235 5.5% (0.4%) -- Highway Users Tax ** ** ** ** ** ** Real Property Transfer Tax ($26) (32.1 %) $104 19.9% (24.0%) Foreclosures 0 0.0% 11 3.9% n/a ** The state will withhold payments for August 2010 thru March 2011 until April 2011. Difference between YTD % and Budget % is equal to or greater than 0% - ® Difference between YTD % and Budget % is between (5%) and 0% Difference between YTD % and Budget % is grep#Ar than (5%) 1 f- oS lr rcv CMG Council/Agency Meeting Held: 1-0 DIO Deferred/Continued to: Ap ro ed % C ndition Appr ved0 Denied C�)/ lerk Sign ire --rCouncil Meeting Date: October 4, 2010 Department ID Number: CT 10-014 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: Honorable Mayor and City Council Members SUBMITTED BY: Shari L. Freidenrich, CPA, City Treasurer PREPARED BY: Shari L. Freidenrich, CPA, City Treasurer SUBJECT: Review and accept City Treasurer's July 2010 Investment Summary Report Statement of Issue: Review and accept the Monthly Investment Report for July 2010, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Financial Impact: 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 2010, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. -�- Item 1 . - Page 1 REQUEST FOR COUNCIL ACTION MEETING DATE: 10/4/2010 DEPARTMENT ID NUMBER: CT 10-014 Analysis: Not Applicable. Environmental Status: Not Applicable. Strategic Plan Goal: Maintain financial viability and our reserves. Improve internal and external communication. Attachment(s): ® - 1. Monthly Investment Report and Summary of Investments for July, : 2010 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. Supplemental Pension Trust Investments 6. J u 1 y'2010 PowerPoint Presentation Item 1. - Page 2 -2- ATTACHMENT # 1 -3- Item 1 . - Page 3 City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds, Deferred Compensation, Retiree Medical Trust, and Deferred Compensation Trust Activity for July 2010 City Investment Portfolio: June July Inc./(Dec.) End of month City Portfolio Balance $188,588,217 $163,254,486 ($25,333,731) End of Month Market Value $189,472,353 $164,131,503 ($25,340,850) End of month General Fund Balance $55,980,374 $35,796,222 ($20,184,152) Monthly Effective Rate of Return 1.41% 1,31% -0.10% Average Maturity ( in days) 460 466 6 End of month bank cash balance $1,489,217 $1,562,045 $72,828 Bond Proceeds Investments:* May June -- Inc./(Dec.) End of Month Bond Reserve Par Value $13,164,221 $12,566,339 ($597,882) End of Month Bond Reserve Market Value $13,164,221 $12,566,339 ($597,882) Deferred Compensation Investments," March June Mc./(Dec.) Participant Balances $82,885,520 $79,823,420 ($3,062,100) Retiree Medical Trust:** March June Inc./(Dec.) Trust Balance $8,646,473 $7,961,673 ($684,800) Supplemental Pension Trust: June July Inc./(Dec.) Trust Balance $24,334,400 $25,710,507 $1,376,107 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $200,000 $197,881 ($2,119) Interest Earned Year to Date $2,000,000 $2,191,687 $191,687 Earned Interest Yield Year to Date 1.50% 1.59% 0.09% Average Daily Balance $160,000,000 $165,535,810 $5,535,810 "Bond Proceeds Statements are issued monthly and may lag by more than one month. `"Deferred Compensation and Medical Retiree 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 $55,780,522 34% None 1071 2.44% Local Agency Inv. Fund (LAIF) $59,931,414 37% $60 million 1 0.53% Medium Term Notes $27,122,291 17% 20% 587 2.01% Commercial Paper Disc. -Amortizing $3,999,620 2% 25% 18 0.19% Federal Agency Disc. -Amortizing $11,998,880 7% None 24 0.14% Money Market Acct $4,421,759 3% 10% 1 0.05% $163,254,486 100% 466 1.38% Item 1. s Page 4 -4- Q` .K.FFP O:SIF� •�� City of Huntington Beach City Of HB 2000 Main St Huntington Beach, Portfolio Management Portfolio Summary �0UNTY � July 31, 2010 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 55,802,000.00 56,135,451.12 55,780.522,25 34,17 1,362 1,071 2.409 2.442 Local Agency Investment Funds 59,931,413.47 59,931,413.47 59,931,413.47 36.71 1 1 0.524 0.531 Medium Term Notes 27,000,000.00 27,644,920,00 27,122,291.24 16.61 1,071 587 1,985 2.012 Commercial Paper Disc.-Amortizing 4,000,000.00 3,999,160.00 3,999,620.00 2.45 20 18 0.190 0.193 Federal Agency Disc.-Amortizing 12,000,000,00 11,998,600.00 11,998,880.00 7.35 26 24 0.142 0.144 Money Market Acct 4,421,758.81 4,421,758.51 4,421,758.81 2.71 1 1 0.049 0.050 Investments 163,155,172.28 164,131,503.40 163,254,485.77 100.00% 646 466 1.361 1.380 Cash and Accrued Interest Accrued Interest at Purchase 28.932.11 28,932.11 ® Subtotal 28,932.11 28,932,11 N Total Cash and investments 163,155,172.28 164,160,435.51 163,283,417.88 646 466 1.361 1.380 _.. ..............._._..... .- _ ..-,.. --- -. ... ...._ . ... .. ..............-,...... .. .......... _. .. . _........-, Total Earnings .__...._... July_31 Month Ending _Fiscal Year To Date Fiscal Year Ending _.._.... .. - - ....... __ ..... Current Year 197,881.03 2,191,687.29 Current Budget 200,000.00 2,000,000.00 2,400,000.00 Last Year Actual 324,065.00 4,690,254.00 5,107,095.00 Average Daily Balance 177,366,265.25 165,535,810.39 Effective Rate of Return 1,31% 1.59% 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 December 21, 2009. 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 obligation J. arket Value pr vidgd by Union Bank via Interactive Data Corporation. ql SHARI . FREIDENRI H.CPA, CITY TREASURER Reporting period 07101/2010-0713112010 Portfolio CITY in AP Run,Date 06/1212010-15:22 PM{PRF_PM1j 0!� Reporter.7.3.2 X City of HB • Portfolio Management Page I ® Portfolio Details - Investments July 31, 2010 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Federal Agency Issues-Coupon 31331GL96 3780 Federal Farm Credit Bank 08/26/2009 2.000,000.00 2.004,380.00 2,000,000.00 3.150 AAA 3.150 1,486 08/26/2014 31331GS26 3795 Federal Farm Credit Bank 09123/2009 2,000,000.00 2,005,620.00 2.000,000.00 2.350 AAA 2.350 1,149 09/23/2013 31331GR92 3797 Federal Farm Credit Bank 09/28/2009 2,000,000.00 2,004,380.00 2,000.000.00 1.850 AAA 1.850 789 09/28/2012 31331JRT2 3833 Federal Farm Credit Bank 0611512010 2,000,000.00 2,032,500.00 2,000,000.00 2.262 AAA 2.262 1,779 06/15/2015 3133XS7E2 3671 Federal Home Loan Bank 09117/2008 2,000,000.00 2,008,760.00 2,000,000.00 4.150 AAA 4.150 1,143 09/1712013' 3133XUNE9 3785 Federal Home Loan Bank 08/26/2009 2,000.000.00 2,045,000.00 2,000.000.00 2.750 AAA 2.750 1,114 08/19/2013 3133XVHTI 3800 Federal Home Loan Bank 11/10/2009 2,000,000.00 2,000,620.00 2,000,000.00 1.750 AAA 1.750 740 08/10/2012 3133XVHP9 3801 Federal Home Loan Bank 11/16/2009 2,000,000.00 2,003,120.00 2.000,000.00 1.250 AAA 1.250 838 11/16/2012; 313370EG9 3843 Federal Home Loan Bank 07128/2010 2,000,000.00 2,003,120.00 2,000,000.00 1.125 AAA 2,572 1,822 07/28/2015 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2.015,860.00 1,999,686.67 3,375 AAA 3A38 96 11/05/2010 3128X7JK1 3546 Federal Home Loan Mort Corp 05/0612008 2,000.000.00 2,039,520.00 1,996,943.91 3,250 AAA 3.480 256 04114/2011 312BX7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,019,440.00 1,987,345.38 3,700 AAA 4.002 845 11/23/2012 3128X8TZ5 3725 Federal Home Loan Mort Corp 04/0812009 2,000.000.00 2,027,700.00 2,000,000.00 2.500 AAA 2,500 981 04/08/2013 3126X97C8 3824 Federal Home Loan Mort Corp 04/27/2010 2.000.000-00 2,004,940.00 2,000,000.00 1.375 AAA 1.375 726 07/27/2012 3136F9MN0 3643 Fed,Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,049,380.00 1.998,902.22 4,000 AAA 4.022 1,002 04/29/2013 3136FJCJ8 3794 Fed.Nat'l Mort.Assoc. 09/17/2009 2.000.000.00 2,010,000.00 2,000,000.00 2.070 AAA 2,070 869 12/17/2012 3136FJQF1 3803 Fed.Nat'l Mort.Assoc. 11105/2009 2,000.000.00 2,003,120.00 2,000,000.00 1.150 AAA 2.924 1,192 11/05/2013 3136FJZYD 3808 Fed,Nat'l Mort.Assoc. 12/26/2009 2,000,000.00 2,003,120.00 2,000,000,00 1.500 AAA 2.354 789 09/28/2012 31398AB76 3809 Fed.Nat'l Mort.Assoc. 12/28/2009 2.000,000.00 2,009,380.00 1,996,387.50 1.750 AAA 1.827 880 1212812012 313CFJ608 3816 Fed,Nat'l Mort.Assoc. 02/26/2010 2,000,000.00 2,002,500.00 2,000,000.00 2,100 AAA 2.100 1,670 02(26/2015 31398AJ29 3817 Fed.Nat'l Mort.Assoc. 03/16/2010 2,000,000.00 2,003,760.00 1,998,214.29 2.100 AAA 2.130 1,142 09/16/2013 3136FMGH1 3818 Fed.Nat'l Mort,Assoc. 04/05/2010 2,000,000.00 2,003.760.00 2,000,000.00 1.550 AAA 1.550 796 10/05/2012 3136FMHT4 3820 Fed.Nat'l Mort.Assoc_ 04115/2010 2,000,000.00 2,006,260.00 1,998,181.20 2,000 AAA 2.032 1,079 07115/2013 3136FMMM3 3822 Fed.Nat'l Mort.Assoc. 05/04/2010 2,000,000.00 2,000.000.00 2,000,000,00 3.000 AAA 3.000 1,737 05/04/2015 3136FMVN1 3830 Fed.Nat'l Mort.Assoc. 06117/2010 2,000,000.00 2,003.760.00 2,DD0,000.00 1.125 AAA 3,120 1,781 06/17/2015 3136FMQ23 3835 Fed.Nat'l Mort.Assoc. 06/28/2010 2,000,000.00 2,016.260.00 2,000,000.00 2.000 AAA 2.000 1,520 09/29/2014 31359MYN7 3837 Fed.Nat'l Mort.Assoc. 07/0112010 1,802,000.00 1,804,811.12 1.804,661.08 4.250 AAA 0.164 14 08/1512010 3136FMU93 3840 Fed.Nat'l Mort Assoc. 07/20/2010 2,000.000.00 2,004,380.00 2,000,000.00 2.000 AAA 2.000 1,633 01/20/2015 Subtotal and Average 62,686,065.71 55,802,000.00 56,135,451.12 65,780,522.25 2.442 1,071 Local Agency Investment Funds SYS982 982 Laif City 29,931,413.47 29,931,413.47 29,931,413.47 0.531 0,531 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30.000,000.00 0.531 0.531 1 Subtotal and Average 69,742,088.49 59,931,413,47 59,931,413.47 59,931,413.47 0,531 1 Portfolio CITY AP Run Date,08/1: 15:22 OM(PRF_PM2)7.2.0 Report Ver.7.3.2 City of 1-113 Portfolio Management Page 2 Portfolio Details - Investments July 31, 2010 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Medium Term Notes 06050BAJO 3734 Bank of America FDIC Insured 04/30/2009 2,000,000,00 2,064.180.00 2,019,948.73 2.375 AAA 1.830 691 06122/2012 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,027,620.00 1,994,493.44 4,200 AAA 5.023 136 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,042,160.00 1,997,016.09 2.000 AAA 2,093 607 03130=12 17313YAB7 3739 Citigroup FDIC Insured OW512009 2,000,000.00 2,016,600.00 1,999,779,28 1.375 AAA 1.390 277 05/05/2011 36967HB82 3805 GE Capital FDIC Insured 11/03/2009 2,000,000.00 2,050,340,00 2,011,733.07 2.000 AAA 1,720 789 09/2812012 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,051.800.00 2.017,227.33 2.260 AAA 1.701 589 03/12/2012 36967HAHO 3735 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,056,020.00 2,012,540,66 2.200 AAA 1.850 677 0610812012 36186CBF9 3763 GMAC FDIC Insured 06130/2009 2,000,000.00 2,064,580.00 1,992,690.86 2.200 AAA 2.361 871 12/1912012 36185JAA7 3804 GMAC FDIC Insured 11/03/2009 2,000.000.00 2,042,720.00 1.998,527.73 1.750 AAA 1.784 821 10130/2012 38146FAF8 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000,000.00 2,023,720.00 2,003,267.57 1.625 AAA 1.450 348 07/1512011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000,000.00 2,057,960.00 2,015,588.87 2.200 AAA 1.770 684 06/15/2012 49328CAA3 3770 Key Bank FDIC Insured 06130/2009 2,000,000,00 2,094,200.00 2,043,401.80 3.200 AAA 2.000 684 06/1512012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000.00 2,033,320.00 2,015,645.95 2000. AAA 1.390 417 09/2212011 91160HACI 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 1,019,700.00 1,002.429.96 1.600 AAA 1.660 653 05/15/2012 ° Subtotal and Average 27,124,671.23 27,000,000,00 27,6",920,00 27,122,291 24 2.012 $87 .- _. ------------.... .- -- ---._.._..._....... . . .. .......... .......--- ..._._. - - ......... ------------ Commercial Paper Disc.-Amortizing 36959JHK2 3846 General Electric Capital Corp 07/3012010 4,000,000.00 3,999,160.00 3,999,620.00 0.190 A-1 0,193 18 08/19/2010 Subtotal and Average 8,095,956.42 4,000,000.00 3,999,160.00 3,999,620.00 0.193 18 Federal Agency Disc. -Amortizing 313385D37 3845 Federal Home Loan Bank 07/30/2010 12,000,000,00 11,998,800-00 11.998,880,00 0.140 AAA 0.144 24 08/25/2010 Subtotal and Average 10,749,578.52 12,000,000.00 11,998,800.00 11,998,880.00 0,144 24 -..._ ... ..... .. .......... . .. .......... .................._..-_..... Treasury Discounts-Amortizing Subtotal and Average 3,709,507.39 ..._...----- .. .. .. Money Market Acct �a SYS3802 3802 Union Bank-US Gov't MMF 10/22/2009 4,421,75B.81 4,421,758,81 4,421,758.81 0.050 AAA 0.050 1 eN SYS3789 3789 Union Bank-US Trea MMF 0.00 0.00 0.00 0.020 AAA 0.020 1 Subtotal and Average 5,258,397.49 4,421,758.81 4,421,758.81 4,421,758,81 0.050 1 e Y q�q Portfolio CITY AP Run bate 08f1212010-1 5,22 PM(PRF PM2)7.2.0 City of HB ■ Portfolio Management Page 3 ® Portfolio Details - Investments July 31, 2010 Average Purchase Stated YTM Days to �y CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity I* Total and Average 177,366,265.25 163,155,172.28 164,131,503.40 163,254,485.77 1.380 466 i Portfolio CITY AP Run Date 08112" -'5:22 -M IPRF_PM2)7.2.0 City of HB Portfolio management Page 4 Portfolio.Details - Cash July 31, 2O10 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 28,932,11 28,932.11 0 ..--------...,.. ._.... .............. Subtotal 28,932.11 28,932.11 Total Cash and Investments 177,366,265.25 163,155,172.28 164,160,435.51 163,283,417.88 1.380 466 c i ■ e Portfolio CITY AP dim Run Date:08ny20 0-1522 PM(PRF_PM2)2 0 A City of HB Portfolio Management Page 1 Activity By Type July 1, 2010 through July 31, 2010 Stated Transaction Purchases Redemptions cusip Investment# Issuer Rate Date or Deposits or Withdrawals Balance ......................... ------- --.... . ............ Federal Agency Issues-Coupon 3133XL022 3546 Federal Home Loan Bank 5.600 07/20/2010 0.00 2.000.000.00 3136FJY39 3814 Federal Home Loan Bank 3.050 0712MO10 0.00 2,000,000.00 313370EG9 3843 Federal Home Loan Bank 1.126 0712812010 2,000,000.00 0.00 3128X9VG2 3813 Federal Home Loan Mort Corp 1.750 0712912010 0.00 2,000,000.00 3128X9Z78 3819 Federal Home Loan Mort Corp Z000 07/01/2010 0.00 1,999,536.71 3128X95$5 3823 Federal Home Loan Mort Corp 2,000 07/29/2010 0.00 2,000,000.00 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 2.000 07/27/2010 0.00 2,000,000.00 3136FJU82 3812 Fed.Nat'l Mort,Assoc. 1.550 07126/2010 0.00 2,000,000.00 31359MYN7 3837 Fed.Nat'l Mort.Assoc. 4.250 07/01/2010 1,810,991.98 0.00 3136FMU93 3840 Fed.Nat'l Mort.Assoc. 2.000 07/2012010 2,000,000.00 0.00 Subtotal 5,81a,991.98 13,999,535.71 55,780,522.25 ..................... ......... ............... ...................... .................... ............. .............. ..... ..... ............... .............. Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.531 3,940,648,16 4,000,000.00 SYS220e 2206 LAIF-Redevelopment Agency 0.531 41,602.46 41,602,46 Subtotal 3,982,260.62 4,041,602.46 59,9311,413.47 ... ........... ......... Medium Term Notes Subtotal 27,122,291.24 ............ ......................... ...................... .............. -------- ....... . ........... ........ Commercial Paper Disc.-Amortizing 313959JGUl 3826 General Electric Capital Corp 0.280 07128/2010 C.00 9,000,000.00 36959JHK2 3846 General Electric Capital Corp 0.190 0713012010 3,999,57718 0.00 Subtotal 3,999,677.78 9,000,000.00 3,999,620.00 .............. ............... ............................. .......... ............ ...................... Federal Agency Disc.-Amortizing 313313ZH4 3831 Federal Farm Credit Bank 0,140 07114/2010 0,00 4,000,000.00 313385ZF6 3827 Federal Home Loan Bank 0.160 07112/2010 0.00 4,089,000.00 313385ZRO 3838 Federal Home Loan Bank 0180 07102/2010 6,999,300.00 0.00 313385ZRO 3838 07/2212010 0.00 7,000,000.00 313385ZK5 3841 Federal Home Loan Bank 0,160 07/12/2010 5,999,900.00 0,00 313385ZK5 3841 07/16/2010 0.00 5,000,000.00 313385D37 3845 Federal Home Loan Bank 0.140 07130/2010 11,999,786.67 0.00 313397YZ8 3826 Federal Home Loan Mort Corp 0.160 07/05/20I 0 0.00 4,594,000.00 313397ZF1 3828 Federal Horne Loan Mort Corp 0.160 07/1212010 0.00 2,300,000.00 Portfolio CITY AP Run Date*08h 15-22 PM(PRF_PM3}7.20 Report Ver.7.3.2 City of HB Portfolio Management Page 2 Activity By Type July 1, 2010 through July 31, 2010 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Subtotal 24,997,986.67 27,983,000.00 11,998,880.00 -------------------- ............. ...............................-............ ---------- ................ ---- Treasury Discounts-Amortizing 912795U74 3839 United States Treasury Bills 0-150 07/06/2010 4,999,520,83 0.00 912795U74 3839 07/29/2010 0.00 5,000,000.00 Subtotal 4,999,520'83 5,000,000.00 0.00 ............ .... ................ ............ - .......................I."......................... ............ ---------- . ..... .................... Money Market Acct (Monthly Summary) SYS3502 3802 Union Bank-US Gov't MMF 0.050 36,236,200,92 45,329,000.00 Subtotal 36,235,200.92 45,329,000.00 4,421,758.81 Total 80,025,528.80 105,353,138.17 163,254,485.77 ■ Portfolio CITY AP tun vate-08112/2010-15:22 PM(PRE PW..3)7.2.0 PIL City of HB • Portfolio Management Page 1 ' Activity Summary July 2009 through July 2010 g Yield to Maturity Managed Number Number Average Average Month Numberof Average 360 365 Pool of investments of Investments e End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity July 2009 63 206,333,931.37 2.075 2.104 1.035 4 18 635 435 August 2009 53 185,785,442.19 1.748 1.772 0.925 16 26, 616 451 September 2009 50 173,226,879.22 1.902 1.929 0.750 9 12 762 594 October 2009 49 150,346,976.41 1.888 1.914 0.646 1 2 788 600 November 2009 51 146,822,868.24 1.847 1,873 0,611 5 3 809 627 December 2009 53 151,113,246.79 1.670 1.693 0.569 5 3 762 599 January 2010 55 171,370,134.78 1.586 1.608 0.558 5 3 741 585 February 2010 54 165,290,104.23 1,687 1.710 0.577 1 2 800 618 March 2010 51 160,010,461.11 1.559 1.581 0.547 2 5 724 536 April 2010 55 160,226,735.19 1.432 1.452 0.588 9 5 662 499 May 2010 57 184,628,114.04 1.341 1.360 0.560 4 2 627 465 June 2010 55 188,112,806.29 1.331 1.350 0.528 5 7 634 460 July 2010 48 177,366,265.25 1.361 1.380 0.531 8 15 646 466 Average 53 170,897,457.87 1.648% 1.671% 0,648 6 8 708 533 N 0 Portfolio CITY AP Run Date:0611 1522 PM(PRF PM4)7.2.0 Repoli Ver.7.3.2 City of HB Portfolio Management Page I Distribution of Investments By Type July 2009 through July 2010 July August September October November December January February March Aprll May June July Average Security Type 2009 2009 2009 2009 2009 2009 2010 2010 2010 2010 2Q10 2010 2010 by Period Repurchase Agreements .................................. ............. Certificates of Deposit .............. ........... ............. ................ ............................ ............................ ------- Commercial Paper-Interest Bearing 11........................�... 1 1.11.1.11,....... ............. .......... .................... ....... Federal Agency Issues-Coupon 45.1 37.5 44.1 44.1 44.8 43.1 42.4 45.2 39,9 36.7 33.8 33.9 34.2 40.4% ..................... ............................... ................................... ........................ ............. .......... L:'�cal Agency-in-vestment Funds 31.2 31.1 38.9 38.5 34.8 36,9 35.4 36.4 37�5 33.4 31.7 31.8 36.7 34.9% ............ --------............................ ......................... ........... ................... -------- .............._.._,_..... I.... Treasury Securities-Coupon 3.1 0,2% -.. ........................__................-------- ...... ........ . .......... .I.....-I.- Medium Term Notes 12.1 12.7 15.0 15.7 18,5 16.7 16.0 17.0 17.0 15.1 14.3 14.4 16.6 15,5% keg'�Va_ble-C-D' '"s' ', ' "__............ ----- .... ......-____......._._............ ............... .............................. .........__...................... ..................... Certificates of Deposit-Bank 1.....11.1111................................... . ......... ............................ .......... .......... Mortgage Backed Securities ....................... ........... .......... ........................ .......................... ................ ............ Bankers Acceptances-Amortizing ....................... ........111__...... --------- _-- ............. ................. ..........-............ Commercial Paper Disc. Amortizing 13 _4.7 2...5 5.0... .7..4 4-.8 . 2.5 2.3%- - ...........I. ....... . . ...---- -- .................... - -. ...... Federal Agency Disc,-Amortizing 7.9 16.4 6.1 111 7.9 7A 4.3% .................... ........ .............. ............ ................ Treasury Discounts-Amortizing I la-in e*_ous_ -6-isco un t's'-Am ort'i_z_in_g_ ............... ............ _-------- ...........-..........I..................... ...................... ...... ........... ....... ..........------------ Money Market Acct 0.5 2.0 1.8 1,9 3.3 1.4 1.4 3.1 3.8 1.8 7.2 2.7 2.4% ..................... ....... ............... ..................... ........... .......... Rolling Repurchase Agreements ............ .......... ........................ ........... ........... . ........ ■ Portfolio CITY AP Rvi Date:W1212010-16,22 PM(PRF-PMS)7.2.0 Report Ver,7.3.2 City of HB Portfolio Management Page 1 Interest Earnings Summary July 31, 2010 July 31 Month Ending _.... Fiscal Year To Date _.......... __ . . . ... ......... . . ._..._. M& CDICoupon/Discount investments: AIN Interest Collected 185,750.00 2,158,273.88 Plus Accrued Interest at End of Period 451,569.99 451,569.99 Less Accrued Interest at Beginning of Period ( 460.947.07) ( 673,630.76) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 176,372.92 1,936,213.11 Adjusted by Premiums and Discounts -6,122.34 -26,577.07 Adjusted by Capital Gains or Losses 464.29 6.308.53 Earnings during Periods 170,714.87 1,915,944.57 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 ° Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) { 0.00) ° Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 82,451.54 383,359.69 Plus Accrued Interest at End of Period 29,228.67 29,228.67 Less Accrued Interest at Beginning of Period ( 84,514.05) ( 136,845.63) Interest Earned during Period 27,166.16 275,742,73 Total Interest Earned during Period 203,539.08 2,211,955.84 Total Adjustments from Premiums and Discounts -6,122.34 -26,577.07 Total Capital Gains or Losses 464.29 6,308.53 Total Earnings during Period 197,881.03 2,191,687.30 Portfolio CITY AP, Rur,Date.0811' 15:22 PM;PRF_PM6%7 2.0 Repor,Ver 7.3.2 Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Office of the City Treasurer July 2010 Cash Receipts and Disbursements June 2010 July 2010 Receipts Property Tax Receipts 233,795 867,433 Utility Tax Receipts (UUT) 1,564,459 1,552,385 Sales Tax Receipts 1,825,754 1,306,000 1/2 Cent Safety Sales Tax Receipts 127,016 127,016 Highway Users Tax Receipts (HUT) 280,773 143,343 Transient Occupancy Tax Receipts (TOT) 521,685 585,841 All Other Receipts 16,463,389 19,353,369 Subtotal Receipts 21,016,871 23,935,387 Disbursements Ca1PERS Pension Prepayment 0 (11,400,000) (1) All Other Disbursements 24 368 542 (35,430,316) Net Change in Cash Flow (3,351,671) (22,894,929) Summary of Cash by Fund June 2010 July 2010 General Fund 55,980,374 35,796,222 Government Funds 938,994 1,034,937 Capital Funds 13,726,434 13,721,982 Debt Service Funds 9,902,768 5,111,694 Enterprise Funds 91,860,086 90,897,850 Fiduciary Funds 1,551,053 1,596,699 Special Revenue Funds 14,381,906 17,128,852 188,341,615 166,288,236 " *Total cash will differ from investment portfolio total due to outstanding checks and/or other timing (1) Item represents a significant cash payment during the month. Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts&Disbursements.xls July 2010 -1 5- Item 1 . - Page 15 State of California Pooled Money Investment Account Market Valuation 7131120'10 ,, Carrying Cost-Plus ©escription A'ccruecl Interest Purch >Fatr Value ...;: Accruedlnterest;:' United States Treasury: Sills $ 25,681,902,448.28 $ 25,747,997,000.00 NA Notes $ 6,650,919,588.78 $ 6,712,187,500.00 $ 15,236,180.50 Federal Agency: SBA $ 548,908,114.33 $ 544,368,608.23 $ 595,934.84 MBS-REMICs $ 636,078,744.18 $ 675,792,885,38 $ 3,006,169.45 Debentures $ 349,964,845.47 $ 351,532,500.00 $ 1,188,339.50 Debentures FR $ 200,000,000.00 $ 200,224,000.00 $ 125,776.78 Discount Notes $ 6,742,339,481.90 $ 6,755,931,400.00 NA GNMA $ 69,092.59 $ 70,821.50 $ 683.55 IBRD Deb FR $ 300,000,000.00 $ 301,239,000.00 $ 36,140.50 CDs and YCDs FR $ 200,000,000,00 $ 200,000,000.00 $ 11,944.44 Bank Notes $ 200,000,000.00 $ 200,041,288.00 $ 163,888.89 CDs and YCDs $ 6,480,021,811.31 $ 6,480,777,856.05 $ 2,359,488.90 Commercial Paper $ 4,817,463,747.71 $ 4,819,773,171.11 NA Corporate: Bonds FR $ 125,053,616.76 $ 125,034,750.00 $ 103,807.89 Bonds $ - $ - $ - Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ Time Deposits $ 4,198,150,000.00 $ 4,198,150,000.00 NA AB 55 &GF Loans $ 11,356,685,556.44 $ 11,356,685,556.44 NA TOTAL. $ 68,487,557,047,75 $ 68,669,806,336.71 $ 22,828,355.24 Fair Value Including Accrued Interest $ 68,692,634,691.95 Repurchase Agreements, Time Deposits,AB 55& Gene ral Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). Item 1 . - Page 16 -1 6- ATTACHMENT 2� -17- Item 1 . - Page 17 )chedule of Bond Investments ald by Fiscal Agent as of June 30, 2010 e ummary of investments by type Market Value Market Value Par Value Investment Type as of 5/31/10 as of 6/30/10 ML $3,604,573 Local Agency Investment Fund (LAIF) co $0 $3,604,573 $0 Federal Agency Issues $0 $0 $3,656,035 Investment Agreements $4,179,090 $3,656,035 $3,988,649 Money Market Funds $5,380,558 $3,988,649 $1,317,082 US Treasury Securities $0 $1,317,082 $12,566,339 $13,164,221 $12,566,339 Summary of Investments by Bond Issue Market Value Market Value 0 Par value Bond Issue Description as of 5/31/10 as of 6/30/10 e $1,159 City of Huntington Beach-2004 Judgment Obligation Bonds (Property Tax Refunds) $1,159 $1,159 $2,202,797 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,202,796 $2,202,797 $1,649,396 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,396 $1,649,396 $507,164 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $507,163 $507,164 $2,041,827 Huntington Beach PFA- 2001 Series A(South Beach Improvements& Central Park Sports Complex) $2,041,826 $2,041,827 $2,621,011 Huntington Beach PFA- 2001 Series B (1993 Civic Center&Police Administration Bldg. Refinance) $2,620,966 $2,621,011 $1,257,215 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,257,194 $1,257,215 $172,637 City of Huntington Beach -90-1 Community Facilities District Special Tax Refunding $173,620 $172,637 $3,156 Huntington Beach PFA-2000 Series A(Water System Impv„ Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,394,151 $3,156 $755,635 Redevelopment Agency of Huntington Beach - 1999 Tax Allocation Refunding Bonds $755,635 $755,635 $37,260 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $560,315 $37,260 $0 City of Huntington Beach - Multi-Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $0 $0 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $1,317,082 Huntington Beach Public Financing Authority Lease Refunding Bonds Series A $0 $1,317,082 $12,566,339 $13,164,221 $12,566,339 ATTACHMENT #3 -19- Item 1 . - Page 19 e* M City of Huntington Beach Deferred Compensation Plan Summary Information e a$ of June 30, 2010 M Beginning Contributions Distributions/ Earnings Other Fees/ Ending ® Balance Transfers (change in value) Adjustments Balance (3-31-10) (6-30-10) ICMA Retirement Corporation (457 Plan) $28,043,396 $1,159,984 ($391,961) ($1,392,980) ($1,040) $27,417,399 ICMA Retirement Corporation (401 Plan) $1,068,599 $13,199 $0 ($31,054) $0 $1,050,744 Nationwide Retirement Solutions (457 Plan) $53,773,525 $991,337 ($1,061,148) ($2,343,614) ($4,823) $51,355,277 Total Deferred Compensation Plan Balances $82,885,520 $2,164,520 ($1,453,109) ($3,767,648) ($5,863) $79,823,420 0 O ATTAC H M E N T #4 -21- Item 'I . . Page 21 City of Huntington Beach Retiree Medical Trust Information as of June 30, 2010 e tD Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (3-31-10) (6-30-10) CalPERS Retiree Medical Trust Account $8,646,473 ($678,827) ($5,973) $7,961,673 N N e ATTACHMENT #5 -23- Item 1 . - Page 23 e� City of Huntington Beach ML Supplemental Pension Trust Information • as of July 31, 2010 a �D Ending Contributions/ Distributions/ Earnings Other Ending Balance Dividends Transfers (change in value) Balance (6-30-10) (7-31-10) Supplemental Pension Trust Account $24,334,400 $17,652 $1,369,364 ($10,909) $25,710,507 ATTACHMENT #6 - -25- Item 1. - Page 25 Treasurer's Report - Shari L. Freiden ch, CPA, CCMT, CPFA, C6 FIM N Jul 'y Treasurer' s r 4 � Shari a Freidenrich , CPA, , CPFA, F I I October 4, 2010 Td easurer'.7 Report - Shard L. r e denr�4 chy CPA, CCMT, Ci FA., �./PFIM $ in 000's Financial Information: June July Inc./(Dec,) End of Month City Portfolio $188.588 $163.254 ($25.334) End of Month Market Value $189.472 $164.132 ($25.340) Interest Earned for Month $0.218 $0.198 ($0.020) Earned Interest Yield Year to Date 1 .62% 1.59% -0.03% Average Maturity ( in days) 460 466 6 YTD Average Daily Balance $164.192 $165.536 $1 .344 $ in 000"s Change From YTD Change Bgt. Change Receipts Thru July 2010 Same Month % From Last % From Prior Last Year Year Yr. Receipts Property Tax Receipts (Total) ($293) (25.2%) ($201) (0.2%) 3.0% Prope Tax Receipts (GF) ($323} (32.2%) ($105) 0.2%) (4.8%) 1 % Sales Tax Receipts $13 1 .0% $211 1 .7% (4.0%) 1/2 Cent Sales Tax $5 3.8% ($49) (4.3%) (0.8%) Utility Users Tax ($112) (6.7%) $730) (4.7%) 5.1 % z ` Transient Occupancy Tax $67 13.0% $143 4.0% (0.4%) - . Highwa Users Tax ($109 (43.2%) $136) (5.7%) (25.0%) M Real Property Transfer Tax (1 ($17) (21 .2%) $130 29.4% 25.3%) - Foreclosures (2) 6.5%} ' 11 4.4% n/a ` ® (1) June payment received in August. 0 -- Difference between YTD % and Budget % is equal to or greater than 0% 92 Difference between YTD % and Budget % is between (5%) and 0% M - . Difference between YTD /o and Budget /o is greater than (5/o) 4 r-PI Council/Agency Meeting Held _V-4�zewmb Deferred/Continued to App ve ❑ Conditionally Approved ❑ Denied y ero Signat, r Council Meeting Date August 2 2010 Department ID Number (( CT 10-013 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO Honorable Mayor and City Council Members SUBMITTED BY Shari L Freidenrich CPA City Treasurer PREPARED BY Shari L Freidenrich CPA City Treasurer SUBJECT Review and Accept City Treasurer's June 2010 Investment Summary Report Statement of Issue Review and accept the Monthly Investment Report for June 2010 pursuant to Section 17 0 of the Investment Policy of the City of Huntington Beach Financial Impact 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 2010 pursuant to Section 17 0 of the Investment Policy of the City of Huntington Beach Alternative Action(s) Deny or critique monthly report 4- Item I - Page I REQUEST FOR COUNCIL ACTION MEETING DATE 8/2/2010 DEPARTMENT ID NUMBER CT 10-013 Analysis Not Applicable Environmental Status Not Applicable Strategic Plan Goal Maintain financial viability and our reserves Improve internal and external communication Attachment(s) ® o 1 Monthly Investment Report and Summary of Investments for June 2010 2 Schedule of Bond Investments 3 Deferred Compensation Plan Summary Information 4 Retiree Medical Trust Investments 5 Supplemental Pension Trust Investments 6 June 2010 PowerPoint Presentation Item 1 - Page 2 -2- AAmTTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds Deferred Compensation Retiree Medical Trust and Deferred Compensation Trust Activity for June 2010 City Investment Portfolio May June Inc/(Dec ) End of month City Portfolio Balance $189 449 099 $188 588 217 ($860 882) End of Month Market Value $190 290 611 $189 472 353 ($818 258) End of month General Fund Balance $58 488 064 $55 980 374 ($2 507 690) Monthly Effective Rate of Return 1 47% 1 41% 0 06% Average Maturity ( in days) 465 460 (5) End of month bank cash balance $1 448 876 $1 489 217 $40 341 Bond Proceeds Investments * April May Inc/(Dec ) End of Month Bond Reserve Par Value $13 209 984 $13 164 221 ($45 763) End of Month Bond Reserve Market Value $13 209 984 $13 164 221 ($45 763) Deferred Compensation Investments *" March June Inc/(Dec) Participant Balances $82 848 713 $79 786 613 ($3 062 100) Retiree Medical Trust** December March Inc/(Dec ) Trust Balance $8 337 422 $8 646 473 $309 051 Supplemental Pension Trust May June Inc/(Dec ) Trust Balance $24 866 322 $24 334 400 ($531 922) Comparison to Budget/City Portfolio Budget Actual Inc/(Dec ) Interest Earned for Month $200 000 $218 298 $18 298 Interest Earned Year to Date $1 800 000 $1 994 073 $194 073 Earned Interest Yield Year to Date 1 50% 1 62% 0 12% Average Daily Balance $160 000 000 $164 192 425 $4 192 425 Bond Proceeds Statements are issued monthly and may lag by more than one month Deferred Compensation and Medical Retiree Statements are issued quarterly A R Summary by Individual Investment in City Investment Portfolio Days YTM lnt June % of Total Policy Limit to Mat Rate Federal Agency Issues Coupon $63 974 021 34% None 1088 2 54% Local Agency Inv Fund (LAIF) $59 990 765 32% $60 million 1 0 53% Medium Term Notes $27 127 380 14% 20% 618 2 01% Commercial Paper Disc Amortizing $8 998 110 5% 25% 27 0 28% Federal Agency Disc -Amortizing $14 982 383 8% None 10 0 16% Money Market Acct $13 515 558 7% 10% 1 0 05% $188 588 217 100% 460 1 35% Item I - Page 4 -4- City of Huntington Beach City of �B 2000 Main St Huntington Beach Portfolio Management 2CF��UNTY Portfolio Summary .tune 30, 2010 Par Market Book / of [lays to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv 365 Equiv Federal Agency Issues Coupon 64 000 000 00 64 370 280 00 6397402097 3392 1 386 1 088 2 508 2 543 Local Agency Investmer Funds 59 990'55 1 59 990 755 31 59 990 765 31 31 81 1 1 0 521 0 528 Medium Term Notes 27 000 000 00 2751556000 27 127 379 97 14 38 1 071 618 1 985 2012 Cor~merciai Paper Disc Amortizing 9 000 000 00 8 997 390 00 8 998 11000 477 90 27 0 280 0 z84 Federal Agency Disc Amortizing 4 983 000 00 14 983 000 00 14 982-�83 34 794 65 10 0 157 0 159 Money Market Acct 13 515 65"89 13 515 557 89 13 515 557 89 717 1 1 0 049 0 050 188 489 323 20 189 472 353 20 188 588 217 48 100 00/ 634 460 1 331 1 350 Investments Total Earnings June 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 218 297 92 1 994 072 65 Curren}Budget 200 000 00 1 800 000 00 2 400 000 00 Last Year Actual 390 947 00 4 366 189 00 5 107 095 00 Average Daily Balance 188 112 806 29 164 192 425 41 Effective Rate of Return 1 41% 1 62% 1 certiry that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with al#State laws and the investment policy statement filed with the City Council on December 21 2009 A copy of this policy is ava lable at the office of the City Clerk The investment program herein shown provides sufficient cash flow liquidity to meet the next six month s obligati Mart et A�spovded by Union Bank via interactive Data Corporation 7- 1 1-1 ,:, eFREIDE ICH CPA C€TY TR ASURER Reporting period 06/01/2010 06/30/2010 Portfolio CITY AP Ran Dee r'111212D 0 155 PM(PRF_PM )7 2 0 Repo-Ver 7 3 2 City of HB Portfolio Management Page 1 Portfolio Details - Investments June 30, 2010 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Federal Agency Issues Coupon 31331 GL98 3780 Federal Farm Credit Bank 08/20/2009 2 000 000 00 2 010 000 00 2 000 000 00 3 150 AAA 3 150 1 517 08/26/2014 31331 GS26 3796 Federal Farm Credit Bank 09/23/2009 2 000 000 00 2 008 760 00 2 000 000 00 2 350 AAA 2 350 1 180 09/23/2013II 31331GR92 3797 Federal Farm Credit Bank 09/28/2009 2 000 000 00 2 006 880 00 2 000 000 00 1 850 AAA 1 850 820 09/28/2012 31331JRT2 3833 Federal Farm Credit Bank 06/15/2010 2 000 GOO 00 2 020 000 00 2 000 000 00 2 262 AAA 2 262 1 810 0611512015 313oXLQ22 3546 Federal Home Loan Bank 07120/2007 2 000 000 00 2 005 620 00 2 000 000 00 5 600 AAA 5 600 750 07/20/2012 3133XS7E2 3671 Federal Home Loan Bank 09117/2008 2 000 000 00 2 014 380 00 2 000 000 00 4 150 AAA 4 150 1 174 09117/2013 133XUNE9 3785 Federal Home Loan Bank 08/2612009 2 000 000 00 2 046 260 00 2 000 000 00 2 750 AAA 2 750 1 145 08/19/2013 3133XVHT1 3800 Federal Home Loan Bank 11/10/2009 2 000 000 00 2 002 500 00 2 000 000 00 1 750 AAA 1 750 771 08/10/2012 3133XVHP9 3801 Federal Home Loan Bank 11116/2009 2 000 000 00 2 003 760 00 2 000 000 00 1 250 AAA 1 250 869 11/16/2012 3136FJY39 M14 Federal Home Loan Bank 01/28/2010 2 000 000 00 2 003 760 00 2 000 000 00 3 050 AAA 3 050 1 672 01/2812015 3128X7 NF7 3644 Federa Home Loan Mort Corp 05/05/2008 2 000 000 00 2 020 880 00 1 999 586 67 3 375 AAA 3 438 127 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Cc p 05/06/2008 2 000 000 00 2 042 780 00 1 996 581 53 3 250 AAA 3 480 287 04/1412011 3128X'SV7 3695 Federal Home Loan Mort Co p 05/2 /2008 2 000 000 00 2 024 620 00 1 966 889 09 3 700 AAA 4 002 876 11/23/2012 3128X8TZ5 3725 Federal Home Loan Mort Corp 04108/2009 2 000 000 00 2 030 560 00 2 000 000 00 2 500 AAA 2 500 1 012 041081201� 3128X9VG2 3513 Federal Home Loan Mort Corp 01/29/2010 2 000 000 00 2 002 440 00 2 000 000 00 17,)0 AAA 1 760 1 673 01/29/2015 e 3128X9Z76 1819 Federal Home Loan Mort Corp 04/01/2010 2 000 000 00 2 000 000 00 1 999 535 71 2000 AAA 2007 1 188 10/01/2013 ° 3128X95S5 3623 Federal Home Loan Mort Corp 04/2912010 2 000 000 00 2 002 320 00 2 000 000 00 2000 AAA 2000 1 033 04/29/2013 3128X97C8 3624 Federal Home Loan Molt Corp 04127/2010 2 000 GOO 00 2 006 480 00 2 000 000 00 1 375 AAA 1 375 757 07/27/2012 3136F9MNO 364 Fed hat I Mort Assoc 04/29/2008 2 000 000 00 2 Oo5 000 GO 1 998 858 89 4 000 AAA 4 022 1 033 04/29/2013 3136F94M2 714 Fed Nat I Mort Assoc 01/2712009 2 000 000 00 2001 88000 2 000 000 00 2000 AAA 2000 575 01/27/2012 3136FJCJS 3794 Fed Nat I Mort Assoc 09/17/2009 2 000 000 00 2011 88000 2 000 OOC 00 2070 AAA 2070 900 12/17/2012 3136FJQF1 3803 Fed Not I Mort Assoc 11/0512009 2 000 000 00 2 003 760 00 2 000 000 00 1 150 AAA 2 924 1 223 11/0512013 3136FJZYO 3808 Fed Nat I Mort A soc 12/2812009 2 000 000 00 2 004 380 GO 2 000 000 00 1 500 AAA 2 354 820 09/28/2012 31398AR76 3809 Fed Nat€Mot Assoc 12/28/2009 2 000 000 00 2 010 620 00 1 996 262 50 1 750 AAA 1 827 911 12/28/2012 3136FJU82 3812 Fed Nat I Mort Assoc 01/26/2010 2 000 000 00 2001 25000 2 000 000 00 1 550 AAA 1 550 756 07/25/2012 3136FJ6D8 >316 Fed Nat€Mort Assoc 02/26/2010 2 000 000 00 2 005 000 00 2 000 000 00 2 100 AAA 2 100 1 701 02/26/2015 31398AJ29 38 7 Fed Nat I Mort Assoc 03/1612010 2 000 000 00 2 006 880 00 1 998 16667 2 100 AAA 2 130 1 173 09/16/2013 3136FMGH1 3818 Fed Nat Mort Assoc 04/05/2010 2 000 000 GO 200600000 2 000 000 00 1 550 AAA 1 550 627 10r0512012 3136FMHT4 3820 Fed Nat I Mort Assoc 04/15/2010 20,0000000 2 008 760 00 1 998 12991 2000 AAA 2032 1 110 07115/2013 3136FMMM3 )822 Fed Nat 1 Mort Assoc 06/04/2010 2 000 000 00 2 004 380 00 2 000 000 00 3 000 AAA 3 000 1 758 05/0412015 3136FMVN1 3830 Fed Nat Mort Assoc 06/17/2010 0 coo 000 00 2 002 500 00 2 000 000 00 1 125 AAA 3 120 1 812 06117/2015 31 6FMQ23 3835 Fed Nat I Mor' Assoc 06/28/2010 2 000 000 00 1 996 880 00 2 000 000 00 2000 AAA 2 OOO 1 551 0912912014 Subtotal and Average 64 698 180$1 64 000 000 00 64 370 280 00 63 974 020 97 2 543 1 088 Portfolio CITY AP Ru Date C 1 2 5n PRF Pbi21720 Recor'Ver 3 City of H13 Portfolio Management Page 2 Portfolio Details - Investments June 30, 2010 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Local Agency Investment Funds SYS982 962 Laif City 29 990 765 31 29 990 765.1 29 990 765 31 0 528 0 528 1 SYS2206 2206 LAIF Redevelopment Agency 30 000 000 00 30 000 000 00 30 000 000 00 0 528 0 528 1 Subtotal and Average 59 317 431 98 59 990 765 31 59 990 765 31 59 990 765 31 0 528 1 Medium Term Notes 06050BAJO 3734 Bank of America FDIC Insured 04/30/2009 2 000 000 00 2061 00000 2 020 827 53 2 375 AAA 1 830 722 06/22/2012 084664AF8 3475 Berkshire Hathaway Fin 01/1712007 2 000 000 00 2 030 740 00 1 993 260 63 4200 AAA 5 023 167 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2 000 000 00 2041 58000 1 996 866 65 2000 AAA 2093 638 03/30/2012 17313YA67 3739 Citigrojp FDIC Insured 05/05/2009 2 000 000 00 2 015 300 00 1 999 755 11 1 375 AAA 1 390 308 05/05/2011 o6967HBB2 3805 GE Capital FDIC Insured 11103/2009 2 000 000 00 2 047 760 00 2012 18609 2000 AAA 1 720 820 09128/2012 36967HAN r 3733 General Electric Cap FDIC,Insu 04130/2D09 2 000 000 00 2051 92000 2018 11686 2 250 AAA 1 701 620 03112/2012 36967HAHo 3735 General Electric Cap FDIC Insu 04/30/2009 2 000 000 00 2 052 780 00 2013 10460 2200 AAA 1 850 708 06108/2012 35186CBF9 3763 GMAC FDIC Insu ed 06/3012009 2 000 000 00 2 055 000 00 1 992 435 29 ?200 AAA 2 361 902 12119/2012 36185JAA7 3804 GMAC FDIC insured 1,103/2009 2 000 000 00 2 034 700 00 1 998 473 13 1 750 AAA 1 784 852 10130/2012 a 38146FAF8 3732 Goldman Sachs FDIC Insured 0,112712009 2 000 000 00 2 02-�500 00 2 003 552 63 1 625 AAA 1 450 379 07/15J2011 4 481247AKO 3738 JP Morgan Chase FDIC insured 04/30/2009 2 OOD 000 00 2 055 060 00 2 016 282 74 2200 AAA 1 770 715 06/15/2012 49328CAA3 3770 Key Bank FDIC Insured 06/30/2009 2 000 000 00 2 092 340 00 2 045 333 63 3200 AAA 2 00o 715 06115/2012 61757UAF7 3735 Morgan Stanley FDIC Insured 041g0/2009 2 000 000 00 2 034 620 00 2 014 642 02 2000 AAA 1 390 448 09/22/2011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1 000 000 00 1 019 060 00 1 002 543 15 1 800 AAA 1 66o 684 05/1512012 Subtotal and Average 2712983961 27 000 000 00 27 615 360 00 27127 379 97 2012 618 Commercial Paper Disc Amortizing 69oQJGU1 3825 General Electric Capital Corp 04129/2010 9 000 000 00 8 997 390 00 8 998 110 00 0 280 0 284 27 07/2812010 Subtotal and Average 1609680217 9 000 000 00 8 997 390 00 8 998 110 00 0 284 27 Federal Agency Disc Amortizing 313o13ZH4 3831 Fede al Farm Credit Bank 05/28/2010 4 CCO 000 00 4 000 000 00 3 999 797 78 0 140 AAA 0 144 13 07/14/2010 313385ZF6 3827 Federal Home Loan BanK 04129/2010 4 089 000 00 4 089 000 00 4 088 800 09 0 150 AAA 0 165 11 07112 2010 313397YZS 3826 Federal Home Loan Mort Corp 04/29/2010 4 594 000 00 4 594 000 00 4 593 897 91 0 160 AAA 0 165 5 07/06/2010 31,o97ZF1 3828 Federal Home Loan Mort Corp 0412912010 2 300 000 00 2 300 000 00 2 299 687 56 0 160 AAA 0 165 11 07/12/2010 Subtotal and Average 16 981 41249 14 983 000 00 14 983 000 00 14 982 383 34 0 159 10 (® Money Market Acct SYS3802 3802 Union Bank US Gov t MMF 10122l2009 1351556789 13 515 557 89 13 515 557 69 0 060 AAA 0 050 1 a SYS3789 )789 Union Bank US Trea MMF 000 000 000 0 020 AAA 0 020 1 a Portfolio CITY Run Da a 07/�'1110 6 PM{PRF_PM, 2 c City ofHB Portfolio Management Page 3 Portfolio Details - Investments June 30, 2010 CIO Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rite S&P 365 Maturity Subtotal and Average 4 889 139 63 13 515 557 89 1351555709 1361555789 0 050 1 Total and Average 188 112 806 29 18$489 323 20 189 472 353 20 188 588 217 48 1 350 460 e Portfolio CITY AP Run€3a e 07l1 1755 4(PRF_PM2)7 4 0 Page 1 c h By June 1, 2010 through June 30, 2010 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues Coupon 313,1JRT2 3833 Federal Farm Credit Banl, 2 262 06/1512010 2 000 000 00 000 133XW2N8 3806 Federal Home Loan Bank 2000 06/11/2010 0 0o 2 000 000 00 3128XBS29 3754 Federal Home Loan Mort Corp 3 000 06/30/2010 coo 2 000 000 00 31398A884 18 0 Fed Nat I Mar' Assoc 3 000 06130/2010 000 1"1 180 00 31�6FMVN 1 3830 Fed Nat i Mort Assoc 1 125 06117/2010 2 000 000 00 000 3136FMQ23 3835 Fed Nat Mort Assoc 2000 06/28/2010 2 000 000 00 000 Subtotal 6 000 000 00 5 991 18000 63 974 020 97 Local Agency Investment Funds (Monthly Summary) SY5982 982 Laif City 0 528 5 000 000 00 5 000 000 00 Subtotal 5 000 000 00 5 000 000 00 59 990 765 31 Medium Term Notes Subtotal 27 127 379 97 Commercial Paper Disc Amortizing 17307 S;763 08.,2 Citigroup Global 0 350 06111/2010 000 5 000 000 00 90262DFV2 3834 UBS Finance Delaware LLC 0 290 06/15/2010 8 998 985 00 GOO 90262DFV2 3834 06129/2010 000 9 000 000 00 90262DFWO 3836 UBS Finance Delaware LLC 0 180 06/29/2010 6 999 965 00 0 00 90262DFW0 3836 06/30/2010 000 7 000 000 00 Subtotal 15 998 950 00 21 000 000 00 8 998 110 00 Federal Agency Disc Amortizing 313385XY7 1829 Federal Home Loan Bank 0 150 06/11/2010 000 6 000 000 00 Subtotal 000 6 000 000 00 14 982 383 34 Money Market Acct (Monthly Summary) S"S3802 3802 Union Bank US Gov t MMF 0 050 31 806 273 83 21 677 000 00 Subtotal 31 806 273 83 21 677 000 00 13 515 657 89 Total 58 805 223 83 59 668 180 00 188 588 217 48 MID a1 Portfolio CITY AP Ru D e 071 200 7 5 PM(PRF_PM )72, Repo,Ver 7 3 2 City of HB Portfolio Management Page 1 Activity Summary June 2009 through June 2010 ® 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 2009 77 221 774 096 95 2 109 2 138 1 377 27 30 590 414 July 2009 63 206 333 931 37 2075 2 104 1 035 4 18 635 435 August 2009 53 185 785 442 19 1 748 1 772 0 925 16 26 616 451 September 2009 50 173 226 879 22 1 902 1 929 0 750 9 12 762 594 October 2009 49 150 346 976 41 1 888 1 914 0 646 1 2 788 600 November 2009 51 146 822 868 24 1 847 1 873 0 611 5 3 809 627 December 2009 53 151 113 246 79 1 670 1 693 0 569 5 3 762 599 January 2010 55 171 370 134 78 1 586 1 608 0 556 5 3 741 585 February 2010 54 165 290 104 23 1 687 1 710 0 577 1 2 800 618 March 2010 51 160 010 461 11 1 559 1 081 0 547 2 5 724 536 April 2010 55 160 226 735 19 1 432 1 452 0 588 9 5 662 499 May 2010 57 184 628 1 14 04 1 341 1 360 0 560 4 2 627 465 June 2010 55 188 112 806 29 1 331 1 350 0 528 5 7 634 460 Average 56 174 253 827 85 1 706/6 1 7290/ 0 713 7 9 704 529 0 Portfolio CITY AP Ru Da e Btl 155 PM iPRr_PM4)7 2 a Report Ve 7 3 2 City of HB Portfolio Management Page 1 Distribution of Investments By Type June 2009 through June 2010 June July August September October November December January February March Aprd May June Average Security Type 2009 2009 2009 2009 2009 2009 2009 2010 2010 ;010 2010 2010 2010 by Period Repurchase Agreements_ Certificates of Deposit _ Commercial Paper Interest Bearing _ _ — Federal Agency Issues Coupon 493 451 37 5 441 44 1 448 431 424 452 399 36 7 338 339 41 5% Local Agency Investment Funds 27 1 31 2 31 1 389 38 5 348 369 35 4 36 4 375 33 4 31 7 31 8 34 2% Treasury Securities Coupon 27 3 1 0 5% _Medium Term Notes 105 121 127 150 157 185 167 160 170 170 151 143 144 150% Negotiable CD s Certificates of Deposit Bank_ Mortgage Backed Securities - __ -- Bankers Acceptances Amortizing _ Commercial Paper Disc Amortizing 68 33 47 25 50 74 48 2 7% Federal Agency Disc Amortizing - -- 38 79 - 154 - 6 1 11 1 79 4 Q% Treasury Discounts Amortizing ' Miscellaneous Discounts Amortizing _ Money Market A_cct 05 20 1 8 1 9 33 14 14 31 38 1 8 72 2 2/c o — — Rolling Repurchase Agreements _ a Portfolio CITY AP ,y RL)n Da 57f 21z0 D 1 55 PM(PRF-PM5)e 2 0 Re o-Ver 7 3, �D 0 City of HB Portfolio Management Page 1 c� Interest Earnings Summary June 30, 2010 June 30 Month Ending Fiscal Year To Date CD/CouponfDiscount Investments Interest Collected 269 450 00 1 972 523 88 Plus Accrued Interest at End of Period 460 947 07 460 947 07 Less Accrued Interest at Beginning of Period ( 648 936 40) ( 673 630 76) Less Accrued Interest at Purchase During Period ( 0 00) ( 0 00) Interest Earned during Period 181 46067 1 759 840 19 Adjusted by Premiums and Discounts 2074 19 20 454 73 Adjusted by Capital Gains or Losses 8 820 00 5 844 24 Earnings during Periods 192 354 86 1 745 229 70 Pass Through Securities Interest Collected 0 00 000 Plus Accrued Interest at End or Period 0 00 000 Less Accrued Interest at Beginning of Period ( 0 00) ( 0 00) e Less Accrued In erest at Purchase During Period ( 0 00) ( 0 00) ' Interest Earned during Period 000 000 Adjusted by Premiums and Discounts coo 000 Adjusted by Capital Gains or Losses 000 000 Earnings durirg Periods _ 000 000 Cash/Checking Accounts Interest Collected 27383 300 908 15 Plus Accrued Interest at End of Period 84 780 43 84 780 43 Less Accrued Interest at Beginning of Period ( 59 111 20) ( 136 845 63) Interest Earned during Period 25 943 06 248 842 95 Total Interest Earned during Period 207 403 73 2 008 683 14 Total Adjustments from Premiums and Discounts 2 074 19 20 454 73 Total Capital Gains or Losses 8 820 00 5 844 24 Total Earnings during Period 218 297 92 1 994 072 65 Portfolio CITY AP Ru Oa e 07/ 7 55 PM PRP_PM6)7 2^ R po^V 3 r Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Office of the City Treasurer June 2010 Cash Receipts and Disbursements May 2010 June 2010 Receipts Property Tax Receipts 14 229 454 233 795 Utility Tax Receipts (UUT) 1 584 047 1 564 459 Sales Tax Receipts 1 635 200 1 825 754 1/2 Cent Safety Sales Tax-Receipts 158 648 127 016 Highway Users Tax Receipts (HUT) 300 152 280 773 Transient Occupancy Tax Receipts (TOT) 438 887 521 685 All Other Receipts 19 738 569 16 463 389 Subtotal Receipts 38 084 957 21,016,871 Disbursements Other Disbursements f79,246,824) (24,368,542) Net Change In Cash Flow 8,838,133 (3,351,671) Summary of Cash by Fund May 2010 June 2010 General Fund 58 488 064 55 980 374 Government Funds 906 773 938 994 Capital Funds 14 434 400 13 726 434 Debt Service Funds 10 278 135 9 902 768 Enterprise Funds 90 459 606 91 860 086 Fiduciary Funds 1 352 149 1 551 053 Special Revenue Funds 13,331,624 14,381,906 189,250,651 188,341,615 "Total cash will differ from investment portfolio total due to outstanding checks and/or other timing Note Above information was obtained from the City s accounting system records The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio This statement is prepared in compliance with the City s Charter City Treasurer Monthly Report of Receipts&Disbursements xis June 2010 -13- Item 1 - Page 13 State of California Pooled Money Investment Account Market Valuation 6/30/2010 Carrying Cost Plus Description Accrued Interest Purch Amortized Cost Fair Value Accrued Interest United States Treasury Bills $ 25 723 850 496 54 $ 25 768 990 114 47 $ 25 789 125 900 00 NA Notes $ 6 652 333 782 46 $ 6 652 151 462 02 $ 6 707 940 500 00 $ 10 971 76550 Federal Agency SBA $ 553 637 055 79 $ 553 637 055 79 $ 548 176 923 45 $ 601 00904 MBS REMICs $ 650 242 108 58 $ 650 242 108 58 $ 689 811 108 29 $ 3 070 608 31 Debentures $ 349 948 369 05 $ 349 948 369 05 $ 351 422 500 00 $ 959 799 50 Debentures FR $ 200 000 000 00 $ 200 000 000 00 $ 200 150 000 00 $ 81 96689 Discount Notes $ 7 471 882 059 69 $ 7 480 057 498 58 $ 7 482 012 100 00 NA GNMA $ 71 09471 $ 71 09471 $ 79 244 92 $ 70339 ORD Deb FR $ 300 000 000 00 $ 300 000 000 00 $ 300 852 000 00 $ 297 429 00 CDs and YCDs FR $ $ $ $ Bank Notes $ 400 000 000 00 $ 400 000 000 00 $ 400 013 706 00 $ 157 CDs and YCDs $ 7 565 022 999 42 $ 7 565 012 999 42 $ 7 564 826 146 55 $ 1 717 588 Commercial Paper $ 7 763 458 330 82 $ 7 765 999 127 47 $ 7 765 904 501 10 NA Corporate Bonds FR $ 125 119 550 90 $ 125 119 550 90 $ 125 061 250 00 $ 43 494 81 Bonds $ $ $ $ Repurchase Agreements $ $ $ NA Reverse Repurchase $ $ $ Time Deposits $ 4 146 150 000 00 $ 4 146 150 000 00 $ 4 146 150 000 00 NA AB 55&GF Loans $ 7 484 250 710 44 $ 7 484 250 710 44 $ 7 484 250 710 44 NA TOTAL $ 69 385 966 553 40 $ 69 441 630 091 42 $ 69 555 776 590 75 $ 17 901 86535 Fair Value Including Accrued Interest $ 69 573 678 456 10 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 001643776) 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$20 032 875 52 or$20 000 000 00 x 1 001643776 Item 1 - Page 14 -14- ATTACHMENT #2 �r fD Schedule of Bond Investments Held by Fiscal Agent as of May 31 2010 d Summary of investments by type i Market Value Market Value Cm Par Value Investment Type as of 4/30/10 as of 5/31/10 $3 604 573 Local Agency Investment Fund (LAIF) $3 611 896 $3 604 573 $0 Federal Agency issues $0 $0 $4 179 090 investment Agreements $4 179 090 $4 179 090 $5 380 558 Money Market Funds $5 418 998 $5 380 558 $0 US Treasury Securities $0 $0 $13 164 221 $13 209 984 $13 164 221 Summary of Investments by Bond Issue Market Value Market Value Par value Bond issue Description as of 4/30/10 as of 5/31/10 0 $1 159 City of Huntington Beach 2004 Judgment Obligation Bonds(Property Tax Refunds) $1 159 $1 159 $2 202 796 City of Huntington Beach 2003 1 Community Facilities District(Huntington Center Bella Terra) $2 204 446 $2 202 796 $1 649 396 Redevelopment Agency of Huntington Beach 2002 Tax Allocation Refunding Bonds $1 649 396 $1 649 396 $507 163 Huntington Beach Community Facilities District No 2002 1 (McDonnell Centre Business Park) $509 486 $507 163 $2 041 826 Huntington Beach PFA 2001 Series A(South Beach Improvements & Central Park Sports Complex) $2 041 825 $2 041 826 $2 620 966 Huntington Beach PFA 2001 Series B (1993 Civic Center& Police Administration Bldg Refinance) $2 620 923 $2 620 966 $1 257 194 City of Huntington Beach 2001 Community Facilities District(Grand Coast Hyatt) $1 257 173 $1 257 194 $173 620 City of Huntington Beach 90 1 Community Facilities District Special Tax Refunding $210 497 $173 620 $1 394 151 Huntington Beach PFA 2000 Series A(Water System Impv Beach Mnt Facility Energy Retrofit SB Phase 1) $1 394 129 $1 394 151 $755 635 Redevelopment Agency of Huntington Beach 1999 Tax Allocation Refunding Bonds $760 635 $755 635 $560 315 Huntington Beach Public Finance Authority Lease Revenue Bonds 1997 Public Facilities Protect $560 315 $560 315 $0 City of Huntington Beach Multi Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $0 $0 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $13 164 221 $13 209 984 $13 164 221 ATTAC H M E N T #3 Pr 3 City of Huntington Beach Deferred Compensation Plan Summary Information .® as of June 30, 2010 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (3-31 10) (6 30-10) ICMA Retirement Corporation (457 Plan) $28 043 396 $1 159 984 ($391 961) ($1 392 980) ($1 040) $27 417 399 lCMA Retirement Corporation (401 Plan) $1 068 599 $13 199 $0 ($31 054) $0 $1 050 744 Nationwide Retirement Solutions (457 Plan) $53 773 525 $991 337 ($1 061 148) ($2 343 614) ($4 823) $51 355 277 Total Deferred Compensation Plan Balances $82 885 520 $2 164 520 ($1 453 109) ($3 767 648) ($5 863) $79 823 420 ®® e ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information 0 as of March 31, 2010 is Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (12 31-09) (3 31 10) CaIPERS Retiree Medical Trust Account $8 337 422 $309 592 ($541) $8 646 473 0 9tl 1 ATTAC H M E N T #5 rr �D City of Huntington Beach Supplemental Pension Trust information 0 .® as of June 30, 2010 cs �D N N Beginning Contributions/ Distributions/ Earnings Other Ending Balance Dividends Transfers (change in value) Balance (5 31-10) (6 30 10) Supplemental Pension Trust Account $24 866 322 $43 753 ($575 675) $24 334 400 N N ATTAC H M E N T #6 Ot Treasurer's Report - Shari L. Freidenrich, GP,A, CCMT, CPFA, CPFIM JUNE TREASURER'S REPORT rY � J m e Ilk, FF6 17 39D9 �� Shari L . Freidenrich , CPA, CCMT, CPFA, CPFiM August 2 , 2010 Slide I Treasurer's Report - Sham L Freidennch, CPA,, CCMT, CPFA, CPFIM Investment Ba Portfolio Balances by Type 2 2 24 2 2 22 16 M 1E9 100% 80% a Notes y� ❑ LAW // boa/� { ❑ Fed Ag 4oa/a { , ❑ CP M Money Mkt T � 2oa/V i 0% Jun-06 Jun©07 Jun-08 Jun® 9 Mar-10 Jun®10 Slide 2 3 a Treasurer's Report ® Shan L Preidenrich, CPA, CCMT, CP A, CPHM Investment Percentages By Type of Investment Fed Agcy - Commercial Discount Paper Money Mkt 3% 5 /° 7% Medium Term Notes r ri 1 Federal Agencies 34% LAIF 32% slide 3 Treasurer's Report a Shari L. Preienrich, CPA, CCMT, CPFA CPFIM i Oj u id i t Investment Maturities by Days, Ending June 2009/2010 4 % 29% 0 ® 1 Day 19% o ❑ 2-180 Days 1 a/a ❑ 5 - 1 Yr. 20%- a/0 °/® % 3% 1 ® 2 Yr M ❑ 2 - 3Yr. 123 ® r 0)0 28% 1 % 3% 8% 39% 2% 8% 7% ❑ 4 - 5 Yr A 2009 2010 Slide 4 Treasurer's Report - Shari L Frei en ch, CPA, CC MT, CPFo4, CPFIM All Funds and General Fund Estimated Net Cash Flow and Maturing Investments ® Next 6 Months $203 000,000 ($55000poy k, 4 ti $21400,000 r $456007000 ( 3 , 00,000) $26,000 000 20,0005000 9 $295000,000 ($55,000,000) $40,500,000 ($80,000,00oy Ju!®10 Aug®1 0 Sep®10 Oct-1 0 Nov-10 Dec-1 0 Slide 5 Treasurer's Report - Shari L Frer enrich, CPA, CC MT, CPF, , CPFIM Investment Yields Trends r r � " b6thl '�Y ��d�s`� < pit 4 r����� r��-' Monthly" IFS {2 fe 6 00% 4 89% 5 00% 4 00%ip e 2 76pi� 3 00%�0 2 14% ° 1 57°/p 2 00°/p 1 4'[°/p 1 00% 0 00% Jean-07 Mar-09 Jun-09 Dec-09 Mar-10 Jun-10 e Slide 6 MIS- NO ....... ......... I-M IRS . ..... lw� Treasurer's Report - shard L Frei ennch, CPA, CCTV T CPFA, CPFIM Summary Recommendation to Cit it 0 n n Slade 8 w Council/Agency Meeting Held Deferred/Continued to -A-AP oved ❑ ndit�onally App oved ❑ Denied G CI s Sig ure T Council Meeting Date July 19 2010 Department ID Number CT 10-012 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO Honorable Mayor and City Council Members SUBMITTED BY Shari L Freidenrich CPA City Treasurer PREPARED BY Shari L Freidenrich CPA City Treasurer SUBJECT Review and accept City Treasurer's May 2010 Investment Summary Report Statement of Issue Review and accept the Monthly Investment Report for May 2010 pursuant to Section 17 0 of the Investment Policy of the City of Huntington Beach Financial Impact 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 2010 pursuant to Section 17 0 of the Investment Policy of the City of Huntington Beach Alternative Action(s) Deny or critique monthly report -111- Item 1 - Page 1 REQUEST FOR COUNCIL ACTION MEETING DATE 7/19/2010 DEPARTMENT ID NUMBED CT 10-012 Analyses Not Applicable Environmental Status Not Applicable Strategic Plan Goal Maintain and enhance our financial reserves Improve internal and external communication Attachment(s) 1 Monthly Investment Report and Summary of Investments for May 2010 2 Schedule of Bond Investments 3 Deferred Compensation Plan Summary Information 4 Retiree Medical Trust Investments 5 Supplemental Pension Trust Investments 6 May 2010 PowerPoint Presentation Fern 1 - Page 2 -2- ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds Deferred Compensation Retiree Medical Trust and Deferred Compensation Trust Activity for May 2010 City Investment Portfolio April May Inc /(Dec } End of month City Portfolio Balance $179 821 640 $189 449 099 $9 627 459 End of Month Market Value $180 679 839 $190 290 611 $9 610 772 End of month General Fund Balance $45 059 178 $58 488 0E4 $13 428 886 Monthly Effective Rate of Return 1 61% 1 47% 0 14% Average Maturity ( in days) 499 465 (34) End of month bank cash balance $1 513 903 $1 448 876 ($65 027) Bond Proceeds Investments * March April Inc/(Dec ) End of Month Bond Reserve Par Value $14 117 541 $13 209 984 ($907 557) End of Month Bond Reserve Market Value $14 117 541 $13 209 984 ($907 557) Deferred Compensation Investments ** December March Inc](Dec ) Participant Balances $78 658 701 $82 848 713 $4 190 012 Retiree Medical Trust '* December March Inc/(Dec ) Trust Balance $8 337 422 $8 646 473 $309 051 Supplemental Pension Trust April May Inc /(Dec ) Trust Balance $26 496 529 $24 866 322 ($1 630 207) Comparison to Budget/City Portfolio Budget Actual Inc/(Dec ) Interest Earned for Month $200 000 $230 635 $30 635 Interest Earned Year to Date $1 600 000 $1 775 781 $175 781 Earned Interest Yield Year to Date 1 50% 1 65% 0 15% Average Daily Balance $160 000 000 $161 239 292 $1 239 292 Bond Proceeds Statements are issued monthfy and may lag by more than one month Deferred Compensation and Medical Retiree Statements are issued quarterly •uii uiirwnn Ill lrillll i�r Summary by Individual Investment in City Investment Portfolio Days YTM lnt May % of Total Policy Limit to Mat Rate Federal Agency Issues Coupon $63 963 855 34% None 1081 2 53% Local Agency Inv Fund (LAIF) $59 990 765 32% $60 million 1 0 56% Medium Term Notes $27 132 469 14% 20% 648 2 01% Commercial Paper Disc -Amortizing $13 995 524 7% 25% 40 0 31% Federal Agency Disc Amortizing $20 980 202 11% None 31 0 16% Money Market Acct $3 386 284 2% 10% 1 0 05% $189 449 099 100% 465 1 36% Item 'I - Page 4 -4- City of Huntington Beach t, x City of Hg 2000 Main St r Portfolio Management Huntington Beach UVTy cA`\�oe Portfolio Summary May 31, 2010 Par Market Book / of Days to YTM YTM Investments Value Value value Portfolio Term Maturity 360 Equiv 366 Equiv Federal Agency Issues Coupon 64 000 000 00 64 431 22000 6396386527 3376 1 372 1 081 2 492 2 527 Local Agency Investment Funds 59 990 765 31 59 990 765 31 59 990 765 31 31 67 1 1 0 552 0 550 Mediurr Term Notes 27 000 000 00 27 507 410 00 127 132 4f8 65 14 I32 1 071 648 1 984 2012 Commercial Paper Disc Amortizing 14 000 000 00 13 993 430 00 13 995 523 89 739 63 40 0 305 0 309 Federal Agency Disc Amortzing 20 983 000 00 20 981 501 70 20 980 202 27 11 07 54 31 0 155 0 158 Money Market Acc' 3 386 284 06 386 284 06 3 386 284 06 179 1 0 049 0 050 189 360 049 37 190 290 611 07 189 449 099 46 100 00/C 627 465 1 341 1 360 Investments _ Total Earnings _ May 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 230 635 48 1 775 781 49 Current Budget 200 000 00 1 600 000 00 2 400 000 00 u Last Year Actual 443 998 00 3 975 242 00 510709500 Average Daily Balance 184 628 114 04 161 239 291 97 Effective Rate of Return 1 47/6 1 65% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is In conformity wsth all State laws and the investment policy statement filed with the City Council on December 21 2009 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 months obligations ket Values p vided by Union Bank via Interactive Data Corporation ` �vnc 3J, Za10 HA L FREID14NRICH CPA CITY TREASURER e Reporting period 05/0112010 05/3112010 Portfolio CITY AP R Date 0 1 820 55 Piv1(PRF_PM1 SymRep 642 Repo-Ver 50 F* City of HB Portfolio Management page 2 c� Portfolio Details - Investments (D May 31, 2010 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 31 31GL98 3780 Feaeral Farm Credit Bank 08/26/2009 2 000 000 00 2 015 620 00 2 000 000 00 3 150 AAA 3 150 1 547 08/26/2014 313ol GS26 3796 FedeW Farm Credit Bank 09123/2009 2 000 000 00 2 012 500 00 2 000 000 00 2 350 AAA 2 350 1 210 09123/2013 31331 GR92 3797 Federal Farm Credit Bank 09/28/2009 2 000 000 00 2 008 760 00 2 000 000 00 1 850 AAA 1 850 850 09/26/2012 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 200000000 2 013 760 00 2 000 000 00 5 600 AAA 5 600 780 07/20/2012 313.,XS7E2 3671 Federal Home Loan Banx 09/17/2008 2 000 000 00 2 020 000 00 2 000 000 00 4 150 AAA 4 150 1 204 09/1712013 3133XUNE9 3785 Federal Home loan Sank 08/26/2009 2 000 000 00 2 045 260 00 2 000 000 00 2 750 AAA 2 750 1 175 08119/2013 3133XVHT1 3800 Federal Home Loan Bank 11/10/2009 2 000 000 00 2 003 760 00 2 000 000 00 1 750 AAA 1 750 801 08/1012012 3133XVHP9 3501 Federal Home Loan Bank 11/16/2009 2 000 000 00 2003 12000 2 000 000 00 1 250 AAA 1 250 899 11/16/2012 3133XW2N8 3806 Federal Home Loan Bank 12/11/2009 2 000 000 00 2 000 000 00 2 000 000 00 0 750 AAA 0 750 924 12/11/2012 3136FJY39 3814 Federal Home Loan Bank 01/2812010 2 000 000 00 2 008 760 00 2 000 000 00 3 050 AAA 3 050 1 702 01/28/2015 3128X7NF7 3644 Federal Home Loan Mort Corp 05/0512008 2 000 000 00 2 025 540 00 1 999 486 67 3 375 AAA 3 438 157 11/05/2010 3128X7JK1 o646 Federal Home Loan Mort Corp 05/06/2005 2 000 000 00 2 044 880 00 1 996 219 15 3 250 AAA 3 480 317 04/14/2011 3128X7SV7 1655 Federal Home Loan Mort Corp 05/23/2008 2 000 000 00 2 028 680 00 1 986 432 79 3 700 AAA 4 002 906 11/23/2012 3128X6TZ5 3725 Federal Home Loan Mort Corp 04/08/2009 2 000 000 00 2 032 360 00 2 000 000 00 2 500 AAA 2 500 1 042 04/08/2013 3128X8S29 3754 Federal Home Loan Mort Corp 06/30/2009 2 000 000 00 2 004 700 00 200000000 3 000 AAA 3 000 1 490 06/30/2014 01 3128X9VG2 3816 Federal Home Loan Mort Corp 01/29/2010 2 000 000 00 2 004 840 00 2 000 000 00 1 750 AAA 1 750 1 703 01/29/2015 3128X9Z78 3819 Federal Home Loan Mort Corp 04101/2010 2 000 000 00 2 002 900 00 1 999 523 81 2 000 AAA 2007 1 218 10101/2013 3128X95S5 3823 Federal Home Loan Mort Corp 04129/2D10 2 000 000 00 2 004 640 00 2 000 000 00 2000 AAA 2000 1 063 04/29/2013 3128X97C8 3824 Federal Home Loan Mort Corp 04/27/2010 2 000 000 00 2 007 000 00 2 000 000 00 1 375 AAA 1 375 787 07/27/2012 3136F9MND 3643 Fed Nat I Mort Assoc 04/29/2008 2 000 000 00 2 058 760 00 1 998 835 56 4 000 AAA 4 022 1 063 04129/20 13 3136F94M2 3714 Fed Nat I Mort Assoc 01/27/2009 2 000 000 00 2 004 380 00 2 000 000 00 2000 AAA 2000 605 01127/2012 o136FJCJ8 3794 Fed Na I Mort Assoc 09117/2009 2 000 000 00 2 013 120 00 2 000 000 00 2070 AAA 2070 930 12/17/2012 3136FjQF1 3803 Fed Nat I Mort Assoc 11/05/2009 2 000 000 00 2 005 000 00 2 000 000 00 1 150 AAA 2 924 1 253 11/05/2013 3136FJZYO 008 Fed Nat I Mor' Assoc 12128/2009 2 000 000 00 2 005 000 00 2 000 000 00 1 500 AAA 2 354 850 09/28/2012 139SAB76 3809 Fed Nat I Mort Assoc 12/28/2009 2 000 000 00 2 010 000 00 1 996 137 50 1 750 AAA 1 827 941 12/28/2012 31398AB84 3810 Fed Nat I Mort Assoc 12/30/2009 2 000 000 00 2 004 380 00 1 991 02211 3 000 AAA 3 107 1 673 12/30/2014 3136FJU82 3812 Fed Nat I Mort Assoc 01/26/2010 200000000 2 002 500 00 2 000 000 00 1 550 AAA 1 560 786 07/26/2012 313(5FJ6D8 3816 Fed Nat I Mort Assoc 02/26/2010 2 000 000 00 2 008 120 00 2 000 000 00 2 100 AAA 2 100 1 731 02/26/2015 31398AJ29 3817 Fed Nat I Mort Assoc 03/16/2010 2 000 000 00 2 008 120 00 1 998 11905 2 100 AAA 2 130 1 203 09/16/2013 3136FMGH1 3518 Fed Nat I Mort Assoc 04/05/2010 2 000 000 00 200662000 2 000 000 00 1 550 AAA 1 550 857 10/0512012 3136FMHT4 3820 Fed Nat!Mort Assoc 04/15/2010 2 000 000 00 2 009 350 00 1 Q98 078 63 9 000 AAA 2032 1 140 07/15/2013 3136FMMM3 3822 Fed Nat1 Mort Assoc 05/04/20 0 2 000 C00 00 2 008 760 00 2 000 000 00 3 000 AAA 3 000 1 798 05/04/2015 Subtotal and Average 66 727 379 19 64 000 000 00 64 431 22000 63 963 855 27 2 527 1 081 Portfolio CITY AP Ru Da 061 8 554 PM(F 12)SymReP 6 42 R —f\1 r') City of HB Portfolio Management Page 3 Portfolio Details Investments May 31, 2010 Average Purchase Stated YTM Days to Maturity CUSIP investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody s 365 Maturity Date Local Agency Investment Funds SYS982 982 Lail'City 29 990 765 31 29 990 765 31 29 990 765 31 0 560 NR 0 560 1 SYS2206 2206 LAI F Redevelopment Agency 30 000 000 00 30 000 000 00 30 000 000 00 0 560 NR 0 560 1 Subtotal and Average 59 539 152 41 69 990 765 31 59 990 765 31 59 990 765 31 0 560 1 Medium Term Notes 060{OBAJO o734 Bank of America FDIC Insured 04/30/2009 2 000 000 00 2 052 280 00 2021 70633 2 375 Aaa 1 830 751 06/22/2012 084664AF8 3475 Berkshire Hathaway Fin 01/1712007 2 000 000 00 2 036 500 00 1 992 027 81 4200 As 5 023 197 12/15/2010 17314AAF9 3723 Cingroup FDIC Insured 03/30/2009 2 000 000 00 2 035 520 00 1 996 717 20 2000 Aaa 2093 668 03/30/2012 17313YAB7 o739 Citigroup FDIC Insured 05/05/2009 2 000 000 00 2013 18000 1 999 730 94 1 375 Aaa 1 390 338 05/05/2011 36967HBB2 3805 GE Capital FDIC Insured 11/03/2009 2 000 000 00 2 033 020 00 2 012 639 10 2000 Aaa 1 720 850 09/28/2012 .6967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2 000 000 00 2 044 880 00 2 019 006 40 2 250 Aaa 1 701 660 03/12/2012 C957HAHO 3735 General Electric Cap FDIC Insu 04/30/2009 2 000 000 00 104445000 2 013 668 64 2200 Aaa 1 850 738 06/06/2012 o6186CBF9 3763 GMAC FDIC Insured 0613012009 2 000 000 00 '041 760 00 1 992 1/9 r3 2200 Aaa 2 361 932 12/19/2012 38185JAA7 3804 GMAC FDIC Insured 11/03i2009 2 000 000 00 2 020 560 00 1 998 418 53 1 750 Aaa 1 784 882 10/30/2012 u 38146FAFB 3732 Goldman Sachs FDIC Insured 04/27/2009 2 000 000 00 2 020 580 00 2 003 837 49 1 625 Aaa 1 450 409 07/15/2011 e 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2 000 000 00 2 042 600 00 2 016 976 60 2200 Aaa 1 770 745 06/15/2012 49328CAA3 3770 Key Bank FDIC Insured 06/30/2009 2 000 000 00 2081 46000 2 047 265 46 3 200 Aaa 2000 745 06M5/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2 000 000 00 2 026 360 00 2 015 638 07 2000 Aaa 1 390 478 09/22/2011 91150HAGI 3743 US Bank FDIC Insured 05/19/2009 1 000 000 00 1 014 230 00 1 002 65¢36 1 800 Aaa 1 660 714 05/15/2012 Subtotal and Average 27 134 848 66 27 000 000 00 27 507 410 00 27 132 468 66 2012 648 Commercial Paper Disc Amortizing 17.,07SFB3 3832 Citigroup Global 05/28/2010 5 000 000 00 4 999 550 00 4 999 513 89 0 350 P 1 0 355 10 06111/2010 36959JGU1 3825 General Eiectnc Capita Corp 04129/2010 9 000 000 00 599388000 8 996 010 00 0 280 P 1 0 284 57 07/28/2010 Subtotal and Average 9 640 049 16 14 000 000 00 13 993 430 00 13 995 523 89 0 309 40 Federal Agency Disc Amortizing 313313ZHI 3831 Federal Farm Credit Bank 05/28/2010 4 000 000 00 3 999 600 00 3 999 331 11 0 140 AAA 0 144 43 0711412010 313385ZF6 3827 Federal Home Loan Bank 0412912CI O 4 089 000 00 4 088 591 10 4 088 254 89 0 160 AAA 0 165 41 C711 212 0 1 0 313385XY7 3829 Federal Home Loan Bank 05/1412010 6 000 000 00 6 000 000 00 5 999 750 00 0 160 AAA 0 154 10 06/11/2010 313397YZ8 3826 Federal Home Loan Mort Corp 04/29/2010 4 594 000 00 4 593 54060 4 593 285 38 0 160 AAA 0 165 35 07/06/2010 31.,397ZF1 3828 Federal Home Loan Mort Corp 04/29/2010 2 40 000 00 2 299 770 00 2 299 580 89 0 160 AAA 0 165 41 07/12/2D10 Subtotal and Average 14 980 031 09 20 983 000 00 20 981 501 70 20 980 202 27 0 158 31 Portfolio CITY AP Ru Date Jo 6l20 0 i .A PM{PRF_PM2 Sy—Reu 6 42 �a fD City of HB Portfolio Management Page 4 Portfolio Details Investments cD May 31, 2010 CO Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody s 365 Maturity Date Money Market Acct SYS3802 3802 Union Bank US Csov t tAMF 10/22/2009 3 386 284 06 3 386 284 06 3 386 284 06 0 Oa0 Aaa 0 050 1 SYS3789 3789 Union Bank US Trea MMF 000 000 000 0 020 Aaa 0 020 1 Subtotal and Average 6 606 653 53 3 386 284 06 3 386 284 06 3 386 284 06 0 050 1 Total and Average 184 628 114 04 189 360 04S 37 190 290 611 07 189 449 099 46 1 360 465 e a Portfolio CITY AP R n D e 061 1554 PM I oM2 Syrj Rep 6 44 City of HB Portfolio Management Page 5 Activity By Type May 1, 2010 through May 31, 2010 Stated Transaction Purchases Redemptions CUSIP investment tf Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues Coupon 31331('WQ8 3751 Federal Farm Credit Bank 1 800 05/21/2010 coo 1 984 644 55 128X7SK1 3650 Federal Home Loan Mort Corp 3 250 05/27/2010 000 2 000 000 00 3136FMMMa 3822 Fed Nat I Mort Assoc 3 000 05/04/2010 2 000 000 00 000 Subtotal 2 000 000 00 3 984 644 55 63 963 855 27 Local Agency Investment Funds (Monthly Summary) S"S982 982 Lwf City 0 560 2 000 000 00 2 000 000 00 Subtotal 2 000 000 00 2 000 000 00 6999076531 Medium Term Notes Subtotal 27 132 468 66 Commercial Paper Disc Amortizing 17307SFB3 3832 Cctigroup Global 0 350 05/28/2010 4 999 319 44 000 Subtotal 4 999 319 44 000 13 995 523 89 Federal Agency Disc Amortizing 313313ZH4 3831 Federal Farm Credit Bank 0 140 05/28/2010 3 999 268 89 000 313385XY7 3829 Federal Horne Loan Bant 0 150 05114/2010 5 999 300 00 000 Subtotal 9 998 568 89 000 20 980 202 27 Money Market Acct (Monthly Summary) SYS3802 3802 Union Bank US Gov t MMF 0 050 17 937 136 60 21 324 000 00 Subtotal 17 937 136 60 21 324 000 00 3 386 284 06 Total 36 935 024 93 27 308 644 55 189 449 099 46 c+P a Portfolio CITY AP Rust Da e 0o1 W010 5 54 PM PR PN3 SyrnRep 6 42 Repo-VPr 5 00 m F* City of HB 0 T Portfolio Management Page 6 Activity Summary May 2009 through May 2010 ® 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 2009 80 228 319 866 33 2 313 2 345 1 530 5 8 596 406 June 2009 77 221 774 096 95 2 109 2 138 1 377 27 30 590 414 July 2009 63 206 333 931 37 2075 2 104 1 035 4 18 635 435 August 2009 53 185 785 442 19 1 748 1 772 0 925 16 26 616 451 September 2009 50 173 226 879 22 1 902 1 929 0 750 9 12 762 594 October 2009 49 150 346 976 41 1 888 1 914 0 646 1 2 788 600 November 2009 51 146 822 868 24 1 847 1 873 0 611 5 3 809 627 December 2009 53 151 113 246 79 1 670 1 693 0 569 5 3 762 599 January 2010 55 171 370 134 78 1 586 1 608 0 558 5 3 741 585 February 2010 54 165 290 104 23 1 687 1 710 0 577 1 2 800 618 March 2010 51 160 010 461 11 1 559 1 581 0 547 2 5 724 536 April 2010 55 160 226 735 19 1 432 1 452 0 588 9 5 662 499 May 2010 57 184 628 114 04 1 341 1 360 0 560 4 2 627 465 Average 58 177 436 347 65 1 781/0 1 806/6 0 790 7 9 701 525 A Portfolio CITY AP Rv Da e 06/ 554 RF_PW sv-lRep 6 42 ReooP V r 5 X City of HB Portfolio Management Page 7 Distribution of Investments By Type May 2009 through May 2010 May June July August September October November December January February March April May Average Security Type 2009 2009 2009 2009 2009 2009 2009 2009 2010 2010 2010 2010 2010 by Period Repurchase Agreements Certificates of Deposit Commercial Paper Interest Bearing Federal Agency Issues Coupon 48$ 493 451 375 441 44 1 448 431 424 462 39 9 367 33 8 42 7% Local Agency investment Funds 267 27 1 31 2 31 1 )8 9 385 348 369 35 4 364 37 5 334 31 7 33 8% Treasury Securities Coupon 27 2 7 31 0 7% Medium Term Notes 85 105 121 127 150 157 185 167 160 170 170 151 143 146A _Negotiable CDs Certificates of Deposit Bank Mortgage Backed Securities Bankers Acceptances Amortizing Commercial Paper Disc Amortizing 8 0 68 33 47 25 50 74 2 9% Federal Agency Disc Amortizing 55 38 7 9 154 61 11 1 3 8°I Treasury Discounts Amortizing Miscellaneous Discounts Amortizing Money Market Acct _ 05 2 0 18 1 9 33 14 14 3 1 38 1 8 1 6% Rolling Repurchase Agreements rt Portfolio CITY AP .h Rig D e 081 81-010 15 54 PM(PRF_PM5)SyriRep 6 Q _h Repo"Ve -00 AL City of HI3 T Portfolio Management Page 8 (a Interest Earnings Summary May 31, 2010 May 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments Interest Collected 168 000 00 1 661 82761 Plus Accrued Interest at End of Period 548 936 41 548 936 41 Less Accrued Interest at Beginning of Period ( 531 333 59) ( 632 384 47) Less Accrued Interest at Purchase During Period ( 0 00) { 0 00) Interest Earned during Period 185 602 82 1 578 379 55 Adjusted by Premiums and Discounts 1 07885 22 528 92 Adjusted by Capital Gains or Losses 15 355 45 2 975 76 Earnings during Periods 202 037 12 1 552 874 87 Pass Through Securities Interest Collected 000 000 Plus Accrued Interest at End of Period 000 coo Less Accrued Interest at Beginning of Period ( 0 00) { 0 00) Less Accrued Interest at Purchase During Period ( 0 00) ( 0 00) ° Interest Earned during Period 000 0 00 Adjusted by Premiums and Discounts 000 000 Adjusted by Capital Gains or Losses 000 000 Earnings during Periods 000 000 Cash/Checking Accounts Interest Collected 13660 300 634 32 Plus Accrued Interest at End of Period 59 11793 5911793 Less Accrued Interest at Beginning of Period { 30 656 17) ( 136 845 63) Interest Earned during Period 28 598 36 222 906 62 Total Interest Earned during Period 214 201 18 1 801 28617 Total Adjustments from Premiums and Discounts 1 07885 22 528 92 Total Capital Gains or Losses 1535546 2 975 76 Total Earnings during Period 230 636 48 1 775 781 49 Portfolio CITY AP Run Da e 0;/ 5 4 -_PM5)SyrnRe t�42 Repot ver 5 0 r Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Office of the City Treasurer May 2010 Cash Receipts and Disbursements April 20_10 May 2010 Receipts Property Tax Receipts 21 252,723 14 229 454 Utility Tax Receipts (UUT) 1 738 468 1 584 047 Sales Tax Receipts 1 118 900 1 635 200 112 Cent Safety Sales Tax Receipts 112 757 158 648 Highway Users Tax Receipts (HUT) 1 536 536 (1) 300 152 Transient Occupancy Tax Receipts (TOT) 487 182 438 887 All Other Receipts 17 209 847 19 738 569 Subtotal Receipts 43,456,413 38 084,957 Disbursements Other Disbursements 30 878 245 (29,246,824) Net Change in Cash Flow 12,578,168 8,838,133 Summary of Cash by Fund Aril 2010 May 2010 General Fund 45 059 178 58 488 064 Government Funds 921,849 906 773 Capital Funds 18 275 097 14 434 400 Debt Service Funds 12 891 244 10 278135 Enterprise Funds 89 959 276 90 459 606 Fiduciary Funds 1 326 099 1 352149 Special Revenue Funds 13,163,995 13,331,524 181,596,738 189,250,651 (1) The State of California deferred HUT receipts from November to March until April 2010 *Total cash will differ from investment portfolio total due to outstanding checks and/or other timing Note Above information was obtained from the City s accounting system records The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio This statement is prepared in compliance with the City s Charter City Treasurer Monthly Report of Receipts&Disbursements As May 2010 -13- Item 1 - Page 13 State of California Pooled Money Investment account Market Valuation 5/31/2010 Carrying Cost Plus Description Accrued Interest Purch Fair Value Accrued Interest United States Treasury Bills $ 27 619 020 600 68 $ 27 683 337 700 00 NA Notes $ 7 454 432 720 02 $ 7 496 749 000 00 $ 31 002 703-5 o Federal Agency SBA $ 561 158 951 29 $ 554 711 275 66 $ 608 876 25 MBS REMICs $ 692 696 090 55 $ 737 403 230 98 $ 3 268 939 39 Debentures $ 1 107 816 421 13 $ 1 109 997 000 00 $ 12 019 591 02 Debentures FR $ 400 000 000 00 $ 400 102 000 00 $ 81 22022 Discount Notes $ 4 922 917 260 94 $ 4 934 204 000 00 NA GNMA $ 74 246 79 $ 82 686 40 $ 73425 ORD Deb FR $ 300 000 000 00 $ 300 798 000 00 $ 162 234 00 CDs and YCDs FR $ $ $ Bank Notes $ 500 000 000 00 $ 499 991 662 00 $ 90 138 89 CDs and YCDs $ 6 325 020 231 86 $ 6 324 504 691 50 $ 3 382 888 89 Commercial Paper $ 7 817 116 027 54 $ 7 818 247 848 60 NA Corporate Bonds FR $ 125 1 1 9 550 90 $ 125 011 750 00 $ 67 771 91 Bonds $ $ $ Repurchase Agreements $ $ NA Reverse Repurchase $ $ $ Time Deposits $ 4 054 640 000 00 $ 4 054 640 000 00 NA AB 55&GF Loans $ 10 081 233 713 92 $ 10 081 233 713 92 NA TOTAL $ 71 961 245 815 62 $ 72 121 014 559 06 $ 50 685 098 32 Fair Value Including Accrued Interest $ 72 171 699 657 38 Repurchase Agreements Time Deposits AB 55&General Fund loans and Reverse Repurchase agreements are carried at portfolio book value(carrying cost) Item 1 - Page 14 -14- ATTACHMENT #2 Schedule of Bond Investments °a -field by Fiso81 Agent as of April 30 2010 0 Summary of investments by type Market Value Market Value Par Value Investment Type as of 3/31/10 as of 4/30/10 $3 611 896 local Agency Investment Fund (LAIF) $3 608 925 $3 611 896 $0 Federal Agency Issues $0 $0 $4 179 090 Investment Agreements $4 179 090 $4 179 090 $5 418 998 Money Market Funds $6 329 526 $5 418 998 $0 US Treasury Securities $0 $0 $13 209 984 $14 117 541 $13 209 984 Summary of Investments by Bond Issue Market Value Market Value 0 Par value Bond Issue Description as of 3131/10 as of 4/30/10 $1 159 City of Huntington Beach 2004 Judgment Obligation Bonds(Property Tax Refunds) $913 103 $1 159 $2 204 446 City of Huntington Beach 2003 1 Community Facilities District(Huntington Center Bella Terra) $2 201 447 $2 204 446 $1 649 396 Redevelopment Agency of Huntington Beach 2002 Tax Allocation Refunding Bonds $1 649 396 $1 649 396 $509 486 Huntington Beach Community Facilities District No 2002 1 (McDonnell Centre Business Park) $508 81 1 $509 486 $2 041 825 Huntington Beach PFA 2001 Series A(South Beach Improvements& Central Park Sports Complex) $21 041 824 $2 041 825 $2 620 923 Huntington Beach PFA 2001 Series B (1993 Civic Center& Police Administration Bldg Refinance) $2 620 878 $2 620 923 $1 257 173 City of Huntington Beach 2001 Community Facilities District(Grand Coast Hyatt) $1 257 152 $1 257 173 $210 497 City of Huntington Beach 90 1 Community Facilities District Special Tax Refunding $210 915 $210 497 $1 394 129 Huntington Beach PFA 2000 Series A(Water System Impv Beach Mnt Facility Energy Retrofit SB Phase 1) $1,394 105 $1 394 129 $760 635 Redevelopment Agency of Huntington Beach 1999 Tax Allocation Refunding Bonds $759 596 $760 635 $560 315 Huntington Beach Public Finance Authority lease Revenue Bonds 1997 Public Facilities Project $560 314 $560 315 $0 City of Huntington Beach Multi Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $0 $0 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $13 209 984 $14 117 541 $13 209 9$4 ATTACHMENT #3 x M City of Huntington Beach a Deferred Compensation Plan Summary Information as of March 31, 2010 c� M co Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (12 31 09) (3-31-10) ICMA Retirement Corporation (457 Plan) $26 839 998 $678 460 ($250 869) $776 951 ($1 144) $28 043 396 ICMA Retirement Corporation (401 Plan) $1 031 792 $1 031 792 Nationwide Retirement Solutions (457 Plan) $52 656 254 $1 467 531 ($1 686 868) $1 347 133 ($10 525) $53 773 525 Total Deferred Compensation Plan Balances $80 528 044 $2 145 991 ($1 937 737) $2 124 084 ($11 669) $82 848 713 e ATTACHMENT #4 �o- fD City of Huntington Beach Retiree Medical Trust Information 0 as of March 31, 2010 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (12-31 09) (3-31-10) CaIPERS Retiree Medical Trust Account $8 337 422 $309 592 ($541) $8 646 473 0 0 ATTACHMENT #5 0 (D City of Huntington Beach Supplemental Pension Trust Information V as of May 31, 2010 w c� Beginning Contributions/ Distributions/ Earnings Other Ending Balance Dividends Transfers (change in value) Balance (4 30-10) (5 31-10) Supplemental Pension Trust Account $26 496 529 $14 768 ($1 644 975) $24 866 322 0 0 ATTACHMENT #6 a Treasurer's Report - Shari L Fre® enrich, CPA, CCMT, CPFA, CPFIM Moy rarer ' s Report e O' f Shari L. Freidenrich , CPFA, CPFIM July 19, 2010 Treasurer's Report @ Shari La Freidenrlch, CPA, CCMT, CPF , CPFIM $ in 000's Financial Information April May Inc End of Month City Portfolio $179 822 $189 449 $9 627 End of Month Market Value $180 680 $190 291 $9 611 Interest Earned for Month $0 212 $0 231 $0 019 Earned Interest Yield Year to Date 1 69% 1 65% -0 04% Average Maturity ( in days) 499 465 (34) YTD Average Daily Balance $157 819 $161 239 $3 420 $ in 000"s Change From YTD Change Bgt Change Receipts Thru May 2010 Same Month % From Last % From Prior Last Year Year Yr Receipts Property Tax Receipts (Total) $1 ,999 16 3% $237 0 3% 3 0% • • Property Tax Receipts (GF) $1 ,944 16 1% $264 0 4% (4 8% 1 % Sales Tax Receipts $191 13 2% $167) (1 8%) (4 0%) - • 1/2 Cent Sales Tax $49 44 2% ($30) (3 4% (0 8%) • • Utility Users Tax ($47) 2 9%) ($556) (4 6%) 5 1% d Transient Occupancy Tax $9 2 1 % ($17 (0 6%) (0 4%} • . Highway Users Tax $115) 0 0% ($42) (2 3%) (25 0% Real Property Transfer Tax $27 69 0% $123 39 4% 25 3%) -• ® Foreclosures 10 55 6% 22 11 4% n/af ' Difference between YTD % and Budget % is equal to or greater than 0% - . Difference between YTD % and Budget % is between (5%) and 0% Difference between YTD % and Budget % is greater than (5%) Council/Agency Meeting Held: 4zoZj Xjavo Deferred/Continued to: Ap rove ❑ onditionally Approved - '�Sig Denied it Clerknat r m use/Cs4- Da D Council Meeting Date: June 21, 2010 Departmen ID Number: CT 10-011 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: Honorable Mayor and City Council Members SUBMITTED BY: Shari L. Freidenrich, CPA, City Treasurer PREPARED BY: Shari L. Freidenrich, CPA, City Treasurer SUBJECT: Review and Accept City Treasurer's April 2010 Investment Summary Report Statement of Issue: Review and accept the Monthly Investment Report for April 2010, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Financial Impact: 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 2010, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. -1- Item 2. - Page 1 REQUEST FOR COUNCIL ACTION MEETING DATE: 6/21/2010 DEPARTMENT ID NUMBER: CT 10-011 Analysis: Not Applicable. Environmental Status: Not Applicable. Strategic Plan Goal: Maintain and enhance our financial reserves. Improve internal and external Communication Attachment(s): D- 1. Monthly Investment Report and Summary of Investments for April 2010 2. 1 Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. Supplemental Pension Trust Investments 6. Aril 2010 PowerPoint Presentation Item 2. - Page 2 -2- ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds, Deferred Compensation, Retiree Medical Trust, and Deferred Compensation Trust Activity for April 2010 City Investment Portfolio: March April Inc./(Dec.) End of month City Portfolio Balance $160,107,434 $179,821,640 $19,714,206 End of Month Market Value $160,906,338 $180,679,839 $19,773,501 End of month General Fund Balance $34,677,202 $45,059,178 $10,381,976 Monthly Effective Rate of Return 1.57% 1.61% 0.04% Average Maturity ( in days) 536 499 (37) End of month bank cash balance $1,207,905 $1,513,903 $305,998 Bond Proceeds Investments:* February March Inc./(Dec.) End of Month Bond Reserve Par Value $16,308,447 $14,117,541 ($2,190,906) End of Month Bond Reserve Market Value $16,308,447 $14,117,541 ($2,190,906) Deferred Compensation Investments:** December March Inc./(Dec.) Participant Balances $78,658,701 $82,848,713 $4,190,012 Retiree Medical Trust:** December March Inc./(Dec.) Trust Balance $8,337,422 $8,646,473 $309,051 Supplemental Pension Trust: March April Inc./(Dec.) Trust Balance $26,204,347 $26,496,529 $292,182 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $200,000 $212,357 $12,357 Interest Earned Year to Date $1,400,000 $1,545,146 $145,146 Earned Interest Yield Year to Date 1.50% 1.69% 0.19% Average Daily Balance $160,000,000 $157,819,228 ($2,180,772) "Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree 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 $65,946,722 37% None 1058 2.521/1( Local Agency Inv. Fund (LAIF) $59,990,765 33% $60 million 1 0.590/( Medium Term Notes $27,137,557 15% 20% 679 2.01IX Commercial Paper Disc. -Amortizing $8,993,840 5% 25% 88 0.280X Federal Agency Disc. -Amortizing $10,979,608 6% None 69 0.170X Money Market Acct $6,773,147 4% 10% 1 0.050/1 $179,821,640 100% 499 1.4511/t Item 2. - Page 4 -4- ll��NT I NGT�y O` NC�P 9gq�Fa F9 City of Huntington Beach City of HB 2000 Main St z Portfolio Management Huntington Beach 92cF�UUNTY�P�\�oQ Portfolio Summary April 30, 2010 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 66,000,000.00 66,435,360.00 65,946,722.12 36.67 1,340 1,058 2.490 2.524 Local Agency Investment Funds 59,990,765.31 59,990,765.31 59,990,765.31 33.36 1 1 0.580 0.588 Medium Term Notes 27,000,000.00 27,508,140.00 27,137,557.39 15.09 1,071 679 1.984 2.012 Commercial Paper Disc.-Amortizing 9,000,000.00 8,993,160.00 8,993,840.00 5.00 90 88 0.280 0,284 Federal Agency Disc.-Amortizing 10,983,000.00 10,979,066.20 10,979,607.95 6.11 71 69 0.162 0.165 Money Market Acct 6,773,147.46 6,773,147.46 6,773,147.46 3.77 1 1 0.049 0.050 179,746,912.77 180,679,638.97 179,821,640.23 100.00% 662 499 1.432 1.452 Investments Total Earnings April 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 212,357,16 1,545,146.11 Current Budget 200,000.00 1,400,000.00 2,400,000.00 Last Year Actual 435,703.00 3,531,244.00 5,107,095.00 Average Daily Balance 160,226,735.19 157,819,228.36 Effective Rate of Return 1.61% 1.69% 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 December 21,2009. 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)Jues provided by Union Bank via Interactive Data Corporation. HARI REIDENR H,CPA,CITY TREASURER Reporting period 04/01/2010-04/30/2010 Portfolio CITY AP Run Date:05/27/2010-16:14 PM(PRF_PM1)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments April 30, 2010 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 31331GWQ8 3751 Federal Farm Credit Bank 06/16/2009 2,000,000.00 2,001,260.00 1,984,218.01 1,800 AAA 2.198 751 05/21/2012 31331GL98 3780 Federal Farm Credit Bank 08/26/2009 2,000,000.00 2,020,620.00 2,000,000,00 3.150 AAA 3.150 1,578 08/26/2014 31331GS26 3796 Federal Farm Credit Bank 09/23/2009 2,000,000.00 2,013,760.00 2,000,000,00 2.350 AAA 2.350 1,241 09/23/2013 31331GR92 3797 Federal Farm Credit Bank 09/28/2009 2,000,000.00 2,010,620.00 2,000,000,00 1.850 AAA 1.850 881 09/28/2012 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,021,880.00 2,000,000.00 5.600 AAA 5.600 811 07/20/2012 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,026,260.00 2,000,000.00 4.150 AAA 4.150 1,235 09/17/2013 3133XUNE9 3785 Federal Home Loan Bank 08/2612009 2,000,000.00 2,040,620.00 2,000,000.00 2.750 AAA 2.750 1,206 08/19/2013 3133XVHT1 3800 Federal Home Loan Bank 11/10/2009 2,000,000.00 2.005,000.00 2,000,000.00 1.750 AAA 1.750 832 08/10/2012 3133XVHP9 3801 Federal Home Loan Bank 11/16/2009 2,000,000.00 2,004,380.00 2,000,000.00 1.250 AAA 1.250 930 11/16/2012 3133XW2N8 3806 Federal Home Loan Bank 12/11/2009 2,000,000.00 2,000,620.00 2,000,000.00 0.750 AAA 0.750 955 12/11/2012 3136FJY39 3814 Federal Home Loan Bank 01/28/2010 2,000,000.00 2,011,260.00 2,000,000.00 3.050 AAA 3.050 1,733 01/28/2015 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,028,820.00 1,999,386.67 3.375 AAA 3.438 188 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,048,440.00 1,995,856.77 3.250 AAA 3.480 348 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,003,620.00 2,000,000.00 3.250 AAA 3,250 391 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,033,200.00 1,985,976.49 3.700 AAA 4.002 937 11/23/2012 3128X8TZ5 3725 Federal Home Loan Mort Corp 04/08/2009 2,000,000.00 2,033,260.00 2,000,000.00 2.500 AAA 2.500 1,073 04/08/2013 3128X8S29 3754 Federal Home Loan Mort Corp 06/30/2009 2,000,000.00 2,009,140.00 2,000,000.00 3.000 AAA 3.000 1,521 06/30/2014 3128X9VG2 3813 Federal Home Loan Mort Corp 01/29/2010 2,000,000.00 2,007,420.00 2,000,000.00 1.750 AAA 1.750 1,734 01/29/2015 3128X9Z78 3819 Federal Home Loan Mort Corp 04/01/2010 2,000,000.00 2,001,280.00 1,999,511.90 2.000 AAA 2.007 1,249 10/01/2013 3128X95S5 3823 Federal Home Loan Mort Corp 04/29/2010 2,000,000.00 2,006,160.00 2,000,000.00 2.000 AAA 2.000 1,094 04/29/2013 3128X97C8 3824 Federal Home Loan Mort Corp 04/27/2010 2,000,000.00 2,001,460.00 2,000,000,00 1.375 AAA 1.375 818 07/27/2012 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,063,760.00 1,998,802.22 4.000 AAA 4.022 1,094 04/29/2013 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000,000,00 2,006,880.00 2,000,000.00 2.000 AAA 2.000 636 01/27/2012 3136FJCJ8 3794 Fed.Nat'l Mort.Assoc. 09/17/2009 2,000,000.00 2,010,620.00 2,000,000.00 2.070 AAA 2.070 961 12/17/2012 3136FJQF1 3803 Fed.Nat'l Mort.Assoc. 11/05/2009 2,000,000.00 2,006,880.00 2,000,000.00 1.150 AAA 2.924 1,284 11/05/2013 3136FJZYD 3808 Fed.Nat'l Mort.Assoc. 12/28/2009 2,000,000.00 1,999,380.00 2,000,000.00 1.500 AAA 2.354 881 09/28/2012 31398AB76 3809 Fed.Nat'l Mort.Assoc. 12/28/2009 2,000,000.00 2,001,880.00 1,996,012.50 1.750 AAA 1.827 972 12/28/2012 31398AB84 3810 Fed.Nat'l Mort.Assoc. 12/30/2009 2,000,000.00 2,005,620.00 1,990,858.78 3.000 AAA 3.107 1,704 12/30/2014 3136FJU82 3812 Fed.Nat'l Mort.Assoc. 01/26/2010 2,000,000.00 2,000,620.00 2,000,000.00 1.550 AAA 1.550 817 07/26/2012 3136FJ6D8 3816 Fed.Nat'l Mort.Assoc. 02/26/2010 2,000,000.00 2,009,380.00 2,000,000.00 2.100 AAA 2.100 1,762 02/26/2015 31398AJ29 3817 Fed.Nat'l Mort.Assoc. 03/16/2010 2,000,000.00 1,998,760.00 1,998,071.43 2.100 AAA 2.130 1,234 09/16/2013 3136FMGH1 3818 Fed.Nat'l Mort.Assoc. 04/05/2010 2,000,000.00 2,000,000.00 2,000,000.00 1.550 AAA 1.550 888 10/05/2012 3136FMHT4 3820 Fed.Nat'l Mort.Assoc. 04/15/2010 2,000,000.00 2,002,500.00 1,998,027.35 2.000 AAA 2.032 1,171 07/15/2013 Subtotal and Average 66,613,316.26 66,000,000.00 66,435,360.00 65,946,722.12 2.524 1,058 - Portfolio CITY AP Run Date:05/27/2010-16:14 PM(PRF_PM2)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments April 30, 2010 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Local Agency Investment Funds SYS982 982 Laif City 29,990,765.31 29,990,765.31 29,990,765.31 0.588 NR 0.588 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 0.588 NR 0.588 1 Subtotal and Average 58,882,238.25 59,990,765.31 69,990,765.31 59,990,765.31 0.588 1 Medium Term Notes 06050BAJO 3734 Bank of America FDIC Insured 04/30/2009 2,000,000.00 2,048,780.00 2,022,585.12 2.375 Aaa 1.830 783 06/22/2012 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,044,000.00 1,990,795.00 4.200 Aa 5.023 228 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,032,400.00 1,996,567.76 2.000 Aaa 2.093 699 03/30/2012 17313YAB7 3739 Citigroup FDIC Insured 05/05/2009 2,000,000.00 2,012,620.00 1,999,706.78 1.375 Aaa 1.390 369 05/05/2011 36967HBB2 3805 GE Capital FDIC Insured 11/03/2009 2,000,000.00 2,032,720.00 2,013,092.11 2.000 Aaa 1.720 881 09/28/2012 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,045,360.00 2,019,895.93 2250 Aaa 1.701 681 03/12/2012 36967HAHO 3735 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,043,460.00 2,014,232.68 2.200 Aaa 1.850 769 06/08/2012 36186CBF9 3763 GMAC FDIC Insured 06/30/2009 2,000,000.00 2,037,460.00 1,991,924.16 2.200 Aaa 2.361 963 12/19/2012 36185JAA7 3804 GMAC FDIC Insured 11/03/2009 2,000,000.00 2,016,960.00 1,998,363.94 1.750 Aaa 1.784 913 10/30/2012 38146FAFB 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000,000.00 2,019,220.00 2,004,122.46 1.625 Aaa 1.450 440 07/15/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000,000.00 2,043,100.00 2,017,670.47 2.200 Aaa 1.770 776 06/15/2012 49328CAA3 3770 Key Bank FDIC Insured 06/30/2009 2,000,000.00 2,085,540.00 2,049,197.30 3.200 Aaa 2.000 776 06/15/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000.00 2,033,080,00 2,016,634.13 2.000 Aaa 1.390 509 09/22/2011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 1.013,440.00 1,002,769.55 1.800 Aaa 1.660 745 05/15/2012 Subtotal and Average 27,140,016.95 27,000,000.00 27,508,140.00 27,137,557.39 2.012 679 Commercial Paper Disc.-Amortizing 36959JGUl 3825 General Electric Capital Corp 04/29/2010 9,000,000.00 8,993,160.00 8,993,840.00 0.280 P-1 0.284 88 07/28/2010 Subtotal and Average 3,532,817.67 9,000,000.00 8,993,160.00 8,993,840.00 0.284 88 Federal Agency Disc.-Amortizing 313385ZF6 3827 Federal Home Loan Bank 04/29/2010 4,089,000.00 4,087,364.40 4,087,691.52 0.160 AAA 0.165 72 07/12/2010 313397YZ8 3826 Federal Home Loan Mort Corp 04/29/2010 4,594,000.00 4,592,621.80 4,592,652.43 0.160 AAA 0.165 66 07/06/2010 313397ZF1 3828 Federal Home Loan Mort Carp 04/29/2010 2,300,000.00 2,299,080.00 2,299,264.00 0.160 AAA 0.165 72 07/12/2010 Subtotal and Average 731,972.24 10,983,000.00 10,979,066.20 10,979,607.95 0.165 69 Money Market Acct SYS3802 3802 Union Bank-US Gov't MMF 10/22/2009 6,773,147.46 6,773,147.46 6,773,147.46 0.050 Aaa 0.050 1 SYS3789 3789 Union Bank-US Trea MMF 0.00 0.00 0.00 0,020 Aaa 0.020 1 Subtotal and Average 3,326,373.83 6,773,147.46 6,773,147.46 69773,147.46 0.050 1 Portfolio CITY AP Run Date:05/27/2010-16:14 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Investments April 30, 2010 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 160,226,735.19 179,746,912.77 180,679,638.97 179,821,640.23 1.452 499 Portfolio CITY AP Run Date:05/27/2010-16:14 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 5 Activity By Type April 1, 2010 through April 30, 2010 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331GSB6 3727 Federal Farm Credit Bank 2.200 04/09/2010 0.00 2,000,000.00 3128X8XB3 3729 Federal Home Loan Mort Corp 2,000 04/22/2010 0.00 2,000,000.00 3128X8XV9 3730 Federal Home Loan Mort Corp 1.750 04/27/2010 0.00 2,000,000.00 3128X9Z78 3819 Federal Home Loan Mort Corp 2.000 04/01/2010 1,999,500.00 0.00 3128X95S5 3823 Federal Home Loan Mort Corp 2.000 04/29/2010 2,000,000.00 0.00 3128X97C8 3824 Federal Home Loan Mort Corp 1.375 04/27/2010 2,000,000.00 0.00 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 3.050 04/28/2010 0.00 2,000,000.00 3136FMGH1 3818 Fed.Nat'l Mort.Assoc. 1.550 04/05/2010 2,000,000.00 0.00 3136FMHT4 3820 Fed.Nat'l Mort.Assoc. 2.000 04/15/2010 1,998,000.00 0.00 Subtotal 9,997,500.00 8,000,000.00 65,946,722.12 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.588 4,540,765.31 4,550,000.00 SYS2206 2206 LAIF-Redevelopment Agency 0.588 41,225.66 41,225.66 Subtotal 4,581,990.97 4,591,225.66 59,990,765.31 Medium Term Notes Subtotal 27,137,557.39 Commercial Paper Disc.-Amortizing 36959JDP5 3821 General Electric Capital Corp 0.120 04/23/2010 0.00 4,000,000.00 36959JGUl 3825 General Electric Capital Corp 0.280 04/29/2010 8,993,700.00 0.00 Subtotal 8,993,700.00 4,000,000.00 8,993,840.00 Federal Agency Disc.-Amortizing 313385ZF6 3827 Federal Home Loan Bank 0.160 04/29/2010 4,087,655.17 0.00 313397YZ8 3826 Federal Home Loan Mort Corp 0.160 04/29/2010 4,592,611.59 0.00 313397ZF1 3828 Federal Home Loan Mort Corp 0.160 04/29/2010 2,299,243.56 0.00 Subtotal 10,979,510.32 0.00 10,979,607.95 Money Market Acct (Monthly Summary) SYS3802 3802 Union Bank-US Gov't MMF 0.050 13,907,208.98 12,152,000.00 Subtotal 13,907,208.98 12,152,000.00 6,773,147.46 Total 48,459,910.27 28,743,225.66 179,821,640.23 Portfolio CITY AP Run Date:05/27/2010-16:14 PM(PRF_PM3)SynnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 6 Activity Summary April 2009 through April 2010 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 2009 83 203,124,393.45 2.393 2.427 1.607 14 4 637 457 May 2009 80 228,319,866.33 2.313 2.345 1.530 5 8 596 406 June 2009 77 221,774,096.95 2.109 2.138 1.377 27 30 590 414 July 2009 63 206,333,931.37 2.075 2.104 1.035 4 18 635 435 August 2009 53 185,785,442.19 1.748 1.772 0.925 16 26 616 451 September 2009 50 173,226,879.22 1.902 1.929 0.750 9 12 762 594 October 2009 49 150,346,976.41 1.888 1.914 0.646 1 2 788 600 November 2009 51 146,822,868.24 1.847 1.873 0.611 5 3 809 627 December 2009 53 151,113,246.79 1.670 1.693 0.569 5 3 762 599 January 2010 55 171,370,134.78 1.586 1.608 0.558 5 3 741 585 February 2010 54 165,290,104.23 1.687 1.710 0.577 1 2 800 618 March 2010 51 160,010,461.11 1.559 1.581 0.547 2 5 724 536 April 2010 55 160,226,735.19 1.432 1.452 0.588 9 5 662 499 Average 60 178,822,921.36 1.862% 1.888% 0.871 8 9 702 525 Portfolio CITY AP Run Date:05/27/2010-16:14 PM(PRF_PM4)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 7 Distribution of Investments By Type April 2009 through April 2010 April May June July August September October November December January February March April Average Security Type 2009 2009 2009 2009 2009 2009 2009 2009 2009 2010 2010 2010 2010 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 52.4 48.6 49.3 45.1 37.5 44.1 44.1 44.8 43.1 42.4 45.2 39.9 36.7 44.1% Local Agency Investment Funds 22.6 26.7 27.1 31.2 31.1 38.9 38.5 34.8 36.9 35.4 36.4 37.5 33.4 33.1% Treasury Securities-Coupon 2.7 2.7 2.7 3.1 0.9% Medium Term Notes 7.3 8.5 10.5 12.1 12.7 15.0 15.7 18.5 16.7 16.0 17.0 17.0 15.1 14.0% Negotiable CD's Certificates of Deposit-Bank _ Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 9.5 8.0 6.8 3.3 4.7 2.5 5.0 3.1% Federal Agency Disc.-Amortizing 5.6 5.5 3.8 7.9 15.4 6.1 3.4% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Money Market Acct 0.5 2.0 1.8 1.9 3.3 1.4 1.4 3.1 3.8 1.5% Rolling Repurchase Agreements Portfolio CITY AP Run Date:05/27/2010-16:14 PM(PRF_PM5)Sym Rept 6,42 Report Ver.5.00 City of HB Portfolio Management Page 8 Interest Earnings Summary April 30, 2010 April 30 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 204,708.33 1,493,827.61 Plus Accrued Interest at End of Period 531,333.59 531,333.59 Less Accrued Interest at Beginning of Period ( 549,800.27) ( 632,384.47) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 186,241.65 1,392,776.73 Adjusted by Premiums and Discounts -2,478.25 -23,607.77 Adjusted by Capital Gains or Losses 0.00 -18,331.21 Earnings during Periods 183,763.40 1,350,837.75 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 82,199.95 300,497.72 Plus Accrued Interest at End of Period 30,656.27 30,656.27 Less Accrued Interest at Beginning of Period ( 84,262.46) ( 136,845.63) Interest Earned during Period 28,593.76 194,308.36 Total Interest Earned during Period 214,835.41 1,687,085.09 Total Adjustments from Premiums and Discounts -2,478.25 -23,607.77 Total Capital Gains or Losses 0.00 -18,331.21 Total Earnings during Period 212,357.16 1,545,146.11 Portfolio CITY AP Run Date:05/27/2010-16:14 PM(PRF_PM6)SynnRept 6.42 Report Ver.5.00 Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Office of the City Treasurer April 2010 Cash Receipts and Disbursements March 2010 April 2010 Receipts Property Tax Receipts 2,181,749 21,252,723 Utility Tax Receipts (UUT) 1,651,403 1,738,468 Sales Tax Receipts 1,617,319 1,118,900 112 Cent Safety Sales Tax Receipts 176,631 112,757 Highway Users Tax Receipts (HUT) 0 (1) 1,536,536 (1) Transient Occupancy Tax Receipts (TOT) 369,754 487,182 All Other Receipts 16,098,361 17,209,847 Subtotal Receipts 22,095,217 43,456,413 Disbursements Other Disbursements (23,127,177) 30 878 24-1 Net Change in Cash Flow (1,031,960) 12,578,168 Summary of Cash by Fund March 2010 April 2010 General Fund 34,677,202 45,059,178 Government Funds 954,821 921,849 Capital Funds 16,413,356 18,275,097 Debt Service Funds 7,136,760 12,891,244 Enterprise Funds 89,388,646 89,959,276 Fiduciary Funds 1,324,313 1,326,099 Special Revenue Funds 10,980,997 13,163,995 160,876,095 181,696,738 " (1) The State of California deferred HUT receipts from November to March until April 2010. *Total cash will differ from investment portfolio total due to outstanding checks and/or other timing Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts& Disbursements.xis April 2010 -13- Item 2. - Page 13 State of California Pooled Money Investment Account Market Valuation 04/30/10 Carrying Co$#PIIU Descrip#ion Accrued in#eves#Purch Fair Value, : Accrued Interest United States Treasury: Bills $ 25,752,705,282.70 $ 25,806,814,950.00 NA Notes $ 7,851,743,767.10 $ 7,883,934,500,00 $ 25,988,441.50 Federal Agency: SBA $ 565,745,649.33 $ 558,750,789.88 $ 613,674.05 MBS-REMICs $ 779,875,366.51 $ 829,810,596.81 $ 3,699,499.74 Debentures $ 1,208,382,395.51 $ 1,211,754,040.00 $ 14,118,688.74 Debentures FR $ 400,000,000.00 $ 400,032,000.00 $ 97,748.12 Discount Notes $ 6,439,727,752,50 $ 6,453,363,000.00 NA GNMA $ 77,321.00 $ 86,000.80 $ 765.23 ORD Deb FR $ 300,000,000.00 $ 300,723,000.00 $ 22,532.50 CDs and YCDs FR $ - $ - $ _ Bank Notes $ 300,000,000.00 $ 299,994,834.00 $ 4,166.67 CDs and YCDs $ 8,625,035,457,67 $ 8,624,774,217,00 $ 3,627,243.05 Commercial Paper $ 8,294,933,059.92 $ 8,295,711,124.44 NA Corporate: Bonds FR $ 125,119,550.90 $ 124,999,250.00 $ 55,216.42 Bonds $ - $ - $ - Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ _ Time Deposits $ 4,062,640,000.00 $ 4,062,640,000.00 NA AB 55&GF Loans $ 8,903,297,494.92 $ 8,903,297,494.92 NA TOTAL $ 73,609,283,098.06 $ 73,756,685,797.85 $ 48,227,97602 Fair Value Including Accrued Interest $ 73,804,913,773.87 Repurchase Agreements, Time Deposits,AB 55& General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). Item 2e - Page 14 -14- ATTACHMENT #2 "Schedule of Bond Investments .0 field by Fiscal Agent as of March 31, 2010 t�D Summary of investments by type Market Value Market Value Par Value Investment Type as of 2/28/10 as of 3/31/10 $3,608,925 Local Agency Investment Fund (LAIF) $3,609,925 $3,608,925 $0 Federal Agency Issues $0 $0 $4,179,090 Investment Agreements $4,179,090 $4,179,090 $6,329,526 Money Market Funds $8,519,432 $6,329,526 $0 US Treasury Securities $0 $0 $14,117,541 $16,308,447 $14,117,541 Summary of Investments by Bond Issue 0 Market Value Market Value Par value Bond issue Description as of 2/28/10 as of 3/31/10 $913,103 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $913,103 $913,103 $2,201,447 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,854,486 $2,201,447 $1,649,396 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,396 $17649,396 $508,811 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $656,878 $508,811 $2,041,824 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,672,448 $2,041,824 $2,620,878 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,620,838 $2,620:878 $1,257,152 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,713,989 $1,257,152 $210,915 City of Huntington Beach- 90-1 Community Facilities District Special Tax Refunding $173,057 $210,915 $1,394,105 Huntington Beach PFA-2000 Series A (Water System Impv,, Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,734,342 $1,394:105 $759,596 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $759,596 $759,596 $560,314 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $560,314 $560,314 $0 City of Huntington Beach- Multi-Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $0 $0 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $14,117,541 $16,308,447 $14,117,541 ATTACHMENT #3 ra City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2010 Beginning Contributions Distributions/ Earnings Other Pees/ Ending Balance Transfers (change in value) Adjustments Balance (12-31-09) (3-31-10) ICMA Retirement Corporation (457 Plan) $26,839,998 $678,460 ($250,869) $776,951 ($1,144) $28,043,396 ICMA Retirement Corporation (401 Plan) $1,031,792 $1,031,792 Nationwide Retirement Solutions (457 Plan)* $52,656,254 $1,467,531 ($1,686,868) $1,347,133 ($10,525) $53,773,525 rotal Deferred Compensation Plan Balances $80,528,044 $2,145,991 ($1,937,737) $2,124,084 ($11,669) $82,848,713 90 a ATTACHMENT #4 City of Huntington Beach m Retiree Medical Trust Information a as of March 31, 2010 �D Beginning Balance Contributions Distributions/ Earnings Other Ending (12-31-09) Transfers (change in value) Balance (3-31-10) CaIAERS Retiree Medical Trust Account $8,337,422 $309,592 ($541) $8,646,473 a e ATTACHMENT #5 3 City of Huntington Beach 0 Supplemental Pension Trust Information a V as of April 30, 2010 �D Beginning Balance Contributions/ Distributions/ Earnings Other Ending (3-31-09) Dividends Transfers (change in value) Balance (4-30-10) Supplemental Pension Trust Account $26,204,347 $15,748 $288,101 ($11,667) $26,496,529 0 0 -23- Item 2. - Page 23 Treasurer's Report - shari' La Freidenrich, CPA, CC MT, CPFA, CPFIM April Report t Shar'I' L . r ri , CPA, CCMT CPFA, CPFIM June 21 , 2010 Treasurer's Report - Shari La Frei ��r�c,�, CPS, CC7°, C , CFI $ in 000's Financial Information: March April lnc.l(Dec.) End of Month City Portfolio $160.107 $179.822 $19.715 End of Month Market Value $160.906 $180.680 $19.774 Interest Earned for Month $0.213 $0.212 ($0.001 ) Earned Interest Yield Year to Date 1.57% 1.69% 0.12% Average Maturity ( in days) 536 499 (37) YTD Average Daily Balance $157.422 $157.819 $0.397 $ in 000's Change From YTD Change Bgt. Change Same Month % From Last % From Prior N Receipts Thru April 2010 Last Year Year Yr. Receipts Property Tax Receipts (Total) ($1 ,586) (6.9%) ($1 ,761) (2.4%) 3.0% fwf1 '``?. Property Tax Receipts (GF) ($1 ,716) (10.6%) $1 ,679) (3.0%) 4.$%) 1 % Sales Tax Receipts ($226) (16.8%) ($359) (4.4%) (4.0%) - 112 Cent Sales Tax ($14) (11 .1 %) ($79) (10.3%) (0.8%) �3 Utility Users Tax ($22) (1 .20o) ($509) (4.8%) 5.1 % e `< Transient Occupancy Tax $98 25.1% ($26) (1 .2%) (0.4%) - Highway Users Tax ($34) (12.7%) ($42) (2.7%) (25.0% - Real Property Transfer Tax $33 69.8% $95 35.1 % 25.3%) Foreclosures 16 94.1 % 12 6.9% n1a2J`'y ' 3 N -- Difference between YTD % and Budget % is equal to or greater than 0% - ® Difference between YTD % and Budget % is between (5%) and 0% Difference between YTD % and Budget % is greater than (5%) N ell CITY OF HUNTINGTON BEACH INTERDEPARTMENTAL COMMUNICATION OFFICE OF THE CITY TREASURER TO: Joan L. Flynn, City Clerk VIA: Shari L. Freidenrich, City Treasule�y DATE: June 21, 2010 SUBJECT: LATE COMMUNICATION - AGENDA ITEM 2 The Sympro Portfolio Management Report, pages 5 through 12, have been updated and the old report was inadvertently included in the agenda packet. I have attached the updated pages. SLF:lw Attachment �I GTO o`�t .� ""�'•� y�F City of Huntington Beach City of HS 2000 Main St Huntington Beach Portfolio Management Portfolio Summary c°UNTX��� April 30, 2010 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv, 365 Equiv. Federal Agency Issues-Coupon 66,000,000.00 66,435,360,00 65,946,722.12 36.86 1,340 1,058 2,490 2.524 Local Agency Investment Funds 59,990,765.31 59,990,765.31 59,990,765,31 33.53 1 1 0.580 0,588 Medium Term Notes 27,000,000.00 27,508,140.00 27,137,557.39 15.17 1,071 679 1.984 2.012 Commercial Paper Disc.-Amortizing `�,,000,000.00 8,993,160.00 8,993,840.00 5.03 90 88 0.280 0.284 Federal Agency Disc.-Amortizing 10,98-3 00000.00 10,979,066.20 10,979,607.95 614 71 69 0,162 0165 Money Market Acct 5,849,147:46 5,849,147.46 5,649,147.46 3.27 1 1 0.049 0.050 178,822,912.77 179,755,638.97 178 897,640.23 100,00% 666 502 1.439 1.459 Investments Total Earnings April 30 Month Ending � Fiscal Year To Date Fiscal Year Ending ......_._... .. _ _...... . ... . .. .,... --- Current Year 212,355.89 1,545,144.84 ® Current Budget 200,000.00 1,400,000.00 2,400,000.00 Last Year Actual 435,703,00 �3``,�5531,244.00 5,107,095.00 Average Daily Balance 160,195,935.19 157,8)4;869.87 11-1 Effective Rate of Return 1,61% 1*69% 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 December 21,2009. A copy of this policy is available at the office of the City Clerk.The investment program h re en shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Interactive Data Corporation. - SH RI VFREIDENRIleH,CPA, CITY TREASURER 4 0 G Reporting period 04/01/2010-04/30/2010 Portfolio CITY Run Date:05J1012010•12:46 PM(PRF_PM1I SymRept 6.42 Report Ver.5.00 m° City of HB Portfolio Management Page 2 c� Portfolio Details - Investments April 30, 2010 01 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Marketvalue Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331GWQ8 3751 �Fe I Farm Credit Bank 06/16/2009 2,000,000.00 2,001,260.00 1.984,218.01 1.800 AAA 2,195 751 05/21/2012 31331GL98 3780 Federal mCreditBank 08/26/2009 2.000,000,00 2,020,620.00 2.000,000,00 3.150 AAA 3.150 1,578 08/26/2014 31331GS26 3796 Federal Farm Credit Bank 09/23/2009 2.000,000.00 2,013,760.00 2,000,000.00 2.350 AAA 2,350 1,241 09/23/2013 31331GR92 3797 Federal Farm Credit Bank 09/26/2009 2,000,000.00 2,010,620,00 2,000,000.00 1.850 AAA 1,850 881 09/28/2012 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,021,880.00 2,000,000.00 5,600 AAA 5,600 all 0712012012 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,026,260.00 2,000,000.00 4.150 AAA 4,160 1,235 09/17/2013 3133XUNE9 3785 Federal Home Loan Bank 08/26/2009 2,000,000.00 2,040,620.00 2,000,000,00 2.750 AAA 2.750 1,206 08/19/2013 3133XVHT1 3800 Federal Home Loan Bank 11/10/2009 2,000,000,00 2,005,000.00 2,000,000.00 1.750 AAA 1,750 832 08/10/2012 3133XVHP9 3801 Federal Home Loan Bank 11/16 009 2,000,000.00 2,004,380.00 2,000,000.00 1.250 AAA 1.250 930 11/16/2012 3133XW2N8 3606 Federal Home Loan Bank 12/11I2009 2.000,000.00 2,000,620.00 2,000,000.00 0.750 AAA 0.750 955 12/11/2012 3136FJY39 3814 Federal Home Loan Bank 01/28/2010 2,000,000.00 2,011,260.00 2,000.000.00 3.050 AAA 3.050 1.733 01/28/2015 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 0()0,000.00 2,028,820,00 1,999,386.67 3.375 AAA 3.438 188 11/05/2010 3128X7JK1 3546 Federal Home Loan Mort Corp 05/06/2008 2,00 ,0\00.00 2,048.440.00 1,995,856.77 3,250 AAA 3.480 348 04/14/2011 ° 3128X7 SKI 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000T? 2,003,620.00 2,000,000.00 3,250 AAA 3.250 391 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,033,200.00 1.985,976.49 3.700 AAA 4.002 937 11/23/2012 3128X8TZ5 3725 Federal Home Loan Mort Corp 04/08/2009 2,000,090.00 2,033,260.00 2,000,000.00 2-500 AAA 2,500 1,073 04/08/2013 3126XBS29 3754 Federal Home Loan Mort Corp 06/30/2009 2,000,000.00 ;009,140.00 2,000,000.00 3.000 AAA 3.000 1,521 06/30/2014 3128X9VG2 3613 Federal Home Loan Mort Corp 01/29/2010 2,000,000.00 2,007'420.00 2,000,000.00 1,750 AAA 1.750 1,734 01/29/2015 3128X9Z78 3819 Federal Home Loan Mort Corp 04/01/2010 2,000,000.00 2,001,280 00 1,999,511.90 2,000 AAA 2,007 1.249 10/01/2013 3128X95S5 3823 Federal Home Loan Mort Corp 04129/2010 2,000,000.00 2,006,160.00 2,o00,D00.00 2.000 AAA 2.000 1,094 04l2912013 3128X97C8 3824 Federal Home Loan Mort Corp 04127/2010 2,000,000.00 2,001,460.00 2,000,000.00 1,375 AAA 1.375 818 07/27/2012 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,063,760.00 119`,802.22 4,000 AAA 4.022 1,094 04/29/2013 3136F94M2 3714 Fed.Nat'l Mort,Assoc. 01/27/2009 2,000,000,00 2,006,880.00 2,000,000.00 2,000 AAA 2.000 636 01/27/2012 3136FJCJS 3794 Fed,Nat'l Mort,Assoc. 09/17/2009 2,000,000,00 2,010,620.00 2,000,000 OQ 2.070 AAA 2.070 961 12/17/2012 3136FJQF1 3803 Fed,Nat'l Mort.Assoc. 11/05/2009 2,000,000.00 2,005.880.00 2,000,000.00 .1.150 AAA 2.924 1,284 11/05/2013 3136FJZYO 3808 Fed.Nat'l Mort.Assoc. 12/28/2009 2,000,000.00 1,999.380.00 2,000,000.00 1,503� AAA 2.354 881 09/28/2012 3139BA676 3809 Fed.Nat'l Mort.Assoc. 12/2812009 2,000,000.00 2,001,880.00 1,995.012,50 1.750' AAA 1.827 972 12/28/2012 31398ABS4 3610 Fed.Nat'l Mort.Assoc. 12/3012009 2,000,000.00 2,006.620.00 1,990,868.78 3.000 'NAAA 3.107 1,704 12/30/2014 3136FJU82 3612 Fed,Nat'l Mort.Assoc. 01126/2010 2,000,000.00 2,000.620,00 2,000,000.00 1.550 AAA, 1,550 817 07126/2012 3136FJ6D8 3816 Fed.Nat'l Mort.Assoc. 02/2612010 2,000,000,00 2,009,380.00 2,000,000.00 2,100 AAA 2.100 1,762 02/26/2015 31398AJ29 3817 Fed.Nat'l Mort.Assoc. 03/16/2010 2,000,000.00 1,998,760.00 1,998.071.43 2.100 AAA 2.130,, 1,234 09/16/2013 3136FMGHI 3818 Fed,Nat'l Mort,Assoc. 0410512010 2,000,000.00 2,000,000.00 2,000,000.00 1.550 AAA 1.550 .,488$ 10/05/2012 3136FMHT4 3820 Fed.Nat'l Mort.Assoc. 04/15/2010 2.000,000.00 2,002,500.00 1,998,027.35 2.000 AAA 2,032 1,171 07/15/2013 Subtotal and Average 66,613,316.26 66,000,000.00 66,435,360.00 65,946,722.12 2.524 1,058 Portfolio CITY AP Run,Date:05!" 12:48 pM(r IM21 SyrnRept 6.42 R»Wort Vat 5 00 City of HB Portfolio Management Page 3 Portfolio Details - investments April 30, 2010 Average Purchase Stated YTM pays to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Local Agency lnvestment� unds SYS982 982 Laif City 29,990,765,31 29,990,765.31 29,990,765.31 0.588 NR 0,588 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 0,588 NR 0,588 1 Subtotal nd Average 58,882,238.25 59,990,765.31 59,990,765.31 59,990,765.31 0,588 1 Medium Term Notes 06050BAJO 3734 Bank of Amed IC Insured 04/30/2009 2,000,000.00 2,045,780.00 2,022,585.12 2.375 Aaa 1-830 783 06/22/2012 084664AFS 3475 Berkshire Hathaway 01/1'7/2007 2,000,000.00 2,044,000.00 1.990,795-00 4.200 Aa 5.023 228 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,032.400.00 1.996,567.76 2.000 Aaa 2,093 699 03/30/2012 17313YAB7 3739 Citigroup FDIC Insured 05/05/2009 2,000,000,00 2,012,620.00 1,999,706.78 1.375 Aaa 1.390 369 05/05/2011 36957HB82 3805 GE Capital FDIC Insured 11/03/2009 2,000,000.00 2,032,720.00 2,013,092.11 2,000 Aaa 1,720 881 09/28/2012 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,045,360-00 2,019,895,93 2.250 Aaa 1.701 681 03/12/2012 36967HAH0 3735 General Electric Cap FDIC Insu 0 Q/2009 2,000,000.00 2,043,460.00 2,014,232.68 2.200 Aaa 1.850 769 06108/2012 u 36166CBF9 3763 GMAC FDIC Insured 06130/2 09 2,000.000.00 2,037,460.00 1,991,924.16 2.200 Aaa 2.361 963 1211912012 35185JAA7 3$04 GMAC FDIC Insured 11/03/2009 2,000.000.00 2,016,960.00 1,998,363.94 1.750 Aaa 1.784 913 10/3012012 38146FAF8 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000.000.00 2,019,220.00 2,004.122,46 1.625 Aaa 1.450 440 07/15/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/3012009 , 00,000.00 2,043,100.00 2,017,670,47 2.200 Aaa 1.770 776 06/15/2012 49328CAA3 3770 Key Bank FDIC Insured 06J30/2009 2,00 `9Q0.00 2,085,540.00 2,049.197.30 3.200 Aaa 2.000 776 06/15/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000. 2,033,080.00 2,016,634.13 2.000 Aaa 1.390 509 09/22/2011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000.000.00 1,013,440 00 1,002,769.55 1.800 Aaa 1.660 745 05115/2012 Subtotal and Average 27,140,016.95 27,000,000.00 27,508,140.00 27,137,557.39 2,012 679 36959JGU1 --....� -_3825. ... GeneralElectncCapitafCorp...__ .......__...........04l29/2010--_.. ,. __-_�_ __..._ ... __._... _.._. ........ . .. ..._.. _.. ....,...... --.., _,.......... ,...---- Commercial Paper Disc.-Amortizing 000,000.00 8,993,16 . 0 8,993,840.00 0.280 P-1 0.284 88 07/28/2010 Subtotal and Average 3,632,817.67 9,000,000.00 8,993 160 00 8,993,840.00 0.284 88 -. ... --..........._.. . . --....... _ . .....- - .. _ ..... __.._...._._ . ._.,..,. ._.._.... _.... -.. . .. .......... ._....... . .. _.,...... _...._._.. Federal Agency Disc.-Amortizing 313385ZF5 3827 Federal Home Loan Bank 04/29/2010 4,089.000.00 4,087,364.40 7,691.52 0.160 AAA 0.165 72 07/12/2010 313397YZS 3826 Federal Home Loan Mort Corp 04/29/2010 4,594,000.00 4,692,621,80 4,592, 52.43 0.160 AAA 0.165 66 07/06/2010 313397ZF1 3828 Federal Home Loan Mort Corp 04129/2010 2,300,000.00 2,299,080,00 2,299,264.OQR 0,160 AAA 0.165 72 07/1212010 Subtotal and Average 731,972.24 10,983,000.00 10,979,066.20 10,979,607.95� 0.165 69 -- Fq� Money Market Acct '3M SYS3802 3802 Union Bank-US Gov't MMF 10/22/2009 5.849,147,46 5,849,147.46 5,849,147.46 0.050 Aaa 0.050 1 SYS3789 3789 Union Bank-US Trea MMF 0.00 0.00 0.00 0.020 Aaa 0.020 1 Subtotal and Average 3,295,573.83 5,849,147.46 5,849,147.46 5,849,147-46 0.050 1 Portfolio CITY AP Run Dale-0511G12010-12:48 PM(PRF_PM SymRept 6,42 �D City of HB Portfolio Management Page c� Portfolio Details - Investments (D April 30, 2010 CO 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 160,195,935.19 178,822,912.77 179,755,636.97 178,897,640.23 1.459 502 o \ 00 \ <�1 Portfolio CITY AP Run,Date 651', 12,48 PM IP '12)SymReot 6.42 City of HB Portfolio Management Page 5 Activity By Type April 1, 2010 through April 30, 2010 Stated Transaction Purchases Redemptions CUS1P N Investment# Issuer mate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331GSB6 3727 Federal Farm Credit Bank 2.200 04/09/2010 0.00 2,000,000.00 3128X8XB3 3729 Federal Home Loan Mort Corp 2.000 0412212010 0.00 2,000,000.00 312BX8XV9 3730 Federal Home Loan Mort Corp 1.750 04/27/2010 0.00 2,000,000.00 3128X9Z78 3619 Federal Home Loan Mort Corp 2.000 04/01/2010 1,999,500.00 0.00 3128X9585 3823 Fed- eral Home Loan Mort Corp 2.000 04/29/2010 2,000,000-00 0,00 3128X97C8 3824 Federal Home Loan Mort Corp 1.375 04/27/2010 2,000,000.00 0.00 31398AQN5 3639 Fed.Nat'ITAort.Assoc. 3.050 04/28/2010 0.00 2,000,000-00 3136FMGH1 3818 Fed.Nat'l Mort.Assoc. 1.550 04/05/2010 2,000,000.00 0.00 3136FMHT4 3820 Fed.Nat'l Mort.Assoc 2.000 04/15/2010 1,998,000.00 0,00 Subtotal 9,997,500.00 8,000,000.00 65 946 722 12 ,... .._ -- ........_ --- . _.......... .-- --..... __ -_.. . ... ._ _. ---............. - . ... ... .........._...... ..... . ............ ................ Local Agency Investment Funds (Monthly Summary) ® SYS982 982 Laif City 0.588 4,540,765,31 4,550,000.00 (� SYS2206 2206 LAIF-Redevelopment Agency 0:588 41,225,66 41,225.66 Subtotal 4,581,990.97 4,591,225.66 59,990,765.31 --..._.......--- . .. ........... ...----- .. _......... .. .. ._.--... . ..----................. .--- ..... - -.... -.._....... . ................. _... ---.........--- .........................-._.................. ... . ........................................... ......-........................... _....... Medium Term Notes Subtotal 27,137,557.39 Commercial Paper Disc. -Amortizing 36959JDP5 3821 General Electric Capital Corp 0.120 04/23/2010 0 00 4,000,000.00 36959JGUl 3825 General Electric Capital Corp 0.280 04/29/2010 8,993,700 00 0.00 �N, Subtotal 8,993L7,00.00 4,000,000.00 8,993,840.00 Federal Agency Disc.-Amortizing 313385ZF6 3827 Federal Home Loan Bank 0.160 04/29/2010 4,087,655.17 0.00 313397YZ8 3626 Federal Home Loan Mort Corp 0.160 04/29/2010 4,592,611.59 0.00 313397ZF1 3828 Federal Home Loan Mort Corp 0.160 04/29/2010 2,299,243.56 0.00 Subtotal 10,979,510.32 ��0.00 10,979,607.95 Money Market Acct (Monthly Summary) SYS3802 3802 Union Bank-US Gov't MMF 0.050 12,983,208.98 12,152,000.00 3 Subtotal 12,983,208.98 12,152,000.00 5,849,147.46 Total 47,635,910.27 28,743,225.66 178,897,640.23 fp ma's Portfolio CITY AP Rur,Date:05/101201,0-12.48 PM IPRF_PM3)SymRept 6.42 Report Ver.5.00 Pa 3 City of HB T Portfolio Management Page 6 Activity Summary April 2009 through April 2010 ® Yield. 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 2009 '83 203,124,393.45 2.393 2.427 1.607 14 4 637 457 May 2009 8 228,319,866,33 2,313 2.345 1.530 5 8 596 406 June 2009 77 221,774,096.95 2.109 2.138 1-377 27 30 590 414 July 2009 63 206,333,931.37 2.075 2.104 1.035 4 18 635 435 August 2009 53 185,Z,85,442.19 1.748 1.772 0.925 16 26 616 451 September 2009 50 173,226W. 9 22 1.902 1.929 0.750 9 12 762 594 October 2009 49 150,346,976.41 1.888 1.914 0.646 1 2 788 600 November 2009 51 146,822,868.24"�1.847 1.873 0.611 5 3 809 627 December 2009 53 151,113,246.79 1`670 1.693 0.569 5 3 762 599 January 2010 55 171,370,134.78 1.586' 1.608 0.558 5 3 741 585 February 2010 54 165,290,104.23 1.687 1.710 0.577 1 2 800 618 March 2010 51 160,010,461.11 1.559 1.581� 0.547 2 5 724 536 ® April 2010 55 160,195,935.19 1.439 1.459 0.588 9 5 666 502 Average 60 178,820,582.12 1.863% 1.889% 0 87.1 8 9 702 525 Portfolio CITY AP Run Date:051,( 2:46 _PM4)SymRept 6.42 Report Ver 5.00 City of HB Portfolio Management Page 7 Distribution of Investments By Type April 2009 through April 2010 April May June July August September October November December January February March April Average Security Type 2009 2009 2009 2009 2009 2009 2009 2009 2009 2010 2010 2010 2010 by Period Repurchase Agreements ..........1- --- ....................- ------------------ --------------- --------... ..........I..-. Certificates of Deposit ............ ........ Commercial Paper interest Bearing ............. ........ ............ ........ ............. Federal Agency Issues-Coupon 52.4 48,6 49.3 45.1 37.5 44.1 44.1 44.8 43.1 42.4 45.2 39.9 36.9 44.1% Local Agency Investment FNds 22.6 26.7 27.1 31.2 31.1 38.9 38.5 34.8 36 9 35.4 36.4 37.5 33.5 33.1% -_---_-----_- ............. Treasury Securities-Coupon 2.7 2.7 2.7 3.1 0.9% ...........- ............ Me lum Term Notes 7.3 8,5 10.5 12.1 12.7 15�0 15.7 18.5 16�7 16.0 17.0 17.0 15,2 14,0% .............. . .......... .......... ------.......... .......... ............... ...... Negotiable CD's ........... ..................... .......... ----------.................. ...................... ................... ..................... .......... Certificates of Deposit-Bank ................. .............. -------------- ............... .......... ................... Mortgage Backed Securities 1-11 1 ................. .......... ..................... ................. ------------ .......... Bankers Acceptances-Amortizing r. ............... ................11.11'..-.-�-----.........-,---.---.----...... --- ----------- ........... ................ ............ ................. Commercial Paper Disc.-Amortizing 9.5 8,0 6.8 3.3 4.7 2.5 5.0 3.1% Federal.......... ................-- ............... Agency Disc.-Amortizing 5.6 5.5 '181 7.9 15.4 6.1 3�4% ---------- ............. --------- ........... .................... , -*,-,- 11 Treasury Discounts-Amortizing .......... Miscellaneous Discounts-Amortizing ------------- ............. ........... Money Market Acct 0.5 2.0 1,8 1.9 3�3 1.4 1.4 3.1 3.3 1,4% -------- ............__------- ................ ............-................... .......... Rolling Repurchase Agreements .............. ................................. ................ .................... ............... ---------------- ................. ................................. F* Portfolio CITY AP Rv,-,Date-0511012013-12.48 PM(PRP_PVi5)SymRept 6 42 Report ver.5..^C; �a 0 City of HB Portfolio Management Page 8 c� Interest Earnings Summary April 30, 2010 April 30 Month Ending Fiscal Year To Date CD/Coupon/Discount investments: Interest Collected 204,708.33 1,493,827.61 plus Accrued Interest at End of Period 531,333.59 531,333.59 Less Accrued Interest at Beginning of Period ( 549,800,27) ( 632,384.47) Less Ac rc ued Interest at Purchase During Period { 0.00) ( 0.00) Int est.E,arrnned during Period 186,241.65 1,392,776.73 Adjusted by Premiums and Discounts -2,478.25 -23,607.77 Adjusted by Capital Gains or Losses 0.00 -18,331.21 Earnings during Periods 183 763.40 1,350,837.75 -- ....... — _. .. _...._...... . ........... Pass Through Securities: u Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0,00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) 111�� { 0.00) Interest Earned during Period 0.00 "�,, 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0,00 OsO,D --- --... . _.._.._. .... . . _......... -- ....... ---- ....... Cash/Checking Accounts: Interest Collected 82,199.95 300,497.72 ` Plus Accrued Interest at End of Period 30,655.00 30,655.00 IN,, Less Accrued Interest at Beginning of Period ( 84,262.46) ( 136,845.63) Interest Earned during Period 28,592.49 194,307.09 1 Total interest Earned during Period 214,834.14 1,587,083.82 Total Adjustments from Premiums and Discounts -2,478.25 -23,607.77 Total Capital Gains or Losses 0.00 -18,331.21 Total Earnings during Period 212,355.89 1,545,144.84 Portfolio CITY AP Run pate:0511( 1248 P(vSB}SymRept 6.42 Reper;Ver.6.00 Council/Agency Meeting Held:_ , 3 tJ/d Deferred/Continued to: Appr ed ❑ Conditionally Approved ❑ Denied pi Cle s Signa r Council Meeting Date: May 3, 2010 Department ID Number: CT10-009 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: Honorable Mayor and City Council Members SUBMITTED BY: Shari L. Freidenrich, CPA, City Treasurer PREPARED BY: Shari L. Freidenrich, CPA, City Treasurer SUBJECT: Review and Accept City Treasurer's March 2010 Investment Summary Report Statement of Issue: Review and accept the Monthly Investment Report for March 2010, 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 2010, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. -1- Item 1. - Page 1 REQUEST FOR COUNCIL ACTION MEETING DATE: 5/3/2010 DEPARTMENT ID NUMBER: CT10-009 Analysis: Not Applicable. Environmental Status: Not Applicable. Strategic Plan Goal: Maintain and enhance our financial reserves. Improve internal and external communication. Attachment(s): No. Descriptiori 1. Monthly Investment Report and Summary of Investments for March 2010 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. Supplemental Pension Trust Investments 6. March 2010 PowerPoint Presentation Item 1. - Page 2 -2- ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds, Deferred Compensation, Retiree Medical Trust, and Deferred Compensation Trust Activity for March 2010 City Investment Portfolio: February March Inc./(Dec.) End of month City Portfolio Balance $159,300,656 $160,107,434 $806,778 End of Month Market Value $160,363,798 $160,906,338 $542,540 End of month General Fund Balance $34,746,868 $34,677,202 ($69,666) Monthly Effective Rate of Return 1,72% 1.57% -0.15% Average Maturity ( in days) 618 536 (82) End of month bank cash balance $1,590,482 $1,207,905 ($382,577) Bond Proceeds Investments:* January February Inc./(Dec.) End of Month Bond Reserve Par Value $14,614,058 $16,308,447 $1,694,389 End of Month Bond Reserve Market Value $14,614,058 $16,308,447 $1,694,389 Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $76,056,784 $78,658,701 $2,601,917 Retiree Medical Trust:** September December Inc./(Dec.) Trust Balance $7,930,115 $8,337,422 $407,307 Supplemental Pension Trust: September December Inc./(Dec.) Trust Balance $24,908,665 $25,406,969 $498,304 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $200,000 $213,343 $13,343 Interest Earned Year to Date $1,200,000 $1,324,375 $124,375 Earned Interest Yield Year to Date 1.50% 1.69% 0.19% Average Daily Balance $160,000,000 $157,422,387 ($2,577,613) *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. March % of Total Policy Limit to Mat. Rate Federal Agency Issues- Coupon $63,947,143 40% None 1039 2.58% Local Agency Inv. Fund (LAIF) $60,000,000 37% $60 million 1 0.55% Medium Term Notes $27,142,646 17% 20% 709 2.01% Commercial Paper Disc. -Amortizing $3,999,707 3% 25% 22 0.12% Money Market Acct $5,017,938 3% 10% 1 0.05% $160,107,434 100% 536 1.58% Item 1. - Page 4 -4- T IN City of Huntington Beach U ' ` City of HB 2000 Main St Huntington Beach Portfolio Management Portfolio Summary UNTY P� March 31, 2010 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 64,000,000.00 64,415,860.00 63,947,142,60 39.94 1,357 1,039 2.543 2.579 Local Agency investment Funds 60,000,000.00 60,000,000.00 60,000,000.00 37.47 1 1 0.540 0.547 Medium Term Notes 27,000,000,00 27,473,060.00 27,142,646.13 16.95 1,071 709 1.984 2.012 Commercial Paper Disc.-Amortizing 4,000,000,00 3,999,480.00 3,999,706.66 2.50 23 22 0.120 0.122 Money Market Acct 5,017,938.48 5,017,938.48 5,017,938A8 3.13 1 1 0,049 0.050 160,017,938,48 160,906,338.48 160,107,433.87 100.00% 724 536 1.559 1.581 Investments Cash and Accrued Interest Accrued Interest at Purchase 291.67 291.67 — ...................._..---- .-.,-.........._...............—------......__...... Subtotal 291.67 291-67 N Total Cash and Investments 160,017,938.48 160,906,630.15 160,107,725.54 724 536 1.559 1.581 Total Earnings March 31 Month Ending Fiscal Year To Date Fiscal Year Ending -— ...... ,..._.--- —-- ....... ... --- ...... Current Year 213,342.65 1,324,375.36 Current Budget 200,000.00 1,200,000.00 2,400,000.00 Last Year Actual 467,931.00 3,0957541.00 5,1077095.00 Average Daily Balance 160,010,461.11 157,422,386.58 Effective Rate of Return 1.57% 1.69% 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 December 21,2009. 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 vided by Union Bank via Interactive Data Corporation. -/ SHA L. FREI LENRICH,CPA, CITY TREASURER (D e Reporting period 0310112010-03/31/2010 Portfolio CITY. AP (D Run Date:041,42C10-17:24 PM(PRF_PM1)SymRept 6.42 N Report Ve..S.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments (D(D March 31, 2010 0) Average Purchase Stated YTM Days to Maturity CUSIP investment 9 Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331GS86 3727 Federal Farm Credit Bank 04/09/2009 2,000,000.00 2,000.620.00 2,000,000,00 2.200 AAA 2.200 739 04/0912012 31331GWOB 3751 Federal Farm Credit Bank o6/16/2009 2.000,000,00 2,003,760.00 1.983,578.20 1.800 AAA 2.198 761 05/21/2012 31331GL98 3780 Federal Farm Credit Bank 08/26/2009 2,000,000.00 2,023,120.00 2,000.000.00 3.150 AAA 3.150 1.608 08126/2014 31331GS26 3796 Federal Farm Credit Bank 09/23/2009 2,000,000.00 2,008,760.00 2,000,000.00 2.350 AAA 2.350 1,271 09/23/2013 31331 GR92 3797 Federal Farm Credit Bank 09/28/2009 2,000.000.00 2,009,380,00 2,000,000.00 1.850 AAA 1.850 911 09/28/2012 3133XLQ22 3546 Federal Home Loan Bank o7/20/2007 2,000,000.00 2.030,620.00 2,000,000.00 5.600 AAA 5.600 B41 07/20/2012 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,032.500,00 2,000,000.00 4.150 AAA 4.150 1,265 09/17/2013 3133XUNE9 3785 Federal Home Loan Bank 08/26/2009 2,000,000.00 2,031,880.00 2,000,000.00 2,750 AAA 2.760 1,236 08/19/2013 3133XVHT1 3800 Federal Home Loan Bank 11/10/2009 2,000,000,00 2,002,500.00 2,000,000,00 1.750 AAA 1.750 862 08/10/2012 3133XVHP9 3801 Federal Home Loan Bank 11/16/2009 2,000,000.00 2,003,760.00 2,000,000.00 1.250 AAA 1.250 960 11/15/2012 3133XW2N8 3306 Federal Home Loan Bank 12/11/2009 2,000,000.00 2,000,620.00 2,000,000.00 0.750 AAA 0.750 985 12/11/2012 3135FJY39 3814 Federal Home Loan Bank 01/28/2010 2,000,000,00 2,003,760.00 2,000,000.00 3.050 AAA 3.050 1,763 01/28/2015 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,031,680.00 1,999,286.67 3.375 AAA 3.438 218 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,052,540.00 1,995,494.39 3.250 AAA 3.480 378 04/14/2011 3128X7SK1 3550 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,008,460,00 2,000,000.00 3.250 AAA 3.250 421 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,038,680.00 1,985,520.20 3.700 AAA 4,002 967 11/23/2012 3128X8TZ5 3725 Federal Home Loan Mort Corp 04/08/2009 2,000,000.00 2,030,820.00 2,000,000.00 2.500 AAA 2.600 1,103 G410812 0 1 3 3128X8XB3 3729 Federal Home Loan Mort Corp 04/2212009 2,000,000.00 2,002,320.00 2,000,000.00 1,000 AAA 1.100 1,482 04/22/2014 3128X8XV9 3730 Federal Home Loan Mort Corp 04/27/2009 2,000,000.00 2,002,000.00 2,000,000.00 1.750 AAA 1,760 482 07/27/2011 3128X8S29 3754 Federal Home Loan Mort Corp 06/30/2009 2,000,000.00 2,014,480.00 2,000,000.00 3.000 AAA 3.000 1,551 06/30/2014 3128X9VG2 3813 Federal Home Loan Mort Corp 01/29/2010 2,000,000.00 2,007,940.00 2,000,000,00 1.750 AAA 1.750 1.764 01/29/2015 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000.000.00 2,004,380.00 1,999,887.50 3,050 AAA 3.128 27 04/28/2010 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000.000.00 2.068,760.00 1,998,768.89 4.000 AAA 4.022 1,124 04/29/2013 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000.000,00 2.009,380.00 2,000,000.00 2,000 AAA 2.000 666 01/27/2012 3136FJCJ8 3794 Fed,Nat'l Mort.Assoc. 09/17/2009 2,000,000.00 2,006,880.00 2,000,000.00 2.070 AAA 2,070 991 12/17/2012 3136FJQF1 3803 Fed.Nat'l Mort.Assoc. 11/05/2009 2,000,000.00 2,007,500.00 2.000,000.00 1.150 AAA 2.924 1,314 11/05/2013 3138FJZYO 3608 Fed.Nat'l Mort.Assoc. 12/28/2009 2,000,000.00 1,994,380.00 2.000,000.00 1.500 AAA 2.354 911 09/2612012 31398AS76 3809 Fed.Nat'l Mort.Assoc. 12/28/2009 2,000,000,00 1,996.880.00 1,995,887,50 1,750 AAA 1.827 1,002 12/28/2012 3139BAB84 3810 Fed.Nat'l Mort.Assoc. 12/30/2009 2.000,000.00 1,997,500.00 1,990.695.44 3.000 AAA 3,107 1,734 12/30/2014 3136FJU82 3812 Fed,Nat'l Mort.Assoc. 01/26/2010 2,000,000.00 1,996,880.00 2,000,000.00 1.550 AAA 1.550 847 07/26/2012 3136FJ6D8 3816 Fed.Nat'l Mort.Assoc. 02/26/2010 2,000,000,00 2,003,120.00 2,000,000.00 2.100 AAA 2.100 1.792 02/26/2015 31398AJ29 3817 Fed.Nat'l Mort.Assoc_ 03/16/2010 2,000.000.00 1,990,000.00 1,998,023.81 2.100 AAA 2.130 1.264 0911612013 Subtotal and Average 68,721,348.92 64,000,000.00 64,415,860.00 63,947,142,60 2,579 1,039 Portfolio CITY AP Run Dare:0=.i i4/2010-IT24 PM(PRF_PM2)SymRept 6.42 Reooa Ve..5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments March 31, 2010 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Local Agency Investment Funds SYS982 962 Laif City 30,000,000,00 30,000,000.00 30,000,000.00 0.547 NR 0,547 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 0.547 NR 0.547 1 Subtotal and Average 59,222,580.65 60,000,000.00 60,000,000.00 60,000,000.00 0.547 1 .......................... ......_ . . .. Medium Tenn Notes 060506AJO 3734 Bank of America FDIC Insured 04/30/2009 2,000,000.00 2,049,080.00 2,023,463.92 2,375 Aaa 1,830 813 06/22/2012 084664AFS 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,047.340,00 1,989,562.19 4-200 Aa 5.023 258 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,028.540.00 1,996,418.31 2.000 Aaa 2,093 729 03/30/2012 17313YA67 3739 Citigroup FDIC Insured 05/05/2009 2,000,000.00 2,015,740.00 1,999,682.61 1.375 Aaa 1.390 399 05/05/2011 36967HBB2 3805 GE Capital FDIC Insured 11/03/2009 2,000,000,00 2,027,220.00 2,013,545.13 2,000 Aaa 1.720 911 09/28/2012 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000,00 2.042,540.00 2,020,785A7 2-250 Aaa 1.701 711 03/12/2012 36967 HAHO 3735 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,037,120-00 2,014,796,73 2-200 Aaa 1.850 799 06/08/2012 36186CBF9 3763 GMAC FDIC Insured 06/30/2009 2,000,000.00 21030,060.00 1,991,668.60 2.200 Aaa 2.361 993 12/19/2012 v 36185JAA7 3804 GMAC FDIC Insured 11/03/2009 2,000,000.00 2.011,580.00 1,998,309.34 1.760 Aaa 1,784 943 10/30/2012 38146FAFS 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000.000.00 2,022,540.00 2,004,407.42 1.625 Aaa 1.450 470 07/15/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000.000.00 2,039,280.00 2,018,364.34 2.200 Aaa 1.770 806 06/15/2012 49328CAA3 3770 Key Bank FDIC Insured 06/30/2009 2,000,000.00 2,077,060.00 2,051,129,13 3.200 Aaa 2.000 805 06/15/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000,00 2,033,600.00 2,017,630.19 2,000 Aaa 1.390 539 09/22/2011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 1,011,360.00 1,002,882.75 1,800 Aaa 1.660 775 05115/2012 Subtotal and Average 27,145,026A0 27,000,000.00 27,473,060.00 27,142,646,13 2.012 709 ---- Commercial Paper Disc.-Amortizing 36959JDP5 3821 General Electric Capital Corp 03/31/2010 4,000,000.00 3,999,480.00 3.999,706.66 0.120 P-1 OA22 22 04/23/2010 Subtotal and Average 129,022.80 4,000,000.00 3,999,480.00 3,999,706.66 0.122 22 Money Market Acct SYS3802 3802 Union Bank-US Gov't MMF 10/22/2009 5,017,938.48 5,C17,938,48 5,017,938.48 0.050 Aaa 0.050 1 SYS3789 3789 Union Bank-US Trea MMF 0,00 0.00 0.00 0.020 Aaa 0.020 1 Subtotal and Average 4,792,482.65 5,017,938.48 5,017,938.48 5,017,938.48 0.050 1 Total and Average 160,010,461.11 160,017,938.48 160,906,338.48 160:107,433.87 1.581 536 e Portfolio CITY AP Run Date:041,412010-1724 PM IPRF_PM2)SyrnRept 6.42 y fD City of HB Portfolio Management Page 4 2) Portfolio Details - Cash March 31, 2010 CO 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 291.67 291.67 0 .... Subtotal 291.67............... _........._........_....._....._..... 291.67 Total Cash and Investments 160,010,461.11 160,017,938.48 160,906,630.15 160,107,725.54 1.581 536 0 e Portfolio CITY AP Run Date:.0411412010.1714 - PM(PRP_PM2)SynRegt 6.42 City of HB Portfolio Management Page 5 Activity By Type March 1, 2010 through March 31, 2010 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133XTZ25 3756 Federal Home Loan Bank 1,500 03122/2010 0.00 2,000,000.00 3133XUTD5 3795 Federal Home Loan Bank 2.000 03/24/2010 0.00 2,000,000.00 3133XVYN5 3807 Federal Home Loan Bank 1.000 03/18/2010 0,00 2,000,000.00 3128X9DS6 3786 Federal Home Loan Mort Corp 3.500 03115/2010 0.00 2,000,000.00 3136FJBM2 3788 Fed.Nat'l Mort.Assoc. 3.000 03/15/2010 0,00 2,000,000.00 31398AJ29 3817 Fed.Nat'l Mort,Assoc. 2.100 03/16/2010 1,998,000.00 0.00 Subtotal 1,998,000.00 10,000,000.00 63,947,142.60 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.547 4,700,000.00 2,700,000.00 Subtotal 4,700,000.00 2,700,000.00 60,000,000.00 Medium Term Notes Subtotal 27,142,646.13 Commercial Paper Disc.-Amortizing 36959JDP5 3821 General Electric Capital Corp 0.120 03/31/2010 3,999,693.33 0,00 Subtotal 3,999,693.33 0.00 3,999,706.66 Money Market Acct (Monthly Summary) SYS3802 3802 Union Bank-US Gov't MMF 0.050 14,222,130.71 11,410,000.00 Subtotal 14,222,130.71 11,410,000.00 5,017,938.48 Total 24,919,824.04 24,110,000.00 160,107,433.87 rt fD d � Portfolio CITY (p AP Run Date:04/1412010-17:24 PM(PRF_PM3)SymRept 6.42 Report Ver.5.00 �D City of HB Portfolio Management Page 6 ca Activity Summary cD March 2009 through March 2010 0 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 2009 73 199,977,655.16 2.626 2.663 1.822 4 5 597 414 April 2009 83 203,124,393.45 2.393 2.427 1.607 14 4 637 457 May 2009 80 228,319:866.33 2.313 2.345 1.530 5 8 596 406 June 2009 77 221,7747096.95 2.109 2.138 1.377 27 30 590 414 July 2009 63 206,333,931.37 2.075 2.104 1,035 4 18 635 435 August 2009 53 185,785,442.19 1.748 1.772 0.925 16 26 616 451 September 2009 50 173,226,879.22 1.902 1.929 0.750 9 12 762 594 October 2009 49 1507346,976.41 1.888 1.914 0.646 1 2 788 600 November 2009 51 146,822,868.24 1,847 1.873 0.611 5 3 809 627 December 2009 53 151,113,246.79 1.670 1.693 0.569 5 3 762 599 January 2010 55 171,370,134.78 1.576 1.598 0.558 5 3 741 585 1 February 2010 54 165,290,104.23 1.687 1.710 0.577 1 2 800 618 March 2010 51 160,010,461.11 1.559 1.581 0.547 2 5 724 536 0 Average 61 181,887,775.74 1.953% 1.980% 0,966 8 9 697 518 Portfolio CITY AP Run Date:0,111 412010-1 7:24 PM(PRF PM4)$ymRept 6.42 Report Ve:.5.00 City of HB Portfolio Management Page 7 Distribution of Investments By Type March 2009 through March 2010 March April May June July August September October November December January February March Average Security Type 2009 2009 2009 2009 2009 2009 2009 2009 2009 2009 2010 2010 2010 by Period Repurchase Agreements ............. .............. .......................................11 - --------- .......... Certificatesof Deposit ...................--------- ..................-I—.............. ........................................... -- --------___....................._................. ............... ...........- Commercial Paper-Interest Bearing ..--.............................-........... .......... ........................... ................... ...................... ... . ........................................ ........... ............... ............................-1-1-1..................................... Federal Agency Issues-Coupon 54.9 52.4 48.6 49.3 45.1 37.5 44.1 44A 44.8 43,1 42.4 45.2 39.9 45.5% ---------- --------------11.1-1-..............., .1.1.1-1.......... ..............-............. .......................... Local Agency Investment Funds 29.6 22.6 26.7 27.1 31.2 31.1 38.9 38,5 34.8 36 9 35.4 36.4 37.5 32.8% -------------- 11.1-1-11.............. ------- ............ .................... .............. ...........- 1.111",.................................- Treasury Securities-Coupon 3.0 2,7 2.7 2.7 3.1 .......... .................... 1_,_ 111-11-1........... ................... ...... ....................... ........ ---------- Medium Term Notes 10 T3 8.5 10.5 12.1 12.7 15.0 15.7 18.5 16.7 16.0 17.0 17.0 13.0% ........................ ................ ----------- ---------------- ------------------- . ...... ............. ............... Negotiable CID's .............. ........... ........... .................... Certificates of Deposit-Bank .................... ..................-.............................. .................. __- ...... ............................................... ................... Mortgage Backed Securities ------------ ............. .............. ------ Bankers Acceptances-Amortizing . ..I ..... .... ............. .............. ................................. .......... ................... ---------------............ Commercial Paper Disc.-Amortizing 9.4 9.5 8.0 6.8 3.3 4.7 2.5 3.4% ............................................................... ....... ------------ ........ ........ .......... Federal Agency Disc.-Amortizing 1.2 5.6..... .... 5.5 3,8 7,9 15.4 3.0% .......... . ... ---------------............ -----------_-------------------------- ........... Treasury Discounts-Amortizing .........................- .............. -------------------- -------- --------- ..................................... ......................................... Miscellaneous Discounts-Amortizing ............._............................---------.............................. .......... .______--------- ------- .............. ........... Money Market AGCt 0.5 2.0 1.8 1.9 3.3 1.4 1.4 3.1 1.2% 111.11.11................. ............................. ......................... ..........................- ............................... Rolling Repurchase Agreements .... ...... ......................................... ........... ......... ............. ............ fD sip Portfolio CITY (Q (D AP -L Run Da!e:04/1412010-1724 PM(PRF_PM5)SymRe'D',6.42 .h Repo,,Ver.5.00 fD City of HI3 Portfolio Management Page 8 Interest Earnings Summary March 31, 2010 March 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 264,611.11 1,289,119.28 Plus Accrued Interest at End of Period 540,966.93 540,966.93 Less Accrued Interest at Beginning of Period ( 616,905,87) { 632,384.47) Less Accrued Interest at Purchase During Period ( 0,00) ( 0.00) Interest Earned during Period 188,672.17 1,197,701,74 Adjusted by Premiums and Discounts -3,046.39 -21,129.52 Adjusted by Capital Gains or Losses 0.00 -18,331.21 Earnings during Periods 185,625.78 1,158,241.01 Pass Through Securities, Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 NLess Accrued Interest at Beginning of Period ( 0.00) { 0.00) Less Accrued Interest at Purchase During Period ( a00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 130.71 218:297.77 Plus Accrued Interest at End of Period 84,682.21 84,682.21 Less Accrued Interest at Beginning of Period ( 57,096.05) ( 136,845,63) Interest Earned during Period 27,716.87 166,134.35 Total Interest Earned during Period 216,389.04 1,363,836.09 Total Adjustments from Premiums and Discounts -3,046.39 -21,129.52 Total Capital Gains or Losses 0.00 -18,331.21 Total Earnings during Period 213,342.65 1,324,376.36 Portfolio CITY AP Run Date:04/14/2010-17:24 PM(PRF_PN16)SymRept 6.42 Repo-,ver.500 Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Office of the City Treasurer March 2010 Cash Receipts and Disbursements February,2010 March 2010 Receipts Property Tax Receipts 203,450 2,181,749 Utility Tax Receipts (UUT) 1,616,390 1,651,403 Sales Tax Receipts 1,742,300 1,617,319 1/2 Cent Safety Sales Tax Receipts 123,571 176,631 Highway Users Tax Receipts (HUT) 0 (1) 0 (1) Transient Occupancy Tax Receipts (TOT) 365,195 369,754 All Other Receipts 14,589,526 16,098,361 Subtotal Receipts 18,640,432 22,095,217 Disbursements Other Disbursements (26,443,3141 (23,127,177) Net Change in Cash Flow (7,802,882) (1,031,960) Summary of Cash by Fund February 2010 March 2010 General Fund 34,746,868 34,677,202 Government Funds 965,214 954,821 Capital Funds 16,816,724 16,413,356 Debt Service Funds 9,315,175 7,136,760 Enterprise Funds 87,518,936 89,388,646 Fiduciary Funds 1,240,128 1,324,313 Special Revenue Funds 9,514,812 10,980,997 160,117,857 160,876,095 (1) The State of California is deferring HUT receipts from November to March until April 2010. *Total cash will differ from investment portfolio total due to outstanding checks and/or other timing Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio, This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts& Disbursements.xls March 2010 —13- Item 1. e Page 13 State of California Pooled Money Investment Account Market Valuation 3/3112010 Carrying Cast Ptus Desctptton; Accrued Interest Purch Amortized Cosf Farr Value Accrued interest United States Treasury: Bills $ 22,117,200,379.93 $ 22,151,765,333.35 $ 22,162,576,550.00 NA Notes $ 8,452,020,143.48 $ 8,451,181,483A6 $ 8,474,379,500,00 $ 26,661,282.00 Federal Agency: SSA $ 555,726,851.61 $ 555,717,973.09 $ 548,069,367.58 $ 600,736.78 MBS-REMICs $ 822,263,011,50 $ 822,263,011.50 $ 869,244,504.79 $ 3,903,500.61 Debentures $ 1,209,383,439.78 $ 1,209,383,439,78 $ 1,214,140,480.00 $ 11,195,147.88 Debentures FR $ 400,000,000.00 $ 400,000,000.00 $ 400,058,000.00 $ 51,196.44 Discount Notes $ 7,414,113,502.50 $ 7,424,994,088.81 $ 7,427,967,500.00 NA FHLMC PC $ $ $ - $ - GNMA $ 98,647.66 $ 98,647.66 $ 109,991.76 $ 971.39 IBRD Deb FR i $ 300,000,000.00 $ 300,000,000.00 $ 300,714,000.00 $ 260,634.00 CDs and YCDs FR $ $ $ - $ Bank Notes $ $ $ - $ CDs and YCDs _ $ 7,550,047,500.90 $ 7,550,038,167.57 $ 7,550,160,392.50 $ 2,499,611.14 Commercial Paper $ 4,821,125,738.34 $ 4,821,777,031.37 $ 4,821,754,787.77 NA Corporate: Bonds FR $ 125,184,760.48 $ 125,184,760.48 $ 125,041,750.00 $ 24,005.58 Bonds $ $ $ $ Repurchase Agreements $ $ $ NA Reverse Repurchase $ $ $ $ Time Deposits $ 4,052,640,000.00 $ 4,052,640,000.00 $ 4,052,640,000,00 _^ NA NOW Account $ - $ - $ NA AB 55&GF Loans $ 11,286,774,939.92 $ 11,286,774,939.92 $ 11,286,774,939.92 NA TOTAL $ 69,106,578,916.10 $ 69,151,818,876.98 1 $ 69,233,631,764.32 $ 45,197,085.82 Fair Value Including Accrued Interest $ 69,278,828,850.14 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 (1.001183091). As an example: if an agency has an account balance of$20,000,000.00, then the agency would report its participation in the LAW valued at$20,023,661.82 or$20,000,000.00 x 1.001183091. Item 1. - Page 14 -14- ATTACHMENT #2 rt fD Schedule of Bond Investments -U Held by Fiscal Agent as of February 28, 2010 M Summary of investments by type -a Market Value Market Value On Par Value Investment Type as of 1/31/10 as of 2/28/10 $3,609,925 Local Agency Investment Fund(LAIF) $3,607,602 $3,609,925 $0 Federal Agency Issues $0 $0 $4,179,090 investment Agreements $4,179,090 $4,179,090 $8,519,432 Money Market Funds $6,827,366 $8,519,432 $0 US Treasury Securities $0 $0 $16,308,447 $14,614,058 $16,308,447 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 1/31110 as of 2/28/10 $913,103 City of Huntington Beach-2004 Judgment Obligation Bonds (Property Tax Refunds) $913,103 $913,103 $2,854;486 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,202,078 $2,854,486 $1,649,396 Redevelopment Agency of Huntington Beach -2002 Tax Allocation Refunding Bonds $1,649,396 $1,649,396 $656,878 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $508,119 $656,878 $2,672,448 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,352 $2,672,448 $2,620,838 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,989,286 $2,620,838 $1,713,989 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,259,461 $1,713,989 $173,057 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $173,057 $173,057 $1,734,342 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase l) $1,394,398 $1,734,342 $759,596 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $921,495 $759,596 $560,314 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $560,313 $560,314 $0 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $0 $0 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $16,308,447 $14,614;058 $16,308,447 ATTACHMENT #3 fD City of Huntington Beach Deferred Compensation Plan Summary Information V as of December 31, 2009 a c Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (9-30-09) (12-31-09) ICMA Retirement Corporation (457 Plan) $25,730,929 $663,765 ($505,803) $952,106 ($999) $26,839,998 ICMA Retirement Corporation (401 Plan) $983,062 $26,398 ($2,707) $25,039 $0 $1,031:792 Nationwide Retirement Solutions (457 Plan)* $51,212,136 $1,506,970 ($1,344,496) $1,282,194 ($550) $52,656:254 a Total Deferred Compensation Plan Balances $76,056,784 $2,197,133 ($1,853,006) $2,259,339 ($1,549) $78,658,701 ATTAC H M E N T #4 fD City of Huntington Beach ° Retiree Medical Trust Information as of December 31, 2009 ca �D N Beginning Balance Contributions Distributions/ Earnings Other Ending (9-30-09) Transfers (change in value) Balance (12-31-09) CaIPERS Retiree Medical Trust Account $7,930,115 $138,013 $269,938 ($644) $8,337:422 e N -21. Item 1. - Page 21 rr �D City of Huntington Beach Supplemental Pension Trust Information as of December 31, 2009 co N Beginning Balance Contributions/ Distributions/ Earnings Other Ending (9-30-09) Dividends Transfers (change in value) Balance (12-31-09) Supplemental Pension Trust Account $24,908,665 $200,722 $297,631 ($49) $25,406,969 ATTACHMENT #6 fD 3 a e T Treasurer's Report - Shari L. Freddenrich, CPA, CCMT, CPFA, CPFIM MARCH TREASURER'S REPORT r f. Shari L . Freidenrich , CPA, CCMT, CPFA, CPFIM May 3, 2010 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Balance Trends Portfolio Balances by Type $195M $215M $215M $203M $162M $160M N 100% N e 80% Med Notes l 0 LA1F 60% 0 Fed Ag. r.` 40% R CID l tI , . Money Mkt ON 20% - 0% Mar-06 Mar-07 Mar-08 Mar-09 Dec-09 Mar-10 Slide 2 N N ra �D 0 �Q Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFI Investment Percentages By Type of Investment Federal Agencies F 40% L Money Mkt Commercial f i � P Pa er v ?F J l 7 3% t _rri r f Medium Term Notes 17% LAIF 37% slide 3 Treasurer's Report - Shari L. Freidenrdch, CPA, CCMT, CPFA, CPFIM Liquidity Investment Maturities by Days, Ending March 2009/2010 ® 1 Day ED 2-180 Days 40% 28% ❑ .5 - I Yr. ' cn 24% 30% 1 - 1 .5Yr. 'rE 1 .5 - 2Yr. tr•rr>t r ° 14° El - 3 Yr. 20 /o /Q -s� o 3 4 Yr. 8% o 9 /o 0 4 o o ❑ 4 - 5 Yr. e�Sh, J j ��� r� ✓icy'a. �•''�{"irlt, ® 30% 3% 3% 8% 41 % 2% 4% 9% A 10 2009 20 � slide 4 N T rt 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 17 000 000 $205000,000 .......... �c"OV-LLLV co ($55000,000) $250005000 $8,500,000 ($30,0003000) --z $25,500,000 $21 1000,00 ............ ($55,000,000) -/ $65,500,000 ($80,0005000) , Apr-1 0 May-10 Jun-10 Jul-10 Aug-1 0 Sep-1 0 1. Slide 5 Treasurer's Report - Shari L. Rr-eidenrich, CPA, CCMT, CPF , CRAM Investment Yields Trends 14 Y,� .r As r + `�-� - �ONE r y a. fi u � , '3 5.00% 4.00% ° 3.21% 2 76% 2.14% O . f��+' f try EP a ,x ✓t,;,sv'�Sc§siwr "aj`hEk"EdM4.p'r Lj. .F ° t r� 2.0® a ubYz, � kd23 J"�z �r Fs ' a ,n M i�� R��t��ca >r-zris l qu "[z "� 36 .�if2 {✓ sC.C� �„r r^"1 �•--�^��'� t�' ty s�se:�, i¢ Y d''' L'' i_ Y �rkf, �h-1' h'd' ®m®®°/fl <.,f�r .,.«l Jun-06 Dee-08Mar-09 Jun-09 Dec-09Mar-10 0 0 Slide 6 1 i a Ili I I t Y �� 111 111 � I t. t � 5 ^� ,�-w�5•r �q �. f tr ! tL � !r 3 <j� y ! tr y} { • �.a r J,.i^�i���y�v��./�.r"�313<t�'�"� <��7r2's a fr y n 3 r I f I ✓ 7 �� ii i 'Ii • SF c."`L�is��aa� $a,rxxE laarZtx r s ,r ! r� 3. �fz r'� I'>r:. _y.a=< i".a �.. '�^ci�j>�!{'`n\f Syr,y � '2vi�v 3 2 {J✓�, "\i§\, `,� �'�.� 5! �L \�2����LJ�x'>C. v,} rti �?�s�✓.`u?�3t �7h fi<f l -.�a ��f v 3� y s "1 ��Li�r?y"'• x �'iFu ��i v.�!'{''> �F��{ tYS�, z >r\$w .% r rJ s J �y s v a s t £ d i ✓ t b !,� ! S�\�p r �x r✓s n �'�vs3,�,I ,�, a� r fr�l �� : � J _'+ r��,r .. �"`�w ����sY l�6�}i il�\s✓,Syto ,��'���.C`u S< <n. 4 T f � F :> �.4\,,,„�it c b ca',f�r,(f�a,.✓�1"'�u»c±c tt/`Cr�ti.�S as o' ✓ JIM off Treasurer's Report - Shari L. Freidenrich, CPA, CC MT CPP , CPPI tiummar ® Recommendation to City e w d w!� ■ 0 � Slide 8 w Council/Agency Meeting Held:_ D Deferred/Continued to: )§-ApprXed ❑ Conditionally Approved ❑ Denied C ler ' ignat re Council Meeting Date: April 19, 2010 Department ID Number: C10-008 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: Honorable Mayor and City Council Members SUBMITTED BY: Shari L. Freidenrich, CPA, City Treasurer PREPARED BY: Shari L. Freidenrich, CPA, City Treasurer SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S FEBRUARY 2010 INVESTMENT SUMMARY REPORT Statement of Issue: Review and accept the Monthly Investment Report for February 2010, 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 2010, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Item 2. - Page I REQUEST FOR COUNCIL ACTION MEETING DATE: 4/19/2010 DEPARTMENT ID NUMBER: C10-008 Analysis: Not Applicable. Environmental Status: Not Applicable. Strategic Plan Goal: Maintain and enhance our financial reserves. Improve internal and external communication. Attachment(s): • D o ion 1. Monthly Investment Report and Summary of Investments for February 2010 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. Supplemental Pension Trust Investments 6. February 2010 PowerPoint Presentation Item 2e - Page 2 ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds, Deferred Compensation, Retiree Medical Trust, and Deferred Compensation Trust Activity for February 2010 City Investment Portfolio: January February Inc.1(Dec.) End of month City Portfolio Balance $169,516,177 $159,300,656 ($10,215,521) End of Month Market Value $170,528,269 $160,363,798 ($10,164,471) End of month General Fund Balance $41,147,523 $34,746,868 ($6,400,655) Monthly Effective Rate of Return 1.52% 1.72% 0.20% Average Maturity ( in days) 585 618 33 End of month bank cash balance $1,351,545 $1,590,482 $238,937 Bond Proceeds Investments:* December January Inc.l(Dec.) End of Month Bond Reserve Par Value $13,169,862 $14,614,058 $1,444,196 End of Month Bond Reserve Market Value $13,169,862 $14,614,058 $1,444,196 Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $76,056,784 $78,658,701 $2,601,917 Retiree Medical Trust:** September December Inc.l(Dec.) Trust Balance $7,930,115 $8,337,422 $407,307 Supplemental Pension Trust: September December Inc.1(Dec.) Trust Balance $24,908,665 $25,406,969 $498,304 Comparison to Budget 1 City Portfolio: Budget Actual Inc.1(Dec.) Interest Earned for Month $200,000 $217,588 $17,588 Interest Earned Year to Date $1,000,000 $1,111,033 $111,033 Earned Interest Yield Year to Date 1.50% 1.71% 0.21% Average Daily Balance $160,000,000 $156,891,060 ($3,108,940) *Bond Proceeds Statements are issued monthly and may lag by more than one month. —Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM in1 February % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $71,947,113 45% None 1088 2.540, Local Agency Inv. Fund (LAIF) $58,000,000 37% $60 million 1 0.589 Medium Term Notes $27,147,735 17% 20% 740 2.01° Money Market Acct $2,205,808 1% 10% 1 0.050, $159,300,656 100% 618 1.700, Item 20 - Page 4 NTINGT4 <�X arp <P 9 City of Huntington Beach *� City of 1-113 2000 Main St a a Portfolio Management Huntington Beach U,^JTY�P�\4o Portfolio Summary February 28, 2010 Par Market Book %,of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 72,000,000.00 72,604,780.00 71,947,113.63 45.16 1,366 1.088 2.525 2.560 Local Agency Investment Funds 58,000,000,00 58,000,000.00 58,000,000.00 36,41 1 1 0,569 0.577 Medium Term Notes 27,000,000.00 27,553,210,00 27,147,734,82 17.04 1,071 740 1.984 2.011 Money MarketAcct 2,205,807.77 2,205,807.77 2,205,807.77 1.38 1 1 0,049 0,050 159,205,807.77 160,363,797.77 159,300,656.22 100.00% Boo 618 1.687 1.710 Investments Cash and Accrued Interest Accrued Interest at Purchase 4,180.56 4,180.66 .........-.......... .._...- ----- Subtotal 4,180.56 4,180,56 Total Cash and Investments 159,205,807.77 160,367,978.33 159,304,836.78 $00 618 1.687 1,710 Total Earnings February 28 Month Ending Fiscal Year To Date Fiscal Year Ending --- -- - - — . . .----_ 1,.... ... _ ._...... - -... .... .._. ............. Current Year 217,587.94 1-111,032.71 Current Budget 200,000.00 1,000,000.00 2,400,000,00 Last Year Actual 481,416.00 2,627,610.00 5,107,095.00 Average Daily Balance 165,290,104.23 156,891,060,02 Effective Rate of Return 1,72% 1.71% 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 December 21,2009. 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 Interactive Data Corporation. L. FREIDENAICH,CPA, CITY TREASURER 9V 0 Reporting period 0210112010-0212812010 Portfolio CITY AP Run Date:0410512C10-v5:12 PM(PRP_PM1)SymRept 6,42 M Report Ver,5.00 Pr City of HB Portfolio Management Page 2 Portfolio Details - Investments February 28, 2010 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 31331GSB6 3727 Federal Farm Credit Bank 04/09/2009 2,000,000.00 2,003,760.00 2,000,000.00 2.200 AAA 2,200 770 04109/2012 31331GWQS 3751 Federal Farm Credit Bank 06/16/2009 2,000,000.00 2,006,260.00 1,982,938.39 1.800 AAA 2.198 812 05/21/2012 31331GL98 3780 Federal Farm Credit Bank 08/26f2009 2,000,000.00 2,028,760,00 2,000,000.00 3.150 AAA 3.150 1,639 08/26/2014 31331GS26 3796 Federal Farm Credit Bank 09/23/2009 2,000,000.00 2,018,760.00 2,000,000.00 2.350 AAA 2.350 1,302 09/2312013 31331GR92 3797 Federal Farm Credit Bank 09/28/2009 2,000,000.00 2,015,000.00 2,000,000.00 1.850 AAA 1.850 942 09/2812012 3133XLQ22 3546 Federal Home Loan Bank 07/20/2D07 2,000,000.00 2,039,380,00 2,000,000.00 5.600 AAA 5-600 872 07/20/2012 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,039,380.00 2,000,000,00 4.150 AAA 4,150 1,296 09/17/2013 3133XTZ25 3756 Federal Home Loan Bank 06122/2009 2,000,000.00 2,000,000.00 2,000,000.00 0.500 AAA 0.500 205 09/22/2010 3133XUNE9 3785 Federal Home Loan Bank 08/26f2009 2,D00,000.00 2,042,500.00 2,000,000.00 2.750 AAA 2,750 1,267 08/19/2013 3133XUTD5 3795 Federal Home Loan Bank 09/24/2009 2.000,000.00 2,001,880,00 2,000,000.00 2.000 AAA 2.000 938 09/24/2012 3133XVHT1 3800 Federal Home Loan Bank 11/10/2009 2,000,000.00 2,007,500.00 2,000,000.00 1.750 AAA 1,750 893 08/10/2012 3133XVHP9 3801 Federal Home Loan Bank 11/16/2009 2,000,000,00 2,005,620.00 2,000,000.00 1.250 AAA 1.250 991 11/16/2012 3133XW2N8 3806 Federal Home Loan Bank 12111/2009 2,000.000.00 2,001,260.00 2,000,000.00 0.750 AAA 0,750 1,016 12/11/2012 3133XVYN5 3807 Federal Home Loan Bank 12/18/2009 2,000,000,00 2,000.620.00 2,000,000.00 1.000 AAA 2,787 1,753 12/18/2014 3136FJY39 3814 Federal Home Loan Bank 01/28/2010 2,000,000.00 2,014,380.00 2,000,000,00 3.050 AAA 3,050 1,794 01/28/2015 3128X7 NF7 3644 Federal Home Loan Mort Corp 05/06/2008 2,000,000,00 2,039,420.00 1,999,186.67 3,375 AAA 3.43E 249 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/0612008 2,000,000,00 2,059,180.00 1,995,132,00 3.250 AAA 3.48D 409 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,013,460.00 2,000,000.30 3.250 AAA 3.250 452 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,046,480,00 1,965,053,90 3.700 AAA 4.002 998 11/23/2012 3128XSTZ5 3726 Federal Home Loan Mort Corp 04/08/2009 2,000,000.00 2,019,040.00 2,000,000.00 2.500 AAA 2.500 1.134 04fO8/2013 3128XBXB3 3729 Federal Home Loan Mort Corp 04/22/2009 2,000,000.00 2,005,480.00 2,000,000.30 L000 AAA 1.100 1,51$ 04/22/2014 3128X8XV9 3730 Federal Home Loan Mort Corp 04/27/2009 2,000.000.00 2,003,780.00 2,000,000.00 1.760 AAA 1.750 513 07f271201I 3128XB529 3754 Federal Home Loan Mort Corp 06/3012009 2,000,000.00 2,018.880.00 2,000,000.00 3.000 AAA 3,000 1,582 06f30/2014 3128X9DS6 3785 Federal Home Loan Mart Corp 09115/2009 2,000,000.00 2,002.400,00 2,000,000.DO 3.500 AAA 3.500 1,659 09/15/2014 3128X9VG2 3813 Federal Home Loan Mort Corp 01/29/2010 2,000,000.00 2,011,320.00 2,000,000,DO 1.750 AAA 1.750 1,795 01/29/2015 31398AQN5 3639 Fed,Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 2,009,380.00 1,999,762.50 3,050 AAA 3.128 58 04f28/2010 3136F9MNO 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,076,680.00 1,998.735.56 4.000 AAA 4.022 1,155 04/29/2013 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01127/2009 2,000,000,00 2,012,500.00 2,000.000,00 2,000 AAA 2.000 697 01127/2012 3136FJBM2 3788 Fed.Nat'l Mort.Assoc. 09/15/2009 2.000,000.00 2.001,880.00 2,000.000.00 3.000 AAA 3.000 1,659 09/15/2014 3136FJCJ8 3794 Fed.Nat'l Mort-Assoc. 09/17/2009 2,000,000.00 2,015,000.00 2,000,000.00 2.070 AAA 2.070 1,022 12/17/2012 3136FJQF1 3803 Fed. Nat`(Mort.Assoc. 11/05/2009 2,000,000.00 2.010,620.00 2,000,000.00 1,150 AAA 2.924 1,345 11/06/2013 3136FJZYD 3808 Fed.Nat'l Mort.Assoc. 12/28/2009 2,000.000.00 2,004,380.00 2,000,000.00 1,500 AAA 2,354 942 09/28/2012 31398AS76 3809 Fed,Nat'l Mort.Assoc. 12/28/2009 2,000,000.00 2,006,880.00 1.995,762.50 1.750 AAA 1,827 1,033 12128/2D12 31398AB84 3610 Fed, Naf1 Mort.Assoc. 12/30/2009 2,000.000.00 2,008,760.00 1.990,532,11 3.000 AAA 3.i07 1,765 12/30/2014 3136FJU82 3812 Fed.Nafl Mort.Assoc. 01/26/2010 2,000,000.00 2,005,620.00 2,000,000.00 1.550 AAA 1.550 878 07/26/2012 3136FJ6DS 3816 Fed.Nat'l Mort.Assoc. 02/26/2010 2,000,000,00 2,009,380.00 2,000,000.00 2.100 AAA 2.100 1,823 02/26/2015 Portfolio CITY AP Run Date:'WO512310-09:12 PM tPRF_PM2l SymRept 6.42 Report Ver.5,00 City of 1113 Portfolio Management Page 3 Portfolio Details - Investments February 28, 2010 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 71,803,225,26 72,000,000.00 72,604,780.00 71,947,113.63 2.560 1,088 ................ ------------ .......... ....... ................. ...... ................... Local Agency Investment Funds SYS982 982 Laif City 28,000,000.00 28,000,000.00 28,000,000.00 0.577 NR 0,577 1 SYS2206 2206 LAiF-Redevelopment Agency 30,000,000.00 30,000,000,00 30,000,000.00 0,677 NR 0,577 1 Subtotal and Average 59,785,714.29 58,000,000.00 58,000,000,GO 58,000,000.00 0,577 1 .......... .......... ......... ................... Medium Term Notes 06050BAJO 3734 Bank of America FDIC Insured 04130/2009 2,000,000,01) 2,o66,480.00 2,024,342.72 2.375 Aaa 1.830 844 06/2212012 084664AF8 3475 Berkshire Hathaway Fin 01117/2007 2,000,000.00 2,056,600,00 1,986,329.38 4.200 Aa 5.023 289 12115/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,038,520.00 1,996,268.87 2.000 Aaa 2.093 760 03/3012012 17313YA67 3739 Citigroup FDIC Insured 05/0612009 2,000,000.00 2,017,680.00 1,999,658.44 1.375 Aaa 1.390 43D 05/0512011 36967HB82 3805 GE Capital FDIC Insured 11/03f2009 2,000,000.00 2,029,280.00 2,013,998.14 2000, Aaa 1,720 942 09/28/2012 35967HAN7 3733 General Electric Cap FDIC Insu 0413012009 2,000,000L0 2,046,840.00 2,021,675.00 2.250 Aaa 1.701 742 03/12/2012 36967HAHO 3735 General Electric Cap FDIC insu 0413012009 2,000,000,00 2,044,820.00 2,015,360.77 2.200 Aaa 1,850 830 0610812012 36186CBF9 3763 GMAC FDIC Insured 06/30/2009 2,00,000.00 2,037,540.00 1,991,413.03 2,200 Aaa 2.361 1,024 1211912012 36185JAA7 3804 GMAC FDIC Insured 11/0312009 2,000,000.00 2,013,200.00 1,998,254.74 1.750 Aaa 1.784 974 10/30/2012 38146FAFS 3732 Goldman Sachs FDIC Insured 0412712009 2,000,000-00 2,023,840.00 2,004,692.38 1.625 Aaa 1,450 501 07/15/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04130/2009 2,000,000-00 2,044,800,00 2,019,058.20 2,200 Aaa 1.770 837 06/1512012 49328CAA3 3770 Key Bank FDIC Insured 0613012009 2,000,000-00 2,089,720,00 2,053,060.96 3200 Aaa 2,000 837 0611512012 61757UAF7 3736 Morgan Stanley FDIC Insured 04130/2009 2,000,000-00 2,040,700.00 2,018,626.24 2.000 Aaa 1.390 570 09122/2011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 1,014,190.00 11,002,995,95 1.800 Aaa 1.680 806 0511512012 Subtotal and Average 27,150,351.89 27,000,000.00 27,553,210.00 27,147,734.82 2.011 740 ._--------------------.. ------------ ---------1.1............. .......... ...... ..........- Commercial Paper Disc.-Amortizing Subtotal and Average 3,142,813.49 ................ .......................................... Money Market Acct SYS3802 3802 Union Bank,-US Gov't MMF 10/2212009 2,205,807.77 2,206,807.77 2,205,807.77 0,060 Aaa 0.050 1 SYS3789 3789 Union Bank-US Trea MMF 0,00 0.00 0.00 0.020 Aaa 0.020 1 Subtotal and Average 3,407,999.30 2,205,807.77 2,205,807.77 2,205,807.77 0.050 1 Total and Average 165,290,104.23 159,205,807.77 160,363,797.77 159,300,666,22 1.710 618 (D T Portfolio CITY AP (D Run Date:O_IX612010-09 12 PM(PRF_PM2)SymRe.pt 6.42 -4 Fr 0 City of HB Portfolio [Management Page 4 w Portfolio Details - Cash M February 28, 2010 00 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 4,130.56 4,180.5fi 0 ----................................_..,,..,...- - ._....._ Subtotal 4,180.55 4,180.56 Total Cash and Investments 165,290,104.23 159,205,807.77 160,367,978.33 159,304,836.78 1.710 618 Portfolio CITY AP Run Date,04105(2010-00. 2 PM(PRF_PM2)Sym.Rept 6.42 City of HB Portfolio Management Page 5 Activity By Type February 1, 2010 through February 28, 2010 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3136FH7H2 3781 Fed.Nat'l Mort,Assoc. 1.800 02J2412010 0,00 2,000,000.00 3136FJ6D8 3816 Fed.Nat'I Mort.Assoc. 2.100 02/26/2010 2,000,000.00 0.00 Subtotal 2,000,000.00 2,000,000.00 71,947,113,63 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.577 0.00 2,000,000,00 Subtotal 0.00 2,000,000.00 $8,000,000,00 Medium Term Notes Subtotal 27,147,734.82 Commercial Paper Disc.-Amortizing 36959JBCG 3815 General Electric Capital Corp 0,100 02/12/2010 0.00 8,000,000.00 Subtotal 0.00 8,000,000.00 0.00 Money Market Acct (Monthly Summary) SYS3802 3802 Union Bank-US Gov't MMF 0.050 8,421,318.54 8,634,000,00 Subtotal 8,421,318.54 8,634,000.00 2,206,807.77 Total 10,421,318.54 20,634,000.00 159,300,656.22 e* (D e � Portfolio CITY AP W Run Date:04105/2010-09:12 PM(PRF PM3)SymRept 6.42 Repo;,,Ver.5.00 ° City of HB a T Portfolio Management Page 6 c� Activity Summary M February 2009 through February 2010 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 2009 74 207,184,404.24 2.676 2.713 1,869 1 6 585 417 March 2009 73 199,977,655.16 2.626 2.663 1,822 4 5 597 414 April 2009 83 203,124,393.45 2.393 2.427 1.607 14 4 637 457 May 2009 80 228,319,866.33 2.313 2.345 1.530 5 8 596 406 June 2009 77 221,774,096.95 2.109 2.138 1,377 27 30 590 414 July 2009 63 206,333,931.37 2.075 2.104 1.036 4 18 635 435 August 2009 53 185,785,442.19 1.748 1.772 0.925 16 26 616 451 September 2009 50 173,226,879.22 1.902 1.929 0.750 9 12 762 594 October 2009 49 150,346,976.41 1,888 1.914 0.646 1 2 788 600 November 2009 51 146,822,868.24 1.847 1.873 0.611 5 3 809 627 December 2009 53 151,113,246.79 1.670 1.693 0,569 5 3 762 599 January 2010 55 171,370,134,78 1.576 1.598 0.558 5 3 741 585 February 2010 54 165,290,104.23 1.687 1.710 0.577 1 2 800 618 Average 63 185,415,771.54 2.039% 2,068% 1.067 7 9 686 509 Portfolio CITY AP Run Date.04/0512010-09:12 PM(PRF_PM4)SymRepr 6.42 Report Ver.5,00 City of HB Portfolio [Management Page 7 Distribution of Investments By Type February 2009 through February 2010 February March April May .tune July August September October November December January February Average Security Type 2009 2009 2009 2009 2009 2009 2009 2009 2009 2009 2009 2010 2010 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency issues-Coupon 56.2 54.9 52.4 48.6 49.3 45.1 37.5 44.1 44.1 44.8 43.1 42.4 45.2 46.7% Local Agency investment Funds 29.4 29.6 22.6 26.7 27.1 31.2 31.1 38.9 38.5 34.8 36.9 35.4 36.4 32.2% Treasury Securities-Coupon 3.0 3.0 2.7 2.7 2.7 3.1 1.3% Medium Term Notes 1.0 2.0 7.3 8.5 10.5 12.1 12.7 15.0 15.7 18.5 16.7 16.0 17.0 11.8% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 9.3 9.4 9.5 8.0 6.8 3.3 4.7 3.9% Federal Agency Disc.-Amortizing 1.2 1.2 5.6 5.5 3.8 7.9 15.4 3.1% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Money Market Acct 0.5 2.0 1.8 1.9 3.3 1.4 1.4 1.0% Rolling Repurchase Agreements fD 0 1 � Portfolio CITY Air j Run Date:0410512010-09:12 PM(PRF PMS)SymRept 6.42 Report Ver.5.00 �D .0 City of HB Portfolio Management Page 8 Interest Earnings Summary February 28, 2010 BV February 28 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 84,680.56 1,024,508,17 Plus Accrued Interest at End of Period 616,905.87 616,905.87 Less Accrued Interest at Beginning of Period ( 507,753,03) ( 632,384.47) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 193,333.40 1,009,029.57 Adjusted by Premiums and Discounts -2,839.13 -18:083.13 Adjusted by Capital Gains or Losses 0.00 -18,331.21 Earnings during Periods 190.994.27 972,615.23 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0,00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 .. _ _ . . _._... Cash/Checking Accounts: Interest Collected 318.54 218,167.06 Plus Accrued Interest at End of Period 57,096.05 57,096.05 Less Accrued Interest at Beginning of Period ( 30,820.92) ( 136,845.63) Interest Earned during Period 26.593.67 138,417,48 Total Interest Earned during Period 220,427.07 1,147,447.05 Total Adjustments from Premiums and Discounts -2,839.13 -18,083.13 Total Capital Gains or Losses 0,00 -18,331.21 Total Earnings during Period 217,587.94 1,111,032.71 Portfolio CITY AP Run Date.04/0512010-09:12 PV,(PRF PM6)5ymRept 6.42 Report Ver.5.00 t Statement of Cash Receipts and Disbursements and Summary of Cash by Fund , Office of the City Treasurer February 2010 Cash Receipts and Disbursements January 2010 February 2010 Receipts Property Tax Receipts 15,289,809 203,450 Utility Tax Receipts (UUT) 1,729,333 1,616,390 Sales Tax Receipts 1,306,700 1,742,300 1/2 Cent Safety Sales Tax Receipts 123,989 123,571 Highway Users Tax Receipts (HUT) 0 (1) 0 (1) Transient Occupancy Tax Receipts (TOT) 266,439 365,195 All Other Receipts 25,337,581 14,589,526 Subtotal Receipts 44,053,851 18,640,432 Disbursements Other Disbursements (36,712,925) (26,443,3142 Net Change in Cash Flow 7,340,926 (7,802,882) Summary of Cash by Fund January 2010 February 2010 General Fund 41,147,523 34,746,868 Government Funds 1,040,827 965,214 Capital Funds 17,428,069 16,816,724 Debt Service Funds 9,462,311 9,315,175 Enterprise Funds 86,786,697 87,518,936 Fiduciary Funds 2,142,645 1,240,128 Special Revenue Funds 12,187,953 19,727,842 170,196,025 170,330,887 (1) The State of California is deferring HUT receipts from November to March until April 2010. *Total cash will differ from investment portfolio total due to outstanding checks and/or other timing Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts& Disbursements.xls February 2010 Item 2. a Page 13 State of California Pooled Money Investment ,Account Market 'valuation 2/28/2010 D�scr►p�aon ,s �`r ?,accrued li�`kerest f'�rct�_ � > zr���r UaIue ` ,*..Accriued In#erect United States Treasury: Bills $ 19,975,391,310.55 $ 20,020,348,250.00 NA Notes $ 6,959,273,267.16 $ 7,000,106,000.00 $ 21,347,197.00 Federal Agency: SBA $ 561,384,979.18 $ 552,538,222.79 $ 606,523.24 MBS-REMICs $ 844,155,663.50 $ 895,143,527.51 $ 4,010,055.74 Debentures $ 1,609,299,600.31 $ 1,617,810,980.00 $ 13,054,071.52 Debentures FR $ 1,249,976,529.26 $ 1,250,188,500.00 $ 266,111.11 Discount Notes $ 8,312,516,085.84 $ 8,327,294,500.00 NA FHLMC PC $ - $ - $ - GNMA $ 100,921.57 $ 112,943.15 $ 993.90 1BRD Deb FR $ 300,000,000.00 $ 301,101,000.00 $ 138,215.00 CDs and YCDs FR $ - $ - $ - Bank Notes $ - $ - $ _ CDs and YCDs $ 6,000,047,026.52 $ 6,000,362,977.00 $ 2,362,020.81 Commercial Paper $ 6,805,728,860.52 $ 6,804,606,405.55 NA Corporate: Bonds FR $ 151,815,270.91 $ 151,729,516.48 $ 79,916.02 Bonds $ - $ - $ - Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ Time Deposits $ 4,094,640,000.00 $ 4,094,640,000.00 NA NOW Account $ 1 - $ - NA AB 55 &GF Loans $ 11,123,394,918,81 $ 11,123,394,918.81 NA TOTAL_ $ 67,987,724,434.13 $ 68,139,377,741.29 $ 41,865,104.34 Fair Value Including Accrued Interest $ 68,181,242,845.63 Repurchase Agreements,Time Deposits,AB 55 &General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). Itelr9'1 2. a Rage 14 ATTACHMENT #2 Schedule of Bond Investments e Held by Fiscal Agent as of January 31, 2010 Summary of investments by type Market Value Market Value Par Value Investment Type as of 12/31/O9 as of 1/31110 $3,607,602 Local Agency Investment Fund (LAiF) $3,602,131 $3,607,602 $0 Federal Agency Issues $0 $0 $4,179,090 investment Agreements $4,179,090 $4,179,090 $6,827,366 Money Market Funds $5,388,641 $6,827,366 $0 US Treasury Securities $0 $0 $14,614,058 $13,169,862 $14,614,058 Summary of Investments by Bond Issue Market Value Market Value Par value Bond issue Description as of 11/30/09 as of 1/31/10 $913,103 City of Huntington Beach-2004 Judgment Obligation Bonds (Property Tax Refunds) $1,159 $913,103 $2,202,078 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,199,775 $2,202,078 $1,649,396 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,396 $1,649,396 $508,119 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $508,369 $508,119 $2,043,352 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,351 $2,043,352 $2,989,286 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,621,450 $2,989,286 $1,259,461 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,260,437 $1,259,461 $173,057 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $172,794 $173,057 $1,394,398 Huntington Beach PFA-2000 Series A (Water System Impv., Beach Mnt. Facility; Energy Retrofit, SB Phase 1) $1,394,372 $1,394,398 $921,495 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $758,446 $921,495 $560,313 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $560,313 $560,313 $0 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $0 $0 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $14,614,058 $13,169,643 $14,614,058 ATTACHMENT #3 �D City of Huntington Beach ° Deferred Compensation Plan Summary Information 0 as of December 31, 2009 c� Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (9-30-09) (12-31-09) ICMA Retirement Corporation (457 Plan) $25,730,929 $663,765 ($505,803) $952,106 ($999) $26,839,998 ICMA Retirement Corporation (401 Plan) $983,062 $26,398 ($2,707) $25,039 $0 $1,031,792 Nationwide Retirement Solutions (457 Plan)* $51,212,136 $1,506,970 ($1,344,496) $1,282,194 ($550) $52,656,254 Total Deferred Compensation Plan Balances $76,056,784 $2,197,133 ($1,853,006) $2,259,339 ($1,549) $78,658,701 ATTACHMENT #4 City of Huntington Beach a Retiree Medical Trust Information as of December 31, 2009 N Beginning Balance Contributions Distributions/ Earnings Other Ending (9-30-09) Transfers (change in value) Balance (12-31-09) Ca(PERS Retiree Medical Trust Account $7,930,115 $138,013 $269,938 ($644) $8,337,422 ATTAC H M E NT #5 City of Huntington Beach 0 Supplemental Pension Trust Information T as of December 31, 2009 M Beginning Balance Contributions/ Distributions/ Earnings Other Ending (9-30-09) Dividends Transfers (change in value) Balance (12-31-09) Supplemental Pension Trust Account $24:908,665 $200,722 $297,631 ($49) $25,406,969 ATTAC H M E N T #6 a Treasurer's Report - Sham LB Freidenrich, CPA, CCMT, CPP , CPPi Fte3brullary ' s Report i ?2i?......... � Shari L. Freidenrich , CPFA, April 19, 2010 Treasurer's Report e Sham L. Preidenrich, CPA, CCMT, PPA., CPFM $ in 000°s Financial Information: January February Inc./(Dec,) End of Month City Portfolio $169.516 $159.301 ($10.215) End of Month Market Value $170.528 $160.364 ($10.164) Interest Earned for Month $0.221 $0.218 ($0.003) Earned Interest Yield Year to Date 1 .71% 1 .71% 0.00% Average Maturity ( in days) 585 618 33 YTD Average Daily Balance $154.979 $156.891 $1 .912 $ in 000's Change YTD Bgt. From Same % Change % Change Receipts Thru February 20'!0 Month Last From Last From Prior Property Tax Receipts (Total) $49 31 .6% $116 0.2% 3.0% - • Property Tax Receipts (GF) $10 7.8% $2 0.0% (4.8%) - • 1 % Sales Tax Receipts $50 2.9% ($260) (5.0%) (4.0%) - • 1/2 Cent Sales Tax ($4) (3.3%) ($56) (12.4%) (0.8%) „.e „ Utility Users Tax ($159) (8.9%) ($375) (5.3%) 5.1 Transient Occupancy Tax $16 4.5% ($135) (9.2%) (0.4%) � ', Highway Users Tax ($8) (2.7%) ($4) (0.3%) (25.0%) - • Real Property Transfer Tax ($7) (15.5%) $48 24.4% 25.3%) - Foreclosures (14) (41 .2%) 3 2.3% n/a - • 3 * HUT receipts from November- March are being deferred by the state until April 2010. N November & December 2009 payments received in March. - Difference between YTD % and Budget % is equal to or greater than 0% • Difference between YTD % and Budget % is between (5%) and 0% Rt , Difference between YTD % and Budget % is greater than (5%) 1 Council/Agency Meeting Held: � .5�—LA4/b Deferred/Continued to: Appr ved ❑ Conditionally Approved ❑ Denied City Iflerks nature Council Meeting Date: 3/15/2010 Department ID Number: CT 10-007 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 TREASURE SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JANUARY 2010 INVESTMENT SUMMARY REPORT jEtem:en:tof Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for January 2010, 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 2010, 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. Strategic Plan Goal: Maintain and enhance our financial reserves. Improve internal and external communication. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 3/15/2010 DEPARTMENT ID NUMBER: CT 10-007 Attachment(s): 9-e-s c r i o a 1. Monthly Investment Report and Summary of Investments for January 2010 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. 1 Supplemental Pension Trust Investments 6. 1 January 2010 PowerPoint Presentation -2- 3/2/2010 1:14 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds, Deferred Compensation, Retiree Medical Trust, and Deferred Compensation Trust Activity for January 2010 City Investment Portfolio: December January Inc./(Dec.) End of month City Portfolio Balance $162,406,377 $169,516,177 $7,109,800 End of Month Market Value $163,047,531 $170,528,269 $7,480,738 End of month General Fund Balance $25,815,715 $41,147,523 $15,331,808 Monthly Effective Rate of Return 1.62% 1.52% -0.10% Average Maturity( in days) 599 585 (14) End of month bank cash balance $1,044,790 $1,351,545 $306,755 Bond Proceeds Investments:* November December Inc./(Dec.) End of Month Bond Reserve Par Value $13,169,643 $13,169,862 $219 End of Month Bond Reserve Market Value $13,169,643 $13,169,862 $219 Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $76,056,784 $78,658,701 $2,601,917 Retiree Medical Trust:** September December Inc./(Dec.) Trust Balance $7,930,115 $8,337,422 $407,307 Supplemental Pension Trust: September December Inc./(Dec.) Trust Balance $24,908,665 $25,406,969 $498,304 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $200,000 $220,573 $20,573 Interest Earned Year to Date $800,000 $893,445 $93,445 Earned Interest Yield Year to Date 1.50% 1.71% 0.21% Average Daily Balance $160,000,000 $154,979,082 ($5,020,918) "Bond Proceeds Statements are issued monthly and may lag by more than one month. "Deferred Compensation and Medical Retiree 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 $71,945,108 43% None 1086 2.53% Local Agency Inv. Fund (LAIF) $60,000,000 35% $60 million 1 0.56% Medium Term Notes $27,152,824 16% 20% 768 2.01% Commercial Paper Disc. -Amortizing $7,999,756 5% 25% 11 0.10% Money Market Acct $2,418,489 1% 10% 1 0.05% $169,516,177 100% 585 1.60% (( NT I NG7-0 O` yOOFPONATFO h v City of Huntington Beach City of HB 2000 Main St r Q Huntington Beach r, a Portfolio Management 2cF�UUNTV.C����oQ Portfolio Summary January 31, 2010 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 72,000,000.00 72,563,880.00 71,945,108.47 42.44 1,340 1,086 2.494 2.528 Local Agency Investment Funds 60,000,000.00 60,000,000.00 60,000,000.00 35.39 1 1 0.550 0.558 Medium Term Notes 27,000,000.00 27,546,300.00 27,152,823.55 16.02 1,071 768 1.984 2.011 Commercial Paper Disc.-Amortizing 8,000,000.00 7,999,600.00 7,999,755.56 4.72 14 11 0.100 0.101 Money Market Acct 2,418,489.23 2,418,489.23 2,418,489.23 1.43 1 1 0.049 0.050 169,418,489.23 170,528,269.23 169,516,176.81 100.00% 741 585 1.576 1.598 Investments Cash and Accrued Interest Accrued Interest at Purchase 5,250,00 5,250.00 Subtotal 5,250.00 5,250.00 Total Cash and Investments 169,418,489.23 170,533,519.23 169,521,426.81 741 585 1.576 1.598 Total Earnings January 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 220,573.36 893,444.84 Current Budget 200,000.00 800,000.00 2,400,000.00 Last Year Actual 517,809.00 2,146,194.00 5,107,095.00 Average Daily Balance 171,370,134.78 154,979,082.47 Effective Rate of Return 1.52% 1.71% 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 December 21,2009. 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 Interactive Data Corporation. L. FREIDE RICH,CPA,CITY TREASURER Reporting period 01/0112010-01/31/2010 Portfolio CITY AP Run Date:02/08/2010-16:15 PM(PRF_PM1)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management page 2 Portfolio Details - Investments January 31, 2010 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 31331 GSB6 3727 Federal Farm Credit Bank 04/09/2009 2,000,000.00 2,006,880.00 2,000,000.00 2.200 AAA 2.200 798 04/09/2012 31331GWQ8 3751 Federal Farm Credit Bank 06/16/2009 2,000,000.00 2,008,120.00 1,982,298.58 1.800 AAA 2.198 840 05/21/2012 31331GL98 3780 Federal Farm Credit Bank 08/26/2009 2,000,000.00 2,024,380.00 2,000,000.00 3.150 AAA 3.150 1,667 08/26/2014 31331GS26 3796 Federal Farm Credit Bank 09/23/2009 2,000,000.00 2,013,120.00 2,000,000.00 2.350 AAA 2.350 1,330 09/23/2013 31331GR92 3797 Federal Farm Credit Bank 09/28/2009 2,000,000.00 2,012,500.00 2,000,000.00 1.850 AAA 1.850 970 09/28/2012 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,047,500.00 2,000,0D0.00 5.600 AAA 5.600 900 07/20/2012 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,043,760.00 2,000,000.00 4.150 AAA 4.150 1,324 09/17/2013 3133XTZ25 3756 Federal Home Loan Bank 06/22/2009 2,000,000.00 2,000,620.00 2,000,000.00 0.500 AAA 0.500 233 09/22/2010 3133XUNE9 3785 Federal Home Loan Bank 08/26/2009 2,000,000.00 2,031,260.00 2,000,000.00 2.750 AAA 2.750 1,295 08/19/2013 3133XUTD5 3795 Federal Home Loan Bank 09/24/2009 2,000,000.00 2,003,760.00 2,000,000.00 2.000 AAA 2.000 966 09/24/2012 3133XVHT1 3800 Federal Home Loan Bank 11/10/2009 2,000,000.00 2,003,760.00 2,000,000.00 1.750 AAA 1.750 921 08/10/2012 3133XVHP9 3801 Federal Home Loan Bank 11/16/2009 2,000,000.00 2,003,760.00 2,000,000.00 1.250 AAA 1.250 1,019 11/16/2012 3133XW2N8 3806 Federal Home Loan Bank 12/11/2009 2,000,000.00 2,001,260,00 2,000,000.00 0.750 AAA 0.750 1,044 12/11/2012 3133XVYN5 3807 Federal Home Loan Bank 12/18/2009 2,000,000.00 1,996,260.00 2,000,000.00 1.000 AAA 2.787 1,781 12/18/2014 3136FJY39 3814 Federal Home Loan Bank 01/28/2010 2,000,000.00 2,000,000.00 2,000,000.00 3.050 AAA 3.050 1,822 01/28/2015 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,043,400.00 1,999,086.67 3.375 AAA 3.438 277 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,062,040.00 1,994,769.62 3.250 AAA 3.480 437 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,018,300.00 2,000,000.00 3.250 AAA 3.250 480 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,049,340.00 1,984,607.60 3.700 AAA 4.002 1,026 11/23/2012 3128X8TZ5 3725 Federal Home Loan Mort Corp 04/08/2009 2,000,000.00 2,026,400.00 2,000,000.00 2.500 AAA 2.500 1,162 04/08/2013 3128X8XB3 3729 Federal Home Loan Mort Corp 04/22/2009 2,000,000.00 2,008,480.00 2,000,000.00 1.000 AAA 1.100 1,541 04/22/2014 3128X8XV9 3730 Federal Home Loan Mort Corp 04/27/2009 2,000,000.00 2,005,860.00 2,000,000.00 1.750 AAA 1.750 541 07/27/2011 3128X8S29 3754 Federal Home Loan Mort Corp 06/30/2009 2,000,000.00 2,021,700.00 2,000,000.00 3.000 AAA 3.000 1,610 06/30/2014 3128X9DS6 3786 Federal Home Loan Mort Corp 09/15/2009 2,000,000.00 2,007,440.00 2,000,000.00 3.500 AAA 3.500 1,687 09/15/2014 3128X9VG2 3813 Federal Home Loan Mort Corp 01/29/2010 2,000,000.00 2,003,920.00 2,000,000.00 1.750 AAA 1.750 1,823 01/29/2015 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 2,013.760.00 1,999,637.50 3.050 AAA 3.128 86 04/28/2010 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,078,760.00 1,998,702.22 4.000 AAA 4.022 1,183 04/29/2013 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000,000.00 2,015,000.00 2,000,000.00 2.000 AAA 2.000 725 01/27/2012 3136FH7H2 3781 Fed.Nat'l Mort.Assoc. 08/24/2009 2,000,000.00 2,001,880.00 2,000,000.00 1.800 AAA 1.800 753 02/24/2012 3136FJBM2 3788 Fed.Nat'l Mort.Assoc. 09/15/2009 2,000,000.00 2,006,880.00 2,000,000.00 3.000 AAA 3.000 1,687 09/15/2014 3136FJCJ8 3794 Fed.Nat'l Mort.Assoc. 09/17/2009 2,000,000.00 2,008,760.00 2,000,000.00 2.070 AAA 2.070 1,050 12/17/2012 3136FJQF1 3803 Fed.Nat'l Mort.Assoc. 11/05/2009 2,000,000.00 2,005,620.00 2,000,000.00 1.150 AAA 2.924 1,373 11/05/2013 3136FJZYO 3808 Fed.Nat'l Mort.Assoc. 12/28/2009 2,000,000.00 1,997,500.00 2,000,000.00 1.500 AAA 1.500 970 09/28/2012 31398AB76 3809 Fed.Nat'l Mort.Assoc. 12/28/2009 2,000,000.00 1,999,380.00 1,995,637.50 1.750 AAA 1.827 1,061 12/28/2012 31398AB84 3810 Fed.Nat'1 Mort.Assoc. 12/30/2009 2,000,000.00 1,993,760.00 1,990,368.78 3.000 AAA 3.107 1,793 12/30/2014 3136FJU82 3812 Fed.Nat'l Mort.Assoc. 01/26/2010 2,000,000.00 1,998,760.00 2,000,000.00 1.550 AAA 1.550 906 07/26/2012 Portfolio CITY AP Run Date:02/08/2010-16:15 PM(PRF_PM2)Sym Rept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments January 31, 2010 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 838,709.68 72,000,000.00 72,563,880.00 71,945,108.47 2.528 1,086 Local Agency Investment Funds SYS982 982 Laif City 30,000,000.00 30,000,000.00 30,000,000.00 0.558 NR 0.558 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 0.558 NR 0.558 1 Subtotal and Average 30,004,230.56 60,000,000.00 60,000,000.00 60,000,000.00 0.558 1 Medium Term Notes 06050BAJO 3734 Bank of America FDIC Insured 04/30/2009 2,000,000.00 2,053,400.00 2,025,221.52 2.375 Aaa 1,830 872 06/22/2012 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,067,000.00 1,987,096.56 4.200 Aa 5.023 317 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,037,160.00 1,996,119.43 2.000 Aaa 2.093 788 03/30/2012 17313YAB7 3739 Citigroup FDIC Insured 05/05/2009 2,000,000.00 2,018,080.00 1,999,634.28 1.375 Aaa 1.390 458 05/05/2011 36967HBB2 3805 GE Capital FDIC Insured 11/03/2009 2,000,000.00 2,026,160.00 2,014,451.16 2.000 Aaa 1.720 970 09/28/2012 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,047,780.00 2,022,564.53 2.250 Aaa 1.701 770 03/12/2012 36967HAHO 3735 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,042,600.00 2,015,924.81 2.200 Aaa 1.850 858 06/08/2012 36186CBF9 3763 GMAC FDIC Insured 06/30/2009 2,000,000.00 2,031,960.00 1,991,157.47 2.200 Aaa 2.361 1,052 12/19/2012 36185JAA7 3804 GMAC FDIC Insured 11/03/2009 2,000,000.00 2,007,940.00 1,998,200.15 1.750 Aaa 1.784 1,002 10/30/2012 38146FAF8 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000,000.00 2,025,980.00 2,004,977.34 1.625 Aaa 1.450 529 07/15/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000,000.00 2,043,420.00 2,019,752.07 2.200 Aaa 1.770 865 06/15/2012 49328CAA3 3770 Key Bank FDIC Insured 06/30/2009 2,000,000.00 2,090,380.00 2,054,992.79 3.200 Aaa 2.000 865 06/15/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000.00 2,041,460.00 2,019,622.30 2.000 Aaa 1.390 598 09/22/2011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 1,012,980.00 1,003,109.14 1.800 Aaa 1.660 834 05/15/2012 Subtotal and Average 4,012,837.60 27,000,000.00 27,546,300.00 27,152,823.55 2.011 768 Commercial Paper Disc.-Amortizing 36959JBC6 3815 General Electric Capital Corp 01/29/2010 8,000,000.00 7,999,600.00 7,999,755.56 0.100 P-1 0.101 11 02/12/2010 Subtotal and Average 774,167.74 8,000,000.00 7,999,600.00 7,999,755.56 0.101 11 Money Market Acct SYS3802 3802 Union Bank-US Gov't MMF 10/22/2009 2,418,489.23 2,418,489.23 2,418,489.23 0.050 Aaa 0.050 1 SYS3789 3789 Union Bank-US Trea MMF 0.00 0.00 0.00 0.020 Aaa 0.020 1 Subtotal and Average 7,502,786.13 2,418,489.23 2,418,489.23 2,418,489.23 0.050 1 Portfolio CITY AP Run Date.02/08/2010-16:15 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Investments January 31, 2010 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 43,132,731.72 169,418,489.23 170,528,269.23 169,516,176.81 1.598 585 Portfolio CITY AP Run Date:02/08/2010-16:15 PM(PRF_PM2)SymRept 6.42 City of FiB Portfolio Management Page 5 Portfolio Details - Cash January 31, 2010 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 5,250.00 5,250.00 0 Subtotal 5,250.00 5,250.00 Total Cash and Investments 171,370,134.78 169,418,489.23 170,533,519.23 169,521,426.81 1.598 585 Portfolio CITY AP Run Date:02/08/2010-16:15 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Activity By Type Page s January 1, 2010 through January 31, 2010 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133XNX46 3607 Federal Home Loan Bank 4.200 01/15/2010 0.00 2,000,000.00 3133XNZC6 3610 Federal Home Loan Bank 4.150 01/29/2010 0.00 2,000,000.00 3136FJY39 3814 Federal Home Loan Bank 3.050 01/28/2010 2,000,000.00 0.00 3128X9VG2 3813 Federal Home Loan Mort Corp 1.750 01/29/2010 2,000,000.00 0.00 3136FJU82 3812 Fed.Nat'l Mort.Assoc. 1.550 01/26/2010 2,000,000.00 0.00 Subtotal 6,000,000.00 4,000,000.00 71,945,108.47 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.558 36,968.08 36,038.92 SYS2206 2206 LAIF-Redevelopment Agency 0.558 45,741.03 45,741.03 Subtotal 82,709.11 81,779.95 60,000,000.00 Medium Term Notes Subtotal 27,152,823.55 Commercial Paper Disc.-Amortizing 36959JAV5 3811 General Electric Capital Corp 0.110 01/08/2010 9,499,390.42 0.00 36959JAV5 3811 01/29/2010 0.00 9,500,000.00 36959JBC6 3815 General Electric Capital Corp 0.100 01/29/2010 7,999,688.89 0.00 Subtotal 17,499,079.31 9,500,000.00 7,999,755.56 Money Market Acct (Monthly Summary) SYS3802 3802 Union Bank-US Gov't MMF 0.050 9,340,199.01 12,228,000.00 Subtotal 9,340,199.01 12,228,000.00 2,418,489.23 Total 32,921,987.43 25,809,779.95 169,516,176.81 Portfolio CITY AP Run Date:02/08/2010-16:15 PM(PRF_PM3)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary January 2009 through January 2010 Yield to Maturity _ Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity January 2009 79 209,134,703.76 2.811 2.850 2.046 8 6 628 466 February 2009 74 207,184,404.24 2.676 2.713 1.869 1 6 585 417 March 2009 73 199,977,655.16 2.626 2.663 1.822 4 5 597 414 April 2009 83 203,124,393.45 2.393 2.427 1.607 14 4 637 457 May 2009 80 228,319,866.33 2.313 2.345 1.530 5 8 596 406 June 2009 77 221,774,096.95 2.109 2.138 1.377 27 30 590 414 July 2009 63 206,333,931.37 2.075 2.104 1.035 4 18 635 435 August 2009 53 185,785,442.19 1.748 1.772 0.925 16 26 616 451 September 2009 50 173,226,879.22 1.902 1.929 0.750 9 12 762 594 October 2009 49 150,346,976.41 1.888 1.914 0.646 1 2 788 600 November 2009 51 146,822,868.24 1.847 1.873 0.611 5 3 809 627 December 2009 53 151,113,246.79 1.670 1.693 0.569 5 3 762 599 January 2010 55 171,370,134.78 1.576 1.598 0.558 5 3 741 585 Average 65 188,695,583.62 2.126% 2.155% 1.180 8 10 673 497 Portfolio CITY AP Run Date:02/08/2010-16:15 PM(PRF_PM4)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type January 2009 through January 2010 January February March April May June July August September October November December January Average Security Type 2009 2009 2009 2009 2009 2009 2009 2009 2009 2009 2009 2009 2010 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 57.3 56.2 54.9 52.4 48.6 49.3 45.1 37.5 44.1 44.1 44.8 43.1 42.4 47.7% Local Agency Investment Funds 26.9 29.4 29.6 22.6 26.7 27.1 31.2 31.1 38.9 38.5 34.8 36.9 35.4 31.5% Treasury Securities-Coupon 2.9 3.0 3.0 2.7 2.7 2.7 3.1 1.5% Medium Term Notes 0.9 1.0 2.0 7.3 8.5 10.5 12.1 12.7 15.0 15.7 18.5 16.7 16.0 10.5% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 10.9 9.3 9.4 9.5 8.0 6.8 3.3 4.7 4.8% Federal Agency Disc.-Amortizing 1.1 1.2 1.2 5.6 5.5 3.8 7.9 15.4 3.2% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Money Market Acct 0.5 2.0 1.8 1.9 3.3 1.4 0.8% Rolling Repurchase Agreements Portfolio CITY AP Run Date:02/08/2010-16:15 PM(PRF_PM5)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 9 Interest Earnings Summary January 31, 2010 January 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 175,750.00 939,827.61 Plus Accrued Interest at End of Period 507,753.03 507,753.03 Less Accrued Interest at Beginning of Period ( 489,280.82) ( 632,384.47) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 194,222.21 815,196.17 Adjusted by Premiums and Discounts -2,407.33 -15,244.00 Adjusted by Capital Gains or Losses 0.00 -18,331.21 Earnings during Periods 191,814.88 781,620.96 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 82,908.12 217,848.52 Plus Accrued Interest at End of Period 30,820,99 30,820.99 Less Accrued Interest at Beginning of Period ( 84,970.63) ( 136,845.63) Interest Earned during Period 28,758.48 111,823.88 Total Interest Earned during Period 222,980.69 927,020.05 Total Adjustments from Premiums and Discounts -2,407.33 -15,244.00 Total Capital Gains or Losses 0.00 -18,331.21 Total Earnings during Period 220,573.36 893,444.84 Portfolio CITY AP Run Date:02/08/201 0-16:15 PM(PRF_PM6)SyrnRept 6.42 Report Ver.5.00 Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Office of the City Treasurer January 2010 Cash Receipts and Disbursements December 2009 January 2010 Receipts Property Tax Receipts 26,350,344 15,289,809 Utility Tax Receipts (UUT) 1,731,601 1,729,333 Sales Tax Receipts 1,915,762 1,306,700 1/2 Cent Safety Sales Tax Receipts 147,481 123,989 Highway Users Tax Receipts (HUT) 0 (1) 0 (1) Transient Occupancy Tax Receipts (TOT) 291,335 266,439 All Other Receipts 15,376,627 25,337,581 Subtotal Receipts 45,813,150 44,053,851 Disbursements Other Disbursements (27,040,490) (36,712,925) Net Change in Cash Flow 18,772,660 7,340,926 Summary of Cash by Fund December 2009 January 2010 General Fund 25,815,715 41,147,523 Government Funds 959,075 1,040,827 Capital Funds 17,167,600 17,428,069 Debt Service Funds 10,251,679 9,462,311 Enterprise Funds 93,210,302 86,786,697 Fiduciary Funds 683,540 2,142,645 Special Revenue Funds 15,047,101 12,187,953 163,135,012 170,196,025 (1) The State of California is deferring HUT receipts from November to March until April 2010. *Total cash will differ from investment portfolio total due to outstanding checks and/or other timing Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts&Disbursements.xls January 2010 State of California Pooled Money Investment Account Market Valuation 1/31/2010 Carrying Cast Plus; r Description accrued Interest.Pulrch;: Fair Value Accrued Interest �.. United States Treasury: Bills $ 20,173,855,199.37 $ 20,222,278,150.00 NA Notes $ 7,159,637,772.96 $ 7,198,563,500.00 $ 14,776,650.50 Federal Agency: SBA $ 552,016,476.54 $ 543,149,082.55 $ 590,616.14 MBS-REMICs $ 863,063,283.15 $ 913,600,049.97 $ 4,101,489.27 Debentures $ 1,609,299,600.31 $ 1,620,836,020.00 $ 9,281,571.74 Debentures FIR $ 1,649,967,025.26 $ 1,650,151,000.00 $ 422,021.60 Discount Notes $ 8,312,516,085.84 $ 8,326,591,500.00 NA FHLMC PC $ - $ - $ - GNMA $ 103,457.51 $ 115,755.24 $ 1,019.15 IBRD Deb FIR $ 300,000,000.00 $ 301,239,000.00 $ 27,643.00 CDs and YCDs FIR $ - $ - $ - Bank Notes $ - $ - $ - CDs and YCDs $ 5,475,048,838.70 $ 5,475,399,398.50 $ 1,781,881.96 Commercial Paper $ 5,447,687,056.74 $ 5,448,504,340.29 NA Corporate: Bonds FIR $ 188,823,681.11 $ 188,684,325.36 $ 131,277.73 Bonds $ - $ - $ - Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ Time Deposits $ 4,150,300,000.00 $ 4,150,300,000.00 NA NOW Account $ - $ - NA AB 55&GF Loans $ 11,982,712,173.81 $ 11,982,712,173.81 NA TOTAL $ 67,865,030,651.30 $ 68,022,124,295.72 $ 31,114,171.09 Fair Value Including Accrued Interest $ 68,053,238,466.81 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, 2009 Summary of investments by type Market Value Market Value Par Value Investment Type as of 11/30/09 as of 12/31/09 $3,602,131 Local Agency Investment Fund (LAIF) $3,602,131 $3,602,131 $0 Federal Agency Issues $0 $0 $6,797,204 Investment Agreements $6,797,204 $6,797,204 $2,770,527 Money Market Funds $2,770,308 $2,770,527 $0 US Treasury Securities $0 $0 $13,169,862 $13,169,643 $13,169,862 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 11/30/09 as of 12/31/09 $1,159 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $1,159 $1,159 $2,199,775 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,199,774 $2,199,775 $1,649,396 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,396 $1,649,396 $508,369 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $508,368 $508,369 $2,043,351 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,349 $2,043,351 $2,621,450 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,621,342 $2,621,450 $1,260,437 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,260,385 $1,260,437 $172,794 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $172,794 $172,794 $1,394,372 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,394,314 $1,394,372 $758,446 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $758,446 $758,446 $560,313 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $560,316 $560,313 $0 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $0 $0 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $13,169,862 $13,169,643 $13,169,862 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2009 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (9-30-09) (12-31-09) ICMA Retirement Corporation (457 Plan) $25,730,929 $663,765 ($505,803) $952,106 ($999) $26,839,998 ICMA Retirement Corporation (401 Plan) $983,062 $26,398 ($2,707) $25,039 $0 $1,031,792 Nationwide Retirement Solutions (457 Plan)* $51,212,136 $1,506,970 ($1,344,496) $1,282,194 ($550) $52,656,254 Total Deferred Compensation Plan Balances $76,056,784 $2,197,133 ($1,853,006) $2,259,339 ($1,549) $78,658,701 ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information as of December 31, 2009 Beginning Balance Contributions Distributions/ Earnings Other Ending (9-30-09) Transfers (change in value) Balance (12-31-09) CaIPERS Retiree Medical Trust Account $7,930,115 $138,013 $269,938 ($644) $8,337,422 ATTACHMENT #5 City of Huntington Beach Supplemental Pension Trust Information as of December 31, 2009 Beginning Balance Contributions/ Distributions/ Earnings Other Ending (9-30-09) Dividends Transfers (change in value) Balance (12-31-09) Supplemental Pension Trust Account $24,908,665 $200,722 $297,631 ($49) $25,406,969 ATTACHMENT #6 Treasurer's Report o Shari L. Freedenr®ch, CPA, CC MT, CPFA, CPFI JE-Inuarly, Treasurer' s �A r 4' A f `3 4�t Shari L . Freidenrich , CPA, CCMT, CPFA, March 15, 2010 Treasurer's Report m har' L. Freidenr®ch, CPA, CCMT, C FA, C FI in 00®s Financial Information: December January Inc./(Dec.) End of Month City Portfolio $162.406 $169.516 $7.1.10 End of Month Market Value $163.048 $170.528 $7.480 Interest Earned for Month $0.207 $0.221 $0.014 Earned Interest Yield Year to Date 1 .79% 1 .71% Average Maturity ( in days) 599 585 (14) YTD Average Daily Balance $149.456 $154.979 $5.523 $ on 000®s Change YTD Bgt. From Same % Change % Change Receipts '�hru January 2010 Month Last From Last From Prior Property Tax Receipts Total $1 ,515 11 .0% $67 0.1 % 3.0% - Property Tax Receipts GF $1 ,276 9.7% $8 0.0% 4.8% - 1 % Sales Tax Receipts $237 (15.3% $310 8.8% 4.0%) - 1/2 Cent Sales Tax ($20) (13.6%) $51 ) (15.9%) 0.8%) Utility Users Tax ($22) (1 .2%) ($216) (4.1 %) 5.1 % '` Transient Occupancy Tax ($12) (4.2% $150) (13.4%) (0.4% �� `' Highway Users Tax * $0 0.1% $4 0.5% 72.4% -- Real Property Transfer Tax Foreclosures 10 47.6% 17 17.5% n/a xM * HUT receipts from November- March are being deferred by the state until April 2010. ** January payment not received, data only reflects receipts through November 2009. Difference between YTD % and Budget % is equal to or greater than 0% - ® Difference between YTD % and Budget % is between (5%®) and 0% ` Difference between YTD % and Budget % is greater than (5%) RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's January 2010 Investment Summary Report COUNCIL MEETING DATE: March 15, 2010 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 Attorne ) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorne ) 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 EKPLAHATIOH FOR NWNG ATTACHMENTS n REVIEWED RETURNED: FORWj , ®ED Administrative Staff Deputy City Administrator (initial) ( ) City Administrator (initial) ) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: ® • RCA Author: SLF