HomeMy WebLinkAbout2013 City Treasurer - Investment Summary Report _j /
b . Dept.ID CT 14-002 Page 1 of 1
Meeting Date:2/3/2014
CITY OF HUNTINGTON BEACH
REQUEST FOR. CITY COUNCIL ACTION.
MEETING DATE: 2/3/2014
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Fred A. Wilson, City Manager
PREPARED BY: Alisa Cutchen, City Treasurer
SUBJECT: Receive and file the City Treasurer's December 2013 Quarterly Investment
Summary Report
Statement of Issue:
Receive and file the City Treasurer's Quarterly Investment Report for December 2013, pursuant to
Section 17.0 of the Investment Policy of the City of Huntington Beach.
Financial Impact:
Not Applicable.
Recommended Action:
Receive and file the Quarterly Investment Report for December 2013, pursuant to Section 17.0 of
the Investment Policy of the City of Huntington Beach.
Alternative Action(s):
Deny or critique Quarterly Report.
Analysis:
Not Applicable.
Environmental Status:
Not Applicable.
Strategic Plan Goal:
Improve long-term financial sustainability. Enhance economic development.
Attachment(s):
1. Treasurer's Quarterly Investment Report for December 2013
2. Treasurer's PowerPoint Presentation for December 2013
H - - Item 1. - 1
ATTACHMENT # 1
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City of Huntington each
Treasurer's Investment Report
Period Ending: December 31, 2013
Prepared by. Alisa Cutchen, City Treasurer
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Item 1. - 2 FIB - -
Economic and Market Overview:
The following is an excerpt from Citibank's Economic Research "U.S. Economics Weekly.
Market and Policy Comments,"January 3, 2014:
The closing weeks of 2013 witnessed a string of positive economic reports along with continued
bullish trends in credit and equity markets. Together, these developments have bolstered
optimism that the economy's performance in 2014 will break the pattern of recurring
disappointments that have defined four years of recovery. Growth in the second half of 2013
now appears to have easily topped 3% amid powerful gains in consumer discretionary and
business spending. Weaker government outlays and possible temporary weather-related losses
are the only blemishes on an accelerating growth story. Although recovery received one-off
boosts last year from the end of the drought and the bounce back from Hurricane Sandy, overall
resilience in the face of fiscal drag suggests gathering momentum into the new year. Despite
higher than expected interest rates at year end, continued improvements in credit and equity
markets have lifted overall financial conditions.
Portfolio Overview:
As of December 31, 2013:
%of YTM
Investment Type Market Value Book Value Portfolio 365_day
Federal Agency Issues 113,691,962 114,847,589 65.63% 1.08%
Local Agency Investment Fund (LAIF) 23,225,655 23,225,655 13.41% 0.26%
Corporate Bonds 36,313,016 36,422,499 20.87% 0.86%
Subtotal investments* 173,230,633 174,495,743 100% 0.93%
Cash in Bank 30,884,734 30,884,734
Total Portfolio 204,115,367 205,380,477 Policy Limit
Federal Agency Issues 55.9% None
Local Agency Investment Fund (LAIF) 11.3% $50 million
Corporate Bonds 17.7% 20%
* Matches Sympro Report of 12/31/13
As of December 31, 2013, the market value of the investment portfolio was $173.2 million, with
a book value of $174.5 million. Additionally, on December 31, 2013, there was a balance of
approximately $30.9 million in the City's bank account due to tax funds received in December.
This brought the total book value of the investments and cash and investments to $205.4
million. The investment of this cash is in process. On December 26, 2013, $5.2 million in
corporate bonds were purchased. These were purchased with the knowledge that $2 million in
similar corporate bonds would mature on January 7, 2014.
21Paae
HB -9- Item 1. - 3
The portfolio is invested in only those investments allowable by State regulations and the City's
Investment Policy. Such investments are purchased to meet the portfolio objectives of
preservation of principal, maintenance of sufficient operating liquidity, and to attain a market rate
of return throughout budgetary and economic cycles, in that order of absolute priority.
Currently, City funds are invested in Federal Agency Securities, Corporate Notes and the State
of California's Local Agency Investment Fund (LAIF). The four federal government sponsored
entities (agencies) that the City purchases the securities from are: Federal Home Loan Bank
(FHLB), Federal Home Loan Mortgage Corporation (FHLMC/Freddie Mac), Federal National
Mortgage Association (FNMA/Fannie Mae) and Federal Farm Credit Bank (FFCB/Farm Credit).
Corporate notes are Obligations of, corporations. All corporate ate notes are "A" rated or its
equivalent or better, per the City's Investment Policy. LAW offers local agencies the opportunity
to participate in a major portfolio with overnight liquidity managed by the State of California
Treasurer's Office (please see http://www.treasurer.ca.gov/pmia-laif for more information). LAIF
has been utilized for the City's liquidity portfolio as the yield received at this time is greater than
that of similar liquid investments, such as money market accounts, short-term Treasury Bills,
and commercial paper.
Investments— Book Value
$ in millions
$250 -
i
$195.7 $203.7 V
$zoo $194.7f:
$179 7 r> $186.7 $186.0 $185.7
162.5f $170.7 $174.5
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The book value of the investment portfolio was $174.5 million as of December 31, 2013. The
balance fluctuates with the seasonal and budgetary operational needs of the City.
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Item 1. - 4 FIB - 0-
Portfolio Earnings and Performance:
Monthly Earnings $102,091
Interest: $122,763
Adj. Premiums/Discounts -$20,671
Capital Gains: $0
Monthly Budgeted Interest Income $100,000
?orthI.Effective Rate of Rgt6.:rn v.73?lr,
Fiscal YTD Earnings $318,907
Fiscal YTD Budget $300,000
Fiscal YTD Effective Rate of Return 0.7016
Benchmark(1) 0.29%
Approx.Cash in Bank $31 million
(1)Benchmark: The average ofthe monthly LAIF rate and the 12-month rollingaverage 2-year
Constant Maturity Trea s u ry(CMT)rate, per Investment Policy statement.
Monthly investment earnings for December, 2013, were $102,091. The monthly effective rate of
return was 0.73%, with a fiscal year-to-date effective rate of return of 0.75%.
The portfolio yield overall continues to decline as expected, due to the historically low interest
rates. It is anticipated that the portfolio yield will remain at these low levels and that it will take
some time for portfolio yields to increase, even as interest rates begin to move upward, as
existing securities will continue to remain in the portfolio until maturity, unless they are sold.
Portfolio Activity:
Monthly Activity: For the month ending December 31, 2013, federal agency redemptions
(matured/called/sold) totaled $5MM and there were no corporate bonds redeemed. Total
purchases for the month consisted of $13.6MM in federal agency securities and $5.2MM in
corporate bonds.
Quarterly Activity: For the quarter ending December 31, 2013, a total of $35MM in federal
agency securities were redeemed and no corporate bonds matured. Purchases for the quarter
totaled $13.6MM in federal agency securities and $10MM in corporate bonds.
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� � _ Item 1. - 5
Compliance:
The portfolio is in conformity with all relevant State regulations and the City's Investment Policy
statement filed with the City Council on November 5, 2012. 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.
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Item 1. - 6 1413 . 2
Additional Information:
Retirement Plan Information as of September 30, 2013:
(Due to the delay in statement receipt, information is from previous quarter.)
City of Huntington Beach-Pension/Trust Plans -Market Value Summary
Deferred Compensation Plan Summary Information
as of September 30,2013
Beginning Contributions Distributions/ Earnings Other Fees/ Ending
Balance Transfers (change in Adjustments Balance
(7-1-13) value) (9-30-13)
Gain/Loss/
Reporting is Quarterly Interest
ICMA Retirement Corporation(457 Plan) $34,838,024 $489,200 ($451,396) $1,630,468 ($2,929) $36,603,367
Nationwide Retirement Solutions(457 Plan) $63,625,793 $915,489 ($1,156,438) $2,582,399 ($825) $65,966,418
Total Deferred Compensation Plan Balances $98,463,817 $1.404.689 ($1,607.834) 54,212,867 (53,754) $102,469.785
City of Huntington Beach
Retiree Medical Trust Sumriary Information
as of September 30,2013
Beginning Contributions Distributions/ Earnings Other Fees/ Ending
Balance Transfers (change In Adjustments Balance
Reporting is Quarterly (7-1-13) value) (9-30-13)
CaIPERS Retiree Medical Trust Account 512,093.915 $0 $0 $381,913 ($4.643) $12,471,185
City of Huntington Beach
Supplemental Pension Trust Summary Information(monthly reporting,not quarterly)
as of September 30,2013
Beginning Employer Interest$ Realized Change in Other Trust Fees/ Ending
Balance Contributions Dividends Gain/Loss Unrealized Adjustments Balance
Plus Net Gains/Losses (9-30-13)
(9-1-13) Accrued
Reporting is Monthly Income
Supplemental Pension Trust Account $36,614,441 $0 $64,054 $389,398 $901,249 ($4,854) $37,964,288
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FM - - Item 1. - 7
Bond Reserve Accounts - Balances as of December 31, 2013:
Summary of Investments by Bond_Issue
As of December 31,2013
Value as of
Bond Issue December 31,2013
City of Huntington Beach-2004Judgment Obligation Bonds(Property Tax Refunds) 1,159
Huntington Beach Public Financing Authority Lease Refunding Bonds 2010Series A 1,242,985
Huntington Beach Public Financing Authority Lease Revenue Refunding Bonds 2011Series A 3,011,629
Redevelopment Agency of Huntington Beach-1999Tax Allocation Refunding Bonds(1/3 of 1992) 754,471
Redevelopment Agency of Huntington Beach-2002Tax Allocation Refunding Bonds(2/3 of 1992) 1,659,527
Huntington Beach Community Facilities District No.1990-12001 Special Tax Bonds(Goldenwest-Ellis) 172,737
Huntington Beach Community Facilities District No.2OW12013 Special Tax Bonds(Grand Coast-Hyatt) 1,102,420
Huntington Beach Community Facilities District No.2002-12002 Special Tax Bonds(McDonnell Centre Business Park) 492,792
Huntington Beach Community Facilities District No.2003-12013 Special Tax Bonds (Huntington Center-Bella Terra) 1,699,707
10,137,425
7 Wage
Item 1. - 8 HB - -
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City of Huntington Beach
City of 8-I13
2000 Main St.
Huntington Beach,
Portfolio Management
2CF��bNTY cP Portfolio Summary
October 31, 2013
Par Market Book %of Days to YTM YTM
Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv.
Federal Agency Issues-Coupon 121,275,862.07 120,636,758.62 121,245,912.82 71,03 1,598 1,279 0.912 0.925
Local Agency Investment Funds 23,225,654.78 23,225,654.78 23,225,654.78 13.61 1 1 0.253 0.257
Corporate Bonds 25,960,000.00 26,200,143.60 26,236,572.59 15.37 1,114 714 0.853 0.865
170,461,516.85 170,062,557.00 170,708,140.19 100.00% 1,306 1,018 0.813 0.825
Investments
Cash and Accrued Interest
Accrued Interest at Purchase 2,083.33 2,083.33
Subtotal 2,083.33 2,083.33
Total Cash and Investments 170,461,516.85 170,064,640.33 170,710,223.52 1,306 1,018 0.813 0.825
' Total Earnings October 31 Month Ending Fiscal Year To Date Fiscal Year Ending
Current Year 115,071.91 115,071.91
Current Budget 100,000.00 100,000.00 1,200,000.00
Last Year Actual 112,000.00 112,000.00 1,344,000.00
Average Daily Balance 179,253,024.68 179,253,024.68
Effective Rate of Return 0.76% 0.76%
1 certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 5,2012. 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 Intera 've Data Corporation.
Alisa Cutchen,CITY TREASURER
ear Reporting period 10101/2013-10/31/2013 Portfolio CITY
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Portfolio Details -Investments
October 31,2013
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
3133EAUE6 3932 Federal Farm Credit Bank 06/14/2012 5,000,000.00 5,000,350.00 5,000,000.00 0.875 AA 0.875 956 06/14/2016
3133EAUE6 3933 Federal Farm Credit Bank 06/14/2012 5,000,000.00 5,000,350.D0 5,000,000.00 0.875 AA 0.875 956 06/14/2016
3133EAJ33 3942 Federal Farm Credit Bank 08/15/2012 5,000,000.00 5,000,300,00 4,998,256.94 0.730 AA 0.743 1,018 08/15/2016
3133EAP77 3944 Federal Farm Credit Bank 08/27/2012 5,000,000.00 5,000,250,00 5,000,000.00 0.480 AA 0.480 664 08/27/2015
31338051<9 3941 Federal Home Loan Bank 08/08/2012 3,275,862.07 3,276,058.62 3,275,528.66 0.720 AA 0.724 1,011 O8/08/2016
313381M44 3953 Federal Home Loan Bank 12/28/2012 5,000,000.00 4,985,050.00 5,000,000.00 0.650 AA 0.650 1,153 12/28/2016
3134G3LU2 3925 Federal Home Loan Mort Corp 02/14/2012 5,000,000.00 5,012,550.00 5,000,000.00 1.050 AA 1.316 1,201 02/14/2017
3134G3690 3940 Federal Home Loan Mort Corp 08/15/2012 5,000,000.00 4,958,250.00 5,000,000.00 0.875 AA 0.875 1,383 08/15/2017
3134G33134 3952 Federal Home Loan Mort Corp 01/11/2013 5,000,000.00 4,896,250.00 5,000,000.00 1.000 AA 1.000 1,532 01/11/2018
3134G47G7 3980 Federal Home Loan Mort Corp 06/26/2013 5,000,000.00 4,956,300.00 5,000,000.00 1.400 AA 1.400 1,698 06/26/2018
3136GOMK4 3931 Fed.Nat`l Mort.Assoc. 06/21/2012 5,000,000.00 5,005,800.00 5,000,000.00 1.000 AA 0.301 1,328 06/21/2017
3135GORK1 3945 Fed.Nat'l Mort.Assoc. 11/07/2012 5,000,000.00 4,938,850.00 5,000,000.00 0.900 AA 0.900 1,467 11/07/2017
3136G07K1 3947 Fed.Nat'I Mort.Assoc. 12/07/2012 5,000,000.00 4,954,100.00 5,000,000.00 0.700 AA 1.002 1,496 1210MO17
3136G17E3 3950 Fed.Nat'l Mort.Assoc. 12/26/2012 5,000,000.00 4,973,800.00 5,000,000.00 0.650 AA 1.042 1,516 1212MO17
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3136G1A66 3951 Fed.Nat'l Mort.Assoc. 12/26/2012 5,000,000.00 4,986,950.00 5,000,000.00 0.700 AA 1.053 1,516 12/26/2017
3135GOSB0 3954 Fed.Nat'l Mort.Assoc. 12/21/2012 5,000,000.00 4,996,100.00 4,993,084.26 0.375 AA 0.440 780 12/21/2015
3136G1AY5 3955 Fed.Nat'l Mort.Assoc. 01/30/2013 5,000,000.00 4,995,050.00 5,000,000.00 0.750 AA 1.078 1,551 01/30/2018
3136G1CJ6 3957 Fed.Nad Mort.Assoc. 02/21/2013 5,000,000.00 4,891,200.00 5,000,000.00 0.750 AA 1.193 1,573 02/21/2018
3135G1E62 3961 Fed.NO Mort.Assoc. 02/25/2013 5,000,000.00 4,995,250.00 5,000,000.00 0.600 AA 0.600 1,028 08/25/2016
3136G1FB0 3963 Fed.Nat'l Mort.Assoc. 02/28/2013 5,000,000.00 4,991,450.00 5,000,000.00 0.750 AA 1.435 1,580 0228/2018
3136G1EP0 3964 Fed.Natl Mort.Assoc. 03/12/2013 5,000,000.00 4,892,900.00 5,000,000.00 1.100 AA 1.100 1,592 03/12/2018
3135GOYA5 3978 Fed,Nat'l Mort.Assoc. 06/19/2013 5,000,000.00 4,998,500.00 5,000,000.00 0.750 AA 0.750 1,144 12/19/2016
3136G1NB1 3979 Fed.Nat'l Mort.Assoc. 06/19/2013 5,000,000.00 4,923,050.00 4,980,974.98 0.800 AA 0.907 1,326 06/19/2017
3136G1 RR2 3982 Fed.NO Mort.Assoc. 08/19/2013 5,000,000.00 5,006,250.00 4,998,068.00 0.650 AA 0.667 840 02/19/2016
3136G1TE9 3983 Fed.Nat'l Mort.Assoc. 08/28/2013 3,000,000.00 3,001,800.00 3,000,000.00 1.000 AA 2.114 1,761 08/282018
Subtotal and Average 129,793,908.00 121,275,862.07 120,636,758.62 121,245,912.82 0.925 1,279
Local Agency Investment Funds
SYS982 982 Laif City 23,225,654.78 23,225,654.78 23,225,654.78 0.257 0.257 1
Subtotal and Average 23,214,781.09 23,225,654.78 23,225,654.78 23,225,654.78 0257 1
Corporate Bonds
037833AJ9 3976 Apple Inc. 05/28/2013 3,000,000.00 2,913,210.00 2,980,261.86 1.000 AA 1.151 1,644 05/03/2018
084664AT8 3895 Berkshire Hathaway Fin 08/26/2011 1,310,000.00 1,378,788.10 1,363,188,11 4.850 AA 1.390 440 01/15/2015
149121-4Y4 3930 Caterpillar Financial Corp. 05/30/2012 2,000,000.00 2,015,900.00 2,004,733.20 1.125 A 0.911 409 1211MO14
149121-5139 3936 Caterpillar Financial Corp. 08/03/2012 3,000,000.00 3,025,830.00 3,027,203.62 1.100 A 0.520 574 05/29/2015
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Portfolio Details -Investments
October 31, 2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date
Corporate Bonds
36962G4X9 3906 General Electric Capital Corp 09/29/2011 2,000,000.00 2,006,440.00 2,001,899.32 2.100 AA 1.570 67 01/07/2014
36962G4G6 3949 General Electric Capital Corp 12/14/2012 1,650,000.00 1,706,875.50 1,701,314.26 3.750 AA 0.722 378 11/14/2014
36962G6R0 3956 General Electric Capital Corp 01/25/2013 2,000,000.00 2,008,760.00 2,000,858.81 1.000 AA 0.980 798 01/08/2016
24422ERK7 3937 John Deere Capital 08/03/2012 3,000,000.00 3,027,420.00 3,025,403.35 1.250 A 0.465 396 12/02/2014
24422ERS0 3948 John Deere Capital 12/11/2012 2,000,000.00 2,014,860.00 2,012,507.19 0.950 A 0,570 605 06/29/2015
674599CB9 3977 Dccidental Petroleum 05/28/2013 3,000,000.00 3,043,080.00 3,066,629.89 1.750 A 1.055 1,202 02/15/2017
931142CX9 3943 Wal-Mart Stores 08/14/2012 3,000,000.00 3,058,980.00 3,052,572.98 1.500 AA 0.606 723 10/25/2015
Subtotal and Average 26,244,335.60 25,960,000.00 26,200,143.60 26,236,572.59 0.865 714
Total and Average 179,253,024.68 170,461,516.85 170,062,557.00 170,708,140.19 0.825 1,018
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Portfolio Details -Cash
October 31, 2013
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 2,083.33 2,083.33 0
Subtotal 2,083.33 2,083.33
Total Cash and Investments 179,253,024.68 170,461,516.85 170,064,640.33 170,710,223.52 0.825 1,018
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Activity By Type
October 1, 2013 through October 31, 2013
Stated Transaction Purchases Redemptions
CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance
Federal Agency Issues-Coupon
3134G3FC9 3920 Federal Home Loan Mort Corp 1.000 10/16/2013 0.00 5,000,000.00
3134G3KC3 3922 Federal Home Loan Mort Corp 1.000 10/16/2013 0.00 5,000,000.00
3134G4CU0 3981 Federal Home Loan Mort Corp 0.500 10/24/2013 0.00 5,000,000.00
Subtotal 0.00 15,000,000.00 121,245,912.82
Local Agency Investment Funds (Monthly Summary)
SYS982 982 Laif City 0.257 24,077.46 0.00
Subtotal 24,077.46 0.00 23,225,654.78
Corporate Bonds
Subtotal 26,236,572.59
Total 24,077.46 15,000,000.00 170,708,140.19
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Activity Summary
October 2012 through October 2013
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 2012 35 163,378,685.54 0.968 0.981 0.348 1 2 1,283 1,071
November 2012 36 161,479,959.57 0.963 0.976 0.324 1 0 1,299 1,068
December 2012 35 160,292,718.24 0.903 0.915 0.326 7 8 1,340 1,159
January 2013 34 182,030,048.28 0.755 0.765 0.300 3 4 1,102 959
February 2013 37 183,986,101.22 0.756 0.767 0.286 4 1 1,125 983
March 2013 37 186,749,407.36 0.782 0.793 0.285 1 1 1,193 1,026
April 2013 37 186,686,547.88 0.777 0.788 0.264 0 0 1,193 1,002
May 2013 37 185,019,750.49 0.781 0.792 0.245 2 2 1,205 995
June 2013 39 186,325,484.36 0.782 0.793 0.244 3 2 1,207 998
July 2013 39 192,214,287.10 0.789 0.800 0.267 1 1 1,196 968
August 2013 41 198,208,053.41 0.806 0.817 0.271 2 0 1,198 955
September 2013 40 199,307,438.40 0.843 0.854 0.257 0 1 1,296 1,021
October 2013 37 179,253,024.68 0.813 0.825 0.257 0 3 1,306 1,018
tea Average 37 181,886,664.06 0.824% 0.836% 0.283 2 2 1,226 1,017
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Interest Earnings Summary
October 31, 2013
October 31 Month Ending Fiscal Year To Date
CD/Coupon/Discount Investments:
Interest Collected 54,444.44 54,444.44
Plus Accrued Interest at End of Period 417,986.13 417,986.13
Less Accrued Interest at Beginning of Period ( 349,916.97) ( 349,916.97)
Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
Interest Earned during Period 122,513.60 122,513.60
Adjusted by Premiums and Discounts -15,758.87 -15,758.87
Adjusted by Capital Gains or Losses 3,250.00 3,250.00
Earnings during Periods 110,004.73 110,004.73
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 24,077.46 24,077.46
Plus Accrued Interest at End of Period 7,248.47 7,248.47
Less Accrued Interest at Beginning of Period ( 26,258.75) ( 26,258.75)
Interest Earned during Period 5,067.18 5,067.18
Total Interest Earned during Period 127,580.78 127,580.78
Total Adjustments from Premiums and Discounts -15,758.87 -15,758.87
Total Capital Gains or Losses 3,250.00 3,250.00
Total Earnings during Period 115,071.91 115,071.91
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State of California
Pooled Loney Investment Account
Market Valuation
10/31/ 013
United States Treasury:
Bills $ !14,731,308,772.98 $ 14,745,385,500.00 NA
Notes $ 17,163,407,881.37 $ 17,186,064,500.00 $ 14,708,355.50
Federal Agency:
SBA $ 564,147,634.48 $ 559,197,034.43 $ 536,447.36
MBS-REMICs $ 154,218,287.19 $ 166,976,430.23 $ 735,650.40
Debentures $ 1,574,993,399.51 $ 1,572,866,800.00 $ 5,285,242.50
Debentures FR $ - $ - $
Discount Notes $ 1,998,251,708.35 $ 1,999,631,000.00 NA
GNMA $ - $ - $ -
iBRD Debenture $ 549,990,597.01 $ 550,182,500.00 $ 929,514.00
IBRD Deb FR $ - $ - $
CDs and YCDs FR $ 400,000,000.00 $ 400,025,400.00 $ 397,415.00
Bank Notes $ - $ - $
CDs and YCDs $ 6,375,000,000.00 $ 6,372,788,322.74 $ E3.087E,4E44],44
Commercial Paper $ 1,624,688,958.36 $ 1,624,857,944.45 NA
Corporate:
Bonds FR $ - $ $
Bonds $ - $ - $
Repurchase Agreements $ - $ - $
Reverse Repurchase $ - $ - $ -
Time Deposits $ 4,499,140,000.00 $ 4,499,140,000.00 NA
AB 55&GF Loans $ 7,186,329,649.37 $ 7,186,329,649.37 NA
TOTAL $ 56,821,476,888.62 1 $ 56,863,445,081.22 $ 25,680,069.20
Fair Value Including Accrued Interest $ 56,889,125,150.42
Repurchase Agreements,Time Deposits, AB 55 &General Fund loans, and
Reverse Repurchase agreements are carried at portfolio book value (carrying cost).
Item 1. - 16 HB - -
Statement of Cash Receipts and Disbursements and
Summary of Cash by Fund
Finance Department
October 2013
Cash Receipts and Disbursements September 2013 October 2013
Receipts
Property Tax Receipts $1,318,715 $281,457
Utility Tax Receipts (UUT) 1,855,975 1,770,204
Sales Tax Receipts 1,425,730 1,883,000
1/2 Cent Safety Sales Tax Receipts 171,804 147,922
Highway Users Tax Receipts (HUT) - 976,880
Transient Occupancy Tax Receipts (TOT) 938,557 635,350
Government Funds 115,784 147,016
Capital Funds 373,617 64,967
Debt Service Funds 150,915 -
Enterprise Funds 6,265,255 5,449,190
Fiduciary Funds 5,780,028 1,408,525
Special Revenue Funds 2,498,674 2,036,976
All Other Receipts 5,876,561 10,650,678
Total Receipts $26,771,615 $25,452,164
Disbursements
Total Disbursements (32,097,008) (29,737,217)
Net Change in Cash Flow ($5,325,393) ($4,285,053)
Summary of Cash by Fund September 2013 October 2013
General Fund 60,984,089 62,649,670
Government Funds 1,029,506 1,102,013
Capital Funds 15,201,328 14,666,613
Debt Service Funds 16,726 14,136
Enterprise Funds 92,804,633 88,367,360
Fiduciary Funds 20,944,068 18,063,818
Special Revenue Funds 15,889,014 15,337,886
General Ledger Cash Balances 206,869,363 200,201,496
*Total cash will differ from investment portfolio total due to outstanding checks and/or other
timing differences.
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.
Statement of Cash Receipts&Disbursements October 2013.xlsx 1 1/22120 1 3
HB -2 - Item 1. - 17
CD
NTINGT�2
1� O� �N�ouae�rFo B
- 9 City of Huntington Beach
" = City of 1-113 2000 Main St.
o� u -;rJ� Q Huntington Beach,
00 � ,__ = Portfolio Management
�UNN�P��`�°Q Portfolio Summary
November 30, 2013
Investments Par Market Book %of Days to YTM YTM
Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv.
Federal Agency Issues-Coupon 106,275,862.07 105,788,450.35 106,246,750.74 66.09 1,634 1,308 0.937 0.950
Local Agency Investment Funds 23,225,654.78 23,225,654.78 23,225,654.78 14.45 1 1 0.259 0.263
Corporate Bonds 30,960,000.00 31,269,295.60 31,279,809.23 19.46 1,018 656 0.780 0.791
Investments
160,461,516.85 160,283,400.73 160,752,214.75 100.00% 1,279 992 0.809 0.820
Gash and Accrued Interest
Accrued Interest at Purchase 24,076.39 24,076.39
Subtotal 24,076.39 24,076.39
Total Gash and Investments 160,461,516.85 160,307,477.12 160,776,291.14 1,279 992 0.809 0.820
r�
a
Total Earnings November 30 Month Ending Fiscal Year To Date Fiscal Year Ending
Current Year 101,743.34 216,815.25
Current Budget 100,000.00 200,000.00 1,200,000.00
Last Year Actual 112,000.00 224,000.00 1,344,000.00
Average Daily Balance 165,557,574.93 172,517,557.59
Effective Rate of Return 0.75% 0.75%
1 certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 5,2012. 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.
Alis u chen,CITY TREASURER
Reporting period 11/01/2013-11/30/2013
Portfolio CITY
Run Date:01/1 02 AP014-13:58 PM(PRF PM1)7.3.0
Report Ver.7.3.3b
City of HB
Portfolio Management Page 1
Portfolio Details -Investments
November 30, 2013
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
3133EAJ33 3942 Federal Farm Credit Bank 08/15/2012 5,000,000.00 5,000,150.00 4,998,309.03 0.730 AA 0.743 988 08/15/2016
313313051<9 3941 Federal Home Loan Bank 0810612012 3,275,862.07 3,275,960.35 3,275,538.70 0.720 AA 0.724 981 08/08/2016
313381M44 3953 Federal Home Loan Bank 12/28/2012 5,000,000.00 4,991,350.00 5,000,000,00 0.650 AA 0.650 1,123 12/28/2016
3134G3LU2 3925 Federal Home Loan Mort Corp 02/14/2012 5,000,000.00 5,008,400.00 5,000,000.00 1.050 AA 1.316 1,171 02/14/2017
3134G3B90 3940 Federal Home Loan Mort Corp 08/15/2012 5,000,000.00 4,968,550.00 5,000,000.00 0.875 AA 0.875 1,353 08/15/2017
3134G33B4 3952 Federal Home Loan Mort Corp 01/11/2013 5,000,000.00 4,944,800.00 5,000,000.00 1.000 AA 1.000 1,502 01/11/2018
3134G47G7 39BO Federal Home Loan Mort Corp 06/2612013 5,000,000.00 4,953,300.00 5,000,00D.00 1.400 AA 1.400 1,668 0612612018
3136GOMK4 3931 Fed.Nat'l Mort.Assoc. 06/21/2012 5,000,000.00 5,002,250.00 5,000,000.00 1.000 AA 0.301 1,298 06/21/2017
3135GORK1 3945 Fed.NO Mort.Assoc. 11/07/2012 5,000,000.00 4,949,950.00 5,000,000.00 0.900 AA 0.900 1,437 11/07/2017
3136GO71<1 3947 Fed.Nat'l Mort.Assoc. 12/07/2012 5,000,000.00 4,963,800.00 5,000,000.00 0.700 AA 1.002 1,466 12/06/2017
3136G17E3 3950 Fed.Nat'l Mort.Assoc. 12/26/2012 5,000,000.00 4,982,850.00 5,000,000.00 0.650 AA 1.042 1,486 12/26/2017
3136G'IA66 3951 Fed.Nat'I Mort.Assoc. 1212612012 5,D00,000.00 4,995,750.00 5,000,000.00 0.700 AA 1.053 1,486 1212612017
3135GOSBO 3954 Fed.NafI Mort.Assoc. 12/21/2012 5,000,000.00 5,001,650.00 4,993,353.70 0.375 AA 0.440 750 12/21/2015
3136G1AY5 3955 Fed.Nat'l Mort.Assoc. 01/3o/2013 5,000,000.00 5,003,600.00 5,000,000.00 0.750 AA 1.078 1,521 01/30/2018
313SGlCJS 3957 Fed.Nat'l Mort.Assoc. 02/21/2013 5,000,000.00 4,899,900.00 5,000,000.00 0.750 AA 1.193 1,543 02/21/2018
t At
3136G1E62 3961 Fed.Nat'l Mort.Assoc. 02/25/2013 5,000,000.00 5,001,100.00 5,000,000.00 0.600 AA 0.600 998 08/25/2016
� 3136G1F80 3963 Fed.NaYI Mort.Assoc. 02/2612013 5,000,000.00 4,998,950.00 5,000,000.00 0.750 AA 1.435 1,550 02128/2016
3136G1EPO 3964 Fed.Nat'l Mort.Assoc. 03/12/2013 5,000,000.00 4,900,400.00 5,000,000.00 1.100 AA 1.100 1,562 03/12/2018
3135GOYA5 3978 Fed.Nat'l Mort.Assoc. 06/19/2013 5,000,000.00 5,001,400.00 5,000,000.00 0.750 AA 0.750 1,114 12/19/2016
3136G1 NB1 3979 Fed.NafI Mort.Assoc. 06/19/2013 5,000,000.00 4,938,550.00 4,981,411.31 0.800 AA 0.907 1,296 06/19/2017
3136G1RR2 39132 Fed.Nat'I Mort.Assoc. 08/19/2013 5,000,000.00 5,004,350.00 4,998,138.00 0.650 AA 0.667 810 02/19/2016
3136G1TE9 39133 Fed.Nat I Mort,Assoc. 08128/2013 3,000,000.00 3,001,440.00 3,000,000.00 1.000 AA 2.114 1,731 08/2812018
Subtotal and Average 114,079,679.08 106,275,862.07 105,788,450.35 106,246,750.74 0.950 1,308
Local Agency Investment Funds
SYS982 982 Laif City 23,225,654.78 23,225,654.78 23,225,654.78 0.263 0.263 1
Subtotal and Average 23,225,654.78 23,225,654.78 23,225,654.78 23,225,654.78 0.263 1
Corporate Bonds
037833AJ9 3976 Apple Inc. 05/28/2013 3,000,000.00 2,921,400.00 2,980,626.93 1.000 AA 1.151 1,614 OSI03I2018
084664ATB 3B95 Berkshire Hathaway Fin 0812612011 1,310,000.00 1,374,596.10 1,359,511.51 4.850 AA 1.390 410 01/15/2015
14912L4Y4 3930 Caterpillar Financial Corp. 05/30/2012 2,000,000.00 2,017,200.00 2,004,381.73 1.125 A 0.911 379 12/15/2014
14912L5D9 3936 Caterpillar Financial Corp. 08/03/2012 3,000,000.00 3,030,720.00 3,025,766.81 1.100 A 0.520 544 05/29/2015
36962G4X9 3906 General Electric Capital Corp 09/29/2011 2,000,000.00. 2,003,380.00 2,001,035.99 2.100 AA 1.570 37 01/07/2014
36962G4G6 3949 General Electric Capital Corp 12/14/2012 1,650,000.00 1,703,674.50 1,697,187.11 3.750 AA 0.722 348 11/14/2014
36962G6R0 3956 General Electric Capital Corp 01/25/2013 2,000,000.00 2,011,100.00 2,000,826.08 1.000 AA 0.980 768 01/08/2016
Portfolio CITY
CD AP
F--+ Run Date:01/1 012014-1 3:58 PM(PRF PM2)T.3.0
•I Report Ver.T.3.3b
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'I City of H13
lV Portfolio Management Page 2
® Portfolio Details -Investments
November 30, 2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date
Corporate Bonds
36962G5M2 3988 General Electric Capital Corp 11/19/2013 2,500,000.00 2,547,900.00 2,549,167.56 2.150 AA 0.388 404 01/09/2015
24422ERK7 3937 John Deere Capital 08/03/2012 3,000,000.00 3,025,820.00 3,023,454.24 1.250 A 0.485 388 12/02/2014
24422ERSO 3948 John Deere Capital 12/11/2012 2,000,000.00 2,016,300.00 2,011,879.74 0.950 A 0.570 575 06/29/2015
674599CB9 3977 Occidental Petroleum 05/28/2013 3,000,000.00 3,047,100.00 3,084,941.83 1.750 A 1.055 1,172 02/15/2017
713448CA4 3988 PEPSICO INC 11/19/2013 2,500,000.00 2,505,375.00 2,510,665.87 0.700 A 0.448 620 08/13/2015
931142CX9 3943 Wal-Mart Stores 08/14/2012 3,000,000.00 3,063,930.00 3,050,364.03 1.500 AA 0.605 693 10/25/2015
Subtotal and Average 28,252,241.07 30,960,000.00 31,269,295.60 31,279,809.23 0.791 656
Total and Average 165,557,574.93 160,461,516.85 160,283,400.73 160,752,214.75 0.820 992
a
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Portfolio CITY
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City of FIB
Portfolio Management Page 3
Portfolio Details -Cash
November 30, 2013
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 24,076.39 24,076.39 0
Subtotal 24,076.39 24,076.39
Total Cash and Investments 165,557,574.93 160,461,516.85 160,307,477.12 160,776,291.14 0.820 992
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�l N Portfolio Management
Activity By Type Page 1
November 1, 2013 through November 30, 2013
Stated Transaction Purchases Redemptions
CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance
Federal Agency Issues-Coupon
3133EAUE6 3932 Federal Farm Credit Bank 0.875 11/12/2013 0.00 5,000,000.00
3133EAUE6 3933 Federal Farm Credit Bank 0.875 11/12/2013 0.00 5,000,000.00
3133EAP77 3944 Federal Farm Credit Bank 0.480 11/26/2013 0.00 5,000,000.00
Subtotal 0.00 16,000,000.00 106,246,760.74
Local Agency Investment Funds (Monthly Summary)
Subtotal 23,226,654.78
Corporate Bonds
36962GSM2 3986 General Electric Capital Corp 2.150 1111912013 2,550,650.00 0.00
713448CA4 3988 PEPSICO INC 0.700 11/19/2013 2,510,875.00 0.00
Subtotal 6,061,626.00 0.00 31,279,80923
Total 5,061,525.00 15,000,000.00 160,752,214.75
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Portfolio CITY
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Run Date:01/1 02014-13:58 PM(PRF PM3)7.3.0
Report Ver.7.3.3b
City of FIB
Portfolio Management Page 1
Activity Summary
November 2012 through November 2013
Yield to Maturity Managed Number Number
Month Number of Average 360 365 Pool of Investments of Investments Average Average
End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity
November 2012 36 161,479,959.57 0.963 0.976 0.324 1 0 1,299 1,068
December 2012 35 160,292,718.24 0.903 0.915 0,326 7 8 1,340 1,159
January 2013 34 182,030,048.28 0.755 0.765 0.300 3 4 1,102 959
February 2013 37 183,986,101.22 0.756 0.767 0,286 4 1 1,125 983
March 2013 37 186,749,407.36 0.782 0.793 0.285 1 1 1,193 1,026
April 2013 37 186,686,547.88 0.777 0.788 0.264 0 0 1,193 1,002
May 2013 37 185,019,750.49 0.781 0.792 0.245 2 2 1,205 995
June 2013 39 186,325,484.36 0.782 0.793 0.244 3 2 1,207 998
July 2013 39 192,214,287.10 0.789 0.800 0.267 1 1 1,196 968
August 2013 41 198,208,053.41 0.806 0.817 0.271 2 0 1,198 955
September 2013 40 199,307,438.40 0.843 0.854 0.257 0 1 1,296 1,021
October 2013 37 179,253,024.68 0.813 0.825 0.257 0 3 1,306 1,018
November 2013 36 165,557,574.93 0.809 0.820 0.263 2 3 1,279 992
q Average 37 182,099,004.98 0.812°/a 0.823% 0.276 2 2 1,226 1,011
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Interest Earnings Summary
November 30, 2013
(November 30 Month Ending Fiscal Year To Date
CD/Coupon/Discount Investments:
Interest Collected 124,759.72 179,204.16
Plus Accrued Interest at End of Period 407,399.63 407,399.63
Less Accrued Interest at Beginning of Period ( 417,986.13) ( 349,916.97)
Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
Interest Earned during Period 114,173.22 236,686.82
Adjusted by Premiums and Discounts -17,450.44 -33,209.31
Adjusted by Capital Gains or Losses 0.00 3,250.00
Earnings during Periods 96,722.78 206,727.51
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)
£�E
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 0.00 24,077.46
Plus Accrued Interest at End of Period 12,269.03 12,269.03
Less Accrued Interest at Beginning of Period ( 7,248.47) ( 26,258.75)
Interest Earned during Period 5,020.56 10,087.74
Total Interest Earned during Period 119,193.78 246,774.66
Total Adjustments from Premiums and Discounts -17,460.44 -33,209.31
Total Capital Gains or Losses 0.00 3,260.00
Total Earnings during Period 101,743.34 216 816.26
Portfolio CITY
Run Date:01/10/2014-13:58 AP
PM(PRF PM6)7.3.0
Report Ver.7.3.3b
State of California
Pooled Money Investment Account
Market Valuation
111 012013
Will
United States Treasury:
Bills $ 13,633,461,252.16 $ 13,644 445,500.00 NA
Notes $ 17,263,872,765.03 $ 17,287,511,000.00 $ 17,766,123.50
Federal Agency:
SBA $ 556,638 947.67 $ 551,766,371.10 $ 529,216.89
MBS-REMICs $ 148,524,918.29 $ 161,234,833.46 $ 708,261.48
Debentures $ 1,374,392,646.97 $ 1,371,905,500.00 $ 5,012,535.84
Debentures FR $ - $ - $
Discount Notes $ 1,898,266,500.01 $ 1 899,654,000.00 NA
GNMA $ - $ - $ -
Su ranational Debentures $ 549,880,391.04 $ 550,117,000.00 $ 1,033,682.00
CDs and YCDs FR $ - $ - $
Bank Notes $ - $ - $
CDs and YCDs $ 5,975,024,373.94 $ 5,972,317,037.11 $ 3,553,097.21
Commercial Paper $ 2,224,522,388.94 $ 2,224 589,770.84 NA
Corporate:
Bonds FR $ - $ - $ -
Bonds $ - $ - $ -
Repurchase Agreements $ - $ - $ -
Reverse Repurchase $ - $ - $
Time Deposits $ 4,479,140,000.00 $ 4,479,140,000.00 NA
AB 55&GF Loans $ 8,441,826,649.37 $ 8,441,826,649.37 NA
TOTAL $ 56,545,550,833.42 1 $ 56,584,507,661.88 $ 28,602,916.92
Fair Value Including Accrued Interest $ 56,613,110,578.80
Repurchase Agreements,Time Deposits,AB 55 &General Fund loans,and
Reverse Repurchase agreements are carried at portfolio book value(carrying cost).
h'B -31- Item 1. - 25
Statement of Cash Receipts and Disbursements and
Summary of Cash by Fund
Finance Department
November 2013
Cash Receipts and Disbursements October 2013 November 2013
Receipts
Property Tax Receipts $281,457 $5,684,647
Utility Tax Receipts (UUT) 1,770,204 1,979,764
Sales Tax Receipts 1,883,000 2,510,700
112 Cent Safety Sales Tax Receipts 147,922 176,884
Highway Users Tax Receipts (HUT) 976,880 -
Transient Occupancy Tax Receipts (TOT) 635,350 590,705
Government Funds 147,016 25,478
Capital Funds 64,967 32,043
Debt Service Funds - -
Enterprise Funds 5,449,190 4,616,713
Fiduciary Funds 1,408,525 883,600
Special Revenue Funds 2,036,976 1,869,424
All Other Receipts 10,650,678 3,276,402
Total Receipts $25,452,164 $21,646,359
Disbursements
Total Disbursements (29,737,217) (21,750,977
Net Change in Cash Flow $4,285,053 ($104,618)
Summary of Cash by Fund October 2013 November 2013
General Fund 62,649,670 55,496,604
Government Funds 1,102,013 1,015,508
Capital Funds 14,666,613 15,160,616
Debt Service Funds 14,136 16,124
Enterprise Funds 88,367,360 89,095,603
Fiduciary Funds 18,063,818 10,213,256
Special Revenue Funds 15,337,886 13,963,418
General Ledger Cash Balances 200,201,496 184,961,129
Total cash will differ from investment portfolio total due to outstanding checks and/or other
timing differences.
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.
Statement of Cash Receipts&Disbursements November 2013.xtsx 1 212 31201 3
Item 1. - 26 HB -32-
TINGT�
City of Huntington Beach
2000 Main St.
_ City of HB Huntington Beach,
w a Portfolio Management
2�FcoUNlit cP�\�oe Portfolio Summary
December 31, 2013
Par Market Book %of Days to YTM YTM
Investments Value Value Value Portfolio Term maturity 360 Equiv. 365 Equiv.
Federal Agency Issues-Coupon 114,875,862.07 113,691,962.48 114,847,588.66 65.82 1,649 1,341 1.070 1,084
Local Agency Investment Funds 23,225,654.78 23,225,654.78 23,225,654.78 13.31 1 1 0.260 0.264
Corporate Bonds 35,960,000.00 36,313,016.20 36,422,499.89 20.87 1,047 709 0.850 0,862
174,061,516.85 173,230,633.46 174,495,743.33 100.00% 1,304 1,031 0.916 0.929
Investments
Cash and Accrued Interest
Accrued Interest at Purchase 42,923.61 42,923.61
Subtotal 42,923.61 42,923.61
Total Cash and Investments 174,061,516.85 173,273,557.07 174,538,666.94 1,304 1,031 0.916 0.929
E
t tee,&
Total Earnings December 31 Month Ending Fiscal Year To Date Fiscal Year Ending
Current Year 102,091.49 318,906.74
Current Budget 100,000.00 300,000.00 1,200,000.00
Last Year Actual 112,000.00 336,000.00 1,344,000.00
Average Daily Balance 164,741,010.44 169,897,199.31
Effective Rate of Return 0.73% 0.741/6
I certify that this report accurately reflects all City pooled investments and Is in conformity with all State laws and the investment policy statement filed with the City Council on November 5,2012. 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 Interac' a Data Corporation.
Alisa Cutchen,CITY TREASU R
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CD Portfolio CITY
Reporting period 12/01/2013-12/31/2013
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Report Ver.7.3.3b
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O° Portfolio Details- Investments
December 31, 2013
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
3133EAJ33 3942 Federal Farm Credit Bank 08/15/2012 5,000,000.00 5,000,250.00 4,998,361.11 0.730 AA 0.743 957 08/15/2016
3133805K9 3941 Federal Home Loan Bank 08/08/2012 3,275,862.07 3,270,784.48 3,275,548.73 0.720 AA 0.724 950 08/08/2016
313381M44 3953 Federal Home Loan Bank 12/28/2012 5,000,000.00 4,972,600.00 5,000,000.00 0.650 AA 0.650 1,092 12/28/2016
3130ADGLB 3996 Federal Home Loan Bank 12/27/2013 3,600,000.00 3,593,448.00 3,600,000.00 1.250 AA 1.250 1,821 12/27/2018
3134G3LU2 3925 Federal Home Loan Mort Corp 02/14/2012 5,000,000.00 5,005,000.00 5,000,000.00 1.050 AA 1.316 1,140 02/14/2017
3134G3690 3940 Federal Home Loan Mort Corp 08/15/2012 5,000,000.00 4,930,200.00 5,000,000.00 0.875 AA 0.875 1,322 08/15/2017
3134G3364 3952 Federal Home Loan Mort Corp 01/11M13 5,000,000.00 4,893,050.00 5,000,000.00 COW AA 1.000 1,471 01/11/2018
3134G47G7 3980 Federal Home Loan Mort Corp 06/25/2013 5,000,000.00 4,897,950.00 5,000,000.00 1.400 AA 1.400 1,637 06/2612018
3134G4LS5 3987 Federal Home Loan Mort Corp 12/11/2013 5,000,000.00 4,998,400.00 5,000,000.00 1.000 AA 2,174 1,805 12/11/2018
3134G4RC4 3995 Federal Home Loan Mort Corp 12/27/2013 5,000,000.00 4,960,650.00 5,000,000.00 1.150 AA 1.944 1,821 12/27/2018
3135GORK1 3945 Fed.Nat'I Mort Assoc. 11/07/2012 5,000,000.00 4,905,100.00 5,000,000.00 0.900 AA 0.900 1,406 11/07/2017
3136GO7K1 3947 Fed.Natl Mort Assoc. 12/07/2012 5,000,000.00 4,920,000.00 5,000,000.00 0.700 AA 1.002 1,435 12/06/2017
3136G17E3 3950 Fed.Nat'I Mort Assoc. 12/26/2012 5,000,000.00 4,936,000.00 5,000,000.00 0.700 AA 1.042 1,455 12/26/2017
3136GIA66 3951 Fed.Nati Mort.Assoc. 12/26/2012 5,000,000.00 4,948,350.00 5,000,000.00 0.700 AA 1.053 1,455 12/26/2017
s 3135GOSBO 3954 Fed.Nati Mort.Assoc. 12/21/2012 5,000,000.00 4,992,350.00 4,993,623.15 0.375 AA 0.440 719 12/21/2015
3136G1AY5 3955 Fed.Nati Mort Assoc. 01/30/2013 5,000,000.00 4,938,450.00 5,000,000.00 0.750 AA 1.078 1,490 01/30/2018
3136G1CJ6 3957 Fed.Nati Mort Assoc. 02/21/2013 5,000,000.00 4,848,900.00 5,000,000.00 0.750 AA 1.193 1,512 02/21/2018
3136G1E62 3961 Fed.Nat'I Mort Assoc. 02/25=13 5,000,000.00 4,984,450.00 5,000,000.00 0.600 AA 0.600 967 08125/2016
3136G1 FBO 3963 Fed.NO Mort Assoc. 02/28/2013 5,000,000.00 4,967,500.00 5,000,000.00 0.750 AA 1.435 1,519 02/28/2018
3136G1EPO 3964 Fed.Nat1 Mort Assoc. 03/12/2013 5,000,000.00 4,846,150.00 5,000,000.00 1.100 AA 1.100 1,531 03/12/2018
3135GOYA5 3978 Fed.Nati Mort Assoc. 06/19/2013 5,000,000.00 4,986,850.00 5,000,000.00 0.750 AA 0.750 1,083 12/1912016
3136GIINB1 3979 Fed.Nati Mort Assoc. 06/19/2013 5,000,000.00 4,902,300.00 4,981,847.67 0.800 AA 0.907 1,265 06/19/2017
3136G1 RR2 3982 Fed.Nat'l Mort Assoc. 08/19/2013 5,000,000.00 5,002,800.00 4,998,208.00 0.650 AA 0.667 779 02/19/2016
3136G1TE9 3983 Fed.Nat'l Mort Assoc. 08/28/2013 3,000,000.00 2,990,430.00 3,000,000.00 1.000 AA 2.114 1,700 08/28/2018
Subtotal and Average 109,247,196.73 114,875,862.07 113,691,962A8 114,847,588.66 1.084 1,341
Local Agency Investment Funds
SYS982 982 La'd City 23,225,654.78 23,225,654.78 23,225,654.78 0.264 0.264 1
Subtotal and Average 23,225,664.78 23,225,654.78 23,225,654.78 23,225,654.78 0.264 1
corporate Bonds
037833AJS 3976 Apple Inc. 05/28=13 3,000,000.00 2,900,850.00 2,980,992.00 1.000 AA 1.151 1,583 05/03/2018
084664AT8 3895 Berkshire Hathaway Fin 08/26/2011 1,310,000.00 1,371,203.20 1,355,834.91 4.850 AA 1.390 379 01/15/2015
14912L4Y4 3930 Caterpillar Financial Corp. 05/30/2012 2,000,000.00 2,015,660.00 2,004,030.25 1.125 A 0.911 348 12/15/2014
14912L5D9 3936 Caterpillar Financial Corp. 08103/2012 3,000,000.00 3,024,180.00 3,024,330.00 1.100 A 0,520 513 05/2912015
36962G4X9 3906 General Electric Capital Corp 09/29/2011 2,000,000.00 2,000,380.00 2,000,172.67 2.100 AA 1.570 6 01/07/2014
Portfolio CITY
AP
Run Date:01/15/2014-03.08 PM(PRF PM2)7.3.0
Report Ver.7.3.3b
City of HB
Portfolio Management Page 2
Portfolio Details -Investments
December 31, 2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date
Corporate Bonds
36962G4G6 3949 General Electric Capital Corp 12/14/2012 1,650,owoo 1,699,368.00 1,693,059.95 3.750 AA 0.722 317 11/18201
36962GGRO 3956 General Electric Capital Corp 01/25/2013 2,000,000.00 2,005,000.00 2,000,793.34 1.000 AA 0.980 737 01/O /2016
36962G5M2 3986 General Electric Capital Corp 11/19/2013 2,500,000.00 2,545,775.00 2,545,461.46 2.150 AA 0.366 373 01/09/2015
36962G5W0 3994 General Electric Capital Corp 12/26/2013 6,000,000.00 5,139,350.00 5,163,516.40 2.300 AAA 1.291 1,212 04/27/2017
24422ERK7 3937 John Deere Capital 08/03/2012 3,000,000.00 3,026,490.00 3,021,505.14 1.250 A 0.465 335 12/02/2014
24422ERSO 3948 John Deere Capital 12/11/2012 2,OO11,1100.00 2,014,700.00 Z011,25229 0.950 A 0.570 644 06/29/2015
674599CB9 3977 Occidental Petroleum 05/28/2013 3,000,000.00 3,010,320.00 3,063,253.37 1.750 A 1.055 1,141 02/15/2017
713448CA4 3988 PEPSICO INC 11/19/2013 2,500,000.00 2,502,650.00 2,510,143.03 0.700 A 0.448 589 08/13/2015
931142CXS 3943 MI-Mart Stores 08/14/2012 3,000,000.00 3,057,090.00 3,048,155.08 1.500 AA 0.606 662 10/25/2015
Subtotal and Average 32,268,158.93 36,960,000.00 36,313,016.20 36,422,499.89 0.862 709
Total and Average 164,741,010.44 174,061,516.85 173,230,633.46 174,495,743" 0.929 1,031
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CD
City of 1-113
w Portfolio Management Page 3
o Portfolio Details -Cash
December 31, 2013
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 42,923.61 42,923.61 0
Subtotal 42,923.61 42,923.61
Total Cash and Investments 164,741,010.44 174,061,616-86 173,273,567.07 174,638,666.94 0.929 1,031
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City of 1-16
Portfolio Management Page 1
Activity By Type
December 1, 2013 through December 31, 2013
Stated Transaction Purchases Redemptions
CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance
Federal Agency Issues-Coupon
3130AOGLB 3996 Federal Home Loan Bank 1.250 12/27/2013 3,600,000.00 0.00
3134G41-S5 3987 Federal Home Loan Mort Corp 1.000 12/11/2013 5,000,000.00 0.00
3134G4RC4 3995 Federal Home Loan Mort Corp 1.150 12/27/2013 5,000,000.00 0.00
3136GOMK4 3931 Fed.Nafl Mort Assoc. 1.000 12/21/2013 0.00 5,000,000.00
Subtotal 13,600,000.00 6,000,000.00 114,847,688.66
Local Agency Investment Funds (Monthly Summary)
Subtotal 23,226,664.78
Corporate Bonds
36962G5W0 3994 General Electric Capital Corp 2.300 12/26/2013 5,164,200.00 0.00
Subtotal 6,164,200.00 0.00 36,422,499.89
Total 18,764,200.00 5,000,000.00 174,496,743.33
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Run Date:01/15/2014-08:08 PM(PRF PM3)7.3.0
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City of HB
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Activity Summary
December 2012 through December 2013
Yield to Maturity Managed Number Number
Month Number of Average 360 365 Pool of Investments of Investments Average Average
End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity
December 2012 35 160,292,718.24 0.903 0.915 0.326 7 8 1,340 1,159
January 2013 34 182,030,048.28 0.755 0.765 0.300 3 4 1,102 959
February 2013 37 183,986,101.22 0.756 0.767 0.286 4 1 1,125 983
March 2013 37 186,749,407.36 0.782 0.793 0.285 1 1 1,193 1,026
April 2013 37 186,686,547.88 0.777 0.788 0.264 0 0 1,193 1,002
May 2013 37 185,019,750.49 0.781 0.792 0.245 2 2 1,205 995
June 2013 39 186,325,484.36 0.782 0.793 0.244 3 2 1,207 998
July 2013 39 192,214,287.10 0.789 0.800 0.267 1 1 1,196 968
August 2013 41 198,208,053.41 0.806 0.817 0.271 2 0 1,198 955
September 2013 40 199,307,438.40 0.843 0.854 0.257 0 1 1,296 1,021
October 2013 37 179,253,024.68 0.813 0.825 0.257 0 3 1,306 1,018
November 2013 36 165,557,574.93 0.809 0.820 0.263 2 3 1,279 992
December 2013 39 164,741,010.44 0.916 0.929 0.264 4 1 1,304 1,031
4
Average 38 182,302,220.96 0.809% 0.820% 0.271 2 2 1,226 1,008
Portfolio CITY
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Run Date:01/15/2014-08:08 PM(PRF PM4)7.3.0
Report Ver.7.3.3b
City of HB
Portfolio Management Page 1
Distribution of Investments By Type
December 2012 through December 2013
December January February March April May June July August September October November December Average
Security Type 2012 2013 2013 2013 20'13 2013 2013 2013 2013 2013 20'13 2013 2013 by Period
Repurchase Agreements
Certificates of Deposit 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1%
Commercial Paper-Interest Bearing
Federal Agency Issues-Coupon 75.5 61.8 64.7 68.6 68.6 65.2 66.1 67.1 68.4 73.4 71.0 66.1 65.8 67.9%
Local Agency Investment Funds 11.6 26.8 24.7 20.4 20.5 20.5 20.0 19.5 18.8 12.5 13.6 14.5 13.3 18.2%
Treasury Securities-Coupon
Medium Term Notes
Negotiable CD's
Certificates of Deposit-Bank
Corporate Bonds 12.7 11.3 10.4 10.9 %9 14.2 13.8 13.4 12.9 14.1 15.4 19.5 20.9 13.9%
Mortgage Backed Securities
Bankers Acceptances-Amortizing
Commercial Paper Disc.-Amortizing
Federal Agency Disc.-Amortizing
f
rya Treasury Discounts-Amortizing
' Miscellaneous Discounts-Amortizing
Money Market Acct
Rolling Repurchase Agreements
CD e-1-
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~ Run Date:01/1512014-OS:OS PM(PRF PM5)7.3.0
Report Ver.7.3.3b
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City of 1-113
U.) Portfolio Management Page 1
Interest Earnings Summary
December 31, 2013
December 31 Month Ending Fiscal Year To Date
CD/Coupon/Discount Investments:
Interest Collected 215,125.00 394,329.16
Plus Accrued Interest at End of Period 309,829.90 309,829.90
Less Accrued Interest at Beginning of Period ( 407,399.63) ( 349,916.97)
Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
Interest Earned during Period 117,555.27 354,242.09
Adjusted by Premiums and Discounts -20,671.42 -53,880.73
Adjusted by Capital Gains or Losses 0.00 3,250.00
Earnings during Periods 96,883.85 303,611.36
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)
E
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 0.00 24,077.46
Plus Accrued Interest at End of Period 17,476.67 17,476.67
Less Accrued Interest at Beginning of Period ( 12,269.03) ( 26,258.75)
Interest Earned during Period 5,207.64 15,295.38
Total Interest Earned during Period 122,762.91 369,537.47
Total Adjustments from Premiums and Discounts -20,671.42 -53,880.73
Total Capital Gains or Losses 0.00 3,250.00
Total Earnings during Period 102,091.49 318,906.74
Portfolio CITY
AP
Run Date:01115/2014.08:08 PM(PRF PMS)7.3.0
Report Ver.7.3.3b
State of California
Pooled Money Investment Account
Market Valuation
12/31/2013
United StMTreasu :Bills 14,033,089,088.96 $ 14,042,579,686.22 $ 14,045,149,000.00 NA
Notes $ 17,263,832,010.85 $ 17,263,453,805.87 $ 17,275,491,000.00 $ 14 779 237.00
Federal Agency:
SBA $ 568,220,869.50 $ 568,215,900.05 $ 564,382,161.61 $ 535,022.23
MBS-REMICs $ 143,738,651.70 $ 143,738,651.70 $ 154,860,553.48 $ 685,656.73
Debentures $ 1,070,960,367.63 $ 1,070,943,353.75 $ 1,070,386,400.00 $ 3,676,778.16
Debentures FR $ _ $ _ $ _ $ _
Discount Notes $ 1,298,658,722.26 $ 1,299,566,777.76 $ 1,299,775,000.00 NA
GNMA $ - $ - $ - $
Su ranational Debentures $ 149,896,019.16 $ 149,896,019.16 $ 149,684,500.00 $ 174,305.50
CDs and YCDs FR $ - $ _ $ _ $ _
Bank Notes $ _ $ $ _ $ _
CDs and YCDs $ 8,925,006,100.02 $ 8,925,006,100.02 $ 8,920,838,516.80 $ 3,824,763.92
Commercial Paper $ 3,149,185,159.79 $ 3,149,397,111.11 $ 3,148,819,402.79 NA
Corporate:
Bonds FR $ _ $ _ $ _ $
Bonds $ _ $ _ $ _ $ _
Repurchase Agreements $ _ $ $ _ $ _
Reverse Repurchase $ _ $ _ $ _ $
Time Deposits $ 4,471,640,000.00 $ 4,471,640,000.00 $ 4,471,640,000.00 NA
AB 55&GF Loans $ 6,592,720,682.49 $ 6,592,720,682.49 $ 6,592,720,682.49 NA
TOTAL 1 $ 57,666,947,672.36 $ 57,677,158,088.13 $ 57,693,747,217.17 $ 23,675,763.54
Fair Value Including Accrued Interest $ 57,717,422,980.71
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(1.00028762).
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$20,005,752.41 or$20,000,000.00 x 1.00028762.
B - .- Item 1. - 35
Statement of Cash Receipts and Disbursements and
Summary of Cash by Fund
Finance Department
December 2013
Cash Receipts and Disbursements November 2013 December 2013
Receipts
Property Tax Receipts $5,684,647 $23,249,625
Utility Tax Receipts (UUT) 1,797,764 1,586,049
Sales Tax Receipts 2,510,700 1,801,034
1/2 Cent Safety Sales Tax Receipts 176,884 190,266
Highway Users Tax Receipts (HUT) - 1,010,373
Transient Occupancy Tax Receipts (TOT) 590,705 488,062
Government Funds 25,478 44,060
Capital Funds 32,043 24,322
Debt Service Funds - -
Enterprise Funds 4,616,713 4,962,148
Fiduciary Funds 883,600 2,993,117
Special Revenue Funds 1,869,424 2,771,934
All Other Receipts 3,276,402 1,693,754
Total Receipts $21,646,359 $40,814,744
Disbursements
Total Disbursements (21,750,977) (31,35Z843)
Net Change In Cash Flow ($104,618j $9,461,901
Summary of Cash by Fund November 2013 December 2013
General Fund 55,496,604 72,045,564
Government Funds 1,015,508 1,015,112
Capital Funds 15,160,616 15,143,487
Debt Service Funds 16,124 16,124
Enterprise Funds 89,095,603 90,957,840
Fiduciary Funds 10,213,256 12,286,548
Special Revenue Funds 13,963,418 16,258,450
General Ledger Cash Balances 184,961,129 207,723,126
*Total cash will differ from investment portfolio total due to outstanding checks and/or other
timing differences.
Note: Above information was obtained from the City's accounting system records. The above
information includes receipts from maturing investments and payments for purchased
investments in the city investment portfolio. This statement is prepared in compliance with the
City's Charter.
Statement of Cash Receipts&Disbursements December 2013.)1sx 1/16/2014
Item 1. - 36 11B - 2-
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$ in millions
Investment Tvp Market Value Book Value
Federal Agency Issues $ 113.7 $ 114.8
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Local Agency Investment Fund (LAIF $ 23.2 $ 23.2
Corporate Bonds $ 36.3 $ 36.4
Subtotal Investments* $ 173.2 $ 174.5
Cash in Bank $ 30.9 $ 30.9
Total Portfolio $ 204.1 $ 205.4
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s Fiscal YTD Earnings: $318,907
• FYTD Effective Rate of Return : 0 . 75% l
versus benchmark: 0 .29%
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• Corporate Notes
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ept.ID CT 13-003 Page 1 of 1
Meeting Date: 11/4/2013
CITY OF HUNTINGTON BEACH
REQUEST FOR. CITY COUNCIL. ACTION
MEETING DATE: 11/4/2013
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Fred A. Wilson, City Manager
PREPARED BY: Alisa Cutchen, City Treasurer
SUBJECT: Receive and File the City Treasurer's September 2013 Quarterly Investment
Summary Report
Statement of Issue: Receive and File the City Treasurer's Quarterly Investment Report for
September 2013, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
Financial Impact: Not Applicable.
Recommended Action:
Receive and File the Quarterly Investment Report for September 2013, pursuant to Section 17.0 of
the Investment Policy of the City of Huntington Beach.
Alternative Actions : Deny or Critique Quarterly report.
Analysis: Not Applicable.
Environmental Status: Not Applicable.
Strategic Plan Goal:
Improve long-term financial sustainability. Enhance internal and external communication.
Attachment(s):
1. Treasurer's Quarterly Investment Report for September 2013
2. Treasurer's PowerPoint Presentation for September 2013
HB -11- Item 1. - 1
TAa%, nm- rryT * pi
City of Huntington Beach
Treasurer's Investment Report
Period Ending: September 30, 2013
Prepared by: Alisa Cutchen, City Treasurer
1 Page
Item 1. - 2 xB -12-
Economic and Market Overview:
A partial shutdown of the U.S. government loomed at the end of September, due to the debate
over federal spending issues. In addition, the question of raising the debt limit has dampened
any enthusiasm for the stock markets at quarter end. The Dow Jones Industrial Average closed
at 15,129 on September 30, 2013, up only slightly from the previous quarter ending of 14,909
(6/28/13 close).
On the employment front, surveys and reports for the month of September are trending toward
slower growth. However, one of the bright spots in recent labor data has been the continuing
decline of jobless claims, which are steadily trending back to pre-recession levels.
Unfortunately, declining jobless claims do not guarantee stronger payroll numbers (more jobs).
The news in housing was somewhat reassuring in that the damage from higher mortgage rates
may be temporary and relatively well contained. New home sales steadied in August after a
sharp fall in July.
Portfolio Overview:
As of September 30, 2013:
%of YTM
Investment Type Market Value Book Value Portfolio 365_day Policy Limit
Federal Agency Issues 134,720,437 136,245,075 73% 0.95% None
Local Agency Investment Fund (LAIF) 23,201,577 23,201,577 13% 0.26% $50 million
Corporate Bonds 26,095,226 26,253,169 14% 0.89% 20%
Totals 184,017,240 185,699,821 100% 0.85%
As of September 30, 2013, the market value of the investment portfolio was $184 million, with a
book value of $185.7 million. Additionally, on September 30, 2013, there was a balance of
approximately $21 million in the City's bank account for near-term operational availability. This
balance is larger than is typical because there are pending payments to the State regarding the
dissolution of the Redevelopment Agency (RDA). It is anticipated that these payments will be
made in the fourth quarter of 2013. Additionally, interest rates have increased somewhat,
causing callable securities to remain in the portfolio hence, rendering these securities
unavailable for liquidity in the near-term.
The portfolio is invested in only those investments allowable by State regulations and the City's
Investment Policy. Such investments are purchased to meet the portfolio objectives of
preservation of principal, maintenance of sufficient operating liquidity, and to attain a market rate
of return throughout budgetary and economic cycles, in that order of absolute priority.
2 Page
HB -13- Item 1. - 3
Currently, City funds are invested in Federal Agency Securities, Corporate Notes and the State
of California's Local Agency Investment Fund (LAIF). The four federal government sponsored
entities (agencies) that the City purchases the securities from are: Federal Home Loan Bank
(FHLB), Federal Home Loan Mortgage Corporation (FHLMC/Freddie Mac), Federal National
Mortgage Association (FNMA/Fannie Mae) and Federal Farm Credit Bank (FFCB/Farm Credit).
Corporate notes are obligations of corporations. All corporate notes are "A" rated or its
equivalent or better, per the City's Investment Policy. LAW offers local agencies the opportunity
to participate in a major portfolio with overnight liquidity managed by the State of California
Treasurer's Office (please see http://www.treasurer.ca.ciov/i)mia-laif for more information). LAW
has been utilized for the City's liquidity portfolio as the yield received at this time is greater than
that of similar liquid investments, such as money market accounts, short-term Treasury Bills,
and commercial paper.
Book Value History
$ in millions
$250
203.7
$200 194.7 186.7 191.0 195.7
164.2 162.5
174.2 179.7
157.5 156.2 ,
$150
$100
$50
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The book value of the portfolio of $185.7 million as of September 30, 2013 remains within
historical norms. The balance fluctuates with the seasonal and budgetary operational needs of
the City.
.......
3 Page
Item 1. - 4 HB -14-
Portfolio Earnings and Performance:
Monthly Earnings $120,871
Interest: $136,630
Ad' Pre miumsJDiscounts -$15,759
Capital Gains: $0
Monthly Budgeted Interest Income $112,000
Monthly Effective Rate of Return 0.74%
Fiscal YTD Earnings $1,372,940
Fiscal YTD Budget $1,344,000
Fiscal YTD Effective Rate of Return 0.75%
Benchmark(1) a28%
Bank Cash Balance at 6/28/13 $21 million
(1)Benchmark: The average of the monthly LAIF rate and the 12-month rolling average 2-year
Constant Maturity Treasury(CMT)rate,per Investment PoI icy State ment.
Monthly investment earnings for September 30, 2013, were $120,871. The monthly effective
rate of return was 0.74%, with a fiscal year 2012-13 effective rate of return of 0.75%.
The portfolio yield overall continues to decline as expected, due to the historically low interest
rates. It is anticipated that the portfolio yield will remain at these low levels and that it will take
some time for portfolio yields to increase, even as interest rates begin to move upward, as
existing securities will continue to remain in the portfolio until maturity, unless they are sold.
Portfolio Activity:
Quarterly Activity: For the quarter ending September 30, 2013, federal agency redemptions
(matured or called) totaled $3MM, a $250,000 certificate of deposit matured, and there were no
corporate note redemptions. Total purchases for the quarter consisted of $13MM in federal
agency securities.
Monthly Activity: For the month of September 2013, a total of $3MM in federal agency
securities matured or were called and no corporate notes matured. All of the corporate notes
previously held (that were part of an FDIC-backed program), matured during the calendar year
2012. These bonds had yields at around 2%. Unfortunately, due in part to their expiration, we
have seen a decrease in the return of the portfolio overall. During September, $15MM was
transferred from LAIF to the operating account for seasonal operating requirements as well as
for the additional funds due to the State Department of Finance (from the previously disbanded
RDA).
.................. .
4 Page
HB -1 5- Item 1. - 5
Compliance:
The portfolio is in conformity with all relevant State regulations and the City's Investment Policy
statement filed with the City Council on November 5, 2012. 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.
_
5 1 P a g e
Item 1. - 6 HB -16-
Additional Information:
Retirement Plan Information as of June 30, 2013:
(Due to the delay in statement receipt, information is from previous quarter.)
City of Huntington Beach -Pension/Trust Plans -Market Value Summary
Deferred Compensation Plan Summary Information
as of June 30,2013
Beginning Contributions Distributions/ Earnings Other Fees/ Ending
Balance Transfers (change in Adjustments Balance
(4-1-13) value) (6-30-13)
Gain/Loss/
Reporting is Quarterly Interest
iCMARetirement Corporation(457 Plan) $34,442,227 $551,477 ($430,315) $277,992 ($3,357) $34,838,024
Nationwide Retirement Solutions(457 Plan) $64,135,219 $773,416 ($1,774,184) $492,667 ($1,325) $63,625,793
Total Deferred Compensation Plan Balances $98,577.446 $1.324.893 ($2,204,499) $770,659 ($4,682) $98,463,817
City of Huntington Beach
Retiree Medical Trust Summary Information
as of June 30,2013
Beginning Contributions Distributions/ Earnings Other Fees/ Ending
Balance Transfers (change in Adjustments Balance
Reporting is Quarterly (4-1-13) value) (6-30-13)
CalPERS Retiree Medical Trust Account $11,833,018 $698,000 $0 ($432,565) ($4,538) $12,093,915
City of Huntington Beach
Supplemental Pension Trust Summary Information(monthly reporting,not quarterly)
as of June 30,2013
Beginning Employer Interest& Realized Change in Other Trust Fees/ Ending
Balance Contributions Dividends Gain/Loss Unrealized Adjustments Balance
Plus Net Gains/Losses (6-30-13)
(6-1-13) Accrued
Reporting is Monthly Income
Supplemental Pension Trust Account $37,061.187 $0 $114.965 $10,194 ($929,317) ($4,918) $36,252,111
6 Page
HB -1 7_ Item 1. - 7
Bond Reserve Accounts - Balances as of September 30, 2013:
Summary of Investments by Bond Issue
As of September 30,2013
Value as of
Bond Issue September 30,2013
,.�...._.. .....__ _
City of Huntington Beach 2004JudgmentObligation Bonds(Property Tax Refunds) 1,159
Huntington Beach Public Financing Authority Lease Refunding Bonds 2010Series A 1,242,921
Huntington Beach Public Financing Authority Lease Revenue Refunding Bonds 2011Series A _ 3,087,553
....... .........__.. ........... .........--
Redevelopment Agency of Huntington Beach-1999Tax Allocation Refunding Bonds(1/3 of 1992) 753,983
Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(2/3 of 1992) 1668 880
.. ....
n 11 gton Beach Community Facilities District No 1990-12001Special Tax Bonds(Goldenwest-Ellis) 323,540
Huntington Beach Community Facilities District No.2000-12001 S peci al Tax Bonds(Grand Coast-Hyatt) 21
Huntington Beach Community Facilities District No.2000-12013 Special Tax Bonds(Grand Coast-Hyatt) _. 1 104 786
_t
Huntington Beach Community Facilities District No.2002 12002 Special Tax Bonds(McDonnell Centre Business Park) 495,749 '
- ....
Huntington Beach Community Facilities District No 2003 12013Special Tax Bonds (Huntington Center Bella Terra) 1,702,479
10,381,070
... _
7 Page
Item 1. - 8 xB -18-
ATTACHMENT #2
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Investment Portfolio
As of September 30, 2013:
$ in Millions
of
Investment Type Market Value Book Value Portfolio
Federal Agency Issues $ 134.7 $ 136.2 73%
LAW 23.2 23.2 13%
Corporate Bonds 26.1 26.3 14%
Totals $ 184.0 $185.7 100%
Investment Portfolio
Market Value by Investment Type:
14%
CORPORATE
x BONDS
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73%
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Portfolio Performance at 9/30/ 13
� o Monthly Earnings : $ 120 ,861
e Fiscal YTD Earnings: $ 1, 372 , 129
FY12-13 Effective Rate of Return : 0 . 75%
a In Compliance / NO LOSSES
3
- CA State Government Code j
Commonly Utilized
Allowable Investments �
o Certificates of Deposit (CDs)
a Money Market Accounts
Commercial Paper
o U .S . Treasury Bills, Bonds and Notes
U .S . Federal Agency Issues ail
Corporate Notes
LAI F (CA State Pool )
L;urrent Investment Rates at 9/30/ 13
LAIF Rate. 0.26%
(overnight availability)
N
o 268-day Commercial Paper: 0.19%*
Y,
2-Yea r Treasury Note: 0.32%
® 2 Year Federal Agency (no call ): 0.37%
CD *GE Capital Corp 268-day commercial paper offered by UBS
C3�
QUESTIONS?
CITY OF HUNTINGTON BEACH
INTER-DEPARTMENTAL COMMUNICATION
a OFFICE OF THE CITY TREASURER
TO: Joan Flynn, City Clerk
FROM: Alisa Cutchen, City Treasurer
DATE: October 31, 2013
SUBJECT: SUPPLEMENTAL COMMUNICATION FOR CITY TREASURER'S
QUARTERLY REPORT (FOR CITY COUNCIL MEETING ON 11-4-13)
Attached please find the Supplemental Communication Pages which accompany the
City Treasurer's Quarterly Report for July-August-September 2013. This is City
Treasurer's item #13-003, which is being presented to City Council at their November 4,
2013 meeting.
SUPPLEMENTAL
COMMUNICATION
Meeting Date:
Agenda Item No.
;���tlacro
�F—�r�aerax�T�y40.9
City of Huntington Beach
City of HB 2000 Main St.
Huntington Beach,
- -�' Portfolio Management
Portfolio Summary
yc�C0 N CP-�
July 31,2013
Investments Par Market Book %of Days to YTM YTM
Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv.
Federal Agency Issues-Coupon 131,275,862.07 130,189,165.17 131,245,541.09 67.05 1,560 1,282 0.924 0.937
Local Agency Investment Funds 38,201,577.32 38,201,577.32 38,201,577.32 19.52 1 1 0.263 0.267
Corporate Bonds 25,960,000.00 26,162,814.40 26,286,362.98 13.43 1,113 806 0.877 0.890
Investments 195,437,439.39 194,553,556.89 195,733,481.39 100.00% 1,196 968 0.789 0.800
Cash and Accrued Interest
Accrued Interest at Purchase 17,1D4.16 17,104.16
Subtotal 17,104.16 17,104.16
Total Cash and Investments 195,437,439.39 194,570,661.05 195,750,585.56 1,196 968 0.789 0.800
Total Eamings July 31 Month Ending Fiscal Year To Date Fiscal Year Ending
Current Year 116,296.78 1,132,110.95
Current Budget 112,000.00 1,120,000.00 1,344,000.00
Last Year Actual 156,250.00 1,562,500.00 1,875,000.00
Average Daily Balance 192,214,287.10 178,771,718.41
Effective Rate of Return 0.71% 0.76%
I certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 5,2012. A copy of
this policy is available at the offs 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 LnteractivCo ration.
Alisa Catchen,CITY TREASURER
Reporting period 0 7/0112 0 1 3-07/3 1120 1 3 Portfolio CITY
AP
Run Date:10/17/2013-10:14 PM(PRF PM1)7.3.0
Report Ver.7.3.3b
City of HB
Portfolio Management Page 1
Portfolio Details -Investments
July 31,2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date
Certificates of Deposit
Subtotal and Average 193,648.39
Federal Agency Issues-Coupon
3133EAUE6 3932 Federal Farm Credit Bank 06/14/2012 5,000,000.00 5,000,350.00 5,000,000.00 0.875 AA 0.875 1,048 06/14/2016
3133EAUE6 3933 Federal Farm Credit Bank 06/14/2012 5,000,000.00 5,000,350.00 5,000,000.00 0,875 AA 0.875 1,048 06/14/2016
3133EAJ33 3942 Federat Farm Credit Bank 08/15/2012 5,000,000.00 4,996,350.00 4,998,100.69 0.730 AA 0.743 1,110 08/15/2016
3133EAP77 3944 Federal Farm Credit Bank 08/27/2012 5,000,000.00 5,001,500.00 5,000,600.00 0.480 AA 0.480 756 08/27/2015
3133805K9 3941 Federal Home Loan Bank 08/08/2012 3,275,862.07 3,262,955.17 3,275,498.57 0.720 AA 0.724 1,103 08/08/2016
313381M44 3953 Federal Home Loan Bank 12/2812012 5,000,000.00 4,952,250.00 5,000,000.00 0.650 AA 0.650 1.245 12128/2016
3134G3FC9 3920 Federal Home Loan Mort Corp 01/09/2012 5,000,000.00 5,014,150.00 5,000,000.00 1.000 AA 1.000 790 09/30/2015
3134G3KC3 3922 Federal Home Loan Mort Corp 01127/2012 5,000,000.00 5,017,250.00 5,000,000.00 1.000 AA 1.000 909 01/27/2016
3134G3LU2 3925 Federal Home Loan Mort Corp 02114/2012 5,000,cco.00 5,017,450.00 5,000,000.00 1.c50 AA 1.316 1,293 02114/2017
3134G3B90 3940 Federal Home Loan Mort Corp 08/15/2012 5,000.000.00 4,922,150.00 5,000,000.00 0.875 AA 0.875 1,475 08/15/2017
3134G33B4 3952 Federal Home Loan Mort Corp 01/1112013 5,000,000.00 4,899,150.00 5,000,000.00 1.000 AA 1.000 1,624 c1/1 112 01 8
3134G47G7 3980 Federal Home Loan Mort Corp c6/26/2013 5,000,000.00 4,915,7c0.00 5,000,000.00 1.400 AA 1.400 1,790 06/26/2018
3134G4CUO 3981 Federal Home Loan Mort Corp 07/2412013 5.000,000.00 5,002.250.00 5,000,000,00 0.500 AA 0.500 722 07/24/2015
31398A31-4 3854 Fed.Nat'l Mort.Assoc. 09/17/2010 3,000,000.00 3,003,960.00 3,000,000.00 1.125 AA 1.125 47 09/17/2013
3136GOMK4 3931 Fed.Nat'l Mort.Assoc. 06/21/2012 5,000,000.00 4,983,900.00 5,0c0,000.00 1.000 AA 1.246 1,420 06/21/2017
3135GORK1 3945 Fed.Nat'l Mort.Assoc. 11/07/2012 5,000,000.00 4,902,100.00 5,000,000.00 0.900 AA 0.900 1,559 11/07/2017
3136GO7K1 3947 Fed.Nat'l Mort.Assoc. 12107/2012 5,000,000.00 4,914,250.00 5,000,000.00 0.700 AA 1.002 1,588 12106/2017
3136G17E3 3950 Fed.Nat'l Mort,Assoc. 12/26/2012 5,000,000.00 4.931,400.00 5,000,000.00 0.650 AA 1.042 1,608 12126/2017
3136GlA66 3951 Fed.Nat'I Mort.Assoc. 12/26/2012 5,000,c00.00 4,942,150.00 5,000,000.00 0.700 AA 1.053 1,608 12126/2017
3135GOSBO 3954 Fed.Nat'l Mort.Assoc. 12121/2012 5,000,000.00 4,980,400.00 4,992,275.93 0.375 AA 0.440 872 12121/2015
3136G1AY5 3955 Fed.Nat'l Mort.Assoc. 01/30/2013 5,000,OOo_00 4,948,900.00 5,000,000.00 0.750 AA 1.078 1,643 01/30/2018
3136GlCJ6 3957 Fed.Nat'l Mart.Assoc. 02121/2013 5,000,000.00 4,905,700.00 5.000,000.00 0.750 AA 1.193 1,665 02121/2018
3136G1E62 3961 Fed.Nat'l Mort.Assoc. 02125/2013 5,000,c00.00 4,969,300.00 5,000,000.00 0.600 AA 0.6c0 1,12c 08/25/2016
3136GIFBO 3963 Fed.Nat'I Mort.Assoc. 02128/2013 5,000,000.00 4,961,050.00 5,000,000.00 0.750 AA 1.435 1,672 02/28/2018
3136G1EPO 3964 Fed.Nat'I Mort.Assoc. 03/1212013 5,000,000.00 4,853,650.00 5,000,000.00 1.100 AA 1.100 1,684 03/1212018
3135GOYA5 3978 Fed.Nat'l Mort.Assoc. 06/19/2013 5,000,000.00 4,968,200.00 5,000,000.00 0.750 AA 0.750 1,236 12119/2016
313SGlNBI 3979 Fed.Nall Mort.Assoc. c6/1912013 5,000,000.00 4,922,350.00 4,979,665.90 0.800 AA 0.907 1,418 06/19/2017
Subtotal and Average 127,535,504.48 13l,275,86Z.07 130,189,165.17 131,245,541.09 0.937 1,282
Local Agency Investment Funds
SYS982 982 Laf City 38,201,577.32 38,201,577.32 38,201,577.32 0.267 0.267 1
Subtotal and Average 38,191,108.26 38,201,577.32 38,201,577.32 38,201,677.32 0.267 1
Portfolio CITY
AP
Run Date:10/172013=10:14
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City of 1-113
Portfolio [Management Page 2
Portfolio Details-Investments
July 31,2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date
Corporate Bonds
037833AJ9 3976 Apple Inc. 05/28/2013 3,000,000.00 2,885,820.00 2,979,166.65 1.211 AA 1.366 1,736 05/03/2018
084664ATS 3895 Berkshire Hathaway Fin 08/26/2011 1,310,000.00 1,390,944.90 1,374,217.90 4.850 AA 1.390 532 01/15/2015
14912L4Y4 3930 Caterpillar Financial Corp. 05/30/2012 2,000,000.00 2,017,240.00 2,005,787.63 1.125 A 0.911 501 12/15/2014
14912L5DS 3936 Caterpillar Financial Corp. 08/03/2012 3,000,000.00 3,023,850.00 3,031,514.06 1.100 A 0.520 666 0512SM15
36962G4X9 3906 General Electric Capital Corp 09/29/2011 2,000,000.00 2,015,520.00 2,004,489.29 2.100 AA 1.570 159 01/07/2014
36962G4G6 3949 General Electric Capital Corp 12/14/2012 1,650,000.00 1,715,059.50 1,713,695.72 3.750 AA 0.722 . 470 11/14/2014
36962GSR0 3956 General Electric Capital Corp 01/25/2013 2,000,000.00 1,996,380.00 2,000,957.03 1.000 AA 0.980 890 01/08/2016
24422ERK7 3937 John Deere Capital 08/03/2012 3,000,000.00 3,030,510.00 3,031,250.67 1.250 A 0.465 488 12/02/2014
24422ERS0 3948 John Deere Capital 12/11/2012 2,000,000.00 2,012,100.00 2,014,389.54 0.950 A 0.570 697 06/29/2015
674599CB9 3977 Occidental Petroleum 05/28/2013 3,000,000.00 3,011,130.00 3,071,694.66 1.750 A 1.055 1,294 02/15/2017
931142CX9 3943 Wal-Mart Stores 08/14/2012 3,000,000.00 3,064,260.00 3,059,199.83 1.500 AA 0.606 815 10/25/2015
Subtotal and Average 26,294,125.97 25,960,000.00 26,162,814.40 26,286,362.98 0.890 806
Total and Average 192,214,287.10 195,437,439.39 194,553,556.89 195,733,481.39 0.800 968
�1
Portfolio CITY
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City of HB
Portfolio Management Page 3
Portfolio Details-Cash
July 31, 2013
Average Purchase Stated YiM 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 17,104.16 17,104.16 0
Subtotal 17.104.16 17,104.16
Total Cash and Investments 192,214,287.10 195,437,439.39 194,570,661.05 195,750,585.56 0.800 968
Portfolio CITY
AP
Run Date:1011 72013-1 0!14 - PM(PRF PM2)7.3.0
City of.HB
Portfolio Management Page 1
Activity By Type
July 1, 2013 through July 31,2013
Stated Transaction Purchases Redemptions
CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance
Certificates of Deposit
06426GAA5 3946 Bank of the West 0.600 0712512M3 0.00 250,000.00
Subtotal 0.00 250,000.00 0.00
Federal Agency Issues-Coupon
3134G4CU0 3981 Federal Home Loan Mort Corp 0.500 07/24/2013 5,000,000.00 0.00
Subtotal 5,000,000.00 0.00 131,245,541.09
Local Agency Investment Funds (Monthly Summary)
SYS982 982 Laif City 0.267 23,181.48 0.00
Subtotal 23,181.48 0.00 38,201,577.32
Corporate Bonds
Subtotal 26,286,362.98
Total 5,023,181.48 250,000.00 195,733,481.39
Portfolio CITY
AP
Run Date:10/172013-10:14 PM(PRF PM3)7.3.0
Report Ver.7.3.3b
City of 1-113
Portfolio Management Page 1
Activity Summary
July 2012 through July 2013
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 Tenn Days to Maturity
July 2012 33 178,453,606.72 1.011 1.025 0.363 0 4 1,133 964
August 2012 39 178,919,282.36 1.034 1.049 0.377 7 1 1,320 1,129
September 2012 37 169,501,918.57 1.000 1.014 0.348 0 2 1,299 1,099
October 2012 35 163,378,685.54 0.968 0.981 0.348 1 2 1,283 1,071
November 2012 36 161,479,959.57 0.963 0.976. 0.324 1 0 1,299 1,068
December 2012 35 160,292,718.24 0.903 0.915 0.326 7 8 1,340 1,159
January 2013 34 182,030,04828 0.755 0.765 0.300 3 4 1,102 959
February 2013 37 183,986,10122 0.756 0.767 0.286 4 1 1,125 983
March 2013 37 186,749,407.36 0.782 0.793 0.285 1 1 1,193 1,026
April 2013 37 186,686,547.88 0.777 0.788 0.264 0 0 1,193 1,002
May 2013 37 185,019,750.49 0.781 0.792 0.245 2 2 1,205 995
June 2013 39 186,325,484.36 0.782 0.793 0.244 3 2 1,207 998
July 2013 39 192,214,287.10 0.789 0.800 0.267 1 1 1,196 968
Average 37 178,056,109.89 0.869% 0.881% 0.306 2 2 1,223 1,032
Portfolio CITY
AP
Run Date:1 011 7201 3-1 0:14 PM(PRF PM4)7.3.0
Report Ver.73.3b
City of HB
Portfolio Management Page 1
Interest Earnings Summary
July 31, 2013
July 31 Month Ending Fiscal Year To Date
CD/Coupon/Discount Investments:
Interest Collected 166,306.39 1,267,91823
Plus Accrued Interest at End of Period 294,966.43 294,966.43
Less Accrued Interest at Beginning of Period ( 337,471.98) ( 355,34B.37)
Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
Interest Earned during Period 123,BOO.B4 1,207,536.29
Adjusted by Premiums and Discounts 15,828.84 -156,968.33
Adjusted by Capital Gains or Losses 0.00 4,891.84
Earnings during Periods 107,972.00 1,055,459.80
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 23,181.48 93,702.75
Plus Accrued Interest at End of Period 10,506.07 10,506.07
Less Accrued Interest at Beginning of Period ( 25,362.77) ( 27,557.67)
Interest Earned during Period 8,324.78 76,651.15
Total Interest Earned during Period 132,125.62 1,284,187.44
Total Adjustments from Premiums and Discounts 45,828.84 -156,968.33
Total Capital Gains or Losses 0.00 4,891.84
Total Earnings during Period 116,296.78 1,132,110.95
Portfolio CITY
AP
Run Date:10/172013-1 0:14 PM(PRF PM6)7.3.0
Report Ver.7.3.3b
State of California
Pooled Money Investment Account
Market Valuation
7/31/2013
o s
FS
United States Treasury:
Bills $ 17,370,413,329.69 $ 17,389,577,750.00 NA
Notes $ 17,265,640,752.66 $ 17,280,594,000.00 $ 16,799,649.50
Federal Agency:
SBA $ 532,213,188.78 $ 530,916,915.30 $ 523,571.65
MBS-REMICs $ 180,193,376.21 $ 196,283,137.89 $ 861,203.38
Debentures $ 1,229,014,505.38 $ 1,225,292,500.00 $ 6,095,430.50
Debentures FR $ - $ - $ -
Discount Notes $ 2,248,663,446.13 $ 2,249,670,600.00 NA
GNMA $ 351.63 $ 353.23 $ 3.66
IBRD Debenture $ 460,053,540.85 $ 450,319,000.00 $ 295,139.00
IBRD Deb FR $ - $ - $ -
CDs and YCDs FR $ 400,000,000.00 $ 400,000,000.00 $ 403,841.66
Bank Notes $ - $ - $ -
CDs and YCDs $ 3,770,048,081.32 $ 3,767,897,965.38 $ 2,160,686.13
Commercial Paper $ 1,329,669,700.00 $ 1,329,582,476.00 NA
Corporate:
Bonds FR $ - $ - $ -
Bonds $ - $ - $ -
Repurchase Agreements $ - $ - $ -
Reverse Repurchase $ - $ - $ -
Time Deposits $ 4,419,640,000.00 $ 4,419,640,000.00 NA
AB 55&GF Loans $ 6,488,966,443.82 $ 5,488,965,443.82 NA
TOTAL $ 54,684,215,716.37 $ 54,728,640,040.62 $ 26,139,525.48
Fair Value Including Accrued Interest $ 64,764,779,666.10
Repurchase Agreements,Time Deposits,AB 55&General Fund loans,and
Reverse Repurchase agreements are carried at portfolio book value(carrying cost).
Statement of Cash Receipts and Disbursements and
Summary of Cash by Fund
Finance Department
July 2013
Cash Receipts and Disbursements June 2013 July 2013
Receipts
Property Tax Receipts $649,420 $579,064
Utility Tax Receipts (UUT) 1,647,844 1,594,293
Sales Tax Receipts 2,704,524 2,026,370
1/2 Cent Safety Sales Tax Receipts 192,874 154,674
Highway Users Tax Receipts (HUT) 365,135 386,289
Transient Occupancy Tax Receipts (TOT) 573,551 814,930
Government Funds 92,446 15,726
Capital Funds 2,003,246 579,612
Debt Service Funds - -
Enterprise Funds 5,391,702 5,646,028
Fiduciary Funds 8,635,596 1,222,150
Special Revenue Funds 1,308,567 2,449,083
All Other Receipts 7,163,753 6,282,822
Total Receipts $30,728,658 $21,751,041
Disbursements
Total Disbursements (22,329,531) (25,876,569)
Net Change in Cash Flow $8,399,127 ($4,125,528)
Summary of Cash by Fund June 2013 July 2013
General Fund 81,819,016 74,733,541
Government Funds 1,167,730 1,106,937
Capital Funds 14,150,397 14,718,611
Debt Service Funds 15,630 15,630
Enterprise Funds 92,722,817 95,742,390
Fiduciary Funds 25,274,497 23,809,076
Special Revenue Funds 16,511,582 17,546,463
General Ledger Cash Balances 231,661,670 227,672,647
"Total.cash will differ from investment portfolio total due to outstanding checks and/or other
timing differences.
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.
Statement of Cash Receipts&Disbursements June 2013.xlsx 8/27/2013
�vt1T I NGtO,y
of \tgonroa�T� d
- y City of Huntington Beach
_ City of HB 2000 Main St.
Huntington Beach,
Portfolio Management
yc`��ouNTv cP�`�`� Portfolio Summary
August 31,2013
Investments Par Market Book %of Days to YTM YTM
Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv.
Federal Agency Issues-Coupon 139,276,862.07 137,721,667.24 139,244,237.00 68.35 1,542 1,251 0.940 0.953
Local Agency Investment Funds 38,201,577.32 38,201,577.32 38,201,577.32 18.75 1 1 0.267 0.271
Corporate Bonds 25,960,000.00 26,095,226.30 26,269,766.16 12.90 1,114 775 0.877 0.890
203,437,439.39 202,018,470.86 203,715,580.48 100.00% 1,198 955 0.806 0.817
Investments
Cash and Accrued Interest
Accrued Interest at Purchase 2,083.33 2,083.33
Subtotal 2,083.33 2,083.33
Total Cash and Investments 203,437,439.39 202,020,554.19 203,717,663.81 1,198 955 0.806 0.817
Total Earnings August 31 Month Ending Fiscal Year To Date Fiscal Year Ending
Current Year 119,157.43 1,251,268.38
Current Budget 112,000.00 1,232,000.00 1,344,000.00
Last Year Actual 156,250.00 1,718,750.00 1,875,000.00
Average Daily Balance 198,208,053.41 180,570,304.63
Effective Rate of Return 0.71% 0.76%
I certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 5,2012. 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 Interacti�,ata Corporation.
Allsa Cutchen,CITY TREASURER
Reporting period 08/01/201 3-0 813 11201 3 Portfolio CITY
AP
Run Date:10/17/2013-10:15 PM(PRP PM1)7.3.0
Report Ver.7.3.3b
City of HB
Portfolio Management Page
Portfolio Details -Investments
August 31, 2013
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
3133EAUE6 3932 Federal Farm Credit Bank 06/1412012 5,000,000.00 4,999,700.00 5,000,000.00 0.875 AA 0.875 1,017 06/1412016
3133EAUE6 3933 Federal Farm Credit Bank 06/1412012 5,000,000.00 4,999,700.00 5,000,000.00 0.875 AA 0.875 1,017 06/14/2016
3133EAJ33 3942 Federal Farm Credit Bank 0811512012 5,000,000.00 4,979,800.00 4,998,152.78 0.730 AA 0.743 1,079 08/1512016
3133EAP77 3944 Federal Farm Credit Bank 08127/2012 5,000,000.00 5,000,050.00 5,000,000.00 0.480 AA, 0.480 725 08127/2015
3133805K9 3941 Federal Home Loan Bank 0810812012 3,275,862.07 3,252,767.24 3,275,508.60 0.720 AA 0.724 1,072 08108/2016
313381M44 3953 Federal Home Loan Bank 12/28/2012 5,000,000.00 4,929,550.00 5,000,000.00 0.650 AA 0.650 1,214 12/28/2016
3134G3FC9 3920 Federal Home Loan Mort Corp 01/09/2012 5,000,000.00 5,011,500.00 5,000,000.00 1.000 AA 1.000 759 09/30/2015
3134G3KC3 3922 Federal Home Loan Mort Corp 01/27/2012 5,000,000.00 5.014,100.00 5,000,000.00 1.000 AA 1.000 878 01/27/2016
3134G3LU2 3925 Federal Home Loan Mort Corp 02/1412012 5,000,000.00 5,013,250.00 5,000,000.00 1.050 AA 1.316 1,262 02/14/2017
3134G3B90 3940 Federal Home Loan Mort Corp 08/1512012 5,000,000.00 4,888,200.00 5,000,000.00 0.875 AA 0.875 1,444 08/15/2017
3134G3384 3952 Federal Home Loan Mort Corp 01/11/2013 5,000.000.00 4,859,400.00 5,000,000.00 1.000 AA 1.000 1,593 01/11/2018
3134G47G7 3980 Federal Home Loan Mort Corp 06/2612013 5,000,000.00 4,891,300.00 5,000,000.00 1.400 AA 1.400 1,759 06/26/2018
3134G4CUO 3981 Federal Home Loan Mort Corp 07/2412013 5,000.000.00 4,998,750.00 5,000,000.00 0.500 AA 0.500 691 07/24/2015
31398AX4 3854 Fed.Nat'l Mort_Assoc. 09/17/2010 3,000.000.00 3,001,230.00 3,000,000.00 1.125 AA 1.125 16 09/17/2013
3136GOMK4 3931 Fed.Nat'l Mort.Assoc. 06/21/2012 5,000,000.00 4,962,200,00 5,000,000.00 1.000 AA 1.246 1,389 06121/2017
3135GORK1 3945 Fed.Nat'l Mort.Assoc. 11/0712012 5,000,000.00 4,872,700.00 5,000,000.00 0.900 AA 0.900 1,528 11/0712017
3136GO7K1 3947 Fed.Nat'l Mort.Assoc. 12/07/2012 5,000,000.00 4,889,900.00 - 5,000,000.00 0.700 AA 1.002 1,557 12/06/2017
3136G17E3 3950 Fed.Nat'l Mort.Assoc. 12/2612012 5,000,000.00 4,909,700.00 5,000,000.00 0.650 AA 1.042 1,577 12/26/2017
3136G1A66 3951 Fed.Nat'l Mort.Assoc. 12/26/2012 5,000,000.00 4,919,950.00 5,000,000.00 0.700 AA 1.053 1,577 12/2612017
3135GOSBO 3954 Fed.Nat'l Mort.Assoc, 12/21/2012 5.000,000.00 4,977,650,00 4,992,545.37 0.375 AA 0.440 841 12/21/2015
3136G1AY5 3955 Fed.Nat'l Mort.Assoc. 01/30/2013 5,000,000.00 4,926,500.00 5,000,000.00 0.750 AA 1.078 1,612 01/30/2018
3136G1CJ5 3957 Fed.Nat'l Mort.Assoc. 02/21/2013 5,000,000.00 4,878,400.00 5,000,000.00 0.750 AA 1.193 1,634 02/21/2018
3135GIE62 3961 Fed.Nat'l Mort.Assoc. 02/25/2013 5,000,000.00 4,954,000.00 5,000,000.00 0.600 AA 0.600 1,089 08/25/2016
3136G1F80 3963 Fed.Nat'l Mort.Assoc. 02/2812013 5,000,000.00 4,937,900.00 5,000,000.00 0.750 AA IA35 1,641 02/2812018
3136G1EPO 3964 Fed,Nat'l Mort.Assoc. 03/12/2013 5,000.000.00 4,821,850.00 5,000,000.00 1.100 AA 1.100 1,653 03/1212018
3135GOYA5 3978 Fed.Nat'l Mort.Assoc. 06/1912013 5,000,000.00 4,947,550.00 5,000,000.00 0.750 AA 0.750 1,205 1211912015
3136GINB1 3979 Fed.Nat'l Mort.Assoc. 05119/2013 51000,000.00 4,897,700.00 4,980,102.25 0.800 AA 0.907 1,387 06/19/2017
3135G1RR2 3982 Fed.Nat'l Mort.Assoc. 08119/2013 5,000,000.00 4,993,600.00 4,997,928.00 0.650 AA 0.667 901 02/19/2016
3136G1TE9 3983 Fed.Nat'l Mort.Assoc. OB/28/2013 3,000,000.00 2,992,770.00 3,000,000.00 1.000 AA 2.114 1,822 08/2812018
Subtotal and Average 133,728,946.91 139,275,862.07 137,721,667.24 139,244,237.00 0.953 1,251
Local Agency Investment Funds
SYS982 982 Laif City 38,201,577.32 38,201,577.32 38,201,577.32 0.271 0.271 1
Subtotal and Average 38,201,577.32 38,201,577.32 38,201,577.32 38,201,577.32 0.271 1
Portfolio CITY
AP
Run Date:1011712013-10:15 PM(PRF_PM2)7.3.0
Report Ver.7.3.3b
City of HB
Portfolio Management Page 2
Portfolio Details-Investments
August 31,2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value MarketVatue Book Value Rate S&P 365 Maturity Date
Corporate Bonds
037833AJB 3976 Apple Inc. 05/28/2013 3,000,000.00 2,866,140.00 2,979,531.72 1.211 AA 1.366 1,705 05/03/2018
084664AT8 3895 Berkshire Hathaway Fin 08/26/2011 1,310,000.00 1,386215.80 1,370,541.30 4.850 AA 1.390 501 01/15/2015
14912L4Y4 3930 Caterpillar Financial Corp. 05/30/2012 2,000,000.00 2,013,760.00 2,005,436.15 1.125 A 0,911 470 12/15/2014
14912L5D9 3936 Caterpillar Financial Corp. 08/03/2012 3,000,000.00 3,020,970.00 3,030,077.24 1.100 A 0.520 635 05/29/2015
36962G4X9 3906 General Electric Capital Corp 09/29/2011 2,000,000.00 2,011,900.00 2,003,625.97 2.100 AA 1.570 128 01/07/2014
36962G4G6 3949 General Electric Capital Corp 12/14/2012 1,650,000.00 1,710,340.50 1,709,568.56 3.750 AA 0.722 439 11/14/2014
36962G6R0 3956 General Electric Capital Corp 01/25/2013 2,000,000.00 1,990,480.00 2,000,924.29 1.000 AA 0.980 859 01/08/2016
24422ERK7 3937 John Deere Capital 08/03/2012 3,000,000.00 3,029,550.00. 3,029,301.56 1.250 A 0A65 457 12/02/2014
24422ERSO 3948 John Deere Capital 12/11/2012 2,000,000.00 2,011,780.00 2,013,762.09 0.950 A 0.570 666 06/29/2015
674599C89 3977 Occidental Petroleum 05/28/2013 3,000,000.00 3,000,240.00 3,070,006.40 1.750 A 1.055 1,263 02/15/2017
931142CX9 3943 Wal-Mart Stores 08/14/2012 3,000,000.00 3,053,850,00 3,056,990.88 1.500 AA 0.806 784 10/25/2015
Subtotal and Average 26,277,529.18 25,960,000.00 26,095,226.30 26,269,766.16 0.890 775
Total and Average 198,208,053.41 203,437,439.39 202,018,470.86 203,715,580A8 0.817 955
Portfolio CITY
AP
Run Date:10/l72013-10:15 PM(PRF_PM2)7.3.0
City of H13
Portfolio Management Page 3
Portfolio Detalls-Cash
August 31,2013
Average Purchase Stated Yl'M 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 2,083.33 2,083.33 0
Subtotal 2,083.33 2,083.33
Total Cash and Investments 198,208,053.41 203,437,439.39 202,020,554.19 203,717,663.81 0.817 955
Portfolio CITY
AP
Run Date:10/17/2013-10:15 PM(PRP PM2)7.3.0
City of HB
Portfolio Management
Page 1
Activity By Type
August 1,2013 through August 31, 2013
Stated Transaction Purchases Redemptions
CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance
Federal Agency Issues-Coupon
3136G1 RR2 3982 Fed.Net?Mort.Assoc. 0.650 0811912013 4,997,900.00 0.00
3136G1TE9 3983 Fed.Nafl Mort.Assoc. 1.000 0812812013 3,000,000.00 0.00
Subtotal 7,997,900.00 0.00 139,244,237.00
Local Agency Investment Funds (Monthly Summary)
Subtotal 38,201,677.32
Corporate Bonds
Subtotal 26,269,766.16
Total 7,997,900.00 0.00 203,715,580.48
Portfolio CITY
AP
Run Date:10/172013-10:15 PM(PRF PM3)7.3.0
Report Ver.7.3.3b
City of HB
Portfolio Management Page 1
Activity Summary
August 2012 through August 2013
Yield to Maturity Managed Number Number
Month Number of Average 360 365 Pool of Investments of Investments Average Average
End Year Securlties Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity
August 2012 39 178,919,282.36 1.034 1.049 0.377 7 1 1,320 1,129
September 2012 37 169,501,918.57 1.000 1.014 0.348 0 2 1,299 1,099
October 2012 35 163,378,685.54 0.968 0.981 0.348 1 2 1,283 1,071
November 2012 36 161,479,959.57 0.963 0.976 0.324 1 0 1,299 1,068
December 2012 35 160,292,718.24 0.903 0.915 0.326 7 8 1,340 1,159
January 2013 34 182,030,048.28 0.755 0.765 0.300 3 4 1,102 959
February 2013 37 183,986,101.22 0.756 0.767 0.286 4 1 1,125 983
March 2013 37 186,749,407.36 0.782 0.793 0.285 1 1 1,193 1,026
April 2013 37 186,686,547.88 0.777 0.788 0.264 0 0 1,193 1,002
May 2013 37 185,019,750.49 0.781 0.792 0.245 2 2 1,205 995
June 2013 39 186,325,484.36 0.782 0.793 0.244 3 2 1,207 998
July 2013 39 192,214,287.10 0.789 0.800 0.267 1 1 1,196 968
August 2013 41 198,208,053.41 0.806 0.817 0.271 2 0 1,198 965
Average 37 179,602,543.84 0.853% 0.865% 0.299 2 2 1,228 1,032
Portfolio CITY
AP -
Run Date:10/17/2013-10:15 PM(PRF PM4)7.3.0
Report Ver.7.3.3b
City of HB
Portfolio Management Page 1
Interest Earnings Summary
August 31,2013
August 31 Month Ending Fiscal Year To Date
CDICouponlDiscount Investments:
Interest Collected 153,897.28 1,421,815.51
Plus Accrued Interest at End of Period 267,700.42 267,700.42
Less Accrued Interest at Beginning of Period ( 294,966.43) ( 355,348.37)
Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
Interest Earned during Period 126,631.27 1,334,167.56
Adjusted by Premiums and Discounts -15,800.91 172,769.24
Adjusted by Capital Gains or Losses 0.00 4,891.84
Earnings during Periods 110,830.36 1,166,290.16
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
CashlChecking Accounts:
Interest Collected 0.00 93,702.75
Plus Accrued Interest at End of Period 18,833.14 18,833.14
Less Accrued Interest at Beginning of Period ( 10,506.07) ( 27,557.67)
Interest Earned during Period 8,327.07 84,978.22
Total Interest Earned during Period 134,958.34 1,419,145.78
Total Adjustments from Premiums and Discounts -15,800.91 -172,769.24
Total Capital Gains or Losses 0.00 4,891.84
Total Earnings during Period 119,157.43 1,251,268.38
Portfolio CITY
AP
Run Date:10/17/2013-10:15 PM(PRP PM6)7.3.0
Report Ver.7.3.3b
State of California
Pooled Money Investment Account
Market Valuation
8/31/2013
s I?
United States Treasury:
Bills $ 15,873,261,121.33 $ 15,890,144,100.00 NA
Notes $ 17,463,691,397.96 $ 17,466,670,000.00 $ 16,759,049.50
Federal Agency:
SBA $ 529,011,299.73 $ 526,349,347.25 $ 519,931.76
MBS-REMICs $ 168,114,615.55 $ 182,019,545.44 $ 802,425.84
Debentures $ 1,579,469,059.00 $ 1,573,622,620.00 $ 7,969,826.84
Debentures FR $ - $ - $ -
Discount Notes $ 2,847,923,180.59 $ 2,849,340,000.00 NA
GNMA- $ 250.63 $ 251.34 $ 2.61
IBRD Debenture $ 550,023,601.87, $ 550,114,000.00 $ 492,015.00
IBRD Deb FR $ - $ - $ -
CDs and YCDs FR $ 400,000,000.00 $ 400,000,000.00 $ 105,597.78
Bank Notes $ - $ - $ -
CDs and YCDs $ . 5,470,072,114.08 $ 5,466,681,651.39 $ 2,150,159.75
Commercial Paper $ 2,574,557,638.90 $ 2,574,523,819.46 NA
Corporate:
Bonds FR $ - $ - $ -
Bonds $ - $ - $ -
Repurchase Agreements $ - $ - $ -
Reverse Repurchase $ - $ - $ -
Time Deposits $ 4,369,640,000.00 $ 4,369,640,000.00 NA
AB 55&GF Loans $ 636,063,443.82 $ 636,063,443.82 NA
TOTAL $ 52,461,827,723.46 $ 52,485,168,778.70 $ 28,799,009.08
Fair Value Including Accrued Interest $ 52,513,967,787.78
Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and
Reverse Repurchase agreements are carried at portfolio book value(carrying cost).
Statement of Cash Receipts and Disbursements and
Summary of Cash by Fund
Finance Department
August 2013
Cash Receipts and Disbursements July 2013 August 2013
Receipts
Property Tax Receipts $579,064 $328,862
Utility Tax Receipts (UUT) 1,594,293 1,763,056
Sales Tax Receipts 2,026,370 2,689,200
1/2 Cent Safety Sales Tax Receipts 154,674 187,387
Highway Users Tax Receipts (HUT) 386,289 595,362
Transient Occupancy Tax Receipts (TOT) 814,930 1,056,732
Government Funds 15,726 295,705
Capital Funds 579,612 67,505
Debt Service Funds - 4,574,840
Enterprise Funds 5,646,028 5,541,978
Fiduciary Funds 1,222,150 1,204,500
Special Revenue Funds 2,449,083 1,313,703
All Other Receipts 6,282,822 4,962,055
Total Receipts $21,751,041 $24,580,886
Disbursements
Total Disbursements (25,876,569) (42,471,059)
Net Change in Cash Flow ($4,125,528) ($17,890,173)
Summary of Cash by Fund July 2013 August 2013
General Fund 74,733,541 66,497,100
Government Funds 1,106,937 1,085,344
Capital Funds 14,718,611 14,384,679
Debt Service Funds 15,630 3,571,883
Enterprise Funds 95,742,390 91,809,210
Fiduciary Funds 23,809,076 16,678,341
Special Revenue Funds 17,646,463 17,666,615
General Ledger Cash Balances 227,672,647 211,693,171
*Total cash will differ from investment portfolio total due to outstanding checks and/or other
timing differences.
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.
Statement of Cash Receipts&Disbursements June 2013.xlsx 9/27/2013
OVN�I N6T�y
DEC=l1pPPr0R,,T�
City of Huntington Beach
x City of HB 200o Main St.
y a Portfolio Management Huntington Beach,
9c AUNTY�P o�
Portfolio Summary
September 30,2013
Investments Tenn Mature Par Market Book %of o YTM YTM
Value Value Value Portfolio Maturity 360 Equiv. 365 Equiv.
Federal Agency Issues-Coupon 136,275,862.07 134,720,437.24 136,245,074.90 73.37 1,552 1,248 0.936 0.949
Local Agency Investment Funds 23,201,577.32 23,201,577.32 23,201,577.32 12.49 1 1 0.253 0.257
Corporate Bonds 25,960,000.00 26,095,226.30 26,253,169.38 14.14 1,114 745 0.877 0.890
investments 185,437,439.39 184,017,240.88 185,669,821.60 100.00% 1,296 1,021 0.843 0.854
Cash and Accrued Interest
Accrued Interest at Purchase 2,083.33 2,083.33
Subtotal 2,083.33 2,083.33
Total Cash and investments 185,437,439.39 184,019,324.19 185,701,904.93 1,296 1,021 0.843 0.854
Total Earnings September30 Month Ending Fiscal Year To Date Fiscal Year Ending
Current Year 120,860.62 1,372,129.00 1,372,129.00
Current Budget 112,000.00 1,344,000.00 1,344,000.00
Last Year Actual 156,250.00 1,875,000.00 1,875,000.00
Average Daily Balance. 199,307,438.40 182,110,343.02
Effective Rate of Return 0.74% 0.75%
1 certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 5,2012. A copy of
this policy is available at the office of#ae 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 Inte Data Corpo ,n.�
Alisa Cutchen,CITY TREASURER
Reporting period 0 910112 01 3-0913 012 01 3 Portfolio CITY
AP
Run Date:1 011 72013-1 0:18 PM(PRF PM1)7.3.0
Report Ver.7.3.3b
City of HB
Portfolio Management Page 1
Portfolio Details -Investments
September 30,2013
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
3133EAUE6 3932 Federal Farm Credit Bank 06/14/2012 5,000,000.00 4,999,700.00 5,000,000.00 0,875 AA 0.875 987 06/14/2016
3133EAUEG 3933 Federal Farm Credit Bank 06/14/2012 5,000,000.00 4,999,700.00 5,000,000.00 0.875 AA 0.875 987 06/14/2016
3133EAJ33 3942 Federal Farm Credit Bank 08/15/2012 5,000,000.00 4,979,800.00 4,998,204.86 0.730 AA 0.743 1,049 08/15/2016
3133EAP77 3944 Federal Farm Credit Bank 08/27/2012 5,000,000.00 5,000,050.00 5.000,000.00 0.480 AA 0.480 695 08/27/2015
3133805K9 3941 Federal Home Loan Bank 08/08/2012 3,275,862.07 3,252,767.24 3,275,518.63 0.720 AA 0.724 1,042 08/08/2016
313381M44 3953 Federal Home Loan Bank 12/28/2012 5,000,000.00 4,929,550.00 5,000,000.00 0.650 AA 0.650 1,184 12/28/2016
3134G3FC9 3920 Federal Home Loan Mort Corp 01/0912012 5,000,000.00 5,011,500.00 5,000,000.00 1.000 AA 1.000 729 09/30/2015
3134G3KC3 3922 Federal Home Loan Mort Corp 01/27/2012 5,000,000.00 5,014,100,00 5,000,000.00 1.000 AA 1.000 848 01/27/2016
3134G3LU2 3925 Federal Home Loan Mort Corp 02/14/2012 5,000,000.00 5,013,250.00 5,000,000.00 1.050. AA 1.316 1,232 02/14/2017
3134G3890 3940 Federal Home Loan Mort Corp 0811512012 5,000,000.00 4,888,200.00 5,000,000.00 0.875 AA 0.875 1,414 08/15/2017
3134G3384 3952 Federal Home Loan Mort Corp 01/11/2013 5,000,000.00 4,859,400.00 5,000,000.00 1.000 AA 1.000 1,563 01/11/2018
3134G47G7 3980 Federal Home Loan Mort Corp 06/26/2013 5,000,000.00 4,891,300.00 5,000,000.00 1.400 AA 1.400 1,729 06/26/2018
3134G4CUO 3981 Federal Home Loan Mort Corp 07/24/2013 5,000,000.00 4,998,750.00 5,000,000.00 0.500 AA 0.500 661 07/24/2015
3136GOMK4 3931 Fed.Nat'I Mort.Assoc, 06/21/2012 5,000,000.00 4,962,200.00 5,000,000.00 1.000 AA 1.246 1,359 06/21/2017
3135GORK1 3945 Fed.Nat'l Mort.Assoc. 11/07/2012 5,000,000.00 4,872,700.00 5,000,000.00 0.900 AA 0.900 1,498 11/07/2017
3136GO7K1 3947 Fed.Nat'l Mort.Assoc, 12/07/2012 5,000,000.00 4,889,900.00 5,000,000.00 0.700 AA 1.002 1,527 12/06/2017
3136G17E3 3950 Fed.Nat'l Mort.Assoc. 12/26/2012 5,000,000.00 4,909,700.00 5,000,000.00 0.650 AA 1.042 1,647 12J26/2017
3136G1A66 3951 Fed.Nat'l Mort.Assoc. 12/26/2012 5,000.000.00 4,919,950.00 5,000,000.00 0.700 AA 1.053 1,547 12/26/2017
3135GOSSO 3954 Fed_Narl Mort.Assoc. 12/21/2012 5,000,000.00 4,977,650.00 4,992,814.81 0.375 AA 0.440 811 12/21/2015
3136GIAY5 3965 Fed.Nat'l Mort.Assoc. 01/30/2013 5,000,000.00 4,926,500.00 5,000,000.00 0.750 AA 1.078 1,582 01/30/2018
3136G1CJ6 3957 Fed.Nat?Mort.Assoc. 02/21/2013 5,000,000.00 4,878,400.00 5,000,000.00 0.750 AA 1.193 1,604 02/2112018
3136G1E62 3961 Fed.Narl Mort.Assoc. 02/25/2013 5,000,000.00 4,954,000.00 5,000,000.00 0.600 AA 0.600 1,059 08/25/2016
3136GIFBO 3963 Fed.Natl Mort.Assoc. 02/28/2013 5,000,000.00 4,937,900.00 5,000,000.00 0.750 AA 1.435 1,611 02/28/2018
3136G1 EPO 3964 Fed.Narl Mort.Assoc. 03112/2013 5,000,000.00 4,821,850.00 5,000,000.00 1.100 AA 1.100 1,623 03/12/2018
3135GOYA5 3978 Fed.Nat'l Mort.Assoc. 06/19/2013 5,000,000.00 4,947,550.00 5,000,000.00 0.750 AA 0.750 1,175 12/19/2016
3136GINSI 3979 Fed.Natl Mort.Assoc, 06/19/2013 5,000,000.00 4,897,700.00 4,980,538.60 0.800 AA 0.907 1,357 06/19/2017
3136G1 RR2 3982 Fed.Narl Mort.Assoc, 08/19/2013 5,000,000.00 4,993,600.00 4,997,998.00 0.650 AA 0.667 871 02/19/2016
3136G1TE9 3983 Fed.Narl Mort.Assoc. 08/2812013 3,000,000.00 2,992,770.00 3,000,000.00 1.000 AA 2.114 1,792 08/28/2018
Subtotal and Average 137,844,669.92 136,275,862.07 134,720,437.24 136,245,074.90 0.949 1,248
Local Agency Investment Funds
SYS982 982 Laif City 23,201,577.32 23,201,577.32 23,201,577.32 0.257 0.257 1
Subtotal and Average 35,201,577.32 23,201,577.32 23,201,577.32 23,201,577.32 0.257 1
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Portfolio Details -Investments
September 30,2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Data Par Value Market Value Book Value Rate S&P 365 Maturity Date
Corporate Bonds
037833AJ9 3976 Apple Inc. 05/28/2013 3,000,000.00 2,866,140.00 2,979,896.79 1.211 AA 1.366 1,675 05/03/2018
084664ATB 3895 Berkshire Hathaway Fin 08/26/2011 1,310,000.00 1,386,215.80 1,366,864.70 4.850 AA 1.390 471 01/15/2015
14912L4Y4 3930 Caterpillar Financial Corp. 05130/2012 2,000,000.00 2,013,760.00 2,005,084.68 1.125 A 0.911 440 12f15/2014
149121-5D9 3936 Caterpillar Financial Corp. 08/03/2012 3,000,000.00 3,020,970.00 3,028,640.43 1.100 A 0.520 605 05/29/2015
36962G4X9 3906 General Electric Capita)Corp 09/29/2011 2,000,000.00 2,011,900.00 2,002,762.64 2-100 AA 1.570 98 01/07/2014
36962G4G6 3949 General Electric Capital Corp 12/14/2012 1,650,000.00 1,710,340.50 1,705,441.41 3.750 AA 0.722 409 11/14/2014
36962GGRO 3956 General Electric Capita)Corp 01/2512013 2,000,000.00 1,990,480.00 2,000,891.55 1.000 AA 0.980 829 01/08/2016
24422ERK7 3937 John Deere Capital 08/0312012 3,000,000.00 3,029,550.00 3,027,352.46 1.250 A 0.465 427 12/02/2014
24422ERSO 3948 John Deere Capital 12M 1/2012 2,000,000.00 2,011,780.00 2,013,134.64 0.950 A 0.570 636 06/29/2015
674599CBB 3977 Occidental Petroleum 05/2812013 3,000,000.00 3,000,240.00 3,068,318.15 1.750 A 1.055 1,233 02M5/2017
931142CX9 3943 Wal-Mart Stores 08/14/2012 3,000,000.00 3,053,850.00 3,054,781.93 1.500 AA 0.606 754 10/25/2015
Subtotal and Average 26,261,191.16 25,960,000.00 26,095,226.30 26,253,169.38 0.890 745
Total and Average 199,307,438.40 185,437,439.39 184,017,240.86 185,699,821.60 0.854 1,021
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Portfolio Details -Cash
September 30,2013
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 2,083.33 2,083.33 0
Subtotal 2,083.33 2,083.33
Total Cash and Investments 199,307,438.40 185,437,439.39 184,019,324.19 185,701,904.93 _ 0.854 1,021
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Activity By Type
September 1, 2013 through September 30,2013
Stated Transaction Purchases Redemptions
CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance
Federal Agency Issues-Coupon
31398A3L4 3854 Fed.Nat'I Mort.Assoc. 1.125 09/17/2013 0.00 3,000,000.00
Subtotal 0.00 3,000,000.00 136,245,074.90
Local Agency Investment Funds (Monthly Summary)
SYS982 982 Laif City 0.257 0.00 15,000,000.00
Subtotal 0.00 15,000,000.00 23,201,577.32
Corporate Bonds
Subtotal 26,253,169.38
Total 0.00 18,000,000.00 185,699,821.60
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Activity Summary
September 2012 through September 2013
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 2012 37 169,501,918.57 1.000 1.014 0.348 0 2 1,299 1,099
October 2012 35 163,378,685.54 0.968 0.981 0.348 1 2 1,283 1,071
November 2012 36 161,479,959.57 0.963 0.976 6.324 1 0 1,299 1,068
December 2012 35 160,292,718.24 0.903 0,915 0.326 7 8 1,340 1,159
January 2013 34 182,030,048.28 0.755 0.765 0.300 3 4 1,102 959
February 2013 37 183,986,101.22 0.756 0.767 0.286 4 1 1,125 983
March 2013 37 186,749,407.36 0.782 0.793 0.285 1 1 1,193 1,026
April 2013 37 186,686,547.88 0.777 0.788 0.264 0 0 1,193 1,002
May 2013 37 185,019,750.49 0.781 0.792 0.245 2 2 1,205 995
June 2013 39 186,325,484.36 0.782 0.793 0.244 3 2 1,207 998
July 2013 39 192,214,287.10 0.789 0.800 0.267 1 1 1,196 968
August 2013 41 198,208,053.41 0.806 0.817 0.271 2 0 1,198 955
September 2013 40 199,307,438.40 0.843 0.854 0.257 0 1 1,296 1,021
Average 37 181,152,741.17 0.839% 0.850% 0.290 2 2 1,226 1,023
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Interest Earnings Summary
September 30,2013
September30 Month Ending Fiscal Year To Date
CD/Coupon/Discount Investments:
Interest Collected 44,375.00 1,466,190.51
Plus Accrued Interest at End of Period 352,519.31 352,519.31
Less Accrued Interest at Beginning of Period ( 267,700.42) ( 355,348.37)
Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
Interest Earned during Period 129,193.89 1,463,361.45
Adjusted by Premiums and Discounts -15,758.88 188,528.12
Adjusted by Capital Gains or Losses 0.00 4,891.84
Earnings during Periods 113,435.01 1,279,725.17
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 0.00 93,702.75
Plus Accrued Interest at End of Period 26,258.75 26,258.75
Less Accrued Interest at Beginning of Period ( 18,833.14) ( 27,557.67)
Interest Earned during Period 7,425.61 92,403.83
Total Interest Earned during Period 136,619.50 1,565,765.28
Total Adjustments from Premiums and Discounts -15,758.88 -188,528.12
Total Capital Gains or Losses 0.00 4,891.94
Total Earnings during Period 120,860.62 1,372,129.00
Portfolio CITY
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State of California
Pooled Money Investment Account
Market Valuation
9/30/2013
United States Treasury:
Bills $ 16,073,980,700.39 $ 16,085,823,591.60 $ 16,091,287,550.00 NA
Notes $ 17,563,802,960.73 $ 17,563,335,015.37 $ 17,583,838,500.00 $ 14,889,100.00
Federal Agency:
SBA $ 568,038,119.90 $ 568,027,282.47 $ 564,112,809.12 $ 539,907.74
MBS-REMICs $ 159,739,683.78 $ 159,739,683.78 $ 173,101,489.62 $ 762,107.97
Debentures $ 1,574,993,399.51 $ 1,574,391,795.33 $ 1,573,284,600.00 $ 3,905,036.66
Debentures FR $ - $ $ - $ -
Discount Notes $ 2,548,035,458.35 $ 2,549,005,486.11 $ 2,549,679,000.00 NA
GNMA $ 109.26 $ 109.26 $ 109.34 $ 1.14
IBRD Debenture, $ 549,990,597.01 $ 549,990,597.01 $ 550,113,000.00 $ 710,762.50
IBRD Deb FIR $ - $ - $ $ -
CDs and YGDs FIR $ 400,000,000.00 $ 400,000,000.00 $ 400,000,000.00 $ 249,114.44
Bank Notes $ - $ - $ - $ -
CDs and YGDs $ 7,475,000,000.00 $ 7,475,000,000.00 1 7,472,128,794.54 $ 2,625,888.88
Commercial Paper $ 1,974,637,513.87 $ 1,974 883,972.23 $ 1,974,778,729.16 NA
Corporate:
Bonds FIR $ $ $ - $ -
Bonds $ $ $ - $ -
Repurchase Agreements $ $ $ - $ -
Reverse Repurchase $ - $ $ - $
Time Deposits $ 4,376,640,000.00 $ 4,376,640,000.00 $ 4,376,640,000.00 NA
AB 55&GF Loans $ 3,352,638,649.37 $ 3,352,638,649.37 $ 3,352,638,649.37 NA
TOTAL $ 56,617,497,192.17 $ 56,629,476,182.53 $ 56,661,603,231.15 $ 23,681,919.33
Fair Value Including Accrued Interest $ 56,685,285,150.48
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(1.00056732).
As an example:if an agency has an account balance of$20,000,000.00,then the agency would report ita
participation in the LAIF valued at$20,011,346.41 or$20,000,000.00 x1.00056732.
Statement of Cash Receipts and Disbursements and
Summary of Cash by Fund
Finance Department
September 2013
Cash Receipts and Disbursements August 2013 September 2013
Receipts
Property Tax Receipts $328,862 $1,318,716
Utility Tax Receipts (UUT) 1,763,056 1,855,975
Sales Tax Receipts 2,689,200 1,425,730
1/2 Cent Safety Sales Tax Receipts 187,387 171,804
Highway Users Tax Receipts (HUT) 695,362 -
Transient Occupancy Tax Receipts (TOT) 1,056,732 938,667
Government Funds 296,705 115,784
Capital Funds 67,505 373,617
Debt Service Funds 4,674,840 150,915
Enterprise Funds 5,541,978 6,265,255
Fiduciary Funds 1,204,500 5,780,028
Special Revenue Funds 1,313,703 2,498,674
All Other Receipts 4,962,055 5,876,561
Total Receipts $24,580,886 $26,771,615
Disbursements
Total Disbursements (42,471,059) (32,097,008)
Net Change in Cash Flow ($17,890,173) ($5,325,393)
_Summary of Cash by Fund August 2013 September 2013
General Fund 66,497,100 60,984089
Government Funds 1,085,344 1,029:506
Capital Funds 14,384,679 15,201,328
Debt Service Funds 3,571,883 16,726
Enterprise Funds 91,809,210 92,804,633
Fiduciary Funds 16,678,341 20,944,068
Special Revenue Funds 17,666,615 15,889,014
General Ledger Cash Balances 211,693,171 206,869,363
*Total cash will differ from investment portfolio total due to outstanding checks and/or other
timing differences.
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.
Statement of Cash Receipts&Disbursements September 2013.)tsx 1011612013
Dept.ID CT 13-002 Page 1 of 1
Meeting Date:8/5/2013
CITY OF HUNTINGTON BEACH
$3 , REQUEST FOR CITY COUNCIL ACTION
MEETING DATE: 8/5/2013
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Fred A. Wilson, City Manager
PREPARED BY: Alisa Cutchen, City Treasurer
SUBJECT: Receive and File the City Treasurer's June 2013 Quarterly Investment Summary
Report
Statement of Issue: Receive and File the City Treasurer's Quarterly Investment Report for June
2013, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
Financial Impact: Not Applicable.
Recommended Action:
Receive and File the Quarterly Investment Report for June 2013, pursuant to Section 17.0 of the
Investment Policy of the City of Huntington Beach.
Alternative Action(s): Deny or Critique Quarterly.report.
Analysis: Not Applicable
Environmental Status: Not Applicable
Strategic Plan Goal:
Improve long-term financial sustainability. Enhance internal and external communication.
Attachment(s):
1. Treasurer's Quarterly Investment Report for June 2013
2. Treasurer's PowerPoint Presentation for June 2013
HB -1 9- Item 2. - I
ATTAC H M E N T # 1
City of Huntington Beach
Treasurer's Investment Report
Period Ending: June 30, 2013
Prepared by: Alisa Cutchen, city Treasurer
I Page
HB -21- Item 2. - 3
Economic and Market Overview:
The overall U.S. economic picture remained fairly positive over the second quarter of 2013. In
June, consumer confidence rose to the highest levels in more than five years. This rising
confidence may be reflective of the stronger stock market and the improvements in the housing
and labor markets.
The employment picture continued to improve at a modest pace. The unemployment rate
remained unchanged at 7.6%.
Europe appears to have seen a moderation in the pace of economic decline, leading experts to
believe that the European recession may come to an end over the next few quarters.
At the mid-June Federal Reserve meeting, a tapering of the quantitative easing program was
suggested. This sent the yields on bonds in an upward direction. In particular, the 10-year
Treasury yield reached its highest level since August of 2011. Mortgage rates increased in line
with other rates. Over the past year, the Case-Shiller index jumped 12.1% for the top 20
housing markets (depicting a 12.1% home price increase).
The U.S. stock market ended June by posting one of the best first half of the year performances
since 1998. While both the S&P and Dow Jones Industrial Average (DJIA) were down slightly
for the month of June, the year-to-date (at 6/28/13) performances were strong with the S&P up
12.6% and the DJIA up 13.8%.
Portfolio Overview:
As of June 30, 2013:
%of YTIVI
Investment Type Market Value Book Value Portfolio 365-day Policy Limit
Certificates of Deposit 250,000 250,000 0.1% 0.61% 30%
Federal Agency Issues 124,951,016 126,244,773 66% 0.96% None
Local Agency Investment Fund (LAIF) 38,178,396 38,178,396 20% 0.24% $50 million
Corporate Bonds 26,121,740 26,302,960 14% 0.81% 20%
Totals 189,501,152 190,976,129 100% 0.79%
As of June 30, 2013, the market value of the investment portfolio was $189.5 million, with a
book value of $191 million. Additionally, at June 28, 2013, there was a balance of
approximately $41 million in the City's bank account for near-term operational availability. This
balance is larger than is typical because there are pending payments to the State regarding the
dissolution of the RDA. As well, interest rates have increased somewhat causing callable
securities to remain in the portfolio, thus not available for liquidity in the near-term.
The portfolio is invested in only those investments allowable by State regulations and the City's
Investment Policy. Such investments are purchased to meet the portfolio objectives of
2 1 P a g e
Item 2. - 4 HB -22-
preservation of principal, maintenance of sufficient operating liquidity, and to attain a market rate
of return throughout budgetary and economic cycles, in that order of absolute priority.
Currently, City funds are invested in Certificates of Deposit, Federal Agency Securities,
Corporate Notes and the State of California's Local Agency Investment Fund (LAIF). The four
federal government sponsored entities (agencies) that the City purchases the securities from
are: Federal Home Loan Bank (FHLB), Federal Home Loan Mortgage Corporation
(FHLMC/Freddie Mac), Federal National Mortgage Association (FNMA/Fannie Mae) and
Federal Farm Credit Bank (FFCB/Farm Credit). Corporate notes are obligations of corporations.
All corporate notes are "A" rated or its equivalent or better, per the City's Investment Policy.
LAIF offers local agencies the opportunity to participate in a major portfolio with overnight
liquidity managed by the State of California Treasurer's Office (please see
http://www.treasurer.ca.gov/pmia-laif for more information). LAW has been utilized for the City's
liquidity portfolio as the yield received far surpasses that of similarly liquid investments at this
time, including money market accounts, short-term Treasury Bills, and commercial paper.
Book Value History
$250 on Millions
183.1 $194.7 186.7 191.0
$200 180.1 $186.7 $186.0
$177.1 $174.2 $179.7
$164.2 $157.5$162.5
$156.2
$150
$100
$50
$0
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The book value of the portfolio of $191 million as of June 30, 2013 remains within historical
norms. The balance fluctuates with the seasonal and budgetary operational needs of the City.
3 1 P a g e
xB -23- Item 2. - 5
Portfolio Earnings and Performance:
Monthly Earnings $112,240
Monthly Budgeted Interest Income $112,000
Monthly Effective Rate of Return 0.73%
Fiscal YTD Earnings $1,009,959
Fiscal YTD Budget $1,008,000
Fiscal YTD Effective Rate of Return a76%
Benchmark(1) 0.26%
Bank Cash Balance at 6/28/13 $41MM
(1)Benchmark:The average of the monthly LAIF rate and the 12-month rolling average 2-year
Constant Maturity Treasu ry(CMT)rate,per Investment Policy Statement.
Monthly investment earnings for June 30, 2013, were $112,140. The monthly effective rate of
return of 0.73% increased from 0.68% for the month of March 2013. For the fiscal year 2012-
13, as of June 30, 2013, the effective rate of return was 0.76%, down from 0.80% for the
previous fiscal quarter.
The portfolio yield overall continues to decline as expected, due to the historically low interest
rates. It is anticipated that the portfolio yield will remain at these low levels and that it will take
some time for portfolio yields to increase, even as interest rates begin to move upward, as
existing securities will continue to remain in the portfolio until maturity, unless they are sold.
Portfolio Activity:
(quarterly Activity: For the quarter ending June 30, 2013, federal agency redemptions (matured
or called) totaled $16.7MM with no corporate note redemptions. Total purchases for the quarter
included $15MM in federal agency securities and $6MM in corporate notes.
Monthly Activity: For the month of June 2013, a total of $9.91VIM in federal agency securities
matured or were called and no corporate notes matured. All of the corporate notes previously
held (that were part of an FDIC-backed program), matured during the calendar year 2012.
These bonds had yields at around 2%. Unfortunately, due in part to their expiration, we have
seen a decrease in the return of the portfolio overall. Purchases for the month included
$14.9MM in federal agency securities and no corporate notes.
4 1 P a g e
Item 2. - 6 xB -24-
Compliance:
The portfolio is in conformity with all relevant State regulations and the city's Investment Policy
statement filed with the City Council on November 5, 2012. 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.
5 Page
xB -25- Item 2. - 7
Additional Information:
Retirement Plan Information as of March 31, 2013:
(Due to the delay in statement receipt, information is from previous quarter.)
City of Huntington Beach-PensionfTrust Plans-Market Value Summary
Deferred Compensation Plan Summary Information
as of March 31,2013
Beginning Contributions Distributions/ Earnings Other Fees/ Ending
Balance Transfers (change in Adjustments Balance
(1-1-13) value) (3-31-13)
Gain/Loss/
Reporting is Quarterly Interest
;ICMARetirement Corporation(467 Plan) $32,863,005 $579,779 ($648,396)1 $1,650,999' ($3,159)' $34,442,228
Nationwide Retirement Solutions(467 Plan) $61,943,651 $649,981 ($1,170,753)1 $2,713,015 ($675). $64,136,219
'Total Deferred Compensation Plan Balances $94,806,656 $1,229,760 ($1,819,149) $4,364,014 ($3,834). $98,677,447
*of Huntington Beach
Retiree Medical Trust Summary Information
as of March 31,2013
Beginning Contributions Distributions/. Earnings Other Fees/ Ending
Balance Transfers (change in Adjustments Balance
Reporting Is Quarterly (1-1-13) value) (331-13)
.CaIPERS Retiree Medical Trust Account $11,578,099 $0 $0 $259,250 ($4,332) $11,833,017
Cityof Huntington Beach
Supplemental Pension Trust Summary Information(monthly reporting,not quarterly)
as of March 31,2013
Beginning Employer Interest& Realized Change in Other Trust Ending
Balance Contributions Dividends Gain/Loss Unrealized Fees/ Balance
Plus Net Gains/Losses Adjustments (3-31-13)
(3-1-13) Accrued
Reporting Is Monthly Income
Supplemental Pension Trust Account $36,074,879 $0 $62 454 ($42,989) $672,573 ($4 802) $36,762,116
6 Page
Item 2. - 8 HB -26-
Bond Reserve Accounts - Balances as of June 30, 2013:
Summary of Investments by Bond Issue
As of June30,2013
Value as of
Bond Issue June 30,2013
City of Huntington Beach-2004Judgment Obligation Bonds(Property Tax Refunds) 1,159
Huntington Beach PFA-2001Series A(South Beach Improvements&Central Park Sports Complex) -
Huntington Beach PFA-2001 Series B(1993 Civic Center&Police Administration Bldg.Refinance) -
Huntington Beach Public Financing Authority Lease Refunding Bonds 2010 Series A 1,242,857
Huntington Beach Public Financing Authority Lease Revenue Refunding Bonds 2011 Series A 3,085,680
Redevelopment Agency of Huntington Beach-1999 Tax Allocation Refunding Bonds(1/3 of 1992) 753,592
Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(2/3 of 1992) 1,644,937
Huntington Beach Community Facilities District No.1990-1(Goldenwest-Ellis) 172,520
Huntington Beach Community Facilities District No.2000-1(Grand Coast-Hyatt) 1,248,226
Huntington Beach Community Facilities District No.2002-1(McDonnell Centre Business Park) 499,959
Huntington Beach Community Facilities District No.2003-1(Huntington Center-Bella Terra) 1,817,832
- 10,466,762
7 1 P a g e
BB -27- Item 2. - 9
%TINGrO�
[V Opt=,��oeron�go d
City of Huntington Beach
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2000 Main St.
F—+ City ®��� Huntington Beach,
Portfolio Management
92�F�oUNTy CP�\�oe Portfolio Summary
June 30, 2013
Par Market Book %of Days to YTM YTM
Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv.
Certificates of Deposit 250,000.00 250,000.00 250,000.00 0.13 296 24 0.600 0.608
Federal Agency Issues-Coupon 126,275,862.07 124,951,015.86 126,244,773.16 66.11 1,593 1,335 0.942 0.955
Local Agency Investment Funds 38,178,395.84 38,178,395.84 38,178,395.84 19.99 1 1 0.241 0.244
Corporate Bonds 25,960,000.00 26,121,740.20 26,302,959.75 13.77 1,113 837 0.802 0.814
Investments 190,664,257.91 189,501,151.90 190,976,128.75 100.00% 1,207 998 0.782 0.793
Cash and Accrued Interest
Accrued Interest at Purchase 18,048.60 18,048.60
Subtotal 18,048.60 18,048.60
Total Cash and Investments 190,664,257.91 189,519,200.50 190,994,177.35 1,207 998 0.782 0.793
N
00
Total Earnings June 30 Month Ending Fiscal Year To Date Fiscal Year Ending
Current Year 112,140.03 1,009,959.48
Current Budget 112,000.00 1,008,000.00 1,344,000.00
Last Year Actual 156,250.00 1,406,250.00 1,875,000.00
Average Daily Balance 186,325,484.36 177,245,272.88
Effective Rate of Retum 0.73% 0.760A
I certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 5,2012. A copy of
this policy is available at the offi 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 viyInteractive Data Co }ration.
Alis C chen,CITY TREAS RER
Reporting period 06101=13-06i=2013 Portfolio CITY
AP
Run Date:07/10rz013-11:09
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City of 1-113
Portfolio Management Page 1
Portfolio Details -Investments
June 30, 2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date
Certificates of Deposit
06426GAA5 3946 Bank of the West 10/02/2012 250,000.00 250,000.00 250,000.00 0.600 0.608 24 07/25/2013
Subtotal and Average 250,000.00 250,000.00 250,000.00 250,000.00 0.608 24
Federal Agency Issues-Coupon
3133EAUE6 3932 Federal Farm Credit Bank 06/14/2012 5,000,000.00 5,000,200.00 5,000,000.00 0.875 AA 0.875 1,079 06/14/2016
3133EAUE6 3933 Federal Farm Credit Bank 06/14/2012 5,000,000.00 5,000,200.00 5,000,000.00 0.875 AA 0.875 1,079 06/14/2016
3133EAJ33 3942 Federal Farm Credit Bank 08/15/2012 5,000,000.00 4,981,500.00 4,998,048.61 0.730 AA 0.743 1,141 08/15/2016
3133EAP77 3944 Federal Farm Credit Bank 08/27/2012 5,000,000.00 4,996,200.00 5,000,000.00 0.480 AA 0.480 787 08/27/2015
3133805K9 3941 Federal Home Loan Bank 08/08/2012 3,275,86207 3,257,025.86 3,275,488.53 0.720 AA 0.724 1,134 08/08/2016
313381 M44 3953 Federal Home Loan Bank 12/28/2012 5,000,000.00 4,935,950.00 5,000,000.00 0.650 AA 0,650 1,276 12/28/2016
3134G3FC9 3920 Federal Home Loan Mort Corp 01109/2012 5,000,000.00 5,015,500.00 5,000,000.00 1.000 AA 1.000 821 09/30/2015
3134G3KC3 3922 Federal Home Loan Mort Corp 01/27/2012 5,000,000.00 5,017,450.00 5,000,000.00 1.000 AA 1.000 940 01/27/2016
3134G3LU2 3925 Federal Home Loan Mort Corp 02/14/2012 5,000,000.00 5,016,600.00 5,000,000.00 1.050 AA 1.316 1,324 02/14/2017
3134G3690 3940 Federal Home Loan Mort Corp 08/15/2012 5,000,000.00 4,898,800.00 5,000,000.00 0.875 AA 0.875 1,506 08/15/2017
3134G33B4 3952 Federal Home Loan Mort Corp 01/11/2013 5,000,000.00 4,880,050.00 5,000,000.00 1.000 AA 1.000 1,655 01/11/2018
I 3134G47G7 3980 Federal Home Loan Mort Corp 06/26/2013 5,000,000.00 4,903,000.00 5,000,000.00 1.400 AA 1.400 1,821 06/26/2018
31398A3L4 3854 Fed.Nat?Mort Assoc. 09/17/2010 3,000,000.00 3,006,240.00 3,000,000.00 1.125 AA 1.125 78 09/17/2013
3136GOMK4 3931 Fed.Nafl Mort Assoc. 06/2U2012 5,000,000.00 4,964,650.00 5,000,000.00 1.000 AA 1.246 1,451 06/21/2017
3135GORK1 3945 Fed.Nat?Mort Assoc. 11/07/2012 5,000,000.00 4,888,250.00 5,000,000.00 0.900 AA 0.900 1,590 11/07/2017
3136GO7K1 3947 Fed.Nall Mort Assoc. 12/07/2012 5,000,000.00 4,895,950.00 5,000,000.00 0.700 AA 1.002 1,619 12/06/2017
3136G17E3 3950 Fed.Nat'l Mort Assoc. 12/26/2012 5,000,000.00 4,911,450.00 5,000,000.00 0.650 AA 1.042 1,639 12/26/2017
3136GIA66 3951 Fed.Nat'l Mort Assoc. 12/26/2012 5,000,000.00 4,923,900.00 5,000,000.00 0.700 AA 1.053 1,639 12/26/2017
3135GOSBO 3954 Fed.Nat'l Mort Assoc. 12/21/2012 5,000,000.00 4,972,050.00 4,992,006.48 0.375 AA 0.440 903 12/21/2015
3136G1AY5 3955 Fed.Nafl Mort.Assoc. 01/30/2013 5,000,000.00 4,930,000.00 5,000,000.00 0.750 AA 1.078 1,674 01/30/2018
3136G1CJ6 3957 Fed.Nafl Mort Assoc. 02/21/2013 5,000,000.00 4,894,150.00 5,000,060.00 0.750 AA 1.193 1,696 02/21/2018
3136GIE62 3961 Fed.Nat'l Mort Assoc. 02/25/2013 5,000,000.00 4,959,050.00 5,000,000.00 0.600 AA 0.600 1,151 08/25/2016
3136G1 FBO 3963 Fed.Nat'l Mort Assoc. 02/28/2013 5,000,000.00 4,943,850.00 5,000,000.00 0.750 AA 1.435 1,703 02/28/2018
3136GIEPO 3964 Fed.NO Mort Assoc. 03/12/2013 5,000,000.00 4,902,900.00 5,000,000.00 1.100 AA 1.100 1,715 03/12/2018
3135GOYA5 3978 Fed.Nafl Mort.Assoc. 06/19/2013 5,000,000.00 4,954,650.00 5,000,000.00 0.750 AA 0.750 1,267 12/19/2016
3136G1NB1 3979 Fed.NO Mort Assoc. 06/19/2013 5,000,000.00 4,901,450.00 4,979,229.54 0.800 AA 0.907 1,449 06/19/2017
Subtotal and Average 121,586,106.99 126,275,862.07 124,951,015.86 126,244,773.16 0.955 1,335
Local Agency Investment Funds
SYS982 982 Lai(City 38,178,395.84 38,178,395.84 38,178,395.84 0.244 0.244 1
Subtotal and Average 38,178,395.84 38,178,396.84 38,178,395.84 38,178,395.84 0.244 1
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N Portfolio Details -Investments
June 30, 2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 366 Maturity Date
Corporate Bonds
037833AJ9 3976 Apple Inc. 05/28/2013 3,000,000.00 2,880,900.00 2,978,801.58 1.211 AA 1.366 1,767 05/03/2018
084664AT8 3895 Berkshire Hathaway Fin 08/26/2011 1,310,000.00 1,394,390,20 1,377,894.50 4.850 AA 1.390 563 01/15/2016
14912L4Y4 3930 Caterpillar Financial Corp. 05/30/2012 2,000,000.00 2,014,500.00 2,006,139.10 1.125 A 0.911 532 12/16/2014
14912L5D9 3936 Caterpillar Financial Corp. 08/03/2012 3,000,000.00 3,016,290.00 3,032,960.87 1.100 A 0.620 697 05/29/2015
36962G4X9 3906 General Electric Capital Corp 09/29/2011 2,000,000.00 2,017,480.00 2,005,362.62 2.100 AA 1.670 190 01/07/2014
36962G4G6 3949 General Electric Capital Corp 12/14/2012 1,650,000.00 1,714,680.00 1,717,82287 3.750 AA 0.722 501 11/14/2014
36962G6R0 3956 General Electric Capital Corp 01/25/2013 2,000,000.00 1,988,920.00 2,000,989.76 1.000 AA 0.980 921 01/08/2016
24422ERK7 3937 John Deere Capital 08/03/2012 3,000,000.00 3,028,690.00 3,033,199.77 1.260 A 0.465 519 12/022014
24422ERSO 3948 John Deere Capital 12/11/2012 2,000,000.00 2,010,160.00 2,015,016.99 0.960 A 0.570 728 06/29/2016
674599CB9 3977 Occidental Petroleum 06/28/2013 3,000,000.00 2,997,600.00 3,073,38292 1.133 A 0.406 1,325 02/15/2017
931142CX9 3943 Wal-Mart Stores 08/14/2012 3,000,000.00 3,058,230.00 3,061,408.77 1.500 AA 0.606 846 10/26/2015
Subtotal and Average 26,310,981.53 26,960,000.00 26,121,740.20 26,302,959.76 0.814 837
Total and Average 186,325,484.36 190,664,267.91 189,601,151.90 190,976,128.76 0.793 998
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City of 1-113
Portfolio Management Page
Portfolio Details -Cash
June 30, 2013
Average Purchase Stated YTM Days to
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 36S Maturity
Average Balance 0.00 Accrued Interest at Purchase 18,048.60 18,048.60 0
Subtotal 18,048.60 18,048.60
Total Cash and Investments 186,326,484.36 190,664,267.91 189,619,200.60 190,994,177.36 0.793 998
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Activity By'hype
June 1, 2013 through June 30, 2013
Stated Transaction Purchases Redemptions
CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance
Certificates of Deposit
Subtotal 250,000.00
Federal Agency Issues-Coupon
3134G47G7 3980 Federal Home Loan Mort Corp 1.400 06/26/2013 5,000,000.00 0.00
3136GOJL6 3929 Fed.Nat'l MorL Assoc. 1.000 06/07/2013 0.00 6,000,000.00
3136GONR8 3935 Fed.Nat'l Mort Assoc, 0.760 06/28/2013 0.00 4,995,312.50
3135GOYA5 3978 Fed.Nafl Mort Assoc. 0.750 06/19/2013 5,000,000.00 0.00
3136G1 NB1 3979 Fed.Nat'I Mort Assoc. 0.800 06/19/2013 4,979,066.00 0.00
Subtotal 14,979,066.00 9,995,312.60 126,244,773.16
Local Agency Investment Funds (Monthly Summary)
Subtotal 38,178,395.84
� Corporate Bonds
W Subtotal 26,302,959.75
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Total 14,979,055.00 9,996,312.60 190,976,128.75
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City of HB
Portfolio Management Page 1
Activity Summary
June 2012 through June 2013
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 2012 37 188,798,856.18 1.078 1.093 0.358 6 9 1,264 1,106
July 2012 33 178,453,606.72 1.011 1.025 0.363 0 4 1,133 964
August 2012 39 178,919,282.36 1.034 1.049 0.377 7 1 1,320 1,129
September 2012 37 169,501,918.57 1,000 1.014 0.348 0 2 1,299 1,099
October 2012 35 163,378,685.54 0.968 0.981 0.348 1 2 1,283 1,071
November 2012 36 161,479,959.57 0.963 0.976 0.324 1 0 1,299 1,068
December 2012 35 160,292,718.24 0.903 0.915 0.326 7 8 1,340 1,159
January 2013 34 182,030,048.28 0.755 0.765 0.300 3 4 1,102 959
February 2013 37 183,986,101.22 0.756 0.767 0.286 4 1 1,125 983
March 2013 37 186,749,407.36 0.782 0.793 0.285 1 1 1,193 1,026
April 2013 37 186,686,547.88 0.777 0.788 0.264 0 0 1,193 1,002
x May 2013 37 185,019,750.49 0.781 0.792 0.245 2 2 1,205 995
b7 June 2013 39 186,325,484.36 0.782 0.793 0.244 3 2 1,207 998
w Average 36 177,760,866.58 0.892% 0.904% 0.313 3 3 1,228 1,043
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Interest Earnings Summary
June 30, 2013
June 30 Month Ending Fiscal Year To Date
CD/Coupon/Discount Investments:
Interest Collected 213,027.78 1,101,611.84
Plus Accrued Interest at End of Period 330,916.82 330,916.82
Less Accrued Interest at Beginning of Period ( 428,175.17) ( 355,348.37)
Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
Interest Earned during Period 115,769.43 1,077,180.29
Adjusted by Premiums and Discounts -15,973.50 -141,139.49
Adjusted by Capital Gains or Losses 4,687.50 4,891.84
Eamings during Periods 104,483.43 940,932.64
Pass Through Securities:
Interest Collected 0.00 0.00
Plus Accrued Interest at End of Period 0.00 0.00
W Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00)
A 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 0.00 70,521.27
Plus Accrued Interest at End of Period 26,063.24 26,063.24
Less Accrued Interest at Beginning of Period ( 18,406.64) ( 27,557.67)
Interest Earned during Period 7,656.60 69,026.84
Total Interest Earned during Period 123,426.03 1,146,207.13
Total Adjustments from Premiums and Discounts -16,973.60 -141,139.49
Total Capital Gains or Losses 4,687.50 4,891.84
Total Earnings during Period 112,140.03 1,009,969.48
Portfolio CITY
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Run Date:07/11U2013-11:09 PM(PRF_PM6)7.3.0
Report Ver.7.3.3b
Ol'GPPPPRRTFO
City of Huntington Beach
9= City of 1-113 2000 Main St.
9 _ Z Portfolio Management
Huntington Beach,
Portfolio Summary
COUN�cP May 31, 2013
Par Market Book %,of Days to YTM YTM
Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv.
Certificates of Deposit 250,000.00 250,000.00 250,000.00 0.13 296 54 0.600 0.608
Federal Agency Issues-Coupon 121,275,862.07 121,053,752.41 121,260,407.38 65.19 1,606 1,337 0.946 0.960
Local Agency Investment Funds 38,178,395.84 38,178,395.84 38,178,395.84 20.53 1 1 0.242 0.245
Corporate Bonds 25,960,000.00 26,293,34280 26,319,556.53 14.15 1,113 867 0.802 0.814
Investments 186,664,257.91 185,775,491.05 186,008,359.75 100.00% 1,205 995 0.781 0.792
Cash and Accrued Interest
Accrued Interest at Purchase 18,145.82 18,145.82
Subtotal 18,145.82 18,145.82
Total Cash and Investments 185,664,257.91 185,793,636.87 186,026,805.57 1,205 995 0.781 0.792
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Total Earnings May 31 Month Ending Fiscal Year To Date Fiscal Year Ending
Current Year 101,211.18 897,819.45
Current Budget 112,000.00 896,000.00 1,344,000.00
Last Year Actual 156,250.00 1,250,000.00 1,875,000.00
Average Dally Balance 18S,019,750.49 176,124,2S9.12
Effective Rate of Return 0.646A 0.7rA
I certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 5,2012. 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 orporation.
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Alisa C chen,CITY TREASURER
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Oc Portfolio Details a Investments
May 31, 2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date
Certificates of Deposit
06426GAA5 3946 Bank of the West 10/02/2012 250,000.00 250,000.00 250,000.00 0.600 0.608 54 07/25/2013
Subtotal and Average 250,000.00 250,000.00 250,000.00 250,000.00 0.608 54
Federal Agency Issues-Coupon
3133EAUE6 3932 Federal Farts Credit Bank 06/14/2012 5,000,000.00 5,001,050.00 5,000,000.00 0.875 AA 0.875 1,109 06/14/2016
3133EAUE6 3933 Federal Farts Credit Bank 06/14/2012 5,000,000.00 5,001,050.00 5,000,000.00 0.875 AA 0.875 1,109 06/14/2016
3133EAJ33 3942 Federal Farts Credit Bank 08/15/2012 5,000,000.00 5,004,500.00 4,997,996.53 0.730 AA 0.743 1,171 08/15/2016
3133EAP77 3944 Federal Farm Credit Bank 08/27/2012 5,000,000.00 5,004,200.00 5,000,000.00 0.480 AA 0.480 817 08/27/2015
31338051<9 3941 Federal Home Loan Bank 08/08/2012 3,275,862.07 3,272,422.41 3,275,478.50 0.720 AA 0.724 1,164 08/08/2016
313381M44 3953 Federal Home Loan Bank 12/28/2012 5,000,000.00 4,978,250.00 5,000,000.00 0.650 AA 0.650 1,306 12/28/2016
3134G3FC9 3920 Federal Home Loan Mort Corp 01/09/2012 5,000,000.00 5,020,100.00 5,000,000.00 1.000 AA 1.000 851 09/30/2015
3134G3KC3 3922 Federal Home Loan Mort Corp 01/27/2012 5,000,000.00 5,024,400.00 5,000,000.00 1.000 AA 1.000 970 01/27/2016
3134G3LU2 3925 Federal Home Loan Mort Corp 02/14/2012 5,000,000.00 5,027,750.00 5,000,000.00 1.050 AA 1.316 1,354 02/14/2017
3134G3B90 3940 Federal Home Loan Mort Corp 08/15/2012 5,000,000.00 4,959,950.00 5,000,000.00 0.875 AA 0.875 1,536 08/15/2017
3134G33B4 3952 Federal Home Loan Mort Corp 01/11/2013 5,000,000.00 4,947,950.00 5,000,000.00 1.000 AA 1.000 1,685 01/11/2018
W 31398A31-4 3854 Fed.Nat'l Mort Assoc. 09/17/2010 3,000,000.00 3,008,880.00 3,000,000.00 1.125 AA 1.125 108 09/17/2013
3136GOJL6 3929 Fed.Nat'l Mort Assoc. 06/07/2012 5,000,000.00 5,000,150.00 5,000,000.00 1.000 AA 1.257 1,467 06/07/2017
3136GOMK4 3931 Fed.Nat'l Mort Assoc. 06/21/2012 5,000,000.00 5,002,400.00 5,000,000.00 1.000 AA 1.246 1,481 06/21/2017
3136GONR8 3935 Fed.Nat'l Mort Assoc. 06/28/2012 5,000,000.00 5,001,300.00 4,995,195.31 0.500 AA 0.966 1,123 06/28/2016
3135GORK1 3945 Fed.Nat'l Mort Assoc. 11/07/2012 5,000,000.00 4,961,300.00 5,000,000.00 0.900 AA 0.900 1,620 11/07/2017
3136GO7K1 3947 Fed.Nafl Mort Assoc. 12/07/2012 5,000,000.00 4,960,250.00 5,000,000.00 0.700 AA 1.002 1,649 12/06/2017
3136G17E3 3950 Fed.Nat'I Mort Assoc. 12/26/2012 5,000,000.00 4,971,600.00 5,000,000.00 0.650 AA 1.042 1,669 12/26/2017
3136GIA66 3951 Fed.Nat'I Mort Assoc. 12/26/2012 5,000,000.00 4,985,400.00 5,000,000.00 0.700 AA 1.053 1,669 12/26/2017
3135GOSBO 3954 Fed.Nat'I Mort Assoc. 12/21/2012 5,000,000.00 4,988,350.00 4,991,737.04 0.375 AA 0.440 933 12/21/2015
3136G1AY5 3955 Fed.Narl Mort Assoc. 01/30/2013 5,000,000.00 4,995,600.00 5,000,000.00 0.750 AA 1.078 1,704 01/30/2018
3136G1CJS 3957 Fed.Nafl Mort Assoc. 02/21/2013 5,000,000.00 4,969,700.00 5,000,000.00 0.750 AA 1.193 1,726 02/21/2018
3136G1E62 3961 Fed.Nat'l Mort Assoc. 02/25/2D13 5,000,000.00 4,987,950.00 5,000,000.00 0.600 AA 0.600 1,181 08/25/2016
3136G1 FBO 3963 Fed.Narl Mort Assoc. 02/28/2013 5,000,000.00 4,989,850.00 5,000,000.00 0.750 AA 1.435 1,733 02/28/2018
3136G1EPO 3964 Fed.Narl Mort Assoc. 03/12/2013 5,000,000.00 4,989,400.00 5,000,000.00 1.100 AA 1.100 1,745 03/12/2018
Subtotal and Average 125,637,059.66 121,275,862.07 121,053,752,41 121,260,407.38 0.960 1,337
Local Agency Investment Funds
SYS982 982 Laif City 38,178,395.84 38,178,395.84 38,178,395.84 0.245 0.245 1
Subtotal and Average 38,178,395.84 38,178,395.84 38,178,39&" 38,178,395.84 0.245 1
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Run Date:07/102013-10:36 PM(PRF PM2)7.3.0
Report Ver.7.3.3b
City of HB
Portfolio Management Page 2
Portfolio Details - Investments
May 31, 2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 366 Maturity Date
Corporate Bonds
037833AJ9 3976 Apple Inc. 05/28/2013 3,000,000.00 2,943,780.00 2,978,436.51 1.211 AA 1.366 1,797 05/03/2018
084664ATS 3895 Berkshire,Hathaway Fin 08/26/2011 1,310,000.00 1,401,542.80 1,381,571.09 4.850 AA 1.390 593 01/15/2015
14912L4Y4 3930 Caterpillar Financial Corp. 05/30/2012 2,000,000.00 2,019,920.00 2,006,490.58 1.125 A 0.911 562 12/15/2014
14912L5D9 3936 Caterpillar Financial Corp. 08/03/2012 3,000,000.00 3,029,520.00 3,034,387.68 1.100 A 0.520 727 05/29/2015
36962G4X9 3906 General Electric Capital Corp 09/29/2011 2,000,000.00 2,021,080.00 2,006,215.94 2.100 AA 1.570 220 01/07/2014
36962G4G6 3949 Genera(Electric Capital Corp 12/14/2012 1,650,000.00 1,724,250.00 1,721,950.02 3.750 AA 0.722 531 11/14/2014
36962G6R0 3956 General Electric Capital Corp 01/25/2013 2,000,000.00 2,002,200.00 2,001,022.50 1.000 AA 0.980 951 01/08/2016
24422ERK7 3937 John Deere Capital 08/03/2012 3,000,000.00 3,032,040.00 3,035,148.88 1.250 A 0.465 549 12/02/2014
24422ERSO 3948 John Deere Capital 12/11/2012 2,000,000.00 2,012,300.00 2,015,644.44 0.950 A 0.570 758 06/29/2015
674599CB9 3977 Occidental Petroleum 05/28/2013 3,000,000.00 3,039,180.00 3,075,071.17 1.133 A 0.405 1,355 02/15/2017
931142CX9 3943 Wal-Mart Stores 08/14/2012 3,000,000.00 3,067,530.00 3,063,617.72 1.500 AA 0.606 876 10/25/2015
Subtotal and Average 21,054,296.00 26,960,000.00 26,293,342.80 26,319,666.63 0.814 867
Total and Average 186,019,760.49 186,664,267.91 186,776,491.06 186,008,369.76 0.792 996
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Portfolio Details- Cash
May 31, 2013
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 18,145.82 18,145.82 0
Subtotal 18,145.82 18,145.82
Total Cash and Investments 185,019,750.49 185,664,257.91 185,793,636.87 186,026,505.67 0.792 995
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Portfolio Management Page 1
Activity By Type
May 1, 2013 through May 31, 2013
Stated Transaction Purchases Redemptions
CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance
Certificates of Deposit
Subtotal 250,000.00
Federal Agency Issues-Coupon
31338051<9 3941 Federal Home Loan Bank 0.720 05/17/2013 0.00 1,723,933.59
3135GONL3 3962 Fed.Nati Mort Assoc. 0.625 05/22/2013 0.00 5,000,000.00
Subtotal 0.00 6,723,933.59 121,260,407.38
Local Agency Investment Funds (Monthly Summary)
Subtotal 38,178,395.84
Corporate Bonds
037833AJ9 3976 Apple Inc. 1.211 05/28/2013 2,978,400.00 0.00
x 674599CB9 3977 Occidental Petroleum 1.133 05/28/2013 3,075,240.00 0.00
Subtotal 6,053,640.00 0.00 26,319,556.53
W Total 6,053,640.00 6,723,933.59 186,008,359.76
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City of Hi3
N Portfolio Management Page 1
N Activity Summary
May 2012 through May 2013
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 2012 40 181,650,062.55 1.168 1.184 0.363 1 1 1,218 994
June 2012 37 188,798,856.18 1.078 1.093 0.358 6 9 1,264 1,106
July 2012 33 178,453,606.72 1.011 1.025 0.363 0 4 1,133 964
August 2012 39 178,919,282.36 1.034 1.049 0.377 7 1 1,320 1,129
September 2012 37 169,501,918.57 1.000 1.014 0.348 0 2 1,299 1,099
October 2012 35 163,378,685.54 0.968 0.981 0.348 1 2 1,283 1,071
November 2012 36 161,479,959.57 0.963 0.976 0.324 1 0 1,299 1,068
December 2012 35 160,292,718.24 0.903 0.915 0.326 7 8 1,340 1,159
January 2013 34 182,030,048.28 0.755 0.765 0.300 3 4 1,102 959
February 2013 37 183,986,101.22 0.756 0.767 0.286 4 1 1,125 983
March 2013 37 186,749,407.36 0.782 0.793 0.285 1 1 1,193 1,026
x April 2013 37 186,686,547.88 0.777 0.788 0.264 0 0 1,193 1,002
C77 May 2013 37 185,019,750.49 0.781 0.792 0.245 2 2 1,205 995
Average 36 177,416,489.16 0.921% 0.934% 0.322 3 3 1,229 1,043
Portfolio CITY
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Run Date:07/10/2013-10:36 PM(PRF_PM4)7.3.0
Report Ver.7.3.3b
City of 1-113
Portfolio Management page 1
Interest Earnings Summary
May 31, 2013
May 31 Month Ending Fiscal Year To Date
CD/Coupon/Discount Investments:
Interest Collected 76,007.54 888,584.06
Plus Accrued Interest at End of Period 428,175.17 428,175.17
Less Accrued Interest at Beginning of Period ( 396,178.77) ( 355,348.37)
Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
Interest Earned during Period 108,003.94 961,410.86
Adjusted by Premiums and Discounts -14,941.34 -125,165.99
Adjusted by Capital Gains or Losses 204.34 204.34
Earnings during Periods 93,266.94 836,449.21
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)
-A 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 0.00 70,521.27
Plus Accrued Interest at End of Period 18,406.64 18,406.64
Less Accrued Interest at Beginning of Period ( 10,462,40) ( 27,557.67)
Interest Earned during Period 7,944.24 61,370.24
Total Interest Earned during Period 115,948.18 1,027,781.10
Total Adjustments from Premiums and Discounts -14,941.34 -125,165.99
Total Capital Gains or Losses 204.34 204.34
Total Earnings during Period 101,211.18 897,819.45
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City of Huntington Beach
m 2000 Main St.
(:uty of HB
tv -- — -- Huntington Beach,
:r- a Portfolio Management
�NTv cP`� Portfolio Summary
April 30, 2013
Par Market Book %of Days to YTM YTM
Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv.
Certificates of Deposit 250,000.00 250,000.00 250,000.00 0.13 296 85 0.600 0.608
Federal Agency Issues-Coupon 128,000,000.00 128,298,790.00 127,983,876.37 68.55 1,584 1,353 0.930 0.943
Local Agency Investment Funds 38,178,395.84 38,178,395.84 38,178,395.84 20.45 1 1 0.260 0.264
Corporate Bonds 19,960,000.00 20,370,162.80 20,281,322.47 10.86 975 687 0.784 0.795
Investments 186,388,395.84 187,097,348.64 186,693,594.68 100.00% 1,193 1,002 0.777 0.788
Cash and Accrued Interest
Accrued Interest at Purchase 6,197.91 6,197.91
Subtotal 6,197.91 6,197.91
�j Total Cash and Investments 186,388,395.84 187,103,546.55 186,699,792.59 1,193 1,002 0.777 0.788
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Total Earnings April 30 Month Ending Fiscal Year To Date Fiscal Year Ending
Current Year 107,008.74 796,608.27
Current Budget 112,000.00 784,000.00 1,344,000.00
Last Year Actual 156,250.00 1,093,750.00 1,875,000.00
Average Daily Balance 186,686,647.88 174,823,503.30
Effective Rate of Return 0.70% 0.78%
1 certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 5,2012. 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 Int ctive Data oration.
11 - 13
Alisa Cutche ,CTREASURER
Reporting period 0410112013-0413012013 Portfolio CITY
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Run Date:07/10/2013-10,33 PM(PRF PM1)7.3.0
Report Ver.7.3.3b
Cott' of 1113
Portfolio Management Page 1
Portfolio Details m Investments
April 30, 2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate SAP 366 Maturity Date
Certificates of Deposit
06426GAA5 3946 Bank of the West 10/02/2012 250,000.00 250,000.00 250,000.00 0.600 0.608 85 07/25/2013
Subtotal and Average 260,000.00 260,000.00 250,000.00 250,000.00 0.608 86
Federal Agency Issues-Coupon
3133EAUE6 3932 Federal Farm Credit Bank 06/14/2012 5,000,000.00 5,004,050.00 5,000,000.00 0.875 AA 0.875 1,140 06/14/2016
3133EAUE6 3933 Federal Farm Credit Bank 06/14/2012 5,000,000.00 5,004,050.00 5,000,000.00 0.875 AA 0.875 1,140 06/14/2016
3133EAJ33 3942 Federal Farm Credit Bank 08/15/2012 5,000,000.00 5,008,200.00 4,997,944.44 0.730 AA 0.743 1,202 08/15/2016
3133EAP77 3944 Federal Farm Credit Bank 08/27/2012 5,000,000.00 5,006,000.00 51000,000.00 0.480 AA 0.480 848 08/27/2015
3133805K9 3941 Federal Home Loan Bank 08/08/2012 5,000,000.00 5,000,300.00 4,999,399.24 0.720 AA 0.724 1,195 08/08/2016
313381M44 3953 Federal Home Loan Bank 12/28/2012 5,000,000.00 5,004,600.00 5,000,000.00 0.650 AA 0.650 1,337 12/28/2016
3134G3FC9 3920 Federal Home Loan Mort Corp 01/09/2012 5,000,000.00 5,021,650.00 5,000,000.00 1.000 AA 1.000 882 09/30/2015
3134G3KC3 3922 Federal Home Loan Mort Corp 01/27/2012 5,000,000.00 5,027,000.00 5,000,000.00 1.000 AA 1.000 1,001 01/27/2016
3134G3LU2 3925 Federal Home Loan Mort Corp 02/14/2012 5,000,000.00 5,035,500.00 5,000,000.00 1.050 AA 1.316 1,385 02/14/2017
3134G3B90 3940 Federal Home Loan Mort Corp 08/15/2012 5,000,000.00 5,024,650.00 5,000,000.00 0.875 AA 0.875 1,567 08/15/2017
3134G3384 3952 Federal Home Loan Mort Corp 01/11/2013 5,000,000.00 5,004,650.00 5,000,000.00 1.000 AA 1.000 1,716 01/11/2018
31398A3L4 3854 Fed.Nafl Mort Assoc. 09/17/2010 3,000,000.00 3,011,490.00 3,000,000.00 1.125 AA 1.125 139 09/17/2013
W
' 3136GOJL6 3929 Fed.Nafl Mort Assoc. 06/07/2012 5,000,000.00 5,001,800.00 5,000,000.00 1.000 AA 1.257 1,498 06/07/2017
3136GOMK4 3931 Fed.Nafl Mort Assoc. 06/21/2012 5,000,000.00 5,006,500.00 5,000,000.00 1.000 AA 1.246 1,512 06/21/2017
3136GONRB 3935 Fed.Nafl Mort Assoc. 06/28/2012 5,000,000.00 5,002,800.00 4,995,065.10 0.500 AA 0.966 1,154 06/28/2016
3135GORK1 3945 Fed.Nafl Mort Assoc. 11/07/2012 5,000,000.00 5,008,750.00 5,000,000.00 0.900 AA 0.900 1,651 11/07/2017
313SG07K1 3947 Fed.Naft Mort Assoc. 12/07/2012 5,000,000.00 5,009,500.00 5,000,000.00 0.700 AA 1.002 1,680 12/06/2017
3136G17E3 3950 Fed.Nat9 Mort Assoc. 1226/2012 5,000,000.00 5,012,850.00 5,000,000.00 0.650 AA 1.042 1,700 12/26/2017
3136G1A66 3951 Fed.Nall Mort Assoc. 12/262012 5,000,000.00 5,018,050.00 5,000,000.00 0.700 AA 1.053 1,700 12/26/2017
3135GOSSO 3954 Fed.Nafl Mort Assoc. 12/21/2012 5,000,000.00 5,000,450.00 4,991,467.59 0.375 AA 0.440 964 12/21/2015
3136G1AYS 3955 Fed.Nafl Mort Assoc. 01/30/2013 5,000,000.00 5,024,750.00 5,000,000.00 0.750 AA 1.078 1,735 01/30/2018
3136G1CJ6 3957 Fed.Nall Mort Assoc. 0221/2013 5,000,000.00 5,011,250.00 5,000,000.00 0.750 AA 1.193 1,757 02/212018
3136G1E62 3961 Fed.Nafl Mort Assoc. 02/25/2013 5,000,000.00 5,015,200.00 5,000,000.00 0.600 AA 0.600 1,212 08/25/2016
3135GONL3 3962 Fed.Nafl Mort Assoc. 02/11/2013 5,000,000.00 6,001,250.00 5,000,000.00 0.625 AA 0.625 1,027 0222/2016
3136G1FBO 3963 Fed.Nall Mort Assoc. 02/28/2013 5,000,000.00 5,005,800.00 5,000,000.00 0.750 AA 1.435 1,764 0228/2018
3136G1EPO 3964 Fed.Nafl Mort Assoc. 03/12/2013 5,000,000.00 5,027.700.00 5,000,000.00 1.100 AA 1.100 1,776 03/12/2018
Subtotal and Average 127,983,660.64 128,000,000.00 120,298,790.00 127,983,876.37 0.943 1,363
Local Agency Investment Funds
SYS982 982 Lail City 38,178,395.84 38,178,395.84 38,178,395.84 0.264 0.264 1
Subtotal and Average 38,164,192.53 38,178,396.84 38,178,396.84 38,178,396.84 0.264 1
0 Portfolio CITY
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City of 1-113
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Portfolio Details e Investments
April 30, 2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 366 Maturity Date
Corporate Bonds
084664AT8 3895 Berkshire Hathaway Fin D8/26/2011 1,31D,DDD.DD 1,4D7,699.80 1,385,247.69 4.850 AA 1.390 624 01/15/2015
14912L4Y4 3930 Caterpillar Financial Corp. 05/30/2D12 2,000,000.00 2,024,280.00 2,D06,842.05 1.125 A 0.911 593 12/15/2014
14912L5D9 3936 Caterpillar Financial Corp. 08/03/2012 3,000,000.00 3,038,250.00 3,035,824.49 1.100 A 0.52D 758 05/29/2015
36962G4X9 3906 General Electric Capital Corp 09/292011 2,DOO,OD0.00 2,024,660.00 2,OD7,079.27 2.1DO AA 1.57D 251 D1/07/2014
36962G4G6 3949 General Electric Capital Corp 12/142012 1,650,000.00 1,729,563.00 1,726,077.17 3.750 AA 0.722 562 11/142014
36962G6RD 3956 General Electric Capital Corp 01252013 2,000,000.00 2,010,160.00 2,001,055.24 1.000 AA 0.980 982 01/082016
24422ERK7 3937 John Deere Capital 08/032012 3,000,000.00 3,041,520.00 3,037,097.99 1.250 A 0.465 580 12/02/2014
24422ERSO 3948 John Deere Capital 12/112012 2,000,000.0D 2,018,800.00 2,016,271.90 D.950 A 0.570 789 06/292015
931142CX9 3943 Wal-Mart Stores 08/142012 3,000,000 DD 3,075,210.00 3,065,826.67 1.500 AA 0.606 9D7 1025/2015
Subtotal and Average 20,288,704.71 19,960,000.00 20,370,162.80 20,281,322.47 0.796 687
Total and Average 186,686,647.88 186,388,396.84 187,097,348.64 186,693,694.68 0.788 1,002
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Portfolio CITY
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Run Date:07/10/2013-10:33
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City of 1-113
Portfolio Management Page 3
Portfolio Details-Cash
April 30, 2013
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 6,197.91 6,197.91 0
Subtotal 6,197.91 6,197.91
Total Cash and Investments 186,686,647.88 186,388,395.84 187,103,546.65 186,699,792.59 0.788 1,002
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City of HB
N Portfolio Management
Oc Activity By Type Page 1
April 1, 2013 through April 30, 2013
Stated Transaction Purchases Redemptions
CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance
Certificates of Deposit
Subtotal
250,000.00
Federal Agency Issues-Coupon
Subtotal 127,983,876.37
Local Agency Investment Funds (Monthly Summary)
SYS982 982 Law City 0.264 30,435.66 0.00
Subtotal 30,435.66 0.00 38,178,395.84
Corporate Bonds
Subtotal 20,281,322.47
x Total 30,435.66 0.00 186,693,594.68
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Portfolio CITY
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Run Date:0711012013,10:33 PM(PRF PM3)7.3.0
Report Ver.7.3.3b
City of HB
Portfolio Management Page 1
Activity Summary
April 2012 through April 2013
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 Tent Days to Maturity
April 2012 40 173,406,734.12 1.174 1.191 0.367 2 0 1,221 1,015
May 2012 40 181,650,062.66 1.168 1.184 0.363 1 1 1,218 994
June 2012 37 188,798,866.18 1.078 1.093 0.358 6 9 1,264 1,106
July 2012 33 178,453,606.72 1.011 1.025 0.363 0 4 1,133 964
August 2012 39 178,919,282.36 1.034 1.049 0.377 7 1 1,320 1,129
September 2012 37 169,601,918.67 1.000 1.014 0.348 0 2 1,299 1,099
October 2012 35 163,378,686.54 0.968 0.981 0.348 1 2 1,283 1,071
November 2012 36 161,479,959.67 0.963 0.976 0.324 1 0 1,299 1,068
December 2012 35 160,292,718.24 0.903 0.915 0.326 7 8 1,340 1,159
January 2013 34 182,030,048.28 0.755 0.765 0.300 3 4 1,102 959
February 2013 37 183,986,101.22 0.756 0.767 0.286 4 1 1,125 983
March 2013 37 186,749,407.36 0.782 0.793 0.285 1 1 1,193 1,026
b� April 2013 37 186,686,647.88 0.777 0.788 0.264 0 0 1,193 1,002
Average 37 176,515,239.15 0.951% 0.965% 0.331 3 3 1,230 1,044
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Portfolio CITY
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Interest Earnings Summary
April 30, 2013
April 30 Month Ending Fiscal Year To Date
CD/Coupon/Discount Investments:
Interest Collected 22,500.00 812,576.52
Plus Accrued Interest at End of Period 396,178.77 396,178.77
Less Accrued Interest at Beginning of Period ( 305,144.57) ( 355,348.37)
Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
Interest Earned during Period 113,534.20 853,406.92
Adjusted by Premiums and Discounts -14,806.57 -110,224.65
Adjusted by Capital Gains or Losses 0.00 0.00
Earnings during Periods 98,727.63 743,182.27
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 30,435.66 70,521.27
Plus Accrued Interest at End of Period 10,462.40 10,462.40
Less Accrued Interest at Beginning of Period ( 32,616.95) ( 27,557.67)
Interest Earned during Period 8,281.11 53,426.00
Total Interest Earned during Period 121,815.31 906,832.92
Total Adjustments from Premiums and Discounts -14,806.57 -110,224.65
Total Capital Gains or Losses 0.00 0.00
Total Earnings during Period 107,008.74 796,608.27
Portfolio CITY
AP
Run Date:07/10/2013-10:33 PM(PRF PM6)7.3.0
Report Ver.7.3.3b
State of California
Pooled Money Investment Account
Market Valuation
6/30/2013
cru n e
United States Treasury:
Bills $ 18,019,781,458.84 $ 18,031,788,345.99 $ 18,035,146,300.00 NA
Notes $ 17,866,551,757.96 $ 17,864,039,275.14 $ 17,866,601,500.00 $ 14,141,398.00
Federal Agency:
SBA $ 510,792,442.52 $ 510,792,442.52 $ 510,253,568.70 $ 517,567.05
MBS-REMICs $ 192,640,776.24 $ 192,640,776.24 $ 208,753,614.81 $ 921,014.69
Debentures $ 1,229,014,505.38 $ 1,227,601,588.70 $ 1,225,462,000.00 $ 4,859,598.00
Debentures FR $ - $ - $ - $ -
Discount Notes $ 2,248,563,445.13 $ 2,248,994,695.02 $ 2,249,228,500.00 NA
GNMA $ 451.55 $ 451.55 $ 454.80 $ 4.70
IBRD Debenture $ 450,053,540.85 $ 450,053,540.85 $ 450,282,500.00 $ 107,637.50
IBRD Deb FR $ - $ - $ - $ -
CDs and YCDs FR $ 400,000,000.00 $ 400,000,000.00 $ 400,000,000.00 $ 252,251.67
Bank Notes $ 1 - $ - $ - $ -
CDs and YCDs $ 8,870,129,024.17 $ 8,870,011,579.74 $ 8,866,790,803.69 $ 2,820,216.67
Commercial Paper $ 4,253,842,581.96 $ 4 254,541,430.57 $ 4,254,012,847.23 NA
Corporate:
Bonds FR $ - $ - $ - $ -
Bonds $ - $ - $ - $ -
Repurchase Agreements $ - $ - $ - $ -
Reverse Repurchase $ - $ - $ - $
Time Deposits $ 4,474,640,000.00 $ 4,474,640,000.00 $ 4,474,640,000.00 NA
AB 55&GF Loans $ 287,302,443.82 $ 287,302,443.82 $ 287,302,443.82 NA
TOTAL $ 58,803 312,428.42 1 $ 58,812 406,570.14 1 $ 58 828 474 5-33.0 $$ 23.619.688.28
Fair Value Including Accrued Interest $ 58,852,094,221.33
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(1.000273207).
As an example:if an agency has an account balance of$20,000,000.00,then the agency would report it:
participation in the LAIF valued at$20,005,464.14 or$20,000,000.00 x1.000273207.
Hs -49- Item 2. - 31
Statement of Cash Receipts and Disbursements and
Summary of Cash by Fund
Finance Department
June 2013
Cash Receipts and Disbursements May 2013 June 2013
Receipts
Property Tax Receipts $12,530,653 $649,420
Utility Tax Receipts (UUT) 1,717,386 1,647,844
Sales Tax Receipts 2,018,100 2,704,524
1/2 Cent Safety Sales Tax Receipts 141,558 192,874
Highway Users Tax Receipts (HUT) 400,090 365,135
Transient Occupancy Tax Receipts (TOT) 609,773 573,551
Government Funds 41,038 92,446
Capital Funds 1,023,517 2,003,246
Debt Service Funds - -
Enterprise Funds 5,275,235 5,391,702
Fiduciary Funds 144,011 8,635,596
Special Revenue Funds 916,593 1,308,567
All Other Receipts 7,515,264 7,163,753
Total Receipts $32,473,120 $30,728,658
Disbursements
Total Disbursements (25,040,015) (22,329,531)
Net Change In Cash Flow $7,433,105 $8,399,127
Summary of Cash by Fund May 2013 June 2013
General Fund 81,603,936 81,819,016
Government Funds 1,128,035 1,167,730
Capital Funds 12,292,132 14,150,397
Debt Service Funds 15,630 15,630
Enterprise Funds 92,364,707 92,722,817
Fiduciary Funds 18,397,300 25,274,497
Special Revenue Funds 16,170,376 16,511,582
General Ledger Cash Balances 221,972,117 231,661,670
*Total cash will differ from investment portfolio total due to outstanding checks and/or other
timing differences.
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.
Statement of Cash Receipts&Disbursements June 2013.xlsx 7/19/2013
Item 2. - 32 xB -50-
ATTACHMENT #2
HB Item z . 33
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CITY OF HUNTINGTON
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CITY TREASURER'S
REPORT
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xPeriod Ending: June 30, 2013
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isa Cutchen, City Treasurer
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INVESTMENT PORTFOLIO 3
o As Of June 30, 2013:
Market
Investment Type Value
Value Yield
°
C.D.s 250,000 250,000 0.60/°
Federal Agency Issues 1241951,016 126,2441773 0.96%
W
LAIF
381178,396 38,178,396 0.24% '
W
Corporate Notes 2641,740 26,3021960 0.81%
Y Totals $18995019152 $19099769129 0.79%
3
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INVESTMENT PORTFOLIO 3 =
o "Market Value by Investment Type:
;E
Corporate 0. 1% CDs
Notes
W
IWIF
20. 1% 4 Toy
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100 Federal Agencies
6 5.9°fay
a
'-'%RTFOLIO COMPARISON ® �
INVESTMENT COMPOSITION
9 fEf
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Money Commercial Federal US Corporate
City LAIF Market/CDs Paper Agencies Treasuries Bonds/Munis Total 3
Hs
Anaheim 11% 1% 7% 58% 0% 23% 100%
Costa Mesa 51% 0% 0% 49% 0% 0% 100% .
z Irvine 8% 4% 0% 88% 0% 0% 100%
Laguna Beach 26% 11% 0% 59% 0% 4% 100% `
Newport Beach 19% 0% 2% 40% 19% 20% 100%
. E
(As of 12131112)
AVERAGE: 23% 3% 2% 59% 4% 9%- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
'
Huntington Beach 20% 0. 1% 0% 66% 0% 14% 100%
As of 6130113)
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CD
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Pon,-FFOLIO PERFORMANCE AT 6/30/13
o Monthly Earnings: $ 112, 140
o Fiscal YTD Earnings: $ 1 ,009,959
o
Fiscal YTD Effective Hate of Return: 0. 76% y
o In Compliance / NO LOSSES
I.,
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CA STATE GOVERNMENT CODE
COMMONLY UTILIZED
F ALLOWABLE INVESTMENTS
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Dept. ID CT 13-001 Page 1 of 1
Meeting Date:5/6/2013
CITY OF HUNTINGTON BEACH
REQUEST FOR CITY COUNCIL ACTION
MEETING DATE: 5/6/2013
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Fred A. Wilson, City Manager
PREPARED BY: Alisa Cutchen, City Treasurer
SUBJECT: Receive and File the City Treasurer's March 2013 Quarterly Investment
Summary Report
Statement of Issue: Receive and File the City Treasurer's March 2013 Quarterly Investment
Summary Report.
Financial Impact: Not Applicable.
Recommended Action:
Receive and File the Quarterly Investment Report for March 2013, 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:
Improve long-term financial sustainability. Enhance internal and external communication.
Attachment(s):
1. Quarterly Investment Report for March 2013
Item 1. - 1 xB -10-
ATTACHMENT # 1
City of Huntington each
Treasurer's Investment Report
Period Ending: March 31, 2013
Prepared by: Alisa Cutchen, City Treasurer
I Page
Item 1. - 3 HB -12-
Economic and Market Overview:
Housing remained a bright spot in the U.S. economy. During the first quarter of 2013, home
prices and mortgage applications rose slightly as of the end of March. Energy prices moderated
during this period as well. However, consumer confidence still waivered and remained at levels
consistent with a mild recession while the employment picture remained troubling. The U.S.
financial system continued to be sensitive to European economic difficulties.
The Dow Jones Industrial Average (DJIA) and S&P 500 ended 1Q 2013 at all-time highs. Year-
to-date as of 3/31/13, the DJIA was up 11.3%, its best quarter in 15 years. The S&P was up
10% for the year. The 10-year Treasury yield waivered through the first quarter of 2013, moving
lower in the last week of March due to concerns of financial stability in Europe. The 10-year
Treasury ended the first quarter at 1.85%, a bit higher than as of December 2012.
While there was a slight upward trend in payrolls for January and February 2013, the below
consensus 88K rise in payrolls in March was disappointing. Weakness in manufacturing and
services continued. However, the unemployment rate did fall one tenth to 7.6% in March, 2013.
Portfolio Overview:
As of March 31, 2013:
%of YTM
Investment Type Market Value Book Value Portfolio 365-day Policy limit
Certificates of Deposit 250,000 250,000 0.1% 0.61% 30%
Federal Agency Issues 128,180,530 127,983,409 69% 0.94% None
Local Agency Investment Fund(LAIF) 38,147,960 38,147,960 20% 0.29% $50 million
Corporate Bonds 20,364,569 20,296,596 11% 0.80% 20%
Totals 186,943,059 186,677,965 100% 0.79%
As of March 31, 2013, the market value of the investment portfolio was $186.9 million, with a
book value of $186.7 million. Additionally, there was a balance of approximately $16.6 million
on March 28, 2013, in the City's bank account for near-term operational availability. The
portfolio is invested in only those investments allowable by State regulations and the City's
Investment Policy. Such investments are purchased to meet the portfolio objectives of
preservation of principal, maintenance of sufficient operating liquidity, and to attain a market rate
of return throughout budgetary and economic cycles, in that order of absolute priority.
Currently, City funds are invested in Certificates of Deposit, Federal Agency Securities,
Corporate Notes and the State of California's Local Agency Investment Fund (LAIF). The four
federal government sponsored entities (agencies) that the City purchases the securities of are:
Federal Home Loan Bank (FHLB), Federal Home Loan Mortgage Corporation (FHLMC/Freddie
Mac), Federal National Mortgage Association (FNMA/Fannie Mae) and Federal Farm Credit
Bank (FFCB/Farm Credit). Corporate notes are obligations of corporations. All corporate notes
are "A" rated or its equivalent or better, per the City's Investment Policy. LAIF offers local
agencies the opportunity to participate in a major portfolio with overnight liquidity managed by
2 1 P a g e
HB -13- Item 1. - 4
the State of California Treasurer's Office (please see http://www.treasurer.ca.gov/pmia-laif for
more information). LAIF has been utilized for the City's liquidity portfolio as the yield received
far surpasses that of similarly liquid investments at this time, including money market accounts,
short-term Treasury Bills, and commercial paper.
Book Value History
$ in Millions
$250
$194.7
$200 1183.1.$182
$175.1 $172.1 $180.1 $177.1 $174.2 $179.7
$164.2 $162.5
$157.5 $156.2
$150 {
$100
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$50
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The book value of the portfolio as of March 31, 2013 remains within historical norms. The
balance fluctuates with the seasonal and budgetary operational needs of the City.
3 1 P a g e
Item 1. - 5 H B -14-
Portfolio Earnings and Performance:
Monthly Earnings $108,343
:;:;s;:;:;�::::'::i::°�:i::i i:'::i::i;:;:i:;:?'�:�i�:;:i�i:::i':�;i;;:�;�s:i�;;i::::::::::::::::::�:::i:::i::;:;:;: ;:;;:::::;:::;;:::'���::i::;�'�,:''�''' '�'''�',•
$
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0a I€tat S : 0
P::::::::::.:.:.:.:.:.:.:.:.:.:.:.:.:.:.:.:.:.:.:.:.:.:.:.:::.:::.:::::::::,.......:.........:.:.....:..........::.:.:...:.:...:.:...:.:.:.:.:...:.....:.:.,..:.:..........:.............:.....
Monthly Budgeted Interest Income $112,000
Monthly Effective Rate of Return a68ob
Fiscal YTD Earnings $692,311
Fiscal YTD Budget $672,000
Fiscal YTD Effective Elate of Return asm
Benchmark(1) 0 28%
Bank Cash Balance at 3/28/13 $1LAMM
(1)Benchmark: The average of the monthly LAIF rate and the 12-month rolling average 2-yea r
Constant Maturity Treasury(CMT)rate,per Investment Policy State ment.
Monthly investment earnings for March 31, 2013, were $108,343. The monthly effective rate of
return of 0.68% decreased from 0.88% for the month of December 2012. For the fiscal year
2012-13, as of March 31, 2013, the effective rate of return was 0.80%, down from 0.90% for the
previous fiscal quarter.
The portfolio yield overall continues to decline as expected, due to the historically low interest
rates. Higher yielding bonds that mature or are "called" are causing retired funds to be invested
in the current low interest rate environment. Certain securities have "call' options, which means
the issuer may return the funds to the purchaser at a specified time. It is anticipated that the
portfolio yield will remain at these low levels and that it will take some time for portfolio yields to
increase, even as interest rates begin to move upward, as existing securities will continue to
remain in the portfolio until maturity, unless they are sold.
Portfolio Activity:
Quarterly Activity: For the quarter ending March 31, 2013, federal agency redemptions
(matured or called) totaled $25MM and corporate note redemptions totaled $1.5MM. Total
purchases for the quarter included $35MM in federal agency securities and $2MM in corporate
notes. There was a net increase in LAIF of$20.02MM for the quarter, as funds from taxes and
security redemptions have been retained for future liquidity needs.
4 1 P a g e
KB -1 5- Item 1. - 6
Monthly Activity: For the month of March 2013, a total of $3MM in federal agency securities
matured or were called and no corporate notes matured. All of the corporate notes previously
held (that were part of an FDIC-backed program), matured during the calendar year 2012.
These bonds had yields at around 2%. Unfortunately, due in part to their expiration, we have
seen a decrease in the return of the portfolio overall. Purchases for the month included $5MM
in federal agency securities and no corporate notes.
Compliance:
The portfolio is in conformity with all relevant State regulations and the city's Investment Policy
statement filed with the City Council on November 5, 2012. 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.
5 1 P a g e
Item 1. - 7 HB -16-
Additional Information:
Retirement Plan Information as of December 31, 2012:
(Due to the delay in statement receipt, information is from previous quarter.)
City of Huntington Beach-Pension/Trust Plans-Market Value Summary
Deferred Compensation Plan Summary Information
as of December 31,2012
Beginning Contributions Distributions/ Earnings Other Fees/ Ending
Balance Transfers (change in Adjustments Balance
(10-1-12) value) (12-31-12)
Gain/Loss/
Reporting is Quadedy Interest
ICMARetirement Corporation(457 Plan) $32,733,670 $672,092 ($856,738) $316,762 ($2,780) $32,863,006
Nationwide Retirement Solutions(457 Plan) $60,997,128 $1,313,917 ($1,166,179) $799,486 ($700) $61,943,652
Total Deferred Compensation Plan Balances $93,730,798 $1,986,009 ($2,022,917) $1,116,248 ($3,480) $94,806,658
City of H untington Beach
Retiree Medical Trust Summary Information
as of December 31,2012
Beginning Contributions Distributions/ Earnings Other Fees/ Ending
Balance Transfers (change in Adjustments Balance
Reporting is Quadedy (10-1-12) value) (12-31-12)
CalPERS Retiree Medical Trust Account $10,894,037 $482,285 $0 $206,048 ($4,270) $11,576,100
City of Huntington Beach
Supplemental Pension Trust Summary Information(monthly reporting,not quarterly)
as of December 31,2012
Beginning Employer Interest& Realized Change in Other Trust Ending
Balance Contributions Dividends Gain/Loss Unrealized Fees/ Balance
Gains/Losses Adjustments (12-31-12)
Reporting is Monthly (12-1-12)
Supplemental Pension Trust Account $33,582,131 $0 $249,002 $561,776 ($386,039) ($5,023) $34,001,849
6 , Page
HB -17- Item 1. - 8
Bond Reserve Accounts - Balances as of March 31, 2013:
Summary of Investments by Bond Issue
As of March 31,2013
Value as of
Bond Issue March 31,2013
City of Huntington Beach-2004Judgment Obligation Bonds(Property Tax Refunds) 1,159
Huntington Beach Public Financing Authority Lease Refunding Bonds 2010Series A 1,242,795
Huntington Beach Public Financing Authority Lease Revenue Refunding Bonds 2011 Series A 3,083,533
Redevelopment Agency of Huntington Beach-1999Tax Allocation Refunding Bonds(1/3 of 1992) 753,067
Redevelopment Agency of Huntington Beach-2002Tax Allocation Refunding Bonds(2/3 of 1992) 1,673,420
Huntington Beach Community Facilities District No.1990-1(Goldenwest-Ellis) 172,694
Huntington Beach Community Facilities District No.2000-1(Grand Coast-Hyatt) 1,248,163
Huntington Beach Community Facilities District No.2002-1(McDonnell Centre Business Park) 499,616
Huntington Beach Community Facilities District No.2003-1(Huntington Center-Bella Terra) 1,816,571
10,491,018
7 1 P a g e
Item 1. - 9 HB -1s-
NTINGTO
0�=44P�OR,rTfo��
-• v City of Huntington Beach
. = City of HI3 2000 Main St. ,
Huntington Beach,
Portfolio Management
qy °� Portfolio Summary
GF�GUNN cP���
March 31, 2013
Par Market Book %of Days to YTM YTM
Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv.
Certificates of Deposit 250,000.00 250,000.00 250,000.00 0.13 296 115 0.600 0.608
Federal Agency Issues-Coupon 128,000,000.00 128,180,530.00 127,983,409.34 68.56 1,584 1,383 0.931 0.944
Local Agency Investment Funds 38,147,960.18 38,147,960.18 38,147,960.18 20.44 1 1 0.281 0.285
Corporate Bonds 19,960,000.00 20,364,569.30 20,296,596.07 10.87 975 717 0.784 0.795
Investments 186,357,960.18 186,943,059.48 186,677,965.59 100.00% 1,193 1,026 0.782 0.793
Cash and Accrued Interest
Accrued Interest at Purchase 6,197.91 6,197.91
Subtotal 6,197.91 6,197.91
Total Cash and Investments 186,357,960.18 186,949,257.39 186,684,163.50 1,193 1,026 0.782 0.793
b�
Total Earnings March 31 Month Ending Fiscal Year To Date Fiscal Year Ending
Current Year 108,343.48 692,310.64
Current Budget 112,000.00 672,000.00 1,344,000.00
Last Year Actual 156,250.00 937,500.00 1,875,000.00
Average Daily Balance 186,749,407.36 172,868,056.39
Effective Rate of Return 0.68% 0.80%
I certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 5,2012. 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.
Alisa Cutchen,CITY TREASURER
Reporting period 0 310 112 0 1 3-0313 1120 1 3 Portfolio CITY
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Portfolio Management Page 1
Portfolio Details -Investments
March 31,2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date
Certificates of Deposit
06426GAA5 3946 Bank of the West 10/02/2012 250,000.00 250,000.00 250,000.00 0.600 0.608 115 07/25/2013
Subtotal and Average 250,000.00 250,000.00 250,000.00 250,000.00 0.608 115
Federal Agency Issues-Coupon
3133EAUE6 3932 Federal Farm Credit Bank 06/14/2012 5,000,000.00 5,006,600.00 5,000,000.00 0.875 AA 0.875 1,170 06/14/2016
3133EAUES 3933 Federal Farm Credit Bank 06/14/2012 51000,000.00 5,006,600.00 5,000,000.00 0.875 AA 0.875 1,170 06/14/2016
3133EAJ33 3942 Federal Farm Credit Bank 08/15/2012 5,000,000.00 5,009,100.00 4,997,892.36 0.730 AA 0.743 1,232 08/15/2016
3133EAP77 3944 Federal Farm Credit Bank 08/27/2012 5,000,000.00 5,006,050.00 5,000,000.00 0.480 AA 0.480 878 08/27/2015
3133805K9 3941 Federal Home Loan Bank 08/08/2012 5,000,000.00 5,000,200.00 4,999,383.93 0.720 AA 0.724 1,225 08108/2016
313381M44 3953 Federal Home Loan Bank 12/28/2012 51000,000.00 4,996,000.00 5,000,000.00 0.650 AA 0.650 1,367 12/2B/2016
3134G3FC9 3920 Federal Home Loan Mort Corp 01/09/2012 5,000,000.00 5,023.400.00 5,000,000.00 1.000 AA 1.000 912 09/30/2015
3134G3KC3 3922 Federal Home Loan Mort Corp 01/27/2012 5,000,000.00 5,029,050.00 5,000,000.00 1.000 AA 1.000 1,031 01/27/2016
3134G3LU2 3925 Federal Home Loan Mort Corp 02/14/2012 5,000,000.00 5,038,650.00 5,000,000.00 1.050 AA 1.316 1,415 02M4/2017
x 3134G3B90 3940 Federal Home Loan Mort Corp 08/15/2012 5,000,000.00 5,000,550.00 5,000,000.00 0.875 AA 0.875 1,597 08/15/2017
3134G33B4 3952 Federal Home Loan Mort Corp 01/11/2013 5,000,000.00 4,985,050.00 5,000,000.00 1.000 AA 1.000 1,746 01/11/2018
3139BA3L4 3854 Fed.Nat'l Mort.Assoc. 09/17/2010 3,000,000.00 3,013,830.00 3,000,000.00 1.125 AA 1.125 169 09/17/2013
O 3136GOJL6 3929 Fed.Nall Mort.Assoc. 06/07/2012 5,000,000.00 5,008,750.00 5,000,000.00 1.000 AA 1.257 1,528 06/07/2017
3136GOMK4 3931 Fed.Nall Mort.Assoc. 06/21/2012 5,000,000.00 5,008,550.00 5,000,000.00 1.000 AA 1.246 1,542 06/21/2017
3136GONRB 3935 Fed.Nat'l Mort.Assoc. 06/2812012 5,000,000.00 5,004,200.00 4,994,934.90 0.500 AA 0.966 1,184 06/28/2016
3135GORK1 3945 Fed.Nall Mort.Assoc. 11/07/2012 5,000,000.00 5,004,500.00 5,000,000.00 0.900 AA 0.900 1,681 11/07/2017
3136GO7K1 3947 Fed.Nat'l Mort.Assoc. 12t07/2012 5,000,000.00 4,985,050.00 5,000,000.00 0.700 AA 1.002 1,710 12/06/2017
3136G17E3 3950 Fed.Nat'l Mort.Assoc. 12/26/2012 5,000,000.00 4,996,100.00 5,000,000.00 0.650 AA 1.042 1,730 12/26/2017
3136G1A66 3951 Fed.Nat'l Mort.Assoc. 12/26/2012 5,000,000.00 5,011,300.00 5,000,000.00 0.700 AA 1.053 1,730 12/26/2017
3135GOSBO 3954 Fed.Nat'l Mort.Assoc. 12/21/2012 5,000,000.00 4,994,100.00 4.991,198.15 0.375 AA 0.452 994 12/21/2015
3136G1AY5 3955 Fed.Narl Mort.Assoc. 01/30/2013 5,000,000.00 5,018,450.00 5,000,000.00 0.750 AA 1.078 1,765 01/30/2018
3136G1CJ6 3957 Fed.Narl Mort.Assoc. 02/21/2013 5,000,000.00 5,000,400.00 5,000.000.00 0.750 AA 1.193 1,787 02/21/2018
3136G1 E62 3961 Fed.Nat'l Mort.Assoc. 02/25/2013 5,000,000.00 5,006,000.00 5,000,000.00 0.600 AA 0.600 1,242 08/25/2016
3135GONL3 3962 Fed.Nat'l Mort.Assoc. 02/11/2013 5,000,000.00 5,003,050.00 5,000,000.00 0.625 AA 0.625 1,057 02/22/2016
3136G1FBO 3963 Fed.Nat'l Mort.Assoc. 02/28/2013 5,000,000.00 5,002,150.00 5,000,000.00 0.750 AA 1.435 1,794 02/28/2018
3136G1EPO 3964 Fed.Nat'l Mort.Assoc. 03/12/2013 5,000,000.00 5,022,850.00 5.000,000.00 1.100 AA 1.100 1,806 03/12/2018
Subtotal and Average 128,047,707.00 128,000,000.00 128,180,530.00 127,983,409.34 0.944 1,383
Local Agency Investment Funds
SYS982 982 Laif City 38,147,960.18 38,147,960.18 38,147,960.18 0.285 0.285 1
Subtotal and Average 38,147,960.18 38,147,960.18 38,147,960.18 38,147,960.18 0.285 1
Portfolio CITY
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City of HB
Portfolio Management Page
Portfolio Details -Investments
March 31, 2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date
Corporate Bonds
084664AT8 3895 Berkshire Hathaway Fin 08/26/2011 1,310,000.00 1,410,647.30 1,388,924.29 4.850 AA 1.390 654 01/15/2015
14912L4Y4 3930 Caterpillar Financial Corp. 05/30/2012 2,000,000.00 2,023,320.00 2,007,193.53 1.125 A 0.911 623 12/15/2014
149121-5139 3936 Caterpillar Financial Corp. 08/03/2012 3,000,000.00 3,034,260.00 3,037,261.30 1.100 A 0.520 788 05/29/2015
36962G4X9 3906 General Electric Capital Corp 09/29/2011 2,000,000.00 2,026,220.00 2,007,942.59 2.100 AA 1.570 281 0110712014
36962G4G6 3949 General Electric Capital Corp 12/14/2012 1,650,000.00 1,732,632.00 1,730,204.32 3.750 AA 0.722 592 11/14/2014
36962G6R0 3956 General Electric Capital Corp 01/25/2013 2,000,000.00 2,000,860.00 2,001,087.98 1.000 AA 0.980 1,012 01/08/2016
24422ERK7 3937 John Deere Capital 08/03/2012 3,000,000.00 3,040,890.00 3,039,047.09 1.250 A 0.465 610 12/02/2014
24422ERSO 3948 John Deer:Capital 12/11/2012 2,000,000.00 2,018,400.00 2,016,899.35 0.950 A 0.570 819 06/29/2015
931142CXS 3943 Wal-Mart Stores 06/1412012 3,000,000.00 3,077,340.00 3,068,035.62 1.500 AA 0.606 937 10/25/2015
Subtotal and Average 20,303,740.17 19,960,000.00 20,364,569.30 20,296,596.07 0.795 717
Total and Average 186,749,407.36 186,357,960.18 186,943,059.48 186,677,965.59 0.793 1,026
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w Portfolio Details a Cash
March 31, 2013
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 6,197.91 6,197.91 0
Subtotal 6,197.91 6,197.91
Total Cash and Investments 186,749,407.36 186,357,960.18 186,949,257.39 186,684,163.50 0.793 1,026
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Portfolio Management
Activity By Type Page 1
March 1, 2013 through March 31, 2013
Stated Transaction Purchases Redemptions
CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance
Certificates of Deposit
Subtotal 250,000.00
Federal Agency Issues-Coupon
3133EAHZ4 3926 Federal Farm Credit Bank 1.300 03/20/2013 0.00 3,000,000.00
3136GIEPO 3964 Fed.Nat'l Mort.Assoc. 1.100 03/12/2013 5,000,000.00 0.00
Subtotal 5,000,000.00 3,000,000.00 127,983,409.34
Local Agency Investment Funds (Monthly Summary)
SYS982 982 Lair City 0.285 0.00 10,000,000.00
Subtotal 0.00 10,000,000.00 38,147,960.18
Corporate Bonds
Subtotal 20,296,596.07
Total 5,000,000.00 13,000,000A0 186,677,96559
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Portfolio Management Page 1
Activity Summary
March 2012 through March 2013
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 2012 38 174,394,254.80 1.158 1.174 0.383 1 5 1,186 993
April 2012 40 173,406,734.12 1.174 1.191 0.367 2 0 1,221 1,015
May 2012 40 181,650,062.55 1.168 1.184 0.363 1 1 1,218 994
June 2012 37 188,798,856.18 1.078 1.093 0.358 6 9 1,264 1,106
July 2012 33 178,453,606.72 1.011 1.025 0.363 0 4 1,133 964
August 2012 39 178,919,282.36 1.034 1.049 0.377 7 1 1,320 1,129
September 2012 37 169,501,918.57 1.000 1.014 0.348 0 2 1,299 1,099
October 2012 35 163,378,685.54 0.968 0.981 0.348 1 2 1,283 1,071
November 2012 36 161,479,959.57 0.963 0.976 0.324 1 0 1,299 1,068
December 2012 35 160,292,71824 0.903 0.915 0.326 7 8 1,340 1,159
January 2013 34 182,030,048.28 0.755 0.765 0.300 3 4 1,102 959
February 2013 37 183,986,101.22 0.756 0.767 0.286 4 1 1,125 983
March 2013 37 186,749,407.36 0.782 0.793 0.285 1 1 1,193 1,026
p Average 37 175,578,648.81 0.981% 0.994% 0.341 3 3 1,229 1,044
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Interest Earnings Summary
March 31, 2013
March 31 Month Ending Fiscal Year To Date
CD/Coupon/Discount Investments:
Interest Collected 36,375.00 790,076.52
Plus Accrued Interest at End of Period 306,967.49 306,967.49
Less Accrued Interest at Beginning of Period ( 229,426.36) ( 355,348.37)
Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
Interest Earned during Period 113,916.13 741,695.64
Adjusted by Premiums and Discounts -14,806.55 -95,418.08
Adjusted by Capital Gains or Losses 0.00 0.00
Earnings during Periods 99,109.58 646,277.56
Pass Through Securities:
Interest Collected 0.00 0.00
x Plus Accrued Interest at End of Period 0.00 0.00
Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00)
N Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
v,
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 0.00 40,085.61
Plus Accrued Interest at End of Period 33,505.14 33,505.14
Less Accrued Interest at Beginning of Period ( 24,271.24) ( 27,557.67)
Interest Earned during Period 9,233.90 46,033.08
Total Interest Earned during Period 123,160.03 787,728.72
Total Adjustments from Premiums and Discounts -14,806.55 -95,418.08
Total Capital Gains or Losses 0.00 0.00
Total Earnings during Period 108,343.48 692,310.64
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Run Date:O4/23r2013-14:14 PM(PRF PMS)7.3.0
I-- Report Ver.7.3.3b
Statement of Cash Receipts and Disbursements and
Summary of Cash by Fund
40 Finance Department
March 2013
Cash Receipts and Disbursements February 2013 March 2013
Receipts
Property Tax Receipts $40,775 $2,550,165
Utility Tax Receipts (UUT) 1,759,676 1,776,783
Sales Tax Receipts 1,901,700 2,522,330
1/2 Cent Safety Sales Tax Receipts 147,076 229,653
Highway Users Tax Receipts (HUT) 419,242 537,120
Transient Occupancy Tax Receipts (TOT) 405,189 530,761
Government Funds 111,492 97,683
Capital Funds 111,443 815,647
Debt Service Funds 3,831,799 1,189,307
Enterprise Funds 4,351,721 4,530,396
Fiduciary Funds 733,324 954,162
Special Revenue Funds 1,443,183 1,739,244
All Other Receipts 3,040,741 4,769,838
Total Receipts $18,297,359 $22,243,089
Disbursements
Total Disbursements (26,948,542) (28,376,797)
Net Change in Cash Flow ($8,651,182) ($6,133,708)
Summary of Cash by Fund February 2013 March 2013
General Fund 66,878,640 65,851,340
Government Funds 1,265,293 1,246,289
Capital Funds 10,665,458 11,436,847
Debt Service Funds 977,171 12,572
Enterprise Funds 90,167,879 90,342,965
Fiduciary Funds 18,433,949 16,995,449
Special Revenue Funds 14,412,783 14,716,843
General Ledger Cash Balances 202,801,173 200,602,304
*Total cash will differ from investment portfolio total due to outstanding checks and/or other
timing differences.
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.
Statement of Cash Receipts&Disbursements Mar 2013.)1sx 4/22/2013
Item 1. - 17 Hs -26-
State of California
Pooled Money Investment Account
Market Valuation
3/31/2013
United States Treasury:
Bills $ 21,165,387,450.46 $ 21,18132173814.80 $ 213185,5253200.00 NA
Notes $ 14,733,699,502.59 $ 143733,469,530.25 $ 14,770,5483500.00 $ 16,932,798.50
Federal Agency:
SBA $ 524,324,861.45 $ 524,322,142.49 $ 523,724,167.09 $ 531,099.13
MBS-REMICs $ 222,646,880.61 $ 222,646,880.61 $ 241,956,434.99 $ 1,0643470.37
Debentures $ 1,050,241,287.46 $ 1,050,238,537.46 $ 1,050,972,000.00 $ 1,745,946.00
Debentures FR $ - $ - $ - $ -
Discount Notes $ 6,193,549,777.78 $ 6,197,864,972.34 $ 6,199,1013000.00 NA
GNMA $ 1,353.93 $ 1,353.93 $ 1,365.19 $ 14.06
IBRD Debenture $ 399,971,694.00 $ 3993971,694.00 $ 4003828,000.00 $ 583,332.00
IBRD Deb FR $ - $ - $ -
CDs and YCDs FR $ 400,000,000.00 $ 400,000,000.00 $ 400,000,000.00 $ 254,511.11
Bank Notes $ - $ - $ - $ -
CDs and YCDs $ 5,650,034,759.91 $ 5,650,016,843.25 $ 5,647,5743286.13 $ 1,747,444.45
Commercial Paper $ 3,349,197,409.73 $ 3,349,593,979.26 $ 3,348,966,798.61 NA
Corporate:
Bonds FR $ $ - $ - $ -
Bonds $ - $ $ - $
Repurchase A reements $ - $ - $ - $
Reverse Repurchase $ - $ - $ - $
Time Deposits $ 43339,640,000.00 $ 4,339,640,000.00 $ 4,339,640,000.00 NA
AB 55&GF Loans I $ 7123079,191.43 $ 7123079,191.43 $ 712,0793191.43 NA
TOTAL 1 $ 58,740,774,169.35 1 $ 58,761,062,939.82 $ 58,820,916,943.44 $ 22,8593615.62
Fair Value Including Accrued Interest $ 58,843,776,559.06
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(1.0010186).
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$20,020,371.99 or$20,000,000.00 x1.0010186.
xB -27- Item 1. - 18
� �pN71 NGToy
_ City of Huntington Beach
" x City of l'iB 2000 Main St.
Huntington Beach,
Portfolio Management
Portfolio Summary
February 28, 2013
Investments Par Market Book %of Days to YTM YTM
Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv.
Certificates of Deposit 250,000.00 250,000.00 250,000.00 0.13 296 146 0.600 0.608
Federal Agency Issues-Coupon 126,000,000.00 126,163,060.00 125,982,942.28 64.71 1,580 1,398 0.933 0.946
Local Agency Investment Funds 48,147,960.18 48,147,960.18 48,147,960.18 24.73 1 1 0.282 0.286
Corporate Bonds 19,960,000.00 20,364,996.70 20,311,869.68 10.43 975 748 0.784 0.795
Investments 194,357,960.18 194,946,016.88 194,692,772.14 100.00% 1,125 983 0.756 0.767
Cash and Accrued Interest
Accrued Interest at Purchase 6,197.91 6,197.91
Subtotal 6,197.91 6,197.91
Total Cash and Investments 194,357,960.18 194,952,214.79 194,698,970.05 1,125 983 0.756 0.767
N
Total Earnings February 28 Month Ending Fiscal Year To Date Fiscal Year Ending
Current Year 104,195.98 583,967.16
Current Budget 112,000.00 560,000.00 1,344,000.00
Last Year Actual 156,250.00 781,250.00 1,875,000.00
Average Daily Balance 183,986,101.22 170,018,242.62
Effective Rate of Return 0.74% 0.83%
1 certify that this report accurately reflects all City pooled investments and Is in conformity with all State laws and the investment policy statement filed with the City Council on November 5,2012. 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.
Alisa Cutchen,CITY TREASURER
Reporting period 02/01/2013-02/28/2013 Portfolio CITY
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City of FIB
Portfolio Management Page 1
Portfolio Details e Investments
February 28, 2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date
Certificates of Deposit
06426GAA5 3946 Bank of the West 10/0212012 250,000.00 250,000.00 250,000.00 0.600 0.608 146 07/25/2013
Subtotal and Average 250,000.00 250,000.00 250,000.00 250,000.00 0.608 146
Federal Agency Issues-Coupon
3133EAHZ4 3926 Federal Farm Credit Bank 03/20/2012 3,000,000.00 2,997,210.00 3,000,000.00 1.300 AA 1.300 1,480 03/20/2017
3133EAUE6 3932 Federal Farm Credit Bank 06/14/2012 5,000,000.00 5,008,000.00 5,000,000.00 0.875 AA 0.875 1,201 06/14/2016
3133EAUE6 3933 Federal Farm Credit Bank 06/1412012 5,000,000.00 5,008,000.00 5,000,000.00 0.875 AA 0.875 1,201 06/14/2016
3133EAJ33 3942 Federal Farm Credit Bank 08/15/2012 5,000,000.00 5,009,100.00 4,997,840.28 0.730 AA 0.743 1,263 08/15/2016
3133EAP77 3944 Federal Farm Credit Bank 08/27/2012 5,000,000.00 5,005,250.00 5,000,000.00 0.480 AA 0.480 909 08/27/2015
3133805K9 3941 Federal Home Loan Bank 08/08/2012 5,000,000.00 5,000,250.00 4,999,368.61 0.720 AA 0.724 1,256 08/08/2016
313381M44 3953 Federal Home Loan Bank 12128/2012 5,000,000.00 4,992,350.00 5,000,000.00 0.650 AA 0.650 1,398 12128/2016
3134G3FC9 3920 Federal Home Loan Mort Corp 01/09/2012 5,000,000.00 5,024,650.00 5,000,000.00 1.000 AA 1.000 943 09/30/2015
3134G3KC3 3922 Federal Home Loan Mort Corp 01/27/2012 5,000,000.00 5,030,850.00 5,000,000.00 1.000 AA 1.000 1,062 01/27/2016
3134G3LU2 3925 Federal Home Loan Mort Corp 0211412012 5,000,000.00 5,041,250.00 5,000,000.00 1.050 AA 1.316 1,446 02114/2017
3134G3B90 3940 Federal Home Loan Mort Corp 08/1512012 5,000,000.00 5,004,450.00 5,000,000.00 0.875 AA 0.875 1,628 08/15/2017
tJ 3134G33B4 3952 Federal Home Loan Mort Corp 01/11/2013 5,000,000.00 4,989,200.00 5,000,000.00 1.000 AA 1.000 1,777 01/11/2018
31398AX4 3854 Fed.Nafl Mort.Assoc. 09/17/2010 3,000,000.00 3,015,300.00 3,000,000.00 1.125 AA 1.125 200 09/17/2013
3136GOJL6 3929 Fed.Narl Mort.Assoc. 06/07/2012 5,000,000.00 5,013,200.00 5,000,000.00 11000 AA 1257 1,559 06/07/2017
3136GOMK4 3931 Fed.Nat'l Mort.Assoc. 06/21/2012 5,000,000.00 5,011,550.00 5,000,000.00 1.000 AA 1246 1,573 06/21/2017
3136GONRB 3935 Fed.Nafl Mort.Assoc. 06/28/2012 5,000,000.00 5,004,950.00 4,994,804.69 0.500 AA 0.966 1,215 06/28/2016
3135GORK1 3945 Fed.Nafl Mort.Assoc. 11/07/2012 5,000,000.00 5,003,750.00 5,000,000.00 0.900 AA 0.900 1,712 11/07/2017
3136G07K1 3947 Fed.Nat1 Mort.Assoc. 12107/2012 5,000,000.00 4,983,100.00 5,000,000.00 0.700 AA 1.002 1,741 12106/2017
3136G17E3 3950 Fed.Nat1 Mort.Assoc. 12126/2012 5,000,000.00 4,992,850.00 5,000,000.00 0.650 AA 1.042 1,761 12126/2017
3136GIA66 3951 Fed_Nat'l Mort.Assoc. 12126/2012 5,000,000.00 5,008,150.00 5,000,000.00 0.700 AA 1.053 1,761 12126/2017
3135GUSB0 3954 Fed.Nat'l Mort.Assoc. 12121/2012 5,000,000.00 4,993,050.00 4,990,928.70 0.375 AA OA52 1,025 12121/2015
3136G1AY5 3955 Fed.Nat'l Mort.Assoc. 01/30/2013 5,000,000.00 5,019,700.00 5,000,000.00 0.750 AA 1.078 1,796 01/30/2018
3136G1CJ6 3957 Fed.Nafl Mort.Assoc. 02121/2013 5,000,000.00 5,000,550.00 5,000,000.00 0.750 AA 1.193 1,818 02121/2018
3136G1E62 3961 Fed.WI Mort.Assoc. 02125/2013 5,000,000.00 5,002,100.00 5,000,000.00 0.600 AA 0.600 1,273 08/25/2016
3135GONL3 3962 Fed.Nafl Mort.Assoc. 02111/2013 5,000,000.00 5,003,450.00 5,000,000.00 0.625 AA 0.625 1,088 02122/2016
313SGlFB0 3963 Fed.Nafl Mort.Assoc. 02/28/2013 5,000,000.00 5,000.800.00 5,000,000.00 0.750 AA 1.435 1,825 02128/2018
Subtotal and Average 115,268,416.37 126,000,000.00 126,163,060.00 125,982,942.28 0.946 1,398
Local Agency Investment Funds
SYS982 982 LaitCity 48,147,960.18 48,147,960.18 48,147,960.18 0.286 0.286 1
Subtotal and Average 48,147,960.18 48,147,960.18 48,147,960.18 48,147,960.18 0286 1
Portfolio CITY
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Portfolio Management Page 2
Portfolio Details -Investments
February 28, 2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment Issuer Balance Date Par Value Market Value Book Value Rate SAP 365 Maturity Date
Corporate Bonds
084664AT8 3895 Berkshire Hathaway Fin 08/26/2011 1,310,000.00 1,415,48120 1,392,600.88 4.850 AA 1.390 685 01/15/2015
14912L4Y4 3930 Caterpillar Financial Corp. 05/30/2012 2,000,000.00 2,022,880.00 2,007,545.01 1.125 A 0.911 654 12/15/2014
14912LS09 3936 Caterpillar Financial Corp. 08/03/2012 3,000,000.00 3,034,680.00 3,038,698.11 1.100 A 0.520 819 05/29/2015
36962G4X9 3906 General Electric Capital Corp 09/29/2011 2,000,000.00 2,029,800.00 2,008,805.92 2.100 AA 1.570 312 01/07/2014
36962G4G6 3949 General Electric Capital Corp 12/14/2012 1,650,000.00 1,736,245.50 1,734,331.48 3.750 AA 0.722 623 11/14/2014
36962GSR0 3956 General Electric Capital Corp 01/25/2013 2,000,000.00 2,006,260.00 2,001,120.71 1.000 AA 0.980 1,043 01/08/2016
24422ERK7 3937 John Deere Capital 08/03/2012 3,000,000.00 3,043,260.00 3,040,996.20 1.250 A 0.465 641 12/02/2014
24422ERS0 3948 John Deere Capital 12/11/2012 2,000,000.00 2,018,480.00 2,017,526.80 0.950 A 0.570 850 06/29/2015
931142CXS 3943 Wal-Mart Stores 08/14/2012 3,000,000.00 3,077,910.00 3,070,244.57 1.500 AA 0.6D6 968 10/25/2015
Subtotal and Average 20,319,724.67 19,960,000.00 20,384,996.70 20,311,869.68 0.795 748
Total and Average 183,986,101.22 194,357,960.18 194,946,016.88 194,692,772.14 0.767 983
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City of 1-113
Portfolio Management Page 3
Portfolio Details -Cash
February 28, 2013
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 6,197.91 6,197.91 0
Subtotal 6,197.91 6,197.91
Total Cash and Investments 183,986,101.22 194,357,960.18 194,952,214.79 194,698,970.05 0.767 983
e~� Portfolio CITY
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N Portfolio Management
Activity By Type Page 1
February 1,2013 through February 28,2013
Stated Transaction Purchases Redemptions
CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance
Certificates of Deposit
Subtotal
250,000.00
Federal Agency Issues-Coupon
3136FTK73 3924 Fed.Narl Mort.Assoc. 1.375 02/22/2013 0.00 5,000,000.00
3136G1CJ6 3957 Fed.Narl Mort.Assoc. 0.750 02/21/2013 5,000,000.00 0.00
3136G1E62 3961 Fed.Nat1 Mort Assoc. 0.600 02/25/2013 5,000,000.00 0.00
3135GONL3 3962 Fed.Narl Mort.Assoc. 0.625 02/11/2013 5,000,000.00 0.00
3136G1 FBO 3963 Fed.Nat?Mort.Assoc. 0.750 02/28/2013 5,000,000.00 0.00
Subtotal 20,000,000.00 5,000,000.00 125,982,942.28
Local Agency Investment Funds (Monthly Summary)
Subtotal 48,147,960.18
Corporate Bonds
C7.7
W Subtotal 20,311,869.68
Total 20,000,000.00 5,000,000.00 194,692,772.14
Portfolio CITY
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City of 1-113
Portfolio Management Page 1
Activity Summary
February 2012 through February 2013
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 2012 42 174,741,686.41 1.197 1.214 0.389 2 0 1,242 1,043
March 2012 38 174,394,254.80 1.158 1.174 0.383 1 5 1,186 993
April 2012 40 173,406,734.12 1.174 1.191 0.367 2 0 1,221 1,015
May 2012 40 181,650,062.55 1.168 1.184 0.363 1 1 1,218 994
June 2012 37 188,798,856.18 1.078 1.093 0.358 6 9 1,264 1,106
July 2012 33 . 178,453,606.72 1.011 1.025 0.363 0 4 1,133 964
August 2012 39 178,919,282.36 1.034 1.049 0.377 7 1 1,320 1,129
September 2012 37 169,501,918.57 1.000 1.014 0.348 0 2 1,299 1,099
October 2012 35 163,378,685.54 0.968 0.981 0.348 1 2 1,283 1,071
November 2012 36 161,479,959.57 0.963 0.976 0.324 1 0 1,299 1,068
December 2012 35 160,292,718.24 0.903 0.915 0.326 7 8 1,340 1,159
January 2013 34 182,030,048.28 0.755 0.765 0.300 3 4 1,102 959
b�
February 2013 37 183,986,101.22 0.756 0.767 0.286 4 1 1,125 983
Average 37 174,638,127.43 1.013% 1.0271/6 0.349 3 3 1,233 1,045
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City of HB
Portfolio Management Page 1
Interest Earnings Summary
February 28, 2013
February 28 Month Ending Fiscal Year To Date
CD/Coupon/Discount Investments:
Interest Collected 131,704.86 753,701.52
Plus Accrued Interest at End of Period 229,426.36 229,426.36
Less Accrued Interest at Beginning of Period ( 252,692.23) ( 355,348.37)
Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
Interest Earned during Period 108,438.99 627,779.51
Adjusted by Premiums and Discounts -14,806.54 -80,611.53
Adjusted by Capital Gains or Losses 0.00 0.00
Earnings during Periods 93,632.45 547,167.98
Pass Through Securities:
Interest Collected 0.00 0.00
Plus Accrued Interest at End of Period 0.00 0.00
I� Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00)
w 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 0.00 40,085.61
Plus Accrued Interest at End of Period 24,271.24 24,271.24
Less Accrued Interest at Beginning of Period ( 13,707.71) ( 27,557.67)
Interest Earned during Period 10,563.53 36,799.18
Total Interest Earned during Period 119,002.52 664,578.69
Total Adjustments from Premiums and Discounts -14,806.54 -80,611.53
Total Capital Gains or Losses 0.00 0.00
Total Earnings during Period 104,195.98 583,967.16
Portfolio CITY
AP
Run Dale:0423/2013-14:10 PM(PRF PM6)7.3.0
Report Ver.7.3.3b
Statement of Cash Receipts and Disbursements and
Summary of Cash by Fund
Finance Department
February 2013
Cash Receipts and Disbursements . January 2013 February 2013
Receipts
Property Tax Receipts $14,302,643 $40,775
Utility Tax Receipts (UUT) 1,633,467 1,759,676
Sales Tax Receipts 1,534,100 1,901,700
1/2 Cent Safety Sales Tax Receipts 150,911 147,076
Highway Users Tax Receipts (HUT) 400,788 419,242
Transient Occupancy Tax Receipts (TOT) 362,226 405,189
Government Funds 69,982 111,492
Capital Funds 163,611 111,443
Debi Service Funds - 3,831,799
Enterprise Funds 4,927,138 4,351,721
Fiduciary Funds 7,939,378 733,324
Special Revenue Funds 1,841,342 1,443,183
All Other Receipts 4,150,726 3,040,741
Total Receipts $37,476,309 $18,297,359
Disbursements
Total Disbursements (20,836,761) (26,948,542)
Net Change in Cash Flow $16,639,548 ($8,661,182)
Summary of Cash by Fund January 2013 February 2013
General Fund 74,440,764 66,878,640
Government Funds 1,266,469 1,265,293
Capital Funds 10,795,055 10,665,458
Debt Service Funds 13,072 977,171
Enterprise Funds 89,117,699 90,167,879
Fiduciary Funds 19,169,455 18,433,949
Special Revenue Funds 14,376,806 14,412,783
General Ledger Cash Balances 209,179,320 202,801,173 "
"Total cash will differ from investment portfolio total due to outstanding checks and/or other
timing differences.
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.
Statement of Cash Receipts&Disbursements Feb 2013.xlsx 3/2 212 0 1 3
HB -35- Item 1. - 26
State of California
Pooled Money Investment Account
Market Valuation
2/2 /2013
�>rx�.��g— _a7S 2 r� - :, _ ,�r''S i_:fz t rt•' -.C r- � ` .,x't�3y c 2Y?�'9� F.
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United States Treasury:
Bills $ 21,364,321,394.72 $ 21,383,434,100.00 NA
Notes $ 15,231,781,609.50 $ 15,272,690,500.00 $ 20,404,400.50
Federal Agency:
SBA $ 531,624,405.41 $ 531,729,410.70 $ 539,362.58
MBS-REMICs $ 230,012,064.39 $ 249,375,135.18 $ 1,099,604.33
Debentures $ 1,000,310,087.04 $ 1,000,948,000.00 $ 1,491,778.00
Debentures FR $ - $ - $ -
Discount Notes $ 5,393,961,583.34 $ 5,398,026,000.00 NA
GNMA $ 2,203.34 $ 2,222.19 $ 22.57
IBRD Debenture $ 399,961,857.92 $ 400,820,000.00 $ 416,668.00
IBRD Deb FR $ - $ -
CDs and YCDs FR $ 400,000,000.00 $ 400,000,000.00 $ 96,927.77
Bank Notes $ - $ - $ -
CDs and YCDs $ 5,750,002,164:56 $ 5,748,394,211.65 $ 1,313,527.78
Commercial Paper $ 2,849,419,638.92 $ 2,849,524,763.88 NA
Corporate:
Bonds FR $ - $ - $ -
Bonds $ - $ - $ -
Repurchase Agreements $ - $ - $
Reverse Repurchase $ - $ - $
Time Deposits $ 4,242,640,000.00 $ 4,242,640,000.00 NA
AB 55&GF Loans $ 1,636,124,016.23 $ 1,636,124,016.23 NA
TOTAL $ 59,030,161,025.37 $ 59,113,708,359.83 $ 25,362,291.53
Fair Value Including Accrued Interest $ 59,139,070,651.36
Repurchase Agreements, Time Deposits,AB 55&General Fund loans, and
Reverse Repurchase agreements are carried at portfolio book value(carrying cost).
Item 1. - 27 HB -36-
NTINGrO
'rcall Pa
IMrFc yB
v City of Huntington Beach
i City of 1-113 2000 Main St.
Huntington Beach,
Portfolio Management
Portfolio Summary
January 31,2013
Investments Par Market Book %of Days to YTM YTM
Value Value Value Portfolio Term Maturity 360 EquIv. 385 Equiv.
Certificates of Deposit 250,000.00 250,000.00 250,000.00 0.14 296 174 0.600 0.608
Federal Agency Issues-Coupon 111,000,000.00 111,000,340.00 110,982,475.23 61.76 1,604 1,410 0.949 0,962
Local Agency Investment Funds 48,147,960.18 48,147,960.18 48,147,960.18 26.79 1 1 0.296 0.300
Corporate Bonds 19,960,000.00 20,381,937.80 20,327,143.27 11.31 975 776 0.784 0.795
Investments 179,357,960.18 179,780,237.98 179,707,578.68 100.00% 1,102 959 0.755 0.765
Cash and Accrued Interest
Accrued Interest at Purchase 6,197.91 6,197.91
Subtotal 6,197.91 6,197.91
Total Cash and Investments 179,357,960.18 179,786,435.89 179,713,776.59 1,102 959 0.755 0.765
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Total Earnings January 31 Month Ending Fiscal Year To Date Fiscal Year Ending
Current Year 112,255.45 479,771.18
Current Budget 112,000.00 448,000.00 1,344,000.00
Last Year Actual 156,250.00 625,000.00 1,875,000.00
Average Daily Balance 182,030,048.28 166,838,567.49
Effective Rate of Return 0.73% 0.85%
I certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 5,2012. 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.
Alisa Cutchen,CITY TREASURER
Reporting period 0110112013.01131/2013 Portfolio CITY
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Portfolio Details m Investments
January 31, 2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date par Value Market Value Book Value Rate S&P 365 Maturity Date
Certificates of Deposit
06426GAA5 3946 Bank of the West 10/02/2012 250,000.00 250,000.00 250,000.00 0.600 0.608 174 07/25/2013
Subtotal and Average 250,000.00 250,000.00 250,000.00 250,000.00 0.608 174
Federal Agency Issues-Coupon
3133EAHZ4 3926 Federal Farm Credit Bank 03/20/2012 3,000,000.00 2,986,900.00 3,000,000.00 1.300 AA 1.300 1,508 03/20/2017
3133EAUE6 3932 Federal Farm Credit Bank 06/14/2012 5,000,000.00 5,010,950.00 5,000,000.00 0.875 AA 0.875 1,229 06/14/2016
3133EAUE6 3933 Federal Farm Credit Bank 06/14/2012 5,000,000.00 5,010,950.00 5,000,000.00 0.875 AA 0.875 1,229 06/14/2016
3133EAJ33 3942 Federal Farm Credit Bank 08/15/2012 5,000,000.00 5,011,750.00 4,997,788.19 0.730 AA 0.743 1,291 08/15/2016
3133EAP77 3944 Federal Farm Credit Bank 08/27/2012 5,000,000.00 5,008,050.00 5,000,000.00 0.480 AA 0.480 937 O8/27/2015
3133805K9 3941 Federal Home Loan Bank 08/08/2012 5,000,000.00 5,000,350.00 4,999,353.30 0.720 AA 0.724 1,284 08/08/2016
313381M44 3953 Federal Home Loan Bank 12/28/2012 5,000,000.00 4,974,350.00 5,000,000.00 0.650 AA 0.650 1,426 12/28/2016
3134G3FC9 3920 Federal Home Loan Mort Corp 01/09/2012 5,000,000.00 5,030,000.00 5,000,000.00 1.000 AA 1.000 971 09/30/2015
3134G3KC3 3922 Federal Home Loan Mort Corp 01/27/2012 5,000,000.00 5,035,250.00 5,000,000.00 1.000 AA 1.000 1,090 01/27/2016
3134G3LU2 3925 Federal Home Loan Mort Corp 02/14/2012 5,000,000.00 5,037,800.00 5,000,000.00 1.050 AA 1.316 1,474 02/14/2017
C7J 3134G31390 3940 Federal Home Loan Mort Corp 08/15/2012 5,000,000.00 4,983,350.00 5,000,000.00 0.875 AA 0.875 1,656 Oa/15/2017
W 3134G33134 3952 Federal Home Loan Mort Corp 01/11/2013 5,000,000.00 4,971,300.00 5,000,000.00 1.000 AA 1.000 1,805 01/11/2018
oe 31398AX4 3854 Fed.Nat9 Mort.Assoc. 09/17/2010 3,000,000.00 3,017,790.00 3,000,000.00 1.125 AA 1.125 228 09/17/2013
3136FTK73 3924 Fed.Nat'I Mort.Assoc. 02/22/2012 5,000,000.00 5,003,450.00 5,000,000.00 1.375 AA 1.375 1,482 02/22/2017
3136GDJLS 3929 Fed.Nafl Mort.Assoc. 06/07/2012 5,000,000.00 5,013,800.00 5,000,000.00 1.000 AA 1.257 1,587 06/07/2017
3136GOMK4 3931 Fed.Nat'l MorL Assoc. 06/21/2012 5,000,000.00 5,010,300.00 5,000,000.00 1.000 AA 1.246 1,601 06/21/2017
3136GONR8 3935 Fed.Nat?Mort.Assoc. 06/28/2012 5,000,000.00 5,007,750.00 4,994,674.48 0.500 AA 0.966 1,243 06/28/2016
3135GORK1 3945 Fed.Nat1 Mort.Assoc. 11/07/2012 5,000,000.00 4,981,650.00 5,000,000.00 0.900 AA 0.900 1,740 11/07/2017
3136GO71(1 3947 Fed.Nat?Mort.Assoc. 12/07/2012 5,000,000.00 4,959,300.00 5,000,000.00 0.700 AA 1.002 1,769 12/06/2017
3136G17E3 3950 Fed.Nafl Mort.Assoc. 12/26/2012 5,000,000.00 4,969,850.00 5,000,000.00 0.650 AA 1.042 1,789 1226/2017
3136GIA66 3951 Fed.Nafl Mort.Assoc. 12/26/2012 5,000,000.00 4,985,600.00 5,000,000.00 0.700 AA 1.053 1,789 12/26/2017
3135GOSBO 3954 Fed.Nat'l Mort.Assoc. 12/21/2012 5,000,000.00 4,989,350.00 4,990,659.26 0.375 AA 0.452 1,053 1221/2015
3136G1AY5 3955 Fed.NO Mort.Assoc. 01/30/2013 5,000,000.00 5,001,500.00 5,000,000.00 0.750 AA 1.078 1,824 01/30/2018
Subtotal and Average 117,079,030.97 111,000,000.00 111,000,340.00 110,982,475.23 0.962 1,410
Local Agency Investment Funds
SYS982 982 Laif City 48,147,960.18 48,147,960.18 48,147,960.18 0.300 0.300 1
Subtotal and Average 45,238,091.50 48,147,960.18 48,147,960.18 48,147,960.18 0.300 1
Corporate Bonds
084664AT8 3895 Berkshire Hathaway Fin O8/26/2011 1,310,000.00 1,417,197,30 1,396,277.48 4.850 AA 1.390 713 01/15/2015
14912L4Y4 3930 Caterpillar Financial Corp. 05/302012 2,000,000.00 2,023,120.00 2,007,896.48 1.125 A 0.911 682 12/15/2014
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Portfolio Details- Investments
January 31, 2013
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date
Corporate Bonds
14912LSD9 3936 Caterpillar Financial Corp. 08/03/2012 3,000,000.00 3,034,440.00 3,040,134.92 1.100 A 0.520 847 05/29/2015
36962G4X9 3906 General Electric Capital Corp 09/29/2011 2,000,000.00 2,033,380.00 2,009,669.24 2.100 AA 1.570 340 01/07/2014
36962G4G6 3949 General Electric Capital Corp 12/14/2012 1,650,000.00 1,737,400.50 1,738,458.63 3.750 AA 0.722 651 11/14/2014
36962G6RO 3956 General Electric Capital Corp 01/25/2013 2,000,000.00 1,999,200.00 2,001,153.45 1.000 AA 0.980 1,071 01/08/2016
24422ERK7 3937 John Deere Capital OB/03/2012 3,000,000.00 3,039,180.00 3,042,945.30 1.250 A 0.465 669 12/02/2014
24422ERSO 3948 John Deere Capital 12/11/2012 2,000,000.00 2,016,180.00 2,018,154.25 0.950 A 0.570 878 06/29/2015
931142CX9 3943 Wal-Mart Stores 08/14/2012 3,000,000.00 3,081,840.00 3,072,453.52 1.500 AA 0.606 996 10/25/2015
Subtotal and Average 19,462,925.81 19,960,000.00 20,381,937.80 20,327,143.27 0.795 776
Total and Average 182,030,043.28 179,357,960.18 179,780,237.98 179,707,578.68 0.765 959
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Portfolio Details a Cash
January 31, 2013
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 6,197.91 6,197.91 0
Subtotal 6,197.91 6,197.91
Total Cash and Investments 182,030,048.28 179,357,960.18 179,786,435.89 179,713,776.59 0.765 959
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Activity By Type
January 1, 2013 through January 31, 2013
Stated Transaction Purchases Redemptions
CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance
Certificates of Deposit
Subtotal 260,000.00
Federal Agency Issues-Coupon
3134G3HV5 3919 Federal Home Loan Mort Corp 1.125 01/25/2013 0.00 5,000,000.00
3134G3GN4 3921 Federal Home Loan Mort Corp 1.500 01/18/2013 0.00 7,000,000.00
3134G33B4 3952 Federal Home Loan Mort Corp 1.000 01/11/2013 5,000,000.00 0.00
3136FTA58 3923 Fed.Nat'l Mort.Assoc. 1.300 01/30/2013 0.00 5,000,000.00
3136G1AY5 3955 Fed.Nat'l Mort.Assoc. 0.750 01/30/2013 5,000,000.00 0.00
Subtotal 10,000,000.00 17,000,000.00 110,982,475.23
Local Agency Investment Funds (Monthly Summary)
SYS982 982 Lait City 0.300 30,014,709.23 0.00
x Subtotal 30,014,709.23 0.00 48,147,960.18
b� Corporate Bonds
36962G6R0 3956 General Electric Capital Corp 1.000 01/25/2013 2,001,160.00 0.00
36962GZY3 3997 General Electric Capital Corp 5.450 01/15/2013 0.00 1,500,000.00
Subtotal 2,001,160.00 1,500,000.00 20p3Z7,143.27
Total 42,015,869.23 18,500,000.00 179,707,578.68
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Activity Summary
January 2012 through January 2013
Yield to Maturity Managed Number Number
Month Number of Average 360 365 Pool of Investment; of Investments Average Average
End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Tenn Days to Maturity
January 2012 40 161,736,755.70 1.143 1.159 0.385 5 2 1,138 963
February 2012 42 174,741,686.41 1.197 1.214 0.389 2 0 1,242 1,043
March 2012 38 174,394,254.80 1.158 1.174 0.383 1 5 1,186 993
April 2012 40 173,406,734.12 1.174 1.191 0.367 2 0 1,221 1,015
May 2012 40 181,650,062.55 1.168 1.184 0.363 1 1 1,218 994
June 2012 37 188,798,856.18 1.078 1.093 0.358 6 9 1,264 1,106
July 2012 33 178,453,606.72 1.011 1.025 0.363 0 4 1,133 964
August 2012 39 178,919,282.36 1.034 1.049 0.377 7 1 1,320 1,129
September 2012 37 169,501,918.57 1.000 1.014 0.348 0 2 1,299 1,099
October 2012 35 163,378,685.54 0.968 0.981 0.348 1 2 1,283 1,071
November 2012 36 161,479,959.57 0.963 0.976 0.324 1 0 1,299 1,068
December 2012 35 160,292,718.24 0.903 0.915 0.326 7 8 1,340 1,159
January 2013 34 182,030,048.28 0.755 0.765 0.300 3 4 1,102 959
41 Average 37 172,971,412.59 1.043% 1.057% 0.356 3 3 1,234 1,043
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Interest Earnings Summary
January 31, 2013
January 31 Month Ending Fiscal Year To Date
CD/Coupon/Discount Investments:
Interest Collected 231,767.50 621,996.66
Plus Accrued Interest at End of Period 252,692.23 252,692.23
Less Accrued Interest at Beginning of Period ( 366,499.15) ( 355,348.37)
Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
Interest Earned during Period 117,960.58 519,340.52
Adjusted by Premiums and Discounts 17,231.55 -65,804.99
Adjusted by Capital Gains or Losses 0.00 0.00
Earnings during Periods 100,729.03 453,535.53
Pass Through Securities:
Interest Collected 0.00 0.00
Plus Accrued Interest at End of Period 0.00 0.00
trj Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00)
Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
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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 14,709.23 40,085.61
Plus Accrued Interest at End of Period 13,707.71 13,707.71
Less Accrued Interest at Beginning of Period ( 16,890.52) ( 27,557.67)
Interest Earned during Period 11,526.42 26,235.65
Total Interest Earned during Period 129,487.00 545,576.17
Total Adjustments from Premiums and Discounts -17,231.55 -65,804.99
Total Capital Gains or Losses 0.00 0.00
Total Earnings during Period 112,255.45 479,771.18
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Statement of Cash Receipts and Disbursements and
Summary of Cash by Fund
Finance Department
January 2013
Cash Receipts and Disbursements December2012 January 2013
Receipts
Property Tax Receipts $19,207,861 $14.302,643
Utility Tax Receipts (UUT) 1,664,572 1,633,467
Sales Tax Receipts 2,403,468 1,534,100
1/2 Cent Safety Sales Tax Receipts 186,304 160,911
Highway Users Tax Receipts (HUT) - 400,788
Transient Occupancy Tax Receipts (TOT) 405,379 362,226
Govemment Funds 79,262 69,982
Capital Funds 8,199 163,611
Debt Service Funds -
Enterprise Funds 4,393,478 4,927,138
Fiduciary Funds 2,770,274 7,939,378
Special Revenue Funds 1,178,891 1,841,342
All Other Receipts 1,848,461 4,160,726
Total Receipts $34,146,128 $37,476,309
Disbursements
Total Disbursements (18,505,802) (20,836,761)
Net Change In Cash Flow $15,640,327 $16,639,548
Summary of Cash by Fund December 2012 _ January 2013
General Fund 67,732,593 74,440,764
Government Funds 1,467,748 1,266,469
Capital Funds 10,464,129 10,796,066
Debt Service Funds 13,072 13,072
Enterprise Funds 89,776,494 89,117,699
Fiduciary Funds 10,930,326 19.169,455
Special Revenue Funds 12,209.260 14,376,806
General Ledger Cash Balances 192,573,620 209,179,320 *
*Total cash will differ from investment portfolio total due to outstanding checks and/or other
timing differences,
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.
Statement of Cash Receipts&Disbursements Jan 2013.xtsx 2/2 212 0 1 3
Item 1. - 35 H B -4 -
State of California
Pooled Loney Investment Account
Market Valuation
1/31/201
g�p*�'
United States Treasury:
Bills $ 22,562,328,023.14 $ 22,584,211,250.00 NA
Notes $ 15,331,927,365.10 $ 15,371,356,500.00 $ 16,480,709.00
Federal Agency:
SBA $ 520,393,793.59 $ 520,472,808.42 $ 537,396.72
MBS-REMICs $ 242,732,974.68 $ 263,492,502.64 $ 1,160,853.22
Debentures $ 1,000,310,087.04 $ 1,001,138,000.00 $ 1,242,608.00
Debentures FR $ - $ - $ -
Discount Notes $ 5,094,092,666.66 $ 5,098,638,000.00 NA
GNMA $ 3,019.07 $ 3,043.85 $ 30.77
IBRD Debenture $ 399,961,857.92 $ 400,980,000.00 $ 250,000.00
IBRD Deb FR $ - $ - $ -
CDs and YCDs FR $ 400,000,000.00 $ 400,000,000.00 $ 436,659.72
Bank Notes $ - $ - $ -
CDs and YCDs $ 6,450,002,386.75 $ 6,447,827,206.26 $ 991,722.24
Commercial Paper $ 4,099,200,208.37 $ 4,098,735,222.23 NA
Corporate:
Bonds FR $ - $ $ -
Bonds $ - $ - $ -
Repurchase Agreements $ - $ - $
Reverse Repurchase $ - $ - $
Time Deposits $ 4,153,640,000.00 $ 4,153,640,000.00 NA
AB 55&GF Loans $ 1,197,076,016.23 $ 1,197,076,016.23 NA
TOTAL $ 61,451,668 398.55 $ 61,537,570,549.63 $ 21,099,979.67
Fair Value Including Accrued Interest $ 61,558,670,529.30
Repurchase Agreements, Time Deposits,AB 55 &General Fund loans, and
Reverse Repurchase agreements are carried at portfolio book value(carrying cost).
HB -45- Item 1. - 36
City of Huntington Beach
City Treasurer's Report
Period Ending: March 31 , 2013
Alisa Cutchen, City Treasurer
Investment P f
{ ® As fMarc 12013
s
in Millions
of
Investment Type Market Value Book Value Portfolio Yield
C.D.s 0.250 0.250 0. 1 % 0.6%
Federal Agency Issues 128.2 128.0 69% 0.9%
LAIF 38. 1 38. 1 20% 0.3%
Corporate Notes/Bonds 20.3 20.3 11 % 0.8
Totals 1 0 $ 186o7 100% 098
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Portfolio Performance at 3/31 / 13
• Monthly Earnings : $ 108 , 343
• Fiscal YTD Earnings : $ 692 , 311
41
• Fiscal YTD Effective Rate of Return :
0 . 80%
• In Compliance / NO LOSSES
3
CD
CA State Government Code
Commonly Utilized
Allowable Investments
• Certificates of Deposit (CDs)
s
o • U.S.Treasury Bills, Bonds and Notes
• U.S. Federal Agency Issues
• Corporate Notes/Bonds
• LAIF (CA State Pool)
Current Investment Rates
LAIF as of March 31 , 2013: 0.285%
National Average I -year CD*: 0.25%
6-Month T-Bill as of 04/23/ 13: 0.08%
2-Year Treasury as of 4/23/ 13 : 0.23%
U.S. Agency Security as of 4/23/ 13:
2-year FHLMC 0.30%
3 -year FFCB 0.40%
CD
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iQUESTIONS ?
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Dept. ID CT 12-020 Page 1 of 1
Meeting Date:2/4/2013
,,,4 40V�� - 70
CITY OF HUNTINGTON BEACH
4: REQUEST FOR CITY COUNCIL ACTION
MEETING DATE: 2/4/2013
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Fred A. Wilson, City Manager
PREPARED BY: Alisa Cutchen, City Treasurer
SUBJECT: Receive and File the City Treasurer's December 2012 Quarterly
Investment Summary Report
Statement of Issue: Receive and File the Quarterly Investment Report for December 2012,
pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
Financial Impact: Not Applicable.
Recommended Action:
Receive and File the Quarterly Investment Report for December 2012, pursuant to Section
17.0 of the Investment Policy of the City of Huntington Beach.
Alternative Action(s): Deny or Critique Quarterly report.
Analysis: Not Applicable.
Environmental Status: Not Applicable.
Strategic Plan Goal:
Improve long-term financial sustainability. Enhance internal and external communication.
Attachment(s):
1. Quarterly Investment Report for December 2012
KB -9- Item I. - I
ATTAC H M E N T # 1
City of Huntington each
Treasurer's Investment Report
Period Ending; December 31, 2012
Prepared by: Alisa Cutchen, City Treasurer
1 Page
HB -11- Item 1. - 3
Economic and Market Overview:
Over the third quarter of 2012, the United States economy continued to be impacted by the
aftereffects of hurricane "Sandy" and fading consumer confidence. With the "fiscal cliff' looming
at year-end and the debt ceiling debate pending, the fixed income and equity markets remained
relatively flat. During the final week of 2012, the S&P fell 1.9% with the Nasdaq down 2%. Fear
of uncertainty toward year-end pushed the yield on the U.S. Treasuries up slightly, with the 10-
year treasury ending the year at just over 1.7%.
With the re-election of President Obama, the Federal Reserve's very low interest-rate policy will
continue into 2013. Interest rates are anticipated to remain low until either there is a rise in
inflation or we see strong improvements in the housing market.
On a positive note, the housing sector continued to gain momentum over the past few months
and inflation remained at low levels. The employment picture showed modest improvement,
ending the year at 7.8%.
Economic growth both in the U.S. and abroad remains constrained as the global financial crisis
continued. Most experts predict modest economic growth for the U.S. in 2013.
Portfolio Overview:
%of YTM
Investment Type Market Value Book Value Portfolio 365-day Policy Limit
Certificates of Deposit 250,000 250,000 0.2% 0.61% 30%
Federal Agency Issues 127,376,040 127,143,137 81% 0.99% None
Local Agency Investment Fund (LAIF) 18,133,251 18,133,251 12% 0.33% $50 million
Medium Term Notes - Corporate 10,729,025 10,682,553 7% 1.04% 20%
Totals 156,488,316 156,208,942 100% 0.92%
As of December 31, 2012, the market value of the investment portfolio was $156.5 million, with
a book value of $156.2 million. Additionally, there was a balance of approximately $40.4 million
on December 31, 2012 in the City's operating bank account for operational availability. The
balance in the bank account was larger than typical due to the City's property taxes having been
received in December and due to $35 million received from the maturities or calls of
investments. Those funds not necessary for current operations will be invested in the near
future. The portfolio is invested in only those investments allowable by State regulations and
the City's Investment Policy. Such investments are purchased to meet the portfolio objectives of
preservation of principal, maintenance of sufficient operating liquidity, and to attain a market rate
of return throughout budgetary and economic cycles, in that order of absolute priority.
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Item 1. - 4 xB -12-
Book Value History- $ in trillions
$200
$180 $175.1 $175.1
$182.1 $183.1$180.1
$158.1 $164.2$160 $157.5 $162.5 $156.2
$139.1
$140
$120
$100
$80
$60
$40
$20
$0
aA ce J\A
ti ti � ti ti ti
Currently, City funds are invested in Certificates of Deposit, Federal Agency Securities, Medium
Term Corporate Notes and the State of California's Local Agency Investment Fund (LAIF). The
four federal government sponsored entities that the City purchases the securities from are
Federal Home Loan Bank (FHLB), Federal Home Loan Mortgage Corporation (FHLMC/Freddie
Mac), Federal National Mortgage Association (FNMA/Fannie Mae) and Federal Farm Credit
Bank (FFCB/Farm Credit). All corporate notes are "A" rated or its equivalent or better, per the
City's Investment Policy. LAIF offers local agencies the opportunity to participate in a major
portfolio with immediate liquidity managed by the State Treasurer's Office (please see
http://www.treasurer.ca.gov/pmia-laif for more information).
3 1 P a g e
HB -13- Item 1. - 5
Portfolio Earnings and Performance:
Monthly Earnings $119,513
Interest: $137,5613
AJJ.Premiums/Discounts $18,055
CapAMP ains $0
Monthly Budgeted Interest Income $112,000
Monthly Effective Rate of Return 0.88%
Fiscal YTD Earnings $368,012
Fiscal YTD Budget $336,000
Fiscal YTD Effective Rate of Return 0.90%
Benchmark(1) 0.30%
Bank Cash Balance at 12/31/12 $40.OMM
(1)Benchmark: The average of the monthly LAIF rate and the 12-month
rolling average 2-year Consta nt Maturity Treas ury(CMT)rate.
Monthly investment earnings for December 31, 2012, were $119,513. The monthly effective
rate of return of 0.88% decreased slightly from 0.95% for the month of September 2012. For the
fiscal year 2012-13, as of December 31, 2012, the effective rate of return was 0.90%, down from
1.05% for the previous fiscal quarter.
The portfolio yield overall continues to decline as expected, due to the historically low interest
rates. Higher yielding bonds that mature or are "called" are causing retired funds to be invested
in the current low interest rate environment. Certain securities have "call" options, which means
the issuer may return the funds to the buyer at a specified time. It is anticipated that the
portfolio yield will remain at these low levels and that it will take some time for portfolio yields to
increase, even as interest rates begin to move upward, as existing securities will continue to
remain in the portfolio until maturity, unless they are sold.
Portfolio Activity:
Quarterly Activity: For the quarter ending December 31, 2012, federal agency redemptions
(matured or called) totaled $38MM and corporate note redemptions totaled $4MM. Total
purchases for the quarter included $30MM in federal agency securities and $3.65MM in
corporate notes. The City also purchased a 10-month negotiable CD from Bank of the West in
the amount of$250,000, with a rate of .60%.
Monthly Activity: For the month of December 2012, a total of $33MM in federal agency
securities matured or were called and $2MM of corporate notes matured. The agency securities
were called due to the current low interest environment, hence allowing the issuer to re-issue at
lower rates. The corporate notes were part of an FDIC-backed program, which concluded at
year end. Hence, all of the City's FDIC-backed bonds matured over the calendar year 2012.
These bonds had yields around 2%. Unfortunately, in part due to their expiration, we have seen
4 1 P a g e
Item 1 . - 6 HB -14-
a decrease in the return of the portfolio overall. Purchases for the month included $25MM in
Federal Agency Securities and $3.7MM in corporate notes.
Quarter-to-Quarter Comparison
Book Value
913012012 12/31/2012 change
Certificates of Deposit $0 $250,000
Federal Agency Issues $135,168,939 $127,143,137 -5.9%
Local Agency Investment Fund (LAIF) $18,107,875 $18,133,251 0.1%
Medium Term Notes - Corporate $10,950,900 $10,682,553 -2.5%
Totals $164,227,714 $156,208,941 -4.9%
Compliance:
The portfolio is in conformity with all State laws and the Investment Policy statement filed with
the City Council on November 5, 2012. 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.
5 1 P a g e
HB -15- Item 1. - 7
Additional Information:
Retirement Plan Information as of September 30, 2012:
(Due to the delay in statement receipt, information is from previous quarter.)
Deferred Compensation Plan Summary Information
as of September 30,2012
Beonning Contributions Distributions/ Earnings Other Fees) Endrg
Balance Transfers (change in A4ustments Balance
Repodirgk QM&ly Q-1.12) value) (9.30-12)
ICMARetirerrent Corporation(467 Plan) $31,58V75 $497,248 ($469,339) $1,120,331 ($2,$46) $32,733,669
Nationwide Retirement Solutions(457 Plan) $58,767,472 $831,252 ($486,360) $1,885,513 ($750) $60,997,127
Total Deferred Compensation Plan Balances $90,355,747 $1,328,500 ($955,699) $3,005,844 ($3,596) $93,730,796
Cityof Huntington Beach
Retiree Medical Trust Sumnarylnfom>ation
as of September 30,2012
Beginning Coftrtions Distributions/ Earnings Other Fees/ Endng
Mance Transfers (change in A4ustments Balance
RepodugisQLWedy R-1-12) value) (9.30-12)
CalPERS Retiree Medical Trust Account $10,297,458 $82,747 $0 $517,800 ($3,968) $10,894,037
City of Huntington Beach
Supplemental Pension Trust Summarylnformition
as of September 30,2012
Beginning Employer Interest& Realized Change in Net Accrued OtherTrust OtherAcNV- ErKling 00xrA WV. Revised
Balance Contributions Dividends Gain/Loss 1lrrealized Income/ Feesf Sale of Balance Reirwestment Endng
Gains 1 Losses Earnings A4ustments Securities (9.30-12) of Securities Balance
(9.1.12) (change in (9.30.12)
RWirgis Mod* value)
Supplemental Pension Trust Account $32,264,709 $676,716 $15,727 $343,399 $209,342 $27,239 ($4,805) ($2,546,229)$30,986,098 $2,546,229 $33,532,327
6 Page
Item 1. - 8 HB -16-
Bond Reserve Accounts - Balances as of December 31, 2012:
Schedule of Bond Investments
Held by Fiscal Agent as of December 31,2012
Account
Bond Issue Name Total
Huntington Beach Public Financing Authority Lease Refunding Bonds 2010Series A Reserve 1,242,733.08
Huntington Beach PFA-2011 Series A(Capital Improvement Refinancing Project) Reserve 3,075,555.56
Redevelopment Agency of Huntington Beach-1999 Tax Allocation Refunding Bonds(1/3 of 1992) Reserve 755,052.29
Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(2/3 of 1992) Reserve 1,030,665.72
Huntington Beach Community Facilities District No.1990-1(Goldenwest-Ellis) Reserve 172,553.90
Huntington Beach Community Facilities District No.2000-1(Grand Coast-Hyatt) Reserve 1,238,087.58
Huntington Beach Community Facilities District No.2002-1(McDonnell Centre Business Park) Reserve 490,461.17
Huntington Beach Community Facilities District No.2003-1(Huntington Center-Bella Terra) Reserve 1,810,481.20
7 1 P a g e
xB -17- Item 1. - 9
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�xNNTIN67-
MORA
City of Huntington Beach
_ City of HB 2000 Main St.
O 9 �^ Q Huntington Beach,
9�c F��-�--�-oQ= Portfolio Management
oNTv�P��� Portfolio Summary
December 31, 2012
Investments Par Market Book %of Days to YTM YTM
Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv.
Certificates of Deposit 250,000.00 250,000.00 250,000.00 0.16 296 205 0.600 0.608
Federal Agency Issues-Coupon 127,000,000.00 127,376,040.00 127,143,136.79 81.39 1,574 1,374 0.975 0.989
Local Agency investment Funds 18,133,250.95 18,133,250.95 18,133,250.95 11.61 1 1 0.322 0.326
Medium Tenn Notes 10,460,000.00 10,729,024.90 10,682,553.26 6.84 852 586 1.029 1.043
Investments 155,843,250.95 156,488,315.85 156,208,941.00 100.00% 1,340 1,159 0.903 0.915
Cash and Accrued Interest
Accrued Interest at Purchase 5,253.47 5,253.47
Subtotal 5,253.47 5,253.47
Total Cash and Investments 155,843,250.95 156,493,569.32 156,214,194.47 1,340 11159 0.903 0.915
Total Earnings December 31 Month Ending Fiscal Year To Date Fiscal Year Ending
Current Year 119,513.37 368,012.19
Current Budget 112,000.00 336,000.00 1,344,000.00
Last Year Actual 156,250.00 468,750.00 1,875,000.00
Average Daily Balance 160,292,718.24 161,719,698.96
Effective Rate of Return 0.88% 0.90%
1 certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 5,2012. 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.
Alisa Cutchen,CITY TREASURER
Reporting period 1 2/0 1/2 01 2-1 2131/2 01 2 Portfolio CITY
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Portfolio Details -Investments
December 31, 2012
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date
Certificates of Deposit
06426GAA5 3946 Bank of the West 10/02/2012 250,000.00 250,000.00 250,000.00 0.600 0.608 205 07/25/2013
Subtotal and Average 250,000.00 250,000.00 250,000.00 250,000.00 0.608 205
Federal Agency Issues-Coupon
149121-5139 3936 Caterpillar Financial Corp. 08/03/2012 3,000,000.00 3,024,900.00 3,041,571.73 1.100 AA 0.520 878 05/29/2015
3133EAHZ4 3926 Federal Farm Credit Bank 03/20/2012 3,000,000.00 2,998,170.00 3,000,000.00 1.300 AA 1.300 1,539 03/20/2017
3133EAUE6 3932 Federal Farm Credit Bank 06/14/2012 5,000,000.00 5,013,650.00 5,000,000.00 0.875 AA 0.875 1,260 06/14/2016
3133EAUE6 3933 Federal Farm Credit Bank O6/14/2012 5,000,000.00 5,013,650.00 5,000,000.00 0.875 AA 0.875 1,260 06/14/2016
3133EAJ33 3942 Federal Farm Credit Bank 08/15/2012 5,000,000.00 5,013,700.00 4,997,736.11 0.730 AA 0.743 1,322 08/15/2016
3133EAP77 3944 Federal Farm Credit Bank 08/27/2012 5,000,000.00 5,008,050.00 5,000,000.00 0.480 AA 0.480 968 08/27/2015
31338051<9 3941 Federal Home Loan Bank 08/08/2012 5,000,000.00 5,000,250.00 4,999,337.99 0.720 AA 0.724 1,315 08/08/2016
313381M44 3953 Federal Home Loan Bank 12/28/2012 5,000,000.00 4,990,700.00 5,000,000.00 0.650 AA 0.650 1,457 12/28/2016
3134G3HV5 3919 Federal Home Loan Mort Corp 01/25/2012 5,000,000.00 5,003,400.00 5,000,000.00 1.125 AA 1.490 1,485 01/25/2017
3134G3FC9 3920 Federal Home Loan Mort Corp 01/09/2012 5,000,000.00 5,032,050.00 5,000,000.00 1.000 AA 1.000 1,002 09/30/2015
3134G3GN4 3921 Federal Home Loan Mort Corp 01/18/2012 7,000,000.00 7,004,270.00 7,000,000.00 1.500 AA 1.500 1,478 01/18/2017
3134G3KC3 3922 Federal Home Loan Mort Corp 01/27/2012 5,000,000.00 5,037,900.00 5,000,000.00 1.000 AA 1.000 1,121 01/27/2016
3134G3LU2 3925 Federal Home Loan Mort Corp 02/14/2012 5,000,000.00 5,047,550.00 5,000,000.00 1.050 AA 1.316 1,505 02/14/2017
3134G3B90 3940 Federal Home Loan Mort Corp 08/15/2012 5,000,000.00 5,009,300.00 5,000,000.00 0.875 AA 0.875 1,687 08/15/2017
31398A3L4 3854 Fed.Nat'l Mort Assoc. 09/17/2010 3,000,000.00 3,020,070.00 3,000,000.00 1.125 AA 1.125 259 09/17/2013
3136FTA58 3923 Fed.N91 Mort Assoc. 01/30/2012 5,000,000.00 5,004,350.00 5,000,000.00 1.300 AA 1.300 1,490 01/30/2017
3136FTK73 3924 Fed.N91 Mort Assoc. 02/22/2012 5,000,000.00 5,008,350.00 5,000,000.00 1.375 AA 1.375 1,513 02/22/2017
3136GOJL6 3929 Fed.Nat'l Mort.Assoc. 06/07/2012 5,000,000.00 5,019,100.00 5,000,000.00 1.000 AA 1.257 1,618 06/07/2017
3136GOMK4 3931 Fed.Nat'l Mort Assoc. 06/21/2012 5,000,000.00 5,015,100.00 5,000,000.00 1.000 AA 1.246 1,632 06/21/2017
3136GONR8 3935 Fed.Nat'l Mort.Assoc. 06/28/2012 5,000,000.00 5,008,750.00 4,994,644.27 0.500 AA 0.966 1,274 06/28/2016
3135GORK1 3945 Fed.Nat'l Mort Assoc. 11/07/2012 5,000,000.00 5,004,600.00 5,000,000.00 0.900 AA 0.900 1,771 11/07/2017
3136GO7K1 3947 Fed.Nat'l Mort Assoc. 12/07/2012 5,000,000.00 4,979,300.00 5,000,000.00 0.700 AA 1.002 1,800 12106/2017
3136G17E3 3950 Fed.Nat'l Mort Assoc. 12/26/2012 5,000,000.00 4,990,900.00 5,000,000.00 0.650 AA 1.042 1,820 12/26/2017
3136G1A66 3951 Fed.Nat'l Mort Assoc. 12/26/2012 5,000,000.00 5,006,500.00 5,000,000.00 0.700 AA 1.053 1,820 12/26/2017
3135GOSBO 3954 Fed.Nat'l Mort Assoc. 12/21/2012 5,000,000.00 4,993,800.00 4,990,389.81 0.375 AA 0,452 1,084 12/21/2015
24422ERK7 3937 John Deere Capital 08/03/2012 3,000,000.00 3,039,870.00 3,044,894.41 1.250 A-1 0.465 700 12/02/2014
931142CX9 3943 Wal-Mart Stores 08/14/2012 3,000,000.00 3,087,810.00 3,074,662.47 1.500 AA 0.606 1,027 10/25/2015
Subtotal and Average 131,442,170.98 127,000,000.00 127,376,040.00 127,143,136.79 0.989 1,374
Local Agency Investment Funds
SYS982 982 Laif City 18,133,250.95 18,133,250.95 18,133,250.95 0.326 0.326 1
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Portfolio Details -Investments
December 31, 2012
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date
Subtotal and Average 18,133,250.95 18,133,250.95 18,133,250.95 18,133,250.95 0.326 1
Medium Term Notes
084664ATB 3895 Berkshire Hathaway Fin 08/26/2011 1,310,000.00 1,421,205.90 1,399,954.08 4.850 AA 1.390 744 01/15/2015
149121-4Y4 3930 Caterpillar Financial Corp. 05/30/2012 2,000,000.00 2,021,460.00 2,008,247.96 1.125 A 0.911 713 12/15/2014
36962G4X9 3906 General Electric Capital Corp 09/29/2011 2,000,000.00 2,032,820.00 2,010,532.57 2.100 AA 1.570 371 01/07/2014
36962G4G6 3949 General Electric Capital Corp 12/14/2012 1,650,000.00 1,739,859.00 1,742,585.78 3.750 AA 0.722 682 11/14/2014
36962GZY3 3997 General Electric Capital Corp 09/16/2011 1,500,000.00 1,502,580.00 1,502,451.17 5.450 AA 1.200 14 01/15/2013
24422ERSo 3948 John Deere Capital 12/11/2012 2,000,000.00 2,011,100.00 2,018,781.70 0.950 A 0.570 909 06/29/2015
Subtotal and Average 10,467,296.30 10,460,000.00 10,729,024.90 10,682,553.26 1.043 586
Total and Average 160,292,718.24 155,843,250.95 156,488,315.86 156,208,941.00 0.915 1,159
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Portfolio Details -Cash
December 31, 2012
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 5,253.47 5,253.47 0
Subtotal 5,253.47 5,253.47
Total Cash and Investments 160,292,718.24 155,843,250.95 156,493,569.32 156,214,194.47 0.915 1,159
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Portfolio Management Activity By Type Page 1
December 1, 2012 through December 31, 2012
Stated Transaction Purchases Redemptions
CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance
Certificates of Deposit
Subtotal 250,000.00
Federal Agency Issues-Coupon
313381M44 3953 Federal Home Loan Bank 0.650 12/28/2012 5,000,000.00 0.00
3134G361-3 3910 Federal Home Loan Mort Corp 1.000 12/05/2012 0.00 5,000,000.00
3134G3CVO 3911 Federal Home Loan Mort Corp 1,000 12/19/2012 0.00 5,000,000.00
3134G3DY3 3912 Federal Home Loan Mort Corp 0,875 12/19/2012 0.00 5,000,000.00
3134G3FGO 3913 Federal Home Loan Mort Corp 0.650 12/27/2012 0.00 3,000,000.00
3136FTVF3 3916 Fed.Nat'l Mort Assoc. 1.250 12/28/2012 0.00 5,000,000.00
3136FTXD6 3917 Fed.Nat'l Mort Assoc. 1.100 12/28/2012 0.00 5,000,000.00
3136GOMVO 3934 Fed,Nat'l Mort Assoc. 0.800 12/21/2012 0.00 5,000,000.00
3136GO7K1 3947 Fed.Nat'l Mort Assoc. 0.700 12/07/2012 5,000,000.00 0.00
3136G17E3 3950 Fed.Nat'l MorL Assoc. 0.650 12/26/2012 5,000,000.00 0.00
3136GIA66 3951 Fed.Nat'l Mort.Assoc. 0.700 12/26/2012 5,000,000.00 0.00
3135GOSBO 3954 Fed.Nat'l Mort Assoc. 0.375 12/21/2012 4,990,300.00 0.00
N Subtotal 24,990,300.00 33,000,000.00 127,143,136.79
Local Agency Investment Funds (Monthly Summary)
Subtotal 18,133,250.95
Medium Term(Notes
36962G4G6 3949 General Electric Capital Corp 3.750 12/14/2012 1,744,924.50 0.00
36186CBF9 3763 GMAC FDIC Insured 2,200 12/19/2012 0.00 2,000,000.00
24422ERSO 3948 John Deere Capital 0.950 12/11/2012 2,019,200.00 0.00
Subtotal 3,764,124.50 2,000,000.00 10,682,553.26
Total 28,754,424.50 35,000,000.00 156,208,941.00
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Activity Summary
December 2011 through December 2012
Yield to Maturity Managed Number Number
Month Number of Average 360 365 Pool of Investments of Investments Average Average
End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity
December 2011 37 147,666,119.75 1.154 1.170 0.382 8 5 1,067 888
January 2012 40 161,736,755.70 1.143 1.159 0.385 5 2 1,138 963
February 2012 42 174,741,686.41 1.197 1.214 0.389 2 0 1,242 1,043
March 2012 38 174,394,254.80 1.158 1.174 0.383 1 5 1,186 993
April 2012 40 173,406,734.12 1.174 1.191 0.367 2 0 1,221 1,015
May 2012 40 181,650,062.55 1.168 1.184 0.363 1 1 1,218 994
June 2012 37 188,798,856.18 1.078 1.093 0.358 6 9 1,264 1,106
July 2012 33 178,453,606.72 1.011 1.025 0.363 0 4 1,133 964
August 2012 39 178,919,282.36 1.034 1.049 0.377 7 1 1,320 1,129
September 2012 37 169,501,918.57 1.000 1.014 0.348 0 2 1,299 1,099
October 2012 35 163,378,685.54 0.968 0.981 0.348 1 2 1,283 1,071
November 2012 36 161,479,959.57 0.963 0.976 0.324 1 0 1,299 1,068
�j December 2012 35 160,292,718.24 0.903 0.915 0.326 7 8 1,340 1,159
NAverage 38 170,288,083.16 1.073% 1.088% 0.363 3 3 1,232 1,038
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Distribution of Investments By Type
December 2011 through December 2012
December January February March April May June July August September October November December Average
Security Type 2011 2012 2012 2012 2012 2012 2012 2012 2012 2012 2012 2012 2012 by Period
Repurchase Agreements
Certificates of Deposit 0.2 --
- 0.2
----. -- -- -- - - - --
Commercial.Paper-Interest Bearing
Federal Agency Issues-Coupon 65.8 69.1 74.8 70.9 72.5 72.1 76.1 67.2 82.2 82.3 82.7 83.2 81.4 75.4%
Local Agency Investment Funds_ 19.0 17.2 11.5 17.5 16.5 16.4 16.7 25.5 10.4 11.0 11.5 11.2 11.6 15.1%
Treasury Securities-Coupon -
- - -- - --- --
Medium Term Notes 15.2 13.7 13.7 11.6 11.0 11.5 7.2 7.3 7.4 6.7 5.7 5.5 6.8 9.5%
Negotiable CD's
Certificates of Deposit-Bank
Mortgage Backed Securities
Bankers Acceptances-Amortizing
Commercial Paper Disc.-Amortizing
------------ -
Federal Agency Disc.-Amortizingto - -
Treasury Discounts-Amortizing
N� Miscellaneous Discounts-Amortizing
---
Money Market Acct - -- -- -
Rolling Repurchase Agreements
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Interest Earnings Summary
December 31, 2012
December 31 Month Ending Fiscal Year To Date
CD/Coupon/Discount Investments:
Interest Collected 321,970.83 390,229.16
Plus Accrued Interest at End of Period 366,499.15 366,499.15
Less Accrued Interest at Beginning of Period ( 555,922.25) ( 355,348.37)
Less Accrued Interest at Purchase During Period ( 0.00)
( 0.00)
Interest Earned during Period 132,547.73 401,379.94
Adjusted by Premiums and Discounts -18,055.03 -48,573.44
Adjusted by Capital Gains or Losses 0.00 0.00
Earnings during Periods 114,492.70 352,806.50
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)
N Less Accrued Interest at Purchase During Period
� g ( 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 0.00 25,376.38
Plus Accrued Interest at End of Period 17,386.98 17,386.98
Less Accrued Interest at Beginning of Period ( 12,366.31) ( 27,557.67)
Interest Earned during Period 5,020.67 15,205.69
Total Interest Earned during Period 137,568.40 416,585.63
Total Adjustments from Premiums and Discounts -18,066.03 -48,573.44
Total Capital Gains or Losses 0.00 0.00
Total Earnings during Period 119,513.37 368,012.19
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Statement of Cash Receipts and Disbursements and
Summary of Cash by Fund
Finance Department
December 2012
Cash Receipts and Disbursements November 2012 December 2012
Receipts
Property Tax Receipts $6,608,718 $19,207,861
Utility Tax Receipts (UUT) 1,795,936 1,664,572
Sales Tax Receipts 2,230,400 2,403,468
1/2 Cent Safety Sales Tax Receipts 154,084 186,304
Highway Users Tax Receipts (HUT) 777,337 -
Transient Occupancy Tax Receipts (TOT) 620,330 405,379
Government Funds 95,315 79,252
Capital Funds 55,454 8,199
Debt Service Funds - -
Enterprise Funds 6,426,966 4,393,478
Fiduciary Funds 800,128 2,770,274
Special Revenue Funds 2,602,344 1,178,891
All Other Receipts 2,947,097 1,848,451
Total Receipts $25,114,109 $34,146,128
Disbursements
Total Disbursements (17,289,322) (18,505,802)
Net Change in Cash Flow $7,824,788 $15,640,327
Summary of Cash by Fund November 2012 December 2012
General Fund 57,042,044 67,732,593
Government Funds 1,418,936 1,457,748
Capital Funds 6,092,911 10,454,129
Debt Service Funds 13,072 13,072
Enterprise Funds 89,923,547 89,776,494
Fiduciary Funds 8,707,009 10,930,325
Special Revenue Funds 18,487,924 12,209,260
General Ledger Cash Balances 181,685,443 192,573,620
*Total cash will differ from investment portfolio total due to outstanding checks and/or other
timing differences.
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.
Statement of Cash Receipts&Disbursements Dec 2012 1/18/2013
Item 1. - 18 xB -26-
State of California
Pooled Money Investment Account
Market Valuation
12/31/2012
United States Treasury:
Bills $ 20,014,359,193.25 $ 20,028,817,536.91 $ 20,033,448,800.00 NA
Notes $ 14,732,478,642.74 $ 14,732,478,642.74 $ 14,775,668,500.00 $ 12,869,927.00
Federal Agency:
SBA $ 525,864,983.85 $ 525,864,983.85 $ 526,379,724.76 $ 543,304.13
MBS-REMICs $ 256,334,642.80 $ 256 334 642.80 $ 278,039,972.37 $ 1,226,041.18
Debentures $ 1,200,310,087.04 $ 1,200,310,087.04 $ 1201,248,000.00 $ 1,182,334.00
Debentures FR $ - $ - $ - $ -
Discount Notes $ 3,194,940,722.24 $ 3,197,374,444.44 $ 3,198,546,000.00 NA
GNMA $ 4,952.66 $ 4,952.66 $ 4,986.48 $ 49.61
IBRD Debenture $ 399,961,857.92 $ 399,961,857.92 $ 400580,000.00 $ 83,332.00
IBRD Deb FR $ - $ - $ - $ -
CDs and YCDs FR $ 400,000,000.00 $ 400,000,000.00 $ 400,000,000.00 $ 272,747.22
Bank Notes $ - $ - $ - $ -
CDs and YCDs $ 4,800,000,000.00 $ 4,800,000,000.00 $ 4,799,224,554.94 $ 618,736.09
Commercial Paper $ 1,599,600,611.08 $ 1,599,644,083.29 $ 1 598,907,347.22 NA
Corporate:
Bonds FR $ - $ - $ - $
Bonds $ - $ - $ - $ -
Repurchase A reement $ - $ - $ - $ -
Reverse Repurchase $ - $ - $ - $ -
Time Deposits $ 4,333,640,000.00 $ 4,333,640,000.00 $ 4,333,640 000.00 NA
AB 55&GF Loans $ 11,739 482,016.23 $ 11,739,482,016.23 $ 11,739,482,016.23 NA
TOTAL $ 63 196,977 709.81 1 $ 63,213,913,247.88 $ 63,285,169,902.00 $ 16 796,471.23
Fair Value Including Accrued Interest $ 63,301,966,373.23
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(1.001127231).
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$20,022,544.61 or$20,000,000.00 x1.001127231.
HB -27- Item 1. - 19
WINGTp�Y
0�_,`�`OPPOB1rF0 ��
City of Huntington Beach
r City of 8'113 2000 Main St.
Huntington Beach,
Portfolio Management
o �N Portfolio Summary
November 30, 2012
Par Market Book %of Term Days
t s to 360E a M 365E YTM
Investments Value Value Value Portfolio Maturity q Equiv.
Certificates of Deposit 250,000.00 250,000.00 250,000.00 0.15 296 236 0.600 0.608
Federal Agency Issues-Coupon 135,000,000.00 135,512,910.00 135,158,14425 83.19 1,498 1,257 1.015 1.029
Local Agency Investment Funds 18,133,250.95 18,133,250.95 18,133,250.95 11.16 1 1 0.320 0,324
Medium Term Notes 8,810,000.00 8,998,709.40 8,931,176.33 5.50 957 391 1.488 1.508
Investments 162,193,250.95 162,894,870.35 162,472,571.53 100.00% 1,299 1,068 0.963 0.976
Cash and Accrued Interest
Accrued Interest at Purchase 6,354.17 6,354.17
Subtotal 6,354.17 6,354.17
Total Cash and Investments 162,193,250.95 162,901,224.52 162,478,925.70 1,299 1,068 0.963 0.976
tV
00
' Total Earnings November 30 Month Ending Fiscal Year To Date Fiscal Year Ending
Current Year 121,879.53 248,498.82
Current Budget 112,000.00 224,000.00 1,344,000.00
Last Year Actual 156,250.00 312,500.00 1,875,000.00
Average Daily Balance 161,479,959.57 162,444,885.89
Effective Rate of Return 0.920/a 0.92%
certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 5,2012. 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.
Alisa Cutchen,CITY TREASURER
Reporting period 1110112012-1113012012 Portfolio CITY
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City of 1-113
Portfolio Management Page 1
-Portfolio Details - Investments
November 30, 2012
Average Purchase Stated YTM Days to Maturity
CUSIP Investrnent# Issuer Balance Date Par Value Market Value Book Value Rate S&P 366 Maturity Date
Certificates of Deposit
06426GAA5 3946 Bank of the West 10/02/2012 250,000.00 250,000.00 250,000.00 0.600 0.608 236 07/25/2013
Subtotal and Average 250,000.00 250,000.00 260,000.00 260,000.00 0.608 236
Federal Agency Issues-Coupon
14912LSD9 3936 Caterpillar Financial Corp. 08/03/2012 3,000,000.00 3,029,130.00 3,043,008.54 1.100 AA 0.520 909 05/29/2015
3133EAHZ4 3926 Federal Farm Credit Bank 03/20/2012 3,000,000.00 3,012,450.00 3,000,000.00 1.300 AA 1.300 1,570 03/20/2017
3133EAUE6 3932 Federal Farm Credit Bank 06/14/2012 5,000,000.00 5,014,700.00 5,000,000.00 0.875 AA 0.875 1,291 06/14/2016
3133EAUE6 3933 Federal Farm Credit Bank 06/14/2012 5,000,000.00 5,014,700.00 5,000,000.00 0.875 AA 0.875 1,291 06/14/2016
3133EAJ33 3942 Federal Farm Credit Bank 08/15/2012 5,000,000.00 5,014,100.00 4,997,684.03 0.730 AA 0.743 1,353 08/15/2016
3133EAP77 3944 Federal Farm Credit Bank 08/27/2012 5,000,000.00 5,009,250.00 5,000,000.00 0.480 AA 0.480 999 08/27/2015
313380SK9 3941 Federal Home Loan Bank 08/08/2012 5,000,000.00 5,000,150.00 4,999,322.68 0.720 AA 0.724 1,346 08/08/2016
3134G3BL3 3910 Federal Home Loan Mort Corp 12/05/2011 5,000,000.00 5,000,150.00 5,000,000.00 1.000 AA 1.000 734 12/05/2014
3134G3CVO 3911 Federal Home Loan Mort Corp 12/19/2011 5,000,000.00 5,001,100.00 5,000,000.00 1.000 AA 1.000 748 12/19/2014
3134G3DY3 3912 Federal Home Loan Mort Corp 12/19/2011 5,000,000.00 6,010,400.00 5,000,000.00 0.875 AA 0.875 748 12/19/2014
3134G3FGO 3913 Federal Home Loan Mort Corp 12/27/2011 3,000,000.00 3,000,750.00 3,000,000.00 0.650 AA 0.650 573 06/27/2014
tJ 3134G3HV5 3919 Federal Home Loan Mort Corp 01/26/2012 5,000,000.00 5,008,600.00 5,000,000.00 1.125 AA 1.490 1,516 01/25/2017
D 3134G3FC9 3920 Federal Home Loan Mort Corp 01/09/2012 6,000,000.00 5,031,450.00 5,000,000.00 1.000 AA 1.000 1,033 09/30/2015
3134G3GN4 3921 Federal Home Loan Mort Corp 01/18/2012 7,000,000.00 7,011,650.00 7,000,000.00 1.500 AA 1.500 1,509 01/18/2017
3134G3KC3 3922 Federal Home Loan Mort Corp 01/27/2012 6,000,000.00 5,037,700.00 5,000,000.00 1.000 AA 1.000 1,152 01/27/2016
3134G3LU2 3925 Federal Home Loan Mort Corp 02/14/2012 5,000,000.00 5,050,260.00 5,000,000.00 1.050 AA 1.316 1,636 02/14/2017
3134G31390 3940 Federal Home Loan Mort Corp 08/15/2012 5,000,000.00 5,026,800.00 6,000,000.00 0.876 AA 0.875 1,718 08/15/2017
31398A31-4 3854 Fed,Nat'l Mort.Assoc. 09/17/2010 3,000,000.00 3,019,710.00 3,000,000.00 1.125 AA 1.125 290 09/17/2013
3136FTVF3 3916 Fed,Nat'l Mort.Assoc. 12/28/2011 5,000,000.00 6,003,200.00 5,000,000.00 1.000 AA 1.709 1,488 12/28/2016
3136FTXD6 3917 Fed.Nat'l Mort.Assoc. 12/28/2011 6,000,000.00 5,002,560.00 6,000,000.00 1.100 AA 1.100 1,122 12/28/2015
3136FTA58 3923 Fed,Nat'l Mort Assoc. 01/30/2012 5,000,000.00 5,010,100.00 6,000,000,00 1.300 AA 1.300 1,521 01/30/2017
3136FTK73 3924 Fed.Naft Mort.Assoc. 02/22/2012 5,000,000.00 5,015,300.00 5,000,000,00 1.376 AA 1.375 1,544 02/22/2017
3136GOJL6 3929 Fed.Nat'l Mort.Assoc. 06/07/2012 5,000,000.00 5,022,660.00 5,000,000.00 1.000 AA 1.257 1,649 06/07/2017
3136GOMK4 3931 Fed.Nat'l Mort.Assoc. 06/21/2012 5,000,000.00 5,017,560.00 5,000,000.00 1.000 AA 1.246 1,663 06/21/2017
3136GOMVO 3934 Fed.Nat'l Mort.Assoc. 06/21/2012 5,000,000.00 5,001,460.00 5,000,000.00 0.800 AA 0.800 1,206 03/21/2016
3136GONR8 3935 Fed.Naft MorL Assoc. 06/28/2012 5,000,000.00 5,009,000.00 4,994,414.06 0.500 AA 0.966 1,305 06/28/2016
3135GORK1 3945 Fed.Nat'l Mort Assoc. 11/07/2012 5,000,000.00 5,010,360.00 5,000,000.00 0.900 AA 0.900 1,802 11/07/2017
24422ERK7 3937 John Deere Capital 08/03/2012 3,000,000.00 3,043,920.00 3,046,843.52 1.250 A-1 0.465 731 12/02/2014
931142CX9 3943 Wal-Mart Stores 08/14/2012 3,000,000.00 3,084,000.00 3,076,871.42 1.500 AA 0.606 1,058 10/25/2015
Subtotal and Average 134,160,752.92 136,000,000.00 136,612,910.00 136,168,144.25 1.029 1,257
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NPortfolio Management Page 2
tQ Portfolio Details e Investments
November 30, 2012
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 982 Laif City 18,133,250.95 18,133,250.95 18,133,250.95 0.324 0.324 1
Subtotal and Average 18,133,250.95 18,133,250.95 18,133,250.95 18,133,250.95 0.324 1
Medium Term Notes
084664AT8 3895 Berkshire Hathaway Fin 08/26/2011 1,310,000.00 1,428,869.40 1,403,630.68 4.850 AA 1.390 775 01/15/2015
149121.4Y4 3930 Caterpillar Financial Corp. 05/30/2012 2,000,000.00 2,025,600.00 2,008,599.43 1.125 A 0.911 744 12/15/2014
36962G4X9 3906 General Electric Capital Corp 09/29/2011 2,000,000.00 2,034,040.00 2,011,395.89 2.100 AA 1,570 402 01/07/2014
36962GZY3 3997 General Electric Capital Corp 09/16/2011 1,500,000.00 1,508,640.00 1,507,703.67 5.450 AA 1.200 45 01/15/2013
36186CBF9 3763 GMAC FDIC Insured 06/30/2009 2,000,000.00 2,001,560.00 1,999,846.66 2.200 AA 2.361 18 12/19/2012
Subtotal and Average 8,935,955.70 8,810,000.00 8,998,709.40 8,931,176.33 1.508 391
Total and Average 161,479,959.57 162,193,250.95 162,894,870.35 162,472,571.53 0.976 1,068
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Portfolio Management
B e Page 1
Activity v vP
November 1, 2012 through November 30, 2012
Stated Transaction Purchases Redemptions
CUSIP Investment# Issuer Rate Data or Deposits or Withdrawals Balance
Certificates of Deposit
Subtotal 250,000.00
Federal Agency Issues-Coupon
3135GORK1 3945 Fed.Nat9 Mort Assoc. 0.900 11/07/2012 5,000,000.00 0.00
Subtotal 6,000,000.00 0.00 135,158,144.25
Local Agency Investment Funds (Monthly Summary)
Subtotal 18,133,260.95
Medium Term Notes
Subtotal 8,931,176.33
Total 5,000,000.00 0.00 162,472,571.63
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City of HB
[v Portfolio Management Page 1
-P Activity Summary
November 2011 through November 2012
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 Tenn Days to Maturity
November 2011 34 148,389,001.57 1.265 1.283 0.401 0 2 1,075 156
December 2011 37 147,666,119.75 1.154 1.170 0.382 8 5 1,067 888
January 2012 40 161,736,755.70 1.143 1.159 0.385 5 2 1,138 963
February 2012 42 174,741,686.41 1.197 1.214 0.389 2 0 1,242 1,043
March 2012 38 174,394,254.80 1.158 1.174 0.383 1 5 1,186 993
April 2012 40 173,406,734.12 1.174 1.191 0.367 2 0 1,221 1,015
May 2012 40 181,650,062.55 1.168 1.184 0.363 1 1 1,218 994
June 2012 37 188,798,856.18 1.078 1.093 0.358 6 9 1,264 1,106
July 2012 33 178,453,606.72 1.011 1.025 0.363 0 4 1,133 964
August 2012 39 178,919,282.36 1.034 1.049 0.377 7 1 1,320 1,129
September 2012 37 169,501,918.57 1.000 1.014 0.348 0 2 1,299 1,099
October 2012 35 163,378,685.54 0.968 0.981 0.348 1 2 1,283 1,071
November 2012 36 161,479,959.57 0.963 0.976 0.324 1 0 1,299 1,068
W Average 38 169,411,527.26 1.101% 1.116% 0.368 3 3 1,211 961
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Portfolio CITY
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Report Ver.7.3.3b
City of HB
Portfolio Management Page 1
Distribution of Investments By Type
November 2011 through November 2012
November December January February March April May June July August September October November Average
Security Type 2011 2011 2012 2012 2012 2012 2012 2012 2012 2012 2012 2012 2012 by Period
Repurchase Agreements
Certificates of Deposit 0.2 0.2
Commercial Paper-Interest Bearing
Federal Agency Issues-Coupon 61.1 65.8 69.1 74.8 70.9 72.5 72.1 76.1 67.2 82.2 82.3 82.7 83.2 73.8%
Local Agency Investment Funds 21.6 19.0 17.2 11.5 17.5 16.5 16.4 16.7 25.5 10.4 11.0 11.5 11.2 15.8%
Treasury Securities-Coupon
Medium Term Notes 17.3 15.2 13.7 13.7 11.6 11.0 11.5 7.2 7.3 7.4 6.7 5.7 5.5 10.3%
Negotiable CD's
Certificates of Deposit-Bank
Mortgage Backed Securities
Bankers Acceptances-Amortizing
Commercial Paper Disc.-Amortizing
Federal Agency Disc.-Amortizing
tp Treasury Discounts-Amortizing
w Miscellaneous Discounts-Amortizing
Money Market Acct
Rolling Repurchase Agreements
� Portfolio CITY
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City of 1-113
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Interest Earnings Summary
November 30, 2012
November 30 Month Ending Fiscal Year To Date
CD/Coupon/Discount Investments:
Interest Collected 10,633.33 68,258.33
Plus Accrued Interest at End of Period 555,922.25 555,922.25
Less Accrued Interest at Beginning of Period ( 434,219.38) ( 355,348.37)
Less Accrued Interest at Purchase During Period ( 0.00) { 0.00)
Interest Earned during Period 132,336.20 268,832.21
Adjusted by Premiums and Discounts -15,285.58 -30,518.41
Adjusted by Capital Gains or Losses 0.00 0.00
Earnings during Periods 117,050.62 238,313.80
Pass Through Securities:
Interest Collected 0.00 0.00
x Plus Accrued Interest at End of Period 0.00 0.00
Cd Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00)
W Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
-P
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 0.00 25,376.38
Plus Accrued Interest at End of Period 12,366.31 12,366.31
Less Accrued Interest at Beginning of Period ( 7,537.40) { 27,557.67)
Interest Earned during Period 4,828.91 10,185.02
Total Interest Earned during Period 137,165.11 279,017.23
Total Adjustments from Premiums and Discounts -15,285.68 -30,618.41
Total Capital Gains or Losses 0.00 0.00
Total Earnings during Period 121,879.63 248,498.82
Portfolio CITY
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Run Date:01/03/2013.1252
PM(PRF PM6)7.3.0
Report Ver.7.3.3b
Statement of Cash Receipts and Disbursements and
Summary of Cash by Fund
Finance Department
November 2012
Cash Receipts and Disbursements October 2012 November 2012
Receipts
Property Tax Receipts $184,961 $6,608,718
Utility Tax Receipts (UUT) 1,731,668 1,795,936
Sales Tax Receipts 1,672,800 2,230,400
1/2 Cent Safety Sales Tax Receipts 150,975 154,084
Highway Users Tax Receipts (HUT) 651,299 777,337
Transient Occupancy Tax Receipts (TOT) 604,474 620,330
Government Funds 383,536 95,315
Capital Funds 6,632,834 55,454
Debt Service Funds 1,000 -
Enterprise Funds 4,952,741 6,426,966
Fiduciary Funds 1,397,036 800,128
Special Revenue Funds 1,488,464 2,602,344
All Other Receipts 11,741,826 2,947,097
Total Receipts $31,593,614 $25,114,109
Disbursements
Total Disbursements (32,606,191) (17,289,322)
Net Change in Cash Flow ($1,012,577) $7,824,788
Summary of Cash by Fund October 2012 November 2012
General Fund 56,356,016 57,042,044
Government Funds 1,366,096 1,418,936
Capital Funds 6,062,427 6,092,911
Debt Service Funds 13,673 13,072
Enterprise Funds 86,976,715 89,923,547
Fiduciary Funds 8,521,860 8,707,009
Special Revenue Funds 16,807,167 18,487,924
General Ledger Cash Balances 176,103,953 181,685,443
*Total cash will differ from investment portfolio total due to outstanding checks and/or other
timing differences.
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.
Statement of Cash Receipts&Disbursements Nov 2012 12/25/2012
xB -35- Item 1. - 27
(Revised)
State of California
Pooled Money Investment Account
Market Valuation
11/30/2012
United States Treasury:
Bills $ 19,064,887,971.01 $ 19,081,526,450.00 NA
Notes $ 14,730,317,913.46 $ 14,775,840,000.00 $ 15,929,480.50
Federal Agency:
SBA $ 529,963,192.24 $ 530,474,007.02 $ 547,521.56
MBS-REMICs $ 267,592,685.24 $ 290,131,353.23 $ 1,279,244.63
Debentures $ 600,426,660.88 $ 601,140,000.00 $ 1,569,168.00
Debentures FR $ - $ - $ -
Discount Notes $ 3,194,940,722.24 $ 3,197,596,000.00 NA
GNMA $ 6,301.63 $ 6,345.87 $ 62.82
IBRD Debenture $ 399,951,803.28 $ 400,916,000.00 $ 916,668.00
IBRD Deb FR $ - $ - $ -
CDs and YCDs FR $ 400,000,000.00 $ 400,000,000.00 $ 108,834.72
Bank Notes $ - $ - $ -
CDs and YCDs $ 3,250,000,499.96 $ 3,248,703,721.64 $ 1,957,513.90
Commercial Paper $ 1,499,881,847.24 $ 1,499,897,444.45 NA
Corporate:
Bonds FR $ - $ - $ -
Bonds $ - $ - $ -
Repurchase Agreements $ - $ - $ -
Reverse Repurchase $ - $ - $ -
Time Deposits $ 4,361,640,000.00 $ 4,361,640,000.00 NA
AB 55&GF Loans $ 11,701,841,040.72 $ 11,701,841,040.72 NA
TOTAL $ 60,001,450,637.90 $ 60,089,712,362.93 $ 22,308,494.13
Fair Value Including Accrued Interest $ 60,112,020,857.06
Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and
Reverse Repurchase agreements are carried at portfolio book value(carrying cost).
Item 1. - 28 HB -36-
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INVInAiSTMENT
REPORT
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As of December 31, 2012
Alisa
9A s
Cutchen
r City Treasurer
CD
City of Huntington Beach
N
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PORTFOLI® SUMMARY
� As OF DECEMBER
y
$ in Millions: H
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% of
Investment Type Market Value Book Value Portfolio Yield f
w
C.D.s 0.250 0.250 0.2% 0.61%
Federal Agency Issues 127.4 127.1 81% 1.2%
LAIF 18.1 18.1 12% 0.4% a
Corporate Notes/Bonds 10.7 10.7 7% 1.6%
Totals $156.5 $156.2 100% 0.92%
1
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INVESTMENTS By TYPE
AS OF DECEMBER 31 0120
-8% 0.2%
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\� Federal Agencies
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LAW
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81.4%
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CA STATE GOVERNMENT CODE
INVESTMENTS
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ALLOWABLE
o CDs
o Commercial Paper — Unsecured obligation
a o Municipal Bonds
AN
o U. S. Treasury Bills, Bonds and Notes z
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ALLOWABLE INVESTMENTS (CONT.)
o Federal Agencies — eg: Fannie Mae, Freddie Mac
z
y Corporate Notes
o Money Market Funds
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EXCERPTS FROM EXISTIl\TG PORTF®LI® .
Yield Maturity
Type Issuer Par Value S&P o
/o) Date
CD Bank of the West $ 250,000 N/A 0.6 07/25/2013
Agency Federal Farm Credit Bank
g y $ 5,0001000 AA 0.5 08/27/2015
Agency Federal Home Loan Bank
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g y $ 5,0001000 AA 0.7 08/08/2016
Agency Fed. Nat'l Mort. Assoc. $ 31000,000 AA 1.1 09/17/2013
Corporate Wal-Mart Stores $ 300,000 AA 0.6 10/25/2015
Corporate General Electric Capital Corp $ 2,0001000 AA 1.6 01/07/2014
Corporate Caterpillar Financial Corp. $ 3001000 AA 0.5 05/29/2015
LAIF Local Agency Investment Fund $ 18,133,251 N/A 0.3 N/A
4
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PORTFOLIO EARNINGS ..AND PERFORMANCE ;
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Monthly earnings for Dec. , 2012: 11 9513
o Monthly effective rate of return: .8 8%
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Fiscal YTD earnings at 12/31/12: $3689012
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Fiscal YTD effective rate of return: 0.90%
o Versus benchmark: 0. 30 % N,
o Versus Calipers (FYE 6112) 0. 154
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PORTFOLIO EARNINGS AND PERFORMANCE :
® Benchmark:
�s
® Average of monthly LAIF rate and 2-year
x constant maturity treasury (rolling12 mos.)
LAIF Hate Dec.9 2012: 0.33%
2-year Treasury at 12/31/12: 0.25%
o Per Investment Policy Statement .
2-YEAR U. S . TREASURY - PAST 5 YEARS � f
HIGH: 6/13/08 3. 05% l <<
Low: 9/19/11 0* 16%
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CONCLUSION
o Portfolio continues to meet objectives of:
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0 Maintain Operating Liquidity
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IN COMPLIANCE / NO LOSSES iH
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