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2015 City Treasurer - Investment Summary Report
Dept ID CT 15-007 Page 1 of 1 Meeting Date 11/2/2015 ,9wgo✓� -o , 's *V&VjbL=b ay aSrrPP� t 63AV,WtAwCo"7oJ 4 CITY OF HUNTINGTON BEACH s„ REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 11/2/2015 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 2015 Quarterly Investment Summary Report Statement of Issue Receive and File the City Treasurer's Quarterly Investment Report for September 2015, 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 2015, 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 Strengthen economic and financial sustainability Attachment(s) 1 Treasurer's Quarterly Investment Report for September 2015 2 Treasurer's PowerPoint Presentation for September 2015 HB -11- Item I. - I 7 t'C""ity of Huntington Beach Treasurer's In Quarter Ending: September 30, 2015 Prepared by. lies Cutchen, CCMT, CPFIM - City Treasurer 1 � Page Item 1. - 2 xB -1?- Economic and Market Overview: The Federal Reserve decided to hold its key interest rates at near zero percent at its September meeting. The concerns of low inflation, heightened volatility in the stock markets in August, along with slower growth in other global economies (especially China) likely played a role in their decision. Although they did not raise interest rates in September, the majority of the Federal Open Market Committee (FMOC) members believe there will be a hike in interest rates by the end of the year. The committee has two remaining meetings set for October and December of this year. The job market continued to improve with the unemployment rate at a seven-year low of 5.1%. According to the Federal Reserve, the projected unemployment rate is expected to decrease to 5.0% by the end of the year. Retail sales in September rose a smaller-than-expected 0.1% following a downwardly revised August number that indicated no change in the month. This was due partially to lower gasoline prices resulting in lower gasoline station receipts. However,.,it is anticipated that the strength in consumer spending during the earlier part of the third quarter will result in close to a 3.6 A annualized increase, as was recorded during the second quarter of 2015. Second quarter U.S. gross domestic product (GDP) was revised higher by 0 2 points to 3.9'% because of stronger consumer spending. The bond and equity markets experienced continued volatility, especially throughout September with the Federal Reserve announcement. As compared to the end of 2014, at the end of the third quarter of 2015, the S&P was down by 6.7% and the DOW was down by 8.6%. The 10- year Treasury yield was down from 2.17% at the end of 2014 to 2.04% at the end of third quarter 2015. The Fed Funds rate remained unchanged. Market Summary: Fed Funds Rate 10-year Treasury S&P 500 DOW Qtr End 9/30115 0.00--0.25% 2 04% 1,920.0 16,284.7 2014 Year End _0.00--0.25% 2.17% 2,058.9 17,823.0 Data Source:FactSet Going forward. Internationally, it is anticipated that the strong U.S. dollar will drive the United States towards increasing imports and discouraging exports as the strength of the U.S. economy improves relative to the economies of other nations. As China and other nations' economies slow and their currency weakens in relation to the dollar, they will likely seek out less U.S. goods and services as these become more costly for them to acquire. Because of this, U.S. growth is expected to increase moderately in the fourth quarter and into 2016. 2 1 P a g e HB -13_ Item 1. - 3 Portfolio Overview: As of September 30, 2015: %Of YTM Investment Type Market Value Book Value Portfolio 365-dav Policy Limit Federal Agency Issues 124,221,360 124,072,399 61% 1.40% None Local Agency Investment Fund(LAIF) 37,337,493 37,337,493 191YO 0.34% $50 million Corporate Bonds 40,728,085 40,715,757 20% 1,30% 20% Total Portfolio 202,286,938 202,125,639 100% 1.18% As of September 30, 2015 the market value of the City's investment portfolio was $202.3 million, with a book value of $202.1 million 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. Portfolio Composition: Investments by Type as Of September 30, 2015: Corporate Bonds Federal 20% Agencies 61% Local Agency Investment Funds 19% Currently, City funds are invested in federal agency securities, corporate bonds and the State of California's pooled account, the Local Agency Investment Fund (LAIF). The four federal government sponsored entities (agencies) whose bonds the City purchases are: Federal Home 3 1 P a g e Item 1. - 4 HB -14- 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 bonds (or notes) are obligations of corporations. All corporate notes are "A" rated or its equivalent or better, per the City's investment policy and state of California regulations. 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 hftp-//www.treasurer.ca.-gov/pmia-laif for more information as well as the "State of California Pooled Money Investment Account Market Valuation"for month end included in this report). LAW has been utilized for the liquidity portion of the City's 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, Portfolio Earnings and Performance: Month Ending: Fiscal YTD: Total Earnings Sept 30, 2015 201412015 Current Year $ 173,035 $ 1,982,146 Current Budget $ 100,000 $ 1,200,000 Last Year Actual $ 139,169 $ 1,479,308 Effective Rate of Return 1.09% 1.01% Benchmark* 0.47% *Benchmark The average of the monthly LAF rate and the 12-month rolling average 2-year Constant Maturity Treasury(CMT)rate,per lnvestrmnt Policy Statement Monthly investment earnings for September, 2015 were $173,035, with fiscal year earnings totaling $1,982,146. This compares favorably to the previous fiscal year earnings of $1,479,308. The increased earnings are attributable to a combination of a higher average balance and a slight increase in interest rates. The monthly effective rate of return at September 30, 2015 was 1.09%, with a fiscal year-to-date effective rate of return of 1.01%. This also compares favorably to the previous fiscal year's effective rate of return of .90% and to the benchmark of .47%. Interest rates were very volatile over the quarter; however, they appear to be on a slight upward trajectory over the past year as evidenced by the higher September effective rate of return versus that for the fiscal year. Portfolio Activity: (For details of portfolio activity, please see the Sympro reports attached entitled*Activity by Type") Monthly Activity: The month of September 2015 saw volatility in both the stock and bond markets. As interest rates decrease, bond issuers may "call" their bonds back and return investor funds, then re-issue their debt at a lower interest rate. This was the case during the month ending September 30, 2015 as $39 million in federal agencies were called. These funds 4 1 P a g e HB -15- Item 1. - 5 were partially re-invested in federal agencies ($26 million) with the remainder deposited to LAIF. No purchases or maturities of corporate bonds occurred during the month. $15 million in funds were deposited into LAIF to maintain liquidity for the next few months. Quarterly Activity: For the quarter ending September 30, 2015, a total of$44 million in federal agencies were called with $35 million in federal agency securities purchased. $2 million in corporate bonds were purchased for the quarter with no corporate bonds maturing. $15 million was deposited to LAW for the quarter plus $20,413 in quarterly LAIF interest was received. A total of $24 million was transferred from LAIF to the City's operating bank account over the quarter to be utilized for City operations, projects and other payments. Compliance: The portfolio is in conformity with all relevant State regulations and the City's Investment Policy statement. 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 xB -1 6- Additional Information: Retirement Plan Information as of June 30, 2015: (Due to the date of statement receipt, information is from previous quarter:) City of Huntington Beech-Pensionfrrust Plans-Market Value Summar Deferred Compensation Plan Summary Information as of June 30,2015 Beginning Contributions DistdWboonsl Earnings Other Fees/ Self Directed Ending Balance Transfers (change in Adustments Option Balance (4-1-16) value) Balance (6-n4S) Gairdl,,ossl (Nationwide Reporting is 0-rterly interest Only) lCMARetirement Corporation(457Plan) $42,735,194 $509,146 ($824,229) ($25,687) ($3,594) $42,390,830 Nationwide Rotirernent Solutions(457 Plan) $74,213,056 $1,187,250 ($1,094,220) $317,666 ($1, $1,024,255 $75646,3 Total Deferred Compensation Plan Balances $116,948,250 $1,696,396 ($1918,449) $291,868 (55,094) $114,037,226 City of Huntington Beach Retiree Medical Trust Summary information as of June 30,2015 Beginning Contributions Distributions/ Eare #s Other Feesl Ending Balance Transfers (change in Adjustments Balance Reporting is Quarterly (4-1-16) value) (630•is) CalPERS Retiree Medical Trust Account W,757,279 $1,169,00Q ($340,474) ($3,973) $191691,832 City of Huntington Beach Supplemental Pension Trust Sunrnaryinformation(monfhlyreporting,not quarterly) as of June$0 2016 Beginning Employer Werest& Realized Change in Other Trust Ending Balance ContnWtions Dividends Gain ILoss Unrealized Feed Balance Plus Net Gains/Losses Adjustments (6-30.15) (Fri-15) Accrued Reporting hrillonthly Income Supplemental Pension Trust Account S45,532 404 $85,944 ($817,453) ($6,05t)) $44,794,845- The City of Huntington Beach maintains the Supplemental Employee Pension Plan Trust account, which is a closed single-employer defined benefit plan directed by the City's Supplemental Retirement Board. The Plan's investment policy prescribes a prudent investment philosophy and sets out the investment management procedures and guidelines to assist the Board, and any individuals or organizations appointed by the Beard, in managing the assets of the Plan. As of September 30, 2015, the Plan had a market value of approximately $42 million. The asset allocation remained in line with the targets as stated in the investment policy. 6 1 P a g e HB -17- Item 1. - 7 Huntington Beach Bond Reserve Accounts - Balances as of September 30, 2016: 8urrrrary of Huntington Beach Bond Issue-• Reserve Accounts Reserve Account investments As of Sept 30,2015 Value as of Federal Money Market Bond Issue: Sept 30 2015 LAW errs Issues Funds H,B NWic Financing Auttrontytem Refundn Bonds 2010 Senes A $ 1,242,621 S 1,242 621 H8 PuWic Financing k1froily(Capital lmprowmentRefinancra#lSewCenter)Bonds 2011 SenesA $ 3,711,078 $ 3,711,078 Redew1opmenI Age myofliB-IMTaxAlkcabon Refunding Bonds(113of19921 $ 757,768 $ 757,768 Redxekspmentk0myofHB-2002TaxoNloco4on Refund mg Bonds(213of1992) $ 1,667.568 $ 644,062 $ 1,010,360 $ 13,156 tlB,CommunrtyFaciWaslAsinclNo t9Wt2001Specufl Tax Bonds(Goidenwest-Egrs) $ 172,032 S 172,232 $ 400 HB CommuntlyFacl%estksloctNo -12013 Special Tax Bonds(Grand Coast HyaiQ $ 1,091,794 $ 1,091,794 H B Communit Facdits Dxstrx:tho 2002-12002 Special Tax Bonds(McDonnell Centre Bus+ness Park) $ 453,238 $ 453,238 H8 CommunrlirFacihtesD%b)ctfdo 2003-12013 Special Tax Bonds(Hu""Center-Bela Terra) $ 1 A80,635 $ 1,680635 TOTALS: $ 10,777,334 $ 6,738,369 S 1,010,360 $ 4,028,606 - 7 1 P a g e Item 1. - 8 HB -18- �U9TING - Yrusn w City 0#Huntington BeachCity of HB 2000 Main St Portfolio Management Huntington'Beach, ��F •° ,�� Portfolio Summary � ram ca` ,duly 31, 2015 Par Market book %of Days to YTM YTM Investments Value Value Value Portfolio Tema Maturity 360 Equiv. 366 Equty, Federal Agency Issues-Coupon 142.900,000 00 142,004,580 00 142,055,554,72 6483 1,576 1,157 1 319 1 337 Local Agency investment Funds 36.337,493 25 36,337AS3 25 36,337,493 25 1658 1 1 0 316 0 320 Corporate Bonds 40,500,000 00 40,680,950 0E 40,737,573 56 16 59 1,245 851 1 276 1 294 218,837,493.25 219,093,023.25 219,130,621Z5 100.DD'/. 1,263 906 1.144 1.160 Investments Cash and Accrued Interest Aomied Interest at Purchase 12 667,71 12 667 71 Subtotal 12,667 71 12,667 71 x Total easel and Investments 218,937,493.25 219,105,690.96 219,143,299.26 1,263 908 1.144 1.150 bCl Total Earnings July 31 Month Ending. Fiscal Year To pate Fiscal Year Ending Current Year 18D,214 27 1,624,06218 Current Budget 1 DD,000 00 1,DDO'WD 00 1,200,000 00 Last Year Actual 137.916 00 1,207,215 00 1,479.3D8 00 Average Daily Balance 220,974,892A8 190,186,119.86 Effective Rate of Return 0.96°A. 0.990/6 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 wrath the City Council on February 3,2014,updated November 3.2014. 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 Market V s ed by non ank via Interactive data Corporsbon _ Alrsa bkcheri,CITY TREASURER Reporting period 071011201547131/2015 Portfolio CITY ftun[late 10d13I2E13 13 53 PM 1ftr2m1)730 iron Vm 7 3,3b 1 �4D r� r+ (4 •t City of HB Portfolio Management ftga 1 Portfolio Details-Investments July 31, 2015 Average Purchase stated YTM Days to Matu►Ftx CUSIP Irtvestn ent# Issuer Balance Datt Par Value Market Value Book Value Rate S&P 365 Maturity Date Federal Agency Issues-Coupon 3133EEA42 4058 Federal Farm Credit Bank 04/23/2016 5,000,000 00 4,988,20D 00 5,000,000 00 1 090 AA 1 090 996 D4!23/2018 3133EETEO 4060 Federal Farm Crardd Bank W17M I S S,000,ODo 00 5,021.700 00 5.033,722 92 1 125 AA 0 863 9S4 03/12/2016 313381 M44 3953 Federal Home Loan Bank 12r28/2012 5,000 000 00 5,001,95D 00 6,000,000 00 0 650 AA 0 650 515 12128/2016 3130A3PA6 4020 Federal Home Loan Bank 12130/2014 5,000,000 00 6,D15,800 00 5,000,000 00 1 550 AA 1992 1.812 12130MIS 3130AWFO 4021 Federal Homa Loan Bank 1211 W2014 5,000,000 00 5,005,50D 00 4,987,809 72 1 SDO AA 2112 1,900 12/18/2019 313WTA2 4039 Federal Horne Loam Bank 1313012014 5,000,000 00 5.021,200 00 4,998,990 26 1 000 AA 1 010 745 OSM ra/2017 313OA3YL2 4040 Federal Home Loan Bank 0212012D15 5,000,000.00 5,001,300 00 5,000,00D.D0 1 000 AA 2 356 1,664 0212D/202D 31337BA43 4048 Federal Home Loan Bank 0212DY2015 S,000,000 00 5,037,400 00 6,035.121 fib 1 375 AA 1 100 951 03109M1a 313OA4VE9 4055 Federal Home Loan Bank 04/2712015 5,000,000 00 4.992.050.00 5,000.00D.00 1 OSO AA 1 050 1,000 04/2V201 e 313WFYO 4070 Fadmi Home Loan Bards O613D/2Dl5 5,000,000 00 6,000,500 00 5,00D,000 OD 2 0$0 AA 2.060 1,795 EI6 W4020 3130ASMD8 4074 Federal Home Lean Sank 0612412016 5 000.000,00 5,004,760,00 5,000,000 00 1 000 AA 1 743 1,423 08/24/2019 3134G3800 3940 Federal Horne Loan Mort Corp OB ISM12 6.000,000 00 5,002.150 00 S,ODD,000 00 0 875 AA 0 875 745 OWI&2017 313403384 3952 Federal Home Loam Mort Corp 01111W3 S.ODO,000 00 4,993,160 00 5,000.000 00 1 000 AA 1 000 894 OIA V2016 313400T8 4011 Federal Home Loan Mort Corp 06/12/2014 5.000,000 00 5,002,650,DD 5,000,000.00 0 700 AA 0 700 499 12112/2016 3134GOAU7 4041 Federal Home Loan Mad Carp 02/20/2015 5,ODD.000 00 4,986 00 00 5,000,000 00 1.400 AA 1 400 1,115 OWO/2018 3134G6NO2 4054 Fed"Home Loan Mort Corp 04117/2015 5,000,000 00 4,997,550 DD 5,000.000 00 1 250 AA 2131 1,721 D4117/2020 ' 3134GSVPS 4069 Federal Home Loan Mort Corp 04127M15 5.000.000 00 4,985,250 00 4.09.771 76 1 050 AA 1 052 1.DOD 0 4/27120 1 8 3134G63L5 4075 Fa(1er81 Home Loan Mart Corp 07/01/2015 4.000,000 00 4,006,960 00 4,ODO.000 00 1 SOO AA 2 109 1,707 06/22M20 313407DP3 4076 Federal Horne Loan Mort Corp 07120/2016 5,000,000 00 S,012,800 00 5.000,000 OD 2060 AA 2050 1,816 07/20/2020 3135GORK1 3W Fed Nall Mort Assoc 11/0712012 5.000,00D 00 4.980.300 DO 5,000 000 00 0 900 AA 0 900 829 11/07/2017 313OG07K1 3SV Fed NaR Mart Assoc. 12107120112 5,000,000 OD 51001,900 00 5.000.000 DO 0 700 AA 1002 953 12/06/2017 3136G17E3 3960 Fad W Mort Assot 1212612D12 5.000,000 00 51003,050 00 5,000 Coo 00 0 700 AA 1 042 $78 12129/2017 3136VA66 3951 Fed Man Wart Assoc l212612012 6,000.000 00 5 003,8$0 DO 4,000,000.00 0 750 AA 0725 878 12/2612017 313601AYS 3955 Fed Nall Mort Assoc 0113012013 5,000,000 00 5,004,850 00 5,000.ODO.00 0 750 AA 1 078 913 01/30, 11 a 3136G1EF0 3954 Fed Nall Mort.Assoc 03/12/2013 5,000,000 00 5.012,4%00 5,0DO.000.60 1 100 AA 1 100 954 03/12/2018 3139GINB1 3979 Fed Nall MOM Assoc 0611012013 5,000,000 00 4,993,650 00 4,990,138.40 0 800 AA 0 907 668 OB/1912017 3136G2095 4042 Fed Nail Mort Aasoe. 02/19/2015 5,000,000.00 5,001,500 00 5„000.000 00 1 000 AA 2061 1,663 02M9=0 3136G2EE3 4043 Fed.Netl Mort Assoc 02 I2015 S'DOD,ODO OD 5,003,250 00 5 000.000 DO 1 125 AA 1 125 1,671 42/27/2020 3U6G2K30 4005 Fed N.&O Mort Assoc 05127/2015 3,000,00000 3,007,470 DO 3,000 000.00 2000 AA 2000 1,761 05/27/2020 SuhtoW and Average 138.951,82174 14ZO00,000 OD 142,094,90.00 142,085,564.72 1.337 1,167 LoCSI Agency investment Funds &YS982 982 Led Cny 36,337,493.25 38,337,493 26 36,337,493 25 0 320 0 320 1 Subtotal and Averap 42,296,0113.36 36,337,493.25 35,337 A93.25 38,337A93.25 0.320 1 P0rtlolso CITY AP Run Data 1DM312016.13 S9 PM JPRF_PM2)7.3 0 Rapart Ver 7 a 3b City of HB Portfolio Management page 2 Portfolio Detallls -Investments .July 31, 2016 Average Purthase $tat d YTM Days to Maturity CUSIP investment# Issuer Balance Data Par Value Market Value Book Valua Rate S&P 366 Maturity Darts Corporate Bonds 03703AJO 3976 Applelnc 05128l2013 1,000,00000 2,96961000 2,987,92834 1000 AA 1161 1,006 05103/2018 14912LSP2 4024 Caterpillar Financial Corp. 12/110/2014 3,000,000 00 2,985,9D0 00 2,980,775 19 1 300 A 1 555 943 03/01/2018 1&8764AA8 4044 Chevron Corp 02/09/2015 3,000.000 00 21985,810 00 3,005,97-7 95 1 104 AA 1 003 857 12105a017 268648AP7 40" EMC C" 07/W2015 2 500,000 04 2,502,325 OD 2,516.9"85 1 075 AA 1 630 1,035 0610112018 36962GSM 39" Cerieral Electric Capital Carp 12f2612013 51000.000 00 6,095.150 00 S,085,598 34 2.300 AAA 1 291 635 04/27/2017 36902GSK5 4007 General Elactne Capital Corp 05112l2014 2,504,000 00 2,517,675 00 2,514,583 07 1 600 AA 1.340 842 11t20t2017 369620OW9 4036 General Electric Capital Carp 12l1902014 2,000 000 00 2,011.920 00 2,009,515 77 1 625 AA 1.442 975 OV02/2018 1912168A7 4049 Coca Cole Co OV24P1015 2,500,000 0O 2.491,050 00 2,492.974 04 1 150 AA 1 26B 974 04101/2018 56933YAC9 4046 Merck&Co Ino 02109/2015 2,000,000 00 1,995,220 00 2,001,047.41 1 100 AA 1 089 014 01/3112010 683")A48 4071 Oracle Corp 0=6I2015 3,000.000 00 3,048,000,00 3,064,49CU 2 376 AA 1 731 1,263 01/1512019 674599C89 3977 OccidentalPelrvieum 0512812013 3,000,00000 3,024,60000 3.031,17648 1750 A 1069 564 0211S12017 89233PTE0 4023 Toyota Motor Cnedd 12I0/2014 3,000,00000 2,999.2505 00 2,991,68514 1373 AA 1A91 893 0111012018 x 98236TAY1 4039 Toyota Matar Credit 01/26/2015 3,000,000 00 3,026.760 00 3,046,899 61 2 00O AA 1 50O 1.100 10124/2018 931142C.X9 3943 VvawAart Slates 0811412012 3,000.OW 00 3,007,590 00 3,006,1 B5 06 1 500 AA 0 506 8S 1012 O15 tJ Subtotal and Average 39AOI,"SW 4ti.M.004.O0 401684195o fW 40,737,573.58 1.294 851 Total and Averap 220,974,892A6 218,837,493.25 M.093A:t3.25 219,130,621.55 1.160 908 i—I r+ CD Portfolio CITY AP I—& tun tDsta 1011 Wm16-13 53 F11A cPRIP-PN123 r 3 0 t r+ •� City of WB Portfolio Management Page 3 N Por follo Details-Cash .July 31, 2015 Average Purchase Stated YTIVI Days to CUSIP Investsnsrlt 0 Issuer Balance Dot* Par Value Market Value Back Value Rate S&P 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 12,867 71 12.667 71 0 Subtotal 12 667 71 12,887 71 Total Cash and Investments 320,974a892.48 418,817,435t..2€i 219,106,690.98 219,143,299.26 1.160 908 "x .Cd N iJ Portfolio CITY AP Run DMa 10M3015.I S 53 PM(PRF Pft 7 3 0 City of HB Portfolio Management Page 1 Activity By Type July 1, 2015 through July 31, 2016 Stated Transacttloti Purchases Redemptions. CUSIP Investment 0 Issuer Rate Date or deposits or Withdrawals Balance Federal Agency issues-Coupon 3134Gtt3L5 4075 Federal Home Loan Mort Cotp 1 800 07/01/2015 4,000,000.00 0,00 3134G7DP3 4076 Federat Home Loan Mort Corp 2050 0712012015 5,000.000 00 000 Subtotal 9,000,000.00 0.00 142,8bt AM.72 Local Agency Investment Funds (Monthly Summary) 5YS982 902 Lad City 0 320 20,413 12 10,000,000 00 Subtotal 20.413.12 10,000,000.00 36,337,493.26 T Corporate Bonds 240646AP7 4077 ENIC Corp 1 875 07114/2015 2,517,150 00 coo SubbDtat 2,617,150.00 0.00 40,717,573 58 x 'Total 11,637,M.12 10,000,000.00 279,130,6x166 tJ L� t wrl rF ` Portfolio CITY �--� AP Run Qadr 1W3*015-1363 PM(PRF-PM3)730 t Repwt Vor 7 3,3b tJ.,,l r-t CD City of HB Portfolio Management Page 1 Activity Summary July 2014 through July 2016 Yield to Maturity Managed Number Number Month Nunsber of A.varage 180 1" Pool at lnrroatmenbs Of inveatrnenta Average Average End Year securwes Balance Equivalent Equivalent Rate Purchased Redeemed Term bays to Maturity July 2014 40 193,802,929 47 0.976 0 992 0 2" 0 2 1,298 946 August 2014 41 187,498,755 91 1 D28 1 042 0 260 2 1 1.327 960 September 2014 41 187,916,562 38 1 083 1.098 0 246 0 0 1,424 1,002 October 2014 37 168,752,00321 1126 1142 0.261 0 4 1,450 1,023 November 2014 35 166,568,219 77 0 968 0,981 0 261 0 2 1.264 848 December 2014 37 179,431,92D78 1052 1066 0.267 9 7 1,288 915 Jarntory 2015 36 186,653,30D 48 1 049 1,063 0.262 1 2 1,269 898 February 2015 42 193,794,027 30 1 155 1 171 0.266 8 2 1,338 1,004 March 2015 42 203,229,327 76 1 195 1.212 0,278 1 1 1.390 1,022 April 2015 48 202,037,04695 1.209 1226 0183 5 1 1,374 1,031 May 2016 45 218,277,154 90 1 162 1 179 0-290 2 3 1,297 959 June 2015 41 221,977,1 D2 78 1 059 1 V4 0 299 2 6 1,175 853 C7 July 2015 44 220,974,892 46 1,144 1.160 0 320 3 0 1,253 908 9 Average 41 194,693,003.93 1.093'% 1.108% 0.272 3 2 1,317 951 Portfolio CITY AP Rur3Cate 7fitt3t2Qi3-15.63 'PUtPRF PM4)73LO Repon'M 733k5 City of HB Portfolio Management Page 1 Interest Earnings Summary July 31, 2015 July 31 Month Ending Fiscal Year To Crate CD/Coupon/Discount Investments: Interest Collected 84,522.92 1,640,003 11 Pius Accrued interest at End of Period 502,488 47 502,488 48 Less Accrued Interest at Beginning of Period [ 405,926.70) ( 480,314 88) Less Accrued Interest at Purchase During Period 0 OD) ( 0 00) Interest Earned during Period 181,08469 1,862,266.71 Adjusted by Premiums and Discounts -12,365 67 -119,228 62 Adjusted by Capital Gains or Lasses (1,00 17,610 74 Earnings during Periods 168,719 02 1,560,548.83 Pass Through Securfties: Interest Collected 000 000 x Plus Accrued Interest at End of Period 000 0.00 Less Accrued Interest at ft9inning of Period { 0 00) ( 0,00) e.a Less Accrued Interest at Purchase During Period { 0.00) { 0 00) r V t Interest Earned during Period 000 000 Adjusted by Premiums and Discounts 000 000 Adjusted by Capital Gains or Losses 000 000 Earnings during Periods 000 000 Cash/Checking Accounts: Interest Collected 20,413.12 66,733 60 Plus Accrued Interest at End of Period 13,676,54 13,576.54 Less Accrued Interest at Beginning of Penod ( 22,594 41) ( 16,896 79) Interest Earned during Period 11.495 25 63,513.35 Total Interest Earned during Period 192,579.94 1,725,780.06 Total Adjustneftis from Premiums and Discounts -12,365.67 -119,22&62 Total Capital Gains or Losses 0.40 17,510.74 Total Earnings during Period IBD,214.27 1,624,062.18 r� r+ [D Portfolio C17Y AP O ' wr Dirkir 10MM015-1AS3 PM(PRF_PM6)7 3 R RepW\W 7 3 3b i Yr� Mate of California Pooled Money Investment Account Market Valuation 7/31/2015 W w W ,!-,parrying CosR*Jon [?ascription ' Ace ue I t+ rest i ur h. = MFair Va Acc ed Irif ri* United States Treasury Bills $ 11,877,692,901 31 $ 11,887,885,00000 NA Notes $ 20,658,739,431 28 $ 20,678,071,000 00 $ 26,659,108 00 Federal Agency. SBA $ 579,880,082 33 $ 675,674,634 83 $ 510,208.77 MBS-REMICs $ 84,776,108 32 $ 90,723,947,02 $ 403,079.32 Debentures $ 1,266,981,99823 $ 1,266,820,700.00 $ 4,750,75150 Debentures FR $ - $ - $ - Discount Notes $ 6,537,400,680 53 $ 6,541,068,500 00 NA GNMA $ - $ - $ - Su ranatfonal Debentures $ 450,178,26515 $ 450,697,000.00 $ 1,003,908 00 CDs and YCDs FR $ - $ - $ - Bank Notes $ 700,000,000 00 $ 699,930,205 91 $ 383,000.00 CDs and YCDs $ 12,800,014,748 62 $ 12,794,149,792.94 $ 5,507,208.32 Commercial Paper $ 4,421,683,583.43 $ 4,423,289,694 42 NA Corporate: Bonds FR $ - $ - $ Bonds $ - $ - $ Repurchase Agreements $ - $ - $ - Reverse Repurchase $ - $ - $ Time Deposits $ 5,485,540,000 00 $ 5,485,540,000 00 NA AB 55&GF Loans $ 441,963,027 07 $ 441,963,027.07 NA TOTAL $ 65,304,750,826 27 1 $ 65,335,803,502.19 $ 39,217,263.91 Fair Value including Accrued Interest $ 65,376,020,76610 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 -26- Statement of Gash Receipts and Disbursements and Summary of Gash by Fund Finance Department July 2015 Cash Receipts and Disbursements June 2018 July 2016 Receipts Property Tax Receipts $1,409,952 $549,572 Utility Tax Receipts (UUT) 1,482,685 1,573,571 Sales Tax Receipts 2,672,877 1,825,400 112 Cent Safety Sales Tax Receipts 212,320 163,036 Highway Users Tax Receipts (HUT) 1,001,910 508.681 Transient Occupancy Tax Receipts (TOT) 739,338 877,623 Government Funds 178,517 19,285 Capital Funds 116,130 118,620 . Debt Service Funds - - Enterprise Funds 5,269,847 6,273,615 Fiduciary Funds 5,397,413 1,736,350 Internal Service Funds 511,875 550,306 Special Revenue Funds 3,554,194 1,861,417 All Other Receipts 6,299,756 4,667,697 Total Receipts $28,745,815 $19,725,172 Disbursements Total Disbursements (25,687,250) (32,173,123) Net Change In Cash Flow $3,068,650 ( 42,447,951i Summary of Cash by Fund June 2016 July 2015 General Fund 86,268,121 78,640,891 Government Funds 1,941.956 1.007,855 Capital Funds 14,309,099 14,893,865 Debt Service Funds 9,660 - Enterprise Funds $2.251,496 79,276,807 Fiduciary Funds 18,834,820 14,767,342 Internal Service Funds 8,483,476 8,311,001 Special Revenue Funds 27,352,147 27,748,878 General Ledger Cash Balances 239,451,274 226,246,640 ' `Total cash will differ from investment portfolio total Clue 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 or Cash Receipts&Disbursements July 2015)lsx 812MO16 HB -27_ Item 1. - 17 1 cQ �r p;c t°F'a"err 'tp City of Huntington Beach • "T 2000 Mam St € U City of HB Huntington Beach,. n K � Portfolio Management 00 �r �`,tiQ Portfolio Summary August 31, 2015 Par Market Soon %Of Days to Y7M YTM Investments Value Value Value Portfolio Term INIxturlty 360 Equly. 390 Equiv. Federal Agency Issues-Caugon 137,0MOM 00 137.035,800 00 137,053,882 53 6849 1.567 1.141 1 336 1 354 Local Agency IrNewrient Funds 22,337,493 25 22,337,493 25 22,337,493.25 1116 1 1 0 325 0.330 Corporate Bonds 40,500„000 0o 40,543,255 00 40,726.66513 2035 1,245 820 1 276 1 294 199,837,493.25 199,916,W.25 200,118,040.91 100.00% 1,327 948 1.210 1.227 Investments Cash and Accrued Interest ACCrUed Interest at Purchase 12,667 71 12,667 71 Subtotal 12,66771 12,667 71 Total Cash and Investments 199,937,483.25 199,929,216.96 200,130,708.62 1,327 948 1.210 1.227 Cd Total Earnings August 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 185,048.87 1,809,111.05 Current Budget 100,000.00 1.100,000 00 1,200,000.00 Last Year Actual 132,024 00 1,340.139,00 1,479,308 00 Average DaIly Balance 207;414,24&06 197,225,140.68 Effective Rate of Return 1.0544 1 001/9 i certify that this report accurately reflects all Ctty pooled investments and Is in conformity with all State lawns and the investment policy statement filed with the City Council on February 3,2014.updated November 3,2014 A copy of this policy Is available at the once of the City Clerk.The Investment program herein shown provides suffleient cash flow hquldity to meet the next six month's obligations Market Values p Ided by Dnlon k via interactive Data Corporation _ AGsa Cutch(K CITY TREASURER Reporting period OSC0112015-0813112015 Portfolio CITY AP pR .r RunDee 10r01S-1354 iapenVer T.&3b City of H8 Portfolio Management Poo 1 Portfolio Details -Investments 31,2016 Average Purchase Stated Yl'M Days to Maturity C[751P lnvestTtents Issuer Balance Date Aar Valle Market Value Book Value Irate S&P 365 Maturrty Date Federal Agency Issues-Coupon 3133EEA42 4058 Federal Farm Credit Sank DAI23I2015 51DOD,ODO 00 4.984,760 00 5,000,000 00 1 090 AA 1 090 066 04123/2018 31339STEO 4060 'Federal Farm Cnwdit Bank 04/172015 5,000,000 00 51016.800 00 5 032.647 80 1 125 AA 0 883 923 03/1212019 313381 M44 3953 Federal Home Loan Bank 1V=2012 5,000,000 00 4,997,9SO 00 51000,000 00 0 650 AA 0 650 484 12128/2016 3130WA8 4020 Federal home Loan Bank 12130/2014 5,000,000 00 5,017'"0 00 5/000.000 00 1 550 AA 102 1,581 12130=19 313OA3KFO 4021 Federal Home Loan Bank 1211812014 5.000,000 00 5.003,460 00 4,997,651 39 1 500 AA 2,112 1,669 12118/2019 313OA37A2 4036 Federal Home Loan Bank 12/302014 5,000,000 00 5,017,050 00 4.999,031 53 1 000 AA 1010 714 05115/2017 313WYL2 4040 Federal Home Loan Hank 0=012015 5,000,000 00 6,005,150 00 5,000,000 00 1 000 AA 2 355 1,633 02=020 31337RA43 4048 Federal Home Loan Bank 02120015 6,000,000 OD 6,021,860 00 5,033,998 36 1 375 AA 1 100 920 0310912016 3130A4VE9 4055 Federal Home Loan Bank 0412712015 6,000,000 0O 4,986,550 00 5,000.000 00 1 050 AA 1 060 969 OQ2712019 3130ASM 4070 Federal Home Loan Bank 06130/2015 6.000,000 00 S,0D7ADO 00 5,000,000 00 2050 AA 2060 1,764 OeMW2020 3130ASMOS 4074 Federal Home Loan Bank 0812412D1S 5,000,00000 5,005,800 DO 5,000,00000 1 000 AA 1 743 1,392 0bP2 M019 313403384 3952 Federal Home Loan Most Corp 01/11/2013 5.000.000 00 4,989,300 DO 5,000,Ono 00 1 Do AA 1 000 $63 01/11=10 3134GMB 4011 Federal Home Loan Mart Corp DSM212014 5.DOO,0OO 00 5,00D,900 00 6,000,ODD 00 0 700 AA 0 700 468 12/12=16 3134GSAU7 4041 Federal Home Loan Mart Corp 02J2012D15 5,000,000 00 4,980,100 00 3,000,000.00 1 400 AA 1 400 1,004 O81$012018 3134GGN02 4064 Feral Home Loan Mort Corp 0411712015 5 000,000 00 5,000.650 DO 5,000 000.00 1 260 AA 2131 1,690 0411712020 N 31340SVPS 4059 Federal Flame Loan Mort Corp 0412712015 5,000,00D 00 4,979.950 00 4,999.778 70 1 050 AA 1 052 989 04127/2018 3434G63L5 4075 Federal rote Lean Mort Carp 07/0112015 4,000,000 00 4,003,290 00 4,000 000 00 1 600 AA 2109 1,756 06/2212020 3134G7DP3 4076 Federal Home Loan Mort Corp 07mW2016 5.000.000 0D 6.013,360 00 6,000.000 00 2050 AA 2060 1,784 07MW2020 3135GORK1 3945 Fed Nstl Mmt.Assoc 11/07/2012 5,000,000 DO 4.90,100 00 5,000,000 00 0 900 AA 0 SOD 798 11/0712017 3136GO7K1 3947 Fed Nall mom Assoc 12107rAl2 5 000 000 00 5,000,300 DO 5,000 000 00 0 700 AA 1002 827 12/0612017 3136G17E3 3950 Fed No Mort,Assoc, 12/26/2D12 5,000,000 00 5 001,950 00 5,000.DO0 00 0 700 AA 1 042 847 12/2512017 3136G1A66 3951 Fed NMI MorL Assoc 12126/2012 5,000,OD0 00 5,004350 00 5,000,000.00 0 750 AA 0725 847 12282017 31MlAY5 3955 Fed Nett Mort Assoc 01/30/2013 5,000,000 00 5.005,750 00 5,000,000 00 0 760 AA 1 078 802 0V302018 313WIEPO 3984 Fed Nall Mort,Assoc 03/12/2013 5.000,000 OD 4,998,550 00 5,ODD 000 00 1 100 AA 1 100 923 03/122018 313601NS1 3979 Fed Ned Mort Assoc ID611 WZ013 5,000,000 DD 4.989,7DO.00 4,990,574 75 0 800 AA 0 907 657 06/1 W201I 313SG2095 4042 Fed Nail Mat Assoc 02/191Z015 5.000,000 00 51003,900 00 5,00D,000 00 1 000 AA 2091 1.632 02119/202D 3136G2EE3 4043 Fed Natl Mwt.Assoc 02/272015 5,000,000 00 5,007,800 DO 5.000,000 00 1.125 AA 1 125 1,640 0212712020 2136WK30 4065 Fed Nall M4orL Assoc O5/272015 3,0DO,000 00 3.007,920 DO 3,000.000 00 2000 AA 2 00D 1,730 05127202D Subtotal and Average 141248,213407 137,000,000.40 137,035,400.00 V 137,053,882.S3 1.354 1,141 LocA Agency Investment Funds SYS982 902 Leff tarty 22,337,493 25 22.337,403 25 22.331,493 25 0 330 0 330 1 SubtD%l and Average 25,434aUA4 22,337,493.26 22,337,493 25 22,337,493.2S 0 330 1 F--I CD Portfolio+CITY AP I.-a "Date 1011312015-1364 PM(PRF PM2)730 Repwt Var 7 3 3h 0-4 CD •t City of HB N Portfolio Management Page 2 C Portfolio Details -Investments August 31, 2015 Average Purchase Stated YTM Days to Maturity CUSIP Investment O Issuer Butane* Data Par Value Market Value 8aak Value }'tarts S&P 365 Maturity Data Corporate Bonds 037833A.i9 3976 Apple Inc. 054MO13 3,000.000 00 2,066,970 00 2,988,293 41 1 000 AA 1 151 975 05M312018 149121.5P2 4024 Caterpillar I'manctal Corp. 1211OW14 3,00 .000 00 2,978,700 00 2,981,395 35 1,300 A 1 556 912 03MI12018 166764AAS 4044 Chevron Corp 02J0912415 3,OOD,000 00 2,981,370 00 3,006,729 92 1 104 AA 1 003 026 12J0512017 268848AP7 4077 EMCCorp 0711V2015 3,500,00000 2,491,67500 2,516,37271 1875 AA 1630 1,004 06XV2018 36962GSM 3984 General Elsotrke Capital Caro 12/2812013 5,000.000 00 6,081.400 00 S,081,484 76 2.300 AAA 1 291 604 0412712017 36962G6K5 4007 General EkcWc Cepttal Corp OW1212014 2,500.000 0O 2,496,900 00 2.514,036 06 1 600 AA 1 340 all 1112OP2017 36962GSVA 4036 General Ekaeblc Capital Corp 17J1912414 2.000,000 00 1,997,760 00 2,009,218 71 1 626 AA 1 442 944 04M212018 1912166A7 4049 Coca Cole Co OW412015 2.500 000.00 2,487.660 00 2.493,193 60 1.150 AA 1 258 943 04101=18 58933YACO 4045 kwck&Co Inc 02JO912015 2,000,000 00 1,901,420 Ott 2,001,882 43 1 100 AA 1 089 883 0113112418 68389XAC18 4071 Oracle Carp 05126=15 3,000,00000 3,046,18000 3,062.93510 2375 AA 1731 1,232 01115M19 674599CB8 3977 O7cadental Petroleum 05128/2013 3,000.000 00 3,017,940 00 3 020,480 23 1 750 A 1 059 $33 0211 SM17 89233P7EO 4023 Toyota Motor Cretin 12110/2014 3,000,000 00 2.994,COO Oa 2,991,968 92 1 375 AA 1 491 862 0111012018 x 8923STAYI 4039 Toyota Motor Credit 01/26/2015 3.00.000,00 3.006,090 00 3,045,689 82 2.000 AA 1 500 1,149 1OJ2412018 931142CK9 3943 WO-Mart Stores OSM412012 3.000.004Y 00 3,005,400 00 3,003.076 11 1 500 AA 0 606 54 10125MIS Subtotal and Average 40,731,767.54 40,600,000-00 40,543,255.00 40,726,665.13 11S4 820 w C � Total and Average 207,414,244.06 't39,837,493.?5 199,916,546.25 206,118,040«91 1.227 9A8 Portfolio CITY AP Run Omte 1011312t115-13 64 PM(FFW Pia 7.3.a City of HB Portfolio Management Pow 3 Portfolio Details -Cash August 31, 2016 Avmage Purchaser Stated YTM Days to CUSIP Investment#1 jssuer Balance Date Par Vatua Market Value Rook Value Rate S&P 366 Maturity Average Salome 0.04 Accrued Interest at Purchaser 1207 71 12,667 71 0 Sum 12,667 71 12,667 71 Total Cash and Jmv*t;r4mft 207.414M9 06 189,887,493.25 199,829 M96 200,130,708.82 1-227 948 r� F� CU PortNio CITY AP t miDat91CI1 31201 6-1 3 54 PM(PRF PM2)730 N r� l--r CD {City of WB N Portfolio Management Page I N Activity By Type August 1, 2015 through August 31, 2015 Stated Transaedon Purchases Redemptions CUSIP lnvfttment# tssuer Rate Date or Deposlta or Withdrawals Balance Federal Agency Ensues-Coupon 3134G3890 3940 Federal borne Loan Mort Corp 0 875 M7=15 000 5,000,000 00 Subtota( O,OD 6,000,000.00 137,053,88243 Local Agency Investrntettt Funds (Monthly Summary) SY8982 082 Lad City 0 33D 000 14,0O0.000 00 Subtotal 0.00 14,000,000.00 22A37,493.25 Corporate:Bonds Subtotal 40,726,663.13 Total coo 19,000,O00.00 200,148,0/0.91 Z 6 IJ Pot obo CITY AP Run CWia 10t13*015-13 54 PM(PRF_Pma)7 3 0 Report Var 7 3 3b City of HB Portfolio Management Pago 1 Activity Summary August 2014 through August 2015 Ytetd da M*turW/ Massaged Number Number Month Plumber of Average a 360 366 Pool of Investrntnts of investraente Average Average End Yaaar Seeurid" Balamo Equivalent Equivalent Rate Purchased Redeemed Tart Days to Maturity August 2014 41 187,408,755 91 1 028 1.042 0.260 2 1 1,327 950 September 2014 41 187,916,56238 1083 1.098 0.248 0 0 1,424 1,002 Mtaber 2014 37 168,752,003.21 1,12B 1142 0261 0 4 1,450 1,023 November 2D14 35 166,668,219 77 0 968 0.981 0 261 0 2 1,284 848 December 2014 37 179,431,92078 1,052 1066 0267 9 7 1,28$ 915 January 2015 36 186,653.300 48 1 049 1 063 0.262 1 2 1,265 898 February 201E 42 193,794,027.30 1,155 1171 0268 8 2 1,338 1,004 March 2016 42 203,229,327.76 1 195 1 212 0 278 1 1 1,390 1,022 April 2016 46 202,037,04fi95 1.209 1226 0283 5 1 1,374 1,031 May 2015 45 219,277,154.90 1.162 1 179 0 290 2 3 1,207 959 June 201E 41 221,977,10278 1059 1074 0299 2 6 1,178 853 July 2015 44 220,974,89246 1144 1,160 0.320 3 0 1,253 908 W August 201S 43 207,414.24806 1210 1227 0330 0 1 1,327 948 �' Average 41 495,756,536.44 1.919°h 1.12fi°/a 0.279 3 2 1,320 962 W F� r—F CD Portfolio CITY AP ,_. PM" PW)7.3.0 tun Dove W13W15»1354 Rapae Ver 7 3 3c I t� 1./J F� r+ CD •, city of HB Portfolio Management Page 1 Interest Earnings Summary August 31, 2015 August 31 Month Ending Flst:al Year To Date WICoupon/i scount Investments: interest Collected 187,708 33 1.827,801,44 Plus Accrued Interest at End of Period 502.481 09 502,481 10 Less Acr:rued interest at Begtnnmg of Period { 502,488 47) { 480,314 88) Less Accrued Interest at Purchase During Period { 0.00) ( 0 00) Interest Earned during Period 187,700.95 1,849,967.66 Adjusted by Premiums and Discounts -12,580.64 4311,809 26 Adjusted try Capital wins or Losses 2,80000 20,310 74 Earnings during periods 177.920,31 1,738.469,14 ~ Pass Through Securities: Interest Collected 0.00 000 Pius Accrued Interest at End of Period 0100 000 Less Accrued Interest at Beginning of Period ( 0 00) ( 0.00) Less Accrued Interest at Purchase touring Period { 0 00) ( 0 00) Interest Earned during Period 000 000 Adjusted by Premiums and Discounts 000 000 Adjusted by Capital Gains or Lasses 000 000 Earnings during Periods 000 0.00 Cash/Checking Accounts: Interest Collected 0.00 66,733 60 Plus Aced Interest at End of Period 20,805.10 20,80510 Less Accrued interest at Beginning of Period { 13,676.54) { 16,896.79) Interest Earned during Period 7,128.56 70,841 91 "total Intemt Earned during Period 104,929.51 1,920,609.57 Toff Adjustments from Premiums and Di$CountS -12,580 64 ,131,809.26 Total Capital Gains or Losses 2,800.00 20,310.74 Total Earnings,during Period 184,048 87 1,809,111.05 Portfolio CITY AP Rw Dara iO/13001 5-13b4 PM(PRFpw 7,3 0 Fftw Nor 7.3 3b �a��y,sv�srp State of California a o Pooled Money Investment Account Market Valuation a ti 8131/2015 __ Ca!lytCig cost Plus : " ? - M i` � Des ription Accrued°Int+ nest Purclt. )FatrVat e ON A trued Irrte�es United States Treasury- Bills $ 12,474,863,654 05 $ 12,484,842,500.00 NA Notes $ 20,755,808,843 38 $ 20,760,132,000.00 $ 18,069,567.00 Federal Agency SBA $ 607,727,052 44 $ 602,671,687 39 $ 527,701.71 MBS-REMICs $ 83,266,418 47 $ 88,878,700 91 $ 395,647.77 Debentures $ 1,316,981,998.23 $ 1,315,946,250.00 $ 5,901,16865 Debentures FR $ - $ - $ - Discount Notes $ 6,537,400,680 53 $ 6,540,193,500.00 NA GNMA $ - $ - $ - Su ranationai Debentures $ 360,180,473 77 $ 350,609,000 00 $ 1,053,473 00 CDs and YCDs FR $ - $ - $ - Bank Notes $ 700,000,000,00 $ 699,992,779 89 $ 552,638.89 CDs and YCDs $ 13,050,014,748 62 $ 13,046,603,592 21 $ 7,625,916.71 Commercial Paper $ 5,371,343,611 17 $ 5,373,436,305.57 NA Corporate Bonds FR $ - $ - $ Bonds $ - $ - $ Repurchase Agreements $ - $ - $ Reverse Repurchase $ - $ - $ Time Deposits $ 5,561,540,000 00 $ 5,561,540,000 00 NA AB 55&GF Loans $ 453,820,027 07 $ 453,820,027 07 NA TOTAL $ 67,262,947,507 73 $ 67,278,566,343 04 1 $ 34,126,113.73 Fair Value Including Accrued Interest $ 67,312,692,45677 Repurchase Agreements,Time Deposits,AB 55&General Fund loans,and Reverse Repurchase agreements are carried at portfolio book value(carrying cosh HB -35- Item 1. - 25 Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Finance Department August 2015 Cash Receipts and Disbursements July 2015 August 2015 Receipts Property Tax Receipts $549,572 $94,352 Utility"fax Receipts (UUT) 1,573,571 1,693,023 Sates Tax Receipts 1,8266,400 2,433,800 112 Cent Safety Sales Tax Receipts 163,036 198,943 Highway users Tax Receipts (HUT) 508,681 - Transtent Occupancy Tax Receipts (TOO) 877,623 1,216,433 Government Funds 19,285 55,995 Capital Funds 118,620 2.670,210 Debt Service Funds - - Enterpnse Funds 6,273,615 4.741,279 Fiduciary Funds 1,736,350 1,148,565 Internal Service Funds 550,305 517,265 Special Revenue Funds 1,861,417 1,452,588 All Other Receipts 4,667,697 6,255,896 Total Receipts $19,725,172 $22,478,347 Disbursements Iota!Disbursements {3Z,973�173 _ 39 442 91Y Net Change in Cash Flow [$12,447,951) ($16,964,565 Summary of Gash by Fund July 2015 August 2015 General Fund 78,640,891 70,289,225 Government Funds 1,607,855 1,486,538 Capital Funds 14,893,865 14,754,244 Debt Service Funds - - Enterprise Funds 79,276,807 80,064,863 Fiduciary Funds 14,767,342 13,886.228 Internal Service Funds 8,311,001 8,273,916 Special Revenue Funds 27,748,878 27,307,413 General Ledger Cash Balances 225,246,640 216,062,427 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 alcove Information includes receipts from maturing investments and payments for purchased investments to the city investment portfolio This statement is prepared in compliance with the City's Charter. Statement of Cash Rewipts&Disbursements August 2015.xisx 9/1612015 Item 1. - 26 HB -36- ,h��T llrG,�lt LLrFd"+rer�R¢ City of Huntir3gton Beach City of HB 2000 Main 5t �^ Huntington Beach, CP : Portfolio Management Portfolio Summary �aulvrl�� September 30, 2015 Par Market Book %of Days to YTM YTM Investments Value Value Value porrmlo Term Maturdy 3S4"u(V SSG Equty. FederA Agency lesubt-Coupon 124.000,000 00 124,221,380 00 124.072,389 01 6138 1,500 1,197 1 370 1 389 Local Agency Inves(ment Funds 37,337,493 25 37,337,493 25 37,337,493 25 1847 1 1 0 332 0 337 Corporate Bonds 46.500.000 00 40,728,085 00 40,715,756 64 2014 1,245 790 1 276 1 294 201,837,493.25 202,286,938.25 202,125,538.9D 100 00`!a 1,172 894 1.159 1.175 Investments Cash and Accrued Interest Accrued Interest at Purchase 24,192 71 244,192 71 Subtotal 24,192 71 24,192 71 Total Casts and Investments 201,837,493.25 202,311,130.96 202,149,831.61 1,172 994 1159 1.175 CG �3 J Total Earnings September 30 Month Ending Fiscal Year To Date Flscat Year Ending Current Year 173,04 1,982,145.89 1.982,14589 Current Budget 100,000 00 1,20D,000 00 1,200,000 00 Last Year Actual 139.169.DD 1,479,308 00 1,479,308 00 Average Daily Balance 192,954,371.29 196,874,118.53 Effective Rate of Return 1.09% 1.01% I cer*that this report accurately reflects a[I City pooled investments and Is In conformity with all State laws and the investment policy statement filed vrith the City Council on February 3,2014,updated November 3,2014 A copy of this pof�cy is available at the office of the Cray Clerk The investment program herein shown provides sufficient rash hour liquidity to meet the next six month's obhgallons_ Market V: pxovpded Ciy u 8a via Irderactive Data Corporation. _ /` '. _ ' r Alise Cut n,CITY TREASURER Reporting period 09101I2015-0W3012016 Portfolio CITY AP �—' Run Date i0r1312ot5-14,28 PM(PRF PY11)730 R6Poi�f Ver,7 M r CD City of HB Portfolio Management Page 1 Portfolio Details -Investments September 30, 2015 Average Purchase Stated YTM Days to M*Wnty CUSIP InvesUmant# Issuer Balance 00% Par Value Market Value Book Value Rate S&P 365 wturity Date Federal Agency Issues-Coupon 3133EEA42 4058 Federal Farm Credil Bank 04/2312015 5,0d0.000 till 5,D00,500 AO 5 OD0,000 00 1 000 AA 1 000 035 04/2312018 3133EETEO 4060 Federal Farm Crcdd Bank 0411712015 6,OD0,000 00 5,028,050 00 5031.57268 1125 AA 0 853 893 03/12/2018 3130AVA6 4020 Federal Home Low Bank IV30/2014 5,0DD,000 00 5,015 400 00 5 000 000 00 1 550 AA 1892 1,551 121=2019 3130A3TA2 4039 Federal Home Loan Bank 1213=014 5,0 0.000.00 5,028,260 00 4,999.072 80 1 ODD AA 1010 684 0611512D77 313WYL2 4040 Federal Home Loan Bank 02f2012015 5,000.000 00 5,006,150 00 5,000,OOD 00 1 000 AA 2 356 1.03 OV20FZM 31337RA43 4048 Federal Home Loan Bank 0212012015 5,000,000 00 6,064,200 00 5,032,875 07 1 375 AA 1 100 ON ON0912015 313OA4VE9 40" Federal Home Loan Bank 0412712015 5,000,000 00 5,DDO,950 CO 5,0DO,OOD 00 1 050 AA 1 050 939 0412712018 3130ASMOS 404 Federal Home Loan Bank 06/24/2015 6.ODD,000.00 5,014,000 00 5.000,000 00 1 000 AA 1 743 1,362 08/2412019 3134G3384 3952 Fedmal Home Loan Mort Carp 01/11=13 5,000,000 00 6,001,150 00 5,000,000 00 1,00D AA 1 000 833 OU1112018 3134G6AU7 4041 Federal Hamel Loon Mort Carp 02120=15 5,000,000 00 4 999,850 DO 5,000,000 00 1,400 AA 1400 1,054 0812(F2O18 3134G6NQ2 4054 Federal Horne Loan Mort Corp 04117/2015 5.000,000 00 5,002,250.00 S1O00 DOD 00 1 250 AA 2,131 1 660 0411712020 313406VP5 4069 Federal Home Loan Mart Carp OU2712015 5,000 000.00 4,994,550 00 4,999,765 65 1 050 AA 1 052 939 04)2T12018 y 3134G7®P3 4076 Federal Home Loan Mort Co►p 07r'2412015 5.000,000 00 5,005,100 00 5,000,000 OD 2060 AA 2050 1,754 07=12020 3137EADS5 4078 Federal Honm Roan Mort Corp COM712015 5,000,000,00 5,021,450 00 5.018,071 71 0 875 0 625 379 10/1412016 3134077A2 4079 Federal Home Loan Mort Corp 0913012015 5,000,0DO 00 5 008,60D 00 5.000,000 OD 1 OOD 1 860 1,460 09/3012019 t'? 313407JSS 4090 Federal Home Loan Dart Cap 0913012015 5.000.000 00 4,998.550 00 5,000,000 00 1 375 1 375 1,826 09/30/2020 44 " 3134G7J44 4091 Federal Homo Loan Mori Corp 09/30/2015 6,000,000 00 5,999,840 00 6,000,000 00 1800 AAA 1 800 1,828 09/30/2020 313407G70 4092 Federal Home Loan Mart Carp 09/2812015 $,00(1,000100 4,992,90000 6,000,00000 1400 14D0 1,366 0612&2019 3135GORK1 3945 Fed NaPI Mort Assoc 111 2012 5,000 0D0,00 4,097,550 00 5,000.000 00 0 900 AA 0,900 168 1110712017 3136GIAYS 39$5 Fed NMI Mort Assoc, O1d3O12D13 5,000,000 OD 6.002,600 OD 5,000,ODD.00 0 760 AA 1 078 852 01/30/2018 313GGl M 3964 Fed Nall Mort.Assoc 03/1212013 5,000.000 00 5,031.100 OD 5,000,0DO 00 1 100 AA 1 100 693 03/1212018 3inG1N81 3979 Fed Nall Mort Assoc 0611912D13 5 000.000 00 4,998,850 00 4,991,011 10 0 en AA 0 907 627 D61191201T 313602D95 4042 Fed Ned Mom Assoc OXl U2015 $00,000 00 5,005,350 00 5,000.000 OD 1 O00 AA 2081 1,602 0211912020 3136G2EE3 4043 Fed Neil Mart Assoc 02/27/2015 5 000 000 00 5,008,1$0 OD 5,000,000 DO 1 126 AA 1 12$ 1,610 02/2712020 3136G2K30 4066 Fed Nets Mort Assay 05127/2015 3,000.000 00 3,008.220 00 3,000,000 00 2000 AA 2000 1,700 05127M= Subtotal and Average 127.3954"96 124,,000,000 00 124,221,360 00 124,072,389.01 1.389 1,197� Local Agency Investment Funds SYS982 982 Larf City 37,337,493 25 37,337.493 25 37,337,493 25 0 337 0 337 1 SubWW1 and Average 24,887AI)316 37,337AS3.26 37,237,49=5 37,UT,03.25 0.33T 1 Corporates Bonds 037833AJ9 3976 Apple Inc. 0612812013 3,00D,000 OD 2,085,090-00 2,980,668 48 1 000 AA 1 151 945 05/03/2018 14912L5P2 4024 Caurpoof Finanaal Corp. 12114d2O14 1,000.000 00 2,992,060 00 2982,01560 1 300 A 1 565 882 03/01/2010 166784AA8 4044 Chevron Cork 0210912015 3,000,000 00 2,907,970 00 3.006,481 89 1 104 AA 1 0" 796 12M5407 268648AP7 4077 F-MC Corp 07114120iS 2,500,000 00 2,5D8,200 00 2,$15,876 67 1 875 AA 1 630 974 0510112D18 Portfolio CITY AP RunClear10P1WiS-1429 PM(PRF AM2)730 Report Ver 7 3 3b City of HB Portfolio Management Page 2 Portfolio Details-Investments September 30, 2015 Average Purchase suted YTM Rays t0 M#tr+rlty CUSIP investment I$ Issuer Balenee Date Par Value Market Value Book Value Rate S&P 365 Maturity Rate Corporate Bands 36962G5V4l0 3994 General Electric Capital Corp 12/26J2013 5,000,000 00 5,102,300 00 5,077,38318 2 300 AAA 1291 574 04127&017 36952G6K5 4007 General El dit Capital Corp 0&12/2014 2.500,000 00 2,532,675 00 2,513 909 05 1 600 AA 1 340 781 11/2012017 36962GBW9 4036 General Electm Cepdal Corp 12119/2014 2,000,000 00 2,010,500 00 2,009,921 65 1 625 AA 1442 914 04/02/2018 151218BA7 4049 Coca Cola Co 0212412015 21500,000 00 2,497,750 00 2,493 41319 1 150 AA 1 258 913 04/01/2018 58933YAC9 4045 Merck d Co Inc 02(09=15 2,000,000 00 1,997,600 00 2,001.81744 1 100 AA 1 089 853 01/3112018 88389XAQ8 4071 Oracle Corp M512015 3,000,000 00 3,057.840 00 3,061,379 86 2 375 AA 1731 1,202 01/15/2019 874599CB9 3977 Occidental Petroleum 05128/2013 3,000,000 00 3,026,040 00 3,027,799 97 1 750 A 1 059 503 02/1512017 89233P7E0 4023 Toyota Motor Credit 12/1012D14 3,000,000 00 2,997,810 00 2,992 252 70 1 375 AA 1 491 832 0111012018 89236TAY1 4039 Toyota Motor Credit 01/28)2015 3,000,000 00 3,031.440 00 3,044 480 03 2000 AA 1 500 1.110 10/24/2018 93114XXS 3943 W"artStores 08/1412012 3,000.000 00 3,001,920 00 3,001.75716 1,500 AA 0 606 24 1=5/2015 Subtotal and Average 4o,7'21.029.08 40,600,000.00 48,728,085.00 40,715,7M" 1.294 790 Total and Average 192,9b4,371 M 201,837,493.25 202,286,08.25 202,125,838,90 1.175 894 .Ze e w e 1� r•P CD Porlfoho CITY 3 AP "Do* 1o/13r201a•14 29 PU(PRF.PNM 73 0 1 N �D r--s CD +-r ,t City of HB Portfolio Management Page S Portfolio Details-Cash September 30, 2015 Average Purchase Stated YTU bays to CUSIP Invesdaent# lamer Balance Date Par Valve Market Value Book Value Rate S&P 3"wtwb#tty Average Balance 0.00 Accrued Interest at Purrhasa 24,102 71 24,192 71 D Subtotal 24,192 71 24,192,71 Total Cash and Investments 192,964,371.29 201,837,493.25 202,311,130.96 202,149,931,61 1.175 894 Q7 Podoho CITY AP Run oete 10).3t4015-14 22 PM jmR .-PM2)7.3 a City of HB Portfolio Management Page 7 Activity By Type September 1, 2016 through September 30, 2016 Stated Transaofto Purchases Redemptions CUSIP investment# Issuer Mate Crate or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 313381 M444 3953 Federal Home Loan Bank 0 660 09C2812015 000 5.000,000 00 313OA3KFO 4021 Federal Home Loan Bank 1 S00 09116f2016 000 4,997.875 00 3130ASFYO 4070 Federal Hama Loan Bank 2050 09/3012015 0 00 5,000 000 00 3134G55TS 4011 Fedeml Home Loan Mort Carp 0700 08/12/2015 0 00 5.000,000 00 3134G63L5 4075 Federal Horne Loan Mort Corp 1 600 09=2015 000 4,000,000.00 31376ADS5 407$ Fedoral Home Loan Mort Corp 0 875 0911712015 5,018,7$0 00 000 3134G7ZA2 4079 Federal Home Loan Mort Corp 1 000 OSM012016 5,0110 000 00 000 3t34WJ69 4090 Federal Home Loan Mort Corp 1 375 09/30/2016 5'"(1,000 00 0 DO 3134G7J44 4091 Federal Home Loan Mon Corp 1 B00 OW3012015 6,000,000 00 000 3134G7G70 4092 Federal Home Loan Man Corp 1.400 09=12015 5,000,000 00 000 3136G07K1 3947 Foal NO MorL Assoc 0 700 09106)2015 000 5,000,000,00 3138G17E3 3950 Fed NaYI Mort Assoc 0 700 09=2015 000 S,00r1.000 00 3135G1A66 3951 Fed Nat Mart.Assoc 0760 0912612016 000 5,000,000 00 Subtotal 26,018,750 00 36,997,97S.00 124,CT2,389 01 Local Agency investment Funds (Monthly Summary) SY5982 982 Lad Cdy 0 337 15,000,000 00 coo Subtotal 16,000,000:00 0.00 37,337,493.26 Corporate Bonds $ubanlal 40,716,766.64 Total 41,018,7S0.00 38,997,E7S.00 202,126.w3 90 F--I rrt CD Portfolio CITY r AP ;an Dale 1W1312016-1 4 29 PM[PRP,PAt3;7 3 0 RWn'Vor 733D H-+ a� CD 'I City of HB w Portfolio Management Page 1 Activity Summary September 2014 through September 2015 Yleld to MaturIiy Managed Number Number WWII Number of Average 360 365 Pool of Inveatments of Investmmnts Average Average End Year Securities Balance Equtvalent Equ€velent Rate Purchased Redeemed Term 09"to maturity September 21?14 41 187,916,562 38 1.08$ 1.098 0 246 0 0 1.424 1,0022 IJctober 2044 37 168,752,003.21 1.126 1.142 0261 0 4 1,450 1,023 Humber 2014 35 166,%8.219 77 0.90 0 981 0 261 0 2 1,264 848 Vacermber 2014 37 179,431,920.78 1.052 1066 0.267 9 7 1,268 915 January 2015 36 186,653,300.48 1 049 1 063 0 262 1 2 1,269 898 February 2015 42 193,794.027,30 1155 1.171 0266 8 2 1,338 1,004 Varch 2015 42 203,229,327.76 1195 1212 0278 1 1 1,390 1,022 April 2015 46 202,037,046 95 1 2D9 1.226 0 283 5 1 1.374 1,031 May 2015 45 218,277,154 90 1 162 1 170 0 290 2 3 1.297 959 June 2015 41 221,977.10278 1059 1.074 0299 2 6 1.175 $53 July 2015 44 220,974.SS2.46 1.144 1 160 0 320 3 0 1,2$3 908 x August 2015 43 207,414.248 06 1 210 1 227 0 330 0 1 1,327 948 Cd September 2016 40 192,964,371.29 1159 1.175 0.337 5 8 1.172 894 ¢' Average 41 196,193,797.81 1.121% 1.137% 0.286 3 3 1,30B 947 h.} Portfolio CITY AP Run We 10I13=15-14 20 PM(PRF,PM4)7 10 Report Var 7 3 35 City of HB Portfolio Management Page 1 Interest Earnings Summary September 30, 2015 September 30 Month landing Fiscal Year To hate CD1CouponlDiscount lnvestmerft: Interest Collected 206.556 25 2,034,367 69 Plus Accrued Interest at End of Period 473,232 05 473,232 06 Less Armed Interest at Beginning of Period 502,481 09) 480,314.M Less Accrued interest at Purchase Dunng Period ( 0 00) { 0 00) interest Earned during Period 177,307.21 2,027,274.87 Adjusted by Premiums and Discounts -13,277 01 -145,088.27 Adjusted by Capital Gins or Losses 2,125.00 22.435 74 Earnings during Periods 166,15520 1,,904.624 34 Pass Through Secuntles. Interest Collected 0.00 000 x Plus Accrued Interest at End of Period 000 0.00 Less Accrued Interest at Beginning of Period 0 00y { 0 00) Less Accrued Interest at Purchase Dunng Period { 0 00) ( 0 00) Interest Earned during'Period 0 00 000 Adjusted by Premiums and Discounts 000 000 Adjusted by Capital Gains or Losses 000 000 Eamings during Periods 000 000 CashlChecking Accounts" Interest Collected 0.00 86,733 60 Plus Accrued Interest at End of Period 27,684 74 27.684.74 Less Accrued Interest at Beginning of Period ( 20,$0510) ( 16,8%79) interest Earned during Period 6,87964 77,521.56 Total Interest Eamed during Period 184,18&85 2,104.,796.42 Total Adjustmantr.from Premiums and Discounts -13,277.01 -146,086.27 Total Capital Gains or Losses 2.126.00 22,435.74 Total Earnings during Period 173,D34.84 1,992,145.99 e—r tD Portfolio CITY AP ~ tun bale 101f91�075-1d 39 PM(MF?M6)7 30 R*W Ver 7 3 3b w t� ;e�vesr, T State of California 1- Pooled Money Investment Account 0 Market Valuation 9/30/2015 w . �4 �.��; Carrying Cost Pfus�'r;� `" , - ZDescription j "Ai trued interot Purch. -AmiAzed'Cdst µ°��Fair (a eye= = A ru tl Interest United States Treasu Bills $ 12,871,664,593 62 $ 12.863,160,576 35 $ 12,891,502,600 00 NA Notes $ 21,753,246,738.90 $ 21,752,488,853 94 $ 21,783,297,000 00 $ 27,448,187.60 Federal enc SBA $ 602,701,636 28 $ 602,693,367 65 $ 696,900,462 69 $ 522,669 38 MBS-REMICs $ 80,585,488 85 $ 80,585,488 85 $ 86,209,374 07 $ 382,602 35 Debentures $ 1,364,527,83795 $ 1,364,526,185i7 $ 1,365,823,35000 $ 1,384,34930 Debentures FR $ - $ - $ - $ - Discount Notes $ 7,086,977 374 95 $ 7,092,738,0i3 84 $ 7,093,404,000 00 NA GNMA $ - $ $ $ - Su ranational Debentures $ 35Q165,819 35 $ 350,165,819 35 $ 350,950,000 00 $ 454,512 50 CDs and YCDs FR $ - $ - $ - $ - Bank Notes $ 600,000,000 00 $ 600,000,000 00 $ 600,018,032 38 $ 456,888 90 CDs and YCDs $ 12,875 010,933 58 $ 12,875,010,933 58 $ 12,872,759,172 35 $ 8,756,708 37 Commercial Paper $ 2,822,034,319 49 $ 2,823,728,763 90 $ 2,823,785 298 62 NA Corporate Bonds FR $ - $ - $ - $ - Bonds $ - $ - $ _ $ - Repurchase Agreements $ - $ - $ - $ - Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 5,628,540,000 00 $ 5,628,540,000 00 $ 6,628,540,000.00 NA AB 55&GF Loans $ 458,657,202 41 $ 458,557,202 41 $ 458,557,202.41 NA TOTAL $ 66,494,011,945 38 $66,512,195.205 04 $ 66,551,746,412 52 $ 39,405,918 30 Fair Value Including Accrued Interest $66,691,152,330 82 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(1.000594646). 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$20,011,892 92 or$20,000,000 00 x1.000594646, Item 1. - 34 HB -44- - Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Finance Department September 2015 Cash Receipts and Disbursements Auqust 2015 September 2015 Receipts Property Tax Receipts $94,362 $1,262,772 Utility Tax Receipts (UUT) 1,693,023 1,736,210 Sales Tax Receipts 2,433,800 2,698,570 1/2 Cent Safety Sales Tax Receipts 198,943 183,794 Highway Users Tax Receipts (HUT) - 671,337 Transient Occupancy Tax Receipts (TOT) 1,216,433 1,024,101 Government Funds 56,995 218,604 Capital Funds 2,670,210 3,112,845 Debt Service Funds - 6,646,977 Enterprise Funds 4,741,279 4,926,877 Fiduciary Funds 1,148,565 1,273,696 Internal Service Funds 517,265 529,067 Special Revenue Funds 1,452,588 3,363,033 All Other Receipts 6,255,896 5,746,787 Total Receipts $22,478,347 $33,394,671 Disbursements Total Disbursements (39,447,912) (40,138,807) Net Change in Cash Flow ($16,964,565) ($6,744,136) Summary of Gash by Fund August 2015 September 2016 General Fund 70,289,225 62,512,328 Government Funds 1,486,538 1,608,660 Capital Funds 14,754,244 16,883,151 Debt Service Funds - 3,304 Enterprise Funds 80,064,863 80,478,929 Fiduciary Funds 13,886,228 10,111,989 Internal Service Funds 8,273,916 8,431,736 Special Revenue Funds 27,307,413 29,421,269 General Ledger Cash Balances 216,062,427 209,451,367 '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 2015 xisx 10/1512015 xB -45- Item 1. - 35 10/29/2015 City of Huntington Beach City Treasurer's Report Period Ending:September 30,2015 Alisa Cutchen, CCMT, CPFIM C ity Treasu re r City Treasurer's Mission: Preservation and Return of Investments Portfolio governed by: California State Regulations City's Investment Policy — Certified by California Municipal Treasurers Association COMMUNICATION Maeting Cater O � 1 Agenda Item No. 1 10/29/2015 Investment Policy Certification CALIFORNIA MUNICIPAL TREASURERS ASSOCIATION .w.4ormi. City of Huntington Beach s City Treasurer's Mission: Preservation and Return of Investments • Goal: Own Legal AND Suitable Investments to meet the objectives: • Safety of Principal • Adequate Liquidity • Market Rate of Return In this absolute order of priority 2 10/29/2015 City Treasurer's Mission: Preservation and Return of Investments • Frequently Utilized Investments: • U.S. Federal Agency Issues • Corporate Notes/Bonds • LAIF (CA State Pool) Portfolio Overview: Investment Summary As of September 30, 2015 • $ in millions %of Investment voe Market Value Book Value Portfolio Policy limit Federal Agency Issues $ 124.22 $ 124.07 61% None Local Agency Investment Fund(IAIF) $ 37.34 $ 37.34 19% $50 million Corporate Bonds $ 40.73 $ 4032 20% 20% total Portfolio $ 202.29 $ 202.13 100% 3 10/29/2015 Portfolio Overview: Investments by Type As of September 30, 2015 By Book Value: C.r,—5ond, Feaenl Age—es 20% 61% Portfolio Overview: Historical Book Value Book Value as of September 30,201 S 0250.000.00000 — - $200.000.000.00 $150.00010"M - -— S100p001000.00 050,000,000.00 SO." ^ear i i S 4 10/29/2015 Portfolio Performance As of September 30, 2015 Monthly Effective Rate of Return 1.09% Fiscal Year-To-Date Effective Rate of Return: 1.01 Versus FY2013/14: 1 0.90% Portfolio Performance FiscalYear 2014-2015 Earnings: CurrentYear: $1,982,146 Versus FY2013/14 $1,479,308 Increase: $502,838 up 34% 5 10/29/2015 QUESTIONS? 6 -10 - h C it of H u nt*ngt Beac r su rer�s Repo 4 Period Ending. September 30, 2015 a" -A Alisa Cutehen', CCI� T, CPF I M 4 C ity Treasu rer �. C It Treasurers Mission : 4" Pees V,vation and Return I NT of I nves of is Portfolio gov►erne 04 o California State Dove ent Code �� Cit s I nvestment Pol icy rtified ba California Municipal Treasurers ssociation i CD estmentPolicy A hill, s� 16A ""�CALIFORNIA MUNICIPAL ' `R t)RE S ASSOCIATION �. 2 - 5 �y P+ City ofHunfingtolt ach '. nur c.rewFw err . pt 1ky e!VMr AN " g ry t reasu r r s Mission .* Pro ry ton and Return of I nvr+e rents A. Goal: Own Leg AN D Suitable Investments to rnee the objectives: , J o Safety of Principal o Adequate Liquidity o Market Rate of Retu rn W H W In this absolute order of priorityez^ ca City Treasurer's Missign : Pre.servation and Return of Investments Frequently U6W;9d Investments: U.S. Federal Agehry Issues 4Corporate Notes/B6b,ds Q LAIF (CA State Pool) ;94 g p Portfolio Overview: -£ In tment Summary �� �� = • $ in H.] ns % of Investment T \hha etValue BoMalue Portfolio Policy limit federal Agency Issues $ 124.22 124.07 61% None Iocal Agency Investment fund �[Allj $ 37.34 $ 3734 19% $50 million Corporate Bonds $ 40,73 $ 40.72 ' .20% 20% Total Portfolio S 202029 S 202,13 100%\ Portfolio Overview: Investm e nts b Type kValue: By BOO, NSF Corporate onds 20% 'Federal Agencies 61 % Hr K4 sir LAIF 19% ,a Portfolio O"Nervie Hism torical BookValue BookValue ' $250,000,000.00 $200,000,000.00 -- �— _ $1 50,00a,000.0a s d €( $50,000,000.00 a� $0.00 i t { ' t t ryd� tia�� '�o`� ,,tip �0♦ ,ti© 'Y � '1• ti� tid`��� n . w � er r � } rPortfoliom e As b a te m be r 3 0, 20 15 -7 13 Monthl Effective Rate of Return: 1 .09% k s — Fiscal Year-To-[date tip�ti Effective Rate of Retu rn. - 1 .01 % versus FY2013/ 14: 0.90% Vp ortfolio Performance Fi s�tal_1�ea�r2014,2015 x �ww Earnin CurrentYear: $ 1 ,1982, 146 versus FY2013/ 1",4 $ 1947%308 r, Increase. $502,838 aP 34% / . . \ \� � \ \ « 10,N CD M" .U . ^ S . . . . Q % ^ � � « .� : � - . ƒ _ �^ ` } �e ) Dept. ID CT 15-006 Page 1 of 1 Meeting Date: 8/3/2015 Approved 7-0 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 8/3/2015 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 2015 Quarterly Investment Summary Report Statement of Issue: Receive and File the City Treasurer's Quarterly Investment Report for June 2015, 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 2015, 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: Strengthen economic and financial sustainability Attachment(s): 1. Treasurer's Quarterly Investment Report for June 2015 2. Treasurer's PowerPoint Presentation for June 2015 City of Huntington Beach Treasurer's Investment Report Quarter Ending: June 30, 2015 Prepared by: Alisa Cutchen, CCMT, CPFIM - City Treasurer 11Page Economic and Market Overview: The second-quarter of 2015 saw a rebound from the weather-related decline in GDP during the first quarter of the year. Consumer spending for motor vehicles and other goods and services fostered the improving economy, along with a ramping up of construction activity, including home building. While economic activity improved during the second quarter of 2015, results have been less than spectacular. For the quarter ending June 30, 2015, real GDP growth has averaged a slow 2.2% pace. Inflation continued to run below the Federal Reserve Committee's 2% target. On a positive note, the unemployment rate fell to 5.3%, its lowest level since April 2008. The increase of approximately 223,000 jobs in June has helped propel economic growth. Strong gains were seen in health care, retail, food service and business services. It must be noted however, that the decline in the unemployment rate was partially the result of a drop in the participation rate, falling to a low of 62.6% (as many people have stopped looking for work). Additionally, wage increases still appear to be lagging. Average hourly earnings continue to show modest wages gains of just 2.0% year-over-year through June of 2015. Internationally, difficulties continued, especially within Europe (Greece) and the slower-growing economy in China. The soft wage data and global economic uncertainty have raised additional doubts about whether the Federal Reserve will hike the federal funds rate this year. Current information points to a potential raise in rates at the end of 2015. Portfolio Overview: As of June 30, 2015: %of YTM Investment Type Market Value Book Value Portfolio 365-day Policy Limit Federal Agency Issues 133,000,190 133,057,227 61% 1.30% None Local Agency Investment Fund (LAIF) 46,317,080 46,317,080 21% 0.30% $50 million Corporate Bonds 38,161,775 38,231,117 18% 1.27% 20% Total Portfolio 217,479,045 217,605,424 100% 1.08% As of June 30, 2015 the market value of the City's investment portfolio was $217.5 million, with a book value of $217.6 million. 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 1 P a g e Portfolio Composition: Book value as of June 30, 2015: Corporate Bonds 18% Federal Agencies Local Agency Investment Funds 21% Currently, City funds are invested in federal agency securities, corporate bonds and the State of California's pooled account, the Local Agency Investment Fund (LAIF). The four federal government sponsored entities (agencies) whose bonds the City purchases 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 bonds (or notes) are obligations of corporations. All corporate notes are "A" rated or its equivalent or better, per the City's investment policy and state of California regulations. 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 as well as the "State of California Pooled Money Investment Account Market Valuation" for month end included in this report. LAIF has been utilized for the liquidity portion of the City's 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. 3 1 P a g e Portfolio Earnings and Performance: Monthly Earnings History $250,000 - - $200,000 92 18 $175,525 $177,799 $180.652 $148,252 $156,224 $150,000 $143480 - $133,147 $130,492$137,916$ 2,924$139,083 $129,918 13 $100.000 $50,000 $0 e� ers-1 °o° °\A J9o� �m�c0 °` ^bP y0Q .�c ryp rb0 3, 00 �p^b ryp ryp.b �p.�b ,lp ryp ,y0 `L .y0 �O Monthly investment earnings for June 30, 2015 were $180,652. The monthly effective rate of return was 0.99%, with a fiscal year-to-date effective rate of return of 1.00%. There has been a slight decrease in the overall portfolio rate of return as more funds have been invested in LAIF rather than in longer term, higher-yielding securities at this time. This is due to the seasonality of city revenues, which consist primarily of property taxes and sales tax. As property taxes are the City's largest source of revenue, and they are received typically around the months of April and December, liquidity must be preserved to be utilized during the months between such revenue receipts. As such, the LAIF balance is currently at its seasonal peak in order to ensure liquidity over the following approximately five months. While other short-term investments may be utilized, at this time the LAIF pool offers the best rate of return in the shorter term while providing overnight liquidity. 4 1 P a g e Month Ending: Total Earnings June 30, 2015 Fiscal YTD Current Year $ 180,652 $ 1 ,444,489 Current Budget $ 100,000 $ 900,000 Last Year Actual $ 130,492 $ 1 ,069,299 Effective Rate of Return 0.99% 1 .00% Benchmark* 0.43% 'Benchmark: The average of the rnonthly LAIF rate and the 12-month rolling average 2-year Constant Maturity Treasury (CHIT) rate, per Investment Policy Statement Overall, the portfolio yield remains flat due to the continuation of historically low interest rates. It is anticipated that the portfolio yield will remain at a similar level as interest rates begin to move upward, as existing securities will continue to remain in the portfolio until maturity, unless they are called. Portfolio Activity: (For details of portfolio activity, please see the Sympro reports attached entitled "Activity Report') Monthly Activity: For the month ending June 30, 2015, $25 million in federal agencies were called and $10 million were purchased. $2 million in corporate bonds matured with no purchases of corporate bonds during the month. $15 million in funds were deposited into LAIF to maintain liquidity for the next few months. Quarterly Activity: For the quarter ending June 30, 2015, a total of $38 million in federal agency securities were purchased with $35 million in federal agencies called, sold or matured. $3 million in corporate bonds were purchased for the quarter with $2 million in corporate bonds maturing. $24 million was deposited to LAIF for the quarter and $18,718.66 in quarterly LAIF interest was received. Compliance: The portfolio is in conformity with all relevant State regulations and the City's Investment Policy statement. The investment program herein shown provides sufficient cash flow liquidity to meet the next six months' obligations. 5i Page Additional Information: Retirement Plan Information as of March 31, 2015: (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 31,2015 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (changem Adjustments Balance (1-1-15) value) (3.31-15) Gain/Loss/ Reporting/s Quarterly Interest ICMA Retirement Corporation(457 Plan) $41,881,635 5671,737 ($777,055) $962,756 ($3,878) $42,736,195 Natlonv4de Retirement Solutions(457 Plan) $72,615,101 $1,299,944 ($1,110,221) $1,408,856 ($625) $74,213,055 Total Deferred Compensation Plan Balances $114,496,736 $1,971,681 ($1,887,276) $2,371,612 (54,503) $116,948,250 City of Huntington Beach Retiree Medical Trust Summary Information as of March 31,2015 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (changein Adjustments Balance Reporting is Quarterly (1-1-15) value) (3-31.15) CalPERS Retiree Medical Trust Account $15,714,881 $2,698,000 $0 $358,064 ($3,686) $18,767,279 City of Huntington Beach Supplemental Pension Trost Summary Information(monthly reporting,not quarterly) as of March 31,2015 Beginning Employer Interest 8 Realized Change in Other Trust Fees/ Ending Balance Contributions Dividends Gain/Loss Unrealized Adjustments Balance Plus Net Gains/Losses (3-31-15) (3.1-15) Accrued Reporting Is Monthly Income Supplemental Pension Trust Account $45,186,005 $0 $81,209 $29,618 ($263,675) ($5,994) 545,027,163 6 1 P a g e Bond Reserve Accounts - Balances as of June 30, 2015: Schedule of Bond Investments As of June 30,2015 Investments Account Federal Money Market Bond lssus Name Total L AIF Ago cylssues Funds Huntington Beach Public Financing Authority Lease Refunding Bonds 2010 Series A Reserve 1,242,741.85 1,242,741.85 Huntington Beach PFA-2011 Sedes A(Capilal Improvement Refinancing Project) Reserve 3,709,218.62 3,708,488.50 730.12 Redevelopment Agency of Huntington Beach-1999 Tax Allocation Refunding Bonds(1/3 of 1992) Reserve 757,233.21 757,233.20 0.01 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(213 of 1992) Reserve 1,683,308.23 643,596.90 1,005,440.00 34,271.33 Huntington Beach Community Facilities District No.1990-1 2001(Goldenwest-Ellis) Reserve 172,510.47 172.110.44 400.03 Huntington Beach Community Facilities District No.2000-1 2013(Grand Coast-Fyatt) Reserve 1,091,846.80 1,091,846.80 Huntington Beach Community Facilities District No.2002-1 2002(McDonnell Centre Business Park) Reserve 453,119.65 452,918.31 201.34 Huntington Beach Community Facilities District No.2003-1 2013(Huntington Center-Bella Terra) Reserve 1,680,710.77 1,680,716.77 Grand Totals 10,790,695.60 5,734,347.35 1,005,440.00 4,050,908,25 7 1 P a g e ��µ11NGT0 O� acouWrq 2B a --- - - � City of Huntington Beach City of HB 2000 Main St. Huntington Beach, 9 _ ? Portfolio Management CP����C Portfolio Summary syCE�GUMY April 30, 2015 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equal. Federal Agency Issues-Coupon 180,000,000.00 160,067,500.00 160,059,221.61 72.90 1,699 1,217 1.345 1.364 Local Agency Investment Funds 22,317,080.13 22,317,080.13 22,317,080.13 10.16 1 1 0.279 0.283 Corporate Bonds 37,000,000.00 37.300.860.00 37,183,998.76 16.94 1,234 849 1.180 1.196 Investments 219,317,080.13 219,685,44D.13 219,560,300.50 100.00°/ 1,374 1,031 1.209 1.226 Cash and Accrued Interest Accrued Interest at Purchase 11.906.75 11,90675 Subtotal 11,906.75 11,906-75 Total Cash and Investments 219,317,080.13 219,697,346.88 219,572,207.25 1,374 1,031 1.209 1.226 Total Earnings April 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 177,79926 1,071,650.64 Current Budget 100,000.00 700,000.00 1,200,000.00 Last Year Actual 127,830.00 805.660.00 1 A79,308.00 Average Daily Balance 202,037,046.95 185,681,386.25 Effective Rate of Return 1.07% 0.99% 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 February 3,2014. 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 i eractive Da orporatio� L / -7' � JrlJ Alisa Cutchen,CITY TREASURER Reporting period 04/01/2015-04130/2015 Portfolio CITY AP Run Data:07/14/2015-07:57 PM(PRF_PM1)7.3.0 Report Ver.7.3.3b City of HB Portfolio Management Page 1 Portfolio Details - Investments April 30, 2015 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 3133EEA42 4058 Federal Farm Credit Bank 0 412 312 01 5 S,OD0,000.00 4,981,750.00 5,000,000.00 1.090 AA 1.090 1.088 D412 312 01 8 3133EETED 4060 Federal Farm Credit Bank 04117/2015 5,000,000.00 5,015,600.00 5,036,948.28 1.125 AA 0.863 1.046 D3/12/2018 313381 M44 3953 Federal Home Loan Bank 12128/2012 5,000,000.00 5,004,450.00 5,000.000.00 0.650 AA 0.650 607 12/28/2016 3130AZAH9 4013 Federal Home Loan Bank 06126/2014 5.000,000.00 4.995.300.00 4.998.650.35 1.500 AA 2.035 1.517 06126/2019 313OA2TG1 4017 Federal Home Loan Bank 08/27/2014 5.000,000.00 5,005,100.00 5.000.000.00 1.500 AA 2.052 1,579 0627/2019 313OA3PA6 4020 Federal Home Loan Bank 12/30/2014 6.000,000.00 5,026,750.00 5.000,000.00 1.550 AA 1.892 1,704 12/3D2019 313OA3KF0 4021 Federal Home Loan Bank 12/18/2014 5.000,000.00 5,009.300.00 4.997,684.72 1.500 AA 2.112 1,692 12JIM019 3130A3KU7 4022 Federal Home Loan Bank 12/12/2014 S,OOD,000.00 5,008,450.00 5,000,ODO.00 1.625 AAA 2.035 1.686 12/12/2019 3130A3TA2 4038 Federal Home Loan Bank 12/30/2014 5,000,ODO.00 5,018,950-00 4.998,866.46 1.000 AA 1.010 837 08/15/2017 313DA3YL2 4040 Federal Home Loan Bank 02/20/2015 5,000,00.00 5,002,200.00 5,000,000.00 1.000 AA 2.356 1,756 02/20/2020 31337BA43 4048 Federal Home Loan Bank OV2012015 5,000,000.00 5,052,300.00 5,038,491.54 1.376 AA IA DO 1,043 03/09/2018 313OA4EQ1 4051 Federal Home Loan Bank 03/12/2015 5,000,00.00 5,009,650.00 5,000,000.00 2.050 AA 2.060 1,777 03/122020 313OA4VE9 4055 Federal Home Loan Bank D4/27/2015 5.000,000.00 4,992,250.00 5,000,000.00 1.050 AA 1.050 1,092 04/272018 3134G31390 3940 Federal Home Loan Mort Corp 08/15/2012 6,000.000.00 4,995,950.00 5,000,000.00 0.875 AA 0.875 837 08/152017 3134G3364 3952 Federal Home Loan Mort Corp 01/11/2013 5.000,000.00 4,988,300.00 5,000,000.00 1.000 AA 1.000 988 01/112018 3134G47G7 3980 Federal Home Loan Mort Corp 06/26/2013 6,000,000.00 4,997,850.00 5,000,000.00 1.400 AA 1.400 1,152 06262018 3134G55H4 4010 Federal Home Loan Mort Corp 05/282014 6,000,000.00 5,005,650.00 5,000.000.00 1.625 AA 1.625 1,307 11282018 3134G55T8 4011 Federal Home Loan Mort Corp 06/12/2014 5,000,000.01) 5,002,850.00 5,000.000-00 0.700 AA 0.700 591 12/122016 3134G5U52 4037 Federal Home Loan Mort Corp 12/26/2014 6,ODO,000.00 5,011,550.00 5,000,000.00 1.700 AA 1.700 1,335 12262018 3134G6AU7 4041 Federal Home Loan Mort Corp 0220/2015 6,000.000.00 4,988,900.00 5,000.000.00 1.400 AA 1.400 1,207 08202018 3134G6NQ2 4054 Federal Home Loan Mort Corp 04/172015 5,000,00D.00 4.997,800.00 5,000,000.00 1.250 AA 2.131 1,813 04/172020 3134GSVPS 4059 Federal Home Loan Mort Corp 04272015 5,000,0DO.00 4.985,100.00 4,999.750.93 1.050 AA 1.052 1.092 04272018 3135GORK1 3945 Fed.Ned Mort.Assoc. 11/072012 5,000.000.00 4.962.050.00 5,000,000.00 0.900 AA 0.900 921 11/072017 3136GO7K1 3947 Fed.Nat'l Mort Assoc. 12/072012 5,000,000.00 4,996,700.00 5,000,000.00 0.700 AA 1.002 950 12N62017 3136G17E3 3950 Fed.Nat9 Mort.Assoc. 12262012 5,000,000.00 4.998.550.00 5,000.000.00 0.700 AA 1.042 970 12262017 3136G1A66 3951 Fed.Nail Mort.Assoc. 12262D12 5,000.000.00 5,002,90000 5,000,000.00 0.700 AA 1.063 970 12262017 313SGlAYS 3955 Fed.Natt Mort.Assoc. 01/302013 5,000,000,00 5,004.850.00 5,000.000.00 0.750 AA 1.078 1,005 01/302018 3136G1CJ6 3957 Fed.Narl Mort.Assoc. 02212D13 5,000.000.00 5.001.200.00 5,000,000.00 0.750 AA 1.193 1,027 02212018 313631EPO 3964 Fed.Narl Mort.Assoc. 031122D13 5,000,000.00 5,018.650.00 51000.000.00 1.100 AA 1.100 1,046 03/122018 3136GINB1 3979 Fed.Narl Mort.Assoc. 06119=13 5,000.000.00 4.972,600.00 4,988,629.33 0.800 AA 0.907 780 06/192017 31361321395 4042 Fed.Narl Mort.Assoc. 02r192015 5,000.000.00 5,0114,200.00 5,000,000.00 1.000 AA 2.081 1.755 02/19/2020 3136G2EE3 4043 Fed.Narl Mort Assoc. 02/272015 5,000,000.00 5.011,800.00 6,000,000.00 1.125 AA 1.125 1,763 0227/202D Subtotal and Average 142,540,119.22 160,000,000.00 160,067,500.00 160,069,221.61 1.364 1,217 Portfolio CITY AP Run Date:07114=15-01:5] PM(PRF Pr42)7.3.0 Report Ver.7.3.3b City of HB Portfolio Management Page 2 Portfolio Details - Investments April 30, 2015 Average Purchase Stated YTM Dayste Maturity CUSP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Local Agency Investment Funds SYS982 982 Laif City 22.317,080.13 22,317,080.13 22,317.080.13 0.283 0.263 1 Subtotal and Avenge 22,308,344.76 22,317,080.13 22,,317,090.13 22,317,080.13 0.283 1 Corporate Bonds 037833AJS 3976 Apple Inc, 05282013 3,000.000.00 2.984,280.00 2,986.833.13 1.000 AA 1.151 1.098 05/032018 149121-5P2 4024 Caterpillar Financial Corp. 12/10/2014 3,000,000.00 2.998,860.00 2.978.914.73 1.300 A 1.555 1.035 03/01/2018 166764AA8 4044 Chevron Corp 02/092015 3,000,000.00 3.002,670.00 3,007.722.05 1.104 AA 1.003 949 12/052017 36962GSWO 3994 General Electric Capital Corp 12/26/2013 5,000,000.00 6,131,150.00 5,097.891.09 2.300 AAA 1.291 727 W27f2017 36962G6K5 4007 General Electric Capital Corp 05/122014 2,500,000.00 2,529,800.D0 2,616,144.10 1.500 AA 1.340 934 111202017 36962G6W9 4036 General Electric Capital Corp 12/1912014 2.000,000.00 2,022.000.00 2,010,406.94 1.625 AA 1.442 1.067 04/022018 24422ERSO 3948 John Deere Capital 12/112012 2,000,000.00 2,002,120.00 2.001.213.07 0.950 A 0.570 59 06292015 191216BA7 4D49 Coca Cola Co 02242015 2,500,000.00 2,501,500.00 2,492.315.35 1.150 AA 1.258 1,066 04/012018 58933YA09 4045 Merck&Co Inc 02/092015 2,000.000.00 1,996,300.00 2,002,142.37 1.100 AA 1.089 1,006 01/312018 674599CS9 3977 Occidental Petroleum 052=013 3,000,000.00 3,041,220,00 3,036,241.26 1.750 A 1.050 656 02/152017 89233P7E0 4023 Toyota Motor Credit 12/102014 3.000,000.00 3,015,480.00 2,990,833.78 1.375 AA 1.491 985 01M02018 89236TAY1 4039 Toyota Motor Credit 01/mols 3,000,000.00 3,058,320.00 3,060,528.99 2.000 AA 1.500 1272 10242018 931142CX9 3943 Wal-Mart Stores 08/142012 3.000.000.00 3,017,160.00 3,012,811.90 1.500 AA 0.606 177 10252015 Subtotal and Avenge 37,189,682.97 37,000.000.00 37,300.860.00 37,183,998.76 1.196 849 Total and Avenge 202,037,046.96 219,317,080.13 219,686,440.13 219,660,300.50 1.226 1,031 Portfolio CITY AP Run D.I.07/142015-07;57 PM(PRF_PM2)7.3.0 City of HB Portfolio Management Page Portfolio Details - Cash April 30, 2015 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturlty Average Balance 0.00 Accrued Interest at Purchase 11,906.75 11,906.75 0 Subtotal 11,906.75 11,906.75 Total Cash and Investments 202,037,046.95 219,317,080.13 219,697,346.88 219,572,207.25 1.226 1,031 Portfolio CITY AP Run Dale:0711412 01 5-07:57 PM(PRP_PM2)7.3.0 City of HB Portfolio Management Activity By Type Page 1 April 1, 2015 through April 30, 2015 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133EEA42 4058 Federal Farm Credit Bank 1.090 04f23=15 5,0130,000.00 0.00 3133EETED 4060 Federal Farm Credit Bank 1.126 04/17/2015 5,037,450.00 0.00 313OA4VE9 4055 Federal Home Loan Bank 1.050 04/27/2015 5,000,000.00 0.00 3134G6NG2 4054 Federal Home Loan Mort Corp 1.25D 04/17/2015 5,000,000.00 0.00 3134G6VP5 4059 Federal Home Loan Mort Corp 1.050 04/27/2016 4,999,750.00 0.00 3135GOYA5 3978 Fed.Nan Mart.Assoc. 0.750 04/02/2015 0.00 5,000,00D.00 Subtotal 25,037,200.DO 5,000,000.00 160,069,221.61 Local Agency Investment Funds (Monthly Summary) SYS982 982 Leif City 0.283 18,718.66 0.00 Subtotal 18,718.66 0.00 22,317,080.13 Corporate Bonds Subtotal 37,183,999.76 Total 26,065,918.66 5,000,000.00 219,560,300.60 Portfolio CITY AP Run Date:D7114=15-07:57 PM{PRF PM3)7.3.0 Repon Ver.7.3.31S City of HB Portfolio Management Pagel Activity Summary April 2014 through April 2015 Yield to Maturity Managed Number Number Month Number of Average 390 366 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity April 2014 42 196.436,692.66 0.908 0.921 0.233 0 0 1,284 977 May 2014 41 193,837,931.04 0.962 0.975 0.228 3 4 1,286 977 June 2014 42 189,731,088.09 0.984 0.997 0.228 3 2 1,298 979 July 2014 40 193,802,929A7 0.978 0.992 0.244 0 2 1,298 946 August 2014 41 187,498,755.91 1.028 1.042 0.260 2 1 1,327 960 September 2014 41 187,916,562.38 1.083 1.098 0.246 0 0 1,424 1,002 October 2D14 37 168,752,003.21 1.126 1.142 0.261 0 4 1,450 1,023 November 2014 35 166,568,219.77 0.968 0.981 0.261 0 2 1,264 848 December 2014 37 179,431,920.78 1.052 1.066 0.267 9 7 1.268 915 January 2015 36 186,653,300.48 1.049 1.063 0.262 1 2 1,269 898 February 2015 42 193,794,027.30 1.153 1.170 0.266 8 2 1,339 1,004 March 2015 42 203,229,327.76 1.194 1.210 0.278 1 1 1,390 1.022 April 2015 46 202,037,046.95 1.209 1.226 0.283 5 1 1.374 1,031 Average 40 188,395,727.31 1.053% 1.058% 0.255 2 2 1,328 968 Portfolio CITY AP Run Date:07114r1015-07:57 PM(PRF PM4)7.3.0 Report Var.7.3.31, City of HB Portfolio Management Page Interest Earnings Summary April 30, 2015 April 30 Month Ending Fiscal Year To Date CD/Coupon Discount Investments: Interest Collected 117,649.31 1,045,398.19 Plus Accrued Interest at End of Period 536,389.17 536.389.18 Less Accrued Interest at Beginning of Period ( 471,366.94) ( 480,314.88) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 182,672.54 1,101,472A9 Adjusted by Premiums and Discounts -10,562.26 -82,826.55 Adjusted by Capital Gains or Losses 500,00 16.210.74 Earnings during Periods 172,610.28 1,034,856.68 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 18,718,66 46,320.48 Plus Accrued Interest at End of Period 7,370.27 7.370.27 Less Accrued Interest at Beginning of Period ( 20,899.95) ( 16,896.79) Interest Earned during Period 5,188.98 36,793.96 Total Interest Earned during Period 187,961.52 1,138,266.45 Total Adjustments from Premiums and Discounts -10,56226 -82,826.55 Total Capital Gains or Losses 500.00 16,210.74 Total Earnings during Period 177,799.26 1,071,650.64 Portfolio CITY AP Rw Date:07/142015-07:57 PM(PRP PM6)7.3.0 RaoO Ver.7.3.3E oo��V\NVEST,yFy9� State of California 0 Pooled Money Investment Account ds Market Valuation " 4/30/2015 Carrying Cost Plus Description Accrued Interest Purch, Fair Value Accrued Interest United States Treasury: Bills $ 11,733,359,499.10 $ 11,743,461,000.00 NA Notes $ 20,420,040,737.92 $ 20,435,301,000.00 $ 32,150,882.00 Federal Agency: SBA $ 579,255,766.99 $ 574,223,498.02 $ 514,311.68 MBS-REMICs $ 93,829,582.71 $ 100,409,699.04 $ 446,304.38 Debentures $ 1,834,442,729.67 $ 1,834,344,600.00 $ 2,549,467.27 Debentures FR $ - $ - $ Discount Notes $ 4,493,250,395.77 $ 4,494,182,000.00 NA GNMA $ - $ - $ - Supranational Debentures $ 450,189,038.36 $ 450,618,000.00 $ 425,533.00 CDs and YCDs FR $ - $ - $ - Bank Notes $ 600,000,000.00 $ 599,847,418.61 $ 281,499.99 CDs and YCDs $ 14,600,056,150.54 $ 14,595,254,256.88 $ 7,367,375.00 Commercial Paper $ 7,396,496,277.80 $ 7,396,682,000.01 NA Corporate: Bonds FR $ $ $ Bonds $ $ $ Repurchase Agreements $ 100,000,000.00 $ 100,000,000.00 NA Reverse Repurchase $ - $ - $ Time Deposits $ 5,236,540,000.00 $ 5,236,540,000.00 NA AB 55 & GF Loans $ 353,958,755.13 $ 353,958,755.13 NA TOTAL $ 67,891,418,933.99 1 $ 67,914,822,227.69 1 $ 43,735,373.32 Fair Value Including Accrued Interest $ 67,958,557,601.01 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 April 2016 Cash Receipts and Disbursements March 2015 April 2015 Receipts Property Tax Receipts $3,092,659 $19,036,415 Utility Tax Receipts (UUT) 1,650,548 1.695,777 Sales Tax Receipts 2,575,173 1,646,500 1/2 Cent Safety Sales Tax Receipts 239,625 143,953 Highway Users Tax Receipts (HUT) 459,380 827,257 Transient Occupancy Tax Receipts (TOT) 588,271 808,246 Government Funds 140,994 54,249 Capital Funds 106,653 170.323 Debt Service Funds 757,459 - Enterprise Funds 4,537,123 4,787,317 Fiduciary Funds 1,680.293 6,489.272 Internal Service Funds 500,085 507,497 Special Revenue Funds 2,352,655 3,696,451 All Other Receipts 4,669.447 4,403,931 Total Receipts $23,350,365 $44,267,188 Disbursements Total Disbursements (25,224,974) (28,931,033) Net Change in Cash Flow ($1,874,609) $15,336,155 Summary of Cash by Fund March 2016 April 2016 General Fund 71,448,250 84.512,241 Government Funds 1,725,095 1.709,950 Capital Funds 16,432,870 15,949,138 Debt Service Funds - - Enterprise Funds 80,341,955 79,912,365 Fiduciary Funds 14,787,878 16,658,230 Internal Service Funds 8,092,198 8,100,061 Special Revenue Funds 24,420,413 25,424,224 General Ledger Cash Balances 217,248,660 232,266,209 ' `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 8 Disbursements April 2015.x1sx 6/27/2015 �uNTINGTO� O� mconWr� d a --- -- � City of Huntington Beach i City of HB 2000 Main St. Huntington Beach, 1P Q Portfolio Management U~ N °Q2 Portfolio Summary May 31, 2015 Par Market Book %of Daysto YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 366 Equiv. Federal Agency Issues Coupon 148,000,000.00 148,D64,800.00 148.057.576.50 67.42 1.586 1,190 1.332 1.351 Local Agency Investment Funds 31,317,080.13 31,317,080.13 31,317,080.13 14.26 1 1 0.286 0,290 Corporate Bonds 40,000,000.00 40,322,630.00 40,242,115.02 18.32 1.241 856 1.220 1.237 Investments 219,317,080.13 219,704,510.13 219,616,771.65 100.00% 1,297 959 1.162 1.179 Cash and Accrued Interest Accrued Interest at Purchase 37,833.83 37.833.83 Subtotal 37,833.83 37,833.83 Total Cash and Investments 219,317,080.13 219,742,343.96 219,654,605.48 11297 959 1.162 1.179 Total Earnings May 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 192,186.52 1,263,837.16 Current Budget 100,000.00 800,000.00 1,200,000.00 Last Year Actual 133,147.00 938,807.00 1,479,308.00 Average Daily Balance 218,277,164.90 189,939,694.19 Effective Rate of Return 1.04% 1.000/6 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 February 3,2014. A copy of t��Mo office of the City Clerk.The investment program herein shown provides sufficient rash flow liquidity to meet the next six montIfs obligations. Market Values provided by Union rp ation. 7 , Alisa Cutchen,CITY TREASURER Reporting period 0 5101/2 01 6-0 513112 01 5 Portfolio CITY AP Run Dela.071142D15-Or.59 PM(PRF_PMi)7.30. Report Ver.7.3.3b City of HB Portfolio Management Page 1 Portfolio Details - Investments May 31, 2015 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 3133EEA42 4058 Federal Farm Credit Bank 04232015 5,000,000.00 4,985,550.00 5,000,000.00 1.090 AA 1.090 1,057 04/23/2018 3133EET90 4060 Federal Farm Credit Bank 041172015 5.000.000.00 5.020,800.00 5,035,873.16 1.125 AA 0.863 1,015 03/122018 313381M44 3953 Federal Home Loan Bank 1212=012 5,000.000.00 5,002,200.00 5,00,000.00 0.650 AA 0.650 576 12282016 3130A2AH9 4013 Federal Home Loan Bank OSIMO14 5.000.000.00 4.997.350.00 4,998,677.43 1.500 AA 2.035 1.486 06262019 313OA3PA6 4020 Federal Home Loan Bank 12M=014 5,000,000.00 5,022,500.00 5,000,000.00 1.550 AA 1.892 1,673 12/302019 313OA3KFO 4021 Federal Home Loan Bank IV182014 5,000.000.00 5.003.400.00 4,997,726.39 1.500 AA 2112 1.661 12/182019 313OA3KU7 4022 Federal Home Loan Bank 12/122014 5.000.000.00 5,002.300.00 5,000,000.00 1.625 AAA 2035 1,655 12/122019 3130A3TA2 4038 Federal Home Loan Bank 12/302D14 5,000,00D.00 5.020,250.00 4,998,907.72 1.000 AA 1.010 806 08/152017 3130A3YL2 4040 Federal Home Loan Bank 02/=DlS 6.000.000.00 6.005.250.00 5,000,000.00 1.000 AA 2.356 1.725 022D2020 313378A43 4048 Federal Home Loan Bank 02202015 5,000,000.00 5.064.600.00 5,037,368.24 1.375 AA 1.1DO 1,012 03/092018 313OA4EQ1 4051 Federal Home Loan Bank 03/122015 5,000,ODO.00 5,002.600.00 5,000,000.00 2.050 AA 2.060 1,746 03/122020 3130A4VE9 4055 Federal Home Loan Bank 04272D15 5,000,000.00 4,993,800.00 5,000,000.00 1.050 AA 1.050 1,061 04/272018 3134G3690 3940 Federal Home Loan Mort Corp 08/152012 5,000,000.00 4,997,050.00 5,000,000.00 0.876 AA 0.875 Bee 08/152017 3134G33B4 3952 Federal Home Loan Mort Corp 01/112013 5,000,000.00 4.989.150.00 5,000,000.00 1.000 AA 1.000 955 01/112018 3134G47G7 3980 Federal Home Loan Mort Cap 061262013 5,000,000.00 4,999,250.00 5,000,000.00 1.400 AA 1.400 1,121 06262018 3134G55T8 4011 Federal Home Loan Mort Corp 06/122014 5,000,000.00 5.000.750.00 5,000.000.00 0.700 AA 0.70D 560 12/122016 3134GSU52 4037 Federal Home Loan Mort Cap 12(26/2014 5,000,000.00 5,005,300.00 5,000,000.00 1.700 AA 1.700 1,304 12262018 3134GSAU7 4041 Federal Home Loan Mon Corp 02/20/2015 5,000,000.00 4,988,450.00 5,000,000.00 1.400 AA 1A00 1.176 08202018 3134G6NQ2 4054 Federal Home Loan Mort Corp D4/172015 5,000,000.00 4.997.950.00 5,000,000.00 1.250 AA 2.131 1,782 04/17/2020 3134G6VP5 4059 Federal Home Loan Mort Corp 04272015 5,000,000.OD 4.986,800.00 4.999,757.87 1.050 AA 1.052 1,061 04272018 3135GORK1 3945 Fed.Nat]Mort.Assoc. 11/072012 5,000,0DO.00 4,965.500.00 5,000,000.00 0.900 AA 0.900 890 11/072017 3136GO71<1 3947 Fed.Nat]Mort.Assoc. 12/072012 5.000,000.00 4,996.050.00 5,000,000.00 0.700 AA 1.002 919 12/062017 3136G17E3 3950 Fed.Net]Mort.Assoc. 12262012 5,000,000.00 4,997.600.00 5,000,000.00 0.700 AA 1.042 939 12/262017 3136GIA66 3951 Fed.NeYI Mort.Assoc 12262012 5,000,000.00 5,001,500.00 S,OOD,ODO.00 0.700 AA 1.053 939 12/262017 3136G1AY5 3955 Fed.NM]Mort.Assoc, 01/70/2013 5,000,000.00 5,004,300.00 5.000,000.00 0,750 AA 1.078 974 01/302018 3136G1EPO 3964 Fed.NaYI Mort.Assoc. 031122013 5,000,000.00 5.006,860.00 5,000,000.00 1.100 AA 1.100 1.015 03//22018 3136G1NB1 3979 Fed.Natl Mort.Assoc. 06/192013 5.000,000.00 4.992.900.00 4,989,265.69 b.800 AA 0.907 749 06/192017 3136G2D95 4042 Fed.Nat]Mort Assoc. 02/192015 5,000,000.00 5,003,350.00 5,000,000.00 1.000 AA 2.081 1,724 02/192020 3136G2EE3 4043 Fed.Nat!Mort.Assoc, 02272015 5.000.000.00 5,007.900.00 5.000,000.00 1.125 AA 1.125 1,732 02272020 3136G2K30 4065 Fed.NaVI Mom Assoc. 05272015 3,000.000.00 3,013.650.00 3,000,ODO.00 2.000 AA 2.000 1,822 OSA 2020 Subtotal and Average 167,316,410.60 148,000,000.00 148,064,800.00 148,067,676.50 1.351 1,190 Local Agency Investment Funds SYS982 982 LaB City 31.317,080.13 31,317,080.13 31,317,080.13 0.290 0.290 1 Subtotal and Average 23,188,047.87 31,317,080.13 31,317,090.13 31,317,080.13 0.290 1 Portfolio CITY AP Run Dates 07/ta/2015-07:59 PM(PRF PM2)].3.0 Report Var.7.3.3a City of HI3 Portfolio Management Page 2 Portfolio Details - Investments May 31, 2015 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 2,973,300.00 2,987,198.20 1.000 AA 1.151 1,067 05/032018 149121-5P2 4024 Caterpillar Financial Corp. 12/10/2014 3,000,000.00 3,001,080.00 2,979,634.88 1.300 A 1.555 1,004 03/012018 166764AA8 4044 Chevron Corp 02/09/2015 3,000,000.00 2,996,730.00 3.007.474.02 1.104 AA 1.003 918 12/OS/2017 36962GSW0 3994 General Electric Capital Corp 12/26/2013 5,000,000.00 5,123,150.00 5,093,789.51 2.300 AAA 1.291 696 04/27/2017 36962G6K5 4007 General Electric Capital Corp OSM2/2014 2,500,000.00 2,524,925.00 2,615,617.09 1.600 AA 1.340 903 11/20/2017 36962GSW9 4036 General Electric Capital Corp 12/19/2014 2,000,000.00 2,020,940.00 2,010,104.80 1.625 AA 1.442 1,036 D4/02/2018 24422ERSO 3948 John Deere Capital 12/11/2012 2,000,000.00 2,000,900.00 2,000,585.62 0.950 A 0.570 28 D62912015 191216BA7 4049 Coca Cole Cc 02/242015 2,500,000.00 2,492,225.00 2,482,534.91 1.150 AA 1.258 1.035 D4/01/2018 58933YAC9 4045 Merck 6 Co Inc 02/092015 2,000,000.00 2,003,020.00 2,002,077.39 1.100 AA 1.089 975 D11372018 68389XAO8 4071 Oracle Corp 06262015 3,000,000.00 3,071,850.00 3,067,600.79 2.375 AA 1.731 1,324 OV152019 674599CB9 3977 Occidental Petroleum 05282013 3.000.000.00 3,039,960.00 3,034,553.00 1.750 A 1.059 625 OV15/2017 89233P7EO 4023 Toyota Motor Credit 12M 02014 3,000,000.OD 3,015,480.00 2,991,117.57 1.375 AA 1.491 954 01/1012018 89236TAYI 4039 Toyota Motor Credit 01262015 3,000,000.00 3,045,210.00 3,049,319.20 2.000 AA 1.500 1,241 1024/2018 931142CX9 3943 Wal-Mart Stores 08/142012 3,000,000.00 3,013,860.00 3,010,602.95 1,500 AA 0.606 146 1025/2015 Subtotal and Average 37,772,696.53 40,000,000.00 40,322,630.00 40,242,119.02 1.237 856 Total and Average 218,277,154.90 219,317,080.13 219,704,510.13 219,616,771.65 1.179 969 Portfolio CITY AP Run Deer.07114 2 01 5-0 7.59 PM(PRF_PM2)7.30 City of HB Portfolio Management Page 3 Portfolio Details -Cash May 31, 2015 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 37 833.83 37.833.83 0 Subtotal 37833.83 37,833.83 Total Cash and Investments 218,277,154.90 219,317,080.13 219,742,343.96 219,654,605.48 1.179 959 Portfolio CITY AP Run Data:07114n015-07:59 PM(PRF PM2)7.3.0 City of HB Portfolio Management Activity By Type Page 1 May 1, 2015 through May 31, 2015 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 313OA2TG7 4017 Federal Home Loan Bank 1.500 05/27/2015 0.00 5,000,000.00 3134GSSH4 4010 Federal Home Loan Mort Corp 1.625 OS2=015 0.00 5,000,000.00 3136G1CJ6 3957 Fad.Nan Mort.Assoc. 0.750 05212015 0.00 6,000,000.00 3136G2K30 4065 Fed.Nan Mort.Assoc. 2.000 05272015 3,000,000.00 0.00 Subtotal 3,000,000.00 15,000,000.00 148,057,S76S0 Local Agency Investment Funds (Monthly Summary) SYS962 982 Lad City D.290 9.000.000.00 0.00 Subtotal 9,000,000.00 0A0 31,317,080.13 Corporate Bonds 6838MQB 4071 Oracle Corp 2.375 0526/2015 3,067,860.00 0.00 Subtotal 3,067,860.00 0.00 40,242,115.02 Total 15,067,860.00 16,000,000.00 219,616,771.65 Portfolio CITY AP Run Dale:07/14 4 01 5-0 7.59 PM(PRF_PM3)7.3.0 Rapon Var.7.3.31, City of HB Portfolio Management Page 1 Activity Summary May 2014 through May 2015 Yield to Maturity Managed Number Number Mont 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 2014 41 193,837,931.04 0.962 0.975 0.228 3 4 1,286 977 June 2014 42 189,731,088.09 0.984 0.997 0.228 3 2 1,298 979 July 2014 40 193,802,929.47 0.978 0.992 0244 0 2 1,298 946 August 2014 41 187,498,755.91 1.028 1.042 0260 2 1 1,327 960 September 2014 41 187,916,562.38 1.083 1.098 0.246 0 0 1.424 1.002 October 2014 37 168,752,003.21 1.126 1.142 0.261 0 4 1,450 1.023 November 2014 35 166,568,219.77 0.968 0.981 0.261 0 2 1,264 848 December 2014 37 179.431,920.78 1.052 1.066 0.267 9 7 1.268 915 January 2015 36 186,653,300.48 1.049 1.063 0.262 1 2 1,269 898 February 2015 42 193,794,027,30 1.153 1.170 0.266 8 2 1,338 1,004 March 2015 42 203,229,327.76 1.194 1.210 0.278 1 1 1,390 1.022 April 2015 46 202,037,046.95 1.209 1.226 0.283 5 1 1,374 1,031 May 2015 45 218,277,154.90 1.162 1.179 0.290 2 3 1,297 959 Average 40 190,125,765.93 1.073% 1.088% 0.260 3 2 1,329 966 Portfolio CITY AP Run Date.07114C015-07,59 PM(PRF PM4)7.3.0 Report ver.7.3.3E City of HB Portfolio Management Page Interest Earnings Summary May 31, 2015 May 31 Month Ending Fiscal Year To Date CD/CoupordDiscount Investments: Interest Collected 126,250.00 1,171,646.19 Plus Accrued Interest at End of Period 608,D03.29 608,003.30 Less Accrued Interest at Beginning of Period ( 536,389.17) ( 480,314.88) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 197,864.12 1,299,336.61 Adjusted by Premiums and Discounts -11,388.85 -94,215.40 Adjusted by Capital Gains or Losses 0.00 16,210.74 Earnings during Periods 186,475.27 1,221,331.96 Pass Through Securities: Interest Collected 0.00 0,00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0,00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest.Collected 0.00 46,320.48 Plus Accrued Interest at End of Period 13,081.52 13,D81.52 Less Accrued Interest at Beginning of Period ( 7,370.27) ( 16,896.79) Interest Earned during Period 5,711.25 42.505.21 Total Interest Earned during Period 203,575.37 1,341,941.82 Total Adjustments from Premiums and Discounts -11,388.85 -94,215.40 Total Capital Gains or Losses 0.00 16,210.74 Total Earnings during Period 192,186.52 1,263,837.16 Portfolio CITY AP Run Dalo:07/14=16.OT.59 PM(PRF PM5)7.3.0 Rapoh Var.7.3.3b o����xvesbyFyr State of California b Pooled Money Investment Account d, Market Valuation 5/31/2015 Carrying Cost Plus Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury: Bills $ 11,981,807,123.41 $ 11,992,137,500.00 NA Notes $ 20,668,210,909.71 $ 20,681,961,500.00 $ 35,673,299.00 Federal Agency: SBA $ 573,153,104.69 $ 569,648,850.53 $ 508,522.97 MBS-REMICs $ 91,401,676.31 $ 97,981,866.55 $ 434,673.70 Debentures $ 1,934,400,444.34 $ 1,933,518,450,00 $ 3,621,398.04 Debentures FIR $ - $ - $ Discount Notes $ 4,942,190,909.66 $ 4,945,059,500.00 NA GNMA $ - $ - $ - Supranational Debentures $ 450,189,038.36 $ 450,661,000.00 $ 514,159.00 CDs and YCDs FIR $ - $ - $ - Bank Notes 1 600,000,000.00 $ 599,933,076.23 $ 422,722.22 CDs and YCDs $ 13,350,001,268.16 $ 13,346,934,875.06 $ 8,609,993.03 Commercial Paper $ 5,871,698,666.68 $ 5,872,809,381.95 NA Corporate: Bonds FIR $ $ $ Bonds $ $ $ Repurchase Agreements $ $ NA Reverse Repurchase $ $ $ Time De osits $ 5,394,540,000.00 $ 5,394,540,000.00 NA AB 55 &GF Loans $ 381,649,755.13 $ 381,649,755.13 NA TOTAL 1 $ 66,239,242,896.45 1 $ 66,266,835,754.45 1 $ 49,784,767.96 Fair Value Including Accrued Interest $ 66,316,620,522.41 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 May 2015 Cash Receipts and Disbursements April 2015 May 2015 Receipts Property Tax Receipts $19,036,415 $14,797,824 Utility Tax Receipts (UUT) 1,695,777 1.577,695 Sales Tax Receipts 1,646,500 2,195,200 1/2 Cent Safety Sales Tax Receipts 143,953 152,108 Highway Users Tax Receipts (HUT) 827,267 - Transient Occupancy Tax Receipts (TOT) 808,246 775,344 Government Funds 54,249 178,864 Capital Funds 170,323 248,785 Debt Service Funds - 1,984,905 Enterprise Funds 4,787,317 4,707,950 Fiduciary Funds 6,489,272 1,695,978 Internal Service Funds 507.497 755,876 Special Revenue Funds 3,696,451 2,610,466 All Other Receipts 4,403,931 4.990,380 Total Receipts $44,267,188 $36,671,376 Disbursements Total Disbursements (28,931,033) (25,396,086) Net Change in Cash Flow $15,336,165 $11,275,290 Summary of Cash by Fund April 2015 May 2015 General Fund 84,512,241 88,910,678 Government Funds 1,709,950 1,827,247 Capital Funds 15.949,138 14,963,781 Debt Service Funds - 9,560 Enterprise Funds 79,912,365 80,173,112 Fiduciary Funds 16,658,230 17,396,010 Internal Service Funds 8,100,061 8,564,262 Special Revenue Funds 25,424,224 26,207,768 General Ledger Cash Balances 232,266,209 238,052,417 `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 8 Disbursements May 2015.xisx 6126/2015 �WATING70 OQ ononrourra tie City of Huntington Beach x City of HB 2000 Main St. Huntington Beach, Portfolio Management F�ouNTvca�� Portfolio Summary June 30, 2015 Par Market Book %of Daysto YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 133,000,000.00 133,000,190.00 133,067,226.89 61.15 1,559 1,144 1.281 1.299 Loral Agency Investment Funds 46,317,060.13 46,317,080.13 46,317,080.13 21.28 1 1 0.295 0.299 Corporate Bonds 38,000,000.00 38,161,775.00 38,231,117.08 17.57 1,258 870 1.254 1.272 217,317,080.13 217,479,045.13 217,605,424.10 100.00% 1,175 863 1.067 1.081 Investments Cash and Accrued Interest Accrued Interest at Purchase 31,945.83 31.945.83 Subtotal 31,945.83 31,945.83 Total Cash and Investments 217,317,080.13 217,510,990.96 217,637,369.93 1,175 853 1.067 1.081 Total Earnings June 30 Month Ending Fiscal Year To Data Fiscal Year Ending Current Year 180.651.67 1,444,488.83 Current Budget 100,000.00 900,000.00 1,200,000.00 Last Year Actual 130,492.00 1,D69,299.00 1,479,308.00 Average Daily Balance 221,977,102.78 193,371,277.56 Effective Rate of Return 0.99% 1.000/6 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 February 3,2014. A copy of this poll available at th,pouffiqe of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next sec month's obligations. Market Values provided by Union Bank a Int ra ive Dat oleo tion. ^ - , /� ' C Ali utchen,CITY TREASURER Reporting period 0 610112 01 5-0 613 012 01 5 Portfolio CITY AP Run Date:07/141201 5-08:01 PM IPRF PMI)7.3.0 Report ver.7.3.3b City of HB Portfolio Management Page 1 Portfolio Details - Investments June 30, 2015 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 3133EEA42 4058 Federal Farm Credit Bank 04232015 5,000,000.00 4.983,500.00 5.000.000.00 1.090 AA 1.090 1,027 15412312018 3133EETEO 4060 Federal Farm Credit Bank W17/2015 5,01)0,000.00 5,018,500.00 5,034,798.04 1.125 AA 0.863 985 03/12/2018 313381 M44 3953 Federal Home Loan Bank 12/282012 5,000,000.00 5,005,700.00 5,000.000.00 0.650 AA 0.650 546 12/28/2016 313OA3PA6 4020 Federal Home Loan Bank 12130/2014 5,000,000.00 5,019,550.00 5.000.000.00 1.650 AA 1.892 1.643 12/30/2019 313DA3KFO 4021 Federal Home Loan Bank 12A82014 5.000,000.00 5,010,450.00 4,997,768.06 1.500 AA 2.112 1,631 12/18/2019 313OA3TA2 4038 Federal Home Loan Bank 12/30/2014 5,000,00.00 5,020,050.00 4,998.948.99 1.000 AA 1.010 776 08/15/2017 313DA3YL2 4040 Federal Home Loan Bank 02/20/2015 5,000,000.00 5.000.300.00 5,000,000.00 1.000 AA 2.356 1,695 02/20/2020 313378A43 4048 Federal Home Loan Bank 02/2012015 5,000,000.00 5,D43,500.00 5,036,244.95 1.375 AA 1.100 982 03/09/2018 313DA4VE9 4055 Federal Home Loan Bank 04/27/2015 5.000,000.00 4,989,400.00 5,000,000.00 1.050 AA 1.050 1,031 04/27/2018 3130A5FYO 4070 Federal Home Loan Bank 06/30/2015 6.000,000.00 4.989.700-00 5,000,000.OD 2.050 AA 2.050 1,826 06/3D/2020 313OA5MD8 4074 Federal Home Loan Bank 06/24/2015 5,OD0,000.00 5,001,650.00 6,000,000.00 1.000 AA 1.743 1,454 06Y1412019 3134G3590 3940 Federal Home Loan Mort Corp OW1512012 5,000.000.00 5,001,200.00 5,000,000.00 0.876 AA 0.875 776 0 811 51201 7 3134G3394 3952 Federal Home Loan Mort Corp 01/11/2013 5 000,000.OD 4.971,850.00 5,000,000-00 1.000 AA 1.000 925 01/112018 3134G55T8 4011 Federal Home Loan Mort Corp 06/12/2014 5,000,00D.00 5.004,550.00 5.000.000.00 0.700 AA 0.700 630 12/122016 3134G6AU7 4D41 Federal Home Loan Mort Corp 02/20/2015 6,000,000.00 4,981.850.00 5.000,000-00 1.400 AA 1.400 1,146 08/202018 3134G6NQ2 4054 Federal Home Loan Mort Corp 04/172016 5,000,00D.01) 4.989.100.00 5.000.000.00 1.250 AA 2,131 1,762 O4/172020 3134G6VP5 4059 Federal Home Loan Mort Corp 04272015 5.000,000.00 4,982,460,00 4.999,764.81 1.050 AA 1.052 1,031 D4272018 3135GORK1 3945 Fed.Nan Mort.Assoc. 11/072012 5,000.000.00 4.970,750.00 5,000,000.00 0.900 AA 0,900 860 11/072017 3136G07K1 3947 Fed,Nan Mort.Assoc. 12/072012 5000,000.00 5,000,450.00 5,000,000.00 0.700 AA 1.002 889 1210MO17 3136G17E3 3950 Fed.Nan Mort.Assoc. 1226/2012 5,000,000.00 5,000,050.00 5.000.000.00 0.700 AA 1.042 909 122612017 3136G1A66 3961 Fed.Nat'l Mort.Assoc. 12262012 S.000,ODO.00 5.003,850.00 5,OD0,000.00 0.750 AA 1.053 909 12262017 3136G1AY5 3955 Fed.Nat'l Mort.Assoc. 01/302013 5,000.000.00 6.002.250.00 5,00,000.00 0.750 AA 1.076 944 011302018 3136GIEPO 3964 Fed.Nan Mart.Assoc. 0311=013 5.000.000.00 5,003.400.00 5.000,000.00 1.100 AA 1.100 985 03/122018 3136G1N61 3979 Fed.Natl Mart.Assoc. 06/192013 5,000,000.00 4,993.200.00 4,989,702.04 0.800 AA 0.907 719 06/192017 3136G2D95 4042 Fed.Netl Mort.Assoc. 02/192015 5,000.000.00 5,002,400.00 5,000,000.00 1.000 AA 2.081 1,694 02M92020 3136G2EE3 4043 Fed.Net]Mort.Assoc. 02272015 5.000,000.00 5,008.050.00 5,000,000m 1.125 AA 1.125 1.702 02272020 3136G21(30 4065 Fed.Natl Mort.Assoc. 05272015 3.000,000.00 3,002,490.OD 3.000.000.00 2.000 AA 2.000 1,792 05272020 Subtotal and Average 140,556.942.75 133,000,000.00 133,000,190.00 133,067.226.89 1.299 1,144 Loral Agency Investment Funds SYS982 982 Lau City 46,317.080.13 46,317,080.13 46,317,080.13 0.299 0.299 1 Subtotal and Average 41,317,080.13 46,317,080.13 46,317,080A3 46,317,080.13 0299 1 Corporate Bonds 037833AJ9 3976 Apple Inc. 05282013 3,000,000.00 2,969,670.00 2,987,563.27 1.000 AA 1.151 1,037 05/0312018 14912LSP2 4024 Caterpillar Financial Corp. 121102014 3,000,000.00 2,992,260.00 2,980,155.04 1.300 A 1.555 974 D31012018 Portfolio CITY AP Rum once:07n42015-08:01 PM(PRF Pn2)7.3.0 Room Ver.7.3.3b City of HB Portfolio Management Payee Portfolio Details - Investments June 30, 2015 Average Purchase Stated YTM Daysto Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Corporate Bonds 166764AA8 4044 Chevron Corp 02/09/2015 3,000,000.00 2.987.160.00 3,007,225.98 1.104 AA 1.003 B88 12/052017 36962G5WO 3994 General Electric Capital Corp 12M62013 5,000,0DO.00 5,097,650.00 5,089,687.93 2.300 AAA 1.291 666 04272017 36962G6K5 4007 General Electric Capital Corp 05/122014 2,500,000.00 2,515,450.00 2,515,090.08 1.600 AA 1.340 873 11202017 36962G6W9 4036 General Electric Capital Corp 12/192014 2,000,000.00 2,005,820.00 2,OD9,812.83 1.625 AA 1.442 1,006 04/022018 191216BA7 4049 Coca Cola Co 02242015 2,500,000.00 2,486,875.00 2,492,754.48 1.150 AA 1.258 1,005 04/01=18 58933YAC9 4045 Merck&Co Inc 02/092015 2,000,000.00 1,996,160.00 2,002,012.40 1.100 AA 1.089 945 0113IM18 68389XAQS 4071 Oracle Corp 05262015 3,000,000.00 3,044,580.00 3,066,045.56 2.375 AA 1.731 1,294 01/152019 674599CB9 3977 Oocidental Petroleum 05282013 3,000,000.00 3.027.180.00 3,032,864.74 1,750 A 1.059 595 02/152017 89233P7E0 4023 Toyota Motor Credit 12/102014 3,000,000.00 3,001,770.00 2,991,01.35 1.375 AA 1.491 924 01/1D2018 89236TAY1 4039 Toyota Motor Credit 01262015 3,000,000.00 3,027,690.00 3.048.109.41 2.000 AA 1.500 1,211 10/242018 931142CX9 3943 Wal-Mart Stores 08/14/2012 3,000,000.OD 3,009,510.00 3,008,394.01 1.500 AA 0.606 116 10/25/2015 Subtotal and Average 40,103,079.89 38,000,000.00 38,161,776.00 38,231,117.08 1.272 870 Total and Average 221,977,102.78 217,317,080.13 217,479,04&13 217,605,424.10 1.081 853 Portfolio CITY AP Run Date:071142016-09.D1 PM IPRP PM2j 7.3.0 City of HB Portfolio Management Page Portfolio Details -Cash June 30, 2015 Average Purchase Stated YTM Daysto CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 31,945.83 31,945.83 0. Subtotal 31.945.83 31,945.83 Total Cash and Investments 221,977,102.78 217,317,080.13 217,510,990.96 217,637,369.93 1.081 853 Portfolio CITY AP Run Dale:07114=15-08:01 PM(PRF PM2)7.3.0 City of HB Portfolio Management Pagel Activity Summary June 2014 through June 2015 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 2014 42 189.731,088.09 0.984 0.997 0.228 3 2 1.298 979 July 2014 40 193,802,929.47 0.978 0.992 0.244 0 2 1,298 946 August 2014 41 187,498.755.91 1.028 1.042 0.260 2 1 1,327 960 September 2014 41 187.916,562.38 1.083 1.098 0.246 0 0 1.424 1.002 October 2014 37 168,752.003.21 1.126 1.142 0.261 0 4 1,450 1,023 November 2014 35 166,568,219.77 0.968 0.981 0.261 0 2 1,264 848 December 2014 37 179,431,920.78 1.052 1.065 0.267 9 7 1,268 915 January 2015 36 186.653,300.48 1.049 1.063 0.262 1 2 1.269 898 February 2015 42 193,794,027.30 1.153 1.170 0.266 8 2 1,338 1,004 March 2015 42 203,229,327.76 1.194 1.210 0.278 1 1 1.390 1,022 April 2015 46 202,037.046.95 1.209 1.226 0.283 5 1 1,374 1,031 May 2015 45 218,277.154.90 1.162 1.179 0.290 2 3 1.297 959 June 2015 41 221.977.102.78 1.067 1.081 0.299 2 6 1,175 853 Average 40 192,253,520.33 1.081% 1.096% 0.265 3 3 1,321 957 Portfolio CITY AP Run Date:07/1412015-08:01 PM(PRF_PM4)7.3.0 Report Ver.7.3.3b City of HB Portfolio Management Page 1 Activity By Type June 1, 2015 through June 30, 2015 stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 313OA2AH9 4013 Federal Home Loan Bank 1.500 06/26/2015 0.00 4.998 700.00 313DA3KU7 4022 Federal Home Loan Bank 1.625 06/12/2015 0.00 5,000,000.00 313OA4EQ7 4051 Federal Home Loan Bank 2.050 06/12/2015 0.00 5.000.000.00 3130A6FYO 4070 Federal Home Loan Bank 2.050 06/30/2015 5,000,000.00 0.00 3130A5MDS 4074 Federal Home Loan Bank 1.000 06/24/2015 5,000,000.00 0.00 3134G47G7 3980 Federal Home Loan Mort Corp 1.400 06/26/2015 0.00 5,000,000.00 3134G51,152 4037 Federal Home Loan Mort Corp 1.70D 06/26/2015 0.00 5,000,000.00 Subtotal 10,600,000.00 24,998,700.00 133,067,226M Local Agency Investment Funds (Monthly Summary) SYS982 982 Law 04 0.299 15,000,000.00 0.00 Subtotal 16,000,000.00 0.00 46,317,080.13 Corporate Bonds 24422ERSO 3948 John Deere Capital 0.950 06129/2015 0.00 2,000,000.01) Subtotal 0.00 2.000.000.00 38,231,117.08 Total 25,000,000.00 26,998,700.00 217,605,424.10 Portfolio CITY AP Run Date:07/1412015-OBD1 PM(PRF PM3)7.3.0 RaW Ver.7.3.3b City of HB Portfolio Management Page Interest Earnings Summary June 30, 2015 June 30 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 383,922.00 1,555,570.19 Plus Accrued Interest at End of Period 405,926.70 405,926.71 Less Accrued Interest at Beginning of Period ( 608.003.29) ( 480,314.88) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 181.845.41 1,481,182.02 Adjusted by Premiums and Discounts -12,647.55 -106,862.95 Adjusted by Capital Gains or Losses 1,300.00 17,510.74 Earnings during Periods 170.497.86 1,391,829.81 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 CasWChecking Accounts: Interest Collected 0.00 46,320.48 Plus Accrued Interest at End of Period 23,235.33 23,235.33 Less Accrued Interest at Beginning of Period ( 13,081.52) ( 16,896.79) Interest Earned during Period 10,163.81 52,659.02 Total Interest Earned during Period 191,999.22 1,533,841.04 Total Adjustments from Premiums and Discounts -12,647.55 -106,862.95 Total Capital Gains or Losses 1,300.00 17,510.74 Total Earnings during Period 180,651.67 1,444,488.83 Portfolio CITY AP Run Dam:0711V2015-08:01 PM(PRF PM6)7.3.0 Repoli Ver.7.3.3b �'N IINUto City of Huntington Beach City of HB 2000 Main St. Huntington Beach, 9 e` Activity Report ry�F �oP Sorted By Issuer C°UN June 1, 2015 -June 30, 2015 Parvalue Par Value Percent Beginning Current Transaction Purchases or Redemptions or Ending CUSIP Investment# Issuer of Portfolio Balance Rate Date Deposits Withdrawals Balance Issuer:Apple Inc. Corporate Bonds Subtotal and Balance 3,000,000.00 3,000,000.00 Issuer Subtotal 1.380% 3,000,000.00 0.00 0.00 3,000,000.00 Issuer: Caterpillar Financial Corp. Corporate Bonds Subtotal and Balance 3,000,000.00 3,000,000.00 Issuer Subtotal 1.3801/6 3,000,000.00 0.00 0.00 3,000,000.00 Issuer:Chevron Corp Corporate Bonds Subtotal and Balance 3,000,000.00 3,000,000.00 Issuer Subtotal 1.380% 3,000,000.00 0.00 0.00 3,000,000.00 Issuer: Federal Farm Credit Bank Federal Agency Issues-Coupon Subtotal and Balance 10,000,000.00 10,000,000.00 Issuer Subtotal 4.602% 10,000,000.00 0.00 0.00 10,000,000.00 Issuer. Federal Home Loan Bank Federal Agency Issues-Coupon 3130A2AH9 4013 Federal Home Loan Bank 1.600 06/26/2015 0.00 5,000,000.00 3130A3KU7 4022 Federal Home Loan Bank 1.625 06/12/2015 0.00 5,000,000.00 3130A4EQ1 4051 Federal Home Loan Bank 2.050 06/12/2016 0.00 6,000,000.00 3130ASFYO 4070 Federal Home Loan Bank 2.050 06/30/2016 5,000,000.00 0.00 3130ASMOS 4074 Federal Home Loan Bank 1.000 06/24=15 5,000,000.00 0.00 Portfolio CITY AP Run Data:07M57015-10:38 DA(PRF_DA)72.0 Report Ver.7.3.3b City of HB Activity Report Page 2 June 1,2015-June 30,2015 Par Value Par Value Percent Beginning Current Transaction Purchases or Redemptions or Ending CUSIP Investment# Issuer of Portfolio Balance Rate Date Deposits Withdrawals Balance Subtotal and Balance 60,000,000.00 10,000,000.00 15,000,000.00 45,000,000.00 Issuer Subtotal 20.707% 50,000,000.00 10,000,000.00 15,000,000.00 45,000,000.00 Issuer: Federal Home Loan Mort Corp Federal Agency Issues-Coupon 3134G47G7 3980 Federal Home Loan Mort Corp 1.400 0626=15 0.00 5,000,000.00 3134GSUS2 4037 Federal Home Loan Mort Corp 1.700 06261201E 0.00 5,000,000.00 Subtotal and Balance 40,000,000.00 0.00 10,000,000.00 30,000,000.00 Issuer Subtotal 13.805% 40,000,000.00 0.00 10,000,000.00 30,000,000.00 Issuer: Fed. Nat'l Mort.Assoc. Federal Agency Issues-Coupon Subtotal and Balance 48,000,000.00 48,000,000.00 Issuer Subtotal 22.0881/e 48,000,000.00 0.00 0.00 48,000,000.00 Issuer: General Electric Capital Corp Corporate Bonds Subtotal and Balance 9,600,000.00 9,500,000.00 Issuer Subtotal 4.371% 9,60,000.00 0.00 0.00 9,600,000.00 Issuer:John Deere Capital Corporate Bonds 24422ERSO 3948 John Deere Capital 0.950 06292015 0.00 2,000,000.00 Subtotal and Balance 2,000,000.00 0.00 2,000,000.00 0.00 Issuer Subtotal 0.000% 2,000,000.00 0.00 2,000,000.00 0.00 Issuer:Coca Cola Co Corporate Bonds Subtotal and Balance 2,600,000.00 2,500,000.00 Issuer Subtotal 1.150% 2,S00,000.00 0.00 0.00 2,500,000.00 Portfolio CITY AP Run Date:071162015-1 0:38 DA(PRF_DA}7.2.0 Report Ver.7.3.31, City of HB Activity Report Page 3 June 1,2015-June 30,2015 Par Value Par Value Percent Beginning Current Transaction Purchases or Redemptions or Ending CUSIP Investment# Issuer of Portfolio Balance Rate Date Deposits Wnhdavrals Balance Issuer: Laif City Local Agency Investment Funds SYS982 982 Laif Cf 0.299 15,000,000.00 0.00 Subtotal and Balance 31,317,080.13 15,000,000.00 0.00 46,317,080.13 Issuer Subtotal 21.313% 31,317,080.13 15,000,000.00 0.00 46,317,080.13 Issuer: Merck&Co Inc Corporate Bonds Subtotal and Balance 2,000,000.00 2,000,000.00 Issuer Subtotal 0.920% 2,000,000.00 0.00 0.00 2,000,000.00 Issuer:Oracle Corp Corporate Bonds Subtotal and Balance 3,000,000.00 3,000,000.00 Issuer Subtotal 1.380% 3,000,000.00 0.00 0.00 3,000,000.00 Issuer: Occidental Petroleum Corporate Bonds Subtotal and Balance 3,000,000.00 3,000,000.00 Issuer Subtotal 1.380% 3,000,000.00 0.00 0.00 3,000,000.00 Issuer:Toyota Motor Credit Corporate Bonds Subtotal and Balance 6,000,000.00 6.000.000.00 Issuer Subtotal 2.7611/6 6,000,000.00 0.00 0.00 61000,000.00 Issuer.Wal-Mart Stores Corporate Bonds Portfolio CITY AP Run Dale:07/l W2015-10:38 DA(PRF_DA)7.2.0 Report Vac 7.3.3b City of HB Activity Report Page 4 June 1,2015-June 30,2015 Par Value Par Value Percent Beginning Current Transaction Purchases or Redemptions or Ending CUSIP Investment# Issuer of Portfolio Balance Rate Date Deposits Withdrawals Balance Subtotal and Balance 3,000,000.00 3,000,000.00 Issuer Subtotal 1.380% 3,000,000.00 0.00 0.00 3,000,000.00 Total 100,000% 219,317,080.13 25,000,000.00 27,000,000.00 217,317,080.13 Portfolio CITY AP Run Data:07/1612015-10:38 DA(PRF_DA)7.2.0 Repots Ve..7.3.3b �pHTING)G� F uwy 4a City of Huntington Beach z City of HB 2000 Main St. =o i Activity Report Huntington Beach, Sorted By Issuer �obNrvtP� April 1, 2015 -June 30, 2015 Par Value Par Value Percent Beginning Current Transaction Purchases or Redemptions or Ending CUSIP Investment4 Issuer or Portfolio Balance Rate Date Deposits Withdrawals Balance Issuer:Apple Inc. Corporate Bonds Subtotal and Balance 3,000,000.00 3,000,000.00 Issuer Subtotal 1.380% 3,000,000.00 0.00 0.00 3,000,000.00 Issuer: Caterpillar Financial Corp. Corporate Bonds Subtotal and Balance 3,000,000.00 3,000,000.00 Issuor Subtotal 1.380% 3,000,000.00 0.00 0.00 3,000,000.00 Issuer:Chevron Corp Corporate Bonds Subtotal and Balance 3,000,000.00 3,000,000.00 Issuer Subtotal 1.380% 3,000,000.00 0.00 0.00 3,000,000.00 Issuer: Federal Farm Credit Bank Federal Agency Issues-Coupon 3133EEA42 4058 Federal Farm Credit Bank 1.D90 04/23/2015 5,000,000.00 0.00 3133EETEO 4060 Federal Farm Credit Bank 1.125 04/17/2015 5,000,000.00 0.00 Subtotal and Balance 0.00 10,000,000.00 0.00 10,000,000.00 Issuer Subtotal 4.602% 0.00 10,000,000.00 0.00 10,000,000.00 Issuer. Federal Home Loan Bank Federal Agency Issues-Coupon 3130A2AH9 4013 Federal Home Loan Bank 1.500 06/26/2015 0.00 5,000,000.00 3130A2TG1 4017 Federal Home Loan Bank 1.500 05/27/2015 0.00 5,000,000.00 3130A3KU7 4022 Federal Home Loan Bank 1.625 06/12/2015 0.00 5,000,000.00 Portfolio CITY AP Run Date:07/154015-1039 DA(PRP_DA)7.2.0 Report Vor.7.3.3b City of HS Activity Report Page 2 April 1,2015-June 30,2015 Par Value Par Value Percent Beginning Current Transaction Purchases or Redemptions or Ending CUSIP Investment Issuer of Portfolio Balance Rate Date Deposits Withdrawals Baance Issuer: Federal Home Loan Bank Federal Agency Issues-Coupon 313OA4EQ1 4051 Federal Home Loan Bank 2.050 OU121201S 0.00 5,000,000.DO 3130A4VE9 4055 Federal Home Loan Bank 1.050 OW27/2015 5,000,000.00 0.00 3130ASFYO 4070 Federal Home Loan Bank 2.050 O6/30/2015 5,000,000.00 0.00 3130ASMD8 4074 Federal Home Loan Bank 1.000 06/24/2015 S000,000.00 0.00 Subtotal and Balance 50,000,000.00 15,000,000.00 20,000,000.00 45,000,000.00 Issuer subtotal 20.707/e 50,000,000.00 15,000,000.00 20,000,000.00 45,000,000.00 Issuer:Federal Home Loan Mort Corp Federal Agency Issues-Coupon 3134G47G7 3980 Federal Home Loan Men Corp 1.400 061261201E 0.00 5,000,000.00 3134GSSH4 4010 Federal Home Loan Mort Corp 1.625 0512812015 0.00 6,000,000.00 3134GSU52 4037 Federal Home Loan Mort Corp 1.700 06/26/2015 0.00 5,000,000.00 3134G6NQ2 4064 Federal Home Loan Mort Corp 1250 D4/17/2015 5,000,000.00 0.00 3134G6VP5 4059 Federal Home Loan Mort Corp 1.050 D412712015 5,000,000.00 0.00 Subtotal and Balance 35,000,000.00 10,000,000.00 15,000,000.00 30,000,000.00 Issuer Subtotal 13.806% 35,000,000.00 10,000,000.00 16,000,000.00 30,000,000.00 Issuer:Fed.NaYI MorL Assoc. Federal Agency Issues-Coupon 3136G1CJS 3957 Fed.Nan Mort.Assoc. 0,750 05212015 0.00 5,000,000,00 3136GOYAS 3978 Fed.Nan Mort Assoc. 0.750 041022015 0.00 5,000,000.00 3136G2K30 4065 Fed.Nan Mort.Assoc. 2.000 05272015 3,000,000.00 0.00 Subtotal and Balance 55,000,000.00 3,000,000.00 10,000,000.00 43,000,000.00 Issuer Subtotal 22.088% 55,000,000.00 3,000,000.00 10,000,000.00 48,000,000.00 Issuer: General Electric Capital Corp Corporate Bonds Subtotal and Balance 9.500.000.00 9,500,000.00 Issuer Subtotal 4.371% 9,500,000.00 0.00 0.00 9,500,000.00 Portfolio CITY AP Run Data:07n WO15-io:39 DA(PRF_DA)7.20 Report Vet.7.3.3E City of His Activity Report Page 3 April 1,2015-June 30,2015 Par Value Par Value Percent Beginning Current Transaction Purchases or Redemptions or Ending CUSIP Investment# Issuer of Portfolio Balance Rate Date Deposits Withdrawals Balance Issuer:John Deere Capital Corporate Bonds 24422ERSO 3948 John Deere Capital 0.950 06/29/2015 0.00 2,000,000.00 Subtotal and Balance 2,000,000.00 0.00 21000,000.00 0.00 Issuer Subtotal 0.000% 2,000,000.00 0.00 2,000,000.00 0.00 Issuer:Coca Cola Co Corporate Bonds Subtotal and Balance 2,500,000.00 2,500,000.00 Issuer Subtotal 1.150% 2,600,000.00 0.00 0.00 2,500,000.00 Issuer: Laif City Local Agency Investment Funds SYS982 982 Lad City 0.299 24,018,718.66 0.00 Subtotal and Balance 22,298,361.47 24.018.718.66 0.00 46,317,080.13 Issuer Subtotal 21313% 22,298,361.47 24,018,718.66 0.00 46,317,080.13 Issuer: Merck&Co Inc Corporate Bonds Subtotal and Balance 2,000,000.00 2,000,000.00 Issuer Subtotal 0.920% 2,000,000.00 0.00 0.00 2,000,000.00 Issuer:Oracle Corp Corporate Bonds 68389XA08 4071 Oracle Corp 2.375 05/26/2015 3,000,000.00 0.00 Subtotal and Balance 0.00 3,000,000.00 0.00 3,000,000.00 Issuer Subtotal 1.380% 0.00 3,000,000.00 0.00 3,000,000.00 Issuer:Occidental Petroleum Portfolio CITY AP Run Date:07/18 15.10:39 DA(PRF DA)7.2.0 Roper Ver.7.3.31, City of HB Activity Report Page 4 April 1,2015-June 30,2015 Par Value Par Value _ Percent Beginning Current Transaction Purchases or Redemptions or Ending CUSIP InvestmentV Issuer of Portfolio Balance Rate Date Deposits Withdrawals Balance Issuer: Occidental Petroleum Corporate Bonds Subtotal and Balance 3,000,000.00 3,000,000.00 Issuer Subtotal 1.330% 3,000,000.00 0.00 0.00 3,000,000.00 Issuer:Toyota Motor Credit Corporate Bonds Subtotal and Balance 6,000,000.00 6,000,000.00 Issuer Subtotal 2.761% 6,000,000.00 0.00 0.00 6,000,000.00 Issuer:Wal-Mart Stores Corporate Bonds Subtotal and Balance 3,000,000.00 3,000,000.00 Issuer Subtotal 1.380% 3,000,000.00 0.00 0.00 3,000,000.00 Total 100.000% 199,298,361,17 65,018,718.66 47,000,000.00 217,317,080.13 Portfolio CITY AP Run Date:07/15=15.10:39 DA(PRP_DA)7.2.0 Report Vor.7.3.3b .O\NVFSr State of California O F1P W Pooled Money Investment Account Market Valuation " 6/30/2015 Carrying Cost Plus Description Accrued Interest Purch. Amortized Cost Fair Value Accrued Interest United States Treasury. Bills $ 12 478 798 026.25 $ 12,486,334,849.86 $ 12,490,802 500.00 NA Notes $ 20,558,752,232.85 $ 20,555,536,741.39 $ 20,580,129,600.00 $ 21,455,182.50 Federal Agency: SBA $ 585671,321.30 $ 585,666,243.58 $ 581,898,249.19 $ 515,761.93 MBS-REMICs $ 88,086,151.74 $ 88,086,151.74 $ 94,368,771.34 $ 419,094.47 Debentures $ 1,356,989,977.45 $ 1,356,980,116.34 $ 1,357,742,600.00 $ 3,825,064.96 Debentures FR $ $ - $ - $ Discount Notes $ 6,937,478,493.01 $ 6,939,792,520.75 $ 6,941,176,500.00 NA GNMA $ - $ $ - $ Su ranalional Debenture $ 450,178,265.15 $ 450,178,265.15 $ 450,788,000.00 $ 759,031.50 CDs and YCDs FR $ - $ $ _ $ Bank Notes $ 700,000,000.00 $ 700,000,000.00 $ 699,897,195.93 $ 433,666.67 CDs and YCDs $ 14,650,014,748.62 $ 14,650,014,748.62 $ 14,642,625,872.59 $ 4,376,027.76 Commercial Paper $ 5,921,030,472.27 $ 5,922,910 944.52 $ 6,922,245,201.40 NA Corporate: Bonds FR $ $ - $ $ _ Bonds $ $ $ - $ Repurchase Agreements $ - $ $ $ _ Reverse Repurchase $ - $ $ $ Time Deposits $ 5,437,540,000.00 $ 6,437,540,000.00 $ 5,437,540,000.00 NA AB 55&GF Loans $ 441,948,027.07 $ 441,948,027.07 $ 441,948,027.07 NA TOTAL $ 69,606,487,715.71 $ 69,6'14,988,609.02 $ 69,641,162,417.52 $ 31.782.829.79 Fair Value Including Accrued Interest $ 69,672,945,247.31 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(1.000375979). 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$20,007,519.59 or$20,000,000.00 x 1.000375979. Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Finance Department June 2016 Cash Receipts and Disbursements May 2015 June 2015 Receipts Property Tax Receipts $14,797,824 $1,409,952 Utility Tax Receipts (UUT) 1,577,695 1,482,685 Sales Tax Receipts 2.195,200 2,672,877 1/2 Cent Safety Sales Tax Receipts 152.108 212,320 Highway Users Tax Receipts (HUT) - 1,001,910 Transient Occupancy Tax Receipts (TOT) 775,344 739,338 Government Funds 178,864 178,517 Capital Funds 248,785 115,130 Debt Service Funds 1,984,905 - Enterprise Funds 4,707,950 5,269,847 Fiduciary Funds 1,695,978 5,397,413 Internal Service Funds 755,876 511,875 Special Revenue Funds 2,610,466 3,554,194 All Other Receipts 4,990,380 6,299,756 Total Receipts $36,671,376 $28,745,815 Disbursements Total Disbursements (25,396,086) (25,687,256) Net Change in Cash Flow $11,275,290 $3,058,559 Summary of Cash by Fund May 2015 June 2016 General Fund 88,910,678 86,268,121 Government Funds 1,827,247 1,941,956 Capital Funds 14,963,781 14,309,699 Debt Service Funds 9,560 9,560 Enterprise Funds 80,173,112 82,251,496 Fiduciary Funds 17,396,010 18,834,820 Internal Service Funds 8,564,262 8,483,475 Special Revenue Funds 26,207,768 27,352,147 General Ledger Cash Balances 238,052,417 239,451,274 ` 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 2015.xlsx 7/1 312 01 5 City of Huntington Beach City Treasurer's Report Period Ending:June 30, 2015 Alisa Cutchen, CCMT, CPFIM C i ty Tre as u re r City Treasurer's Mission : Preservation and Return of Investments Portfolio governed by: • California State Regulations • City's Investment Policy — Certified by California Municipal Treasurers Association CityTreasurer's Mission : Preservation and Return of Investments Goal: Own Legal AND Suitable Investments to meet the objectives: Safety of Principal • Adequate Liquidity • Market Rate of Return In this absolute order of priority CityTreasurer's Mission : Preservation and Return of Investments Frequently Utilized Investments: • U.S. Federal Agency Issues • Corporate Notes/Bonds • LAIF (CA State Pool) High:Interest RateVolatility: 2-year Treasury Yield : June 2013-june 2015 1 on ■ Mid Price D.639 i ------------ --- ----- ------...- -- .7 T High an 12J23/14 0.741 Average D.462 ' , 1 Law on 11J21/13 0.272 i I Sep Dec Mar Tun Sep Clec Mar Tun 2D13 � 2D14 � 2D15 CT02 C�ovf {l15 TREASURY N/6) Gaily 147t1L20 7 3-14311L2015 Copyright® 2015 eloornberg Finance LP. 14-au1-2015 11:44:4'9 • 1 on - 1 1 1 0 Portfolio Overview . Investment Summary a 0 a $ in millions: % of Investment T e Market Value Book Value Portfolio Policy Limit Federal Agency Issues $ 133.00 $ 133.06 61 % None Local Agency Investment Fund (LAIF $ 46.32 $ 46.32 21 % $50 million Corporate Bonds $ 38.16 $ 38.23 18% 20% Total Portfolio $ 217.48 $ 217.61 100% 0 7 Portfolio Overvie Investments by Type a By BookValue: Corporate Bonds 18% Federal Agencies 61%/ '1 Local Agency Investment Funds -- _- 21% o Portfolio Overview: `j Historical BookValue a 0 May 2014 - June 2015 - $ in millions $250 $219.6$219.6 $204.5 $2 $200 $196.4 $199.5 $178.3 $175.4$187.7 $184.5 $165.4 $150 $100 $50 $0 &`o�� As of June 30, 2015 Month Ending : Total Earnings June 30, 2015 Fiscal YTD Current Year $ 1805652 $ 154445489 Current Budget $ 1005000 $ 9005000 Last Year Actual $ 1305492 $ 150695299 Effective Rate of Return 0.99% 1 .00% Benchmark* 0.43% " Benchmark: The average of the monthly LAIF rate and the 12-month rolling average 2-year Constant Maturity Treasury (CMT) rate, per Investment Policy Statement n n n 0 n n n 0 n n 0 n n n n n 0 n n n 0 n n n 0 n n n 0 n n n 0 n n n 0 n n n 0 n n n 0 n 7� Dept. ID CT 15-005 Page 1 of 1 Meeting Date: 5/4/2015 CITY OF HUNTINGTON BEACH REQUEST FOR. CITY COUNCIL ACTION MEETING DATE: 5/4/2015 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 2015 Quarterly Investment Summary Report Statement of Issue: Receive and File the City Treasurer's Quarterly Investment Report for March 2015, 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 March 2015, 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: Strengthen economic and financial sustainability Attachment(s): 1. Treasurer's Quarterly Investment Report for March 2015 2. Treasurer's PowerPoint Presentation for March 2015 HB -1 1_ Item 1. - 1 ,f,5t tlkk'6a: City Huntington Treasurer's Investment Report QuarterEnding: March 31, 2015 Prepared b . ,Alisa Cutchen, CCMT CPFl - city Treasurer 1 ) Page Item 1. - 2 HB -12- Economic and Market Overview: For the quarter ending March 31, 2015;- U.S. economic data was mostly solid. Fourth-quarter 2014 GDP growth was confirmed at 2.2%, unchanged from the earlier estimate. Employers added 295,000 new jobs in February, and the unemployment rate fell to 5.5%. A steep drop in gasoline prices helped buoy consumer confidence, and consumer spending rose in February for the first time in three months, a lull that was largely blamed on harsh winter weather. But the Institute for Supply Management's purchasing managers index showed that manufacturing activity, while still in expansion mode, hit a 14-month low of 51.5 in March, with a labor slowdown at West Coast ports blamed in part for the drop. In her semiannual testimony before the Senate Banking Committee in February, Fed Chair Janet Yellen said a rise in interest rates would be considered on a "meeting-by- meeting" basis, citing sluggish wage growth and low inflation as concerns. Yellen reiterated in March that the central bank would proceed slowly in hiking rates. Bonds rallied, with investors favoring U.S. issues for their relative value as yields in Europe and Japan hit record lows. The Barclays U.S. Aggregate Index rose 1.6%. The yield on the benchmark 1 0-year Treasury note declined 25 basis points to 1.92%. Though inflation remained weak, Treasury Inflation Protected Securities notched a 1.4% gain. Corporates advanced 2.3% and spreads to Treasuries were largely unmoved at 129 basis points. Source: Capital Group Review: hftps://www,thecai)italoroup.com/us/ins 2015.html 2 1 P a g e HB -13- Item 1. - 3 Portfolio Overview: As of March 31, 2015: %Of YTIVI Investment Type Market Value Book Value Portfolio 365-dayPolity Limit Federal Agency Issues 140,106,900 140,023,099 70% 1.37% None Local Agency Investment Fund(LAIF) 22,298,361 22,298,361 11% 0,27% $50 million Corporate Bonds 37,279,565. 37,193,483 19% 1.19% 20% Total Portfolio 199,684,826 199,514,943 100% 1.21ro As of March 31, 2015 the market value of the City's investment portfolio was $199.7 million, with a book value of $199.5 million. 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. Book Value History $in millions $250 - $196.4 1g9n6.4 Ti . $196.4 .$204.6 $200 914 — $191.4 M $199.5 $18819 $187.7 $1845 $178.3 $175.4 R .......... ON $100 G ,No $50 OWN $o A ,A SY 13�1 4, 'te v 0 0 ION ION", 4111* The book value of the portfolio at March 31, 2015 remains within historical norms. 3 Page Item 1. - 4 HB -14- Portfolio Composition: Book Value by Invest rentType 1 % Corporate Bonds s„ 11% LAIF.< �-; 70% Federal. Agencies Currently, City funds are invested in federal agency securities, corporate bonds and the State of California's pooled account, the 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 Lean Mortgage Corporation (FHLMC/Freddie Mac)', Federal National Mortgage Association (FNMA/Fannie Mae) and Federal Farris Credit Bank (FFCB/Farm Credit). Corporate bonds (or notes) are obligations of corporations. All corporate notes are "A€' rated or its equivalent or better, per the City's investment policy and state of California regulations. LAIF offers local agencies the opportunity to participate in major portfolio with overnight liquidity Managed by the State of California Treasurer's Office (please see htt .trey ur r.ca: ova mia-laif for more information as well as the following "State of California Pooled Money Investment Account.Market Valuation" for month end included in this report). 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. 4IPage HB -15- Item 1. - 5 Portfolio Earnings and Peryformance. Monthly earnings $175,525 07 Jaiy I�remiums/Ctisulrtt 16, I - - Monthly Budgeted.Interest Income $100,€00 Monthly Effective Rate of Return 1.02% Fiscal YTD Earnings $893,851 Fiscal YTD Budget $600,10 0 Fiscal YTD Effective Rave of Return �98f Benchmark(1) a3gyo approx.Cash in Bank $17M'M (1)Benchmark:The average ofthe monthly LAIF rate and the 12-month rolling average 2-year Constant Maturity Treasury(CHIT)rate,per Investment Policy Statement, Monthly investment earnings for March 31, 2015 were $175,525. The monthly effective rate of return was 1.02%, with a fiscal year-to-date effective rate of return of 0.98%. The portfolio yield has been continuing to increase very slightly over the past year; however, overall it remains low due to the historically low interest rates It is anticipated that the portfolio yield will remain at low levels and that it will tale 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. (For details of portfolio activity, please ;see the Sympro reports attached entitled 'Activity Report„ for each month.) Monthly Activity: For the month ending March 31, 2015, $5 Million in federal agencies were purchased with $5 million matured, called or sold. No corporate bonds were purchased or sold during the month. Quarterly Activity. For the quarter ending March 31, 2915, a total of $30 million .in federal agency securities were purchased. $15 million in federal agencies were called, sold or matured during the quarter. $7.5 million in corporate bonds were purchased for the quarter ending March 31, 2015. $1.3 million in corporate bonds were sold or mattered over the quarter. 10 million was transferred from LAW to the operating bank for the quarter and $12,886 in quarterly LAIF interest was received 5 1 P a g e Item 1. - 6 HB -1 6- Compliance: The portfolio is in conformity with all relevant State regulations and the City's Investment Policy statement filed with the City Council on February 3, 2014. 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. 6 1 P a g e HB -17- Item 1. - 7 Additional Information: Retirement Plan Information as of December 31, 2014: (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 31,201* Beginning Contributions Distributions€ Earnings Other Fees/ Ending Balance Transfers {change in Adjustments Balance (117-1-14) value;) 112-31-14) GairJLoss/ Roporung is Quarterly Interest. ICMARetirev ent Owporation(457 Plan) $40,824,103 $666„$41 ($8Z;,,670) $923,8$1 (83,4 ) $41,681,636 NationvAde Retirement Solutions(451 Plan) $71,343,546 $1,121,012 ($1,069,445) $1,220,86 ($876) $72,615,101 Total Deferred Compensation flan Bal 361) $114,49 737 City of Huntington Beach Retiree Medical Trust Summary information as of December 31,2014 Beginning Contributions. Distributions/ Earrings Other Fees/ Ending Balance Transfers (change in Adjustments Balance Repofffng€sQuarterly- (10.1-14) value) (12-31-14) CalPERS Retiree Medical Trust Account $15,52 ,7 3 $1 ,710 {fit 532}`- $16 M,861 City of Huntington Beach Supplemental Pension Trust Summary Information{raonthlyreporting,not quarterly) as of December 31,2014 84nning Employer Interest& Realized Change,in Other Trust Fees/ Ending Balance Contributions Dividends Gain ILoss Unrealized Adjustments Balance Pius Net Gains€Losses (12.31 14) (12-1-14) A rued Reporting is Monthly Income Suppta,mantal Pension Trust Account $44,381,MS $0 $339,1943 $1,271,908 ($2.067.35 ) t$5:;6621 $43,02$R $3 7 1 P a g e Item 1. - 8 HB -IS- Bond Reserve Accounts - Balances as of March 31, 2015: Summary of Investments by Bond Issue As of March 31,2015 Value as of Bond Issue march.31,2015 City of Huntington Beach-20041udgment Cibligation,Bonds(Property Tax Refunds) 1,159 Huntington Beach PublIc Financing Authority Lease Refunding Bonds 201OSeries A 1242,M Huntington Beach Public Financing Authority Lease Revenue Refunding Bonds 2011series A 3,707,293 Huntington Beach PubliclFinancing Authority Lease Revenue Refunding Bond I s 2014 Series A 15,876,107 Redevelopment Agency of Huntington Beach-1999 Tax Allocation Refunding Bonds(1/3of 1992) 756,74 1 8 Redevelopment Agency of Huntington Beach-2002Tax Allocation Refunding Bonds(2/3of 1992) 1,683,570 Huntington Beach Communi4r Facilities District No.1990-12001 Special Tax Bonds(Goldenwest-Ellis) 196,916 Huntington Beach Community Facilities District No.2000-12013 Special Tax Bonds(Grand Coast-Hyatt) 1,091,967 Huntington Beach Community Facilities District No.2002-12002 Special Tax Bonds,(McDonnell Centre Business Park) 455,288 Huntington Beach Community Facilities District No.2003-12,013 Special Tax Bonds (Huntington Center-Bella Terra) 1,680,902 26,692,635 8 Page HB -19- Item 1. - 9 �* .yLDflTAAA7p, City of Huntington Beach Z3 City of HB 2000 Main St. Huntington Beach, Portfolio Management o �� Portfolio Summary January 31, 2015 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Terris Maturity 360 Equiv, 365 Equiv. Federal Agency Issues-Coupon 120,000,000.00 120,$08,500.00 119,982,391,74 65.03 1,623 1.154 1236 1.254 Local Agency Investment Funds 32,298,361.47 32;298,3$1.47 32,298,361,47 17.51 1 1 0,258 0.262 Corporate Bonds 32,000,000.00 32,317,597443 32,213,338.43 17.46 1,223 844- 1,142 1.168 Investments 184,298,361.47 184,924,458.90, 184,494,091.64 100.00% 1,269 $98 1.049 1.063 Cash and Accrued Interest Accrued Interest at Purchase 33,009.72 33,009.72 Subtotal 33,009,72 33,009.72 Total Cash and Investments 194,2 ,361.47 184,967,468.62 184,527,101.36 1,269 898 1.049 1,063 __.. .._. tat Earnings January'31 Month Ending Fiscal Year To Date Fiscal Year Ending vurrent Year 148,251.90 562,102.39 Current Budget 100,000m 400,000,00 1,200,000,00 Last Year Actual 112,530.00 431,436.00 1,479,306.00 Average Daily Balance 186,653,300.48 175,422,768.71 Effective Rate of Return 0.94% 0.969'0 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 February 3,2014. 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 5a via interactive Clata Corporation. ptA 121, .Alisa Cutchen,CITY TREASURER SURER Reporting period'0110^112016-01131/2015 Portfolio CITY AP Run Crate:0 4122/20 1 5-1 1:07 PM(PRF PM1')TU Report Vor,7.3.3b City of 1-113 Portfolio Management Page I Portfolio Details -Investments January 31, 2015 Average Purchase Stated 'ATM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book,Value Rate S&P 365 Maturity Date Federal Agency Issues-Coupon 313381 M44 3953 Federal Home Loan Bank 12128/2012 5,000,000,00 5,004,250.00 5'000'000.00 0,650 AA OASO 696 12/2812016 313OA2AH9 4013 Federal Home Loan Bank 0612WO14 5,000,000,00 5,177,600,00 4,998,569,10 1.600 'AA 2.035 1,606 06,12612019 3130A2TGI 4017 Federal Home Loan Bank 08/27,12014 5,000,000,00 5,004,950.00 5=0'000:00 1.500 AA 2.052 1,668 08/2 712 01 9 313OA3PA6 4020 Federal Home Loan Bank 12130,2014 5,000,000.00 5,036,950.00 5,000,000,00 1.550 AA, 1,892 1,793 1V3012019 3136A3KFO 4021 Federal Horne Loan Bank 12/1812014 5,000,000.00 5,020,200.00 4,997,559.72 1,500 AA 2112 1,781 1211812019 313OA3KU7 4022 Federal Home Loan Bank 12I12!2014 5,000,000.00 5,008,050,00 5,00,00.00 1.625 AAA 2,035 1,775 1211212019 313OA3TA2 4038 Federal Home Loan Bank 12/3012014 6,000,000.00 5,020,500,00 4,998,742.65 1:000 AA 1.010 926 08/1512017 3134G3B90 3940 Federal Home Loan Mort Corp 0811511-012 5,000,000.00 5,022,300,00 5,000,000.00 0,875 AA OV5 926 08/1512017 3134G33B4 3952 Federal Home Loan Mort Corp 01/1112013 5,000,000.00 5,004,800,00 5,000'000'00 1,000 AA 1.000 1,075 01111,12018 3134G47G7 3980 Federal Home Loan Mort Corp 06/26,12013 5,000,000.00 5,008,350.00 5,000,000,00 1,400 AA 1 A00 1,241 06/2612018 3134G55H4 4010 Federal Home Loan Wort Corp 05/28/2014 5,000,000,00 5,022,700,00 5,000,000,00 1,625 AA 1,625 1,396 1112812018 3134G55T8 4011 Federal Home Loan Mort Corp 0611212014 5,000,000.00 5,003,300.00 5100,006.00 0,700 AA 0J00 $80 12112/2016 3134G5TD7 4036 Federal Home Loan Mort Corp 12126/2014 5,000,000,00 5,008,700.00 5,000,000,00 1.375 AA 1,375 1,059 12126,12017 3134GSUS2 4037 Federal Home Loan Mort Corp 1272612014 51000'000.00 5,011,700.00 5,000,000.00 1,700 AA 1.700 1,424 12126=218 3135GORKI 3945 Fed,Nafl Mort Assoc. 11/0712012 5j000'000.00 4,996,300.00 5,000,000,00 0.900 AA 0,900 1,010 11107/2017 3136G07K1 3947 Fed:Nat'll Mort,Assoc, 12/07W12 5,600'000.00 5,001,650.00 5,000,000,00 0,700 AA 1.002 1,039 1210612017 3136O17E3 3050 Fed Nall Mort,Assoc, 12/26/2012 5,000,000,00 5,004,000,00 5,000,000,00 0.700 AA 1.042 1,06S 12/26,12017 -3136G1A66 3951 Fed.Natl Mort,Assoc, 12126M12 51000.000.00 6,003,800.00 5,000,000,00 0,700 AA 1.053 1,069 12/26/2017 313661AY5 3955 Fed,Nall Mort.Assoc. 01/30/2013 5,000,000.00 s'006,000,00 6,000,000,00 0,750 AA 1,078 1,094 01130/2018 3136GlCJ6 3957 Fed,Nall Mort,Assoc. 02/21/2013 5,000,000,00 4,982,050.00 5,000,000,00 0,760 AA 1A93 1,116 02/2112018 3136G1E62 3981 Fed,Nell Mort,Assoc. 02/25/2013 5'000'000.00 4,990,300,00 5'000'000.00 0,600 AA 0.600 571 08125,12016 3136GIEPD 3964 Fed.Nall Mort.Assoc, 03/12/2013 5,000,000.00 5'000'0DO'O0 1,100 AA 1A00 1,135 03/1112018 3135GOYAS 3978 FecL Nell Mort Assoc. 06/19/2D13 5'000'000.00 $,003,600,00 5,000,000,00 0.750 AA 0.750 687 I2(19f2016 3136G1NB1 3979 Fed.Natl Mort Assoc. 06/19t2013 5,000.060,00 4,059,630.00 4,987,520:27 0.800 AA 0.907 869 06/19,Q017 Subtotal and Average 124,014,394.19 120,000,000.00 120,308,600.00 119,982,391.74 1.254 1,164 Local Agency Investment Funds SY5982 982 Leif City, 32,298,361,47 32,298,35147 32.298,361A7 0.262 0.262 1 Subtotal and Average 32,292,541.84 32,298,361A7 32,298,361.47 32«298,361.47 0.262 1 Corporate Bonds 037833AJS 3976 Apple Inc. 05;2812013 3'000'000.00 2,587,820.00 2,985,737:92 1.000 AA 1151 1,187 0510312018 14912LSP2 4024 Caterpillar Financial Corp. 12/10/2014 310001000= 3,010,050.00 2,977,054.26 1,300 1.555 1,124 OV01/2018 36962GSWO 3994 General Electric Capstal Corp 1212612013 $1000,000,00 5,146,350.00 5,110,195.84 1300 AAA 1,291 816 04127/2017 369$2GSK5 4007 General Electric Cap1al Corp 05112/2014 2,510,000,00 2,529,100X0 2,617,72$,14 1.600 AA 1 340 It023 1112O'2017 3062G6W9 4036 General Electric Capital Corp 12/19/2014 2,00,000,00 2,018,640.00 2,011,298.12 11626 AA 1.442 1,156 041OZ12018 CD Portfolio CITY AP Run Dew 04103120,5-10:23 PM(PRF_PM2)7,3.0 Report Ver,7,3,3b CD City of 1-1113 Portfolio Management Page 2 Portfolio Details - Investments January 31, 2015 Average Purchase Stated YTM Days to Maturity CUSIP Invostment# Issuer Balance Date Par Value Market Valuo Book Value Rate S&P 366 Maturity Date Corporate Bonds 24422ERSO 3948 John Deere Capital 12/1112012 2,00.000,00 2,005,040,00 2,003,005.42 0,950 A 0,570 148 0612912015 674599Ca9 3977 0ocident3i Petroleum 05128/12013 3.000,000,00 3,040,860,00 3,041,306.03 1,750 A 1,059 745 02/1512017 713448CA4 3988 PEPSICO INc 11119,12013 2,500,000m 2,503,775.00 2.503,346,15 0.700 A 0.448 193 D811312015 89233P7E0 4023 Toyota Motor Credit 12/1=14 3,000,000,00 3,017,880,00 2,989,982.43 1.375 1A91 1,074 01/10/2018 89236TAY1 4039 Toyota Motor Credit 0112612015 3,000.00om 3,062,580= 3,054,158.37 ZOOD AA 1.500 1,361 1012412018 931142CX9 3943 Wal-Mart Stores 08114/2012 3,000,000.00 3,023,400.00 .3,019,438,75 1,500 AA 0,606 266 10/25/2015 Sul toW and Average 30,346,364.44 32,000,000.00 32,34-5,49&00 32,213,338.43 1.158 $44 Total and Average 186,653,300.43 184,298,351,47 184,952,356.47 134,494,091.64 1.063 898 Portfolio CITY AP Run DAter 0410312C 15-101.23 PM(PRF—PM2)7,10 City of 1-113 Portfolio Management Page 3 Portfolio Details-Cash January 31, 2016 Average Purchase stated ATM Days to cuslp Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 33,009.72 33,00932 0 Subtotal 33,C49.72 33,0M72 Total Cash and Investments 186,653,300A8 184,298,361.47 164,985,366.19 184,627,101.36 1.063 $98 l!j Portfolio CITY AP Run Date:0410312015-1013 PM(PRF I _PM2'7<3,0 • City of 1-113 Portfolio Management Page I 4�- Activity By Type January 1,2016 through January 31, 2015 Stated Transaction Purchases Redemptions CUSIP investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133EDTN2 4018 Federal Farm Credit Bank 1.330 0112W2015 0.00 5,000,000.00 Subtotal 0.00 5,000,000.00 119,982,391.74 Local Agency Investment Funds (Monthly Summary) SYS082 982 Lair City 0,262 12,886,32 0.00 Subtotal 12,886= 0.00 32,298,361.47 Corporate Bonds 084664AT8 189$ Berkshire Hathaway Fin 4.850 01/1512015 0,00 1.310,000A0 89236TAY1 4M Toyota Motor Credit ZODO 01/2,312015 3,054,360.00 0.00 Subtotal 3,054,360.00 1,310,00.0D 32,213,338.43 Total 3,067,246.32 6,310,00.00 184,494,091.64 Portfolio CITY AP Run Date;04103120I5-1013 PM(PRF2103)T&D Raporl Ver.7.13U City of HB Portfolio Management Page I Activity Summary January 2014 through January 2015 Managed Number Number Month Number of Average 350 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term pays to Maturity January 2014 40 1,77,491,42643 0.892 0:904 0.244 2 1 1259 988 February 2014 40 188,868,17&60 0.851 0.863 0,236 3 3 1,180 936 March 2014 42 197,031,584.93 0,909 0.921 0.236 2 0 1,284 1,003 April 2014 42 196,436,692.66 0.908 0.921 0.233 0 0 1,284 977 May 2014 41 193,837,931,04 O.962 0.975 0.228 3 4 1,286 977 June 2014 42 189,731,088,09 0,984 0,997 0128 3 2 1,298 979 July 2014 40 193,902,929-47 0,078 0,992 0.244 0 2 1,298 946 August 2014 41 187,498,755.91 1,028 1.042 0.260 2 1 1,327 960 September 2014 41 187,1916,562.38 1.083 1,098 0.246 0 0 1,424 1,002 October 2014 37 168,752,003.21 1,126 1.142 0.261 0 4 1,450 1,023 November 2014 35 166,568,219.77 0.968 0.981 0.261 0 2 1,264 848 December 2014 37 179,431,920.78 1.052 1.066 0,267 9 7 1,268 915 bJ January 2015 36 185,653,300.48 1,049 1.063 0,262 1 2 1,269 898 Average 40 195,675,205.48 0.984% 0.997% 0.247 2 2 1,29-9 958 CD Portfolio CITY AP Run DW&:04/0314- 15-10:23 PM tPRF—PWA)7,3.0 Report Vat,7,3.3b �%Vts State of California p Pooled Money Investment c t Market( {Valuation ��'Y•##GU4Utt'��`��'rrI I 015 s d�l Gar In gCost Pltt s Destr'tption ;Zua lteresl;'Pure OakValue c�tc� d Irit� United Mates Treasu Bills $ 10,936,611,669.26 $ 10,945,395,500.00 NA Notes $ 18,014,588,200.77 $ 18,046,655,000.00 $ 19,820,671,50 Federal A enc : SBA $ 595,672,192.43 $ 590,548,124.79 $ 531,041,68 MBS-RFM1Cs $ 100,382,176.58 $ 107,074,63R51 $ 477,927.06 Debentures $ 1961,911,663.14 $ 1,962,180,350,00 $ 4,784,800.52 Debentures FR $ - $ - $ - Discount Mates $ 1,499,367,340.26 $ 1,498,647,500M NA GNMA $ - $ - $ Su ranational Debentures $ 450,246,568.19 $ 451,066,000.00 -$ 1,003,908,00 CDs and YCDs FR $ - $ - $ Bank Notes $ 600,000,000.00 $ 599,886,059.19 $ 337,861 12 CDs and-YCDs $ 11,450,044,9 .50 $ 11,445,870,400.34 $ 5,453,840,25 Commercial Paper $ 6 793,416,931.11 $ 6,794,457,472.18 NA Corporate: Bonds FR $ - $ - $ Bonds $ - - Repurchase Agreements $ - $ - $ - Reverse Repurchase $ $ Time Deposits $ 5,118,740,000,00 $- 5,118,740 000.00 NA AB 55&GF Leans $ 2,938,218,523.59 $ 2,938,218,523.59 NA TOTAL $ 60,459,200,213.83 $ 60,499,739,669.60 $ 32,410,050.13 Fair Value Including Accrued Interest $ 60,532,149,619.73 Repurchase Agreements,Time[deposits,AB 55&-General Fund loans,and Reverse Repurchase agreements are carried at portfolio gook.value(carrying cosh. Item 1. - 16 HB -26- Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Finance Department January 2015 Cash Receipts and DisbursementsDecember 2014- January 2815 Receipts Property Tax Receipts $25,057,675 $16,282,993 Utility Tax Receipts (UUT)- 1„570,916 1,724,902 Sales Tax Receipts 2,682,928 1,798,400 1/2 Cent Safety Sales Tar.Receipts 242,380 164,57 Highway users Tax Receipts (HUT) 1,087,456 367,574 Transient Occupancy Tax Receipts (TOT) 563,375 488,889 Government Funds 939,906 32,737 Capital Funds 2,754,087 56,790 Debt Service Funds - Enterprise Funds 5,195,433 4,580,581 Fiduciary Funds 21460,904 4,42 ,875 Internal Service Funds 548,002 497,486 Special Revenue Funds 2,103,297 1,685,847 All Other Receipts 939,586 2,856,287 Total Receipts $46,145,946 $34,957,938 Disbursements Total Disbursements (22,448,926) {26;069,257�1 Net Change in Cash Flow $2 ,657,020 $8,896, 01 Summary of Cash by Fund December 2014 January 2015 General Fund 67,317,587 73,266,482 Government Funds 1,509,356 1,489,240 Capital Funds 14,471,939 1,6,476,213 Debt Service Funds 5,662 6,229 Enterprise Funds 86,020,660 84,603,340 Fiduciary-Funds 12,987,011 15,091,828 Internal Service Funds 6,589,984- 7,898,258 Special Revenue Funds 22,114,953 22,688,355 General Ledger Cash Balances 210,017,162 221,619,946 *Total cash will differ from investment portfolio total due to outstanding checks and/or other tinting differences. Mote 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 January 201 5.)tsx 211912016 HB -27- Item 1. - 17 ��t1Tir�t�d �� �„aaaratun� 1✓�y _. City of Huntington 2000 Man St. s City of HB -_ Huntington Beach, Portfolio Management Portfolio Summary February 28, 2016 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Terris Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 140,000,000,00 140.029;980.04 140,023,676.25 68,46 1,626 1,226 1.323 1.341 Local Agency Investment Funds- 27,298,361.47 27,298,361.47 27,298,361.47 13,35 1 1 0.262 0.266 Corporate Bonds 37,000,000.00 37,23,5,176,22 37,202,957.87 18.19 1,234 910 1,171 1,187 Investments204,293,361.47 204,563,517.69 204 525,005.59 100.00% 1,338 1,004 1.153 1.170 Cash and Accrued Interest Accrued-Interest at Purchase 81,614.39 81,614.39 Subtotal $1,614,39 81,614,39 Total Cash and Investments 204,298,361.47 204,645,132.08 204,606,619.98 1,338 1,004 1.153 1.170 00 tal Earnings February 28 Month Ending Fiscal Year To Late Fiscal Year Ending L.rrent Year 156,223.80 718,326,19 Current Budget 100,000m 600,000.00 1,200,000,00 Last Year Actual 120,322.00 651,758.00 1,479,308.00 Average Daily Balance 193,794,027.30 178,829,359.71 Effective Rate of Return 1 05% 0.97% 1 certify that this report accurately reflects all City pooped investments and is in conformity with all State laws and the investment policy statement filed with the City Council on February 3,2014, 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 lr#eractive Data Corporation. Alisa Cutchen,6TV fREASURER Repotting period 02i0112015W02I28l2015 portfolio CITY AP Rsan late:0412212015-11:08 PM(PRF PMt)7.3.0 ReW Ver.7.3.3b City of 1-113 Portfolio Management Page I Portfolio Details - Investments February 28, 2015 Average Purchase Stated YTM Days to Maturity custp Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Federal Agency Issues-Coupon 313381 M44 3953 Federal Home Loan Bank 1212812012 5,000,000.00 4,997,950,00 0.650 AA 0.650 668 12/2812016 3130A2AH9 4013 Federal Home Loan Bank 0612612014 6,000,000.00 5,1 16,750.00 4,998,596.18 1.500 AA 2.035 1,578 0w2612o 19 3130A2TG1 4017 Federal Home Loan Bank 08/2712014 5,000,000.00 5,012,200,00 5,000,000.00 1.500 AA 2.052 1,640 08/27/2019 3130A3PA6 4020 Federal Home Loan Bank 1273012014 5,600,4D0,00 5,014,650,00 6,000,00U0 1.550 AA 1,892 1,765 12W/20 19 313OA3KF0 4021 Federal Home Loan Bank 1211812014 5,000,000.00 5,014,460,00 4,997,601.39 1.500 AA 2,112 1,753 1211812019 3130A3KU7 4022 Federal Home Loan Bank I PJ1 2J2014 5,000,000.00 5,002,000.00 5,000,000.00 1.625 AAA 2.035 1,747 1211 WO 19 3130A3TA2 4038 Federal Home Loan Bank 1213012014 5,000,000.00 5,005,000.00 4,998,783.92 1,000 AA 1.010 698 0811 Si2017 3130A3YL2 4040 Federal Home Loan Bank 02/2012015 5,000,000.00 4,986,350.00 5,000,000.00 1,000 AA 2,356 1,817 02/2012020 313378A43 40413 Federal Home Loan Bank 02120/201 5 5,000.000.00 5,051,200.00 5,040,738.13 1.375 AA 1.100 1,104 03/09i4018 3134W890 3940 Federal Home Loan Mort Corp 08/15/2012 5,ODO,00D.00 5,000,750.00 5,000,000.00 0.875 AA 0.875 age 08/1512017 3134G33B4 3952 Federal Home Loan Mort Corp 01111/2013 5,000,000.00 4,979,950,00 5,000,000.00 1.000 AA 1.000 1,047 01/1112018 $134G47G7 3980 Federal Home Loan Mort Corp 061is/2013 5,000,000.00 4,996,750.00 5,000,000.00 1,400 AA 1A00 1,213 0612612018 3134G55H4 4010 Federal Home Loan Mort Corp 05/28/2014 5,000,00D.00 5,013,650.00 5,000,600.00 1.625 AA 1.625 1,368 11/28/2018 3134G55TS 4011 Federal Home Loan Mort Corp O61I2,"2014 5,000,000;00 4,999,450.00 5,000,000.00 0.700 AA 0.700 652 12/12/2016 3134G5TD7 4035 Federal Home Loan Mort Corp 191 W2014 5,000,000.00 5,603,800.00 5,000,000.00 1.375 AA 1.375 1,031 12/20/2017 3134G5U52 4037 Federal Home Loan Mort Corp IV2612014 5,000,000.00 5,005,000,00 5,000,000.00 1100 AA 1.700 1,396 121226/2018 3134G6AU7 4UI Federal Home Loan Mort Corp 02120l2015 5,000,000.00 4,966,150.00 5,000,000.00 1,400 AA 1.400 1,268 Oe/2012018 3135GORKI 3945 Fed_NO Mom,Assoc. 1110712012 5,000,000.00 4,974,400,00 5,000,000.00 0,900 AA 0.900 982 11/0712017 3136G071<1 3947 Fed.Natl Marl,Assoc. 12107/2012 6,000,00040 4,985,550.00 5,000,000.00 0.700 AA 11.002 1,011 12JO612017 3136G17E3 3950 Fed.Nall Mort,Assoc, 1212612012 5,000,000.00 4,997,000.00 5,00,000,00 0,700 AA 1.042 1,031 12126/2017 3136G1A66 3951 Fed.Nan Mori,Assoc. 12/2612012 5,000,000.00 4,994,100.00 5,000,000.00 0-700 AA 1.053 1,631 12126/2017 3136GIAYS 3955 Fed-Natl Mom.Assoc. 01/3012013 5,000,000.00 4,996,350,00 S,ODO,000.00 0.750 AA 1,078 1,068 0 V30/201 8 3136G1CJ6 3967 Fed.Ned Mori.Assoc. 02/2112013 5,000,000,00 4,998,4000 5,000,000.00 0.760 AA 1.193 1,088 02/2112018 3136G15P0 3964 Fed,Natl Mort Assoc. 03/122013 5,000,000.0 4,984,450:00 5,000,000.00 1.100 AA 1.100 1,107 03112i2018 3135SOYAS 3978 Fed.Natl Mort.Assoc. 06/16/12013 6,000,omoo 4,997,000,00 5,000,000.00 0.760 AA 0.750 659 1211912016 3136G1N81 3979 Fed.Nati Mort.Assoc, 06/1912013 5,000,000.0 4,951,400.00 4,987,95GA3 0.800 AA OA07 841 0611912017 3136G2095 4042 Fed.Nall Mom Assoc. ovi 9/20 15 6.000,000,00 4,985,650,00 5,000,000.00 1.000 AA 2.081 1,816 0211912020 3136G2EE3 4043 Fed.Nat'l Mort,Assoc. 0212712016 5,000,000.00 4,999,630,00 5,000,000.00 1.125 AA 1.125 1,824 02/27/2020 Subtotal and Average 126,246,821.05 140,000,000.00 140,029,980.00 140,023,676.25 1.341 1,22S Local Agency Investment Funds S,YS982 982 Lai(City 27,298,361,47 27,298,361,47 27,298,361A1 0266 0,266 1 Subtotal and Average 1,1,762,647.18 27,298,361.47 27,298,361.47 27,298,361.47 0.266 1 Portfolio CITY AP Ron Dow 0410311201S-10:24 PY,(PRF—PM2)73,0 Reporl Var.7.3,3b CD City of 110 13 Portfolio Management Page 2 Portfolio Details -Investments February 28, 2016 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. 05128/2013 3,000,000,00 2,976,090.00 2,986,102,99 1.030 AA 1.151 1159 05/03/2018 149121-5132 4024 Caterpillar Financial Corp. 12110/2014 3,000,000,00 2,985,330,00 2,977,674.42 1.300 1.555 1,096 03/01/2018 166764AA8 4044 Chevron Corp OV09/201 5 3,000,000= 2,999,220.00 3,008,218,11 1.104 AA 1.003 1,010 12/05/2017 36962GSM 3994 General Bectric Capital Corp 121263/201.3 5,000,000m 5,183,550,00 5,106.094,26 2.300 AAA 1.291 788 04/2712017 36962GGKS 4'db7 General Electric Capital Corp 05/IV2014 2,500,000,00 2,530,025,00 2,517,198.13 1.600 AA 1.340 995 1112000117 36962G6W9 4036 General Electric Capital Corp 12/1912014 2,000,000X0 2,01.4,840,00 2,0*1.001,06 1,625 AA 1.442 1;128 04/0212018 24422ERSO 3948 John Deere Capital 12/1 IJ2012 2,000,000,00 2,004,240,00 2,002,467,97 0,950 A 0.570 120 06129/2015 19121,68A7 4049 coca Cola Co 02/24/2015 2,500,00U0 2,492,275.00 2,491,876.23 1.150 AA 1.253 1,127 04/01/2018 58933YAC9 4046 Merck:&,Co Inc (12/09/2016 2,000.000,00 1,990,180,00 2,002,272.34 1.100 AA 0,929 1,067 01131/20118 674599CS9 3977 Occidental Petroleum 05/2812013 3,000,000,00 3,039,300,00 3,039,617.77 1.750 A 1.059 717 02/15/2017 1392331571HO 4023 Toyota,Motor Credit 12li0/2014 3,000,000,00 3,017,880.00 2,990,2S6.22 1.375 1.491 1,046 01/1012018 89236TAY1 4039 Toyota Motor Credit 01/2612015 3,000,000.00 3,056,130,00 3,052,948,58 2.000 AA 1.500 1,333 10/24/2018 931142CXO 3943 Wal-Mart Stores 08/14/2012 3,023,730.00 3,017,229.80 1.500 AA 0.606 238 1 0IM201 5 Subtotal and Average 35,786,669,06 37,000,000.00 37,262,790.00 37,202,967.87 1.197 910 Total and Average 193,794,027,30 204,298,361,47 204,691,131.47 204,525,005.59 1.170 1,004 O Portfolio CITY AP Run Date:041012016-10:24 PM(PRF_PM2)7,�.O City of 1-113 Portfolio Management Page 3 Portfolio Details -Cash February 28, 2015 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P $65 Maturity Average Balance OM Accrued Interest at Purchase 81,614.39 81,614,39 0 Subtotal 81,614.39 81,614,39 Total Cash and Investments 193,794,02-1.30 204,298,361.47 204,672,745.86 204,606,619.98 1.170 1,004 UJ CD Portfolio CITY AP Run Dat6:041017015-10:24 PW,(PRF-,PNQ)7.3.0 CD City of 1-113 Portfolio Management Page I Activity By Type February 1, 2015 through February 28, 2015 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits orWlthdraw3ls Balance Federal Agency Issues-Coupon 3130AVI-2 4040, Federal Home Loan Bank 1.000 02/2012015 5,000,000.00 0,00 313378A43 4048 Federal Home Loan Bank 1,375 O211012015 5,041,150.00 UO 3134G6AU7 4041 Federal Home Loan Mort Corp 1.400 0=3/2015 5'000.000 00 UO 3136GIE62 3961 Fed,Nall Mort,Assoc. 0.600 02/25/2015 0.00 5,000,0woo 3136G2D95 4042 Fed,NaVl Mort.Assoc. 1,000 0211912015 5,000,000,00 0,00 3136G2EE3 4043 Fed.Naft Ulort.Assoc, 112$ 02/27/2015 5000,000,00 0.00 Subtotal 25,041,150.00 6,000 000.0 140,023,676.26 Local Agency,Investment Funds (Monthly Summary) SY$982 982 Laif City 0.266 0.00 5000,G0O,00 Subtotal 0.00 6,000,000.00 27,298,361 A7 Corporate Bonds 166764AA8 4044 Chevron Corp 1.104 02/09/2015 3,068,400.00 UO 191216SA7 4049 Coca Cola Co 1JU 0=4/201 S 2,491,825,00 O.OD 58933YAC9 4045 Merck&Cc Inc 1.100 02/012015 2,002,320.00 0,00 713448bA4 3988 PIEPSICO INC 0Y00 02!2412o15 OM 2,502,945.31 Subtotal 7,02,6146,00 2,502,945,31 37,202,967.87 Total 32,S43,06.00 12,502,945.31 204,625,006S9 Portfolio CITY AP Run Date;041031201,6-10:24 P141(PRF—PM3)7.3,0 Report Var.7.3.35 City of HB Portfolio Management Page I Activity Summary February 2014 through February 2015 Yield to M�O-turlty Managed Number Number Month Number of Average 360 366 Pool of Invostments of Investments Average Average End Year Securttles Balance Equivalent Equivalent Rate Purchased Recleemed Tenn Days to Maturity February 2014 40 188,868,178.60 .0,851 0M3 0236 3 3 1,180 936 March 2014 42 197,031,584.03 0.909 O�921 0236 2 0 1,284 1,003 April 2014 42 196,436,692.66 0;908 0,921 0,233 0 0 1,284 977 May 2014 41 193,837,931.04 0M2 0.975 0128 3 4 1,286 977 June 2014 42 189,731,088.09 0.984 0.997 0.228 3 2 1,298 979 July 2014 40 193,802,929.47 0,978 0.992 0.244 0 2 1,298 946 August 2014 41 187,498,755,91 1,028 1,042 0.260 2 1 1,327 960 September 2014 41 187,916,562,38 1483 1-098 0.246 0 0 1,424 1,002 October 2014 37 168,752,003,21 1,126 1.142 0,261 0 4 1,450 1,023 November 2014 35 166,568,219.77 0.968 0.981 0;261 0 2 1,264 848 December 2014 37 179,431 j920,78 1.052 1.066 0,267 9 7 1,268 915 January 2015 36 18B,653,30OA8 1.049 1.063 0,262 1 2 1,269 898 February 2015 42 193,794,027.30 1.153 1A70 0.266 8 2 1,338 1,004 Average 40 186,899,185m 1.004% 1.0 18% 0.248 2 2 1,305 959 Portfolio CITY AP Runt D.WN10=015-ID:24 PiA(PRF_P.M4)7Z4 Report Ver.7:3.3b State of California WPooled Money Investment Account Marketi do 2/28/2015 G°arrying.Costj;P S�tju 208cription Accrued [ntt r f Parch. Fair Value crt ed Interest, United States Treasu : -- Bills $ 10,236,556,460.97 $ 10,244,072,000.00 NA Notes $ 18,764,204,456.73 $ 18,775,634,000.00 $ 17,408,015.50 Federal A enc . SBA $ 589,698,806.51 $ 584,5 5,667.73 $ 524,642.66 t BS-REMICs $ 97,794,794.33 $ 104,020,812.14 465,357.08 Debentures $ 1,811,915,704.95 $ 1,810,622,650.00 $ 5,914,550.79 Debentures FR - $ - $ - }� Discount Notes $ 1,898,340,201,35 $ 1,89 ,741,pf�t�.t�Ct NA GNMA $ - $ .... - $ - Supranational Debentures 450,246,568.19 $ 450,073,000.00 $ 1,060,784.00 CDs and YCDs FR - $ - $ Bank Notes $ 500,000,000.00 499,885,917.59 $ 243„388.89, CDs and YCDs 9,450,046,920.49 $ 9,446,134,604.62 $ 5,666,423.63 Commercial.Paper $ 5,343,355,278.35 $ 5,343,828,196.65 Corporate: Bonds FR $ - $ - $ - Bonds $ $ - Repurchase Agreements $ - $ - 1 $ - Reverse Repurchase $ - $ - $' Time Deposits $ 5,266,540,000,00 $ 5,266,640,000.00 NA AB 55&CF Leans $ 3,263,089,523.59 $ 3,263,089,523.59 NA. TOTAL $ 57,671,788,715.46 $ 57,687,237,272.32 $ 31,283,162.55 Fair Value Including Accrued Interest $ 57,718,520,434.87 Repurchase Agreements,Time Deposits,AB 55&General Fund loans,and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Item 1. - 24 H3 -34- Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Finance Department February 2015 Cash Receipts and Disbursements ,January 2015 February 2016. Receipts Property Tax Receipts $16,282,993 $241,864 Utility Tax Receipts (UUT) 1,724,902 1,790,693 Sales Tax Receipts 1,798,400 2,397,900 112 Cent Safety Sales Tax Receipts 164,576 165, 25 Highway Users Tax Receipts (HUT) 367,574 - Transient Occupancy Tax Receipts (TOT) 488,889 620,092 Government Funds 32,737 176,628 Capital Funds 56,790 163,437 Debt Service Funds - - Enter rise Funds 4,580,581 5,969,100 Fiduciary Funds 41420,875 1,023,518 Internal Service Funds 497,486 498,837 Special Revenue Funds 1,6 5,847 1,870,932 All Other Receipts 2,856 287 4,443,965 Total Receipts $34,957,938 $19,362,290 Disbursements Total Disbursements 25,069,25?1 (25,48Z,489,} Net Change in Cash Flory $8,8961681' ($6,125,200I Summary of Cash by Fund January 2015 February 2015 General Fund 73266,482 71,631,612 Government Funds 1:489,240 1,633,362 Capital Funds 16,476,213 16,392,813 Debt Service Funds 6,229 - Enterprise Funds 84,603,340 77,546,789 Fiduciary Funds 15,091,828 17,977,913. Internal Service Funds 7, 9 ,268< 7,940,158 Special Revenue Funds 22,688,355 23,251,308 General Ledger Cash Balances 221,619,946 216€373,966 " Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences. Note: Above information was obtainers 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 ity`s Charter. Statement of Cash Receipts&Lisbursernentsfebruary 2015.xfsx 3120/2015 HB -35- Item 1. - 25 �%NING�� �- City of Huntington Beach City of 1-11 2000 Main>t. � r' µ Huntington Beach, _- Portfolio Management " �� Portfolio Summary UIVMarch 31, 2016 Par Market Book of Clays to YTM YTM Investments Value Value value Portfolio Term Maturity 360 Equiv. 365 Equiv, Federal Agency Issues-Coupon 140,000,000,00 140,106,900,00 140,023,099.32 70,18 1,652 1,223 1.346 1.365 Local Agency Investment Funds 22,298,361.47 22,298,361.47 22,298,381 A7 11,18 1 1 0.274 0.278 Corporate Bonds 37,000,040,00 37,279,565.00 37,193,483.31 18,64 1,234 879 1.171 1.187 Investments 199,298,361.47 199,684,826.47 199,614,944,10 100.00% 1,390 1,022 1.194 1.210 Gash and Accrued Interest Accrued Interest at Purchase 40,142,86 40,142.86 Subtotal 40,142.86 40,142.86 Total Cash and Investments 199,298,361.47 199,724,969.33 199,555,086.96 1,390 1,022 1,194 1.210 b� tai Earnings March 31 Month Ending Fiscal Year To Date Fiscal Year Ending �t.urrent Year 175,625.19 893,851,38 Current Budget 100,000.00 600,000.00 1,200,000.00 Last Year Actual 126,072.00 6777,830,00 1,479,308.00 Average Daily Balance 203,229,327.76 182,985,398.22 Effective Rate of Return 1.02% 0.98% i certify that this report accurately reflects all City pooled investments and is in conformity with.all State laves and the investment policy statement filed with the City Council on February 3;2014. 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 active Data Corporation. Alisa Cutehen,CITY TREASURER Reporting period 03/0112015-0313112015 Portfolio CITY AP Run Daw 04r2 ,20,15'-I I X8 PM'(PRF Pml)7.3.0 Report Yar.7.3,3b City of 1-113 Portfolio Management Page 1 Portfolio Details-Investments March 31, 2015 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 313381 M44 3963 Federal Home Loan Bank 12/2812012 5,000,000,00 5,005,400.00 6,000,000.00 OASO AA 0.650 637 12128/2016 3130A2AH9 4013 Federal Home Loan Bank 061M2014 5,000,000,00 4,998,400.00 4,998.623.26 1,500 AA 2.035 1,547 0612612019 313OA2TG1 4017 Federal Home Loan Bank 08127=14 6,000,000.00 5,011,200.00 5,000,000.00 1.500 AA ZO52 1,609 0812712a 19 3130A3PA6 4020 Federal Home Loan Bank 1213012014 5,000,000.00 5,025,750.00 5,000,000.00 1.550 AA 1.892 1,734 1213012019 31SOA3KFO 4021 Federal Home Loan Bank I Ztl 8/2014 5'000'000.00 5,011,250.00 4,997,643,06 1.500 AA Z112 1,722 1211$12019 313OA3KU7 4022 Federal Home Loan Bank 12112/2014 5,000,000.00 5'010.600100 5,000,000.00 1.625 AAA 2.035 1.716 12/1212019 313OA3TA2 4038 Federal Home Loan Bank 12130/2014 5'060'000.00 5,017,500,00 4,998.826,19 1,000 AA 1.010 $67 0811512017 313OA3YL2 4040 Federal Home Loan Bank 02/20/2015 S,ODO,000.00 5,004,000.00 $,000,000.00 1.000 AA 1356 1,786 0212012020 313378A43 4043 Federal Home Loan Bank 0212012015 5,000.000,00 6,061,200,00 $,039,614.83 1,375 AA 1.100 1,073 0310912018 313OA4EGI 4051 Federal Home Loan Bank OW12J2015 5'000=0.00 5,D10,7G0,0O $,000,000.00 2.050 2.050 1,807 03112/2020 3134G31390 3940 Federal Home Loan Mort Corp 08115/2012 5'000.000.00 4,994,700= $'CDO.000.00 0.876 AA 0.875 867 08/1512017 3134G3384 3952 Federal Home Loan Mort Corp 01/11/2013 5'000'000,00 4,988,850,00 5'000,000.00 1.000 AA 1.000 1,016 0111112018 3134G47G7 3980 Federal Home Loam Mort Corp 0612612613 S'0O0.000:00 4,999,650,00 6,ODO'OOOXO 1.400 AA 1.406 1.182 06126/2018 3134G55H4 4010 Federal Home Loan Mort Corp 05/2812014 5.0001000AO 5,01 1'800.00 5.000,000.00 1.625 AA 1.625 1,337 11 W/201 8 3134G56T8 4011 Federal Home Loan Mort Corp 06/12/2014 6,000,000100 5,004,200.00 5,000,000.00 0100 AA 0.700 621 12/12/2016 3134GSU52 4037 Federal Home Loan Mort Corp 12/2612014 5,000,000,00 5.014,800,00 5,000,000.00 1.700 AA 1.700 1,365 1212612018 3134GGAU7 4041 Federal Home Loan Mort Corp 0212012015 6.000,000,00 4,988,300,00 5,000,000,00 1,400 AA 1.400 1�237 08120/2016 3135GORK1 3945 Fed.Nafl Mort Assoc: 11/0712012 5,000,000,00 4,961,400,00 5,000,000.00 0.900 AA 0,900 951 1110712017 3136GO7KI 3947 Fed,Natl Mort.Assoc., 12/0712012 6,000,000,00 4,994,900,DO 5,000,000.00 0.700 AA 1.002 980 12106/2017 3136G17E3 3950 Fed.Natl Mort Assoc. 1212612012 5,000100OXIO 4,998,400.00 5,000,000.00 0.700 AA 1,042 1,000 12126/2017 3136GIA66 3951 Fed,Matt"Mort,Assoc, 1212612012 5,0001000,00 5'001'600.00 5,000,000.00 0.700 AA 1,053 1,000 12/2612017 3136G1AY5 3965 Fed.Natl Mort Assoc. 01130/2013 5,000,000.00 5,002,300.()0 5,000.000.00 0.750 AA 1.078 1,035 01/3012018 3136GlCJ6 3967 Fed.Nall Mort.Assoc, 0212112013 5,000,000.00 5,001,250.00 5,000,000,00 0,750 AA 1193 1,067 02/2112018 3136GIEPO 3964 Fed,Nall Mort Assoc. 0311212013 5,000.000.01) 5,003,750.00 5,000,000,00 1100 AA 1.100 1,076 0311=0 18 3135GOYAS $978 Fed.Natl Mort Assoc. 06/19/2013 5,000,000.00 5,003,500,00 5,000.000,00 0,750 AA 0150 628 1211912016 3136G1NB1 3979 Fed,Natl MorL Assoc, 0611912013 5,000,000,OD 4,966,950,00 4,988,392.98 0,800 AA 0.907 $10 0611912017 3136G2D95 4042 Fed.Natl Mom,Assoc. 0211912016 5,000,000.00 5,003,500.00 5,000,000.00 1.000 AA 2,081 1,785 02AW2020 3136G2EE3 4043 Fed,Natl MorL Assoc, 02/271201$ 6,066,000.00 5,011,DSOXO 5,000,000,00 1,12$ AA 1,125 1,793 02/27/2020 Subtotal and Average 142,281,433.68 140,000,000.00 140,106,900.00 140,023,099.32 1.366 1,223 Local Agency Investment Funds SYS982 982 Laff City 22,208,361A7 22,298,361A7 22,298,361.47 O278 0.278 1 Subtotal and Average 23,749,974.37 22,298,361.47 22,298,361.47 22,298,3$1,47 0.276 1 0 Portfolio CITY AP Rt)n Dow 04r4=1 5-1110 PM(PRFPW,2)7,3.0 Report var.7'3.3b CD • City of HB Portfolio Management Page 2 00 Portfolio Details -Investments March 31, 2016 Average Purchase Stated YTM Days to maturity CUSIP Investrnent# Issuer Balance Date par Value Market Value Book Value Rate S&P 305 Maturity Date Corporato Bonds 037833AJ9 3976 Apple Inc, 0512312013 3'000=0.00 1,982,510.00 2,986,468.06 1.000 AA 1.151 1,128 05103/2018 14912LSP2 4024 Caterpillar Financial Corp. 12/10/2014 3,000,000.00 3,000,510.00 2,978,2194.57 1.300 1.6$6 1,065, 03/0112018 166764AA8 4044 Chevron Corp, 02169/2015 3,000.000,00 3,002,670,00 3,007,970.08 1.104 AA 1,003 979 12/05/2017 36962GSVO 3994 General Electric Capital Corp 12126/2013 5,000=0.00 5,130,100.00 5,101,992.67 2.300 AAA 1.291 757 04127/2017 36962G61<15 4007 General Electric Capital Corp 05112/2014 2,500=0.00 2,523,850.00 2,516,671.12 1.600 AA 1.340 964 11/20/2017 369M6W9 4036 General Electric Capital Corp 12/19/2014 2,000,000,00 2,014,960.00 2,010,704,00 11.626 AA 1.442 1=7 0410212018 24422ER$O 3948 John Deere Capital 1211112012 2,000,000.00 2,002,620,00 2,001,840.52 0.950 A 0.570 89 06,129/2015 191216BA7 4049 Coca Cola CO 0212412016 2,500.000= 2,499,725,00 2,492,095.79 1.150 AA 1258 1,096 04101/2018 58933YAC9 4045 Merck&Co Inc 02109/2015 2'000=0.00 1,996.200,00 2,002,207.36 1,100 AA 0.929 1,036 01/31/2018 674699CB9 3977 Occidental Petroleum 05/28/2013 3,000,000.00 3,036,450.00 3,037,929,51 1.760 A 1,069 686 02115/2017 89233P7EO 4023 Toyota Motor Credit 12110/2014 3,000,000,00 3,010,230.00 2,990,650.00 1X5 1,491 1.016 0111012018 89236TAY1 4039 Toyota Motor Credit 01/26/2015 3,000,000.00 3,061.080,00 3,051,73818 2,000 AA 1.500 1,302 10124/2018 931142CX9 3943 Wal-Mart Stores 0811412012 3'000'0()0'00 3,018,660,00 3,015,020.85 1.500 AA 0.606 207 10/25/2015 Subtotal and Average 37,197,919.71 37,000,000.00 37,279,665.00 37,193,483.31 1.187 879 w Total and Average 203,229,327.76 199,298,361.47 199,684,826.47 199,614,944.10 1.210 1,022 00 Portfolio CITY AP Run Data;04=015-1110 PM(PR5PM2)7,?,0 City of HB Portfolio Management Page 3 Portfolio Details -Cash March 31, 2016 Avenge Purchase -Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Vague Market Value Book Value Rate S&P 365 Maturity Avorage."ance 0.00 Accrued Interest at Purchase 40,142.86 40,142.86 0 Subtotal 40,142.86 40,142.86 Total Cash and Investments 203,229,327.76 199.298,361A7 199,724,1969.33 199,555,086.96 1.210 1,022 CD Portfolio CITY AP ftOats:04/22401S-11:10 PtA(PRFPM2)7.3,0 CD City of HIB Portfolio Management Page I Activity By Type March 1, 2016tbrough March 31, 2015 Stated Transaction Purchases Redemption$ CUSIP Investment# Issuer Rate Date or Deposits orWithdrawats Balance Federal Agency Issues-Coupon 313OA4EQ1 4051 Federal Home Loan Bank 2.050 0311=015 5,000,000.00 UO 3134GST07 4035 Federal Home Loan Mort Corp I.375 03/26/2015 D.OD 5,000,0WOO Subtotal S,000,000m 5,000,000.00 140,023,099.32 Local Agency Investment Funds (Monthly Summary) SYS9V 982 Lalf City 0,278 OX0 5,000,000.00 Subtotal 0X0 5,006,000.00 22,299,361A7 Corporate Bonds Subtotal 37,193,483.31 Total S,000,000.00 10,000,000.00 199,514,944.10 Portfolio CITY AP Run Date:04=015 IVIO PM(PRF-PM3)7,3.0 RepoA Ver,7,3.3b City of 1-113 Portfolio Management Page I Distribution of Investments By Type March 2014 through March 2015 March April May June July August September October November December January February March Average Security Type 2014 2014 2014 2014 2014 2014 2014 2014 2014 2014 2016 2016 2016 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 6V 60:7 $8.9 $9.7 W5 6819 73.9 74�7 64.8 66.6 65,0 68.5 70.2 69.2% Local Agency Investment Funds 12.9 12.9 13.2 12,9 13.4 13.2 6,9 7.4 18.4 17,2 17.5 13A 11.2 13.1% Treasury Securities-Coupon Medium Term Notes Negotiable CD's ---- Certificates of Deposit-Bank Corporate Bonds 17.5 17.5 17.9 17.5 18.1 17.9 19.2 17,9 16.8 16.2 17,5 182 1816 17.8% Mortgage Backed Securities ..........Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing Federal Agency Disc..-AmorOzing ---l-............... Treasury Discounts-Amortizing ...........- ........... ........... . .....- Miscellaneous Discounts-Amortizing .......... Money Market Acct Passbook/Chocking Amounts-3 Rolling Repurchase Agreements ............... Portfolio CITY AP Run Date;04=015-1110 PM(PRF-PMS)7,34 Report Vo;�7,3.3b CD City of HB Portfolio Management Page 1 IQ Interest Earnings Summary March 31, 2015 March 31 Month Ending Fiscal Year To Date CD/CouporVDiscount Investments: Interest Collected 57,090.97 927,748.88 Plus Accrued interest at End of Period 471,365.94 471,365.95 Less Accrued Interest at Beginning of Period 30.117.02) 480,314.88) Less Accrued Interest at Purchase During Period o ) 0.00) Interest Earned during Period 180,339S9 918,799.95 Adjusted by Premiums and Discoun% -10,061,49 -72,254.29 Adjusted by Capital Gains or Losses 0.00 15,710.74 Earnings during Periods 170,278.40 862,246,40 Pass Through Securities: Interest Collected 0,00 0.00 Plus Accrued Interest at End of Period 0.00 0100 Less Accrued Interest at Beginning of Period 0,00) t 0.00) Less Accrued Interest at Purchase During Period 0.00) 0.00) tU Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.Q0 UO Adjusted by Capital,Gains or Losses 0.00 UO Earnings during Periods, 0.00 0.00 CashiChecking Accounts, Interest Collected 0,00 27,601,82 Plus Accrued Interest atEnd of Period 20,09.95 20,899,95 Less Accrued Interest atlBeginning of Period 15,653,16) t 16,8W79) Interest Earned during Period 5,246.79 31,604,98 Total Interest Earned during Period 185,586.68 950,404.93 Total Adjustments from Premiums and Discounts .10,061.49 -72,264.29 Total capital Gains or Losses 10.00 15,710.74 Total Earnings during Period 175,525.19 $93,861.38 Portfolio CITY AP Run Datc04=12015-11:10 PM(PRF—PTAS)7,3,0 Report Ver.7.3.3b y� v srState of California Pooled Money Investment Account Market Valuation 3131/2015 Car+Y Chet Pigs t Con Acted infet Furcit,. or#ixeO stIe Atai��,.riter>est United'Mates Treasu : Bills $ 9,935,849,21725 $ 9,941,554,440,76 -$ 9,942,404,000M NA Notes $ 17,813,380,152.91 $ 17,810,620,708,18 $ 17,835,471,0 .00 $ 24,369,871.50 Federal A enc : SBA $ 585,278,2M34 $ 585,278,270.34 $ 580,189,188.77 $ 519,916.09 MBS-REMICs $ 96J54,707,08 $ 96,154,707.08 $ 103,052,066.26 $ 457,54$.05 Debentures $ 1,759,446,063.01 $ 1,759,433,910.23 $ 1,759,796,850,00 $ 1,355,341.71 Debentures FR $ - $ $ - $ - Discount Notes $ 2,496,782,118.01 $ 2,497,274,472,16 $ 2,497,375,000M NA GNMA $ - $ - $ - $ Su ranational Debenture $ 460,235,913.36 $ 450,189,038.36 $ 450,574,500.00 $ 493,156.50 Cts and YCDs FR $ - $ - $ - $ - Bank Notes $ 600,000,000.00 $ 600,000,000.00 $ 599,891,264.27 $ 359,638.90 CDs and YCDs $ 11,600,035,984,54 $ 11,660,003,540.10 $ 11,596,598,687.25 $ 6,647,722.21 Commercial Paper $ 5,347,393,111.11 $ 5,348,545,722A9 $ 6,347,673,166.68 NA Cor orate: Bonds FR $ - $ - $ $ - Bonds $ - $ - $ - Repurchase Agreements $ - $ - $_ - $ - Reverse Repurchase $ - $ - $ - $ Time Deposits $ 5,170,540,000.00 $ 5,170.540,000 00 $ 5,170,540,000.00 NA AB 55&GF Loans° $ 6,634,903,755.13 $ 6,634,903,755.13 $ 6,634,903,755.13 NA TOTAL $ 62,489,999,292.74 $ 62,494,498,564.53 $ 62,518,479,47836 1 $ 34,203,194,98 Fair Value Including Accrued Interest $ 62,552,682,673.32 Repurchase Agreements,Time Deposits,AB 55&General Fund loans,and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost(1.000363728). As an example:if an agency has an account balance of$20,000,000,00,then the agency would report its participation In the LAIC=valued at$20,007,674.57 or$20,000,000.00 x 1.000383728. HB -43- Item 1. - 33 y Statement of Cash Receipts and disbursements and Summary of Cash by Fund Finance Department. March 2016. Cash Receipts and[disbursements February 2015 March 2015 Receipts Property Tax Receipts $241,864 $3,092,659 Utility Tax Receipts (UUT) 1,790,593 1,650,548 Sales Tax Receipts- 2,397,900 2,575,173 112 Cent Safety Sales Tax Receipts 165,425 239,625 Highway risers Tax Receipts (PHUT) - 459,380 Transient Occupancy Tax Receipts (TOT) 620,092 588,271 Government Funds. 176,628 140,994 Capital Funds 163,437 106,653 Debt Service Funds - 757,459 Enterprise Funds 5,969,100 4,637,123 Fiduciary Funds 1,023,518 1,680,293 Internal Service Funds 498,837 500,085 Special Revenue Funds 1,870,932 2,352,655 All Other Receipts 4„443,965 4,669,447 Total Receipts $19,362,290 $23,350,365 Disbursements Total Disbursements (25,487,489} (25,224,974) Net Change In Cash Flow ($6,125,200} ($1,874,609L Summary of Cash by Fund Februaq 2015 March 2016 General Fund 71,631,612 71,448;250 Government Funds 1,633,362 1,7 5,095 Capital Funds 16,392,813 16,432i870 Debt Service Funds - - Enterprise Funds 77,546,789 80,341„955 Fiduciary Funds 17,977,913 14,787,878 Internal Service Funds, 7,940,158 8,092,198 Special Revenue Funds 23,251,368 24,420,413 General ledger Cash Balances 216,373,956 217,28,660 "Total casts will differ from investment portfolio total due to outstanding checks and/or other timing differences. Mote: 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&Disbursementshatch 2015_)lsx 411712015 Item 1. - 34 KB _44_ b M1 H� HUNTINGTON BEA%e.-.', H CITw"r op, CITY TREASURER's REPORT Period Ending.- March 31, 2015 a e h"Co Al "'I", �a isau �c eCPFIM H ry y aFl City T w g �~ ITSTREASURER'S PRESERVATION AND RETURN OF INVESTMENTS aiWl, port ®li® governed by: b t California e Regulations �. vPolCertifiedAl "A'a California by Treasurers Association r CITY TREASURERS MISSION: PRESERVATION AND RETURN OF INVESTMENTS o Goal: Own Legal AND Suitable Investments to meet the objectives : 0 Safety of Principal m Adequate Liquidity ' 1� Market hate of Return I' - In this absolute order of priority • 3 wC „ CITY TREASURER'S MISSYON : PRESERVATION AND RETURN OF INVESTMENTS 0 Frequently Utilized Investments : U. S . Treasury dills , Bonds and Notes U . S . Federal Agency Issues Corporate Notes/Bonds o LAIF (CA State Pool) s; RATE INTEREST VOLATiLayt 5 -YEAR TREASURY YIELD : JAN-MAR 20 �J d -P -3 1 � r k 1/2/15: 1.18% 3/6/15: 1.7% (High) 3/31/15: 1. 7% ; CD O PORTFOLIO OVERVIEW., INVESTMENT SUMMARY in millions. SF r 3 y of I nvestme nt Type Market Va I ue Book Va I ue Portfolio 1 Federal Agency Issues $ 140.11 $ 140.02 70% 1 Local Agency Investment Fund (LAIF) $ 22.30 $ 22.30 11% Corporate Bonds $ 37.28 $ 37.19 19% , Total Portfolio 199.68 199.51 100% E f f x PORTFOUO OVEIRVIEWO., INVESTMENTS BY TYPE s a percentage of boob value: 19% Corporate Bonds NO IN �a i 11 % LAIF - 70% Federal Agencies s s..: CD ORT-F'NOIJ'0*t OVEIRVIEW,* N HiSTORICAL BoOK VALUE Book Value History $ in millions $25,0 _...._...�,._______ _�._____._ _._..___�__.______ .. ............... ......... ......... ......... ............................................................ .........................._.._,..._..____. ..__.._ $196.4 $196 196.4 .4 $204.5 $goo $ $191.4 $199.5 1.4 188.9 $1 ? $184 5 Y s $178. $175.4 �., $165.4 , If n s . ti j $100 A IM c 1 PORTFOL 10 PERFORMANCE. ` AS OF MARCH 31 , 2015 ' *Monthly Earnings for Mar 2015 : $ 175,0525 vs. budgeted : $ 100,000 z * Fiscal YTD Earnings through Mar 2015 : $893,851 £ vs . budgeted : $600,0004 W - ' •Fiscal YTD Effective Rate of Return : 1 .02% i , .° vs. benchmarks 0. 39% xi � *Benchmark per Investment Policy: Average of monthly LAIF rate and 12-month rolling average 2-year Constant Maturity Treasury Rate W , �a r dr ax 3 Item 1. - 44 xs -54- ice: �.,_ - _ -;, :,,�� �:::. .. ...�aa •„ .r..-w�.: - .'..;asp ice. •�r... ...a, ��� .. ,,IMM � Dept. ID CT 15-003 Page 1 of 1 Meeting Date:2/2/2015 CITY OF HUNTINGTON BEACH REQUEST FOR. CITY COUNCIL ACTION MEETING DATE: 2/2/2015 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 2014 Quarterly Investment Summary Report Statement of Issue: Receive and File the City Treasurer's Quarterly Investment Report for December 2014, 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 2014, 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 2014 2. Treasurer's PowerPoint Presentation for December 2014 H B -9- Item I. - I City of' Huntington Beach Treasurer's Investment Report Quarter Ending.- December 3 1, 2014 Prepared by.. iise Cutchen, CCMT, CPFIM v City Treasurer 1 Page Item 1. - 2 HB -10- Economic and MarketOverview: For the quarter ending December 31, 2014.- Employment, Manufacturing and Consumer Confidence: • Overall, the employment sector saw a strong demand for labor over the last quarter of 2014, with continued weakness in hourly earrings. According to the JOLTS Job Surrey, job openings climbed in,November to the highest level in almost 14 years. • The unemployment rate fell 0.2% from 5 86/o to 5.6% in<December, although the decline was accompanied by an equal drop in the;participation rate. • The Chicago PMI for December came in below expectations with a reading of 58.3 compared to the consensus estimate of 60,8. The end of 2014 saw a modest pull back across a wide range of manufacturing indicators. • The Conference Board released its monthly Consumer Confidence Index, which improved in December to 92.5, after falling slightly in November to 91.0. Real Estate. • The Gore Logic home price index rose 0.9% m/rn on_a seasonally adjusted basis: in November 2014, continuing to recover from midyear softening. "after decelerating for most of the year, home price growth has been holding firm between a 5% and 6% growth; rate for the last four months;" according to Core Logic. • Pending home sales ruse 0.8% m/m in November, beating the median estimate of a 0.5% increase. Commodities: • coil fell below 45/barrel'in New York, dragging commodities to a 2-year low. Market Rates; According to the 'Tall Street Journal, investors 'believe that continued international economic slowdown and low inflation will keep the Federal Reserve from raising interest rates for some. time this year (2015). 2014 Year End Results The Dow Janes Industrial Average ended the year as of 12131/2014 closing at 17,823, slightly below its high of 18,053 on 12/26/14. The S&P 500 Index reached a high of 2,090 on 12129/2014, ending the year down slightly at 2,059. The 2-year U.S. Treasury ended the year at 0.67%. 9•mtsntts HIstory 3=H1910 t1JtA 16,581 ,16 717 46 827 16,E 17.098;4,493 43 17,391 17.828 '17.823 17e8t 373 _ i�i554-R&P604 ...__ fi,8&i 1.82A 1; 5 1,93 2,00372 Z018�2,068 2.059 2,0742 2a39136PS iratet*f.8* 99 97 102 1t34 10911 112 112 119 1193 120NA DAD 4:115' 4.243 _ 4,d08 4;370' 4:580 4.631 4,792 4.736 4.76 ,997 4,8WO7 VrTreas ram 0.41 0.38 44S C1:53 14.4957 .49 (147 b.S7 {3,64 19.74 0,67 0.3[t 0.742 t6. 2. 4 2.°,r4 217 2.i7 2.16 2-28 2.1i 2� 3.03 - Chart Per;.StlFel.Nicolaus&Company,Incorporated 21Pa.ge HB _I 1- Item 1. - 3 Portfolio Overview: As of December 31, 2014: %of YTM lnyestmenLType Market Value Book Va I ue, Portfolio 365-dayPcalico Limit Federal Agency Issues 124,603,550 124,981,845 67% 1.26% None Local Agency Investment Fund (LAIF) 32,285t475 32,285,475 17% 0.27% $50 million Corporate Bonds 30,424,270 30,475,600 1610 1.13% 20%, Total Portfolio 187,313,295 187,746,920 100% 1.07% As of December 31, 2014 the market value of the City's investment portfolio was $187.3 million, with a book value of $187.7 million, 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. BookValue History $in millions $250 $204.46 $196.39 $200 $186.99 $196 44 191 Al S188,88$!91.36 $174.50 $178.34 $187.75 .39 $150 Elz MIR $100 $50 V $0 'A 10,11,0, 41111 a, The book value of the portfolio at December 31, 2014 remains within historlical norms. 3 Pa g e Item 1. - 4 HB -12- Portfolio Composition: Book value by Investment;Type 16%corporate Bonds, IS::. MAIN IN "I7%LAIF s 67%Federal }tenons Currently, City funds are Invested in federal agency securities, corporate bonds and the State of California's pooled account, the Local Agency Investment Fund (LAIF). The four federal. government sponsored entities (agencies) that the City purchases the securities from are. Federal Home Lean Bank (FHLB , Federal Home Loan Mortgage Corporation (FHLICIFreddie -Mae), Federal National Mortgage age Association (FNMA/FannieMae) and Federal Farm Credit Bank (FFCBFarm Credit). Corporate bonds (car notes) are obligations of corporations. :All corporate notes are "A" rated or its equivalent or better, per the City's investment policy and state of California regulations, 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 htlai//www.treasurer,cg,qbv l is laic 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. 4 Page JIB _13_ Item 1. - 5 Portfolio Earnings and Performance: Monthly Earnings $140,960 Itrestr 446, Adiw l�rerrlrlsDscou�nt »$1p %ta Monthly Budgeted Interest Income $100,000 Monthly Effective Rate of Return a99 Fiscal YTD Earnings $414,358 Fiscal YTD Budget $3001000 :Fiscal YTD effective Rate of Return 0.9 J Benchmark(1). A ,Approx.Cash In Bmk $24.1MM (1)eenchrnark.The average of the monthly I.Alf rate and the 12-month rollingaverage 2-pear Constant Maturity Treasury(CR1MT)rate,per Investment Policy Statement. Monthly investment earnings for December, 2014 were $140,960 The monthly effective rate of return was 0.92%, with a fiscal year-to-date effective rate of return'. of 0. %, As seers its the "Approx. cash in bank" at year-end, tax payments were received in December from the county. The. City Treasurer is currently in the process of investing these Rands. The portfolio yield has been continuing to increase very slightly over,the past year; however, overall it remains low due to the historically low interest rates. It is anticipated that the portfolio yield will remain at 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: (For details of portfolio activity, please see the Sympro reports attached entitled "Activity Report" for each month.) Monthly Activity: For the Month ending December 31, 2014, 30 million in Federal Agencies were purchased with $18.6 million matured, called or sold. $8 million in Corporate Bands were purchased and $7 million in Corporate Bands matured or were sold.` Quarterly Activity: For the quarter ending December 31, 2014, a total of $ 0 million in Federal. Agencies were purchased. 36.9 million in federal agency securities were called; sold or matured during the quarter. $8 million in Corporate 'Bends were purchased for the quarter ending December 31, 2014. $11.7 million in corporate bonds were sold or matured over the 5`l P,age Item 1. - 6 1 B -14- quarter. $20 million was transferred to LAIF from the operating bank for the quarter and $14,715 in quarterly LAIF interest was received. Compliance: The portfolio is in conformity with all relevant State regulations and the City's Investment Policy statement filed with the City Council on February 3, 2014. 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. 6 1 P a ge HB -15- Item 1. - 7 Additional Information: Retirement Plan Information as of September 30, 2014: (Due to the delay in statement receipt, information is from previous quarter) City of Hun tin 2ton Beach-PensionlTrust Plans-Market Value Summary Deferred Compensation Plan Summary information as of September 30,20M Beginning Contributions Distribuions/ Earnings Other Fees/ Ending Balance Transfers (changein Miustments Balance Value) (9-30-14) Gainl`Lossl Reporfing is Quarterly Interest lCMA R atiremara Corpofation(457 Plan) $41,236,658 , $7",349 ($815,732) ($377,70 kl$�As) $40,824,099 NationvAde Retirement Solutions(457 Plan) $72,354,708 $1,200,854 ($1,702,053) ($508,838) ($1,125) $71,343,646 Total Deferred Compensation Plan Balances $113,591,366 $1,985,203 ($2,517,785) ($886,546) "L 4,593) $112,167,645 City,of Huntington Beach Retiree Medical Trust SurnmaLy Information as of Seplember30,2014 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in P4ustments Balance ReporVng Is Quarterly_ (7-1-14) value) (9-3014) CalPERS retiree Medical Trust Account $15,37$,216 $1,4D-0,394 $0 ($2555,326) (S4,381) $16,627,90S City of Huntington Beath Supplemental Pension Trust Summary Information(hronthlyreporfing,notguarterly) as of September 30,2014 Beginning Em&yer Interest Realized Change in OtherTrustFees/ Ending Balance, Contributions DhAdends Gain I Loss Unrealized Adjustments Balance Pius Net Gains/Losses (9-30-114) (9-1-14) Accrued Reporting Is Monthly Income Supplemental Pension Trust Account $43,939,860 $770,282 $70,689 $11,2019,907 ($2,641,298) $43,34$,613 7 1 P a g e Item 1. - 8 11B -16- Bond Reserve Accounts - Balances as of December 31, 2014: Schedule of Bond Cnvostmn nts Held by PiscalAttntas of Qecomberal,2014 Account Bandicsrit Number flame Total Grand Total City of Huntington IN Nth-X(HIJudSmentOblillarlon Bonds Jpmp"Tax Refundli 1593SO claimsFmt ,1,15863 159353 Debtservite 1,ISM Huntington StachPubitrlrinencintAuthority Lowe Refunding Sonds2MOSenesA 1Al2'BFi7Ctl Rtevanue - 023 14128€AG31 Interest Q99 14128MM Princlpa3 Z36 1412$WW Reserve 1,2QO134 1,247,6$k94 Huntington SoachPFA.2011-SonoIA(Capitaifmpravilm ant Refinancing Project) � IS3220 Reserve 3,7%,2 £tS7 r 1S322I Payment v ISMS col r 153232 2001AEscrow Wall 20016€scrracv 3,70S 29QS7 'HuntinvonReadr PFA•2014Seds&A(So n1of Center Pro ,i v_ 1 4 83SSS3 Project 15,0k?, ,O0 r. 8S5275 Ci)i 93,S83.70 153220 Reserve 44,48&62 1S +118C1S032 Re develop ment Agency of HuntfalmnRearlh-1MTax All ocation Refunding Bonds(113of1992), � 159X€ Reserve g 159263 Debt Service 034 1S9266 Interest_ 25926S P€incipal RadevelapmentASencjrof HuntihSeon Beach-2002Tac rt►lcsatistn Refunding Boads(211of 1' s(- ' IS9248 Reserve I,Milll,47 a 420939 Revenue 1,68411147 Huntn;tanBsa CoanmcriiayFacliitiesDissricsfto.2930.12405(t3oldaawesz-Ellls$ 94431230 Boar- 0.49 r 94431231 Reserve 173,S0412. 13 5b5.41 Huntington Beach CorsmuniryfadiitierDistrittNo.2? 120 (13randcowt-Hyato '2M7WW SpedalTax alo 206276E+33 Col 20333= Exrow 2055276001 Reserve 1a4319123a 1{919$2 i0 Huntington- - - -_ _ __ tb (hicnnellCeatreSusinessPaark) 1593M Adm9nExp_ - 2,474,19' t BexcRCnmrssunrtY-Facilities 2C1J2-12 t3f52 159322 SpodalTax' 024 iS4323 Reserve 490,296'72 492r7711S. HUntinBtonUach Community Fecifities District llor 2009.1Z (Huntington Center-BellaTana)- 2C&27= SpaaalTax 053 - r 20527=1 Reserve l,sw,817.62 r 2CS277= Ctll r 205827 't Escrow 16Sg81815 <`MNDTOTAC 36,74,S7t9.713 247057WO a I P a g e Kg -17- Item 1. - 9 r-r CD � y(j9YAftgFfp , a pity of Huntington Beach iJ. 2000 Main t. .� � City of H13 Portfolio Management Huntington beach, Portfolio Summary October 31, 2014 Par Market Book %of Dayr3 to YTM Investments- Value Value value Poedollo Term rdlaturlty 360_Equly. 365 Equiv._ Federal Agency Issues-Coupon 12 ,6001000X0 123,437A76.00 123,584,699.08 74,71 1,660 1,226 1.259 1,276 Local Agency Investment Funds 12,285,475.15 12, as,475.15 12,285;475.15- 7.43 1 1- 0.257 0.261_ Corporate Bands "9,310'oco'oo 29'622,527.04 29,538,790.53 17.86 1,176 602 0A33 0,946 Investments 1,65,195;475.15 166,245,478.16 166,408,964.79 100.0011% 1,460 1,023 1.126- 1.142 Total Earnings October 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 143,479.80 143,479.80 Current Budget 100,000.00 100.000100 1,200,000.00 Last Year Actual 112,000.00 112,000:00 1,344,000.00 Average Daily Balance 168,752,003.21 168,752,003,21 Efiectiv Rota of Return 1.00°fo 1.DG% oe I certify that this report accurately reflects all City pooled investments and is in conformity with all State laws andthe investment poticy statement fled with the City Council on February 3,-2014� A copy of this policy v'JaI is available aila le at tithe e o ocg e)lthe City Clerk.The investment program shown provides liquidity to meet the next six month's obligatisr provided by Union. ro rani'heroin dos sufficient cash flow liq n�. Market-Valu�s- A1isa Cutchen,CITY TREASURER Reporting period 1010112014-10/31/2014 Portfolio CITY AP Run(7nte;OtN?Y2�51 fi=1"::15 Pit(PRF�PVJ)7,10 Report Ven 7 3,3b City of 1-113 Portfolio Management Page I Portfolio Details -Investments October 31,2.014 Average Purchase Stated YTrU1 Daysto maturity CUSIP Investmefft# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date. Federal Agency Issues-Coupon 3133EDTN2 4018 Federal Form Credi*Bank 081,1612014 5,000,000,00 5,003,750-00 5'000'600;00 1.330 AA 1.330 1,213 02/26/2018 ,313381 M44 3953 176dezl Home Loan Bank, 1212812012 5'000'000:00 4,994,450.00 5,006,1060.00 0.650 AA 0.650 788 1212612016 3130ACGLS 3996 Federal Horne Loan Bank 1212712013 3,600,000.00 3,606,076.00 3,600,000.00 1,250 AA 1.250 1,517 12/2712018 3130AGY54 4004 Federal Horne Loan Bank D3/1212014 5;000,000,00 4,999,550.00 5,000,000.00 1,000 AA 1.000 954 06M21,2017 3130AOZ39 4006 Federal Home Loan Bank 021/28/2014 6'000'000.00 4,984,600o0 5'000'000.00 1.050 AA 2.125 1,680 02/2812019 3130AI UV8 4008 Federal Home Loan Bank 05121,12,014 5,000,000.00 5,002,450.00 5,000,000.00 1.250 AA 2,263 1,662 D5121/2019 313WB62 4012 Federal Home Loan Bank 0612612014 5,00.000.00 5,010,250.00 5,000,000.00 1.500 AA 2,026 1,698 0612612019 313OA2AH9 4013 Federal Home Loan Bank 0612612014 5,000,000,00 5,062,400.00 4,998,487.85 1.500 AA 2,035 1,696 D6/2612019 3130AZTG1 4017 Federal Home Loan Bank 03/2712014 5,ODO,000.00 5,004,300.00 5,000,000.00 1.500 AA 2,052 1,760 06/2712019 3134G3890 a94D Federal Home Loan Mort Corp 08115,r2.012 5,000,000.00 4.990,300,00 5,000,000.00 0.875 AA 0.675 1,018 0811512017 3134G33B4 3952 Federal Home Loan Mort Corp 0111112013 5,000,000.00 4,967,70U0 S'00,000.00 1.000 AA 1.000 1,167 01/11/2018 3134G47G7 3980 Federal Horne Loan Mort Corp 06126/2013 $.000,000,00 4,98E,700.00 5,000,000.00 1,400 AA 1A00 1,313 0612612018 3134G4RC4 3995 Federal Home Loan Mort Corp 1212712013 5,008,200.00 5'000'000.00 1,15D AA 1.94* 1,517 12127/2018 3134G55H4 4010 Federal Home Loan Mort Corp O5128/2014 5,024,900.00 5,000,000,00 1,625 AA 1.625 1,488 1112612018 3134GSSTB 4011 Federal Homo Loan Mort Corp 46112/2014 5,003,200.00 5,000,000.00 0.700 AA 0.700. 772 12/1=016 3135GORK1 3945 Fed,NO Mort,Assoc. i V0712012 5,000,000.00 4,973;1 50.0.00 5'000o00.00 0,900 AA 0.900 1,102 1110712017 3136G07K1 3947 Fed._Natl Mort,Assoc. 12/0712012, 5,000,000.00 4,983,750,00 5,000,000.00 0.700 AA 1,002 1,131 12/06/2017 313SG17ES 3950 Fed,Narl Mort.Assoc. 1212612012 5,000,000.00 6,000,200.00 5,000,000.00 0,700 AA 1.042 1,151 1212612017 3136G1A66 3951 Fed:Natl Mort Assoc. 1212612012 5,000,000,00 4,995,650.00 5,000,000.00 0.700 AA tm 1,151 12/26/2017 3136GIAYS 3955 Fed,Natl Mort.Assoc, 01/3012013 5,000,000.00 4,9K250.00 5,000,000.U0 0.750 AA 1.078 1,186 0113"01$ 3136(31CJ6 $957 Fed,Natl Mort.Assoc. 02i2i/2013 5.000,000m 4,940,SD0,00 5,000,000.00 0.750 AA 1.193 1,268 O212112018 3136GlF-62 3961 Fed,Natl Mort.Assoc. 0212512013 5'0901 ,000,00 5'000'900;00 5,00,000,00 0600 AA 0,600 663 W25/2016 3136Glepo 3964 Fed.NMI Mort.Assoc. 03112J2D13 5,000,00100 4,9591150;00 5,000,000.00 1,100 AA 1,100 1,227 OV12/2018 3135GOYAS 3978 Fed.Nstl Mort.Assoc: 06/19,12013 5,000,00D.00 4,990,000.00 5,000000.00 0.750 AA 0,760 779 12i19/2016 3136G 1 INS 1 3979 Fed.Nat'I'Mort,Assoc. 06119/2013 5,000,000.00 4,949,450.00 4,986,21111 0400 AA 0.907 961 06/1912017 Subtotal and Average 126,176,961.22 123,437,476.00 123,584,699.06 1.276 1,226 Local Agency Investment Funds Sy5992 982 Lai!City 12,285,475,15 12t286,47SA15 12.286,47SA5 0,261 0.261 1 Subtotal and Average 12,278,829.44 12,285,475.16 12,285.476-16 12,286,47SAS Corporate Bonds 037833AJSr 3976 Apple Inc. 3,000,000,00 2,942,220.()C 2,984,642J0 1.000 AA 1A51 1,279 0510312018 084664ATS 3895 Berkshire Hathaway Fin 0812612C 11 1,310,000.00 1,321,397.00 1,319,068.94 4.850 AA 1,390 75 01/1512015 14912L4Y4 393D Caterpillar Financial dorp, OW30/2012 2,000,000.OU 2,001,780,00 2,000t!i!5.61) 1.126 A 0.911 44 12,11512014 14.912LSD9 $936 Caterpillar Financial Corp. 01810312012 3,000,000.00 3,013,320,00 3,009,961.89 1.100 A 0,520 209 0512912015 Portfolio CITY AP Report vor,7AU CD City of HI3 Portfolio Management Paget Portfolio Details - Investments October 31, 2014 Average Purchase Stated YTM Days to matuft CUSIP Investment# Issuer Balanct Date Par Value Market Value Book Value Rate S&P 36S Maturity Date Corporate Bonds 36962G6R0 3956 General Electric Capital Corp 01/25/2013 21000,000.00 2,010,160.00 2,000,465,96 1,000 AA 0,980 433 0110812015 36962GSWO 3594 General Electric Capital Corp 12/26/2013 5,000,000-00 5,134,050.00 5,122,600.68 2,300 AAA 1,291 908 04/2712017 3696206KS 4007 General.Electric Capital Corp 05/1212014 Zsoo,oco,00 2,514,200.00 2,619,306,17 1,600 AA, 1,340 1,115 11/2012017 24422ERSO 3048 John Deere Capital I21II/2012 2,006,940,00 2,004,97738 0,960 A 0,570 240 OWW20 15 6745S9C69 3077 occidentatpttroleum UV2812013 3,000,000,00 3,037,740,00 3,045,370,80 1.750 A 1,059 837 02JI 5M 17 713448CA4 3988 PEPSICO INC 111119/2013 Z500,000.00 2,506,250.00 2,504,914.66 0,700 A 0A48 286 08/11w15 931142CX9 3943 Wal-Mart Stores 08/14./2012 3,000,000,00 3,034,470.00 3,026,065,60 1,500 AA 0.606 358 1012512015 Subtotal and Average 30,297,212.56 219,310,000.00 29,622,527.00 21,538,790.58 0.946 662 Total and Average 168,762,003-21 166,246,478.15 10,408,96&79 1.142 1,023 CG Portfolio CITY AP Run Daw 01107Q015-1,116 PM(PRF,_PN12)7,3,0 City of HIB Portfolio Management Page I Activity By Type October I I, 2014 through October 31, 2014 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-coupon 313380SKO 3941 Federal Home Loan Bank 0.720 10/.14/2014 0,00 3,275,646.71 3135GOSS0 3954 Fed,NaVI Mort.AsSOC, 0,375 10/02/2014 0.00 4,996,067.13 Subtotal 0.00 8,2711,70194 123,584,699.06 Luca[Agency Investment Funds (Monthly Summary) SYS982 982 Lail City 0261 14,715-50 0.00 Subtotal 14,715.60 0.00 12,285,475,15 Corporate Bonds 36962G4G6 3949 General Electric Capital Corp 3,75D 1C/0612014 0.00 1,655,2Z7;73 24422M7 3937 John Deere CopU 1.250 10106/2014 0.00 3,003,638.33 Subtotal 0.00 4,668,866,06 29,638,790.68 Total 14,716.50 12,930,569,90 165,408,964.79 Portfolio CITY AP Run Date:0110712015-I 1 15 PJA(PRP_PM3)7X0 Report vor"7A$b City of HB Portfolio Management Page I Activity Summary October 2013 through October 2014 Yield to a-ul-r—fty — Managed Number Number Month Numberof Average 360 366 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Torm Days to Maturity October 2013 37 179,253,024.68 0.813 U25 0257 0 3 1,306 11018 November 2013 36 165,557,574.93 0.809 U20 0.263 2 3 1.279 992 December 2013 40 165,737,784.63 0.0116 0.929 0.264 5 1 1,304 1,031 January 2014 40 177,491,428,43 0.892 0,904 0.244 2 1 1,259 988 February 2014 40 188,868,178,60 0.851 0.863 0.236 3, 3 1,180 936 March 2014 42 197,031,584,93 0.909 0.921 0.236 2 0. 1,284 1,003 April 2014 42 196,436,692,66 0.908 0,921 0133 a 0 1,284 977 May 2014 41 193,837,931,04 0.962 0.975 0.228 33 4 1,286 977 June 2414 42 189,731,088.09 0M4 0.997 0.228 3 2 1,298 979 Jut ly, 2014 40 1193,8021'929A7 0,978 0.992 0.244 0 2 1,298 946 August 2014 41 187,498,755,91 1 M8 1.042 0.260 2 1 1,327 960 September 2014 41 187,916,562.38 1,083 1.098 0.246 0 0,, 1,424 1,002 October 2014 37 168,752,003,21 11126 1.142 0.261 0 4 1,450 1,023 Average 40 183,947,311.25 0.943% 0.9560% 0.246 2 2 1,306 987 Portfolio CITY AP Run Datw 0110W2016-1115 PM(PRFmm_RM4)7,10'Report Ver.7,3,3b City of HB Portfolio Management Page I Interest Earnings Summary October 31, 2014 October 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments. Interest Collected 127,562.65 127,56165 Plus Accrued Interest at End of Period 498,77T71 498,777,71 Less Accrued Interest at Beginning of Period 460,314.88) 480,314,8 ) Less Accrued Interest at Purchase During Period 0,00) 0,00) Interest Earned during Period 146,025,48 146,025,48 Adjusted by Premiums and Discounts -151341.21 -15,34111 Adjusted by Capital Gains or Losses 10,073.67 10,073V Earnings during Periods 140;t5T94 140,757.94 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) 1!J Less Accrued Interest at Purchase During Period t 0.00) 6.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 Adjusted by Capital Gains or.Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 14,715.50 14,71&50 Plus Accrued Interest at End of Period 4,90315 4,903.15 Less Accrued Interest at Beginning of Period 16,896.79) 16,89619) Interest Earned during Period 2,M 816 2,721.86 Total Interest Earned during Period 143,747.34 148*747.34 Total Adjustments from Premium and Discounts Ati,34121 Total Capital Gains or Losses 10,073-67 10,073.67 Total Earnings during Period 143,470.80 143,479.80 Portfolio CITY AP PM(PRF;_PMS)7.3.0 Raprt Ver.7:3,3b Un of California Pooled Money Investment Account. Markett iz' _. arry � `0 t Plus , Dscrptfflncred,lnteresturh._ E 'r Valtae' Accrued 1>�terest United States Treasu Bills $ 11,138 020,722.75 $ 11,146,519,500.00 IAA Notes $ 18,513,242,596 54 $ 18,535,69 500.00 $' 20,423,885 50' Federal Agency: SBA $ 561,088,301.66 $ 556,484,91-0.43 $ 512,473.75; SIBS-REMICs $ 107,647,621.64 $ . 115,348,260.67 $ 512,618.92 Debentures 2,059,410,921.24 $ 2,958,696,45O,99 $ 2,952,711 AO Debentures FR $ $ _ $ - Discount Notes $ 1,099,463,750.00 $ 1,099,916,000.00 NA GNMA $ _ $ - - Su ranatirnalDebentures $ 399,927,859A9 $ 400,281,00000 $ 385,602.50 CDs and YCDs Fly $ - $ - $' Bank litotes $ M0,000,0O0M $ 299,866,514.97 $ 72,888.89 CDs and YCDs $ 8,150,025,364;38 $ 8,146,899,967.96 $ 3,667,270,85 Commercial Paper $ 4,169,153681.11 $ 4,369,120,684.17 NA Corporate: Bonds FR $ - $, $ Bands $ - $ $ Re urchase A reements $ $ $ - Reverse Re urchase $ - $ $ Time Deposits $ 4,942,740,000.00 $ 4,942,740,000.00 IAA_ AB 55&GF Loans $ 5,904,339,467.74 $ 5,904,339,467.74 NA TOTAL $ 57,545,061;28 ,25 $ 57,575,905,235.94 $ 28,527;451.81. Fair Value Including Accrued Interest $ 57,604,4321$87.75 Repurchase Agreements,Time Deposits,AB 55&General Fend loans, and Reverse Repurchase agreements:are carried at portfolio book value(carrying cost). Item 1. - 16 HB -24- Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Finance Department October 2014' Cash Receipts and Disbursements September 2014 October 2014 Receipts Property Tax Receipts $1,549,610:1 $116,849 Utility Tax Receipts (UUT) 1,,808,755, 1,903,024- Sales Tax Receipts 2,322,197 1,767,000 112 Cent Safety Sale&Tax Receipts 173,787 140,557 Highway Users Tax Receipts (HUT) 866,117" 507,51 Transient Occupancy Tax Receipts (TOT) 1,077,692 714,687 Government Funds 134,920 43,033 Capital Funds £2,458 798,455 Debt Service Funds 1,121,706- - Enterprise Funds 5,316,591: 51357,284 Fiduciary Funds 3,280.920 1,242,828 Internal Service Funds 415,558 699,01.7 Special Revenue Funds 2,088,702 2,361,417 All Other Receipts 3,616,765 4,820,652 Total Receipts $23,235,780 $Zt;77Z,3?5 Disbursements Total Disbursements {29, 2 ,3 9} ( 9,899s400) Net.Change:in Cash Flow ($6987,651) ($1,1 7,g85i Summary of Cash by Fund Septem ber 2014 October 2014 General Fund 63,874,730 53, 91,336 Government Funds 647,386 937,128 Capital Funds 11,604,256 12,333.765 Debt Service Funds 10,036 6,687 Enterprise Funds 82,614,366 84,271,375 Fiduciary Funds 10,934,605 11,130,530 Internal Service Funds 4,859,764 5,227,983 Special Revenue Funds 21,331,031 21,416,612 General Ledger Cash Balances 195,876,024 189,016,417 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 inthe cityinvestment portfolio, This statement is prepared in compliance with the City's Charter. Statement of Cash Receipts&Disbursements October 2014.x1s;r. 1111712014 TTB _25_ Item 1. - 17 H—i CD ,,�t�hlYlNu j�� City of Huntington Beach City of 1-11 2000 Main St. Huntington Beach, Portfolio Management 00 Portfolio Summary November 30, 2014 Par Market Book %of Gays to YTM YTM Investments Value Value Value Portfolio Term Maturity - 360 Equiv. 366 Equly, Federal Agency.Issues-Coupon 113,600,000,00 113,592,770.00 113,585,162.49 64.76 1,645 1,161 1,179 1,195 Local Agency Investment Funds 32,385,475.15 32,285,475,15 32.285,47515 18,.41 1 1 0.257 OY 261 Corporate Sands 29:31f1,Q0tt:CtO 23,SS ,B1C,60 29,s23,9a1.95 16,83 1,176 572 0.933 t1,946 175,165,475.15 175,437,061.75 17 ,394,619.69 10D.09%, 1,264, 948 0.968 0.981 Investments Total Earnings November 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 129,917.93 273,397.73 Current Budget 1 Ct0,000.00 200,000;00 1',200,000.00 Last Year factual 112,000.00 224,000.00 1,344,000.00 Average Daily Balance 166,568,219.77 167,678,011.36 Effective Rate ofReturn 0.95% 0.98°do trn, I certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment pohity statement filed with the City.Council on February 3,2014. A copy of this policy Is av bleat the office of C ty.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 In:n, ac` e to Corporatio Alisa Cu CITYTREASUREF Reporting period 11101120144113012tf'i4 Portfolio CITY AP Run Umv,OW/201S.1,1117 PM(PRF RAI)7_10 F`apaa Ver 7.3.3�u City of HB Portfolio Management Page I Portfolio Details -Investments November 30, 2014 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balartto Date Parvalue Market Valve Book Value Rate S&P 365 Maturity. Date. Federal Agency Issues.-Coupon 3153E[)TN2 4018 Federal Farm Credit Bank 0812612014 5,000,000.00 5,000,300,00 6,000,000-00 1330 AA 1.330 1,183 02/26/2018 3MBIM44 3953• Federal Home Loan Bank 12128/2012 5,000,00.00 4,999,260.00 OASO AA 0.650 758 IZ12812016 3130A0GL8 3996 Federal Home Loan Bank 1212712013 3,600,00000 3,602'520-00 3,600;000.00 1.250 AA 1,250 1,487 12/2712018 $130AOYE4- 4004 Federal Horne Loan Bank 0311212014 5,00,000.00 5,001;20.0,00 5,000.000,00 1.000 AA 1.000 924 06/12/2017 313OA2B62 4012 Federal Home Loan Bank 0612612014 5,000,000,00 5,004,900,00 5,000.000,00 1,500 AA 2.025 1,668 06126/2019 313OA2AH9 4013 Federal Home Loan Bank 06t2612O 1 14 5,000,000.00 $,093,750.00 4,998,514,93 1.600 AA 21035 1,668 0612612019 3130A--TG1 4017 Federal Home Loan Bank 0812712014 5,000,000-00 5,010,950.00 5,000,000.00 1.500 AA 2.052 1,730 0812712019 3134G3890 3940' Federal.Horne Loan Mort Corp 08/15,12012 6,000,000.00 4,999,750.00 5,0OD'000,04 0,875 AA 0,675 988 08/1512017 3134G3364 39$2 Federal Home Loan!"(t Corp 01/11/2013 5,000,000.00 4,977,900.0-3 6,000,000,00 1.000 AA 1.000 1,137 0111112018 3134G47G7 3980 Federal Home Loan Mort Corp 06/26W13 5,001,300,00, 5,000,000.00 1.400 AA 1.400 1,303 0612612018 3134G48C4 3995 Federal Home,Loan Mori Corp IZ27/2013 5,000,000.00 5,003,700.OD 5,000,000.00 1.150 AA 1,944 1,487 12/27/2018 3134G55H4 4010 Federal Home Loan Mort Corp 05128/2014 5,000,000.00 5,027,800,00 5,000,000.00 1.625 AA 1,625 1,458 1112812018 3134G55T8 4011 Federal Home Loarl,Mod Corp 06112/2014 5,000,000.00 5,000,950,00 5,00.0,000.00 0.700 AA 0,700 742 1 V1 Z1201 6 3135GORK1 3945 Fed.Nall Mort Assoc. 1110712012 5,000,000,00 4,967*80U0 51000,00 1 0,00 01,900 AA 0,900 1.072 11/07/2017 313SG07KI 3947 Fed,Natl Mort.Assoc, 1210712012 5,000,000,00 4,993,150.00 5,000,000.00 0,700 AA 1,002 1,161 1210612017 311361317E3 395O Fed.Nall Mort.Assoc. 12/26/2012 5,000,000,00 5,002,200.00 5,000,060,00 0,700 AA 1.042 1,121 12/28*017 3136GIA66 3961 Fed.Nail Mort Assoc, 12/2612012 5,00%000,00 5,002,050.00 5,000,000,00 0.700 AA 1'.053 1,121 12J26/2017 3136G1AY5 3955 Fed,Nall Mort Assoc. 01130/2013 5,000,000,00 5,001,500.00 5,000,000.00 0350 AA 1,078 1,156 01f3012016 3136G I CJ6 3957 Fed.Nail Mort Assoc, 02/2112013 5,000,000,00 4,955,850.00 5,000000,00 0.750 AA 1,193 1,178 02J2112018 3136G1E62 3961 Fed.Nat`(MarLAssoc, 0212612013 5,000,000,00 4,984,350„00 5,000,000.0D 0.600 AA 0,600 633 0012512016 3136G11EPC 39e4 Fed,Nat'l Mort.Assoc. 03117J2013 5,000,000.00 4,983,150.00 5,000,000m 1.100 AA 1.100 1,197 03112/2018 3135GOYA5 3978 Fed,Narl Mort,Assoc- 06119/2013 5,000,000,00 5,001,400,00 5,000;000.00 0.750 AA 0.760 70 12119/2016 313SG1NBl 3979 Fed.Nafl Mort,Assm 06/19/2013 5,000,000,00 4,W,050,00 4,986,647.56 0.800 AA 0,907 931 00912017 Subtotal and Average 121,418,271.83 113,600,000.00 113,592,770A0 113,696,1162.49 1.495 1,161 Pw Local Agency Investment Funds SYS982 982 Leff City 32,285,476.15 32,286,47515 32,285,475.15 0.261 0,261 1 Subtotal and Average 15,618,808AS 32,295,475.16 32,286,475.16 32,205,474�15 0.261 1 Corporate Bonds 037833AJ6 39-16 Apple Inc. 05/28/2D13 3,000,000.00 2,W,43b.00 2,905,007.77 1.0010, AA 1,151 1,249 0510312018 08466.4AT8 3896 BorksKre Hathaway Fin 08/2612011 1,310,000.00 1,31 5,392.34 4,350 AA 1,390,: 45 DIM512015 14912L4Y4, $930 Caterpillar Financial Corp. 0513012012 0 2, 0,000.00 2,000,620.00 2,000,164,02 1.1,26 A 0.911 14 12/1$12014 14912L5M 3936 Caterpillar Firtancal Corp. 0810312012 3,000,000.00 3,011,670,00 3,008,525,08 11100 A 0,S20 179 D512912015 36962G6RO 39% Gen"]Slectric Capital Corp 01/25/2013 ZOOOXO:Oa 2,011,520.00 2,000,43123 1,000 AA 0,980 403 01/0=016 3994 General Electric Capital Corp 12/26/2011 5;000,0=00 5,147,450.00 5,118,399,00 2,300 AAA 1.291 878 fD Portfolio CITY AP tun M11v 0140712015--1 1:17 PM:(PRF_PM. 2)7.3,0 Reperf Vet.7.3.3b CD City of HB Portfolio Management Page 2 Portfolio Details -Investments November 30, 2014 Average Purchase Stated YTM Days to maturity CUSIP Investment 9 Issuer Salance Date Far Value Market Value Book Value Rate S&P 365 Maturity Date Corporate Bonds .36982G6K5 4007 General Electric Capital Corp 05/1212014 2,500,cmoo 2,526,200.00 2,518,779.16 1 k600 AA 1.340 1,085, 1 1=/2017 24422ERSO 3948 John Dsere,Capital 12/11/2012 2,000,000.00 2,307,400,00 2,004,350.33 U50 A= 0,570 216 06/2912015 674599CB9 3977 Occidental Petroleum 05/2812013 3,000,000.00 3,341,130,00 3,044,682.54 1.750 A 1.059 $07 0211 5/20 17 713448CA4 3988 PEP51CO,INC 11/1912013 2,500,000.60 2,506,525.00 2,504,391,83 0,700 A, 0.448 256 0611312015 931142CX9 3943 Wal-Mart Stores 0811412012 3,023,856.65 1.500 AA 0,606 328 1012512015 Subtotal and Average 29,531,139.46 29,310,000.00 29,558,816,60 29,523,981.95 0.946 S72 Total and Average 166,568,219.77 175,195,475,15 175,437,061.75 17S,394,619.59 0A81 848 tJ Portfolio CITY A. P Pun DOW 31W=15-11:17 PM(PRFPM2)7,3,0 City of HB. Portfolio Management Activity By Type pose a November 1, 2014 through; November 30, 2014 Stated Transaction Purchases Redemptions OUSIP investment# issuer Mate pate or Deposits or Withdrawals Balance Federal Agency issues-Coupon 3130A0ZB9 4006 Federal'Home Loan Bank 1.050 11128/2014 0=00- 5,6a0,o00.00 313DAl UV8 4008 Federal Home Loan Bank 1;2,50 11/2112014 t7L00 5,000,000,00 Subtotal 0,00 10,000000.00 113,58S152_S Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.261 20,000,000.00 Q'00 Subtotal 20,000,000.60 0.00 32,296,475.16 Corporate Brands Subtotal 29,623,981.95 Total 20,000,000.00 10,000;00{1.00 175,394,619,59 f�J J r+ CD Portfolio CITY �+ AP �a Run'Date:01'1OV2015-,1.1a7 PM(PRF2103)7<3:11_ Report Vor,7.3,3b N v CD City of 1113 Portfolio Management Page I Activity Summary November 2013 through November 2014 Ylctld to I a ur!ly Managed Number Number Month Numb"of Average 360 365 Pool of Investments of investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity No 2013 36 165,557,574.93 0.8109 0.820 0.263 2 3 1,279 9QO2 December 2013 40 165,737,784.63 0.916 0.929 0.264 5 1 1,304 1,031 January 2014 40 177,491,428.43 0.892 0.904 0.244 2 1 1,259 988 February 2014 40 168,868,178.60 0.851 0.863 0;236 3 3 1,180 936 March 2014, 42 197,031,584.93 0.909 0.921 0-236 2 0 1,284 1,003 April 2014 42 196,436,692.66 0,908 ;0.921 0.233 0 0 1,284 977 May 2014 41 193,837,9.31.04 0-9162 0.975 6.228 3 4 1,286 977 June 2014 42 189,731,088.09 0.984 0.997 0228 3 2 1,298 979 July 2014 40 193,802,9129.47 0.978 0,902 0.244 D 2 1,298 946 August 2014 41 187,498,755.91 1,028 1,042 0,260 2 1 1,327 960 September 2014 41 1187,916,562-38 1.083 1,098 0,246 0 0 1,424 1,002 October 2014 37 168t752'003,21 1,126 1,142 0.261 0 4 1,450 1,023 November 2014 35 166,568,219.77 0.968 0,981 0,261 0 2 1,264 848 Average 40 0.955% 0,968% O246 2 2 1,303 $74 Portfolio CITY' AP Run Date,01107/2016-11 17 PM(PRE_PM4)7.3aO li6port Ver,7.3.3b .City of B Portfolio Management Page 1 Interest Earnings Summary November 30, 2014 November 30 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 142,500 00 270,062.65 Plus Accrued Interest at End of Period 497,190 28 497,190.28 Less Accrued Interest at Beginning of Period ( 498,777.71) { 480,314.88) Less Accrued Interest at PurchaseCuring Period ( 0,00) 0.00) Interest Earned during Period 140,912.57 286,938.05 Adjusted biPremiums and Discounts -14,345.20 -29,686,4,1 Adjusted by Capital.Gains or Losses; 0.00 10,073.67' Earnings during Periods 126,567. 7 267,325,31 Pass'Through securities, interest Collected 0.00 0.00 Plus Accrued Interestat End of Period 0.00 0.00 a 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 UO Cash/Checking,Accounts.: Interest Collected 0.00 14,715.50 Pius Accrued interest at End of Period 8,25 .71 8,283.71' Less Accrued:Interest at Beginning of Period 4,903.15) ( 16,896.70) Interest Earned during:Period 3,350.56 6,072,42 Total Interest Earned during Period 144,261.13 293,010.47 Total Adjustments from Promiums and Discounts .14,346.20 -29,686.41 Total Capital Cains_orLosses 0.00 10,073.67 Total Earnings during Period 129,917.93 273,397,73 r� CD Portfolio CITY AP --+ Run Dater g1ta7f2015-11t17' PM EPRF PP,16)7.3,0 Report Ver.7.3.3b 1 N W Investment101 State of California Pooled Money c Marketi 11130/2014 �:.. Carrying Cost'Ptu . ; : E e rip, lcsn' Accrued lriterest F'urch. ra Value iInterest United States Treasury: Bills $ 10,538,667,444.97 $ 10,646,275,000M NA Notes $ 18,513,014,023.84 18,543,501,500.00 $ 22,694,052.50 Federal Agency: SBA $ 553,499,874.74 $ 548,921,194.35 $ 505,5 6.51 MBS-REMICs 106,043,915,39 $ 113,799,308.91 $ 505,203.42 Debentures 1,859}336,454.92 $ 1,858,423,600,00 $ 3,706,154.50 Debentures FR $ _ $ - $ _ Discount Nests $ 1,099,463,750 O0 $ 1,099;927,000.00 NA GNMA $ $ Su ranational{debentures $ 450,249,234,19 $ 450,669,000.00 $ 514,159V CDs and YCDs FR $ - $ $ Bank Notes $ 4€10,000,000.00 $ 399,885,438.8& $ 132,888.88 CDs and YCDs $ 6,850,026,364M $: 6,847,124,343.87 $ 4,180,201Al Commercial Paper $ 4 919,049,528.28 4, 19,582,669-15 NA Co orate: Bonds FR $ _ $ $ Bonds $ $ - $ _ E222LChase A regiments $ - $ $ Reverse<Re urchase $ - $. - $ - Time Deposits 4,986,240,O00.00 $ 4,986,240,000.00 NA AB 55&GF Loans $ 9,554,876,467.74 $ 9,554,876,467.74 NA TOTAL $ 59,830,467805Be45 $ 59,869,225,522.90 $ 32,238,226.22 Fair Value Including Accrued Interest $ 59,901,463,749.1.2 Repurchase Agreements,Time Deposits,AB 55&General Fund leans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost) Item 1. - 24 H13 -32- Statement of Cash Receipts and Disbursements and Summary of Cash,by Fund Finanr , �e Department November 2014 Cash Receipts and Disbursements October 2014 November 2014 Receipts Property Tax Receipts $116,849 $2,658,599' Utility Tax(receipts ( UT) 1,903,024 1,658,310 Sales Tax Receipts 1,767,000 2,356,000 1/2 Cent Safety Sales Tax Receipts 140,557 191,411' Highway users Tax Receipts (HUT) 507,513 - Transient,Occupancy Tax Receipts (TOT) 714,687 71.8,971 Government,Funds 343,033 19,375 Capital Funds 798,455 1,434 Debt Service Funds - Enterprise Funds 5,357,284 4,129,608 Fiduciary Funds 1,242,828 1,132,256 Internal Service Funds 699,017 498,058 Special Revenue Fonds 2,361,417 958,454 All tither Receipts 4,820,652 4,464,663 Total Receipts $20,772,315 $18,987,139 Disbursements Total Disbursements (21,899,400) (20,723,5U1) Net Change in Cash Flow t$1,127,086) ( 1,736,362) Summary of Casty by Fund October 2014 November 2014 General Fund 53,691,336 50,992,628 Government Funds 937,128 835,053 Capital Funds12,333,765' 12,307,523 Debt Service Funds 6,687 5,662 Enterprise Funds 84,271,375 84,493,869 Fiduciary Funds 11,13 ,530 11,432,348 Internal Service Funds 6,227,983, 5,340,671'. Special Revenue Funds 21,416,612 21,M,735 General Ledger Cash Balances 189,015,417': 186p634,479'' ". Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences. Mote, Above information was obtained from the City's accounting system record&. 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 Casty Receipts&Mbursements-November 2014.yJzx 121912014: HB -33- Item 1. - 25 INS P 4 yaAeoBATtA r+ City of Huntington Beach 2000 Main St. Ci 4f H Huntington� � Beacti,. N ar . Portfolio Management Portfolio $ummary 'A,, December 31, 201 Par Market Book %of Daysto YTM YTM Investments Value value Value Portfolio Term Maturity: 360 Equly, 366 Equiv. Federal Agency Issues-Coupon 126,000,000,00 124,503,550.00 124,981,845.37 6ss7 1.609 1,183 1.239 1,?57 Local Aoenty Investment Funds 32,255,475.15 32,285,47515 32,28$,476,15 17- 20 1 1 0,263 0,267 Corporate Bonds 30,310,000,60 N,424,269,€0 30,479,599,97 16.23 1,210 786 1,118 1.1.33 167;595,475,1'S 187,313,294,75 197;746,920.49 100,00Qt 1,268 915 1,052 1,066 investmernts. Cash and Accrued Interest. Accrued Interest at Purchase 34,863.89 34,80189 Subtotal 34,863,80 34,663.89 Total Cash and Investments 187,595,475..15 187,348,158.64 187,781,784.38 1,268 915 1.052 1.066 Total Earnings December 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year _ 140,96014 414,357.€7 Current Budget 1 DO,000.40 300,000.00 1,200,000.00 Lost Year Actual 11.2,000,00 336,000.00 1,344,000.00. Average Daily Balance 179,431,920.78 171,638,567.79 Effective Rate of Return. 0.92% %96% I certify,that-this report;accurately reflects all City pooled investments and is in conformity v4th all State lays and the investment policy statement fled vhth the City Council on February 3,2014. A copy of this policy is available at the office of the i Clerk.The investment program herein s; r quid' to meet t g provided by Union City p 9 hpwn,p provides sufficient cacti' 1y-fiow liquidity he next six m;on#h's obligations. httsrke#Valdes r Bank v Interastive.a csr oration,- � i Alisa Cutchen,_CITY TREASURER Reporting,period 1210112014-12t3112014 Portfolio CITY AP Run Dale:01113r'013-12.35 Pik 4PRF,,PW)7,3 0 Report Ver,7.3.34 City of 1-113 Portfolio Management Page I Portfolio Details- Investments December 31, 2014 Average Purchase Stated YTM Days to Maturity CUSUP Investment# Issuer Balance bate Par Value Market Value Book Value Rate S&P SUS Maturity Date Federal Agency issues-Coupon 3133EDTN2 4018 Federal Farm Credit Bank 08/2612014 5,000,000m 4,995,050,00 S.O00'000= 1,330 AA 1.330 1,152 OV2612018 313381 M44 3953 Federal Home Loan•Bank 12/2812012 51000,000.00 4,984,850,00 5,000,000,00 0,650 AA 0,650 727 12/28,12016 �313OA2AH9 013 Federal Home Loan Bank 0612612014 1 5'000.000'00 5o71,250,CO 4,998,542,01 1,500 AA 2,035 1,637 06/26/2019 `3130A2TG1 4017 Federal Home Loan Bank 0812712014 5,000,000,00 5,003,600,00 5,00o'000,00 1,500 AA 2,052 1,690 08/27/2019 3130A3PA6 4020 Federal Home Loan Bank 12J3012014 5,000,000'00 4,975,700,00 5,000,000,00 !,$so AA 1.892 1,824 1213012019 313CA3KFO 4021 Federal Home Loan Bank 12/18/2014 5,000,000.00 4,988,900,00 4,997,518:06 1,500 AA 2,112 1,812 12118/2019 3130A3KU7 4022 Federal Home Loon Bank 12112,12014 5,0010,000,00 4,986,450,0 5,00,060.00 1,625 AAA 2,035 1,806 1211212019 313OA3'7A2 4038 Federal Home Loan Bank 12/3012014 5,000,000.00 4,937,550',00 4,998,701,38 1,000 AA 1,010 957 08/15/2017 3134G3B90 3940 Federal Home Loan Mort Corp 08/15,2012 5,000,000,00 4,984,350,00 5,000,000.00 0.875 AA 0,875 957 08115'2017 3134G33134 3952 Federal Home Loan Mort Corp 01111/2015 5,000,000.00 4,960,100,00 5,000,000,00 1,000 AA 1.000 1,106 01111/2018 3134G47G7 3980 Federal Home Loan Mort Corp 06126,12013 5,000,000,00 4,973,400,00 5,003,000,00 1,400 A,4, 1,400 1,272 0612612018 3134G55H4 4010 Federal Home'Loan Mort Corp 0512812014 5,000,000.00 5,016,800,00 5,000j000,00 1,626 AA 1.525 1,427 11/28/2019 31 34GS5TS 4011 �ederal Home Loan Mort Corp 06/12=14 sxoxiuo 4 993,900,00 5,000,0moo D'700 AA 0,700 711 12112/2016 3134GSTD7 4035 Federal Home Loan Mort Corp 12/26!2,Gi4 5,000,000m 5,002,550,00 5,000,000.OD 1.375 AA 1�375 1,090 12126/2017 3134GSUS2 4037 Federal Home Loan Mort Corp 12/26112014 um000fici 5,004,850:00 5,0r,0,000,00 1.700 AA 1.700 1,455 12/26/2018 3135GORK1 3945 Fed.NO Mort.Assoc. 1110712012 5,000,000m 4,966,000,CO 6,000,000,00 0'900 AA 0.901) 1,041 11107/2017 Y' 3136G07KI 3947 Fed.Natl MorL Assoc, 12/07/2012 5,000,000.00 4,973,900,00 6,00,000'00 0,700 AA 11,D02 1,070 12106/2017 3136G17E3 3950 Fed.Nati Mort Assoc. 1212612012 5,000,000= 4,984,$00,00 5,000,000.00 0.700 AA 1,042 1,090 12/26/2017 3 136G I A66 3961 Fed,Natl Mort.Assoc. 12/26/2012 5,000'000'00 4,081,450,00 5,000,000,00 0700 AA 1,053 1,090 12/26/2017 3139G1AY5 3955 Fed,Nati Mort,Assoc, 0113012013 5,000,000.00 4,932,950,CO 5,000,000.00 0,7$0 AA 1.078 1,125 01130/2018 3136G1CJ6 3957 Fed,Nat'l Mort-As sm 02/21=13 5,000,000.00 4,933,650,00 ';5'000'OOb'00 0750 AA 11A93 1,147 02/2112018 3136G1E62 3961 Fed,Natl Mott,Assoc. 0212&12013 5,0DO'cl0000 4,970,450,00 5,000,000,00 01600 AA 0,600 602 08/25/2016 3136G1EPO 3964 Fed,Nat'l Mort.Ass= 0311=013 5,000,000= 4,955,400,00 S'000'000.00 1,100 AA 1A00 1,166 0311212018 3135GOYA5 3978 Fed,Natl Mort.Assoc. 06/1912013 5,000,000.00 4,986,900ZO 5,000,000,00 0,750 AA 0,750 718 1211912016 3136G*,NBI 3979r Fed,Natl Mort.Assoc. 0OV2013 5,000,000.00 4,938,85040 4,987,083,92 01800 AA 0,907 900.06/19/2017 Subtotal and Average 1116,622,910X4 125,000,000.00 124,603,660.00 124,981,845.37 1.257 1,183 Looal Agenq.Investment Funds SYS982 982 Laff City 32,285,475.15 32,285,475.15 32,285,475,15 0,267 0,267 Subtotal and Average 32,246,475,15 32,285,475.16 32,286,475.15 32,285,476AS 0.267 1 Corporate Bonds 037833AJ6 3976 Apple Inc, 05,28120113 3,000,000.00 2,95$,480,00 2,985,372,85 1,000 AA 1151 1,218 015/0312 016 084664AT8 3895 Berkshire Hathaway Fin 08/2612011 1,310,000.00 1,311,519,60 1,31,1,7,15.75 4,850 AA 1,390 14=0111512015 14912LSP2 4024 Caterpillar Financial Corp, I W1 0/2014 3,000,000,00 21'979,15UO 2,976,434,11 1,300 1.556 1,155 03/0112018 36962GSWO 3994 GeneralElactrIc Capital Corp 12J26/201.3 5;000;000'oc 5 121,250.00 5,114,29742 2,300 AAA 1.291 847 0412712017 Portfolio CITY AP i--A Run OWei 0111W12C,15-12i35 PM(PRF-PM2)73,0 Repon Vet 7:3,3b CD City of HB Portfolio Management Page 2 00 Portfolio Details -Investments December 31, 2014 Average Purchase Stated YTM Days to maturity CUSIP Investment# Issuer Balance Date PArvalue marimtvalue Book Value. Rate S&P 365 Maturity Date Corporate Bonds 36962GSK5 4007 General Electric Capital Corp 05/12/2014 2'500'000,00 2,515,350.00 2,518,25115 1.600 AA 1L340 1,054 1117D/2017, 36962G6VW 4036 General Electric Capital Corp 12/19/2014 2,000,000m 2,003,060.00 2,011,595,18 1.625 AA 1,442 1,187 04/02J2013 24422ERSO 3948 John Deere Capital 12/1112012 2,000,000,00 1,004,600,00 2,003,7212,86 0.950 A 0,570 179 0612912015 674599CB9 3977 77 Occidental Petroleum 05/2812013 3,000,OD0.00 3,017,310.00 3,042,994,29 1,75D A 1.059 "776=D2/1612017 71344.SCA4 3988 PEPSICO INC 11/1912013 2,500,000.00 2,504,700,60 2,503;868.99 0,700 A DA48 224 D811312015 89233KE0 4023 Toyota Motor Credit 12/,10/2014 3,000,000.00 2,984,070,00 2,989,693.65 1.375 1,491 1,106 DI/10/2018 931,142CX9 3943 Wal-Mart Stores 08,/1412012 3,000,000.00 3,027,780.00 3,0211,647,70 1.500 AA, 0,606 297 10/25/2015 Subtotal and Average 30,523,634.99 30,310,000.00 30,424,269.610 30,479i699,97 1.133 786 Total and Average 179,431,920.73 187,695,475.16 187,313,294.76 187,746,920,49 1.066 916 CC Cif Portfolio CITY AP Run Date:01t1,;k01$-12:35 PM(PRF_Pt,112)73.0 City of 1113 Portfolio Management Page 3 Portfolio Details -Cash December 31, 2014 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Parvalue Marketvatue Book Value Rate -- S&P 365 Maturity Average Balance 0.00 Accrued Interest a:Purchase 34,863.89 34,863.89 Q, Subtotal 34,863.89 3?F,863,89 Total Cash and Investments 179,431,920.78 187,SSS,475.16 187,348,158.64 187,781,78438 1.066 915 Y—i CD Portfolio CITY AP i--A 'Run oww,OV13"2015.1135 FM @PRF_PM2)7.3.4 N CD City of 1-113 Portfolio Management w Page I o Activity By Type December 1, 2014 through December 31,, 2014 Stated Transaction Purchases Redemptions GUStP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3130ADGLe 3996, Federal Home Loan Bank 1.250 12/29=14 UO 3,600,000.00 3130AOYE4 4004 Federal Home Loan Bank 1,000 12/12/2014 0.00 5,000,000;00 3130A2B62 4012 Federal Home Loan Bank 1"5O0 I2/262614 6aoo 5,000,060,00 3130A3PA5 4020 Federal Home Loan Bank 1:650 12W12014 5,000,000.00 0.00 313DA3KFC 4021 Federal Home Loan Bank 1,500 12,118120114 4,07,500,00 0.00 3130A3KU7 4022 Federal Horne Loan Bank 1.625 121212014 5,000,000:00 0,00 3130A3TA2 4038= Federal Home Loan Bank 1,0010 1213012014 41998,700,00, 0.00 3134G4RC4 3995 Federal Home Loan Mort Corp 1A50 12/2912014 O.Oc 5,000,000W 31-34G5TC;7 4035 Federal Home Loan Mort Corp 1-375 12126/2014 5,000,000.00 0.00 3134G5U52 4037 Federal Homo Loan Mort Corp 1,700 1212612014 5,000,000.00 0.00 Su Kota] 29,996,200.00 18,600,000.00 124,9811,845.37 Local Agency Investment Funds (Monthly Summary) $ubtolaU 32,285,476.16 Corporate Bonds 14912L4Y4 3930 Caterpillar Financial Corp. 1,125 1211512014 14912LOS 3936 Cattrpil(Ar Firatr4al Corp. 1,100 I2f1012014 0.00 3;008,094.04 149121-5P2 4024 Caterpillar Financial Corp. 1.300 1211012014 2,976,000,00 0,00 36962G6RO 3956 General Electric Capital Corp 1,000 1211912014 0.00 2,000,413,58 36962G6M 4036 General Electric Capital Corp 1,625 IV 9/2014 2,011,714.00 0100 89233P7E0 4023 Toyota Motor Credit 1.375 1 Z11 012014 2,969,500.00 0.00 Subtotal 7,07,214.00 7,008,607.62 30,479,09.97 Total 37,973,414.00 25,609,507.62 187,746,920.49 Portfolio CITY AP R,jn Dwe;(1111 W2015 3235 PM(PRF-PN13)7AO Report Vet.7.3,3b City of HB Portfolio Management Page I Activity Summary December 2013 through December 2014 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of investment;? of Investments Average Average End Year seturifies Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity December 2013 40 165,737,784.53 0.916 0.929 0264 5, 1 1,304 1,031 January 20114 40 177,491,428.43 0.992 0.904 0,244 2 1 1,259 988 February 2014 40 188,868,178.60 0.851 0.863 0236 3 3 11,180 936 March 2014 42 197,031,584M 0.909 0.921 0236 2 0 1,284 1,003 April 2014 42 196,436,592.56 0.908 0.921 0.233 0 0 1,284 May 2014 41 193.837,931,04 0.962 0;975 0228 3 4 1,286 977 June 2014 .42 189,731,088.09 0M4 0.997 0.228 3 2 1,298 979 July 2014= 40 193,802,929.47 0.978 0.992 0.244 0 2 1,298 946 August 2014 41 187,498,755.91 1.028 1.042 0.260 2 1 1,327 960 September 2014 41= 187,916,562.38 1.083 1,098 0.246 0 'G 1,424 1,002 October 2014 37 168,752,003.21 1.126 1,142 0.261 0 4 1,450 1,023 November 2014 35 166'568,219.71 .0.968 0M1 0.261 0 2 1,264 $48 December 2014 37 1791431,92078 1.052 1.066 0.267 9 7 1,268 915 Average 40 1184,037,979,74 0.974% 0.987% 0147 2 2 1,302 968 Portlolio CITY AP Rin Date:0111312015,-1235 PM(PRF-PM4)7.3.0 • eport Ver.7.3.3b fD City of 1-113 Portfolio Management Page I Interest Earnings Summary December 31, 2014 December 31 Month Ending Fiscal Year To Date CDICoupon/Discount Investments' Interest Colfected 359,022.21 629,084,86 Plus Accrued Interest at End of Period 27080.03 279,08C}m Less Accrued Interest at Beginning of Period 497,190,28) 480,314.88) Less Accrued I.riterest at Purchase During Period 0.00) 0,00) Interest Earned during Period 140,911.96 427,850.01 Adjusted by Premiums and Discounts -12,605.48 -4.2,291.89 Adjusted by Capital Gains or Losses 5,332.38 15,406.05 Earnings;during periods, eriods 133,638.86 400.964.17 .................... Pass Through Seturitles, Interest Collected 0.00 0.00 Nus Accrued Interest at End of Period UO OM 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 UO Adjusted by Premiums and.Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.06 UP Earnings during Periods 0.00 0.00 'CashlChocking Accounts, Interest Collected A00 14,715,50 Plus Accrued Interest at End of Period 15,574.99 15,574.99 Less Accrued Interest at Beginning of Period 8,25171) 16,896.79) Interest Earned during Period 7,321.28 13,39330 Total Interest Earned during Period 148,233,24 441,243.71 'Total Adjustments from,,Premiums and Discounts -12,605,48 42,291.89 Total Capital Gains or Losses 5,33Z38 15,406.05 Total Earnings during Period 140,900,14 414,357.87 Portfolio CITY AP Run DaW OVIU2015-I235 PM(PRF PMB)_ �7.3,0 fkeport Vef,73,3b State of California Pooled oney Investment Account Market Valuation 12131/2014 01 .; Garrys Cost Plus Descr ptltin ed.Irate+est P14rc , Atttcar tz�d Cost Fair 4 a1ue Aeeru d i t r st z United States Treasu Bills 10887,243,396.32 $ 10,893,046,311,71 $ 10,892,425,500.00 NA Notes $ 17,710,184,296.49 $ 17;748;96904.53 $ 17,712,248,009.o1 $ 16,255,025M Federal enc aE3A $ 546,751,742.21 $ 546,751;742.21 $ 542,196,891,53 $ 499,449.17 MSS-REMICs $ 104,044,287.57 $ 104,044,287.57 $ 110,871,394:73 495,6001,80 Debentures $ 1,86 ,527,095.00 $ 1,855 522,92&42 $ 11855,996,S51):{I0 $ 3,71D,279.75 Debentures Fly $ - $ - $ - $ Discount Notes $ 1 349,432,083.34 $ 1,349,892,944A4 $ 1,349,948,O(M-00 NA CNi A $ - $ $ - $ _ Su ranationat Debenture $ 4 r0,246,56U9 $ 450,199,69 .19 $ 44%536,000.00 $ 759,031-50 CDs and YCDs FR $ - $ - $ - $ Bank Notes $ 500,000,000,00 $ 500,000,t7uuo $ 499,853,180.04 $ 220,944,45 CDs and YCDs $ 9,450,0 ,464,82 $ 9,450,006,464M $ 9,446,064,558.99 $ 4,073, 58.30 Commercial Paper $ 5,468;678,264.43 $ 5,469,479,43827 5,468 593,770.00 N Corporate: Bands FR $ _. $ - 4 Bonds $ - $, Repurchase A reements $ - $ - $ $ - Reverse Repurchase $ - $ $ - $ Time Deposits $ 5,035,240 000.00 $ 5,035,240;000.00 `$ 5 035,240,000M NA AB 55&CF Loans $ 6,910,533,52159 $ 6,910,533,52 .59 $ ,910,533,523.59 NA TOTAL $ 0,268,887,722.0.5 $ 60„274,686,368.75 $ 60,273,503,768,88 1 28,014:29fl:47 Fair Value including Accrued interest $ 60;299,518,059.35 Repurchase Agreements,Time D6posits,AB 55&General Fund loans,and Reverse Repurchase agreements are carried at portfolio book value(carrying cosh. The value of each participating;dollar equals the fair value divided by the amortized cost(4,99998038) As an example:if an agency has an account balance of$20,000,000.00,then the agency would report its participation in the LAAlF uatued at$19,999,607.60_oi $ 0,000,000:00x_o.99998038. HB -41- Item 1. - 33 Statement'csf Cash Receipts and Disbursements and, Summary of Cash by Fund Finance Department December 2014 Casts Receipts and Disbursements November 2014 December 2014 Receipts Property Tax Receipts $2,658 599, $25,057,675 Utility Tax Receipts (UUT) 1,858 310 1,576,916 Sales Tax Receipts 2.,356,000 2;882,928 112 Cent Safety Sales Tax Receipts 191,411 242,380 Highway Users Tax Receipts (HUT) 1,087,456 Transient.Occupancy Tax Receipts (TOT) 718,971 563,375 Government Funds 19,375 939,906 Capital Funds 1,434 2,754,087_ Debt Service Funds - Enterprise=Funds' 4,129,608 6,195,433, Fiduciary Funds 1,132,256 2,460,904 Internal`Service Finds 498,058 548,002 Special Revenue Funds 958,454 2,103,297 All Other Receipts, 4,464,663 939,586 Total Receipts $18,987,139 $46,145,946 Disbursements Total Disbursements (20,723,501) (22,448,92f) Net Change 6n Cash Flow ($1,736,362) $23 697,020 Summary of Cash by Fund November 2014 December 2014 General Fund 0,992,628 67,317,5,87 Government Funds 835,053 1,509,356 Capital Funds 12 307,523 14,47-1,939 Debt_Service Funds 5,662 5,662 Enterprise Funds 84,493,859 86,020,660 Fiduciary Funds 11,432,348 12,987,011 Internal Service Funds 5,34O,671 5 589,984- Special Revenue Funds 21,226,736 22,114,953 General Ledger Cash Balances 186,63 ,479 210,017,152 Total cash will differ from investment portfolio Metal due to outstanding checks and/or other timing differences. Note: Above information was obtained from the C ty`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 compliancewith the City's Charter. Statement of Casa Receipts&,Disbursements December 2014.x1sx 11912015 Item 1. - 34 HB -42- w S CG w Period .finding: December 31, 2014 Alisa Cutchen, CCMT, CPFIM CD City Treasurer W ............. ........ Por Investment Summary $ in Millions Market Book of Investment Type Value Value Portfolio Federal Agencies $ 124. 6 $ 125 .0 67% LAI F 32.3 32 . 3 17% Corporate Notes 30.4 30. 5 16% Totals $187.3 $187.7 100% Pr 0 rtfo li,o Ove, Investments by Type A % ofBook Value- 16% Federal Agency. Issues Local Agency ;y Investment Fund (LA IF) y ' S Corporate Bonds CD ........ ._._............ . . .................................................... . W r-r- c� r W 00 P-o,r f-b/z, I o 0,.v, t r v i ew,, Historical Book Value $ in millions $204.5 $196:4 $20C} $196.4 1 96.4 $167.4 r $166.9 $187.7 - $174 5 O $178.3 $175.4 $165.4 All, PANIF $150 ` IN //i Me `� i $10{? y $50 07 �< �j $4 ,„, .. 'Il cp 01��� �evL°� ��'eS"� e h�Ch h��•j Porl "Itf/ 0-111 0 Issuer Breakdown CASH 5 2 NM r� MAA 1!,01 i \\` 16.52% 16 52% FHLB FHLMC i 4.5 7% GE 2.37% FFCB 1 4496 i �i3K 1 42% 1,41% 140% 11c OXY WMT TOYOTA CAT AAaL PEP 17.95 m p 63% OEBRK ly � ISSUER BREAKDOWN 12/31/14 W �j Portfolio Performance. HistoricaL Rates 2 -year Treasury ................ ......................... ............ ....................................................................... ............................................. .................................................... ............................................ ............................. ................................... 0;66% 0 6 ............ ---—---- ....................... ........ ................ 0,52% 0,51% ............................................................................. .................... ................................... ................................................ 0.53 Ar 0.42% 0.45% 0.47% —-......................... —---------- ...... .............. 0.40% As of 0,39% Jail 2, 0.33% 2015 0.iltll�l ..........................---)OW .............. ............. .......... ............................... $A ................. tom , Z-F- ST y, e Or M Portfolio Performance. ..As of FYE 12 / 31 / 14 oMonthly Earnings for December 2014: $140,96o vs. budgeted: 1009000 •Fiscal Y'TD Earnings through Dec. 2014: 414935 vs. budgeted: 3009000 ®Fiscal Y'TD Effective Rate of Return: o.9 6 vs® benchmark: 0®36% ®Benchmark per Investment Policy: Average of monthly LAID rate and 12-month CD rolling average 2-year Constant Maturity 'Treasury Date CD Treasurer's Mission: Preservation and Return.pLinvestment a Objectives in Absolute Order of Priority: **** Safety of Principal 10 * Adequate Liquidityo *.** Market Rate of Return The City Treasurer continues to meet these objectives / No Losses � ^ \\ \\ ��\ f \ . \ \ RRaG Item 1. - 43