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2016 City Treasurer - Investment Summary Report
Dept. ID CT 16-005 Page 1 of 1 Meeting Date: 11/7/2016 Approved 7-0 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 11/7/2016 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 2016 Quarterly Investment Summary Report Statement of Issue: Receive and File the City Treasurer's Quarterly Investment Report for September 2016, 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 2016, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s) Deny or critique Monthly Report. Analysis: Not Applicable. Environmental Status: Not Applicable. Strategic Plan Goal: Strengthen economic and financial sustainability. Attachment(s): 1. Treasurer's Quarterly Investment Report for September 2016 2. Treasurer's PowerPoint Presentation for September 2016 CGftly of Huntington Beach Treasurer's kivenstment Report Quarter Ending: September 2016 Prepared by: Alisa Cutchen, GC O T, GPFIM - City Treasurer 11Page Economic and Market Overview: Market Summary Federal Funds Rate 30-Year Treasury S&P S00 DOW July 31, 2016 0.25-0.50% 1.46% 2,173.60 18,432.24 August 31, 2016 0.25-0.50% 1.58% 2,170.95 18,400.88 September 30, 2016 0.25 -0.50% 1.60% 2,168.27 18,308.15 August-Sept%Change 0% 1.27% -0.12% -0.50% The Federal Open Market Committee (FOMC) met in September to discuss the current state of the economy and to examine potential future interest rate hikes this year. After this meeting, the Fed released an official statement explaining that "The Committee judges that the case for an increase in the federal funds rate has strengthened; but have decided, for the time being, to wait for further evidence of continued progress toward its objectives." Because the Committee seeks to foster maximum employment and price stability, the Committee decided to maintain the target range for the federal funds rate at 'Y< to Yz percent at this time. Fixed Income Markets: The yield on the 10-year U.S. Treasury finished the quarter at 1.60%, up from 1.49% from the previous quarter for a 7.38% increase quarter over quarter. The S&P 500 and the DJIA increased at 3.31% and 2.11% respectively for the same time period. In the third quarter of 2016, both the bond and equity markets posted strong gains to close out the quarter. This increase in yield may be partially attributed to the continued growth of economic activity as compared to the modest pace seen in the first half of this year. Employment: The U.S. gained a healthy 156,000 jobs in September with the largest increases in professional and business services, education and health, construction, and retail services. According to the labor department, the unemployment rate increased slightly from 4.9% to 5.0% quarter over quarter as more people entered the labor force in search of work. As a result, the labor participation rate for September increased slightly to 62.9%. Over the past 3 months, job gains have averaged 192,000 per month, as compared to an average of 147,000 per month in the second quarter of 2016. This solid jobs report is an important indicator that reflects some moderately-paced U.S. economic growth. 2 1 P a g e At a glance: the September jobs report Unemployment rate : By selected industies it,awusonds Hefession 0% Mining/logging pe/roJ Constructp �3 8 13�curing 6 Wholesale trade 9.7 Retail trad P 22 108 109 '10 '11 '12 '13 '14 '15 '16 4 t Tra9"ation and warehousing Monthly jobs growth it?vwusawis l�lil� I III_I'II I'"Iv.I I I IIId�II I�dhill�dlu�II�II��I�II�I� -600 Utilities 10.4 Rcp' 17 400 Informati11 on P 200 Financial activ it ies e M 6 Professional and b usiness services 200 67 400 : Education and es soo Leisure and hos itality -goo is 1000 ' Government '08 '09 '10 '11 '12 '13 —'14 '15 '16 11� Source: Bureau of Labor Statistics 3 1 P a g e Portfolio Overview: As of September 30, 2016: %of YTM Investment Type Market Value Book Value Portfolio 365-day Policy Limit Federal Agency Issues 132,362,700 132,433,200 69% 1.28% None Local Agency Investment Fund (LAIF) 22,462,282 22,462,282 12% 0.63% $65 million Corporate Bonds 37,678,310 37,624,852 19% 1.38% 30% Total Portfolio $192,503,291 $192,520,333 100% 1.22% As of September 30, 2016 the market value of the City's investment portfolio was approximately $192.5 million, with a book value of $192.5 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. Portfolio Composition: Investments by Type as of September 30, 2016 Corporate Bonds 19% \ Federal Agencies 69% LAIF 12% 4 Page 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 are obligations of corporations. All corporate bonds 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/laif.asp 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. Portfolio Earnings and Performance: 2016 Monthly Earnings History $250,000.00 $200,000.00 $150,000.00 $100,000.00 $50,000.00 $0.00 `�o�e� ,���e `¢��e 9cJa� ¢�`Ja� air PQ jai 'Jce 6,J\a OtiyO h#o N ,y 6Q Otib� �O,tiO O,yO Oti6 1Oy y6P yyQ ,L vO,y goy .y ,O 'y 'b �O ryoyo Monthly investment earnings for September 30, 2016 were $196,054. The monthly effective rate of return was 1.14%, with a fiscal year-to-date effective rate of return of 1.12%. This compares favorably to the previous year's monthly earnings of $172,677 and monthly effective rate of return of 1.09%, for the same time period in 2015. 5 1 P a g e Fiscal YTD Month Ending 09/30/16 2015116 Total Earnings: Current Year $ 196,054 $ 2,300,386 Current Budget $ 110,000 $ 1,320,000 Last Year Actual $ 172,677 $ 1,981 ,542 Effective Rate of Return 1.14% 1.12% The investment portfolio earned a solid annual effective rate of 1.12% for fiscal year of 2015/16, with annual earnings of just over $2.3 million. These earnings are utilized to offset taxpayer funds for city operating expenses, capital projects, debt repayment, and other uses. Portfolio Activity: (For details of portfolio activity, please see the Sympro reports attached entitled "Activity Report') Monthly Activity: For the month ending September 30, 2016, $10 million in federal agencies were called or matured. $3 million in corporate bonds were purchased and $3 million in corporate bonds matured. $16 million was transferred from LAIF to the operating account over the month. Quarterly Activity: For the quarter ending September 30, 2016, a total of $17.5 million in federal agency securities were purchased with $26 million in federal agencies called or matured. $34 million was transferred from LAIF to the operating account over the quarter with a deposit of $46,689 for interest earned from quarter ending September 30, 2016. $3 million in corporate bonds were purchased and $3 million in corporate bonds matured. Compliance: The portfolio is in conformity with all relevant State regulations and the City's Investment Policy statement as approved by the City Council on November 5, 2015. The investment program herein shown provides sufficient cash flow liquidity to meet the next six months' obligations. 6 1 P a g e Additional Information: Retirement Plan Information as of June 30, 2016: (Due to the delay in statement receipt, information is from previous quarter.) City of Huntington Beach -PenslonfTrust Plans -Market Value Summary Deferred Compensation Plan Summary Information as of June 30,2016 Beginning Conuibulions Distributions/ Earnings Other Fees/ Self Directed Ending Balance Transfers (change In Adjustments Option Balance Balance (4-1-16) value) (Nationwide (6.30.16) Gain/Loss/ Only) RepoNng Is Quarterly Interest ICMA Retirement Corporation(457 Plan) $42,393,404 $565.350 ($762,293) 5472,178 ($2,955) $42.665,682 Nationwide Retirement Solutions(457 Plan) $74,031,816 $829,373 ($837,803) $1,237,662 ($1,450) $1,288,018 $76,647,616 Total Deferred Compensation Plan Balances $116,425,220 $1,394,723 ($1,600,096) $1,709,838 ($4,405) $119,213,298 City of Huntington Beach Retiree Medical Trust Summary Information as of June 30,2016 Beginning Contributions Distributions/ Investment Other Fees/ Ending Balance Transfers Earnings Adjustments Balance (4.1.16) (changein (6-30-16) RepoNng Is Quarter value) Cal PERS Retiree Medical Trust Account $20,187.580 $1.529,000 $0 $603,965 ($4,308) $22,316,243 City of Huntington Beach Supplemental Pension Trust Summary Information tmonfhly reporting,not quarterly) as of June 30,2016 Beginning Employer Interest& Realized Change in Other Trust Ending Balance Contributions Dividends Gain/Loss Unrealized Fees/ Balance Plus Net Gains/Losses Adjustments (6-30-16) (6-1-16) Accrued RepoNng Is Monthly Income US Bank Supplemental Pension Trust Account $45,496.907 So $90.035 ($1,973,650) $2.048.448 ($5,884) $46,666,868 71Page Bond Reserve Accounts - Balances as of September 30, 2016: Summary of Huntington Beach Bondlssue-- Reserve Accounts Reserve Account Investments As of September 30,2016 Value as of Federal Money Market Bond Issue: Sept30,2016 LAW Agency Issues Funds H.B.PuH'c Fuwne2g Aulxaty lease ReWng Bonds 2010 Series A 1,242,684.40 1,242,684.40 H.B.PuVc Finmcing AutWy(Cap'al lmproverw Refna)6 grSedor Cooler) Bonds 2011 Series A 3,712,331.70 3,712,331.54 0.16 RederdopnenlAgency of H.B.-1999 Tax Albc.-&Rebrdng Bonds(1/3 of 1994 753,001.01 753,000.00 1.00 0.01 Rede,iftmentAgencyofH.B.-2002 Tax AlbcffmRelmdng Bonds(7!3of1991) 1,688,032.48 646,790.47 1,013,070.00 28,172.01 H.B.Comnurny Fadifes aWct No.199012001 Sperm Tax Bads(GOJeeuestE6s) 172,833.37 172,433.16 400.21 H.B.ConmunyFaci'itesastla No.2tb012013Spedal Tax Bonds(GrandCo,vt-Hya� 1,091,867.52 1,091,867.52 H.B.Commay Fac)fes Wkict No.2002.1202 SpeA Tax Bonds(McDrmel Cents Business Pak) 455,165.72 455,165.72 H.B.Conmuniy Faci'ifesaslictNo.2 0 031 2013 Speck Tax Bads (Hunf(gon Cenbr-Bella Tena) 1,680,748.67 1,680,748.67 TOTALS: $ 10,796,665 $ 5,739,721 $ 1,013,071 $ 4,043,873 8 Page %TIN6rp City of Huntington Beach City of HB 2000 Main St. Portfolio Management Huntington Beach, Portfolio Summary �DUNTY Zp� July 31, 2016 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 142,405,000.00 142,539,892.50 142,439,879.71 62.88 1,343 1,169 1.310 1.328 Loral Agency Investment Funds 46,462,281.51 46,462,281.51 46,462,281.51 20.51 1 1 0.580 0.588 Corporate Bonds 37,500,000.00 37,799,475.00 37,524,509.49 16.61 1.202 570 1.353 1.371 226,367,281.51 226,801,649.01 226,526,670.71 100.00% 1,044 830 1.167 1.183 Investments Cash and Accrued Interest Accrued Interest at Purchase 6,544.44 6.544.44 Subtotal 6,644.44 6,544.44 Total Cash and Investments 226,367,281.51 226,808,193.45 226,633,215.15 1,044 830 1.167 1.183 Total Earnings July 31 Month Ending _ Fiscal Year To Date Fiscal Year Ending Current Year 208,154.22 1,900,844.23 Current Budget 110.000.00 1,100,000.00 1,320,000.00 Last Year Actual 180,195.42 1,624,043.33 1,948,033.86 Average Daily Balance 230,059,053.62 203,944,686A5 Effective Rate of Return 1.07% 1.12% I certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 2,2015.A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Interactive Data Corporation. Alisa Cutchen,CITY TREASURER Reporting period 0710112016-0713112016 - Portfolio CITY AP Run Dale;1 010312016-14:53 PM(PRF PM1)7.3o Report Ver.7.3.31, City of HB Portfolio Management Paget Portfolio Details - Investments July 31, 2016 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 6laturlty Date Federal Agency Issues-Coupon 3133EGEV3 4140 Federal Fan Credit Bank 06/15/2016 5,000,000.00 5,005,150.00 5,000,000.00 1.620 1.620 1,778 06/1412021 3130A3TA2 4038 Federal Home Loan Bank 12/30/2014 5,000,000.00 5,015,650.00 4,999.485.50 1.000 AA 1,010 379 08/1512017 313378A43 4048 Federal Home Loan Bank 02/20/2015 5,000,000.00 5,046,450.00 5,021.642.13 1.375 AA 1.100 585 03/09/2018 313OA7VtlK7 4136 Federal Home Loan Bank 05/24/2016 5,000,000.00 6,013,600.00 5,00"00.00 1.250 1.250 1,026 0524/2019 3130ABDC4 4138 Federal Home Loan Bank 06130/2016 2,250,000.00 2,247,862.50 2,250,000.00 1.600 1.600 1,612 12/30/2020 3137EADS5 4078 Federal Home Loan Mart Corp 09/17/2016 5,000,000.00 5,004,700.00 5,003,536.92 0.875 0,526 74 10/14/2016 3134G7U25 4117 Federal Home Loan Mort Corp 10/272015 6,000,000.00 5,001,250.00 5,000,000.00 0.800 0.800 462 10/27/2017 3134G7X71 4118 Federal Home Loan Mort Corp 1029/2015 2,000,000.00 1,997,180.00 2,000,000.00 1.000 1.527 1,001 0429/2019 3134G7P96 4119 Federal Home Loan Mort Corp 10/29/2016 3,000.000.00 3,002,010.00 3,000,000.00 1.000 1.527 1,001 04/29/2019 3134G7302 4120 Federal Home Loan Mort Corp 1027/2015 6.000,000.00 5,000,450.00 5,000.000.00 1.000 AAA 0.991 725 0727/2018 3134G9RN9 4139 Federal Home Loan Mort Corp 0623/2016 5,000,000.00 5,003,700.00 5,000,000.00 1.250 1.919 1,422 0623/2020 3134G9UY1 4142 Federal Home Loan Mort Corp 0629/2016 5.000.000.00 5,003,360.00 5,000,000.00 1.000 1.000 597 06292018 3134G9ZF7 4145. Federal Home Loan Mort Corp 06/30/2016 5,000,000.00 5,001,500.00 5,000,000.00 1.700 1.700 1,794 06/302021 3134G91`93 4148 Federal Home Loan Mort Corp 06/3012016 5,000,000.00 6,000,160.00 6,000,000.00 1.000 AAA 0.998 1,061 0628/2019 3134GSE78 4149 Federal Home Loan Mort Corp 06/3012016 5,000,000.00 4,992,500.00 5,000,000.00 1.280 AAA 1.280 1,521 09/30/2020 3134G9C54 4150 Federal Home Loan Mort Corp 06/30/2016 4,655,000.00 4.656,000.00 4.655.000.00 1.500 1.500 1.794 OM012021 3134G9G35 4151 Federal Home Loan Mort Corp 06/3012016 5,000,000.00 4,997,400.00 5.000.000.00 1.000 AAA 1,592 1,794 06/3012021 3135GORK1. 3945 Fed.Nail Mort.Assoc. 11/D7/2012 5,000.000.00 6,003,250.00 5,000.000.00 0.900 AA 0.900 463 11/07/2017 3136G2R58 4122 Fed.Nail Mort.Assoc. 10/29/2015 5,000,000.00 5,003,750.00 5.000.000.00 1.040 1.040 816 10252018 3135GOZLO 4132 Fed.Nail Mort.Assoc, 03/0912016 5,000,000.00 5,018,350.00 6,011.443.73 1.000 AA 0.800 422 0927/2017 3136G2WZ6 4133 Fed.Nail Mort.Assoc. 03/11/2016 5,000,000.00 5,000,950.00 5,000.000.00 1.820 1,820 1,660 02/162021 3136G3FY6 4134 Fed,Nail Mort.Assoc. 03/30/2016 6,000,000.00 5,003,450.00 5,000,000.00 1.250 2.042 1,702 03=12021 3136G3KM6 4135 Fed.Nail Mort.Assoc. 06/1712016 5.000.000.00 5,004,400.00 5,000,000.00 1.100 AAA 1.912 1.750 O5/1712021 3135GOKBS 4137 Fed Nail Mort.Assoc. 08/13/2016 5.000,000.00 5,009,450.00 5,000,000.00 1.400 1,400 1,046 06/13/2019 3136G3SJ5 4141 Fed Nail Mort.Assoc. 06/30/2016 5.000,000.00 5,000,660.00 4,998.771.53 1.500 1.505 1,794 06/302021 3136G3SN6 4143 Fed.Nail Mort.Assoc. 062312016 3.000,000.00 3,000.240.00 3,000,000.00 1.500 1,500 1,605 1223/2020 3135GOK93 4144 Fed.Nail Mort.Assoc. 0628/2016 5,000,000.00 5,002,800.00 5.000,000.00 1.250 1.250 1,061 0628/2019 3136G3UTO 4146 Fed.Nail Mort.Assoc. CM012016 5,000,000.00 5,004,000.00 6.000,000.00 1.500 1.560 1.612 12r3O2020 3136G3VU6 4147 Fed.Nail Mort.Assoc. 07/19/2016 5,000,000.00 5.000,400.00 5.000,000.00 1.125 1.819 1,813 07/192021 3136G3YG4 4152 Fed.Nail Mort.Assoc. 0725/2016 7,500,000.00 7,500,300.00 7.500.000.00 1.000 1.000 997 0425/2019 Subtotal and Average 139,215,635A7 142,405,000.00 142,539,892.50 142,439,879.71 1.328 1,169 Local Agency Investment Funds SYS982 982 Lalt City 46,462,281.51 46,462,281.51 46,462,281.51 0.588 0.588 1 Subtotal and Average 53,215,389.68 46,462,281.51 46,462,281.51 46,462,281.51 0.588 1 Portfolio CITY AP Run Oalc 1WO312016-14:53 PM(PRF PM2)7.3.0 Re,xrt Vw.Z3.3b City of HB Portfolio Management Paget Portfolio Details - Investments July 31, 2016 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 Ina 05/282013 3,000,000.00 3,005,310.00 2,992,309.18 1.000 AA 1.151 640 05/03/2018 149121-5P2 4024 Caterpillar Financial Corp. 12/10/2014 3,000,000.00 3,011,700.00 2,988,217.05 1.300 A 1.555 577 03/0112018 166764AAB 4044 Chevron Corp 02/09/2015 3,000,000.00 3,002,910.00 3,004,001.57 1,104 AA 1.003 491 12/05/2017 268648AP7 4077 EMC Corp 07/142015 2,500,000.00 2,478,550.00 2,510,915.14 1.875 AA 1.630 669 06/01/2018 36962G5W0 3994 General Electric Capital Corp 12/262013 - 5,000,000.00 5,054,950.00 5,035,367,36 2.300 AAA 1.291 269 042712017' 36962G6K5 4007 General Electric Capital Corp 05/122014 2,500,000.00 2,512,700.00 2,508,238.94 1.600 AA 1.340 476 112012017 36962G6W9 4036 General Electric Capital Corp 12/19/2014 2,000,000.00 2,026,320,00 2,005,951.07 1,625 AA 1.442 609 04/0212018 24422ESR1 4126 John Deere Capital 12/08/2015 1,000,000.00 1,009,600.00 1,002,697.63 1.550 1.350 501 12(15/2017 24422ESR1 4127 John Deere Capital 12/08/2015 2,000,000.00 2,019,200.00 2,005,735.02 1.560 1.337 601 12/15/2017 1912168A7 4049 Coca Cola Co 0224/2015 2,600,000.00 2,510,925.00 2,495,608.77 1.150 AA 1.258 608 04/012018 58933YAC9 4045 Merck&Co Inc 02/0912015 2.000.000.00 2,008,140.00 2.001.167.58 1.100 AA 1.089 548 01/312018 68389XA08 4071 Oracle Corp 052612015 3.000.000.00 3,086,880.00 3,045,827.53 2.375 AA 1.731 897 01/152019 89233P7E0 4023 Toyota Motor Credit 12/10/2014 3.000.000.00 3,014,250.00 2,995,090.54 1.375 AA 1.491 527 01/10/2018 89235TAY1 4039 Toyota Motor Credit 0126/2015 3,000,000.00 3,059,040,00 3,032,382.11 2.000 AA 1.500 814 10/24/2018 Subtotal and Average 37,628,028.68 37,500,000.00 37,799,475.00 37,624,509.49 1.371 570 Total and Average 230,059,053.62 226,367,281.51 226,801,649.01 226,526,670.71 1.183 830 Portfolio CITY AP Run Dala:10/02/2016-14:53 PM(PRF PM2)7.3.0 City of HB Portfolio Management Page Portfolio Details -Cash July 31, 2016 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 6.544.44 6,544.44 0 Subtotal 6,544.44 6.544.44 Total Cash and Investments 230,059,053.62 226,367,281.51 226,808,193.45 226,533,215.15 1.183 630 Portfolio CITY AP Run Date:101032016-14:53 PM(PRP PM2)7.3.0 City of HB Portfolio Management Page 1 Activity By Type July 1, 2016 through July 31, 2016 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 07/07/2016 0.00 5,000,000.00 3134G71-90 4115 Federal Home Loan Mort Corp 1.250 07/29/2016 0.00 2.000.000.00 3134G71-187 4116 Federal Home Loan Mort Corp 1.250 07/22/2016 0.00 4,000,000.00 3136G3VU6 4147 Fed.Net Mort.Assoc. 1.125 0719/2016 5,000,000.00 0.00 3136G3YG4 4152 Fed.Narl Mort.Assoc. 1.000 07125/2016 7,500,000.00 0.00 Subtotal 12,500,000.00 11,000,000.00 142,439,879.71 Local Agency Investment Funds (Monthly Summary) SYS982 982 Lad City 0,588 46,689.28 10,000,000.00 Subtotal 46,689.28 10,000,000.00 46,462,281.51 Corporate Bonds Subtotal 37,624,609.49 Total 12,546,689.28 21,000,000.00 226,526,670.71 Portfolio CITY AP Run Data:10/0W2016-14:53 PM(PRF_PM3)7.3.0 Rewn Ver.7.3.3b City of HB Portfolio Management Page 1 Activity Summary July 2015 through July 2016 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity July 2015 44 220,974,892.46 1.144 1.160 0.320 3 0 1,253 908 August 2015 43 - 207,414,248.06 1.210 1.227 0.330 0 1 1,327 948 September 2015 40 192,954,371.29 1.159 1.175 0.337 5 8 1,172 894 October 2015 41 186,003,670.17 1.207 1.223 0.337 7 6 1,184 944 November 2015 39 181,304,652.62 1.200 1.217 0.374 1 3 1,174 933 December 2015 46 186,878,180.67 1.238 1.255 0.400 8 1 1,147 925 January 2016 46 207,140,111.69 1.243 1.261 0.446 0 0 1,147 898 February 2016 43 204,413,571.12 1.217 1.234 0.467 0 3 1,102 832 March 2016 47 201,877,568.13 1.232 1.249 0.506 4 0 1,140 869 April 2016 45 204,141,812.62 1.280 1.298 0.525 0 2 1,181 - 893 May 2016 44 208,914,656.20 1.168 1.184 0.552 2 3 976 736 June 2016 46 228.822,479.77 1.156 1.172 0.576 14 12 1.006 806 July 2016 45 230,059,053.62 1.167 1.183 0.588 2 3 1,044 830 Average 44 204,714,921.57 1.202% 1.218% 0.443 4 3 1,143 878 Portfolio CITY AP Run Date:10'032016-14:53 PM(PRP_PM4)7.3.0 Report Ver.7.3.3E City of HB Portfolio Management Page Interest Earnings Summary July 31, 2016 July 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 111,202.78 1,832,333.88 Plus Accrued Interest at End of Period 429,066.10 517,441.10 Less Accrued Interest at Beginning of Period ( . 347,826.94) ( 473,232.05) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 192,441.94 1,876,542.93 Adjusted by Premiums and Discounts 10,863.34 -124,294,04 Adjusted by Capital Gains or Losses 0.00 22,130.97 Earnings during Periods 181,578.60 1,774,379.86 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 46,68928 124,788.26 Plus Accrued Interest at End of Period 28,756.91 28,756.91 Less Accrued Interest at Beginning of Period ( 48,870.57) ( 27,080.80) Interest Earned during Period 26,575.62 126,464.37 Total Interest Earned during Period 219,017.56 2,003,007.30 Total Adjustments from Premiums and Discounts -10,863.34 -124,294.04 Total Capital Gains or Losses 0.00 22,130.97 Total Earnings during Period 208,164.22 1,900,844.23 Portfolio CITY AP Run Date.MOW%-14:53 PM(PRP PMe)7.3.D Report Vur.7.3.3b am, %%VES State of California Pooled Money Investment Account Market Valuation ,"� 7/31/2016 Carrying Cost Plus Description kccrued Interest Purch, Fair Value Accrued Interest United States Treasury: Bills $ 11,504,294,495.82 $ 11,533,485,500.00 NA Notes $ 21,048,104,424.04 $ 21,068,356,000.00 $ 37,803,907.50 Federal Agency: SBA $ 733,575,756.69 $ 727,232,735.96 $ 465,338.50 MBS-REMICs $ 58,552,739.48 $ 62,184,419.52 $ 277,184.19 Debentures $ 1,025,156,399.61 $ 1,025,881,250.00 $ 1,935,332.75 Debentures FIR $ - $ - $ Discount Notes $ 7,677,401,847.13 $ 7,687,069,000.00 NA GNMA $ - $ - $ Su ranational Debentures $ 599,982,831.85 $ 601,347,000.00 $ 1,549,653.00 CDs and YCDs FIR $ 400,000,000.00 $ 400,000,000.00 $ 441,349.17 Bank Notes $ 800,000,000.00 $ 799,626,987.52 $ 1,303,861.11 CDs and YCDs $ 12,825,007,758.81 $ 12,821,149,153.48 $ 16,550,909.66 Commercial Paper $ 7,136,668,986.19 $ 7,141,920,902.85 NA Corporate: Bonds FR $ - $ - $ Bonds $ - $ - $ Repurchase Agreements $ - $ - $ Reverse Repurchase $ - $ - $ Time Deposits $ 5,330,440,000.00 $ 5,330,440,000.00 NA AB 55&GF Loans 502,313,000.00 $ 502,313,000.00 NA TOTAL $ 69,641,498,239.62 $ 69,701,005,949.33 $ 60,327,535.88 Fair Value Including Accrued Interest $ 69,761,333,485.21 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 f Summary of Cash by Fund -- - Finance Department July 2016 Cash Receipts and Disbursements July 2016 Receipts General Fund Property Tax $4,988,158 Local Sales Tax 2,527,800 Public Safety Sales Tax 176,649 Transient Occupancy Tax Receipts (TOT) 982,201 Utility Users Tax(UUT) 1,524,441 Other Revenue 5,939,062 Total General Fund Revenue 16,138,311 Capital Projects Funds 18,562 Debt Service Funds - Enterprise Funds 4,678,540 General Fund Other 56,732 Internal Service Funds 705,878 Special Revenue Funds 1,498,793 Grant Funds 600,954 Trust and Agency Funds 1,767,980 Total Receipts $25,465,749 Disbursements General Fund Personal Services (18,001,215) Operating Expenses (4,834,450) Capital Expenditures (536,890) Non-Operating Expenses (34,208) Total General Fund Disbursements (23,406,763) Capital Projects Funds (972,747) Debt Service Funds (20,190) Enterprise Funds (6,186,729) General Fund Other (333,953) Internal Service Funds (866,647) Special Revenue Funds (1,214,435) Grant Funds (913,769) Trust and Agency Funds (3,536,934) Total Disbursements (37,452,166) Net Change in Cash Flow ($11,986,417) Summary of Cash by Fund July 2016 General Fund $79,348,705 General Fund Other 1,730,261 Capital Projects Funds 20,863,920 Debt Service Funds 4,646,455 Enterprise Funds 74,960,387 Trust and Agency Funds 15,966,722 Internal Service Funds 10,933,251 Special Revenue Funds 30,102,207 General Ledger Cash Balances $238,551,909 " 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. ��NTINGTp pF ecen.oFgo 2d City of Huntington Beach ,! v= City Of HB 2000 Main St. Huntington Beach, Portfolio Management Portfolio Summary ppuNrY��� August 31, 2016 Par Market Book %of Daysto YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 142,405,000.00 142,261,656.20 142,436,539.76 65.18 1.331 1.131 1.299 1,317 Local Agency Investment Funds 38,462,281.51 38,462,281.51 38,462,281.51 17.60 1 1 0.606 0.614 Corporate Bonds 37,500,000.00 37,753,996.00 37,616,986.13 17.21 1,202 540 1.353 1.371 218,367,281.51 218,467,932.71 218,515,807A0 100.00% 1,074 831 1.186 1.203 Investments Cash and Accrued Interest Accrued Interest at Purchase 225.00 225.00 Subtotal 225.00 225.00 Total Cash and Investments 218,367,281.51 218,468,157.71 218,616,032.40 1,074 831 1.186 1.203 Total Earnings August 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 203,488.11 2,104,332.34 Current Budget 110,000.00 1,210,000.00 1,320,000,00 Last Year Actual 184,821.53 1,808,864.86 1,948,033.86 Average Daily Balance 220,520,888.69 205,474,038.44 Effective Rate of Return 1.09% 1.11% I certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 2,2015.A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Interactive Data Corporation. />C- � 0- lU ib Alisa Cutchen,CITY TREASURER Reporting period 08101/2016-08131/2016 Portfolio CITY AP Run Data:IWD32016-14;58 PM(PRF PM1)7.3.0 Rapod Vac T13b City of HB Portfolio Management Pagel Portfolio Details - Investments August 31, 2016 Average Purchase Stated YTM Days to Maturity CUSIP Investment It Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Federal Agency Issues-Coupon 3133EGEV3 4140 Federal Farm Credit Bank 06/1512016 5,000.000.00 4,992,850.00 5,000.000.00 1.620 1.620 1.747 06/14/2021 313OA3TA2 4038 Federal Home Loan Bank 12/3012014 5,000,000.00 5,011,850.00 4,999.526.77 1.000 AA 1.010 348 08/15/2017 313378A43 4048 Federal Home Loan Bank C M012015 5,000,000.00 5,036,450.00 5.020.518.84 1.376 AA 1.100 554 03109M IS ' 313OA7WK7 4136 Federal Home Loan Bank 05124/2016 5,000,000.00 5.007.050.00 5,000,000.00 1.250 1.250 995 05/2412019 313OA8DC4 4138 Federal Home Loan Bank 06/30/2016 2,250,000.00 2,233,665.00 2,250,000.00 1.600 1.600 1,581 12/3012020 3130AST94 4153 Federal Home Loan Bank 08/10/2016 5,000,000.00 4,991,450.00 5,000,000.00 1.050 1.518 1,439 08110/2020 3137EADS5 4078 Federal Home Loan Mort Corp 09/17/2015 5,000,000.00 5,003,100.00 5.002,083.33 0.875 0.525 43 10/1412016 3134G7U25 4117 Federal Home Loan Mort Corp 10127=15 5,000,000.00 4,996,750.00 5,000,000.00 0.800 0.800 421 I M712017 3134G7X71 4118 Federal Home Loan Mort Corp 10129/2015 2.000,000.00 1,994,840.00 2,000,000.00 1.000 1.527 970 04/29/2019 3134G7P96 4119 Federal Home Loan Mort Corp 10/2912015 3,000,000.00 3,000,660.00 3,000.000.00 1.000 1.527 970 04/2912019 3134G73D2 4120 Federal Home Loan Mort Corp 1027M015 5,000,000.00 4,992.100.00 5,000,000.00 1.000 AAA 0.991 694 07/27/2018 3134GORNS 4139 Federal Home Loan Mort Corp 06/23/2016 5.000,000.00 5,000.550.00 5,000,000.00 1.260 1.919 1,391 06/23/2020 3134G9UY1 4142 Federal Home Loan Mort Corp 06/2912016 6.000,000.00 4,989,650.00 5,000,000.00 1.000 1,000 666 0612912018 3134G9ZF7 4145 Federal Home Loan Mort Corp 06/30/2016 5.000,000.00 5,000,100.00 5,000,000.00 1.700 1.700 1,763 06/3012021 3134G9F93 4148 Federal Home Loan Mort Corp 06/30/2016 5,000.000.00 4.981,550.00 5,000.000.00 1.000 AAA 0.998 1.030 06128/2019 3134G9E78 4149 Federal Home Loan Mort Corp 06/3012016 5,000,000.00 4,962,600.00 5.000.000.00 1.280 AAA 1.280 1.490 09/30/2020 3134G9C54 4150 Federal Home Loan Mort Corp 06/30/2016 4,655,000.00 4.622.601.20 4,655,000.00 1,500 1-500 1,763 06/3012021 3134G9G35 4151 Federal Home Loan Mort Corp 06/30/2016 5,000,000.00 4,991,300.00 5,000,000.00 1.000 AAA 1.592 1,763 06/3012021 3135GORK1 3945 Fed.Nat'l Mort.Assoc. 11/07/2012 5,000,000.00 4.997,300.00 5,000,000.00 0,900 AA 0.900 432 11107/2017 3136132R58 4122 Fed.Nat'l Mort.Assoc. 10/2912015 5,000,000,00 5,001,600.00 5,000,000.00 '1,040 1.040 785 1012612018 3135GOZLO 4132 Fed.Nat'l Mort,Assoc. 0310912016 5.000,000.00 5,015,700.00 5,010,618.46 1.000 AA 0.800 391 09/27/2017 3136G3FY6 4134 Fed.Nat'l Mort.Assoc. 03/3012016 5,000,000,00 5,001,100.00 5,000,000.00 1.250 2.042 1,671 03/30/2021 3136G3KM6 4135 Fed.Nat'l Mort Assoc. 05/1712016 5,000,000.00 5,001,450.00 5,000,000.00 1.100 AAA 1.912 1,719 05/17/2021 3135GOK85 4137 Fed.Nat'I Mort Assoc. 06/1312016 5,000,000.00 5,005,300.00 5,000,000.00 1.400 1.400 1.015 06/13/2019 3136G3SJ5 4141 Fed.Nat'l Mort.Assoc. 06130/2016 5,000,000.00 4,989,850.00 4,998,792.36 1.500 1.505 1,763 06/30/2021 3136G3SN6 4143 Fed.Nat'l Mort.Assoc. 06123/2016 3,000,000.00 2,981,490.00 3,000.000.00 1.500 1.500 1,574 12/23/2020 3135GOK93 4144 Fed.Narl Mort.Assoc. 06/28/2016 5,000,000.00 4,999,100.00 6.000.000.00 1.250 1,250 1.030 06128/2019 3136G3UTO 4146 Fed.Narl Mort,Assoc. 06/30/2016 5,000,000.00 5,000,350.00 5,000,000.00 1.500 1.600 1,581 12/30/2020 3136G3VU6 4147 Fed.Narl Mort.Assoc. 07/19/2016 5.000,000.00 4,993,700.00 5,000,000.00 1.125 1.819 1.782 07/19/2021 3136G3YG4 4162 Fed.Nat'l Mort.Assoc. 07125/2016 7,500,000.00 7.473,600.00 7,500.000.00 1,000 1.000 966 04/25/2019 Subtotal and Average 143,405,843.91 142,405,000.00 142,251,656.20 142,436,639.76 1.317 1,131 Local Agency Investment Funds SYS982 982 LaB City 38,462,281.51 38,462,28L51 38,462,281.51 0.614 0.614 1 Subtotal and Average 39,494,539.57 38,462,281.51 38,462,281.51 38A62,281.51 0.614 1 Portfolio CITY AP Run Date:IU0312016-14:58 PM(PRF PM2)7.3.0 Ronon Ver.T&W City of HB Portfolio Management Page Portfolio Details - Investments August 31, 2016 Average Purchase Stated YTM Daysto Maturity CUSIP Investrrl Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Corporate Bonds 037833AJ9 3976 Apple Inc. 05128/2013 3,000,000.00 2,999,490.00 2,992,674.25 1.000 AA 1.151 609 05/032018 149121-5P2 4024 Caterpillar Financial Corp. 12110/2014 3,000,000.00 3,008,220.00 - 2,988,837.21 1.300 A 1.555 546 03/012018 166764AAS 4044 Chevron Corp 02/09=15 3,000,000.00 3,004,360.00 3,003,763.54 1.104 AA 1.003 460 12/052017 268648AP7 4077 EMC Corp 07/142015 2,500,000.00 2,493,700.00 2,510,419.00 1.875 AA 1.630 638 06/01/2018 36962G5W0 3994 General Electric Capital Corp 121262013 5,000,000.00 5,042,150.00 5,032,265.78 2.300 AAA 1.291 238 D4272017 36962G6K5 4007 General Electric Capital Corp 05/12/2014 2,500,000,00 2,515,325.00 2,507,711.93 1.600 AA 1.340 445 1120/2017 36962G6W9 4036 General Electric Capital Corp 12/192014 2,000,000.00 2,019,820.00 2,006,654.01 1.625 AA 1.442 578 04/02/2018 24422ESR1 4126 John Deere Capital 12/082015 1,000,000.00 1,006,540.00 1,002,533.81 1.550 1.360 470 12/1512017 24422ESR1 4127 John Deere Capital 12/082015 2,000,000,00 2,013,080.00 2,005,386.74 1.550 1,337 470 12/1512017 191216BA7 4049 Coca Cola Co 02242015 2,500,000.D0 2,504,850.00 2,495,828.33 1.150 AA 1.258 577 04/01/2018 56933YAC9 4045 Merck&Co Inc 02/092015 2,000,000.00 2,003,900.00 2,001,102.80 1.100 AA 1.089 517 01/312018 68389%AQ8 4071 Oracle Corp 05/262015 3,000,000.00 3,082,440.00 3,044,272.30 2.376 AA 1.731 866 01/15/2019 89233P7E0 4023 Toyota Motor Credit 12J10/2014 3,000,000.00 3,011,700.00 2.995.374.32 1.375 AA 1.491 496 01/102018 89236TAY1 4039 Toyota Motor Credit 012612015 3,000,000.00 3,048,630,00 3.031.172.31 2.000 AA 1.500 783 10242018 Subtotal and Average 37,620,506.21 37,500,000.00 37,753,995.00 37,616,986.13 1.371 540 Total and Average 220,520,888.69 218,367,281.51 218,467,932.71 218,515,807.40 1.203 831 Portfolio CITY AP Run Date:1 0 4132016-1 4:58 PM(PRP_PM2)7.3.0 City of HB Portfolio Management Page 3 Portfolio Details - Cash August 31, 2016 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 225.00 225.00 p Subtotal 225.00 225.00 Total Cash and Investments 220,520,888.69 218,367,281.51 218,468,157.71 218,516,032.40 1.203 831 Portfolio CITY AP Run Oale.101OW2016-14:58 PM(PRF PM2)'l.3.0 City of HB Portfolio Management Activity By Type Page 1 August 1, 2016 through August 31, 2016 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3130AST94 4153 Federal Home Loan Bank 1,050 08/10/2016 5,000,000.00 0.00 3136G2VVZ6 4133 Fed.Natl Mon.Assoc 1.820 08/16/2016 0.00 5,000,000.00 Subtotal 5,000,000.00 5,000,000.00 142,436,539.76 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.614 0.00 8,000,000.00 Subtotal 0.00 8,000,000.00 38,462,281.51 Corporate Bonds Subtotal 37,816,986.13 Total 5,000,000.00 13,000,000.00 218,515,807.40 Portfolio CITY AP Run Date:10l031a016-14:58 PM(PRP_PM3)7.3.0 Repad Ver.7.3.31, City of HB Portfolio Management Page 1 Activity Summary August 2015 through August 2016 Yield to Maturity Managed Number Number Month Numberof Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity August 2015 43 207,414,248.06 1.210 1.227 0.330 0 1 1,327 948 September 2015 40 192,954,371.29 1.159 1.175 0.337 5 8 1,172 894 October 2015 41 186,003,670.17 1.207 1.223 0.337 7 6 1,184 944 November 2015 39 181,304.552.62 1.200 1.217 0.374 1 3 1,174 933 December 2015 46 186,878,180.67 1.238 1.255 0.400 8 1 1,147 925 January 2016 46 207,140,111.69 1.243 1.261 0.446 0 0 1,147 898 February 2016 43 204,413,571.12 1.217 1.234 0.467 0 3 1,102 832 March 2016 47 201,877,568.13 1.232 1.249 0.506 4 0 1,140 869 April 2016 45 204,141,812.62 1.280 1.298 0.525 0 2 1,181 893 May 2016 44 208,914,656.20 1.168 1.184 0.552 2 3 976 736 June 2016 46 228,822,479.77 1.156 1.172 0.576 14 12 1,006 806 July 2016 45 230,059,053.62 1.167 1.183 0.588 2 3 1,044 830 August 2016 45 220,520,888.69 1.186 1.203 0.614 1 1 1,074 831 Average 44 204,679,470.39 1.205% 1.222% 0.466 3 3 1,129 872 Portfolio CITY AP Run Data:10103r2016-14:58 PM(PRF_PM4)7 3.0 Report Vor.7 3.3b City of HB Portfolio Management Page 1 Interest Earnings Summary August 31, 2016 August 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 75,180.56 1,907,514.44 Plus Accrued Interest at End of Period 547,641.37 636,016.37 Less Accrued Interest at Beginning of Period ( 429,066.10) ( 473,232.05) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 193,755.83 2,070,298.76 Adjusted by Premiums and Discounts -10,863.31 -136,157.35 Adjusted by Capital Gains or Losses 0.00 22,130.97 Earnings during Periods 182,892.52 1,957,272.38 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 CashlChecking Accounts: Interest Collected 0.00 124,788.26 Plus Accrued Interest at End of Period 49,352.50 49,352.50 Less Accrued Interest at Beginning of Period ( 28,756.91) ( 27,080.80) Interest Earned during Period 20.595.59 147,059.96 Total Interest Earned during Period 214,351.42 2,217,358.72 Total Adjustments from Premiums and Discounts -10,863.31 -135,157.35 Total Capital Gains or Losses 0.00 22,130.97 Total Earnings during Period 203,488.11 2,104,332.34 Portfolio CITY AP Run Dote;1=341016.14:58 PM(PRP_PM6)7.3.0 ReP,M Ver.7.3.3E �y�NVESr,H State of California °� fye Pooled Money Investment Account °1!W4 Market Valuation 8/31/2016 Carrying Cost Plus Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury: Bills $ 11,253,864,725.05 $ 11,281,468,500.00 NA Notes $ 20,342,273,888.25 $ 20,352,287,500.00 $ 22,382,476.50 Federal Agency: SBA $ 725,413,689.76 $ 718,363,051.20 $ 460,093.07 MBS-REMICs $ 55,565,585.71 $ 58,793,295.18 $ 262,588.47 Debentures $ 1,250,384,239.88 $ 1,250,551,000.00 $ 2,446,878.75 Debentures FR $ - $ $ Discount Notes $ 7,577,330,958.27 $ 7,588,165,000.00 NA GNMA $ - $ - $ Su ranational Debentures $ 599,982,831.85 $ 600,478,000.00 $ 1,972,362.50 CDs and YCDs FR $ 400,000,000.00 $ 400,000,000.00 $ 293,856.08 Bank Notes $ 800,000,000.00 $ 799,591,105.46 $ 1,692,833.33 CDs and YCDs $ 13,625,039,915.60 $ 13,620,284,874.37 $ 21,132,500.03 Commercial Paper $ 7,334,599,097.18 $ 7,340,395,930.57 NA Corporate: Bonds FR $ - $ $ Bonds $ - $ $ Repurchase Agreements $ - $ $ Reverse Repurchase $ - $ $ Time Deposits $ 5,222,440,000.00 $ 5,222,440,000.00 NA AB 55 & GF Loans 556,410,000.00 $ 556,410,000.00 NA TOTAL $ 69,743,304,931.65 1 $ 69,789,228,256.78 $ 50,643,588.73 Fair Value Including Accrued Interest $ 69,839,871,845.51 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 Disbursetnetits and Summary of Cash by Fund Finance Department August 2016 Cash Receipts and Disbursements July 2016 August 2016 Receipts General Fund Property Tax $4,988,158 $93,857 Local Sales Tax 2,527,800 3,370,300 Public Safety Sales Tax 176,649 213,896 Transient Occupancy Tax Receipts (TOT) 982,201 1,419,487 Utility Users Tax(UUT) 1,524,441 1,630,501 Other Revenue 5,939,062 6,081,099 Total General Fund Revenue 16,138,311 12,809,140 Capital Projects Funds 18,562 393,295 Debt Service Funds Enterprise Funds 4,678,540 5,405,483 General Fund Other 56,732 20,720 Internal Service Funds 705,878 508,721 Special Revenue Funds 1,498,793 962,017 Grant Funds 600,954 685,301 Trust and Agency Funds 1,767,980 1,782,408 Total Receipts $25,465,749 $22,667,086 Disbursements General Fund Personal Services (18,001,215) (12,191,032) Operating Expenses (4,834,450) (4,081,323) Capital Expenditures (536,890) (1,646,823) Non-Operating Expenses (34,208) (76,937) Total General Fund Disbursements (23,406,763) (17,996,115) Capital Projects Funds (972,747) (473,618) Debt Service Fluids (20,190) (7,877,645) Enterprise Funds (6,186,729) (5,983,059) General Fund Other (333,953) (281,226) Internal Service Funds (866,647) (734,756) Special Revenue Funds (1,214,435) (1,233,984) Grant Funds (913,769) (587,704) Trust and Agency Funds (3,536,934) (1,150,354) Total Disbursements (37,452,166) (36,318,462) Net Change in Cash Flow ($11,986,417) ($13,761,376) Summary of Cash by Fund Judy 2016 August 2016 General Fund $79,348,705 $73,041,338 General Fund Other 1,730,261 1,469,755 Capital Projects Funds 20,863,920 20,783,597 Debt Service Funds 4,646,455 11,812 Enterprise Funds 74,960,387 77,680,992 Trust and Agency Funds 15,966,722 14,337,521 Internal Service Funds 10,933,251 10,707,216 Special Revenue Funds 30,102,207 29,938,956 General Ledger Cash Balances $238,651,909 $227,971,186 " 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. �pNANU - F City of Huntington Beach 2000 Main St. x City of HB Huntington Beach, Portfolio Management �2cF�uuNri�P� Portfolio Summary September 30, 2016 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Temr Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 132,405,000.00 132,362,699.50 132,433,199.80 68.79 1,293 1,057 1.258 1.275 Local Agency Investment Funds 22,462,281.51 22,462,281.51 22,462,281.51 1167 1 1 0.625 0.634 Corporate Bonds 37,500,000.00 37,678,310-00 37,624,851.91 19.54 1,145 650 1.364 1.383 192,367,281.51 192,503,291.01 192,520,333.22 100.00% 1,114 835 1.205 1.222 Investments Cash and Accrued Interest Accrued Interest at Purchase 1,041.67 1,041.67 Subtotal 1,041.67 1,041-67 Total Cash and Investments 192,367,281.51 192,SD4,332.68 192,521,374.89 1,114 835 1.205 1.222 Total Earnings September 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 196,054.02 2,300,386-36 2,300,386.36 Current Budget 110,000.00 1,320,000.00 1,320,000.00 Last Year Actual 172,677.09 1,981,541,95 1,981,541.95 Average Daily Balance 208,478,917.26 205,720,339.99 Effective Rate of Return 1,14% 1.12% 1 certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 2,2015.A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Interactive Data Corporation. C, ]0014 ° l( Alisa Cutchen,CITY TREASURER Reporting period 09101/2016-09/3012016 Portfolio CITY AP Run Date:1 W1112016-09;31 PM(PRFPMI)7.3.0 Report Ve..7.3.3b City of HB Portfolio Management Page 1 Portfolio Details - Investments September 30, 2016 Average Purchase Stated YTM Daysto Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Federal Agency Issues-Coupon 3133EGEV3 4140 Federal Farm Credit Bank 06/1512016 5,000,000.00 5.005,850.00 S,000,000.00 1.620 1.620 1,717 06/14/2021 313OA3TA2 4038 Federal Home Loan Bank 12/3012014 5,000,000.00 5,014,050.00 4,999,568.04 1.000 AA 1.010 318 08/15/2017 31337BA43 4048 Federal Home Loan Bank 0220/2015 5,000,000.00 5.040.750.00 5,019,395.54 1.375 AA 1.100 524 03/09/2018 3130A7WK7 4136 Federal Home Loan Bank 06/24/2016 5,000,000.00 5.008,000.00 5,000,000.00 1.250 1.250 965 05/24/2019 313OA8DC4 4136 Federal Home Loan Bank 06/30/2016 2,250,000.00 2,239,426.00 2,250,000.00 1.600 1.600 1,551 12/30/2020 3130AST94 4153 Federal Home Loan Bank 08/10/2016 5,000,000.00 4,997,450.00 5,000,000.OD 1.05D 1.518 1,409 08/10/2020 3137EADS5 4078 Federal Home Loan Mort Carp 09/17/2015 5,000,000.00 5,000,860.00 5,000,629.84 0.875 0.525 13 10/14/2016 3134G7U25 4117 Federal Home Loan Mort Corp 10/27/2015 5,000,000.00 4,998,250.00 5,000,000.00 0.800 0.800 391 10/272017 3134G7X71 4118 Federal Home Loan Mort Corp 10292015 2,000,000.00 1,996,560.00 2,000,000.00 1.000 1.527 940 04/29/2019 3134G7P96 4119 Federal Home Loan Mart Corp 1029/2015 3,000,000.00 3,000,420.00 3,000,000.00 1.000 1.527 940 04292019 3134G73Q2 4120 Federal Home Loan Mort Corp 1027/2015 5,000,000.00 4,996,700.00 5,000,000.00 1.000 AAA 0.991 664 0727/2018 3134GGRNS 4139 Federal Home Loan Mort Corp 0623/2016 5,000,000.00 5,001,050.00 5000,000.00 1.250 1,919 1.361 0623/2020 3134G9UY1 4142 Federal Home Loan Mort Corp 06292016 5,000,000.00 4,995.050.00 5.000,000.00 1.000 1.000 636 06/29/2018 3134G9F93 4148 Federal Home Loan Mort Corp 06/302016 5,000,000.00 4,989,500.00 5,000,000.00 1.000 AAA 0.998 1,000 06/28/2019 3134G9E78 4149 Federal Home Loan Mort Corp 06/30/2016 5,000,000.00 4,974,850.00 5,000,000,00 1.280 AAA 1.280 1,460 09/3012020 3134GSC54 4150 Federal Home Loan Mort Corp 06/302016 4,655,000.00 4,635,914.50 4,655,000.00 1.500 1.500 1,733 06/30/2021 3134GSG35 4151 Federal Home Loan Mort Corp OB/302016 5,000,000.00 4,994,450.00 5,000,000.00 1.000 AAA 1.502 1,733 06/30/2021 3135GORK1 3945 Fed.Nat'l Mort Assoc. 11/07/2012 5,000,000.00 4,999,850.00 5,000,000.00 0.900 AA 0.900 402 11/07/2017 3136G2R58 4122 Fed.Nafl Mort.Assoc. 10/29/2015 5,000,000.00 5,000,850.00 5,000,000.00 1.040 1.040 755 10IM2018 3135GOZLO 4132 Fed.Nat'l Mort Assoc. 03/09/2016 5,000,000.00 5,016,050.00 5,009,793.19 1.000 AA 0.800 361 092712017 3136G3KM6 4135 Fed.Nafl Mort.Assoc. 05/172016 5,000,000.00 5,001,150.00 5,000,000.00 1.100 AAA 1.912 1,689 05/1712021 3135GOK85 4137 Fed.Nafl Mort Assoc 06/132016 5,000,000.00 5,004,200.00 5,000,000.00 1.400 1.400 985 06/1312019 3136G3SJ5 4141 Fed.Nat'l Mort Assoc 06/302016 5,000,000.00 4,981,450.00 4,998,813.19 1.500 1.505 1,733 06=12021 3136G3SN6 4143 Fed.Nafl Mort Assoc. DB232016 3,000,000.00 2,987,880.00 3,000,000.00 1.500 1.500 1,544 122312020 3135GDK03 4144 Fed.Nafl Mort.Assoc. 06/282016 5,000.000.00 5,000.100.00 5,000.000.00 1.250 1.250 1,000 0628/2019 3136G3UTO 4146 Fed.Nafl Mort.Assoc. D61302016 5,000,000.00 5.000,850.00 5.000.000.00 1.500 1.500 1,551 12/3012020 3136G3VUB 4147 Fed.Narl Mort.Assoc. 071192016 5,000,000.00 4,996,350.00 5,000,000.00 1.125 1.819 1,752 07/1912021 3136G3YG4 4152 Fed.Nat'l Mort.Assoc. 07/252016 7,500,000.00 7,484,850.00 7,500.000.00 1.000 1.000 936 0425/2019 Subtotal and Average 142,101,480.79. 132,405,000.00 132,362,699.50 132,433,199.80 1.275 1,057 Loral Agency Investment Funds SYS982 982 Lad City 22,462,281.51 22,462,281.51 22,462,281.51 0.634 0.634 1 Subtotal and Average 28,762,281.51 22,464281.61 22,462,281.51 22,462,281.51 0.634 1 Portfolio CITY AP Run Dato:1b'1 V2016-09:31 PM(PRF_PM2)7.3.0 Report Ver.7.3.3b City of HB Portfolio Management Page Portfolio Details - Investments September 30, 2016 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 14912L6P2 4024 Caterpillar Financial Corp. 12/10/2014 3,000,000.00 2,999,610.00 2,989,45T36 1.300 A 1.555 516 03/01/2018 17275RBG6 4154 Cisco Systems Inc 09/27/2016 3,000,000.00 3,002,610.00 3,008,428.46 1,400 1.303 1,084 09/20f2019 166764AA8 4044 Chevron Corp 02/092015 3,000,000.00 2,997,810.00 3,003,506.61 1.104 AA 1.003 430 12/06/2017 268648AP7 4077 EMC Corp 07/142015 2,500,000.00 2,460,425.00 2,509,922.85 1.875 AA 1.630 608 06/01/2018 36962G5Vtl0 3994 General Electric Capital Corp 1212MO13 5,000,000.00 6,034,450.00 5.028.164.20 2,300 AAA 1.291 208 04272017 36962GBK5 4007 General Electric Capital Corp 05/122014 2,500,000.00 2,516,625.00 2,507,184.92 1.600 AA 1.340 415 1120/2017 36962G6W9 4036 General Electric Capital Corp 12/192014 2,000,000.00 2,020,420.00 2,005,356.96 1.625 AA 1.442 548 04/02/2018 24422ESR1 4126 John Deere Capital 12/082015 1,000,000.00 1,005,340.00 1,002,369.99 1.550 1.350 440 12/152017 24422ESR1 4127 John Deere Capital 12/082015 2,000,000.00 2,010,680.00 2,005,038.46 1.550 1.337 440 121IM017 191216BA7 4049 Coca Cola Co 02242015 2,500,000.00 2,502,650.00 2.496.047.90 1.150 AA 1.258 547 04/01/2018 58933YAC9 4045 Merck&Co Inc 02/092015 2,000,000.00 2,002.080,00 2,001,037.61 1.100 AA 1.089 487 01/31/2018 68389XAQ8 4071 Orate Corp 062=015 3,0100,000.00 3,078,020.00 3,042,717.07 2.375 AA 1.731 836 011152019 89233P7E0 4023 Toyota Motor Credit 12/102014 3,DD0,000.00 3,005,700.00 2,995,658.11 1.375 AA 1.491 466 01/102018 89236TAY1 4039 Toyota Motor Credit 01/262015 3,000,000.00 3,043,890.00 3,029,982.52 2.000 AA 1.500 753 1024/2018 Subtotal and Average 37,615,154.96 37,500,000.00 37,678,310.00 37,624,851.91 1.383 550 Total and Average 208,478,917.26 192,367,281.51 192,503,291.01 192,620,333.22 1.222 835 Portfolio CITY AP R.Date:10/112016-09:31 PM)PRP P142)7.3.0 City of HB Portfolio Management Page Portfolio Details - Cash September 30, 2016 Average Purchase Stated VTM 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 1.041.67 1,041.67 0 Subtotal 1.041.67 1,041.67 Total Cash and Investments 208,478,917.26 192,367,281.51 192,504,332.68 192,521,374.89 1.222 835 Portfolio CITY AP Run Date:IU1112016-09:31 PM(PRF PM2)7.3.0 City of HB Portfolio Management Activity By Type page 1 September 1, 2016 through September 30, 2016 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3134G9ZF7 4145 Federal Home Loan Mort Corp 1.700 09/30/2016 0.00 5,000,000.00 3136G3FY6 4134 Fed.Nat'l Mort Assoc. 1.250 09130=16 0.00 5,000,000.00 Subtotal 0.00 10,000,000.00 132,433,199.80 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.634 0.00 16,000,000.00 Subtotal 0.00 16,000,000.00 22,462,281.51 Corporate Bonds 037833AJ9 3976 Apple Inc, 1.000 0927/2016 0.00 2,992,990.66 17275RBG6 4154 Cisco Systems Inc 1.400 09272016 3,008,460.00 0.00 Subtotal 3,008,460.00 2,992,990.66 37,624,851.91 Total 3,008,460.00 28,992,990.65 192,520,333.22 Portfolio CITY AP Run Date:10/112016-0931 PM(PRF PM3)7.3.0 Repon Ve,.7.3.3b City of HB Portfolio Management Page 1 Activity Summary September 2015 through September 2016 Yield to Maturity Managed Number Number Month Numberof Average 360 366 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity September 2015 40 192,954,371.29 1.159 1.176 0.337 5 8 1,172 894 October 2015 41 186,003,670.17 1.207 1.223 0.337 7 6 1,184 944 November 2015 39 181,304.552.62 1.200 1.217 0.374 1 3 1,174 933 December 2015 46 186,878,180.67 1.238 1.255 0,400 8 1 1,147 925 January 2016 46 207,140,111.69 1.243 1.261 0.446 0 0 1,147 898 February 2016 43 204,413,571.12 1.217 1.234 0,467 0 3 1,102 832 March 2016 47 201,877,568.13 1.232 1.249 0.506 4 0 1,140 869 April 2016 45 204,141,812.62 1.280 1.298 0.525 0 2 1,181 893 May 2016 44 208,914,656.20 1.168 1.184 0.552 2 3 976 736 June 2016 46 228,822,479.77 1.156 1.172 0.576 14 12 1,006 806 July 2016 45 230,059,053.62 1.167 1.183 0.588 2 3 1,044 830 August 2016 45 220,520,888.69 1.186 1.203 0.614 1 1 1,074 831 September 2016 43 208,478,917.26 1.205 1.222 0.634 1 3 1,114 835 Average 44 204,753,221.15 1.2040/6 1.221% OA89 3 3 1,112 864 Portfolio CITY AP Run Date:1 0111=16-09:31 PM(PRP PM4)7.3.0 Rawver.7.3.3b City of HB Portfolio Management Pagel Interest Earnings Summary September 30, 2016 September 30 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 159,375.00 2,066,889.44 Plus Accrued Interest at End of Period 579,266.66 667,641.66 Less Accrued Interest at Beginning of Period ( 647,641,37) ( 473,232.05) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 191,000.29 2,261,299.05 Adjusted by Premiums and Discounts -10,943.53 -146,100.88 Adjusted by Capital Gains or Losses 1,009.36 23,140.32 Earnings during Periods 181,066.11 2,138,338.49 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 0.00 124,788.26 Plus Accrued Interest at End of Period 64,340.41 64,340.41 Less Accrued Interest at Beginning of Period ( 49,352.50) ( 27,080.80) Interest Earned during Period 14,987.91 162,047.87 Total Interest Famed during Period 206,988.20 2,423,346.92 Total Adjustments from Premiums and Discounts -10,943.53 -146,100.88 Total Capital Gains or Losses 1,009.35 23,140.32 Total Earnings during Period 196,054.02 2,300,386.36 Portfolio CITY AP Run Daze:10(1 V2016-09:31 PM(PRF PM6)7.3.0 Repon Ver.7.3.3b So���,N�Fs,�Fy State of California Pooled Money Investment Account Market Valuation 9/30/2016 Carrying Cost Plus Description Accrued Interest Purch. Amortized Cost Fair Value Accrued Interest 1' United Stales Treasury: Bills $ 11,401,506,260.08 $ 11,424,324,705.67 $ 11,428,957,600.00 NA Notes $ 20,045,572,538.49 $ 20,043,793876.45 $ 20 060 297 000.00 $ 28,241781.50 1' Federal A enc : SBA $ 720 861 955.68 $ 720 861 955.68 $ 713 031 386.07 $ 467 100.69 MBS-REMICs $ 54,197,494.37 $ 54,197,494.37 $ 57,380,084.72 $ 255.981.62 Debentures $ 674,936,111.43 $ 874,932,465.60 $ 875,566,000.00 $ 1,420,035.50 Debentures FIR $ $ $ $ Discount Notes $ 7,676,506,236.05 $ 7,687,765,499.99 $ 7,691,065,0D0.00 NA GNMA $ $ $ $ 1' Su ranationalDebenture $ 349980433.20 $ 349,980,433.20 $ 350,734,500.00 $ 653.124.50 2' CDs and YCDs FIR $ 400,000,000.00 $ 400,000,000.00 $ 400,D00,000.00 $ 656,791.92 2' Bank Notes S 800,000,000.00 S 800,000 000.00 $ 800,059,819.97 S 2,270,333.35 2' CDs and YCOs $ 12,600,028,335.66 $ 12,600,009,446.78 $ 12,600,111,931.68 $ 22,649,236.08 2' Commercial Paper $ 7,333,219,055.55 $ 7,341,231,833.25 $ 7,340,803,513.90 NA 1' Corporate: Bonds FIR S $ $ $ Bonds S $ $ $ 1' Re urchase A tee S $ $ $ 1' Reverse Repurchase $ - $ $ $ Time De sits $ 5,222,440,000.00 $ 51222.440000.00 $ 5,222,440,000.00 NA AB 55 8 GF Loans $ 803,510,000.00 $ 803 510 000.00 $ 803 510 000.00 NA TOTAL 1 $ 68282,758410.51 1 $ 68,323047,710.99 $ 68,343,956,736.34 S 56,604,385.16 Fair Value Including Accrued Interest $ 68,400,561,121.50 'Governmental Accounting Standards Board(GASB)Statement#72 Repurchase Agreements,Time Deposits,AB 55 8 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(1.000306032). As an example:if an agency has an account balance of$20,000,000.00,then the agency would report Its participation in the LAIF valued at$20,006.120.64 or$20,000,000.00 x 1.000306032. Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Finance Department September 2016 Cash Receipts and Disbursements August 2016 September 2016 Receipts General Fund Property Tax $93,857 1,535,033.67 Local Sales Tax 3,370,300 4,095,020.39 Public Safety Sales Tax 213,896 175,062.18 Transient Occupancy Tax Receipts (TOT) 1,419,487 1,178,901.33 Utility Users Tax(UUT) 1,630,501 1,769,953.52 Other Revenue 6,081,099 5.713,884 Total General Fund Revenue 12,809,140 14,467,855 Capital Projects Funds 393,295 151,612 Debt Service Funds - Enterprise Funds 5,405,483 5,135,909 General Fund Other 20,720 6,278,819 Internal Service Funds 508,721 750,159 Special Revenue Funds 962,017 3,369,105 Grant Funds 685,301 1,244,645 Trust and Agency Funds 1,782,408 2,251,717 Total Receipts $22,567,086 $33,649,822 Disbursements General Fund Personal Services (12,191,032) (11,629,289) Operating Expenses (4,081,323) (4,146,217) Capital Expenditures (1,646,823) 91,163 Non-Operating Expenses (76,937) (4,208) Total General Fund Disbursements (17,996,115) (15,688,552) Capital Projects Funds (473,618) (1,338,993) Debt Service Funds (7,877,645) (1,050) Enterprise Funds (5,983,059) (5,358,087) General Fund Other (281,226) (2,559,804) Internal Service Funds (734,756) (548,370) Special Revenue Funds (1,233,984) (6,159,635) Grant Funds (587,704) (1,982,359) Trust and Agency Funds (1,150,354) (8,421,562) Total Disbursements (36,318,462) (42,058,412) Net Change in Cash Flow ($13,751,375) ($8,408,590) Summary of Cash by Fund July 2016 September 2016 General Fund $73,041,338 60,936,228.95 General Fund Other 1,469,755 5,188,770 Capital Projects Funds 20,783,597 19,596,217 Debt Service Funds 11,812 12,500 Enterprise Funds 77,680,992 78,892,752 Trust and Agency Funds 14,337,521 10,203,046 Internal Service Funds 10,707,216 10,909,006 Special Revenue Funds 29,938,956 26,400,209 General Ledger Cash Balances $227,971,188 $212,138,729 * 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. City of Huntington Beach City Treasurer 's Report d U 5 CFODUNTY CA`FF City Treasurer 's MissionO Preservation and Return of E:�� am Investments ❖ Portfolio governed by: • California State Regulations • City's Investment Policy — Certified by California Municipal Treasurers Association Goal - Own Legal AND Suitable Investments to meet objectives of : **** Safety of Principal ❖Adequate Liquidity ❖ Market Rate of Return In this absolute order of priority OverviewEconomic ad Marmiket 'ohm / • L July - Sep •'• Federal Reserve maintains interest rates ❖ Sept. Unemployment Rate . 5.0 ❖ DOW/S&P t2-3% from prior qtr. ❖ 10-year US Treasury. 1. 60 M �� I Portfolio Overview 09 / 30 / 16 % of Investment Type Market Value Book Value Portfolio Policy Limit Federal Agency Issues $ 132.4 $ 132.4 69% None Local Agency Investment Fund (LAIF) 22.5 22.5 12% $65 million Corporate Bonds 37.7 37.6 19% 30% Total Portfolio $ 192.5 $ 192.5 100% I Portfolio Composition 09 / 30 / 16 Corporate Bonds 19% Federal Agencies 69% T"ATF 12% �I Current Portfolio Holdings 09 / 30 / 16 Issuer Breakdown FNMA 28.71 FH L M C 25.75% CASH '11,5m FHLB- 11.57'14 GE m 5.00% TDYOTA Ma.16% FFCB 02.61% DE J1,57% CVX ■1.56% CAT ■1.56% CSCi 01.56% KO 1 1, 45 EMC 11 .28% M1RIC M 1:.04% �I Current Agency Holdi ngs 09 / 30 / 16 Federal Agency Holdings : Ei Federal Home Loan Bank Ei Federal National Mortgage Association (Fannie Mae) Ei Federal Farm Credit Bank Ei Federal Home Loan Mortgage Corp. (Freddie Mac) I Agency Holdings - Structure 09 / 30 / 16 Federal Agency composition : (As a % of market value) Step Up 16% Bullet io% 00 Fixed Callable 43% Corporate Holding,s 09 / 30 / 16 ❖ Select Corporate Bond Issuers : • Apple Inc. • Caterpillar Financial Corp. • GE Capital Corp. • Coca Cola Co. • Merck & Co Inc. • Oracle Corp. PortfoAlioEwin • Month Ending FY Total Earnings Sept 30, M6 2015/2oi6 Current Year $ 196,054 $ 2,30M86 Current Budget $ 110,000 $ 1)320)000 Last Year Actual $ 172,677 $ 1,981,542 Effective Rate of Return 1 .14% 1.12% Benchmark* 0.74% * Benchmark: 2-year Constant Maturity Treasury (CMT) rate L Conclusion [, FY2015/ 16 Earnings - $ 2 . 3 million -offset taxpayer $ for: operating expenses capital projects debt repayment other liabilities Portfolio remains compliant with relevant governmental regulations and the City's Investment Policy QUESTIONS ? Dept. ID CT 16-004 Page 1 of 1 Meeting Date: 8/1/2016 Approved 6-0-1 (Peterson Absent) CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 8/1/2016 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 2016 Quarterly Investment Summary Report Statement of Issue: Receive and File the City Treasurer's Quarterly Investment Report for June 2016, 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 2016, 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 2016 2. Treasurer's PowerPoint Presentation for June 2016 nina City of Huntington Beach Treasurer's Investment Report Quarter Ending: June 2016 Prepared by: Alisa Cutchen, CCMT, CPFIM - City Treasurer 11Page Economic and Market Overview: Market Summary Federal Funds Rate 10-Year Treasury S&P 500 DOW April 30, 2016 0.25-0.50% 1.82% 2,065.30 17,773.64 May 31, 2016 0.25-0.50% 1.83% 2,096.95 17,787.20 June 30, 2016 0.25 -0.50% 1.49% 2,098.86 17,929.99 May-June% Change 0% -18.58% 0.09% 0.80% The Federal Open Market Committee (FOMC) met in June to discuss monetary policy strategies along with the current state of the economy. The Fed released an official statement explaining that "Market-based measures of inflation compensation declined; most survey-based measures of longer-term inflation expectations are little changed in recent months." Because the Committee seeks to foster maximum employment and price stability, the Committee decided to maintain the target range for the federal funds rate at to '/z percent at this time. Fixed Income Markets: The yield on the 10-year U.S. Treasury finished the quarter at 1.49%, down from 1.78% from the previous quarter. Yields on the 10-year Treasury have been decreasing slightly since the beginning of the year. The 2-year Treasury yield also decreased, finishing the second quarter at 0.58%. This decrease in yield over the second quarter of 2016 may be partially attributed to the general reflection of the continued uncertainty that remains around global growth prospects. Employment: The U.S. gained a healthy 287,000 jobs in June with the largest increases in education and health, information services, professional services, and retailers. According to the labor department, the unemployment rate increased slightly to 4.9% as more people entered the labor force in search of work. As a result, the labor participation rate for June increased slightly to 62.7%. Over the past 3 months, job gains have averaged 147,000 per month. This strong jobs report is an important indicator that shows that the U.S. economy is continuing to expand at a moderate pace. 2 1 P a g e At a glance: the June jobs report Unemployment rate : By selected industies it,rfrowands 10� Mining logging ng rreccssror ; r:crincf Construction a 0 Manufacturin f�14 6 wholesale trade ■3.6 Rclail trade 29.9 4 Trans ortation and warehousing 108 109 110 '11 '12 '13 '14 '15 '16 9.q Monthly jobs growth W1housund, Utilities 400 ; ■2.9 Rues}lore 40o i Information Period 44 I I I II I I I1 11 200 i financial activities r�ll�ll I III I' p' Professional and business services zoo •400 ; Education and health services 59 •600 Leisure a itality 800 13 Government ; 'OS 109 110 111 '12 '13 '14 '15 '16.1.000 �22 Source: Bureau of Labor Statistics 3 1 P a g e Portfolio Overview: As of June 30, 2016: %of YTM Investment Tvpe Market Value Book Value Portfolio 365-day Policy Limit Federal Agency Issues 141,090,847 140,943,220 60% 1.36% None Local Agency Investment Fund (LAIF) 56,415,592 56,415,592 24% 0.58% $65 million Corporate Bonds 37,794,005 37,632,033 16% 1.37% 30% Total Portfolio $235,300,444 $234,990,845 100% 1.17% As of June 30, 2016, the market value of the City's investment portfolio was approximately $235.3 million, with a book value of $235.0 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 June 30, 2016 Corporate Bonds 16% \ Federal Agencies 60% LAIF 24% 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 4 ( Page 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 are obligations of corporations. All corporate bonds 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 hftp://www.treasurer.ca..Qov/pmia-laif/laif.asp 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. Portfolio Earnings and Performance: 2016 Monthly Earnings History $250,000.00 $200,000.00 a- $150,000.00 $100,000.00 $50,000.00 — $0.00 < < yl,A PJ�Jy� �¢Fae ooe� pe �e acJac` e��Ja� era�c 6P��� �aA ,y01' pyy yheQ yy0 y�° y0e phb� h 'f 6Q p'Y�0 p'y ,l, rypy ,y0 rypy vOy .�, 10 'L Monthly investment earnings for June 30, 2016 were $207,367. The monthly effective rate of return was 1.10%, with a fiscal year-to-date effective rate of return of 1.12%. This compares favorably to the previous year's monthly earnings of $180,127 and monthly effective rate of return of 0.99%, for the same time period in 2015. 5 1 P a g e Fiscal YTD Month Ending 06/30/16 2015/16 Total Earnings: Current Year $ 207,367 $ 1,693,868 Current Budget $ 110,000 $ 990,000 Last Year Actual $ 180,127 $ 1,443,848 Effective Rate of Return 1.10% 1.12% With the Federal Reserve having raised interest rates in December, bond yields rose slightly at year-end. However, such yields have fallen over the first quarter of 2016. Correspondingly, the portfolio has experienced a slight uptick in the overall yield. Portfolio Activity: (For details of portfolio activity, please see the Sympro reports attached entitled 'Activity Report') Monthly Activity: For the month ending June 30, 2016, $65 million in federal agencies were purchased. $62 million in federal agencies were called, sold, or matured. There was a net of $1 million transferred from the operating bank account to the LAIF account for the month. No corporate bonds matured or were purchased. Quarterly Activity: For the quarter ending June 30, 2016, a total of $75 million in federal agency securities were purchased with $82 million in federal agencies called, sold or matured. A net of $31 million was transferred to LAIF from the operating account over the quarter with a deposit of $29,304 for interest earned from quarter ending June 30, 2016. $3 million in corporate bonds were redeemed during the quarter. Compliance: The portfolio is in conformity with all relevant State regulations and the City's Investment Policy statement as approved by the City Council on November 5, 2015. The investment program herein shown provides sufficient cash flow liquidity to meet the next six months' obligations. 6 1 P a g e Additional Information: Retirement Plan Information as of March 31, 2016: (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 March 31,2016 Beginning Contributions Distributions/ Earnings Other Fees/ Self Directed Ending Balance Transfers (change in Adjustments Option Balance Balance (1-1-16) value) (Nationwide (3.31.16) Gain/Loss/ Only) Reportng is Quaneriy Interest ICMA Retirement Corporation(457 Plan) $42.226.396 $553.666 ($366,600) ($15,712) ($3,246) $42,393,404 Nationwide Retirement Solutions(467 Plan) $74.165,595 $930.653 ($1,322,130) $258,298 (S800) $1,275,406 $75,307,222 Total Deferred Compensation Plan Balances $116,390,991 $1,484,419 ($1,688,730) $242,586 ($4,046) $117,700,626 City of Huntington Beach Retiree Medical Trust Summary Information as of March 31,2016 Beginning Contributors Distributions/ Investment Other Fees/ Ending Balance Transfers Earnings Adjustments Balance (1-1-16) (changein (3-31-16) Reporting is Quarterly value) CaIPERS Retiree Medical Trust Account $19,477,711 $0 $0 $713,977 ($4,103) $20,187,686 City of Huntington Beach Supplemental Pension Trust Summary Information(monthly reporting,not quarterly) as of March 31,2016 Beginning Employer Interest& Realized Changein Other Trust Ending Balance Contributions Dividends Gain/Loss Unrealized Feast Balance Plus Net Gains/Losses Adjustments (3-31.16) (3-1-16) Accrued Reporting is Monthly Income US Bank Supplemental Pension Trust Account $42305,908 $0 $103952 $43349 $2297,141 ($5478) $44,746872 7 1 P a g e Bond Reserve Accounts - Balances as of June 30, 2016: Summary of Huntington Beach Bond Issue-- Reserve Accounts Reserve Account Investments As of June 30,2016 Value as of Federal Money Markel Bond Issue: June 30,2016 LAW Agency Issues Funds HB.Pubic Financing Authority Lease ReLndirg Bonds 2010 Series A 1,242,706.12 1,242,706.12 H.B.Pubis FlnamN Auhsri r(Capital Improvement RefamaiiglSenbr Cenler) Bonds 2011 Series A 3,707,288.02 3,707,287.86 0.16 Redevebpment Agency of H.B.-19"Tar Afocalon Refunding Bonds(113 of 1992) 759,956.75 759,955.74 1.00 0.01 Redeve'opment Agency of H.B.-2002 Tax Mocafon Re4nding Bonds(2/3 of 1992) 1,684,738.01 645,911.72 1,018,160.00 20,666.29 H.B.Community Fwflifes District No. 19N 12001 Special Tax Bonds(Codenwes4FJGs) 172.599.01 172,108.89 400.12 H.B.Community Facilites Ustrict No.2000-1 2013 Special Tax Bonds(Grand Conn lijaw 1,092,135.99 1,092,135.99 HB.Community Facilites Ustrlcl No.2002-1 2002 Special Tax Bonds(McDonnell Centre Business Park) 454,547.32 454,547.32 KB.Community Faclifes Us*tNo.2003-12013 Special Tax Bonds ftriagion Cenkx-Bella Tema) 1,681,161.95 1,681,161.95 TOTALS: $ 10,795,133 $ 6,739,902 $ 1,01%161 $ 4,037,071 8 Page a�%TINGTpy �`4 yco.rornrc e City of Huntington Beach 1 'x City of HB 2000 Main St. Huntington Beach, Portfolio Management cFpouHrt cap`° Portfolio Summary April 30, 2016 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Imes-Coupon 138,000,000.00 138,136,130.00 138.070.237.36 71.12 1.304 1,069 1.360 1,369 Local Agency Investment Funds 15,415,592.23 15,415,592.23 15,415,592.23 7.94 1 1 0.518 0.525 Corporate Bonds 40,500,000.00 40,842,870.00 40,663,061.79 20.94 1,213 635 1.330 1.348 193,915,592.23 194,394,592.23 194,148,891.38 100.00% 1,181 893 1.280 1.298 Investments Cash and Accrued Interest Accrued Interest at Purchase 6.319.44 6,319.44 Subtotal 6.319.44 6.319.44 Total Cash and Investments 193,915,692.23 194,400,911.67 194,155,210.82 1,181 893 1.280 1.298 Total Earnings April 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 208,774.83 1,280,147.58 Current Budget 110,000.00 770,000.00 1,320,000.00 Last Year Actual 177,809.52 1,071,660.90 1,853,856.91 Average Daily Balance 204,141,812.62 195,916,760.42 Effective Rate of Return 1.240/6 1.120% 1 certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 2,2015.A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Interactive Data Corporation. 001 . 7-1A-Ilp Alisa Cutchen,CITY TREASURER Reporting period 04/01/2 01 6-04/3 012 01 6 Portfolio CITY AP Rut Dete:07114/2016-08.32 PM(PRF PM1)7.3.0 Report Vw.7.3.3b City of HB Portfolio Management Pagel Portfolio Details - Investments April 30, 2016 Average Purchase Stated YTM Days to Maturity CUSIP Investment if 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 04/23/2015 S,ODO,000.00 4,991,050.00 5,000,000.00 1.090 AA 1.090 722 04/2312018 3133EETEO 4060 Federal Fan Credit Bank 04/17/2015 5,000,000.00 5,025,800.00 5,024,046.84 1.125 AA 0.863 680 03/1212018 313OA3TA2 4038 Federal Home Loan Bank 12Y30/2014 S,ODO,000.00 5,017,800.00 4,999,361.69 1.000 AA 1.010 471 08/15/2017 31337BA43 4D48 Federal Home Loan Bank 02/20/2015 5,000,000.00 5,048,300.00 5,025,012.01 1.375 AA 1.100 677 03/09/2018 3130ASMD8 4074 Federal Home Loan Bank 06/24/2015 5,0D0,000.00 5,004,560.00 5,000,000.00 1.000 AA 1,743 1,149 06/2412019 3130A61170 4125 Federal Home Loan Bank 1212MO15 5,000,000.00 5,004,950.00 5,000,000.00 1.450 1.450 971 12/28/2018 313OA6U70 4128 Federal Home Loan Bank 12/28/2015 5,000,000.00 5,004,950.00 5,D00,000.00 1.450 1.450 971 12/28/2018 313OA6X69 4130 Federal Home Loan Bank 12/28/2016 5,000,000.00 5,003,900.00 5,000,000.00 1.500 1.500 971 12/2812018 3137EADS5 4078 Federal Home Loan Mort Corp 09/17/2015 5,OD0,000.00 5,007,650.00 5,007 897.29 0.875 0.525 165 10/1412016 3134G7ZA2 4079 Federal Home Loan Mort Corp 09/30/2015 5,000,000.00 5,003,200.00 5,000,000.00 1.000 1.860 1,247 09/30/2019 3134G7,169 4090 Federal Home Loan Mort Corp 09/30/2015 5.000,000.00 5,000,400.00 6,000,000.00 1.375 2.359 1,613 OW012020 3134G7,144 4091 Federal Home Loan Mori Corp 09/30/2015 6,000,000.00 6,001,320.00 6,000,000.00 1.800 AAA O.D00 1,613 09/30/2020 3134G7G70 4092 Federal Home Loan Mort Corp 09/282015 5,000,000.00 5,006,900.00 5,000,000.00 1.400 1.400 1,153 06/28/2019 3134G71-90 4115 Federal Home Loan Mort Corp 10292015 2,000,000.00 2,000,600.00 2,000.000.00 1.250 2.236 1,642 10/2912020 3134G71-187 4116 Federal Home Loan Mort Corp 10222015 4,OD0,000.00 4,000,600.00 4,000.000.00 1.250 2.189 1.635 101=2020 3134G7U25 4117 Federal Home Loan Mort Corp 1027/2015 5,000,000.00 4,996,650.00 5,000,000.00 0.800 0.800 544 1027/2017 3134G7X71 4118 Federal Home Loan Mori Corp 1012MOIS 2,000,000.00 1,991,080.00 2,000,000.00 1.000 1.527 1,093 04MI2019 3134G7P96 4119 Federal Home Loan Mort Corp 10/292015 3,000,000.00 3,001,050.00 3,000,000.00 1.000 1.527 1.093 0429/2019 3134G73Q2 4120 Federal Home Loan Mort Corp 10/27/2015 5,000,000.00 4,987,600.00 5,000,000.00 1.000 AAA 0.991 817 0727/2018 3134G74R9 4121 Federal Home Loan Mort Corp 11252015 5,ODO,000.00 5,000,450.00 5,000,000.00 1.800 1.800 1,669 1125/2020 3134G8CA5 4123 Federal Home Loan Mort Corp I2/23/2015 5,000,000.00 5,003,500.00 5,000,000.00 1.250 AA 2.276 1,697 1223/2020 3134GSC72 4124 Federal Home Loan Mort Corp 12/182015 6,000,000.00 8,002,880.00 6,000,000.00 1.125 1.125 596 12/18/2017 3134G8F38 4129 Federal Home Loan Mort Corp 12/282015 5,000,000.00 5,003,600.00 5,000,000.00 1.100 AAA 1.569 971 1228/2018 3134GSN70 4131 Federal Home Loan Mort Corp 03/30/2016 5,000,000.00 5,000,650.00 5.000,000.00 1.600 1.875 1,794 03/30/2021 3136GORKI 3945 Fed.Nat'I Mort Assoc. 11/07/2012 5,000,000.00 4,999,650.00 5.000.000.00 0.900 AA 0.900 655 11/07/2017 3136G2RSS 4122 Fed.Nall Mort Assoc. 10292015 51000,000.00 5,004,050.00 5,000,000.00 1.040 1.040 908 1026/2018 3135GOZLO 4132 Fed.Nafl Mort Assoc. 03/092016 5,000,000.00 5,018,000.00 5,013,919.53 1.000 AA 0.800 514 09272017 3136G2WL6 4133 Fed.Nat1 Mort Assoc. 03/112016 51000,000.00 5,002,300.00 5,000,000.00 1.820 1.820 1,752 02/1612021 3136G3FY6 4134 Fed.Nat'l Mon Assoc. 03/302016 5.000,000.00 5,002,700.00 5,000,000.00 1.250 2.042 1,794 03/3012021 Subtotal and Average 146,739,048.05 138,0D0,000.00 138,136,130.00 138,070,237.36 1.369 1,069 Local Agency Investment Funds SYS982 982 La'd City 15,415,592.23 15,415,592.23 15,415.592.23 0.525 0,525 1 Subtotal and Average 16,735,250.49 15,416,592.23 15,415,592.23 15,415,592.23 0.525 1 Portfolio CITY AP Run Date:07/1 412 01 6-0 8:32 PM(PRF_PM2)7.3.0 Ropon Ver.7.3 3b City of HB Portfolio Management Page 2 Portfolio Details - Investments April 30, 2016 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,D00.00 3,001,260.00 2,991,213.97 1.000 AA 1.151 732 05/032018 14912L5P2 4024 Caterpillar Financial Corp. 12/10/2014 3.000.000.00 3,007,350.00 2,986,356.59 1.300 A 1.555 669 03/012018 166764AA8 4044 Chevron Corp 02/09/2015 3.000.000.00 3,001,740.00 3,004,745.67 1.104 AA 1.003 583 121052017 268648AP7 4077 EMC Corp 07/1412015 2,500,000.00 2,472,350.00 2,512,403.57 1.875 AA 1.630 761 061012018 36962GSV40 $994 General Electric Capital Corp 1228/2013 5,000,000.00 6,071,550.00 5,048,672.11 2.300 AAA 1.291 361 D41272017 36962GSK5 4007 General Electric Capital Corp 05/12/2014 2,500,000.00 2,515,250.D0 2,509.819.97 1.600 AA 1.340 568 111202017 36962G6Vd9 4036 General Electric Capital Corp 12/1912014 2,000,000.00 2,023,460.D0 2,OD6,842.24 1.625 AA 1.442 701 041022018 24422ESR1 4128 John Deere Capital 12/062015 1,000,000.00 1,011.070.00 1,003,189.11 1.550 1.350 593 12/152017 24422ESR1 4127 John Deere Capital 12/08/2015 2,000,000.00 2,022,140.00 2,006,779.86 1.550 1.337 593 12H52017 1912168A7 4049 Coca Cola Cc 02242015 2,500,000.00 2,511,100.00 2,494,950.09 1.150 AA 1.258 700 04/012018 58933YAC9 4045 Merck&Co Inc 02/09/2015 2,000,000.00 2,005,620.00 2.001,362.54 1.100 AA 1.089 640 01/31/2018 68389XA08 4071 Oracle Corp 05262015 3,000,000.00 3,102,570.00 3,050,493.23 2.375 AA 1.731 989 01/15/2019 674599CB9 3977 Occidental Petroleum 06282013 3,000,000.00 3,025.260.00 3,015,982.17 1.750 A 1.059 290 02/15/2017 89233P7E0 4023 Toyota Motor Credit 12/10/2014 3,000,000.00 3,016,770.00 2,994,239.19 1.375 AA 1.491 619 01/1012018 89236TAY1 4039 Toyota Motor Credit 01/262015 3,000,000.00 3,066,380.00 3,036.011.48 2.000 AA 1.500 906 1D24/2018 Subtotal and Average 40,667,514.08 40,500,000.00 40,842,870.00 40,663,061.79 1.348 635 Total and Average 204,141,91262 193,915,592.23 194,394,592.23 194,148,891.38 1.298 $93 Portfolio CITY AP Run Data:0711 412 01 6-0 8:32 PM(PRF_PM2)7.3A City of HB Portfolio Management Page 3 Portfolio Details -Cash April 30, 2016 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 6,319.44 6.319.44 0 Subtotal 6,319.44 6,319.44 Total Cash and Investments 204,141,812.62 193,915,592.23 194,400,911.67 194,155,210.82 1.298 893 Portfolio CITY AP Run Data:0711412016-06'.32 PM(PRF PM2)7.3.0 City of HB Portfolio Management Page t Activity By Type April 1, 2016 through April 30, 2016 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3130A4VE9 4055 Federal Home Loan Bank 1.050 04l2V2016 0.00 5,000,000.00 3136GIEPO 3964 Fed.Narl Mon.Assoc. 1.100 04/27/2016 0.00 5,000,000.00 Subtotal 0.00 10,000,000.00 138,070,237.36 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.525 29,303.72 10,000,000A0 Subtotal 29,303.72 10,000,000.00 15,415,692.23 Corporate Bonds Subtotal 40,663,061.79 Total 29,303.72 20,000,000.00 194,148,891.38 Portfolio CITY AP Run Date:07114=16-0 M PM(PRF_PM3j 7.3.0 Rewn Ver 7.3.31, City of HB Portfolio Management Page 1 Activity Summary April 2015 through April 2016 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity April 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 1.059 1.074 0.299 2 6 1,175 853 July 2015 44 220,974,892.46 1.144 1.160 0.320 3 0 1,253 908 August 2015 43 207,414,248.06 1.210 1.227 0.330 0 1 1,327 948 September 2015 40 192,954,371.29 1.159 1.175 0.337 5 8 1,172 894 October 2015 41 186,003,670.17 1.207 1.223 0.337 7 6 1,184 944 November 2015 39 181,304,552.62 1.200 1.217 0.374 1 3 1,174 933 December 2015 46 186,878,180.67 1.238 1.255 0,400 8 1 1,147 925 January 2016 46 207,140,111.69 1.243 1.261 0.446 0 0 1,147 898 February 2016 43 204,413,571.12 1.217 1.234 0.467 0 3 1,102 832 March 2016 47 201,877,568.13 1.232 1.249 0.506 4 0 1,140 869 April 2016 45 204,141,812.62 1.280 1.298 0.525 0 2 1,181 893 Average 44 202,742,375.65 1.197% 1.214% 0.378 3 3 1,206 914 Portfolio CITY AP Run Data:07114/2016-08'32 PM(PRF PM4)7.3.0 Ropon Val.7.1W City of HB Portfolio Management Page 1 Interest Earnings Summary April 30, 2016 April 30 Month Ending Fiscal Year To Date CD/CoupordDiscount Investments: Interest Collected 308,441.67 1,196,247.85 Plus Accrued Interest at End of Period 575,817.43 675,817.43 Less Accrued Interest at Beginning of Period ( 679.058.12) ( 473,232.05) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 205,200.98 1,298,833.23 Adjusted by Premiums and Discounts -13,647.53 -91,294.65 Adjusted by Capital Gains or Losses 10,000.00 12,188.15 Earnings during Periods 201,553.45 1,219,726.73 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 29,303.72 78,098.98 Plus Accrued Interest at End of Period 9,402.67 9,402.67 Less Accrued Interest at Beginning of Period ( 31,485.01) ( 27,080.80) Interest Earned during Period 7,221.38 60,420.85 Total Interest Earned during Period 212,422.36 1,359,254.08 Total Adjustments from Premiums and Discounts 43,647.53 -91,294.65 Total Capital Gains or Losses 10,000.00 12,188.15 Total Earnings during Period 208,774.83 1,28D,147.58 Portfolio CITY AP Run Date:07114=15-0&.32 PM(PRP_PM6)7.3.0 Report Ver.7.3.31, V\NYE$T4f, State of California goBg4? W 'o Pooled Money Investment Account �'F�'bPmpq OSo Market Valuation 4/30/2016 Carrying Cost Plus Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury: Bills $ 11,907,869,977.76 $ 11,932,906,000.00 NA Notes $ 21,696,459,844.51 $ 21,709,930,000.00 $ 31,869,590.00 Federal Agency: SBA $ 698,276,212.42 $ 690,463,338.36 $ 887,126.71 MBS-REMICs $ 64,576,122.35 $ 68,590,036.25 $ 306,084.57 Debentures $ 1,155,003,053.62 $ 1,155,532,850.00 $ 1,225,735.15 Debentures FIR $ - $ - $ Discount Notes $ 6,834,377,652.68 $ 6,842,204,500.00 NA GNMA $ - $ - $ - Su ranational Debentures $ 599,986,669.79 $ 600,327,000.00 $ 437,778.00 CDs and YCDs FR $ 400,000,000.00 $ 400,000,000.00 $ 426,358.89 Bank Notes $ 300,000,000.00 $ 299,929,147.60 $ 54,333.34 CDs and YCDs $ 12,000,003,344.94 $ 11,999,343,705.75 $ 11,656,874.99 Commercial Paper $ 5,740,814,624.98 $ 5,744,978,152.72 NA Corporate: Bonds FIR $ - $ - $ Bonds $ - $ - $ Repurchase Agreements $ - $ - $ Reverse Repurchase $ - $ - $ Time Deposits $ 5,695,940,000.00 $ 5,695,940,000.00 NA AB 55 & GF Loans 442,552,000.00 $ 442,552,000.00 NA TOTAL $ 67,535,859,503.05 $ 67,582,696,730.68 1 $ 46,863,881.65 Fair Value Including Accrued Interest $ 67,629,560,612.33 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 2016 April 2016 Receipts Property Tax Receipts $3,447,359 $18,821,750 Utility Tax Receipts (UUT) 1,633,784 1,560,826 Sales Tax Receipts 2,717,261 2,284,200 1/2 Cent Safety Sales Tax Receipts 241.740 156.542 Highway Users Tax Receipts (HUT) 696,038 - Transient Occupancy Tax Receipts (TOT) 668,650 817,849 Government Funds 64,586 122,473 Capital Funds 3,854,933 104,925 Debt Service Funds - - Enterprise Funds 4,783,420 4,358,057 Fiduciary Funds 1,289,617 1,900,766 Internal Service Funds 509,775 811,313 Special Revenue Funds 3,481,931 310,400 Internal Service Funds All Other Receipts 5,307,784 4,899,363 Total Receipts $28,696,676 $36,148,464 Disbursements CalPERS Pension Prepayment Total Disbursements (25,907,966) (23,165,024) Net Change in Cash Flow $2,788,912 $12,983,440 Summary of Cash by Fund March 2016 April 2016 General Fund $72,076,696 $80,722,884 Government Funds 2,124,648 2.187,272 Capital Funds 20,664,260 19,691,229 Debt Service Funds 10,262 10,262 Enterprise Funds 76,501,945 76,461,580 Fiduciary Funds 13,168,760 14,090,216 Internal Service Funds 10,869,745 11,103,801 Special Revenue Funds 29,435,364 28,612,497 General Ledger Cash Balances $224,841,679 $232,879,741 "Total cash will differ from investment portfolio total due to outstanding checks and/or other timing (2) Item represents a significant cash payment during the month. Note: Above information was obtained from the City's accounting system records. The above �UNTINGTpy °F `r,pnm,y?o O City of Huntington Beach 2000 Main St. City of HB Huntington Beach, Portfolio Management �$cF `° ,a•'°��F°Q Portfolio Summary �GpynGa May 31, 2016 Par Market Book %of Daysto YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 366 Equiv. Federal Agency Issues-Coupon 138,000,000.00 138,031,220.00 138,042,829.75 59.73 1,305 1,060 1.368 1.387 Local Agency Investment Funds 55,415,592.23 55,415,592.23 55,415,59223 23.98 1 1 0.544 0.562 Corporate Bonds 37,600,000.00 37,704,145.00 37,639,556.24 1629 1,202 631 1.353 1.371 230,915,692.23 231,150,957.23 231,097,978.22 100.00% 976 736 1.168 1.184 Investments Cash and Accrued Interest Accrued Interest at Purchase 6,319.44 6,319.44 Subtotal 6,319.44 6.319.44 Total Cash and Investments 230,915,592.23 231,157,276.67 231,104,297.66 976 736 1.168 1.184 Total Earnings May 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 206,353.17 1,486,500.75 Current Budget 110,000.00 880,000.00 1,320,000.00 Last Year Actual 192,059.68 1,263,720.58 1,853,856.91 Average Daily Balance 208,914,656.20 197,568,132.43 Effective Rate of Return 1.16% 1.13% I certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 2,2015.A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Interactive Data Corporation. Alisa Cutchen,CITY TREASURER Reporting period 0 510 112 01 6-0 513112 01 6 Portfolio CITY AP Run DOW:07114/2016-06:33 PM(PRF PM1)7.3.0 Rayon Ver.7.3.3E City of HB Portfolio Management Pagel Portfolio Details - Investments May 31, 2016 Average Purchase Stated YTM Daysto 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 041232015 5,000,000.00 4.998.750.00 6.000,000.00 1.090 AA 1.090 691 04/23/2018 313OA3TA2 4038 Federal Home Loan Bank 12/302014 5,000,000.00 5,011,650.00 4,999,402.95 1.000 AA 1.010 440 08/152017 31337BA43 4048 Federal Home Loan Bank 02120=15 5,000,000.00 5,038,750.00 5.023.888.72 1.375 AA 1.100 646 03/09/2018 313OA5MD8 4074 Federal Home Loan Bank O6/242015 5,000,000.00 5,001,750.00 5,000,000.00 1.000 AA. 1.743 1.118 0624/2019 3130A6U70 4125 Federal Home Loan Bank 12/282015 5,000,000.00 6,002,100.00 5,000,000.00 1.450 1.450 940 1228/2018 313OA6U70 4128 Federal Home Loan Bank 12/2a2015 5,000,000.DO 5,002,100.00 5,000,000.00 1.450 1.450 940 12282018 313OA6X69 4130 Federal Home Loan Bank 12/282015 5,000,000.00 5,001,600.00 5,000,000.00 1.500 1.500 940 12282018 3130A7VVK7 4136 Federal Home Loan Bank 05242016 5,000,000.00 5,002.250.00 5,000,000.00 1.250 1,260 1,087 05/242019 3137EADS5 4078 Federal Home Loan Mort Corp 09/172015 5,000,OOO.D0 5,005,750.00 5,006,443.80 0.875 0.525 135 101142016 3134G7ZA2 4079 Federal Home Loan Mort Corp 09/302015 5,000,000.00 4,999,600.00 5,000,000.00 1.000 1.860 1,216 09/302019 3134G7J69 4090 Federal Home Loan Mort Corp 09/302015 5,000,000.DO 4,996,950.00 5,000,000.00 1.375 2,359 1.582 091302020 3134G7J44 4091 Federal Home Loan Mort Corp 09/30/2016 6,000,000.DO 6,000,240.00 6,000,000.00 1.800 AAA 0.000 1,582 091302020 3134G71370 4092 Federal Home Loan Mort Corp 09282015 6,000,000.00 5,003,050.00 5,000,000.00 1A00 I ADO 1.122 06/282019 3134G71-90 4115 Federal Home Loan Mort Corp 1029/2015 2,000,000.00 2,000.140.00 2,000,000.00 1.250 2.236 1,611 10/292020 3134G71-187 4116 Federal Home Loan Mort Corp 10=015 4.000,000.00 3,999'"0.00 4,000,000.00 1.250 2.189 1,604 10/222020 3134G7U25 4117 Federal Hare Loan Mort Corp 1027/2015 5.000.000.00 4,990,950.00 6,000,000.00 0.800 0.800 513 10272017 3134G7X71 4118 Federal Home Loan Mort Corp 10292016 2,000,000.00 1,989,160.00 2,000,000.00 1.000 1.527 1,062 04/292019 3134G7P96 4119 Federal Home Loan Mort Corp 10292015 3.000,000.00 3,000,270.00 3,000,000.00 1.000 1.527 1,062 04/292019 3134G7302 4120 Federal Home Loan Mort Corp 1027/2015 5,000,000.00 4,979,000.00 5,000,000.00 1.000 AAA 0.991 786 07127=18 3134G8CA5 4123 Federal Home Loan Mort Corp 121=2015 5,000,000.00 5,001,300.00 5,000,000.00 1.250 AA 2.276 1,666 12/232020 3134G8C72 4124 Federal Home Loan Mort Corp 12M8/2015 6,000,000.00 6,000,120.00 6.000,000.00 1.125 1.125 565 12/182017 3134G8F38 4129 Federal Home Loan Mort Corp 122812015 6,000,000.00 5.001.450.00 5,000,000.00 1.100 AAA 1.569 940 12282018 3134GSN70 4131 Federal Home Loan Mort Corp 03/30/2016 5,000,000.00 4,999.550.00 5.000,000.00 1.600 1.875 1,763 03/30/2021 3135GORK1 3945 Fed.Nat'l Mon Assoc. 11/072012 5,000,000.00 4,993,850.00 5.000,000.00 0.900 AA 0.900 524 11/07/2017 3136G2R58 4122 Fed.Nat'l Mort Assoc. 1029/2015 5,000,000.00 5,001,650.00 5,000,000.00 1.040 1.040 877 1026/2018 3135GOZLO 4132 Fed.Nat'l Mot Assoc. 03/09/2016 5,000,000.00 5,011,450.00 5,013,094.27 1.000 AA 0.800 4B3 0927/2017 3136G2N26 4133 Fed.Nat'l Mort Assoc. 03/112016 5,000,000.00 5,000,800.00 5,000,000.00 1.820 1.820 1.721 02/16/2021 3136G3FY6 4134 Fed.Nat'l Mort.Assoc. 03l30/2016 5,ODO,000.00 5,000,800.00 5,000,000.00 1.250 2.042 1,763 03130/2021 3136G3KM6 4135 Fed.Nat'I Mom Assoc. 05/172016 5,000,000.00 4,996,650.00 5,000,000.00 1.100 AAA 1.912 1,811 05/17/2021 Subtotal and Average 136,273,299.43 138,000,000.00 138,031,220.00 138,042,829.75 1.387 1,060 Loral Agency Investment Funds SYS982 982 Lag City 55,416,592.23 55,415,592.23 55,415,592.23 0.552 0.552 1 Subtotal and Average 34,609,140.62 55,415,592.23 65,415,592-23 55.415,592.23 0.552 1 Portfolio CITY AP Run Date:07/142016-08733 PM(PRF-PM2)7.3.0 Report Var.7.3.3b City of HB Portfolio Management Page Portfolio Details - Investments May 31, 2016 Average Purchase Stated YTM Daysto Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Data Corporate Bonds 037833AJ9 3976 Apple Inc. 05/28/2013 3,000,000.00 2,996,070.00 2,991,579.04 1.000 AA 1.151 701 05/03/2018 14912LSP2 4024 Caterpillar Financial Corp. 121102014 3,000,000.00 3,003,390.00 2,986,976.74 1.300 A 1.555 638 03/01/2018 161 4044 Chevron Corp 021092016 3,000,000.00 2,997,510.00 3,004,497.64 1.1D4 AA 1.003 552 12/06/2017 268649AP7 4077 EMC Corp 07/142015 2,500,000.00 2,438,350.00 2,511,007.43 1.875 AA 1.630 730 06/012018 36962GSW0 3994 General Electric Capital Corp 12/262013 5,D00,000.00 5,061,800.00 5,044,570.52 2.300 AAA 1.291 330 0427/2017 36962G6K5 4007 General Electric Capital Corp 051122014 2,500,000.00 2,520,725.00 2,509,292.96 1.600 AA 1,340 537 11202017 36962G6W9 4036 General Electric Capital Corp 12A92014 2,000,000.00 2,020,900.00 2,006,545.19 1.625 AA 1.442 670 04/022018 24422ESR1 4126 John Deere Capital 121082015 1,000,000.00 1,006,660.00 1,003,025.28 1.550 1.350 562 121152017 24422ESR1 4127 John Deere Capital 12/082015 2,D00,000.00 2,013,320.00 2,006,431.58 1.550 1.337 562 12/15/2017 191216BA7 4049 Coca Cola Co 02242015 2,500,000.00 2,505,300.00 2,496,169.65 1.150 AA 1,258 669 04/012018 58933YACO 4045 Merck&Cc Inc 02I092015 2,000,000.00 2,005,060.00 2,001,297.55 1.100 AA 1.089 609 01/312018 68389XA08 4071 Orade Corp 05/262015 3,000,000.00 3,084,930.00 3,048,938.00 2.375 AA 1.731 958 01/152019 89233P7E0 4023 Toyota Motor Credit 121102014 3,000,000.00 3,007,590.00 2,994,522.97 1.375 AA 1.491 sea 01/102018 89236TAY1 4039 Toyota Motor Credit 01262015 3,000,()00.D0 3,042,540,00 3,034,801.69 2.000 AA 1,500 875 10242018 Subtotal and Average 38,032,216.15 37,500,000.00 37,704,146.00 37,639,556.24 1.371 631 Total and Average 208,914,656.20 230,915,592.23 231,150,957.23 231,097,978.22 1.184 736 Portfolio CITY AP Run Dee.07114=16-08:33 PM(PRF_PM2)7.3.0 City of HB Portfolio Management Page Portfolio Details -Cash May 31, 2016 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 6,319.44 6,319.44 0 Subtotal 6,319.44 6,319.44 Total Cash and Investments 208,914,656.20 230,915,592.23 231,157,276.67 231,104,297.66 1.184 736 Portfolio CITY AP Run Date:07114I2016-08:33 PM(PRF_PW)T3.0 City of HB Portfolio Management Page 1 Activity By Type May 1, 2016 through May 31, 2016 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133EETEO 4060 Federal Farm Credit Bank 1.125 05/05/2016 0.00 5,023,903.49 3130A7WK7 4136 Federal Home Loan Bank 1.250 05/24/2016 5,000,000.00 0.00 3134G74R9 4121 Federal Home Loan Mort Corp 1.800 05125/2016 0.00 5,000,000.00 3136G3KM6 4135 Fed.Net Mom Assoc. 1.100 05117=16 5,000,000.00 0.00 Subtotal 10,000,000.00 10,023,903.49 138,042,829.75 Local Agency Investrnent Funds (Monthly Summary) SYS982 982 Laif City 0.552 40,000,000.00 0.00 Subtotal 40,000,000.00 0.00 S5,415,592.23 Corporate Bonds 674599CB9 3977 Occidental Petroleum 1.750 05/05/2016 0.00 3,015,757.07 Subtotal 0.00 3,015,757.07 37,639,656.24 Total 50,000,000.00 13,039,660.56 231,097,978.22 Portfolio CITY AP Run Data.07/14/2016-08:33 PM(PRF_PM3)7.3.0 Report Ver.7.3.3b City of HB Portfolio Management Page 1 Activity Summary May 2015 through May 2016 Yield to Maturity Managed Number Number Month Numberof Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity 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 1.059 1.074 0.299 2 6 1,175 853 July 2015 44 220,974,892,46 1.144 1.160 0.320 3 0 1,253 908 August 2015 43 207,414,248.06 1.210 1.227 0.330 0 1 1,327 948 September 2015 40 192,954,371.29 1.159 1.175 0.337 5 8 1,172 894 October 2015 41 186,003,670.17 1.207 1.223 0.337 7 6 1,184 944 November 2015 39 181,304,552.62 1.200 1.217 0.374 1 3 1,174 933 December 2015 46 186,878,180.67 1.238 1.255 0.400 8 1 1,147 925 January 2016 46 207,140,111.69 1,243 1.261 0.446 0 0 1,147 898 February 2016 43 204,413,571.12 1.217 1.234 0.467 0 3 1,102 832 March 2016 47 201,877,568.13 1.232 1.249 0.506 4 0 1,140 869 April 2016 45 204,141,812.62 1.280 1.298 0.525 0 2 1,181 893 May 2016 44 208,914,656.20 1.168 1.184 0.552 2 3 976 736 Average 43 203,277,641.54 1.194% 1.211% 0.399 3 3 1,175 892 Portfolio CITY AP Run Date:07114/2016-08:33 PM(PRF PM4)7,3,0 Ropon ver.7.3.3b City of HB Portfolio Management Pagel Interest Earnings Summary May 31, 2016 May 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 122,448.25 1,318,696.10 Plus Accrued Interest at End of Period 644,806.61 644,806.61 Less Accrued Interest at Beginning of Period ( 575,817.43) ( 473,232.06) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 191,437.43 1,490,270.66 Adjusted by Premiums and Discounts -11,252.60 -102,547.25 Adjusted by Capital Gains or Losses 9,942.82 22,130.97 Earnings during Periods 190,127.65 1,409,854.38 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 78,098.98 Plus Accrued Interest at End of Period 25,628.19 25,628.19 Less Accrued Interest at Beginning of Period ( 9,402.67) ( 27,080.80) Interest Earned during Period 16,225.52 76,646.37 Total Interest Earned during Period 207,662.96 1,566,917.03 Total Adjustments from Premiums and Discounts -11,252.60 -102,547.25 Total Capital Gains or Losses 9,942.82 22,130.97 Total Earnings during Period 206,353.17 1,486,500.75 Portfolio CITY AP Run Data:07IW2016-06:33 PM(PRF PM6)7.2..0 Repoh Ver.7.3.3b \NVEST,}TFy� State of California Pooled Money Investment Account Market Valuation 5/31/2016 Carrying Cost Plus Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury: Bills $ 11,854,447,170.78 $ 11,876,150,500.00 NA Notes $ 21,396,855,613.06 $ 21,392,285,500.00 $ 35,129,035.00 Federal Agency: SBA $ 692,343,608.97 $ 686,152,213.27 $ 878,821.65 MBS-REMICs $ 61,851,964.24 $ 65,505,834.76 $ 293,027.80 Debentures $ 1,155,178,899.62 $ 1,155,319,150.00 $ 1,558,027.40 Debentures FIR $ - $ - $ Discount Notes $ 7,729,627,388.78 $ 7,736,527,500.00 NA GNMA $ - $ - $ - Su ranational Debentures $ 599,986,669.79 $ 599,676,000.00 $ 704,237.60 CDs and YCDs FIR $ 400,000,000.00 $ 400,000,000.00 $ 286,680.27 Bank Notes $ 500,000,000.00 $ 499,912,892.70 $ 351,611.12 CDs and YCDs $ 13,000,003,344.94 $ 12,999,738,655.37 $ 16,407,805.53 Commercial Paper $ 6,438,498,750.01 $ 6,443,377,208.34 NA Corporate: Bonds FIR $ - $ - $ Bonds $ - $ - $ Repurchase Agreements $ - $ - $ Reverse Repurchase $ - $ - $ Time Deposits $ 5,765,940,000.00 1 $ 5,765,940,000.00 NA AB 55 &GF Loans 502,313,000.00 $ 502,313,000.00 NA TOTAL $ 70,097,046,410.19 1 $ 70,122,898,454.44 $ 55,609,246.27 Fair Value Including Accrued Interest $ 70,178,507,700.71 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 2016 Cash Receipts and Disbursements April 2016 May 2016 Receipts Property Tax Receipts $18,821,750 $14.620,391 Utility Tax Receipts (UUT) 1,560,826 1,396.428 Sales Tax Receipts 2,284,200 3,045,700 1/2 Cent Safety Sales Tax Receipts 156,542 145.367 Highway Users Tax Receipts (HUT) - 354,293 Transient Occupancy Tax Receipts (TOT) 817,849 769.007 Government Funds 122,473 581,773 Capital Funds 104.925 209,782 Debt Service Funds - - Enterprise Funds 4,358,057 4,876,295 Fiduciary Funds 1,900,766 2,332.985 Internal Service Funds 811.313 497,225 Special Revenue Funds 310,400 2,586,581 All Other Receipts 4,899,363 3,212,847 Total Receipts $36,148,464 $34,628,676 Disbursements Total Disbursements (23,165,024) (23,594,210) Net Change in Cash Flow $12,983,440 $11,034,466 Summary of Cash by Fund April 2016 May 2016 General Fund $80,722.884 $88,222,148 Government Funds 2,187,272 2,651,176 Capital Funds 19,691,229 18,624,354 Debt Service Funds 10,262 10,262 Enterprise Funds 76,461,580 77,538,697 Fiduciary Funds 14,090,216 15,269,252 Internal Service Funds 11,103,801 11,365,466 Special Revenue Funds 28,612,497 29,725,422 General Ledger Cash Balances $232,879,741 $243,406,776 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. �WAONGt- �F yeenronrge d City of Huntington Beach .i City of HB 2000 Main St. Huntington Beach, _ =: = Portfolio Management ncF�UUNrrcP`�F� Portfolio Summary June 30, 2016 Investments Value ar Myalue Value Portfoliot Book %Of Daysrty qTM q TM Tenn Maturity 360E Equiv. 365E TM Fedeml Agency Issues-Coupon 140,905,000.00 141,090,846.65 140,943,219.65 59.98 1.355 1,183 1,338 1.357 Local Agency Investment Funds 56,415,592.23 56,415,592.23 56,415,592.23 24.01 1 1 0,568 0.576 Corporate Bonds 37,500,000.00 37,794,005.00 37,632,032.89 16.01 1,202 601 1.353 1.371 234,820,592.23 235,300,443.88 234,990,844.77 100.00% 1,006 806 1.156 1.172 Investments Cash and Accrued Interest Accrued Interest at Purchase 6,544A4 6,544.44 Subtotal 6,544.44 6,544.44 Total Cash and Investments 234,820,59223 235,306,988.32 234,997,389.21 1,006 806 1.156 1.172 Total Earnings June 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 207,367.19 1,693,867.94 Current Budget 110,000.00 990,000.00 1,320,000.00 Last Year Actual 180,127.33 1,443,847.91 1,853,856.91 Average Daily Balance 228,822,479.77 200,990,141.26 Effective Rate of Return 1.10% 1.12% 1 certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 2,2015.A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient rash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Interactive Data Corporation. lb Alisa Cutchen,CITY TREASURER Reporting period 0 610112 01 6.0 6130/2 01 6 Portfolio CITY AP Run Date:0 7/1412016-0 6:35 PM(PRF_PM1)7.3.0 Rattan Vor.7.&& City of HB Portfolio Management Pagel Portfolio Details - Investments June 30, 2016 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 D4/232015 5,000,000.00 5,000,050.00 5.000,000.00 1.090 AA 1.090 661 04/2312018 3133EGEV3 4140 Federal Farm Credit Bank 06/152016 5,000,000.00 6,021,050,00 5.000,000.00 1.620 1.620 1,609 06/14/2021 313OA3TA2 4038 Federal Home Loan Bank 12/302014 5,D00,000.00 5.025.300.00 4,999,444.23 1.000 AA 1.010 410 08/15/2017 31337SA43 4048 Federal Home Loan Bank 021202015 5,D00,D00.00 5,058,300.00 5,022,766.42 1.375 AA 1.100 616 03/092018 3130A7WK7 4136 Federal Home Loan Bank 06/242016 5,000,000-00 5,016,960.00 5,000,000.00 1.250 1,250 1.057 05/242019 3130ASDC4 4138 Federal Home Loan Bank 06/302016 2,260.000.00 2,246,985.00 2,250,000.00 1.600 1.600 1.643 12/302020 3137EADS5 4078 Federal Home Loan Mort Corp 09/172015 6.000,000.00 5,006,350.00 5,004,990.31 0.875 0.525 105 101142016 3134G71.90 4115 Federal Home Loan Mort Corp 10292015 2,000,000.00 2,000.640.00 2.000,000.00 1.250 2.236 1,581 10/292020 3134G71-187 4116 Federal Home Loan Mort Corp 1022/2015 4.000,000.00 4,000,800.DO 4.000,000.00 1.250 2.189 1,574 101222020 3134G7U25 4117 Federal Hare Loan Mort Corp 10/27/2015 6,000,000.00 5,000,550.00 5,000,000.00 0.800 0.800 483 101272017 3134G7X71 4118 Federal Home Loan Mort Corp 10MI2015 2,000,000.00 1,997,620.DO 2,13D0,00MOO 1.000 1.627 1,032 04292019 3134G7P96 4119 Federal Home Loan Mort Corp 102912015 3,000,000.00 3,000,900.00 3.000,000.00 1.000 1.527 1,032 04292019 3134G7302 4120 Federal Home Loan Mort Corp 1027/2015 5,000,000.00 5.000,300.00 5,OD0,000.00 1.000 AAA 0.991 756 0727/2018 3134G9RN9 4139 Federal Home Loan Mort Corp 0623/2016 5,000,000.00 5,004,500.00 5,000,000.00 1.250 1.919 1,453 0623/2020 3134G9UY1 4142 Federal Home Loan Mort Corp 0629/2016 5,000,000.00 5,005,750.00 5,000,000.00 1.000 1.000 728 06/29/2018 3134G9ZF7 4145 Federal Home Loan Mort Corp OWO/2016 5,000,000.00 5.002.150.00 5,000,000.00 1.700 1.700 1,825 06/30/2021 3134G9F93 4148 Federal Home Loan Mort Corp 06/302016 5,000,000,00 4,998,350.00 51000,000.00 1.000 AAA 0.998 1,092 0628/2019 3134G9E78 4149 Federal Home Loan Mort Corp OWO2016 5,000,000.00 4,993,200.00 5,000,000.00 1.280 AAA 1.280 1,562 09/3012020 3134G9C54 4150 Federal Home Loan Mort Corp 06/302016 4,655,000.00 4,647,691.65 4,655,000.00 1.500 1.500 1.825 06/3012021 3134G9G35 4151 Federal Home Loan Mort Corp 06/302016 5,000,000.00 4,998,350.00 5,DO0,000.00 1.000 AAA 1.592 1,825 06/30/2021 3135GORK1 3945 Fed.Narl Mort Assoc. 11/072012 5.000,000.00 5,001,400.00 5,D00,000.00 0.900 AA 0.900 494 11/0712017 3136G2R58 4122 Fed.Narl Mort.Assoc. 101292015 5,000,000.00 5,005,750,00 5,000,000.00 1.040 1.040 847 1028/2018 3136GQZLO 4132 Fed.Narl Mort.Assoc. 031092016 5,000,000.00 5,022,900.00 5,012,259-DO 1.000 AA 0.800 453 0927/2017 3136G2V76 4133 Fed.Narl Mort.Assoc. 03111=16 5,000,000.00 5,002,760.00 5.000,000.00 1.820 1.820 1.691 02/162021 3136G3FY6 4134 Fed.Narl Mort Assoc. 031302016 5,000.000.00 5,005.050.00 5,000.000.00 1.250 2.042 1,733 03/302021 3136G3KM6 4135 Fed.Natl Mort.Assoc. 05/172016 5,D00,000.00 5.005,460.00 5,000,000.00 1.100 AAA 1.912 1.781 05/17/2021 3135GOKSS 4137 Fed.Natl Mort.Assoc. 06/132016 5,D00,000.00 6,012,550.00 5,000,000.00 1.400 1.400 1,077 06/13/2019 3136G3SI5 4141 Fed.Narl Mort.Assoc. 05/302016 5,000,000.00 51000.600.00 4,998,750.69 1.500 1.505 1.825 06/302021 3136G3SN6 4143 Fed.Narl MorL Assoc. 06/232016 3,000,DOO.DO 3,000,210.00 3,000,000.00 1.500 1.500 1.636 12/232020 3135GOK93 4144 Fed.Narl Mort.Assoc. 06/28/2016 6,000,000.00 5.D03.750.00 5,000,000.00 1.250 1.250 1,092 06/282019 3136G3UTO 4146 Fed,Narl Mort Assoc. 06/30/2016 5,000.000.00 5,004,650.00 5,000,000.00 1.500 1.500 1,643 121302020 Subtotal and Average 139,604,551.70 140,905,000.00 141,090,846.65 140,943,219.65 1.367 1,183 Local Agency Investment Funds SYS982 982 Laif City 56,415,592.23 56,415,592.23 56.415,592.23 0.576 0.576 1 Portfolio CITY AP Run Date:07114=16-O&M PM(PRF_PM2)7.3.0 Report Ver.7.3.3b City of HB Portfolio Management Page Portfolio Details - Investments June 30, 2016 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Subtotal and Average 61,582,258.90 56,415,592.23 66,415,592.23 56,415,592.23 0.576 1 Corporate Bonds 037833AJ9 3976 Apple Inc. 05/28/2013 3.000.000.00 3.007,380.00 2,991,944.11 1.000 AA 1.161 671 05/032018 14912151`2 4024 Caterpillar Financial Corp. 12/10/2014 3.000,000.00 3,009,180.D0 2,987,596.90 1.300 A 1.555 608 03/012018 166764AA8 4044 Chevron Corp 02/D9/2015 3,000,000.00 3,0D4,950.00 3.004.249.61 1.1D4 AA 1.003 522 12/052017 268848AP7 4077 EMC Corp 07/1412015 2,500,000.00 2.450.175.00 2,511,411.28 1.875 AA 1.630 700 D61012018 36962GSM 3994 General Electric Capital Corp 12282013 5,000,000.00 5,049,900.00 5,040,468.94 2.300 AAA 1.291 300 04272017 36962G6K5 4007 General Electric Capital Corp 05/1212014 2,500,000.00 2.522,300.00 2,508,765.95 1.600 AA 1.340 507 11/202017 36962G6W9 4036 General Electric Capital Corp 12/19/2014 2,000,000.00 2,028,380.00 2.006.248.13 1.625 AA 1.442 640 04/022018 24422ESR1 4126 John Deere Capital 12(0812015 1,000,000.00 1,009,440.00 1,002,861.48 1.550 1.350 532 12/15/2017 24422ESR1 4127 John Deere Capital 12/08/2015 2,000,000.00 2,018,880.00 2,006,083.30 1.550 1.337 532 12/15/2017 191216BA7 4049 Coca Cola Co 0224/2015 2,500,000.00 2,517,350.00 2,495,389.21 1.150 AA 1.258 639 04/01/2018 5B033YAC9 4045 Merck B Co Inc 02/092015 2,000,000.00 2,008,040.00 2,001.232.57 1.100 AA 1.089 579 01/3112018 68389XAO8 4071 Oracle Corp 05262015 3,000,000,00 3,088,710.00 3.047.382.77 2.375 AA 1.731 928 01/15/2019 89233P7E0 4023 Toyota Motor Credit 12/10/2014 3,000,000.00 3,021,030.00 2,994,806.76 1.375 AA 1.491 558 01/1012018 89236TAY1 4039 Toyota Motor Credit 01/262015 3,000,000.00 3,058,290.00 3.033.591.90 2.000 AA 1.500 845 102412018 Subtotal and Average 37.635,669.18 37,500,000.00 37,794,005.00 37,632,032.89 1.371 601 Total and Average 229,822,479.77 234,820,592.23 235,3D0,443.88 234,990,844.77 1.172 906 Portfolio CITY AP Run Date:07114/2016-08:35 PM(PRF PM2)7.3.0 City of HB Portfolio Management Page Portfolio Details -Cash June 30, 2016 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 6.544.44 6.544.44 0 Subtotal 6,544.44 6,544.44 Total Cash and Investments 228,822,479.77 234,820,592.23 235,306,988.32 234,997,389.21 1.172 806 Portfolio CITY AP Run Date:071142016-09:35 PM(PRF_PM )T&O City of HB Portfolio Management Page 1 Activity By Type June 1, 2016 through June 30, 2016 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133EGEV3 4140 Federal Farm Credit Bank 1.620 06/152016 5,000,000,00 0.00 3130AWD8 4074 Federal Home Loan Bank 2.000 06/24/2018 0.00 5,000,000.00 3130A61.170 4125 Federal Home Loan Bank 1.450 06/26/2016 0.00 5,000,000.00 313OA6U70 4128 Federal Home Loan Bank 1.450 0628/2016 0.00 5,000,000.00 3130A6X69 4130 Federal Home Loan Bank 1.500 06/28/2016 0.00 5,000,000.00 3130ASDC4 4138 Federal Home Loan Bank 1.600 06/30/2016 2,250,000.00 0.00 3134G7ZA2 4079 Federal Home Loan Mort Corp 1.000 06/30/2016 0.00 5,000,000.00 3134G7J69 4090 Federal Home Loan Mort Corp 1.375 06/30/2016 0.00 5,000,000.00 3134G7J44 4091 Federal Home Loan Mort Corp 1.800 06/30/2016 0.00 6,000,000-00 3134G7G70 4092 Fetleral Home Loan Mort Corp 1.400 0628/2016 0.D0 5.000,000.D0 3134G8CA5 4123 Federal Home Loan Mort Corp 1.250 06M3/2016 0.00 5,000,D00.00 3134G8C72 4124 Federal Home Loan Mort Corp 1.125 06/18/2016 0.D0 6,000,D00.00 3134G8F38 4129 Federal Home Loan Mort Corp 1.100 0628/2018 0.00 5,000,000.00 3134GBN70 4131 Federal Home Loan Mort Corp 1.6DO 06/30/2016 0.00 6.000.000.00 3134GORN9 4139 Federal Home Loan Mort Corp 1.250 06232016 5,000,000.00 0.00 3134G9UY1 4142 Federal Home Loan Mort Corp 1.000 06/292016 5,000,000.00 0.00 3134G9ZF7 4145 Federal Home Loan Mort Corp 1.700 06/30/2016 5,000,000.00 0.00 3134G9F93 4148 Federal Home Loan Mort Corp 1.000 06/302016 5,000,000.00 0.00 3134G9E78 4149 Federal Home Loan Mort Corp 1.280 061302016 5,000,000.00 0.00 3134G9C54 4150 Federal Home Loan Mort Corp 1.500 06/3D2016 4,655,000.00 0.00 3134G9G35 4151 Federal Home Loan Mort Corp 1.D00 OW302016 5,000,000.00 0.00 3135GOK65 4137 Fed.Nat'l Mort.Assoc. 1.400 06/132016 5,000,000.00 0.00 3136G3SJ5 4141 Fed.Nat'l Mort Assoc. 1.600 06/302016 4,998,750.00 0.00 3136G3SN6 4143 Fed.Nat'l Mort Assoc. 1.600 0623=16 3,000,000.00 0.00 3135GOK93 4144 Fed.Net]Mort Assoc. 1.250 06282016 5,000,000.00 0.00 3136G3UTO 4146 Fed.Nat'l Mort Assoc. 1.500 06/30/2016 5,000,ODO.00 0.00 Subtotal 64,903,760.00 62,000,000.00 140,943,219.65 Local Agency Investment Funds (Monthly Summary) SYS982 982 Lail City 0.576 10,000,000.00 9.000.000.00 Subtotal 10,000,000.00 9,000,000.00 56,415,592.23 Corporate Bonds Subtotal 37,632,032.89 Total 74,903,750.00 71,000,000.00 234,990,844.77 Portfolio CITY AP Run Dsto;07/1412016-09:35 PM(PRF_PM3)7.3.0 Report Ver.7.3.3E City of HB Portfolio Management Page 1 Activity Summary June 2015 through June 2016 Yield to Maturity Managed Number Number Month Numberof Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Temt Days to Maturity June 2015 41 221,977,102.78 1.059 1.074 0.299 2 6 1,175 853 July 2015 44 220,974,892.46 1.144 1.160 0.320 3 0 1,253 908 August 2015 43 207,414,248.06 1.210 1.227 0.330 0 1 1,327 948 September 2015 40 192,954,371.29 1.159 1.175 0.337 5 8 1,172 894 October 2015 41 186,003,670.17 1.207 1.223 0.337 7 6 1,184 944 November 2015 39 181,304,552.62 1.200 1.217 0.374 1 3 1,174 933 December 2015 46 186,878,180.67 1.238 1.255 0.400 8 1 1,147 925 January 2016 46 207,140,111.69 1.243 1.261 0.446 0 0 1,147 898 February 2016 43 204,413,571.12 1.217 1.234 0.467 0 3 1,102 832 March 2016 47 201,877,568.13 1.232 1.249 0.506 4 0 1,140 869 April 2016 45 204,141,812.62 1.280 1.298 0.525 0 2 1,181 893 May 2016 44 208,914,656.20 1.168 1.184 0.552 2 3 976 736 June 2016 46 228,822,479.77 1.156 1.172 0.576 14 12 1,006 806 Average 43 204,038,652.23 1.193% 1.210% 0.421 4 3 1,153 880 Portfolio CITY AP Run Dato:07/1412016-06:35 PM(PRF_PM4)7.3.0 Report Ver.7.3.3b City of HB Portfolio Management Pagel Interest Earnings Summary June 30, 2016 June 30 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 402,435.00 1,721,131.10 Plus Accrued Interest at End of Period 436,201.94 436,201.94 Less Accrued Interest at Beginning of Period ( 644,806.61) ( 473,232.05) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 193,830.33 1,684,100.99 Adjusted by Premiums and Discounts -10,883.45 -113,430.70 Adjusted by Capital Gains or Losses 0.00 22,130.97 Earnings during Periods 182,946.88 1,592,801.26 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 78,098.98 Plus Accrued Interest at End of Period 50,048.50 50,048.50 Less Accrued Interest at Beginning of Period ( 25,628.19) ( 27.080.80) Interest Earned during Period 24.420.31 101,066.68 Total Interest Earned during Period 218,250.64 1,785,167.67 Total Adjustments from Premiums and Discounts -10,883.45 -113,430.70 Total Capital Gains or Losses 0.00 2.2,130.97 Total Earnings during Period 207,367.19 1,693,867.94 Portfolio CITY AP R,n Dale:07114=16-06:35 PM(PRF_PM6)7.3.0 Report Ver.7.3.31, wo#0\N4EST,yTFy�� State of California 0 Pooled Money Investment Account Market Valuation 6/30/2016 Carrying Cost Plus Description Accrued Interest Purch. Amortized Cost Fair Value A 1* United States Treasury: Bills $ 12,202,776,744.48 $ 12,223,991,747.38 $ 12,233,011,000.00 Notes $ 21,650,061,435.88 $ 21,643,492,715.88 $ 21,679,913,000.00 $ 1* Federal Agency: SBA $ 711,503,679.54 $ 711,488,193.35 $ 705,336,310.09 $ MBS-REMICs $ 59,658,122.97 $ 59,658,122.97 $ 63,529,777.27 $ Debentures $ 1,105,155,621.62 $ 1,105,073,677.18 $ 1,106,209,600.00 $ Debentures FIR $ - $ - $ - $ Discount Notes $ 8,126,877,847.14 $ 8,133,238,361.10 $ 8,135,019,000.00 GNMA $ - $ - $ - $ 1* Su ranational Debenture $ 599,982,831.85 $ 599,982,831.85 $ 601,736,500.00 $ 2* CDs and YCDs FIR $ 400,000,000.00 $ 400,000,000.00 $ 400,000,000.00 $ 2* Bank Notes $ 800,000,000.00 $ 800,000,000.00 $ 799,735,907.64 $ 2* CDs and YCDs $ 16,175,007,758.81 $ 16,175,001,869.92 $ 16,174,127,406.71 $ 2* Commercial Paper $ 7,486,127,569.47 $ 7,492,070,527.88 $ 7,492,217,111.12 1* Corporate: Bonds FIR $ - $ - $ - $ Bonds $ - $ - $ - $ 1* Repurchase Agreements $ - $ - $ - $ 1* Reverse Repurchase $ - $ - $ - $ Time Deposits $ 5,549,440,000.00 $ 5,549,440,000.00 $ 5,549,440,000.00 AB 55 & GF Loans $ 502,313,000.00 $ 602,313,000.00 $ 502,313.00*83 $ TOTAL $ 75,368,904,611.76 $ 75,395,751,047.51 $ 75,442,588,51 Fair Value Including Accrued Interest $ 75,497,087,666.86 *Governmental Accounting Standards Board (GASB) Statement#72 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 June 2016 Cash Receipts and Disbursements May 2016 June 2016 Receipts Property Tax Receipts $14,620,391 $531,285 Utility Tax Receipts (UUT) 1,396,428 1,487,212 Sales Tax Receipts 3,045,700 3,104,902 112 Cent Safety Sales Tax Receipts 145,367 205,992 Highway Users Tax Receipts (HUT) 354,293 369,140 Transient Occupancy Tax Receipts (TOT) 769,007 789,230 Government Funds 581,773 48,213 Capital Funds 209,782 5.148,579 Debt Service Funds - - Enterprise Funds 4,876,295 7,783,136 Fiduciary Funds 2,332,985 7,324,037 Internal Service Funds 497,225 501,129 Special Revenue Funds 2,586,581 1,636,924 All Other Receipts 3,212,847 4,994,520 Total Receipts $34,628,676 $33,924,300 Disbursements Total Disbursements (23,594,210) (25,817,612) Net Change in Cash Flow $11,034,466 $8,106,688 Summary of Cash by Fund May 2016 June 2016 General Fund $88,222,148 $87,640,413 Government Funds 2,651,176 2,007,482 Capital Funds 18,624,354 21,818.105 Debt Service Funds 10,262 10,262 Enterprise Funds 77,538,697 79,569,658 Fiduciary Funds 15,269.252 17,772,569 Internal Service Funds 11,365,466 11,094,020 Special Revenue Funds 29,725,422 30,164,026 General Ledger Cash Balances $243,406,776 $250,076,534 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. City of Huntington Beach City Treasurer ' s Report I��h1iNGIp2 Quarter ending: June 9, V S OQ 2cF�UUNTY Cp`�t • Economic and Market Overview April - June 2016 Federal Reserve maintains interest rates 2-year Treasury I from 0.77% to 0.58% June. Unemployment Rate: 4.90% DOW/ S &P 1 2-3% from Dec. 2015 Portfolio Overview 06f 30f 16 *:* Market Value. $235 . 3 million ® * Book Value. $235 .0 million ®� 365 -Day Yield. 1 . 17% Portfolio Composition 06f30f 16 Investments By Type: Corporate Bonds Federal 16% Agencies 60% LAIF 24% Book Value by Month 06f 30f 16 Historical Book Value: $ in millions $250 $235 .OMM $200 $150 $100 $50 $0 t t O'0�e. '4���O�G���0��4a'�'� oh`'�q��`' o�y�o�y���oo����fe��'�°�c� ti ti ti Current Agency Hold i nos 06f 30f 16 Federal Agency Holdings: • Federal Home Loan Bank • Federal National Mortgage Association (Fannie Mae • Federal Farm Credit Bank • Federal Home Loan Mortgage Corp. (Freddie Mac Agency Structure 06f 30f 16 v* Federal Agency Structures : (As a % of Total Portfolio / Book Value) Bullet 11 % Callable 36% Step Lip 13% Corporate Hold i nos 06f 30f 16 *:* Select Corporate Bond Issuers : 41Apple Inc. Caterpillar Financial Corp. 0 GE Capital Corp. Coca Cola Co. * Merck & Co Inc. Oracle Corp. Portfolio Earnings Quarter ending 06 / 30 / 16: Total Earnings: Month End 6/30/16: FYTD 15/16: Current Year $207.4 $1,693.9 Current Budget $110.0 $990.0 Last Yea r Actua I $180.1 $1,443.9 Effective Rate of Return 1.10% 1.12% versus benchmark: 0.58% Conclusion ® � City Portfolio remains within compliance with all governmental regulations and the City's Investment Policy QUESTIONS? Dept. ID CT 16-003 Page 1 of 1 Meeting Date: 5/2/2016 Approved 7-0 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 5/2/2016 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 2016 Quarterly Investment Summary Report Statement of Issue: Receive and File the Quarterly Investment Report for March 2016, 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 2016, 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 2016 2. Treasurer's PowerPoint Presentation for March 2016 City of Huntington Beach Treasurer's Investment Report Quarter Ending: March 2016 Prepared by: Alisa Cutchen, CCMT, CPFIM - City Treasurer 11Page Economic and Market Overview: The Federal Open Market Committee (FOMC) met in March to discuss monetary policy strategies along with the current state of the economy. The Fed released an official statement explaining that "the Committee currently expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market indicators will continue to strengthen. However, global economic and financial developments continue to pose risks." The Committee decided to maintain the target range for the federal funds rate at to 'h percent at this time. Fixed Income Markets: The yield on the 10-year U.S. Treasury finished the quarter at 1.78%, down from 2.24% at the beginning of January. Yields on the 10-year Treasury have been decreasing slightly since the beginning of the year. The 2-year Treasury yield, which had a strong finish in the previous quarter, also decreased slightly, finishing the first quarter at 0.73%. This decrease in yield over the first quarter of 2016 may be partially attributed to the general reflection of the continued uncertainty that remains around global growth prospects. Employment: Total nonfarm payrolls increased by 215,000 in March, with the largest gains in construction, health care, and retail. The unemployment rate finished the month at 5.0%, up slightly from 4.9% last month, due mainly to more Americans looking for work. The labor participation rate improved slightly at 63% as an influx of new workers and those seeking employment increased the participation rate to its highest level in two years. Over the past 3 months, job gains have averaged 209,000 per month according to the Bureau of Labor Statistics. At a glance: the March jobs report Unemployment rate : By selected industies to thousands Recession 774 10°° Mining/loggin period -1.� Construction 8 37 M 9 anufacturin 6 ; Wholesale trade Retail trade �5.5 Transportation an ware ousing 47.7 108 109 110 Ill '12 '13 '14 '15 '16 .2.5■ Monthly jobs growth to thousands 600 Utilities 0 Recession 400 : Information �� period 'I II 200 I III I IIIIIII 1�IIIIIIIIIIIIIII�II�I�IIIIIII IIIIIIIIIII Financial activities o ; iiiiiiiiiiiiiiiiiiii15 N�IIII IIIIIII' I'" o Professional and business services3 11 -400 : Education and health services I .600 ; 57 11 , Leisure and hospitality -800 : 40 -1000 : Government 108 109 to Ill '12 '13 '14 '15 '16 -20 Source: Bureau of Labor Statistics 2 1 P a g e Portfolio Overview: As of March 31, 2016: %of YTM Investment Tvpe Market Value Book Value Portfolio 365_day Policy Limit Federal Agency Issues 148,213,210 148,074,673 69% 1.39% None Local Agency Investment Fund (LAIF) 25,386,289 25,386,289 12% 0.51% $50 million Corporate Bonds 40,803,245 40,672,273 19% 1.35% 30% Total Portfolio $214,402,744 $214,133,235 100% 1.28% As of March 31, 2016 the market value of the City's investment portfolio was $214.4 million, with a book value of $214.1 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 March 31, 2016: Corporate Bonds 19% Federal Agency Issues 69% LAIF 12% 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 3 1 P a g e Credit). Corporate bonds are obligations of corporations. All corporate bonds 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 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). 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. Portfolio Earnings and Performance: Monthly Earnings History April 2015-March 2016 $250,000.00 $200,000.00 $150,000.00 $100,000.00 $50,000.00 $0.00 �aA ,J,e Jlecair L��y yOyy �oyy voyy o1yP yypQ yy0 y o° y�¢� Oyb12 ,O�e ph�� .y voy ,yp ryoy voy 4 1 P a g e Fiscal YTD Month Ending 03/31/16 2015116 Total Earnings: Current Year $ 188,760 $ 1,072,011 Current Budget $ 110,000 $ 660,000 Last Year Actual $ 175,525 $ 893,851 Effective Rate of Return 1.10% 1.10% Monthly investment earnings for March 31, 2016 were $188,760. The monthly effective rate of return was 1.10%, with a fiscal year-to-date effective rate of return of 1.10%. This compares favorably to the previous year's monthly earnings of $175,525 and monthly effective rate of return of 1.02% for the same time period in 2015. With the Federal Reserve having raised interest rates in December, bond yields rose slightly at year-end. Correspondingly, the portfolio experienced a slight uptick in the overall yield for the first quarter of 2016. Portfolio Activity: (For details of portfolio activity, please see the Sympro reports attached entitled "Activity Report') Monthly Activity: For the month ending March 31, 2016, $20 million in federal agencies were purchased. Quarterly Activity: For the quarter ending March 31, 2016, a total of $20 million in federal agency securities were purchased, and $13 million in federal agencies were called, sold or matured. A deposit of$23,895 was received in the LAIF account for interest earned from quarter ending December 31, 2015. Compliance: The portfolio is in conformity with all relevant State regulations and the City's Investment Policy statement as approved by the City Council on November 5, 2015. The investment program herein shown provides sufficient cash flow liquidity to meet the next six months' obligations. 5 1 P a g e Additional Information: Retirement Plan Information as of December 31, 2015: (Due to the delay in statement receipt information is from previous quarter.) City of Huntington Beach-Penslonrrrust Plans-Market Value Summary Deferred Compensation Plan Summary Information as ofDecember3l,2015 Beginning Contributions Distributions/ Earnings Other Fees/ Self Directed Ending Balance Transfers (change in Adjustments Option Balance Balance (10-1-15) value) (Nationwide (12-31-15) GainlLoss/ Only) Reporting is Quarterly Interest ICMA Retirement Corporation(467 Plan) $40.742.448 $573,478 ($310,592) $1.223,151 ($3,089) $42,225,396 Nationwide Retirement Solutions(467 Plan) $72,171,429 $757,894 ($557,634) $1,794,481 ($575) $1,072,489 $76,238,084 Total Deferred Compensation Plan Balances $112,913,877 $1,331,372 ($868,226) $3,017.632 ($3,664) $117,463.400 City of Huntington Beach Retiree Medical Trust Summary Information as of December 31,2015 Beginning Contributions Distributionsl Earnings Other Fees/ Ending Balance Transfers (changein Adjustments Balance Reporting is Quarterly (10-1-15) value) (12-31.16) CalPERS Retiree Medical Trust Account $19,391,987 $0 $89923 ($4200) $19,477,710 City of Huntington Beach Supplemental Pension Trust Summary Information(monthly reporting,not quarterly) as of December 31,2015 Beginning Employer Interest 8 Realized Change in Other Trust Ending Balance Contributions Dividends Gain)Loss Unrealized Fees! Balance Plus Net Gains l Losses Adjustments (12-31-15) (12-1-15) Accmed Reporting is Monthly Income US Bank Supplemental Pension Trust Account $44,864,641 $0 $33a,702 $1,283,144 ($2,218074) ($5,838) $44,262575 6 1 P a g e Bond Reserve Accounts - Balances as of March 31, 2016: Summary of Huntington Beach Bond Issue-- Reserve Accounts Reserve Account Investments As of March 31.2016 Value as of Federal Money Market Bondlssue: March31,2016 LAW Agencylssues Funds H.B.Pub5c Financing Autxdy tease Retndrg Bags 2010 Series A 1,242,706.12 1.242.706.12 H.B.Pubrx Financing Auhodfy(Captal Improvement RefnandrySertar Ceakr) Bonds 2011 Series A 3,717,503.59 3,717,503.59 Reieveopnent Agency of H.B.-19%Tax Arwa`.m Relndng Bonds(113 of 1992) 759,080.53 759,079.52 1.00 0.01 RedevelopnentAgency ofH.S.-2002 Tax Avoca'-cc RefuKvg Bonds(213 of1992) 1.682.386-01 645,166.99 1,016,560.00 20,659.02 H.B.Community FacAles Usskt No.1990.12001 Special Tax Bads(GdderxglESs) 172,698.14 172,298.00 400.14 H.B.ComwNy FwMe$DisWt No.200042013 Special Tax Bonds(Grand!CcasMysV 1.091.861.52 1,091,861.52 H.B.Ccmnu9y Fables Uslrbt No.2002-12002 Special Tax Bads(McDonnell Came Business Park) 454,023.23 454,023.23 H.B.Cannuroty Facges District No.200312013 SWIal Tax Bonds (HuttngM Cenkr-Bea Tens) 1,680,739.43 1,680,739.43 TOTALS: $ 10,800,999 $ 5,748,071 $ 1,016,661 $ 4,036,366 7 Page N�NTINGTD pF pcocroy a �'� City of Huntington Beach City of HB 2000 Main St. Portfolio Management Huntington Beach, Portfolio Summary January 31, 2016 Par Market Book % Daysto YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 141,000,000.00 141,151,990.00 141,067,149.72 68.10 1,336 1,109 1.363 1.382 Local Agency Investment Funds 25,386,288.51 25,386,288.51 25,386,288.51 12.26 1 1 0.440 0.446 Corporate Bonds 40,500,000.00 40,565,120.00 40.690,696,68 19.64 1.213 725 1.330 1.348 Investments 206,886,288.51 207,103,398.51 207,144,134.91 100.00% 1,147 898 1.243 1.261 Total Earnings January 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 193,414.74 692,987.54 Current Budget 110,000.00 440,000.00 1,320,000.00 Last Year Actual 148,251.90 562,102.39 1,645,876.19 Average Daily Balance 207,140,111.69 190,405,019.65 Effective Rate of Return 1.10% 1.08% I certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 2,2015.A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Interactive Data Corporafion. - Alisa Cutchen,CITY TREASURER Reporting period 01101/2 01 6-011311201 6 Portfolio CITY AP Run Date:W11Qe15-12:45 PM(PRFPMI)7.3.0 Report Vac 73.31e City of HB Portfolio Management Page 1 Portfolio Details - Investments January 31, 2016 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rat. S&P 366 Maturity Date Federal Agency Issues-Coupon 3133EEA42 4058 Federal Farm Credit Bank 04/23/2015 5,000.000.00 6.000.300.00 5.000,000.00 1,090 AA 1.090 812 04/23/2018 3133EETEO 4060 Federal Fenn Credit Bank 04/172015 6,000,000.00 5,014.150.00 5.027.272.20 1.125 AA 0.863 770 03/12/2018 313OA3TA2 4038 Federal Home Loan Bank 12/302014 5,000,000.00 5,022,000.00 4.999,237.88 1.000 AA 1.010 561 08/15/2017 313378A43 4048 Federal Home Loan Bank 02202015 5,000,000.00 5.047.260.00 6.028,381.89 1.375 AA 1.100 767 03/09/2018 3130A4VE9 4065 Federal Home Loan Bank D4272015 5.000,000.00 5,000.500.00 5,000,000.00 1.050 AA 1.050 816 04/27/2018 313OA5MD8 4074 Federal Home Loan Bank OM42015 5,000,000.00 5,009,800.00 5,000,000.00 1,000 AA 1.743 1,239 06/24/2019 3130ABU70 4125 Fedeml Home Loan Bank 122MO15 5.000,000.00 5,002.250.00 - 5,000,000.00 1.460 1.450 1,061 12/28/2018 3130ABU70 4128 Federal Home Loan Bank 1228/2015 5,000.000.00 5,002.250.00 6.000.000.00 1.460 1.450 1,061 12/28/2018 3130A6X69 4130 Federal Home Loan Bank 1228✓2015 5,000,000.00 5,006,750.00 5,000,000.00 1.500 1.500 1.061 12128/2018 3137EADSS 4078 Federal Home Loan Mort Corp 09/172015 5.000.000.00 5.008.350.00 5,012,257.75 0,875 0.525 256 10/14/2016 3134G7ZA2 4079 Federal Home Loan Mort Corp 09130=15 5.000,000.00 5,002.150.00 5,000,000.00 1,000 1.860 1,337 09/30/2019 3134G7J69 4090 Federal Home Loan Mort Corp 09/302015 5,000.000.00 5.000.500.00 5.000,000.00 1.375 1.375 1.703 09/30/2020 3134G7J44 4091 Federal Home Loan Mort Corp 09/302015 6.000.000.00 6,000,780.00 6.000,000.00 1.800 AAA 1.800 1,703 09/30/2020 3134G7G70 4092 Federal Home Loan Mort Corp 09282015 5,000,000.00 5,005,700.00 5,000,000.00 1.400 1.400 1,243 06/28/2019 3134G71-90 4115 Federal Home Loan Mort Corp 10292015 2.000.000.00 2.000.300.00 2.000,000.00 1.250 2.236 1,732 1012M020 3134G7H87 4116 Federal Home Loan Mort Corp 10222015 4,000,000.00 4,000,040.00 4.000,000.00 1.250 2.189 1.725 10/22/2020 3134G7U25 4117 Federal Home Loan Mort Corp 10272015 5,000000.00 4.996.300.00 5.000,000.00 0.800 0.800 634 1027/2017 3134G7X71 4118 Federal Home Loan Mon Corp 10292015 2,000 000.00 1.985,100.OD 2.000,000.00 1.000 1.527 1.183 04/29/2019 3134G7P96 4119 Federal Home Loan Mort Corp 10292015 3,000,000.00 3.000.090.00 3.000,000.00 1.000 1.527 1,183 04/29/2019 3134G73C2 4120 Federal Home Loan Mort Corp 10272015 5.000.000.00 5,000.500.00 5,000,000.00 1.000 AAA 0.991 907 07/272018 3134G74R9 4121 Federal Home Loan Mort Corp 11252015 5,000,000.00 6,000,300,00 5,000,000.00 1.800 1.800 1.759 1126/2020 3134GBCA5 4123 Federal Home Loan Mart Corp 12232015 5,000.000.00 5,008.450.00 5,000,000.00 1.250 AA 2.276 1.787 12/232020 3134G8C72 4124 Federal Home Loan Mort Corp 121182015 6,000.000.00 6,003,180.00 6.000,000.00 1.125 1.125 686 12/18/2017 3134GBF38 4129 Federal Home Loan Mort Corp 12/282015 5,000,000.00 5,006,950.00 5;000,000.00 1.100 AAA 1.569 1.061 12/282018 3135GORK1 3945 Fed.Nan Mon.Assoc. 11/072012 5.000,000.00 5,000.300.00 5.000,000.00 0.900 AA 0.900 645 11/07/2017 313SGlEPO 3964 Fed.Nan Mort Assoc. 03/122013 5,000,000.00 5.021.250.00 5,000,000.00 1.100 AA 1.100 770 03/12/2018 3136G2D95 4042 Fed.Nan Mort Assoc. 02/192015 5,000.000.00 6.002,300.00 5.000,000.00 1.000 AA 2.081 1,479 0211MO20 3136G2EE3 4D43 Fed.Nan Mort Assoc. 02272015 5,000,000.00 5,001.150.00 5,000,000.00 1.125 AA 1.125 1,487 0227/2020 3136G2K30 4065 Fed.Nan Mort.Assoc. 05272015 3.000.000.00 3.001,350.00 3,000,000.00 2.000 AA 2.000 1.577 0527/2020 3136G2R58 4122 Fed.Nan Mom Assoc. 10292015 5,000000.00 5,001.700.00 5,000.000.00 1,040 1.040 998 10/26/2018 Subtotal and Average 141,068,838.57 141,000,000.00 141.151,090.00 141,067.149.72 1.392 1.109 Local Agency Investment Funds SYS982 982 Laif City 25,386.288.51 25.386,288.51 25,386.288.51 0."6 0,446 1 Subtotal and Average 25,376,267.71 25,386,288.51 25,386,288.51 25,386,288.51 0.446 1 Portfolio CITY AP Run Data:0411 V2016-1245 PM(PRF PM2)7.3.0 Report Vat.7.3.3E City of HB Portfolio Management Page 2 Portfolio Details - Investments January 31, 2016 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Data Corporate Bonds 037833AJO 3976 Apple Inc. 05/28/2013 3,000,000.00 2,985060.00 2,990.118.76 1.000 AA 1.151 822 05/03/2018 14912LSP2 4024 Caterpillar Financial Corp. 12/10/2014 3,000,000.00 2,991,180.00 2,984,496.12 1.300 A 1.555 759 03101/2018 166764AAS 4044 Chevron Corp 02/09/2015 3,000,000.00 2.977 770.00 3,005.489.76 1.104 AA 1.003 673 12/05/2017 268648AP7 4077 EMC Corp 07/14/2015 2,500,000-00 2.390.700.00 2,513,892.00 1.875 AA 1.630 851 06/01/2018 36962GSM 3994 General Electric Capital Corp 12/26/2013 5,000.000.00 5.073 600.00 5.060.976.86 2.300 AAA 1.291 451 D4/27/2017 36962G6K5 4007 General Electric Capital Corp 05/12/2014 2,500,000.00 2,514,725.00 2,511,401.01 1.600 AA 1.340 658 11/20/2017 36962GGW9 4036 General Electric Capital Corp 12/19/2014 2,000.000.00 2.017.480.00 2,007.733.42 1.625 AA 1.442 791 04/02/2018 24422ESR1 4126 John Deere Capital 12/08/2015 1,000,000.00 1.002,360.00 1,003,680.58 1.550 1.350 683 12/15/2017 24422ESR1 4127 John Deere Capital 12/082015 2,000.000.00 2.004,720.00 2,007.824.70 1.550 1.337 683 12/15/2017 191216BA7 4049 Coca Cola Co - 02/24/2015 2,500,000.00 2,500,975.00 2494.291.41 1.150 AA 1.258 790 04/01/2018 58933YAC9 4045 Merck B Co Inc 02f09/2015 2,000,000.00 2.003,380.00 2,001.557.50 1.100 AA 1.089 730 01/31/2018 68389XAO8 4071 Orade Corp 05/26/2015 3,000,000.00 3,071.160.00 3055.158.93 2.375 AA 1.731 1.079 01/152019 674599C69 3977 Occidental Petroleum 05/28/2013 3,000,000.00 2.995.140.00 3.021,046.94 1.750 A 1.D59 380 02/15/2017 8e233P7E0 4023 Toyota Motor Credit 12/10/2014 3,000,000.00 3,004,680.00 2,993.387.84 1.375 AA 1.491 709 01/10/2018 89236TAYI 4039 Toyota Motor Credit 0126/2015 3,000,000.00 3.032,190.00 3,039.640.86 2.000 AA 1,500 996 10/24/2018 Subtotal and Average 40,695,006.41 40,500,000.00 40,565,120-00 40.690.696.68 1.348 725 Total and Average 207,140,111.69 206,886,288.51 207,103,398.51 207,144,134.91 1.261 898 Portfolio CITY AP Run Date:04/11/2016-12:45 PM(PRF PM2)7.3.0 City of HB Portfolio Management Activity By Type Page 1 January 1, 2016 through January 31, 2016 Stated Transaction Purchases Rodemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon Subtotal 141,067,149.72 Local Agency Investment Funds (Monthly Summary) SYS982 982 Lai!City OA46 23,895.75 0.00 Subtotal 23,895.75 0.00 25,386,288.61 Corporate Bonds Subtotal 40,690,696.68 Total 23,895.75 0.00 207,144,134.91 Portfolio CITY AP Run Ooto'.NAlPO16-1245 PM(PRP_PM3)7 3 0 Report Ver 7 3.35 City of HB Portfolio Management Page Activity Summary January 2015 through January 2016 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity January 2015 36 186,653,300.48 1.049 1.063 0.262 1 2 1,269 898 February 2015 42 193.794,027.30 1.155 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 46 202,037,046.95 1.209 1226 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 1.059 1.074 0.299 2 6 1,175 853 July 2015 44 220,974,892.46 1.144 1.160 0.320 3 0 1,253 908 August 2015 43 207,414,248.06 1.210 1.227 0.330 0 1 1,327 948 September 2016 40 192,954,371.29 1.159 1.175 0.337 5 8 1,172 894 October "2015 41 186,003,670.17 1.207 1.223 0.337 7 6 1.184 944 November 2015 39 181,304,552.62 1.200 1.217 0.374 1 3 1,174 933 December 2015 46 186,878.180.67 1.238 1.255 0.400 8 1 1,147 925 January 2016 46 207,140,111.69 1.243 1.261 0.446 0 0 1,147 898 Average 42 200,727,581.93 1.1720% 1.188-A 0.326 3 3 1,250 940 Portfolio CITY AP Run Del.:04111201E-12:45 PM(PRF PM4)7.3.0 Repon Ver.T3.3b City of HB Portfolio Management Page 1 Interest Earnings Summary January 31, 2016 January 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 56,250.00 607,931.18 Plus Accrued Interest at End of Period 573,989.52 573.989.52 Less Accrued Interest at Beginning of Period ( 433,614.92) ( 473,232.05) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 196,624.60 708,688.85 Adjusted by Premiums and Discounts -12,822.25 -51,397.40 Adjusted by Capital Gains or Losses 0.00 2,188.15 Eamings during Periods 183,802.35 659.479.40 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 Pedods 0.00 0.00 Cash/Checking Accounts: Interest Collected 23,895.75 48,795.26 Plus Accrued Interest at End of Period 11,793.68 11,793.68 Less Accrued Interest at Beginning of Period ( 25,077.04) ( 27.080.80) Interest Earned during Period 9,612.39 33,508.14 Total Interest Earned during Period 206,236.99 742J96.79 Total Adjustments from Premiums and Discounts -12,822.25 -51,397.40 Total Capital Gains or Losses 0.00 2,188.15 Total Earnings during Period 193,414.74 692,987.54 Portfolio CITY AP Rw Dete:0411 IM016.12.45 PM(PRE PM6)7.3.0 Repot Ver.7.3.M 4. go�'A%%YESJO State of California tiro Pooled Money Investment Account Market Valuation b Y Jlfn'llOUlOm� 1/31/2016 Carrying Cost Plus Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury: Bills $ 10,716,788,929.78 $ 10,732,715,000.00 NA Notes $ 22,948,989,365.93 $ 22,945,878,000.00 $ 31,724,504.50 Federal Agency: SBA $ 636,503,377.80 $ 628,758,334.05 $ 810,933.69 MBS-REMICs $ 71,854,429.15 $ 76,482,402.65 $ 340,348.96 Debentures $ 911,990,206.68 $ 911,454,450.00 $ 4,904,383.50 Debentures FIR $ - $ - $ Discount Notes $ 7,285,122,597.15 $ 7,293,939,000.00 NA GNMA $ - $ - $ - Su ranational Debentures $ 350,151,164.92 $ 350,836,500.00 $ 839,930.00 CDs and YCDs FIR $ 200,000,000.00 $ 200,000,000.00 $ 174,626.67 Bank Notes $ 300,000,000.00 $ 299,931,728.51 $ 334,833.33 CDs and YCDs $ 10,885,007,118.52 $ 10,883,476,258.97 $ 10,972,608.36 Commercial Paper $ 4,429,128,966.72 $ 4,431,721,798.60 NA Corporate: Bonds FIR $ $ $ Bonds $ $ $ Repurchase Agreements $ $ $ Reverse Repurchase $ $ $ Time Deposits $ 5,650,040,000.00 $ 5,650,040,000.00 NA AB 55& GF Loans 924,304,000.00 $ 924,304,000.00 1 NA TOTAL 1 $ 65,309,880,156.65 1 $ 65,329,537,472.78 1 $ 50,102,169.01 Fair Value Including Accrued Interest $ 65,379,639,641.79 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 January 2016 Cash Receipts and Disbursements December 2015 January 2016 Receipts Property Tax Receipts $25,280,141 $13.927,619 Utility Tax Receipts (UUT) 1,640,186 1.657.135 Sales Tax Receipts 2,409,371 1,927,000 1/2 Cent Safety Sales Tax Receipts 204.542 182,817 Highway Users Tax Receipts (HUT) 688,518 - Transient Occupancy Tax Receipts (TOT) 554,162 531,057 Government Funds 82,139 183,953 Capital Funds 2,951,027 2,256 Debt Service Funds - - Enterprise Funds 5,062,936 4,449,839 Fiduciary Funds 2,977,023 4,984,952 Internal Service Funds 492,664 490,460 Special Revenue Funds 1,917,804 1,019,519 All Other Receipts 2,748,868 4,066,211 Total Receipts $47,009,382 $33,422,819 Disbursements Total Disbursements (28,059,158) (27,049,762) Net Change in Cash Flow $18,950,224 $6,373,057 Summary of Cash by Fund December 2015 January 2016 General Fund $74,409,430 $78,252,678 Government Funds 2,052.125 2,112,476 Capital Funds 19.247.799 18,062,592 Debt Service Funds 6,262 6,262 Enterprise Funds 75,055,620 73,227,400 Fiduciary Funds 9,116,668 12,654,294 Internal Service Funds 9,872,797 11,201,218 Special Revenue Funds 27,429,635 27,778,373 General Ledger Cash Balances $217,190,335 $223,295,291 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. TING TO pF yccrroyro y� City of Huntington Beach ^� ° = City of HB 2000 Main St. Huntington Beach, s r_ ' 2 Portfolio Management �yc1,,,01 CP`\�°e Portfolio Summary February 29, 2016 Par Market Bock %of Daysto YTM YTM Investments Value Value Value Portfolio Tenn Maturity 360 Equiv. 365 Equly. Federal Agency Issues-Coupon 128,000,000.00 128.140.680.00 128,063,539.09 65.97 1285 1.040 1.332 1.350 Local Agency Investment Funds 25,386,288.51 25,386,288.51 25,386,288.51 13.08 1 1 0.461 0.467 Corporate Bonds 40,500,000.00 40,523,650.00 40,681,485.03 20.96 1.213 696 1.330 1.348 Investments 193,886,288.51 194,150,618.51 194,131,312.63 100.00% 1,102 832 1.217 1.234 Total Earnings February 29 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 190,263.31 883,250.85 Current Budget 110,000.00 550,000.00 1,320,000.00 Last Year Actual 156,223.80 718.326.19 1,645,876.19 Average Daily Balance 204,413,571.12 193,077,703.81 Effective Rate of Return IA7% 1.10% I certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 2,2015.A copy of this policy is available atthe office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Interactive Data Corporation. t(I i(o Alisa Cutchen,CITY TREASURER Reporting period 0 210112 01 6-0 212 912 01 6 Portfolio CITY AP Run Date:01H12018-12.46 PM(PRF PM1)7.30 Repcn Ver.7.3.3E City of HB Portfolio Management Page 1 Portfolio Details - Investments February 29, 2016 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 04/23/2015 5,000.000.00 5,000,450.00 5.000,000.00 1.090 AA 1.090 783 04/23/2018 3133EETE0 4060 Federal Farm Credit Bank 04/17/2015 5,000,000.00 5,022,050.00 5,026,197.08 1.125 AA 0,863 741 03/12/2018 3130A3TA2 4038 Federal Home Loan Bank 12/30/2014 5,000.000.00 5.020.550.00 4.999,279.15 1.000 AA 1.010 532 08/1W2017 313378A43 4048 Federal Home Loan Bank 02/20/2015 5,000.000.00 5,046.650.00 5.027,258.60 1.375 AA 1.100 738 03/09/2018 313OA4VE9 4056 Federal Home Loan Bank 04/27/2015 5,000,000.00 5,000.300.00 5.000,000.00 1.050 AA 1.050 787 04/27/2018 3130A5MD8 4074 Federal Home Loan Bank 0=412015 5,000,000.00 5.008.950.00 5,000,000.00 1,000 AA 1.743 1.210 06/24/2019 3130A6U70 4125 Federal Home Loan Bank 12/28/2015 5.000,000.00 5,000,100.00 5,000,000.00 1.450 1.450 1.032 12/28/2018 313OA6U70 4128 Federal Home Loan Bank 12/28/2015 5,000,000.00 5,000,100.00 5.000,000.00 1,450 1,460 1,032 12/28/2018 3130ASX69 4130 Federal Home Loan Bank 12/28/2015 5,000,000.00 5,006,600.00 5,000,000.00 1.500 1.500 1.032 12/28/2018 3137EADS5 4078 Federal Home Loan Mort Corp 09/172015 5,000,000.00 5,006,050,00 5,010,8D4.26 0.875 0.525 227 10114/2016 3134G7ZA2 4079 Federal Home Loan Mort Corp 09/302015 5.000,000.00 5,001,450.00 5.000,000.00 1.000 1.860 1.308 09/30/2019 3134G7J69 4090 Federal Home Loan Mon Corp 09/302015 5.000,000.00 5.000.600.00 5.000,000.00 1,375 1.375 1.674 09/3012020 3134G7J44 4091 Federal Home Loan Mort Corp 09/302015 6,000.000.00 6,000.840.00 6,000,000.00 1.800 AAA 1.800 1,674 09/30/2020 3134G7G70 4092 Federal Home Loan Mort Corp 09282015 SOK000.00 6,003,000.00 5.000,000.00 1.400 1.400 1,214 06/28/2019 3134G71-90 4115 Federal Home Loan Mort Corp 10292015 2,000,000.00 2.000,480.00 2,000,000.00 1,250 2.236 1.703 1012M020 3134G7HB7 4116 Federal Home Loan Mort Corp 10/222015 4,000,000.00 4,000,520.00 4.000,000.00 1250 2A89 1,696 10222020 3134G7U25 4117 Federal Home Loan Mort Corp 10272015 5.000,000.00 4,989.800.00 5.000,000.00 0.800 0.800 605 101272017 3134G7X71 4118 Federal Home Loan Mort Corp 10292015 2,000,000.00 1.988,420.00 2,000,000.00 1.000 1.527 1,154 0429/2019 3134G7P96 4119 Federal Home Loan Mort Corp 10292015 3.000,000.00 3,000.420.00 3,000,000,00 1.000 1.527 1.164 OQ292019 3134G73Q2 4120 Federal Home Loan Mort Corp 10272015 5,000,000.00 6,000.650.00 5,000,000.00 1.000 AAA 0.991 876 07272018 3134G74R9 4121 Federal Home Loan Mort Corp 11252015 5,000,000.00 5.002.000.00 5.000,000.00 1.800 1.800 1,730 11/26/2020 3134G8CA5 4123 Federal Home Loan Mort Corp 12232015 5,000,000.00 5,008.050.00 5.000,000.00 1,250 AA 2276 1.758 12232020 3134GBC72 4124 Federal Home Loan Mon Corp 12/182015 6,000,000.00 6,001,800.00 6,000,000.00 1,125 1125 657 121182017 3134GBF38 4129 Federal Home Loan Mort Corp 12282015 5,000,000.00 5.006.750.00 5.000.000.00 1.100 AAA 1.569 1.032 1228/2018 3135GORK1 3945 Fed.Nall Mort Assoc. 11/072012 5,000.000.00 4.996.050.00 5.000.000.00 0.900 AA 0.900 616 11/07/2017 3136GIEPO 3964 Fed.Natl Mort Assoc. 03/122013 5,000.000.00 5.024.200.00 5,000,000.00 1.100 AA 1.100 741 03/12/2018 3136132R58 4122 Fed,Nall Mon.Assoc. 10292015 5,000.000.00 5.003.950.00 5,000.000.00 1.040 1.040 969 10/26/2018 Subtotal and Average 138,341,202.33 128,000,000.00 128,140,680.00 128,063,S39.09 1.360 1,040 Local Agency Investment Funds SYS982 982 Laif City 25.386.288.51 25,386,288.51 25,386,288.51 0.467 0.467 1 Subtotal and Average 25,396,288.51 25,386,288.51 25,386,288.51 25,386,288.51 0.467 1 Corporate Bonds 037833AJS 3976 Apple Inc. 06/28/2013 3,000,000.00 2,992,110.00 2,990,483.83 1.000 AA 1.151 793 06/032018 14912L5P2 4024 Caterpillar Financial Corp. 12/10/2014 3.000.000.00 2.989,440.00 2,985,116.28 1.300 A 1.555 730 03/012018 Portfolio CITY AP Run Dela:04/112016-12:46 PM(PRF_PM217.3.0 Report Vac 7.3.3a City of HB Portfolio Management Page 2 Portfolio Details - Investments February 29, 2016 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 166764AA8 4D44 Chevron Corp 02/09/2015 3,000,000.00 2,976,030.00 3,005,241.73 1,104 AA 1.003 644 12/OS12017 268648AP7 4077 EMC Corp 07/14/2016 2,500,000.00 2,406,175.00 2,513,395.85 1.875 AA 1.630 822 06/01/2018 36962G5W0 3994 General Electric Capital Corp 12/26/2013 5,000,000.00 6,089,660.00 5,056,875.27 2.300 AAA 1.291 422 04/27/2017 36962G6K5 4007 General Electric Capital Corp 05/12/2014 2,500,000.00 2,516,650.00 2.510.873.99 1.600 AA 1.340 629 11/20/2017 36962G6W9 4036 General Electric Capital Corp 12/192014 2,000,000.00 2,018,940.00 2,007,436.36 1.625 AA 1.442 762 04/022018 24422ESR1 4126 John Deere Capital 12/08/2016 1,000,000.00 1,005,100.00 1,003,516.75 1.550 1.350 654 12/152017 24422ESR1 4127 John Deere Capital 12/08/2015 2,000,000.00 2,010,200.00 2,007,476.42 1.550 1.337 654 12/152017 191216BA7 4049 Coca Cola Co 02/24/2015 2,500,000.00 2,507,075.00 2,494,510.97 1.150 AA 1.258 761 04/012018 58933YA09 4045 Merck&Co Inc 02/09/2015 2,000,000.00 2,000,660.00 2,001,492.51 1.100 AA 1.089 701 01/312018 68389XA08 4071 Oracle Corp 05/M2016 3,000,000.00 3,082,710.00 3,053,603.70 2.375 AA 1.731 1,050 01/152019 674599CSS 3977 Occidental Petroleum 05/28/2013 3,000,000.00 2,991,180.00 3.019,358,68 1.750 A 1.059 351 02/162017 89233P7E0 4023 Toyota Motor Credit 12/102014 3.000.000.00 3,005,910.00 2,993,671.62 1.375 AA 1.491 680 01/102018 89236TAY1 4039 Toyota Motor Credit 01/26/2015 3,000,000.00 3,031,620.00 3.038.431.07 2.000 AA 1.500 967 10242018 Subtotal and Average 40.686.080.27 40,500,000.00 40,623,650.00 40,681,485.03 1.348 696 Total and Average 204,413,671.12 193,886,288.51 194,150,618.61 194,131,312.63 1.234 832 Portfolio CITY AP Run Dale:001=6-12:48 PM(PRF PM2)7.3.0 City of HB Portfolio Management Activity By Type Page 1 February 1, 2016 through February 29, 2016 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Oat& or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3136G2095 4042 Fed.NaVI Mort Assoc. 2.000 02/19/2016 0.00 5,000,000.00 3136G2EE3 4043 Fed.Nat?Mon Assoc. 1.126 02/27/2016 0.00 5,000,000.00 3136G2K30 4065 Fed.Natl Mort Assoc. 2.000 02/27/2016 0.00 3,000,000.00 Subtotal 0.00 13,000,000.00 128,063,539.09 Local Agency Investment Funds (Monthly Summary) Subtotal 26,386,288.61 Corporate Bonds Subtotal 40,681,485.03 Total 0.00 13,000,000.00 194,131,312.63 Portfolio CITY AP Run Ome:04111Q316-12:46 PM(PRF_PM3)7.3.0 Report Var.7.3.3E City of HB Portfolio Management Page 1 Activity Summary February 2015 through February 2016 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity February 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 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 1.059 1.074 0.299 2 6 1,175 853 July 2015 44 220,974,892.46 1.144 1.160 0.320 3 0 1,253 908 August 2015 43 207,414,248.06 1.210 1.227 0.330 0 1 1.327 948 September 2015 40 192,954,371.29 1.159 1.175 0.337 5 8 1.172 894 October 2015 41 186,003,670.17 1.207 1,223 0.337 7 6 1.184 944 November 2015 39 181,304,552.62 1.200 1.217 0.374 1 3 1.174 933 December 2015 46 186,878,180.67 1.238 1.255 0.400 8 1 1,147 925 January 2016 46 207.140,111.69 1.243 1.261 0.446 0 0 1.147 898 February 2016 43 204,413,571.12 1117 1.234 0467 0 3 1.102 832 Average 43 202,106,253.03 1.185% 1.201% 0.341 3 3 1,237 935 Portfolio CITY AP Run Dale:0411112 016-12:46 PM(PRF_PM4)7.3.0 Report Ver.7.3.3b City of HB Portfolio Management Page 1 Interest Earnings Summary February 29, 2016 February 29 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 142,875.00 750,806.18 Plus Accrued Interest at End of Period 624,780.75 624,780.75 Less Accrued Interest at Beginning of Period ( 573,989.52) ( 473,232.05) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 193,666.23 902,354.88 Adjusted by Premiums and Discounts -12,822.28 -64,219.68 Adjusted by Capital Gains or Losses 0.00 2,188.15 Earnings during Periods 180,843.95 840,323.35 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 Pedod ( 0.00) ( 0.00) Interest Earned during Period 0.00 (1.00 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 48,795.26 Plus Accrued Interest at End of Period 21.213.04 21,213.04 Less Accrued Interest at Beginning of Period ( 11,793.68) ( 27,080.80) Interest Earned during Period 9,419,36 42.927.50 Total Interest Earned during Period 203,085.59 945,282.38 Total Adjustments from Premiums and Discounts -12,822.28 -64,219.68 Total Capital Gains or Losses 0.00 2,188.15 Total Earnings during Period 190.263.31 883,250.85 Portfolio CITY AP Run We:W V1016-12:46 PM(PRF PM8)7.3.0 Repon Ver.7.3.3b �o��y\NVFSJ,HEyn State of California Pooled Money Investment Account a Market Valuation 2/29/2016 Carrying Cost Plus Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury: Bills $ 10,714,094,749.25 $ 10,730,346,000.00 NA Notes $ 19,398,447,329.22 $ 19,393,401,500.00 $ 20,675,247.50 Federal Agency: SBA $ 644,962,921.32 $ 637,281,179.01 $ 557,554.19 MBS-REMICs $ 70,047,886.84 $ 74,532,403.17 $ 331,881.34 Debentures $ 1,081,990,348.76 $ 1,080,448,500.00 $ 6,085,500.65 Debentures FIR $ - $ - $ Discount Notes $ 7,334,356,041.58 $ 7,344,267,500.00 NA GNMA $ - $ - $ Su ranational Debentures $ 350,151,164.92 $ 350,531,500.00 $ 1,053,473.00 CDs and YCDs FR $ 300,000,000.00 $ 300,000,000.00 $ 142,895.27 Bank Notes $ 300,000,000.00 $ 299,982,644.49 $ 430,694.44 CDs and YCDs $ 11,150,007,118.52 $ 11,149,066,370.81 $ 13,227,680.54 Commercial Paper $ 5,187,689,875.07 $ 5,190,776,402.79 NA Corporate: Bonds FIR $ $ $ Bonds $ $ $ Repurchase Agreements $ $ $ Reverse Repurchase $ $ $ Time Deposits $ 5,593,440. 00.00 $ 5,593,440,000.00 NA AB 55&GF Loans 2,095,967,000.00 $ 2,095,967,000.00 NA TOTAL $ 64,221,154,435.48 1 $ 64,240,041,000.27 1 $ 42,504,926.93 Fair Value Including Accrued Interest $ 64,282,545,927.20 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 February 2016 Cash Receipts and Disbursements January 2016 February 2016 Receipts Property.Tax Receipts $13,927,619 $969,332 Utility Tax Receipts (UUT) 1,657,135 1,713,107 Sales Tax Receipts 1,927,000 2,569,200 112 Cent Safety Sales Tax Receipts 182,817 160,708 Highway Users Tax Receipts (HUT) - 318,230 Transient Occupancy Tax Receipts (TOT) 531,057 599,423 Government Funds 183.953 140,394 Capital Funds 2,256 1,063,025 Debt Service Funds - - Enterprise Funds 4,449,839 4,417,795 Fiduciary Funds 4,984,952 1,315,216 Internal Service Funds 490,460 491,884 Special Revenue Funds 1,019,519 1,004,984 All Other Receipts 4,066,211 4,940,084 Total Receipts $33,422,819 $19,703,381 Disbursements Total Disbursements (27,049,762) (28,541,768) Net Change in Cash Flow $6,373,057 ($8,838,387) Summary of Cash by Fund January 2016 February 2016 General Fund $78,252,678 $73,840,930 Government Funds 2,112,476 2,117,236 Capital Funds 18,062,592 17,815,013 Debt Service Funds 6,262 - Enterprise Funds 73.227,400 75.368,546 Fiduciary Funds 12,654,294 13.828,715 Internal Service Funds 11,201,218 10,921,344 Special Revenue Funds 27,778,373 28,012,610 General Ledger Cash Balances $223,295,291 $221,904,394 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. �pp1TINGTp 0�( `poiroM,o �e City of Huntington Beach City of HB 2000 Main St- Portfolio Management Huntington Beach. ycF�GUNTT Op Portfolio Summary March 31, 2016 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues Coupon 148,000,000.00 148,213,210.00 148,074,673.26 69.15 1,314 1,074 1.370 1.389 Local Agency Investment Funds 25,386,288.61 25,386,288.51 25.386.288.51 11.86 1 1 0.499 0.506 Corporate Bonds 40,500,000.00 40,803,245.00 40,672,273.42 18.99 1.213 665 1.330 1.348 213,886,288-51 214,402,743.51 214,133,235.19 100.00% 1,140 869 1.259 1.276 Investments Cash and Accrued Interest Accrued Interest at Purchase 6.319.44 6,319.44 Subtotal 6.319.44 6,319.44 Total Cash and Investments 213,886,288.51 214,409,062.95 214,139,554.63 1,140 869 1.259 1.276 Total Earnings March 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 188,759.77 1,072,010.62 Current Budget 110,000.00 660,000.00 1,320,000.00 Last Year Actual 175,525.19 893,851.38 1,695,329.38 Average Daily Balance 201,877,668.13 194,568,391.21 Effective Rate of Return 1.10% 1.10% I certify that this report accurately reflects all City pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 2,2015.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 sb<month's obligations.,Market Values provided by Union Bank via Interactive Data Corporation. (�G 4 IQ uo Alisa C tc'hen,CITY TREASURER Reporting period 0 3101/2 01 6-0 313112 01 6 Portfolio CITY AP Run Dale:N1142016-1 7:02 PM(PRF_PM1)7.a0 Report Ver.7.3.3e City of HB Portfolio Management Page 1 Portfolio Details - Investments March 31, 2016 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Data Par Value Market Value Book Value Rate 58P 365 Maturity Date Federal Agency Issues-Coupon 3133EEA42 4058 Federal Farm Credit Bank 04/23/2015 5.000,000.00 5,000,050.00 5.000.000.00 1.090 AA 1.090 752 04/23/2018 3133EETEO 4060 Federal Farm Credit Bank 04/17/2015 5,000,000.00 5,031,850.00 5.025.121.96 1.125 AA 0.853 710 03/12/2018 3130A3TA2 4038 Federal Home Loan Bank 12/30/2014 5,000,000.00 5,020,800.00 4,999,320.42 1.000 AA 1.010 501 Oa/15/2017 313378A43 4048 Federal Home Loan Bank 02/20/2015 5.000,000.00 5.054.900.00 5,026,135.30 1.375 AA 1.100 707 03/09/2018 3130A4VE9 4055 Federal Home Loan Bank 04127/2015 5,000,000.00 5,000,350.00 5,000,000.00 1.050 AA 1.050 756 04/27/2018 3130A5MD8 4074 Federal Home Loan Bank 06/24/2015 5,000,000.00 6,007.450.00 5,000,000.00 1.000 AA 1.743 1,179 06/24/2019 3130A6U70 4125 - Federal Home Loan Bank 12/28/2015 5,000,000,00 6,000,950.00 5,000,000.00 1.450 1.450 1,001 12/28/2018 313DA6U70 4128 Federal Home Loan Bank 12/2812015 5,000,000.00 6,000,950.00 5,000,000.00 1.450 1.450 1.001 12/28/2018 313OA6X69 4130 Federal Home Loan Bank 12/28/2015 5,000,000.00 5,006,800.00 5.000.000.00 1.500 1.500 1.001 12/28/2018 3137EAD55 4078 Federal Home Loan Mort Corp 09/17/2015 5,000,000.00 5.012,100.00 5,009.350.78 0.875 0.525 196 10/14/2016 3134G7ZA2 4079 Federal Home Loan Mort Corp 09/30/2015 6.000.000.00 5,004,550.00 5.000.000.00 1.000 1.860 1.277 09/30/2019 3134G7J69 4090 Federal Home Loan Mort Corp 09/30/2015 5,000,000.00 5.002,000.00 5.000.000.00 1.375 1.375 1.643 09/302020 3134G7J44 4091 Federal Home Loan Mort Corp 09/30/2015 6,000,000.00 6.002,640.00 6,000,000,00 1.800 AAA 1.800 1.643 09/302020 3134G7G70 4092 Federal Home Loan Mort Corp 09/28/2015 5,000.000.00 5,010.900.00 5.000.000.00 1.400 1.400 1,183 06/28/2019 3134G71-90 4115 Federal Home Loan Mort Corp 1029/2015 2,000,000.00 2,000,260.00 2.000,000.00 1.250 2.236 1.672 10/29/2020 3134G7H87 4116 Federal Home Loan Mort Corp 10222015 4,000,000.00 4,000.240.00 4.000,000.00 1.250 2.189 1.665 10222020 3134G7U25 4117 Federal Home Loan Mort Corp 10272015 5.000.000.00 4,993,850.00 5.000,000.00 0.800 0.800 574 10/272017 3134G7X71 4118 Federal Home Loan Mort Corp 10292016 2,000.000.00 1.991.340.00 2,000,000.00 1.000 1.527 1,123 04292019 3134G7P96 4119 Federal Home Loan Mort Corp 10292016 3,000.000.00 3.000.360.00 3,000,000.00 1.000 1.527 1,123 04/292019 3134G7302 4120 Federal Home Loan Mon Corp 1027/2015 5.000,000.00 5.000.450.00 5,000,000.00 1.000 AAA 0.991 847 07/272018 3134G74R9 4121 Federal Home Loan Mort Corp 11252015 5,000.000.00 5,001,400.00 5,000.000.00 1.800 1 ADO 1.699 11252020 3134GBCA5 4123 Federal Home Loan Mort Corp 122=015 5.000,000.00 5.006.100.00 5,000,000.00 1.250 AA 2.276 1,727 12232020 3134GSC72 4124 Federal Home Loan Mon Corp 12/182015 6.000,000.00 6.004,620.00 6,000,000.00 1.125 1.125 826 12/182017 3134GBF38 4129 Federal Home Loan Mort Corp 120282015 5,000.000.00 5,005,900.00 5,000.000.00 1.100 AAA 1.569 1,001 12282018 3134GBN70 4131 Federal Home Loan Mort Corp 03/302016 5.000,000.00 5,001,650.00 5,000,000.00 1.600 1.875 1,824 03/30/2021 3135GORK1 3945 Fed.Nall Mort.Assoc. 11/07/2012 5.000,000.00 6.000,060.00 5,000,000A0 0.900 AA 0.900 585 11/072017 3136G1EP0 3964 Fed.Nell Mort Assoc. 03/12/2013 5,000.000.00 5;019,200.00 5,000.000.00 1.100 AA 1.100 710 03/122018 3136G2R58 4122 Fed,Nall MOM ASSOC. 10/29/2015 5.000.000.00 5,005,650.00 5.000.000.00 1.040 1.040 938 10262018 3135GOZLO 4132 Fed.Nall Mort.Assoc. 03/09/2016 5.000.000.00 5,018,850.00 5,014,744.80 1,000 AA 0.800 544 09WI2017 3136G2WL6 4133 Fed.Nat]Mort Assoc. 03/11/2016 6.000.000.00 5,003,850.00 5.000,000.00 1.820 1.820 1,782 02/16/2021 3136G3FY6 4134 Fed.Nat'l Mort Assoc. 03/30/2016 5,000,000.00 5,004,350.00 5.000,000.00 1.250 2.042 1.824 03/30/2021 Subtotal and Average 135,814,697A7 148,000,000.00 149,213,210.00 148,074,673.26 1.389 1,074 Local Agency Investment Funds SYS982 982 LaH City 25,386,288.51 25,386,288.51 25.386,288.51 0.506 0.506 1 Portfolio CITY AP Run Date:04/14=16-17:02 PM(PRF PM2)7.3.0 Report Var.7.3.30 City of HB Portfolio Management Paget Portfolio Details - Investments March 31, 2016 Average Purchase Stated YTM Dayste Maturtty CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Subtotal and Avenge 25,386,288.51 25,386,288.51 25,386,288.61 25,386,288.51 0.506 1 Corporate Bonds 037833AJ9 3976 Apple Inc. 05128/2013 3,000,000-00 3,006,180.00 2,990,848.90 1.000 AA 1.151 762 05/03/2018 149121 5P2 4024 Caterpillar Financial Corp. 12/10/2014 3,000.000.00 3.003,570.00 2,985.736.43 1.300 A 1.565 699 03/01/2018 166764AA8 4044 Chevron Corp 02JO912015 3,000,000.00 2.994,810.00 3,004,993.70 1.104 AA 1.003 613 12/OSY2017 268648AP7 4077 EMC Corp 07/14/2015 2,500,000.00 2,444,975.00 2,512,899.71 1.875 AA 1.630 791 06/01/2018 36962G5VW 3994 General Electric Capital Corp 12/26/2013 5.000,000,00 5,077,000.00 6,052.773.69 2.300 AAA 1.291 391 04/27/2017 36962GBK5 4007 General Electric Capital Corp 05/12/2014 2,500.000.00 2,624,150.00 2,510,346.98 1.600 AA 1.340 598 11/20/2017 36962G6W9 4036 General Electric Capital Corp 12/19/2014 2,000,000.00 2,024,600.00 2,007.139.30 1.625 AA 1.442 731 04/02/2018 24422ESR1 4126 John Deere Capital 12OB12015 1.000.000.00 1,006,640,00 1,003.352.93 1.550 1.350 623 12/15/2017 24422ESR1 4127 John Deere Capital 12/08/2015 2.000,000.00 2,013,280.00 2,007.128.14 1.560 1.337 623 12/1S/2017 191216BA7 4049 Coca Cola Cc 02124/2015 2.500.000.00 2,516,250.00 2.494.730.53 1.150 AA 1.258 730 04/01/2018 58933YACS 4045 Merck 8 Co Inc 02/09/2015 2.000,000.00 20005.760.00 2,001,427.53 1.100 AA 1.089 670 01/31/2018 68389XAOB 4071 Oracle Corp 06/26/2015 3.000.000.00 30109,920.00 3,052.048.46 2.375 AA 1.731 1.019 01115/2019 674599CB9 3977 Occidental Petroleum 05/28/2013 3.000.000.00 30006,030.00 3,017,670.43 1.750 A 1.059 320 02/15/2017 89233P7EO 4023 Toyota Motor Credit 12/10/2014 3.000,000.00 3,015.960.00 2.993,955.41 1.375 AA 1,491 649 01/10/2018 89236TAY1 4039 Toyota Motor Credit 01/26/2015 3.000,000.00 3,054,120.00 3,037,221.28 2.000 AA 1.500 936 10/24/2018 Subtotal and Average 40,676,582.16 40,600,000.00 40,803,246.00 40,672,273.42 1.348 666 Total and Average 201,877,568.13 213,886,288.51 214,402,743.51 214,133,235.19 1.276 869 Portfolio CITY AP Run Dote.04/142016-17:02 PM(PRF PM2)7.3.0 City of HB Portfolio Management Page Portfolio Details - Cash March 31, 2016 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 6.319.44 6,319.44 0 Subtotal 6.319.44 6.319.44 Total Cash and Investments 201,877,568.13 213,886,288.51 214,409,062.95 214,139,554.63 1.276 869 Portfolio CITY AP Run Dale:N114Q016-17:02 PM(PRF_PM2)7.3.0 City of HB Portfolio Management Activity By Type Page t March 1, 2016 through March 31, 2016 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3134GSN70 4131 Federal Home Loan Mort Corp 1.600 03/30/2016 5.000 000.00 0.00 3135GOZLO 4132 Fed.NO Mort Assoc. 1.000 03/09/2016 5.015.350.00 0.00 3136G2WZ6 4133 Fed.Nall Mort Assoc. 1.820 03/11/2016 5,000,000.00 0.00 3136G3FY6 4134 Fed.Nat'l Mort Assoc. 1.250 03/30/2016 5,000,000.00 0.00 Subtotal 20,015,360.00 0.00 148,074,673.26 Local Agency Investment Funds (Monthly Summary) Subtotal 25,386,288.51 Corporate Bonds Subtotal 40,672,273.42 Total 20,015,350.00 0.00 214,133,235.19 Portfolio CITY AP Run Date:04/14=6-17:02 PM(PRF P!Vo)7.30 Repon ver.7,3.30 City of HB Portfolio Management Page 1 Activity Summary March 2015 through March 2016 Yield to Maturity _ Managed Number Number Month Number of Average 360 365 Pool ofinvestments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Tenn Days to Maturity March 2015 42 203,229,327.76 1.195 1.212 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 1.059 1.074 0.299 2 6 1.175 853 July 2015 44 220,974,892.46 1.144 1.160 0.320 3 0 1,253 908 August 2015 43 207,414,248.06 1.210 1.227 0.330 0 1 1.327 948 September 2015 40 192,954,371.29 1.159 1.175 0.337 5 8 1,172 894 October 2015 41 186,003,670.17 1.207 1.223 0.337 7 6 1,184 944 November 2015 39 181,304,552.62 1.200 1.217 0.374 1 3 1.174 933 December 2015 46 186,878,180.67 1.238 1.255 0.400 8 1 1.147 925 January 2016 46 207,140,111.69 1.243 1.261 0.446 0 0 1,147 898 February 2016 43 204.413,571.12 1.217 1.234 0.467 0 3 1,102 832 March 2016 47 201,877,568.13 1.259 1.276 0.506 4 0 1,140 869 Average 43 202,674,648.72 1.193% 1.209% 0.359 3 3 1,222 924 Portfolio CITY AP Run Dale:W14MO16-17:02 PM(PRF_PM4)7.30 Report Ver.7.33b City of HB Portfolio Management Page 1 Interest Earnings Summary March 31, 2016 March 31 Month Ending Fiscal Year To Date CD1Coupon/Discount Investments: Interest Collected 225,375.00 976,181.18 Plus Accrued Interest at End of Period 590,683.12 590,683.12 Less Accrued Interest at Beginning of Period ( 624,780.75) ( 473,232.05) Less Accrued Interest at Purchase During Pedod ( 0.00) ( 0.00) Interest Earned during Period 191,277.37 1,093,632.26 Adjusted by Premiums and Discounts -13,427.44 -77,647.12 Adjusted by Capital Gains or Losses 0.00 2,188.15 Earnings during Periods 177,849.93 1,018,173.28 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 48,795.26 Plus Accrued Interest at End of Period 32,122.88 32.122.88 Less Accrued Interest at Beginning of Period ( 21,213.04) ( 27,080.80) Interest Earned during Period 10,909.84 53.837.34 Total Interest Earned during Period 202,187.21 1,147,469.59 Total Adjustments from Premiums and Discounts 43,427.44 -77,647.12 Total Capital Gains or Losses 0.00 2,188.15 Total Earnings during Period 188,759.77 1,072,010.62 Portfolio CITY AP Run Date:04n42016-17.02 PM(PRF_PM6)7.3o Repon Ver.7.3.3b Woa�r\NVES!;to State of California Pooled Money Investment Account d Market Valuation 3/31/2016 Carrying Cost Plus Description Accrued Interest Purch. Amortized Cost Fair Value Accrued Interest United States Treasury: Bills $ 11,410,745,648.58 $ 11,428,324,382.05 $ 11,433,051,500.00 NA Notes $ 19,895,104,458.35 $ 19,894,615,430.08 $ 19.906.919.000.00 $ 27,575588.00 Federal Agency: SBA $ 662,389,707.86 $ 652,377,032.02 $ 644,595,522.94 $ 830.290.94 MBS-REMICs $ 67,195,956.41 $ 67,195,956.41 $ 71,568,446.72 $ 318.368.46 Debentures $ 980,003,053.62 $ 980,000,442.51 $ 980,661,200.00 $ 1,159,694.90 Debentures FR $ $ - $ - $ Discount Notes $ 6,386,297,958.28 $ 6,395,635,458.25 $ 6,396,175,500.00 NA GNMA $ $ $ $ - Su ranational Debenture $ 350,136,669.79 $ 350,136,669.79 $ 350,709,000.00 $ 454.512.60 CDs and YCDs FR $ 300,000,000.00 $ 300,000,000.00 $ 300,000,000.00 $ 381,190.56 Bank Notes $ 200.000.000.00 $ 200,000,000.00 $ 200,000,000.00 $ 387,333.33 CDs and YCDs $ 10,550,003,344.94 $ 10,550,003,344.94 $ 10,649,420,471.66 $ 13,218,388.84 Commercial Paper $ 4,692,552,222.25 $ 4,696,239,430.61 $ 4,696,381,138.89 NA Corporate: Bonds FR $ - $ - $ - $ Bonds $ - $ - $ - $ Repurchase A reements $ $ - $ - $ Reverse Repurchase $ $ - $ - $ - Time De calls $ 5,647,440,000.00 $ 5,647,440,000.00 $ 5,647,440,000.00 NA TB 0 NA &GF Loans $ 6,030,937,000.00 $ 6,030,937,000.00 $ 6,030,937,000.00 NA TOTAL I $ 67,152,806,020.08 $ 67,192,905,146.66 $ 67,207,758,780.21 $ 44,325,367.53 Fair Value Including Accrued Interest $ 67,252,084,147.74 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(1.00022106). As an example: if an agency has an account balance of$20,000,000.00,then the agency would report it: participation in the LAIF valued at$20,004,421.19 or$20,000,000.00 x1.00022106. Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Finance Department March 2016 Cash Receipts and Disbursements February 2016 March 2016 Receipts Property Tax Receipts $969,332 $3,447,359 Utility Tax Receipts (UUT) 1.713,107 1.633,784 Sales Tax Receipts 2,569,200 2,717,261 1/2 Cent Safety Sales Tax Receipts 160,708 241,740 Highway Users Tax Receipts (HUT) 318,230 696,038 Transient Occupancy Tax Receipts (TOT) 599,423 668,650 Government Funds 140,394 64,586 Capital Funds 1,063,025 3,854,933 Debt Service Funds - - Enterprise Funds 4,417,795 4,783,420 Fiduciary Funds 1,315,216 1,289,617 Internal Service Funds 491,884 509,775 Special Revenue Funds 1,004,984 3,481,931 All Other Receipts 4,940,084 5,307,784 Total Receipts $19,703,381 $28,696,878 Disbursements Total Disbursements (28,541,768) (25,907,966) Net Change in Cash Flow ($8,838,387) $2,788,912 Summary of Cash by Fund February 2016 March 2016 General Fund $73,840,930 $72,076,696 Government Funds 2,117,236 2,124,648 Capital Funds 17,815,013 20,664,260 Debt Service Funds - 10,262 Enterprise Funds 75,368,546 76,501.945 Fiduciary Funds 13,828,715 13,158,760 Internal Service Funds 10,921,344 10,869.745 Special Revenue Funds 28,012,610 29,435.364 General Ledger Cash Balances $221,904,394 $224,841,679 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. City of Huntington Beach City Treasurer ' s Report I��h1iNGIp2 9, V S 2cF�UUNTV Cp`�E Quarter - 1 • Economic and Market Overview January - March 2016 : Fed Funds rate remains 1/4 to 1/2 percent 2-year Treasury down from 1 .02% to 0.73% ®* March Unemployment Rate: 5 .00% Dec Labor Participation Rate: 63 .0% Portfolio Overview 03f 31f 16 : As of March 31 , 2016: $ in millions Ma rket Book % nvestment Type value value Portfolio Federal Agency Issues $ 148. 2 $ 148. 1 69% Local Agency Investment Fund (LAIF) $ 25 .4 $ 25 .4 12% Corporate Bonds $ 40.8 $ 40.7 19% Total Portfolio $214.4 $214.1 100% Portfolio Composition 03f31f 16 : Investments By Type: Corporate Bonds 19% Federal Agencies 6 9% LAIF 12% Maturity Details 03f 31f 16 : Market Value % by Maturity: 4 - 5Yr Cash 19.57% 11.82% 4 - IYr 3.74°�¢ 3 - 4Yr 9.341/o 1 - 2Yr 29.29% 2 - 3Yr 26.230/) Market Value % of Portfolio By Maturity Bucket Book Value by Month 03f 31f 16 Historical Book Value $ in millions $250 214.1 MM $200 $150 $100 • • $50 $0 { 4 we 4 h o�3N <3oh4�Sejt0°boa 400& 4e�� do ti ti ti ti tio�� do tio�� tio�� ,yo Doti do Current A��y Holdin ��Z31Z16 : Federal Agency Holdings: • Federal Home Loan Bank • Federal National Mortgage Association (Fannie Mae) • Federal Farm Credit Bank • Federal Home Loan Mortgage Corp. (Freddie Mac) Abe n cy Structure 03 f 31 16 : Federal Agency Structure Composition : 1404 4 BULLET 21.48% STEP UP CALLABLE Book Value % of Portfolio By Agency Type Corporate Hold i nos 03f 31f 16 : Select Corporate Bond Issuers: • Apple Inc. • Caterpillar Financial Corp. • GE Capital Corp. • Coca Cola Co. • Merck & Co Inc. • Oracle Corp. • Toyota Motor Credit Portfolio Earnings : Quarter ending 03 / 31 / 16: Total Earnings: Month end 3/31/16: FYTD 2015/16: Current Year $188,760 $1y072yO11 Current Budget $110,000 $660,000 Last Year Actual $175,525 $893,851 Effective Rate of Return 1.10% 1.10% versus benchmark: 0.73% Conclusion : ®® Earnings utilized to offset taxpayer funds for operations, capital expenditures and other City projects City Portfolio remains compliant with all State regulations and Investment Policy No losses QUESTIONS? Dept. ID CT 16-002 Page 1 of 1 Meeting Date: 2/1/2016 7Z r o. CITY OF HUNTINGTON BEACH REQUEST FOR. CITY COUNCIL ACTION MEETING DATE: 2/1/2016 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 2015 Quarterly Investment Summary Report Statement of Issue: Receive and File the City Treasurer's Quarterly Investment Report for December 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 December 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 sustainabiVity. Attachment(s): 1. Treasurer's Quarterly Investment Report for December 2015 2. Treasurer's PowerPoint Presentation for December 2015 1 1 B _21- Item 2. - l R i dg4 i 1 i i t 1f t t t i City Huntington Treasurer's Investment Report Quarter Ending: December 31, 2015 Prepared by: Alisa Cutchen, CCMT, CPFI - City Treasurer 11Page Item 2. - 2 1 f B -22- Economic and Market Overview: For the first time in 58 Federal Open Market Committee ("FOMC") meetings, the Federal Reserve ("Fed") voted unanimously on December 16, 2015 to raise interest rates by 25 basis points from 0.00%-0.25% to 0.25%-0.50%. The Fed released an official statement noting that "the Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate." As the economy continues to improve, it is anticipated that projected gains in the labor market combined with wage inflation will eventually lead overall inflation levels to increase to the Fed's 2% target in the medium term. Fixed Income Markets: While the 1 0-year Treasury finished the year slightly higher than where it began the year (2.30% versus 2.19%), volatility levels throughout the year were high. Yields on the 1 0-year Treasury rose to as much as 2.48% and fell to as low as 1.65% before finishing the year at 2.30%. The highlight in the fixed income markets for 2015 was the 2-year yield, which experienced the largest increase in yield beginning the year at 0.69% and ending at 1.08%. This increase in yield primarily over the third quarter of 2015 may be attributable to the market's expectation that the FOMC would begin to increase rates by year-end. Employment: The unemployment rate finished the year at 5.01%, slightly above the projected rate of 5.0%. The labor participation rate increased slightly from 62.5% in November to 62.6% in December (an additional 525,000 people reporting to be in the labor force). Nonfarm payrolls rose 292,000 in December with big gains in construction, business services, transportation, information technology, and government. In addition to the strong December report, payroll grovAh in November was revised up from 211,000 to 250,000 and October payroll growth was revised up from 296,000 to 307,000. 2 1 P a g e I 111 -23- Item 2. - 3 Portfolio Overview: As of December, 31, 2015.- %of YTM Investment Type Market Value Book Value Portfolio 365-day Policy Limit Federal Agency Issues 140,575,530 141,070,760 68% 1.38% None Local Agency Investment Fund (LAIF) 25,362,393 25,362,393 12% 0.40% $50 million Corporate Bonds 40,411,585 40,699,908 20% 1.35% 30% ............ Total Portfolio $206,349,508 $207,133,061 100% 1.26% As of December 31, 2015 the market value of the City's investment portfolio was $206.3 million, with a book value of $207.1 million. The portfolio is invested in only those investments allowable by state regulations and the City 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 December 31, 2015: ................ ----- - Corporate Bonds 20% Federal Agency Issues 68% LAIF 12% 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 3 1 P a g e Item 2. - 4 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 httol.f'/vv,,,- .tieas"rer.ca.goti/pm?'a-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, Portfolio Earnings and Performance: 2015 Monthly Earnings History 250,000 $200,000 $150,000 $100,000 $50,000 $0 Av \A Zoe, sec C3 fJyGs yrL1 0 4 {gage Item 2. - 5 Fiscal YTD Month Ending 12131/15 2015116 Total Earnings: I Current Year $ 170,245 $ 499,734 Current Budget $ 110,000 $ 330,000 Last Year Actual $ 140,610 $ 413,850 I Effective Rate of Return 1.07% 1.09% Monthly investment earnings for December 31, 2015 were $170,245. The monthly effective rate of return was 1.07%, with a fiscal year-to-date effective rate of return of 1.09%. This compares favorably to the previous year's monthly earnings in December 2014 of $140,610 and monthly effective rate of return of 0.92%. With the Federal Deserve having raised interest rates in December, bond yields have risen slightly. Correspondingly, we have experienced a slight uptick in the overall portfolio yield. However, it must be noted that as securities typically remain in the portfolio until they are called or mature, changes is the portfolio yield will lag interest rate changes in the market. Portfolio Activity: (For details of portfolio activity, please see the Syrnpro reports attached entitled `Activity Report') Monthly Activity: For the n,:onth ending December 31, 2015, $31 million in federal agencies were purchased and $5 million were called. $3 million of corporate bonds were purchased. Quarterly Activity: For the quarter ending December 31, 2015, a total of $62 million in federal agency securities were purchased with $45 million in federal agencies called, sold or matured. $3 million in corporate bonds were purchased for the quarter with $3 million in corporate bonds maturing. $12 million was transferred from LAIF to the operating account over the quarter with a deposit of $24,899 for interest earned from quarter ending September 30, 2015. Compliance: The portfolio is in conformity with all relevant State regulations and the City's Investment Policy statement as approved by the City Council on November 5, 2015. The investment program herein shown provides sufficient cash flow liquidity to meet the next six months' obligations. 5 1 P a g e Item 2. - 6 ,o- Additional Information: Retirement Plan Information as of September 30, 2015: "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 Septernber 30,2015 Beginning Corin-h)tions Distr,Dutwans/ Earrings Other Feesi SeFD,rected Ending Balance Transfers (change in Adustrnerits OP*w Balance (7-1-15) value) :-,a!arce (9-30-16) Gair.'Lossl (Nationwide Repofiing is Quarterly Interest Only) 1CMARetlirenwrit Corporation(467 Plan) $42,390,831 $615,059 (5354,0K) (V,905,570) ($3,783) $40,742,448 Nationwide Retirement Solutions(457 Plan) $74,622,141 581?,766 ($862,18-1) (52,401,389) ($qoq 51,038,783 $73,210,212 278) (S4,308,959) ($4 683) $113,952:660 Cityof Huntington Beach Retiree Medical Trust Summary Information as of September 30,2015 Beginning CoitritKi56ris Distrbutions/ Earrer)qs Other Fees' Ending Baiance Trans ,,s (change in. Mjustments Balance Reporting is Quarterly (7-1-15) va',je) (9-30-15) CalPERS Retiree Medical Trust Accotivit $19,591,833 $363,Da) ($558,7C4) ($4,1142) $19,391,987 City of Huntington Beach Supp!ernental Pension Trust Summary ln;orwtion(rnonthiyreporring,notquarterly) as of September 30,2015 Beqnmng Employer interest& Realized Change in Other Trust Ending Balance Contributions D;,Adea2 Gain I Loss Unrealized Fees/ Balance Plus Wet Gains i Losses Adjustments (9-30-16) Accrupd Reporting is Monthfy Inc-04ne US Bank Supplemental Pension Trust ACCOLIF)t S42 933,6522 $934.000 $85,0,03 $32.908 (Si 025,699) ($5,695) 542,961,139 6 1 P a g e 1 ��B -27- Item 2. - 7 Bond Reserve Accounts - Balances as of December 31, 2015: Sunwwry of Huntington Beach Bond)Issue-- Reserve Arcounts Reserve Account Investments As of December 31,2016 Value as of Federal Money Market Bond Issue: Dec 31,2015 LAIF Agency Issues Funds H R.RNt ,F in inc ig iLtranf'-cas-n ROj oding Bard 2,41 10 SEnesR 1,242,681 86 y 1,242,681,86 ii L Pj'jlic Finatic n improwmew 'CenLe.) Bom's'21011 Seriffsk 3,714,066.16 825,214-43 2,888.851-65 0.08 Rcdc,,elcpmerl Nencrof HE-19'9 Tax R�j�aton kef.mdii9 Dolas(11'of 758378-62 i 75 8,37 T6 1 1.00 Rede�c-lopm e n1,43ency of H 133,-W T ax A�ocafon ROO n d ap Borids(2,1 of 19192) 1,657,077.24 644,570.42 909,350.00 13,156.82 H B Gom rr, F'acilites Di,nli,I N o.19SO-120 1 Spec ia!T ax Bonds(Goi,Je n"est-Ul is) 972,53877 172,138,68 400.09 HE 1,091,848.00 G, 1,091,848.00 1 I H.E Cn n rr Fa.i 5 t es D s Y), No 2002 12 C-0 2 1 T ax Bono s N Do i,n c, C(:,)V L:B; ineS.>PL,k", 453.603.40 453,603.40 t i P,Co M M U r>j F,4c ih b es D( N o 7W 3 12 013 Saec;a I I ax bcanc s f H i a 1;ric,tr Con Lei-Be�a T e r,a) 1,680,718.61 1,680,718 61. TOTALS: $ 10,770,913 2,853,905 $ 3,883, 4 0218,805 1 7 Page Item 2. - 8 e-4 W >> z c Lo cc" v CD 0) RM on C) LO r C5 V: f-j -6�2 tz o -rq aEl LL cy; 1.4 -; i m ;: � N 10 41 co E Lo E Cr3- 0 co 1-3 (zv In E lb O "i 0 0 0 CL co U V I MS C3 'D Ln 00 nci n r-.co CD CN V C� 7 q C� Cq ;E 1 4 cs "i -i > 00 0,4 ff, CD CD W 0 C4 C4 N W: Cz > > tD Oct a xxi .2x- co 0 CE 0 r- Q CL 0) CL CO < m < E R v L) LLB 'E - >- > < w Z 2 -E CL o Lf, C) U Q F H Cl C) < Lu Item 2. - 9 a N I f- C crJ m m I.. G � x2 m ,y O ;T O O to NO �x S+ to V; aJ r+ M h. p O O W 1 49 c9 i r N r r .- r N N N N �- P r �- r r N N N •- r Q7 0 0 f^3 N O G o d d C d O a O C O G N N [V N tV N N N N N SV t1� N N lY N 6� N N N t1 tV N tV h' N N' N N � R7 Ira M N O UJ O m Yam- C O V O O O OJ m t.F h m an f+ C` CV m m r i-- C M � t V CS N IXS N <'i V tG �J m m m t0 O O Q V N O O r 0 c 0 O O O r 0 o 0 o �- r O O _ [ r M C41 U m m N C m O l0 tU � t� :( l': M O to N � r- tL O M N V m m M N N. t• f+ O c'� J tD V] Cl O M V h f" (•J N A3 r N N O t+ W L`9 L3 N tD O m tp e`1 CY j r r rr - r - - - r rrrLn I LL G± N) N O t0 O O M O - O - O G 10 O m t0 m 4l d f V O N df� h G d M LJ Q N N 6 0 0 0 � N G V II tP H H V3 � M O t0 QJ O H r O r+ C N ,Yr M d .Y,1rf. r r N r '- r r O r r r r N N C r O O r 0 N r N 4 may} }y o to o a C o N o 1 o C O 0 o o c o o 0 0 0 try o 6b� O .- N O O M O O C •'D O M N C N N CJ O O O m r d7 O r 0 4 '. M O M a r r r r r r r r r O r r r r r r O r r r O r a r r N r O r r G? 4 O w C ra o h o 0 o N O c 0 o G O O d d o O tL O O G O of ID W UT tD o to O 4 p h C n o N O C O o O o O C O a 4 - C O G d O O h 1% ✓'+ to 2 O r- O v O r- O o O m O o 0 o a 0 c n 0 0 o 0 h O c, 0 0 N N M L7 O m G o t/J U O c> r O o o 0 p O p O ID0 0 0 C' n 0 n o N Q; m N M Y C V C r C f+ C C O tD O O C 0 0 0 0 Q 0 0 o 0 V C O o C V M M c CD o p U 0 m G .- p G O 4p O O G G G O p p p p 0 0 p o o G pi N N m N q O M o m a rr o o o G o G o o o o Q o o o o ts> o G o o to o a tv m O O O m O o 0 a d o O o d o 0 o O O G o O G LT O. - d d O ( M H m m (ii 4h tfi V' C 11) w, M m VY ttl N CV N N N N r w O O O O O O O d O d O O o O O O O O O O C O C O O O O tfi tD 0 0 - G o 0 0 0 o G o 0 0 0 0 o o o 0 0 0 o a o 0 0 o G G o O R !J 0 0 CJ O ti U U U O O O U tJ o Q Q U Q Q O 6 o o O o O N tV O O N G N h t3 O O O m II O - O j m m n O O N O r m+ [O M f0 (3T V W N N tl H V tD M ' OJ fC t0 m m uJ r O r M r M (D N N r h m O m O O m OJ CG h W ay m H m [p O O O O O p O 0 0 a Q m O m m Qi m m G G G G m C O"� O W � i G7 (U � � m o o a G o o G c o a o -• o G o 0 0 0 0 0 0 0 0 0 0 0 0 o I tc � j o 0 0 0 o G o 0 0 0 0 0 o O C a o 0 0 o 0 00 0 ou OO' o O coJ 0 0 0 c0 c 4 0 D 0 0 0 G o 0 c c ai m � o 0 o p p p o p ca p o G p o 0 0 © o 0 0 o c> G o a G o n O M H � c� d y 0 G o o 0 o l cs G a a a o G o c G o o Q c c Q o us = d o G 0 0 6 G O O G C:I G O O O O U G G O U O o 0 0 6 o U O O � M M ''. O O i' N L tee �tl L N 7 ifs 7 N t. N O V; N M tf4 tfJ Y; tf] 4F,• N M N 4(} ! ([: N M M N N N •O ®ry fl ro L7 (f1 Q V ifs 47 47 N L') tf) lff R N L^� V1 V1 lf) N 7 tOf7 Nd MO MO Sfi l!7 N !!"� M Oa. ` fJ N Y CV Q O m rz rn oti N N C r r N N N r CL a. V V N N N N V (D N m QI m m m 0 0 0 0 0 0 M 0'o N CJ S O '•+l N YS Q h m t1 N m t C DOP O 4 eq !� SD Q O O C r` : O C O O o o O o O O O o m N U U U U U U ti U C) U U U r C C C C G C C C 'C o o C C C C o o o t (p N W @ O W m to O C O O C O O O O O O O t� O m m m m m m m m g o o G o o O O U c c c c t= c c c c c c c c c c c c c rn w yr w w m d o o o O o tr C} O tq W �7 C1 N N N N m1 N ✓O 6 CS O O o c, G O O O O O O O Q Q Q Q Q Q Q5 O O O O P O O Ci G c E E E E E E E E E E E E E E E E z e LL t0 ttl O O O O O O o O O O O O O O O o O O Z o LL LL T T T S T S T T M T T T T T T T T T .� of a R w -4 m m F —P. (9 `i CJ F m m Ev ro -j-, m Z Z Z Z Z z zc — o` �J a � v v v z v4, v -o v v c+ LL W A lL m u LL LL. LL i4. LL. 1L 1L lL LL tt LL LL lL tt LL LL LL LL LL LL LL L' u i J < U LL f Q O C 0 V3 rn _E a u. Y. CJ O G W U tV V r Ko Ol O r N 'J: tP h tCi m O VD C m N M 4h N m C 7 �f: to N ih .J V Vt P` V h m `n N C tit V C tD N O N h N py v v v v v v v v v v v v v v v v v v v M M M v v v v � m rJ v 'Q N O td CQy N Ci m {9 n co OD 4r4 r R RS1 Ci O '- m tu S > jj Q ❑ C� �r S X L'a- LL' ti4 Z N Y i Q Q t�ri o R Lii M tt�� M oo C vu�1 t9 QQ n r+ h n n n h h h 4 l4 N twi7 W d O M M M M M M M M {'�) M. M �: M M M M M M ¢`? M M C'J H M M M M O } O vm L) LL M t^a M M M M M M M M M M .. c'> M M M M M M M M M M M M M Item 2. - 10 ►�E -���- <2 CO a -t w CN ( ¢ (0 N 0 V ol N 10 tl 0 r.0 0) a; 0 U 0 Ct ll� C� V o 1� a o c� Ict m c4 cc E E o 41 o o o o o o o o o o o o >r CQ 'R 6 6 6 6 6 to > o o m o U c� O O O c� R �o 0 0 Z! to ';2 CL CL < G o o a a rn o Q -E, -,_i 0, y o 6, 4) U Lu 0 u it 0 0 Ld nL ca u, < 0 t- < o Item 2. - I I d I- d C7 M (—) r'e a o s Q ai PO n n. C)� Y� � 0.� CIS � g G � a � ya i m b l!1 t1) N 02 � C6 I v w i D N 3 U5 [T Fr C i V1 r 63 W M 4/ O ® n W L'� CN R IS Q O ,Q LL U •O O Q (L t a � o a a co p p O N Ol U O V p A 4n > }0 r, m vs q °' Yt a � rn ^ a � s sc �' �s c U H c f i uy ca U ri Item 2. - 12 l ili b. 1� 17� 0 at rl: c C, 0 M JOO C� Ci O Ci at N N Ln C14 C, 6 6 6 6 6 6 6 6 6 0 0 Ck C-i 0 0 0 C� CO aci C) 0 t- 0 0 In - a-i- - - - - - - - - - (14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 zi 2 2 2 :iw 2 c c c . . . . . q) v c . . . E E E E E E E E E 0 0 0 0 0 0 0 0 0 w v it w w gC CL r :3 :) 0 U, IT w N Go Z > cr-, o � a2 �2 12 rLl can r2 -j V) Item 2. - 13 CL v < fl) DO Lr) 00 r �lj M �r, 01, 'T tr, N N "t m 0 C� co ar 0-- cl 0) oc, 0) cr, co a, 0) 0 > 't < C a, 0 'r CID m 00 0 7 rl- ul m r- N (r) U0 (D (D (o m 0) r- 0) r- Ln C,4 c m -It NN " I) Cq I) N - NM — C > — — t — — — — — — — — -- -- — V N ti N C14 M (D 0 r OD O fl E 2 Z > O 0 0 C) r co r c) C,4 N m Lr, 0 r ea E z > 0 V- m o 0 M Co CQ (o (o (0 00 0) 0) NM n n. a, a)ILK N . " " N " N C, 0 'D 0 0 0 0 O 0 0 0- 0 C) O m E 2u E 0 ClIz �; (D m N Lo 0 IM 0 C) > — — — — — — — — — — M 0 zi u T" (C 00 N C) Lo Lo C) 7,q rm �D U) r- CD C'I (o In It .1 0, 0 Q0 U) M 7 0? :� C� — — C� — =� 7 > o r r r - — — — — — — ui 2 u 0 W L9 C7 r- 00 to 0 (D 0 ID ID 0) 0-1 -tt t-- I-- 'IT to 1�0 m r- G� C) 0 0 NN It L'.') 0 M IT F-- 7 5 03 m 6 m 6 cz cli Cd 0) 1- r- "t V 1 0 In (o m (n N n r- -t r*,� V) V �Q -. N O CliO 0i 'T- 0), 0) C� 0- CO M to C') (') N Q N w '2 ON No N(-4 CN 'C�I�j r- V) r- (D (N N (D Lo r -It n 0 tU co co m C') 'Ir It E rn m Ln 0 0 m ko 0 Ln by w E > N C., C14 C4 N E0aE , 2Q = :) .s -a > 0 z 0; 0 is 0 0 In 02 LL Item 1 14 i 0 c d 0 n i f i i 07 V) 6> tr) O n rl co �l) O O O O I O O O O N O M N M co N , O V M O 0 0 0 0 O 0 0 O r X [U M M co g� iD :f) N O O N co LO O O O O O O O O O O O m N 06 O O M f- M CD 11 a) CT? C, O 00 M O �O 'C m N V Cb N O co CR O �7 m cc N V 1- tG �. N 4 I Lr) O O O O O O CJ O r' (V O CJ N r� M CO N N O O V � M O 0 0 0 0 O O O O 47 CO OJ (9 r., M 00 (U (C`" -p � In N O C) N O5 I LO O 0 0 0 O 0 0 O Q) O s QI N 07 4 G O O M r� M O if) 01, m e O CO M O rWF G Y M N �t (f} N O cQ v7 O t{ C6 UY N N c> O c�i 4�] C31 to N 0 g 9 c M M _ a � Q ++ c) p rf c o O ti '� o c+ a. a n a W w a n .L fl n Im Q a or ti m a N U) 'ClC [Ts j C .Q C O E 3 2 E rn J c rn c rn r c eNn = ai a c y c N c �] G. W C ca a W MG_ LU c J.l �i i1J J (a b c9 r y� r iW .. t4 m N M U.7 O iv i6 {V✓,+ - O p W 0 c C = (ram rn u = c W ` U c c _ p O d d Q H o� Q d 9 C} v Q Q 7 5 Q U ® L< < ai a s u o o C -t � CL J J F F- F- f i i a o ei i Item 2. - 15 / / / / State of California Pooled Money Investment Account .14 Market Valuation 10/31/2015 Carrying Cost Plus Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury: Bonds FR Bonds Reverse Repurchase $ Fair Value Including Accrued Interest $ 83'895'183'482.11 Repurchase Agreements, Time Deposits, AB55 & General Fund loans, and � MavaroeRepurohaoaageementoarenaniedatpndfo|iobookva|ue(oaoying000U. ^D�Dl 7. - . | �~ | /� u | Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Finance Department October 2015 Cash Receipts and Disbursements September 2015 October 2015 Receipts Property Tax Receipts $1,262,772 $223,073 Utility Tax Receipts (ULIT) 1,735,210 1,857,202 Sates Tax Receipts 2,698,570 1,902,200 112 Cent Safety Sates Tax Receipts 183,794 156,826 Highway Users Tax Receipts (HUT) 671,337 355,916 Transient Occupancy Tax Receipts (TOT) 1,024,101 794,053 Governrrient Funds 218,604 187,487 Capital Funds 3,112,845 36,504 Debt Service Funds 6,646,977 - Enterprise Funds 4,926,877 4,513,376 Fiduciary Funds 1,273,696 1,291.,996 Internal Service Funds 529,067 753,150 Special Revenue Funds 3,363,033 1,366,796 All Other Receipts 5,746,787 12,484,207 Total Receipts $33,394,671 $25,922,,787 Disbursements Total Disbrrrsenients (40,138,807) (33,633,911) Net Change in Cash Flow ($6,744,136) ($7,711,124) Summary of Cash by Fund September 2015 October 2015 General Fund 62,512,328 60,237,868 Government Funds 1,608,660 1,730,467 Capital Funds 16,883,151 14,640,435 Debt Service Funds 3,304 10,679 Enterprise Funds 80,478,929 73,195,203 Fiduciary Funds 10,111,989 12,236,792 Internal Service Funds 8,431,736 8,622,259 Special Revenue Funds 29,421,269 28,487,158 General Ledger Cash Balances 209,451,367 199,160,861 " *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 statennent is prepared in compliance with the City's Charter. Statement or Cash Receipts Disbursements October 2015.x1sx 1111612015 �-M -,?- Item 2. - 17 a 2 CD >> ID ro ag 00 7. O CV 21 Li cl� Lq LL co 0) r- w 0) OCT kn E m pyq ol E CQ) LLi 0 Lr) C3 Lrl' 0 M M t-- m q c CO toC^sr-; , 1 1- >- co -7, > 0 w LL 'Lo r_ C3 ej E E C, r- 8 cn , n C3 M �t to 0 E- r dQ - V; P. 'a oj Z cr uS 71 co C, gg 0 7r Tc 0 fo 0 0 0) .5 > 0 w 0 L > :3< .0 0 -1 Item 2. - 18 11'3 8- M 01 Nt- C, iD ID 0 w I't C'T t- r-� w C! N M 01 0 0 0 M �7, 'n M 0 01 n N fl- tl w N 0 a a 'D 0 o o O C4 CP O q 9 t 0 9 U O M 0 — — - — - — 1� 0 q g 0 0 C! O a 0 0 0 O C> 0 G 0 0 0 0 G 0 O O C O N N 0 0 0 O O C3 0 C7 O b D O O O O D O n M M w 0 O O c! 0 0 0 0 0 0 0 0 M M 01 CO 0 o 0 C 0 0 0 0 0 QsC� C� C, C� C� 0 00 C> 0 CL 0 V) 0 W) 0 0 CV v ul N M N (4 474 to to 0 a n O O O O O Q d O O 0 C� C� C� C! 0 C! 0 0 11 j O O O O r4 I 0 0 q 11s cr, Cc O� N r6i z; V C6 M 1, n M - 00 ua to I w t" w cli 0 0 n ct C� rn C C� o m C C C 0� ar 01 0 q� as C� O C� 17, 0 an 1% q i lax 0i cl Ir 5 vi tf1 'n 6 -t Ln In N N C14 C14 00 00 co� ca� CE 01:� co� CQ� COD aq C0� ocj� co� co� 'CR, E� K=� 15� Q0 E� 10::i N�tl eN� CR 00 CR co� ce) n 0 0 0 0 0 0 0 0 N CY 'i VI Lei WT L6 45 V; Iri CJ ka 16 N r; k:� N 4i tn 0 E rk 0) 0 — > �rf .2 o Z L2 11 L,h '."2 42 C N N RV N N N N N N N 14 N N N N N N TZ e 3 Q5 f2 Q 51 CV N 7 0 0 0 0 u to > 0 0 0 0 0 0 0 C) C3 0 0 u i3 0 u r tf t- = = = = I= tf = z I Li 0 0 0 0 0 0 0 0 0 0 0 0 to cxa OD CO f CS C'o 2 2 5 :E 2 2 2 2 ME 2 2 :� 0 0 0 2 c c c c c c c c 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 < < < CS w E F: E� CE VE *E OE CE OE 4E) 0 o 0 0 0 0 0 s E E E E E E E ii 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LL X T Y T- 0 > -1i z z z z z z 4 1 S�, & 2 'V 'a -0 70 'D 10 M -0 M '0 -V M -0 -0 -6 -6 -6 -6 -6 0 0 0 0 0 0 w 4u 0 0 0 0 �) 0 0 0 0 0 Q c 0 w 0 0 4, 2 U� 4- LL LL LL LL LL �1- LL LL LL LL J- I LL LL LL LL LL LL LL L� LL Ld LL R CA t- o a 0 0 o C) 0 0 0 p — — — — — - co M 0 0 10 L" LL.> 9L LL, 4n -j U,' CL N to q ci -2 �2 �2 2 �2 l2 M �2 �2 0 LL co Q) Of Item 2. - 19 a_ ID EL VY tot IV V 10 C IQ 0 - ;r o o ID �Ll a, a) O2 cl) C; O C; a o 0 0 0 C; U =Ci C� lc� O C� 0 0 0 0 = 0 0 Z 15 CL rf =n 0 <ca rd n fo m m C) 0 a 0 2i to co < 0 Cl) 0 10 0 m C Item I - 20 11 B -40- tt C4 :s VI IQ 1 cn 7Z 49 LO O 9D > co 0 0 0 = = 0 > 0 0 0 Z ® 0 > ej > qJ CY Item 2. - 21 Ce C� C� 17� Cli 61 O Ci jni In Ln E > a) CL 0 z e5 Ln u CL 0 0 cC E F 2 E 21 -0 -V LL IL U- 0 CL 0 u. Vto 0 C9 0 LL Item 2. - 22 41 W LO 00 't V14 all co CD co Ln N a) c!) "M fu 00 Ua C11 a 0 J 0-1 cc M a, CL 0- > Li Y C* cr) co C) q 1- In Co f-, (,q -'r 'T 00 CCU (o MCAt- 0) r- Lo N r- z �,- (D IV C.,, C14 C' M "'� M IN cq — — — — — — — — — — — — — 'D CN t- N N r r M tD CD CO 4.0 V) 01 E z -0 O 47i r co r Lo N 4N M <D U-) r- M 0 racy, I >CL C: Lf> (D CO M CD a, 0 0 f-- P- v cS (Y) "I In of r iD Cl) (0 C, -q Ll t- Ir, t- C4 N "i cr M au co N (s Lo M N al (D w * u) C,4 Ul) q ':s 7 17 N7 Cr . '7 — — — — — — — — — — E ® c r- CO CO n V) 0 0 00 N. w r- 10 C-- 00 V c) t- C) C, r" 0)V' 0 Cli Ca cl? kq In tq ll� 00 M -It 0) rl- tv t- -,t M (D Cl) in 0) to - vI to r-� Lr) (o as (o <n cn C4 co C5 C'i 0) C) CD t-4 S U> 7 CO M C,4 N C,4 co Ln vt M 0 0) Z zz 9D ;> 0 0 C> 0 O E E > CL 0 MW z L3 n LL Q d V3 0 Z w I I B -4'�- Item 2. - 23 r i i A ! I � 3 g d i 7 0 i- O kl'i O N � � N O O O O O O O O N O j n LD LA V) L V 0 0 4: [lT <- C*7 O C G O O 0 0 O ! G G W f� CO M - tD c0 (0 N 0 N (V tU co 0 0 00 O 06 O O r O � O N N co to N c? r] m h c9 C O N cc C 4+ A t0 co CO N t- OZ' r O cc20 O M r K ~ 16 ui M t0 N V V h- t- u7 M Ki N 07 N 3E t RL LIN c0 N N CO 0 C, O O O ? O O N tV N 0 0 0 O r�- "I 01 �- 0 O O O i CDO 40 N M s- yr 06 M E LnT CV L3 r ri b 0 O O O Q O O C C O [7 i �! f- 0 ui N co �-- Cl) t- O jj N N 0) cam-- M !' w E r w f� N N N � O (4 6 iti N V1 of CDN to N O N r (O r M NLn r M Q L M W •C U Q Lu C7 t Q ,V) nO LJf.. O k O O CL .v (n 'p c a a N 4 G p � � y � G O � � � N � O O C 0 Vi •� '. C Qf C o a 6 A u o 1 c A xs c, E O a c c �a W [p d W .°c c rNu f j CO L] Lil a c_ c W w a J @ y A A cc N A w ° io A `n $ O w E 01 Ci C c C q; aN N C c ,�„� t7 a c LL7 m Ur ILI a L) U `v t U u y N ? 7 S N v7 cn j j Q N R A .71 104Y y - a0 �. U o CL J J Q Q 6 dl J Q Q U EL iw !f II ! N I � 0 N I Q O O Item 2. - 24 E ,3 -- 9. ,�VES State of California s� Pooled Money Investment Account Market Valuation 11/30/2015 Carrying Cost Plus Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury: Bills $ 10,221,934,392.28 $ 10,231,838,500.00 NA Notes $ 21,152,081,069,54 $ 21,124,917,000M $ 31,180,343.50 Federal Agency: SBA $ 627,706,907A6 $ 620,679,494.28 $ 540,232.15 MBS-REMICs $ 75,812,812.71 $ 80,509,664.27 $ 359,618.00 Debentures $ 1,214,447�021.27 $ 1,212,578,100-00 $ 3,355,148A5 Debentures FIR -$ - $ - $ Discount Notes $ 6,936,965,569.40 $ 6,944,115,500.00 NA GNMA $ - $ - $ - Supranational Debentures $ 350,165,819.35 $ 350,269,000M $ 412,848.00 CDs and YCDs FR $ 200,000,000.00 $ 200,000,000.00 $ 89,384A4_ Bank Notes $ 400,000,000.00 $ 399,835,381.58 $ 214,33333 CDs and YCDs $ 101285,010,93158 $ 10,283,225,868,15 $ 10,256,772,18_ Commercial Paper $ 3,012,020,07779 $ 3,012,982,888.88 NA Corporate: Bonds FR $ - $ - $ - Bonds $ - $ - $ - Repurchase Agreements $ - $ - $ - Reverse Repurchase $ - $ - $ - Time Deposits $ 5,896,540,000.00 $ 5,896,540,000.00 NA AB 55& GF Loans 4,454,245,202,41 $ 4,454,245,202.41 NA TOTAL $ 64,826,929,805,49 _ $ 64,811,736,5M57 1 $ 46,408,679.75 Fair Value Including Accrued Interest $ 64,858,145,279.32 Repurchase Agreements, Time Deposits,AB 55 &General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). I I B --I:,- Item 2. - 25 Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Finance Department Novomber 2015 Cash Receipts and Disbursements October 2016 Noveirber 2016 Receipts Property Tax Receipts $223,073 $5,292,108 Utility Tax Receipts (UUT) 1,857,202 1,727,049 Sales Tax Receipts 1,902,200 2,536,200 1/2 Cent Safety Sales Tax Receipts 156,826 172,311 Highway Users Tax Receipts (HUT) 355,916 - Transient Occupancy Tax Receipts (TOT) 794,053 761,035 Government Funds 187,487 286,992 Capital Funds 2,129,537 21,154 Debt Service Funds - 80 Enterprise Funds 4,513,376 4,547,668 Fiduciary Funds 1,291,998 1.286,987 Internal Service Funds 753,150 560,630 Special Revenue Funds 1,744,983 1,222,822 All Other Receipts 9,785,778 3,707,138 Total Receipts $25,695,660 $22,122,164 Disbursements Total Disbursements (29,359,031) (22,549,028) Not Change in Cash Flow ($3,663�54 _ ($428,876) Summary of Cash by Fund October 2016 November 2016 General Fund 59,310,292 58,162,306 Government Funds 1,865,852 2,033,598 Capital Funds 19,531,985 18,057,804 Debt Service Funds 10,681 8,762 Enterprise Funds 73,529t886 75,730,678 Fiduciary Funds 7,142:166 7,279,312 Internal Service Funds 8,656,420 8,800,412 Special Revenue Funds 28,581,126 28,522,028 General Ledger Cash Balances 198,628,409 198,694,899 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. S c tatement of Cash Rece,`pls D'six)tstmenIsNovemtor2Cl5.>dsx 12115/2015 Item 2. - 26 �j Z N o m+y� Lo M ^ M M bpi 11 N 1 C t4 Q — CL �CD O n t1")'0 c c�o G c CD h 7 CL Ct O T g > m v c to cv Q a G Q N C� N o C uj p E CJ U M >> c Z Y c 3 ti 7 c I i� I U� CJ k �+ O 0) L CD. v S o N c o c�v� a x v 1 MtIt � X C'1 to U C 6 O E d 4 i m N Q � N U tl O Y Q+4n CA j UJ O+ o QJ'L7 O N N LT •N o n to > > C F- Q, CD vw E � L3] r an o fir) a> O (P3 M ``v'Y' o o 'N a rl- C> 0 C Q .Q R'�V M •t n N Uco }/yVy O to c M p I to 2 0 O V tJ T 3 0 0 O r C c+1 N to •= O IDO r.- a C n- — v n vi o C �- CO t7 W v rya v W q 45 2 toga 2 00 o� t?Y U in _ � E ra `n � o aUi u p; C �- a`o a � M co i U i1 r �FPfi} elfry� L x c r N > m is n` nLU = o.. . trao� o > a > > M > L) >> _� _ Item 2. - 27 c2 h 02 r- v cc, co 1-- 0) 0) 0 w m r-- 0) r- w sv 17 z 0 .T v- i, -00 0 N v to 00 0 C, 0 m 0 In D 0 eo 91 ll� m N C� 0 C� C� 'o "t C-1 N ID 0 0 0 C, cq 0 t- N to 0 0 0 C, f- 0 C. O C� fj C! 0O 6 O O W 0 C=� o Qev D D o o a D o d caID d q d c! q o 0 o d li n 11: 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a N cv 17� Nci 17� Ina t- 01 Q 17] 0 C� 0 C� C� C� C� C� rl� M ti 0 0 0 C; 0 0 C 0 o 0 0 0 a 0 o n 0 o 0 o o o 0 o 0 o o 0 N C, 0 0 lc q q > Om 0 0 C� 0 a lz� ci 0 0 C� C� lo� 0 4 Ct 0 C, ct q Ci m li Ln Va N 0 O d O C! 0 Cl. d O C! 0 Cyd O O 0 a 0 0 0 0 0 0 C� O a N N 0 0 0 0 0 0 0 cn C' Oa 171 1--- 1'-- 17� Iq so lff ll� V� t-; oll co 64 0 r" m c I CJ T N :! tP n sn v1 ji N, ;; 0 0 N 0 0 m , , 'n 0 C, m t- m 0 0 , 1� 2, io C, a, C, ,ol M 0 0 <n - � - to9D cl� ID ::� ID - kq "! cl It v W� v v v toM V V V V C) V V v0 a V 0 10 Ln N E 0 0 0 m Q R 0 O O O O 0 0 Q 0 0 0 0 C, 0 0 C, 0 0 0 0 a 10 co 0 0 C� o q 6 6 6 6 6 t4 0 a 0 a 0 m 0 C> 0 0 0 Ca m C� lz� 0 C� lz� CG C� C� C, C� 0 lz� IM C� C� lz� C� C` Ct C� C, q -�1 ll1 ti 0 0 n 0 0 10 N N 0 0 oq at ct fl� ti vi U! v; 6 6 'r; W, W; CD C�Cq vi i 'n �o 'n o E Q t V) 'n a CL m cl IN N N fL 7 C)u 10 r v v Iz, c r v ro vo ro ro ro ro 0 0 0 a 0 0 o a a . . . . . 0 0 0 0 0 0 0 tC 0 0 3 is V -oJ . . . 0 E E I t ':� - 0 E E E E E E E sc 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c 0 0 0to iv cc z z z z z z 0 0 w w 0 0 0 0 0 Lt IL IL w LL LL U- LL LL LL LL LL LL LL LL LL LL U- CL 0 N k of cv vQQ Lu w co N 0� 0- W m 10 m x P > 0- Lu c w y ti N N CL W w <W C, W < W (D 0 U 0< < < < 0 (D (9 0 0 0 (5 U 0 0 0 h2 �2 0 7, 0 U- 0 'n Item 2. - 28 1113 -.4 8- i i 1 i 1 � 3 O N N � cv cd N � ev cv � ca ti cv N ea r t`n z%1 r ip v •r rN' � ;• r ri � `o q � I G o G o r o c o 0 o n r - I q Q C q d d Q i I va o o cn o o G o I- I Q G o t- o o N 11 n G r_ �- m M (0 fD v1 4'} IN M N m G W q m tp O tCt ++1 Q+ 3 W Cn a) ,-- •' O q -T 6t ai q N c cn hd Tq 0 4 N O N q x, q O w T N ice. C i m t� N M Y G M O C O m G eft r 0 0 0 P U sn It N I a1 r'1 m m O Ll O t17 G O G � O O v a M, O S11 N N C) N to N N r N N N C'1 M CJ M �O C i N i G O O p p O O O O b O t� o 0 0 o O to � O O O o O G 0 0 0 0 0 0 0 0 6 0 Ct b C, 0 0 0 u'i C) 0 0 0 0 In P. q o cn o - v+ v -I m e� m N a m m w a cD W M r,I a5 cv to c m a, "1 o G as u> rn N 47 O m C'd r Cn tit L] r N m (D u'6 rl6 46 vQ}1 t— 0 G 6 M W I G r r 7 m m a, M O N O O O q Cl 4 0 Cs O V C N i L E a) C m o G o G o o G a c o 0 0 0 0 0 o 0 03 �� � N a G o G o G O o G C 0 C o C C c c+ � � M o 0 o G o 0 o c o a o o ct o o © rr is o o c G o 0 0 0 0 0 o o C c` o o N 0 N (i 0 0 C, 0 0 0 O O o o 0 0 0 0 O w �`j <Y tit GJ 4: fJ cJ O N O O G+ O O tiX OC V a �} 0 t1} N O ,O o Q M g N N M v q u N 11 t M q N ^ A A 0 0 0 0 O G O O G O 0 0 0 0 0 LL GJ O m q it fJ U� W a] q m N W O tie O G N N fd CL IN n fY Yi C� N N C: N tl] CJ G r 0 0 r C, D,O Co tP q OY to C e7 w O o0 O O _l U U o 'b T u U U U ro ar a s r4 �i5 Yi li U U o c +i a `a vi _v U a w w u.! n a S° U oIn m Q c +� u 'Si o o a R, '3 6 0 A C m 0 4 0 Q1 O O C, 0 O N G O M q q q cO q q V q q q q M q q o h b C � �3 n m v 0 IL M v w U c9 U tU LIJ m > X m a F M N co w N N av N N Vy W r-_ v7 t3 ID IN N C," M C? V) (+) M 11 p t` m ID m m m O: q q 6> ['? q N N M q tD 0ID ID I v q m W N M th M N N N m m W K [ -49- Item 2. - 29 LL LL L, a m q� Ct CN q ut 10 O O 0 0 0 O v L6 V5 T- C) C14 0 0 o 0 o 0 n C5 6 6 6 Ct E u a) CL m m 0 4- c m 0 0 0 u 0 CN 1] It IN �� r r r .- r r r i •- •- cu u o C) C) 0 0 VE a 0 0 0 0 0 0 to :I 0 0 M < D. D X LL V) U) < w 'o < 0 LU L" to < < L— I 'I< 0 0 U. rq N Item 2. - 30 y m [D Q n +9 A� r co ) NC:) (n to O It � 'IT M N d C) c IL = a, co O O O 07 CG tJ, .T', 00 Q7 fJJ O! A'i 4 g r LL N L T C 6 FF co rn cc O V h N M ^- N V r- C) l A C lD (D M Q) ram- 6 ram- Cf5 N r- h V to N N M Cl) M N N M N > r r r r r r r r r r r r Q Q, q t+ (N N r r M (D CG co CD co M v EEm z m m >tr c 6 i m r rx: r +n N N M O U) t-- r CO d >IL o 0 (y o C) a3 d r N c co M o 0) N o r- r-- r- 0 r a* c9 tD (D (D h iS� N M M M r- C7 L p 0.Q' N N N N N N N M M V 7 V M i c O O O O Q O O O O O O O O O j E E {3J a an cD M c m (7) V O �h M f-- u;Lr; M z M > C_ O r c- .- r Or r r a- .- .-- N r U) Q u, N Oi N C'> V O m 'd d u'j V (t7 C� O (D �n V O O C•i +A ('V M O O N O N N N N r 17 1 E19 m m CO CD C (D tO O W (D CO M M N r- t0 c v th V M h ar ai h V O N O L? (D 46 (D V N N M � '"' N O N >fqO (N O N N V O (M Ith M (n r Q m O) M O M O r N N v � r r r= -1V v v M C7 N M r+ P- r+ tt} A G F+ 00 V (D r+ cV O N Ca Ch V rn C7 M CC O 0� CD M M N cb O h N Im <I'• w r- w rn o o r cv N o rn ro w r r N N N N N cat r r r r Q F+ (D N N (D L7 V M O <'• 0) O N M M m� � y E Z W Z m 6 r y a (Do a o a a a a CD 0 0 N N N N N N N N N N N N N C: na iV b 0 C _.a V C A .a C375}` �} fi ~J O But O uw a n IL Q 2 -1 1 Q vJ O Z o § cc Item 2. - 31 < � a � o o O c e i a I 1 i I 0; C'O N + O - of o krj to O O O O O O O CDOC O O`. ct to Lo C 7 7 O O O O C O O O O tf> 0. 07 lC; eL' 7 r: t6 (, N G Lt V) CO I- CD CD O C O O O O 0) rl- O (Cl O 4Y) 00 M M CSS h� W dr-. (P co 00 tf) N 1- 00 M t FO (acw N c, c. Co N G O v- N - t` j C4 CO N LO V (:O t� V 0 co N a) UT M M e N N N N 0 C? m I m tr vT v w v� tt m r I c� I iI � I LJI N G O M 0 C) M 0 C) 0 0 O O CD O O coN CD In c, O (n C f+ 0) O V-3 00 O r+ C O O O O O O O O rl� "C! CV 2` m O Cb Q} E N V CD O N ® i 'o C O O O O O O O O r- (c r� " p E E i1J O cq M O t"J Cl) N '3 C, t- CO Cl) CO (S7 1» O f'1 U; V N2 Q T ! OG N N Q (V r r� N eo rr � � o _ c B1 M y v ►.. 0 o �, a o © u a s a '00 a a o +? o a � o t] cn ci a 0. � e`r .o �. Cl «? G p G 0) O o c 'n C C3 N _ Q n c p E co a o N o 0) ° u C CS -,0, 2.7 O U O a r a N f/1 O cc: i cn .0 U C U J O1 G C C�S6 p7 Ch C lli aC c aE.a G U CT d . �5 c = W CD LL 3 d. 0 .. fy'� SO S �'.� ` ;n t0 (✓p N :Cy w N @ N a o W J v `> op .i G a6 U Qt `� C N U 70N d a a> [6 C R F C C Q� � ,- C; O C C p� � Q1 CJ W dc a a s 1 U a a '00, a U Y a a n R O O W 7 O O 7 o N cc y y F u U d U 1 U U Q U Q Q Q Q Q Q Q Q C N 'O '6 l�C E y ANj _� D O O U ^ J J Q Q L J Q Q U - CL J € F- }- F- I 0 h' N f: t` V' O C i Cr Item 2. - 32 o t� r State of California Pooled Money Investment Account cz, Market Valuation 12/31/2015 Carrying Cost Plus Description Accrued Interest Purch. Amortized Cost Fair Value Accrued Interest United States Treasury: Bills 10,468.708,753,45 $ 10,482,830,783.28 $ 101478,607,000,00 NA Notes 22,248 452,535.53 $ 22,247�129027.71 $ 22,207,793,500.00 $ 24,762,324.50 Federal Agency: SBA 642,351,164.21 $ 642,343,90917 $ 635,322,467.80 549,995.41 MBS-REMICs 73,596,655.56 $ 73,596,655.56 $ 77,904,572,74 $ 348,792.53 Debentures 961,990,090.06 $ 961,986,867,84 $ 961,041,000.00 $ 3,893,258.30 Debentures FR $ - $ - $ - Discount Notes 7,584,478,430.49 $ 7,593,829,138,89 $ 7,592,138,500,00 NA GNMA $ - $ - $ - $ - Supranational Debenture $ 350,151,164.92 a 350,151,164.92 $ 349,959,000L0 $ 626,387.50 CDs and YCDs FR $ 200,000,000.00 200,000,000 00 $ 200,000,000.00 197,363.48 Bank Notes $ 400,000,000.00 400,0,00 000.00 $ 399,813,054.46 $ 351,250.00 CDs and YCDs $ 10,985,007;11&52 10.285.007.118.52 $ 10,981,602,11631.42 9,862,947.22 Commercial Pacer $ 2,385,328,869.46 2,386,7011.088,85 $ 2,386,066,166.67 NA Corporate: Bonds FR $ Bonds $ $ - Repurchase Agreements $ $ - $ Reverse Repurchase $ $ $ - $ Time Deposits $ 5,677;040,000M $ 5,677,040,000,00 $ 5,677,040,000.00 NA AB 55&GF Loans $ 3,590,865,000 00 $ 3,590,865,000.00 $ 3,590,865,000,00 NA ITOTAL $ 65,567,989,782.20 $ 65,591,480,754.74 $ 65,538,152,425.091 $ 40,592,318.94_ Pair Value Including Accrued Interest $ 65,578.744,74403 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(0.999186963). As an example: if an agency has an account balance of$20,000,000.00,then the agency would report its participation in the LAIF valued at$19,983,739.25 or$20.000,000.00 xO,999186963. 1 Itern 2. - 33 ` Statement of Cash Receipts and Disbursements and Summary of Cash by Fund �1 Finance Department December 2015 Cash Receipts and Disbursements November 2015 December 2015 Receipts Property Tax Receipts $5,292,108 $25,280,141 Utility Tax Receipts (UUT) 1,727,049 1,640,186 Sales Tax Receipts 2,536,200 2,409,371 112 Cent Safety Sales Tax Receipts 172,311 204,542 Highway Users Tax Receipts (HUT) - 688,518 Transient Occupancy Tax Receipts (TOT) 761,035 554,162 Government Funds 286,992 82,139 Capital Funds 21,154 2,951,027 Debt Service Funds 80 - Enterprise Funds 4,547,668 5,062,936 Fiduciary Funds 1,286,967 2,977,023 Internal Service Funds 560,630 492,664 Special Revenue Funds 1,222,822 1,917,804 All Other Receipts 31707,138 2,748,868 Total Receipts $22,122,154 $47,009,382 Disbursements Total Disbursements (22,549,028) (28,059,158) Net Change in Cash Flow ($426,875} $18,950,224 Summary of Cash by Fund November 2015 December 2015 General Fund 581162,306 74,409,430 Government Funds 2,033,598 2,052,125 Capital Funds 18,057,804 19,247,799 Debt Service Funds 8,762 6,262 Enterprise Funds 75,730,678 75,055,620 Fiduciary Funds 7,279,312 9,116,668 Internal Service Funds 8,800,412 9,872,797 Special Revenue Funds 28,522,028 27,429,635 General Ledger Cash Balances 198,594,899 217,190,335 ' 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. Item 2. - 34 of Cash Receipts Disbursements December r {�3 �� 1/13/2016 k4 r 3. p.p� w i k tit H U � � z 4yy � »Y i Hai Item 2. - 35 C N O • N Ln c� 4� o Ln a� > Nal O +-jLO • Lij . v N Item 2. 36 -���- O o LO a J' 7 rn CN O ,o o� I N N d "ENO 7.7 U lV _; �_ Item 2. - 37 ` t 6 LO g � � km CD CD m s �y Y y W CN �- �a l xr i P- "moo p �,•� ? t m ;0:* O Item 2. - 38 ��� - - O u J Ll V 1 �-I 7 CY) w CAI U ® � i O 7:� O O ® � o o PLO r) ° 1B Item 2. - 39 L I a •• U o � • . o U CN IL4 a � c� Item 2. - 40 1 ' ! -00- 0 • 1"I u r 4? Y CNtM a i � b W CL it p4n— � O ® w � g _0;_ Item ?. - 411 I LO or) CN , ® 11 O s \ / U � C� U U O � O Item 2. - 42 -t>>- 0 i Ca O M C) LO o _ I*-- © 00 CY) CY) C) cy') CD I .(/) N C� d' IL �f LO E T PE,F M • • �• Ln.. ■ U") J O O C> O O 69- 60- 69- Pq K� k LLJ • S� ■ ■ p L V •ice+ ;a ,j., Q W _ cc ►�►3 -03- Item 2. - 43 I ■ • PO1 Cf) PLO CM) o <3 Item 2. - 44I €k3 -64- 4 T ` sae tx 4 ' S b` 4 y Eu �� ., rr�—y 1W I'll Vj e rg d; Itern 2. - 45