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Home My WebLink AboutMonthly Investment Reports - City Treasurer 2003 and 2004 - Ifs., Council/Agency Meeting Held: o Oo-s- Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied e Cit erk' Sign re Council Meeting Date: 2/7/05 Department ID Number: CT05-06 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS - c) SUBMITTED BY: SHARI L. FREI DEN RICH, CITY TREASUR+ ' PREPARED BY: SHARI L. FREIDENRICH, CITY TREASURFO'�4 SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S(DECEMBER 2004 j INVESTMENT SUMMARY REPORT IEEE Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for December 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for December 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not applicable Environmental Status: Not applicable Attachment(s): NumberCity Clerk's Page . Description 1 Monthly Investment Report and Summary of Investments for December 2004 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. December 2004 PowerPoint Presentation C C� Monthly Investment Report and Summary of Investments for December 2004 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for December, 2004 City Investment Portfolio: November December Inc./(Dec.) End of month City Portfolio Balance $142,041,441 $159,932,441 $17,891,000 End of month General Fund Balance $15,334,807 $32,663,708 $17,328,901 Earned Interest Yield Average 2.68% 2.77% 0.09% Average Maturity ( in days) 628 582 -46 End of Month Market Value $141,434,416 $159,392,822 $17,958,406 End of month bank cash balance $5,071,070 $7,814,531 $2,743,461 Bond Proceeds Investments:* October November Inc./(Dec.) End of Month Bond Reserve Par Value $30,483,110 $28,661,222 ($1,821,888) End of Month Bond Reserve Market Value $30,483,110 $28,661,222 ($1,821,888) Deferred Compensation investments:** June September Inc./(Dec.) Participant Balances $63,929,934 $64,197,822 $267,888 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $187,500 $350,401 $162,901 Interest Earned Year to Date $562,500 $950,345 $387,845 Earned Interest Yield Year to Date 3.00% 2.68% -0.32% *Bond Proceeds Statements are issued monthly and lag by one month. *Deferred Compensation Statements are issued quarterly and lag by one month. Summary by Individual Investment in City Investment Portfolio: Days Int. December % of Total Policy Limit to Mat. Rate Federal Agency Issues -Coupon $83,451,664 52% None 950 3.08% Local Agency Inv. Fund (LAIF) $32,198,587 206/6 $40 million 1 2.13% Treasury Securities-Coupon $12,959,908 8% None 800 2.99% Medium Term Notes $3,480,670 2% 20% 296 5.52% Commercial Paper Disc. -Amortizing $11,949,590 8% 25% 64 2.29% Federal Agency Disc. -Amortizing $3,992,424 3% None 35 1.97% Treasury Discounts-Amortizing $11,899,598 7% None 130 2.36% $159,932,441 100% City of HB Portfolio Management Portfolio Summary December 31, 2004 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 83,490,000.00 82,876,926.60 83,451,664.20 52.18 1,229 950 3.033 3.075 Local Agency Investment Funds 32,198,587.13 32,198,587.13 32,198,587.13 20.13 1 1 2.105 - 2.134 Treasury Securities-Coupon 13,000,000.00 12,948,750.00 12,959,908.45 8.10 986 800 2.945 2.986 Medium Term Notes 3,481,000.00 3,529,658.03 3,480,669.54 2.18 1,605 296 5.443 5.518 Commercial Paper Disc.-Amortizing 12,000,000.00 11,948,860.00 11,949,589.71 7.47 105 64 2.257 2.288 Federal Agency Disc.-Amortizing 4,000,000.00 3,991,800.00 3,992,423.90 2.50 133 35 1.939 1.966 Treasury Discounts-Amortizing 12,000,000.00 11,898,240.00 11,899,598.08 7.44 150 130 2.330 2,362 160,169,587.13 159,392,821.76 159,932,441.01 100.00% 778 582 2.754 2.792 Investments Cash and Accrued Interest Accrued Interest at Purchase 15,095.11 15,095.11 Subtotal 15,095.11 15,095.11 Total Cash and Investments 160,169,587.13 159,407,916.87 159,947,536.12 778 582 2.754 2.792 Total Earnings December 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 350,400.66 950,344.54 Current Budget 187,500.00 562,500.00 2,250,000.00 Last Year Actual 242,155.03 682,129.91 2,983,793.86 Average Daily Balance 148,814,748.79 140,857,318.56 Effective Rate of Return 2.77% 2.68% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec.20,2004. 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 providedby Union Bank via Merrill Lynch and Interactive Data Corporation. 2 S FR E I CITY TREASURER Reporting period 12/01/2004-12/31/2004 Portfolio CITY AP Run Date:01/13/2005-12:40 PM(PRF_PM1)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments December 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon I 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000.000.00 1,984,380.00 2,000,000.00 2.730 AAA 2.730 635 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 990.940.00 1,000,000.00 2.850 AAA 2.850 780 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 995,630.00 1,000,000.00 3.500 AAA 3.500 1,200 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000.000.00 1,975,620.00 2,000,000.00 4.000 AAA 4.000 1,396 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 2,004,380.00 2,000,000.00 4.000 AAA 4.000 1,444 12/15/2008 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,967,500.00 2,000,000.00 3.020 AAA 3.020 1,192 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,961,880.00 2,000.000.00 2.400 AAA 2.400 804 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,960,620.00 2,000,000.00 2.270 AAA 2.270 752 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,977,500.00 2,000,000.00 3.320 AAA 3.320 1,304 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,951,260.00 2,000,000.00 2.900 AAA 2.900 1,305 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850.000.00 1,850,000.00 1,850,000.00 4.000 AAA 4.000 1,367 09129/2008 31339YU03 3195 Federal Home Loan Bank 12/11/2003 2,140.000.00 2,107.236.60 2,123.596.05 2.375 AAA 2.805 681 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 986,560.00 1,000.000.00 2.640 AAA 2.641 636 09/29/2006 31339YFL1 3198 Federal Home Loan Bank 12/18/2003 2,000,000.00 1,976,260.00 1,992.252.48 1.885 AAA 2.260 387 01/23/2006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1.987,500.00 2,000,000.00 3.000 AAA 3.000 780 02/2012007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1.971,880.00 2,000,000.00 2.800 AAA 2.801 926 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,987,500.00 2,000,000.00 3.070 AAA 3.070 846 04/27/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,485,000.00 1,481.826.57 2.750 AAA 3.390 726 12/28/2006 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,990,620.00 2,000,000.00 3.260 AAA 3.260 1,000 09/28/2007 3133X8M33 3262 Federal Home Loan Bank 09/29/2004 2,000,000.00 1.997,500.00 2,000,000.00 2.250 AAA 2.250 996 09/24/2007 3133X9GC8 3269 Federal Home Loan Bank 11/30/2004 2,000,000.00 1,993,760.00 2,000,000.00 3.000 AAA 3.000 606 08/30/2006 3133X9NH9 3272 Federal Home Loan Bank 11/30/2004 2,000,000.00 1,996,260.00 2,000,000.00 3.080 AAA 3.080 606 08/30/2006 3133X9TP5 3277 Federal Home Loan Bank 12/28/2004 2,000,000.00 2.000,620.00 2,000,000.00 3.345 AAA 3.345 726 12/28/2006 3133X9UT5 3278 Federal Home Loan Bank 12/29/2004 2,000,000.00 2,001,880.00 2,000,000.00 3.280 AAA 3.280 636 09/29/2006 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000.000.00 1,961,320.00 2,000,000.00 3.000 AAA 3.000 1,298 07/22/2008 3128X1TF4 3163 Federal Home Loan Mori Corp 07/23/2003 2,000,000.00. 1,973.040.00 2,000,000.00 3.000 AAA 3.000 1,117 01/23/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1,000,000.00 992,580.00 1,000,000.00 2.625 AAA 2.625 545 06/30/2006 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,978,740.00 2,002,876.15 2.750 AAA 2.678 769 02/09/2007 3128X1DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1,972,500.00 2,003,539.33 2.500 AAA .2.404 702 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,978,680.00 2,005.298.64 2.750 AAA 2.618 769 02/09/2007 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,998,800.00 2,000,000.00 3.560 AAA 3.560 1,210 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2.000,000.00 2.009,380.00 2,000,000.00 4.125 AAA 4.125 1,782 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 2,000.220.00 2,000,000.00 3.600 AAA 3.600 1,237 05/22/2008 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,002,500.00 1,000,000.00 5.010 AAA 5.010 7.74 02/14/2007 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1.000,000.00 1,006,880.00 1,000,000.00 5.350 AAA 5.350 831 04/12/2007 3136F3VT0 3193 Fed.Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 1,970.000.00 1,988,259.23 2.100 AAA 2.510 541 06/26/2006 Portfolio CITY AP Run Date:01/13/2005-12:40 PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of H6 Portfolio Management Page 3 Portfolio Details - Investments December 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon I 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 1,988.760.00 2.000,000.00 3.000 AAA 3.000 727 12/29/2006 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 03/22/2004 2,000,000.00 1,986,880.00 2,007.440.75 2.750 AAA 2.510 587 08/11/2006 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1',981,880.00 2,000,000.00 3.610 AAA 3.610 1,549 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000.000.00 1,978,120.00 1,996,575.00 3.250 AAA 2-652 1.250 06/04/2008 3136F6CK3 3253 Fed.Nat'l Mort.Assoc. 09/30/2004 2,000,000.00 1,992,500.00 2,000,000.00 2.320 AAA 2 320 272 09/30/2005 3136F6EY1 3258 Fed.Nat'l Mort.Assoc. 10/12/2004 2,000,000.00 1,995.620.00 2,000.000.00 2.125 AAA 2.124 557 07/12/2006 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 2,000,620.00 2,000,000.00 4.250 AAA 4.250 1,732 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 2,002,500.00 2,000,000.00 3.700 AAA 3.700 1.238 05/23/2008 3136F6PB9 3273 Fed.Nat'l Mort.Assoc. 11/19/2004 2,000,000.00 2,003,120.00 2,000,000.00 3.700 AAA 3.080 1,052 11/19/2007 Subtotal and Average 78,999,124.59 83,490,000.00 82,876,926.60 83,451,664.20 3.075 950 Local Agency Investment Funds SYS982 982 Laif City 17.699.133.38 17,699,133.38 17,699,133.38 2.134 NR 2.134 1 SYS2206 2206 LAIF-Redevelopment Agency 14,499,453.75 14,499.453.75 14.499.453.75 2.134 NR 2.134 1 Subtotal and Average 35,797,941.97 32,198,587.13 32,198,587.13 32,198,587.13 2.134 1 Treasury Securities-Coupon 912828BJB 3175 US Treasury Notes 09/02/2003 1,000,000.00 996.090.00 1.000,000.00 2.000 AAA 2.000 242 08/31/2005 912828CF5 3234 US Treasury Notes 05/12/2004 2,000,000.00 1.983.440.00 1.991,468.49 2.250 AAA 2.580 484 04/30/2006 912828CG3 3235 US Treasury Notes 05/17/2004 2,000,000.00 1,998,980.00 1,996,635.40 3.125 AAA 3.195 864 05/15/2007 912828ANO 3244 US Treasury Notes 06/10/2004 2.000,000.00 1,987.660.00 1,974,385.47 3.000 AAA 3.473 1,048 11/15/2007 9128277F3 3246 US Treasury Notes 06/14/2004 2,000,000.00 2,016,880.00 2,015,211.04 3.500 AAA 3.068 683 11/15/2006 912828ANO 3270 US Treasury Notes 11/15/2004 2,000,000.00 1,987,660.00 1,996,730.62 3.000 AAA 3.060 1,048 11/15/2007 912828CR9 3271 US Treasury Notes 11/10/2004 2,000,000.00 1,978.040.00 1,985,477.43 2.750 AAA 3.034 956 08/15/2007 Subtotal and Average 12,959,278.42 13,000,000.00 12,948,750.00 12,959,908.45 2.986 800 Medium Term Notes 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 998,830.00 1,002,276.84 2.850 Aaa 2.590 334 12/01/2005 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 493.328.03 478,970.80 6.250 Aa 6.800 334 12/01/2005 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,004,840.00 999,946.22 7.500 Aa 7.559 41 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,032.660.00 999.475.68 5.750 Aa 5.799 494 05/10/2006 Subtotal and Average 3,480,646.17 3,481,000.00 3,529,658.03 3,480,669.54 5.518 296 Commercial Paper Disc.-Amortizing 17307JN01 3256 Citigroup Global 09/22/2004 2,000,000.00 1,997.300.00 1,997,572.22 1.900 P-1 1.939 23 01/24/2005 17307JQB1 3279 Citigroup Global 12/17/2004 2.060.000.00 1.990,920.00 1,990,876.66 2.380 P-1 2.427 69 03/11/2005 Portfolio CITY AP Run Date:01/13/2005-12:40 PM(PRF PM2)SymRept 6.41.202 City of 1-113 Portfolio Management Page 4 Portfolio Details - Investments December 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Commercial Paper Disc.-Amortizing I 17307JR46 3283 Citigroup Global 12/22/2004 2,000,000.00 1,987,360.00 1,987,600.00 2.400 P-1 2.450 93 04/04/2005 36959HQM2 3280 General Electric Capital Corp 12/20/2004 2,000,000.00 1,989,560.00 1,989,335.00 2.430 P-1 2.479 79 03/21/2005 36959HR74 3284 General Electric Capital Corp 12/22/2004 2,000,000.00 1,986,940.00 1,987,093.33 2.420 P-1 2.471 96 04/07/2005 90262CNU7 3261 UBS Finance Delaware LLC 09/28/2004 2,000,000.00 1,996,780.00 1,997,112.50 1.925 P-1 1.965 27 01/28/2005 Subtotal and Average 7,005,924.96 12,000,000.00 11,948,860.00 11,949,589.71 2.288 64 Federal Agency Disc.-Amortizing 313397AT8 3257 Federal Home Loan Mort Corp 09/22/2004 2,000,000.00 1,998,200.00 1,998,224.45 1.880 AAA 1.918 17 01/18/2005 313589CF8 3260 Fed.Nat'l Mort.Assoc. 09/27/2004 2,000,000.00 1,993,600.00 1,994,199.45 1.970 AAA 2.014 53 02/23/2005 Subtotal and Average 3,989,215.56 4,000,000.00 3,991,800.00 3,992,423.90 1.966 35 Treasury Discounts-Amortizing 912795ST9 3281 United States Treasury Bills 12/20/2004 2,000,000.00 1,977,640.00 1,977,821.28 2.405 AAA 2.468 166 06/16/2005 912795SF9 3282 United States Treasury Bills 12/23/2004 2,000,000.00 1,990,400.00 1,990,136.57 2.165 AAA 2.207 82 03/24/2005 912795SM4 3285 United States Treasury Bills 12/22/2004 4,000,000.00 3,967,680.00 3,967,689.67 2.345 AAA 2.399 124 05/05/2005 912795SP7 3274 US Treasury Notes 11/19/2004 2,000,000.00 1,981,740.00 1,982,558.63 2.275 AAA 2.333 138 05/19/2005 912795SQ5 3275 US Treasury Notes 11/26/2004 2,000,000.00 1,980,780.00 1,981,391.93 2.310 AAA 2.370 145 05/26/2005 Subtotal and Average 6,582,617.12 12,000,000.00 11,898,240.00 11,899,698.08 2.362 130 Total and Average 148,814,748.79 160,169,587.13 159,392,821.76 159,932,441.01 2.792 582 Portfolio CITY AP Run Date:01/13/2005•12:40 PM(PRF PM2)SymRept 6.41.202 City of HB Portfolio Management Page 5 Portfolio Details - Cash December 31, 2004 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 1 0.00 Accrued Interest at Purchase 15,095.11 15,095,11 0 Subtotal 15,095.11 15,095.11 Total Cash andlnvestmentss 148,814,748.79 160,169,587.13 159,407,916.87 159,947,536.12 2.792 582 Portfolio CITY AP Run Date:01/13/2005-12:40 PM(PRF_PM2)SymRepi 6.41.202 City of HB Portfolio Management Page 6 Y YP ActivityB Type December 1, 2004 through December 31, 2004 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331SGHO 3276 Federal Farm Credit Bank 4.000 12/15/2004 2,000,000.00 0.00 3133X9TP5 3277 Federal Home Loan Bank 3.345 12/28/2004 2,000,000.00 0.00 3133X9UT5 3278 Federal Home Loan Bank 3.280 12/29/2004 2,000,000.00 0.00 Subtotal 6,000,000.00 0.00 83,451,664.20 Local Agency Investment Funds (Monthly Summary) SYS982 982 Lail City 2.134 6,706,000.00 7,250,000.00 SYS2206 2206 LAIF-Redevelopment Agency 2.134 7,420,000.00 10,900,000.00 Subtotal 14,126,000.00 18,150,000.00 32,198,587.13 Treasury Securities-Coupon Subtotal 12,959,908.45 Medium Term Notes Subtotal 3,480,669.54 Commercial Paper Disc.-Amortizing 17307J0131 3279 Citigroup Global 2.380 12/17/2004 1,988,893.33 0.00 17307JR46 3283 Citigroup Global 2.400 12/22/2004 1,986,266.67 0.00 36959HQM2 3280 General Electric Capital Corp 2.430 12/20/2004 1,987,715.00 0.00 36959HR74 3284 General Electric Capital Corp 2.420 12/22/2004 1,985,748.89 0.00 Subtotal 7,948,623.89 0.00 11,949,589.71 Federal Agency Disc.-Amortizing Subtotal 3,992,423.90 Treasury Discounts-Amortizing 912795ST9 3281 United States Treasury Bills 2.405 12/20/2004 1,976,218.00 0.00 912795SF9 3282 United States Treasury Bills 2.165 12/23/2004 1,989,054.00 0.00 912795SM4 3285 United States Treasury Bills 2.345 12/22/2004 3,965,084.00 0.00 Subtotal 7,930,356.00 0.00 11,899,598.08 Total 36,004,979.89 18,150,000.00 159,932,441.01 Portfolio CITY AP Run Date:01/13/2005-12:40 PM(PRF_PM3)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary December 2003 through December 2004 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity December 2003 54 107,494,636.71 2.585 2.621 1.545 18 4 847 668 January 2004 54 118,480,571.63 2.474 2.509 1.528 2 2 785 595 February 2004 53 119,578,552.03 2.431 2.465 1.440 7 8 783 596 March 2004 50 116,721,608.70 2.270 2.302 1.474 11 14 722 567 April 2004 56 120,387,371.15 2.233 2.264 1.445 8 2 701 549 May 2004 57 133,674,753.55 2.253 2.284 1.426 6 5 711 558 June 2004 60 138,062,935.51 2.298 2.330 1.469 7 4 724 570 July 2004 59 139,103,226.48 2.331 2.363 1.604 3 4 716 549 August 2004 58 135,009,078.33 2.375 2.408 1.672 3 4 716 533 September 2004 60 134,956,827.79 2.405 2.438 1.771 9 7 699 519 October 2004 58 134,803,170.71 2.501 2.536 1.890 3 5 726 535 November 2004 61 138,890,593.41 2.713 2.751 2.003 11 8 824 628 December 2004 71 148,814,748.79 2.754 2.792 2.134 10 0 778 582 Average 58 129,707,422.89 2.433% 2.466% 1.646 8 5 749 573 Portfolio CITY AP Run Date:01/13/2005-12:40 PM(PRF_PM4)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type December 2003 through December 2004 December January February March April May June July August September October November December Average Security Type 2003 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 50.0 46.1 49.1 45.2 44.7 44.1 43.9 43.5 43.5 44.8 47.4 54.5 52.2 46.8% Local Agency Investment Funds 31.0 31.9 32.3 32.3 30.3 29.7 28.2 28.5 28.1 27.6 28.5 25.5 20.1 28.8% Treasury Securities-Coupon 0.9 0.8 0.8 0.8 0.8 3.7 6.4 6.6 6.7 6.3 6.5 9.1 8.1 4.4% Medium Term Notes 4.7 4.6 3.8 3.8 3.4 3.3 2.5 2.6 2.6 2.5 2.5 2.5 2.2 3.1% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 8.5 11.7 10.9 12.9 10.2 8.9 7.8 5.8 5.9 7.7 6.5 2.8 7.5 8.3% Federal Agency Disc.-Amortizing 5.0 4.9 3.2 5.0 10.6 10.4 11.3 13.0 13.2 11.1 8.6 2.8 2.5 7.8% Treasury Discounts-Amortizing 2.8 7.4 0.8% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:01/13/2005.12:40 PM(PRF_PM5)SymRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 12/31/04 Descr�pt�on,re Accru®dInterestPurch AmortizedCost Fair Value �►ccrued Interest United States Treasury: Bills $ 1,366,649,277.80 $ 1,372,816,000.01 $ 1,372,524,400.00 NA Notes $ 4,995,307,494.43 $ 4,994,611,107.53 $ 4,963,745,000.00 $ 23,117,862.75 Federal Agency: SBA $ 593,369,088.41 $ 593,338,532.67 $ 585,778,154.61 $ 2,091,130.27 MBS $ 634,305,584.07 $ 632,963,590.49 $ 627,127,610.17 $ 2,808,520.04 Bonds $ 5,314,590,550.31 $ 5,312,671,725.85 $ 5,272,361,813.65 $ 34,887,763.84 Floaters $ - $ - $ - $ - Discount Notes $ 8,021,474,526.95 $ 8,059,853,899.36 $ 8,058,011,621.30 NA FHLMC PC $ 2,589,455.30 $ 2,589,455.30 $ 2,786,281.51 $ 41,690.73 GNMA $ 347,384.19 $ 347,384.19 $ 393,685.65 $ 3,434.50 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 924,962,639.47 $ 924,962,639.47 $ 924,688,200.50 $ 4,066,180.55 CDs $ 10,857,059,540.06 $ 10,857,059,540.06 $ 10,850,378,853.47 $ 55,106,875.47 Commercial Paper $ 7,764,359,621.07 $ 7,791,736,491.95 $ 7,788,812,135.97 NA Corporate: Floaters $ 137,586,356.34 $ 137,586,356.34 $ 137,267,840.30 $ 631,277.51 Bonds $ 1,504,374,553.75 $ 1,503,099,183.37 $ 1,490,066,413.96 $ 24,084,120.07 Repurchase Agreement $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 6,445,295,000.00 $ 6,445,295,000.00 $ 6,445,295,000.00 NA AB 55&GF Loans $ 4,893,826,109.92 $ 4,893,826,109.92 $ 4,893,826,109.92 NA TOTAL $ 53,456,097,182.07 $ 53,522,757,016.50 $ 53,413,063,121.01 $ 146,838,855.73 Fair Value Including Accrued Interest $ 53,559,901,976.74 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(.997950519). 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$19,959,010.37 or$20,000,000.00 x .997950519. Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of November 30,2004 Summary of investments by type Market Value Market Value Par Value Investment Type as of 10/31/04 as of 11/30/04 $18,090,787 Local Agency Investment Fund(LAIF) $19,782,767 $18,090,787 $0 Federal Agency Issues $0 $0 $8,190,455 Investment Agreements $8,190,455 $8,190,455 $2,049,492 Money Market Funds $2,179,400 $2,049,492 $330,488 US Treasury Securities $330,488 $330,488 $28,661,222 $30,483,110 $28,661,222 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 10/31/04 as of 11/30/04 $2,354,205 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,459,613 $2,354,205 $14,517,750 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $16,247,157 $14,517,750 $1,697,472 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,697,419 $1,697,472 $521,467 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $517,548 $521,467 $2,021,452 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,021,412 $2,021,452 $2,695,762 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,695,680 $2,695,762 $1,257,970 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,256,587 $1,257,970 $173,424 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $173,424 $173,424 $1,582,693 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,582,438 $1,582,693 $769,112 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $765,886 $769,112 $873,747 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $873,746 $873,747 $134,308 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $130,359 $134,308 $47,638 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $47,638 $47,638 $14,220 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $14,204 $14,220 $28,661,222 $30,483,110 $28,661,222 Deferred Compensation Plan Summary Information Attachment- 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2004 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (06-30-04) (09-30-04) ICMA Retirement Corporation (457 Plan) $18,104,649 $528,176 ($372,002) ($241,479) $34,880 $18,054,223 ICMA Retirement Corporation (401 Plan) $355,777 $21,143 $0 ($599) $0 $376,321 Nationwide Retirement Solutions (457 Plan) $45,451,976 $1,077,483 ($571,075) ($208,461) ($175) $45,749,747 Trust Deeds $17,532 $0 $0 $0 $0 $17,532 Total Deferred Compensation Plan Balances $63,929,934 $1,626,801 ($943,078) ($450,540) $34,705 $64,197,822 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA TREASURER' S n.f 1 � f v Shari L . Freidenrich , CPA, CCMT , CPFA February 7, 2005 slide 1 Treasurer's Report Shari L. _Freidenrich, CPA CCMT, CPFA Investment Balance rends Portfolio Balances by Type $117M $110M $104M $116M $140M $159M ° 100 /o 6 r ° US Treas 80 /o Med Notes M Fed Ag. 40% j O CP o El Repurchase 20 /o 0% Slide 2 Dec-00 Dec-01 Dec-02 Dec-03 Jun-04 Dec-04 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Invest mlent Percentages By Type of Investment Federal Agencies LAIF 52% s� � � �� a 20% �' �``&; '� �� ^`i � �•.�°s^� .r eta"s�^� r �b,�� .�� , .�:�`� ;�- '�� -.�°a� ��,., '1.�� y x'¢,�4ra, '` xar w •s�sr, ��3'f :.i.' �'�C'"C �5.. x .+^ar svk� 'd> t r .x rt Y.a(a:• ` z '"�'a #..�. ,� � "fs `�� aa' fi.��a• y.:� .. a� s, wu ++a , 502 w �$ Mium Term Notes 0 lide 3 Treasury cia Fed. Agency Securities Treasury Paper Discount 8% Discounts 8% 3% 7% Treasurer's Report - Shari L. Freidenrch, CPA, CCMT, CPFA Liquidity Investment Maturities by Days, Ending December 2003/2004 1 Day 40% 31 % E 2-180 Days 5 30% 17% 18% 22% 20% 19% ��m . - 1 Yr. 1 - 1 .5 Yr. o p 15% v3 , 16% 20 /o � � ,,x 1 .5 - 2 Yr. 3.' S IE 3 Yr. 1 /o F s Ey 3 4 Yr. ` w 4 5 Yr. 0% - 0% 2% 9% fw 18% 5% 40 Slide 4 2003 2004 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $112,000v000 $292,063 $9,0009000 $2,5357711 $6,000,000 $37000,000 $0 ($3,000,000) ($800,381 ) ($610001000)--"-- ($2,340,851 ) ($4,166,390) ($9j000j000) ----"- ($7z409z799) ($12,000,000) Jan-05 Feb-05 Mar-05 Apr-05 May-05 Jun-05 Slide 5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Yields Trends .r 5.00% i 4.00% . ° 2.65% 2.57% 2.47% 2.68% 3.0.0 /o 2.25% 17 S ,1.57 2.00% ° ` 1 .60 0 , I'd evf �ti w r r� x .......... a d� 0.01DO/co 0 Dec-03 Mar-04 Jun-04 ` Dec-04 Slide 6 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Summaryof Investment by CityFund December 31 , 2004 $329663,708 1 ,177,604 $14,775,846 E : Qe Su2j 28 263 640 a ss., $3541058 E / ks r t l �rY yt6 Ndff d $20,3437179 'C $6597509253 $63,759 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Summary • Recommendation to City Council Slide 8 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: December 2004 Investment Summary Report COUNCIL MEETING DATE: February 7, 2005 ¢ RCA ATTACHMENTS STATUS;' Ordinance (w/exhibits & legislative draft if applicable Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attome Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attome Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds If applicable) Not Applicable Staff Report If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS. . REVIEWED. RETURNED; . FORWARDED:; Administrative Staff Assistant City Administrator Initial City Administrator Initial rCity Clerk EXPLANATION_FOR RETURN OF ITEMy Only)(Below Space For City Clerk's Use RCA Author: slf /Z�� Fi�CI,��rJGZ1Gf✓ �%h�S Council/Agency Meeting Held: o2D O Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied ity ter ' Sign t re Council Meeting Date: 12/20/04 Department ID Number: CT05-02 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL ME BERS Q SUBMITTED BY. SHARI L. FREIDENRICH, CITY TREASURE�F % PREPARED BY: SHARI L. FREIDENRICH, CITY TREASURER SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S OCTOBER 2004 INVESTMENT SUMMARY REPORT r r Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for October 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for October 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not applicable Environmental Status: Not applicable Attachment(s): NumberCity Clerk's Page 1 Monthly Investment Report and Summary of Investments for October 2004 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. October 2004 PowerPoint Presentation Monthly Investment Report and Summary of Investments for October 2004 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for October, 2004 City Investment Portfolio: September October Inc./(Dec.) End of month City Portfolio Balance $141,791,657 $138,043,925 ($3,747,732) End of month General Fund Balance $20,734,520 $5,836,625 ($14,897,895) Earned Interest Yield Average 2.43% 2.47% 0.04% Average Maturity( in days) 519 534 15 End of Month Market Value $141,671,839 $138,039,736 ($3,632,103) End of month bank cash balance $3,379,167 $5,345,300 $1,966,133 Bond Proceeds Investments:* August September Inc./(Dec.) End of Month Bond Reserve Par Value $35,741,336 $40,111,444 $4,370,108 End of Month Bond Reserve Market Value $35,741,336 $40,109,803 $4,368,467 Deferred Compensation Investments:*" June September Inc./(Dec.) Participant Balances $63,929,934 $64,197,822 $267,888 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $187,500 $291,745 $104,245 Interest Earned Year to Date $187,500 $291,745 $104,245 Earned Interest Yield Year to Date 3.00% 2.47% -0.53% *Bond Proceeds Statements lag by one month. **Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. October % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $65,448,420 47% None 987 2.97% Local Agency Inv. Fund (LAIF) $39,362,587 29% $40 million 1 1.89% U.S. Treasury Notes -Coupon $8,976,255 6% None 771 2.96% Medium Term Notes $3,480,570 3% 20% 357 5.52% Disc. Commercial Paper $8,978,545 6% 25% 46 1.74% Disc. Federal Agy Issues $11,797,548 9% None 46 1.71% $138,043,925 100% City of HB Portfolio Management Portfolio Summary October 31, 2004 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 65,490,000.00 65,280,730.00 65,448,420.08 47.41 1,285 987 2.926 2.967 Local Agency Investment Funds 39,362,587.13 39,362,587.13 39,362,587.13 28.51 1 1 1.864 1.890 Treasury Securities-Coupon 9,000,000.00 9,061,740.00 8,976,255.21 6.50 958 771 2.918 2.958 Medium Term Notes 3,481,000.00 3,561,278.91 3,480,569.58 2.52 1,605 357 5.442 5.518 Commercial Paper Disc.-Amortizing 9,000,000.00 8,977,130.00 8,978,545.56 6.50 133 46 1.711 1.735 Federal Agency Disc.-Amortizing 11,825,000.00 11,796,270.00 11,797,547.57 8.55 124 46 1.686 1.710 138,158,587.13 138,039,736.04 138,043,925.13 100.00% 731 534 2.501 2.536 Investments Cash and Accrued Interest Accrued Interest at Purchase 12,377.71 12,377.71 Subtotal 12,377.71 12,377.71 Total Cash and Investments 138,158,587.13 138,052,113.75 138,056,302.84 731 534 2.501 2.536 Total Earnings October 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 291,745.17 291,745.17 Current Budget 187,500.00 187,500.00 2,250,000.00 Last Year Actual 216,637.30 216,637.30 2,983,793.86 Average Daily Balance 139i256,903.51 139,256,903.51 Effective Rate of Return 2.47% 2.47% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 15.2003. 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 provi d by Union Bank via Merrill Lynch and Interactive Data Corporation. z-6-oy S FR ID RI CITY TREASURER Reporting period 10/01/2004-10/31/2004 Portfolio CITY AP Run Date:11/12/2004-10:19 PM(PRF_PM1)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments October 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1,996,880.00 2.000,000.00 2.730 AAA 2.730 696 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 997,500.00 1,000,000.00 2.850 AAA 2.850 841 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 1.002,190.00 1,000,000.00 3.500 AAA 3.500 1,261 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,993,760.00 2,000,000.00 4.000 AAA 4.000 1,457 10/28/2008 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,985,000.00 2,000,000.00 3.020 AAA 3.020 1,253 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,975,620.00 2,000,000.00 2.400 AAA 2.400 865 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,973,760.00 2,000,000.00 2.270 AAA 2.270 813 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,994,380.00 2,000,000.00 3.320 AAA 3.320 1,365 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,970,000.00 2,000,000-00 2.900 AAA 2.900 1.366 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,850,000.00 1,850,000.00 4.000 AAA 4.000 1,428 09/29/2008 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,121,275.00 2,122,131.41 2.375 AAA 2.805 742 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 993,130.00 1.000,000.00 2.640 AAA 2.641 697 09/29/2006 31339YFL1 3198 Federal Home Loan Bank 12/18/2003 2,000,000.00 1,984,380.00 1.991,035.60 1.885 AAA 2.260 448 01/23/2006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,999,380.00 2,000,060.00 3.000 AAA 3.000 841 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,985,620.00 2,000,000.00 2.800 AAA 2.801 987 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,999,380.00 2,000,000.00 3.070 AAA 3.070 907 04/27/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,495,785.00 1,480,305.78 2.750 AAA 3.390 787 12/28/2006 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 2,002,500.00 2,000,000.00 3.260 AAA 3.260 1,061 09/28/2007 3133X8M33 3262 Federal Home Loan Bank 09/29/2004 2,000,000.00 1,997.500.00 2,000,000.00 2.250 AAA 2.250 1,057 09/24/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,979,780.00 2.000,000-00 3.000 AAA 3.000 1,359 07/22/2008 3128X1TF4. 3163 Federal Home Loan Mort Corp 07/23/2003 2.000,000.00 1,990,720.00 2,000,000.00 3.000 AAA 3.000 1,178 01/23/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1,000,000.00 999,090.00 1,000,000.00 2.625 AAA 2.625 606 06/30/2006 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,994,260.00 2,003,103.81 2.750 AAA 2.678 830 02/09/2007 3128X1 DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1.986,260.00 2.003,845.76 2.500 AAA 2.404 763 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,994,820.00 2,005,718.06 2.750 AAA 2.618 830 02/09/2007 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 2,015,860.00 2,000,000.00 3.560 AAA 3.560 1,271 04/25/2008 3136171KV1 3064 Fed.Nat'l Mort.Assoc. 02114/2002 1,000,000.00 1.007,190.00 1,000,000.00 5.010 AAA 5.010 835 02/14/2007 3136171 WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,012,810.00 1,000,000.00 5.350 AAA 5.350 892 04/12/2007 31359MSC8 3148 Fed.Nat'l Mort.Assoc. 06/04/2003 2,000,000.00 1,998,760.00 1,997,126.67 2.000 AAA 2.042 1,311 06/04/2008 3136F3VT0 3193 Fed.Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 1,981,880.00 1,986,942.51 2.100 AAA 2.510 602 06/26/2006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 2,000,000.00 2,000,000.00 3.000 AAA 3.000 788 12/29/2006 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 03/22/2004 2,000,000.00 2,001,260.00 2,008,210.48 2.750 AAA 2.510 648 08/11/2006 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,997,500.00 2.000.000.00 3.610 AAA 3.610 1,610 03/30/2009 3136F6CK3 3253 Fed.Nat'l Mort.Assoc. 09/30/2004 2,000,000.00 1,998,120.00 2,000,000.00 2.320 AAA 2.320 333 09/30/2005 3136F6EY1 3258 Fed.Nat'l Mort.Assoc. 10/12/2004 2,000,000.00 1,999,380.00 2,000.000.00 2.125 AAA 2.124 618 07/12/2006 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 2,005.000.00 2,000,000.00 4.250 AAA 4.250 1,793 09/29/2009 Portfolio CITY AP Run Date:11/122004-10:19 PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments October 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Subtotal and Average 65,060,404.39 65,490,000.00 65,280,730.00 65,448,420.08 2.967 987 Local Agency Investment Funds SYS982 982 Lail City 19,583,133.38 19,583,133.38 19,583,133.38 1.890 NR 1.890 1 SYS2206 2206 LAIF-Redevelopment Agency 19,779,453.75 19,779,453.75 19,779.453.75 1.890 NR 1.890 1 Subtotal and Average 36,786,587.02 39,362,587.13 39,362,587.13 39,362,587.13 1.890 1 Treasury Securities-Coupon 91282813,18 3175 US Treasury Bill 09/02/2003 1,000,000.00 998,440.00 1,000,000.00 2.000 AAA 2.000 303 08/31/2005 912828CF5 3234 US Treasury Bill 05/12/2004 2,000,000.00 1,995,860.00 1,990,393.24 2.250 AAA 2.580 545 04/30/2006 912828CG3 3235 US Treasury Bill 05/17i2004 2,000,000.00 2,020,320.00 1,996.397.85 3.125 AAA 3.195 925 05/15/2007 912828ANO 3244 US Treasury Bill 06/10/2004 2,000,000.00 2,010,320.00 1,972,894.55 3.000 AAA 3.473 1,109 11/15/2007 9128277F3 3246 US Treasury Bill 06/14/2004 2,000,000.00 2,036,800.00 2,016,569.57 3.500 AAA 3.068 744 11/15/2006 Subtotal and Average 8,975,899.83 9,000,000.00 9,061,740.00 8,976,255.21 2.958 771 Medium Term Notes 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,060.00 1,004,000.00 1,002,690.81 2.850 Aaa 2.590 395 12/01/2005 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 498,368.91 478,601.86 6.250 Aa 6.800 395 12/01/2005 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,014,270.00 999,865.56 7.500 Aa 7.559 102 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,044,640.00 999,411.35 5.750 Aa 5.799 555 05/10/2006 Subtotal and Average 3,480,546.19 3,481,000.00 3,561,278.91 3,480,569.58 5.518 357 Commercial Paper Disc.-Amortizing 1730EOLN3 3250 Citigroup Global 08/16/2004 2,000,000.00 1,997,860.00 1,998,086.67 1.640 P-1 1.670 21 11/22/2004 17307JNQ1 3256 Citigroup Global 09/22/2004 2,000,000.00 1,990,620.00 1,991,133.33 1.900 P-1 1.939 84 01/24/2005 36959HLF2 3239 General Electric Capital Corp 05/21/2004 2,000,000.00 1,998,620.00 1,998,856.67 1.470 P-1 1.501 14 11/15/2004 36959HL47 3240 General Electric Capital Corp 06/03/2004 1,000,000.00 999,850.00 999,880.00 1.440 P-1 1.469 3 11/04/2004 90262CNU7 3261 UBS Finance Delaware LLC 09/28/2004 2,000,000.00 1,990,180.00 1,990,588.89 1.925 P-1 1.965 88 01/28/2005 Subtotal and Average 10,326,489.51 9,000,000.00 8,977,130.00 8,978,545.56 1.735 46 Federal Agency Disc.-Amortizing - 313384Q77 3252 Federal Home Loan Bank 08/20/2004 2,000,000.00 1,997,800.00 1,997,981.11 1.580 AAA 1.609 23 11/24/2004 313396R54 3251 Federal Home Loan Mort Corp 08/20/2004 2,000,000.00 1,997.200.00 1,997,422.22 1.600 AAA 1.630 29 11/30/2004 313397AT8 3257 Federal Home Loan Mort Corp 09/22/2004 2,000,000.00 1,991,600.00 1,991,853.34 1.880 AAA 1.918 78 01/18/2005 313588N92 3241 Fed.Nat'l Mort.Assoc. 06/03/2004 1,825,000.00 1,824,270.00 1,824,347.56 1.430 AAA 1.459 9 11/10/2004 313588Q24 3249 Fed.Nat'l Mort.Assoc. 07/21/2004 2,000,000.00 1,998,200.00 1,998,420.00 1.580 AAA 1.610 18 11/19/2004 313589CF8 3260 Fed.Nat'l Mort.Assoc. 09/27/2004 2,000,000.00 1,987,200.00 1,987,523.34 1.970 AAA 2.014 114 02/23/2005 Portfolio CITY AP Run Date:11/122004-10:19 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page Portfolio Details - Investments October 31, 2004 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Subtotal and Average 14,626,976.57 11,825,000.00 11,796,270.00 11,797,547.57 1.710 46 Total and Average 139,256,903.51 138,158,587.13 138,039,736.04 138,043,925.13 2.536 534 Portfolio CITY AP Run Date:11/1212004-10:19 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 5 Portfolio Details -Cash October 31, 2004 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 12,377.71 12,377.71 0 Subtotal 12,377.71 12.377.71 Total Cash andlnvestmentss 139,256,903.51 138,158,587.13 138,052,113.75 138,056,302.84 2.536 534 Portfolio CITY AP Run Date:11/12/2004-10:19 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management page 6 Activity By Type October 1, 2004 through October 31, 2004 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331 SCQ4 3263 Federal Farm Credit Bank 4.000 10/28/2004 2,000,000.00 0.00 3133X6WP7 3232 Federal Home Loan Bank 3.080 10/29/2004 0.00 2,000,000.00 3133X8K50 3254 Federal Home Loan Bank 3.150 10/29/2004 0.00 2,000,000.00 3128X31D91 3264 Federal Home Loan Mort Corp 3.560 10/25/2004 2,000,000.00 0.00 3136F6EY1 3258 Fed.Nat'l Mort.Assoc. 2.125 10/12/2004 2,000,000.00 0.00 Subtotal 6,000,000.00 4,000,000.00 65,448,420.08 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.890 5,584,075.34 6,000,000.00 SYS2206 2206 LAIF-Redevelopment Agency 1.890 3,080,639.20 2,450,000.00 Subtotal 8,664,714.54 8,450,000.00 39,362,587.13 Treasury Securities-Coupon Subtotal 8,976,255.21 Medium Term Notes Subtotal 3,480,569.58 Commercial Paper Disc.-Amortizing 36959HKN6 3237 General Electric Capital Corp 1.370 10/22/2004 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 8,978,545.56 Federal Agency Disc.-Amortizing 313396M26 3233 Federal Home Loan Mort Corp 1.210 10/26/2004 0.00 2,000,000.00 3135881-45 3231 Fed.Nat'l Mort.Assoc. 1.200 10/20/2004 0.00 2,000,000.00 Subtotal 0.00 4,000,000.00 11,797,547.57 Total 14,664,714.54 18,450,000.00 138,043,925.13 Portfolio CITY AP Run Date:11/12/2004-10:19 PM(PRF_PM3)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary October 2003 through October 2004 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity October 2003 45 99,211,462.32 2.721 2.759 1.596 2 4 858 640 November 2003 40 95,493,138.52 2.852 2.891 1.572 2 7 948 718 December 2003 54 107,494,036.71 2.585 2.621 1.545 18 4 847 668 January 2004 54 118,480,571.63 2.474 2.509 1.528 2 2 785 595 February 2004 53 119,578,552.03 2.431 2.465 1.440 7 8 783 596 March 2004 50 116,721,608.70 2.270 2.302 1.474 11 14 722 567 April 2004 56 120,387,371.15 2.233 2.264 1.445 8 2 701 549 May 2004 57 133,674,753.55 2.253 2.284 1.426 6 5 711 558 June 2004 60 138,062,935.51 2.298 2.330 1.469 7 4 724 570 July 2004 59 139,103,226.48 2.331 2.363 1.604 3 4 716 549 August 2004 58 135,009,078.33 2.375 2.408 1.672 3 4 716 533 September 2004 60 134,956,827.79 2.405 2.438 1.771 9 7 699 519 October 2004 58 139,256,903.51 2.501 2.536 1.890 3 5 731 534 Average 54 122,902,486.34 2.441% 2.475% 1.572 6 5 765 584 Portfolio CITY AP Run Date:11/12/2004-10:19 PM(PRF_PM4)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type October 2003 through October 2004 October November December January February March April May June July August September October Average Security Type 2003 2003 2003 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing - Federal Agency Issues-Coupon 44.6 50.4 50.0 46.1 49.1 45.2 44.7 44.1 43.9 43.5 43.5 44.8 47.4 45.9% Local Agency Investment Funds 34.3 38.5 31.0 31.9 32.3 32.3 30.3 29.7 28.2 28.5 28.1 27.6 28.5 30.9% Treasury Securities-Coupon 1.0 1.1 0.9 0.8 0.8 0.8 0.8 3.7 6.4 6.6 6.7 6.3 6.5 3.3% Medium Term Notes 6.4 5.8 4.7 4.6 3.8 3.8 3.4 3.3 2.5 2.6 2.6 2.5 2.5 3.7% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 11.8 4.3 8.5 11.7 10.9 12.9 10.2 8.9 7.8 5.8 5.9 7.7 6.5 8.7% Federal Agency Disc.-Amortizing 2.0 5.0 4.9 3.2 5.0 10.6 10.4 11.3 13.0 13.2 11.1 8.6 7.6% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:11/12/2004.10:19 PM(PRF_PM5)SyrnRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 09/30/04 Carrying COSt5PI6S Description; Accrued interest Puirch ..; Amortized Gost Fair Value Accrued Inter t United States Treasury: Bills $ 2,464,369,013.88 $ 2,475,337,125.00 $ 2,474,707,600.00 NA Notes $ 4,608,280,081.14 $ 4,607,596,230.27 $ 4,590,096,500.00 $ 45,541,393.75 Federal Agency: SBA $ 575,098,621.97 $ 575,037,316.15 $ 567,821,764.13 $ 1,552,692.41 MBS $ 351,156,251.30 $ 351,156,251.30 $ 344,554,681.37 $ 1,577,770.68 Bonds $ 4,277,978,304.40 $ 4,277,199,797.46 $ 4,260,534,504.60 $ 37,561,937.57 Floaters $ - $ - $ - $ - Discount Notes $ 8,966,695,867.01 $ 9,010,215,328.52 $ 9,005,977,286.70 NA FHLMC PC $ 2,905,913.97 $ 2,905,913.97 $ 3,155,611.86 $ 46,766.52 GNMA $ 403,634.31 $ 403,634.31 $ 461,506.86 $ 3,982.95 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 200,000,000.00 $ 200,000,000.00 $ 199,774,537.00 $ 1,217,000.00 CDs $ 7,840,048,138.37 $ 7,840,048,138.37 $ 7,834,879,644.20 $ 32,650,066.73 Commercial Paper $ 7,849,364,864.67 $ 7,866,529,629.38 $ 7,864,407,760.83 NA Corporate: Floaters $ 137,588,934.36 $ 137,588,934.36 $ 137,466,061.30 $ 276,913.24 Bonds $ 1,502,139,782.93 $ 1,501,421,489.45 $ 1,497,469,642.99 $ 20,381,158.08 Repurchase Agreements $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 6,225,295,000.00 $ 6,225,295,000.00 $ 6,225,295,000.00 NA AB 55&GF Loans $ 5,700,134,314.11 $ 5,700,134,314.11 $ 5,700,134,314.11 NA TOTAL $ 50,701,458,722.42 $ 50,770,869,102.65 1 $ 50,706,736,415.95 $ 140,809,681.93 Fair Value Including Accrued Interest $ 50,847,546,097.88 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(.998736821). 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$19,974,736.42 or$20,000,000.00 x .998736821. Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of September 30, 2004 Summary of investments by type Market Value Market Value Par Value Investment Type as of 8/31/04 as of 9/30/04 $19,704,747 Local Agency Investment Fund(LAIF) $20,304,748 $19,704,747 $7,589,000 Federal Agency Issues $0 $7,587,359 $8,190,455 Investment Agreements $9,428,677 $8,190,455 $4,296,754 Money Market Funds $5,677,422 $4,296,754 $330,488 US Treasury Securities $330,488 $330,488 $40,111,444 $35,741,336 $40,109,803 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 8/31/04 as of 9/30/04 $10,224,504 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $0 $10,222,863 $17,888,545 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $20,575,371 $17,888,545 $1,697,376 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,697,309 $1,697,376 $519,019 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $588,027 $519,019 $2,043,793 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $3,306,414 $2,043,793 $2,695,612 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,695,501 $2,695,612 $1,258,646 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,996,690 $1,258,646 $302,464 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,657 $302,464 $1,651,490 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $2,666,985 $1,651,490 $765,886 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $765,871 $765,886 $873,745 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $873,743 $873,745 $128,540 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $131,817 $128,540 $47,638 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $47,638 $47,638 $14,186 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $221,313 $14,186 $40,111,444 $35,741,336 $40,109,803 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2004 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (06-30-04) (09-30-04) ICMA Retirement Corporation (457 Plan) $18,104,649 $528,176 ($372,002) ($241,479) $34,880 $18,054,223 ICMA Retirement Corporation (401 Plan) $355,777 $21,143 $0 ($599) $0 $376,321 Nationwide Retirement Solutions (457 Plan) $45,451,976 $1,077,483 ($571,075) ($208,461) ($175) $45,749,747 Trust Deeds $17,532 $0 $0 $0 $0 $17,532 Total Deferred Compensation Plan Balances $63,929,934 $1,626,801 ($943,078) ($450,540) $34,705 $64,197,822 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA October Report c _ J $ 4 Shari L . Freidenrich , CPA, CCMT, CPFA December 20, 2004 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA October 2004 Investment Summary ( in millions) Financial Information: September October Inc./(Dec.) End of Month City Portfolio $141 .792 $138.044 ($3.748) End of. Month Market Value $141 .672 $138.040 ($3.632) Interest Earned for Month $0.266 $0.292 $0.026 Earned Interest Yield Year to Date 2.45% 2.47% 0.02% Average Maturity ( in days) 519 534 15 YTD Average Daily Balance $121'.517 $139.257 $17.740 Summary by Type: October % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $65.448 47% None 987 2.97% LAIF (State Pool) $39.363 29% $40 million 1 1 .89% U.S.Treasury Notes $8.976 6% None 771 2.96% Medium Term Notes $3.481 3% 20% 357 5.52% Discount Comm. Paper 0.978 6% 25% 46 1 .74% Discount Federal Agy $11 .798 9% None 46 1 .71 % Total $138.044 100% RCA ROUT ING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: October 2004 Investment Summary Report COUNCIL MEETING DATE: December 20, 2004 RCA ATTACHMYENTS.., -STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION„FOR MISSING ATTACHMENTS 3 ,; REVIEWED RETURNED FORWARDED; Administrative Staff Assistant City Administrator Initial City Administrator Initial 'rCity Clerk EXPLANATION FOR RETURN.r ITEM Only)(Below Space For City Clerk's Use RCA Author: slf � 6 T. L� Council/Agency Meeting Held: bzo: r Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied / City I rk's ignatur Council Meeting Date: 11/1/04 Department ID Number: CT05-01 ti c CITY OF HUNTINGTON BEACH o REQUEST FOR COUNCIL ACTION o SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS ' rn - ,, SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASURE-FOcn N v PREPARED BY: SHARI L. FREI DEN RICH, CITY TREASURE SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S SEPTEMBE_R 2004 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source, Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachments) Statement of Issue: Review and accept the Monthly Investment Report for September 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for September 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not applicable Environmental Status: Not applicable Attachment(s): City Clerk's Page Number No. Description 1 Monthly Investment Report and Summary of Investments for September 2004 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. 1 September 2004 PowerPoint Presentation Monthly Investment Report and Summary of Investments for September 2004 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for September, 2004 City Investment Portfolio: August September Inc./(Dec.) End of month City Portfolio Balance $134,412,827 $141,791,657 $7,378,830 End of month General Fund Balance $22,153,250 $20,734,520 ($1,418,730) Earned Interest Yield Average 2.37% 2.43% 0.06% Average Maturity ( in days) 533 519 -14 End of Month Market Value $134,458,374 $141,671,839 $7,213,465 End of month bank cash balance $5,528,860 $3,379,167 ($2,149,693) Bond Proceeds Investments:* July August Inc./(Dec.) End of Month Bond Reserve Par Value $39,420,310 $35,741,336 ($3,678,974) Deferred Compensation Investments:** March June Inc./(Dec.) Participant Balances $62,897,166 $63,929,934 $1,032,768 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $166,667 $269,213 $102,546 Interest Earned Year to Date $2,000,000 $2,980,568 $980,568 Earned Interest Yield Year to Date 2.22% 2.45% 0.23% *Bond Proceeds Statements lag by one month. **Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. September % of Total Policy Limit to Mat. Rate Federal Agency Issues -Coupon $63,446,455 45% None 997 2.95% Local Agency Inv. Fund (LAIF) $39,147,873 28% $40 million 1 1.77% U.S. Treasury Notes - Coupon $8,975,521 6% None 802 2.96% Medium Term Notes $3,480,519 2% 20% 388 5.52% Disc. Commercial Paper $10,963,764 8% 25% 67 1.67% Disc. Federal Agy Issues $15,777,525 11% None 63 1.59% $141,791,657 100% City of HB Portfolio Management Portfolio Summary September 30, 2004 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 63,490,000.00 63,169,596.90 63,446,455.51 44.75 1,280 997 2.911 2.951 Local Agency Investment Funds 39,147,872.59 39,147,872.59 39,147,872.59 27.61 1 1 1.747 1.771 Treasury Securities-Coupon 9,000,000.00 9,050,520.00 8,975,520.77 6.33 957 802 2.918 2.958 Medium Term Notes 3,481,000.00 3,569,199.38 3,480,519.58 2.45 1.605 388 5.442 5.518 Commercial Paper Disc.-Amortizing 11,000,000.00 10,961,500.00 10,963,763.61 7.73 137 67 1.651 1.673 Federal Agency Disc.-Amortizing 15,825,000.00 15,773,150.00 15,777,524.72 11.13 138 63 1.566 1.588 141,943,872.59 141,671,838.87 141,791,656.78 100.00% 699 519 2.405 2.438 Investments Cash and Accrued Interest Accrued Interest at Purchase 12,377.71 12,377.71 Subtotal 12,377.71 12,377.71 Total Cash and investments 141,943,872.59 141,684,216.58 141,804,034.49 699 519 2.405 2.438 Total Eamings September 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 269,213.35 2,980,567.58 2,980,567.58 Current Budget 166,667.00 2,000,000.00 2,000,000.00 Last Year Actual 240,538.00 3,330,314.47 3,330,314.47 Average Daily Balance 134,956,827.79 121,517,276.14 Effective Rate of Return 2.43% 2.45% I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 15,2003. 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. Marke�pro ' Union Bank via Merrill Lynch and Interactive Data Corporation. S F ID R H,CITY TREASURER Portfolio CITY AP Run Date:10/142004-11:22 PM(PRF_PM1)SyrnRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments September 30, 2004 Average Purchase - Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1,993,120.00 2,000,000.00 2.730 AAA 2.730 727 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000.000.00 995,630.00 1,000,000.00 2.850 AAA 2.850 872 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000.000.00 1,000,630.00 1,000,000.00 3.500 AAA 3.500 1,292 04/15/2008 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,977,500.00 2,000,000.00 3.020 AAA 3.020 1,284 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,970,620.00 2,000,000.00 2.400 AAA 2.400 896 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,968,760.00 2,000,000.00 2.270 AAA 2.270 844 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,987,500.00 2,000,000.00 3.320 AAA 3.320 1,396 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,960,000.00 2,000,000.00 2.900 AAA 2.900 1,397 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1.850,000.00 1,850,573.50 1,850,000.00 4.000 AAA 4.000 1,459 09/29/2008 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,116,588.40 2,121,399.09 2.375 AAA 2.805 773 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 990,940.00 1,000,000.00 2.640 AAA 2.641 728 09/29/2006 31339YFL1 3198 Federal Home Loan Bank 12/18/2003 2,000,000.00 1,983,120.00 1,990,427.15 1.885 AAA 2.260 479 01/23/2006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,996,880.00 2,000,000.00 3.000 AAA 3.000 872 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,981,260.00 2,000,000.00 2.800 AAA 2.801 1,018 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,996,880.00 2,000,000.00 3.070 AAA 3.070 938 04/27/2007 3133X6WP7 3232 Federal Home Loan Bank 04/29/2004 2,000,000.00 2,001,260.00 2,000,000.00 3.080 AAA 3.079 850 01/29/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,492,965.00 1,479,545.39 2.750 AAA 3.390 818 12/28/2006 3133XBK50 3254 Federal Home Loan Bank 09/29/2004 2,000,000.00 2,002,400.00 2,000,000.00 3.150 AAA 3.150 909 03/29/2007 3133X8QN5 3255 Federal Home Loan Bank 09/28/2004 2,000,000.00 1,999,380.00 2,000,000.00 3.260 AAA 3.260 1,092 09/28/2007 3133XBM33 3262 Federal Home Loan Bank 09/29/2004 2,000,000.00 1,998,760.00 2,000,000.00 2.250 AAA 2.250 1,088 09/24/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2.000,000.00 1,968,560.00 2,000,000.00 3.000 AAA 3.000 1,390 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,982,960.00 2,000,000.00 3.000 AAA 3.000 1,209 01/23/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1,000,000.00 998,390.00 1,000,000.00 2.625 AAA 2.625 637 06/30/2006 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2.000,000.00 1,990,460.00 2,003,217.64 2.750 AAA 2.678 861 02/09/2007 3128X1DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1,983,120.00 2,003,998.98 2.500 AAA 2.404 794 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,991.020.00 2,005,927.77 2.750 AAA 2.618 861 02/09/2007 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1.000,000.00 1,010,000.00 1,000,000.00 5.010 AAA 5.010 866 02/14/2007 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,015,940.00 1,000,000.00 5.350 AAA 5.350 923 04/12/2007 31359MSC8 3148 Fed.Nat'l Mort.Assoc. 06/04/2003 2,000,000.00 1,988,760.00 1,997,060.00 2.000 AAA 2.042 1,342 06/04/2008 3136F3VT0 3193 Fed.Nat'I Mort.Assoc. 12/11/2003 2,000,000.00 1,980,000.00 1,986,284.15 2.100 AAA 2.510 633 06/26/2006 3136FQ54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 2,000,620.00 2,000,000.00 3.000 AAA 3.000 819 12/29/2006 31359MSV6 3221 Fed.Nat?Mort.Assoc. 03/22/2004 2,000,000.00 2,000,620.00 2,008,595.34 2.750 AAA 2.510 679 08/11/2006 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,989,380.00 2,000,000.00 3.610 AAA 3.610 1,641 03/30/2009 3136FCK3 3253 Fed.Nat'l Mort.Assoc. 09/08/2004 2,000,000.00 1,998,120.00 2,000,000.00 2.320 AAA 2.319 364 09/30/2005 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000.000.00 2,006,880.00 2,000,000.00 4.250 AAA 4.250 1,824 09/29/2009 Subtotal and Average 57,912,172.64 63,490,000.00 63,169,596.90 63,446,455.51 2.951 997 Portfolio CITY AP Run Date:10/142004-11:22 PM(PRF_PW)SymRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments September 30, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Local Agency Investment Funds SYS982 982 Lail City 19,999,058.04 19,999,058.04 19,999,058.04 1.771 NR 1.771 1 SYS2206 2206 LAIF-Redevelopment Agency 19,148,814.55 19,148,814.55 19,148,814.55 1.771 NR 1.771 1 Subtotal and Average 39,252,872.59 39,147,872.59 39,147,872.59 39,147,872.59 1.771 1 Treasury Securities-Coupon 912828BJ8 3175 US Treasury Bill 09/02/2003 1,000,000.00 998.480.00 1,000,000.00 2.000 AAA 2.000 334 08/31/2005 912828CF5 3234 US Treasury Bill 05/12/2004 2,000,000.00 1,994.220.00 1,989,846.80 2.250 AAA 2.580 576 04/30/2006 912828CG3 3235 US Treasury Bill 05/17/2004 2,000,000.00 2,016,880.00 1,996,277.13 3.125 AAA 3.195 956 05/15/2007 912828ANO 3244 US Treasury Bill 06/10/2004 2,000,000.00 2,005,860.00 1,972,136.87 3.000 AAA 3.473 1,140 11/15/2007 9128277F3 3246 US Treasury Bill 06/14/2004 2,000,000.00 2,035,080.00 2,017.259.97 3.500 AAA 3.068 775 11/15/2006 Subtotal and Average 8,975,177.24 9,000,000.00 9,050,520.00 8,975,520.77 2.958 802 Medium Term Notes 02687QBB3 3129 American Intl Group(AIG) 01/06/2003 1,000,000.00 1,005,500.00 1,002,897.80 2.850 Aaa 2.590 426 12/01/2005 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 499,749.38 478,417.38 6.250 Aa 6.800 426 12/01/2005 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,018,700.00 999,825.22 7.500 Aa 7.559 133 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,045,250.00 999,379.18 5.750 Aa 5.799 586 05/10/2006 Subtotal and Average 3,480,495.43 3,481,000.00 3,569,199.38 3,480,519.58 5.518 388 Commercial Paper Disc.-Amortizing 1730EOLN3 3250 Citigroup Global 08/16/2004 2,000,000.00 1,994,780.00 1,995,262.22 1.640 Aa 1.670 52 11/22/2004 17307JNQ1 3256 Citigroup Global 09/22/2004 2,000,000.00 1,987,660.00 1,987,861.11 1.900 Aa 1.939 115 01/24/2005 36959HKN6 3237 General Electric Capital Corp 05/21/2004 2,000,000.00 1,997,940.00 1,998,401.67 1.370 Aaa 1.397 21 10/22/2004 36959HLF2 3239 General Electric Capital Corp 05/21/2004 2,000,000.00 1,995,560.00 1,996,325.00 1.470 Aaa 1.501 45 11/15/2004 36959HL47 3240 General Electic Capital Corp 06/03/2004 1,000,000.00 998.320.00 998,640.00 1.440 Aaa 1.469 34 11/04/2004 90262CNU7 3261 UBS Finance Delaware LLC 09/28/2004 2,000,000.00 1,987,240.00 1,987,273.61 1.925 Aa 1.965 119 01/28/2005 Subtotal and Average 8,745,521.18 11,000,000.00 10,961,500.00 10,963,763.61 1.673 67 Federal Agency Disc.-Amortizing 313384077 3252 Federal Home Loan Bank 08/20/2004 2,000,000.00 1,994,600.00 1,995.260.00 1.580 AAA 1.609 54 11/24/2004 313396M26 3233 Federal Home Loan Mort Corp 04/28/2004 2,000,000.00 1,997,600.00 1,998,319.44 1.210 AAA 1.234 25 10/26/2004 313396R54 3251 Federal Home Loan Mort Corp 08/20/2004 2,000,000.00 1,994,000.00 1,994,666.66 1.600 AAA 1.630 60 11/30/2004 313397AT8 3257 Federal Home Loan Mort Corp 09/22/2004 2,000,000.00 1,988,200.00 1,988,615.56 1.880 AAA 1.918 109 01/18/2005 3135881-45 3231 Fed.Nat?Mort.Assoc. 04/26/2004 2,000,000.00 1,998,200.00 1,998,733.33 1.200 AAA 1.224 19 10/20/2004 313588N92 3241 Fed.Narl Mort.Assoc. 06/03/2004 1,825,000.00 1,821,350.00 1,822,100.28 1.430 AAA 1.459 40 11/10/2004 313588Q24 3249 Fed.Nafl Mort.Assoc. 07/21/2004 2,000,000.00 1,995,000.00 1,995,698.89 1.580 AAA 1.610 49 11/19/2004 Portfolio CITY AP Run Date:10/142004-11:22 PM(PRF_PM2)SymRept 6.40.118 City of HB Portfolio Management Page 4 Portfolio Details - Investments September 30, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Disc.-Amortizing 313589CF8 3260 Fed.Nat'l Mort.Assoc. 09/27/2004 2,000,000.00 1,984,200.00 1,984,130.56 1.970 AAA 2.014 145 02/23/2005 Subtotal and Average 16,590,588.71 15,825,000.00 15,773,150.00 15,777,524.72 1.588 63 Total and Average 134,956,827.79 141,943,872.59 141,671,838.87 141,791,656.78 2.438 519 Portfolio CITY AP Run Date:10/14/2004-11:22 PM(PRF_PM2)SymRept 6.40.116 City of 1-113 Portfolio Management Page 5 Portfolio Details -Cash September 30, 2004 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 12,377.71 12,377.71 0 Subtotal 12,377.71 12,377.71 Total Cash and Investmentss 134,956,827.79 141,943,872.59 141,684,216.58 141,804,034.49 2.438 519 Portfolio CITY AP Run Date:10/14/2004-11:22 PM(PRF_PM2)SyrnRept 6.40.118 City of HB Portfolio Management Page s Activity By Type September 1, 2004 through September 30, 2004 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133XBK50 3254 Federal Home Loan Bank 3.150 09/29/2004 2,000,000.00 0.00 3133X8QN5 3255 Federal Home Loan Bank 3.260 09/28/2004 2,000,000.00 0.00 3133X8M33 3262 Federal Home Loan Bank 2.250 09/29/2004 2,000,000.00 0.00 3128X1E45 3173 Federal Home Loan Mort Corp 4.300 09/03/2004 0.00 1,000,000.00 3128X3MZ3 3243 Federal Home Loan Mort Corp 4.250 09/28/2004 0.00 2,000,000.00 3136F4CJ1 3171 Fed.Nat'l Mort.Assoc. 4.200 09/08/2004 0.00 2,000,000.00 3136FCK3 3253 Fed.Nat1 Mort.Assoc. 2.320 09/08/2004 2,000,000.00 0.00 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 4.250 09/29/2004 2,000,000.00 0.00 Subtotal 10,000,000.00 5,000,000.00 63,446,455.51 Local Agency Investment Funds (Monthly Summary) SYS2206 2206 LAIF-Redevelopment Agency 1.771 5,650,000.00 4,250,000.00 Subtotal 5,650,000.00 4,250,000.00 39,147,872.59 Treasury Securities-Coupon Subtotal 8,975,520.77 Medium Term Notes Subtotal 3,480,519.58 Commercial Paper Disc.-Amortizing 17307JNQ1 3256 Citigroup Global 1.900 09/22/2004 1,986,911.11 0.00 36959HJW8 3247 General Electric Capital Corp 1.420 09/30/2004 0.00 1,000,000.00 90262CNU7 3261 UBS Finance Delaware LLC 1.925 09/28/2004 1,986,952.78 0.00 Subtotal 3,973,863.89 1,000,000.00 10,963,763.61 Federal Agency Disc.-Amortizing 3133961-122 3242 Federal Home Loan Mort Corp 1.275 09/24/2004 0.00 2,000,000.00 3133961-189 3248 Federal Home Loan Mort Corp 1.390 09/30/2004 0.00 2,000,000.00 313397ATB 3257 Federal Home Loan Mort Corp 1.880 09/22/2004 1,987,675.56 0.00 313588F26 3228 Fed.Nat'l Mort.Assoc. 1.080 09/08/2004 0.00 2,000,000.00 313589CF8 3260 Fed.Nat'l Mort.Assoc. 1.970 09/27/2004 1,983,692.78 0.00 Subtotal 3,971,368.34 6,000,000.00 15,777,524.72 Total 23,595,232.23 16,250,000.00 141,791,656.78 Portfolio CITY AP Run Date:10/14/2004-11:22 PM(PRF_PM3)SyrnRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary September 2003 through September 2004 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity September 2003 47 105,317,339.67 2.671 2.708 1.635 10 9 832 632 October 2003 45 99,211,462.32 2.721 2.759 1.596 2 4 858 640 November 2003 40 95,493,138.52 2.852 2.891 1.572 2 7 948 718 December 2003 54 107,494,036.71 2.585 2.621 1.545 18 4 847 66a January 2004 54 118,480,571.63 2.474 2.509 1.528 2 2 785 59, February 2004 53 119,578,552.03 2.431 2.465 1.440 7 8 783 596 March 2004 50 116,721,608.70 2.270 2.302 1.474 11 14 722 567 April 2004 56 120,387,371.15 2.233 2.264 1.445 8 2 701 549 May 2004 57 133,674,753.55 2.253 2.284 1.426 6 5 711 558 June 2004 60 138,062,935.51 2.298 2.330 1.469 7 4 724 570 July 2004 59 139,103,226.48 2.331 2.363 1.604 3 4 716 549 August 2004 58 135,009,078.33 2.375 2.408 1.672 3 4 716 533 September 2004 60 134,956,827.79 2.405 2.438 1.771 9 7 699 519 Average 53 120,290,008.23 2.454% 2.488% 1.552 7 6 772 592 Portfolio CITY AP Run Date:10/142004-11:22 PM(PRF_PM4)SymRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type September 2003 through September 2004 September October November December January February March April May June July August September Average Security Type 2003 2003 2003 2003 2004 2004 2004 2004 2004 2004 2004 2004 2004 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 42.9 44.6 50.4 50.0 46.1 49.1 45.2 44.7 44.1 43.9 43.5 43.5 44.8 45.6% Local Agency Investment Funds 33.0 34.3 38.5 31.0 31.9 32.3 32.3 30.3 29.7 28.2 28.5 28.1 27.6 31 Treasury Securities-Coupon 1.0 1.0 1.1 0.9 0.8 0.8 0.8 0.8 3.7 6.4 6.6 6.7 6.3 2.(- Medium Term Notes 6.2 6.4 5.8 4.7 4.6 3.8 3.8 3.4 3.3 2.5 2.6 2.6 2.5 4.0% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing _. _... . _ ..... __ ... ......_ . ......._ ..... .. ....... Commercial Paper Disc.-Amortizing 15.2 11.8 4.3 8.5 11.7 10.9 12.9 10.2 8.9 7.8 5.8 5.9 7.7 9.4% . ........... _....... . - ._...... _ _ ....... .. _.. _._ . ___..._....._. .... ..........__. . Federal Agency Disc.Amortizing 1.9 2.0 5.0 4.9 3.2 5.0 10.6 10.4 11.3 13.0 13.2 11.1 7.0% Treasury Discounts-Amortizing ._.. ._ ._... .....- __ _ _.. ._....... _..... Miscellaneous Discounts-Amortizing ......... Rolling Repurchase Agreements Portfolio CITY AP Run Date:10/14/2004-11:22 PM(PRF_PM5)SyrnRept 6.40.118 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 09/30/04 r✓ wa air gig ' -ri -r r�¢' ./r,- Dr^ h"Sr' ri£s v 5 ,re* T,�✓ , �y✓�' .c 'su"3- i9`f ✓a,, �1 �i $ l lily$ ✓"s�,_ �., 53,�S �'�.% "�' .43 � �rax4� � ✓� �r � ✓y,sue 3 ,z'Y✓ � � v � ..� '"�� ;S��r� / __3�'�n,�f' FX /sue �' �'ied".t �i✓ »�' .: ✓�,r � � ✓ it f s� � ��s i p ✓ .1 , /y yi .yam -�� ✓ h r�; ✓ r✓ 9� . ✓s P��g � rli v .�� ,�cc q ♦. nte�restsu,�uf�ch.��Amt>�ed G`os� ✓� >E=a r -alu+a �� !�" h"r�tert United States Treasury: Bills $ 2,464,369,013.88 $ 2,475,337,125.00 $ 2,474,707,600.00 NA Notes $ 4,608,280,081.14 $ 4,607,596,230.27 $ 4,590,096,500.00 $ 45,541,393.75 Federal Agency: SBA $ 575,098,621.97 $ 575,037,316.15 $ 567,821,764.13 $ 1,552,692.41 MBS $ 351,156,251.30 $ 351,156,251.30 $ 344,554,681.37 $ 1,577,770.68 Bonds $ 4,277,978,304.40 $ 4,277,199,797.46 $ 4,260,534,504.60 $ 37,561,937.57 Floaters $ - $ - $ - $ - Discount Notes $ 8,966,695,867.01 $ 9,010,215,328.52 $ 9,005,977,286.70 NA FHLMC PC $ 2,905,913.97 $ 2,905,913.97 $ 3,155,611.86 $ 46,766.52 GNMA $ 403,634.31 $ 403,634.31 $ 461,506.86 $ 3,982.95 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 200,000,000.00 $ 200,000,000.00 $ 199,774,537.00 $ 1,217,000.00 CDs $ 7,840,048,138.37 $ 7,840,048,138.37 $ 7,834,879,644.20 $ 32,650,066.73 Commercial Paper $ 7,849,364,864.67 $ 7,866,529,629.38 $ 7,864,407,760.83 NA Corporate: Floaters $ 137,588,934,36 $ 137,588,934.36 $ 137,466,061.30 $ 276,913.24 Bonds $ 1,502,139,782.93 $ 1,501,421,489.45 $ 1,497,469,642.99 $ 20,381,158.08 Repurchase Agreement $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 6,225,295,000.00 $ 6,225,295,000.00 $ 6,225,295,000.00 NA AB 55&GF Loans $ 5,700,134,314.11 $ 5,700,134,314.11 $ 5,700,134,314.11 NA TOTAL $ 50,701,458,722.42 $ 50,770,869,102.65 $ 50,706,736,415.95 $ 140,809,681.93 Fair Value Including Accrued Interest $ 50,847,546,097.88 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(.998736821). 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$19,974,736.42 or$20,000,000.00 x .998736821. Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of August 31, 2004 Summary of investments by type Market Value Market Value Par Value Investment Type as of 7/31/04 as of 8/31/04 $20,304,748 Local Agency Investment Fund(LAIF) $20,869,940 $20,304,748 $9,428,677 Investment Agreements $9,428,677 $9,428,677 $5,677,422 Money Market Funds $8,791,205 $5,677,422 $330,488 US Treasury Securities $330,488 $330,4RB $35,741,336 $39,420,310 $35,741,336 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 7/31/04 as of 8/31/04 $20,575,371 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $22,938,297 $20,575,371 $1,697,309 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $2,876,920 $1,697,309 $588,027 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $589,997 $588,027 $3,306,414 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,670,389 $3,306,414 $2,695,501 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $4,772,142 $2,695,501 $1,996,690 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,293,318 $1,996,60^ $174,657 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,656 $174,C $2,666,985 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,649,630 $2,666,985 $765,871 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $1,291,923 $765,871 $873,743 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $873,742 $873,743 $131,817 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $127,779 $131,817 $47,638 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $47,622 $47,638 $221,313 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $113,896 $221,313 $35,741,336 $39,420,310 $35,741,336 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Infonnation as of June 30, 2004 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (03-31-04) (06-30-04) ICMA Retirement Corporation (457 Plan) $18,085,899 $380,257 ($440,007) $72,059 $6,442 $18,104,649 ICMA Retirement Corporation (401 Plan) $335,730 $17,898 $0 $2,149 $0 $355,777 Nationwide Retirement Solutions (457 Plan) $44,457,991 $1,064,976 ($519,614) $448,822 ($200) $45,451,976 Trust Deeds $17,532 $0 $0 $0 $0 $17,532 Total Deferred Compensation Plan Balances $62,897,152 $1,463,131 ($959,621) $523,030 $6,242 $63,929,934 2004 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA TREASURER' S Shari L . Freidenrich , CPA, CCMT , CPFA November 1 , 2004 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Objectives • Safety • Liquidity • Yield Slide 2 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA First Objective - Safety Investments Percentages By Quality Ratings Not Rated a AAA 27% F 71 �^1 AA 2% Slide 3 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Percentages By Type of Investment Federal Agencies o Commercial 4 Paper 4 8% 1� iD -7 m 5 Y Y Fed. Agcy p Discount 11% Treasury Sec. LAIF 6% Medium Term 28% Notes - 2% Slide 4 i Treasurer's Report - Shari L. Freiden-rich, CPA, CCMT, CPFA i Investment Balances Trends Annualized Average Daily Portfolio Balance (in millions) $130 $120N $110 ' $100 " w $90OW ,.9 Sep-00 Sep-01 Sep-02 Sep-03 Sep-04 Slide 5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Second Objective - Liquidity Investment Maturities by Days, Ending September 2003/2004 33 /o3tJys:. �g 27% 26% ° a 5 30 /° 20°/ 21 °/o y, , o .:... r 20% u 2r.3 12% 20/ ,y 0 s � , ° 2 3 r. Or 10 /0 1 % ° ° ' x�� 3 /° t� 0 /0 2% 1% 10% 20% 2% 12% 2003 2004 Slide 6 i i Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months ,P7 ' •e V �.�s �. a k�'�- �Ii n ¢< e, tt�en $111692,553 $1270007000 $%00090000 $6,000,000 '. r , ;. $37000,000 z $0AQU A „ ($3 000 000) ($6,000,000) �-�yy ($9,000,000) $6,5581636) ($6,904,332) ($7,66 6,328) $ ,6 478 174)rt($12,000,000) Oct-04 Nov-04 Dec-04 Jan-05 Feb-05 Mar-05 Slide 7 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Third Objective - Yield s on Portfolio Annual Interest Earnings_ g $890009000 tea. $69000,000 $9810000 ver Budge $490009000 X` �t $290009000 $0 Sep-00 Sep-01 Sep-02 Sep-03 Sep-04 Slide 8 i Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA n Yields Investme t Trends 8.00% 0 6.31 % 7.00% 5.94 /o 5.95% 6.00°/ ° 4.44% 5.00% ° ° 3.56 /o 3.17 /o 4.00% ° 2.74% 2.44% 1 .6 01 5% 1 .95% 2 00% } 1 .00% 0.00 /o w Sep-00 Sep-01 Sep-02 Sep-03 Sep-04 Slide 9 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Summaryof Investment by CityFund September 30, 2004 $190319403 �f 13 054 368 $20,734,520WIN yD h �• - x .. $2733739820 j s e s a�. ` I"YMce In is�ris c s\ 1 rrternal Service FldUcllrY aE] Q ecr61 Revenue $64,510,607 $1894179833 Slide 10 ($1331 797) RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: September 2004 Investment Summary Report COUNCIL MEETING DATE: November 1 , 2004 RCAATTACHM-ENTS :STATUS = Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attome Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attome Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement Unbudget, over$5,000 Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report If applicable Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable . EXPLANATIONaFOR MISSING ATTACHM,ENTS� . .= -. . ., PREVIEWED RET;URNEDF -FORWARDED: Administrative Staff Assistant City Administrator Initial City Administrator Initial City Clerk rEXPLANATI0N-,FQW ETURN,IOF ITEM .. _ '.-..-._ §...... .-} -.. ,. (Belowp. For Only) RCA Author: sif Council/Agency Meeting Held: 0 Deferred/Continued to: �(Approved ❑ Conditionally Approved ❑ Denied Ci lerk' Sign u e Council Meeting Date: 10/18/04 Department Number: CT04-17 N r CITY OF HUNTINGTON BEACH _ REQUEST FOR COUNCIL ACTION -_ i G_a SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS J ;BCD:— Y; n � 17 SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASUREO o v PREPARED BY: SHARI L. FREIDENRICH, CITY TREASUR;5!�� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S AUGUST 2004 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for August 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable Recommended Action: Review and accept the Monthly Investment Report. ' Following review of the report by motion of Council, accept the Monthly Investment Report for August 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not applicable Environmental Status: Not applicable Attachment(s): City Clerk's Page Number No. Description € �KAI1 Monthly Investment Report and Summary of Investments for August 2004 X y m 2. Schedule of Bond Investments z 3. Deferred Compensation Plan Summary Information 4. August 2004 PowerPoint Presentation . . �a Monthly Investment Report and Summary of Investments for August 2004 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for August, 2004 City Investment Portfolio: July August Inc./(Dec.) End of month City Portfolio Balance $136,657,750 $134,412,827 ($2,244,923) End of month General Fund Balance $24,692,705 $22,153,250 ($2,539,455) Earned Interest Yield Average 2.36% 2.37% 0.01% Average Maturity ( in days) 549 533 -16 End of Month Market Value $136,162,726 $134,458,374 ($1,704,352) End of month bank cash balance $4,940,048 $5,528,860 $588,812 Bond Proceeds Investments:* June July Inc./(Dec.) End of Month Bond Reserve Par Value $12,737,738 $16,482,013 $3,744,275 Deferred Compensation Investments:** March June Inc./(Dec.) Participant Balances $62,897,166 $63,929,934 $1,032,768 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $166,667 $272,117 $105,450 Interest Earned Year to Date $1,833,333 $2,711,354 $878,021 Earned Interest Yield Year to Date 2.22% 2.45% 0.23% *Bond Proceeds Statements lag by one month. **Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. August % of Total Policy Limit to Mat. Rate Federal Agency Issues- Coupon $58,444,491 43% None 1046 3.05% Local Agency Inv. Fund (LAIF) $37,747,873 28% $40 million 1 1.67% U.S. Treasury Notes-Coupon $8,974,810 7% None 832 2.96% Medium Term Notes $3,480,470 3% 20% 418 5.52% Disc. Commercial Paper $7,978,818 6% 25% 64 1.51% Disc. Federal Agy Issues $17,786,365 13% None 54 1.40% $134,412,827 100% City of HB Portfolio Management Portfolio Summary August 31, 2004 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 58,490,000.00 58,286,644.20 58,444,490.96 43.48 1,345 1,046 3.004 3.045 Local Agency Investment Funds 37,747,872.59 37,747,872.59 37,747,872.59 28.08 1 1 1.649 1.672 Treasury Securities-Coupon 9,000,000.00 9,079,570.00 8,974,810.01 6.68 957 832 2.918 2.958 Medium Term Notes 3,481,000.00 3,585,374.63 3,480,469.60 2.59 1,605 418 5.441 5.516 Commercial Paper Disc.-Amortizing 8,000,000.00 7,976,170.00 7,978,818.33 5.94 136 64 1.486 1.506 Federal Agency Disc.-Amortizing 17,825,000.00 17,782,742.50 17,786,365.21 13.23 130 54 1.378 1.397 134,543,872.59 134,458,373.92 134,412,826.70 100.00% 716 533 2.375 2.408 Investments Cash and Accrued Interest Accrued Interest at Purchase 18,277.02 18,277.02 Subtotal 18,277.02 18,277.02 Total Cash and Investments 134,543,872.59 134,476,650.94 134,431,103.72 716 533 2.375 2.408 Total Earnings August 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 272,117.33 2,711,354.23 Current Budget 166,667.00 1,833,333.00 2,000,000.00 Last Year Actual 244,363.54 3,089,776.47 3,330,314.47 Average Daily Balance 135,009,078.33 120,317,316.17 Effective Rate of Return 2.37% 2.45% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec.15,2003. 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 provi d by Union Bank via Merrill Lynch and Interactive Data Corporation. 93u- 0 S F ID R ,CITY TREASURER a, Portfolio CITY AP Run Date:0924/2004-10:07 PM(PRF PM1)SymRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments August 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331 QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 2,000,000.00 2,000,000.00 2.730 AAA 2.730 757 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 998,130.00 1,000,000.00 2.850 AAA 2.850 902 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 1,002,810.00 1,000,000.00 3.500 AAA 3.500 1,322 04/15/2008 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,980,620.00 2,000,000.00 3.020 AAA 3.020 1,314 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,975,620.00 2,000,000.00 2.400 AAA 2.400 926 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,973,760.00 2,000,000.00 2.270 AAA 2.270 874 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,989,380.00 2,000,000.00 3.320 AAA 3.320 1,426 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,962,500.00 2,000,000.00 2.900 AAA 2.900 1,427 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,852,886.00 1,850,000.00 4.000 AAA 4.000 1,489 09/29/2008 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,122,623.20 2,120,666.77 2.375 AAA 2.805 803 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 993,750.00 1,000,000.00 2.640 AAA 2.641 758 09/29/2006 31339YFL1 3198 Federal Home Loan Bank 12/18/2003 2,000,000.00 1,987,500.00 1,989,818.71 1.885 AAA 2.260 509 01/23/2006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 2,000,000.00 2,000,000.00 3.000 AAA 3.000 902 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,986,260.00 2,000,000.00 2.800 AAA 2.801 1,048 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 2,001.260.00 2,000,000.00 3.070 AAA 3.070 968 04/27/2007 3133X6WP7 3232 Federal Home Loan Bank 04/29/2004 2,000,000.00 2,002,500.00 2,000,000.00 3.080 AAA 3.079 880 01/29/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,496,715.00 1,478,784.99 2.750 AAA 3.390 848 12/28/2006 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,972.160.00 2,000,000.00 3.000 AAA 3.000 1,420 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,986,560.00 2,000,000.00 3.000 AAA 3.000 1,239 01/23/2008 3128X1E45 3173 Federal Home Loan Mort Corp 09/03/2003 1,000,000.00 1,000,090.00 1,000,000.00 4.300 AAA 4.300 1,463 09/03/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1.000,000.00 1,001,770.00 1,000,000.00 2.625 AAA 2.625 667 06/30/2006 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2.000,000.00 1,996,720.00 2,003,331.48 2.750 AAA 2.678 891 02t09/2007 3128X1DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1,990,000.00 2,004,152.20 2.500 AAA 2.404 824 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,997,840.00 2,006,137.48 2.750 AAA 2.618 891 02t09/2007 3128X3MZ3 3243 Federal Home Loan Mort Corp 06/28/2004 2,000,000.00 2,003,380.00 2,000,000.00 4.250 AAA 4.250 1,213 12/28/2007 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,013,130.00 1,000,000.00 5.010 AAA 5.010 896 02/14/2007 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12t2002 1,000,000.00 1,020,000.00 1,000,000.00 5.350 AAA 5.350 953 04/12/2007 31359MSC8 3148 Fed.Nat'l Mort.Assoc. 06/04/2003 2,000,000.00 1,995,000.00 1,996,993.33 2.000 AAA 2.042 1,372 06/04/2008 3136F4CJ1 3171 Fed.Nat'l Mort.Assoc. 09/08/2003 2,000.000.00 2,000,620.00 2,000,000.00 4.200 AAA 4.200 1,468 09/08/2008 3136F3VT0 3193 Fed.Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 1,984,380.00 1,985,625.79 2.100 AAA 2.510 663 06/26/2006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 2,000,620.00 2,000,000.00 3.000 AAA 3.000 849 12/29/2006 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 03/22/2004 2,000,000.00 2,005,000.00 2,008,980.21 2.750 AAA 2.510 709 08/11/2006 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,993,120.00 2.000,000.00 3.610 AAA 3.610 1,671 03/30/2009 Subtotal and Average 59,056,475.27 68,490,000.00 58,286,644.20 58,444,490.96 3.045 1,046 Portfolio CITY AP Run Date:09/242004-10:07 PM(PRF_PM2)SymRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details -Investments August 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody s 365 Maturity Date Local Agency Investment Funds SYS982 982 Laif City 19,999,058.04 19,999,058.04 19,999,058.04 1.672 NR 1.672 1 SYS2206 2206 LAIF-Redevelopment Agency 17,748,814.55 17,748,814.55 17,748,814.55 1.672 NR 1.672 1 Subtotal and Average 38,634,969.36 37,747,872.59 37,747,872.59 37,747,872.59 1.672 1 Treasury Securities-Coupon 912828BJB 3175 US Treasury Bill 09/02t2003 1,000,000.00 1,000,430.00 1,000,000.00 2.000 AAA 2.000 364 08/31/2005 912828CF5 3234 US Treasury Bill 05/12/2004 2,000,000.00 1,999,600.00 1,989,317.98 2.250 AAA 2.580 606 04/30/2006 912828CG3 3235 US Treasury Bill 05/17/2004 2,000,000.00 2,024,220.00 1,996,160.30 3.125 AAA 3.195 986 05/15/2007 912828ANO 3244 US Treasury Bill 06/10/2004 2,000,000.00 2,011,960.00 1,971,403.63 3.000 AAA 3.473 1,170 11/15/2007 9128277F3 3246 US Treasury Bill 06/14/2004 2,000,000.00 2,043,360.00 2,017,928.10 3.500 AAA 3.068 805 11/15/2006 Subtotal and Average 8,974,454.64 9,000,000.00 9,079,570.00 8,974,810.01 2.958 832 Medium Term Notes 026870BB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 1,008,220.00 1,003,104.78 2.850 Aaa 2.590 456 12/01/2005 172967AV3 2981 Citibank NA 12t05/2000 481,000.00 502,274.63 478,232.91 6.250 Aa 6.800 456 12/01/2005 66586GBY2 2939 Northern Trust Co. 02M 1/2000 1,000,000.00 1,024,040.00 999,784.89 7.500 Aa3 7.559 163 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,050,840.00 999,347.02 5.750 Aa 5.795 616 05/10/2006 Subtotal and Average 3,480,446.22 3,481,000.00 3,585,374.63 3,480,469.60 5.516 418 Commercial Paper Disc.-Amortizing 1730EOLN3 3250 Citigroup Global 08/16/2004 2,000,000.00 1,992,220.00 1,992,528.89 1.640 Aa 1.670 82 11/22/2004 36959HKN6 3237 General Electric Capital Corp 05/21/2004 2,000,000.00 1,995,360.00 1,996,118.33 1.370 Aaa 1.397 51 10/22/2004 36959HLF2 3239 General Electric Capital Corp 05/21/2004 2,000,000.00 1,992,880.00 1,993,875.00 1.470 Aaa 1.501 75 11/15/2004 36959HL47 3240 General Electric Capital Corp 06/03/2004 1,000,000.00 996,960.00 997,440.00 1.440 Aaa 1.469 64 11/04/2004 36959HJW8 3247 General Electric Capital Corp 07/15/2004 1,000,000.00 998,750.00 998,856.11 1.420 Aaa 1.444 29 09/30/2004 Subtotal and Average 7,784,849.78 8,000,000.00 7,976,170.00 7,978,818.33 1.506 64 Federal Agency Disc.-Amortizing 313384Q77 3252 Federal Home Loan Bank 08/20/2004 2,000,000.00 1,992,400.00 1,992,626.66 1.580 AAA 1.609 84 11/24/2004 313396M26 3233 Federal Home Loan Mort Corp 04/28/2004 2,000,000.00 1,995,200.00 1,996,302.78 1.210 AAA 1.234 55 10/26/2004 3133961-122 3242 Federal Home Loan Mort Corp 06/04/2004 2,000,000.00 1,998,000.00 1,998,370.83 1.275 AAA 1.298 23 09/24/2004 313396H89 3248 Federal Home Loan Mort Corp 07/15/2004 2,000,000.00 1,997,600.00 1,997,760.56 1.390 AAA 1.414 29 09/30/2004 313396R54 3251 Federal Home Loan Mort Corp 08/20/2004 2,000,000.00 1,992,000.00 1,992,000.00 1.600 AAA 1.630 90 11/30/2004 313588F26 3228 Fed.Nat'l Mort.Assoc. 04/15/2004 2,000,000.00 1,999,400.00 1,999,580.00 1.080 AAA 1.100 7 09/08/2004 3135881-45 3231 Fed.Nat'l Mort.Assoc. 04/26/2004 2,000,000.00 1,995,800.00 1,996,733.33 1.200 AAA 1.224 49 10/20/2004 313588N92 3241 Fed.Nat'l Mort.Assoc. 06/03/2004 1,825,000.00 1,819,342.50 1,819,925.49 1.430 AAA 1.459 70 11/10/2004 Portfolio CITY AP Run Date:09/24/2004-10:07 PM(PRF_PM2)SymRept 6.40.118 City of HB Portfolio Management Page 4 Portfolio Details -Investments August 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Disc.-Amortizing 313588Q24 3249 Fed.Nat'l Mort.Assoc. 07/21/2004 2,000,000.00 1,993,000.00 1,993,065.56 1.580 AAA 1.610 79 11/19/2004 Subtotal and Average 17,077,883.05 17,825,000.00 17,782,742.50 17,786,365.21 1.397 54 Total and Average 135,009,078.33 134,543,872.59 134,458,373.92 134,412,826.70 2.408 533 Portfolio CITY AP Run hate:09242004-10:07 PM(PRF PM2)SymRept 6.40.118 City of HB Portfolio Management Page 5 Portfolio Details -Cash August 31, 2004 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 18,277.02 18,277.02 0 Subtotal 18,277.02 18,277.02 Total Cash and Investmentss 135,009,078.33 134,543,872.59 134,476,650.94 134,431,103.72 2.408 533 Portfolio CITY AP Run Date:09242004-10:07 PM(PRF_PM2)SyrnRept 6.40.118 City of HB Portfolio Management Page s Activity By Type August 1, 2004 through August 31, 2004 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133X1ZN0 3183 Federal Home Loan Bank 3.340 08/20/2004 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 58,444,490.96 Local Agency Investment Funds (Monthly Summary) SYS2206 2206 LAIF-Redevelopment Agency 1.672 4,000,000.00 5,250,000.00 Subtotal 4,000,000.00 5,250,000.00 37,747,872.59 Treasury Securities-Coupon Subtotal 8,974,810.01 Medium Term Notes Subtotal 3,480,469.60 Commercial Paper Disc.-Amortizing 17307JHD7 3219 Citigroup Global 1.050 08/13/2004 0.00 2,000,000.00 1730EOLN3 3250 Citigroup Global 1.640 08/16/2004 1,991,071.11 0.00 Subtotal 1,991,071.11 2,000,000.00 7,978,818.33 Federal Agency Disc.-Amortizing 313384Q77 3252 Federal Home Loan Bank 1.580 08/20/2004 1,991,573.33 0.00 313396C35 3227 Federal Home Loan Mort Corp 1.060 08/16/2004 0.00 2,000,000.00 313396R54 3251 Federal Home Loan Mort Corp 1.600 08/20/2004 1,990,933.33 0.00 313588B87 3218 Fed.Nad Mort.Assoc. 1.000 08/13/2004 0.00 2,000,000.00 Subtotal 3,982,506.66 4,000,000.00 17,786,365.21 Total 9,973,577.77 12,250,000.00 134,412,826.70 Portfolio CITY AP Run Date:09/242004-10:07 _ PM(PRF_PM3)SymRepl 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary August 2003 through August 2004 Yield to Maturity Managed Number Number Month Number of Average 360 30 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity August 2003 46 108,011,271.13 2.636 2.672 1.632 4 13 767 536 September 2003 47 105,317,339.67 2.671 2.708 1.635 10 9 832 632 October 2003 45 99,211,462.32 2.721 2.759 1.596 2 4 858 640 November 2003 40 95,493,138.52 2.852 2.891 . 1.572 2 7 948 718 December 2003 54 107,494,036.71 2.585 2.621 1.545 18 4 847 668 January 2004 54 118,480,571.63 2.474 2.509 1.528 2 2 785 595 February 2004 53 119,578,552.03 2.431 2.465 1.440 7 8 783 596 March 2004 50 116,721,608.70 2.270 2.302 1.474 11 14 722 567 April 2004 56 120,387,371.15 2.233 2.264 1.445 8 2 701 549 May 2004 57 133,674,753.55 2.253 2.284 1.426 6 5 711 558 June 2004 60 138,062,935.51 2.298 2.330 1.469 7 4 724 570 July 2004 59 139,103,226.48 2.331 2.363 1.604 3 4 716 549 August 2004 58 135,009,078.33 2.375 2.408 1.672 3 4 716 533 Average 52 118,222,891.26 2.472% 2.506% 1.541 6 6 778 593 Portfolio CITY AP Run Date:0924/2004-10:07 PM(PRF PM4)SymRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type August 2003 through August 2004 August September October November December January February March April May June July August Average Security Type 2003 2003 2003 2003 2003 2004 2004 2004 2004 2004 2004 2004 2004 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 40.1 42.9 44.6 50.4 50.0 46.1 49.1 45.2 44.7 44.1 43.9 43.5 43.5 45.2% Local Agency Investment Funds 37.9 33.0 34.3 38.5 31.0 31.9 32.3 32.3 30.3 29.7 28.2 28.5 28.1 32.0% Treasury Securities-Coupon 1.0 1.0 1.1 0.9 0.8 0.8 0.8 0.8 3.7 6.4 6.6 6.7 2.3% Medium Term Notes 6.0 6.2 6.4 5.8 4.7 4.6 3.8 3.8 3.4 3.3 2.5 2.6 2.6 4.3% Nebotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 10.4 15.2 11.8 4.3 8.5 11.7 10.9 12.9 10.2 8.9 7.8 5.8 5.9 9.6% Federal Agency Disc.-Amortizing 5.5 1.9 2.0 5.0 4.9 3.2 5.0 10.6 10.4 11.3 13.0 13.2 6.6% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:09242004-10:07 PM(PRF_PM5)SymRept 6.40.118 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 08/31/04 � Descrition , AccruedInterestPurch: Fair,Value- E Accrued Interest< .gyp, United States Treasury: Bills $ 2,464,369,013.88 $ 2,471,712,400.00 NA Notes $ 4,708,168,955.50 $ 4,700,915,500.00 $ 36,958,520.25 Federal Agency: SBA $ 556,606,492.48 $ 549,644,271.82 $ 1,506,005.97 MBS $ 361,279,924.19 $ 356,813,380.84 $ 1,626,638.26 Bonds $ 4,127,624,924.67 $ 4,121,809,784.60 $ 29,946,608.37 Floaters $ - $ - $ - Discount Notes $ 9,911,734,915.61 $ 9,945,906,209.00 NA FHLMC PC $ 3,021,909.33 $ 3,285,311.59 $ 48,621.09 GNMA $ 406,942.06 $ 466,878.95 $ 4,015.22 Bankers Acceptances $ - $ - NA Bank Notes $ 350,000,000.00 $ 349,754,326.50 $ 1,593,277.78 CDs $ 8,090,039,366.07 $ 8,085,655,328.00 $ 31,524,063.90 Commercial Paper $ 5,110,489,092.55 $ 5,121,696,771.94 NA Corporate: Floaters $ - $ - $ - Bonds $ 1,522,536,886.19 $ 1,522,667,149.20 $ 21,471,026.38 Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 6,136,795,000.00 $ 6,136,795,000.00 NA AB 55&GF Loans $ 7,240,335,788.05 $ 7,240,335,788.05 NA TOTAL $ 50,583,409,210.58 $ 50,607,458,100.49 $ 124,678,777.22 Fair Value Including Accrued Interest $ 50,732,136,877.71 Repurchase Agreements, Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of July 31, 2004 Summary of investments by type Market Value Market Value Par Value Investment Type as of 6/30/04 as of 7/31/04 $1,476,382 Local Agency Investment Fund(LAIF) $1,494,106 $1,476,382 $9,428,677 Investment Agreements $9,428,677 $9,428,677 $5,246,466 Money Market Funds $1,484,467 $5,246,466 $330,488 US Treasury Securities $330,488 $330,488 $16,482,013 $12,737,738 $16,482,013 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 6/30/04 as of 7/31/04 $2,876,920 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,295 $2,876,920 $589,997 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $591,453 $589,997 $2,670,389 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,660,771 $2,670,389 $4,772,142 Huntington Beach PFA- 2001 Series B(1993 Civic Center& Police Administration Bldg. Refinance) $2,694,998 $4,772,142 $1,293,318 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,294,789 $1,293,318 $174,656 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,037 $174,656 $1,649,630 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,650,278 $1,649,630 $1,291,923 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $763,063 $1,291,923 $873,742 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $873,725 $873,742 $127,779 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $223,750 $127,779 $47,622 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $47,742 $47,622 $113,896 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $113,837 $113,896 $16,482,013 $12,737,738 $16,482,013 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2004 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (03-31-04) (06-30-04) ICMA Retirement Corporation (457 Plan) $18,085,899 $380,257 ($440,007) $72,059 $6,442 $18,104,649 ICMA Retirement Corporation (401 Plan) $335,730 $17,898 $0 $2,149 $0 $355,777 Nationwide Retirement Solutions (457 Plan) $44,457,991 $1,064,976 ($519,614) $448,822 ($200) $45,451,976 Trust Deeds $17,532 $0 $0 $0 $0 $17,532 Total Deferred Compensation Plan Balances $62,897,152 $1,463,131 ($959,621) $523,030 $6,242 $63,929,934 August 2004 PowerPoint Presentation Attachment 4 i Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA August Report x c a w s r r a � r Shari L . Freidenrich , CPA, CCMT , CPFA October 18, 2004 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA August 2004 Investment Summary ( in millions) Financial. Information: ..July August Inc./(Dec.) End of Month City Portfolio $136:658 $134.413 ($2.245) End of Month Market Value $136.163 $134.458 ($1 .705) Interest Earned for Month $0.279 $0.272 ($0.007) Earned Interest Yield Year to Date 2.46% 2.45% -0.01% Average Maturity ( in days) 549 533 (16) YTD Average Daily Balance $118.824 $120.317 $1 .493 Summary by Type: August % of-Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $58.445 43% None 1046 3.05% LAIF (State Pool) $37.748 28% $40 million 1 1 .67% U.S.Treasury Notes $897.5 7% None 832 2.96% Medium Term Notes $3.480 3% 20% 418 5.52% Discount Comm. Paper $7.979 6% 25% 64 1 .51 % Discount Federal Agy $17.786 13% None 54 1 .40% Total $134.413 100% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: August 2004 Investment Summary Report COUNCIL MEETING DATE: October 18, 2004 RCo►►�/�►TTACHMENTS_ ' TATU Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attome Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report If applicable Not Applicable Commission, Board or Committee Report If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not ApplicableRM EXPLANATION F.OR�M;ISSING,ATTACHMENTS ' . y � ' RREVIEWED k` � RET�URNED= _ ,_ FORWARDED! Administrative Staff Assistant City Administrator Initial City Administrator Initial City Clerk EXPLANATION FOR RETURNOgF ITEM (Below • . For RCA Author: sif Council/Agency Meeting Held: 04zo Deferred/Continued to: XApproved El Conditionally Approved L] Denied �� Ci ,-If- rk's ignat e Council Meeting Date: 9/20/04 Department Number: CT04-16 CITY OF HUNTINGTON BEACH o REQUEST FOR COUNCIL ACTION _ -`_- SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS -'- SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASU qi y PREPARED BY: SHARI L. FREIDENRICH, CITY TREASUiOW SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JULY 2004 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachments) Statement of Issue: Review and accept the Monthly Investment Report for July 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for July 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not applicable Environmental Status: Not applicable Attachment(s): NumberCity Clerk's Page . Description z 1 Monthly Investment Report and Summary of Investments for July 2004 °- 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information Nr- „ 4. 1 July 2004 PowerPoint Presentation L �Y Monthly Investment Report and Summary of Investments for July 2004 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for July, 2004 City Investment Portfolio: June July Inc./(Dec.) End of month City Portfolio Balance $140,112,292 $136,657,750 ($3,454,542) End of month General Fund Balance $25,251,060 $24,692,705 ($558,355) Earned Interest Yield Average 2.33% 2.36% 0.03% Average Maturity( in days) 570 549 -21 End of Month Market Value $139,432,478 $136,162,726 ($3,269,752) End of month bank cash balance $7,156,024 $4,940,048 ($2,215,976) Bond Proceeds Investments:* May June Inc./(Dec.) End of Month Bond Reserve Par Value $14,239,608 $12,737,738 ($1,501,870) Deferred Compensation Investments:** March June Inc./(Dec.) Participant Balances $62,897,152 $63,929,934 $1,032,782 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $166,667 $278,633 $111,966 Interest Earned Year to Date $1,666,666 $2,439,237 $772,571 Earned Interest Yield Year to Date 2.22% 2.46% 0.24% 'Bond Proceeds Statements lag by one month. —Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. July %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $59,442,526 43% None 1078 3.05% Local Agency Inv. Fund (LAIF) $38,997,873 28% $40 million 1 1.60% U.S. Treasury Notes-Coupon $8,974,075 7% None 863 2.96% Medium Term Notes $3,480,420 3% 20% 449 5.52% Disc. Commercial Paper $7,978,236 6% 25% 69 1.36% Disc. Federal Agy Issues $17,784,620 13% None 61 1.27% $136,657,750 100% City of HB Portfolio Management Portfolio Summary July 31, 2004 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 59,490,000.00 58,817,719.40 59,442,526.39 43.50 1,346 1,078 3.008 3.050 Local Agency Investment Funds 38,997,872.59 38,997,872.59 38,997,872.59 28.54 1 1 1.582 1.604 Treasury Securities-Coupon 9,000,000.00 9,012,510.00 8,974,075.57 6.57 957 863 2.918 2.958 Medium Term Notes 3,481,000.00 3,578,373.98 3,480,419.62 2.55 1,605 449 5.440 5.516 Commercial Paper Disc.-Amortizing 8,000,000.00 7,975,880.00 7,978,235.56 5.84 149 69 1.337 1.356 Federal Agency Disc.-Amortizing 17,825,000.00 17,780,370.00 17,784,619.88 13.01 138 61 1.251 1.269 136,793,872.59 136,162,725.97 136,657,749.61 100.00% 716 549 2.331 2.363 Investments Cash and Accrued Interest Accrued Interest at Purchase 33,707.58 33,707.58 Subtotal 33,707.58 33,707.58 Total Cash and Investments 136,793,872.59 136,196,433.55 136,691,457.19 716 549 2.331 2.363 Total Earnings July 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 278,633.47 2,439,236.90 Current Budget 166,667.00 1,666,666.00 2,000,000.00 Last Year Actual 225,942.96 2,845,412.93 3,330,314.47 Average Daily Balance 139,103,226.48 118,824,055.10 Effective Rate of Return 2.36% 2.46% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 15,2003. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J. Kenney pricing services. �( Z O V FRP6ERRICH,CITY TREASURER Portfolio CITY AP Run Date:08/04/2004-16:15 PM(PRF_PM1)SyrnRept 6.40.118 Report Ver.5.00 City of HIS Portfolio Management Page 2 Portfolio Details - Investments July 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1.986,260.00 2,000.000.00 2.730 AAA 2.730 788 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 990,310.00 1,000,000.00 2.850 AAA 2.850 933 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 991,250.00 1,000,000.00 3.500 AAA 3.500 1,353 04/15/2008 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,951,880.00 2.000,000.00 3.020 AAA 3.020 1,345 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000.000.00 1,956,880.00 2,000,000.00 2.400 AAA 2.400 957 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,956,260.00 2,000,000.00 2.270 AAA 2.270 905 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1.960,620.00 2,000,000.00 3.320 AAA 3.320 1,457 07/28/2008 31339YNFS 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1.930,620.00 2,000,000.00 2.900 AAA 2.900 1,458 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,848,261.00 1,850,000.00 4.000 AAA 4.000 1,520 09/29/2008 3133X1ZN0 3183 Federal Home Loan Bank 11/20/2003 1,000,000.00 996,250.00 1.000,000.00 3.340 AAA 3.341 1,114 08/20/2007 31339YU03 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,105,888.40 2,119,934.45 2.375 AAA 2.806 834 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 985.940.00 1,000,000.00 2.640 AAA 2.641 789 09/29/2006 31339YFL1 3198 Federal Home Loan Bank 12/18/2003 2,000,000.00 1,977,500.00 1,989,210.26 1.885 AAA 2.260 540 01/23/2006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,988,120.00 2,000,000.00 3.000 AAA 3.000 933 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,965,000.00 2,000,000.00 2.800 AAA 2.801 1,079 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,986.260.00 2,000,000.00 3.070 AAA 3.070 999 04/27/2007 3133X6WP7 3232 Federal Home Loan Bank 04/29/2004 2,000,000.00 1,993.120.00 2,000,000.00 3.080 AAA 3.079 911 01/29/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,485.000.00 1,478,024.60 2.750 AAA 3.390 879 12/28/2006 3128X1 RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,939.300.00 2,000,000.00 3.000 AAA 3.000 1.451 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,958,720.00 2,000,000.00 3.000 AAA 3.000 1,270 01/23/2008 3128X1E45 3173 Federal Home Loan Mort Corp 09/03/2003 1,000,000.00 1,002,090.00 1,000,000.00 4.300 AAA 4.300 1,494 09/03/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1,000,000.00 995,460.00 1,000,000.00 2.625 AAA 2.625 698 06/30/2006 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,979,060.00 2,003.445.31 2.750 AAA 2.678 922 02/09/2007 3128X1DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1.973,120.00 2,004,305.41 2.500 AAA 2.404 855 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,979,080.00 2,006,347.18 2.750 AAA 2.618 922 02/09/2007 3128X3MZ3 3243 �' Federal Home Loan Mort Corp 06/28/2004 2,000,000.00 2,007,000.00 2,000,000.00 4.250 AAA 4.250 1,244 12/28/2007 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,015,310.00 1,000,000.00 5.010 AAA 5,010 927 02/14/2007 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1.022,500.00 1,000,000.00 5.350 AAA 5.350 984 04/12/2007 31359MSC8 3148 Fed.Nat'l Mort.Assoc. 06/04/2003 2,000,000.00 1,964,380.00 1,996,926.67 2.000 AAA 2.042 1,403 06/04/2008 3136F4CJ1 3171 Fed.Nat'l Mort.Assoc. 09/08/2003 2,000,000.00 2.004,380.00 2,000,000.00 4.200 AAA 4.200 1,499 09/08/2008 3136F3VT0 3193 Fed.Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 1,973,120.00 1,984,967.43 2.100 AAA 2.510 694 06/26/2006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 1,993,760.00 2,000,000.00 3.000 AAA 3.000 880 12/29/2006 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 03/22/2004 2,000,000.00 1,991,260.00 2,009,365.08 2.750 AAA 2.510 740 08/11/2006 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,963,760.00 2,000,000.00 3.610 AAA 3.610 1,702 03/30/2009 Subtotal and Average 60,859,552.10 59,490,000.00 58,817,719.40 59,"2,526.39 3.050 1,078 Portfolio CITY AP Run Date:08/04/2004-16:15 PM(PRF PM2)SymRept 6.40.118 Report Ver.5.00 City of FIB Portfolio Management Page 3 Portfolio Details - Investments July 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Local Agency Investment Funds SYS982 982 Laif City 19.999,058.04 19,999,058.04 19,999,058.04 1.604 NR 1.604 1 SYS2206 2206 IAIF-Redevelopment Agency 18,998,814.55 18,998,814.55 18,998,814.55 1.604 NR 1.604 1 Subtotal and Average 39,384,292.58 38,997,872.59 38,997,872.59 38,997,872.59 1.604 1 Treasury Securities-Coupon 912828BJ8 3175 US Treasury Bill 09/02/2003 1,000,000,00 998,750.00 1,000,000.00 2.000 AAA 2.000 395 08/31/2005 912828CF5 3234 US Treasury Bill 05/12/2004 2,000,000.00 1,990,000.00 1.988,771.54 2.250 AAA 2.580 637 04/30/2006 912828CG3 3235 US Treasury Bill 05/17/2004 2,000,000.00 2,006,260.00 1.996.039.58 3.125 AAA 3.195 1,017 05/15/2007 912828ANO 3244 US Treasury Bill 06/10/2004 2,000,000.00 1.988.120.00 1,970,645.95 3.000 AAA 3.473 1,201 11/15/2007 9128277F3 3246 US Treasury Bill 06/14/2004 2,000,000.00 2,029,380.00 2,018,618.50 3.500 AAA 3.068 836 11/15/2006 Subtotal and Average 8,973,720.19 9,000,000.00 9,012,510.00 8,974,075.57 2.958 863 Medium Term Notes 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 999,580.00 1,003,311.77 2.850 Aaa 2.590 487 12/01/2005 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 502,923.98 478,048.44 6.250 Aa 6.800 487 12/01/2005 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,027,930.00 999,744.56 7.500 Aa3 7.559 194 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,047,940.00 999,314.85 5.750 Aa 5.795 647 05/10/2006 Subtotal and Average 3,480,396.23 3,481,000.00 3,578,373.98 3,480,419.62 5.516 449 Commercial Paper Disc.-Amortizing 17307J1-1137 3219 Citigroup Global 03/19/2004 2,000,000.00 1,999,220.00 1,999,300.00 1.050 Aa 1.069 12 08/13/2004 36959HKN6 3237 General Electric Capital Corp 05/21/2004 2,000,000.00 1,992,980.00 1,993,758.89 1.370 Aaa 1.397 82 10/22/2004 36959HLF2 3239 General Electric Capital Corp 05/21/2004 2,000,000.00 1,990,380.00 1,991,343.33 1.470 Aaa 1.501 106 11/15/2004 36959HL47 3240 General Electric Capital Corp 06/03/2004 1,000,000.00 995,690.00 996,200.00 1.440 Aaa 1.469 95 11/04/2004 36959HJW8 3247 General Electric Capital Corp 07/15/2004 1,000,000.00 997,610.00 997.633.34 1.420 Aaa 1.444 60 09/30/2004 Subtotal and Average 9,652,125.30 8,000,000.00 7,975,880.00 7,978,235.56 1.356 69 Federal Agency Disc.-Amortizing 313396C35 3227 Federal Home Loan Mort Corp 04/15/2004 2,000,000.00 1,999,000.00 1,999,116.67 1.060 AAA 1.079 15 08/16/2004 313396M26 3233 Federal Home Loan Mort Corp 04/28/2004 2,000,000.00 1,993,200.00 1,994,218.89 1,210 AAA 1.234 86 10/26/2004 3133961-122 3242 Federal Home Loan Mort Corp 06/04/2004 2,000,000.00 1,995,800.00 1,996,175.00 1.275 AAA 1.298 54 09/24/2004 3133961-189 3248 Federal Home Loan Mort Corp 07/15/2004 2.000,000.00 1,995,200.00 1,995,366.67 1.390 AAA 1.414 60 09/30/2004 3135881387 3218 Fed.Nat'l Mort.Assoc. 03/17/2004 2,000,000.00 1,999,200.00 1,999,333.33 1.000 AAA 1.018 12 08/13/2004 313588F26 3228 Fed.Nat'l Mort.Assoc. 04/15/2004 2,000,000.00 1,997,000.00 1,997,720.00 1.080 AAA 1.100 38 09/08/2004 3135881-45 3231 Fed.Nat'l Mort.Assoc. 04/26/2004 2,000,000.00 1,993,600.00 1,994,666.67 1.200 AAA 1.224 80 10/20/2004 Portfolio CITY AP Run Date:08/04/2004-16:15 PM(PRF_PM2)SymRept 6.40.118 City of HB Portfolio Management Page 4 Portfolio Details - Investments July 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Disc.-Amortizing 313588N92 3241 Fed.Nat'l Mort.Assoc. 06/03/2004 1,825,000.00 1,816,970.00 1,817,678.20 1.430 AAA 1.459 101 11/10/2004 313588024 3249 Fed.Nat'l Mort.Assoc. 07/21/2004 2,000,000.00 1,990,400.00 1,990,344.45 1.580 AAA 1.610 110 11/19/2004 Subtotal and Average 16,753,140.07 17,825,000.00 17,780,370.00 17,784,619.88 1.269 61 Total and Average 139,103,226.48 136,793,872.59 136,162,725.97 136,657,749.61 2.363 549 Portfolio CITY AP Run Date:08/04/2004-16:15 PM(PRF_PM2)SymRepl 6.40.118 City of HB Portfolio Management Page 5 Portfolio Details - Cash July 31, 2004 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 33,707.58 33,707.58 0 Subtotal 33,707.58 33,707.58 Total Cash and Investmentss 139,103,226.48 136,793,872.59 136,196,433.55 136,691,457.19 2.363 549 Portfolio CITY AP Run Date:08/04/2004-16:15 PM(PRF_PM2)SymRept 6.40.118 City of HB Portfolio Management Page 6 Y Type ActivityB T e July 1, 2004 through July 31, 2004 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 312925A34 3098 Federal Home Loan Mort Corp 4.500 07/23/2004 0.00 1,998,032.00 Subtotal 0.00 1,998,032.00 59,442,526.39 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.604 1,033,094.30 1,000,000.00 SYS2206 2206 LAIF-Redevelopment Agency 1.604 1,499,261.44 2,000,000.00 Subtotal 2,532,355.74 3,000,000.00 38,997,872.59 Treasury Securities-Coupon Subtotal 8,974,075.57 Medium Term Notes Subtotal 3,480,419.62 Commercial Paper Disc.-Amortizing 36959HJW8 3247 General Electric Capital Corp 1.420 07/15/2004 996,962.78 0.00 61745AGP8 3245 Morgan Stanley Dean Witter 1.160 07/23/2004 0.00 2,000,000.00 71708EGC3 3238 Pfizer,Inc. 1.050 07/12/2004 0.00 2,000,000.00 Subtotal 996,962.78 4,000,000.00 7,978,235.56 Federal Agency Disc.-Amortizing 313396ZP1 3220 Federal Home Loan Mort Corp 1.000 07/19/2004 0.00 2,000,000.00 313396H89 3248 Federal Home Loan Mort Corp 1.390 07/15/2004 1,994,053.89 0.00 313588Q24 3249 Fed.Nat'l Mort.Assoc. 1.580 07/21/2004 1,989,378.89 0.00 Subtotal 3,983,432.78 2,000,000.00 17,784,619.88 Total 7,512,751.30 10,998,032.00 136,657,749.61 Portfolio CITY AP Run Date:08/04/2004-16:15 PM(PRF PM3)SymRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary July 2003 through July 2004 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 2003 55 116,351,329.91 2.600 2.636 1.653 10 10 772 538 August 2003 46 108,011,271.13 2.636 2.672 1.632 4 13 767 536 September 2003 47 105,317,339.67 2.671 2.708 1.635 10 9 832 632 October 2003 45 99,211,462.32 2.721 2.759 1.596 2 4 858 640 November 2003 40 95,493,138.52 2.852 2.891 1.572 2 7 948 718 December 2003 54 107,494,036.71 2.585 2.621 1.545 18 4 847 668 January 2004 54 118,480,571.63 2.474 2.509 1.528 2 2 785 595 February 2004 53 119,578,552.03 2,431 2.465 1.440 7 8 783 596 March 2004 50 116,721,608.70 2.270 2.302 1.474 11 14 722 567 April 2004 56 120,387,371.15 2.233 2.264 1.445 8 2 701 549 May 2004 57 133,674,753.55 2.253 2.284 1.426 6 5 711 558 June 2004 60 138,062,935.51 2.298 2.330 1.469 7 4 724 570 July 2004 59 139,103,226.48 2.331 2.363 1.604 3 4 716 549 Average 52 116,765,988.99 2.489% 2.523% 1.540 7 7 782 594 Portfolio CITY AP Run Date:08/04/2004-16:15 PM(PRF PM4)SyrnRept 6.40.116 Report Ver.5.00 City of FIB Portfolio Management Page 8 Distribution of Investments By Type July 2003 through July 2004 July August September October November December January February March April May June July Average Security Type 2003 2003 2003 2003 2003 2003 2004 2004 2004 2004 2004 2004 2004 by Period Repurchase Agreements .. .. --......I ...... _..._.. ...... .. .... _ _ - - ......... ..._.. Certificates of Deposit ........_ - . ......... ...... _ Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 39.5 40.1 42.9 44.6 50.4 50.0 46.1 49.1 45.2 44.7 44.1 43.9 43.5 44.9% ..... ........ ....... _. _ ....... . Local Agency Investment Funds 26.7 37.9 33.0 34.3 38.5 31.0 31.9 32.3 32.3 30.3 29.7 28.2 28.5 31.9% ....... .__....._- _ . _.._.___. .. .. ......__... .... - . ...._- -_ _- .._... Treasury Securities-Coupon 0.9 1.0 1.0 1.1 0.9 0.8 0.8 0.8 0.8 3.7 6.4 6.6 1.9% .. .. Medium Term Notes 5.8 6.0 6.2 6.4 5.8 4.7 4.6 3.8 3.8 3.4 3.3 2.5 2.6 4.5% .._- . -..._....- _ _ ._ _.._.. ._ ......... .----..... ......... . ......... ..... ......._.._ Negotiable CD's ........ ......... Certificates of Deposit-Bank ..__....... _ .... _ ..... ......... ................ Mortgage Backed Securities . _. .... ..... ...__ __. .........__ ...... .. ... __ ........_ Bankers Acceptances-Amortizing _..._.... . .... ._... ..........__.. .... Commercial Paper Disc.-Amortizing 15.1 10.4 15.2 11.8 4.3 8.5 11.7 10.9 12.9 10.2 8.9 7.8 5.8 10.3% ... ......... __.__..... .... . -_._.... Federal Agency Disc.-Amortizing 10.2 5.5 1.9 2.0 5.0 4.9 3.2 5.0 10.6 10.4 11.3 13.0 6.4% ... ._........ ........__ _. _ ....__.._.. - - ........_ ._ . ......................................... ._ .....__... _-..__ _...._.... ......... - ... ......... . - Treasury Discounts-Amortizin ... ........_ .. __. _ .... ..... ..- ..-. ..... . ._.. _.... ... _ _. . .. ...__...... ......... _ ...._._.._. ._..... ......._.. __... . Miscellaneous Discounts-Amortizing ..... ..__...._ ... ........__ ___ _... .... ................. _ _. __ -_........ ........... ... ......... _......_.. ..... ... Rolling Repurchase Agreements ......... ....... _ ._ ..__..._ ......... . _._......._.._- . _..... ......-- _..__..... ._..._ .. ......- Portfolio CITY AP Run Date:08/04/2004-1 6:15 PM(PRF_PM5)SyrnRept 6.40.118 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 07/31/04 � = Carrying Cose lus p W REM t rip Accrued Iri#erestPurch FairValueAccrued�lnterest United States Treasury: Bills $ 2,087,403,513.88 $ 2,091,639,000.00 NA Notes $ 4,808,432,525.06 $ 4,793,777,250.00 $ 35,121,058.25 Federal Agency: SBA $ 533,631,639.31 $ 527,068,479.33 $ 1,230,206.30 MBS $ 371,262,782.84 $ 363,994,682.06 $ 1,674,533.98 Bonds $ 3,777,732,773.85 $ 3,758,971,240.20 $ 33,595,744.74 Floaters $ - $ - $ - Discount Notes $ 11,521,708,957.26 $ 11,545,760,754.90 NA FHLMC PC $ 3,076,118.41 $ 3,342,440.45 $ 49,492.14 GNMA $ 449,050.12 $ 512,240.66 $ 4,442.21 Bankers Acceptances $ - $ - NA Bank Notes $ 600,000,000.00 $ 599,553,301.00 $ 1,893,444.44 CDs $ 9,050,044,251-.23 $ 9,043,006,812.80 $ 26,173,968.68 Commercial Paper $ 6,941,571,880.64 $ 6,956,040,713.89 NA Corporate: Floaters $ - $ - $ - Bonds $ 1,451,296,335-.63 $ 1,450,118,442.16 $ 26,369,357.69 Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,879,795,000:00 $ 5,879,795,000.00 NA AB 55&GF Loans $ 4,771,188,665.83 $ 4,771,188,665.83 NA TOTAL $ 51,797,593,494.06 $ 51,784,769,023.28 $ 126,112,248.43 Fair Value Including Accrued Interest $ 51,910,881,271.71 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of June 30, 2004 Summary of investments by type Market Value Market Value Par Value Investment Type as of 5/31/04 as of 6/30/04 $1,494,106 Local Agency Investment Fund (LAIF) $1,494,106 $1,494,106 $9,428,677 Investment Agreements $11,501,415 $9,428,677 $1,484,467 Money Market Funds $913,599 $1,484,467 $330,488 US Treasury Securities $330,488 $330,488 $12,737,738 $14,239,608 $12,737,738 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 5/31/04 as of 6/30/04 $1,649,295 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,295 $1,649,295 $591,453 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $591,411 $591,453 $2,660,771 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $4,174,891 $2,660,771 $2,694,998 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,694,961 $2,694,998 $1,294,789 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,276,250 $1,294,789 $174,037 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,036 $174,037 $1,650,278 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,649,306 $1,650,278 $763,063 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $763,063 $763,063 $873,725 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $883,852 $873,725 $223,750 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $221,102 $223,750 $47,742 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $47,719 $47,742 $113,837 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $113,723 $113,837 $12,737,738 $14,239,608 $12,737,738 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2004 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (03-31-04) (06-30-04) ICMA Retirement Corporation (457 Plan) $18,085,899 $380,257 ($440,007) $72,059 $6,442 $18,104,649 ICMA Retirement Corporation (401 Plan) $335,730 $17,898 $0 $2,149 $0 $355,777 Nationwide Retirement Solutions (457 Plan) $44,457,991 $1,064,976 ($519,614) $448,822 ($200) $45,451,976 Trust Deeds $17,532 $0 $0 $0 $0 $17,532 Total Deferred Compensation Plan Balances $62,897,152 $1,463,131 ($959,621) $523,030 $6,242 $63,929,934 July 2004 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA July Treasurer' s Report Shari L. Freidenrich , CPA , CCMT , CPFA September 20, 2004 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA July 2004 Investment Summary ( in millions) Financial Information: June July Inc./(Dec.) End of Month City Portfolio $140.112 $136.658 ($3.454) End of Month Market Value $139.432 $136.163 ($3.269) Interest Earned for Month $0.263 $0.279 $0.016 Earned Interest Yield Year to Date 2.47% 2.46% -0.01 % Average Maturity ( in days) 570 549 (21 ) YTD Average Daily Balance $116.530 $118.824 $2.294 Summary by Type: July %of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $59.443 43% None 1078 3.05% LAIF (State Pool) $38.998 28% $40 million 1 1 .60% U.S.Treasury Notes $8.974 7% None 863 2.96% Medium Term Notes $3.480 3% 20% 449 5.52% Discount Comm. Paper $7.978 6% 25% 69 1 .36% Discount Federal Agy $17.785 13% None 61 1 .27% Total $136.658 100% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: July 2004 Investment Summary Report COUNCIL MEETING DATE: SEPTEMBER 20, 2004 MnMw- RCAATTACHMENTS� = STATUS_ - ` Ordinance (w/exhibits & legislative draft if applicable Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney Not Applicable Subleases, Third Party Agreements, etc. Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable 4- „yr. zEXPLANA�TION FOR�MISSING �TACHMENT�S REVIEWED „ .;r RETURNED :FORWARDED Administrative Staff uiY' Assistant City Administrator Initial City Administrator Initial ) City Clerk RE EXPLANATION F:OR TUR N =OFITEM _ x Only)(Below Space For City Clerk's Use RCA Author: slf 011111", 6U�) Council/Agency Meeting Held: D Deferred/Continued to: "JCZW4�� - )(Approved ❑ Conditionally Approved ❑ Denied Ci erk' Sign re Council Meeting Date: 8/2/04 Departme D Number: CT04-15 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS o �c SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CITY TREASUR -0 3 SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JUNE 204 INVESTMENT SUMMARY REPORT � Ea men t:oflssue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for June 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for June 2004, pursuant to Section 17.0 of the Investment. Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not applicable Environmental Status: Not applicable Attachment(s): City Clerk's Page Number No. Description 1 Monthly Investment Report and Summary of Investments for June 2004 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. June 2004 PowerPoint Presentation Monthly Investment Report and Summary of Investments for June 2004 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for June, 2004 City Investment Portfolio: May June Inc./(Dec.) End of month City Portfolio Balance $134,796,651 $140,112,292 $5,315,641 End of month General Fund Balance $21,419,717 $25,251,060 $3,831,343 Earned Interest Yield Average 2.24% 2.33% 0.09% Average Maturity( in days) 558 570 12 End of Month Market Value $134,172,052 $139,432,478 $5,260,426 End of month bank cash balance $6,234,489 $7,156,024 $921,535 Bond Proceeds Investments:* April May Inc./(Dec.) End of Month Bond Reserve Par Value $14,154,263 $14,239,608 $85,345 End of Month Bond Reserve Market Value $14,154,263 $14,239,608 $85,345 Deferred Compensation Investments:** December March Inc./(Dec.) Participant Balances $61,803,246 $62,897,166 $1,093,920 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $166,667 $263,289 $96,622 Interest Earned Year to Date $1,499,999 $2,160,603 $660,604 Earned Interest Yield Year to Date 2.22% 2.47% 0.25% *Bond Proceeds Statements lag by one month. "Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. June %of Total Policy Limit to Mat. Rate Federal Agency Issues -Coupon $61,438,554 44% None 1109 3.10% Local Agency Inv. Fund (LAIF) $39,465,517 28% $40 million 1 1.47% U.S. Treasury Notes-Coupon $8,973,341 6% None 894 2.96% Medium Term Notes $3,480,370 3% 20% 480 5.52% Disc. Commercial Paper $10,970,603 8% 25% 71 1.26% Disc. Federal Agy Issues $15,783,907 11% None 77 1.18% $140,112,292 100% City of HB Portfolio Management Portfolio Summary June 30, 2004 Par Market Book %of Daysto YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 61,490,000.00 60,650,603.10 61,438,553.74 43.85 1,361 1,109 3.056 3.099 Local Agency Investment Funds 39,465,516.85 39,465,516.85 39,465,516.85 28.17 1 1 1.449 1.469 Treasury Securities-Coupon 9,000,000.00 8,990,950.00 8,973,341.12 6.40 957 894 2.918 2.958 Medium Term Notes 3,481,000.00 3,583,265.85 3,480,369.63 2.48 1,605 480 5.440 5.516 Commercial Paper Disc.-Amortizing 11,000,000.00 10,966,190.00 10,970,603.33 7.83 118 71 1.245 1.263 Federal Agency Disc.-Amortizing 15,825,000.00 15,775,952.50 15,783,907.31 11.27 146 77 1.159 1.175 140,261,516.85 139,432,478.30 140,112,291.98 100.00% 724 570 2.298 2.330 Investments Cash and Accrued Interest Accrued Interest at Purchase 33,707.58 33,707.58 Subtotal 33,707.58 33,707.58 Total Cash and Investments 140,261,516.85 139,466,185.88 140,145,999.56 724 570 2.298 2.330 Total Earnings June 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 263,288.90 2,160,603.43 Current Budget 166,667.00 1,499,999.00 2,000,000.00 Last Year Actual 267,696.17 2,619,469.97 3,330,314.47 Average Daily Balance 138,062,935.51 116,529,696.29 Effective Rate of Return 2.32% 2.47% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 15,2003. 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 pro 'ded by Union Bank via Merrill Lynch and J.J.Kenney pricing services. In, -7 S . F EID RI H,CITY TREASURER Portfolio CITY AP Run Date:07/19/2004-16:37 PM(PRF_PM1)SymRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments June 30, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1.981,260.00 2,000,000.00 2.730 AAA 2.730 819 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 987,190.00 1,000,000.00 2.850 AAA 2.850 964 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1.000,000.00 987,810.00 1,000,000.00 3.500 AAA 3.500 1.384 04/15/2008 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,945,000.00 2,000,000.00 3.020 AAA 3.020 1,376 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,949,380.00 2.000,000.00 2.400 AAA 2.400 988 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,949,380.00 2,000,000.00 2.270 AAA 2.270 936 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1.954,380.00 2,000,000.00 3.320 AAA 3.320 1,488 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,923,120.00 2,000,000.00 2.900 AAA 2.900 1.489 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,844,801.50 1,850,000.00 4.000 AAA 4.000 1,551 09/29/2008 3133XIZNO 3183 Federal Home Loan Bank 11/20/2003 1,000,000.00 992,810.00 1.000,000.00 3.340 AAA 3.341 1,145 08/20/2007 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,099,211.60 2,119,202.13 2.375 AAA 2.806 865 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 983,130.00 1,000,000.00 2.640 AAA 2.641 820 09/29/2006 31339YFL1 3198 Federal Home Loan Bank 12/18/2003 2,000,000.00 1,975,000.00 1,988,601.82 1.885 AAA 2.260 571 01/23/2006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,981,880.00 2,000,000.00 3.000 AAA 3.000 964 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,957,500.00 2,000,000.00 2.800 AAA 2.801 1,110 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,979,380.00 2.000,000.00 3.070 AAA 3.070 1,030 04/27/2007 3133X6WP7 3232 Federal Home Loan Bank 04/29/2004 2,000,000.00 1,987,500.00 2,000,000.00 3.080 AAA 3.079 942 01/29/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,480,320.00 1,477,264.21 2.750 AAA 3.390 910 12/28/2006 312925A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,003,120.00 1,997,991.91 4.500 AAA 4.537 1,117 07/23/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,931,920.00 2,000,000.00 3.000 AAA 3.000 1,482 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,652,480.00 2,000,000.00 3.000 AAA 3.000 1,301 01/23/2008 3128XtE45 3173 Federal Home Loan Mort Corp 09/03/2003 1,000,000.00 1,003,400.00 1,000,000.00 4.300 AAA 4.300 1,525 09/03/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1,000,000.00 992,230.00 1,000,000.00 2.625 AAA 2.625 729 06/30/2006 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,972,020.00 2,003,559.14 2.750 AAA 2.678 953 02/09/2007 3128X1DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1,965,620.00 2,004,458.63 2.500 AAA 2.404 886 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,972,020.00 2,006,556.89 2.750 AAA 2.618 953 02/09/2007 3128X3MZ3 3243 Federal Home Loan Mort Corp 06/28/2004 2,000,000.00 2,010,900.00 2,000,000.00 4.250 AAA 4.250 1,275 12/28/2007 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,018,130.00 1,000,000.00 5.010 AAA 5.010 958 02/14/2007 3136F1 WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,025,310.00 1,000,000.00 5.350 AAA 5.350 1,015 04/12/2007 31359MSC8 3148 Fed.Nat'l Mort.Assoc. 06/04/2003 2,000,000.00 1,956,260.00- 1,996,860.00 2.000 AAA 2.042 1,434 06/04/2008 3136F4CJ1 3171 Fed.Nat'l Mort.Assoc. 09/08/2003 2,000,000.00 2,006,260.00 2,000,000.00 4.200 AAA 4.200 1,530 09/08/2008 3136173VT0 3193 Fed.Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 1,964,380.00 1,984,309.07 2.100 AAA 2.510 725 06/26/2006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 1,985,000.00 2,000,000.00 3.000 AAA 3.000 911 12/29/2006 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 03/22/2004 2,000,000.00 1,983,120.00 2,009,749.94 2.750 AAA 2.510 771 08/11/2006 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,949,380.00 2,000,000.00 3.610 AAA 3.610 1,733 03/30/2009 Subtotal and Average 59,637,577.79 61,490,000.00 60,650,603.10 61,438,553.74 3.099 1,109 Portfolio CITY AP Run Date:07/192004-16:37 PM(PRF_PM2)SymRept 6.40.116 Report Ver.5.00 City of 1-113 Portfolio Management Page 3 Portfolio Details - Investments June 30, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Local Agency Investment Funds SYS982 982 Laif City 19,965,963.74 19,965,963.74 19,965,963.74 1.469 NR 1.469 1 SYS2206 2206 LAIF-Redevelopment Agency 19,499,553.11 19,499,553.11 19,499,553.11 1.469 NR 1.469 1 Subtotal and Average 39,215,516.85 39,465,516.85 39,465,516.85 39,465,516.85 1.469 1 Treasury Securities-Coupon 912828BJ8 3175 US Treasury Bill 09/02/2003 1,000,000.00 997,810.00 1,000,000.00 2.000 AAA 2.000 426 08/31/2005 912828CF5 3234 US Treasury Bill 05/12/2004 2,000,000.00 1,986,260.00 1,988,225.10 2.250 AAA 2.580 668 04/30/2006 912828CG3 3235 US Treasury Bill 05/17/2004 2,000,000.00 2,000,000.00 1,995,918.86 3.125 AAA 3.195 1,048 05/15/2007 912828ANO 3244 US Treasury Bill 06/10/2004 2,000,000.00 1,981,260.00 1,969,888.27 3.000 AAA 3.473 1,232 11/15/2007 9128277F3 3246 US Treasury Bill 06/14/2004 2,000,000.00 2,025,620.00 2,019,308.89 3.500 AAA 3.068 867 11/15/2006 Subtotal and Average 7,506,958.61 9,000,000.00 8,990,950.00 8,973,341.12 2.958 894 Medium Term Notes 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 999,830.00 1,003,518.76 2.850 Aaa 2.590 518 12/01/2005 172967AV3 2981 Citibank NA - 12/05/2000 481,000.00 504,015.85 477,863.97 6.250 Aa 6.800 518 12/01/2005 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,031,770.00 999,704.22 7.500 Aa3 7.559 225 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,047,650.00 999,282.68 5.750 Aa 5.795 678 05/10/2006 Subtotal and Average 4,146,977.89 3,481,000.00 3,583,265.85 3,480,369.63 5.516 480 Commercial Paper Disc.-Amortizing 17307JHD7 3219 Citigroup Global 03/19/2004 2,000,000.00 1,996,880.00 1,997,491.67 1.050 Aa 1.069 43 08/13/2004 36959HKN6 3237 General Electric Capital Corp 05/21/2004 2,000,000.00 1,990,080.00 1,991,399.45 1.370 Aaa 1.397 113 10/2212004 36959HLF2 3239 General Electric Capital Corp 05/21/2004 2,000,000.00 1,987,360.00 1,988,811.66 1.470 Aaa 1.501 137 11/15/2004 36959HL47 3240 General Electric Capital Corp 06/03/2004 1,000,000.00 994,190.00 994,960.00 1.440 Aaa 1.469 126 11/04/2004 61745AGP8 3245 Morgan Stanley Dean Witter 06/10/2004 2,000,000.00 1,998,440.00 1,998,582.22 1.160 Al P1 1.178 22 07/23/2004 71708EGC3 3238 Pfizer,Inc. 05/21/2004 2,000,000.00 1,999,240.00 1,999,358.33 1.050 A1+ 1.066 11 07/12/2004 Subtotal and Average 12,032,775.59 11,000,000.00 10,966,190.00 10,970,603.33 1.263 71 Federal Agency Disc.-Amortizing 313396ZP1 3220 Federal Home Loan Mort Corp 03/19/2004 2,000,000.00 1,998,800.00 1,999,000.00 1.000 AAA 1.017 18 07/19/2004 313396C35 3227 Federal Home Loan Mort Corp 04/15/2004 2,000,000.00 1,996,800.00 1,997,291.11 1.060 AAA 1.079 46 08/16/2004 313396M26 3233 Federal Home Loan Mort Corp 04/28/2004 2,000,000.00 1,990,400.00 1,992,135.00 1.210 AAA 1.234 117 10/26/2004 313396H22 3242 Federal Home Loan Mort Corp 06/04/2004 2,000,000.00 1,993,600.00 1,993,979.17 1.275 AAA 1.298 85 09/24/2004 313588B87 3218 Fed.Nat'l Mort.Assoc. 03/17/2004 2,000,000.00 1,997.000.00 1,997,611.11 1.000 AAA 1.018 43 08/13/2004 313588F26 3228 Fed.Nat'l Mort.Assoc. 04/15/2004 2,000,000.00 1,994,320.00 1,995,860.00 1.080 AAA 1.100 69 09/08/2004 3135881-45 3231 Fed.Nat'l Mort.Assoc. 04/26/2004 2,000,000.00 1,990,800.00 1,992,600.00 1.200 AAA 1.224 111 10/20/2004 Portfolio CITY AP Run Date:07/19/2004-16:37 PM(PRF_PM2)SynnRept 6.40.118 City of 1-113 Portfolio Management Page 4 Portfolio Details - Investments June 30, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Disc.-Amortizing 313588N92 3241 Fed.Nat'l Mort.Assoc. 06/03/2004 1,825,000.00 1,814,232.50 1,815,430.92 1.430 AAA 1.459 132 11/10/2004 Subtotal and Average 15,523,128.78 15,825,000.00 15,775,952.50 15,783,907.31 1.175 77 Total and Average 138,062,935.51 140,261,516.85 139,432,478.30 140,112,291.98 2.330 570 J Portfolio CITY AP Run Date:07/19/2004-16:37 PM(PRF_PM2)SymRept 6.40.118 City of HB Portfolio Management Page 5 Portfolio Details -Cash June 30, 2004 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moodys 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 33,707.58 33,707.58 0 Subtotal 33,707.58 33,707.58 Total Cash and Investmentss 138,062,935.51 140,261,516.85 139,466,185.88 140,145,999.56 2.330 570 Portfolio CITY AP Run Date:07/19/2004-16:37 PM(PRF_PM2)SymRept 6.40.118 City of HB Portfolio Management Page Activity By Type June 1, 2004 through June 30, 2004 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3128X3MZ3 3243 Federal Home Loan Mort Corp 4.250 06/28/2004 2,000,000.00 0.00 Subtotal 2,000,000.00 0.00 61,438,553.74 Local Agency Investment Funds (Monthly Summary) SYS2206 2206 LAIF-Redevelopment Agency 1.469 3,500,000.00 4,000,000.00 Subtotal 3,500,000.00 4,000,000.00 39,465,516.85 Treasury Securities-Coupon 912828ANO 3244 US Treasury Bill 3.000 06/10/2004 1,969,375.00 0.00 9128277F3 3246 US Treasury Bill 3.500 06/14/2004 2,019,687.50 0.00 Subtotal 3,989,062.50 0.00 8,973,341.12 Medium Term Notes 929771AN3 2978 Wachovia Corp 6.700 06/21/2004 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 3,480,369.63 Commercial Paper Disc.-Amortizing 02581RFJ7 3214 American Express 1.000 06/18/2004 0.00 2,000,000.00 17307JFA5 3206 Citigroup Global 1.040 06/10/2004 0.00 2,000,000.00 36959HL47 3240 General Electric Capital Corp 1.440 06/03/2004 993,840.00 0.00 61745AGP8 3245 Morgan Stanley Dean Witter 1.160 06/10/2004 1,997,228.89 0.00 Subtotal 2,991,068.89 4,000,000.00 10,970,603.33 Federal Agency Disc.-Amortizing 313396H22 3242 Federal Home Loan Mort Corp 1.275 06/04/2004 1,992,066.67 0.00 313588XQ3 3215 Fed.Narl Mort.Assoc. 0.970 06/02/2004 0.00 2,000,000.00 313588N92 3241 Fed.Narl Mort.Assoc. 1.430 06/03/2004 1,813,401.11 0.00 Subtotal 3,805,467.78 2,000,000.00 15,783,907.31 Total 16,285,699.17 11,000,000.00 140,112,291.98 Portfolio CITY AP Run Dale:07/19/2004-16:37 PM(PRF_PM3)SymRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary June 2003 through June 2004 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity June 2003 55 114,509,461.61 2.740 2.778 1.697 7 6 738 503 July 2003 55 116,351,329.91 2.600 2.636 1.653 10 10 772 538 August 2003 46 108,011,271.13 2.636 2.672 1.632 4 13 767 536 September 2003 47 105,317,339.67 2.671 2.708 1.635 10 9 832 632 October 2003 45 99,211,462.32 2.721 2.759 1.596 2 4 858 64L November 2003 40 95,493,138.52 2.852 2.891 1.572 2 7 .948 718 December 2003 54 107,494,036.71 2.585 2.621 1.545 18 4 847 668 January 2004 54 118,480,571.63 2.474 2.509 1.528 2 2 785 595 February 2004 53 119,578,552.03 2.431 2.465 1.440 7 8 783 596 March 2004 50 116,721,608.70 2.270 2.302 1.474 11 14 722 567 April 2004 56 120,387,371.15 2.233 2.264 1.445 8 2 701 549 May 2004 57 133,674,753.55 2.253 2.284 1.426 6 5 711 558 June 2004 60 138,062,935.51 2.298 2.330 1.469 7 4 724 570 Average 52 114,846,417.81 2.520% 2.555% 1.547 7 7 784 590 Portfolio CITY AP Run Date:07/19/2004-16:37 PM(PRF_PM4)SymRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type June 2003 through June 2004 June July August September October November December January February March April May June Average Security Type 2003 2003 2003 2003 2003 2003 2003 2004 2004 2004 2004 2004 2004 by Period Repurchase Agreements ..- _. ._ ....... _- ..... ......... ......... ......... . ................. .... .......... . ......_. _ ....... ..... ....... .....--_ -. ..... ......... .-....................... ........---.... ......... ......... ......... .... Certificates of Deposit ... _.......-.. ... ............... .............. ............... .......... ....... ......-...................................................... ............................. ....._........_..... ..... - ............... ....._.. _.............. ..... ..................................._._........-- Commercial Paper-Interest Bearing ....... .. ........... ......... . .................... _ .... -......- _ ......... _-...... ...... _ ..... _. _ ....-..... -......... --- ............................... ---........ ..... ....-------..................... - _. ..... . ._.....- Federal Agency Issues-Coupon 39.0 39.5 40.1 42.9 44.6 50.4 50.0 46.1 49.1 45.2 44.7 44.1 43.9 44.6% .................................................................... ........_......._._................................... .... .................... ........-.........................................................-.. ... ................... ......-..................................................._................................... Local Agency Investment Funds 33.5 26.7 37.9 33.0 34.3 38.5 31.0 31.9 32.3 32.3 30.3 29.7 28.2 32.°' . ...... .. ....._.. .............................----- .. _-.--- _._.-- _.-......- .....-.... ....._.-..-...- .... ..... - . ....- -..... - ...-...... - ......... _................................ ... ..................... - ............ Treasury Securities-Coupon 0.9 0.9 1.0 1.0 1.1 0.9 0.8 0.8 0.8 0.8 3.7 6.4 1.1 .... ..... ........ __.... .... ............ . ........ ..-....... ......... .- ...... -.-...-.. ......... ........ _........ ........- - ......... .....__........._- ......- .. ......- .............. .. _ ......... Medium Term Notes 6.4 5.8 6.0 6.2 6.4 5.8 4.7 4.6 3.8 3.8 3.4 3.3 2.5 4.8% _............._._........ ...................-......................... -- -............._......_......_.._..._._.... ...-......_.........-......................................... ......-.---...........................................................--.............. - ........................ ......... ......................._._...... - Negotiable CD's ...... .. .................. ..... - ......... ......... ......_. .__.... ......... ... ... ............................ ......-. ... ....._-........ . . ......... ..... - ..........-.-.................. _ -............ .._.. ......... .._.....- Certificates of Deposit-Bank ...................--...................I. ........ ........................................ ..._......-------------------........-__.....--................................................. --.......------------------------------------------------------------ ----------------------------------------------...-........- ..._................. Mortgage Backed Securities .... ....... ......... ........-- .......... .....- ... - ......... ........-. ......... ......... .......- _-. - .. ....... ..._.... _................. ........---........ ......... _....-.--........-...............-...................................... ......---....-..- Bankers Acceptances-Amortizing ......................................................_.. ........-.- ......... ......-....................................................................................----............................................................._------- -----------------------------------........... ........-.-..............._............_......................... ..._...._.. Commercial Paper Disc.-Amortizing 10.3 15.1 10.4- 15.2 11.8 4.3 8.5 11.7 10.9 12.9 10.2 8.9 7.8 10.6% ... .......- . ......... ....._.-.._ _......... ....--.................................................................. ......... ......... ........- .................................... _..... _......._ ..... ....._.. .. .....-- ... -- ......... ......... .........- ..- Federal Agency Disc.-Amortizing 8.2 10.2 5.5 1.9 2.0 5.0 4.9 3.2 5.0 10.6 10.4 11.3 6.0% ....................._.........-_...._.-_......I.._........... -- ................. - ..... -......_........ - ............. ........ ........ .. ......................... ........ .. .... -- ........ .............................. _......... ........ .......... ... - Treasury Discounts-Amortizing 1.7 1.8 0.3% _..... _-._...... ...... ..... ......... ......... ....._-......_..._.. ......... - ...._... .-........ ...-..---- -. ..._..... ........_. ......... .....--.-....... ....---.... .. Miscellaneous Discounts.Amortizing ............................. ................. _............ ........ .......... .........................................................................-................. ........ .......- - -......._......_...._.......-._......._....................... ........... .......- .....-..-......................... Rolling Repurchase Agreements .... .......... _.. _....... -........... ... .-......- ....... ........................ ......... ......- .... ........- ......... ......_..-....--- ......... ....-- .......................... ...... .... ..... ......._.. ......... Portfolio CITY AP Run Date:07/19/2004-16:37 PM(PRF_PM5)SymRept 6.40.118 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 6/30/2004 ��. ,. Description- ,Accrued interestPurch �_x_:_ Amort�zedH#Cost s � ��air�Vaiue�� .= `Accruenterest United States Treasury: Bills $ 2,485,515,152.76 $ 2,490,877,440.62 $ 2,488,627,000.00 NA Notes $ 5,218,873,492.64 $ 5,218,122,386.33 $ 5,193,458,750.00 $ 24,928,821.75 Federal Agency: SBA $ 530,353,637.82 $ 530,341,157.20 $ 523,888,715.58 $ 1,220,484.02 MBS $ 389,460,502.03 $ 389,460,502.03 $ 378,179,358.46 $ 1,755,713.36 Bonds $ 3,733,397,279.24 $ 3,730,707,001.46 $ 3,708,102,712.50 $ 25,719,307.49 Floaters $ - $ - $ - $ - Discount Notes $ 11,186,899,553.57 $ 11,201,458,440.53 $ 11,196,257,452.30 NA FHLMC PC $ 3,192,482.42 $ 3,192,482.42 $ 3,472,099.86 $ 51,389.97 GNMA $ 452,990.59 $ 452,990.59 $ 515,855.23 $ 4,481.20 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 1,224,975,035.85 $ 1,224,975,035.85 $ 1,224,248,996.00 $ 2,392,916.67 CDs $ 9,290,086,092.67 $ 9,290,053,703.79 $ 9,279,115,629.90 $ 16,784,490.31 Commercial Paper $ 11,127,356,544.93 $ 11,143,567,806.49 $ 11,140,252,879.31 NA Corporate: Floaters $ - $ - $ - $ - Bonds $ 1,633,228,160.67 $ 1,629,999,373.80 $ 1,623,968,779.20 $ 27,646,750.75 Repurchase Agreements $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 5,796,795,000.00 $ 5,796,795,000.00 $ 5,796,795,000.00 NA AB 55&GF Loans $ 4,980,113,232.85 $ 4,980,113,232.85 $ 4,980,113,232.85 NA TOTAL $ 57,600,699,158.04 $ 57,630,116,553.97 $ 57,536,996,461.19 1 $ 100,504,355.52 Fair Value Including Accrued Interest $ 57,637,500,816.71 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost(.998384177). 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 $19,967,337.06 or$20,000,000.00 x .998384177 Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Flsoal Agent as of May 31, 2004 Summary of investments by type Market Value Market Value Par Value Investment Type as of 4/30/04 as of 5/31/04 $1,494,106 Local Agency Investment Fund (LAIF) $1,489,282 $1,494,106 $11,501,415 Investment Agreements $11,491,158 $11,501,415 $913,599 Money Market Funds $843,335 $913,599 $330,488 US Treasury Securities $330,488 $330,488 $14,239,608 $14,154,263 $14,239,E Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 4/30/04 as of 5/31/04 $1,649,295 Redevelopment Agency of Huntington Beach -2002 Tax Allocation Refunding Bonds $1,649,295 $1 649,295 $591,41 1 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $591,019 �t91,411 $4,174,891 Huntington Beach PFA- 2001 Series A(South Beach Improvements & Central Park Sports Complex) $4,164,846 $4,174,891 $2,694,961 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Reflnance) $2,694,924 $2,694,961 $1,276,250 City of Huntington Beach -2001 Community Facilities District (Grand Coast-Hyatt) $1,276,250 $1,276,250 $174,036 City of Huntington Beach -90-1 Community Facilities District Special Tax Refunding $174,036 $174,036 $1,649,306 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt, Facility, Energy Retrofit, SB Phase 1) $1,577,243 $1,649,306 $763,063 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $760,278 $763,0r $883,852 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $883,852 $883,85[ $221,102 City of Huntington Beach - Multi-Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $221,102 $221,102 $47,719 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopmer t Projects $47,695 $47,719 $113,723 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $113,723 $113,723 $14,239,608 $14,154,263 $14,239,608 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2004 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (12-31-03) (03-31-04) ICMA Retirement Corporation (457 Plan) $17,493,191 $394,427 ($111,131) $317,037 ($7,625) $18,085,899 lCMA Retirement Corporation (401 Plan) $307,835 $21,401 $0 $6,494 $0 $335,730 Nationwide Retirement Solutions (467 Plan) $43,665,516 $836,605 ($794,540) $750,575 ($150) $44,458,006 Trust Deeds $336,704 $0 ($319,172) $0 $0 $17,532 Total Deferred Compensation Plan Balances--,-,---- $61,803,246 $1,252,433 ($1,224,844) $1,074,106 ($7,775) $62,897,�, 66: June 2004 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA TREASURER' S "IT g � i £ 6 Shari L . Freidenrich , CPA, CCMT , CPFA August 2, 2004 Slide 1 I Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Balance Trends Portfolio Balances by T pe $117M $123M $108M $116 $119M $140M ° � 100 /o T jj s OEM 80% Us Treas '3 Med Notes u 0 LAI F 60% of IN Fed Ag 40°/ ° CP S ° 0 Rep u r / • 20 /° Pill 0 /o Slide 2 Jun-00 Jun-01 Jun-02 Jun-03 Mar-04 Jun-04 Treasurers Report - Shari L. Freidenrich, CPA, CCMT, CPFA Summary of Investment by City Fund June 30, 2004 27 g� � �� f� �, $ $12 776 7205 w 830 $23 31 A �t1�PC1'idI SGt'UICE $20 507 F + rcary j ($111) 61 771 , ; M" ` ycia "krrne Slide 3 i Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Percentages By Type of Investment Federal Agencies 44% M // / Commerciaj ys� , �� /��H /� \ / �f.r✓ s3.�i/5 d -- s,q ys ��'Qi % �,i�/ Paper Txw LAIF SlichooA v S Yx�kP ✓.,/�� 6Y 4�f ,yam �\\\ Fed. Agcy � h Discount 11% Treasury Sec. 6% Notes 3% Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Li u id it a y Investment Maturities by Days, Ending June 2003/2004 1 Day 40°/Q 34% Q 2-180 Days 28 /° 30°/Q a 25% Q 24°/Q 0 .5 - 1 Yr. 16°/Q 19 /° 1 - 1 .5 Yr. 20 /Q 9Q/Q 1 .5 - 2 Yr. ry 9% N 112 3 Yr. Q 2 10°Q ° 0 /o / 3 - 4 Yr. 5 Yr. 3% 1 % 12% 1% 6% 11 % Slide 5 2003 2004 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $8,496,961 $1570003000 $17862,324 $57 000,000 y«� ($5,000,000) ' j a $6 426 108 Will ($15,0003000) 'i y ($25,6041794) ($25,4061743) ($25,2571748) ($359000,000) Jul-04 Aug-04 Sep-04 Oct-04 Nov-04 Dec-04 Slide 6 i j Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Investment Yields Trends , j 5.00% 4.00% 3.39% 2.65% 2.57% 2.47% 3.00% ' v �� 1 .75% F 1.60% ° 2.00% 1 .68% -10 a ' 1.57 /° i \\ E OWN 1 .00 /° ,\ FP 0.00% Jun-03 Dec-03 Mar-04 Jun-04 Slide 7 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA Summary • Recommendation to City Council Slide 8 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: June 2004 Investment Summary Report COUNCIL MEETING DATE: August 2, 2004 RCA.ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over$5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable r. EXPLANATION FOR MISSING, ATTACHMENTS REVIEWED . : _ _ RETURNED F0 RDED Administrative Staff Assistant City Administrator Initial City Administrator Initial rCity Clerk ° EXPLANATION .F:OR;RETURN OF:ITEM _ „a SpaceOnly) RCA Author: slf Council/Agency Meeting Held: Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied Ci ler Sig a re Council Meeting Date: 7/19/04 Departmen Number: CT04-14 CITY OF HUNTINGTON BEACH ~~ REQUEST FOR COUNCIL ACTION Q SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS _ `, -` SUBMITTED BY: SHARI L. FREIDENRICH, CITY TREASUR� PREPARED BY: SHARI L. FREIDENRICH, CITY TREASURi�� r� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MAY 2004 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for May 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable Recommended Action: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for May 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report Analysis: Not applicable Environmental Status: Not applicable Attachment(s): City Clerk's . - Number No. Description 1 Monthly Investment Report and Summary of Investments for May 2004 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. May 2004 PowerPoint Presentation r C 3� Monthly Investment Report and Summary of Investments for May 2004 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for May, 2004 City Investment Portfolio: April May Inc./(Dec.) End of month City Portfolio Balance $131,816,347 $134,796,651 $2,980,304 End of month General Fund Balance $19,448,681 $21,419,717 $1,971,036 Earned Interest Yield Average 2.31% 2.24% -0.07% Average Maturity ( in days) 549 558 9 End of Month Market Value $131,578,370 $134,172,052 $2,593,682 End of month bank cash balance $4,560,910 $6,234,489 $1,673,579 Bond Proceeds Investments:* March April Inc./(Dec.) End of Month Bond Reserve Par Value $15,487,654 $14,154,263 ($1,333,391) End of Month Bond Reserve Market Value $15,487,654 $14,154,263 ($1,333,391) Deferred Compensation Investments:** December March Inc./(Dec.) Participant Balances $61,803,246 $62,897,166 $1,093,920 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $166,667 $253,877 $87,210 Interest Earned Year to Date $1,333,332 $1,897,299 $563,967 Earned Interest Yield Year to Date 2.22% 2.49% 0.27% 'Bond Proceeds Statements lag by one month. —Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. May % of Total Policy Limit to Mat. Rate Federal Agency Issues -Coupon $59,436,534 44% None 1134 3.06% Local Agency Inv. Fund (LAIF) $39,965,517 30% $40 million 1 1.43% U.S. Treasury Notes -Coupon $4,983,498 4% None 802 2.71% Medium Term Notes $4,480,212 3% 20% 400 5.83% Disc. Commercial Paper $11,967,363 9% 25% 75 1.18% Disc. Federal Agy Issues $13,963,527 10% None 83 1.09% $134,796,651 100% City of HB Portfolio Management Portfolio Summary May 31, 2004 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 59,490,000.00 58,681,122.20 59,436,534.51 44.09 1,364 1,134 3.018 3.060 Local Agency Investment Funds 39,965,516.85 39,965,516.85 39,965,516.85 29.65 1 1 1.406 1.426 Treasury Securities-Coupon 5,000,000.00 4,992,810.00 4,983,498.32 3.70 870 802 2.673 2.710 Medium Term Notes 4,481,000.00 4,605,862.86 4,480,211.51 3.32 1,542 400 5.749 5.829 Commercial Paper Disc.-Amortizing 12,000,000.00 11,966,440.00 11,967,363.33 8.88 129 75 1.168 1.184 Federal Agency Disc.-Amortizing 14,000,000.00 13,960,300.00 13,963,526.67 10.36 140 83 1.079 1.094 134,936,516.85 134,172,051.91 134,796,651.19 100.00% 711 558 2.253 2.284 Investments Cash and Accrued Interest Accrued Interest at Purchase 37,789.71 37,789.71 Subtotal 37,789.71 37,789.71 Total Cash and Investments 134,936,516.85 134,209,841.62 134,834,440.90 711 558 2.253 2.284 Total Earnings May 31 Month Ending Fiscal Year To Date Fiscal Year Ending _ Current Year 253,876.88 1,897,298.79 Current Budget 166,667.00 1,333,332.00 2,000,000.00 Last Year Actual 240,120.18 2,351,773.80 3,330,314.47 Average Daily Balance 133,674,753.55 113,882,166.88 Effective Rate of Return 2.24% 2.49% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 15,2003. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. SH L.F ID N14tCH,CITY TREASURER Portfolio CITY AP Run Date:06/08/2004-12:46 PM(PRF_PM1)SymRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments May 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1,983,760.00 2,000,000.00 2.730 AAA 2.730 849 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 988,130.00 1,000,000.00 2.850 AAA 2.850 994 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 986,250.00 1,000,000.00 3.500 AAA 3.500 1,414 04/15/2008 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,940,620.00 2,000,000.00 3.020 AAA 3.020 1,406 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,950,620.00 2,000,000.00 2.400 AAA 2.400 1,018 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,006.00 1,950,000.00 2,000,000.00 2.270 AAA 2.270 966 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,949,380.00 2,000,000.00 3.320 AAA 3.320 1,518 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,917,500.00 2,000,000.00 2.900 AAA 2.900 1,519 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,842,489.00 1,850,000.00 4.000 AAA 4.000 1,581 09/29/2008 3133X1ZN0 3183 Federal Home Loan Bank 11/20/2003 1,000,000.00 992,810.00 1,000,000.00 3.340 AAA 3.341 1,175 08/20/2007 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,101,223.20 2,118,469.81 2.375 AAA 2.806 895 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 984,690.00 1,000,000.00 2.640 AAA 2.641 850 09/29/2006 31339YFL1 3198 Federal Home Loan Bank 12/18/2003 2,000,000.00 1,977,500.00 1,987,993.38 1.885 AAA 2.260 601 01/23/2006 3133X42E0 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,983,760.00 2,000,000.00 3.000 AAA 3.000 994 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,957,500.00 2,000,000.00 2.800 AAA 2.801 1,140 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,980,620.00 2,000,000.00 3.070 AAA 3.070 1,060 04/27/2007 3133X6WP7 3232 Federal Home Loan Bank 04/29/2004 2,000,000.00 1,990,000.00 2,000,000.00 3.080 AAA 3.079 972 01/29/2007 3133X4RM5 3236 Federal Home Loan Bank 05/20/2004 1,500,000.00 1,482,660.00 1,476,503.81 2.750 AAA 3.390 940 12/28/2006 312925A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,008,120.00 1,997,937.24 4.500 AAA 4.537 1,147 07/23/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,929,680.00 2,000,000.00 3.000 AAA 3.000 1,512 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,951,260.00 2,000,000.00 3.000 AAA 3.000 1,331 01/23/2008 3128X1E45 3173 Federal Home Loan Mort Corp 09/03/2003 1,000,000.00 1,005,710.00 1,000,000.00 4.360 AAA 4.300 1,555 09/03/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1,000,000.00 996,740.00 1,000,000.00 2.625 AAA 2.625 759 06/30/2006 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,976,300.00 2,003,672.97 2.750 AAA 2.678 983 02/09/2007 3128X1DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1,971,880.00 2,004,611.85 2.500 AAA 2.404 916 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,976,300.00 2,006,766.60 2.750 AAA 2.618 983 02/09/2007 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,023,440.00 1,000,000.00 5.010 AAA 5.010 988 02/14/2007 3136F1 WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1.031,560.00 1,000,000.00 5.350 AAA 5.350 1,045 04/12/2007 31359MSC8 3148 Fed.Nat'l Mort.Assoc. 06/04/2003 2,000,000.00 1.953,120.00 1,996,793.33 2.000 AAA 2.042 1,464 06/04/2008 3136F4CJ1 3171 Fed.Nat'l Mort.Assoc. 09/08/2003 2,000,000.00 2,008,120.00 2,000,000.00 4.200 AAA 4.200 1,560 09/08/2008 3136F3VT0 3193 Fed.Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 1,968,760.00 1,983,650.71 2.100 AAA 2.510 755 06/26/2006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 1,991,880.00 2,000,000.00 3.000 AAA 3.000 941 12/29/2006 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 03/22/2004 2,000,000.00 1,985,620.00 2,010,134.81 2.750 AAA 2.510 801 08/11/2006 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,943,120.00 2,000,000.00 3.610 AAA 3.610 1,763 03/30/2009 Subtotal and Average 59,047,044.49 59,490,000.00 58,681,122.20 59,436,534.51 3.060 1,134 Portfolio CITY AP Run Date:06/08/2004-12:46 PM(PRF_PM2)SymRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments May 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Local Agency Investment Funds SYS982 982 Laif City 19,965.963.74 19,965,963.74 19,965,963.74 1.426 NR 1.426 1 SYS2206 2206 LAIF-Redevelopment Agency 19,999,553.11 19,999,553.11 19,999,553.11 1.426 NR 1.426 1 Subtotal and Average 39,916,484.59 39,965,516.85 39,965,516.85 39,965,516.85 1.426 1 Treasury Securities-Coupon 912828BJ8 3175 US Treasury Bill 09/02/2003 1,000.000.00 999,690.00 1,000,000.00 2.000 AAA 2.000 456 08/31/2005 912828CF5 3234 US'TreasuryBill 05/12/2004 2,000,000.00 1,990,620.00 1,987,696.29 2.250 AAA 2.580 698 04/30/2006 912828CG3 3235 US Treasury Bill 05/17/2004 2,000,000.00 2,002,500.00 1,995,802.03 3.125 AAA 3.195 1,078 05/15/2007 Subtotal and Average 3,247,974.14 5,000,000.00 4,992,810.00 4,983,498.32 2.710 802 Medium Term Notes 02687013133 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 1,003,630.00 1,003,725.74 2.850 Aaa 2.590 548 12/01/2005 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 507,002.86 477,679.49 6.250 Aa 6.800 548 12/01/2005 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,038,050.00 999,663.89 7.500 Aa3 7.559 255 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,054,380.00 999,250.52 5.750 Aa 5.795 708 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,002.800.00 999,891.87 6.700 Aa3 6.920 20 06/21/2004 Subtotal and Average 4,480,112.27 4,481,000.00 4,605,862.86 4,480,211.51 5.829 400 Commercial Paper Disc.-Amortizing 02581RFJ7 3214 American Express 03/10/2004 2,000,000.00 1,999,020.00 1,999,055.55 1.000 A1P1 1.017 17 06/18/2004 17307JFA5 3206 Citigroup Global 01/21/2004 2,000,000.00 1,999,480.00 1,999,480.00 1.040 Aa 1.059 9 06/10/2004 17307JHD7 3219 Citigroup Global 03/19/2004 2,000,000.00 1,995,140.00 1,995,741.67 1.050 Aa 1.069 73 08/13/2004 36959HKN6 3237 General Electric Capital Corp 05/21/2004 2,000,000.00 1,988,960.00 1.989,116.11 1.370 Aaa 1.397 143 10/22/2004 36959HLF2 3239 General Electric Capital Corp 05/21/2004 2,000,000.00 1,986,260.00 1,986,361.66 1.470 Aaa 1.501 167 11/15/2004 71708EGC3 3238 Pfizer,Inc. 05/21/2004 2,000,000.00 1,997,580.00 1,997.608.34 1.050 At+ 1.066 41 07/12/2004 Subtotal and Average 13,025,878.06 12,000,000.00 11,966,440.00 11,967,363.33 1.184 75 Federal Agency Disc.-Amortizing 313396ZP1 3220 Federal Home Loan Mort Corp 03/19/2004 2,000,000.00 1,997,200.00 1,997,333.33 1.000 AAA 1.017 48 07/19/2004 313396C35 3227 Federal Home Loan Mort Corp 04/15/2004 2,000,000.00 1,995,400.00 1,995,524.45 1.060 AAA 1.079 76 08/16/2004 313396M26 3233 Federal Home Loan Mort Corp 04/28/2004 2,000,000.00 1,989,400.00 1,990,118.34 1.210 AAA 1.234 147 10/26/2004 313588XQ3 3215 Fed.Nat'l Mort.Assoc. 03/10/2004 2,000,000.00 2,000,000.00 1,999,946.11 0.970 AAA 0.986 1 06/02/2004 3135881387 3218 Fed.Nat'l Mort.Assoc. 03/17/2004 2,000,000.00 1,995,600.00 1,995,944.44 1.000 AAA 1.018 73 08/13/2004 3135881726 3228 Fed.Nat'l Mort.Assoc. 04/15/2004 2,000,000.00 1,992,900.00 1,994,060.00 1.080 AAA 1.100 99 09/08/2004 3135881-45 3231 Fed.Nat'l Mort.Assoc. 04/26/2004 2,000,000.00 1,989,800.00 1,990,600.00 1.200 AAA 1.224 141 10/20/2004 Portfolio CITY AP Run Date:06/08/2004-12:46 PM(PRF_PM2)SymRepl 6.40.118 City of HB Portfolio Management Page 4 Portfolio Details - Investments May 31, 2004 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Subtotal and Average 13,957,260.00 14,000,000.00 13,960,300.00 13,963,526.67 1.094 83 Total and Average - 133,674,753.55 134,936,516.85 134,172,051.91 134,796,651.19 2.284 558 Portfolio CITY AP Run Date:06/08/2004-12:46 PM(PRF_PM2)SymRept 6.40.118 City of HB Portfolio Management Page 5 Portfolio Details - Cash May 31, 2004 Average Purchase Stated YTM Days to CUSIP Investment tt Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 37,789.71 37,789.71 0 Subtotal 37,789.71 37,789.71 Total Cash and Investmentss 133,674,753.55 134,936,516.85 134,209,841.62 134,834,440.90 2.284 558 Portfolio CITY AP Run Date:06/08/2004-12:46 PM(PRF_PM2)SymRept 6.40.118 City of HB Portfolio Management Page 6 Y Type ActivityB T e May 1, 2004 through May 31, 2004 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133X4RM5 3236 Federal Home Loan Bank 2.750 05/20/2004 1,476,225.00 0.00 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 6.000 05/17/2004 0.00 1,000,000.00 Subtotal 1,476,225.00 1,000,000.00 59,436,534.51 Local Agency Investment Funds (Monthly Summary) SYS2206 2206 LAIF-Redevelopment Agency 1.426 1,265,000.00 1,250,000.00 Subtotal 1,265,000.00 1,250,000.00 39,965,516.85 Treasury Securities-Coupon 912828CF5 3234 US Treasury Bill 2.250 05/12/2004 1,987,343.75 0.00 912828CG3 3235 US Treasury Bill 3.125 05/17/2004 1,995,743.62 0.00 Subtotal 3,983,087.37 0.00 4,983,498.32 Medium Term Notes Subtotal 4,480,211.51 Commercial Paper Disc.-Amortizing 36959HEM5 3208 General Electric Capital Corp 1.040 05/21/2004 0.00 2,000,000.00 36959HEQ6 3213 General Electric Capital Corp 1.040 05/24/2004 0.00 2,000,000.00 36959HKN6 3237 General Electric Capital Corp 1.370 05/21/2004 1,988,278.89 0.00 36959HLF2 3239 General Electric Capital Corp 1.470 05/21/2004 1,985,463.33 0.00 71708EESO 3224 Pfizer,Inc. 1.000 05/26/2004 0.00 2,000,000.00 71708EGC3 3238 Pfizer,Inc. 1.050 05/21/2004 1,996,966.67 0.00 81989CEC8 3217 Sharp Electronics Corp. 1.030 05/12/2004 0.00 1,492,000.00 Subtotal 5,970,708.89 7,492,000.00 11,967,363.33 Federal Agency Disc.-Amortizing Subtotal 13,963,526.67 Total 12,695,021.26 9,742,000.00 134,796,651.19 Portfolio CITY AP Run Date:06/08/2004-12:46 PM(PRF_PM3)SyrnRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary May 2003 through May 2004 Yield to Maturity _ Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity May 2003 54 108,068,072.78 2.939 2.980 1.769 7 8 758 491 June 2003 55 114,509,461.61 2.740 2.778 1.697 7 6 738 503 July 2003 55 116,351,329.91 2.600 2.636 1.653 10 10 772 538 August 2003 46 108,011,271.13 2.636 2.672 1.632 4 13 767 536 September 2003 47 105,317,339.67 2.671 2.708 1.635 10 9 832 632 October 2003 45 99,211,462.32 2.721 2.759 1.596 2 4 858 640 November 2003 40 95,493,138.52 2.852 2.891 1.572 2 7 948 718 December 2003 54 107,494,036.71 2.585 2.621 1.545 18 4 847 668 January 2004 54 118,480,571.63 2.474 2.509 1.528 2 2 785 595 February 2004 53 119,578,552.03 2.431 2.465 1.440 7 8 783 596 March 2004 50 116,721,608.70 2.270 2.302 1.474 11 14 722 567 April 2004 56 120,387,371.15 2.233 2.264 1.445 8 2 701 549 May 2004 57 133,674,753.55 2.253 2.284 1.426 6 5 711 558 Average 51 112,562,729.59 2.570% 2.605% 1.570 7 7 786 584 Portfolio CITY AP Run Date:06/08/2004-12:46 PM(PRF_PM4)SyrnRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type May 2003 through May 2004 May June July August September October November December January February* March April May Average Security Type 2003 2003 2003 2003 2003 2003 2003 2003 2004 2004 2004 2004 2004 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 41.0 39.0 39.5 40.1 42.9 44.6 50.4 50.0 46.1 49.1 45.2 44.7 44.1 44.4% Local Agency Investment Funds 34.1 33.5 26.7 37.9 33.0 34.3 38.5 31.0 31.9 32.3 32.3 30.3 29.7 32.7% Treasury Securities-Coupon 1.8 0.9 0.9 1.0 1.0 1.1 0.9 0.8 0.8 0.8 0.8 3.7 1.1% Medium Term Notes 6.8 6.4 5.8 6.0 6.2 6.4 5.8 4.7 4.6 3.8 3.8 3.4 3.3 5.1% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 10.9 10.3 15.1 10.4 15.2 11.8 4.3 8.5 11.7 10.9 12.9 10.2 8.9 10.9% Federal Agency Disc.-Amortizing 3.6 8.2 10.2 5.5 1.9 2.0 5.0 4.9 3.2 5.0 10.6 10.4 5.4% Treasury Discounts-Amortizing 1.8 1.7 1.8 0.4% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:06/08/2004-12:46 PM(PRF_PM5)SyrnRept 6.40.118 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 05/31/04 O-S-0-alio- United States Treasury: Bills $ 3,182,186,652.76 $ 3,186,962,000.00 NA Notes $ 5,119,252,346.98 $ 5,106,480,250.00 $ 12,979,741.25 Federal Agency: SBA $ 520,990,120.80 $ 515,767,230.33 $ 1,201,210.58 MBS $ 407,134,236.66 $ 395,465,440.29 $ 1,841,941.60 Bonds $ 3,734,199,362.56 $ 3,715,524,019.60 $ 22,960,921.79 Floaters $ - $ - $ - Discount Notes $ 14,693,402,894.37 $ 14,746,710,172.20 NA FHLMC PC $ 3,318,528.09 $ 3,614,574.83 .$ 53,394.31 GNMA $ 477,937.30 $ 545,506.43 $ 4,730.50 Bankers Acceptances $ - $ - NA Bank Notes $ 1,324,976,923.85 $ 1,324,573,638.00 $ 2,526,263.90 CDs $ 12,235,109,270.31 $ 12,230,694,707.75 $ 31,109,344.47 Commercial Paper $ 11,050,031,471.97 $ 11,063,864,081.96 NA Corporate: Floaters $ 79,996,847.46 $ 80,000,000.00 $ _ 209,433.33 Bonds $ 1,869,912,157.22 $ 1,867,787,857.49 $ 31,480,830.45 Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,632,295,000.00 $ 5,632,295,000.00 NA AB 55&GF Loans $ 5,128,018,440.48 $ 5,128,018,440.48 NA TOTAL $ 64,981,302,190.81 $ 64,998,302,919.36 $ 104,367,812.18 Fair Value Including Accrued Interest $ 65,102,670,731.54 Repurchase Agreements, Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of April 30, 2004 Summary of investments by type Market Value Market Value Par Value Investment Type as of 3/31/04 as of 4/30/04 $1,489,282 Local Agency Investment Fund (LAIF) $1,490,036 $1,489,282 $11,491,158 Investment Agreements $12,608,112 $11,491,158 $843,335 Money Market Funds $1,059,019 $843,335 $330,488 US Treasury Securities $330,488 $330,488 $14,154,263 $15,487,654 $14,154,263 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 3/31/04 as of 4/30/04 $1,649,295 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,295 $1,649,295 $591,019 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $590,997 $591,019 $4,164,846 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $5,236,044 $4,164,846 $2,694,924 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,694,885 $2,694,924 $1,276,250 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,344,471 $1,276,250 $174,036 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $223,217 $174,036 $1,577,243 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,725,121 $1,577,243 $760,278 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $760,278 $760,278 $883,852 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $883,846 $883,852 $221,102 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $218,168 $221,102 $47,695 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $47,670 $47,695 $113,723 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $113,662 $113,723 $14,154,263 $15,487,654 $14,154,263 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2004 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (12-31-03) (03-31-04) ICMA Retirement Corporation (457 Plan) $17,493,191 $394,427 ($111,131) $317,037 ($7,625) $18,085,899 ICMA Retirement Corporation (401 Plan) $307,835 $21,401 $0 $6,494 $0 $335,730 Nationwide Retirement Solutions (457 Plan) $43,665,516 $836,605 ($794,540) $750,575 ($150) $44,458,006 Trust Deeds $336,704 $0 ($319,172) $0 $0 $17,532 Total Deferred Compensation Plan Balances $61,803,246 $1,252,433 ($1,224,844) $1,074,106 ($7,775) $62,897,166 May 2004 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA May Report Shari L . Freidenrich , CPA, CCMT , CPFA July 19, 2004 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA May 2004 Investment Summary ( in millions) Financial Information: April May Inc./(Dec.) End of Month City Portfolio $131 .816 $134.797 $2.981 End of Month Market Value $131 .578 $134.172 $2.594 Interest Earned for Month $0.228 $0.254 $0.026 Earned Interest Yield Year to Date 2.54% 2.49% -0.05% Average Maturity ( in days) 549 558 9 YTD Average Daily Balance $111 .001 $113.882 $2.881 Summary by Type: May % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $59.437 44% None 1134 3.06% LAIF (State Pool) $39.966 30% $40 million 1 1 .43% U.S.Treasury Notes $4.983 4% None 802 2.71 % Medium Term Notes $4.480 3% 20% 400 5.83% Discount Comm. Paper $11 .967 9% 25% 75 1 .18% Discount Federal Agy $13.964 10% None 83 1 .09% Total $134.797 100% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: May 2004 Investment Summary Report COUNCIL MEETING DATE: July 19, 2004 RCA ATTACHMENTS- STATUS Ordinance (w/exhibits & legislative draft if applicable Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attome ) Not Applicable Subleases, Third Party Agreements, etc. Approved as to form by City Attorney Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION�FOR . ISSING ATTACHMENTS _. REVIEWED RETURNED FORWARDED Administrative Staff Assistant City Administrator Initial City Administrator (Initial) City Clerk 'EXPLANATION FOR RETURN.Of-ITEM: Only)(Below Space For City Clerk's Use RCA Author: slf 7 Council/Agency Meeting Held: Deferred/Continued to: _R Approved . ❑ Conditionally Approved ❑ Denied City I rk s Si ature Council Meeting Date: June 21, 2004 Department ID umber: CT 04-13 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City Treasu PREPARED BY: SHARI L. FREIDENRICH, City Treas , c = SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S APRIL 2004 ` INVESTMENT SUMMARY REPORT Statement of Issue, Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for April 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source:.,Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for April 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's . - Number No. Description 1. Monthly Investment Report and Summary of Investments for April 2004 2. Schedule of Bond Investments p 3. Deferred Compensation Plan Summary Information t ,' 4. April 2004 PowerPoint Presentation Monthly Investment Report and Summary of Investments for April 2004 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for April, 2004 City Investment Portfolio: March April Inc./(Dec.) End of month City Portfolio Balance $119,469,551 $131,816,347 $12,346,796 End of month General Fund Balance $14,362,267 $19,448,681 $5,086,414 Earned Interest Yield Average 2.35% 2.31% -0.04% Average Maturity ( in days) 567 549 -18 End of Month Market Value $120,064,720 $131,578,370 $11,513,650 End of month bank cash balance $3,832,249 $4,560,910 $728,660 Bond Proceeds Investments:* February March Inc./(Dec.) End of Month Bond Reserve Par Value $18,004,317 $15,487,654 ($2,516,663) End of Month Bond Reserve Market Value $18,004,317 $15,487,654 ($2,516,663) Deferred Compensation Investments:** December March Inc./(Dec.) Participant Balances $61,803,246 $62,897,166 $1,093,920 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $166,667 $228,203 $61,536 Interest Earned Year to Date $1,166,665 $1,643,422 $476,757 Earned Interest Yield Year to Date 2.22% 2.54% 0.32% *Bond Proceeds Statements lag by one month. —Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. April % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $58,958,642 45% None 1150 3.11% Local Agency Inv. Fund (LAIF) $39,950,517 30% $40 million 1 1.45% U.S. Treasury Notes- Coupon $1,000,000 1% None 487 2.00% Medium Term Notes $4,479,999 3% 20% 431 5.83% Disc. Commercial Paper $13,476,613 10% 25% 40 1.05% Disc. Federal Agy Issues $13,950,576 11% None 114 1.09% $131,816,347 100% City of HB Portfolio Management Portfolio Summary April 30, 2004 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 58,990,000.00 58,568,450.10 58,958,642.37 44.73 1,382 1,150 3.065 3.107 Local Agency Investment Funds 39,950,516.85 39,950,516.85 39,950,516.85 30.31 1 1 1.425 1.445 Treasury Securities-Coupon 1,000,000.00 1,001,880.00 1,000,000.00 0.76 729 487 1.973 2.000 Medium Tenn Notes 4,481,000.00 4,628,596.07 4,479,999.34 3.40 1,542 431 5.749 5.829 Commercial Paper Disc.-Amortizing 13,492,000.00 13,476,927.00 13,476,612.64 10.22 100 40 1.031 1.046 Federal Agency Disc.-Amortizing 14,000,000.00 13,952,000.00 13,950,575.55 10.58 140 114 1.079 1.094 131,913,516.85 131,578,370.02 131,816,346.75 100.00% 701 549 2.233 2.264 Investments Cash and Accrued Interest Accrued Interest at Purchase 30,138.90 30,138.90 Subtotal 30,138.90 30,138.90 Total Cash and Investments 131,913,516.85 131,608,508.92 131,846,485.65 701 549 2.233 2.264 Total Earnings April 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 228,203.09 1,643,421.91 Current Budget 166,667.00 1,166,665.00 2,000,000.00 Last Year Actual 285,565.72 2,111,653.62 3,330,314.47 Average Daily Balance 120,387,371.15 111,001,555.68 Effective Rate of Return 2.31% 2.54% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 15,2003, 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 provi d by Union Bank via Merrill Lynch and J.J.Kenney pricing services. (�,- 2-Oq EID CH,CITY TREASURER Portfolio CITY AP Run Date:05/242004-10:41 PM(PRF_PM1)SymRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments April 30, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1,998,120.00 2,000,000.00 2.730 AAA 2.730 880 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 994,060.00 1,000,000.00 2.850 AAA 2.850 1,025 02/20/2007 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 996,250.00 1,000,000.00 3.500 AAA 3.500 1,445 04/15/2008 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,961,260.00 2,000,000.00 3.020 AAA 3.020 1,437 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,962,500.00 2,000,000.00 2.400 AAA 2.400 1,049 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,962,500.00 2,000,000.00 2.270 AAA 2.270 997 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,970,000.00 2,000,000.00 3.320 AAA 3.320 1,549 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,938,760.00 2,000,000.00 2.900 AAA 2.900 1,550 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,855,198.50 1,850,000.00 4.000 AAA 4.000 1,612 09/29/2008 3133X1ZN0 3183 Federal Home Loan Bank 11/20/2003 1,000,000.00 999,380.00 1,000,000.00 3.340 AAA 3.341 1,206 08/20/2007 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,115,261.60 2,117,737.49 2.375 AAA 2.806 926 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 991,250.00 1,000,000.00 2.640 AAA 2.641 881 09/29/2006 31339YFL1 3198 Federal Home Loan Bank 12/18/2003 2,000,000.00 1,987,500.00 1,987,384.93 1.885 AAA 2.260 632 01/23/2006 3133X42Eb 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 1,995,000.00 2,000,000.00 3.000 AAA 3.000 1,025 02/20/2007 3133X5HE1 3222 Federal Home Loan Bank 04/16/2004 2,000,000.00 1,971,260.00 2,000,000.00 2.800 AAA 2.801 1,171 07/16/2007 3133X5ZU5 3226 Federal Home Loan Bank 04/27/2004 2,000,000.00 1,991,880.00 2,000,000.00 3.070 AAA 3.070 1,091 04/27/2007 3133X6WP7 3232 Federal Home Loan Bank 04/29/2004 2,000,000.00 2,001,880.00 2,000,000.00 3.080 AAA 3.079 1,003 01/29/2007 312925A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,013,760.00 1,997,882.58 4.500 AAA 4.537 1,178 07/23/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,945,700.00 2,000,000.00 3.000 AAA 3.000 1,543 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,967,220.00 2.000,000.00 3.000 AAA 3.000 1,362 01/23/2008 3128X1E45 3173 Federal Home Loan Mort Corp 09/03/2003 1,000,000.00 1,008,290.00 1,000,000.00 4.300 AAA 4.300 1,586 09/03/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1,000,000.00 1,000,120.00 1,000,000.00 2.625 AAA 2.625 790 06/30/2006 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 1,988,540.00 2,003,786.80 2.750 AAA 2.678 1,014 02t09/2007 3128X1 DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 1,982,500.00 2,004,765.07 2.500 AAA 2.404 947 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 1,988,660.00 2,006,976.31 2.750 AAA 2.618 1,014 02/09/2007 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,001,900.00 999,870.50 6.000 AAA 6.343 16 05/17/2004 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,027,190.00 1,000,000.00 5.010 AAA 5.010 1,019 02/14/2007 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,035,630.00 1,000,000.00 5.350 AAA 5.350 1,076 04/12/2007 31359MSC8 3148 Fed.Nat'l Mort.Assoc. 06/04/2003 2,000,000.00 1,967,500.00 1,996,726.67 2.000 AAA 2.042 1,495 06/04/2008 3136F4CJ1 3171 Fed.Nat'l Mort.Assoc. 09/08/2003 2,000,000.00 2,014,380.00 2,000,000.00 4.200 AAA 4.200 1,591 09/08/2008 3136F3VTb 3193 Fed.Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 1,977,500.00 1,982,992.35 2.100 AAA 2.510 786 06/26/2006 3136174J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000.000.00 2,000,000.00 2,000,000.00 3.000 AAA 3.000 972 12/29/2006 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 03/22/2004 2,000.000.00 1,991,880.00 2,010,519.67 2.750 AAA 2.510 832 08/11/2006 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,965,620.00 2,000,000.00 3.610 AAA 3.610 1,794 03/30/2009 Subtotal and Average 53,957,916.57 58,990,000.00 58,568,450.10 58,958,642.37 3.107 1,150 Portfolio CITY AP Run Date:05/24/2004-10:41 PM(PRF_PM2)SymRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments April 30, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Local Agency Investment Funds SYS982 982 Laif City 19,965,963.74 19,965,963.74 19,965,963.74 1.445 NR 1.445 1 SYS2206 2206 LAIF-Redevelopment Agency 19,984,553.11 19,984,553.11 19,984,553.11 1.445 NR 1.445 1 Subtotal and Average 38,503,969.85 39,950,516.85 39,950,516.85 39,950,516.85 1.445 1 isury Securities-Coupon 5,z82813J8 3175 US Treasury Bill 09/02/2003 1,000,000.00 1,001,880.00 1,000,000.00 2.000 AAA 2.000 487 08/31/2005 Subtotal and Average 1,000,000.00 1,000,000.00 1,001,880.00 1,000,000.00 2.000 487 Medium Term Notes 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 1,008,380.00 1,003,932.73 2.850 Aaa 2.590 579 12/01/2005 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 510,086.07 477,495.02 6.250 Aa 6.800 579 12/01/2005 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,042,850.00 999,623.56 7.500 Aa3 7.559 286 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,060,110.00 999,218.35 5.750 Aa 5.795 739 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,007,170.00 999,729.68 6.700 Aa3 6.920 51 06/21/2004 Subtotal and Average 4,479,896.78 4,481,000.00 4,628,596.07 4,479,999.34 5.829 431 Commercial Paper Disc.-Amortizing 02581RFJ7 3214 American Express 03/10/2004 2,000,000.00 1,997,340.00 1,997,333.33 1.000 A1P1 1.017 48 06/18/2004 17307JFA5 3206 Citigroup Global 01/21/2004 2,000,000.00 1,997,820.00 1,997,688.89 1.040 Aa 1.059 40 06/10/2004 17307JHD7 3219 Citigroup Global 03/19/2004 2,000,000.00 1,993,660.00 1,993,933.33 1.050 Aa 1.069 104 08/13/2004 36959HEM5 3208 General Electric Capital Corp 02/12/2004 2,000,000.00 1,998,980.00 1,998,844.44 1.040 Aaa 1.057 20 05/21/2004 36959HEQ6 3213 General Electric Capital Corp 02/27/2004 2,000,000.00 1,998,820.00 1,998,671.11 1.040 Aaa 1.057 23 05/24/2004 -18EES0 3224 Pfizer,Inc. 03/29/2004 2,000,000.00 1,998,680.00 1,998,611.11 1.000 A1+ 1.016 25 05/26/2004 ,9CEC8 3217 Sharp Electronics Corp. 03/17/2004 1,492,000.00 1,491,627.00 1,491,530.43 1.030 A1P1 1.046 11 05/12/2004 Subtotal and Average 13,804,337.66 13,492,000.00 13,476,927.00 13,476,612.64 1.046 40 Federal Agency Disc.-Amortizing 313396ZP1 3220 Federal Home Loan Mort Corp 03/19/2004 2,000,000.00 1,995,800.00 1,995,611.11 1.000 AAA 1.017 79 07/19/2004 313396C35 3227 Federal Home Loan Mort Corp 04/15/2004 2,000,000.00 1,994,000.00 1,993,698.89 1.060 AAA 1.079 107 08/16/2004 313396M26 3233 Federal Home Loan Mort Corp 04/28/2004 2,000,000.00 1,988,800.00 1,988,034.45 1.210 AAA 1.234 178 10/26/2004 313588XQ3 3215 Fed.Nat'l Mort.Assoc. 03/10/2004 2,000,000.00 1,998,400.00 1,998,275.55 0.970 AAA 0.986 32 06/02/2004 3135881387 3218 Fed.Nat'l Mort.Assoc. 03/17/2004 2,000,000.00 1,994,200.00 1,994,222.22 1.000 AAA 1.018 104 08/13/2004 313588F26 3228 Fed.Nat'l Mort.Assoc. 04/15/2004 2,000,000.00 1,991,600.00 1,992,200.00 1.080 AAA 1.100 130 09/08/2004 3135881-45 3231 Fed.Nat'l Mort.Assoc. 04/26/2004 2,000,000.00 1,989,200.00 1,988,533.33 1.200 AAA 1.224 172 10/20/2004 Subtotal and Average 5,641,250.29 i4,000,000.00 i3,952,uuu.uu i5,950,575.55 i.094 ii4 Portfolio CITY AP Run Date:05/24/2004-10,41 PM(PRF_PM2)SymRept 6.40.118 City of HB Portfolio Management Page 4 Portfolio Details - Investments April 30, 2004 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Total and Average 120,387,371.15 131,913,516.85 131,578,370.02 131,816,346.75 2.264 549 Portfolio CITY AP Run Date:05/24/2004-10:41 PM(PRF_PM2)SymRepl 6.40.118 City of HB Portfolio Management Page 5 Portfolio Details -Cash April 30, 2004 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 30,138.90 30,138.90 0 Subtotal 30,138.90 30,138.90 Total Cash and Investmentss 120,387,371.15 131,913,516.85 131,608,508.92 131,846,485.65 2.264 549 Portfolio CITY AP Run Date:05/24/2004-10:41 PM(PRF_PM2)SymRept 6.40.118 City of HB Portfolio Management Page 6 Y Type ActivityB T e April 1, 2004 through April 30, 2004 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331TC74 3230 Federal Farm Credit Bank 3.500 04/15/2004 1,000,000.00 0.00 3133X5HE1 3222 Federal Home Loan Bank 2.800 04/16/2004 2,000,000.00 0.00 3133X5ZU5 3226 Federal Home Loan Bank 3.070 04/27/2004 2,000,000.00 0.00 3133X6WP7 3232 Federal Home Loan Bank 3.080 04/29/2004 2,000,000.00 0.00 3128XOU80 3137 Federal Home Loan Mort Corp 3.000 04/02/2004 0.00 2,000,000.00 Subtotal 7,000,000.00 2,000,000.00 58,958,642.37 Local Agency Investment Funds (Monthly Summary) SYS982 982 Lail City 1.445 1,971,550.81 2,000,000.00 SYS2206 2206 LAIF-Redevelopment Agency 1.445 6,894,264.19 5,500,000.00 Subtotal 8,865,815.00 7,500,000.00 39,950,516.85 Treasury Securities-Coupon Subtotal 1,000,000.00 Medium Term Notes Subtotal 4,479,999.34 Commercial Paper Disc.-Amortizing 36959HD61 3205 General Electric Capital Corp 1.030 04/06/2004 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 13,476,612.64 Federal Agency Disc.-Amortizing 313396C35 3227 Federal Home Loan Mort Corp 1.060 04/15/2004 1,992,756.67 0.00 313396M26 3233 Federal Home Loan Mort Corp 1.210 04/28/2004 1,987,832.78 0.00 313588F26 3228 Fed.Nat'l Mort.Assoc. 1.080 04/15/2004 1,991,240.00 0.00 313588L45 3231 Fed.Nat'l Mort.Assoc. 1.200 04/26/2004 1,988,200.00 0.00 Subtotal 7,960,029.45 0.00 13,950,575.55 Total 23,825,844.45 11,500,000.00 131,816,346.75 Portfolio CITY AP Run Date:05/24/2004-10:41 PM(PRF_PM3)SymRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary April 2003 through April 2004 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 2003 55 103,958,406.14 3.267 3.313 1.858 6 4 894 611 May 2003 54 108,068,072.78 2.939 2.980 1.769 7 8 758 491 June 2003 55 114,509,461.61 2.740 2.778 1.697 7 6 738 503 July 2003 55 116,351,329.91 2.600 2.636 1.653 10 10 772 538 August 2003 46 108,011,271.13 2.636 2.672 1.632 4 13 767 53 September 2003 47 105,317,339.67 2.671 2.708 1.635 10 9 832 632 October 2003 45 99,211,462.32 2.721 2.759 1.596 2 4 858 640 November 2003 40 95,493,138.52 2.852 2.891 1.572 2 7 948 718 December 2003 54 107,494,036.71 2.585 2.621 1.545 18 4 847 668 January 2004 54 118,480,571.63 2.474 2.509 1.528 2 2 785 595 February 2004 53 119,578,552.03 2.431 2.465 1.440 7 8 783 596 March 2004 50 116,721,608.70 2.270 2.302 1.474 11 14 722 567 April 2004 56 120,387,371.15 2.233 2.264 1.445 8 2 701 549 Average 51 110,258,177.95 2.648% 2.684% 1.603 7 7 800 588 Portfolio CITY AP Run Date:05/24/2004-10:41 PM(PRF_PM4)SyrnRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type April 2003 through April 2004 April May June July August September October November December January February March April Average Security Type 2003 2003 2003 2003 2003 2003 2003 2003 2003 2004 2004 2004 2004 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 51.5 41.0 39.0 39.5 40.1 42.9 44.6 50.4 50.0 46.1 49.1 45.2 44.7 44.9% Local Agency Investment Funds 34.1 34.1 33.5 26.7 37.9 33.0 34.3 38.5 31.0 31.9 32.3 32.3 30.3 33.1- Treasury Securities-Coupon 1.9 1.8 0.9 0.9 1.0 1.0 1.1 0.9 0.8 0.8 0.8 0.8 1. Medium Term Notes 7.0 6.8 6.4 5.8 6.0 6.2 6.4 5.8 4.7 4.6 3.8 3.8 3.4 5.4% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 3.7 10.9 10.3 15.1 10.4 15.2 11.8 4.3 8.5 11.7 10.9 12.9 10.2 10.5% Federal Agency Disc.-Amortizing 3.6 8.2 10.2 5.5 1.9 2.0 5.0 4.9 3.2 5.0 10.6 4.6% Treasury Discounts-Amortizing 1.9 1.8 1.7 1.8 0.6% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:05/24/2004-10:41 PM(PRF_PM5)SyrnRept 6.40.118 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 04/30/04 �,� Descnpt�on ' �Accrue`�d Interest Punch FaYalue _ �lccruedlnter sty United States Treasury: Bills $ 2,089,070,361.08 $ 2,092,689,000.00 NA Notes $ 6,127,227,539.30 $ 6,125,275,000.00 $ 81,289,381.75 Federal Agency: SBA $ 525,920,120.20 $ 520,615,590.10 $ 1,212,326.59 MBS $ 431,586,596.12 $ 425,393,078.25 $ 1,954,887.64 Bonds $ 3,234,107,468.44 $ 3,234,498,172.30 $ 28,078,583.99 Floaters $ - $ - $ - Discount Notes $ 11,633,483,628.59 $ 11,679,777,033.10 NA FHLMC PC $ 3,428,404.25 $ 3,741,380.76 $ 55,166.03 GNMA $ 486,835.13 $ 557,792.16 $ 4,816.32 Bankers Acceptances $ - $ - NA Bank Notes $ 1,174,974,927.47 $ 1,174,787,197.00 $ 1,626,659.72 CDs $ 11,735,093,423.10 $ 11,733,111,673.65 $ 22,058,590.96 Commercial Paper $ 11,104,673,643.94 $ 11,119,855,635.17 NA Corporate: Floaters $ 79,996,847.46 $ 80,000,900.00 $ 122,375.00 Bonds $ 1,690,167,232.31 $ 1,699,478,550.33 $ 29,537,687.41 Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,595,295,000.00 $ 5,595,295,000.00 NA AB 55&GF Loans $ 5,255,508,115.40 $ 5,255,508,115.40 NA TOTAL $ 60,681,020,142.79 $ 60,740,584,118.22 $ 165,940,475.41 Fair Value Including Accrued Interest $ 60,906,524,593.63 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of March 31, 2004 Summary of investments by type Market Value Market Value Par Value Investment Type as of 2/29/04 as of 3/31/04 $1,490,036 Local Agency Investment Fund (LAIF) $1,470,940 $1,490,036 $12,608,112 Investment Agreements $13,307,751 $12,608,112 $1,059,019 Money Market Funds $2,895,138 $1,059,019 $330,488 US Treasury Securities $330,488 $330,488 $15,487,654 $18,004,317 $15,487,604 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 2/29/04 as of 3/31/04 $1,649,295 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,289 $1,649,295 $590,997 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $734,016 $590,997 $5,236,044 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $6,668,699 $5,236,044 $2,694,885 Huntington Beach PFA- 2001 Series B(1993 Civic Center& Police Administration Bldg. Refinance) $2,694,840 $2,694,885 $1,344,471 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,838,393 $1,344,471 $223,217 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,028 $223,217 $1,725,121 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $2,105,076 $1,725,' $760,278 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $760,273 $760,2/8 $883,846 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $883,842 $883,846 $218,168 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $219,691 $218,168 $47,670 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $47,647 $47,670 $113,662 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $228,523 $113,662 $15,487,654 $18,004,317 $15,487,654 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2004 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (12-31-03) (03-31-04) ICMA Retirement Corporation (457 Plan) $17,493,191 $394,427 ($111,131) $317,037 ($7,625) $18,085,899 ICMA Retirement Corporation (401 Plan) $307,835 $21,401 $0 $6,494 $0 $335,730 Nationwide Retirement Solutions (457 Plan) $43,665,516 $836,605 ($794,540) $750,575 ($150) $44,458,006 Trust Deeds $336,704 $0 ($319,172) $0 $0 $17,532 Total Deferred Compensation Plan Balances $61,803,246 $1,252,433 ($1,224,844) $1,074,106 ($7,775) $62,897,166 April 2004 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA April Report -" 5 . _ � x Nr Shari L . Freidenrich , CPA, CCMT , CMFA June 21 , 2004 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA April 2004 Investment Summary ( in millions) Financial Information: March April Inc./(Dec.) End of Month City Portfolio $119.469 $131 .816 $12.347 End of Month Market Value $120.064 $131 .578 $11 .514 Interest Earned for Month $0.261 $0.228 ($0.033) Earned Interest Yield Year to Date 2.57% 2.54% -0.03% Average Maturity ( in days) 567 549 (18) YTD Average Daily Balance $110.000 $111 .001 $1 .001 Summary by Type: April % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $58.959 45% None 1150 3.11 % LAIF (State Pool) $39.950 30% $40 million 1 1 .45% U.S.Treasury Notes $1 .000 1 % None 487 2.00% Medium Term Notes $4.480 3% 20% 431 5.83% Discount Comm. Paper $13.477 10% 25% 40 1 .05% Discount Federal Agy $13.950 11 % None 114 1 .09% Total $131 .816 100% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: April 2004 Investment Summary Report COUNCIL MEETING DATE: June 21 , 2004 : RCA ATTAC H M-E NTS STATUS.% Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attomeyj Not Applicable Subleases, Third Party Agreements, etc. Approved as to form by CityAttorne Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable . :EXPLANATION MISS FORzING,ATTACHMENTS .. REVIEWED RETURNED : FOR DED. Administrative Staff Assistant City Administrator Initial City Administrator Initial ( ( ) rCity Clerk yEXPLANATION FORS .RETURN OF.ITEM,y,.,, (Below Space For City Clerk's Use Only) RCA Author: slf CT Council/Agency Meeting Held: �� d Deferred/Continued to: Approved L] Conditionally Approved ElDenied , r1ty Cle nature Council Meeting Date: May 3, 2004 Departme Number: CT 04-10 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION _ T_- ^- SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City Treasu GFI PREPARED BY: SHARI L. FREIDENRICH, City Treas T �, SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S FEBRUARY AND MARCH 2O04 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for February and March 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for February and March 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for February and March 2004. 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. March 2004 PowerPoint Presentation C-3 Monthly Investment Report and Summary of Investments for February and March 2004 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for February, 2004 City Investment Portfolio: January February Inc./(Dec.) End of month City Portfolio Balance $119,163,482 $119,324,573 $161,091 End of month General Fund Balance $14,084,559 $13,648,744 ($435,815) Earned Interest Yield Average 2.59% 2.54% -0.05% Average Maturity( in days) 595 596 1 End of Month Market Value $119,546,515 $119,889,829 $343,314 End of month bank cash balance $5,179,615 $5,401,860 $222,245 Bond Proceeds Investments:* December January Inc./(Dec.) End of Month Bond Reserve Par Value $20,743,928 $17,371,074 ($3,372,854) End of Month Bond Reserve Market Value $20,743,928 $17,371,014 ($3,372,854) Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $59,105,330 $61,803,242 $2,697,912 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $166,666 $241,513 $74,847 Interest Earned Year to Date $833,331 $1,183,138 $349,807 Earned Interest Yield Year to Date 2.22% 2.62% 0.40% *Bond Proceeds Statements lag by one month. **Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. February %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $58,581,869 49% None 1154 3.29% Local Agency Inv. Fund (LAIF) $38,484,702 32% $40 million 1 1.44% U.S. Treasury Notes-Coupon $1,000,000 1% None 548 2.00% Medium Term Notes $4,479,575 4% 20% 493 5.83% Disc. Commercial Paper $12,980,042 11% 25% 53 1.06% Disc. Federal Agy Issues $3,798,385 3% None 15 1.06% $119,324,573 100% City of Huntington Beach City of HB 200o Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary February 29, 2004 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 58,640,000.00 58,929,743.00 58,581,868.50 49.09 1,439 1,154 3.248 3.293 Local Agency Investment Funds 38,484,701.85 38,484,701.85 38,484,701.85 32.25 1 1 1.420 1.440 Treasury Securities-Coupon 1,000,000.00 1,009,380.00 1,000,000.00 0.84 729 548 1.973 2.000 Medium Tenn Notes 4,481,000.00 4,687,234.06 4,479,574.98 3.75 1,542 493 5.748 5.828 Commercial Paper Disc.-Amortizing 13,000,000.00 12,980,250.00 12,980,041.94 10.88 89 53 1.040 1.055 Federal Agency Disc.-Amortizing 3,800,000.00 3,798,520.00 3,798,385.25 3.18 97 15 1.043 1.057 Investments 119,405,701.85 119,889,828.91 119,324,572.52 100.00% 783 596 2.431 2.465 Cash and Accrued Interest Accrued Interest at Purchase 25,936.81 25.936.81 Subtotal 25,936-81 25,936.81 Total Cash and Investments 119,405,701.85 119,915,765.72 119,350,509.33 783 596 2.431 2.465 Total Earnings February 29 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 241,512.81 1,183,137.96 Current Budget 166,667.00 833,331.00 2,000,000.00 Last Year Actual 295,715.47 1,520,091.10 3,330,314.47 Average Daily Balance 119,578,552.03 108,630,228.79 Effective Rate of Return 2.54% 2.62% I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec.15,2003. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. SHAi.tKL.FR D NR CH,CITY TREASURER Portfolio CITY AP Run Date:03/05/2004-10:38 PM(PRF_PM1)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments February 29, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 2,022,500.00 2,000,000.00 2.730 AAA 2730 941 09/28/2006 31331TBQ3 3170 Federal Farm Credit Bank 06/05/2003 2,000,000.00 2,000,620.00 2,000,000.00 3.100 AAA 3.100 918 09/05/2006 31331TLE9 3196 Federal Farm Credit Bank 12/16/2003 1,000,000.00 1,000,000.00 999,564.26 3.000 AAA 3.016 1,005 12/01/2006 31331TLU3 3200 Federal Farm Credit Bank 12/19/2003 2,000,000.00 2,000,620.00 1,999,536.89 2.875 AAA 2.885 918 09/05/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 1,005,940.00 1,000,000.00 2.850 AAA 2.850 1,086 02/20/2007 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 2,003,120.00 2,000,000.00 3.020 AAA 3.020 1,498 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,996,880.00 2,000,000.00 2.400 AAA 2.400 1,110 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1.993,760.00 2,000,000.00 2.270 AAA 2.270 1,058 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 2,003,760.00 2,000.000.00 3.320 AAA 3.320 1,610 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1.983,760.00 2.000,000.00 2.900 AAA 2.900 1,611 07/29/2008 3133XOZ69 3174 Federal Home Loan Bank 09/10/2003 1,000,000.00 1,000,940.00 1,000,000.00 4.420 AAA 4.420 1,654 09/10/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,877,176.50 1.850,000.00 4.000 AAA 4.000 1,673 09/29/2008 3133X1ZNO 3183 Federal Home Loan Bank 11/20/2003 1,000,000.00 1,010,000.00 1,000,000.00 3.340 AAA 3.341 1,267 08/20/2007 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,142,675.00 2.116,272.85 2.375 AAA 2.806 987 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 1,003.750.00 1,000,000.00 2.640 AAA 2.641 942 09/29/2006 31339YFL1 3198 Federal Home Loan Bank 12/18/2003 2,000,000.00 2,001,260.00 1,986,168.05 1.885 AAA 2.260 693 01/23/2006 3133X42EO 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 2,015,000.00 2,000,000.00 3.000 AAA 3.000 1,086 02/20/2007 3133MWKG5 3212 Federal Home Loan Bank 02/26/2004 1,650,000.00 - 1,650,511.50 1,650,884.93 2.750 AAA 2.722 739 03/10/2006 312925A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,026,260.00 1,997,773.24 4.500 AAA 4.537 1,239 07/23/2007 3128XOU72 3135 Federal Home Loan Mort Corp 03/26/2003 2,000,000.00 2,003,220.00 2.000,000.00 3.400 AAA 3.400 1,486 03/26/2008 3128XOU80 3137 Federal Home Loan Mort Corp 04/02/2003 2,000,000.00 2,002,980.00 2,000,000.00 3.000 AAA 3.000 1,127 04/02/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,993,540.00 2,000,000.00 3.000 AAA 3.000 1,604 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000-00 2,006,060.00 2,000,000.00 3.000 AAA 3.000 1,423 01/23/2008 3128XIE45 3173 Federal Home Loan Mort Corp 09/03/2003 1.000,000.00 1,016,110.00 1,000,000.00 4.300 AAA 4.300 1,647 09/03/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1,000,000.00 1,004,400.00 1,000,000.00 2.625 AAA 2.625 851 06/30/2006 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 2,016,400.00 2,004,014.47 2.750 AAA 2.678 1,075 02/09/2007 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,002,420.00 1,000,000.00 5.910 AAA 5.909 18 03/19/2004 31364GO93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000.000.00 1.010.430.00 999,384.85 6.000 AAA 6.343 77 05/17/2004 31364K5LO 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,001,880.00 1,000,000.00 5.550 AAA 5-550 745 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1.003,130.00 1,000.000.00 5.300 AAA 5.300 758 03/29/2006 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,035,310.00 1,000,000.00 5.010 AAA 5.010 1,080 02/14/2007 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000.000.00 1,044,690.00 1,000,000.00 5.350 AAA 5.350 1,137 04/12/2007 31359MSC8 3148 Fed.Nat'l Mort.Assoc. 06/04/2003 2,000,000.00 2,002,500.00 1,996,593.33 2.000 AAA 2.042 1,556 06/04/2008 3136F4CJ1 3171 Fed.Nat'l Mort.Assoc. 09/08/2003 2,000,000.00 2,031,880.00 2,000,000.00 4.200 AAA 4.200 1,652 09/08/2008 3136F3VTO 3193 Fed.Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 2,005,000.00 1,981,675.63 2.100 AAA 2.510 847 06/26/2006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 2,011,260.00 2,000,000.00 3.000 AAA 3.000 1,033 12/29/2006 Portfolio CITY AP Run Date:03/05/2004-10:38 PM(PRF_PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments February 29, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Subtotal and Average 56,155,015.81 58,640,000.00 58,929,743.00 58,581,868.50 3.293 1,154 Local Agency Investment Funds SYS982 982 Laif City 19,994,412.93 19,994,412.93 19,994,412.93 1.440 NR 1.440 1 SYS2206 2206 LAIF-Redevelopment Agency 18,490,288.92 18,490,288.92 18,490,288.92 1.440 NR 1.440 1 Subtotal and Average 38,924,357.02 38,484,701.85 38,484,701.85 38,484,701.85 1.440 1 Treasury Securities-Coupon 912828BJ8 3175 US Treasury Bill 09/02/2003 1,000.000.00 1,009,380.00 1,000,000.00 2.000 AAA 2.000 548 08/31/2005 Subtotal and Average 1,000,000.00 1,000,000.00 1,009,380.00 1,000,000.00 2.000 548 Medium Term Notes ------ - ---- - --- ----- - - _ -- 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 1,018,370.00 1,004,346.70 2.850 Aaa 2.590 640 12/01/2005 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 519,124.06 477,126.08 6.250 Aa 6.800 640 12/01/2005 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,055,180.00 999,542.89 7.500 Aa3 7.559 347 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1.000,000.00 1,077,670.00 999,154.02 5.750 Aa 5.795 800 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,016,890.00 999,405.29 6.700 Aa3 6.920 112 06/21/2004 Subtotal and Average 4,513,951.88 4,481,000.00 4,687,234.06 4,479,574.98 5.828 493 --- --- ----- ------------- ------------ Commercial Paper Disc.-Amortizing 17307JCC4 3191 Citigroup Global 12/10/2003 1,000.000.00 999,690.00 999,673.06 1.070 Aa 1.088 11 03/12/2004 17307JCR1 3199 Citigroup Global 12/19/2003 2,000,000.00 1,998,660.00 1,998,560.00 1.080 Aa 1.098 24 03/25/2004 17307JFA5 3206 Citigroup Global 01/21/2004 2,000,000.00 1,994.160.00 1,994,164.44 1.040 Aa 1.059 101 06/10/2004 36959HD61 3205 General Electric Capital Corp 01/21/2004 2,000,000.00 1,997,960.00 1,997,940.00 1.030 Aaa 1.047 36 04/06/2004 36959HEM5 3208 General Electric Capital Corp 02/12/2004 2,000,000.00 1,995,360.00 1,995.320.00 1.040 Aaa 1.057 81 05/21/2004 36959HE06 3213 General Electric Capital Corp 02/27/2004 2,000,000.00 1,995.200.00 1,995,146.66 1.040 Aaa 1.057, 84 05/24/2004 71708ECFO 3209 Pfizer.Inc. 02/13/2004 2,000,000.00 1,999,220.00 1,999,237.78 0.980 A1+ 0.994 14 03/15/2004 Subtotal and Average 14,016,230.52 13,000,000.00 12,980,250.00 12,980,041.94 1.055 53 Federal Agency Disc.-Amortizing 313396UQ4 3188 Federal Home Loan Mort Corp 12/10/2003 1,800.000.00 1,798,920.00 1,798,902.75 1.045 AAA 1.063 21 03/22/2004 313588UC7 3190 Fed.Nat'l Mort.Assoc. 12/10/2003 2,000.000.00 1.999,600.00 1,999,482.50 1.035 AAA 1.052 9 03/10/2004 Subtotal and Average 4,968,996.80 3,800,000.00 3,798,520.00 3,798,385.25 1.057 15 Portfolio CITY AP Run Date:03/06/2004-10:38 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments February 29, 2004 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's, 365 Maturity Total and Average 119,578,552.03 119,405,701.85 119,889,828.91 119,324,572.52 2.465 596 t Portfolio CITY AP Run Date:03/052004-10:38 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 5 Portfolio Details - Cash February 29, 2004 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 25,936.81 25,936.81 0 Subtotal 25,936.81 25,936.81 Total Cash and Investmentss 119,578,552.03 119,405,701.85 119,915,765.72 119,350,509.33 2.465 596 Portfolio CITY AP Run Date:03/05/2004-10:38 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 6 Activity By Type February 1, 2004 through February 29, 2004 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331TTQ4 3210 Federal Farm Credit Bank 2.850 02/20/2004 1,000,000.00 0.00 3133X23E3 3186 Federal Home Loan Bank 4.300 02/26/2004 0.00 2,000,000.00 3133X2KZ7 3187 Federal Home Loan Bank 3.200 02/15/2004 0.00 1,000,000.00 3133X42EO 3207 Federal Home Loan Bank 3.000 02/20/2004 2,000,000.00 0.00 3133MWKG5 3212 Federal Home Loan Bank 2.750 02/26/2004 1,650,891.00 0.00 3128X2TX3 3211 Federal Home Loan Mort Corp 2.750 02/19/2004 2,004,060.00 0.00 Subtotal 6,654,951.00 3,000,000.00 58,581,868.50 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.440 1,OOD,000.00 0.00 SYS2206 2206 LAIF-Redevelopment Agency 1.440 5,000,000.00 5,500,000.00 Subtotal 6,000,000.00 5,500,000.00 38,484,701.85 Treasury Securities-Coupon Subtotal 1,000,000.00 Medium Tenn Notes 06651PAAl 2872 Bank United 5.400 02/02/2004 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 4,479,574.98 Commercial Paper Disc.-Amortizing 17307JBT8 3192 Citigroup Global 1.070 02/27/2004 0.00 2,000,000.00 61745ABP3 3203 Morgan Stanley Dean Witter 1.080 02/23/2004 0.00 2,000,000.00 36959HBD8 3189 General Electric Capital Corp 1.040 02/13/2004 0.00 2,000,000.00 36959HB97 3204 General Electric Capital Corp 1.050 02/09/2004 0.00 1,000,000.00 36959HEM5 3208 General Electric Capital Corp 1.040 02/12/2004 1,994,280.00 0.00 36959HE06 3213 General Electric Capital Corp 1.040 02/27/2004 1,994,973.33 0.00 71708ECFO 3209 Pfizer,Inc. 0.980 02/13/2004 1,998,312.22 0.00 Subtotal 5,987,565.55 7,000,000.00 12,980,041.94 Federal Agency Disc.-Amortizing 313588TF2 3194 Fed.Nat'l Mort.Assoc. 1.020 02/18/2004 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 3,798,385.25 Total 18,642,516.55 18,500,000.00 119,324,572.52 Portfolio CITY AP Run Date:03/05/2004-10:38 PM(PRF_PM3)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary February 2003 through February 2004 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 2003 54 103,784,689.45 3.526 3.575 1.945 2 6 923 625 March 2003 53 100,384,000.65 3.405 3.452 1.904 4 5 902 609 April 2003 55 103,958,406.14 3.267 3.313 1.858 6 4 894 611 May 2003 54 108,068,072.78 2.939 2.980 1.769 7 8 758 491 June 2003 55 114,509,461.61 2.740 2.778 1.697 7 6 738 503 July 2003 55 116,351,329.91 2.600 2.636 1.653 10 10 772 538 August 2003 46 108,011,271.13 2.636 2.672 1.632 4 13 767 536 September 2003 47 105,317,339.67 2.671 2.708 1.635 10 9 832 632 October 2003 45 102,387,411.39 2.759 2.797 1.596 2 4 887 660 November 2003 40 95,493,138.52 2.852 2.891 1.572 2 7 948 718 December 2003 54 107,494,036.71 2.585 2.621 1.545 18 4 847 668 January 2004 54 118,480,571.63 2.474 2.509 1.528 2 2 785 595 February 2004 53 119,578,552.03 2.431 2.465 1.440 7 8 783 596 Average 51 107,991,312.72 2.837% 2.877% 1.675 6 7 834 599 Portfolio CITY AP Run Date:03/052004-10:38 PM(PRF_PM4)SymRepl V6.21 Report Ver.5.00 City of Fib Portfolio Management Page 8 Distribution of Investments By Type February 2003 through February 2004 February March April May June July August September October November December January February Average Security Type 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 2004 2004 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 50.9 49.8 51.5 41.0 39.0 39.5 40.1 42.9 46.1 50.4 50.0 46.1 49.1 45.9% Local Agency Investment Funds 36.7 37.0 34.1 34.1 33.5 26.7 37.9 33.0 32.1 38.5 31.0 31.9 32.3 33.8% Treasury Securities-Coupon 2.0 2.0 1.9 1.8 0.9 0.9 1.0 1.0 1.1 0.9 0.8 0.8 1.2% Medium Term Notes 7.5 7.3 7.0 6.8 6.4 5.8 6.0 6.2 6.6 5.8 4.7 4.6 3.8 6.0% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 3.0 3.9 3.7 10.9 10.3 15.1 10.4 15.2 12.2 4.3 8.5 11.7 10.9 9.2% Federal Agency Disc.-Amortizing 3.6 8.2 10.2 5.5 1.9 2.0 5.0 4.9 3.2 3.4% Treasury Discounts-Amortizing 1.9 1.8 1.7 1.8 0.6% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:03/05/2004-10:38 PM(PRF_PM5)Syn-Rept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 2/29/2004 : 5,1111- Carrying CostPlus� N . _ Description Accrued Interest�Purch Fair Value, _ ,Accruedhlnterest United States Treasury: Bills $ 1,194,296,388.88 $ 1,196,487,000.00 NA Notes $ 6,797,687,527.06 $ 6,819,281,250.00 $ 67,842,709.00 Federal Agency: SBA $ 501,891,570.10 $ 497,336,072.15 $ 1,164,472.76 MBS $ 467,864,032.98 $ 467,158,114.73 $ 2,130,190.52 Bonds $ 2,938,446,444.80 $ 2,961,247,122.30 $ 24,521,537.54 Floaters $ - $ - $ - Discount Notes $ 9,342,452,349.92 $ 9,377,651,800.10 NA FHLMC PC $ 3,692,234.84 $ 4,036,137.85 $ 59,381.40 GNMA $ 499,861.61 $ 574,840.26 $ 4,953.90 Bankers Acceptances $ - $ - NA Bank Notes $ 908,638,972.13 $ 908,653,645.12 $ 2,085,672.34 CDs $ 7,275,039,321.45 $ 7,275,352,521.50 $ 11,907,030.54 Commercial Paper $ 10,233,546,184.99 $ 10,250,709,556.48 NA Corporate: Floaters $ 79,992,220.34 $ 79,978,000.00 $ 215,766.00 Bonds $ 1,735,183,804.34 $ 1,752,037,355.10 $ 23,736,032.13 Repurchase Agreements $ 100,000,000.00 $ 100,000,000.00 NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,844,095,000.00 $ 5,844,095,000.00 NA AB 55&GF Loans $ 6,474,214,614.46 $ 6,474,214,614.46 NA TOTAL $ 53,897,540,527.90 $ 54,008,813,030.05 $ 133,667,746.13 Fair Value Including Accrued Interest $ 54,142,480,776.18 Repurchase Agreements, Time Deposits,AB 55& General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for March, 2004 City Investment Portfolio: February March Inc./(Dec.) End of month City Portfolio Balance $119,324,573 $119,469,551 $144,978 End of month General Fund Balance $13,648,744 $14,362,267 $713,523 Earned Interest Yield Average 2.54% 2.35% -0.19% Average Maturity( in days) 596 567 -29 End of Month Market Value $119,889,829 $120,064,720 $174,891 End of month bank cash balance $5,401,860 $3,832,249 ($1,569,611) Bond Proceeds Investments:* January February Inc./(Dec.) End of Month Bond Reserve Par Value $17,371,074 $18,004,317 $633,243 End of Month Bond Reserve Market Value $17,371,074 $18,004,317 $633,243 Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $59,105,330 $61,803,242 $2,697,912 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $166,667 $232,829 $66,162 Interest Earned Year to Date $999,998 $1,415,967 $415,969 Earned Interest Yield Year to Date 2.22% 2.57% 0.35% *Bond Proceeds Statements lag by one month. **Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. March % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $53,957,141 45% None 1178 3.11% Local Agency Inv. Fund (LAIF) $38,584,702 32% $40 million 1 1.47% U.S. Treasury Notes-Coupon $1,000,000 1% None 517 2.00% Medium Term Notes $4,479,787 4% 20% 461 5.83% Disc. Commercial Paper $15,464,762 13% 25% 61 1.05% Disc. Federal Agy Issues $5,983,159 5% None 102 1.01% $119,469,551 100% City of HB Portfolio Management Portfolio Summary March 31, 2004 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 53,990,000.00 54,347,248.00 53,957,140.71 45.16 1,415 1,178 3.067 3.110 Local Agency Investment Funds 38,584,701.85 38,584,701.85 38,584,701.85 32.30 1 1 1.454 1.474 Treasury Securities-Coupon 1,000,000.00 1,010,000.00 1,000,000.00 0.84 729 517 1.973 2.000 Medium Term Notes 4,481,000.00 4,675,220.72 4,479,787.14 3.75 1,542 461 5.749 5.828 Commercial Paper Disc.-Amortizing 15,492,000.00 15,464,749.28 15,464,762.57 12.94 97 61 1.032 1.046 Federal Agency Disc.-Amortizing 6,000,000.00 5,982,800.00 5,983,158.88 5.01 118 102 0.993 1.007 119,547,701.85 120,064,719.85 119,469,551.15 100.00% 722 567 2.270 2.302 Investments Cash and Accrued Interest Accrued Interest at Purchase 29,458.34 29,458.34 Subtotal 29,458.34 29,458.34 Total Cash and Investments 119,547,701.85 120,094,178.19 119,499,009.49 722 567 2.270 2.302 Total Earnings March 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 232,828.65 1,415,966.61 Current Budget 166,667.00 999,998.00 2,000,000.00 Last Year Actual 305,996.80 1,826,087.90 3,330,314.47 Average Daily Balance 116,721,608.70 110,000,899.70 Effective Rate of Return 2.35% 2.57% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 15,2003. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. 6 -0Y S L. R RICH,CITY TREASURER Portfolio CITY AP Run Date:04/12/2004-13:19 PM(PRF_PM1)SymRepi 6.40.116 Report ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments March 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331 QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 2,025,000.00 2,000,000.00 2.730 AAA 2.730 910 09/28/2006 31331TTQ4 3210 Federal Farm Credit Bank 02/20/2004 1,000,000.00 1,005,310.00 1,000,000.00 2.850 AAA 2.850 1,055 02/20/2007 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 2,021,880.00 2,000,000.00 3.020 AAA 3.020 1,467 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 2,003,760.00 2,000,000.00 2.400 AAA 2.400 1,079 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,999,380.00 2,000,000.00 2.270 AAA 2.270 1,027 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 2,003,760.00 2,000,000.00 3.320 AAA 3.320 1,579 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 2,003,120.00 2,000,000.00 2.900 AAA 2.900 1,580 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,876,603.00 1,850,000.00 4.000 AAA 4.000 1,642 09/29/2008 3133X1ZNO 3183 Federal Home Loan Bank 11/20/2003 1,000,000.00 1,008,130.00 1,000,000.00 3.340 AAA 3.341 1,236 08/20/2007 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,142,675.00 2,117,005.17 2.375 AAA 2.806 956 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 1,004,380.00 1,000,000.00 2.640 AAA 2.641 911 09/29/2006 31339YFL1 3198 Federal Home Loan Bank 12/18/2003 2,000,000.00 2,000,620.00 1,986,776.49 1.885 AAA 2.260 662 01/23/2006 3133X42EO 3207 Federal Home Loan Bank 02/20/2004 2,000,000.00 2,011,880.00 2,000,000.00 3.000 AAA 3.000 1,055 02/20/2007 312925A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,020,000.00 1,997,827.91 4.500 AAA 4.537 1,208 07/23/2007 3128XOU80 3137 Federal Home Loan Mort Corp 04/02/2003 2,000,000.00 2,000,100.00 2,000,000.00 3.000 AAA 3.000 1,096 04/02/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 2,010,160.00 2,000,000.00 3.000 AAA 3.000 1,573 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 2,010,380.00 2,000,000.00 3.000 AAA 3.000 1,392 01/23/2008 3128X1E45 3173 Federal Home Loan Mort Corp 09/03/2003 1,000,000.00 1,013,620.00 1,000,000.00 4.300 AAA 4.300 1,616 09/03/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1,000,000.00 1,003,270.00 1,000,000.00 2.625 AAA 2.625 820 06/30/2006 3128X2TX3 3211 Federal Home Loan Mort Corp 02/19/2004 2,000,000.00 2,022,320.00 2,003,900.64 2.750 AAA 2.678 1,044 02/09/2007 3128X1 DE4 3216 Federal Home Loan Mort Corp 03/15/2004 2,000,000.00 2,003,760.00 2,004,918.28 2.500 AAA 2.404 977 12/04/2006 3128X2RP2 3225 Federal Home Loan Mort Corp 03/29/2004 2,000,000.00 2,009,800.00 2,007,186.02 2.750 AAA 2.618 1,044 02/09/2007 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,006,250.00 999,627.67 6.000 AAA 6.343 46 05/17/2004 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,031,560.00 1,000,000.00 5.010 AAA 5.010 1,049 02/14/2007 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,040,630.00 1,000,000.00 5.350 AAA 5.350 1,106 04/12/2007 31359MSC8 3148 Fed.Nat'l Mort.Assoc. 06/04/2003 2,000,000.00 2,003,760.00 1,996,660.00 2.000 AAA 2.042 1,525 06/04/2008 3136F4CJ1 3171 Fed.Nat'l Mort.Assoc. 09/08/2003 2,000,000.00 2,026,880.00 2,000,000.00 4.200 AAA 4.200 1,621 09/08/2008 3136F3VTO 3193 Fed.Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 2,008,760.00 1,982,333.99 2.100 AAA 2.510 816 06/26/2006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 2,008,120.00 2,000,000.00 3.000 AAA 3.000 1,002 12/29/2006 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 03/22/2004 2,000,000.00 2,009,380.00 2,010,904.54 2.750 AAA 2.510 862 08/11/2006 3136F5KWO 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 2,012,000.00 2,000,000.00 3.610 AAA 3.610 1,824 03/30/2009 Subtotal and Average 53,064,413.85 53,990,000.00 54,347,248.00 53,957,140.71 3.110 1,178 Local Agency Investment Funds SYS982 982 Lail City 19,994,412.93 19,994,412.93 19,994,412.93 1.474 NR 1.474 1 SYS2206 2206 LAIF-Redevelopment Agency 18,590.288.92 18,590,288.92 18,590,288.92 1.474 NR 1.474 1 Portfolio CITY AP Run Date:04/12/2004-13:19 PM(PRF_PM2)SymRepl 6.40.116 Report Ver.5.00 City of FIB Portfolio Management Page 3 Portfolio Details - Investments March 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Subtotal and Average 39,204,056.69 38,584,701.85 38,584,701.85 38,584,701.85 1.474 1 Treasury Securities-Coupon 91282813J8 3175 US Treasury Bill 09/02/2003 1,000,000.00 1,010,000.00 1,000,000.00 2.000 AAA 2.000 517 08/31/2005 Subtotal and Average 1,000,000.00 1,000,000.00 1,010,000.00 1,000,000.00 2.000 517 Medium Term Notes 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 1,018,860.00 1,004,139.71 2.850 Aaa 2.590 609 12/01/2005 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 516,170.72 477,310.55 6.250 Aa 6.800 609 12/01/2005 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,050,440.00 999,583.22 7.500 Aa3 7.559 316 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,077,820.00 999,186.18 5.750 Aa 5.795 769 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,011,930.00 999,567.48 6.700 Aa3 6.920 81 06/21/2004 Subtotal and Average 4,479,687.90 4,481,000.00 4,675,220.72 4,479,787.14 5.828 461 Commercial Paper Disc.-Amortizing 02581RFJ7 3214 American Express 03/10/2004 2,000,000.00 1,995,540.00 1,995,666.66 1.000 A1P1 1.017 78 06/18/2004 17307JFA5 3206 Citigroup Global 01/21/2004 2,000,000.00 1,996,000.00 1,995,955.55 1.040 Aa 1.059 70 06/10/2004 17307JHD7 3219 Citigroup Global 03/19/2004 2,000,000.00 1,992,180.00 1,992,183.33 1.050 Aa 1.069 134 08/13/2004 36959HD61 3205 General Electric Capital Corp 01/21/2004 2,000,000.00 1,999,720.00 1,999,713.89 1.030 Aaa 1.047 5 04/06/2004 36959HEM5 3208 General Electric Capital Corp 02/12/2004 2,000,000.00 1,997,160.00 1,997,111.11 1.040 Aaa 1.057 50 05/21/2004 36959HEQ6 3213 General Electric Capital Corp 02/27/2004 2,000,000.00 1,997,000.00 1,996,937.78 1.040 Aaa 1.057 53 05/24/2004 71708EESO 3224 Pfizer,Inc. 03/29/2004 2,000,000.00 1,996,880.00 1,996,944.45 1.000 A1+ 1.016 55 05/26/2004 81989CEC8 3217 Sharp Electronics Corp. 03/17/2004 1,492,000.00 1,490,269.28 1,490,249.80 1.030 A1P7 1.046 41 05/12/2004 Subtotal and Average 13,957,306.73 15,492,000.00 15,464,749.28 15,464,762.57 1.046 61 Federal Agency Disc.-Amortizing - 313396ZP1 3220 Federal Home Loan Mort Corp 03/19/2004 2,000,000.00 1,993,800.00 1,993,944.44 1.000 AAA 1.017 109 07/19/2004 313588XQ3 3215 Fed.Nat'l Mort.Assoc. 03/10/2004 2,000,000.00 1,996,600.00 1,996,658.89 0.970 AAA 0.986 62 06/02/2004 313588687 3218 Fed.Nat'l Mort.Assoc. 03/17/2004 2,000,000.00 1,992,400.00 1,992,555.55 1.000 AAA 1.018 134 08/13/2004 Subtotal and Average 5,016,143.52 6,000,000.00 5,982,800.00 5,983,158.88 1.007 102 Total and Average 116,721,608.70 119,547,701.85 120,064,719.85 119,469,551.15 2.302 567 Portfolio CITY AP Run Date:04/12/2004-13:19 PM(PRF_PM2)SymRept 6.40.118 City of HB Portfolio Management Page 4 Portfolio Details - Cash March 31, 2004 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 29,458.34 29,458.34 0 Subtotal 29,458.34 29,458.34 Total Cash and Investmentss 116,721,608.70 119,547,701.85 120,094,178.19 119,499,009.49 2.302 567 Portfolio CITY AP Run Date:04/12/2004-13:19 PM(PRF_PM2)SymRepl 6.40.118 City of HB Portfolio Management Page 5 Activity By Type March 1, 2004 through March 31, 2004 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331TBQ3 3170 Federal Farm-Credit Bank 3.100 03/05/2004 O.Ob 2,000,000.00 31331TLE9 3196 Federal Farm Credit Bank 3.000 03/01/2004 0.00 999,564.26 31331TLU3 3200 Federal Farm Credit Bank 2.875 03/05/2004 0.00 1,999,538.93 3133XOZ69 3174 Federal Home Loan Bank 4.420 03/16/2004 0.00 1,000,000.00 3133MWKG5 3212 Federal Home Loan Bank 2.750 03/10/2004 0.00 1,650,874.01 3128XOU72 3135 Federal Home Loan Mort Corp 3.400 03/26/2004 0.00 2,000,000.00 3128X1 DE4 3216 Federal Home Loan Mort Corp 2.500 03/15/2004 2,005,000.00 0.00 3128X2RP2 3225 Federal Home Loan Mort Corp 2.750 03/29/2004 2,007,200.00 0.00 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 5.910 03/19/2004 0.00 1,000,000.00 313641<51-0 2998 Fed.Nat'l Mort.Assoc. 5.550 03/16/2004 0.00 1,000,000.00 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 5.300 03/29/2004 0.00 1,000,000.00 31359MSV6 3221 Fed.Nat'l Mort.Assoc. 2.750 03/22/2004 2,011,020.00 0.00 3136F5KWO 3223 Fed.Nat'l Mort.Assoc. 3.610 03/30/2004 2,000,000.00 0.00 Subtotal 8,023,220.00 12,649,977.20 53,957,140.71 Local Agency Investment Funds (Monthly Summary) SYS2206 2206 LAIF-Redevelopment Agency 1.474 1,500,000.00 1,400,000.00 Subtotal 1,500,000.00 1,400,000.00 38,584,701.85 Treasury Securities-Coupon Subtotal 1,000,000.00 Medium Term Notes Subtotal 4,479,787.14 Commercial Paper Disc.-Amortizing 02581RFJ7 3214 American Express 1.000 03/10/2004 1,994,444.44 0.00 17307JCC4 3191 Citigroup Global 1.070 03/12/2004 0.00 1,000,000.00 17307JCR7 3199 Citigroup Global 1.080 03/25/2004 0.00 2,000,000.00 17307JHD7 3219 Citigroup Global 1.050 03/19/2004 1,991,425.00 0.00 71708ECFO 3209 Pfizer,Inc. 0.980 03/15/2004 0.00 2,000,000.00 71708EESO 3224 Pfizer,Inc. 1.000 03/29/2004 1,996,777.78 0.00 81989CEC8 3217 Sharp Electronics Corp. 1.030 03/17/2004 1,489,609.48 0.00 Subtotal 7,472,256.70 5,000,000.00 15,464,762.57 Portfolio CITY AP Run Date:04/12/2004-13:19 PM(PRF_PM3)SymRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 6 Y Type ActivityB T e March 1, 2004 through March 31, 2004 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Disc.-Amortizing 313396UQ4 3188 Federal Home Loan Mort Corp 1.045 03/22/2004 0.00 1,800,000.00 313396ZP1 3220 Federal Home Loan Mort Corp 1.000 03/19/2004 1,993,222.22 0.00 313588UC7 3190 Fed.Nat'l Mort.Assoc. 1.035 03/10/2004 0.00 2,000,000.00 313588XQ3 3215 Fed.Nat'l Mort.Assoc. 0.970 03/10/2004 1,995,473.33 0.00 313588B87 3218 Fed.Nat'l Mort.Assoc. 1.000 03/17/2004 1,991,722.22 0.00 Subtotal 5,980,417.77 3,800,000.00 5,983,158.88 Total 22,975,894.47 22,849,977.20 119,469,551.15 Portfolio CITY AP Run Date:04/12/2004-13:19 PM(PRF_PM3)SymRept 6.40.118 City of HB Portfolio Management Page 7 Activity Summary March 2003 through March 2004 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity March 2003 53 100,384,000.65 3.405 3.452 1.904 4 5 902 609 April 2003 55 103,958,406.14 3.267 3.313 1.858 6 4 894 611 May 2003 54 108,068,072.78 2.939 2.980 1.769 7 8 758 491 June 2003 55 114,509,461.61 2.740 2.778 1.697 7 6 738 503 July 2003 55 116,351,329.91 2.600 2.636 1.653 10 10 772 538 August 2003 46 108,011,271.13 2.636 2.672 1.632 4 13 767 536 September 2003 47 105,317,339.67 2.671 2.708 1.635 10 9 832 632 October 2003 45 102,387,411.39 2.759 2.797 1.596 2 4 887 660 November 2003 40 95,493,138.52 2.852 2.891 1.572 2 7 948 718 December 2003 54 107,494,036.71 2.585 2.621 1.545 18 4 847 668 January 2004 54 118,480,571.63 2.474 2.509 1.528 2 2 785 595 February 2004 53 119,578,552.03 2.431 2.465 1.440 7 8 783 596 March 2004 50 116,721,608.70 2.270 2.302 1.474 11 14 722 567 Average 51 108,969,712.28 2.741% 2.779% 1.639 7 7 818 594 Portfolio CITY AP Run Date:04/12/2004•13:19 _ PM(PRF_PM4)SyrnRept 6.40.118 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type March 2003 through March 2004 March April May June July August September October November December January February March Average Security Type 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 2004 2004 2004 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 49.8 51.5 41.0 39.0 39.5 40.1 42.9 46.1 50.4 50.0 46.1 49.1 45.2 45.4% Local Agency Investment Funds 37.0 34.1 34.1 33.5 26.7 37.9 33.0 32.1 38.5 31.0 31.9 32.3 32.3 33.4% Treasury Securities-Coupon 2.0 1.9 1.8 0.9 0.9 1.0 1.0 1.1 0.9 0.8 0.8 0.8 1.1% Medium Term Notes 7.3 7.0 6.8 6.4 5.8 6.0 6.2 6.6 5.8 4.7 4.6 3.8 3.8 5.7% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 3.9 3.7 10.9 10.3 15.1 10.4 15.2 12.2 4.3 8.5 11.7 10.9 12.9 10.0% Federal Agency Disc.-Amortizing 3.6 8.2 10.2 5.5 1.9 2.0 5.0 4.9 3.2 5.0 3.8% Treasury Discounts-Amortizing 1.9 1.8 1.7 1.8 0.6% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:04/12/2004-13:19 PM(PRF_PM5)SyrnRept 6.40.118 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 03/31/04 Will, :y � AmartErzed � st Faye Value cruel lnferes Dsc rc e tic�n Accrued lnteres uh .. . . . . �., _.. `. ._ mom. United States Treasury: Bills $ 1,094,783,138.88 $ 1,097,506,732.29 $ 1,097,531,000.00 NA Notes $ 6,147,706,685.12 $ 6,147,706,685.12 $ 6,159,525,750.00 $ 75,275,049.50 Federal Agency: SBA $ 523,368,506.43 $ 523,339,690.25 $ 518,045,303.71 $ 1,208,431.29 MBS $ 453,547,512.20 $ 453,547,512.20 $ 449,605,759.16 $ 2,060,367.82 Bonds $ 2,938,446,444.80 $ 2,938,446,444.80 $ 2,959,798,872.30 $ 31,703,535.24 Floaters $ - $ - $ - $ - Discount Notes $ 9,165,816,591.54 $ 9,202,507,743.41 $ 9,204,298,561.30 NA FHLMC PC $ 3,566,661.69 $ 3,566,661.69 $ 3,901,259.99 $ 57,381.24 GNMA $ 492,350.06 $ 492,350.06 $ 566,805.96 $ 4,869.69 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 808,635,419.39 $ 808,585,019.83 $ 808,619,864.32 $ 1,496,054.66 CDs $ 7,935,044,108.97 $ 7,935,044,108.97 $ 7,935,314,634.75 $ 15,789,948.60 Commercial Paper $ 8,016,691,420.90 $ 8,029,748,324.49 $ 8,030,273,841.11 NA Corporate: Floaters $ 79,992,220.34 $ 79,992,220.34 $ 80,004,500.00 $ 38,125.00 Bonds $ 1,711,208,851.63 $ 1,711,208,851.63 $ 1,723,408,938.24 $ 27,034,267.50 Repurchase Agreements $ - $ - $ - NA Reverse Repurchase $ - $ $ $ Time Deposits $ 5,881,295,000.00 $ 5,881,295,000.00 $ 5,881,295,000.00 NA AB 55&GF Loans $ 7,136,931,359.54 $ 7,136,931,359.54 $ 7,136,931,359.54 NA TOTAL $ 51,897,526,271.49 $ 51,949,918,704.62 $ 51,989,121,450.38 $ 154,668,030.54 Fair Value Including Accrued Interest $ 52,143,789,480.92 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 i1.000754626). 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$20,015,092.51 or$20,000,000.00 x 1.000754626 Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of January 31,2004 Summary of investments by type Market Value Market Value Par Value Investment Type as of 12/31/03 as of 1/31/04 $1,463,707 Local Agency Investment Fund (LAIF) $1,463,028 $1,463,707 $13,291,947 Investment Agreements $17,762,535 $13,291,947 $2,264,176 Money Market Funds $1,167,121 $2,264,176 $351,244 US Treasury Securities $351,244 $351,244 $17,371,074 $20,743,928 $17,371,074 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 12/31/03 as of 1/31/04 $2,079,153 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,720,799 $2,079,153 $584,743 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $638,757 $584,743 $5,952,973 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $10,423,339 $5,952,973 $3,236,759 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,653,852 $3,236,759 $1,350,437 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,354,527 $1,350,437 $174,027 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $173,349 $174,027 $1,818,481 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,818,259 $1,818,481 $961,910 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $753,097 $961,910 $883,836 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $883,710 $883,836 $215,181 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $210,726 $215,181 $22 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $22 $22 $113,551 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $113,492 $113,551 $17,371,074 $20,743,928 $17,371,074 Schedule of Bond Investments Held by Fiscal Agent as of February 29, 2004 Summary of investments by type Market Value Market Value Par Value Investment Type as of 1/31/04 as of 2/29/04 $1,470,940 Local Agency Investment Fund (LAIF) $1,463,707 $1,470,940 $13,307,751 Investment Agreements $13,291,947 $13,307,751 $2,895,138 Money Market Funds $2,264,176 $2,895,138 $330,488 US Treasury Securities $351,244 $330,488 $18,004,317 $17,371,074 $18,004,317 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 1/31/04 as of 2/29/04 $1,649,289 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $2,079,153 $1,649,289 $734,016 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $584,743 $734,016 $6,668,699 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $5,952,973 $6,668,699 $2,694,840 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $3,236,759 $2,694,840 $1,838,393 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,350,437 $1,838,393 $174,028 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,027 $174,028 $2,105,076 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,818,481 $2,105,076 $760,273 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $961,910 $760,273 $883,842 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $883,836 $883,842 $219,691 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $215,181 $219,691 $47,647 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $22 $47,647 $228,523 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $113,551 $228,523 $18,004,317 $17,371,074 $18,004,317 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2003 Beginning Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (9-30-03) (12-31-03) ICMA Retirement Corporation (457 Plan) $16,230,320 $334,565 ($110,575) $1,062,285 ($23;405) $17,493,191 ICMA Retirement Corporation (401 Plan) $274,620 $19,456 $0 $13,758 $0 $307,835 Nationwide Retirement Solutions (457 Plan) $42,263,685 $831,822 ($1,743,086) $2,313,142 ($50) $43,665,512 Trust Deeds $336,704 $0 $0 $0 $0 $336,704 Total Deferred Compensation Plan Balances $59,105,330 $1,185,843 ($1,853,661) $3,389,185 ($23,455) $61,803,242 March 2004 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA TREASURER' S I � ln: Shari L . Freidenrich , CPA, CCMT , CMFA May 3, 2004 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Balance Trends Portfolio Balances b Type $111M $121M $110M $102 $116M $117M $119M 100 /o US Treas o Med Notes 80 /o UM LAI F 60% Fed Ag. " ' ' ❑ CP Mims 40% - III BA El 20% Re p u r. Slide 2 Mar-00 Mar-01 Mar-02 Mar-03 Jun-03 Dec-03 Mar-04 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Summary of Investment byCity Fund March 31 , 2004 $835 225 $11 ,0063719 $14,362,267 $525 887 3 ( , )RIO .. . $20 812 721 ' H Slide 3 $183832,013 $573360,153 ($155213160) Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Percentages By Type of Investment Federal Agencies 45% ar FBI a' saa��'a r r�r 10 y y /Com 1 ✓ a 7� r PPA V a 1 x ,;g aP LAW r `\\ „ z \ Fed. Disco Slide 4 5% Treasury Sec. 1% Medium Ter Notes 4% Treasurer's Report - Shari L., Freidenrich, CPA, CCMT, CMFA Liquidity Investment Maturities by Days, Ending March 2003/2004 37% M1 1 Day 40% 32% E 2-180 Days ' o E1 .5 - 1Yr. 30% 0 23 /o o 19 /o 17 /o 1 - 1 .5 Yr. 12 /o 20% 10 /o 14 1 .5 - 2 Yr. . 2 - 3Yr 10% ' 1% ,y 3 - 4Yr. 0% :� 4 - 5 Yr. 3% 2% 15% 1% 3% 7% Slide 5 2003 2004 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $1090009000 $590009000 , 0OdUP ($590009000) y ($8)5475224) WP ($1057849642) ($15,0003000) ($11 ,770,974) ($9,363,624) ($10,589,156) ($20,000,000) ($10,814,261 ) Apr-04 May-04 Jun-04 Ju1-04 Aug-04 Sep-04 Slide 6 ?II� � H /fit : �E� u;� [y' F5 4 f• ' " Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Yields Trends 5.00% 3.64% 3.39% 4.00% 2.65% 2.57% 3.00% -77 777 ,y 2.08% 1.75% 1.60% 1 .57% 2.00% � 1 .00% a k �r F a/ &�* z Mar-03 Jun-03 Dec-03 Mar-04 Slide 7 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Summary • Recommendation to City Council Slide 8 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: February and March 2004 Investment Summary Report COUNCIL MEETING DATE: May 3, 2004 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attome Not Applicable Subleases, Third Party Agreements, etc. Approved as to form by City Attorney Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over$5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable V. EXPLAN-ATTIONFOR'MISSING ATTACHMENTS REVIEWED RETURNED FO. 'AREA Administrative Staff Assistant City Administrator Initial City Administrator (Initial) o ) rcity Clerk EXPLANATIONFOR 'RETURN OF ITEM. Only)(Below Space For City Clerk's Use RCA Author: �j'/��7 ,�,4C✓7 bew A-1 3 Council/Agency Meeting Held: - Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied a City k's gnature Council Meeting Date: March 15, 2004 Department ID Number: CT 04-09 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS N C. SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurp ;z PREPARED BY: SHARI L. FREIDENRICH, City Treas� N C)- z SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JANUARY 200'41 INVESTMENT SUMMARY REPORT T Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Ott achment(s) Statement of Issue: Review and accept the monthly investment report for January 2004, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for January 2004, pursuant to Section 17.0 of the Investment Policy of the City.of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for January 2004. 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. January 2004 PowerPoint Presentation C�a Monthly Investment Report and Summary of Investments for January 2004 Attachment 1 1;j City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for January, 2004 City Investment Portfolio: December January Inc./(Dec.) End of month City Portfolio Balance $116,916,078 $119,163,482 $2,247,404 End of month General Fund Balance $12,903,996 $14,084,559 $1,180,563 Earned Interest Yield Average 2.65% 2.59% -0.06% Average Maturity(in days) 668 595 -73 End of Month Market Value $117,314,382 $119,546,515 $2,232,133 End of month bank cash balance $3,299,341 $5,179,615 $1,880,274 Bond Proceeds Investments:* November December Inc./(Dec.) End of Month Bond Reserve Par Value $24,429,167 $20,743,928 ($3,685,239) End of Month Bond Reserve Market Value $24,429,167 $20,743,928 ($3,685,239) Deferred Compensation Investments:** 9/30/2003 12/30/2003 Inc./(Dec.) Participant Balances $59,105,330 $61,803,242 $2,697,912 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $166,666 $260,907 $94,241 Interest Earned Year to Date $666,664 $941,625 $274,961 Earned Interest Yield Year to Date 2.22% 2.63% 0.41% *Bond Proceeds Statements lag by one month. **Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. January %of Total Policy Limit to Mat. Rate Federal Agency Issues- Coupon $54,924,577 46% None 1221 3.39% Local Agency Inv. Fund (LAIF) $37,984,702 32% $40 million 1 1.53% U.S. Treasury Notes- Coupon $1,000,000 1% None 577 2.00% Medium Term Notes $5,479,356 4% 20% 427 5.81% Disc. Commercial Paper $13,980,608 12% 25% 47 1.07% Disc. Federal Agy Issues $5,794,239 5% None 34 1.05% $119,163,482 100% 0 City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary January 31, 2004 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 54,990,000.00 55,090,370.10 54,924,577.26 46.09 1,499 1,221 3.340 3.386 Local Agency Investment Funds 37,984,701.85 37,984,701.85 37,984,701.85 31.88 1 1 1.507 1.528 Treasury Securities-Coupon 1,000,000.00 1,006,560.00 1,000,000.00 0.84 729 577 1.973 2.000 Medium Term Notes 5,481,000.00 5,688,663.06 5,479,355.60 4.60 1,591 427 5.725 5.805 Commercial Paper Disc.-Amortizing 14,000,000.00 13,981,360.00 13,980,608.33 11.73 84 47 1.060 1.074 Federal Agency Disc.-Amortizing 5,800,000.00 5,794,860.00 5,794,239.17 4.86 87 34 1.036 1.050 Investments 119,255,701.85 119,546,515.01 119,163,482.21 100.00% 785 595 2.474 2.509 Cash and Accrued Interest Accrued Interest at Purchase 20,255.31 20,255.31 Subtotal 20,255.31 20,255.31 Total Cash and Investments 119,255,701.85 119,566,770.32 119,183,737.52 785 595 2.474 2.509 Total Earnings January 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 260,907.24 941,625.15 Current Budget 166,666.00 666,664.00 2,000,000.00 Last Year Actual 310,825.53 1,224,375.63 3,330,314.47 Average Daily Balance 118,480,511.63 106,048,916.81 Effective Rate of Return 2.59% 2.63% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 15,2003. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. 2 Z 7_a y S .F EI N ICH,CITY TREASURER Portfolio CITY AP Run Date:02/06/2004-09:55 PM(PRF_PM1)SymRept V6.21 Report Ver.5.00 City of 1-113 Portfolio Management Page 2 Portfolio Details - Investments January 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331 QXM4 3138 Federal Farm Credit Bank 03/28/2003 2.000,000.00 2,012,500.00 2,000,000.00 2.730 AAA 2.730 970 09/28/2006 31331TBQ3 3170 Federal Farm Credit Bank 09/05/2003 2.000,000.00 2,003,120.00 2,000,000.00 3.100 AAA 3.100 947 09/05/2006 31331TLE9 3196 Federal Farm Credit Bank 12/16/2003 1,000,000.00 1,001,250.00 999,551.06 3.000 AAA 3.016 1,034 12/01/2006 31331TLU3 3200 Federal Farm Credit Bank 12/19/2003 2,000,000.00 2,002,500.00 1,999,521.52 2.875 AAA 2.885 947 09/05/2006 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,983,760.00 2,000,000.00 3.020 AAA 3.020 1,527 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,981,880.00 2,000,000.00 2.400 AAA 2.400 1,139 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,979,380.00 2,000,000.00 2.270 AAA 2.270 1,087 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,991,880.00 2,000,000.00 3.320 AAA 3.320 1,639 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,963,120.00 2,000,000.00 2.900 AAA 2.900 1,640 07/29/2008 3133XOZ69 3174 Federal Home Loan Bank 09/10/2003 1,000,000.00 1,003,440.00 1,000,000.00 4.420 AAA 4.420 1,683 09/10/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,873,698.50 1,850,000.00 4.000 AAA 4.000 1,702 09/29/2008 3133X1ZNO 3183 Federal Home Loan Bank 11/20/2003 1,000,000.00 1,009,060.00. 1,000,000.00 3.340 AAA 3.341 1,296 08/20/2007 3133X23E3 3186 Federal Home Loan Bank 11/26/2003 2,000,000.00 2,003,760.00 2,000,000.00 4.300 AAA 4.300 1,760 11/26/2008 3133X2KZ7 3187 Federal Home Loan Bank 12/15/2003 1,000,000.00 1.000,630.00 1,000,000.00 3.200 AAA 3.200 1,048 12/15/2006 31339YUQ3 3195 Federal Home Loan Bank 12/11/2003 2,140,000.00 2,131,311.60 2,115,540.53 2.375 AAA 2.806 1,016 11/13/2006 3133X2ZN8 3197 Federal Home Loan Bank 12/29/2003 1,000,000.00 998,130.00 1,000,000.00 2.640 AAA 2.641 971 09/29/2006 31339YFL1 3198 Federal Home Loan Bank 12/18/2003 2,000,000.00 1.992,500.00 1,985,559.60 1.885 AAA 2.260 722 01/23/2006 312925A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,029,380.00 1,997,718.58 4.500 AAA 4.537 1,268 07/23/2007 3128XOU72 3135 Federal Home Loan Mort Corp 03/26/2003 2,000,000.00 2,002,300.00 2,000,000.00 3.400 AAA 3.400 1,515 03/26/2008 3128XOU80 3137 Federal Home Loan Mort Corp 04/02/2003 2,000,000.00 2,004,020.00 2,000,000.00 3.000 AAA 3.000 1,156 04/02/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,971,480.00 2,000,000.00 3.000 AAA 3.000 1.633 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,989,200.00 2,000,000.00 3.000 AAA 3.000 1,452 01/23/2008 3128X1E45 3173 Federal Home Loan Mort Corp 09/03/2003 1,000,000.00 1,017,720.00 1,000,000.00 4.300 AAA 4.300 1,676 09/03/2008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/30/2003 1.000,000.00 1,004,410.00 1,000,000.00 2.625 AAA 2.625 880 06/30/2006 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,006,270.00 1,000,000.00 5.910 AAA 5.909 47 03/19/2004 31364GO93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,014,270.00 999,142.03 6.000 AAA 6.343 106 05/17/2004 31364K5LO 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000.000.00 1,005,310.00 1,000,000.00 5.550 AAA 5.550 774 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,006,250.00 1,000,000.00 5.300 AAA 5.300 787 03/29/2006 3136FtKV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,036,880.00 1,000,000.00 5.010 AAA 5.010 1,109 02/14/2007 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,045,940.00 1,000,000.00 5.350 AAA 5.350 1,166 04/12/2007 31359MSCB 3148 Fed.Nat'l Mort.Assoc. 06/04/2003 2,000,000.00 1,988,760.00 1,996,526.67 2.000 AAA 2.042 1,585 06/04/2008 3136174CJ1 3171 Fed.Nat'l Mort.Assoc. 09/08/2003 2,000,000.00 2,032,500.00 2,000,000.00 4.200 AAA 4.260 1,681 09/08/2008 3136F3VTO 3193 Fed.Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 1,992,500.00 1,981,017.27 2.100 AAA 2.510 876 06/26/2006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12/29/2003 2,000,000.00 2,011,260.00 2,000,000.00 3.000 AAA 3.000 1,062 12/29/2006 Subtotal and Average 57,858,733.43 54,990,000.00 55,090,370.10 54,924,577.26 3.386 1,221 Portfolio CITY AP Run Date:02/06/2004-09:55 PM(PRF_PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments January 31, 2004 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Local Agency Investment Funds SYS982 982 Laif City 18,994,412.93 18,994,412.93 18,994,412.93 1.528 NR 1.528 1 SYS2206 2206 LAIF-Redevelopment Agency 18,990,288.92 18,990,288.92 18,990,288.92 1.528 NR 1.528 1 Subtotal and Average 36,948,376.80 37,984,701.85 37,984,701.85 37,984,701.85 1.528 1 Treasury Securities-Coupon 91282813,18 3175 US Treasury Bill 09/02/2003 1,000,000.00 1,006,560.00 1,000,000.00 2.000 AAA 2.000 577 08/31/2005 Subtotal and Average 1,000,000.00 1,000,000.00 1,006,560.00 1,000,000.00 2.000 577 Medium Term Notes 026870BB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 1,015,260.00 1,004,553.68 2.850 Aaa 2.590 669 12/01/2005 06651PAA1 2872 Bank United 02/17/1999 1,000,000.00 1,000,000.00 999,992.81 5.400 Aaa 5.700 1 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 518,643.06 476,941.60 6.250 Aa 6.800 669 12/01/2005 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,058,730.00 999,502.56 7.500 Aa3 7.559 376 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,074,810.00 999,121.85 5.750 Aa 5.795 829 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,021,220.00 999,243.10 6.700 Aa3 6.920 141 06/21/2004 Subtotal and Average 5,479,155.50 5,481,000.00 5,688,663.06 5,479,355.60 5.805 427 Commercial Paper Disc.-Amortizing 17307JCC4 3191 Citigroup Global 12/10/2003 1,000,000.00 998,900.00 998,811.11 1.070 Aa 1.088 40 03/12/2004 17307JBT8 3192 Citigroup Global 12/10/2003 2,000,000.00 1,998,580.00 1,998,454.44 1.070 Aa 1.087 26 02/27/2004 17307JCR1 3199 Citigroup Global 12/19/2003 2,000,000.00 1,997,060.00 1,996,820.00 1.080 Aa 1.098 53 03/25/2004 17307JFA5 3206 Citigroup Global 01/21/2004 2,000,000.00 1,992,480.00 1,992,488.89 1.040 Aa 1.059 130 06/10/2004 61745ABP3 3203 Morgan Stanley Dean Witter 12/22/2003 2,000,000.00 1,998,820.00 1,998,680.00 1.080 _ Aa3 1.097 22 02/23/2004 36959HBD8 3189 General Electric Capital Corp 12/10/2003 2,000,000.00 1,999,380.00 1,999,306.67 1.040 Aaa 1.056 12 02/13/2004 36959HB97 3204 General Electric Capital Corp 12/23/2003 1,000,000.00 999,800.00 999,766.67 1.050 Aaa 1.066 8 02/09/2004 36959HD61 3205 General Electric Capital Corp 01/21/2004 2,000,000.00 1,996,340.00 1,996,280.55 1.030 Aaa 1.047 65 04/06/2004 Subtotal and Average 11,402,562.99 14,000,000.00 13,981,360.00 13,980,608.33 1.074 47 Federal Agency Disc.-Amortizing 313396UQ4 3188 Federal Home Loan Mort Corp 12/10/2003 1,800,000.00 1,797,660.00 1,797,387.50 1.045 AAA 1.063 50 03/22/2004 313588UC7 3190 Fed.Nat'l Mort.Assoc. 12/10/2003 2,000,000.00 1,998,000.00 1,997,815.00 1.035 AAA 1.052 38 03/10/2004 313588TF2 3194 Fed.Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 1,999,200.00 1,999,036.67 1.020 AAA 1.036 17 02/18/2004 Subtotal and Average 5,791,742.92 5,800,000.00 5,794,860.00 5,794,239.17 1.050 34 Portfolio CITY AP Run Date:02/062004-09:55 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments January 31, 2004 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Total and Average 118,480,571.63 119,255,701.85 119,546,515.01 119,163,482.21 2.509 595 Portfolio CITY AP Run Date:02/06/2004-09:55 PM(PRF PM2)SymRept V6.21 City_ of FIB Portfolio Management Page 5 Portfolio Details -Cash January 31, 2004 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 20,255.31 20,255.31 0 Subtotal 20,255.31 20,255.31 Total Cash and Investmentss 118,480,571.63 119,255,701.85 119,566,770.32 119,183,737.52 2.509 595 Portfolio CITY AP Run Date:02/06/2004-09:55 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 6 Activity By Type January 1, 2004 through January 31, 2004 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3136F21-97 3131 Fed.Nat'l Mort.Assoc. 4.000 01/30/2004 0.00 2,000,000.00 3136F2E38 3184 Fed.Nat'l Mort.Assoc. 3.750 01/23/2004 0.00 1,499,736.69 Subtotal 0.00 3,499,736.69 54,924,577.26 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.528 2,747,829.99 2,000,000.00 SYS2206 2206 LAIF-Redevelopment Agency 1.528 3,993,318.33 3,000,000.00 Subtotal 6,741,148.32 5,000,000.00 37,984,701.85 Treasury Securities-Coupon Subtotal 1,000,000.00 Medium Term Notes Subtotal 5,479,355.60 Commercial Paper Disc.-Amortizing 17307JFA5 3206 Citigroup Global 1.040 01/21/2004 1,991,853.33 0.00 36959HD61 3205 General Electric Capital Corp 1.030 01/21/2004 1,995,651.11 0.00 Subtotal 3,987,504.44 0.00 13,980,608.33 Federal Agency Disc.-Amortizing Subtotal 5,794;239.17 Total 10,728,652.76 8,499,736.69 119,163,482.21 Portfolio CITY AP Run Dale:02/06/2004-09:55 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary January 2003 through January 2004 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 2003 58 107,056,629.59 3.517 3.566 2.103 6 6 892 618 February 2003 54 103,784,689.45 3.526 3.575 1.945 2 6 923 625 March 2003 53 100,384,000.65 3.405 3.452 1.904 4 5 902 609 April 2003 55 103,958,406.14 3.267 3.313 1.858 6 4 894 611 May 2003 54 108,068,072.78 2.939 2.980 1.769 7 8 758 491 June 2003 55 114,509,461.61 2.740 2.778 1.697 7 6 738 503 July 2003 55 116,351,329.91 2.600 2.636 1.653 10 10 772 538 August 2003 46 108,011,271.13 2.636 2.672 1.632 4 13 767 536 September 2003 47 105,317,339.67 2.671 2.708 1.635 10 9 832 632 October 2003 45 102,387,411.39 2.759 2.797 1.596 2 4 887 660 November 2003 40 95,493,138.52 2.852 2.891 1.572 2 7 948 718 December 2003 54 107,494,036.71 2.585 2.621 1.545 18 4 847 668 January 2004 54 118,480,571.63 2.474 2.509 1.528 2 2 785 595 Average 52 107,069,582.63 2.921% 2.961% 1.726 6 6 842 600 Portfolio CITY AP Run Date:02/06/2004-09:55 PM(PRF_PM4)SynnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type January 2003 through January 2004 January February March April May June July August September October November December January Average Security Type 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 2004 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 51.3 50.9 49.8 51.5 41.0 39.0 39.5 40.1 42.9 46.1 50.4 50.0 46.1 46.0% Local Agency Investment Funds 33.0 36.7 37.0 34.1 34.1 33.5 26.7 37.9 33.0 32.1 38.5 31.0 31.9 33.8% Treasury Securities-Coupon 1.9 2.0 2.0 1.9 1.8 0.9 0.9 1.0 1.0 1.1 0.9 0.8 1.2% Medium Term Notes 7.1 7.5 7.3 7.0 6.8 6.4 5.8 6.0 6.2 6.6 5.8 4.7 4.6 6.3% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 6.6 3.0 3.9 3.7 10.9 10.3 15.1 10.4 15.2 12.2 4.3 8.5 11.7 8.9% Federal Agency Disc.-Amortizing 3.6 8.2 10.2 5.5 1.9 2.0 5.0 4.9 3.2% Treasury Discounts-Amortizing 1.9 1.8 1.7 1.8 0.6% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:02/06/2004-09:55 PM(PRF_PM5)SymRept V6:21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 1/31/2004 { Garry�ngCost Plus_ cription Accrued In#erest Purch Fair Value INs sas Accrued Interest United States Treasury: Bills $ 1,194,296,388.88 $ 1,195,624,000.00 NA Notes $ 7,547,857,951.34 $ 7,572,313,000.00 $ 60,730,189.75 Federal Agency: SBA $ 509,160,282.94 $ 503,911,868.46 $ 1,181,691.29 MBS $ 488,023,551.13 $ 481,437,832.46 $ 2,218,499.11 Bonds $ 2,938,446,444.80 $ 2,954,866,227.70 $ 26,515,884.24 Floaters $ - $ - $ - Discount Notes $ 10,694,643,021.91 $ 10,729,152,829.90 NA FHLMC PC $ 3,778,594.84 $ 4,130,529.59 $ 60,776.52 GNMA $ 505,523.10 $ 579,876.16 $ 5,010.67 Bankers Acceptances $ - $ - NA Bank Notes $ 808,641,802.72 $ 808,635,668.23 $ 1,611,620.23 CDs $ 7,325,035,165.69 $ 7,325,083,098.90 $ 18,498,230.54 Commercial Paper $ 8,921,446,224.63 $ 8,940,888,169.22 NA Corporate: Floaters $ 79,992,220.34 $ 79,976,300.00 $ 130,653.90 Bonds $ 1,757,641,642.17 $ 1,776,675,757.16 $ 25,688,516.82 Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,862,095,000.00 $ 5,862,095,000.00 NA AB 55&GF Loans $ 5,852,821,585.40 $ 5,852,821,585.40 NA TOTAL $ 53,984,385,399.89 $ 54,088,191,743.18 $ 136,641,073.07 Fair Value Including Accrued Interest $ 54,224,832,816.25 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of December 31,2003 Summary of investments by type Market Value Market Value Par Value Investment Type as of 11/30/03 as of 12/31/03 $1,463,028 Local Agency Investment Fund(LAIF) $1,463,028 $1,463,028 $17,762,535 Investment Agreements $17,732,052 $17,762,535 $1,167,121 Money Market Funds $4,882,842 $1,167,121 $351,244 US Treasury Securities $351,244 $351,244 $20,743,928 $24,429,167 $20,743,928 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 11/30/03 as of 12/31/03 $1,720,799 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,720,767 $1,720,799 $638,757 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $638,699 $638,757 $10,423,339 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $14,106,017 $10,423,339 $2,653,852 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,653,830 $2,653,852 $1,354,527 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,354,452 $1,354,527 $173,349 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $173,349 $173,349 $1,818,259 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,817,984 $1,818,259 $753,097 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $753,097 $753,097 $883,710 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $884,891 $883,710 $210,726. City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $212,641 $210,726 $22 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $22 $22 $113,492 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $113,419 $113,492 $20,743,928 $24,429,167 $20,743,928 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2003 Beginning Contributions Distributions/ Earnings Other Ending Balance Balance Transfers (change in value) (12-31-03) (9-30-03) ICMA Retirement Corporation (457 Plan) $16,230,320 $334,565 ($110,575) $1,062,285 ($23,405) $17,493,191 - ICMA Retirement Corporation (401 Plan) $274,620 $19,456 $0 $13,758 $0 $307,835 Nationwide Retirement Solutions (457 Plan) $42,263,685 $831,822 ($1,743,086) $2,313,142 ($50) $43,665,512 Trust Deeds $336,704 $0 $0 $0 $0 $336,704 Total Deferred Compensation Plan Balances $59,105,330 $1,185,843 ($1,853,661) $3,389,185 ($23,455) $61,803,242 January 2004 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Ad(kaA re.pO d was ji'vin CO rretfl v for lanv t y Novej'nb�O'rr Treasurer' s Repoft Shari L . Freidenrich , CPA, CCMT , CMFA March 15, 2004 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA January 2004 Investment Summary ( in millions) Financial Information: December January Inc./(Dec.) End of Month City Portfolio $116.916 $119.163 $2.247 End of Month Market Value $117.314 $119.547 $2.233 Interest Earned for Month $0.242 $0.261 $0.019 Earned Interest Yield Year to Date 2.65% 2.63% -0.02% Average Maturity ( in days) 668 595 (73) YTD Average Daily Balance $101 .860 $106.049 $4.189 Summary by Type: January % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $54.924 46% None 1221 3.39% LAIF (State Pool) $37.985 32% $40 million 1 1 .53% U.S.Treasury Notes $1 .000 1% None 577 2.00% Medium Term Notes $5.479 4% 20% 427 5.81% Discount Comm. Paper $13.981 12% 25% 47 1 .07% Discount Federal Agy $5.794 5% None 34 1 .05% Total $119.163 100% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: January 2004 Investment Summary Report COUNCIL MEETING DATE: March 15,"2004 RCA:.ATTACHMENTS STATUS-" Ordinance (w/exhibits & legislative draft if applicable Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attome Not Applicable Subleases, Third Party Agreements, etc. Approved as to form by City Attome Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED - RETU.RNED FOR " DED Administrative Staff Assistant City Administrator Initial City Administrator Initial City Clerk EXPLANATION_FOR RETURN OF,ITEM SpaceOnly) RCA Author: � p � . l=,e�7 aes✓2.ierf Council/Agency Meeting Held: Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied City Cler Sig re Council Meeting Date: _Jantisfy 28, 294 Department ID Number: CT 04-08 ��3,e�c�e-y a,moo e�2�h►r�=cd�.�,�,�o� CITY OF HUNTING TON BEACH REQUEST FOR COUNCIL ACTION s SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS C SUBMITTED BY: SHARI L. FREI DEN RICH, CityTreas� PREPARED BY: SHARI L. FREIDENRICH, City Treasu ,�;-;r SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S DECEMBER 2Q83 y INVESTMENT SUMMARY REPORT Cr Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for December 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. 4 Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for December 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for zz December 2003. � � 2. Schedule of Bond Investments r�r 3. Deferred Compensation Plan Summary Information 4. December 2003 PowerPoint Presentation Monthly Investment Report and Summary of Investments for December 2003 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for December, 2003 City Investment Portfolio: November December Inc./(Dec.) End of month City Portfolio Balance $93,963,227 $116,916,078 $22,952,851 End of month General Fund Balance $2,865,926 $12,903,996 $10,038,070 Earned Interest Yield Average 2.85% 2.65% -0.20% Average Maturity ( in days) 718 668 -50 End of Month Market Value $94,167,214 $117,314,382 $23,147,168 End of month bank cash balance $4,838,783 $3,299,341 ($1,539,441) , Bond Proceeds Investments:* October November Inc./(Dec.) End of Month Bond Reserve Par Value $24,395,053 $24,429,167 $34,114 End of-Month Bond Reserve Market Value $24,395,053 $24,429,167 $34,114 Deferred Compensation Investments:** 6/30/2003 9/30/2003 Inc./(Dec.) Participant Balances $57,197,917 $59,105,330 $1,907,413 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $166,666 $242,155 $75,489 Interest Earned Year to Date $499,998 $680,718 $180,720 Earned Interest Yield Year to Date 2.22% 2.65% 0.43% *Bond Proceeds Statements lag by one month. **Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. December % of Total Policy Limit to Mat. Rate Federal Agency Issues- Coupon $58,421,857 50% None 1266 3.42% Local Agency Inv. Fund (LAIF) $36,243,554 31% $40 million 1 1.55% U.S. Treasury Notes-Coupon $1,000,000 1% None 608 2.00% 'Medium Term Notes $5,478,928 5% 20% 458 5.80% Disc. Commercial Paper $9,982,659 8% 25% 58 1.08% Disc. Federal Agy Issues $5,789,080 5% None 65 1.05% $116,916,078 100% A City of Huntington Beach City of HB 2=Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary December 31, 2003 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 58,494,000.00 58,588,873.44 58,421,856.96 49.97 1,511 1,266 3.372 3.419 Local Agency Investment Funds 36,243,553.53 36,243,553.53 36,243,553.53 31.00 1 1 1.524 1.545 Treasury Securities-Coupon 1,000,000.00 1,006,560.00 1,000,000.00 0.86 729 608 1.973 2.000 Medium Term Notes 5,481,000.00 5,702,795.45 5,478,927.78 4.69 1,591 458 5.725 5.804 Commercial Paper Disc.-Amortizing 10,000,000.00 9,982,960.00 9,982,659.44 8.54 75 58 1.068 1.083 Federal Agency Disc.-Amortizing 5,800,000.00 5,789,640.00 5,789,080.25 4.95 87 65 1.036 1.050 Investments 117,018,653.63 117,314,382A2 116,916,077.96 100.00% 847 668 2.685 2.621 Cash and Accrued Interest Accrued Interest at Purchase 50,480.03 50,480.03 Subtotal 50,480.03 50,480.03 Total Cash and Investments 117,018,663.63 117,364,862.45 116,966,657.99 847 668 2.685 2.621 Total Earnings December 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 242,155.03 680,717.91 Current Budget 166,666.00 499,998.00 2,000,000.00 Last Year Actual 303,145.58 913,550.10 3,330,314.47 Average Daily Balance 107,494,036.71 101,869,989.64 Effective Rate of Return 2.66% 2.66% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 15, 2003. 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 errill Lynch and J.J.Kenney pricing services. j-zo a y L. REI RJAICH,CITY TREASURER Portfolio CITY AP Run Date:01/20/2004-18:17 PM(PRF_PM1)SymRept V8.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments December 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 2,008,760.00 2,000,000.00 2.730 AAA 2.730 1,001 09/28/2006 31331TBQ3 3170 Federal Farm Credit Bank 09/05/2003 2,000,000.00 2,005,620.00 2,000,000.00 3.100 AAA 3.100 978 09/052006 31331TLE9 3196 Federal Farm Credit Bank 12/162003 1,000,000.00 1,002,190.00 999,537.85 3.000 AAA 3.016 1,065 12/01/2006 31331TLU3 3200 Federal Farm Credit Bank 12/192003 2,000,000.00 2,005,000.00 1,999,506.15 2.875 AAA 2.885 978 09/052006 3133MXEL9 3136 Federal Home Loan Bank 04/072003 2,000.000.00 1,975,620.00 2,000,0W.00 3.020 AAA 3.020 1,558 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/162003 2,000,000.00 1,974,380.00 2,000.DW.00 2.400 AAA 2.400 1,170 03/162007 31339YH54 3159 Federal Home Loan Bank 07232003 2,000,000.00 1,971,880.00 2,000,DW.00 2.270 AAA 2.270 1,118 01232007 31339YJE3 3164 Federal Home Loan Bank 07282003 2,000.000.00 1,985,000.00 2,000,000.00 3.320 AAA 3.320 1.670 0728/2008 31339YNF5 3165 Federal Home Loan Bank 07292003 2,000,DW.00 1,955,000.00 2,000,000.00 2.900 AAA 2.900 1.671 07292008 3133XGZ69 3174 Federal Home Loan Bank 09/102003 1.000.000.00 1,005-,940.00 1,000,000.00 4.420 AAA 4.420 1,714 09/102008 3133X1CF2 3178 Federal Home Loan Bank 09292003 1,850,000.00 1,870,239.00 1,850,000.00 4.000 AAA 4.000 1,733 0929/20DB 3133X1ZNO 3183 Federal Home Loan Bank 11202003 1,000,000.00 1,006,880.00 1,000,000.00 3.340 AAA 3.341 1,327 08202007 3133X23E3 3186 Federal Home Loan Bank 11262003 2,000,000.00 2,W8,760.00 2,000,000.00 4.300 AAA 4.300 1,791 1126/2008 3133X2KZ7 3187 Federal Home Loan Bank 12/152003 1,000,000.00 1,000,310.00 1,000,000.00 3.200 AAA 3.200 1,079 12/152006 31339YU03 3195 Federal Home Loan Bank 12/112003 2,140,000.00 2,125,298.20 2,114,808.21 2.375 AAA 2.806 1,047 11/1312WS 3133X2ZN8 3197 Federal Home Loan Bank 12292003 1,000,0W.00 995,940.00 1,000,000.00 2.640 AAA 2.641 1,002 09/29/2006 31339YFL1 3198 Federal Home Loan Bank 12/182003 2,000,000.00 1,993,120.00 1,984,951.16 1.885 AAA 2.260 753 01232006 312925A34 3098 Federal Home Loan Mort Corp 07232002 2,000,000.00 2,031,260.00 1,997,663.91 4.500 AAA 4.537 1,299 07232007 3128XOU72 3135 Federal Home Loan Mort Corp 03262003 2,000,OW.00 2,003,880.00 2,000,000.00 3.400 AAA 3.400 1,546 0326/2008 3128XOUBO 3137 Federal Home Loan Mort Corp 04/0220M 2,000,000.00 2,006,880.00 2,000,000.00 3.000 AAA 3.000 1,187 04/022007 312BXlRJS 3158 Federal Home Loan Mort Corp 07222003 2,000,000.00 1,969,980.00 2,000,000.00 3.000 AAA 3.000 1,664 07222008 3128X1TF4 3163 Federal Home Loan Mort Corp 07232003 2,000,000.00. 1,991,180.00 2,000,000.00 3.000 AAA 3.000 1,483 01/23/2008 3128X1E45 3173 Federal Home Loan Mort Corp 09/032003 1.000,000.00 1,019,970.00 1,000,000.00 4.300 AAA 4.300 1,707 09/032008 3128X2JZ9 3202 Federal Home Loan Mort Corp 12/302003 1,000,000.00 1,005,060.00 1,000,000.00 2.625 AAA 2.625 911 06/302006 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 0420/1999 1,000,0W.00 1,010,200.00 1,000,000.00 5.910 AAA 5.909 78 03/19/2004 31364GQ93 2905 Fed.Nat l Mort.Assoc. 06/11/1999 1,000,000.00 1,018,230.00 998,899.21 6.000 AAA 6.343 137 05/172004 313641(51-0 2998 Fed.Nat'l Mort.Assoc. 03/162001 1,000,0W.00 1,009,380.00 1,000,000.00 5.550 AAA 5.550 805 03/162006 3136FOAL6 3002 Fed.Nat'I Mort.Assoc. 03292001 1,000,0W.00 1,010,000.00 1,000.DW.00 5.300 AAA 5.300 818 0329/2006 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/142002 1,000.000.00 1,040,310.00 1,000,000.00 5.010 AAA 5.010 1,140 02/142007 3136F1WA4 3070 Fed.Nat l Mort.Assoc. 04/122002 1,000.000.00 1,049,380.00 1,000,000.00 5.350 AAA 5.350 1,197 04/122007 31361`21-97 3131 Fed.Nat'l Mort.Assoc. 01/302003 2,000,000.00 2,005,000.00 2,000,000.00 4.000 AAA 4.000 1,490 01/302008 31359MSC8 3148 Fed.Nat'l Mort.Assoc. 06/042003 2,000,000.00 1,981,880.00 1,996,460.00 2.000 AAA 2.042 1,616 06/04/2008 3136F4CJ1 3171 Fed.Nat'l Mort.Assoc. 09/08/2003 2,000,000.00 2,033,120.00 2,000,000.00 4.200 AAA 4.200 1,712 09/08/2008 3136F2E38 3184 Fed.Nat'l Mort.Assoc. 10292003 1,504,000.00 1,506,346.24 1,499,671.56 3.750 AAA 3.826 1,483 0123/2008 3136F3VTO 3193 Fed.Nat'l Mort.Assoc. 12/11/2003 2.000,000.00 1,993,760.00 1,980,358.91 2.100 AAA 2.510 907 06262006 3136F4J54 3201 Fed.Nat'l Mort.Assoc. 12292003 2,000,000.00 2,013,120.00 2,000,000.00 3.000 AAA 3.000 1,093 1229/2006 Portfolio CITY AP Run Date:01/20/2004-18:17 PM(PRF_PM2)SymRept V8.21 Report Ver.5.00 City of HIS Portfolio Management Page 3 Portfolio Details - Investments December 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody s 366 Maturity Date Subtotal and Average 1,096,666.00 68AN,000.00 58,688,873.44 68,421,866.96 3.419 1,266 Local Agency Investment Funds SYS982 982 Laif City 18,246.582.94 18,246,582.94 18,246,582.94 1.545 NR 1.545 1 SYS2206 2206 LAIF-Redevelopment Agency 17,996,970.59 17,996,970.59 17,996,970.59 1.545 NR 1.545 1 Subtotal and Average 19,069,970.04 36,243,563.63 36,243,653.63 36,243,553.53 1.646 1 Treasury Securities-Coupon 912828BJS 3175 US Treasury Bill 09/02/2003 1,000,000.00 1,006,560.00 1,000,000.00 2.000 AAA 2.000 608 08/31/2005 Subtotal and Average 1,000,000.00 1,000,000.00 1,006,660.00 1,000,000.00 2.000 608 Medium Term Notes 02687QBB3 3129 American Int'I Group'(AIG) 01/06/2003 1,000,000.00 1,015,090.00 1,004,760.67 2.850 Asa 2.590 700 12/01/2005 06651PAA1 2872 Bank United 02/17/1999 1,000,000.00 1,003,220.00 999.777.18 5.400 Aaa 5.700 32 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 519,215.45 476.757.13 6.250 Aa 6.800 700 12/01/2005 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,063,610.00 999,462.22 7.500 Aa3 7.559 407 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,076,230.00 999,089.68 5.750 Aa 5.795 860 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000.000.00 1,025,430.00 999,080.90 6.700 Aa3 6.920 172 06/21/2004 Subtotal and Average 1,004,867.49 6,481,000.00 5,702,795.46 6,478,927.78 5.804 458 Commercial Paper Disc.-Amortizing 17307JCC4 3191 Citigroup Global 12/10/2003 1,000,000.00 997,920.00 997,889.72 1.070 Aa 1.088 71 03/12/2004 17307JBTB 3192 Ctigroup Global 12/10/2003 2,000,000.00 1,996,680.00 1,996,611.67 1.070 Aa 1.087 57 02/27/2004 17307JCR1 3199 Citigroup Global 12/19/2003 2,000,000.00 1,995,060.00 1,994,960.00 1.080 Aa 1.098 84 03/25/2004 61745ABP3 3203 Morgan Stanley Dean Witter 12/22/20M 2,000.000.00 1,996,900.00 1,996,820.00 1.080 Aa3 1.097 53 02/23/2004 36959HBD8 3189 General Electric Capital Corp 12/10/2003 2,000,000.00 1,997,520.00 1,997,515.55 1.040 Aaa 1.056 43 02/13/2004 36959HB97 3204 General Electric Capital Corp 12/23/2003 1,000.000.00 998,880.00 998,862.50 1.050 Aaa 1.066 39 02/09/2004 Subtotal and Average 934,006.86 10,000,000.00 9,982,960.00 9,982,659.44 1.083 58 Federal Agency Disc.-Amortizing 313396UQ4 3188 Federal Home Loan Mort Corp 12/10/2003 1,800,000.00 1,796,040.00 1,795,767.75 1.045 AAA 1.063 81 03/22/2004 313588UC7 3190 Fed.Nat'l Mort.Assoc. 12/10/2003 2,000,000.00 1,996,200.00 1,996,032.50 1.035 AAA 1.052 69 03/10/2004 313588TF2 3194 Fed.Nat'l Mort.Assoc. 12/11/2003 2,000,000.00 1,997.400.00 1,997,280.00 1.020 AAA 1.036 48 02/18/2004 Subtotal and Average 1,352,612.26 6,800,000.00 5,789,640.00 6,789,080.25 1.060 65 Portfolio CITY AP Run Date:01/20/2004.18:17 PM(PRF_PM2)SymRept V8.21 City of H B Portfolio Management Page Portfolio Details - Investments December 31, 2003 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Total and Average 24,468,012.64 117,018,663.63 117,314,382.42 116,916,077.96 2.621 668 Portfolio CITY AP Run Date:01/20/2004-18:17 PM(PRF_PM2)SymRept V8.21 City of H B Portfolio Management Page 6 Portfolio Details -Cash December 31, 2003 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 366 Maturity Average Balance 0.00 Accrued Interest at Purchase 50,480.03 50,480.03 0 Subtotal 50,480.03 50.480.03 Total Cash and Investmentss 107,494,036.71 117,018,663.53 117,364,862.45 116,966,657.99 2.621 668 Portfolio CITY AP Run Date:01/20/2004-18:17 PM(PRF PM2)SymRept V8.21 City of HB Portfolio Management Activity ByType Page s December 1, 2003 through December 31, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331TLE9 3196 Federal Farm Credit Bank 3.000 12/16/2003 999,531.25 0.00 31331TLU3 3200 Federal Farm Credit Bank 2.875 12/192003 1,999,50D.00 0.00 3133MCMAO 2984 Federal Home Loan Bank 6.330 12/122003 0.00 2,000,000.00 3133X21Q7 3187 Federal Home Loan Bank 3.200 12/1512003 1,000,000.00 0.00 31339YU03 3195 Federal Home Loan Bank 2.375 12/112003 2,114,320.00 0.00 3133X2ZN8 3197 Federal Home Loan Bank 2.640 12292003 1,000,000.00 0.00 31339YFL1 3198 Federal Home Loan Bank 1.885 12/182003 1,984,687.50 0.00 3128X2JZ9 3202 Federal Home Loan Mort Corp 2.625 12/302003 1,000,000.00 0.00 3136F2A99 3124 Fed.Nat'I Mort.Assoc. 3.000 12/302003 0.00 1,000,000.00 3136F3VT0 3193 Fed.Nat'I Mort.Assoc. 2.100 12/112003 1,979,920.00 0.00 3136FQ54 3201 Fed.Nat'I Mort.Assoc. 3.000 12292003 2,000,000.00 0.00 Subtotal 14,077,968.75 3,000,000.00 58,421,856.96 Local Agency Investrnent Funds (Monthly Summary) SYS982 982 Laif City 1.545 4,425,000.00 4,750,000.00 SYS2206 2206 LAIF-Redevelopment Agency 1.545 5,425,000.00 5,000,000.00 Subtotal 9,850,000.00 9,760,000.00 36,243,663.53 Treasury Securities-Coupon Subtotal 1,000,000.00 Medium Term Notes Subtotal 6,478,927.78 Commercial Paper Disc.,Amortizing 17307KZ51 3179 Citigroup Global 1.060 12/052003 0.00 2,000,000.00 17307JCC4 3191 Citigroup Global 1.070 12/102003 997,235.83 0.00 17307JBT8 3192 Citigroup Global 1.070 12/102003 1,995,303.89 0.00 17307JCR1 3199 Citigroup Global 1.080 12/192003 1,994,180.00 0.00 61745ABP3 3203 Morgan Stanley Dean Witter 1.080 12222003 1,996,220.00 0.00 36959HBD8 3189 General Electric Capital Corp 1.040 12/102003 1,996,244.44 0.00 36959HB97 3204 General Electric Capital Corp 1.050 12/232003 998,600.00 0.00 61745BZF7 3181 Morgan Stanley Dean Witter 1.070 12/152003 0.00 2,000,000.00 Subtotal 9,977,784.16 4,000,000.00 9,982,669A4 Portfolio CITY AP Run Date:01/20/2004.18:17 PM(PRF PM3)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Activity BY Type T Page 7 � December 1, 2003 through December 31, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Disc./Unortizing 313396UQ4 3188 Federal Home Loan Mort Corp 1.045 12/10/2003 1,794,618.25 0.00 313588UC7 3190 Fed.NaYI Mort.Assoc. 1.035 12/10/2003 1,994,767.50 0.00 313568TF2 3194 Fed.NaVI Mort.Assoc. 1.020 12/11/2003 1,996,090.00 0.00 Subtotal 6,785,476.76 0.00 6,789,080.25 Total 39,691,218.66 16,760,000.00 116,916,077.96 Portfolio CITY AP Run Date:01/20/2004-18:17 PM(PRF PM3)SymRept V6.21 City of HB Portfolio Management Page 8 Activity Summary December 2002 through December 2003 Yield to Maturity Managed Number Number Month Number of Average 360 366 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term bays to Maturity December 2002 58 101,252,496.49 3.462 3.510 2.201 11 8 810 527 January 2003 58 107,056,629.59 3.517 3.566 2.103 6 6 892 618 February 2003 54 103,784,689.45 3.526 3.575 1.945 2 6 923 625 March 2003 53 100,384,000.65 3.405 3.452 1.904 4 5 902 609 April 2003 55 103,958,406.14 3.267 3.313 1.858 6 4 894 611 May 2003 54 108,068.072.78 2.939 2.980 1.769 7 8 758 491 June 2003 55 114,509,461.61 2.740 2.778 1.697 7 6 738 503 July 2003 55 116,351,329.91 2.600 2.636 1.653 10 10 772 538 August 2003 46 108,011,271.13 2.636 2.672 1.632 4 13 767 536 September 2003 47 105,317,339.67 2.671 2.708 1.635 10 9 832 632 October 2003 45 102,387,411.39 2.759 2.797 1.596 2 4 887 660 November 2003 40 95,493,138.52 2.852 2.891 1.572 2 7 948 718 December 2003 54 107,494,036.71 2.585 2.621 1.545 18 4 847 668 Average 52 105,720,920.18 2.997% 3.038% 1.778 7 7 844 696 Portfolio CITY AP Run Date:01120r2004-18:17 PM(PRF_PM4)SyrnRept V6.21 Report Ver.5.00 City of HIS Portfolio Management Page 9 Distribution of Investments By Type December 2002 through December 2003 December January February March April May June July August September October November December Average Security Type 2002 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 by Period Repurchase Agreements Certificates of Deposit -Commercial Paper-interest I3earing____________ Federal Agency Issues-Coupon 46.8 51.3 50.9 49.8 51.5 41.0 39.0 39.5 40.1 42.9 46.1 50.4 50.0 46.1% Local Agency Investment Funds 32.8 33.0 36.7 37.0 _34.1-- 34.1 _33.5- 26.7 37.9 33.0 _38.5 --31.0-..-- 33.9%_ Treasury Securities-Coupon 1.9 -1.9 2.0. 2.0 1.9 1.8 -0.9 0.9- 1.0- 1.0 1.1 -0.9 1.3% Medium Tenn Notes 6.2 7.1 7.5 7.3 7.0 6.8 6.4 5.8 6.0 6.2 6.6 5.8 4.7 6.4% Negotiable CD's --Certificates of-Deposit-7-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.,Amortizing 10:5 6.6 -3.0 3.9 __3.7_10.9--.10.3- -15.1 10.415.2 _12.2 4._3 8.5 8.8% Federal Agency Disc.-Amortizing 1.9 3.6 8.2- _1 ___ 0.2 5.5 1.9 - - Treasury Discounts-Amortizing 1.9 1.8 1.7 1.8 0.6% Miscellaneous Discounts m,Amortizing ---- Rolling Repurchase Agreements Portfolio CITY AP Run Date:01 rAY2004-18:17 PM(PRF-PM5)SyrnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 12/31/2003 „ " Descr�pt�o Accrued ll`nteres yPuch Amortized Cast Fai��1lalue.. Accrusct Interest W\ United States Treasury: Bills $ 796,184,750.00 $ 796,679,250.00 $ 796,656,000.00 NA Notes $ 7,568,800,776.60 $ 7,568,800,776.60 $ 7,585,335,750.00 $ 48,303,147.00 Federal Agency: SBA $ 481,746,336.70 $ 481,726,278.21 $ 477,020,067.10 $ 1,124,535.72 MBS $ 508,922,816.59 $ 508,922,816.59 $ 498,678,365.14 $ 2,315,702.91 Bonds $ 3,044,420,607.61 $ 3,044,420,607.61 $ 3,057,356,682.10 $ 21,685,974.49 Floaters $ - $ - $ - $ - Discount Notes $ 10,790,231,106.98 $ 10,815,576,676.94 $ 10,818,513,285.50 NA FHLMC PC $ 3,925,520.50 $ 3,925,520.50 $ 4,280,119.57 $ 63,107.60 GNMA $ 508,943.01 $ 508,943.01 $ 582,506.67 $ 5,044.04 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 799,989,159.82 $ 799,989,159.82 $ 799,982,370.50 $ 1,069,777.78 CDs $ 6,775,031,267.59 $ 6,775,031,267.59 $ 6,774,877,370.00 $ 14,752,034.71 i Commercial Paper $ 9,737,362,770.68 $ 9,754,088,070.29 $ 9,754,717,384.74 NA Corporate: Floaters $ 129,987,542.38 $ 129,987,542.38 $ 130,005,700.00 $ 230,283.11 Bonds $ 1,817,012,192.19 $ 1,815,858,134.23 $ 1,829,276,315.84 $ 25,557,702.31 Repurchase Agreements $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 5,750,095,000.00 $ 5,750,095,000.00 $ 5,750,095,000.00 NA AB 55&GF Loans $ 5,461,927,898.78 $ 5,461,927,898.78 $ 5,461,927,898.78 NA TOTAL $ 53,666,146,689.43 $ 53,707,537,942.55 $ 53,739,304,815.94 $ 115,107,309.67 Fair Value Including Accrued Interest $ 53,854,412,125.61 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(1.000591479). 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$20,011,829.58 or$20,000,000.00 x 1.000591479. Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of November 30,2003 Summary of investments by type Market Value Market Value Par Value Investment Type as of 10/31/03 as of 11/30/03 $1,463,028 Local Agency Investment Fund (LAIF) $1,463,028 $1,463,028 $17,732,052 Investment Agreements $17,704,519 $17,732,052 $4,882,842 Money Market Funds $4,876,261 $4,882,842 $351,244 US Treasury Securities $351,244 $351,244 $24,429,167 $24,395,053 $24,429,167 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 10/31/03 as of 11/30/03 $1,720,767 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,720,740 $1,720,767 $638,699 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $638,601 $638,699 $14,106,017 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $14,076,530 $14,106,017 $2,653,830 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,653,813 $2,653,830 $1,354,452 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,354,391 $1,354,452 $173,349 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $173,348 $173,349 $1,817,984 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,817,763 $1,817,984 $753,097 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $753,097 $753,097 $884,891 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $884,884 $884,891 $212,641 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $208,503 $212,641 $22 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $22 $22 $113,419 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $113,360 $113,419 $24,429,167 $24,395,053 $24,429,167 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2003 Beginning Contributions/ Distributions/ Balance Transfers/ Transfers/ Earnings Ending Balance (6-30-03) Payments Loans (change in value) Other (9-30-03) ICMA Retirement Corporation (457 Plan) $15,564,007 $366,386 ($142,654) $408,943 $33,640 $16,230,320 ICMA Retirement Corporation (401 Plan) $245,294 $23,447 $0 $5,879 $0 $274,620 Nationwide Retirement Solutions (457 Plan) $41,051,912 $904,337 ($569,378) $876,815 $0 $42,263,685 Trust Deeds $336,704 $0 $0 $0 $0 $336,704 Total Deferred Compensation Plan Balances $57,197,917 $1,294,169 ($712,033) $1,291,637 $33,640 $59,105,330 December 2003 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA TREASURER' S Al aAl '44 Shari L . Freidenrich , CPA, CCMT , CMFA February 2, 2004 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA InvestmentBalance Trends Portfolio Balances b Type $103M $117M $110M 104M $116M $116M o 100 /o US Treas 80% - EM Med Notes El LAI F 60% Fed AgWIN El CP IM BA e; A 0 Repu r. 0 % Slide 2 Dec-99 Dec-00 Dec-01 Dec-02 Jun-03 Dec-03 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Percentages By Type of Investment Federal Agencies 101 50°/ Commercial ° PapeNO r MER�/ R �t NE X Fed. Disc � ..:. 5% Slide 3 Treasury Sec. AIF 1 % 31% Medium Term Notes 5% Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Liquidity Investment Maturities by Days, Ending December 2002/2003 1 Day 40% 33% 31 % 2-180 Days Efl .5 - 1 Yr. ° 22°/ 30 /° 15% ° ° ° ° 17 /° 17 /° 18 /° 1 - 1 .5 Yr. 20% ° 11 /° 7 /o 1 .5 - 2Yr. a 2 10% iai - 3Yr. 1% 3 - 4 Yr. M 4 - 5 .Yr. ° 3% 9%° 0%a 2% 9% Slide 4 2002 2003 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Yields Trends 5.00% 4.00% 3.73% 3.64% 3.39% 2.65% 3.00% W o - �'�r r 4t,tGs 7 ` 1 .00 /0 0.00% k Dec-02 Mar-03 Jun-03 Dec-03 Slide 6 i Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $12,000,000 law $97 000,000 $6,000,000 � 3 000 000 ($310009000) a /$2 370 698 a \ > > ) ($6,000,000) ($4,942,760) ($39870,462) ($930007000) $6 753 504 ($616981612) ($6,231 ,073) ($1270001000) Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Slide 5 V, WON PER MCx.,. • k P K, III- z ; Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Summaryof Investment by CityFund December 31 , 2003 $7441204 e ; $11 ,267,366 $1299033996 $33495,130 \, e �F $213384,289 3i / / r a\ 1` mow' ; �'�'� ��►� y�\ / 011 wl il im 4 0/ / 51, Al y i � $1834112777 . $51 ,846,594 $184,137 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Summary • Recommendation to City Council Slide 8 RCA ROUTING SHEET 'INITIATING DEPARTMENT: City Treasurer SUBJECT: December 2003 Investment Summary Report COUNCIL MEETING DATE: January 20, 2004 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attome Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over$5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report If applicable Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATIONFOR MISSING ATTACHMENTS, . = , , REVIEWED ...... - .� ._ am; -RETURNED x -ED Administrative Staff Assistant City Administrator Initial City Administrator Initial a�r-p City Clerk EXPL`AN4TION FOR RETURN OF ITEM SpaceOnly) RCA Author: /z/ 4-1-- CITY OF HUNTINGTON BEACH INTERDEPARTMENTAL COMMUNICATION s Connie Brockway, City Clerk Office of the City Clerk TO: Honorable Mayor and City Council FROM: Connie Brockway, City Clerk DATE: February 2, 2004 SUBJECT: LATE COMMUNICATION TO THE CITY COUNCIL FOR THE FEBRUARY 2, 2004 COUNCIL MEETING Attached are the Late Communications to the City Council received after distribution of the Agenda Packets: C-3a. Communication submitted by the City Clerk's Office correcting a typographical error re: Council meeting date on Agenda Item C-3a. D-1. Communication from the Economic Development Director dated February 2, 2004 correcting attachment for the staff report. (Request for Council Action). G:Agend as/Agmisc/Latecomm2004 Council/Agency Meeting Held: 0&0 Deferred/Continued to: / IC Approved U Conditionally Approved ❑ Denied -( -ry y lerk' Signat e Council Meeting Date: January 20, 2004 Department ID Number: CT 04-06 CITY OF HUNTINGTON BEACH —nme Ss. e REQUEST FOR COUNCIL ACTION o SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS CD v a <c . SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurelf co PREPARED BY: SHARI L. FREIDENRICH, City Treasuee w c-'SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S NOVEMBER 2$032' INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachments) Statement of Issue: Review and accept the monthly investment report for November 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for November 2003, 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. -T Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for November 2003. 2. Schedule of Bond Investments xt 3. Deferred Compensation Plan Summary Information 4. November 2003 PowerPoint Presentation C-3 a Monthly Investment Report and Summary of Investments for November 2003 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for November, 2003 City Investment Portfolio: October November Inc./(Dec.) End of month City Portfolio Balance $98,454,421 $93,963,227 ($4,491,194) Earned Interest Yield Average 2.49% 2.85% 0.36% Average Maturity( in days) 660 718 58 End of Month Market Value $98,808,250 $94,167,214 ($4,641,036) End of month bank cash balance $4,913,962 $4,838,783 ($75,179) Bond Proceeds Investments:* August September Inc./(Dec.) End of Month Bond Reserve Par Value $27,229,647 $24,387,375 ($2,842,272) End of Month Bond Reserve Market Value $27,229,647 $24,387,375 ($2,842,272) Deferred Compensation Investments:** 6/30/2003 9/30/2003 Inc./(Dec.) Participant Balances $57,197,917 $59,105,330 $1,907,413 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $166,666 $223,338 $56,672 Interest Earned Year to Date $333,332 $439,975 $106,643 Earned Interest Yield Year to Date 2.22% 2.66% 0.44% *Bond Proceeds Statements lag by two months. **Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. November % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $47,342,242 50% None 1353 3.73% Local Agency Inv. Fund (LAIF) $36,143,554 39% $40 million 1 1.57% U.S. Treasury Notes- Coupon $1,000,000 1% None 639 2.00% Medium Term Notes $5,478,500 6% 20% 489 5.80% Disc. Commercial Paper $3,998,932 4% 25% 9 1.08% $93,963,227 100% 0 City of Huntington Beach City of HB 2000 Main St Huntington Beach,CA,92648 Portfolio Management Portfolio Summary November 30, 2003 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 47,354,000.00 47,314,138.74 47,342,241.70 50.38 1,676 1,353 3.682 3.733 Local Agency Investment Funds 36,143,553.53 36,143,553.53 36,143,553.53 38.47 1 1 1.550 1.572 Treasury Securities-Coupon 1,000,000.00 1,002,190.00 1,000,000.00 1.06 729 639 1.973 2.000 Medium Term Notes 5,481,000.00 5,708,351.81 5,478,499.99 5.83 1,591 489 5.725 5.804 Commercial Paper Disc.-Amortizing 4,000,000.00 3,998,980.00 3,998,932.22 4.26 75 9 1.067 1.082 Investments 93,978,553.53 94,167,214.08 93,963,227.44 100.00% 948 718 2.852 2.891 Cash and Accrued Interest Accrued Interest at Purchase 15,149.89 15,149.89 Subtotal 15,149.89 15,149.89 Total Cash and Investments 93,978,553.53 94,182,363.97 93,978,377.33 948 718 2.852 2.891 Total Earnings November 30 Month Ending Fiscal Y_e_ar_To-Date----_ Fiscal Year Ending _ Current Year 223,337.58 439,974.88 Current Budget 166,666.00 333,332.00 2,000,000.00 Last Year 4ctual 290,412.52 610,404.52 3,330,314.47 Average Daily Balance 95,493,138.52 98,996,785.39 Effective Rate of Return 2.85% 2.66% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 16,2002. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. SHA FQ2,D—ANIACH,CITY TREASURER Portfolio CITY AP Run Date:12/04/2003-12:19 PM(PRF_PM1)SyrnRept V6.21 Report Ver.5.00 City of H13 Portfolio Management Page 2 Portfolio Details - Investments November 30, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1,995,000.00 2,000,000.00 2.730 AAA 2.730 1,032 09/28/2006 31331TBQ3 3170 Federal Farm Credit Bank 09/05/2003 2,000,000.00 2,006,880.00 2,000,000.00 3.100 AAA 3.100 1,009 09/05/2006 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,003,120.00 2,000,000.00 6.330 AAA 6.330 742 12/12/2005 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,962,500.00 2,000,000.00 3.020 AAA 3.020 1,589 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,960,000.00 2,000,000.00 2.400 AAA 2.400 1,201 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,957,500.00 2,000,000.00 2.270 AAA 2.270 1,149 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,971,880.00 2,000,000.00 3.320 AAA 3.320 1,701 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,940,000.00 2,000,000.00 2.900 AAA 2.900 1,702 07/29/2008 3133XOZ69 3174 Federal Home Loan Bank 09/10/2003 1,000,000.00 1,007,810.00 1,000,000.00 4.420 AAA 4.420 1,745 09/10/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,861,562.50 1.850.000.00 4.000 AAA 4.000 1,764 09/29/2008 3133X1ZNO 3183 Federal Home Loan Bank 11/20/2003 1,000,000.00 1,002,810.00 1,000,000.00 3.340 AAA 3.341 1,358 08/20/2007 3133X23E3 3186 Federal Home Loan Bank 11/26/2003 2,000,000.00 2,011,260.00 2,000,000.00 4.300 AAA 4.300 1,822 11/26/2008 312925A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,033,120.00 1,997,609.24 4.500 AAA 4.537 1,330 07/23/2007 3128XOU72 3135 Federal Home Loan Mort Corp 03/26/2003 2,000,000.00 1,987,020.00 2,000,000.00 3.400 AAA 3.400 1,577 03/26/2008 3128XOU80 3137 Federal Home Loan Mort Corp 04/02/2003 2,000,000.00 2,001,340.00 2,000,000.00 3.000 AAA 3.000 1,218 04/02/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,952,700.00 2,000,000.00 3.000 AAA 3.000 1,695 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,973,140.00 2,000,000.00 3.000 AAA 3.000 1,514 01/23/2008 3128X1E45 3173 Federal Home Loan Mort Corp 09/03/2003 1,000,000.00 1,018220.00 1.000,000.00 4.300 AAA 4.300 1,738 09/03/2008 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,014,530.00 1,000.000.00 5.910 AAA 5.909 109 03/19/2004 31364GO93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,022,370.00 998,656.39 6.000 AAA 6.343 168 05/17/2004 313641<51-0 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,012,810.00 1,000,000.00 5.550 AAA 5.550 836 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1.013,130.00 1,000.000.00 5.300 AAA 5.300 849 03/29/2006 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1.000,000.00 1,041.560.00 1,000,000.00 5.010 AAA 5.010 1,171 02/14/2007 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000.000.00 1,050,000.00 1,000,000.00 5.350 AAA 5.350 1,228 04/12/2007 3136F2A99 3124 Fed.Nat'l Mort.Assoc. 12/30/2002 1,000,000.00 1,001,250.00 1,000,000.00 3.000 AAA 3.000 942 06/30/2006 3136F21-97 3131 Fed.Nat'l Mort.Assoc. 01/30/2003 2,000,000.00 2,008,760.00 2,000,000.00 4.000 AAA 4.000 1,521 01/30/2008 31359MSC8 3148 Fed.Nat'l Mort.Assoc. 06/04/2003 2,000,000.00 1,966,260.00 1,996,393.33 2.000 AAA 2.042 1,647 06/04/2008 3136F4CJ1 3171 Fed.Nat'l Mort.Assoc. 09/08/2003 2,000,000.00 2,029,380.00 2,000,000.00 4.200 AAA 4.200 1,743 09/08/2008 3136F2E38 3184 Fed.Nat'l Mort.Assoc. 10/29/2003 1,504,000.00 1,508,226.24 1,499,582.74 3.750 AAA 3.826 1,514 01/23/2008 Subtotal and Average 45,942,022.77 47,354,000.00 47,314,138.74 47,342,241.70 3.733 1,353 Local Agency Investment Funds SYS982 982 Laif City 18,571,582.94 18,571,582.94 18,571,582.94 1.572 NR 1.572 1 SYS2206 2206 LAIF-Redevelopment Agency 17,571,970.59 17,571,970.59 17,571.970.59 1.572 NR 1.572 1 Subtotal and Average 34,076,886.86 36,143,553.53 36,143,553.53 36,143,553.53 1.572 1 Portfolio CITY AP Run Date:12/04/2003-12:19 PM(PRF_PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments November 30, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Treasury Securities-Coupon 912828BJ8 3175 US Treasury Bill 09/02/2003 1,000,000.00 1,002,190.00 1,000,000.00 2.000 AAA 2.000 639 08/31/2005 Subtotal and Average 1,000,000.00 1,000,000.00 1,002,190.00 1,000,000.00 2.000 639 Medium Term Notes 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 1,014,950.00 1,004,967.66 2.850 Aaa 2.590 731 12/01/2005 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,007,200.00 999,561.55 5.400 Aaa 5.700 63 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 518,041.81 476,572.66 6.250 Aa 6.800 731 12/01/2005 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,067,100.00 999,421.89 7.500 Aa3 7.559 438 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,071,060.00 999,057.52 5.750 Aa1 5.795 891 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,030,000.00 998,918.71 6.700 Aa3 6.920 203 06/21/2004 Subtotal and Average 5,544,960.04 5,481,000.00 5,708,351.81 5,478,499.99 5.804 489 Commercial Paper Disc.-Amortizing 17307KZ51 3179 Citigroup Global 09/26/2003 2,000,000.00 1,999,780.00 1,999,764.44 1.060 Aa 1.077 4 12/05/2003 61745BZF7 3181 Morgan Stanley Dean Witter 09/26/2003 2,000,000.00 1,999,200.00 1,999,167.78 1.070 A1P1 1.087 14 12/15/2003 Subtotal and Average 7,729,577.69 4,000,000.00 3,998,980.00 3,998,932.22 1.082 9 Federal Agency Disc.-Amortizing Subtotal and Average 1,199,691.17 Total and Average 95,493,138.52 93,978,553.53 94,167,214.08 93,963,227.44 2.891 718 Portfolio CITY AP Run Date:12/04/2003-12:19 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details -Cash November 30, 2003 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 15,149.89 15,149.89 0 Subtotal 15,149.89 15,149.89 Total Cash and Investmentss 95,493,138.52 93,978,553.53 94,182,363.97 93,978,377.33 2.891 718 Portfolio CITY AP Run Date:12/04/2003-12:19 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 5 Activity By Type November 1, 2003 through November 30, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133MNRQ6 3076 Federal Home Loan Bank 4.540 11/28/2003 0.00 1,000,000.00 3133X1ZN0 3183 Federal Home Loan Bank 3.340 11/20/2003 1,000,000.00 0.00 3133X23E3 3186 Federal Home Loan Bank - 4.300 11/26/2003 2,000,000.00 0.00 Subtotal 3,000,000.00 1,000,000.00 47,342,241.70 Local Agency Investment Funds (Monthly Summary) SYS2206 2206 LAIF-Redevelopment Agency 1.572 7,000,000.00 2,500,000.00 Subtotal 7,000,000.00 2,500,000.00 36,143,553.53 Treasury Securities-Coupon Subtotal 1,000,000.00 Medium Term Notes 36962GUA 2977 General Electric Capital Corp 6.810 11/03/2003 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 5,478,499.99 Commercial Paper Disc.-Amortizing 36959JY72 3169 General Electric Capital Corp 1.070 11/07/2003 0.00 2,000,000.00 36959JY72 3177 General Electric Capital Corp 1.050 11/07/2003 0.00 2,000,000.00 61745BYM3 3180 Morgan Stanley Dean Witter 1.070 11/21/2003 0.00 2,000,000.00 61745BYR2 3185 Morgan Stanley Dean Witter 1.050 11/25/2003 0.00 2,000,000.00 Subtotal 0.00 8,000,000.00 3,998,932.22 Federal Agency Disc.-Amortizing 313384131-7 3153 Federal Home Loan Bank 1.090 11/19/2003 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 0.00 Total 10,000,000.00 14,500,000.00 93,963,227.44 Portfolio CITY AP Run Date:12/04/2003-12:19 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 6 Activity Summary November 2002 through November 2003 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity November 2002 55 93,727,818.76 3.644 3.695. 2.301 7 7 830 508 December 2002 58 101,252,496.49 3.462 3.510 2.201 11 8 810 527 January 2003 58 107,056,629.59 3.517 3.566 2.103 6 6 892 618 February 2003 54 103,784,689.45 3.526 3.575 1.945 2 6 923 625 March 2003 53 100,384,000.65 3.405 3.452 1.904 4 5 902 609 April 2003 55 103,968,406.14 3.267 3.313 1.858 6 4 894 611 May 2003 54 108,068,072.78 2.939 2.980 1.769 7 8 758 491 June 2003 55 114,509,461.61 2.740 2.778 1.697 7 6 738 503 July 2003 55 116,351,329.91 2.600 2.636 1.653 10 10 772 538 August 2003 46 108,011,271.13 2.636 2.672 1.632 4 13 767 536 September 2003 47. 105,317,339.67 2.671 2.708 1.635 10 9 832 632 October 2003 45 102,387,411.39 2.759 2.797 1.596 2 4 887 660 November 2003 40 95,493,138.52 2.852 2.891 1.572 2 7 948 718 Average 52 104,670,895.74 3.078% 3.121% 1.836 6 7 843 583 Portfolio CITY AP Run Date:12/04/2003-12:19 PM(PRF_PM4)SynnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Distribution of Investments By Type November 2002 through November 2003 November December January February March April May June July August September October November Average Security Type 2002 2002 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 46.4 46.8 51.3 50.9 49.8 51.5 41.0 39.0 39.5 40.1 42.9 46.1 50.4 45.8% Local Agency Investment Funds 34.3 32.8 33.0 36.7 37.0 34.1 34.1 33.5 26.7 37.9 33.0 32.1 38.5 34.1% Treasury Securities-Coupon 2.1 1.9 1.9 2.0 2.0 1.9 1.8 0.9 0.9 1.0 1.0 1.1 1.4% Medium Term Notes 6.8 6.2 7.1 7.5 7.3 7.0 6.8 6.4 5.8 6.0 6.2 6.6 5.8 6.6% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 6.3 10.5 6.6 3.0 3.9 3.7 10.9 10.3 15.1 10.4 15.2 12.2 4.3 8.6% Federal Agency Disc.-Amortizing 2.1 1.9 3.6 8.2 10.2 5.5 1.9 2.0 2.7% Treasury Discounts-Amortizing 2.1 1.9 1.8 1.7 1.8 0.7% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:12/042003-12:19 PM(PRF_PM5)SynnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 11/30/2003 Carrying Cost Plus Descrption� 'Accrued lnterestPurch ��_ n =Fair�Value �io►ccrued Interest United States Treasury: Bills $ 1,194,906,833.86 $ 1,199,210,000.00 NA Notes $ 7,570,054,874.86 $ 7,584,195,500.00 $ 26,073,084.50 Federal Agency: SBA $ 486,775,376.46 $ 481,761,938.18 $ 1,136,447.46 MBS $ 524,903,364.17 $ 512,739,051.40 $ 2,394,668.88 Bonds $ 3,405,468,019.83 $ 3,407,448,500.00 $ 24,489,565.29 Floaters $ - $ - $ - Discount Notes $ 9,105,184,866.23 $ 9,122,608,004.10 NA FHLMC PC $ 4,064,832.32 $ 4,428,218.51 $ 65,353.34 GNMA $ 526,945.81 $ 601,380.26 $ 5,229.89 Bankers Acceptances $ - $ - NA Bank Notes $ 550,000,000.00 $ 549,828,389.50 $ 439,250.00 CDs $ 7,389,691,274.20 $ 7,388,487,381.03 $ 16,045,377.77 Commercial Paper $ 9,313,299,436.75 $ 9,327,584,836.50 NA Corporate: Floaters $ 129,987,542.38 $ 129,946,600.00 $ 320,416.67 Bonds $ 1,877,048,192.89 $ 1,890,352,409.88 $ 31,269,428.42 Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,678,095,000.00 $ 5,678,095,000.00 NA AB 55&GF Loans $ 5,585,745,953.87 $ 5,585,745,953.87 NA TOTAL $ 52,815,752,513.63 $ 52,863,033,163.23 $ 102,238,822.22 Fair Value Including Accrued Interest $ 52,965,271,985.45 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of September 30,2003 Summary of investments by type Market Value Market Value Par Value Investment Type as of 08/31/03 as of 09/30/03 $1,463,925 Local Agency Investment Fund (LAIF) $1,463,925 $1,463,925 $17,675,191 Investment Agreements $18,072,086 $17,675,191 $4,897,014 Money Market Funds $7,342,392 $4,897,014 $351,244 US Treasury Securities $351,244 $351,244 $24,387,375 $27,229,647 $24,387,375 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 08/31/03 as of 09/30/03 $1,720,715 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,720,681 $1,720,715 $640,052 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $789,298 $640,052 $14,045,276 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $15,315,682 $14,045,276 $2,653,796 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,653,781 $2,653,796 $1,378,865 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,844,446 $1,378,865 $174,027 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,027 $174,027 $1,817,595 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $2,772,732 $1,817,595 $753,097 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $753,097 $753,097 $884,878 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $884,871 $884,878 $205,750 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $206,765 $205,750 $22 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $0 $22 $113,302 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $114,266 $113,302 $24,387,375 $27,229,647 $24,387,375 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2003 Beginning Contributions/ Distributions/ Balance Transfers/ Transfers/ Earnings Ending Balance (6-30-03) Payments Loans (change in value) Other (9-30-03) ICMA Retirement Corporation (457 Plan) $15,564,007 $366,386 ($142,654) $408,943 $33,640 $16,230,320 ICMA Retirement Corporation (401 Plan) $245,294 $23,447 $0 $5,879 $0 $274,620 Nationwide Retirement Solutions (457 Plan) $41,051,912 $904,337 ($569,378) $876,815 $0 $42,263,685 Trust Deeds $336,704 $0 $0 $0 $0 $336,704 Total Deferred Compensation Plan Balances $57,197,917 $1,294,169 ($712,033) $1,291,637 $33,640 $59,105,330 November 2003 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA November Treasurer' s Report F "PlI M; V114 6 s / / r q� y \ Shari L . Freidenrich , CPA, CCMT , CFMA January 20 , 2004 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA November 2003 Investment Summary ( in millions) Financial Information: October November- Inc./(Dec.) End of Month City Portfolio $98.454 $93.963 ($4.491 ) End of Month Market Value $98.808 $94.167 ($4.641 ) Interest Earned for Month $0.216 $0.223 $0.007 Earned Interest Yield Year to Date 2.49% 2.66% 0.17% Average Maturity ( in days) 660 718 58 YTD Average Daily Balance $1.02.387 $98.997 ($3.390) Summary by Type: November % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $47.342 50% None 1353 3.73% LAI F (State Pool) $36.143 39% $40 million 1 1 .57% U.S.Treasury Notes $1 .000 1% None 639 2.00% Medium Term Notes $5.479 6% 20% 489 5.80% Discount Comm. Paper $3.999 4% 25% 9 1 .08% Total $93.963 100% RCA ROUTING. SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: November 2003 Investment Summary Report COUNCIL MEETING DATE: January 20, 2004 MW, RCA ATTS S TATU TACHMEN S Ordinance (w/exhibits & legislative draft if applicable Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attome Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attome Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over$5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATIONN-FOR MISSLNG ATTACHMENTS; . =REVIEWEDF% : ,RETURNED FORWARDED Administrative Staff Assistant City Administrator Initial City Administrator Initial rCity Clerk EXPLANATION,FOR RETURN OF ITEM Only)(Below Space For City Clerk's Use RCA Author: REQUEST FOR LATE SUBMITTAL (To accompany RCA's submitted after Deadline Department: �`��y7rcA,&wz Subject :gym. .o Council Meeting Date: 1-20-D Date of This Request: \-VI -"J rw REASON (Why is this RCA being submitted late? IN O E� d,\ lw cn4 Acka, �r�•• M. W .._ ,..... .-. :: _ ems .. EXPLANATION (Why is this RCA necessary to this agenda?): t P inon � \r►V P S�+ M� T.S..-'o _-^,� .,,,.. ' CONSEQUENCES How shall delay of this RCA adversely impact the City?): r:s= A Signature: =s 0 13 De 'ed artment Head R 'Silver City Administrator Itsubmtl 07/14/94 Council/Agency Meeting Held: S Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied u,,-7 City CI 's � nature Council Meeting Date: December 15, 2003 Department ID Number: CT 04-03 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS -- O � SUBMITTED BY: SHARI L. FREIDENRICH, City Treasu� _- PREPARED BY: SHARI L. FREIDENRICH, City Treasv_� , C3 SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S OCTOBER 2003 M o= ` INVESTMENT SUMMARY REPORT �, Y FStatementof Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachn4nt(s) Statement of Issue: Review and accept the monthly investment report for October 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for October 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for October 2003. 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. October 2003 PowerPoint Presentation C, -3 a 1 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: October 2003 Investment Summary Report COUNCIL MEETING DATE: December 15, 2003 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) of Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Si ned in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Ap roved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over$5,000) Not Applicable Bonds (If applicable) f_ Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If app Pcable) Not Applicable Findings/Conditions for Approval and/or Denia Not Applicable EXPLANATION FORM SING ATTACHMENTS REVIEWED RETURNED FORWARDED: Administrative Staff Assistant City Administrator Initial City Administrator Initial City Clerk EXPLANATION FOR TURWDF ITEM: (Below7 Only) RCA Author: Monthly Investment Report and Summary of Investments for October 2003 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for October, 2003 City Investment Portfolio: September October Incd(Dec.) End of month City Portfolio Balance $105,407,741 $98,454,421 ($6,953,320) Earned Interest Yield Average 2.78% 2.49% -0.29% Average Maturity ( in days) 632 660 . 28 End of Month Market Value $106,170,714 $98,808,250 ($7,362,464) End of month bank cash balance $5,114,585 $4,913,962 ($200,623) Bond Proceeds Investments:* August September Inc./(Dec.) End of Month Bond Reserve Par Value $27,229,647 $24,387,375 ($2,842,272) End of Month Bond Reserve Market Value $27,229,647 $24,387,375 ($2,842,272) Deferred Compensation Investments:** 6/30/2003 9/30/2003 Inc./(Dec.) Participant Balances $57,197,917 $59,105,330 $1,907,413 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $166,666 $216,637 $49,971 Interest Earned Year to Date $166,666 $216,637 $49,971 Earned Interest Yield Year to Date 2.22% 2.49% 0.27% 'Bond Proceeds Statements lag by one month. "Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. October % of Total Policy Limit to Mat. Rate Federal Agency Issues- Coupon $45,341,789 46% None 1348 3.74% Local Agency Inv. Fund (LAIF) $31,643,554 32% $40 million 1 1.60% U.S. Treasury Notes - Coupon $1,000,000 1% None 669 2.00% Medium Term Notes $6,478,082 7% 20% 439 5.93% Disc. Commercial Paper $11,992,087 12% 25% 22 1.08% Disc. Federal Agy Issues $1,998,910 2% None 18 1.11% $98,454,421 100% 0 City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary October 31, 2003 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 45,354,000.00 45,436,904.00 45,341,788.74 46.05 1,667 1,348 3.683 3.735 Local Agency Investment Funds 31,643,553.53 31,643,553.53 31,643,553.53 32.14 1 1 1.574 1.596 Treasury Securities-Coupon 1,000,000.00 1,004,690.00 1,000,000.00 1.02 729 669 1.973 2.000 Medium Term Notes 6,481,000.00 6,730,902.51 6,478,082.06 6.58 1,514 439 5.847 5.928 Commercial Paper Disc.-Amortizing 12,000,000.00 11,993,000.00 11,992,086.66 12.18 64 22 1.064 1.078 Federal Agency Disc.-Amortizing 2,000,000.00 1,999,200.00 1,998,910.00 2.03 182 18 1.096 1.111 Investments 98,478,663.63 98,808,260.04 98,464,420.99 100.00% 887 660 2.769 2.797 Cash and Accrued Interest Accrued Interest at Purchase 15,149.89 15,149.89 Subtotal 15,149.89 15,149.89 Total Cash and Investments 98,478,663.63 98,823,399.93 98,469,670.88 887 660 2.769 2.797 Total Earnings October 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 216,637.30 216,637.30 Current Budget 166,666.00 166,666.00 2,000,000.00 Last Year Actual 319,992.00 319,992.00 4,661,319.78 Average Daily Balance 102,387,411.39 102,387,411.39 Effective Rate of Return 2.49% 2.49% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec.16, 2002. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. S L.F ID CH,CITY TREASURER Portfolio CITY AP Run Date:12101C2003-16:48 PM(PRF_PM1)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments October 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 366 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 2,W0,000.00 2,000,000.00 2.730 AAA 2.730 1,062 09/28/2006 31331TBQ3 3170 Federal Farm Credit Bank 09/05/2003 2,000,000.00 2,009,380.00 2,OW,000.00 3.100 AAA 3.100 1,039 09/05/2006 3133MCMA0 2984 Federal Home Loan Bank 12/12/2000 2,000.000.00 2,011,260.00 2,000,000.00 6.330 AAA 6.330 772 12/12/2005 3133MNRQ6 3076 Federal Home Loan Bank O5/2812002 1,000,000.00 1,002,190.00 1,000,000.00 4.540 AAA 4.540 758 11/28/2005 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,966,880.00 2,000,000.00 3.020 AAA 3.020 1,619 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,975,620.00 2,000,0W.00 2.400 AAA 2.400 1,231 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1.968,120.00 2,000,000.00 2.270 AAA 2.270 1,179 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,0W,0W.00 1,976,260.00 2,000,000.00 3.320 AAA 3.320 1,731 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,0W.00 1,945,620.00 2,000,000.00 2.900 AAA 2.900 1,732 07/29/2008 3133XOZ69 3174 Federal Home Loan Bank 09/10/2003 1,000,000.00 1,010.000.00 1,000,000.00 4.420 AAA 4.420 1,775 09/10/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,865,614.00 1,850,000.00 4.000 AAA 4.000 1,794 09/29/2008 312925A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,042,500.00 1,997,554.58 4.500 AAA 4.537 1,360 07/23/2007 3128XOU72 3135 Federal Home Loan Mort Corp 03/26/2003 2,000,000.00 1,992,380.00 2,000.000.00 3.400 AAA 3.400 1,607 03/26/2008 3128XOUSO 3137 Federal Home Loan Mort Corp 04/02/2003 2,000,000.00 2,013,020.00 2,000,000.00 3.000 AAA 3.000 1,248 04/02/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,955,200.00 2,000,DW.00 3.000 AAA 3.000 1,725 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,979,280.00 2,000,OW.00 3.000 AAA 3.000 1,544 01/23/2008 3128X1E45 3173 Federal Home Loan Mort Corp 09/03/2003 1,000,000.00 1,020,120.00 1,000,000.00 4.300 AAA 4.300 1,768 09/03/2008 31364GZA0 2885 Fed.Nat'I Mort.Assoc. 04/20/1999 1,000,000.00 1,018,140.00 1,000,0W.00 5.910 AAA 5.909 139 03/19/2004 31364GO93 2905 Fed.Nat'I Mort.Assoc. 06/11/1999 1,000,000.00 1,025,670.00 998.413.57 6.000 AAA 6.343 198 05/17/2004 31364K51-0 2998 Fed.Nat'I Mort.Assoc. 03/16/2001 1.000,000.00 1,015,940.00 1,000,000.00 5.550 AAA 5.550 866 03/16/2006 3136FOAL6 3002 Fed.Nat'I Mort.Assoc. 03/29/2001 1,000,000.00 1,015,940.00 1,000,000.00 5.300 AAA 5.300 879 03/29/2006 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,0w00 1,045,000.00 1,000,000.00 5.010 AAA 5.010 1,201 02/14/2007 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,OOO oo 1.055,630.00 1,000,000.00 5.350 AAA 5.350 1.258 04/12/2007 3136F2A99 3124 Fed.Nat'l Mort.Assoc. 12/30/2002 1,000,000.00 1,002,500.00 1,000,000.00 3.000 AAA 3.000 972 06/30/2006 31361`21-97 3131 Fed.Nat'I Mort.Assoc. 01/30/2003 2,000,000.00 2,013,120.00 2,000,000.00 4.000 AAA 4.000 1,551 01/30/2008 31359MSC8 3148 Fed.Nat'I Mort.Assoc. 06/04/2003 2,000,000.00 1.968,120.00 1,996,326.67 2.0W AAA 2.042 1,677 06/04/2008 3136F4CJ1 3171 Fed.Nat'l Mort.Assoc. 09/08/2003 2,000,000.00 2.031.880.00 2,000,000.00 4.200 AAA 4.200 1,773 09/08/2008 3136F2E38 3184 Fed.Nat'l Mort.Assoc. 10/29/2003 1,504,000.00 1,511.520.00 1,499,493.92 3.750 AAA 3,826 1,544 01/23/2008 Subtotal and Average 44,076,675.95 45,354,000.00 46,436,904.00 45,341,788.74 3.735 1,348 Local Agency Investment Funds SYS982 982 Laif City 18,571.582.94 18,571,582.94 18,571,582.94 1.596 NR 1.596 1 SYS2206 2206 LAIF-Redevelopment Agency 13,071,970.59 13,071,970.59 13,071,970.59 1.596 NR 1.596 1 Subtotal and Average 34,977,009.04 31,643,653.53 31,643,663.63 31,643,653.63 1.696 1 Portfolio CITY AP Run Date:12/01/2003-16:48 PM(PRF_PM2)SymRept V8.21 Report Ver.5.00 City of H B Portfolio Management Page 3 Portfolio Details - Investments October 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 366 Maturity Date Treasury Securities-Coupon 91282813J8 3175 US Treasury Bill 09/02/2003 1,000,000.00 1,004,690.00 1,000,000.00 2.000 AAA 2.000 669 08/31/2005 Subtotal and Average 1,000,000.00 1,000,000.00 1,004,690.00 1,000,000.00 2.000 669 Medium Term Notes 026870BB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 1,016,790.00 1,005,174.64 2.850 Aaa 2.590 761 12/01/2005 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,010,570.00 999,345.92 5.400 Aaa 5.700 93 02/02/2004 172967AV3 2981 Citibank NA 12/05/20M 481,000.00 520,302.51 476,388.18 6.250 Aa 6.800 761 12/01/2005 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,000,000.00 1,000,009.89 6.810 Aaa 6.610 2 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,072,900.00 999,381.56 7.500 Aa3 7.559 468 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,076,370.00 999,025.35 5.750 Aat 5.795 921 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000.000.00 1,033,970.00 998,756.52 6.700 Aa3 6.920 233 06/21/2004 Subtotal and Average 6,477,951.33 6,481,000.00 6,730,902.61 6,478,082.06 6.928 439 Commercial Paper Disc.-Amortizing 17307KZ51 3179 Citigroup Global 09/26/2003 2,000,000.00 1,998,160.00 1,997,997.78 1.060 Aa 1.077 34 12/05/2003 36959JY72 3169 General Electric Capital Corp 08/20/2003 2,000,000.00 1,999,780.00 1.999,643.33 1.070 Aaa 1.087 6 11/07/2003 36959JY72 3177 General Electric Capital Corp 08/29/2003 2,000,000.00 1,999,780.00 1.999,650.00 1.050 Aaa 1.067 6 11/07/2003 61745BYM3 3180 Morgan Stanley Dean Witter 09/26/2003 2,000,000.00 1,998,960.00 1,998,811.11 1.070 A1P1 1.087 20 1121/2003 61745BZF7 3181 Morgan Stanley Dean Witter 09/26/2003 2,000,000.00 1,997,580.00 1,997,394.44 1.070 AtP1 1.087 44 12/15/2003 61745BYR2 3185 Morgan Stanley Dean Witter 10/292003 2,000,000.00 1,998,740.00 1,998,600.00 1.050 A1P1 1.065 24 11252003 Subtotal and Average 13,868,773A0 12,000,000.00 11,993,000.00 11,992,086.66 1.078 22 Federal Agency Disc.-Amortizing 313384PL7 3153 Federal Home Loan Bank 05/21/2003 2,000,000.00 1,999,200.00 1,998,910.00 1.090 AAA 1.111 18 11/192003 Subtotal and Average 1,998,001.67 2,000,000.00 1,999,200.00 1,998,910.00 1.111 18 Total and Average 102,387,411.39 98,478,553.63 98,808,260.04 98,464,420.99 2.797 660 Portfolio CITY AP Run Date:12/01/2003-16:48 PM(PRF PM2)SymRept V8.21 City of HB Portfolio Management Page 4 Portfolio Details -Cash October 31, 2003 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 366 Maturity Average Balance 0.00 Accrued Interest at Purchase 15,149:89 15,149.89 0 Subtotal 15,149.89 15,149.89 Total Cash and Investmentss 102,387,411.39 98,478,563.63 98,823,399.93 98,469,670.88 2.797 660 Portfolio CITY AP Run Date:12/01/2003-16:48 PM(PRF_PM2)SymRept V8.21 City of HB Portfolio Management Page s Activity By Type October 1, 2003 through October 31, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133MRHY1 3120 Federal Home Loan Bank 4.250 10/03/2003 0.00 1,370,802.74 3136F2E38 3184 Fed.Nei Mort.Assoc. 3.750 10/29/2003 1,499,488.00 0.00 Subtotal 1,499AN.00 1,370,802.74 46,341,788.74 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.596 4,330,222.41 3,750,000.00 SYS2206 2206 LAJF-Redevelopment Agency 1.596 4,574,268.97 8,250,000.00 Subtotal 8,9W,491.38 12,000,000.00 31,643,653.63 Treasury Securities-Coupon Subtotal 1,000,000.00 Medium Term Notes Subtotal 6,478,082.06 Commercial Paper Disc.-Amortizing 02581SX09 3157 American Express 1.000 10/24/2003 0.00 2,0W,000.00 02581SXT3 3182 American Express 1.030 10/27/2003 0.00 2,000,000.00 61745BYR2 3185 Morgan Stanley Dean Witter 1.050 10/29/2003 1,998,425.00 0.00 81989DX92 3172 Sharp Electronics Corp. 1.0m 10/09/2003 0.00 2,0W,000.00 Subtotal 1,998,426.00 6,000,000.00 11,992,086.66 Federal Agency Disc.-Amortizing Subtotal 1,998,910.00 Total 12,402,404.38 19,370,802.74 98,464,420.99 Portfolio CITY AP Run Date:12/012003.16:48 PM(PRF PM3)SyrnRept Ve.21 Report Ver.5.00 City of HB Portfolio Management Page 6 Activity Summary October 2002 through October 2003 Yield to Maturity Managed Number Number Month Number of Average 360 366 Pool of investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity October 2002 55 96,564,576.04 3.871 3.924 2.604 1 7 820 497 November 2002 55 93,727,818.76 3.644 3.695 2.301 7 7 830 508 December 2002 58 101,252,496.49 3.462 3.510 2.201 11 8 810 527 January 2003 58 107,056,629.59 3.517 3.566 2.103 6 6 892 618 February 2003 54 103,784,689.45 3.526 3.575 1.945 2 6 923 625 March 2003 53 100,384,000.65 3.405 3.452 1.904 4 5 902 609 April 2003 55 103,958,406.14 3.267 3.313 1.858 6 4 894 611 May 2003 54 108,068,072.78 2.939 2.980 1.769 7 8 758 491 June 2003 55 114,509,461.61 2.740 2.778 1.697 7 6 738 503 July 2003 55 116,351,329.91 2.600 2.636 1.653 10 10 772 538 August 2003 46 108,011,271.13 2.636 2.672 1.632 4 13 767 536 September 2003 47 105,317,339.67 2.671 2.708 1.635 10 9 832 632 October 2003 45 102,387,411.39 2.759 2.797 1.596 2 4 887 660 Average 53 104,731,694.74 3.167% 3.200% 1.916 6 7 833 666 Portfolio CITY AP Run Date:12/012003-16:48 PM(PRF PM4)SyrnRept V8.21 Report Ver.5.00 City of 1113 Portfolio Management Page 7 Distribution of Investments By Type October 2002 through October 2003 October November December January February March April May June July August September October Average Security Type 2002 2002 2002 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 46.3 46.4 46.8 51.3 50.9 49.8 51.5 41.0 39.0 39.5 40.1 42.9 46.1 45.5% -Local Agency Investment Funds 38.6 34.3 32.8 33.0 36.7 37.0 34.1 34.1 _33.5--_ 26.7 37.9 33.0 32.1 34.1%__ Treasury Securities-Coupon 2.1 2.1 -1.9 1.9 2.0------- 2.0 -1.9 1.8 0.9 -0.9 --1-.0--- -1.0 1.5%-- -Medium Term.Notes -6.8 6.8---- --6.2 -7.1 - -7.5 .7.3 7.0 6.8 -6.4 5.8 6.0 -6.2 6.6 6.6% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities ---- Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 2.1 6.3 10.5 6.6 3.0 3.9 3.7 10.9 10.3 15.1 10.4 15.2 12.2 8.5% Federal Agency Disc.-Amortizing -2.1 2.1 1.9 3.6- -8.2 110.2. 5.5- 1.9 2.0 2.9% Treasury Discounts-Amortizing 2.1 2.1 1.9 1.8 1.7 1.8 0.9% --Miscellaneous Discounts-Amortizing -Rolling Repurchase Agreements PortfolioCITY AP Run Date:12101r2=-16:48 PM(PRF-PM5)SyrnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 10/31/03 g Carrying Cost Pius 'F - -.� Description r llccrued Interest`Purch� �.�- z Fa�rValue� ��, Accrueclnterest United States Treasury: Bills $ 1,294,420,083.86 $ 1,297,955,000.00 NA Notes $ 7,870,726,070.53 $ 7,903,993,000.00 $ 93,993,530.75 Federal Agency: SBA $ 469,112,240.12 $ 464,361,819.11 $ 1,100,410.17 MBS $ 555,697,605.28 $ 541,119,116.35 $ 2,546,532.57 Bonds $ 3,657,252,797.73 $ 3,665,105,882.10 $ 35,681,796.79 Floaters $ - $ - $ - Discount Notes $ 8,997,342,794.57 $ 9,016,615,058.60 NA FHLMC PC $ 4,225,414.52 $ 4,601,587.88 $ 67,913.53 GNMA $ 534,925.69 $ 612,772.67 $ 5,312.93 Bankers Acceptances $ - $ - NA Bank Notes $ 449,993,798.72 $ 449,938,294.50 $ 591,611.11 CDs $ 6,724,676,213.50 $ 6,723,622,411.37 $ 10,454,415.56 Commercial Paper $ 9,089,827,081.76 $ 9,104,823,139.89 NA Corporate: Floaters $ 293,921,898.84 $ 293,859,800.00 $ 654,602.57 Bonds $ 1,975,025,042.14 $ 1,995,153,677.85 $ 32,777,214.62 Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,647,095,000.00 $ 5,647,095,000.00 NA AB 55&GF Loans $ 6,923,467,958.66 $ 6,923,467,958.66 NA TOTAL $ 53,953,318,925.92 $ 54,032,324,518.98 $ 177,873,340.60 Fair Value Including Accrued Interest $ 54,210,197,859.58 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of September 30,2003 Summary of investments by type Market Value Market Value Par Value Investment Type as of 08/31/03 as of 09/30/03 $1,463,925 Local Agency Investment Fund(LAIF) $1,463,925 $1,463,925 $17,675,191 Investment Agreements $18,072,086 $17,675,191 $4,897,014 Money Market Funds $7,342,392 $4,897,014 $351,244 US Treasury Securities $351,244 $351,244 $24,387,375 $27,229,647 $24,387,375 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 08/31/03 as of 09/30/03 $1,720,715 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,720,681 $1,720,715 $640,052 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $789,298 $640,052 $14,045,276 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $15,315,682 $14,045,276 $2,653,796 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,653,781 $2,653,796 $1,378,865 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,844,446 $1,378,865 $174,027 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,027 $174,027 $1,817,595 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $2,772,732 $1,817,595 $753,097 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $753,097 $753,097 $884,878 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $884,871 $884,878 $205,750 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $206,765 $205,750 $22 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $0 $22 $113,302 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $114,266 $113,302 $24,387,375 $27,229,647 $24,387,375 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2003 Beginning Contributions/ Distributions/ Balance Transfers/ Transfers/ Earnings Ending Balance (6-30-03) Payments Loans (change in value) Other (9-30-03) ICMA Retirement Corporation (457 Plan) $15,564,007 $366,386 ($142,654) $408,943 $33,640 $16,230,320 ICMA Retirement Corporation (401 Plan) $245,294 $23,447 $0 $5,879 $0 $274,620 Nationwide Retirement Solutions (457 Plan) $41,051,912 $904,337 ($569,378) $876,815 $0 $42,263,685 Trust Deeds $336,704 $0 $0 $0 $0 $336,704 Total Deferred Compensation Plan Balances $57,197,917 $1,294,169 ($712,033) $1,291,637 $33,640 $59,105,330 October 2003 PowerPoint Presentation Attachment 4 .�- Z-2 - Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA � October 2003 Investment Summary ( in millions) Financial Information: September October Inc./(Dec.) End of Month City Portfolio $105.408 $98.454 ($6.954) End of Month Market Value $106.170 $98.808 ($7.362) Interest Earned for Month $0.240 $0.216 ($0.024) Earned Interest Yield Year to Date 3.17% 2.49% -0.68% Average Maturity ( in days) 632 660 28 YTD Average Daily Balance $104.930 $102.387 ($2.543) Summary by Type: August. % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $45.342 46% None 1348 3.74% LAIF (State Pool) $31 .643 32% $40 million 1 1 .60% U.S.Treasury Notes $1 .000 1% None 669 2.00% Medium Term Notes $6.478 7% 20% 439 5.93% Discount Comm. Paper $11 .992 12% 25% 22 1 .08% Discount Federal Agy $1 .999 2% None 18 1 .11% Total $98.454 100% Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA October Report --oll VIIII-M. '' C"", Pn .. ........... UZI, M < Shari L . Freidenrich , CPA, CCMT , CFMA December 15, 2003 RCA ROUTING SHEET INITIATING DEPARTMENT: , City Treasurer ' SUBJECT: October 2003 Investment Summary Report COUNCIL MEETING DATE: December 15, 2003 A, 'STATUS,- , STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable x: EXPLANATION FOR MISSINGATTACHMENTS h REVIE .WED - RETU:RNED =.FORWARDED Administrative Staff Assistant City Administrator Initial City Administrator Initial ( 07� City Clerk EXPLANATION FORRETURN,OF.ITEM:- (BelowOnly) RCA Author: C r . Council/Agency Meeting Held: DOS Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied City Cl s Sig tune Council Meeting Date: November 3, 2003 Department ID umber: CT 04-02 T CITY OF HUNTINGTON BEACH 0 W -{ REQUEST FOR COUNCIL ACTION a c SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS (T1T�i'} SUBMITTED BY: SHARI L. FREIDENRICH, City Treasur PREPARED BY: SHARI L. FREIDENRICH, City Treasur SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S SEPTEMBER 2003 INVESTMENT SUMMARY REPORT F atement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) -1 Statement of Issue: Review and accept the monthly investment report for September 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for September 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): *IeO 3 City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for September 2003. 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary infc::,mation 4. September 2003 PowerPoint Presentation 3a 1. Monthly Investment Report and Summary of Investments for September 2003 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for September, 2003 City Investment Portfolio: August September Inc./(Dec.) End of month City Portfolio Balance $108,107,400 $105,407,741 ($2,699,659) End of month General Fund Balance $12,048,050 $11,456,133 ($591,917) Earned Interest Yield Average 2.66% 2.78% 0.12% Average Maturity ( in days) 536 632 96 End of Month Market Value $108,190,985 $106,170,714 ($2,020,271) End of month bank cash balance $2,559,921 $5,114,585 $2,554,664 Bond Proceeds Investments:* July August Inc./(Dec.) End of Month Bond Reserve Par Value $27,468,151 $27,229,647 ($238,504) End of Month Bond Reserve Market Value $27,468,151 $27,229,647 ($238,504) Deferred Compensation Investments:** 3/31/2003 6/30/2003 Inc./(Dec.) Participant Balances $52,953,682 $57,197,917 $4,244,235 'Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $300,000 $240,538 ($59,462) Interest Earned Year to Date $3,600,000 $3,330,313 ($269,687) Earned Interest Yield Year to Date 4.00% 3.17% -0.83% *Bond Proceeds Statements lag by one month. **Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. September % of Total Policy Limit to Mat. Rate Federal Agency Issues- Coupon $45,212,756 43% None 1375 3.74% Local Agency Inv. Fund (LAIF) $34,739,062 33% $40 million 1 1.64% U.S. Treasury Notes - Coupon $1,000,000 1% None 700 2.00% Medium Term Notes $6,477,802 6% 20% 470 5.93% Disc. Commercial Paper $15,981,088 15% 25% 40 1.07% Disc. Federal Agy Issues $1,997,033 2% None 49 1.11% $105,407,741 100% r� City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary September 30, 2003 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 45,205,000.00 45,667,031.45 45.212.755.78 42.89 1,673 1,375 3.686 3.737 Local Agency Investment Funds 34,739,062.15 34,739,062.15 34,739,062.15 32.96 1 1 1.613 1.635 Treasury Securities-Coupon 1,000,000.00 1,010,940.00 1,000,000.00 0.95 729 700 1.973 2.000 Medium Term Notes 6,481,000.00 6,775,240.74 6,477,802.58 6.15 1,513 470 5.847 5.928 Commercial Paper Disc.-Amortizing 16,000,000.00 15,981,040,00 15,981,087.68 15.16 68 40 1.053 1,068 Federal Agency Disc.-Amortizing 2,000,000.00 1,997,400.00 1,997,032.78 1.89 182 49 1.096 1.111 Investments 105,425,062.15 106,170,714.34 105,407,740.97 100.00% 832 632 2.671 2.708 Cash and Accrued Interest Accrued Interest at Purchase 109.89 109.89 Subtotal 109.89 109.89 Total Cash and Investments 105,425,062.15 106,170,824.23 105,407,850.86 832 632 2.671 2.708 Total Earnings September 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 240,538.09 3,330,312.60 3,330,312.60 Current Budget 300,000.00 3,600,000.00 3,600,000.00 Last Year Actual 329,449.28 4,812,507.05 4,812,507.05 Average Daily Balance 105,317,339.67 104,930,689.76 Effective Rate of Return 2.78% 3.17% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 16,2002. 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 rovided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. /0-ZO-v3 42— AMABAQZFADeNRICH,CITY TREASURER Portfolio CITY AP Run Date:10/20/2003-17:20 PM(PRF_PM1)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments September 30, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 313E Federal Farm Credit Bank 03/28/2003 2,000,000.00 2,026,260.00 2,000,000.00 2.730 AAA 2.730 1,093 09/28/2006 31331TBQ3 3170 Federal Farm Credit Bank - 09/05/2003 2,000,000.00 2,015,000.00 2,000,000.00 3.100 AAA 3.100 1,070 09/05/2006 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,020,620.00 2,000,000.00 6.330 AAA 6.330 803 12/12/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1,005,310.00 1,000,000.00 4.540 AAA 4.540 789 11/28/2005 3133MRHY1 3120 Federal Home Loan Bank 12/20/2002 1,355,000.00 1,361,354.95 1,370,825.12 4.250 AAA 3.920 1,435 09/05/2007 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,998,120.00 2,000,000.00 3.020 AAA 3.020 1,650 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 2,000,620.00 2,000,000.00 2.400 AAA 2.400 1,262 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,996,260.00 2,000.000.00 2.270 AAA 2.270 1,210 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 2,001,260.00 2,000,000.00 3.320 AAA 3.320 1,762 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,979,380.00 2,000,000.00 2.900 AAA 2.900 1,763 07/29/2008 3133XOZ69 3174 Federal Home Loan Bank 09/10/2003 1,000,000.00 1,013,440.00 1,000,000.00 4.420 AAA 4.420 1,806 09/10/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,886,426.50 1,850,000.00 4.000 AAA 4.000 1,825 09/29/2008 312925A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,045,620.00 1,997,499.91 4.500 AAA 4.537 1,391 07/23/2007 3128XOU72 3135 Federal Home Loan Mort Corp 03/26/2003 2,000,000.00 2,011,720.00 2,000,000.00 3.400 AAA 3.400 1,638 03/26/2008 3128XOUBO 3137 Federal Home Loan Mort Corp 04/02/2003 2,000,000.00 2,020,240.00 2,000,000.00 3.000 AAA 3.000 1,279 04/02/2007 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,981,540.00 2,000,000.00 3.000 AAA 3.000 1,756 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 2,002,940.00 2,000,000.00 3.000 AAA 3.000 1.575 01/23/2008 3128X1E45 3173 Federal Home Loan Mort Corp 09/03/2003 1,000,000.00 1,025,160.00 1,000,000.00 4.300 AAA 4.300 1,799 09/03/2008 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,022,220.00 1,000.000.00 5.910 AAA 5.909 170 03/19/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,030,100.00 998,170.75 6.000 AAA 6.343 229 05/17/2004 31364K5LO 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,020,310.00 1,000,000.00 5.550 AAA 5.550 897 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,020,000.00 1,000,000.00 5.300 AAA 5.300 910 03/29/2006 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,052,810.00 1,000,000.00 5.010 AAA 5.010 1,232 02/14/2007 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,064,060.00 1,000,000.00 5.350 AAA 5.350 1,289 04/12/2007 3136172A99 3124 Fed.Nat'l Mort.Assoc. 12/30/2002 1,000,000.00 1,004,380.00 1,000,000.00 3.000 AAA 3.000 1,003 06/30/2006 3136F21-97 3131 Fed.Nat'l Mort.Assoc. 01/30/2003 2,000,000.00 2,019,380.00 2,000,000.00 4.000 AAA 4.000 1,582 01/30/2008 31359MSCB 3148 Fed.Nat'l Mort.Assoc. 06/04/2003 2,000,000.00 1,994,380.00 1,996,260.00 2.000 AAA 2.042 1,708 06/04/2008 3136F4CJ1 3171 Fed.Nat'l Mort.Assoc. 09/08/2003 2,000,000.00 2,048,120.00 2,000,000.00 4.200 AAA 4.200 1,804 09/08/2008 Subtotal and Average 45,985,350.47 45,205,000.00 45,667,031.45 45,212,755.78 3.737 1,375 Local Agency Investment Funds SYS982 982 Laif City 17,991,360.53 17,991,360.53 17,991.360.53 1.635 NR 1.635 1 SYS2206 2206 LAIF-Redevelopment Agency 16,747,701.62 16,747,701.62 16,747.701.62 1.635 NR 1.635 1 Subtotal and Average 36,930,728.82 34,739,062.15 34,739,062.15 34,739,062.15 1.635 1 Portfolio CITY AP Run Date:10/20/2003-17:20 PM(PRF_PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details -Investments September 30, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Treasury Securities-Coupon 912828BJB 3175 US Treasury Bill 09/02/2003 1,000,000.00 1,010,940.00 1,000,000.00 2.000 AAA 2.000 700 08/31/2005 Subtotal and Average 966,666.67 1,000,000.00 1,010,940.00 1,000,000.00 2.000 700 Medium Term Notes 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 1,022,320.00 1,005,381.63 2.850 Aaa 2.590 792 12/01/2005 06651PAA1 2872 Bank United 02/17/1999 1,000,000.00 1,014,390.00 999,130.29 5.400 Aaa 5.700 124 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 525,030.74 476,203.71 6.250 Aa 6.800 792 12/01/2005 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,004,750.00 1.000,158.22 6.810 Aaa 6.610 33 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,081,650.00 999,341.22 7.500 Aa3 7.559 499 02/11/2005 17296713F7 3013 Citigroup 05/10/2001 1,000,000.00 1,088,140.00 998,993.18 5.750 Aa1 5.795 952 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,038,960.00 998,594.33 6.700 Aa3 6.920 264 06/21/2004 Subtotal and Average 6,477,667.49 6,481,000.00 6,775,240.74 6,477,802.58 5.928 470 Commercial Paper Disc.-Amortizing 02581SXQ9 3157 American Express 06/27/2003 2,000,000.00 1,998,660.00 1,998,722.22 1.000 A1P1 1.017 23 10/24/2003 02581SXT3 3182 American Express 09/26/2003 2,000,000.00 1,998,480.00 1,998,512.13 1.030 A1P1 1.045 26 10/27/2003 17307KZ51 3179 Citigroup Global 09/26/2003 2,000,000.00 1,996,140.00 1,996,172.22 1.060 Aa 1.077 65 12/05/2003 36959JY72 3169 General Electric Capital Corp 08/20/2003 2,000,000.00 1,997,840.00 1,997,800.56 1.070 Aaa 1.087 37 11/07/2003 36959JY72 3177 General Electric Capital Corp 08/29/2003 2,000,000.00 1,997,840.00 1,997,841.67 1.050 Aaa 1.067 37 11/07/2003 61745BYM3 3180 Morgan Stanley Dean Witter 09/26/2003 2,000,000.00 1,997,000.00 1.996,968.33 1.070 A1P1 1.087 51 11/21/2003 61745BZF7 3181 Morgan Stanley Dean Witter 09/26/2003 2,000,000.00 1,995,540.00 1,995,541.66 1.070 A1P1 1.087 75 12/15/2003 81989DX92 3172 Sharp Electronics Corp. 08/28/2003 2,000,000.00 1,999,540.00 1,999,528.89 1.060 A1131 1.076 8 10/09/2003 Subtotal and Average 10,827,921.69 16,000,000.00 15,981,040.00 15,981,087.68 1.068 40 Federal Agency Disc.-Amortizing 313384PL7 3153 Federal Home Loan Bank 05/21/2003 2,000,000.00 1,997,400.00 1,997,032.78 1.090 AAA 1.111 49 11/19/2003 Subtotal and Average 4,129,004.64 2,000,000.00 1,997,400.00 1,997,032.78 1.111 49 Total and Average 105,317,339.67 105,425,062.15 106,170,714.34 105,407,740.97 2.708 632 Portfolio CITY AP Run Date:10/20/2003-17:20 PM(PRF PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Cash September 30, 2003 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 109.89 109.89 0 Subtotal 109.89 109.89 Total Cash and Investmentss 105,317,339.67 105,425,062.15 106,170,824.23 105,407,860.86 2.708 632 Portfolio CITY AP Run Date:10/20/2003-17:20 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 5 Activity By Type September 1, 2003 through September 30, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331TBQ3 3170 Federal Farm Credit Bank 3.100 09/05/2003 2,000,000.00 0.00 3133M5QB9 2874 Federal Home Loan Bank 5.125 09/15/2003 0.00 1,000,000.00 3133M5J92 2882 Federal Home Loan Bank 5.630 09/02/2003 0.00 1,000,000.00 3133MHD76 3037 Federal Home Loan Bank 5.250 09/19/2003 0.00 1,000,000.00 3133MHJ54 3038 Federal Home Loan Bank 5.000 09/26/2003 0.00 1,000,000.00 3133XOZ69 3174 Federal Home Loan Bank 4.420 09/10/2003 1,000,000.00 0.00 3133X1CF2 3178 Federal Home Loan Bank 4.000 09/29/2003 1,850,000.00 0.00 3129256U9 3106 Federal Home Loan Mort Corp 2.875 09/26/2003 0.00 1,999,166.67 3128X1E45 3173 Federal Home Loan Mort Corp 4.300 09/03/2003 1,000,000.00 0.00 3136F4CA 3171 Fed.Nat'l Mort.Assoc. 4.200 09/08/2003 2,000,000.00 0.00 Subtotal 7,860,000.00 6,999,166.67 46,212,765.78 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.635 0.00 2,000,000.00 SYS2206 2206 LAIF-Redevelopment Agency 1.635 4,750,000.00 9,000,000.00 Subtotal 4,760,000.00 11,000,000.00 34,739,062.16 Treasury Securities-Coupon 912828BJ8 3175 US Treasury Bill 2.000 09/02/2003 1,000,000.00 0.00 Subtotal 1,000,000.00 0.00 1,000,000.00 Medium Term Notes Subtotal 6,477,802.68 Commercial Paper Disc.-Amortizing 02581SWBO 3167 American Express 1.020 09/08/2003 0.00 2,000,000.00 02581SXT3 3182 American Express 1.030 09/26/2003 1,998,226.00 0.00 17307KZ51 3179 Citigroup Global 1.060 09/26/2003 1,995,877.78 0.00 61745BYM3 3180 Morgan Stanley Dean Witter 1.070 09/26/2003 1,996,671.11 0.00 61745BZF7 3181 Morgan Stanley Dean Witter 1.070 09/26/2003 1,995,244.44 0.00 91411UWR2 3176 University of California UCI 1.060 09/25/2003 0.00 1,300,000.00 Subtotal 7,986,019.33 3,300,000.00 16,981,087.68 Federal Agency Disc.-Amortizing 313396LQ4 3154 Federal Home Loan Mort Corp 1.120 09/12/2003 0.00 2,000,000.00 313396MA8 3156 Federal Home Loan Mort Corp 0.950 09/22/2003 0.00 2,000,000.00 Portfolio CITY AP Run Date:10/20/2003-17:20 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Activity By Type Page s September 1, 2003 through September 30, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Subtotal 0.00 4,000,000.00 1,997,032.78 Total 21,586,019.33 24,299,166.67 105,407,740.97 Portfolio CITY AP Run Date:10/20/2003-17:20 PM(PRF_PM3)SymRept V6.21 City of HB Portfolio Management Page 7 Activity Summary September 2002 through September 2003 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity September 2002 62 99,320,920.60 3.902 3.956 2.604 7 11 843 519 October 2002 55 96,564,576.04 3.871 3.924 2.604 1 7 820 497 November 2002 55 93,727,818.76 3.644 3.695 2.301 7 7 830 508 December 2002 58 101,252,496.49 3.462 3.510 2.201 11 8 810 527 January 2003 58 107,056,629.59 3.517 3.566 2.103 6 6 892 61 February 2003 54 103,784,689.45 3.526 3.575 1.945 2 6 923 625 March 2003 53 100,384,000.65 3.405 3.452 1.904 4 5 902 609 April 2003 55 103,958,406.14 3.267 3.313 1.858 6 4 894 611 May 2003 54 108,068,072.78 2.939 2.980 1.769 7 8 758 491 June 2003 55 114,509,461.61 2.740 2.778 1.697 7 6 738 503 July 2003 55 116,351,329.91 2.600 2.636 1.653 10 10 772 538 August 2003 46 108,011,271.13 2.636 2.672 1.632 4 13 767 536 September 2003 47 105,317,339.67 2.671 2.708 1.635 10 9 832 632 Average 54 104,604,631.35 3.246% 3.290% 1.993 6 8 829 656 Portfolio CITY AP Run Date:10/20/2003-17:20 PM(PRF PM4)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type September 2002 through September 2003 September October November December January February March April May June July August September Average Security Type 2002 2002 2002 2002 2003 2003 2003 2003 2003 2003 2003 2003 2003 by Period Repurchase Agreements _ Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 47.2 46.3 46.4 46.8 51.3 50.9 49.8 51.5 41.0 39.0 39.5 40.1 42.9 45.6% Local Agency Investment Funds 33.4 38.6 34.3 32.8 33.0 36.7 37.0 34.1 34.1 33.5 26.7 37.9 33.0 34.20' Treasury Securities-Coupon 2.0 2.1 2.1 1.9 1.9 2.0 2.0 1.9 1.8 0.9 0.9 1.0 1. Medium Term Notes 7.5 6.8 6.8 6.2 7.1 7.5 7.3 7.0 6.8 6.4 5.8 6.0 6.2 6.7% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 2.0 2.1 6.3 10.5 6.6 3.0 3.9 3.7 10.9 10.3 15.1 10.4 15.2 7.7% Federal Agency Disc.-Amortizing 5.0 2.1 2.1 1.9 3.6 8.2 10.2 5.5 1.9 3.1% Treasury Discounts-Amortizing 3.0 2.1 2.1 1.9 1.8 1.7 1.8 1.1% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:10/20/2003-17:20 PM(PRF_PM5)SyrnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 9/30/03 " Carrying Cost Plus = M01, DescripfionAccruedInterestPurch AmortizedCost Fair Value Accruedlnterest United States Treasury: Bills $ 1,294,420,083.86 $ 1,297,069,014.12 $ 1,296,985,000.00 NA Notes $ 7,941,655,704.48 $ 7,939,703,915.99 $ 7,989,298,000.00 $ 83,495,771.25 Federal Agency: SBA $ 471,740,929.39 $ 471,698,442.52 $ 466,961,553.02 $ 1,106,736.80 MBS $ 589,183,825.31 $ 589,183,825.31 $ 581,038,334.18 $ 2,709,198.32 Bonds $ 3,563,984,597.64 $ 3,560,318,868.50 $ 3,589,784,057.10 $ 38,428,883.94 Floaters $ - $ - $ - $ - Discount Notes $ 8,175,948,012.90 $ 8,196,425,104.95 $ 8,194,889,527.00 NA FHLMC PC $ 4,387,666.07 $ 4,387,666.07 $ 4,776,190.44 $ 70,527.72 GNMA $ 540,957.15 $ 540,957.15 $ 621,972.75 $ 5,375.90 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 249,987,376.00 $ 249,987,376.00 $ 249,974,648.00 $ 336,583.33 CDs $ 6,544,711,224.60 $ 6,544,622,717.93 $ 6,543,651,124.03 $ 8,881,002.83 Commercial Paper $ 10,185,024,840.07 $ 10,200,105,523.57 $ 10,200,509,218.75 NA Corporate: Floaters $ 293,755,017.97 $ 293,755,017.97 $ 293,875,060.00 $ 518,013.37 Bonds $ 1,911,203,593.03 $ 1,909,577,662.09 $ 1,933,899,121.69 $ 30,298,844.78 Repurchase Agreements $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 5,694,095,000.00 $ 5,694,095,000.00 $ 5,694,095,000.00 NA AB 55&GF Loans $ 6,781,281,822.13 $ 6,781,281,822.13 $ 6,781,281,822.13 NA TOTAL $ 53,701,920,650.60 $ 53,732,752,914.30 1 $ 53,821,640,629.09 1 $ 165,850,938. 41 Fair Value Including Accrued Interest $ 53,987,491,567.33 Repurchase Agreements, Time Deposits, AB 55 &General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost(1.001654256). 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$20,033,085.11 or$20,000,000.00 x 1.001654256. Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of August 31,2003 Summary of investments by type Market Value Market Value Par Value Investment Type as of 07/31/03 as of 08/31/03 $1,463,925 Local Agency Investment Fund(LAIF) $1,463,925 $1,463,925 $18,072,086 Investment Agreements $18,072,086 $18,072,086 $7,342,391 Money Market Funds $7,580,896 $7,342,392 $351,244 US Treasury Securities $351,244 $351,244 $27,229,647 $27,468,151 $27,229,64 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 07/31/03 as of 08/31/03 $1,720,681 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,749,849 $1,720,681 $789,298 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $740,155 $789,298 $15,315,682 Huntington Beach PFA- 2001 Series A(South Beach Improvements& Central Park Sports Complex) $14,043,387 $15,315,682 $2,653,781 Huntington Beach PFA- 2001 Series B(1993 Civic Center& Police Administration Bldg. Refinance) $4,625,429 $2,653,781 $1,844,446 City of Huntington Beach 2001 Community Facilities District(Grand Coast-Hyatt) $1,795,826 $1,844,446 $174,027 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,027 $174,027 $2,772,732 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,815,825 $2,772,732 $753,097 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $1,277,484 $753,Of $884,871 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $884,864 $884,871 $206,765 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $199,311 $206,765 $0 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $47,658 $0 $114,266 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $114,335 $114,266 $27,229,647 $27,468,151 $27,229,647 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2003 Beginning Distributions/ Balance Contributions/ Transfers/ Earnings Ending Balance (3-31-03) Transfers Payments (change in value) Other (6-30-03) ICMA Retirement Corporation (457 Plan) $14,114,084 $349,108 ($116,181) $1,214,921 $2,075 $15,564,007 ICMA Retirement Corporation (401 Plan) $213,668 $15,709 $0 $15,917 $0 $245,294 Nationwide Retirement Solutions (457 Plan) $38,289,225 $799,091 ($418,081) $2,381,726 ($50) $41,051,912 Trust Deeds $336,704 $0 $0 $0 $0 $336,704 Total Deferred Compensation Plan Balances $52,953,682 $1,163,908 ($534,262) $3,612,564 $2,025 $57,197,917 September 2003 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA TREASURER' S . .. ....-- -------- m3 ....... Shari L . Freidenrich , CPA, CCMT , CMFA November 3, 2003 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Objectives • Safety • Liquidity • Yield Slide 2 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA First Objective - Safety Investments Percentages By Quality Ratings AA AAA up , 53°/ 14% o ...\ / F of Rated Slide 3 33% Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Percentages By Type of Investment jN Federal Agencies Comm. 43 /0 PaperNO 15% y s /� 1 Fed. Ag / Disc j e Treasury Securities Slide 4 1 % Mediu Notes LAW 6% 33% Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Balances Trends Annualized Average Daily Portfolio Balance (in millions) $120 $110 $ \N '1 - a $90 $80 $70 w $60 m , y ; a $50 � IF / $40 Sep-99 Sep-00 Sep-01 Sep-02 Sep-03 Slide 5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Second Objective - Liquidity� Investment Maturities by Days, Ending September 2002/2003 El 1 Day 40% 32% 33% E 2-180 Days E1 .5 - 1Yr. 30% ° 0 21% 1 6 /0 20 /0 01 - 1 .5 Yr. 0 13% 15% 12% " 20 /0 1 .5 2 Yr. 7% 1:10 2 - 3 Yr. 10% F 1 yEM 3 - 4Yr. y h i 4 - 5Yr. ° 4% 0 1% 10 o Slide 6 2002 2003 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $%000,000 $3,6671340 $7,5007000 $2,712,395 $5,000,000 $2 500 000 �6 9 h. RIP rl ... '. $0 9 ($215007000) ($2305997) 900 ($530007000) ($316451 651 ) ($31216,086) ($7,5007000) ($4,279,266) ($1070009000) Oct-03 Nov-03 Dec-03 Jan-04 Feb-04 Mar-04 Slide 7 'A'011 \ R /o 3'. Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Third 0 ective - Yield Annual Interest Earnings on Portfolio $8,000,000 lm $6,000,000 $4,000,000 y�Y I $2,000,000 > 9 � y i $0 Sep-99 Sep-00 Sep-01 Sep-02 Sep-03 Slide 8 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Yields Trends ,, �, I'll RT iguil NMI! 8.00% - 560% 5.94% 6.30% 7.00% - 5.22% 5.95% 6.00% - 4 5.00% .44% 5 6 u/6 3.17% 4.00% 2.74% " K 1 .65% "a" 3.00% Me 2.00% MW 1 .00% .............. M W/2 0.00% Sep-99 Sep-00 Sep-01 Sep-02 Sep-03 Slide 9 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Summary of Investment by City Fund September 30, 2003 $6647518 - $1;2,852,346 $1174567133 $3,9357399) �. ti yreneral $20 706 587 y i A � bx � S❑ IC@ y a hn't'\roirISG y° \ 3 y j ❑x� t�l'C11� Sv$ `1/1hl w Mall Specrafy AGount �❑ FiducM� ;; 17 237 198 s specs evenue > > yF $5277373494 w 9 ($18,350) ($57458,171 ) Treasurer's Report - Shari L: Freidenrich, CPA, CCMT, CMFA Summary • Recommendation to City Council Slide 11 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: September 2003 Investment Summary Report COUNCIL MEETING DATE: November 3, 2003 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Approved as to form by City Attorney Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over$5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial t Not Applicable s.. mEXPLANATlON FOR MIS.SINO ATTACHMENTS FORETURNE DE:REVIEWED D: Administrative Staff Assistant City Administrator Initial City Administrator (Initial) City Clerk EXPLANATION FOR- RETURN OF ITEM.: Only)(Below Space For City Clerk's Use RCA Author: r4 kx- Council/Agency Meeting Held: Deferred/Continued to: pproved ❑ Conditionally Approved ❑ Denied , Ci lerk's S nature // Council Meeting Date: October 20, 2003 Department ID Number: CT 04-01 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION CE w - �E SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS CD-,-t:: SUBMITTED BY: SHARI L. FREIDENRICH, City Treasim D >,,�; PREPARED BY: SHARI L. FREIDENRICH, City Treas y' r SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S AUGUST 2003==l D INVESTMENT SUMMARY REPORT Statement ofissue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for August 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for August 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's • - Number No. Description 1. Monthly Investment Report and Summary of Investments for August 2003. 2. Schedule of Bond Investments 3. Deferrer! Compensation Plan Summary Information 4. August 2003 PowerPoint Presentation C-3� Monthly Investment Report and Summary of Investments for August 2003 Attachment 1 f City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation. Activity for August, 2003 City Investment Portfolio: July August Inc./(Dec.) End of month City Portfolio Balance $112,297,084 $108,107,400 ($4,189,685) End of month General Fund Balance $13,282,220 $12,048,050 ($1,234,169) Earned Interest Yield Average 2.29% 2.66% 0.37% Average Maturity ( in days) 538 536 -2 End of Month Market Value $112,540,977 $108,190,985 ($4,349,992) End of month bank cash balance $3,142,008 $2,559,921 ($582,087) Bond Proceeds Investments: July August Inc./(Dec.) End of Month Bond Reserve Par Value $27,468,151 $27,229,647 ($238,504) End of Month Bond Reserve Market Value $27,468,151 $27,229,647 ($238,504) Deferred Compensation Investments:* 3/31/2003 6/30/2003 Inc./(Dec.) Participant Balances $52,953,682 $57,197,917 $4,244,235 Comparison to Budget/ City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $300,000 $244,364 ($55,636) Interest Earned Year to Date $3,300,000 $3,090,762 ($209,238) Earned Interest Yield Year to Date 4.00% 3.21% -0.79% *Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. August % of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $43,361,780 40% None 1244 3.81% Local Agency Inv. Fund (LAIF) $40,989,062 38% $40 million (1) 1 1.63% Medium Term Notes $6,477,523 6% 20% 500 5.93% Disc. Commercial Paper $11,285,611 10% 25% 44 1.06% Disc. Federal Agy Issues $5,993,424 6% None 37 1.07% $108,107,400 100% (1) See certification on Portfolio Summary page. 0 City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary August 31, 2003 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 43,355,000.00 43,168,000.05 43,361,779.78 40.11 1,649 1,244 3.758 3.810 Local Agency Investment Funds 40,989,062.15 40,989,062.15 40,989,062.15 37.92 1 1 1.610 1.632 Medium Term Notes 6,481,000.00 6,754,340.75 6,477,523.09 5.99 1,513 500 5.847 5.928 Commercial Paper Disc.-Amortizing 11,300,000.00 11,285,782.00 11,285,611.34 10.44 69 44 1.044 1.059 Federal Agency Disc.-Amortizing 6,000,000.00 5,993,800.00 5,993,423.34 5.54 131 37 1.057 1.072 Investments 108,125,062.15 108,190,984.95 108,107,399.70 100.00% 767 536 2.636 2.672 Total Earnings August 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 244,363.54 3,090,762.21 Current Budget 300,000.00 3,300,000.00 3,600,000.00 Last Year Actual 347,485.09 4,483,057.77 4,812,507.05 Average Daily Balance 108,011,271.13 104,896,064.40 Effective Rate of Return 2.66% 3.21% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy filed with the City Council on Dec. 16, 2002 except one investment policy guideline that was temporarily exceeded on one business day. I believe it did not cause any material impact of a negative nature to the portfolio. A purchase of $1,000,000 in the Local Agency Investment Pool(LAIF)on August 29 increased holdings in LAIF to$40,989,062 exceeding the Investment Policy limit of$40,000,000. On September 2,the next business day,a withdrawal of$1,000,000 was made bringing the LAIF investment back into compliance with the Investment Policy. LAW guidelines would allow up to$80,000,000 in this investment. A copy of this investment policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. SHA FREI E ICH,CITY TREASURER Portfolio CITY AP Run Date:10/06/2003-17:13 PM(PRF PM1)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments August 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1,993,760.00 2,000,000.00 2.730 AAA 2.730 1,123 09/28/2006 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,001.560.00 999,912.77 5.125 AAA 5.380 14 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,000,000.00 1,000,001.91 5.630 AAA 5.546 1 09/02/2003 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,028,760.00 2,000,000.00 6.330 AAA 6.330 833 12/12/2005 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,001,880.00 1,000,000.00 5.250 AAA 5.250 1,114 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,002,810.00 1,000,000.00 5.000 AAA 5.000 756 09/26/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1,007,810.00 1,000,000.00 4.540 AAA 4.540 819 11/28/2005 3133MRHY1 3120 Federal Home Loan Bank 12/20/2002 1,355,000.00 1,355,420.05 1,371,160.87 4.250 AAA 3.920 1,465 09/05/2007 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,939,380.00 2,000,000.00 3.020 AAA 3.020 1,680 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,960,620.00 2,000,000.00 2.400 AAA 2.400 1,292 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,958,120.00 2,000,000.00 2.270 AAA 2.270 1,240 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,947,500.00 2,000,000.00 3.320 AAA 3.320 1,792 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,915,000.00 2,000,000.00 2.900 AAA 2.900 1,793 07/29/2008 31292SA34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000,00 2,033,760.00 1,997,445.24 4.500 AAA 4.537 1,421 07/23/2007 31292561.19 3106 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,001,880.00 1,999,137.73 2.875 AAA 2.897 756 09/26/2005 3128XOU72 3135 Federal Home Loan Mort Corp 03/26/2003 2,000,000.00 1,961,320.00 2,000.000.00 3.400 AAA 3.400 1,668 03/26/2008 3128XOU80 3137 Federal Home Loan Mort Corp 04/02/2003 2,000,000.00 1,996,200.00 2,000,000.00 3.000 AAA 3.000 1,309 04/02/2007 3128X1 RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,930,040.00 2,000,000.00 3.000 AAA 3.000 1,786 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,951,380.00 2,000,000.00 3.000 AAA 3.000 1,605 01/23/2008 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,025,380.00 1,000,000.00 5.910 AAA 5.909 200 03/19/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,032,900.00 997,927.93 6.000 AAA 6.343 259 05/17/2004 31364K5LO 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,023,440.00 1,000,000.00 5.550 AAA 5.550 927 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,022,810.00 1,000.000.00 5.300 AAA 5.300 940 03/29/2006 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,051,560.00 1,000,000.00 5.010 AAA 5.010 1,262 02/14/2007 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,060,000.00 1,000,000.00 5.350 AAA 5.350 1,319 04/12/2007 3136F2A99 3124 Fed.Nat'l Mort.Assoc. 12/30/2002 1,000,000.00 1,004,690.00 1,000,000.00 3.000 AAA 3.000 1,033 06/30/2006 3136F21-97 3131 Fed.Nat'l Mort.Assoc. 01/30/2003 2,000,000.00 2,016,260.00 2,000,000.00 4.000 AAA 4.000 1,612 01/30/2008 31359MSC8 3148 Fed.Nat'l Mort.Assoc. 06/04/2003 2,000,000.00 1,943,760.00 1,996,193.33 2.000 AAA 2.042 1,738 06/04/2008 Subtotal and Average 44,135,883.20 43,355,000.00 43,168,000.05 43,361,779.78 3.810 1,244 Local Agency Investment Funds SYS982 982 Laif City 19.991,360.53 19,991,360.53 19,991,360.53 1.632 NR 1.632 1 SYS2206 2206 LAIF-Redevelopment Agency 20.997,701.62 20,997,701.62 20,997,701.62 1.632 NR 1.632 1 Subtotal and Average 38,037,449.25 40,989,062.15 40,989,062.15 40,989,062.15 1.632 1 Portfolio CITY AP Run Date:10/06/2003-14:17 PM(PRF_PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments August 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Treasury Securities-Coupon Subtotal and Average 451,599.93 Medium Term Notes 02687013133 3129 American Int'I Group(AIG) 01/06/2003 1.000,000.00 1,009,080.00 1,005,588.61 2.850 Aaa 2.590 822 12/01/2005 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,017,760.00 998,914.66 5.400 Aaa 5.700 154 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 519,840.75 476,019.24 6.250 Aa1 6.800 822 12/01/2005 36962GUA 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,009,330.00 1.000,306.54 6.810 Aaa 6.610 63 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,081,330.00 999,300.89 7.500 Aa3 7.559 529 02/11/2005 17296713177 3013 Citigroup 05/10/2001 1,000,000.00 1,074,670.00 998,961.02 5.750 Aa1 5.795 982 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,042,330.00 998,432.13 6.700 Al 6.920 294 06/21/2004 Subtotal and Average 6,477,392.37 6,481,000.00 6,754,340.75 6,477,523.09 5.928 500 Commercial Paper Disc.-Amortizing 02581SXQ9 3157 American Express 06/27/2003 2,000,000.00 1.996,960.00 1,997,055.56 1.000 A1P1 1.017 53 10/24/2003 02581SW80 3167 American Express 07/10/2003 2,000.000.00 1,999,660.00 1,999,603.33 1.020 A1131 1.036 7 09/08/2003 36959JY72 3169 General Electric Capital Corp 08/20/2003 2,000,000.00 1,996.080.00 1,996,017.22 1.070 Aaa 1.087 67 11/07/2003 36959JY72 3177 General Electric Capital Corp 08/29/2003 2,000,000.00 1,996,080.00 1,996,091.67 1.050 Aaa 1.067 67 11/07/2003 81989DX92 3172 Sharp Electronics Corp. 08/28/2003 2,000,000.00 1,997,860.00 1,997,762.23 1.060 P-1 1.076 38 10/09/2003 91411UWR2 3176 University of California UCI 08/29/2003 1,300,000.00 1,299,142.00 1,299,081.33 1.060 A1+ 1.076 24 09/25/2003 Subtotal and Average 8,730,513.41 11,300,000.00 11,285,782.00 11,285,611.34 1.059 44 Federal Agency Disc.-Amortizing 313384131-7 3153 Federal Home Loan Bank 05/21/2003 2,000,000.00 1,995,600.00 1,995,216.11 1.090 AAA 1.111 79 11/19/2003 313396LQ4 3154 Federal Home Loan Mort Corp 05/21/2003 2,000,000.00 1,999,400.00 1,999,315.56 1.120 AAA 1.140 11 09/12/2003 313396MA8 3156 Federal Home Loan Mort Corp 06/16/2003 2,000,000.00 1,998,800.00 1,998,891.67 0.950 AAA 0.966 21 09/22/2003 Subtotal and Average 8,437,220.89 6,000,000.00 5,993,800.00 5,993,423.34 1.072 37 Treasury Discounts-Amortizing Subtotal and Average 1,741,212.10 Total and Average 108,011,271.13 108,125,062.15 108,190,984.95 108,107,399.70 2.672 536 Portfolio CITY AP Run Date:10/06/2003-14:17 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Activity By Type August 1, 2003 through August 31, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3136171MR8 3066 Fed.Nat'l Mort.Assoc. 4.350 08/25/2003 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 43,361,779.78 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.632 3,000,000.00 0.00 SYS2206 2206 LAIF-Redevelopment Agency 1.632 8,000,000.00 0.00 Subtotal 11,000,000.00 0.00 40,989,062.15 Treasury Securities-Coupon 9128274N9 2896 United States Treasury Note 5.250 08/15/2003 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 0.00 Medium Term Notes Subtotal 6,477,523.09 Commercial Paper Disc.-Amortizing 36959JV18 3142 General Electric Capital Corp 1.200 08/01/2003 0.00 2,000,000.00 36959JY72 3169 General Electric Capital Corp 1.070 08/20/2003 1,995,303.89 0.00 36959JY72 3177 General Electric Capital Corp 1.050 08/29/2003 1,995,916.67 0.00 61745BV46 3161 Morgan Stanley Dean Witter 1.030 08/04/2003 0.00 2,000,000.00 61745BVBO 3162 Morgan Stanley Dean Witter 1.030 08/11/2003 0.00 2,000,000.00 71708FVJ8 3160 Pfizer,Inc. 1.000 08/18/2003 0.00 2,000,000.00 17307KV14 3150 CITIGROUP Global 1.190 08/01/2003 0.00 2,000,000.00 17307KV48 3151 CITIGROUP Global 1.190 08/04/2003 0.00 1,000,000.00 819890VN3 3168 Sharp Electronics Corp. 1.040 08/22/2003 0.00 2,000,000.00 81989DX92 3172 Sharp Electronics Corp. 1.060 08/28/2003 1,997,526.67 0.00 91411 UWR2 3176 University of California UCI 1.060 08/29/2003 1,298,966.50 0.00 Subtotal 7,287,713.73 13,000,000.00 11,285,611.34 Federal Agency Disc.-Amortizing 313396KK8 3152 Federal Home Loan Mort Corp 1.140 08/14/2003 0.00 2,000,000.00 '313396LA9 3155 Federal Home Loan Mort Corp 0.979 08/29/2003 0.00 1,495,000.00 313396KAO 3166 Federal Home Loan Mort Corp 0.990 08/05/2003 0.00 2,000,000.00 Subtotal 0.00 5,495,000.00 5,993,423.34 Portfolio CITY AP Run Date:10/06/2003-14:17 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 5 Activity By Type August -i, 2003 thltuuyhl Arry..s. „., qnnA Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Treasury Discounts-Amortizing 912795NK3 3143 US Treasury Bill 1.150 08/28/2003 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 0.00 Total 18,287,713.73 22,495,000.00 108,107,399.70 Portfolio CITY AP Run Date:10/06/2003-14:17 PM(PRF_PM3)SyrnRept V6.21 City of HB Portfolio Management Page 6 Activity Summary August 2002 through August 2003 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity August 2002 66 101,881,721.88 4.001 4.057 2.594 4 7 858 508 September 2002 62 99,320,920.60 3.902 3.956 2.604 7 11 843 519 October 2002 55 96,564,576.04 3.871 3.924 2.604 1 7 820 497 November 2002 55 93,727,818.76 3.644 3.695 2.301 7 7 830 508 December 2002 58 101,252,496.49 3.462 3.510 2.201 11 8 810 527 January 2003 58 107,056,629.59 3.517 3.566 2.103 6 6 892 618 February 2003 54 103,784,689.45 3.526 3.575 1.945 2 6 923 625 March 2003 53 100,384,000.65 3.405 3.452 1.904 4 5 902 609 April 2003 55 103,958,406.14 3.267 3.313 1.858 6 4 894 611 May 2003 54 108,068,072.78 2.939 2.980 1.769 7 8 758 491 June 2003 55 114,509,461.61 2.740 2.778 1.697 7 6 738 503 July 2003 55 116,351,329.91 2.600 2.636 1.653 10 10 772 538 August 2003 46 108,011,271.13 2.636 2.672 1.632 4 13 767 536 Average 56 104,237,733.76 3.347% 3.393% 2.067 6 8 831 545 Portfolio CITY AP Run Date:10/06/2003-14:17 PM(PRF_PM4)SyrnRept V6.21 Report Ver.5.00 e 1 City of HB { Portfolio Management Page 7 Distribution of Investments By Type August 2002 through August 2003 i August September October November December January February March April May June July August Average Security Type 2002 2002 2002 2002 2002 2003 2003 2003 2003 2003 2003 2003 2003 by Period I Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 47.9 47.2 46.3 46.4 46.8 51.3 50.9 49.8 51.5 41.0 39.0 39.5 40.1 46.0% Local Agency Investment Funds 28.6 33.4 38.6 34.3 32.8 33.0 36.7 37.0 34.1 34.1 33.5 26.7 37.9 33.9% Treasury Securities-Coupon 2.0 2.0 2.1 2.1 1.9 1.9 2.0 2.0 1.9 1.8 0.9 0.9 1.7% Medium Term Notes 8.6 7.5 6.8 6.8 6.2 7.1 7.5 7.3 7.0 6.8 6.4 5.8 6.0 6.9% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 3.1 2.0 2.1 6.3 10.5 6.6 3.0 3.9 3.7 10.9 10.3 15.1 10.4 6.8% Federal Agency Disc. -Amortizing 9.8 5.0 2.1 2.1 1.9 3.6 8.2 10.2 5.5 3.7% Treasury Discounts-Amortizing 3.0 2.1 2.1 1.9 1.8 1.7 1.8 1.1% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements I Portfolio CITY AP Run Date:10/06/2003-14:17 PM(PRF_PM5)SyrnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 8/31/03 Carrying CostPlusa = g Description Accrued InterestaPurch: FaValue Accrued�lnterest United States Treasury: Bills $ 1,393,854,361.76 $ 1,396,595,000.00 NA Notes $ 8,091,514,106.88 $ 8,118,124,250.00 $ 68,611,702.25 Federal Agency: SBA $ 451,561,486.54 $ 448,154,948.37 $ 1,064,412.87 MBS $ 637,033,701.97 $ 618,104,594.44 $ 2,952,289.01 Bonds $ 3,563,984,597.64 $ 3,566,278,125.00 $ 29,495,763.54 Floaters $ - $ - $ - Discount Notes $ 7,425,668,606.11 $ 7,438,708,968.80 NA FHLMC PC $ 4,555,078.10 $ 4,953,684.06 $ 73,238.66 GNMA $ 550,958.50 $ 628,328.28 $ 5,477.16 Bankers Acceptances $ - $ - NA Bank Notes $ 299,990,478.56 $ 299,978,733.00 $ 435,555.56 CDs $ 6,230,032,007.94 $ 6,228,909,431.00 $ 10,714,429.15 Commercial Paper $ 8,527,533,592.10 $ 8,540,746,762.42 NA Corporate: Floaters $ 293,755,017.97 $ 293,676,250.00 $ 431,906.08 Bonds $ 1,889,522,719.34 $ 1,907,475,964.62 $ 26,998,936.64 Repurchase Agreements $ - $ - NA Reverse Repurchase $ 597,750,000.00 $ 397,750,000.00 $ 284,510.42 Time Deposits $ 5,728,595,000.00 $ 5,728,595,000.00 NA AB 55& GF Loans $ 7,283,708,733.86 $ 7,283,708,733.86 NA TOTAL $ 51,424,110,447.27 $ 51,476,888,773.85 $ 140,499,200.50 Fair Value Including Accrued Interest $ 51,617,387,974.35 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of August 31,2003 Summary of investments by type Market Value Market Value Par Value Investment Type as of 07/31/03 as of 08/31/03 $1,463,925 Local Agency Investment Fund(LAIF) $1,463,925 $1,463,925 $18,072,086 investment Agreements $18,072,086 $18,072,086 $7,342,391 Money Market Funds $7,580,896 $7,342,392 $351,244 US Treasury Securities $351,244 $351,244 $27,229,647 $27,468,151 $27,229,647 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 07/31/03 as of 08/31/03 $1,720,681 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,749,849 $1,720,681 $789,298 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $740,155 $789,298 $15,315,682 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $14,043,387 $15,315,682 $2,653,781 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $4,625,429 $2,653,781 $2,018,473 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,969,853 $2,018,473 $2,772,732 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase I) $1,815,825 $2,772,732 $753,097 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $1,277,484 $753,097 $884,871 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $884,864 $884,871 $206,765 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $199,311 $206,765 $0 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $47,658 $0 $114,266 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $114,335 $114,266 $27,229,647 $27,468,151 $27,229,647 Deferred Compensation Plan Summary Information Attachment 3 i City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2003 Beginning Distributions/ Balance Contributions/ Transfers/ Earnings Ending Balance (3-31-03) Transfers Payments (change in value) Other (6-30-03) ICMA Retirement Corporation (457 Plan) $14,114,084 $349,108 ($116,181) $1,214,921 $2,075 $15,564,007 ICMA Retirement Corporation (401 Plan) $213,668 $15,709 $0 $15,917 $0 $245,294 Nationwide Retirement Solutions (457 Plan) $38,289,225 $799,091 ($418,081) $2,381,726 ($50) $41,051,912 Trust Deeds $336,704 $0 $0 $0 $0 $336,704 Total Deferred Compensation Plan Balances $52,953,682 $1,163,908 ($534,262) $3,612,564 $2,025 $57,197,917 August 2003 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA August Report �W. Iv JL �g Shari L . Freidenrich , CPA, CCMT , CFMA October 20, 2003 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA August 2003 Investment Summary ( in millions) Financial Information: July August Inc./(Dec.) End of Month City Portfolio $112.297 $108.107 ($4.190) End of Month General Fund Balance $13.282 $12.048 ($1 .234) End of Month Market Value $112.541 $108.191 ($4.350) Interest Earned for Month $0.226 $0.244 $0.018 Earned Interest Yield Year to Date 3.27% 3.21% -0.06% Average Maturity ( in days) 538 536 (2) YTD Average Daily Balance $104.578 $104.896 $0.318 Summary by Type: August % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $43.362 40% None 1244 3.81% LAIF (State Pool) $40.989 38% $40 million 1 1 .63% Medium Term Notes $6.477 6% 20% 500 5.93% Discount Comm. Paper $11 .286 10% 25% 44 1 .06% Discount Federal Agy $5.993 6% None 37 1 .07% Total $108.107 100% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: August 2003 Investment Summary Report COUNCIL MEETING DATE: October 20, 2003 RCA ATTACHMENTS STATUS Ord inance'(w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attome Not Applicable Subleases, Third Party Agreements, etc. Approved as to form by City Attome Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over$5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff Assistant City Administrator Initial City Administrator (Initial) City Clerk G_3 EXPLANATION FOR RETURN OF ITEM: Only)(Below Space For City Clerk's Use RCA Author: Council/Agency Meeting Held: = a 3 Deferred/Continued to: Approved El Conditionally Approved ❑ Denied City Clerk's Sig re Council Meeting Date: September 15, 2003 Department ID Number: CT 03-17 �- CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS o SUBMITTED BY: SHARI L. FREIDENRICH, City Treas ,� q C-) fn_y�Z. PREPARED BY: SHARI L. FREIDENRICH, City Treasur —�-<' SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JULY 2003 7() INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for July 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for July 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for July 2003. 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. July 2003 Powe\int Presentation Monthly Investment Report and Summary of Investments for July 2003 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for July, 2003 City Investment Portfolio: June July Inc./(Dec.) End of month City Portfolio Balance $116,260,708 $112,297,084 ($3,963,623) End of month General Fund Balance $16,429,786 $13,282,220 ($3,147,566) Earned Interest Yield Average 2.84% 2.29% -0.55% Average Maturity ( in days) 503 538 35 End of Month Market Value $117,239,409 $112,540,977 ($4,698,432) End of month bank cash balance $6,157,673 $3,142,008 ($3,015,665) Bond Proceeds Investments:* May June Inc./(Dec.) End of Month Bond Reserve Par Value $27,894,597 $24,608,305 ($3,286,292) End of Month Bond Reserve Market Value $27,894,597 $24,608,305 ($3,286,292) Deferred Compensation Investments:** 3/31/2003 7/31/2003 Inc./(Dec.) Participant Balances $52,953,682 $57,197,917 $4,244,235 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $300,000 $225,943 ($74,057) Interest Earned Year to Date $3,000,000 $2,846,399 ($153,601) Earned Interest Yield Year to Date 4.00% 3.27% -0.73% 'Bond Proceeds Statements lag by one month. "Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. July % of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $44,361,587 39% None 1263 3.82% Local Agency Inv. Fund (LAIF) $29,989,062 27% $40 million 1 1.65% U.S. Treasury Notes - Coupon $999,938 1% None 14 5.43% Medium Term Notes $6,477,244 6% 20% 531 5.93% Disc. Commercial Paper $16,990,179 15% 25% 21 1.09% Disc. Federal Agy Issues $11,480,799 10% None 42 1.07% U.S. Treasury Notes - Discount $1,998,275 2% None 27 1.17% $112,297,084 100% O �� City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary July 31, 2003 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 44,355,000.00 44,299,700.50 44,361,587.09 39.50 1,641 1,263 3.770 3.822 Local Agency Investment Funds 29,989,062.15 29,989,062.15 29,989,062.15 26.71 1 1 1.630 1.653 Treasury Securities-Coupon 1,000,000.00 1,001,600.00 999,938.10 0.89 1,555 14 5.356 5.431 Medium Term Notes 6,481,000.00 6,780,510.30 6,477,243.62 5.77 1,513 531 5.847 5.928 Commercial Paper Disc.-Amortizing 17,000,000.00 16,989,900.00 16,990,179.17 15.13 68 21 1.073 1.088 Federal Agency Disc.-Amortizing 11,495,000.00 11,481,604.00 11,480,799.08 10.22 97 42 1.051 1.065 Treasury Discounts-Amortizing 2,000,000.00 1,998,600.00 1,998,275.00 1.78 133 27 1.155 1.171 Investments 112,320,062.15 112,540,976.95 112,297,084.21 100.00% 772 538 2.600 2.636 Total Earnings July 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 225,942.96 2,846,398.67 Current Budget 300,000.00 3,000,000.00 3,600,000.00 Last Year Actual 375,842.25 4,135,572.68 4,812,507.05 Average Daily Balance 116,351,329.91 104,578,395.29 Effective Rate of Return 2.29% 3.27% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 16,2002. 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 provide by Union Bank via Merrill Lynch and J.J.Kenney pricing services. 9-Z-d SHA R IDEN IC ,CITY TREASURER Portfolio CITY AP Run Date:06/21/2003-08:30 PM(PRF_PM1)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments July 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 1.995,000.00 2,000,000.00 2.730 AAA 2.730 1,154 09/28/2006 3133M5QB9 2B74 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,005,000.00 999,725.86 5.125 AAA 5.380 45 09/15/2003 3133MSJ92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1.003,800.00 1,000,059.23 5.630 AAA 5.546 32 09/02/2003 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,036,800.00 2,000,000.00 6.330 AAA 6.330 864 12/12/2005 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,005,000.00 1,000.000.00 5.250 AAA 5.250 1,145 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,006,600.00 1,000,000.00 5.000 AAA 5.000 787 09/26/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1,010,300.00 1,000,000.00 4.540 AAA 4.540 850 11/28/2005 3133MRHY1 3120 Federal Home Loan Bank 12/20/2002 1,355,000.00 1,359,200.50 1,371,496.63 4.250 AAA 3.920 1,496 09/05/2007 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,952,600.00 2,000,000.00 3.020 AAA 3.020 1,711 04/07/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 1,956,200.00 2,000,000.00 2.400 AAA 2.400 1,323 03/16/2007 31339YH54 3159 Federal Home Loan Bank 07/23/2003 2,000,000.00 1,955,600.00 2,000,000.00 2.270 AAA 2.270 1,271 01/23/2007 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,959,400.00 2,000,000.00 3.320 AAA 3.320 1,823 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1.928,200.00 2,000,000.00 2.900 AAA 2.900 1,824 07/29/2008 312925/A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,068,200.00 1,997,390.58 4.500 AAA 4.537 1,452 07/23/2007 31292561.19 3106 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,004,400.00 1,999,103.01 2.875 AAA 2.897 787 09/26/2005 3128XOU72 3135 Federal Home Loan Mort Corp 03/26/2003 2,000,000.00 1,974,400.00 2,000,000.00 3.400 AAA 3.400 1,699 03/26/2008 3128XOU80 3137 Federal Home Loan Mort Corp 04/02/2003 2,000,000.00 1,994,000.00 2,000,000.00 3.000 AAA 3.000 1,340 04/02/2007 ED0402708 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,933,800.00 2,000,000.00 3.000 AAA 3.000 1,817 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,958,400.00 2,000,000.00 3.000 AAA 3.000 1,636 01/23/2008 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,029,900.00 1,000,000.00 5.910 AAA 5.909 231 03/19/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,037,700.00 997,685.11 6.000 AAA 6.343 290 05/17/2004 31364K5LO 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,026,300.00 1,000,000.00 5.550 AAA 5.550 958 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,025,000.00 1,000,000.00 5.300 AAA 5.300 971 03/29/2006 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,050,000.00 1,000,000.00 5.010 AAA 5.010 1,293 02/14/2007 3136F1MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,002,200.00 1,000,000.00 4.350 AAA 4.350 755 08/25/2005 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,059,100.00 1,000,000.00 5.350 AAA 5.350 1,350 04/12/2007 3136F2499 3124 Fed.Nat'l Mort.Assoc. 12/30/2002 1,000,000.00 1,005,000.00 1.000,000.00 3.000 AAA 3.000 1,064 06/30/2006 3136F21-97 3131 Fed.Nat'l Mort.Assoc. 01/30/2003 2,000,000.00 2,018,200.00 2,000,000.00 4.000 AAA 4.000 1,643 01/30/2008 31359MSC8 3148 Fed.Nat'l Mort.Assoc. 06/04/2003 2,000,000.00 1,939,400.00 1,996,126.67 2.000 AAA 2.042 1,769 06/04/2008 Subtotal and Average 41,276,117.22 44,355,000.00 44,299,700.50 44,361,587.09 3.822 1,263 Local,Agency Investment Funds SYS982 982 Laif City 16,991,360.53 16,991,360.53 16,991,360.53 1.653 NR 1.653 1 SYS2206 2206 LAIF-Redevelopment Agency 12,997,701.62 12,997,701.62 12,997,701.62 1.653 NR 1.653 1 Subtotal and Average 39,010,662.38 29,999,062.15 29,989,062.15 29,989,062.15 1.653 1 Portfolio CITY AP Run Date:08/21/2003-08:30 PM(PRF_PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments July 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Treasury Securities-Coupon 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,001,600.00 999,938.10 5.250 AAA 5.431 14 08/15/2003 Subtotal and Average 999,871.78 1,000,000.00 1,001,600.00 999,938.10 5.431 14 Medium Term Notes 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 1,009,600.00 1,005,795.60 2.850 Aaa 2.590 853 12/01/2005 06651PAA1 2872 Bank United 02/17/1999 1,000,000.00 1,021,300.00 998,699.03 5.400 Aaa 5.700 185 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 522,510.30 475,834.77 6.250 Aal 6.800 853 12/01/2005 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,013,900.00 1.000,454.87 6.810 Aaa 6.610 94 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,085,300.00 999,260.56 7.500 Aa3 7.559 560 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1.000,000.00 1,080,500.00 998,928.85 5.750 Aal 5.795 1,013 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,047,400.00 998,269.94 6.700 Al 6.920 325 06/21/2004 Subtotal and Average 7,186,724.97 6,481,000.00 6,780,510.30 6,477,243.62 5.928 531 Commercial Paper Disc.-Amortizing 02581SXQ9 3157 American Express 06/27/2003 2,000,000.00 1,995,200.00 1,995,333.33 1.000 A1P1 1.017 84 10/24/2003 02581SW80 3167 American Express 07/10/2003 2,000,000.00 1,997,800.00 1,997,846.67 1.020 A1P1 1.036 38 09/08/2003 36959JV18 3142 General Electric Capital Corp 03/24/2003 2,000,000.00 2,000,000.00 2,000,000.00 1.200 Aaa 1.222 0 08/01/2003 61745BV46 3161 Morgan Stanley Dean Witter 07/02/2003 2,000,000.00 1,999,800.00 1,999,828.33 1.030 Aa3 1.045 3 08/04/2003 61745BVBO 3162 Morgan Stanley Dean Witter 07/02/2003 2,000,000.00 1,999,400.00 1,999,427.78 1.030 Aa3 1.046 10 08/11/2003 71708FVJ8 3160 Pfizer,Inc. 06/30/2003 2,000,000.00 1,999,000.00 1,999,055.56 1.000 A1+ 1.015 17 08/18/2003 17307KV14 3150 CITIGROUP Global 05/21/2003 2,000,000.00 2,000,000.00 2,000,000.00 1.190 A1+ 1.209 0 08/01/2003 17307KV48 3151 CITIGROUP Global 05/21/2003 1,000,000.00 999,900.00 999,900.83 1.190 A1+ 1.210 3 08/04/2003 81989DVN3 3168 Sharp Electronics Corp. 07/18/2003 2,000,000.00 1,998,800.00 1,998,786.67 1.040 P-1 1.056 21 08/22/2003 Subtotal and Average 15,985,022.30 17,000,000.00 16,989,900.00 16,990,179.17 1.088 21 Federal Agency Disc.-Amortizing 313384131-7 3153 Federal Home Loan Bank 05/21/2003 2,000,000.00 1,994,200.00 1,993,338.89 1.090 AAA 1.111 110 11/19/2003 313396KK8 3152 Federal Home Loan Mort Corp 05/21/2003 2,000,000.00 1,999.200.00 1,999,176.67 1.140 AAA 1.159 13 08/14/2003 313396LQ4 3154 Federal Home Loan Mort Corp 05/21/2003 2,000,000.00 1,997,600.00 1,997,386.67 1.120 AAA 1.140 42 09/12/2003 313396LA9 3155 Federal Home Loan Mort Corp 06/16/2003 1,495,000.00 1,493,804.00 1,493,861.29 0.979 AAA 0.995 28 08/29/2003 313396MA8 3156 Federal Home Loan Mort Corp 06/16/2003 2,000,000.00 1,997,000.00 1,997,255.56 0.950 AAA 0.966 52 09/22/2003 313396KAO 3166 Federal Home Loan Mort Corp 07/10/2003 2,000,000.00 1,999,800.00 1,999,780.00 0.990 AAA 1.004 4 08/05/2003 Subtotal and Average 10,895,614.58 11,495,000.00 11,481,604.00 11,480,799.08 1.065 42 Portfolio CITY AP Run Date:08/21/2003-08:30 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments July 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Treasury Discounts-Amortizing 912795NK3 3143 US Treasury Bill 04/17/2003 2,000,000.00 1,998,600.00 1,998,275.00 1.150 AAA 1.171 27 08/28/2003 Subtotal and Average 1,997,316.67 2,000,000.00 1,998,600.00 1,998,276.00 1.171 27 Total and Average 116,351,329.91 112,320,062.15 112,640,976.95 112,297,084.21 2.636 538 Portfolio CITY AP Run Date:08/21/2003-08:30 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Activity BY Type e Page 5 July 1, 2003 through July 31, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331QXV4 3140 Federal Farm Credit Bank 2.680 07/03/2003 0.00 2,000,000.00 31331QNFO 3144 Federal Farm Credit Bank 3.000 07/17/2003 0.00 1,754,040.35 31339X4Z4 3147 Federal Home Loan Bank 2.860 07/11/2003 0.00 1,200,000.00 31339YH54 3159 Federal Home Loan Bank 2.270 07/23/2003 2,000,000.00 0.00 31339YJE3 3164 Federal Home Loan Bank 3.320 07/28/2003 2,000,000.00 0.00 31339YNF5 3165 Federal Home Loan Bank 2.900 07/29/2003 2,000,000.00 0.00 312925XS4 3130 Federal Home Loan Mort Corp 5.000 07/11/2003 0.00 2,028,783.44 ED0402708 3158 Federal Home Loan Mort Corp 3.000 07/22/2003 2,000,000.00 0.00 3128X1TF4 3163 Federal Home Loan Mort Corp 3.000 07/23/2003 2,000,000.00 0.00 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 7.300 07/25/2003 0.00 1,000,000.00 3136F2Q76 3132 Fed.Nat'l Mort.Assoc. 3.200 07/28/2003 0.00 2,000,000.00 31359MRES 3139 Fed.Nat'l Mort.Assoc. 2.375 07/03/2003 0.00 999,730.00 Subtotal 10,000,000.00 10,982,563.79 44,361,687.09 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.653 1,240,530.20 3,500,000.00 SYS2206 2206 LAIF-Redevelopment Agency 1.653 1,762,355.01 8,500,000.00 Subtotal 3,002,885.21 12,000,000.00 29,989,062.16 Treasury Securities-Coupon Subtotal 999,938.10 Medium Term Notes 36962GTR5 2974 General Electric Capital Corp 6.267 07/23/2003 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 6,477,243.62 Commercial Paper Disc.-Amortizing 02581SU74 3145 American Express 1.220 07/07/2003 0.00 2,000,000.00 02581SW80 3167 American Express 1.020 07/10/2003 1,996,600.00 0.00 36959JUE1 3146 General Electric Capital Corp 1.240 07/14/2003 0.00 1,000,000.00 61745BV46 3161 Morgan Stanley Dean Witter 1.030 07/02/2003 1,998,111.67 0.00 61745BVBO 3162 Morgan Stanley Dean Witter 1.030 07/02/2003 1,997,711.11 0.00 81989DVN3 3168 Sharp Electronics Corp. 1.040 07/18/2003 1,997,977.78 0.00 Subtotal 7,990,400.66 3,000,000.00 16,990,179.17 Portfolio CITY AP Run Date:08/21/2003-08:30 PM(PRF_PM3)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page s Activity By Type July 1, 2003 through July 31, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Disc.-Amortizing 313396KAO 3166 Federal Home Loan Mort Corp 0.990 07/10/2003 1,998,570.00 0.00 Subtotal 1,998,670.00 0.00 11,480,799.08 Treasury Discounts-Amortizing Subtotal 1,998,276.00 Total 22,991,866.77 26,982,663.79 112,297,084.21 Portfolio CITY AP Run Date:08/21/2003-08:30 PM(PRF PM3)SyrnRept V6.21 City of HB Portfolio Management Page 7 Activity Summary July 2002through July 2003 Yield to Maturity Managed Number Number Month Number of Average 360 366 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity July 2002 69 108,270,068.04 4.070 4.126 2.714 10 14 861 506 August 2002 66 101,881,721.88 4.001 4.057 2.594 4 7 858 508 September 2002 62 99,320,920.60 3.902 3.956 2.604 7 11 843 519 October 2002 55 96,564,576.04 3.871 3.924 2.604 1 7 820 497 November 2002 55 93,727,818.76 3.644 3.695 2.301 7 7 830 508 December 2002 58 101,252,496.49 3.462 3.510 2.201 11 8 810 527 January 2003 58 107,056,629.59 3.517 3.566 2.103 6 6 892 618 February 2003 54 103,784,689.45 3.526 3.575 1.945 2 6 923 625 March 2003 53 100,384,000.65 3.405 3.452 1.904 4 5 902 609 April 2003 55 103,958,406.14 3.267 3.313 1.858 6 4 894 611 May 2003 54 108,068,072.78 2.939 2.980 1.769 7 8 758 491 June 2003 55 114,509,461.61 2.740 2.778 1.697 7 6 738 503 July 2003 55 116,351,329.91 2.600 2.636 1.653 10 10 772 538 Average 58 104,257,993.12 3.457% 3.605% 2.150 6 8 839 643 Portfolio CITY AP Run Date:08/21/2003-08:30 PM(PRF_PM4)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type July 2002 through July 2003 July August September October November December January February March April May June July Average Security Type 2002 2002 2002 2002 2002 2002 2003 2003 2003 2003 2003 2003 2003 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 46.0 47.9 47.2 46.3 46.4 46.8 51.3 50.9 49.8 51.5 41.0 39.0 39.5 46.4% Local Agency Investment Funds 26.5 28.6 33.4 38.6 34.3 32.8 33.0 36.7 37.0 34.1 34.1 33.5 26.7 33.0% Treasury Securities-Coupon 2.9 2.0 2.0 2.1 2.1 1.9 1.9 2.0 2.0 1.9 1.8 0.9 0.9 1.9% Medium Term Notes 8.3 8.6 7.5 6.8 6.8 6.2 7.1 7.5 7.3 7.0 6.8 6.4 5.8 7.1% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 4.9 3.1 2.0 2.1 6.3 10.5 6.6 3.0 3.9 3.7 10.9 12.0 15.1 6.5% Federal Agency Disc.-Amortizing 11.4 9.8 5.0 2.1 2.1 1.9 3.6 6.4 10.2 4.1% Treasury Discounts-Amortizing 3.0 2.1 2.1 1.9 1.8 1.7 1.8 1.1% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:08/21/2003-08:30 PM(PRF_PM5)SyrnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 7/31/03 Carrying Cos#°Plus ¥ a" ¢Desc"ription Accrued Interest° , .,.. , Accrued Interest Purcfi: Fair�Value United States Treasury: Bills $ 1,393,854,361.76 $ 1,395,434,000.00 NA Notes $ 8,342,259,963.76 $ 8,385,413,250.00 $ 72,933,954.75 Federal Agency: SBA $ 439,841,367.80 $ 435,769,516.48 $ 1,040,935.48 MBS $ 697,576,008.80 $ 691,980,987.61 $ 2,450,730.02 Bonds $ 3,736,496,737.96 $ 3,738,864,690.20 $ 39,107,562.29 Floaters $ - $ - $ - Discount Notes $ 8,312,106,317.35 $ 8,321,429,027.60 NA FHLMC PC $ 4,718,635.29 $ 5,127,432.95 $ 75,857.72 GNMA $ 557,311.52 $ 637,457.63 $ 5,540.59 Bankers Acceptances $ - $ - NA Bank Notes $ 100,003,102.56 $ 100,008,003.00 $ 177,333.33 CDs $ 6,280,036,917.31 $ 6,279,100,542.85 $ 8,370,931.96 Commercial Paper $ 9,737,348,153.60 $ 9,750,541,988.29 NA Corporate: Floaters $ 303,752,855.95 $ 303,572,800.00 $ 733,179.44 Bonds $ 1,898,770,821.56 $ 1,921,761,055.33 $ 26,057,330.24 Repurchase Agreements $ 170,000,000.00 $ 170,000,000.00 NA Reverse Repurchase $ 404,586,957.00 $ 404,586,957.00 $ 514,261.78 Time Deposits $ 5,727,095,000.00 $ 5,727,095,000.00 NA AB 55&GF Loans $ 5,161,816,810.05 $ 5,161,816,810.05 NA TOTAL $ 51,901,647,408.27 $ 51,983,965,604.99 $ 150,439,094.04 Fair Value Including Accrued Interest $ 52,134,404,699.03 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). Schedule of Bond Investments Attachment 2 Deferred Compensation Plan Summary Information Attachment 3 19 Schedule of Bond Investments Held by Fiscal Agent as of June 30, 2003 Summary of investments by type Market Value Market Value Par Value Investment Type as of 05/31/03 as of 06/30/03 $1,418,810 Local Agency Investment Fund(LAIF) $4,010,810 $1,418,810 $21,462,953 Investment Agreements $21,462,953 $21,462,953 $1,375,298 Money Market Funds $2,069,590 $1,375,298 $351,244 US Treasury Securities $351,244 $351,244 $24,608,305 $27,894,597 $24,608,305 .694,292 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as"of 05/31/03 as of 06/30/03 $1,770,587 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(1992) $1,722,403 $1,770,587 $731,527 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $732,846 $731,527 $13,684.902 1 luntington Bauch PFA- 2001 Sorlas A(South peach Improvomonts&Contral Park Sports Complox) $17,027,779 $13,684,902 $2,621,160 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,621,159 $2,621,160 $1,968,979 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,970,358 $1,968,979 $1,815,289 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $2,476,089 $1,815,289 $818,922 Redevelopment Agency.of Huntington Beach- 1999 Tax Allocation Refunding Bonds (1992) - $65,349 $818,922 $884,830 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $884,237 $884,830 $197,842 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $197,039 $197,842 $0 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects . $53,537 $0 $114,266 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $114,181 $114,266 $0 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) $29,621 $0 $24,608,305 $27,894,597 $24,608,305 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2003 Beginning Distributions/ Balance Contributions/ Transfers/ Earnings Ending Balance (3-31-03) Transfers Payments (change in value) Other (6-30-03) ICMA Retirement Corporation (457 Plan) $14,114,084 $349,108 ($116,181) $1,214,921 $2,075 - $15,564,007 ICMA Retirement Corporation (401 Plan) $213,668 $15,709 $0 $15,917 $0 $245,294 Nationwide Retirement Solutions (457 Plan) $38,289,225 $799,091 ($418,081) $2,381,726 ($50) $41,051,912 Trust Deeds $336,704 $0 $0 $0 $0 $336,704 Total Deferred Compensation Plan Balances $52,953,682 $1,163,908 ($534,262) $3,612,564 $2,025 $57,197,917 July 2003 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA July Report s � S . ~^ c ` d � r Shari L . Freidenrich , CPA, CCMT, CFMA September 15, 2003 117 --� --� -* �reidenri h_ CPA. . � r�aauiC. # .401JUX _ �h�r'6 !. , . ,..�.. _, _ CCMT, CFMA ;` ✓ July 2003 Investment Summary ( in millions) Financial Information: June July Inc./(Dec.) End of Month City Portfolio $16.260- $112.297 $96.037 End of Month General Fund Balance $16.429 $13.282 ($3.147) End of Month Market Value $117.239 $112.541 ($4.698) Interest Earned for Month $0.267 $0.226 ($0.041) Earned Interest Yield Year to Date 3.39% 3.27% -0.12% Average Maturity ( in days) 503 538 35 YTD Average Daily Balance $103.241 $104.578 $1 .337 Summary by Type: July % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $44.362 39% None 1263 3.82% LAIF (State Pool) $29.989 27% $40 million 1 1 .65% U.S.Treasury Notes $1 .000 1% None 14 5.43% Medium Term Notes $6.477 6% 20% 531 5.93% Discount Comm. Paper $16.990 15% 25% 21 1 .09% Discount Federal Agy $11 .481 10% None 42 1 .07% Discount Treasury Note $1 .998 2% None 27 1 .17% Total $112.297 100% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: July 2003 Investment Summary Report COUNCIL MEETING DATE: September 15, 2003 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attome Not Applicable Subleases, Third Party Agreements, etc. Approved as to form by City Attorne Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement Unbudget, over$5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED. Administrative Staff Assistant City Administrator Initial City Administrator (initial) ( �Lsy City Clerk 3 EXPLANATION FOR RETURN OF ITEM: Only)(Below Space For City Clerk's Use RCA Author: @-Cliff emsurd Council/Agency Meeting Held: ,3 Deferred/Continued to: ,,(,Approved O Conditionally Approved U Denied City Clerk's SiglAture Council Meeting Date: August 4, 2003 Department ID Number: CT 03-17 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION w SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City Treasu '' - Y' PREPARED BY: SHARI L. FREIDENRICH, City Treasur SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JUNE 2003 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for June 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for June 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's Page Number . Description 1. Monthly Investment Report and Summary of Investments for June 2003. 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. June 2003 PowerPoint Presentation C--3 Monthly Investment Report and Summary of Investments for June 2003 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for June, 2003 City Investment Portfolio: May June Inc./(Dec.) End of month City Portfolio Balance $110,373,538 $116,260,708 $5,887,170 End of month General Fund Balance $17,398,754 $16,429,786 ($968,968) Earned Interest Yield Average 2.63% 2.84% 0.21% Average Maturity ( in days) 491 503 12 End of Month Market Value $111,428,038. $117,239,409 $5,811,370 End of month bank cash balance $6,375,399 $6,157,673 ($217,726) Bond Proceeds Investments:* April May Inc./(Dec.) End of Month Bond Reserve Par Value $28,658,746 $27,894,597 ($764,149) End of Month Bond Reserve Market Value $28,658,746 $27,894,597 ($764,149) Deferred Compensation Investments:** 12/31/2002 3/31/2003 Inc./(Dec.) Participant Balances $52,887,494 $52,953,682 $66,188 Comparison to Budget/ City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $300,000 $267,696 ($32,304) Interest Earned Year to Date $2,700,000 $2,620,665 ($79,335) Earned Interest Yield Year to Date 4.00% 3.39% -0.61% *Bond Proceeds Statements lag by one month. **Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. June % of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $45,344,461 39% None 1176 3.97% Local Agency Inv. Fund (LAIF) $38,986,177 34% $40 million 1 1.70% U.S. Treasury Notes - Coupon $999,801 1% None 45 5.43% Medium Term Notes $7,476,771 6% 20% 490 6.02% Disc. Commercial Paper $13,976,312 12% 25% 56 1.15% Disc. Federal Agy Issues $7,480,891 6% None 65 1.07% U.S. Treasury Notes - Discount $1,996,294 2% None 58 1.17% $116,260,708 100% o �� City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary June 30, 2003 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 45,305,000.00 45,938,403.50 45,344,461.13 39.00 1,567 1,176 3.914 3.969 Local Agency Investment Funds 38,986,176.94 38,986,176.94 38,986,176.94 33.53 1 1 1.674 1.697 Treasury Securities-Coupon 1,000,000.00 1,005,300.00 999,801.05 0.86 1,555 45 5.356 5.431 Medium Term Notes 7,481,000.00 7,850,520.20 7,476,771.24 6.43 1,448 490 5.938 6.020 Commercial Paper Disc.-Amortizing 14,000,000.00 13,977,600.00 13,976,311.67 12.02 96 56 1.134 1.150 Federal Agency Disc.-Amortizing 7,495,000,00 7,482,008.00 7,480,891.14 6.43 94 65 1.055 1.070 Treasury Discounts-Amortizing 2,000,000.00 1,999,400.00 1,996,294.45 1.72 133 58 1.155 1.171 Investments 116,267,176.94 117,239,408.64 116,260,707.62 100.00% 738 503 2.740 2.778 Cash and Accrued Interest Accrued Interest at Purchase 15,958.34 15,958.34 Subtotal 15,958.34 15,958.34 Total Cash and Investments 116,267,176.94 117,255,366.98 116,276,665.96 738 503 2.740 2.778 Total Earnings June 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 267,696.17 2,620,664.86 Current Budget 300,000.00 2,700,000.00 3,600,000.00 Last Year Actual 386,603.31 3,759,730.43 4,812,507.05 Average Daily Balance 114,509,737.11 103,241,572.19 Effective Rate of Return 2.84% 3.39% I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 16,2002. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. 7-19-0 3 SFAftrt. F ID R H,CITY TREASURER Portfolio CITY AP Run Date:07/102003-08:58 PM(PRF_PM1)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments June 30, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 2,035,000.00 2,000.000.00 2.730 AAA 2.730 1,185 09/28/2006 31331QXV4 3140 Federal Farm Credit Bank 04/03/2003 2,000,000.00 2,000,000.00 2,000,000.00 2.680 AAA 2.681 917 01/03/2006 31331ONFO 3144 Federal Farm Credit Bank 04/25/2003 1,750,000.00 1,751,575.00 1,754,105.64 3.000 AAA 2.912 1,021 04/17/2006 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,008,400.00 999,538.94 5.125 AAA 5.380 76 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,007,800.00 1,000,116.56 5.630 AAA 5.546 63 09/02/2003 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000.000.00 2,049,400.00 2,000,000.00 6.330 AAA 6.330 895 12/12/2005 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,008,400.00 1,000,000.00 5.250 AAA 5.250 1,176 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,010,900.00 1,000,000.00 5.000 AAA 5.000 818 09/26/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1,014,700.00 1,000,000.00 4.540 AAA 4.540 881 11/28/2005 3133MRHY1 3120 Federal Home Loan Bank 12/20/2002 1,355,000.00 1,361,368.50 1,371,832.38 4.250 AAA 3.920 1,527 09/05/2007 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 2,039,400.00 2,000,000.00 3.020 AAA 3.020 1,742 04/07/2008 31339X4Z4 3147 Federal Home Loan Bank 06/11/2003 1,200,000.00 1,200,360.00 1,200,000.00 2.860 AAA 2.860 1,807 06/11/2008 31339X7A6 3149 Federal Home Loan Bank 06/16/2003 2,000,000.00 2,008,200.00 2,000,000.00 2.400 AAA 2.400 1,354 03/16/2007 312925/A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,065,000.00 1,997,335.91 4.500 AAA 4.537 1,483 07/23/2007 3129256U9 3106 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,008,800.00 1,999,068.29 2.875 AAA 2.897 818 09/26/2005 312925XS4 3130 Federal Home Loan Mort Corp 01/17/2003 2,000,000.00 2,002,000.00 2,028,961.12 5.000 AAA 4.638 1,655 01/11/2008 3128XOU72 3135 Federal Home Loan Mort Corp 03/26/2003 2,000,000.00 2,027,600.00 2,000,000.00 3.400 AAA 3.400 1,730 03/26/2008 3128XOU80 3137 Federal Home Loan Mort Corp 04/02/2003 2,000,000.00 2,020,400.00 2,000.000.00 3.000 AAA 3.000 1,371 04/02/2007 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1.000.000.00 1,034,400.00 1,000,000.00 5.910 AAA 5.909 262 03/19/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,042,700.00 997,442.29 6.000 AAA 6.343 321 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,004,400.00 1,000,000.00 7.300 AAA 7.300 755 07/25/2005 31364K5LO 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,032,800.00 1,000,000.00 5.550 AAA 5.550 989 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,031,300.00 1,000,000.00 5.300 AAA 5.300 1,002 03/29/2006 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,052,800.00 1,000,000.00 5.010 AAA 5.010 1,324 02/14/2007 3136F1MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,005,300.00 1,000,000.00 4.350 AAA 4.350 786 08/25/2005 3136171WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,061,900.00 1,000,000.00 5.350 AAA 5.350 1,381 04/12/2007 3136F2A99 3124 Fed.Nat'l Mort.Assoc. 12/30/2002 1,000,000.00 1,009,100.00 1,000,000.00 3.000 AAA 3.000 1,095 06/30/2006 3136F21-97 3131 Fed.Nat'l Mort.Assoc. 01/30/2003 2,000,000.00 2,031,200.00 2,000,000.00 4.000 AAA 4.000 1,674 01/30/2008 3136F2Q76 3132 Fed.Nat'l Mort.Assoc. 01/28/2003 2,000,000.00 2,003,200.00 2,000,000.00 3.200 AAA 3.200 1,123 07/28/2006 31359MRES 3139 Fed.Nat'l Mort.Assoc. 04/03/2003 1,000,000.00 1,000,000.00 1,000,000.00 2.375 AAA 2.375 825 10/03/2005 31359MSC8 3148 Fed.Nat'l Mort.Assoc. 06/04/2003 2,000,000.00 2,010,000.00 1,996,060.00 2.000 AAA 2.042 1,800 06/04/2008 Subtotal and Average 47,408,104.73 45,305,000.00 45,938,403.50 45,344,461.13 3.969 1,176 Local Agency Investment Funds SYS982 982 Laif City 19,250,830.33 19,250,830.33 19,250,830.33 1.697 NR 1.697 1 SYS2206 2206 LAIF-Redevelopment Agency 19,735,346.61 19,735,346.61 19,735,346.61 1.697 NR 1.697 1 Portfolio CITY AP Run Date:07/10/2003-08:58 PM(PRF_PM2)SymRepl V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments June 30, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Subtotal and Average 38,149,510.27 38,986,176.94 38,986,176.94 38,986,176.94 1.697 1 Treasury Securities-Coupon 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,005,300.00 999,801.05 5.250 AAA 5.431 45 08/15/2003 Subtotal and Average 1,966,491.44 1,000,000.00 1,005,300.00 999,801.05 5.431 45 Medium Term Notes 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1.000,000.00 1,021,400.00 1,006,002.58. 2.850 Aaa 2.590 884 12/01/2005 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,025,200.00 998,483.40 5.400 Aaa 5.700 216 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 531,120.20 475,650.29 6.250 Aat 6.800 884 12/01/2005 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000,000.00 1,002,900.00 999.807.12 6.267 Aaa 6.620 22 07/23/2003 36962GUA 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,018,900.00 1,000,603.20 6.810 Aaa 6.610 125 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,094,200.00 999,220.22 7.500 Aa3 7.559 591 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,104,000.00 998,896.68 5.750 Aa1 5.795 1,044 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,052,800.00 998,107.75 6.700 At 6.920 356 06/21/2004 Subtotal and Average 7,476,509.04 7,481,000.00 7,850,520.20 7,476,771.24 6.020 490 Commercial Paper Disc.-Amortizing 02581SU74 3145 American Express 05/15/2003 2,000,000.00 1,999,600.00 1,999,593.33 1.220 A1121 1.239 6 07/07/2003 02581SXQ9 3157 American Express 06/27/2003 2,000,000.00 1,993,400.00 1,993,611.11 1.000 A1P1 1.017 115 10/24/2003 313384PL7 3153 Federal Home Loan Bank 05/21/2003 2,000,000.00 1,992,400.00 1,991,461.67 1.090 AAA 1.111 141 11/19/2003 36959JV18 3142 General Electric Capital Corp 03/24/2003 2,000,000.00 1,998,200.00 1,997,933.33 1.200 Aaa 1.222 31 08/01/2003 36959JUE1 3146 General Electric Capital Corp 05/15/2003 1,000,000.00 999,600.00 999,552.22 1.240 Aaa 1.260 13 07/14/2003 71708FVJ8 3160 Pfizer,Inc. 06/30/2003 2,000,000.00 1,997,200.00 1,997,333.34 1.000 A1+ 1.015 48 08/18/2003 17307KV14 3150 CITIGROUP Global 05/21/2003 2,000,000.00 1,998,200.00 1,997,950.56 1.190 A1+ 1.209 31 08/01/2003 17307KV48 3151 CITIGROUP Global 05/21/2003 1,000,000.00 999,000.00 998,876.11 1.190 A1+ 1.210 34 08/04/2003 Subtotal and Average 11,779,120.06 14,000,000.00 13,977,600.00 13,976,311.67 1.150 56 Federal Agency Disc.-Amortizing 313396KKB 3152 Federal Home Loan Mort Corp 05/21/2003 2,000,000.00 1,997,600.00 1,997,213.34 1.140 AAA 1.159 44 08/14/2003 313396LQ4 3154 Federal Home Loan Mort Corp 05/21/2003 2,000,000.00 1,996,200.00 1,995,457.78 1.120 AAA 1.140 73 09/12/2003 313396LA9 3155 Federal Home Loan Mort Corp 06/16/2003 1,495,000.00 1,492,608.00 1,492,600.57 0.979 AAA 0.995 59 08/29/2003 313396MA8 3156 Federal Home Loan Mort Corp 06/16/2003 2,000,000.00 1,995,600.00 1,995,619.45 0.950 AAA 0.966 83 09/22/2003 Subtotal and Average 5,734,633.51 7,495,000.00 7,482,008.00 7,480,891.14 1.070 65 Portfolio CITY AP Run Date:07/10/2003-08:58 PM(PRF_PM2)SymRept V6.21 City of H13 Portfolio Management Page 4 Portfolio Details - Investments June 30, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Treasury Discounts-Amortizing 912795NK3 3143 US Treasury Bill 04/17/2003 2,000,000.00 1,999,400.00 1,996,294.45 1.150 AAA 1.171 58 08/28/2003 Subtotal and Average 1,995,368.06 2,000,000.00 1,999,400.00 1,996,294.45 1.171 58 Total and Average 114,509,737.11 116,267,176.94 117,239,408.64 116,260,707.62 2.778 503 Portfolio CITY AP Run Date:07/10/2003-08:52 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 5 Portfolio Details -Cash June su, 2003 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 15,958.34 15,958.34 0 Subtotal 15,958.34 15,958.34 Total Cash and Investmentss 114,509,737.11 116,267,176.94 117,255,366.98 116,276,665.96 2.778 503 Portfolio CITY AP Run Date:07/10/2003-08:58 PM(PRF_PM2)SymRept V6.21 City of FIB Portfolio Management Page 6 Activity By Type June 1, 2003 through June 30, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133M4RE5 2883 Federal Home Loan Bank 5.690 06/19/2003 0.00 1,105,000.00 3133MUM77 3121 Federal Home Loan Bank 2.740 06/30/2003 0.00 1,000,000.00 31339X4Z4 3147 Federal Home Loan Bank 2.860 06/11/2003 1,200,000.00 0.00 31339X7A6 3149 Federal Home Loan Bank 2.400 06/16/2003 2,000,000.00 0.00 312925NCO 3077 Federal Home Loan Mort Corp 3.700 06/04/2003 0.00 1,000,000.00 3136F2A81 3119 Fed.Nat'l Mort.Assoc. 2.500 06/30/2003 0.00 2,000,000.00 31359MSC8 3148 Fed.Nat'l Mort.Assoc. 2.000 06/04/2003 1,996,000.00 0.00 Subtotal 5,196,000.00 5,105,000.00 45,344,461.13 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.697 7,000,000.00 5,500,000.00 SYS2206 2206 LAIF-Redevelopment Agency 1.697 1,500,000.00 1,700,000.00 Subtotal 8,500,000.00 7,200,000.00 38,986,176.94 Treasury Securities-Coupon 9128274K5 2875 United States Treasury Note 5.375 06/30/2003 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 999,801.05 Medium Term Notes Subtotal- 7,476,771.24 Commercial Paper Disc.-Amortizing 02581SXQ9 3157 American Express 1.000 06/27/2003 1,993,388.89 0.00 61745BTP2 3141 Morgan Stanley Dean Witter 1.240 06/23/2003 0.00 2,000,000.00 71708FVJ8 3160 Pfizer,Inc. 1.000 06/30/2003 1,997,277.78 0.00 Subtotal 3,990,666.67 2,000,000.00 13,976,311.67 Federal Agency Disc.-Amortizing 313396LA9 3155 Federal Home Loan Mort Corp 0.979 06/16/2003 1,491,990.55 0.00 313396MA8 3156 Federal Home Loan Mort Corp 0.950 06/16/2003 1,994,827.78 0.00 Subtotal 3,486,818.33 0.00 7,480,891.14 Treasury Discounts-Amortizing Subtotal 1,996,294.45 Portfolio CITY AP Run Date:07/10/2003-08:58 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity By Type June 1, 2003 through June 30, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Total 21,173,485.00 15,305,000.00 116,260,707.62 Portfolio CITY AP Run Date:07/10/2003-08:58 PM(PRF_PM3)SymRept V6.21 City of HB Portfolio Management Page 8 Activity Summary June 2002 through June 2003 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity June 2002 73 111,911,861.38 4.098 4.155 2.687 5 6 832 472 July 2002 69 108,270,068.04 4.070 4.126 2.714 10 14 861 506 August 2002 66 101,881,721.88 4.001 4.057 2.594 4 7 858 508 September 2002 62 99,320,920.60 3.902 3.956 2.604 7 11 843 519 October 2002 55 96,564,576.04 3.871 3.924 2.604 1 7 820 497 November 2002 55 93,727,818.76 3.644 3.695 2.301 7 7 830 508 December 2002 58 101,252,496.49 3.462 3.510 2.201 11 8 810 527 January 2003 58 107,056,629.59 3.517 3.566 2.103 6 6 892 618 February 2003 54 103,784,689.45 3.526 3.575 1.945 2 6 923 625 March 2003 53 100,384,000.65 3.405 3.452 1.904 4 5 902 609 April 2003 55 103,958,406.14 3.267 3.313 1.858 6 4 894 611 May 2003 54 108,068,072.78 2.939 2.980 1.769 7 8 758 491 June 2003 55 114,509,737.11 2.740 2.778 1.697 7 6 738 503 Average 59 103,890,223.17 3.572% 3.622% 2.229 6 7 843 538 Portfolio CITY AP Run Date:07/10/2003-08:58 PM(PRF_PM4)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type June 2002 through June 2003 June July August September October November December January February March April May June Average Security Type 2002 2002 2002 2002 2002 2002 2002 2003 2003 2003 2003 2003 2003 by Period Repurchase Agreements _ Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 42.5 46.0 47.9 47.2 46.3 46.4 46.8 51.3 50.9 49.8 51.5 41.0 39.0 46.7% Local Agency Investment Funds 28.4 26.5 28.6 33.4 38.6 34.3 32.8 33.0 36.7 37.0 34.1 34.1 33.5 33.2% Treasury Securities-Coupon 3.7 2.9 2.0 2.0 2.1 2.1 1.9 1.9 2.0 2.0 1.9 1.8 0.9 2.1% Medium Term Notes 8.7 8.3 8.6 7.5 6.8 6.8 6.2 7.1 7.5 7.3 7.0 6.8 6.4 7.3% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 8.3 4.9 3.1 2.0 2.1 6.3 10.5 6.6 3.0 3.9 3.7 10.9 12.0 5.9% Federal Agency Disc.-Amortizing 6.5 11.4 9.8 5.0 2.1 2.1 1.9 3.6 6.4 3.8% Treasury Discounts-Amortizing 1.9 3.0 2.1 2.1 1.9 1.8 1.7 1.1% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:07/10/2003-08:58 PM(PRF_PM5)SymRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 6/30/03 Carrying CostPluse � _. . � 14, w Descr�ption� Accrued InterestEPurch Amortized Cosh 3 FairValue £, Accrued Interest United States Treasury: Bills $ 1,593,302,528.44 $ 1,594,820,514.45 $ 1,594,487,000.00 NA Notes $ 8,311,148,231.63 $ 8,309,408,466.47 $ 8,387,837,750.00 $ 57,535,050.75 Federal Agency: SBA $ 418,240,502.15 $ 418,193,019.64 $ 414,684,597.42 $ 1,169,480.25 MBS $ 563,169,383.63 $ 562,001,552.66 $ 557,524,284.67 $ 2,689,111.37 Bonds $ 3,684,196,081.50 $ 3,676,197,528.68 $ 3,727,374,915.20 $ 27,399,962.94 Floaters $ - $ - $ - $ - Discount Notes $ 8,440,753,808.79 $ 8,447,281,574.36 $ 8,447,522,204.80 NA FHLMC PC $ 4,910,307.30 $ 4,910,307.30 $ 5,361,043.64 $ 78,920.45 GNMA $ 571,948.84 $ 571,948.84 $ 671,481.69 $ 5,688.12 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 100,003,100.12 $ 99,999,989.00 $ 100,017,433.00 $ 80,888.89 CDs $ 5,740,493,275.49 $ 5,740,069,608.83 $ 5,739,690,640.95 $ 6,985,758.35 Commercial Paper $ 14,023,307,029.39 $ 14,038,546,040.13 $ 14,040,328,864.80 NA Corporate: Floaters $ 303,583,690.21 $ 303,583,690.21 $ 303,221,090.00 $ 581,331.39 Bonds $ 1,933,260,633.79 $ 1,928,418,579.56 $ 1,963,049,600.06 $ 25,630,194.53 Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 5,575,095,000.00 $ 5,575,095,000.00 $ 5,575,095,000.00 NA AB 55&GF Loans $ 4,730,470,588.15 $ 4,730,470,588.15 $ 4,730,470,588.15 NA TOTAL $ 55,422,506,109.43 1 $ 55,429,568,408.28 1 $ 55,587,336,494.38 1 $ 122,156,387.04 Fair Value Including Accrued Interest $ 55,709,492,881.42 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(1.002846280). 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$20,056,925.61 or$20,000,000.00 x 1.002846280. Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of May 31, 2003 Summary of investments by type Market Value Market Value Par Value Investment Type as of 04/30/03 as of 05/31/03 $4,010,810 Local Agency Investment Fund(LAIF) $4,010,810 $4,010,810 $21,462,953 Investment Agreements $21,472,635 $21,462,953 $2,069,590 Money Market Funds $2,824,057 $2,069,590 $351,244 US Treasury Securities $351,244 $351,244 $27,894,597 $28,658,746 $27,894,597 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 04/30/03 as of 05/31/03 $1,722,403 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(1992) $1,722,384 $1,722,403 $732,846 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $730,363 $732,846 $17,027,779 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $17,027,736 $17,027,779 $2,621,159 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,621,159 $2,621,159 $1,970,358 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,970,238 $1,970,358 $2,476,089 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit,SB Phase 1) $2,475,293 $2,476,089 $65,349 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds (1992) $817,749 $65,349 $884,237 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $884,227 $884,237 $197,039 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $194,577 $197,039 $53,537 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects $53,497 $53,537 $114,181 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $114,097 $114,181 $29,621 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) $47,425 $29,621 $27,894,597 $28,658,746 $27,894,597 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2003 Beginning Distributions/ Balance Contributions/ Transfers/ Earnings Ending Balance (12-31-02) Transfers Payments (change in value) Other (3-31-03) ICMA Retirement Corporation (457 Plan) $14,081,623 $393,555 ($182,615) ($176,207) ($2,271) $14,114,084 ICMA Retirement Corporation (401 Plan) $195,574 $20,702 $0 ($2,608) $0 $213,668 Nationwide Retirement Solutions (457 Plan) $38,273,593 $1,119,024 ($936,976) ($166,416) $0 $38,289,225 Trust Deeds $336,704 $0 $0 $0 $0 $336,704 Total Deferred Compensation Plan Balances $52,887,494 $1,533,281 ($1,119,592) ($345,231) ($2,271) $52,953,682 June 2003 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA TREASURER' S s. .. � s 4 CCbiz i E .b Shari L . Freidenrich , CPA, CCMT , CMFA August 4, 2003 slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Balance Trends Portfolio Balances b Type $102M $117M $123M 108M $102M $116M o 100 /o Y y IM US Treas 3- 80% ❑ Med Notes 1 El 1 LAIF 60% '' or El Fed Ag. 40% El CID ' M BA 20% El Re p u r. 0% Slide 2 Jun-99 Jun-00 Jun-01 Jun-02 Mar-03 Jun-03 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Percentages By Type of Investment Disc. Treasury Federal Securities Agencies f 3 ° 9°/ 2% , Comm. y y q Paper , 12% ten% � I Fed. Ag rt LAIF Disc. g ' ° 6% y"114 33 /o `Ya a Slid Treasury � � � �. a e 3 Securities Mediu n Notes 6% Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Liquidity Investment Maturities by Days, Ending June 2002/2003 1 Day 40% 32% 34% ❑ 2-180 Days ° /o ❑ .5 - 1 Yr. 20 ° 25 /o 30% ° 17 /o 16% ❑ 1 - 1 .5 Yr. o f 20% 9 ° 12% E 1 .5 - 2 Yr. 7% ° ❑ 2 - 3Yr. 10% s 1 O/C3 - 4 Yr. ❑ 4 - 5Yr. 4% . 5% 6% 0% 9% Slide 4 2002 2003 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $209 000,000 $1530007000 $107000,000 $3,667,340 $25712,395 $5,0009000 $0 Ww d 230 997 ($1090007000) 9 270 867 ($8,6629638) ($15,000,000) $11 980 015 ($20,000,000) Jul-03 Aug-03 Sep-03 Oct-03 Nov-03 Dec-03 Slide 5 r a zg " � m% Net' Cash Flour'' lV�atu,r�n � Invsfrnents C��G°eneral �urclNetCash Flow y g ''" Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Yields Trends I Al Mz ; YT 8.00% 7.00% 6.00% 5.00% 4.57% 3.73% 3.64% 3.39% 4.00% k 2.96% o 2.42 /o � 3.00% , ; , 2.08°/ 1 .75 2.00% E ° 1 .00% 0.00% « Jun-02 Dec-02 Mar-03 Jun-03 Slide 6 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Summaryof Investment by CityFund June 30, 2003 a � 7472,290 $17,118,238 \ Gen'er�aly S 01 927imp, ` $16 112 928 / d ,Ci/a{p iyis� ;� 7 w y r ay 1 / tServk Deb i% VY / y I rprise / // ' /�// $17 958 361 n , . I rn 1 Sery e; me a c Orr ;j' Fiduciary 55 970 052 ° �.'' ($6,329,889) R, Spec�a,I�Reuenue Slide 7 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Summary • Recommendation to City Council Slide 8 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: June 2003 Investment Summary Report COUNCIL MEETING DATE: August 4, 2003 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over$5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff Assistant City Administrator Initial City Administrator (Initial) rCity Clerk G�3 EXPLANATION FOR RETURN OF ITEM: Only)(Below Space For City Clerk's Use RCA Author: O Council/Agency Meeting Held Deferred/Continued to: , Approved ❑ Conditionally Approved ❑ Denied City Clerk's Signatur Council Meeting Date: July 21, 2003 Department ID Number. CT 03-15 CITY OF HUNTINGTON BEACH q c REQUEST FOR COUNCIL ACTION CZZ - SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS T SUBMITTED BY: SHARI L. FREIDENRICH, City Treasu -' ` W h PREPARED BY: SHARI L. FREIDENRICH, City Treasuw- '" n SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MAY 2003 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for May 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for May 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s)• NumberCity Clerk's Page . Description 1. Monthly Investment Report and Summary of Investments for May 2003. 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. May 2003 PowerPoint Presentation Monthly Investment Report and Summary of Investments for May 2003 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for May, 2003 City Investment Portfolio: April May Inc./(Dec.) End of month City Portfolio Balance $107,350,563 $110,373,538 $3,022,975 End of month General Fund Balance $12,920,640 $17,398,754 $4,478,114 Earned Interest Yield Average 3.34% 2.62% -0.72% Average Maturity ( in days) 611 491 -120 End of Month Market Value $108,361,289 $111,428,038 $3,066,749 End of month bank cash balance $5,805,766 $6,375,399 $569,633 Bond Proceeds Investments:* April May Inc./(Dec.) End of Month Bond Reserve Par Value $28,658,746 $27,894,597 ($764,149) End of Month Bond Reserve Market Value $28,658,746 $27,894,597 ($764,149) Deferred Compensation Investments: 12/31/2002 3/31/2003 Inc./(Dec.) Participant Balances $52,887,494 $52,953,682 $66,188 Comparison to Bu�get/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $300,000 $240,120 ($59,880) Interest Earned Year to Date $2,400,000 $2,346,476 ($53,524) Earned Interest Yield Year to Date 4.00% 3.46% -0.54% 'Bond Proceeds Statements lag by one month. Summary by Individual Investment in City Investment Portfolio: Days Int. May % of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $45,254,000 41% None 1079 4.09% Local Agency Inv. Fund (LAIF) $37,686,177 34% $40 million 1 1.77% U.S. Treasury Notes - Coupon $1,999,857 2% None 52 5.27% Medium Term Notes $7,476,229 7% 20% 520 6.02% Disc. Commercial Paper $11,973,993 11% 25% 67 1.21% Disc. Federal Agy Issues $3,988,904 3% None 88 1.15% U.S. Treasury Notes - Discount $1,994,378 2% None 88 1.17% $110,373,538 100% E d z � ;r Loot l� G Schedule of Bond Investments Held by Fiscal Agent as of May 31, 2003 Summaryof investments b type 'iUIN("'t�;; r i y yP l u ' t._ACH, CA Market Value Market Value Par Value Investment Type Z003 JUL 2 ! P as of 04/30/03 as of 05/31/03 4,010,810 Local Agency Investment Fund (LAIF) 4,010,810 4,010,810 21,462,953 Investment Agreements 21,472,635 21,462,953 2,069,590 Money Market Funds 2,824,057 2,069,590 351,244 US Treasury Securities 351,244 351,244 27,894,597 28,658,746 27,894,597 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 04/30/03 as of 05/31/03 1,722,403 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(1992) 1,722,384 1,722,403 732,846 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) 730,363 732,846 17,027,779 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 17,027,736 17,027,779 2,621,159 Huntington Beach PFA- 2001 Series B(1993 Civic Center& Police Administration Bldg.Refinance) 2,621,159 2,621,159 1,970,358 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 1,970,238 1,970,358 2,476,089 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit)SB Phase 1 2,475,293 2,476,089 65,349 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds (1992) 817,749 65,349 884,237 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 884,227 884,237 197,039 City of Huntington Beach- Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 194,577 197,039 53,537 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 53,497 53,537 114,181 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 114,097 114,181 29,621 City of Huntington Beach-Multi-Family Housing Refunding Bonds (Huntington Village Apts.) 47,425 29,621 27,894,597 28,658,746 27,894,597 � � S City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for May, 2003 City Investment Portfolio: April May Inc./(Dec.) End of month City Portfolio Balance $107,350,563 $110,373,538 $3,022,975 End of month General Fund Balance $12,920,640 $17,398,754 $4,478,114 Earned Interest Yield Average 3.34% 2.62% -0.72% Average Maturity ( in days) 611 491 -120 End of Month Market Value $108,361,289 $111,428,038 $3,066,749 End of month bank cash balance $5,805,766 $6,375,399 $569,633 Bond Proceeds Investments:" March April Inc./(Dec.) End of Month Bond Reserve Par Value $28,658,746 $27,884,597 ($774,149) End of Month Bond Reserve Market Value $28,658,746 $27,894,597 ($764,149) Deferred Compensation Investments: 12/31/2002 3/31/2003 Inc./(Dec.) Participant Balances $52,887,494 $52,953,682 $66,188 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $300,000 $240,120 ($59,880) Interest Earned Year to Date $2,400,000 $2,346,476 ($53,524) Earned Interest Yield Year to Date 4.00% 3.46% -0.54% *Bond Proceeds Statements lag by one month. Summary by Individual Investment in City Investment Portfolio: Days Int. May % of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $45,254,000 41% None 1079 4.09% Local Agency Inv. Fund (LAIF) $37,686,177 34% $40 million 1 1.77% U.S. Treasury Notes - Coupon $1,999,857 2% None 52 5.27% Medium Term Notes $7,476,229 7% 20% 520 6.02% Disc. Commercial Paper $11,973,993 11% 25% 67 1.21% Disc. Federal Agy Issues $3,988,904 3% None 88 1.15% U.S. Treasury Notes - Discount $1,994,378 2% None 88 1.17% $110,373,538 100% o �� City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary May 31, 2003 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 45,210,000.00 45,902,691.25 45,254,000.14 41.00 1,497 1,079 4.037 4.093 Local Agency Investment Funds 37,686,176.94 37,686,176.94 37.686.176.94 34.14 1 1 1.745 1.769 Treasury Securities-Coupon 2,000,000.00 2,011,880.00 1,999,856.62 1.81 1,572 52 5.196 5.268 Medium Term Notes 7,481,000.00 7,869,540.28 7,476,228.74 6.77 1,448 520 5.938 6.020 Commercial Paper Disc.-Amortizing 12,000,000.00 11,974,290.00 11,973,993.32 10.85 99 67 1.196 1.213 Federal Agency Disc.-Amortizing 4,000,000.00 3,989,000.00 3,988,904.45 3.61 99 88 1.134 1.149 Treasury Discounts-Amortizing 2,000,000.00 1,994,460.00 1,994,377.78 1.81 133 88 1.155 1.171 Investments 110,377,176.94 111,428,038.47 110,373,537.99 100.00% 758 491 2.939 2.980 Cash and Accrued Interest Accrued Interest at Purchase 18,650.01 18,650.01 Subtotal 18,650.01 18,650.01 Total Cash and Investments 110,377,176.94 111,446,688.48 110,392,188.00 758 491 2.939 2.980 Total Earnings May 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 241,410.18 2,352,968.69 Current Budget 300,000.00 2,400,000.00 3,600,000.00 Last Year Actual 408,768.04 3,373,127.12 4,812,507.05 Average Daily Balance 108,068,072.78 101,850,440.71 Effective Rate of Return 2.63% 3.47% I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 16,2002. 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 pr id by Union Bank via Merrill Lynch and J.J.Kenney pricing services. S (!S1,9t-NkiCH,CITY TREASURER Portfolio CITY AP Run Date:07/08/2003-10:33 PM(PRF_PM7)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments May 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 2,035,620.00 2,000,000.00 2.730 AAA 2.730 1,215 09/28/2006 31331QXV4 3140 Federal Farm Credit Bank 04/03/2003 2.000,000.00 2,002,500.00 2,000,000.00 2.680 AAA 2.681 947 01/03/2006 31331QNFO 3144 Federal Farm Credit Bank 04/25/2003 1,750,000.00 1,753,832.50 1,754,228.08 3.000 AAA 2.912 1,051 04/17/2006 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,011,250.00 999,352.02 5.125 AAA 5.380 106 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,010,940.00 1,000,173.88 5.630 AAA 5.546 93 09/02/2063 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,107,419.95 1,105,069.61 5.690 AAA 5.540 18 06/19/2003 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,056,260.00 2,000,000.00 6.330 AAA 6.330 925 12/12/2005 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,011,250.00 1,000,000.00 5.250 AAA 5.250 1,206 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,014,060.00 1,000,000.00 5.000 AAA 5.000 848 09/26/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1,016,880.00 1,000,000.00 4.540 AAA 4.540 911 11/28/2005 3133MRHY1 3120 Federal Home Loan Bank 12/20/2002 1,355,000.00 1,363,888.80 1,372,168.13 4.250 AAA 3.920 1,557 09/05/2007 3133MUM77 3121 Federal Home Loan Bank 12/30/2002 1,000,000.00 1,001,250.00 1,000,000.00 2.740 AAA 2.741 852 09/30/2005 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 2,050,620.00 2,000,000.00 3.020 AAA 3.020 1,772 04/07/2008 312925NCO 3077 Federal Home Loan Mort Corp 06/04/2002 1,000,000.00 1,000,140.00 1,000,000.00 3.700 AAA 3.700 369 06/04/2004 312925/A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,057,500.00 1,997,281.24 4.500 AAA 4.537 1,513 07/23/2007 31292561-19 3106 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,010,620.00 1,999,033.56 2.875 AAA 2.897 848 09/26/2005 312925XS4 3130 Federal Home Loan Mort Corp 01/17/2003 2,000,000.00 2,007,560.00 2,029,494.15 5.000 AAA 4.638 1,685 01/11/2008 3128XOU72 3135 Federal Home Loan Mort Corp 03/26/2003 2,000,000.00 2,029.660.00 2,000,000.00 3.400 AAA 3.400 1,760 03/26/2008 3128XOU80 3137 Federal Home Loan Mort Corp 04/02/2003 2,000,000.00 2,021,360.00 2,000,000.00 3.000 AAA 3.000 1,401 04/02/2007 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,037,400.00 1,000,000.00 5.910 AAA 5.909 292 03/19/2004 31364GO93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,045,790.00 997,199.47 6.000 AAA 6.343 351 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,009,690.00 1,000,000.00 7.300 AAA 7.300 785 07/25/2005 313641<51-0 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,035,310.00 1,000,000.00 5.550 AAA 5.550 1,019 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,033,440.00 1,000,000.00 5.300 AAA 5.300 1,032 03/29/2006 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,054,380.00 1,000,000.00 5.010 AAA 5.010 1,354 02/14/2007 3136F1MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,007,500.00 1,000,000.00 4.350 AAA 4.350 816 08/25/2005 3136F1 WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,064,060.00 1,000,000.00 5.350 AAA 5.350 1,411 04/12/2007 3136F2A81 3119 Fed.Nat'l Mort.Assoc. 12/30/2002 2,000,000.00 2,001,880.00 2,000,000.00 2.500 AAA 2.500 760 06/30/2005 3136F2A99 3124 Fed.Nat'l Mort.Assoc. 12/30/2002 1,000,000.00 1,009,690.00 1.000,000.00 3.000 AAA 3.000 1,125 06/30/2006 3136F21-97 3131 Fed.Nat'l Mort.Assoc. 01/30/2003 2,000.000.00 2,034,380.00 2,000,000.00 4.000 AAA 4.000 1,704 01/30/2008 3136F2076 3132 Fed.Nat'l Mort.Assoc. 01/28/2003 2,000,000.00 2,005,620.00 2,000,000.00 3.200 AAA 3.200 1,153 07/28/2006 31359MRES 3139 Fed.Nat'l Mort.Assoc. 04/03/2003 1,000.000.00 1,000,940.00 1,000,000.00 2.375 AAA 2.375 855 10/03/2005 Subtotal and Average 49,811,707.99 45,210,000.00 45,902,691.25 45,254,000.14 4.093 1,079 Portfolio CITY AP Run Date:07/08/2003-10:33 PM(PRF_PM2)SymRepl V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments May 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Local Agency Investment Funds SYS982 982 Laif City 17,750,830.33 17,750,830.33 17,750,830.33 1.769 NR 1.769 1 SYS2206 2206 LAIF-Redevelopment Agency 19,935,346.61 19,935,346.61 19,935,346.61 1.769 NR 1.769 1 Subtotal and Average 37,968,886.62 37,686,176.94 37,686,176.94 37,686,176.94 1.769 1 Treasury Securities-Coupon 9128274K5 2875 United States Treasury Note 02/22/1999 1,000,000.00 1,003,440.00 1,000,188.21 5.375 AAA 5.106 29 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,008,440.00 999,668.41 5.250 AAA 5.431 75 08/15/2003 Subtotal and Average 1,909,887.65 2,000,000.00 2,011,880.00 1,999,856.62 5.268 52 Medium Term Notes 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 1,021,420.00 1,006,209.57 2.850 Aaa 2.590 914 12/01/2005 06651PAA1 2872 Bank United 02/17/1999 1,000,000.00 1,028,010.00 998,267.77 5.400 Aaa 5.700 246 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 532,890.28 475,465.82 6.250 Aal 6.800 914 12/01/2005 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000,000.00 1,006,760.00 999,544.10 6.267 Aaa 6.620 52 07/23/2003 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,022,930.00 1,000,751.52 6.810 Aaa 6.610 155 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,097,790.00 999,179.89 7.500 Aa3 7.559 621 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,105,420.00 998,864.52 5.750 Aal 5.795 1,074 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,054,320.00 997,945.55 6.700 Al 6.920 386 06/21/2004 Subtotal and Average 7,475,975.00 7,481,000.00 7,869,540.28 7,476,228.74 6.020 520 Commercial Paper Disc.-Amortizing 02581SU74 3145 American Express 05/15/2003 2,000,000.00 1,997,620.00 1,997,560.00 1.220 A1P1 1.239 36 07/07/2003 313384PL7 3153 Federal Home Loan Bank 05/21/2003 2,000,000.00 1,989,600.00 1,989,645.00 1.090 AAA 1.111 171 11/19/2003 36959JV18 3142 General Electric Capital Corp 03/24/2003 2,000,000.00 1,996,000.00 1,995,933.33 1.200 Aaa 1.222 61 08/0112003 36959JUE1 3146 General Electric Capital Corp 05/15/2003 1,000,000.00 998,580.00 998,518.89 1.240 Aaa 1.260 43 07/14/2003 617456TP2 3141 Morgan Stanley Dean Witter 03/24/2003 2,000,000.00 1,998,540.00 1,998,484.44 1.240 Aa3 1.261 22 06/23/2003 17307KV14 3150 CITIGROUP Global 05/21/2003 2,000,000.00 1,996,000.00 1,995,967.22 1.190 A1+ 1.209 61 08/01/2003 17307KV48 3151 CITIGROUP Global 05/21/2003 1,000,000.00 997,950.00 997,884.44 1.190 A1+ 1.210 64 08/04/2003 Subtotal and Average 7,403,001.13 12,000,000.00 11,974,290.00 11,973,993.32 1.213 67 Federal Agency Disc.-Amortizing 313396KK8 3152 Federal Home Loan Mort Corp 05/21/2003 2,000,000.00 1,995,400.00 1,995,313.34 1.140 AAA 1.159 74 08/14/2003 313396LQ4 3154 Federal Home Loan Mort Corp 05/21/2003 2,000,000.00 1,993,600.00 1,993,591.11 1.120 AAA 1.140 103 09/12/2003 Subtotal and Average 1,415,194.95 4,000,000.00 3,989,000.00 3,988,904.45 1.149 88 Portfolio CITY AP Run Date:07/082003-10:33 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments May 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Treasury Discounts-Amortizing 912795NK3 3143 US Treasury Bill 04/17/2003 2,000,000.00 1,994,460.00 1,994,377.78 1.150 AAA 1.171 88 08/28/2003 Subtotal and Average 1,993,419.45 2,000,000.00 1,994,460.00 1,994,377.78 1.171 88 Total and Average 108,068,072.78 110,377,176.94 111,428,038.47 110,373,537.99 2.980 491 Portfolio CITY AP Run Date:07/082003-10:33 PM(PRF PM2)SymRept V8.21 City of HB Portfolio Management Page 5 Portfolio Details - Cash May 31, 2003 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 18,650.01 18,650.01 0 Subtotal 18,650.01 18,650.01 Total Cash and Investmentss 108,068,072.78 110,377,176.94 111,446,688.48 110,392,188.00 2.980 491 Portfolio CITY AP Run Date:07/08/2003-10:33 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Activity BY Type e Page 6 May 1, 2003 through May 31, 2003 Stated Transaction Purchases Redemptions CUSIP Investment 4 Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 312925LF5 3105 Federal Home Loan Mort Corp 5.000 05/09/2003 0.00 2,029,077.09 3136FOJP8 3011 Fed.Nat'l Mort.Assoc. 5.625 05/15/2003 0.00 1,000,000.00 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 5.550 05/16/2003 0.00 996,989.97 31359MMWO 3093 Fed.Nat'l Mort.Assoc. 3.750 05/12/2003 0.00 1,007,363.01 3136FIA34 3097 Fed.Nat'l Mort.Assoc. 4.125 05/02/2003 0.00 1,009,727.70 31359MPY3 3109 Fed.Nat'l Mort.Assoc. 3.000 05/27/2003 0.00 2,000,000.00 3136F2TT5 3115 Fed.Nat'l Mort.Assoc. 2.500 05/27/2003 0.00 1,000,000.00 3136F2T40 3133 Fed.Nat'l Mort.Assoc. 4.000 05/07/2003 0.00 1,000,000.00 Subtotal 0.00 10,043,157.77 45,254,000.14 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.769 2,442,000.00 2,500,000.00 SYS2206 2206 LAIF-Redevelopment Agency 1.769 1,150,000.00 0.00 Subtotal 3,592,000.00 2,500,000.00 37,686,176.94 Treasury Securities-Coupon Subtotal 1,999,856.62 Medium Term Notes Subtotal 7,476,228.74 Commercial Paper Disc.-Amortizing 02581SU74 3145 American Express 1.220 05/15/2003 1,996,407.78 0.00 313384PL7 3153 Federal Home Loan Bank 1.090 05/21/2003 1,988,978.89 0.00 36959JUE1 3146 General Electric Capital Corp 1.240 05/15/2003 997,933.33 0.00 17307KV14 3150 CITIGROUP Global 1.190 05/21/2003 1,995,240.00 0.00 17307KV48 3151 CITIGROUP Global 1.190 05/21/2003 997,520.83 0.00 Subtotal 7,976,080.83 0.00 11,973,993.32 Federal Agency Disc.-Amortizing 313396KK8 3152 Federal Home Loan Mort Corp 1.140 05/21/2003 1,994,616.67 0.00 313396LQ4 3154 Federal Home Loan Mort Corp 1.120 05/21/2003 1,992,906.67 0.00 Subtotal 3,987,523.34 0.00 3,988,904.45 Treasury Discounts-Amortizing Portfolio CITY AP Run Date:07/08/2003-10:33 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Y YP ActivityB Type May 1, 2003 through May 31, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Treasury Discounts-Amortizing Subtotal 1,994,377.78 Total 15,555,604.17 12,543,157.77 110,373,537.99 Portfolio CITY AP Run Date:07/08/2003-10:33 PM(PRF_PM3)SymRept V6.21 City of HB Portfolio Management Page 8 Activity Summary May 2002 through May 2003 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity May 2002 74 110,728,005.96 4.232 4.290 2.740 9 5 838 468 "June 2002 73 111,911,861.38 4.098 4.155 2.687 5 6 832 472 July 2002 69 108,270,068.04 4.070 4.126 2.714 10 14 861 506 August 2002 66 101,881,721.88 4.001 4.057 2.594 4 7 858 508 September 2002 62 99,320,920.60 3.902 3.956 2.604 7 11 843 519 October 2002 55 96,564,576.04 3.871 3.924 2.604 1 7 820 497 November 2002 55 93,727,818.76 3.644 3.695 2.301 7 7 830 508 December 2002 58 101,252,496.49 3.462 3.510 2.201 11 8 810 527 January 2003 58 107,056,629.59 3.517 3.566 2.103 6 6 892 618 February 2003 54 103,784,689.45 3.526 3.575 1.945 2 6 923 625 March 2003 53 100,384,000.65 3.405 3.452 1.904 4 5 902 609 April 2003 55 103,958,406.14 3.267 3.313 1.858 6 4 894 611 May 2003 54 108,068,072.78 2.939 2.980 1.769 7 8 758 491 Average 60 103,620,995.52 3.687% 3.738% 2.310 6 7 851 535 Portfolio CITY AP Run Date:07/08/2003-10:33 PM(PRF_PM4)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type May 2002 through May 2003 May June July August September October November December January February March April May Average Security Type 2002 2002 2002 2002 2002 2002 2002 2002 2003 2003 2003 2003 2003 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 42.4 42.5 46.0 47.9 47.2 46.3 46.4 46.8 51.3 50.9 49.8 51.5 41.0 46.9% Local Agency Investment Funds 29.8 28.4 26.5 28.6 33.4 38.6 34.3 32.8 33.0 36.7 37.0 34.1 34.1 32.9% Treasury Securities-Coupon 3.5 3.7 2.9 2.0 2.0 2.1 2.1 1.9 1.9 2.0 2.0 1.9 1.8 2.3% Medium Term Notes 11.0 8.7 8.3 8.6 7.5 6.8 6.8 6.2 7.1 7.5 7.3 7.0 6.8 7.6% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 5.3 8.3 4.9 3.1 2.0 2.1 6.3 10.5 6.6 3.0 3.9 3.7 10.9 5.4% Federal Agency Disc.-Amortizing 6.2 6.5 11.4 9.8 5.0 2.1 2.1 1.9 3.6 3.7% Treasury Discounts-Amortizing 1.8 1.9 3.0 2.1 2.1 1.9 1.8 1.1% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:07/08/2003-10:33 PM(PRF_PM5)SyrnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 5/31/03—ng CostPlus De cnptionAccruedtlnterest Pinch. Fair Value Accrued Interest United States Treasury: Bills $ 497,908,944.58 $ 498,722,000.00 NA Notes $ 6,874,664,343.94 $ 6,965,666,000.00 $ 33,308,929.00 Federal Agency: SBA $ 405,404,031.66 $ 402,648,124.88 $ 1,138,356.19 MBS $ 333,906,455.30 $ 331,683,376.31 $ 1,710,486.77 Bonds $ 2,208,733,097.05 $ 2,265,687,400.00 $ 18,272,147.30 Floaters $ - $ - $ - Discount Notes $ 7,640,442,495.60 $ 7,679,896,013.50 NA FHLMC PC $ 5,120,752.99 $ 5,630,807.21 $ 82,310.46 GNMA $ 579,522.07 $ 684,063.26 $ 5,764.25 Bankers Acceptances $ - $ - NA Bank Notes $ 500,000,000.00 $ 499,997,766.00 $ 2,166,388.89 CDs $ 11,405,156,315.53 $ 11,405,231,729.35 $ 49,454,922.21 Commercial Paper $ 12,177,828,248.56 $ 12,201,556,738.24 NA Corporate: Floaters $ 303,583,690.21 $ 302,664,490.00 $ 475,780.14 Bonds $ 1,670,547,239.12 $ 1,710,307,135.05 $ 27,275,396.93 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,575,095,000.00 $ 5,575,095,000.00 NA AB 55&GF Loans $ 9,202,364,320.93 $ 9,202,364,320.93 NA TOTAL $ 58,801,334,457.54 1 $ 59,047,834,964.73 $ 133,890,482.14 Fair Value Including Accrued Interest $ 59,181,725,446.87 Repurchase Agreements, Time Deposits,AB 55 &General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of May 31, 2003 Summary of investments by type Market Value Market Value Par Value Investment Type as of 04/30/03 as of 05/31/03 4,010,810 Local Agency Investment Fund(LAIF) 4,010,810 4,010,810 21,462,953 Investment Agreements 21,472,635 21,462,953 2,059,590 Money Market Funds 2,824,057 2,069,590 351,244 US Treasury Securities 351,244 351,244 27,884,597 28,658,746 27,894,597 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 04/30/03 as of 05/31/03 1,722,403 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(1992) 1,722,384 1,722,403 732,846 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) 730,363 732,846 17,027,779 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 17,027,736 17,027,779 2,621,159 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) 2,621,159 2,621,159 1,970,358 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 1,970,238 1,970,358 2,476,089 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility, Energy Retrofit) 2,475,293 2,476,089 65,349 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds (1992) 817,749 65,349 884,237 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 884,227 884,237 197,039 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 194,577 197,039 43,537 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 53,497 53,537 114,181 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 114,097 114,181 29,621 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 47,425 29,621 27,884,597 28,658,746 27,894,597 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2003 Beginning Distributions/ Balance Contributions/ Transfers/ Earnings Ending Balance (12-31-02) Transfers Payments (change in value) Other (3-31-03) ICMA Retirement Corporation (457 Plan) $14,081,623 $393,555 ($182,615) ($176,207) ($2,271) $14,114,084 ICMA Retirement Corporation (401 Plan) $195,574 $20,702 $0 ($2,608) $0 $213,668 Nationwide Retirement Solutions (457 Plan) $38,273,593 $1,119,024 ($936,976) ($166,416) $0 $38,289,225 Trust Deeds $336,704 $0 $0 $0 $0 $336,704 Total Deferred Compensation Plan Balances $52,887,494 $1,533,281 ($1,119,592) ($345,231) ($2,271) $52,953,682 May 2003 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA May s Report Shari L . Freidenrich , CPA, CCMT , CFMA July 21 , 2003 i reasurei s nepo 96 - Spar: Freide. rich, CPA; �CC_ll T CFMA May 2003 Investment Summary ( in millions) Financial Information: April May Inc./(Dec.) End of Month City Portfolio $107.351 $110.374 $3.023 End of Month General Fund Balance $12.921 $17.399 $4.478 End of Month Market Value $108.361 $111 .428 $3.067 Interest Earned for Month $0.286 $0.241 ($0.045) Earned Interest Yield Year to Date 3.59% 3.47% -0.12% Average Maturity ( in days) 611 491 (120) YTD Average Daily Balance $100.941 $101 .850 $0.909 Summary by Type: May % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $45.254 41 % None 1079 4.09% LAIF (State Pool) $37.686 34% $40 million 1 1 .77% U.S.Treasury Notes $2.000 2% None 52 5.27% Medium Term Notes $7.476 7% 20% 520 6.02% Discount Comm. Paper $11 .974 11% 25% 67 1 .21 % Discount Federal Agy $3.989 3% None 88 1 .15% Discount Treasury Note $1 .995 2% None 88 1 .17% Total $110.374 100% i RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: May 2003 Investment Summary Report COUNCIL MEETING DATE: July 21, 2003 RCA ATTACHMENTS = STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attome Not Applicable Certificates of Insurance (Approved by the City Attomey) Not Applicable Financial Impact Statement Unbud et, over$5,000 Not Applicable Bonds (If applicable) Not Applicable Staff Report If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS , REVIEWED RETURNED FORWARDED Administrative Staff Assistant City Administrator Initial City Administrator Initial [City Clerk EXPLANATION FOR RETURN OF ITEM: (Below •. For Only) RCA Author. REQUEST FOR LATE SUBMITTAL (To accompany RCA's submitted after Deadline Department: City Treasurer Subject May 2003 Monthly Investment Report Council Meeting Date: Date of This Request: 7/08/03 7/21/03 REASON (Why is this RCA being submitted late?): Additional information was needed to complete the report. EXPLANATION (Why is this RCA necessary to this agenda?): The City Treasurer submits a monthly investment report of city funds to the Mayor and City Council. To provide the Mayor and City Council with an investment report in the month of July, the May 2003 Investment Summary Report needs to be presented. CONSEQUENCES How shall delay of this RCA adversely impact the City?): The Mayor and City Council will not have a clear understanding of the financial status of the City without seeing the investment summary. Signature: approved Deni d "-�Ube6artrnent Head Ray S Iver City Adm' istrator \A....'Inner . -- n7/4 A In Council/Agency Meeting Held: Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied City Clerk's SignatYre Council Meeting Date: June 16, 2003 Department ID Number: CT 03-14 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City Treasur PREPARED BY: SHARI L. FREIDENRICH, City Treasur - SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S APRIL 2003F.� INVESTMENT SUMMARY REPORT Etatem:e:,t:o:f Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for April 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for April 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's . • • Number No. Description 1. Monthly Investment Report and Summary of Investments for April 2003. 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary information 4. April 2003 PowerPoint Presentation / n Jh Monthly Investment Report and Summary of Investments for April 2003 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for April, 2003 City Investment Portfolio: March April Inc./(Dec.) End of month City Portfolio Balance $102,429,968 $107,350,563 $4,920,595 End of month General Fund Balance $11,836,571 $12,920,640 $1,084,069 Earned Interest Yield Average 3.59% 3.34% -0.25% Average Maturity ( in days) 609 611 2 End of Month Market Value $103,522,748 $108,361,289 $4,838,541 End of month bank cash balance $5,122,690 $5,805,766 $683,076 Bond Proceeds Investments: March April Inc./(Dec.) End of Month Bond Reserve Par Value $34,611,608 $30,548,420 ($4,063,188) End of Month Bond Reserve Market Value $34,831,302 $30,766,602 ($4,064,700) Deferred Compensation Investments: 12/31/2002 3/31/2003 Inc./(Dec.) Participant Balances $52,887,494 $52,953,682 $66,188 Comparison to Budget/ City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $300,000 $285,566 ($14,434) Interest Earned Year to Date $2,100,000 $2,106,356 $6,356 Earned Interest Yield Year to Date 4.00% 3.59% -0.41% Summary by Individual Investment in City Investment Portfolio: Days Int. April % of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $55,298,166 51% None 1099 4.07% Local Agency Inv. Fund (LAIF) $36,594,177 34% $40 million 1 1.86% U.S. Treasury Notes - Coupon $1,999,921 2% None 83 5.27% Medium Term Notes $7,475,686 7% 20% 551 6.02% Disc. Commercial Paper $3,990,216 4% 25% 72 1.24% U.S. Treasury Notes - Discount $1,992,397 2% None 119 1.17% $107,350,563 100% o ��A--A.A 4& City of Huntington Beach City Of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 . Portfolio Summary April 30, 2003 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 55,210,060.00 55,903,069.85 55,298,166.04 51.51 1,470 1,099 4.010 4.065 Local Agency Investment Funds 36,594,176.94 36,594,176.94 36,594,176.94 34.09 1 1 1.833 1.858 Treasury Securities-Coupon 2,000,000.00 2,019,070.00 1,999,920.75 1.86 1,572 83 5.196 5.268 Medium Term Notes 7,481,000.00 7,862,272.40 7,475,686.25 6.96 1,448 551 5.938 6.020 Commercial Paper Disc.-Amortizing 4,000,000.00 3,990,240.00 3,990,215.55 3.72 110 72 1.225 1.242 Treasury Discounts-Amortizing 2,000,000.00 1,992,460.00 1,992,397.22 1.86 133 119 1.155 1.171 Investments 107,285,176.94 108,361,289.19 107,350,562.75 100.00% 894 611 3.267 3.313 Cash and Accrued Interest Accrued Interest at Purchase 18,650.01 18,650.01 Subtotal 18,650.01 18,650.01 Total Cash and Investments 107,285,176.94 108,379,939.20 107,369,212.76 894 611 3.267 3.313 Total Earnings April 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 285,565.72 2,106,355.51 Current Budget 300,000.00 2,100,000.00 3,600,000.00 Last Year Actual 414,150.56 2,964,359.08 4,812,507.05 Average Daily Balance 103,958,406.14 100,941,258.67 Effective Rate of Return 3.34% 3.59% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 16,2002. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. S-Lz-o3 SHA .F N ICH,CITY TREASURER Portfolio CITY AP Run Date:05/20/2003-10:41 PM(PRF PM1)SymRepl V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments April 30, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 2,016,880.00 2,000,000.00 2.730 AAA 2.730 1,246 09/28/2006 31331QXV4 3140 Federal Farm Credit Bank 04/03/2003 2,000,000.00 2,003,120.00 2,000,000.00. 2.680 AAA 2.681 978 01/03/2006 31331QNFO 3144 Federal Farm Credit Bank 04/25/2003 1,750,000.00 1,753,832.50 1,754,350.51 3.000 AAA 2.912 1,082 04/17/2006 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,014,690.00 999,165.11 5.125 AAA 5.380 137 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,015,000.00 1,000,231.20 5.630 AAA 5.546 124 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,111,563.70 1,105,185.62 5.690 AAA 5.540 49 06/19/2003 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,058,120.00 2,000,000.00 6.330 AAA 6.330 956 12/12/2005 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,014,060.00 1,000,000.00 5.250 AAA 5.250 1,237 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,015,940.00 1,000,000.00 5.000 AAA 5.000 879 09/26/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1,016,250.00 1,000,000.00 4.540 AAA 4.540 942 11/28/2005 3133MRHY1 3120 Federal Home Loan Bank 12/20/2002 1,355,000.00 1,369,403.65 1,372,503.88 4.250 AAA 3.920 1,588 09/05/2007 3133MUM77 3121 Federal Home Loan Bank 12/30/2002 1,000,000.00 1,001,560.00 1,000,000.00 2.740 AAA 2.741 883 09/30/2005 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 2,000,620.00 2,000,000.00 3.020 AAA 3.020 1,803 04/07/2008 312925NCO 3077 Federal Home Loan Mort Corp 06/04/2002 1,000,000.00 1,002,260.00 1,000,000.00 3.700 AAA 3.700 400 06/04/2004 312925/A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,070,000.00 1,997,226.58 4.500 AAA 4.537 1,544 07/23/2007 312925LF5 3105 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,001,700.00 2,029,238.63 5.000 AAA 4.591 1,469 05/09/2007 3129256U9 3106 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,009,380.00 1,998,998.84 2.875 AAA 2.897 879 09/26/2005 312925XS4 3130 Federal Home Loan Mort Corp 01/17/2003 2,000,000.00 2,014,420.00 2,030,027.17 5.000 AAA 4.638 1,716 01/11/2008 3128XOU72 3135 Federal Home Loan Mort Corp 03/26/2003 2,000,000.00 2,015,280.00 2,000,000.00 3.400 AAA 3.400 1,791 03/26/2008 3128XOU80 3137 Federal Home Loan Mort Corp 04/02/2003 2,000,000.00 2.016,820.00 2,000,000.00 3.000 AAA 3.000 1,432 04/02/2007 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,041,370.00 1,000,000.00 5.910 AAA 5.909 323 03/19/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,049,510.00 996,956.64 6.000 AAA 6.343 382 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,014,690.00 1,000,000.00 7.300 AAA 7.300 816 07/25/2005 313641<51-0 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,034,380.00 1,000,000.00 5.550 AAA 5.550 1,050 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,031,880.00 1,000,000.00 5.300 AAA 5.300 1,063 03/29/2006 3136FOJP8 3011 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,001,560.00 1,000,000.00 5.625 AAA 5.625 1.110 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1,001,560.00 996,948.16 5.550 AAA 5.666 1.111 05/16/2006 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,060,940.00 1,000,000.00 5.010 AAA 5.010 1,385 02/14/2007 3136F1MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,009,380.00 1,000,000.00 4.350 AAA 4.350 847 08/25/2005 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,073,750.00 1,000,000.00 5.350 AAA 5.350 1,442 04/12/2007 31359MMWO 3093 Fed.Nat'l Mort.Assoc. 07/15/2002 1,000.000.00 1,000,630.00 1,007,587.99 3.750 AAA 2.987 377 05/12/2004 3136FIA34 3097 Fed.Nat'l Mort.Assoc. 07/18/2002 1,000,000.00 1,000,000.00 1,009,745.71 4.125 AAA 3.443 551 11/02/2004 31359MPY3 3109 Fed.Nat'l Mort.Assoc. 11/27/2002 2,000,000.00 2,001,880.00 2,000,000.00 3.000 AAA 3.000 942 11/28/2005 3136F2TT5 3115 Fed.Nat'l Mort.Assoc. 11/27/2002 1,000,000.00 1,000,940.00 1,000,000.00 2.500 AAA 2.500 757 05/27/2005 3136F2A81 3119 Fed.Nat'l Mort.Assoc. 12/30/2002 2,000,000.00 2,003,760.00 2,000,000.00 2.500 AAA 2.500 791 06/30/2005 3136F2A99 3124 Fed.Nat'l Mort.Assoc. 12/30/2002 1,000,000.00 1,009,060.00 1,000,000.00 3.000 AAA 3.000 1,156 06/30/2006 Portfolio CITY AP Run Date:05202003-10:41 PM(PRF_PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments April 30, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31361721-97 3131 Fed.Nat'l Mort.Assoc. 01/30/2003 2,000,000.00 2,037,500.00 2,000,000.00 4.000 AAA 4.000 1,735 01/30/2008 3136F2Q76 3132 Fed.Nat'l Mort.Assoc. 01/28/2003 2,000.000.00 2,007,500.00 2,000,000.00 3.200 AAA 3.200 1,184 07/28/2006 3136F2T40 3133 Fed.Nat'l Mort.Assoc. 02/07/2003 1,000,000.00 1,000,630.00 1,000,000.00 4.000 AAA 4.000 1,743 02/07/2008 31359MRES 3139 Fed.Nat'l Mort.Assoc. 04/03/2003 1,000,000.00 1,001,250.00 1,000,000.00 2.375 AAA 2.375 886 10/03/2005 Subtotal and Average 54,946,473.68 55,210,000.00 55,903,069.85 55,298,166.04 4.065 1,099 Local Agency Investment Funds SYS982 982 Lail City 17,808,830.33 17,808,830.33 17,808,830.33 1.858 NR 1.858 1 SYS2206 2206 LAIF-Redevelopment Agency 18,785,346.61 18,785,346.61 18,785,346.61 1.858 NR 1.858 1 Subtotal and Average 34,618,716.11 36,594,176.94 36,594,176.94 36,594,176.94 1.858 1 Treasury Securities-Coupon 9128274K5 2875 United States Treasury Note 02/22/1999 1,000,000.00 1,007,190.00 1,000,389.40 5.375 AAA 5.106 60 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,011,880.00 999,531.35 5.250 AAA 5.431 106 08/15/2003 Subtotal and Average 1,999,950.74 2,000,000.00 2,019,070.00 1,999,920.75 5.268 83 Medium Term Notes 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 1,015,490.00 1,006,416.56 2.850 Aaa 2.590 945 12/01/2005 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,030,400.00 998,052.14 5.400 Aaa 5.700 277 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 529,292.40 475,281.35 6.250 Aa3 6.800 945 12/01/2005 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000,000.00 1,010,710.00 999,281.08 6.267 Aaa 6.620 83 07/23/2003 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,027,050.00 1,000,899.85 6.810 Aaa 6.610 186 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,097,710.00 999,139.56 7.500 Aa3 7.559 652 02/11/2005 17296713177 3013 Citigroup 05/10/2001 1,000,000.00 1,094,610.00 998,832.35 5.750 Aa2 5.795 1,105 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,057,010.00 997,783.36 6.700 Al 6.920 417 06/21/2004 Subtotal and Average 7,475,424.03 7,481,000.00 7,862,272.40 7,475,686.25 6.020 551 Commercial Paper Disc.-Amortizing 36959JV18 3142 General Electric Capital Corp 03/24/2003 2,000,000.00 1,993,860.00 1,993,866.66 1.200 Aaa 1.222 92 08/01/2003 6174513TP2 3141 Morgan Stanley Dean Witter 03/24/2003 2,000,000.00 1,996,380.00 1,996,348.89 1.240 Aa3 1.261 53 06/23/2003 Subtotal and Average 3,988,250.00 4,000,000.00 3,990,240.00 3,990,215.55 1.242 72 Treasury Discounts-Amortizing 912795NK3 3143 US Treasury Bill 04/17/2003 2,000,000.00 1,992,460.00 1,992,397.22 1.150 AAA 1.171 119 08/28/2003 Subtotal and Average 929,591.58 2,000,000.00 1,992,460.00 1,992,397.22 1.171 119 Portfolio CITY AP Run Date:05/20/2003-10:41 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments April 30, 2003 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Total and Average 103,958,406.14 107,285,176.94 108,361,289.19 107,350,562.75 3.313 611 Portfolio CITY AP Run Date:05/20/2003-10:41 PM(PRF_PM2)SyrnRept V6.21 City of HB Portfolio Management Page 5 Portfolio Details -Cash April 30, 2003 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 18,650.01 18,650.01 0 Subtotal 18,650.01 18,650.01 Total Cash and Investmentss 103,958,406.14 107,285,176.94 168,379,939.20 107,369,212.76 3.313 611 Portfolio CITY AP Run Date:05/20/2003-10:41 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 6 Activity By Type April 1, 2003 through April 30, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331QXV4 3140 Federal Farm Credit Bank 2.680 04/03/2003 2,000,000.00 0.00 31331QNFO 3144 Federal Farm Credit Bank 3.000 04/25/2003 1,754,375.00 0.00 3133MURM9 3122 Federal Home Loan Bank 4.120 04/09/2003 0.00 1,000,000.00 3133MXEL9 3136 Federal Home Loan Bank 3.020 04/07/2003 2,000,000.00 0.00 312923WL5 3008 Federal Home Loan Mort Corp 5.530 04/24/2003 0.00 1,000,000.00 3128XOU80 3137 Federal Home Loan Mort Corp 3.000 04/02/2003 2,000,000.00 0.00 3136FOEW8 3009 Fed.Nat'l Mort.Assoc. 5.510 04/17/2003 0.00 999,811.87 3136F2KV9 3125 Fed.Nat'l Mort.Assoc. 4.000 04/04/2003 0.00 1,508,235.78 31359MRES 3139 Fed.Nat'l Mort.Assoc. 2.375 04/03/2003 1,000,000.00 0.00 Subtotal 8,754,375.00 4,508,047.65 55,298,166.04 Local Agency Investment Funds (Monthly Summary) SYS982 982 LaifCity 1.858 3,595,170.66 5,750,000.00 SYS2206 2206 LAIF-Redevelopment Agency 1.858 3,834,388.26 3,000,000.00 Subtotal 7,429,558.92 8,750,000.00 36,594,176.94 Treasury Securities-Coupon Subtotal 1,999,920.75 Medium Term Notes Subtotal 7,475,686.25 Commercial Paper Disc.-Amortizing Subtotal 3,990,215.55 Treasury Discounts-Amortizing 912795NK3 3143 US Treasury Bill 1.150 04/17/2003 1,991,502.78 0.00 Subtotal 1,991,502.78 0.00 1,992,397.22 Total 18,175,436.70 13,258,047.65 107,350,562.75 Portfolio CITY AP Run Date:05/20/2003-10:41 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary April 2002 through April 2003 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 2002 70 108,878,225.21 4.496 4.558 2.845 2 2 907 513 May 2002 74 110,728,005.96 4.232 4.290 2.740 9 5 838 468 June 2002 73 111,911,861.38 4.098 4.155 2.687 5 6 832 472 July 2002 69 108,270,068.04 4.070 4.126 2.714 10 14 861 506 August 2002 66 101,881,721.88 4.001 4.057 2.594 4 7 858 508 September 2002 62 99,320,920.60 3.902 3.956 2.604 7 11 843 519 October 2002 55 96,564,576.04 3.871 3.924 2.604 1 7 820 497 November 2002 55 93,727,818.76 3.644 3.695 2.301 7 7 830 508 December 2002 58 101,252,496.49 3.462 3.510 2.201 11 8 810 527 January 2003 58 107,056,629.59 3.517 3.566 2.103 6 6 892 618 February 2003 54 103,784,689.45 3.526 3.575 1.945 2 6 923 625 March 2003 53 100,384,000.65 3.405 3.452 1.904 4 5 902 609 April 2003 55 103,958,406.14 3.267 3.313 1.858 6 4 894 611 Average 62 103,671,267.66 3.807% 3.860% 2.392 6 7 862 537 Portfolio CITY AP Run Date:05/20/2003-10:41 PM(PRF_PM4)SynnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type April 2002 through April 2003 April May June July August September October November December January February March April Average Security Type 2002 2002 2002 2002 2002 2002 2002 2002 2002 2003 2003 2003 2003 by Period Repurchase Agreements ........ ....._... ......... ....... ......... . _ ...... ..... . _....... ....... _...._. ......---... Certificates of Deposit Commercial Paper-Interest Bearing .. . ......... .. ......... .... ... ....... ... _...... ..... ......... ........ ... ......... ...... Federal Agency Issues-Coupon 46.4 42.4 42.5 46.0 47.9 47.2 46.3 46.4 46.8 51.3 50.9 49.8 51.5 47.3% ..._..... . _-.... ......... ._....... ..................................._- .... ......... .... .....__... ..... .......-. _. ... ................ ........ _ ......... ......... ......... Local Agency Investment Funds 34.9 29.8 28.4 26.5 28.6 33.4 38.6 34.3 32.8 33.0 36.7 37.0 34.1 32.9% Treasury Securities-Coupon 3.6 3.5 3.7 2.9 2.0 2.0 2.1 2.1 1.9 1.9 2.0 2.0 1.9 2.4% .. ........ ....___.... __- ......... ..... ...... ....... .__....._. ...--__.. .......... .. .. ........ ......... . .... ..... - ........ _.._.... _..--- ..... Medium Term Notes 11.3 11.0 8.7 8.3 8.6 7.5 6.8 6.8 6.2 7.1 7.5 7.3 7.0 8.0% ..... . ..... ........ . . .._....... ......... Negotiable CD's _ ............ _ __ _. .. ._ ........ - Certificates of Deposit-Bank ..._.._....- ......... ......... ....... ....._..._. ......... ... .. ......... ....... ........ Mortgage Backed Securities ..... ...... .. ......... ................... ......... _ ......... .. ....... ........ ........ ...__._ ...... .-. - .. .-. _ ......... ......... ......... Bankers Acceptances-Amortizing CommercialPaper Disc. ............... ......... ......... ....... ....__.. ......... .. ........ . ....... .. ........... ........-- .. ....... ......... - .._......................... ....... ......... ....... ......... ....__ Federal Agency Disc.-Amortizing 3.8 6.2 6.5 11.4 9.8 5.0 2.1 2.1 1.9 3.8% ........ ..----.... ......... ......... . . ..... ...... . ....- . .......__-_. ......... ... .. ..... ........ .......____ ... ........- ......... .. . .._- Treasury Discounts-Amortizing 1.8 1.9 3.0 2.1 2.1 1.9 1.0% __..... .__..._.. - ....._... .. ..... .... Miscellaneous Discounts-Amortizing ...._._ ......... ................. ... . . ..... ...... ...... ..... - . .... ......... ...... _ ......... ._......_. ..... ......... Rolling Repurchase Agreements .... ...... .. ......._. . ......... ................. ................... ... ...._....... ........._............ ........ . .......__._ ......... __..... ....... ......... ..__-.............................. ......... ............. ... Portfolio CITY AP Run Date:05/20/2003-10:41 PM(PRF_PM5)SynnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 4/30/03 k Carrying Cost Plus . j, �� x W k .��Descr�ption' � ,- Accrued Interest,Purchn � �� _Fair�Value� r,�;��Accrued�lnterest United States Treasury: Bills $ 995,409,264.00 $ 997,941,000.00 NA Notes $ 5,717,883,291.62 $ 5,813,850,500.00 $ 82,652,737.50 Federal Agency: SBA $ 386,359,592.77 $ 383,869,252.49 $ 1,090,773.32 MBS $ 386,278,859.06 $ 383,952,178.72 $ 1,981,423.06 Bonds $ 2,447,781,813.41 $ 2,505,362,100.00 $ 31,437,690.65 Floaters $ - $ - $ . - Discount Notes $ 8,623,230,447.78 $ 8,660,190,223.50 NA FHLMC PC $ 5,263,670.73 $ 5,785,548.35 $ 84,631.84 GNMA $ 585,953.50 $ 689,316.30 $ 5,827.96 Bankers Acceptances $ - $ - NA Bank Notes $ 400,000,000.00 $ 400,011,402.00 $ 1,698,944.45 CDs $ 11,105,091,703.60 $ 11,105,631,978.55 $ 39,458,227.76 Commercial Paper $ 13,793,929,451.93 $ 13,818,200,336.37 NA Corporate: Floaters $ 313,583,539.55 $ 312,202,170.00 $ 789,150.69 Bonds $ 1,739,794,218.79 $ 1,777,632,306.54 $ 29,562,023.95 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,520,095,000.00 $ 5,520,095,000.00 NA AB 55&GF Loans $ 8,553,597,738.88 $ 8,553,597,738.88 NA TOTAL $ 59,988,884,545.62 $ 60,239,011,051.70 $ 188,761,431.18 Fair Value Including Accrued Interest $ 60,427,772,482.88 Repurchase Agreements, Time Deposits,AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of April 30, 2003 Summary of investments by type Market Value Market Value Par Value Investment Type as of 3/31/03 as of 04/30/03 4,010,810 Local Agency Investment Fund (LAIF) 4,009,963 4,010,810 21,472,635 Investment Agreements 21,471,826 21,472,635 1,889,674 Federal Government Agency 2,111,652 2,107,856 2,824,056 Money Market Funds 6,886,616 2,824,057 351,244 US Treasury Securities 351,244 351,244 30,548,420 34,831,302 30,766,602 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 3/31/03 as of 04/30/03 1,722,384 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(1992) 1,696,266 1,722,384 730,363 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) 4,789,740 730,363 18,917,411 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 19,139,313 19,135,592 2,621,159 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) 2,621,158 2,621,159 1,970,238 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 2,022,224 1,970,238 2,475,293 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility, Energy Retrofit) 2,474,446 2,475,293 817,749 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds (1992) 817,112 817,749 884,227 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 884,218 884,227 194,577 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 191,561 194,577 53,497 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 53,435 53,497 114,097 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 114,003 114,097 47,425 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 27,826 47,425 30,548,420 34,831,302 30,766,602 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2003 Beginning Distributions/ Balance Contributions/ Transfers/ Earnings Ending Balance (12-31-02) Transfers Payments (change in value) Other (3-31-03) ICMA Retirement Corporation (457 Plan) $14,081,623 $393,555 ($182,615) ($176,207) ($2,271) $14,114,084 ICMA Retirement Corporation (401 Plan) $195,574 $20,702 $0 ($2,608) $0 $213,668 Nationwide Retirement Solutions (457 Plan) $38,273,593 $1,119,024 ($936,976) ($166,416) $0 $38,289,225 Trust Deeds $336,704 $0 $0 $0 $0 $336,704 Total Deferred Compensation Plan Balances $52,887,494 $1,533,281 ($1,119,592) ($345,231) ($2,271) $52,953,682 April 2003 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA April Treasurer' s Report �i Shari L . Freidenrich , CPA, CCMT, CFMA June 5, 2003 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA April 2003 Investment Summary ( in millions) Financial Information: March April Inc./(Dec.) End of Month City Portfolio $102.429 $107.351 $4.922 End of Month General Fund Balance $11 .836 $12.921 $1 .085 End of Month Market Value $103.522 $108.361 $4.839 Interest Earned for Month $0.305 $0.286 ($0.019) Earned Interest Yield Year to Date 3.64% 3.59% -0.05% Average Maturity ( in days) 609 611 2 YTD Average Daily Balance $100.444 $100.941 $0.497 Summary by Type: April %of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $55.298 51 % None 1099 4.07% LAIF (State Pool) $36.594 34% $40 million 1 1 .86% U.S.Treasury Notes $2.000 2% None 83 5.27% Medium Term Notes $7.476 7% 20% 551 6.02% Discount Comm. Paper $3.990 4% 25% 72 1 .24% Discount Treasury Note $1 .993 2% None 119 1 .17% Total $107.351 100% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: April 2003 Investment Summary Report COUNCIL MEETING DATE: June 16, 2003 RCA.ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION-FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED` Administrative Staff Assistant City Administrator Initial -City Administrator (Initial) &.City Clerk EXPLANATION FOR RETURN OF ITEM: SpaceOnly) RCA Author: i 1 J Council/Agency Meeting Held: S Deferred/Continued to: pproved ❑ Conditionally Approved ❑ Denied City Clerk's Signature Council Meeting Date: May 5, 2003 Department ID Number: CT 03-13 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION C 0 o - SUBMITTED TO: HONORABLE MAYOR AND CITY COUNC L MEMBE-RS`; SUBMITTED BY: SHARI L. FREIDENRICH, City Treasur w `' PREPARED BY: SHARI L. FREIDENRICH, City Treasur SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MAMU' 2V03 INVESTMENT SUMMARY REPORT Fstatement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for March 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for March 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. y Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for March 2003. 2. Schedu!c of Bond Investments 3. Deferred Compensation Plan Summary Information 4. March 2003 PowerPoint Presentation �lV Monthly Investment Report and Summary of Investments for March 2003 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for March, 2003 City Investment Portfolio: February March Inc./(Dec.) End of month City Portfolio Balance $100,281,129 $102,429,968 $2,148,839 End of month General Fund Balance $7,909,170 $11,836,571 $3,927,401 Earned Interest Yield Average 3.71% 3.59% -0.12% Average Maturity ( in days) 625 609 -16 End of Month Market Value $101,499,869 $103,522,748 $2,022,878 End of month bank cash balance $6,394,958 $5,122,690 ($1,272,268) Bond Proceeds Investments:* January February Inc./(Dec.) End of Month Bond Reserve Par Value $36,106,293 $36,646,372 $540,079 End of Month Bond Reserve Market Value $36,303,734 $36,884,790 $581,056 Deferred Compensation Investments:** 9/30/2002 12/31/2002 Inc./(Dec.) Participant Balances $50,824,035 $52,887,494 $2,063,459 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $300,000 $305,997 $5,997 Interest Earned Year to Date $1,800,000 $1,821,344 $21,344 Earned Interest Yield Year to Date 4.00% 3.64% -0.36% *Bond Proceeds Statements lag by one month. **Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days I nt. March % of Total Policy Limit to Mat. Rate Federal Agency Issues- Coupon $51,054,075 50% None 1124 4.33% Local Agency Inv. Fund (LAIF) $37,914,618 37% $40 million 1 1.90% U.S. Treasury Notes- Coupon $1,999,983 2% None 113 5.27% Medium Term Notes $7,475,144 7% 20% 581 6.02% Disc. Commercial Paper $3,986,149 4% 25% 102 1.24% $102,429,968 100% 01� City Of HB 200o Main St Portfolio Management Huntington Beach,CA,92648 El •� Portfolio Summary March 31, 2003 City of Huntington Beach Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 50,960,000.00 51,712,020.00 51,054,074.82 49.84 1,527 1,124 4.268 4.327 Local Agency Investment Funds 37,914,618.02 37,914,618.02 37,914,618.02 37.02 1 1 1.878 1.904 Treasury Securities-Coupon 2,000,000.00 2,025,940.00 1,999,982.80 1.95 1,572 113 5.196 5.268 Medium Term Notes 7,481,000.00 7,883,629.87 7,475,143.75 7.30 1,448 581 5.937 6.020 Commercial Paper Disc.-Amortizing 4,000,000.00 3,986,540.00 3,986,148.88 3.89 110 102 1.225 1.242 Investments 102,355,618.02 103,522,747.89 102,429,968.27 100.001/6 902 609 3.405 3.452 Cash and Accrued Interest Accrued Interest at Purchase 17,025.01 17,025.01 Subtotal 17,025.01 17,025.01 Total Cash and Investments 102,355,618.02 103,539,772.90 102,446,993.28 902 609 3.405 3.452 Total Earnings March 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 305,996.80 1,821,344.45 Current Budget 300,000.00 1,800,000.00 3,600,000.00 Last Year Actual 414,255.00 2,550,208.52 4,812,507.05 Average Daily Balance 100,384,000.65 100,443,926.67 Effective Rate of Return 3.59% 3.64% certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 16,2002. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. C/-/e SHA . F EID R H,CITY TREASURER Portfolio CITY AP Run Date:04/14/2003-12:15 PM(PRF_PM1)SynnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments March 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 03/28/2003 2,000,000.00 2,013,120.00 2,000,000.00 2.730 AAA 2.730 1,276 09/28/2006 3133M50139 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,018,130.00 998,978.19 5.125 AAA 5.380 167 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,018,750.00 1,000,288.52 5.630 AAA 5.546 154 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1.105,000.00 1,115.707.45 1,105,301.64 5.690 AAA 5.540 79 06/19/2003 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,065,000.00 _ 2,000,000.00 6.330 AAA 6.330 986 12/12/2005 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,017,190.00 1,000,000.00 5.250 AAA 5.250 1,267 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,018,750.00 1,000,000.00 5.000 AAA 5.000 909 09/26/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1.018,130.00 1,000,000.00 4.540 AAA 4.540 972 11/28/2005 3133MRY1 3120 Federal Home Loan Bank 12/20/2002 1,355,000.00 1.372,357.55 1,372,839.63 4.250 AAA 3.920 1,618 09/05/2007 3133MUM77 3121 Federal Home Loan Bank 12/30/2002 1,000,000.00 1,002,190.00 1,000,000.00 2.740 AAA 2.741 913 09/30/2005 3133MURM9 3122 Federal Home Loan Bank 01/09/2003 1,000,000.00 1,000,630.00 1,000,000.00 4.120 AAA 4.120 1,744 01/09/2008 312923WL5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000,000.00 1,002,180.00 1,000,000.00 5.530 AAA 5.530 1.119 04/24/2006 312925NCO 3077 Federal Home Loan Mort Corp 06/04/2002 1,000,000.00 1,004.260.00 1,000,000.00 3.700 AAA 3.700 430 06/04/2004 312925/A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,070,620.00 1,997,171.91 4.500 AAA 4.537 1,574 07/23/2007 312925LF5 3105 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,008,100.00 2,029,844.40 5.000 AAA 4.591 1,499 05/09/2007 3129256U9 3106 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,010,620.00 1,998,964.12 2.875 AAA 2.897 909 09/26/2005 312925XS4 3130 Federal Home Loan Mort Corp 01/17/2003 2,000,000.00 2,019,660.00 2.030,560.20 5.000 AAA 4.638 1,746 01/11/2008 3128XOU72 3135 Federal Home Loan Mort Corp 03/26/2003 2,000,000.00 2,004,740.00 2,000,000.00 3.400 AAA 3.400 1,821 03/26/2008 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,045,060.00 1,000,000.00 5.910 AAA 5.909 353 03/19/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,052,900.00 996,713.82 6.000 AAA 6.343 412 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,019,690.00 1,000,000.00 7.300 AAA 7.300 846 07/25/2005 31364K5LO 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,037,500.00 1,000,000.00 5.550 AAA 5.550 1.080 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,034,690.00 1.000,000.00 5.300 AAA 5.300 1,093 03/29/2006 3136FOEWB 3009 Fed.Nat'l Mort.Assoc. 04/23/2001 1,000,000.00 1,001,560.00 999,809.09 5.510 AAA 5.517 1,112 04/17/2006 3136FOJP8 3o11 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,004,690.00 1,000,000.00 5.625 AAA 5.625 1,140 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1,004,690.00 996,864.55 5.550 AAA 5.666 1,141 05/16/2006 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,063,440.00 1,000,000.00 5.010 AAA 5.010 1,415 02/14/2007 3136FIMRB 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,011,560.00 1,000,000.00 4.350 AAA 4.350 877 08/25/2005 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,076,560.00 1,000,000.00 5.350 AAA 5.350 1,472 04/12/2007 31359MMWO 3093 Fed.Nat'l Mort.Assoc. 07/15/2002 1,000,000.00 1,002,810.00 1,008,201.58 3.750 AAA 2.987 407 05/12/2004 3136F1A34 3097 Fed.Nat'l Mort.Assoc. 07/18/2002 1,000,000.00 1,002.500.00 1,010,286.14 4.125 AAA 3.443 581 11/02/2004 31359MPY3 3109 Fed.Nat'l Mort.Assoc. 11/27/2002 2,000,000.00 2,003,760.00 2,000,000.00 3.000 AAA 3.000 972 11/28/2005 3136F2TT5 3115 Fed.Nat'l Mort.Assoc. 1.1/27/2002 1,000,000.00 1,001,880.00 1,000,000.00 2.500 AAA 2.500 787 05/27/2005 3136F2A81 3119 Fed.Nat'l Mort.Assoc. 12/30/2002 2,000,000.00 2,005,000.00 2,000,000.00 2.500 AAA 2.500 821 06/30/2005 3136F2A99 3124 Fed.Nat'l Mort.Assoc. 12/30/2002 1,000,000.00 1,010,630.00 1,000,000.00 3.000 AAA 3.000 1,186 06/30/2006 3136F2KV9 3125 Fed.Nat'l Mort.Assoc. 12/20/2002 1,51)0,000.00 1,500.465.00 1,508,251.03 4.000 AAA 3.864 1,647 10/04/2007 Portfolio CITY AP Run Date:04/14/2003-12:15 PM(PRF_PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments March 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31361`21_97 3131 Fed.Nat'l Mort.Assoc. 01/30/2003 2,000,000.00 2,039,380.00 2,000,000.00 4.000 AAA 4.000 1,765 01/30/2008 3136F2Q76 3132 Fed.Nat'l Mort.Assoc. 01/28/2003 2,000,000.00 2,010,620.00 2,000,000.00 3.200 AAA 3.200 1,214 07/28/2006 3136F2T40 3133 Fed.Nat'l Mort.Assoc. 02/07/2003 1,000,000.00 1.002,500.00 1,000,000.00 4.000 AAA 4.000 1,773 02/07/2008 Subtotal and Average 49,566,427.96 50,960,000.00 51,712,020.00 51,064,074.82 4.327 1,124 Local Agency Investment Funds SYS982 982 Laif City 19,963,659.67 19,963,659.67 19,963,659.67 1.904 NR 1.904 1 SYS2206 2206 LAIF-Redevelopment Agency 17,950,958.35 17,950,958.35 17,950,958.35 1.904 NR 1.904 1 Subtotal and Average 38,637,198.67 37,914,618.02 37,914,618.02 37,914,618.02 1.904 1 Treasury Securities-Coupon 9128274K5 2875 United States Treasury Note 02/22/1999 1,000,000.00 1,010,630.00 1,000,584.09 5.375 AAA 5.106 90 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,015,310.00 999,398.71 5.250 AAA 5.431 136 08/15/2003 Subtotal and Average 2,000,013.84 2,000,000.00 2,025,940.00 1,999,982.80 5.268 113 Medium Tenn Notes 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 1,016,060.00 1,006,623.54 2.850 Aaa 2.590 975 12/01/2005 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,034,460.00 997,836.51 5.400 Aaa 5.700 307 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 529,229.87 475,096.88 6.250 Aa3 6.800 975 12/01/2005 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000,000.00 1,015,220.00 999,018.07 6.267 Aaa 6.620 113 07/23/2003 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,032,220.00 1,001,048.18 6.810 Aaa 6.610 216 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,101,340.00 999,099.22 7.500 Aa3 7.559 682 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,092,990.00 998,800.18 5.750 Aa2 5.795 1,135 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,062,110.00 997,621.17 6.700 Al 6.920 447 06/21/2004 Subtotal and Average 7,474,889.99 7,481,000.00 7,883,629.87 7,475,143.75 6.020 581 Commercial Paper Disc.-Amortizing 36959JV18 3142 General Electric Capital Corp 03/24/2003 2,000,000.00 1,992,080.00 1,991,866.66 1.200 Aaa 1.222 122 08/01/2003 61745BTP2 3141 Morgan Stanley Dean Witter 03/24/2003 2,000,000.00 1,994,460.00 1,994,282.22 1.240 Aa3 1.261 83 06/23/2003 Subtotal and Average 2,705,470.20 4,000,000.00 3,986,540.00 3,986,148.88 1.242 102 Portfolio CITY AP Run Date:04/14/2003-12:15 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments March 31, 2003 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Total and Average 100,384,000.66 102,355,618.02 103,522,747.89 102,429,968.27 3.452 609 Portfolio CITY AP Run Date:04/14/2003-12:15 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 5 Portfolio Details -Cash March 31, 2003 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 17,025.01 17,025.01 0 Subtotal 17,025.01 17,025.01 Total Cash and Investmentss 100,384,000.65 102,355,618.02 103,639,772.90 102,446,993.28 3.452 609 Portfolio CITY AP Run Date:04/14/2003-12:15 PM(PRF PM2)SymRept V6.21 City of HB Portfolio Management Activity By Type Page s March 1, 2003 through March 31, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331QXM4 3138 Federal Farm Credit Bank 2.730 03/28/2003 2,000,000.00 0.00 3133MAWZ8 2942 Federal Home Loan Bank 7.440 03/07/2003 0.00 1,000,000.00 3133MW6V8 3134 Federal Home Loan Bank 3.000 03/21/2003 0.00 2,000,000.00 312925AT7 3069 Federal Home Loan Mort Corp 5.000 03/13/2003 0.00 987,458.19 3128XOU72 3135 Federal Home Loan Mort Corp 3.400 03/26/2003 2,000,000.00 0.00 Subtotal 4,000,000.00 3,987,458.19 51,054,074.82 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.904 1,000,000.00 0.00 SYS2206 2206 LAIF-Redevelopment Agency 1.904 2,150,000.00 2,000,000.00 Subtotal 3,150,000.00 2,000,000.00 37,914,618.02 Treasury Securities-Coupon Subtotal 1,999,982.80 Medium Term Notes Subtotal 7,475,143.75 Commercial Paper Disc.-Amortizing 36959JQM8 3117 General Electric Capital Corp 1.330 03/21/2003 0.00 1,000,000.00 36959JV18 3142 General Electric Capital Corp 1.260 03/24/2003 1,991,333.33 0.00 61745BQH3 3123 Morgan Stanley Dean Witter 1.320 03/17/2003 0.00 2,000,000.00 61745BTP2 3141 Morgan Stanley Dean Witter 1.240 03/24/2003 1,993,731.11 0.00 Subtotal 3,985,064.44 3,000,000.00 3,986,148.88 Total 11,135,064.44 8,987,458.19 102,429,968.27 Portfolio CITY AP Run Date:04/14/2003-12:15 PM(PRF_PM3)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary March 2002 through March 2003 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity March 2002 70 108,022,090.63 4.462 4.524 2.861 3 2 876 494 April 2002 70 108,878,225.21 4.496 4.558 2.845 2 2 907 513 May 2002 74 110,728,005.96 4.232 4.290 2.740 9 5 838 468 June 2002 73 111,911,861.38 4.098 4.155 2.687 5 6 832 472 July 2002 69 108,270,068.04 4.070 4.126 2.714 10 14 861 506 August 2002 66 101,881,721.88 4.001 4.057 2.594 4 7 858 508 September 2002 62 99,320,920.60 3.902 3.956 2.604 7 11 843 51f October 2002 55 96,564,576.04 3.871 3.924 2.604 1 7 820 497 November 2002 55 93,727,818.76 3.644 3.695 2.301 7 7 830 508 December 2002 58 101,252,496.49 3.462 3.510 2.201 11 8 810 527 January 2003 58 107,056,629.59 3.517 3.566 2.103 6 6 892 618 February 2003 54 103,784,689.45 3.526 3.575 1.945 2 6 923 625 March 2003 53 100,384,000.65 3.405 3.452 1.904 4 5 902 609 Average 63 103,990,109.47 3.899% 3.953% 2.469 5 7 861 528 Portfolio CITY AP Run Date:04/14/2003-12:15 PM(PRF_PM4)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type March 2002 through March 2003 March April May June July August September October November December January February March Average Security Type 2002 2002 2002 2002 2002 2002 2002 2002 2002 2002 2003 2003 2003 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 44.7 46.4 42.4 42.5 46.0 47.9 47.2 46.3 46.4 46.8 51.3 50.9 49.8 46.8% Local Agency Investment Funds 34.7 34.9 29.8 28.4 26.5 28.6 33.4 38.6 34.3 32.8 33.0 36.7 37.0 33.0% Treasury Securities-Coupon 3.7 3.6 3.5 3.7 2.9 2.0 2.0 2.1 2.1 1.9 1.9 2.0 2.0 2.6% Medium Term Notes 11.4 11.3 11.0 8.7 8.3 8.6 7.5 6.8 6.8 6.2 7.1 7.5 7.3 8.- Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 1.8 5.3 8.3 4.9 3.1 2.0 2.1 6.3 10.5 6.6 3.0 3.9 4.4% Federal Agency Disc.-Amortizing 3.8 3.8 6.2 6.5 11.4 9.8 5.0 2.1 2.1 1.9 4.0% Treasury Discounts-Amortizing 1.8 1.9 3.0 2.1 2.1 0.8% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:04/14/2003-12:15 PM(PRF_PM5)SymRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 3/31/03 Carrying Cost Plus Description . Accrued,Interest-Purch Amortized;,Cost _ Fair Value - Accruedµlnte eM United States Treasury: Bills $ 497,500,319.42 $ 499,201,736.10 $ 499,262,000.00 NA Notes $ 5,736,360,421.16 $ 5,735,483,521.97 $ 5,825,817,500.00 $ 69,701,583.50 Federal Agency: SBA $ 370,592,259.72 $ 370,571,195.66 $ 368,310,804.96 $ 1,051,172.09 MBS $ 433,554,403.64 $ 433,554,403.64 $ 431,661,074.15 $ 2,222,632.75 Bonds $ 2,631,287,689.67 $ 2,631,046,023.00 $ 2,689,297,333.00 $ 37,602,624.09 Floaters $ - $ - $ - $ - Discount Notes $ 8,620,194,515.84 $ 8,653,849,040.36 $ 8,656,858,441.20 NA FHLMC PC $ 5,472,752.54 $ 5,472,752.54 $ 6,014,617.03 $ 87,977.09 GNMA $ 631,416.54 $ 631,416.54 $ 742,878.11 $ 6,275.50 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 400,000,000.00 $ 400,000,000.00 $ 400,043,782.00 $ 1,275,611.11 CDs $ 8,585,124,083.24 $ 8,585,124,083.24 $ 8,586,645,116.70 $ 32,858,772.27 Commercial Paper $ 10,240,071,762.37 $ 10,262,084,215.14 $ 10,263,752,918.23 NA Corporate: Floaters $ 313,415,866.28 $ 313,415,866.28 $ 310,735,340.00 $ 622,396.98 Bonds $ 1,787,149,716.10 $ 1,785,164,185.15 $ 1,821,766,723.27 $ 29,708,106.12 Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 5,486,095,000.00 $ 5,486,095,000.00 $ 5,486,095,000.00 NA AB 55&GF Loans $ 8,939,180,836.32 $ 8,939,180,836.32 $ 8,939,180,836.32 NA TOTAL $ 54,046,631,042.84 $ 54,100,874,275.95 $ 54,286,184,364.97 $ 175,137,151.50 Fair Value Including Accrued Interest $ 54,461,321,516.47 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(1.003425270). 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$20,068,505.40 or$20,000,000.00 x 1.003425270. Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of February 28,2003 Summary of investments by type Market Value Market Value Par Value Investment Type as of 1/31/03 as of 2/28/03 4,012,126 Local Agency Investment Fund(LAIF) 3,522,126 4,012,126 21,945,610 Investment Agreements 21,945,610 21,945,610 1,939,184 Federal Government Agency 2,142,904 2,177,603 8,398,207 Money Market Funds 8,341,850 8,398,207 351,244 US Treasury Securities 351,244 351,244 36,646,372 36,303,734 36,884,790 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 1/31/03 as of 2/28/03 1,696,220 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(1992) 1,696,036 1,696,220 5,002,811 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) 4,172,315 5,002,811 19,678,512 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 19,846,339 19,916,930 2,621,127 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) 2,701,758 2,621,127 2,455,698 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 2,436,164 2,455,698 2,520,956 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility, Energy Retrofit) 2,512,988 2,520,E 816,505 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds (1992) 814,771 816,505 884,210 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 1,412,631 884,210 193,117 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 181,101 193,117 443,639 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 5,706 443,639 207,920 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 113,681 207,920 125,657 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 66,752 125,657 36,646,372 35,960,241 36,884,790 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2002 Beginning Distributions/ Balance Contributions/ Transfers/ Earnings Ending Balance (09-30-02) Transfers Payments (change in value) Other (12-31-02) ICMA Retirement Corporation (457 Plan) $13,507,672 $347,418 ($215,230) $494,324 ($52,561) $14,081,623 ICMA Retirement Corporation (401 Plan) $121,762 $68,758 $0 $5,054 $0 $195,574 Nationwide Retirement Solutions (457 Plan) $36,768,830 $924,978 ($447,172) $1,026,957 $0 $38,273,593 Trust Deeds $425,771 $0 ($89,067) $0 $0 $336,704 Total Deferred Compensation Plan Balances $50,824,035 $1,341,154 ($751,470) $1,526,335 ($52,561) $52,887,494 March 2003 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA TREASURER'S REPORT t . Shari L . Freidenrich , CPA, CCMT , CMFA May 5, 2003 slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Balance Trends Portfolio Balances b Type $86M $102M $117M 110M $108M $104M 100% US Treas 80% - `` Med Notes 60% .. e El Fed Ag. 0 CP n E€ 40% IM BA E 20% �� '� N Rep u r. 0% Slide 2 Mar-99 Mar-00 Mar-01 Mar-02 Dec-02 Mar-03 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Percentages By Type of Invest Federal Agencies 50% Commercia Paper _ 4% .;u � Treasury Medium Te Notes � LAW Slide 3 € V r '' 7 /o 37% Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Liquidity Investment Maturities by Days, Ending March 2002/2003 ° 1 Day 40% 35% � 2-180 Days � Fig] .5 - 1 Yr. E 30% 17% 17% 1 - 1 .5 Yr. ° � : o o 20 /o3 1 °, W 1 .5 - 2 Yr. o ° g 11 2 - 3 Yr. 10% _ 3 - 4 Yr. 0% 4 - 5 Yr. ;._ 6% 12% 10% „4% 2% 15% Slide 4 2002 2003 Treasurer's Report - Shari L. Freidenrich, CPA., CCMT, CMFA All Funds and General Fund Estimated Net Cash Flow and Maturing Investmen ts - Next 6 Months $12500%000 $465.981$1050000000 $850005000 -jl�,643,812 $650000000 $4500%000 - $2,0000000 - $0 ($200009000) ($41 000 0 000)- ($65000,000) ($424701,118) ($4.544 622 3) ($8,0005000) 1 Apr-03 I May-03 i Jun-03 Jul-03 Aug-03 Sep-03 GeneralNet Gash �hciw Maturin� 'lnilvestments �"®r asl"iFlQu�r Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Yields Trends ry Cl D Yield; „ Bench�ri _ar ' - „ „E -- -- LA1 8.00% 7.00% 6.00% - 4-66% 4.57° 3.73% 3.64% 5.00% 4.00% Utj 3.170/ 2.96% M050 3.00% ` NI 1 .00% 0■00 /° ,<' 9: i� Mar-02 Jun-02 Dec-02 Mar-03 slide 6 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Summaryof Investment by CityFund March 31 , 2003 ($2,7448 JN rn $503829 �- $14 861 € € Debt Ser��Ce €c €' O , $12,597 . C Eter- rise, �, s � C € € ■ Inertial Seta € $14,758 $5 838) , y HE Special €Reunu=e Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Summary • Recommendation to City Council srae 8 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: March 2003 Investment Summary Report COUNCIL MEETING DATE: May 5, 2003 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney Not Applicable Subleases, Third Party Agreements, etc. Approved as to form by City Attorney Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff _( Assistant City Administrator Initial City Administrator Initial O7� City Clerk G� .EXPLANATION FOR RETURN OF ITEM: Space . Only) RCA Author: r. S i Teir�w,n- -E+h I �Yt Council/Agency Meeting Held: A �0-I a l S)-Q06 3 , Deferred/Continued to: r &.n.-te Approved ❑ Conditionally Approved ❑ Denied City Clerk's Sign re Council Meeting Date: April 21, 2003 Department ID Number: CT 03-12 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION o SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS T'� r— Y�fTl.-- SUBMITTED BY: SHARI L. FREI DEN RICH, City Treasu V � cn PREPARED BY: SHARI L. FREIDENRICH, City Treasure o s SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S FEBRUARY 2003 INVESTMENT SUMMARY REPORT Fstatement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for February 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for February 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's . - NumberDescription 1. Monthly Investment Report and Summary of Investments for February 2003. 2 Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. February 2003 PowerPoint Presentation Monthly Investment Report and Summary of Investments for February 2003 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for February, 2003 City Investment Portfolio: January February Inc./(Dec.) End of month City Portfolio Balance $105,281,530 $100,281,129 ($5,000,401) End of month General Fund Balance ($881,554) $7,909,170 $8,790,724 Earned Interest Yield Average 3.42% 3.71% 0.29% Average Maturity ( in days) 618 625 7 End of Month Market Value $106,528,157 $101,499,869 ($5,028,287) End of month bank cash balance $3,787,371 $6,394,958 $2,607,587 Bond Proceeds Investments: January February Inc./(Dec.) End of Month Bond Reserve Par Value $36,106,293 $36,646,372 $540,079 End of Month Bond Reserve Market Value $36,303,734 $36,884,790 $581,056 Deferred Compensation Investments:* 9/30/2002 12/31/2002 Inc./(Dec.) Participant Balances $50,824,035 $52,887,494 $2,063,459 Comparison to Budget/ City Portfolio: Budget Actual IncJ(Dec.) Interest Earned for Month $300,000 $295,715 ($4,285) Interest Earned Year to Date $1,500,000 $1,515,348 $15,348 Earned Interest Yield Year to Date 4.00% 3.65% -0.35% *Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. February % of Total Policy Limit to Mat. Rate Federal Agency Issues- Coupon $51,043,775 51% None 1132 4.46% Local Agency Inv. Fund (LAIF) $36,764,618 37% $40 million 1 1.95% U.S. Treasury Notes- Coupon $2,000,047 2% None 144 5.27% Medium Term Notes $7,474,601 7% 20% 612 6.02% Disc. Commercial Paper $2,998,088 3% 25% 17 1.35% $100,281,129 100% 0 City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary February 28, 2003 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 50,960,000.00 51,792,075.05 51,043,774.96 50.90 1,534 1,132 4.394 4.455 Local Agency Investment Funds 36,764,618.02 36,764,618.02 36,764,618.02 36.66 1 1 1.918 1.945 Treasury Securities-Coupon 2,000,000.00 2,032,190.00 2,000,046.94 1.99 1,572 144 5.196 5.268 Medium Term Notes 7,481,000.00 7,912,736.35 7,474,601.25 7.45 1,448 612 5.937 6.020 Commercial Paper Disc.-Amortizing 3,000,000.00 2,998,250.00 2,998,087.78 2.99 92 17 1.328 1.346 Investments 100,205,618.02 101,499,869.42 100,281,128.95 100.00% 923 625 3.526 3.575 Cash and Accrued Interest Accrued Interest at Purchase 33,821.36 33,821.36 Subtotal 33,821.36 33,821.36 Total Cash and Investments 100,205,618.02 101,533,690.78 100,314,950.31 923 625 3.526 3.575 Total Earnings February 28 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 295,715.47 1,515,347.65 Current Budget 300,000.00 1,500,000.00 3,600,000.00 Last Year Actual 397,545.68 2,135,953.52 4,812,507.05 Average Daily Balance 103,784,689.45 100,456,229.36 Effective Rate of Return 3.71% 3.65% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 16,2002. 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 rovided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. q- 3-03 S I .FR D NRICH,CITY TREASURER Portfolio CITY AP Run Date:03/18/2003-10:06 PM(PRF_PM1)SymRept V6.27 Report Ver.5.00 City of FIB .Portfolio Management Page 2 Portfolio Details - Investments February 28, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000,00 1,020,630.00 998,791.27 5.125 AAA 5.380 198 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,021,560.00 1,000,345.85 5.630 AAA 5.546 185 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,119,155.05 1,105,417.65 5.690 AAA 5.540 110 06/19/2003 3133MAWZ8 2942 Federal Home Loan Bank 03/07/2000 1,000,000.00 1,000,630.00 1,000,000.00 7.440 AAA 7.440 737 03/07/2005 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,071,880.00 2,000,000.00 6.330 AAA 6.330 1,017 12/12/2005 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,020,630.00 1,000,000.00 5.250 AAA 5.250 1,298 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000.000.00 1,021,560.00 1,000,000.00 5.000 AAA 5.000 940 09/26/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1,020,310.00 1.000,000.00 4.540 AAA 4.540 1,003 11/28/2005 3133MRY1 3120 Federal Home Loan Bank 12/20/2002 1,355,000.00 1,375,325.00 1,373,175.39 4.250 AAA 3.920 1,649 09/05/2007 3133MUM77 3121 Federal Home Loan Bank 12/30/2002 1,000,000.00 1,002,810.00 1,000,000.00 2.740 AAA 2.741 944 09/30/2005 3133MURM9 3122 Federal Home Loan Bank 01/09/2003 1,000,000.00 1,002,500.00 1,000,000.00 4.120 AAA 4.120 1,775 01/09/2008 3133MW6V8 3134 Federal Home Loan Bank 02/21/2003 2,000,000.00 2,001,880.00 2,000,000.00 3.000 AAA 3.000 1,453 02/21/2007 312923WL5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000,000.00 1,004,940.00 1,000,000.00 5.530 AAA 5.530 1,150 04/24/2006 312925AT7 3069 Federal Home Loan Mort Corp 03/19/2002 1,000,000.00 1,000,940.00 987,353.68 5.000 AAA 5.361 1,473 03/13/2007 312925NCO 3077 Federal Home Loan Mort Corp 06/04/2002 1,000,000.00 1,005,760.00 1,000,000.00 3.700 AAA 3.700 461 06/04/2004 312925/A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,072,500.00 1,997,117.24 4.500 AAA 4.537 1,605 07/23/2007 312925LF5 3105 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,013,860.00 2,030,450.17 5.000 AAA 4.591 1,530 05/09/2007 31292561.19 3106 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,011,880.00 1,998,929.40 2.875 AAA 2.897 940 09/26/2005 312925XS4 3130 Federal Home Loan Mort Corp 01/17/2003 2,000,000.00 2,024,460.00 2,031,093.23 5.000 AAA 4.638 1,777 01/11/2008 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,046,900.00 1,000,000.00 5.910 AAA 5.909 384 03/19/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,053,970.00 996,471.00 6.000 AAA 6.343 443 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,024,060.00 1,000,000.00 7.300 AAA 7.300 877 07/25/2005 31364K5LO 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,040,000.00 1,000,000.00 5.550 AAA 5.550 1,111 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,036,880.00 1,000,000.00 5.300 AAA 5.300 1,124 03/29/2006 3136FOEW8 3009 Fed.Nat'l Mort.Assoc. 04/23/2001 1,000,000.00 1,004,690.00 999,803.86 5.510 AAA 5.517 1,143 04/17/2006 3136FOJP8 3011 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,007,810.00 1,000,000.00 5.625 AAA 5.625 1,171 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1,007,810.00 996,780.94 5.550 AAA 5.666 1,172 05/16/2006 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,066,560.00 1,000,000.00 5.010 AAA 5.010 1,446 02/14/2007 3136171MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,013,440.00 1,000,000.00 4.350 AAA 4.350 908 08/25/2005 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,080,000.00 1,000,000.00 5.350 AAA 5.350 1,503 04/12/2007 31359MMWO 3093 Fed.Nat'l Mort.Assoc. 07/15/2002 1,000,000.00 1,004,380.00 1,008,815.16 3.750 AAA 2.987 438 05/12/2004 3136F1A34 3097 Fed.Nat'l Mort.Assoc. 07/18/2002 1,000.000.00 1,004,690.00 1,010,826.57 4.125 AAA 3.443 612 11/02/2004 31359MPY3 3109 Fed.Nat'l Mort.Assoc. 11/27/2002 2,000,000.00 2,005,620.00 2,000,000.00 3.000 AAA 3.000 1,003 11/28/2005 3136F2TT5 3115 Fed.Nat'l Mort.Assoc. 11/27/2002 1,000,000.00 1,002,190.00 1,000,000.00 2.500 AAA 2.500 818 05/27/2005 3136F2A81 3119 Fed.Nat'l Mort.Assoc. 12/30/2002 2,000,000.00 2,005,620.00 2,000,000.00 2.500 AAA 2.500 852 06/30/2005 3136F2A99 3124 Fed.Nat'l Mort.Assoc. 12/30/2002 1,000,000.00 1,011,560.00 1,000,000.00 3.000 AAA 3.000 1,217 06/30/2006 Portfolio CITY AP Run Date:03/18/2003-10:06 PM(PRF_PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments February 28, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3136F2KV9 3125 Fed.Nat'l Mort.Assoc. 12/20/2002 1,500,000.00 1,503.285.00 1,508,403.55 4.000 AAA 3.864 1,678 10/04/2007 3136F21-97 3131 Fed.Nat'l Mort.Assoc. 01/30/2003 2,000,000.00 2,041,260.00 2,000,000.00 4.000 AAA 4.000 1,796 01/30/2008 3136F2076 3132 Fed.Nat'l Mort.Assoc. 01/28/2003 2,000,000.00 2,013,760.00 2,000,000.00 3.200 AAA 3.200 1,245 07/28/2006 3136F2T40 3133 Fed.Nat'l Mort.Assoc. 02/07/2003 1,000,000.00 1,004,380.00 1,000,000.00 4.000 AAA 4.000 1,804 02/07/2008 Subtotal and Average 53,228,605.90 50,960,000.00 51,792,075.05 51,043,774.96 4.455 1,132 Local Agency Investment Funds SYS982 982 Laif City 18,963,659.67 18,963,659.67 18,963,659.67 1.945 NR 1.945 1 SYS2206 2206 LAIF-Redevelopment Agency 17.800,958.35 17,800,958.35 17,800,958.35 1.945 NR 1.945 1 Subtotal and Average 35,728,903.73 36,764,618.02 36,764,618.02 36,764,618.02 1.945 1 Treasury Securities-Coupon 9128274K5 2875 United States Treasury Note 02/22/1999 1,000,000.00 1.013,750.00 1,000,785.28 5.375 AAA 5.106 121 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,018,440.00 999,261.66 5.250 AAA 5.431 167 08/15/2003 Subtotal and Average 2,000,074.86 2,000,000.00 2,032,190.00 2,000,046.94 5.268 144 Medium Term Notes 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 1,017,780.00 1,006,830.53 2.850 Aaa 2.590 1,006 12/01/2005 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,036,390.00 997,620.88 5.400 Aaa 5.700 338 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 533,116.35 474,912.40 6.250 Aa3 6.800 1,006 12/01/2005 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1.000,000.00 1,018,790.00 998,755.05 6.267 Aaa 6.620 144 07/23/2003 36962GUA 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,035,680.00 1,001,196.51 6.810 Aaa 6.610 247 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,103,150.00 999,058.89 7.500 Aa3 7.559 713 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1.000,000.00 1,100,340.00 998,768.02 5.750 Aa2 5.795 1.166 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000.000.00 1,067,490.00 997,458.97 6.700 Al 6.920 478 06/21/2004 Subtotal and Average 7,474,322.24 7,481,000.00 7,912,736.35 7,474,601.25 6.020 612 Commercial Paper Disc.-Amortizing 36959JQM8 3117 General Electric Capital Corp 12/10/2002 1,000,000.00 999,510.00 999,261.11 1.330 Aaa 1.354 20 03/21/2003 61745BQH3 3123 Morgan Stanley Dean Witter 12/20/2002 2,000,000.00 1,998,740.00 1,998,826.67 1.320 Aa3 1.343 16 03/17/2003 Subtotal and Average 5,352,782.70 3,000,000.00 2,998,250.00 2,998,087.78 1.346 17 Portfolio CITY AP Run Date:03/18/2003-10:06 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments February 28, 2003 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Total and Average 103,784,689.45 100,205,618.02 101,499,869.42 100,281,128.95 3.575 625 Portfolio CITY AP Run Date:03/182003-10:06 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 5 Portfolio Details -Cash February 28, 2003 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 33,821.36 33,821.36 0 Subtotal 33,821.36 33,821.36 Total Cash and Investmentss 103,784,689.45 100,205,618.02 101,533,690.78 100,314,950.31 3.575 625 Portfolio CITY AP Run Date:03/18/2003-10:06 PM(PRF_PM2)SymRepl V6.21 City of HB Portfolio Management Page 6 Y YP ActivityB Type February 1, 2003 through February 28, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133MUT70 3127 Federal Home Loan Bank 3.010 02/13/2003 0.00 2,000,000.00 3133MLKU8 3128 Federal Home Loan Bank 4.120 02/26/2003 0.00 2,007,418.48 3133MW6V8 3134 Federal Home Loan Bank 3.000 02/21/2003 2,000,000.00 0.00 3128XOKX6 3114 Federal Home Loan Mort Corp 1.875 02/21/2003 0.00 1,000,000.00 3136171JX9 3065 Fed.Nat'l Mort.Assoc. 4.100 02/14/2003 0.00 996,662.04 3136F2T40 3133 Fed.Nat'l Mort.Assoc. 4.000 02/07/2003 1,000,000.00 0.00 Subtotal 3,000,000.00 6,004,080.52 51,043,774.96 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.945 0.00 1,000,000.00 SYS2206 2206 LAIF-Redevelopment Agency 1.945 7,000,000.00 4,000,000.00 Subtotal 7,000,000.00 5,000,000.00 36,764,618.02 Treasury Securities-Coupon Subtotal 2,000,046.94 Medium Term Notes Subtotal 7,474,601.25 Commercial Paper Disc.-Amortizing 36959JP72 3116 General Electric Capital Corp 1.341 02/07/2003 0.00 2,000,000.00 7954W1PU1 3126 Smith Barney Inc. 1.320 02/28/2003 0.00 2,000,000.00 Subtotal 0.00 4,000,000.00 2,998,087.78 Total 10,000,000.00 15,004,080.52 100,281,128.95 Portfolio CITY AP Run Date:03/18/2003-10:06 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary February 2002 through February 2003 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 2002 69 108,193,466.33 4.503 4.566 2.967 4 3 874 504 March 2002 70 108,022,090.63 4.462 4.524 2.861 3 2 876 494 April 2002 70 108,878,225.21 4.496 4.558 2.845 2 2 907 513 May 2002 74 110,728,005.96 4.232 4.290 2.740 9 5 838 468 June 2002 73 111,911,861.38 4.098 4.155 2.687 5 6 832 472 July 2002 69 108,270,068.04 4.070 4.126 2.714 10 14 861 506 August 2002 66 101,881,721.88 4.001 4.057 2.594 4 7 858 508 September 2002 62 99,320,920.60 3.902 3.956 2.604 7 11 843 519 October 2002 55 96,564,576.04 3.871 3.924 2.604 1 7 820 497 November 2002 55 93,727,818.76 3.644 3.695 2.301 7 7 830 508 December 2002 58 101,252,496.49 3.462 3.510 2.201 11 8 810 527 January 2003 58 107,056,629.59 3.517 3.566 2.103 6 6 892 618 February 2003 54 103,784,689.45 3.526 3.575 1.945 2 6 923 625 Average 64 104,574,036.61 3.983% 4.039% 2.551 5 6 859 520 Portfolio CITY AP Run Date:03/18/2003-10:06 PM(PRF_PM4)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type February 2002 through February 2003 February March April May June July August September October November December January February Average Security Type 2002 2002 2002 2002 2002 2002 2002 2002 2002 2002 2002 2003 2003 by Period Repurchase Agreements ......_.. ......... ......... ...----.. ...... .... .... ................_....... . .........-................................ ...... ......... ..... .. . Certificates of Deposit Commercial Paper-Interest Bearing ..........._ ......... _......... .... ....._ ......... ........ ...__._ . Federal Agency Issues-Coupon 44.6 44.7 46.4 42.4 42.5 46.0 47.9 47.2 46.3 46.4 46.8 51.3 50.9 46.4% . .... ..... .. __._... ...... . __.. ........_.__ ......... .......- ..... __ ......... _..... ....._ .... ......... Local Agency Investment Funds 34.6 34.7 34.9 29.8 28.4 26.5 28.6 33.4 38.6 34.3 32.8 33.0 36.7 32.8% Treasury Securities-Coupon 3.7 3.7 3.6 3.5 3.7 2.9 2.0 2.0 2.1 2.1 1.9 1.9 2.0 2.7% __.... ._........ ... __ ........._ ... ...... .......__. . _ ......... ....... Medium Term Notes 11.6 11.4 11.3 11.0 8.7 8.3 8.6 7.5 6.8 6.8 6.2 7.1 7.5 8.7% ...... - .. ......_ ......... _ . . ......... .... .... _ .........__ ... ...... ......... .................................... ..... ........ ..._. ... Negotiable CD's Certificates of Deposit-Bank ...-_.. ..._. ...._..... ......... ._._._. . .. ...... . .__._........_ .__.... -.... _..__ ............ ......... ..... _- ........... ...._......_ Mortgage Backed Securities ..._.... ......... .I....... _ _...... .._..__.... _..........................__ _......... ........... ...... ... ...... ..__....... ....... . ......... ........... .................. -...................... ..... ...... . .... . ..... .... Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 3.7 1.8 5.3 8.3 4.9 3.1 2.0 2.1 6.3 10.5 6.6 3.0 4.4% . ... ... ... . .... ......_ ..... _.._._.. . ... ........ .......... ......... __._. .._...... .... .. _..__.. Federal Agency Disc.-Amortizing 1.8 3.8 3.8 6.2 6.5 11.4 9.8 5.0 2.1 2.1 1.9 4.2% .. ..... ......... _ ........._ ....__ ._ ... ..... ...... ......... . ........ _ ....-... ......... ......... -- ....... ..__... Treasury Discounts-Amortizing 1.8 1.9 3.0 2.1 2.1 0.8% Miscellaneous Discounts-Amortizing ............ ... ......... ......... ........_ .. .... .__..... ........ _ . ........ _ . .. . _.._ ...... .......... ...... Rolling Repurchase Agreements . - ....... - - ... .._ ............-........... ......... .... . .__ ........ ............_... ....... ..... ... .... .. ...... Portfolio CITY AP Run Date:03/18/2003-10:06 PM(PRF_PM5)SyrnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 2/28/2003 Carrying;Cost Plus Description Accrued Interest Purch Fair Value Accrued Interest United States Treasury: Bills $ 497,500,319.42 $ 498,694,000.00 NA Notes $ 6,136,427,453.32 $ 6,237,790,000.00 $ 61,689,809.00 Federal Agency: SBA $ 368,954,104.43 $ 366,740,010.37 $ 1,083,362.35 MBS $ 478,224,227.92 $ 479,591,300.94 $ 2,450,605.97 Bonds $ 2,631,287,689.67 $ 2,695,207,477.25 $ 29,304,119.06 Floaters $ - $ - $ - Discount Notes . $ 10,819,022,242.03 $ 10,855,160,310.90 NA FHLMC PC $ 5,644,693.28 $ 6,206,202.89 $ 90,739.51 GNMA $ 644,478.50 $ 757,270.41 $ 6,398.16 Bankers Acceptances $ - $ - NA Bank Notes $ 499,995,349.70 $ 500,000,636.00 $ 1,094,166.67 CDs $ 8,720,187,116.87 $ 8,721,273,947.95 $ 25,527,910.08 Commercial Paper $ 11,580,810,212.71 $ 11,606,429,393.47 NA Corporate: Floaters $ 365,989,525.50 $ 364,188,784.22 $ 625,795.34 Bonds $ 1,874,796,859.78 $ 1,913,342,905.06 $ 28,527,880.21 Repurchase Agreements $ 500,000,000.00 $ 500,000,000.00 NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,469,095,000.00 $ 5,469,095,000.00 NA AB 55& GF Loans $ 5,450,817,094.32 $ 5,450,817,094.32 NA TOTAL $ 55,399,396,366.95 $ 55,665,294,333.78 $ 150,400,786.35 Fair Value Including Accrued Interest $ 55,815,695,120.13 Repurchase Agreements, Time Deposits,AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of February 28,2003 Summary of investments by type Market Value Market Value Par Value Investment Type as of 1/31/03 as of 2/28/03 4,012,126 Local Agency Investment Fund(LAIF) 3,522,126 4,012,126 21,945,610 Investment Agreements 21,945,610 21,945,610 1,939,184 Federal Government Agency 2,142,904 2,177,603 8,398,207 Money Market Funds 8,341,850 8,398,207 351,244 US Treasury Securities 351,244 351,244 36,646,372 36,303,734 36,884,790 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 1/31/03 as of 2/28/03 1,696,220 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(1992) 1,696,036 1,696,220 5,002,811 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) 4,172,315 5,002,811 19,678,512 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 19,846,339 19,916,930 2,621,127' Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) 2,701,758 2,621,127 2,455,698 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 2,436,164 2,455,698 2,520,956 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility, Energy Retrofit) 2,512,988 2,520,956 816,505 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds (1992) 814,771 816,505 884,210 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 1,412,631 884,210 193,117 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 181,101 193,117 443,639 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 5,706 443,639 207,920 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 113,681 207,920 125,657 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 66,752 125,657 36,646,372 35,960,241 36,884,790 Deferred Compensation. Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2002 Beginning Distributions/ Balance Contributions/ Transfers/ Earnings Ending Balance (09-30-02) Transfers Payments (change in value) Other (12-31-02) ICMA Retirement Corporation (457 Plan) $13,507,672 $347,418 ($215,230) $494,324 ($52,561) 14,081,623 ICMA Retirement Corporation (401 Plan) $121,762 $68,758 $0 $5,054 $0 195,574 Nationwide Retirement Solutions (457 Plan) $36,768,830 $924,978 ($447,172) $1,026,957 $0 38,273,593 Trust Deeds $425,771 $0 ($89,067) $0 $0 336,704 Total Deferred Compensation Plan Balances $50,824,035 $1,341,154 ($751,470) $1,526,335 ($52,561) 52,887,494 February 2003 PowerPoint Presentation Attachment 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA February Report I 771, rWz.- A vt, Shari L . Freidenrich , CPA, CCMT , CFMA April 21 , 2003 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA February 2003 Investment Summary ( in millions) Financial Information: January February Inc./(Dec.) End of Month City Portfolio $105.282 $100.281 ($5.001) End of Month General Fund Balance ($0.881) $7.909 $8.790 End of Month Market Value $106.528 $101 .500 ($5.028) Interest Earned for Month $0.311 $0.295 ($0.016) Earned Interest Yield Year to Date 3.63% 3.71% 0.08% Average Maturity ( in days) 618 625 7 YTD Average Daily Balance $99.698 $100.456 $0.758 Summary by Type: February % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $51 .044 51% None 1132 4.46% LAIF (State Pool) $36.765 37% $40 million 1 1 .95% U.S.Treasury Notes $2.000 2% None 144 5.27% Medium Term Notes $7.474 7% 20% 612 6.02% Discount Comm. Paper $2.998 3% 25% 17 1 .35% Total $100.281 100% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: February 2003 Investment Summary Report COUNCIL MEETING DATE: Aril 21 , 2003 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff Assistant City Administrator Initial City Administrator Initial o�� ) City Clerk 3 EXPLANATION FOR RETURN OF ITEM: SpaceOnly) RCA Author: Council/Agency Meeting Held: Deferred/Continued to: ❑ Approved ❑ Conditionally Approved ❑ Denied City Clerk's Signature Council Meeting Date: March 17, 2003 Department ID Number: CT 03-10 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City Treasu PREPARED BY: SHARI L. FREIDENRICH, City Treas f SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JANUARY 2003 INVESTMENT SUMMARY REPORT 7Statem—en—tof Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for January 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for January 2003, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for January 2003. 2 Schedule of Bond Investments 3. 1 Deferred Compensation Plan Summary Information C� � Monthly Investment Report and summary of Investments for January 2003 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for January, 2003 City Investment Portfolio: December January Inc./(Dec.) End of month City Portfolio Balance $104,822,152 $105,281,530 $459,377 End of month General Fund Balance $949,997 ($881,554) ($1,831,551) Earned Interest Yield Average 3.53% 3.42% -0.11% Average Maturity ( in days) 527 618 91 End of Month Market Value $106,190,747 $106,528,157 $337,410 End of month bank cash balance $7,531,372 $3,787,371 ($3,744,001) Bond Proceeds Investments: December January Inc./(Dec.) End of Month Bond Reserve Par Value $34,540,677 $36,106,293 $1,565,616 End of Month Bond Reserve Market Value $34,757,592 $36,303,734 $1,546,142 Deferred Compensation Investments:* 9/30/2002 12/31/2002 Inc./(Dec.) Participant Balances $50,824,035 $52,887,494 $2,063,459 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $300,000 $310,826 $10,826 Interest Earned Year to Date $1,200,000 $1,219,632 $19,632 Earned Interest Yield Year to Date 4.00% 3.63% -0.37% *Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. January % of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $54,050,175 51% None 1104 4.39% Local Agency Inv. Fund (LAIF) $34,764,618 33% $40 million 1 2.10% U.S. Treasury Notes - Coupon $2,000,105 2% None 172 5.27% Medium Term Notes $7,474,059 7% 20% 640 6.02% Disc. Commercial Paper $6,992,573 7% 25% 29 1.35% $105,281,530 100% °e City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary January 31, 2003 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 53,960,000.00 54,842,927.45 54,050,174.83 51.34 1,468 1,104 4.332 4.392 Local Agency Investment Funds 34,764,618.02 34,764,618.02 34,764,618.02 33.02 1 1 2.074 2.103 Treasury Securities-Coupon 2,000,000.00 2,038,750.00 2,000,104.86 1.90 1,572 172 5.196 5.268 Medium Term Notes 7,481,000.00 7,888,381.06 7,474,058.74 7.10 1,448 640 5.937 6.020 Commercial Paper Disc.-Amortizing 7,000,000.00 6,993,480.00 6,992,573.15 6.64 76 29 1.331 1.350 Investments 105,205,618.02 106,528,156.53 105,281,529.60 100.00% 892 618 3.517 3.566 Cash and Accrued Interest Accrued Interest at Purchase 40,688.03 40,688.03 Subtotal 40,688.03 40,688.03 Total Cash and Investments 105,205,618.02 106,568,844.56 105,322,217.63 892 618 3.517 3.566 Total Earnings January 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 310,825.53 1,219,632.18 Current Budget 300,000.00 1,200,000.00 3,600,000.00 Last Year Actual 417,506.50 1,738,407.84 4,812,507.05 Average Daily Balance 107,056,629.59 99,698,531.13 Effective Rate of Return 3.42% 3.63% I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 16,2002. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. T 3-3-00 SH . FRET EN CA,CITY TREASURER Portfolio CITY AP Run Date:02/27/2003-16:37 - PM(PRF_PM1)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments January 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,024,060.00 998,604.36 5.125 AAA 5.380 226 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,025,310.00 1,000,403.17 5.630 AAA 5.546 213 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,123,652.40 1,105,533.66 5.690 AAA 5.540 138 06/19/2003 3133MAWZ8 2942 Federal Home Loan Bank 03/07/2000 1,000,000.00 1,006,250.00 1,000,000.00 7.440 AAA 7.440 765 03/07/2005 3133MCMA0 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,078,120.00 2,000,000.00 6.330 AAA 6.330 1,045 12/12/2005 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,023,750.00 1,000.000.00 5.250 AAA 5.250 1,326 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,024,060.00 1,000,000.00 5.000 AAA 5.000 968 09/26/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1,021,880.00 1,000,000.00 4.540 AAA 4.540 1,031 11/28/2005 3133MRY1 3120 Federal Home Loan Bank 12/20/2002 1,355,000.00 1,375,745.05 1,373,511.14 4.250 AAA 3.920 1,677 09/05/2007 3133MUM77 3121 Federal Home Loan Bank 12/30/2002 1,000,000.00 1,003,130.00 1,000,000.00 2.740 AAA 2.741 972 09/30/2005 3133MURM9 3122 Federal Home Loan Bank 01/09/2003 1,000,000.00 1,004,060.00 1,000,000.00 4.120 AAA 4.120 1,803 01/09/2008 3133MUT70 3127 Federal Home Loan Bank O1/13/2003 2,000,000.00 2,000,620.00 2,000,000.00 3.010 AAA 3.011 1,350 10/13/2006 3133MLKU8 3128 Federal Home Loan Bank 12/26/2002 2,000,000.00 2,003,760.00 2,007,712.86 4.120 AAA 3.896 664 11/26/2004 312923WL5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000,000.00 1,007,760.00 1,000,000.00 5.530 AAA 5.530 1,178 04/24/2006 312925AT7 3069 Federal Home Loan Mort Corp 03/19/2002 1,000.000.00 1,004,060.00 987,092.39 5.000 AAA 5.361 1,501 03/13/2007 312925NC0 3077 Federal Home Loan Mort Corp 06/04/2002 1,000,000.00 1,007,340.00 1,000,000.00 3.700 AAA 3.700 489 06/04/2004 312925/A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,071,880.00 1,997,062.58 4.500 AAA 4.537 1,633 07/23/2007 3129251-175 3105 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,019,400.00 2,031,055.95 5.000 AAA 4.591 1,558 05/09/2007 31292561.19 3106 Federal Home Loan Mort Corp 09/26/2002 2.000,000.00 2,012,500.00 1,998,894.68 2.875 AAA 2.897 968 09/26/2005 3128XOKX6 3114 Federal Home Loan Mort Corp 11/21/2002 1,000,000.00 1,000,190.00 1,000,000.00 1.875 AAA 1.875 475 05/21/2004 312925XS4 3130 Federal Home Loan Mort Corp 01/17/2003 2,000,000.00 2,028,800.00 2,031,626.25 5.000 AAA 4.638 1,805 01/11/2008 31364GZA0 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,049,070.00 1,000,000.00 5.910 AAA 5.909 412 03/19/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,054,980.00 996,228.18 6.000 AAA 6.343 471 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,028,440.00 1,000,000.00 7.300 AAA 7.300 905 07/25/2005 31364K5L0 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,041,560.00 1,000,000.00 5.550 AAA 5.550 1,139 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,038,130.00 1,000,000.00 5.300 AAA 5.300 1.152 03/29/2006 3136FOEW8 3009 Fed.Nat'l Mort.Assoc. 04/23/2001 1,000,000.00 1,007,500.00 999,798.63 5.510 AAA 5.517 1,171 04/17/2006 3136FOJP8 3011 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,010,940.00 1,000,000.00 5.625 AAA 5.625 1,199 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1,010,630.00 996,697.32 5.550 AAA 5.666 1,200 05/16/2006 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,061,880.00 1,000,000.00 5.010 AAA 5.010 1,474 02/14/2007 3136F1JX9 3065 Fed.Nat'l Mort.Assoc. 02/15/2002 1,000,000.00 1,000,940.00 996,601.85 4.100 AAA 4.279 745 02/15/2005 3136F1MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,014,690.00 1,000,000.00 4.350 AAA 4.350 936 08/25/2005 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,074,690.00 1,000,000.00 5.350 AAA 5.350 1,531 04/12/2007 31359MMW0 3093 Fed.Nat'l Mort.Assoc. 07/15/2002 1,000,000.00 1,006,250.00 1,009,428.75 3.750 AAA 2.987 466 05/12/2004 3136F1A34 3097 Fed.Nat'l Mort.Assoc. 07/18/2002 1,000,000.00 1,006,560.00 1,011,367.00 4.125 AAA 3.443 640 11/02/2004 31359MPY3 3109 Fed.Nat'l Mort.Assoc. 11/27/2002 2,000,000.00 2,006,260.00 2,000,000.00 3.000 AAA 3.000 1,031 11/28/2005 Portfolio CITY AP Run Date:02/27/2003-16:37 PM(PRF_PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments January 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3136F2TT5 3115 Fed.Nat'l Mort.Assoc. 11/27/2002 1,000,000.00 1,002,500.00 1,000,000.00 2.500 AAA 2.500 846 05/27/2005 3136F2A81 3119 Fed.Nat'l Mort.Assoc. 12/30/2002 2,000,000.00 2,005,620.00 2,000,000.00 2.500 AAA 2.500 880 06/30/2005 3136F2A99 3124 Fed.Nat'l Mort.Assoc. 12/30/2002 1,000,000.00 1,008,130.00 1,000,000,00 3.000 AAA 3.000 1,245 06/30/2006 3136F2KV9 3125 Fed.Nat'l Mort.Assoc. 12/20/2002 1,500,000.00 1,506,570.00 1,508,556.06 4.000 AAA 3.864 1,706 10/04/2007 3136F21-97 3131 Fed.Nat'l Mort.Assoc. 01/30/2003 2,000,000.00 2,027,500.00 2,000,000.00 4.000 AAA 4.000 1,824 01/30/2008 3136F2Q76 3132 Fed.Nat'l Mort.Assoc. 01/28/2003 2,000,000.00 2,013,760.00 2,000,000.00 3.200 AAA 3.200 1,273 07/28/2006 Subtotal and Average 50,937,955.84 53,960,000.00 54,842,927.45 54,050,174.83 4.392 1,104 Local Agency Investment Funds SYS982 982 Laif City 19,963,659.67 19,963,659.67 19,963,659.67 2.103 NR 2.103 1 SYS2206 2206 LAIF-Redevelopment Agency 14,800,958.35 14,800,958.35 14.800,958.35 2.103 NR 2.103 1 Subtotal and Average 36,013,489.89 34,764,618.02 34,764,618.02 34,764,618.02 2.103 1 Treasury Securities-Coupon 9128274K5 2875 United States Treasury Note 02/22/1999 1,000,000.00 1,017,190.00 1,000,967.00 5.375 AAA 5.106 149 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,021,560.00 999,137.86 5.250 AAA 5.431 195 08/15/2003 Subtotal and Average 2,000,135.89 2,000,000.00 2,038,750.00 2,000,104.86 5.268 172 Medium Term Notes 02687QBB3 3129 American Int'I Group(AIG) 01/06/2003 1,000,000.00 1,011,190.00 1,007,037.51 2.850 Aaa 2.590 1,034 12/01/2005 06651PAA1 2872 Bank United 02/17/1999 1,000,000.00 1,035,760.00 997,405.25 5.400 Aaa 5.700 366 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 527,301.06 474,727.93 6.250 Aa3' 6.800 1,034 12/01/2005 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000,000.00 1,022,630.00 998,492.03 6.267 Aaa 6.620 172 07/23/2003 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,039,300.00 1,001,344.83 6.810 Aaa 6.610 275 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,101,840.00 999,018.56 7.500 Aa3 7.559 741 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,082,340.00 998,735.85 5.750 Aa2 5.795 1,194 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,068,020.00 997,296.78 6.700 Al 6.920 506 06/21/2004 Subtotal and Average 7,311,349.54 7,481,000.00 7,888,381.06 7,474,058.74 6.020 640 Commercial Paper Disc.-Amortizing 36959JP72 3116 General Electric Capital Corp - 12/10/2002 2,000,000.00 1,999,720.00 1,999,553.15 1.341 Aaa 1.362 6 02/07/2003 36959JQM8 3117 General Electric Capital Corp 12/10/2002 1,000,000.00 998,400.00 998,226.67 1.330 Aaa 1.354 48 03/21/2003 61745BQH3 3123 Morgan Stanley Dean Witter 12/20/2002 2,000,000.00 1,997,100.00 1,996,773.33 1.320 Aa3 1.343 44 03/17/2003 7954W1PU1 3126 Smith Barney Inc. 12/20/2002 2,000,000.00 1,998,260.00 1,998,020.00 1.320 Aaa 1.342 27 02/28/2003 Subtotal and Average 8,988,086.82 7,000,000.00 6,993,480.00 6,992,573.15 1.350 29 Portfolio CITY AP Run Date:02/27/2003-16:37 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details- Investments January 31, 2003 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Disc.-Amortizing Subtotal and Average 1,805,611.61 Total and Average 107,056,629.59 105,205,618.02 106,528,156.53 105,281,529.60 3.566 618 Portfolio CITY AP Run Date:02/27/2003-16:37 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 5 Portfolio Details - Cash January 31, 2003 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 40,688.03 40,688.03 0 Subtotal 40,688.03 40,688.03 Total Cash and Investmentss 107,056,629.59 105,205,618.02 106,568,844.56 105,322,217.63 3.566 618 Portfolio CITY AP Run Date:02/27/2003-16:37 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page s Y YP ActivityB Type January 1, 2003 through January 31, 2003 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133M2VH7 2821 Federal Home Loan Bank 6.215 01/07/2003 0.00 1,000,000.00 3133MCRQ0 2988 Federal Home Loan Bank 6.030 01/17/2003 0.00 1,000,000.00 3133MUJ22 3118 Federal Home Loan Bank 3.260 01/30/2003 0.00 2,000,000.00 3133MURM9 3122 Federal Home Loan Bank 4.120 01/09/2003 1,000,000.00 0.00 3133MUT70 3127 Federal Home Loan Bank 3.010 01/13/2003 2,000,000.00 0.00 312925XS4 3130 Federal Home Loan Mort Corp 5.000 01/17/2003 2,031,875.00 0.00 3136F2L97 3131 Fed.Nat'l Mort.Assoc. 4.000 01/30/2003 2,000,000.00 0.00 3136F2076 3132 Fed.Nat'l Mort.Assoc. 3.200 01/28/2003 2,000,000.00 0.00 Subtotal 9,031,875.00 4,000,000.00 54,650,174.83 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 2.103 106,843.17 0.00 SYS2206 2206 LAIF-Redevelopment Agency 2.103 7,552,797.70 7,250,000.00 Subtotal 7,659,640.87 7,250,000.00 34,764,618.02 Treasury Securities-Coupon Subtotal 2,000,104.86 Medium Term Notes 02687QBB3 3129 American Ind Group(AIG) 2.850 01/06/2003 1,007,210.00 0.00 Subtotal 1,007,210.00 0.00 7,474,058.74 Commercial Paper Disc.-Amortizing 36959JNA7 3112 General Electric Capital Corp 1.320 01/10/2003 0.00 2,000,000.00 71708FNP3 3111 Pfizer,Inc. 1.280 01/23/2003 0.00 2,000,000.00 Subtotal 0.00 4,000,000.00 6,992,573.15 Federal Agency Disc.-Amortizing 313588BE4 3113 Fed.Nat'l Mort.Assoc. 1.240 01/29/2003 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 0.00 Total 17,698,725.87 17,250,000.00 105,281,529.60 Portfolio CITY AP Run Date:02/27/2003.16:37 PM(PRF_PM3)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary January 2002 through January 2003 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 2002 68 110,328,920.19 4.404 4.466 3.068 4 6 809 468 February 2002 69 108,193,466.33 4.503 4.566 2.967 4 3 874 504 March 2002 70 108,022,090.63 4.462 4.524 2.861 3 2 876 494 April 2002 70 108,878,225.21 4.496 4.558 2.845 2 2 907 513 May 2002 74 110,728,005.96 4.232 4.290 2.740 9 5 838 468 June 2002 73 111,911,861.38 4.098 4.155 2.687 5 6 832 472 July 2002 69 108,270,068.04 4.070 4.126 2.714 10 14 861 506 August 2002 66 101,881,721.88 4.001 4.057 2.594 4 7 858 508 September 2002 62 99,320,920.60 3.902 3.956 2.604 7 11 843 519 October 2002 - 55 96,564,576.04 3.871 3.924 2.604 1 7 820 497 November 2002 55 93,727,818.76 3.644 3.695 2.301 7 7 830 508 December 2002 58 101,252,496.49 3.462 3.510 2.201 11 8 810 527 January 2003 58 107,056,629.59 3.517 3.566 2.103 6 6 892 618 Average 65 105,080,357.60 4.051% 4.107% 2.638 6 6 850 508 Portfolio CITY AP Run Date:02/27/2003-16:37 PM(PRF_PM4)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type January 2002 through January 2003 January February March April May June July August September October November December January Average Security Type 2002 2002 2002 2002 2002 2002 2002 2002 2002 2002 2002 2002 2003 by Period Repurchase Agreements ....- ......- _... ....... ... ... ......... ..... ..... ......... ......... -- .. .......- ........ .......... . . ........ _.. Certificates of Deposit . .-...... ..._.-- . .. ......... ................................... ...... .. .......... ._..._....... ......... ...... ....... _ ......... ................ ._....... -...__.._. Commercial Paper-Interest Bearing ......... ........__ ......... ........ Federal Agency Issues-Coupon 40.5 44.6 44.7 46.4 42.4 42.5 46.0 47.9 47.2 46.3 46.4 46.8 51.3 45.6% .. ......... ......... ...._._ ._ ....__.... - ......... ......... ._........ ........__ Local Agency Investment Funds 35.8 34.6 34.7 34.9 29.8 28.4 26........... ..._.. ..... .. ......._.. ....- ...... ......... Treasury Securities-Coupon 3.6 3.7 3.7 3.6 3.5 3.7 2.9 2.0 2.0 2.1 2.1 1.9 1.9 2.8% ..... ......... ..._...... __-... ......... ....... ....... ......... ........ ......__.. ...... ........ ........ . .. - ......_... Medium Term Notes 11.2 11.6 11.4 11.3 11.0 8.7 8.3 8.6 7.5 6.8 6.8 6.2 7.1 9.0% ... ... ......... ._... .._ ......... . .. ......... ......... .... .. ...._.._.__ ......__ ......... .......- Negotiable CD's ........ ..... ... .......... . ......... .......... ......... ... ._..._.......... ......... ..... ............. Certificates of Deposit-Bank _..._ --- ...... _ _._... ......... ......... _._..... ......... . ... ......... ........ ........ _. ....... ......... ._ ......... Mortgage Backed Securities ........ .... .....- ......... ....... ......... .. ..............._.__.......................... . .................... .. ........._ .... . .._- ........... ......... ...... .. _- ....... Bankers Acceptances-Amortizing . ........................ .........- .__ _ ........---. ......... .... ..._._ ......... ...... ....... _ .........--- ......... _- .... Comme . ...._ ...._ ....__._.. ......... ...__ _ _ -_......... .........___ ..... ......... ...._... _ _ . .......... ......................_.... ......... . ___.... . Federal Agenc. -............................. .... ......... ......... ......... ....... Treasury Discounts-Amortizing 1.8 1.9 3.0 2.1 2.1 0.8% _.._ ... ......... ....... ....... ..... ._........_ ..._----_. ....... ......... . . -....... -......... ......... ......... ....._ ......... ......._ __ ........ Miscellaneous Discounts-Amortizing .....__ ........I .......__ ....___..... . ........ ... .......................... ............ ......... ...... . ....... ......... ......... _..... ......... ......... _....... Rolling Repurchase Agreements Portfolio CITY AP Run Date:02/27/2003-16:37 PM(PRF_PM5)SyrnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 1/31/2003 :.::: ::::.::::::::::::::::::.::::::::::::::::::.:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::.:::::::::::::::: ::::.::.:;.pe�cr:.E :€an:::::::>:>::::>::<.:::>:::. <: r ::>.; I > a�t� :::>::><:«:«<::>::<:< d:>Ir .. .. United States Treasury: Bills $ 497,500,319.42 $ 498,280,000.00 NA Notes $ 6,336,084 895.58 $ 6,439,305,000.00 $ 74,522,616.00 Federal Agency: SBA $ 358,441,485.09 $ 356,357,249.64 $ 1,057,829.74 MBS $ 532,446,041.96 $ 534,717,704.48 $ 2,731,478.47 Bonds $ 3,156,772 610.13 $ 3,220,553,933.50 $ 40,007 352.75 Floaters $ - $ - $ - Discount Notes $ 10,228,961,580.54 $ 10,262,346,185.70 NA FHLMC PC $ 5,822,379.85 $ 6,394,436.29 $ 93,591.83 GNMA $ 671,710.21 $ 786,737.39 $ 6,676.63 Bankers Acceptances $ - $ - NA Bank Notes $ 799,991,696.50 $ 800,011,422.00 $ 1,719,944.43 CDs $ 10,292,011,50101 $ 10,293,582,114.25 $ 32,877,140.01 Commercial Paper $ 12,525,372,627.67 $ 12,555,555,336.38 NA Corporate- Floaters $ 395,990,042.91 $ 392,645,268.34 $ 1,074,119.76 Bonds $ 1,838,051.,102.24 $ 1 874,602,086.83 $ 26,420 056.08 Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,434,095,000.00 .$ 5,434,095,000.00 NA AB 55&GF Loans $ 5,655,10.3,471.03 $ 5,655,103,471.03 NA TOTAL $ 58,057,316,466.14. $ 58,324,335,945.83 $ 180,510,805.70 Fair Value Including Accrued Interest $ 58,504,846,751.53 Repurchase Agreements,Time Deposits,AB 55&General Fund loans,and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of January 31,2003 Summary of investments by type Market Value Market Value Par Value Investment Type as of 12/31/02 as of 1/31/03 3,522,126 Local Agency Investment Fund(LAIF) 3,521,118 3,522,126 21,945,610 Investment Agreements 21,945,610 21,945,610 1,941,463 Federal Government Agency 2,160,643 2,142,904 8,345,850 Money Market Funds 6,778,977 8,341,850 351,244 US Treasury Securities 351,244 351,244 36,106,293 34,757,592 36,303,734 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 12/31/02 as of 1/31/03 2,185,702 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(1992) 1,696,060 2,185,702 4,473.403 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) 4,173,175 4,473,403 18,970,911 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 19,190,021 19,172,352 3,192,427 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) 2,701,833 3,192,427 2,432,930 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 2,433,298 2,432,930 2,474,409 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility, Energy Retrofit) 2,473,443 2,470,409 1,030,274 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds (1992) 815,146 1,030,274 884,200 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project 883,931 884,200 188,805 City of Huntington Beach- Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 184,814 188,805 53,338 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 5,711 53,338 113,884 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 113,786 113,884 106,011 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 86,374 106,011 36,106,293 34,757,592 36,303,734 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2002 Beginning Distributions/ Balance Contributions/ Transfers/ Earnings Ending Balance (09-30-02) Transfers Payments (change in value) Other (12-31-02) ICMA Retirement Corporation (457 Plan) $13,507,672 $347,418 ($215,230) $494,324 ($52,561) 14,081,623 ICMA Retirement Corporation (401 Plan) $121,762 $68,758 $0 $5,054 $0 195,574 Nationwide Retirement Solutions (457 Plan) $36,768,830 $924,978 ($447,172) $1,026,957 $0 38,273,593 Trust Deeds $425,771 $0 ($89,067) $0 $0 336,704 Total Deferred Compensation Plan Balances $50,824,035 $1,341,154 ($751,470) $1,526,335 ($52,561) 52,887,494 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: January 2003 Investment Summary Report COUNCIL MEETING DATE: March 17, 2003 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attome ) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff Assistant City' Administrator Initial City Administrator Initial City Clerk G�3 EXPLANATION FOR RETURN OF ITEM: Only)(Below Space For City Clerk's Use RCA Author: Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA November Treasurer' s Report � or Shari L . Freidenrich , CPA, CCMT, CFMA March 17, 2003 CN w c Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA January 2003 Investment Summary ( in millions) Financial Information: December January Inc./(Dec.) End of month City Portfolio $104.822 $105.282 $0.460 End of Month Market Value $106.191 $106.528 $0.337 Interest Earned for Month $0.303 $0.311 $0.008 Earned Interest Yield Year to Date 3.73% 3.63% -0.10% Average Maturity ( in days) 527 618 91 YTD Average Daily Balance $97.219 $99.698 $2.479 Summary by Type: January % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $54.050 51% None 1104 4.39% LAIF (State Pool) $34.765 33% $40 million 1 2.10% U.S.Treasury Notes $2.000 2% None 172 5.27% Medium Term Notes $7.474 7% 20% 640 6.02% Discount Comm. Paper $6.993 7% 25% 29 1 .35% Total $105.282 100%