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Home My WebLink About2008 City Treasurer Reports Council/Agency Meeting Held: Deferred/Continued to: gAppr ve ❑ C nditiogy Approved ❑ Denied 5ACit erk s MgnatureU Council Meeting Date: 12/15/2008 Department ID Number: CT09-03 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S OCTOBER 2008 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 October 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for October 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. City of 1i13 Portfolio Management Page 6 Activity By'Type g October 1, 2008 through October 31, 2008 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133XNVQ9 3605 Federal Home Loan Bank 4.375 10/07/2008 0.00 2,000,000.00 3133XQSZ6 3647 Federal Home Loan Bank 2.200 10/24/2008 0.00 2,000,000.00 3133XSBP2 3679 Federal Home Loan Bank 3.000 10/02/2008 2,000,000.00 0.00 3133XSDY1 3688 Federal Home Loan Bank 3.560 10/09/2008 2,014,940.00 0.00 3133XQZM7 3689 Federal Home Loan Bank 2.530 10/16/2008 1,993,560.00 0.00 3133XSGXO 3690 Federal Home Loan Bank 1.900 10/17/2008 1,990,100.00 0.00 3133XSE87 3691 Federal Home Loan Bank 4.050 10/15/2008 2,000,000.00 0.00 3128X5LP1 3429 Federal Home Loan Mort Corp 5.250 10/06/2008 0.00 1,998,800.00 3128X7X74 3685 Federal Home Loan Mort Corp 4.000 10/01/2008 1,996,700.00 0.00 3128X67H3 3687 Federal Home Loan Mort Corp 3.250 10/09/2008 1,995,000.00 0.00 3134A3EM4 3692 Federal Home Loan Mort Corp 5.750 10/24/2008 1,390,345.00 0.00 3128X67H3 3696 Federal Home Loan Mort Corp 3.250 10/27/2008 1,990,000.00 0.00 3128X72Q6 3697 Federal Home Loan Mort Corp 3.375 10/27/2008 998,020.00 0.00 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 5.375 10/27/2008 0.00 2,000,000.00 31359MZH9 3592 Fed.Nat'l Mort.Assoc. 4.500 10/15/2008 0.00 2,000,000.00 31398ATR3 3686 Fed.Nat'l Mort.Assoc. 4.550 10/06/2008 2,000,000,00 0.00 31359MU68 3694 Fed.Nat'l Mort.Assoc. 5.375 10/24/2008 2,035,640.00 0.00 31359MEY5 3695 Fed.Nat'l Mort.Assoc. 6.625 10/24/2008 2,060,560.00 0.00 Subtotal 24,464,865.00 9,998,800.00 120,483,238.02 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 2.709 13,147,940.62 23,400,000.00 SYS2206 2206 LAIF-Redevelopment Agency 2.709 209,580.93 207,000.00 Subtotal 13,357,621.55 23,6079000.00 45,663,203.11 Treasury Securities-Coupon 912828FV7 3473 US Treasury Notes 4.875 10/31/2008 0.00 2,000,000.00 912828FV7 3477 US Treasury Notes 4.875 10/31/2008 0.00 2,000,000.00 Subtotal 0.00 4,000,000.00 6,092,840.85 Medium Term Notes 89233PUV6 3438 Toyota Motor Credit 4.400 10/01/2008 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 1,968,604.38 Commercial Paper Disc.-Amortizing Portfolio CITY AP Run Date:12/01/2008-12:24 PM(PRF_PM3)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Activitya Page 7 October 1, 2008 through October 31, 2008 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Subtotal 11,941,477.22 Federal Agency Disc.-Amortizing 313396K69 3633 Federal Home Loan Mort Corp 2.090 10/14/2008 0.00 2,000,000.00 31358BK79 3632 Fed.Nat'l Mort.Assoc. 10/15/2008 0.00 2,000,000.00 313589HQ9 3693 Fed.Nat'l Mort.Assoc. 2.940 10/24/2008 2,328,275.46 0.00 Subtotal 2,328,276.46 4,000,000.00 4,323,399.54 Treasury Discounts-Amortizing Subtotal 1,998,533.33 Total 40,150,662.01 439606,800.00 192,471,296.45 Portfolio CITY AP Run Date:12/01/2008-12:24 PM(PRF_PM3)SymRept 6.42 City of 1-113 Portfolio Management Page 8 Activity Summary October 2007 through October 2008 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 2007 85 205,534,858.98 4.725 4.791 5.137 12 14 754 380 November 2007 77 202,206,117.59 4.690 4.755 4.962 9 17 698 371 December 2007 87 212,710,842.34 4.544 4.607 4.801 19 9 664 377 January 2008 91 233,636,809.52 4.409 4.470 4.620 15 11 667 407 February 2008 84 228,014,150.58 4.212 4.271 4.161 5 12 686 430 March 2008 81 219,765,603.57 4.027 4.083 3.777 5 8 695 439 April 2008 88 220,642,095.52 3.785 3.837 3.400 14 7 665 454 May 2008 94 238,678,019.73 3.657 3.708 3.072 15 9 696 504 June 2008 93 238,795,438.00 3.551 3.601 2.894 5 6 654 473 July 2008 87 228,997,955.43 3.569 3.619 2.787 2 8 701 509 August 2008 74 204,646,757.05 3.459 3.507 2.783 1 14 684 483 September 2008 72 196,403,906.46 3.391 3.438 2.774 17 19 675 499 October 2008 76 195,260,549,78 3.337 3.383 2.709 14 10 685 531 Average 84 217,304,812.05 3.950% 4.005% 3.683 10 11 686 451 Portfolio CITY AP Run Date:12101/2008-12:24 PM(PRF_PM4)SymRept 6.42 Report Ver.5.00 City of 1-113 Portfolio Management Page 9 Distribution of Investments By Type October 2007 through October 2008 October November December January February March April May June July August September October Average Security Type 2007 2007 2007 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 46.6 46.3 46.3 53.5 57.2 58.0 55.2 55.1 52.3 54.2 53.1 54.1 62.6 53.4% Local Agency Investment Funds 19.7 28.0 26.2 24.0 26.5 25.3 25.2 23.6 24.8 21.8 27.7 28.5 23.7 25.0% Treasury Securities-Coupon 6.9 4.9 7.0 6.8 8.0 8.4 8.6 9.2 9.1 8.4 6.1 5.2 3.2 7.1% Medium Term Notes 1.9 1.9 1.7 1.7 1.8 1.8 1.7 1.6 1.6 1.8 2.0 2.0 1.0 1.8% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 13.7 10.7 10.5 7.6 3.5 1.9 1.7 0.8 0.9 1.0 6.1 6.2 5.0% Federal Agency Disc.-Amortizing- 8.3 7.3 8.3 6.4 3.1 4.6 7.6 8.1 8.1 9.1 6.0 3.1 2.3 6.3% Treasury Discounts-Amortizing 2.9 1.0 2.5 3.3 3.7 4.1 1.0 1.0 1.5% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:12/01/2008-12:24 PM(PRF_PM5)SymRept 6.42 Report Ver,5.00 City of 1-113 Portfolio Management Page 10 Interest Earnings Summary October 31, 2008 October 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 566,592.23 566,592.23 Plus Accrued Interest at End of Period 1,036,305.99 1,036,305.99 Less Accrued Interest at Beginning of Period ( 1,181,923.61) ( 1,181,923.61) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 420,974.61 420,974.61 Adjusted by Premiums and Discounts 19,667.56 19,667.56 Adjusted by Capital Gains or Losses 1,200.00 1,200.00 Earnings during Periods 441,842.17 441,842.17 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 357,521.55 357,521.55 Plus Accrued Interest at End of Period -365,492.67 -365,492.67 Less Accrued Interest at Beginning of Period ( -124,610.41) ( -124,610.41) Interest Earned during Period 116,639.29 116,639.29 Total Interest Earned during Period 537,613.90 537,613.90 Total Adjustments from Premiums and Discounts 19,667.56 19,667.56 Total Capital Gains or Losses 1,200.00 1,200.00 Total Earnings during Period 568,481.46 558,481.46 Portfolio CITY AP Run Date:12/01/2008-12:24 PM(PRF_PM6)SymRept 6.42 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 10/31/2008 Carrying Cost Plus a a . . - Descriptor Accrued interest Punch» Fair Value Accrue' "In te ves# United States Treasury: Bills $ 5,706,727,404.88 $ 5,748,458,000.00 NA Notes $ 3,489,067,713.44 $ 3,481,542,000.00 $ 51,447,010.00 Federal Agency: SBA $ 566,819,907.67 $ 563,793,163.13 $ 2,213,404.16 MBS-REMICs $ 1,084,203,134.89 $ 1,063,575,440.02 $ 5,148,441.17 Debentures $ 3,778,718,718.30 $ 3,781,227,627.75 $ 51,604,959.06 Debentures FR $ 6,335,888,481.64 $ 6,323,366,580.00 $ 29,691,629.10 Discount Notes $ 5,226,364,644.47 $ 5,256,352,600.00 NA FHLMC PC $ 11,682.45 $ 11,951.12 $ 201.17 GNMA $ 149,223.64 $ 170,671.29 $ 1,478.07 CDs and YCDs FR $ 200,000,000.00 $ 200,000,000.00 $ 1,477,433.11 Bank Notes $ 300,000,000.00 $ 299,986,260.00 $ 3,182,000.00 CDs and YCDs $ 5,000,016,265.32 $ 4,997,905,553.15 $ 31,014,726.38 Commercial Paper $ 4,220,807,458.29 $ 4,237,871,858.34 NA Corporate: Bonds FR $ 259,314,980.02 $ 255,615,093.04 $ 1,387,487.72 Bonds $ 104,134,401.22 $ 103,189,978.30 $ 822,042.57 Repurchase Agreements $ - NA Reverse Repurchase $ 98,500,000.00 $ 98,500,000.00 $ 22,936,819.44 Time Deposits $ 8,646,000,000.00 $ 8,646,000,000.00 NA AB 55 & GF Loans $ 18,832,753,268.08 $ 18,832,753,268.08 NA TOTAL $ 63,652,477,284.31 $ 63,693,320,044.22 $ 155,053,993.07 Fair Value Including Accrued Interest $ 63,848,374,037.29 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 Held by Fiscal Agent as of June 30, 2008 Summary of investments by type Market Value Market Value Par Value Investment Type as of 5/31/08 as of 6/30/08 $5,810,401 Local Agency Investment Fund(LAIF) $5,810,395 $5,810,401 $0 Federal Agency Issues $0 $0 $8,236,496 Investment Agreements $8,236,433 $8,236,496 $2,001,795 Money Market Funds $2,052,893 $2,001,795 $0 US Treasury Securities $0 $0 $16,048,692 $16,099,721 $16,048,692 Summary of Investments by Bond Issue Market Value Market Value . Par value Bond Issue Description as of 5/31/08 as of 6/30/08 $2,537,080 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,536,779 $2,537,080 $2,138,739 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,140,351 $2,138,739 $1,649,597 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,596 $1,649,597 $528,483 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $508,474 $5281483 $2,043,024 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,042,950 $2,043,024 $2,697,082 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,696,927 $2,697,032 $1,281,432 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,279,680 $1,281,432 $174,245 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,245 $174,245 $1,440,327 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit,SB Phase 1) $1,440,259 $1,440,327 $771,145 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $771,139 $771,145 $619,315 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $681,021 $619,315 $168,273 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $178,300 $168,273 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $16,048,692 $16,099,721 $16,048,692 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (3-31-08) Transfers (change in value) Balance (6-30-08) ICMA Retirement Corporation (457 Plan) $25,219,876 $630,796 ($304,341) $13,242 ($220) $25,559,353 ICMA Retirement Corporation (401 Plan) $882,858 $24,876 $0 $3,120 $0 $910,854 Nationwide Retirement Solutions (457 Plan) $53,544,977 $901,010 ($973,689) $129,317 ($250) $53,601,365 Total Deferred Compensation Plan Balances $79,647,711 $1,556,682 ($1,278,030) $145,679 ($470) $80,071,572 ATTAC H M ENT #4 . City of Huntington Beach Retiree Medical Trust Information as of June 30, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (3-31-08) Transfers (change in value) Balance (3-31-08) CalPERS Retiree Medical Trust Account $8,901,612 $0 $0 ($169,168) ($2,199) $8,730,245 ATTACHMENT #:5 . , Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM July Treasurer' s Report Shari L. Freidenrich , CPA, CCMT CPFA, CPFIM September 15, 2008 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Financial Information: June July Inc./(Dec.) End of Month City Portfolio $242.271 $215.745 ($26.526) End of Month Market Value $242.809 $216.201 ($26.608) Interest Earned for Month $0.705 $0.676 ($0.029) Earned Interest Yield Year to Date 4.25% 4. 16% -0.09% Average Maturity ( in days) 473 509 36 YTD Average Daily Balance $222.196 $222.888 $0.692 Summary by Type: July % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $116.969 54% None 858 4.08% LAIF (State Pool) $47.113 22% $60 million 1 2.79% U.S.Treasury Notes $18.055 8% None 330 4.77% Medium Term Notes $3.963 2% 20% 460 5.06% Discount Comm. Paper $1 .995 1% 25% 33 2.40% Discount Federal Agy $19.677 9% None 50 2.32% Discount Treasury $7.973 4% None 60 2.00% Total $215.745 100% 609 3.62% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's July 2008 Investment Summary Report COUNCIL MEETING DATE: September 15, 2008 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached Not Applicable Tract Map, Location Map and/or other Exhibits Attached Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the Ci Attome Not Applicable Subleases, Third Party Agreements, etc. Not Applicable el A roved as to form b CityAttome Certificates of Insurance (Approved by the City Attomey) Attached Not Applicable Fiscal Impact Statement (Unbudgeted, over$5,000) Attached Not Applicable Bonds (If applicable) Attached Not Applicable Staff Report (If applicable) Not ed Applicable ❑ Commission, Board or Committee Report (if applicable) Attached Not Applicable Findings/Conditions for Approval and/or Denial Attached El Not Applicable EXPLANATION FOR MISSING ATTACHMENTS fX REVIEWED RETURNED FOR A DED Administrative Staff Deputy City Administrator Initial City Administrator Initial City Clerk EXPLANATION FOR RETURN OF ITEM: (Below SpaceFor Only) RCA Author: SLF Council/Agency Meeting Held: 0� Deferred/Continued to: I4i.Appr ed ❑ Conditionally Approved ❑ Denied it ClepWs Sig a ure Council Meeting Date: 8/4/2008 Departmen ID Number: CT08-14 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURE PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR o'V SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JUNE 2008 INVESTMENT SUMMARY REPORT Fs- 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 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for June 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 8/4/2008 DEPARTMENT ID NUMBER: CT08-14 Attachment(s): 1. Monthly Investment Report and Summary of Investments for June 2008 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. June 2008 PowerPoint Presentation -2- 7/21/2008 9:06 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for June 2008 City Investment Portfolio: May June Inc./(Dec.) End of month City Portfolio Balance $241,791,434 $242,271,108 $479,674 End of month General Fund Balance $55,587,504 $54,402,106 ($1,185,398) Monthly Effective Rate of Return 3.64% 3.59% -0.05% Average Maturity ( in days) 504 473 (31) End of Month Market Value $242,546,296 $242,809,029 $262,733 End of month bank cash balance $3,111,350 $4,484,387 $1,373,037 Bond Proceeds Investments:* April May Inc./(Dec.) End of Month Bond Reserve Par Value $16,060,009 $16,099,791 $39,782 End of Month Bond Reserve Market Value $16,060,009 $16,099,721 $39,712 Deferred Compensation Investments:** March June Inc./(Dec.) Participant Balances $79,647,711 $80,071,572 $423,861 Retiree Medical Trust:** December March Inc./(Dec.) Trust Balance $0 $8,901,612 $8,901,612 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $505,167 $705,324 $200,157 Interest Earned Year to Date $4,546,503 $7,083,301 $2,536,798 Earned Interest Yield Year to Date 4.85% 4.25% -0.60% "Bond Proceeds Statements are issued monthly and may lag by more than one month. —Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. June % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $126,669,857 52% None 817 4.04% Local Agency Inv. Fund (LAIF) $59,964,312 25% 60 million 1 2.89% Treasury Securities-Coupon $22,085,628 9% None 302 4.55% Medium Term Notes $3,960,410 2% 20% 491 5.06% Commercial Paper Disc. -Amortizing $1,991,609 1% 25% 64 2.40% Federal Agency Disc. -Amortizing $19,639,339 8% None 81 2.32% Treasury Discounts-Amortizing $7,959,953 3% None 91 2.00% $242,271,108 100% 473 3.60% NT I NGT�� O \PLOP PDXAI F City of Huntington Beach City of I•i 2000 Main St B Portfolio Management Huntington Beach 2p[ FB'b 1909. ��\�OQ Portfolio Summary C�DUNTV�P June 30, 2008 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 126,681,000.00 127,021,566.03 126,669,857.06 52.28 1,071 817 3.988 4.043 Local Agency Investment Funds 59,964,311.95 59,964,311.95 59,964,311.95 24.75 1 1 2.854 2.894 Treasury Securities-Coupon 22,000,000.00 22,204,980.00 22,085,628.01 9.12 635 302 4.483 4.546 Medium Term Notes 4,000,000.00 4,032,980.00 3,960,410.47 1.63 1,057 491 4.988 5.057 Commercial Paper Disc.-Amortizing 2,000,000.00 1,989,860.00 1,991,608.89 0.82 65 64 2.370 2.403 Federal Agency Disc.-Amortizing 19,738,000.00 19,632,831.40 19,639,339.12 8.11 165 81 2.287 2.319 Treasury Discounts-Amortizing 8,000,000.00 7,962,500.00 7,959,952.78 3.29 126 91 1.973 2.000 242,383,311.95 242,809,029.38 242,271,108.28 100.00% 654 473 3.551 3.601 Investments Cash and Accrued Interest Accrued Interest at Purchase 205,161.76 205.161.76 Subtotal 205,161.76 205,161.76 Total Cash and Investments 242,383,311.95 243,014,191.14 242,476,270.04 654 473 3.551 3.601 Total Earnings June 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 705,323.50 7,083,301.16 Current Budget 505,167.00 4,546,503.00 6,062,004.00 Last Year Actual 977,345.00 7,609,307.00 10,317,142.00 Average Daily Balance 238,795,438.00 222,196,460.07 Effective Rate of Return 3.59% 4.25% 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 November 5,2007. 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 Values provide by Union Bank via Merrill Lynch and Interactive Data Corporation. 7-Z/- b FREIDENPAH,CPA,CITY TREASURER Reporting period 06/01/2008-06/30/2008 Portfolio CITY AP Run Date:07/09/2008-16:01 PM(PRF_PM1)SyrnRept 6.42 Report Ver.5.00 City of FiB Portfolio Management Page 2 Portfolio Details - Investments June 30, 2008 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 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,039,380.00 1,998,240.11 5.050 AAA 5.150 342 06/08/2009 31331YRF9 3620 Federal Farm Credit Bank 02/05/2008 2,000,000.00 2,000,000.00 2,000,000.00 3.500 AAA 3.500 765 08/05/2010 31331YQW3 3621 Federal Farm Credit Bank 02/04/2008 2,000,000.00 2,001,260.00 2,000,000.00 3.150 AAA 3.150 583 02/04/2010 31331YZS2 3629 Federal Farm Credit Bank 04/01/2008 2,000,000.00 1,980,000.00 2,000,000.00 4.000 AAA 4.000 1,735 04/01/2013 31331YB25 3631 Federal Farm Credit Bank 04/07/2008 2,000,000.00 1,981.260.00 2,000,000.00 2.625 AAA 2.625 463 10/07/2009 31331YF88 3637 Federal Farm Credit Bank 04/22/2008 2,000,000.00 1,976,880.00 1,993,653.00 4.125 AAA 4.199 1,756 04/22/2013 31331YXN5 3640 Federal Farm Credit Bank 04/22/2008 2,000,000.00 1,991,880.00 1,995,913.88 3.470 AAA 3.549 989 03/17/2011 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 2,000,620.00 2,000,000.00 2.900 AAA 2.900 28 07/29/2008 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,008,120.00 2,000,000.00 5.700 AAA 5.700 1,150 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 2,010,620.00 2,000,000.00 5.430 AAA 5.430 1,178 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,044,380.00 2,000,000.00 5.300 AAA 5.300 1,171 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,017,500.00 2,000,000.00 5.250 AAA 5.250 490 11/03/2009 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2,000,000.00 2,001,880.00 2,000,000.00 5.150 AAA 5.150 745 07/16/2010 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2.000,000.00 2,025,000.00 2,000,000.00 5.300 AAA 5.300 1,137 08/12/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,047,500.00 2,000,000.00 5.550 AAA 5.550 1,442 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,044,380.00 1,997,555.56 5.350 AAA 5.419 714 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,089,380.00 2,000,000.00 5.600 AAA 5.600 1,480 07/20/2012 3133XNBW8 3579 Federal Home Loan Bank 11/26/2007 2,000,000.00 2,005,000.00 2,000,000.00 4.625 AAA 4.625 1,151 08/26/2011 3133XNCK3 3585 Federal Home Loan Bank 11/26/2007 2,000,000.00 2,005,000.00 2,000,000.00 4.600 AAA 4.600 1,151 08/26/2011 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,021,880.00 2,000,000.00 4.500 AAA 4.500 1,630 12/17/2012 3133XNQT9 3589 Federal Home Loan Bank 12/26/2007 2,000,000.00 2,006,880.00 2,000,000.00 4.550 AAA 4.550 1,182 09/26/2011 3133XNR92 3590 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,006,260.00 2,000,000.00 4.375 AAA 4.375 808 09/17/2010 3133XM2H3 3601 Federal Home Loan Bank 12/28/2007 2,000,000.00 2,006,260.00 2,001,934.66 4.885 AAA 4.149 50 08/20/2008 3133XNVQ9 3605 Federal Home Loan Bank 01/07/2008 2,000,000.00 2,007,500.00 2,000,000.00 4.375 AAA 4.375 B28 10/07/2010 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,001,260.00 2,000,000.00 4.200 AAA 4.200 1,659 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 1,997,500.00 2,000,000.00 4.150 AAA 4.150 1,673 01/29/2013 3133XCSA2 3616 Federal Home Loan Bank 01/14/2008 2,000,000.00 2,006,260.00 2,002,881.76 4.250 AAA 3.498 73 09/12/2008 31339YVV1 3618 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,000,620.00 1,999,800.00 3.375 AAA 3.557 20 07/21/2008 3133XOLJ6 3619 Federal Home Loan Bank 01/14/2008 2,000,000.00 2,002,500.00 2,000,487.96 3.750 AAA 3.542 45 08/15/2008 3133XP829 3622 Federal Home Loan Bank 02/13/2008 2,000,000.00 1,956,880.00 1,987,073.33 3.850 AAA 4.006 1,688 02/13/2013 3133XGE03 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 2,050,000.00 2,055,040.61 5.250 AAA 2.672 400 08/05/2009 3133XQSZ6 3647 Federal Home Loan Bank 04/25/2008 2,000,000.00 1,997,500.00 2,000,000.00 2.200 AAA 2.200 115 10/24/2008 3133XR7F1 3648 Federal Home Loan Bank 05/12/2008 2,000,000,00 1,990,000.00 2,000,000.00 2.450 AAA 2.451 407 08/12/2009 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 1,990,620.00 1,998,317.52 2.500 AAA 2.579 408 08/13/2009 3133XGS96 3658 Federal Home Loan Bank 05/30/2008 570,000.00 573,209.10 574,189.06 5.625 AAA 5.424 1,534 09/12/2012 3133XRND8 3662 Federal Home Loan Bank 06/30/2008 2,000,000.00 2,003,760.00 2,000,000.00 3.300 AAA 3.300 364 06/30/2009 Portfolio CITY AP Run Date:07/09/2008-16.01 PM(PRF_PM2)SymRept 6.42 Report Ver.5.00 City of FiB Portfolio Management Page 3 Portfolio Details - Investments June 30, 2008 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 3133XMSP7 3663 Federal Home Loan Bank 06/25/2008 1,520,000.00 1,522,857.60 1,523.118.22 4.640 AAA 4.520 673 05/05/2010 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,031,620.00 2,000,000.00 4.125 AAA 4.125 505 11/18/2009 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 2,008,760.00 1,998,694.44 5.250 AAA 5.273 1,192 10/06/2011 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 2,020,700.00 2,000,000.00 5.250 AAA 5.250 1,276 12/29/2011 3128X4MQ1 3571 Federal Home Loan Mort Corp 10/15/2007 2,000,000.00 2,008,000.00 1,999,037.84 4.480 AAA 4.706 80 09/19/2008 3128X6WC6 3597 Federal Home Loan Mort Corp 12/24/2007 2,000,000.00 2,007,300.00 2,000,000.00 4.450 AAA 4.450 815 09/24/2010 3128X6YJ9 3608 Federal Home Loan Mort Corp 01/09/2008 2,000,000.00 2,010,660.00 2,000,000.00 4.500 AAA 4.500 1,653 01/09/2013 3128X1 VYO 3613 Federal Home Loan Mort Corp 01/11/2008 2,900,000.00 2,903,654.00 2,900,436.64 3.690 AAA 3.554 43 08/13/2008 3134A4UD4 3615 Federal Home Loan Mort Corp 01/14/2008 2,000,000.00 2,004,380.00 2,000,534.27 3.625 AAA 3.487 76 09/15/2008 3128X7CK8 3626 Federal Home Loan Mort Corp 03/24/2008 2,000,000.00 1,989,020.00 2,000,000.00 3.100 AAA 3.100 815 09/24/2010 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 1,998,640.00 1,997,186.67 3.375 AAA 3.438 857 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 1,985,340.00 1,987,884.37 3.250 AAA 3.480 1,017 04/14/2011 3128X7SL9 3649 Federal Home Loan Mort Corp 05/15/2008 2,000,000.00 1,993,160.00 2,000,000.00 2.500 AAA 2.500 318 05/15/2009 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 1,979,840.00 2,000,000.00 3,250 AAA 3.250 1,060 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 1,972,960.00 1,975,937.98 3.700 AAA 4.002 1,606 11/23/2012 3128X7SW5 3657 Federal Home Loan Mort Corp 05/29/2008 2,000,000.00 1,988,000.00 1,984,727.11 3,800 AAA 4.013 1,428 05/29/2012 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 10/27/2006 2,000,000.00 2,014,380.00 2,000,000.00 5.375 AAA 5.375 1,213 10/27/2011 31359ME41 3586 Fed.Nat'l Mort.Assoc. 12/12/2007 2,850,000.00 2,851,795.50 2,849,629.10 3.875 AAA 4.212 14 07/15/2008 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,003,760.00 2,000,000.00 4.600 AAA 4.600 1,627 12/14/2012 31359MZH9 3592 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,011,880.00 2,002,764A2 4.500 AAA 4.003 106 10/15/2008 31359MX40 3614 Fed.Nat'l Mort.Assoc. 01/14/2008 2,000,000.00 2,011,260.00 2,006,024.40 5.000 AAA 3.497 76 09/15/2008 31359ME41 3617 Fed.Nat'l Mort.Assoc. 01/15/2008 2,841,000.00 2,842,789.83 2,841,331.45 3.875 AAA 3.570 14 07/15/2008 31398ANH1 3625 Fed.Nat'l Mort.Assoc. 03/17/2008 2,000,000.00 1,988,120.00 2,000,000.00 3.250 AAA 3.249 969 02/25/2011 31359MXK4 3638 Fed.Nat'l Mort.Assoc. 04/22/2008 2,000,000.00 2,001,260.00 2,002,131.61 3.750 AAA 2.123 24 07/25/2008 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 1,995,620.00 1,997,262.50 3.050 AAA 3.128 666 04/28/2010 31398AQW5 3642 Fed.Nat'l Mort.Assoc. 05/08/2008 2,000,000.00 2,000,000.00 2,000,000.00 4.250 AAA 4.250 1,772 05/08/2013 3136179MNO 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 1,986,880.00 1,998,068.89 4.000 AAA 4.022 1,763 04/29/2013 Subtotal and Average 128,056,389.23 126,681,000.00 127,021,566.03 1269669,857.06 4.043 817 Local Agency Investment Funds SYS982 982 Laif City 29,998,269.12 29,998,269.12 29,998,269.12 2.894 NR 2.894 1 SYS2206 2206 LAIF-Redevelopment Agency 29,966,042.83 29,966,042.83 29,966,042.83 2.894 NR 2.894 1 Subtotal and Average 58,414,311.95 59,964,311.95 69,964,311.96 59,964,311.95 2.894 1 Portfolio CITY AP Run Date.07/09/2008-16:01 PM(PRF_PM2)SymRept 6 42 City of FIB Portfolio Management Page 4 Portfolio Details - Investments June 30, 2008 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 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,053,440.00 2,000,625.00 4.875 AAA 4,834 410 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 2,014,220.00 1,998,650.63 4.625 AAA 4.909 91 09/30/2008 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 2,018,900.00 2,000,460.73 4.875 AAA 4.795 122 10/31/2008 912828FM7 3476 US Treasury Notes 01/17/2007 2,000,000.00 2,005,000.00 2,000,125.33 5.000 AAA 4.883 30 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 2,018,900.00 2,000,000.00 4.875 AAA 4.867 122 10/31/2008 912828ECO 3593 US Treasury Notes 12/14/2007 2,000,000.00 2,005,620.00 2,001,779.34 4.125 AAA 3.383 45 08/15/2008 912828FT2 3596 US Treasury Notes 12/14/2007 2,000,000.00 2,014,220.00 2,005,863.40 4.625 AAA 3.414 91 09/30/2008 912828FR6 3602 US Treasury Notes 12/28/2007 2,000,000.00 2,009,680.00 2,004,553.39 4.875 AAA 3.470 61 08/31/2008 912828FM7 3624 US Treasury Notes 02/20/2008 2,000,000.00 2,005,000.00 2,004,730.90 5.000 AAA 2.099 30 07/31/2008 912828HB9 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,037,660.00 2,043,392.86 4.000 AAA 2.099 426 08/31/2009 912810DF2 3645 US Treasury Notes 05/02/2008 2,000,000.00 2,022,340.00 2,025,446.43 12.000 AAA 11.230 1,871 08/15/2013 Subtotal and Average 22,100,103.42 22,000,000.00 22,204,980.00 22,085,628.01 4.546 302 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,025,680.00 1,963,673.13 4.200 Aaa 5.023 897 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 2,007,300.00 1,996,737.34 4.400 Aa1 5.090 92 10/01/2008 Subtotal and Average 3,959,288.95 4,000,000.00 4,032,980.00 3,960,410.47 5.057 491 Commercial Paper Disc.-Amortizing 36959HJ32 3664 General Electric Capital Corp 06/30/2008 2,000,000.00 1,989,860.00 1,991,608.89 2.360 P-1 2.403 64 09/03/2008 Subtotal and Average 66,386.96 2,000,000.00 1,989,860.00 1,991,608.89 2.403 64 Federal Agency Disc.-Amortizing 313384F61 3634 Federal Home Loan Bank 04/18/2008 1,738,000.00 1,729,831.40 1,730,775.23 2.050 AAA 2.125 73 09/12/2008 313396D83 3627 Federal Home Loan Mort Corp 03/18/2008 2,000,000.00 1,992,600.00 1,994,493.33 AAA 1.716 59 08/29/2008 313396D42 3628 Federal Home Loan Mort Corp 03/19/2008 2,000,000.00 1,993,200.00 1,994,775.00 1.710 AAA 1.747 55 08/25/2008 313396A94 3630 Federal Home Loan Mort Corp 03/31/2008 2,000,000.00 1,995,600.00 1,995,920.00 2.040 AAA 2.083 36 08/06/2008 313396K69 3633 Federal Home Loan Mort Corp 04/18/2008 2,000,000.00 1,985,800.00 1,987,808.33 2.090 AAA 2.171 105 10/14/2008 313396G49 3636 Federal Home Loan Mort Corp 04/21/2008 2,000,000.00 1,989,800.00 1,990,958.89 AAA 2.136 79 09/18/2008 313396T45 3659 Federal Home Loan Mort Corp 06/16/2008 2,000,000.00 1,976,800.00 1,975,599.45 2.630 AAA 2.740 167 12/15/2008 3135881338 3600 Fed.Nat'I Mort.Assoc. 12/27/2007 2,000,000.00 1,995,200.00 1,991,766.67 3.900 AAA 4.111 38 08/08/2008 313588K79 3632 Fed.Nat'l Mort.Assoc. 04/18/2008 2,000,000.00 1,985,800.00 1,987,692.22 AAA 2.171 106 10/15/2008 313588H73 3651 Fed.Nat'l Mort.Assoc. 05/14/2008 2,000,000.00 1,988,200.00 1,989,550.00 2.090 AAA 2.166 90 09/29/2008 Subtotal and Average 19,301,696.84 19,738,000.00 19,632,831.40 19,639,339.12 2.319 81 Portfolio CITY AP Run Date 07/09/2008-16:01 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 6 Portfolio Details - Investments June 30, 2008 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 912795G62 3652 United States Treasury Bills 05/15/2008 2,000,000.00 1,992,140.00 1,991,968.33 1.830 AAA 1.893 79 09/18/2008 912795G62 3654 United States Treasury Bills 05/19/2008 2,000,000.00 1,992,140.00 1,991,924.45 1.840 AAA 1.903 79 09/18/2008 912795G54 3656 United States Treasury Bills 05/28/2008 2,000,000.00 1,993,280.00 1,992,560.00 1.860 AAA 1.923 72 09/11/2008 9127951-161 3660 United States Treasury Bills 06/17/2008 2,000,000.00 1,984,940.00 1,983,500.00 2.200 AAA 2.282 135 11/13/2008 Subtotal and Average 6,897,260.65 8,000,000.00 7,962,500.00 7,959,952.78 2.000 91 Total and Average 238,795,438.00 242,383,311.95 242,809,029.38 242,271,108.28 3.601 473 Portfolio CITY AP Run Date 07/09/2008-16:01 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 6 Portfolio Details - Cash June 30, 2008 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 205,161.76 205,161.76 0 Subtotal 205,161.76 205,161.76 Total Cash and Investments 238,795,438.00 242,383,311.95 243,014,191.14 242,476,270.04 3.601 473 Portfolio CITY AP Run Date:07/09/2008-16:01 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Activity By Type Page 7 June 1, 2008 through June 30, 2008 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331 SGHO 3276 Federal Farm Credit Bank 4.000 06/15/2008 0.00 2,000,000.00 31331XE57 3542 Federal Farm Credit Bank 5.850 06/18/2008 0.00 2,000,000.00 3133XNSR1 3594 Federal Home Loan Bank 4.250 06/18/2008 0.00 2,000,000.00 3133XRND8 3662 Federal Home Loan Bank 3.300 06/30/2008 2,000,000.00 0.00 3133XMSP7 3663 Federal Home Loan Bank 4.640 06/25/2008 1,523,146.40 0.00 3128X5TU2 3459 Federal Home Loan Mort Corp 5.050 06/18/2008 0.00 2,000,000.00 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 3.250 06/04/2008 0.00 2,000,000.00 Subtotal 3,523,146.40 10,000,000.00 126,669,857.06 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 2.894 6,500,000.00 3,500,000.00 Subtotal 6,500,000.00 3,500,000.00 59,964,311.95 Treasury Securities-Coupon Subtotal 22,085,628.01 Medium Term Notes Subtotal 3,960,410.47 Commercial Paper Disc.-Amortizing 36959HJ32 3664 General Electric Capital Corp 2.360 06/30/2008 1,991,477.78 0.00 Subtotal 1,991,477.78 0.00 1,991,608.89 Federal Agency Disc.-Amortizing 313396T45 3659 Federal Home Loan Mort Corp 2.630 06/16/2008 1,973,407.78 0.00 313588XZ3 3604 Fed.Nat'l Mort.Assoc. 4.040 06/11/2008 0.00 2,000,000.00 Subtotal 1,973,407.78 2,000,000.00 19,639,339.12 Treasury Discounts-Amortizing 912795H61 3660 United States Treasury Bills 2.200 06/17/2008 1,981,788.89 0.00 Subtotal 1,981,788.89 0.00 7,959,952.78 Total 15,969,820.85 15,500,000.00 242,271,108.28 Portfolio CITY AP Run Date:07/09/2008-16 01 PM(PRF_PM3)SyrnRept 6 42 Report Ver 5.00 City of HB Portfolio Management Page 8 Activity Summary June 2007 through June 2008 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 2007 105 243,107,792.06 4.803 4.870 5.250 10 10 679 368 July 2007 99 234,531,828.66 4.792 4.859 5.255 7 13 740 398 August 2007 90 219,378,158.87 4.809 4.876 5.253 5 14 749 394 September 2007 87 210,473,705.74 4.807 4.874 5.231 8 11 747 389 October 2007 85 205,534,858.98 4.725 4,791 5.137 12 14 754 380 November 2007 77 202,206,117.59 4.690 4.755 4.962 9 17 698 371 December 2007 87 212,710,842.34 4.544 4.607 4,801 19 9 664 377 January 2008 91 233,636,809.52 4.409 4.470 4.620 15 11 667 407 February 2008 84 228,014,150.58 4.212 4.271 4.161 5 12 686 430 March 2008 81 219,765,603.57 4.027 4.083 3.777 5 8 695 439 April 2008 88 220,642,095.52 3.785 3.837 3.400 14 7 665 454 May 2008 94 238,678,019.73 3.657 3.708 3.072 15 9 696 504 June 2008 93 238,795,438.00 3.551 3.601 2.894 5 6 654 473 Average 89 223,637,587.39 4.370% 4.431% 4.447 10 11 700 414 Portfolio CITY AP Run Date:07/09/2008-16:01 PM(PRF_PM4)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type June 2007 through June 2008 June July August September October November December January February March April May June Average Security Type 2007 2007 2007 2007 2007 2007 2007 2008 2008 2008 2008 2008 2008 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 42.1 45.2 45.4 44.6 46.6 46.3 46.3 53.5 57.2 58.0 55.2 55.1 52.3 49.8% Local Agency Investment Funds 16.4 13.9 18.2 19.2 19.7 28.0 26.2 24.0 26.5 25.3 25.2 23.6 24.8 22.4% Treasury Securities-Coupon 7.4 8.1 6.6 6.7 6.9 4.9 7.0 6.8 8.0 8.4 8.6 9.2 9.1 7.5% Medium Term Notes 1.6 1.8 1.9 1.9 1.9 1.9 1.7 1.7 1.8 1.8 1.7 1.6 1.6 1.8% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 9.8 9.8 10.2 15.2 13.7 10.7 10.5 7.6 3.5 1.9 1.7 0.8 7.3% Federal Agency Disc.-Amortizing 8.1 7.1 7.5 5.7 8.3 7.3 8.3 6.4 3.1 4.6 7.6 8.1 8.1 6.9% Treasury Discounts-Amortizing 14.6 14.2 10.3 6.7 2.9 1.0 2.5 3.3 4.3% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:07/09/2008-16:01 PM(PRF_PM5)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 10 Interest Earnings Summary June 30, 2008 June 30 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 614,500.00 4,455,217.49 Plus Accrued Interest at End of Period 1,549,410.26 1,549,410.26 Less Accrued Interest at Beginning of Period ( 1,607,385.76) ( 1,429,456.49) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 556,524.50 4,575,171.26 Adjusted by Premiums and Discounts 9,852.95 850,247.44 Adjusted by Capital Gains or Losses 0.00 1,795.02 Earnings during Periods 566,377.45 5,427,213.72 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 0.00 1,686,475.26 Plus Accrued Interest at End of Period 452,189.26 452,189.26 Less Accrued Interest at Beginning of Period ( 313,243.21) ( 482,577.08) Interest Earned during Period 138,946.05 1,656,087.44 Total Interest Earned during Period 695,470.55 6,231,258.70 Total Adjustments from Premiums and Discounts 9,852.95 850,247.44 Total Capital Gains or Losses 0.00 1,795.02 Total Earnings during Period 705,323.50 7,083,301.16 Portfolio CITY AP Run Date:07/09/2008-16:01 PM(PRF_PM6)SyrnRept 6.42 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 6/30/2008 16 qwig United States Treasury: Federal Agency: Fair Value Including Accrued Interest $70.154.701.808.80 Repurchase Agreements, Time Deposits, AB55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying oosd. The value of each participating dollar equals the fair value divided by the amortized cost(0'999950219)' As an example: ifan agency has an account balance of$2O.00O.00O.00. then the agency would report its participation in the LA|F valued ot $18.888.004.37or$2O.00O.ODO.00x 0'999950219. ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of May 31, 2008 Summary of investments by type Market Value Market Value Par Value Investment Type as of 4/30/08 as of 5/31/08 $5,810,395 Local Agency Investment Fund (LAIF) $5,773,976 $5,810,395 $0 Federal Agency Issues $0 $0 $8,236,433 Investment Agreements $8,236,369 $8,236,433 $2,052,893 Money Market Funds $2,049,664 $2,052,893 $0 US Treasury Securities $0 $0 $16,099,721 $16,060,009 $16,099,721 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 4/30/08 as of 5/31/08 $2,536,779 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,513,212 $2,536,779 $2,140,351 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,140,311 $2,140,351 $1,649,596 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,596 $1,649,596 $508,474 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $503,260 $508,474 $2,042,950 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,042,872 $2,042,950 $2,696,927 Huntington Beach PFA- 2001 Series B (1993 Civic Center&Police Administration Bldg. Refinance) $2,696,819 $2,696,927 $1,279,680 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,277,886 $1,279,680 $174,245 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,245 $174,245 $1,440,259 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,440,192 $1,440,259 $771,139 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $763,178 $771,139 $681,021 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $680,824 $681,021 $178,300 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $177,614 $178,300 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $16,099,721 $16,060,009 $16,099,721 ATTACHMENT #3 i City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (3-31-08) Transfers (change in value) Balance (6-30-08) ICMA Retirement Corporation (457 Plan) $25,219,876 $630,796 ($304,341) $13,242 ($220) $25,559,353 ICMA Retirement Corporation (401 Plan) $882,858 $24,876 $0 $3,120 $0 $910,854 Nationwide Retirement Solutions (457 Plan) $53,544,977 $901,010 ($973,689) $129,317 ($250) $53,601,365 Total Deferred Compensation Plan Balances $79,647,711 $1,556,682 ($1,278,030) $145,679 ($470) $80,071,572 ATTAC H M E N T #4 City of Huntington Beach Retiree Medical Trust Information as of March 31, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (12-31-07) Transfers (change in value) Balance (3-31-08) CalPERS Retiree Medical Trust Account $0 $8,894,838 $0 $6,774 $0 $8,901,612 ATTACHMENT #5 Treasurer's Report - Shari L. Fre®denr®ch, CPA, CCMT, CPFA, CPFIM JUmN` E TREASURER'S REPORT FFB 17, 1901"A� Shari L. Freidenrich , CPA, cCMT CPFA, CPFI August 4, 2008 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Balance Trends Portfolio Balances by Type $140M $192M $222M $244M $215M $242M 100% - L'A MY % US Treas 80 M Med Notes 60% D LAIF N "Im a Fed Ag. ko A- 40% -- - -:50 w"M 16 01"', g El CP 20% - 00 0% -- Jun-04 Jun-05 Jun-06 Jun-07 Mar-08 Jun-08 Slide 2 Treasurer's Report - Shari Ls Freidenrich, CPA, CCMT, CPFA,. CPFIM Investment Percentages By Type of Investment Disc. Treasury Federal Agencies Securities 56/o R Commercial 30 Paper ,.mr 1% Fed. Agcy a ems- Discount 3% i e Treasury Sec. 4 , 9/o ° Medium Te (Votes 2% LAIF 26% Slide 3 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Liquidity Investment Maturities by Days, Ending June 2007/2008 50°/® 45 1 Day 50 ys El 2-180 Da M .5 - 1 Yr. 40% 32% 1 .5 Yr. IN, 1 .5 - 2 Yr. 30%- FJ 2 - 3 Yr. 20%- [IN 3 - 4 Yr. �4 11 % 7% 9®® 7010% 10% g, 4 - 5 Yr. Y 10°/® 1% Over 5 Yrs ;41 /® 16% 6% 3% 3% 25% 8% 3% 10% 2007 2008 Slide 4 Treasurer's Report - Shari L. Fre®denr®ch, CPA, CCMT, CPFA, CPFIM All Funds and General Fund Estimated Net Cash Flow and Maturing Investments ® Next 6 Months $22,3009000 500,000 T; $159000,000 ($1510009000) ($1598009000 ($6,5009000) ($30,0001000) $17,100,000) ($4510001000) ($601009000) h_ ($75500%000) $879000900® ($9010001000) x..x, z_ ,« Jul-08 Aug-08 Sepm08 Oct-08 Novm08 Dec-08 �it .,�`' Slide 5 Treasurer's Report - Shari L. Freidenrich,, CPA,, CCMT CPFA., CPFIM Investment Yields Trends 6.00% 4.89% 4.140/6 4.63% 5.00% - A OhiM J' 3.59% 4.00% - 1,-4 3.00% Et 4:4 2.00% 4-1 1.00% 11A 4-7 k 4 41 0.00% Jun-05 Jun-06 Jun-07 Dec-07 Mar-08 Jun-08 Slide 6 Treasurer's Report ® Shari L. Freidenfich, CPA, CCMT CPFA,, CPFIM Summary of Investment by City Fund $700,000 $35,0001000 V %0001000 Ih, a $53,000,000 $2690009000 M NJ, Tal I A e, e 11 94,600�000 $24900%000 Slide 7 Treasurer's Report - Shari L. Freidenrdch, CPA, CCMT, CPF/A, CPFIM Summary • Recommendation to City Council Slide 8 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: June 2008 Investment Summary Report COUNCIL MEETING DATE: August 4, 2008 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attomey) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXPLAWATtON FOR %9WH8 ATTACH HE NTS REVIEWED RETURNED FORWARDED Administrative Staff ( ) De uty City Administrator (Initial) ( ) City Administrator (Initial) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: (Below Space Far City,Cjer,WiU�e RCA Author: SLF Council/Agency Meeting Held: 2/ r Deferred/Continued to: Ap ov d ❑ Conditionally Approved ❑ Denied Ci lerkAlf Signa e Council Meeting Date: 7/21/2008 Department ID Number: CT08-13 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURC� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MAY 2008 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 May 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for May 2008, 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. a Strategic Plan Goal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. C-314 REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 7/21/2008 DEPARTMENT ID NUMBER: CT08-13 A>ttachmengs): 1. Monthly Investment Report and Summary of Investments for May 2008 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. May 2008 PowerPoint Presentation -2- 6/17/2008 2:33 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for May 2008 City Investment Portfolio: April May Inc./(Dec.) End of month City Portfolio Balance $232,963,632 $241,791,434 $8,827,802 End of month General Fund Balance $45,858,632 $55,587,504 $9,728,872 Monthly Effective Rate of Return 3.97% 3.64% -0.33% Average Maturity ( in days) 454 504 50 End of Month Market Value $234,441,808 $242,546,296 $8,104,488 End of month bank cash balance $4,457,853 $3,111,350 ($1,346,503) Bond Proceeds Investments:* March April Inc./(Dec.) End of Month Bond Reserve Par Value $16,073,756 $16,060,009 ($13,747) End of Month Bond Reserve Market Value $16,073,756 $16,060,009 ($13,747) Deferred Compensation Investments:** December March Inc./(Dec.) Participant Balances $84,249,629 $79,647,711 ($4,601,918) Retiree Medical Trust:** December March Inc./(Dec.) Trust Balance $0 $8,901,612 $8,901,612 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $505,167 $737,088 $231,921 Interest Earned Year to Date $4,041,336 $6,377,978 $2,336,642 Earned Interest Yield Year to Date 4.85% 4.33% -0.52% *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. May % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $133,157,126 55% None 826 4.06% Local Agency Inv. Fund (LAIF) $55,964,312 24% 60 million 1 3.07% Treasury Securities-Coupon $22,115,577 9% None 333 4.55% Medium Term Notes $3,958,090 2% 20% 521 5.06% Commercial Paper Disc. -Amortizing $19,629,093 8% 25% 92 2.47% Federal Agency Disc. -Amortizing $5,967,236 2% None 107 1.91% $241,791,434 100% 504 3.71% NT I NGTO O N1O P094IF0 v h City of Huntington Beach s , City of S-IB 2000 Main St Portfolio ManagementHuntington Beach �c fB„i9D4.P �o� Portfolio Summary F��uNTv c May 31, 2008 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 133,161,000.00 133,694,919.88 133,157,126.39 55.07 1,096 826 4.008 4.064 Local Agency Investment Funds 56,964,311.95 56,964,311.95 56,964,311.95 23.56 1 1 3.030 3.072 Treasury Securities-Coupon 22,000,000.00 22,260,480.00 22,115,577.12 9.15 636 333 4.487 4.550 Medium Term Notes 4,000,000.00 4,030,480.00 3,958,090.09 1.64 1,057 521 4.988 5.057 Federal Agency Disc.-Amortizing 19,738,000.00 19,629,224.40 19,629,092.82 8.12 163 92 2.431 2.465 Treasury Discounts-Amortizing 6,000,000.00 5,966,880.00 5,967,236.11 2.47 118 107 1.880 1.906 241,863,311.95 242,546,296.23 241,791,434.48 100.00% 696 504 3.657 3.708 Investments Cash and Accrued Interest Accrued Interest at Purchase 195,366.20 195,366.20 Subtotal 195,366.20 195,366.20 Total Cash and Investments 241,863,311.95 242,741,662.43 241,986,800.68 696 504 3.657 3.708 Total Earnings May 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 737,088.27 6,377,977.66 Current Budget 505,167.00 4,041,336.00 6,062,004.00 Last Year Actual 992,862.00 6,631,962.00 10,317,142.00 Average Daily Balance 238,678,019.73 220,155,602.12 Effective Rate of Return 3.64% 4.33% 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 November 5,2007. 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 Interactive Data Corporation. 7- 1- 0 SHA L.FREID RICH,CPA,CITY TREASURER Reporting period 0510112008-05/31/2008 Portfolio CITY AP Run Date:06/10/2008-11:16 PM(PRF_PM1)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments May 31, 2008 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 3133ISGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 2,001,260.00 2,000,000.00 4.000 AAA 4.000 197 12/15/2008 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,045,620.00 1,998,083.44 5.050 AAA 5.150 372 06/08/2009 31331XE57 3542 Federal Farm Credit Bank 06/18/2007 2,000,000.00 2,003,120.00 2,000,000.00 5.850 AAA 5.850 1,478 06/18/2012 31331YRF9 3620 Federal Farm Credit Bank 02/05/2008 2,000,000.00 2,000,000.00 2,000.000.00 3.500 AAA 3.500 795 08/05/2010 31331YQW3 3621 Federal Farm Credit Bank 02/04/2008 2,000,000.00 2,000,620.00 2,000,000.00 3.150 AAA 3.150 613 02/04/2010 31331YZS2 3629 Federal Farm Credit Bank 04/01/2008 2,000,000.00 1,984,380.00 2,000,000.00 4.000 AAA 4.000 1,765 04/01/2013 31331YB25 3631 Federal Farm Credit Bank 04/07/2008 2,000,000.00 1,980,000.00 2,000,000.00 2.625 AAA 2.625 493 10/07/2009 31331YF88 3637 Federal Farm Credit Bank 04/22/2008 2,000,000.00 1,980,620.00 1,993,543.00 4.125 AAA 4.199 1,786 04/22/2013 31331YXN5 3640 Federal Farm Credit Bank 04/22/2008 2,000,000.00 1.990,000.00 1,995.788.28 3.470 AAA 3.549 1,019 03/17/2011 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 2,001,260.00 2,000,000.00 2.900 AAA 2.900 58 07/29/2008 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,013,120.00 2,000,000.00 5.700 AAA 5.700 1,180 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000.000.00 2,015,620.00 2,000,000.00 5.430 AAA 5.430 1,208 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,056,880.00 2,000,000.00 5.300 AAA 5.300 1,201 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,020,620.00 2,000,000.00 5.250 AAA 5.250 520 11/03/2009 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2,000,000.00 2,006,260.00 2,000,000.00 5.150 AAA 5.150 775 07/16/2010 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2,033,760.00 2,000,000.00 5.300 AAA 5.300 1,167 08/12/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2.061,260.00 2,000,000.00 5.550 AAA 5.550 1,472 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,055,620.00 1,997,451.39 5.350 AAA 5.419 744 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,096,880.00 2,000,000.00 5.600 AAA 5.600 1,510 07/20/2012 3133XNBWB 3579 Federal Home Loan Bank 11/26/2007 2,000,000.00 2,008,120.00 2,000,000.00 4.625 AAA 4.625 1,181 08/26/2011 3133XNCK3 3585 Federal Home Loan Bank 11/26/2007 2,000,000.00 2,008,120.00 2,000,000.00 4.600 AAA 4.600 1,181 08/26/2011 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,029,380.00 2,000,000.00 4.500 AAA 4.500 1,660 12/17/2012 3133XNQT9 3589 Federal Home Loan Bank 12/26/2007 2,000,000.00 2,010,620.00 2,000,000.00 4.550 AAA 4.550 1,212 09/26/2011 3133XNR92 3590 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,010,000.00 2,000,000.00 4.375 AAA 4.375 838 09/17/2010 3133XNSR1 3594 Federal Home Loan Bank 12/18/2007 2,000,000.00 2,001,880.00 2,000,000.00 4.250 AAA 4.250 17 06/18/2008 3133XM2H3 3601 Federal Home Loan Bank 12/28/2007 2,000,000.00 2,010,620.00 2,003,119.14 4.885 AAA 4.149 80 08/20/2008 3133XNVQ9 3605 Federal Home Loan Bank 01/07/2008 2,000,000.00 2,011,260.00 2,000,000.00 4.375 AAA 4.375 858 10/07/2010 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,005,620.00 2,000,000.00 4.200 AAA 4.200 1,689 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,001,880.00 2,000,000.00 4.150 AAA 4.150 1,703 01/29/2013 3133XCSA2 3616 Federal Home Loan Bank 01/14/2008 2,000,000.00 2,010,000.00 2,004,099.41 4.250 AAA 3.498 103 09/12/2008 31339YVV1 3618 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,002,500.00 1,999,500.00 3.375 AAA 3.557 50 07/21/2008 3133XOLJ6 3619 Federal Home Loan Bank 01/14/2008 2,000,000.00 2,005,620.00 2,000,820.66 3.750 AAA 3.542 75 08/15/2008 3133XPB29 3622 Federal Home Loan Bank 02/13/2008 2,000,000.00 1,960,620.00 1,986,840.00 3.850 AAA 4.006 1,718 02/13/2013 3133XGEQ3 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 2,055,000.00 2,059,231.52 5.250 AAA 2.672 430 08/05/2009 3133XQSZ6 3647 Federal Home Loan Bank 04/25/2008 2,000,000.00 1,998,760.00 2,000,000.00 2.200 AAA 2,200 145 10/24/2008 3133XR7F1 3648 Federal Home Loan Bank 05/12/2008 2,000,000.00 1,990,000.00 2,000,000.00 2.450 AAA 2.451 437 08/12/2009 Portfolio CITY AP Run Date:06/10/2008-11:16 PM(PRF_PM2)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments May 31, 2008 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 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 1,990,620.00 1,998,191.96 2.500 AAA 2.579 438 08/13/2009 3133XGS96 3658 Federal Home Loan Bank 05/30/2008 570,000.00 574,810.80 574,272.23 5.625 AAA 5.424 1,564 09/12/2012 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,030,460.00 2,000,000.00 4.125 AAA 4.125 535 11/18/2009 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 2,013,360.00 1,998,661.11 5.250 AAA 5.273 1,222 10/06/2011 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2,000,000.00 2,002,040.00 2,000,000.00 5.050 AAA 5.050 565 12/18/2009 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 2,029,180.00 2,000,000.00 5.250 AAA 5.250 1,306 12/29/2011 3128X4MQ1 3571 Federal Home Loan Mort Corp 10/15/2007 2,000,000.00 2,012,080.00 1,998,667.78 4.480 AAA 4.706 110 09/19/2008 3128X6WC6 3597 Federal Home Loan Mort Corp 12/24/2007 2,000,000.00 2,010,860.00 2,000,000.00 4.450 AAA 4.450 845 09/24/2010 3128X6YJ9 3608 Federal Home Loan Mort Corp 01/09/2008 2,000,000.00 2,014,060.00 2,000,000.00 4.500 AAA 4.500 1,683 01/09/2013 3128X1VYO 3613 Federal Home Loan Mort Corp 01/11/2008 2,900,000.00 2,907,250.00 2,900,748.53 3.690 AAA 3.554 73 08/13/2008 3134A4UD4 3615 Federal Home Loan Mort Corp 01/14/2008 2,000,000.00 2,006,880.00 2,000,750.87 3.625 AAA 3.487 106 09/15/2008 3128X7CK8 3626 Federal Home Loan Mort Corp 03/24/2008 2,000,000.00 1,988,940.00 2,000,000.00 3.100 AAA 3.100 845 09/24/2010 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 1,997,560.00 1,997,086.67 3.375 AAA 3.438 887 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 1,975,500.00 1,987,521.98 3.250 AAA 3.480 1,047 04/14/2011 3128X7SL9 3649 Federal Home Loan Mort Corp 05/15/2008 2,000,000.00 1,995,320.00 2,000,000.00 2.500 AAA 2.500 348 05/15/2009 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 1,969,460.00 2,000,000.00 3250 AAA 3.250 1,090 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 1,974,980.00 1,975,481.68 3.700 AAA 4.002 1,636 11/23/2012 3128X7SW5 3657 Federal Home Loan Mort Corp 05/29/2008 2,000,000.00 1,991,020.00 1,984,401.69 3.800 AAA 4.013 1,458 05/29/2012 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 2,000,000.00 1,999,991.67 3.250 AAA 2.052 3 06/04/2008 3136F74N4 3433 Fed.Nat'I Mort.Assoc. 10/27/2006 2,000,000.00 2,020,620.00 2,000,000.00 5.375 AAA 5.375 1,243 10/27/2011 31359ME41 3586 Fed.Nat'l Mort.Assoc. 12/12/2007 2,850,000.00 2,855,358.00 2,848,834.31 3.875 AAA 4.212 44 07/15/2008 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,009,380.00 2,000,000.00 4.600 AAA 4.600 1,657 12/14/2012 31359MZH9 3592 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,016,260.00 2,003,561.46 4.500 AAA 4.003 136 10/15/2008 31359MX40 3614 Fed.Nat'l Mort.Assoc. 01/14/2008 2,000,000.00 2,016,260.00 2,008,466.72 5.000 AAA 3.497 106 09/15/2008 31359ME41 3617 Fed.Nat'l Mort.Assoc. 01/15/2008 2,841,000.00 2,846,341.08 2,842,041.70 3.875 AAA 3.570 44 07/15/2008 31398ANH1 3625 Fed.Nat'l Mort.Assoc. 03/17/2008 2,000,000.00 1,981,880.00 2,000,000.00 3.250 AAA 3.249 999 02/25/2011 31359MXK4 3638 Fed.Nat'l Mort.Assoc. 04/22/2008 2,000,000.00 2,003,760.00 2,004,796.13 3.750 AAA 2.123 54 07/25/2008 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 1,996,260.00 1,997,137.50 3.050 AAA 3.128 696 04/28/2010 31398AQW5 3642 Fed.Nat'l Mort.Assoc. 05/08/2008 2,000,000.00 2,006,260.00 2,000,000.00 4.250 AAA 4.250 1,802 05/08/2013 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 1,991,260.00 1,998,035.56 4.000 AAA 4.022 1,793 04/29/2013 Subtotal and Average 131,821,331.31 133,161,000.00 133,694,919.88 133,157,126.39 4.064 826 Local Agency Investment Funds SYS982 982 Laif City 26,998,269.12 26,998,269.12 26,998,269.12 3.072 NR 3.072 1 SYS2206 2206 LAIF-Redevelopment Agency 29,966,042.83 29,966,042.83 29,966,042.83 3.072 NR 3.072 1 Subtotal and Average 59,296,570.01 56,964,311.95 56,964,311.95 56,964,311.95 3.072 1 Portfolio CITY AP Run Date:06/10/2008-11:16 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Investments May 31, 2008 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 912828FPo 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,059,380.00 2,000,670.73 4.875 AAA 4.834 440 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 2,017,340.00 1,998,205.78 4.625 AAA 4.909 121 09/30/2008 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 2,023,600.00 2,000,574.02 4.875 AAA 4.795 152 10/31/2008 912828FM7 3476 US Treasury Notes 01/17/2007 2,000,000.00 2,009,840.00 2,000,250.67 5.000 AAA 4.883 60 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 2,023,600.00 2,000,000.00 4.875 AAA 4.867 152 10/31/2008 912828ECo 3593 US Treasury Notes 12/14/2007 2,000,000.00 2,008,760.00 2,002,965.56 4.125 AAA 3.383 75 08/15/2008 912828FT2 3596 US Treasury Notes 12/14/2007 2,000,000.00 2,017,340.00 2,007,796.39 4.625 AAA 3.414 121 09/30/2008 912828FR6 3602 US Treasury Notes 12/28/2007 2,000,000.00 2,014,060.00 2,006,792.76 4.875 AAA 3.470 91 08/31/2008 912828FM7 3624 US Treasury Notes 02/20/2008 2,000,000.00 2,009,840.00 2,009,461.81 5.000 AAA 2.099 60 07/31/2008 912828H69 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,039,060.00 2,046,448.69 4.000 AAA 2.099 456 08/31/2009 912810DF2 3645 US Treasury Notes 05/02/2008 2,000,000.00 2,037,660.00 2,042,410.71 12.000 AAA 11.230 1,901 08/15/2013 Subtotal and Average 22,064,120.24 22,000,000.00 22,260,480.00 22,115,577.12 4.550 333 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,020,620.00 1,962,440.31 4.200 Aaa 5.023 927 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 2,009,860.00 1,995,649.78 4.400 Aa1 5.090 122 10/01/2008 Subtotal and Average 3,957,004.76 4,000,000.00 4,030,480.00 3,958,090.09 5.057 521 Commercial Paper Disc.-Amortizing Subtotal and Average 580,450.97 Federal Agency Disc.-Amortizing 313384F61 3634 Federal Home Loan Bank 04/18/2008 1,738,000.00 1,727,224.40 1,727,806.15 2.050 AAA 2.125 103 09/12/2008 313396D83 3627 Federal Home Loan Mort Corp 03/18/2008 2,000,000.00 1,989,400.00 1,991,693.33 AAA 1.716 89 08/29/2008 313396D42 3628 Federal Home Loan Mort Corp 03/19/2008 2,000,000.00 1,990,000.00 1,991,925.00 1.710 AAA 1.747 85 08/25/2008 313396A94 3630 Federal Home Loan Mort Corp 03/31/2008 2,000,000.00 1,992,200.00 1,992,520.00 2.040 AAA 2.083 66 08/06/2008 313396K69 3633 Federal Home Loan Mort Corp 04/18/2008 2,000,000.00 1,983,400.00 1,984,325.00 2.090 AAA 2.171 135 10/14/2008 313396G49 3636 Federal Home Loan Mort Corp 04/21/2008 2,000,000.00 1,987,000.00 1,987,525.55 AAA 2.136 109 09/18/2008 3135881338 3600 Fed.Nat'l Mort.Assoc. 12/27/2007 2,000,000.00 1,992,000.00 1,985,266.67 3.900 AAA 4.111 68 08/08/2008 313588XZ3 3604 Fed.Nat'l Mort.Assoc. 12/31/2007 2,000,000.00 1,999,000.00 1,997,755.56 4.040 AAA 4.172 10 06/11/2008 313588K79 3632 Fed.Nat'l Mort.Assoc. 04/18/2008 2,000,000.00 1,983,400.00 1,984,208.89 AAA 2.171 136 10/15/2008 313588H73 3651 Fed.Nat'l Mort.Assoc. 05/14/2008 2,000,000.00 1,985,600.00 1,986,066.67 2.090 AAA 2.166 120 09/29/2008 Subtotal and Average 18,777,826.87 19,738,000.00 19,629,224.40 19,629,092.82 2.465 92 Portfolio CITY AP Run Date:06/10/2008-11:16 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 5 Portfolio Details - Investments May 31, 2008 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 912795G62 3652 United States Treasury Bills 05/15/2008 2,000,000.00 1,988,660.00 1,988,918.33 1.830 AAA 1.893 109 09/18/2008 912795G62 3654 United States Treasury Bills 05/19/2008 2,000,000.00 1,988,660.00 1,988,857.78 1.840 AAA 1.903 109 09/18/2008 912795G54 3656 United States Treasury Bills 05/28/2008 2,000,000.00 1,989,560.00 1,989,460.00 1.860 AAA 1.923 102 09/11/2008 Subtotal and Average 2,180,715.57 6,000,000.00 5,966,880.00 5,967,236.11 1.906 107 Total and Average 238,678,019.73 241,863,311.95 242,646,296.23 241,791,434.48 3.708 504 Portfolio CITY AP Run Date:06/10/2008-11:16 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 6 Portfolio Details - Cash May 31, 2008 Average Purchase Stated YTM Daysto CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 195,366.20 195,366.20 0 Subtotal 195,366.20 195,366.20 Total Cash and Investments 238,678,019.73 241,863,311.95 242,741,662.43 241,986,800.68 3.708 504 Portfolio CITY AP Run Date:06/10/2008-11:16 PM(PRF_PM2)SymRept 6.42 REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 12/15/2008 DEPARTMENT ID NUMBER: CT09-03 Attachment(s): o - ;,k - . ® Poo 1. Monthly Investment Report and Summary of Investments for October 2008 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments r 5. October 2008 PowerPoint Presentation -2- 12/1/2008 8 49 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for October 2008 City Investment Portfolio: September October Inc./(Dec.) End of month City Portfolio Balance $195,906,767 $192,471,296 ($3,435,471) End of Month Market Value $196,040,382 $192,619,359 ($3,421,023) End of month General Fund Balance $24,951,072 $17,837,535 ($7,113,537) Monthly Effective Rate of Return 3.49% 3.37% -0.12% Average Maturity( in days) 499 531 32 End of month bank cash balance $3,638,192 $3,848,252 $210,060 Bond Proceeds Investments:* August September Inc./(Dec.) End of Month Bond Reserve Par Value $20,064,721 $16,123,386 ($3,941,335) End of Month Bond Reserve Market Value $20,064,721 $16,123,386 ($3,941,335) Deferred Compensation Investments:** June September Inc./(Dec.) Participant Balances $80,071,572 $75,382,250 ($4,689,322) Retiree Medical Trust:** June September Inc./(Dec.) Trust Balance $8,730,245 $7,869,755 ($860,490) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $445,417 $558,481 $113,064 Interest Earned Year to Date $445,417 $558,481 $113,064 Earned Interest Yield Year to Date 3.50% 3.37% -0.13% Average Daily Balance $152,714,286 $195,260,550 $42,546,264 "Bond Proceeds Statements are issued monthly and may lag by more than one month. —Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTMlInt. October % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $120,483,238 63% None 808 3.74% Local Agency Inv. Fund (LAIF) $45,663,203 24% 60 million 1 2.71% Treasury Securities-Coupon $6,092,841 3% None 292 2.97% Medium Term Notes $1,968,604 1% 20% 774 5.02% Commercial Paper Disc. -Amortizing $11,941,477 6% 25% 67 2.69% Federal Agency Disc. -Amortizing $4,323,400 2% None 151 2.92% Treasury Discounts-Amortizing $1,998,533 1% None 12 2.28% $192,471,296 100% 531 3.38% TINGT� Q�_.NGpflPOAgjEp �� City of Huntington Beach 9= City of 1-113 2000 Main St Portfolio ManagementHuntington Beach Portfolio Summary F�dIJ Tv t October 31, 2008 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 120,375,000.00 120,504,678.75 120,483,238.02 62.60 1,018 808 3.685 3.737 Local Agency Investment Funds 45,663,203.11 45,663,203.11 45,663,203.11 23.72 1 1 2.672 2.709 Treasury Securities-Coupon 6,000,000.00 6,168,460.00 6,092,840.85 3.17 612 292 2.934 2.974 Medium Term Notes 2,000,000.00 2,024,840.00 1,968,604.38 1.02 1,428 774 4.954 5.023 Commercial Paper Disc.-Amortizing 12,000,000.00 11,921,020.00 11,941,477.22 6.20 113 67 2.650 2.687 Federal Agency Disc.-Amortizing 4,377,000.00 4,337,217.20 4,323,399.54 2.25 219 151 2.879 2.919 Treasury Discounts-Amortizing 2,000,000.00 1,999,940.00 1,998,533.33 1.04 149 12 2.251 2.282 192,415,203.11 192,619,359.06 192,471,296.45 100.00% 685 531 3.337 3.383 Investments Cash and Accrued Interest Accrued Interest at Purchase 144,622.08 144,622.08 Subtotal 144,622.08 144,622.08 Total Cash and Investments 192,415,203.11 192,763,981.14 192,615,918.53 685 531 3.337 3.383 Total Earnings October 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 558,481.46 558,481.46 Current Budget 445,416.67 445,416.67 5,345,000.00 Last Year Actual 834,879.49 834,879.49 8,923,191.10 Average Daily Balance 195,260,649.78 195,260,649.78 Effective Rate of Return 3.37% 3.37% 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 November 5,2007. 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 Interactive Data Corporation. / 2 -/-- c> FREIDENR CH,CPA,CITY TREASURER Reporting period 10/0112008-1013112008 Portfolio CITY AP Run Date:12/01/2008-12:24 PM(PRF_PM1)SymRept 6.42 Report Ver.5.00 City of I-113 Portfolio Management Page 2 Portfolio Details - Investments October 31, 2008 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 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,028,120.00 1,998,866.78 5.050 AAA 5.150 219 06/08/2009 31331YQW3 3621 Federal Farm Credit Bank 02/04/2008 2,000,000.00 1,998,120.00 2,000,000.00 3.150 AAA 3.150 460 02/04/2010 31331YZS2 3629 Federal Farm Credit Bank 04/01/2008 2,000,000.00 1,972,500.00 2,000,000.00 4.000 AAA 4,000 1,612 04/01/2013 31331YB25 3631 Federal Farm Credit Bank 04/07/2008 2,000,000.00 1,983,120.00 2,000,000.00 2.625 AAA 2.625 340 10/07/2009 31331YF88 3637 Federal Farm Credit Bank 04/22/2008 2,000,000.00 1,969,380.00 1,994,093.00 4.125 AAA 4.199 1,633 04/22/2013 31331YXN5 3640 Federal Farm Credit Bank 04/22/2008 2,000,000.00 1,993,120.00 1,996,416.27 3.470 AAA 3.549 866 03/17/2011 31331GBC2 3670 Federal Farm Credit Bank 09/15/2008 2,000,000.00 1,993,120.00 2,000,000.00 3.300 AAA 3.300 683 09/15/2010 31331GBS7 3678 Federal Farm Credit Bank 09/17/2008 2,000,000.00 1,984,380.00 2,009,388.89 3.100 AAA 2.841 685 09/17/2010 31331GCH0 3680 Federal Farm Credit Bank 09/29/2008 2,000,000.00 1,995,000.00 2,000,000.00 3.750 AAA ..3.750 1,062 09/29/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,033,120.00 2,000,000.00 5.300 AAA 5.300 1,048 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,000,000.00 2,000,000.00 5.260 AAA 5.250 367 11/03/2009 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2,013,120.00 2,000,000.00 5.300 AAA 5.300 1,014 08/12/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,036,260.00 2,000,000.00 5.550 AAA 5.550 1,319 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,031,260.00 1,997,972.22 5.350 AAA 5.419 591 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,080,620.00 2,000,000.00 5.600 AAA 5.600 1,357 07/20/2012 3133XNPT0 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,013,120.00 2,000,000.00 4.500 AAA 4.600 1,507 12/17/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 1,993,120.00 2,000,000.00 4.200 AAA 4.200 1,536 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 1,988,760.00 2,000,000.00 4.150 AAA 4.150 1,550 01/29/2013 3133XPB29 3622 Federal Home Loan Bank 02/13/2008 2,000,000.00 1,950,620.00 1,988,006.67 3.850 AAA 4.006 1,565 02/13/2013 3133XGEQ3 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 2,035,620.00 2,038,276.97 5.250 AAA 2.672 277 08/05/2009 3133XR7F1 3648 Federal Home Loan Bank 05/12/2008 2,000,000.00 1,993,760.00 2,000,000.00 2.450 AAA 2.451 284 08/12/2009 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 1,994,380.00 1,998,819.75 2.500 AAA 2.579 285 08/13/2009 3133XRND8 3662 Federal Home Loan Bank 06/30/2008 2,000,000.00 2,002,500.00 2,000,000.00 3.300 AAA 3.300 241 06/30/2009 3133XS3F3 3666 Federal Home Loan Bank 08/27/2008 2,000,000.00 2,004,380.00 2,000,000.00 3.450 AAA 3.450 664 08/27/2010 3133XS5M6 3667 Federal Home Loan Bank 09/25/2008 2,000,000.00 2,000,000.00 2,000,000.00 3.000 AAA 3.000 328 09/25/2009 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 1,941,880.00 2,000,000.00 4.150 AAA 4.150 1,781 09/17/2013 3133XSBP2 3679 Federal Home Loan Bank 10/02/2008 2,000,000.00 1,998,760.00 2,000,000.00 3.000 AAA 3.000 335 10/02/2009 3133XSA73 3684 Federal Home Loan Bank 09/29/2008 2,000,000.00 1,995,620.00 1,990,901.41 2.800 AAA 3.319 327 09/24/2009 3133XSDY1 3688 Federal Home Loan Bank 10/09/2008 2,000,000.00 2,010,620.00 2,013,680.69 3.560 AAA 2.521 241 06/30/2009 3133XQZM7 3689 Federal Home Loan Bank 10/16/2008 2,000,000.00 1,996,260.00 1,993,902.55 2.530 AAA 2.951 269 07/28/2009 3133XSGX0 3690 Federal Home Loan Bank 10/17/2008 2,000,000.00 1,995,000.00 1,990,905.81 1.900 AAA 2.951 159 04/09/2009 3133XSE87 3691 Federal Home Loan Bank 10/15/2008 2,000,000.00 2,002,500.00 2,000,000.00 4.050 AAA 4.052 986 07/15/2011 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,020,880.00 2,000,000.00 4.125 AAA 4.125 382 11/18/2009 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 2,008,240.00 2,000,000.00 5.250 AAA 5.250 1,153 12/29/2011 3128X6YJ9 3608 Federal Home Loan Mort Corp 01/09/2008 2,000,000.00 2,000,720.00 2,000,000.00 4.500 AAA 4.500 1,530 01/09/2013 3128X7CK8 3626 Federal Home Loan Mort Corp 03/24/2008 2,000,000.00 1,997,000.00 2,000,000.00 3.100 AAA 3.100 692 09/24/2010 Portfolio CITY AP Run Date:12/01/2008-12:24 PM(PRF_PM2)SyrnRept 6.42 Report Ver.5.00 City of 1103 Portfolio Management Page 3 Portfolio Details - Investments October 31, 2008 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 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,000,100.00 1,997,586.67 3.375 AAA 3.438 734 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,001,460.00 1,989,333.89 3.250 AAA 3.480 894 04/14/2011 3128X7SL9 3649 Federal Home Loan Mort Corp 05/15/2008 2,000,000.00 1,997,200.00 2,000,000.00 2.500 AAA 2.500 195 05/15/2009 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 1,990,880.00 2,000,000.00 3.250 AAA 3.250 937 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 1,958,180.00 1,977,763.16 3.700 AAA 4.002 1,483 11/23/2012 3128X7SW5 3657 Federal Home Loan Mort Corp 05/29/2008 2,000,000.00 1,997,480.00 1,986,028.78 3.800 AAA 4.013 1,305 05/29/2012 3128X7S39 3665 Federal Home Loan Mort Corp 07/28/2008 2,000,000.00 2,002,220.00 2,000,000.00 3,150 AAA 3.150 269 07/28/2009 3128X7W83 3668 Federal Home Loan Mort Corp 09/10/2008 2,000,000.00 2,001,520.00 2,000,000.00 3.125 AAA 3.125 313 09/10/2009 3137EAAT6 3682 Federal Home Loan Mort Corp 09/23/2008 2,000,000.00 2,027,500.00 2,023,978.29 5.000 AAA 2.996 222 06/11/2009 3128X7X74 3685 Federal Home Loan Mort Corp 10/01/2008 2,000,000.00 2,002,480.00 1,996,792.96 4.000 AAA 4.059 1,049 09/16/2011 3128X67H3 3687 Federal Home Loan Mort Corp 10/09/2008 2,000,000.00 1,983,100.00 1,995,215.26 3.250 AAA 3.431 494 03/10/2010 3134A3EM4 3692 Federal Home Loan Mort Corp 10/24/2008 1,375,000.00 1,390,468.75 1,389,583.19 5.750 AAA 2.851 134 03/15/2009 3128X67H3 3696 Federal Home Loan Mort Corp 10/27/2008 2,000,000.00 1,983,100.00 1,990,081.14 3.250 AAA 3.625 494 03/10/2010 3128X72Q6 3697 Federal Home Loan Mort Corp 10/27/2008 1,000,000.00 995,210.00 998,031.30 3.375 AAA 3.480 706 10/08/2010 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 1,995,620.00 2,000,000.00 4.600 AAA 4.600 1,504 12/14/2012 31398ANH1 3625 Fed.NafI Mort.Assoc. 03/17/2008 2,000,000.00 1,993,760.00 2,000,000.00 3.250 AAA 3.249 846 02/25/2011 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 1,993,760.00 1,997,762.50 3.050 AAA 3.128 543 04/28/2010 31398AQW5 3642 Fed.Nat'l Mort.Assoc. 05/08/2008 2,000,000.00 1,990,620.00 2,000,000.00 4.250 AAA 4.250 1,649 05/08/2013 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 1,974,380.00 1,998,202.22 4.000 AAA 4.022 1,640 04/29/2013 3136F9WQ2 3661 Fed.Nat'l Mort.Assoc. 07/02/2008 2,000,000.00 2,015,620.00 2,000,000.00 4.000 AAA 4.000 608 07/02/2010 3136F9E90 3669 Fed.Nat'l Mort.Assoc. 09/19/2008 2,000,000.00 2,003,760.00 2,000,000.00 4.000 AAA 4.000 1,052 09/19/2011 31359MU68 3681 Fed.Nat'l Mort.Assoc. 09/23/2008 2,000,000.00 2,038,760.00 2,037,625.59 5.375 AAA 2.938 287 08/15/2009 31398ATR3 3686 Fed.Nat'l Mort.Assoc. 10/06/2008 2,000,000.00 2,014,380.00 2,000,000.00 4.550 AAA 4.549 1,768 09/04/2013 31359MU68 3694 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,038,760.00 2,034,782.68 5.375 AAA 3.119 287 08/15/2009 31359MEY5 3695 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,059,380.00 2,059,239.38 6.625 AAA 3.150 318 09/15/2009 Subtotal and Average 114,369,879.49 120,376,000.00 120,504,678.75 120,483,238.02 3.737 808 Local Agency Investment Funds SYS982 982 Laif City 10/01/2007 15,663,250.62 15,663,250.62 15,663,250.62 2.709 NR 2.709 1 SYS2206 2206 LAIF-Redevelopment Agency 10/01/2007 29,999,952.49 29,999,952.49 29,999,952.49 2.709 NR 2.709 1 Subtotal and Average 50,695,225.64 45,663,203.11 45,663,203.11 45,663,203.11 2.709 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,053,760.00 2,000,437.50 4.875 AAA 4.834 287 08/15/2009 9128281-169 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,042,820.00 2,030,863.93 4.000 AAA 2.099 303 08/31/20D9 9128275N8 3683 US Treasury Notes 09/24/2008 2,000,000.00 2,071,880.00 2,061,539.42 6.000 AAA 2.032 287 08/15/2009 Portfolio CITY AP Run Date:12/01/2008-12:24 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Investments October 31, 2008 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 9,968,628.72 6,000,000.00 6,168,460.00 6,092,840.85 2.974 292 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,024,840.00 1,968,604.38 4.200 Aaa 5.023 774 12/15/2010 Subtotal and Average 1,968,027.74 2,000,000.00 2,024,840.00 1,968,604.38 5.023 774 Commercial Paper Disc.-Amortizing 02581RLE1 3673 American Express 09/15/2008 2,000,000.00 1,998,380.00 1,998,100.55 2.630 P-1 2.678 13 11/14/2008 02581RLU5 3674 American Express 09/16/2008 2,000,000.00 1,995,540.00 1,996,055.00 2.630 P-1 2.681 27 11/28/2008 36959HNP8 3672 General Electric Capital Corp 09/15/2008 2,000,000.00 1,984,300.00 1,987,734.45 2.660 P-1 2.723 83 01/23/2009 36959HN94 3675 General Electric Capital Corp 09/16/2008 2,000,000.00 1,987,000.00 1,990,225.00 2.550 P-1 2.607 69 01/09/2009 36959HPL5 3676 General Electric Capital Corp 09/16/2008 2,000,000.00 1,976,380.00 1,983,535.00 2.670 P-1 2.739 111 02/20/2009 36959HP68 3677 General Electric Capital Corp 09/16/2008 2,000,000.00 1,979,420.00 1,985,827.22 2.630 P-1 2.695 97 02/06/2009 Subtotal and Average 11,928,335.55 12,000,000.00 11,921,020.00 11,941,477.22 2.687 67 Federal Agency Disc.-Amortizing 313396T45 3659 Federal Home Loan Mort Corp 06/16/2008 2,000,000.00 1,999,200.00 1,993,571.11 2.630 AAA 2.740 44 12/15/2008 313589HQ9 3693 Fed.Nat'l Mort.Assoc. 10/24/2008 2,377,000.00 2,338,017.20 2,329,828.43 2.940 AAA 3.073 243 07/02/2009 Subtotal and Average 4,333,752.65 4,377,000.00 4,337,217.20 4,323,399.54 2.919 161 Treasury Discounts-Amortizing 9127951-161 3660 United States Treasury Bills 06/17/2008 2,000,000.00 1,999,940.00 1,998,533.33 2.200 AAA 2.282 12 11/13/2008 Subtotal and Average 1,996,700.00 2,000,000.00 1,999,940.00 1,998,533.33 2.282 12 Total and Average 195,260,549.78 192,415,203.11 192,619,359.06 192,471,296.45 3.383 531 Portfolio CITY AP Run Date:12/01/2008-12:24 PM(PRF_PM2)SymRept 6.42 City of 1-113 Portfolio Management Page 5 Portfolio Details - Cash October 31, 2008 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 144,622.08 144,622.08 0 Subtotal 144,622.08 144,622.08 Total Cash and Investments 195,260,549.78 192,415,203.11 192,763,981.14 192,616,918.63 3.383 531 Portfolio CITY AP Run Date:12/01/2008-1 2:24 PM(PRF_PM2)SymRept 6.42 ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of September 30, 2008 Summary of investments by type Market Value Market Value Par Value Investment Type as of 8/31/08 as of 9/30/08 $5,774,184 Local Agency Investment Fund (LAIF) $5,774,182 $5,774,184 $0 Federal Agency Issues $0 $0 $8,244,688 Investment Agreements $8,236,693 $8,244,688 $2,104,514 Money Market Funds $6,053,846 $2,104,514 $0 US Treasury Securities $0 $0 $16,123,386 $20,064,721 $16,123,386 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 8/31/08 as of 9/30/08 $2,503,134 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,502,851 $2,503,134 $2,155,169 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $3,267,991 $2,155,169 $1,649,613 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,613 $1,649,613 $519,598 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $693,273 $519,598 $2,043,048 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $3,373,785 $2,043,048 $2,696,912 Huntington Beach PFA- 2001 Series B (1993 Civic Center&Police Administration Bldg. Refinance) $2,696,813 $2,696,912 $1,252,394 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $2,017,239 $1,252,394 $310,428 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $175,586 $310,428 $1,448,836 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $2,140,290 $1,448,836 $759,172 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $759,169 $759,172 $619,664 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $619,563 $619,664 $165,418 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $168,548 $165,418 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $16,123,386 $20,064,721 $16,123,386 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2008 Ending Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (6-30-08) (9-30-08) ICMA Retirement Corporation (457 Plan) $25,559,353 $590,898 ($247,629) ($1,782,856) ($170) $24,119,596 ICMA Retirement Corporation (401 Plan) $910,854 $21,243 $0 ($55,993) $0 $876,104 Nationwide Retirement Solutions (457 Plan) $53,601,365 $892,229 ($1,054,836) ($3,052,008) ($200) $50,386,550 Total Deferred Compensation Plan Balances $80,071,572 $1,504,370 ($1,302,465) ($4,890,857) ($370) $75,382,250 ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information as of September 30, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (6-30-08) Transfers (change in value) Balance (9-30-08) CalPERS Retiree Medical Trust Account $8,730,245 $0 $0 ($860,490) $0 $7,869,755 ATTAC H M E N T #5 Treasurer's Deport - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM October Report ti. a Shari L. Freidenrich , CPA, CCMT, CPFA, CPFIM December 15, 2008 Treasurer's Report m Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Financial Information: September October Inc./(Dec.) End of Month City Portfolio $195.907 $192.471 ($3.436) End of Month Market Value $196.040 $192.619 ($3.421 ) Interest Earned for Month $0.564 $0.558 ($0.006) Earned Interest Yield Year to Date 4.06% 3.37% -0.69% Average Maturity ( in days) 499 531 32 YT® Average Daily Balance $219. 172 $195.261 ($23.911 ) Summary by Type: October % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $120.483 63% None 808 3.74% LAIF (State Pool) $45.663 24% $60 million 1 2.71 % U.S.Treasury Notes $6.093 3% None 292 2.97% Medium Term Notes $1 .969 1% 20% 774 5.02% Discount Comm. Paper $11 .941 6% 25% 67 2.69% Discount Federal Agy $4.323 2% None 151 2.92% Discount Treasury $1 .999 1 % None 12 2.28% Total $192.471 100% 531 3.38% CA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's October 2008: Investment Summary Report COUNCIL MEETING DATE: December 15, 2008 9 HA �A Vl��sNt4 �3k !STAT . ' Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Ap licable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable ION FOR gg A REWEWED - RETURNED f D Administrative Staff Deputy City Administrator (Initial) ( ) ( ) City Administrator (Initial) ( ) ( ) City Clerk ( ) EXF?LANATION FOR .REtU-"PN QFSITEIVI,i,.. N; For RCA Author: SLF C( l Council/Agency Meeting Held: Zl /3/'---�09? Deferred/Continued to: Approved. ❑ C n itionall Approved ❑ Denied C City�C erk' /Signatur Council Meeting Date: 11/3/2008 Department ID Number: CT09-02 CITY OF HUNTINGTON BEACH BEQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR Fw/" PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURE SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S SIIEPPTEMBER 2008 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 September 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for September 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: E-1: Engaging the Community — Increase community involvement by educating residents, C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. E REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 11/3/2008 DEPARTMENT ID NUMBER: CT09-02 Attachment(s): 1. Monthly Investment Report and Summary of Investments for September 2008 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. September 2008 PowerPoint Presentation -2- 10/13/2008 7M AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for September 2008 City Investment Portfolio: August September Inc./(Dec.) End of month City Portfolio Balance $196,848,007 $195,906,767 ($941,240) End of Month Market Value $197,194,495 $196,040,382 ($1,154,113) End of month General Fund Balance $24,905,660 $24,951,072 $45,412 Monthly Effective Rate of Return 3.48% 3.49% 0.01% Average Maturity( in days) 483 499 16 End of month bank cash balance $4,440,869 $3,638,192 ($802,677) Bond Proceeds Investments:* July August Inc./(Dec.) End of Month Bond Reserve Par Value $19,559,844 $20,064,721 $504,877 End of Month Bond Reserve Market Value $19,559,844 $20,064,721 $504,877 Deferred Compensation Investments:** June September Inc./(Dec.) Participant Balances $80,071,572 $75,382,250 ($4,689,322) Retiree Medical Trust:** March June Inc./(Dec.) Trust Balance $8,901,612 $8,730,245 ($171,367) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $505,167 $564,140 $58,973 Interest Earned Year to Date $6,062,004 $8,923,191 $2,861,187 Earned Interest Yield Year to Date 4.85% 4.06% -0.79% *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. September % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $106,028,939 54% None 873 3.87% Local Agency Inv. Fund (LAIF) $55,912,682 29% 60 million 1 2.78% Treasury Securities-Coupon $10,102,806 5% None 207 3.71% Medium Term Notes $3,967,371 2% 20% 399 5.06% Commercial Paper Disc. -Amortizing $11,914,318 6% 25% 98 2.69% Federal Agency Disc. -Amortizing $5,985,907 3% None 34 2.36% Treasury Discounts-Amortizing $1,994,744 1% None 43 2.28% $195,906,767 100% 499 3.44% (" %T I N61-0 O` H�OR ORA, 41 V y F City of Huntington Beach 9 City of 1•113 2000 Main St o Huntington Beach 9 1-< Portfolio Management �cF�6uNTY CP��e Portfolio Summary September 30, 2008 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 106,000,000.00 106,065,860.00 106,028,938.65 54.12 1,121 873 3.816 3.869 Local Agency Investment Funds 55,912,681.56 55,912,681.56 55,912,681.56 28.54 1 1 2.736 2.774 Treasury Securities-Coupon 10,000,000.00 10,171,720.00 10,102,806.22 5.16 630 207 3.658 3.709 Medium Term Notes 4,000,000.00 4,031,280.00 3,967,371.56 2.03 1,057 399 4.988 5.057 Commercial Paper Disc.-Amortizing 12,000,000.00 11,871,900.00 11,914,317.78 6.08 113 98 2.650 2.687 Federal Agency Disc.-Amortizing 6,000,000.00 5,988,800.00 5,985,906.67 3.06 180 34 2.328 2.360 Treasury Discounts-Amortizing 2,000,000.00 1,998,140.00 1,994,744.44 1.02 149 43 2.251 2.282 195,912,681.56 196,040,381.56 195,906,766.88 100.00% 675 499 3.391 3.438 Investments Cash and Accrued Interest Accrued Interest at Purchase 76,562.95 76,562.95 Subtotal 76,562.95 76,562.95 Total Cash and Investments 195,912,681.56 196,116,944.51 195,983,329.83 675 499 3.391 3.438 Total Earnings September 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 564,139.52 8,923,191.10 8,923,191.10 Current Budget 505,167.00 6,062,004.00 6,062,004.00 Last Year Actual 847,730.00 10,317,142.00 10,317,142.00 Average Daily Balance 196,403,906.46 219,171,949.01 Effective Rate of Return 3.49% 4.06% 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 November 5,2007. 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 Interactive Data Corporation. o - off A . FREIDEN CH,CPA,CITY TREASURER -Reporting period 09/01/2008-09130/2008 Portfolio CITY AP Run Date:10/20/2008-10:45 PM(PRF_PM1)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments September 30, 2008 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 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,025,000.00 1,998,710.11 5.050 AAA 5.150 250 06/08/2009 31331YQW3 3621 Federal Farm Credit Bank 02/04/2008 2,000,000.00 1,995,620.00 2,000,000.00 3.150 AAA 3.150 491 02/04/2010 31331YZS2 3629 Federal Farm Credit Bank 04/01/2008 2,000,000.00 1,981,260.00 2,000,000.00 4.000 AAA 4.000 1,643 04/01/2013 31331YB25 3631 Federal Farm Credit Bank 04/07/2008 2,000,000.00 1,980,000.00 2,000,000.00 2.625 AAA 2.625 371 10/07/2009 31331YF88 3637 Federal Farm Credit Bank 04/22/2008 2,000,000.00 1,978,120.00 1.993,983.00 4.125 AAA 4.199 1,664 04/22/2013 31331YXN5 3640 Federal Farm Credit Bank 04/22/2008 2,000,000.00 1,990,620.00 1,996,290.67 3.470 AAA 3.649 897 03/17/2011 31331GBC2 3670 Federal Farm Credit Bank 09/15/2008 2,000,000.00 1,989,380.00 2,000,000.00 3.300 AAA 3.300 714 09/15/2010 31331GBS7 3678 Federal Farm Credit Bank 09/17/2008 2,000,000.00 1,980,000.00 2,009,805.56 3.100 AAA 2.841 716 09/17/2010 31331GCHO 3680 Federal Farm Credit Bank 09/29/2008 2,000,000.00 1,988,120.00 2,000,000.00 3.750 AAA 3.750 1,093 09/29/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,033,760.00 2,000,000.00 5.300 AAA 5.300 1,079 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,003,760.00 2,000,000.00 5.250 AAA 5.250 398 11/03/2009 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2,014,380.00 2,000,000.00 5.300 AAA 5.300 1,045 08112/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,036,260.00 2,000,000.00 5.550 AAA 5.550 1,350 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,032,500.00 1,997,868.06 5.350 AAA 5.419 622 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,080,620.00 2,000,000.00 5.600 AAA 5.600 1,388 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,019,380.00 2,000,000.00 4.500 AAA 4.500 1,538 12/17/2012 3133XNVQ9 3605 Federal Home Loan Bank 01/07/2008 2,000,000.00 2,000,620.00 2,000,000.00 4.375 AAA 4.375 736 10/07/2010 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,000,620.00 2,000,000.00 4.200 AAA 4.200 1,567 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 1,996,880.00 2,000,000.00 4.150 AAA 4.150 1,581 01/29/2013 3133XPB29 3622 Federal Home Loan Bank 02/13/2008 2,000,000.00 1,959,380.00 1,987,773.33 3.850 AAA 4.006 1,596 02/13/2013 3133XGEQ3 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 2,034,380.00 2,042,467.88 5.250 AAA 2.672 308 08/05/2009 3133XQSZ6 3647 Federal Home Loan Bank 04/2512008 2,000,000.00 1,998,760.00 2,000,000.00 2.200 AAA 2.200 23 10/24/2008 3133XR7F1 3648 Federal Home Loan Bank 05/12/2008 2,000,000.00 1,988,120.00 2,000,000.00 2.450 AAA 2.451 315 08/12/2009 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 1,988,760.00 1,998,694.20 2.500 AAA 2.579 316 08/13/2009 3133XRND8 3662 Federal Home Loan Bank 06/30/2008 2,000,000.00 2,000,000.00 2,000,000.00 3.300 AAA 3.300 272 06/30/2009 3133XS3F3 3666 Federal Home Loan Bank 08/27/2008 2,000,000.00 2,000,620.00 2,000,000.00 3.450 AAA 3.450 695 08/27/2010 3133XS5M6 3667 Federal Home Loan Bank 09/25/2008 2,000,000.00 1,996,880.00 2,000,000.00 3.000 AAA 3.000 359 09/25/2009 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 1,954,380.00 2,000,000.00 4.150 AAA 4.150 1,812 09/17/2013 3133XSA73 3684 Federal Home Loan Bank 09/29/2008 2,000,000.00 1,991,260.00 1,990,056.34 2.800 AAA 3.319 358 09/24/2009 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,019,700.00 2,000,000.00 4.125 AAA 4.125 413 11/18/2009 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 2,000,660.00 1,998,794.44 5.250 AAA 5.273 1,100 10106/2011 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 2,010,820.00 2,000,000.00 5.250 AAA 5.250 1,184 12/29/2011 3128X6YJ9 3608 Federal Home Loan Mort Corp 01/09/2008 2,000,000.00 2,007,120.00 2,000,000.00 4.500 AAA 4.500 1,561 01/09/2013 3128X7CK8 3626 Federal Home Loan Mort Corp 03/24/2008 2,000,000.00 1,992,560.00 2,000,000.00 3.100 AAA 3.100 723 09/24/2010 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,001,200.00 1,997,486.67 3.375 AAA 3.438 765 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 1,993,460.00 1,988,971.51 3.250 AAA 3.480 925 04/14/2011 Portfolio CITY AP Run Date:10/20/2008-10:45 PM(PRF_PM2)SymRept 6.42 Report Ver.5.00 City of H1 Portfolio Management Page 3 Portfolio Details - Investments September 30, 2008 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 3128X7SL9 3649 Federal Home Loan Mort Corp 05/15/2008 2,000,000.00 1,988,920.00 2,000,000.00 2.500 AAA 2.500 226 05/15/2009 3128X7SK1 3650 Federal Home Loan Mort Corp 06/27/2008 2,000,000.00 1,984,920.00 2,000,000.00 3.250 AAA 3.250 968 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 1,975.140.00 1,977,306.86 3.700 AAA 4.002 1,514 11/23/2012 3128X7SW5 3657 Federal Home Loan Mort Corp 05/29/2008 2,000,000.00 1,989,340.00 1,985,703.36 3.800 AAA 4.013 1,336 05/29/2012 3128X7S39 3665 Federal Home Loan Mort Corp 07/28/2008 2,000,000.00 1,995,600.00 2,000,000.00 3.150 AAA 3.150 300 07/28/2009 3128X7W83 3668 Federal Home Loan Mort Corp 09/10/2008 2,000,000.00 1,997,540.00 2,000,000.00 3.125 AAA 3.125 344 09/10/2009 3137EAAT6 3682 Federal Home Loan Mort Corp 09/23/2008 2,000,000.00 2,023,760.00 2,027,248.06 5.000 AAA 2.996 253 06/11/2009 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 10/27/2006 2,000,000.00 2,003,760.00 2,000,000.00 5.375 AAA 5.375 1,121 10/27/2011 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,006,880.00 2,000,000.00 4.600 AAA 4.600 1,535 12/14/2012 31359MZH9 3592 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,001,260.00 2,000,372.09 4.500 AAA 4.003 14 10/15/2008 31398ANH1 3625 Fed.Nat'l Mort.Assoc. 03/17/2008 2,000,000.00 1,988,760.00 2,000,000.00 3.250 AAA 3.249 877 02/25/2011 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 1,993,760.00 1,997,637.50 3.050 AAA 3.128 574 04/28/2010 31398AQW5 3642 Fed.Nat'l Mort.Assoc. 05/08/2008 2,000,000.00 2,001,260.00 2,000,000.00 4.250 AAA 4.250 1,680 05/08/2013 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 1,992,500.00 1,998,168.89 4.000 AAA 4.022 1,671 04/29/2013 3136F9WQ2 3661 Fed.Nat'l Mort.Assoc. 07/02/2008 2,000,000.00 2,015,000.00 2,000,000.00 4.000 AAA 4.000 639 07/02/2010 3136F9E90 3669 Fed.Nat'l Mort.Assoc. 09/19/2008 2,000,000.00 2,004,380.00 2,000,000.00 4.000 AAA 4.000 1,083 09/19/2011 31359MU68 3681 Fed.Nat'l Mort.Assoc. 09/23/2008 2,000,000.00 2,038,120.00 2,041,600.12 5.375 AAA 2.938 318 08/15/2009 Subtotal and Average 103,528,153.89 106,000,000.00 106,065,860.00 106,028,938.65 3.869 873 Local Agency Investment Funds SYS982 982 Laif City 25,915,310.00 25,915,310.00 25,915,310.00 2.774 NR 2.774 1 SYS2206 2206 LAIF-Redevelopment Agency 29,997,371.56 29,997,371.56 29,997,371.56 2.774 NR 2.774 1 Subtotal and Average 55,762,681.56 55,912,681.56 55,912,681.56 55,912,681.56 2.774 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,051,100.00 2,000,484.76 4.875 AAA 4.834 318 08/15/2009 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 2,006,560.00 2,000,113.29 4.875 AAA 4.795 30 10/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 2,006,560.00 2,000,000.00 4.875 AAA 4.867 30 10/31/2008 912828HB9 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,037,660.00 2,034,021.63 4.000 AAA 2.099 334 08/31/2009 9128275N8 3683 US Treasury Notes 09/24/2008 2,000,000.00 2,069,840.00 2,068,186.54 6.000 AAA 2.032 318 08/15/2009 Subtotal and Average 12,386,238.47 10,000,000.00 10,171,720.00 10,102,806.22 3.709 207 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,031,280.00 1,967,371.56 4.200 Aaa 5.023 805 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 2,000,000.00 2,000,000.00 4.400 Aaa 5.090 0 10/01/2008 Portfolio CITY AP Run Date:10/20/2008-10:45 PM(PRF_PM2)SymRept 6.42 Cosy of BBB Portfolio Management Page 4 Portfolio Details - Investments September 30, 2008 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 3,966,250.05 4,000,000.00 4,031,280.00 3,967,371.56 6.057 399 Commercial Paper Disc.-Amortizing 02581RLE1 3673 American Express 09/15/2008 2,000,000.00 1,990,580.00 1,993,571.11 2.630 P-1 2.678 44 11/14/2008 02581RLU5 3674 American Express 09/16/2008 2,000,000.00 1,987,660.00 1,991,525.56 2.630 P-1 2.681 58 11/28/2008 36959HNP8 3672 General Electric Capital Corp 69/15/2008 2,000,000.00 1,975,240.00 1,983,153.33 2.660 P-1 2.723 114 01/23/2009 36959HN94 3675 General Electric Capital Corp 09/16/2008 2,000,000.00 1,978,280.00 1,985,833.33 2.550 P-1 2.607 100 01/09/2009 36959HPL5 3676 General Electric Capital Corp 09/16/2008 2,000,000.00 1,968,520.00 1,978,936.67 2.670 P-1 2.739 142 02/20/2009 36959HP68 3677 General Electric Capital Corp 09/16/2008 2,000,000.00 1,971,620.00 1,981,297.78 2.630 P-1 2.695 128 02/06/2009 Subtotal and Average 6,219,832.00 12,000,000.00 11,871,900.00 11,914,317.78 2.687 98 Federal Agency Disc.-Amortizing 3133961<69 3633 Federal Home Loan Mort Corp 04/18/2008 2,000,000.00 1,999,600.00 1,998,490.56 2.090 AAA 2.171 13 10/14/2008 313396T45 3659 Federal Home Loan Mort Corp 06/16/2008 2,000,000.00 1,989,600.00 1,989,041.67 2.630 AAA 2.740 75 12/15/2008 313588K79 3632 Fed.NaVI Mort.Assoc. 04/18/2008 2,000,000.00 1,999,600.00 1,998,374.44 AAA 2.171 14 10/15/2008 Subtotal and Average 9,615,524.24 6,000,000.00 5,988,800.00 5,985,906.67 2.360 34 Treasury Discounts-Amortizing 9127951-161 3660 United States Treasury Bills 06/17/2008 2,000,000.00 1,998,140.00 1,994,744.44 2.200 AAA 2.282 43 11/13/2008 Subtotal and Average 4,925,226.26 2,000,000.00 1,998,140.00 1,994,744.44 2.282 43 Total and Average 196,403,906.46 195,912,681.56 196,040,381.56 195,906,766.88 3.438 499 Portfolio CITY AP Run Date:10/20/2008-10:45 PM(PRF_PM2)SymRept 6.42 Cott' of @iB Portfolio Management Page 5 Portfolio Details - Cash September 30, 2008 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 76,562.95 76,562.95 0 Subtotal 76,562.95 76,562.95 Total Cash and Investments 196,403,906.46 195,912,681.56 196,116,944.51 195,983,329.83 3.438 499 Portfolio CITY AP Run Date:10/20/2008-10:45 PM(PRF_PM2)SymRept 6.42 ((-- NT I N 6T�y O` \N(,OftP OflArEO F9 City of Huntington Beach t, = C4 of H13 2000 Main St Huntington Beach q = _ Limits Report based on Par Value g 2G FEB. 190,P� O� September 30, 2008 F�UUNTV CP Grouped by Issuer- Sorted by Investment Number Maturity Current Par Available Issuer Investment# Security# Date Dealer Safekeeper Par Limit Value Investment American Express 3673 02581RLE1 11/14/2008 UBSINC UNIONB 2,000,000.00 3674 02581RLU5 11/28/2008 UBSINC UNIONB 2,000,000.00 Totals for American Express 4,000,000.00 Berkshire Hathaway Fin 3475 084664AFB 1 2/1 512 0 1 0 SMITHB UNIONB 2,000,000.00 Totals for Berkshire Hathaway Fin 2,000,000.00 Federal Farm Credit Bank 3537 31331XC67 06/08/2009 SMITHB UNIONB 2,000,000.00 3621 31331YQW3 02/04/2010 UBSINC UNIONB 2,000,000.00 3629 31331YZS2 04/01/2013 SMITHB UNIONB 2,000,000.00 3631 31331YB25 10/07/2009 UBSINC UNIONB 2,000,000.00 3637 31331YF88 04/22/2013 SMITHB UNIONB 2,000,000.00 3640 31331YXN5 03/17/2011 SMITHB UNIONB 2,000,000.00 3670 31331GBC2 09/15/2010 UBSINC UNIONB 2,000,000.00 3678 31331GBS7 09/17/2010 SMITHB UNIONB 2,000,000.00 3680 31331GCH0 09/29/2011 UBSINC UNIONB 2,000,000.00 Totals for Federal Farm Credit Bank 18,000,000.00 Federal Home Loan Bank 3424 3133XGYQ1 09/15/2011 DEAN W UNIONB 2,000,000.00 3437 3133XHNL2 11/03/2009 SMITHB UNIONB 2,000,000.00 3487 3133XJV88 08/12/2011 DEAN W UNIONB 2,000,000.00 3538 3133XLC50 06/12/2012 UBSINC UNIONB 2,000,000.00 3540 3133XLA86 06/16/2010 UBSINC UNIONB 2,000,000.00 3546 3133XLQ22 07/20/2012 SMITHB UNIONB 2,000,000.00 3588 3133XNPTO 12/17/2012 SMITHB UNIONB 2,000,000.00 3605 3133XNVQ9 10/07/2010 UBSINC UNIONB 2,000,000.00 3607 3133XNX46 01/15/2013 SMITHB UNIONB 2,000,000.00 3610 3133XNZC6 01/29/2013 DEAN W UNIONB 2,000,000.00 Portfolio CITY AP Run Date:10/20/2008-10:48 U(PRF_U)SyrnRept 6.42 Report Ver.5.00 City of HB Limits Report based on Par Value Page 2 Grouped by Issuer-Sorted by Investment Number Maturity Current Par Available Issuer Investment# Security# Date Dealer Safekeeper Par Limit Value Investment Federal Home Loan Bank 3622 3133XPB29 02/13/2013 SMITHB UNIONB 2,000,000.00 3641 3133XGEQ3 08/05/2009 UBSINC UNIONB 2,000,000.00 3647 3133XQSZ6 10/24/2008 SMITHB UNIONB 2,000,000.00 3648 3133XR7F1 08/12/2009 UBSINC UNIONB 2,000,000.00 3653 3133XR6M7 08/13/2009 UBSINC UNIONB 2,000,000.00 3662 3133XRND8 06/30/2009 UBSINC UNIONB 2,000,000.00 3666 3133XS3F3 08/27/2010 UBSINC UNIONB 2,000,000.00 3667 3133XS5M6 09/25/2009 SMITHB UNIONB 2,000,000.00 3671 3133XS7E2 09/17/2013 DEAN W UNIONB 2,000,000.00 3684 3133XSA73 09/24/2009 SMITHB UNIONB 2,000,000.00 Totals for Federal Home Loan Bank 40,000,000.00 Federal Home Loan Mort Corp 3266 3128X3K85 11/18/2009 DEAN W UNIONB 2,000,000.00 3429 3128X5LP1 10/06/2011 SMITHB UNIONB 2,000,000.00 3461 3128X5UM8 12/29/2011 DEAN W UNIONB 2,000,000.00 3608 3128X6YJ9 01/09/2013 UBSINC UNIONB 2,000,000.00 3626 3128X7CK8 09/24/2010 UBSINC UNIONB 2,000,000.00 3633 313396K69 10/14/2008 UBSINC UNIONB 2,000,000.00 3644 3128X7NF7 11/05/2010 UBSINC UNIONB 2,000,000.00 3646 3128X7JK1 04/14/2011 UBSINC UNIONB 2,000,000.00 3649 3128X7SL9 05/15/2009 SMITHB UNIONB 2,000,000.00 3650 3128X7SK1 05/27/2011 SMITHB UNIONB 2,000,000.00 3655 3128X7SV7 11/23/2012 SMITHB UNIONB 2,000,000.00 3657 3128X7SW5 05/29/2012 SMITHB UNIONB 2,000,000.00 3659 313396T45 12/15/2008 UBSINC UNIONB 2,000,000.00 3665 3128X7S39 07/28/2009 UBSINC UNIONB 2,000,000.00 3668 3128X7W83 09/10/2009 UBSINC UNIONB 2,000,000.00 3682 3137EAAT6 06/11/2009 UBSINC UNIONB 2,000,000.00 Totals for Federal Home Loan Mort Corp 32,000,000.00 Fed.Nat'l Mort Assoc. 3433 3136F74N4 10/27/2011 DEAN W UNIONB 2,000,000.00 3587 3136FSYW9 12/14/2012 UBSINC UNIONB 2,000,000.00 3592 31359MZH9 10/15/2008 UBSINC UNIONB 2,000,000.00 3625 31398ANH1 02/25/2011 UBSINC UNIONB 2,000,000.00 3632 313588K79 10/15/2008 UBSINC UNIONB 2,000,000.00 Portfolio CITY AP Run Date:10/20/2008-10:48 LI(PRF_LI)SyrnRept 6.42 Report Ver.5.00 City of HB Limits Report based on Par Value Page 3 Grouped by Issuer-Sorted by Investment Number Maturity Current Par Available Issuer Investment# Security# Date Dealer Safekeeper Par Limit Value Investment Fed.Nat'l Mort.Assoc. 3639 31398AQN5 04/28/2010 UBSINC UNIONB 2,000,000.00 3642 31398AQW5 05/08/2013 SMITHB UNIONB 2,000,000.00 3643 3136F9MN0 04/29/2013 DEAN W UNIONB 2,000,000.00 3661 3136F9WQ2 07/02/2010 DEAN W UNIONB 2,000,000.00 3669 3136F9E90 09/19/2011 UBSINC UNIONB 2,000,000.00 3681 31359MU68 08/15/2009 UBSINC UNIONB 2,000,000.00 Totals for Fed.Nat'l Mort.Assoc. 22,000,000.00 General Electric Capital Corp 3672 36959HNP8 01/23/2009 UBSINC UNIONB 2,000,000.00 3675 36959HN94 01/09/2009 UBSINC UNIONB 2,000,000.00 3676 36959HPL5 02/20/2009 UBSINC UNIONB 2,000,000.00 3677 36959HP68 02/06/2009 UBSINC UNIONB 2,000,000.00 Totals for General Electric Capital Corp 8,000,000.00 Laif City 982 SYS982 25,915,310.00 Totals for Laif City 25,915,310.00 LAIF-Redevelopment Agency 2206 SYS2206 29,997,371.56 Totals for LAIF-Redevelopment Agency 29,997,371.56 Toyota Motor Credit 3438 89233PUV6 10/01/2008 SMITHB UNIONB 2,000,000.00 Totals for Toyota Motor Credit 2,000,000.00 United States Treasury Bills 3660 9127951-161 11/13/2008 UBSINC UNIONB 2,000,000.00 Totals for United States Treasury Bills 2,000,000.00 US Treasury Notes Portfolio CITY AP Run Date:10/20/2008-10:48 LI(PRF_LI)SynnRept 6.42 Report Ver.5.00 City of HB Limits Report based on Par Value Page 4 Grouped by Issuer-Sorted by Investment Number Maturity Current Par Available Issuer Investment# Security# Date Dealer Safekeeper Par Limit Value Investment US Treasury Notes 3435 912828FP0 08/15/2009 SMITHB UNIONB 2,000,000.00 3473 912828FV7 10/31/2008 DEAN W UNIONB 2,000,000.00 3477 912828FV7 10/31/2008 DEAN W UNIONB 2,000,000.00 3635 9128281-1139 08/31/2009 UBSINC UNIONB 2,000,000.00 3683 9128275N8 08/15/2009 UBSINC UNIONB 2,000,000.00 Totals for US Treasury Notes 10,000,000.00 195,912,681.56 Portfolio CITY AP Run Date:10/20/2008-10:48 LI(PRF_LI)SyrnRept 6.42 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 9/30/2008 rry ng CO's Plus Z ii r v aescnption �4ccrued Interest r h m'cirt�zed o•,•t , Fai e• Acrur agu Int�:rest United States Treasury: Bills $ 2,748,219,791.56 $ 2,759,841,666.55 $ 2,767,018,000.00 NA Notes $ 2,258,285,767.76 $ 2,255,598,267.76 $ 2,248,814,000.00 $ 26,112,090.00 Federal Agency: SBA $ 572,070,399.37 $ 572,022,919.81 $ 570,248,361.76 $ 2,233,708.28 MBS-REMICs $ 1,091,952,732.35 $ 1,091,952,732.35 $ 1,089,818,475.56 $ 5,180,776.38 Debentures $ 3,595,105,028.93 $ 3,593,292,528.94 $ 3,591,323,594.50 $ 40,306,308.08 Debentures FR $ 6,636,029,298.77 $ 6,635,688,152.25 $ 6,620,898,790.00 $ 21,720,161.38 Discount Notes $ 2,476,810,808.34 $ 2,490,119,625.00 $ 2,492,166,200.00 NA FHLMC PC $ 18,232.47 $ 18,232.47 $ 18,625.00 $ 311.54 GNMA $ 151,673.74 $ 151,673.74 $ 172,254.92 $ 1,502.60 CDs and YCDs FIR $ 200,000,000.00 $ 200,000,000.00 $ 200,000,000.00 $ 979,602.39 Bank Notes $ 500,000,000.00 $ 500,000,000.00 $ 499,070,840.00 $ 3,324,000.00 CDs and YCDs $ 12,357,679,797.84 $ 12,355,036,714.52 $ 12,332,092,266.60 $ 54,269,147.90 Commercial Paper $ 9,248,489,805.55 $ 9,277,346,422.24 $ 9,266,132,009.15 NA Corporate: Bonds FIR $ 274,273,366.98 $ 274,273,366.98 $ 273,333,758.28 $ 884,641.07 Bonds $ 103,929,621.20 $ 103,916,249.81 $ 102,646,883.00 $ 880,021.74 Repurchase Agreemen $ - $ - $ - NA Reverse Repurchase $ (393,000,000.00) $ (393,000,000.00) $ (393,000,000.00) $ (93,345,977.43) Time Deposits $ 8,861,500,000.00 $ 8,861,500,000.00 $ 8,861,500,000.00 NA AB 55&GF Loans $ 13,789,886,641.08 $ 13,789,886,641.08 $ 13,789,886,641.08 NA TOTAL $ 64,321,402,965.94 $ 64,367,645,193.50 $ 64,312,140,699.85 $ 62,546,293.93 Fair Value Including Accrued Interest $ 64,374,686,993.78 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost(0.999137696). As an example: if an agency has an account balance of$20,000,000.00,then the agency would report it; participation in the LAIF valued at$19,982,753.92 or$20,000,000.00 x0.999137696. ATTACHMENT #2 -, Schedule of Bond Investments Held by Fiscal Agent as of August 31, 2008 Summary of investments by type Market Value Market Value Par Value Investment Type as of 7/31/08 as of 8/31/08 $5,774,182 Local Agency Investment Fund (LAIF) $5,758,016 $5,774,182 $0 Federal Agency Issues $0 $0 $8,236,693 Investment Agreements $8,236,557 $8,236,693 $6,053,846 Money Market Funds $5,565,271 $6,053,846 $0 US Treasury Securities $0 $0 $20,064,721 $19,559,844 $20,064,721 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 7/31/08 as of 8/31/08 $2,502,851 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,675,574 $2,502,851 $3,267,991 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,155,054 $3,267,991 $1,649,613 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $2,280,121 $1,649,613 $693,273 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $526,677 $693,273 $3,373,785 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,096 $3,373,785 $2,696,813 Huntington Beach PFA- 2001 Series B(1993 Civic Center& Police Administration Bldg. Refinance) $4,877,629 $2,696,813 $2,017,239 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,283,101 $2,017,239 $175,586 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $175,586 $175,586 $2,140,290 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,440,391 $2,140,290 $759,169 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $1,315,554 $759,169 $619,563 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $619,462 $619,563 $168,548 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $167,599 $168,548 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $20,064,721 $19,559,844 $20,064,721 ATTAC H M E N T #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2008 Ending Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (6-30-08) (9-30-08) IGMA Retirement Corporation (457 Plan) $25,559,353 $590,898 ($247,629) ($1,782,856) ($170) $24,119,596 ICMA Retirement Corporation (401 Plan) $910,854 $21,243 $0 ($55,993) $0 $876,104 Nationwide Retirement Solutions (457 Plan) $53,601,365 $892,229 ($1,054,836) ($3,052,008) ($200) $50,386,550 Total Deferred Compensation Plan Balances $80,071,572 $1,504,370 ($1,302,465) ($4,890,857) ($370) $75,382,250 ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information as of June 30, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (3-31-08) Transfers (change in value) Balance (6-30-08) CalPERS Retiree Medical Trust Account $8,901,612 $0 $0 ($169,168) ($2,199) $8,730,245 ATTACHMENT #5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM TREASURER'S 4 1 Shari L. Freidenrich , CPA, CCMT, CPFA, CPFIM November 3, 2003 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Objectives • Safety • Liquidity • Yield Slide 2 Mv Me F ao It { .r - Treasurer's Report ® Shari L. Freidenrich, CPA, CC MT, CPFA, CPFI Investment Percentages y Type of Investment Disc. Treasury � ��, �� Federal Agencies Securities 1°/O06 foe Commercial t , Paper P ° � 6/O 7? �' cede A c e ` y r A Discount 3% e `treasury Sec. 5% Medium Term Notes LAII= 2% 29% Slide Treasurer's Report ® Shari L. Fre®denrich, CPA, CCITT, CPFA, CPFI Investment BaTrends Annualized Average Daily Portfolio Balance (in millions) $225 4 $200 $1 50 Ego a a $100 � �y k y e $75 $5® $25 _ t Sep-03 Sep-04 Sep-05 Sep-06 Sep-07 Sep-06 Slide 5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Second Objective - Liquidity Investment Maturities by Days, Ending September 2008 40% 34®/® 30% .5 30% 1 5 r. 19° /® . 20° 16% r. � A .. 14°/® Y . 0 11% 12 /° �r e� 6° 6°/®7°/®7°/® 7®/ 13 - Y MA 0 /° 2007 2008 Slide 6 Treasurer's Deport s Shari L. Fre®denroch, CPA, CC MT, CPFA, CPF/M All Funds - and G Fund Estimated Net Cash Flow and Maturing Investments ® Next 6 Months 35,0009000 $2590009000 1798199000 15,000,000 19727 000 5,000,000 w ( 590009000) Mr � n � 4 335 000 L-1 7 927 000 ( 297199000) ( 1590009000) ( 3,3209000) ( 2590009000) r.: , . - -m ;., µ Oct-08 N®v®08 Dec-08 Jan-09 Feb-09 Mar-09 Slide 7 Treasurer's Report ® Shari La Pre®denr®ch, CPA, CCMT, CPA, CPPI Third ObYield Annual Interest Earnings on Portfolio Wo $109009000 . $2,861 ,000 $6909000 =b ver Budget 7 $690009000 k $ 90009000 4a $ ,0009000 Sep-03 Sep®04 Sep-05 Sep-06 Sep-07 Sep®06 Slide 8 Treasurer's Report - Shari La Freidenr®ch, CPA, CC T, CPFA, CPFI Investment Yle jI, le J.Vi - 6.00% 6.00% 4.74% 4.35®/0 4.00®/0 4.06% 3.91®/0 4.00% r 4.00% 3.25% 2.97 /0 3.00% k.n , 3.00% 2.44®/0 � `. 3.00% Tz 2.00% "s 2.00% Zo s s 1 .00 /o � u �� a 1 .00% 0.00% y 0.00% Sep-03 Sep-04 Sep-05 Sep-06 Sep-07 Sep-08 Slide 9 I d i I it112, :C _W ,I I ¢e m ® a o a • � as .� ,�, �; I; j _ '�. . • �;"`_ �:�`ten. z� ,,,• � Tow r • � m- ram.. Treasurer's Report - Shari L. Freielenrich, CPA, CCMT, CPFA, CPFIIVI bummar Y/ • Recommendation to City Council Slide 11 RC ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's September 2008 Investment Summary Report COUNCIL MEETING DATE: November 3, 2008 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc_ Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXPLANATION FOR vMi flSSINIG ATTACHMENTS REVIEWED RETURNED FORiN DED Administrative Staff ( ) Deputy City Administrator (Initial) City Administrator (Initial) ( ) ( ) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: RCA Author: SLF Council/Agency Meeting Held: Deferred/Continued to: Appr vet ❑ Conditionally Approved ❑ DeniedSZy le s nature Council Meeting Date: 10/20/2008 Department I umber: CT09-01 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURPP " PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURE, SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S AUGUST 2008 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 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for August 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 10/20/2008 DEPARTMENT ID NUMBER: CT09-01 Attachoment(s): 1. Monthly Investment Report and Summary of Investments for August 2008 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. 1 August 2008 PowerPoint Presentation -2- 10/8/2008 2:46 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for August 2008 City Investment Portfolio: July August Inc./(Dec.) End of month City Portfolio Balance $215,745,253 $196,848,007 ($18,897,246) End of month General Fund Balance $34,726,171 $24,905,660 ($9,820,511) Monthly Effective Rate of Return 3.48% 3.48% 0.00% Average Maturity ( in days) 509 483 (26) End of Month Market Value $216,201,106 $197,194,495 ($19,006,611) End of month bank cash balance $3,651,874 $4,440,869 $788,995 Bond Proceeds Investments:* June July Inc./(Dec.) End of Month Bond Reserve Par Value $16,048,692 $19,559,844 $3,511,152 End of Month Bond Reserve Market Value $16,048,692 $19,559,844 $3,511,152 Deferred Compensation Investments:** March June Inc./(Dec.) Participant Balances $79,647,711 $80,071,572 $423,861 Retiree Medical Trust:** March June Inc./(Dec.) Trust Balance $8,901,612 $8,730,245 ($171,367) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $505,167 $604,116 $98,949 Interest Earned Year to Date $5,556,837 $8,360,152 $2,803,315 Earned Interest Yield Year to Date 4.85% 4.11% -0.74% "Bond Proceeds Statements are issued monthly and may lag by more than one month. —Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. August % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $104,538,414 53% None 869 4.03% Local Agency Inv. Fund (LAIF) $54,612,682 28% 60 million 1 2.78% Treasury Securities-Coupon $12,039,273 6% None 149 4.15% Medium Term Notes $3,965,051 2% 20% 429 5.06% Commercial Paper Disc. -Amortizing $1,999,738 1% 25% 2 2.40% Federal Agency Disc. -Amortizing $11,706,271 6% None 42 2.25% Treasury Discounts-Amortizing $7,986,578 4% None 29 2.00% $196,848,007 100% 483 3.51% ll %T I Ngtpy O` aIORPRRATEO y �F City of Huntington Beach 9s City of 1"I13 2000 Main St 9 Q= Portfolio Management Huntington Beach 2cF�puNTv cP` Portfolio Summary August 31, 2008 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 104,570,000.00 104,734,715.80 104,538,413.72 53.11 1,146 869 3.975 4.030 Local Agency Investment Funds 54,612,681.56 54,612,681.56 54,612,681.56 27.74 1 1 2.745 2.783 Treasury Securities-Coupon 12,000,000.00 12,115,180.00 12,039,273.08 6.12 639 149 4.090 4.147 Medium Term Notes 4,000,000.00 4,036,700.00 3.965.051.20 2.01 1,057 429 4.988 5.057 Commercial Paper Disc.-Amortizing 2,000,000.00 1,999,880.00 1,999,737.78 1.02 65 2 2.370 2.403 Federal Agency Disc.-Amortizing 11,738,000.00 11,705,557.20 11,706,271.33 5.95 163 42 2.223 2.254 Treasury Discounts-Amortizing 8,000,000.00 7,989,780.00 7,986,578.34 4.06 126 29 1.973 2.000 196,920,681.56 197,194,494.56 196,848,007.01 100.00% 684 483 3.459 3.507 Investments Cash and Accrued Interest Accrued Interest at Purchase 48,059.59 48,059.59 Subtotal 48,059.59 48,059.59 Total Cash and Investments 196,920,681.56 197,242,554.15 196,896,066.60 684 483 3.459 3.507 Total Earnings August 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 604,116.19 8,360,151.66 Current Budget 505,167.00 5,556,837.00 6,062,004.00 Last Year Actual 899,449.00 9,469,412.00 10,317,142.00 Average Daily Balance 204,646,757.05 221,204,809.96 Effective Rate of Return 3.48% 4.11% 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 November 5,2007. 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 Interactive Data Corporation. 3 og HARI . FREIDEN ICH,CPA,CITY TREASURER Reporting period 08/01/2008-08/31/2008 Portfolio CITY AP Run Date:09/08/2008-17:08 PM(PRF_PM1)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments August 31, 2008 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 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,031,260.00 1,998,553.44 5.050 AAA 5.150 280 06/08/2009 31331YRF9 3620 Federal Farm Credit Bank 02/05/2008 2,000,000.00 2,000,000.00 2,000,000.00 3.500 AAA 3.500 703 08/05/2010 31331YQW3 3621 Federal Farm Credit Bank 02/04/2008 2,000,000.00 2,000,000.00 2,000,000.00 3.150 AAA 3.150 521 02/04/2010 31331YZS2 3629 Federal Farm Credit Bank 04/01/2008 2,000,000.00 1,985,000.00 2,000,000.00 4.000 AAA 4.000 1,673 04/01/2013 31331YB25 3631 Federal Farm Credit Bank 04/07/2008 2,000,000.00 1,981,260.00 2,000,000.00 2.625 AAA 2.625 401 10/07/2009 31331YF88 3637 Federal Farm Credit Bank 04/22/2008 2,000,000.00 1,981,880.00 1,993,873.00 4.125 AAA 4.199 1,694 04/22/2013 31331YXN5 3640 Federal Farm Credit Bank 04/22/2008 2,000,000.00 1,991,880.00 1,996,165.07 3.470 AAA 3.549 927 03/17/2011 3133XGWPS 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 2,002,500.00 2,000,000.00 5.430 AAA 5.430 1,116 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,036,880.00 2,000,000.00 5.300 AAA 5.300 1,109 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,007,500.00 2,000,000.00 5.250 AAA 5.250 428 11/03/2009 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2,018,120.00 2,000,000.00 5.300 AAA 5.300 1,075 08/12/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,038,120.00 2,000,000.00 5.550 AAA 5.550 1,380 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,037,500.00 1,997,763.89 5.350 AAA 5.419 652 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,083,120.00 2,000,000.00 5.600 AAA 5.600 1,418 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,021,260.00 2,000,000.00 4.500 AAA 4.500 1,568 12/17/2012 3133XNQT9 3589 Federal Home Loan Bank 12/26/2007 2,000,000.00 2,001,880.00 2,000,000.00 4.550 AAA 4.550 1,120 09/26/2011 3133XNR92 3590 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,001,260.00 2,000,000.00 4.375 AAA 4.375 746 09/17/2010 3133XNVQ9 3605 Federal Home Loan Bank 01/07/2008 2,000,000.00 2,003,120.00 2,000,000.00 4.375 AAA 4.375 766 10/07/2010 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,003,760.00 2,000,000.00 4.200 AAA 4.200 1,597 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,000,620.00 2,000,000.00 4.150 AAA 4.150 1,611 01/29/2013 3133XCSA2 3616 Federal Home Loan Bank 01/14/2008 2,000,000.00 2,000,620.00 2,000,446.47 4.250 AAA 3.498 11 09/12/2008 3133XPB29 3622 Federal Home Loan Bank 02/13/2008 2,000,000.00 1,965,000.00 1,987,540.00 3.850 AAA 4.006 1,626 02/13/2013 3133XGEQ3 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 21040,620.00 2,046,658.79 5.250 AAA 2.672 338 08/05/2009 3133XQSZ6 3647 Federal Home Loan Bank 04/25/2008 2,000,000.00 1,998,120.00 2,000,000.00 2.200 AAA 2.200 53 10/24/2008 3133XR7F1 3648 Federal Home Loan Bank 05/12/2008 2,000,000.00 1,989,380.00 2,000,000.00 2.450 AAA 2.451 345 08/12/2009 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 1,990,000.00 1,998,568.64 2.500 AAA 2.579 346 08/13/2009 3133XGS96 3658 Federal Home Loan Bank 05/30/2008 570,000.00 570,535.80 574,022.71 5.625 AAA 5.424 1,472 09/12/2012 3133XRND8 3662 Federal Home Loan Bank 06/30/2008 2,000,000.00 2,001,880.00 2,000,000.00 3.300 AAA 3.300 302 06/30/2009 3133XS3F3 3666 Federal Home Loan Bank 08/27/2008 2,000,000.00 2,004,380.00 2,000,000.00 3.450 AAA 3.450 725 08/27/2010 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,023,520.00 2,000,000.00 4.125 AAA 4.125 443 11/18/2009 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 2,002,840.00 1,998,761.11 5.250 AAA 5.273 1,130 10/06/2011 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 2,013,000.00 2,000,000.00 5.250 AAA 5.250 1,214 12/29/2011 3128X4MQ1 3571 Federal Home Loan Mort Corp 10/15/2007 2,000,000.00 2,001,380.00 1,999,777.96 4.480 AAA 4.706 18 09/19/2008 3128X6WC6 3597 Federal Home Loan Mort Corp 12/24/2007 2,000,000.00 2,001,860.00 2,000,000.00 4.450 AAA 4.450 753 09/24/2010 3128X6YJ9 3608 Federal Home Loan Mort Corp 01/09/2008 2,000,000.00 2,004,280.00 2,000,000.00 4.500 AAA 4.500 1,591 01/09/2013 3134A4UD4 3615 Federal Home Loan Mort Corp 01/14/2008 2,000,000.00 21000,620.00 2,000,101.08 3.625 AAA 3.487 14 09/15/2008 Portfolio CITY AP Run Date:09/08/2008-17:08 PM(PRF_PM2)SymRept 6.42 Report Ver.5.00 City of FIB Portfolio Management Page 3 Portfolio Details - Investments August 31, 2008 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 3128X7CK8 3626 Federal Home Loan Mort Corp 03/24/2008 2,000,000.00 1,989,820.00 2,000,000.00 3.100 AAA 3.100 753 09/24/2010 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 1,998,980.00 1,997,386.67 3.375 AAA 3.438 795 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 1,987,340.00 1.988,609.13 3.250 AAA 3.480 955 04/14/2011 3128X7SL9 3649 Federal Home Loan Mort Corp 05/15/2008 2,000,000.00 1,991,460.00 2,000,000.00 2.500 AAA 2.500 256 05/15/2009 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 1,979,420.00 2,000,000.00 3.250 AAA 3.250 998 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 1,974,800.00 1,976,850.57 3,700 AAA 4.002 1,544 11/23/2012 3128X7SW5 3657 Federal Home Loan Mort Corp 05/29/2008 2,000,000.00 1,986,720.00 1,985,377.94 3.800 AAA 4.013 1,366 05/29/2012 3128X7S39 3665 Federal Home Loan Mort Corp 07/28/2008 2,000,000.00 1,998,060.00 2,000,000.00 3.150 AAA 3.150 330 07/28/2009 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 10/27/2006 2,000,000.00 2,006,260.00 2,000,000.00 5.375 AAA 5.375 1,151 10/27/2011 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,003,760.00 2,000,000.00 4.600 AAA 4.600 1,565 12/14/2012 31359MZH9 3592 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,003,760.00 2,001,169.44 4,500 AAA 4.003 44 10/15/2008 31359MX40 3614 Fed.Nat'l Mort.Assoc. 01/14/2008 2,000,000.00 2,001,880.00 2,001,139.75 5.000 AAA 3.497 14 09/15/2008 31398ANH1 3625 Fed.Nat'l Mort.Assoc. 03/17/2008 2,000,000.00 1,982,500.00 2,000,000.00 3.250 AAA 3.249 907 02/25/2011 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 1,994,380.00 1,997,512.50 3.050 AAA 3.128 604 04/28/2010 31398AQW5 3642 Fed.Nat'I Mort.Assoc. 05/08/2008 2,000,000.00 1,998,120.00 2,000,000.00 4.250 AAA 4.250 1,710 05/08/2013 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 1,988,120.00 1,998,135.56 4.000 AAA 4.022 1,701 04/29/2013 3136F9WQ2 3661 Fed.Nat'I Mort.Assoc. 07/02/2008 2,000,000.00 2,014,380.00 2,000,000.00 4.000 AAA 4.000 669 07/02/2010 Subtotal and Average 111,344,590.13 104,670,000.00 104,734,715.80 104,538,413.72 4.030 869 Local Agency Investment Funds SYS982 982 Laif City 24,615,310.00 24,615,310.00 24,615,310.00 2.779 NR 2.779 1 SYS2206 2206 LAIF-Redevelopment Agency 29,997,371.56 29,997,371.56 29,997,371.56 2.787 NR 2.787 1 Subtotal and Average 47,751,391.24 54,612,681.56 54,612,681.56 54,612,681.56 2.783 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,050,160.00 2,000,530.49 4.875 AAA 4.834 348 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 2,004,540.00 1,999,569.98 4.625 AAA 4.909 29 09/30/2008 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 2,010,160.00 2,000,226.59 4.875 AAA 4.795 60 10/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 2,010.160.00 2,000,000.00 4.875 AAA 4.867 60 10/31/2008 912828FT2 3596 US Treasury Notes 12/14/2007 2,000.000.00 2,004,540.00 2,001,868.56 4.625 AAA 3.414 29 09/30/2008 9128281169 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,035,620.00 2,037,077.46 4.000 AAA 2.099 364 08/31/2009 Subtotal and Average 15,786,383.53 12,000,000.00 12,115,180.00 12,039,273.08 4.147 149 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,034,020.00 1,966,138.75 4.200 Aaa 5.023 835 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 2,002,680.00 1,998,912.45 4.400 Aa1 5.090 30 10/01/2008 Portfolio CITY AP Run Date:09/08/2008-17:08 PM(PRF_PM2)SymRept 6.42 City of FIB Portfolio Management Page 4 Portfolio Details - Investments August 31, 2008 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 3,963,965.86 4,000,000.00 4,036,700.00 3,965,051.20 5.057 429 Commercial Paper Disc.-Amortizing 36959HJ32 3664 General Electric Capital Corp 06/30/2008 2,000,000.00 1,999,880.00 1,999,737.78 2.360 P-1 2.403 2 09/03/2008 Subtotal and Average 1,997,771.11 2,000,000.00 1,999,880.00 1,999,737.78 2.403 2 Federal Agency Disc.-Amortizing 313384F61 3634 Federal Home Loan Bank 04/18/2008 1,738,000.00 1,736,957.20 1,736,911.34 2.050 AAA 2.125 11 09/12/2008 313396K69 3633 Federal Home Loan Mort Corp 04/18/2008 2,000,000.00 1,994,400.00 1,995,007.22 2.090 AAA 2.171 43 10/14/2008 313396G49 3636 Federal Home Loan Mort Corp 04/21/2008 2,000,000.00 1,998,200.00 1,998,054.44 AAA 2.136 17 09/18/2008 313396T45 3659 Federal Home Loan Mort Corp 06/16/2008 2,000,000.00 1,984,800.00 1,984,658.33 2.630 AAA 2.740 105 12/15/2008 313588K79 3632 Fed.Nat'l Mort.Assoc. 04/18/2008 2,000,000.00 1,994,200.00 1,994,891.11 AAA 2.171 44 10/15/2008 313588H73 3651 Fed.Nat'l Mort.Assoc. 05/14/2008 2,000,000.00 1,997,000.00 1,996,748.89 2.090 AAA 2.166 28 09/29/2008 Subtotal and Average 15,822,518.52 11,738,000.00 11,705,557.20 11,706,271.33 2.254 42 Treasury Discounts-Amortizing 912795G62 3652 United States Treasury Bills 05/15/2008 2,000,000.00 1,998,560.00 1,998,271.67 1.830 AAA 1.893 17 09/18/2008 912795G62 3654 United States Treasury Bills 05/19/2008 2,000,000.00 1,998,560.00 1,998,262.22 1.840 AAA 1.903 17 09/18/2008 912795G54 3656 United States Treasury Bills 05/28/2008 2,000,000.00 1,999,240.00 1,998,966.67 1.860 AAA 1.923 10 09/11/2008 912795H61 3660 United States Treasury Bills 06/17/2008 2,000,000.00 1,993,420.00 1,991,077.78 2.200 AAA 2.282 73 11/13/2008 Subtotal and Average 7,980,136.67 8,000,000.00 7,989,780.00 7,986,678.34 2.000 29 Total and Average 204,646,757.05 196,920,681.56 197,194,494.56 196,848,007.01 3.507 483 Portfolio CITY AP Run Date:09/08/2008-17:08 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 5 Portfolio Details - Cash August 31, 2008 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 48,059,59 48,059.59 0 Subtotal 48,059.59 48,059.59 Total Cash and Investments 204,646,757.05 196,920,681.56 197,242,554.15 196,896,066.60 3.507 483 Portfolio CITY AP Run Date:09/08/2008-17:08 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 6 Activity By Type August 1, 2008 through August 31, 2008 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon . 3133XGN59 3413 Federal Home Loan Bank 5.700 08/29/2008 0.00 2,000,000.00 3133XNBWB 3579 Federal Home Loan Bank 4.625 08/26/2008 0.00 2,000,000.00 3133XNCK3 3585 Federal Home Loan Bank 4.600 08/26/2008 0.00 2,000,000.00 3133XM2H3 3601 Federal Home Loan Bank 4.885 08/20/2008 0.00 2,000,000.00 3133XOLJ6 3619 Federal Home Loan Bank 3.750 08/15/2008 0.00 2,000,000.00 3133XMSP7 3663 Federal Home Loan Bank 4.640 08/05/2008 0.00 1,522,958.56 3133XS3F3 3666 Federal Home Loan Bank 3.450 08/27/2008 2,000,000.00 0.00 3128X1 VYO 3613 Federal Home Loan Mort Corp 3.690 08/13/2008 0.00 2,900,000.00 Subtotal 2,000,000.00 14,422,958.56 104,538,413.72 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 2.779 22,500,000.00 15,000,000.00 Subtotal 22,500,000.00 15,000,000.00 64,612,681.56 Treasury Securities-Coupon 912828ECO 3593 US Treasury Notes 4.125 08/15/2008 0.00 2,000,000.00 912828FR6 3602 US Treasury Notes 4.875 08/31/2008 0.00 2,000,000.00 91281ODF2 3645 US Treasury Notes 12.000 08/15/2008 0.00 2,000,000.00 Subtotal 0.00 6,000,000.00 12,039,273.08 Medium Term Notes Subtotal 3,965,051.20 Commercial Paper Disc.-Amortizing Subtotal 1,999,737.78 Federal Agency Disc.-Amortizing 3133961383 3627 Federal Home Loan Mort Corp 08/29/2008 0.00 2,000,000.00 313396D42 3628 Federal Home Loan Mort Corp 1.710 08/25/2008 0.00 2,000,000.00 313396A94 3630 Federal Home Loan Mort Corp 2.040 08/06/2008 0.00 2,000,000.00 313588638 3600 Fed.NaVI Mort.Assoc. 3.900 08/08/2008 0.00 2,000,000.00 Subtotal 0.00 8,000,000.00 11,706,271.33 Treasury Discounts-Amortizing Subtotal 7,986,578.34 Portfolio CITY AP Run Date:09/08/2008-1 7:08 PM(PRF_PM3)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity By Type August 1, 2008 through August 31, 2008 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Total 24,500,000.00 43,422,958.56 196,848,007.01 Portfolio CITY AP Run Date:09/08/2008-17:08 PM(PRF_PM3)SymRept 6.42 City of IiB Portfolio Management Page 8 Activity Summary August 2007 through August 2008 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 2007 90 219,378,158.87 4.809 4.876 5.253 5 14 749 394 September 2007 87 210,473,705.74 4.807 4.874 5.231 8 11 747 389 October 2007 85 205,534,858.98 4.725 4.791 5.137 12 14 754 380 November 2007 77 202,206,117.59 4.690 4.755 4.962 9 17 698 371 December 2007 87 212,710,842.34 4.544 4.607 4.801 19 9 664 377 January 2008 91 233,636,809.52 4.409 4.470 4.620 15 11 667 407 February 2008 84 228,014,150.58 4.212 4.271 4.161 5 12 686 430 March 2008 81 219,765,603.57 4.027 4.083 3.777 5 8 695 439 April 2008 88 220,642,095.52 3.785 3.837 3.400 14 7 665 454 May 2008 94 238,678,019.73 3.657 3.708 3.072 15 9 696 504 June 2008 93 238,795,438.00 3.551 3.601 2.894 5 6 654 473 July 2008 87 228,997,955.43 3.569 3.619 2.787 2 8 701 509 August 2008 74 204,646,757.05 3.459 3.507 2.783 1 14 684 483 Average 86 220,251,260.06 4.173% 4.231% 4.068 9 11 697 432 Portfolio CITY AP Run Date:09/08/2008-17:08 PM(PRF_PM4)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type August 2007 through August 2008 August September October November December January February March April May June July August Average Security Type 2007 2007 2007 2007 2007 2008 2008 2008 2008 2008 2008 2008 2008 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 45.4 44.6 46.6 46.3 46.3 53.5 57.2 58.0 55.2 55.1 52.3 54.2 53.1 51.4% Local Agency Investment Funds 18.2 19.2 19.7 28.0 26.2 24.0 26.5 25.3 25.2 23.6 24.8 21.8 27.7 23.9% Treasury Securities-Coupon 6.6 6.7 6.9 4.9 7.0 6.8 8.0 8.4 8.6 9.2 9.1 8.4 6.1 7.4% Medium Term Notes 1.9 1.9 1.9 1.9 1.7 1.7 1.8 1.8 1.7 1.6 1.6 1.8 2.0 1.8% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 10.2 15.2 13.7 10.7 10.5 7.6 3.5 1.9 1.7 0.8 0.9 1.0 6.0% Federal Agency Disc.-Amortizing 7.5 5.7 8.3 7.3 8.3 6.4 3.1 4.6 7.6 8.1 8.1 9.1 6.0 6.9% Treasury Discounts-Amortizing 10.3 6.7 2.9 1.0 2.5 3.3 3.7 4.1 2.7% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:09/08/2008-1 7:0B PM(PRF_PM5)SymRepl 6.42 Report Ver.5.00 City of HB Portfolio (Management Page 10 Interest Earnings Summary August 31, 2008 August 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 627,591.66 5,605,702.77 Plus Accrued Interest at End of Period 1,408,060.96 1,408,060.96 Less Accrued Interest at Beginning of Period ( 1,567,199.42) ( 1,429,456.49) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 468,453.20 5,584,307.24 Adjusted by Premiums and Discounts 25,712.68 892,735.12 Adjusted by Capital Gains or Losses -2,958.56 -1,163.54 Earnings during Periods 491,207.32 6,475,878.82 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 0.00 2,134,844.87 Plus Accrued Interest at End of Period 233,531.07 233,531.07 Less Accrued Interest at Beginning of Period ( 120,622.20) ( 484,103.10) Interest Earned during Period 112,908.87 1,884,272.84 Total Interest Earned during Period 581,362.07 7,468,580.08 Total Adjustments from Premiums and Discounts 25,712.68 892,735.12 Total Capital Gains or Losses -2,958.56 -1,163.54 Total Earnings during Period 604,116.19 8,360,151.66 Portfolio CITY AP Run Date:09/08/2008-17:08 PM(PRF_PM6)SyrnRept 6.42 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 8/31/2008 A Carrng Cos#Plush40 t)escnp#ion .„n Accruetl Interest Purch Fair Value Accrued Interest United States Treasury: Bills $ 1,568,630,680.56 $ 1,580,792,000.00 NA Notes $ 1,849,660,767.76 $ 1,841,170,000.00 $ 16,093,074.00 Federal Agency: SBA $ 559,760,565.76 $ 557,919,513.10 $ 2,405,391.59 MBS-REMICs $ 1,098,525,973.12 $ 1,087,638,150.02 $ 5,212,459.41 Debentures $ 3,976,499,642.15 $ 3,983,219,313.75 $ 48,119,768.21 Debentures FR $ 6,562,084,871.94 $ 6,552,497,920.00 $ 19,637,946.69 Discount Notes $ 6,509,108,949.89 $ 6,545,827,000.00 NA FHLMC PC $ 27,964.31 $ 28,562.83 $ 473.98 GNMA $ 156,765.43 $ 176,878.25 $ 1,552.40 CDs and YCDs FR $ 200,000,000.00 $ 200,000,000.00 $ 497,830.72 Bank Notes $ 800,000,000.00 $ 800,037,980.00 $ 2,260,666.67 CDs and YCDs $ 10,756,239,066.39 $ 10,755,337,814.50 $ 45,151,737.86 Commercial Paper $ 9,007,966,706.89 $ 9,028,762,026.38 NA Corporate: Bonds FR $ 294,403,555.44 $ 294,055,740.14 $ 852,285.96 Bonds $ 118,961,756.58 $ 119,804,127.80 $ 1,309,442.57 Repurchase Agreements $ - NA Reverse Repurchase $ (491,050,000.00) $ (491,050,000.00) $ (81,968,777.78) Time Deposits $ 9,171,000,000.00 $ 9,171,000,000.00 NA AB 55 &GF Loans $ 12,738,252,118.58 $ 12,738,252,118.58 NA TOTAL $ 64,720,229,384.80 1 $ 64,765,469,145.35 1 $ 59,573,852.28 Fair Value Including Accrued Interest $ 64,825,042,997.63 Repurchase Agreements, Time Deposits,AB 55&General Fund loans,and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of July 31, 2008 Summary of investments by type Market Value Market Value Par Value Investment Type as of 6/30/08 as of 7/31/08 $5,758,016 Local Agency Investment Fund (LAIF) $5,810,401 $5,758,016 $0 Federal Agency Issues $0 $0 $8,236,557 Investment Agreements $8,236,496 $8,236,557 $5,565,271 Money Market Funds $2,001,795 $5,565,271 $0 US Treasury Securities $0 $0 $19,559,844 $16,048,692 $19,559,844 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 6/30/08 as of 7/31/08 $2,675,574 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,537,080 $2,675,574 $2,155,054 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,138,739 $2,155,054 $2,280,121 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,597 $2,280,121 $526,677 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $528,483 $526,677 $2,043,096 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,024 $2,043,096 $4,877,629 Huntington Beach PFA- 2001 Series B (1993 Civic Center&Police Administration Bldg. Refinance) $2,697,032 $4,877,629 $1,283,101 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,281,432 $1,283,101 $175,586 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,245 $175,586 $1,440,391 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,440,327 $1,440,391 $1,315,554 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $771,145 $1,315,554 $619,462 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $619,315 $619,462 $167,599 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $168,273 $167,599 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $19,559,844 $16,048,692 $19,559,844 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (3-31-08) Transfers (change in value) Balance (6-30-08) ICMA Retirement Corporation (457 Plan) $25,219,876 $630,796 ($304,341) $13,242 ($220) $25,559,353 ICNIA Retirement Corporation (401 Plan) $882,858 $24,876 $0 $3,120 $0 $910,854 Nationwide Retirement Solutions (457 Plan) $53,544,977 $901,010 ($973,689) $129,317 ($250) $53,601,365 Total Deferred Compensation Plan Balances $79,647,711 $1,556,682 ($1,278,030) $145,679 ($470) $80,071,572 ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information as of June 30, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (3-31-08) Transfers (change in value) Balance (6-30-08) CaIPERS Retiree Medical Trust Account $8,901,612 $0 $0 ($169,168) ($2,199) $8,730,245 ATTACHMENT #5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM August s Report m® 1 • s Shari L . Freidenrich , CPA, CCMT CPFA, CPFIM October 20, 2008 Treasurer's Deport - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Financial Information: July August Inc./(Dec.) End of Month City Portfolio $215.745 $196.848 ($18.897) End of Month Market Value $216.201 $197. 194 ($19.007) Interest Earned for Month $0.676 $0.604 ($0.072) Earned Interest Yield Year to Date 4. 16% 4. 11 % -0.05% Average Maturity ( in days) 509 483 (26) YTD Average Daily Balance $222.888 $221 .205 ($1 .683) Summary by Type: August % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $104.538 53% None 869 4.03% LAIF (State Pool) $54.613 28% $60 million 1 2.78% U.S.Treasury Notes $12.039 6% None 149 4. 15% Medium Term Notes $3.965 2% 20% 429 5.06% Discount Comm. Paper $2.000 1 % 25% 2 2.40% Discount Federal Agy $11 .706 6% None 42 2.25% Discount Treasury $7.987 4% None 29 2.00% Total $196.848 100% 483 3.51 % RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurers August 2008 Investment Summary Report COUNCIL. MEETING DATE: October 20, 2008 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached El Not Applicable Fiscal Impact Statement (Unbudgeted, over$5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached Not Applicable Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EKPLAHATIOH FOR WSSNG ATTACH�Ii C HYS REVIEWED RETURNED FORWA DED Administrative Staff ( ) ( ) Deputy City Administrator Initial City Administrator Initial City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: (Belo 0.ite FbrOnly) RCA Author: SLF Council/Agency Meeting Held: Deferred/Continued to: �lAppr ed ❑ Conditionally Approved ❑ Denied City 's S nature Council Meeting Date: 9/15/2008 Department D umber: CT08-17. CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA,:CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURE��( SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JULY 2008 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 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to.: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment.Report for July 2008, pursuant to Section 17.0 of the'Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. 1 REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 9/15/2008 DEPARTMENT ID NUMBER: CT08-17 Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for July 2008 2. Schedule of Bond Investments a 3. Deferred Compensation Plan Summary Information �n 4. Retiree Medical Trust Investments 5. July 2008 PowerPoint Presentation -2- 9/2/2008 2:50 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for July 2008 City Investment Portfolio: June July Inc./(Dec.) End of month City Portfolio Balance $242,271,108 $215,745,253 ($26,525,855) End of month General Fund Balance $54,402,106 $34,726,171 ($19,675,935) Monthly Effective Rate of Return 3.59% 3.48% -0.11%. Average Maturity( indays) 473 509 36 End of Month Market Value $242,809,029 $216,201,106 ($26,607,923) End of month bank cash balance $4,484,387 $3,651,874 ($832,61.3) Bond Proceeds Investments:* May June Inc./(Dec.) End of Month Bond Reserve Par Value $16,099,791 $16,048,692 ($51,099) End of Month Bond Reserve Market Value $16,099,721 $16,048,692 ($51,029) Deferred Compensation Investments:** March June Inc./(Dec.) Participant Balances $79,647,711 $80,071,572 $423,861 Retiree Medical Trust:** March June, Inc./(Dec.) Trust Balance $8,901,612 $8,730,245 ($171,367) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $505,167 $676,109 $170,942 Interest Earned Year to Date $5,051,670 $7,756,035 $2,704,365 Earned Interest Yield Year to Date 4.85% 4.16% -0.69% *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. July %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $116,968,708 54% None 858 4.08% Local Agency Inv. Fund (LAIF) $47,112,682 22% 60 million 1 2.79% Treasury Securities-Coupon $18,054,842 8% None 330 4.77% Medium Term Notes $3,962,731 2% 20% 460 5.06% Commercial Paper Disc. -Amortizing $1,995,673 1% 25% 33 2.40% Federal Agency Disc. -Amortizing $19,677,351' 9% None 50 2.32% Treasury Discounts-Amortizing $7,973,266 4% None 60 2.00% $215,745,253 100% ____ _ 509 3.62%, %TINGT�� p ------ ---- �F City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach 'yFCOUN .CP�\�pQ Portfolio Summary July 31, 2008 Investments Par Market Book %of Days to YTM YTM Value Value Value Portfolio Terre Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 116,990,000.00 117,257,236.70 116,968,708.10 54.22 1,111 858 4.021 4.076 Local Agency Investment Funds 47,112,681.56 47,112,681.56 47,112,681.56 21.84 1 1 2.749 2.787 Treasury Securities-Coupon 18,000,000.00 18,149,840.00 18,054,842.45 8.37 695 330 4.709 4.774 Medium Terre Notes 4,000,000.00 4,034,260.00 3,962,730.83 1.84 1,057 460 4.988 5.057 Commercial Paper Disc.-Amortizing 2,000,000.00 1,995,280.00 1,995,673.33 0.93 65 33 2.370 2.403 Federal Agency Disc.-Amortizing 19,738,000.00 19,673,707.40 19,677,351.07 9.12 165 50 2.287 2.319 Treasury Discounts-Amortizing 8,000,000.00 7,978,100.00 7,973,265.56 3.70 126 60 1.973 2.000 215,840,681.66 216,201,105.66 215,746,252.89 100.00% 701 509 3.569 3.619 Investments Cash and Accrued Interest Accrued Interest at Purchase 135,346.60 135,346.60 Subtotal 135,346.60 135,346.60 Total Cash and Investments 215,840,681.56 216,336,452.26 216,880,699.49 701 509 3.569 3.619 Total Earnings July 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 676,108.84 7,756,035.47 Current Budget 505,167.00 5,051,670.00 6,062,004.00 Last Year Actual 960,656.00 8,569,963.00 10,317,142.00 Average Daily Balance 228,997,955.43 222,887,759.59 Effective Rate of Return 3.48% 4.16% 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 November 5,2007. 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. Mark t Values prpvid@d 4Y U . Bank via Merrill Lynch and Interactive Data Corporation. g- 2 7- a� I L.FREIDENJICH,CPA,CITY TREASURER Reporting period 0710112008-07/31/2008 Portfolio CITY AP Run Date:08/112008-12:12 PM(PRF PM1)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments July 31, 2008 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 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,036,260.00 1,998,396.78 5.050 AAA 5.150 311 06/08/2009 31331YRF9 3620 Federal Fans Credit Bank 02/05/2008 2,000,000.00 2,000,620.00 2,000,000.00 3.500 AAA 3.500 734 08/05/2010 31331YQW3 3621 Federal Farm Credit Bank 02/04/2008 2,000,000.00 2,000,000.00 2,000,000.00 3.150 AAA 3.150 552 02/04/2010 31331YZS2 3629 Federal Farm Credit Bank 04/01/2008 2,000,000.00 1,979,380.00 2,000,000.00 4.000 AAA 4.000 1,704 04/01/2013 31331YB25 3631 Federal Farm Credit Bank 04/07/2008 2,000,000.00 1,981,880.00 2,000,000.00 2.625 AAA 2.625 432 10/07/2009 31331YF88 3637 Federal Farm Credit Bank 04/22/2006 2,000,000.00 1,976,260.00 1,993,763.00 4.125 AAA 4.199 1,725 04/22/2013 31331YXN5 3640 Federal Farm Credit Bank 04/22/2008 2,000,000.00 1,989,380.00 1,996.039.47 3.470 AAA 3.549 958 03/17/2011 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,003,760.00 2,000,000.00 5.700 AAA 5.700 1,119 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 2,006,880.00 2,000,000.00 5.430 AAA 5.430 1,147 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,039,380.00 2,000,000.00 5.300 AAA 5.300 1,140 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,014,380.00 2.000,000.00 5.250 AAA 5.250 459 11/03/2009 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2.023,760.00 2,000,000.00 5.300 AAA 5.300 1,106 08/12/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,043,120.00 2,000,000.00 5.550 AAA 5.550 1,411 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,042,500.00 1,997,659.72 5.350 AAA 5.419 683 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,083,120.00 2,000,000.00 5.600 AAA 5.600 1,449 07/20/2012 3133XNBWB 3579 Federal Home Loan Bank 11/26/2007 2,000,000.00 2,002,500.00 2,000,000.00 4.625 AAA 4.625 1,120 08/26/2011 3133XNCK3 3585 Federal Home Loan Bank 11/26/2007 2,000,000.00 2,002,500.00 2,000,000.00 4.600 AAA 4.600 1,120 08/26/2011 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,016,880.00 2,000,000.00 4.500 AAA 4.500 1,599 12/17/2012 3133XNQT9 3589 Federal Home Loan Bank 12/26/2007 2.000,000.00 2,005,000.00 2,000,000.00 4.550 AAA 4.550 1,151 09/26/2011 3133XNR92 3590 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,004,380.00 2.000.000.00 4.375 AAA 4.375 777 09/17/2010 3133XM2H3 3601 Federal Home Loan Bank 12/28/2007 2,000.000.00 2,002,500.00 2,000,750.17 4.885 AAA 4.149 19 08/20/2008 3133XNVQ9 3605 Federal Home Loan Bank 01/07/2008 2,000,000.00 2,006,260.00 2,000,000.00 4.375 AAA 4.375 797 10/07/2010 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 1,998,120.00 2,000,000.00 4.200 AAA 4.200 1,628 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 1,994,380.00 2,000,000.00 4.150 AAA 4.150 1,642 01/29/2013 3133XCSA2, 3616 Federal Home Loan Bank 01/14/2008 2,000.000.00 2,003,760.00 2,001,664.12 4.250 AAA 3.498 42 09/12/2008 3133XOLJ6 3619 Federal Home Loan Bank 01/14/2008 2,000,000.00 2,000,620.00 2,000,155.26 3.750 AAA 3.542 14 08/15/2008 3133XPB29 3622 Federal Home Loan Bank 02/13/2008 2,000,000.00 1,958.120.00 1,987,306.67 3.850 AAA 4.006 1,657 02/13/2013 3133XGE03 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 2,045,620.00 2,050,849.70 5.250 AAA 2.672 369 08/05/2009 3133XQSZ6 3647 Federal Home Loan Bank 04/25/2008 2,000,000.00 1,997,500.00 2,000,000.00 2.200 AAA 2.200 84 10/24/2008 3133XR7F7 3648 Federal Home Loan Bank 05/12/2008 2,000,000.00 1,990,000.00 2,000,000.00 2.450 AAA 2.451 376 08/12/2009 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 1,991,260.00 1,998,443.08 2.500 AAA 2.579 377 08/13/2009 3133XGS96 3658 Federal Home Loan Bank 05/30/2008 570,000.00 572,137.50 574,105.89 5.625 AAA 5.424 1,503 09/12/2012 3133XRNDB 3662 Federal Home Loan Bank 06/30/2008 2,000,000.00 2,004,380.00 2,000,000.00 3.300 AAA 3.300 333 06/30/2009 3133XMSP7 3663 Federal Home Loan Bank 06/25/2008 1,520,000.00 1,520,471.20 1,522,977.34 4.640 AAA 4.520 642 05/05/2010 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,028,640.00 2,000,000.00 4.125 AAA 4.125 474 11/18/2009 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 2,006,700.00 1,998,727.78 5.250 AAA 5.273 1,161 10/06/2011 Portfolio CITY AP Run Date:08/11/2008-12:12 PM(PRF_PM2)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details -Investments July 31, 2008 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 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000.000.00 2,019,100.00 2,000,000.00 5.250 AAA 5.250 1,245 12/29/2011 3128X4MQ1 3571 Federal Home Loan Mort Corp 10/15/2007 21000.000.00 2,004,620.00 1,999,407.90 4.480 AAA 4.706 49 09/19/2008 3128X6WC6 3597 Federal Home Loan Mort Corp 12/24/2007 2,000,000.00 2,005,440.00 2,000,000.00 4.450 AAA 4.450 784 09/24/2010 3128X6YJ9 3608 Federal Home Loan Mort Corp 01/09/2008 2,000,000.00 2,007,040.00 2.000.000.00 4.500 AAA 4.500 1,622 01/09/2013 3128X1VY0 3613 Federal Home Loan Mort Corp 01/11/2008 2,900,000.00 2,900,928.00 2,900.124.75 3.690 AAA 3.554 12 08/13/2008 3134A4UD4 3615 Federal Home Loan Mort Corp 01/14/2008 2,000,000.00 2,002,500.00 2,000.317.68 3.625 AAA 3.487 45 09/15/2008 3128X7CK8 3626 Federal Home Loan Mort Corp 03/24/2008 2,000,000.00 1,990,000.00 2,000.000.00 3.100 AAA 3.100 784 09/24/2010 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2.001.240.00 1,997,286.67 3.375 AAA 3.438 826 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 1,987,820.00 1,988,246.75 3.250 AAA 3.480 986 04/14/2011 3128X7SL9 3649 Federal Home Loan Mort Corp 05/15/2008 2,000,000.00 1,994.420.00 2,000,000.00 2.500 AAA 2.500 287 05/15/2009 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 1,981,020.00 2,000,000.00 3.250 AAA 3.250 1,029 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 1,976,720.00 1,976,394.27 3.700 AAA 4.002 1,575 11/23/2012 3128X7SW5 3657 Federal Home Loan Mort Corp 05/29/2008 2,000,000.00 1,986,680.00 1,985,052.53 3.800 AAA 4.013 1,397 05/29/2012 3128X7S39 3665 Federal Home Loan Mort Corp 07/28/2008 2,000,000.00 2,002,280.00 2,000.000.00 3.150 AAA 3.150 361 07/28/2009 3136F74N4 3433 Fed.Nat'l Mort Assoc. 10/27/2006 2,000,000.00 2,011,880.00 2,000,000.00 5.375 AAA 5.375 1,182 10/27/2011 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,003,120.00 2,000,000.00 4.600 AAA 4.600 1,696 12/14/2012 31359MZH9 3592 Fed.NO Mort Assoc. 12/14/2007 2,000,000.00 2,007,500.00 2,001,966.78 4.500 AAA 4.003 75 10/15/2008 31359MX40 3614 Fed.Nat?Mort.Assoc. 01/14/2008 2,000,000.00 2,006,260.00 2,003,582.07 5.000 AAA 3.497 45 09/15/2008 31398ANH1 3625 Fed.Nail Mort.Assoc. 03/17/2008 2,000,000.00 1,985,000.00 2,000,000.00 3.250 AAA 3.249 938 02/25/2011 31398AQN5 3639 Fed.Nail Mort.Assoc. 04/28/2008 2,000,000.00 1,997,500.00 1,997,387.50 3.050 AAA 3.128 635 04/28/2010 31398AQW5 3642 Fed.NO Mort Assoc. 05/08/2008 2,000,000.00 2,001,260.00 2,000.000.00 4.250 AAA 4.250 1,741 05/08/2013 3136F9MN0 3643 Fed.Nail Mort Assoc. 04/29/2008 2,000,000.00 1,994,380.00 1,998,102.22 4.000 AAA 4.022 1,732 04/29/2013 3136F9WQ2 3661 Fed.Nat'l Mort.Assoc. 07/02/2008 2,000,000.00 2,018,120.00 2,000,000.00 4.000 AAA 4.000 700 07/02/2010 Subtotal and Average 123,349,871.99 116,990,000.00 117,257,236.70 116,968,708.10 4.076 858 Local Agency Investment Funds SYS982 982 Laif City _ 17,115,310.00 17,115,310.00 17,116,310.00 2.787 NR 2.787 1 SYS2206 2206 LAIF-Redevelopment Agency 29,997,371.56 29,997,371.56 29,997,371.56 2.787 NR 2.787 1 Subtotal and Average 50,126,321.09 47,112,681.56 47,112,681.56 47,112,681.66 2.787 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,052,180.00 2,000,577.74 4.875 AAA 4.834 379 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 2,009,220.00 1,999,110.30 4.625 AAA 4.909 60 09/30/2008 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 2,015,780.00 2,000,343.66 4.875 AAA 4.795 91 10/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 2,015.780.00 2,000,000.00 4.875 AAA 4.867 91 10/31/2008 912828ECO 3593 US Treasury Notes 12/14/2007 2,000,000.00 2,002,040.00 2,000,553.57 4.125 AAA 3.383 14 08/15/2008 Portfolio CITY AP Run Date:08/11/2008-12:12 PM(PRF_PM2)SyrnRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Investments July 31, 2008 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 912828FT2 3596 US Treasury Notes 12/14/2007 2,000,000.00 2,009,220.00 2,003.865.98 4.625 AAA 3.414 60 09/30/2008 912828FR6 3602 US Treasury Notes 12/28/2007 2,000,000.00 2,004,840.00 2,002.239.37 4.875 AAA 3.470 30 08/31/2008 9128281-169 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,035,780.00 2,040,235.16 4.000 AAA 2.099 395 08/31/2009 912810DF2 3645 US Treasury Notes 05/02/2008 2,000,000.00 2,005,000.00 2,007,916.67 12.000 AAA 11.230 1,840 08/15/2013 Subtotal and Average 21,940,628.10 18,000,000.00 18,149,840.00 18,054,842.45 4.774 330 Medium Tenn Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,029,260.00 1,964,905.94 4.200 Aaa 5.023 866 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 2,005,000.00 1,997,824.89 4.400 Aa1 5.090 61 10/01/2008 Subtotal and Average 3,961,645.50 4,000,000.00 4,034,260.00 3,962,730.83 5.057 460 Commercial Paper Disc.-Amortizing 36959HJ32 3664 General Electric Capital Corp 06/30/2008 2,000,000.00 1,995,280.00 1,995,673.33 2.360 P-1 2.403 33 09/03/2008 Subtotal and Average 1,993,706.67 2,000,000.00 1,995,280.00 1,995,673.33 2.403 33 Federal Agency Disc.-Amortizing 313384F61 3634 Federal Home Loan Bank 04/18/2008 1,738,000.00 1,733,307.40 1,733,843.28 2.050 AAA 2.125 42 09/12/2008 3133961383 3627 Federal Home Loan Mort Corp 03/18/2008 2,000,000.00 1,998,800.00 1,997,386.67 AAA 1.716 28 08/29/2008 3133961342 3628 Federal Home Loan Mort Corp.. 03/19/2008 2,000.000.00 1,997,200.00 1,997,720.00 1.710 AAA 1.747 24 08/25/2008 313396A94 3630 Federal Home Loan Mort Corp 03/31/2008 2,000,000.00 1,999,400.00 1,999,433.33 2.040 AAA 2.083 5 08/06/2008 313396K69 3633 Federal Home Loan Mort Corp 04/1S0008 2,000.000.00 .1,990,200.00 1,991,407.78 2.090 AAA 2.171 74 10/14/2008 313396G49 3636 Federal Home Loan Mort Corp 04/21/2008 2,000,000.00 1,993,800.00 1,994,506.67 AAA 2.136 48 09/18/2008 313396T45 3659 Federal Home Loan Mort Corp 06/16/2008 2,000,000.00 1,981,200.00 1,980,128.89 2.630 AAA 2.740 136 12/15/2008 31358BB38 3600 Fed.Nat'l Mort.Assoc. 12/27/2007 2,000,000.00 1,999,200.00 1.998,483.33 3.900 AAA 4.111 7 08/08/2008 313588K79 3632 Fed.Nat'l Mort Assoc. 04/18/2008 2,000,000.00 1,990,200.00 1,991,291.67 AAA 2.171 75 10/15/2008 3135881-173 3651 Fed.NO Mort.Assoc. 05/14/2008 2,000,000.00 1,992,400.00 1.993,149.45 2.090 AAA 2.166 59 09/29/2008 Subtotal and Average 19,658,958.19 19,738,000.00 19,673,707.40 19,677,351.07 2.319 50 Treasury Discounts-Amortizing 912795G62 3652 United States Treasury Bills 05/15/2008 2,000,000.00 1,995,640.00 1,995,120.00 1.830 AAA 1.893 48 09/18/2008 912795G62 3654 United States Treasury Bills 05/19/2008 2,000,000.00 1,995,640.00 1,995,093.33 1.840 AAA 1.903 48 09/18/2008 912795G54 3656 United States Treasury Bills 05/28/2008 2,000,000.00 1,996,480.00 1,995,763.33 1.860 AAA 1.923 41 09/11/2008 9127951-161 3660 United States Treasury Bills 06/17/2008 2,000,000.00 1,990,340.00 1,987.288.89 2.200 AAA 2.282 104 11/13/2008 Subtotal and Average 7,966,823.89 8,000,000.00 7,978,100.00 7,973,266.55 2.000 60 Portfolio CITY AP Run Date:06/17/2008-12:72 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 5 Portfolio Details - Investments:. July 31, 2008 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 228,997,955.43 215,840,681.56 216,201,105.66 215,745,252.89 3.619 509 Portfolio CITY AP Run Date:08/112008-12:12 PM(PRF PM2)SymRept 6.42 City of HB Portfolio Management Page 6 Portfolio Details -Cash July 31, 2008 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 135,346.60 135,346.60 0 Subtotal 135,346.60 135,346.60 Total Cash and Investments 228,997,955.43 215,840,681.56 216,336,452.26 215,880,599.49 3.619 509 Portfolio CITY AP Run Date:06/11/2008-12:12 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 7 Activity By Type July 1, 2000 through July 31, 2008 Stated Transaction Purchases Redemptions CUSIP Investment ill Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31339YNFS 3165 Federal Home Loan Bank 2.900 07/29/2008 0.00 2,000,000.00 3133XJKL1 3474 Federal Home Loan Bank 5.150 07/16/2008 0.00 2,000,000.00 31339YW1 3618 Federal Home Loan Bank 3.375 07/21/2008 0.00 2,000,000.00 3128X7S39 3665 Federal Home Loan Mort Corp 3.150 07/28/2008 2,000,000,00 0.00 31359ME41 3586 Fed.Nat I Mort.Assoc. 3.875 07/15/2008 0.00 2,850,000.00 31359ME41 3617 Fed.Nat'l Mort.Assoc. 3.875 07/15/2008 0.00 2,841,000.00 31359MXK4 3638 Fed.Nat'l Mort.Assoc. 3.750 07/25/2008 0.00 2,000,000.00 3136F9WQ2 3661 Fed.Natl Mort.Assoc. 4.000 07/02/2008 2,000,000.00 0.00 Subtotal 4,000,000.00 13,691,000.00 116,968,708.10 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 2.787 8,817,040.88 21,700,000.00 SYS2206 2206 LAIF-Redevelopment Agency 2.787 231,328.73 200,000.00 Subtotal 9,048,369.61 21,900,000.00 47,112,681.56 Treasury Securities-Coupon 912828FM7 3476 US Treasury Notes 5.000 07/31/2008 0.00 2,000,000.00 912828FM7 3624 US Treasury Notes 5.000 07/31/2008 0.00 2,000,000.00 Subtotal 0.00 4,000,000.00 18,054,842.45 Medium Term Notes Subtotal 3,962,730.83 Commercial Paper Disc.-Amortizing Subtotal 1,996,673.33 Federal Agency Disc.-Amortizing Subtotal 19,677,351.07 Treasury Discounts-Amortizing Subtotal 7,973,265.55 Total 13,048,369.61 39,591,000.00 215,745,252.89 Portfolio CITY AP Run Date:08/11/2008-12:12 PM(PRF_PM3)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 8 Activity Summary July 2007 through July 2008 Yield to Maturity Managed .Number Number Month Number of Average 366 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Tenn Days to Maturity July 2007 99 234,531,828.66 4.792 4.859 5.255 7 13 740 398 August 2007 90 219,378,158.87 4.809 4.876 5.253 5 14 749 394 September 2007 87 210,473,705.74 4.807 4.874 5.231 8 11 747 389 October 2007 85 205,534,858.98 4.725 4.791 5.137 12 14 754 380 November 2007 77 202,206,117.59 4.690 4.755 4.962 9 17 698 371 December 2007 87 212,710,842.34 4.544 4.667 4.801 19 9 664 377 January 2008 91 233,636,809.52 4.409 4.470 4.620 15 11 667 407 February 2008 84 228,014,150.58 4.212 4.271 4.161 5 12 686 430 March 2008 81 219,765,603.57 4.027 4.083 3.777 5 8 695 439 April 2008 88 220,642,095.52 3.785 3.837 3.400 14 7 665 454 May 2008 94 238,678,019.73 3.657 3.708 3.072 15 9 696 504 June 2008 93 238,795,438.00 3.551 3.601 2.894 5 6 654 473 July 2008 87 228,997,955.43 3.569 3.619 2.787 2 8 701 509 Average 88 222,584,855.07 4.276% 4.335% 4.258 9 11 701 425 Portfolio CITY AP Run Date:08/11/2008-1 2:12 PM(PRF_PM4)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type July 2007 through July 2008 July August September October November December January February March April May June July Average Security Type 2007 2007 2007 2007 2007 2007 2008 2008 2008 2008 2008 2008 2008 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 45.2 45.4 44.6 46.6 46.3 46.3 53.5 57.2 58.0 55.2 55.1 52.3 54.2 50.8% Local Agency Investment Funds 13.9 18.2 19.2 19.7 28.0 26.2 24.0 26.5 25.3 25.2 23.6 24.8 21.8 22.8% Treasury Securities-Coupon 8.1 6.6 6.7 6.9 4.9 7.0 6.8 8.0 8.4 8.6 9.2 9.1 8.4 7.6% Medium Term Notes 1.8 1.9 1.9 1.9 1.9 1.7 1.7 1.8 1.8 1.7 1.6 1.6 1.8 1.8% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 9.8 10.2 15.2 13.7 10.7 10.5 7.6 3.5 1.9 1.7 0.8 0.9 6.7% Federal Agency Disc.-Amortizing 7.1 7.5 5.7 8.3 7.3 8.3 6.4 3.1 4.6 7.6 8.1 8.1 9.1 7.0% Treasury Discounts-Amortizing 14.2 10.3 6.7 2.9 1.0 2.5 3.3 3.7 3.4% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:08/11/2008-12:12 PM(PRF_PM5)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 10 Interest Earnings Summary July 31, 2008 July 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 522,893.62 4,978,111.11 Plus Accrued Interest at End of Period 1,567,199.42 1,567,199.42 Less Accrued Interest at Beginning of Period ( 1,549,410.26) ( 1,429,456.49) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 540,682.78 5,115,854.04 Adjusted by Premiums and Discounts 16,775.00 867,022.44 Adjusted by Capital Gains or Losses 0.00 1,795.02 Earnings during Periods 557,457.78 5,984,671.50 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 448,369.61 2,134,844.87 Plus Accrued Interest at End of Period 119,096.18 119,096.18 Less Accrued Interest at Beginning of Period ( 448,814.73) ( 482,577.08) Interest Earned during Period 118,651.06 1,771,363.97 Total Interest Earned during Period 659,333.84 6,887,218.01 Total Adjustments from Premiums and Discounts 16,775.00 867,622.44 Total Capital Gains or Losses 0.00 1,795.02 Total Earnings during Period 676,108.84 7,756,035.47 Portfolio CITY AP Run Date:08/11/2008-12:12 PM(PRF_PM6)SymRept 6.42 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 7/31/2008 Carrying Cost Plus Description Accrued Interest Purch. Fair Value ` Accrued Interest United States Treasury: Bills $ 1,568,630,680.56 $ 1,577,164,000.00 NA Notes $ 1,849,660,767.76 $ 1,843,392,000.00 $ 8,743,206.00 Federal Agency: SBA $ 564,157,698.78 $ 562,484,231.94 $ 2,425,191.86 MBS-REMICs $ 1,105,444,960.68 $ 1,103,830,909.05 $ 5,245,540.50 Debentures $ 4,045,525,275.48 $ 4,056,637,697.75 $ 45,981,308.58 Debentures FR $ 6,002,586,433.63 $ 5,996,899,320.00 $ 24,116,695.49 Discount Notes $ 10,362,312,047.18 $ 10,406,603,600.00 NA FHLMC PC $ 42,140.90 $ 43,073.27 $ 708.35 GNMA $ 159,258.64 $ 179,217.95 $ 1,577.34 CDs and YCDs FR $ 200,000,000.00 $ 200,000,000.00 $ 1,514,325.11 Bank Notes $ 900,000,000.00 $ 900,029,535.00 $ 4,207,944.44 CDs and YCDs $ 12,025,106,148.73 $ 12,024,632,640.15 $ 41,320,250.69 Commercial Paper $ 6,405,252,788.81 $ 6,418,810,109.17 NA Corporate: Bonds FR $ 232,674,290.45 $ 231,954,398.48 $ 1,018,525.03 Bonds $ 145,615,545.35 $ 146,417,618.93 $ 2,353,561.30 Repurchase Agreements $ - NA Reverse Repurchase $ (196,250,000.00) $ (196,250,000.00) $ (11,453,368.06) Time Deposits $ 9,191,000,000.00 $ 9,191,000,000.00 NA AB 55&GF Loans $ 12,713,437,254.41 $ 12,713,437,254.41 NA TOTAL $ 67,115,355,291.36 1 $ 67,177,265,606.10 $ 125,475,466.63 Fair Value Including Accrued Interest $ 67,302,741,072.73 Repurchase Agreements,Time Deposits,AB 55&General Fund loans,and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). ATTACHMENT #2 City of FIB Portfolio Management Page 7 Activity By Type May 1, 2008 through May 31, 2008 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331YRE2 3623 Federal Farm Credit Bank 3.200 05/14/2008 0.00 2,000,000.00 3133XFFF8 3378 Federal Home Loan Bank 5.500 05/05/2008 0.00 2,000,000.00 31331VIEUC3 3577 Federal Home Loan Bank 5.750 05/15/2008 0.00 2,000,000.00 3133XN4G1 3578 Federal Home Loan Bank 4.360 05/23/2008 0.00 2,000,000.00 3133XNEL9 3583 Federal Home Loan Bank 4.335 05/23/2008 0.00 2,000,000.00 3133XR7F1 3648 Federal Home Loan Bank 2.450 05/12/2008 2,000,000.00 0.00 3133XR6M7 3653 Federal Home Loan Bank 2.500 05/15/2008 1,998,125.00 0.00 3133XGS96 3658 Federal Home Loan Bank 5.625 05/30/2008 574,275.00 0.00 3128X3K93 3267 Federal Home Loan Mort Corp 3.600 05/22/2008 0.00 2,000,000.00 3128X7NF7 3644 Federal Home Loan Mort Corp 3.375 05/05/2008 1,997,000.00 0.00 3128X7JK1 3646 Federal Home Loan Mort Corp 3.250 05/06/2008 1,987,220.00 0.00 3128X7SL9 3649 Federal Home Loan Mort Corp 2.500 05/15/2008 2,000,000.00 0.00 3128X7SK1 3650 Federal Home Loan Mort Corp 3.250 05/27/2008 2,000,000.00 0.00 3128X7SV7 3655 Federal Home Loan Mort Corp 3.700 05/23/2008 1,975,360.00 0.00 3128X7SW5 3657 Federal Home Loan Mort Corp 3.800 05/29/2008 1,984,380.00 0.00 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 3.700 05/23/2008 0.00 2,000,000.00 31398AQW5 3642 Fed.Nat'l Mort.Assoc. 4.250 05/08/2008 2,000,000.00 0.00 Subtotal 18,516,360.00 14,000,000.00 133,157,126.39 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 3.072 3,100,000.00 4,800,000.00 Subtotal 3,100,000.00 4,800,000.00 56,964,311.95 Treasury Securities-Coupon 912810DF2 3645 US Treasury Notes 12.000 05/02/2008 2,059,375.00 0.00 Subtotal 2,059,375.00 0.00 22,115,577.12 Medium Term Notes Subtotal 3,958,090.09 Commercial Paper Disc.-Amortizing 02581RE25 3609 American Express 3.990 05/02/2008 0.00 2,000,000.00 36959HE94 3611 General Electric Capital Corp 3.870 05/09/2008 0.00 2,000,000.00 Subtotal 0.00 4,000,000.00 0.00 Portfolio CITY AP Run Date:06/10/2008-11:16 PM(PRF_PM3)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page s Activity By Type May 1, 2008 through May 31, 2008 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Disc.-Amortizing 313588H73 3651 Fed.Nat'l Mort.Assoc. 2.090 05/14/2008 1,983,976.67 0.00 Subtotal 1,983,976.67 0.00 19,629,092.82 Treasury Discounts-Amortizing 912795G62 3652 United States Treasury Bills 1.830 05/15/2008 1,987,190.00 0.00 912795G62 3654 United States Treasury Bills' 1.840 05/19/2008 1,987,528.89 0.00 912795G54 3656 United States Treasury Bills 1.860 05/28/2008 1,989,046.67 0.00 Subtotal 5,963,765.56 0.00 5,967,236.11 Total 31,623,477.23 22,800,000.00 241,791,434.48 Portfolio CITY AP Run Date:06/1 012008-11:16 PM(PRF_PM3)SyrnRept 6.42 City of HB Portfolio Management Page 9 Activity Summary May 2007 through May 2008 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 2007 105 242,517,495.45 4.801 4.867 5.248 10 5 634 342 June 2007 105 243,107,792.06 4.803 4.870 5.250 10 10 679 368 July 2007 99 234,531,828.66 4.792 4.859 5.255 7 13 740 398 August 2007 90 219,378,158.87 4.809 4.876 5.253 5 14 749 394 September 2007 87 210,473,705.74 4.807 4.874 5.231 8 11 747 389 October 2007 85 205,534,858.98 4.725 4.791 5.137 12 14 754 380 November 2007 77 202,206,117.59 4.690 4.755 4.962 9 17 698 371 December 2007 87 212,710,842.34 4.544 4.607 4.801 19 9 664 377 January 2008 91 233,636,809.52 4.409 4.470 4.620 15 11 667 407 February 2008 84 228,014,150.58 4.212 4.271 4.161 5 12 686 430 March 2008 81 219,765,603.57 4.027 4.083 3.777 5 8 695 439 April 2008 88 220,642,095.52 3.785 3.837 3.400 14 7 665 454 May 2008 94 238,678,019.73 3.657 3.708 3.072 15 9 696 504 Average 90 223,966,407.62 4.466% 4.528% 4.628 10 11 698 404 Portfolio CITY AP Run Date:06/10/2008-11:16 PM(PRF_PM4)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 10 Distribution of Investments By Type May 2007 through May 2008 May June July August September October November December January February March April May Average Security Type 2007 2007 2007 2007 2007 2007 2007 2007 2008 2008 2008 2008 2008 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 38.1 42.1 45.2 45.4 44.6 46.6 46.3 46.3 53.5 57.2 58.0 55.2 55.1 48.7% Local Agency Investment Funds 16.4 16.4 13.9 18.2 19.2 19.7 28.0 26.2 24.0 26.5 25.3 25.2 23.6 21.7% Treasury Securities-Coupon 7.4 7.4 8.1 6.6 6.7 6.9 4.9 7.0 6.8 8.0 8.4 8.6 9.2 7.4% Medium Term Notes 1.6 1.6 1.8 1.9 1.9 1.9 1.9 1.7 1.7 1.8 1.8 1.7 1.6 1.8% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 14.7 9.8 9.8 10.2 15.2 13.7 10.7 10.5 7.6 3.5 1.9 1.7 8.4% Federal Agency Disc.-Amortizing 8.1 8.1 7.1 7.5 5.7 8.3 7.3 8.3 6.4 3.1 4.6 7.6 8.1 6.9% Treasury Discounts-Amortizing 13.8 14.6 14.2 10.3 6.7 2.9 1.0 2.5 5.1% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:06/10/2008-11:16 PM(PRF_PM5)SymRept 6.42 Report Ver.5.00 City of H13 Portfolio Management Page 11 Interest Earnings Summary May 31, 2008 May 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 475,327.50 3,840,717.49 Plus Accrued Interest at End of Period 1,607,385.76 1,607,385.76 Less Accrued Interest at Beginning of Period ( 1,504,660.91) ( 1,429,456.49) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 578,052.35 4,018,646.76 Adjusted by Premiums and Discounts 4,325.49 840,394.49 Adjusted by Capital Gains or Losses 0.00 1,795.02 Earnings during Periods 582,377.84 4,860,836.27 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 0.00 1,686,475.26 Plus Accrued Interest at End of Period 313,243.21 313,243.21 Less Accrued Interest at Beginning of Period ( 158,532.78) ( 482,577.08) Interest Earned during Period 154,710.43 1,517,141.39 Total Interest Earned during Period 732,762.78 5,535,788.15 Total Adjustments from Premiums and Discounts 4,325.49 840,394.49 Total Capital Gains or Losses 0.00 1,795.02 Total Earnings during Period 737,088.27 6,377,977.66 Portfolio CITY AP Run Date:06/10/2008-11:16 PM(PRF_PM6)SyrnRept 6.42 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation /3 1/200 Carrying Cost Plus1-1 N '' Ceseript on A -rued lrtterest Purch .. Fair Valuer Accrued it terest. United States Treasu Bills $ 1,141,107,555.57 $ 1,145,861,000.00 NA Notes $ 3,690,560,178.88 $ 3,654,432,000.00 $ 71,988,442.00 Federal Agency: SBA $ 558,558,046.49 $ 556,875,955.99 $ 4,215,774.45 MBS-REMICs $ 1,130,985,790.18 $ 1,134,504,183.28 $ 5,364,447.57 Debentures $ 4,945,804,982.72 $ 4,958,394,361.75 $ 103,481,836.86 Debentures FR $ 5,622,856,420.83 $ 5,621,476,210.00 $ 15,674,222.86 Discount Notes $ 15,463,914,913.86 $ 15,678,922,400.00 NA FHLMC PC $ 84,169.19 $ 85,870.49 $ 1,395.17 GNMA $ 166,480.43 $ 186,834.04 $ 1,650.52 CDs and YCDs FR $ 200,000,000.00 $ 200,000,000.00 $ 515,261.72 Bank Notes $ 905,000,000.00 $ 905,162,933.65 $ 5,330,306.94 CDs and YCDs $ 11,785,090,087.05 $ 11,786,391,620.20 $ 74,927,734.71 Commercial Paper $ 7,742,866,562.51 $ 7,761,672,031.94 NA Corporate: Bonds FR . $ 129,081,571.14 $ 126,835,293.00 $ 458,495.13 Bonds $ 154,902,869.11 $ 155,801,983.84 $ 1,849,536.93 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 9,580,500,000.00 $ 9,580,500,000.00 NA AB 55 &GF Loans $ 9,466,996,523.79 $ 9,466,996,523.79 NA TOTAL $ 72,518,476,151.75 $ 72,734,099,201.97 $ 283,804,104.86 Fair Value Including Accrued Interest $ 73,017,903,306.83 Repurchase Agreements, Time Deposits, AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of April 30, 2008 Summary of investments by type Market Value Market Value Par Value Investment Type as of 3/31/08 as of 4/30/08 $5,773,976 Local Agency Investment Fund (LAIF) $5,754,935 $5,773,976 $0 Federal Agency Issues $0 $0 $8,236,369 Investment Agreements $8,236,305 $8,236,369 $2,049,664 Money Market Funds $2,082,516 $2,049,664 $0 US Treasury Securities $0 $0 $16,060,009 $16,073,756 $16,060,009 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 3/31/08 as of 4/30/08 $2,513,212 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,512,905 $2,513,212 $2,140,311 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,118,537 $2,140,311 $1,649,596 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,595 $1,649,596 $503,260 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $503,236 $503,260 $2,042,872 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,042,728 $2,042,872 $2,696,819 Huntington Beach PFA- 2001 Series B(1993 Civic Center& Police Administration Bldg. Refinance) $2,696,713 $2,696,819 $1,277,886 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,276,057 $1,277,886 $174,245 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $215,427 $174,245 $1,440,192 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,440,119 $1,440,192 $763,178 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $763,147 $763,178 $680,824 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $680,631 $680,824 $177,614 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $174,661 $177,614 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $16,060,009 $16,073,756 $16,060,009 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (12-31-07) Transfers (change in value) Balance (3-31-08) ICMA Retirement Corporation (457 Plan) $27,022,718 $471,932 ($869,251) ($1,405,239) ($284) $25,219,876 ICMA Retirement Corporation (401 Plan) $903,515 $27,138 ($2,978) ($44,817) $0 $882,858 Nationwide Retirement Solutions (457 Plan) $56,323,396 $1,089,586 ($1,233,877) ($2,633,903) ($225) $53,544,977 Total Deferred Compensation Plan Balances $84,249,629 $1,588,656 ($2,106,106) ($4,083,959) ($509) $79,647,711 ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information as of March 31, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (12-31-07) Transfers (change in value) Balance (3-31-08) CaIPERS Retiree Medical Trust Account $0 $8,894,838 $0 $6,774 $0 $8,901,612 ATTACHMENT #5 Treasurer's Report - Shard L. Freidenr®ch, CPA, CCMT, CPFA, CPFI May Treasurer' s Report .......... v; Shari L . Freidenrich , CPA, CCMT, F , CPFIM July 21 , 2008 Treasurer's Report - Shari L. Freidenr®ch, CPA, CC MT, CPF , CPFI Financial Information: April May Inc./(Dec.) End of Month City Portfolio $232.964 $241 .791 $8.827 End of Month Market Value $234.442 $242.546 $8. 104 Interest Earned for Month $0.719 $0.737 $0.018 Earned Interest Yield Year to Date 4.45% 4.33% -0. 12% Average Maturity ( in days) 454 504 50 YTD Average Daily Balance $217.460 $220. 156 $2.696 Summary by Type: May % of Total Policy° Limit Days to Mat. Rate Federal Agy - Coupon $133. 157 55% None 826 4.06% LAIF (State Pool) $56.964 24% 60% 1 3.07% U.S.Treasury Notes $22. 116 9% done 333 4.55% Medium Term Notes $3.958 2% 20% 521 5.06% Discount Comm. Paper $19.629 8% 25% 92 2.47% Discount Federal Agy $5.967 2% None 107 1 .91 % Total $241 .791 100% 504 3.71 % RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: May 2008 Investment Summary Report COUNCIL MEETING DATE: July 21, 2008 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attomey) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over$5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) Attached Not Ap licable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXPLANATION FOR Ili ISSING ATTACHMENTS REVIEWED RETURNED FORUVAkDED Administrative Staff ( ) Deputy City Administrator Initial ( ) City Administrator (Initial) ) ) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: (Bolow,Spa,ce • RCA Author: SLF _ o r rrf�, I Council/Agency Meeting Held Z�(� Deferred/Continued to *Appr ved ❑ Conditionally Approved ® Denied SA�,:PCity Perk s ignatur Council Meeting Date 6/16/2008 Department ID Number CT08-12 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY SHARI L FREIDENRICH CPA CITY TREASUR PREPARED BY SHARI L FREIDENRICH CPA CITY TREASUR SUBJECT REVIEW AND ACCEPT CITY TREASURER'S APRIL 2008 INVESTMENT SUMMARY REPORT jEt:eme:n:to:f Issue Funding Source Recommended Action Alternative Action(s) Analysis Environmental Status Attachments) Statement of Issue Review and accept the Monthly Investment Report for April 2008, pursuant to Section 17 0 of the Investment Policy of the City of Huntington Beach Funding Source Not Applicable Recommended Action Motion to Review and accept the Monthly Investment Report Following review of the report by motion of Council, accept the Monthly Investment Report for April 2008 pursuant to Section 17 0 of the Investment Policy of the City of Huntington Beach Alternative Action(s) Deny or critique monthly report Analysis Not Applicable Strategic Plan Goal E-1 Engaging the Community — Increase community involvement by educating residents, C-2 City Service — Provide quality public services with the highest professional standards Environmental Status Not Applicable REQUEST FOR CITY COUNCIL ACTION MEETING DATE 6/16/2008 DEPARTMENT ID NUMBER CT08-12 Attachrnepys) s o o ® o 0 1 Monthly Investment Report and Summary of Investments for April 2008 2 Schedule of Bond Investments 3 Deferred Compensation Plan Summary Information 4 Retiree Medical Trust Investments 5 April 2008 PowerPoint Presentation 2 5/28/2008 8 39 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds and Deferred Compensation Activity for April 2008 City Investment Portfolio March April Inc/(Dec ) End of month City Portfolio Balance $214 928 787 $232 963 632 $18 034 845 End of month General Fund Balance $36 680 138 $45 858 632 $9 178 494 Monthly Effective Rate of Return 4 10% 3 97% 0 13% Average Maturity ( in days) 439 454 15 End of Month Market Value $216 797 539 $234 441 808 $17 644 269 End of month bank cash balance $4 385 146 $4 457 853 $72 707 Bond Proceeds Investments * February March Inc/(Dec ) End of Month Bond Reserve Par Value $18 081 684 $16 073 756 ($2 007 928) End of Month Bond Reserve Market Value $18 081 684 $16 073 756 ($2 007 928) Deferred Compensation Investments ** December March Inc/(Dec ) Participant Balances $84 249 629 $79 647 711 ($4 601 918) Retiree Medical Trust** December March Inc/(Dec ) Trust Balance $0 $8 901 612 $8 901 612 Comparison to Budget/City Portfolio Budget Actual Inc/(Dec) Interest Earned for Month $505 167 $719 388 $214 221 Interest Earned Year to Date $3 536 169 $5 640 889 $2 104 720 Earned Interest Yield Year to Date 4 85% 4 45% -0 40% Bond Proceeds Statements are issued monthly and may lag by more than one month Deferred Compensation and Medical Retiree Statements are issued quarterly Summary by Individual Investment in City Investment Portfolio Days YTM Int April % of Total Policy Limit to Mat Rate Federal Agency Issues-Coupon $128 652 723 55% None 757 4 17% Local Agency Inv Fund (LAIF) $58 664 312 25% 60 million 1 3 40% Treasury Securities Coupon $20 086 584 9% None 204 3 87% Medium Term Notes $3 955 770 2% 20% 552 5 06% Commercial Paper Disc Amortizing $3 998 058 2% 25% 4 4 04% Federal Agency Disc Amortizing $17 606 185 7% None 120 2 50% $232 963 632 100% 454 3 84% � F City of Huntington Beach �vy City of 1-I13 2000 Main St a Portfolio Management Huntington Beach Portfolio Summary2cF00NNTY CP��o Aplr'I 30, 2008 Par Market Book / of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv 365 Equiv Federal Agency Issues Coupon 128 591 000 00 129 812 671 04 128 652 722 38 5522 1 066 757 4 114 4 172 Local Agency Investment Funds 58 664 311 95 58 664 311 95 58 664 311 95 2518 1 1 3 353 3 400 Treasury Securities Coupon 20 000 000 00 20 303 580 00 20 086 584 08 862 504 204 3 816 3 869 Medium Term Notes 4 000 000 00 4 043 080 00 3 955 769 73 1 70 1 057 652 4 988 5 057 Commercial Paper Disc Amortizing 4 000 000 00 3 998 600 00 3 998 058 33 1 72 117 4 3 981 4 036 Federal Agency Disc Amortizing 17 738 000 00 17 619 565 00 17 606 185 29 756 166 120 2 464 2 498 232 993 311 95 234 441 807 99 232 963 631 76 100 00% 665 454 3 785 3 837 Investments Cash and Accrued Interest Accrued Interest at Purchase 133 400 09 133 400 09 Subtotal 133 400 09 133 400 09 Total Cash and Investments 232 993 311 95 234 575 208 08 233 097 031 85 665 454 3 785 3 837 Total Earnings April 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 719 387 83 5 640 889 39 Current Budget 505 167 00 3 536 169 00 6 062 004 00 Last Year Actual 883 662 00 5 639 100 00 10 317 142 00 Average Daily Balance 220 642 095 52 217 459 851 20 Effective Rate of Return 3 97% 4 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 November 5 2007 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 fed by Union Bank via Merrill Lynch and Interactive Data Corporation (ZHAWS Z8-o� L FREIDlfgRICH CPA CITY TREASURER Reporting period 04/01/2008 04/30/2008 Portfolio CITY AP Run Date 05/09/2008 10 59 PM(PRF_PM1)SymRept 6 42 Report Ver 5 00 City of HB Portfolio Management Page 2 Portfolio Details - Investments April 30, 2008 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 SGHO 3276 Federal Farm Credit Bank 12/15/2004 2 000 000 00 2 003 760 00 2 000 000 00 4 000 AAA 4 000 228 12/15/2008 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2 000 000 00 2 050 000 00 1 997 926 78 5 050 AAA 5 150 403 06/08/2009 31331XE57 3542 Federal Farm Credit Bank 06/18/2007 2 000 000 00 2 010 000 00 2 000 000 00 5 850 AAA 5 850 1 509 06/18/2012 31331YRF9 3620 Federal Farm Credit Bank 02/05/2008 2 000 000 00 2 000 620 00 2 000 000 00 3 500 AAA 3 500 826 08/05/2010 31331YQW3 3621 Federal Farm Credit Bank 02/04/2008 2 000 000 00 2 003 760 00 2 000 000 00 3 150 AAA 3 150 644 02/04/2010 31331YRE2 3623 Federal Farm Credit Bank 02/05/2008 2 000 000 00 2 000 000 00 2 000 000 00 3200 AAA 3200 461 08/05/2009 31331YZS2 3629 Federal Farm Credit Bank 04/01/2008 2 000 000 00 2 012 500 00 2 000 000 00 4 000 AAA 4 000 1 796 04/01/2013 31331YB25 3631 Federal Farm Credit Bank 04/07/2008 2 000 000 00 1 978 760 00 2 000 000 00 2 625 AAA 2 625 524 10/07/2009 31331YF88 3637 Federal Farm Credit Bank 04/22/2008 2 000 000 00 2 004 380 00 1 993 433 00 4 125 AAA 4 199 1 817 04/22/2013 31331YXN5 3640 Federal Farm Credit Bank 04/22/2008 2 000 000 00 2 002 500 00 1 995 662 68 3 470 AAA 3 549 1 050 03/17/2011 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2 000 000 00 2 002 500 00 2 000 000 00 2 900 AAA 2 900 89 07/29/2008 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2 000 000 00 2 000 620 00 2 000 000 00 5 500 AAA 5 500 918 11105/2010 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2 000 000 00 2021 88000 2 000 000 00 5 700 AAA 5 700 1 211 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2 000 000 00 2 025 000 00 2 000 000 00 5 430 AAA 5 430 1 239 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2 000 000 00 2 076 260 00 2 000 000 00 5 300 AAA 5 300 1 232 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2 000 000 00 2 026 880 00 2 000 000 00 5 250 AAA 5 250 551 11/03/2009 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2 000 000 00 2 012 500 00 2 000 000 00 5 150 AAA 5 150 806 07/16/2010 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2 000 000 00 2 047 500 00 2 000 000 00 5 300 AAA 5 300 1 198 08/12/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2 000 000 00 2 075 620 00 2 000 000 00 5 550 AAA 5 550 1 503 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2 000 000 00 2 068 120 00 1 997 347 22 5 350 AAA 5 419 775 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2 000 000 00 2 123 120 00 2 000 000 00 5 600 AAA 5 600 1 541 07/20/2012 3133MEUC3 3577 Federal Home Loan Bank 11/02/2007 2 000 000 00 2 002 500 00 2 000 953 16 5 750 AAA 4 492 14 05/15/2008 3133XN4G1 3578 Federal Home Loan Bank 11/23/2007 2 000 000 00 2 002 500 00 2 000 000 00 4 360 AAA 4 360 22 05/23/2008 3133XNBW8 3579 Federal Home Loan Bank 11/26/2007 2 000 000 00 2 015 620 00 2 000 000 00 4 625 AAA 4 625 1 212 08/26/2011 3133XNEL9 3583 Federal Home Loan Bank 11/26/2007 2 000 000 00 2001 88000 2 000 000 00 4 335 AAA 4 335 22 05/23/2008 3133XNCK3 3585 Federal Home Loan Bank 11/26/2007 2 000 000 00 2 015 000 00 2 000 000 00 4 600 AAA 4 600 1 212 08/26/2011 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2 000 000 00 2 053 760 00 2 000 000 00 4 500 AAA 4 500 1 691 12/17/2012 3133XNQT9 3589 Federal Home Loan Bank 12/26/2007 2 000 000 00 2 019 380 00 2 000 000 00 4 550 AAA 4 550 1 243 09/26/2011 3133XNR92 3590 Federal Home Loan Bank 12/17/2007 2 000 000 00 2 015 620 00 2 000 000 00 4 375 AAA 4 375 869 09/17/2010 3133XNSR1 3594 Federal Home Loan Bank 12/18/2007 2 000 000 00 2 005 000 00 2 000 000 00 4 250 AAA 4 250 48 06/18/2008 3133XM2H3 3601 Federal Home Loan Bank 12/28/2007 2 000 000 00 2 015 000 00 2 004 303 62 4 885 AAA 4 149 111 08/20/2008 3133XNVQ9 3605 Federal Home Loan Bank 01/07/2008 2 000 000 00 2 018 120 00 2 000 000 00 4 375 AAA 4 375 889 10/07/2010 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2 000 000 00 2 034 380 00 2 000 000 00 4200 AAA 4200 1 720 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2 000 000 00 2 030 620 00 2 000 000 00 4 150 AAA 4 150 1 734 01129/2013 3133XCSA2 3616 Federal Home Loan Bank 01/14/2008 2 000 000 00 2 013 760 00 2 005 317 06 4 250 AAA 3 498 134 09/12/2008 31339YW1 3618 Federal Home Loan Bank 01/15/2008 2 000 000 00 2 004 380 00 1 999 200 00 3 375 AAA 3 557 81 07/21/2008 Portfolio CITY AP Run Date 05/09/2008 10 59 PM(PRF_PM2)SymRept 6 42 Report Ver 5 00 City of 1-113 Portfolio Management Page 3 Portfolio Details - Investments April 30, 2008 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 3133XOLJ6 3619 Federal Home Loan Bank 01/14/2008 2 000 000 00 2 007 500 00 2001 15336 3 750 AAA 3 542 106 08/15/2008 3133XPB29 3622 Federal Home Loan Bank 02/13/2008 2 000 000 00 1 990 620 00 1 986 606 67 3 850 AAA 4 006 1 749 02/13/2013 3133XGEQ3 3641 Federal Home Loan Bank 04/23/2008 2 000 000 00 2 060 000 00 2 063 422 42 5 250 AAA 2 672 461 08/05/2009 3133XQSZ6 3647 Federal Home Loan Bank 04/25/2008 2 000 000 00 1 996 880 00 2 000 000 00 2200 AAA 2200 176 10/24/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2 000 000 00 2 036 620 00 2 000 000 00 4 125 AAA 4 125 566 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2 000 000 00 2 001 400 00 2 000 000 00 3 600 AAA 3 600 21 05/22/2008 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2 000 000 00 2 022 040 00 1 998 627 78 5 250 AAA 5 273 1 253 10/06/2011 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2 000 000 00 2 006 880 00 2 000 000 00 5 050 AAA 5 050 596 12/18/2009 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2 000 000 00 2041 30000 2 000 000 00 5 250 AAA 5 250 1 337 12/29/2011 3128X4MQ1 3571 Federal Home Loan Mort Corp 10/15/2007 2 000 000 00 2 015 780 00 1 998 297 72 4 480 AAA 4 706 141 09/19/2008 3128X6WC6 3597 Federal Home Loan Mort Corp 12/24/2007 2 000 000 00 2 017 240 00 2 000 000 00 4 450 AAA 4 450 876 09/24/2010 3128X6YJ9 3608 Federal Home Loan Mort Corp 01/09/2008 2 000 000 00 2 030 460 00 2 000 000 00 4 500 AAA 4 500 1 714 01/09/2013 3128XIVYO 3613 Federal Home Loan Mort Corp 01/11/2008 2 900 000 00 2 910 614 00 2 901 06042 3 690 AAA 3 554 104 08/13/2008 3134A4UD4 3615 Federal Home Loan Mort Corp 01/14/2008 2 000 000 00 2 009 380 00 2 000 967 47 3 625 AAA 3 487 137 09/15/2008 3128X7CK8 3626 Federal Home Loan Mort Corp 03/24/2008 2 000 000 00 2 004 040 00 2 000 000 00 3 100 AAA 3 100 876 09/24/2010 31359MSC8 3242 Fed Nat I Mort Assoc 06/04/2004 2 000 000 00 2001 26000 1 999 908 33 3 250 AAA 2052 34 06/04/2008 3136F6MN6 3268 Fed Nat I Mort Assoc 11/23/2004 2 000 000 00 2001 88000 2 000 000 00 3 700 AAA 3 700 22 05/23/2008 3136F74N4 3433 Fed Nat I Mort Assoc 10/27/2006 2 000 000 00 2031 88000 2 000 000 00 5 375 AAA 5 375 1 274 10/27/2011 31359ME41 3586 Fed Nat I Mort Assoc 12/12/2007 2 850 000 00 2 859 804 00 2 848 039 52 3 875 AAA 4 212 75 07/15/2008 3136F8YW9 3587 Fed Nat I Mort Assoc 12/14/2007 2 000 000 00 2 037 500 00 2 000 000 00 4 600 AAA 4 600 1 688 12/14/2012 31359MZH9 3592 Fed Nat I Mort Assoc 12/14/2007 2 000 000 00 2 019 380 00 2 004 358 80 4 500 AAA 4 003 167 10/15/2008 31359MX40 3614 Fed Nat I Mort Assoc 01/14/2008 2 000 000 00 2021 88000 2 010 909 05 5 000 AAA 3 497 137 09/15/2008 31359ME41 3617 Fed Nat I Mort Assoc 01/15/2008 2 841 00000 2 850 773 04 2 842 751 95 3 875 AAA 3 570 75 07/15/2008 31398ANH 1 3625 Fed Nat I Mort Assoc 03/17/2008 2 000 000 00 2003 12000 2 000 000 00 3 250 AAA 3 249 1 030 02/25/2011 31359MXK4 3638 Fed Nat I Mort Assoc 04/22/2008 2 000 000 00 2 006 260 00 2 007 460 65 3 750 AAA 2 123 85 07/25/2008 31398AQN5 3639 Fed Nat Mort Assoc 04/28/2008 2 000 000 00 2 006 260 00 1 997 012 50 3 050 AAA 3 128 727 04/28/2010 3136F9MNO 3643 Fed Nat I Mort Assoc 04/29/2008 2 000 000 00 2028 12000 1 998 002 22 4 000 AAA 4 022 1 824 04/29/2013 Subtotal and Average 124 350 383 55 128 591 000 00 129 812 671 04 128 652 722 38 4 172 757 Local Agency Investment Funds SYS982 982 Laif City 28 698 269 12 28 698 269 12 28 698 269 12 3 400 NR 3 400 1 SYS2206 2206 LAIF Redevelopment Agency 29 966 042 83 29 966 042 83 29 966 042 83 3 400 NR 3 400 1 Subtotal and Average 56 570 583 14 5866431196 58 664 311 95 58 664 311 95 3 400 1 Portfolio CITY AP Run Date 05/09/2008 10 59 PM(PRF_PM2)SymRept 6 42 City of BBB Portfolio Management Page 4 Portfolio Details - Investments April 30, 2008 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 912828FPO 3435 US Treasury Notes 10/25/2006 2 000 000 00 2 069 680 00 2 000 717 99 4 875 AAA 4 834 471 08/16/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2 000 000 00 2 025 160 00 1 997 746 10 4 625 AAA 4 909 152 09/30/2008 912828FV7 3473 US Treasury Notes 01/08/2007 2 000 000 00 2031 56000 2 000 691 09 4 875 AAA 4 795 183 10/31/2008 912828FM7 3476 US Treasury Notes 01/17/2007 2 000 000 00 2 017 340 00 2 000 380 18 5 000 AAA 4 883 91 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2 000 000 00 2031 56000 2 000 000 00 4 875 AAA 4 867 183 10/31/2008 912828ECO 3593 US Treasury Notes 12/14/2007 2 000 000 00 2 015 000 00 2 004 191 33 4 125 AAA 3 383 106 08/15/2008 912828FT2 3596 US Treasury Notes 12/14/2007 2 000 000 00 2 025 160 00 2 009 793 81 4 625 AAA 3 414 152 09/30/2008 912828FR6 3602 US Treasury Notes 12/28/2007 2 000 000 00 2021 56000 2 009 106 78 4 875 AAA 3 470 122 08/31/2008 912828FM7 3624 US Treasury Notes 02/20/2008 2 000 000 00 2 017 340 00 2 014 350 41 5 000 AAA 2099 91 07/31/2008 912828HB9 3635 US Treasury Notes 04/21/2008 2 000 000 00 2 049 220 00 2 049 606 39 4 000 AAA 2099 487 08/31/2009 Subtotal and Average 18 725 131 63 20 000 000 00 20 303 580 00 20 086 584 08 3 869 204 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2 000 000 00 2 032 060 00 1 961 20750 4200 Aaa 5 023 958 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2 000 000 00 2011 02000 1 994 562 23 4 400 Aa1 5 090 153 10/01/2008 Subtotal and Average 3 954 648 22 4 000 000 00 4 043 080 00 3 955 769 73 5 057 552 Commercial Paper Disc Amortizing 02581 RE25 3609 American Express 01/08/2008 2 000 000 00 1 999 860 00 1 999 778 33 3 990 P 1 4 098 1 05/02/2008 36969HE94 3611 General Electric Capital Corp 01/11/2008 2 000 000 00 1 998 740 00 1 998 280 00 3 870 P 1 3 975 8 05/09/2008 Subtotal and Average 3 991 72667 4 000 000 00 3 998 600 00 3 998 058 33 4 036 4 Federal Agency Disc Amortizing 313384F61 3634 Federal Home Loan Bank 04/18/2008 1 738 000 00 1 724 965 00 1 724 738 09 2050 AAA 2 125 134 09/12/2008 313396D83 3627 Federal Home Loan Mort Corp 03/18/2008 2 000 000 00 1 986 600 00 1 988 800 00 AAA 1 716 120 08/29/2008 313396D42 3628 Federal Home Loan Mort Corp 03/19/2008 2 000 000 00 1 987 200 00 1 988 980 00 1 710 AAA 1 747 116 08/25/2008 313396A94 3630 Federal Home Loan Mort Corp 03/31/2008 2 000 000 00 1 989 200 00 1 989 006 66 2040 AAA 2083 97 08/06/2008 313396K69 3633 Federal Home Loan Mort Corp 04/18/2008 2 000 000 00 1 981 40000 1 980 725 55 2090 AAA 2 171 166 10/14/2008 313396G49 3636 Federal Home Loan Mort Corp 04/21/2008 2 000 000 00 1 984 400 00 1 983 977 77 AAA 2 136 140 09/18/2008 313588B38 3600 Fed Nat i Mort Assoc 12/27/2007 2 000 000 00 1 989 000 00 1 978 550 00 3 900 AAA 4 111 99 08/08/2008 313588XZ3 3604 Fed Nat I Mort Assoc 12/31/2007 2 000 000 00 1 995 600 00 1 990 797 78 4 040 AAA 4 172 41 06/11/2008 313588K79 3632 Fed Nat I Mort Assoc 04/18/2008 2 000 000 00 1 981 20000 1 980 609 44 AAA 2 171 167 10/15/2008 Subtotal and Average 13 049 622 33 17 738 000 00 17 619 565 00 17 606 185 29 2 498 120 Portfolio CITY AP Run Date 05/09/2008 10 59 PM(PRF_PM2)SymRept 6 42 City of H13 Portfolio Management Page 5 Portfolio Details - Investments April 30, 2008 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 220 642 095 52 232 993 311 95 234 441 807 99 232 963 631 76 3 837 454 Portfolio CITY AP Run Date 05/09/2008 10 59 PM(PRF_PM2)SymRept 6 42 City of HB Portfolio Management Page 6 Portfolio Details - Cash April 30, 2008 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody s 365 Maturity Average Balance 000 Accrued Interest at Purchase 133 400 09 133 400 09 0 Subtotal 133 400 09 133 400 09 Total Cash and Investments 220 642 095 52 232 993 31195 234 575 208 08 233 097 03185 3 837 464 Portfolio CITY AP Run Date 05/09/2008 10 59 PM(PRF_PM2)SymRept 6 42 City of 1-113 Portfolio Management Page 7 Activity By Type April 1, 2008 through April 30, 2008 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues Coupon 31331YZS2 3629 Federal Farm Credit Bank 4 000 04/01/2008 2 000 000 00 000 31331YB25 3631 Federal Farm Credit Bank 2 625 04/07/2008 2 000 000 00 000 31331YF88 3637 Federal Farm Credit Bank 4 125 04/22/2008 1 993 400 00 000 31331YXN5 3640 Federal Farm Credit Bank 3 470 04/22/2008 1 995 625 00 000 3133MXEL9 3136 Federal Home Loan Bank 3 020 04/07/2008 000 2 000 000 00 31339YJE3 3164 Federal Home Loan Bank 3 320 04/28/2008 000 2 000 000 00 3133XMHA2 3565 Federal Home Loan Bank 4 700 04/03/2008 000 2 000 000 00 3133XNET2 3584 Federal Home Loan Bank 4 375 04/28/2008 000 2 000 000 00 3133XGEQ3 3641 Federal Home Loan Bank 5 250 04/23/2008 2 064 540 00 000 3133XQSZ6 3647 Federal Home Loan Bank 2200 04/25/2008 2 000 000 00 000 3128X3D91 3264 Federal Home Loan Mort Corp 3 560 04/25/2008 000 2 000 000 00 3128X6XZ4 3606 Federal Home Loan Mort Corp 4 400 04/11/2008 000 2 000 000 00 3128X6XZ4 3612 Federal Home Loan Mort Corp 4 400 04/11/2008 000 2 000 525 00 31359MXK4 3638 Fed Nat I Mort Assoc 3 750 04/22/2008 2 008 260 00 000 31398AQN5 3639 Fed Nat I Mort Assoc 3 050 04/28/2008 1 997 000 00 000 3136F9MN0 3643 Fed Nat Mort Assoc 4 000 04/29/2008 1 998 000 00 000 Subtotal 18 056 825 00 14 000 525 00 128 652 722 38 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 3 400 8 028 940 20 3 800 000 00 SYS2206 2206 LAIF Redevelopment Agency 3 400 311 19297 300 000 00 Subtotal 8 340 133 17 4 100 000 00 58 664 311 95 Treasury Securities Coupon 912828HB9 3635 US Treasury Notes 4 000 04/21/2008 2 050 625 00 000 Subtotal 2 050 625 00 000 20 086 584 08 Medium Term Notes Subtotal 3 955 769 73 Commercial Paper Disc Amortizing Subtotal 3 998 058 33 Federal Agency Disc Amortizing 313384F61 3634 Federal Home Loan Bank 2050 04/18/2008 1 723 451 49 000 313396K69 3633 Federal Home Loan Mort Corp 2090 04/18/2008 1 979 216 11 000 Portfolio CITY AP Run Date 05/09/2008 10 59 PM(PRF_PM3)SymRept 6 42 Report Ver 5 00 City of FIB Portfolio Management B e Page 8 Activity y Type April 1, 2008 through April 30, 2008 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Disc Amortizing 313396G49 3636 Federal Home Loan Mort Corp 04/21/2008 1 982 833 33 000 313588K79 3632 Fed Nat I Mort Assoc 04/18/2008 1 979 10000 000 Subtotal 7 664 600 93 000 17 606 185 29 Total 36 112 184 10 18 100 525 00 232 963 63176 Portfolio CITY AP Run Date 05/09/2008 10 59 PM(PRF_PM3)SymRept 6 42 City of FIB Portfolio Management Page 9 Activity Summary April 2007 through April 2008 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 2007 100 222 964 352 01 4 758 4 825 5 222 17 8 667 371 May 2007 105 242 517 495 45 4 801 4 867 5 248 10 5 634 342 June 2007 105 243 107 792 06 4 803 4 870 5 250 10 10 679 368 July 2007 99 234 531 828 66 4 792 4 859 5 255 7 13 740 398 August 2007 90 219 378 158 87 4 809 4 876 5 253 5 14 749 394 September 2007 87 210 473 705 74 4 807 4 874 5 231 8 11 747 389 October 2007 85 205 534 858 98 4 725 4 791 5 137 12 14 754 380 November 2007 77 202 206 117 59 4 690 4 755 4 962 9 17 698 371 December 2007 87 212 710 842 34 4 544 4 607 4 801 19 9 664 377 January 2008 91 233 636 809 52 4 409 4 470 4 620 15 11 667 407 February 2008 84 228 014 150 58 4 212 4 271 4 161 5 12 686 430 March 2008 81 219 765 603 57 4 027 4 083 3 777 5 8 695 439 April 2008 88 220 642 095 52 3 785 3 837 3 400 14 7 665 454 Average 91 222 738 827 71 4 551/6 4 614/ 4 794 10 11 696 394 Portfolio CITY AP Run Date 05/09/2008 10 59 PM(PRF_PM4)SymRept 6 42 Report Ver 5 00 Coty of BBB Portfolio Management Page 10 Distribution of Investments By Type April 2007 through April 2008 April May June July August September October November December January February March April Average Security Type 2007 2007 2007 2007 2007 2007 2007 2007 2007 2008 2008 2008 2008 by Period Repurchase Agreements _ Certificates of Deposit Commercial Paper Interest Bearing Federal Agency Issues Coupon 397 381 421 452 454 446 466 463 463 535 572 580 552 47 6% Local Agency Investment Funds 171 164 164 139 182 192 197 280 262 240 265 253 252 21 2% Treasury Securities Coupon 86 74 74 81 66 67 69 49 70 68 80 84 86 7 3% Medium Term Notes 1 7 16 16 1 8 1 9 1 9 1 9 1 9 1 7 1 7 1 8 1 8 1 7 1 8% Negotiable CD s Certificates of Deposit Bank Mortgage Backed Securities Bankers Acceptances Amortizing Commercial Paper Disc Amortizing 153 147 98 98 102 152 137 107 105 76 35 1 9 1 7 9 6% Federal Agency Disc Amortizing 59 81 81 71 75 57 83 73 83 64 31 46 76 6 8% Treasury Discounts_Amortizing 11 8 138 146 142 103 67 29 10- 5 8% Miscellaneous Discounts Amortizing Rolling Repurchase Agreements -- Portfolio CITY AP Run Date 05/09/2008 10 59 PM(PRF_PM5)SyrnRept 6 42 Report Ver 5 00 City of HB Portfolio Management Page 11 Interest Earnings Summary April 30, 2008 April 30 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments Interest Collected 509 733 33 3 365 389 99 Plus Accrued Interest at End of Period 1 504 660 91 1 504 660 91 Less Accrued Interest at Beginning of Period ( 1 475 755 19) ( 1 429 456 49) Less Accrued Interest at Purchase During Period ( 0 00) ( 0 00) Interest Earned during Period 538 639 05 3 440 594 41 Adjusted by Premiums and Discounts 23 186 12 836 069 00 Adjusted by Capital Gains or Losses 52500 1 79502 Earnings during Periods 561 30017 4 278 458 43 Pass Through Securities Interest Collected 000 000 Plus Accrued Interest at End of Period 000 000 Less Accrued Interest at Beginning of Period ( 0 00) ( 0 00) Less Accrued Interest at Purchase During Period ( 0 00) ( 0 00) Interest Earned during Period 000 000 Adjusted by Premiums and Discounts 000 000 Adjusted by Capital Gains or Losses 000 000 Earnings during Periods 000 000 Cash/Checking Accounts Interest Collected 590 133 17 1 686 475 26 Plus Accrued Interest at End of Period 160 058 80 160 058 80 Less Accrued Interest at Beginning of Period ( 592 104 31) ( 484 103 10) Interest Earned during Period 158 087 66 1 362 430 96 Total Interest Earned during Period 696 726 71 4 803 025 37 Total Adjustments from Premiums and Discounts 23 186 12 836 069 00 Total Capital Gams or Losses 52500 1 79502 Total Earnings during Period 719 387 83 5 640 889 39 Portfolio CITY AP Run Date 05/09/2008 10 59 PM(PRF_PM6)SyrnRept 6 42 Report Ver 5 00 State of California Pooled Money Investment Account Market Valuation 4/30/2003 M C � � i 'war I�(�ng Co$Ca iPIuS �� '"�d�"'r d� �� A", � I� �ti 4��uP� rI �iPtld��it Description ��fi'�Accru�edlnteres,,t"Purch FairValue >�'�Accruedlnteres�t United States Treasury Bills $ 1 340 973 555 57 $ 1 348 010 500 00 NA Notes $ 3 065 700 460 48 $ 3 051 270 000 00 $ 51 527 480 00 Federal Agency SBA $ 568 397 310 76 $ 565 211 249 98 $ 4 290 861 89 MBS REMICs $ 1 146 978 163 95 $ 1 154 037 010 07 $ 5 441 591 88 Debentures $ 4 647 025 827 35 $ 4 670 904 514 00 $ 103 623 599 45 Debentures FR $ 5 654 292 973 62 $ 5 648 697 880 00 $ 25 325 650 30 Discount Notes $ 14 773 012 394 47 $ 14 991 588 900 00 NA FHLMC PC $ 109 789 72 $ 112 146 77 $ 1 81211 GNMA $ 168 807 65 $ 190 657 83 $ 1 67374 CDs and YCDs FR $ 200 000 000 00 $ 200 000 000 00 $ 1 664 690 00 Bank Notes $ 1 105 000 000 00 $ 1 104 492 118 80 $ 4 636 325 00 CDs and YCDs $ 15 110 071 761 72 $ 15 109 154 519 80 $ 82 730 750 68 Commercial Paper $ 6 900 380 488 96 $ 6 914 033 997 80 NA Corporate Bonds FR $ 129 081 571 14 $ 127 179 284 00 $ 518 206 38 Bonds $ 123 534 783 58 $ 125 156 88148 $ 977 885 40 Repurchase Agreements $ NA Reverse Repurchase $ $ $ Time Deposits $ 9 625 500 000 00 $ 9 625 500 000 00 NA AB 55 & GF Loans $ 9 098 005 325 60 $ 9 098 005 325 60 NA TOTAL $ 73 488 233 214 57 $ 73 733 544 986 13 1 $ 280 740 526 83 Fair Value Including Accrued Interest $ 74 014 285 512 96 Repurchase Agreements Time Deposits AB 55&General Fund loans and Reverse Repurchase agreements are carried at portfolio book value(carrying cost) ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of March 31 2008 Summary of investments by type Market Value Market Value Par Value Investment Type as of 2/29/08 as of 3/31/08 $5 754 935 Local Agency Investment Fund (LAIF) $5 754 966 $5 754 935 $0 Federal Agency Issues $0 $0 $8 236 305 Investment Agreements $8 236 244 $8 236 305 $2 082 516 Money Market Funds $4 090 474 $2 082 516 $0 US Treasury Securities $0 $0 $16 073 756 $18 081 684 $16 073 756 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 2/29/08 as of 3/31/08 $2 512 905 City of Huntington Beach 2004 Judgment Obligation Bonds(Property Tax Refunds) $2 512 459 $2 512 905 $2 118 537 City of Huntington Beach 2003 1 Community Facilities District(Huntington Center Bella Terra) $2 788 449 $2 118 537 $1 649 595 Redevelopment Agency of Huntington Beach 2002 Tax Allocation Refunding Bonds $1 649 541 $1 649 595 $503 236 Huntington Beach Community Facilities District No 2002 1 (McDonnell Centre Business Park) $651 921 $503 236 $2 042 728 Huntington Beach PFA 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2 755 041 $2 042 728 $2 696 713 Huntington Beach PFA 2001 Series B(1993 Civic Center&Police Administration Bldg Refinance) $2 696 570 $2 696 713 $1 276 057 City of Huntington Beach 2001 Community Facilities District(Grand Coast Hyatt) $1 745 261 $1 276 057 $215 427 City of Huntington Beach 90 1 Community Facilities District Special Tax Refunding $177 094 $215 427 $1 440 119 Huntington Beach PFA 2000 Series A(Water System Impv Beach Mnt Facility Energy Retrofit SB Phase 1) $1 487 603 $1 440 119 $763 147 Redevelopment Agency of Huntington Beach 1999 Tax Allocation Refunding Bonds $763 177 $763 147 $680 631 Huntington Beach Public Finance Authority Lease Revenue Bonds 1997 Public Facilities Project $680 372 $680 631 $174 661 City of Huntington Beach Multi Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $174 196 $174 661 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $16 073 756 $18 081 684 $16 073 756 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (12-31-07) Transfers (change in value) Balance (3-31-08) ICMA Retirement Corporation (457 Plan) $27 022 718 $471 932 ($869 251) ($1 405 239) ($284) $25 219 876 ICMA Retirement Corporation (401 Plan) $903 515 $27 138 ($2 978) ($44 817) $0 $882 858 Nationwide Retirement Solutions (457 Plan) $56 323 396 $1 089 586 ($1 233 877) ($2 633 903) ($225) $53 544 977 Total Deferred Compensation Plan Balances $84 249 629 $1 588 656 ($2 106 106) ($4 083 959) ($509) $79 647 711 ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information as of March 31, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (12-31-07) Transfers (change in value) Balance (3-31-08) CaIPERS Retiree Medical Trust Account $0 $8 894 838 $0 $6 774 $0 $8 901 612 ATTACHMENT #5 Treasurer's Report rt ® Shari L. Freidenr®ch, CPA, CC MT, CPFA, CPFI A&--r- rsl Treasurer I s �K� eport ® � V, ®® 17 t 90°� P �► Shari L. Freidenrich , CPA, CCMT CPFA, June 16, 2008 Treasurer's Report - Shari L. Freidenrich, CPA, CC MT, CPFA, C Fi Financial Information March April Inc /(Dec ) End of Month City Portfolio $214 929 $232 964 $18 035 End of Month Market Value $216 798 $234 442 $17 644 Interest Earned for Month $0 765 $0 719 ($0 046) Earned Interest Yield Year to Date 4 53% 4 45% -0 08% Average Maturity ( in days) 439 454 15 YTD Average Daily Balance $216 938 $217 460 $0 522 Summary by Type April % of Total Policy Limit Days to Mat Rate Federal Agy - Coupon $128 653 55% None 757 4 17% LAIF (State Pool) $58 664 25% 60% 1 3 40% U S Treasury Notes $20 087 9% None 204 3 87% Medium Terre Notes $3 956 2% 20% 552 5 06% Discount Comm Paper $3 998 2% 25% 4 4 04% Discount Federal Agy $17 606 7% None 120 2 50% Total $232 964 100% 454 3 84% RCA ROUTING SHEET INITIATING DEPARTMENT City Treasurer SUBJECT April 2008 Investment Summary Report COUNCIL MEETING DATE June 16 2008 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ Signed in full by the City Attomey) Not Applicable Subleases Third Party Agreements etc Attached El (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attomey) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted over $5 000) Attached ❑ Not Applicable Bonds (if applicable) Attached Not Applicable Staff Report (If applicable) Attached Not Applicable ❑ Commission Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff ( ( ) Deputy City Administrator Initial City Administrator Initial City Clerk ( ) EXPLANATION FOR RETURN OF ITEM ®w $pjc0 FgrCity • RCA Author SLF 07 Council/Agency Meeting Held: Deferred/Continued to: Appr ve ❑ Conditionally Approved ❑ Denied C* Cler s Sign re Council Meeting Date: 5/5/2008 Departmen ID Number: CT08-10 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBER_SS �- SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURi PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASU�W"�' SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MARCH 2O08 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 March 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for March 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 5/5/2008 DEPARTMENT ID NUMBER: CT08-10 Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for March 2008 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. March 2008 PowerPoint Presentation -2- 4/17/2008 9:48 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for March 2008 City Investment Portfolio: February March Inc./(Dec.) End of month City Portfolio Balance $225,046,885 $214,928,787 ($10,118,098) End of month General Fund Balance $37,043,380 $36,680,138 ($363,242) Monthly Effective Rate of Return 4.43% 4.10% -0.33% Average Maturity ( in days) 430 439 9 End of Month Market Value $226,922,152 $216,797,539 ($10,124,613) End of month bank cash balance $3,043,788 $4,385,146 $1,341,358 Bond Proceeds Investments:* January February Inc./(Dec.) End of Month Bond Reserve Par Value $18,101,972 $18,081,684 ($20,288) End of Month Bond Reserve Market Value $18,101,972 $18,081,684 ($20,288) Deferred Compensation Investments:** December. March Inc./(Dec.) Participant Balances $84,249,629 $79,647,711 ($4,601,918) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $505,167 $764,620 $259,453 Interest Earned Year to Date $3,031,002 $4,922,377 $1,891,375 Earned Interest Yield Year to Date 4.85% 4.53% -0.32% *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. March % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $124,605,442 58% None 699 4.29% Local Agency Inv. Fund (LAIF) $54,424,179 25% 60 million 1 3.78% Treasury Securities -Coupon $18,046,907 8% None 202 4.07% Medium Term Notes $3,953,450 2% 20% 582 5.06% Commercial Paper Disc. -Amortizing $3,984,958 2% 25% 34 4.04% Federal Agency Disc. -Amortizing $9,913,851 5% None 125 2.76% $214,928,787 100% 439 4.08% NTING O H�UPPOgA/F0 '" City of Huntington Beach = City of HB 2000 Main St Huntington Beach 9 -< z Portfolio Management Portfolio Summary Y CPS ry UNT March 31, 2008 Investments Par Market Book %of Days to YTM YTM Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 124,591,000.00 126,054,599.79 124,605,442.28 57.98 1,075 699 4.235 4.294 Local Agency Investment Funds 54,424,178.78 54,424,178.78 54,424,178.78 25.32 1 1 3.725 3.777 Treasury Securities-Coupon 18,000,000.00 18,328,140.00 18,046,906.68 8.40 505 202 4.014 4.070 Medium Term Notes 4,000,000.00 4,071,660.00 3,953,449.36 1.84 1,057 582 4.988 5.057 Commercial Paper Disc.-Amortizing 4,000,000.00 3,989,360.00 3,984,958.33 1.85 117 34 3.981 4.036 Federal Agency Disc.-Amortizing 10,000,000.00 9,929,600.00 9,913,851.11 4.61 168 125 2.726 2.764 Investments 215,015,178.78 216,797,538.57 214,928,786.54 100.00% 695 439 4.027 4.083 Cash and Accrued Interest Accrued Interest at Purchase 89,223.52 89,223.52 Subtotal 89,223.52 89,223.52 Total Cash and Investments 215,015,178.78 216,886,762.09 215,018,010.06 695 439 4.027 4.083 Total Earnings March 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 764,619.56 4,922,377.49 Current Budget 505,167.00 3,031,002.00 6,062,004.00 Last Year Actual 863,969.00 4,755,438.00 10,317,142.00 Average Daily Balance 219,765,603.57 216,938,171.81 Effective Rate of Return 4.10% 4.53% 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 November 5,2007. 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 Interactive Data Corporation. y. ZI _08 L. FREIDENFXCH, CPA,CITY TREASURER Reporting period 03/01/2008-03/31/2008 Portfolio CITY AP Run Date:04/10/2008-16:48 PM(PRF_PM1)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments March 31, 2008 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 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 2,006,880.00 2,000,000.00 4.000 AAA 4.000 258 12/15/2008 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,065,000.00 1,997,770.11 5.050 AAA 5.150 433 06/08/2009 31331XE57 3542 Federal Farm Credit Bank 06/18/2007 2,000,000.00 2,016,260.00 2,000,000.00 5.850 AAA 5.850 1,539 06/18/2012 31331YRF9 3620 Federal Farm Credit Bank 02/05/2008 2,000,000.00 2,002,500.00 2,000,000.00 3.500 AAA 3.500 856 08/05/2010 31331YQW3 3621 Federal Farm Credit Bank 02/04/2008 2,000,000.00 2,006,880.00 2,000,000.00 3.150 AAA 3.150 674 02/04/2010 31331YRE2 3623 Federal Farm Credit Bank 02/05/2008 2,000,000.00 2,001,880.00 2,000.000.00 3.200 AAA 3.200 491 08/05/2009 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 2,000,000.00 2,000,000.00 3.020 AAA 3.020 6 04/07/2008 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 2,001,260.00 2,000,000.00 3.320 AAA 3.320 118 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 2.900 119 07/29/2008 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 2,005,620.00 2,000,000.00 5.500 AAA 5.500 948 11/05/2010 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,027,500.00 2,000,000.00 5.700 AAA 5.700 1,241 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 2,030,620.00 2,000.000.00 5.430 AAA 5.430 1,269 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,085,620.00 2,000,000.00 5.300 AAA 5.300 1,262 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,036,260.00 2,000,000.00 5.250 AAA 5.250 581 11/03/2009 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2,000,000.00 2,016,880.00 2,000,000.00 5.150 AAA 5.150 836 07/16/2010 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2,051,880.00 2,000,000.00 5.300 AAA 5.300 1,228 08/12/2011 3133XLC50 , 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,080,620.00 2.000,000.00 5.550 AAA 5.550 1,533 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000.000.00 2,073,120.00 1,997,243.06 5.350 AAA 5.419 805 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,148,760.00 2,000,000.00 5.600 AAA 5.600 1,571 07/20/2012 3133XMHA2 3565 Federal Home Loan Bank 10/03/2007 2,000,000.00 2,000,000.00 2,000,000.00 4.700 AAA 4.700 185 10/03/2008 3133MEUC3 3577 Federal Home Loan Bank 11/02/2007 2,000,000.00 2,008,120.00 2,002,995.65 5.750 AAA 4.492 44 05/15/2008 3133XN4G1 3578 Federal Home Loan Bank 11/23/2007 2,000,000.00 2,005,620.00 2,000,000.00 4.360 AAA 4.360 52 05/23/2008 3133XNBW8 3579 Federal Home Loan Bank 11/26/2007 2,000,000.00 2,019,380.00 2,000,000.00 4.625 AAA 4.625 1,242 08/26/2011 3133XNEL9 3583 Federal Home Loan Bank 11/26/2007 2,000,000.00 2,005,000.00 2,000,000.00 4.335 AAA 4.335 52 05/23/2008 3133XNET2 3584 Federal Home Loan Bank 11/28/2007 2,000,000.00 2,002,500.00 2,000,000.00 4.375 AAA 4.375 27 04/28/2008 3133XNCK3 3585 Federal Home Loan Bank 11/26/2007 2,000,000.00 2,018,760.00 2,000,000.00 4.600 AAA 4.600 1,242 08/26/2011 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,068,120.00 2,000,000.00 4.500 AAA 4.500 1,721 12/17/2012 3133XNQT9 3589 Federal Home Loan Bank 12/26/2007 2,000,000.00 2,023,120.00 2,000,000.00 4.550 AAA 4.550 1,273 09/26/2011 3133XNR92 3590 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,018,760.00 2,000,000.00 4.375 AAA 4.375 899 09/17/2010 3133XNSR1 3594 Federal Home Loan Bank 12/18/2007 2,000,000.00 2,007,500.00 2,000,000.00 4.250 AAA 4.250 78 06/18/2008 3133XM2H3 3601 Federal Home Loan Bank 12/28/2007 2,000,000.00 2,018,760.00 2,005,488.10 4.885 AAA 4.149 141 08/20/2008 3133XNVQ9 3605 Federal Home Loan Bank 01/07/2008 2,000,000.00 2,020,620.00 2,000,000.00 4.375 AAA 4.375 919 10/07/2010 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,053,120.00 2,000,000.00 4.200 AAA 4.200 1,750 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,050,620.00 2,000,000.00 4.150 AAA 4.150 1,764 01/29/2013 3133XCSA2 3616 Federal Home Loan Bank 01/14/2008 2,000,000.00 2,016,260.00 2,006.534.71 4.250 AAA 3.498 164 09/12/2008 31339YVV1 3618 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,005,620.00 1,998,900.00 3.375 AAA 3.557 111 07/21/2008 Portfolio CITY AP Run Date:04/10/2008-16:48 PM(PRF_PM2)SymRepl 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments March 31, 2008 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 3133XOLJ6 3619 Federal Home Loan Bank 01/14/2008 2,000.000.00 2.010,000.00 2,001,486.07 3.750 AAA 3.542� 136 08/15/2008 3133XPB29 3622 Federal Home Loan Bank 02/13/2008 2,000,000.00 2,005,620.00 1,986,373.33 3.850 AAA 4.006 1,779 02/13/2013 3128X31391 3264 Federal Home Loan Mort Corp 10/25/2004 2.000,000.00 2,001,480.00 2,000,000.00 3.560 AAA 3.560 24 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,059,080.00 2,000,000.00 4.125 AAA 4.125 596 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 2,003,280.00 2,000,000.00 3.600 AAA 3.600 51 05/22/2008 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 2,026,260.00 1,998,594.44 5.250 AAA 5.273 1,283 10/06/2011 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2,000,000.00 2,012,340.00 2,000,000.00 5,050 AAA 5.050 626 12/18/2009 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 2,045,600.00 2,000,000.00 5.250 AAA 5.250 1,367 12/29/2011 3128X4MQ1 3571 Federal Home Loan Mort Corp 10/15/2007 2,000,000.00 2,019,380.00 1,997,927.66 4.480 AAA 4.706 171 09/19/2008 3128X6WC6 3597 Federal Home Loan Mort Corp 12/24/2007 2,000,000.00 2,019,720.00 2.000,000.00 4.450 AAA 4.450 906 09/24/2010 3128X6XZ4 3606 Federal Home Loan Mort Corp 01/11/2008 2,000,000.00 2,001,260.00 2,000,000.00 4.400 AAA 4.400 650 01/11/2010 3128X6YJ9 3608 Federal Home Loan Mort Corp 01/09/2008 2,000,000.00 2,033,800.00 2,000,000.00 4.500 AAA 4.500 1,744 01/09/2013 3128X6XZ4 3612 Federal Home Loan Mort Corp 01/11/2008 2,000,000.00 2,001.260.00 2,000,533.33 4.400 AAA 4.384 650 01/11/2010 3128X1VYO 3613 Federal Home Loan Mort Corp 01/11/2008 2,900,000.00 2,913,369.00 2,901,372.30 3.690 AAA 3.554 134 08/13/2008 3134A4UD4 3615 Federal Home Loan Mort Corp 01/14/2008 2,000,000.00 2,011,260.00 2,001,184.07 3.625 AAA 3.487 167 09/15/2008 3128X7CK8 3626 Federal Home Loan Mort Corp 03/24/2008 2,000,000.00 2,006,880.00 2,000,000.00 3.100 AAA 3.100 906 09/24/2010 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 2,003,120.00 1,999.825.00 3.250 AAA 2.052 64 06/04/2008 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 2,003,760.00 2,000,000.00 3.700 AAA 3.700 52 05/23/2008 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 10/27/2006 2,000,000.00 2,036,880.00 2,000,000.00 5.375 AAA 5.375 1,304 10/27/2011 31359ME41 3586 Fed.Nat'l Mort.Assoc. 12/12/2007 2,850,000.00 2,863,366.50 2,847,244.73 3.875 AAA 4.212 105 07/15/2008 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,056,260.00 2,000,000.00 4.600 AAA 4.600 1,718 12/14/2012 31359MZH9 3592 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,024,380.00 2,005,156.15 4.500 AAA 4.003 197 10/15/2008 31359MX40 3614 Fed.Nat'l Mort.Assoc. 01/14/2008 2,000,000.00 2,026,880.00 2,013,351.37 5.000 AAA 3.497 167 09/15/2008 31359ME41 3617 Fed.NaCl Mort.Assoc. 01/15/2008 2,841,000.00 2,854,324.29 2,843,462.20 3.875 AAA 3.570 105 07/15/2008 31398ANH1 3625 Fed.Nat'l Mort.Assoc. 03/17/2008 2,000,000.00 2,012,500.00 2,000,000.00 3.250 AAA 3.249 1,060 02/25/2011 Subtotal and Average 126,802,360.77 124,591,000.00 126,054,599.79 124,605,442.28 4.294 699 Local Agency Investment Funds SYS982 982 Laif City 24,469.328.92 24,469.328.92 24,469,328.92 3.777 NR 3.777 1 SYS2206 2206 LAIF-Redevelopment Agency 29,954.849.86 29,954,849.86 29,954,849.86 3.777 NR 3.777 1 Subtotal and Average 58,208,049.75 54,424,178.78 54,424,178.78 54,424,178.78 3.777 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,089,680.00 2,000,763.72 4.875 AAA 4.834 501 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 2,031,720.00 1,997,301.26 4.625 AAA 4.909 182 09/30/2008 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 2,040,160.00 2,000,804.38 4.875 AAA 4.795 213 10/31/2008 Portfolio CITY Run Date:04/10/2008-16:48 AP PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Investments March 31, 2008 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 912828FM7 3476 US Treasury Notes 01/17/2007 2,000,000.00 2,023,600.00 2,000,505.51 5.000 AAA 4.883 121 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 2,040,160.00 2,000,000.00 4.875 AAA 4.867 213 10/31/2008 91282BECO 3593 US Treasury Notes 12/14/2007 2,000,000.00 2,019,380.00 2,005,377.55 4.125 AAA 3.383 136 08/15/2008 912828FT2 3596 US Treasury Notes 12/14/2007 2,000,000.00 2,031,720.00 2,011,726.80 4.625 AAA 3.414 182 09/30/2008 912828FR6 3602 US Treasury Notes 12/28/2007 2,000,000.00 2.028,120.00 2,011,346.15 4.875 AAA 3.470 152 08/31/2008 912828FM7 3624 US Treasury Notes 02/20/2008 2,000,000.00 2,023,600.00 2.019,081.31 5.000 AAA 2.099 121 07/31/2008 Subtotal and Average 18,051,871.19 18,000,000.00 18,328,140.00 18,046,906.68 4.070 202 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,060,560.00 1,959,974.69 4.200 Aaa 5.023 988 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 2,011,100.00 1,993,474.67 4.400 Aa1 5.090 183 10/01/2008 Subtotal and Average 3,952,364.03 4,000,000.00 4,071,660.00 3,953,449.36 5.057 582 Commercial Paper Disc.-Amortizing 02581RE25 3609 American Express 01/08/2008 2,000,000.00 1,995,220.00 1,993,128.33 3.990 P-1 4.098 31 05/02/2008 36959HE94 3611 General Electric Capital Corp 01/11/2008 2,000,000.00 1,994,140.00 1,991,830.00 3.870 P-1 3.975 38 05/09/2008 Subtotal and Average 5,847,664.03 4,000,000.00 3,989,360.00 3,984,958.33 4.036 34 Federal Agency Disc.-Amortizing 313396D83 3627 Federal Home Loan Mort Corp 03/18/2008 2,000.000.00 1,983,000.00 1,986,000.00 AAA 1.716 150 08/29/2008 313396D42 3628 Federal Home Loan Mort Corp 03/19/2008 2,000,000.00 1,983,600.00 1,986,130.00 1.710 AAA 1.747 146 08/25/2008 313396A94 3630 Federal Home Loan Mort Corp 03/31/2008 2,000,000.00 1,985,600.00 1,985,606.66 2.040 AAA 2.083 127 08/06/2008 31358BB38 3600 Fed.Nat'l Mort.Assoc. 12/27/2007 2,000,000.00 1,985,400.00 1,972,050.00 3.900 AAA 4.111 129 08/08/2008 313588XZ3 3604 Fed.Nat'l Mort.Assoc. 12/31/2007 2,000,000.00 1,992,000.00 1,984,064.45 4.040 AAA 4.172 71 06/11/2008 Subtotal and Average 6,903,293.80 10,000,000.00 9,929,600.00 9,913,851.11 2.764 125 Total and Average 219,765,603.57 215,015,178.78 216,797,538.57 214,928,786.54 4.083 439 Portfolio CITY Run Date:04/10/2008-16:48 AP PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 5' Portfolio Details - Cash March 31, 2008 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 89,223.52 89,223.52 0 Subtotal 89,223.52 89.223.52 Total Cash and Investments 219,765,603.57 215,015,178.78 216,886,762.09 215,018,010.06 4.083 439 Portfolio CITY AP Run Date:04/10/2008-16:48 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 6 Activity By Type March 1, 2008 through March 31, 2008 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331YKRO 3599 Federal Farm Credit Bank 4.350 03/26/2008 0.00 2,000,000.00 3133XM6S5 3557 Federal Home Loan Bank 5.125 03/04/2008 0.00 2,000,000.00 3128X1 RJ8 3158 Federal Home Loan Mort Corp 3.000 03/17/2008 0.00 2,000,000.00 3128X7CK8 3626 Federal Home Loan Mort Corp 3.100 03/24/2008 2,000,000.00 0.00 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 3.610 03/30/2008 0.00 2,000,000.00 31398ANH1 3625 Fed.Nat'l Mort.Assoc. 3.250 03/17/2008 2,000,000.00 0.00 Subtotal 4,000,000.00 8,000,000.00 124,605,442.28 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 3.777 4,400,000.00 9,500,000.00 Subtotal 4,400,000.00 9,500,000.00 5.4,424,178.78 Treasury Securities-Coupon Subtotal 18,046,906.68 Medium Term Notes Subtotal 3,953,449.36 Commercial Paper Disc.-Amortizing 36959HCE5 3581 General Electric Capital Corp 4.540 03/14/2008 0.00 2,000,000.00 61745ACHO 3560 Morgan Stanley Dean Witter 5.010 03/17/2008 0.00 2,000,000.00 Subtotal 0.00 4,000,000.00 3,984,958.33 Federal Agency Disc.-Amortizing 313384UK3 3572 Federal Home Loan Bank 4.550 03/17/2008 0.00 1,000,000.00 313396D83 3627 Federal Home Loan Mort Corp 03/18/2008 1,984,693.33 0.00 313396D42 3628 Federal Home Loan Mort Corp 1.710 03/19/2008 1,984,895.00 0.00 313396A94 3630 Federal Home Loan Mort Corp 2.040 03/31/2008 1.985.493.33 0.00 313588UD5 3603 Fed.Nat'l Mort.Assoc. 4.220 03/11/2008 0.00 2,000,000.00 Subtotal 5,955,081.66 3,000,000.00 9,913,851.11 Total 14,355,081.66 24,500,000.00 214,928,786.54 Portfolio CITY AP Run Date:04/10/2008-16:48 PM(PRF_PM3)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary March 2007 through March 2008 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 2007 91 215,541,134.27 4.702 4.767 5.214 11 14 729 417 April 2007 100 222,964,352.01 4.758 4.825 5.222 17 8 667 371 May 2007 105 242,517,495.45 4.801 4.867 5.248 10 5 634 342 June 2007 105 243,107,792.06 4.803 4.870 5.250 10 10 679 368 July 2007 99 234,531,828.66 4.792 4.859 5.255 7 13 740 398 August 2007 90 219,378,158.87 4.809 4.876 5.253 5 14 749 394 September 2007 87 210,473,705.74 4.807 4.874 5.231 8 11 747 389 October 2007 85 205,534,858.98 4.725 4.791 5.137 12 14 754 380 November 2007 77 202,206,117.59 4.690 4.755 4.962 9 17 698 371 December 2007 87 212,710,842.34 4.544 4.607 4.801 19 9 664 377 January 2008 91 233,636,809.52 4.409 4.470 4.620 15 11 667 407 February 2008 84 228,014,150.58 4.212 4.271 4.161 5 12 686 430 March 2008 81 219,765,603.57 4.027 4.083 3.777 5 8 695 439 Average 91 222,335,234.43 4.622% 4.686% 4.933 10 11 701 391 Portfolio CITY AP Run Date:04/10/2008-16:48 PM(PRF_PM4)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type March 2007 through March 2008 March April May June July August September October November December January February March Average Security Type 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2008 2008 2008 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 45.0 39.7 38.1 42.1 45.2 45.4 44.6 46.6 46.3 46.3 53.5 57.2 58.0 46.8% Local Agency Investment Funds 18.2 17.1 16.4 16.4 13.9 18.2 19.2 19.7 28.0 26.2 24.0 26.5 25.3 20.7% Treasury Securities-Coupon 9.3 8.6 7.4 7.4 8.1 6.6 6.7 6.9 4.9 7.0 6.8 8.0 8.4 7.4% Medium Term Notes 1.8 1.7 1.6 1.6 1.8 1.9 1.9 1.9 1.9 1.7 1.7 1.8 1.8 1.8% Negotiable CD's Certificates of Deposit-Bank _Mortgage Backed Securities , Bankers Acceptances-Amortizing --- -- ---- ----- --- - ---- -- -------------------- --- --- Commercial Paper Disc.-Amortizing 16.6 15.3 14.7 9.8 9.8 10.2 15.2 13.7 10.7 10.5 7.6 3.5 1.9 10.7% Federal Agency Disc.-Amortizing 0.9 5.9 8.1 8.1 7.1 7.5 5.7 8.3 7.3 8.3 6.4 3.1 4.6 6.2% Treasury Discounts-Amortizing 8.2 11.8 13.8 14.6 14.2 10.3 6.7 2.9 1.0 6.4% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:04/10/2008-16:48 PM(PRF_PM5)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 9 Interest Earnings Summary March 31, 2008 March 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 424,489.24 2,855,656.66 Plus Accrued Interest at End of Period 1,475,755.19 1,475,755.19 Less Accrued Interest at Beginning of Period ( 1,349,168.68) ( 1,429,456.49) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 551,075.75 2,901,955.36 Adjusted by Premiums and Discounts 26,820.35 812,882.88 Adjusted by Capital Gains or Losses 0.00 2,320.02 Earnings during Periods 577,896.10 3,717,158.26 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 0.00 1,096,342.09 Plus Accrued Interest at End of Period 592,980.24 592,980.24 Less Accrued Interest at Beginning of Period ( 406,256.78) ( 484,103.10) Interest Earned during Period 186,723.46 1,205,219.23 Total Interest Earned during Period 737,799.21 4,107,174.59 Total Adjustments from Premiums and Discounts 26,820.35 812,882.88 Total Capital Gains or Losses 0.00 2,320.02 Total Earnings during Period 764,619.56 4,922,377.49 Portfolio CITY AP Run Date:04/10/2008-16:48 PM(PRF_PM6)SymRept 6.42 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 3/31/2008 ,`. Carrying Cost Plus s . . Descriptiom. ,_`P, ' Accrued Interest Purch....'t"Arriortized Cost Fair Value. Accrued Interest, United States Treasury: Bills $ 1,340,973,555.57 $ 1,344,286,527.79 $ 1,346,431,500.00 NA Notes $ 1,812,293,186.24 $ 1,812,293,186.24 $ 1,816,596,000.00 $ 23,315,940.00 Federal Agency: SBA $ 560,469,166.83 $ 560,443,525.71 $ 558,797,994.19 $ 4,284,182.02 MBS-REMICs $ 1,161,433,145.92 $ 1,161,433,145.92 $ 1,178,918,871.62 $ 5,506,364.03 Debentures $ 4,966,209,074.52 $ 4,960,793,484.25 $ 5,013,008,193.00 $ 98,983,988.31 Debentures FR $ 5,377,254,402.65 $ 5,372,765,500.64 $ 5,370,803,240.00 $ 27,244,910.79 Discount Notes $ 9,984,442,741.67 $ 10,160,975,063.90 $ 10,195,210,500.00 NA FHLMC PC $ 139,181.63 $ 139,181.63 $ 144,248.02 $ 2,290.66 GNMA $ , 172,625.63 $ 172,625.63 $ 203,197.38 $ 1,712.58 CDs and YCDs FR $ 200,000,000.00 $ 200,000,000.00 $ 200,000,000.00 $ 1,109,793.33 Bank Notes $ 1,100,000,000.00 $ 1,100,000,000.00 $ 1,100,165,515.75 $ 7,156,923.61 CDs and YCDs $ 12,351,068,494.86 $ 12,350,170,494.86 $ 12,358,239,375.65 $ 76,489,673.65 Commercial Paper $ 4,200,790,610.99 $ 4,210,483,131.90 $ 4,210,617,777.79 NA Corporate: Bonds FR $ 129,113,970.52 $ 129,084,579.52 $ 127,517,830.00 $ 398,996.88 Bonds $ 156,192,296.10 $ 156,192,296.10 $ 158,259,835.92 $ 1,746,182.08 Repurchase Agreements $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 9,444,795,000.00 $ 9,444,795,000.00 $ 9,444,795,000.00 NA AB 55&GF Loans $ 12,166,553,565.40 $ 12,166,553,565.40 $ 12,166,553,565.40 NA TOTAL $ 64,951,901,018.53 $ 65,130,581,309.48 $ 65,246,262,644.72 $ 246,240,957.94 Fair Value Including Accrued Interest $ 65,492,503,602.66 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(1.001776145). 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 $20,035,522.89 or$20,000,000.00 x 1.001776145. ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of February 29, 2008 Summary of investments by type Market Value Market Value Par Value Investment Type as of 1/31/08 as of 2/29/08 $5,754,966 Local Agency Investment Fund(LAIF) $5,721,023 $5,754,966 $0 Federal Agency Issues $0 $0 $8,236,244 Investment Agreements $8,190,455 $8,236,244 $4,090,474 Money Market Funds $4,190,494 $4,090,474 $0 US Treasury Securities $0 $0 $18,081,684 $18,101,972 $18,081,684 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 1/31/08 as of 2/29/08 $2,512,459 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $3,427,463 $2,512,459 $2,788,449 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,119,949 $2,788,449 $1,649,541 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $2,035,122 $1,649,54.1 $651,921 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $508,156 $651,921 $2,755,041 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,045,916 $2,755,041 $2,696,570 Huntington Beach PFA- 2001 Series B (1993 Civic Center&Police Administration Bldg. Refinance) $3,133,360 $2,696,570 $1,745,261 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,273,473 $1,745,261 $177,094 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $177,092 $177,094 $1,487,603 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SIB Phase 1) $1,601,928 $1,487,603 $763,177 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $935,981 $763,1.77 $680,372 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $680,015 $680,372 $174,196 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $163,517 $174,196 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $18,081,684 $18,101,972 $18,081,684 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (12-31-07) Transfers (change in value) Balance (3-31-08) ICMA Retirement Corporation (457 Plan) $27,022,718 $471,932 ($869,251) ($1,405,239) ($284) $25,219,876 ICMA Retirement Corporation (401 Plan) $903,515 $27,138 ($2,978) ($44,817) $0 $882,858 Nationwide Retirement Solutions (457 Plan) $56,323,396 $1,089,586 ($1,233,877) ($2,633,903) ($225) $53,544,977 Total Deferred Compensation Plan Balances $84,249,629 $1,588,656 ($2,106,106) ($4,083,959) ($509) $79,647,711 ATTAC H M E N T #4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM MARCH TREASURER'S REPORT ® w O 1 Shari L . Freidenrich , CPA, CCMT, CPFA, CPFIM May 5, zoos Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Balance Trends Portfolio Balances by Type $120M $168M $195M $215M $228M $215M 100% 80% ■ US Treas ® M ed Notes 60% a LAI F 40% � � El Fed Ag. `P v 0 CP 20% i 0% Mar-04 Mar-05 Mar-06 Mar-07 Dec-07 Mar-08 Slide 2 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Percentages By Type of Investment Commercial Federal Agencies Paper 58% 2% N Fed. Agcy - Discount x `6 ;. O s " I." Treasury Sec. 8% Medium Term Notes 2% LAIF 25% Slide 3 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Liquidity Investment Maturities by Days, Ending March 2007/2008 ■ 1 Day 50% ❑ 2-180 Days 40% ° 32% E1 .5 - 1 Yr. ® ® is - 1 .5Yr. 30% ■ 1 .5 - 2Yr. ❑ 2 - 3Yr. 200 0 9% 7% 8% /0 o 8 ■ 3 - 4 Yr. 9 10% ° ❑ 4 - 5Yr. 0 /o o ® � 19% 7% 9% 6% 25% 8% 6% 9% 2007 2008 Slide 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $35,000,000 $4,700,000 $4,300,000 $20,000,000 $5,000,000 ($10,000,000) awmi 10 400 000 ($25,000,000) ($1159009000) ($14,800,000) ($40,000,000) ($551000,000) ($61 ,700,000) IMP NOV ($7090009000) Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Net Cash =Whaturing 1nvesfinment-s I �unc! N.et Cash Io�nr Slide 5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Yields Trends ME Mont�hl� field -�- Montghly LAIF Yield 0 ° 4.52% 4.72°0 4.89% 4.63% 5.00% 3.730/ ° 4.00% -- 3.00% -- 2.00% -- 1 .00% -- -1 F1 F1 F1 1-1 0.00% Mar-06 Dec-06 Mar-07 Jun-07 Dec-07 Mar-08 Slide 6 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Summary of Investment by City Fund $1,000,000 $34,000,000 $37 000 000 .k GenerFal w $4,000,000x e a� a '� �apita,l $27,000,000 �_� O Debt Seruice ` ■ Ente�r,prise r ❑��,i�uciary ® Specia;l Reuenue . $223000,000 $92,000,000 Slide 7 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Summary • Recommendation to City Council Slide 8 RCA ROUTING SHEET INITIATING DEPARTMENT: city Treasurer SUBJECT: March 2008 Investment Summary Report COUNCIL MEETING DATE: May 5, 2008 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Ap licable E Tract Map, Location Map and/or other Exhibits Attached ❑ Not Ap licable Contract/Agreement (w/exhibits if applicable) Attached (Signed in full by the City Attomey) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attomey) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) Attached Not Applicable ®❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable E Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable E EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED NOW ED Administrative Staff ) Deputy City Administrator (Initial) City Administrator Initial City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: (Below • , For RCA Author: SLF Council/Agency Meeting Held: Deferred/Continued to: ),App oved ❑=onally Appdroved ❑ Denied Z' Ci 'ler Signa . e Council Meeting Date: 4/21/2008 Department ID Number: CT08-09 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR!,�V PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASU "► SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S FEBRUARY 2008 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 February 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for February 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 4/21/2008 DEPARTMENT ID NUMBER: CT08-09 Attachmepgs): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for February 2008 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. February 2008 PowerPoint Presentation -2- 3/31/2008 10:22 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for February 2008 City Investment Portfolio: January February Inc./(Dec.) End of month City Portfolio Balance $234,621,867 $225,046,885 ($9,574,982) End of month General Fund Balance $45,563,484 $37,043,380 ($8,520,104) Monthly Effective Rate of Return 4.46% 4.43% -0.03% Average Maturity ( in days) 407 430 23 End of Month Market Value $236,485,315 $226,922,152 ($9,563,163) End of month bank cash balance $3,230,341 $3,043,788 ($186,553) Bond Proceeds Investments:* December January Inc./(Dec.) End of Month Bond Reserve Par Value $16,302,913 $18,101,972 $1,799,059 End of Month Bond Reserve Market Value $16,302,913 $18,101,972 $1,799,059 Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $84,760,317 $84,249,629 ($510,688) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $505,167 $802,609 $297,442 Interest Earned Year to Date ' $2,525,835 $4,157,758 $1,631,923 Earned Interest Yield Year to Date 4.85% 4.61% -0.24% `Bond Proceeds Statements are issued monthly and may lag by more than one month. —Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. February % of Total Policy Limit to Mat. Rate Federal Agency Issues -Coupon $128,612,647 57% None 693 4.31% Local Agency Inv. Fund (LAIF) $59,524,179 26% 60 million 1 4.16% Treasury Securities- Coupon $18,057,167 8% None 233 4.07% Medium Term Notes $3,951,129 2% 20% 613 5.06% Commercial Paper Disc. -Amortizing $7,963,690 4% 25% 40 4.49% Federal Agency Disc. -Amortizing $6,938,073 3% None 80 4.27% $225,046,885 100% 430 4.27% (,��NTINgrp� O` N(,OPPOF9/E0 v ---- -__ v City of Huntington Beach _ City of HB 2000 Main St � K= < = Portfolio Management Huntington Beach uNTv cP� Portfolio Summary February 29, 2008 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 128,591,000.00 130,043,673.58 128,612,647.30 57.15 1,080 693 4.253 4.312 Local Agency Investment Funds 59,524,178.78 59,524,178.78 59,524,178.78 26.45 1 1 4.104 4.161 Treasury Securities-Coupon 18,000,000.00 18,342,160.00 18,057,166.67 8.02 505 233 4.013 4.069 Medium Term Notes 4,000,000.00 4,073,620.00 3,951,129.00 1.76 1,057 613 4.988 5.057 Commercial Paper Disc.-Amortizing 8,000,000.00 7,974,220.00 7,963,689.44 3.54 131 40 4.427 4.489 Federal Agency Disc.-Amortizing 7,000,000.00 6,964,300.00 6,938,073.34 3.08 153 80 4.214 4.273 225,115,178.78 226,922,152.36 225,046,884.53 100.00% 686 430 4.212 4.271 Investments Cash and Accrued Interest Accrued Interest at Purchase 196,503.73 196,503.73 Subtotal 196,503.73 196,503.73 Total Cash and Investments 225,115,178.78 227,118,656.09 225,243,388.26 686 430 4.212 4.271 Total Earnings February 29 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 802,609.41 4,157,757.93 Current Budget 505,167.00 2,525,835.00 6,062,004.00 Last Year Actual 825,605.00 3,891,469.00 10,317,142.00 Average Daily Balance 228,014,150.58 216,361,524.54 Effective Rate of Return 4.43% 4.61% 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 November 5,2007. 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 Interactive Data Corporation. 3 -ay_vI I L. FREID NRICH,CPA,CITY TREASURER Reporting period 02/01/2008-02/29/2008 Portfolio CITY AP Run Date:03/06/2008-09:51 PM(PRF PM1)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments February 29, 2008 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 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 2,001,260.00 2,000,000.00 4.000 AAA 4.000 289 12/15/2008 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,068,760.00 1,997,613.44 5.050 AAA 5.150 464 06/08/2009 31331XE57 3542 Federal Farm Credit Bank 06/18/2007 2,000,000.00 2,019.380.00 2,000,000.00 5.850 AAA 5.850 1,570 06/18/2012 31331YKRO 3599 Federal Farm Credit Bank 12/26/2007 2,000,000.00 2,002,500.00 2,000,000.00 4.350 AAA 4.350 390 03/26/2009 31331YRF9 3620 Federal Farm Credit Bank 02/05/2008 2,060,000.00 2,002,500.00 2,000,000.00 3.500 AAA 3.500 887 08/05/2010 31331YQW3 3621 Federal Farm Credit Bank 02/04/2008 2,000,000.00 2,005,000.00 2,000,000.00 3.150 AAA 3.150 705 02/04/2010 31331YRE2 3623 Federal Farm Credit Bank 02/05/2008 2,000,000.00 2,003,120.00 2,000,000.00 3.200 AAA 3.200 522 08/05/2009 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 37 04/07/2008 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 2,001.880.00 2,000,000.00 3.320 AAA 3.320 149 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 2,001,260.00 2.000,000.00 2.900 AAA 2.900 150 07/29/2008 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 2,009,380.00 2,000,000.00 5.500 AAA 5.500 979 11/05/2010 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,030,000.00 2,000,000.00 5.700 AAA 5.700 1,272 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 2,031,880.00 2,000,000.00 5.430 AAA 5.430 1,300 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,086.880.00 2,000,000.00 5.300 AAA 5.300 1,293 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,036,880.00 2,000,000.00 5.250 AAA 5.250 612 11/03/2009- 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2,000,000.00 2,018,120.00 2,000,000.00 5.150 AAA 5.150 867 07/16/2010' 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2.000,000.00 2,050,620.00 2,000,000.00 5.300 AAA 5.300 1,259 08/12/2011 3133XLC50 3538 Federal-Home Loan Bank 06/12/2007 2,000,000.00 2,077,500.00 2,000,000.00 5.550 AAA 5.550 1,564 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,068,760.00 1,997,138.89 5.350 AAA 5.419 836 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,150,000.00 2,000,000.00 5.600 AAA 5.600 1,602 07/20/2012 3133XM6S5 3557 Federal Home Loan Bank 09/04/2007 2,000,000.00 2,000,000.00 2,000,000.00 5.125 AAA 5.125 187 09/04/2008 3133XMHA2 3565 Federal Home Loan Bank 10/03/2007 2,000,000.00 2,003,760.00 2,000,000.00 4.700 AAA 4.700 216 10/03/2008 3133MEUC3 3577 Federal Home Loan Bank 11/02/2007 2,000,000.00 2,011,880.00 2,005,038.13 5.750 AAA 4.492 75 05/15/2008 3133XN4G1 3578 Federal Home Loan Bank 11/23/2007 2,000,000.00 2,006,880.00 2,000,000.00 4.360 AAA 4.360 83 05/23/2008 3133XNBW8 3579 Federal Home Loan Bank 11/26/2007 2,000,000.00 2,020,000.00 2,000,000.00 4.625 AAA 4.625 1,273 08/26/2011 3133XNEL9 3583 Federal Home Loan Bank 11/26/2007 2,000,000.00 2,006,260.00 2,000,000.00 4.335 AAA 4.335 83 05/23/2008 3133XNET2 3584 Federal Home Loan Bank 11/28/2007 2,000,000.00 2,003.120.00 2,000,000.00 4.375 AAA 4.375 58 04/28/2008 3133XNCK3 3585 Federal Home Loan Bank 11/26/2007 2,000,000.00 2,020,000.00 2,000,000.00 4.600 AAA 4.600 1,273 08/26/2011 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,066,880.00 2,000,000.00 4.500 AAA 4.500 1,752 12/17/2012 3133XNQT9 3589 Federal Home Loan Bank 12/26/2007 2,000,000.00 2,023,120.00 2,000,000.00 4.550 AAA 4.550 1,304 09/26/2011 3133XNR92 3590 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,017,500.00 2,000,000.00 4.375 AAA 4.375 930 09/17/2010 3133XNSR1 3594 Federal Home Loan Bank 12/18/2007 2,000,000.00 2,008,120.00 2,000,000.00 4.250 AAA 4.250 109 06/18/2008 3133XM2H3 3601 Federal Home Loan Bank 12/28/2007 2,000,000.00 2,020.620.00 2,006,672.59 4.885 AAA 4.149 172 08/20/2008 3133XNVQ9 3605 Federal Home Loan Bank 01/07/2008 2,000,000.00 2,018,760.00 2,000,000.00 4.375 AAA 4.375 950 10/07/2010 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,050,620.00 2,000,000.00 4.200 AAA 4.200 1,781 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,047,500.00 2,000,000.00 4.150 AAA 4.150 1,795 01/29/2013 Portfolio CITY AP Run Date:03/06/2008-09.51 PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments February 29, 2008 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 3133XCSA2 3616 -Federal Home Loan Bank 01/14/2008 2,000.000.00 2,017,500.00 2,007,752.35 4.250 AAA 3.498 195 09/12/2008 31339YVV1 3618 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,004,380.00 1,998,600.00 3.375 AAA 3.557 142 07/21/2008 3133XOLJ6 3619 Federal Home Loan Bank 01/14/2008 2,000.000.00 2,009,380.00 2,001,818.77 3.750 AAA 3.542 167 08/15/2008 3133XPB29 3622 Federal Home Loan Bank 02/13/2008 2,000,000.00 2,001,260.00 1,986,140.00 3.850 AAA 4.006 1,810 02/13/2013 3128X1 RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 2,000,020.00 2,000,000.00 3.000 AAA 3.000 143 07/22/2008 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 2,002,180.00 2,000,000.00 3.560 AAA 3.560 55 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,060,800.00 2,000,000.00 4.125 AAA 4.125 627 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 2,003,500.00 2,000,000.00 3.600 AAA 3.600 82 05/22/2008 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 2,025,480.00 1,998,561.11 5.250 AAA 5.273 1,314 10/06/2011 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2,000,000.00 2,014,840.00 2,000,000.00 5.050 AAA 5.050 657 12/18/2009 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 2,043,680.00 2,000,000.00 5.250 AAA 5.250 1,398 12/29/2011 3128X4MQ1 3571 Federal Home Loan Mort Corp 10/15/2007 2,000,000.00 2,020,600.00 1,997,557.60 4.480 AAA 4.706 202 09/19/2008 3128X6WC6 3597 Federal Home Loan Mort Corp 12/24/2007 2,000,000.00 2,018,060.00 2,000,000.00 4.450 AAA 4.450 937 09/24/2010 3128X6XZ4 3606 Federal Home Loan Mort Corp 01/11/2008 2,000,000.00 2,004,000.00 2,000,000.00 4.400 AAA 4.400 681 01/11/2010 3128X6YJ9 3608 Federal Home Loan Mort Corp 01/09/2008 2,000,000.00 2,030,120.00 2,000,000.00 4.500 AAA 4.500 1,775 01/09/2013 3128X6XZ4 3612 Federal Home Loan Mort Corp 01/11/2008 2,000,000.00 2,004,000.00 2,000,558.33 4.400 AAA 4.384 681 01/11/2010 3128X1VYO 3613 Federal Home Loan Mort Corp 01/11/2008 2,900,000.00 2,912,847.00 2,901,684.19 3.690 AAA 3.554 165 08/13/2008 3134A4UD4 3615 Federal Home Loan Mort Corp 01/14/2008 2,000,000.00 2.011,260.00 2,001,400.66 3.625 AAA 3.487 198 09/15/2008 3136F5KWO 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 2,001,880.00 2,000,000.00 3.610 AAA 3.610 394 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 2,002,500.00 1,999,741.67 3.250 AAA 2.052 95 06/04/2008 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 2,003,760.00 2,000,000.00 3.700 AAA 3.700 83 05/23/2008 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 10/27/2006 2,000,000.00 2,036,260.00 2,000,000.00 5.375 AAA 5.375 1,335 10/27/2011 31359ME41 3586 Fed.Nat'l Mort.Assoc. 12/12/2007 2,850,000.00 2,862,483.00 2,846,449.94 3.875 AAA 4.212 136 07/15/2008 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,053,120.00 2,000,000.00 4.600 AAA 4.600 1,749 12/14/2012 31359MZH9 3592 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,025,620.00 2,005,953.49 4.500 AAA 4.003 228 10/15/2008 31359MX40 3614 Fed.Nat'l Mort.Assoc. 01/14/2008 2,000,000.00 2,029,380.00 2,015;793.69 5.000 AAA 3.497 198 09/15/2008 31359ME41 3617 Fed.Nat'l Mort.Assoc. 01/15/2008 2,841,000.00 2,853,443.58 2-,844,172.45 3.875 AAA 3.570 136 07/15/2008 Subtotal and Average 127,035,845.46 128,591,000.00 130,043,673.58 128,612,647.30 4.312 693 Local Agency Investment Funds SYS982 982 Laif City 29,569,328.92 29,569,328.92 29,569,328.92 4.161 NR 4.161 1 SYS2206 2206 LAIF-Redevelopment Agency 29,954,849.86 29.954,849.86 29.954,849.86 4.161 NR 4.161 1 Subtotal and Average 58,941,420.16 59,524,178.78 59,524,178.78 59,524,178.78 4.161 1 Portfolio CITY AP Run Date:03/06/2008-09:51 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 4 Portfolio Details - Investments February 29, 2008 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 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,095,000.00 2.000,810.98 4.875 AAA 4.834 532 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 2,032,340.00 1,996,841.58 4.625 AAA 4.909 213 09/30/2008 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 2,040,460.00 2,000.921.45 4.875 AAA 4.795 244 10/31/2008 912828FM7 3476 US Treasury Notes 01/17/2007 2,000,000.00 2,025,780.00 2,000,635.03 5.000 AAA 4.883 152 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000.000.00 2,040,460.00 2,000,000.00 4.875 AAA 4.867 244 10/31/2008 912828ECO 3593 US Treasury Notes 12/14/2007 2,000,000.00 2,020,460.00 2,006,603.32 4.125 AAA 3.383 167 08/15/2008 912828FT2 3596 US Treasury Notes 12/14/2007 2,000.000.00 2,032,340.00 2,013,724.23 4.625 AAA 3.414 213 09/30/2008 912828FR6 3602 US Treasury Notes 12/28/2007 21000,000.00 2,029,540.00 2,013,660.17 4.875 AAA 3.470 183 08/31/2008 912828FM7 3624 US Treasury Notes 02/20/2008 2,000,000.00 2,025,780.00 2,023,969.91 5.000 AAA 2.099 152 07/31/2008 Subtotal and Average 16,733,787.89 18,000,000.00 18,342,160.00 18,057,166.67 4.069 233 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,063,980.00 1,958,741.88 4.200 Aaa 5.023 1,019 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 2,009,640.00 1,992,387.12 4.400 Aa1 5.090 214 10/01/2008 Subtotal and Average 3,949,971.47 4,000,000.00 4,073,620.00 3,951,129.00 5.057 613 Commercial Paper Disc.-Amortizing 02581RE25 3609 American Express 01/08/2008 2,000,000.00 1.989,800.00 1,986,256.66 3.990 P-1 4.098 62 05/02/2008 36959HCE5 3581 General Electric Capital Corp 11/19/2007 2,000.000.00 1,998,140.00 1,996,721.11 4.540 P-1 4.671 13 03/14/2008 36959HE94 3611 General Electric Capital Corp 01/11/2008 2,000,000.00 1,988,640.00 1,985,165.00 3.870 P-1 3.975 69 05/09/2008 61745ACHO 3560 Morgan Stanley Dean Witter 09/24/2007 2,000,000.00 1,997,640.00 1,995,546.67 5.010 Al P1 5.206 16 03/17/2008 Subtotal and Average 11,670,049.59 8,000,000.00 7,974,220.00 7,963,689.44 4.489 40 Federal Agency Disc.-Amortizing 313384UK3 3572 Federal Home Loan Bank 10/17/2007 1,000,000.00 999,100.00 997,977.78 4.550 AAA 4.704 16 03/17/2008 3135881338 3600 Fed.Nat'l Mort.Assoc. 12/27/2007 2,000,000.00 1,979,800.00 1,965,333.33 3.900 AAA 4.111 160 08/08/2008 313588UD5 3603 Fed.Nat'l Mort.Assoc. 12/28/2007 2,000,000.00 1,999,000.00 1,997,655.56 4.220 AAA 4.316 10 03/11/2008 313588XZ3 3604 Fed.Nat'l Mort.Assoc. 12/31/2007 2,000,000.00 1,986,400.00 1,977,106.67 4.040 AAA 4.172 102 06/11/2008 Subtotal and Average 9,683,076.00 7,000,000.00 6,964,300.00 6,938,073.34 4.273 80 Total and Average 228,014,150.58 225,115,178.78 226,922,152.36 225,046,884.53 4.271 430 Portfolio CITY AP Run Date:03/06/2008-09:51 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 5 Portfolio Details - Cash February 29, 2008 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 196,503.73 196,503.73 0 Subtotal 196,503.73 196,503.73 Total Cash and Investmentss 228,014,150.58 225,115,178.78 227,118,656.09 225,243,388.26 4.271 430 Portfolio CITY AP Run Date:03/06/2008-09:51 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 6 Activity By Type February 1, 2008 through February 29, 2008 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 02/01/2008 0.00 1,000,000.00 31331SD59 3314 Federal Farm Credit Bank 4.480 02/01/2008 0.00 2,000,000.00 31331YRF9 3620 Federal Farm Credit Bank 3.500 02/05/2008 2,000,000.00 0.00 31331YQW3 3621 Federal Farm Credit Bank 3.150 02/04/2008 2,000,000.00 0.00 31331YRE2 3623 Federal Farm Credit Bank 3.200 02/05/2008 2,000,000.00 0.00 3133X1CF2 3178 Federal Home Loan Bank 4.000 02/01/2008 0.00 1,850,000.00 3133XPB29 3622 Federal Home Loan Bank 3.850 02/13/2008 1,986,000.00 0.00 Subtotal 7,986,000.00 4,850,000.00 128,612,647.30 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 4.161 6,100,000.00 2,900,000.00 Subtotal 6,100,000.00 2,900,000.00 59,524,178.78 Treasury Securities-Coupon 912828FM7 3624 US Treasury Notes 5.000 02/20/2008 2,025,546.88 0.00 Subtotal 2,025,646.88 0.00 18,057,166.67 Medium Term Notes Subtotal 3,951,129.00 Commercial Paper Disc.-Amortizing 02581 RBC6 3580 American Express 4.590 02/12/2008 0.00 2,000,000.00 17307RB45 3559 Citigroup Global 5.370 02/04/2008 0.00 2,000,000.00 36959HBE6 3573 General Electric Capital Corp 4.840 02/14/2008 0.00 2,000,000.00 36959HBUO 3591 General Electric Capital Corp 4.460 02/28/2008 0.00 2,000,000.00 61745AB16 3556 Morgan Stanley Dean Witter 5.320 02/01/2008 0.00 2,000,000.00 Subtotal 0.00 10,000,000.00 7,963,689.44 Federal Agency Disc.-Amortizing 313384TH2 3582 Federal Home Loan Bank 4.330 02/20/2008 0.00 2,000,000.00 313588SN6 3567 Fed.Nat'l Mort.Assoc. 4.520 02/01/2008 0.00 2,000,000.00 313588SV8 3569 Fed.Nat'l Mort.Assoc. 4.540 02/08/2008 0.00 2,000,000.00 313588TC9 3570 Fed.Nat'l Mort.Assoc. 4.530 02/15/2008 0.00 2,000,000.00 Subtotal 0.00 8,000,000.00 6,938,073.34 Total 16,111,646.88 25,750,000.00 225,046,884.53 Portfolio CITY AP Run Date:03/06/2008-09:51 PM(PRF_PM3)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary February 2007 through February 2008 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 2007 94 219,391,301.54 4.678 4.743 5.181 12 13 737 429 March 2007 91 215,541,134.27 4.702 4.767 5.214 11 14 729 417 April 2007 100 222,964,352.01 4.758 4.825 5.222 17 8 667 371 May 2007 105 242,517,495.45 4.801 4.867 5.248 10 5 634 342 June 2007 105 243,107,792.06 4.803 4.870 5.250 10 10 679 368 July 2007 99 234,531,828.66 4.792 4.859 5.255 7 13 740 398 August 2007 90 219,378,158.87 4.809 4.876 5.253 5 14 749 394 September 2007 87 210,473,705.74 4.807 4.874 5.231 8 11 747 389 October 2007 85 205,534,858.98 4.725 4.791 5.137 12 14 754 380 November 2007 77 202,206,117.59 4.690 4.755 4.962 9 17 698 371 December 2007 87 212,710,842.34 4.544 4.607 4.801 19 9 664 377 January 2008 91 233,636,809.52 4.409 4.470 4.620 15 11 667 407 February 2008 84 228,014,150.58 4.212 4.271 4.161 5 12 686 430 Average 92 222,328,200.01 4.672% 4.737% 5.041 11 12 704 390 L Portfolio CITY AP Run Date:03/0612008-09:51 PM(PRF_PM4)SymRept 6.41.202 Report Ver.5.00 City of 1113 Portfolio Management Page 8 Distribution of Investments By Type February 2007 through February 2008 February March April May June July August September October November December January February Average Security Type 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2008 2008 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 45.4 45.0 39.7 38.1 42.1 45.2 45.4 44.6 46.6 46.3 46.3 53.5 57.2 45.8% Local Agency Investment Funds 16.7 18.2 17.1 16.4 16.4 13.9 18.2 19.2 19.7 28.0 26.2 24.0 26.5 20.0% Treasury Securities-Coupon 10.1 9.3 8.6 7.4 7.4 8.1 6.6 6.7 6.9 4.9 7.0 6.8 8.0 7.5% Medium Term Notes 1.8 1.8 1.7 1.6 1.6 1.8 1.9 1.9 1.9 1.9 1.7 1.7 1.8 1.8% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 17.1 16.6 15.3 14.7 9.8 9.8 10.2 15.2 13.7 10.7 10.5 7.6 3.5 11.9% Federal Agency Disc.-Amortizing 1-.-8---- -0.9 _-5.9- ----8.-1 -8.1 7.1__-7..5.---.5.7 -8.3- 7.3 8.3 6.4 3.1 6.0% Treasury Discounts-Amortizing 7.2 8.2 11.8 13.8 14.6 14.2 10.3 6.7 2.9 1.0 7.0% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date 03/0612008-09:51 PM(PRF-PM5)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 9 Interest Earnings Summary February 29, 2008 February 29 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 265,170.09 2,431,167.42 Plus Accrued Interest at End of Period 1,349,168.68 1,349,168.68 Less Accrued Interest at Beginning of Period ( 1,070,060.75) ( 1,429,456.49) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 544,278.02 2,350,879.61 Adjusted by Premiums and Discounts 63,471.06 786,062.53 Adjusted by Capital Gains or Losses 0.00 2,320.02 Earnings during Periods 607,749.08 3,139,262.16 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 0.00 1,096,342.09 Plus Accrued Interest at End of Period 406,256.78 406,256.78 Less Accrued Interest at Beginning of Period ( 211,396.45) ( 484,103.10) Interest Earned during Period 194,860.33 1,018,495.77 Total Interest Earned during Period 739,138.35 3,369,376.38 Total Adjustments from Premiums and Discounts 63,471.06 786,062.53 Total Capital Gains or Losses 0.00 2,320.02 Total Earnings during Period 802,609.41 4,167,757.93 Portfolio CITY AP Run Date:03/06/2008-09:51 PM(PRF_PM6)SymRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 2/29/2008 De§cri"°„ytionAccruedlnterest Purch'G " 4 Fair Valuer„ , i Accrued "Interest;; United States Treasury: Bills $ 1,340,973,555.57 $ 1,343,247,500.00 NA Notes $ 1,812,293,186.24 $ 1,819,134,000.00 $ 15,459,480.00 Federal Agency: SBA $ 560,667,174.20 $ 562,562,471.21 $ 4,746,504.13 MBS $ 1,180,504,583.18 $ 1,207,195,464.97 $ 5,599,833.76 Bonds $ 5,268,247,644.40 $ 5,317,058,854.25 $ 101,443,569.91 Floaters $ 4,886,507,872.65 $ 4,881,081,240.00 $ 17,905,147.62 Discount Notes $ 12,551,573,395.44 $ 12,758,115,900.00 NA FHLMC PC $ 168,823.29 $ 174,989.69 $ 2,772.26 GNMA $ 176,058.66 $ 207,199.17 $ 1,746.38 CDs- Floaters $ 200,000,000.00 $ 200,000,000.00 $ 536,400.11 Bank Notes $ 925,000,000.00 $ 925,429,039.25 $ 4,192,645.84 CDs $ 10,985,063,997.96 $ 10,997,282,362.50 $ 66,450,801.39 Commercial Paper $ 3,872,999,547.18 $ 3,896,130,726.40 NA Corporate: Floaters $ 129,113,970.52 $ 125,459,057.00 $ 718,117.60 Bonds $ 216,155,655.63 $ 218,605,395.08 $ 2,500,544.70 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 9,296,295,000.00 $ 9,296,295,000.00 NA AB 55 & GF Loans $ 11,065,952,663.45 $ 11,065,952,663.45 NA TOTAL $ 64,291,693,128.37 $ 64,613,931,862.97 $ 219,557,563.70 Fair Value Including Accrued Interest $ 64,833,489,426.67 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). ATTAC H M E N T #2 Schedule of Bond Investments Held by Fiscal Agent as of January 31,2008 Summary of investments by type Market Value Market Value Par Value Investment Type as of 12/31/07 as of 1/31/08 $5,721,023 Local Agency Investment Fund(LAIF) $5,772,111 $5,721,023 $0 Federal Agency Issues $0 $0 $8,190,455 Investment Agreements $8,238,094 $8,190,455 $4,190,494 Money Market Funds $2,292,708 $4,190,494 $0 US Treasury Securities $0 $0 $18,101,972 $16,302,913 $18,101,972 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 12/31/07 as of 1/31/08 $3,427,463 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,541,731 $3,427,463 $2,119,949 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,094,135 $2,119,949 $2,035,122 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,698,939 $2,035,122 $508,156 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $508,132 $508,156 $2,045,916 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,045,743 $2,045,916 $3,133,360 Huntington Beach PFA- 2001 Series B(1993 Civic Center& Police Administration Bldg. Refinance) $2,695,970 $3,133,360 $1,273,473 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,269,495 $1,273,473 $177,092 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,923 $177,092 $1,601,928 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,648,780 $1,601,928 $935,981 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $773,975 $935,981 $680,015 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $679,307 $680,015 $163,517 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $171,783 $163,517 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $18,101,972 $16,302,913 $18,101,972 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2007 Beginning Balance Contributions Distributions/ Earnings Other Ending (9-30-07) Transfers (change in value) Balance (12-31-07) ICMA Retirement Corporation (457 Plan) $27,083,621 $622,660 ($352,677) ($330,836) ($50) $27,022,718 ICMA Retirement Corporation (401 Plan) $886,186 $25,705 $0 ($8,376) $0 $903,515 Nationwide Retirement Solutions (457 Plan) $56,790,510 $763,351 ($886,300) ($343,940) ($225) $56,323,396 Total Deferred Compensation Plan Balances $84,760,317 $1,411,716 ($1,238,977) ($683,152) ($275) $84,249,629 ATTACHMENT #4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM February Treasurer' s Report Shari L. Freidenrich , CPA, CCMT, CPFA, CPFIM April 21 , 2008 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Financial Information: January February Inc./(Dec.) End of Month City Portfolio $234.622 $225.047 ($9.575) End of Month Market Value $236.485 $226.922 ($9.563) Interest Earned for Month $0.885 $0.803 ($0.082) Earned Interest Yield Year to Date 4.66% 4.61 % -0.05% Average Maturity ( in days) 407 430 23 YTD Average Daily Balance $213.614 $216.362 $2.748 Summary by Type: February % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon - $128.613 57% None 693 4.31 % LAI F (State Pool) $59.524 26% 60% 1 4. 16% U.S.Treasury Notes $18.057 8% None 233 4.07% Medium Term Notes $3.951 2% 20% 613 5.06% Discount Comm. Paper $7.964 4% 25% 40 4.49% Discount Federal Agy $6.938 3% None 80 4.27% Total $225.047 100% 430 4.27% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: February 2008 Investment Summary Report COUNCIL MEETING DATE: April 21, 2008 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Ap licable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable z Bonds (If applicable) Attached Not Applicable Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FO ,D E D Administrative Staff Deputy City Administrator Initial City Administrator (Initial) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: Only)(Below Space For City Clerk's Use RCA Author: SLF a CITY OF HUNTINGTON BEACH _ INTERDEPARTMENTAL COMMUNICATION 17190 P • CITY TREASURER'S DEPARTMENT TO: Joan Flynn, City Clerk FROM: Shari L. Freidenrich, cpA, City Treas DATE: March 17, 2008 SUBJECT: DATE COMMUNICATION ®AGENDA ITEM C®3 The Summary at C-3A.4 includes an incorrect monthly date and an incorrect calculation. This memorandum transmits the corrected Summary page. SLF Attachment City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for January 2008 City Investment Portfolio: December January Inc./(Dec.) End of month City Portfolio Balance $228,324,879 $234,621,867 $6,296,988 End of month General Fund Balance $35,688,305 $45,563,484 $9,875,179 Monthly Effective Rate of Return 4 63% 4 46% -0 17% Average Maturity ( in days) 377 407 30 End of Month Market Value $229,019,767 $236,485,315 $7,465,548 End of month bank cash balance $3,701,442 $3,230,341 ($471,101) Bond Proceeds Investments:* November December Inc./(Dec.) End of Month Bond Reserve Par Value $16,339,311 $16,302,913 ($36,398) End of Month Bond Reserve Market Value $16,339,311 $16,302,913 ($36,398) Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $84,760,317 $84,249,629 ($510,688) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $505,167 $885,366 $380,199 Interest Earned Year to Date $2,020,668 $3,355,149 $1,334,481 Earned Interest Yield Year to Date 4 85% 4 66% -0 19% *Bond Proceeds Statements are issued monthly and may lag by more than one month **Deferred Compensation Statements are issued quarterly Summary by Individual Investment in City Investment Portfolio: Days YTM Int. January % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $125,483,946 53% None 694 4 36% Local Agency Inv Fund (LAIF) $56,324,179 24% 60 million 1 4 62% Treasury Securities -Coupon $16,038,222 7% None 272 4.32% Medium Term Notes $3,948,809 2% 20% 642 5 06% Commercial Paper Disc -Amortizing $17,921,754 8% 25% 37 4 81% Federal Agency Disc. -Amortizing $14,904,957 6% None 56 4 45% $234,621,867 100% 407 4 47% Council/Agency Meeting Held: ,3 Deferred/Continued to: Approved ❑ ConditlonallAmprove ❑ Denied City Jerk's ignatu 6—D/ &Ar Gf M Council Meeting Date: 3/17/2008 Department ID Number: CT08-08 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURE �,�/' PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURE SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JANUARY 2008 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 January 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for January 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Coal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. I REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 3/17/2008 DEPARTMENT ID NUMBER: CT08-08 A chment(s): 1 Monthly Investment Report and Summary of Investments for January 2008 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. January 2008 PowerPoint Presentation -2- 3/4/2008 3:12 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for January 2008 City Investment Portfolio: December January Inc./(Dec.) End of month City Portfolio Balance $228,324,879 $234,621,867 $6,296,988 End of month General Fund Balance $35,688,305 $45,563,484 $9,875,179 Monthly Effective Rate of Return 4 63% 4 46% -0 17% Average Maturity ( in days) 377 407 30 End of Month Market Value $229,019,767 $236,485,315 $7,465,548 End of month bank cash balance $3,701,442 $3,230,341 ($471,101) Bond Proceeds Investments:* November December Inc./(Dec.) End of Month Bond Reserve Par Value $16,339,311 $16,302,913 ($36,398) End of Month Bond Reserve Market Value $16,339,311 $16,302,913 ($36,398) Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $84,760,317 $84,249,629 ($510,688) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $505,167 $885,366 $380,199 Interest Earned Year to Date $2,020,668 $3,355,149 $1,334,481 Earned Interest Yield Year to Date 4 85% 4.66% 0 49% 'Bond Proceeds Statements are issued monthly and may lag by more than one month "Deferred Compensation Statements are issued quarterly Summary by Individual Investment in City Investment Portfolio: Days YTM Int. February %of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $125,483,946 53% None 694 4 36% Local Agency Inv Fund (LAIF) $56,324,179 24% 60 million 1 4 62% Treasury Securities-Coupon $16,038,222 7% None 272 4.32% Medium Term Notes $3,948,809 2% 20% 642 5 06% Commercial Paper Disc. -Amortizing $17,921,754 8% 25% 37 4 81% Federal Agency Disc -Amortizing $14,904,957 6% None 56 4 45% $234,621,867 100% 407 4 47% �ATINGTO OTC \NG°nraenjfo �� > F City of Huntington Beach v= City of 1-113 2000 Main St Portfolio Management Huntington Beach 9�cF `EB I)Ms ��oQ Portfolio Summary OOUNTY � January 31, 2008 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 125,441,000 00 126,923,636 21 125,483,945 68 5348 1,110 694 4 298 4 358 Local Agency Investment Funds 56,324,178 78 56,324,178 78 56,324,178 78 2401 1 1 4 557 4 620 Treasury Securities-Coupon 16,000,000 00 16,303,600 00 16,038,221 57 684 548 272 4 258 4 317 Medium Term Notes 4,000,000 00 4,051,560 00 3,948,808 62 1 68 1,057 642 4 988 5 057 Commercial Paper Disc -Amortizing 18,000,000 00 17,941,440 00 17,921,754 44 764 124 37 4 747 4 813 Federal Agency Disc -Amortizing 15,000,000 00 14,940,900 00 14,904,957 50 635 133 56 4 392 4 453 234,765,178.78 236,485,314.99 234,621,866.59 100.00% 667 407 4.409 4.470 Investments Cash and Accrued Interest Accrued Interest at Purchase 359,783 03 359,783 03 Subtotal 359,783 03 359,783 03 Total Cash and Investments 234,765,178.78 236,845,098.02 234,981,649.62 667 407 4.409 4.470 Total Earnings January 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 885,365 69 3,355,148 52 Current Budget 505,167 00 2,020,668 00 6,062,004 00 Last Year Actual 863,056 00 3,065,864 00 10,317,142 00 Average Daily Balance 233,636,809.52 213,614,157.43 Effective Rate of Return 4.46% 4.66% 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 November 5,2007 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 Interactive Data Corporation 3 -3- 0p SXO.qfL FREIDENAICH,CPA,CITY TREASURER Reporting period 01/0112008-01/31/2008 Portfolio CITY AP Run Date 02/07/2008-10 37 PM(PRF_PM1)SymRept 6 41.202 Report Ver 5 00 City of 1i13 Portfolio Management Page 2 Portfolio Details - Investments January 31, 2008 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 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000 00 1,000,000 00 1,000,000 00 3 500 AAA 3 500 74 04/15/2008 31331 SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000 00 2,003,120 00 2,000,000 00 4 000 AAA 4 000 318 12/15/2008 31331 SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000 00 2,000,000 00 2,000,000 00 4 480 AAA 4 480 871 06/21/2010 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000 00 2,063,760 00 1,997,456 78 5 050 AAA 5 150 493 06/08/2009 31331XE57 3542 Federal Farm Credit Bank 06/18/2007 2,000,000 00 2,024,380 00 2,000,000 00 5 850 AAA 5 850 1,599 06/18/2012 31331YKRO 3599 Federal Farm Credit Bank 12/26/2007 2,000,000 00 2,005,000 00 2,000,000 00 4 350 AAA 4 350 419 03/26/2009 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 66 04/07/2008 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000 00 2,002,500 00 2,000,000 00 3 320 AAA 3 320 178 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000 00 2,000,620 00 2,000,000 00 2 900 AAA 2 900 179 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 4 000 241 09/29/2008 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000 00 2,013,760 00 2,000,000 00 5 500 AAA 5 500 1,008 11/05/2010 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000 00 2,035,000 00 2,000,000 00 5 700 AAA 5 700 1,301 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000 00 2,036,260 00 2,000,000 00 5 430 AAA 5 430 1,329 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000 00 2,083,760 00 2,000,000 00 5 300 AAA 5 300 1,322 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000 00 2,039,380 00 2,000,000 00 5 250 AAA 5 250 641 11/03/2009 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2,000,000 00 2,021,260 00 2,000,000 00 5 150 AAA 5 150 896 07/16/2010 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000 00 2,055,000 00 2,000,000 00 5 300 AAA 5 300 1,288 08/12/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000 00 2,078,120 00 2,000,000 00 5 550 AAA 5 550 1,593 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000 00 2,067,500 00 1,997,034 72 5 350 AAA 5 419 865 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000 00 2,139,380 00 2,000,000 00 5 600 AAA 5 600 1,631 07/20/2012 3133XM6S5 3557 Federal Home Loan Bank 09/04/2007 2,000,000 00 2,004,380 00 2,000,000 00 5 125 AAA 5 125 216 09/04/2008 3133XMHA2 3565 Federal Home Loan Bank 10/03/2007 2,000,000 00 2,006,880 00 2,000,000 00 4 700 AAA 4 700 245 10/03/2008 3133MEUC3 3577 Federal Home Loan Bank 11/02/2007 2,000,000 00 2,016,260 00 2,007,080 62 5 750 AAA 4 492 104 05/16/2008 3133XN4G1 3578 Federal Home Loan Bank 11/23/2007 2,000,000 00 2,008,760 00 2,000,000 00 4 360 AAA 4 360 112 05/23/2008 3133XNBW8 3579 Federal Home Loan Bank 11/26/2007 2,000,000 00 2,023,120 00 2,000,000 00 4 625 AAA 4 625 1,302 08/26/2011 3133XNEL9 3583 Federal Home Loan Bank 11/26/2007 2,000,000 00 2,008,120 00 2,000,000 00 4 335 AAA 4 335 112 05/23/2008 3133XNET2 3584 Federal Home Loan Bank 11/28/2007 2,000,000 00 2,005,000 00 2,000,000 00 4 375 AAA 4 375 87 04/28/2008 3133XNCK3 3585 Federal Home Loan Bank 11/26/2007 2,000,000 00 2,022,500 00 2,000,000 00 4 600 AAA 4 600 1,302 08/26/2011 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000 00 2,058,760 00 2,000,000 00 4 500 AAA 4 500 1,781 12/17/2012 3133XNQT9 3589 Federal Home Loan Bank 12/26/2007 2,000,000 00 2,025,620 00 2,000,000 00 4 550 AAA 4 550 1,333 09/26/2011 3133XNR92 3590 Federal Home Loan Bank 12/17/2007 2,000,000 00 2,018,760 00 2,000,000 00 4 375 AAA 4 375 959 09/17/2010 3133XNSR1 3594 Federal Home Loan Bank 12/18/2007 2,000.000 00 2,010,000 00 2,000,000 00 4 250 AAA 4 250 138 06/18/2008 3133XM2H3 3601 Federal Home Loan Bank 12/28/2007 2,000,000 00 2,023,120 00 2,007,857 07 4 885 AAA 4 149 201 08/20/2008 3133XNVQ9 3605 Federal Home Loan Bank 01/07/2008 2,000,000 00 2,020,620 00 2,000,000 00 4 375 AAA 4 375 979 10/07/2010 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000 00 2,041,260 00 2,000,000 00 4200 AAA 4200 1,810 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000 00 2,038,760 00 2,000,000 00 4 150 AAA 4 150 1,824 01/29/2013 Portfolio CITY AP Run Date 02/07/2008-10 37 PM(PRF_PM2)SymRept 6 41 202 Report Ver 5 00 City of FIB Portfolio Management Page 3 Portfolio Details - Investments January 31, 2008 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 3133XCSA2 3616 Federal Home Loan Bank 01/14/2008 2,000,000 00 2,018,120 00 2,008,970 00 4 250 AAA 3 498 224 09/12/2008 31339YVV1 3618 Federal Home Loan Bank 01/15/2008 2,000,000 00 2,005,000 00 1,998,300 00 3 375 AAA 3 557 171 07/21/2008 3133XOLJ6 3619 Federal Home Loan Bank 01/14/2008 2,000,000 00 2,010,000 00 2,002,151 47 3 750 AAA 3 542 196 08/15/2008 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000 00 2,000,040 00 2,000,000 00 3 000 AAA 3 000 172 07/22/2008 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000 00 2,003,080 00 2,000,000 00 3 560 AAA 3 560 84 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000 00 2,049,900 00 2,000,000 00 4 125 AAA 4 125 656 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000 00 2,004,340 00 2,000,000 00 3 600 AAA 3 600 111 05/22/2008 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000 00 2,029,320 00 1,998,527 78 5 250 AAA 5 273 1,343 10/06/2011 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2,000,000 00 2,018,220 00 2,000,000 00 5 050 AAA 5 050 686 12/18/2009 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000 00 2,047,760 00 2,000,000 00 5 250 AAA 5 250 1,427 12/29/2011 3128X4MQ1 3571 Federal Home Loan Mort Corp 10/15/2007 2,000,000 00 2,021,240 00 1,997,187 54 4 480 AAA 4 706 231 09/19/2008 3128X6WC6 3597 Federal Home Loan Mort Corp 12/24/2007 2,000,000 00 2,020,240 00 2,000,000 00 4 450 AAA 4 450 966 09/24/2010 3128X6XZ4 3606 Federal Home Loan Mort Corp 01/11/2008 2,000,000 00 2,006,920 00 2,000,000 00 4 400 AAA 4 400 710 01/11/2010 3128X6YJ9 3608 Federal Home Loan Mort Corp 01/09/2008 2,000,000 00 2,031,860 00 2,000,000 00 4 500 AAA 4 500 1,804 01/09/2013 3128X6XZ4 3612 Federal Home Loan Mort Corp 01/11/2008 2,000,000 00 2,006,920 00 2,000,583 33 4 400 AAA 4 384 710 01/11/2010 3128XIVYO 3613 Federal Home Loan Mort Corp 01/11/2008 2,900,000 00 2,913,717 00 2,901,996 08 3 690 AAA 3 554 194 08/13/2008 3134A4UD4 3615 Federal Home Loan Mort Corp 01/14/2008 2,000,000 00 2,010,620 00 2,001,617 26 3 625 AAA 3 487 227 09/15/2008 3136F5KWO 3223 Fed Nat'l Mort Assoc 03/30/2004 2,000,000 00 2,003,120 00 2,000,000 00 3 610 AAA 3 610 423 03/30/2009 31359MSC8 3242 Fed Nat'l Mort Assoc 06/04/2004 2,000,000 00 2,002,500 00 1,999,658 33 3 250 AAA 2052 124 06/04/2008 3136F6MN6 3268 Fed Nat'l Mort Assoc 11/23/2004 2,000,000 00 2,005,000 00 2,000,000 00 3 700 AAA 3 700 112 05/23/2008 3136F74N4 3433 Fed Nat'l Mort Assoc 10/27/2006 2,000,000 00 2,041,260 00 2,000,000 00 5 375 AAA 5 375 1,364 10/27/2011 31359ME41 3586 Fed Nat'l Mort Assoc 12/12/2007 2,850,000 00 2,865,133 50 2,845,655 15 3 875 AAA 4 212 165 07/15/2008 3136F8YW9 3587 Fed Nat'l Mort Assoc 12/14/2007 2,000,000 00 2,044,380 00 2,000,000 00 4 600 AAA 4 600 1,778 12/14/2012 31359MZH9 3592 Fed Nat'l Mort Assoc 12/14/2007 2,000,000 00 2,026,260 00 2,006,750 83 4 500 AAA 4 003 257 10/15/2008 31359MX40 3614 Fed Nat'l Mort Assoc 01/14/2008 2,000,000 00 2,031,260 00 2,018,236 02 5 000 AAA 3 497 227 09/15/2008 31359ME41 3617 Fed Nat'l Mort Assoc 01/15/2008 2,841,000 00 2,856,085 71 2,844,882 70 3 875 AAA 3 570 165 07/15/2008 Subtotal and Average 119,316,616.73 125,441,000.00 126,923,636.21 125,483,945.68 4.358 694 Local Agency Investment Funds SYS982 982 Laif City 26,369,328 92 26,369,328 92 26,369,328 92 4 620 NR 4 620 1 SYS2206 2206 LAIF-Redevelopment Agency 29,954,849 86 29,954,849 86 29,954,849 86 4 620 NR 4 620 1 Subtotal and Average 53,372,600.01 56,324,178.78 56,324,178.78 56,324,178.78 4.620 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000 00 2,082,180 00 2,000,855 18 4 875 AAA 4 834 561 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000 00 2,031,560 00 1,996,411 56 4 625 AAA 4 909 242 09/30/2008 Portfolio CITY AP Run Date 02/07/2008-10 37 PM(PRF_PM2)SymRept 6 41 202 City of HB Portfolio Management Page 4 Portfolio Details - investments January 31, 2008 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 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000 00 2,039,540 00 2,001,030 97 4 875 AAA 4 795 273 10/31/2008 912828FM7 3476 US Treasury Notes 01/17/2007 2,000,000 00 2,028,280 00 2,000,756 18 5 000 AAA 4 883 181 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000 00 2,039,540 00 2,000,000 00 4 875 AAA 4 867 273 10/31/2008 912828ECO 3593 US Treasury Notes 12/14/2007 2,000,000 00 2,020,780 00 2,007,750,00 4 125 AAA 3 383 196 08/15/2008 912828FT2 3596 US Treasury Notes 12/14/2007 2,000,000 00 2,031,560 00 2,015,592 78 4 625 AAA 3 414 242 09/30/2008 912828FR6 3602 US Treasury Notes 12/28/2007 2,000,000 00 2,030,160 00 2,015,824 90 4 875 AAA 3 470 212 08/31/2008 Subtotal and Average 16,040,820.62 16,000,000.00 16,303,600.00 16,038,221.57 4 317 272 Medium Term Notes 084664AFB 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000 00 2,041,760 00 1,957,509 06 4200 Aaa 5 023 1,048 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000 00 2,009,800 00 1,991,299 56 4 400 Aa1 5 090 243 10/01/2008 Subtotal and Average 3,947,723.29 4,000,000.00 4,051,560 00 3,948,808.62 5 057 642 Commercial Paper Disc.-Amortizing 02581RBC6 3580 American Express 11/19/2007 2,000,000 00 1,998,020 00 1,997,195 00 4 590 P-1 4 705 11 02/12/2008 02581RE25 3609 American Express 01/08/2008 2,000,000 00 1,984,020 00 1,979,828 33 3 990 P-1 4 098 91 05/02/2008 17307RB45 3559 Citigroup Global 09/13/2007 2,000,000 00 1,999,440 00 1,999,105 00 5 370 P-1 5 564 3 02/04/2008 36959HBE6 3573 General Electric Capital Corp 10/18/2007 2,000,000 00 1,997,660 00 1,996,504 44 4 840 P-1 4 987 13 02/14/2008 36959HCE5 3581 General Electric Capital Corp 11/19/2007 2,000,000 00 1,992,460 00 1,989,406 67 4 540 P-1 4 671 42 03/14/2008 36959HBUO 3591 General Electric Capital Corp 12/13/2007 2,000,000 00 1,995,120 00 1,993,310 00 4 460 P-1 4 565 27 02/28/2008 36959HE94 3611 General Electric Capital Corp 01/11/2008 2,000,000 00 1,982,800 00 1,978,930 00 3 870 P-1 3 975 98 05/09/2008 61745AB16 3556 Morgan Stanley Dean Witter 08/15/2007 2,000,000 00 2,000,000 00 2,000,000 00 5 320 At P1 5 533 0 02/01/2008 61745ACHO 3560 Morgan Stanley Dean Witter 09/24/2007 2,000,000 00 1,991,920 00 1,987,475 00 5 010 A1P1 5206 45 03/17/2008 Subtotal and Average 24,663,403.86 18,000,000 00 17,941,440.00 17,921,754.44 4.813 37 Federal Agency Disc.-Amortizing 313384UK3 3572 Federal Home Loan Bank 10/17/2007 1,000,000 00 996,700 00 994,312 50 4 550 AAA 4 704 45 03/17/2008 313384TH2 3582 Federal Home Loan Bank 11/20/2007 2,000,000 00 1,997,400 00 1,995,429 44 4 330 AAA 4 439 19 02/20/2008 313588SN6 3567 Fed Nat'I Mort Assoc 10/04/2007 2,000,000 00 2,000,000 00 2,000,000 00 4 520 AAA 4 653 0 02/01/2008 313588SV8 3569 Fed Nat'l Mort Assoc 10/10/2007 2,000,000 00 1,999,000 00 1,998,234 44 4 540 AAA 4 674 7 02/08/2008 313588TC9 3570 Fed Nat'l Mort Assoc 10/11/2007 2,000,000 00 1,998,000 00 1,996,476 67 4 530 AAA 4 668 14 02/15/2008 313588638 3600 Fed Nat'l Mort Assoc 12/27/2007 2,000,000 00 1,974,000 00 1,959,050 00 3 900 AAA 4 111 189 08/08/2008 313588UD5 3603 Fed Nat'I Mort Assoc 12/28/2007 2,000,000 00 1,994,200 00 1,990,856 67 4 220 AAA 4 316 39 03/11/2008 313588XZ3 3604 Fed Nat'l Mort Assoc 12/31/2007 2,000,000 00 1,981,600 00 1,970,597 78 4 040 AAA 4 172 131 06/11/2008 Subtotal and Average 16,295,645.00 15,000,000.00 14,940,900.00 14,904,957.50 4 453 56 Portfolio CITY AP Run Date 02/07/2008-10 37 PM(PRF_PM2)SymRept 6 41 202 City of HB Portfolio Management Page 5 Portfolio Details - Investments January 31, 2008 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 233,636,809.52 234,765,178 78 236,485,314.99 234,621,866 59 4.470 407 Portfolio CITY AP Run Date 02/07/2008-10 37 PM(PRF_PM2)SymRept 6 41 202 City of 1-113 Portfolio Management Page 6 Portfolio Details - Cash January 31, 2008 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 359,783 03 359,783 03 0 Subtotal 359,783 03 359,783 03 Total Cash and Investmentss 233,636,809.52 234,765,178.78 236,845,098.02 234,981,649.62 4.470 407 Portfolio CITY AP Run Date 02/07/2008-10 37 PM(PRF_PM2)SymRept 6 41 202 City of HB Portfolio Management Page 7 Activity By Type January 1, 2008 through January 31, 2008 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331SCQ4 3263 Federal Farm Credit Bank 4 000 01/28/2008 000 2,000,000 00 3133XNVQ9 3605 Federal Home Loan Bank 4 375 01/07/2008 2,000,000 00 000 3133XNX46 3607 Federal Home Loan Bank 4200 01/15/2008 2,000,000 00 000 3133XNZC6 3610 Federal Home Loan Bank 4 150 01/29/2008 2,000,000 00 000 3133XCSA2 3616 Federal Home Loan Bank 4 250 01/14/2008 2,009,660 00 coo 31339YVV1 3618 Federal Home Loan Bank 3 375 01/15/2008 1,998,140 00 000 3133XOLJ6 3619 Federal Home Loan Bank 3 750 01/14/2008 2,002,340 00 000 3128XiTF4 3163 Federal Home Loan Mort Corp 3 000 01/23/2008 000 2,000,000 00 3128X5WH7 3486 Federal Home Loan Mort Corp 5 550 01/09/2008 000 1,998,376 55 3128X6XZ4 3606 Federal Home Loan Mort Corp 4 400 01/11/2008 2,000,000 00 000 3128X6YJ9 3608 Federal Home Loan Mort Corp 4 500 01/09/2008 2,000,000 00 000 3128X6XZ4 3612 Federal Home Loan Mort Corp 4 400 01/11/2008 2,000,600 00 000 3128X1 VYO 3613 Federal Home Loan Mort Corp 3 690 01/11/2008 2,902,204 00 000 3134A4UD4 3615 Federal Home Loan Mort Corp 3 625 01/14/2008 2,001,740 00 000 3136F6FYO 3259 Fed Nat'l Mort Assoc 4 250 01/25/2008 000 2,000,000 00 31359MX40 3614 Fed Nat'l Mort Assoc 5 000 01/14/2008 2,019,620 00 000 31359ME41 3617 Fed Nat'l Mort Assoc 3 875 01/15/2008 2,845,261 50 000 Subtotal 27,779,565 50 7,998,376.55 125,483,945.68 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 4 620 18,799,479 90 22,350,000 00 SYS2206 2206 LAIF-Redevelopment Agency 4 620 314,730 23 350,000 00 Subtotal 19,114,210.13 22,700,000.00 56,324,178.78 Treasury Securities-Coupon Subtotal 16,038,221.57 Medium Term Notes Subtotal 3,948,808.62 Commercial Paper Disc.-Amortizing 02581 RAX1 3595 American Express 4 290 01/31/2008 000 2,000,000 00 02581 RAV5 3598 American Express 4 290 01/29/2008 000 2,000,000 00 02581RE25 3609 American Express 3 990 01/08/2008 1,974,508 33 000 17307RAJ3 3551 Citigroup Global 5 190 01/18/2008 000 2,000,000 00 36959HAR8 3575 General Electric Capital Corp 4 720 01/25/2008 000 2,000,000 00 Portfolio CITY AP Run Date 02/07/2008-10 37 PM(PRF_PM3)SymRept 6 41 202 Report Ver 5 00 City of FiB Portfolio Management Page 8 Activity By Type January 1, 2008 through January 31, 2008 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Commercial Paper Disc.-Amortizing 36959HE94 3611 General Electric Capital Corp 3 870 01/11/2008 1,974,415 00 000 90262CAQO 3574 UBS Finance Delaware LLC 4 795 01/24/2008 000 2,000,000 00 Subtotal 3,948,923.33 10,000,000.00 17,921,754.44 Federal Agency Disc.-Amortizing 313312RG7 3566 Federal Farm Credit Bank 4 520 01/02/2008 000 2,000,000 00 313396SC8 3568 Federal Home Loan Mort Corp 4 530 01/22/2008 000 2,000,000 00 Subtotal 0.00 4,000,000.00 14,904,957.50 Total 50,842,698.96 44,698,376.55 234,621,866.59 Portfolio CITY AP Run Date 02/07/2008-10 37 PM(PRF_PM3)SymRept 6 41 202 City of IiB Portfolio Management Page 9 Activity Summary January 2007 through January 2008 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 2007 95 219,934,932 02 4 609 4 673 5 156 17 11 722 401 February 2007 94 219,391,301 54 4 678 4 743 5 181 12 13 737 429 March 2007 91 215,541,134 27 4 702 4 767 5.214 11 14 729 417 April 2007 100 222,964,352 01 4 758 4 825 5 222 17 8 667 371 May 2007 105 242,517,495 45 4 801 4 867 5 248 10 5 634 342 June 2007 105 243,107,792 06 4 803 4 870 5 250 10 10 679 368 July 2007 99 234,531,828.66 4 792 4 859 5.255 7 13 740 398 August 2007 90 219,378,158 87 4 809 4 876 5 253 5 14 749 394 September 2007 87 210,473,705 74 4 807 4 874 5 231 8 11 747 389 October 2007 85 205,534,858 98 4 725 4 791 5 137 12 14 754 380 November 2007 77 202,206,117 59 4 690 4 755 4 962 9 17 698 371 December 2007 87 212,710,842 34 4.544 4 607 4.801 19 9 664 377 January 2008 91 233,636,809 52 4 409 4 470 4 620 15 11 667 407 Average 93 221,724,462.85 4.702% 4.767% 5.118 12 12 707 388 Portfolio CITY AP Run Date 02/07/2008-10 37 PM(PRF_PM4)SymRept 6 41 202 Report Ver 5 00 City of HB Portfolio Management Page 10 Distribution of Investments By Type January 2007 through January 2008 January February March April May June July August September October November December January Average Security Type 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2008 by Period Repurchase Agreements Certificates of Deposit ---- -- --- --- - -- - - ---- --- - - - — --- -- - - — Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 474 45 4 45 0 397 381 42.1 452 454 446 466 463 463 535 45 0% Local Agency Investment Funds 179 167 182 17 1 164 164 139 182 192 197 28.0 26.2 24 0 19 4% —- - - --------------- ------ ---- — --------- -- --- ---------- ---- ---------- - -- --- --- --------------- Treasury Securities-Coupon 107 101 93 86 74 74 81 66 67 69 49 70 68 7 7% Medium Term Notes 1 8 1.8 .8 1 7 1 6 1 6 18 1 9 1 9 1.9 1 9 1 7 1 7 1 8% - ----- - ----------- -------- ---- --- ----- - --- ----- --1------ --------- Negotiable CD's -- ------ -- --- ------------ ----------- ------------ Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing - — - - -- - — - - - - - Commercial Paper Disc.-Amortizing 161 171 166 153 147 98 98 102 152 137 107 105 76 12 9% Federal Agency Disc.-Amortizing 2 7 1 8 0 9 59 81 81 7 1 7 5 5.7 8 3 7 3 8 3 6 4 6 0% Treasury Discounts-Amortizing 35 72 82 11 8 138 146 142 103 67 29 1 0 7 3% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date 02/07/2008-10 37 PM(PRF_PMS)SymRept 6 41 202 Report Ver 5 00 LA Y City of 1-113 Portfolio Management Page 11 Interest Earnings Summary January 31, 2008 January 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 393,837.33 2,165,997 33 Plus Accrued Interest at End of Period 1,070,060 75 1,070,060 75 Less Accrued Interest at Beginning of Period ( 942,246 82) ( 1,429,456 49) Less Accrued Interest at Purchase During Period ( 0.00) ( 0 00) Interest Earned during Period 521,651 26 1,806,601.59 Adjusted by Premiums and Discounts 152,665 67 722,591 47 Adjusted by Capital Gams or Losses 1,62345 2,32002 Earnings during Periods 675,940 38 2,531,513 08 Pass Through Securities: Interest Collected 000 000 Plus Accrued Interest at End of Period 000 000 Less Accrued Interest at Beginning of Period ( 0 00) ( 0 00) Less Accrued Interest at Purchase During Period ( 0 00) ( 0 00) Interest Earned during Period 000 000 Adjusted by Premiums and Discounts 000 000 Adjusted by Capital Gams or Losses 000 000 Earnings during Periods 000 000 Cash/Checking Accounts: Interest Collected 614,210 13 1,096,342 09 Plus Accrued Interest at End of Period 211,396 45 211,396 45 Less Accrued Interest at Beginning of Period ( 616,181 27) ( 484,103 10) Interest Earned during Period 209,425 31 823,635.44 Total Interest Earned during Period 731,076.57 2,630,237.03 Total Adjustments from Premiums and Discounts 152,665.67 722,591.47 Total Capital Gains or Losses 1,623.45 2,320.02 Total Earnings during Period 885,365.69 3,355,148.52 Portfolio CITY AP Run Date 02/07/2008-10 37 PM(PRF_PM6)SyrnRept 6 41 202 Report Ver 5 00 State of California Pooled Money Investment Account Market Valuation 1/31/2008 ff United States Treasury- Federal Agency Corporate Repurchase Agreements $ - NA Fair Value Including Accrued |DtSrSSt $ 66,360,422'174 12 Repurchase Agreements, Time Deposits, /\B55 &General Fund loans, and ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of December 31,2007 Summary of investments by type Market Value Market Value Par Value Investment Type as of 11/30/07 as of 12/31/07 $5,772,111 Local Agency Investment Fund (LAIF) $5,730,936 $5,772,111 $0 Federal Agency Issues $0 $0 $8,238,094 Investment Agreements $8,190,455 $8,238,094 $2,292,708 Money Market Funds $2,417,920 $2,292,708 $0 US Treasury Securities $0 $0 $16,302,913 $16,339,311 $16,302,913 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 11/30/07 as of 12/31/07 $2,541,731 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,511,380 $2,541,731 $2,094,135 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,094,527 $2,094,135 $1,698,939 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,698,779 $1,698,939 $508,132 Huntington Beach Community Facilities District No 2002-1 (McDonnell Centre Business Park) $501,536 $508,132 $2,045,743 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,045,557 $2,045,743 $2,695,970 Huntington Beach PFA- 2001 Series B (1993 Civic Center&Police Administration Bldg Refinance) $2,695,726 $2,695,970 $1,269,495 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,265,546 $1,269,495 $174,923 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,921 $174,923 $1,648,780 Huntington Beach PFA-2000 Series A(Water System Impv, Beach Mnt Facility, Energy Retrofit, SB Phase 1) $1,600,624 $1,648,780 $773,975 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $763,894 $773,975 $679,307 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $822,367 $679,307 $171,783 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $164,454 $171,783 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $16,302,913 $16,339,311 $16,302,913 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2007 Beginning Balance Contributions Distributions/ Earnings Other Ending (9-30-07) Transfers (change in value) Balance (12-31-07) ICMA Retirement Corporation (457 Plan) $27,083,621 $622,660 ($352,677) ($330,836) ($50) $27,022,718 ICMA Retirement Corporation (401 Plan) $886,186 $25,705 $0 ($8,376) $0 $903,515 Nationwide Retirement Solutions (457 Plan) $56,790,510 $763,351 ($886,300) ($343,940) ($225) $56,323,396 Total Deferred Compensation Plan Balances $84,760,317 $1,411,716 ($1,238,977) ($683,152) ($275) $84,249,629 ATTACHMENT #4 Treasurer's Report ® Shari L. Fre®denrich, CPA, CC MT, CPF , CPFIM January Tre ' s 'me &P--& ort d Shari L . Freidenrich , CPA, CPFA, CPFIM March 17, 2008 Treasurer's Report - Shari L. Fre®denr®ch, CPA, CCMT, CPFA, CPFIM Financial Information: December January Inc./(Dec.) End of Month City Portfolio $228.325 $234.622 $6.297 End of Month Market Value $229.020 $236.485 $7.465 Interest Earned for Month $0.836 $0.885 $0.049 Earned Interest Yield Year to Date 4.74% 4.66% -0.08% Average Maturity ( in days) 377 407 30 YTD Average Daily Balance $212.711 $213.614 $0.903 Summary by Type: January % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $125.484 53% None 694 4.36% LAIF (State Pool) $56.324 24% 60% 1 4.62% U.S.Treasury Notes $16.038 7% None 272 4.32% Medium Term Notes $3.949 2% 20% 642 5.06% Discount Comm. Paper $17.922 8% 25% 37 4.81 % Discount Federal Agy $14.905 6% None 56 4.45% Total $234.622 100% 407 4.47% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: January 2008 Investment Summary Report COUNCIL MEETING DATE: March 17, 2008 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Ap l!cable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over$5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached R Not Applicable Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FOR ED Administrative Staff LIM&- Deputy City Administrator (initial) ( ) ) City Administrator (Initial) ) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: s B 0 . S RCA Author SLF Council/Agency Meeting Held: • �`T a Deferred/Continued to: jL AApproved ® Conditionally Approved ❑ Denied City;C erk'`Signatb�e Council Meeting Date: 2/4/2008 Department ID Number: CT08-06 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURE&111111�-' PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUREf,�11 SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S DECEMBER 2007 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 December 2007, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment .Report. Following review of the report by motion of Council, accept the Monthly Investment Report for December 2007, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 2/4/2008 DEPARTMENT ID NUMBER: CT08-06 Analysis: Not Applicable. Strategic Plan Goal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. Attachment(: 1. Monthly Investment Report and Summary of Investments for December 2007 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. December 2007 PowerPoint Presentation -2- 1122120OR 4-26 PM ATTACHMENT #:l City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for December 2007 City Investment Portfolio: November December Inc./(Dec.) End of month City Portfolio Balance $204,839,596 $228,324,879 $23,485,283 End of month General Fund Balance $22,667,993 $35,688,305 $13,020,312 Monthly Effective Rate of Return 4.81% 4.63% -0.18% Average Maturity( in days) 371 377 6 End of Month Market Value $205,524,737 $229,019,767 $23,495,030 End of month bank cash balance $4,389,190 $3,701,442 ($687,748) Bond Proceeds Investments:* October November Inc./(Dec.) End of Month Bond Reserve Par Value $16,483,281 $16,339,311 ($143,970) End of Month Bond Reserve Market Value $16,483,281 $16,339,311 ($143,970) Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $84,760,317 $84,249,629 ($510,688) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $505,167 $836,158 $330,991 Interest Earned Year to Date $1,515,501 $2,469,928 $954,427 Earned Interest Yield Year to Date 4.85% 4.74% 0.49% *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. December %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $105,708,058 46% None 720 4.47% Local Agency Inv. Fund (LAIF) $59,909,969 26% 60 million 1 4.80% Treasury Securities- Coupon $16,043,593 7% None 303 4.32% Medium Term Notes $3,946,488 2% 20% 673 5.06% Commercial Paper Disc. -Amortizing $23,873,072 11% 25% 40 4.93% Federal Agency Disc. -Amortizing $18,843,699 8% None 71 4.49% $228,324,879 100% 377 4.61% tAT I N GT� NcW eatf� 2� F9 City of Huntington Beach City off HB= 2000 Main St Portfolio Management Huntington Beach `8-„"jop9 oQ Portfolio Summary cF�UUNTY CP��F December 31, 2007 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 105,700,000.00 106,193,998.00 105,708,058.33 46.30 1,263 720 4.410 4.472 Local Agency Investment Funds 59,909,968.65 59,909,968.65 59,909,968.65 26.24 1 1 4.735 4.801 Treasury Securities-Coupon 16,000,000.00 16,182,200.00 16,043,592.97 7.03 548 303 4.258 4.317 Medium Term Notes 4,000,000.00 4,000,760.00 3,946,488.26 1.73 1,057 673 4.988 5.057 Commercial Paper Disc.-Amortizing 24,000,000.00 23,879,840.00 23,873,071.41 10.46 111 40 4.861 4.928 Federal Agency Disc.-Amortizing 19,000,000.00 18,853,000.00 18,843,698.89 8.25 126 71 4.432 4.494 228,609,968.65 229,019,766.65 228,324,878.51 100.00% 664 377 4.544 4.607 Investments Cash and Accrued Interest Accrued Interest at Purchase 244,017.27 244,017.27 Subtotal 244,017.27 244,017.27 Total Cash and Investments 228,609,968.65 229,263,783.92 228,568,895.78 664 377 4.544 4.607 Total Earnings December 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 836,157.56 2,469,928.37 Current Budget 505,167.00 1,515,501.00 6,062,004.00 Last Year Actual 761,301.00 2,202,808.00 10,317,142.00 Average Daily Balance 212,710,842.34 206,867,394.22 Effective Rate of Return 4.63% 4.74% 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 November 5,2007. 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 Interactive Data Corporation. C�- 2 2- O p SHA REIDENRI H,CPA,CITY TREASURER Reporting period 12/01/2007-12131/2007 Portfolio CITY AP Run Date:01/11/2008-14:35 PM(PRF_PM1)SyrnRept 6.41.202 Report Ver.5.00 City of 1-613 Portfolio Management Page 2 Portfolio Details - Investments December 31, 2007 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 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 996,880.00 1,000,000.00 3.500 AAA 3.500 105 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,996,260.00 2,000,000.00 4.000 AAA 4.000 301 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,997,500.00 2,000,000.00 4.000 AAA 4.000 349 12/15/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 2,000,000.00 2,000,000.00 4.480 AAA 4.480 902 06/21/2010 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,038,120.00 1,997,300.11 5.050 AAA 5.150 524 06/08/2009 31331XE57 3542 Federal Farm Credit Bank 06/18/2007 2,000,000.00 2,018,120.00 2,000,000.00 5.850 AAA 5.850 1,630 06/18/2012 31331YKRO 3599 Federal Farm Credit Bank 12/26/2007 2,000,000.00 2,000,620.00 2,000,000.00 4.350 AAA 4.350 450 03/26/2009 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,991,880.00 2,000,000.00 3.020 AAA 3.020 97 04/07/2008 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,988,120.00 2,000,000.00 3.320 AAA 3.320 209 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 2.900 210 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,846,540.50 1,850,000.00 4.000 AAA 4.000 272 09/29/2008 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 2,010,000.00 2,000,000.00 5.500 AAA 5.500 1,039 11/05/2010 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,023,120.00 2,000,000.00 5.700 AAA 5.700 1,332 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 2,021,880.00 2,000,000.00 5.430 AAA 5.430 1,360 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,055,620.00 2,000,000.00 5.300 AAA 5.300 1,353 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,021,880.00 2,000,000.00 5.250 AAA 5.250 672 11/03/2009 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2,000,000.00 2,011,260.00 2,000,000.00 5.150 AAA 5.150 927 07/16/2010 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2,031,880.00 2,000,000.00 5.300 AAA 5.300 1,319 08/12/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,051,260.00 2,000,000.00 5.550 AAA 5.550 1,624 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,040,000.00 1,996,930.56 5.350 AAA 5.419 896 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,101,880.00 2,000,000.00 5.600 AAA 5.600 1,662 07/20/2012 3133XM6S5 3557 Federal Home Loan Bank 09/04/2007 2,000,000.00 2,003,120.00 2,000,000.00 5.125 AAA 5.125 247 09/04/2008 3133XMHA2 3565 Federal Home Loan Bank 10/03/2007 2,000,000.00 2,002,500.00 2,000,000.00 4.700 AAA 4.700 276 10/03/2008 3133MEUC3 3577 Federal Home Loan Bank 11/02/2007 2,000,000.00 2,008,120.00 2,009,123.11 6.750 AAA 4.492 135 05/15/2008 3133XN4G1 3578 Federal Home Loan Bank 11/23/2007 2,000,000.00 1,998,120.00 2,000,000.00 4.360 AAA 4.360 143 05/23/2008 3133XNBW8 3579 Federal Home Loan Bank 11/26/2007 2,000,000.00 2,009,380.00 2,000,000.00 4.625 AAA 4.625 1,333 08/26/2011 3133XNEL9 3583 Federal Home Loan Bank 11/26/2007 2,000,000.00 1,996,880.00 2,000,000.00 4.335 AAA 4.335 143 05/23/2008 3133XNET2 3584 Federal Home Loan Bank 11/28/2007 2,000,000.00 1,995,620.00 2,000,000.00 4.375 AAA 4.375 118 04/28/2008 3133XNCK3 3585 Federal Home Loan Bank 11/26/2007 2,000,000.00 2,009,380.00 2,000,000.00 4.600 AAA 4.600 1,333 08/26/2011 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,022,500.00 2,000,000.00 4.500 AAA 4.500 1,812 12/17/2012 3133XNQT9 3589 Federal Home Loan Bank 12/26/2007 2,000,000.00 2,009,380.00 2,000,000.00 4.550 AAA 4.550 1,364 09/26/2011 3133XNR92 3590 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,003,760.00 2,000,000.00 4.375 AAA 4.375 990 09/17/2010 3133XNSR1 3594 Federal Home Loan Bank 12/18/2007 2,000,000.00 1,998,120.00 2,000,000.00 4.250 AAA 4.250 169 06/18/2008 3133XM2H3 3601 Federal Home Loan Bank 12/28/2007 2,000,000.00 2,006,880.00 2,009,041.55 4.885 AAA 4.149 232 08/20/2008 3128X1RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,984,980.00 2,000,000.00 3.000 AAA 3.000 203 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,998,100.00 2,000,000.00 3.000 AAA 3.000 22 01/23/2008 Portfolio CITY AP Run Date:01/11/2008-14:35 PM(PRF_PM2)SyrnRept 6,41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments December 31, 2007 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 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,993,560.00 2,000,000.00 3.560 AAA 3.560 115 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,019,780.00 2,000,000.00 4.125 AAA 4.125 687 11/18/2009 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,990,840.00 2,000,000.00 3.600 AAA 3.600 142 05/22/2008 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 2,012,960.00 1,998,494.44 5.250 AAA 5.273 1,374 10/06/2011 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2,000,000.00 2,010,240.00 2,000,000.00 5.050 AAA 5.050 717 12/18/2009 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 2,026,280.00 2,000,000.00 5.250 AAA 5.250 1,458 12/29/2011 3128X5WH7 3486 Federal Home Loan Mort Corp 02/05/2007 2,000,000.00 2,000,660.00 1,998,367.53 5.550 AAA 5.572 1,469 01/09/2012 3128X4MQ1 3571 Federal Home Loan Mort Corp 10/15/2007 2,000,000.00 2,002,780.00 1,996,817.49 4.480 AAA 4.706 262 09/19/2008 3128X6WC6 3597 Federal Home Loan Mort Corp 12/24/2007 2,000,000.00 2,005,160.00 2,000,000.00 4.450 AAA 4.450 997 09/24/2010 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 3.610 454 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,989,380.00 1,999,575.00 3.250 AAA 2.052 155 06/04/2008 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 2,000,000.00 2,000,000.00 4.250 AAA 4.250 637 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,993,120.00 2,000,000.00 3.700 AAA 3.700 143 05/23/2008 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 10/27/2006 2,000,000.00 2,024,380.00 2,000,000.00 5.375 AAA 5.375 1,395 10/27/2011 31359ME41 3586 Fed.Nat'l Mort.Assoc. 12/12/2007 2,850,000.00 2,846,437.50 2,844,860.37 3.875 AAA 4.212 196 07/15/2008 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,005,620.00 2,000,000.00 4.600 AAA 4.600 1,809 12/14/2012 31359MZH9 3592 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,006,260.00 2,007,548.17 4.500 AAA 4.003 288 10/15/2008 Subtotal and Average 98,945,962.00 105,700,000.00 106,193,998.00 105,708,068.33 4.472 720 Local Agency Investment Funds SYS982 982 Laif City 29,919,849.02 29,919,849.02 29,919,849.02 4.801 NR 4.801 1 SYS2206 2206 LAIF-Redevelopment Agency 29,990,119.63 29,990,119.63 29,990,119.63 4.801 NR 4.801 1 Subtotal and Average 57,893,194.46 59,909,968.65 59,909,968.65 59,909,968.65 4.801 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,055,320.00 2,000,902.44 4.875 AAA 4.834 592 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 2,017,500.00 1,995,951.89 4.625 AAA 4.909 273 09/30/2008 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 2,024,220.00 2,001,148.04 4.875 AAA 4.795 304 10/31/2008 912828FM7 3476 US Treasury Notes 01/17/2007 2,000,000.00 2,017,500.00 2,000,885.70 5.000 AAA 4.883 212 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 2,024,220.00 2,000,000.00 4.875 AAA 4.867 304 10/31/2008 912828ECO 3593 US Treasury Notes 12/14/2007 2,000,000.00 2,008,440.00 2,008,975.77 4.125 AAA 3.383 227 08/15/2008 912828FT2 3596 US Treasury Notes 12/14/2007 2,000,000.00 2,017,500.00 2,017,590.21 4.625 AAA 3.414 273 09/30/2008 912828FR6 3602 US Treasury Notes 12/28/2007 2,000,000.00 2,017,500.00 2,018,138.92 4.875 AAA 3.470 243 08/31/2008 Subtotal and Average 12,597,746.49 16,000,000.00 16,182,200.00 16,043,592.97 4.317 303 Portfolio CITY AP Run Date:01/11/2008-14:35 PM(PRF_PM2)SyrnRepl6.41.202 City of HB Portfolio Management Page 4 Portfolio Details - Investments December 31, 2007 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,010,360.00 1,956,276.25 4.200 Aaa 5.023 1,079 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 1,990,400.00 1,990,212.01 4.400 Aal 5.090 274 10/01/2008 Subtotal and Average 3,945,402.92 4,000,000.00 4,000,760.00 3,946,488.26 5.057 673 Commercial Paper Disc.-Amortizing 02581RBC6 3580 American Express 11/19/2007 2,000,000.00 1,989,680.00 1,989,290.00 4.590 P-1 4.705 42 02/12/2008 02581RAX1 3595 American Express 12/14/2007 2,000,000.00 1,992,660.00 1,992,850.00 4.290 P-1 4.375 30 01/31/2008 02581RAV5 3598 American Express 12/20/2007 2,000,000.00 1,993,180.00 1,993,326.67 4.290 P-1 4.370 28 01/29/2008 17307RAJ3 3551 Citigroup Global 07/27/2007 2,000,000.00 1,995,820.00 1,995,098.33 5.190 P-1 5.398 17 01/18/2008 17307RB45 3559 Citigroup Global 09/13/2007 2,000,000.00 1,991,700.00 1,989,856.67 5.370 P-1 5.564 34 02/04/2008 36959HBE6 3573 General Electric Capital Corp 10/18/2007 2,000,000.00 1,989,180.00 1,988,168.89 4.840 P-1 4.987 44 02/14/2008 36959HAR8 3575 General Electric Capital Corp 10/25/2007 2,000,000.00 1,994,180.00 1,993,706.67 4.720 P-1 4.844 24 01/25/2008 36959HCE5 3581 General Electric Capital Corp 11/19/2007 2,000,000.00 1,980,960.00 1,981,587.78 4.540 P-1 4.671 73 03/14/2008 36959HBUO 3591 General Electric Capital Corp 12/13/2007 2,000,000.00 1,985,460.00 1,985,628.89 4.460 P-1 4.565 58 02/28/2008 61745AB16 3556 Morgan Stanley Dean Witter 08/15/2007 2,000,000.00 1,992,420.00 1,990,837.78 5.320 Al P1 5.533 31 02/01/2008 61745ACHO 3560 Morgan Stanley Dean Witter 09/24/2007 2,000.000.00 1.980,160.00 1,978,846.67 5.010 Al P1 5.206 76 03/17/2008 90262CAQO 3574 UBS Finance Delaware LLC 10/24/2007 2,000,000.00 1,994,440.00 1,993,873.06 4.795 P-1 4.922 23 01/24/2008 Subtotal and Average 23,777,410.59 24,000,000.00 23,879,840.00 23,873,071.41 4.928 40 Federal Agency Disc.-Amortizing 313312RG7 3566 Federal Farm Credit Bank 10/03/2007 2,000,000.00 2,000,000.00 1,999,748.89 4.520 AAA 4.636 1 01/02/2008 313384UK3 3572 Federal Home Loan Bank 10/17/2007 1,000,000.00 991,400.00 990,394.44 4.550 AAA 4.704 76 03/17/2008 313384TH2 3582 Federal Home Loan Bank 11/20/2007 2,000,000.00 1,988,800.00 1,987,972.22 4.330 AAA 4.439 50 02/20/2008 313396SC8 3568 Federal Home Loan Mort Corp 10/05/2007 2,000,000.00 1,995,600.00 1,994,715.00 4.530 AAA 4.657 21 01/22/2008 313588SN6 3567 Fed.Nat'l Mort.Assoc. 10/04/2007 2,000,000.00 1,993,200.00 1,992,215.56 4.520 AAA 4.653 31 02/01/2008 313588SV8 3569 Fed.Nat'l Mort.Assoc. 10/10/2007 2,000,000.00 1,991,600.00 1,990,415.56 4.540 AAA 4.674 38 02/08/2008 313588TC9 3570 Fed.Nat'l Mort.Assoc. 10/11/2007 2,000,000.00 1,990,000.00 1,988,675.00 4.530 AAA 4.668 45 02/15/2008 3135881338 3600 Fed.Nat'l Mort.Assoc. 12/27/2007 2,000,000.00 1,953,600.00 1,952,333.33 3.900 AAA 4.111 220 08/08/2008 313588UD5 3603 Fed.NafI Mort.Assoc. 12/28/2007 2,000,000.00 1,984,200.00 1,983,588.89 4.220 AAA 4.316 70 03/11/2008 313588XZ3 3604 Fed.Nat'l Mort.Assoc. 12/31/2007 2,000,000.00 1,964,600.00 1,963,640.00 4.040 AAA 4.172 162 06/11/2008 Subtotal and Average 15,228,631.61 19,000,000.00 18,853,000.00 18,843,698.89 4.494 71 Treasury Discounts-Amortizing Subtotal and Average 322,494.27 Portfolio CITY AP Run Date:01/11/2008-14:35 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 5 Portfolio Details - Investments December 31, 2007 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 212,710,842.34 228,609,968.65 229,019,766.65 228,324,878.51 4.607 377 Portfolio CITY AP Run Date:01/11/2008-14:35 PM(PRF_PM2)SymRept 6.41.202 City of IiB Portfolio Management Page 6 Portfolio Details - Cash December 31, 2007 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 244,017.27 244,017.27 0 Subtotal 244,017.27 244,017.27 Total Cash and Investmentss 212,710,842.34 228,609,968.65 229,263,783.92 228,568,895.78 4.607 377 Portfolio CITY AP Run Date:01/11/2008-14:35 PM(PRF_PM2)SymRept 6.41.202 City of 9i13 Portfolio Management Page 7 Activity By Type December 1, 2007 through December 31, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331SWB5 3304 Federal Farm Credit Bank 4.620 12/13/2007 0.00 1,999,442.56 31331 SXVO 3308 Federal Farm Credit Bank 4.450 12/13/2007 0.00 2,000,000.00 31331XHPO 3452 Federal Farm Credit Bank 5.250 12/14/2007 0.00 2,000,000.00 31331YKRO 3599 Federal Farm Credit Bank 4.350 12/26/2007 2,000,000.00 0.00 3133XLEL3 3541 Federal Home Loan Bank 5.400 12/25/2007 0.00 2,000,000.00 3133XNPTO 3588 Federal Home Loan Bank 4.500 12/17/2007 2,000,000.00 0.00 3133XNQT9 3589 Federal Home Loan Bank 4.550 12/26/2007 2,000,000.00 0.00 3133XNR92 3590 Federal Home Loan Bank 4.375 12/17/2007 2,000,000.00 0.00 3133XNSR1 3594 Federal Home Loan Bank 4.250 12/18/2007 2,000,000.00 0.00 3133XM2H3 3601 Federal Home Loan Bank 4.885 12/28/2007 2,009,160.00 0.00 3128X5TDO 3460 Federal Home Loan Mort Corp 5.100 12/26/2007 0.00 2,000,000.00 3128X6WC6 3597 Federal Home Loan Mort Corp 4.450 12/24/2007 2,000,000.00 0.00 31359ME41 3586 Fed.Nat'l Mort.Assoc. 3.875 12/12/2007 2,844,357.00 0.00 3136178YW9 3587 Fed.Nat'l Mort.Assoc. 4.600 12/14/2007 2,000,000.00 0.00 31359MZH9 3592 Fed.Nat'l Mort.Assoc. 4.500 12/14/2007 2,008,000.00 0.00 Subtotal 20,861,517.00 9,999,442.56 105,708,058.33 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 4.801 10,900,000.00 9,000,000.00 SYS2206 2206 LAIF-Redevelopment Agency 4.801 660,000.00 0.00 Subtotal 11,560,000.00 9,000,000.00 59,909,968.65 Treasury Securities-Coupon 912828ECO 3593 US Treasury Notes 4.125 12/14/2007 2,009,687.50 0.00 912828FT2 3596 US Treasury Notes 4.625 12/14/2007 2,018,750.00 0.00 912828FR6 3602 US Treasury Notes 4.875 12/28/2007 2,018,437.50 0.00 Subtotal 6,046,875.00 0.00 16,043,592.97 Medium Term Notes Subtotal 3,946,488.26 Commercial Paper Disc.-Amortizing 02581SZM6 3561 American Express 4.750 12/21/2007 0.00 2,000,000.00 02581SZQ7 3562 American Express 4.740 12/24/2007 0.00 2,000,000.00 02581RAX1 3595 American Express 4.290 12/14/2007 1,988,560.00 0.00 02581RAV5 3598 American Express 4.290 12/20/2007 1,990,466.67 0.00 Portfolio CITY AP Run Date:01/10/2008-11:04 PM(PRF_PM3)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 8 Activity By Type December 1, 2007 through December 31, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Commercial Paper Disc.-Amortizing 36959HBUO 3591 General Electric Capital Corp 4.460 12/13/2007 1,980,921.11 0.00 Subtotal 5,959,947.78 4,000,000.00 23,873,071.41 Federal Agency Disc.-Amortizing 313312RAO 3563 Federal Farm Credit Bank 4.500 12/27/2007 0.00 2,000,000.00 313588638 3600 Fed.Nat'l Mort.Assoc. 3.900 12/27/2007 1,951,250.00 0.00 313588UD5 3603 Fed.Nat'l Mort.Assoc. 4.220 12/28/2007 1,982,651.11 0.00 313588XZ3 3604 Fed.Nat'l Mort.Assoc. 4.040 12/31/2007 1,963,415.56 0.00 Subtotal 5,897,316.67 2,000,000.00 18,843,698.89 Treasury Discounts-Amortizing 912795659 3547 United States Treasury Bills 4.820 12/06/2007 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 0.00 Total 50,325,656.45 26,999,442.56 228,324,878.51 Portfolio CITY AP Run Date:01/10/2008-11:04 PM(PRF_PM3)SyrnRept 6.41.202 City of HB Portfolio Management Page 9 Activity Summary December 2006 through December 2007 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 2006 89 198,659,563.25 4.571 4.634 5.129 21 14 727 387 January 2007 95 219,934,932.02 4.609 4.673 5.156 17 11 722 401 February 2007 94 219,391,301.54 4.678 4.743 5.181 12 13 737 429 March 2007 91 215,541,134.27 4.702 4.767 5.214 11 14 729 417 April 2007 100 222,964,352.01 4.758 4.825 5.222 17 8 667 371 May 2007 105 242,517,495.45 4.801 4.867 5.248 10 5 634 342 June 2007 105 243,107,792.06 4.803 4.870 5.250 10 10 679 368 July 2007 99 234,531,828.66 4.792 4.859 5.255 7 13 740 398 August 2007 90 219,378,158.87 4.809 4.876 5.253 5 14 749 394 September 2007 87 210,473,705.74 4.807 4.874 5.231 8 11 747 389 October 2007 85 205,534,858.98 4.725 4.791 5.137 12 14 754 380 November 2007 77 202,206,117.59 4.690 4.755 4.962 9 17 698 371 December 2007 87 212,710,842.34 4.544 4.607 4.801 19 9 664 377 Average 93 218,986,335.09 4.715% 4.780% 5.157 12 12 711 386 Portfolio CITY AP Run Date:01/10/2008-11:04 PM(PRF_PM4)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 10 Distribution of Investments By Type December 2006 through December 2007 December January February March April May June July August September October November December Average Security Type 2006 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 50.4 47.4 45.4 45.0 39.7 38.1 42.1 45.2 45.4 44.6 46.6 46.3 46.3 44.8% Local Agency Investment Funds 17.9 17.9 16.7 18.2 17.1 16.4 16.4 13.9 18.2 19.2 19.7 28.0 26.2 18.9% Treasury Securities-Coupon 8.6 10.7 10.1 9.3 8.6 7.4 7.4 8.1 6.6 6.7 6.9 4.9 7.0 7.9% Medium Term Notes 0.9 1.8 1.8 1.8 1.7 1.6 1.6 1.8 1.9 1.9 1.9 1.9 1.7 1.7% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 18.4 16.1 17.1 16.6 15.3 14.7 9.8 9.8 10.2 15.2 13.7 10.7 10.5 13.7% Federal Agency Disc.-Amortizing 2.8 2.7 1.8 0.9 5.9 8.1 8.1 7.1 7.5 5.7 8.3 7.3 8.3 5.7% Treasury Discounts-Amortizing 1.0 3.5 7.2 8.2 11.8 13.8 14.6 14.2 10.3 6.7 2.9 1.0 7.3% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:01/10/2008-11:04 PM(PRF_PM5)SymRept 6.41.202 Report Ver.5.00 City of 1-113 Portfolio Management Page 11 Interest Earnings Summary December 31, 2007 December 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 652,507.22 1,772,160.00 Plus Accrued Interest at End of Period 942,246.82 942,246.82 Less Accrued Interest at Beginning of Period ( 1,154,285.12) ( 1,429,456.49) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 440,468.92 1,284,950.33 Adjusted by Premiums and Discounts 159,068.13 569,925.80 Adjusted by Capital Gains or Losses 557.44 696.57 Earnings during Periods 600,094.49 1,855,572.70 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 0.00 482,131.96 Plus Accrued Interest at End of Period 616,326.81 616,326.81 Less Accrued Interest at Beginning of Period ( 380,263.74) ( 484,103.10) Interest Earned during Period 236,063.07 614,355.67 Total Interest Earned during Period 676,531.99 1,899,306.00 Total Adjustments from Premiums and Discounts 159,068.13 569,925.80 Total Capital Gains or Losses 557.44 696.67 Total Earnings during Period 836,157.56 2,469,928.37 Portfolio CITY AP Run Date:01/10/2008-11:04 PM(PRF_PM6)SymRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 12/31/2007 United States Treasury: Federal Agency: Fair Value Including Accrued |nbaneot $ 03.353.384.139.00 Repurchase Agreements, Time Oeposito, 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(1.000679115). Aoan example: ifon agency has on account balance of$2O.DOO.00O.00. then the agency would report its participation |n the LA|F valued ot $2O.O13.582.3Oor $2O.ODO.00O.00n1.000679115' ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of November 30,2007 Summary of investments by type Market Value Market Value Par Value Investment Type as of 10/31/07 as of 11/30/07 $5,730,936 Local Agency Investment Fund (LAIF) $5,730,935 $5,730,936 $0 Federal Agency Issues $0 $0 $8,190,455 Investment Agreements $8,190,455 $8,190,455 $2,417,920 Money Market Funds $2,561,891 $2,417,920 $0 US Treasury Securities $0 $0 $16,339,311 $16,483,281 $16,339,311 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 10/31/07 as of 11/30/07 $2,511,380 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,510,468 $2,511,380 $2,094,527 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,094,108 $2,094,527 $1,698,779 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,698,603 $1,698,779 $501,536 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $501,506 $501,536 $2,045,557 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,045,353 $2,045,557 $2,695,726 Huntington Beach PFA- 2001 Series B (1993 Civic Center&Police Administration Bldg. Refinance) $2,695,458 $2,695,726 $1,265,546 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,261,041 $1,265,546 $174,921 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,918 $174,921 $1,600,624 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,754,591 $1,600,624 $763,894 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $763,891 $763,894 $822,367 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $821,368 $822,367 $164,454 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $161,976 $164,454 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $16,339,311 $16,483,281 $16,339,311 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2007 Beginning Balance Contributions Distributions/ Earnings Other Ending (9-30-07) Transfers (change in value) Balance (09-30-07) ICMA Retirement Corporation (457 Plan) $27,083,621 $622,660 ($352,677) ($330,836) ($50) $27,022,718 lCMA Retirement Corporation (401 Plan) $886,186 $25,705 $0 ($8,376) $0 $903,515 Nationwide Retirement Solutions (457 Plan) $56,790,510 $763,351 ($886,300) ($343,940) ($225) $56,323,396 Total Deferred Compensation Plan Balances $84,760,317 $1,411,716 ($1,238,977) ($683,152) ($275) $84,249,629 ATTACHMENT #4 Treasurer's Report - Shari Le Freidenrich, CPA, CCMT, CPFA, CPFIM DECEMBER TREASURER'S REPORT. 4 i _ram a �-•' , 7 f Shari L . Freidenrich , CPA, CCMT, CPFA, CPFIM February 4, 2008 Slide 1 Treasurer's Report - Shari L . Fre®denrich, CPA, CC MT, CPFA, CPFtM Investment Balance Trends Portfolio Balances by Type $117 $160M $166M $210M 24 $22M 100% - 80% - M US Treas �L� � ii Me�} d Notes.s 60®/® �Cirp I�,�'r ��il .i,• I�rlii M ry 11 illYpllm di�mmilll M M Fed A 40�/0 g■ '��-`• "~� �4�� i��7i:�:� .:.Gi�, iI��I —ii4�i,�i� �Iln��rh `�''�� ,�H�!! El cG i q:d : 20®/0 iG po�il U�loi 0% Dec-03 Dec-04 Dec-05 Dec-06 Jun-07 Dec-07 Slide 2 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Percentages By Type of Investment Federal Agencies =iili!��iII!i !Gd �C i~ ru in ,�:u{ti iwd!��IiI9 �Iji i!v iii !;in ��i iCGI fill) "'3'::•. 4�[c% Commercial PaperR tr ,g Y 1% �,�i�!�6, 7:1•i��ilii ��!� � '�.. ��III�Iutiil�iti �i i �,!�a f��" C Hai '� p� �G.i r : Fed. Agcyl! �� N,id r Discount M 8% LeAIF Treasury Seto 26% 7% Medium Term Notes 2% Slide 3 'Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPF6 Liquidity Investment Maturities by Days, Ending December 2006/2007 50% ® 1 Day El 2-130 Days 40% 35°® .5 - 1 Yr. " 27% 1 - 1 .5 Yr. 30% IM 1 .5 - 2 Yr. 20% � �% .�.. �. ® ❑ 2 ® 3 Yr. 6®/® 7®/® ,k 6 /0 5% 3 - 4 Yr. ® � % o4 - 5Yr. i _ 10 /® 4 Sul l;' 13% 13% 9% 4% 27% 19% 4% 9% 2006 2007 slide 4 Treasurer's Report s Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months 30,000,000 $1 A20,000 $201000,000 $39120,000 $2,760,000 r $0 - - s n ($10200%000) - _ --- ($79940,000) ($2090009000) ($195 1559000) ($13,230,000) . Jan-08 Feb-08 Mar-08 Agar-08 May-08 Jun-08 OhM" M n au eS � = Slide 5 Treasurer's Report - Shari La Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Yields Trends fix, a-w 4.14% 4.52% 4.72% 4.69% 4.63% 5.00% 3.73% 4.00°/® ' 2.00% r 1 .00% WWK - _ h Mar-06 Jun-06 Dec-06 Mar-07 Jun-07 Dec-07 Slide 6 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Summary ®f investment by City Fund $1 9000000 $369000,000 $35 000 000 w �_ �k y $6,0009000 ffiff z�� 21 $3090009000 000,000 Slide 7 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIIVI Summary • Recommendation to City Council Slide 8 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: December 2007 Investment Summary Report COUNCIL MEETING DATE: February 4, 2008 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached Not Applicable Staff Report (If applicable) Attached t Applicable p Commission, Board or Committee Report (If applicable) Attached ❑ Not Ap licable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FOR, RDED Administrative Staff ( ) ) Deputy City Administrator (Initial) ( ( ) City Administrator (Initial) ( ) ) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: ® s RCA Author: SLF C d Council/Agency Meeting Held: / 0�1 D(f Deferred/Continued to: Approved ❑ Qonditionally Approved ❑ Denied ty Jerk' Signat r Council Meeting Date: 1/22/2008 Departm D Number: CT08-05 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR 40/PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURc� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S NOVEMBER 2007 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 November 2007, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for November 2007, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. r REQUEST FOR CITY COUNCIL. ACTION MEETING DATE: 1/22/2008 DEPARTMENT ID NUMBER: CT08-05 Analysis: Not Applicable. Strategic Plan Goal: Not Applicable - Administrative Action Environmental Status: Not Applicable. Attachment(s): Pq�ge NuO O 06 ripbon U 1. Monthly Investment Report and Summary of Investments for � November 2007 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. November 2007 PowerPoint Presentation -2- 1/7/2008 2:31 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for November 2007 City Investment Portfolio: October November Inc./(Dec.) End of month City Portfolio Balance $203,323,587 $204,839,596 $1,516,009 End of month General Fund Balance $23,177,320 $22,667,993 ($509,327) Monthly Effective Rate of Return 4.78% 4.81% 0.03% Average Maturity( in days) 380 371 (9) End of Month Market Value $203,548,302 $205,524,737 $1,976,435 End of month bank cash balance $4,884,018 $4,389,190 ($494,828) Bond Proceeds Investments:* September October Inc./(Dec.) End of Month Bond Reserve Par Value $16,111,980 $16,483,281 $371,301 End of Month Bond Reserve Market Value $16,111,980 $16,483,281 $371,301 Deferred Compensation Investments:** June September Inc./(Dec.) Participant Balances $83,095,531 $84,760,317 $1,664,786 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $505,167 $798,766 $293,599 Interest Earned Year to Date $1,010,334 $1,633,739 $623,405 Earned Interest Yield Year to Date 4.85% 4.79% 0.49% *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. November %of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $94,847,298 46% None 708 4.55% Local Agency Inv. Fund (LAIF) $57,349,969 28% 60 million 1 4.96% Treasury Securities-Coupon $9,998,722 5% None 368 4.86% Medium Term Notes $3,944,168 2% 20% 704 5.06% Commercial Paper Disc. -Amortizing $21,813,508 11% 25% 62 5.05% Federal Agency Disc. -Amortizing $14,887,270 7% None 60 4.63% Treasury Discounts-Amortizing $1,998,661 1% None 5 4.98% $204,839,596 100% 371 4.76% NT I NGTO/�j O HIWORA City of Huntington Beach , City of 1-113 2000 Main St v '#< _ Portfolio Management Huntington Beach 2cF00UNTY CP��F�e Portfolio Summary November 30, 2007 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 94,850,000.00 95,306,508.50 94,847,298.56 46.30 1,339 708 4.491 4.553 Local Agency Investment Funds 57,349,968.65 57,349,968.65 57,349,968.65 28.00 1 1 4.894 4.962 Treasury Securities-Coupon 10,000,000.00 10,154,080.00 9,998,722.23 4.88 721 368 4.791 4.858 Medium Term Notes 4,000,000.00 3,996,900.00 3,944,167.89 1.93 1,057 704 4.988 5.057 Commercial Paper Disc.-Amortizing 22,000,000.00 21,819,580.00 21,813,507.78 10.65 122 62 4.982 5.051 Federal Agency Disc.-Amortizing 15,000,000.00 14,898,200.00 14,887,270.27 7.27 110 60 4.562 4.626 Treasury Discounts-Amortizing 2,000,000.00 1,999,500.00 1,998,661.11 0.98 146 5 4.916 4.984 205,199,968.65 205,524,737.15 204,839,596.49 100.00% 698 371 4.690 4.755 Investments Cash and Accrued Interest Accrued Interest at Purchase 71,477.90 71,477.90 Subtotal 71,477.90 71,477.90 Total Cash and Investments 205,199,968.65 205,596,215.05 204,911,074.39 698 371 4.690 4.755 Total Earnings November 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 798,891.32 1,633,770.81 Current Budget 505,167.00 1,010,334.00 6,062,004.00 Last Year Actual 709,007.00 1,441,507.00 10,317,142.00 Average Daily Balance 202,206,117.59 203,897,773.05 Effective Rate of Return 4.81% 4.79% 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 November 5,2007. 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. Mar et Values provided by Union Bank via Merrill Lynch and Interactive Data Corporation. C) -d S RI . FREIDE ICH,CPA,CITY TREASURER Reporting period 11/01/2007-11/30/2007 Portfolio CITY AP Run Date:01/11/2008-1437 PM(PRF_PM1)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments November 30, 2007 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 31331TC74 3230 Federal Farm Credit Bank 04/15/2004 1,000,000.00 996,560.00 1,000,000.00 3.500 AAA 3.500 136 04/15/2008 31331SCQ4 3263 Federal Farm Credit Bank 10/28/2004 2,000,000.00 1,996,260.00 2,000,000.00 4.000 AAA 4.000 332 10/28/2008 31331SGHO 3276 Federal Farm Credit Bank 12/15/2004 2,000,000.00 1,997,500.00 2,000,000.00 4.000 AAA 4.000 380 12/15/2008 31331SW135 3304 Federal Farm Credit Bank 05/06/2005 2,000,000.00 2,000,000.00 1,999,429.21 4.620 AAA 4.642 520 05/04/2009 31331SXV0 3308 Federal Farm Credit Bank 05/24/2005 2,000,000.00 2,000,000.00 2,000,000.00 4.450 AAA 4.450 359 11/24/2008 31331SD59 3314 Federal Farm Credit Bank 06/21/2005 2,000,000.00 2,000,000.00 2,000,000.00 4.480 AAA 4.480 933 06/21/2010 31331XHPO 3452 Federal Farm Credit Bank 12/14/2006 2,000,000.00 2,000,620.00 2,000,000.00 5.250 AAA 5.250 1,109 12/14/2010 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,037,500.00 1,997,143.44 5.050 AAA 5.150 555 06/08/2009 31331XE57 3542 Federal Farm Credit Bank 06/18/2007 2,000,000.00 2,020,000.00 2,000,000.00 5.850 AAA 5.850 1,661 06/18/2012 3133MXEL9 3136 Federal Home Loan Bank 04/07/2003 2,000,000.00 1,990,620.00 2,000,000.00 3.020 AAA 3.020 128 04/07/2008 31339YJE3 3164 Federal Home Loan Bank 07/28/2003 2,000,000.00 1,986,260.00 2,000,000.00 3.320 AAA 3.320 240 07/28/2008 31339YNF5 3165 Federal Home Loan Bank 07/29/2003 2,000,000.00 1,980,620.00 2,000,000.00 2.900 AAA 2.900 241 07/29/2008 3133X1CF2 3178 Federal Home Loan Bank 09/29/2003 1,850,000.00 1,845,948.50 1,850,000.00 4.000 AAA 4.000 303 09/29/2008 3133XFFF8 3378 Federal Home Loan Bank 05/05/2006 2,000,000.00 2,011,880.00 2,000,000.00 5.500 AAA 5.500 1,070 11/05/2010 3133XGN59 3413 Federal Home Loan Bank 08/25/2006 2,000,000.00 2,025,620.00 2,000,000.00 5.700 AAA 5.700 1,363 08/25/2011 3133XGWP5 3421 Federal Home Loan Bank 09/22/2006 2,000,000.00 2,023,760.00 2,000,000.00 5.430 AAA 5.430 1,391 09/22/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,056,260.00 2,000,000.00 5.300 AAA 5.300 1,384 09/15/2011 3133XHNL2 3437 Federal Home Loan Bank 11/03/2006 2,000,000.00 2,021,880.00 2,000,000.00 5.250 AAA 5.250 703 11/03/2009 3133XJKL1 3474 Federal Home Loan Bank 01/16/2007 2,000,000.00 2,011,880.00 2,000,000.00 5.150 AAA 5.150 958 07/16/2010 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2,033,760.00 2,000,000.00 5.300 AAA 5.300 1,350 08/12/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,051,880.00 2,000,000.00 5.550 AAA 5.550 1,655 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,040,620.00 1,996,826.39 5.350 AAA 5.419 927 06/15/2010 3133XLEL3 3541 Federal Home Loan Bank 06/25/2007 2,000,000.00 2,001,260.00 2,000,000.00 5.400 AAA 5.400 207 06/25/2008 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,098,760.00 2,000,000.00 5.600 AAA 5.600 1,693 07/20/2012 3133XM6S5 3557 Federal Home Loan Bank 09/04/2007 2,000,000.00 2,004,380.00 2,000,000.00 5.125 AAA 5.125 278 09/04/2008 3133XMHA2 3565 Federal Home Loan Bank 10/03/2007 2,000,000.00 2,003,120.00 2,000,000.00 4.700 AAA 4.700 307 10/03/2008 3133MEUC3 3577 Federal Home Loan Bank 11/02/2007 2,000,000.00 2,011,260.00 2,011,165.60 5.750 AAA 4.492 166 05/15/2008 3133XN4G1 3578 Federal Home Loan Bank 11/23/2007 2,000,000.00 1,998,760.00 2,000,000.00 4.360 AAA 4.360 174 05/23/2008 3133XNBW8 3579 Federal Home Loan Bank 11/26/2007 2.000,000.00 2,010,000.00 2,000,000.00 4.625 AAA 4.625 1,364 08/26/2011 3133XNEL9 3583 Federal Home Loan Bank 11/26/2007 2,000,000.00 1,996,880.00 2,000,000.00 4.335 AAA 4.335 174 05/23/2008 3133XNET2 3584 Federal Home Loan Bank 11/28/2007 2,000,000.00 1,996,260.00 2,000,000.00 4.375 AAA 4.375 149 04/28/2008 3133XNCK3 3585 Federal Home Loan Bank 11/26/2007 2,000,000.00 2,009,380.00 2,000,000.00 4.600 AAA 4.600 1,364 08/26/2011 3128X1 RJ8 3158 Federal Home Loan Mort Corp 07/22/2003 2,000,000.00 1,982,240.00 2,000,000.00 3.000 AAA 3.000 234 07/22/2008 3128X1TF4 3163 Federal Home Loan Mort Corp 07/23/2003 2,000,000.00 1,996,120.00 2,000,000.00 3.000 AAA 3.000 53 01/23/2008 3128X3D91 3264 Federal Home Loan Mort Corp 10/25/2004 2,000,000.00 1,994,820.00 2,000,000.00 3.560 AAA 3.560 146 04/25/2008 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,016,100.00 2,000,000.00 4.125 AAA 4.125 718 11/18/2009 Portfolio CITY AP Run Date:01/11/2008-14:37 PM(PRF_PM2)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments November 30, 2007 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 3128X3K93 3267 Federal Home Loan Mort Corp 11/22/2004 2,000,000.00 1,992,180.00 2,000,000.00 3.600 AAA 3.600 173 05/22/2008 3128X5LP1 3429 Federal Home Loan Mort Corp 10/06/2006 2,000,000.00 2,022,120.00 1,998,461.11 5.250 AAA 5.273 1,405 10/06/2011 3128X5TU2 3459 Federal Home Loan Mort Corp 12/18/2006 2,000,000.00 2,010,840.00 2,000,000.00 5.050 AAA 5.050 748 12/18/2009 3128X5TD0 3460 Federal Home Loan Mort Corp 12/26/2006 2,000,000.00 2,001,360.00 2,000,000.00 5.100 AAA 5.100 391 12/26/2008 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 2,027,520.00 2,000,000.00 5.250 AAA 5.250 1,489 12/29/2011 3128X5WH7 3486 Federal Home Loan Mort Corp 02/05/2007 2,000,000.00 2,003,360.00 1,998,333.71 5.550 AAA 5.572 1,500 01/09/2012 3128X4MQ1 3571 Federal Home Loan Mort Corp 10/15/2007 2,000,000.00 2,002,860.00 1,996,447.43 4.480 AAA 4.706 293 09/19/2008 3136F5KW0 3223 Fed.Nat'l Mort.Assoc. 03/30/2004 2,000,000.00 1,991,880.00 2,000,000.00 3.610 AAA 3.610 485 03/30/2009 31359MSC8 3242 Fed.Nat'l Mort.Assoc. 06/04/2004 2,000,000.00 1,987,500.00 1,999,491.67 3.250 AAA 2.052 186 06/04/2008 3136F6FY0 3259 Fed.Nat'l Mort.Assoc. 09/29/2004 2,000,000.00 2,000,000.00 2,000,000.00 4.250 AAA 4.250 668 09/29/2009 3136F6MN6 3268 Fed.Nat'l Mort.Assoc. 11/23/2004 2,000,000.00 1,992,500.00 2,000,000.00 3.700 AAA 3.700 174 05/23/2008 3136F74N4 3433 Fed.Nat'l Mort.Assoc. 10/27/2006 2,000,000.00 2,025,620.00 2,000,000.00 5.375 AAA 5.375 1,426 10/27/2011 Subtotal and Average 92,247,364.73 94,850,000.00 95,306,508.50 94,847,298.56 4.553 708 Local Agency Investment Funds SYS982 982 Laif City 28,019,849.02 28,019,849.02 28,019,849.02 4.962 NR 4.962 1 SYS2206 2206 LAIF-Redevelopment Agency 29,330,119.63 29,330,119.63 29,330,119.63 4.962 NR 4.962 1 Subtotal and Average 51,086,635.32 57,349,968.65 57,349,968.65 57,349,968.65 4.962 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,057,500.00 2,000,949.70 4.875 AAA 4.834 623 08/15/2009 912828FT2 3436 US Treasury Notes 10/25/2006 2,000,000.00 2,020,320.00 1,995,492.21 4.625 AAA 4.909 304 09/30/2008 912828FV7 3473 US Treasury Notes 01/08/2007 2,000,000.00 2,027,660.00 2,001,265.11 4.875 AAA 4.795 335 10/31/2008 912828FM7 3476 US Treasury Notes 01/17/2007 2,000,000.00 2,020,940.00 2,001,015.21 5.000 AAA 4.883 243 07/31/2008 912828FV7 3477 US Treasury Notes 01/17/2007 2,000,000.00 2,027,660.00 2,000,000.00 4.875 AAA 4.867 335 10/31/2008 Subtotal and Average 11,865,227.71 10,000,000.00 10,154,080.00 9,998,722.23 4.858 368 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,010,620.00 1,955,043.44 4.200 Aaa 5.023 1,110 12/15/2010 89233PUV6 3438 Toyota Motor Credit 11/08/2006 2,000,000.00 1,986,280.00 1,989,124.45 4.400 Aa1 5.090 305 10/01/2008 Subtotal and Average 3,943,046.38 4,000,000.00 3,996,900.00 3,944,167.89 5.057 704 Commercial Paper Disc.-Amortizing 02581SZM6 3561 American Express 09/25/2007 2,000,000.00 1,995,360.00 1,994,722.22 4.750 P-1 4.872 20 12/21/2007 02581SZQ7 3562 American Express 09/26/2007 2,000,000.00 1,994,580.00 1,993,943.33 4.740 P-1 4.863 23 12/24/2007 02581RBC6 3580 American Express 11/19/2007 2,000,000.00 1,980,600.00 1,981,385.00 4.590 P-1 4.705 73 02/12/2008 Portfolio CITY AP Run Date:01/11/2008-14:37 PM(PRF_PM2)SymRept 6.41.202 City of 1-113 Portfolio Management Page 4 Portfolio Details - Investments November 30, 2007 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 17307RAJ3 3551 Citigroup Global 07/27/2007 2,000,000.00 1,987,480.00 1,986,160.00 5.190 P-1 5.398 48 01/18/2008 17307RB45 3559 Citigroup Global 09/13/2007 2,000,000.00 1,982,780.00 1,980,608.33 5.370 P-1 5.564 65 02/04/2008 36959HBE6 3573 General Electric Capital Corp 10/18/2007 2,000,000.00 1,980,040.00 1,979,833.33 4.840 P-1 4.987 75 02/14/2008 36959HAR8 3575 General Electric Capital Corp 10/25/2007 2,000,000.00 1,985,580.00 1,985,577.78 4.720 P-1 4.844 55 01/25/2008 36959HCE5 3581 General Electric Capital Corp 11/19/2007 2,000,000.00 1,972,240.00 1,973,768.89 4.540 P-1 4.671 104 03/14/2008 61745AB16 3556 Morgan Stanley Dean Witter 08/15/2007 2,000,000.00 1,983,660.00 1,981,675.56 5.320 A1P1 5.533 62 02/01/2008 61745ACHO 3560 Morgan Stanley Dean Witter 09/24/2007 2,000,000.00 1,971,420.00 1,970,218.34 5.010 A1131 5.206 107 03/17/2008 90262CAQO 3574 UBS Finance Delaware LLC 10/24/2007 2,000,000.00 1,985,840.00 1,985,615.00 4.795 P-1 4.922 54 01/24/2008 Subtotal and Average 23,598,288.20 22,000,000.00 21,819,580.00 21,813,507.78 5.051 62 Federal Agency Disc.-Amortizing 313312RAO 3563 Federal Farm Credit Bank 09/26/2007 2,000,000.00 1,994,600.00 1,993,500.00 4.500 AAA 4.616 26 12/27/2007 313312RG7 3566 Federal Farm Credit Bank 10/03/2007 2,000,000.00 1,993,000.00 1,991,964.44 4.520 AAA 4.636 32 01/02/2008 313384UK3 3572 Federal Home Loan Bank 10/17/2007 1,000,000.00 987,800.00 986,476.39 4.550 AAA 4.704 107 03/17/2008 313384TH2 3582 Federal Home Loan Bank 11/20/2007 2,000,000.00 1,981,600.00 1,980,515.00 4.330 AAA 4.439 81 02/20/2008 313396SC8 3568 Federal Home Loan Mort Corp 10/05/2007 2,000,000.00 1,988,200.00 1,986,913.33 4.530 AAA 4.657 52 01/22/2008 313588SN6 3567 Fed.Nat'l Mort.Assoc. 10/04/2007 2,000,000.00 1,986,000.00 1.984,431.11 4.520 AAA 4.653 62 02/01/2008 313588SV8 3569 Fed.Nat'l Mort.Assoc. 10/10/2007 2,000,000.00 1,984,400.00 1,982,596.67 4.540 AAA 4.674 69 02/08/2008 313588TC9 3570 Fed.Nat'l Mort.Assoc. 10/11/2007 2,000,000.00 1,982,600.00 1,980,873.33 4.530 AAA 4.668 76 02/15/2008 Subtotal and Average 14,674,872.12 15,000,000.00 14,898,200.00 14,887,270.27 4.626 60 Treasury Discounts-Amortizing 912795659 3547 United States Treasury Bills 07/13/2007 2,000,000.00 1,999,500.00 1,998,661.11 4.820 AAA 4.984 5 12/06/2007 Subtotal and Average 4,790,683.13 2,000,000.00 1,999,500.00 1,998,661.11 4.984 5 Total and Average 202,206,117.59 205,199,968.65 205,524,737.15 204,839,596.49 4.765 371 Portfolio CITY AP Run Date:01/11/2008-14:37 PM(PRF_PM2)SymRept 6.41.202 City of 1-113 Portfolio Management Page 5 Portfolio Details - Cash November 30, 2007 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 71,477.90 71,477.90 0 Subtotal 71,477.90 71,477.90 Total Cash and Investmentss 202,206,117.59 205,199,968.65 205,596,215.05 204,911,074.39 4.755 371 Portfolio CITY AP Run Date:01/11/2008-14:37 PM(PRF_PM2)SymRept 6.41.202 City of HB Portfolio Management Page 6 Activity By Type November 1, 2007 through November 30, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331SMB6 3288 Federal Farm Credit Bank 3.700 11/02/2007 0.00 2,000,000.00 3133XHV41 3442 Federal Home Loan Bank 5.200 11/21/2007 0.00 2,000,000.00 3133XKM51 3525 Federal Home Loan Bank 5.250 11/02/2007 0.00 2,000,000.00 3133MEUC3 3577 Federal Home Loan Bank 5.750 11/02/2007 2,013,140.00 0.00 3133XN4G1 3578 Federal Home Loan Bank 4.360 11/23/2007 2,000,000.00 0.00 3133XNBW8 3579 Federal Home Loan Bank 4.625 11/26/2007 2,000,000.00 0.00 3133XNEL9 3583 Federal Home Loan Bank 4.335 11/26/2007 2,000,000.00 0.00 3133XNET2 3584 Federal Home Loan Bank 4.375 11/28/2007 2,000,000.00 0.00 3133XNCK3 3585 Federal Home Loan Bank 4.600 11/26/2007 2,000,000.00 0.00 3128X5QK7 3446 Federal Home Loan Mort Corp 5.500 11/28/2007 0.00 2,000,000.00 3128X5PT9 3468 Federal Home Loan Mort Corp 5.250 11/20/2007 0.00 1,999,860.87 3136F6PB9 3273 Fed.Nat'I Mort.Assoc. 3.700 11/19/2007 0.00 2,000,000.00 Subtotal 12,013,140.00 11,999,860.87 94,847,298.56 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 4.801 19,100,000.00 10,000,000.00 SYS2206 2206 LAIF-Redevelopment Agency 4.801 8,300,000.00 0.00 Subtotal 27,400,000.00 10,000,000.00 57,349,968.65 Treasury Securities-Coupon 91282BANO 3244 US Treasury Notes 3.000 11/15/2007 0.00 2,000,000.00 912828ANO 3270 US Treasury Notes 3.000 11/15/2007 0.00 2,000,000.00 Subtotal 0.00 4,000,000.00 9,998,722.23 Medium Term Notes Subtotal 3,9",167.89 Commercial Paper Disc.-Amortizing 02581RBC6 3580 American Express 4.590 11/19/2007 1,978,325.00 0.00 17307SYD8 3552 Citigroup Global 5.280 11/13/2007 0.00 2,000,000.00 36959JY98 3544 General Electric Capital Corp 5.185 11/09/2007 0.00 2,000,000.00 36959JYD9 3554 General Electric Capital Corp 5.250 11/13/2007 0.00 2,000,000.00 36959HCE5 3581 General Electric Capital Corp 4.540 11/19/2007 1,970,742.22 0.00 61745BYT8 3555 Morgan Stanley Dean Witter 5.520 11/27/2007 0.00 2,000,000.00 90262DY66 3545 UBS Finance Delaware LLC 5.225 11/06/2007 0.00 2,000,000.00 Portfolio CITY AP Run Date:01/11/2008-14:37 PM(PRF_PM3)SymRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity By Type November 1, 2007 through November 30, 2007 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Subtotal 3,949,067.22 10,000,000.00 21,813,507.78 Federal Agency Disc.-Amortizing 313312NW6 3576 Federal Farm Credit Bank 4.370 11/05/2007 0.00 2,000,000.00 313384TH2 3582 Federal Home Loan Bank 4.330 11/20/2007 1,977,868.89 0.00 313396PE7 3564 Federal Home Loan Mort Corp 4.530 11/13/2007 0.00 2,000,000.00 Subtotal 1,977,868.89 4,000,000.00 14,887,270.27 Treasury Discounts-Amortizing 9127951326 3533 United States Treasury Bills 4.695 11/15/2007 0.00 2,000,000.00 9127951342 3535 United States Treasury Bills 4.720 11/29/2007 0.00 2,000,000.00 Subtotal 0.00 4,000,000.00 1,998,661.11 Total 45,340,076.11 43,999,860.87 204,839,596.49 Portfolio CITY AP Run Date:01/11/2008-14:37 PM(PRF_PM3)SymRept 6,41.202 City of HB Portfolio Management Page 8 Activity Summary November 2006 through November 2007 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 2006 82 192,126,388.82 4.426 4.487 5.111 10 10 767 381 December 2006 89 198,659,563.25 4.571 4.634 5.129 21 14 727 387 January 2007 95 219,934,932.02 4.609 4.673 5.156 17 11 722 401 February 2007 94 219,391,301.54 4.678 4.743 5.181 12 13 737 429 March 2007 91 215,541,134.27 4.702 4.767 5.214 11 14 729 417 April 2007 100 222,964,352.01 4.758 4.825 5.222 17 8 667 371 May 2007 105 242,517,495.45 4.801 4.867 5.248 10 5 634 342 June 2007 105 243,107,792.06 4.803 4.870 5.250 10 10 679 368 July 2007 99 234,531,828.66 4.792 4.859 5.255 7 13 740 398 August 2007 90 219,378,158.87 4.809 4.876 5.253 5 14 749 394 September 2007 87 210,473,705.74 4.807 4.874 5.231 8 11 747 389 October 2007 85 205,534,858.98 4.725 4.791 5.137 12 14 754 380 November 2007 77 202,206,117.59 4.690 4.755 4.962 9 17 698 371 Average 92 217,438,846.19 4.705% 4.771% 5.181 11 12 719 387 Portfolio CITY AP Run Date:01/11/2008-14:37 PM(PRF_PM4)SyrnRept 6.41.202 Report Ver.5.00 City of I-IB Portfolio Management Page 9 Distribution of Investments By Type November 2006 through November 2007 November December January February March April May June July August September October November Average Security Type 2006 2006 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 57.7 50.4 47.4 45.4 45.0 39.7 38.1 42.1 45.2 45.4 44.6 46.6 46.3 45.7% Local Agency Investment Funds 20.0 17.9 17.9 16.7 18.2 17.1 16.4 16.4 13.9 18.2 19.2 19.7 28.0 18.4% Treasury Securities-Coupon 9.1 8.6 10.7 10.1 9.3 8.6 7.4 7.4 8.1 6.6 6.7 6.9 4.9 8.0% Medium Term Notes 1.0 0.9 1.8 1.8 1.8 1.7 1.6 1.6 1.8 1.9 1.9 1.9 1.9 1.7% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 9.1 18.4 16.1 17.1 16.6 15.3 14.7 9.8 9.8 10.2 15.2 13.7 10.7 13.6% Federal Agency Disc.-Amortizing 1.0 2.8 2.7 1.8 0.9 5.9 8.1 8.1 7.1 7.5 5.7 8.3 7.3 5.2% Treasury Discounts-Amortizing 2.0 1.0 3.5 7.2 8.2 11.8 13.8 14.6 14.2 10.3 6.7 2.9 1.0 7.5% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:01/11/2008-14:37 PM(PRF_PM5)SyrnRept 6.41.202 Report Ver.5.00 City of HB Portfolio Management Page 10 Interest Earnings Summary November 30, 2007 November 30 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 696,102.78 1,119,652.78 Plus Accrued Interest at End of Period 1,154,285.12 1,154,285.12 Less Accrued Interest at Beginning of Period ( 1,435,779.57) ( 1,429,456.49) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 414,608.33 844,481.41 Adjusted by Premiums and Discounts 175,794.36 410,857.67 Adjusted by Capital Gains or Losses 139.13 139.13 Earnings during Periods 590,541.82 1,255,478.21 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 0.00 482,131.96 Plus Accrued Interest at End of Period 380,263.74 380,263.74 Less Accrued Interest at Beginning of Period ( 171,914.24) ( 484,103.10) Interest Earned during Period 208,349.50 378,292.60 Total Interest Earned during Period 622,957.83 1,222,774.01 Total Adjustments from Premiums and Discounts 175,794.36 410,857.67 Total Capital Gains or Losses 139.13 139.13 Total Earnings during Period 798,891.32 1,633,770.81 Portfolio CITY AP Run Date:01/11/2008-1437 PM(PRF_PM6)SyrnRept 6.41.202 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 11/30/2007 HE United States Treasury: Federal Agency: Repurchase Agreements $ NA Fair Value Including Accrued Interest $ 61.605.045.946.81 Repurchase Agreements, Time Deposits,ABS5 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of October 31,2007 Summary of investments by type Market Value Market Value Par Value Investment Type as of 9/30/07 as of 10/31/07 $5,730,935 Local Agency Investment Fund(LAIF) $5,006,284 $5,730,935 $0 Federal Agency Issues $0 $0 $8,190,455 Investment Agreements $8,237,586 $8,190,455 $2,561,891 Money Market Funds $2,868,110 $2,561,891 $0 US Treasury Securities $0 $0 $16,483,281 $16,111,980 $16,483,281 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 9/30/07 as of 10/31/07 $2,510,468 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,509,555 $2,510,468 $2,094,108 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,325,309 $2,094,108 $1,698,603 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,698,427 $1,698,603 $501,506 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $502,670 $501,506 $2,045,353 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,044,654 $2,045,353 $2,695,458 Huntington Beach PFA- 2001 Series B (1993 Civic Center&Police Administration Bldg. Refinance) $2,695,191 $2,695,458 $1,261,041 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,272,905 $1,261,041 $174,918 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $307,219 $174,918 $1,754,591 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,692,394 $1,754,591 $763,891 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $78,909 $763,891 $821,368 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $820,374 $821,368 $161,976 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $164,373 $161,976 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $16,483,281 $16,111,980 $16,483,281 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2007 Beginning Balance Contributions Distributions/ Earnings Other Ending (6-30-07) Transfers (change in value) Balance (09-30-07) ICMA Retirement Corporation (457 Plan) $25,833,522 $1,192,801 ($513,505) $570,954 ($151) $27,083,621 ICMA Retirement Corporation (401 Plan) $828,815 $40,207 $0 $17,164 $0 $886,186 Nationwide Retirement Solutions (457 Plan) $56,433,194 $914,257 ($1,512,754) $955,938 ($125) $56,790,510 Total Deferred Compensation Plan Balances $83,095,531 $2,147,265 ($2,026,259) $1,544,056 ($276) $84,760,317 ATTACHMENT #4 Treasurers Report - Shari L. Freidenrich, CPA, CC MT, CPFA, CPFI November Treasurer' ti Shari L . Freidenrich , CPA, CPFA, January 22 , 2008 Treasurer's Report s Shari L. Freidenrich, CPA, CC MT, CPFA, CPFI Financial Information: October November Inc./(Deco) End of Month City Portfolio $203.324 $204.840 $1 .516 End of Month Market Value $203.548 $205.525 $1 .977 Interest Earned for Month $0.835 $0.799 ($0.036) Earned Interest Yield Year to Date 4.78% 4.79% 0.01 % Average Maturity ( in days) 380 371 (9) YTD Average Daily Balance $205.535 $203.898 ($1 .637) Summary by Type: November % of Total Policy Limit Days to Mate Rate Federal Agy - Coupon $94.847 46% None 708 4.55% LAIF (State Pool) $57.350 28% 60% 1 4.96% U.S.Treasury Notes $9.999 5% None 368 4.86% Medium Term Notes $3.944 2% 20% 704 5.06% Discount Comm. Paper $21 .814 11 % 25% 62 5.05% Discount Federal Agy $14.887 7% None 60 4.63% Discount Treasury Note $1 .999 1 % None 5 4.98% Total $204.840 100% 371 4.76% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: November 2007 Investment Summary Report COUNCIL MEETING DATE: January 22, 2008 RCA ATT° CII�EIle`TS ,,STATUS Ordinance (w/exhibits & legislative draft if applicable) NotAttach Apptl El Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Notached t Applicable Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable 8XPLANATION FOR MISSINPAVACHIVIENTS , I21/IEWED RETtJE2NED FORU!l4RD�D Administrative Staff ( ) Deputy City Administrator (Initial) ) City Administrator (Initial) ( ( ) City Clerk ( ) EXP„L;4NATIOWFOR RETURN OF ITEM: VVu b `mot Only)(4616W Space,For City Clerk's Use RCA Author: SLF