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2002 City Treasurer's Monthly Investment Summary Reports - B
City of Huntington Beach •� P O Box 711 CALIFORNIA 92648' t TELEPHONE 714 536.5200 FAx 714 374.1603 SHARI L. FREIDENRICH . CITY TREASURER CITY TREASURER DEPARTMENT Mission To collect and deposit in a timely manner all moneys received by the City in compliance with the Huntington Beach Municipal Code and applicable State and Federal laws. To invest those moneys in compliance with an approved investment policy and assure the objectives of safety, liquidity, and a market rate yield. To monitor revenues, cash flow needs and cash controls. The City Treasurer is responsible for collecting all taxes and fees from all municipal services, including the City's water utility, and business license. Strategic Plan Fiscal Integrity — The City Treasurer plays a key roll in ensuring prudent fiscal practices through an adopted Investment Policy, by maximizing the efficiency of the City's management of cash, and through the prudent investments of the City's funds. In addition, the City Treasurer is instrumental in helping to develop an e- commerce capability to serve our 60,000 municipal services customers and City-to-business needs. Organizational Development and Technology — The City Treasurer participates in training and develops employees with service driven attitude and performance to meet the needs of internal and external customers. The City Treasurer is upgrading all its systems to be able to effectively develop information and services available on our web site which will allow 24/7 customer service. Goals 1. Administer the investment portfolio of the City in a manner consistent with prudent conservative financial practices to ensure the safety, liquidity of investments and to receive a market rate of return. 2. Hold a joint study session annually with the Investment Advisory Board and the City Council. 3. Strive to provide customer service that exceeds our customer's expectations to both our internal and external customers. 4. Hold all bonds and release bonds timely after proper approval. 5. Enhance customer service and operational efficiency through the use of technology. 6. Manage collection of City revenues-in the most efficient and effective manner including the issuing of over 16,000 Business Licenses. 7. Provide Utility billing services for over 60,000 customers for water, trash, sewer and FireMed. City of HB Portfolio Management Page 5 Portfolio Details -Cash May 31, 2002 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 833.33 833.33 0 Subtotal 833.33 833.33 Total Cash and Investmentss 110,728,005.96 113,388,979.04 114,644,961.52 113,301,041.94 4.290 468 Portfolio CITY AP Run Date:06/28/2002.15:25 PM(PRF PM2)SymRept V6.21 City of HB Portfolio Management Activity By Type Page s May 1, 2002 through May 31, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331HWTO 2892 Federal Farm Credit Bank 5.250 05/01/2002 0.00 1,000,000.00 3133M8LR3 2889 Federal Home Loan Bank 5.625 05/10/2002 0.00 1,000,000.00 3133MNRO6 3076 Federal Home Loan Bank 4.540 05/28/2002 1,000,000.00 0.00 312923ZY4 3017 Federal Home Loan Mort Corp 5.700 05/09/2002 0.00 998.231.16 31364GM63 2890 Fed.Nall Mort.Assoc. 5.780 05/05/2002 0.00 1,000,000.00 Subtotal 1,000,000.00 3,998,231.16 48,071,407.87 Local Agency Investment Funds (Monthly Summary) SYS982 982 Lail City 2.740 600.000.00 0.00 SYS2206 2206 LAIF-Redevelopment Agency 2.740 5.100.000.00 10,250,000.00 Subtotal 5,700,000.00 10,250,000.00 33,802,979.04 Treasury Securities-Coupon Subtotal 4,000,569.17 Medium Term Notes Subtotal 12,459,436.56 Commercial Paper Disc.-Amortizing 36959JG15 3080 General Electric Capital Corp 1.750 05/23/2002 1,996,208.33 0.00 71708FFUl 3083 Pfizer,Inc. 1.730 05/23/2002 1,996,540.00 0.00 7954W1G80 3074 Salomon Smith Barney 1.790 05/13/2002 1,994,431.11 0.00 Subtotal 5,987,179.44 0.00 5,990,808.88 Federal Agency Disc.-Amortizing 313313WO7 3071 Federal Farm Credit Bank 1.790 05/10/2002 0.00 1,160,000.00 313385YY6 3073 Federal Home Loan Bank 1.700 05/14/2002 997,544.44 0.00 313385YWO 3075 Federal Home Loan Bank 1.700 05/14/2002 997.638.89 0.00 13397YV7 3079 Federal Home Loan Mort Corp 1.740 05/16/2002 997,728.33 0.00 313397YV7 3081 Federal Home Loan Mort Corp 1.690 05123t2002 998,122.22 0.00 Subtotal 3,991,033.88 1,160,000.00 6,978,218.60 Treasury Discounts-Amortizing 912795KO3 3078 United States Treasury Note 1.700 05/16/2002 1,995,277.78 0.00 Subtotal 1,995,277.78 0.00 1,996,788.89 Portfolio CITY AP Run Date:0628RO02.15:25 PM(PRF PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity By Type May 1, 2002 through May 31, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Rolling Repurchase Agreements Subtotal 0.00 Total 18,673,491.10 15,408,231.16 113,300908.61 Portfolio CITY AP Run Date:06282002-15:25 PM(PRF PM3)SymRept V6.21 City of HB Portfolio Management Page 8 Activity Summary May 2001 through May 2002 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 MatOrlty May 2001 86 125,735,513.10 5.679 5.758 5.328 21 15 788 489 June 2001 81 126.800,495.90 5.558 5.635 4.958 8 13 799 485 'July 2001 79 121,645.128.94 5.415 5.490 4.635 21 23 841 513 August 2001 72 110,517.156.02 5.362 5.436 4.502 10 -17 833 500 September 2001 67 110,925,431.97 5.049 5.119 4.288 17 21 836 534 October 2001 67 109,164,557.55 5.033 5.103 4.288 4 4 832 516 November 2001 68 107,728,573.17 4.685 4.750 3.526 6 5 827 508 December 2001 70 109,005,141.93 4.503 4.565 3.261 7 5 825 493 January 2002 68 110,328.920.19 4.404 4.466 3.068 4 6 809 468 February 2002 69 108.193,466.33 4.503 4.566 2.967 4 3 874 504 March 2002 70 108,022,090.63 4.462 4.524 2.861 3 2 876 494 April 2002 70 108,878,225.21 4.496 4.558 2.845 2 2 907 513 May 2002 74 110,728,005.96 4.232 4.290 2.740 9 5 838 468 Average 72 112,926,618.15 4.875% 4.943% 3.790 9 9 837 499 Portfolio CITY AP Run Date:06282002-15:25 PM(PRF PM4)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type May 2001 through May 2002 May June July August September October November December January February March April May Average Security Type 2001 2001 2001 2001 2001 2001 2001 2001 2002 2002 2002 2002 2002 by Period Repurchase Agreements .... ..._-- ....... . .......... ....... . ---....................-......._............ _.. - - -... ..._.._......... _..._.._ .._--.... ------_.....- -------- ----------._._-._._ . ..-- ---------- - ._...._ Certificates of Deposit _._.. .__ ......... ......... _... ..... - _.._...._ ...___..... Commercial Paper-Interest Bearing ....... ......_......-.__ ... - ...... . ..._. . -_..._........... .. - -.............._._ - --.._- _..----- ----................--- -------------------- . ---- ........ ....... Federal Agency Issues-Coupon 44.5 43.5 42.7 40.4 39.6 39.5 40.0 41.7 40.5 44.6 44.7 46.4 42.4 42.3% __........__._...... . ...._...._........._............. _._..__.._.._._.__._......_...__.... _..._.._.__.._..._.._..._....... ..._.. --------....._.._.._... ...._.._-.... -----------........_...---._.._._.._.._...__........... Local Agency Investment Funds 30.8 32.0 28.3 35.0 36.0 36.6 35.5 31.7 35.8 34.6 34.7 34.9 29.8 33.5% Treasury Securities-Coupon 4.6 4.9 5.2 5.3 3.6 3.7 3.6 3.6 3.6 3.7 3.7 3.6 3.5 4.0% Medium Term Notes 11.0 11.5 12.4 12.5 11.2 11.4 11.3 11.3 11.2 11.6 11.4 11.3 11.0 11.5% ..._..... __..... . ..---- .-....-- -- ......._.- - ----------._.. Negotiable CD's Certificates of Deposit-Bank ........._-_ ._........... -......_. ..._..._.. ..... ......._....._..........._._...... ....... - .. Mortgage Backed Securities _ _....... -..... ............._.. ..... .._.__.. ._. ... .... ....... ..- -- .........- ................... ..........._..._-_ . ._._......................_...........-- -- _......__.-........__............... ... __.....-_........................_....._ ......... Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 7.7 6.6 9.7 5.1 5.2 5.3 5.4 9.9 7.2 3.7 1.8 5.3 5.6% . ......... _ .._....... ......... ........_ ........ ....._.. . ....... _........_...-..................__......__ .........__ . .......... Federal Agency Disc.-Amortizing 1.5 1.6 1.7 1.8 4.5 3.6 3.6 1.8 1.8 1.8 3.8 3.8 6.2 2.9% . ... ........ ... ....... ..... . _-..._... .......__ . ..__. ......._.__ ....- . ........-_....._ ...... ............................- . - -- --- ----- -----.-._-...------------ -- ....... . Treasury Discounts-Amortizing 1.8 0.1% Miscellaneous Discounts-Amortizing ._ . ....... ........._...... ...........-- ........ .......... ............ _._. _...... __._...... -..... ................ .... __.._. _. ........ .......... Rolling Repurchase Agreements 0.6 0.1% Portfolio CITY AP Run Date:06I2t1R002.15:25 PM(PRF_PMS)SymRepl V621 Report Ver.5.00 ' Schedule of Bond Investments Attachment 2 City of HB Portfolio Management Page 6 Y YP ActivityB Type October 1, 2002 through October 31, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133MCA96 2973 Federal Home Loan Bank 7.000 10/11/2002 0.00 1,000,000.00 3133MMQN6 3068 Federal Home Loan Bank 5.010 10/11/2002 0.00 2,000,000.00 3133MS2Y5 3104 Federal Home Loan Bank 3.000 10/07/2002 1,000,000.00 0.00 312924MC4 3044 Federal Home Loan Mort Corp 3.310 10/17/2002 0.00 1,000,000.00 Subtotal 1,000,000.00 4,000,000.00 44,133,662.03 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 2.604 107,888.12 2,000,000.00 SYS2206 2206 LAIF-Redevelopment Agency 2.604 8,093,861.18 2,750,000.00 Subtotal 8,201,749.30 4,750,000.00 36,804,977.15 Treasury Securities-Coupon Subtotal 2,000,295.18 Medium Term Notes 84534ECS5 2827 Southwestern Bell 5.730 10/21/2002 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 6,464,772.77 Commercial Paper Disc.-Amortizing Subtotal 1,995,795.00 Federal Agency Disc.-Amortizing 313397,128 3089 Federal Home Loan Mort Corp 1.715 10/03/2002 0.00 2,000,000.00 313589K93 3101 Fed.Nat'l Mort.Assoc. 1.650 10/18/2002 0.00 1,000,000.00 Subtotal 0.00 3,000,000.00 1,998,268.89 Treasury Discounts-Amortizing 912795LF6 3102 US Treasury Bill 1.625 10/17/2002 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 1,996,230.28 Rolling Repurchase Agreements Subtotal 0.00 Total 9,201,749.30 13,750,000.00 95,394,001.30 Portfolio CITY AP Run Date:12/04/2002-11:10 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary October 2001 through October 2002 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 2001 67 109,168,575.97 5.033 5.103 4.288 4 4 832 517 November 2001 68 107,728,573.17 4.685 4.750 3.526 6 5 827 508 December 2001 70 109,005,141.93 4.503 4.565 3.261 7 5 825 493 January 2002 68 110,328,920.19 4.404 4.466 3.068 4 6 809 468 February 2002 69 108,193,466.33 4.503 4.566 2.967 4 3 874 504 March 2002 70 108,022,090.63 4.462 4.524 2.861 3 2 876 494 April 2002 70 108,878,225.21 4.496 4.558 2.845 2 2 907 513 May 2002 74 110,728,005.96 4.232 4.290 2.740 9 5 838 468 June 2002 73 111,911,861.38 4.098 4.155 2.687 5 6 832 472 July 2002 69 108,270,068.04 4.070 4.126 2.714 10 14 861 506 August 2002 66 101,881,721.88 4.001 4.057 2.594 4 7 858 508 September 2002 62 99,320,920.60 3.902 3.956 2.604 7 11 843 519 October 2002 56 96,564,576.04 3.871 3.924 2.604 1 7 820 497 Average 68 106,913,248.96 4.328% 4.388% 2.981 5 6 846 497 Portfolio CITY AP Run Date:12/04/2002-11:10 PM(PRF_PM4)SyrnRept V6.21 Report Ver.5.00 City of H B Portfolio Management Page 8 Distribution of Investments By Type October 2001 through October 2002 October November December January February March April May June July August September October Average Security Type 2001 2001 2001 2002 2002 2002 2002 2002 2002 2002 2002 2002 2002 by Period Repurchase Agreements - -- - -------- - - - -- - - - - - -- - - --- ----- - Certificates of Deposit Commercial Paper-Interest Bearing __.__._ - _._._.. _- .......... Federal Agency Issues-Coupon 39.5 40.0 41.7 40.5 44.6 44.7 46.4 42.4 42.5 46.0 47.9 47.2 46.3 43.8/o Local Agency Investment Funds 36.6 35.5 31.7 35.8 34.6 34.7 34.9 29.8 28.4 26.5 28.6 33.4 38.6 33.0/o Treasury Securities-Coupon 3.7 3.6 3.6 3.6 3.7 3.7 3.6 3.5 3.7 2.9 2.0 2.0 2.1 3.2% Medium Term Notes 11.4 11.3 11.3 11.2 11.6 11.4 11.3 11.0 8.7 8.3 8.6 7.5 6.8 10.0% - --- - - - - -- - - ._ ----- -- ._...._ --- ----- Negotiable CD's Certificates of Deposit-Bank - - - - ---- Mortgage Backed Securities --- - - - --- -- --- -- -- -- - - -- - - - -- - .._ Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 5.3 5.4 9.9 7.2 3.7 1.8 5.3 8.3 4.9 3.1 2.0 2.1 4.5% - - - -- -- - . -_..--- - - --- - - ---- -- - - --- - - - -- - -.-__. -- - ._ --- ------ Federal Agency Disc.-Amortizing 3.6 3.6 1.8 1.8 1.8 3.8 3.8 6.2 6.5 11.4 9.8 5.0 2.1 4.7% - -. _..- ---- --- -- - --- - - ----- Treasury Discounts-Amortizing 1.8 1.9 3.0 2.1 0.7% - --- - - - - - - -- --- - - - ---- - . .. -- ----- - - - _ Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements 0.6 0.1% Portfolio CITY AP Run Date:12/04/2002-11:10 PM(PRF_PMS)SyrnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation _ 10/31/2002 -teaCarryin41" t_-1''u.S _- ems' _.` '-- . �y�,Description��_p�Accrued_Interest�Purch.__ �-�.;_���Fair�Yalue =�� : Accrued Interest_- United States Treasury: Bills $ 991,399,138.04 $ 998,070,000.00 NA Notes $ 5,910,069,927.10 $ 6,029,747,000.00 $ 83,309,132.00 Federal Agency: SBA $ 324,411,446.38 $ 322,849,510.24 $ 1,211,008.06 MBS $ 722,004,448.59 $ 726,640,400.31 $ 3,713,206.94 Bonds $ 3,674,730,359.43 $ 3,748,747,683.50 $ 47,868,586.32 Floaters $ - $ - $ - Discount Notes $ 6,444,945,419.98 $ 6,469,257,038.00 NA FHLMC PC $ 6,433,994.21 $ 7,046,639.90 $ 103,438.88 GNMA $ 704,031.25 $ 824,847.52 $ 6,983.00 Bankers Acceptances $ - $ - NA Bank Notes $ 1,365,091,080.01 $ 1,365,078,606.75 $ 5,696,722.21 CDs $ 6,930,364,881.59 $ 6,931,376,592.65 $ 22,299,084.74 Commercial Paper $ 11,578,277,585.55 $ 11,603,689,703.68 NA Corporate: Floaters $ 395,814,897.85 $ 385,713,190.74 $ 1,235,834.88 Bonds $ 1,997,277,863.64 $ 2,021,795,399.47 $ 32,266,749.56 Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,120,290,000.00 $ 5,120,290,000.00 NA AB 55& GF Loans $ 2,912,597,607.65 $ 2,912,597,607.65 NA TOTAL $ 48,374,412,681.27 1 $ 48,643,724,220.41 $ 197,710,746.59 Fair Value Including Accrued Interest $ 48,841,434,967.00 Repurchase Agreements, Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of October 31,2002 Summary of investments by type Market Value Market Value Par Value Investment Type as of 9/30/02 as of 10/31/02 3,426,113 Local Agency Investment Fund(LAIF) 1,109,231 3,426,113 24,103,377 Investment Agreements 31,360,497 24,103,377 2,749,591 Federal Government Agency 2,951,573 2,954,816 6,462,535 Money Market Funds 6,569,147 6,462,535 351,244 US Treasury Securities 351,244 351,244 37,092,860 42,341,693 37,298,085 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 9/30/02 as of 10/31/02 1,696,005 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(1992) 1,695,966 1,696,005 4,167,354 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) 4,162,549 4,167,354 21,040,574 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 26,180,083 21,245,297 2,701,661 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) 2,701,568 2,701,661 2,435,991 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 2,572,624 2,435,991 2,511,654 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility, Energy Retrofit) 2,510,281 2,511,654 801,154 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds (1992) 802,405 801,654 1,393,588 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 1,392,672 1,393,588 178,507 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 176,931 178,507 5,699 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 5,693 5,699 113,546 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 113,402 113,546 47,128 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 27,519 47,128 37,092,860 42,341,693 37,298,084 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2002 Beginning Distributions/ Balance Contributions/ Transfers/ Earnings Ending Balance (06-30-02) Transfers Payments (change in value) Other (9-30-02) ICMA Retirement Corporation (457 Plan) $14,574,326 $373,663 ($151,424) ($1,289,679) $787 $13,507,672 ICMA Retirement Corporation (401 Plan) $105,353 $26,686 $0 ($10,277) $0 $121,762 Nationwide Retirement Solutions $38,719,597 $1,024,461 ($583,294) ($2,391,935) $0 $36,768,830 Trust Deeds $518,539 $0 ($92,768) $0 $0 $425,771 Total 457 &401 Plan Balances $53,917,815 $1,424,809 ($827,485) ($3,691,891) $787 $50,824,035 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: October 2002 Investment Summary Report COUNCIL MEETING DATE: December 16, 2002 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney) Not Applicable Certificates of Insurance Approved by the City Attorney) Not Applicable Financial Impact Statement Unbud et, over $5,000 Not Applicable Bonds (if applicable) Not Applicable Staff Report If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING -ATTACHMENTS REVIEWED RETURNED: -FORWARDED. Administrative Staff Assistant City Administrator Initial City Administrator initial cp City Clerk EXPLANATION FOR RETURN OF ITEM:- (Below •. • Only) RCA Author. Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA October Report C� o. � Shari L . Freidenrich , CPA, CCMT, CFMA -r vl Cz: December 16, 2002 o =' Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA Financial Information: September October Inc./(Dec.) End of month City Portfolio $99.932 $95.394 ($4.538) End of Month Market Value $101 .455 $96.841 ($4.614) Interest Earned for Month $0.329 $0.320 ($0.009) Earned Interest Yield Year to Date 4.44% 3.90% -0.54% Average Maturity ( in days) 506 497 (9) YTD Average Daily Balance $107.792 $96.565 ($11.227) Summary by Type: October %of Total Policy Limit Days to Mat. Rate - Federal Agy - Coupon $44.134 46% None 958 4.88% LAW (State Pool) $36.805 39% $40 million 1 2.49% U.S.Treasury Notes $2.000. 2% None 264 5.27% Medium Term Notes $6.465 7% 20% 670 6.55% Discount Comm. Paper $1.996 2% 25% 43 1.77% Discount Federal Agy $1.998 2% None 19 1 .67% Discount Treasury Note $1 .996 2% None 41 1 .69% Total $95.394 100% Council/Agency Meeting Held: &du 6,0 Deferred/Continued to: 0,Y?::alz� Approved O Conditionally Approved ❑ Denied City Clerk's Signat Council Meeting Date: November 6, 2002 - Department ID Number. CT 03-02 `c CITY OF HUNtINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS C-1 r SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer T r � c D PREPARED BY: SHARI L. FREIDENRICH, City Treasur t�f SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S SEPTEMBER 2002 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 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for September 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for September 2002. 2 Schedule of Bond Investments 3. 1 Deferred Compensation Plan Summary Information Il Monthly Investment Report and Summary of Investments for September 2002 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for September, 2002 City Investment Portfolio: August September Inc./(Dec.) End of month City Portfolio Balance $98,401,028 $99,932,150 $1,531,122 Earned Interest Yield Average 4.02% 4.04% 0.02% Average Maturity ( in days) 508 519 11 End of Month Market Value $99,923,176 $101,455,309 $1,532,133 End of month bank cash balance $5,077,875 $3,991,302 ($1,086,573) Bond Proceeds Investments: August September Inc./(Dec.) End of Month Bond Reserve Par Value $46,104,269 $42,098,288 ($4,005,981) End of Month Bond Reserve Market Value $46,133,296 $42,341,693 ($3,791,603) Deferred Compensation Investments:* 3/31/2002 6/30/2002 Inc./(Dec.) Participant Balances $56,912,916 $53,917,815 ($2,995,101) Comparison to Budget/ City Portfolio: . Budget Actual Inc./(Dec.) Interest Earned for Month $333,333 $329,449 ($3,884) Interest Earned Year to Date = $4,000,000 $4,788,744 $788,744 Earned Interest Yield Year to Date 4.50% 4.44% -0.06% "Deferred Compensation Statements are released.quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. September %of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $47,134,670 47% None 982 4.94% Local Agency Inv. Fund (LAIF) $33,353,228 33% $40 million 1 2.60% U.S. Treasury Notes - Coupon $2,000,359 2% None 295 5.27% Medium Term Notes $7,463,962 8% 20% 610 6.46% Disc. Commercial Paper $1,992,798 2% 25% 74 1.77% Disc. Federal Agy Issues $4,994,475 5% None 24 1.70% U.S. Treasury Notes - Discount $2,992,658 3% None 53 1.67% $99,932,150 100% 0 �� ~ City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary September 30, 2002 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 47,105,000.00 48,153,189.90 47,134,670.01 47.17 1,460 982 4.870 4.937 Local Agency Investment Funds 33,353,227.85 33,353,227.85 33,353,227.85 33.38 1 1 2.568 2.604 Treasury Securities-Coupon 2,000,000.00 2,061,870.00 2,000,359.31 2.00 1,572 295 5.196 5.268 Medium Term Notes 7,481,000.00 7,906,751.13 7,463,961.62 7.47 1,540 610 6.372 6.460 Commercial Paper Disc.-Amortizing 2,000,000.00 1,992,880.00 1,992,798.32 1.99 78 74 1.747 1.771 Federal Agency Disc.-Amortizing 5,000,000.00 4,994,400.00 4,994,474.71 5.00 83 24 1.679 1.702 Treasury Discounts-Amortizing 3,000,000.00 2,992,990.00 2,992,657.78 2.99 70 53 1.650 1.673 Investments 99,939,227.85 101,455,308.88 99,932,149.60 100.00% 843 519 3.902 3.956 Cash and Accrued Interest Accrued Interest at Purchase 58,434.72 58,434.72 Subtotal 58,434.72 58,434.72 Total Cash and Investments 99,939,227.85 101,513,743.60 99,990,584.32 843 519 3.902 3.956 Total Earnings September 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year ' 329,449.28 4,788,743.89 4,788,743.89 Current Budget 333,333.37 4,000,000.00 4,000,000.00 Last Year Actual 617,480.71 6,375,940.94 6,375,940.94 Average Daily Balance 99,320,920.60 107,792,177.34 Effective Rate of Return 4.04% 4.44% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec.17,2001. 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 prov' ed by Union Bank via Merrill Lynch and J.J.Kenney pricing services. iD-2Z-OZ SHA F EIDE R H,CITY TREASURER Portfolio CITY AP Run Date:10/17/2002-13:43 PM(PRF_PM1)SymRepl V6.21 Report Ver.5.00 City of H 13 Portfolio Management Page 2 Portfolio Details - Investments September 30, 2002 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 31331LWC8 3053 Federal Farm Credit Bank 12/17/2001 1,000,000.00 1,003.750.00 1,000,000.00 3.490 AAA 3.490 442 12/17/2003 3133M2SMO 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 1,011,250.00 1,000,000.00 6.200 AAA 6.200 90 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 1,012.190.00 1,000,000.00 6.215 AAA 6.215 98 01/07/2003 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,034,060.00 997,856.69 5.125 AAA 5.380 349 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,037,190.00 1,000,632.46 5.630 AAA 5.546 336 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,137,464.90 1,105.997.72 5.690 AAA 5.540 261 06/19/2003 3133MAWZ8 2942 Federal Home Loan Bank 03/07/2000 1,000,000.00 1,025,310.00 1.000,000.00 7.440 AAA 7.440 888 03/07/2005 3133MCA96 2973 Federal Home Loan Bank 10/11/2000 1,000,000.00 1,001,560.00 1,000,000.00 7.000 AAA 7.000 1,106 10/11/2005 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,101,260.00 2,000,000.00 6.330 AAA 6.330 1,168 12/12/2005 3133MCRQO 2988 Federal Home Loan Bank 01/17/2001 1,000,000.00 1,011,250.00 1,000,000.00 6.030 AAA 6.030 1.204 01/17/2006 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,031,560.00 1,000,000.00 5.250 AAA 5.250 1,449 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,033,335.00 1,000,000.00 5.000 AAA 5.000 1,091 09/26/2005 3133MKND5 3054 Federal Home Loan Bank 12/27/2001 1,000,000.00 1,006.880.00 1,000,000.00 4.610 AAA 4.610 1,000 06/27/2005 3133MMQN6 3068 Federal Home Loan Bank 04/11/2002 2,000,000.00 2,001.880.00 2,000,000.00 5.010 AAA 5.010 1,106 10/11/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1,026,880.00 1,000,000.00 4.540 AAA 4.540 1,154 11/28/2005 3133MQ2K9 3094 Federal Home Loan Bank 08/06/2002 1,000,000.00 1,000,630.00 1,000,000.00 2.530 AAA 2.530 493 02/06/2004 3133MRGS5 3100 Federal Home Loan Bank 09/20/2002 1,000,000.00 1,002,190.00 1,000,000.00 3.000 AAA 3.001 811 12/20/2004 312923WL5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000,000.00 1,018,560.00 1,000,000.00 5.530 AAA 5.530 1,301 04/24/2006 312924MC4 3044 Federal Home Loan Mort Corp 10/17/2001 1,000,000.00 1,000,740.00 1,000,000.00 3.310 AAA 3.310 381 10/17/2003 312925AT7 3069 Federal Home Loan Mort Corp 03/19/2002 1,000,000.00 1,013.750.00 986,047.24 5.000 AAA 5.361 1,624 03/13/2007 312925NCO 3077 Federal Home Loan Mort Corp 06/04/2002 1,000,000.00 1,012,410.00 1,000,000.00 3.700 AAA 3.700 612 06/04/2004 312925/A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,063,760.00 1,996,843.91 4.500 AAA 4.537 1,756 07/23/2007 312925LF5 3105 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,034,320.00 2,033,479.04 5.000 AAA 4.591 1,681 05/09/2007 3129256U9 3106 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,007,500.00 1,998,755.79 2.875 AAA 2.897 1,091 09/26/2005 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,056,510.00 1,000,000.00 5.910 AAA 5.909 535 03/19/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,063,550.00 995.256.90 6.000 AAA 6.343 594 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,045,000.00 1,000,000.00 7.300 AAA 7.300 1,028 07/25/2005 31364KYH7 2976 Fed.Nat'l Mort.Assoc. 11/09/2000 1,000,000.00 1,004,690.00 1,000,000.00 6.500 AAA 6.500 402 11/07/2003 31364K5LO 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,050,000.00 1,000,000.00 5.550 AAA 5.550 1,262 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,047.190.00 1,000,000.00 5.300 AAA 5.300 1,275 03/29/2006 3136FOEW8 3009 Fed.Nat'l Mort.Assoc. 04/23/2001 1,000,000.00 1,019,060.00 999,777.73 5.510 AAA 5.517 1,294 04/17/2006 3136FOJP8 3011 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,022,500.00 1,000,000.00 5.625 AAA 5.625 1,322 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1,022,190.00 996,362.88 5.550 AAA 5.666 1,323 05/16/2006 3136FO3EO 3046 Fed.Nat'l Mort.Assoc. 11/19/2001 1,000,000.00 1,002,190.00 1,000,000.00 3.625 AAA 3.625 780 11/19/2004 3136FO4Z2 3051 Fed.Nat'l Mort.Assoc. 11/16/2001 1,000,000.00 1,001,560.00 997,344.76 3.400 AAA 3.533 776 11/15/2004 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,060,310.00 1,000,000.00 5.010 AAA 5.010 1,597 02/14/2007 Portfolio CITY AP Run Date:10/17/2002-13:43 PM(PRF PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments September 30, 2002 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 3136F1JX9 3065 Fed.Nat'l Mort.Assoc. 02/15/2002 1,000,000.00 1.008,440.00 996,046.30 4.100 AAA 4.279 868 02/15/2005 3136F1MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,020,310.00 1,000,000.00 4.350 AAA 4.350 1,059 08/25/2005 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,072,500.00 1,000.000.00 5.350 AAA 5.350 1,654 04/12/2007 31359MMWO 3093 Fed.Nat'l Mort.Assoc. 07/15/2002 1,000,000.00 1,011,880.00 1,011,883.09 3.750 AAA 2.987 589 05/12/2004 31359MLT8 3095 Fed.Nat'l Mort.Assoc. 07/18/2002 1,000,000.00 1,002,500.00 1,004,856.79 3.600 AAA 3.363 790 11/29/2004 3136171A34 3097 Fed.Nat'l Mort.Assoc. 07/18/2002 1,000,000.00 1,013,130.00 1,013,528.71 4.125 AAA 3.443 763 11/02/2004 Subtotal and Average 45,641,358.51 47,105,000.00 48,153,189.90 47,134,670.01 4.937 982 Local Agency Investment Funds SYS982 982 La'rf City 18,998,928.38 18,998,928.38 18,998.928.38 2.604 NR 2.604 1 SYS2206 2206 LAIF-Redevelopment Agency 14,354,299.47 14,354,299.47 14,354,299.47 2.604 NR 2.604 1 Subtotal and Average 32,734,894.52 33,353,227.85 33,353,227.85 33,353,227.85 2.604 1 Treasury Securities-Coupon 91282741<5 2875 United States Treasury Note 02/22/1999 1,000,000.00 1,029,060.00 1,001,765.26 5.375 AAA 5.106 272 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,032,810.00 998,594.05 5.250 AAA 5.431 318 08/15/2003 Subtotal and Average 2,000,389.31 2,000,000.00 2,061,870.00 2,000,359.31 5.268 295 Medium Term Notes 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,040,590.00 996,542.73 5.400 Aaa 5.700 489 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 519,831.13 473,990.04 6.250 Aa3 6.800 1,157 12/01/2005 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000,000.00 1,032,460.00 997,439.96 6.267 Aaa 6.620 295 07/23/2003 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,049,190.00 1,001,938.14 6.810 Aaa 6.610 398 11/03/2003 66586GBY2 2939 Northern Trust Co. 02(11/2000 1,000,000.00 1,109,690.00 998,857.22 7.500 Aa3 7.559 864 02/11/2005 84534ECS5 2827 Southwestern Bell 01/12/1998 1,000,000.00 1,001,720.00 999,938.34 5.730 Aa2 5.858 20 10/21/2002 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,083,520.00 998,607.18 5.750 Aa2 5.795 1,317 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,069,750.00 996,648.01 6.700 Al 6.920 629 06/21/2004 Subtotal and Average 7,930,179.50 7,481,000.00 7,906,751.13 7,463,961.62 6.460 610 Commercial Paper Disc.-Amortizing 36959JMD2 3107 General Electric Capital Corp 09/27/2002 1,000,000.00 996,510.00 996,471.66 1.740 Aaa 1.771 73 12/13/2002 36959JMG5 3108 General Electric Capital Corp 09/27/2002 1,000,000.00 996,370.00 996,326.66 1.740 Aaa 1.771 76 12/16/2002 Subtotal and Average 1,232,042.70 2,000,000.00 1,992,880.00 1,992,796.32 1.771 74 Portfolio CITY AP Run Dale:10/17/2002-13:43 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments September 30, 2002 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Disc.-Amortizing 313313Q27 3099 Federal Farm Credit Bank 08/23/2002 2,000,000.00 1,995,400.00 1,995,444.44 1.640 AAA 1.670 50 11/20/2002 313397,128 3089 Federal Home Loan Mort Corp 07/03/2002 2,000,000.00 1,999,800.00 1,999,809.44 1.715 AAA 1.746 2 10/03/2002 313589K93 3101 Fed.Nat'I Mort.Assoc. 08/27/2002 1,000,000.00 999,200.00 999,220.83 1.650 AAA 1.677 17 10/18/2002 Subtotal and Average 8,119,634.83 5,000,000.00 4,994,400.00 4,994,474.71 1.702 24 Treasury Discounts-Amortizing 912795LF6. 3102 US Treasury Bill 09/09/2002 1,000,000.00 999,270.00 999,277.78 1.625 1.650 16 10/17/2002 912795LP4 3103 US Treasury Bill 09/17/2002 2,000,000.00 1,993,720.00 1,993,380.00 1.655 1.685 72 12/12/2002 Subtotal and Average 1,662,421.24 3,000,000.00 2,992,990.00 2,992,657.78 1.673 53 Rolling Repurchase Agreements SYS00-2001b 01-2002 Union Bank 10/02/2001 0.00 0.00 0.00 1.100 1.115 1 Subtotal and Average 0.00 0.00 0.00 0.00 0.000 1 Total and Average 99,320,920.60 99,939,227.85 101,455,308.88 99,932,149.60 3.956 519 Portfolio CITY AP Run Date:1 0/17/2002-1 3:43 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 5 Portfolio Details - Cash September 30, 2002 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 58,434.72 58,434.72 0 Subtotal 58,434.72 58,434.72 Total Cash and Investmentss 99,320,920.60 99,939,227.85 101,513,743.60 99,990,584.32 3.956 519 Portfolio CITY AP Run Date:10/17/2002-13:43 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Activity 6Y Type e Page 6 September 1, 2002 through September 30, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133M7NM4 2871 Federal Home Loan Bank 5.390 09/05/2002 0.00 1,000,000.00 3133MDR96 2999 Federal Home Loan Bank 5.340 09/30/2002 0.00 1,000,000.00 3133MNZD6 3082 Federal Home Loan Bank 3.800 09/20/2002 0.00 1,000,000.00 3133MQ6G4 3096 Federal Home Loan Bank 2.250 09/12/2002 0.00 1,000,000.00 3133MRGS5 3100 Federal Home Loan Bank 3.000 09/20/2002 1,000,000.00 0.00 312925LF5 3105 Federal Home Loan Mort Corp 5.000 09/26/2002 2,033,580.00 0.00 3129256U9 3106 Federal Home Loan Mort Corp 2.875 09/26/2002 1,998,750.00 0.00 31364KVC1 2966 Fed.Nat'l Mort.Assoc. 7.000 09/13/2002 0.00 1,000,000.00 Subtotal 5,032,330.00 5,000,000.00 47,134,670.01 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 2.604 3,500,000.00 0.00 SYS2206 2206 LAIF-Redevelopment Agency 2.604 11,700,000.00 10,000,000.00 Subtotal 15,200,000.00 10,000,000.00 33,353,227.85 Treasury Securities-Coupon Subtotal 2,000,359.31 Medium Term Notes 201615DG3 2965 Citifinancial 6.375 09/15/2002 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 7,463,961.62 Commercial Paper Disc.-Amortizing 36959JJ61 3087 General Electric Capital Corp 1.750 09/06/2002 0.00 2,000,000.00 36959JMD2 3107 General Electric Capital Corp 1.740 09/27/2002 996,278.33 0.00 36959JMG5 3108 General Electric Capital Corp 1.740 09/27/2002 996,133.33 0.00 7954W 1JL8 3085 Salomon SB Holdings 1.760 09/20/2002 0.00 1,000,000.00 Subtotal 1,992,411.66 3,000,000.00 1,992,798.32 Federal Agency Disc.-Amortizing 313589G31 3088 Fed.Nat'I Mort.Assoc. 1.715 09/18/2002 0.00 1,000,000.00 313589G31 3091 Fed.Nat'l Mort.Assoc. 1.740 09/18/2002 0.00 1,700,000.00 313589H22 3092 Fed.Nat'l Mort.Assoc. 1.730 09/25/2002 0.00 2,000,000.00 Subtotal 0.00 4,700,000.00 4,994,474.71 Portfolio CITY AP Run Date:10/17/2002-13:43 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Activity BY Type e Page 7 September 1, 2002 through September 30, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Treasury Discounts-Amortizing 912795LF6 3102 US Treasury Bill 1.625 09/09/2002 998,284.72 0.00 912795LP4 3103 US Treasury Bill 1.655 09/17/2002 1,992,092.78 0.00 Subtotal 2,990,377.50 0.00 2,992,657.78 Rolling Repurchase Agreements Subtotal 0.00 Total 25,215,119.16 23,700,000.00 99,932,149.60 Portfolio CITY AP Run Date:10/17/2002-13:43 PM(PRf_PM3)SymRept V6.21 City of HB Portfolio Management Page 8 Activity Summary September 2001 through September 2002 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity September 2001 67 110,925,431.97 5.049 5.119 4.288 17 21 836 534 October 2001 67 109,168,575.97 5.033 5.103 4.288 4 4 832 517 November 2001 68 107,728,573.17 4.685 4.750 3.526 6 5 827 508 December 2001 70 109,005,141.93 4.503 4.565 3.261 7 5 825 493 January 2002 68 110,328,920.19 4.404 4.466 3.068 4 6 809 468 February 2002 69 108,193,466.33 4.503 4.566 2.967 4 3 874 504 March 2002 70 108,022,090.63 4.462 4.524 2.861 3 2 876 494 April 2002 70 108,878,225.21 4.496 4.558 2.845 2 2 907 513 May 2002 74 110,728,005.96 4.232 4.290 2.740 9 5 838 468 June 2002 73 111,911,861.38 4.098 4.155 2.687 5 6 832 472 July 2002 69 108,270,068.04 4.070 4.126 2.714 10 14 861 506 August 2002 66 101,881,721.88 4.001 4.057 2.594 4 7 858 508 September 2002 62 99,320,920.60 3.902 3.956 2.604 7 11 843 519 Average 69 108,030,146.05 4.418% 4.480% 3.111 6 7 848 500 Portfolio CITY AP Run Dale:1 011 7/2002-1 3:43 PM(PRF_PM4)SymRepl V6.21 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type September 2001 through September 2002 September October November December January February March April May June July August September Average Security Type 2001 2001 2001 2001 2002 2002 2002 2002 2002 2002 2002 2002 2002 by Period Repurchase Agreements -- -------..._ - Certificates of Deposit Commercial Paper-Interest Bearing _- . ._._._ _ _ ...___ _ _-- __ _____ _ .-.._. _.__.. _.. _ - ......- __ _ - __._.- _.. _.. Federal Agency Issues-Coupon 39.6 39.5 40.0 41.7 40.5 44.6 44.7 46.4 42.4 42.5 46.0 47.9 47.2 43.3/o ---- - g- -Y --- --- - ..---_ - _ Local Agency Investment Funds 36.0 36.6 35.5 31.7 35.8 34.6 34.7 34.9 29.8 28.4 26.5 28.6 33.4 32.8/o - --- - ---- - ----- - - -- --- - - -- --..- - -- - _ _... -_ .-- -- Treasury Securities-Coupon 3.6 3.7 3.6 3.6 3.6 3.7 3.7 3.6 3.5 3.7 2.9 2.0 2.0 3.3/o Medium Term Notes 11.2 11.4 11.3 11.3 11.2 11.6 11.4 11.3 11.0 8.7 8.3 8.6 7.5 10.4% --- -..._. -- Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities .. -- -__ _. -- - - - _. ._.-_ _..... - -- - - -- ....- -- _ -- -- -- ---_ - _. ............- Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 5.2 5.3 5.4 9.9 7.2 3.7 1.8 5.3 8.3 4.9 3.1 2.0 4.8% --- - - ---- --- - ---------------- ------- ------- ----- ----- - --- ----- ----- --- - --- - -- - - - --- ----.._ - Federal Agency Disc.-Amortizing 4.5 3.6 3.6 1.8 1.8 1.8 3.8 3.8 6.2 6.5 11.4 9.8 5.0 4.9% Treasury Discounts-Amortizing 1.8 •1.9 3.0 0.5% Miscellaneous Discounts-Amortizing --- - ------ _ --- -- -- -- ----------- --- -- -- -- --- - ------- ----------------------- Rolling Repurchase Agreements 0.6 0.1% Portfolio CITY AP Run Date:10/17/2002-13:43 PM(PRF-PM5)SymRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 9/30/2002 United States Treasury: Fair Value Including Accrued Interest $ 45,129'465 357.94 Repurchase Agreements, Thma Deposits, AB55& General Fund loans, and Reverse Ropunchdso agreements are carried ot portfolio book value (carrying coad. The value of each participating dollar equals the fair value divided bv the amortized cost/1.005O2O041\. Aoan example: ifan agency has an account balance cf$2O.00O.000.00. then the agency would report its participation in the LAW valued mt$2O.1OO.4OO.83or$2O.0OO.00O.00x1.005O2OO41. Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of September 30,2002 Summary of investments by type Market Value Market Value Par Value Investment Type as of 8/31/02 as of 9/30/02 1,109,231 Local Agency Investment Fund(LAIF) 1,109,231 1,109,231 31,360,497 Investment Agreements 31,854,800 31,360,497 2,708,168 Federal Government Agency 3,110,056 2,951,573 6,569,147 Money Market Funds 9,707,844 6,569,147 351,244 US Treasury Securities 351,364 351,244 42,098,288 46,133,296 42,341,693 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 8/31/02 as of 9/30/02 1,695,966 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(1992) 1,709,574 1,695,966 4,162,549 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) 4,157,523 4,162,549 25,937,930 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 27,640,954 26,180,083 2,701,568 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) 2,701,469 2,701,568 2,572,624 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 2,913,474 2,572,624 2,510,281 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility, Energy Retrofit) 3,502,468 2,510,281 801,154 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds (1992) 803,156 802,405 1,392,672 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 2,128,747 1,392,672 176,931 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 177,537 176,931 5,693 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 5,647 5,693 113,402 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 267,450 113,402 27,519 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 125,296 27,519 42,098,288 46,133,296 42,341,693 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2002 Beginning Distributions/ Balance Contributions/ Transfers/ Earnings Ending Balance (03-31--02) Transfers Payments (change in value) Other (6-30-02) ICMA Retirement Corporation (457 Plan) $15,913,325 $619,294 ($730,354) ($1,228,611) $673 $14,574,326 ICMA Retirement Corporation (401 Plan) $88,684 $23,012 $0 ($6,343) $0 $105,353 Nationwide Retirement Solutions $40,392,368 $1,009,074 ($694,131) ($1,987,713) $0 $38,719,597 Trust Deeds $518,539 $0 $0 $0 $0 $518,589 Total 457 &401 Plan Balances $56,912,916 $1,651,380 ($1,424,485) ($3,222,668) $673 $53,917,815 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT' September 2002-Investment Summary Report COUNCIL MEETING DATE: November 6, 20 -2 RCA ATTACHMENTS . STATUS. Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement Unbud et, over$5,000 Not Applicable Bonds (If applicable) Not Applicable Staff Report If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable�j EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED I F.�O RWARDED Administrative Staff Assistant City Administrator Initial City Administrator Initial low City Clerk EXPLANATION FOR-RETURN OF ITEM: (Below •, For City Clerk's Use Only) RCA Author. Treasurer's Report-Shari L Freidenrich, CPA, CCMT, CMFA' o C o � TREASURER'S REPORT U C � - �� -C D Shari L. Freidenrich, CPA, CCMT November 6, 2002 Slide 1 Treasurer's Report-Shari L Freidenrich, CPA, CCMT, CMFA Investment Objectives • Safety • Liquidity • Yield Slide 2 Treasurer's Report-Shari L Freidenrich, CPA, CCMT, CMFA First Objective - Safety Investments Percentages By Quality Ratings AAA 63% a ..3 A i 1% Rated h Slide 3 Treasurer's Report-Shari L Freidenrich, CPA, CCMT, CMFA Investment Percentages By Type of Investment Federal LAIF Agencies Ili ° 33°k 47% �4 4 edium Term § � w Notes Commer IS a AgencyTreasurySec. Paper Discount 5% 2% 5% i Treasurer's Report-Shari L Freidenrich, CPA, CCMT, CMFA Investment Balances Trends Annualized Average Daily Portfolio Balance (in millions) $120 $110 $100 <<ry $90 $80 r a $70 . $60 r $50 $40 Sep-08 Sep-09 Sep-00 Sep-01 Sep-02 Slide 5 Treasurer's Report-Shari L Freidenrich, CPA, CCMT, CMFA Second Objective - Liquidity Investment Maturities by Days, Ending Sept 2001/2002 45% 369/6 IN 1 Day 35% ° ■2-180 Days 9.5-1 Yr. 25% 13% 5% 16% ®1 -1.5 Yr. 15% % %4 ■1.5-2 Yr. ❑2-3Yr. 5% ■3-4Yr. -5% 04-5 Yr. Slide 6 2001 2002 Treasurer's Report-Shari L Freidenrich, CPA, CCMT, CMFA All Funds Estimated Net Cash Flow and Maturing Investments - Next 6 Months $8,000,000 $"3,249 $5,000:0, $2,0000. ($1,000,000) ME ME ME ($4,000,000) ($299,134) 348 075 ($7,000,000) ($4,727,624) ($10,000,000) ($4,900,262) ($5,618,396) ($13,000,000) Oct-02 Nov-02 Dec-02 Jan-03 Feb-03 Mar-03 ■Net Cash Flow ❑Maturing Investments Slide 7 Treasurer's Report-Shari L Freidenrich, CPA, CCMT, CMFA Third Objective - Yield Annual Interest Earnings on Portfolio $7,000,000 $6,000,000 $788,000 ver Budge $5,000,000 $4,000,000 $3,000,000 Sep-98 Sep-99 Sep-00 Sep-01 Sep-02 Slide 8 f �y Treasurer's Report-Shari L Freidenrich, CPA, CCMT, CMFA Investment Yields Trends D LAIF/T-Bill Ave. 0 Actual — LAIF 8.00% 6.93% 6.60% 5.94% 7,00% 6.30% 5.41% 5.22% 5.95% 6.00% 5.00% 3.56% o 4.00% 3.00% 2.00% 1.00% 0.00% Sep-08 Sep-09 Sep-00 Sep-01 Sep-02 Slide 9 Treasurer's Report-Shari L Freidenrich, CPA, CCMT, CMFA Summary of Investment by City Fund September 30, 2002 �3,703, $46,996,944 pGeneral -r t } Y ARYfi, ��+uFa a tis"` , .Y iphhX'SH'sd,�r $13,549,803 fel,Capital u ❑DEbt Serv�ce�� ' $14,149,691 OiEhterpnsex ��'Intemal�Srvice M z ©`Special Revenue; 412,2 $16,379,211 5,867,223 1 Council/Agency Meeting Held Deferred/Continued to: Approved' ❑ Conditionally Approved ❑ Denied City Clerk's Signat e Council Meeting Date: October 21, 2002 Department ID Number: CT 03-01 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS o SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer CD PREPARED BY: SHARI L. FREIDENRICH, City Treasu o r SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S AUGUST 20&- '= 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 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for August 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment Us : City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for August 2002. 2 Schedule of Bond Investments 3. 1 Deferred Compensation Plan Summary Information _1 Monthly Investment Report and Summary of Investments for August 2002 Attachment 1 ` City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for August, 2002 City Investment Portfolio: July August Inc./(Dec.) End of month City Portfolio Balance $102,387,421 $98,401,028 ($3,986,393) Earned Interest Yield Average 4.09% 4.02% -0.07% Average Maturity( in days) 506 508 2 End of Month Market Value $103,931,053 $99,923,176 ($4,007,877) End of month bank cash balance $4,547,496 $5,077,875 $530,379 Bond Proceeds Investments: July August Inc./(Dec.) End of Month Bond Reserve Par Value $78,564,155 $46,104,269 ($32,459,886) End of Month Bond Reserve Market Value $78,520,305 $46,133,296 ($32,387,009) Deferred Compensation Investments:* 3/31/2002 6/30/2002 Inc./(Dec.) Participant Balances $56,912,916 $53,917,815 ($2,995,101) Comparison to Budget/ City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $333,333 $347,485 $14,152 Interest Earned Year to Date $3,666,663 $4,460,725 $794,062 Earned Interest Yield Year to Date 4.50% 4.48% -0.02% `Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days I nt. August %of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $47,102,872 48% None 937 5.06% Local Agency Inv. Fund (LAIF) $28,153,228 29% $40 million 1 2.59% U.S. Treasury Notes - Coupon $2,000,421 2% None 325 5.27% Medium Term Notes $8,462,927 8% 20% 566 6.51% Disc. Commercial Paper $2,998,585 3% 25% 10 1.78% Disc. Federal Agy Issues $9,682,995 10% None 38 1.73% $98,401,028 100% l': 0 City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary August 31, 2002 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 47,105,000.00 48,158,461.25 47,102,872.12 47.87 1,444 937 4.991 5.061 Local Agency Investment Funds 28,153,227.85 28,153,227.85 28,153,227.85 28.61 1 1 2.558 2.594 Treasury Securities-Coupon 2,000,000.00 2,063,120.00 2,000,421.37 2.03 1,572 325 5.196 5.268 Medium Term Notes 8,481,000.00 8,865,466.72 8,462,926.58 8.60 1,445 566 6.425 6.514 Commercial Paper Disc.-Amortizing 3,000,000.00 2,998,890.00 2,998,585.00 3.05 72 10 1.760 1.784 Federal Agency Disc.-Amortizing 9,700,000.00 9,684,010.00 9,682,994.70 9.84 79 38 1.707 1.730 Investments 98,439,227.85 99,923,175.82 98,401,027.62 100.00% 858 508 4.001 4.057 Cash and Accrued Interest Accrued Interest at Purchase 21,212.49 21,212.49 Subtotal 21,212.49 21,212.49 Total Cash and Investments 98,439,227.85 99,944,388.31 98,422,240.11 858 508 4.001 4.057 Total Earnings August 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 347,485.09 4,460,725.22 Current Budget 333,333.33 3,666,666.63 4,000,000.00 Last Year Actual 583,831.47 5,758,460.23 6,375,940.94 Average Daily Balance 101,881,721.88 108,550,797.35 Effective Rate of Return 4.02% 4.48% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 17,2001. 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 p iviclea by Union Bank via Merrill Lynch and J.J.Kenney pricing services. iu-9- 0Z I .FR DEARICH,CITY TREASURER Portfolio CITY AP Run Date:09/20/2002-11:17 PM(PRF_PM1)SyrrRept V6.21 Report Ver.5.00 City of H 13 Portfolio Management Page 2 Portfolio Details - Investments August 31, 2002 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 31331LWC8 3053 Federal Farm Credit Bank 12/17/2001 1,000.000.00 1,004,380.00 1,000,000.00 3.490 AAA 3.490 472 12/17/2003 3133M2SMO 2820 Federal Home Loan Bank 12/30/1997 1,000.000.00 1,014,380.00 1,000,000.00 6.200 AAA 6.200 120 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000.000.00 1,015,310.00 1,000,000.00 6.215 AAA 6.215 128 01/07/2003 3133M7NM4 2871 Federal Home Loan Bank 03/05/1999 1,000,000.00 1,000,310.00 1,000,000.00 5.390 AAA 5.390 4 09/05/2002 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,034,690.00 997,669.78 5.125 AAA 5.380 379 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,038,440.00 1.000,689.78 5.630 AAA 5.546 366 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,139,531.25 1,106,113.73 5.690 AAA 5.540 291 06/19/2003 3133MAWZ8 2942 Federal Home Loan Bank 03/07/2000 1,000,000.00 1,029,060.00 1,000,000.00 7.440 AAA 7.440 918 03/07/2005 3133MCA96 2973 Federal Home Loan Bank 10/11/2000 1,000,000.00 1,005,630.00 1,000,000.00 7.000 AAA 7.000 1,136 10/11/2005 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,102,500.00 2,000,000.00 6.330 AAA 6.330 1,198 12/12/2005 3133MCRQO 2988 Federal Home Loan Bank 01/17/2001 1,000,000.00 1,014,060.00 1,000,000.00 6.030 AAA 6.030 1,234 01/17/2006 3133MDR96 2999 Federal Home Loan Bank 03/30/2001 1,000,000.00 1,002,500.00 1,000,000.00 5.340 AAA 5.340 760 09/30/2004 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,034,690.00 1,000,000.00 5.250 AAA 5.250 1,479 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,033,750.00 1,000,000.00 5.000 AAA 5.000 1,121 09/26/2005 3133MKND5 3054 Federal Home Loan Bank 12/27/2001 1,000,000.00 1,008,440.00 1,000,000.00 4.610 AAA 4.610 1,030 06/27/2005 3133MMQN6 3068 Federal Home Loan Bank 04/11/2002 2,000,000.00 2,006,880.00 2,000,000.00 5.010 AAA 5.010 1,136 10/11/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1,026,250.00 1,000,000.00 4.540 AAA 4.540 1.184 11/28/2005 3133MNZD6 3082 Federal Home Loan Bank 06/20/2002 1,000,000.00 1,000,940.00 1,000.000.00 3.800 AAA 3.802 750 09/20/2004 3133MQ2K9 3094 Federal Home Loan Bank 08/06/2002 1,000,000.00 1,000,940.00 1,000,000.00 2.530 AAA 2.530 523 02/06/2004 3133MQ6G4 3096 Federal Home Loan Bank 08/12/2002 1,000,000.00 1,000,000.00 1,000,000.00 2.250 AAA 2.251 376 09/12/2003 312923WL5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000,000.00 1,020,730.00 1,000,000.00 5.530 AAA 5.530 1,331 04/24/2006 312924MC4 3044 Federal Home Loan Mort Corp 10/17/2001 1,000,000.00 1,001,760.00 1,000,000.00 3.310 AAA 3.310 411 10/17/2003 312925AT7 3069 Federal Home Loan Mort Corp 03/19/2002 1,000,000.00 1,015,940.00 985,785.95 5.000 AAA 5.361 1,654 03/13/2007 312925NCO 3077 Federal Home Loan Mort Corp 06/04/2002 1,000,000.00 1,013,220.00 1,000,000.00 3.700 AAA 3.700 642 06/04/2004 312925/A34 3098 Federal Home Loan Mort Corp 07/23/2002 2.000,000.00 2,048,120.00 1,996,789.24 4.500 AAA 4.537 1,786 07/23/2007 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,054,770.00 1,000,000.00 5.910 AAA 5.909 565 03/19/2004 31364GO93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,061,840.00 995,014.08 6.000 AAA 6.343 624 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,049,060.00 1,000,000.00 7.300 AAA 7.300 1,058 07/25/2005 31364KVC1 2966 Fed.Nat'l Mort.Assoc. 09/13/2000 1,000,000.00 1,001,560.00 1,000,000.00 7.000 AAA 7.000 1,108 09/13/2005 31364KYH7 2976 Fed.Nat'l Mort.Assoc. 11/09/2000 1,000,000.00 1,008,130.00 1,000,000.00 6.500 AAA 6.500 432 11/07/2003 31364K5LO 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,051,880.00 1,000,000.00 5.550 AAA 5.550 1,292 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,048,750.00 1,000.000.00 5.300 AAA 5.300 1,305 03/29/2006 3136FOEW8 3009 Fed.Nat'l Mort.Assoc. 04/23/2001 1,000,000.00 1,022,810.00 999,772.51 5.510 AAA 5.517 1,324 04/17/2006 3136FOJP8 3011 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,026,880.00 1,000,000.00 5.625 AAA 5.625 1,352 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1,026,250.00 996,279.26 5.550 AAA 5.666 1,353 05/16/2006 3136FO3EO 3046 Fed.Nat'l Mort.Assoc. 11/19/2001 1,000.000.00 1,003,440.00 1,000,000.00 3.625 AAA 3.625 810 11/19/2004 Portfolio CITY AP Run Date:09/20/2002-11:17 PM(PRF_PM2)SymRept V6.21 Report Ver.5.00 City of H13 Portfolio Management Page 3 Portfolio Details - Investments August 31, 2002 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 3136FO472 3051 Fed.Nat'l Mort.Assoc. 11/16/2001 1,000.000.00 1,002,500.00 997,240.50 3.400 AAA 3.533 806 11/15/2004 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,056,560.00 1,000,000.00 5.010 AAA 5.010 1,627 02/14/2007 3136F1JX9 3065 Fed.Nat'l Mort.Assoc. 02/15/2002 1,000,000.00 1,009,690.00 995,907.41 4.100 AAA 4.279 898 02/15/2005 3136F1MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,021,880.00 1,000.000.00 4.350 AAA 4.350 1,089 08/25/2005 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,068,440.00 1,000,000.00 5.350 AAA 5.350 1,684 04/12/2007 31359MMWO 3093 Fed.Nat'l Mort.Assoc. 07/15/2002 1,000,000.00 1,013,130.00 1,012,496.67 3.750 AAA 2.987 619 05/12/2004 31359MLT8 3095 Fed.Nat'l Mort.Assoc. 07/18/2002 1,000,000.00 1,003,750.00 1,005,044.07 3.600 AAA 3.363 820 11/29/2004 3136F1A34 3097 Fed.Nat'l Mort.Assoc. 07/18/2002 1,000,000.00 1,014,690.00 1,014,069.14 4.125 AAA 3.443 793 11/02/2004 Subtotal and Average 47,554,688.62 47,105,000.00 48,158,461.25 47,102,872.12 5.061 937 Local Agency Investment Funds SYS982 982 Laif City 15,498,928.38 15,498,928.38 15,498,928.38 2.594 NR 2.594 1 SYS2206 2206 LAIF-Redevelopment Agency 12,654,299.47 12,654,299.47 12,654,299A7 2.594 NR 2.594 1 Subtotal and Average 28,120,969.79 28,153,227.85 28,153,227.85 28,153,227.85 2.594 1 Treasury Securities-Coupon 9128274K5 2875 United States Treasury Note 02/22/1999 1,000,000.00 1,030.310.00 1,001,959.96 5.375 AAA 5.106 302 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,032,810.00 998,461.41 5.250 AAA 5.431 348 08/15/2003 Subtotal and Average 2,968,065.66 2,000,000.00 2,063,120.00 2,000,421.37 5.268 325 Medium Term Notes 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,038,310.00 996,327.10 5.400 Aaa 5.700 519 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 514,246.72 473,805.57 6.250 Aa3 6.800 1,187 12/01/2005 201615DG3 2965 Citifinancial 09/12/2000 1,000,000.00 1,001,150.00 999,806.94 6.375 Aa3 6.915 14 09/15/2002 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000,000.00 1,033,840.00 997,176.94 6.267 Aaa 6.620 325 07/23/2003 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,050,360.00 1,002,086.47 6.810 Aaa 6.610 428 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,099,280.00 998,816.89 7.500 Aa3 7.559 894 02/11/2005 84534ECS5 2827 Southwestern Bell 01/12/1998 1,000,000.00 1,003,670.00 999,845.84 5.730 Aa2 5.858 50 10/21/2002 172967BF7 3013 Cifigroup 05/10/2001 1,000,000.00 1,058,270.00 998,575.02 5.750 Aa2 5.795 1,347 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,066,340.00 996,485.81 6.700 Al 6.920 659 06/21/2004 Subtotal and Average 8,462,339.25 8,481,000.00 8,865,466.72 8,462,926.58 6.514 566 Commercial Paper Disc.-Amortizing 36959JJ61 3087 General Electric Capital Corp 07/02/2002 2,000,000.00 1,999,720.00 1,999,513.89 1.750 Aaa 1.780 5 09/06/2002 7954W1JL8 3085 Salomon SB Holdings 06/28/2002 1,000.000.00 999,170.00 999,071.11 1.760 A1+P1 1.792 19 09/20/2002 Portfolio CITY AP Run Date:09/20/2002-11:17 PM(PRF_PM2)SyrnRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments August 31, 2002 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 3,705,896.29 3,000,000.00 2,998,890.00 2,998,585.00 1.784 10 Federal Agency Disc.-Amortizing 313313Q27 3099 Federal Farm Credit Bank 08/23/2002 2,000,000.00 1,992,800.00 1,992,711.11 1.640 AAA 1.670 80 11/20/2002 313397,128 3089 Federal Home Loan Mort Corp 07/03/2002 2,000,000.00 1,997,200.00 1,996,951.11 1.715 AAA 1.746 32 10/03/2002 313589G31 -3088 Fed.Nat'l Mort.Assoc. 07/03/2002 1,000,000.00 999,300.00 999,190.14 1.715 AAA 1.745 17 09/18/2002 313589G31 3091 Fed.Nat'l Mort.Assoc. 07/09/2002 1,700,000.00 1,698,810.00 1,698,603.17 1.740 AAA 1.770 17 09/18/2002 313589H22 3092 Fed.Nat'l Mort.Assoc. 07/09/2002 2,000,000.00 1,998,000.00 1,997,693.33 1.730 AAA 1.761 24 09/25/2002 313589K93 3101 Fed.Nat'l Mort.Assoc. 08/27/2002 1,000,000.00 997,900.00 997,845.84 1.650 AAA 1.677 47 10/18/2002 Subtotal and Average 11,069,762.28 9,700,000.00 9,684,010.00 9,682,994.70 1.730 38 Rolling Repurchase Agreements SYS00-2001b 01-2002 Union Bank 10/02/2001 0.00 0.00 0.00 1.100 1.115 1 Subtotal and Average 0.00 0.00 0.00 0.00 0.000 1 Total and Average 101,881,721.88 98,439,227.85 99,923,175.82 98,401,027.62 4.057 508 Portfolio CITY AP Run Date:09/20/2002-11:17 PM(PRF PM2)SymRept V6.21 City of HB Portfolio Management Page 5 Portfolio Details - Cash August 31, 2002 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 21,212.49 21,212.49 0 Subtotal 21,212.49 21,212.49 Total Cash and Investmentss 101,881,721.88 98,439,227.85 99,944,388.31 98,422,240.11 4.057 508 Portfolio CITY AP Run Date:09/20/2002-11:17 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 6 Y Type ActivityB T e August 1, 2002 through August 31, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133MDBB8 2996 Federal Home Loan Bank 5.550 08/27/2002 0.00 1,000,000.00 3133MQ2K9 3094 Federal Home Loan Bank 2.530 08/06/2002 1,000,000.00 0.00 3133MQ6G4 3096 Federal Home Loan Bank 2.250 08/12/2002 1,000,000.00 0.00 31364C4D7 2800 Fed.Nat'I Mort.Assoc. 6.150 08/05/2002 0.00 1,000,000.00 Subtotal 2,000,000.00 2,000,000.00 47,102,872.12 Local Agency Investment Funds (Monthly Summary) SYS2206 2206 LAIF-Redevelopment Agency 2.594 3,000,000.00 2,000,000.00 Subtotal 3,000,000.00 2,000,000.00 28,153,227.85 Treasury Securities-Coupon 9128273G5 2945 United States Treasury Note 6.250 08/31/2002 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 2,000,421.37 Medium Term Notes Subtotal 8,462,926.58 Commercial Paper Disc.-Amortizing 7954W1HC0 3086 Salomon SB Holdings 1.770 08/12/2002 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 2,998,585.00 Federal Agency Disc.-Amortizing 313313Q27 3099 Federal Farm Credit Bank 1.640 08/23/2002 1,991,891.11 0.00 313385C95 3090 Federal Home Loan Bank 1.700 08/23/2002 0.00 2,000,000.00 313589C27 3072 Fed.Nat'l Mort.Assoc. 2.000 08/16/2002 0.00 1,000,000.00 313589K93 3101 Fed.Nat'l Mort.Assoc. 1.650 08/27/2002 997,616.67 0.00 313397D65 3043 Federal Nat'l Mort.Corp. 08/28/2002 0.00 2,000,000.00 Subtotal 2,989,507.78 5,000,000.00 9,682,994.70 Rolling Repurchase Agreements Subtotal 0.00 Total 7,989,507.78 12,000,000.00 98,401,027.62 Portfolio CITY AP Run Date:09/20/2002-11:17 PM(PRF PM3)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary August 2001 through August 2002 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 2001 72 110,517,156.02 5.362 5.436 4.502 10 17 833 500 September 2001 67 110,925,431.97 5.049 5.119 4.288 17 21 836 534 October 2001 67 109,168,575.97 5.033 5.103 4.288 4 4 832 517 November 2001 68 107,728,573.17 4.685 4.750 3.526 6 5 827 508 December 2001 70 109,005,141.93 4.503 4.565 3.261 7 5 825 493 January 2002 68 110,328,920.19 4.404 4.466 3.068 4 6 809 468 February 2002 69 108,193,466.33 4.503 4.566 2.967 4 3 874 504 March 2002 70 108,022,090.63 4.462 4.524 2.861 3 2 876 494 April 2002 70 108,878,225.21 4.496 4.558 2.845 2 2 907 513 May 2002 74 110,728,005.96 4.232 4.290 2.740 9 5 838 468 June 2002 73 111,911,861.38 4.098 4.155 2.687 5 6 832 472 July 2002 69 108,270,068.04 4.070 4.126 2.714 10 14 861 506 August 2002 66 101,881,721.88 4.001 4.057 2.594 4 7 858 508 Average 69 108,884,626.03 4.531% 4.593% 3.257 7 7 847 499 Portfolio CITY AP Run Date:09/20/2002-11:1 7 PM(PRF_PM4)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type August 2001 through August 2002 August September October November December January February March April May June July August Average Security Type 2001 2001 2001 2001 2001 2002 2002 2002 2002 2002 2002 2002 2002 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing ._.. -_. ...... ..-- ....._._._. __._ _... .......... _ - - - .. Federal Agency Issues-Coupon 40.4 39.6 39.5 40.0 41.7 40.5 44.6 44.7 46.4 42.4 42.5 46.0 47.9 42.8% --- ---- -_.._-- - ----- ---- - - - - --- - - _..._ _ - - ---- - - _. Local Agency Investment Funds 35.0 36.0 36.6 35.5 31.7 35.8 34.6 34.7 34.9 29.8 28.4 26.5 28.6 32.9% - ---- - - --- -- .._._.. _. _ _.- .......... ..___ - ._ - --- ----- -- --- --- -- -------- Treasury Securities-Coupon 5.3 3.6 3.7 3.6 3.6 3.6 3.7 3.7 3.6 3.5 3.7 2.9 2.0 3.6% _-_._.. - - -- ---- --- - - _.. -- - ---- -- ----- - - - - -- --- - --- -- - --. -- Medium Term Notes 12.5 11.2 11.4 11.3 11.3 11.2 11.6 11.4 11.3 11.0 8.7 8.3 8.6 10.7% _._.. _. --- - ---- - Negotiable CD's -- ............--- ---- - - - - - -- --- Certificates of Deposit-Bank - ------ --- - --- . ._. --- --- -- ---------------- Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 5.1 5.2 5.3 5.4 9.9 7.2 3.7 1.8 5.3 8.3 4.9 3.1 5.0% - ------- - - - -- . -_-- . -_.__ ......_. . .... -- _ _ - -- ---- --- ------- -- - --- ---- _ - - ---- - Federal Agency Disc.-Amortizing 1.8 4.5 3.6 3.6 1.8 1.8 1.8 3.8 3.8 6.2 6.5 11.4 9.8 4.6% Treasury Discounts-Amortizing 1.8 1.9 0.3% _- ._ .. _ .---- --- _. - ...... _.___.._ ..__ _ - __. _ -----_ _. Miscellaneous Discounts-Amortizing -- -.. . ---- -- _ - ------- - ----- ---- _-- - --_ - Rolling Repurchase Agreements 0.6 0.1% Portfolio CITY AP Run Dale:09/20/2002-11:17 PM(PRF_PM5)SymRepl V6.21 Report Ver.5.00 Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of August 31,2002 Summary of investments by type Market Value Market Value Par Value Investment Type as of 7/31/02 as of 8/31/02 1,109,231 Local Agency Investment Fund(LAIF) 1,109,231 1,109,231 31,854,800 Investment Agreements 33,559,656 31,854,800 3,081,029 Federal Government Agency 3,063,328 3,110,056 9,707,844 Money Market Funds 9,887,650 9,707,844 351,364 US Treasury Securities 30,900,440 351,364 46,104,269 78,520,305 46,133,296 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 7/31/02 as of 8/31/02 1,709,574 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(1992) 23,289,789 1,709,574 4,157,523 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) 4,155,086 4,157,523 27,616,933 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 26,284,745 27,640,954 2,701,469 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) 5,317,665 2,701,469 2,913,474 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 2,895,333 2,913,474 3,502,468 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility, Energy Retrofit) 4,229,203 3,502,468 798,150 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds (1992) 803,503 803,156 2,128,747 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 2,127,221 2,128,747 177,537 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 174,283 177,537 0 Huntington Beach Public Finance Authority-Revenue Bonds 1992 Series, Escrow Account 8,968,829 0 5,647 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 55,270 5,647 267,450 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 113,773 267,450 125,296 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 105,606 125,296 46,104,268 78,520,305 46,133,296 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2002 Beginning Distributions/ Balance Contributions/ Transfers/ Earnings Ending Balance (03-31-02) Transfers Payments (change in value) Other (6-30-02) ICMA Retirement Corporation (457 Plan) $15,913,325 $619,294 ($730,354) ($1,228,611) $673 $14,574,326 ICMA Retirement Corporation (401 Plan) $88,684 $23,012 $0 ($6,343) $0 $105,353 Nationwide Retirement Solutions $40,392,368 $1,009,074 ($694,131) ($1,987,713) $0 $38,719,597 Trust Deeds $518,539 $0 $0 $0 $0 $518,539 Total 457 &401 Plan Balances $56,912,916 $1,651,380 ($1,424,485) ($3,222,668) $673 $53,917,815 CITY Cl E F- Ti�` � raC Treasurer's Report - Shari L. Freidenrich, CPA, CCMT F�CIN +GTGI� , CFMa H, CA 1OR OCT 2I P 4: b 7 August s Report RECEIVED FROM AND MADE A PART OF TH �IDT i COUNCIL MWING OF OFFICE OF THE CIT CONNI6 OROCKWAY,CITY CLERK Shari L . Freidenrich , CPA, CCMT, CFMA October 21 , 2002 t L ,f City Treasurer's Office Table of Organization 1/11/02 Shari Freidenrich City Treasurer Administration Joyce A. Greene Dwan Mandel Administrative Assistant Cust Svc Rep Sr Administration A/R-Administration Vacant Vacant Volunteer Volunteer Gail White Customer Svc Rep A/R-Administration Jim Slobojan Deputy City Treasurer Administration Avis Ryan Supr. Cust Svc Rep Carolyn Kowalewski Leonie Crouch Central Cashiering Cust Svc Rep Sr Cust Svc Rep Sr Central Cashiering-Vault Business'License Aron Briggs LeeAnn Benton FCentralCashiering y Puente Customer Svc Rep Customer Svc Rep to Julie Bott mer Svc Rep Kathy Vaughan Central Cashiering Central Cashiering Recurrent-Vault Cust. tvc Rep Field Business License Silvia Giragossian Veronica Wehselau Customer Svc Rep Elisabeth Bodine Corinne Hoffman Customer Svc Rep Central Cashiering Customer Svc Rep Customer Svc Rep Central Cashiering Business License Business License Paul Grassmuck Ann-Lempka fZc el Torrence Recurrent-Water Recurrent-Water urrent-Water : 31° z) • Council/Agency Meeting Held: Deferred/Continued to: ❑Approved ❑ Conditionally Approved ❑ Denied City Clerk's Signature Council Meeting Date: July 15, 2002 Department ID Number: CT 02-13 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City Treasu� PREPARED BY: SHARI L. FREIDNERICH, City Treasurer SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MAY 2002 INVESTMENT SUMMARY REPORT Estatement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysts,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for May 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for May 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for May, 2002. 2 Schedu!e of Bond Investments 3. 1 Deferred Compensation Plan Summary Information Monthly Investment Report and Summary of Investments for May 2002 Attachment 1 City of Huntington Beach Summary of City-investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for May, 2002 City Investment Portfolio: April May Inc./(Dec.) End of month City Portfolio Balance $110,018,757 $113,300,209 $3,281,452 Earned Interest Yield Average 4.63% 4.35% -0.28% Average Maturity ( in days) 513 468 -45 End of Month Market Value $111,350,566 $114,644,128 $3,293,562 End of month bank cash balance $4,651,846 $4,889,712 $237,866 Bond Proceeds Investments: April May Inc./(Dec.) End of Month Bond Reserve Par Value $56,595,638 $54,798,493 ($1,797,145) End of Month Bond Reserve Market Value $56,466,618 $54,693,705 ($1,772,913) Deferred Compensation Investments:* 12/31/2001 3/31/2002 Inc./(Dec.) Participant Balances $56,548,633 $56,912,916 $364,283 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $333,333 $408,768 $75,435 Interest Earned Year to Date $2,666,664 $3,351,860 $685,196 Earned Interest Yield Year to Date 4.50% 4.62% 0.12% *Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: . Days Int. May % of Total Policy Limit to Mat. Rate Federal Agy Issues-Coupon $48,071,408 42% None 952 5.43% Local Agency Inv. Fund (LAIF) $33,802,979 30% $40 million 1 2.74% Treasury Securities-Coupon $4,000,570 4% None 246 5.65% Medium Term Notes $12,459,435 11% 20% 453 6.55% Commercial Paper-Amortizing $5,990,809 5% 25% 31 1.79% Federal Agy Issues-Amortizing $6,978,219 6% None 54 1.99% Treasury Securities-Amortizing $1,996,789 2% None 34 1.73% $113,300,209 100% O A City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary May 31, 2002 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 48,105,000.00 48,961,892.50 48,071,407.87 42.43 1.495 952 .5.360 5.434 Local Agency Investment Funds 33,802,979.04 33.802.979.04 33,802,979.04 29.83 1 1 2.702 2.740 Treasury Securities-Coupon 4,000,000.00 4,082,200.00 4,000,569.77 3.53 1.300 246 5.576 5.654 Medium Term Notes 12,481,000.00 12,826,296.65 12,459,435.56 11.00 1.323 453 6.462 6.551 Commercial Paper Disc.-Amortizing 6,000,000.00 5.991.400.00 5,990,808.68 5.29 44 31 1.760 1.785 Federal Agency Disc.-Amortizing 7,000,000.00 6,982,600.00 6,978,218.60 6.16 145 54 1.958 1.985 Treasury Discounts-Amortizing 2,000,000.00 1,996,760.00 1,996,788.89 1.76 50 34 1.704 1.728 Investments 113,388,979.04 114,644,128.19 113,300,208.61 100.00% 838 468 4.232 4.290 Cash and Accrued Interest Accrued Interest at Purchase 833.33 833.33 Subtotal 833.33 833.33 Total Cash and Investments 113,388,979.04 114,644,961.52 113,301,041.94 838 468 4.232 4.290 Total Earnings May 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 408.768.04 3,351,859.84 Current Budget 333.333.33 2,666,666.64 4,000,000.00 Last Year Actua; 575.268.41 3,987,052.45 6,375,940.94 Average Daily Balance 110,728,005.96 109,021,939.15 Effective Rate of Return 4.35% 4.62% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 17,2001. A copy of this policy is available at the office of the City Clerk. The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market ValueS provi�ed by Union Bank via Merrill Lynch and J.J.Kenney pricing services. -Z8-o 2- L. REI ICH,CITY TREASURER Portfolio CITY AP Run Date:06282002-16:25 PM(PRF_PM1)SymRept V621 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details -Investments May 31, 2002 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 31331LWC8 3053 Federal Farm Credit Bank 12/17/2001 1,000,000.00 1,005,630.00 1,000,000.00 3.490 AAA 3.490 564 12/17/2003 3133M2SMO 2820 Federal Home Loan Bank 12/30/1997 1.000.000.00 1.023.750.00 1.000,000.00 6.200 AAA 6.200 212 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 1.024,690.00 1,000,000.00 6.215 AAA 6.215 220 01/07/2003 3133M7NM4 2871 Federal Home Loan Bank 03/05/1999 1,000,000.00 1.008,750.00 1,000,000.00 5.390 AAA 5.390 96 09/05/2002 3133M5oB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1.029.380.00 997.109.03 5.125 AAA 5.380 471 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000.000.00 1.035,000.00 1.000,861.75 5.630 AAA. 5.546 458 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105.000.00 1.140,912.50 1.106.461.78 5.690 AAA 5.540 383 06/19/2003 3133M8UR3 2898 Federal Home Loan Bank 06/07/1999 1,000.000.00 1.000,310.00 1,000,000.00 6.000 AAA 6.000 737 06/07/2004 3133MAWZ8 2942 Federal Home Loan Bank 03/07/2000 1.000.000.00 1,039.380.00 1,000,000.00 7.440 AAA 7.440 1,010 03/07/2005 3133MBKR7 2951 Federal Home Loan Bank 06/05/2000 1,000,000.00 1,000,310.00 1,000.000.00 7.625 AAA 7.625 369 06/05/2003 3133MBT49 2960 Federal Home Loan Bank 07/26/2000 1,000,000.00 1,007.810.00 1.000.000.00 7.200 AAA 7.200 786 07/26/2004 3133MCA96 2973 Federal Home Loan Bank 10/11/2000 1,000,000.00 1.018,130.00 1.000,000.00 7.000 AAA 7.000 1,228 10/11/2005 3133MCMAO 2984 Federal Home Loan Bank 12tl2/2000 2,000,000.00 2.093,120.00 2.000,000.00 6.330 AAA- 6.330 1,290 12/12/2005 3133MCROO 2988 Federal Home Loan Bank 01/17/2001 1,000.000.00 1,023,750.00 1,000,000.00 6.030 AAA 6.030 1,326 01/17/2006 3133MDBB8 2996 Federal Home Loan Bank 02/27/2001 1,000,000.00 1.008,440.00 1,000,000.00 5.550 AAA " 5.550 818 08/27/2004 3133MDR96 2999 Federal Home Loan Bank 03/30/2001 1,000,000.00 1.011,250.00 1,000,000.00 5.340 AAA 5.340 852 09/30/2004 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,017.810.00 1,000,000.00 5.250 AAA 5.250 1,571 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000.000.00 1,020.310.00 1,000,000.00 5.000 AAA 5.000 1,213 09/26/2005 3133MKND5 3054 Federal Home Loan Bank 12/27/2001 1,000,000.00 1,010,940.00 1,000,000.00 4.610 AAA 4.610 1,122 06/27/2005 3133MMQN6 3068 Federal Home Loan Bank 04/11/2002 2,000.000.00 2,020,620.00 2,000.000.00 5.010 AAA 5.010 1.228 10/11/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1.006.560.00 1.000.000.00 4.540 AAA 4.540 1.276 11/28/2005 312923CU7 2989 Federal Home Loan Mort Corp 01/18/2001 1,000,000.00 1,004,220.00 1,000,000.00 5.320 AAA 5.320 47 07/18/2002 312923WL5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000,000.00 1,021.480.00 1,000,000.00 5.530 AAA "5.530 1.423 04/24/2006 3129236G5 3031 Federal Home Loan Mort Corp 07/26/2001 1,000,000.00 1,005,630.00 1.000.000.00 5.700 AAA 5.700 1.516 07/26/2006 3129236G5 3033 Federal Home Loan Mort Corp 07/26/2001 1,000,000.00 1,005,630.00 999,740.45 5.700 AAA 5.707 1.516 07/26/2006 312924MC4 3044 Federal Home Loan Mort Corp 10/17/2001 1,000,000.00 1,004,080.00 1.000,000.00 3.310 AAA 3.310 503 10/17/2003 312925AT7 3069 Federal Home Loan Mort Corp 03/19/2002 1,000.000.00 1,006.560.00 985,002.09 5.000 AAA 5.361 1.746 03/13/2007 31364C4D7 2800 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,007.230.00 999.743.45 6.150 AAA 6.320 65 08/05/2002 31364GZAO 2885 Fed.Nail Mort.Assoc. 04/20/1999 1,000.000.00 1.045,380.00 1,000,000.00 5.910 AAA . 5.909 657 03119/2004 31364GO93 2905 Fed.Nail Mort.Assoc. 06/11/1999 1,000,000.00 1,047,620.00 994,285.61 6.000 AAA 6.343 716 05/17/2004 31364KRW2 2961 Fed.Nail Mort.Assoc. 07/24/2000 1,000.000.00 1.052,500.00 1,000.000.00 7.300 AAA 7.300 1.150 07/25/2005 31364KVC1 2966 Fed.Nall Mort.Assoc. 09/13/2000 1,000,000.00 1,014,060.00 1,000.000.00 7.000 AAA 7.000 1.200 09/13/2005 31364KYH7 2976 Fed.Nall Mort.Assoc. 11/09/2000 1,000.000.00 1.019,380.00 1,000,000.00 6.500 AAA 6.500 524 11/07/2003 313641<51-0 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000.000.00 1,034,060.00 1.000.000.00 5.550 AAA 5.550 1.384 03/16/2006 3136FOAL6 3002 Fed.Nail Mort.Assoc. 03/29/2001 1,000,000.00 1,027,500.00 1.000,000.00 5.300 AAA 5.300 1,397 03/29/2006 3136FOEW8 3009 Fed.Nail Mort.Assoc. 04/23/2001 1'000,000.00 1,024,380.00 999,756.83 5.510 AAA 5.517 1.416 04/17/2006 Portfolio CITY AP Run Date:06I262002•1525 PM(PRF_PM2)SyrnRepl V6.21 Report Ver.5.00 City of HB Portfolio Management Page s Portfolio Details -Investments May 31, 2002 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 3136FOJP8 3011 Fed.Nail Mort.Assoc. 05/15/2001 1,000,000.00 1,027,190.00 1,000.000.00 5.625 AAA 5.625 1.444 05/15/2006 3136FOKY7 3020 Fed.Nall Mort.Assoc. 05/22/2001 1.000.000.00 1,025,940.00 996,028.43 5.550 AAA 5.666 1,445 05/16/2006 3136FO3EO 3046 Fed.Nall Mort.Assoc. 11/19/2001 1.000.000.00 999,690.00 1.000.000.00 3.625 AAA 3.625 902 11/19/2004 3136FO4Z2 3051 Fed.Natl Mort.Assoc. 11/16/2001 1.000.000.00 990,630.00 996.927.71 3.400 AAA 3.533 898 11/15/2004 3136FlCF5 3055 Fed.Natl Mort.Assoc. 12/27/2001 2,000.000.00 2,000.620.00 2,000.000.00 2.350 AAA 2.350 209 12/27/2002 3136F1KV1 3064 Fed.Nail Mort.Assoc. 02/14/2002 1,000.000.00 1,012,500.00 1.000.000.00 5.010 AAA 5.010 1,719 02/14/2007 3136F1JX9 3065 Fed.Nall Mort.Assoc. 02/15/2002 1,000.000.00 1,006,880.00 995,490.74 4.100 AAA' 4.279 990 02/15/2005 3136F1MR8 3066 Fed.Nall Mort.Assoc. 02/25/2002 1.000,000.00 1,007,500.00 1.000,000.00 4.350 AAA 4.350 1.181 08/25/2005 3136F1WA4 3070 Fed.Nail Mort.Assoc. 04/12/2002 1,000,000.00 1,024,380.00 1,000,000.00 5.350 AAA 5.350 1.776 04/12/2007 Subtotal and Average 47,876,945.77 48.105,000.00 48,961,892.50 48,071,407.87 5.434 952 Local Agency Investment Funds SYS982 982 Lait City 19.865,753.23 19,865.753.23 19,865.753.23 2.740 NR 2.740 1 SYS2206 2206 LAIF-Redevelopment Agency 13.937.225.81 13,937,225.81 13,937.225.81 2.740 NR 2.740 1 Subtotal and Average 37,696,527.43 33,802,979.04 33,802,979.04 33,802,979.04 2.740 1 Treasury Securities-Coupon 9128274K5 2875 United States Treasury Note 02/22/1999 1.000,000.00 1,031,880.00 1,002,557.03 5.375 AAA 5.106 394 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,032,500.00 998,054.66 5.250 AAA 5.431 440 08/15/2003 9128273C4 2897 United States Treasury Note 05/17/1999 1.000,000.00 1.006,880.00 1.000.792.59 6.000 AAA 5.464 60 07/31/2002 9128273G5 2945 United States Treasury Note 03/28/2000 1,000,000.00 1,010.940.00 999.165.49 6.250 AAA 6.615 91 08/31/2002 Subtotal and Average 4,000,661AO 4,000,000.00 4.082,200.00 4,000,569.77 5.654 246 Medium Term Notes 046003JP5 2857 Associated Corp. 11/06/1998 1.000,000.00 1,004.430.00 1.000,253.48 5.875 Aa3 5.640 44 07/15/2002 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,025,290.00 995.680.21 5.400 Aaa .5.700 611 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 507,286.65 473,252.15 6.250 Aa3 6.800 1,279 12/01/2005 201615DG3 2965 Citifinancial 09/12/2000 -1,000,000.00 1.012,440.00 998,565.86 6.375 Aa3 6.915 106 09/15/2002 369626TR5 2974 General Electric Capital Corp 09/29/2000 1,000.000.00 1,032.710.00 996.387.89 6.267 Aaa 6.620 417 07/23/2003 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1.051,330.00 1,002.531.45 6.810 Aaa 6.610 520 11/03/2003 580135CA7 2851 McDonald's 06/30/1998 1,000,000.00 1,001.920.00 1.000,026.56 6.000 Aa2 5.950 22 06/23/2002 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,081,780.00 998,695.89 7.500 Aa3 7.559 986 02/11/2005 84534ECS5 2827 Southwestern Bell 01/12/1998 1.000.000.00 1,012.430.00 999,568.35 5.730 Aa2 5.858 142 10/21/2002 17306EACS 2955 Citigroup 06/06/2000 2.000.000.00 2.000.300.00 1,999,995.97 7.450 Aa2 7.466 5 06/06/2002 172967BF7 3013 Citigroup 05/10/2001 1,000.000.00 1.036.760.00 998,478.52 5.750 Aa2 5.795 1.439 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,059,620.00 995.999.23 6.700 Al .6.920 751 06/21/2004 Portfolio CITY AP Run Date:062WO02.15:25 PM(PRF_PM2)SymRept V621 City of HB Portfolio Management Page Portfolio Details -Investments May 31, 2002 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 12,458,934.71 12,481,000.00 12,826,296.65 12,459,435.56 6.551 453 Commercial Paper Disc.-Amortizing 36959JG15 3080 General Electric Capital Corp 05/23/2002 2,000,000.00 1,997,280.00 1,997,083.33 1.750 Aaa 1.778 30 07/01/2002 71708FFUl 3083 Pfizer,Inc. 05/23/2002 2,000,000.00 1,997,560.00 1,997,405.00 1.730 A1+ 1.757 27 06/28/2002 7954W1G80 3074 Salomon Smith Barney 05/13/2002 2,000,000.00 1,996,560.00 1,996,320.55 1.790 Al 1.820 37 07/08/2002 Subtotal and Average 2,382,468.40 6,000,000.00 5,991,400.00 5,990,808.88 1.785 31 Federal Agency Disc.-Amortizing 313385YY6 3073 Federal Home Loan Bank 05/14/2002 1,000,000.00 998,500.00 998,394.44 1.700 AAA 1.728 34 07/05/2002 313385YWO 3075 Federal Home Loan Bank 05/14/2002 1,000,000.00 998,600.00 998,488.89 1.700 AAA 1.728 32 07/03/2002 13397YV7 3079 Federal Home Loan Mort Corp 05/16/2002 1,000,000.00 998,600.00 998.501.66 1.740 AAA 1.768 31 07/02/2002 313397YV7 3081 Federal Home Loan Mort Corp 05/23/2002 1,000,000.00 998.600.00 998,544.72 1.690 AAA 1.717 31 07/02/2002 313589C27 3072 Fed.Nail Mort.Assoc. 03/26/2002 1,000,000.00 996,500.00 995.777.78 2.000 AAA 2.044 76 08/16/2002 313397D65 3043 Federal Nall Mort.Corp. 09/20/2001 2,000,000.00 1,991,800.00 1,988,511.11 AAA 2.457 88 08/28/2002 Subtotal and Average 5,282,233.12 7,000,000.00 6,982,600.00 6,978,218.60 1.985 54 Treasury Discounts-Amortizing 912795KO3 3078 United States Treasury Note 05/16/2002 2,000,000.00 1,996,760.00 1,996,788.89 1.700 AAA 1.728 34 07/05/2002 Subtotal and Average 1,030,235.13 2,000,000.00 1,996,760.00 1,996,788.89 1.728 34 Rolling Repurchase Agreements SYS00-2001b 01-2002 Union Bank 10/02/2001 0.00 0.00 0.00 1.100 1.115 1 Subtotal and Average 0.00 0.00 0.00 0.00 0.000 1 Total and Average 110,728,005.96 113,388,979.04 114,644,128.19 113,300,208.61 4.290 468 Portfolio CITY AP Run Date:06282002.15:25 PM(PRF_PM2)SymRept V6.21 Schedule of Bond Investments" Held by Fiscal Agent as of May 31,2002 Summary of investments by type Market Value Market Value Par Value Investment Type as of 4/30/02 as of 5/31/02 $4,778,403 Local Agency Investment Fund(LAIF) 6,227,947 4,778,403 $35,664,775 Investment Agreements 36,037,569 35,664,775 $2,290,201 Federal Government Agency 2,172,566 2,182,923 $1,964,797 Money Market Funds 1,936,979 1,974,797 $10,100,317 US Treasury Securities 10,091,556 10,092,808 54,798,493 56,466,617 54,693,705 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 4/30/02 as of 5/31/02 $29,003,139 Huntington Beach PFA- 2001 Series A(South-Beach Improvements&Central Park Sports Complex) 30,335,001 28,895,860 $2,702,925 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg.Refinance) 2,702,849 2,702,925 $5,695,764 City of Huntington Beach-'2001 Community Facilities District(Grand Coast-Hyatt) 5,695,610 5,695,764 $3,159,353 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility,Energy Retrofit) 3,532,104 3,159,353 $814,560 City of Huntington Beach 1999 Tax Allocation Refunding Bonds 792,257 807,050 $2,124,353 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 2,122,844 2,124,353 $168,519 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 165,888 168,519 $85 City of Huntington Beach-1993 Refunding COP(Police Administration Bldg. Refinance Project) 85 85 $182 City of Huntington Beach- 1993 Refunding COP(Civic Center Refinance. Refinance Project) 182 182 $8,968,829 Huntington Beach Public Finance Authority-Revenue Bonds 1992 Series,Escrow Account 8,968,829 8,968,829 $1,980,994 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 1,990,942 1,990,994 $113,497 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 113,360 113,497 $66,295 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 46,667 66,295 $0 City of Huntington Beach-Community Facilities District No. 1990-1 (Goldenwest/Ellis Area) 0 0 54,798,494 56,466,618 54,693,706 Deferred Compensation. Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2002 Beginning Distributions/ balance Contributions/ Transfers/ Earnings Ending Balance (12-31-01) Transfers Payments (change in value) Other (3-31-02) ICMA Retirement Corporation (457 Plan) $15,916,593 $304,558 ($256,936) ($13,299) ($37,591) $15,913,325 ICMA Retirement Corporation (401 Plan) $69,432 $19,417 $0 ($1.65) $0 $88,684 Nationwide Retirement Solutions $40,044,069 $989,241 ($953,542) $312,601 $0 $40,392,368 Trust Deeds $518,539 $0 $0 $0 $0 $518,539 Total 457&401 Plan Balances $56,548,633 $1,313,216 ($1,210,478) $299,137 ($37,591) $56,912,916 State of California Pooled Money Investment Account Market Valuation 05/31/2002 Description Carrying Cost Plus . Fair Value Accrued Interest Accrued Interest Purch. United States Treasury: Bills $595,024,152.82 $599,247,000.00 NA Notes $5,573,030,627.94 $5,619,354,500.00 $56,849,873.00 Federal Agency: SBA $263,000,603.60 $262,466,564.44 $1,008,918.79 MBS $675,176,441.91 $683,184,935.79 $3,444,666.48 Bonds $3,913,233,684.45 $3,949,296,533.50 $40,936,757.39 Floaters $- $- $- Discount Notes $8,201,096,189.29 $8,304,554,162.70 NA FHLMC PC $7,412,871.63 $8,085,174.25 $ 119,173.38 GNMA $795,561.91 $916,222.34 $7,891.82 Bankers Acceptances $ 17,877,221.82 $18,026,704.43 NA Bank Notes $625,002,736.26 $625,125,507.75 $3,680,932.78 CDs $6,781,927,266.58 $6,782,818,019.03 $45,952,193.06 Commercial Paper $9,643,648,591.90 $9,671,140,565.33 NA Corporate: Floaters $630,491,541.47 $626,402,495.48 $ 1,680,054.94 Bonds $1,663,702,663.19 $1,673,944,241.14 $26,111,785.30 Repurchase Agreements $- $- NA Reverse Repurchase $(648,187,500.00) $(648,187,500.00) $(2,897,713.54) Time Deposits $5,193,195,000.00 $5,193,195,000.00 NA AB 55 & GF Loans $4,479,852,464.49 $4,479,852,464.49 NA TOTAL $47,616,280,119.26 $47,849,422,590.67 $176,894,533.40 Fair Value Including Accrued Interest $48,026,317,124.07 CITY OF HUNTINGTON BEACH STATEMENT OF INVESTMENT POLICY FISCAL YEAR 2001/2002 TABLE OF CONTENTS SECTION 1.0 Purpose....................................................................................................................2 2.0 Policy.......................................................................................................................2 3.0 Scope........................................................................................................................2 4.0 Prudence.................................................................................................................3 5.0 Objective.................................................................................................................3 6.0 Investment Advisory Board..................................................................................4 7.0 Delegation of Authority.........................................................................................4 8.0 Ethics and Conflicts of Interest............................................................................4 9.0 Authorized Financial Dealers & Institutions ......................................................5 10.0 Authorized & Suitable Investments.....................................................................6 11.0 Portfolio Adjustment............................................................................................. 8 12.0 Collateralization.....................................................................................................8 13.0 Safekeeping and Custody......................................................................................8 14.0 Diversification ........................................................................................................9 15.0 Maximum Maturities.............................................................................................9 16.0 Internal Control................................................................................................... 10 17.0 Performance Standards....................................................................................... 10 18.0 Reporting.............................................................................................................. 11 19.0 Investment Policy Adoption................................................................................ 12 Glossary.................................................................................................................13 AppendixA—Investment Guidelines................. ..................................i 0102invpol 1 October 15,2001 CITY OF HUNTINGTON BEACH Statement of Investment Policy 1.0 Purpose: This policy is intended to provide guidelines for the prudent investment of the city's cash balances, and outline the policies to assist maximizing the efficiency of the city's cash management system while meeting the daily cash flow demands of the city. 2.0 Policy: The investment practices and policies of the City of Huntington Beach are based upon state law and prudent money management. The primary goals of these practices are: A. To assure compliance with all Federal, State, and local laws governing the investment of public funds under the control of the City Treasurer. B. To protect the principal moneys entrusted to this office. C. Achieve a reasonable rate of return within the parameters of prudent risk management while minimizing the potential for capital losses arising from market changes or issuer default. 3.0 Scope: This investment policy applies to all financial assets as indicated in 3.1 below of the City of Huntington Beach. These funds are accounted for in the city's Comprehensive Annual Financial Report and include: 3.1 Funds: The City Treasurer is responsible for investing the unexpended cash in the City Treasury for all funds, except for the employee's retirement funds, which are administered separately and those funds which are managed separately by trustees appointed under indenture agreements. The City Treasurer will strive to maintain the level of investment of this cash as close as possible to 100%. These funds are described in the city's annual financial report and include: 3.1.1 General Fund 3.1.2 Special Revenue Funds 3.1.3 Capital Project Funds 0102invpol 2 October 15,2001 3.1.4 Enterprise Funds 3.1.5 Trust and Agency Funds 3.1.6 Any new fund created by the legislative body, unless specifically exempted This investment policy applies to all transactions involving the financial assets and related activity of the foregoing funds. 4.0 Prudence: The standard of prudence to be used by the City Treasurer shall be the "prudent investor" standard. This shall be applied in the context of managing an overall portfolio. The "Prudent Investor Rule" provides, pursuant to California Government Code Section 53600.3, that investments shall be made with judgment and care—under circumstances then prevailing—which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safety of their capital as well as the probable income to be derived. 4.1 The City Treasurer and the Deputy City Treasurer, as investment officers acting in accordance with written procedures and the investment policy and exercising due diligence, shall be relieved of personal responsibility for an individual security's credit risk or market price changes, provided deviations from expectations are reported to the City Council in a timely fashion and appropriate action is taken to control adverse developments. 5.0 Objective: Consistent with this aim, investments are made under the terms and conditions of California Government Code Section 53600, et seq. Criteria for selecting investments and the absolute order of priority are: 5.1 Safety: Safety of principal is the foremost objective of the investment program. Investments of the City of Huntington Beach shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. To attain this objective, diversification is 0102invpol 3 October 15,2001 required in order that potential losses on individual securities do not exceed the income generated from the remainder of the portfolio. 5.2 Liquidity: The City of Huntington's Beach's investment portfolio will remain sufficiently liquid to enable the City of Huntington Beach to meet all operating requirements which might be reasonably anticipated and to maintain compliance with any indenture agreement, as applicable. Liquidity is essential to the safety of principal. 5.3 Return on Investments: The City of Huntington Beach's investment portfolio shall be designed with the objective of attaining a market-average rate of return throughout budgetary and economic cycles (market interest rates), within the City of Huntington Beach's investment policy's risk parameters and the cash flow needs of the City. See also Section 17.0. 6.0 Investment Advisory Board: By City Charter, the City Treasurer is the custodian of all public funds of the City of Huntington Beach. The City Council may appoint Huntington Beach residents, professional, and non professional people, to serve on an Investment Advisory Board for the purpose of advising the City Treasurer on the City's investment program and at least quarterly, review the investment portfolio for compliance with the adopted investment policy. Exceptions: Items in the Investment Policy that require City Council approval will first be reviewed by the Investment Advisory Board. 7.0 Delegation of Authority: Within the City Treasurer's office, the responsibility for the day to day investment of the City funds will be the City Treasurer and is delegated to the Deputy City Treasurer in the absence of the City Treasurer. The City Treasurer shall be responsible for all transactions undertaken and shall establish a system of controls to regulate the activities of subordinate officials. 8.0 Ethics and Conflicts of Interest: In addition to state and local statutes relating to conflicts of interest, all persons involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to 0102invpol 4 October 15,2001 make impartial investment decisions. Employees and investment officers are required to file annual disclosure statements as required for "public officials who manage public investments" (as defined and required by the Political Reform Act and related regulations, being Government Code Sections 81000 and the Fair Political Practices Commission (FFPC)). 9.0 Authorized Financial Dealers and Institutions: The City Treasurer will maintain a list of the financial institutions and broker/dealers authorized to provide investment and depository services and will perform an annual review of the financial condition and registrations of qualified bidders and require annual audited financial statements to be on file for each company. The City will utilize Moody's Securities, Sheshunoff bank and savings and loan ratings, or other such services to determine financially sound institutions with which to do business. The City shall annually send a copy of the current investment policy to all financial institutions and broker/dealers approved to do business with the City. As far as possible, all money belonging to, or in the custody of, a local agency, including money paid to the City Treasurer or other official to pay the principal, interest, or penalties of bonds, shall be deposited for safekeeping in state or national banks, savings associations, federal associations, credit unions, or federally insured industrial loan companies in this state selected by the City Treasurer; or may be invested in the investments set forth in Section 10.0. To be eligible to receive local agency money, a bank, savings association, federal association, or federally insured industrial loan company shall have received an overall rating of not less than "satisfactory" in its most recent evaluation by the appropriate federal financial supervisory agency of its record of meeting the credit needs of California's communities, including low- and moderate- income neighborhoods. To provide for the optimum yield in the investment of city funds, the city's investment procedures shall encourage competitive bidding on transactions from approved brokers/dealers. In order to be approved by the city, the dealer must be a "primary" dealer or regional dealer that qualifies under Securities and Exchange Commission Rule 0102invpol 5 October 15,2001 150-1 (Uniform Net Capitol Rule). The institution must have an office in California. The dealer must be experienced in institutional trading practices and familiar with the California Government Code as related to investments appropriate for the city; and, other criteria as may be established in the investment procedures. All broker/dealers and financial institutions who desire to become qualified bidders for investment transactions must submit a `Broker/Dealer Application" and related documents relative to eligibility including a current audited annual financial statement, U4 form for the broker, proof of state registration, proof of National Association of Securities Dealers certification and a certification of having read and understood the City's investment policy and agreeing to comply with the policy. The City Treasurer shall determine if they are adequately capitalized (i.e. minimum capital requirements of $10,000,000 and five years of operation). 10.0 Authorized & Suitable Investments: The City is authorized by California Government Code Section 53600, et. seq. to invest specific types of securities. Investments not specifically listed below are deemed inappropriate and prohibited: A. BANKERS ACCEPTANCES, maximum 25% of portfolio (up to 40% with Council approval). Maximum term 180 days . Banks must have a short term rating of at least Al/PI and a long-term rating of A or higher as provided by Moody's Investors Service or Standard and Poor's Corp. No more than 30 percent of the agency's money may be invested in the bankers acceptances of any one commercial bank pursuant to this section. B. NEGOTIABLE CERTIFICATES OF DEPOSIT, maximum 30% of portfolio. Maximum term three (3)years, (Up to five (5)years with Council approval). Banks must have a short term rating of Al/PI and a long term rating of at least a single A from a nationally recognized authority on ratings. C. COMMERCIAL PAPER, maximum 25% of portfolio. Maximum term 270 days. Commercial paper of prime quality of the highest ranking or of the highest letter and number rating as provided for by Moody's Investor Services, Standard & Poor's and Fitch Financial Services. The issuing corporation must be organized and operating within the United States,with total assets 0102invpol 6 October 15,2001 in excess of$500 million and shall issue debt, other than commercial paper, that is rated "A" or higher by Moody's, S&P and Fitch. Split ratings(i.e. A2/P1) are not allowable. No more than 10 percent of the outstanding commercial paper of any single corporate issue may be purchased. D. BONDS ISSUED BY THE CITY OR ANY LOCAL AGENCY WITHIN THE STATE OF CALIFORNIA. Bonds must have a"A"rating or better E. OBLIGATIONS OF THE UNITED STATES TREASURY United States Treasury Notes, bonds, bills or certificates of indebtedness, or those for which the faith and credit of the United States are pledged for the payment of principal and interest. There is no limit on the percentage of the portfolio which can be invested in this category. . F. FEDERAL AGENCIES Debt instruments issued by agencies of the Federal government. Though not general obligations of the U.S. Treasury, such securities are sponsored by the government or related to the government and, therefore,have high safety ratings. The following are authorized Federal Intermediate Credit Bank (FICB's), Federal Land Bank (FLB's), Federal Home Loan Bank (FHLB's), Federal National Mortgage Association (FNMA's), Federal Home Loan Mortgage Corporation (FHLMC's), Government National Mortgage Association (GNMA's), Tennessee Valley Authorities (TVA's), Student Loan Association Notes (SLMA's) and Small Business Administration(SBA's). There is no limit on the percentage of the portfolio which can be invested in this category. G. REPURCHASE AGREEMENT, maximum term 3 months. Investments in repurchase agreements may be made, on any investment authorized in this section, when the term of the agreement does not exceed 3 months. A Master Repurchase Agreement must be signed with the bank or broker/dealer who is selling the securities to the City. H. REVERSE-REPURCHASE AGREEMENTS (Requires City Council approval for each transaction) Reverse repurchase agreements or securities lending agreements may be utilized only when all of the following conditions are met: (A)The security to be sold on reverse repurchase agreement or securities lending agreement has been owned and fully paid for by the local agency for a minimum of 30 days prior to sale. (B) The total of all reverse repurchase agreements and securities lending agreements on investments owned by the local agency does not exceed 20 percent of the base value of the portfolio. 0102invpol 7 October 15,2001 (C) The agreement does not exceed a term of 92 days, unless the agreement includes a written codicil guaranteeing a minimum earning or spread for the entire period between the sale of a security using a reverse repurchase agreement or securities lending agreement and the final maturity date of the same security. (D) Funds obtained or funds within the pool of an equivalent amount to that obtained from selling a security to a counterparty by way of a reverse repurchase agreement or securities lending agreement,shall not be used to purchase another security with a maturity longer than 92 days from the initial settlement date of the reverse repurchase agreement or securities lending agreement, unless the reverse repurchase agreement or securities lending agreement includes a written codicil guaranteeing a minimum earning or spread for the entire period between the sale of a security using a reverse repurchase agreement or securities lending agreement and the final maturity date of the same security. Investments in reverse repurchase agreements, securities lending agreements, or similar investments in which the local agency sells securities prior to purchase with a simultaneous agreement to repurchase the security shall only be made with primary dealers of the Federal Reserve Bank of New York or with a nationally or state-chartered bank that has or has had a significant banking relationship with a local agency. (A) For purposes of this chapter, "significant banking relationship" means any of the following activities of a bank: (i)Involvement in the creation, sale,purchase, or retirement of a local agency's bonds,warrants, notes,or other evidence of indebtedness. (ii)Financing of a local agency's activities. (iii)Acceptance of a local agency's securities or funds as deposits. I. MEDIUM-TERM CORPORATE NOTES, maximum 20% of portfolio (30% with Council approval), with a maximum remaining maturity of five years or less. Notes eligible for investment shall be "A" rated or its equivalent or better as determined by a nationally recognized rating service. J. TIME DEPOSITS-CERTIFICATES OF DEPOSIT (non-negotiable certificates of deposit.) (maximum of 3 years) Deposits must be made with banks or savings & loan that have a short term rating of Al/P1 or a long term rating of at least a single A from a generally recognized authority on ratings. 0102invpol 8 October 15,2001 K. OBLIGATIONS OF THE STATE OF CALIFORNIA Obligations must be"A"rated or better from a nationally recognized authority on ratings. L. MONEY MARKET FUNDS, maximum 15% of portfolio. (Requires City Council approval for each transaction) No more than 10 percent of the agency's surplus funds may be invested in shares of beneficial interest of any one Money Market fund. Local agencies may invest in "shares of beneficial interest" issued by diversified management companies which invest only in direct obligations in US Treasury bills,notes and bonds,and repurchase agreements with a weighted average of 60 days or less. They must have the highest rating from two national rating agencies,must maintain a daily principal per share value of $1.00 per share and distribute interest monthly, and must have a minimum of$500 million in assets under management. The purchase price of the shares may not include commission. M. THE LOCAL AGENCY INVESTMENT FUND (LAIF) Is a special fund of the California State Treasury through which any local government may pool investments. The city may invest up to $20,000,000 per agency in this fund. Currently, the city has established two(2)agency funds through which the Treasurer may invest the unexpended cash for all funds: The City of Huntington Beach City Fund, and the Huntington Beach Redevelopment Agency Funds. Investments in LAIF are highly liquid and may be converted to cash within 24 hours. 10.1 Investment Pools: The City Treasurer or designee shall be required to investigate all local government investment pools and money market mutual funds prior to investing and performing at least a quarterly review thereafter while the City is invested in the pool or the money market fund. LAIF is authorized under provisions in Section 16429.1 of the California Government Code as an allowable investment for local agencies even though some of the individual investments of the pool are not allowed as a direct investment by a local agency. 11.0 Portfolio Adjustments: Should any investment listed in section 10.0 exceed a percentage-of-portfolio limitation due to an incident such as fluctuation in portfolio size, the affected securities may be held to maturity to avoid losses. When no loss is indicated, the Treasurer shall consider 0102invpol 9 October 15,2001 reconstructing the portfolio basing his/her decision on the expected length of time the portfolio will be unbalanced. If this occurs, the City Council shall be notified. 12.0 Collateralization: Under provisions of the California Government Code, California banks, and savings and loan associations are required to secure the city's deposits by pledging government securities with a value of 110 % of principal and accrued interest. California law also allows financial institutions to secure city deposits by pledging first trust deed mortgage notes having a value of 150% of city's total deposits. Collateral will always be held by an independent third party. A clearly marked evidence of ownership (safekeeping receipt) must be supplied to the city and retained. The market value of securities that underlay a repurchase agreement shall be valued at 102 percent or greater of the funds borrowed against those securities and the value shall be adjusted no less than quarterly. Since the market value of the underlying securities is subject to daily market fluctuations, the investments in repurchase agreements shall be in compliance if the value of the underlying securities is brought back up to 102 percent no later than the next business day. The City Treasurer, at his/her discretion, may waive the collateral requirement for deposits that are fully insured up to $100,000 by the Federal Deposit Insurance Corporation. The right of collateral substitution is granted. 13.0 Safekeeping and Custody: All city investments shall have the City of Huntington Beach as its registered owner, and all interest and principal payments and withdrawals shall indicate the City of Huntington Beach as the payee. All securities shall be safe kept with the city itself or with a qualified financial institution, contracted by the city as a third party. All agreements and statements will be subject to review annually by external auditors in conjunction with their audit. In the event that the City has a financial institution hold the securities, a separate custodial agreement shall be required. All securities shall be acquired by the safekeeping institution on a "Delivery-Vs-Payment" (DVP) basis. For Repurchase Agreements, the purchase may be delivered by book entry, physical delivery or by third- party custodial agreement consistent with the Government Code. The transfer of 0102invpol 10 October 15,2001 securities to the counterparty bank's customer book entry account may be used for book entry delivery. 14.0 Diversification: The city's investment portfolio will be diversified to avoid incurring unreasonable and avoidable risks associated with concentrating investments in specific security types, maturity segment, or in individual financial institutions. With the exception of U.S. Treasury securities and authorized pools, no more than 60% of the total investment portfolio will be invested in a single security type or with a single financial institution. In addition, no more than 10% of the investment portfolio shall be in securities of any one issuer except for U.S. Treasuries and US Government Agency issues. A. Credit risk, defined as the risk of loss due to failure of the insurer of a security, shall be mitigated by investing in those securities with an "A" or above rating and approved in the investment policy and by diversifying the investment portfolio so that the failure of any one issuer would not unduly harm the city's cash flow. B. Market risk, defined as the risk of market value fluctuations due to overall changes in the general level of interest rates, shall be mitigated by structuring the portfolio so that securities mature at the same time that major cash outflows occur, thus eliminating the need to sell securities prior to their maturity. It is explicitly recognized herein, however, that in a diversified portfolio, occasional measured losses are inevitable and must be considered within the context of overall investment return. The city's investment portfolio will remain sufficiently liquid to enable the city to meet all operating requirements which might be reasonably anticipated. 15.0 Maximum Maturities: To the extent possible, the City of Huntington Beach will attempt to match its investments with anticipated cash flow requirements. Unless matched to a specific cash flow, the city will not directly invest in securities maturing more than five (5) years from the date of purchase, unless, the legislative body has granted express authority to make that investment either specifically, or as a part of an investment program approved by the 0102invpol 11 October 15,2001 City Council. The City of Huntington Beach shall not permit more than 30% of its investment portfolio to be invested in securities with maturities over three years. 16.0 Internal Control: The external auditors shall annually review the investments with respect to the investment policy. This review will provide internal control by assuring compliance with policies and procedures for the investments that are selected for testing. Additionally, account reconciliation and verification of general ledger balances relating to the purchasing or maturing of investments and allocation of investments to fund balances shall be performed by the Finance Department and approved by the City Treasurer. To provide further protection of city funds, written procedures prohibit the wiring of any city funds without the authorization of at least two of the four designated city officials: 1. City Treasurer 2. Deputy City Treasurer 3. Finance Officer 4. Director of Administrative Services 17.0 Performance Standards: This investment policy shall be reviewed at least annually by the Investment Advisory Board and the City Council to ensure its consistency with the overall objective of preservation of principal, liquidity, and return, and its relevance to current law and financial and economic trends. All financial assets of all other funds shall be administered in accordance with the provisions of this policy. The moneys entrusted to the City Treasurer will be a passively managed portfolio. However, the City Treasurer will make best efforts to observe, review, and react to changing conditions that affect the portfolio. 17.1 Market Yield (Benchmark): The investment portfolio shall be managed to attain a market-average rate of return throughout budgetary and economic cycles, taking into account the city's investment risk constraints and cash flow. Market average will be considered for benchmark purposes to be the 1-3 Year Merrill Lynch Treasuries/Agencies Index. While the city will not make investments for the purpose of trading or speculation as the dominant criterion, the City 0102invpol 12 October 15,2001 Treasurer shall seek to enhance total portfolio return by means of ongoing portfolio and cash management. The prohibition of highly speculative investments precludes pursuit of gain or profit through unusual risk and precludes investments primarily directed at gains or profits from conjectural fluctuations in market prices. The City Treasurer will not directly pursue any investments that are leveraged or deemed derivative in nature. However, as long as the original investments can be justified by their ordinary earning power, trading in response to changes in market value can be used as part of ongoing portfolio management. 18.0 Reporting: The City Treasurer shall submit a monthly investment report and a quarterly report to the City Council, City Administrator, and Finance Officer and the Investment Advisory Board within 30 days following the end of the quarter. This report will include the following elements: 18.1 Type of investment 18.2. Institution/Issuer 18.3 Purchase Date 18.4 Date of maturity 18.5 Amount of deposit or cost of the investment 18.6 Face value of the investment 18.7 Current market value of securities and source of valuation 18.8 Rate of interest 18.9 Interest earnings 18.10 Statement relating the report to the Statement of Investment Policy 18.11 Statement on availability of funds to meet the next six month's obligations 18.12 Monthly and Year to date Budget Amounts for Interest Income 18.13 Percentage of Portfolio by Investment Type 18.14 Days to Maturity for all Investments 18.15 Comparative report on Monthly Investment Balances &Interest Yields 18.16 Monthly transactions 0102invpol 13 October 15,2001 This monthly/quarterly report shall be placed on the City Council Agenda for Council and public review. In addition, a commentary on capital markets and economic conditions may be included with the report. The City Treasurer shall submit, pursuant to Section 53646 of the Government Code, a copy of the quarterly investment report to the California Debt and Investment Advisory Commission (CDIAC) for both the second and fourth calendar quarters within sixty days following the end of the quarter. In addition, the City Treasurer shall annually submit to CDIAC a copy of the adopted investment policy within sixty days following the end of the quarter that the policy was amended. 19.0 Investment Policy Adoption: By virtue of a resolution of the City Council of the City of Huntington Beach, the Council shall acknowledge the receipt and filing of this annual statement of investment policy for the respective fiscal year. 0102invpol 14 October 15,2001 GLOSSARY AGENCIES: Federal agency securities. ASKED: The price at which securities are offered. (The price at which a firm will sell a security to an investor.) BANKERS' ACCEPTANCE (BA): A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill, as well as the issuer. The drafts are drawn on a bank by an exporter or importer to obtain funds to pay for specific merchandise. An acceptance is a high grade negotiable instrument. BASIS POINT: One one-hundredth of a percent (i.e. 0.01%) BID: The price offered by a buyer of securities. (When you are selling securities, you ask for a bid.) BROKER: A broker brings buyers and sellers together for a commission. He does not take a position. CERTIFICATE OF DEPOSIT (CD): A time deposit with a specific maturity evidenced by a certificate. Large-denomination CD's are typically negotiable. COLLATERAL: Securities, evidence of deposit or other property which a borrower pledges to secure repayment of a loan. Also refers to securities pledged by a bank to secure deposits of public monies. COMMERCIAL PAPER: Short term unsecured promissory note issued by a corporation to raise working capital. These negotiable instruments are purchased at a 0102invpol 15 October 15,2001 discount to par value or at par value with interest bearing. Commercial paper is issued by corporations such as General Motors Acceptance Corporation, IBM, BankAmerica, etc. COUPON: a). The annual rate of interest that a bond's issuer promises to pay the bondholder on the bond's face value. b) A certificate attached to a bond evidencing interest due on a payment date. DEALER: A dealer, as opposed to a broker, acts as a principal in all transactions, buying and selling for his own account. DEBENTURE: A bond secured only by the general credit of the issuer. DELIVERY VERSUS PAYMENT: There are two methods of delivery of securities: delivery versus payment and delivery versus receipt. Delivery versus payment is delivery of securities with an exchange of money for the securities. Delivery versus receipt is delivery of securities with an exchange of a signed receipt for the securities. DISCOUNT: The difference between the cost price of a security and its maturity when quoted at lower than face value. A security selling below original offering price shortly after sale also is considered to be at a discount. DISCOUNT SECURITIES: Non-interest bearing money market instruments that are issued at a discount and redeemed at maturity for full face value(e.g. US Treasury Bills). DIVERSIFICATION: Dividing investment funds among a variety of securities offering independent returns. FEDERAL CREDIT AGENCIES: Agencies of the Federal government set up to supply credit to various classes of institutions (e.g. S&L's, Small business firms, students, farmers, farm cooperatives, and exporters). 0102invpol 16 October 15,2001 i FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC): A Federal agency that insures bank deposits, currently up to $100,000 per deposit. FEDERAL FUNDS RATE: The rate of interest at which Fed funds are traded. This rate is currently pegged by the Federal Reserve though open-market operations. FEDERAL HOME LOAN BANKS (FHLB): The institutions that regulate and lend to savings and loan associations. The Federal Home Loan Banks play a role analogous to that played by the Federal Reserve Banks vis-a-vis member commercial banks. FEDERAL HOME LOAN MORTGAGE CORPORATION: Created to promote the development of a nationwide secondary market in mortgages. It does this by purchasing residential mortgages from financial institutions insured by an agency of the federal government and selling its interest in them through mortgage backed securities. The interest and principal payments from the mortgages pass through to the investors either monthly, semiannually or annually. FEDERAL INTERMEDIATE CREDIT BANK (FICB): Loans to lending institutions used to finance the short term and intermediate needs of farmers, such as seasonal production. FEDERAL LAND BANK (FLB): Long term mortgage credit provided to farmers by Federal Land Banks. These bonds are issued at irregular times for various maturities ranging from a few months to ten years. FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA): FNMA, like GNMA was chartered under the Federal National Mortgage Association Act in 1938. FNMA is a Federal corporation working under the auspices of the Department of Housing 0102invpol 17 October 15,2001 and Urban Development (HUD). It is the largest single provider of residential mortgage funds in the United States. Fannie Mae, as the corporation is called, is a private stockholder-owned corporation. The corporation's purchases include a variety of adjustable mortgages and second loans, in addition to fixed-rate mortgages. FNMA's securities are highly liquid and are widely accepted. FNMA assumes and guarantees that all security holders will receive timely payment of principal and interest. FEDERAL OPEN MARKET COMMITTEE (FOMC): Consists of seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank Presidents. The President of the New York Federal Reserve Bank is a permanent member, while the other presidents serve on a rotating basis. The committee periodically meets to set Federal Reserve guidelines regarding purchases and sales of Government Securities in the open market as a means of influencing the volume of bank credit and money. FEDERAL RESERVE SYSTEM: The central bank of the United States created by congress and consisting of a seven-member Board of Governors in Washington ,D.C.; 12 regional banks and about 5700 commercial banks are member of the system. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA OR GINNIE MAE): Securities influencing the volume of bank credit guaranteed by GNMA and issued by mortgage bankers, commercial banks, savings and loan association's and other institutions. Security holder is protected by full faith and credit of the US Government. Ginnie Mae securities are backed by the FHA, VA or FMHM mortgages. The term "pass-throughs"is often used to describe Ginnie Maes. LIQUIDITY: A liquid asset is one that can be converted easily and rapidly into cash without a substantial loss of value. In the money market, a security is said to be liquid if the spread between bid and asked prices is narrow and reasonable size can be done at those quotes. 0102invpol 18 October 15,2001 LOCAL GOVERNMENT INVESTMENT (LGIP): the aggregate of all funds from political subdivisions that are placed in the custody of the State Treasurer for investment and reinvestment. MARKET VALUE: The price at which a security is trading and could presumable be purchased or sold. MARKET REPURCHASE AGREEMENT: A written contract covering all future transactions between the parties to repurchase-reverse agreements that establish each parry's rights in the transactions. A master agreement will often specify, among other things, the right of the buyer-lender to liquidate the underlying securities in the event of default by the seller-borrower. MATURITY: The date upon which the principal or stated value of an investment becomes due and payable. NEGOTIABLE CERTIFICATES OF DEPOSIT: Unsecured obligations of the financial institution, bank or savings and loan, bought at par value with the promise to pay face value plus accrued interest at maturity. They are high-grade negotiable instruments, paying a higher interest rate than regular certificates of deposit. OFFER: The price asked by a seller of securities. (When you are buying securities, you ask for an offer.) See"Asked" and"Bid". OPEN MARKET OPERATIONS: Purchases and sales of government and certain other securities in the open market by the New York Federal Reserve Bank as directed by the FOMC in order to influence the volume of money and credit in the economy. Purchases inject reserves into the bank system and stimulate growth of money and credit: Sales have the opposite effect. Open market operations are the Federal Reserve's most important and most flexible monetary policy tool. 0102invpol 19 October 15,2001 PORTFOLIO: Collection of securities held by an investor. PRIMARY DEALER: A group of government securities dealers who submit daily reports of market activity and positions and monthly financial statements to the federal Reserve Bank of New York and are subject to its informal oversight. Primary dealers include Securities and Exchange Commission (SEC)-registered securities broker/dealers, banks and a few unregulated firms. PRUDENT PERSON RULE: An investment standard. In some states, the law requires that a fiduciary, such as a trustee, may invest money only in a list of securities selected by the custody state—the so-called "legal list". In other states, the trustee may invest in a security if it is one which would be bought by a prudent_person of discretion and intelligence who is seeking a reasonable income and preservation of capital. RATE OF RETURN: The yield obtainable on a security based on its purchase price or its current market price. This may be the amortized yield to maturity; on a bond, the current income return. REPURCHASE AGREEMENT (RP OR REPO): A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed date. The security "buyer" in effect lends the "seller" money for the period of the agreement, and the terms of the agreement are structured to compensate him for this. Dealers use RP extensively to finance their position. Exception: When the Fed is said to be doing RP, it is lending money,that is, increasing bank reserves. SAFEKEEPING: A service to customers rendered by banks for a fee whereby securities and valuables of all types and descriptions are held in the bank's vaults for protection. 0102invpol 20 October 15,2001 STUDENT,LOAN ASSOCIATION NOTES (SALLIE MAE): A US Corporation and instrumentality of the US Government. Through its borrowings, funds are targeted for loans to students in higher education institutions. SLMA's securities are highly liquid and are widely accepted. SMALL BUSINESS ADMINISTRATION (SBA): The portion of these securities which are guaranteed by Federal government to provide financial assistance through direct loans and loan guarantees to small businesses. Cash flows from these instruments may not be in equal installments because of prepayments. SECONDARY MARKET: A market made for the purchase and sale of outstanding issues following the initial distribution. SECURITIES & EXCHANGE COMMISSION: Agency created by Congress to protect investors in securities transactions by administering securities legislation. SEC RULE 15C3-1: See"Uniform Net Capital Rule". TENNESSEE VALLEY AUTHORITIES (TVA): A US Corporation created in the 1930's to electrify the Tennessee Valley area; currently a major utility headquartered in Knoxville,Tennessee. TVA's securities are highly liquid and are widely accepted. TREASURY BILLS: A non-interest bearing discount security issued by the US Treasury to finance the national debt. Most bills are issued to mature in three months, six months, or one year. TREASURY BOND: Long-term US Treasury securities having initial maturities of more than 10 years. 0102invpol 21 October 15,2001 TREASURY NOTES: Intermediate-term coupon bearing US Treasury having initial maturities of from one year to ten years. UNIFORM NET CAPITAL RULE: Securities and Exchange Commission requirement that member firms as well as nonmember broker/dealers in securities maintain a maximum ratio of indebtedness to liquid capital of 15 to 1; also called net capital rule and net capital ratio. Indebtedness covers all money owed to a firm, including margin loans and commitments to purchase securities, one reason new public issues are spread among members of underwriting syndicates. Liquid capital includes cash and assets easily converted into cash. YIELD: The rate of annual income return on an investment, expressed as a percentage. (a) Income Yield is obtained by dividing the current dollar income by the current market price for the security. (b)Net Yield or Yield to Maturity is the current income yield minus any premium above par or plus any discount from par in purchase price, with the adjustment spread over the period from the date of purchase to the date of maturity of the bond. 0102invpol 22 October 15,2001 Council/Agency Meeting Held�31o3 Deferred/Continued to: � Approved ❑ Conditionally Approved ❑ Denied City Clerk's Sign re Council Meeting Date: February 3, 2003 Department ID Number: CT 03-08 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION .� SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS w' -z,-:; ; -� SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer PREPARED BY: SHARI L. FREIDENRICH, City Treasur SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S DECEMBER 2002 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 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the. report by motion of Council, accept the Monthly Investment Report for December 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's . . - Number No. Description 1. Monthly Investment Report and Summary of Investments for December 2002. 2 Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information Monthly Investment Report and Summary of Investments for December 2002 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for December, 2002 City Investment Portfolio: November December Inc./(Dec.) End of month City Portfolio Balance $95,187,022 $104,822,152 $9,635,130 Earned Interest Yield Average 3.77% 3.53% -0.24% Average Maturity( in days) 508 527 19 End of Month Market Value $96,442,019 $106,190,747 $9,748,728 End of month bank cash balance $6,335,354 $7,531,372 $1,196,018 Bond Proceeds Investments: November December Inc./(Dec.) End of Month Bond Reserve Par Value $35,802,165 $34,540,677 ($1,261,488) End of Month Bond Reserve Market Value $35,960,241 $34,757,592 ($1,202,649) Deferred Compensation Investments:* 9/30/2002 12/31/2002 Inc./(Dec.) Participant Balances $50,824,035 $52,887,494 $2,063,459 Comparison to Budget/ City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $300,000 $303,146 $3,146 Interest Earned Year to Date $900,000 $913,550 $13,550 Earned Interest Yield Year to Date 4.00% 3.73% -0.27% *Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. December % of Total Policy Limit to Mat. Rate Federal Agency Issues -Coupon $49,020,315 47% None 1027 4.53% Local Agency Inv. Fund (LAIF) $34,354,977 33% $40 million 1 2.20% U.S. Treasury Notes -Coupon $2,000,169 2% None 203 5.27% Medium Term Notes $6,466,272 6% 20% 609 6.55% Disc. Commercial Paper $10,982,348 10% 25% 44 1.34% Disc. Federal Agy Issues $1,998,071 2% None 28 1.26% $104,822,152 100% o _ City of Huntington Beach City of HB 2000 Main St Huntington Beach,CA,92648 Portfolio Management - Portfolio Summary December 31, 2002 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 48,960,000.00 49,912,878.80 49,020,315.08 46.77 1,450 1,027 4.471 4.533 Local Agency Investment Funds 34,354,977.15 34.364.977.15 34.354.977.15 32.77 1 1 2.171 2.201 Treasury Securities-Coupon 2,000,000.00 2,045,630.00 2,000,168,99 1.91 1,572 203 5.196 5.268 Medium Term Notes 6,481,000.00 6,896,260.91 6.466,271,74 6.17 1,509 609 6.464 6.554 Commercial Paper Disc.-Amortizing 11,000,000.00 10,982,800.00 10,982,348,06 10.48 69 44 1.321 1.339 Federal Agency Disc.-Amortizing 2,000,000.00 1,998,200.00 1,998,071.11 1.91 70 28 1.243 1.260 Investments 104,795,977.15 106,190,746.86 104,822,152.13 100.00% 810 527 3.462 3.510 Cash and Accrued Interest Accrued Interest at Purchase 36.329.69 36,329.69 Subtotal 36,329.69 36,329.69 Total Cash and Investments 104,795,977.15 106,227,076.55 104,858,481.82 810 527 3.462 3.510 Total Earnings December 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 303,145.58 913,549.84 Current Budget 300,000.00 900,000.00 3,600,000.00 Last Year Actual 419,283.28 1,320,901.34 4,812,507.05 Average Daily Balance 101,252,496.49 97,219,171.86 Effective Rate of Return 3.53% 3.73% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 16,2002. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values pr Wed by Union Bank via Merrill Lynch and J.J.Kenney pricing services. /- 22-t73 S L. REID ICH,CITY TREASURER Portfolio CITY AP Run Date:01/10/2003-17:35 PM(PRF_PM1)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments December 31, 2002 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 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 1,000.630.00 1,000,000.00 6.215 AAA 6.215 6 01/07/2003 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,026,880.00 998,417.44 5.125 AAA 5.380 257 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,028.750.00 1,000,460.49 5.630 AAA 5.546 244 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,127,442.55 1,105.649.68 5.690 AAA 5.540 169 06/19/2003 3133MAWZB 2942 Federal Home Loan Bank 03/07/2000 1,000,000.00 1,011,560.00 1,000,000.00 7.440 AAA 7.440 796 03/07/2005 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,086.880.00 2,000,000.00 6.330 AAA 6.330 1,076 12/12/2005 3133MCROO 2988 Federal Home Loan Bank 01/17/2001 1,000,000.00 1,001.560.00 1,000.000.00 6.030 AAA 6.030 1,112 01/17/2006 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,027,500.00 1,000,000.00 5.250 AAA 5.250 1,357 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,028,270.00 1,000,000.00 5.000 AAA 5.000 999 09/26/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000.000.00 1,024,380.00 1,000,000.00 4.540 AAA 4.540 1,062 11/28/2005 3133MUJ22 3118 Federal Home Loan Bank 12/30/2002 2,000,000.00 2,002,500.00 2.000,000.00 3.260 AAA 3.260 1,276 06/30/2006 3133MRY1 3120 Federal Home Loan Bank 12/20/2002 1.355,000.00 1,380,406.25 1.373,846.89 4.250 AAA 3.920 1,708 09/05/2007 3133MUM77 3121 Federal Home Loan Bank 12/30/2002 1,000,000.00 1,004,060.00 1,000,000.00 2.740 AAA 2.741 1,003 09/30/2005 3133MLKU8 3128 Federal Home Loan Bank 12/26/2002 2,000,000.00 2.008,120.00 2,008,066.12 4.120 AAA 3.896 695 11/26/2004 312923WL5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000,000.00 1.011,080.00 1,000,000.00 5.530 AAA 5.530 1,209 04/24/2006 312925AT7 3069 Federal Home Loan Mort Corp 03/19/2002 1,000,000.00 1,007,190.00 986,831.10 5.000 AAA 5.361 1,532 03/13/2007 312925NCO 3077 Federal Home Loan Mort Corp 06/04/2002 1,000,000.00 1,009,210.00 1,000,000.00 3.700 AAA 3.700 520 06/04/2004 312925/A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,081,260.00 1,997,007.91 4.500 AAA 4.537 1,664 07/23/2007 312925LF5 3105 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,025,820.00 2,031.661.72 5.000 AAA 4.591 1,589 05/09/2007 3129256U9 3106 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2.014,380.00 1,998,859.95 2.875 AAA 2.897 999 09/26/2005 3128XOKX6 3114 Federal Home Loan Mort Corp 11/21/2002 1.000,000.00 1,000,520.00 1,000,000.00 1.875 AAA 1.875 506 05/21/2004 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1.000,000.00 1,053,060.00 1,000,000.00 5.910 AAA 5.909 443 03/19/2004 31364GQ93 2905 Fed.Natl Mort Assoc. 06/11/1999 1,000.000.00 1,059,670.00 995.985.36 6.000 AAA 6.343 502 05/17/2004 31364KRW2 2961 Fed.Nall Mort.Assoc. 07/24/2000 1,000.000.00 1,033,750.00 1,000,000.00 7.300 AAA 7.300 936 07/25/2005 31364K5LO 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000.000.00 1,045,940.00 1,000,000.00 5.550 AAA 5.550 1.170 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,042.190.00 1.000,000.00 5.300 AAA 5.300 1,183 03/29/2006 3136FOEW8 3009 Fed.Nat'l Mort.Assoc. 04/23/2001 1,000,000.00 1,010,940.00 999,793.41 5.510 AAA 5.517 1,202 04/17/2006 3136FOJPB 3011 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,014,690.00 1.000,000.00 5.625 AAA 5.625 1,230 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1,014,380.00 996.613.71 5.550 AAA 5.666 1,231 05/16/2006 3136FIKV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,068,440.00 1,000.000.00 5.010 AAA 5.010 1,505 02M4/2007 3136F1JX9 3065 Fed.Nat'l Mort.Assoc. 02/15/2002 1,000,000.00 1.003,440.00 996,462.96 4.100 AAA 4.279 776 02/15/2005 3136FIMRB 3066 Fed.Nall Mort.Assoc. 02/25/2002 1,000,000.00 1,017,500.00 1,000,000.00 4.350 AAA 4.350 967 08/25/2005 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,081,560.00 1,000.000.00 5.350 AAA 5.350 1,562 04/12/2007 31359MMWO 3093 Fed.Nat'l Mort.Assoc. 07/15/2002 1,000,000.00 1,008,440.00 1,010,042.33 3.750 AAA 2.987 497 05/12/2004 3136F1A34 3097 Fed.Nat'l Mort.Assoc. 07/18/2002 1,000,000.00 1,009,380.00 1,011,907.43 4.125 AAA 3.443 671 11/02/2004 31359MPY3 3109 Fed.Nat'l Mort.Assoc. 11/27/2002 2,000,000.00 2,008,760.00 2,000,000.00 3.000 AAA 3.000 1,062 11/28/2005 Portfolio CITY AP Run Date:01/10/2003-17:35 PM(PRF PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments December 31, 2002 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 3136172TT5 3115 Fed.NaVI Mort.Assoc. 11/27/2002 1,000,000.00 1,003,440.00 1.000.000.00 2.500 AAA 2.500 877 OS/27/2005 3136F2A81 3119 Fed.Nall Mort Assoc. 12/30/2002 2.000,000.00 2,007,500.00 2.000,000.00 2.500 AAA 2.500 911 06/30/2005 3136F2A99 3124 Fed.Nat9 Mort.Assoc. 12130/2002 1,000,000.00 1,011,560.00 1,000,000.00 3.000 AAA 3.000 1,276 06/30/2006 3136F2KV9 3125 Fed.Nat9 Mort.Assoc. 12/20/2002 1,500,000.00 1,509,840.00 1.508,708.58 4.000 AAA 3.864 1,737 10/04/2007 Subtotal and Average 44,601,351.84 48,960,000.00 49,912,878.80 49,020,315.08 4.533 1,027 Local Agency Investment Funds SYS982 982 Laif city 19,856,816.50 19,856,816.50 19.856,816.50 2.201 NR 2.201 1 SYS2206 2206 LAIF-Redevelopment Agency 14.498,160.65 14.498,160.65 14,498,160.65 2.201 NR 2.201 1 Subtotal and Average 36,943,686.83 34,354,977.15 34,354,977.15 34,354,977.15 2.201 1 Treasury Securities-Coupon 9128274K5 2875 United States Treasury Note 02/22/1999 1,000,000.00 1,020,630.00 1,001,168.19 5.375 AAA 5.106 180 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1.000,000.00 1,025,000.00 999,000.80 5.250 AAA 5.431 226 08/15/2003 Subtotal and Average 2,000,200.03 . 2,000,000.00 2,045,630.00 2,000,168.99 6.268 203 Medium Term Notes 06651PAA1 2872 Bank United 02/17/1999 1,000,000.00 1.037,330.00 997,189.62 5.400 Aaa 5.700 397 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 528,190.91 474,543.46 6.250 Aa3 6.800 1,065 12/01/2005 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000.000.00 1.026,210.00 998,229.01 6.267 Aaa 6.620 203 07/23/2003 36962GUJI 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1.043,100.00 1.001,493.16 6.810 Aaa 6.610 306 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,106,400.00 998,978.22 7.500 Aa3 7.559 772 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,085.580.00 998,703.68 5.750 Aa2 5.795 1,225 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,069.450.00 997,134.59 6.700 At 6.920 537 06/21/2004 Subtotal and Average 6,465,921.18 6,481,000.00 6,896,260.91 6,466,271.74 6.554 609 Commercial Paper Disc.-Amortizing 36959JNA7 3112 General Electric Capital Corp 11/20/2002 2,000,000.00 1,999,400.00 1.999.340.00 1.320 Aaa 1.341 9 01/10/2003 36959JP72 3116 General Electric Capital Corp 12I10/2002 2,000,000.00 1,997,380.00 1,997,244.44 1.341 Aaa 1.362 37 02/07/2003 36959JQM8 3117 General Electric Capital Corp 12/10/2002 1,000,000.00 997.160.00 997,081.39 1.330 Aaa 1.354 79 03/21/2003 61745BQH3 3123 Morgan Stanley Dean Witter 12/20/2002 2,000,000.00 1,994.620.00 1,994,500.00 1.320 Aa3 1.343 75 03/17/2003 71708FNP3 3111 Pfizer,Inc. 11/20/2002 2.000,000.00 1,998,420.00 1.998.435.56 1.280 Al+ 1.301 22 01/23/2003 7954W1PU1 3126 Smith Barney Inc. 12/20/2002 2,000,000.00 1,995.820.00 1.995.746.67 1.320 1.342 58 02/28/2003 Subtotal and Average 8,534,784.55 11,000,000.00 10,982,800.00 10,982,348.06 1.339 44 Portfolio CITY AP Run Date:01/102003-17:35 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details -Investments December 31, 2002 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Disc.-Amortizing 313588SE4 3113 Fed.NaPi Mort.Assoc. 11/20/2002 2,000,000.00 1,998,200.00 1,998,071.11 1.240 AAA 1.260 28 01/29/2003 Subtotal and Average 1,997,037.78 2,000,000.00 1,998,200.00 1,998,071.11 1.260 28 Treasury Discounts-Amortizing Subtotal and Average 709,514.29 Total and Average 101,252,496.49 104,795,977.15 106,190,746.86 104,822,152.13 3.510 527 Portfolio CITY AP Run Dale:01/102003-17:35 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 5 Portfolio Details -Cash December 31, 2002 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 36.329.69 36.329.69 0 Subtotal 36.329.69 36,329.69 Total Cash and Investmentss 101,252,496.49 104,795,977.15 106,227,076.55 104,858,481.82 3.510 527 Portfolio CITY AP Run Date:01/10/2003-17:35 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 6 Activity By Type December 1, 2002 through December 31, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331LWC8 3053 Federal Farm Credit Bank 3.490 12/17/2002 0.00 1,000,000.00 3133M2SM0 2820 Federal Home Loan Bank 6.200 12/30/2002 0.00 1,000,000.00 3133MKND5 3054 Federal Home Loan Bank 4.610 12/27/2002 0.00 1,000,000.00 3133MRGS5 3100 Federal Home Loan Bank 3.000 12/20/2002 0.00 1,000,000.00 3133MTTS7 3110 Federal Home Loan Bank 2.920 12/27/2002 0.00 1,998,777.76 3133MUJ22 3118 Federal Home Loan Bank 3.260 12/30/2002 2,000,000.00 0.00 3133MRYI 3120 Federal Home Loan Bank 4.250 12/20/2002 1,373,970.00 0.00 3133MUM77 3121 Federal Home Loan Bank 2.740 12/30/2002 1,000,000.00 0.00 3133MLKU8 3128 Federal Home Loan Bank 4.120 12/26/2002 2,008,125.00 0.D0 3136F2A81 3119 Fed.Nat'l Mort.Assoc. 2.500 12/30/2002 2,000,000.00 0.00 3136F2A99 3124 Fed.Nat'l Mort.Assoc. 3.000 12/30/2002 1,000,000.00 0.00 3136F2KV9 3125 Fed.Nall Mort.Assoc. 4.000 12/20/2002 1,508,764.50 0.00 Subtotal 10,890,859.50 5,998,777.76 49,020,315.08 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 2.201 1,250,000.00 0.00 SYS2206 2206 LAIF-Redevelopment Agency 2.201 12,250,000.00 11,750,000.00 Subtotal 13,500,000.00 11,750,000.00 34,354,977.15 Treasury Securities-Coupon Subtotal 2,000,168.99 Medium Tenn Notes Subtotal 6,466,271.74 Commercial Paper Disc.-Amortizing 36959JMD2 3107 General Electric Capital Corp 1.740 12/13/2002 0.00 1,000,000,00 36959JMG5 3108 General Electric Capital Corp 1.740 12/16/2002 0.00 1.000.000.00 36959JP72 3116 General Electric Capital Corp 1.341 12/10/2002 1,995,606.00 0.00 36959JQM8 3117 General Electric Capital Corp 1.330 12/10/2002 996.268.61 0.00 61745BQH3 3123 Morgan Stanley Dean Witter 1.320 12/20/2002 1,993,620.00 0.00 7954W1PU1 3126 Smith Barney Inc. 1.320 12/20/2002 1,994,866.67 0.00 Subtotal 6,980,361.28 2,000,000.00 10,982,348.06 Federal Agency Disc.-Amortizing Portfolio CITY AP Run Date:01/102003-17:35 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Activity BY Type e Page 7 December 1, 2002 through December 31, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Subtotal 1,998,071.11 Treasury Discounts-Amortizing 912795LP4 3103 US Treasury Bill 1.655 12/12/2002 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 0.00 Total 31,371,220.78 21,748,777.76 104,822,152.13 Portfolio CITY AP Run Date:01/102003-17:35 PM(PRF_PM3)SymRepl V6.21 City of HB Portfolio Management Page 8 Activity Summary December 2001 through December 2002 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 2001 70 109,005,141.93 4.503 4.565 3.261 7 5 825 493 January 2002 68 110,328,920.19 4.404 4.466 3.068 4 6 809 468 February 2002 69 108,193,466.33 4.503 4.566 2.967 4 3 874 504 March 2002 70 108,022,090.63 4.462 4.524 2.861 3 2 876 494 April 2002 70 108,878,225.21 4.496 4.558 2.845 2 2 907 513 May 2002 74 110,728,005.96 4.232 4.290 2.740 9 5 . 838 468 June 2002 73 111,911,861.38 4.098 4.155 2.687 5 6 832 472 July 2002 69 108,270,068.04 4.070 4.126 2.714 10 14 861 506 August 2002 66 101,881,721.88 4.001 4.057 2.594 4 7 858 508 September 2002 62 99,320,920.60 3.902 3.956 2.604 7 11 843 519 October 2002 55 96,564,576.04 3.871 3.924 2.604 1 7 820 497 November 2002 55 93,727.818.76 3.644 3.695 2.301 7 7 830 508 December 2002 58 101,252,496.49 3.462 3.510 2.201 11 8 810 527 Average 66 105,232,892.66 4.127% 4.1840/6 2.727 6 6 845 498 " Portfolio CITY AP Run Date:01/10/2003-17:35 PM(PRF_PM4)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type December 2001 through December 2002 December January February March April May June July August September October November December Average Security Type 2001 2002 2002 2002 2002 2002 2002 2002 2002 2002 2002 2002 2002 by Period Repurchase Agreements . ..-. - ........_ .......... _... ... .. _... .--.................. - _._........ .._.............._.... ....--... ....... ........_........ ----- Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 41.7 40.5 44.6 44.7 46.4 42.4 42.5 46.0 47.9 47.2 46.3 46.4 46.8 44.9% - ..._ . ....._.. . . ....__...... -- . ...._._ _...... ...__. ._.-.._.._ _........ ._..-... .- ..._ .-._ ._.. __._.... Local Agency Investment Funds 31.7 35.8 34.6 34.7 34.9 29.8 28.4 26.5 28.6 33.4 38.6 34.3 32.8 32.6% Treasury Securities-Coupon 3.6 3.6 3.7 3.7 3.6 3.5 3.7 2.9 2.0 2.0 2.1 2.1 1.9 3.0% -.._.. -_ .__._.._ .... .--. .-.._...... - ---. --. _._... -- . ......._ _....... ......._ _......_..__. ._...._.. Medium Tenn Notes 11.3 11.2 11.6 11.4 11.3 11.0 8.7 8.3 8.6 7.5 6.8 6.8 6.2 9.3% .._..... - _-........ . ._....._ _ ......... ... _... _.......... -- Negotiable CD's Certificates of Deposit-Bank .......... ..._ ....-- _..... ..... ... .._... _.__.._ ............... _ __._..... - ..._..__..... Mortgage Backed Securities _.... _ .... - ..__.. ---- -.......-- . --........ --------- -...._...... - --- Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 9.9 7.2 3.7 1.8 5.3 8.3 4.9 3.1 2.0 2.1 6.3 10.5 5.0% __._.. ....... ...._. .._._-._._ -- -- -- .... _ ....... . Federal Agency Disc._Amortizing 1.8 1.8 1.8 3.8 3.8 6.2 6.5 11.4 9.8 5.0 2.1 2.1 1.9 4.5/0 _... _ . _._ -._.. _..... . ---- ...............--.._.__ - ---- ---_._...- ....-- --.............-- - ---... -... -- - Treasury Discounts Amortizing 1.8 1.9 3.0 2.1 2.1 0.8/o Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:01/102003-17.35 PM(PRF_PM5)SyrnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 12/31/2002 :e,' ,�M��"�c..--.i"�} ��.�.•�� "x�"�.A:�.�a-.{'._�";•F`s5ta °�Y���k,d . �`?r�Tt1�'�[�A � ?'�� -'�£; "-.�,) - � �- ,by ��''4��-.��r u;��= �,,,�FbDescnption; 'u������#Accruect�Ihterest�Purch� E�Amorttzed�Cost�,� � ��.Fair'�1/alt�e�.. �Accrued�lnter;,est United States Treasury: Bills $ 497,500,319.42 $ 497,700,486.09 $ 497,730,000.00 NA Notes $ 6,902,063,171.61 $ 6,901,186,272.42 $ 7,012,796,000.00 $ 71,656,690.00 Federal Agency: SBA $ 347,306,848.95 $ 347,258,024.02 $ 345,362,318.48 $ 1,285,469.76 MBS $ 588,188,334.18 $ 588,188,334.18 $ 593,644,905.04 $ 3,020,309.94 Bonds $ 3,561,067,569.60 $ 3,560,825,902.93 $ 3,629,503,889.75 $ 41,733,949.97 Floaters $ - $ - $ - $ - Discount Notes $ 9,103,478,914.50 $ 9,129,520,217.74 $ 9,135,684,764.10 NA FHLMC PC $ 6,020,055.14 $ 6,020,055.14 $ 6,605,303.48 $ 96,772.85 GNMA $ 691,943.64 $ 691,943.64 $ 812,009.53 $ 6,869.31 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 599,984,777.40 $ 599,984,777.40 $ 600,061,548.00 $ 982,083.32 CDs $ 8,025,557,644.15 $ 8,025,146,435.81 $ 8,027,732,301.60 $ 17,167,109.06 Commercial Paper $ 12,896,421,642.41 $ 12,922,030,368.56 $ 12,927,165,793.35 NA Corporate: Floaters $ 395,814,897.85 $ 395,814,897.85 $ 390,969,250.34 $ 819,479.03 Bonds $ 1,976,048,907.09 $ 1,975,250,145.14 $ 2,008,258,715.45 $ 28,730,196.91 Repurchase Agreements $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 5,284,195,000.00 $ 5,284,195,000.00 $ 5,284,195,000.00 NA AB 55&GF Loans $ 6,027,362,626.64 $ 6,027,362,626.64 $ 6,027,362,626.64 NA TOTAL $ 56,211,702,652.58 $ 56,261,175,487.56 $ 56,487,884,425.76 1 $ 165,498,930.15 Fair Value Including Accrued Interest $ 56,653,383,355.91 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(1.004029581). 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$20,080,591.61 or$20,000,000.00 x 1.004029581. Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of December 31,2002 Summary of investments by type Market Value Market Value Par Value Investment Type as of 11/30/02 as of 12/31/02 3,521,118 Local Agency Investment Fund(LAIF) 3,521,118 3,521,118 21,945,610 Investment Agreements 22,658,232 21,945,610 1,943,728 Federal Government Agency 2,104,431 2,160,643 6,778,977 Money Market Funds 7,325,216 6,778,977 351,244 US Treasury Securities 351,244 351,244 34,540,677 35,960,241 34,757,592 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 11/30/02 as of 12/31/02 1,696,060 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(1992) 1,696,036 1,696,060 4,173,175 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) 4,172,315 4,173,175 18,973,107 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 19,846,339 19,190,021 2,701,833 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) 2,701,758 2,701,833 2,433,298 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 2,436,164 2,433,298 2,473,443 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility,Energy Retrofit) 2,512,988 2,473,443 815,146 Redevelopment Agency of Huntington Beach-1999 Tax Allocation Refunding Bonds (1992) 814,771 815,146 883,931 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 1,412,631 883,931 184,814 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 181,101 184,814 5,711 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 5,706 5,711 113,786 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 113,681 113,786 86,374 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 66,752 86,374 34,540,677 35,960,241 34,757,592 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2002 Beginning Distributions/ Balance Contributions/ Transfers/ Earnings Ending Balance (09-30-02) Transfers Payments (change in value) Other (12-31-02) ICMA Retirement Corporation (457 Plan) $13,507,672 $347,418 ($215,230) $494,324 ($52,561) 14,081,623 ICMA Retirement Corporation (401 Plan) $121,762 $68,758 $0 .$5,054 $0 195,574 Nationwide Retirement Solutions $36,768,830 $924,978 ($447,172) $1,026,957 $0 38,273,593 Trust Deeds $425,771 $0 ($89,067) $0 $0 336,704 Total 457 &401 Plan Balances $50,824,035 $1,341,154 ($751,470) $1,526,335 ($52,561) 52,887,494 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: December 2002 Investment Summary Report COUNCIL MEETING DATE: February 3, 2003 -RCA ATTA"CHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney Not Applicable Certificates of Insurance Approved by the City Attorney) Not Applicable Financial Impact Statement Unbudget, over$5,000) Not Applicable Bonds If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (if applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLJ. ANATION FOR MISSING ATTACHMENTS: REVIEWED :' RETURNED FORWARDED.` Administrative Staff Assistant Cit Administrator Initial City Administrator Initial City Clerk EXPLAN°ATION FOR RETURN ,OF ITEM Only)(Below Space For City Clerk's Use i RCA Author: City of Huntington Beach • ? F Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation I 'r�t� ` "' ACE{. C A Activity for December, 2002 2003 FEB -3 P I= Q 55 City Investment Portfolio: November December Inc./(Dec.) End of month City Portfolio Balance $95,187,022 $104,822,152 $9,635,130 End of month General Fund Balance $4,531,090 $2,300,819 ($2,230,271) Earned Interest Yield Average 3.77% 3.53% -0.24% Average Maturity( in days) 508 527 19 End of Month Market Value $96,442,019 $106,190,747 $9,748,728 End of month bank cash balance $6,335,354 $7,531,372 $1,196,018 Bond Proceeds Investments: November December Inc./(Dec.) End of Month Bond Reserve Par Value $35,802,165 $34,540;677 ($1,261,488) End of Month Bond Reserve Market Value $35,960,241 $34,757,592 ($1,202,649) Deferred Compensation Investments:* 9/30/2002 12/31/2002 Inc./(Dec.) Participant Balances $50,824,035 $52,887,494 $2,063,459 Comparison to Budget/City Portfolio: Budget Actual . Inc./(Dec.) Interest Earned for Month $300,000 $303,146 $3,146 Interest Earned Year to Date $900,000 $913,550 $13,550 Earned Interest Yield Year to Date 4.00% 3.73% -0.27% *Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. December % of Total Policy Limit _ to Mat. Rate Federal Agency Issues- Coupon $49,020,315 47% None 1027 4.53% Local Agency Inv. Fund (LAIF) $34,354,977 33% $40 million 1 2.20% U.S. Treasury Notes-Coupon $2,000,169 2% None 203 5.27% Medium Term Notes $6,466,272 6% 20% 609 6.55% Disc. Commercial Paper $10,982,348 10% 25% 44 1.34% Disc. Federal Agy Issues $1,998,071 2% None 28 1.26% $104,822,152 100% i � W� Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA TREASURER' S REPORT . . c C CD Shari L . Freidenrich , CPA, CCMT , CMFA February 3, 2003 Slide 1 c v� Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Bala' - nce Trends Portfolio Balances b Type $86M $102M $117M 110 $108M $104M a r, 100 /o US Treas 9 80% M Med Notes EM LAI F 60% " 0 Fed Ag: . . E El cP 40% F E_ t BA 20% 0 Rep.0 r. Slide 2 Dec-98 Dec-99 Dec-00 Dec-01 Jun-02 Dec-02H„ _ . . Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Percentages By Type of Investment Federal Agency Coupon 47 /0 = At, jT Commer Paper 10 /o 5 .. 2-8 t �' £a LAI F <: 33% Federal Age y Discount Slide 3 2% T Securitie 2% 6% Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Liquidity Investment Maturities by Days, Ending December 2001 /2002 1 Day 0 33% 40 /0 32% 0 2-180 Days o 0 .5 - 1 Yr. 30 /o 0 17% 14% 15 /0 FA - 1 .5 Yr. 20% 12% 0 8% ° n 11% 1 .5 - 2 Yr. 7 /o 5 /o 0 2 - 3 Yr. 10% _. iUa?3 _ 3 - 4 Yr. 0% f= 4914 - 5 Yr. 5% 11% 11 % 7% 3% 9% Slide 4 2001 2002 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $830003000 $530003000 $230003000Liar .. ($130003000) ($430003000) ($1 ,389,943) $3 568 299 ($138573166) ($730003000) ($335063478) ($435853390) ($43175,796) ($1030003000) ($133 000,000) Jan-03 Feb-03 Mar-03 Apr-03 May-03 Jun-03 Net Cash Flo ® M turin Investment►s ® General) Fund Net Cash Flow Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Investment Yields Trends I D D�Mild Ben1hmark L/�1F 8.00% 7.00% 4.82% 4.66% 4.57% 6.00% 0 3.73% 5.00 /0 3.34°/ 3.17°/ 2.96% 2.420% 4.00% 3.00% 2.00% 1 .00°o - t 0.00% x .. Dec-01 Mar-02 Jun-02 Dec-02 Slide 6 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Summaryof Investment by CityFund December 31 , 2002 $47 757 :v $2 940 r a e '- ar 0 � tSer�ice $15,717 49040 X€ E $16,530 ,6 10 S �c�a1 a venue Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CMFA Summary • Recommendation to City Council Slide 8 Treasurer's.Report-Shari L. Freidenrich, CPA, CCMT,,CMFA TREASURER'S, REPORT Sh,aril L,., Freideniri."Chi,, GPIA,,, CCMT,, CMFA February 3, 2003 � �w i I V j Treasurer's.Report-Shari L. Freidenrich, CPA, CCMT, CMFA Investment Balance Trends Portfolio Balances byy Tyyppe $86M $102M $117M .$11bM $$1n108M $104M f_ II �I of US Treas 80/o I � '' — i- Med Notes LAIF 60% 0 Fed Ag. EICP 40% BA 20% Repur. Dec-98 Dec-99 Dec-00 Dec-01 Jun-02 Dec-02 I 0 ac�a cam •- �- flQ3 mo � r 00 OO r ra ,� -:} - ' � �.�„ -fir-• ��� ik�_- ° 9 E� 'HCA O U 2 nitro 90N imin�4�a Ittds d SOD HOC@ Treasurer's Report-Shari L.Freidenrich, CPA, CCMT, CMFA All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $8,000,000 �07 $5,000,000 $2,000,000 uELI Jan-03 Feb-03 Mar-03 Apr-03 May-03 Jun-03 ■Net Cash Flow OO Maturing Investments General Fund Net Cash Flow Treasurer's Report-Shari L. Freidenrich, CPA, CCMT, CMFA Investment Yields Trends i YTD Yield WBenchmark =�LAIF 8.00% 7.00% .00% 4.82% 4.66% 4.57% 3.73/°° 5.00% 4.00% 3.34% 13.17%, 2.96% 2.420 3.00% 2.00% 1.00% 0.00/o Dec-01 Mar-02 Jun-02 Dec-02 :, ;x,,, I �y 1• (J�IZfU9 l�lul�T,J�I I�JU W U Ul5 bV C lV Fund d i �o� �❑ -C .11r- ❑C '©Q Q94,fI977 m mannaw MOD@ ❑ O Slide 8 Council/Agency Meeting Held: Deferred/Continued to: c(s� Approved El Conditionally Approved ❑ Denied City Clerk's Signa e Council Meeting Date: January 21, 2003 Department ID Number: CT 03-07 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION _ SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS 71 SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer = PREPARED BY: SHARI L. FREIDENRICH;City Treasur , SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S NOVEMBER 2002m 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 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for November 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for November 2002. 2 Schedule of Bond Investments 3. 1 Deferred Compensation Plan Summary Information 63 . Monthly Investment Report and Summary of Investments for November 2002 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for November, 2002 City Investment Portfolio: October November Inc./(Dec.) End of month City Portfolio Balance $95,394,001 $95,187,022 ($206,980) Earned Interest Yield Average 3.90% 3.77% -0.13% Average Maturity ( in days) 497 508 11 End of Month Market Value $96,840,877 $96,442,019 ($398,858) End of month bank cash balance $3,998,522 $6,335,354 $2,336,832 Bond Proceeds Investments: October November Inc./(Dec.) End of Month Bond Reserve Par Value $37,092,860 $35,802,165 ($1,290,695) End of Month Bond Reserve Market Value $37,298,084 $35,960,241 ($1,337,843) Deferred Compensation Investments:* 6/30/2002 9/30/2002 Inc./(Dec.) Participant Balances $53,917,815 $50,824,035 ($3,093,780) Comparison to Budget/ City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $300,000 $290,413 ($9,587) Interest Earned Year to Date $600,000 $610,404 $10,404 Earned Interest Yield Year to Date 4.00% 3.84% -0.16% "Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. November % of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $44,129,372 47% None 983 4.74% Local Agency Inv. Fund (LAIF) $32,604,977 34% $40 million 1 2.30% U.S. Treasury Notes - Coupon $2,000,233 2% None 234 5.27% Medium Term Notes $6,465,522 7% 20% 640 6.55% Disc. Commercial Paper $5,991,993 6% 25% 35 1.47% Disc. Federal Agy Issues $1,995,936 2% None 59 1.26% U.S. Treasury Notes - Discount $1,998,989 2% None 11 1.69% $95,187,022 100% O City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary November 30, 2002 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 44,105,000.00 44,936,851.20 44,129,372.17 46.36 1,482 983 4.673 4.738 Local Agency Investment Funds 32,604,977.15 32,604,977.15 32,604,977.15 34.25 1 1 2.269 2.301 Treasury Securities-Coupon 2,000,000.00 2,050,630.00 2,000,233.13 2.10 1,572 234 5.196 5.268 Medium Term Notes 6,481,000.00 6,862,130.89 6,465,522.27 6.79 1,509 640 6.464 6.554 Commercial Paper Disc.-Amortizing 6,000,000.00 5,992,290.00 5,991,992.78 6.29 65 35 1.451 1.471 Federal Agency Disc.-Amortizing 2,000,000.00 1,996,000.00 1,995,935.56 2.10 70 59 1.243 1.260 Treasury Discounts-Amortizing 2,000,000.00 1,999,140.00 1,998,988.61 2.10 86 11 1.662 1.685 Investments 95,190,977.15 96,442,019.24 95,187,021.67 100.00% 830 508 3.644 3.695 Total Earnings November 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 290,412.52 610,404.26 Current Budget 300,000.00 600,000.00 3,600,000.00 Last Year Actual 430,438.79 901,618.06 4,812,507.05 Average Daily Balance 93,727,818.76 95,169,449.51 Effective Rate of Return 3.77% 3.84% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 16,2002. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. S I L. F ID NR CH,CITY TREASURER Portfolio CITY AP Run Date:01/08/2003-15:23 PM(PRF_PM1)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments November 30, 2002 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 31331LWC8 3053 Federal Farm Credit Bank M7/2001 1,000,000.00 1,000,630.00 1,000,000.00 3.490 AAA 3.490 381 12/17/2003 3133M2SMO 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 1,003,750.00 1,000,000.00 6.200 AAA 6.200 29 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 1,004,690.00 1,000,000.00 6.215 AAA 6.215 37 01/07/2003 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,028,130.00 998,230.53 5.125 AAA 5.380 288 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,030,630.00 1,000,517.81 5.630 AAA 5.546 275 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,130,901.20 1,105,765.69 5.690 AAA 5.540 200 06/19/2003 3133MAWZ8 2942 Federal Home Loan Bank 03/07/2000 1,000,000.00 1,016,560.00 1,000,000.00 7.440 AAA 7.440 827 03/07/2005 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,090,620.00 2,000,000.00 6.330 AAA 6.330 1,107 12/12/2005 3133MCRQO 2988 Federal Home Loan Bank 01/17/2001 1,000,000.00 1,005,000.00 1,000,000.00 6.030 AAA 6.030 1,143 01/17/2006 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,030,000.00 1,000,000.00 5.250 AAA 5.250 1,388 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,031,360.00 1,000,000.00 5.000 AAA 5.000 1,030 09/26/2005 3133MKND5 3054 Federal Home Loan Bank 12/27/2001 1,000,000.00 1,002,190.00 1,000,000.00 4.610 AAA 4.610 939 06/27/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1,025,000.00 1,000,000.00 4.540 AAA 4.540 1,093 11/28/2005 3133MRGS5 3100 Federal Home Loan Bank 09/20/2002 1,000,000.00 1,000,630.00 1,000,000.00 3.000 AAA 3.001 750 12/20/2004 3133MTTS7 3110 Federal Home Loan Bank 11/27/2002 2,000,000.00 1,978,120.00 1,998,753.70 2.920 AAA 2.938 1,366 08/28/2006 312923WL5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000,000.00 1,013,820.00 1,000,000.00 5.530 AAA 5.530 1,240 04/24/2006 312925AT7 3069 Federal Home Loan Mort Corp 03/19/2002 1,000,000.00 1,010,000.00 986,569.82 5.000 AAA 5.361 1,563 03/13/2007 312925NCO 3077 Federal Home Loan Mort Corp 06/04/2002 1,000,000.00 1,009,850.00 1.000,000.00 3.700 AAA 3.700 551 06/04/2004 312925/A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,054,380.00 1,996,953.24 4.500 AAA 4.537 1,695 07/23/2007 312925LF5 3105 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,030,580.00 2,032,267.49 5.000 AAA 4.591 1,620 05/09/2007 3129256U9 3106 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,003,760.00 1,998,825.23 2.875 AAA 2.897 1,030 09/26/2005 3128XOKX6 3114 Federal Home Loan Mort Corp 11/21/2002 1,000,000.00 994,510.00 1,000,000.00 1.875 AAA 1.875 537 05/21/2004 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,050,250.00 1,000,000.00 5.910 AAA 5.909 474 03/19/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,055,220.00 995,742.54 6.000 AAA 6.343 533 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,037,500.00 1,000,000.00 7.300 AAA 7.300 967 07/25/2005 313641<51-0 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,045,000.00 1,000,000.00 5.550 AAA 5.550 1.201 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,040,630.00 1,000,000.00 5.300 AAA 5.300 1,214 03/29/2006 3136FOEW8 3009 Fed.Nat'l Mort.Assoc. 04/23/2001 1,000,000.00 1,013,750.00 999,788.18 5.510 AAA 5.517 1,233 04/17/2006 3136FOJP8 3011 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,017,500.00 1,000,000.00 5.625 AAA 5.625 1,261 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1,017,500.00 996,530.10 5.550 AAA 5.666 1,262 05/16/2006 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,053,440.00 1,000,000.00 5.010 AAA 5.010 1,536 02/14/2007 3136FUX9 3065 Fed.Nat'l Mort.Assoc. 02/15/2002 1,000,000.00 1,005,630.00 996,324.07 4.100 AAA 4.279 807 02/15/2005 3136F1MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,018,440.00 1,000,000.00 4.350 AAA 4.350 998 08/25/2005 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,065,630.00 1,000,000.00 5.350 AAA 5.350 1,593 04/12/2007 31359MMWO 3093 Fed.Nat'l Mort.Assoc. 07/15/2002 1,000,000.00 1,009,060.00 1,010,655.92 3.750 AAA 2.987 528 05/12/2004 3136F1A34 3097 Fed.Nat'l Mort.Assoc. 07/18/2002 1,000,000.00 1,011,250.00 1.012,447.85 4.125 AAA 3.443 702 11/02/2004 Portfolio CITY AP Run Date:01/03/2003-11:32 PM(PRF_PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments November 30, 2002 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 31359MPY3 3109 Fed.Nat'l Mort.Assoc. 11/27/2002 2,000,000.00 2,001,880.00 2,000,000.00 3.000 AAA 3.000 1,093 11/28/2005 3136F2TT5 3115 Fed.Nat'l Mort.Assoc. 11/27/2002 1,000,000.00 999,060.00 1,000,000.00 2.500 AAA 2.500 908 05/27/2005 Subtotal and Average 41,700,661.30 44,105,000.00 44,936,851.20 44,129,372.17 4.738 983 Local Agency Investment Funds SYS982 982 Laif City 18,606,816.50 18,606,816.50 18,606,816.50 2.301 NR 2.301 1 SYS2206 2206 LAIF-Redevelopment Agency 13,998,160.65 13,998,160.65 13,998,160.65 2.301 NR 2.301 1 Subtotal and Average 36,104,977.15 32,604,977.15 32,604,977.15 32,604,977.15 2.301 1 Treasury Securities-Coupon 91282741<5 2875 United States Treasury Note 02/22/1999 1,000,000.00 1,023,750.00 1,001,369.38 5.375 AAA 5.106 211 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,026,880.00 998,863.75 5.250 AAA 5.431 257 08/15/2003 Subtotal and Average 2,000,263.12 2,000,000.00 2,050,630.00 2,000,233.13 5.268 234 Medium Term Notes 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,035,370.00 996,973.99 5.400 Aaa 5.700 428 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 519,330.89 474,358.99 6.250 Aa3 6.800 1,096 12/01/2005 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000,000.00 1,029,320.00 997,966.00 6.267 Aaa 6.620 234 07/23/2003 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,045,120.00 1,001,641.49 6.810 Aaa 6.610 337 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,098,520.00 998,937.89 7.500 Aa3 7.559 803 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000.000.00 1,067,830.00 998,671.52 5.750 Aa2 5.795 1,256 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,066,640.00 946,972.39 6.700 Al 6.920 568 06/21/2004 Subtotal and Average 6,465,160.01 6,481,000.00 6,862,130.89 6,465,522.27 6.554 640 Commercial Paper Disc.-Amortizing 36959JMD2 3107 General Electric Capital Corp 09/27/2002 1,000,000.00 999,600.00 999,420.00 1.740 Aaa 1.771 12 12/13/2002 36959JMG5 3108 General Electric Capital Corp 69/27/2002 1,000,000.00 999,490.00 999,275.00 1.740 Aaa 1.771 15 12/16/2002 36959JNA7 3112 General Electric Capital Corp 11/20/2002 2,000,000.00 1,997,100.00 1,997,066.67 1.320 Aaa 1.341 40 01/10/2003 71708FNP3 3111 Pfizer,Inc. 11/20/2002 2,000,000.00 1,996,100.00 1,996,231.11 1.280 A1+ 1.301 53 01/23/2003 Subtotal and Average 3,461,237.70 6,000,000.00 5,992,290.00 5,991,992.78 1.471 35 Federal Agency Disc.-Amortizing 313588BE4 3113 Fed.Nat'l Mort.Assoc. 11/20/2002 2,000,000.00 1,996,000.00 1,995,935.56 1.240 AAA 1.260 59 01/29/2003 Subtotal and Average 1,997,864.08 2,000,000.00 1,996,000.00 1,995,935.56 1.260 59 Portfolio CITY AP Run Date:01/032003-11:32 PM(PRF_PM2)SymRepl V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments November 30, 2002 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 912795LP4 3103 US Treasury Bill 09/17/2002 2,000,000.00 1,999,140.00 1,998,988.61 1.655 AAA 1.685 11 12/12/2002 Subtotal and Average 1,997,655.42 2,060,000.00 1,999,140.00 1,998,988.61 1.685 11 Total and Average 93,727,818.76 95,190,977.15 96,442,019.24 95,187,021.67 3.695 508 Portfolio CITY AP Run Date:01/03/2003-11:32 PM(PRF_PM2)SymRept V6.21 City of FIB Portfolio Management Page 5 Activity By Type November 1, 2002 through November 30, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133MQ2K9 3094 Federal Home Loan Bank 2.530 11/06/2002 0.00 1,000,000.00 3133MS2Y5 3104 Federal Home Loan Bank 3.000 11/07/2002 0.00 1,000,000.00 3133MTTS7 3110 Federal Home Loan Bank 2.920 11/27/2002 1,998,750.00 0.00 3128XOKX6 3114 Federal Home Loan Mort Corp 1.875 11/21/2002 1,000,000.00 0.00 31364KYH7 2976 Fed.Nat'l Mort.Assoc. 6.500 11/07/2002 0.00 1,000,000.00 3136F03E0 3046 Fed.Nat'l Mort.Assoc. 3.625 11/19/2002 0.00 1,000,000.00 3136F04Z2 3051 Fed.Nat'l Mort.Assoc. 3.400 11/15/2002 0.00 997,497.68 313591VILT8 3095 Fed.Nat'l Mort.Assoc. 3.600 11/29/2002 0.00 1,004,494.71 31359MPY3 3109 Fed.Nat'l Mort.Assoc. 3.000 11/27/2002 2,000,000.00 0.00 3136F2TT5 3115 Fed.Nat'l Mort.Assoc. 2.500 11/27/2002 1,000,000.00 0.00 Subtotal 5,998,750.00 6,001,992.39 44,129,372.17 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 2.301 1,500,000.00 0.00 SYS2206 2206 LAIF-Redevelopment Agency 2.301 2,500,000.00 8,200,000.00 Subtotal 4,000,000.00 8,200,000.00 32,604,977.15 Treasury Securities-Coupon Subtotal 2,000,233.13 Medium Term Notes Subtotal 6,465,522.27 Commercial Paper Disc.-Amortizing 36959JNA7 3112 General Electric Capital Corp 1.320 11/20/2002 1,996,260.00 0.00 71708FNP3 3111 Pfizer,Inc. 1.280 11/20/2002 1,995,448.89 0.00 Subtotal 3,991,708.89 0.00 5,991,992.78 Federal Agency Disc.-Amortizing 313313Q27 3099 Federal Faris Credit Bank 1.640 11/20/2002 0.00 2,000,000.00 313588BE4 3113 Fed.Nat'l Mort.Assoc. 1.240 11/20/2002 1,995,177.78 0.00 Subtotal 1,995,177.78 2,000,000.00 1,995,935.56 Treasury Discounts-Amortizing Subtotal 1,998,988.61 Portfolio CITY AP Run Date:01/032003-11:32 PM(PRF_PM3)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 6 tYY YP Activity B Type November 1, 2002 through November 30, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Total 15,985,636.67 16,201,992.39 95,187,021.67 Portfolio CITY AP Run Date:01/032003-11:32 PM(PRF PM3)SymRept V6.21 City of HB Portfolio Management Page 7 Activity Summary November 2001 through November 2002 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 2001 68 107,728,573.17 4.685 4.750 3.526 6 5 827 508 December 2001 70 109,005,141.93 4.503 4.565 3.261 7 5 825 493 January 2002 68 110,328,920.19 4.404 4.466 3.068 4 6 809 468 February 2002 69 108,193,466.33 4.503 4.566 2.967 4 3 874 504 March 2002 70 108,022,090.63 4.462 4.524 2.861 3 2 876 494 April 2002 70 108,878,225.21 4.496 4.558 2.845 2 2 907 513 May 2002 74 110,728,005.96 4.232 4.290 2.740 9 5 838 468 June 2002 73 111,911,861.38 4.098 4.155 2.687 5 6 832 472 July 2002 69 108,270,068.04 4.070 4.126 2.714 10 14 861 506 August 2002 66 101,881,721.88 4.001 4.057 2.594 4 7 858 508 September 2002 62 99,320,920.60 3.902 3.956 2.604 7 11 843 519 October 2002 55 96i564,576.04 3.871 3.924 2.604 1 7 820 497 November 2002 55 93,727,818.76 3.644 3.695 2.301 7 7 830 508 Average 67 105,734,823.53 4.221% 4.279% 2.829 5 6 846 497 Portfolio CITY AP Run Date:01/03/2003-11:32 PM(PRF_PM4)SynnRept V6.21 Report Ver.5.00 I City of HB Portfolio Management Page 8 Distribution of Investments By Type November 2001 through November 2002 November December January February March April May June July August September October November Average Security Type 2001 2001 2002 2002 2002 2002 2002 2002 2002 2002 2002 2002 2002 by Period Repurchase Agreements _......._- ......... . ....... ....... ........ ......... ...................... ........ ... .............._-- ........._ ......... ..... ......... .............. ......... .............. .._... ............. ................. ... ......... ......... Certificates of Deposit Commercial Paper-Interest Bearing .... ___._9 y._. .... .. p-- ......... ................................................... ........ ......._. ........ ....... ...._.-_ .. .._... ... .... .... .....- Federal Agency Issues-Coupon 40.0 41.7 40.5 44.6 44.7 46.4 42.4 42.5 46.0 47.9 47.2 46.3 46.4 44.4% .. . ......... .. ....... ... .... ....... . ..-- ....__.......... ......_. . .......- ........_- . .._....._ _..........................................- ...._._ ---.-... ...................... ......... .......-- Local Agency Investment Funds 35.5 31.7 35.8 34.6 34.7 34.9 29.8 28.4 26.5 28.6 33.4 38.6 34.3 32.8% -- ... - ......-- - .... -.._.._ .._ Treasury Securities-Coupon 3.6 3.6 3.6 3.7 3.7 3.6 3.5 3.7 2.9 2.0 2.0 2.1 2.1 3.1°' ......... .. .... ........ ._........ .. ..._...... ..._.. ._........_ ......... ........ ........ ........ ........_ _ ......... _._ ........ .. . .. ...I... __ ........ Medium Term Notes 11.3 11.3 11.2 11.6 11.4 11.3 11.0 8.7 8.3 8.6 7.5 6.8 6.8 9.7 ....... ......................................................... .....-. _ ........-- ._....... ..._..... ...._... .._..... ......... Negotiable CD's - -... _ ...................--....--- --- ----._ - - ......_... Certificates of Deposit-Bank .._.._.. ._..... ... ... ... . ........--- .. ......... ..... ..... ...... .........._..- ............... .......--- Mort . ._...... ._........ ... ...... ...... -_ ......... .__........ . ...... ......... _ ... .... ._..... - ........ ........... ......... ......... ......... _ ......... ......... . . _ Bankers Acceptances-Amortizing - --- -. __-- _ _ - _._.-,._.-----------_- _ _..__. _...._... ............. ._-__.- Commercial Paper Disc.-Amortizing 5.4 9.9 7.2 3.7 1.8 5.3 8.3 4.9 3.1 2.0 2.1 6.3 4.6% ......- - ._........-_ ...._.....--- ........- ..._.._...- ._.......__ ....... . . ...__ .........- .... ...... . . Federal Agency Disc.-Amortizing 3.6 1.8 1.8 1.8 3.8 3.8 6.2 6.5 11.4 9.8 5.0 2.1 2.1 4.6% . ....... - .....- .._...... _ ....._.- ..--.. .._.. ...._.... ......... ..- ....-.. ...._... ......................... .... ........ ........ ....._- TreasuryDiscounts-Amortizing1.8 1.9 3.0 2.1 2.1 0.8% -. _------ _._.. -- ----- ............... _...._- _...._.. ..._...__ ......... __. Miscellaneous Discounts-Amortizing . _.... ..__.... ........ ....... .. ........ ......... ._... ... _ _ ......... ....... ........ _... .. ................. _ .... - .__............ ............. ....... . Rolling Repurchase Agreements 0.6 0.1% Portfolio CITY AP Run Date:01/032003-11:32 PM(PRF PM5)SynnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 11/30/2002 Carrying Cost Plus Description Accrued Interest Purch. Fair 1/alue Accrued Interes# United States Treasury: Bills $ 991,399,138.04 $ 999,330,000.00 NA Notes $ 6,893,330,362.03 $ 6,981,071,000.00 $ 47,798,705.00 Federal Agency: SBA $ 329,175,367.37 $ 327,483,881.62 $ 1,225,456.30 MBS $ 656,349,653.04 $ 662,613,213.43 $ 3,373,502.00 Bonds $ 3,483,799,477.93 $ 3,543,077,993.75 $ 34,285,212.94 Floaters $ - $ - $ - Discount Notes $ 8,718,673,001.49 $ 8,742,233,467.10 NA Fll PC $ 6,279,421.41 $ 6,874,215.21 $ 100,950.10 GNMA $ 698,903.03 $ 812,486.87 $ 6,932.84 Bankers Acceptances $ - $ - NA Bank Notes $ 499,987,542.40 $ 500,003,841.00 $ 633,916.68 CDs $ 7,225,427,325.61 $ 7,225,586,607.75 $ 9,660,881.95 Commercial Paper $ 11,529,250,579.20 $ 11,556,785,334.69 NA Corporate: Floaters $ 395,814,897.85 $ 389,782,716.58 $ 814,979.72 Bonds $ 1,991,064,333.76 $ 2,016,751,220.52 $ 32,949,357.42 Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ Time Deposits $ 5,171,695,000.00 $ 5,171,695,000.00 NA AB 55 &GF Loans $ 2,718,358,606.31 $ 2,718,358,606.31 NA TOTAL $ 50,611,303,609.47 $ 50,842,459,584.83 $ 130,849,894.95 Fair Value Including Accrued Interest $ 50,973,309,479.78 Repurchase Agreements, Time Deposits, AB 55& General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of November 30,2002 Summary of investments by type Market Value Market Value Par Value Investment Type as of 10/31/02 as of 11/30/02 3,521,118 Local Agency Investment Fund (LAIF) 3,426,113 3,521,118 22,658,232 Investment Agreements 24,103,377 22,658,232 1,946,355 Federal Government Agency 2,954,816 2,104,431 7,325,216 Money Market Funds 6,462,535 7,325,216 351,244 US Treasury Securities 351,244 351,244 35,802,165 37,298,085 35,960,241 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 10/31/02 as of 11/30/02 1,696,036 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(1992) 1,696,005 1,696,036 4,172,315 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) 4,167,354 4,172,315 19,688,264 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 21,245,297 19,846,339 2,701,758 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) 2,701,661 2,701,758 2,436,164 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 2,435,991 2,436,164 2,512,988 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility, Energy Retrofit) 2,511,654 2,512,98R 814,771 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds (1992) 801,654 814,7'. 1,412,631 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 1,393,588 1,412,631 181,101 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 178,507 181,101 5,706 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 5,699 5,706 113,681 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 113,546 113,681 66,752 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 47,128 66,752 35,802,165 37,298,084 35,960,241 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2002 Beginning Distributions/ Balance Contributions/ Transfers/ Earnings Ending Balance (06-30-02) Transfers Payments (change in value) Other (9-30-02) ICMA Retirement Corporation (457 Plan) $14,574,326 $373,663 ($151,424) ($1,289,679) $787 $13,507,672 ICMA Retirement Corporation (401 Plan) $105,353 $26,686 $0 ($10,277) $0 $121,76" Nationwide Retirement Solutions $38,719,597 $1,024,461 ($583,294) ($2,391,935) $0 $36,768,830 Trust Deeds $518,539 $0 ($92,768) $0 $0 $425,771 Total 457 &401 Plan Balances $53,917,815 $1,424,809 ($827,485) ($3,691,891) $787 $50,824,035 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: November 2002 Investment Summary Report COUNCIL MEETING DATE: January 21 , 2003 RCA ATTACHMENTS STATUS. Ordinance (w/exhibits & legislative draft if applicable Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Approved as to form by City Attome ) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over$5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS :REVIEWEDI RETURNED FORWARDED Administrative Staff Assistant City Administrator Initial City Administrator Initial ) A City Clerk c 3 EXPLANATION FOR RETURN. OF ITEM Only)(Below Space For City Clerk's Use RCA Author: Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA November Treasurer' s Report G r� o� Shari L . Freidenrich , CPA, CCMT , CFMA January 21 , 2003 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA November 2002 Investment Summary ( in millions) Financial Information: October November Inc./(Dec.) End of month City Portfolio $95.394 $95.187 ($0.207) End of Month Market Value $96.841 $96.442 ($0.399) Interest Earned for Month $0.320 $0.290 ($0.030) Earned Interest Yield Year to Date 3.90% 3.84% -0.06% Average Maturity ( in days) 497. 508 11 YTD Average Daily Balance $96.565 $95.169 ($1 .396) Summary by Type: November % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $44.129 47% None 983 4.74% LAIF (State Pool) $32.605 34% $40 million 1 2.30% U.S.Treasury Notes $2.000 2% None 234 5.27% Medium Term Notes $6.466 7% 20% 640 6.55% Discount Comm. Paper $5.992 6% 25% 35 1 .47% Discount Federal Agy $1 .996 2% None 59 1 .26% Discount Treasury Note $1 .999 2% None 11 1 .69% Total $95.187 100% /s CouriciVAgency Meeting Held: • Deferred/Continued to: Approved ❑Conditionally Approved I] Denied City Clerk's Signature./,I, Council Meeting Date: December 16, 2002 Department ID Number. CT 03-06 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS o o SUBMITTED BY: SHARI L. FREIDENRICH, City Treasl.Fe�;# - PREPARED BY: SHARI L. FREIDENRICH, City Treasurer SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S OCTOBER 20.02 z INVESTMENT SUMMARY REPORT r ; Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for October 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for October 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s)• City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for October 2002. 2 Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information b Monthly Investment Report and Summary of Investments for October 2002 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for October, 2002 City Investment Portfolio: September October Inc./(Dec.) End of month City Portfolio Balance $99,932,150 $95,394,001 ($4,538,148) Earned Interest Yield Average 4.04% 3.90% -0.14% Average Maturity ( in days) 519 497 -22 End of Month Market Value $101,455,309 $96840,877 ($4,614,432) End of month bank cash balance $3,991,302 $3,998,522 $7,220 Bond Proceeds Investments: September October Inc.l(Dec.) End of Month Bond Reserve Par Value $42,098,288 $37,092,860 ($5,005,428) End of Month Bond Reserve Market Value $42,341,693 $37,298,084 ($5,043,609) Deferred Compensation Investments: 6/30/2002 9/30/2002 Inc./(Dec.) Participant Balances $53,917,815 $50,824,035 ($3,093,780) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $300,000 $319,992 $19,992 Interest Earned Year to Date $300,000 $319,992 $19,992 Earned Interest Yield Year to Date 4.00% 3.90% -0.10% Summary by Individual Investment in City Investment Portfolio: Days Int. October %of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $44,133,662 46% None 958 4.88% Local Agency Inv. Fund (LAIF) $36,804,977 39% $40 million 1 2.49% U.S. Treasury Notes - Coupon $2,000,295 2% None 264 5.27% Medium Term Notes $6,464,773 7% 20% 670 6.55% Disc. Commercial Paper $1,995,795 2% 25% 43 1.77% Disc. Federal Agy Issues $1,998,269 2% None 19 1.67% U.S. Treasury Notes - Discount $1,996,230 2% None 41 1.69% $95,394,001 100% FIVIE3 City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary October 31, 2002 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 44,105,000.00 45,099,723.70 44,133,662.03 46.26 1,469 958 4.813 4.880 Local Agency investment Funds 36,804,977.15 36,804,977.15 36,804,977.15 38.58 1 1 2.568 2.604 Treasury Securities-Coupon 2,000,000.00 2,056,560.00 2,000,295.18 2.10 1,572 264 5.196 5.268 Medium Term Notes 6,481,000.00 6,888,916.35 6,464,772.77 6.78 1,509 670 6.464 6.554 Commercial Paper Disc.-Amortizing 2,000,000.00 1,995,800.00 1,995,795.00 2.09 78 43 1.747 1.771 Federal Agency Disc.-Amortizing 2,000,000.00 1,998,200.00 1,998,268.89 2.09 89 19 1.647 1.670 Treasury Discounts-Amortizing 2,000,000.00 1,996,700.00 1,996,230.28 2.09 86 41 1.662 1.685 Investments 95,390,977.15 96,840,877.20 95,394,001.30 100.00% 820 497 3.871 3.924 Cash and Accrued Interest Accrued Interest at Purchase 58,434.72 58,434.72 Subtotal 58,434.72 58,434.72 Total Cash and Investments 95,390,977.15 96,899,311.92 95,452,436.02 820 497 3.871 3.924 Total Earnings October 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 319,991.74 319,991.74 Current Budget 300,000.00 300,000.00 3,600,000.00 Last Year Actual 471,179.27 471,179.27 4,812,507.05 Average Daily Balance 96,564,576.04 96,564,576.04 Effective Rate of Return 3.90% 3.90% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 17,2001. 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 p ided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. / 2 -.3 -03- ENAICH,CITY TREASURER Portfolio CITY AP Run Date:12/04/2002-11:28 PM(PRF_PM1)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments October 31, 2002 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 31331LWC8 3053 Federal Farm Credit Bank 12/17/2001 1,000,000.00 1,002,500.00 1,000,000.00 3.490 AAA 3.490 411 12/17/2003 3133M2SM0 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 1,007,500.00 1,000,000.00 6.200 AAA 6.200 59 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 1,008,440.00 1,000,000.00 6.215 AAA 6.215 67 01/07/2003 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,031,250.00 998,043.61 5.125 AAA 5.380 318 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,033,750.00 1,000,575.14 5.630 AAA 5.546 305 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,133,663.70 1,105,881.71 5.690 AAA 5.540 230 06/19/2003 3133MAWZ8 2942 Federal Home Loan Bank 03/07/2000 1,000,000.00 1,020,940.00 1,000,000.00 7.440 AAA 7.440 857 03/07/2005 3133MCMA0 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,093,760.00 2,000,000.00 6.330 AAA 6.330 1,137 12/12/2005 3133MCRQ0 2988 Federal Home Loan Bank 01/17/2001 1,000,000.00 1,008,130.00 1,000,000.00 6.030 AAA 6.030 1,173 01/17/2006 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,030.630.00 1,000,000.00 5.250 AAA 5.250 1,418 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,033,500.00 1.000.000.00 5.000 AAA 5.000 1,060 09/26/2005 3133MKND5 3054 Federal Home Loan Bank 12/27/2001 1,000,000.00 1,004,690.00 1,000,000.00 4.610 AAA 4.610 969 06/27/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1,025,000.00 1,000,000.00 4.540 AAA 4.540 1,123 11/28/2005 3133MQ2K9 3094 Federal Home Loan Bank 08/06/2002 1,000,000.00 1,000,000.00 1,000,000.00 2.530 AAA 2.530 462 02/06/2004 3133MRGS5 3100 Federal Home Loan Bank 09/20/2002 1,000,000.00 1,001,560.00 1,000,000.00 3.000 AAA 3.001 780 12/20/2004 3133MS2Y5 3104 Federal Home Loan Bank 10/07/2002 1,000.000.00 1,000,000.00 1,000,000.00 3.000 AAA 3.000 1,071 10/07/2005 312923W L5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000.000.00 1,015,980.00 1,000,000.00 5.530 AAA 5.530 1,270 04/24/2006 312925AT7 3069 Federal Home Loan Mort Corp 03/19/2002 1,000,000.00 1,011.880.00 986,308.53 5.000 AAA 5.361 1,593 03/13/2007 312925NC0 3077 Federal Home Loan Mort Corp 06/04/2002 1,000,000.00 1,011,510.00 1,000,000.00 3.700 AAA 3.700 581 06/04/2004 312925/A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,071.880.00 1,996,898.58 4.500 AAA 4.537 1,725 07/23/2007 312925LF5 3105 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,033,320.00 2,032,873.27 5.000 AAA 4.591 1,650 05/09/2007 31292561,19 3106 Federal Home Loan Mort Corp 09/26/2002 2,000,000.00 2,010,000.00 1,998,790.51 2.875 AAA 2.897 1,060 09/26/2005 31364GZA0 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,056,160.00 1,000,000.00 5.910 AAA 5.909 504 03/19/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,062,730.00 995,499.72 6.000 AAA 6.343 563 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,041,250.00 1,000,000.00 7.300 AAA 7.300 997 07/25/2005 31364KYH7 2976 Fed.Nat'l Mort.Assoc. 11/09/2000 1,000,000.00 1,000,940.00 1,000,000.00 6.500 AAA 6.500 371 11/07/2003 31364K51-0 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,048,440.00 1,000,000.00 5.550 AAA 5.550 1,231 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000.000.00 1,044,380.00 1,000,000.00 5.300 AAA 5.300 1,244 03/29/2006 3136FOEW8 3009 Fed.Nat'l Mort.Assoc. 04/23/2001 1,000,000.00 1,016,560.00 999,782.96 5.510 AAA 5.517 1,263 04/17/2006 3136FOJP8 3011 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,020,310.00 1,000,000.00 5.625 AAA 5.625 1,291 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1,020,000.00 996.446.49 5.550 AAA 5.666 1,292 05/16/2006 3136F03E0 3046 Fed.Nat'l Mort.Assoc. 11/19/2001 1,000,000.00 1,000,940.00 1,000,000.00 3.625 AAA 3.625 749 11/19/2004 31361704Z2 3051 Fed.Nat'l Mort.Assoc. 11/16/2001 1,000,000.00 1,000,630.00 997,449.03 3.400 AAA 3.533 745 11/15/2004 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,066,560.00 1,000,000.00 5.010 AAA 5.010 1,566 02/14/2007 3136FUX9 3065 Fed.Nat'l Mort.Assoc. 02/15/2002 1,000,000.00 1.007,190.00 996,185.19 4.100 AAA 4.279 837 02/15/2005 3136F1MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,019,060.00 1.000,000.00 4.350 AAA 4.350 1,028 08/25/2005 Portfolio CITY AP Run Date:12/04/2002-11:10 PM(PRF_PM2)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments October 31, 2002 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 3136F1WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,079,380.00 1,000,000.00 5.350 AAA 5.350 1,623 04/12/2007 31359MMW0 3093 Fed.Nat'l Mort.Assoc. 07/15/2002 1,000,000.00 1,011,250.00 1,011,269.50 3.750 AAA 2.987 558 05/12/2004 31359MLT8 3095 Fed.Nat'l Mort.Assoc. 07/18/2002 1,000,000.00 1,001,560.00 1,004,669.51 3.600 AAA 3.363 759 11/29/2004 3136F1A34 3097 Fed.Nat'l Mort.Assoc. 07/18/2002 1,000,000.00 1,012.500.00 1,012,988.28 4.125 AAA 3.443 732 11/02/2004 Subtotal and Average 45,424,456.06 44,105,000.00 45,099,723.70 44,133,662.03 4.880 958 Local Agency Investment Funds SYS982 982 Laif City 17,106.816.50 17,106,816.50 17,106,816.50 2.604 NR 2.604 1 SYS2206 2206 LAIF-Redevelopment Agency 19,698,160.65 19,698,160.65 19,698,160.65 2.604 NR 2.604 1 Subtotal and Average 34,850,961.34 36,804,977.15 36,804,977.15 36,804,977.15 2.604 1 Treasury Securities-Coupon 9128274K5 2875 United States Treasury Note 02/22/1999 1,000,000.00 1,026,250.00 1,001,564.07 5.375 AAA 5.106 241 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,030,310.00 998,731.11 5.250 AAA 5.431 287 08/15/2003 Subtotal and Average 2,000,326.21 2,000,000.00 2,056,560.00 2,000,295.18 5.268 264 Medium Term Notes 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,040,350.00 996,758.36 5.400 Aaa 5.700 458 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 518,686.35 474,174.51 6.250 Aa3 6.800 1,126 12/01/2005 36962GTR5 2974 General Electric Capital Corp 09/29/2006 1,000,000.00 1,030,300.00 997,702.98 6.267 Aaa 6.620 264 07/23/2003 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,047,060.00 1,001,789.81 6.810 Aaa 6.610 367 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,106,100.00 998,897.56 7.500 Aa3 7.559 833 02/11/2005 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,071,230.00 998.639.35 5.750 Aa2 5.795 1,286 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,075,190.00 996,810.20 6.700 Al 6.920 598 06/21/2004 Subtotal and Average 7,109,564.60 6,481,000.00 6,888,916.35 6,464,772.77 6.554 670 Commercial Paper Disc.-Amortizing 36959JMD2 3107 General Electric Capital Corp 09/27/2002 1,000,000.00 997,970.00 997,970.00 1.740 Aaa 1.771 42 12/13/2002 36959JMG5 3108 General Electric Capital Corp 09/27/2002 1,000,000.00 997,830.00 997,825.00 1.740 Aaa 1.771 45 12/16/2002 Subtotal and Average 1,994,344.99 2,000,000.00 1,995,800.00 1,995,705.00.. 1.771 43 Federal Agency Disc.-Amortizing . 313313027 3099 Federal Farm Credit Bank 08/23/2002 2,000,000.00 1,998,200.00 1,998,268.89 1.640 AAA 1.670 19 11/20/2002 Subtotal and Average 2,674,117.43 2,000,000.00 1,998,200.00 1,998,268.89 1.670 19 Portfolio CITY AP Run Date:12/04/2002-11:10 PM(PRF PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments October 31, 2002 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 9127951-134 3103 US Treasury Bill 09/17/2002 2,000,000.00 1,996,700.00 1,996,230.28 1.655 AAA 1.685 41 12/12/2002 Subtotal and Average 2,510,805.41 2,000,000.00 1,996,700.00 1,996,230.28 1.685 41 Rolling Repurchase Agreements SYS00-2001b 01-2002 Union Bank 10/02/2001 0.00 0.00 0.00 1.100 1.115 1 Subtotal and Average 0.00 0.00 0.00 0.00 0.000 1 Total and Average 96,564,576.04 95,390,977.15 96,840,877.20 95,394,001.30 3.924 497 Portfolio CITY AP Run Date:12/04/2002-11:10 PM(PRF PM2)SymRept V6.21 City of HB Portfolio Management Page 5 Portfolio Details - Cash October 31, 2002 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 58,434.72 58,434.72 0 Subtotal 58,434.72 58.434.72 Total Cash and Investmentss 96,564,576.04 95,390,977.15 96,899,311.92 95,452,436.02 3.924 497 Portfolio CITY AP Run Date:12/04/2002-11:10 PM(PRF_PM2)SymRepl V6.21 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA August 2002 Investment Summary ( in millions) Financial Information: July August Inc./(Dec.) End of month City Portfolio $102.387 $98.401 ($3.986) End of Month Market Value $103.931 $99.923 ($4.008) Interest Earned for Month $0.376 $0.347 ($0.029) Earned Interest Yield Year to Date 4.52% 4.48% -0.04% Average Maturity ( in days) 506 508 2 YTD Average Daily Balance $109.231 $108.551 ($0.680) Summary by Type: August % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $47.103 48% None 937 5.06% LAW (State Pool) $28.153 28% $40 million 1 2.59% U.S.Treasury Notes $2.000 2% None 325 5.27% Medium Term Notes $8.463 9% 20% 566 6.51 % Discount Federal Agy $9.683 10% None 38 1 .73% Discount Comm. Paper $2.999 3% 25% 10 1 .78% Total $98.401 100% Treasurer's Report - .Shad L. Freidenrich, CPA, CCMT, CFMA August s . Report y.e F 6y a T t' P O Shari L . Freidenrich , CPA, CCMT, CFMA 0ctober .21 , 2002 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CFMA August 2002 Investment Summary ( in millions) Financial Information: July August Inc./(Dec.) End of month City Portfolio $102.387 $98.401 ($3.986) End of Month Market Value $103.931 $99.923 ($4.008) Interest Earned for Month $0.376 $0.347 ($0.029) Earned Interest Yield Year to Date 4.52% 4.48% -0.04% Average Maturity ( in days) 506 508 2 YTD Average Daily Balance $109.231 $108.551 ($0.680) Summary by Type: August % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $47.103 48% None 937 5.06% LAIF (State Pool) $28.153 28% $40 million 1 2.59% U.S.Treasury Notes $2.000 2% None 325 5.27% Medium Term Notes $8.463 9% 20% 566 6.51% Discount Federal Agy $9.683 10% None 38 1 .73% Discount Comm. Paper $2.999 3% 25% 10 1 .78% Total $98.401 100% Council/Agency Meeting Held: 0,- Deferred/Continued to: A prov ❑ Conditionally Approved ❑ Denied WCit lerk's S g ature Council Meeting Date: September 16, 2002 Department ID Number: CT 02-15 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS o SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer PREPARED BY: SHARI L. FREIDENRICH, City Treasu U SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JULY 2002 INVESTMENT SUMMARY REPORT cn y Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for July 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for July 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's P. . - NumberDescription 1. Monthly Investment Report and Summary of Investments for July 2002. 2 Schedule of Bond Investments 3. 1 Deferred Compensation Plan Summary Information 6-3 Monthly Investment Report and Summary of Investments for July 2002 Attachment 1 City of Huntington Beach Summary of City investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for July, 2002 City Investment Portfolio: June July Inc./(Dec.) End of month City Portfolio Balance $108,313,805 $102,387,421 ($5,926,385) Earned Interest Yield Average 4.20% 4.09% -0.11% Average Maturity ( in days) 472 506 34 End of Month Market Value $109,768,347 $103,931,053 ($5,837,294) End of month bank cash balance $6,406,719 $4,547,496 ($1,859,223) Bond Proceeds Investments: June July Inc./(Dec.) End of Month Bond Reserve Par Value $52,742,632 $78,564,155 $25,821,523 End of Month Bond Reserve Market Value $52,577,211 $78,520,305 $25,943,094 Deferred Compensation Investments:* 12/31/2001 3/31/2002 Inc./(Dec.) Participant Balances $56,548,633 $56,912,916 $364,283 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $333,333 $375,842 $42,509 Interest Earned Year to Date $3,333,330 $4,113,240 $779,910 Earned Interest Yield Year to Date 4.50% 4.52% 0.02% 'Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. July %of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $47,103,293 46% None 963 5.21% Local Agency Inv. Fund (LAIF) $27,153,228 27% $40 million 1 2.71% U.S. Treasury Notes - Coupon $3,000,210 3% None 247 5.72% Medium Term Notes $8,461,671 8% 20% 597 6.51% Disc. Commercial Paper $4,992,974 5% 25% 29 1.79% Disc. Federal Agy Issues $11,676,045 11%' None 41 1.90% $102,387,421 100% o City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary July 31, 2002 Investments Par Market Book %of Days to YTM YTM Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 47,105,000.00 48,179,713.75 47,103,293.04 46.01 1,489 963 5.140 5.211 Local Agency Investment Funds 27,153,227.85 27,153,227.85 27,153,227.85 26.52 1 1 2.677 2.714 Treasury Securities-Coupon 3,000,000.00 3,073,130.00 3,000,210.40 2.93 1,343 247 5.639 5.717 Medium Term Notes 8,481,000.00 8,854,691.18 8,461,670.92 8.26 1,445 597 6.425 6.514 Commercial Paper Disc.-Amortizing 5,000,000.00 4,993,000.00 4,992,973.88 4.88 61 29 1.765 1.790 Federal Agency Disc.-Amortizing 11,700,000.00 11,677,290.00 11,676,044.62 11.40 124 41 1.870 1.896 Investments 102,439,227.85 103,931,052.78 102,387,420.71 100.00% 861 506 4.070 4.126 Cash and Accrued Interest Accrued Interest at Purchase 21,212.49 21,212.49 Subtotal 21,212.49 21,212.49 Total Cash and Investments 102,439,227.85 103,952,265.27 102,408,633.20 861 506 4.070 4.126 Total Earnings July 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 375,842.25 4,113,240.13 Current Budget 333,333.33 3,333,333.30 4,000,000.00 Last Year Actual 599,364.71 5,174,628.76 6,375,940.94 Average Daily Balance 108,270,068.04 109,230,867.55 Effective Rate of Return 4.09% 4.52% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 17,2001. A copy of this policy is available at the office of the City Clerk. The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provide by Union Bank via Merrill Lynch and J.J.Kenney pricing services. a- SH FRE EN IC ,CITY TREASURER Portfolio CITY AP Run Date:09/04/2002-08:49 PM(PRF_PM1)SymRepl V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments July 31, 2002 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 31331LWC8 3053 Federal Farm Credit Bank 12/17/2001 1,000,000.00 1,005,630.00 1,000,000.00 3.490 AAA 3.490 503 12/17/2003 3133M2SMO 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 1,018,130.00 1,000,000.00 6.200 AAA 6.200 151 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 1,019,060.00 1,000,000.00 6.215 AAA 6.215 159 01/07/2003 3133M7NM4 2871 Federal Home Loan Bank 03/05/1999 1,000,000.00 1,003,440.00 1,000.000.00 5.390 AAA 5.390 35 09/05/2002 '133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,034,690.00 997,482.86 5.125 AAA 5.380 410 09/15/2003 ,33M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,039,380.00 1,000,747.10 5.630 AAA 5.546 397 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,142,293.75 1,106,229.75 5.690 AAA 5.540 322 06/19/2003 3133MAWZ8 2942 Federal Home Loan Bank 03/07/2000 1,000,000.00 1,032,810.00 1,000,000.00 7.440 AAA 7.440 949 03/07/2005 3133MCA96 2973 Federal Home Loan Bank 10/11/2000 1,000,000.00 1,010,000.00 1,000,000.00 7.000 AAA 7.000 1,167 10/11/2005 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,104,380.00 2,000,000.00 6.330 AAA 6.330 1,229 12/12/2005 3133MCROO 2988 Federal Home Loan Bank 01/17/2001 1,000,000.00 1,016,880.00 1,000,000.00 6.030 AAA 6.030 1,265 01/17/2006 3133MDBB8 2996 Federal Home Loan Bank 02/27/2001 1,000,000.00 1,002,500.00 1,000,000.00 5.550 AAA 5.550 757 08/27/2004 3133MDR96 2999 Federal Home Loan Bank 03/30/2001 1,000,000.00 1,005,000.00 1,000,000.00 5.340 AAA 5.340 791 09/30/2004 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,034,380.00 1,000,000.00 5.250 AAA 5.250 1,510 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,028.750.00 1,000,000.00 5.000 AAA 5.000 1,152 09/26/2005 3133MKNDS 3054 Federal Home Loan Bank 12/27/2001 1,000,000.00 1,010,310.00 1,000,000.00 4.610 AAA 4.610 1,061 06/27/2005 3133MMQN6 3068 Federal Home Loan Bank 04/11/2002 2,000,000.00 2,011,880.00 2,000,000.00 5.010 AAA 5.010 1,167 10/11/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1,025,310.00 1,000,000.00 4.540 AAA 4.540 1,215 11/28/2005 3133MNZD6 3082 Federal Home Loan Bank 06/20/2002 1,000,000.00 1,002,190.00 1,000,000.00 3.800 AAA 3.802 781 09/20/2004 312923W L5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000,000.00 1,023,750.00 1,000,000.00 5.530 AAA 5.530 1,362 04/24/2006 312924MC4 3044 Federal Home Loan Mort Corp 10/17/2001 1,000,000.00 1,002,800.00 1,000.000.00 3.310 AAA 3.310 442 10/17/2003 312925AT7 3069 Federal Home Loan Mort Corp 03/19/2002 1,000,000.00 1,017,190.00 985,524.67 5.000 AAA 5.361 1,685 03/13/2007 312925NCO 3077 Federal Home Loan Mort Corp 06/04/2002 1,000,000.00 1,014,520.00 1,000.000.00 3.700 AAA 3.700 673 06/04/2004 112925/A34 3098 Federal Home Loan Mort Corp 07/23/2002 2,000,000.00 2,029,380.00 1,996,734.58 4.500 AAA 4.537 1,817 07/23/2007 364C4137 2800 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,000,480.00 999,983.97 6.150 AAA 6.320 4 08/05/2002 31364GZAO 2885 Fed.Nat'I Mort.Assoc. 04/20/1999 1,000,000.00 1,055,530.00 1,000,000.00 5.910 AAA 5.909 596 03/19/2004 31364GQ93 2905 Fed.Nat'I Mort.Assoc. 06/11/1999 1,000,000.00 1,062,450.00 994,771.26 6.000 AAA 6.343 655 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,051,250.00 1,000,000.00 7.300 AAA 7.300 1,089 07/25/2005 31364KVC1 2966 Fed.Nat'l Mort.Assoc. 09/13/2000 1,000,000.00 1,006,250.00 1.000,000.00 7.000 AAA 7.000 1,139 09/13/2005 31364KYH7 2976 Fed.Nat'l Mort.Assoc. 11/09/2000 1,000,000.00 1,011,880.00 1,000,000.00 6.500 AAA 6.500 463 11/07/2003 313641<51-0 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,050,630.00 1,000,000.00 5.550 AAA 5.550 1,323 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000.000.00 1,046,880.00 1,000,000.00 5.300 AAA 5.300 1,336 03/29/2006 3136FOEW8 3009 Fed.Nat'l Mort.Assoc. 04/23/2001 1,000,000.00 1,025,000.00 999,767.28 5.510 AAA 5.517 1,355 04/17/2006 3136FOJP8 3011 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,029,060.00 1,000,000.00 5.625 AAA 5.625 1,383 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1,028,440.00 996,195.65 5.550 AAA 5.666 1,384 05/16/2006 3136FO3EO 3046 Fed.Nat'l Mort.Assoc. 11/19/2001 1,000,000.00 1,004,380.00 1,000,000.00 3.625 AAA 3.625 841 11/19/2004 Portfolio CITY AP Run Date:09/04/2002-08:49 PM(PRF_PM2)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments July 31, 2002 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 3136F04Z2 3051 Fed.Nat'l Mort.Assoc. 11/16/2001 1,000,000.00 1,003,130.00 997,136.24 3.400 AAA 3.533 837 11/15/2004 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,045,940.00 1,000,000.00 5.010 AAA 5.010 1,658 02/14/2007 3136F1JX9 3065 Fed.Nat'l Mort.Assoc. 02/15/2002 1,000,000.00 1,010,630.00 995,768.52 4.100 AAA 4.279 929 02/15/2005 3136F1MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,020,940.00 1,000,000.00 4.350 AAA 4.350 1,120 08/25/2005 3136F1 WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,057,810.00 1,000,000.00 5.350 AAA 5.350 1,715 04/12/2007 31359MMWO 3093 Fed.Nat'l Mort.Assoc. 07/15/2002 1,000,000.00 1,014,690.00 1,013,110.25 3.750 AAA 2.987 650 05/12/2004 31359MLT8 3095 Fed.Nat'l Mort.Assoc. 07/18/2002 1,000,000.00 1,004,380.00 1,005,231.35 3.600 AAA 3.363 851 11/29/2004 3136F1A34 3097 Fed.Nat'l Mort.Assoc. 07/18/2002 1,000,000.00 1,015,310.00 1,014,609.56 4.125 AAA 3.443 824 11/02/2004 Subtotal and Average 47,088,290.76 47,105,000.00 48,179,713.75 47,103,293.04 5.211 963 Local Agency Investment Funds SYS982 982 Lad City 15,498,928.38 15.498,928.38 15,498,928.38 2.714 NR 2.714 1 SYS2206 2206 LAIF-Redevelopment Agency 11,654,299.47 11,654,299.47 11,654,299.47 2.714 NR 2.714 1 Subtotal and Average 30,595,050.97 27,153,227.85 27,153,227.85 27,153,227.85 2.714 1 Treasury Securities-Coupon 9128274K5 2875 United States Treasury Note 02/22/1999 1,000,000.00 1,033.440.00 1,002,161.15 5.375 AAA 5.106 333 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,036,250.00 998,324.36 5.250 AAA 5.431 379 08/15/2003 9128273G5 2945 United States Treasury Note 03/28/2000 1,000,000.00 1,003,440.00 999.724.89 6.250 AAA 6.615 30 08/31/2002 Subtotal and Average 3,968,031.17 3,000,000.00 3,073,130.00 3,000,210.40 5.717 247 Medium Term Notes 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,039,470.00 996,111.47 5.400 Aaa 5.700 550 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 508.311.18 473,621.10 6.250 Aa3 6.800 1,218 12/01/2005 201615DG3 2965 Citfinancial 09/12/2000 1,000.000.00 1,004,590.00 999,393.25 6.375 Aa3 6.915 45 09/15/2002 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000,000.00 1,036,320.00 996,913.93 6.267 Aaa 6.620 356 07/23/2003 36962GUA 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,053,080.00 1.002.234.80 6.810 Aaa 6.610 459 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,095,410.00 998,776.56 7.500 Aa3 7.559 925 02/11/2005 84534ECS5 2827 Southwestern Bell 01/12/1998 1,000.000.00 1,005,620.00 999,753.34 5.730 Aa2 5.858 81 10/21/2002 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,045,910.00 998,542.85 5.750 Aa2 5.795 1,378 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,065,980.00 996,323.62 6.700 Al . 6.920 690 06/21/2004 Subtotal and Average 8,912,713.39 8,481,000.00 8,854,691.18 8,461,670.92 6.514 597 Commercial Paper Disc.-Amortizing 36959JJ61 3087 General Electric Capital Corp 07/02/2002 2,000,000.00 1,996,500.00 1,996,500.00 1.750 Aaa 1.780 36 09/06/2002 Portfolio CITY AP Run Date:09/04/2002-08:49 PM(PRF_PM2)SymRepl V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments July 31, 2002 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 7954W1JL8 3085 Salomon SB Holdings 06/28/2002 1,000,000.00 997,580.00 997,555.55 1.760 A1+P1 1.792 50 09/20/2002 7954W1HC0 3086 Salomon SB Holdings 06/28/2002 2,000,000.00 1,998,920.00 1,998,918.33 1.770 A1+P1 1.799 11 08/12/2002 Subtotal and Average 7,181,789.42 5,000,000.00 4,993,000.00 4,992,973.88 1.790 29 Federal Agency Disc.-Amortizing 313385C95 3090 Federal Home Loan Bank 07/09/2002 2,000,000.00 1,998,000.00 1,997,922.22 1.700 AAA 1.727 22 08/23/2002 313397,128 3089 Federal Home Loan Mort Corp 07/03/2002 2,000,000.00 1,994,000.00 1,993,997.50 1.715 AAA 1.746 63 10/03/2002 313589C27 3072 Fed.Nat'l Mort.Assoc. 03/26/2002 1,000,000.00 999,300.00 999,166.67 2.000 AAA 2.044 15 08/16/2002 313589G31 3088 Fed.Nat'l Mort.Assoc. 07/03/2002 1,000,000.00 997,700.00 997,713.34 1.715 AAA 1.745 48 09/18/2002 313589G31 3091 Fed.Nat'l Mort.Assoc. 07/09/2002 1,700,000.00 1,696,090.00 1,696,056.00 1.740 AAA 1.770 48 09/18/2002 313589H22 3092 Fed.Nat'l Mort.Assoc. 07/09/2002 2,000,000.00 1,994,800.00 1,994,713.89 1.730 AAA 1.761 55 09/25/2002 313397D65 3043 Federal Nat'l Mort.Corp. 09/20/2001 2,000,000.00 1,997,400.00 1,996,475.00 AAA 2.457 27 08/28/2002 Subtotal and Average 10,266,146.11 11,700,000.00 11,677,290.00 -11,676,044.62 1.896 41 Treasury Discounts-Amortizing Subtotal and Average 258,046.24 Rolling Repurchase Agreements SYS00-2001b 01-2002 Union Bank 10/02/2001 0.00 0.00 0.00 1.100 1.115 1 Subtotal and Average 0.00 0.00 0.00 0.00 0.000 1 Total and Average 108,270,068.04 102,439,227.85 103,931,052.78 102,387,420.71 4.126 506 Portfolio CITY AP Run Date:09/04/2002-08:49 PM(PRF_PM2)SymRepl V6.21 City of HB Portfolio Management Page 5 Portfolio Details - Cash July 31, 2002 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 21,212.49 21,212.49 0 Subtotal 21,212.49 21,212.49 Total Cash and Investmentss 108,270,068.04 102,439,227.85 103,952,265.27 102,408,633.20 4.126 506 Portfolio CITY AP Run Date:09/04/2002-06:49 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Activity BY Type e Page 6 July 1, 2002 through July 31, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133MBT49 2960 Federal Home Loan Bank 7.200 07/26/2002 0.00 1,000,000.00 312923CU7 2989 Federal Home Loan Mort Corp 5.320 07/18/2002 0.00 1,000,000.00 3129236G5 3031 Federal Home Loan Mort Corp 5.700 07/26/2002 0.00 1,000,000.00 3129236G5 3033 Federal Home Loan Mort Corp 5.700 07/26/2002 0.00 999,750.00 312925/A34 3098 Federal Home Loan Mort Corp 4.500 07/23/2002 1,996,720.00 0.00 31359MMWO 3093 Fed.Nat'l Mort.Assoc. 3.750 07/15/2002 1,013,437.50 0.00 31359MLT8 3095 Fed.Nat'l Mort.Assoc. 3.600 07/18/2002 1,005,312.50 0.00 3136F1A34 3097 Fed.Nat'l Mort.Assoc. 4.125 07/18/2002 1,014,843.75 0.00 Subtotal 5,030,313.75 3,999,750.00 47,103,293.04 Local Agency Investment Funds (Monthly Summary) SYS982 982 Larf City 2.714 133,175.15 4,500,000.00 SYS2206 2206 LAIF-Redevelopment Agency 2.714 6,517,073.66 5,800,000.00 Subtotal 6,650,248.81 10,300,000.00 27,153,227.85 Treasury Securities-Coupon 9128273C4 2897 United States Treasury Note 6.000 07/31/2002 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 3,000,210.40 Medium Term Notes 046003J135 2857 Associated Corp. 5.875 07/15/2002 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 8,461,670.92 Commercial Paper Disc.-Amortizing 36959JG15 3080 General Electric Capital Corp 1.750 07/01/2002 0.00 2,000,000.00 36959JJ61 3087 General Electric Capital Corp 1.750 07/02/2002 1,993,583.33 -0.00 61745BGV3 3084 Morgan Stanley Dean Witter 1.780 07/29/2002 0.00 2,000,000.00 7954W1G80 3074 Salomon Smith Barney 1.790 07/08/2002 0.00 2,000,000.00 Subtotal 1,993,583.33 6,000,000.00 4,992,973.88 Federal Agency Disc.-Amortizing 313385YY6 3073 Federal Home Loan Bank 1.700 07/05/2002 0.00 1,000,000.00 313385YWO 3075 Federal Home Loan Bank 1.700 07/03/2002 0.00 1,000,000.00 313385C95 3090 Federal Home Loan Bank 1.700 07/09/2002 1,995,750.00 0.00 13397YV7 3079 Federal Home Loan Mort Corp 1.740 07/02/2002 0.00 1,000,000.00 Portfolio CITY AP Run Date:09/04/2002-08:49 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Y Type ActivityB T e July 1, 2002 through July 31, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Disc.-Amortizing 313397YV7 3081 Federal Home Loan Mort Corp 1.690 07/02/2002 0.00 1,000,000.00 313397J28 3089 Federal Home Loan Mort Corp 1.715 07/03/2002 1,991,234.44 0.00 313589G31 3088 Fed.Nat'l Mort.Assoc. 1.715 07/03/2002 996,331.81 0.00 313589G31 3091 Fed.Nat'l Mort.Assoc. 1.740 07/09/2002 1,694,166.17 0.00 313589H22 3092 Fed.Nat'l Mort.Assoc. 1.730 07/09/2002 1,992,503.33 0.00 Subtotal 8,669,985.75 4,000,000.00 11,676,044.62 Treasury Discounts-Amortizing 912795KQ3 3078 United States Treasury Note 1.700 07/05/2002 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 0.00 Rolling Repurchase Agreements Subtotal 0.00 Total 22,344,131.64 28,299,750.00 102,387,420.71 Portfolio CITY AP Run Date:09/04/2002-08:49 PM(PRF PM3)SyrnRept V6.21 City of 1-113 Portfolio Management Page 8 Activity Summary July 2001 through July 2002 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity July 2001 79 121,645,128.94 5.415 5.490 4.635 21 23 841 513 August 2001 72 110,517,156.02 5.362 5.436 4.502 10 17 833 500 September 2001 67 110,925,431.97 5.049 5.119 4.288 17 21 836 534 October 2001 67 109,168,575.97 5.033 5.103 4.288 4 4 832 517 November 2001 68 107,728,573.17 4.685 4.750 3.526 6 5 827 508 December 2001 70 109,005,141.93 4.503 4.565 3.261 7 5 825 493 January 2002 68 110,328,920.19 4.404 4.466 3.068 4 6 809 468 February 2002 69 108,193,466.33 4.503 4.566 2.967 4 3 874 504 March 2002 70 108,022,090.63 4.462 4.524 2.861 3 2 876 494 April 2002 70 108,878,225.21 4.496 4.558 2.845 2 2 907 513 May 2002 74 110,728,005.96 4.232 4.290 2.740 9 5 838 468 June 2002 73 111,911,861.38 4.098 4.155 2.687 5 6 832 472 July 2002 69 108,270,068.04 4.070 4.126 2.714 10 14 861 506 Average 70 110,431,761.43 4.639% 4.704% 3.414 8 9 845 499 Portfolio CITY AP Run Date:09/0412002.08:49 PM(PRF_PM4)SyrnRepl V6.21 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type July 2001 through July 2002 July August September October November December January February March April May June July Average Security Type 2001 2001 2001 2001 2001 2001 2002 2002 2002 2002 2002 2002 2002 by Period -Repurchase Agreements - ---- -- -- -- - -- _- --- - ---- - - -- --- --- -- -- -- - - - -- ---------- --- -- -- -- - - - --- ----- - - -- - - - - -- - - - Certificates of Deposit Commercial Paper-Interest Bearing .__ ..........-... - _._-___ ___.._. __._ ..._.... -._._-_-.-_-. _ ._. .... .............. _. -- Federal Agency Issues-Coupon 42.7 40.4 39.6 39.5 40.0 41.7 40.5 44.6 44.7 46.4 42.4 42.5 46.0 42.4/o - -9 -y - -- - -..__. ---- - - ---- - - --- -- -- - --- -- - - -- -- - --- -- - Local Agency Investment Funds 28.3 35.0 36.0 36.6 35.5 31.7 35.8 34.6 34.7 34.9 29.8 28.4 26.5 32.9% -. . --- -- ._--- - - _ .. - . _ .. _ Treasury Securities-Coupon 5.2 5.3 3.6 3.7 3.6 3.6 3.6 3.7 3.7 3.6 3.5 3.7 2.9 3.8' Medium Term Notes 12.4 12.5 11.2 11.4 11.3 11.3 11.2 11.6 11.4 11.3 11.0 8.7 8.3 11.0% --- - .__._._. __ ---- ----- . - Negotiable CD's Certificates of Deposit-Bank ----- -- - --- ------ -.-._ ..-- - ----- - --- --- --- ---...- ----- Mortgage Backed Securities - --.----. Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 9.7 5.1 5.2 5.3 5.4 9.9 7.2 3.7 1.8 5.3 8.3 4.9 5.5% -- ---- -- _ - --- --- -----.._..- -- -------- ---------- ------- --------- --------- _ ---- - --- -- - ----------------- - - ----------- Federal Agency Disc.-Amortizing1.7 1.8 4.5 3.6 3.6 1.8 1.8 1.8 3.8 3.8 6.2 6.5 11.4 4.0% - _ _ -------------- - ------ --- --- ------ --- ------- --- --- ----- ------------- ----- - - ---- - - --- - - -- --------------- Treasury - - Discounts-Amortizing 1.8 1.9 0.3% --. - ..._._ . .......... .__.-.. - .......... __._.. - ----- ------ --- ------- _ ---- - - --- Miscellaneous Discounts-Amortizing _._.....--- ------- - ------------- ---- - ------- ----------- ----------------- ------ Rolling Repurchase Agreements 0.6 0.1% Portfolio CITY AP Run Date:09/04/2002-08:49 PM(PRF-PM5)SyrnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 7/31/2002 �Descr�ptlon�� r-��,•Accrued Interest Purch,��� ,_=� Fair Value -� aF Accrued Interest: United States Treasury: Bills $ 1,090,541,276.92 $ 1,092,894,000.00 NA Notes $ 6,029,783,130.45 $ 6,128,066,000.00 $ 66,080,934.50 Federal Agency: SBA $ 282,243,093.88 $ 281,396,680.90 $ 1,072,250.14 MBS $ 628,971,039.11 $ 638,410,547.76 $ 3,211,890.46 Bonds $ 4,206,308,133.75 $ 4,270,635,162.50 $ 51,669,360.30 Floaters $ - $ - $ - Discount Notes $ 4,991,853,518.19 $ 5,027,576,883.40 NA FHLMC PC $ 6,977,286.76 $ 7,631,995.63 $ 112,228.77 GNMA $ 750,832.19 $ 867,838.82 $ 7,446.14 Bankers Acceptances $ - $ - NA Bank Notes $ 1,250,000,000.00 $ 1,250,215,744.50 $ 4,061,291.68 CDs $ 5,740,063,057.11 $ 5,740,820,634.50 $ 19,161,238.93 Commercial Paper $ 9,710,083,964.92 $ 9,743,637,635.09 NA Corporate: Floaters $ 470,636,260.07 $ 466,534,776.90 $ 1,618,699.63 Bonds $ 1,968,276,725.44 $ 1,989,088,916.92 $ 27,869,322.77 Repurchase Agreements $ - $ - NA Reverse Repurchase $ 326,875,000.00 $ 326,875,000.00) $ 1,051,880.21 Time Deposits $ 5,167,695,000.00 $ 5,167,695,000.00 NA AB 55 &GF Loans $ 4,414,231,239.88 $ 4,414,231,239.88 NA TOTAL $ 45,631,539,558.67 $ 45,892,828,056.80 $ 175,916,543.53 Fair Value Including Accrued Interest $ 46,068,744,600.33 Repurchase Agreements, Time Deposits, AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of July 31,2002 Summary of investments by type Market Value Market Value Par Value Investment Type as of 6/30/02 as of 7/31/02 1,109,231 Local Agency Investment Fund(LAIF) 1,247,776 1,109,231 33,559,656 Investment Agreements 35,664,775 33,559,656 3,086,300 Federal Government Agency 2,122,782 3,063,328 9,887,651 Money Market Funds 3,441,812 9,887,650 30,921,317 US Treasury Securities 10,100,067 30,900,440 78,564,155 52,577,211 78,520,305 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 6/30/02 as of 7/31/02 23,310,666 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(1992) 0 23,289,789 4,155,086 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) 0 4,155,086 26,310,220 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 27,967,125 26,284,745 5,317,665 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg.Refinance) 2,703,002 5,317,665 2,895,333 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 3,034,227 2,895,333 4,229,203 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility, Energy Retrofit) 4,602,912 4,229,203 801,001 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds (1992) 814,316 803,503 2,127,221 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 2,125,694 2,127,221 174,283 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 170,482 174,283 8,968,829 Huntington Beach Public Finance Authority-Revenue Bonds 1992 Series, Escrow Account 8,968,829 8,968,829 55,270 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 1,991,046 55,270 113,773 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 113,637 113,773 105,606 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 85,942- 105,606 78,564,155 52,577,211 78,520,305 a Schedule of Bond Investments Held by Fiscal Agent as of July 31,2002 Summary of investments by type Market Value Market Value Par Value Investment Type as of 6/30/02 as of 7/31/02 1,109,231 Local Agency Investment Fund(LAIF) 1,247,776 1,109,231 33,559,656 Investment Agreements 35,664,775 33,559,656 3,086,300 Federal Government Agency 2,122,782 3,063,328 9,887,651 Money Market Funds 3,441,812 9,887,650 30,921,317 US Treasury Securities 10,100,067 30,900,440 78,564,155 52,577,211 78,520,305 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 6/30/02 as of 7/31/02 23,310,666 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds(1992) 0 23,289,789 4,155,086 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) 0 4,155,086 26,310,220 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 27,967,125 26,284,745 5,317,665 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) 2,703,002 5,317,665 2,895,333 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 3,034,227 2,895,333 4,229,203 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility, Energy Retrofit) 4,602,912 4,229,203 801,001 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds (1992) 814,316 803,503 2,127,221 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 2,125,694 2,127,221 174,283 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 170,482 174,283 8,968,829 Huntington Beach Public Finance Authority-Revenue Bonds 1992 Series, Escrow Account 8,968,829 8,968,829 55,270 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 1,991,046 55,270 113,773 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 113,637 113,773 105,606 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 85,942 105,606 78,564,155 52,577,211 78,520,305 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2002 Beginning Distributions/ Balance Contributions/ Transfers/ Earnings Ending Balance (12-31-01) Transfers Payments (change in value) Other (3-31-02) ICMA Retirement Corporation (457 Plan) $15,916,593 $304,558 ($256,936) ($13,299) ($37,591) $15,913,325 MA Retirement Corporation (401 Plan) $699432 $19,417 $0 ($165) $0 $88,684 Nationwide Retirement Solutions $40,044,069 $989,241 ($953,542) $312,601 $0 $40,392,368 Trust Deeds $518,539 $0 $0 $0 $0 $518,539 Total 457 &401 Plan Balances $56,548;633 $1,313,216 ($1,210,478) $299,1:37 ($37,591) $56,912,916 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: July 2002 Investment Summary Report COUNCIL MEETING DATE: September 16, 2002 RCA ATTACHMENTS STATUS Ordinance w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attome ) Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attome Not Applicable Certificates of Insurance (Approved by the City Attomey) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff ) Assistant City Administrator Initial City Administrator (Initial) City Clerk EXPLANATION FOR RETURN OF ITEM: (Below • . For Only) 1` RCA Author: iL t_ 1. Y CLERv C!TY OF Treasurer's Report - Shari L. Freidenrich, CPA, CCMT HUN I INGTON BEACH, CA 1001 SEP I b A a: 3 July Report Shari L . Frei-denrich , CPA, CCMT September 16, 2002 W Treasurer's Report - Shari L. Freidenrich, CPA, CCMT July 2002 Investment Summary ( in millions) Financial Information: June July Inc./(Dec.) End of month City Portfolio $108.313 $102.387 ($5.926) End of Month Market Value $109.768 $103.931 ($5.837) Interest Earned for Month $0.386 $0.376 ($0.010) Earned Interest Yield Year to Date 4.57% 4.52% -0.05% Average Maturity ( in days) 472 506 34 YTD Average Daily Balance $109.300 $109.231 Summary by Type: July % of Total I Policy Limit Days to Mat. IRate Federal Agy - Coupon $47.103 46% None 963 5.21 % LAIF (State Pool) $27.153 27% $40 million 1 2.71 % U.S.Treasury Notes $3.000 3% None 247 5.72% Medium Term Notes $8.462 8% 20% 597 6:51 % Discount Federal Agy $11 .676 11 % None 41 1 .90% Discount Comm. Paper $4.993 5% 25% 29 1 .79% Total $102.387 100% Council/Agency Meeting Held: "05-02 Deferred/Continued to: �A proved_ ❑ Conditionally Approved ❑ Denied {e/• WCIer 's ignature Council Meeting Date: August 5, 2002 Department ID Num er: CT 02-14 A c CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION Ln SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City Treasu D rer � PREPARED BY: SHARI L. FREIDENRICH, City Treasur SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JUNE 2002 INVESTMENT SUMMARY REPORT Statement ofissue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for June 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for June 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's . . - Number No. Description 1. Monthly Investment Report and Summary of Investments for June 2002. 2 Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information �- 3 Monthly Investment Report and Summary of Investments for June 2002 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for June, 2002 City Investment Portfolio: May June Inc./(Dec.) End of month City Portfolio Balance $113,300,209 $108,313,805 ($4,986,404) Earned Interest Yield Average 4.35% 4.20% -0.15% Average Maturity( in days) 468 472 4 End of Month Market Value $114,644,128 $109,768,347 ($4,875,781) End of month bank cash balance $4,889,712 $6,406,719 $1,517,007 Bond Proceeds Investments: May June Inc./(Dec.) End of Month Bond Reserve Par Value $54,798,493 $52,742,632 ($2,055,861) End of Month Bond Reserve Market Value $54,693,705 $52,577,211 ($2,116,494) Deferred Compensation Investments:* 12/31/2001 3/31/2002 Inc./(Dec.) Participant Balances '$56,548,633 $56,912,916 $364,283 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $333,333 $386,603 $53,270 Interest Earned Year to Date $2,999,997 $3,738,463 $738,466 Earned Interest Yield Year to Date 4.50% 4.57% 0.07% *Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. June %of Total Policy Limit to Mat. Rate Federal Agy Issues - Coupon $46,072,383 43% None 965 5.44% Local Agency Inv. Fund (LAIF) $30,802,979 28% $40 million 1 2.69% U.S. Treasury Notes - Coupon $4,000,386 4% None 216 5.65% Medium Term Notes $9,460,496 9% 20% 563 6.42% Disc. Commercial Paper $8,988,445 8% 25% 26 1.80% Disc. Federal Agy Issues $6,989,494 6% None 24 1.99% Disc. Treasury Securities $1,999,622 2% None 4 1.73% $108,313,805 100% 1� o City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 - Portfolio Summary June 30, 2002 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 46,105,000.00 47,071,865.05 46,072,382.99 42.54 1,514 965 5.361 5.435 Local Agency Investment Funds 30,802,979.04 30,802,979.04 30,802,979.04 28.44 1 1 2.650 2.687 Treasury Securities-Coupon 4,000,000.00 4,079,690.00 4,000,386.53 3.69 1,300 216 5.576 5.654 Medium Term Notes 9,481,000.00 9,834,142.92 9,460,495.88 8.73 1,434 563 6.334 6.422 Commercial Paper Disc.-Amortizing 9,000,000.00 8,988,430.00 8,988,445.00 8.30 47 26 1.775 1.800 Federal Agency Disc.-Amortizing 7,000,000.00 6,991,900.00 6,989,493.63 6.45 145 24 1.958 1.985 Treasury Discounts-Amortizing 2,000,000.00 1,999,340.00 1,999,622.22 1.85 50 4 1.704 1.728 Investments 108,388,979.04 109,768,347.01 108,313,805.29 100.00% 832 472 4.098 4.155 Cash and Accrued Interest Accrued Interest at Purchase 833.33 833.33 Subtotal 833.33 833.33 Total Cash and Investments 108,388,979.04 109,769,180.34 108,314,638.62 832 472 4.098 4.155 Total Earnings June 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 386,603.31 3,738,463.15 Current Budget 333,333.33 2,999,999.97 4,000,000.00 Last Year Actual 588,211.60 4,575,264.05 6,375,940.94 Average Daily Balance 111,911,861.38 109,339,513.02 Effective Rate of Return 4.20% 4.57% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 17,2001. A copy of this policy is available at the office of the City Clerk. The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. (07 TZ2.-OZ NOARf L REI �NRfCH,CITY TREASURER Portfolio CITY AP Run Date:07/10/2002-16:53 PM(PRF_PM1)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments June 30, 2002 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 31331LWC8 3053 Federal Farm Credit Bank 12/17/2001 1,000,000.00 1,004,060.00 1,000,000.00 3.490 AAA 3.490 534 12/17/2003 3133M2SMO 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 1,020,940.00 1,000,000.00 6.200 AAA 6.200 182 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 1,021,560.00 1,000,000.00 6.215 AAA 6.215 190 01/07/2003 3133M7NM4 2871 Federal Home Loan Bank 03/05/1999 1,000,000.00 1,006,250.00 1,000,000.00 5.390 AAA 5.390 66 09/05/2002 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,032,190.00 997,295.94 5.125 AAA 5.380 441 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,035,310.00 1,000,804.42 5.630 AAA 5.546 428 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,141,255.05 1,106,345.76 5.690 AAA 5.540 353 06/19/2003 3133MAWZ8 2942 Federal Home Loan Bank 03/07/2000 1,000,000.00 1,037,500.00 1,000,000.00 7.440 AAA 7.440 980 03/07/2005 3133MBT49 2960 Federal Home Loan Bank 07/26/2000 1,000,000.00 1,003,440.00 1,000,000.00 7.200 AAA 7.200 756 07/26/2004 3133MCA96 2973 Federal Home Loan Bank 10/11/2000 1,000,000.00 1,014,690.00 1,000,000.00 7.000 AAA 7.000 1,198 10/11/2005 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,103,120.00 2,000,000.00 6.330 AAA 6.330 1,260 12/12/2005 3133MCRQO 2988 Federal Home Loan Bank 01/17/2001 1,000,000.00 1,020,940.00 1,000,000.00 6.030 AAA 6.030 1,296 01/17/2006 3133MDBB8 2996 Federal Home Loan Bank 02/27/2001 1,000,000.00 1,005,310.00 1,000,000.00 5.550 AAA 5.550 788 08/27/2004 3133MDR96 2999 Federal Home Loan Bank 03/30/2001 1,000,000.00 1,007,500.00 1,000,000.00 5.340 AAA 5.340 822 09/30/2004 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,027,810.00 1,600,000.00 5.250 AAA 5.250 1,541 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,027,810.00 1,000,000.00 5.000 AAA 5.000 1,183 09/26/2005 3133MKND5 3054 Federal Home Loan Bank 12/27/2001 1,000,000.00 1,012.500.60 1,000,000.00 4.610 AAA 4.610 1.092 06/27/2005 3133MMQN6 3068 Federal Home Loan Bank 04/11/2002 2,000.000.00 2,018,120.00 2,000.000.00 5.010 AAA 5.010 1,198 10/11/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000.000.00 1.018,130.00 1.000,000.00 4.540 AAA 4.540 1,246 11/28/2005 3133MNZD6 3082 Federal Home Loan Bank 06/20/2002 1,000,000.00 1.003,440.00 1,000.000.00 3.800 AAA 3.802 812 09/20/2004 312923CU7 2989 Federal Home Loan Mort Corp 01/18/2001 1,000,000.00 1,001,590.00 1,000,000.00 5.320 AAA 5.320 17 07/18/2002 312923WL5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000,000.00 1,026,130.00 1,000,000.00 5.530 AAA 5.530 1,393 04/24/2006 3129236G5 3031 Federal Home Loan Mort Corp 07/26/2001 1,000,000.00 1,002,500.00 1,000,000.00 5.700 AAA 5.700 1,486 07/26/2006 3129236G5 3033 Federal Home Loan Mort Corp 07/26/2001 1,000,000.00 1,002,500.00 999,745.66 5.700 AAA 5.707 1,486 07/26/2006 312924MC4 3044 Federal Home Loan Mort Corp 10/17/2001 1,000,000.00 1,002,570.00 1,000,000.00 3.310 AAA 3.310 473 10/17/2003 312925AT7 3069 Federal Home Loan Mort Corp 03/19/2002 1,000,000.00 1,014,380.00 985,263.38 5.000 AAA 5.361 1,716 03/13/2007 312925NCO 3077 Federal Home Loan Mort Corp 06/04/2002 1,000,060.00 1,010,390.00 1,000,000.00 3.700 AAA 3.700 704 06/04/2004 31364C4D7 2800 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,003,950.00 699,863.71 6.150 AAA 6.320 35 08/05/2002 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,047,940.00 1,000,000.00 5.910 AAA 5.909 627 03/19/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,053,960.00 094,528.43 6.600 AAA 6.343 686 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,054,060.00 1,000.000.00 7.300 AAA 7.300 1,120 07/25/2005 31364KVC1 2966 Fed.Nat'l Mort.Assoc. 09/13/2000 1,000,000.60 1,010,630.00 1,000,000.00 7.000 AAA 7.000 1,170 09/13/2005 31364KYH7 2976 Fed.Nat'l Mort.Assoc. 11/09/2000 1,000,000.00 1,014,380.00 1,000,000.00 6.500 AAA 6.500 494 11/07/2003 313641<51-0 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,060.00 1,042,810.00 1,000,000.00 5.550 AAA 5.550 1,354 03/16/2006 3136FOAL6 .3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000.000.00 1,037,500.00 1,000,000.00 5.300 AAA 5.300 1,367 03/29/2006 3136FOEW8 3009 Fed.Nat'l Mort.Assoc. 04/23/2001 1,000,000.00 1,027,500.60 999,762.05 5.510 AAA 5.517 1,386 04/17/2006 Portfolio CITY AP Run Date:07/10/2002-16:53 PM(PRF PM2)SyrnRept V6.21 Report Ver.5.00 City of FIB Portfolio Management Page 3 Portfolio Details - Investments June 30, 2002 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 3136FOJP8 3011 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,031,250.00 1,000,000.00 5.625 AAA 5.625 1,414 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1,030,630.00 996,112.04 5.550 AAA 5.666 1,415 05/16/2006 3136FO3EO 3046 Fed.Nat'l Mort.Assoc. 11/19/2001 1,000,000.00 1,004,060.00 1,000,000.00 3.625 AAA 3.625 872 11/19/2004 3136FO4Z2 3051 Fed.Nat'l Mort.Assoc. 11/16/2001 1,000,000.00 999,690.00 997,031.97 3.400 AAA 3.533 868 11/15/2004 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,025,630.00 1,000,000.00 5.010 AAA 5.010 1,689 02/14/2007 3136F1JX9 3065 Fed.Nat'l Mort.Assoc. 02/15/2002 1,000,000.00 1,011,560.00 995,629.63 4.100 AAA 4.279 960 02/15/2005 3136F1MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,016,880.00 1,000,000.00 4.350 AAA 4.350 1,151 08/25/2005 3136171WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,037,500.00 1,000,000.00 5.350 AAA 5.350 1,746 04/12/2007 Subtotal and Average 47,405,245.02 46,105,060.00 47,071,865.05 46,072,382.99 5.435 965 Local Agency Investment Funds SYS982 982 Laif City 19,865,753.23 19,865,753.23 19,865,753.23 2.687 NR 2.687 1 SYS2206 2206 L.AIF-Redevelopment Agency 10,937,225.81 10,937,225.81 10,937,225.81 2.687 NR 2.687 1 Subtotal and Average 34,702,979.04 30,802,979.04 30,802,979.04 30,802,979.04 2.687 1 Treasury Securities-Coupon 9128274K5 2875 United States Treasury Note 02/22/1999 1,000,000.00 1,033,750.00 1,002,362.33 5.375 AAA 5.106 364 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,034,690.00 998,187.30 5.250 AAA 5.431 410 08/15/2003 9128273C4 2897 United States Treasury Note 05/17/1999 1,000.000.00 1.003,750.00 1,000,396.30 6.000 AAA 5.464 30 07/31/2002 9128273G5 2945 United States Treasury Note 03/28/2000 1,000,000.00 1,007,500.00 999,440.60 6.250 AAA 6.615 61 08/31/2002 Subtotal and Average 4,000,475.10 4,000,000.00 4,079,690.00 49000,386.53 5.654 216 Medium Term Notes 046003JP5 2857 Associated Corp. 11/06/1998 1,000,000.00 1,001,220.60 1,000,080.65 5.875 A63 5.640 14 07/15/2002 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,029.380.00 995,895.84 5.400 Aaa 5.700 581 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 509,532.92 473,436.62 6.250 Aa3 6.800 1,249 12/01/2005 201615DG3 2965 Citifinancial 09/12/2000 1,000,000.00 1,008,690.00 998,979.56 6.375 Aa3 6.915 76 09/15/2002 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000,000.00 1,034.790.00 996,650.91 6.267 Aaa 6.620 387 07/23/2003 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,053,540.00 1,002,383.12 6.810 Aaa 6.610 490 11/03/2003 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,087,350.00 998,736.22 7.500 Aa3 7.559 956 02/11/2005 84534ECS5 2827 Southwestern Bell 01/12/1998 1,000,000.00 1,009,910.00 999,660.85 5.730 Aa2 5.858 112 10/21/2002 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,040,340.00 998,510.68 5.750 Aa2 5.795 1,409 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,059,390.00 996,161.43 6.700 Al 6.920 721 06/21/2004 Subtotal and Average 10,526,648.20 9,481,000.00 9,834,142.92 9,460,495.88 6.422 563 Portfolio CITY AP Run Date:07/10/2002-16:53 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments June 30, 2002 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 36959JG15 3080 General Electric Capital Corp 05/23/2002 2,000,000.00 2,000,000.00 2,000,000.00 1.750 Aaa 1.778 0 07/01/2002 61745BGV3 3084 Morgan Stanley Dean Witter 06/28/2002 2,000,000.00 1,997,240.00 1,997,231.11 1.780 Aa3 1.807 28 07/29/2002 7954W1G80 3074 Salomon Smith Barney 05/13/2002 2,000,000.00 1,999,320.00 1,999,303.89 1.790 Al 1.820 7 07/08/2002 7954W1J1-8 3085 Salomon SB Holdings 06/28/2002 1,000,000.00 995,970.00 996,040.00 1.760 A1+P1 1.792 81 09/20/2002 7954W1HC0 3086 Salomon SB Holdings 06/28/2002 2,000,000.00 1,995,900.00 1,995,870.00 1.770 A1+P1 1.799 42 08/12/2002 Subtotal and Average 6,294,217.22 9,000,000.00 8,988,430.00 8,988,445.00 1.800 26 Federal Agency Disc.-Amortizing 313385YY6 3073 Federal Home Loan Bank 05/14/2002 1,000,000.00 999.800.00 999,811.11 1.700 AAA 1.728 4 07/05/2002 313385YWO 3075 Federal Home Loan Bank 05/14/2002 1,000,000.00 999,900.00 999,905.56 1.700 AAA 1.728 2 07/03/2002 13397YV7 3079 Federal Home Loan Mort Corp 05/16/2002 1,000,000.00 1,000,000.00 999,951.67 1.740 AAA 1.768 1 07/02/2002 313397YV7 3081 Federal Home Loan Mort Corp 05/23/2002 1,000,000.00 1,000,000.00 999,953.06 1.690 AAA 1.717 1 07/02/2002 313589C27 3072 Fed.Nat'l Mort.Assoc. 03/26/2002 1,000,000.00 997,800.00 997,444.45 2.000 AAA 2.044 46 08/16/2002 313397D65 3043 Federal Nat'l Mort.Corp. 09/20/2001 2,000,000.00 1,994,400.00 1,992,427.78 AAA 2.457 58 08/28/2002 Subtotal and Average 6,984,044.03 7,000,000.00 6,991,600.00 6,989,493.63 1.985 24 Treasury Discounts-Amortizing 912795KQ3 3078 United States Treasury Note 05/16/2002 2,000,000.00 1,999,340.00 1,999,622.22 1.700 AAA 1.728 4 07/05/2002 Subtotal and Average 1,998,252.78 2,000,000.00 1,999,340.00 1,999,622.22 1.728 4 Rolling Repurchase Agreements SYS00-2001b 01-2002 Union Bank 10/02/2001 0.00 0.00 0.00 1.100 1.115 1 Subtotal and Average 0.00 0.00 0.00 0.00 0.000 1 Total and Average 111,911,861.38 108,388,979.04 109,768,347.01 108,313,805.29 4.155 472 Portfolio CITY AP Run Date:07/102002-16:53 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 5 Portfolio Details -Cash June 30, 2002 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 833.33 833.33 0 Subtotal 833.33 833.33 Total Cash and Investmentss 111,911,861.38 108,388,979.04 109,769,180.34 108,314,638.62 4.155 472 Portfolio CITY AP Run Date:07/102002-16:53 PM(PRF_PM2)SyrnRept V6.21 City of HB Portfolio Management Page 6 Activity By Type June 1, 2002 through June 30, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer. Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133M8UR3 2898 Federal Home Loan Bank 6.000 06/07/2002 0.00 1,000,600.00 3133MBKR7 2951 Federal Home Loan Bank 7.625 06/05/2002 0.00 1,000,000.00 3133MNZD6 3082 Federal Home Loan Bank 3.800 06/20/2002 1,000,000.00 0.00 312925NCO 3077 Federal Home Loan Mort Corp 3.700 06/04/2002 1,000,000.00 0.00 3136F1CF5 3055 Fed.Nat'l Mort.Assoc. 2.350 06/27/2002 0.00 2,000,000.00 Subtotal 2,000,000.00 4,000,000.00 46,072,382.99 Local Agency Investment Funds (Monthly Summary) SYS2206 2206 LAIF-Redevelopment Agency 2.687 4,500,000.00 7,500,000.00 Subtotal 4,500,000.00 7,500,000.00 30,802,979.04 Treasury Securities-Coupon Subtotal 4,000,386.53 Medium Term Notes 580135CA7 2851 McDonald's 6.000 06/23/2002 0.00 1,000,000.00 17306EAC8 2955 Citigroup 7.450 06/06/2002 0.00 2,000,000.00 Subtotal 0.00 3,000,000.00 9,460,495.88 Commercial Paper Disc.-Amortizing 61745BGV3 3084 Morgan Stanley Dean Witter 1.780 06/28/2002 1,996,934.44 0.00 71708FFUl 3083 Pfizer,Inc. 1.730 06/28/2002 0.00 2,600,000.00 7954W1JL8 3085 Salomon SB Holding s 1.760 06/28/2002 995;893.33 0.00 7954W1HC0 3086 Salomon SB Holdings 1.770 06/28/2002 1,995,575.00 0.00 Subtotal 4,988,402.77 2,000,000.00 8,988,445.00 Federal Agency Disc.-Amortizing Subtotal 6,989,493.63 Treasury Discounts-Amortizing Subtotal 1,999,622.22 Rolling Repurchase Agreements Subtotal 0.00 Portfolio CITY AP Run Date:07/10/2002-16:53 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity By Type June 1, 2002 through June 30, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Total 11,488,402.77 16,50,000.00 108,313,805.29 Portfolio CITY AP Run Date:07/102002-16:53 PM(PRF_PM3)SymRept V6.21 City of HB Portfolio Management Page 8 Activity Summary June 2001 through June 2002 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 2001 81 126,800,495.90 5.558 5.635 4.958 8 13 799 485 July 2001 79 121,645,128.94 5.415 5.490 4.635 21 23 841 513 August 2001 72 110,517,156.02 5.362 5.436 4.502 10 17 833 500 September 2001 67 110,925,431.97 5.049 5.119 4.288 17 21 836 534 October 2001 67 109,164,557.55 5.033 5.103 4.288 4 4 832 516 November 2001 68 107,728,573.17 4.685 4.750 3.526 6 5 827 508 December 2001 70 109,005.141.93 4.503 4.565 3.261 7 5 825 493 January 2002 68 110,328,920.19 4.404 4.466 3.068 4 6 809 468 February 2002 69 108,193,466.33 4.503 4.566 2.967 4 3 874 504 March 2002 70 108,022,090.63 4.462 4.524 2.861 3 2 876 494 April 2002 70 108,878,225.21 4.496 4.558 2.845 2 2 907 513 May 2002 74 110,128,005.96 4.232 4.290 2.740 9 5 838 468 June 2002 73 111,911,861.38 4.098 4.155 2.687 5 6 832 472 Average 71 111,844,292.97 4.754% 4.820% 3.587 8 9 841 498 Portfolio CITY AP Run Date:07/10/2002-16:53 PM(PRF_PM4)SynnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type June 2001 through June 2002 June July August September October November December January February March April May June Average Security Type 2001 2001 2001 2001 2001 2001 2001 2002 2002 2002 2002 2002 2002 by Period Repurchase Agreements ............. ............. ..................................................-........................-..........-.......................................... . . .........................................................................-....................-.-... ...................... .............................................................................................................. . ................................................. ....................................................... ......... .... ........ .... Certificates of Deposit Commercial Paper-Interest Bearing .. . ..... . ............................. ................... ......... ........ ......... .......... .... ..................... .......... ..............--....................................................-.......... ......................... . ......................................................... .............-.................... ......................................... ......................................... ......... ..... ........ Federal Agency Issues-Coupon 43.5 42.7 40.4 39.6 39.5 40.0 41.7 40.5 44.6 44.7 46.4 42.4 42.5 42.2% ....... .... .........................................................................................................................-........................................................ ......................................................................... - ---.......................................................................................- ........... ................................................................................ Local Agency Investment Funds 32.0 28.3 35.0 36.0 36.6 35.5 31.7 35.8 34.6 34.7 34.9 29.8 28.4 33.3% ------- .....................------- --------- Treasury Securities-Coupon 4.9 5.2 5.3 3.6 3.7 3.6 3.6 3.6 3.7 3.7 3.6 3.5 3.7 4.00/ . ...... .................................. ........................ .................................. ........................ .................................................... .... ........ ............................................... ..............---................- . ......... ............................................................................... --.............. ........... .......................... ........ ................. Medium Term Notes 11.5 12.4 12.5 11.2 11.4 11.3 11.3 11.2 11.6 11.4 11.3 11.0 8.7 11.30/, ......... . ..................................................................................................-..........----................ ............ ................... ................................................ .......................................................................----............. . ................................................................................................. ............. ................................-..-........................................................... Negotiable CD's ----------- Certificates of Deposit-Bank .... ............................................--.........................--................................... ........... .........- ................ ................................................................................................. .................... .. ........... ........................................................................ ............. .................................................................................................- Mortgage Backed Securities . ...... . ............. ................................................................................................................................................................- ..................... .................................................... ..................................................................................................... ....................... ..........................................................- .................................... ................ Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 6.6 9.7 5.1 5.2 5.3 5.4 9.9 7.2 3.7 1.8 5.3 8.3 5.7% .......... ................ ........................................................................................................-.-......................................................... .................... ---- ............- ........... ....... ....................................................................--.......... ........... ....................................................................................... ............---............... . ........ Federal Agency Disc.-Amortizing 1.6 1.7 1.8 4.5 3.6 3.6 1.8 1.8 1.8 3.8 3.8 6.2 6.5 3.3% ... .. . ........... ........... ............... ...... ........... .... ......................................................................................-...................................................... . ............. .............. ........... ....................................... ...................-....................... .......... ...................... ...............................................................................................................- ....................... .... Treasury Discounts-Amortizing 1.8 1.9 0.3% ------------- -- -------- Miscellaneous Discounts-Amortizing .. ........ ..I..._.. -............ .......... .............................................................. ................. Rolling Repurchase Agreements 0.6 0.1% .. ............... .......................... ........... ............. .. . ....... .................... .... ........................... ............................ .................................................. ............. ...... . .............. .......................................................... .......... Portfolio CITY AP Run Date:07110/2002-16:53 PM(PRF-PM5)SymRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 6/30/2002 I, Carrying Cost Plus # De_s�criptio„n Accrued Interest Purch. Amortized Cost Fair Value Accrued Interest United States Treasury: Bills $ 1,388,215,693.60 $ 1,390,715,582.51 $ 1,390,787,000.00 NA Notes $ 6,888,710,356.38 $ 6,878,463,015.42 $ 6,939,088,500.00 $ 86,215,803.00. Federal Agency: SBA $ 260,385,620.52 $ 260,349,772.23 $ 259,767,835.53 $ 998,602.38. MBS $ 652,756,630.75 $ 652,756,630.75 $ 662,794,046.70 $ 3,332,388.94. Bonds $ 4,313,767,294.00 $ 4,309,406,877.33 $ 4,353,319,626.75 $ 54,244,332.17 Floaters $ - . $ - $ - $ - Discount Notes $ 5,032,150,606.86 $ 5,056,837,652.17 .$ 5,060,957,650.40 NA FHLMC PC $ 7,195,466.06 $ 7,195,466.06. $ 7,858,916.07 $ 115,699.04 GNMA $ 761,237.64 $ . 761,237.64 $ 878,263.84 $ 7;550.42 Bankers Acceptances $ - $ - $ - NA Bank Notes $ 1,250,000,000.00 $ 1,250,000,000.00 $ 1,250,066,217.50 $ 2,064,805.54 CDs $ 5,805,082,520.92 $ 5,805;082,520.92 $ 5,805,247,753.00 $ 14,524,880.54 Commercial Paper $ 12,164,704,447.20 $ 12,195,828,387.75 $ 12,199,560,734.12 NA Corporate: Floaters $ 550,492,077.50 $ 550,492,077.50 $ 547,115,899.72 $ 1,493,807.14 Bonds $ 1,937,390,155.05 $ 1,930,954.,867.92 $ 1,944,172,369.07 $ 30,005,111.34 Repurchase Agreements $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 5,177,695,000.00 $ 5,177.;695;000.00 $ 5,177,695,000.00 NA AB 55&GF Loans $ 2,290,245,380.74 $ 2,290,245.,380.74 $ 2,290,245,380.74 NA TOTAL $ 47,719,552,487.22 $ 47,756,784,468.94 $ 47,889,555,193.44 $ 193,002,980.51 Fair Value Including Accrued Interest $ 48,082,558,173.95 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(1.002780144). 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$20,055,602.87 or$20,000,000.00 x1.002780144. Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of June 30,2002 Summary of investments by type Market Value Market Value Par Value Investment Type as of 5/31/02 as of 6/30/02 1,247,776 Local Agency Investment Fund(LAIF) 4,778,403 1,247,776 35,664,775 Investment Agreements 35,664,775 35,664,775 2,287,952 Federal Government Agency 2,182,923 2,122,782 3,441,812 Money Market Funds 1,974,797 3,441,812 10,100,317 US Treasury Securities 10,092,808 10,100,067 52,742,632 54,693,705 52,577,21 1 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 5/31/02 as of 6/30/02 28,132,295 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 28,895,860 27,967,125 2,703,002 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) 2,702,925 2,703,002 3,034,227 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 5,695,764 3,034,227 4,602,912 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility, Energy Retrofit) 3,159,353 4,602,912 814,566 City of Huntington Beach- 1999 Tax Allocation Refunding Bonds 807,050 814,316 2,125,694 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 2,124,353 2,125,694 170,482 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 168,519 170; 0 City of Huntington Beach- 1993 Refunding COP(Police Administration Bldg. Refinance Project) 85 U 0 City of Huntington Beach-1993 Refunding COP(Civic Center Refinance. Refinance Project) 182 0 8,968,829 Huntington Beach Public Finance Authority-Revenue Bonds 1992 Series, Escrow Account 8,968,829 8,968,829 1,991,046 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 1,990,994 1,991,046 113,637 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 113,497 113,637 85,942 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 66,295 85,942 0 City of Huntington Beach-Community Facilities District No. 1990-1 (Goldenwest/Ellis Area) 0 0 52,742,632 54,693,706 52,577,211 4 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2002 Beginning Distributions/ balance Contributions/ Transfers/ Earnings Ending Balance (12-31-01) Transfers Payments (change in value) Other (3-31-02) ICMA Retirement Corporation (457 Plan) $15,916,593 $304,558 ($256,936) ($13,299) ($37,591) $15,913,325 ICMA Retirement Corporation (401 Plan) $69,432 $19,417 $0 ($165) $0 $88,68 " Nationwide Retirement Solutions $40,044,069 $989,241 ($953,542) $312,601 $0 $40,392,368 Trust Deeds $518,539 $0 $0 $0 $0 $518,539 Total 457 & 401 Plan Balances $56,548,633 $1,313,216 __($1,210,478) $299,137 ($37,591) $56,912,916 i RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: June 2002 Investment Summary Report COUNCIL MEETING DATE: August 5, 2002 RCA ATTACHMENTS = { £ ;STATUS. Ordinance (w/exhibits & legislative draft if applicable Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attome Not Applicable Subleases, Third Party Agreements, etc. Approved as to form by City Attome Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over$5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable , EXPLANATION FOR MISSING A-TTACHMENTS , REVIEWED RETURNED501M RDEb Administrative Staff ) Assistant City Administrator Initial City Administrator Initial City Clerk C� EXPLANATION FOR:RETURN OF ITEM-:-- (Below Space For City Clerk's Use Only) RCA Author: x c c Treasurer's Report-Shari L.Freidenrich, CPA, CCMT —a q 7- June Treasurer's Report o� Oj CD IM s Shari L. Freidenrich, CPA, CCMT August 5, 2002 Slide 1 Treasurer's Report-Shari L. Freidenrich, CPA, CCMT Investment Balance Trends Portfolio Balances by Type $18861M $102M $111117M 1�11 t24M I$11110M I$11 t08M 100% v v v V v V ■US Treas 80% ■Med Notes ®LAIF 60% 9 Fed Ag. 40% I]CP ■BA 20% O Repur. 0% Slide 2 Jun-98 Jun-99 Jun-00 Jun-01 Mar-02 Jun-02 (,�T� CDMWVNI CAtv ru C r 3 Treasurer's Report-Shari L.Freidenrich, CPA, CCMT Investment Percentages By Type of Investment Federal Agency Issues ** " Coupon 430% i s y N LAW 3 r 28% " a Disc.Treas erm Securities es Slide 3 2% ies 9% ° 4% Treasurer's Report-Shari L. Freidenrich, CPA, CCMT Liquidity Investment Maturities by Days, Ending June 2001/2002 01 Day 40% 34% 32% 0 2-180 Days E.5-1 Yr. 30% 20% 17% ®1 - 1.5Yr. 20% % 41%. 4% 50/ ®1.5-2 Yr. ❑2 -3Yr. 10% ®3-4Yr. 0% El4-5Yr. 18% 8% 13% 13% 7% 9% 6% Slide 4 2001 2002 Treasurer's Report-Shari L.Freidenrich, CPA, CCMT All Funds Estimated Net Cash Flow and Maturing Investments - Next 6 Months $9,000,000 ®_ $6,000,000 2 697 541 $773 272 $3,000,000 $0 ' ($3,000,000) ($57,066) ($6,000,000) $4,319,976) ($3,159,046) ($9,000,000) ($12,000,000) Jul-02 Aug-02 Sep-02 Oct-02 Nov-02 Dec-02 11111111119MUS071F.Illi-o-w-1 O Matuhng Investments Slide 5 Treasurer's Report-Shari L. Freidenrich, CPA, CCMT Investment Yields Trends 0 LAIF/T-Bill Ave. 0 Actual — LAIF 8.00% 6.15% 7.00% 6.00% 4:82% 4.66% 4.57% a 5.00/o % 2.71% 2.57% - 2.260 4.00% 3.00% 2.00% 1.00% 0.00% Jun-01 Dec-01 Mar-02 Jun-02 Slide 6 Treasurer's Report-Shari L.Freidenrich, CPA, CCMT Summary of Investment by City Fund June 30, 2002 $a7,66s IGeneira 73 w �CapiEal ��Debf�3erv1 $a,1B ®Enterpnse,. ®:Internal Service'x $8,61 qs®Ficiuciaiy' Sp�al Revenue, 7 $8,113 $20,116 Treasurer's Report-Shari L.Freidenrich, CPA, CCMT Summary • Recommendation to City Council Slide 8 City of Huntington Beach Companies/Funds Co Name Co Name Co Name JCo Name JCo Name Government Funds Enterprise Funds Special Revenue Funds 00100 General Fund 00500 Cultural Affairs Fund 00201 Air Quality Fund 00828 Abc 98/99 Grant 00870 HCD 2007/2008 00101 Special Events 00501 CUPA 00202 Pier Plaza Fund 00829 Used Oil Grant 00871 HCD 2008/2009 00102 Res Economic Uncertainty 00502 Fire Medical Program 00203 Community Relations 00830 Cops More 98 00872 HCD 2009/2010 00103 Donation Fund 00503 Emerald Cove 00204 Fourth of July Parade 00831 97/98 Bus Stop Impr Phase II 00873 Octa/Cip Grant 00105 Private Project Self Suff 00504 Refuse Collection Service 00205 Library Service 00832 Gates Learning Foundation 00874 Domestic Violence 98/99 00106 Interest Allocation 00505 Systems Fund 00206 Traffic Impact 00833 State Family Literacy 2000/01 00875 Saav 00107 Evidence Seizure 00506 Water 00207 Gas Tax Fund 00834 State Literacy Matching 98/99 00876 Universal Hiring Grant 00108 Underground Utilities 00507 Water Master Plan 00208 Public Communications 00835 State Family Literacy 99/2000 .00877 Supp Law Enf Svcs 99/00 00110 Donations Rec&Human Services 00508 Wocwb 00209 Park Acquisition and Developme 00836 State Lit Matching 00/01 00878 Caltrans TSM Grant 00111 Donations Nature Center 00509 Refuse Education 00210 Sewer 00837 Young Adult Book Grant 00879 PCH Warner CC1012 00112 Donations Senior Center 00510 Ocean View Estates MHP 00211 Drainage 00838 Jail Training Grant 00880 Library equipment 00113 Donations Oakview Center 00511 Sewer Service Fund 00212 Narcotics Forfeiture Fed 00839 Fhwa Grant 1999/2000 00881 Gates Learning Foundation Trng 00114 Donations Clubhouses Internal Service Funds 00213 Measure M Fund 00840 Oil Spill Grant 00883 OCSD Grant 00115 Donations Senior Outreach 00512 Retiree/Cobra Insurees 00214 Narcotic Forfeiture/State 00841 Beach Blvd Cc828 00884 Section 108 Loans 00116 Donations Arts&Cultural 00550 Self Insurance Medical 00215 Rehab Loans 00842 Federal Seizmic Grant 00885 Speed Enforcement Grant 99100 00117 Donations Beach Maintenance 00551 Self Insurance Wkrs Comp 00801 Supp Law Enf Svcs 98199 00843 Home Program 95 00886 DNA Consortium Grant 00/01 00118 Donations Dog Park 00552 Self Insurance Liability 00802 Suppl Law Enforce Svc 97/98 00844 Home Program 96 00887 Available 00119 Donations Library 00553 Equipment Replacement 00803 Sho Grant 98/99 00845 Home Program 97 00888 Supplemental Law Enfrc 00/01 00120 Donations Oakview 00554 Equip Rep Supplemental 00804 ABC 99/00 00846 Home Program 98 00889 Tech Program Grant 00121 Donations Literacy Program 00555 Narc Fort/Helicopter Rep 00805 Sho Grant 99/00 00847 Home Program 2000 00890 T.E.A.Grant ' 00122 Donations Jail Special Account Groups 00806 Ccap 94/95 00848 Home Program 1999 00891 Used Oil Recycing Grant 00/01 00123 Donations Best Program 00650 Gen Fixed Assets Acct Grp 00807 SCE Traffic Rebate 00849 Home Program 2001 00892 Storm Water Quality 00124 Donations Human Task Force 00651 Gfaag Redevelopment Agcy 00808 Pvea 94/95 00850 Home Program 2002 00893 Medical Response System Capital Funds 00652 Gltd Acct Group Hbpfa 00809 AQMD/AES Grant 00851 Home Program 2003 00894 WMD-DHHS 00301 Capital Improvement Fund 00653 Gfaag CNOA 00810 Blufftop Park 00852 Home Program 2004 00895 2000 State Park Bond 00302 Library Development 00654 Gltdag Rda Hb Proj 00811 Bike Trails 95/96 00853 Home Program 2005 00896 B.J.A.99/00 00303 Mello-Roos 1990-1-Cap Prj 00655 Gltdag Hbcic 00812 Growth Management Grant#6 00854 Home Program 2006 00897 B.J.A.00/01 00304 Pier Rebuilding Fund 00656 Gltdag City 00813 B.J.A.98/99 00855 Home Program 2007 00898 B.J.A.01/02 00305 Rda Cap Project Area Fiduciary Funds 00814 Hes Grant 00856 HCD 94/95 00899 Family Resource Center 00306 Low Income Housing-Inc 00701 Business Improvement Dist 00815 Cops More 95 00857 HCD 95/96 00307 Holly Seacliffe Fund 00702 Retiree Ins Fund 00816 Fema Grant 00858 HCD 95/96 a I 00308 In Lieu Parking Downtown 00703 Retirement Supplement 00817 Swat Training Fund 00859 HCD 96/97 } 00309 Tower Zero&Pier Bldg 00704 Fire Jpa Fund 00818 Suppl Law Enforce Svcs 96/97 00860 HCD 97/98 00310 Jail Program 00705 Deferred Compensation 00819 Bureau of Justice Admin 1996 00861 HCD 98/99 00311 American Trader Oil Spill Fund 00706 Deposit and Trust 00820 Traffic Safety Grant 1996/97 00862 HCD 2000/2001 Debt Service Funds 00707 Employee's Rate Contingency 00821 F.E.T.S.I.M.Grant 00863 HCD 1999/2000 I 00401 Debt Svc Hbpfa 00708 Affordable Housing Reimb 00822 S.H.O.Grant 97-98 00864 HCD 2001/2002 00402 Debt Svc Res Hill "R 00823 Cops More 96 00865 HCD 2002/2003 00403 Debt Svc 1993-B Cic Cops :.00824 C.L.E.E.P.1999/00 00866 HCD 2003/2004 00404 Debt Svc 1993-A Cic Cops 00825 Traffice Grant 1998/99 00867 HCD 2004/2005 A 00406 Debt Svc Mello Roos L 00826 Bike Trails 96/97 00868 HCD 2005/2006 00407 Rda Hb Debt Svc Project Area = _ 00827 97/98 Bus Stop Im r Phase 1 00869 HCD 2006/2007 As of June 30, 2002 TIAW Council/Agency Meeting Held: O-L Deferred/Continued to: Ap roved ❑ Conditionally Approved ❑ Denied DW- City Cle s Signature T Council Meeting Date: July 15, 2002 Department ID Number: C-)2-13 o � c CITY OF HUNTINGTON BEACH - REQUEST FOR COUNCIL ACTION D v SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS w z N D SUBMITTED BY: SHARI L. FREI DEN RICH, City Treasure PREPARED BY: SHARI L. FREIDNERICH, City Treasurer SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MAY 2002 INVESTMENT SUMMARY REPORT [statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for May 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for May 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's . . - Number No. Description 1. Monthly Investment Report and Summary of Investments for May, 2002. 2 Sche&—:1-- of Bond Investments 3. Deferred Compensation Plan Summary Information Monthly Investment Report and Summary of Investments for May 2002 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for May, 2002 City Investment Portfolio: April May Inc./(Dec.) End of month City Portfolio Balance $110,018,757 $113,300,209 $3,281,452 Earned Interest Yield Average 4.63% 4.35% -0.28% Average Maturity ( in days) 513 468 -45 End of Month Market Value $111,350,566 $114,644,128 $3,293,562 End of month bank cash balance $4,651,846 $4,889,712 $237,866 Bond Proceeds Investments: April May Inc./(Dec.) End of Month Bond Reserve Par Value $56,595,638 $54,798,493 ($1,797,145) End of Month Bond Reserve Market Value $56,466,618 $54,693,705 ($1,772,913) Deferred Compensation Investments:* 12/31/2001 3/31/2002 Inc./(Dec.) Participant Balances $56,548,633 $56,912,916 $364,283 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $333,333 $408,768 $75,435 Interest Earned Year to Date $2,666,664 $3,351,860 $685,196 Earned Interest Yield Year to Date 4.50% 4.62% 0.12% *Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days I nt. May % of Total Policy Limit to Mat. Rate Federal Agy Issues- Coupon $48,071,408 42% None 952 5.43% Local Agency Inv. Fund (LAIF) $33,802,979 30% $40 million 1 2.74% Treasury Securities- Coupon $4,000,570 4% None 246 5.65% Medium Term Notes $12,459,435 11% 20% 453 6.55% Commercial Paper-Amortizing $5,990,809 5% 25% 31 1.79% Federal Agy Issues-Amortizing $6,978,219 6% None 54 1.99% Treasury Securities-Amortizing $1,996,789 2% None 34 1.73% $113,300,209 100% RECENED FROM ANDMADEAI3WT0F FE=VA COUNCIL MEETING OF OFRCEOF CRYC CONNE BROCKWAY,CITY CL8K rrEM at C J Ivy I9 / GQ�r C7 ►-'- O City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary May 31, 2002 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 48,105,000.00 48,961,892.50 48,071,407.87 42.43 1,495 952 5.360 5.434 Local Agency Investment Funds 33,802,979.04 33,802,979.04 33,802,979.04 29.83 1 1 2.702 2.740 Treasury Securities-Coupon 4,000,000.00 4,082,200.00 4,000,569.77 3.53 1,300 246 5.576 5.654 Medium Term Notes 12,481,000.00 12,826,296.65 12,459,435.56 11.00 1,323 453 6.462 6.551 Commercial Paper Disc.-Amortizing 6,000,000.00 5,991,400.00 5,990,808.88 5.29 44 31 1.760 1.785 Federal Agency Disc.-Amortizing 7,000,000.00 6,982,600.00 6,978,218.60 6.16 145 54 1.958 1.985 Treasury Discounts-Amortizing 2,000,000.00 1,996,760.00 1,996,788.89 1.76 50 34 1.704 1.728 Investments 113,388,979.04 114,644,128.19 113,300,208.61 100.00% 838 468 4.232 4.290 Cash and Accrued Interest Accrued Interest at Purchase 833.33 833.33 Subtotal 833.33 833.33 Total Cash and Investments 113,388,979.04 114,644,961.52 113,301,041.94 838 468 4.232 4.290 Total Earnings May 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 408,768.04 3,351,859.84 Current Budget 333,333.33 2,666,666.64 4,000,000.00 Last Year Actua;- 575,268.41 3,987,052.45 6,375,940.94 Average Daily Balance 110,728,005.96 109,021,939.15 Effective Rate of Return 4.35% 4.62% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 17,2001. 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 prov ied by Union Bank via Merrill Lynch and J.J.Kenney pricing services. (,-Z8- 01 �WAI L. REI ICH,CITY TREASURER Portfolio CITY AP Run Date:06/28/2002-15:25 PM(PRF_PM1)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments May 31, 2002 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 31331LWC8 3053 Federal Farm Credit Bank 12/17/2001 1,000,000.00 1,005,630.60 1,000,000.00 3.490 AAA 3.490 564 12/17/2003 3133M2SMO 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 1,023,750.00 1,600,000.00 6.200 AAA 6.200 212 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 1,024,690.00 1,000,000.00 6.215 AAA 6.215 220 01/07/2003 3133M7NM4 2871 Federal Home Loan Bank 03/05/1999 1,000,000.00 1,008,750.00 1,000,000.00 5.390 AAA 5.390 96 09/05/2002 3133M5QB9 2874 Federal Home Loan Bank 02/2211999 1,000,000.00 1,029.380.00 997,109.03 5.125 AAA 5.380 471 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,035,000.00 1,000,861.75 5.630 AAA 5.546 458 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105.060.00 1,140,912.50 1,106,461.78 5.690 AAA 5.540 383 06/19/2003 3133M8UR3 2898 Federal Home Loan Bank 06/07/1999 1,000,000.00 1,000,310.00 1,000,000.00 6.000 AAA 6.000 737 06/07/2004 3133MAWZ8 2942 Federal Home Loan Bank 03/07/2000 1,000,000.00 1,039,380.00 1,000,000.00 7.440 AAA 7.440 1,010 03/07/2005 3133MBKR7 2951 Federal Home Loan Bank 06/05/2000 1,000,000.00 1,000,310.00 1,000,000.00 7.625 AAA 7.625 369 06/05/2003 3133MBT49 2960 Federal Home Loan Bank 07/26/2000 1,000,000.00 1,007,810.00 1,000,000.00 7.200 AAA 7.200 786 07/26/2004 3133MCA96 2973 Federal Home Loan Bank 10/11/2000 1,000,000.00 1,018,130.00 1,000,000.00 7.000 AAA 7.000 1,228 10/11/2005 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,093,120.00 2,000,000.00 6.330 AAA 6.330 1,290 12/12/2005 3133MCRQO 2988 Federal Home Loan Bank 01/17/2001 1,000,000.00 1,023,750.00 1,000,000.00 6.030 AAA 6.030 1,326 01/17/2006 3133MDBB8 2996 Federal Home Loan Bank 02/27/2001 1,000,000.00 1,008,440.00 1,000,000.00 5.550 AAA 5.550 818 08/27/2004 3133MDR96 2999 Federal Home Loan Bank 03/30/2001 1,000,000.00 1.011,250.00 1,000,000.00 5.340 AAA 5.340 852 09/30/2004 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,017,810.06 1,000,000.00 5.250 AAA 5.250 1,571 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,020,310.00 1,000,000.00 5.000 AAA 5.000 1,213 09/26/2005 3133MKND5 3054 Federal Home Loan Bank 12/27/2001 1,000,000.00 1,010,940.00 1,000,000.00 4.610 AAA 4.610 1,122 06/27/2005 3133MMQN6 3068 Federal Home Loan Bank 04/11/2002 2,000,000.00 2,020,620.00 2,000,000.00 5.010 AAA 5.010 1,228 10/11/2005 3133MNRQ6 3076 Federal Home Loan Bank 05/28/2002 1,000,000.00 1,006,560.00 1,600,000.00 4.540 AAA 4.540 1,276 11/28/2005 312923CU7 2989 Federal Home Loan Mort Corp 01/18/2001 1,000,000.00 1,004,220.00 1,000,000.00 5.320 AAA 5.320 47 07/18/2002 312923WL5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000,000.00 1,021,480.00 1,000,000.00 5.530 AAA 5.530 1,423 04/24/2006 3129236135 3031 Federal Home Loan Mort Corp 07/26/2001 1,000,000.00 1,005,630.00 1,000,000.00 5.700 AAA 5.700 1,516 07/26/2006 3129236G5 3033 Federal Home Loan Mort Corp 07/26/2001 1,000,000.00 1,005,630.00 999,740.45 5.700 AAA 5.707 1,516 07/26/2006 312924MC4 3044 Federal Home Loan Mort Corp 10/17/2001 1,000,000.00 1,004,080.00 1,000,000.00 3.310 AAA 3.310 503 10/17/2003 312925AT7 3069 Federal Home Loan Mort Corp 03/19/2002 1,000,000.00 1,006,560.00 985,002.09 5.000 AAA 5.361 1,746 03/13/2007 31364C4D7 2800 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,007,230.00 999,743.45 6.150 AAA 6.320 65 08/05/2002 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,045,380.00 1,000,000.00 5.910 AAA 5.909 657 03/19/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,047,620.00 994,285.61 6.000 AAA 6.343 716 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1.052,500.00 1,000,000.00 7.300 AAA 7.300 1,150 07/25/2005 31364KVC1 2966 Fed.Nat'l Mort.Assoc. 09/13/2000 1,000,000.00 1,014,060.00 1,000,000.00 7.000 AAA 7.000 1,200 09/13/2005 31364KYH7 2976 Fed.Nat'l Mort.Assoc. 11/09/2000 1.000,000.00 1,019,380.00 1,060,000.00 6.500 AAA 6.500 524 11/07/2003 31364K5LO 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,034,060.00 1,000,000.00 5.550 AAA 5.550 1,384 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,027,500.00 1,000,000.00 5.300 AAA 5.300 1,397 03/29/2006 3136FOEW8 3009 Fed.Nat'l Mort.Assoc. 04/23/2001 1,000,000.00 1,024,380.00 999,756.83 5.510 AAA 5.517 1,416 04/17/2006 Portfolio CITY AP Run Date:06/28/2002-15:25 PM(PRF_PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments May 31, 2002 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 3136FOJP8 3011 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,027,190.00 1,000,000.00 5.625 AAA 5.625 1,444 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1,025,940.00 996,028.43 5.550 AAA 5.666 1,445 05/16/2006 3136FO3EO 3046 Fed.Nat'l Mort.Assoc. 11/19/2001 1,000.000.00 999,690.00 1,000,000.00 3.625 AAA 3.625 902 11/19/2004 3136FO4Z2 3051 Fed.Nat'l Mort.Assoc. 11/16/2001 1,000,000.00 990,630.00 996,927.71 3.400 AAA 3.533 898 11/15/2004 3136F1CF5 3055 Fed.Nat'l Mort.Assoc. 12/27/2001 2,000,000.00 2,000,620.00 2,000.000.00 2.350 AAA 2.350 209 12/27/2002 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,012,500.00 1,000,000.00 5.010 AAA 5.010 1,719 02/14/2007 3136171JX9 3065 Fed.Nat'l Mort.Assoc. 02/15/2002 1,000,000.00 1,006,880.00 995,490.74 4.100 AAA 4.279 990 02/15/2005 3136F1MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,007,500.00 1,000,000.00 4.350 AAA 4.350 1,181 08/25/2005 3136F1 WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,024,380.00 1,000,000.00 5.350 AAA 5.350 1,776 04/12/2007 Subtotal and Average 47,876,945.77 48,105,000.00 48,961,892.50 48,071,407.87 5.434 952 Local Agency Investment Funds SYS982 982 Laif City 19,865,753.23 19,865,753.23 19,865,753.23 2.740 NR 2.740 1 SYS2206 2206 LAIF-Redevelopment Agency 13,937,225.81 13,937,225.81 13,937,225.81 2.740 NR 2.740 1 Subtotal and Average 37,696,527.43 33,802,979.04 33,802,979.04 33,802,979.04 2.740 1 Treasury Securities-Coupon 9128274K5 2875 United States Treasury Note 02/22/1999 1,000,000.60 1,031,880.00 1,002,557.03 5.315 AAA 5.106 394 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,032,500.00 998,054.66 5.250 AAA 5.431 440 08/15/2003 9128273C4 2897 United States Treasury Note 05/17/1999 1,000,000.00 1,006,880.00 1,000,792.59 6.060 AAA 5.464 60 07/31/2002 9128273G5 2945 United States Treasury Note 03/28/2000 1,000,000.00 1,010,940.00 999,165.49 6.250 AAA 6.615 91 08/31/2002 Subtotal and Average 4,000,661.40 4,000,000.00 4,082,200.00 4,000,569.77 5.654 246 Medium Term Notes 046003JP5 2857 Associated Corp. 11/06/1998 1,000,000.00 1,004,430.00 1,000,253.48 5.875 Aa3 5.640 44 07/15/2002 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,025,290.00 995,680.21 5.400 Aaa 5.700 611 OV02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 507,286.65 473,252.15 6.250 Aa3 6.800 1,279 12/01/2005 201615DG3 2965 Citifinancial 09/12/2000 1,000,000.00 1,012,440.00 998,565.86 6.375 Aa3 6.915 106 09/15/2002 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000,000.00 1,032,710.00 996,387.89 6.267 Aaa 6.620 417 07/23/2003 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1.000,000.00 1.051,330.00 1,002,531.45 6.810 Aaa 6.610 520 11/03/2003 580135CA7 2851 McDonald's 06/30/1998 1,000,000.00 1,001,920.00 1,000,026.56 6.000 Aa2 5.950 22 06/23/2002 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,081,780.00 998,695.89 7.500 Aa3 7.559 986 02/11/2005 84534ECS5 2827 Southwestern Bell 01/12/1998 1,000,000.00 1,012,430.00 999,568.35 5.730 Aa2 5.858 142 10/21/2002 17306EAC8 2955 Citigroup 06/06/2000 2,000,000.00 2,000,300.00 1.999,995.97 7.450 Aa2 7.466 5 06/06/2002 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,036,760.00 998,478.52 5.750 Aa2 5.795 1,439 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,059.620.00 995,999.23 6.700 Al 6.920 751 06/21/2004 Portfolio CITY AP Run Date:06/28/2002-15:25 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments May 31, 2002 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 12,458,934.71 12,481,000.00 12,826,296.65 12,459,435.56 6.551 453 Commercial Paper Disc.:Amortizing 36959JG15 3080 General Electric Capital Corp 05/23/2002 2,000,000.00 1,997,280.00 1,997,083.33 1.750 Aaa 1.778 30 07/01/2002 71708FFUl 3083 Pfizer,Inc. 05/23/2002 2,000,000.00 1,997,560.00 1,997,405.00 1.730 A1+ 1.757 27 06/28/2002 7954W1G80 3074 Salomon Smith Barney 05/13/2002 2,000,000.00 1,996,560.00 1,996,320.55 1.790 Al 1.820 37 07/08/2002 Subtotal and Average 2,382,468.40 6,000,000.00 5,991,400.00 5,990,808.88 1.785 31 Federal Agency Disc.-Amortizing 313385YY6 3073 Federal Home Loan Bank 05/14/2002 1,000,000.00 998,500.00 998,394.44 1.700 AAA 1.728 34 07/05/2002 313385YWO 3075 Federal Home Loan Bank 05/14/2002 1,000,000.00 998,600.00 998,488-89 1.700 AAA 1.728 32 07/03/2002 13397YV7 3079 Federal Home Loan Mort Corp 05/16/2002 1,000,000.00 998,600.00 998,501.66 1.740 AAA 1.768 31 07/02/2002 313397YV7 3081 Federal Home Loan Mort Corp 05/23/2002 1,000,000.00 998,600.00 998,544.72 1.690 AAA 1.717 31 07/02/2002 313589C27 3072 Fed.Nat'l Mort.Assoc. 03/26/2002 1,000,000.00 996,500.00 995,777.78 2.000 AAA 2.044 76 08/16/2002 313397D65 3043 Federal Nat'l Mort.Corp. 09/20/2001 2,000,000.00 1,991,800.00 1,986,511.11 AAA 2.457 88 08/28/2002 Subtotal and Average 5,282,233.12 7,000,000.00 6,982,600.00 6;978,218.60 1.985 54 Treasury Discounts-Amortizing 912795KQ3 3078 United States Treasury Note 05/16/2002 2,000,000.00 1,996,760.00 1,696,788.89 1.700 AAA 1.728 34 07/05/2002 Subtotal and Average 1,630,235.13 2,000,000.00 1,996,760.00 1,996,788.89 1.728 34 Rolling Repurchase Agreements SYS00-2001b 01-2002 Union Bank 10/02/2001 0.00 0.00 0.00 1.100 1.115 1 Subtotal and Average 0.00 0.00 0.00 0.00 0.000 1 Total and Average 110,728,005.96 113,388,979.04 114,644,128.19 113,300,208.61 4.290 468 Portfolio CITY AP Run Date:06/28/2002-1 5:25 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 5 Portfolio Details -Cash May 31, 2002 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 833.33 833.33 0 Subtotal 833.33 833.33 Total Cash and Investmentss 110,728,005.96 113,388,979.04 114,644,961.52 113,301,041.94 4;290 468 Portfolio CITY AP Run Date:06/28/2002•15:25 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 6 Activity By Type May 1, 2002 through May 31, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331HWT0 2892 Federal Farm Credit Bank 5.250 05/01/2002 0.00 1,000,000.00 3133M8LR3 2889 Federal Home Loan Bank 5.625 05/10/2002 0.00 1,000,000.00 3133MNRQ6 3076 Federal Home Loan Bank 4.540 05/28/2002 1,000,000.00 0.00 312923ZY4 3017 Federal Home Loan Mort Corp 5.700 05/09/2002 0.00 998,231.16 31364GM63 2890 Fed.Nat'l Mort.Assoc. 5.780 05/05/2002 0.00 1,000,000.00 Subtotal 1,000,000.00 3,998;231.16 48,071,407.87 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 2.740 600,000.00 0.00 SYS2206 2206 LAIF-Redevelopment Agency 2.740 5,100,000.00 10,250,000.00 Subtotal 5,700,000.00 10,250,000.00 33,802,979.04 Treasury Securities-Coupon Subtotal 4,000,569.77 Medium Term Notes Subtotal 12,459,435.56 Commercial Paper Disc.-Amortizing 36959JG15 3080 General Electric Capital Corp 1.750 05/23/2002 1,996,208.33 0.00 71708FFUl 3083 Pfizer,Inc. 1.730 05/23/2002 1,996,540.00 0:00 7954W1G80 3074 Salomon Smith Barney 1.790 05/13/2002 1,994,431.11 0.00 Subtotal 5,987,179.44 0.00 5,990,808.88 Federal Agency Disc.-Amortizing 313313WQ7 3071 Federal Farm Credit Bank 1.790 05/10/2002 0.00 1,160,000.00 313385YY6 3073 Federal Home Loan Bank 1.700 05/14/2002 997,544.44 0.00 313385YWO 3075 Federal Home Loan Bank 1.700 05/14/2002 997,638.89 0.00 13397YV7 3079 Federal Home Loan Mort Corp 1.740 05/16/2002 997,728.33 0.00 313397YV7 3081 Federal Home Loan Mort Corp 1.690 05/23/2002 998,122.22 0.00 Subtotal 3,991,033.88 1,160,000.00 6,978,218.60 Treasury Discounts-Amortizing 912795KQ3 3078 United States Treasury Note 1.700 05/16/2002 1,995,277.78 0.00 Subtotal 1,995,277.78 0.00 1,996,788.89 Portfolio CITY AP Run Date:06/28/2002-15:25 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity By Type May 1, 2002 through May 31, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Rolling Repurchase Agreements Subtotal 0.00 Total 18,673,491.10 15,408,231.16 113,300,208:61 Portfolio CITY AP Run Date:06/28/2002-15:25 PM(PRF_PM3)SynnRept V6.21 City of HB Portfolio Management Page 8 Activity Summary May 2001 through May 2002 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 2001 86 125,735,513.10 5.679 5.758 5.328 21 15 788, 489 June 2001 81 126,800,495.90 5.558 5.635 4.958 8 13 7991. 485 July 2001 79 121,645,128.94 5.415 5.490 4.635 21 23 841 513 August 2001 72 110,517,156.02 5.362 5.436 4.502 10 17 833 500 September 2001 67 110,925,431.97 5.049 5.11'9 4.288 .17 21 836 534 October 2001 67 109,164,557.55 5.033 5.103 4.288 4 4 832 516 November 2001 68 107,728,573.17 4.685 4.750 3.526 6 5 827 508 December 2001 70 109,005,141.93 4.503 4.565 3.261 7 5 825 493 January 2002 68 110,328,920.19 4.404 4.466 3.068 4 6 809 468 February 2002 69 108,193,466.33 4.503 4.566 2.967 4 3 874 504 March 2002 70 108,022,090.63 4.462 4.524 2.861 3 2 876 494 April 2002 70 108,878,225.21 4.496 4.558 2.845 2 2 907 513 May 2002 74 110,728,005.96 4.232 4.290 2.740 9 5 838 468 Average 72 112,926,618.15 4.875% 4:943% 3.790 9 9 837 499 Portfolio CITY AP Run Date:06/28/2002-15:25 PM(PRF_PM4)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type May 2001 through May 2002 May June July August September October November December January February March April May Average Security Type 2001 2001 2001 2001 2001 2001 2001 2001 20.62 2002 2602 2002 2002 by Period RepurchaseA .................. ..._ . ......... ..-- ..................................................................... .................... ......... ........... ...... ........ ............ Certificates of Deposit Commercial Paper-Interest Bearing . ....... ---...--_- ..._....... .... . . ... .......... ......... ...... ......... ................. ........... . ......... ......... ......... ......... ........- ......... ........- .._......... ................. ......... . ...._..... Federal Agency Issues-Coupon 44.5 43.5 42.7 40.4 39.6 39.5 40.0 41.7 40.5 44.6 44.7 46.4 42.4 42.3% ....._ .... .... ....... ........ .... ---. ......... _._..... .. .._..................._.__.... ._.. Local Agency Investment Funds 30.8 32.0 28.3 35.0 36.0 36.6 35.5 31.7 35.8 34.6 34.7 34.9 29.8 33.5% Treasury Securities-Coupon 4.6 4.9 5.2 5.3 3.6 3.7 3.6 3.6 3.6 3.7 3.7 3.6 3.5 4.0% ......... ... ......_._ ......... ...... ....... _._ .... ..... _ -- ......... ...._._... .......................................I ..._..... ._._..... ...... ......-- ..._. __.. Medium Term Notes 11.0 11.5 12.4 12.5 11.2 11.4 11.3 11.3 11.2 11.6 11.4 11.3 11.0 11.5% . ._..... ......... ._._.. ....._.. - ......... ....... ...._.. .._.._.. ......... _............................................................_..... ......... _........ ......... ._...... .._......- Negotiable CD's Certificates of Deposit-Bank . .. .... ..... . __..... .--__._. ..... - _....... ............... ........ ......-__...... ........ .. - .....__. ........ ..... _..__........__ ......... ......... ......... ......................................_- ........ ..... ... Mortgage Backed Securities .... ...._.... . .........__ .__._.... ......... ......... ......... _ -..... ....... .-__._...... Bankers Acceptances-Amortizing _ .._... --- ...... . .._.. .._ ........ ....... ........... ........__ - _.................. Commercial Paper Disc.-Amortizing 7.7 6.6 9.7 5.1 5.2 5.3 5.4 9.9 7.2 3.7 1.8 5.3 5.6% ........ .... ..... ._...._. -.. ......... ......... ........... ......_.. . - .._ ..._. .. ......... _ _..__... ......... ......... ......... .__..._ ...................... .........- .._...... _.._. . Federal Agency Disc.-Amortizing 1.5 1.6 1.7 1.8 4.5 3.6 3.6 1.8 1.8 1.8 3.8 3.8 6.2 2.9% _._...._ ..__.._. - ......... .__.... ...._... - ............ ......... ...._.... ......... ....... ..... _.. ._......_ .. .. .. ....... ....._... ......._ ......... ........_- ...._... ...... _... Treasury Discounts-Amortizing 1.8 0.1% - . - ..._.__.. _ _.. .-. - - _ __.... --- - ...-- -. _._ . __.._ - .._. Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements 0.6 - __.... 0.1% ... .... . .. ....._ ... ............... . ....._ ........--- ......... ..............._- ......... . ...... ............_ ........_-...._......-_ ........._. ....... ... ........ ......... ......... ._ ... . Portfolio CITY AP Run Date:06/28/2002-15:25 PM(PRF PMS)SymRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 05/31/2002 Description Carrying Cost Plus Fair Value Accrued Interest Accrued Interest Purch. United States Treasury: Bills $595,024,152.82 $599,247,000.00 NA Notes $5,573,030,627.94 $5,619,354,500.00 $56,849,873.00 Federal Agency: SBA $263,000,603.60 $262,466,564.44 $1,008,918.79 MBS $675,176,441.91 $683,184,935.79 $3,444,666.48 Bonds $3,913,233,684.45 $3,949,296,533.50 $40,936,757.39 Floaters $- $- $- Discount Notes $8,201,096,189.29 $8,304,554,162.70 NA FHLMC PC $7,412,871.63 $8,085,174.25 $ 119,173.38 GNMA $795,561.91 $916,222.34 $7,891.82 Bankers Acceptances $ 17,877,221.82 $ 18,026,704.43 NA Bank Notes $625,002,736.26 $625,125,507.75 $3,680,932.78 CDs $6,781,927,266.58 $6,782,818,019.03 $45,952,193.06 Commercial Paper $9,643,648,591.90 $9,671,140,565.33 NA Corporate: Floaters $630,491,541.47 $626,402,495.48 $ 1,680,054.94 Bonds $ 1,663,702,663.19 $ 1,673,944,241.14 $26,111,785.30 Repurchase Agreements $- $- NA Reverse Repurchase $(648,187,500.00) $(648,187,500.00) $(2,897,713.54) Time Deposits $5,193,195,000.00 $5,193,195,000.00 NA AB 55 & GF Loans $4,479,852,464.49 $4,479,852,464.49 NA TOTAL $47,616,280,119.26 $47,849,422,590.67 $ 176,894,533.40 Fair Value Including Accrued Interest $48,026,317,124.07 Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of May 31,2002 Summary of investments by type Market Value Market Value Par Value Investment Type as of 4/30/02 as of 5/31/02 $4,778,403 Local Agency Investment Fund(LAIF) 6,227,947 4,778,403 $35,664,775 Investment Agreements 36,037,569 35,664,775 $2,290,201 Federal Government Agency 2,172,566 2,182,923 $1,964,797 Money Market Funds 1,936,979 1,974,797 $10,100,317 US Treasury Securities 10,091,556 10,092,808 54,798,493 56,466,617 54,693,705 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 4/30/02 as of 5/31/02 $29,003,139 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 30,335,001 28,895,860 $2,702,925 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) 2,702,849 2,702,925 $5,695,764 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 5,695,610 5,695,764 $3,159,353 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility, Energy Retrofit) 3,532,104 3,159,353 $814,560 City of Huntington Beach- 1999 Tax Allocation Refunding Bonds 792,257 807,050 $2,124,353 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 2,122,844 2,124,353 $168,519 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 165,888 168,519 $85 City of Huntington Beach- 1993 Refunding COP(Police Administration Bldg. Refinance Project) 85 85 $182 City of Huntington Beach- 1993 Refunding COP(Civic Center Refinance. Refinance Project) 182 182 $8,968,829 Huntington Beach Public Finance Authority-Revenue Bonds 1992 Series, Escrow Account 8,968,829 8,968,829 $1,980,994 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 1,990,942 1,990,994 $113,497 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 113,360 113,497 $66,295 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 46,667 66,295 $0 City of Huntington Beach-Community Facilities District No. 1990-1 (Goldenwest/Ellis Area) 0 0 54,798,494 56,466,618 54,693,706 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2002 Beginning Distributions/ balance Contributions/ Transfers/ Earnings Ending Balance (12-31-01) Transfers Payments (change in value) Other (3-31-02) ICMA Retirement Corporation (457 Plan) $15,916,593 $304,558 ($256,936) ($13,299) ($37,591) $15,913,325 ICMA Retirement Corporation (401 Plan) $69,432 $19,417 $0 ($165) $0 $88,684 Nationwide Retirement Solutions $40,044,069 $989,241 ($953,542) $312,601 $0 $40,392,368 Trust Deeds $518,539 $0 $0 $0 $0 $518,539 Total 457 &401 Plan Balances $56,548,633 $1,313,216 ($1,210,478) $299,137 ($37,591) $56,912,916 r RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: May 2002 Investment Summary Report COUNCIL MEETING DATE: July 15, 2002 RCA,ATTAC-H M ENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement Unbudget, over $5,000) Not Applicable Bonds If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSINGTATTACHMENTS REVIEWED : - RE ED` FORWARD'ED Administrative Staff Assistant City Administrator Initial City Administrator Initial City Clerk - EXPLANATION FOR RETURN OF ITEM: SpaceOnly) RCA Author: City of Huntington Beach1 MID RT Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation �'Nh Activity for May, 2002 City Investment\Portfolio: April May Inc./(Dec.) End of month C4 Portfolio Balance $110,018,757 $113,300,209 $3,281,452 Earned Interest Yield Average 4.63% 4.35% -0.28% Average Maturity ( in days 513 468 -45 End of Month Market Value $111,350,566 -$114,644,128 $3,293,562 End of month bank cash balance $4,651,846 $4,889,712 $237,866 Bond Proceeds Investments: April May Inc./(Dec.) End of Month Bond Reserve Par Value $56,595,638 $54,798,493 ($1,797,145) End of Month Bond Reserve Market Value $56,466,618 $54,693,705 ($1,772,913) Deferred Compensation Investmen\quarterly 31/2001 3/31/2002 Inc./(Dec.) Participant Balances 6,548,633 $56,912,916 $364,283 Comparison to Budget/City Portfoudget Actual Inc./(Dec.) Interest Earned for Month $333,333 $408,768 $75,435 Interest Earned Year to Date2,666,664 $3,351,860 $685,196 Earned Interest Yield Year to Date4.50% 4.62% 0.12% *Deferred Compensation Statements are rele Summary by Individual Investment in City Investment Portfolio: Days Int. May % of Totak Policy Limit to Mat. Rate Federal Agy Issues - Coupon $48,071,408 42% None 952 5.43% Local Agency Inv. Fund (LAIF) $33,802,979 30% \20% million 1 2.74% Treasury Securities - Coupon $4,000,570 4% None 246 5.65% Medium Term Notes $12,459,435 11% 453 6.55% Commercial Paper-Amortizing $5,990,809 5% 25% 31 1.79% Federal Agy Issues -Amortizing $6,978,219 6% None 54 1.99% Treasury Securities -Amortizing $1,996,789 2% None 34 1.73% $113,300,209 100% Treasurer's Report - Shari L. Freidenrich, CPA, CCMT May Report N C Z sCD i n � N = OD D Shari L . Freidenrich , CPA, CCMT July 15, 2002 w 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT May 2002 Investment Summary ( in millions) . ... ........._.._....... _- _. ------ ... -- _ ---..-------------------- -- --------------- --- Financial Information: April May Inc./(Dec.) End- of month City Portfolio $110.019 $113.300 $3.281 End of Month_Market Value $111 .351 $114.644 $3.293 _Interest Earned for Month $0.414 $0.409 $0.005) Earned Interest Yield Year to Date 4.66% 4.62% -0.04% Average Maturity ( in days) 513 468 -45 I YTD Average Daily Balance $108.772 $109.022 $0.250 Summary by Type: May % of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $48.071 42% None 952 5.43% LAIF (State Pool) $33.803 30% $40 million 1 2.74% U.S.Treasury Notes $4.001 4% None _ _246 5`65%1 Medium Term Notes $12.459 11 % 20% 453 6.55%' _Discount Federal Agy $6.978 6% None 54 1 .99% US Treasury Bills $1 .997 2% None 34 1 .73% Discount Comm. Paper $5.991 5% 25% 31 1 .79% Total $113.300 100% Council/Agency Meeting Held: 4b—�1-o2 Deferred/Continued to: Approved ❑ Condition ly Appr ved Denied W-\Qq CleV Signature Coun cil Meeting Date: June 17, 202 Department ID Number: CT 02-11 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION d o s. SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS s z-<C-) SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer PREPARED BY: SHARI L. FREIDNERICH, City Treasu;;�� ? � SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S APRIL 2002 `" A INVESTMENT SUMMARY REPORT [statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for April 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for April 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for April, 2002. ._ 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information Monthly Investment Report and Summary of Investments for April 2002 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for April, 2002 City Investment Portfolio: March April Inc./(Dec.) End of month City Portfolio Balance $109,735,482 $110,018,757 $283,275 Earned Interest Yield Average 4.52% 4.63% 0.11% Average Maturity ( in days) 494 513 19 End of Month Market Value $110,711,612 $111,350,566 $638,955 End of month bank cash balance $4,936,612 $4,651,846 ($284,765) Bond Proceeds Investments: March April Inc./(Dec.) End of Month Bond Reserve Par Value $59,645,261 $56,595,638 ($3,049,623) End of Month Bond Reserve Market Value $59,438,694 $56,466,618 ($2,972,076) Deferred Compensation Investments: 12/31/2001 3/31/2002 Inc./(Dec.) Participant Balances $56,548,633 $56,912,916 $364,283 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $333,333 $414,151 $80,818 Interest Earned Year to Date $2,333,331 $2,943,092 $609,761 Earned Interest Yield Year to Date 4.50% 4.66% 0.16%- Summary by Individual Investment in City Investment Portfolio: Days Int. April % of Total Policy Limit to Mat. Rate Federal Agy Issues - Coupon $51,068,654 46% None 958 5.47% Local Agency Inv. Fund (LAIF) $38,352,979 35% $20 million 1 2.85% Treasury Securities - Coupon $4,000,759 4% None 277 5.65% Medium Term Notes $12,458,365 11% 20% 484 6.55% Federal Agy Issues -Amort. $4,138,000 4% None 85 2.18% $110,018,757 100% r o _ City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary April 30, 2002 . Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 51,105,000.00 51,924,101.25 51,068,654.04 46.42 1,511 958 5.391 5.466 Local Agency Investment Funds 38,352,979.04 38,352,979.04 38,352,979.04 34.86 1 1 2.806 2.845 Treasury Securities-Coupon 4,000,000.00 4,091,870.00 4,000,759.13 3.64 1,300 277 5.576 5.653 Medium Term Notes 12,481,000.00 12,838,880.19 12,458,364.79 11.32 1,323 484 6.462 6.551 Federal Agency Disc.-Amortizing 4,160,000.00 4,142,736.00 4,138,000.35 3.76 211 85 2.149 2.179 Investments 110,098,979.04 111,350,566.48 110,018,757.35 100.00% 907 513 4.496 4.558 Cash and Accrued Interest Accrued Interest at Purchase 833.33 833.33 Subtotal 833.33 833.33 Total Cash and Investments 110,098,979.04 111,351,399.81 110,019,590.68 907 513 4.496 4.558 Total Earnings April 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 414,150.56 2,943,091.80 Current Budget 333,333.33 2,333,333.31 4,000,000.00 Last Year Actual 555,280.85 3,411,784.04 6,375,940.94 Average Daily Balance 108,878,225.21 108,772,467.11 Effective Rate of Return 4.63% 4.66% I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 17,2001. 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 Val:jes provi ed by Union Bank via Merrill Lynch and J.J.Kenney pricing services. G_3_ 0-L I L.FVNAICH,CITY TREASURER Portfolio CITY AP Run Date:05/10/2002-11:23 PM(PRF_PM1)SyntRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments April 30, 2002 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 31331HWT0 2892 Federal Farm Credit Bank 05/03/1999 1,000,000.00 1,000,000.00 1,000,000.00 5.250 AAA 5.283 0 05/01/2002 31331LWC8 3053 Federal Farm Credit Bank 12/17/2001 1,000,000.00 1,001,880.00 1,000,000.00 3.490 AAA 3.490 595 12/17/2003 3133M2SM0 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 1,025,620.00 1,000,000.00 6.200 AAA 6.200 243 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 1,026,410.00 1,000,000.00 6.215 AAA 6.215 251 01/07/2003 3133M7NM4 2871 Federal Home Loan Bank 03/05/1999 1,000,000.00 1,011,250.00 1,000,000.00 5.390 AAA 5.390 127 09/05/2002 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,029,380.00 996,922.11 5.125 AAA 5.380 502 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,033,120.00 1,000,919.07 5.630 AAA 5.546 489 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,139,531.25 1,106,577.79 5.690 AAA 5.540 414 06/19/2003 3133MBLR3 2889 Federal Home Loan Bank 05/10/1999 1,000,000.00 1,000.940.00 1,000,000.00 5.625 AAA 5.625 740 05/10/2004 3133M8UR3 2898 Federal Home Loan Bank 06/07/1999 1,000,000.00 1,003,910.00 1,000,000.00 6.000 AAA 6.000 768 06/07/2004 3133MAWZ8 2942 Federal Home Loan Bank 03/07/2000 1,000,000.00 1,041,870.00 1,000,000.00 7.440 AAA 7.440 1.041 03/07/2005 3133MBKR7 2951 Federal Home Loan Bank 06/05/2000 1,000,000.00 1,005,310.00 1,000,000.00 7.625 AAA 7.625 400 06/05/2003 3133MBT49 2960 Federal Home Loan Bank 07/26/2000 1,000,000.00 1,012,190.00 1,000,000.00 7.200 AAA 7.200 817 07/26/2004 3133MCA96 2973 Federal Home Loan Bank 10/11/2000 1,000,000.00 1,021,410.00 1,000,000.00 7.000 AAA 7.000 1,259 10/11/2005 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,090,940.00 2,000,000.00 6.330 AAA 6.330 1,321 12/12/2005 3133MCRQ0 2988 Federal Home Loan Bank 01/17/2001 1,000,000.00 1,023,440.00 1,000,000.00 6.030 AAA 6.030 1,357 01/17/2006 3133MDBB8 2996 Federal Home Loan Bank 02/27/2001 1,000,000.00 1,011,250.00 1,000,000.00 5.550 AAA 5.550 849 08/27/2004 3133MDR96 2999 Federal Home Loan Bank 03/30/2001 1.000,000.00 1,013,120.00 1,000,000.00 5.340 AAA 5.340 883 09/30/2004 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,013,130.00 1,000,000.00 5.250 AAA 5.250 1,602 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,017,500.00 1,000,000.00 5.000 AAA 5.000 1,244 09/26/2005 3133MKND5 3054 Federal Home Loan Bank 12/27/2001 1,000,000.00 1,009,380.00 1,000,000.00 4.610 AAA 4.610 1,153 06/27/2005 3133MMQN6 3068 Federal Home Loan Bank 04/11/2002 2,000,000.00 2,021.260.00 2,000,000.00 5.010 AAA 5.010 1,259 10/11/2005 312923CU7 2989 Federal Home Loan Mort Corp 01/18/2001 1,000,000.00 1,006,870.00 1,000,000.00 5.320 AAA 5.320 78 07/18/2002 312923WL5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000,000.00 1,020,160.00 1,000,000.00 5.530 AAA 5.530 1,454 04/24/2006 312923ZY4 3017 Federal Home Loan Mort Corp 05/18/2001 1,000,000.00 1,003,910.00 998,221.33 5.700 AAA 5.751 1,469 05/09/2006 3129236G5 3031 Federal Home Loan Mort Corp 07/26/2001 1,000,000.00 1,008,280.00 1,000,000.00 5.700 AAA 5.700 1,547 07/26/2006 3129236G5 3033 Federal Home Loan Mort Corp 07/26/2001 1,000,000.00 1,008,280.00 999,735.24 5.700 AAA 5.707 1,547 07/26/2006 312924MC4 3044 Federal Home Loan Mort Corp 10/17/2001 1,000,000.00 1,003,610.00 1,000,000.00 3.310 AAA 3.310 534 10/17/2003 312925AT7 3069 Federal Home Loan Mort Corp 03/19/2002 1.000,000.00 997,500.00 984,740.80 5.000 AAA 5.361 1,777 03/13/2007 31364C4D7 2800 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,011,090.00 999,623.19 6.150 AAA 6.320 96 08/05/2002 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,046,560.00 1,000,000.00 5.910 AAA 5.909 688 03/19/2004 31364GM63 2890 Fed.Nat'l Mort.Assoc. 05/05/1999 1,000,000.00 1,000,170.00 1,000.000.00 5.780 AAA 5.780 735 05/05/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,049,370.00 994,042.79 6.000 AAA 6.343 747 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,054.220.00 1,000,000.00 7.300 AAA 7.300 1,181 07/25/2005 31364KVC1 2966 Fed.Nat'l Mort.Assoc. 09/13/2000 1,000.000.00 1,017,970.00 1,000,000.00 7.000 AAA 7.000 1,231 09/13/2005 31364KYH7 2976 Fed.Nat'l Mort.Assoc. 11/09/2000 1,000,000.00 1,022,030.00 1,000,000.00 6.500 AAA 6.500 555 11/07/2003 Portfolio CITY AP Run Date:05/10/2002-11:23 PM(PRF_PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments April 30, 2002 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 313641<51-0 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,027,500.00 1,000,000.00 5.550 AAA 5.550 1,415 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,020,620.00 1,000,000.00 5.300 AAA 5.300 1,428 03/29/2006 3136FOEW8 3009 Fed.Nat'l Mort.Assoc. 04/23/2001 1,000,000.00 1,019,690.00 999,751.60 5.510 AAA 5.517 1,447 04/17/2006 3136FOJP8 3011 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,022,500.00 1,000,000.00 5.625 AAA 5.625 1,475 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1,021,250.00 995,944.82 5.550 AAA 5.666 1,476 05/16/2006 3136FO3EO 3046 Fed.Nat'l Mort.Assoc. 11/19/2001 1,000,000.00 994,060.00 1,000,000.00 3.625 AAA 3.625 933 11/19/2004 3136FO4Z2 3051 Fed.Nat'l Mort.Assoc. 11/16/2001 1,000,000.00 989,060.00 996,823.45 3.400 AAA 3.533 929 11/15/2004 3136171CF5 3055 Fed.Nat'l Mort.Assoc. 12/27/2001 2,000,000.00 2,000,620.00 2,000,000.00 2.350 AAA 2.350 240 12/27/2002 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,005,630.00 1,000,000.00 5.010 AAA 5.010 1,750 02/14/2007 3136F1JX9 3065 Fed.Nat'l Mort.Assoc. 02/15/2002 1,000,000.00 1,001,720.00 995,351.85 4.100 AAA 4.279 1,021 02/15/2005 3136F1MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,001,090.00 1,000,000.00 4.350 AAA 4.350 1,212 08/25/2005 3136171 WA4 3070 Fed.Nat'l Mort.Assoc. 04/12/2002 1,000,000.00 1,017,500.00 1,000,000.00 5.350 AAA 5.350 1,807 04/12/2007 Subtotal and Average 50,834,890.70 51,105,000.00 51,924,101.25 51,068,654.04 5.466 958 Local Agency Investment Funds SYS982 982 Laif City 19,265,753.23 19,265,753.23 19,265,753.23 2.845 NR 2.845 1 SYS2206 2206 LAIF-Redevelopment Agency 19,087,225.81 19,087,225.81 19,087,225.81 2.845 NR 2.845 1 Subtotal and Average 37,183,527.41 38,352,979.04 38,352,979.04 38,352,979.04 2.845 1 Treasury Securities-Coupon 9128274K5 2875 United States Treasury Note 02/22/1999 1,000.000.00 1,033,440.00 1,002,758.22 5.375 AAA 5.106 425 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,033,440.00 997.917.60 5.250 AAA 5.431 471 08/15/2003 9128273C4 2897 United States Treasury Note 05/17/1999 1,000,000.00 1,010,620.00 1,001,202.10 6.000 AAA 5.464 91 07/31/2002 9128273G5 2945 United States Treasury Note 03/28/2000 1,000,000.00 1,014,370.00 998,881.21 6.250 AAA 6.615 122 08/31/2002 Subtotal and Average 4,000,847.70 4,000,000.00 4,091,870.00 4,000,759.13 5.653 277 Medium Term Notes 046003JP5 2857 Associated Corp. 11/06/1998 1,000,000.00 1,007,690.00 1,000,426.31 5.875 Aa3 5.640 75 07/15/2002 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,025,070.00 995,464.58 5.400 Aaa 5.700 642 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 502,640.19 473,067.68 6.250 Aa3 6.800 1,310 12/01/2005 201615DG3 2965 Citifinancial 09/12/2000 1,000,000.00 1,015,760.00 998,152.17 6.375 Aa3 6.915 137 09/15/2002 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000,000.00 1,035,920.00 996,124.87 6.267 Aaa 6.620 448 07/23/2003 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,052,110.00 1,002,679.78 6.810 Aaa 6.610 551 11/03/2003 580135CA7 2851 McDonald's 06/30/1998 1,000,000.00 1,005,380.00 1,000,062.78 6.000 Aa2 5.950 53 06/23/2002 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,084,100.00 998,655.56 7.500 Aa3 7.559 1,017 02/11/2005 84534ECS5 2827 Southwestern Bell 01/12/1998 1,000,000.00 1,014,900.00 999,475.86 5.730 Aa2 5.858 173 10/21/2002 Portfolio CITY AP Run Date:05/10/2002-11:23 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments April 30, 2002 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 17306EAC8 2955 Citigroup 06/06/2000 2,000,000.00 2,009,800.00 1,999,971.81 7.450 Aa2 7.466 36 06/06/2002 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,027,230.00 998,446.35 5.750 Aa2 5.795 1.470 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,058,280.00 995,837.04 6.700 Al 6.920 782 06/21/2004 Subtotal and Average 12,457,847.22 12,481,000.00 12,838,880.19 12,458,364.79 6.551 484 Commercial Paper Disc.-Amortizing Subtotal and Average 266,646.78 Federal Agency Disc.-Amortizing 313313WQ7 3071 Federal Farm Credit Bank 03/26/2002 1,160,000.00 1,159,536.00 1,159,480.90 1.790 AAA 1.819 9 05/10/2002 313589C27 3072 Fed.Nat'l Mort.Assoc. 03/26/2002 1,000,000.00 994,800.00 994,055.56 2.000 AAA 2.044 107 08/16/2002 313397D65 3043 Federal Nat'l Mort.Corp. 09/20/2001 2,000,000.00 1,988,400.00 1,984,463.89 AAA 2.457 119 08/28/2002 Subtotal and Average 4,134,465.41 4,160,000.00 4,142,736.00 4,138,000.35 2.179 85 Rolling Repurchase Agreements SYS00-2001b 01-2002 Union Bank 10/02/2001 0.00 0.00 0.00 1.100 1.115 1 Subtotal and Average 0.00 0.00, 0.00 0.00 0.000 1 Total and Average 108,878,225.21 110,098,979.04 111,350,566.48 110,018,757.35 4.558 513 Portfolio CITY AP Run Date:05/10/2002-11:23 PM(PRF_PM2)SymRepl V6.21 City of HB Portfolio Management Page 5 Portfolio Details -Cash April 30, 2002 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 833.33 833.33 0 Subtotal 833.33 833.33 Total Cash and Investmentss 108,878,225.21 110,098,979.04 111,351,399.81 110,019,590.68 4.558 513 Portfolio CITY AP Run Date:05/102002-11:23 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 6 tYY Type Activity B T e April 1, 2002 through April 30, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331 NPB4 2958 Federal Farm Credit Bank 7.170 04/25/2002 0.00 1,000,000.00 3133MMQN6 3068 Federal Home Loan Bank 5.010 04/11/2002 2,000,000.00 0.00 3136F1 WA4 3070 Fed.Nat'l Mort.Assoc. 5.350 04/12/2002 1,000,000.00 0.00 Subtotal 3,000,000.00 1,000,000.00 51,068,654.04 Local Agency Investment.Funds (Monthly Summary) SYS982 982 LaifCity 2.845 1,851,091.06 2,500,000.00 SYS2206 2206 LAIF-Redevelopment Agency 2.845 2,922,733.87 2,000,000.00 Subtotal 4,773,824.93 4,500,000.00 38,352,979.04 Treasury Securities-Coupon Subtotal 4,000,759.13 Medium Term Notes Subtotal 12,458,364.79 Commercial Paper Disc.-Amortizing 36959JD59 3067 General Electric Capital Corp 1.790 04/05/2002 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 0.00 Federal Agency Disc.-Amortizing Subtotal `4,138,000.35 Rolling Repurchase Agreements Subtotal 0.00 Total 7,773,824.93 7,500,000.00 110,018,757.35 Portfolio CITY AP Run Date:05110.12002-11:23 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary April 2001 through April 2002 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 2001 80 120,264,247.10 5.879 5.960 5.760 22 21 773 474 May 2001 86 125,735,513.10 5.679 5.758 5.328 21 15 788 489 June 2001 81 126,800,495.90 5.558 5.635 4.958 8 13 799 485 July 2001 79 121,645,128.94 5.415 5.490 4.635 21 23 841 513 August 2001 -72 110,517,156.02 5.362 5.436 4.502 10 17 833 500 September 2001 67 110,925,431.97 5.049 5.119 4.288 17 21 836 534 October 2001 67 109,164,557.55 5.033 5.103 4.288 4 4 832 516 November 2001 68 107,728,573.17 4.685 4.750 3.526 6 5 827 508 December 2001 70 109,005,141.93 4.503 4.565 3.261 7 5 825 493 January 2002 68 110,328,920.19 4.404 4.466 3.068 4 6 809 468 February 2002 69 108,193,466.33 4.503 4.566 2.967 4 3 874 504 March 2002 70 108,022,090.63 4.462 4.524 2.861 3 2 876 494 April 2002 70 108,878,225.21 4.496 4.558 2.845 . 2 2 907 513 Average 73 113,656,455.74 5.002% 5.072% 4.022 10 11 832 499 Portfolio CITY AP Run Date:05/10/2002-11:23 PM(PRF_PM4)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type April 2001 through April 2002 April May June July August September October November December January February March April Average Security Type 2001 2001 2001 2001 2001 2001 2001 2001 2001 2002 2002 2002 2002 by Period Repurchase Agreements 1.5 0.1% ......... .......... ......... .. ........ ....... _.. .... .. _ ....... .... _..... ....... ......... Certificates of Deposit Commercial Paper-Interest Bearing ... .... _....-. .. - .. ....... _.........-. ...... . .... ......... ......... ......... ..... .- ....._.._.. _..... Federal Agency Issues-Coupon 44.7 44.5 43.5 42.7 40.4 39.6 39.5 40.0 41.7 40.5 44.6 44.7 46.4 42.5% ......... ......... ......._ . ._._.. ..._..... ..... __... ......... ._. _..._._ ..__. ... ......__.._ .._._..._... ._ .. -_ ...-- ... .. _..__..._... Local Agency Investment Funds 32.0 30.8 32.0 28.3 35.0 36.0 36.6 35.5 31.7 35.8 34.6 34.7 34.9 33.7% Treasury Securities-Coupon 4.8 4.6 4.9 5.2 5.3 3.6 3.7 3.6 3.6 3.6 3.7 3.7 3.6 4.1% ... .. _ . ........_ ...._.... .._._...__.. .... _ ......... ......... _ . ._._ ..... ....- __ ... .. ......-..._ ..... Medium Term Notes 10.6 11.0 11.5 12.4 12.5 11.2 11.4 11.3 11.3 11.2 11.6 11.4 11.3 11.4% ....-- . _ ...- ...... _ ....... _ ......_. .. Negotiable CD's ._. _........ _.._._ _. ..-- _._.-.. .. . - Certificates of Deposit-Bank .- ...__.._ ..._..... ......... .................-.......__.._.... . .... ....._._ ............_ ......... .... ........ ...._ _ ......... ....... ............ -..__..... Mortgage Backed Securities ......... _ ......... .. .......- ...... ._............ ........ ................ ......... ......... ......... ......... .... ......... .......... . ..... Bankers Acceptances-Amortizing ........ - _ ........-. -- - .....-- - Commercial Paper Disc.-Amortizing 4.8 7.7 6.6 9.7 5.1 5.2 5.3 5.4 9.9 7.2 3.7 1.8 5.6% . .. .--- _ ....._._. .. ......__ ..._ ......._........ ......_._. ... ....... .. ................................-..- _ .-..---- ._...._- ...._ ....... ......... _.............. .__._. ........_ ........... ......... Federal Agency Disc.-Amortizing ...... 1.6 1.5 1.6 1.7 1.8 4.5 3.6 3.6 1.8 1.8 1.8 3.8 3.8 2.5% ........ ........ . ._.__..-_.. ......... ...._ .... ....... .... .. ....... ...._... _ ._._...__ ......... --..... ........_ ........_ ...._.._- ... ......_. ._.._._. ._...... Treasury Discounts-Amortizing -- - - -- - _ _..... ....._....... -- Miscellaneous Discounts-Amortizing .... ...... .................. ................... ....... .....................__............ . . ..._ .... .........._. ..... __..... Rolling Repurchase Agreements 0.6 0.1% Portfolio CITY AP Run Date:05/102002-11:23 PM(PRF_PM5)SyrnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 04/30/2002 Description Carrying Cost Plus Fair Value Accrued Interest Accrued Interest Purch. United States Treasury: Bills $ 595,024,152.82 $ 598,362,000.00 NA Notes $6,191,194,339.58 $ 6,224,400,500.00 $90,093,682.50 Federal Agency: SBA $245,027,680.52 $244,800,458.04 S 950,202.68 MBS $ 541,425,460.07 $ 548,487,502.51 $ 2,730,134.74 Bonds $4,203,033,900.78 $4,238,842,102.15 $62,898,217.46 Floaters $- $- $ - Discount Notes $9,467,212,217.04 $9,592,196,176.76 NA FHLMC PC $ 7,587,357.67 $8,284,582.87 $ 121,943.96 GNMA $ 799,761.01 $921,508.95 $7,932.44 Bankers Acceptances S 17,877,221.82 $ 17,998,654.20 NA Bank Notes $625,002,736.26 $625,030,483.25 $ 2,391,180.84 CDs $6,936,923,023.48 $6,937,961,169.32 $39,878,664.60 Commercial Paper $ 11,134,534,143.32 $ 11,158,769,611.36 NA Corporate: Floaters $ 717,963,719.61 $ 712,626,095.04 $2,187,696.82 Bonds $ 1,539,578,710.19 $ 1,550,442,654.58 $23,788,400.32 Repurchase Agreements $ - $ - NA Reverse Repurchase $ (1,064,547,500.00) $ (1,064,547,500.00) $ (1,418,622.43) Time Deposits $ 5,167,995,000.00 $ 5,167,995,000.00 NA AB 55 & GF Loans $ 3,230,978,737.02 $3,230,978,737.02 NA TOTAL $-49,557,610,661.19 $49,793,549,736.05 $ 223,629,433.93 Fair Value Including Accrued Interest $ 50,017,179,169.98 Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of April 30,2002 Summary of investments by type Market Value Market Value Par Value. Investment Type as of 3/31/02 as of 4/30/02 $6,227,947 Local Agency Investment Fund(LAIF) 6,142,885 6,227,947 $36,037,569 Investment Agreements 36,726,344 36,037,569 $2,292,825 Federal Government Agency 4,233,286 2,172,566 $1,936,979 Money Market Funds 2,161,563 1,936,979 $10,100,317 US Treasury Securities 10,174,616 10,091,556 $56,595,637 59,438,694 56,466,617 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 3/31/02 as of 4/30/02 $30,455,260 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 30,925,255 30,335,001 $2,702,849 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg.Refinance) 2,702,766 2,702,849 $5,695,610 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) 7,774,007 5,695,610 $3,532,104 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility, Energy Retrofit) 3,770,442 3,532,104 $801,018 City of Huntington Beach- 1999 Tax Allocation Refunding Bonds 782,495 792,257 $2,122,844 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 2,121,224 2,122,844 $165,888 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 163,464 165,888 $85 City of Huntington Beach- 1993 Refunding COP(Police Administration Bldg. Refinance Project) 40,937 85 $182 City of Huntington Beach- 1993 Refunding COP(Civic Center Refinance. Refinance Project) 52,152 182 $8,968,829 Huntington Beach Public Finance Authority-Revenue Bonds 1992 Series; Escrow Account 8,968,829 8,968,829 $1,990,942 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 1,990,888 1,990,942 $113,360 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 113,199 113,360 $46,667 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 27,048 46,667 $0 _ City of Huntington Beach-Community Facilities District No. 1990-1 (Goldenwest/Ellis Area) 5,988 0 $56,595,638 59,438,694 56,466,618 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2002 Beginning Distributions/ balance Contributions/ Transfers/ Earnings Ending Balance (12-31-01) Transfers Payments (change in value) Other (3-31-02) ICMA Retirement Corporation (457 Plan) $15,916,593 $304,558 ($256,936) ($13,299) ($37,591) $15,913,325 ICMA Retirement Corporation (401 Plan) $69,432 $19,417 $0 ($165) $0 $88,684 Nationwide Retirement Solutions $40,044,069 $989,241 ($953,542) $312,601 $0 $40,392,368 Trust Deeds $518,539 $0 $0 $0 $0 $518,539 Total 457 &401 Plan Balances $56,548,633 $1,313,216 ($1,210,478) $299,137 ($37,591) $56,912,916 RCA RO UTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: April 2002 Investment Summary Report COUNCIL MEETING DATE: June 17, 2002 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attome Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED a RETURNED FORWARDED Administrative Staff l Assistant City Administrator Initial City Administrator Initial GOO/ City Clerk EXPLANATION_FOR RETURN OF ITEM: SpaceOnly) RCA Author: �l i Treasurer's Report - Shari L. Freidenrich, CPA, CCMT April Report Shari' L . Freidenrich CPACCMT 2 June 17, 2002 b l =ZI d L l NU toot VO 'H3V39 wimmitm Treasurer's Report - Shari L. Freidenrich, CPA, CCMT April 2002 Investment Summary Financial Information: I March April IncJ(Dec.) End of month City Portfolio Balance $109,735,482 $110,018,757 $283,275 End of Month Market Value $110,711,612 $111,350,566 $638,954 Interest Earned for Month $414,255 $414,151 $104 Earned Interest Yield Year to Date 4.66% 4.66% 0.00% Average Maturity in days) 468 513 45 YTD Average Daily Balance $108,755,034 $108,772,467 $17,433 Summary by Investment Type: April % of Total Policy Limit Days to Mat. Rate Federal Agy Issues- Coupon $51,068,654 46% None 958 5.47% Local Agency Inv. Fund LAIF $38,352,979 35% $40 million 1 2.85% Treasury Securities - Coupon- $4,000,759 4% None 277 5.65% Medium Term Notes $12,458,365 11% 20% 484 6.55% Federal Agy Issues -Amort. $4,138,000 4% None 85 2.18% Total $110,018,757 100% SIe-zoJ °r�� — s.��l��Yzk� TvdF1►S Council/Agency Meeting Held: 017—�c Deferred/Continued to: XApprove ❑ Conditionally Approved El Denied 1- Clerk' ignature Council Meeting Date: May 6, 2002 Department ID Number: CT 02-10 T CITY OF HUNTINGTON BEACH C o REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS Cr - m��y D D SUBMITTED BY: SHARI L. FREI DEN RICH, City Treasurer _ PREPARED BY: SHARI L. FREIDNERICH, City Treasur, co n SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MARCH 2O02 INVESTMENT SUMMARY REPORT F atement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) - ---- --- - --- - - -- - I ------f- . Statement of Issue: Review and accept the monthly investment report- for March 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for March 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not Applicable. Attachment(s): City Clerk's . • Number No. Description 1. Monthly Investment Report and Summary of Investments for March, 2002. 2 Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information Monthly Investment Report and Summary of Investments for March 2002 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for March, 2002 City Investment Portfolio: February March Inc./(Dec.) End of month City Portfolio Balance $107,840,947 $109,735,482 $1,894,535 Earned Interest Yield Average 4.79% 4.52% -0.27% Average Maturity ( in days) 504 494 -10 End of Month Market Value $109,523,571 $110,711,612 $1,188,041 End of month bank cash balance $3,989,482 $4,936,612 $947,130 Bond Proceeds Investments: February March Inc./(Dec.) End of Month Bond Reserve Cost Value $73,528,590 $59,645,261 ($13,883,329) End of Month Bond Reserve Market Value $73,413,598 $59,438,694 ($13,974,904) Deferred Compensation Investments: 12/31/2001 3/31/2002 Inc./(Dec.) Participant Balances $56,548,633 $56,912,916 $364,283 Comparison to Budget/ City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $333,333 $414,255 $80,922 Interest Earned Year to Date $1,999,998 $2,528,941 $528,943 Earned Interest Yield Year to Date 4.50% 4.66% 0.16% Summary by Individual Investment in City Investment Portfolio: Days Int. March % of Total Policy Limit to Mat. Rate Federal Agy Issues - Coupon $49,067,803 45% None 938 5.52% Local Agency Inv. Fund (LAIF) $38,079,154 35% $40 million 1 2.86% Treasury Securities - Coupon $4,000,942 3% None 307 5.65% Medium Term Notes $12,457,294 11% 20% 514 6.55% Commercial Paper- Disc. $1,999,602 2% 25% 4 1.82% Federal Agy Issues - Amort. $4,130,687 4% None 115 2.18% $109,735,482 100% OA City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary March 31, 2002 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 49,105,000.00 49,615,606.20 49,067,802.78 44.71 1,496 938 5.439 5.515 Local Agency Investment Funds 38,079,154.11 38,079,154.11 38,079,154.11 34.70 1 1 2.822 2.861 Treasury Securities-Coupon 4,000,000.00 4,088,120.00 4,000,942.37 3.65 1,300 307 5.576 5.653 Medium Term Notes 12,481,000.00 12,795,535.53 12,457,293.97 11.35 1,323 514 6.462 6.551 Commercial Paper Disc.-Amortizing 2,000,000.00 1,999,600.00 1,999,602.22 1.82 56 4 1.795 1.820 Federal Agency Disc.-Amortizing 4,160,000.00 4,133,596.00 4,130,686.68 3.76 211 115 2.149 2.179 Investments 109,825,154.11 110,711,611.84 109,735,482.13 100.00% 876 494 4.462 4.524 Cash and Accrued Interest Accrued Interest at Purchase 833.33 833.33 Subtotal 833.33 833.33 Total Cash and Investments 109,825,154.11 110,712,445.17 109,736,315.46 876 494 4.462 4.524 Total Earnings March 31 Month Ending Fiscal Year To Date Fiscal Year Ending - Current Year 414,254.50 2,528,941.24 Current Budget 333,333.33 1,999,999.98 4,000,000.00 Last Year Actual 539,404.58 2,856,503.19 6,375,940.94 Average Daily Balance 108,022,090.63 108,755,034.46 Effective Rate of Return 4.52% 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 Dec. 17,2001. A copy of this policy is available at the office of the City Clerk. The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. y-t8 oZ SA F EID N CH,CITY TREASURER Portfolio CITY AP Run Date:04/16/2002-12:28 PM(PRF_PM1)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management page 2 Portfolio Details - Investments March 31, 2002 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 31331HWT0 2892 Federal Farm Credit Bank 05/03/1999 1,000,000.00 1,002,500.00 999,974.95 5.250 AAA 5.283 30 05/01/2002 31331NPB4 2958 Federal Farm Credit Bank 07/13/2000 1,000,000.00 1.003,280.00 1,000,185.79 7.170 AAA 6.860 24 04/25/2002 31331LWC8 3053 Federal Farm Credit Bank 12/17/2001 1,000,000.00 995,000.00 1,000,000.00 3.490 AAA 3.490 625 12/17/2003 3133M2SM0 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 1,026,250.00 1,000,000.00 6.200 AAA 6.200 273 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 1,026,870.00 1,000,000.00 6.215 AAA 6.215 281 01/07/2003 3133M7NM4 2871 Federal Home Loan Bank 03/05/1999 1,000,000.00 1,013,440.00 1,000,000.00 5.390 AAA 5.390 157 09/05/2002 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1.024,060.00 996,735.20 5.125 AAA 5.380 532 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,027,030.00 1,000,976.39 5.630 AAA 5.546 519 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,136,426.20 1,106,693.80 5.690 AAA 5.540 444 06/19/2003 3133M8LR3 2889 Federal Home Loan Bank 05/10/1999 1,000,000.00 1,004,060.00 1,000,000.00 5.625 AAA 5.625 770 05/10/2004 3133M8UR3 2898 Federal Home Loan Bank 06/07/1999 1,000,000.00 1,007,500.00 1,000,000.00 6.000 AAA 6.000 798 06/07/2004 3133MAWZ8 2942 Federal Home Loan Bank 03/07/2000 1,000,000.00 1,041,720.00 1,000,000.00 7.440 AAA 7.440 1,071 03/07/2005 3133MBKR7 2951 Federal Home Loan Bank 06/05/2000 1,000,000.00 1,010,160.00 1,000,000.00 7.625 AAA 7.625 430 06/05/2003 3133MBT49 2960 Federal Home Loan Bank 07/26/2000 1,000,000.00 1,016,410.00 1,000,000.00 7.200 AAA 7.200 847 07/26/2004 3133MCA96 2973 Federal Home Loan Bank 10/11/2000 1,000,000.00 1,024,060.00 1,000,000.00 7.000 AAA 7.000 1,289 10/11/2005 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,068,740.00 2,000,000.00 6.330 AAA 6.330 1,351 12/12/2005 3133MCRQ0 2988 Federal Home Loan Bank 01/17/2001 1,000,000.00 1,017,340.00 1,000,000.00 6.030 AAA 6.030 1,387 01/17/2006 3133MDBB8 2996 Federal Home Loan Bank 02/27/2001 1,000,000.00 1,013,120.00 1,000,000.00 5.550 AAA 5.550 879 08/27/2004 3133MDR96 2999 Federal Home Loan Bank 03/30/2001 1,000,000.00 1,012,810.00 1,000.000.00 5.340 AAA 5.340 913 09/30/2004 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 998,440.00 1,000,000.00 5.250 AAA 5.250 1,632 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,002,500.00 1,000,000.00 5,000 AAA 5.000 1,274 09/26/2005 3133MKND5 3054 Federal Home Loan Bank 12/27/2001 1,000,000.00 995,310.00 1,000,000.00 4.610 AAA 4.610 1,183 06/27/2005 312923CU7 2989 Federal Home Loan Mort Corp 01/18/2001 1,000,000.00 1,009,370.00 1,000,000.00 5.320 AAA 5.320 108 07/18/2002 312923WL5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000,000.00 1,008,280.00 1,000,000.00 5.530 AAA 5.530 1,484 04/24/2006 312923ZY4 3017 Federal Home Loan Mort Corp 05/18/2001 1,000,000.00 1,002,190.00 998,184.48 5.700 AAA 5.751 1,499 05/09/2006 3129236G5 3031 Federal Home Loan Mort Corp 07/26/2001 1,000,000.00 1,002,970.00 1,000,000.00 5.700 AAA 5.700 1,577 07/26/2006 3129236G5 3033 Federal Home Loan Mort Corp 07/26/2001 1,000,000.00 1,002,970.00 999,730.03 5.700 AAA 5.707 1,577 07/26/2006 312924MC4 3044 Federal Home Loan Mort Corp 10/17/2001 1,000,000.00 994,700.00 1,000,000.00 3.310 AAA 3.310 564 10/17/2003 312925AT7 3069 Federal Home Loan Mort Corp 03/19/2002 1,000,000.00 980,940.00 984,479.52 5.000 AAA 5.361 1,807 03/13/2007 31364C4D7 2800 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,011,720.00 999,502.93 6.150 AAA 6.320 126 08/05/2002 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,037,660.00 1,000,000.00 5.910 AAA 5.909 718 03/19/2004 31364GM63 2890 Fed.Nat'l Mort.Assoc. 05/05/1999 1,000,000.00 1,003,080.00 1,000,000.00 5.780 AAA 5.780 765 05/05/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,040,000.00 993,799.97 6.000 AAA 6.343 777 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,049,690.00 1.000,000.00 7.300 AAA 7.300 1,211 07/25/2005 31364KVC1 2966 Fed.Nat'l Mort.Assoc. 09/13/2000 1,000,000.00 1,021,090.00 1.000,000.00 7.000 AAA 7.000 1,261 09/13/2005 31364KYH7 2976 Fed.Nat'l Mort.Assoc. 11/09/2000 1,000.000.00 1,023,910.00 1,000,000.00 6.500 AAA 6.500 585 11/07/2003 Portfolio CITY AP Run Date:04/16/2002-12:28 PM(PRF PM2)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments March 31, 2002 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 31364K5LO 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,011,870.00 1,000,000.00 5.550 AAA 5.550 1,445 03/16/2006 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,003,750.00 1,000,000.00 5.300 AAA 5.300 1,458 03/29/2006 3136FOEW8 3009 Fed.Nat'l Mort.Assoc. 04/23/2001 1,000,000.00 1,007,810.00 999,746.38 5.510 AAA 5.517 1.477 04/17/2006 3136FOJP8 3011 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,010,160.00 1,000,000.00 5.625 AAA 5.625 1,505 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1,012,500.00 995,861.20 5.550 AAA 5.666 1,506 05/16/2006 3136FO3EO 3046 Fed.Nat'l Mort.Assoc. 11/19/2001 1,000,000.00 982,190.00 1,000,000.00 3.625 AAA 3.625 963 11/19/2004 3136FO4Z2 3051 Fed.Nat'l Mort.Assoc. 11/16/2001 1,000,000.00 976,880.00 996,719.18 3.400 AAA 3.533 959 11/15/2004 3136F1CF5 3055 Fed.Nat'l Mort.Assoc. 12/27/2001 2,000,000.00 1,996,260.00 2,000,000.00 2.350 AAA 2.350 270 12/27/2002 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 985,000.00 1,000,000.00 5.010 AAA 5.010 1.780 02/14/2007 3136F1JX9 3065 Fed.Nat'l Mort.Assoc. 02/15/2002 1,000,000.00 988,280.00 995,212.96 4.100 AAA 4.279 1,051 02/15/2005 3136F1MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 985,310.00 1,000,000.00 4.350 AAA 4.350 1,242 08/25/2005 Subtotal and Average 412,827.71 49,105,000.00 49,615,606.20 49,067,802.78 5.515 938 Local Agency Investment Funds SYS982 982 Laif City 19,914,662.17 19,914,662.17 19,914,662.17 2.861 NR 2.861 1 SYS2206 2206 LAIF-Redevelopment Agency 18,164,491.94 18,164,491.94 18,164,491.94 2.861 NR 2.861 1 Subtotal and Average 18,688,855.72 38,079,154.11 38,079,154.11 38iO79,154.11 2.861 1 Treasury Securities-Coupon 9128274K5 2875 United States Treasury Note 02/22/1999 1,000,000.00 1,029,220.00 1,002,952.92 5.375 AAA 5.106 455 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,028,120.00 997,784.97 5.250 AAA 5.431 501 08/15/2003 9128273C4 2897 United States Treasury Note 05/17/1999 1,000,000.00 1,013,750.00 1,001,598.39 6.000 AAA 5.464 121 07/31/2002 9128273G5 2945 United States Treasury Note 03/28/2000 1,000,000.00 1,017,030.00 998,606.09 6.250 AAA 6.615 152 08/31/2002 Subtotal and Average 998,468.54 4,000,000.00 4,088,120.00 4,000,942.37 5.653 307 Medium Term Notes 046003JP5 2857 Associated Corp. 11/06/1998 1,000,000.00 1,010,790.00 1,000,599.13 5.875 Aa3 5.640 105 07/15/2002 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,018,530.00 995,248.95 5.400 Aaa 5.700 672 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 496,935.53 472,883.21 6.250 Aa3 6.800 1,340 12/01/2005 201615DG3 2965 Citifinancial 09/12/2000 1,000,000.00 1,018,270.00 997,738.48 6.375 Aa3 6.915 167 09/15/2002 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000,000.00 1,031,430.00 995,861.85 6.267 Aaa 6.620 478 07/23/2003 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,047,160.00 1,002,828.10 6.810 Aaa 6.610 581 11/03/2003 580135CA7 2851 McDonald's 06/30/1998 1,000,000.00 1,008,680.00 1,000,099.00 6.000 Aa2 5.950 83 06/23/2002 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,073,030.00 998,615.22 7.500 Aa3 7.559 1.047 02/11/2005 84534ECS5 2827 Southwestern Bell 01/12/1998 1,000,000.00 1,015,720.00 999.383.36 5.730 Aa2 5.858 203 10/21/2002 17306EAC8 2955 Citigroup 06/06/2000 2,000,000.00 2,018,400.00 1.999,947.64 7.450 Aa2 7.466 66 06/06/2002 Portfolio CITY AP Run Date:04/16/2002-12:28 PM(PRF_PM2)SyrnRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments March 31, 2002 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 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,010,350.00 998,414.18 5.750 Aa2 5.795 1,500 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,046,240.00 995,674.85 6.700 Al 6.920 812 06/21/2004 Subtotal and Average 998,399.14 12,481,000.00 12,795,535.53 12,457,293.97 6.551 514 Commercial Paper Disc.-Amortizing 36959JD59 3067 General Electric Capital Corp 02/08/2002 2,000,000.00 1,999,600.00 1,999,602.22 1.790 Aaa 1.820 4 04/05/2002 Subtotal and Average 1,998,110.56 2,000,000.00 1,999,600.00 1,999,602.22 1.820 4 Federal Agency Disc.-Amortizing 313313WQ7 3071 Federal Farm Credit Bank 03/26/2002 1,160,000.00 1,157,796.00 1,157,750.57 1.790 AAA 1.819 39 05/10/2002 313589C27 3072 Fed.Nat'l Mort.Assoc. 03/26/2002 1,000,000.00 992,400.00 992,388.89 2.000 AAA 2.044 137 08/16/2002 313397D65 3043 Federal Nat'l Mort.Corp. 09/20/2001 2,000,000.00 1,983,400.00 1,980,547.22 AAA 2.457 149 08/28/2002 Subtotal and Average 416,101.23 4,160,000.00 4,133,596.00 4,130,686.68 2.179 115 Rolling Repurchase Agreements SYS00-2001b 01-2002 Union Bank 10/02/2001 0.00 0.00 0.00 1.100 1.115 1 Subtotal and Average 0.00 0.00 0.00 0.00 0.000 1 Total and Average 23,512,762.89 109,825,154.11 110,711,611.84 109,735,482.13 4.524 494 Portfolio CITY AP Run Dale:04/16/2002-12:28 PM(PRF_PM2)SyrnRept V6.21 City of HB Portfolio Management Page 5 Portfolio Details - Cash March 31, 2002 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 833.33 833.33 0 Subtotal 833.33 833.33 Total Cash and Investmentss 108,022,090.63 109,825,154.11 110,712,445.17 109,736,315.46 4.524 494 Portfolio CITY AP Run Date:04/16/2002.12:28 PM(PRF_PM2)SyrnRept V6.21 City of HB Portfolio Management Page 6 Activity By Type March 1, 2002 through March 31, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 312925AT7 3069 Federal Home Loan Mort Corp 5.000 03/19/2002 984,375.00 0.00 Subtotal 984,375.00 0.00 49,067,802.78 Local Agency Investment Funds (Monthly Summary) SYS982 982 Lail City 2.861 1,800,000.00 0.00 SYS2206 2206 LAIF-Redevelopment Agency 2.861 2,200,000.00 3,250,000.00 Subtotal 4,000,000.00 3,250,000.00 38,079,154.11 Treasury Securities-Coupon Subtotal 4,000,942.37 Medium Term Notes Subtotal 12,457,293.97 Commercial Paper Disc.-Amortizing 02581SC82 3062 American Express 1.750 03/08/2002 0.00 1,000,000.00 02581SCN9 3063 American Express 1.750 03/22/2002 0.00 1,000,000.00 Subtotal 0.00 2,000,000.00 1,999,602.22 Federal Agency Disc.-Amortizing 313313WQ7 3071 Federal Farm Credit Bank 1.790 03/26/2002 1,157,404.50 0.00 313589C27 3072 Fed.Nat'l Mort.Assoc. 2.000 03/26/2002 992,055.56 0.00 Subtotal 2,149,460.06 0.00 4,130,686.68 Rolling Repurchase Agreements Subtotal 0.00 Total 7,133,835.06 5,250,000.00 109,735,482.13 Portfolio CITY AP Run Date 04/16/2002-12:28 PM(PRF_PM3)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary March 2001 through March 2002 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 2001 79 119,040,640.85 5.984 6.067 5.976 22 20 747 447 April 2001 80 120,264,247.10 5.879 5.960 5.760 22 21 773 474 May 2001 86 125,735,513.10 5.679 5.758 5.328 21 15 788 489 June 2001 81 126,800,495.90 5.558 5.635 4.958 8 13 799 485 July 2001 79 121,645,128.94 5.415 5.490 4.635 21 23 841 513 August 2001 72 110,517,156.02 5.362 5.436 4.502 10 17 833 500 September 2001 67 110,925,431.97 5.049 5.119 4.288 17 21 836 534 October 2001 67 109,164,557.55 5.033 5.103 4.288 4 4 832 516 November 2001 68 107,728,573.17 4.685 4.750 3.526 6 5 827 508 December 2001 70 109,005,141.93 4.503 4.565 3.261 7 5 825 493 January 2002 68 110,328,920.19 4.404 4.466 3.068 4 6 809 468 February 2002 69 108,193,466.33 4.503 4.566 2.967 4 3 874 564 March 2002 70 108,022,090.63 4.462 4.524 2.861 3 2 876 494 Average 74 114;439,932.14 5.117% 5.188% 4.263 11 12 820 494 Portfolio CITY AP Run Date:04/16/2002-12:28 PM(PRF_PM4)SyrnRept V6.21 Report Ver.5.00 City of 1113 Portfolio Management Page 8 Distribution of Investments By Type March 2001 through March 2002 March April May June July August September October November December January February March Average Security Type 2001 2001 2001 2001 2001 2001 2001 2001 2001 2001 2002 2002 2002 by Period Repurchase Agreements 1.7 1.5 0.3% .................. ... .. .................. ...... ..............-.............. ................................................ ........................... ..... .... .......................................... .................. ....................... ........................................................-............................... .......... . ............. ................... . .................. Certificates of Deposit ..........- ............ Commercial Paper-Interest Bearing .. . 1... . ... .............. �_ ................. ...... ................. .... ........ .............................. ... ............ .................................................. ............ .. .......... ...... .............................- ............ . ....................................................-...................................................... .......... ....... ... .........................- Federal Agency Issues-Coupon 42.7 44.7 44.5 43.5 42.7 40.4 39.6 39.5 40.0 41.7 40.5 44.6 44.7 42.2% . ....................... ............................- . .............. .. ......................................................... .. ..... .... .........................................................__........ .. . .......................................................................................... . .......... ......... .. ..................--- Local Agency Investment Funds 31.3 32.0 30.8 32.0 28.3 35.0 36.0 36.6 35.5 31.7 35.8 34.6 34.7 33.4% Treasury Securities-Coupon 5.0 4.8 4.6 4.9 5.2 5.3 3.6 3.7 3.6 3.6 3.6 3.7 3.7 4.20 . .......... .. . .... . ...................................................... . ..... .. . ... ....... ..........................................- ......................... ......................... . ....................... Medium Term Notes 11.8 10.6 11.0 11.5 12.4 12.5 11.2 11.4 11.3 11.3 11.2 11.6 11.4 11.5% ............... .......I............... ......... ............... ............ . .......... ........................ .....................................- ...................... - ............- Negotiable CD's Certificates of Deposit-Bank ....... ....... ..................... . ..................................................... ........... ... ......................................-..........-.... ......... ............... . ................. .................. Mortgage Backed Securities .................. ................................ .......................... . ................................................ ... ........ .................... .............................. .............. ...... ... . ......... ................ ............ ............. .......... Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 5.9 4.8 7.7 6.6 9.7 5.1 5.2 5.3 5.4 9.9 7.2 3.7 1.8 6.0% . .. r -- ........ .............. ............................. .................................. .......... . ... . ........ ........ ..........................................._........ ..... .......................................................................................- ...... ... ...............................................- Federal Agency Disc.-Amortizing 1.6 1.6 1.5 1.6 1.7 1.8 4.5 3.6 3.6 1.8 1.8 1.8 3.8 2.4% ..... .... .. . ......... .................................... ....... ... ..................... .................................................... ... ......................................... . . ......-. . ................................................ . ......... Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing . ............... ......... . ....... ..................... .................................. .. .. ....... . .. .......... .. ......... ............-.... ......................... .. ............................................... .................. Rolling Repurchase Agreements 0.6 0.1% ....................... . ............ .......... ........................ ........................ ........... ..... ................ .................................................. ......................-....... .......- .................. .. ...... ...................................................................-.................. ............... Portfolio CITY AP Run Date:04/16/2002-12:28 PM(PRF_PM5)SyrnRept V6.21 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 03/31/2002 Carrying Cost Plus Accrued Description Accrued Interest Amortized Cost Fair Value Interest Purch. United States Treasury: Bills $ 792,847,736.18 $797,508,166.69 . $797,410,000.00 NA Notes $ 5,994,690,909.66 $ 5,979,081,386.85 $ 5,992,553,000.00 $ 70,057,147.50 Federal Agency: SBA $248,945,284.47 $248,945,284.47 $248,461,311.15 $ 965,308.68 MBS $ 572,948,501.57 $ 572,948,501.57 $ 573,892,783.96 $2,894,343.26 Bonds $4,108,550,641.95 $4,108,227,375.29 $4,122,779,769.55 $ 53,796,087.70 Floaters $- $ - $ - $ - Discount Notes $9,100,703,490.18 $9,225,187,190.83 $9,235,613,038.00 NA FHLMC PC $ 7,874,878.28 $ 7,874,878.28 $8,584,490.79 $ 126,619.49 GNMA $804,484.67 $804,484.67 $927,378.41 $7,977.90 Bankers $ 17,877,221.82 $ 17,966,729.96 $ 17,965,727.63 NA Acceptances Bank Notes $625,005,667.97 $625,005,667.97 $625,701,502.00 $ 18,161,872.50 CDs $ 5,835,097,928.23 $ 5,835,054,664.34 $ 5,834,416,391.30 $30,545,308.32 Commercial Paper $9,341,293,494.43 $9,358,122,548.62 $9,358,352,625.00 NA Corporate: Floaters $944,302,925.76 $944,302,925.76 $937,705,938.48 $2,429,722.97 Bonds $ 1,505,720,786.85 $ 1,504,513,130.61 $ 1,508,250,326.90 $26,353,858.55 Repurchase $ $ _ $_ NA Agreements Reverse Repurchase $ (1,002,512,500.00) $ (1,002,512,500.00) $ (1,002,512,500.00) $ (4,810,529.43) Time Deposits $ 5,204,195,000.00 $ 5,204,195,000.00 $ 5,204,195,000.00 NA AB 55 & GF Loans $3,468,837,686.53 $ 3,468,837,686.53 $3,468,837,686.53 NA i TOTAL $46,7.67,184,138.55 $46,896,063,122.44 $46,933,134,469.70 $200,527,717.44 Fair Value Including Accrued Interest $47,133,662,187.14 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 (1.000790500). As an example: if an agency has an account balance of 520:000,000.00, then the agency would report its participation in the LAIF valued at $20,015,810.00 or$20,000.000.00 x 1.000790500. Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of March 31, 2002 Summary of investments by type Market Value Market Value Par Value Investment Type as of 2/28/02 as of 3/31/02 $6,142,885 Local Agency Investment Fund(LAIF) 16,143,664 6,142,885 $36,726,344 Investment Agreements 39,023,010 36,726,344 $4,421,330 Federal Government Agency 4,310,068 4,233,286 $2,161,563 Money Market Funds 3,836,899 2,161,563 $10,193,139 US Treasury Securities 10,100,317 10,174,E 1 G $59,645,261 73,413,958 59,438,694 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 2/28/02 as of 3/31/02 $31,113,298 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 33,855,868 30,925,255 $2,702,766 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) 2,627,835 2,702,766 $7,774,007 City of Huntington Beach-2001 Community Facilities District(Golden Coast-Hyatt) 17,928,897 7,774,007 $3,770,442 Huntington Beach PFA- 2000 Series A(Water System Impv., Beach Maintenance Facility, Energy Retrofit) 4,626,373 3,770,442 $801,018 City of Huntington Beach- 1999 Tax Allocation Refunding Bonds 801,018 782,495 $2,121,224 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 2,119,705 2,121,22A $163,464 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 163,474 163,4 $40,937 City of Huntington Beach- 1993 Refunding COP(Police Administration Bldg. Refinance Project) 84 40,93/ $52,152 City of Huntington Beach- 1993 Refunding COP(Civic Center Refinance. Refinance Project) 0 52,152 $8,968,829 Huntington Beach Public Finance Authority-Revenue Bonds 1992 Series, Escrow Account 8,968,829 8,968,829 $1,990,888 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 1,990,836 1,990,888 $113,199 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 199,245 113,199 $27,048 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 124,815 27,048 $5,988 City of Huntington Beach-Community Facilities District No. 1990-1 (Goldenwest/Ellis Area) 6,979 5,988 $59,645,261 73,413,958 59,438,694 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2002 Beginning Distributions/ balance Contributions/ Transfers/ Earnings Ending Balance (12-31-01) Transfers Payments (change in value) Other (3-31-02) ICMA Retirement Corporation (457 Plan) 15,916,593 304,558 (256,936) (13,299) (37,591) 15,913,325 ICMA Retirement Corporation (401 Plan) $69,432 $19,417 $0 ($165) $0 88,68 Nationwide Retirement Solutions $40,044,069 $989,241 ($953,542) $312,601 $0 40,392,368 Trust Deeds $518,539 $0 $0 $0 $0 518,539 Total 457 &401 Plan Balances $56,548,633 $1,313,216 ($1,210,478) $299,137 ($37,591) 56,912,916 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: March 2002 Investment Summary Report COUNCIL MEETING DATE: May 6, 2002 RCA ATTACHMENTS STATUS, Ordinance (w/exhibits & legislative draft if applicable Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED .*.RETURNED FOR:.. °.rRDED Administrative Staff Assistant City Administrator Initial City Administrator (initial) Gz.� rCity Clerk �.3 .-EXPLANATION FOR RETURN OF ITEM; Only)(Below Space For City Clerk's Use RCA Author: Treasurer's Repot-Shari L.Freidenrich,CPA,CCMT. o c c • ti � March Treasurer's Report 3 C N S } ' GJl c p D Shari L. Freidenrich, CPA, CCMT May 6, 2002 Slide 1 Treasurer's Report-Shari L.Freidenrich, CPA, CCMT Investment Balance Trends Portfolio Balances byy Typpe $76M $86M $112M $121 M $110M $nn109M 100% V V ■Treasuries 80% ®Med Notes ED LAIF 60% _= x ®Fed Ag. 40% ❑CID ®BA 20% ❑Repur. 0% Slide 2 Mar-98 Mar-99 Mar-00 Mar-01 Dec-01 Mar-02 Ca M1' ! c l 3 (�Nt � o(� Treasurer's Report-Shari L..Freidenrich, CPA, CCMT Investment Percentages By Type of Investment LAIF Fede al '' fi 35% Agen 45 erm Cpmmerci �` r ec. Slide 3 4/o 3% 2 Treasurer's Report-Shari L. Freidenrich, CPA, CCMT Liquidity Investment Maturities by Days, Ending March 2001/2002 45% 35% 35% 11 Day 35% ' El 2-180 Days 61.5-1 Yr. 25% 19 1°2% 17% ° Il 1 -1.5 Yr. 15% 8% 5%5°/ 01.5-2 Yr. a. E 2-3Yr. 5% ®3 -4Yr. 04 2%. °14%t o b7o 12% / Slide 4 2001 2002 1 Treasurer's Report-Shari L. Freidenrich, CPA, CCMT All Funds Estimated Net Cash Flow and Maturing Investments - Next 6 Months $9,000,000 $2,700,000 $6,000,000 $3,000,000 $0 ($3,000,000) ($6,000,000) $3,154,000 $4,915,000 ($3,704,000) ($9,000,000) $4,359 000 ($12,000,000) Apr-02 May-02 Jun-02 Jul-02 Aug-02 Sep-02 Net C_--i_rs-hl Flow ■ Maturing Investments Slide 5 Treasurer's Report-Shari L.Freidenrich, CPA, CCMT Investment Yields Trends 0 LAIF/T-Bill Ave. 0 Actual — LAIF 8.00% 6.31% 7.00% ° 6.00% 4.82% 4 66% 5.00% ° 2.71% 2.57°/ 4.00% 3.00% 1.00% 0.00% Mar-01 Sep-01 Dec-01 Mar-02 Slide 6 �310.20) CITY OF HUNTINGTON BEACH ' MEETING DATE: April 15, 2002 DEPARTMENT ID NUMBER: CT 02-09 Council/Agency Meeting Held: Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied ler ' Signature Council Meeting Date: April 15, 2002 Department ID Number: (9 on a CITY OF HUNTINGTON BEACH ��= REQUEST FOR COUNCIL ACTION c7 :o SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS _ SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer PREPARED BY: SHARI L. FREIDENRICH, City Treasur SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S FEBRUARY 2002 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the monthly investment report for February 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for February 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not applicable. G:\TREAS\RCA\RCA 2001-02\RCACT 02-09 Feb Investment Summary rev.doc -2- 3/25/2002 12:43 PM REQUEST FOR COUNCIL ACTION MEETING DATE: April 15, 2002 DEPARTMENT ID NUMBER: CT 02-09 Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for February, 2002 y 2. Schedule of Bond Investments Em- „ � 3. Deferred Compensation Plan Summary Information RCA Author: G:\TREAS\RCA\RCA 2001-02\RCACT 02-09 Feb Investment Summary rev.doc -3- 3/25/2002 12:43 PM Monthly Investment Report and Summary of Investments for February 2002 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for February, 2002 City Investment Portfolio: January February Inc./(Dec.) End of month City Portfolio Balance $111,338,609 $107,840,947 ($3,497,662) Earned Interest Yield Average 4.46% 4.79% 0.33% Average Maturity ( in days) 468 504 36 End of Month Market Value $113,013,316 $109,523,571 ($3,489,746) End of month bank cash balance $3,889,544 $3,989,482 $99,937 Bond Proceeds Investments: January February Inc./(Dec.) End of Month Bond Reserve Cost Value $106,317,040 $73,528,590 ($32,788,450) End of Month Bond Reserve Market Value $106,169,111 $73,413,598 ($32,755,513) Deferred Compensation Investments:* 9/30/2001 12/31/2001 Inc./(Dec.) Participant Balances $52,640,218 $56,548,633 $3,908,415 Comparison to Budget/ City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $333,333 $397,546 $64,213 Interest Earned Year to Date $1,666,665 $2,118,476 $451,811 Earned Interest Yield Year to Date 4.50% 4.70% 0.20% *Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. February % of Total Policy Limit to Mat. Rate Federal Agy Issues - Coupon $48,082,780 44% None 952 5.52% Local Agency Inv. Fund (LAIF) $37,329,154 35% $40 million 1 2.97% Treasury Securities - Coupon $4,001,132 4% None 338 5.65% Medium Term Notes $12,456,223 11% 20% 545 6.55% Commercial Paper- Disc. $3,995,158 4% 25% 24 1.80% Federal Agy Issues -Amort. $1,976,500 2% None 180 2.46% $107,840,947 100% AA4 City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary February 28, 2002 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 48,105,000.00 49,187,058.65 48,082,779.77 44.59 1,489 952 5.443 5.518 Local Agency Investment Funds 37,329,154.11 37,329,154.11 37,329,154.11 34.62 1 1 2.926 2.967 Treasury Securities-Coupon 4,000,000.00 4,114,840.00 4,001,131.73 3.71 1,300 338 5.576 5.653 Medium Term Notes 12,481,000.00 12,915,538.19 12,456,223.18 11.55 1,323 545 6.462 6.551 Commercial Paper Disc.-Amortizing 4,000,000.00 3,995,180.00 3,995,158.33 3.70 52 24 1.775 1.799 Federal Agency Disc.-Amortizing 2,000,000.00 1,981,800.00 1,976,500.00 1.83 342 180 2.423 2.457 Investments 107,915,154.11 109,523,570.95 107,840,947.12 100.00% 874 504 4.503 4.566 Total Earnings February 28 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 397,545.68 2,118,475.64 Current Budget 333,333.33 1,666,666.65 4,000,000.00 Last Year Actual 495,266.60 2,317,098.61 6,375,940.94 Average Daily Balance 108,193,466.33 108,905,506.37 Effective Rate of Return 4.79% 4.70% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 17,2001. A copy of this policy is available at the office of the City Clerk. The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. 3- z9-o Z SHA F EI N ICH,CITY TREASURER Portfolio CITY AP Run Date:03/08/2002-09:29 PM(PRF PM1)SymRepl V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments February 28, 2002 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 31331HWT0 2892 Federal Farm Credit Bank 05/03/1999 1,000,000.00 1,005,940.00 999,949.91 5.250 AAA 5.283 61 05/01/2002 31331NPB4 2958 Federal Farm Credit Bank 07/13/2000 1,000,000.00 1,007.970.00 1,000,418.04 7.170 AAA 6.860 55 04/25/2002 31331LWC8 3053 Federal Farm Credit Bank 12/17/2001 1,000,000.00 1,005,000.00 1,000,000.00 3.490 AAA 3.490 656 12/17/2003 3133M2SM0 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 1,032,030.00 1,000,000.00 6.200 AAA 6.200 304 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 1,032,810.00 1,000,000.00 6.215 AAA 6.215 312 01/07/2003 3133M7NM4 2871 Federal Home Loan Bank 03/05/1999 1,000,000.00 1,017,500.00 1,000,000.00 5.390 AAA 5.390 188 09/05/2002 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,035.000.00 996,548.28 5.125 AAA 5.380 563 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,036,720.00 1,001,033.71 5.630 AAA 5.546 550 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,147,133.65 1,106,809.82 5.690 AAA 5.540 475 06/19/2003 3133M8LR3 2889 Federal Home Loan Bank 05/10/1999 1,000,000.00 1,006,870.00 1,000,000.00 5.625 AAA 5.625 801 05/10/2004 3133M8UR3 2898 Federal Home Loan Bank 06/07/1999 1,000,000.00 1,010,620.00 1,000,000.00 6.000 AAA 6.000 829 06/07/2004 3133MAWZ8 2942 Federal Home Loan Bank 03/07/2000 1,000,000.00 1,050,470.00 1,000,000.00 7.440 AAA 7.440 1,102 03/07/2005 3133MBKR7 2951 Federal Home Loan Bank 06/05/2000 1,000,000.00 1,061,560.00 1,000,000.00 7.625 AAA 7.625 461 06/05/2003 3133MBT49 2960 Federal Home Loan Bank 07/26/2000 1,000,000.00 1,020,470.00 1,000,000.00 7.200 AAA 7.200 878 07/26/2004 3133MCA96 2973 Federal Home Loan Bank 10/11/2000 1,000,000.00 1,029,060.00 1,000,000.00 7.000 AAA 7.000 1,320 10/11/2005 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,103,120.00 2,000,000.00 6.330 AAA 6.330 1,382 12/12/2005 3133MCRQO 2988 Federal Home Loan Bank 01/17/2001 1,000,000.00 1,029,220.00 1,000,000.00 6.030 AAA 6.030 1,418 01/17/2006 3133MDBB8 2996 Federal Home Loan Bank 02/27/2001 1,000,000.00 1,016,720.00 1,000,000.00 5.550 AAA 5.550 910 08/27/2004 3133MDR96 2999 Federal Home Loan Bank 03/30/2001 1,000,000.00 1,018,280.00 1,000,000.00 5.340 AAA 5.340 944 09/30/2004 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,018,750.00 1.000,000.00 5.250 AAA 5.250 1.663 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,019,060.00 1,000,000.00 5.000 AAA 5.000 1.305 09/26/2005 3133MKND5 3054 Federal Home Loan Bank 12/27/2001 1,000,000.00 1,010,310.00 1,000,000.00 4.610 AAA 4.610 1.214 06/27/2005 312923CU7 2989 Federal Home Loan Mort Corp 01/18/2001 1,000,000.00 1,011,870.00 1,000,000.00 5.320 AAA 5.320 139 07/18/2002 312923WL5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000,000.00 1,025,470.00 1,000,000.00 5.530 AAA 5.530 1,515 04/24/2006 312923ZY4 3017 Federal Home Loan Mort Corp 05/18/2001 1,000,000.00 1,007,030.00 998,147.63 5.700 AAA 5.751 1,530 05/09/2006 3129236G5 3031 Federal Home Loan Mort Corp 07/26/2001 1,000,000.00 1,012,660.00 1,000,000.00 5.700 AAA 5.700 1,608 07/26/2006 3129236G5 3033 Federal Home Loan Mort Corp 07/26/2001 1,000,000.00 1,012,660.00 999,724.83 5.700 AAA 5.707 1,608 07/26/2006 312924MC4 3044 Federal Home Loan Mort Corp 10/17/2001 1,000,000.00 1,001,630.00 1,000,000.00 3.310 AAA 3.310_ 595 10/17/2003 31364C4D7 2800 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,017,810.00 999.382.67 6.150 AAA 6.320 157 08/05/2002 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,052,340.00 1,000,000.00 5.910 AAA 5.909 749 03/19/2004 31364GM63 2890 Fed.Nat'l Mort.Assoc. 05/05/1999 1,000,000.00 1,006,140.00 1,000,000.00 5.780 AAA 5.780 796 05/05/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,055,940.00 993,557.15 6.000 AAA 6.343 808 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,062,030.00 1,000,000.00 7.300 AAA 7.300 1,242 07/25/2005 31364KVC1 2966 Fed.Nat'l Mort.Assoc. 09/13/2000 1,000,000.00 1,025,620.00 1,000,000.00 7.000 AAA 7.000 1,292 09/13/2005 31364KYH7 2976 Fed.Nat'l Mort.Assoc. 11/09/2000 1,000,000.00 1,028,910.00 1,000,000.00 6.500 AAA 6.500 616 11/07/2003 313641<51-0 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1,000,000.00 1,032,970.00 1,000,000.00 5.550 AAA 5.550 1,476 03/16/2006 Portfolio CITY AP Run Date:03/08/2002-09:29 PM(PRF_PM2)SymRept V8.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments February 28, 2002 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 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,025,780.00 1,000,000.00 5.300 AAA 5.300 1,489 03/29/2006 3136FOEW8 3009 Fed.Nat'l Mort.Assoc. 04/23/2001 1,000,000.00 1,024.840.00 999,741.15 5.510 AAA 5.517 1,508 04/17/2006 3136FOJP8 3011 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,027,810.00 1,000,000.00 5.625 AAA 5.625 1,536 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1.029,060.00 995,777.59 5.550 AAA 5.666 1.537 05/16/2006 3136FO3EO 3046 Fed.Nat'l Mort.Assoc. 11/19/2001 1,000,000.00 997,500.00 1,000,000.00 3.625 AAA 3.625 994 11/19/2004 3136FO4Z2 3051 Fed.Nat'l Mort.Assoc. 11/16/2001 1,000,000.00 992,190.00 996,614.92 3.400 AAA 3.533 990 11/15/2004 3136F1CF5 3055 Fed.Nat'l Mort.Assoc. 12/27/2001 2,000,000.00 2,002,500.00 2.000,000.00 2.350 AAA 2.350 301 12/27/2002 3136F1KV1 3064 Fed.Nat'l Mort.Assoc. 02/14/2002 1,000,000.00 1,011,095.00 1,000,000.00 5.010 AAA 5.010 1,811 02/14/2007 3136F1JX9 3065 Fed.Nat'l Mort.Assoc. 02/15/2002 1,000,000.00 1,004,060.00 995,074.07 4.100 AAA 4.279 1,082 02/15/2005 3136F1MR8 3066 Fed.Nat'l Mort.Assoc. 02/25/2002 1,000,000.00 1,004,530.00 1,000,000.00 4.350 AAA 4.350 1,273 08/25/2005 Subtotal and Average 1,176,089.12 48,105,000.00 49,187,058.65 48,082,779.77 5.518 952 Local Agency Investment Funds SYS982 982 Laif City 18,114,662.17 18,114,662.17 18,114,662.17 2.967 NR 2.967 1 SYS2206 2206 LAIF-Redevelopment Agency 19,214,491.94 19,214,491.94 19,214,491.94 2.967 NR 2.967 1 Subtotal and Average 11,614,662.17 37,329,154.11 37,329,154.11 37,329,154.11 2.967 1 Treasury Securities-Coupon 91282741<5 2875 United States Treasury Note 02/22/1999 1,000,000.00 1,037,810.00 1,003,154.11 5.375 AAA 5.106 486 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,037,810.00 997,647.91 5.250 AAA 5.431 532 08/15/2003 9128273C4 2897 United States Treasury Note 05/17/1999 1,000,000.00 1,017,660.00 1,002,007.90 6.000 AAA 5.464 152 07/31/2002 9128273G5 2945 United States Treasury Note 03/28/2000 1,000,000.00 1,021,560.00 998,321.81 6.250 AAA 6.615 183 08/31/2002 Subtotal and Average 998,198.01 4,000,000.00 4,114,840.00 4,001,131.73 5.653 338 Medium Term Notes 046003JP5 2857 Associated Corp. 11/06/1998 1,000,000.00 1,014,070.00 1,000,771.96 5.875 Aa3 5.640 136 07/15/2002 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 1,030,620.00 995,033.32 5.400 Aaa 5.700 703 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 506,488.19 472,698.73 6.250 Aa3 6.800 1,371 12/01/2005 201615DG3 2965 Citifinancial 09/12/2000 1,000,000.00 1,022,680.00 997,324.79 6.375 Aa3 6.915 198 09/15/2002 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000,000.00 1,039,780.00 995,598.84 6.267 Aaa 6.620 509 07/23/2003 36962GUA 2977 General Electric Capital Corp 11/07/2000 1,000,000.00 1,058,860.00 1,002,976.43 6.810 Aaa 6.610 612 11/03/2003 580135CA7 2851 McDonald's 06/30/1998 1,000,000.00 1,011,520.00 1.000,135.21 6.000 Aa2 5.950 114 06/23/2002 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,092,950.00 998,574.89 7.500 Aa3 7.559 1,078 02/11/2005 84534ECS5 2827 Southwestern Bell 01/12/1998 1,000,000.00 1,019,760.00 999,290.87 5.730 Aa2 5.858 234 10/21/2002 17306EAC8 2955 Citigroup 06/06/2000 2,000,000.00 2,026,380.00 1,999,923.47 7.450 Aa2 7.466 97 06/06/2002 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,033,220.00 998,382.02 5.750 Aa2 5.795 1,531 05/10/2006 Portfolio CITY AP Run Date:03/082002-09:29 PM(PRF_PM2)SymRept V6.21 City of HB Portfolio Management Page 4 Portfolio Details - Investments February 28, 2002 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 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,059,210.00 995,512.65 6.700 Al 6.920 843 06/21/2004 Subtotal and Average 998,365.47 12,481,000.00 12,915,538.19 12,456,223.18 6.551 545 Commercial Paper Disc.-Amortizing 02581SC82 3062 American Express 01/25/2002 1,000,000.00 999,660.00 999,659.72 1.750 A1P1 1.778 7 03/08/2002 02581SCN9 3063 American Express 01/25/2002 1,000,000.00 998,960.00 998,979.17 1.750 A1131 1.779 21 03/22/2002 36959JD59 3067 General Electric Capital Corp 02/08/2002 2,000,000.00 1,996,560.00 1,996,519.44 1.790 Aaa 1.820 35 04/05/2002 Subtotal and Average 1,496,643.75 4,000,000.00 3,995,180.00 3,995,158.33 1.799 24 Federal Agency Disc.-Amortizing 313397D65 3043 Federal Nat'l Mort.Corp. 09/20/2001 2,000,000.00 1,981,800.00 1,976,500.00 AAA 2.457 180 08/28/2002 Subtotal and Average 1,974,737.50 2,000,000.00 1,981,800.00 1,976,500.00 2.457 180 Rolling Repurchase Agreements SYS00-2001b 01-2002 Union Bank 10/02/2001 0.00 0.00 0.00 1.100 1.115 1 Subtotal and Average 59,857.14 0.00 0.00 0.00 0.000 1 Total and Average 18,318,553.17 107,915,154.11 109,523,570.95 107,840,947.12 4.566 504 Portfolio CITY AP Run Dale:03/08/2002-09:29 PM(PRF_PM2)SymRepl V6.21 City of HB Portfolio Management Page 5 Activity By Type February 1, 2002 through February 28, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3136171KV1 3064 Fed.Nat'l Mort.Assoc. 5.010 02/14/2002 1,000,000.00 0.00 3136F1JX9 3065 Fed.Nat'l Mort.Assoc. 4.100 02/15/2002 995,000.00 0.00 3136171MR8 3066 Fed.Nat'l Mort.Assoc. 4.350 02/25/2002 1,000,000.00 0.00 Subtotal 2,995,000.00 0.00 48,082,779.77 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 2.967 7,000,000.00 0.00 SYS2206 2206 LAIF-Redevelopment Agency 2.967 3,750,000.00 13,250,000.00 Subtotal 10,750,000.00 13,250,000.00 37,329,154.11 Treasury Securities-Coupon Subtotal 4,001,131.73 Medium Term Notes Subtotal 12,456,223.18 Commercial Paper Disc.-Amortizing 36959JD59 3067 General Electric Capital Corp 1.790 02/08/2002 1,994,431.11 0.00 61745BB89 3058 Morgan Stanley Dean Witter 02/08/2002 0.00 2,000,000.00 71708FBN1 3061 Pfizer,Inc. 1.680 02/22/2002 0.00 2,000,000.00 7954W 1 B51 3060 Salomon SB Holdings 1.740 02/05/2002 0.00 2,000,000.00 Subtotal 1,994,431.11 6,000,000.00 3,995,158.33 Federal Agency Disc.-Amortizing Subtotal 1,976,500.00 Rolling Repurchase Agreements SYS00-2001b 01-2002 Union Bank 1.100 1,028,000.00 1,028,000.00 Subtotal 1,028,000.00 1,028,000.00 0.00 Total 16,767,431.11 20,278,000.00 107,840,947.12 Portfolio CITY AP Run Date:03/08/2002-09:29 PM(PRF_PM3)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 6 Activity Summary February 2001 through February 2002 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 2001 77 119,106,149.12 6.070 6.154 6.169 24 27 727 429 March 2001 79 119,040,640.85 5.984 6.067 5.976 22 20 747 447 April 2001 80 120,264,247.10 5.879 5.960 5.760 22 21 773 474 May 2001 86 125,735,513.10 5.679 5.758 5.328 21 15 788 489 June 2001 81 126,800.495.90 5.558 5.635 4.958 8 13 799 485 July 2001 79 121,645,128.94 5.415 5.490 4.635 21 23 841 513 August 2001 72 110,517,156.02 5.362 5.436 4.502 10 17 833 500 September 2001 67 110,925,431.97 5.049 5.119 4.288 17 21 836 534 October 2001 67 109,164,557.55 5.033 5.103 4.288 4 4 832 516 November 2001 68 107,728,573.17 4.685 4.750 3.526 6 5 827 508 December 2001 70 109,005,141.93 4.503 4.565 3.261 7 5 825 493 January 2002 68 110,328,920.19 4.404 4.466 3.068 4 6 809 468 February 2002 69 108,193,466.33 4.503 4.566 2.967 4 3 874 504 Average 74 115,278,627.21 5.240% 5.313% 4.517 13 14 809 489 Portfolio CITY AP Run Date:03/08/2002-09:29 PM(PRF_PM4)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Distribution of Investments By Type February 2001 through February 2002 February March April May June July August September October November December January February Average Security Type 2001 2001 2001 2001 2001 2001 2001 2001 2001 2001 2001 2002 2002 by Period Repurchase Agreements 2.5 1.7 1.5 0.5% _. - .. . . ........ ._... ......... .........- ......... - ......... _.._ ......... ......... -......... ...._.. Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 41.9 42.7 44.7 44.5 43.5 42.7 40.4 39.6 39.5 40.0 41.7 40.5 44.6 42.0% ....---- ._. .....__... . . . ...... .. ..... Local Agency Investment Funds 31.9 31.3 32.0 30.8 32.0 28.3 35.0 36.0 36.6 35.5 31.7 35.8 34.6 33.2% Treasury Securities-Coupon 5.0 5.0 4.8 4.6 4.9 5.2 5.3 3.6 3.7 3. 0. __ ........ . ....... .. . Medium Term Notes 12.0 11.8 10.6 11.0 11.5 12.4 12.5 11.2 11.4 11.3 11.3 11.2 11.6 11.5% . _.._..-_ - ..._.... ......... ........ ....... ......... ......... ........ _....... ........ ......... ...._... ..._._. ......... _ ......... ..._.. ..... ._.. ... Negotiable CD's -- - ------- ........ . _._ . .......... Certificates of Deposit-Bank . .. .........--- ...___.- ........ _ _ _.._... ........ -_ ......... .................. .........- . ................................_._........................................................................- ......... .... ......... ......... ........... ........ .......... Mortgage Backed Securities .._.._._ ......... ...._....._ ......... ..... - ........................... ........... - ......... .............. ......... ......... ....._.. ........ ......... ...... .... ......_.. ...................................................... Bankers Acceptances-Amortizing - ---- -------- Commercial Paper Disc.-Amortizing 5.0 5.9 4.8 7.7 6.6 9.7 5.1 5.2 5.3 5.4 9.9 7.2 3.7 6.3% ... .... .. .. --_.. ....... ........ ......._. ......... ..........- ...._..... .._....._ ..........- - _._... ....._._ - ......... ......... ......... ....__..... ......... Federal Agency Disc.-Amortizing 1.6 1.6 1.6 1.5 1.6 1.7 1.8 4.5 3.6 3.6 1.8 1.8 1.8 2.2% _._..... . .. -..... .... ... ... ......... ......... ......... ......... ... ..... ...- . Treasury Discounts-Amortizing ..... ..... . ...........__... Miscellaneous Discounts-Amortizing _ .. ............. .. ......... .. .... . .... .. ......... ..... ..........................._............_... Rolling Repurchase Agreements 0.6 0.1% ...... .._ _ _ ....._.._. ._. ...... _ _........_ .. ......... ......... ......... . . ......... ._ .. ... _.. ........ . ....... ................. Portfolio CITY AP Run Date:03/08/2002-09:29 PM(PRF_PM5)SyrnRepl V6.21 Report Ver.5.00 Pagel of 2 State of California Pooled Money Investment Account Market Valuation 02/28/2002 Description Carrying Cost Plus Fair Value Accrued Interest Accrued Interest Purch. United States Treasury: Bills $ 1,089,433,916.86 $ 1,095,863,000.00 NA Notes $ 5,695,780,583.56 $ 5,744,934,000.00 $53,409,430.00 Federal Agency: SBA $251,875,975.94 $251,385,673.50 $ 1,501,504.18 MBS $603,840,522.89 $609,824,348.01 $ 3,067,688.51 Bonds $3,958,772,539.61 $4,001,622,970.35 $41,142,612.79 Floaters $ - $- $ - Discount Notes 11,962,666,965.02 $ 12,141,825,469.68 NA FHLMC PC $8,126,098.59 $8,850,853.49 $ 130,629.18 GNMA $841,517.24 $972,386.87 $8,335.27 Bankers Acceptances $ 17,877,221.82 $ 17,938,709.80 NA Bank Notes $ 1,015,005,667.97 $ 1,016,708,997.60 $ 19,350,128.47 CDs $5,910,094,585.93 $ 5,911,456,544.55 $26,142,416.68 Commercial Paper $9,991,350,755.53 $ 10,020,093,111.39 NA Corporate: Floaters $ 994,302,925.76 $987,886,005.68 $2,156,829.55 Bonds $ 1,450,141,299.54 $ 1,463,817,586.12 $27,332,576.57 Repurchase Agreements $- $- NA Reverse Repurchase $ (606,437,500.00) $ (606,437,500.00) $ (534,449.58) Time Deposits $5,203,795,000.00 $ 5,203,795,000.00 NA AB 55 &GF Loans $ 3,048,301,686.53 $3,048,301,686.53 NA TOTAL $ 50,595,769,762.79 $ 50,918,838,843.57 $ 173,707,701.62 Fair Value Including Accrued Interest 1 $ 51,092,546,545.19 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). r Adobe Acrobat PDF version of this table. http://www.treasurer.ca.gov/1a]f/marketvaluation/02282002.htm 3/25/2002 Schedule of Bond Investments Attach ment 2 Schedule of Bond Investments Held by Fiscal Agent as of February 28, 2002 Summary of investments by type Market Value Market Value Par Value Investment Type as of 1/31/02 as of 2/28/02 $16,143,664 Local Agency Investment Fund(LAIF) 15,826,705 16,143,664 $39,023,010 Investment Agreements 42,390,920 39,023,010 $4,424,705 Federal Government Agency 4,287,722 4,310,068 $3,836,894 Money Market Funds 2,409,497 3,836,899 $10,100,317 US Treasury Securities 41,254,267 10,100,317 $73,528,590 $106,169,111 $73,413,958 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 1/31/02 as of 2/28/02 $33,970,500 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) 32,743,596 $33,855,868 $2,627,835 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) 2,627,813 $2,627,835 $17,928,897 City of Huntington Beach-2001 Community Facilities District(Golden Coast-Hyatt) 17,920,147 $17,928,897 $4,626,373 Huntington Beach PFA- 2000 Series A(Water System Impv.,Beach Maintenance Facility, Energy Retrofit) 7,379,180 $4,626,373 $801,018 City of Huntington Beach-1999 Tax Allocation Refunding Bonds 809,077 $801,018 $2,119,705 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project 2,118,004 $2,119,705 $163,474 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) 161,174 $163,47,. $84 City of Huntington Beach- T993 Refunding COP(Police Administration Bldg. Refinance Project) 13,674,999 $84 City of Huntington Beach- 1993 Refunding COP(Civic Center Refinance. Refinance Project) 17,396,495 $0 $8,968,829 Huntington Beach Public Finance Authority-Revenue Bonds 1992 Series, Escrow Account 9,060,310 $8,968,829 $1,990,836 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1992 Redevelopment Projects 2,047,824 $1,990,836 $199,245 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) 114,413 $199,245 $124,815 City of Huntington Beach-Multi-Family Housing Refunding Bonds(Huntington Village Apts.) 105,112 $124,815 $6,979 City of Huntington Beach-Community Facilities District No. 1990-1 (Goldenwest/Ellis Area) 10,967 $6,979 $73,528,590 106,169,111 $73,413,958 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2001 Beginning Distributions/ balance Contributions/ Transfers/ Earnings Ending Balance (9-30-01) Transfers Payments (change in value) Other (12-31-01) ICMA Retirement Corporation (457 Plan) 14,394,476 335,485 (124,737) 1,311,523 (154) 15,916,593 ICMA Retirement Corporation (401 Plan) $43,599 $21,924 $0 $3,909 $0 69,43-t Nationwide Retirement Solutions $37,683,604 $656,232 ($528,903) $2,233,136 $0 40,044,069 Trust Deeds $518,539 $0 $0 $0 $0 518,539 Total 457 & 401 Plan Balances $52,640,218 $1,013,641 ($653,640) $3,548,568 ($154) 56,548,633 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: February 2002 Investment Summary Report COUNCIL MEETING DATE: Aril 15, 2002 x� RCAATTACHMENTS 'x � STATUS Ordinance (w/exhibits & legislative draft if applicable Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over$5,000) Not Applicable Bonds If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLAN7 ION'FOR Mj$-�Sl N!Qz ATTACHMENTS c v. _x . REVLEWED_ RETURNED . _ ;jFORWARDED�m° Administrative Staff Assistant City Administrator Initial City Administrator Initial rCity Clerk �� 3 EXPLANATION FORRETURN OF$ITEM,_ Only)(Below Space For City Clerk's Use RCA Author: C= c -- o � o cn Treasurer's Report - Shari L. Freidenrich, CPA, CCMT -77 N n February rer' s Report S� spa' 0 Shari L . Freidenrich , CPA, CCMT April 15, 2002 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT February 2002 Investment Summary j Financial Information: January February Inc./(Dec.) End of month City Portfolio Balance $111 ,338,609 $107,840,947 $3,497,662) End of Month Market Value $111,671 ,419 $109,523,571 $2,147,848 Interest Eamed for Month $417,507 $397,546 $19,961 Eamed Interest Yield Year to Date 4.68% 4.70% 0.02% Average Maturity in.days 468 504 36 _ YTD Average Daily Balance $109,067,597 $108,905,506 ($162,091 'Summary by Investment Type: February % of Total Policy Limit Days to Mat. Rate j Federal Agy Issues - Coupon $48,082,780 44% None 952 5.52% Local Agency Inv. Fund LAIF $37,329,154 35% $40 million 1 2.97% Treasury Securities - Coupon $4,001 ,132 4% None 338 5.65% Medium Term Notes $12,456,223 11% 20% 545 6.55% _ Commercial Paper- Disc. $3,995,158 4% 25% 24 1 .80% Federal Agy Issues -Amort. $1 ,976,500 2% None 180 2.46% j Total $107,840,947 100% 1 CITY OF HUNTINGTON BEACH ' MEETING DATE: March 18, 2002 DEPARTMENT ID NUMBER: CT 02-07 Council/Agency Meeting Held: 03 01 Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied gyp- W Cle k s Signature Council Meeting Date: March 18, 2002 Department ID Number: CT 02-07 CITY OF HUNTINGTON BEACH T REQUEST FOR COUNCIL ACTION c _ti ) SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS r; SUBMITTED BY: SHARI L. FREIDENRICH, City Treasur c� PREPARED BY: SHARI L. FREIDENRICH, City Treasurer o SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JANUUY 2002 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 January 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept the monthly report. Following review of the report by motion of Council, accept the Monthly Investment Report for January 2002, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not applicable. G:\TREAS\RCA\RCA 2001-02\RCACT 02-07 Jan Investment Summary rev.doc -2- 2/26/02 11:30 AM REQUEST FOR COUNCIL ACTIR MEETING DATE: March 18,2002 DEPARTMENT ID NUMBER: CT 02-07 Attachment(s): City Clerk's Page Number No. Description 1. Monthly Investment Report and Summary of Investments for January, 2002 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information RCA Author: G:\TREAS\RCA\RCA 2001-02\RCACT 02-07 Jan Investment Summary rev.doc -3- 2126IO2 11:30 AM Monthly Investment Report and Summary of Investments for January 2002 Attachment 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, and Deferred Compensation Activity for January, 2002 City Investment Portfolio: December January Inc./(Dec.) End of month City Portfolio Balance $110,480,454 $111,338,609 $858,155 Earned Interest Yield Average 4.53% 4.46% -0.07% Average Maturity ( in days) 493 468 -25 End of Month Market Value $112,203,494 $113,013,316 $809,823 End of month bank cash balance $4,130,095 $3,889,544 ($240,551) Bond Proceeds Investments: December January Inc./(Dec.) End of Month Bond Reserve Cost Value $58,171,858 $106,317,040 $48,145,182 End of Month Bond Reserve Market Value $58,207,911 $106,169,111 $47,961,200 Deferred Compensation Investments:** 9/30/01 12/31/01 Inc./(Dec.) Participant Balances $52,640,218 $56,548,633 $3,908,415 Comparison to Budget/ City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $333,333 $417,507 $84,174 Interest Earned Year to Date $1,333,332 $1,720,930 $387,598 Earned Interest Yield Year to Date 4.50% 4.68% 0.18% "Deferred Compensation Statements are released quarterly Summary by Individual Investment in City Investment Portfolio: Days Int. January % of Total Policy Limit to Mat. Rate Federal Agy Issues - Coupon $45,087,301 40% None 950 5.58% Local Agency Inv. Fund (LAIF) $39,829,154 36% $40 million 1 3.07% Treasury Securities - Coupon $4,001,303 4% None 366 5.65% Medium Term Notes $12,455,152 11% 20% 573 6.55% Commercial Paper- Disc. $7,992,854 7% 15% 18 1.78% Federal Agy Issues - Amort. $1,972,845 2% None 208 2.46% $111,338,610 100% o �j City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary January 31, 2002 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 45,105,000.00 46,169,081.30 45,087,301.08 40.50 1,495 950 5.506 5.583 Local Agency Investment Funds 39,829,154.11 39,829,154.11 39,829,154.11 35.77 1 1 3.026 3.068 Treasury Securities-Coupon 4,000,000.00 4,120,610.00 4,001,302.76 3.59 1,300 366 5.576 5.653 Medium Term Notes 12,481,000.00 12,922,901.04 12,455,152.39 11.19 1,323 573 6.462 6.551 Commercial Paper Disc.-Amortizing 8,000,000.00 7,992,770.00 7,992,854.44 7.18 35 18 1.756 1.780 Federal Agency Disc.-Amortizing 2,000,000.00 1,978,800.00 1,972,844.44 1.77 342 208 2.423 2.457 Investments 111,415,154.11 113,013,316.45 111,338,609.22 100.00% 809 468 4.404 4.466 Total Earnings January 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 417,506.50 1,720,929.96 Current Budget 333,333.33 1,333,333.32 4,000,000.00 Last Year Actual 504,891.55 1,821,832.01 6,375,940.94 Average Daily Balance 110,328,920.19 109,067,596.79 Effective Rate of Return 4.46% 4.68% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 17,2001. A copy of this policy is available at the office of the City Clerk. The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. 2-2e-oZ SHA EI N ICH,CITY TREASURER Portfolio CITY AP Run Date:02/19/2002.15:14 PM(PRF_PM1)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments January 31, 2002 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 31331HWT0 2892 Federal Farm Credit Bank 05/03/1999 1,000,000.00 1.009,840.00 999,924.86 5.250 AAA 5.283 89 05/01/2002 31331NPB4 2958 Federal Farm Credit Bank 07/13/2000 1,000,000.00 1,010.310.00 1,000.650.28 7.170 AAA 6.860 83 04/25/2002 31331LWC8 3053 Federal Farm Credit Bank 12/17/2001 1,000,000.00 1,001,250.00 1,000,000.00 3.490 AAA 3.490 684 12/17/2003 3133M2SM0 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 1,034,530.00 1,000,000.00 6.200 AAA 6.200 332 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 1,035,310.00 1,000,000.00 6.215 AAA 6.215 340 01/07/2003 3133M7NM4 2871 Federal Home Loan Bank 03/05/1999 1,000,000.00 1,020,000.00 1,000,000.00 5.390 AAA 5.390 216 09/05/2002 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 1,033,750.00 996,361.36 5.125 AAA 5.380 591 09/15/2003 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,036,250.00 1.001,091.04 5.630 AAA 5.546 578 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,148,161.30 1.106,925.83 5.690 AAA 5.540 503 06/19/2003 3133M8LR3 2889 Federal Home Loan Bank 05/10/1999 1,000,000.00 1,010,000.00 1,000,000.00 5.625 AAA 5.625 829 05/10/2004 3133M8UR3 2898 Federal Home Loan Bank 06/07/1999 1,000,000.00 1,013,750.00 1,000,000.00 6.000 AAA 6.000 857 06/07/2004 3133MAWZ8 2942 Federal Home Loan Bank 03/07/2000 1,000,000.00 1,053,120.00 1,000,000.00 7.440 AAA 7.440 1,130 03/07/2005 3133MBKR7 2951 Federal Home Loan Bank 06/05/2000 1,000,000.00 1,063,750.00 1,000,000.00 7.625 AAA 7.625 489 06/05/2003 3133MBT49 2960 Federal Home Loan Bank 07/26/2000 1,000,000.00 1,024,530.00 1,000,000.00 7.200 AAA 7.200 906 07/26/2004 3133MCA96 2973 Federal Home Loan Bank 10/11/2000 1,000,000.00 1,032,500.00 1,000,000.00 7.000 AAA 7.000 1,348 10/11/2005 3133MCMAO 2984 Federal Home Loan Bank 12/12/2000 2,000,000.00 2,098,440.00 2,000,000.00 6.330 AAA 6.330 1,410 12/12/2005 3133MCRQO 2988 Federal Home Loan Bank 01/17/2001 1,000,000.00 1,028,750.00 1,000,000.00 6.030 AAA 6.030 1,446 01/17/2006 3133MDBB8 2996 Federal Home Loan Bank 02/27/2001 1,000,000.00 1,019,060.00 1,000,000.00 5.550 AAA 5.550 938 08/27/2004 3133MDR96 2999 Federal Home Loan Bank 03/30/2001 1,000,000.00 1,020,160.00 1,000,000.00 5.340 AAA 5.340 972 09/30/2004 3133MHD76 3037 Federal Home Loan Bank 09/19/2001 1,000,000.00 1,015,310.00 1,000,000.00 5.250 AAA 5.250 1,691 09/19/2006 3133MHJ54 3038 Federal Home Loan Bank 09/26/2001 1,000,000.00 1,016,250.00 1,000,000.00 5.000 AAA 5.000 1,333 09/26/2005 3133MKND5 3054 Federal Home Loan Bank 12/27/2001 1,000,000.00 1,008,440.00 1,000,000.00 4.610 AAA 4.610 1,242 06/27/2005 312923CU7 2989 Federal Home Loan Mort Corp 01/18/2001 1,000,000.00 1,014,530.00 1,000,000.00 5.320 AAA 5.320 167 07/18/2002 312923WL5 3008 Federal Home Loan Mort Corp 04/24/2001 1,000,000.00 1,022,030.00 1,000,000.00 5.530 AAA 5.530 1,543 04/24/2006 312923ZY4 3017 Federal Home Loan Mort Corp 05/18/2001 1,000,000.00 1,009,220.00 998,110.78 5.700 AAA 5.751 1,558 05/09/2006 3129236G5 3031 Federal Home Loan Mort Corp 07/26/2001 1,000,000.00 1,012,660.00 1,000,000.00 5.700 AAA 5.700 1.636 07/26/2006 3129236G5 3033 Federal Home Loan Mort Corp 07/26/2001 1,000,000.00 1,012.660.00 999,719.62 5.700 AAA 5.707 1.636 07/26/2006 312924MC4 3044 Federal Home Loan Mort Corp 10/17/2001 1,000,000.00 1,001,620.00 1,000,000.00 3.310 AAA 3.310 623 10/17/2003 31364C4D7 2800 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,017,190.00 999,262.41 6.150 AAA 6.320 185 08/05/2002 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 1,051,870.00 1,000,000.00 5.910 AAA 5.909 777 03/19/2004 31364GM63 2890 Fed.Nat'l Mort.Assoc. 05/05/1999 1,000,000.00 1,009,010.00 1,000,000.00 5.780 AAA 5.780 824 05/05/2004 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 1,055,310.00 993,314.33 6.000 AAA 6.343 836 05/17/2004 31364KRW2 2961 Fed.Nat'l Mort.Assoc. 07/24/2000 1,000,000.00 1,063.280.00 1,000,000.00 7.300 AAA 7.300 1,270 07/25/2005 31364KVC1 2966 Fed.Nat'l Mort.Assoc. 09/13/2000 1,000,000.00 1,029,370.00 1,000,000.00 7.000 AAA 7.000 1,320 09/13/2005 31364KYH7 2976 Fed.Nat'l Mort.Assoc. 11/09/2000 1,000,000.00 1.032,030.00 1,000,000.00 6.500 AAA 6.500 644 11/07/2003 31364K5L0 2998 Fed.Nat'l Mort.Assoc. 03/16/2001 1.000,000.00 1,028,120.00 1,000,000.00 5.550 AAA 5.550 1,504 03/16/2006 Portfolio CITY AP Run Date:02/19/2002-15:14 PM(PRF PM2)SymRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments January 31, 2002 Average Purchase Stated YTM Days to Maturity CUSIP Investment p Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3136FOAL6 3002 Fed.Nat'l Mort.Assoc. 03/29/2001 1,000,000.00 1,020,470.00 1,000,000.00 5.300 AAA 5.300 1,517 03/29/2006 3136FOEW8 3009 Fed.Nat'l Mort.Assoc. 04/23/2001 1.000,000.00 1,021,410.00 999,735.93 5.510 AAA 5.517 1,536 04/17/2006 3136FOJP8 3011 Fed.Nat'l Mort.Assoc. 05/15/2001 1,000,000.00 1,024,530.00 1,000,000.00 5.625 AAA 5.625 1,564 05/15/2006 3136FOKY7 3020 Fed.Nat'l Mort.Assoc. 05/22/2001 1,000,000.00 1,029.060.00 995,693.98 5.550 AAA 5.666 1,565 05/16/2006 3136FO3EO 3046 Fed.Nat'l Mort.Assoc. 11/19/2001 1,000,000.00 991,880.00 1,000,000.00 3.625 AAA 3.625 1,022 11/19/2004 3136FO4Z2 3051 Fed.Nat'l Mort.Assoc. 11/16/2001 1,000,000.00 986,250.00 996,510.66 3.400 AAA 3.533 1,018 11/15/2004 3136F1CF5 3055 Fed.Nat'l Mort.Assoc. 12/27/2001 2,000,000.00 2,003,120.00 2,000,000.00 2.350 AAA 2.350 329 12/27/2002 Subtotal and Average 4,000,000.00 45,105,000.00 46,169,081.30 45,087,301.08 5.583 950 Local Agency Investment Funds SYS982 982 Laif City 11,114,662.17 11,114,662.17 11,114,662.17 3.068 NR 3.068 1 SYS2206 2206 LAIF-Redevelopment Agency 28,714,491.94 28,714,491.94 28,714,491.94 3.068 NR 3.068 1 Subtotal and Average 11,070,590.56 39,829,154.11 39,829,154.11 39,829,154.11 3.068 1 Treasury Securities-Coupon 91282741<5 2875 United States Treasury Note 02/22/1999 1,000,000.00 1,038.120.00 1,003,335.82 5.375 AAA 5.106 514 06/30/2003 9128274N9 2896 United States Treasury Note 05/13/1999 1,000,000.00 1,037,500.00 997,524.12 5.250 AAA 5.431 560 08/15/2003 9128273C4 2897 United States Treasury Note 05/17/1999 1,000,000.00 1,020,620.00 1,002,377.78 6.000 AAA 5.464 180 07/31/2002 9128273G5 2945 United States Treasury Note 03/28/2000 1,000,000.00 1,024,370.00 998,065.04 6.250 AAA 6.615 211 08/31/2002 Subtotal and Average 997,927.48 4,000,000.00 4,120,610.00 4,001,302.76 5.653 366 Medium Term Notes 046003JP5 2857 Associated Corp. 11/06/1998 1,000,000.00 1,016,750.00 1,000,944.79 5.875 Aa3 5.640 164 07/15/2002 06651PAA1 2872 Bank United 02/17/1999 1,000,000.00 1,028,770.00 994,817.69 5.400 Aaa 5.700 731 02/02/2004 172967AV3 2981 Citibank NA 12/05/2000 481,000.00 504,011.04 472,514.26 6.250 Aa3 6.800 1,399 12/01/2005 201615DG3 2965 Citifinancial 09/12/2000 1,000.000.00 1.025,540.00 996,911.09 6.375 Aa3 6.915 226 09/15/2002 36962GTR5 2974 General Electric Capital Corp 09/29/2000 1,000.000.00 1,041,980.00 995,335.82 6.267 Aaa 6.620 537 07/23/2003 36962GUJ1 2977 General Electric Capital Corp 11/07/2000 1,000.000.00 1,064,950.00 1,003,124.76 6.810 Aaa 6.610 640 11/03/2003 580135CA7 2851 McDonald's 06/30/1998 1,000,000.00 1,014,910.00 1,000,171.43 6.000 Aa2 5.950 142 06/23/2002 66586GBY2 2939 Northern Trust Co. 02/11/2000 1,000,000.00 1,088,740.00 998,534.56 7.500 Aa3 7.559 1,106 02/11/2005 84534ECS5 2827 Southwestern Bell 01/12/1998 1,000,000.00 1,021,660.00 999,198.37 5.730 Aa2 5.858 262 10/21/2002 17306EAC8 2955 Citigroup 06/06/2000 2,000,000.00 2,034,220.00 1,999,899.31 7.450 Aa2 7.466 125 06/06/2002 172967BF7 3013 Citigroup 05/10/2001 1,000,000.00 1,025,910.00 998.349.85 5.750 Aa2 5.795 1,559 05/10/2006 929771AN3 2978 Wachovia Corp 11/07/2000 1,000,000.00 1,055,460.00 995.350.46 6.700 Al 6.920 871 06/21/2004 Subtotal and Average 998,334.80 12,481,000.00 12,922,901.04 12,455,152.39 6.551 573 Portfolio CITY AP Run Date:02/19/2002-15:14 PM(PRF_PM2)SymRept V6.21 City of 1-113 Portfolio Management Page 4 Portfolio Details - Investments January 31, 2002 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 02581SC82 3062 American Express 01/25/2002 1,000,000.00 998,290.00 998,298.61 1.750 A1P1 1.778 35 03/08/2002 02581SCN9 3063 American Express 01/25/2002 1,000,000.00 997,600.00 997,618.06 1.750 A1P1 1.779 49 03/22/2002 61745BB89 3058 Morgan Stanley Dean Witter 12/21/2001 2,000,000.00 1,999,320.00 1,999,284.44 Aa3 1.870 7 02/08/2002 71708FBN1 3061 Pfizer,Inc. 01/23/2002 2,000,000.00 1,997,960.00 1,998,040.00 1.680 A1+ 1.706 21 02/22/2002 7954W1B51 3060 Salomon SB Holdings 01/22/2002 2,000,000.00 1,999,600.00 1,999,613.33 1.740 A1+P1 1.765 4 02/05/2002 Subtotal and Average 5,704,785.98 8,000,000.00 7,992,770.00 7,992,854.44 1.780 18 Federal Agency Disc.-Amortizing 313397D65 3043 Federal Nat'l Mort.Corp. 09/20/2001 2,000,000.00 1,978,800.00 1,972,844.44 AAA 2.457 208 08/28/2002 Subtotal and Average 1,970,886.11 2,000,000.00 1,978,800.00 1,972,844.44 2.457 208 Rolling Repurchase Agreements SYS00-2001b 01-2002 Union Bank 10/02/2001 0.00 0.00 0.00 1.100 1.115 1 Subtotal and Average 68,741.94 0.00 0.00 0.00 0.000 1 Total and Average 24,811,266.88 111,415,154.11 113,013,316.45 111,338,609.22 4.466 468 Portfolio CITY AP Run Date:02/19/2002-15:14 PM(PRF_PM2)SymRept V6.21 City of FIB Portfolio Management Page 5 Activity By Type January 1, 2002 through January 31, 2002 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133MCVP7 2990 Federal Home Loan Bank 5.375 01/23/2002 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 45,087,301.08 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 3.068 97,587.14 0.00 SYS2206 2206 LAIF-Redevelopment Agency 3.068 6,748,090.15 2,000,000.00 Subtotal 6,845,677.29 2,000,000.00 39,829,154.11 Treasury Securities-Coupon Subtotal 4,001,302.76 Medium Term Notes Subtotal 12,455,152.39 Commercial Paper Disc.-Amortizing 02581SC82 3062 American Express 1.750 01/25/2002 997,958.33 0.00 02581SCN9 3063 American Express 1.750 01/25/2002 997,277.78 0.00 36959JAR4 3036 General Electric Capital Corp 01/25/2002 0.00 2,000,000.00 36959JAJ2 3059 General Electric Capital Corp 01/18/2002 0.00 2,000,000.00 61745BAR8 3052 Morgan Stanley Dean Witter 01/25/2002 0.00 2,000,000.00 71708FBN1 3061 Pfizer,Inc. 1.680 01/23/2002 1,997,200.00 0.00 7954W1AE3 3056 Salomon Smith Barney 01/14/2002 0.00 2,000,000.00 7954W1A45 3057 Salomon Smith Barney 01/04/2002 0.00 1,000,000.00 7954W1B51 3060 Salomon SB Holdings 1.740 01/22/2002 1,998,646.66 0.00 Subtotal 5,991,082.77 9,000,000.00 7,992,854.44 Federal Agency Disc.-Amortizing Subtotal 1,972,844.44 Rolling Repurchase Agreements SYS00-2001b 01-2002 Union Bank 1.100 1,097,000.00 1,097,000.00 Subtotal 1,097,000.00 1,097,000.00 0.00 Total 13,933,760.06 13,097,000.00 111,338,609.22 Portfolio CITY AP Run Date:02/19/2002-15:14 PM(PRF_PM3)SyrnRepl V6.21 Report Ver.5.00 City of HB Portfolio Management Page 6 Activity Summary January 2001 through January 2002 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 2001 80 117,814,889.62 6.223 6.309 6.372 20 20 784 468 February 2001 77 119,106,149.12 6.070 6.154 6.169 24 27 727 429 March 2001 79 119,040,640.85 5.984 6.067 5.976 22 20 747 447 April 2001 80 120,264,247.10 5.879 5.960 5.760 22 21 773 474 May 2001 86 125,735,513.10 5.679 5.758 5.328 21 15 788 489 June 2001 81 126,800,495.90 5.558 5.635 4.958 8 13 799 485 July 2001 79 121,645,128.94 5.415 5.490 4.635 21 23 841 513 August 2001 72 110,517,156.02 5.362 5.436 4.502 10 17 833 500 September 2001 67 110,925,431.97 5.049 5.119 4.288 17 21 836 534 October 2001 67 109,164,557.55 5.033 5.103 4.288 4 4 832 516 November 2001 68 107,728,573.17 4.685 4.750 3.526 6 5 827 508 December 2001 70 109,005,141.93 4.503 4.565 3.261 7 5 825 493 January 2002 68 110,328,920.19 4.404 4.466 3.068 4 6 809 468 Average 75 115,978,143.97 5.372% 5.447% 4.779 14 15 802 486 Portfolio CITY AP Run Date:02/19/2002-15:14 PM(PRF_PM4)SyrnRept V6.21 Report Ver.5.00 City of HB Portfolio Management Page 7 Distribution of Investments By Type January 2001 through January 2002 January February March April May June July August September October November December January Average Security Type 2001 2001 2001 2001 2001 2001 2001 2001 2001 2001 2001 2001 2002 by Period Repurchase Agreements 0.7 2.5 1.7 1.5 0.5% ._.. _._......._..._.. . __... .... . .. __ ......._.._ .._...... ......... ..... Certificates of Deposit Commercial Paper-Interest Bearing .... ........ .... ..................................... _ ......... ........................ Federal Agency Issues-Coupon 45.3 41.9 42.7 44.7 44.5 43.5 42.7 40.4 39.6 39.5 40.0 41.7 40.5 42.1% _ ........ ..... . _.... ... ................ . - ..... ___......-.... ... _.. ...... -_-- Local Agency Investment Funds 33.1 31.9 31.3 32.0 30.8 32.0 28.3 35.0 36.0 36.6 35.5 31.7 35.8 33.1% ._...... .._._... _ ._..._..- Treasury Securities-Coupon 5.0 5.0 5.0 4.8 4.6 4.9. 5.2 5.3 3.6 3.7 3.6 3.6 3.6 4.5` ... ....... .._...... ._.. .. ..._._. ....._.. ...... ......... ..-... . ...... ......... .. .....---__... ......... .. ........._ ......... ........ ....... ......_- .. ... ................. Medium Term Notes 11.8 12.0 11.8 10.6 11.0 11.5 12.4 12.5 11.2 11.4 11.3 11.3 11.2 11.5% ......... ......... ......... .................................... - .....-.._-- ... ........ .. . ....._- . . ..... ......... ......... ....._... ......... ......... - ...... _ ..._-.... ... ......... Negotiable CD's Certificates of Deposit-Bank . ..._.... ._ ......... .................. ...._...._......................_.. ................ ........... ............._-....- ... ........ __... . .... .. .._..... ...... ....... . ... Mortgage Backed Securities _..-._ _......_ _.._ __.... ........ _.. Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 2.5 5.0 5.9 4.8 7.7 6.6 9.7 5.1 5.2 5.3 5.4 9.9 7.2 6.2% _._._... ......... . ........ ......... ....... ..... ... ..... __..._ Federal Agency Disc.-Amortizing 1.6 1.6 1.6 1.6 1.5 1.6 1.7 1.8 4.5 3.6 3.6 1.8 1.8 2.2% . .- ........ -..................... -- _.._...... .......................................-__ ....._.._ ......... ......... ......_. ........ - ...... ......... ........ _........ _ .. ..... ......... _...-. ...... .... . .. Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements 0.6 0.1% .. ....... ._....._._.__ ......._._ .. ........___ ........ ......... ..._._... .........- ......... .._..._ ........-- ......... .-_..... ...._..... ......... ....... Portfolio CITY AP Run Date:02/19/2002-15:14 PM(PRF_PM5)SyrnRept V6.21 Report Ver.5.00 Page 1 of 2 State of California Pooled Money Investment Account Market Valuation 01/31/2002 Carrying Cost Plus Description_ Accrued'Interest Purch. Fair Value Accrued Interest United States Treasury: Bills $ 1,435,750,139.07 $ 1,443,325,500.00 NA Notes $5,294,649,893.78 $ 5,356,104,500.00 $ 58,259,150.50 Federal Agency: SBA $260,463,435.35 $ 259,949,634.84 $ 1,552,314.02 MBS $647,612,825.89 $651,639,975.13 $ 3,314,541.48 Bonds $4,095,703,906.09 $4,138,422,346.45 $ 53,919,538.44 Floaters $ - $- $- Discount Notes $ 11,757,729,465.33 $ 11,926,167,883.62 NA FHLMC PC $ 8,384,459.96 $9,115,326.34 $ 134,793.95 GNMA $854,080.65 $986,231.78 $8,458.09 Bankers Acceptances $ 17,877,221.82 $ 17,912,188.13 NA Bank Notes $ 1,115,005,667.97 $ 1,117,541,235.95 $ 17,547,435.42 CDs $6,155,102,210.53 $ 6,156,409,156.05 $26,134,062.53 Commercial Paper $ 11,157,603,984.87 $ 11,199,621,034.18 NA Corporate: Floaters $ 1,049,461,548.66 $ 1,043,969,327.92 $2,867,083.53 Bonds $ 1,386,602,352.77 $ 1,401,674,469.03 $23,879,790.88 Repurchase Agreements $- $- NA Reverse Repurchase $ (289,437,500.00) $ (289,437,500.00) $ (48,239.58) Time Deposits $ 5,151,795,000.00 $ 5,151,795,000.00 NA AB 55 & GF Loans $3,138,466,365.09 $ 3,138,466,365.09 NA TOTAL $ 52,383,625,057.83 $ 52,723,662,674.51 $ 187,568,929.26 Fair Value Including Accrued Interest $ 52,911,231,603.77 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). Adobe Acrobat PDF version of this table. Schedule of Bond Investments Attachment 2 Schedule of Bond Investments Held by Fiscal Agent as of January 31, 2002 Summary of investments by type Par Value Investment Type Market Value $15,826,705 Local Agency Investment Fund (LAIF) $15,826,705 $42,390,920 Investment Agreements $42,390,920 $4,426,890 Federal Government Agency $4,287,722 $2,409,497 Money Market Funds $2,409,497 $41,263,028 US Treasury Securities $41,254,2F" $106,317,040 $106,169,111 Summary of Investments by Bond Issue Par value Bond Issue Description Market value $32,882,765 Huntington Beach PFA- 2601 Series A(South Beach Improvements&Central Park Sports Complex) $32,743,596 $2,627,813 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,627,813 $17,920,147 City of Huntington Beach -2001 Special Tax Refunding Bonds (CFD 1990-1 Refunding) $17,920,147 $7,379,180 Huntington Beach PFA- 2000 Series A(Water System Improvements, Beach Maintenance Facility& Energy Retrofit) $7,379,180 $817,838 City of Huntington Beach - 1999 Tax Allocation Refunding Bonds $809,077 $2,118,004 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilties Project $2,118,0f $161,174 City of Huntington Beach - Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $161,1 t, $17,396,495 City of Huntington Beach - 1993 Refunding COP (Civic Center Refinance Project) $17,396,495 $13,674,999 City of Huntington Beach - 1993 Refunding COP (Police Administration Bldg. Refinance Project) $13,674,999 $9,060,310 Huntington Beach Public Finance Authority- Revenue Bonds 1992 Series, Escrow Account $9,060,310 $2,047,824 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1992 Redevelopment Projects $2,047,824 $114,413 City of Huntington Beach-Assessment District 88-1(Reservoir Hill) $114,413 $105,112 City of Huntington Beach- Multi-Family Housing Refunding Bonds (Huntington Village Apts.) $105,112 $10,967 City of Huntington Beach-Community Facilities District No. 1990-1 (Goldenwest/Ellis Area) $10,967 $106,317,040 $106,169,111 Deferred Compensation Plan Summary Information Attachment 3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2001 Beginning Distributions/ balance Contributions/ Transfers/ Earnings Ending Balance (9-30-01) Transfers Payments (change in value) Other (12-31-01) ICMA Retirement Corporation (457 Plan) 14,394,476 335,485 (124,737) 1,311,523 (154) 15,916,593 ICMA Retirement Corporation (401 Plan) $43,599 $21,924 $0 $3,909 $0 69,43-e Nationwide Retirement Solutions $37,683,604 $656,232 ($528,903) $2,233,136 $0 40,044,069 Trust Deeds $518,539 $0 $0 $0 $0 518,539 Total 457 & 401 Plan Balances $52,640,218 $1,013,641 ($653,640) $3,548,568 ($154) 56,548,633 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: December 2001 Investment Summary Report COUNCIL MEETING DATE: March 18, 2002 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Approved as to form by City Attome ) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING;ATTACHMENTS REVIEWED ' RETURNED 'FORWARDED- Administrative Staff Assistant City Administrator Initial City Administrator Initial rCity Clerk EXPLANATION FOR RETURN OF ITEM SpaceOnly) RCA Author: Treasurer's Report - Shari L. Freidenrich, CPA, CCMT January s Report V Shari L . Freidenrich , CPA, CCMT March 18, 2002 8 Z :11 v 81 HVW 1001 n dO 'HOV35 NOIONUNnH J0 k.LIO Treasurer's Report - Shari L. Freidenrich, CPA, CCMT ^ _ _ January 2002 Investment Summary Financial Information: December January Inc./(Dec.) End of month City Portfolio Balance $110,480,454 $111,338,609 $858,155 End of Month Market Value $112,203,494 $111 ,671 ,419 ($532,075 Interest Earned for Month $419,283 $417,507 ($1 ,776) Earned Interest Yield Year to Date 4.82% 4.68% -0.14% Average_Maturity( in days) 493 468 -25 YTAverage Daily Balance $108,642,586 $109,067,597 $425,011 i !Summary by Investment Type: January % of Total Policy Limit Days to Mat. Rate Federal Agy Issues - Coupon $45,087,301 40% None 950 5.58% Local Agency Inv. Fund (LAIF) $39,829,154 36% $40 million 1 3.07% Treasury Securities - Coupon $4,001 ,303 4% None 366 5.65% Medium Term Notes $12,455,152 11% 20% 573 6.55% Commercial Paper- Disc. $7,992,854 7% 15% 18 1 .78% Federal Agy Issues -Amort. $1 ,972,845 2% None 208 2.46% Total $111 ,338,609 100% j i