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HomeMy WebLinkAbout1999 City Treasurer's Monthly Investment Summary Reports - B f RECEIVED FROM AND MADE A PART OF THE-E% AT HE COUNCIL MEETING OF _ gel OFFICE OF THE CITY CLERK CONNIE BROCKWAY,CITY CLERK Treasurer's Report - Shari L. Fr'idend6h, CPA INVESTMENT POLICY 1999/2000 4 J I F Shari L . Freidenrich , CPA, CCMT December 20, 1999 Slide 1 City of HB Portfolio Management Page 4 Portfolio Details-Investments December 31, 1999 Average Purchase Stated YTM Days to purity CUSIP Investment N Issuer Balance Date Par Value Market Value Book Value Rate Moody's 366 Maturity Date Medium Term Notes 580135CA7 2851 McDonalds 06/30/1998 1,W0,000.00 982,590.00 1,001,076.87 6.000 AA2 5.950 904 06/232002 84534ECS5 2827 Soudwvestem Bell 01/12/1998 1,000,000.00 964,530.00 996,885.98 5.730 AA3 5.858 1,024 10212002 892332AF4 2858 Toyota Motor Credit 11/09/1998 500,000.00 490,230.00 502,157.20 5.500 AA1 5.222 626 09/172001 892332AF4 28M Toyota Motor Credit 11/2511998 325,000.00 318,649.50 325,910.00 5.500 Am 5.318 625 09/172001 172967AD3 2838 Citigroup 0327/1998 1,000,000.00 998,950.00 1,001,475.59 6.125 Aa3 5.770 166 06/152000 Subtotal and Average 13,827,866.71 13,826,000.00 13,646,669.50 13,827,199.17 5.867 612 Bankers Acceptances Amortizing JAFU192 2918 First Union National 09/29/19N 1,016,863.65 1,006,186.58 1,006,91251 5.420 A1P1 5.630 65 03/06/2000 JADV292 2933 Key Bank 1227/1999 1,000,000.00 1,000,000.00 972,236.25 5.845 AIP1 6.101 171 06202000 Subtotal and Average 1,161,376.02 $016,80AS 2,006,186.68 1,979,148.76 5.861 117 Commercial Paper Disc.Ong 14178DADO 2925 Cargill Inc. 12/17/1999 3,000.000.00 2.994.600.00 2,993,360.00 6.640 A1P1 6.766 12 01/132000 43760RAJ9 2930 Monteside Lending Inc. 1220/1999 1,000,000.00 997,300.00 996,987.22 6.380 P_1 6.502 17 01/182000 43760RAK6 2932 Homeside Lending Inc. 1222/1999 1,000.000.00 997,120.00 996,760.00 6.480 P.1 6.603 18 01/192000 61745AB64 2916 Morgan Stanley Dean Witter 0929/1999 1,000.000.00 993.270.00 993,474.17 5.730 A1P1 5.937 41 02/112000 61745AAU3 2917 Morgan Stanley Dean Willer 0929/1999 1.000,000.00 995.540.00 995,687.50 5.750 A1P1 5.945 27 01282000 7964WCIAES 2927 Salomon Smith Barney 1220/1999 1,000,000.00 998.020.00 997,688.89 6.400 Al 6.518 13 01/142000 Subtotal and Average 4,523AN.22 8,000,000.00 7,975,850.00 7,973,967.78 OA76 19 Federal Agency Disc.Amortlzing 313384WZ,8 2902 Federal Monte Loan Bank 0528/1999 1,000,000.00 977,900.00 981,063.33 4.940 AAA 5.289 138 06/182000 313384G86 2914 Federal Monte Loan Bands 10/04/1999 1,000,000.W 959,600.00 960,029.17 5.430 AAA 6.835 265 09222000 313396YLl 2908 Federal Home Loan Mort Corp 06MI999 1,000,000.W 974,730.00 974,674.72 5.270 AAA 5.658 173 06222000 313588G41 2913 Fed.Nat9 Mort.Assoc. 0929/1999 1,000,000.00 958.920.00 960,632.50 5.430 AAA 5.834 261 09/182000 313588F26 2931 Fed.Nan Mort.Assoc. 1220/1999 1,500,000.00 1,438,995.00 1,440,073.75 5.730 AAA 6.124 251 09/08/2000 Subtotal and Average 4A24,5W.16 5,500,000.00 5,310,146.00 5,316,473A7 6.780 220 Total Investments and Average 96,931,806.31 103,074,356.13 101,717,318.81 102,804,687.12 5.796 473 Portfolio CITY AP Run Date:01252000-08:10 PM(PRF PMI)SymRept V5.01f City of 1-113 Portfolio Management Page 5 Portfolio Details -Cash December 31, 1999 Average Purchase Stated YTM Days to CUSIP Investment N Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Accrued Interest at Purchase 59,630.26 59,630.26 Subtotal 59,630.26 59,63026 Total Cash and Investments 86,931,805.81 103,074,356.13 101,771,949.07 102,864,217.36 5.796 473 Portfolio cmr AP Run Date:01/25/2000.08:10 PM(PRF PM2)SyrnRW V5.01f City of HB Portfolio Management Investment Activity BY Type e Page B December 1, 1999 through December 31, 1999 Stated Transaction Purchases Saleswaturtiles CUSIP Investment k Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 00-134 Union Bank 4276 12/01/1999 350,000.00 0.00 00-134 12AM1999 OAO 350,000.00 00-135 Union Bank 4.913 12/02/1999 577,000.00 0.00 00-135 12/03/1999 0.00 577,000.00 00-136 Union Bank 4.725 12/03/1999 564,000.00 0.00 00-136 12/06/1999 0.00 564,000.00 00-137 Union Bank 4.850 12/09/1999 281,000.00 0.00 00-137 12/10/1999 0.00 281,000.00 00-138 Union Bank 4.787 12/10/1999 658,000.00 0.00 00-138 12/1311999 0.00 658,000.00 00-139 Union Bank 4.850 12/13/1999 742,000.00 0.00 00.139 12/14/1999 0.00 742,000.00 00-140 Union Bank 4.787 12/15/1999 262,000.00 0.00 00-140 12/16/1999 0.00 262,000.00 00-141 Union Bank 4.913 12/16/1999 427,000.00 0.00 00-141 12/17/1999 0.00 427,000.00 00-142 Union Bank 4.726 12/17/1999 374,000.00 0.00 00-142 1=11(1999 0.00 374,000.00 00-143 Union Bank 4.850 12/20/1999 1,263,000.00 0.00 00-143 12/21/1999 0.00 1,263,000.00 00-144 Union Bank 4213 1222/1999 288,000.00 0.00 00-144 1223/1999 0.00 288,000.00 00-145 Union Bank 4.787 12/23/1999 329.000.00 0.00 00-145 12/24/1999 0.00 329,000.00 00-146 Union Bank 4.537 1224/1999 3,347,000.00 0.00 00-146 12/27/1999 0.00 3,347.000.00 Subtotal 9A6$000.00 9,462,000.00 0.00 Federal Agency Issues-Coupon 31331WJ3 2928 Federal Fenn Credit Bank 5.730 1220/1999 998,90625 0.00 3136481-1128 2929 Fed.Nafl Mort.Assoc. 6.360 1220/1999 1272,38125 0.00 Subtotal 2,271,287.50 0.00 46,611,312.29 Local Agency Investment Funds (Monthly Summary) 982 Laic CRY 5.639 6,400,000.00 0.00 2206 LAIF-RedeveloMierd Agency 5.639 4,700,000.00 13,000,000.00 Portfolio CITY AP Run Date:OV2WWO-0810 PM(PRF PM3)SyrnRept V5.01f City of HB Portfolio Management Investment Activity By Type Page r December 1, 1999 through December 31, 1999 Stated Transaction Purchases SaWOUturttles CUSIP Investment/ Issuer Rate Date or Deposits or Withdrawals Balance Subtotal 11,100,000.00 13,000,000.00 21,182,482.48 Treasury Securities-Coupon Subtotal 6,014,003.17 Medlurn Terrn Notes Subtotal 13,827,199.17 Bankers Acceptances,Amortizing JADV292 29M Key Bank 5.846 12/27/1999 971,424.44 0.00 Subtotal 971,424A4 0.00 1,679,148.76 Conwnerdal Paper Disc.-Amortizing 14178DADO 2925 Cargill Inc. 6.640 12/17/1999 2,985,060.00 0.00 43760RAJ9 2930 Homeside Lwwkg Inc. 6.3M 12/2011999 994,860.56 0.W 43760RAK6 2932 Homeside Lending Inc. 6.480 12=1999 994,960.00 0.00 7954WOAE5 2927 Salomon Smith Gamey 6.400 12RW1999 995.555.56 0.00 Subtotal 6,970AM.12 0.00 7,673,967.78 Federal Agency Disc.-Amortizing 3135881`26 2931 Fed.Narl Mort.Assoc. 5.730 12/20/1999 1,437"8.75 0.00 Subtotal 1,437,208.75 0.00 5,316,473A7 Total 31,212,11H.81 22AS2,000.00 102,804,687.12 PorHallo CITY AP Run late:01/M2000-08:10 PM(PRF PM3)SymRW V5.01f City of HB Portfolio Management Page 8 Investment Activity Summary December 1998 through December 1999 Yleld to Maturity Managed Number Number Month Number of Average 3w 366 Pool of Securities of Securities Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Matured/Sold Term Days to Maturity December 1998 54 81,367,090.50 5.639 5.718 5.374 20 16 702 491 January 1999 54 87,055,940.91 5.534 5.611 5.265 19 18 704 478 February 1999 53 85,056,577.81 5.515 5.592 5.210 21 20 730 500 March 1999 57 84,419,286.15 5.477 5.553 5.136 30 26 764 541 April 1999 60 89,880,077.24 5.407 5.482 5.119 24 21 710 491 May 1999 69 96,661,487.19 5.383 5.457 5.086 31 21 736 533 June 1999 73 98,970,832.49 5.409 5.484 5.095 30 26 741 540 July 1999 72 99,349,486.96 5.445 5.520 5.178 19 20 792 575 August 1999 66 94,592,715.08 5.457 5.533 5.225 22 28 767 541 September 1999 65 93,682,219.54 5.570 5.647 5.256 23 24 942 656 October 1999 71 90,979,855.32 5.547 5.624 5.263 25 19 802 562 November 1999 70 89,455,049.36 5.608 5.686 5.484 17 18 780 530 December 1999 78 96,931,805.31 5.716 5.795 5.639 21 13 725 473 Average 65 91,446.256.63 5A16% 5A93% 5.266 23 21 761 532 Portfolio CITY AP Run late:01/25/2000-05:10 PM(PRF PM4)SymRept V5.01t City of HB Portfolio Management Page 9 Distribution of Investments By Type December 1998 through December 1999 December January February March April May June July August September October November December Average Investment Type 1998 1999 1999 1999 1999 1999 1999 1999 1999 1999 1999 1999 1999 by Period Repurchase Agreements 2.1 3.1 1.3 1.2 4.4 2.1 1.0 1.1 2.5 3.5 2.1 1.9% Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 38.7 38.9 35.6 36.3 34.3 37.5 37.4 39.3 38.2 45.5 46.9 47.1 45.2 40.1% Local Agency Investment Funds 31.6 32.7 33.5 32.4 31.6 29.4 28.6 24.9 29.9 15.2 20.8 24.6 20.6 27.0 Treasury Securities-Coupon 4.6 4.6 6.0 5.9 5.4 7.1 6.9 7.4 7.4 9.1 7.7 6.4 5.9 6.5. Variable CD's Negotiable CD's Certificates of Deposit-Bank Medium Term Notes 14.9 14.9 16.5 16.2 14.8 14.0 13.6. 14.7 14.6 19.2 15.1 14.7 13.5 15.1% Mortgage Backed Securities Bankers Acceptances,Amortizing 4.7 2.3 1.0 1.1 1.1 1.3 1.1 1.1 1.9 1.2% Commercial Paper Disc.Amortizing 2.3 5.8 2.4 5.8 9.5 9.0 8.8 8.5 3.2 2.5 2.2 2.1 7.8 5.4% Federal Agency Disc.Amortizing 5.8 1.0 2.8 3.1 3.1 3.7 4.2 4.1 5.2 2.5% Treasury Discounts Amortizing Miscellaneous Discounts,Amortizing Portfolio CITY AP Run Date:0WM2000-08:10 PIN(PRF PM5)SymRept V5.01f City of HB Portfolio Management Page 8 Investment Activity Summary July 1998 through July 1999 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Securities of Securities Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Matured/Sold Term Days to Maturity July 1998 56 83,642,844.34 5.807 5.888 5.684 26 25 841 589 August 1998 54 77,690,951.82 5.824 5.905 5.652 10 11 803 572 September 1998 51 77.508,594.55 5.890 5.971 5.652 20 23 986 704 October 1998 51 78,541,518.18 5.762 5.842 5.557 25 23 800 565 November 1998 52 76,492,332.75 5.689 5.768 5.492 21 20 763 552 December 1998 54 81,367,090.50 5.639 5.718 5.374 20 16 702 491 January 1999 54 87,055,940.91 5.534 5.611 5.265 19 18 704 478 February 1999 53 85,056,577.81 5.515 5.592 5.210 21 20 730 500 March 1999 57 84,419,286.15 5.477 5.553 5.136 30 26 764 541 April 1999 6D 89,880,077.24 5.407 5.482 5.119 24 21 710 491 May 1999 69 96,661,487.19 5.383 5.457 5.086 31 21 736 533 June 1999 73 98,970,832.49 5.409 5.484 5.095 30 26 741 540 July 1999 72 99,349,486.96 5.445 5.520 5.178 19 20 792 575 Average 68 86,903,348.68 5.599% 6.676% 6.345 23 21 776 649 Portfolio CITY AP Run Date:09/0311 999-1 9:38 PM(PRF_PM4)SymRept V5.01t City of HB Portfolio Management Page 9 Distribution of Investments By Type July 1998 through July 1999 July August September October November December January February March April May June July Average Investment Type 1998 1998 1998 1998 1998 1998 1999 1999 1999 1999 19" 1999 1999 by Period Repurchase Agreements 2.4 2.0 5.0 2.4 4.0 2.1 3.1 1.3 1.2 4.4 2.1 1.0 1.1 2.5% Certificates of Deposit Comrnerclal Paper-Interest Bearing Federal Agency Issues-Coupon 56.0 53.6 57.3 47.9 42.9 38.7 38.9 35.6 36.3 34.3 37.5 37.4 39.3 42.8% Local Agency Investment Funds 19.3 21.5 9.9 28.6 30.9 31.6 32.7 33.5 32.4 31.6 29.4 28.6 24.9 27.3% Treasury Securities-Coupon 5.0 5.1 6.6 5.3 5.0 4.6 4.6 6.0 5"9 5.4 7.1 6.9 7.4 5.8% Variable CD's Negotiable CD's Certificates of Deposit-Bank Medium Term Notes 13.7 14.1 18.1 14.5 16.0 14.9 14.9 16.5 16.2 14.8 14.0 13.6 14.7 15.1% Mortgage Backed Securities Bankers Acceptances,Amortizing 1.3 1.2 4.7 2.3 1.0 1.1 0.9% Cornmerclal Paper Disc.-Amortizing 2.3 5.8 2.4 5.8 9.5 9.0 8.8 8.5 4.0% Federal Agency Disc.-Amortizing 5.8 1.0 2.8 3.1 1.0% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Portfolio CITY AP Run Date:09MI999-19:38 PM(PRF PM5)SyrnRept V5.01f State of California Pooled Money Investment Account Market Valuation 7/31/99 ¢Fai,r�f ,a, tPus eds Au sP .-�n�te rest'te r i� United States Treasury: Bills $ 2,355,124,639.93 $ 2,414,840,411.33 NA Notes $ 3,398,523,383.86 $ 3,390,959,375.00 $ 41,906,131.00 Federal Agency: Bonds $ 2,953,851,681.94 $ 2,935,647,176.90 $ 47,054,774.63 Floaters $ 100,000,000.00 $ 100,000,000.00 $ 1,156,222.00 MBS $ 251,138,985.68 $ 231,176,606.95 $ 1,278,498.20 GNMA $ 1,779,820.91 $ 2',005,183.74 $ 17,601.75 SBA $ 281,059,554.26 $ 281,104,965.77 $ 2,491,128.39 FHLMC PC $ 16,229,534.91 $ 17,202,993.15 $ 260,553.94 Discount Notes $ 4,092,036,056.55 $ 4,139,770,567.54 NA Bankers Acceptances $ - $ - NA Corporate: Bonds $ 1,041,110,502.07 $ 1,033,434,712.60 $ 19,898,082.51 Floaters $ 1,324,444,158.40 $ 1,327,601,725.00 $ 8,689,873.93 CDs $ 4,614,363,398.45 $ 4,601,838,680.10 $ 72,711,953.34 Bank Notes $ 1,272,972,091.43 $ 1,270,021,315.58 $ 22,858,930.56 Repurchase Agreements NA NA NA Time Deposits $ 2,163,140,000.00 $ 2,163,140,000.00 NA AB 55 & GF Loans $ 2,643,556,469.09 $ 2,643,556,469.09 NA Commercial Paper $ 8,973,124,007.65 $ 9,031,825,030.69 NA Reverse Repurchase $ (1,433,944,366.70) $ (1,433,944,366.70) $ (3,378,071.20) TOTAL $ 34,048,509,918.43 $ 34,150,180,846.74 $ 214,945,679.05 Fair Value Including Accrued Interest $ 34,365,126,525.79 Repurchase Agreements,Time Deposits,AB 55 &General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). RCA ROUTING SHEET INITIATING CITY TREASURER DEPARTMENT: SUBJECT: Investment Summary Report COUNCIL MEETING DATE: September 7, 1999 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED - FORWARDED Administrative Staff / l f q Assistant City Administrator (Initial) City Administrator Initial City Clerk EXPLANATION FOR RETURN OF ITEM: Only)(Below Space For City Clerk's Use Treasurer's Report - Shari L. Freidenrich, CPA, CCMT TREASURER' S REPORT Shari L. Freidenrich , CPA, C.CMT September 20, 1999 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT July 99 Investment Summary Financial Information: June I July I Inc(Dec) End of month City Portfolio Balance $101 ,823,630 $94,293,386 ($7,530,244) Average Maturity( in days) 540 575 35 End of Month Market Value $101 ,295,309 $93,558,159 ($7,737,150) YTD Average Daily Balance $86,488,229 $87,799,739 $1 ,311 ,510 Comparison to Budget: F Budget Actual Inc(Dec) Interest Earned for Month $300,000 $461 ,428 $161 ,428 Interest Earned Year to Date $3,000,000 $4,107,382 $1 ,107,382 Earned Interest Yield Year to Date 5.50% 5.62% 0.12% Summary by Individual Investment: Days Int. July % of Total Policy Limit to Mat. Rate Repurchase Agreements $1 ,048,000 1% None I 1 4.54% Federal Agy Issues - Coupon $37,065,413 39% None 1066 5.75% Local Agency Inv. Fund (LAIF) $23,467,719 25% $40 Million 1 5.18%- Medium Term Notes $13,828,600 15% 20% 598 5.83% Commercial Paper $7,967,898 8% 15% 29 5.06% Treasury Securities $7,016,064 8% None 787 5.64% Banker's Acceptances , $992,747 1% 25% 51 5.25% Federal Agy Issues -Amort. $2,906,945 3% None 217 5.31% Total 1 $94,293,386 1 100% CITY OF HUNTINGTON BEACH MEETING DATE: August 2, 1999 DEPARTMENT ID NUMBER: CT 99-10 Council/Agency Meeting Held: Deferred/Continued to: ❑ Ap v d 4 Conditionally Approved ❑ Denied VT1� y er 's Signature Council Meeting Date: August 2, 1999 Department ID Number: CT 99-10 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City TreasureraOVJ c PREPARED BY: SHARI L. FREIDENRICH, City Treasur SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JUNE, 1999 INVESTMENT SUMMARY REPORT -� M r N � Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Sfatus,n Attachment(s) _ D Statement of Issue: Review and accept the monthly investment report for June, 1999 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, 1999, 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 1 Monthly Investment Report and Summary of Investments for June, 1999 G� 3 RCAINVSM.DOC -2- 07/20/99 3:00 PM Monthly Investment Report and Summary Of Investments for June 1999 Attachment 1 City of Huntington Beach Summary of Investment Portfolio Activity for June, 1999 Financial Information: Increase May June (Decrease) End of month City Portfolio Balance $98,965,275 $101,823,630 $2,858,355 Accrued Interest at Purchase $107,215 $86,031 ($21,184) Interest Earned for Month $443,016 $448,653 $5,637 Earned Interest Yield Average 5.40% 5.52% 0.12% Average Maturity ( in days) 533 540 7 End of Month Market Value $98,619,535 $101,295,309 $2,675,774 End of month bank cash balance $3,287,078 $2,865,557 ($421,521) Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $300,000 $448,653 $148,653 Interest Earned Year to Date $2,700,000 $3,643,859 $943,859 Earned Interest Yield Year to Date 5.50% 5.63% 0.13% Transaction Summary: Increase May June (Decrease) Number of Securities Purchased 31 30 -1 Number of Securities Matured/Sold 21 26 5 Summary by Individual Investment: Days Int. June % of Total Policy Limit to Mat. Rate Repurchase Agreements $1,025,000 1% None 1 5.30% Federal Agy Issues - Coupon $38,066,121 37% None 1030 5.75% Local Agency Inv. Fund (LAIF) $29,071,922 28% $40 million 1 5.10% Medium Term Notes $13,829,737 14% 20% 629 5.83% Treasury Securities - Coupon $7,016,529 7% None 818 5.64% Commercial Paper- Disc. $8,932,014 9% 15% 55 5.05% Banker's Acceptances $988,338 1% 25% 82 5.25% Federal Agy Issues - Amort. $2,893,969 3% None 248 5.31% $101,823,630 100% City of Huntington Beach City of HB 2=Main St Portfolio Management Huntington Beach,CA,92W O fB 0 to Portfolio Summary June 30, 1999 Par Market Book %of Days to YTM 360 YTM 366 Investments Value Value Value Portfolio Term Maturity Equiv. Equiv. Repurchase Agreements 1,025,000.00 1,025,000.00 1,025,000.00 1.01 1 0 5.225 5.298 Fede-i Agency Issues-Coupon 38,105,000.00 37,660,372.45 38,066,120.89 37.38 1,325 1,030 5.674 5.753 Lo -ncy Investment Funds 29,071,922.26 29,071,922.26 29,071,922.26 28.55 1 1 5.025 5.095 Trea...ry Securities-Coupon 7,000,000.00 7,009,370.00 7,016,529.03 6.89 1,159 ale 5.566 5.643 Medium Term Notes 13,825,000.00 13,721,194.25 13,829,737.05 13.58 1,088 629 5.754 5.834 Bankers Acceptances-Amortizing 1,000,000.00 988,130.00 988.337.78 0.97 83 82 5.181 5.253 Commercial Paper Disc.-Amortizing 9,000,000.00 8,928,970.00 8,932,013.90 8.77 105 55 4.977 5.047 Federal Agency Disc.-Amortizing 3,000,000.00 2,890,350.00 2,893,968.62 2.84 266 248 5.235 5.307 Total Investments and Averages 102,026,922.26 101,295,308.96 101,823,629.63 100.00% 741 640 6.409 6.484 Cash Passbook(Checking 0.00 0.00 0.00 0 0 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase 86,030.91 86,030.91 Total Cash and Purchase Interest 86,030.91 86,030.91 Total Cash and Investments 102,026,922.26 101,381,339.87 101,909,660.44 741 640 6.409 6.484 Total Earnings June 30 Month Ending Fiscal Year To Date Fiscal Year Ending CV- -t Year 448,871.99 3,644,078.27 C Budget 300,000.00 2,700,000.00 3,600,000.00 Last Year Actual 411,937.00 3,334,967.00 4,513,758.00 Average Daily Balance 98,970,832.49 86,488,228.80 Effective Rate of Ret rn 6.62% 6.63% 1714 -20-17 SH I L.F fEI NRICH Date I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State CITY TREA ER laws and the investment policy statement filed with the City Council on Dec.21,1998. 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. Portfolio CITY AP Run Date:07/20/1999-14:39 PM(PRF_PM1)SyrnRept V5.01 Report Ver.5.00 City of IiB Portfolio Management Page 2 Portfolio Details -Investments June 30, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equiv. Maturity Date Repurchase Agreements 99-266 Union Bank 06/30/1999 1,025,000.00 1,025,000.00 1,025,000.00 5.225 5.298 0 07/01/1999 Subtotal and Average 1,265,366.67 1,025,000.00 1,025,000.00 1,025,000.00 5.298 0 Federal Agency Issues-Coupon 143609 2813 Federal Farm Credit Bank 11/20/1997 1,000,000.00 1,001,900.00 1,000,144.39 5.910 AAA 5.898 508 11/20/2000 1H1NT0 2892 Federal Farm Credit Bank 05/03/1999 1,000,000.00 986,560.00 999,148.42 5.250 AAA 5.283 1,035 05/01/2002 EX1345478 2895 Federal Farm Credit Bank 05/28/1999 1,000,000.00 992,220.00 1,000,000.00 5.260 AAA 5.260 517 11/29/2000 2798 Federal Home Loan Bank 08/08/1997 2,000,000.00 2,000,000.00 2,000,000.00 5.955 AAA 5.955 7 07/08/1999 None yet 2799 Federal Home Loan Bank 08/27/1997 1,000,000.00 998.120.00 1,000,000.00 6.500 AAA 6.500 1,153 08/27/2002 3133M1VQ9 2806 Federal Home Loan Bank 10/15/1997 1,000,000.00 999,370.00 1,000,000.00 6.230 AAA 6.230 837 10/15/2001 3133M1TC3 2817 Federal Home Loan Bank 12/19/1997 1,000,000.00 1,000,940.00 1,000,163.39 5.860 AAA 5.778 85 09/24/1999 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 994,690.00 1,000,000.00 6.200 AAA 6.200 1,278 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 994,060.00 1,000,000.00 6.215 AAA 6.215 1,286 01/07/2003 EC1010007 2871 Federal Home Loan Bank 03/05/1999 1,000,000.00 979,690.00 1,000,000.00 5.390 AAA 5.390 1,162 09/05/2002 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 962,190.00 990,566.96 5.125 AAA 5.380 1,537 09/15/2003 3133M7VS2 2876 Federal Home Loan Bank 03/15/1999 1,000,000.00 988,130.00 1,000,000.00 5.330 AAA 5.330 806 09/14/2001 3133M5BC3 2881 Federal Home Loan Bank 03/31/1999 1.000,000.00 993,590.00 1,004,498.66 5.500 AAA 5.261 774 08/13/2001 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1.000,000.00 979,840.00 1,002,868.03 5.630 AAA 5.546 1,524 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,088,082.45 1,110,522.27 5.690 AAA 5.540 1,449 06/19/2003 3133M8LR3 2889 Federal Home Loan Bank 05/10/1999 1,000,000.00 970,940.00 1,000,000.00 5.625 AAA 5.625 1,775 05/10/2004 EC1365492 2898 Federal Home Loan Bank 06/07/1999 1,000,000.00 984,220.00 1,000,000.00 6.000 AAA 6.000 1,803 06/07/2004 EC1444214 2903 Federal Home Loan Bank 06/28/1999 1,000,000.00 997,190.00 1,000,000.00 6.025 AAA 6.025 1,093 06/28/2002 3134A1XF2 2803 Federal Home Loan Mort Corp 08/22/1997 1,000,000.00 1,000,000.00 999,842.40 6.090 AAA 6.242 393 07/28/2000 '258861 2886 Federal Home Loan Mort Corp 04/28/1999 1,000,000.00 995,310.00 999,443.66 4.980 AAA 5.050 302 04/28/2000 ,33136 2894 Federal Home Loan Mort Corp 05/13/1999 1,000,000.00 992,660.00 1,000,000.00 5.480 AAA 5.480 684 05/15/2001 31364C4D7 2800 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,003,590.00 995,534.37 6.150 AAA 6.320 1,131 08/05/2002 31364C4P0 2801 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,004,690.00 996,920.64 5.910 AAA 6.221 403 08/07/2000 31364FLJ8 2818 Fed.Nat'l Mort.Assoc. 12/26/1997 1,000,000.00 991,560.00 1,000,000.00 6.150 AAA 6.150 1,274 12/26/2002 31364FNB3 2825 Fed.Nat'l Mort.Assoc. 01/14/1998 1,000,000.00 985,160.00 1,000,000.00 6.010 AAA 6.010 1,293 01/14/2003 DD1152733 2826 Fed.Nat'l Mort.Assoc. 01/14/1998 1,000,000.00 985,160.00 1,000,000.00 6.010 AAA 6.010 1,293 01/14/2003 2846 Fed.Nat'l Mort.Assoc. 05/21/1998 1,000,000.00 986,090.00 1,000,000.00 6.030 AAA 6.030 1,414 05/15/2003 31364FX55 2853 Fed.Nat'l Mort.Assoc. 07/21/1998 1,000,000.00 981,090.00 998,373.59 6.010 AAA 6.083 1,470 07/10/2003 ECO581545 2856 Fed.Nat'l Mort.Assoc. 10/29/1998 1,000,000.00 981,410.00 999,757.52 5.000 AAA 5.011 851 10/29/2001 31364GGH6 2859 Fed.Nat'l Mort.Assoc. 11/13/1998 1,000,000.00 964,060.00 998,908.33 5.270 AAA 5.299 1,596 11/13/2003 31364GPB9 2866 Fed.Nat'l Mort.Assoc. 01/13/1999 1,000,000.00 989,690.00 1,000,000.00 5.260 AAA 5.260 743 07/13/2001 31364GEEM7 2884 Fed.Nat'l Mort.Assoc. 03/31/1999 1,000,000.00 954,180.00 975,771.04 5.120 AAA 5.758 1,586 11/03/2003 Portfolio CITY AP Run Date:07/20/1999-15:56 PM(PRF_PM2)SymRept V5.01 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments June 30, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equiv. Maturity Date Federal Agency Issues-Coupon 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 980,310.00 1,000,000.00 5.910 AAA 5.909 1,723 03/19/2004 31364GM63 2890 Fed.Nat'l Mort.Assoc. 05/05/1999 1,000,000.00 972,590.00 1,000,000.00 5.780 AAA 5.780 1,770 05/05/2004 31364F2M2 2893 Fed.Nat'l Mort.Assoc. 05/07/1999 2,000,000.00 1,998,120.00 2,007,870.34 5.560 AAA 5.166 389 07/24/2000 31364GQ93 2905 Fed.Nat'l Mort.Assoc. 06/11/1999 1,000,000.00 982,970.00 985,786.88 6.000 AAA 6.343 1,782 05/17/2004 Subtotal and Average 37,637,285.88 38,105,000.00 37,660,372.45 38,066,120.89 5.753 1,030 L.-,;al Agency Investment Funds 982 Laif City 5,664,285.27 5,664,285.27 5,664,285.27 5.095 NR 5.095 1 2206 LAIF-Redevelopment Agency 23,407,636.99 23,407,636.99 23,407,636.99 5.095 NR 5.095 1 Subtotal and Average 29,605,255.59 29,071,922.26 29,071,922.26 29,071,922.26 5.095 1 Treasury Securities-Coupon 9128274N9 2896 U.S.Government Treas.Note 05/13/1999 1,000,000.00 982,970.00 993,341.64 5.250 AAA 5.431 1,506 08/15/2003 9128273C4 2897 U.S.Government Treas.Note 05/17/1999 1,000,000.00 1,010,470.00 1,014,874.31 6.000 AAA 5.464 1,126 07/31/2002 912827Z39 2783 UNITED STATES TREASURY 03/17/1997 1,000,000.00 1,018,750.00 999,847.97 6.500 AAA 6.507 792 08/31/2001 912827V66 2819 UNITED STATES TREASURY 12/10/1997 1,000,000.00 1,004,370.00 998,916.90 5.750 AAA 5.837 488 10/31/2000 912827Z96 2843 UNITED STATES TREASURY 04/29/1998 1,000,000.00 1,002,970.00 1,000,681.97 5.875 AAA 5.680 137 11/15/1999 US9128273444 2854 UNITED STATES TREASURY 07/31/1998 1,000,000.00 1,001,870.00 999,390.94 5.375 AAA 5.485 214 01/31/2000 91282741<5 2875 UNITED STATES TREASURY 02/22/1999 1,000,000.00 987,970.00 1,009,475.30 5.375 AAA 5.106 1,460 06/30/2003 Subtotal and Average 7,016,746.52 7,000,000.00 7,009,370.00 7,016,529.03 5.643 818 Medium Tenn Notes 02687QAK4 2839 American Int'I Group(AIG) 03/30/1998 1,000,000.00 997,320.00 1,000,296.79 5.750 Aaa 5.716 270 03/27/2000 13EL9 2830 Associated Corp. 01/29/1998 1,000,000.00 1,000,500.00 1,001,655.70 6.000 AA3 5.808 350 06/15/2000 .03JP5 2857 Associated Corp. 11/06/1998 1,000,000.00 987,600.00 1,006,302.44 5.875 AA3 5.640 1,110 07/15/2002 05943FAE5 2809 Banc One Corp. 10/14/1997 1,000,000.00 998,450.00 1,001,984.57 6.250 AA- 6.060 428 09/01/2000 06651PAAl 2872 Bank United 02/17/1999 1,000,000.00 950,810.00 988,133.15 5.400 Aaa 5.700 1,677 02/02/2004 2840 General Electric Capital Corp 04/03/1998 1,000,000.00 1,000,070.00 1,000,303.89 5.840 Aaa 5.799 273 03/30/2000 2841 General Electric Capital Corp 04/06/1998 1,000,000.00 996,630.00 1,000,195.97 5.920 Aaa 5.909 642 04/03/2001 61687YBUO 2808 JP Morgan 10/02/1997 1,000,000.00 998,560.00 999,774.50 6.125 AA 6.145 459 10/02/2000 580135CA7 2851 McDonald's 06/30/1998 1,000,000.00 995,020.00 1,001,294.18 6.000 AA2 5.950 1,088 06/23/2002 66938HAB6 2805 Norwest Financial,Inc. 10/01/1997 2,000,000.00 2,004,240.00 2,001,406.25 6.375 AA3 5.977 92 10/01/1999 84534ECS4 2827 Southwestern Bell 01/12/1998 1,000,000.00 975,120.00 996,331.01 5.730 AA3 5.858 1,208 10/21/2002 892332AF4 2858 Toyota Motor Credit 11/09/1998 500,000.00 494,045.00 502,787.55 5.500 AA1 5.222 809 09/17/2001 892332AF4 2860 Toyota Motor Credit 11/25/1998 325,000.00 321,129.25 326,175.91 5.500 AA1 5.318 809 09/17/2001 894190AK3 2838 Citigroup 03/27/1998 1,000,000.00 1,001,700.00 1,003,095.14 6.125 Aaa 5.770 350 06/15/2000 Portfolio CITY AP Run Date:07/20/1999-15:56 PM(PRF_PM2)SymRept V5.01 City of 1-113 Portfolio Management Page 4 Portfolio Details - Investments June 30, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equiv. Maturity Date Subtotal and Average 13,830,286.49 13,825,000.00 13,721,194.25 13,829,737.05 5.834 629 Bankers Acceptances-Amortizing PP500PJC2 2911 First Union National 06/30/1999 1,000,000.00 988,130.00 988,337.78 5.120 Al pi 5.253 82 09/21/1999 Subtotal and Average 32,944.59 1,000,000.00 988,130.00 988,337.78 5.253 82 imercial Paper Disc.-Amortizing --,30KVG8 2887 Credit Suisse First Boston 04/20/1999 1,000,000.00 993,420.00 993,853.89 4.810 At+ 4.955 46 08/16/1999 22550KVL7 2888 Credit Suisse First Boston 04/20/1999 1,000,000.00 992.850.00 993,319.44 4.810 At+ 4.958 50 08/20/1999 22540KV rO 2899 Credit Suisse First Boston 05/25/1999 1,000,000.00 991,850.00 992,305.00 4.860 At+ 4.991 57 08/27/1999 2944E1VP1 2900 Equilon Enterprise 05/27/1999 1,000,000.00 989,390.00 992,845.00 4.860 A-1+ 4.987 53 08/23/1999 2944E1WD7 2909 Equilon Enterprise 06/30/1999 1,000,000.00 992,420.00 989,352.22 5.180 A-1+ 5.309 74 09/13/1999 36959JWL3 2879 General Electric Capital Corp 03/23/1999 1,000,000.00 988,390.00 989,155.00 4.820 Aaa• 5.008 81 09/20/1999 61745BUGO 2878 Morgan Stanley Dean Witter 03/23/1999 1,000,000.00 997,830.00 997,991.67 4.820 Al P1 4.963 15 07/16/1999 81782KVD8 2901 Southland Corp(7-11) 05/27/1999 1,000,000.00 993,860.00 994,206.95 4.850 Al 4.970 43 08/13/1999 85462DWG4 2910 Stanley Works 06/30/1999 1,000,000.00 988,960.00 988,984.73 5.150 Al 5.280 77 09/16/1999 Subtotal and Average 7,905,185.23 9,000,000.00 8,928,970.00 8,932,013.90 5.047 55 Federal Agency Disc.-Amortizing 313384WZ8 2902 Federal Home Loan Bank 05/28/1999 1,000,000.00 952,510.00 955,814.45 4.940 AAA 5.289 322 05/18/2000 313396YLl 2908 Federal Home Loan Mort Corp 06/30/1999 1,000,000.00 947,900.00 947,739.17 5.270 AAA 5.658 357 06/22/2000 313588LN3 2904 Fed.Natl Mort.Assoc. 06/10/1999 1,000,000.00 989,940.00 990,415.00 4.860 AAA 4.989 71 09/10/1999 Subtotal and Average 1,677,761.53 3,000,000.00 2,890,350.00 2,893,968.62 5.307 248 Total Investments and Average 98,970,832.49 102,026,922.26 101,295,308.96 101,823,629.53 5.484 540 Portfolio CITY AP Run Date:07/20/1999-15:56 PM(PRF_PM2)SymRept V5.01 City of HB Portfolio Management Investment Activity By Type Page 5 June 1, 1999 through June 30, 1999 Stated Transaction Purchases Sales/Maturities CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 99-244 Union Bank 4.225 06/01/1999 0.00 2,092,000.00 99-245 Union Bank 4.475 06/01/1999 1,619,000.00 0.00 99-245 06/02/1999 0.00 1,619,000.00 99-246 Union Bank 4.038 06/02/1999 843,000.00 0.00 99-246. 06/03/1999 0.00 843,000.00 99-247 Union Bank 4.038 06/03/1999 803,000.00 0.00 99-247 06/04/1999 0.00 803,000.00 99-248 Union Bank 3.975 06/04/1999 597.000.00 0.00 99-248 06/07/1999 0.00 597,000.00 99-249 Union Bank 4.100 06/07/1999 484,000.00 0.00 99-249 06/08/1999 0.00 484,000.00 99-250 Union Bank 4.038 06/08/1999 679,000.00 0.00 99-250 06/09/1999 0.00 679,000.00 99-251 Union Bank 4.038 06/09/1999 1,042,000.00 0.00 99-251 06/10/1999 0.00 1,042,000.00 99-252 Union Bank 4.100 06/10/1999 1.025,000.00 0.00 99-252 06/11/1999 0.00 1,025,000.00 99-253 Union Bank 4.100 06/11/1999 1,132,000.00 0.00 99-253 06/14/1999 0.00 1,132,000.00 99-254 Union Bank 4.163 06/14/1999 472,000.00 0.00 99-254 06/15/1999 0.00 472,000.00 99-255 Union Bank 4.225 06/15/1999 612,000.00 0.00 99-255 06/16/1999 0.00 612,000.00 99-256 Union Bank 3.975 06/16/1999 426,000.00 0.00 99-256 06/17/1999 0.00 426,000.00 99-257 Union Bank 4.038 06/17/1999 568,000.00 0.00 99-257 06/18/1999 0.00 568,000.00 99-258 Union Bank 4.038 06/18/1999 363,000.00 0.00 99-258 06/21/1999 0.00 363,000.00 99-259 Union Bank 4.038 06/21/1999 1,256,000.00 0.00 99-259 06/22/1999 0.00 1,256,000.00 99-260 Union Bank 4.038 06/22/1999 1,581,000.00 0.00 99-260 06/23/1999 0.00 1,581,000.00 99-261 Union Bank 4.038 06/23/1999 2,186,000.00 0.00 99-261 06/24/1999 0.00 2,186,000.00 99-262 Union Bank 4.100 06/24/1999 788,000.00 0.00 Portfolio CITY AP Run Date:07/20/1999-16:10 PM(PRF_PM3)SyrnRept V5.01 Report Ver.5.00 City of HB Portfolio Management Investment Activity BY Type e Page s June 1, 1999 through June 30, 1999 Stated Transaction Purchases SaleslMaturiUes CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 99-262 06/25/1999 0.00 788,000.00 99-263 Union Bank . 4.288 06/25/1999 4,435,000.00 0.00 99-263 06/28/1999 0.00 4,435,000.00 99-264 Union Bank 4.538 06/28/1999 1,750,000.00 0.00 99-264 06/29/1999 0.00 1,750,000.00 99-265 Union Bank 4.225 06/29/1999 1,221,000.00 0.00 99-265 06/30/1999 0.00 1,221,000.00 99-266 Union Bank 5.225 06/30/1999 1,025,000.00 0.00 Subtotal 24,907,000.00 25,974,000.00 1,025,000.00 Federal Agency Issues-Coupon EC1365492 2898 Federal Home Loan Bank 6.000 06/07/1999 1,000,000.00 0.00 EC1444214 2903 Federal Home Loan Bank 6.025 06/28/1999 1,000,000.00 0.00 31364C-FA-1 2765 Fed.Nat'l Mort.Assoc. 7.070 06/25/1999 0.00 1,000,000.00 31364FN49 2848 Fed.Nat'l Mort.Assoc. 5.800 06/07/1999 0.00 1,000,000.00 31364GQ93 2905 Fed.Nafl Mort.Assoc. 6.000 06/11/1999 985,625.00 0.00 Subtotal 2,985,625.00 2,000,000.00 38,066,120.89 Local Agency Investment Funds (Monthly Summary) 2206 LAIF-Redevelopment Agency 5.095 6,500,000.00 6,500,000.00 Subtotal 6,500,000.00 6,500,000.00 29,071,922.26 Treasury Securities-Coupon Subtotal 7,016,529.03 Medium Term Notes Subtotal 13,829,737.05 Bankers Acceptances-Amortizing PP500PJC2 2911 First Union National 5.120 06/30/1999 988,195.56 0.00 Subtotal 988,195.56 0.00 988,337.78 Commercial Paper Disc.-Amortizing 2944E1 WD7 2909 Equilon Enterprise 5.180 06/30/1999 989,208.33 0.00 61745BTJ6 2877 Morgan Stanley Dean Witter 4.830 06/18/1999 0.00 1,000,000.00 Portfolio CITY AP Run Date:07/20/1999-16:10 PM(PRF_PM3)SyrnRept V5.01 City of HB Portfolio Management Investment Activity By Type Page 7 June 1, 1999 through June 30, 1999 Stated Transaction Purchases Sales/Maturities CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Commercial Paper Disc.-Amortizing 81989DTB2 2880 Sharp Electronics Corp. 4.850 06/11/1999 0.00 1,000,000.00 85462DWG4 2910 Stanley Works 5.150 06/30/1999 988,841.67 0.00 Subtotal 1,978,050.00 2,000,000.00 8,932,013.90 F-,ieral Agency Disc.-Amortizing 36YL1 2908 Federal Home Loan Mort Corp 5.270 06/30/1999 947,592.78 0.00 313588LN3 2904 Fed.Nat'l Mort.Assoc. 4.860 06/10/1999 987,580.00 0.00 Subtotal 1,935,172.78 0.00 2,893,968.62 Total 39,294,043.34 36,474,000.00 101,823,629.53 Portfolio CITY AP Run Date:07/20/1999-16:10 PM(PRF_PM3)SyrnRept V5.01 City of HB Portfolio Management Page 8 Investment Activity Summary June 1998 through June 1999 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Securities of Securities Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Matured/Sold Tenn Days to Maturity June 1998 55 84,455,681.85 5.817 5.898' 5.672 26 25 778 563 July 1998 56 83,642,844.34 5.807 5.888 5.664 26 25 841 589 August 1998 54 77,690,951.82 5.824 5.905 5.652 10 11 803 572 September 1998 51 77,508,594.55 5.890 5.971 5.652 20 23 986 704 ►ber 1998 51 78,541,518.18 5.762 5.842 5.557 25 23 800 565 .._ember 1998 52 76,492,332.75 5.689 5.768 5.492 21 20 763 552 December 1998 54 81,367,090.50 5.639 5.718 5.374 20 16 702 491 January 1999 54 87,055,940.91 5.534 5.611 5.265 19 18 704 478 February 1999 53 85,056,577.81 5.515 5.592 5.210 21 20 730 500 March 1999 57 84,419,286.15 5.477 5.553 5.136 30 26 764 541 April 1999 60 89,880,077.24 5.407 5.482 5.119 24 21 710 491 May 1999 69 96,661,487.19 5.383 5.457 5.086 31 21 736 533 June 1999 73 98,970,832.49 5.409 5.484 5.095 30 26 741 540 Average 57 84,738,132.75 5.627% 5.705% 5.383 23 21 774 548 Portfolio CITY AP Run Date:07/20/1999-16:10 PM(PRF_PM4)SymRept V5.01 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type June 1998 through June 1999 June July August September October November December January February March April May June Average Investment Type 1998 1998 1998 1998 1998 1998 1998 1999 1999 1999 1999 1999 1999 by Period Repurchase Agreements 1.9 2.4 2.0 5.0 2.4 4.0 2.1 3.1 1.3 1.2 4.4 2.1 1.0 2.5% Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 52.4 56.0 53.6 57.3 47.9 42.9 38.7 38.9 35.6 36.3 34.3 37.5 37.4 43.8% Local Agency Investment Funds 25.9 19.3 21.5 9.9 28.6 30.9 31.6 32.7 33.5 32.4 31.6 29.4 28.6 27.4% sury Securities-Coupon 3.5 5.0 5.1 6.6 5.3 5.0 4.6 4.6 6.0 5.9 5.4 7.1 6.9 5.4% 1w4riable CD's Negotiable CD's Certificates of Deposit-Bank Medium Term Notes 12.8 13.7 14.1 18.1 14.5 16.0 14.9 14.9 16.5 16.2 14.8 14.0 13.6 14.9% Mortgage Backed Securities Bankers Acceptances-Amortizing 1.3 1.2 4.7 2.3 1.0 0.8% Commercial Paper Disc.-Amortizing 2.3 5.8 2.4 5.8 9.5 9.0 8.8 3.4% Federal Agency Disc.-Amortizing 5.8 1.0 2.8 0.7% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Portfolio CITY AP Run Date:07/20/1999-16:10 PM(PRF_PM5)SymRept V5.01 Report Ver.5.00 -r JUL-20-1999 10:10 FROM CALIF ST. TREASURER LAIF TO 87143741603 P.02 State of California Pooled Money Investment Account Market Valuation 6/30/99 � - y....2`�'X.. t4i` `.':P.". .Y:G`tt "t� De"scr pt;oii " Carrying Cost Plua y33.}} t. , ��•--�-s� � �?i;:=r�. :c> 443 [. tom,,.R:v._ mt.`Vi:"_L .. _XS�"-�'£:5 r ���i°.;,,�f'r, --:: ,. •.. t �,��.. L �&" 4'" " , ? , ;y -' Accrued 1rite�est Prc� �:, . .Amoze.. Costft , Fai%V.alue� �ccRted �, United States Treasu : Bills $ 2,355,124,639.93 $ 2,407,492,367.64 $ 2,404,645,122.20 NA Notes S 3,648,969,881.72 S 3,847,489,348.94 $ 3,643,260,750.00 $ 47,136,403.50 Federal Agency: Bonds S i 3,167,457,638-35 $ 3,167,328,112.68 S 3,1$2,627,469.60 $ 42.482.811.78 Floaters S 100,000,000.00 $ 100,000,000-00 $ 100,000,000.00 $ 739,444.00 MBS IS 49,909,472.00 $ 49,909,472.00 $ 49,117,776.42 $ 293,049.56 GNMA S 1,808,981.77 $ 1,808,981.77 $ 2.027.348.41 $ 17.882.43 SBA $ 283,649,772.98 $ 283,628,978-91 S 283,953,639.23 $ 2.514.021.20 FHLMC PC S 16,565,594.92 S 16,565,594-92 $ 17,547,214.26 $ 265.965.45 Discount Notes IS 3,829,830,739,88 $ 3,871,762,044.25 $ 3,865,611,368.88 NA Bankers Acce tances IS - $ - $ - NA Corporate: Bonds S 1,016,825,244-76 S 1,015,535,532.36 $ 1,008,928,289.55 $ 15,703,512.26 Floaters S 1,293,008,736-33 S 1,292,994,569-66 $ 1,293,562,732,00 $ 7,042,614-18 CDs S 5,569,856,238.05 $ 5,563,292,265.52 $ 5,553,863,691.90 $ 83.573.809.58. Sank Notes $ 1,207,961,909.95 $ 1,267,961,909.95 $ 1,265,046,620.41 $ 18.652.154.18 RgpurchaseA,greemen NA NA NA NA Time De osits $ 2,140,140,000.00 $ 2.140.140.000.00 $ 2.140.140.000.00 NA AS 55&GF Loans $ 1,958,594,817,62 $ 1,958,594,817.62 $ 1,958,594,617.62 NA Commercial Paper S 1 10,002,460,734.10 $ 10.065 001.676.93 $ 10.062.568.687.75 NA Reverse Repurchase S - $ - S $ - TOTAL S 36,702,164,402.37 S 36,849,505,673.47 $ 36,801,515,428.43 $ 219,421,668.12 Fair Value Including Accrued Interest $ 37,020,937,096.55 Repurchase Agreements,Time Deposits. AS 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 (.998697669). As an example: if an agency has an account balance of$20,000,000.00, then the agency would report Its participation in the LAIF valued at$19.973,953.38, or$20,000,000.00 x .998697669, TOTAL P.02 RCA ROUTING SHEET INITIATING CITY TREASURER DEPARTMENT: SUBJECT: Investment Summary Report COUNCIL MEETING DATE: August 2, 1999 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 A licable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff V,Ilqf Assistant City Administrator Initia City Administrator Initial G1iJ.� City Clerk EXPLANATION FOR RETURN OF ITEM: SpaceOnly) T eel woes Report-Shari L Frokknrfch,CPA,CCMT TREASURER'S REPORT T tiJ ' G �c w z Shari L. Freidenrich, CPA, CCMT August 2, 1999 Slide 7 Treasurer's Report-Shari L.Freidenrich,CPA,CCMT Investment Percentages By Type of Investment Federal Agencies 37•,6 Banker' C�Paper Acce 9% Ti 0 Slide 2 ount 3% By3GJ� Treasurer's Report-Shari L.Freidenrich, CPA, CCMT Investment Balance Trends Portfolio Balances by Type $65M $65M $79M $86M $86M $102M 100% ■Treasuries ■OCIP 80% FM Med Notes 60% ©LAIF R 9 Fed Ag. 40% 0 CP 20% ■BA ® ❑Repur. 0% Slide 3 Nov-94 Jun-96 Jun-97 Jun-98 Mar-99 Jun-99 Treasurer's Report-Shari L.Freidenrich, CPA, CCMT Liquidity Investment Maturities by Days, Ending Jun 1998/1999 300/6 28% 29% OO 1 Day 250/a ®2480 Days 20o/a 170/6 111.5-1 Yr. ° �1 -1.5Yr. 15% 9°/ ~ % 9% 9 ■1.5-2 Yr. 100/0 I ❑2-3 Yr. 5% , ®3-4Yr. 0% 2% 7% 11 ❑4-5Yr. °k 8°i6 2°ib Slide 4 1998 1999 Treasurer's Report-Shari L.Freidenrich,CPA, CCMT General Fund Est. Cash Flow Jul 1999 to Dec 1999 $10,000,000 $6,964,000 $5,000,000 $0 ($5,000,000) iv- - ($4jna_nnn) ($10,000,000) $8,682,490 ($3,735,000) ($15,000,000) ($20,000,000) Jul-99 Aug-99 Sep-99 Oct-99 NOV-99 Dec-99 ($19,500,000) Slide 5 Treasurer's Report-Shari L.Freidenrich,CPA,CCMT Investment Yields Trends El LAIF/T-Bill Ave. 0 Actual = LAIF 8.00% 6.9670 7.00% o 6 70% s u 6.00% .00% 6.00% 4.00% - 3.00% 2.00% 1.00% 0.00% Jun-98 Dec-98 Mar-99 Jun-99 Slide 6 %Y�sv✓� CITY OF HUNTINGTON BEACH MEETING DATE: July 19, 1999 DEPARTMENT ID NUMBER: CT 99-07 Council/Agency Meeting Held: Deferred/Continued to: 6z,") ❑ rove C nditio p roved ❑ enied JEP(/7y I Clerk's Signature Council Meeting Date: July 19, 1999 Department ID Number: CT 99-07 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION , SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS ��, SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer a,r PREPARED BY: SHARI L. FREIDENRICH, City Treasur >� � c� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MAY, 1999 -0 v 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, 1999 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, 1999, 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 Monthly Investment Report and Summary of Investments for May, 1999 2 C � J RCAINVSM.DOC -2- 07/07/99 2:28 PM Monthly Investment Report and Summary Of Investments for May 1999 Attachment 1 City of Huntington Beach Summary of Investment Portfolio Activity for May, 1999 Financial Information: Increase April May (Decrease) End of month City Portfolio Balance $93,511,190 $98,965,275 $5,454,085 Accrued Interest at Purchase $66,083 $107,215 $41,132 Interest Earned for Month $410,822 $443,016 $32,194 Earned Interest Yield Average 5.56% 5.40% -0.16% Average Maturity ( in days) 491 533 42 End of Month Market Value $93,547,016 $98,619,535 $5,072,519 End of month bank cash balance $4,926,105 $3,287,078 ($1,639,027) Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $300,000 $443,016 $143,016 Interest Earned Year to Date $2,400,000 $3,195,206 $795,206 Earned Interest Yield Year to Date 5.50% 5.65% 0.15% Transaction Summary: Increase April May (Decrease) Number of Securities Purchased 24 31 7 Number of Securities Matured/Sold 21 21 0 Summary by Individual Investment: Days Int. May % of Total Policy Limit to Mat. Rate Repurchase Agreements $2,092,000 2% None 1 4.28% Federal Agy Issues - Coupon $37,079,945 38% None 991 5.76% Local Agency Inv. Fund (LAIF) $29,071,922 29% $40 million 1 5.09% Medium Term Notes $13,830,874 14% 20% 659 5.83% Treasury Securities - Coupon $7,016,979 7% None 848 5.64% Commercial Paper- Disc. $8,921,857 9% 15% 65 4.97% Federal Agy Issues -Amort. $951,698 1% None 352 5.29% $98,965,275 100% City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92W Portfolio Summary Fe May 31, 1999 Investments Value Market Book %of Days to YTM 360 YTM 365 Value Value Value Portfolio Term Maturity Equiv. Equiv. Repurchase Agreements 2,092,000.00 2,092,000.00 2,092,000.00 2.11 4 0 4.225 4.284 Fedo--1 Agency Issues-Coupon 37,105,000.00 36,805,833.90 37,079,944.79 37.47 1,303 991 5.681 5.760 La ency Investment Funds 29,071,922.26 29,071,922.26 29,071,922.26 29.38 1 1 5.016 5.086 Treasury Securities-Coupon 7,000,000.00 7,018,420.00 7,016,979.00 7.09 1,159 848 5.566 5.643 Medium Term Notes 13,825,000.00 13,759,219.25 13,830,873.83 13.98 1,088 659 5.754 5.834 Commercial Paper Disc.-Amortizing 9,000,000.00 8,920,930.00 8,921,857.23 9.02 107 65 4.905 4.973 Federal Agency Disc.-Amortizing 1,000,000.00 951,210.00 951,697.78 0.96 356 352 5.217 5.289 Total Investments and Averages 99,093,922.26 98,619,635.41 98,966,274.89 100.00% 736 633 6.383 6.457 Cash Passbook/Checking 0.00 0.00 0.00 0 0 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase 107,214.83 107,214.83 Total Cash and Purchase Interest 107,214.83 107,214.83 Total Cash and Investments 99,093,922.26 98,726,760.24 99,072,489.72 736 533 6.383 6.467 Total Eamings May 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 443,015.91 3,195,206.28 Ct, •Budget 300,000.00 2,400,000.00 3,600,000.00 La. :ar Actual 418,395.00 2,923,030.00 4,513,758.00 Average Daily Balance 96,661,487.19 24,947,166.62 Effective Rate of Return 5.40% 5.65% c �- 9 9 SHA I L.F IDENRICH Date I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State CITY TREASURER laws and the investment policy statement filed with the City Council on Dec.21,1998. 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. Portfolio CITY AP Run Date:07/07/1999-14:46 PM(PRF PM1)SyrnRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments May 31, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody s Equiv. Maturity Date Repurchase Agreements 99-244 Union Bank 05/28/1999 2,092,000.00 2,092,000.00 2,092,000.00 4.225 4.284 0 06/01/1999 Subtotal and Average 1,645,419.35 2,092,000.00 2,09$000.00 2,092,000.00 4.284 0 Fer" I Agency Issues-Coupon DDt,,s609 2813 Federal Farm Credit Bank 11/20/1997 1,000,000.00 1,005,040.00 1,000,153.07 5.910 AAA 5.898 538 11/20/2000 31331HWT0 2892 Federal Farm Credit Bank 05/03/1999 1,000,000.00 983,280.00 999,123.38 5.250 AAA 5.283 1,065 05/01/2002 EX1345478 2895 Federal Farm Credit Bank 05/28/1999 1,000,000.00 995,229.00 1,000,000.00 5.260 AAA 5.260 547 11/29/2000 2798 Federal Home Loan Bank 08/08/1997 2,000,000.00 2,001,240.00 2,000,000.00 5.955 AAA 5.955 37 07/08/1999 None yet 2799 Federal Home Loan Bank 08/27/1997 1,000,000.00 999,840.00 1,000,000.00 6.500 AAA 6.500 1,183 08/27/2002 3133MIV09 2806 Federal Home Loan Bank 10/15/1997 1,000,000.00 1,001,090.00 1,000,000.00 6.230 AAA 6.230 867 10/15/2001 3133M1TC3 2817 Federal Home Loan Bank 12/19/1997 1,000,000.00 1,002,030.00 1,000,222.44 5.860 AAA 5.778 115 09/24/1999 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 997,030.00 1,000,000.00 6.200 AAA 6.200 1,308 12/30/2002 3133WVH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 996,720.00 1,000,000.00 6.215 AAA 6.215 1,316 01/07/2003 E01010007 2871 Federal Home Loan Bank 03/05/1999 1,000,000.00 983,440.00 1,000,000.00 5.390 AAA 5.390 1,192 09/05/2002 3133M50139 2874 Federal Home Loan Bank 02/22/1999 1,D00,000.00 968,440.00 990,380.04 5.125 AAA 5.380 1,567 09/15/2003 3133M7VS2 2876 Federal Home Loan Bank 03/15/1999 1,000,000.00 990,940.00 1,000,000.00 5.330 AAA 5.330 836 09/14/2001 3133M5BC3 2881 Federal Home Loan Bank 03/31/1999 1,000,000.00 995,470.00 1,004,675.77 5.500 AAA 5.261 804 08/13/2001 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 985,160.00 1,002,925.36 5.630 AAA 5.546 1,554 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,093,264.90 1,110,638.28 5.690 AAA 5.540 1,479 06/19/2003 3133MSLR3 2889 Federal Home Loan Bank 05/10/1999 1,000,000.00 975,780.00 1,000,000.00 5.625 AAA 5.625 1,805 05/10/2004 3134A1XF2 2803 Federal Home Loan Mort Corp 08/22/1997 1,000,000.00 1,000,780.00 999,667.30 6.090 AAA 6.242 423 07/28/2000 EC1258861 2886 Federal Home Loan Mort Corp 04/28/1999 1,000,000.00 996,880.00 999,387.47 4.980 AAA 5.050 332 04/28/2000 Er 136 2894 Federal Home Loan Mort Corp 05/13/1999 1,000,000.00 994,370.00 1,000,000.00 5.480 AAA 5.480 714 05/16=1 31a -FA-1 2765 Fed.Nat'l Mort.Assoc. 06/24/1996 1,000,000.00 1,001,250.00 1,000,000.00 7.070 AAA 7.070 755 06/25/2001 31364C4D7 2800 Fed.NaVI Mort.Assoc. 08/12/1997 1,000,000.00 1,010,160.00 995,414.11 6.150 AAA 6.320 1,161 0&0512002 31364C4P0 2801 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,005,310.00 996,687.36 5.910 AAA 6.221 433 08/07/2000 31364FLJ8 2818 Fed.NafI Mort.Assoc. 12/26/1997 1,000,000.00 996,090.00 1,000,000.00 6.150 AAA 6.150 1,304 12/26/2002 31364FNB3 2825 Fed.NafI Mort.Assoc. 01/14/1998 1,000,000.00 989,060.00 1,000,000.00 6.010 AAA 6.010 1,323 01/14/2003 DD1152733 2826 Fed.Nat'l Mort.Assoc. 01/14/1998 1,000,000.00 989,060.00 1,000,000.00 6.010 AAA 6.010 1,323 01/14/2003 2846 Fed.NaVI Mort.Assoc. 05/21/1998 1,000,000.W 991,870.00 1,000,000.00 6.030 AAA 6.030 1,444 05/15/2003 31364FN49 2848 Fed.Nafl Mort.Assoc. 06/05/1998 1,000,000.00 999,840.00 1,000,000.00 5.800 AAA 5.800 372 06/07/2000 31364FXSS 2853 Fed.Nafl Mort.Assoc. 07/21/1998 1,000,000.W 986,560.00 998,241.36 6.010 AAA 6.083 1,500 07/10/2003 ECO581545 2856 Fed.Nafl Mort.Assoc. 10/29/1998 1,000,000.00 983,440.00 999,748.84 5.000 AAA 5.011 881 10/29/2001 31364GGHS 2859 Fed.NaYI Mort.Assoc. 11/13/1998 1,000,000.00 959,180.00 998,887.50 5.270 AAA 5.299 1,626 11/13/2003 31364GP89 2866 Fed.Nafl Mort.Assoc. 01/13/1999 1,000,000.00 992,030.00 1,000,000.00 5.260 AAA 5.260 773 07/13/2001 Portfolio CITY AP Run Date:07/07/1999-14:46 PM(PRF_PM2)SyrnRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details -Investments May 31, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equiv. Maturity Date Federal Agency Issues-Coupon 31364GEEM7 2884 Fed.Nal'I Mort.Assoc. 03/31/1999 1,000,000.00 969,220.00 975,305.69 5.120 AAA 5.758 1,616 11/03/2003 31364GZA0 2885 Fed.NaYI Mort.Assoc. 04/20/1999 1,000,000.00 984,370.00 1,000,000.00 5.910 AAA 5.909 1,753 03/19/2004 31364GM63 2890 Fed.Nafl Mort.Assoc. 05/05/1999 1,000,000.00 979,550.00 1,000,000.00 5.780 AAA 5.780 1,800 05/052004 31; V12 2893 Fed.Nat'l Mort.Assoc. 05/07/1999 2,000,000.00 2,002,820.00 2,008,486.82 5.560 AAA 5.166 419 07/24/2000 Subtotal and Average 36,981,298.61 37,105,000.00 36,806,833.90 37,079,944.79 5.760 991 Local Agency Investment Funds 982 Laif City 6,664,285.27 5,664,285.27 5,664,285.27 5.086 NR 5.086 1 2206 LAIF-Redevelopment Agency 23,407,636.99 23,407,636.99 23,407,636.99 5.086 NR 5.086 1 Subtotal and Average 31,491,277.10 29,C 71,922.26 29,071,922.26 29,071,922.26 6.086 1 Treasury Securities-Coupon 9128274N9 2896 U.S.GovemmentTreas.Note 05/13/1999 1,000,000.00 984,060.00 993,209.00 5.250 AAA 5.431 1,536 08/15/2003 9128273C4 2897 U.S.GovemmentTreas.Note 05/17/1999 1,000,000.00 1,011,250.00 1,015,270.60 6.000 AAA 5.464 1,156 07/31/2002 912827Z39 2783 UNITED STATES TREASURY 03/17/1997 1,000,000.00 1,021,090.00 999,842.21 6.500 AAA 6.507 822 08/31/2001 912827V66 2819 UNITED STATES TREASURY 12/10/1997 1,000,000.00 1,005,620.00 998,850.32 5.750 AAA 5.537 518 10/31/2000 912827Z96 2843 UNITED STATES TREASURY 04/29/1998 1,000,000.00 1,004,060.00 1,000,831.31 5.875 AAA 5.680 167 11/15/1999 US9128273444 2854 UNITED STATES TREASURY 07/31/1998 1,000,000.00 1,002,810.00 999,305.56 5.375 AAA 5.485 244 01/31/2000 9128274K5 2875 UNITED STATES TREASURY 02/22/1999 1,000,000.00 989,530.00 1,009,670.00 5.375 AAA 5.106 1.490 06/30/2003 Subtotal and Average 6,108,613.67 7,000,000.00 7,018,420.00 7,016,979.00 5.643 848 Medium Term Notes 02 AK4 2839 American Int'I Group(AIG) 03/30/1998 1,000,000.00 999,620.00 1,000,330.26 5.750 Aaa 5.716 300 03/27/2000 046003EL.9 2830 Associated Corp. 01/29/1998 1,000,000.00 1,001,950.00 1,001,800.09 6.000 AA3 5.808 380 06/152000 046003JP5 2857 Associated Corp. 11/06/1998 1,000,000.00 987,770.00 1.006,475.26 5.875 AA3 5.640 1,140 07/15/2002 05943FAE5 2809 Banc One Corp. 10/14/1997 1,000,000.00 1,003,280.00 1,002,126.33 6.250 AA- 6.060 458 09/01/2000 06651PAA1 2872 Bank United 02/17/1999 1,000,000.00 959,460.00 987,917.52 5.400 Aaa 5.700 1,707 02/02/2004 2840 General Electric Capital Corp 04/03/1998 1,000,000.00 1,002,600.00 1,000,337.78 5.840 Aaa 5.799 303 03/30/2000 2841 General Electric Capital Corp 04/06/1998 1,000,000.00 1,000,410.00 1,000,205.28 5.920 Aaa 5.909 672 04/03/2001 61687YBU0 2808 JP Morgan 10/02/1997 1,000,000.00 1,001,940.00 999,759.50 6.125 AA 6.145 489 10/02/2000 580135CA7 2851 McDonald's 06/30/1998 1,000,000.00 998,800.00 1,001,330.40 6.000 AA2 5.950 1,118 0623/2002 66938HAB6 2805 Norwest Financial,Inc. 10/01/1997 2,000,000.00 2,006,820.00 2,001,875.00 6.375 AA3 5.977 122 10/01/1999 a4534ECS4 2827 Southwestern Bell 01/12/1998 1,000,000.00 977,870.00 996,238.51 5.730 AA3 5.858 1,238 10212002 a92332AF4 2858 Toyota Motor Credit 11/09/1998 500,000.00 494,545.00 502,892.61 5.500 AA1 5.222 839 09/172001 892332AF4 2860 Toyota Motor Credit 1125/1998 325,000.00 321,454.25 326,220.23 5.500 AA1 5.318 839 09/17/2001 Portfolio CITY AP Run Date:07/07/1999-14:46 PM(PRF_PM2)SymRept V5.00j1 City of HB Portfolio Management Page 4 Portfolio Details -Investments May 31, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equiv. Maturity Date Medium Term Notes 894190AK3 2838 Citigroup 03/27/1998 1,000,000.00 1,002,800.00 1,003,365.06 6.125 Aa3 5.770 380 06/15/2000 Subtotal and Average 13,831 AN.55 13,825,000.00 13,769,219.26 13,830,873.83 5.834 059 Co rclal Paper Disc.-Amortizing 225bwmVGB 2887 Credit Suisse First Boston 04/20/1999 1,000,000.00 989,740.00 989,845.56 4.810 A1+ 4.955 76 08/16/1999 22550KVL7 28W Credit Suisse First Boston 04/20/1999 1,000,000.00 989,200.00 989,311.11 4.810 A1+ 4.958 80 08/20/1999 22540KVTO 2899 Credit Suisse First Boston 05/25/1999 1,000,000.00 988,260.00 988,255.00 4.8W A1+ 4.991 87 08/27/1999 2944E1VP1 29W Equilon Enterprise 05/27/1999 1,000,000.00 988,260.00 988,795.00 4.860 A-1+ 4.987 83 08/23/1999 36959JWL3 2879 General Electric Capital Corp 03/23/19N 1,000,000.00 984,980.00 985,138.33 4.820 Aaa 5.008 111 09/20/1999 61745STJ6 2877 Morgan Stanley Dean Witter 03/23/1999 1,000,000.00 997,720.00 997,719.17 4.830 A1P1 4.955 17 06/18/1999 61745BUGO 2a78 Morgan Stanley Dean Witter 03/23/1999 1,000,000.00 993,950.00 993,975.00 4.820 A1P1 4.963 45 07/16/1999 81989DTB2 2880 Sharp Electronics Corp. 03/23/1999 1,000,000.00 998,670.00 998,652.78 4.850 P-1 4.971 10 06/11/1999 81782KVDS 2901 Southland Corp(7-11) 05/27/1999 1,000,000.00 990,150.00 990,165.28 4.850 Al 4.970 73 08/13/1999 Subtotal and Average 7,580,699.65 9,000,000.00 8,920,930.00 8,921,857.23 4.973 65 Federal Agency Disc.-Amortizing 313384WZS 2902 Federal Home Loan Bank 05/28/1999 1,000,000.00 951,210.00 951,697.78 4.940 AAA 5.289 352 05/18/2000 Subtotal and Average 122,773.15 1,000,000.00 961,210.00 951,697.78 5.289 352 Total Investments and Average 96,661,497.19 99,093,922.26 98,619,635.41 98,965,274.89 6.457 533 Portfolio CITY AP Run Date:07/07/1999-14:46 PM(PRF_PM2)SyrnRept V5.00jl City of HB Portfolio Management Page 5 Y YP Investment ActivityB Type May 1, 1999 through May 31, 1999 Stated Transaction Purchases Sales/Maturitles CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 99-225 Union Bank 4.350 05/03/1999 0.00 4,102,000.00 99-226 Union Bank 4.413 05/03/1999 799,000.00 0.00 99-226 06/04/1999 0.00 799,000.00 99-227 Union Bank 4.163 05/04/1999 586,000.00 0.00 99-227 05/05/1999 0.00 586,000.00 99-228 Union Bank 4.038 05/05/1999 605,000.00 0.00 99-228 05/06/1999 0.00 605,000.00 99-229 Union Bank 4.038 05/06/1999 1,124,000.00 0.00 99-229 05/07/1999 0.00 1,124,000.00 99-230 Union Bank 3.975 05/07/1999 793,000.00 0.00 99-230 05/10/1999 0.00 793,000.00 99-231 Union Bank 4.100 05/10/1999 1,454,000.00 0.00 99-231 05/11/1999 0.00 1,454,000.00 99-232 Union Bank 3.975 05111/19" 1,366,000.00 0.00 99-232 05/12/1999 0.00 1,366,000.00 99-233 Union Bank 4.038 05/12/1999 1,427,000.00 0.00 99-233 05/13/1999 0.00 1,427,000.00 99-234 Union Bank 4.163 05/13/1999 534,000.00 0.00 99-234 05/14/1999 0.00 534,000.00 99-235 Union Bank 4.163 05114/19N 1,339,000.00 0.00 99-235 05/17/1999 0.00 1,339,000.00 99-236 Union Bank 4.538 05/17/1999 1,899,000.00 0.00 99-236 05/18/1999 0.00 1,899,000.00 99-237 Union Bank 4.163 05/18/1999 1,869,000.00 0.00 99-237 05/19/1999 0.00 1,869,000.00 99-238 Union Bank 4.038 06/20/1999 760,000.00 0.00 99-238 05/21/1999 0.00 760,000.00 99-239 Union Bank 3.975 05/21/1999 2,524,000.00 0.00 99-239 05/24/1999 0.00 2,524,000.00 99-240 Union Bank 4.100 05/24/1999 1,861,000.00 0.00 99-240 05/25/1999 0.00 1,861,000.00 99-241 Union Bank 4.038 05/25/1999 667,000.00 0.00 99-241 05/26/1999 0.00 667,000.00 99-242 Union Bank 4.163 05/26/1999 1,354,000.00 0.00 99-242 05/27/1999 0.00 1,354,000.00 99-243 Union Bank 4.226 W27/1999 1,063,000.00 0.00 Portfolio CITY AP Run Date:07/07/1999-14:46 PM(PRF PM3)SymRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 6 Investment Activity By Type May 1, 1999 through May 31, 1999 Stated Transaction Purchases SaleslMaturftles CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 99-243 05/28/1999 0.00 1,063,000.00 99-244 Union Bank 4.225 05/28/1999 2,092,000.00 0.00 Subtotal 24,116,000.00 26,126,000.00 2,092,000.00 Fer. _d Agency Issues-Coupon 31331HWT0 2892 Federal Farm Credit Bank 5.250 05/03/1999 999,100.00 0.00 EX1345478 2895 Federal Farm Credit Bank 5.260 05/28/1999 1,000,000.00 0.00 3133M8LR3 2889 Federal Home Loan Bank 5.625 05/10/1999 1,000,000.00 0.00 3134AOJ86 2760 Federal Home Loan Mort Corp 6.990 05/17/1999 0.00 2,000,000.00 EC1333136 2894 Federal Home Loan Mort Corp 5.480 05/13/1999 1,000,000.00 0.00 31364GM63 2890 Fed.Nati Mort.Assoc. 5.780 05/05/1999 1,000,000.00 0.00 31364F2M2 2893 Fed.Nat'l Mort.Assoc. 5.560 05/07/1999 2,008,980.00 0.00 Subtotal 7,008,080.00 2,000,000.00 37,079,944.79 Local Agency Investment Funds (Monthly Summary) 982 Leff City 5.086 0.00 3,000,000.00 2206 LAIF-Redevelopment Agency 5.086 12,000,000.00 9,500,000.00 Subtotal 12,000,000.00 12,500,000.00 29,071,922.26 Treasury Securities-Coupon 9128274N9 2896 U.S.Government Treas.Note 5.250 05/13/1999 993,125.00 0.00 919' 13C4 2897 U.S.Government Treas.Note 6.000 05/17/1999 1,015,468.75 0.00 Subtotal 2,008,593.75 0.00 7,016,979.00 Medium Terre Notes Subtotal 13,830,873.83 Commercial Paper Disc.-Amortizing 22540KVTO 2899 Credit Suisse First Boston 4.860 05/25/1999 987,310.00 0.00 2338E1SA3 2891 Daimler/Chrysler 4.780 05/10/1999 0.00 2,000,000.00 " 2944E1VP1 2900 Equilon Enterprise 4.860 05/27/1999 988,120.00 0.00 81782KVDB 2901 Southland Corp(7-11) 4.850 05/27/1999 989,491.67 0.00 85462DSH7 2869 Stanley Works 4.770 05/17/1999 0.00 1,000,000.00 Subtotal 2,964,921.67 3,000,000.00 8,921,857.23 '• -Indicates incomplete recording of maturity redemption. Portfolio CITY AP Run Date:07/07/1999-14:46 PM(PRF_PM3)SyrnRept V5.00j1 City of HB Portfolio Management Page 7 Investment Activity By Type May 1, 1999 through May 31, 1999 Stated Transaction Purchases SaleslMaturitles CUSIP Investment# Issuer Rate Date or Deposits or withdrawals Balance Federal Agency Disc.-Amortizing 313384wZ8 2902 Federal Home Loan Bank 4.940 05/28/1999 951,148.89 0.00 Subtotal 951,148.89 0.00 951,697.78 Total 49,048,744.31 43,626,000.00 98,965,274.89 Portfolio CITY AP Run Date:07/07/1999-14:46 PM(PRF_PM3)SymRept V5.00j1 City of HB Portfolio Management Page 8 Investment Activity Summary May 1998 through May 1999 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Securities of Securities Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Matured/Sold Term Days to Maturity May 1998 54 83,621,791.26 5.819 5.899 5.673 23 22 773 562 June 1998 55 84,455,681.85 5.817 5.898 5.672 26 25 778 563 July 1998 56 83,642,844.34 5.807 5.888 5.664 26 25 841 589 Au, 1998 54 77,690,951.82 5.824 5.905 5.652 10 11 803 572 September Sep 1998 51 77,508,594.55 5.890 5.971 5.652 20 23 986 704 October 1998 51 78,541,518.18 5.762 5.842 5.557 25 23 800 565 November 1998 52 76,492,332.75 5.689 5.768 5.492 21 20 763 552 December 1998 54 81,367,090.50 5.639 5.718 5.374 20 16 702 491 January 1999 54 87,055,940.91 5.534 5.611 5.265 19 18 704 478 February 1999 53 85,056,577.81 5.515 5.592 5.210 21 20 730 500 March 1999 57 84,419,286.15 5.477 5.553 5.136 30 26 764 541 April 1999 60 89,880,077.24 5.407 5.482 5.119 24 21 710 491 May 1999 69 96,661,487.19 5.383 5.457 5.086 31 21 736 533 Average 55 83,672,607.55 5.669% 5.737% 6.427 23 21 776 649 Portfolio CITY AP Run Date:07/07/1999-14:46 PM(PRF_PM4)SyrnRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type May 1998 through May 1999 May June July August September October November December January February March April May Average Investnnent Type 1998 1998 1998 1998 1998 1998 1998 1998 1999 1999 1999 1999 1999 by Period Repurchase Agreements 2.1 1.9 2.4 2.0 5.0 2.4 4.0 2.1 3.1 1.3 1.2 4.4 2.1 2.6% Certificates of Deposit Commercial Paper-Interest Bearing Fee 1 Agency Issues-Coupon 52.1 52.4 56.0 53.6 57.3 47.9 42.9 38.7 38.9 35.6 36.3 34.3 37.5 44.9% LaL .gency Investment Funds 25.8 25.9 19.3 21.5 9.9 28.6 30.9 31.6 32.7 33.5 32.4 31.6 29.4 27.2% Treasury Securities-Coupon 3.6 3.5 5.0 5.1 6.6 5.3 5.0 4.6 4.6 6.0 5.9 5.4 7.1 5.2% Variable CD's Negotiable CD's Certificates of Deposit-Bank Medium Term Notes 11.9 12.8 13.7 14.1 18.1 14.5 16.0 14.9 14.9 16.5 16.2 14.8 14.0 14.8% Mortgage Backed Securities Bankers Acceptances-Amortizing 1.3 1.2 4.7 2.3 0.7% Commercial Paper Disc.-Amortizing 2.3 5.8 2.4 5.8 9.5 9.0 2.7% Federal Agency Disc.-Amortizing 5.8 1.0 0.5% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Portfolio CITY AP Run Date:07/07/1999-14:46 PM(PRF PM5)SymRept V5.00j1 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation . 5/31/99 Description~° Carrying CosP(us r Accrued Interest urch. Faft�1/atue Accrue '[rifeces United States Treasury: Bills $ 2,601,517,723.23 $ 2,661,561,419.53 NA Notes $ 3,826,279,897.47 $ 3,823,120,500.00 $ 41,355,260.25 Federal Agency: Bonds $ 3,167,658,610.57 $ 3,156,800,846.45 $ 45,868,656.72 Floaters $ 170,000,000.00 $ 169,991,600.00 $ 445,809.40 MBS $ 53,146,566.00 $ 53,111,526.79 $ 312,020.74 GNMA $ 1,826,269.02 $ 2,058,027.67 $ 18,062.95 SBA $ 285,572,572.54 $ 285,866,230.54 $ 2,531,156.63 FHLMC PC $ 17,086,106.03 $ 18,120,973.35 $ 274,266.07 Discount Notes $ 4,379,671,536.73 $ 4,474,586,531.81 NA Bankers Acceptances $ 11,735,506.67 $ 11,967,333.33 NA Corporate: Bonds $ 1,061,075,477.93 $ 1,055,830,102.95 $ 12,536,317.70 Floaters $ 1,162,832,186.33 $ 1,163,717,075.50 $ 5,929,577.97 CDs $ 6,562,966,949.97 $ 6,555,836,698.35 $ 90,414,579.59 Bank Notes $ 1,318,082,978.52 $ 1,318,156,096.14 $ 21,826,501.39 Repurchase Agreements NA NA NA Time Deposits $ 2,120,545,000.00 $ 2,120,545,000.00 NA AB 55 & GF Loans $ 2,219,128,464.09 $ 2,219,128,464.09 NA Commercial Paper $ 9,143,213,094.44 $ 9,215,285,285.29 NA Reverse Repurchase $ (1,076,175,460.00) $ (1,076,175,460.00) $ (5,272,299.20) TOTAL $ 37,026,163,479.54 $ 37,229,508,251.79 $ 216,239,910.21 Fair Value Including Accrued Interest $ 37,445,748,162.00 Repurchase Agreements, Time Deposits,AB 55 &General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). RCA ROUTING SHEET INITIATING CITY TREASURER DEPARTMENT: SUBJECT: Investment Summary Report COUNCIL MEETING DATE: July 19, 1999 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 ED Administrative Staff Assistant City Administrator Initial City Administrator Initial City Clerk EXPLANATION FOR RETURN OF ITEM: SpaceOnly) Treasurer's Report - Shari L. Freidenrich, CPA TREASURER' S - o-- "IC 6 2:-<C,),,, A �p c-j _ D Shari L . Freidenrich , CPA July 19, 1999 Treasurer's Report - Shari L. Freidenrich, CPA May 99 Investment Summary Financial Information: I I April May Inc(Dec) End of month City Portfolio Balance $93,511 ,190 $98,965,275 $5,454,085 Average Maturity ( in days) 1 491 533 42 End of Month Market Value $93,547,016 $98,619,535 $5,072,519 YTD Average Daily Balance $83,234,224 $84,947,167 $1 ,712,943 Comparison to Budget: Budget Actual Inc(Dec) Interest Earned for Month $300,000 $443,016 $143,016 Interest Earned Year to Date $2,400,000 $3,195,206 $795,206 Earned Interest Yield Year to Date 5.50% 5.65% 0.15% Summary by Individual Investment: Days Int. May % of Total Policy Limit to Mat Rate Repurchase Agreements $2,092,000 2% None 1 4.28% Federal Agy Issues - Coupon $37,079,945 38% None 991 5.76% Local Agency Inv. Fund (LAIF) $29,071 ,922 29% $40 Million 1 5.09% Medium Term Notes $13,830,874 14% 20% 659 5.83% Commercial Paper $8,921 ,857 9% 15% 65 4.97% Treasury Securities $7,016,979 7% None 848 5.64% Federal Agy Issues - Amort. $951 ,698 1% None 352 5.29% Total $98,965,275 1 100% Fyi adenrich- 7Yeasur CITY OF HUNTINGTON BEACH MEETING DATE: June 21, 1999 DEPARTMENT ID NUMBER: CT 99-06 Council/Agency Meeting Held: 03 � y erred/Continued to: prove ❑ C nditionally Approved El Denied Emviy ty Clerk's Signature Council Meeting Date: June 21, 1999 Department ID Number: CT 99-06 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS o = ,rn C M-n-mm SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer i PREPARED BY: SHARI L. FREIDENRICH, City Treasurer SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S APRIL, 1999 - 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, 1999 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, 1999, 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 1 Monthly Investment Report and Summary of Investments for April, 1999 l.J RCAINVSM.DOC -2- 06/09/99 3:01 PM Monthly Investment Report and Summary Of Investments for April 1999 Attachment 1 City of Huntington Beach Summary of Investment Portfolio Activity for April, 1999 Financial Information: Increase March April (Decrease) End of month City Portfolio Balance $85,599,788 $93,511,190 $7,911,402 Accrued Interest at Purchase $60,994 $66,083 $5,089 Interest Earned for Month $397,488 $410,822 $13,334 Earned Interest Yield Average 5.54% 5.56% 0.02% Average Maturity ( in days) 541 491 -50 End of Month Market Value $85,702,993 $93,547,016 $7,844,023 End of month bank cash balance $2,665,656 $4,926,105 $2,260,449 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $300,000 $410,822 $110,822 Interest Earned Year to Date $2,100,000 $2,752,721 $652,721 Earned Interest Yield Year to Date 5.50% 5.69% 0.19% Transaction Summary: Increase March April (Decrease) Number of Securities Purchased 30 24 -6 Number of Securities Matured/Sold 26 21 -5 Summary by Individual Investment: Days Int. April % of Total Policy Limit to Mat. Rate Repurchase Agreements $4,102,000 4% None 1 4.41% Federal Agy Issues - Coupon $32,071,354 34% None 1010 5.92% Local Agency Inv. Fund (LAIF) $29,571,922 31% $40 million 1 5.12% Medium Term Notes $13,832,011 15% 20% 690 5.83% Treasury Securities - Coupon $5,008,692 6% None 681 5.72% Commercial Paper- Disc. $8,925,211 10% 15% 62 4.94% $93,511,190 100% O City of Huntington Beach City of HB 2000 Main St znw-sPortfolio Management Huntington Beach,CA,92648 -TON Portfolio Summary CW April 30, 1999 Par Market Book %of Days to YTM 360 YTM 365 Investments Value Value Value Portfolio Term Maturity Equiv. Equiv. Repurchase Agreements 4,102,000.00 4,102,000.00 4,102,000.00 4.39 3 2 4.350 4.410 Federal Agency Issues-Coupon 32,105,000.00 32,048,796.15 32,071,353.94 34.30 1,404 1,010 5.836 5.917 Local Agency Investment Funds 29,571,922.26 29,571,922.26 29,571,922.26 31.62 1 1 5.049 5.119 Treasury Securities-Coupon 5,000,000.00 5,053,430.00 5,008,691.91 5.36 1,078 681 5.643 5.722 Medium Term Notes 13,825,000.00 13,842,747.50 13,832,010.64 14.79 1,087 690 5,754 5.834 Commercial Paper Disc.-Amortizing 9,000,000.00 8,928,120.00 8,925,211.39 9.54 92 62 4.868 4.936 Total Investments and Averages 93,603,922.26 93,647,016.91 93,511,190.14 100.00% 710 491 6.407 6.482 Cash PassbooldChecldng 0.00 0.00 0.00 0 0 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase 66,082.81 66,082.81 Total Cash and Purchase Interest 66,082.81 66,082.81 Total Cash and Investments 93,603,922.26 93,613,098.72 93,577,272.96 710 491 6.407 6.482 Total Earnings April 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 410,821.66 2,752,721.48 Current Budget 300,000.00 2,100,000.00 3,600,000.00 Last Year Actual 396,828.00 2,504,635.00 4,513,758.00 Average Daily Balance 89,880,077.24 83,234,223.62 Effective Rate of Retu In 6.66% 6.69% S RI L R/IE(ENRICH Date I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with ali State CITY TR R laws and the investment policy statement filed with the City Council on Dec.21,1998. 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. Portfolio CITY AP Run Date:06/07/1999-12:27 PM(PRF_PM1)SymRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details -Investments April 30, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equiv. Maturity Date Repurchase Agreements 99-225 Union Bank 04/30/1999 4,102,000.00 4,102,000.00 4,102,000.00 4.350 4.410 2 05/03/1999 Subtotal and Average 1,104,700.00 4,102,000.00 4,102,000.00 4,102,000.00 4.410 2 Federal Agency Issues-Coupon DD1143609 2813 Federal Farm Credit Bank 11/20/1997 1,000,000.00 1,009,400.00 1,000,161.75 5.910 AAA 5.898 569 11/20/2000 2798 Federal Home Loan Bank 08/08/1997 2,000,000.00 2,002,180.00 2,000,000.00 5.955 AAA 5.955 68 07/08/1999 None yet 2799 Federal Home Loan Bank 08/27/1997 1,000,000.00 1,002,660.00 1,000,000.00 6.600 AAA 6.500 1,214 08/27/2002 3133M1VQ9 2806 Federal Home Loan Bank 10/15/1997 1,000,000.00 1,003,590.00 1,000,000.00 6.230 AAA 6.230 898 10/15/2001 3133M1TC3 2817 Federal Home Loan Bank 12/19/1997 1,000,000.00 1,002.340.00 1,000,281.50 5.860 AAA 5.778 146 09/24/1999 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 1,001,720.00 1,000,000.00 6.200 AAA 6.200 1,339 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 1,001,560.00 1,000,000.00 6.215 AAA 6.215 1,347 01/07/2003 EC1010007 2871 Federal Home Loan Bank 03/05/1999 1,000,000.00 990,310.00 1.000,000.00 5.390 AAA 5.390 1,223 09/05/2002 3133MSQB9 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 980,310.00 990,193.13 5.125 AAA 5.380 1,598 09/15/2003 3133M7VS2 2876 Federal Home Loan Bank 03/15/1999 1,000,000.00 996,880.00 1,000,000.00 5.330 AAA 5.330 867 09/14/2001 3133MSBC3 2881 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,002,810.00 1,004,852.89 5.500 AAA 5.261 835 08/13/2001 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,000,310.00 1,002,982.68 5,630 AAA 5.S46 1,585 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,105,696.15 1,110,754.30 5.690 AAA 5.540 1,510 06/19/2003 3134AOJ86 2760 Federal Home Loan Mort Corp 05/17/1996 2,000,000.00 2,001,240.00 2,000,000.00 6.990 AAA 6.990 747 05/17/2001 3134A1XF2 2803 Federal Home Loan Mort Corp 08/22/1997 1,000,000.00 1,001,870.00 999,492.19 6.090 AAA 6.242 454 07/28/2000 EC1255861 2886 Federal Home Loan Mort Corp 04/28/1999 1,000,000.00 996,880.00 999,331.27 4.980 AAA 5.050 363 04/28/2000 31364C-FA-1 2765 Fed.NaYI Mort.Assoc. 06/24/1996 1,ODD,ODD.00 1,002,660.00 1,0D0,000.00 7.070 AAA 7.070 786 06/25/2001 31364C4D7 28W Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,018,910.00 995,293.85 6.150 AAA 6.320 1,192 08/05/2002 31364C4P0 2801 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,007,970.00 996,454.07 5.910 AAA 6.221 464 08/07/2000 31364FUS 2818 Fed.Nat'l Mort.Assoc. 12/26/1997 1,000,000.00 1,003,440.00 1,000,000.00 6.150 AAA 6.150 1,335 12/26/2002 31364FNB3 2825 Fed.Natl Mort.Assoc. 01/14/1998 1,000,000.00 995,000.00 1,000,000.00 6.010 AAA 6.010 1,354 01/14/2003 DD1152733 2826 Fed.Nat'l Mort.Assoc. 01/14/1998 1,000,000.00 995,000.00 1,000,000.00 8.010 AAA 6.010 1,354 01/142003 2946 Fed.NaYI Mort.Assoc. 05/21/1998 1,000,000.00 1,000,620.00 1,000,000.00 6.030 AAA 6.030 1,475 05/15/2003 31364FN49 2848 Fed.Natl Mort.Assoc. 06/DS/1998 1,000,000.00 1,000,160.00 1,000,000.00 5.800 AAA 5.800 403 06/07/2000 31364FX55 2853 Fed.Nat'l Mort.Assoc. 07/21/1998 1,000,000.00 994,220.00 998,109.13 6.010 AAA 6.083 1,531 07/1D/2003 ECOSS1545 2856 Fed.Nafl Mort.Assoc. 10/29/1998 1,000,000.00 989,220.00 999,740.16 5.000 AAA 5.011 912 10/29/2001 31364GGH6 2859 Fed.Natl Mort.Assoc. 11/13/1998 1,000,000.00 979.840.00 998,866.67 5.270 AAA 5.299 1,657 11/13/2003 31364GPB9 2866 Fed.Nat'l Mort.Assoc. 01/1311999 1,000,000.00 996,410.00 1,000,000.00 5.260 AAA 5,260 804 07/13/2001 31364GEEM7 2884 Fed.Net Mort.Assoc. 03/31/1999 1,000,000.00 971,060.00 974,840.35 5.120 AAA 5,758 1,647 11/03/2003 31364GZAO 2885 Fed.Natl Mort.Assoc. 04/20/1999 1,000,000.00 994,530.00 1,000,000.00 5.910 AAA 5.909 1,764 03/19/2004 Subtotal and Average 30,539,175.43 32,105,000.00 32,048,796.15 32,071,353.94 6.917 1,010 Portfolio CITY AP Run Date:06/07/1999-12:27 PM(PRF_PM2)SymRept VS.00jl Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details -Investments April 30, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equiv. Maturity Date Local Agency Investment Funds 982 Laif City 8,664,285.27 8,664,285.27 8,664,285.27 5.119 NR 5.119 1 2206 LAIF-Redevelopment Agency 20,907,636.99 20,907,636.99 20,907,636.99 5.119 NR 5.119 1 Subtotal and Average 32,394,861.34 29,671,922.28 29,571,922.28 29,671,922.26 5.119 1 Treasury Securities-Coupon 912827Z39 2783 UNITED STATES TREASURY 03/17/1997 1,000,000.00 1,029,840.00 999,836.26 6.500 AAA 6.507 853 08/31/2001 912827V66 2819 UNITED STATES TREASURY 12/10/1997 1.000,000.00 1,009,540.00 998,781.52 5.750 AAA 5.837 549 10/31/2000 912827Z96 2643 UNITED STATES TREASURY 04/29/1998 1,000,000.00 1,005,470.00 1,000,985.62 5.875 AAA 5.680 198 11/15/1999 US9128273444 2854 UNITED STATES TREASURY 07/31/1998 1,000,000.00 1,003,750.00 999,217.33 5.375 AAA 5.485 275 01/31/2000 91282741<5 2875 UNITED STATES TREASURY 02/22/1999 1,000,000.00 1,004,530.00 1,009,871.18 6.375 AAA 5.106 1,521 06/30/2003 Subtotal and Average 6,008,781.96 6,000,000.00 6,053AM.00 6,008,691.91 6.722 681 Medium Term Notes 026870AK4 2839 American Int'I Group(AIG) 03/30/1998 1,000,000.00 1,001,340.00 1,000,363.74 5.750 Aaa 5.716 331 03/27/2000 046003EL9 2830 Associated Corp. 01/29/1998 1,000,000.00 1,005,140.00 1,001,944.49 6.000 AA3 5.808 411 06/15/2000 046003JPS 2857 Associated Corp. 11/06/1998 1,000,000.00 1,000,330.00 1,006,648.09 5.875 AA3 5.640 1,171 07/15/2002 05943FAE5 2809 Banc One Corp. 10/14/1997 1,000,000.00 1,007,300.00 1,002,265.08 6.250 AA- 6.060 489 09/01/2000 066SIPAA1 2872 Bank United 02/17/1999 1,000,000.00 974,770.00 987,701.89 5.400 Aaa 5.700 1,738 02/02/2004 2840 General Electric Capital Corp 04/03/1998 1,000,000.00 1,004,650.00 1,000,371.67 5.840 Aaa 5.799 334 03/30/2000 2841 General Electric Capital Corp 04/06/1998, 1,000,000.00 1,006,690.00 1,000,214.58 5.920 Aaa 5.909 703 04/03/2001 61687YBU0 2808 JP Morgan 10/02/1997 1,000,000.00 1,005,370.00 999,744.50 6.125 AA 6.145 520 10/02/2000 580135CA7 2851 McDonald's 06/30/1998 1,000,000.00 1,011,580.00 1,001,366.62 6.000 AA2 5.950 1,149 06/23/2002 66938HAB6 2805 Norvrest Financial,Inc. 10/01/1997 2,000,000.00 2,008,820.00 2,002,343.75 6.375 AA3 5.977 153 10/01/1999 84534ECS4 2827 Southwestem Bell 01/12/1998 1,000,000.00 993,300.00 996,146.02 5.730 AA3 SASS 1,269 10/21/2002 692332AF4 2858 Toyota Motor Credit 11/09/1998 500,000.00 495,750.00 502,997.67 5.500 AA1 5.222 870 09/17/2001 892332AF4 2860 Toyota Motor Credit 11/25/1998 325,000.00 322,237.50 326,264.55 5.500 AA1 5.318 570 09/17/2001 894190AK3 2838 Citigroup 03/27/1998 1,000.000.00 1,005,470.00 1,003,634.99 6.125 Aa3 S.770 411 06/15/2000 Subtotal and Average 13,832,560.06 13,825,000.00 13,642,747.50 13,832,010.64 6.834 690 Bankers Acceptances-Amortizing Subtotal and Average 1,198,654.17 Commercial Paper Disc.-Amortizing 22550KVG8 2887 Credit Suisse First Boston 04/20/1999 1,000,000.00 986,060.00 985,703.61 4.810 At+ 4.955 107 08/16/1999 22550KVL7 2888 Credit Suisse First Boston 04/20/1999 1,000,000.00 985,530.00 985,169.16 4.810 At+ 4.958 111 08/20/1999 Portfolio CITY AP Run Date:0610711999-12:27 PM(PRF PM2)SymRept V5.00j1 City of HB Portfolio Management Page 4 Portfolio Details - Investments April 30, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment!! Issuer Balance Date Par Value Market Value Book Value Rate Moodys Equiv. Maturity Date Commercial Paper Disc.-Amortizing 2338E1SA3 2891 Daimler/Chrysler 04/29/1999 2,000,000.00 1,998,160.00 1,997,610.00 4.780 Al 4.853 9 05/10/1999 36959JWL3 2879 General Electric Capital Corp 03/23/1999 1,000,000.00 981,370.00 980,987.78 4.820 Aaa 5.008 142 09/20/1999 61745BTJS 2877 Morgan Stanley Dean Witter 03/23/1999 1,000,000.00 993,890.00 993,560.00 4.530 AtP1 4.955 48 06/18/1999 61745SUGO 2878 Morgan Stanley Dean Witter 03/23/1999 1,000,000.00 990,150.00 989,824.45 4.820 AlP1 4.963 76 07/16/1999 81989DTB2 2880 Sharp Electronics Corp. 03/23/1999 1,000,000.00 994,820.00 994,476.39 4.850 P-1 4.971 41 06/11/1999 85462DSH7 2869 Stanley Works 01/29/1999 1,000,000.00 998,140.00 997,880.00 4.770 Al 4.906 16 05/17/1999 Subtotal and Average 5,602,364.29 9,000,000.00 8,928,120.00 8,925,211.39 4.936 62 Total Investments and Average 89,880,0T7.24 93,603,922.26 93,547,015.91 93,611,190.14 5A82 491 Portfolio CITY AP Run Date:06/07/1999-12:27 PM(PRF_PM2)SyrnRept V5.00jl City of HB Portfolio Management Investment Activity BY Type e Page 5 April 1, 1999 through April 30, 1999 Stated Transaction Purchases Sales/Maturitles CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 99-206 Union Bank 4.475 04/01/1999 0.00 1,065,000.00 99-207 Union Bank 4.975 04/01/1999 1,079,000.00 0.00 99-207 04/02/1999 0.00 1,079,000.00 99-208 Union Bank 4.225 04/02/1999 1,778,000.00 0.00 99-208 04/05/1999 0.00 1,778,000.00 99-209 Union Bank 4.288 04/05/1999 2,053,000.00 0.00 99-209 04/06/1999 0.00 2,053,000.00 99-210 Union Bank 4.038 04/06/1999 767,000.00 0.00 99-210 04/07/1999 0.00 767,000.00 99-211 Union Bank 4.038 04/07/1999 882,000.00 0.00 99-211 04/08/1999 0.00 882,000.00 99-212 Union Bank 4.038 04/08/1999 1,328,000.00 0.00 99-212 04/09/1999 0.00 1,328,000.00 99-213 Union Bank 3.975 04/09/1999 1,470,000.00 0.00 99-213 04/12/1999 0.00 1,470,000.00 99-214 Union Bank 4.038 04/12/1999 467,000.00 0.00 99-214 04/13/1999 0.00 467,000.00 99-215 Union Bank 4.038 04/13/1999 561,000.00 0.00 99-215 04/14/1999 0.00 561,000.00 99-216 Union Bank 4.038 04/14/1999 1,273,000.00 0.00 99-216 04/15/1999 0.00 1,273,000.00 99-217 Union Bank 4.163 04/15/1999 1,790,000.00 0.00 99-217 04/16(1999 0.00 1,790,000.00 99-218 Union Bank 3.975 04/16/1999 1,222,000.00 0.00 99-218 04/19/1999 0.00 1,222,000.00 99-219 Union Bank 3.975 04/19/1999 3,382,000.00 0.00 99-219 04/20/1999 0.00 3,382,000.00 99-220 Union Bank 3.850 04/20/1999 191,000.00 0.00 99-220 04/21/1999 0.00 191,000.00 99-221 Union Bank 3.975 04/22/1999 134,000.00 0.00 W221 04/23/1999 0.00 134,000.00 99-222 Union Bank 4.163 04/27/1999 206,000.00 0.00 99-222 04/28/1999 0.00 206,000.00 99-223 Union Bank 4.163 04/28/1999 649,000.00 0.00 99-223 04/29/1999 0.00 649,000.00 99-224 Union Bank 4.225 04/29/1999 867,000.00 0.00 Portfolio CITY AP Run Date:06/07/1999-12:27 PM(PRF_PM3)SymRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 6 Investment Activity By Type April 1, 1999 through April 30, 1999 Stated Transaction Purchases SaleslMaturities CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 99-224 04/30/1999 0.00 867,000.00 99-225 Union Bank 4.350 04/30/1999 4,102,000.00 0.00 Subtotal 24,201,000.00 21,164,000.00 4,102,000.00 Federal Agency Issues-Coupon 3133FMA70 2850 Federal Home Loan Bank 6.000 04/01/1999 0.00 1,000,000.00 EC12SU61 2886 Federal Home Loan Mort Corp 4.980 04/28/1999 999,325.65 0.00 31364GZAO 2885 Fed.NaVI Mort.Assoc. 5.910 04/20/1999 1,000,000.00 0.00 Subtotal 1,999,326.65 1,000,000.00 3Z,071,363.94 Local Agency Investment Funds (Monthly Summary) 982 Laif City 5.119 129,469.37 500,000.00 2206 LAIF-Redevelopment Agency 5.119 10,252,692.62 8,000,000.00 Subtotal 10,382,161.99 8,500,000.00 29,571,927-26 Treasury Securities-Coupon Subtotal 5,008,691.91 Medium Term Notes Subtotal 13,832,010.64 Bankers Acceptances-Amortizing PP500GH67 2873 Chase Manhattan Bank 4.750 04/19/1999 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 0.00 Commercial Paper Disc.-Amortizing 22550KVG8 2887 Credit Suisse First Boston 4.510 04/20/1999 984,233.89 0.00 22550KVL7 2888 Credit Suisse First Boston 4.810 04/20/1999 983,699.44 0.00 2338E1SA3 2891 Daimler/Chrysler 4.780 04/29/1999 1,997,078.89 0.00 Subtotal 3,965,012.22 0.00 8,925,211.39 Total 40,647,499.86 32,664,000.00 93,511,190.14 Portfolio CITY AP Run Date:06/07/1999-12:27 PM(PRF PM3)SyrnRept V5.00j1 City of HB Portfolio Management Page 7 Investment Activity Summary April 1998 through April 1999 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Securities of Securities Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Matured/Sold Term Days to Maturity April 1998 53 80,602,816.72 5.850 5.931 5.672 24 22 786 576 May 1998 54 83,621,791.26 5.819 5.899 5.673 23 22 773 562 June 1998 55 84,455,681.85 5.817 5.898 5.672 26 25 778 563 July 1998 56 83,642,844.34 5.807 5.888 5.664 26 25 841 589 August 1998 54 77,690,951.82 5.824 5.905 5.652 10 11 803 572 September 1998 51 77,508,594.55 5.890 5.971 5.652 20 23 986 704 October 1998 51 78,541,518.18 5.762 5.842 5.557 25 23 800 565 November 1998 52 76,492,332.75 5.689 5.768 5.492 21 20 763 552 December 1998 54 81,367,090.50 5.639 5.718 5.374 20 16 702 491 January 1999 54 87,055,940.91 5.534 5.611 5.265 19 18 704 478 February 1999 53 85,056,577.81 5.515 5.592 5.210 21 20 730 500 March 1999 57 84,419,286.15 5.477 5.553 5.136 30 26 764 541 April 1999 60 89,880,077.24 5.407 5.482 5.119 24 21 710 491 Average 54 82,319,725.04 5.696% 6.774% 6A72 22 21 780 653 Portfolio CITY AP Run Date:O8/09/1999-16:20 PM(PRF PM4)SymRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type April 1998 through April 1999 April May June July August September October November December January February March April Average Investment Type 1998 1998 1998 1998 1998 1998 1998 1998 1998 1999 1999 1999 1999 by Period Repurchase Agreements 0.6 2.1 1.9 2.4 2.0 5.0 2.4 4.0 2.1 3.1 1.3 1.2 4.4 2.5% Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 53.8 52.1 52.4 56.0 53.6 57.3 47.9 42.9 38.7 38.9 35.6 36.3 34.3 46.1% Local Agency Investment Funds 26.5 25.8 25.9 19.3 21.5 9.9 28.6 30.9 31.6 32.7 33.5 32.4 31.6 27.0% Treasury Securities-Coupon 3.6 3.6 3.5 5.0 5.1 6.6 5.3 5.0 4.6 4.6 6.0 5.9 5.4 4.9% Variable CD's Negotiable CD's Certificates of Deposit-Bank Medium Term Notes 12.0 11.9 12.8 13.7 14.1 18.1 14.5 16.0 14.9 14.9 16.5 16.2 14.8 14.6% Mortgage Backed Securities Bankers Acceptances-Amortizing 1.3 1.2 4.7 2.3 0.7% Commercial Paper Disc. Amortizing 2.3 5.8 2.4 5.8 9.5 2.0% Federal Agency Disc.-Amortizing 5.8 0.4% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Portfolio CITY AP Run Date:06/07/1999-12:27 PM(PRF_PM5)SyrnRept V5.00j1 Report Ver.5.00 r Treasurer's Report - Shari L. Freidenrich, CPA Investment Policy 99/00 • Approved by IAB on Oct 27 , 1999 • Annually updated/approved Slide 2 Treasurer's Report - Shari L. Freidenrich, CPA Investment Policy 99/00 • Major changes * Updated Conflict of Interest language * Limiting investments in a specific type to 60% * Limited investment to 10% in any one issuer Slide 3 /i CITY OF HUNTINGTON BEACH MEETING DATE: February 7, 2000 DEPARTMENT ID NUMBER: CT 00-02 Council/Agency Meeting Held: O O Deferred/Continued to: R Approve ❑ Condit onally Approved ❑ Denied � . City Clerk's Signature 4171 Council Meeting Date: February 7, 2000 Department ID Number: CT 00-02 z ti c CITY OF HUNTINGTON BEACH a H REQUEST FOR COUNCIL ACTION =' co SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS ,< SUBMITTED BY: SHARI L. FREIDENRICH, City Treasure .o .2 /~ PREPARED BY: SHARI L. FREIDENRICH, City Treasurer > SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S DECEMBER, 1999 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, 1999 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, 1999, 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 Monthly Investment Report and Summary of Investments for December, 1999 RCAINVSM02 -2- 1/25/00 1:08 PM Monthly Investment Report and Summary Of Investments for December 1999 Attachment 1 City of Huntington Beach Summary of Investment Portfolio Activity for December, 1999 Financial Information: Increase November December (Decrease) End of month City Portfolio Balance $94,004,279 $102,804,587 $8,800,308 Accrued Interest at Purchase $28,785 $59,630 $30,845 Interest Earned for Month $421,432 $464,230 $42,798 Earned Interest Yield Average 5.73% 5.64% -0.09% Average Maturity( in days) 530 473 -57 End of Month Market Value $93,098,674 $101,712,319 $8,613,645 End of month bank cash balance $4,895,519 $4,295,033 ($600,486) Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $300,000 $464,230 $164,230 Interest Earned Year to Date $900,000 $1,318,378 $418,378 Earned Interest Yield Year.to Date 5.50% 5.66% 0.16% Transaction Summary: Increase November December (Decrease) Number of Securities Purchased 17 21 4 Number of Securities Matured/Sold 18 13 -5 Summary by Individual Investment: Days Int. December % of Total Policy Limit to Mat. Rate Federal Agy Issues -Coupon $46,511,312 45% None 763 5.75% Local Agency Inv. Fund (LAIF) $21,182,493 21% $40 million 1 5.64% Medium Term Notes $13,827,199 13% 20% 512 5.87% Treasury Securities -Coupon $6,014,003 6% None 748 5.64% Commercial Paper- Disc. $7,973,958 8% 15% 19 6.48% Banker's Acceptances $1,979,149 2% 25% 117 5.86% Federal Agy Issues -Amort. $5,316,473 5% None 220 5.78% $102,804,587 100% 4 City of Huntington Beach City of HB 2=Main St Huntington Beach,CA,92548 Portfolio Management Portfolio Summary December 31, 1999 Investmerrts Par Market Book %of Dais to YTM YTM Value Value Value Portfolio Term Maturity 360 Equiv. S68 Equiv. Federal Agency Issues-Coupon 46,550,000.00 45,661,91525 46,511,31229 45.24 1.074 763 5.668 5.747 Local Agency Investment Funds 21,182,492.48 21,182,492.48 21,182,492.48 20.60 1 1 5.562 5.639 Treasury Securities-Coupon 6,000,000.00 5,929,060.00 6,014,003.17 5.85 1,258 748 5.560 5.637 Medium Term Notes 13,825,000.00 13,646,669.50 13,827,199.17 13.45 1,049 512 5.787 5.867 Bankers Acoeptarroes,Amartizing 2,016,863.65 2,006,186.58 1,979,148.76 1.93 167 117 5.781 5.861 Commercial Paper Disc.-Amortizing 8,000,000.00 7,975,850.00 7,973,957.78 7.76 52 19 6.387 6A76 Federal Agency Disc..AmorWft 5,500,000.00 5,310,145.00 5,316,473.47 5.17 331 220 5.701 5.780 Investments 103,074,366.13 101,712,518.81 102,804,587.12 100.00% 725 473 5.716 5.796 Cash and Accrued Interest Passbook/Checking 0.00 0.00 0.00 0 0 0.000 0.000 (not br*xW in yield calculations) Accrued Interest at Purchase 59,630.26 59,63026 Subtotal 59,630.26 59,63026 Total Cash and Investments 103,074,366.13 101,771,949.07 102,864,217.38 725 473 6.716 5.795 Total Earnings December 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 464,230.35 1,318,378.22 Current Budget 300,000.00 900,000.00 3,600,000.00 Last Year Actual 348,753.00 1,011;496.00 4,513,758.00 Average Daily Balance 96,931,805.31 92,488,164.35 Effective Rate of Return 5.64% 5.66% 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.20, 1999. 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 sbt month's obligations. Market Values provided by Union Bank via MeRHI Lynch and J.J.Kenney pricing services. r I-ZS-20v0 L. REI NR1CH,CITY TREASURER Portfolio CITY AP Run Date:01/25120 0 0-08:10 PM(PRF PMt)SymRept V5.01f City of HB Portfolio Management Page 2 Portfolio Details -Investments December 31, 1999 Average Purchase Stated WM Days to Maturity CUSIP Investment a Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity De Repurchase Agreements Subtotal and Average 624,129.03 Federal Agency Issues-Coupon 31331RKE4 2813 Federal Farm Credit Bank 1.120/1997 1,000,000.W 995,940.00 1,000,092.30 5.910 AAA 5.898 324 1120/2000 31331HWTO 2892 Federal Farm Credit Bank 05/0311M 1,000,000.W 969,690.W 99%M.70 5250 AAA 5283 851 05/011M 31331RSK7 2895 Federal Farm Credit Bank 052W1999 1,000,000.00 990,2W.W 1,000,000.00 5260 AAA 5260 333 11292000 31331HZF7 2907 Federal Farm Credit Bank 07/01/1999 11000,000.00 991,870.W 998,964.52 5.875 AAA 5.949 SO 07/022001 31331HVJ3 2928 Federal Farm Credit Bank 1220/1999 1,000,000.W 996,090.W 998,980.98 5.730 AAA SAM 152 06/012000 3133WSW 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 986A90.W 1,000,000.W 62W AAA 62W 1,094 12/30/2002 3133hCM7 2821 Federal Home Loan Bank 01/07/1998 1,000,WOMO 982,030.W 1,000,000.W 6215 AAA 6215 1,102 01/072003 3133M7NM4 2871 FederatHome Loan Bank IX3/05/1999 1,000,000.W 968,130.W 1,000,000.W 5.390 AAA 5.390 978 09/05/2002 313MOCIN 2874 Federal Home Loan Bank 02221999 11000, W-W 945,310.W 991,688.46 5.125 AAA 5.380 1,353 09/152003 3133M7VS2 2876 Federal Home Loan Bank 03/15/1999 1,000,000.W 980,000.W 1,000,000.W 5.330 AAA 5.330 622 09/142001 3133M5BC3 2881 Federal Home Loan Bank 03/31/1999 1,000,000.W 985,160.W 1,003,435.99 5.500 AAA 5261 590 08/132001 3133MSJ92 2882 Federal Mome Loan Bank 03/31/1999 1,000,000.W 961,720.W 1,W2,524.10 5.630 AAA 5.546 1,340 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.W 1,068,048.80 1,109,826.18 5.690 AAA 5.540 1,265 06/192003 3133MMM 2889 Federal Home Loan Bank 05/10/1999 1,000,Wom 951,250.W 1,000,000.W 5.625 AAA 5.625 1,591 05/102004 3133MBUR3 2898 Federal Home Loan Bank 06/07/1999 1,000,000.W 962,SW.W 1,000,000.W 6.000 AAA 6.000 1,619 06/072004 3133M92U5 2903 Federal Home Loan Bank OW2811999 1,000,000.00 982,660.W 1,000,000.W 6.025 AAA 6.025 909 06282002 3133M9C K6 2906 Federal Home Loan Bank 07/19/1999 1,000,000.W 986,560.W 1,000,000.W 62M AAA 62M 930 07/192002 3133KSM 2920 Federal Mome Loan Bank 10AW1999 2,000,000.W 1,991,880.W 1,999,69529 5.750 AAA S.770 271 09282000 3134AXT1 2886 Federal Home Loan Mort Corp 0428/1999 1,000,000.00 996,260.00 999,780.84 4.980 AAA 5.050 118 OVUM 00 3134A3CIR0 2894 Federal Home Loan Mod Corp 05/13/1999 1,0D0,000.W 986,410.W 1,000,000.00 5.480 AAA 5.480 500 05/152001 31364C4D7 2800 Fed.Nan Mort.Assoc. 08/12/1997 1,000,000.W 987,810.W 996,255.93 6.160 AAA 6.320 947 08/052002 31364C4P0 2801 Fed.Nat'l Mort.Assoc. 08/12/1997 1.000,000.00 997,660.00 998,320.35 5.910 AAA 6221 219 08/072000 31364FLJ8 2818 Fed.Will Mort.Assoc. 1226/1997 1,000,000.00 977,5W.00 1,000,000.00 6.150 AAA 6.150 1,090 12262002 31364FNB3 2825 Fed.Narl Mort.Assoc. 01/14/1998 1,000,000.00 973,590.00 1,000,000.00 6.010 AAA 6.010 1,109 01/142003 31364FN53 2826 Fed.Narl Mort.Assoc. 01/14/1998 1,000,000.00 973,590.00 1,000,000.00 6.010 AAA 6.010 1,109 01/142003 31364FG39 2846 Fed.Narl Mort.Assoc. 05/21/1998 1,000,000.W 971,090.00 1,000,000.00 6.030 AAA 6.030 1,230 05/152003 31364FXSS 2853 Fed.Narl Mort.Assoc. 0721/19SS 1,000,000.W 967,690.00 999,166.96 6.010 AAA 6.093 1,286 07/102003 31364GDY2 2856 Fed.Nat I Mort.Assoc. 1029/1998 1,000,000.00 973,280.W 999,809.61 5.000 AAA 5.011 667 10292001 31364GGH6 2859 Fed.Nan Mort.Assoc. 11/13/1998 1,000,000.00 947,500.00 999,033.33 5270 AAA 520 1,412 11/13rM 31364GP69 2866 Fed.Narl Mort.Assoc. 01/13/1999 1,000,000.00 982,190.00 1,000,000.00 5260 AAA 5260 559 07/132001 31364GEM7 2884 Fed.Narl Mort.Assoc. 03/31/1999 1,000,000.00 942,740.00 978,563.11 5.120 AAA 5.758 1,402 11/03/2003 31364GZAO 2885 Fed.Narl Mort.Assoc. 04I20/1999 1,000,000.W 961,560.00 1,000,000.00 5.910 AAA 5.909 1,539 03/192004 31364GM63 2890 Fed.Nan Mort.Assoc. 05/05/1999 1,000,000.W 958,230.00 1,000,000.00 5.780 AAA 5.780 1,586 05/05/2004 Portfolio CITY AP Run Date:0125/2000-08.10 PM(PRF PM2)SymRept V5.01f City of HB Portfolio Management Page 3 Portfolio Details -Investments December 31, 1999 Average Purchase Stated YTM Days to maturity CUSIP Investment N Issuer Balance Date Par Value Market Value Book Value Rate Moody's 366 Maturity Date Federal Agency Issues-Coupon 31364F2M2 2893 Fed.Nail Mort.Assoc. 05107/19" 2,000,000.00 1,991 560.00 2,004,171.49 6.560 AAA 5.166 206 07/24/2000 31364GC193 2905 Fed.Nari Mort.Assoc. 06/11/19" 1,000,000.00 966,720.00 987.243.81 6.000 AAA 6.343 1,598 05/17/2004 31364FATS 2915 Fed.Narl Mort.Assoc. 10/04/1999 1,000,000.00 998,590.00 1,002,684.87 6.140 AAA 5.744 261 09/182000 31364G7J2 2919 Fed.Neff Mort.Assoc. 10/04/1999 1,000,000.00 995,780.00 999,765.63 5.730 AAA 5.761 265 09/22/2000 31364KAG5 2921 Fed.Narl Mort.Assoc. 10A4/1999 3,000,000.00 2,986,590.00 2,999,091.62 5.760 AAA 5.801 275 10/02/2000 31364KAG5 2922 Fed.Narl Mort.Assoc. 10AW1999 1,000,000.00 995,530.00 999,776.69 5.760 AAA 5.790 275 10/02/20W 31364GAE9 2923 Fed:Narl Mort.Assoc. 10f05/1999 1,000,000.00 991,410.00 994,578S7 5.100 AAA 5.869 268 0925r2000 31364FATS 2926 Fed.Narl Mort.Assoc. 1126/1999 1.175,000.00 1,173,343.25 1,176,292.70 6.140 AAA 5.966 261 09/182000 31364BHP8 2929 Fed.Nat'l Mort.Assoc. 1220/1999 1,270.000.00 1,270,203.20 1,272,270.26 6.3W AAA 6.048 228 08/162000 Subtotal and Average 46,118,834A9 46,660,000.00 46,661,91525 46,611,312.29 5.747 763 Local Agency Investment Funds 982 L air city 10,735.907.95 10,735,907.96 10,735,907.95 5.639 NR 5.639 1 2206 LAIF-Redev k prn-d Agency 10,446,584.53 10,446,584.53 10,446,584.53 5.639 NR 5.639 1 Sub total and Average 21,237,331.19 21,182,492A8 21,182A9248 21,182A92AS 5.639 1 Treasury Securities-Coupon 9128274NO 2896 US.Government Tram.Note 05/13/1999 1,000AW.00 964,220.00 994,155.14 5.250 AAA 5.431 1,322 08/152003 9128273C4 2897 US.Government Treas.Note 05/17/1999 1,000,000.00 994,060.00 1,012,443.69 6.000 AAA 5.464 942 =31r= 912827Z39 2783 UNITED STATES TREASURY 03/17/1997 1,000,000.00 1,003,750.00 999,883.29 6.500 AAA 6507 808 08/312001 912827V66 2819 UNITED STATES TREASURY 12/10/1997 1,000,000.00 997,190.00 999,32528 5.750 AAA 5.837 304 101312000 9128273U4 2854 UNITED STATES TREASURY 07/31/1998 1,000,000.00 999,840.00 999.914.62 5.375 AAA 5.485 30 01/312000 9128274K5 2875 UNITED STATES TREASURY 0222/1999 1,000,000.00 970,000.00 1,008281.15 5.375 AAA 5.106 1,276 OSrJO/2003 Subtotal and Average 6,014,163.60 6,000,000.00 5,929,060.00 6,014,008.17 5.637 748 Medium Tenn Notes 02687OAK4 2839 American Wi Group(AIG) 03/30/1998 1,000,000.00 999,540.00 1,000,095.96 5.750 Asa 5.716 86 03/272000 046003EL9 2830 Associated Corp. 0129/1998 1,000,000.00 998,350.00 1,000,789.35 6.000 AA3 5.808 166 06/152000 046003JP5 2857 Associated Corp. 11/06/1998 1,000,000.00 974,050.00 1,005,265A7 5.876 AA3 5.640 926 07/152002 05943FAES 2809 Banc One Corp. 10/14/1997 1,000,000.00 997,450.00 1,001,134.04 6.2M AA_ 6.060 244 09/012000 06651PAA1 2872 Bank United 02/17/1999 1,000,000.00 938,540.00 989,426.93 5.400 Asa 5.700 1,493 02M2r2W4 36962GMD3 2840 General Electric Capital Corp 04/03/1998 1,000,000.00 1,000,100.00 1,000,100.54 5.840 Aaa 5.70 89 03/=000 36962GN E1 2841 General Electric Capital Corp 04/061998 1,000,000.00 991,430.00 1,000,140.16 5.920 Asa 5" 458 04103I2001 36962GUD4 2912 General Electdc Capital Corp 09/17/1999 1,000,000.00 993510.00 1,000,000.00 6.330 Aaa 6.330 625 09/172001 36962FU61 2924 General Electric Capital Corp 10/12/1999 1,000,000.00 1,003.430.00 1,002,876.58 7.020 Aaa 6.087 115 04252000 61687YBUO 28N JP Morgan 10/02/1997 1,000,000.00 995,320.00 999.864.50 6.125 AA 6.145 275 10/02MM Portfolio CITY AP Run Date:OV2MMW-08.10 PM(PRF PMZ)SymRept V5.01r State of California Pooled Money Investment Account Market Valuation 12/31/99 !4 �. ,any , . ,..... .o. . . ;:: 4 United States Treasury: Bills $ 1,389,526,715.72 $ 1,422,135,902.13 $ 1,420,350,830.48 NA Notes $ .2,347,392 850.95 $ 2,347,392,850.95 $ 2,330,850,750.00 $ 25,809,452.75 Federal Agency: Bonds $ 2,821 859 587.83 $ 2,821,591,182.95 $ 2,803,044,984.20 $ 33,453,016.41 Floaters $ 100,000,000.00 $ 100,000,000.00 $ 100,000,000.00 $ 912,465.00 MBS $ 449.,497,198.39 $ 449,497,198.39 $ 427,355,487.74 $ 2,435,877.67 GNMA $ 1,497,373.43 $ 1,497,373.43 $ 1,666,825.70 $ 14,749.71 SBA $ 255,168,104.73 $ 255,168,104.73 $ 254,839,239.37 $ 2,259,106.00 FHLMC PC $ 14,589,871.70 $ 14,589,871.70 $ 15,361,745.24 $ 234,209.98 Discount Notes $ 4,441,225 663.92. $ 4,533,752,293.58 $ 4,531,237,376.08 NA Bankers Acceptances $ - $ - $ - NA Corporate: Bonds $ 1,021,775,497.48 $ 1,020,810,162.61 $ 1,011,097,212.75 $ 18,610,634.19 Floaters $ 1,346,977,889.08 $ 1.,346,859,1.44.35 $ 1,350,134,563.00 $ 9,044,801.77 CDs $ 4,508,233,842.08 $ 4,505,607,046.23 $ 4,498,047,209.22 $ 82,307,645.27 Bank Notes $ 1,913,161.,212.40 $ 1,912,992,584.80 $ 1,910,657,120.27_ $ 37,759,116.66 Repurchase Agreements $ - $ - $ - NA Time Deposits $ 2,799,895,000.00- $ 2,799,895,000.00 $ 2,799,895,000.00 NA AB 55&GF Loans $ 2,333,498,378.10 $ 2,333,498,378.10 $ 2,333,498,378.10 NA Commercial Paper $ 8,770,104,843.47 $ 8,836,109,419.44 $ 8,840,416,606.54 NA Reverse Repurchase $ 466,810,844.64 $ (466,810,044.641 $ 466,810,844.64 $ 1,435,466.89 1. TOTAL $ 34,047,597,184.64. $ 34,234,585,668.7 $ 34,161.,642,484.05 $ 211,405,608.52 Fair Value Including Accrued Interest $ 34,373,048,092.57 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 (.997869313). As an example: if an agency has an account balance of$20,000,000.00, then the agency would report its participation in the LAW valued at $19,957,386.26 or$20,000,000.00 x .997869313. RCA ROUTING SHEET INITIATING CITY TREASURER DEPARTMENT: SUBJECT: Investment Summary Report 'COUNCIL MEETING DATE: February 7, 2000 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 Attomeyj Not Applicable Subleases, Third-Party Agreements, etc. (Approved as to form by City Attome Not Applicable Certificates of Insurance (Approved by the City Attome 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 14 Assistant City Administrator Initial City Administrator Initial City Clerk EXPLANATION FOR RETURN OF ITEM: (Below Only) Tr easurees Report-Shari L Freidendch,CPA, CCMT TREASURER'S REPORT Shari L. Freidenrich, CPA, CCMT February 7, 2000 Slide 1 Treasurer's Report-Shari L.Freidenrich, CPA, CCMT Investment Balance Trends Portfolio Balances by Type $60M $70M 77M $86M $76M $103M too°io • • • • • • ■Treasuries 80% ® M Med Notes ■ 91 LAIF 60% p Fed Ag. 40% ❑CP ■BA 20% ®Repur. 0% Slide 2 Dec-95 Dec-96 Dec-97 Dec-98 Sep-99 Dec-99 Z i c� ior2 d Treasurer's Report-Shari L.Freidenrich,CPA, CCMT Investment Percentages By Type of Investment F - LAIF Federal,y Agencies R Co Pa 8% reas Sec. s% Slide 3 ount 6% Treasurer's Report-Shari L.Freidenrich, CPA, CCMT Liquidity Investment Maturities by Days, Ending Dec 1998/1999 O 1 Day �% MID19% ®2480 Days 30% ❑.5-1 Yr. 10% 21% ❑O 1 -1.5 Yr. i 20% 0 14% 11%12% i 1.5-2 Yr. 0/08% / ❑2-3 Yr. 10% 002 3-4Yr. 0% ' 1,Iff-I PAN _ -5 Yr. 9% 10% 7% 22% 7% ■3-D Column 9 Slide 4 1998 1999 Treasurer's Report-Shari L.Freidenrich, CPA, CCMT Investment Yields Trends El LAIF/T-Bill Ave. 0 Actual = LAW 8.00% 6.79h° 6.60% 6.66% 7.00% 6.63% 6.00% 6.07% 6.22% 6.80° 6% , 3.00% � 2.00% �. 1.00% y Dec-98 Jun-99 Sep-99 Dec-99 Slide 5 Treasurer's Report-Shari L.Freidenrich, CPA, CCMT General Fund Est. Cash Flow Jan 2000 to Jun 2000 $10,000,000 $1 025 870 #7,942,095 $5,000,000 0,001,155 ($5,000,000) ($245,635) ($85,985) 3 426 922 ($10,000,000) ($15,000,000) ($20,000,000) Jan-00 Feb-00 Mar-00 Apr-00 May-00 Jun-00 Slide 6 ire�den ri ch- %reas�r� CITY OF HUNTINGTON BEACH MEETING DATE: January 18, 2000 DEPARTMENT ID NUMBER: CT 00-01 Council/Agency Meeting Held: zoo 0 Deferred/Continued to: Appr e ❑ C itionally p�foved Deniedft�� ty Clerk's Signature oom Council Meeting Date: January 18, 2000 Department ID Number: CT 00-01 CITY OF HUNTINGTON BEACH o G REQUEST FOR COUNCIL ACTION 7-, t-, SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS L SUBMITTED BY: SHARI L. FREIDENRICH, City Treasur ' PREPARED BY: SHARI L. FREIDENRICH, City Treasurer r1j n SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S NOVEMBER, 1999 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, 1999 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, 1999, 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. i Environmental Status: Not applicable. Attachment(s): City Clerk's Page Number 1 Monthly Investment Report and Summary of Investments for November, 1999 C � INVSM0001 -2- 1/5/00 3:25 PM Monthly Investment Report and Summary Of Investments for November 1999 Attachment 1 City of Huntington Beach Summary of Investment Portfolio Activity for November, 1999 Financial Information: Increase October November (Decrease) End of month City Portfolio Balance $91,747,850 $94,004,279 $2,256,429 Accrued Interest at Purchase $19,978 $28,785 $8,806 Interest Earned for Month $431,278 $421,432 ($9,846) Earned Interest Yield Average 5.58% 5.73% 0.15% Average Maturity ( in days) 562 530 -32 End of Month Market Value $90,923,085 $93,098,674 $2,175,589 End of month bank cash balance $3,352,849 $4,895,519 $1,542,670 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $300,000 $421,432 $121,432 Interest Earned Year to Date $600,000 $850,571 $250,571 Earned Interest Yield Year to Date 5.50% 5.64% 0.14% Transaction Summary: Increase October November (Decrease) Number of Securities Purchased 25 17 -8 Number of Securities Matured/Sold 19 18 -1 Summary by Individual Investment: Days Int. November % of Total Policy Limit to Mat. Rate Federal Agy Issues - Coupon $44,239,149 47% None 823 5.73% Local Agency Inv. Fund (LAIF) $23,082,493 25% $40 million 1 5.48% Medium Term Notes $13,828,624 15% 20% 543 5.87% Treasury Securities - Coupon $6,014,314 6% None 779 5.64% Commercial Paper- Disc. $1,979,276 2% 15% 65 5.94% Banker's Acceptances $1,002,167 1% 25% 96 5.63% Federal Agy Issues -Amort. $3,858,256 4% None 240 5.65% . $94,004,279 100% iff City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92548 Portfolio Summary Fei!3 November 30, 1999 Par Market Book %of Days to YTM YTM tnveshnents Value Value Value Portfolio Term Maturity 360 Equiv. 386 Equly. Federal Agency Issues-Coupon 44,280,000.00 43,548,212.45 44,239,149.38 47.06 1.118 823 5.655 5.734 Local Agency Investment Funds 23.082.492.48 23,082,492.48 23,082,492.48 24.55 1 1 5.409 5.484 Treasury Secwrdiss-Coupon 6,000,000.00 5,955,450.00 6,014,313.84 6.40 1,258 779 5.580 5.637 Medium Term Notes 13,825,000.00 13,678,748.00 13X8,624.21 14.71 1,049 543 5.787 5.867 Bankers AooepWww Ar odIzhV 1,016,863.65 1,001,031.08 1,002,166.58 1.07 159 96 5.563 5.830 Commercial Paper Disc.,Amortizing 2,000,000.00 1,978,790.00 1,979,276.11 2.11 126 65 SAM 5.941 Federal Agency Disc.,Amort ft 4,000,000.00 3,853,950A0 3,858,256.11 4.10 358 240 5.575 5.652 Investrrtents 94,204,356.13 93,098,674.01 84,004,V8.71 100.00% 780 530 5.608 5" Cash and Accrued Interest Viking 0.00 0.00 0.00 0 0 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase 28,784.62 28.784.62 Subtotal 28,784.62 28,784.62 Total Cash and Inveshnents 94,204,356.13 83,127r458.63 94,033,063.33 780 630 5.608 SAW Total Earnings November 30 Month Ending Fiscal Year To Date Fiscal Year Ending Currant Year 421,432.27 850,571.08 Current Budget 300,000.00 600,000.00 3,600,000.00 Last Year Actual 322,714.00 662,743.00 4,513,758.00 Average Daily Balance 88,455,049.36 90,229,950.75 Effective Rate of Retum 5.73% 6.64% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled Westments and Is In conformity with all State laws and the investment policy statement filed with the City Council on Dec.20, 1999. A copy of this policy Is available at the office of the City Clerk The investment program herein shown provides sufficient cash flow Ii iit)y to most the next set month's obligations. Market Values provided by Union Bank via Merrill L and J.J.Kwney pricing services. /-S- Oa S FREI N CH,CITY TREASURER Portfolio CITY AP Run late:01A)6@000-15.49 PM(PRF PM1)SymRsO V5.01f City of HB Portfolio Management Page 2 Portfolio Details-Investments November 30, 1999 Average Purchase Stated YTM Days to Maturity CUSIP Investment 0 Issuer Balance Date Par Value Market Value Book Value Rate Moodys 365 Maturtly Date Repurchase Agreements Sul and Average 779ASS-67 Federal Agency Issues-Coupon 001143609 2813 Federal Farm Credit Bank 1120/1997 1,000,000.00 998,180.00 1,WO.1W.98 5.910 AAA 5.898 355 11f1Or= 31331HWTO 2892 Federal Farm Credit Bards 05MW1999 1,000,000.00 974,060.00 999.273.65 52M AAA S.283 882 05 OW= EX1345478 2895 Federal Farm Credit Bank 05/2811999 1,000,000.00 991,960.00 1,000,000.00 52W AAA 5260 364 11rAM 2000 31331HZF7 2907 Federal Farm Credit Bank 07/01/1999 1,000,000.00 993,280.00 998,907.10 SA75 AAA 6.949 579 07M212W1 2820 Federal Home Loan Bank 12rJO/1997 1,000,000.00 985,000.00 1,000,1100.00 6.2W AAA 6.2W 1,125 121302002 3133M2VH7 2821 Federal Hone Loan Bank 01/07/1998 1,000,000.00 985.160.00 1,000,000.00 6.215 AAA 6.215 1.133 01/07/2003 EC1010007 2871 Federal Home Loan Bank 03MI999 1,000,000.00 973,130.W 1,000.OW.00 5.390 AAA 5.390 1,009 09A5/2002 3133MSQB9 2874 Federal Hone Loan Bank 02=1999 1,000,000.00 953,130.W 991,501.54 5.125 AAA 5.3M 1,W 09/152003 3133M7VS2 2876 Federal Home Loan Bank 03/15/1999 1,000,000.00 984,060.00 IAW,OW.00 5.330 AAA 5.330 653 09/142001 3133h45BC3 2881 Federal Home Loan Bank 03/31/1999 1,000,000.00 986,720.00 1,003,613.10 5.500 AAA 5261 621 08/132001 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000.000.00 969,530.00 1,002.681.42 5.630 AAA 5.546 1,371 09/02a003 3133144RE5 2883 Federal Home Loan Bank 03/31/1999 1.105.000.00 1,077,032.45 1,109,94220 5.690 AAA 5.540 12M 06/192003 3133M8LR3 2889 Federal Home Loan Bank 05/10/1999 1,000,000.00 958,440.00 1,000,000.00 5.625 AAA 5.625 1.622 OS/102004 EC1365492 2898 Federal Home loan Bank 06/07/1999 1,0W.000.00 969,530.00 11000.000.00 6.000 AAA 6.000 1,650 06V072004 EC1444214 29M Federal Home Loan Bank 0628/1999 1,000.000.00 986,720.00 1,000,000.00 6.025 AAA 6.025 940 06282002 3133M9M 2906 Federal Home Loan Bank 07/1911999 1,000,000.00 990.620.00 1,000,000.00 6250 AAA 6250 961 07/192002 3133M9ZR6 2920 Federal Home Loan Bank 10/04/1999 2,OW.000.00 1.995.000.00 1,999,651.06 5.750 AAA 5.770 302 09/2820W EC125SO61 28M Federal Moms Loan Mort Corp 0428/1999 1.000,000.00 995,940.00 999.724.64 4.980 AAA 5.050 149 0428/2000 EC1333136 2894 Federal Home Loan Mot Corp 05/13/1999 1,000,000.00 988,440.00 1,000,000.00 5.480 AAA 5.480 531 05/152W1 31364C4D7 2800 Fed.Mall Mort.Assoc. 08/12/1997 1,000,000.00 992,810.W 996,135.67 6.150 AAA 6.320 978 08/052002 31364C4PO 2801 Fed.Nall Mort.Assoc. OS/12/1997 1,000.000.00 998,440.W 998,087.07 5210 AAA 6221 250 08A72000 31364FLJS 2818 Fed.Nell Mot.Assoc. 1226/1997 1,000.000.00 981,2W.W 1,000,OW.00 6.150 AAA 6.150 1.121 12282002 31384FNB3 2825 Fed.Nall Mort.Assoc. 01/14/1998 1,000.000.00 977,030.00 1.000,000.00 6.010 AAA 6.010 1.140 01/142003 DD1152733 2826 Fed.Nell Mot.Assoc. 01/14/1998 1,000,000.00 977,030.W 1,000,000.00 6.010 AAA 6.010 1,140 01/142003 2846 Fed.Narl Mort.Assoc. 0521/1998 1,000,000.00 97SJMO.W 1,000,000.00 6.030 AAA 6.030 1,261 05/152003 31364FX55 2853 Fed.Nall Mort.Assoc. 0721/1998 1,000,0W.00 972,190.00 999.034.73 6.010 AAA 6.083 1,317 07/102003 ECO581545 28W Fed.Narl Mort.Assoc. 1029/1998 1,000,0W.00 976,250.W 999,8W.93 5.000 AAA 6.011 698 1029R001 31384GGH6 2859 Fed.Nan Mort.Assoc. 11/13/1998 1,000,000.00 953,5W.00 999,012.50 5270 AAA 5299 1,443 11/132003 31364GP69 2866 Fed.Nall Mort.Assoc. 01/13/1999 1.000,000.00 984,690.00 1,000.000.00 52M AAA 52M 590 07M32001 31364GEM7 2884 Fed.Nat9 Mort.Assoc. 03/31/1999 1,0W.000.00 950AW.00 978.097.76 5.120 AAA 5.758 1,433 11/03/Z003 31364GZAO 2885 Fed.Narl Mort.Assoc. 0420/1999 1,000,000.00 967,970.00 1,000,000.00 5.910 AAA 5.909 1,570 03/192004 31354GM63 2890 Fed.Nall Mort.Assoc. 05/05/1999 1,000.000.00 966,670.00 1,000,000.00 S.780 AAA 5.780 1.617 05/OS/2004 31364F2M2 2893 Fed.Narl Mot.Assoc. 05/07/1999 2,000,000.00 1.990.940.00 2,004,78726 5.560 AAA 5.166 236 07242000 Podwk)CITY AP Run Date:OIAWd2=-I Z35 PM(PRF PM2)SymnRept V5.01} City of HB Portfolio Management Page 3 Portfolio Details-Investments November 30, 1999 Average Purchase Stated YTM Days to Maturity CUSIP Investment 0 Issuer Balance Date Par Value Market Value Book Value Rate Moody's US Maturity De Federal Agency Issues-Coupon 31364GC93 2905 Fed.Narl Mort.Assoc. 06/11/1999 1,000,000.00 973,910.00 987,000.99 6.000 AAA 6.343 1,629 05/172004 31364FATS 29t5 Fed.Narl Mort.Assoc. IOAW1999 1,000,000.00 1,000,000.00 1,002,998.27 6.140 AAA 5.744 292 09/182000 31364G7J2 2919 Fed.Narl Mort.Assoc. 10AW1999 1,000,000.00 996,720.00 999,738.69 5.730 AAA 5.761 296 0922/2000 31364KAGS 2921 Fed.Nan Mort.Assoc. 10/04/1999 3,000,000.00 2,992,230.00 208,991.05 5.760 AAA 5.801 306 10I0212000 31364KAGS 2922 Fed.Nan Mort.Assoc. IORW1999 1,000,000.00 997,410.00 999.751.97 5.760 AAA 5.790 306 10I022000 31364GAE9 2923 Fed.Nan Mort.Assoc. 10/05(1999 1,000,000.00 991;720.00 993,902.50 5.100 AAA S.869 299 =25r= 313S4FAT8 2926 Fed.Narl Mort.Assoc. 1126/1999 1;175,000.00 1;175,000.00 1,176.443.60 6.140 AAA 5.966 292 09/182000 Subtotal and Average 43,258.T67.83 44,280,000.00 43,648,212AS 44,239,149.38 5.734 823 Local Agency Investment Funds 982 Lail City 4,335,907.95 4,335.907.95 4,335.907.95 5.484 NR 5.484 1 2206 LAIF-Redevelopment Agericy 18,746,584.63 18,746,S84.53 18,746,584.53 5.484 NR 5.484 1 Subtotal and Average 18,282rt92.48 28,082,492A8 23,082,492.48 23,082,492A8 5A84 1 Treasury securities-Coupon 9128274N9 2896 US.Gocremnrent Trees.Note 05/13/1999 1,000,000.00 971,560.00 994,018.09 5250 AAA 5.431 1,353 08/152003 9128273C4 2897 U.S.Govemment Trees.Note OW17/1999 1,000,000.00 999,370.00 1.012.853.20 SAW AAA 6.464 973 07/312002 912827Z39 2783 UNITED STATES TREASURY 03/17/1997 1,000,000.00 1,008,120.00 999.877.34 6.500 AAA 6M7 639 08/312001 912827V66 2819 UNITED STATES TREASURY 12/10(1997 1,000,000.00 999.220.00 999,256.48 S.750 AAA S.837 335 10/312000 US9128273444 2854 UNITED STATES TREASURY 07/31/1998 1,000,000.00 999,840.00 999,826.39 5.375 AAA 5.485 61 01/3120W 9128274IG 2875 UNITED STATES TREASURY 02rM1998 11000,000.00 977,340.00 1,008,482.34 SZ15 AAA 5.106 1.307 0613042003 Subtotal and Average t,481,140Jt1 6,000,000.00 505AN-00 5,014,t I&U &W 779 Medium Term Notes 02687CAK4 2839 American kd1 Group QW) 03/30/1998 1,000,000.00 999,190.00 1,000,129.43 5.750 Aaa 5.716 117 03272000 046003ELO 2830 Associded Corp. 0129/1998 1,000,000.00 998,400.00 1,000,933.74 6.000 AA3 SAM 197 06/152000 046003JPS 2857 Associated Corp. 11/08/1998 1,000,000.00 978,410.00 1,005,438.30 5.875 AA3 5.640 957 07/152002 OS943FAES 2809 Banc One Corp. 10/14/1997 1,000.000.00 998,130.00 1,001,275.80 62M AA- 6.060 275 091012000 0601PAA1 2872 Bank United 02/17/1999 1,000,000.00 946,730A0 989.211.30 SAW Am 5.700 1,524 02M 2004 2840 General Electric Capital Corp 04103/1998 1,000.000.00 999,900.00 1,000,134.44 5.840 Am 5.799 120 03/3Qr2M 2841 General Electric Capital Carp 041=1998 1,000,000.00 994,020A0 1,000,149.46 5.920 Am SAM 489 0410312WI 36962GUD4 2912 General Electric Cq*d Corp 09/17/1999 1,000,000.00 997,400.00 1.000,000.00 6.3M Am 6.330 656 09/172001 36MF1161 2924 General ElecMc Capital Corp 10/12/1999 1,000,000.00 1,004,200.00 1.003.633.58 7.020 Asa 6.087 146 04252000 61687YBU0 2808 JP Morgan 10/02/1997 1,000,000.00 996,460.00 999,849.50 6.125 AA 6.145 30S 101022000 560135CA7 2851 McDonakre 06/30/1998 1,000,000.00 985,830.00 1,001,113.09 6.000 AA2 5.950 935 06232002 84534ECS4 2827 Southwestern Bell 01/12/1998 1,000,000.00 969,800.00 996,793.48 5.730 AA3 SAW 1.055 10/212002 Portfolio CITY AP Run Dare:01105I2000-I Z35 PM(PRF PM2)SyrnRq*V5.01r City of HB Portfolio Management Page 4 Portfolio Details -Investments November 30, 1999 Average Purchase Stated YTIM Days to purity CUSIP Investment 4 Issuer Balance Date Par Value Market Value Book Value Rate Moodys 366 Maturity Date Medium Term Notes 892332AF4 2858 Toyota Motor Credit 11/09/19" 500,000.00 4911520.W 502=26 5.500 AA1 5222 656 09/172001 892332AF4 28M Toyota Motor Credit 11/25H998 325,000.W 319,488.00 326.954.32 5.5W Am 5.318 656 09/172001 894190AK3 2838 Citigroup 03/27/1998 1,000,000.W 999,270.00 1,001,745.51 6.125 Aa3 5.770 197 06/15/2000 Subtotal and Average 13,829,312.99 13,835AW.00 .13,678,748.00 13XM624M 5.887 5" Bankers Acceptances,Amortizing PP1W71F6 2918 First Union National 09/29/1999 1,016,883.65 1,001,031A8 1,0M,166.58 6.420 AIN 5.830 96 03/06/2000 Subtotal and Average 999,949.71 1,(16,8" 1,001'031.08 1,00$188.68 GAN 99 Conmwdal Paper Disc.,Amortizing 61745A884 2916 Mwgen Sterdey Dean Witter 09/29/1999 1,000,000.00 988,280.W 988, W.00 5.730 A1P1 5.937 72 02/11r= 61745AAU3 2917 Morgan Stanley Dean Witter 0929/1999 1,000,000.00 990,510.W 990,738.11 6.750 AIN 5.945 58 01/28/2000 Subtotal and Average 1,974,652.22 2,000,000.00 1,978,790.00 1,979,276.11 5.941 66 Federal Agency Disc.,Amortizing 313384WZS 2902 Federal Home Loan Bank 0528/1999 1,000,000.00 975,070.W 976,809.44 4.940 AAA 520 169 05/182000 313384G86 2914 Federal Home Loan Bank 10AW1999 1,000,000.00 954,530.W 955.353.33 5.430 AAA 5.835 296 09222000 313396YLI 2908 Federal Herne Loan Mort Corp OBW1999 1,000,000.00 969AW.00 970,136.67 5.270 AAA 5.658 204 0022rI 00 31358BG41 2913 Fed.Nall Mort.Assoc. 09rM1999 1,000,000.W 954,5W.00 955,956.67 5.430 AAA 5.834 292 09/182000 Subtotal and Average 3,848,M.59 41000,1100.00 3,853,950.00 3,=25611 SAM 240 Total Investments and Average 89A551049.38 94,204,366.13 93AMS74AI 94,004,MTII 8 t368 530 Portfolio CITY AP Run Date:01/05/2000-1 2.35 PM MW PM2)SWAso V5.01f City of HB Portfolio Management Page 5 Portfolio Details-Cash November 30, 1999 Average Purchase litated YTM Days to CUSIP Investment Al Issua Balance Date Par Value Market Value Book Value Rate MOWS 365 Maturity Accrued hderest at Purchase 28,784.62 28.784.62 Subtalal 28,784.62 28,784.62 Total Cash and hweatments 88r4651048.36 Y4,204AW13 93,12TAW.63 94,033,063.33 5.686 630 Portfolio CITY AP Run Date:01/05/2000-1255 PM(PRF PM2)SyrnRept V5.01f City of HB Portfolio Management Page 6 Investment Activity By Type November 1, 1999 through November 30, 1999 Stated Transaction Purchases Sales/Maturttks CUSIP Investment N Issuer Rate Date or Deposits or Withdrawals Bahuxe Repurchase Agreements 00-117 Union Bank 4.653 11A7/1999 0.00 1,951,000.00 00-118 Union Bank 4.663 11/01/1999 937,000.00 0.00 00-118 11/02/1999 0.00 937,000.00 00-119 Union Bank 4" 11A 1999 1,008,000.00 0.00 00-119 11A3/1999 0.00 1,008,000.00 00-120 Union Bank 4" /1A IS99 1,364,000.00 0.00 00-120 11A I999 0.00 1AS4,000.00 00-121 Union Bank 4.600 11A4/1999 1,477,000.00 0.00 00-121 11/05/1999 0.00 1,477,000.00 00-122 Union Bank 4.598 11A8/1999 741,000.00 0.00 OD-122 11A9/1999 0.00 741,000.00 00-123 Union Bank 4.538 11A9/1999 348,000.00 0.00 00-123 11/10/1999 0.00 348,OW.W OD-124 Union Bank 4.600 11/10/1999 1,151,000.00 0.00 OD-124 11/12/1999 0.00 1,151,000.00 00-125 Union Bank 4.683 11/12/1999 1,127,000.00 0.00 00-125 11/15/1999 0.00 1,127,000.00 00.126 Union Bank 5.100 11/15/1999 1,799,000.00 0.00 00-126 11/16/1999 0.00 1,799,000.00 00-127 Union Bank 4.788 11/16/1999 1,798,000.00 0.00 00-127 1IM711999 0.00 1,798,000.00 OD-128 Union Bank 4.788 11/17/1999 3,254,000.00 0.00 OD-128 11/18/1999 0.00 3,254,000.00 00-129 Union Bank 4.760 11/18/1999 1,639,000.00 0.00 OD-129 11/19/1999 0.00 1.639,000.00 00-130 Union Bank 4125 11/19/1999 520,000.00 0.00 OD-130 1122/1999 0.00 520,000.00 00-131 Union Bank 4.850 1122/1999 719,00D.00 0.00 00-131 1123/1999 0.00 719AW.00 00-132 Union Bank 4.850 1123/1999 481,000.00 0.00 M132 1124/1999 0.00 481,000.00 M133 Union Bank 5.038 11/24/1999 288,000.00 0.00 00-133 1126/1999 0.00 288.000.00 Subtotal 18,661.000.00 20,t10$000.00 0.00 Portfofo CITY AP Run Date.0110SUM-1235 PM(PRF PM3)SyrrP.W V5.01f City of HB Portfolio Management Page 7 Investment Activity By Type November 1, 1999 through November 30, 1999 stated Transaction Purchases SalewMaturltles CUSIP Investment 0 Issuer Rate Date or Deposits or WVMWrawals Balance Federal Agency Issues-Coupon 31364FATS 2926 Fed.WI Mod.Assoc. 6.140 IMM1999 1,176,468.75 0.00 Subtotal 1,176AN.75 0.00 44,219,149.38 Local Agency Investment Funds (Monthly Summary) 2206 LAIFatedevelopnwnd Agency 5.484 7,000,000.00 3,000,000.00 Subtotal 7,0001000AO 3,000,000.00 23,062A92A8 Treasury Securities-Coupon 912827ZOS 2843 UNITED STATES TREASURY 6.875 11/15/1999 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 6,014,31324 Medium Term Notes Subtotal 18,828,624.21 Bankers Acceptances,Amortizing Subtotal 1,002,166.66 Commercial Paper Disc..Amortizhrg Subtotal 1,f79,27611 Federal Agency Disc.,Amortizing Subtotal 3A58,256.11 Total 26,8VAN.75 24,602,000.00 94,004,2M71 Podfdio CITY AP Run Date:01/05rAW-I Z35 PM(PRF PM3)SymRaO V5.01f City of HB Portfolio Management Page 8 Investment Activity Summary November 1998 through November 1999 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Securities of Securities Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Matured I Sold Tenn Days to Maturity November 1998 52 76,490,400.76 5.689 5.768 5.492 21 20 763 552 Decerrrber 1998 54 81,367,090.50 5.639 5.718 5.374 20 16 702 491 January 1999 54 87,055,940.91 5.534 5.611 5.255 19 18 704 478 February 1999 53 85,056,577.81 5.515 5.592 5.210 21 20 730 500 March 1999 57 84,419,286.15 5.477 5.553 5.138 30 26 764 541 April 1999 60 89,880,077.24 5.407 5.482 5.119 24 21 710 491 May 1999 69 98,661,457.19 5.383 5.457 5.086 31 21 736 533 June 1999 73 98,970,832.49 5.409 5.484 5.095 30 28 741 540 July 1999 72 99,349,486.96 5.445 5.520 5.178 19 20 792 575 August 1999 66 94,592,715.08 5.457 5.533 5.225 22 28 767 541 September 1999 65 93,662,219.54 5.570 5.647 5.256 23 24 942 656 October 1999 71 90,979,855.32 5.574 5.651 5.391 25 19 802 562 November 1999 70 89,455,049.36 5.608 5.686 5.484 17 18 780 530 Average 63 89,879,856A2 U16% 5.593% 5.265 23 21 7" 638 Portfolio CITY AP Run Date:01I05r2000-1235 PM UW PM4)S"Rept V5.01t City of HB Portfolio Management Page 9 Distribution of Investments By Type November 1998 through November 1999 November December January February March Apol May June July August September October November Average Investment Type 1998 19M 1999 1999 1999 19" 19" 1999 1999 19" 1999 1999 1999 by Period Repurchase Agreements 4.0 2.1 3.1 1.3 1.2 4.4 2.1 1.0 1.1 2.5 3.5 2.1 2.2% Certificates of Deposit Commercial Paper.Interest Bearing Federal Agency issues-Coupon 42.9 38.7 38.9 35.6 36.3 34.3 37.5 37.4 39.3 38.2 45.5 46.9 47.1 39.9% Local Agency Investavent Funds 30.9 31.6 32.7 33.5 32.4 31.6 29.4 28.6 24.9 29.9 15.2 20.8 24.6 28.7 Treasury Securities-Coupon 5.0 4.6 4.6 6.0 5.9 5.4 7.1 6.9 7.4 7.4 9.1 7:7 6.4 6.4- Variable CD's Negotiable CO's Certificates of Deposit-Bank Meditan Term Notes 16.0 14.9 14.9 16.5 16.2 14.8 14.0 13.6 14.7 14.6 19.2 15.1 14.7 15.3% Mortgage Backed Securities Bankers Acceptances-Amortizing 1.2 4.7 2.3 1.0 1.1 1.1 1.3 1.1 1.1 1.1% Conrnercial Paper Disc.,Amortizing 2.3 5.8 2.4 5.8 9.5 9.0 8.8 8.5 3.2 2.5 2.2 2.1 4.8% Federal Agency Disc.,Amortizing 5.8 1.0 2.8 3.1 3.1 3.7 4.2 4.1 2.1% Treasury Discounts,Anartizing Miscellaneous Discounts-Amortizing I Portfolb CITY AP Run Date:Ot105/=-1235 PM(PRF PMS)Syrnfto V5.01f State of California Pooled Money Investment Account Market Valuation 11/30199 - l�'��4 � 'Descr.'ipfion kAcc uetl Interest PurchYFair�Value ''k Accruetl Interest s United States Treasury: Bills $ 1,729,482,792.20 $ 1,786,385,750.00 NA Notes $ 2,747,413,372.71 $ 2,733,560,750.00 $ 17,471,005.50 Federal Agency: Bonds $ 2,822,322,588.16 $ 2,805,483,130.20 $ 37,977,242.17 Floaters $ 100,000,000.00 $ 100,000,000.00 $ 398,167.00 MBS $ 453,125,920.61 $ 434,699,373.31 $ 2,449,357.08 GNMA $ 1,521,615.44 $ 1,698,356.66 $ 14,986.07 SBA $ 258,079,727.77 $ 257,586,419.06 $ 2,284,843.05 FHLMC PC $ 14,877,726.03 $ 15,716,213.40 $ 238,836.67 Discount Notes $ 3,282,551,539.16 $ 3,362,440,664.48 NA Bankers Acceptances $ - $ - NA Corporate: Bonds $ 973,336,009.66 $ 964,704,611.00 $ 13,339,249.61 Floaters $ 1,335,355,590.39 $ 1,339,293,994.00 $ 8,746,734.69 CDs $ 5,049,161,056.30 $ 5,039,282,221.92 $ 82,838,518.88 Bank Notes $ 1,567,982,384.80 $ 1,565,212,458.14 $ 34,315,023.62 Repurchase Agreements $ - $ - NA Time Deposits $ 2,656,990,000.00 $ 2,656,990,000.00 NA AB 55.& GF Loans $ 2,212,616,572.18 $ 2,212,616,572.18 NA Commercial Paper $ 6,450,256,604.98 $ 6,499,291,930.48 NA Reverse Repurchase $ (841,705,944.64) $ (841,705,944.64) $ (6,752,564.97) - TOTAL $ 30,813,367,555.75 $ 30,933,256,500.19 $ 193,321,399.37 Fair Value Including Accrued Interest $ 31,126,577,899.56 Repurchase Agreements,Time-Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Treasurer's Report - Shari L. Freidenrich, CPA, CCMT TREASURER' S 1 G -i f p Shari L . Freidenrich , CPA, CCMT January 18, 2000 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT November 99 Investment SummaryFinancial Information: 1 October November lnc(Dec) End of month City Portfolio Balance ^� $91 ,747,850 1 $94,004,279. _ $2,256,429 _ Average Maturity ( in days) 1 _ 562 _ _ 530 End of Month Market Value � $90,923,085 $93,098,674_� $21175,589_� YTD Average Daily Balance 1 $89,024,587 90 229,951. $1 ,205,364 ! _ Comparison to Budget: Budget —Actual I Inc(Dec) I_ Interest Earned for Month $300_0_00 $4211432 $121 ,432 Interest Earned Year to Date $600 000 I _-$850 571�_ $250 57-1 Earned Interest Yield Year to Date 5.50% 5.64% ; 0.14% Summary by Individual Investment: _ Days Int. _ November % of Total Policy Limit to Mat i Rate Federal Agy Issues - Coupon $44,239,149 47% None _� 823 5{ 73% Local Agency Inv. Fund LAIF { $23,082,493 25% ! °_ g y ( ) � ° I $40 Million 1 � 5.48°/0 Medium Term Notes $13,828,624 ( 15 /o - ,T 20 /0 543 ; 5.87 /o Commercial Paper $1 ,979,276 ; 2% 15% _ 65 — 1 5.94%� p -� Treasury Securities 0 4,314 6% �� None _ 779 WA'Ab Banker's Acceptances _ $1 ,002,167 1% 25% L _96 5.63% Federal Agy Issues -Amort. I $3,858,256T 4% I None 240 5.65%1 Total { $94,004,279 1 100% 1 — I ' �� l�'tidehrieh -Treasurez CITY OF HUNTINGTON BEA 99 MEETING DATE: December 20, 1999 DEPARTMENT ID NUMBER: CT 99-18 Council/Agency Meeting Held: /z 20 9 9 4/D.-to Def rred/Continued to: ! prove ondition I Appr ed 0 Denied �O�l It Clerk's Signature Council Meeting Date: December 20, 1999 Department ID Number: CT 99-18 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS s, c SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer c� -r n PREPARED BY: SHARI L. FREIDENRICH, City Treasu `; ��,; -� —0 -� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S OCTOBER, 19�9 r''c' �'` INVESTMENT SUMMARY REPORT C-'-77 Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental StMus, Attachment(s) Statement of Issue: Review and accept the monthly investment report for October, 1999 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, 1999, 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 1 Monthly Investment Report and Summary of Investments for October, 1999 RCAINVSM18.DOC -2- December 8, 1999 9:12 AM Monthly Investment Report and Summary Of Investments for October 1999 Attachment 1 City of Huntington Beach Summary of Investment Portfolio Activity for October, 1999 Financial Information: Increase September October (Decrease) End of month City Portfolio Balance $76,144,703 $91,747,850 $15,603,147 Accrued Interest at Purchase $4,821 $19,978 $15,157 Interest Eamed for Month $426,685 $431,278 $4,593 Eamed Interest Yield Average 5.60% 5.58% -0.02% Average Maturity ( in days) 665 562 -103 End of Month Market Value $75,439,756 $90,923,085 $15,483,329 End of month bank cash balance $3,299,298 $3,352,849 $53,551 Comparison to Budget: Increase Budget Actual (Decrease) Interest Eamed for Month $300,000 $431,278 $131,278 Interest Eamed Year to Date $300,000 $431,278 $131,278 Eamed Interest Yield Year to Date 5.50% 5.58% 0.08% Transaction Summary: Increase September October (Decrease) Number of Securities Purchased 23 25 2 Number of Securities Matured/Sold 24 19 -5 Summary by Individual Investment: Days Int. October % of Total Policy Limit to Mat. Rate Repurchase Agreements $1,951,000 2% None 1 4.73% Federal Agy Issues - Coupon $43,061,643 47% None 868 5.73% Local Agency Inv. Fund (LAIF) $19,082,492 21% $40 million 1 5.39% Medium Term Notes $13,830,049 15% 20% 573 5.87% Treasury Securities - Coupon $7,014,684 8% None 695 5.64% Commercial Paper- Disc. $1,969,709 2% 15% 95 5.94% Bankers Acceptances $997,574 1% 25% 126 5.63% Federal Agy Issues -Amort. $3,840,698 4% None 270 5.65% $91,747,850 100% City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary Fef 3 October 31, 1999 Investments Par Market Book %of Days to YTM YTM Value Value Value Portfolio Term Maturity 360 Equiv. 366 Equiv. Repurchase Agreements 1,951,000.00 1.951.000.00 1,951,000.00 2.13 3 0 4.663 4.727 Federal Agency Issues-Coupon 43,105,000.00 42.417.741.15 43,061.64322 46.93 1,141 868 5.649 5.727 Local Agency Investment Funds 19,082,492.48 19,082,492.48 19,082,492.48 20.80 1 1 5.317 5.391 Treasury Securities-Coupon 7,000,000.00 6,974,360.00 7,014,684.16 7.65 1,159 695 5.566 5.643 Medium Term Notes 13,825,000.00 13,694.82225 13,830,04924 15.07 1.049 573 5.787 5.867 Bankers Acceptances-Amortizing 1,016,863.65 996.078.96 997.573.75 1.09 159 126 5553 5.630 Commercial Paper Disc.-Amortizing 2,000,000.00 1,968,720.00 1,969,709.44 2.15 128 95 5.860 5.941 Federal Agency Disc.-Amortizing 4,000,000.00 3,837,870.00 3,840,697.78 4.19 356 270 5.574 5.652 Investments 91,980,366.13 90,923,084.84 91,747,860.07 100.00% 802 562 6.574 5.661 Cash and Accrued Interest Passbook/Checking 0.00 0.00 0.00 0 0 0.000 0.000 (rat Included In yield calculations) Accrued interest at Purchase 19,978.34 19,978.34 Subtotal 19.978.34 19,978.34 Total Cash and Investments 91,980,356.13 90JM,063.18 91,767,828A1 802 662 5.574 5.661 Total Earnings October 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 431,277.84 431,277.84 Current Budget 300,000.00 300,000.00 3,600,000.00 Last Year Actual 340,029.00 340,029.00 4,513,758.00 Average Daily Balance 90,979,855.32 89,024,687.95 Effective Rate of Return 5.58% $,5a 71- 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.21, 1998. 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 ne)d sb(months obligations. Market Values provided by Union Bank via Me II Lynch and J.J.Kenney pricing services. 12-7-99 NA41 L.F ID NRICH,CITY TREASURER Portfolio CITY AP Run Date:12W11 M-10:02 PM(PRF PM1)Symitept V5.01f City of HB Portfolio Management Page 2 Portfolio Details -Investments October 31, 1999 Average Purchase Stated YTM Days to purity CUSIP Investment 0 Issuer Balance Date Par Value Market Value Book Value Rate Moodys 366 Maturity Date Repurchase Agre setae 00-117 Union Bank 1029/1999 1.951,000.00 1,951,000.00 1,951,000.00 4.663 4.727 0 11/01/1999 Subtotal and Average IAW,774.19 1,951,000.00 1,951,000.00 1,961,000.00 4.727 0 Federal Agency Issues-Coupon DD1143609 2813 Federal Fans Credit Bank 1120/1997 1,000,W0.00 998,550.W 1,000.109.66 5.910 AAA 5.898 385 11/20/2000 31331HWT0 2892 Federal Farm Credit Bank 05/03f1999 1,000.000.00 975,470.W 999.248.61 5.250 AAA 5283 912 05/012002 EX1345478 2895 Federal Farm Credit Bank 0528✓1999 1,000,000.00 991,630.00 1,000,000.00 5.260 AAA 5260 394 11292000 31331HZF7 2907 Federal Farts Credit Bank 07/01/1999 1,000,000.00 994,370.00 998.849.68 5.875 AAA 5.949 609 07/02/2001 2820 Federal Home loan Bank 12/30/1997 1,000,000.00 986,870.00 1,000.000.00 6.200 AAA 6200 1,155 121d0/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 987,030.00 1,000,000.W 6215 AAA 6215 1,163 01/072003 EC1010007 2871 Federal Hoare Loan Bank 03/05/1999 1,000,000.00 974,060.00 1,000,000.00 5.390 AAA 5.390 1.039 09/062002 3133M5QB9 2874 Federal Home Loan Bank 0222/1999 1,000,000.00 956,250.00 991.314.62 5.125 AAA 5.380 1.414 09/152003 3133M7VS2 2876 Federal Home Loan Bank 03/15/1999 1,000,000.00 985,000.W 1,000,000.00 5.330 AAA 5.330 683 09/142001 3133WBC3 2881 Federal Hoare Loan Bank 03/31/1999 1,000,000.W 987,810.W 1,003,79021 5500 AAA 5261 651 08/132001 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 971.250.00 1.002,638.74 5.630 AAA 5.546 1.401 09/022003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1.078,071.15 1.110,05821 6.690 AAA 5.640 1,326 06/192003 3133WLR3 2889 Federal Home Loan Bank 05/10/1999 1,000,000.00 959.690.00 1,000,000.W 5.625 AAA 5.625 1.652 05/102004 EC1365492 2898 Federal Home Loan Bank 06/07/1999 1,000,000.00 971,410.00 1.000.000.00 6.000 AAA 6.000 1,680 06/07/2004 EC1444214 2903 Federal Home Loan Bank 062811999 1,000.000.00 988.280.00 1.000,000.00 6.025 AAA 6.025 970 06/282002 3133M9CK6 2906 Federal Home Loan Bank 07/19/1999 1,000.000.00 992,660.00 1,000,000.00 6250 AAA 6250 991 07/192002 3133tvSM 2920 Federal Home Loan Bank 10I04/1999 2.000,000.00 1,995,620.00 1,999,626.81 5.750 AAA 5.770 332 092820W EC125SWI 2886 Federal Home Loan Mort Corp 0428/1999 1.000,000.00 996,250.00 999.668.44 CM AAA 5.050 179 042820W EC1333136 2894 Federal Home Loan Mort Corp 05/13/1999 1,000,000.00 988,280.00 1,0W.000.00 5.480 AAA 5.480 561 05/152001 31364C4D7 2800 Fed.Nall Mort.Assoc. 08/12/1997 1,000,000.00 995,160.00 996,015.41 6.150 AAA 6.320 1,008 08MM002 3136404P0 2801 Fed.Narl Mort.Assoc. 08/12/1997 1,000,000.00 999.060.00 997,853.78 5.910 AAA 6221 280 08/07/2000 31364FLJB 2818 Fed.Narl Mort.Assoc. 12/26/1997 1.000,000.00 983.120.00 1.000,000.00 6.150 AAA 6.150 1,151 12262002 31364FNB3 2825 Fed.Narl Mort.Assoc. 01/14/1998 1.000,000.00 978,440.00 1,000,000.00 6.010 AAA 6.010 1,170 01/142003 D01152733 2826 Fed.Narl Mort.Assoc. 01/14/1998 1,000,000.00 978,440.00 1,000,000.00 6.010 AAA 6.010 1,170 01/142003 2846 Fed.Narl Mort.Assoc. 0521/1998 1,000,000.00 977,5W.W 1,000,000.00 6.030 AAA 6.030 1291 05/15/2003 31364FX56 28W Fed.Narl Mort.Assoc. 0721/1998 1,000,000.00 973,280.00 998,902.50 6.010 AAA 6.083 1,347 07/1arM EC0581545 2856 Fed.Nail Mort.Assoc. 1029/1998 1,000,000.00 977,030.00 999,79225 5.000 AAA 5.011 728 10/292001 31364GGH6 2859 Fed.Non Mort.Assoc. 11/13/1998 1,000.000.00 954,220.00 998,991.67 5270 AAA 5299 1.473 11/132003 31364GP59 2868 Fed.Nail Mort.Assoc. 01/13/1999 1,000,000.00 985,160.00 1,000,000.00 5260 AAA 5260 620 07/132001 31364GEEW 2884 Fed.Nat'l Mort.Assoc. 03/31/1999 1,000,000.00 950,760.00 977,632.42 5.120 AAA 5.758 1,463 11/03/2003 31364GZA0 2885 Fed.Narl Mort.Assoc. 0420/1999 1,0001000.W 968,910.00 1,000,000.00 5.910 AAA SAM 1,600 03/192004 31364GM53 2890 Fed.Narl Mort.Assoc. 05/05/1999 1,000,000.00 967,950.00 1,000,000.00 5.780 AAA 5.780 1,647 05/OS12004 Portfolio CITY AP Run Date:11291999-13.12 PM(PRFPM2)SymRept VS.Otf City of HB Portfolio Management Page 3 Portfolio Details -Investments October 31, 1999 Average Purchase Stated YTM Days to Maturity CUSIP Investment 0 Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31364F2M2 2893 Fed.Nan Mort.Assoc. 05/07/1999 2,000,000.00 1,993,440.00 2,005,404.44 6.560 AAA 5.166 266 0724/2000 31364GO93 2905 Fed.Nan Mort.Assoc. 06/11/1999 1,000,000.00 974,370.00 986,758.16 6.000 AAA 6.343 1,659 05/172004 31364FATB 2915 Fed.Narl Mort.Assoc. 10/04/1999 1,000,000.00 11000,780.00 1,003,311.68 6.140 AAA 5.744 322 09/182000 31364G7J2 2919 Fed.Nall Mort.Assoc. 101CW1999 1,000,000.00 997,860.00 999,711.75 5.730 AAA 5.761 326 09222000 31364KAGS 2921 Fed.Nall Mort.Assoc. 10/04/1999 3,000,000.00 2,993,790.00 2.998.890.50 5.760 AAA 5.801 336 10/02/2000 31364KAG5 2922 Fed.Nall Mort.Assoc. 10/04/1999 1,000,000.00 997,930.00 999.727.25 5.760 AAA 5.790 336 10/0=1300 31364GAE9 2923 Fed.Nan Mort.Assoc. 10/W1999 1,000,000.00 992,190.00 993,346.43 5.100 AAA 5.869 329 09252000 Subtotal and Average 4$610,330.55 43,105,000.00 42,417,741.15 43,061,643.22 6.727 66e Local Agency Investment Funds 982 Leif City 4,335,907.95 4,336.907.95 4.335,907.95 5.391 NR 5.391 1 2206 LAIF-Redeve"wxnd Agency 14,746,584.53 14,746,584.53 14,746,584.53 5.391 NR 5.391 1 Subtotal and Average 19,724,20TA9 19,082A92AS 19,082A92A8 19,082,492.4E 6.391 1 Treasury Securities-Coupon 9128274N9 2896 US.Government Tress.Note 05/13/1999 1,000,000.00 976,250.00 993,885.45 5250 AAA 5.431 1,383 08/152003 9128273C4 2897 U.S.Government Tress.Note 05/17/1999 1,000.000.00 1,003,280.00 1.013,249.49 6.000 AAA 5.464 1,003 07/312002 912827Z39 2783 UNITED STATES TREASURY 03/17/1997 1,000.000.00 1,011AM.00 999,871.58 6.500 AAA 6.507 669 08/312001 912827V66 2819 UNITED STATES TREASURY 12/10/1997 1,000,000.00 1,001,090.00 999,189.90 5.750 AAA 5.837 365 10/312000 912827Z96 2843 UNITED STATES TREASURY 0429/1998 1,000,000.00 11000,310.00 1,000.069.69 5.875 AAA 5.680 14 11/15/1999 US9128273444 2854 UNITED STATES TREASURY 07131/1998 1,000.000.00 1,000,310.00 999,741.01 5.375 AAA 5.485 91 011312000 9128274K5 2875 UNITED STATES TREASURY 02/22/1999 1.000,000.00 981,560.00 1.008,677.04 5.375 AAA 5.105 1,337 06I30/2003 Subtotal and Average 7,014,909.14 7,000,000.00 6,974,360.00 7.014,684.16 5.643 $96 Medium Term Notes 026870AK4 2839 Anon Intl Group(AIG) 03/30✓1998 1,000.000.00 999,250.00 1,000,162.90 5.750 Aaa 5.716 147 03272000 046003EL9 2830 Associated Corp. 0129/1998 1,000,000.00 999,620.00 1,001,078.13 6.000 AA3 5.808 227 06✓152000 046003JP5 2857 Associated Corp. 11/06/1998 1,000,000.00 981,960.0o 1,005,611.13 5.875 AA3 5.640 987 07/152002 05943FAE5 2809 Banc One Corp. 10/14/1997 1,000,000.00 998,690.00 1,001.417.55 6250 AA- 6.060 305 091012000 06651PAA1 2872 Bank United 02/17/1999 1,000,000.00 947,610.00 988,995.67 5.400 Aaa 5.700 1.554 02IO2/2004 2840 General Electric Capital Corp 04/03/1998 1.000,000.00 1,000,220.00 1.000,168.33 5.840 Aaa 5.799 150 03/3020W 2841 General Electric Capital Corp 04/06/1998 1,000,000.00 994,960.00 1,000,158.76 5.920 Aaa 5.909 519 04/032001 36962GUD4 2912 General Electric Capital Corp 09/17/1999 1,000,000.00 998,920.00 1,000,000.00 6.330 Aaa 6.330 686 09/172001 36962FU61 2924 General Electric Capital Corp 10/12/1999 1,000,000.00 1,005,430.00 1,004,390.57 7.020 Aaa 6.087 176 04252000 61687YBUO 2808 JP Morgan 10/02/1997 1.000,000.00 996,800.00 999AM.50 6.125 AA 6.145 336 10/02/2000 580135CA7 2851 McDor"s OSM1998 1,000,000.00 986,020.00 1,001,149.31 6.000 AA2 5.950 965 06/23/2002 Portfolio CITY AP Run Date:11l28/1999-13:12 PM"F_PM2)SymReO V5.01f City of HB Portfolio Management Page Portfolio Details-Investments October 31, 1999 Average Purchase Stated YTM Days to maturity CUSIP investment @ Issuer Balance Date Par Value Market Value Book Value Rate Moody's 366 Maturity Dae Medium Term Notes 84534ECS4 2827 SoudwAmAem Bell 01/12/1998 1,000,000.00 972,490.00 996,700.99 5.730 AA3 5.858 1,085 10/21rMW 892332AF4 28M Toyota Motor Credit 11/09/1998 500,000.00 492,365.W 502,367.32 5.500 AA1 5222 686 09/172001 892332AF4 28W Toyota Motor Credit 1125/1998 325,000.00 320,03725 325,998.64 5.5W AA1 5.318 686 09/17/2001 894190AK3 2838 Citigroup 0327/1998 1,000,000.00 1,000,450.00 1.002.015.44 6.125 Aa3 5.770 227 06/152000 Subtotal and Average 13,474,10423 13,825,000.00 13,694,822.26 13,830,049.24 5.897 Sn Bankers Acceptances-Amortizing PPI0071F6 2918 First Union National 0929/1999 1,016,863.65 996,078.96 997,573.75 5.420 A1P1 5.630 126 03/062000 Subtotal and Average 996,M.33 1,016,863.66 996,078.96 997,673.76 5.630 126 Comrnercial Paper Disc.-Ammrtizing 61745ASB4 2916 Morgan Stanley Dean Witter 0929/1999 1,000,000.00 983,340.W 983,765.00 6.730 A1P1 5.937 102 02/112000 61745AAU3 2917 Morgan Stanley Dean Witter 09/29/1999 1,000,000.00 985,380.00 985.944.44 5.750 A1P1 5.945 88 01282000 Subtotal and Average 1,964,926.11 2,000,000.00 1,968,720.00 1,969,709A4 6.941 96 Federal Agency Disc.,Amortizing 313384WZ8 2902 Federal Home Loan Bank 0528/1999 1,000,000.00 970.650.00 972,692.78 4.940 AAA 5289 199 05/182000 3133841386 2914 Federal Home Loan Bank 10/04/1999 1,000,000.00 950,600.00 950,828.33 5.430 AAA 5.836 326 09/22/2000 31339SYLI 2908 Federal Home Loan Mort Corp 06r30/1999 1,000,000.00 965,420.00 966,745.00 5270 AAA 6.658 234 06/222000 31358SG41 2913 Fed.Nall Mort.Assoc. 09/29/1999 1,000,000.00 951.200.00 951,431.67 5.430 AAA 5.834 322 09/182000 Subtotal and Average 3,740,326.28 4,000,000.00 3,837,870.00 3,840,697.78 6.652 270 Total Investments and Average 90,979,865.32 91,980,368.13 90JM,084.64 91,747,860.07 5.661 662 Portbilo CITY AP Run Date:112M NO-13:12 PM(PRF PM2)SymRept V5.011 City of HB Portfolio Management Page a Portfolio Details -Cash October 31, 1999 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Accrued Interest at Purchase 19,978.34 19.978.34 Subtotal 19,978.34 19,978.34 Total Cash and Investments 90,979,865.32 91,980,356.13 90,943,063.18 91,767,828A1 6.651 662 PortfoUo CITY AP Run Date:11MM999-13:12 PM(PRF PM2)SymRept VS.Otf City of HB Portfolio Management Page6 Investment Activity By Type October 1, 1999 through October 31, 1999 Stated Transaction Purchases SalesNaturtiles CUSIP Investment 0 Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 00-101 Union Bank 4.788 10/01/1999 6,192,000.00 0.00 00.101 10/04/1999 0.00 5,192,000.00 00-102 Union Bank 4.600 10/04/1999 1,431.000.00 0.00 00-102 10/O611999 0.00 1.431,000.00 00-103 Union Bank 4.600 10107/1999 190,000.00 0.00 00-103 10I08/1999 0.00 190.000.00 00-104 Union Bank 4.475 10/08/1999 660,000.00 0.00 00-104 1a12/1999 0.00 660.000.00 00-105 Union Bank 4.600 10/12/1999 785,000.00 0.00 00-105 10/13/1999 0.00 785.000.00 00-106 Union Bank 4.538 10/13/1999 975,000.00 0.00 00-106 MINIM 0.00 975,000.00 00-107 Union Bank 4.538 10/14/1999 1,616,000.00 0.00 00-107 10/15/1999 0.00 1,616.000.00 00-108 Union Bank 4.600 10/15/1999 2.225,000.00 0.00 00-108 10/18/1999 0.00 2,225.000.00 00-109 Union Bank 4.600 10/18/1999 1,189,000.00 0.00 00-109 10/19/1999 0.00 1,189,000.00 00-110 Union Bank 4.475 10/19/1999 671,000.00 0.00 00-110 10120/1999 0.00 671,000.00 00-111 Union Bank 4.413 1020/1999 972,000.00 0.00 00-111 1(1121/1999 0.00 972,000.00 00-112 Union Bank 4A75 10/21/1999 1,210,000.00 0.00 00-112 1022/1999 0.00 1.210,000.00 00-113 Union Bank 4A75 102211999 972,000.00 0.00 00-113 1025/1999 0.00 972,000.00 00-114 Union Bank 4.636 1025/1999 273,000.00 0.00 00-114 1026✓1999 0.00 273,000.00 00-115 Union Bank 4.538 10/2611999 156,000.00 0.00 00-115 1027/1999 0.00 156.000.00 00-116 Union Bank 4.726 1028/1999 2,001,000.00 0.00 00-116 1029/1999 0.00 2,001,000.00 00-117 Union Bank 4.663 1029/1999 1,951,000.00 0.00 99-M Union Bank 4.913 10101/1999 0.00 2,690,000.00 Subtotal 22AN,000.00 23,208,000.00 11961,000.00 Poftfolk)CITY AP Run Date:IWOM999-13:12 PM(PRF PM3)SymRaO V5.01f City of HB Portfolio Management Page Investment Activity By Type October 1, 1999 through October 31, 1999 Stated Transaction Purchases Sales/Maturities CUSIP Investment rr Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency issues-Coupon 3133MIV09 2806 Federal Home Loan Bank 6.230 10/15/1999 0.00 1,000,000.00 3133M9ZR6 2920 Federal Home Loan Bank 5.750 10/04/1999 1,999,596.00 0.00 31364FATS 2915 Fed.Nall Mort.Assoc. 6.140 10IO4/1999 1,003,593.75 0.00 31364G7J2 2919 Fed.Narl Mort.Assoc. 5.730 10/04/1999 999,687.50 0.00 31364KAG5 2921 Fed.Narl Mort.Assoc. 5.760 10/04/1999 2,998,800.00 0.00 31364KAGS 2922 Fed.Narl Mort.Assoc. 5.760 10/04/1999 999.705.00 0.00 31364GAE9 2923 Fed.Narl Mort.Assoc. 5.100 10/Ow1999 992,812.50 0.00 Subtotal 8,994,194.75 1,000,000.00 43,061,643.22 Local Agency Investment Funds (Monthly Summary) 982 Lair city 5.391 75.724.91 0.00 2206 LAW-Redevelopm ud Agency 5.391 14,289,049.00 7,000,000.00 Subtotal 14,364,773.91 7,000,000.00 19,082,492AS Treasury Securities-Coupon Subtotal 7,014,684.18 Medium Term Notes 36962PU61 2924 General Electric CWU Corp 7.020 10/12/1999 1,004,870.00 0.00 66938FIAN 2805 Nownst Financial,Inc. 6.375 10/01/1999 0.w 2,000,000.00 Subtotal 1,004,870.00 2,000,000.00 13,830,049.24 Bankers Acceptances 4Vmdizing Subtotal 997XM75 Conwrwmial Paper Disc.,Amortizing Subtotal 1,969,709A4 Federal Agency Disc.,AnartWng 313384G86 2914 Federal Hoare Loan Bank 5.430 10/04/1999 946,605.00 0.00 Subtotal 946,606.00 0.00 3,840,697.78 Total 47,719,443.66 83,208,000.00 91,747,860.07 Portfolio CITY AP Run Dale:11r29/1999.13:12 PM(PRF PM3)SymRept V5.01f City of H B Portfolio Management Page 8 Investment Activity Summary October 1998 through October 1999 Yield to Maturity Managed Number Number Month Number of Average 360 a65 Pool of Securities of Securities Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Matured/Sold Term Days to Maturity October 1998 51 78,541,518.18 5.762 5.842 5.557 25 23 800 565 November 1998 52 76,492,332.75 5.689 5.768 5.492 21 20 763 552 December 1998 54 81,367,090.50 5.639 5.718 5.374 20 16 702 491 January 1999 54 87,055,940.91 5.534 5.611 5.265 19 18 704 478 February 1999 53 85,056,577.81 5.515 5.592 5.210 21 20 730 500 March 1999 57 84,419,286.15 5.477 5.553 5.136 30 26 764 541 April 1999 60 89,880,077.24 5.407 5.482 5.119 24 21 710 491 May 1999 69 96,661,487.19 5.383 5.457 5.086 31 21 736 533 June 1999 73 98,970,832.49 5.409 5.484 5.095 30 26 741 540 July 1999 72 99,349,486.96 5.445 5.520 5.178 19 20 792 575 August 1999 66 94,592,715.08 5.457 5.533 5.225 22 28 767 541 September 1999 65 93,662,219.54 5.570 5.647 5.256 23 24 942 656 October 1999 71 90,979,855.32 5.574 5.651 5.391 25 19 802 562 Average 61 89,024.587.95 5.528% 5.605% 5.260 24 22 766 640 Portfolio CITY AP Run DaW:11l M999-13:12 PM(PRF PM4)SymRso V5.01f City of HB Portfolio Management Page 9 Distribution of Investments By Type October 1998 through October 1999 October November December January February March April May June July August September October Average Investment Type 1998 1998 1998 1999 1999 1999 1999 1999 1999 1999 1999 1999 1999 by Period Repurchase Agreements 2.4 4.0 2.1 3.1 1.3 1.2 4.4 2.1 1.0 1.1 2.5 3.5 2.1 2.4% Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 47.9 42.9 38.7 38.9 35.6 36.3 34.3 37.5 37.4 39.3 38.2 45.5 46.9 40.0% Local Agency Investment Funds 28.6 30.9 31.6 32.7 33.5 32.4 31.6 29.4 28.6 24.9 29.9 15.2 20.8 28.5"- Treasury Securities-Coupon 5.3 5.0 4.6 4.6 6.0 5.9 5.4 7.1 6.9 7.4 7.4 9.1 7.7 6 Variable CD's Negotiable CD's Certificates of Deposit-Bank Medium Term Notes 14.5 16.0 14.9 14.9 16.5 16.2 14.8 14.0 13.6 14.7 14.6 19.2 15.1 15.3% Mortgage Backed Securities _ Bankers Acceptances,Amortizing 1.3 1.2 4.7 2.3 1.0 1.1 1.1 1.3 1.1 1.2% Commercial Paper Disc.,Amortizing 2.3 5.8 2.4 5.8 9.5 9.0 8.8 8.5 3.2 2.5 2.2 4.6% Federal Agency Disc.,Amortizing 5.8 1.0 2.8 3.1 3.1 3.7 4.2 1.8% Treasury Discounts,Amortizing Miscellaneous Discounts,Amortizing Portfolio CITY AP Run Def.11r29H999-13.12 PM(PRF PM5)SymRW V5.01f State of California Pooled Money Investment Account Market Valuation 10/31/99 - s�,,, ';c'.,,�ta4'ra^ ....,•, �.'r" f i•� i� -�°� � �-�'� �-�.i ��'"�'*'"� � ��3`=F'�.` c'% � � 3yg' sr�x `.,�` `�Descr�ption �, mAccrued�l terestPurch � ���F�airV-ague -�..�_� ��.,�Accr�.ued Interest United States Treasury: Bills $ 2,017,601,729.87 $ 2,084,921,761.15 NA Notes $ 2,747,815,012.05 $ 2,737,431,500.00 $ . 32,005,255.00 Federal Agency: Bonds $ 2,658,165,641.50 $ 2,641,518,897.70 $ 38,064,597.78 Floaters $ 100,000,000.00 $ 100,000,000.00 $ 1,245,208.00 MBS $ 242,944,817.92 $ 232,340,422.72 $ 1,239,359.99 GNMA $ 1,545,217.72 $ 1,739,285.20 $ 15,221.66 SBA $ 261,403,181.54 $ 260,856,216.71 $ 2,314,101.78 FHLMC PC $ 15,190,053.31 $ 16,048,444.86 $ 243,866.50 Discount Notes $ 3,538,063,839.87 $ 3,620,795,583.80 NA Bankers Acceptances $ - $ - NA Corporate: Bonds $ 968,029,289.66 $ 960,144,621.05 $ 12,157,426.83 - Floaters $ 1,330,030,964.00 $ 1,333,613,557.00 $ 9,415,890.70 CDs $ 5,179,103,390.00 $ 5,168,096,273.96 $ 78,975,063.31 ._ Bank Notes $ 1,892,982,384.80 $ 1,888,461,037.44 $ 40,649,329.18 Repurchase Agreements $ - $ - NA Time Deposits $ 2,575,490,000.00 $ 2,575,490,000.00 NA AB 55 & GF Loans $ 2,603,582,428.28 $ 2,603,582,428.28 NA Commercial Paper $ 6,356,740,142.27 $ 6,394,930,774.15 NA Reverse Repurchase $ (1,137,631,566.67) $ (1,137,631,566.67) $ (7,688,473.43) TOTAL $ 31,351,056,526.12 $ 31,482,339,237.35 $ 208,636,847.30 - Fair Value Including Accrued Interest $ 31,690,976,084.65 Repurchase Agreements, Time Deposits, AB 55 &General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). RCA ROUTING 'SHEET INITIATING CITY TREASURER DEPARTMENT: SUBJECT: Investment Summary Report COUNCIL MEETING DATE: December 20, 1999 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 Attome 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 ILIJ 11 - 14 Assistant City Administrator Initi I City Administrator (initial) Grxv City Clerk EXPLANATION FOR RETURN OF ITEM: SpaceOnly) PYeidernri'ch- r-etsarzA CITY OF HUNTINGTON BEACH a� MEETING DATE: October 18, 1999 DEPARTMENT ID NUMBER: CT 99-13 Council/Agency Meeting Held: 3/�•.ZO :-Aop,qpved frred/Continued to: _ onditionally AP rove ❑ Denied b it Clerk's Signature Council Meeting Date: October 18, 1999 Department ID Number: CT 99-13 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION r SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS _Z: 1> >�i ` SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer PREPARED BY: SHARI L. FREIDENRICH, City Treasur SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S AUGUST, 1999 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, 1999 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, 1999, 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 1 Monthly Investment Report and Summary of Investments for August, 1999 c , RCAINVSM.DOC -2- 10/06/99 8:37 AM Monthly Investment Report and Summary Of Investments for August 1999 Attachment 1 City of Huntington Beach Summary of Investment Portfolio Activity for August, 1999 Financial Information: Increase July August (Decrease) End of month City Portfolio Balance $94,293,386 $93,420,370 ($873,016) Accrued Interest at Purchase $36,646 $14,446 ($22,200) Interest Earned for Month $461,428 $438,687 ($22,741) Earned Interest Yield Average 5.47% 5.47% 0.00% Average Maturity ( in days) 575 546 -29 End of Month Market Value $93,558,159 $92,548,339 ($1,009,820) End of month bank cash balance $3,584,974 $3,604,039 $19,065 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $300,000 $438,687 $138,687 Interest Earned Year to Date $3,300,000 $4,546,069 $1,246,069 Earned Interest Yield Year to Date 5.50% 5.60% 0.10% Transaction Summary: Increase July August (Decrease) Number of Securities Purchased 19 22 3 Number of Securities Matured/Sold 20 28 8 Summary by Individual Investment: Days Int. August % of Total Policy Limit to Mat. Rate Repurchase Agreements $2,383,000 3% None 1 4.98% Federal Agy Issues - Coupon $36,065,927 39% None 1033 5.73% Local Agency Inv. Fund (LAIF) $27,217,719 29% $40 million 1 5.23% Medium Term Notes $13,827,463 15% 20% 567 5.83% Treasury Securities - Coupon $7,015,599 7% None 756 5.64% Commercial Paper- Disc. $2,993,584 3% 15% 15 5.20% Banker's Acceptances $997,156 1% 25% 20 5.25% Federal Agy Issues -Amort. $2,919,922 3% None 186 5.31% $93,420,370 100% City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary August 31, 1999 S Par Market Book %Of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Repurchase Agreements 2,383,000.00 2,353,000.00 2,383,000.00 2.55 1 0 4.913 4.981 F• `AgencyIssues-Coupon 36,105,000.00 35,391,622.50 36,065,927.25 38.61 1,331 1,033 5.649 5.727 Lt. .gency Investment Funds 27,217,718.57 27,217,718.57 27,217,718.57 29.13 1 1 5.153 5.225 Treasury Securities-Coupon 7,000,000.00 6,978,910.00 7,015,599.09 7.51 1,159 756 5.566 5.643 Medium Term Notes 13,825,000.00 13,669,988.00 13,827,463.48 14.80 1,088 567 5.764 SAU Bankers Acceptances-Amortizing 1,000,000.00 997,070.00 997,155.56 1.07 83 20 5.181 5253 Commercial Paper Disc.Amortizing 3,000,000.00 2,993,280.00 2,993,583.81 3.20 111 15 5.128 5.199 Federal Agency Disc.-Amortizing 3,000,000.00 2,916,750.00 2,919,922.50 3.13 266 186 5.235 5.308 Investments 93,530,718.67 92,648,339.07 93A20,370.06 100.00% 775 646 6.460 6.536 Cash and Accrued Interest PassbooldChecking 0.00 0.00 0.00 0 0 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase 14,445.56 14,445.66 Subtotal 14,445.56 14,445.56 Total Cash and Investments 93,630,718.67 92,662,784.63 93,434,816.62 775 546 SA60 6.536 Total Earnings August 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 43B,6B7.04 4,546,068.58 Cu- I Budget 300,000.00 3,300,000.00 3,600,000.00 La Ar Actual 385,925.00 4,134,481.00 4,513,758.00 Average Daily Balance 94,399,166.69 88,410,432.02 Effective Rate of Return 6A7% 6.60% 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.21, 199B. 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. jo- 5-1 ct SHA'kK.FRE EN ICH,CITY TREASURER Portfolio CITY AP Run Date:10/04/1999-16:51 PM(PRF_PM1)SymRept V5.01f City of HB Portfolio Management Page 2 Portfolio Details -Investments August 31, 1999 Average Purchase Stated YTM Days to Mato CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 396 Maturity Date Repurchase Agreements 99-305 Union Bank OS/31/1999 2,383,000.00 2,383,000.00 2,383,000.00 4.913 4.981 0 09/01/1999 Subtotal and Average 1,347,646.16 $38%000.00 2,383,000.00 $383,000.00 4.981 0 Ff 4 Agency Issues-Coupon DL..43M 2813 Federal Farm Credit Bank 11/20/1997 1,000,000.00 998,620.00 1,000.127.03 5.910 AAA 5.898 446 11/20/2000 31331HYVTO 2892 Federal Farm Credit Bank 05/03/1999 1,000,000.00 973,590.00 999,198.52 5.250 AAA 5.283 973 05/01/2002 EX1345478 2895 Federal Farm Credit Bank 05/28/1999 1,000,000.00 990,500.00 1,000,000.00 5.260 AAA 5.260 455 11/29/2000 31331HZF7 2907 Federal Farm Credit Bank 07/01/1999 1,000,000.00 9%.620.00 998,734.84 5.875 AAA 5.949 670 07/02/2001 3133M1VQ9 2806 Federal Home Loan Bank 10/15/1997 1,000,000.00 997,340.00 1,000,000.00 6.230 AAA 6.230 775 10/15/2001 3133M1TC3 2817 Federal Home Loan Bank 12/19/1997 1,000,000.00 1,000,160.00 1,000,045.28 5.860 AAA 5.778 23 09/24/19% 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 987,030.00 1,000,000.00 6.200 AAA 6.200 1,216 12/30/2002 3133N12VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 987,190.00 1,000.000.00 6215 AAA 6215 1,224 01/07/2003 EC1010007 2871 Federal Home Loan Bank 03105/19N 1,000,000.00 971,880.00 1,000,000.00 5.390 AAA 5.390 1,100 OSM512002 313310069 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 951,880.00 990,940.79 5.125 AAA 5.380 1.475 09/15/2003 3133M7VS2 2876 Federal Home Loan Bank 03/15/1999 1,000,000.00 982,810.00 1,000,000.00 5.330 AAA 5.330 744 09/1412001 3133WBC3 2881 Federal Home Loan Bank 03/31/1999 1,000,000.00 988,590.00 1,004,144.44 5.500 AAA 5.261 712 08/13/2001 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 966,090.00 1,002,753.39 5.630 AAA 5.546 1,462 08/02/= 3133M14RE5 2883 Federal Home-Loan Bank 03/31/19W 1,105,000.00 1,074,612.50 1.110,290.24 5.690 AAA 5.540 1,387 06/19/2003 3133WLR3 2889 Federal Home Loan Bank 05/10/190 1,000,000.00 957,340.00 1,000,000.00 5.625 AAA 5.625 1,713 05/10/2004 EC1365492 2898 Federal Home Loan Bank 06/07/1999 1,000,000.00 969,690.00 1,000,000.00 6.000 AAA 6.000 1,741 06/07/2004 EC1444214 2903 Federal Home Loan Bank 06/28/1999 1,000,000.00 988,590.00 1,000,000.00 6.025 AAA 6.025 1,031 06/28/2002 3133NWK6 2906 Federal Home Loan Bank 07/19/1999 1,000,000.00 993,280.00 1,000,000.00 6.250 AAA 6.250 1,052 07/19/2002 EC 161 28W Federal Home Loan Mort Corp 04/28/1999 1,000,000.00 995,000.00 999,556.05 4.980 AAA 5.050 240 04/28/2000 EC. .M 2894 Federal Home Loan Mort Corp 05/13/1999 1,000,000.00 988280.00 1,000,000.00 5.480 AAA 5.480 622 05/15/2001 31364C4D7 2800 Fed.Nat'I Mort.Assoc. 08/12/1997 1,000,000.00 990,160.00 995,774.89 6.150 AAA 6.320 1,069 08/05/2002 31364C4PO 2801 Fed.Nat'l Mort Assoc. W12/1997 1,000,000.00 998,910.00 997,387.21 5.910 AAA 6.221 341 08/07/2000 31364FLJ8 2818 Fed.Nat'I Mort.Assoc. 12/26/1997 1,000,000.00 983,750.00 1,000,000.00 6.150 AAA 6.150 1,212 12/262002 31364FN03 2825 Fed.Nat'l Mort Assoc. 01/14/1998 1,000,000.00 978,590.00 1,000,000.00 6.010 AAA 6.010 1,231 01/14/2003 DD1152733 2826 Fed.Nat'I Mort.Assoc. 01/14/1998 1,000,000.00 978,590.00 1,000,000.00 6.010 AAA 6.010 1,231 01/14/2003 2846 Fed.NaVI Mort.Assoc. 05/21/1998 1,000,000.00 977.340.00 1,000,000.00 6.030 AAA 6.030 1,352 05/15/2003 31364FX55 2853 Fed.Neff Mort.Assoc. 07/21/1998 1,000,000.00 973,440.00 998,638.05 6.010 AAA 6.083 1,408 07/10/2003 ECOW1545 2856 Fed.Nafl Mort.Assoc. 10/29/1998 1,000,000.00 975,620.00 999,774.88 5,000 AAA 5.011 789 10/29/2001 31364GGH6 2859 Fed.Nat'l Mort.Assoc. 11/13/1998 1,000,000.00 952,340.00 998,950.00 5.270 AAA 5.299 1.534 11/13/2003 31364GPB9 2866 Fed.Nat'I Mort.Assoc. 01/13/1999 1,000,000.00 984,530.00 1,000,000.00 5260 AAA 5.260 681 07/13/2001 31364GEEW 28M Fed.Nat'I Mort.Assoc. 03/31/1999 1,000,000.00 944,980.00 976,701.73 5.120 AAA 5.758 1,524 11/03/2003 31364GZAO 2885 Fed.Nat'l Mort.Assoc. 04/20/1999 1,000,000.00 968,120.00 1,000,000.00 5.910 AAA 5.909 1,661 03/19/2004 Portfolio CITY AP Run Date:10/0411999-16:51 PM(PRF PM2)SymRept V5.01f City of HB Portfolio Management Page 3 Portfolio Details -Investments August 31, 1999 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 366 Maturity Date Federal Agency Issues-Coupon 31364GA463 2890 Fed.Nat?Mort Assoc. 05/05/1999 1,000,000.00 961,540.00 1.000,000.00 5.780 AAA 5.790 1,708 05/05/2004 31364F2M2 2893 Fed.Nat'l Mort.Assoc. 05/07/1999 2,000,000.00 1,994,060.00 2,006.637.39 5.560 AAA 5.166 327 07/24/2000 31714GO93 2905 Fed.Natl Mort.Assoc. 06/11/1999 1,000,000.00 971,560.00 986,272.52 6.000 AAA 6.343 1,720 05/17/2004 Subtotal and Average 36,904,396.32 36,105,000.00 36,391,622.50 36,065,927.25 6.727 1,033 Local Agency Investment Funds 982 Laif City 6,760,183.04 5,760,183.04 5,760.183.04 5225 NR 5.225 1 2206 LAIF-Redevelopment Agency 21,457,535.53 21,457,535.53 21,457,535.53 5.225 NR 5.225 1 Subtotal and Average 25,379,008.89 27,217,718.57 27,217,718.67 27,217,718.67 5.225 1 Treasury Securities-Coupon 9128274NS 2896 U.S.Government Treas.Note 05/13/1999 1,000,000.00 976,250.00 993,615.76 5.250 AAA 5.431 1,444 08/15/2003 9128273C4 2897 U.S.Government Treas.Note 05/17/1999 1,000,000.00 1,004,220.00 1,014,055.29 6.000 AAA 5.464 1,064 07/31/2002 912827Z.39 2783 UNITED STATES TREASURY 03/17/1997 1,000,000.00 1,013,750.00 999,859.87 6.500 AAA 6.507 730 08/31/2001 912827V56 2819 UNITED STATES TREASURY 12/10/1997 1,000,000.00 1,001,560.00 999,054.51 5.750 AAA 5.837 426 10/31/2000 912827Z.96 2943 UNITED STATES TREASURY 04/29/1996 1,000,000.00 1,001,410.00 1,000,373.34 5.875 AAA 5.680 75 11/15/1999 US9128273444 2854 UNITED STATES TREASURY 07/31/1998 1,000,000.00 1,000,310.00 999,567.40 5.375 AAA 6.495 152 01/31/2000 9128274K5 2875 UNITED STATES TREASURY 02/22/1999 1,000,000.00 981,410.00 1,009,072.92 5.375 AAA 5.106 1,398 06/30/2003 Subtotal and Average 7,015,824.07 7,000,000.00 6,978,910.00 7,015,699.09 5.643 756 Medium Term Notes 02687OAK4 2839 American Int'I Group(AIG) 03/30J1998 1,000,000.00 998,160.00 1,000,229.85 5.750 Aaa 5.716 208 03/27/2000 04' -L9 28M Associated Corp. 01/29/1998 1,000,000.00 997,930.00 1,001,366.92 6.000 AA3 5.808 288 06/152000 04, PS 2857 Associated Corp. 11/06/1998 1,000,000.00 975,610.00 1,005,956.78 5.875 AA3 5.640 1,048 07/15/2002 05943FAE5 2809 Banc One Corp. 10/14/1997 1,000,000.00 997,420.00 1,001,701.06 6.250 AA- 6.060 366 09/012000 06651PAA1 2872 Bank United 02/17/1999 1,000,000.00 942,590.00 988,564.41 5.400 Aaa 5.700 1,615 02/02/2004 2840 General Electric Capital Corp 04/03/1998 1,000,000.00 1,000,290.00 1,000,236.11 5.840 Aaa 6.799 211 03I302000 2841 General Electric Capital Corp 04/06/1998 1,000,000.00 995,100.00 1,000,177.37 5.920 Aaa 5.909 580 04AW001 61687YBUO 2808 JP Morgan 10/02/1997 1,000,000.00 997,400.00 999,804.50 6.125 AA 6.145 397 10/02/2000 580135CA7 2851 McDonald's 06/30/1998 1,000,000.00 986,880.00 1,001,221.74 6.000 AA2 5.950 1,026 06/2320M 66938KAB6 2805 Noruvest Financial,Inc. 10/01/1997 2,000,000.00 2,001,320.00 2,000,465.75 6.375 AA3 5.977 30 10/01/1999 84534ECS4 2827 Southvmstem Bell 01/12/1998 1,000,000.00 968,780.00 996,516.00 5.730 AA3 5.858 1,146 10/212002 892332AF4 2858 Toyota Motor Credit 11/09/1998 500,000.00 490,520.00 502,577.43 5.500 AAI 5.222 747 09/172001 892332AF4 2860 Toyota Motor Credit 1125/1995 325,000.00 318,838.00 326,08727 5.500 AA1 5.318 747 09/172001 894190AK3 28W Citigroup 03/27/1998 1,000,000.00 999,150.00 1,002,555.29 6.125 Aa3 5.770 288 06/152000 Subtotal and Average 13,827,995.20 13,825,000.00 13,669,988.00 13,827,463.48 6.834 567 Portfolio CITY AP Run Date:10/W1999-16:51 PM(PRF_PM2)SymRept V5.01f City of HB Portfolio Management Page Portfolio Details -Investments August 31, 1999 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Bankers Acceptances,Amortizing PP500PJC2 2911 First Union National 06/30/1999 1,000,000.00 997,070.00 997,155.56 5.120 A1P1 5.253 20 09/21/1999 Subtotal and Average 996,027-22 1,000,000.00 997,070.00 997,166.66 6.263 20 C *rclal Paper Disc.-Amortizing 29..-._1WD7 2909 Equilon Enterprise OSM1999 1,000,000.00 998,250.00 998,273.33 5.180 A-1+ 5.309 12 09/13/1999 36959JWL3 2879 General Electric Capital Corp 03/23/1999 1,000,000.00 997,220.00 997,456.11 4.820 Aaa 5.008 19 09/20/1999 85462DWG4 2910 Stanley Works 06/30/1999 1,000,000.00 997,810.00 997,854.17 5.150 Al 5.280 15 09/16/1999 Subtotal and Average 6,015,631 AS 3,000,000.W 2,993,280.00 2,993,583.61 6.199 15 Federal Agency Disc.-Amortizing 313384WZ8 2902 Federal Home Loan Bank 05/28/1999 1,000,000.00 961,650.00 964,322.22 4.940 AAA 5.289 260 06/18/2000 31339SYL1 2908 Federal Home Loan Mort Corp 06/30/1999 1,0150,000.00 956,410.00 956,815.28 5.270 AAA 5.658 295 06/22/2000 313588LN3 2904 Fed.Nat'I Mort.Assoc. 06/10/1999 1,000,000.00 998,690.00 998,785.00 4.860 AAA 4.989 9 09/10/1999 Subtotal and Average $913,643.34 3,000,000.00 2,916,760.00 2,919,922.50 6.308 186 Total Investments and Average 94,399,166.69 93,530,718.57 92,548,339.0 7 93,420,370.06 6.636 546 Portfolio CITY AP Run Date:10/04/1999-16:51 PM(PRF_PM2)SymRept V5.01f City of HB Portfolio Management Page 5 Portfolio Details -Cash August 31, 1999 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Accrued Interest at Purchase 14,445.56 14,445.56 Su 14,445.56 14,44556 Total Cash and Investments 94,399,166.69 93,6W,718.67 92,682,784.63 93,434,816.62 SAW 548 Portfolio CITY AP Run Date:10104MM9-16:51 PM(PRF_PM2)SymRept V5.01f City of HB Portfolio Management Page 6 Investment Activity By Type August 1, 1999 through August 31, 1999 Stated Transaction Purchases Sales/Maturttles CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 99-282 Union Bank 4.475 W02/1999 0.00 1,048,000.00 W284 Union Bank 4.538 08/02/1999 1,315,000.00 0.00 99-284 08/03(1999 0.00 1,315,000.00 99-296 Union Bank 4.350 08/03/1999 1,422,000.00 0.00 W285 09/04/1999 0.00 1,422,000.00 99-286 Union Bank 4.288 08/04/1999 1,498,000.00 0.00 99-286 08/05/1999 0.00 1.498,000.00 99-287 Union Bank 4.350 O&W1999 1,690,000.00 0.00 99-287 W06/1999 0.00 1,690,000.00 99-288 Union Bank 4.288 08/06/1999 951,000.00 0.00 99-288 DWM1999 0.00 951.000.00 W289 Union Bank 4.350 08 MIS99 1,314,000.00 0.00 99-289 08/10/1999 0.00 1,314,000.00 29-290 Union Bank 4.286 08/10/1999 1,834,000.00 0.00 99-290 08111/1999 0.00 1,834,000.00 W291 Union Bank 4.350 08/11/1999 866,000.00 0.00 99-291 08/12/1999 0.00 866,000.00 99-292 Union Bank 4.413 M12/1999 1,849,000.00 0.00 99-292 08/13/1999 0.00 1,849,000.00 99-293 Union Bank 4.350 08/13(1999 553,000.00 0.00 W293 08/16/1999 0.00 553,000.00 99-294 Union Bank 4.600 08/16/1999 911,000.00 0.00 9.9-294 08/17/1999 0.00 911,000.00 99-295 Union Bank 4.350 08/17/1999 999,000.00 0.00 99-295 08/18/1999 0.00 999,000.00 99-296 Union Bank 4.225 08/16/1999 989,000.00 0.00 99-296 W19/1999 0.00 989,000.00 99-297 Union Bank 4.286 08/19/1999 410,000.00 0.00 99-297 08/20/1999 0.00 410,000.00 99-298 Union Bank 4.288 08/20/1999 1,483,000.00 0.00 99-298 08123/1999 0.00 1,483,000.00 99-299 Union Bank 4.413 08/23/1999 1,759,000.00 0.00 99-299 08/24/1999 0.00 1,759,000.00 99-M Union Bank 4.538 05/24/1999 1,583,000.00 0.00 99-300 08/25/1999 0.00 1,583,000.00 99-301 Union Bank 4.538 O&OW1999 1,759,000.00 0.00 Portfolio CITY AP Run Date:10/04/1999-16:51 PM(PRF_PM3)SyrnRept V5.01f City of HB Portfolio Management Investment Activity By Type Page 7 August 1, 1999 through August 31, 1999 Stated Transaction Purchases Sales/Maturitles CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 99-301 08/26/1999 0.00 1,759,000.00 99-302 Union Bank 4.600 08/26/1999 1,130,000.00 0.00 99-302 08/27/1999 0.00 1,130,000.00 99-303 Union Bank 4.600 08/27/1999 2,094,000.00 0.00 W303 08/30/1999 0.00 2,094,000.00 99-304 Union Bank 4.663 OBW1999 1,775,000.00 0.00 99-304 05/31/1999 0.00 1,775,000.00 W305 Union Bank 4.913 OB/31/1999 2,383,000.00 0.00 Subtotal 30,567,000.00 29,232,000.00 2,383,000.00 Federal Agency Issues-Coupon 2799 Federal Nome Loan Bank 6.500 08/27/1999 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 36,065,927.26 Local Agency Investment Funds (Monthly Summary) 2206 LAIF-Redevelopment Agency 5.225 4,750,000.00 1,000,000.00 Subtotal 4,760,000.00 1,000,000.00 27,217,718.57 Treasury Securities-Coupon Subtotal 7,016,699.09 Mr i Term Notes Subtotal 13,827,463AB Bankers Acceptances-Amortizing Subtotal 997,155.56 Commercial Paper Disc.-Amortizing 22550KVG8 2887 Credit Suisse First Boston 4.810 08/16/1999 0.00 1,000,000.00 22550KVL7 28W Credit Suisse First Boston 4.810 08/20/1999 0.00 1,000,000.00 22540KVTO 2899 Credit Suisse First Boston 4.860 08/27/1999 0.00 1,000,000.00 2944E1VP1 29W Equilon Enterprise 4.860 08/23/1999 0.00 1,000,000.00 81782KVD8 2901 Southland Corp(7-11) 4.850 08/13/1999 0.00 1,000,000.00 Subtotal 0.00 5,000,000.00 2,993,583.61 Portfolio CITY AP Run Date:10/04/1999-16:51 PM(PRF_PM3)SyrnRept V5.01f City of HB Portfolio Management Investment Activity By Type Page 8 August 1, 1999 through August 31, 1999 Stated Transaction Purchases Sales/Maturltles CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Disc.-Arnortizing Subtotal $919,922.60 Total 4317,OMW 36,232,000.00 91,420,370.06 Portfolio CITY AP Run Data:10/04/1999-16:51 PM(PRF_PM3)SymRept V5.01f City of HB Portfolio Management Page 9 Investment Activity Summary August 1998 through August 1999 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Securities of Securities Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Matured I Sold Term Days to Maturity August 1998 54 77,690,951.82 5.824 5.905 5.652 10 11 803 572 September 1998 51 77,508,594.55 5.890 5.971 5.652 20 23 986 704 O er 1998 51 78,541,518.18 5.762 5.842 5.557 25 23 800 565 NL aber 1998 52 76,492,332.75 5.689 5.768 5.492 21 20 763 552 December 1998 54 81,367,090.50 5.639 5.718 5.374 20 16 702 491 January 1999 54 87,055,940.91 5.534 5.611 5.265 19 18 704 478 February 1999 53 85,056,577.81 5.515 5.592 5.210 21 20 730 500 March 1999 57 84,419,286.15 5.477 5.553 5.136 30 26 764 541 April 1999 60 89,880,077.24 5.407 5.482 5.119 24 21 710 491 May 1999 69 96,661,487.19 5.383 5.457 5.006 31 21 736 533 June 1999 73 98,97Q832.49 5.409 5.484 5.095 30 26 741 540 July 1999 72 99,349,486.96 5.445 5.520 5.178 19 20 792 575 August 1999 66 94,399,166.69 5.460 5.536 5.225 22 28 775 546 Average 59 86,746,384.02 5.572% 6.649% 6.311 22 21 770 645 Portfolio CITY AP Run Date:10/04/1999-16:51 PM(PRF PM4)SymRept V5.01f City of HB Portfolio Management Page 10 Distribution of Investments By Type August 1998 through August 1999 August September October November December January February March April May June July August Average Investment Type 1998 1998 1998 1998 1998 1999 1999 1999 1999 1999 1999 1999 1999 by Period Repurchase Agreements 2.0 5.0 2.4 4.0 2.1 3.1 1.3 1.2 4.4 2.1 1.0 1.1 2.6 2.5% Certificates of Deposit Coggpercial Paper-Interest Bearing FW Agency Issues-Coupon 53.6 57.3 47.9 42.9 38.7 38.9 35.6 36.3 34.3 37.5 37.4 39.3 38.6 41.4% Lod Agency Investment Funds 21.5 9.9 28.6 30.9 31.6 32.7 33.5 32.4 31.6 29.4 28.6 24.9 29.1 28.1% Treasury Securities-Coupon 5.1 6.6 5.3 5.0 4.6 4.6 6.0 5.9 5.4 7.1 6.9 7.4 7.5 5.9% Variable CD's Negotiable CD's Certificates of Deposit-Bank Medium Term Notes 14.1 18.1 14.5 16.0 14.9 14.9 16.5 16.2 14.8 14.0 13.6 14.7 14.8 15.1% Mortgage Backed Securities Bankers Acceptances Amortlzing 1.3 1.2 4.7 2.3 1.0 1.1 1.1 1.0% Cornmerclal Paper Disc.-Amortizing 2.3 5.8 2.4 5.8 9.5 9.0 8.8 8.5 3.2 4.3% Federal Agency Disc.-Amortizing 5.8 1.0 2.8 3.1 3.1 1.2% Treasury Discounts,Amortizing Miscellaneous Discounts Amortizing Portfolio CITY AP Run Date:10/04119N-16:51 PM(PRF_PM5)SymRept V5.0tf I Sitate of California Inc pled M oney Investment Account Market valuation. 8/31/99 W -wi United States T-easuE�: Bills ~ • 7.35524 639.93 2 424 478 788.80 NA Notes ' $ 2.998.242 539-74 2 986 331 750.0.0 39 362 684.75 i Federal A encv. Bonds �.'314 159 154.79 2 894 495 416.60 37 865 724.0: Floaters 100 00.000.00 S 100 000 000.00 361 979.0^_ MBS W _! 46.643.965.00 234 232 819.26 ir 1 265 635.0' GNMA S 1,710.819.83 1,927.329.82 SBA ! - 2;2.435.953.19 272 259 764.77 2,412,068.0 FHLMC PC 3 ",5.812.196.56 $ 16 706 251.34 253 786.38 Discount Notes i 3 ;43 325 112-10 S 3.804 329 829.02 NA Bankers Accept 3ncQ_s' S NA Cor rate: Bonds ° y �.83 265 787.37 S .97 989 912.50 19 01 Z 515-«. Floaters _ 324A 991.73 S 1 327 998 057.50 8 CDs _ .738.920 823.11 5 4,725 689.879.49 63 028,328.9C .. Bank Notes _I 7' 972 091.43 S 1469 02 457.72 28.866 07.;.-S' Repurchase A seements r�,- S 301000.0OO.OQ 50 0 000.00 NA Time Dg2oslts _- b__ 717.640 000.00 $ 2.407 640 00 .00 NA AB 55 & GF Loi ns 3 _�- ' 8,772 350.11 2i398,772,350.11 NA Commercial Parser + ` .'� y.;_ 0,717,681-00 8,091 765 220.55 NA Reverse Repurchase _,, = ,013,533-37 $ 1'084 013 533.37 973 435.E T- TOTAL ? :>2 ?63.159 572.52 33, '096 106 294-11 197 020.44�. Fair Value Inc]ljding!4cc. led Interest. $ 33,293,126,738.17 Repurchase Agr sements, ne Deposits. : B 55 &General Fund loans, and Reverse Repurchase agrsci vents are c2i--n.d at portfolio book'value(carrying cost). TOTPL I tt RCA ROUTING SHEET INITIATING CITY TREASURER DEPARTMENT: SUBJECT: Investment Summary Report COUNCIL MEETING DATE: October 18, 1999 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff b Assistant City Administrator Ini ial City Administrator Initial -City Clerk - EXPLANATION FOR RETURN OF ITEM: Space . Only) Treasurer's Report - Shari L. Freidenrich, CPA, CCMT TREASURER' S Y CU �. O NO r) i. Shari L . FrNeidenrich , CPA, CCMT October 18, 1999 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT August 99 Investment Summary Financial Information: I I July August Inc(Dec) End of month City Portfolio Balance $94,293,386 $93,420,370 ($873,016) Average Maturity ( in days) 575 546 -29 End of Month Market Value $93,558,159 $92,548,339 ($1 ,009,820) YTD Average Daily Balance $87,799,739 $88,410,432 $610,693 Comparison to Budget: Budget , Actual lnc(Dec) Interest Earned for Month $300,000 $438,687 $138,687 Interest Earned Year to Date $3,300,000 $4,547,069 $1 ,247,069 Earned Interest Yield Year to Date 5.50% 5.60% 0.10% Summary by Individual Investment: Days Int. August % of Total Policy Limit to Mat Rate Repurchase Agreements $2,383,000 3% None 1 4.98% Federal Agy Issues - Coupon $36,065,927 39% None 1033 5.73% Local Agency Inv. Fund (LAIF) $27,217,719 29% $40 Million 1 5.23% Medium Term Notes $13,827,463 15% 20% 567 5.83% Commercial Paper $2,993,584 7% 15% 15 5.20% Treasury Securities $7,015,599 3% None 756 5.64% Banker's Acceptances $997,156 1% 25% 20 5.25% Federal Agy Issues -Amort. $2,919,922 3% None 186 5.31% Total $93,420,370 ( 100% 'ch— Trucsvvedt /re�du,r� CITY OF HUNTINGTON BEAU /y9 MEETING DATE: November 1, 1999 DEPARTMENT ID NUMBER: CT 99-14 Council/Agency Meeting Held: / 170 rApprove rred/Continued to:Conditionally Approved ❑ Denied City Clerk's Signature Council Meeting Date: November 1, 1999 Department ID Number: CT 99-14 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer PREPARED BY: SHARI L. FREIDENRICH, City Treasurer` SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S SEPTEMBER, 1999 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, 1999 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, 1999, 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 1 Monthly Investment Report and Summary of Investments for September, 1999 RCAINVSM.DOC -2- 10/19/99 9:59 AM Monthly Investment Report and Summary Of Investments for September 1999 Attachment 1 City of Huntington Beach Summary of Investment Portfolio Activity for September, 1999 Financial Information: . Increase August September (Decrease) End of month City Portfolio Balance $93,420,370 $76,144,703 ($17,275,667) Accrued Interest at Purchase $14,446 $4,821 ($9,625) Interest Earned for Month $438,687 $426,685 ($12,002) Earned Interest Yield Average 5.47% 5.60% 0.13% Average Maturity ( in days) 546 665 119 End of Month Market Value $92,548,339 $75,439,756 ($17,108,583) End of month bank cash balance $3,604,039 $3,299,298 ($304,741) Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $300,000 $426,685 $126,685 Interest Earned Year to Date $3,600,000 $4,975,997 $1,375,997 Earned Interest Yield Year to Date 5.50% 5.61% 0.11% Transaction Summary: Increase August September (Decrease) Number of Securities Purchased 22 23 1 Number of Securities Matured/Sold 28 24 -4 Summary by Individual Investment: ` Days Int. September % of Total Policy Limit to Mat. Rate Repurchase Agreements $2,690,000 4% None 1 4.98% Federal Agy Issues - Coupon $35,066,455 46% None 1032 5.73% Local Agency Inv. Fund (LAIF) $10,717,719 14% $40 million 1 5.26% Medium Term Notes $14,826,327 19% 20% 549 5.87% Treasury Securities - Coupon $7,015,149 9% None 726 5.64% Commercial Paper- Disc. $1,959,824 3% 15% 126 5.94% Banker's Acceptances $992,828 1% 25% 157 5.63% Federal Agy Issues -Amort. $2,876,401 4% None 282 5.59% $76,144,703 100% O City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary September 30, 1999 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Repurchase Agreements 2,690,000.00 2,690,000.00 2.690.000.00 3.53 1 0 4.913 4.951 Federal Agency Issues-Coupon 35,105,000.00 34,507,206.20 35,066,455.39 46.05 1,350 1.032 5.647 5.726 Local Agency Investment Funds 10,717,718.57 10,717,718.57 10,717,718.57 14.08 1 1 5.183 5.255 Treasury Securities-Coupon 7,000,000.00 6,992,970.00 7,015,149.12 9.21 1,159 726 5.566 5.643 Medium Term Notes 14,825,000.00 14,706,533.50 14,826,326.68 19.47 1,064 549 5.787 5.867 Bankers Acceptances-Amortizing 1,016,80.65 991.767.46 992,827.82 1.30 159 157 6.553 5.630 Commercial Paper Disc.-Amortizing 2,000,000.00 1,959,850.00 1,959,823.88 2.57 128 126 5.860 5.941 Federal Agency Disc.-Amortizing 3,000,000.00 2,873,710.00 2,876,401.68 3.78 356 282 5.515 5.592 Investments 76,364,682.22 76,439,756.73 76,144,703.14 100.00% 965 666 6.676 6.662 Cash and Accrued Interest Passbook/Checking 0.00 0.00 0.00 0 0 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase 4.821.11 4.821.11 Subtotal 4,821.11 4.821.11 Total Cash and investments 76,364,682.22 75,444,676.84 76,149,624.26 965 666 6.575 6.662 Total Eamings September 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 426,684.52 4,975,997.44 4,975,997.44 Current Budget 300,000.00 3,600,000.00 3,600,000.00 Last Year Actual 379,277.00 4,513,758.00 4,513,758.00 Average Daily Balance 92,662,219.64 88,769,894.01 Effective Rate of Return 5.60% 6.61% 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.21, 1998. 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 rrill Lynch and J.J.Kenney pricing services. /0- Zo-v? t FREI N ICH,CITY TREASURER Portfolio CITY AP Run Date:1011 811999-1 3:15 PM(PRF PM1)SyrnRept V5.01f City of HB Portfolio Management Page 2 Portfolio Details -Investments September 30, 1999 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moodys 365 Maturity Date Repurchase Agreements 99-323 Union Bank 09/30/1999 2,690,000.00 2.690.000.00 2,690.000.00 4.913 4,981 0 10/01/1999 Subtotal and Average 1,269,900.00 2,690,000.00 2,6W DW.00 2,690,000.00 4.981 0 Federal Agency Issues-Coupon DD1143609 2813 Federal Farm Credit Bank 11/20/1997 1,000.000.00 999.570.00 1.000,118.34 5.910 AAA 5.898 416 11120/2000 31331HWTO 2892 Federal Farm Credit Bank 05/03/1999 1,000,000.00 977,810.00 999,223.56 5.250 AAA 5.283 943 05/012002 EX134S478 2895 Federal Farm Credit Bank 0528/1999 1,000,000.00 992.100.00 1,000,000.00 5.260 AAA 5.260 425 11/29/2000 31331HZF7 2907 Federal Farm Credit Bank 07/01/1999 1,000,000.00 997,030.00 998,792.26 5.875 AAA 5.949 640 07/02/2001 3133M1VQ9 2806 Federal Home Loan Bank 10/15/1997 1,000.000.00 997.810.00 1.000,000.00 6.230 AAA 6.230 74S 10/15/2001 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 988,910.00 1,000,000.00 6.200 AAA . 6.200 1.186 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 989.060.00 1,000,000.00 6.215 AAA. 6.215 1,194 01/07/2003 EC1010007 2871 Federal Home Loan Bank 03/05/1999 1,000,000.00 976,560.00 1.000,000.00 5.390 AAA 5.390 1,070 09/052002 3133MSQB9 2874 Federal Home Loan Bank 02/22/1999 1.000,000.00 959,060.00 991,127.71 5.125 AAA 5.380 1,445 09/15/2003 3133M7VS2 2876 Federal Home Loan Bank 03/15/1999 1,000.000.00 985,630.00 1,000,000.00 5.330 AAA 5.330 714 09/14/2001 3133MSBC3 2881 Federal Home Loan Bank 03/31/1999 1,000.000.00 990,310.00 1.003,967.32 5.500 AAA 5.261 682 08/13/2001 3133MSJ92 2882 Federal Home Loan Bank 03/31/1999 1,000.000.00 973.590.00 1.002,696.07 5.630 AAA 5.S46 1.432 09/02/2003 3133M4RES 2883 Federal Home Loan Bank 03/31/1999 1.105,000.00 1.081.176.20 1,110,174.23 5.690 AAA S.540 1.357 06/19/2003 3133M8LR3 2889 Federal Home Loan Bank 05/10/1999 1,000,000.00 963,280.00 1,000,000.00 5.625 AAA 5.625 1.683 05/10/2004 EC1365492 2898 Federal Home Loan Bank 06/07/1999 1.000,000.00 975.620.00 1,000.000.00 6.000 AAA 6.000 1,711 06/07/2004 EC1444214 2903 Federal Home Loan Bank 06/2811999 1,000,000.00 990.470.00 1,000,000.00 6.025 AAA 6.025 1,001 06/2&2002 3133M9CK6 2906 Federal Home Loan Bank 07/19/1999 1,000.000.00 994.640.00 1,000.000.00 6,250 AAA 6.250 1.022 07/19/2002 EC1258861 2886 Federal Home Loan Mort Corp 04/28/1999 1.000,000.00 996.250.00 999,612.25 4.980 AAA 5.050 210 04/28I2000 EC1333136 2894 Federal Home Loan Mort Corp 05/13/1999 1,000,000.00 989.840.00 1,000,000.00 5.480 AAA S.480 592 05/15/2001 31364C4D7 2800 Fed.Nat'l Mort.Assoc. 011/12/1997 1.000.000.00 994.530.00 995.895.15 6.150 AAA 6.320 1.039 08/052002 31364C4P0 2801 Fed.Narl Mort.Assoc. 08112/1997 1,000,000.00 1.000.000.00 997,620.50 5.910 AAA 6.221 311 08/072000 31364FUB 2818 Fed.Nafl Mort.Assoc. 1226/1997 1,000,000.00 985,470.00 1.000,000.00 6.150 AAA 6.150 1.182 12/26/2002 31364FNB3 2825 Fed.Narl Mort.Assoc. 01/14/1998 1,000,000.00 9110.310.00 1,000,000.00 6.010 AAA 6.010 1,201 01/142003 DD11S2733 2826 Fed.Narl Mort.Assoc. 01/14/1998 1.000,000.00 980.310.00 1.000,000.00 6.010 AAA 6.010 1.201 01/142003 2848 Fed.Nat'l Mort.Assoc. Y 0521/1998 1,000,000.00 980,000.00 1.000.000.00 6.030 AAA 6.030 1.322 05/152003 31364FX55 2853 Fed.Nat'l Mort.Assoc. 0721/1998 1,000.000.00 975,940.00 998,770.28 6.010 AAA 6.083 1,378 07/102003 ECO581545 2856 Fed.Nat'l Mort.Assoc. 1029/1998 1,000.000.00 978.280.00 999,783.56 5.000 AAA 5.011 759 10292001 31364GGH6 2859 Fed.Nat'l Mort.Assoc. 11/13/1998 1,000,000.00 957,5W.00 998,970.83 5.270 AAA 5.299 1,504 11/132003 31364GPB9 2866 Fed.Nat'l Mort.Assoc. 01/13/1999 1.000,000.00 986.720.00 1,000,000.00 5.260 AAA 5.260 651 07/13/2001 31364GEEM7 2884 Fed.Narl Mort.Assoc. 03/31/1999 1,000,000.00 952,880.00 977.167.07 5.120 AAA 5.758 1,494 11/032003 31364GZAO 2885 Fed.Natl Mort.Assoc. 0420/1999 1.000.000.00 972.500.00 1,000.000.00 5.910 AAA 5.909 1.631 03/192004 31364GM63 2890 Fed.Narl Mort.Assoc. 05/05/1999 1,000.000.00 969,790.00 1.000,000.00 5.780 AAA 5.780 1,678 05/05/2004 Portfolio CITY AP Run Date:10/18/1999-13:15 PM(PRF PM2)SymRept V5.01f City of H13 Portfolio Management Page 3 Portfolio Details -Investments September 30, 1999 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 31364F2M2 2893 Fed.Nat'l Mort.Assoc. 05/07/1999 2,000,000.00 1,996.560.00 2,006,020.92 5.560 AAA 6.169 297 07/242000 31364GO93 2905 Fed.Nat'I Mort.Assoc. 06/11/1999 1,000.000.00 977,500.00 986,515.34 6.000 AAA 6.343 1.690 05/172004 Subtotal and Average 36,832,861.50 36,105,000.00 34,607,206.20 36,066,456.39 6.728 1,032 Local Agency Investment Funds 982 Laif City 4.260,183.04 4,260,183.04 4,260.183.04 5.225 NR 5.225 1 2206 LAIF-Redevelopment Agency 6.457.535.53 6,4S7,535.53 6,457.535.53 5.274 NR 5.274 1 Subtotal and Average 29,567,718.57 10,717,718.57 10,717,718.67 10,717,718.67 6.255 1 Treasury Securities-Coupon 9128274N9 2896 U.S.Government Treas.Note 05/13/1999 1,000,000.00 980,160.00 993,746.39 5.250 AAA 5.431 1,414 08/152003 9128273C4 2897 U.S.Government Treas.Note 05/17/1999 1,000.000.00 1,007,190.00 1,013,659.00 6.000 AAA 5.464 1,034 07/312002 912827Z39 2783 UNITED STATES TREASURY 03/17/1997 1,000.000.00 1.015.620.00 999,865.63 6.500 AAA 6.507 700 0S312001 912827V66 2819 UNITED STATES TREASURY 12/10/1997 1,000,000.00 1.002.660.00 999.121.09 5.750 AAA 5.837 396 10/312000 912827Z96 2643 UNITED STATES TREASURY 0429/1998 1,000.000.00 1,001.090.00 1,000,224.00 5.875 AAA 5.680 45 11/15/1999 US9128273444 2854 UNITED STATES TREASURY 07/31/1998 1,000.000.00 1,000,780.00 999,652.78 5.375 AAA 5.485 122 01/312000 9128274K5 2875 UNITED STATES TREASURY 0222/1999 1,000.000.00 985,470.00 1,008,878.23 5.375 AAA 5.106 1,368 06/302003 Subtotal and Average 7.016,366.61 7,000,000.00 8,992,970.00 7.016,149.12 5.643 728 Medium Term Notes 02687OAK4 2839 American Int'I Group(AIG) 03/30/1998 1,000,000.00 999,750.00 1,000.196.37 5.750 Aaa 5.716 178 032720W 046003EL9 2830 Associated Corp. 0129/199B 1.000,000.00 1,000,370.00 1,001,222.52 6.000 AA3 5.808 258 06/152000 046003JPS 2857 Associated Corp. 11/06/1998 1.000,000.00 982,580.00 1,005,783.95 5.875 AA3 5,640 1,018 07/152002 05943FAE5 2809 Banc One Corp. 10/14/1997 1,000.000.00 999.260.00 1.001,559.31 6.250 AA. 6,060 336 09/0120W 06651PAA1 2872 Bank United 02/17/1999 1,000,000.00 950,600.00 988.780.04 5.400 Aaa. 5.700 1.585 02/02/2004 2840 General Electric Capital Corp 04/03/1995 1.000,000.00 1,001,130.00 1,000,202.22 5.840 Aaa 5.799 181 03/302000 2841 General Electric Capital Corp 04/06/1998 1.000,000.00 996.590.00 1.000.168.07 5.920 Aaa 5.909 550 04/03/2001 36962GUD4 2912 General Electric Capital Corp 09/17/1999 1,000,0D0.00 1,001,360.0D 1,000,000.00 6.330 Aaa 6.330 717 09/172001 61687YBUO 2808 JP Morgan . 10/02/1997 1,000,000.00 997.180.00 999,819.50 6.125 AA'. 6.145 367 10/022000 580135CA7 2851 McDonald's 06/30/1998 1.000,000.00 989,410.00 1,001,185.53 6.000 AA2. 5.950 996 0&23/2002 66938HAB6 2805 Norvvest Financial,Inc. 10/01/1997 2,000,000.00 2,000.000.00 2,000,000.00 6.37S AA3 5.977 0 10/01/1999 a4534ECS4 2827 Southwestern Bell 01/12/1998 1.000,000.00 975,600.00 996,608.49 5.730 AA3 5.858 1,116 10212002 892332AF4 2858 Toyota Motor Credit 11/09/1998 500.000.00 492.390.00 502.472.37 5.500 AA1. 5.222 717 09/172001 892332AF4 2860 Toyota Motor Credit 1125/1998 325,000.00 320,053.50 326,042.95 5.500 Am 6.318 717 09/172001 894190AK3 2838 Citigroup 0327/1998 1.000.000.00 1.000,260.00 1.002,285.36 6.126 Aa3 5.770 258 W15/2000 Subtotal and Average 14,293,642.80 14,826,000.00 14,706,633.60 14,826,326.68 6.867 649 Portfolio CITY AP Run Date:10/18/1999-13:15 PM(PRF PM2)SymRapt V5.01f City of HB Portfolio Management Page 4 Portfolio Details -Investments September 30, 1999 Average Purchase Stated YTM Days to Maturity CUSIP Investment 4 Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Bankers Acceptances-Amortizing PP10071F6 2918 First Union National 09/29/1999 1,016,863.65 991,767.46 992,827.82 5.420 A1P1 5.630 157 03/O6/2000 Subtotal and Average 731,949.34 1,016,80.66 991,76r.46 992,827.62 6.630 167 Commercial Paper Disc.-Amortizing 61745ABB4 2916 Morgan Stanley Dean Witter 09/29/1999 1,000,000.00 978.790.00 978,830.83 5.730 A1P1 5.937 133 02/112000 61745AAU3 2917 Morgan Stanley Dean Witter 09/29/1999 1.000.000.00 981.060.00 980.993.05 5.750 A1131 5.945 119 01282000 Subtotal and Average 1,662,397.21 2,000,000.00 1,959,850.00 1,959,a23.88 6.941 128 Federal Agency Disc.-Amortizing 313384W28 2902 Federal Home Loan Bank 0528/1999 1.000.000.00 966,070.00 968,438.89 4.940 AAA 5.289 230 05/182000 313396YLl 29M Federal Home Loan Mort Corp 06/30/1999 1,000,000.00 960.640.00 961,206.95 5.270 AAA 5.658 265 0622/2000 31358BG41 2913 Fed.Nat'I Mort.Assoc.. 0929/1999 1,000,000.00 946,500.00 946,755.84 5.430 AAA 5.834 353 09/182000 Subtotal and Average 2,288,483.50 3,000,000.00 2,873,710.00 2,876,401.68 6.692 282 Total Investments and Average 92,662,219.54 76,364,682.22 76,439,756.73 76,144,703.14 6.662 666 Portfolio CITY AP Run Date:101 BAN9-13:15 PM(PRF_PM2)SymRept V5.01t City of HB Portfolio Management Page s Portfolio Details -Cash September 30, 1999 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 396 Maturity Accrued Interest at Purchase 4,821.11 4.821.11 Subtotal 4,821.11 4.821.11 Total Cash and Investments 92,662,219.64 76,354,682-22 75,444,576.84 76,149,524.25 6.652 665 i Portfolio CITY AP Run Date:1 O119l1999-13:15 PM(PRF PM2)SymRept Y5.011 City of HB Portfolio Management Investment Activity BY Type e Page s September 1, 1999 through September 30, 1999 Stated Transaction Purchases Sales/Maturitles CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 99-305 Union Bank 4.913 09/01/1999 0.00 2,383,000.00 99-306 Union Bank 4.725 09/01/1999 2,500,000.00 0.00 99-306 09/02/1999 0.00 2,500.000.00 99-307 Union Bank 4.600 09/02/19M 1,744,000.00 0.00 99-307 09/03/1999 0.00 1,744,000.00 99-308 Union Bank 4.475 09/03/1999 761,000.00 0.00 99-308 09/07/1999 0.00 761,000.00 99-309 Union Bank 4.663 09/07/1999 1,101,000.00 0.00 99-309 09/o8/1999 0.00 1,101.000.00 99-310 Union Bank 4.600 09/08/1999 1,324.000.00 0.00 99-310 09/09/1999 0.00 1.324,000.00 99-311 Union Bank 4.600 09/09/1999 419,000.00 0.00 99-311 09/10/1999 0.00 419.000.00 99-312 Union Bank 4.475 09/10/1999 552,000.00 0.00 99-312 09/13/1999 0.00 552,000.00 99-313 Union Bank 4.538 09/13/1999 501,000.00 0.00 99-313 09/14/1999 0.00 501,000.00 99-314 Union Bank 4.538 09/14/1999 1,292,000.00 0.00 99-314 09/15/19" 0.00 1.292,000.00 99-315 Union Bank 4.663 09/15/1999 1.212,000.00 0.00 99-315 09/16/1999 0.00 1.212,000.00 99.316 Union Bank 4.600 09/16/1999 394,000.00 0.00 99-316 09/17/1999 0.00 394,000.00 99-317 Union Bank 4.538 09/20/1999 926,000.00 0.00 99-317 09/21/1999 0.00 926,000.00 99-318 Union Bank 4.475 09/21/1999 979,000.00 0.00 99-318 09/22/1999 0.00 979,000.00 99.319 Union Bank 4.475 0922/1999 801,000.00 0.00 99-319 0923/1999 0.00 801.000.00 99-320 Union Bank 4.600 0923/1999 965,000.00 0.00 99-320 09/24/1999 0.00 968.000.00 99-321 Union Bank 4.538 0924/1999 4.957.000.00 0.00 99-321 0927/1999 0.00 4,957,000.00 99-322 Union Bank 4.725 09/29/1999 1,675.000.00 0.00 99-322 09/30/1999 0.00 1,675,D00.00 99-323 Union Bank 4.913 09/30/1999 2,690,000.00 0.00 Portfolio CITY AP Run Date:1ORWIM-1247 PM(PRF PM3)SyfnRept V5.01f City of HB Portfolio Management Investment Activity BY Type e Page September 1, 1999 through September 30, 1999 Stated Transaction Purchases Sales/Maturitles CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Subtotal 24,796,000.00 24,489,000.00 2,690,000.00 Federal Agency Issues-Coupon 3133M1TC3 2817 Federal Home Loan Bank 5.860 09/24/1999 0.00 1,000,000.W Subtotal 0.00 1,000,000.00 35,066,455.39 Local Agency Investment Funds (Monthly Summary) 982 Laif City 5.225 3,000,000.00 4,5W.000.00 2206 LAIF-Redevelopment Agency 5.274 5,500,000.00 20,500,000.W Subtotal 8,600,000.00 25,000,000.W 10,717,718.67 Treasury Securities-Coupon Subtotal .7,015,149.12 Medium Term Notes 36962GUD4 2912 General Electric Capital Corp 6.330 09/17/1999 1,000,000.00 0.00 Subtotal 110001000.W 0.00 14,826,326.68 Bankers Acceptances-Amortizing PPSWPJC2 2911 First Union National 5.120 0921/1999 0.00 1,000,000.00 1312100776 2918 First Union National 5.420 09/29/1999 992,521.63 0.00 Subtotal 992,521.63 1,000,000.00 992,827.82 Commercial Paper Disc.-Amortizing 2944E1WD7 2909 Equilon Enterprise 5.180 09/13/1999 0.00 1,000,0W.00 36959JWL3 2879 General Electric Capital Corp 4.820 09/20/1999 0.00 1,000,000.00 61745ABB4 2916 Morgan Stanley Dean Witter 5.730 09/29/1999 978,512.50 0.00 61745AAU3 2917 Morgan Stanley Dean Witter 5.750 09/29/1999 980,673.61 0.W 85462DWG4 2910 Stan►eyWorks 5.150 09/16/1999 0.00 1,000,W0.00 Subtotal 1,959,186.11 3,000,000.00 1,959,8m.88 Federal Agency Disc.-Amortizing 313588LN3 2904 Fed.NafI Mort.Assoc. 4.860 09/10/1999 0.00 1,000,000.00 31358BG41 2913 Fed.Narl Mort.Assoc. 5.430 09/29/1999 946,464.17 0.W Subtotal 946,454.17 1,000,000.00 2,976,401.68 Portfolio CITY AP Run Date:10/1&1999-12:47 PM(PRF PM3)SymRept V5.01f City of HB Portfolio Management Investment Activity BY Type e page s September 1, 1999 through September 30, 1999 Stated Transaction Purchases Sales/Maturities CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance , Total 38,194,161.91 65,489,000.00 76,144,703.14 Portfolio CITY AP Run Date:10/18/1999-12:47 PM(PRF PM3)SyrnRept V5.01f City of HB Portfolio Management page 9 Investment Activity Summary September 1998 through September 1999 Yield to Maturity Managed Number Number Month Number of Average 360 366 Pool of Securities of Securities Average `, Average End Year Securities Balance Equivalent Equivalent Rate Purchased Matured I Sold Tenn Days to Maturity September 1998 51 77,508,594.55 5.890 5.971 5.652 20 23 986 704 October 1998 51 78,541,518.18 5.762 5.842 5.557 25 23 800 565 November 1998 52 76.492,332.75 5.689 5.768 5.492 21 20 763 552 December 1998 54 81,367,090.50 5.639 5.718 5.374 20 16 702 491 January 1999 54 87,055,940.91 5.534 5.611 5.265 19 18 704 478 February 1999 53 85,056,577.81 5.515 5.592 5.210 21 20 .730 500 March 1999 57 84,419,286.15 5.477 5.553 5.136 30 26 764 541 April 1999 60 89.880,077.24 5.407 5.482 5.119 24 21 710 491 May 1999 69 96.661,487.19 5.383 5.457 5.086 31 21 736 533 June 1999 73 98,970,832.49 5.409 5.484 5.095 30 26 741 540 July 1999 72 99,349.486.96 5.445 5.520 5.178 19 20 792 575 August 1999 66 94.399,166.69 5.460 5.536 5.225 22 28 775 546 September 1999 65 92,662,219.54 5.575 5.652 5.255 23 24 955 665 Average 60 87,906,364.94 6.663% 6.630% 6.280 23 22 781 662 Portfolio CITY AP Run Date:I OM Stl M-11.47 PM(PRF PM4)SymRept V5.01f City of HB Portfolio Management Page 10 Distribution of Investments By Type September 1998 through September 1999 September October November December January February March April May June July August September Average Investment Type 1998 1998 1998 1998 1999 1999 1999 1999 1999 1999 1999 1999 199. by Period Repurchase Agreements 5.0 2.4 4.0 2.1 3.1 1.3 1.2 4.4 2.1 1.0 1.1 2.6 3.5 2.6% Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 57.3 47.9 42.9 38.7 38.9 35.6 36.3 34.3 37.5 37.4 39.3 38.6 46.1 40.8% Local Agency Investment Funds 9.9 28.6 30.9 31.6 32.7 33.5 32.4 31.6 29.4 28.6 24.9 29.1 14.1 27.5% Treasury Securities-Coupon 6.6 5.3 5.0 4.6 4.6 6.0 5.9 5.4 7.1 6.9 7.4 7.5 9.2 6.3% Variable CD's Negotiable CD's Certificates of Deposit-Bank Medlum Term Notes 18.1 14.5 16.0 14.9 14.9 16.5 16.2 14.8 14.0 13.6 14.7 14.8 19.5 15.6% Mortgage Backed Securities Bankers Acceptances-Amortizing 1.3 1.2 4.7 2.3 1.0 1.1 1.1 1.3 1.1% Commercial Paper Disc.-Amortizing 2.3 5.8 2.4 5.8 9.5 9.0 8.8 8.5 3.2 2.6 4.4% Federal Agency Disc.-Amortizing 5.8 1.0 2.8 3.1 3.1 3.8 1.5% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Portfolio CITY AP Run Date:1 011 811 999-1 2:47 PM(PRF PM5)SymRept V5.01f OCT-19-1999 14:52 Fil"M CALIF ST. TREASURER LAIF TO 87143741603 P.01 State of California Pooled Money Investment Account Market Valuation -r 9130199 '/ »a.•hFJ.i:: -.,r rl: — _'a..,...,ri..�:, ;i:+ -n L•4C7..'t^n '.1.•+ �i:':�;.v:" 7f.' .�.`• !y �y;. {:" _:y'• ,�;: C�•yy,r� r�} T� -': .. .i '��':e" v.'.•'liy, J'G�i.`�� ]'y.l..^ti;:�S:..,,..:•_ a; t �•5a' `�,1 .£ �',r :} .s •:: :�eSSf.'.... ti ''�'R'`•lil,• •,.i":;>;"�'r,C $.0 n,":r_..J:9a •r.2't;,i r.. a� .�..:s...w.e...._'.=:1 C'.;.... (]I ' .,f '• a ,1 *': '• -.Y ,: _ .t ...n1,v....,c..N.,...r- '1�.t t:�. . •.`. 'r' `:L•i W: y �' •-�i. '�: C�f:•1;'� 'C '' {!?1,:::..-...i: :-1.�',IR n1, �i•..._'. , . • x{7.!')..•' _ C:• ".L.�s G. , �s %'sue,. 4^...�^.. r �.. h .: m tr V lccrued�=ln f�r4aDescrrp 1.pn::. :.,:a. -:Accr`ecll restP,irc� A :ortized4Cos1:.,._,='_ r _., �, �_ w. . s u er..est:: United States Treasu : _ Bills $ _^ ,355,124,639.93 $ 2,435,049,402.18 S 2,434,134,722.45 NA Notes + $ `�97,163.646.30 S 2,996,762,006.96 S 2,990,410,000.00 $ 39,731,678.00 l _ Federal Agency: i _ Bonds $ ',358,382,794.35 $ 2,658,382,794135 S 2,642,663,272.10 $ 30.261.258.83 Floaters I $ `100.000,000.00 $ 100,000.00000 $ 100,000,000.00 $ 796,354.00 MBS $ ' _244,768,575.00 S 244,768,575.00 $ 235,841,198.71 $ 1,246,756.19 GNMA $ _r 1,619,562.05 $ 1,619,562:.05 S 1,822,658.95 $ 15,964.07 SBA S 257,030,909.55 $ 267,030,909.55 $ 266,473,135,77 $' 2,363,890.26 FHLMC PC S A 15,520,893.60 S 15,520,893.60 $ 16,400,882.63 S 249,163.07 Discount Notes $ 1,793,257,487.10 $ 3,867,835,392.65 S 3,868,963,662.24 NA Bankers Acceptances S _ _ - S NA Corporate: Bonds S 573.262,847-42 S 977,331,034.48 S 970,828,879.90 $ 16,170,179.75 Floaters S 1. 12.429,660.76 $ 1,312,429,660.76 S 1,314,893,058.50 $ 14,781,339.42 CDs $ 3.,'S3,963,829.91 S 6,487,532,329.90 S 8,475,870.895,37 S $0,659,366.14 Bank Notes S 1_.;,57,972.091.43 S 1,957,972,091.43 S 1,954,244,135.18 $ 33,899,490.29 Repurchase A reement: $ _ - $ - S NA Time Deposits $ 74,490,000.00 $ 2,474,490,000.00 $ 2,474,490,000.00 NA AS 55& GF Loans S 2,'3 i,955,448.03 5 2,331,955,448.03 S 2,331,955,446.03 NA Commercial Paper $ r,397,217,201.50 S 8,456,228,852.39 S 8,457,010,990.69 NA Reverse Re purchase $ 1,(.')32.103,433.37 S (1,632,103,433.37) S 1,632,103,433.37 $ 7,469,445.35) TOTAL S 742,056,153.56 S 34,952,805,519.96 $ 34,904,099,507.15 $ 212,467,992.67 Fair Value Including Accrued rest S 35,116,567,499.82 Repurchase Agreerients; Tire : Deposits, AB 55 & General Fund loans, and Reverse RepurchaEe agreei:: r:ts are carried at portfolio book value (carrying cost). The value of each participat): Dollar equals the fair value divided by the amortized cost (.998606521). As an example: if an agenc • ' an account balance of$20,000,000.00, then the agency would report its participation in the l.AIF vale - :t $19,972,130.41, or $20,000,000.00 x .998506521. TOTAL P.01 RCA *ROUTING 9HEET INITIATING CITY TREASURER DEPARTMENT: SUBJECT: Investment Summary Report COUNCIL MEETING DATE: November 1 , 1999 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 Attome Not Applicable Financial Impact Statement Unbudget, over$5,000) Not Applicable Bonds If applicable) Not Applicable Staff Report If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff Assistant City Administrator (Initial) City Administrator Initial City Clerk EXPLANATION FOR RETURN OF ITEM: SpaceOnly) 4 11/01/1999 -CounclfA enc A enda - Page 4 O 9 Y 9 g B. PUBLIC COMMENTS The City Council welcomes public comments on all items on this agenda or of community interest. We respectfully request that this public forum be utilized in a positive and/or constructive manner. Please focus your comments on the issue or problem that you would like to bring to the attention of the City Council. This is the time to address Council regarding items of interest or on agenda items OTHER than Public Hearings. 3 minutes per person, time may not be donated to others. No action can be taken by Council/Agency on this date unless agendized. Complete the attached pink form and give to the Sergeant-At-Arms located near the speaker's podium C-1. Council Committee/Council Liaison Reports C-1a. (City Council) Report By City Council Cable TV Committee Re: City of Huntington Beach Historical Video— Presentation of Short Video (160.10) Communication from Councilmember Ralph Bauer regarding the development by Mr. David Yrisarri, a local resident and Disney Studio employee, of an historical video about the City of Huntington Beach. The City Council Cable Committee has had an opportunity to view the video and has requested that it be shown at a City Council meeting so the entire City Council can view it. This short video will be used to solicit businesses and members of the community to contribute to a more in-depth video (1 hour) about the history of the City of Huntington Beach. C-1b. (City Council) Report From Mayor Peter Green Regarding Environmental Symposium Attended By Councilmembers and Staff at the Waterfront Hotel (520.10) C-1c. (City Council) Report From Councilmember Shirley Dettloff and Councilmember Pam Julien Regarding Public Art Element— "Voices of the Sea"— South Beach Phase 1 (900.10) C-1d. (City Council) Announcement by Councilmember Bauer of Appointee to the 41h of July Executive Board (110.20) C-2. City Administrator's Report— (None) C-3. (City Council) Review and Accept City Treasurer's September, 1999 Investment Summary Report (310.20) Communication from the City Treasurer transmitting the Monthly Investment Report for September, 1999. Recommended Action: Review and accept the monthly report. Following review of the report, by motion of Council, accept the Monthly Investment Report Summary Of Investment Portfolio for September, 1999, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. I CITY OF HUNTINGTON BEACH INVESTMENT ADVISORY BOARD (IAB) ANNUAL REPORT TO THE CITY COUNCIL FOR THE PERIOD OCTOBER 1, 1998 TO SEPTEMBER 30, 1999 November 1, 1999 Establishment of Board The IAB was created to act in an advisory capacity to the City Council and City Treasurer in matters pertaining to all of the City's investments by the City Council in May 1995 by Resolution #3284. The seven Board members are appointed by a member of the City Council and are as follows: Name Council Member Bob Turicchi, Chair Shirley Dettloff William P. Bernard Tom Harman M c Jon D. Ely Dave Sullivan -rl _ Richard Ganulin Dave Garofalo z Bob Glass Pam Julian Warren Hall Peter Green Robert Winchell Ralph Bauer > -n n G Board Activities C„ c, The meetings of the Board for the fiscal year ended September 30, 1999 were opei to the public as required by Government Code 54950 and held on the following dates in City Hall: October 21, 1998 January 27, 1999 April 21, 1999 July 28, 1999 In addition, a joint study session with the City Council was held on June 7, 1999. The two major activities of the Board consisted of reviewing each monthly investment report and reviewing the City of Huntington Beach Investment Policy annually, prior to their presentation at a City Council meeting. As required under BB Municipal Code 2.110.040(b), the Board has reviewed matters pertaining to the City's investments in the following areas: • Reviewed the annual Investment Policy • Reviewed the Management Letter from the City's independent financial auditor in conjunction with the annual financial audit which includes the investments • Discussed Cash Management and ensured that there was sufficient liquidity to meet the next six month's estimated expenditures. • Reviewed Risk-Return Analysis as it relates to Safety, Liquidity, and Yield • Reviewed Long Term Investments and how cash flow forecasting will enable the City to match investments to budgeted expenditures • Reviewed New Investment Sources, as appropriate • Reviewed Proposed State Legislation impacting the City's Investments • Reviewed any Anticipated Exposure to Loss by looking at liquidity, credit & market value • Reviewed Quarterly Reports prior to them being presented to the City Council • Reviewed Quarterly Compliance with Investment Policy • Monitored Broker-Dealer Selection and performance Based on the information reviewed by the Board during 1999, it appears that the City Treasurer has maintained compliance with all requirements in the City's Investment Policy. Respectfully submitted, Bob Turicchi Chair—Investment Advisory Board xc: Shari L. Freidenrich, City Treasurer � c 7}ens aWs Report-Sher!L Frskkndch,CPA,CCMT CZ) c; TREASURER'S REPORT - o,=rT _D _.. Shari L. Freidenrich, CPA, CCMT November 1, 1999 Slide I Treasurer's Report-Shari L.Freidenrich, CPA,CCMT Investment Objectives • Safety • Liquidity • Yield Slide 2 Treasurer's Report-Shari L.Freidenrich,CPA,CCMT First Objective - Safety Investments Percentages By Quality Ratings AA 13% AAA ated 73% 14% Slide 3 Treasurer's Report-Shari L.Freidenrich,CPA, CCMT Investment Percentages By Type of Investment Federal Agenclea 4B% Banker' acre _ al b P Slide 4 4% Treasurer's Report-Shari L.Freidenrich,CPA, CCMT Investment Balances Trends Annualized Average aily Portfolio Balance (in millions) $90 $65 $80 $75 $70 $65 $60 $55 $50 $45 $40 Sep95 Sep-96 Sep-97 Sep-98 Sep-99 Slide 5 Treasurer's Report-Shari L.Freidenrich,CPA,CCMT Second Objective - Liquidity Investment Maturities by Days, Ending Sept 1998/1999 25°/. 21% 200/6 91 Day 0 0 ®2480 Days 20/0 15/5 0 8% 131 0.5-1 Yr. 15% ® 10 171 -1.5 Yr. 10%/ BAD ■1.5-2Yr. 0 2-3 Yr. 5% ' ®3-4Yr. 0%,A- ❑4-5Yr. 0% 9% 14% 13% 14% 1296 Slide 6 1998 1999 Treasurer's Report-Shari L.Freidenrich,CPA, CCMT General Fund Est. Cash Flow Oct 1999 to Mar 2000 $10,000,000 $6,766,556 ,247,414 $5,000,000 W'�A . $1,025,870 $0 ($5,000,000) 724 305 ($245,635) ($85,985) ($10,000,000) ($15,000,000) ($20,000,000) Oct-09 Nov-08 Dec-09 Jan-00 Feb-00 Mar-00 Slide 7 Treasurer's Report-Shari L.Freidenrich,CPA, CCMT Third Objective - Yield Annual Interest Earnings on Portfolio $4,900,000 700 oao $500,000 $4,500,000 Increase .._ $4,300,000 $4,100,000 $3,900,000 $3,70000,000 $3,5 ,000 $3,300,000 Sep-05 Sep-06 Sep-97 Sep-08 Sep-99 Slide 8 Treasurer's Report-Shari L.Freidenrich, CPA, CCMT Investment Yields Trends 0 LAIF/T-Bill Ave. El Actual = LAW 8.00% 6.93% 7.009'0 579% 6.63%6.07% 6.00% 6.22 6.00% 4.00% 3.00% 2.00% 1.00% 0.00% SOP-98 Mar-99 Jun-99 SOP-99 Slide 9 Treasurer's Report-Shari L.Freidenrich,CPA,CCMT Summary • Investment Advisory Board Annual .Report • Recommendation to City Council Slide 10 CITY OF HUNTINGTON BEACh MEETING DATE: September 7, 1999 DEPARTMENT ID NUMBER: CT 99-11 Council/Agency Meeting Held: 9J.z0j.99 Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied -3)q—j-T City Clerk's Signature Council Meeting Date: September 7, 1999 Department ID Number: CT 99-11 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION 1 SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City Treasure Mor = PREPARED BY: SHARI L. FREIDENRICH, City Treasurer 73 y'-`' � C- 77 SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JULY, 1999 c, INVESTMENT SUMMARY REPORT co 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, 1999 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, 1999, 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 1 Monthly Investment Report and Summary of Investments for July, 1999 . ,3 RCAINVSM.DOC -2- 09/08/99 2:50 PM Monthly Investment Report and Summary Of Investments for July 1999 Attachment 1 City of Huntington Beach Summary of Investment Portfolio Activity for July, 1999 Financial Information: Increase June July (Decrease) End of month City Portfolio Balance $101,823,630 $94,293,386 ($7,530,244) Accrued Interest at Purchase $86,031 $36,646 ($49,385) Interest Earned for Month $448,653 $461,428 $12,775 Earned Interest Yield Average 5.52% 5.47% -0.05% Average Maturity ( in days) 540 575 35 End of Month Market Value $101,295,309 $93,558,159. ($7,737,150) End of month bank cash balance $2,865,557 $3,584,974 $719,417 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $300,000 $461,428 $161,428 Interest Earned Year to Date $3,000,000 $4,107,382 $1,107,382 Earned Interest Yield Year to Date 5.50% 5.62% 0.12% Transaction Summary: Increase June July (Decrease) Number of Securities Purchased 30 19 -11 Number of Securities Matured/Sold 26 20 -6 Summary by Individual Investment: Days Int. July % of Total Policy Limit to Mat. Rate Repurchase Agreements $1,048,000 1% None 1 4.54% Federal Agy Issues - Coupon $37,065,413 39% None 1066 5.75% Local Agency Inv. Fund (LAIF) $23,467,719 25% $40 million 1 5.18% Medium Term Notes $13,828,600 15% 20% 598 5.83% Treasury Securities - Coupon $7,016,064 8% None 787 5.64% Commercial Paper- Disc. $7,967,898 8% 15% 29 5.06% Banker's Acceptances $992,747 1% 25% 51 5.25% Federal Agy Issues -Amort. $2,906,945 _3% None 217 5.31% $94,293,386 100% O City of Huntington Beach _ City Of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary July 31, 1999 Investments Par Market Book %of Days to YTM YTM Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Repurchase Agreements 1,048,000.00 1,048,000.00 1,048,00D.00 1.11 3 1 4.475 4.537 Federal Agency Issues-Coupon 37,105,000.00 36,487,429.90 37,065,412.88 39.31 1,344 1,066 5.669 5.748 Local Agency Investment Funds 23,467,718.57 23,467,718.57 23,467,718.57 24.89 1 1 5.107 5.178 Treasury Securities-Coupon 7,000,000.00 6,990,780.00 7,016,064.06 7.44 1,159 787 5.566 5.643 Medium Term Notes 13,825,000.00 13,699,321.00 13,828,600.26 14.67 1,088 598 5.754 5.834 Bankers Acceptances-Amortizing 1,000,000.00 992,820.00 992,746.67 1.05 83 51 5.181 5.253 Commercial Paper Disc.-Amortizing 8,000,000.00 7,968,310.00 7,967,898.34 8.45 104 29 4.988 5.057 Federal Agency Disc.-Amortizing 3,000,000.00 2,903,780.00 2,906,945.55 3.08 266 217 5.235 5.307 Investments 94,445,718.67 93,658,169.47 94,293,386.33 100.00% 792 676 6.445 6.520 Cash and Accrued Interest Passbook(Checking 0.00 0.00 0.00 0 0 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase 36,646.29 36,646.29 Subtotal 36.64629 36,646.29 Total Cash and Investments 94,446,718.67 93,694,805.76 94,330,032.62 792 676 6A46 6.620 Total Earnings July 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 461,42B.43 4,107,381.54 Current Budget 300,00D.00 3,000,000.00 3,600,000.00 Last Year Actual 413,589.00 3,748;556.00 4,513,758.00 Average Daily Balance 99,349,486.96 87,799,738.68 Effective Rate of Return 6.47% 6.62% 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.21, 1998. A copy of this policy is available at the office of the City Clerk. The investment program herein shown provides sufficient cash flow liquidity to meet the next sb(month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.Kenney pricing services. 01 SH FR E ICH,CITY TREASURER Portfolio CITY AP Run Date:09/0311999-19:48 PM(PRF_PM1)SyrnRept V5.01f City of HB Portfolio Management page 2 Portfolio Details -Investments July 31, 1999 .Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Repurchase Agreements 99-282 Union Bank 07/30/1999 1,048,000.00 1,048,000.00 1.048,000.00 4.475 4.537 1 08/02/1999 Subtotal and Average 921,741.94 11048,000.00 1,048,000.00 11048,000.00 4.637 1 Federal Agency Issues-Coupon DD1143609 2813 Federal Farm Credit Bank 11/20/1997 1,000,000.00 1,001,700.00 1.000,135.71 5.910 AAA 5.898 477 11/20/2000 31331HWT0 2892 Federal Farm Credit Bank 05/03/1999 1,000,000.00 981,410.00 999,173.47 5.250 AAA 5.283 1,004 05/012002 EX1345478 2895 Federal Farm Credit Bank 05/28/1999 1,000,000.00 992,660.00 1,000,000.00 5.260 AAA 5.260 486 11/29/2000 31331HZF7 2907 Federal Farm Credit Bank 07/01/1999 1,000,000.00 997,190.00 998,677.42 6.875 AAA 5.949 701 07/022001 None yet 2799 Federal Home Loan Bank 08/27/1997 1,000,000.00 995,780.00 1,000,000.00 6.500 AAA 6.500 1,122 05272002 3133MIV09 2806 Federal Home Loan Bank 10/16/1997 1,000,000.00 997,660.00 1,000,000.00 6.230 AAA 6.230 806 10/152001 3133M1TC3 2817 Federal Home Loan Bank 12/19/1997 1,000,000.00 1,000,470.00 1,000,104.33 5.8W AAA 5,778 54 0924/1999 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 990,310.00 1,000,000.00 6200 AAA 6.200 1,247 12/30/2002 3133ROU"7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 990,620.00 1.000,000.00 6.215 AAA 6.215 1,255 01/072003 E01010007 2871 Federal Home Loan Bank 03MW1999 1,000,000.00 973,750.00 1,000.000.00 5.390 AAA 5.390 1,131 09/0512002 3133MSQB9 2874 Federal Home Loan Bank 0222/1999 1,000,000.00 952,190.00 990,753.88 5.125 AAA 5.380- 1,506 09/15/2003 3133M7VS2 2876 Federal Home Loan Bank 03/15/1999 1,000.000.00 984,690.00 1,000,000.00 5.330 AAA 5.330 775 09/142001 3133MSBC3 2881 Federal Home Loan Bank 03/31/1999 1,000,000.00 991,090.00 1,004,321.55 6.500 AAA 5.261 743 08/132001 3133MSJ92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 971,250.00 1,002,810.71 5.630 AAA 5.646 1,493 09/022003 3133M4RE5 2883 Federal Home Loan Bank 0301/1999 1,105,0W.00 1,076,689.90 1,110.406.25 5.690 AAA 5.540 1,413 06/192003 3133MBLR3 2889 Federal Home Loan Bank 05/10/1999 1,000,000.00 961,250.00 1,000,000.00 5.625 AAA 5.625 1,744 05/102004 EC1365492 2898 Federal Home Loan Bank 06/07/1999 1,000,000.00 973,750.00 1,000,000.00 6.000 AAA 6.000 1,772 06/072004 E01444214 2903 Federal Home Loan Bank 0628/1999 1,000,000.00 991,720.00 1.000,000.00 6.025 AAA 6.025 1,062 0628/2002 3133RWK6 2906 Federal Home Loan Bank 07/19/1999 1,000,000.00 996,410.00 1,000,000.00 6.250 AAA 6.250 1,083 07/192002 E01258861 2886 Federal Home Loan Mort Corp 0428/1999 1,000,000.00 996,560.00 999,499.86 4.980 AAA 5.050 271 04282000 EC1333136 2894 Federal Home Loan Mort Corp 05/13/1999 1,000.000.00 990,160.00 1,000,000.00 5.480 AAA 5.480 653 05/152001 31364C407 2800 Fed.Neff Mort.Assoc. 08/12/1997 1,000,000.00 992,970.00 995,654.63 6.150 AAA 6.320 1,100 08/05/2002 31364C4P0 2801 Fed.NafI Mort.Assoc. 08/12/1997 1,000,000.00 999,840.00 997,153.93 5.910 AAA 6.221 372 08/072000 31364FLJB 2818 Fed.Nat'l Mort.Assoc. 1226/1997 1,000,0W.00 987,190.00 1,000,000.00 6.150 AAA 6.150 1,243 12262002 31364FNB3 2825 Fed.NafI Mort.Assoc. 01/14/1998 1,000,000.00 981,560.00 1,000,000.00 6.010 AAA 6.010 1,262 01/142003 DD1152733 2826 Fed.NafI Mort.Assoc. 01/14/1998 1,000,000.00 981,560.00 1,000,000.00 6.010 AAA 6.010 1,262 01/142003 2846 Fed.Na41 Mort.Assoc. 05/21/1998 1,000,000.00 980,940.00 1,000,000.00 6.030 AAA 6.030 1,383 05/15/2003 31364FXSS 2853 Fed.Natl Mort.Assoc. 0721/1998 1,000,000.00 976,870.00 998,505.82 6.010 AAA 6.083 1,439 07/102003 ECMIS45 2856 Fed.Natl Mort.Assoc. 1029/1998 1,000,000.00 977,340.00 999,766.20 5.000 AAA 5.011 820 10292001 31364GGH6 2859 Fed.Natl Mort.Assoc. 11/13/1998 1,000,000.00 9S6,090.00 998,929.17 5.270 AAA S.299 1,565 11/1312003 31364GPI39 2866 Fed.Natl Mort.Assoc. 01/13/1999 1,000,000.00 986.090.00 1,000,000.00 5.260 AAA 5.260 712 07/132001 31364GEEM7 2884 Fed.Natl Mort.Assoc. 03/31/1999 1,000,000.00 948,420.00 976,236.38 5.120 AAA 5.758 1,555 11/032003 Portfolio CITY AP Run Date:09/03MM-19:38 PM(PRF_PM?)SymRept V5.01f City of HB Portfolio Management Page 3 Portfolio Details -Investments July 31, 1999 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 30 Maturity Dom. Federal Agency Issues-Coupon 31364QZA0 2885 Fed.NafI Mort.Assoc. 04/20/1999 1,000,000.00 972,030.00 1,000,000.00 5.910 AAA 6.909 1,692 03/19/2004 31364QM63 2890 Fed.Nat'I Mort.Assoc. 05/05(1999 1,000,000.00 967,040.00 1,000,000.00 5.780 AAA 5.780 1,739 05M&2004 31364F2M2 2893 Fed.Nafl Mort.Assoc. OW07/1999 2,000,000.00 1,997.180.00 2,007,253.87 5.560 AAA 5.166 358 07/24/2000 313640093 2905 Fed.NafI Mort.Assoc. 06/11/1999 1,000,000.00 975,000.00 986,029.70 6.000 AAA 6.343 1,751 05/17/2004 Subtotal and Average 37,805,857.96 37,105,000.00 36,4WAM.90 37,065,412.88 5.748 1,066 Local Agency Investment Funds 982 Laif City 5,760,183.04 5,760.183.04 5,760,183.04 5.178 NR 5.178 1 2206 LAIF-Redevelopment Agency 17,707,535.53 17,707,535.53 17,707,535.53 5.178 NR 5.178 1 Subtotal and Average 27AW,26217 MAV,71&57 23,497,71&57 23AV,71&67 6.178 1 Treasury Securities-Coupon 9128274N9 2896 U.S.Government Trees.Note 05/13/1999 1,000,000.00 977,970.00 993,478.70 5.250 AAA 5.431 1,475 OW15/2003 9128273C4 2897 U.S.Government Treas.Note 05/17/1999 1,000,000.00 1,006.560.00 1,014,464.80 6.000 AAA 5.464 1,095 07/31/2002 912827Z39 2783 UNITED STATES TREASURY 03/17/1997 1,000,000.00 1.015,940.00 999,853.92 6.500 AAA 6.507 761 08/31/2001 912827V66 2819 UNITED STATES TREASURY 12/10/1997 1,000,000.00 1,003,280.00 998,985.71 5.750 AAA 5.837 457 10/31/2000 912827Z96 2843 UNITED STATES TREASURY 04/29/1995 1,000,000.00 1,002.190.00 1,000,527.65 6.875 AAA 5.680 106 11/15/1999 US9128273444 2854 UNITED STATES TREASURY 07/31/1998 1,000,000.00 1,001,250.00 999,479.17 5.375 AAA 5.485 183 01/31/2000 9128274K5 2875 UNITED STATES TREASURY 0222/1999 1,000,000.00 983,590.00 1,009,274.11 5.375 AAA 5.106 1,429 06/30/Z003 Subtotal and Average 7,016,289.06 7,000,000.00 6,990,780.00 7,016,064.06 5.643 787 Medium Term Notes 02687OW4 2839 American IM'I Group(AIG) 03/30/1998 1,000,000.00 998,710.00 1,000,263.32 5.750 Aaa 5.716 239 03272000 046003EL9 2830 Associated Corp. 0129/1998 1,000,000.00 1,000,910.00 1,001,511.31 6.000 AA3 SAW 319 06/152000 046003JP5 2857 Associated Corp. 11/06/1998 1,000,000.00 984,440.00 1.006,129.61 5.875 AA3 5.640 1,079 07115-AM 05943PAES 2809 Banc One Corp. 10/14/1997 1,000,000.00 998,710.00 1,001,842.82 6.250 AA. 6.060 397 09/012000 06651PAA1 2872 Bank United 02/17/1999 1,000,000.00 943,690.00 988,348.78 5.400 Aaa 5.700 1,646 02/022004 2840 General Electric Capital Corp 04/03/1998 1,000,000.00 1,001,160.00 1,000,270.00 5.840 Aaa 5.799 242 03/30/2000 2841 General Electric Capital Corp 04/06/1998 1,000,000.00 996,200.00 1.000,186.67 5.920 Aaa 5.909 611 04/03/2001. 6168TYBU0 2808 JP Morgan 10/02/1997 1,000,000.00 998,730.00 999,789.50 6.125 AA 6.145 428 10/022000 58013SCA7 2851 McDonald's 06/30/1998 1,000,000.00 988,330.00 1,001,257.96 6.000 AA2 5.950 1,057 06/232002 66938HABS 2805 Norwest Financial,Inc. 10/01/1997 2,000,000.00 2,002,780.00 2,000,937.50 6.375 AA3 5.977 61 10/01/1999 84534ECS4 2827 Southwestern Bell 01/12/1995 1,000,000.00 971,980.00 996,423.50 5.730 AA3 5.858 1,177 10212002 892332AF4 2858 Toyota Motor Credit 11/09/1998 500,000.00 491,740.00 502,682.49 5.500 AA1 5.222 778 09/172001 892332AF4 2860 Toyota Motor Credit 11/25/1998 325,000.00 319,631.00 326,131.59 5.500 AA1 5.318 778 09/172001 894190AK3 2838 Cidgroup 0327/1998 1,000,000.00 1,002,310.00 1,002,825.21 6.125 Aa3 5.770 319 06/152000 Portfolio CITY AP Run Dat®:09/03/1999-19:38 PM(PRF_PM2)SyrnRept V5.01f City of HB Portfolio Management Page 4 Portfolio Details -Investments July 31, 1999 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 13,829,131.98 13,825,000.W 13,899,321.W 13,828,600.26 SAN lin Bankers Acceptances-Amortizing PP500PJC2 2911 First Union National 06/30/1999 1,000,000.00 992,820.00 992,746.67 5.120 A1P1 5.253 51 09/21/1999 Subtotal and Average 990,613.34 1,000,000.00 992,82D.00 992,746.67 5.253 61 Cornmerclal Paper Disc.,Amortizing 22550KVG8 2W7 Credit Suisse First Boston 04/20/1999 1,000,000.00 998,030.00 997,996.83 4.810 A1+ 4.955 15 08/16/1999 22550KVL7 28M Credit Suisse First Boston 0420/1999 1,000,000.00 997,470.00 997,461.39 4.810 A1+ 4,958 19 08/20/1999 22540KVTO 2899 Credit Suisse First Boston 0525/1999 1,000,000.00 996,450.00 996,490.00 4.8W A1+ 4.991 26 0827/1999 2944E1VP7 2900 Equilon Enterprise 0527/1999 1,000,000.00 997,040.00 997,030.00 4.860 A-1+ 4.987 22 08/23/1999 2944E1WD7 2909 Equilon Enterprise 06/30/1999 1,0m,000.00 994,090.00 993,812.78 5.180 A-1+ 5.309 43 09/13/1999 36959JWL3 2879 General Electric Capital Corp 03/23/1999 1.W0,000.00 993,090.00 993,305.56 4.820 Aaa 5.008 50 0920/1999 81782KVDB 2901 Southland Corp(7-11) 0527/1999 1,000,000.00 998,450.00 998,383.33 4.850 Al 4.970 12 08/13/1999 85462OWG4 2910 Stanley Works 06/30/1999 1,000,000.W 993,660.00 993,419.45 5.150 Al 5.280 46 09/16/19" Subtotal and Average SAU,924.14 8,000,00D.00 7,111W310.00 7,967,898.34 5.057 29 Federal Agency Disc.,Amortizing 313384WZB 2902 Federal Home Loan Bank 0528/1999 1,000,000.00 957,230.00 960,068.33 4.940 AAA 5.289 291 05/182000 31339SYLl 2908 Federal Home Loan Mort Corp 06WI999 1,000,W0.00 951,970.00 952,277.22 5.270 AAA 5.658 326 06/222000 313588LN3 2904 Fed.Nat'l Mort.Assoc. 06/10/1999 1,000,000.00 994,580.00 994,600.00 4.860 AAA 4.989 40 09/10/1999 Subtotal and Average 2,900,666.39 3,000,000.W 2,903,780.W 2,906,945.55 6.307 217 Total Investments and Average 99,349A86.96 94,445,718.57 93,56A159A7 94,293,386.33 5.620 675 Portfolio CITY AP Run Date:09/0311999-19:38 PM(PRF_PM2)SymRept V5.01r City of HB Portfolio Management Page 6 Portfolio Details -Cash July 31, 1999 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Accrued Interest at Purchase 36.646.29 36,646.29 Sul l 36,64629 36,64629 Total Cash and Investments 99,349AM96 94,445,718.57 93,594,805.76 94,330,03Z62 5.620 675 Portfolio CITY AP Run Date:09/03/1999-19:38 PM(PRF_PM2)SymRept V5.01f City of HB Portfolio Management Page 6Investment Activity By Type July 1, 1999 through July 31, 1999 Stated Transaction Purchases Sales/Maturltles CUSIP Investment Of Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 99-266 Union Bank 5.225 07/01/1999 0.00 1,025,000.00 99-267 Union Bank 4.975 07/01/1999 242,000.00 0.00 99-267 07/02/1999 0.00 242,000.W W268 Union Bank 4.350 07/06/1999 484,000.00 0.00 99-268 07/07/1999 0.00 484,000.00 99-269 Union Bank 4.288 07/07/1999 431,000.00 0.00 99-269 07/08/1999 0.00 431,000.00 99-270 Union Bank 4.288 07/08/1999 401,000.00 0.00 99-270 07/09/1999 0.00 401,000.00 99-271 Union Bank 4.288 07/09/1999 1,213,000.00 0.00 99-271 07/12/1999 0.00 1,213,000.00 99-272 Union Bank 4.350 07/12/1999 1,348,000.00 0.00 99-272 07/13/1999 0.00 1,348,000.00 99-273 Union Bank 4.288 07/13/1999 1,342,000.00 0.00 99-273 07/14/1999 0.00 1.342,000.00 99-274 Union Bank 4.350 07/14/1999 2,593,000.00 0.00 99-274 07/15/1999 0.00 2,593,000.00 99-275 Union Bank 4.475 07/15/1999 2,672,000.00 0.00 99-276 07/16/1999 0.00 2,672,000.00 99-276 Union Bank 4.350 07/23/1999 879,0D0.00 0.00 99-276 07/26/1999 0.00 $79,000.00 99-277 Union Bank 4.413 07/2611M 1,391,000.00 0.00 99-277 07/27/1999 0.00 1,391,000.00 99-278 Union Bank 4.288 07/16/1999 1,749,D00.00 0.00 99-278 07/19/19M 0.00 1,749,000.00 99-279 Union Bank 4.350 07/19/1999 289,000.00 0.00 99-279 07/20/1999 0.00 289,000.00 99-280 Union Bank 4.288 07/27/1999 $99,000.00 0.00 99-250 07/28/1999 0.00 899,000.00 99-281 Union Bank 4.288 07/28/1999 1,403,000.00 0.00 99-281 07/29/1999 0.00 1,403,000.00 99-282 Union Bank 4.475 07/30/1999 1,048,D00.00 0.00 99-283 Union Bank 4.413 07/29/1999 1,460,000.00 0.00 99-283 07/30/1999 0.00 1.460,000.00 Subtotal 19,844,00D.00 19,821,000.00 1,048,000.00 Portfolio CITY AP Run Date:09=1 999-19:38 PM(PRF PM3)SymRept V5.01f City of H B Portfolio Management Page 7 Investment Activity By Type July 1, 1999 through July 31, 1999 Stated Transaction Purchases Sales/Matudtles CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331 HZF7 2907 Federal Farm Credit Bank 5.875 07/01/1999 998,620.00 0.00 2798 Federal Home Loan Bank 5.955 07/08/1999 0.00 2,000,000.00 3133NWK6 2906 Federal Home Loan Bank 6.250 07/19/1999 1,000,000.00 0.00 3134A1XF2 2803 Federal Home Loan Mort Corp 6.090 07/28/1999 0.00 998,615.06 Subtotal 1,998,620.00 2,998,615.06 37,065,412.88 Local Agency Investment Funds (Monthly Summary) 982 Laif City 5.178 95,897.77 0.00 2206- LAW-Redevelopment Agency 5.178 2,299,898.54 8.000.000.00 Subtotal 2,395,796.31 8,000,000.00 23,467,718.67 Treasury Securities-Coupon Subtotal 7,016,WA.06 Medium Term Notes Subtotal 13,828,600.26 Bankers Acceptances-Amortizing Subtotal 99Z746.67 Commercial Paper Disc.-Amortizing 617454UGO 2878 Morgan Stanley Dean Witter 4.820 07/16/1999 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 7,967,898.34 Federal Agency Disc.-Amortizing Subtotal $9061946.56 Total 24,236,416.31 31,819,616.06 94,293,386.33 Portfolio CITY AP Run Date:09/03/1999-19:38 PM(PRF PM3)SyrnRept V5.01f State. of California Pooled Money Investment Account Market Valuation 4/30/99 !Me` � United States Treasury: Bills $ 2,744,880,253.73 $ 2,807,446,322.28 NA Notes $ 4,026,408,170.13 $ 4,034,394,000.00 $ 52,176,731.25 Federal Agency: Bonds $ 2,982,922,222.12 $ 2,977,369,607.55 $ 40,327,051.52 Floaters $ 170,000,000.00 $ 169,986,000.00 $ 1,777,581.90 MBS $ 56,778,610.00 $ 57,643,335.52 $ 333,315.94 GNMA $ 1,840,286.43 $ . 2,088,096.25 $ 18,198.94 SBA $ 285,717,664.86 $ 286,045,019.61 $ 2,535,688.92 FHLMC PC $ 17,379,675.67 $ 18,431,509.09 $ 278,987.18 Discount Notes $ 4,028,832,187.30 $ 4,108,842,736.95 NA Bankers Acceptances $ 11,735,506.67 $ _ 11,918,060.00 NA Corporate: Bonds $ 984,094,037.22 $ 981,781,078.61 $ 11,034,036.64 Floaters $ 1,102,897,019.66 $ 1,105,138,419.00 $ 7,018,461.74 CDs $ 6,578,751,696.05 $ 6,571,278,457.19 $ 76,875,028.49 Bank Notes $ 1,243,082,978.52 $ 1,243,092,248.06 $ 18,876,715.29 Repurchase Agreements NA NA NA Time Deposits $ 2,115,545,000.00 $ 2,115,545,000.00' NA AB 55 &GF Loans $ 2,461,065,015.67 $ 2,461,065,015.67 NA Commercial Paper $ 10,159,795,331.42 $ 10,220,818,517.52 NA Reverse Repurchase $ 1,046,860,000.00 $ 1,046,860,000.00 $ 4,573,426.33) TOTAL $ 37,924,865,655.45 $ 38,126,023,423.30 $ 206,678,371.48 Fair Value Including Accrued Interest $ 38,332,701,794.78 Repurchase Agreements,Time Deposits,AB 55&General Fund loans,and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). RECEIVED 1 CITY CLERK CITY OF HUNTINGTON BEACH.CA Treasurer's Report - Shari L. Freidenrich, CPA lggq JUN 21 A $ 11 M M al mg lit! TREASURER' S REPORT ..... I. Imaiiiiii h: r, ........1411! .......... . ................................................... v s ^� 1 ' fliNtl .. Shari L . Freidenrich , CPA June 21 , 1999 Treasurer's Report - Shari L. Freidenrich, CPA Apil 99 Investment Summary --:-- --- - --_----- `_-- Financial Information: ;'. March April Inc(Dec) i End of month City Portfolio Balance $85,599,788 1 $93,511 ,190 $7,911,402 Average Maturity ( in da ) ; 541 ; 491 -50 -------- ------- - --- -- i--------------- -------_-�-_�_ End of Month Market Value ? $85,702,993 1 $93,547,016 $7,844,023 YTD Average Dail Balance ? -------._--_.__.---_---__.9.__.__.___. Y-________________________. ------_-------__-.-- _---.__.'___ 82,138,753 $83,234224 $1 ,095471 Comparison to Budget: Budget Actual ; Inc(Dec) ~ Interest Earned for Month ��-$300,000_! 410 822 $110 822 Interest Earned Year to Date $2,1 L 00,000 $2,752,721 $6521721 Earned Interest Yield Year to Date 5.50%! 5.69% 0.19% Summary by Individual Investment: Days Int. April % of Total PolicyLimit to Mat Rate Repurchase Agreements _ _ $4_102,000 1 4/o I None 1 4.41 /o _ Federal Agy Issues _Coupon $32 071 354 34% —rt-- None 1010 5.92% _Local Agency Inv. Fund (LAIF) $29,571 ,922 i _31% _ $40 Million 1 5.12% Medium Term Notes ; $13,832,011 j 15 /° 20 /0 690 5.83 /o Commercial Paper $8,925,211 10% -- p i 15% 62 4.94% ---- - --- .. --.._ _ o.... _._. . ..I _.. -—------ - o- _Treasury Securities_ $5,008,692 _ 6 /o _ _ None _ 681 5.72 /° Total _ _ �_- — - 1 $93,511 ,190 j 100% __ �99 Council/Agency Meeting Held: Deferred/Continued to: ❑ proved Con itionally Approved ❑ Denied 'b5p w ty ,s Signature Council Meeting Date: May 3, 1999 Department ID Number: CT 99-05 &ry T A&-t4d".x Juee- xel.A olive. Me cocc.ee-noAl %eneV L'aN ZLITY OF HUNTINGTON BEACH 00AAe5 o»vene� eJ o",-? me /� . Jiv ret of /i9 9�theG', "` AEQUEST FOR COUNCIL ACTION y Pi 64V 71pema p^-i Ee. MAYAC 6Reew#-%tira rwx U'7Y 77WRsdR ems, 7a MAre Co jjS of ;?yS CliK.te4.Vm&"ce- lVWL t&C, 7a COOIMA 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 MARCH, 1999 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status, Attachment(s) Statement of Issue: Review and accept the monthly investment report for March, 1999 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, 1999, 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 1 Monthly Investment Report and Summary of Investments for March, 1999 City of Huntington Beach Summary of Investment Portfolio Activity for March, 1999 Financial Information: Increase February March (Decrease) End of month City Portfolio Balance $84,099,214 $85,599,788 $1,500,573 Accrued Interest at Purchase $40,231 $60,994 $20,763 Interest Earned for Month $381,127 $397,488 $16,360 Earned Interest Yield Average 5.84% 5.54% -0.30% Average Maturity ( in days) 500 541 41 End of Month Market Value $84,112,186 $85,702,993 $1,590,807 End of month bank cash balance $3,417,700 $2,834,575 ($583,125) Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $300,000 $397,488 $97,488 Interest Earned Year to Date $1,800,000 $2,342,775 $542,775 Earned Interest Yield Year to Date 5.50% 5.72% 0.22% Transaction Summary: Increase February March (Decrease) Number of Securities Purchased 22 31 9 Number of Securities Matured/Sold 22 28 6 Summary by Individual Investment: Days Int. March % of Total Policy Limit to Mat. Rate Repurchase Agreements $1,065,000 1% None 1 4.54% Federal Agy Issues - Coupon $31,071,098 36% None 1037 5.95% Local Agency Inv. Fund (LAIF) $27,689,760 33% $40 million 1 5.14% Medium Term Notes $13,833,148 16% 20% 720 5.83% Treasury Securities - Coupon $5,008,878 6% None 711 5.72% Commercial Paper- Disc. $4,936,654 6% 15% 94 4.96% Bankers Acceptances $1,995,250 2% 25% 18 4.85% $85,599,788 100% © City of Huntington Beach City Of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary March 31, 1999 Par Market Book %of Days to YTM 360 YTM 365 Investments Value Value Value Portfolio Term Maturity Equiv. Equiv. Repurchase Agreements 1,065,000.00 1,065,000.00 1,065,000.00 1.24 1 0 4.475 4.537 Federal Agency Issues-Coupon 31,105,000.00 31,093,909.90 31,071,098.17 36.30 1,425 1,037 5.866 5.948 Local Agency Investment Funds 27,689,760.27 27,689,760.27 27,689,760.27 32.35 1 1 5.066 5.136 Treasury Securities-Coupon 5,000,000.00 5,059,690.00 5,008,878.22 5.85 1,078 711 5.643 5.722 Medium Term Notes 13,825,000.00 13,862,882.50 13,833,147.39 16.16 1,087 720 5.754 5:834 Bankers Acceptances-Amortizing 2,000,000.00 1,995,160.00 1,995,250.00 2.33 59 18 4.787 4.854 Commercial Paper Disc.-Amortizing 5,000,000.00 4,936,590.00 4,936,653.61 5.77 114 94 4.893 4.961 Total Investments and Averages 85,684,760.27 85,702,992.67 85,599,787.66 100.00% 764 541 5.477 5.553 Cash Passbook/Checking 0.00 0.00 0.00 0 0 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase 60,993.64 60,993.64 Total Cash and Purchase Interest 60,993.64 60,993.64 Total Cash and Investments 85,684,760.27 85,763,986.31 85,660,781.30 764 541 5.477 5.553 Total Earnings March 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 397,487.52 2,342,775.26 Current Budget 300,000.00 1,800,000.00 3,600,000.00 Last Year Actual 368,775.00 2,107,807.00 4,513,758.00 Average Daily Balance 84,419,286.15 82,138,753.13 Effective Rate of Return 5.540/6 5.72% q9 SHARI L F IDENRICH Date I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all CITY TREASURER State laws and the investment policy statement filed with the City Council on Dec.21,1998. 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. Portfolio CITY AP Run Date:04/20/1999-12:15 PM(PRF_PM1)SyrnRept V5.00il Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments March 31, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equiv. Maturity Date Repurchase Agreements 99-206 Union Bank 03/31/1999 1,065,000.00 1,065,000.00 1,065,000.00 4.475 4.537 0 04/01/1999 Subtotal and Average 942,548.39 1,065,000.00 1,065,000.00 1,065,000.00 4.537 0 Federal Agency Issues-Coupon DD1143609 2813 FEDERAL FARM CREDIT BANK 11/20/1997 1,000,000.00 1,010,600.00 1,000,170.43 5.910 AAA 5.898 599 11/20/2000 2798 Federal Home Loan Bank 08/08/1997 2,000,000.00 2,005,000.00 2,000,000.00 5.955 AAA 5.955 98 07/08/1999 None yet 2799 Federal Home Loan Bank 08/27/1997 1,000,000.00 1,004,530.00 1,000,000.00 6.500 AAA 6.500 1,244 08/27/2002 3133M1VQ9 2806 Federal Home Loan Bank 10/15/1997 1,000,000.00 1,004,530.00 1,000,000.00 6.230 AAA 6.230 928 10/15/2001 3133M1TC3 2817 Federal Home Loan Bank 12/19/1997 1,000,000.00 1,004,370.00 1,000,340.55 5.860 AAA 5.778 176 09/24/1999 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 1,002,810.00 1,000,000.00 6.200 AAA 6.200 1,369 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 1,003,120.00 1,000,000.00 6.215 AAA 6.215 1,377 01/07/2003 3133M3A70 2850 Federal Home Loan Bank 06/12/1998 1,000,000.00 1,000,000.00 1,000,000.00 6.000 AAA 5.997 1,096 04/01/2002 EC1010007 2871 Federal Home Loan Bank 03/05/1999 1,000,000.00 991,880.00 1,000,000.00 5.390 AAA 5.390 1,253 09/05/2002 3133M5089 2874 Federal Home Loan Bank 02/22/1999 1,000,000.00 983,130.00 990,006.21 5.125 AAA 5.380 1,628 09/15/2003 3133M7VS2 2876 Federal Home Loan Bank 03/15/1999 1,000,000.00 998,440.00 1,000,000.00 5.330 AAA 5.330 897 09/14/2001 3133M5BC3 2881 Federal Home Loan Bank 03/31/1999 1,000,000.00 1,004,060.00 1,005,030.00 5.500 AAA 5.261 865 08/13/2001 3133M5J92 2882 Federal Home Loan Bank 03/31/1999 1,000,000.00 999,220.00 1,003,040.00 5.630 AAA 5.546 1,615 09/02/2003 3133M4RE5 2883 Federal Home Loan Bank 03/31/1999 1,105,000.00 1,109,839.90 1,110,870.31 5.690 AAA 5.540 1,540 06/19/2003 3134AOJ86 2760 Federal Home Loan Mort Corp 05/17/1996 2,000,000.00 2,004,680.00 2,000,000.00 6.990 AAA 6.990 777 05/17/2001 3134A1XF2 2803 Federal Home Loan Mort Corp 08/22/1997 1,000,000.00 1,002,810.00 999,317.08 6.090 AAA 6.242 484 07/28/2000 31364C-FA-1 2765 Fed.Nat'l Mort.Assoc. 06/24/1996 1,000,000.00 1,004,530.00 1,000,000.00 7.070 AAA 7.070 816 06/25/2001 31364C4137 2800 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,017,660.00 995,173.59 6.150 AAA 6.320 1,222 08/05/2002 31364C4P0 2801 Fed.Nat'I Mort.Assoc. 08/12/1997 1,000,000.00 1,007,500.00 996,220.79 5.910 AAA 6.221 494 08/07/2000 31364FLJ8 2818 Fed.Nat'l Mort.Assoc. 12/26/1997 1,000,000.00 1,004,840.00 1,000,000.00 6.150 AAA 6.150 1,365 12/26/2002 31364FNB3 2825 Fed.Nat'l Mort.Assoc. 01/14/1998 1,000,000.00 996,250.00 1,000,000.00 6.010 AAA 6.010 1,384 01/14/2003 DD1152733 2826 Fed.Nat'l Mort.Assoc. 01/14/1998 1,000,000.00 996,250.00 1,000,000.00 6.010 AAA 6.010 1,384 01/14/2003 2846 Fed.Nat'l Mort.Assoc. 05/21/1998 1,000,000.00 1,001,720.00 1,000,000.00 6.030 AAA 6.030 1,505 05/15/2003 31364FN49 2848 Fed.Nat'l Mort.Assoc. 06/05/1998 1,000,000.00 1,000,780.00 1,000,000.00 5.800 AAA 5.800 433 06/07/2000 31364FX55 2853 Fed.Nat'l Mort.Assoc. 07/21/1998 1,000,000.00 995,470.00 997,976.90 6.010 AAA 6.083 1,561 07/10/2003 EC0581545 2856 Fed.Nat'l Mort.Assoc. 10/29/1998 1,000,000.00 988,910.00 999,731.48 5.000 AAA 5.011 942 10/29/2001 31364GGH6 2859 Fed.Nat'l Mort.Assoc. 11/13/1998 1,000,000.00 980,780.00 998,845.83 5.270 AAA 5.299 1,687 11/13/2003 31364GPB9 2866 Fed.Nat'l Mort.Assoc. 01/13/1999 1,000,000.00 995,780.00 1,000,000.00 5.260 AAA 5.260 834 07/13/2001 31364GEEM7 2884 Fed.Nat'l Mort.Assoc. 03/31/1999 1,000,000.00 974,420.00 974,375.00 5.120 AAA 5.758 1,677 11/03/2003 Subtotal and Average 30,397,988.05 31,105,000.00 31,093,909.90 31,071,098.17 5.948 1,037 Portfolio CITY AP Run Date:04/20/1999-12:15 PM(PRF_PM2)SymRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments March 31, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equiv. Maturity Date Local Agency Investment Funds 982 Laif City 9,034,815.90 9,034,815.90 9,034,815.90 5.136 NR 5.136 1 2206 LAIF-Redevelopment Agency 18,654,944.37 18,654,944.37 18,654,944.37 5.136 NR 5.136 1 Subtotal and Average 29,431,695.75 27,689,760.27 27,689,760.27 27,689,760.27 5.136 1 Treasury Securities-Coupon 912827Z39 2783 UNITED STATES TREASURY 03/17/1997 1,000,000.00 1,031,870.00 999,830.51 6.500 AAA 6.507 883 08/31/2001 912827V66 2819 UNITED STATES TREASURY 12/10/1997 1,000,000.00 1,010,940.00 998,714.93 5.750 AAA 5.837 579 10/31/2000 912827Z96 2843 UNITED STATES TREASURY 04/29/1998 1,000,000.00 1,006,720.00 1,001.134.96 5.875 AAA 5.680 228 11/15/1999 US9128273444 2854 UNITED STATES TREASURY 07/31/1998 1,000,000.00 1,003,910.00 999,131.94 5.375 AAA 5.485 305 01/31/2000 91282741<5 2875 UNITED STATES TREASURY 02/22/1999 1,000,000.00 1,006,250.00 1,010,065.88 5.375 AAA 5.106 1,551 06/30/2003 Subtotal and Average 5,008,971.37 5,000,000.00 5,059,690.00 5,008,878.22 5.722 711 Medium Term Notes 02687OAK4 2839 American Int'I Group(AIG) 03/30/1998 1,000,000.00 1,001,160.00 1,000,397.21 5.750 Aaa 5.716 361 03/27/2000 046003EL9 2830 Associated Corp. 01/29/1998 1,000,000.00 1,006,030.00 1,002,088.88 6.000 AA3 5.808 441 06/15/2000 046003JP5 2857 Associated Corp. 11/06/1998 1,000,000.00 1,002,250.00 1,006,820.92 5.875 AA3 5.640 1,201 07/15/2002 05943FAE5 2809 Banc One Corp. 10/14/1997 1,000,000.00 1,008,040.00 1,002,409.84 6.250 AA- 6.060 519 09/01/2000 06651PAA1 2872 Bank United 02/17/1999 1,000,000.00 977,610.00 987.486.26 5.400 Aaa 5.700 1,768 02/02/2004 2840 General Electric Capital Corp 04/03/1998 1,000,000.00 1,004,840.00 1,000,405.56 5.840 Aaa 5.799 364 03/30/2000 2841 General Electric Capital Corp 04/06/1998 1,000,000.00 1,009,310.00 1,000,223.88 5.920 Aaa 5.909 733 04/03/2001 61687YBU0 2808 JP Morgan 10/02/1997 1,000,000.00 1,006,120.00 999,729.50 6.125 AA 6.145 550 10/02/2000 580135CA7 2851 McDonald's 06/30/1998 1.000,000.00 1,011,770.00 1,001,402.83 6.000 AA2 5.950 1,179 06/23/2002 66938HABO 2805 Norwest Financial,Inc. 10/01/1997 2,000,000.00 2.011,440.00 2,002,812.50 6.375 AA3 5.977 183 10/01/1999 84534ECS4 2827 Southwestern Bell 01/12/1998 1,000,000.00 994,750.00 996,053.52 5.730 AA3 5.858 1,299 10/21/2002 892332AF4 2858 Toyota Motor Credit 11/09/1998 500,000.00 499,250.00 503,102.72 5.500 AA1 5.222 900 09/17/2001 892332AF4 2860 Toyota Motor Credit 11/25/1998 325,000.00 324,512.50 326,308.86 5.500 AA1 5.318 900 09/17/2001 894190AK3 2838 Citigroup 03/27/1998 1,000,000.00 1,005,800.00 1,003,904.91 6.125 Aa3 5.770 441 06/15/2000 Subtotal and Average 13,833,679.11 13,825,000.00 13,862,882.50 13,833,147.39 5.834 720 Bankers Acceptances-Amortizing PP500GH67 2873 Chase Manhattan Bank 02/19/1999 2,000,000.00 1,995,160.00 1,995,250.00 4.750 P-1 4.854 18 04/19/1999 Subtotal and Average 2,442,725.81 2,000,000.00 1,995,160.00 1,995,250.00 4.854 18 Commercial Paper Disc.-Amortizing 36959JWL3 2879 General Electric Capital Corp 03/23/1999 1,000,000.00 976,970.00 976,971.11 4.820 Aaa 5.008 172 09/20/1999 61745BTJ6 2877 Morgan Stanley Dean Witter 03/23/1999 1,000,000.00 989,540.00 989,535.00 4.830 Al pi 4.955 78 06/18/1999 Portfolio CITY AP Run Date:04/20/1999-12:15 PM(PRF_PM2)SymRept VS.00jt City of HB Portfolio Management Page 4 Portfolio Details - Investments March 31, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equiv. Maturity Date Commercial Paper Disc.-Amortizing 61745BUGO 2878 Morgan Stanley Dean Witter 03/23/1999 1,000,000.00 985,780.00 985,807.78 4.820 Al P1 4.963 106 07/16/1999 81989DTB2 2880 Sharp Electronics Corp. 03/23/1999 1,000,000.00 990,470.00 990,434.72 4.850 P-1 4.971 71 06/11/1999 85462DSH7 2869 Stanley Works 01/29/1999 1,000,000.00 993,830.00 993,905.00 4.770 Al 4.906 46 05/17/1999 Subtotal and Average 2,361,677.66 5,000,000.00 4,936,590.00 4,936,653.61 4.961 94 Total Investments and Average 84,419,286.15 85,684,760.27 85,702,992.67 85,599,787.66 5.553 541 Portfolio CITY AP Run Date:04/20/1999-12:15 PM(PRF_PM2)SyrrRept V5.00j1 City of HB Portfolio Management Investment Activity BY Type e Page s March 1, 1999 through March 31, 1999 Stated Transaction Purchases Sales/Maturities CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 99-186 Union Bank 4.225 03/01/1999 0.00 1,117,000.00 99-187 Union Bank 4.350 03/01/1999 876,000.00 0.00 99-187 03/02/1999 0.00 876,000.00 99-188 Union Bank 4.163 03/02/1999 1,131,000.00 0.00 99-188 03/03/1999 0.00 1,131,000.00 99-189 Union Bank 4.100 03/03/1999 1,388,000.00 0.00 99-189 03/04/1999 0.00 1,388,000.00 99-190 Union Bank 4.038 03/04/1999 1,387,000.00 0.00 99-190 03/05/1999 0.00 1,387,000.00 99-191 Union Bank 4.038 03/05/1999 667,000.00 0.00 99-191 03/08/1999 0.00 667,000.00 99-193 Union Bank 4.100 03/09/1999 813,000.00 0.00 99-193 03/10/1999 0.00 813,000.00 99-194 Union Bank 4.100 03/10/1999 1,208,000.00 0.00 99-194 03/11/1999 0.00 1,208,000.00 99-195 Union Bank 4.100 03/11/1999 1,178,000.00 0.00 99-195 03/12/1999 0.00 1,178,000.00 99-1952 Union Bank 4.163 03/08/1999 1,847,000.00 0.00 99-1952 03/09/1999 0.00 1,847,000.00 99-196 Union Bank 4.100 03/12/1999 961,000.00 0.00 99-196 03/15/1999 0.00 961,000.00 99-197 Union Bank 4.288 03/15/1999 1,256,000.00 0.00 99-197 03/16/1999 0.00 1,256,000.00 99-198 Union Bank 4.100 03/16/1999 1,037,000.00 0.00 99-198 03/17/1999 0.00 1,037,000.00 99-199 Union Bank 4.038 03/17/1999 1,781,000.00 0.00 99-199 03/18/1999 0.00 1,781,000.00 99-200 Union Bank 4.038 03/18/1999 382,000.00 0.00 99-200 03/19/1999 0.00 382,000.00 99-201 Union Bank 3.975 03/19/1999 590,000.00 0.00 99-201 03/22/1999 0.00 590,000.00 99-202 Union Bank 4.100 03/22/1999 808,000.00 0.00 99-202 03/23/1999 0.00 808,000.00 99-203 Union Bank 4.163 03/25/1999 489,000.00 0.00 99-203 03/26/1999 0.00 489,000.00 99-204 Union Bank 4.225 03/26/1999 907,000.00 0.00 Portfolio CITY AP Run Date:04/20/1999-12:15 PM(PRF_PM3)SyrnRept V5.00jl Report Ver.5.00 City of HB Portfolio Management Investment Activity By Type Page 6 March 1, 1999 through March 31, 1999 Stated Transaction Purchases Sales/Maturities CUSIP Investment# Issuer Rate Data or Deposits or Withdrawals Balance Repurchase Agreements 99-204 03/29/1999 0.00 907,000.00 99-205 Union Bank 4.225 03/30/1999 3,198,000.00 0.00 99-205 03/31/1999 0.00 3,198,000.00 99-206 Union Bank 4.475 03/31/1999 1,065,000.00 0.00 Subtotal 22,969,000.00 23,021,000.00 1,065,000.00 Federal Agency Issues-Coupon 313395YMlC 2784 Federal Home Loan Bank 6.715 03/26/1999 0.00 1,000,000.00 3133M3J97 2847 Federal Home Loan Bank 5.810 03/30/1999 0.00 998,132.32 3133M5UZ1 2855 Federal Home Loan Bank 5.150 03/30/1999 0.00 2,000,000.00 EC1010007 2871 Federal Home Loan Bank 5.390 03/05/1999 1,000,000.00 0.00 3133M7VS2 2876 Federal Home Loan Bank 5.330 03/15/1999 1,000,000.00 0.00 3133M5BC3 2881 Federal Home Loan Bank 5.500 03/31/1999 1,005,030.00 0.00 3133M5J92 2882 Federal Home Loan Bank 5.630 03/31/1999 1,003,040.00 0.00 3133M4RE5 2883 Federal Home Loan Bank 5.690 03/31/1999 1,110,870.31 0.00 31364FVK5 2834 Fed.Nat'l Mort.Assoc. 5.750 03/09/1999 0.00 1,000,000.00 31364GEEM7 2884 Fed.Nat'l Mort.Assoc. 5.120 03/31/1999 974,375.00 0.00 Subtotal 6,093,315.31 4,998,132.32 31,071,098.17 Local Agency Investment Funds (Monthly Summary) 982 Laif City 5.136 0.00 1,000,000.00 2206 LAIF-Redevelopment Agency 5.136 8,000,000.00 7,500,000.00 Subtotal 8,000,000.00 8,500,000.00 27,689,760.27 Treasury Securities-Coupon Subtotal 5,008,878.22 Medium Tenn Notes Subtotal 13,833,147.39 Bankers Acceptances-Amortizing PP50OFY86 2870 Nations Bank NA 4.750 03/08/1999 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 1,995,250.00 Commercial Paper Disc.-Amortizing Portfolio CITY AP Run Date:04/20/1999-12:15 PM(PRF_PM3)SymRept V5.00jl City of HB Portfolio Management Investment Activity By Type Page 7 March 1, 1999 through March 31, 1999 Stated Transaction Purchases Sales/Maturities CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Commercial Paper Disc.-Amortizing 36959JWL3 2879 General Electric Capital Corp 4.820 03/23/1999 975,766.11 0.00 43760SQ84 2865 Homeside Lending Inc. 4.890 03/08/1999 0.00 1,000,000.00 61745BTJ6 2877 Morgan Stanley Dean Witter 4.830 03/23/1999 988,327.50 0.00 61745BUGO 2878 Morgan Stanley Dean Witter 4.820 03/23/1999 984,602.78 0.00 81989DTB2 2880 Sharp Electronics Corp. 4.850 03/23/1999 989,222.22 0.00 Subtotal 3,937,918.61 1,000,000.00 4,936,653.61 Total 41,000,233.92 39,519,132.32 85,599,787.66 Portfolio CITY AP Run Date:04/20/1999-12:15 PM(PRF_PM3)SymRept V5.00j1 City of HB Portfolio Management Page 8 Investment Activity Summary March 1998 through March 1999 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Securities of Securities Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Matured I Sold Term Days to Maturity March 1998 51 73,598,408.88 5.866 5.947 5.680 -' �w-7,-/ 810 602 April 1998 53 80,602,816.72 5.850 5.931 5.672 24- 2"-eZ3 786 576 May 1998 54 83,621,791.26 5.819 5.899 5.673 33 �� �2�3 773 562 June 1998 55 84,455,681.85 5.817 5.898 5.672 2�z� _25- 778 563 July 1998 56 83,642,844.34 5.807 5.888 5.664 ra- 2y5 a�v 841 585 August 1998 54 77,690,951.82 5.824 5.905 5.652 y0 y1-v2.;7- 803 572 September 1998 51 77,508,594.55 5.890 5.971 5.652 39 ,2� 22'2r 986 704 October 1998 51 78,541,518.18 5.762 5.842 5.557 ?fs,2 '23-gs, 800 565 November 1998 52 76,492,332.75 5.689 5.768 5.492 24-29 �a 763 552 December 1998 54 81,367,090.50 5.639 5.718 5.374 �°y ��9 702 491 January 1999 54 87,055,940.91 5.534 5.611 5.265 �9 ��--� j.& 704 478 February 1999 53 85,056,577.81 5.515 5.592 5.210 2A A.2-, 20oZa2 730 500 March 1999 57 84,419,286.15 5.477 5.553 5.136 A9' .31 2� ' 764 541 Average 53 81,064,241.79 5.730% 5.810% 5.515 788 561 Portfolio CITY AP Run Date:04/20/1999-12:15 PM(PRF_PM4)SymRept V5.00)1 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type March 1998 through March 1999 March April May June July August September October November December January February March Average Investment Type 1998 1998 1998 1998 1998 1998 1998 1998 1998 1998 1999 1999 1999 by Period Repurchase Agreements 1.9 0.6 2.1 1.9 2.4 2.0 5.0 2.4 4.0 2.1 3.1 1.3 1.2 2.3% Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 57.5 53.8 52.1 52.4 56.0 53.6 57.3 47.9 42.9 38.7 38.9 35.6 36.3 47.9% Local Agency Investment Funds 21.1 26.5 25.8 25.9 19.3 21.5 9.9 28.6 30.9 31.6 32.7 33.5 32.4 26.' Treasury Securities-Coupon 2.6 3.6 3.6 3.5 5.0 5.1 6.6 5.3 5.0 4.6 4.6 6.0 5.9 4.t Variable CD's Negotiable CD's Certificates of Deposit-Bank Medium Term Notes 10.5 12.0 11.9 12.8 13.7 14.1 18.1 14.5 16.0 14.9 14.9 16.5 16.2 14.3% Mortgage Backed Securities Bankers Acceptances-Amortizing 1.3 1.2 4.7 2.3 0.7% Commercial Paper Disc.-Amortizing 2.3 5.8 2.4 5.8 1.3% Federal Agency Disc.-Amortizing 5.8 0.4% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Portfolio CITY AP Run Date:04/20/1999-12:15 PM(PRF_PM5)SymRept V5.00j1 Report Ver.5.00 APR-21-1999 10:57 FROM CALIF ST. TREASURER LAIF TO 87143741603 P.02 State of California ' Pooled Money Investment Account- Market Valuation 3/3'1199 s 'F s ur0 jacc n. United States Treasury: Bills $ 3,124,855,253.73 $ 3,196,017,051.44 $ 3,196,428,611.36 NA Notes $ 3,827,013,313.57 $ 3,825,416,641.87 $ 3,839,986,750.00 $ 56,667,736.50 Federal Agency: Bonds $ 3,015,540,277.35 $ 3,015,206,418.35 $ 3,012,232,989.90 $ 32,236,972.35 Floaters $ 170,000,000.00 $ -170,000,000.00 $ 169,97$,500.00 $ 1,086,064.20 MISS $ 62,530,753.16 $ .62,530,753.16 $ 63,587,496.99 $ 367,024,55 GNMA $ 1,877,592.75 $ 1,677,592.75 $ 2,119,203.07 $ 18.583.40 SBA $ 283.,983,213.39 $ 283,947,440.08 $ 284,488,340,98 $ 2,521.815-94 fHLMC PC $ 17,719,644.23 $ t "17;719,644.23• $ - 18,775,811.01 $ 284,447.20 Discount Notes $ 3,989,178,053.50 $ _.. .4;061,258,674-36 $' ., 4,060,285,297.00 NA Bankers Acceptances $ 65,424,076.13 $ 66,665,860-56 $ 66.677.330.00 NA Corporate: Bonds $ 781.603.831.15 $ 781,503,211.99 $ 781,991,668.36 $ 10,064,097.75 Floaters $ 1,079,163,083.30 $ 1,079,163,063.30 $ 1,079,487,355.50 $ 6.229.730.07 CN $ 4,862,139,924.30 3 4,856,205,154.85 $ 4,855,848,291.16 $ 61,277,305.42 Bank Notes $ 1,118,090,054.21 $ 1,117,986,095.88 $ 1,118,029,274.96 $ 22,059,313.88 Repurchase Agreement NA NA NA NA Time Deposits $ 2,093,640,000.00 $ 2,093,640,000.00 $ 2,093,646,000.00 NA AS 55&GF Loans $ 2,536,677,988,67 $ 2,536,677,988.67 $ 2.536,677,988,67 NA Commercial Paper $ 7,913,495,962.63 $ 7,954,979,903.42 $ 7,956,076,332.82 NA Reverse Repurchase 13 (1,505,314,667,00) $ (1,505,314,667.00) $ (1,505,314,657.00) $ (5,202.270.17) TOTAI IS 33,437,618,375,07 $ 33,615,479,847.91 j$ 33,630,993,574.78 3 187,610,821.09 Fair Value Including Accrued Interest $ 33,818,604,395.87 Repurchase Agreements,iTiime 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(1.000461505). 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,'009,230.11.or$20,000,000.00 x 1.000461505. 9 TOTAL P.02 RCA ROUTING SHEET INITIATING DEPARTMENT: COMMUNITY SERVICES SUBJECT: APPROVE LEASE WITH OCEAN VIEW SCHOOL DISTRICT FOR LAKEVIEW CLUBHOUSE COUNCIL MEETING DATE: May 3, 1999 RCA..r0.TTAC�IMENTS... ... ... 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) Attached Subleases, Third Party Agreements, etc. (Approved as to form by City Attome Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached 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 FAR M;ISSI;NG ATT CHMENTS REVIEWED ..: RETURNED: FOR .. . .. RDED..:.. .. Administrative Staff Assistant City Administrator Initial City Administrator Initial City Clerk . . EXPLANA71ON F:aR RETURN 4F ITEM: (Below SpaceFor Only) RCA Author: Daterrime 04/28/1999 9:43:08 AM City of Huntington Beach Page 1 Office of the City Clerk Records Ref Category Subject Entered Status Document Expires Box ID Label 310.20 04/06/1999 Active 1378-7 Monthly Investment Reports 1999 310.20 04/02/1999 Active 13774 Comprehensive Annual Financial Report-FY ended 9/30/98- Prepared by Administrative Services-includes Independent Audit by Diehl, Evans-Not submitted to Council-Provided to Clerk for information 3/30/99 310.20 02/02/1998 Active 10184 Monthly Investment Reports 1998 310.20 01/06/1998 Active 10012 Annual Fiscal Year 1997/1998 Investment Policy-Council Res 97-82- Redevelopment Agency Res No 285 12/15/97 310.20 09/08/1997 Active 9444 Report-Compliance with Proposition 218 Rules- Relative to all city taxes,Assessments, Fees&Charges- Review General Fund charges to Water Fund 7/21/97 310.20 06/25/1997 Active 9266 Monthly Investment Reports 1997 ' l � �� 1 RE6Eh/E0 pAOM I / 44WAP, ANt)Iblgb q PART OF TH RECO49TT— COUNCIL E leTiNo of CONK E 9 OCKW Y,CITY CLERK Treasurer's Report-Shad L Frokknrkh,CPA TREASURER'S REPORT 3. _ - 3 -f: F gw Shari L. Freidenrich, CPA May 3, 1999 Slide 1 Treasurer's Report-Shari L.Freidenrich, CPA Investment Percentages By Type of Investment Agendas � s Slide 2 Treasurer's Report-Shari L.Freidenrich, CPA Investment Balance Trends Portfolio Balances I Type $65M $55M $68M76M $86M $86M 100% ■Treasuries ° ■OCIP 80/o ■Med Notes 60% B LAW M Fed Ag. 40% ❑CP 20% ■BA El Repur. Slide 3 Nov-94 Mar-96 Mar-97 Mar-98 Dec-98 Mar-99 Treasurer's Report-Shari L.Freidenrich, CPA Liquidity Investment Maturities by Days, Ending Mar 1998/1999 40% 33% ®1 Day ■2-180 Days 30% 23% 23% ®.5-1 Yr. ®1 -1.5Yr. 20% 2/0 13/o 0 10% ❑2-3Yr. ■3-4Yr. 0% = 04-SYr. 0 0 0 0 0 0 Slide 4 1998 1999 Treasurer's Report-Shari L.Freidenrich, CPA General Fund Est. Cash Flow Apr 1999 to Sept 1999 $10,000,000 $4,276,154 $5,000,000 ($148,204) $0 $0 $0 ($5,000,000) ($1,295,234) ($10,000,000) ($8,682,490) ($15,000,000) Apr-99 May-99 Jun-99 Jul-99 Aug-99 Sep-99 Slide 5 Treasurer's Report-Shari L.Freidenrich, CPA Investment Yields Trends 0 LAIF/T-Bill Ave. M Actual — LAIF 8.00% 6.96% 6.96% o 0 7.00/o 0 0 4.95% o 6.00% 6.00% 4.00% 3.00% r - 21 2.00% 3 141 .00% - _ 0.00% ae Mar-98 Jun-98 Dec-98 Mar-99 Slide 6 Treasurer's Report-Shari L.Freidenrich, CPA Summary of Investment by Fund March 31, 1999 4 � $22,500 'A a VFW V P E7,900 f ;: S2o,2o0 Slide 7 Treasurer's Report-Shari L.Freidenrich, CPA Summary • Recommendation to City Council Slide 8 / ��7 Fr�ieQd2cnvi' �i Council/Agency Meeting Held: 0 �2ffrred/Continued to: p oved Conditionally Approved ❑ Denied Clerk's Signature Council Meeting Date: April 19, 1999 Department ID Number: CT 99-04 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION _ _Cz :� C ZZ SUBMITTED TO: HONORABLE16AYOR AND CITY COUNCIL MEMBERS 6�—± co -< r-, SUBMITTED BY: SHARI L. FREIDENRICH, City Treasure ; o A��C PREPARED BY: SHARI L. FREIDENRICH, City Treasurer w SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S FEBRUARY,-IWr 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, 1999 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, 1999, 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 1 Monthly Investment Report and Summary of Investments for February, 1999 City of Huntington Beach Summary. of Investment Portfolio Activity for February, 1999 Financial Information: Increase January February (Decrease) End of month City Portfolio Balance $86,173,112 $84,099,214 -($2,073,898) Accrued Interest at Purchase $7,761 $40,231 $32,470 Interest Earned for Month $415,046 $381,127 ($33,919) . Earned Interest Yield Average 5.61% 5.84% 0.23% Average Maturity ( in days) 478 500 22 End of Month Market Value $86,523,228 $84,112,186 ($29411,042) End of month bank cash balance $2,859,574 $3,417,700 $558,126 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $300,000 $381,127 $81,127 Interest Earned Year to Date $1,200,000 $1,945,288 $745,288 Earned Interest Yield Year to Date 5.50% 5.76% 0.26% Transaction Summary: Increase January February (Decrease) Number of Securities Purchased 21 22 1 Number of Securities Matured/Sold 21 22 1 Summary by Individual Investment: Days Int. February % of Total Policy Limit to Mat. Rate Repurchase Agreements $1,117,000 1% None 1 4.28% Federal Agy Issues - Coupon $29,975,030 36% None 924 6.01% Local Agency Inv. Fund (LAIF) $28,189,760 34% $40 million 1 5.21% Medium Term Notes $13,834,284 16% 20% 751 5.83% Treasury Securities - Coupon $5,009,071 6% None 742 5.72% Commercial Paper- Disc. $1,988,847 2% 15% 42 4.95% Bankers Acceptances $3,985,222 5% 25% 28 4.84% $84,099,214 100% ©� City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 •}� Portfolio Summary February 28, 1999 Par Market Book %of Days to YTM 360 YTM 365 Investments Value Value Value Portfolio Term Maturity Equiv. Equiv. Repurchase Agreements 1,117,000.00 1,117,000.00 1,117,000.00 1.33 3 0 4.225 4.284 Federal Agency Issues-Coupon 30,000,000.00 29,949,840.00 29,975,030.39 35.64 1,353 924 5.927 6.009 Local Agency Investment Funds 28,189,760.27 28,189,760.27 28,189,760.27 33.52 1 1 5.139 5.210 Treasury Securities-Coupon 5,000,000.00 5,050,000.00 5,009,070.74 5.96 1,078 742 5.643 5.722 Medium Term Notes 13,825,000.00 13,831,745.75 13,834,284.18 16.45 1,087 .751 5.754 5.833 Bankers Acceptances-Amortizing 4,000,000.00 3,985,060.00 3,985,222.23 4.74 43 28 4.777 4.843 Commercial Paper Disc.-Amortizing 2,000,000.00 1,988,780.00 1,988,846.67 2.36 83 42 4.885 4.952 Total Investments and Averages 84,131,760.27 84,112,186.02 84,099,214.48 100.009/6 730 500 5.515 5.592 Cash Passbook/Checking 0.00 0.00 0.00 0 0 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase 40,230.63 40.230.93 Total Cash and Purchase Interest 40,230.93 40.230.93 Total Cash and Investments 84,131,760.27 84,152,416.95 84,139,445.41 730 500 5.515 5.592 Total Earnings February 28 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 381,127.40 1,945,287.74 Current Budget 300,000.00 1,500,000.00 3,600,000.00 Last Year Actual 354,312.00 1,739,032.00 4,513,758.00 Average Daily Balance 85,056,577.81 81,670,564.23 Effective Rate of turn 5.840/6 5.76% 14-7-99 I .FR DENRICH Date I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all CITY T URER State laws and the investment policy statement filed with the City Council on Dec.21,1998. 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. Portfolio CITY AP Run Date:03/31/1999-14:30 PM(PRF_PM1)SymRept V5.0011 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments February 28, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equly. Maturity Date Repurchase Agreements 99-186 Union Bank 02/26/1999 1,117,000.00 1,117,000.00 1,117,000.00 4.225 4.284 0 03/01/1999 Subtotal and Average 1,102,357.14 1,117,000.00 1,117,000.00 1.117,000.00 4.284 0 Federal Agency Issues-Coupon DD1143609 2813 FEDERAL FARM CREDIT BANK 11/20/1997 1,000,000.00 1,008,160.00 1,000,179.11 5.910 AAA 5.898 630 11/20/2000 313395YMlC 2784 Federal Home Loan Bank 03/26/1997 1,000,000.00 1,001,560.00 1.000,000.00 6.715 AAA 6.715 1,121 03/26/2002 2798 Federal Home Loan Bank 08/08/1997 2,000,000.00 2.004,680.00 2.000.000.00 5.955 AAA 5.955 129 07/08/1999 None yet 2799 Federal Home Loan Bank 08/27/1997 1,000.000.00 1.004.060.00 1,000,000.00 6.500 AAA 6.500 1,275 08/27/2002 3133M1VQ9 2806 Federal Home Loan Bank 10/15/1997 1,000.000.00 1.002,810.00 1,000,000.00 6.230 AAA 6.230 959 10/15/2001 3133M1TC3 2817 Federal Home Loan Bank 12/19/1997 1,000,000.00 1,003,440.00 1,000,399.61 5.860 AAA 5.778 207 09/24/1999 2820 Federal Home Loan Bank 12/30/1997 1.000,000.00 999,530.00 1,000,000.00 6.200 AAA 6.200 1,400 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1.000,000.00 999,840.00 1.000.000.00 6.215 AAA 6.215 1,408 01/07/2003 3133M3J97 2847 Federal Home Loan Bank 05/26/1998 1,000,000.00 998,280.00 998.057.10 5.810 AAA 5.909 760 03/30/2001 3133M3A70 2850 Federal Home Loan Bank 06/12/1998 1,000.000.00 997,340.00 1.000,000.00 6.000 AAA 5.997 1,127 04/01/2002 3133M5UZ1 2855 Federal Home Loan Bank 10/01/1998 2,000,000.00 1.999.380.00 2,000,000.00 5.150 AAA 5.149 213 09/30/1999 3133M5QB9 2874 Federal Home Loan Bank 02/22/1999 1,000.000.00 979.690.00 989.819.29 5.125 AAA 5.380 1,659 09/15/2003 3134AOJ86 2760 Federal Home Loan.Mort Corp 05/17/1996 2.000.000.00 2.006,240.00 2,000,000.00 6.990 AAA 6.990 808 05/17/2001 3134A1XF2 2803 Federal Home Loan Mort Corp 08/22/1997 1,000.000.00 1.002.190.00 999,141.97 6.090 AAA 6.242 515 07/28/2000 31364C-FA-1 2765 Fed.Nat'l Mort.Assoc. 06/24/1996 1,000,000.00 1,005,620.00 1,000,000.00 7.070 AAA 7.070 847 06/25/2001 31364C4D7 2800 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,005,470.00 995,053.33 6.150 AAA 6.320 1,253 08/05/2002 31364C4P0 2801 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,006,720.00 995,987.50 5.910 AAA 6.221 525 08/07/2000 31364FLJ8 2818 Fed.Nat'l Mort.Assoc. 12/26/1997 1,000,000.00 1,000,310.00 1,000,000.00 6.150 AAA 6.150 1,396 12/26/2002 31364FNB3 2825 Fed.Nat'l Mort.Assoc. 01/14/1998 1,000,000.00 992,030.00 1,000,000.00 6.010 AAA 6.010 1.415 01/14/2003 DD1152733 2826 Fed.Nat'l Mort.Assoc. 01/14/1998 1,000,000.00 992,030.00 1,000,000.00 6.010 AAA 6.010 1,415 01/14/2003 31364FVK5 2834 Fed.Nat'l Mort.Assoc. 03/18/1998 1,000,000.00 999,840.00 1,000,000.00 5.750 AAA 5.749 374 03/09/2000 2846 Fed.Nat'l Mort.Assoc. 05/21/1998 1,000,000.00 997,030.00 1,000.000.00 6.030 AAA 6.030 1,536 05/15/2003 31364FN49 2848 Fed.Nat'l Mort.Assoc. 06/05/1998 1,000,000.00 998,280.00 1,000,000.00 5.800 AAA 5.800 464 06/07/2000 31364FX55 2853 Fed.Nat'l Mort.Assoc. 07/21/1998 1,000,000.00 990,940.00 997.844.68 6.010 AAA 6.083 1,592 07/10/2003 ECO581545 2856 Fed.Nat'l Mort.Assoc. 10/29/1998 1,000,000.00 984,840.00 999.722.80 5.000 AAA 5.011 973 10/29/2001 31364GGH6 2859 Fed.Nat'l Mort.Assoc. 11/13/1998 1,000,000.00 976.560.00 998,825.00 5.270 AAA 5.299 1.718 11/13/2003 31364GPB9 2866 Fed.Nat'l Mort.Assoc. 01/13/1999 1,000,000.00 992.970.00 1,000,000.00 5.260 AAA 5.260 865 07/13/2001 Subtotal and Average 31,875,078.35 30,000,000.00 29,949,840.00 29,975,030.39 6.009 924 Local Agency Investment Funds 982 Lalf City 10,034.815.90 10.034.815.90 10,034,815.90 5.210 NR 5.210 1 2206 LAIF-Redevelopment Agency 18.154,944.37 18,154,944.37 18,154,944.37 5.210 NR 5.210 1 Portfolio CITY AP Run Date:03/31/1999-14:30 PM(PRF PM2)SymRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details -Investments February 28, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equiv. Maturity Date Subtotal and Average 28,296,903.13 28.189.760.27 28,189,760.27 28,189,760.27 5.210 1 Treasury Securities-Coupon 912827Z39 2783 UNITED STATES TREASURY 03/17/1997 1,000.000.00 1,029.690.00 999,824.55 6.500 AAA 6.507 914 08/31/2001 912827V66 2819 UNITED STATES TREASURY 12/10/1997 1.000.000.00 1.008,750.00 998,646.13 5.750 AAA 5.837 610 10/31/2000 912827Z96 2843 UNITED STATES TREASURY 04/29/1998 1,000,000.00 1.006,410.00 1,001,289.27 5.875 AAA 5.680 259 11/15/1999 US9128273444 2854 UNITED STATES TREASURY 07/31/1998 1,000,000.00 1,002,810.00 999,043.72 5.375 AAA 5.485 336 01/31/2000 91282741<5 2875 UNITED STATES TREASURY 02/22/1999 1,000,000.00 1,002,340.00 1.010,267.07 5.375 AAA 5.106 1,582 06/30/2003 Subtotal and Average 4,251,371.53 5,000,000.00 5,050,000.00 5,009,070.74 5.722 742 Medium Term Notes 02687QAK4 2839 American Int'I Group(AIG) 03/30/1998 1.000,000.00 1,000,110.00 1,000,430.68 5.750 Aaa 5.716 392 03/27/2000 046003EL9 2830 Associated Corp. 01/29/1998 1,000,000.00 1,004,440.00 1,002,233.27 6.000 AA3 5.808 472 06/15/2000 046003JP5 2857 Associated Corp. 11/06/1998 1,000.000.00 998,590.00 1.006,993.75 5.875 AA3 5.640 1,232 07/15/2002 05943FAE5 2809 Banc One Corp. 10/14/1997 1,000,000.00 1,006,460.00 1.002,551.59 6.250 AA- 6.060 550 09/01/2000 06651PAAI 2872 Bank United 02/17/1999 1,000,000.00 973,070.00 987.270.63 5.400 Aaa 5.700 1,799 02/02/2004 2840 General Electric Capital Corp 04/03/1998 1,000,000.00 1,004,150.00 1.000.439.46 5.840 Aaa 5.799 395 03/30/2000 2841 General Electric Capital Corp 04/06/1998 1,000,000.00 1,005,760.00 1,000,233.18 5.920 Aaa 5.909 764 04/03/2001 61687YBUO 2808 JP Morgan 10/02/1997 1,000,000.00 1,003,950.00 999.714.50 6.125 AA 6.145 581 10/02/2000 580135CA7 2851 McDonald's 06/30/1998 1,000,000.00 1,009,810.00 1.001,439.05 6.000 AA2 5.950 1,210 06/23/2002 66938HAB6 2805 Norwest Financial,Inc. 10/01/1997 2,000,000.00 2,010,600.00 2,003,281.25 6.375 AA3 5.977 214 10/01/1999 84534ECS4 2827 Southwestern Bell 01/12/1998 1,000,000.00 992,030.00 995,961.02 5.730 AA3 5.858 1.330 10/21/2002 892332AF4 2858 Toyota Motor Credit 11/09/1998 500,000.00 496,155.00 503,207.78 5.500 AA1 5.222 931 09/17/2001 892332AF4 2860 Toyota Motor Credit 11/25/1998 325,000.00 322.500.75 326,353.18 5.500 AA1 5.318 931 09/17/2001 894190AK3 2838 Citigroup 03/27/1998 1,000,000.00 1,004,120.00 1,004,174.84 6.125 Aa3 5.770 472 06/15/2000 Subtotal and Average 13,270,802.47 13,825,000.00 13,831,745.75 13,834,284.18 5.833 751 Bankers Acceptances-Amortizing PP500GH67 2873 Chase Manhattan Bank 02/19/1999 2,000.000.00 1.986,940.00 1.987,069.45 4.750 P-1 4.854 49 04/19/1999 PP50OFY86 2870 Nations Bank NA 02/09/1999 2.000,000.00 1,998,120.00 1,998,152.78 4.750 P1 4.833 7 03/08/1999 Subtotal and Average 2,134,704.86 4,000,000.00 3,985,060.00 3,985,222.23 4.843 28 Commercial Paper Disc.-Amortizing 43760SQ84 2865 Homeside Lending Inc. 01/08/1999 1,000,000.00 999,070.00 999.049.17 4.890 P-1 4.998 7 03/08/1999 85462DSH7 2869 Stanley Works 01/29/1999 1.000.000.00 989.710.00 989,797.50 4.770 At 4.906 77 05/17/1999 Subtotal and Average 4,125,360.33 2,000,000.00 1,988,780.00 1,988,846.67 4.952 42 Portfolio CITY AP Run Dale:03/31/1999-14:30 PM(PRF_PM2)SymRept V5.00j1 City of HB Portfolio Management Page 4 Portfolio Details - Investments February 28, 1999 Average Purchase Stated YTM 365 Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equiv. Maturity Total Investments and Average 85,056,577.81 84,131,760.27 84,112,186.02 84,099,214.48 5.592 500 Portfolio CITY AP Run Date:03/31/1999-14:30 PM(PRF_PM2)SymRept V5.00)1 City of HB Portfolio Management Investment Activity By Type Page 5 February .1, 1999 through February 28, 1999 Stated Transaction Purchases Sales/Maturities CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 99-170 Union Bank 4.100 02/01/1999 0.00 2,677,000.00 99-171 Union Bank 4.163 02/01/1999 1.167,000.00 0.00 99-171 02/02/1999 0.00 1,167,000.00 99-172 Union Bank 4.038 02/02/1999 714,000.00 0.00 99-172 02/03/1999 0.00 714,000.00 99-173 Union Bank 3.913 02/03/1999 806,000.00 0.00 99-173 02/04/1999 0.00 806,000.00 99-174 Union Bank 3.975 02/04/1999 1,058,000.00 0.00 99-174 02/05/1999 0.00 1,058,000.00 99-175 Union Bank 4.038 02/05/1999 1.585,000.00 0.00 99-175 02/08/1999 0.00 1,585,000.00 99-176 Union Bank 4.163 02/08/1999 1.798,000.00 0.00 99A76 02/09/1999 0.00 1,798.000.00 99-177 Union Bank 4.038 02/09/1999 841.000.00 0.00 99-177 02/10/1999 0.00 .841,000.00 99-178 Union Bank 4.038 02/10/1999 1,569,000.00 0.00 99-178 02/11/1999 0.00 1.569,000.00 99-179 Union Bank 4.038 02/11/1999 1,648.000.00 0.00 99-179 02/12/1999 0.00 1,648,000.00 99-180 Union Bank - 4.288 02/16/1999 932,000.00 0.00 99-180 02/17/1999 0.00 932,000.00 99-181 Union Bank 4.100 02/17/1999 3,292.000.00 0.00 99-181 02/18/1999 0.00 3,292.000.00 99-182 Union Bank 4.038 02/18/1999 1.128,000.00 0.00 99-182 02/19/1999 0.00 1,128,000.00 99-183 Union Bank 3.975 02/19/1999 1,561.000.00 0.00 99-183 02/22/1999 0.00 1,561,000.00 99-184 Union Bank 4.163 02/22/1999 2.189,000.00 0.00 99-184 02/23/1999 0.00 2,189.000.00 99-185 Union Bank 4.163 02/25/1999 935,000.00 0.00 99-185 02/26/1999 0.00 935,000.00 99-186 Union Bank 4.225 02/26/1999 1.117,000.00 0.00 Subtotal 22,340,000.00 23,900,000.00 1,117,000.00 Federal Agency Issues-Coupon DD1158763 2831 FEDERAL FARM CREDIT BANK 5.810 02/02/1999 0.00 1,000,000.00 Portfolio CITY AP Run Dale:03/31/1999-14:30 PM(PRF PM3)SymRept V5.00J1 Report Ver.5.00 City of HB Portfolio Management Investment Activity By Type Page 6 February 1, 1999 through February 28, 1999 Stated Transaction Purchases Sales/Maturities CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133M3FB6 2832 Federal Home Loan Bank 5.750 02/17/1999 0.00 1,500,000.00 3133M5QB9 2874 Federal Home Loan Bank 5.125 02/22/1999 989,763.22 0.00 2833 Federal Home Loan Mort Corp 5.830 02/25/1999 0.00 1,000,000.00 3134A15T3 2835 Federal Home Loan Mort Corp 5.850 02/26/1999 0.00 1,000,000.00 Subtotal 989.763.22 4,500,000.00 29,975,030.39 Local Agency Investment Funds.(Monthly Summary) 2206 LAIF-Redevelopment Agency 5.210 5,500,000.00 5,500,000.00 Subtotal 5,500,000.00 5,500,000.00 28,189,760.27 Treasury Securities-Coupon 9128274K5 2875 UNITED STATES TREASURY 5.375 02/22/1999 1,010,312.50 0.00 Subtotal 1,010,312.50 0.00 5,009,070.74 Medium Tenn Notes 06651PAAl 2872 Bank United 5.400 02/17/1999 987,170.00 0.00 Subtotal 987,170.00 0.00 13,834,284.18 Bankers Acceptances-Amortizing PP500GH67 2873 Chase Manhattan Bank 4.750 02/19/1999 1.984.430.56 0.00 PP50OFY86 2870 Nations Bank NA 4.750 02/09/1999 1.992.875.00 0.00 Subtotal 3,977,305.56 0.00 3,985,222.23 Commercial Paper Disc.-Amortizing 43760SPN2 2868 Homeside Lending Inc. 4.800 02/22/1999 0.00 2,000,000.00 69372BPKO 2867 Paccar Financial Corporation 4.750 02/19/1999 0.00 1,000,000.00 Subtotal 0.00 3,000,000.00 1,988,846.67 Total 34,804,551.28 36,900,000.00 84,099,214.48 Portfolio CITY AP Run Date:03/31/1999-14:30 PM(PRF_PM3)SyrnRept V5.00J1 City of HB Portfolio Management Page 7 Investment Activity Summary February 1998 through February 1999 Yield to Maturity Managed Number Number Month Number of Average 360 _ 365 Pool of Securities of Securities Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Matured/Sold Term Days to Maturity February 1998 48 74,105,790.79 5.887 5.969 5.720 1.-If 810 604 March 1998 51 73,598,408.88 5.866 5.947 5.680 2�?� �e 810 602 April 1998 53 80,602,816.72 5.850 5.931 5.672 y4 b ?2.2' 3 786 576 May 1998 54 83,621,791.26 5.819 5.899 5.673 ,?2 a 3 773 562 June 1998 55 84,455,681.85 5.817 5.898 5.672 ?Xf,Z 1, 778 56' July 1998 56 83,642,844.34 5.807 5.888 5.664 �8' ;K2(a 841 589 August 1998 54 77,690,951.82 5.824 5.905 5.652 yes yY,Z%1- 803 572 September 1998 51 77,508,594.55 5.890 5.971 5.652 J23';Z-5- 986 704 October 1998 51 78,541,518.18 5.762 5.842 5.557 28'o2S 21,'r 800 565 November 1998 52 76,492,332.75 5.689 5.768 5.492 ?if';z 3 .28r -/ 763 552 December 1998 54 81,367,090.50 5.639 5.718 5.374 2tf as let � 702 491 January 1999 54 87,055,940.91 5.534 5.611 5.265 A a2� 18��/ 704 478 February 1999 53 85,056,577.81 5.515 5.592 5.210 3�;UZ 20r.2A 730 500 Average 53 80,303,827.02 5.761% 5.841% 5.560 aZ L j N a 2 791 566 Portfolio CITY AP Run Date:03/31/1999-14:30 PM(PRF PM4)SyrnRept V5.00J1 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type February 1998 through February 1999 February March April May June July August September October November December January February Average Investment Type 1998 1998 1998 1998 1998 1998 1998 1998 1998 1998 1998 1999 1999 by Period Repurchase Agreements 0.2 1.9 0.6 2.1 1.9 2.4 2.0 5.0 2.4 4.0 2.1 3.1 1.3 2.2% Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 57.6 57.5 53.8 52.1 52.4 56.0 53.6 57.3 47.9 42.9 38.7 38.9 35.6 49.6% Local Agency Investment Funds 21.8 21.1 26.5 25.8 25.9 19.3 21.5 9.9 28.6 30.9 31.6 32.7 33.5 25'-. Treasury Securities-Coupon 2.7 2.6 3.6 3.6 3.5 5.0 5.1 6.6 5.3 5.0 4.6 4.6 6.0 4. Variable CD's Negotiable CD's Certificates of Deposit-Bank Medium Term Notes 9.6 10.5 12.0 11.9 12.8 13.7 14.1 18.1 14.5 16.0 14.9 14.9 16.5 13.8% Mortgage Backed Securities Bankers Acceptances-Amortizing 1.3 1.2 4.7 0.6% Commercial Paper Disc.-Amortizing 2.3 5.8 2.4 0.8% Federal Agency Disc.-Amortizing 5.8 0.4% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Portfolio CITY AP Run Date:03/31/1999-14:30 PM(PRF PM5)SyrnRept V5.00j1 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 2/28/99 ... Description Carrying.Cost Plus` ;....Accrued_Interest Purch. Fair Value - .Accrued Interest United States Treasury: Bills $ 3,219,653,087.06 $ 3,280,624,989.03 NA Notes $ 4,376,988,787.55 $ 4,386,206,750.00 $ 56,212,744.75 Federal Agency: Bonds $ 2,867,614,388.80 $ 2,858,395,336.80 $ 34,233,359.13 Floaters $ 170,000,000.00 $ 169,960,100.00 $ 371,496.90 MBS $ 76,924,173.93 $ 77,933,277.95 $ 451,808.71 . GNMA $ 1,895,343.07 $ 2,141,387.35 $ 18,763.19 SBA $ 288,648,095.02 $ 289,330,823.62 $ 2,563,477.84 FHLMC PC $ 18,342,486.28 $ 19,459,556.78 $ 294,487.72 Discount Notes $ 4,324,915,701.75 $ 4,391,901,547.55 NA Bankers Acceptances $ 77,145,994.77 $ 78,391,576.83 NA Corporate: ' Bonds $ 680,854,567.57 $ 679,740,358.72 $ 11,374,249.57 Floaters $ 1,129,502,736.06 $ 1,128,525,358.00 $ 6,164,94512 CDs $ 4,654,149,634.41 $ 4,647,143,498.58 $ 46,598,644.87 Bank Notes $ 1,218,090,054.21 $ 1,217,875,561.02 $ 18,804,786.12 Repurchase Agreements NA NA NA Time Deposits $ 2,007,640,000.00 $ 2,007,640,000.00 NA AB.55 & GF Loans $ 2,086,134,001.21 $ 2,086,134,001.21 NA Commercial Paper $ 7,978,739,942.86 $ 8,041,959,054.63 NA Reverse Repurchase $ 1,006,437,167.00 $ 1,006,437,167.00 $ 3,141,588.47 TOTAL $ 34,170,801,827.55 $ 34,356,926,011.07 $ 173,947,176.05 Fair Value Including Accrued Interest $ 34,530,873,187.12 / Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). RCA ROUTING SHEET INITIATING CITY TREASURER DEPARTMENT: SUBJECT: Investment Summary Report COUNCIL MEETING DATE: April 19, 1999 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 Attome 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 Applicabie EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FOR ED Administrative Staff Assistant City Administrator Initial City Administrator Initial City Clerk EXPLANATION FOR RETURN OF ITEM: Only)(Below Space For City Clerk's Use Date/Time 04/15/1999 11:01:01 AM City of Huntington Beach Page 1 Office of the City Clerk Records Ref Category Subject Entered Status Document Expires Box ID Label 310.20 04/06/1999 Active 13787 Monthly Investment Reports 1999 Total Records Detailed: 1 11 Treasurer's Report - Shari L. Freidenrich, CPA TREASURER' S 71 p r� i i ;, �i {e u ' D 9 OZA Cvm �r n n D G m O v m Z-nmD�1 t ara�lx n�>0 07 m->7� .,.r O�O--4 ' 0 m0{� m Shari L . Freidenrich CPA -,4r-o m =o m� �D April 19, 1999 ~�_ Treasurer's Report - Shari L. Freidenrich, CPA Februa 99 Investment Summa__-rY ---- rY -------------- ---- - - -- ----- ---- _ - ----- - _�__— Financial Information: ; ? January , February Inc(Dec) End of month City Portfolio Balance $86'173'112 1 $84 099 214 j ($2 073 898) ---- ------_-- -- - - - ----------------- - -- -- - -- - - -- -- --- - ----- ---- - --------. _._ — - �_�__ _Average Maturity ( in days) 478, 5001 22 r____----- ___----------- End of Month Market Value ? $86,523,228 $84,112,186 ($2,411 ,042) _YTD Average Daily Balance _ ; _ _ $80,899764 $81 ,670,564 ? $770 800 Comparison to Budget: 1 Budget Actual Inc(Dec) Interest Earned for Month_ j _ $300,000 $381_,127 $81 ,127 Interest Earned Year to Date i T �$1 ,500,ow? $1 ,945,288 $445,288 Earned Interest Yield Year to Date _ ' _ 5.50%1 5.76% ? 0.26% Summary by Individual Investment: j _ I ~~- Days Int. ---- - _-__-------------- ----;--- --------------------,- -- --- ----------,-- -- February 1 % of Total Policy Limit to Mat. Rate ------------_-__-------_____---------------------._..-;--------_._-------.__-.-------_._---------.--___.__-_-___-�_- --_�� Repurchase Agreements _ ; $1 ,117,000 1% 1 None 1 4.28 /o o Federal A _Issues - Coupon- _ 1 $29,975,030 1 36% None 1 924 6.01% Local Agency Inv. Fund (LAIF) ! $28,189,760 _ 34% i _$40 Million _i 1 _ 5.21% Medium Term Notes $13,8341284 16% 1 20% 751 5.83% .. ... . _.. ____Commercial Paper - _ $1 ,988,847 ; 2% 15% 42 4.95% _ Treasury Securities $5,009'071 _ 6 /o ? _None 7_42 5.72 /o ? Banker's Acceptances $3,985,222 5% 25% I ^28 4.84% Total _ —_ -- _--- $86,173,112 100% 1 -�� 1 M, (JpG�a/P� �vCUrrl¢,i� L�iS�r.ti�fv/ 7U counc.l neQr' end p�S P ��Sers-,on he Id Y-19-99 Completed construction projects from 10/l/97 to 9/30/98 34559.01 � MSC/ Description Compltn. Cost CC# Date 900 Talbert Rehab — Gothard to Newland 12/1/97 910 Yorktown Vertical Realignment 12/15/97 1026 Warner Ave Median Landscaping 7/20/98 $391,985 1029 Pier Plaza 6/98 $5,000,000 1031 Garfield @ Int w/Magnolia, Bushard, & 5/8/98 $61,000 Brookhurst 1033 Sewer Relay Tr 7703 9/24/98 $336,000 1036 Corsican Storm Drain Improvements 4/21/99 $61,814 1037 Warner Rehab-Beach to "B" 8/98 $22,000 1041 Silver Street &.Storm Drain 7/20/98 $514,643 1046 Alabama Street Sewer Rehab Ph I 1049 Fiber Optics Cable to H2O Ops 12/15/97 $164,000 1053 Bus Stop Accessibility Program 3/16/98 $43,508 1056 Edison Community Park Restroom ADA renovations 1098 Downtown Sewer Lining Arterial projects by developers Main Huntington to Garfield 8/98 Garfield from Goldenwest to Huntington 10/98 V i RECEIVED FROM �r AND MADE A PART OF THE REC D AT THE S COUNCIL MEETING OF C.n � OFFICE OF THE CITY CLERK CONNIE BROCKWAY,CITY CLERK City of Huntington Beach Summary of Investment Portfolio Activity for February, 1999 Financial Information: Increase January February (Decrease) End of month City Portfolio Balance $86,173,112 $84,099,214 ($2,073,898)' Accrued Interest at Purchase $7,761 $40,231 $32,470 Interest Earned for Month $415;046 $381,127 ($33,919) Earned Interest Yield Average 5.61% 5.84% 0.23% Average Maturity ( in days) 478 500 22 End of Month Market Value $86,523,228 $84,112,186 ($2,411,042) End of month bank cash balance $2,859,574 $3,417,700 $558,126 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $300,000 $381,127 $81,127 Interest Earned Year to Date $1,500,000 $1,945,288 $445,288 Earned Interest Yield Year to Date 5.50% 5.76% 0.26% Transaction Summary: Increase January February (Decrease) Number of Securities Purchased 21 22 1 Number of Securities Matured/Sold 21 22 1 Summary by Individual Investment: Days Int. February % of Total Policy Limit to Mat. Rate Repurchase Agreements $1,117,000 1% None 1 4.28% Federal Agy Issues - Coupon $29,975,030 36% None 924 6.01% Local Agency Inv. Fund (LAIF) $28,189,760 34% $40 million 1 5.21% Medium Term Notes $13,834,284 16% 20% 751 5.83% Treasury Securities - Coupon $5,009,071 6% None 742 5.72% Commercial Paper- Disc. $1,988,847 2% 15% 42 4.95% Bankers Acceptances $3,985,222 5% 25% 28 4.84% $84,099,214 100% Treasures Reportr shad L., Freii 'denrch;, CPA! TREASURER ' S v 3 r ' a r J r"°Fivaim Shari A March 15, 1999 Treasurer's Report - Shari L. Freidenrich, CPA � � 3 ,lafnurar�y99 Inuestbment Summary Financial lnforma;tionk:` bye cemAber January' I,nc«(Dec) End of montgh City Portfolio Balance $86,489,533 $86,173,112 ( 316,421 } Average Matu"Tilly, ( in days) 491 478 -13 End of M©ntBh M a-rket V a lue' . a. $86,876,602 $86,523,228 ($353,374} YTD Average DailyBasl _ ' c.e $81 ,367,091 $87,055,941 $5 688,850 Comparison to Budget: Budget Actual Ingc(Dec) Interest Earned for Month,. M „�... $300,000 $415,046 $�1� 15,046 InterestEarned Year to Date $1 ,200,000 $1,564,898 $364,898 Earned Interest Yield Year.:to Date 5.50% &.74% Summary by lntlividuaI Investment: ys Int. sY January % of Total Policy Limitto Mat. Rate Repurchase Agreements $2,677,000 3% None Federal Agy Is=sues - Coupon $33,485,831 39% None889 Loc I A ) 8 89 761 � a gency Inv Fund (LAIF $2 1 33,/° $40Million � 1 Medium Term N®tes ' $12,848,366 15% 2®00 698 5.84% Commercial Paper $4,973,358 6% 15% 40 4.90% Treasury Securities $3,998,796 4% None 558 5.88% Total $86,173,112 100% Council/Agency Meeting Held: /,3 3/0•z D De erred/Continued to: lApprove ❑ Conditional y Approved ❑ Denied Ity Clerk's Signature Council Meeting Date: March 15, 1999 1 Department ID Number: CT 99-03 CITY OF. HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION C— j SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS co <r: SUBMITTED BY: SHARI L. FREIDENRICH, City Treasure n �ti W � PREPARED BY: SHARI L. FREIDENRICH, City Treasurer c, D SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JANUARY 1999 INVESTMENT SUMMARY REPORT _ Statement of Issue,Funding Source,Recommended Action,Altemative Action(s),Analysis,Environmental Status,Attachments) Statement of Issue: Review and accept the monthly investment report for January, 1999 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, 1999, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not applicable. Environmental Status: Not applicable. / Attachment(s): NumberCity Clerk's Page 1 Monthly Investment Report and Summary of Investments for January, 1999 City of Huntington Beach Summary of Investment Portfolio Activity for January, 1999 Financial Information: Increase December January (Decrease) End of month City Portfolio Balance $86,489,533 $86,173,112 ($316,421) Accrued Interest at Purchase $25,264 $7,761 ($17,503) Interest Earned for Month $395,688 $415,046 $19,358 Earned Interest Yield Average 5.73% 5.61% -0.12% Average Maturity ( in days) 491 478 -13 End of Month Market Value $86,876,602 $86,523,228 ($353,374) End of month bank cash balance $4,020,996 $2,859,574 ($1,161,422) Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $300,000 $415,046 $115,046 Interest Earned Year to Date $1,200,000 $1,564,898 $364,898 Earned Interest Yield Year to Date 5.50% 5.74% 0.24% Transaction Summary: Increase December January (Decrease) Number of Securities Purchased 22 21 -1 Number of Securities Matured/Sold 19 21 2 Summary by Individual Investment: Days Int. January % of Total Policy Limit to Mat. Rate Repurchase Agreements $2,677,000 3% None 1 4.16% Federal Agy Issues - Coupon $33,485,831 39% None 889 6.00% Local Agency Inv. Fund (LAIF) $28,189,761 33% $40 million 1 5.27% Medium Term Notes $12,848,366 15% 20% 698 5.84% Treasury Securities - Coupon $3,998,796 4% None 558 5.88% Commercial Paper- Disc. $4,973,358 6% 15% 40 4.90% Total $86,173,112 100% o A City of Huntington Beach City of HB 200o Main St Portfolio Management Huntington Beach,CA,92M Portfolio Summary January 31, 1999 Investments Par Market Book %of Days to YTM 360 YTM 365 Value Value Value Portfolio Term Maturity Equiv. Equiv. Repurchase Agreements 2,677,000.00 2,677,000.00 2,677,000.00 3.11 3 0 4.100 4.157 Federal Agency Issues-Coupon 33,500,000.00 33,659,725.00 33,486,631.25 38.86 1,294 889 5.921 6.003 Local Agency Investment Funds 28,189,760.27 28,189,760.27 28,189,760.27 32.71 1 1 5.193 5.265 Treasury Securities-Coupon 4,000,000.00 4,078,740.00 3,998,795.84 4.64 949 558 5.797 5.877 Medium Term Notes 12,825,000.00 12,944,423.00 12,848,365.98 14.91 1,032 698 5.764 5.844 Commercial Paper Disc.-Amortizing S,000,ODD.00 4,973,580.00 4,973,358.33 5.77 48 40 4.833 4.900 Total Investments and Averages 86,191,760.27 86,623,228.27 86,173,111.67 100.00% 704 478 6.634 6.611 Cash Pacsbook/Checidng 0.00 0.00 0.00 0 0 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase 7,760.76 7,760.76 Total Cash and Purchase Interest 7,760.76 7,760.76 Total Cash and Investments 86,191,760.27 86,630,989.03 86,180,872.43 704 478 6.634 6.611 Total Earnings January 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 415,046.07 1,564,897.58 Current Budget 300,000.00 1,200,000.00 3,600,000.00 Last Year Actual 373,224.00 1,364,720.00 4,513,758.00 Average Daily Balance 87,066,940.91 80,899,764.39 Effective Rate of Return 6.61% 5.74% 3-1-2 9 (64, SHARI .FREI ENRICH Date I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State CITY TR RER laws and the investment policy statement filed with the City Council on Dec.21, 199B. 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. Portfolio CITY AP Run Date:03/04/1999-16:13 PM(PRF_PM1)SyrnRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details -Investments January 31, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equiv. Maturity Date Repurchase Agreements 99.170 Union Bank 01/29/1999 2,677,000.00 2,677,000.00 2,677,000.00 4.100 4.157 0 02/01/1999 Subtotal and Average 1,17Z,648.39 2,677,000.00 2,677,000.00 Z,677,000.00 4.167 0 Federal Agency Issues-Coupon OD1143609 2813 FEDERAL FARM CREDIT BANK 11/20/1997 1,000,000.00 1,015,000.00 1,000,187.79 5.910 AAA S-898 658 11/20/2000 OD1158763 2831 FEDERAL FARM CREDIT BANK 02/02/1998 1,000,000.00 999,690.00 1,000,000.00 5.810 AAA 5.810 732 02/02/2001 313395YMlC 2784 Federal Home Loan Bank 0326/1997 1,000,000.00 1,002,500.00 1,000,000.00 6.715 AAA 6.715 1,149 03/26/2002 2798 Federal Home Loan Bank 08/08/1997 2,000,000.00 2,007,820.00 2,000,000.00 5.955 AAA 5.955 157 07/09/1999 None yet 2799 Federal Home Loan Bank 08/27/1997 1,000,000.00 1,008,440.00 1,000,000.00 6.500 AAA 6.500 1.303 0827/2002 3133M1VQ9 28M Federal Home Loan Bank 10/15/1997 1,000,000.00 1,008,120.00 1,000,000.00 6.230 AAA 6.230 987 10/15/2001 3133141TC3 2817 Federal Home Loan Bank 12/19/1997 1,000,000.00 1,005,470.00 1,000,458.66 5.860 AAA 5.778 235 09/24/1999 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 1,008,590.00 1,000,000.00 6.200 AAA 6.200 1,428 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 1,436 01/07/2003 3133WFBS 2832 Federal Home Loan Bank 02/17/1998 1,500,000.00 1,497,885.00 1,500,000.00 5.750 AAA 5.750 563 08/17/20W 3133M3J97 2847 Federal Home Loan Bank 05/26/1998 1,000,000.00 1,001,250.00 999,484.48 5.810 AAA S-909 788 03/30/2001 3133M3A70 2850 Federal Home Loan Bank 06/12/1998 1,000,000.00 1,000,780.00 1,000,000.00 6.000 AAA 5.997 1,155 04/01/2002 3133M5UZ1 2855 Federal Home Loan Bank 10/01/1998 2,000,000.00 2,000,000.00 2,000,000.00 5.150 AAA 5.149 241 09/30/1999 3134AOJ86 2760 Federal Home Loan Mort Corp 05/17/1996 2,000,000.00 2,011,240.00 2,000,000.00 6.990 AAA 6.990 836 05/17/2001 3134A1XF2 28M Federal Home Loan Mort Corp 08/22/1997 1,000,000.00 1,005,310.00 998,966.86 6.090 AAA 6.242 543 07/28/2000 2833 Federal Home Loan Mort Corp 03/10/1998 1,000,000.00 999,370.00 999,589.39 5.830 AAA 5.899 571 0&25/2000 3134A15T3 2835 Federal Home Loan Mort Corp 03/18/1998 1,000,000.00 999,690.00 999,926.04 5.850 AAA 5.886 756 02/26/2001 31364C-FA-1 2765 Fed.NaYI Mort.Assoc. 06/24/1996 1,000,000.00 1,008,440.00 1,000,000.00 7.070 AAA 7.070 875 06125/2001 3136404D 28W Fed.Nafl Mort.Assoc. 08/12/1997 1,000,000.00 1.026.250.00 994,933.07 6.150 AAA 6.320 1,281 OBAW002 31364C4PO 2801 Fed.NaV Mort.Assoc. 08/12/1997 1,000,000.00 1,013,280.00 995,754.22 5.910 AAA 6.221 50 08/07/2000 31364FLJ8 2818 Fed.Nafl Mort.Assoc. 12/26/1997 1,000,000.00 1,015,000.00 1,000,000.00 6.150 AAA 6.150 1.424 1212WO02 31364FNB3 2825 Fed.NO Mort.Assoc. 01/14/1998 1,D00,000.00 1,003,120.00 1,000,000.00 6.010 AAA 6.010 1,443 01/14/2003 DD7152733 2826 Fed.NO Mort.Assoc. 01/14/1998 1,000,000.00 1,003,120.00 1,000,ODO.00 6,010 AAA 6.010 1,443 01/14/2003 31364FVK5 2534 Fed.NO Mort.Assoc. 03/18/1998 1,000,000.00 1,000,470.00 1,000,000.00 5.750 AAA 5.749 402 03/09/2000 2846 Fed.Nafi Mort.Assoc. 05/21/1998 1,000,000.00 1,014,370.00 1,000,000.00 6.030 AAA 6.030 1,564 05/152003 31364FN49 2848 Fed.NaYI Mort.Assoc. 06/05/1998 1,000,000.00 1,000,620.00 1,000,000.00 5.800 AAA 5.800 492 06/072000 31364FX55 28W Fed.Nafl Mort.Assoc. 0721/1998 1,000,000.00 1,005,470.00 997,712.45 6.010 AAA 6.053 1,620 07/10/2003 EC0581545 2856 Fed.Na41 Mort.Assoc. 1029/1998 1,000,000.00 994,840.00 999,714.12 5.000 AAA 5.011 1.001 10/292001 31364GGH6 2859 Fed.Natl Mort.Assoc. 11/13/1998 1,000,000.00 995,310.00 998,804.17 5.270 AAA 5.299 1.746 11/132003 31364GPB9 2866 Fed.Nafl Mort.Assoc. 01/13/1999 1,000,000.00 999,840.00 1,000,000.00 5.260 AAA 5.260 893 07/132001 Subtotal and Average 33,776,633.61 3316001000.00 33,669,725.00 3340,831.25 6.003 we Portfolio CITY AP Run Date:03/08/1999-13:36 PM(PRF_PM2)SymRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details -Investments January 31, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equiv. Maturity Date Local Agency Investment Funds 982 Laif City 10,034,815.90 10,034,815.90 10,034,815.90 5.265 NR 5.265 1 2206 LAIF-Redevelopment Agency 18,154,944.37 18,154,944.37 18,154,944.37 5.265 NR 5.265 1 Subtotal and Average 31,657,120.82 28,189,760.27 28,189,760.27 28,189,760.27 5.265 1 Treasury Securities-Coupon 912827Z39 2783 UNITED STATES TREASURY 03/17/1997 1,000,000.00 1,044,530.00 999,819.18 6.500 AAA 6.507 942 O&31/2001 912827V66 2819 UNITED STATES TREASURY 12/10/1997 1,000,000.00 1,016,120.00 998,663.98 6.750 AAA 5.837 638 10/31/2000 912827Z96 2843 UNITED STATES TREASURY 04/29/1998 1,000,000.00 1,009,220.00 1,001,42a.65 5.875 AAA 5.680 287 11/15/1999 US9128273444 2654 UNITED STATES TREASURY 07/31/1998 1,000,000.00 1,006,a70.o0 998,964.03 5.375 AAA .5.485 364 01/31/2000 Subtotal and Average 3,99%791.65 4,000,000.00 4,078,740.00 3,998,795.84 5.877 658 Medium Term Notes 02687QAK4 2839 American Int'I Group(AIG) 03/30/1998 1,000,000.00 1,003,770.00 1,D00,464.16 5.750 Aaa 5,716 420 0327/2000 046003EL9 2830 Associated Corp. 01/29/1998 1,000,DDD.00 1,006,820.OD 1,002,377.66 6.000 AA3 5.808 500 06/15/2000 046003JPS 2857 Associated Corp. 11/06/1998 1,000,000.00 1,011,030.00 1,007,166.57 5.875 AA3 5.640 1,260 07/15/2002 05943FAES 2809 Banc One Corp. 10/14/1997 1,000,000.00 1,011,190.00 1,002,693.35 6250 AA- 6.060 578 09/012000 2840 General Electric Capital Corp 04/03/1995 1,000,W0.00 1,006,320.00 1,000,473.35 5.840 Aaa 5.799 423 03/302000 2941 General Electric Capital Corp 04/06/1998 1,000,000.00 1,013,100.00 1,000,242.49 5.920 Aaa 5.909 792 04/03/2001 61687YBU0 28W JP Morgan 10/02/1997 1,000,000.00 1,007,560.00 999,699.50 6.125 AA 6.145 609 10/022000 580135CA7 2851 McDonald's 06/30/1998 1.000,000.00 1,026,550.00 1,001,475.27 6.000 AA2 5.950 1,238 06/232002 66938HAB6 2805 Norymst Financial,Inc. 10/01/1997 2.000,000.00 2,010,500.00 2,003,750.00 6.375 AA3 5.977 242 10/01/1999 84S34ECS4 2827 Southvmstem Bell 01/12/1998 1,000,000.00 1,007,770.00 995,868.53 5.730 AA3 5.858 1,358 10212002 892332AF4 2858 Toyota Motor Credit 11/09/1998 500,000.00 503,420.00 503,312.84 5.5W AA1 5.222 959 09/172001 892332AF4 2660 Toyota Motor Credit 11/2SM998 325,000.00 327,223.00 326,397.50 5.500 AA1 5.318 959 09/172001 I 894190AK3 2838 Citigroup 03/27/1998 1,000,OO6.00 1,009,170.00 1,004,444.76 6.125 Aa3 5.770 S00 06/152000 Subtotal and Average 12,848,998.65 12,825,000.00 12,944,423.00 12,848,365.98 6.844 698 Commercial Paper Disc.-Amortizing 43760SO64 2865 Homeside Lending Inc. 01/08/1999 1,000,000.00 995,340.00 995,245.83 4.890 P-1 4.998 35 03/08/1999 43760SPN2 2868 Homeside Lending Inc. 01/27/1999 2,000,000.00 1,994,440.00 1,994,400.00 4.800 P-1 4.884 21 0222/1999 69372BPK0 2967 Paccar Financial Corporation 0127/1999 1,000,000.00 997,520.00 997,625.00 4.750 A1+ 4.831 18 02/19/1999 8S462DSH7 2869 Stanley Works 01/29/1999 1.000,000.00 986,180,01) 986,087.50 4.770 Al 4.906 105 05/17/1999 Subtotal and Average 1,969,660.28 6,000,000.00 4,973,580.00 4,973,358.33 4.900 40 Portfolio CITY AP Run Date:03f=1999-13:36 PM(PRF PM2)SyrnRept V5.O0j1 City of HB Portfolio Management Page 4 Portfolio Details -Investments January 31, 1999 Average Purchase Stated YTM 365 Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's Equiv. Maturity Date Federal Agency Disc.-Amortizing _ Subtotal and Average 1,643,197.71 Total Investments and Average 87,055,940.91 86,191,760 7 86,523,228.27 86,173,111.67 5.611 478 Portfolio CITY AP Run Date:03/08 IM-13:36 PM(PRF_PM2)SymRept V5.00j1 City of HB Portfolio Management Investment Activity BY Type e Page s January 1, 1999 through January 31, 1999 Stated Transaction Purchases Sales/Maturfties CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 99-156 Union Bank 4.100 01/04/1999 0.00 1.817.000.00 W157 Union Bank 4.475 01/04/1999 1,064,000.00 0.00 99-157 01/05/1999 0.00 1,064,000.00 99-158 Union Bank 4.100 01/05/1999 1,356,000.00 0.00 99-158 01/06/1999 0.00 1,356,000.00 99-159 Union Bank 3.975 01/06/1999 1,392,000.00 0.00 99-159 01/07/1999 0.00 1,392,000.00 99-160 Union Bank 3.850 01/07/1999 1,314,000.00 0.00 99-160 01/08/1999 0.00 1,314,000.00 99-161 Union Bank 3.975 01=11999 $22,000.00 0.00 99-161 01/11/1999 0.00 822,000.00 99-162 Union Bank 4.288 01/13/1999 1,085,000.00 0.00 99-162 01/14/1999 0.00 1,085,000.00 99-163 Union Bank 4.100 01/14/1999 1,328,000.00 0.00 99-163 01/16/1999 0.00 1,328,000.00 99-164 Union Bank 4.100 01/19/1999 740,000.00 0.00 99-164 01/20/1999 0.00 740,000.00 99-165 Union Bank 3.975 01/20/1999 818,000.00 0.00 99-165 01/21/1999 0.00 818,000.00 99-166 Union Bank 3.850 O1/21/1999 816,000.00 0.00 99-166 01/22/1999 0.00 816,000.00 99-167 Union Bank 3.850 01/22/1999 3,153,000.00 0.00 99-167 01/25/1999 0.00 3,153,000.00 99-168 Union Bank 4.288 01/26/1999 125,000.00 0.00 99-168 01/27/1999 0.00 125,000.00 W169 Union Bank 4.163 01/28/1999 904,000.00 0.00 W169 01/29/1999 0.00 904,000.00 99-170 Union Bank 4.100 01/29/1999 2,677,000.00 0.00 Subtotal 17,5%,000.00 16,734,000.00 2,677,000.00 Federal Agency Issues-Coupon 3133WYJO 2824 Federal Home Loan Bank 6.050 01/22/1999 0.00 1,000,000.00 31364GP89 2866 Fed.Nafl Mort.Assoc. 5.260 01/13/1999 1,000,000.00 0.00 Subtotal 1,000,o00.00 110001000.00 33,485,831.25 Portfolio CITY AP Run Date:03/04/1999-16:13 PM(PRF_PM3)SyrnRept V5.00il Report Ver.5.00 City of HB Portfolio Management Page 6 Investment Activity By Type January 1, 1999 through January 31, 1999 Stated Transaction Purchases Sales/Maturities CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Local Agency Investment Funds (Monthly Summary) 982 Lail,City .5.265 1,688,861.77 2,000,000.00 2206 LAIF-Redevelopment Agency 5.265 11,901,268.44 10,750,000.00 Subtotal 13,690,130.21 12,760,000.W 28,189,760.27 Treasury Securities-Coupon Subtotal 3,9W,795.84 Medium Term Notes Subtotal 12,848,365.98 Commercial Paper Disc.-Amortizing 43760SN87 2861, Homeside Lending Inc. 5.500 01/08/1999 0.00 1,000,000.00 437605NDS 2862 Homeside Lending Inc. 5.480 01/13/1999 0.00 1,000,000.00 43760SO94 2865 Homeside Lending Inc. 4.890 01/08/1999 991,985.63 0.00 43760SPN2 2868 Homeside Lending Inc. 4.8W 01/27/1999 1,993,066.67 0.00 69372BPKO 2867 Paccar Financial Corporation 4.750 01/27/1999 996,965.28 0.00 45462DSH7 2869 Stanley Works 4.770 01/29/1999 985,690.00 0.00 Subtotal 4,967,707.78 2,000,000.00 4,973,358.33 Federal Agency Disc.-Amortizing 313384AX7 280 Federal Home Loan Bank 5.090 01/22/1999 0.00 2,000,000.00 M872-AD-9 2864 Sallie Mae 5.950 01/04/1999 0.00 3,000,000,00 Subtotal 0.00 6,000,000.00 0.00 Total 37,151,837.99 37,484,000.00 86,173,111.67 Portfolio CITY AP Run Date:03/04/1999-16:13 PM(PRF_PM3)SyrnRept V5.00jl City of HB Portfolio Management Page 7 Investment Activity Summary January 1998 through January 1999 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Securities of Securities Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Matured/Sold Term Days to Maturity January 1998 47 74,810,112.68 5.865 5.947 5.742 24I-V 24-).5 782 575 February 1998 48 74,105,790.79 5.887 5.969 5.720 14 \q L? \% 810 604 March 1998 51 73,598,408.88 5.866 5.947 5.680 2a 3 28 20I 810 602 April 1998 53 80,602,816.72 5.850 5.931 5.672 24�� x Z3 786 576 May 1998 54 83,621,791.26 5.819 5.899 5.673 2a-JA 23 7.'5 773 562 June 1998 55 84,455,681.85 5.817 5.898 5.672 2e 18 26'2.10 778 563 July 1998 56 83,642,844.34 5.807 5.888 5.664 761 1 ?a 2V 841 589 August 1998 54 77,690,951.82 5.824 5.905 5.652 18110 1A-1 L 803 572 September 1998 51 77,508,594.55 5.890 5.971 5.652 20 Z% 221 Zrj 986 704 October 1998 51 78,541,518.18 5.762 5.842 5.557 2w-15 A ZS 800 565 November 1998 52 76,492,332.75 5.6B9 5.768 5.492 WZ3 2011 763 552 December 1998 54 81,367,090.50 5.639 5.718 5.374 28 13- 1Q 19 702 491 January 1999 54 87,055,940.91 5.534 5.611 5.265 w-11A 30 y� 704 478 Average 52 79,637,710.44 5.788% 5.869% 5.601 �2'y�► yr y� 795 572 Portfolio CITY AP Run Date:03/04/1999-16:13 PM(PRF_PM4)SyrnRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type January 1998 through January 1999 January February March April May June July August September October November December January Average Investment Type 1998 1998 1998 1998 1998 1998 1998 19N 1998 1998 1998 1998 1999 by Period Repurchase Agreements 1.2 0.2 1.9 0.6 2.1 1.9 2.4 2.0 5.0 2.4 4.0 2.1 3.1 2.2% Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 56.5 57.6 57.5 53.8 52.1 52.4 56.0 53.6 57.3 47.9 42.9 38.7 38.9 51.2% Local Agency Investment Funds 22.5 21.8 21.1 26.5 25.8 25.9 19.3 21.5 9.9 28.6 30.9 31.6 32.7 24.5% Treasury Securities-Coupon 2.7 2.7 2.6 3.6 3.6 3.5 5.0 5.1 6.6 5.3 5.0 4.6 4.6 4.2% Variable CD's Negotiable CD's Certificates of Deposit-Bank Medium Term Notes 9.3 9.6 10.5 12.0 11.9 12.8 13.7 14.1 18.1 14.5 16.0 14.9 14.9 13.3% Mortgage Backed Securities Bankers Acceptances-Amortizing 1.3 1.2 0.2% Commercial Paper Disc.-Amortizing 2.3 5.8 0.6% Federal Agency Disc.-Amortizing - 5.8 0.4% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Portfolio CITY AP Run Date:03/04/1999-16:13 PM(PRF_PMS)SyrnRept V5.00i1 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 1/31/99 - -g Accrued InterestPuh N Fair Vatue� Accrued rc Interest United States Treasury: Bills $ 3,466,518,535.64 $ 3,549,469,681.20 NA Notes $ 4,776,936,821.79 $ 4,807,338,500.00 $ 66,365,673.75 Federal Agency: Bonds $ 2,559,093,326.94 $ 2,560,046,525.85 $ 37,149,415.03 Floaters $ 170,000,000.00 $ 169,931,400.00 $ 1,938,046.80 MBS $ 77,956,683.93 $ 79,307,547.32 $ 457,917.72 GNMA $ 1,939,613.67 $ 2,182,143.49 $ 19,185.26 SBA $ 285,123,867.87 $ 285,907,731.25 $ 2,536,523.20 FHLMC PC $ 18,905,902.28 $ _ 20,159,609.53 $ 303,468.76 Discount Notes $ 3,268,880,631.05 $ 3,323,841,767.40 NA Bankers Acceptances $ 77,145,994.77 $ 78,109,940.36 NA Corporate: Bonds $ 572,098,086.01 $ 573,943,361.16 $ 10,754,599.36 Floaters $ 1,054,534,283.29 $ 1,052,271,721.00 $ 7,362,485.09 CDs $ 5,453,577,302.73 $ 5,448,936,379.54 $ 52,360,653.78 Bank Notes $ 1,818,119,003.31 $ 1,818,629,625.74 $ 29,439,813.89 Repurchase Agreements NA NA NA Time Deposits $ 2,004,640,000.00 $ 2,004,640,000.00 NA AB 55&GF Loans $ 2,125,693,674.33 $ 2,125,693,674.33 NA i Commercial Paper $ 9,840,449,957.16 $ 9,913,590,208.20 NA Reverse Repurchase $ 762,843,107.00 $ 762,843,107.00 $ 2,993,154.40 TOTAL $ 36,808,770,577.77 $ 37,051,156,709.37 $ 205,694,628.24 Fair Value Including Accrued Interest $ 37,256,851,337.61 Repurchase Agreements,Time Deposits,AB 55&General Fund loans,and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). RCA R, O.UTING S% EET INITIATING DEPARTMENT: CITY TREASURER SUBJECT: Investment Summary Report COUNCIL MEETING DATE: March 15, 1999 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attome Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attome Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over$5,000) Not Applicable Bonds (if applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FO RDED Administrative Staff Assistant City Administrator Initial City Administrator Initial City Clerk -EXPLANATION-FOR RETURN OF ITEM: (Below • . For