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1998 City Treasurer's Monthly Investment Summary Reports - B
edenrr&A Council/Agency Meeting Held: #_ - ; &M. zo De/f�rred/Continued to: _ !A Approved -O Conditionally Approved ❑ Denied JIv�y"- Clerk's Signature - Council Meeting Date: February 1, 1999 Department ID Number: '.,.CT 99-02 CITY OF HUNTINGTON BEACH 7 REQUEST FOR COUNCIL ACTION -+ .SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS N SUBMITTED BY: SHARI L. FREIDENRICH, City Treasu > PREPARED BY: SHARI L. FREIDENRICH, City Treasurer D SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S DECEMBER 1998 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, 1998 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, 1998, 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 December, 1998 z r= t w K City of HB Portfolio Management Page 7 Investment Activity Summary December 1997 through December 1998 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 December 1997 47 69,905,976.88 5.873 5.955 5.744 .2?A,? 2r.2?. 697 477 January 1998 47 74,810,112.68 5.865 5.947 5.742 - -K Ab 24'2a 782 575 February 1998 48 74,105,790.79 5.887 5.969 5.720 W i9 yT/ 810 604 March 1998 51 73,598,408.88 5.866 5.947 5.680 $/ 36 29, 810 6C April 1998 53 80,602,816.72 5.850 5.931 5.672 2d(z4 ,2f23 786 576 May 1998 54 83.621,791.26 5.819 5.899 5.673 28'.Zo 2Z- 773 562 June 1998 55 84,455,681.85 5.817 5.898 5.672 * A-P 2T.2 778 563 July 1998 56 83.642,844.34 5.807 5.888 5.664 A �a 2�2� - 841... 589 August 1998 54 .77,690,951.82 5.824 5.905 5.652 ;w 2w XI'i1.2 803 572 September 1998 51 77,508,594.55 5.890 5.971 5.652 w N Z3'�S 986 704 October 1998 51 78,541,518.18 5.762 5.842 5.557 38 .Z� ,a- 800 • 565 November 1998 52 76,492,332.75 5.689 5.768 5.492 .%.1 �' �0' 2 763 552 December 1998 54 81,367,090.50 5.639 5.718 5.374 W.ZZ 18�/9 702 491 Average 52 78,195,162.75 5.8140/6 5.895% 5.638 .23-Zs 2A-431 795 - 572 Portfolio CITY AP Run Date:01/19/1999-14:16 PM(PRF PM4)SymRept V5.00J1 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type December 1997 through December 1998 December January February March April May June July August September October November December Average Investment Type 1997 1998 1998 1998 1998 1998 1998 1998 1998 1998 1998 1998 1998 by Period Repurchase Agreements 1.3 1.2 0.2 1.9 0.6 2.1 1.9 2.4 2.0 5.0 . 2.4 4.0 2.1 2.1% Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 55.5 56.5 57.6 57.5 53.8 52.1 52.4 56.0 53.6 57.3 47.9 42.9 38.7 52' Local Agency Investment Funds 25.0 22.5 21.8 21.1 26.5 25.8 25.9 19.3 21.5 9.9 28.6 30.9 31.6. 23. Treasury Securities-Coupon 2.6 2.7 2.7 2.6 3.6 3.6 3.5 5.0 5.1 6.6 5.3 i 5.0 4.6 4.1% Variable CD's Negotiable CD's - Certificates of Deposit-Bank Medium Term Notes 10.5 9.3 9.6 10.5 12.0 11.9 12.8 13.7 14.1 18.1 14.5 16.0 14.9 12.9% Mortgage Backed Securities Bankers Acceptances-Amortizing 1.3 1.2 0.2% Commercial Paper Disc.-Amortizing 2.3.. 0.2% Federal Agency Disc.-Amortizing 5.8 0.4% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Portfolio CITY AP Run Date:01/19/1999-14:16 PM(PRF_PMS)SyrnRept V5.00J1 Report Ver.5.00 JAN-19-1999 15=10 FROM CALIF ST. TREASURER LAIF TO .87143741603 P.02 State of California P.00ted Money Investment Account _ 4 <� Market Val t ln _ r 12131 l98 - _ 1 - _ r slits United States Treasury. Bills $ ! 3,207,800,170.01 $ 3,273,658,263.01 $ `3,278,750,186.80 NA Notes $ -4,828,095,088.02 $ 4,826,497 416.32 $ 4 861,566,500.00 $ 65,657,076.25 Federal en , Bonds $ ` i 2,815,609 518.80 $ 2.812.199216.19 $ 2,816.148 994.00 $ '41 122,790.63 Floaters $ 170,000 000.00 $ 170,000,000.00 $ 169,918,100.00 $ -:1,190,959.90 MSS $ 69,537 569.96 $ 69,537,569.96 $ 91,117 662.64 $ 526.246.84 GNMA $ i. 1,986,284.48 $ 1,986,284.48 $ 2,228,195.34 $ 19,644A4 SBA $ i 278,039,576.81 $ 278,556,609.56 $ 279,746,061.50 $ 2,716,777.77 FHLMC PC IS 19,331 848.26 $ 19,331,848.26 $ 20,603,392.10 $ 310,276A5 Discount Notes $ t 2,791,915,768.84 $ 2,832 196,628.42 $ 2,834,795,296.05 NA Bankers Acceptances $ 65,410 488.10 $ 66.016.245.26 $ 66,028,537.13 NA CO rate: Bonds $ 629,243,852.80 $ 628.391.144.47 $ 629,923,196.20 $ 11,951,703.81 Floaters $ I 1,024,392,889.88 S 1,024,236,828.21 $ 1,022,492,080.50 $ 6.228,859-64 CDs $ ; 4.593.820.714.03 $ 4,592,061,997.22 $ 4.593,395,178,31 $ 64.565.248.11 bank Notes $ 1,934,980,489.48 $ 1,934,980,489.48 $ 1935.623.782.10 $ 29,241 176.39 Repurchase Agreements NA NA NA NA Time De sits $ 1,958,140,000.00 $ 1,958,140,000.00 $ 1,958,140,000.00 NA AS 55 8 GF Loans $ i 2,172,055,812.34 $ 2172.055.812.34 $ 2,172,055,812.34 NA Commercial Paper $ 7,980 736.794.30 3 8,039,231,629.95 $ 8,040,465,758.92 NA Reverse Repurchase $ 297,895,000.00 $ 297,895,000.00 $ 297,895,000.00 $ 855,787.55 TOTAL $ i 34.263,801,846,11 $ 34,421,182,983.13 $ 34,475,123,734.83 $ 222,674,970.68 Fair Value Including Accilued Interest $ 34,697,798,705.51 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agieements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost (1.00.1567080). 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 $20,031,341.60, or$20,000,000,00 x 1.001567080. .. - ` ^a � a�„�fpi.•,, ywa.awqu �Nam»w: - evi�+ + "c".r 11 TOTAL P.02 A .1iRgY.TIN G :S H E ET INITIATING c = :CITY TREASURER -' DEPARTMENT: - SUBJECT: lnvestmehtSummary.Report = --_JCOUNCIL MEETING DATE:- _=-= -_-----February 1 ,=1999 =- - -- Ordinance (w/exhibits & legislative draft if applicable) Not Ap licable 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 ...__ .. :`_ ., :.:.REVIEWED. Administrative Staff Assistant City Administrator Initial City Administrator Initial we [City Clerk EXP_.LANATIO.N FOR_RETURN'OF Only)(Below Space For City Clerk's Use City of Huntington Beach RECEIVED a//9q CITY CLERK Summary of Investment Pc, tfolio CITY OF � cy rov Activity for December, 1998 HUPtTINGTON BEACH. C -7-0 1999 FEB - i P 12: 51 Financial Information: Increase November December (Decrease) End of month City Portfolio Balance $80,353,141 $86,489,533 $6,136,392 Accrued Interest at Purchase $26,430 $25,264 ($1,166) Interest Earned for Month $369,607 $395,688 $26,081 Eamed Interest Yield Average 5.88% 5.73% -0.15% Average Maturity ( in days) 552 491 -61 End of Month Market Value $80,729,780 $86,876,602 $6,146,822 End of month bank cash balance $2,796,081 $4,020,996 $1,224,915 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $300,000 $395,688 $95,688 Interest Earned Year to Date $900,000 $1,149,852 $249,852 Earned Interest Yield Year to Date 5.50% 5.79% 0.29% Transaction Summary: Increase November December (Decrease) Number of Securities Purchased 23 22 -1 Number of Securities Matured/Sold 21 19 -2 Summary by Individual Investment: Days Int. December % of Total Policy Limit to Mat. Rate Repurchase Agreements $1,817,000 2% None 1 4.16% Federal Agy Issues - Coupon $33,484,720 39% None 915 6.03% Local Agency Inv. Fund (LAIF) $27,349,630 31% $40 million 1 5.37% Medium Term Notes $12,849,718 15% 20% 729 5.84% Treasury Securities - Coupon $3,998,787 5% None 589 5.88% Commercial Paper - Disc. $1,997,104 2% 15% 9 5.59% Federal Agency-Disc. $4,992,574 6% None 10 5.70% Total $86,489,533 100% Thws~s Report-Sbsr/L.ReWWWM.CPA TREASURER'S REPORT .7(�,3 Shari L. Freidenrich, CPA February 1, 1999 slide I Treasurer's Report-Shari L.Freidenrich,CPA Investment Percentages By Type of Investment Federal *_ Agendas 39°kM, 31 k tu'f (N �§' ^ s y Slide 2 2 07/17/1998 CITY OF HUNTINGTON BEACH PM - 5 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY JUNE 1, 1998 - JUNE 30, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 98-189 UNION BANK OF CALIFORNIA 5.100 06/22/1998 679,000.00 06/23/1998 679,000.00 98-189 UNION BANK OF CALIFORNIA 4.975 06/23/1998 1,235,000.00 06/24/1998 1,235,000.00 98-190 UNION BANK OF CALIFORNIA 4.975 06/24/1998 624,000.00 06/25/1998 624,000.00 98-191 UNION BANK OF CALIFORNIA 5.163 06/25/1998 916,000.00 06/26/1998 916,000.00 98-172 Union Bank 5.288 06/01/1998 1,756,000.00 98-173 Union Bank 5.350 06/01/1998 2,295,000.00 06/02/1998 2,295,000.00 98-174 Union Bank 5.163 06/02/1998 1,596,000.00 06/03/1998 1,596,000.00 98-175 Union Bank 5.163 06/03/1998 1,651,000.00 06/04/1998 1,651,000.00 98-176 Union Bank 5.163 06/04/1998 1,919,000.00 06/05/1998 1,919,000.00 98-177 Union Bank 4.975 06/05/1998 501,000.00 06/08/1998 501,000.00 98-178 Union Bank 5.038 06/08/1998 939,000.00 06/09/1998 939,000.00 98-179 Union Bank 4.975 06/09/1998 754,000.00 06/10/1998 754,000.00 98-180 Union Bank 5.038 06/10/1998 220,000.00 06/11/1998 220,000.00 98-181 Union Bank 5.100 06/11/1998 431,000.00 06/12/1998 431,000.00 98-182 Union Bank 5.225 06/12/1998 570,000.00 06/15/1998 570,000.00 98-183 Union Bank 5.350 06/15/1998 757,000.00 06/16/1998 757,000.00 98-184 Union Bank 5.163 06/16/1998 957,000.00 06/17/1999 957,000.00 98-185 Union Bank 5.163 06/17/1998 2,245,000.00 06/18/1998 2,245,000.00 98-186 Union Bank 5.100 06/18/1998 1,761,000.00 06/19/1998 1,761,000.00 98-187 Union Bank 5.038 06/19/1998 446,000.00 06/22/1998 446,000.00 98-192 Union Bank 5.225 06/26/1998 1,703,000.00 06/29/1998 1,703,000.00 98-193 Union Bank 5.350 06/29/1998 2,557,000.00 06/30/1998 2,557,000.00 07/17/1998 CITY OF HUNTINGTON BEACH PM - 6 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY JUNE 1, 1998 - JUNE 30, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- 98-194 Union Bank 5.850 06/30/1998 1,646,000.00 SUBTOTALS and ENDING BALANCE 26,402,000.00 26,512,000.00 1,646,000.00 BANKERS ACCEPTANCES 2,930,008.61 COMMERCIAL PAPER - DISCOUNT 2822 General Electric 5.520 06/29/1998 972,400.00 0.00 FEDERAL AGENCY ISSUES - COUPON 2849 Federal Home Loan Bank 5.800 06/10/1998 1,000,000.00 2850 Federal Home Loan Bank 6.000 06/12/1998 1,000,000.00 2762 Fed. Nat'l Mort. Assoc. 6.870 06/01/1998 1,000,000.00 2848 Fed. Nat'l Mort. Assoc. 5.800 06/05/1998 1,000,000.00 2816 Sallie Mae 6.000 06/17/1998 1,000,000.00 SUBTOTALS and ENDING BALANCE 3,000,000.00 2,000,000.00 44,980,036.56 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 982 Laif City 5.671 1,000,000.00 2206 LAIF-Redevelopment Agency 5.671 4,000,000.00 4,500,000.00 SUBTOTALS and ENDING BALANCE 5,000,000.00 4,500,000.00 22,259,188.93 TREASURY SECURITIES - COUPON 3,000,383.60 MEDIUM TERM NOTES 2851 McDonald's 6.000 06/30/1998 1,001,730.00 11,016,700.54 ------------------------------------------------------------------------ TOTALS 35,403,730.00 33,984,400.00 85,834,318.24 07/17/1998 PM - 7 CITY OF HUNTINGTON BEACH CITY INVESTMENT ACTIVITY SUMMARY ACCRUAL JUNE 1997 through JUNE 1998 YIELD TO MATURITY MANAGED NUMBER OF NUMBER OF AVERAGE MONTH NUMBER OF AVERAGE 360 365 POOL SECURITIES SECURITIES AVERAGE DAYS TO END YEAR SECURITIES BALANCE EQUIV EQUIV RATE PURCHASED MATURED/SOLD TERM MATURITY ------------------------------------------------------------------------------------------------------------------- June 97 39 75,469,000.14 5.811 5.891 5.667 �aV 24 500 316 July 97 40 74,774,818.80 5.785 5.866 5.679 a"4l 5 ,g2- � 475 274 August 97 43 68,518,043.98 5.852 5.933 5.690 )V-7?/ ,y9- 581 378 September 97 41 68,579,209.87 5.884 5.966 5.707 �c/ J 9 598 376 October 97 40 67,919,648.94 5.924 6.006 5.705 �! 720 476 November 97 42 65,233,959.37 5.927 6.010 5.715 718 479 December 97 47 69,905,976.88 5.917 5.999 5.744 " �Yv 697 477 January 98 47 74,810,112.68 5.911 5.993 5.742 '.9" ^✓aJ 782 575 February 98 48 74,105,790.79 5.931 6.013 5.720 J3/(j y7� /Vy 810 604 March 98 51 73,598,396.03 5.912 5.994 5.680 �3v �pz,/?, 810 602 April 98 53 80,602,759.04 5.895 5.977 5.672 �S/a,(pi✓ 786 576 May 98 54 83,621,791.26 5.864 5.946 5.673 ��`�' 173 562 June 98 55 84,455,681.85 5.864 5.945 5.671 � /� �1� 778 563 AVERAGES 46 $ 73,956,437.71 5.883& 5.965& 5.697& �.7� .30 694 481 07/17/1998 PM - 8 CITY OF HUNTINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE JUNE 1997 through JUNE 1998 MONTH ------------------------------------------------ TYPES OF INVESTMENTS ----------------------------: YEAR RPA SCD BAC COM CPI PAC FAD LA1 TRC TRD MTN NCB BCD MCI MD1 PA1 GN1 -`---------------------------------------------------------------------------------------------------------------------------------- JVne 97 8.5 3.7 7.5 32.3 36.6 2.5 8.9 July 97 8.0 5.4 8.2 31.3 34.5 2.8 9.8 August 97 6.1 4.2 5.6 41.8 1.4 31.0 2.8 7.1 September 97 2.7 2.8 5.7 44.5 34.0 2.9 7.3 October 97 4.5 3.0 56.7 20.7 1.5 13.7 November 97 0.2 2.9 1.5 57.7 22.7 1.5 13.5 December 97 1.3 1.3 - 3.8 55.5 25.0 2.6 10.5 January 98 1.2 4.0 3.9 56.5 22.5 2.7 9.3 February 98 0.2 4.1 4.0 57.6 21.8 2.7 9.6 March 98 1.9 2.6 3.8 57.5 21.1 2.6 10.5 April 98 0.6 2.3 1.2 53.8 26.5 3.6 12.0 May 98 2.1 3.5 1.2 52.1 25.8 3.6 11.9 June 98 1.9 3.4 52.4 25.9 3.5 12.8 ---------------------------------------------------------------------------------------------------------------------- AVERAGES 3.0% 3.311 3.68 50.0& 0.1& 26.8& 2.7* 10.54s RPA - Repurchase Agreements SCD - Certificates of Deposit BAC - Bankers Acceptances COM - Commercial Paper - Discount CPI - Commercial Paper - Interest Bearing FAC - Federal Agency Issues - coupon FAD - Federal Agency Issues - Discount LA1 - Local Agency Investment Funds TRC - Treasury Securities - Coupon TRD - Treasury Securities - Discount MTN - Variable CD's NCB - Negotiable CD's BCD - Certificates of Deposit - Bank MCI - Medium Term Notes MD1 - Miscellaneous Securities - Discount PA1 - County Funds/ Passbook 041 - Mortgage Backed Securities JUL-20-1998 13:55 FROM ''ALIF ST. TREASURER LAIF TO 87143741603 P.02 State of California Pooled Money Investment Account Market Valuation 6/30/98 .N I United States!Treas! Bills $ I 2,718AS2,394.88 $ 2,772,839,358.99 $ 2,774,038 850.00 NA Notes $ ! 5,617,925,693.11 $ 5,611,215,275.65 $ 5 519,382,200.00 $ 71,157,557.78 Federal Agency: Bonds $ ' 1,535,102,703.52 $ 1,834,862,025.66 S 1 635,160,723.35 $ 27,859,512.20 Floaters $ i 170,000,000.00 $ 170,000,000.00 $ 169,910,400.00 S 1,284,069.40 MBS $ I 127,080,948.95 $ 127,080,948.95 $ 127,925,146.97 $ 748,631.94 GNMA $ ;1 2,301,732.52 S 2,301 732.52 $ 2,625,536:00 $ 22 743.99 SEA s I 236,728,529.53 $ 236,643,762.07 3 238,275,333.90 $ 2,362,434.92 FHLMC PC $ 1 22,483,531.74 $ 22,483,531.74 $ 24,038,536.16 $ 361,117,16 Discount Notes $ i 519,566,096.12 $ 522,530,474.63 $ -522,114,450.00 NA i I Bankers Acceptances S ! 20,758,063.33 $ 20,841,535.81 $ 20,844 646.17 NA Corporate: Bonds $ 1,001,231,468.03 S 1000,471876.43 $ 1,000,306,475.78 $ 16,474,442.82 Floaters $ ; 722,661,949.38 5 722,805,494.83 $ 722,752 076.60 $ 3,624,915.13 COS $ 4,767,683,438.61 $ 4,762,147,667.93 $ 4,761,260166.14 $ 41,582,598.35 Bank Notes $ 1 1,270,976,190.00 $ 1,270,976,190.00 S 1 270,738,665.89 $ 9,877,744.46 Repurchase A reement NA NA NA NA Time De osits S 1,544,890,000.00 $ 1,544,890,000.00 $ 1,544,890,000.00 NA AB 55&GF Loans $ 2,051,393,401.29 $ 2,051,393,401.29 $ 2 051,393,401.29 NA Commercial Pe er $ 1 9,387,431,190:24 $ 9 446 717,664.45 $ 9,446,571,062.51 NA Reverse Repurchase NA NA NA NA TOTAL $ 31,816,867,331.25 1 $ 31 920,000,840.75 1 $ 31,932,227,969,56 $ 175,336 768.15 Fair Value Including Accrued Interest $ 32,107,563,737.81 Repurchase Agreements; Time Deposits, AB 55 &General Fund loans, and Reverse Repurchase aireements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost (1.000383055). .As an example: if an agency has an account balance of$20,000,000.00, then the agency would report its participation-in-the-LAlF-valued-at-$20,007,661.10-0r$20,000,000 00 x 15.000383055. RECEIVED FROM if,� L� — AND MADE A PART OF T ECORD-T E COUNCIL MEETING OF " OFFICE OF THE CITY CLERK CONNIE BROCKWAY,CITY CLERK Trreasure t Report-Shari L FmWemlch,CPA TREASURER'S - REPORT Shari L. Freidenrich, CPA August 3, 1998 Slide 1 Treasurer's Report-Shari L.Freidenrich,CPA Investment Objectives • Safety • Invest only in Debt Instruments • Liquidity • Yield Slide 2 Treasurer's Report-Shari L.Freidenrich,CPA Investment Balance Trends Portfolio Balances b ,Tyke $65M $65M $79M $77M $77M $86M 100°A o Treasuries 80% ■OCIP a :�,•K �, � ®Med Notes 60°� _, El ®Fed Ag. 40% " O CP ice, t7 20% a BA O Re ur. 0° Slide 3 Nov-94 Jun-96 Jun-97 Decr97 Mar-98 Jun-98 Treasurer's Report-Shari L.Freidenrich,CPA Summary - Investment Portfolio Individual Investments: June 1998 Investment Type PortroJlo Percent l= Policy Umft Repurchase Agree. 2% None Banker Acceptances 3% 250/6 Federal Agcy. Issues 52% None LAIF $22M $40 M Med Term Notes 13% 200/6 US Treasuries 40/6 None Slide 4 Treasurer's Report-Shari L.Freidenrich,CPA Investment Maturities by Days Ending June 1997 and June 1998 500/c 45% 01 Day ®2-180 Days 40oA°. 28% 111.5-1Yr. 0 30 i6 80� *q 220,6 01 -1.5 Yr. 200A 6%9% 9% 110A ■1.5-2 Yr. ❑2-3Yr. 10% - 1% a � ®3-4 Yr. 04-5 Yr. 11% 3% 2°i6 6%t Slide 5 1997 1998 Treasurer's Report-Shari L Freidenrich, CPA General Fund Est. Cash Flow July 1998 to Dec 1998 $10,000,000 $11,558,715 Amm $5,000,000 $0 ($5,000.000) ($142,054) $1,253,915)($Z169,057) ($10,000,000) ($5,537,573) $19,225,000) ($15,000,000) Jul-a8 Aug-08 Sep-98 Oct-sB Nov-98 Dec-98 Slide 6 • r Treasurer's Report-Shari L.Fieidenrich,CPA Investment Yields Trends E3 LAIF/T:Bill Ave. 0 Actual = LAIF 8.00% 7 00% 6.73% 6.93% 6.96% 6.96% 6.00% 6.61% 6.64% 6.66% V ..,, 4.00% TAM 3.00% W IN. 2.00% � ems. 4. Jun-97 Dec-97 Mar-98 Jun-98 Slide 7 Treasurer's Report-Shari L Freidenrich,CPA Summary • Certification of Investment Policy • Status of OC Settlement • Recommendation to City Council Slide 8 Council/Agency Meeting Held: 7 /�a�9 88 Deferred/Continued to: C/App ovedd ❑ Conditionally Approved ❑ Denied City Clerk's Signature Council Meeting Date: July 20, 1998 Department ID Number: CT 98-007 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurgl PREPARED BY: SHARI L. FREIDENRICH, City Treasuree SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MAY 1998 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, 1998 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, 1998, 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): co =+ City Clerk's Page Numberp ,Cc� c�CD r,-n t ' _ - _ 1 Monthly Investment Report and Summary of D Investments for May, 1998 _z o > Monthly Investment Report and Summary of Investments for May, 1998 R City of Huntington Beach Summary of Investment Portfolio Activity for May, 1998 Financial Information: Increase April May (Decrease) End of month City Portfolio Balance $83,621,297 $84,415,117 $793,819 Accrued Interest at Purchase $80,601 $54,458 ($26,143) Interest Earned for Month $396,828 $418,395 $21,567 Earned Interest Yield Average 5.99% 5.89% -0.10% Average Maturity ( in days) 576 562 -14 End of Month Market Value $83,735,139 $84,568,229 $833,090 End of month bank cash balance $2,187,077 $3,043,562 $856,485 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $418,395 $143,395 Interest Earned Year to Date $2,200,000 $2,923,478 $723,478 Earned Interest Yield Year to Date 5.50% 5.96% 0.46% Transaction Summary: Increase April May (Decrease) Number of Securities Purchased 26 24 -2 Number of Securities Matured/Sold 23 23 0 Summary by Individual Investment: Days Int. May % of Total Policy Limit to Mat. Rate Repurchase Agreements $1,756,000 2% None 1 5.36% Bankers Acceptances $2,930,009 3% 25% 100 5.58% Commercial Paper- Discount $972,400 1% 15% 28 5.76% Federal Agy Issues - Coupon $43,979,093 52% None 828 6.12% Local Agency Inv. Fund (LAIF) $21,759,189 26% $40 Million 1 5.67% Medium Term Notes $10,017,966 12% 20% 811 5.98% Treasury Securities $3,000,460 4% None 867 6.01% Total $84,415,117 100% 06/25/1998 CITY OF HUNTINGTON BEACH PM - 1 PORTFOLIO MASTER SUMMARY CITY MAY 31, 1998 ACCRUAL . AVERAGE ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT ------------------------------------------------------------------------------------------------------------------------------------ Repurchase Agreements. .......................$ 1,756,000.00 2.08 3 0 5.288 5.361 Bankers Acceptances. . . . ......... .............$ 2,930,008.61 3.47 156 100 5.505 5.582 Commercial Paper - Discount.. . . . . .. . ... .. ....$ 972,400.00 1.15 180 28 5.677 5.756 Federal Agency Issues - Coupon. .. . . . .. . ......$ 43,979,092.69 52.10 1,176 828 6.036 6.120 Local Agency Investment Funds. ... ... ... . . ....$ 21,759,188.93 25.78 1 1 5.595 5.673 Treasury Securities - Coupon. ................$ 3,000,460.60 3.55 1,083 867 5.925 6.008 Medium Term Notes.......................... . .$ 10,017,965.74 11.87 957 811 5.902 5.984 ------------------------------------------------------------------------------ TOTAL INVESTMENTS and AVERAGES.............$ 84,415,116.57 100.00% 773 562 5.864% 5.946% ------------------------------------------------------------------------------ CASH Passbook/Checking Accounts... . .. . .. . .........$ 0.00 0.000 0.000 (not included in yield calculations) Accrued =nze-est at �urcnase. . . .. . . . . . . . . . ...$ 54,458.06 ----—--------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST........ .. . . .$ 54,458.06 ------------------------------------------------------------------------------ TOTAL CASH and INVESTMENTS.................$ 84,469,574.63 MONTH ENDING FISCAL FISCAL TOTAL EARNINGS MAY 31 YEAR TO DATE YEAR ENDING Current Year $ 418,395.29 $ 2,923,478.40 .AVERAGE Li-IL,' 3ALANCE $ 83,621,791.26 $ 73,726,738.25 EFFECTIVE RAPE OF RETURN 5.89% 5.96% Current Budget $ 275,000.00 $ 2,200,000.00 $ 3,300,000.00 I certify that this report accurately reflects all City and Redevelopment Agency REI N. ICH pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on Dec. 15, 1997. A copy of this 7/`l'!/ n policy is available at the office of the City Clerk. The investment program 7 herein shown provides sufficient cash flow liquidity to meet the next six DATE month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J. Kenney pricing services. 06/25/1998 CITY OF HUNTINGTON BEACH PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY MAY 31, 1998 ACCRUAL i N'r ESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT M REPURCHASE AGREEMENTS 98-172 Union Bank 05/29/98 1,756,000.00 1,756,000.00 1,756,000.00 5.288 5.361 06/01/98 0 AVERAGES 891,290.32 BANKERS ACCEPTANCES 233 Bank of America 03/24/98 974,093.33 1,000,000.00 984,100.00 5.360 5.579.-A1+Pl 09/14/9c" i05 22;7 Sank of America 03/25/98 982,41-7.50 1,000,000.00 992,500.00 5.410 5.583 Ai-Pi 07/20/9c 23•:= Bank of New York 05/01/98 973,497.78 1,000,000.00 977,790.00 5.360 5.582 A1P1 10/26/98 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 2,930,008.61 2,930,008.61 - 2,954,390.00 3,000,000.00 5.582 100 COMMERCIAL PAPER - DISCOUNT 2822 General Electric 12/31/97 972,400.00 1,000,000.00 999,190.00 5.520 5.756 AAA 06/29/98 28 AVERAGES 1,165,855.65 FEDERAL AGENCY ISSUES - COUPON FEDERAL FARM CREDIT BANK 11/20/97 1,000,257.23 1,000,000.00 1,003,600.00 5.910 5.980 AAA 11/20/00 5:!3 23=: FEDERAL FARM CREDIT BARK 02/02/98 1,000,000.00 1,000,000.00 995,000.00 5.310 5.891 AAA 02/02/01 977 2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,999,060.00 5.180 5.180 AAA 08/26/98 86 2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 998,750.00 5.300 5.300 AAA 11/18/98 170 2784 Federal Home Loan Bank 03/26/97 1,000,000.00 1,000,000.00 1,007,030.00 6.715 6.715 AAA 03/26/02 1,394 2798 Federal Home Loan Bank 08/08/97 2,000,000.00 2,000,000.00 2,006,240.00 5.955 6.041 AAA 07/08/99 402 2799 Federal Home Loan Bank 08/27/97 1,000,000.00 1,000,000.00 1,006,090.00 6.500 6.590 AAA 08/27/02 1,548 2804 Federal Home Loan Bank 09/30/97 2,000,000.00,t 2,000,000.00 2,001,240.00 5.735 5.815 AAA 09/30/98 121 2806 Federal Home Loan Bank 10/15/97 1,-000,000.00 1,000,000.00 1,002,340.00 6.230 6.317 AAA 10/15/01 1,232 2607 Federal Home Loan Bank 10/01/97 5,000,000.00 5,000,000.00 5,003,100.00 5.735 5.814 AAA 09/30/98 121 28-.- Federal Home Loan Bank 11/24/97 1,000,000.00 1,000,000.00 1,000,780.00 6.120 6.205 AAA 11/24/00 907 _ecera- Nome Loan Bank 11/07/97 1,000,134.43 1,000,000.00 1,000,940.00 6.035 6.10:. AAA 11/05/99 S22 Federal Sicme Loan Bank 12/19/97 1,000,931.10 1,000,000.00 1,007.,550.00 5.350 5.858 AAA 09/2.t/99 4Q,-, 2020 Federal Home Loan Bank 12/30/97 1,000,000.00 1,000,000.00 1,000,620.00 6.200 6.286 AAA 12/30/02 1,673 282'_ Federal Home Loan Bank 01/07/98 1,000,000.00 1,000,000.00 1,001,250.00 6.215 6.301 AAA 01/07/03 1,68i 2824 Federal Home Loan Bank 01/22/98 1,000,000.00 1,000,000.00 999,840.00 6.050 6.134 AAA 01/22/01 966 2832 Federal Home Loan Bank 02/17/98 1,500,000.00 1,500,000.00 1,494,135.00 5.750 5.830 AAA 08/17/00 808 2847 Federal Home Loan Bank 05/26/98 997,387.44 1,000,000.00 996,250.00 5.810 5.991 AAA 03/30/01 1,033 2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 , 2,000,000.00 2,021,880.00 6.990 6.990 AAA OS/17/01 1,081 28C3 Federal Home Loan Mort Corp 08/22/97 997,566.00 1,000,000.00 1,002,190.00 6.090 6.328 AAA 07/28/00 788 2833 Federal Home Loan Mort Corp 03/10/98 998,783.30 1,000,000.00 997,030.00 5.830 5.981 AAA 08/25/00 816 2335 Federal Home Loan Mort Corp 03/18/98 999,215.98 1,000,000.00 995,470.00 5.850 5.968 AAA 02/26/01 1,001 2 Federal Home Loan Mort Corp 04/03/98 1,001,260.68 1,000,000.00 1,000,470.00 6.650 6.666 AAA 07/31/02 1,521 : 52 Fed. Nat'l xor=. Assoc. 05/30/96 1,000,000.00 1,000,000.00 1,002,660.00 6.870 6.965 AAA 06/01_/01 1,05E 2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,013,590.00 7.070 7.070 AAA 06/25/0i 1,120 2790 Fed. Nat'l Mort. Assoc. 06/25/97 1,496,157.20 1,500,000.00 1,494,375.00 5.720 6.185 AAA 02/16/99 260 2797 Fed. Nat'l Mort. Assoc. 08/08/97 999,540.39 1,000,000.00 1,000,620.00 6.140 6.319 AAA 08/07/00 798 • �-6/25/1998 CITY OF HUNTINGTON BEACH PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY MAY 31, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS %JMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT -------------------------------------------------------------------------------------------------------------------------------- .-DERAL AGENCY ISSUES - COUPON 2800 Fed. Nat'l Mort. Assoc. 08/12/97 993,971.00 1,000,000.00 1,012,970.00 6.150 6.408 AAA 08/05/02 1,526 2901 Fed. Nat'l Mort. Assoc. 08/12/97 993,887.94 1,000,000.00 1,003,750.00 5.910 6.307 AAA 08/07/00 798 2818 Fed. Nat'l Mort. Assoc. 12/26/97 1,000,000.00 1,000,000.00 1,003,120.00 6.150 6.235 AAA 12/26/02- 1,669 2825 Fed. Nat'l Mort. Assoc. 01/14/98 1,000,000.00 1,000,000.00 993,910.00 6.010 6.093 AAA 01/14/03 1,688 2826 Fed. Nat'l Mort. Assoc. 01/14/98 1,000,000.00 1,000,000.00 993,910.00 6.010 6.093 AAA O1/14/03 1,688 2834 Fed. Nat'l Mort. Assoc. 03/18/98 1,000,000.00 1,000,000.00 997,660.00 5.750 5.829 AAA 03/09/00 647 2846 Fed. Nat'l Mort. Assoc. 05/21/98 1,000,000.00 1,000,000.00 999,840.00 6.030 6.113 AAA 05/15/03 1,809 2816 Sallie Mae 12/17/97 1,000,000-00 11000,000.00 1,000,160.00 6.000 6-.083 AAA 06/17/99 381 ---------------- --------------- -------------- -------------- ------ ----- --?TOTALS and AVERAGES 44,946,840.57 43,979,092.69 44,051,430.00 M 44,000,000.00 6.120 828 LOCAL AGENCY INVESTMENT FUNDS 982 Laif City 7,902,712.38 7,902,712.38 7,902,712.38 5.673 5.673 NR 1 2206 LAIF-Redevelopment Agency 13,856,476.55 13,856,476.55 13,856,476.55 5.673 5.673 NR 1 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 20,668,866.35 21,759,188.93 21,759,188.93 21,759,188.93 5.673 1 - cASJRY SECURITIES - COUPON .-7_3 UNITED STATES TREASURY 03/17/97 999,772.15 1,000,000.00 1,026,090.00 6.500 6.507 AAA 08/31/01 1,187 2c-.i UNITED STATES TREASURY 12/10/97 998,040.22 1,000,000.00 1,004,220.00 5.750 5.837 AAA 10/31/00 883 2843 UNITED STATES TREASURY 04/29/98 1,002,648.23 1,000,000.00 1,004,220.00 5.875 5.680 AAA 11/15/99 532 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 3,000,499.10 3,000,460.60 3,034,530.00 3,000,000.00 6.008 867 MEDIUM TERM NOTES 2839 American Int'l Group (AIG) 03/30/98 1,000,731.94 1;000,000.00 999,400.00 5.750 5.795 Aaa 03/27/00 665 2830 Associated Corp. 01/29/98 1,003,532.80 1,000,000.00 1,001,520.00 6.000 5.889 AA3 06/15/00 745 _3^.3 Banc One Coro. 10/14/97 1,003,827.39 1,000,000.00 1,003,180.00 6.250 6.145 AA- 09/01/00 622 General Electric Capital Co 04/03/98 1,000,744.48 1,000,000.00 999,400.00 5.840 5.880 Aaa 03/30/00 6 6 a _c General Electric Capital Co 04/06/98 1,000,316.91 1,000,000.00 1,001,260.00 5.920 5.989 Aaa 04/03/01 1,037 2808 JP Morgan 10/02/97 999,579.50 1,000,000.00 1,004,220.00 6.125 6.230 AA 10/02/00 854 2805 Norwest Financial, Inc. 10/01/97 2,007,500.00 2,000,000.00 2,010,240.00 6.375 6.060 AA3 10/01/99 487 2827 Southwestern Bell 01/12/98 995,128.56 1,000,000.00 989,260.00 5.730 5.939 AA3 10/21/02 1,603 2838 Travelers Group Inc. 03/27/98 1,006,604.16 1,000,000.00 1,005,020.00 6.125 5.850 Aa3 06/15/00 745 ----------------- -=---------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 10,018,430.67 10,017,965.74 1 10,013,500.00 10,000,000.00 5.984 811 ----------------------------------------------------------------------------------------------------- ):VESTMENTS and AVG. 5 64,415,116.57 84,568,228.93 83,621,791.26 84,515,188.93 5.946% 5.2 09/25/1998 CITY OF HUNTINGTON BEACH PM - 4 INVESTMENT PORTFOLIO DETAILS - CASH CITY MAY 31, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE A STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- Accrued -nteresc at Purchase 54,458.06 -------------------------------------------------------------------------------- TOTAL CASH $ 54,458.06 TOTAL CASH and INVESTMENTS $ 83,621,791.26 84,469,574.63 A - A CITY OF HUNTINGTON BEACH PM - 5 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY MAY 1, 1998 - MAY 31, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- :?PURCHASE AGREEMENTS 99-153 Union Bank 5.100 05/01/1998 535,000.00 98-154 Union Bank 5.038 05/01/1998 698,000.00 05/04/1998 698,000.00 98-155 Union Bank 5.100 05/04/1998 988,000.00 05/05/1998 988,000.00 98-156 Union Bank 4.975 05/05/1998 646,000.00 05/06/1998 646,000.00 98-157 Union Bank 4.913 A 05/06/1998 772,000.00 '05/07/1998 772,000.00 98-158 Union Bank 4.850 05/07/1998 1,210,000.00 OS/08/1998 1,210,O00.00 9 -iS 9 Union Bank 4.975 05/08/1998 999,000.00 05/11/1998 999,COC.00 98-160 Union Bank 5.038 05/11/1998 572,000.00 05/12/1998 572,000.00 98-161 Union Bank 5.100 05/12/1998 924,000.00 05/13/1998 924,000.00 98-162 Union Bank 5.100 05/13/1998 1,083,000.00 05/14/1998 1,083,000.00 98-163 Union Bank 5.163 05/14/1998 513,000.00 05/15/1998 513,000.00 98-164 Union Bark 5.350 05/15/1998 565,000.00 05/18/1998 565,000.00 98-165 Union Bank 5.163 05/18/1998 1,238,000.00 05/19/1998 1,238,000.00 98-166 Union Bank 5.038 05/19/1998 704,000.00 05/20/1998 704,000.00 98-167 Union Bank 5.038 05/20/1998 1,267,000.00 05/21/1998 1,267,000.00 98-168 Union Bank 5.038 05/21/1998 1,294,000.00 05/22/1998 1,294,000.00 98-169 Union Bank 5.163 05/26/1998 1,285,000.00 05/27/1998 1,285,000.00 93-170 Union Bank 5.100 05/27/1998 1,433,000.00 A ,05/28/1998 1,433,000.00 98-171 Union Bank 5.163 05/28/1998 1,647,000.00 05/29/1998 1,647,000.00 98-172 Union Bank 5.288 05/29/1998 1,756,000.00 SUBTOTALS and ENDING BALANCE 19,594,000.00 18,373,000.00 1,756,000.00 A 06/25/1998 CITY OF HUNTINGTON BEACH PM - 6 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY MAY 1, 1998 - MAY 31, 1998 ACCRUAL STATED •TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- BANKERS ACCEPTANCES 2844 Bank of New York 5.360 05/01/1998 973,497.78 2,930,008.61 ;�=KCIAL PAPER - DISCOUNT 284S Morgan Stanley Dean Witter 5.750 OS/15/1998 1,999,041.67 05/18/1998 1,999,041.67 SUBTOTALS and ENDING BALANCE 1,999,041.67 1,999,041.67 972,400.00 FEDERAL AGENCY ISSUES - COUPON 2814 Federal Home Loan Bank 5.945 05126/1998 1,000,000.00 2847 Federal Home Loan Bank 5.810 05/26/1998 997,343.75 2758 Fed. Nat'l Mort. Assoc. 6.850 05/26/1998 1,997,828.84 2846 Fed. Nat'l Mort. Assoc. 6.030 OS/21/1998 1,000,000.00 SUBTOTALS and ENDING BALANCE 1,997,343.75 2,997,828.84 43,979,092.69 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 2206 LAIF-Redevelopment Agency, 5.673 3,600,000.00 4,000,000.00 21,759,188.93 TREASURY SECURITIES - COUPON 3,000,460.60 iN.EDITTM TERM NOTES - 10,017,965.74 ------------------------------------------------------------------------ TOTALS 28,163,883.20 27,369,870.51 84,415,116.57 A 07/07/1998 PM - 4 CITY OF HUNTINGTON BEACH CITY INVESTMENT ACTIVITY SUMMARY ACCRUAL MAY 1997 through MAY 1998 YIELD TO MATURITY MANAGED NUMBER OF NUMBER OF AVERAGE MONTH NUMBER OF AVERAGE 360 365 POOL SECURITIES SECURITIES AVERAGE DAYS TO END YEAR SECURITIES BALANCE EQUIV EQUIV RATE PURCHASED MATURED/SOLD TERM MATURITY ------------------------------------------------------------------------------------------------------------------- May 97 34 74,288,453.41 5.788 5.869 5.634 1/ 23 516 334 June 97 39 75,469,000.14 5.811 5.891 5.667 /.v- 'z/ 24 500 316 July 97 40 74,774,818.80 5.785 5.866 5.679 .2,7J? 475 274 August 97 43 68,518,043.98 5.852 5.933 5.690 LJ2.16 581 378 September 97 41 68,579,209.87 5.884 5.966 5.707 "✓ / 598 376 October 97 40 67,919,648.94 5.924 6.006 5.705 5�,4 720 476 November 97 42 65,233,959.37 5.927 6.010 5.715 /8 a J .718 479 December 97 47 69,905,976.88 5.917 5.999 5.744 ��`/n j2 02 697 477 January 98 47 74,810,112.68 5.911 5.993 5.742 �� ' 2J 782 575 February 98 48 74,105,790.79 5.931 6.013 5.720 /9 T 810 604 March 98 51 73,598,396.03 5.912 5.994 5.680 ,S',31 ,2,8-�J� 810 602 April 98 53 80,602,759.04 5.895 5.977 5.672 ��,�`/ l 2 786 576 May 98 54---- --$3,621,791.26 5.864 5.946------5.673 ��T �C �-5 - ------773562 ------ ---'------'------'----- ------------- ------------ AVERAGES 45 $ 73,187,031.56 5.8771r 5.959$ 5.694$ / ,zz.,- 674 464 /25/1998 PM - 8 CITY OF HUNTINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE MAY 1997 through MAY 1998 ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------ YEAR RPA SCD BAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MCi MD1 ?Ai --------------------------------------------------------------------------------------------------------------------------- P'a•: 97 9.7 3.8 2.5 31.0 41.3 2.6 9.1 Jure 97 8.5 3.7 7.5 32.3 36.6 2.5 8.9 July 97 8.0 5.4 8.2 31.3 34:5 2.8 9.8 August 97 6.1 4.2 5.6 41.8 1.4 31.0 2.8 7.1 _:aber 57 2.7 2.8 5.7 44.5 34.0 2.9 7.3 October 97 4.5 3.0 56.7 20.7 . 1.5 13.7 November 97 0.2 2.9 1.5 57.7 22.7 1.5 13.5 December 97 1.3 1.3 3.8 55.5 25.0 2.6 10.5 January 98 1.2 4.0 3.9 56.5 22.5 2.7 9.3 c_-uary 98 0.2 4.1 4.0 57.6 21.8 2.7 9.6 a 98 1.9 2.6 3.8 57.5 21.1, 2.6 10.5 ril 98 0.6 2.3 1.2 53.8 26.5 3.6 12.0 May 98 2.1 3.5 1.2 52.1 25.8 3.6 11.9 ---------------------------------------------------------------------------------------------------------------------- AVERAGES 3.6% 3.3% 3.8% 48.3% 0.1% 28.0% 2.6% 10.2% Reourchase Agreements SCD - Certificates of Deposit EAC Bankers Acceptances COM - Commercial Paper - Discount CPI - Commercial Paper - Interest Bearing FAC - Federal Agency Issues - Coupon . FAD - Federal Agency Issues - Discount LA1 - Local Agency Investment Funds TRC - Treasury Securities - Coupon TRD - Treasury Securities - Discount MTN - Variable CD's NCB - Negotiable CD's BCD - Certificates of Deposit - Bank MC1 = Medium Term Notes MD1 - Miscellaneous Securities - Discount PA1 - County Funds/ Passbook GN1 - Mortgage Backed Securities A State of California Pooled .Money Investment Account Market Valuation 5/31/98 Description CarryingCost Plust 4 ceru Ini ei; rckNMIFair Value y eAccriedlnferest z United States Treasury: Bills $ 2,993,604,246.28 $ 3,053,545,033.60 NA Notes $ 4,986,226,591.04 $ 4,989,549,440.00 $ 69,503,100.30 Federal Agency: Bonds $ 1,900,895,956.52 $ 1,900,596,842.30 $ 28,426,115.06 Floaters $ 170,000,000.00 $ 169,904,800.00 $ 500,442.90 MBS $ 132,056,951.13 $ 133,053,478.90 $ 778,410.53 GNMA $ 2,344,172.91 $ 2,695,753.19 $ 23,166.85 SBA $ 227,344,581.05 $ 228,960,963.49 $ 2,271,495.93 FHLMC PC $ 22,942,986.50 $ 24,533,870.44 _$ 368,494.61 Discount Notes $ 1,101,795,273.15 $ 1,133,437,887.05 NA Bankers Acceptances $ 10,707,265.56 $ 9,823,611.11 NA Corporate: Bonds $ 1,025,718,752.47 $ 1,025,127,190.43 $ 15,217,418.10 Floaters $ 713,193,876.46 $ 713,272,297.50 $ 5,510,056.82 CDs $ 7,592,431,933.01 $ 7,590,058,731.46 $ 138,535,969.14 Bank Notes $ 1,670,976,190.00 $ 1,670,529,327.09 $ 29,602,583.33 Repurchase Agreements NA NA NA Time Deposits $ 1,495,890,000.00 $ 1,495,890,000.00 NA AB 55&GF Loans $ 2,021,603,164.00 $ 2,021,603,164.00 NA Commercial Paper $ 7,379,524,589.80 $ 7,444,928,676.65 NA Reverse Repurchase $ 538,689,500,00 $ 538,689,500.20 $3,813,970.17 TOTAL $ 32,908,567,029.88 $ 33,068,821,567.21 $ 286,923,283.40 Fair Value Including Accrued Interest $ 33,355,744,850.61 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 20, 1998 $R�CAATT�AC H M ENTSj - 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 FORYMISSING All S =T _ REVIEWED _ = _ RERTURNED`° FORINARD.ED - Administrative Staff ( ) ( ) Assistant City Administrator (Initial) ( ) ( ) City Administrator (Initial) ( ) City Clerk ( ) E- L�ANATION FORRETURN�O:FITEM_ � � _ Only)(Below Space For City Clerk's Use d � ;_ � T .. reasurer,'§;Raport� Shari (1 ,Fr ,ia � k TED)E,A5')U ER i t S 1z ,.��� Jul 20, 19-98 •= Y'F ;,ram �I -,Y Tjrea,suwar'sr Report-Shhar,#L,Frwi readii i, CAI Investment Balance Trehid - Portfolio Balances by Type $65M $622M $77M' $67MF $7,, $84M 100/° o o Treasuries 80% 60% II J i LAIF � d Fed Ag. 40% ■ CP 20F/W ' .Y Nov-94 May-96 May-97 Nov-97 Feb-98 May-� `;ate rrea;surer,''s Rppv Sharril L Reaid irrcfii Investment Yi_eldsO�Trends MI LAIF/T-Bill Ave [ 8.00% 7.00% 5.7L'/c ;595p u 5.989/0 5.96°k 6 00,0 - � l ei< 'a I 4 OO�o; 3.00°0 y2.00% LMI May-97 Nov.97 Feb-98 May-98 u< _ Treasurer,'s ,, .,�- Sharii��reri' , ,icy ` Summary - Investrnert Portfolio Individual Investm.erts� May 1998 LTn1 - ¢y° • Nsues 6-M& None n '., 1.. ry ill _ Treasurer's Report-Sharii L,Rteiicfenirich. 4�A' Investment,, by Days Ending May 1997 and May 1998 5001 '' r ''' ■ 1 Day o 40/o 30'/0 20% l✓ 23% I 1 -1.5 Yr. 0 A °:. 1997 1998 3 Treasurer's;Report-ShariiL.,Fiiide. rch PA General Fun.dF� ','- Cash Flow June 1998 to Nov 1998 510,000,000 $5,006,000,1.,. r Jun-98 JU 8 Aug 98 Sep-98 Oct-48 tiov-98 Council/Agency Meeting Held: toll!;-/g 8 Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied '��-^�y City Clerk's Signature O Council Meeting Date: ;Tunc 1S _ 1998 Department ID Number: CT 98-006 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City Treasure PREPARED BY: SHARI L. FREIDENRICH, City Treasurer SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S APRIL 1998 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, 1998 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, 1998, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. T Analysis: Not applicable. Environmental Status: Not applicable. "-—C c-D ITI Attachment(s): -0 )City Clerk's Page Number C-) x -J A Monthly Investment Report and Summary of Investments for April, 1998 Monthly Investment Report and Summary of Inveshnents for April, 1998 1�T"TAC IMIENT' 1 City of Huntington Beach Summary of Investment Portfolio Activity for April, 1998 Financial Information: Increase March April (Decrease) End of month City Portfolio Balance $76,472,782 $83,621,297 $7,148,515 Accrued Interest at Purchase $48,046 $80,601 $32,556 Interest Earned for Month y $368,775 $396,828 $28,053 Earned Interest Yield Average 5.90% 5.99% 0.09% Average Maturity ( in days) 602 576 -26 End of Month Market Value $76,602,154 $83,735,139 $7,132,985 End of month bank cash balance $2,630,507 $2,187,077 ($443,430) Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $396,828 $121,828 Interest Earned Year to Date $1,925,000 $2,505,003 $580,003 Earned Interest Yield Year to Date 5.50% 5.97% 0.47% Transaction Summary: Increase March April (Decrease) Number of Securities Purchased 31 31 0 Number of Securities Matured/Sold 29 29 0 Summary by Individual Investment: Days Int. April % of Total Policy Limit to Mat. Rate Repurchase Agreements $535,000 1% None 1 5.17% Bankers Acceptances $1,956,511 2% 25% 108 5.58% Commercial Paper- Discount $972,400 1% 15% 59 5.76% Federal Agy Issues - Coupon $44,978,697 54% None 817 6.16% Local Agency Inv. Fund (LAIF) $22,159,189 26% $40 Million 1 5.67% Medium Term Notes $10,018,960 12% 20% 842 5.98% Treasury Securities $3,000,540 4% None 898 6.01% Total $83,621,297 100% O5/26/1998 CITY OF HUNTINGTON BEACH PM - 1 PORTFOLIO MASTER SUMMARY CITY APRIL 30, 1998 ACCRUAL AVERAGE ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT -------------------------------------------------------------------------------------------------------------------------—--------- Repurchase Agreements........................$ 535,000.00 0.64 1 0 5.100 5'.171 Bankers Acceptances..........................$ 1,956,510.83 2.34 145 108 5.505 5.581 Commercial Paper - Discount..................$ 972,400.00 1.16 180 59 5.677 5.756 Federal Agency Issues - Coupon...............$ 44,978,697.52 53.79 1,164 817 6.072 6.156 Local Agency Investment Funds................$ 22,159,188.93 26.50 1 1 5.594 5.672 Treasury Securities - Coupon.................$ 3,000,540.15 3.59 1,082 898 5.925 6.008 Medium Term Notes. . . ......... . . .. . . .... ......$ 10,018,959.74 11.98 957 842 5.902 5.984 ------------------------------------------------------------------------------ TOTAL INVESTMENTS and AVERAGES. .. .. . . .. . ...$ 83,621,297.17 100.00% 786 576 5.895% 5.977% ------------------------------------------------------------------------------ CASH Passbook/Checking Accounts...................$ • 0.00 0.000 0.000 (not included in yield calculations) ' Accrued Interest at Purchase.................$ 80,601.37 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST............ .$ 80,601.37 ---- - --------------------------------------------------------- TOTAL CASH and INVESTMENTS. . . . . . . . . . . . . ....$ 83,701,898.54 MONTH ENDING FISCAL FISCAL TOTAL EARNINGS APRIL 30 YEAR TO DATE YEAR ENDING Current Year $ 3R6,827.89 $ 2,505,002.53 AVERAGE DAILY BALANCE $ 80,602,759.04 $ 72,279,820.12 EFFECTIVE RATE OF RETURN 5.99% 5.97% Current Budget $ 275,000.00 $ 1,925,000.00 $ 3,300,000.00 I certify that this report accurately reflects all City and Redevelopment Agency L. F ID R CH pooled investments and is in conformity with all State laws and the investment CITY TREAS E policy statement filed with the City Council on Dec. 15, 1997. 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 DATE mbnth's obligatrops. Market Values provided by Union Bank via Merrill Lynch and J.J. Kerney pricing services. 05/26/1998 CITY OF HUNTINGTON BEACH PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 98-153 Union Bank 04/30/98 535,000.00 535,000.00 535,000.00 5.100 5.171 05/01/98 0 AVERAGES 560,833.33 BANKERS ACCEPTANCES 2836 Bank of America 03/24/98 974,093.33 1,000,000.00 979,370.00 5.360 5.579 A1+P1 09/14/98 136 2837 Bank of America 03/25/98 982,417.50 1,000,000.00 987,820.00 5.410 5.583 A1+P1 07/20/98 80 ----------------- ------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 1,956,510.83 1,956,510.83 1,967,190.00 2,000,000.00 5.581 108 COMMERCIAL PAPER - DISCOUNT 2822 General Electric 12/31/97 972,400.00 1,000,000.00 999,190.00 5.520 5.756 AAA 06/29/98 59 AVERAGES 1,888,699.88 FEDERAL AGENCY ISSUES - COUPON 2813 FEDERAL FARM CREDIT BANK 11/20/97 1,000,265.91 1,000,000.00 1,002,240.00 5.910 5.980 AAA 11/20/00 934 2831 FEDERAL FARM CREDIT BANK 02/02/98 1,000,000.00 1,000,000.00 994,220.00 5.810 5.891 AAA 02/02/01 1,008 2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,998,740.00 5.180 5.180 AAA 08/26/98 117 2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 998,910.00 5.300 5.300 AAA 11/18/98 201 2784 Federal Home Loan Bank 03/26/97 1,000,000.00 1,000,000.00 1,007,340.00 6.715 6.715 AAA 03/26/02 1,425 2798 Federal Horne Loan Bank 08/08/97 2,000,000.00 2,000,000.00 2,006,240.00 5.955 6.041 AAA 07/08/99 433 27=9 Federal acme Loan Bank 08/27/97 1,000,000.00 1,000,000.00 1,005,310.00 6.500 6.590 AAA 08/27/02 1,579 2804 Federal Home Loan Bank 09/30/97 2,000,000.00 2,000,000.00 2,001,560.00 5.735 5.815 AAA 09/30/98 152 2806 Federal Home Loan Bank 10/15/97 1,000,000.00 1,000,000.00 1,001,560.00 6.230 6.317 AAA 10/15/01 1,263 2807 Federal Home Loan Bank 10/01/97 5,000,000.00 5,000,000.00 5,003,900.00 5.735 5.814 AAA 09/30/98 152 2811 Federal Home Loan Bank 11/24/97 1,000,000.0046 1,000,000.00 1,000,620.00 6.120 6.205 AAA 11/24/00 938 2812 Federal Home Loan Bank 11/07/97 1,000,160.61 1,000,000.00 1,001,250.00 6.035 6.101 AAA 11/05/99 553 2814 Federal Home Loan Bank 11/26/97 1,000,000.00 1,000,000.00 999,690.00 5.945 6.028 AAA 05/26/99 390 2817 Federal Home Loan Bank 12/19/97 1,000,990.16 1,000,000.00 1,001,410.00 5.860 5.858 AAA 09/24/99 511 2820 Federal Home Loan Bank 12/30/97 1,000,000.00 1,000,000.00 999,060.00 6.200 6.286 AAA 12/30/02 1,704 2821 Federal Home Loan Bank 01/07/98 1,000,000.00 1,000,000.00 999,530.00 6.215 6.301 AAA O1/07/03 1,712 2324 Federal Home Loan Bank 01/22/98 1,000,000.00 1,000,000.00 999,690.00 6.050 6.134 AAA O1/22/01 997 2822 Federal ?:cm Loan Bank 02/17/98 1,500,000.00 1,500,000.00 1,493,205.00 5.750 5.830 AAA 08/17/00 639 27;0 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,023,120.00 6.990 6.990 AAA 05/17/01 1,112 2803 Federal Home Loan Mort Corp 08/22/97 997,390.89 1,000,000.00 1,002,030.00 6.090 6.328 AAA 07/28/00 819 2833 Federal Home Loan Mort Corp 03/10/98 998,564.46 1,000,000.00 996,560.00 5.830 5.981 AAA 08/25/00 847 2835 Federal Home Loan Mort Corp 03/18/98 999,127.22 1,000,000.00 994,690.00 5.850 5.968 AAA 02/26/01 1,032 2842 Federal Home Loan Mort Corp 04/03/98 1,001,901.71 1,000,000.00 1,000,310.00 6.650 6.666 AAA 07/31/02 1,552 2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,997,754.58 2,000,000.00 2,002,500.00 6.850 6.912 AAA 05/26/00 756 2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 1,002,660.00 6.870 6.965 AAA 06/01/01 1,127 2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,014,220.00 7.070 7.070 AAA 06/25/01 1,151 2790 Fed. Nat'l Mort. Assoc. 06/25/97 1,495,705.11 1,500,000.00 1,494,615.00 5.720 6.185 AAA 02/16/99 291 2797 Fed. Nat'l Mort. Assoc. 08/08/97 999,331.48 1,000,000.00 1,000,620.00 6.140 6.319 AAA 08/07/00 829 A A 05/26/1998 CITY OF HUNTINGTON BEACH PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- FEDERAL AGENCY ISSUES - COUPON 2800 Fed. Nat'l Mort. Assoc. 08/12/97 993,850.74 1,000,000.00 1,010,940.00 6.150 6.408 AAA 08/05/02 1,557 2601 Fed. Nat'l Mort. Assoc. 08/12/97 993,654.65 1,000,000.00 1,002,810.00 5.910 6.307 AAA 08/07/00 829 2318 Fed. Nat'l Mort. Assoc. 12/26/97 1,000,000.00 1,000,000.00 999,840.00 6.150 6.235 AAA 12/26/02 1,700 2825 Fed. Nat'l Mort. Assoc. 01/14/98 1,000,000.00 1,000,000.00 991,870.00 6.010 6.093 AAA O1/14/03 1,719 2826 Fed. Nat'l Mort. Assoc. 01/14/98 1,000,000.00 1,000,000.00 991,870.00 6.010 6.093 AAA O1/14/03 1,719 2834 Fed. Nat'l Mort. Assoc. 03/18/98 1,000,000.00 1,000,000.00 997,500.00 5.750 5.829 AAA 03/09/00 678 2816 Sallie Mae 12/17/97 1,000,000.00 1,000,000.00 1,000,160.00 6.000 6.083 AAA 06/17/99 412 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 44,911,513.82 44,978,697.52 45,040,790.00 45,000,000.00 6.156 .817 LOCAL AGENCY INVESTMENT FUNDS 962 Laif City 7,902,712.38 7,902,712.38 7,902,712.38 5.672 5.672 NR _ 2206 LAIF-Redeveloor,:ent Agency •14,256,476.55A 14,256,476.55 14,256,476.55 5.672 5.672 NR _ SUBTOTALS and AVERAGES 19,434,647.83 22,159,188.93 22,159,188.93 22,159,188.93 5.672 1 TREASURY SECURITIES - COUPON 2783 UNITED STATES TREASURY 03/17/97 999,766.20 1,000,000.00 1,025,160.00 6.500 6.507 AAA 08/31/01 1,218 2819 UNITED STATES TREASURY 12/10/97 997,971.41 1,000,000.00 1,002,970.00 5.750 5.837 AAA 10/31/00 914 2843 UNITED STATES TREASURY 04/29/98 1,002,802.54 1,000,000.00 1,004,060.00 5.875 5.680 AAA 11/15/99 563 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 2,064,556.32 3,000,540.15 3,032,190.00 3,000,000.00 6.006 298 NfEDIU?•1 TERM NOTES 2839 American Intl Group (AIG) 03/30/98 1,000,765.41 1,000,000.00 999,020.00 5.750 5.795 Aaa 03/27/00 696 2830 Associated Corp. 01/29/98 1,003,677.20 1,000,000.00 1,000,730.00 6.000 5.889 AA3 06/15/00 776 2809 Banc One Corp. 10/14/97 1,003,969.14 1,000,000.00 1,002,090.00 6.250 6.145 AA- 09/01/00 854 2840 General Electric Capital Co 04/03/98 1,000,778.37 1,000,000.00 999,030.00 5.840 5.880 Aaa 03/30/00 699 2841 General Electric Capital Co 04/06/98 1,000,326.21 1,000,000.00 999,070.00 5.920 5.989 Aaa 04/03/01 1,068 2808 JP Morgan 10/02/97 999,564.50 1,000,000.00 1,003,050.00 6.125 6.230 AA 10/02/00 885 2805 Norwest Financial, Inc. 10/01/97 2,007,968.75 2,000,000.00 2,012,840.00 6.375 6.060 AA3 10/01/99 518 2827 Southwestern Bell 01/12/98 995,036.07 1,000,000.00 984,740.00 5.730 5.939 AA3 10/21/02 1,634 2835 Travelers Group Inc. 03/27/98 1,006,874.09 1,000,000.00 1,001,020.00 6.125 5.850 Aa3 06/15/00 776 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 9,785,997.02 10,018,959.74 10,001,590.00 10,000,000.00 5.984 842 ---------------------- ---------------------------------------- TOTAL INVESTMENTS and AVG. $ 83,621,297.17 83,735,138.93 80,602,759.04 83,694,188.93 5.977% 576 l A 05/26/1998 CITY OF HUNTINGTON BEACH PM - 4 INVESTMENT PORTFOLIO DETAILS - CASH CITY APRIL 30, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS PIC,i•IB R ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- Accrued Interest at Purchase 80,601.37 -------------------------------------------------------------------------------- • TOTAL CASH $ 80,601.37 --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- TOTAL CASH and INVESTMENTS S 80,602,759.04 83,701,898.54 A A 03/26/1998 CITY OF HUNTINGTON BEACH PM - 5 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY APRIL 1, 1998 - APRIL 30, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 98-133 Union Bank 5.600 04/01/1998 1,454,000.00 98-134 Union Bank 5.350 04/01/1998 1,650,000.00 04/02/1998 1,650,000.00 98-135 Union Bank 5.163 04/02/1998 482,000.00 04/03/1998 482,000.00 98-136 Union Bank 5.100 04/03/1998 451,000.00 04/06/1998 451,000.00 98-137 Union Bank 5.100 04/06/1998 456,000.00 04/07/1998 456,000.00 98-138 Union Bank 5.038 04/07/1998 605,000.00 04/08/1998 605,000.00 98-139 Union Bank 5.100 04/08/1998 695,000.00 04/09/1998 695,000.00 98-140 Union Bank 5.100 • 04/13/1998 743,000.00 04/14/1998 743,000.00 98-141 Union Bank 5.100 04/14/1998 214,000.00 04/15/1998 214,000.00 98-142 Union Bank 5.163 04/15/1998 883,000.00 04/16/1998 883,000.00 98-1143 Union Ban:{ 5.100 04/16/1998 441,000.00 04/17/1998 441,000.00 98-144 Union Bank 4.975 04/17/1998 531,000.00 04/20/1998 531,000.00 98-145 Union Bank 5.038 04/20/1998 355,000.00 04/21/1998 355,000.00 98-146 Union Bank 4.975 04/21/1998 454,000.00 04/22/1998 454,000.00 98-147 Union Bank 5.100 04/22/1998 895,000.00 04/23/1998 895,000.00 98-148 Union Bank 4.975 04/23/1998 959,000.00 04/24/1998 959,000.00 98-149 Union Bank 4.975 04/24/1998 1,247,000.00 04/27/1998 1,247,000.00 98-150 Union Bank 5.100 04/27/1998 165,000.00 04/28/1998 165,000.00 98-151 Union Bank 4.975 04/28/1998 181,000.00 04/29/1998 181,000.00 98-152 Union Bank 4.975 04/29/1998 425,000.00 04/30/1998 425,000.00 98-153 Union Bank 5.100 is 04/30/1998 535,000.00 SUBTOTALS and ENDING BALANCE 12,367,000.00 13,286,000.00 535,000.00 05/26/1998 CITY OF HUNTINGTON BEACH PM - 6 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY APRIL 1, 1998 - APRIL 30, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- EANKERS ACCEPTANCES 1,956,510.83 COMMERCIAL PAPER - DISCOUNT 2823 Minn. Mng & Mfg (3M) 5.540 04/24/1998 982,456.67 2815 SIGMA FINANCIAL CORP 5.650 04/06/1998 978,498.61 ** SUTBTOTALS and ENDING BALANCE 0.00 1,960,955.28 972,400.00 3EDERAL AGENCY =SSUES - COUPON 2842 Federal Home Loan Mort Corp 6.650 04/03/1998 1,002,500.00 44,978,697.52 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 982 Laif City 5.672 109,284.69 2206 LAIF-Redevelopment Agency 5.672 11,112,890.45 5,200,000.00 SUBTOTALS and ENDING BALANCE 11,222,175.14 5,200,000.00 22,159,188.93 TREASURY SECURITIES - COUPON 2843 UNITED STATES TREASURY 5.875 04/29/1998 1,002,812.50 3,000,540.1-5 MEDIUM TERM NOTES � 2840 General Electric Capital Corp 5.840 '04/03/1998 1,000,810.00 2841 General Electric Capital Corp 5.920 04/06/1998 1,000,333.96 SUBTOTALS and ENDING BALANCE 2,001,143.96 0.00 10,018,959.74 ------------------------------------------------------------------------ T�-A•�S 27,595,631.60 20,446,955.28 83,621,297.17 Indicates incomplete recording of maturity redemption. A A 05/26/1998 PM - 7 CITY OF H'JNTINGTON BEACH CITY INVESTMENT ACTIVITY SUMMARY ACCRUAL APRIL 1997 through APRIL 1998 YIELD TO MATURITY MANAGED NUMBER OF NUMBER OF AVERAGE MONTH NUMBER OF TOTAL 360 365 POOL SECURITIES SECURITIES AVERAGE DAYS TO END YEAR SECURITIES INVESTED EQUIV EQUIV RATE PURCHASED MATURED/SOLD TERM MATURITY ------------------------------------------------------------------------------------------------------------------- April 97 36 75,564,297.01 5.823 5.904 5.612 23 558 377 May 97 34 77,278,683.01 5.788 5.869 5.634 Y 9 23 516 334 June 97 39 78,912,795.59 5.811 5.891 5.667 /y / 24 'L 500 316 July 97 40 71,857,379.73 5.785 5.866 5.679 /3� 4x y/3 475 274 August 97 43 70,428,506.38 5.852 5.933 5.690 �I 9 (Q 581 378 September 97 41 68,504,258.44 5.884 5.966a 5.707 y ,3/� 598 376 X8 October 97 40 66,043,518.07 5.924 6.006 5.705 >0,'��J 720 476 November 97 42 66,711,043.81 5.927 6.010 5.715 �i�' D� .2- 7 718 479 December 97 47 76,547,658.08 5.917 5.999 5.744 O ?,Z�-`�/ 697 477 January 98 47 75,153,925.30 5.911 5.993 5.742 d 7�4'p2" 782 575 February 98 48 72,910,148.38 5.931 6.013 5.720 / �7"1 810 604 Marc^ 98 51 76,472,782.47 5.912 5.994 5.680 �3 I� pZ� 810 602 April 98 53 83,621,297.17 5.895 5.977 5.672 786 576 --------------------------------------------------------------------------------------------------- AVERAGES 43 $ 73,846,637.96 5.874% 5.956% 5.690% ` 7�8� 658 450 .. A A 05/26/1998 PM - 8 CITY OF HUNPINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE APRIL 1997 through APRIL 1998 MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------ END YEAR RPA SCD BAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MC1 MD1 PA1 GN1 ----------------------------------------------------- ---------------------------------------- April 97 7.7 3.9 3.9 34.4 38.2 2.7 9.3 Mav 97 9.7 3.8 2.5 31.0 41.3 2.6 9.1 .-une 97 8.5 3.7 7.5 32.3 36.6 2.5 8.9 JUIV 97 8.0 5.4 8.2 31.3 34.5 2.8 9.8 August 97 6.1 4.2 5.6 41.8 1.4 31.0 2.8 7.1 Seotember 97 2.7 2.8 5.7 44.5 34.0 2.9 7.3 October 97 4.5 3.0 56.7 20.7 1.5 13.7 November 97 0.2 2.9 1.5 57.7 22.7 1.5 13.5 Decem'oer 97 1.3 _.3 3.8 55.5 25.0 - 2.6 10.5 January 98 1.2 4.0 3.9 56.5 22.5 2.7 9.3 February 98 0.2 4.1 4.0 57.6 21.8 2.7 9.6 March 98 1.9 2.6 3.8 57.5 21.1 2.6 10.5 April 98 0.6 2.3 1.2 53.8 26.5 3.6 12.0 ----------------------------------------------------A----------------------------------------------------------------- -b'ERAGES 4.0% 3.4% 4.0% 47.01 0.1% 28.9% 2.6% 10.0% ------------ RPA - Repurchase Agreements SCD - Certificates of Deposit BAC - Bankers Acceptances COM - Commercial Paper - Discount CPI - Commercial Paper - Interest Bearing FAC - Federal Agency Issues - Coupon FAD - Federal Agency Issues - Discount LA1 - Local Agency Investment Funds TRC - Treasury Securities - Coupon TRD - Treasury Securities - Discount MTN - Variable CD's NCB - Negotiable CD's BCD - Certificates of Deposit. - Bank MC1 - Medium Term Notes MD'_ - Miscellaneous Securities - Discount PA1 - County Funds/ Passbook CNI - Mortgage Backed Securities A A State of California Pooled Money Investment Account Market Valuation 4/30/98 United States Treasury: Bills $ 2,611,189,781.00 $ 2,666,575,499.96 NA Strips $ 73,184,450.00 $ 94,814,850.00 NA Notes $ 4,784,934,866.37 $ 4,788,601,800.00 $ 66,295,031.09 Federal A enc : Bonds $ 1,686,013,619.91 $ 1,685,492,692.30 $ 21,449,036.90 Floaters $ 170,000,000.00 $ 169,887,300.00 $ 2,015,980.40 MBS $ 135,914,312.02 $ 136,290,320.63 $ 801,554.70 GNMA $ 2,395,191.15 $ 2,748,674.57 $ 23,668.91 SBA $ 220,962,834.51 $ 222,679,651.58 $ 2,210,760.58 FHLMC PC $ 23,547,027.89 $ 25,187,278.23 $ 378,127.96 Discount Notes $ 1,196,606,353.02 $ 1,225,773,105.56 NA Bankers Acceptances $ 280,692,045.13 $ 280,692,045.13 NA Corporate: Bonds $ 979,129,611.58 $ 978,795,096.93 $ 12,569,258.44 Floaters $ 571,528,066.67 $ 572,181,982.50 $ 4,183,730.12 CDs $ 7,229,699,443.58 $ 7,225,722,049.66. $ 4,670,942.77 Bank Notes $ 1,425,000,000.00 $ 1,424,935,039.00 $ 739,111.10 Repurchase Agreements $ - $ - NA Time Deposits $ 1,416,390,000.00 $ 1,416,390,000.00 NA AB 55& GF Loans $ 1,711,742,505.00 $ 1,711,742,505.00 NA Commercial Paper $ 8,994,653,173.34 $ 8,997,374,979.44 NA Reverse Repurchase $ 676,432,500.00 $ 676,432,500.00 $4,021,476.57 TOTAL $ 32,837,150,781.17 $ 32,949,452,370.49 $ 111,315,726.40 Estimated Market Value Including Accrued Interest $ 33,060,768,096.89 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Certificates of Deposit(CDs), Bank Notes (BNs), and Commercial Paper(CPs)less than 90 days are carried at portfolio book value (carrying cost). Interest accrued from the date of purchase on CDs and BNs under 90 days is.not included. RCA ROUTING SHEET INITIATING CITY TREASURER DEPARTMENT: SUBJECT: Investment Summary Report COUNCIL MEETING DATE: June 15, 1998 RCA ATTi4CHMENTS STATUSV v 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 $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FQR MISSING ATT%�CF�MENT�S 33yy,, . � - - 3.x3 �- ���"'i-K.2L•.. x:1 �- - - REUIEIN-ED _ RETURIV_EDFOR1N' - EDP Administrative Staff ( ) ( ) Assistant City Administrator (Initial) ( ) ( ) City Administrator (Initial) ( ) ( ) City Clerk ( ) -� r --B � EXPLANATION FORLRETURN OAF ITEM y.. _ E • • . • Only) l RECEIVED FROM AND MADE A PART OF THIR RECOR AT COUNCIL MEETING OF OFFICE OF THE CITY CLERK CONNIE BROCKWAY,CITY CLERK Treasurer's Report-Shari L.Freidenrich,CPA TREASURER'S REPORT fi$ Shari L. Freidenrich, CPA June 15, 1998 Slide 1 Treasurer's Report-Shari L.Freidenrich, CPA Investment Balance Trends Portfolio Balances b Type $65M $62M $76M �66M $75M $84M 100% ■Treasuries 80% ■OCIP ■Med Notes 60% IN LAIF 40% Fed Ag. O CP 20% ■BA Re ur. Slide 2 Nov-94 Apr-96 Apr-97 Oct-97 Jan-98 Apr-98 � 1 Treasurer's Report-Shari L.Freidenrich, CPA Investment Yields Trends 0 LAIF/T-Bill Ave. Actual = LAIF 8.00% 5.87% o 0 7.00% 5.93/o 6.00% ° 5.61% 0 5.63% 5.00% , 4.00% 3.00% 2.00% 1.00% 0.00% Apr-97 Dec-97 Jan-98 Apr-98 Slide 3 Treasurer's Report-Shari L.Freidenrich, CPA Summary - Investment Portfolio Individual Investments: April 1998 Investment-ype _ Po t�f lio Percent l$ Policy Limft,. Repurchase Agree. 1% None Banker Acceptances 2% 25% Federal Agcy. Issues 54% None LAIF $22M $40 M Med Term Notes 12% 20% Commercial Paper 1% 15% US Treasuries 4% None Slide 4 Treasurer's Report-Shari L.Freidenrich, CPA Investment Maturities by Days Ending April 1997 and April 1998 50% 45% IN 1 Day 40% ■2-180 Days 27% 30% 22% ®1 -1.5 Yr. 20% ° o ° 9% °9% A 110 ■1.5-2 Yr. 4/07/0 02-3Yr. 10% 03-4Yr. 0% 4-SYr. o 0 o 0 5 0 0 Slide 5 1997 1998 Treasurer's Report-Shari L.Freidenrich, CPA General Fund Est. Cash Flow May 1998 to Oct 1998 $10,000,000 $5,000,000 $193,670 ($19,225,000) $0 4 4 ($5,000,000) ($540,722) MW $1,253,915) ($10,000,000) ($5,537,573) ($15,000,000) May-98 Jun-98 Jul-98 Aug-98 Sep-98 Oct-98 Slide 6 �J 0 9 4 ( Council/Agency Meeting Held: IF Deferred/Continued to: — Qtlz� ® Approved ❑ Conditionally Approved ❑ Denied Pv'Y & Clerk's Signature Council Meeting Date: May 4, 1998 Department ID Number: CT 98-005 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 FEBRUARY AND MARCH 1998 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 reports for February and March, 1998 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 Reports for February and March, 1998, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. c Analysis: Not applicable. o c C-)�� {_ M Environmental Status: Not applicable. cn�,r- rn Mr,n A > c, c� Attachment(s): -9 City Clerk'sJ- > Page Number {� y Monthly Investment Report and Summary of Investments for February, 1998 2 Monthly Investment Report and Summary of Investments for March, 1998 C— Monthly Investment Report and Summary of Investments for February 1998 s� � t I City of Huntington Beach Summary of Investment Portfolio Activity for February, 1998 Financial Information: Increase January February (Decrease) End of month City Portfolio Balance $75,153,925 $72,910,148 ($2,243,777) Accrued Interest at Purchase $45,988 $431630 ($2,358) Interest Earned for Month $374,892 $354,312 ($20,580) Earned Interest Yield Average 5.90% 6.23% 0.33% \ Average Maturity ( in days) 575 604 29 End of Month Market Value $75,480,404 $73,099,229 ($2,381,175) End of month bank cash balance $2,556,466 $2,135,334 ($421,132) Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $354,312 $79,312 Interest Earned Year to Date $1,375,000 $1,739,831 $364,831 Earned Interest Yield Year to Date 5.50% 5.98% 0.48% Transaction Summary: Increase January February (Decrease) Number of Securities Purchased 26 19 -7 Number of Securities Matured/Sold 25 18 -7 Summary by Individual Investment: Days Int. February % of Total Policy Limit to Mat. Rate Repurchase Agreements $128,000 1% None 1 5.30% Bankers Acceptances $2,975,113 4% 25% 20 5.52% Commercial Paper - Discount $2,933,355 4% 15% 70 5.78% Federal Agy Issues - Coupon $41,976,731 57% None 855 6.17% Local Agency Inv. Fund (LAIF) $15,887,014 22% $40 Million 1 5.72% Medium Term Notes $7,012,344 9% 20% 795 6.03% Treasury Securities $1,997,591 3% None 1127 6.17% Total $72,910,148 100% 04/06/1998 CITY OF HUNTINGTON BEACH PM - 1 PORTFOLIO MASTER SUMMARY CITY FEBRUARY 28, 1998 ACCRUAL AVERAGE ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT ------------------------------------------------------------------------------------------------------------------------------------ Repurchase Ao,reements.. . . . . . . . . .... ... .. .. . ..$ 128,000.00 0.18 3 1 5.225 5.298 Bankers Acceptances..... .....................$ 2,975,112.78 4.08 55 20 5.442 5.517 Commercial Paper - Discount..................$ 2,933,355.28 4.02 144 70 5.697 5.776 Federal Agency Issues - Coupon...............$ 41,976,731.50 57.57 1,172 855 6.088 6.172 Local Agency Investment Funds................$ 15,887,013.79 21.79 1 1 5.642 5.720 Treasury Securities - Coupon.... .............$ 1,997,590.52 2.74 1,342 1,127 6.088 6.172 Medium Term Notes......... ...................$ 7,07a2,344.51 9.62 943 795 5.923 6.005 ------------------------------------------------------------------------------ TOTAL INVESTMENTS and AVERAGES.... . . .......$ 72,910,148.38 100.00% 810 604 5.931% 6.013% CASH Passbook/Checking Accounts...................$ 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase. . ......... . . ....$ 43,630.12 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST.......... .. .$ 43,630.12 TOTAL CASH and INVESTMENTS...... ...........$ 72,953,778.50 MONTH ENDING FISCAL FISCAL TOTAL EARNINGS FEBRUARY 28 YEAR TO DATE YEAR ENDING Current Year $ 354,311.88 $ 1,739,831.01 AVERAGE DAILY 3AL.ANCE $ 74,105,790.79 $ 70,355,555.08 EFFECTIVE RATE OF RETURN • 6.23% 5.98% Current Budget $ 275,000.00 $ 1,375,000.00 $ 3,300,000.00 I certify that this report accurately reflects all City and Redevelopment Agency I L. FREI ENRICH pooled investments and is in conformity with all State laws and the investment CITY THE R policy statement filed with the City Council on Dec. 15, 1997. 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 DATE month's obligations: Market Values provided by Union Bank via Merrill Lynch and J.J. Kenney pricing services. 04/06/1998 CITY OF HUNTINGTON BEACH PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY . FEBRUARY*28, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 98-110 Union Bank 02/27/98 128,000.00 128,000.00 128,000.00 5.225 5.298 03/02/98 1 AVERAGES 1,073,678.57 BANKERS ACCEPTANCES 2829 Bank of New York 01/26/98 1,983,137.78 2,000,000.00 1,993,600.00 5.420 5.542 A1P1 03/23/98 22 2828 First National Bank of Chic 01/21/98 991,975.00 11000,000.00 997,870.00 5.350 5.468 A1P1 03/16/98 15 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 2,975,112.78 2,975,112.78 2,991,470.00 3,000,000.00 5.517 20 COMMERCIAL PAPER - DISCOUNT 2823 Minn. Mng & Mfg (3M) 12/31/97 982,456.67 1,000,000.00 991,96.0.00 5.540 5.717 A1+P1 04/24/98 54 2822 General Electric 12/31/97 - .972,400.0006 , 11000,000.00 999,190.00 5.520 5.756 AAA 06/29/98 120 2815 SIGMA FINANCIAL CORP 11/20/97 978,498.61 1,000,000.00 994,680.00 5.650 5.854 A1+Pl 04/06/98 36 ----------------- -------------- -------------- -------------- ------ ------ S;iBTOTALS and AVERAGES 2,933,355.28 2,933,3SS.28 2,985,830.00 3,000,000.00 5.776 70 FEDERAL AGENCY ISSUES - COUPON 2813 FEDERAL FARM CREDIT BANK 11/20/97 1,000,283.28 11000,000.00 1,003,610.00 5.910 5.980 AAA 11/20/00 995 2831 FEDERAL FARM CREDIT BANK 02/02/98 1,000,000.00 • 1,000,000.00 994,530.00 5.810 5.891 AAA 02/02/01 1,069 2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,996,240.00 5.180 5.180 AAA 08/26/98 178 2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 997,500.00 5.300 5.300 AAA 11/18/98 262 2764 Federal Home Loan Bank 03/26/97 1,000,000.00 1,000,000.00 1,008,440.00 6.715 6.715 AAA 03/26/02 1,486 2798 Federal Home Loan Bank 08/08/97 2,000,000.00 2,000,000.00 2,006,880.00 5.955 6.041 AAA 07/08/99 494 2799 Federal Home Loan Bank 08/27/97 1,000,000.00 1,000,000.00 1,006,720.00 6.500 6.590 AAA O8/27/02 1,640 2804 Federal Home Loan Bank 09/30/97 2,000,000.00 2,000,000.00 2,000,320.00 5.735 5.815 AAA 09/30/98 213 2806 Federal Home Loan Bank 10/15/97 1,000,000.00 1,000,000.00 1,002,660.00 6.230 6.317 AAA 10/15/01 1,324 2807 Federal Home Loan Bank 10/01/97 5,000,000.00 5,000,000.00 5,000,800.00 5.735 5.814 AAA 09/30/98 213 2811 Federal Home Loan Bank 11/24/97 1,000,000.00 1,000,000.00 1,000,620.00 6.120 6.205 AAA 11/24/00 999 2812 Federal Home Loan Bank 11/07/97 1,000,212.99 1,000,000.00 1,001,090.00 6.035 6.101 AAA 11/05/99 614 2814 Federal Home Loan Bank 11/26/97 1,000,000.00 1,000,000.00 999,060.00 5.945 6.028 AAA O5/26/99 451 2817 Federal Home Loan Bank 12/19/97 1,001,108.27 1,000,000.00 1,001,720.00 5.860 5.858 AAA 09/24/99 572 2820 Federal Home Loan Bank 12/30/97 1,000,000.00 1,000,000.00 1,000,310.00 6.200 6.286 AAA 12/30/02 1,765 2821 Federal Home Loan Bank 01/07/98 1,000,000.00 1,000,000.00 1,000,620.00 6.215 6.301 AAA O1/07/03 1,733 2824 Federal Home Loan Bank 01/22/98 1,000,000.00 1,000,000.00 999,840.00 6.050 6.134 AAA 01/22/01 1,058 2832 Federal Home Loan Bank 02/17/98 1,500,000.00 1,500,000.00 1,493,430.00 5.750 5.830 AAA 08/17/00 900 2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,026,880.00 6.990 6.990 AAA 05/17/01 1,173 2803 Federal Home Loan Mort Corp 08/22/97 997,040.68 1,000,000.00 1,002,500.00 6.090 6.328 AAA 07/28/00 880 2758 Fed. Nat': Mort. Assoc. 05/14/96 1,997,573.40 2,000,000.00 2,002,500.00 6.850 6.912 AAA 05/26/00 817 2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 1,002,810.00 6.970 6.965 AAA 06/01/01 1,188 2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,016,250.00 7.070 7.070 AAA 06/25/01 1,212 2785 Fed. Nat'l Mort. Assoc. 03/27/97 1,000,000.00 1,000,000.00 1,001,250.00 6.660 6.660 AAA 03/27/00 757 04/06/1998 CITY OF HUNTINGTON BEACH PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY FEBRUARY 28, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- FEDERAL AGENCY ISSUES - COUPON 2790 Fed. Nat'l Mort. Assoc. 06/25/97 1,494,800.92� 1,500,000.00 1,493,205.00 5.720 6.185 AAA 02/16/99 352 2797 Fed. Nat'l Mort. Assoc. 08/08/97 998,913.65 1,000,000.00 1,000,470.00 6.140 6.319 AAA 08/07/00 890 2800 Fed. Nat'l Mort. Assoc. 08/12/97 993,610.22 1,000,000.00 1,013,120.00 6.150 6.408 AAA O8/05/02 1,618 2801 Fed. Nat'l Mort. Assoc. 08/12/97 993,188.09 1,000,000.00 1,004,840.00 5.910 6.307 AAA 08/07/00 890 2818 Fed. Nat'l Mort. Assoc. 12/26/97 1,000,000.00 1,000,000.00 1,001,720.00 6.150 6.235 AAA 12/26/02 1,761 2825 Fed. Nat'l Mort. Assoc. 01/14/98 1,000,000.00 1,000,000.00 992,970.00 6.010 6.093 AAA O1/14/03 1,780 2826 Fed. Nat'l Mort. Assoc. 01/14/98 1,000,000.00 1,000,000.00 992,970.00 6.010 6.093 P_AA 01/14/03 1,780 2816 Sallie Mae 12/17/97 1,000,000.00 1,000,000.00 999,370.00 6.000 6.083 AAA 06/17/99 473 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 43,654,406.89 41,976,731.50 42,065,245.00 42,000,000.00 6.172 855 LOCAL AGENCY INVESTMENT FUNDS 982 Laif City 7,793,427.69 7,793,427.69 7,793,427.69 5.720 5.720 NR 1 2206 LAIF-Redevelopment Agency 8,093,586.10 8,093,586.10 8,093,586.10 5.720 5.720 NR 1 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 14,458,442.36 15,887,013.79 15,887,013.79 15,887,013.79 5.720 1 TREASURY SECURITIES - COUPON 2783 UNITED STATES TREASURY 03/17/97 999,754.49� 1,000,000.00 1,028,120.00 6.500 6.507 AAA 08/31/01 1,279 2819 UNITED STATES TREASURY 12/10/97 997,836.03 ' 1,000,000.00 1,004,220.00 5.750 5.837 AAA 10/31/00 975 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 1,997,557.96 1,997,590.52 2,032,340.00 2,000,000.00 6.172 1,127 MEDIUM TERM NOTES 2830 Associated Corp. 01/29/98 1,003,965.98 1,000,000.00 1,000,740.00 6.000 5.889 AA3 06/15/00 837 2809 Banc One Corp. 10/14/97 1,004,252.65 1,000,000.00 1,008,680.00 6.250 6.145 AA- 09/01/00 915 2782 General Electric 03/04/97 1,000,834.05 1,000,000.00 1,000,570.00 7.000 5.711 AAA 03/24/98 23 2808 JP Morgan 10/02/97 999,534.50 1,000,000.00 1,000,440.00 6.125 6.230 AA 10/02/00 946 2805 Norwest Financial, Inc. 10/01/97 2,008,906.25 2,000,000.00 2,011,880.00 6.375 6.060 AA3 10/01/99 579 2827 Sout^western Bell 01/12/98 994,851.08 1,000,000.00 987,020.00 5.730 5.939 AA3 10/21/02 1,695 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 7,013,236.95 7,012,344.51 7,009,330.00 7,000,000.00 6.005 795 ----------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. $ 72,910,148.38 73,099,228.79 74,105,790.79 73,015,013.79- 6.013% 604 04/06/1998 CITY OF HUNSINGTON BEACH PM - 4 INVESTMENT PORTFOLIO DETAILS - CASH CITY FEBRUARY 28, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- Accrued Interest at Purchase 43,630.12 -------------------------------------------------------------------------------- TOTAL CASH $ 43,630.12 TOTAL CASH and INVESTMENTS $ 74,105,790.79 72,953,778.50 A A A 04/06/1998 CITY OF HUNTINGTON BEACH PM - 5 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY FEBRUARY 1, 1998 - FEBRUARY 28, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------7------------------------------ REPURCHASE AGREEMENTS 98-101 UNION BATIK OF CALIFORNIA 5.038 02/10/1998 1,909,000.00 02/11/1998 1,909,000.00 98-122 UNION BANK OF CALIFORNIA 5.038 02/13/1998 891,000.00 02/17/1998 891,000.00 98-97 UNION BANK OF CALIFORNIA 5.038 02/03/1998 605,000.00 02/04/1998 605,000.00 98-100 Union Bank 5.038 02/09/1998 1,554,000.00 02/10/1998 1,554,000.00 98-102 Union Bank 5.163 02/11/1998 1,695,000.00 02/12/1998 1,695,000.00 98-103 Union Bank 5.100 02/12/1998 1,967,000.00 02/13/1998 1,967,000.00 98-104 Union Bank 5.475 02/17/1998 2,346,000.00 02/18/1998 2,346,000.00 98-105 Union Bank 5.163 02/18/1998 3,446,000.00 02/19/1998 3,446,000.00 98-106 Union Bank 4.975 02/20/1998 305,000.00 02/23/1998 305,000.00 98-107 Union Bank 5.038 • 02/19/1998 3,362,000.00 02/20/1998 3,362,000.00 98-108 Union Bank 5.100 02/23/1998 271,000.00 02/24/1998 271,000.00 98-109 Union Bank 5.288 02/25/1998 2,861,000.00 02/26/1998 2,861,000.00 98-110 Union Bank 5.225 02/27/1998 128,000.00 98-95 Union Bank 5.225 02/02/1998 872,000.00 98-96 Union Bank 5.288 02/02/1998 1,525,000.00 02/03/1998 1,525,000.00 98-98 Union Bank 4.975 02/04/1998 1,101,000.00 02/05/1998 1,101,000.00 98-99 Union Bank 5.038 02/05/1998 1,814,000.00 02/06/1998 1,814,000.00 SUB70TALS and ENDING BALANCE 25,780,000.00 26,524,000.00 128,000.00 BANKERS ACCEPTANCES 2,975,112.78 .. A 04/06/1998 CITY OF HUNTINGTON BEACH PM - 6 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY FEBRUARY 1, 1998 - FEBRUARY 28, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- COMMERCIAL PAPER - DISCOUNT 2,933,355.28 FEDERAL AGENCY ISSUES - COUPON 2831 FEDERAL FARM CREDIT BANK 5.810 02/02/1998 1,000,000.00 2832 Federal Home Loan Bank 5.750 02/17/1998 1,500,000.00 2751 Fed. Nat'l Mort. Assoc. 5.000 02/25/1998 3,000,000.00 A SUBTOTALS and ENDING BALANCE 2,500,000.00 3,000,000.00 41,976,731.50 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 2206 LAIF-Redevelopment Agency 5.720 7,000,000.00 8,000,000.00 15,887,013.79 TREASURY SECURITIES - COUPON 1,997,590.52 MEDIUM TERM NOTES 7,012,344.51 ------------------------------------------------------------------------ TOTALS 35,280,000.00 37,524,000.00 72,910,148.38 A A Monthly Investment Report and Summary of Investments for December 1998 :. City of Huntington Beach m ma s ry of Invetment Portfolio Su - - :Activity for_December; 1998 Financial Information: Increase - - - -- - -- November December (Decrease) End of month City Portfolio Balance $80,353,141 $86,489,533 $6,136,392 Accrued Interest at Purchase $26,430 - $25,264 -($1,166) Interest Earned for Month $369,607 $395,688: $26,081 : v. Earned Interest Yield Average 5.88% 5.73% - - 0.15% Average Maturity ( in days) 552 491.. -61 End of Month Market Value $80,729,780 $86,876,602 $6,146,822 End of month bank cash balance $2,796,081 $4,020,996 $1,224,915 . Comparison to Budget: Increase Budget Actual . (Decrease) Interest Earned for Month $300,000 $395,688 $95,688 Interest Earned Year to Date $900,000 $1,149,852 $249,852 Earned Interest Yield Year to Date 5.50% 5.79% 0.29% Transaction Summary: Increase November December (Decrease) Number of Securities Purchased 23 22 -1 Number of Securities Matured/Sold 21 19 -2 Summary by Individual Investment: Days Int. December % of Total Policy Limif to Mat. Rate Repurchase Agreements $1,817,000 2% None 1 4.16% Federal Agy Issues - Coupon $33,484,720 39% None 915 6.03% Local Agency Inv. Fund (LAIF) $27,349,630 31% $60 million 1 5.37% Medium Term Notes $12,849,718 15% 20% 729 5.84% Treasury Securities - Coupon $3,998,787 5% None 589 5.88% Commercial Paper- Disc. $1,997,104 2% 15% 9 5.59% Federal Agency -Disc. $4,992,574 6% None 10 5.70% Total $86,489,533 100% City of Huntington Beach City of HB 2000 Main St I Portfolio Management Huntington Beach;CA,92648 • Portfolio Summary December 31, 1998 Par Market Book %of Days to YTM 360 - YTM 365 Investments Value Value Value Portfolio Term Maturity. Equiv.: =' Equiv. Repurchase Agreements 1,817,000.00 1.817.000.00 1,817,000.00 2.10 4 3 4.100 4.157 Federal Agency Issues-Coupon 33,500,000.00 33,688,015.00 33,484,719.44 38.72 1,300 915 5.944 6.027 Local Agency Investment Funds 27,349,630.06 27,349,630.06 27,349,630.06 31.62 1 1 5.300, 5.374 Treasury Securities-Coupon 4,000,000.00 4,082,650.00 3,998,787.17 4.62 949 589 5.797 5.877 Medium Tenn Notes 12,825,000.00 12,946,167.00 12,849,718.40 14.86 1,032 729 5.764 5.844 Commercial Paper Disc.-Amortizing 2,000,000.00 1,998,080.00 1,997,103.89 2.31 24 9 5.511 5.587 Federal Agency Disc.-Amortizing 5,000,000.00 4,995,060.00 4,992,574.15 5.77 14 10 5.617 5.695 Total Investments and Averages 86,491,630.06 86,876,602.06 86,489,533.11 100.00% 702 491, .5.639 5.718 Cash Passbook/Checking 0.00 0.00 0.00 0 0 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase 25.263.82 25,263.82 Total Cash and Purchase Interest 25,263.82 25.263.82 !" Total Cash and Investments 86,491,630.06 86,901,865.88 86,514,796.93 702 491 5.639 5.718 Total Earnings December 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 396,688.04 1,149,851.51 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 81,367,090.50 78,825,400.56 Effective Rate of Ret&im 5.73% 5.79% / /9 T9 a i • S611 L. REI ENRICH Date I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is In with all CITY TREA RER 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: ' is .. - :•.'i l: :.•Portfolio CITY AP Run Date:01/19/1999-14:16 PM(PRF_PM1)SymRept V5.00)1 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details -Investments December 31, 1998 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 99-156 Union Bank 12/31/1998 1,817,000.00 1,817,000.00 1.817,000.00 -4.100 4.157 3 01/04/1999 Subtotal and Average 833,935.48 1,817,000.00 1,817,060.00 1,817.000.00 4.157 3 Federal Agency Issues-Coupon DD1143609 2813 FEDERAL FARM CREDIT BANK 11/20/1997 1,600,000.00 1,016,390.00 1,000.196.47 5.910 . AAA .5.898: ..'.689'11/20/2000 DD1158763 2831 FEDERAL FARM CREDIT BANK 02/02/1998 1,000,000.00 999,690.00 1.000.000.00 5.810 a AAA_ 5.810 763 02102/2001 313395YMlC 2784 Federal Home Loan Bank 03/26/1997 1,000,000.00 1,003,590.00 1,000,000.00 6.715 AAA 6.715' .:1,180 03/26/2002 2798 Federal Home Loan Bank 08/08/1997 2,000,000.00 2,009.380.00 2,000,000.00 5.955 :' AAA 5.955'-.=•.,188 07/08/1999 None yet 2799 Federal Home Loan Bank 08/27/1997 1,000,000.00 1,009.220.00 1,000,000.00. 6.500 AAA.- 6.500...1.334.'08/27/2002 3133M1VQ9 2806 Federal Home Loan Bank 10/15/1997 1,000,000.00 1,008,910.00 1,000.000.00 - 6.230 ' AAA 6.230-y.1,018'-10/15/2001 3133M1TC3 2817 Federal Home Loan Bank 12/19/1997 1,000,000.00 1,005,940.00 1,000,517.72 5.860 . .' AAA 5.778?=. .266 09/24/1999 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 1.009,060.00 1,000,000.00 6.200 AAA 6.200;:.,1.459'12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1.000.000.00 1,009,370.00 1,000,000.00 6.215 !1AAA`' 6.215,1:z;1,467_'01/07/2003 3133M2YJ0 2824 Federal Home Loan Bank 01/22/1998 1,000,000.00 1,000.470.00 ' 1,000,000.00. 6.050 t:AAA 6.050 752'01/22/2001 3133M3FB6 2832 Federal Home Loan Bank 02/17/1998 1,500,000.00 1,497,885.00 1.500.000.00 5.750 t, AAA 5.750 :' 594 08/17/2000 3133M3J97 2847 Federal Home Loan Bank 05/26/1998 1,000,000.00 1,001,560.00 999.222.35 5.810 :.AAA 5.909 r°.; 819 03/30/2001 3133M3A70 2850 Federal Home Loan Bank 06/12/1998 1,000,000.00 1,001,560.00 1,000,000.00 6.000 AAA 5.997 ",1,186;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 1. AAA 5.149 a:• 272.09/30/1999 3134AOJ86 2760 Federal Home Loan Mort Corp 05/17/1996 2.000,000.00 2,014,060.00 2,000,000.00 .6,990 AAA B.990.;>.867 05/17/2001 3134A1XF2 2803 Federal Home Loan Mort Corp 08/22/1997 1.000,000.00 1,005,780.00 998,791.76 :• 6.090 AAA' 6.242 J 574'•07P28/2000 2833 Federal Home Loan Mort Corp 03/10/1998 1,000,000.00 999,370.00 999,751.13 5.830 AAA 5.899 602 08/25/2000 3134A15T3 2835 Federal Home Loan Mort Corp 03/18/1998 1,000,000.00 1.000,160.00 999,837.28 •.5.850 ` AAA ;5.886 787.02/26/2001 31364C-FA-1 2765 Fed.Nat'l Mort.Assoc. 06/24/1996 1,000,000.00 1,010.000.00 1,000,000.00 7.070 x AAA ".7.070 906 06/25/200', 31364C41) 2800 Fed.Nall Mort.Assoc. 08/1211997 1,000,000.00 1,032,030.00 994,812.81 6.150 ' AAA. 6.320_ •1,312'08/05/2002 31364C4P0 2801 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,014,060.00 995,520.93 " .5.910 ?l"AAAI`-6.221.-_=",584:08/07/2000 31364FLJ8 2818 Fed.Nall Mort.Assoc. 12126/1997 1,000.000.00 1,016,870.00 1,000,000.00 -6A50 ,__ ;;AAA 31364FNB3 2825 Fed.Nall Mort.Assoc. 01/14/1998 1,000,000.00 .1,003,910.00 1,000,000.00 6.010- :;AAA",.:.6.010 1,474'01/14/2003 DD1152733 2826 Fed.Nat'l Mort.Assoc. 01/14/1998 1,000,000.00 1,003,910.00 1,000,000.00 6.010.•: AAA :,'6.010',-1,474`:01/14/2003 31364FVK5 2834 Fed.Nall Mort.Assoc. 03/18/1998 1,000,000.00 1,000,780.00 1,000,000.00 5.750 `:; AAA;r`5.749,`, 433`03/09/2000" 2846 Fed.Nat'l Mort.tlssoc. 05/21/1998 1.000,000.00 1.016.250.00 1,000,000.00 '' 6.030 "'AAA.:' 8:030 1,595.05/15/2003 31364FN49 2848 Fed.Nafl Mort.Assoc. 06/05/1998 1,000,000.00 1,001,090.00 1,000,000.00 5.800 :AAA 5.800`:,;_.523'06/07/2000 31364FX55 2853 Fed.Nafl Mort.Assoc. 07/21/1998 1.000,000.00 1,006,250.00 997.580.22 6.010: .�iAAA-t'.6.083 -1 1,651,,07/10/2003 EC0581545 2856 Fed.Narl Mort.Assoc. 10/29/1998 1.000,000.00 995,470.00 999,705.44 5.600 'i'AAA'', 5.011 "F1,032 10/29/2001 31364GGH6 2859 Fed.Nall Mort.Assoc. 11/13/1998 1,000,000.00 995,620.00 998,783.33 5.270 :':AAA '5.299,': :1,777 .11/13/2003 Subtotal and Average 33,774,521.70 33,500,000.00 33,688,015.00 33,484,719.44 6.027'+; 915 Portfolio CITY AP Run Date:01/19/1999-14:16 PM(PRF_PM2)SymRept V5.00J7 Report Ver.5.00 City of HB Portfolio Management Page s Portfolio Details - Investments December 31, 1998 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 Laff City 10,345.954.13 10,345,954.13 10,345,954.13 6.374 NR: 5.374 ;. 1 2206 LAIF-Redevelopment Agency y 17,003,675.93 17,003,675.93 17,003,675.93 5.374 NR 5.374 ` 1 Subtotal and Average 27,914,146.19 27,349,630.06 27,349,630.06 27.349,630.06 5.374' 1 Treasury Securities-Coupon 912827Z39 2783 UNITED STATES TREASURY 03/17/1997 1,000,000.00 1,045,780.00 999,813.23 6.500 !,AAA 6.507. 973 08/31/2001 912827V66 2819 UNITED STATES TREASURY 12/10/1997 1,000,000.00 1,019,060.00 998,515.18 5.750 - "AAA 5.837 669,10/3112000 912827Z96 2843 UNITED STATES TREASURY 04/29/1998 1,000,000.00 1.010,310.00 1,001,582.96 5.875 AAA 5.680.` 318 11/15/1999 US9128273444 2854 UNITED STATES TREASURY 07/31/1998 1,000,000.00 1.007,500.00 998,875.80 5.375 AAA 5.485 395 01/31/2000 Subtotal and Average 3,998,782.98 4,000,000.00 4,082,650.00 3,998,787.17 5.877 = 589 Medium Tenn Notes 02687QAK4 2839 American Intl Group(AIG) 03/30/1998 1,000,000.00 1,004,660.00 1,000,497.63 5.750 'Aaa 5.716 E_•451 03/27/2000 046003EL9 2830 Associated Corp. 01/29/1998 1.000,000.00 1,008,410.00 1,002,522.06 6.000 AA3 5.808- 531 06/15/2000 046003JP5 2857 Associated Corp. 11/06/1998 1,000,000.00 1.011,840.00 1,007,339.40 5.875 AA3 5.640 1,291 07/15/2002 05943FAE5 2809 Banc One Corp. 10/14/1997 1,000,000.00 1,010,420.00 1,002,835.10 6.250... !. AA- 6.060 609;09/01/2000 2840 General Electric Capital Corp 04/03/1998 1,000.000.00 1.006.730.00 1,000,507.24 5.840 :-, Aaa 5.799 454 03/30/2000 2841 General Electric Capital Corp 04/06/1998 1,000,000.00 1,013,000.00 1,000.251.79 5.920 Aas 5.909. 823 04/03/2001 61687YBUO 2808 JP Morgan 10/0211997 1,000,000.00 1,008.580.00 999,684.50 .: 6.125 AA.; 6.145;= 640:.10/02I2000 580135CA7 2851 McDonald's 06/30/1998 1,000,000.00 1,022,090.00 1,001,511.49 6.000 AA2 5.950:",1,269,06/23/2002 66938HAB6 2805 Norwest Financial,Inc. 10/01/1997 2,000,000.00 2,012,140.00 2,004,218.75 6.375 AA3' 5.977 "273 10/01/1999 84534ECS4 2827 Southwestern Bell 01/12/1998 1,000,000.00 1,008,010.00 995,776.03 5.730 AA3 5.858 1,389 10/21/2002 892332AF4 2858 Toyota Motor Credit 11/09/1998 500,000.00 502,980.00. 503,417.90 5.500 {. AA1 5.222.':.-990 09/17/2001 892332AF4 2860 Toyota Motor Credit 11/25/1998 325,000.00 326,937.00 326,441.82 5.500 ,'AA1'" 5.318:• 990'09/17/2001 894190AK3 2838 Travelers Group Inc. 03/27/1998 1,000,000.00 1.010,370.00 1.004,714.69 6.125 Aa3 5.770 531'06/15/2000 Subtotal and Average 12,850,351.15 12,825,000.00 12,946,167.00 12,849,718.40 5.844" 729, '. Bankers Acceptances-Amortizing Subtotal and Average . 418,978.12 Commercial Paper Disc.Amortizing 437605N87 2861 Homeside Lending Inc. 12/17/1998 1,000,000.00 999,460.00 998,930.56 5.500 0-1 , 5.595. 7 01/08/1999 437605ND6 2862 Homeside Lending Inc. 12/17/1998 1,000,000.00 998,620.00 998,173.33 5.480 ':'P-1 .5.579 12 01/13/1999 Subtotal and Average 965,307.53 2,000,000.00 1,998,080.00 1,997,103.89 5.587.:• -.9 Portfolio CITY • - AP Run Dale:01/19/1999-14:16 PM(PRF_PM2)SymRept V5.00)1 City of HB Portfolio-Management Page 4 Portfolio Details -Investments December 31, 1998 Average Purchase Stated i 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 313384AX7 2863 Federal Home Loan Bank 1224/1998 2,000,000.00 ; 1,995,060.00 1,994,061.66 5.090 AAA `5.182 '` 21 01=1999 963872-AD-9 2864 Sallie Mae 12/31/1998 3,000,000.00 3,000,000.00 2,998,512.49 5.950 AAA 6.037 3 01/04/1999 Subtotal and Average 611,067.36 5,000,000.00 4,995,060.00 4,992,574.15 5.695 10 Total Investments and Average 81,367,090.50 86,491,630.06 86,876,602.06 86,489,533.11 5.718 491 i . l: Portfolio CITY AP Run Date:01/19/1999-14:16 PM(PRF_PM2)SymRept V5.00J1 City of HB is Portfolio Management Page s Investment Activity By Type December 1, 1998 through December 31, 1998 Stated Transaction Purchases Salea/Maturltles CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals {Balance Repurchase Agreements 99-152 Union Bank 3.975 12/24/1998 968,00b.00 0.00 < 99-152 12/28/1698 0.00 968,000.00 99-140 Union Bank 4.725 12/01/1998 0.00 3,172.000.00 99-141 Union Bank 4.288 12/01/1998 713,000.00 0.00 99-141 12/02/1998 0.00 713,000.00 99-142 Union Bank 3.975 12/03/1998 803,000.00 0.00 - 99-142 12/04/1998 0.00 803,000.00 99-143 Union Bank 4.038 12/02/1998 796,000.00 0.00 99-143 12103/1998, 0.00 796,000.00 99-144 Union Bank 3.975 12/04/1998 760,000.00 0.00 99-144 12/07/1998 0.00 760,000.00_ 99-145 Union Bank 4.100 12/10/1998 711,000.00 0.00" 99-145 12/11/1998 0.00 711.000.00 99-146 Union Bank 4.288 12/11/1998 582,000.00 .0.00 99-146 12/14/1998 0.00 582,000.00 99-147 Union Bank 4.538 12/14/1998 1,698,000.00 0.00 99-147 12/15/1998 0.00 1,698.000.00 99-148 Union Bank 4.538 12/15/1998 1,399,000.00 0.00 99-148 12/16/1998 0.00 - 1,399,000.00 99-149 Union Bank 4.288 12/16/1998 1.630,000.00 0.00. 99-149 12/17/1998 0.00 1,630,000.00 99-150 Union Bank 4.038 12/18/1998 1.957,000.00 0.00 99-150 12/21/1998 0.00 .1,957,000.00 99-151 Union Bank 4.038 12/23/1998 205,000.00 0.00 99-151 12/24/1998 0.00 205.000.00 99-153 Union Bank 4.288 12/28/1998 755.000.00 0.00 ' 99-153 12/29/1998 0.00 . 755,000.00 99-154 Union Bank 4.225 12/29/1998 532,000.00 0.00 99-154 12/30/1998 0.00 532,000.00 99-155 Union Bank 3.975 12/30/1998 1,024,000.00 0.00 99-155 12/31/1998 0.00 1,024,000.00 99-156 Unlon.Bank 4.100 12/31/1998 1,817,000.00 0.00 Subtotal 16,350,000.00 17,705,000.00 1,817,000.00 Federal Agency Issues-Coupon 3133M4LG6 2849 Federal Home Loan Bank 5.800 12/10/1998 0.00 1,000.000.00 Portfolio CITY AP Run Date:01/19/1999-14:16 PM(PRF_PM3)SymRept V5.00)1 Report Ver.5.00 City of HB Portfolio Management Investment Activity By Type• Page s December 1, 1998 through December 31, 1998 3 Stated Transaction Purchases Sal es/MaturiUes CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance.;..' Federal Agency Issues-Coupon Subtotal 0.00 1,000,000.00 33,484,719.44- " Local Agency Investment Funds (Monthly Summary) 982 Laif City 5.374 1.000.000.00 4,500,000.00 2206 LAIF-Redevelopment Agency 5.374 9.000.000.00 3,000,000.00 Subtotal 10,000,000.00 7,500,000.00 27,349,630.06 Treasury Securities-Coupon i Subtotal 9,998,787.17 Medium Term Notes Subtotal i: 12,849,718.40- Bankers Acceptances-Amortizing PP5004TYO 2852 Bank of America 5.390 12/14/1998 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 0.00 Commercial Paper Disc.-Amortizing 437605N87 2861 Homeside Lending Inc. 5.500 12/17/1998 996,638.89 0.00 437605ND6 2862 Homeside Lending Inc. 5.480 12/17/1998 995,890.00 0.00 Subtotal 1,992,528.89 0.00 1,997,103.89 Federal Agency Disc.-Amortizing 313384AXI 2863 Federal Home Loan Bank 5.090 12/24/1998 1,991,799.44 0.00 963872-AD-9 2864 Sallie Mae 5.950 12/31/1998 2,998,016.66 .0.00 Subtotal. 4,989,816.10 .0.00 i 4,992,574.15 Total 33,332,344.99 27,205,000.00 86,489,533.11 Portfolio CITY AP Run Date:01/19/1999-14:16 PM(PRF_PM3)SyrnRept V5.00)1 Treasurer's Report-Shari L.Freidenrich, CPA Investment Balance Trends Portfolio Balances by Type $65M $70M $77M $76M $86M $86M 1000/0 ® ® ® ® ■Treasuries 80°k ■oCIP M Med Notes 80% 0 LAIF 0 Fed Ag. 40% ❑CP 20% E BA ❑Re ur. 0°� Slide 3 Nov-94 Dec-96 Dec-97 Mar-98 Jun-98 Dec-98 Treasurer's Report-Shari L.Freidenrich, CPA Liquidity Investment Maturities by Days, Ending Dec 1997/1998 40% 3206 I]1 Day M 2-180 Days 300/Ao 0.5-1 Yr. M1 -1.5Yr. 200/ 14°/6 !1.5-2 Yr. 10% / 0 2-3 Yr. o i M3-4Yr. Slide 4 1997 1998 Treasurer's Report-Shari L.Freidenrich,CPA General Fund Est. Cash Flow Jan 1999 to June 1999 $10,000,000 $4,276,154 $5,000,000 ($1,527,739) $0 _ A _ ($5,000,000) ($2,334,544) $417,996 ($148,204) ($10,000,000) ($1,295,234) ($15,000,000) Jan-99 Feb-99 Mar-99 Apr-89 May-99 Jun-99 Slide 5 Treasurer's Report-Shari L.Freidenrich, CPA Investment Yields Trends 0 LAIF/T-Bill Ave. El Actual = LAIF 8.00% 6.96% 7.00% 6.96% 6.93% 6.00% 4.95% 6.00% A ` 4.00% 3.00% 2.00% #' i h 1.00% # „= 0.00% { Mar-98 Jun-a8 Sep-98 Dec-98 Slide 6 Council/Agency Meeting Held: Deferred/Continued to: /FIAp r ve ❑�ondi ' Wally A rove ❑ Denied .btP1)7y ty Clerk's Signature Council Meeting Dat1*1 e���' anuary , 1 p J� �9, 1999 Department ID Number: CT 99-01 CITY OF HUNTINGTON BEACH x REQUEST FOR COUNCIL ACTION x SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS c-'-i-<C' q "r-C n M cc o r-:;� SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer D ��MQ PREPARED BY: SHARI L. FREIDENRICH, City Treasurer C) C-) ,NO m SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S NOVEMBER 1998 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, 1998 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, 1998, 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 November, 1998 Monthly Investment Report and Summary of Investments for November, 1998 City of Huntington Beach Summary of Investment Portfolio Activity for November 1998 Financial Information: Increase October November (Decrease) End of month City Portfolio Balance $76,116,299 $80,353,141 $4,236,842 Accrued Interest at Purchase $4,294 $26,430 $22,136 Interest Earned for Month $387,922 $369,607 ($18,315) Earned Interest Yield Average 5.82% 5.88% 0.06% Average Maturity ( in days) 565 552 -13 End of Month Market Value $76,718,365 $80,729,780 $4,011,415 End of month bank cash balance $4,265,165 $2,796,081 ($1,469,084) Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $300,000 $369,607 $69,607 Interest Earned Year to Date $600,000 $757,529 $157,529 Earned Interest Yield Year to Date 5.50% 5.85% 0.35% Transaction Summary: Increase October November (Decrease) Number of Securities Purchased 25 23 -2 Number of Securities Matured/Sold 25 21 -4 Summary by Individual Investment: Days Int. November % of Total Policy Limit to Mat. Rate Repurchase Agreements $3,172,000 4% None 1 4.79% Bankers Acceptances $998,054 1% 25% 13 5.59% Federal Agency Issues-Coupon $34,483,608 43% None 929 6.02% Local Agency Inv. Fund (LAIF) $24,849,630 31% $60 Million 1 5.49% Medium Term Notes $12,851,070 16% 20% 760 5.84% Treasury Securities $3,998,779 5% None 620 5.88% Total $80,353,141 100% f City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 Portfolio Summary B November 30, 1998 Par Market Book %of Days to YTM 360 YTM 365 Investments Value Value Value Portfolio Term Maturity Equiv. Equiv. Repurchase Agreements 3,172,000.00 3,172,000.00 3,172,000.00 3.95 1 0 4.725 4.791 Federal Agency Issues-Coupon 34,500,000.00 34,670,985.00 34,483,607.63 42.92 1,278 929 5.938 6.020 -^ai Agency Investment Funds 24,849,630.06 24,849,630.06 24,849,630.06 30.93 1 1 5.417 5.492 3sury Securities-Coupon 4,000,000.00 4,087,040.00 3,998,778.51 4.98 949 620 5.797 5.877 Medium Term Notes 12,825,000.00 12,952,075.25 12,851,070.81 15.99 1,032 760 5.764 5.844 Bankers Acceptances-Amortizing 1,000,000.00 998,050.00 998,053.61 1.24 147 13 5.511 5.588 Total Investments and Averages 80,346,630.06 80,729,780.31 80,353,140.62 100.00% 763 552 5.689 5.768 Cash Passbook/Checking 0.00 0.00 0.00 0 0 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase 26,430.49 26,430.49 Total Cash and Purchase Interest 26,430.49 26,430.49 Total Cash and Investments 80,346,630.06 80,766,210.80 80,379,671.11 763 552 6.689 6.768 Total Earnings November 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 369,607.34 757,529.34 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 'erage Daily Balance 76,492,332.76 77,633,722.07 _elective Rate of Ret n 5.88% 5.85% rl SHARI L.LRVENRICH 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:01/05/1999-16:42 PM(PRF_PM1)SyrnRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments November 30, 1998 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 99-140 Union Bank 11/30/1998 3.172,000.00 3,172,000.00 3,172,000.00 4.725 4.791 0 12/01/1998 Subtotal and Average 1,046,200.00 3,172,000.00 3,172,000.00 3,172,000.00 4.791 0 Federal Agency Issues-Coupon 1143609 2813 FEDERAL FARM CREDIT BANK 11/20/1997 1,000,00D.00 1,018,440.00 1,000,205.15 5.910 AAA 5.898 720 11/20/2000 ,1158763 2831 FEDERAL FARM CREDIT BANK 02/02/1998 1,000,000.00 999,530.00 1,000,000.00 5.810 AAA 5.810 794 02/02/2001 313395YMIC 2784 Federal Home Loan Bank 03/26/1997 1,000,000.00 1,004,690.00 1,000,000.00 6.715 AAA 6.715 1,211 03/26/2002 2798 Federal Home Loan Bank 08/08/1997 2,000.000.00 2,007,180.00 2,000,000.00 5.955 AAA 5.955 219 07/08/1999 None yet 2799 Federal Home Loan Bank 08/27/1997 1,000,000.00 1,009.370.00 1,000,000.00 6.500 AAA 6.500 1,365 08/27/2002 3133MIV09 2806 Federal Home Loan Bank 10/15/1997 1,D00,000.00 1.009,220.00 1,000,000.00 6.230 AAA 6.230 1.049 10/15/2001 3133M1TC3 2817 Federal Home Loan Bank 12/19/1997 1,000,000.00 1,005,940.00 1,000,576.77 5.860 AAA 5.778 297 09/24/1999 2820 Federal Home Loan Bank 12/30/1997 1,000.000.00 1,006,250.00 1,000.000.00 6.200 AAA 6.200 1,490 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000.000.00 1,006,090.00 1,000,000.00 6.215 AAA 6.215 1.498 01/07/2003 3133KGYJO 2824 Federal Home Loan Bank 01/22/1998 1,000,000.00 1,001,250.00 1,000,000.00 6.050 AAA 6.050 783 01/22/2001 3133WFB6 2832 Federal Home Loan Bank 02/17/1998 1,500,000.00 1,497,885.00 1,500,000.00 5.750 AAA 5.750 625 08/17/2000 3133NW97 2847 Federal Home Loan Bank 05/26/1998 1,000,000.00 1,001,560.00 998,960.22 5.810 AAA 5.909 850 03/30/2001 3133M4LG6 2849 Federal Home Loan Bank 06/10/1998 1.000,000.00 1,000,310.00 1,000.000.00 5.800 AAA 5.800 374 12/10/1999 3133M3A70 2850 Federal Home Loan Bank 06/12/1998 1,000,000.00 1,001,410.00 1,000,000.00 6.000 AAA 5.997 1,217 04/01/2002 3133M5UZ1 2855 Federal Home Loan Bank 10/01/1998 2,000.000.00 1,996,880.00 2,OOQ000.00 5.150 AAA 5.149 303 09/30/1999 3134AOJ86 2760 Federal Home Loan Mort Corp 05/17/1996 2.000,000.00 2,016,560.00 2.000.000.00 6.990 AAA 6.990 898 05/17/2001 3134A1XF2 2803 Federal Home Loan Mort Corp 08/22/1997 1,000,000.00 1,006,090.00 998,616.65 6.090 AAA 6.242 605 07/28/2000 2833 Federal Home Loan Mort Corp 03/10/1998 1,000,000.00 999,370.00 999,612.87 5.830 AAA 5.899 633 08/25/2000 3134A15T3 2835 Federal Home Loan Mort Corp 03/18/1998 1,000,000.00 1,000,000.00 999,748.52 5.850 AAA 5.886 818 02/26/2001 964C-FA-1 2765 Fed.Nat'l Mort.Assoc. 06/24/1996 1,000,000.00 1,011,090.00 1,000,000.00 7.070 AAA 7.070 937 06/25/2001 j64C4D 2800 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,037,500.00 994,692.55 6.150 AAA 6.320 1,343 08/05/2002 31364C4PO 2801 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,013,120.00 995,287.65 5.910 AAA 6.221 615 08/072000 31364FLJ8 2818 Fed.Nat'l Mort.Assoc. 12/26/1997 1,000,000.00 1,012,500.00 1,000,000.00 6.150 AAA 6.150 1.486 12/26/2002 31364FNB3 2825 Fed.Nat'l Mort.Assoc. 01/14/1998 1,000,000.00 998,750.00 1,000,000.00 6.010 AAA 6.010 1,505 01/14/2003 DD1152733 2826 Fed.Nat'l Mort.Assoc. 01/14/1998 1,000,000.00 998.750.00 1,000,000.00 6.010 AAA 6.010 1,505 01/14/2003 31364FVK5 2834 Fed.Nat'l Mort.Assoc. 03/18/1998 1,000,000.00 1,000,940.00 1,000,000.00 5.750 AAA 5.749 464 03/09/2000 2846 Fed.Nat'l Mort.Assoc. 05/21/1998 1,000,000.00 1.012,030.00 1,000,000.00 6.030 AAA 6.030 1,626 05/15/2003 31364FN49 2848 Fed.Nat'l Mort.Assoc. 06/05/1998 1,000,000.00 1,002,810.00 1,000,000.00 5.800 AAA 5.800 554 06/07/2000 31364FX55 2853 Fed.Nat'l Mort.Assoc. 07/21/1998 1,000,000.00 1.000,620.00 997.447.99 6.010 AAA 6.083 1,682 07/10/2003 ECO581545 2856 Fed.Nat'l Mort.Assoc. 10/29/1998 1,000,000.00 994,690.00 999,696.76 5.000 AAA 5.011 1,063 10/29/2001 31364GGH6 2859 Fed.Nat'l Mort.Assoc. 11/13/1998 1,000,000.00 1,000,160.00 998,762.50 5.270 AAA 5.299 1,808 11/13/2003 Portfolio CITY AP Run Date:01/0511 999-16:42 PM(PRF_PM2)SyrnRept V5.00jl Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments November 30, 1998 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 35,550,238.63 34,500,000.00 34,670,985.00 34,483,607.63 6.020 929- Local Agency Investment Funds 982 Laif City 13,845,954.13 13,845,954.13 13,845,954.13 5.492 NR 5.492 1 2206 LAIF-Redevelopment Agency 11,003,675.93 11,003,675.93 11,003,675.93 5.492 NR 5.492 1 Subtotal and Average 22,612,963.39 24,849,630.06 24,849,630.06 24,849,630.06 5.492 1 easury Securities-Coupon 912827Z39 2783 UNITED STATES TREASURY 03/17/1997 1,000.000.00 1,047,500.00 999,807.28 6.500 AAA 6.507 1,004 08/31/2001 912827V66 2819 UNITED STATES TREASURY 12/10/1997 1,000,000.00 1,020,940.00 998.446.38 5.750 AAA 5.837 700 10/31/20M 912827Z96 2843 UNITED STATES TREASURY 04/29/1998 1,000,000.00 1,010,940.00 1,001,737.28 5.875 AAA 5.680 349 11/15/1999 US9128273444 2854 UNITED STATES TREASURY 07/31/1998 1,000,000.00 1,007,660.00 998,787.57 5.375 AAA 5.485 426 01/31/2000 Subtotal and Average 3,998,774.45 4,000,000.00 4,087,040.00 3,998,778.51 5.877 620 Medium Term Notes 02687OAK4 2839 American Intl Group(AIG) 03/30/1998 1,000,000.00 1,005,420.00 1,000.531.10 5.750 Aaa 5.716 482 03/27/2000 046003EL9 28M Associated Corp. 01/29/1998 1,000,000.00 1,009.150.00 1,002,666.45 6.000 AA3 5.808 562 06/15/2000 046003JP5 2857 Associated Corp. 11/06/1998 1,000,000.00 1,009.890.00 1,D07,512.23 5.875 AA3 5.640 1,322 07/15/2002 05943FAE5 2809 Banc One Corp. 10/14/1997 1,000,000.00 1,010,150.00 1,002,976.86 6.250 AA- 6.060 640 09/01/2000 2840 General Electric Capital Corp 04/03/1998 1,000,000.00 1,007,600.00 1,000,541.13 5.840 Aaa 5.799 485 03/30/2000 2841 General Electric Capital Corp 04/06/1998 1,000,000.00 1,015,410.00 1.000,261.09 5.920 Aaa 5.909 854 04/03/2001 61687YBUO 2808 JP Morgan 10/02/1997 1.000,000.00 1.007,720.00 999,669.50 6.125 AA 6.145 671 10/02/2000 580135CA7 2851 McDonald's 06/30/1998 1,000,000.00 1,022,450.00 1.001,547.70 6.000 AA2 5.950 1,300 06/23/2002 66938HA136 28M Norwest Financial,Inc. 10/01/1997 2,000,000.00 2,013,620.00 2,004,687.50 6.375 AA3 5.977 304 10/01/1999 '4534ECS4 2827 Southwestern Bell 01/12/1998 1,000,000.()0 1,010,240.00 995,683.54 5.730 AA3 5.858 1,420 10/21/2002 332AF4 2858 Toyota Motor Credit 11/09/1998 500,000.00 502,585.00 503,522.96 5.500 AA1 5.222 1,021 09/17/2001 .92332AF4 2860 Toyota Motor Credit 11/25/1998 325,000.00 326,680.25 326,486.14 5.500 AA1 5.318 1,021 09/17/2001 89419oAK3 2838 Travelers Group Inc. 03/27/1998 1,000,000.00 1,011,160.00 1.004,984.61 6.125 Aa3 5.770 562 06/15/2000 Subtotal and Average 12,288,273.64 12,825,000.00 12,952,075.26 12,851,070.81 6.844 760 Bankers Acceptances-Amortizing PP5004TYO 2852 Bank of America 07/20/1998 1,000,000.00 998,050.00 998,053.61 5.390 A1+P1 5.588 13 12/14/1998 Subtotal and Average 995,882.64 1,000,000.00 998,060.00 998,053.61 6.588 13 Total Investments and Average 76,492,332.76 80,346,630.06 80,729,780.31 80,353,140.62 5.768 552 Portfolio CITY AP Run Date:01/05/1999-16:42 PM(PRF_PM2)SymRept V5.00j1 City of HB Portfolio Management Investment Activity BY Type e Page a November 1, 1998 through November 30, 1998 Stated Transaction Purchases Sales/Maturities CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 99-121 Union Bank 5.225 11/02/1998 0.00 1,826,000.00 99-122 Union Bank 4.913 11/02/1998 1,311,000.00 0.00 99-122 11/03/1998 0.00 1,311,000.00 99-123 Union Bank 4.725 11/03/1998 1,331,000.00 0.00 99-123 11/04/1998 0.00 1,331,000.00 99-124 Union Bank 4.538 11/04/1998 1,266,000.00 0.00 99-124 11/05/1998 0.00 1,266,000.00 99-125 Union Bank 4.350 11/05/1998 854,000.00 0.00 99-125 11/06/1998 0.00 854,000.00 99-126 Union Bank 4.225 11/06/1998 547.000.00 0.00 99-126 11/09/1998 0.00 547,000.00 99-127 Union Bank 4.288 11/09/1998 761,000.00 0.00 99-127 11/10/1998 0.00 761,000.00 99-128 Union Bank 4.288 11/10/1998 778,000.00 0.00 99-128 11/12/1998 0.00 778,000.00 99-129 Union Bank 4.350 11/12/1998 924,000.00 0.00 99-129 11/13/1998 0.00 924,000.00 99-131 Union Bank 4.913 11/16/1998 1,097,000.00 0.00 99-131 11/17/1998 0.00 1,097,000.00 99-132 Union Bank 4.350 11/17/1998 1,036,000.00 0.00 99-132 11/18/1998 0.00 1,036,000.00 99-133 Union Bank 3.975 11/18/1998 1,964,000.00 0.00 99-133 11/19/1998 0.00 1,964,000.00 99-134 Union Bank 3.975 11/19/1998 2,060,000.00 0.00 99-134 11/20/1998 0.00 2,060,000.00 99-M Union Bank 3.725 11/20/1998 395,000.00 0.00 99-135 11/23/1998 0.00 395,000.00 99-136 Union Bank 3.913 11/23/1998 392,000.00 0.00 99-136 11/24/1998 0.00 392,000.00 99-137 Union Bank 4.225 11/25/1998 1,916,000.00 0.00 99-137 11/27/1998 0.00 1,916,000.00 99-138 Union Bank 4.413 1127/1998 1,726,000.00 0.00 99-138 11/30/1998 0.00 1,726,000.00 99-140 Union Bank 4.725 11/30/1998 3,172,000.00 0.00 Subtotal 21,530,000.00 20,184,000.00 3,172,000.00 Portfolio CITY AP Run Date:01/05/1999-16:42 PM(PRF_PM3)SyrnRept V5.00il Report Ver.5.00 City of HB Portfolio Management Page s Y YP Investment ActivityB Type November 1, 1998 through November 30, 1998 Stated Transaction Purchases SaleslMaturities CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 313389-C8-9 2735 Federal Home Loan Bank 5.300 11/18/1998 0.00 1,000,000.00 3133M2BL0 2811 Federal Home Loan Bank 6.120 11/24/1998 0.00 1,000,000.00 313M1Y60 2812 Federal Home Loan Bank 6.035 11/05/1998 0.00 1,000,000.00 31364GGH6 2859 Fed.Nat'l Mort.Assoc. 5.270 11/13/1998 998,750.00 0.00 Subtotal 998,750.00 3,000,000.00 34,483,607.63 t_ocal Agency Investment Funds (Monthly Summary) 982 Laif City 5.492 700,000.00 0.00 2206 LAIF-Redevelopment Agency 5.492 8,850,000.00 6,500,000.00 Subtotal 9,550,000.00 6,500,000.00 24,849,630.06 Treasury Securities-Coupon Subtotal 3,998,778.61 Medium Term Notes 046003JP5 2857 Associated Corp. 5.875 11/06/1998 1,007,656.25 0.00 892332AF4 2858 Toyota Motor Credit 5.500 11/09/1998 503.600.00 0.00 892332AF4 2860 Toyota Motor Credit 5.500 11/25/1998 326,495.00 0.00 Subtotal 1,837,761.26 0.00 12,851,070.81 Bankers Acceptances-Amortizing Subtotal 998,063.61 Total 33,916,601.26 29,684,000.00 80,363,140.62 Portfolio CITY AP Run Date:01/05/1999-16:42 PM(PRF_PM3)SyrnRept V5.00j1 City of HB Portfolio Management Page Investment Activity Summary November 1997 through November 1998 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 November 1997 42 65,233,959.37 5.881 5.963 5.715 .25-'Jl D 21- 2J 718 479 n December 1997 47 69,905,976.88 5.873 5.955 5.744 ,Z7-,� 2:2--A 697 477 i January 1998 47 74,810,112.68 5.865 5.947 5.742 _2Y,7-& 24�e2.1 782 575 February 1998 48 74,105,790.79 5.887 5.969 5.720 �B��C/ kY/P 810 604 -ch 1998 51 73,598,408.88 5.866 5.947 5.680 29-3/ 20-;74 810 602 mpril 1998 53 80.602,816.72 5.850 5.931 5.672 y4 ,Z4 .2LY-,z 3 786 576 May 1998 54 83,621,791.26 5.819 5.899 5.673 773 562 June 1998 55 84,455,681.85 5.817 5.898 5.672pZ 2F>'aZIQ 778 563 July 1998 56 83,642,844.34 5.807 5.888 5.664 -2B"2 841 589 August 1998 54 77,690,951.82 5.824 5.905 5.652 M-,249 -W,7-2 803 572 September 1998 51 77,508.594.55 5.890 5.971 5.652 ,2(r 2/ .2a--a.s� 986 704 October 1998 51 78,541,518.18 5.762 5.842 5.557 .Zr2Si 2-,Z,.51 800 565 November 1998 52 76,492,332.75 5.689 5.768 5.492 .2t',U 12T.4/ 763 552 Average 51 76,961,831.45 6.833% 5.914% 6.664 23':gS .-2R- 796 571 Portfolio CITY AP Run Date:01/04/1999-17:31 PM(PRF_PM4)SyrnRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 7 Distribution of Investments By Type November 1997 through November 1998 November December January February March April May June July August September October November Average Investment Type 1997 1997 1998 1998 1998 1998 1998 1998 1998 1998 1998 1998 1998 by Period Repurchase Agreements 0.2 1.3 1.2 0.2 1.9 0.6 2.1 1.9 2.4 2.0 5.0 2.4 4.0 1.9% Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 57.7 55.5 56.5 57.6 57.5 53.8 52.1 52.4 56.0 53.6 57.3 47.9 42.9 53.9% ' Kcal Agency Investment Funds 22.7 25.0 22.5 21.8 21.1 26.5 25.8 25.9 19.3 21.5 9.9 28.6 30.9 23.2% .asury Securities-Coupon 1.5 2.6 2.7 2.7 2.6 3.6 3.6 3.5 5.0 5.1 6.6 5.3 5.0 3.8% Variable CD's Negotiable CD's Certificates of Deposit-Bank Medium Term Notes 13.5 10.5 9.3 9.6 10.5 12.0 11.9 12.8 13.7 14.1 18.1 14.5 16.0 12.8% Mortgage Backed Securities Bankers Acceptances-Amortizing 1.3 1.2 0.2% Commercial Paper Disc.-Amortizing Federal Agency Disc.-Amortizing Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Portfolio CITY AP Run Date:01/05/1%9-16:42 PM(PRF_PM5)SyrnRept V5.00j1 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 11/30/98 ..'a�::•:;•.*.�;:;.a.}••.:.•.;;;,•:v:•:;;;,:;k...... .... v;:,;::.:;. ......... ...:.x;•:;•,,3:,;;,,..:•:;.. w.... .. ....;..;.wv,... ,u;;... ::;;aw.;;;aw.,:a;;; :A ..,.d wzx�. fix.•'^�:a• z'� " ate,:` a.��zz�, ,•,,.,,.,.`,z '' ,,,axe zx,,,,,,,,,,,,, aa,kz"-•zz,axz,a, zxz>:yu,,;,w.,,,}„ w ,.,w<,,.}„x„a,�zzx:,x`z.., ,xz,,,�` ,;;,,z ,a, x���Z�`,zx'��a„`�` w,x;`?xN,",•,•,,,a,.,.,,,x,.y,,xxx „�`�2,`2N`2`, `.�;,'�`r::xS.:vi �::,`a�a:�„`^"„2�:ii.ni\Yx Jr �^�# yid ,,}},. a.n •.,.,a\"a„•n"Y .�a:i�. ��ca� y�+,i4.�`� i�a:'a^ew;`.�.„z„``zx``xz•";:27�\x:x}:a\xx:, „•:yx::,, Y �'i'if# .•,�i,,..4iiy�i. '�w7�,�```,�`',"`�,,.,,, .iilvh���YOt„Zk„ x•`,A,` ``.:` V!.•i��'.i7��2`:. ,lzz�x.,,,,,a,,,,,,,,,,,,,,,,.,.,a,,.,,,,,.,�Z„,:.K.,,. '��.,,„,.,,,.,.,•...zx w,..::•.,:„axz'�,�,,,,.:,,,,,,,,.:.:.:.:,.,..,:„z�.,,M,..w.,s��.�,.,,..,,,.M.a..,,.r.......,.,..,.,.,• United States Treasury: Bills $ 3,107,612,048.35 $ 3,193,231,370.00 NA Notes $ 4,796,836,623.44 $ 4,835,912,200.00 $ 63,108,929.95 Federal Agency: Bonds $ 2,249,041,648.99 $ 2,247,453,608.80 $ 32,982,736.62 Floaters $ 170,000,000.00 $ 169,894,300.00 $ 443,874.00 MBS $ 99,437,557.12 $ 100,752,409.20 $ 584,707.33 GNMA $ 2,045,644.87 $ 2,301,704.57 $ 20,218.33 SBA $ 264,606,690.77 $ 265,805,943.01 $ 2,632,326.55 FHLMC PC $ 19,826,253.30 $ 21,153,734.43 $ 318,206.98 Discount Notes $ 2,699,240,463.28 $ 2,731,156,324.15 NA Bankers Acceptances $ 65,410,488'10 $ 65,707,422.58 NA Corporate: Bonds $ 829,566,009.92 $ 830,020,641.44 $ 12,740,110.18 Floaters $ 1,024,477,402.69 $ 1,019,579,492.00 $ 6,605,451.55 CDs $ 5,220,857,169.66 $ 5,220,352,828.20 $ 83,643,808.35 Bank Notes $ 1,830,980,489.48 $ 1,830,997,126.35 $ 28,291,626.39 Repurchase Agreements NA NA NA Time Deposits $ 1,877,390,000.00 $ 1,877,390,000.00 NA AB 55 & GF Loans $ 2,814,249,860.91 $ 2,814,249,860.91 NA Commercial Paper $ 5,505,529,903.31 $ 5,547,234,866.75 NA Reverse Repurchase $ 648,014,000.00 $ 648,014,000.00 $ (3,349,928.33 TOTAL $ 31,929,094,254.19 $ 32,125,179,832.39 $ 228,022,067.90 Fair Value Including Accrued Interest $ 32,353,201,900.29 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: January 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 Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FOR DED Administrative Staff Assistant City Administrator Initial City Administrator Initial cif City Clerk EXPLANATION'FOR RETURN OF ITEM: SpaceOnly) RECEIVED FROM i AND MADE A PART OF;TH RECORD AT THJ� Treasurer's Report Shari L. Freidenrich, OFFICEE O CPA COUNCILMEE OF THE CITY CLERK CONNIE BROCKWAY,CITY CLERKTREASURER' S REPORT , { Shari L . Freidenrich CPA January 19, 1999 i f Treasurer's Report - Shari L. Freidenrich, CPA November 98 Investment Summary Financial Information: October November Inc(Dec) End of month City Portfolio Balance $76,116,299 $80,353,141 $4,236,842 Average Maturity ( in days) 565 552 -13 End of Month Market Value $76,718,365 $80,729,780 $4,011 ,415 YTD Average Daily Balance $78,541 ,518 $77,533,722 ($1 ,007,796) Comparison to Budget: Budget Actual Inc(Dec) Interest Earned for Month $300,000 $369,607 . $69,607 Interest Earned Year to Date $600,000 $757,529_ Eamed Interest Yield Year to Date 5.50% 5.85% 0.35% Summary by Individual Investment: Days,_ Int. _ November % of Total Policy Limit to Mat Rate Repurchase Agreements $3,172,000 4% None 1 4.79% Bankers Acceptances r $998,054 1% 25% 13. 5.59% Federal Agy Issues,- Coupon $34,483,608 43% None 929 .. 6.02% Local Agency Inv. Fund (LAIF) $24,849,630 31% $60 Million 1 5.49% Medium Term Notes $12,851 ,070 . 16% 20% 760 5:84% Treasury Securities $3,998,779 5% None 620; 5.88% Total $80,353,141 100% lYez9�✓� Council/Agency Meeting Held: /z- ,2/ 9 1? 03/0.•? Deferred/Continued to: Approved Condi ' n II Appr v d Denied 60�0V7-y y Jerk's Signature ouncil Meeting Date: December 21 11998 Departm nt ID Number: CT 98-13 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 OCTOBER 1998 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status, Attachments) Statement of Issue: Review and accept the monthly investment report for October, 1998 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, 1998, 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, 1998 1 Monthly Investment Report and Summary of Investments for October, 1998 City of Huntington Beach Summary of Investment Portfolio Activity for October, 1998 Financial Information: Increase September October (Decrease) End of month City Portfolio Balance $61,017,189 $76,116,299 $15,099,110 Accrued Interest at Purchase $15,841 $4,294 ($11,547) Interest Earned for Month $379,277 $387,922 $8,645 Earned Interest Yield Average 5.95% 5.82% -0.13% Average Maturity ( in days) 704 565 -139 End of Month Market Value $61,704,070 $76,718,365 $15,014,295 End of month bank cash balance $3,267,644 $4,265,165 $997,521 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $300,000 $387,922 $87,922 Interest Earned Year to Date $300,000 $387,922 $87,922 Earned Interest Yield Year to Date 5.50% 5.82% 0.32% Transaction Summary: Increase September October (Decrease) Number of Securities Purchased 21 25 4 Number of Securities Matured/Sold 25 25 0 Summary by Individual Investment: Days Int. October % of Total Policy Limit to Mat. Rate Repurchase Agreements $1,826,000 2% None 1 5.30% Bankers Acceptances $993,562 1% 25% 43 5.59% Federal Agy Issues - Coupon $36,483,757 48% None 888 6.02% Local Agency Inv. Fund (LAIF) $21,799,630 29% $40 Million 1 5.56% Medium Term Notes $11,014,580 15% 20% 719 5.91% Treasury Securities $3,998,770 5% None 650 5.88% Total $76,116,299 100% © WX City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach,CA,92648 •,� Portfolio Summary October 31, 1998 Par Market Book %of Days to YTM 360 YTM 365 Investments Value Value Value Portfolio Term Maturity Equiv. Equiv. Repurchase Agreements 1,826,000.00 1,826,000.00 1,826,000.00 2.40 3 1 5.225 5.298 Federal Agency Issues-Coupon 36,500,000.00 36,828,725.00 36,483,757.65 47.93 1,258 888 5.940 6.023 Local Agency Investment Funds 21,799,630.06 21,799,630.06 21,799,630.06 28.64 1 1 5.481 5.557 Treasury Securities-Coupon 4,000,000.00 4,108,830.00 3,998,770.12 5.25 949 650 5.797 5.877 Medium Term Notes 11,000,000.00 11,161,270.00 11,014,579.68 14.47 1,002 719 5.825 5.906 Bankers Acceptances-Amortizing 1,000,000.00 993,910.00 993,561.94 1.31 147 43 5.511 5.588 Total Investments and Averages 76,125,630.06 76,718,365.06 76,116,299.45 100.00% 800 565 5.762 5.842 Cash Passbook/Checking 0.00 0.00 0.00 0 0 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase 4,294.17 4,294.17 Total Cash and Purchase Interest 4,294.17 4,294.17 Total Cash and Investments 76,125,630.06 76,722,659.23 76,120,593.62 800 565 5.762 5.842 Total Earnings October 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 387,922.00 387,922.00 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 78,541,518.18 78,541,518.18 Effective Rate of Return 5.82% 5.82% _ 2- -7 SHARI L.F ENRICH 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. 15, 1997. 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:12/09/1998-15:20 PM(PRF_PM1)SymRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments October 31, 1998 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 99-121 Union Bank 10/30/1998 1,826,000.00 1,826,000.00 1,826,000.00 5.225 5.298 1 11/02/1998 Subtotal and Average 1,417,193.55 1,826,000.00 1,826,000.00 1,826,000.00 5.298 1 Federal Agency Issues-Coupon DD1143609 2813 FEDERAL FARM CREDIT BANK 11/20/1997 1,000,000.00 1,022,280.00 1,000,213.83 5.910 AAA 5.898 750 11/20/2000 DD1158763 2831 FEDERAL FARM CREDIT BANK 02/02/1998 1,000,000.00 1,001,090.00 1,000,000.00 5.810 AAA 5.810 93 02/02/2001 313389-C8-9 2735 Federal Home Loan Bank 11/18/1993 1,000,000.00 1,000,470.00 1,000,000.00 5.300 AAA 5.300 17 11/18/1998 313395YM1C 2784 Federal Home Loan Bank 03/26/1997 1,000,000.00 1,006,560.00 1,000,000.00 6.715 AAA 6.715 145 03/26/2002 2798 Federal Home Loan Bank 08/08/1997 2,000,000.00 2,011,880.00 2,000,000.00 5.955 AAA 5.955 249 07/08/1999 None yet 2799 Federal Home Loan Bank 08/27/1997 1,000,000.00 1,012,810.00 1,000,000.00 6.500 AAA 6.500 299 08/27/2002 3133M1VO9 2806 Federal Home Loan Bank 10/15/1997 1,000,000.00 1,013,280.00 1,000,000.00 6.230 AAA 6.230 348 10/15/2001 3133M2BL0 2811 Federal Home Loan Bank 11/24/1997 1,000,000.00 1,000,620.00 1,000,000.00 6.120 AAA 6.120 23 11/24/2000 313M1Y60 2812 Federal Home Loan Bank 11/07/1997 1,000,000.00 1,000,000.00 1,000,003.49 6.035 AAA 6.018 4 11/05/1999 3133MtTC3 2817 Federal Home Loan Bank 12/19/1997 1,000,000.00 1,009.840.00 1,000,635.83 5.860 AAA 5.778 327 09/24/1999 2820 Federal Home Loan Bank 12/30/1997 1,000,000.00 1,015,620.00 1,000,000.00 6.200 AAA 6.200 425 12/30/2002 3133M2VH7 2821 Federal Home Loan Bank 01/07/1998 1,000,000.00 1,016,250.00 1,000,000.00 6.215 AAA 6.215 432 01/07/2003 3133M2YJ0 2824 Federal Home Loan Bank 01/22/1998 1,000.000.00 1,001,870.00 1,000,000.00 6.050 AAA 6.050 82 01/22/2001 3133M3FI36 2832 Federal Home Loan Bank 02/17/1998 1,500,000.00 1,497,885.00 1,500,000.00 5.750 AAA 5.750 108 08/17/2000 3133M3J97 2847 Federal Home Loan Bank 05/26/1998 1,000,000.00 1,002,970.00 998,698.09 5.810 AAA 5.909 150 03/30/2001 3133M4LG6 2849 Federal Home Loan Bank 06/10/1998 1,000,000.00 1,001,250.00 1,000,000.00 5.800 AAA 5.800 39 12/10/1999 3133M3A70 2850 Federal Home Loan Bank 06/12/1998 1,000,000.00 1.003,590.00 1,000,000.00 6.000 AAA 5.997 151 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 60 09/30/1999 3134AOJ86 2760 Federal Home Loan Mort Corp 05/17/1996 2,000,000.00 2,021,560.00 2,000,000.00 6.990 AAA 6.990 197 05/17/2001 3134A1XF2 2803 Federal Home Loan Mort Corp 08/22/1997 1,000,000.00 1,008,750.00 998,441.54 6.090 AAA 6.242 269 07/28/2000 2833 Federal Home Loan Mort Corp 03/10/1998 1,000,000.00 999,370.00 999,474.61 5.830 AAA 5.899 116 08/25/2000 3134A15T3 2835 Federal Home Loan Mort Corp 03/18/1998 1,000,000.00 1,001,720.00 999,659.76 5.850 AAA 5.886 117 02/26/2001 31364C-FA-1 2765 Fed.Nat'l Mort.Assoc. 06/24/1996 1,000,000.00 1,013,750.00 1,000,000.00 7.070 AAA 7.070 235 06/25/2001 31364C41) 2800 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,045,470.00 994,572.30 6.150 AAA 6.320 1,373 08/05/2002 31364C4P0 2801 Fed.Nat'l Mort.Assoc. 08/12/1997 1,000,000.00 1,019,690.00 995,054.36 5.910 AAA 6.221 645 08/07/2000 31364FLJ8 2818 Fed.Nat'l Mort.Assoc. 12/26/1997 1,000,000.00 1,028,280.00 1,000,000.00 6.150 AAA 6.150 786 12/26/2002 31364FNB3 2825 Fed.Nat'l Mort.Assoc. 01/14/1998 1,000,000.00 1,012,030.00 1,000,000.00 6.010 AAA 6.010 439 01/14/2003 DD1152733 2826 Fed.Nat'l Mort.Assoc. 01/14/1998 1,000,000.00 1,012,030.00 1,000,000.00 6.010 AAA 6.010 439 01/14/2003 31364FVK5 2834 Fed.Nat'l Mort.Assoc. 03/18/1998 1,000,000.00 1,002,030.00 1,000,000.00 5.750 AAA 5.749 128 03/09/2000 2846 Fed.Nat'l Mort.Assoc. 05/21/1998 1,000,000.00 1,023,280.00 1,000,000.00 6.030 AAA 6.030 926 05/15/2003 31364FN49 2848 Fed.Nat'l Mort.Assoc. 06/05/1998 1,000,000.00 1,004,840.00 1,000,000.00 5.800 AAA 5.800 218 06/07/2000 31364FX55 2853 Fed.Nat'l Mort.Assoc. 07/21/1998 1,000,000.00 1,017,190.00 997,315.76 6.010 AAA 6.083 617 07/10/2003 Portfolio CITY AP Run Date:12/08/1998-17:51 PM(PRF PM2)SymRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments October 31, 1998 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 EC0581545 2856 Fed.Nat'l Mort.Assoc. 10/29/1998 1,000,000.00 1,000,470.00 999,688.08 5.000 AAA 5.011 362 10/29/2001 Subtotal and Average 36,885,182.75 36,500,000.00 36,828,725.00 36,483,757.65 6.023 305 Local Agency Investment Funds 982 Laif City 13,145,954.13 13,145,954.13 13,145,954.13 5.557 NR 5.557 1 2206 LAIF-Redevelopment Agency 8,653,675.93 8,653,675.93 8,653,675.93 5.557 NR 5.557 1 Subtotal and Average 23,428,987.54 21,799,630.06 21,799,630.06 21,799,630.06 5.557 1 Treasury Securities-Coupon 912827Z39 2783 UNITED STATES TREASURY 03/17/1997 1,000,000.00 1,055,780.00 999,801.52 6.500 AAA 6.507 1,034 08/31/2001 912827V66 2819 UNITED STATES TREASURY 12/10/1997 1,000,000.00 1,027,030.00 998,379.79 5.750 AAA 5.837 730 10/31/2000 912827Z96 2843 UNITED STATES TREASURY 04/29/1998 1,000,000.00 1,014,530.00 1,001,886.62 5.875 AAA 5.680 379 11/15/1999 US9128273444 2854 UNITED STATES TREASURY 07/31/1998 1,000,000.00 1,011,490.00 998,702.19 5.375 AAA 5.485 456 01/31/2000 Subtotal and Average 3,998,765.92 4,000,000.00 4,108,830.00 3,998,770.12 5.877 650 Medium Term Notes 026870AK4 2839 American Int'I Group(AIG) 03/30/1998 1,000,000.00 1,008,600.00 1,000,564.57 5.750 Aaa 5.716 512 03/27/2000 046003EL9 2830 Associated Corp. 01/29/1998 1,000,000.00 1,010,260.00 1,002,810.84 6.000 AA3 5.808 592 06/15/2000 05943FAE5 2809 Banc One Corp. 10/14/1997 1,000,000.00 1,016,180.00 1,003,118.61 6.250 AA- 6.060 670 09/01/2000 2840 General Electric Capital Corp 04/03/1998 1,000,000.00 1,011,690.00 1,000,575.02 5.840 Aaa 5.799 515 03/30/2000 2841 General Electric Capital Corp 04/06/1998 1,000,000.00 1,023,880.00 1,000,270.39 5.920 Aaa 5.909 884 04/03/2001 61687YBUO 2808 JP Morgan 10/02/1997 1,000,000.00 1,010,340.00 999,654.50 6.125 AA 6.145 701 10/02/2000 580135CA7 2851 McDonald's 06/30/1998 1,000,000.00 1,033,130.00 1,001,583.92 6.000 AA2 5.950 1,330 06/23/2002 66938HAB6 2805 Norwest Financial,Inc. 10/01/1997 2,000,000.00 2,016,580.00 2,005,156.25 6.375 AA3 5.977 334 10/01/1999 84534ECS4 2827 Southwestern Bell 01/12/1998 1,000,000.00 1,018,290.00 995,591.04 5.730 AA3 5.858 1,450 10/21/2002 894190AK3 2838 Travelers Group Inc. 03/27/1998 1,000,000.00 1,012,320.00 1,005,254.54 6.125 Aa3 5.770 592 06/15/2000 Subtotal and Average 11,015,061.56 11,000,000.00 11,161,270.00 11,014,579.68 5.906 719 Bankers Acceptances-Amortizing PP5004TYO 2852 Bank of America 07/20/1998 1,000,000.00 993,910.00 993,561.94 5.390 A1+131 5.588 43 12/14/1998 Subtotal and Average 1,796,326.86 1,000,000.00 993,910.00 993,561.94 5.588 43 Total Investments and Average 78,541,518.18 76,125,630.06 76,718,365.06 76,116,299.45 5.842 285 Portfolio CITY AP Run Date:12/08/1998-17:51 PM(PRF_PM2)SymRept VS.00jt City of HB Portfolio Management Investment Activity By Type Page 4 October 1, 1998 through October 31, 1998 Stated Transaction Purchases Sales/Maturities CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 98-256 Union Bank 5.600 10/01/1998 0.00 3,020,000.00 99-101 Union Bank 5.350 10/01/1998 1,858,000.00 0.00 99-101 10/02/1998 0.00 1,858,000.00 99-102 Union Bank 4.975 10/02/1998 1,213,000.00 0.00 99-102 10/05/1998 0.00 1,213,000.00 99-103 Union Bank 5.100 10/05/1998 1,422,000.00 0.00 99-103 10/06/1998 0.00 1,422,000.00 99-104 Union Bank 4.913 10/06/1998 903,000.00 0.00 99-104 10/07/1998 0.00 903,000.00 99-105 Union Bank 4.725 10/07/1998 1,068,000.00 0.00 99-105 10/08/1998 0.00 1,068,000.00 99-106 Union Bank 4.788 10/08/1998 1,275,000.00 0.00 99-106 10/09/1998 0.00 1,275,000.00 99-107 Union Bank 4.600 10/09/1998 1.861,000.00 0.00 99-107 10/13/1998 0.00 1,861,000.00 99-108 Union Bank 4.850 10/13/1998 874,000.00 0.00 99-108 10/14/1998 0.00 874,000.00 99-109 Union Bank 4.975 10/14/1998 1,464,000.00 0.00 99-109 10/15/1998 0.00 1,464,000.00 99-110 Union Bank 5.163 10/15/1998 853,000.00 0.00 99-110 10/16/1998 0.00 853.000.00 99-111 Union Bank 4.725 10/16/1998 937,000.00 0.00 99-111 10/19/1998 0.00 937,000.00 99-112 Union Bank 4.600 10/19/1998 1,282,000.00 0.00 99-112 10/20/1998 0.00 1,282,000.00 99-113 Union Bank 4.600 10/20/1998 2,165,000.00 0.00 99-113 10/21/1998 0.00 2,165,000.00 99-114 Union Bank 4.538 10/21/1998 1,888,000.00 0.00 99-114 10/22/1998 0.00 1,888,000.00 99-115 Union Bank 4.538 10/22/1998 1,427,000.00 0.00 99-115 10/23/1998 0.00 1,427,000.00 99-116 Union Bank 4.413 10/23/1998 964,000.00 0.00 99-116 10/26/1998 0.00 964.000.00 99-117 Union Bank 4.600 10/26/1998 2,192,000.00 0.00 99-117 10/27/1998 0.00 2,192,000.00 99-118 Union Bank 4.600 10/27/1998 1,052,000.00 0.00 Portfolio CITY AP Run Date:12/08/1998-17:51 PM(PRF_PM3)SyrnRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Investment Activity BY Type e Page s October 1, 1998 through October 31, 1998 Stated Transaction Purchases SaleslMaturities CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Repurchase Agreements 99-118 10/28/1998 0.00 1,052,000.00 99-119 Union Bank 4.663 10/28/1998 2,378,000.00 0.00 99-119 10/29/1998 0.00 2,378,000.00 99-120 Union Bank 4.913 10/29/1998 1,394,000.00 0.00 99-120 10/30/1998 0.00 1,394,000.00 99-121 Union Bank 5.225 10/30/1998 1,826,000.00 0.00 Subtotal 30,296,000.00 31,490,000.00 1,826,000.00 Federal Agency Issues-Coupon 3133M5UZ1 2855 Federal Home Loan Bank 5.150 10/01/1998 2,000,000.00 0.00 31364AN81 2790 Fed.Nat'l Mort.Assoc. 5.720 10/28/1998 0.00 1,498,372.46 EC0581545 2856 Fed.Nat'l Mort.Assoc. 5.000 10/29/1998 999,687.50 0.00 Subtotal 2,999,687.50 1,498,372.46 36,483,757.65 Local Agency Investment Funds (Monthly Summary) 982 Laif City 5.557 9,127,412.30 1,000,000.00 2206 LAIF-Redevelopment Agency 5.557 11,621,867.57 4,000,000.00 Subtotal 20,749,279.87 5,000,000.00 21,799,630.06 Treasury Securities-Coupon Subtotal 3,998,770.12 Medium Term Notes Subtotal 11,014,579.68 Bankers Acceptances-Amortizing PP2102PQD 2844 Bank of New York 5.360 10/26/1998 0.00 1,000,000.00 Subtotal 0.00 1,000,000.00 993,561.94 Total 54,044,967.37 38,988,372.46 76,116,299.45 Portfolio CITY AP Run Date:12/08/1998-17:51 PM(PRF_PM3)SymRept V5.00j1 City of HB Portfolio Management Page 6 Investment Activity Summary October 1997 through October 1998 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 October 1997 40 67,919,758.32 5.883 5.965 5.705 4'f tl7 ,4t- (2 720 476 November 1997 42 65,233,959.37 5.881 5.963 5.715 23- 3 21-,?-S 718 479 December 1997 47 69,905,976.88 5.873 5.955 5.744 -27'12J? -22-a.3 697 477 January 1998 47 74,810,112.68 5.865 5.947 5.742 -24 2(Q .2�z� 782 57F February 1998 48 74,105,790.79 5.887 5.969 5.720 �w cl 4-7-- 810 60,, March 1998 51 73,598,408.88 5.866 5.947 5.680 y2e- 810 602 April 1998 53 80,602,816.72 5.850 5.931 5.672 786 576 May 1998 54 83,621,791.26 5.819 5.899 5.673 2'3,zy2/3 773 562 June 1998 55 84,455,681.85 5.817 5.898 5.672 26- 778 563 July 1998 56 83,642,844.34 5.807 5.888 5.664 -1&.29 -2-5 841 589 August 1998 54 77,690,951.82 5.824 5.905 5.652 �19'.ZO �4"�02 803 572 September 1998 51 77,508,594.55 5.890 5.971 5.652 -20';2( ,2a%2.-S7- 986 704 October 1998 51 78,541,518.18 5.762 5.842 5.557 -.26' 800 285 Average 50 76,289,560.48 5.848% 5.929% 5.681 128E �2S�a /_ 793 543 >2 �P Portfolio CITY AP Run Date:12/08/1998-17:51 PM(PRF_PM4)SymRept V5.00j1 Report Ver.5.00 City of HB Portfolio Management Page 7 Distribution of Investments By Type October 1997 through October 1998 October November December January February March April May June July August September October Average Investment Type 1997 1997 1997 1998 1998 1998 1998 1998 1998 1998 1998 1998 1998 by Period Repurchase Agreements 4.5 0.2 1.3 1.2 0.2 1.9 0.6 2.1 1.9 2.4 2.0 5.0 2.4 2.0% Certificates of Deposit Bankers Acceptances 3.0 2.9 1.3 4.0 4.1 2.6 2.3 3.5 3.4 3.6 3.7 3.2 2.9% Commercial Paper-Discount 1.5 3.8 3.9 4.0 3.8 1.2 1.2 1.5% Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 56.7 57.7 55.5 56.5 57.6 57.5 53.8 52.1 52.4 56.0 53.6 57.3 47.9 55.6. Federal Agency Issues-Discount Local Agency Investment Funds 20.7 22.7 25.0 22.5 21.8 21.1 26.5 25.8 25.9 19.3 21.5 9.9 28.6 22.4% Treasury Securities-Coupon 1.5 1.5 2.6 2.7 2.7 2.6 3.6 3.6 3.5 5.0 5.1 6.6 5.3 3.6% Treasury Securities-Discount Variable CD's Negotiable CD's Certificates of Deposit-Bank Medium Term Notes 13.7 13.5 10.5 9.3 9.6 10.5 12.0 11.9 12.8 13.7 14.1 18.1 14.5 12.6% Miscellaneous Securities-Discount Mortgage Backed Securities Portfolio CITY AP Run Date:12/08/1998-17:51 PM(PRF_PM5)SymRept V5.00j1 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 10/31/98 Descr�pt�on r Carrying Cost Plus Y �,.r M�; � �,;..,_,.,,,, Accrued Interest Purch� � Fair}1/alue ��� �Accrued,Interest United States Treasury: Bills $ 2,291,093,290.97 $ 2,373,771,560.00 NA Notes $ 4,949,508,724.48 $ 5,003,053,300.00 $ 72,459,517.55 Federal Agency: Bonds $ 2,029,113,176.58 $ 2,036,162,399.00 $ 27,942,489.95 Floaters $ 170,000,000.00 $ 169,876,800.00 $ 2,085,433.40 MBS $ 108,071,929.21 $ 109,744,828.99 $ 635,626.21 GNMA $ 2,140,289.27 $ 2,400,839.67 $ 21,182.72 SBA $ 267,498,520.35 $ 268,673,629.50 $ 2,660,937.48 FHLMC PC $ 20,341,558.09 $ 22,377,085.70 $ 336,304.20 Discount Notes $ 2,025,704,791.87 $ 2,047,592,593.55 NA Bankers Acceptances $ 39,627,644.21 $ 39,781,166.85 NA Corporate: Bonds $ 872,781,006.87 $ 873,350,349.54 $ 12,188,130.28 Floaters $ 924,477,402.69 $ 916,765,542.00 $. 6,040,289.07 CDs $ 4,925,121,842.40 $ 4,928,343,976.20 $ 75,466,179.19 Bank Notes $ 1,730,980,489.48 $ 1,732,893,072.48 $ 26,290,043.05 Repurchase Agreements NA NA NA Time Deposits $ 1,877,390,000.00 $ 1,877,390,000.00 NA AB 55&GF Loans $ 2,667,904,996.00 $ 2,667,904,996.00 NA Commercial Paper $ 7,201,597,716.67 $ 7,253,638,487.92 NA Reverse Repurchase $ 445,904,000.00 $ 445,904,000.00 $ 1,459,704.52 TOTAL $ 31,657,449,379.14 $ 31,877,816,627.40 $ 224,666,428.58 Fair Value Including Accrued Interest $ 32,102,483,055.98 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 21 , 1998 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 A ttomeyj 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 FORkMRDED Administrative Staff Assistant City Administrator Initial City Administrator Initial City Clerk EXPLANATION FOR RETURN OF ITEM: (Below • . For RECORD E OFFICE OF THE CITY CLER u t: Treasu-rer's Report`- Sha � . Fr, ri'l.Q TREASURER' S REPORT Ar a a " , October 98 Investment Summary Financiallnformatien: September October Inc(+Deck End of month City Portfolio Balance "$61,01 Z 81 9 $76,116,2�99 $15,U99,110 Average Maturity ( n'days) - _ t - 704 565: 439 End of Month Market Value $61 ,70+070 .$76,718,365 4$15,014,295 YTD Auerage Daily Balance" $76,120;1-19 $78-541 ,518 }-- $y2,421 ,3t99 Cemparisen to Budget = Budget .-Actual - Inc(Dec) Interest Eamed for Month $300,000 .-$387,922  $87,92�2 Interest Eamed Year to Date $300,000 $387,922 $87,92r2 Eamed Interest Yield Year to-Date 5.50% --- Summary by Indnrid.uAl Investment: Days Int. October -.% of Total Policy_Lim t to Mat Rate Repurchase Agreements $1 , 26,000 . = 2% `' None Bankers Acceptances Federal Agy Issues - coupon $36,483,757 48% None 888 6.02% Local Agency Inv. Fund (LAIF) $�21 ,799,630 29% $40 Million Medium Term Notes $11 ,014,580 M 150, 20% 719 5.91 Treasury Securities $X3,998,774 S% None 650 5.88% otal $76,1 6,299 100°� FR�r,���veic� Council/Agency Meeting Held: /D•20 7Appr?ved rred/Continued to: ❑ Condition Ily A p oved ❑ Denied 4 vTY y Clerk's Signature —T Council Meeting Date: // November 2, 1998 Department ID Number: CT 98-12 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 Treasur SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S SEPTEMBER 1998 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, 1998 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, 1998.,_ 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, 1998 C Monthly Investment Report and Summary of Investments for September, 1998 4 A7 � CHK 14 3 RCA ROUTING SHEET INITIATING CITY TREASURER DEPARTMENT: SUBJECT: Investment Summary Report COUNCIL MEETING DATE: November 2, 1998 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff Assistant City Administrator Initial City Administrator Initial City Clerk EXPLANATION FOR RETURN OF ITEM`' SpaceOnly) City of Huntington Beach Summary of Investment Portfolio Activity for September, 1998 Financial Information: Increase August September (Decrease) End of month City Portfolio Balance $78,257,796 $61,017,189 ($17,2401'607) Accrued Interest at Purchase $26,810 $15,841 ($10,969) Interest Earned for Month $385,925 $379,277 ($6,648) Earned Interest Yield Average 5.83% 5.95% 0.12% Average Maturity ( in days) 572 704 132 End of Month Market Value $78,685,690 $61,704,070 ($16,981,620) End of month bank cash balance $3,213,237 $3,267,644 $54,407 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $379,277 $104,277 Interest Earned Year to Date $3,300,000 $4,513,758 $1,213,758 Earned Interest Yield Year to Date 5.50% 5.93% 0.43% Transaction Summary: Increase August September (Decrease) Number of Securities Purchased 20 21 1 Number of Securities Matured/Sold 22 25 3 Summary by Individual Investment: Days Int. September % of Total Policy Limit to Mat. Rate Repurchase Agreements $3,020,000 5% None 1 5.68% Bankers Acceptances $1,951,489 3% 25% 50 5.59% Federal Agy Issues - Coupon $34,980,979 57% None 911 6.18% Local Agency Inv. Fund (LAIF) $6,050,350 10%. $40 Million 1 5.64% Medium Term Notes $11,015,610 18% 20% 750 5.99% Treasury Securities $3 998 761 7% None 681 5.88% Total $61,017,189 100% 10/21/1998 CITY OF HUNTINGTON BEACH PM - 1 PORTFOLIO MASTER SUMMARY CITY SEPTEMBER 30, 1998 ACCRUAL AVERAGE ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOR VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT ------------------------------------------------------------------------------------------------------------------------------------ Repurchase Agreements....................... .$ 3,020,000.00 4.95 1 0 5.600 5.678 Bankers Acceptances..........................$ 1,951,488.61 3.20 162 50 5.509 5.585 Federal Agency Issues - Coupon...............$ 34,980,979.05 57.33 1,285 911 6.092 6.177 Local Agency Investment Funds... ............ .$ 6,050,350.19 9.92 1 1 5.562 5.639 Treasury Securities - Coupon.................$ 3,998,761.45 6.55 949 681 5.797 5.877 Medium Term Notes............................$ 11,015,609.91 18.05 1,002 750 5.906 5.988 ------------------------------------------------------------------------------ TOTAL INVESTMENTS and AVERAGES.............$ 61,017,189.21 100.00& 986 704 5.944& 6.026& ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ CASH Passbook/Checking Accounts...................$ 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase.................$ 15,841.39 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST.............$ 15,841.39 ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ TOTAL CASH and INVESTMENTS...... ...........$ 61,033,030.60 ------------------------------------------------------------------------------ MONTH ENDING FISCAL FISCAL TOTAL EARNINGS SEPTEMBER 30 YEAR TO DATE YEAR ENDING Current Year $ 379,277.49 $ 4,513,757.86 $ 4,513,757.86 AVERAGE DAILY BALANCE $ 77,508,594.55 $ 76,120,118.81 EFFECTIVE RATE OF RETURN 5.95& 5.93% Current Budget $ 275,000.00 $ 3,300,000.00 $ 3,300,000.00 rl�Ax+46C a I certify that this report accurately reflects all City and Redevelopment Agency S L. JPREIJENRICH pooled investments and is in conformity with all State laws and the investment CITY T policy statement filed with the City Council on Dec. 15, 1997. A copy of this O policy is available at the office of the City Clerk. The investment program / a herein shown provides sufficient cash flow liquidity to meet the next six DATE month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J. Kenney pricing services. 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M W W W H MIP W H 0 0 W 0 MO N m N Y 0 1 N IP 0 I H N 10/21/1998 CITY OF HUNTINGTON BEACH PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY SEPTEMBER 30, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 41,746,916.75 34,980,979.05 35,379,050.00 35,000,000.00 6.177 911 LOCAL AGENCY INVESTMENT FUNDS 982 Laif City 5,018,541.83 5,018,541.83 5,018,541.83 5.639 5.639 NR 1 2206 LAIF-Redevelopment Agency 1,031,808.36 1,031,808.36 1,031,808.36 5.639 5.639 NR 1 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 16,792,016.86 6,050,350.19 6,050,350.19 6,050,350.19 5.639 1 TREASURY SECURITIES - COUPON 2783 UNITED STATES TREASURY 03/17/97 999,795.57 1,000,000.00 1,057,190.00 6.500 6.507 AAA 08/31/01 1,065 2819 UNITED STATES TREASURY 12/10/97 998,310.99 1,000,000.00 1,026,870.00 5.750 5.837 AAA 10/31/00 761 2843 UNITED STATES TREASURY 04/29/98 1,002,040.93 1,000,000.00 1,014,060.00 5.875 5.680 AAA 11/15/99 410 2854 UNITED STATES TREASURY 07/31/98 998,613.96 1,000,000.00 1,010,620.00 5.375 5.485 AAA O1/31/00 487 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 3,998,757.39 3,998,761.45 4,108,740.00 4,000,000.00 5.877 681 MEDIUM TERM NOTES 2839 American Int'l Group (AIG) 03/30/98 1,000,598.05 1,000,000.00 1,008,530.00 5.750 5.795 Aaa 03/27/00 543 2830 Associated Corp. 01/29/98 1,002,955.23 1,000,000.00 1,013,300.00 6.000 5.889 AA3 06/15/00 623 2809 Banc One Corp. 10/14/97 1,003,260.37 1,000,000.00 1,014,780.00 6.250 6.145 AA- 09/01/00 701 2840 General Electric Capital Co 04/03/98 1,000,608.91 1,000,000.00 1,007,740.00 5.840 5.880 Aaa 03/30/00 546 2841 General Electric Capital Co 04/06/98 1,000,279.70 1,000,000.00 1,018,250.00 5.920 5.989 Aaa 04/03/01 915 2808 JP Morgan 10/02/97 999,639.50 1,000,000.00 1,018,580.00 6.125 6.230 AA 10/02/00 732 2851 McDonald's 06/30/98 1,001,620.14 1,000,000.00 1,023,630.00 6.000 6.033 AA2 06/23/02 1,361 2805 Norwest Financial, Inc. 10/01/97 2,005,625.00 2,000,000.00 2,016,420.00 6.375 6.060 AA3 10/01/99 365 2827 Southwestern Bell 01/12/98 995,498.55 1,000,000.00 1,025,620.00 5.730 5.939 AA3 10/21/02 1,481 2838 Travelers Group Inc. 03/27/98 1,005,524.46 1,000,000.00 1,013,680.00 6.125 5.850 Aaa 06/15/00 623 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 11,016,107.84 11,015,609.91 11,160,530.00 11,000,000.00 5.988 750 ----------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. $ 61,017,189.21 61,704,070.19 77,508,594.55 61,070,350.19 6.026& 704 10/21/1998 CITY OF HUNTINGTON BEACH PM - 4 INVESTMENT PORTFOLIO DETAILS - CASH CITY SEPTEMBER 30, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- Accrued Interest at Purchase 15,841.39 -------------------------------------------------------------------------------- TOTAL CASH $ 15,941.39 TOTAL CASH and INVESTMENTS $ 77,508,594.55 61,033,030.60 10/21/1998 CITY OF HUNTINGTON BEACH PM - 5 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY SEPTEFBER 1, 1998 - SEPTEMBER 30, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------- REPURCHASE AGREE ENTS 98-237 Union Bank 5.475 09/01/1998 1,537,000.00 98-238 Union Bank -5.288 09/01/1998 1,653,000.00 09/02/1998 1,653,000.00 98-239 Union Bank 5.100 09/02/1998 1,601,000.00 09/03/1998 1,601,000.00 98-240 Union Bank 5.100 09/03/1998 1,700,000.00 09/04/1998 1,700,000.00 98-241 Union Bank 5.038 09/04/1998 1,848,000.00 09/08/1998 1,848,000.00 98-242 Union Bank 5.163 09/08/1998 1,450,000.00 09/09/1998 1,450,000.00 98-243 Union Bank 5.288 09/09/1998 1,627,000.00 09/10/1998 1,627,000.00 98-244 Union Bank 5.163 09/10/1998 2,506,000.00 09/11/1998 2,506,000.00 98-245 Union Bank 5.038 09/11/1998 1,200,000.00 09/14/1998 1,200,000.00 98-246 Union Bank 5.225 09/14/1998 1,663,000.00 09/15/1998 1,663,000.00 98-247 Union Bank 5.038 09/16/1998 400,000.00 09/17/1998 400,000.00 98-248 Union Bank 5.038 09/17/1998 360,000.00 09/18/1998 ,360,000.00 98-249 Union Bank 5.038 09/21/1998 400,000.00 09/22/1998 400,000.00 98-250 Union Bank 5.038 09/22/1998 573,000.00 09/23/1998 573,000.00 98-251 Union Bank 5.038 09/23/1998 954,000.00 09/24/1998 954,000.00 98-252 Union Bank 4.913 09/24/1998 2,584,000.00 09/25/1998 2,584,000.00 98-253 Union Bank 4.975 09/25/1998 3,808,000.00 09/28/1998 3,808,000.00 96-254 Union Bank 5.100 09/28/1998 1,464,000.00 09/29/1998 1,464,000.00 98-255 Union Bank 4.975 09/29/1998 1,451,000.00 09/30/1998 1,451,000.00 98-256 Union Bank 5.600 09/30/1998 3,020,000.00 98-257 Union Bank 4.975 09/18/1998 538,000.00 09/21/1998 539,000.00 SUBTOTALS and ENDING BALANCE 30,800,000.00 29,317,000.00 3,020,000.00 10/21/1998 CITY OF HUNTINGTON BEACH PM - 6 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY SEPTEMBER 1, 1998 - SEPTEMBER 30, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- BANKERS ACCEPTANCES 2836 Bank of America 5.360 09/14/1998 974,093.33 1,951,488.61 FEDERAL AGENCY ISSUES - COUPON 2804 Federal Home Loan Bank 5.735 09/30/1998 2,000,000.00 2807 Federal Home Loan Bank 5.735 09/30/1998 5,000,000.00 SUBTOTALS and ENDING BALANCE 0.00 7,000,000.00 34,980,979.05 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 982 Lai£ City 5.639 4,000,000.00 2206 LAIF-Redevelopment Agency 5.639 3,250,000.00 10,000,000.00 SUBTOTALS and ENDING BALANCE 3,250,000.00 14,000,000.00 6,050,350.19 TREASURY SECURITIES - COUPON 3,998,761.45 MEDIUM TERM NOTES 11,015,609.91 --------------------------------------------------------------- TOTALS 34,050,000.00 51,291,093.33 61,017,189.21 10/21/1998 PM - 7 CITY OF HUNTINGTON BEACH CITY INVESTMENT ACTIVITY SUMMARY ACCRUAL SEPTEMBER 1997 through SEPTEMBER 1998 YIELD TO MATURITY MANAGED NUMBER OF NUMBER OF AVERAGE MONTH NUMBER OF AVERAGE 360 365 POOL SECURITIES SECURITIES AVERAGE DAYS TO END YEAR SECURITIES BALANCE EQUIV EQUIV RATE PURCHASED MATURED/SOLD TERM MATURITY ------------------------------------------------------------------------------------------------------------------- September 97 41 68,579,209.87 5.884 5.966 5.707 3 38 598 376 October 97 40 67,919,648.94 5.924 6.006 5.705 8 44 720 476 November 97 42 65,233,959.37 5.927 6.010 5.715 6 21 718 479 December 97 47 69,905,976.88 5.917 5.999 5.744 8 22 697 477 January 98 47 74,810,112.68 5.911 5.993 5.742 9 24 782 575 February 98 48 74,105,790.79 5.931 6.013 5.720 3 17 810 604 March 98 51 73,598,396.03 5.912 5.994 5.680 8 26 810 602 April 98 53 80,602,759.04 5.895 5.977 5.672 5 21 786 576 May 98 54 83,621,791.26 5.864 5.946 5.673 4 22 773 562 June 98 55 84,455,681.85 5.864 5.945 5.671 5 25 778 563 July 98 56 83,642,844.34 5.856 5.937 5.660 4 25 841 589 August 98 54 77,948,048.59 5.874 5.955 5.652 1 21 803 572 September 98 51 77,508,594.55 5.944 6.026 5.639 1 23 986 704 --------------------------------------------------------------------------------------------------- AVERAGES 49 $ 75,547,391.55 5.900w 5.982W 5.691$ 5 25 777 550 10/21/1998 PM - 8 CITY OF HUNTINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE SEPTEMBER 1997 through SEPTEMBER 1998 MONTH ------------------------------------------------- TYPES OF INVESTMENTS ------------------------------------------------ END YEAR RPA SCD BAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MC1 MD1 PA1 GN1 -------------------------------------------------------------------------------------------------------'----------------------------- September 97 2.7 2.8 5.7 44.5 34.0 2.9 7.3 October 97 4.5 3.0 56.7 20.7 1.5 13.7 November 97 0.2 2.9 1.5 57.7 22.7 1.5 13.5 December 97 1.3 1.3 3.8 55.5 25.0 2.6 10.5 January 98 1.2 4.0 3.9 56.5 22.5 2.7 9.3 February 98 0.2 4.1 4.0 57.6 21.8 2.7 9.6 March 98 1.9 2.6 3.8 57.5 21.1 2.6 10.5 April 98 0.6 2.3 1.2 53.8 26.5 3.6 12.0 May 98 2.1 3.5 1.2 52.1 25.8 3.6 11.9 June 98 1.9 3.4 52.4 25.9 3.5 12.8 July 98 2.4 3.6 56.0 19.3 5.0 13.7 August 98 2.0 3.7 53.6 21.5 5.1 14.1 September 98 5.0 3.2 57.3 9.9 6.6 18.1 ---------------------------------------------------------------------------------------------------------------------- AVERAGES 2.0% 3.1& 1,9& 54,7% 22.8% 3.40r 12.1$ RPA - Repurchase Agreements SCD - Certificates of Deposit BAC - Bankers Acceptances COM - Commercial Paper - Discount CPI - Commercial Paper - Interest Bearing FAC - Federal Agency Issues - Coupon FAD - Federal Agency Issues - Discount LA1 - Local Agency Investment Funds TRC - Treasury Securities - Coupon TRD - Treasury Securities - Discount MTN - Variable CD's NCB - Negotiable CD's BCD - Certificates of Deposit - Bank MC1 - Medium Term Notes MD1 - Miscellaneous Securities - Discount PA1 - County Funds/ Passbook GN1 - Mortgage Backed Securities OCT-21-1998 09:21 FROM CALIF ST. TREASURER LAIF TO 87143741603 P.02 State of California Pooled Money Investment Account Market Valuation . 9/30/98 Ds�c fi'b 13 -ell I, -mim-1. United States Treasury: Bills $ 2,291,093,290.97 $ 2,353,553,486.11 $ 2 363,111,629.00 NA Notes $ 4,950,423,314.42 S 4 948,580,353.27 $ 5,003,488,950.00 $ 65,039,290.40 Federal A enc : Bonds $ 2,288,846,350.46 $ 2,287,020,140.21 $ 2,298,734,386.35 $ 30,457,577.92 Floaters $ 170,000,000.00 $ 170,000,000.00 $ 169,990 900.00 $ 1,280,089.70 MBS $ 114,311,554.66 $ 114,311,554.66 $ 117,084,546.84 $ 672,613.92 GNMA $ 2,196,851.19 $ 2,196,851.19 $ 2,490,901.35 $ 21.733.56 SBA $ 266,18%190.41 $ 266,063,375.72 $ 267,405,420.45 $ 2,648,317.06 FHLMC PC $ 20 956,073.61 $ 20,956,073.61 $ 22 400,169.70 $ 336,304.20 Discount Notes $ 1.382.916.580.76 $ 1,395,092,186.95 $ 1,395,567,644.10 NA Bankers Acceptances $ 11,721,918,64 $ 11,735,643.66 $ 11,744,416.37 NA Co rate: Bonds $ 917 303,855.97 $ 916,764,671.73 $ 919,287,792.99 $ 10,525,872.06 Floaters $ 824,912,860.69 $ 824.591.097.98 $ 824,373,006.50 $ 4,403,893.22 CDs $ 5,680,480,326.35 $ fi 675,944 507.17 $ 5,678,692,068.59 $ 74,029,396.93 Bank Notes $ 1,630,977,492.87 $ 1,630,977 492.87 $ 1,631,505,701.24 $ 18.100.445.84 Repurchase Nreements NA NA NA NA Time Deposits $ 1,828,390,000.00 $ 1.828.390.000.00 $ 1.828.390 000.00 NA AB 55&GF Loans $ 1 893,731,111.00 $ 1 893 73i 111.00 $ 1,893,731,111.00 NA Commercial P er $ 7,117,549,825.34 $ 7,183,093,300.87 $ 7,185,336,503.22 NA Reverse Re urchase $ 441,235,000.00 $ 441.235.000.00 $ 441,235000.00 $ 1,049,605.32) TOTAL $ 30.950 745,597.34 $ 31,081,766,847.00 1 $ 31.172,100,147,70 $ 212,465,929.49 Fair Value Including Accrued Interest $ 31,384,566,077.19 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost(1.062906312). 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$20,058,126.23, or$20,000,000.00 x 1.002906312. , 40;� F t TOTAL P.02 Daterrime 10/26/98 11:03:57 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 2/2/98 Active 10184 ont nvestment Reports 1998 r 310.20 6/25/97 Active 9266 Monthly Investment Reports 1997 310.20 4/21/97 Active 9091 Quarterly Budget Report 1996/97 i 310.20 1/6/98 Active 10012 Annual Fiscal Year 1997/1998 Investment Policy-Council - Res 97-82- Redevelopment Agency Res No 285 12/15/97 310.20 9/8/97 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 1/14/97 Active 8858 Annual Fiscal Year 1996/1997 Investment Policy-Council Res 96-107-Redevelopment Agency Res 280 12/16/96 Total Records Detailed: 6 s ocl RECEIVED FROM tND MADE A PART THE RECORD AT E COUNCIL MEETING OF _ OFFICE OF THE CITY CLERK CONNIE BROCKWAY,CITY CLERK Treasurer's Report-Shad L Fieldim*k CPA TREASURER'S REPORT t� t to Shari L. Freidenrich, CPA November 2, 1998 Slide 1 Treasurer's Report-Shari L.Freidenrich, CPA First Objective - Safety Investments Percentages By Quality Ratings AAA n% aA 13% Slide 2 Treasurer's Report-Shari L.Freidenrich, CPA Investment Percentages By Type of Investment 1 i � Q Slide 3 3% Treasurer's Report-Shari L.Freidenrich, CPA Investment Balances Trends Annualized Average ally Portfolio Balance (in millions) w $80 $75 . $70 �. $65 $60 Ow $55 ' $50 `� $45 $w^ i V Sep-95 Sep-96 Sep-97 Sep-98 Slide 4 Treasurer's Report-Shari L.Freidenrich, CPA Second"Objective - Liquidity Investment Maturities by Days, Ending Sept 1997/1998 40% ° ®1 Day ■2-180 Days 30-/ 0.5-1 Yr. 10 : � m1 -1.5Yr. 20°h °13°� 15% 1 13°/ ■1.5-2 Yr. ° D2-3Yr. 100/ ■3-4Yr. 0% 12% ¢ 04-5Yr. 5% ° ° Slide 5 1997 1998 NOTE: 1997 TRAN Impact Adjusted Treasurer's Report-Shari L.Freidenrich,CPA General Fund Est. Cash Flow Oct 1998 to Mar 1999 w $10,000,000 10,180,205 $15,221,117 $5,000,000 $417,996 law- $0 ($5,000,000) ($1,527,739) ($10,000,000) ($7,703,798) ($15,000,000) Oct-98 Nov-98 Dec-98 Jan-99 Feb-99 Mar-99 Slide 6 Treasurer's Report-Shari L.Freidenrich,CPA Third Objective - Yield Annual Interest Earnings on Portfolio $4,700,000 $4,600,000 ,300,000 $625°000 $4,100,000 $3,900,000 $3,700,000 f - r $3,500,000 $3.300,000 Sep-95 Sep-96 Sep-97 Sep-98 Slide 7 J Treasurer's Report-Shari L.Freidenrich,CPA Investment Yields Trends 0 LAIF/T-Bill Ave. 09 Actual = LAIF 8.00% - .� 7.00% 6.76% 6.96% 6.96% 6.93% 6.00% - FT7-;-� 6.00% 11 4.00%3.00% 2.00%°1.00h 0.00% Sep-97 Mar-98 Jun-98 Sep-98 Slide 8 Mewsore e_, Council/Agency Meeting Held: 310.10 De rred/Continued to: Approved ❑ Conditionally Approved ❑ Denied bapury City Clerk's Signature Council Meeting Date: October 19, 1998 Department ID Number: CT 98-11 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 AUGUST 1998 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, 1998 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, 1998, 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, 1998 f Monthly Investment Report and Summary of Investments for August, 1998 1 Aw- EAC H _# T City of Huntington Beach Summary of Investment Portfolio Activity for August , 1998 Financial Information: Increase July August (Decrease) End of month City Portfolio Balance $80,391,268 $78,257,796 ($2,133,472) Accrued Interest at Purchase $32,490 $26,810 ($5,680) Interest Earned for Month $413,589 $385,925 ($27,663) Earned Interest Yield Average 5.82% 5.83% 0.01% Average Maturity ( in days) 589 572 -17 End of Month Market Value $80,525,555 $78,685,690 ($1,839,865) End of month bank cash balance $3,104,634 $3,213,237 $108,604 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $385,925 $110,925 Interest Earned Year to Date $3,025,000 $4,134,480 $1,109,480 Earned Interest Yield Year to Date 5.50% 5.93% 0.43% Transaction Summary: Increase July August (Decrease) Number of Securities Purchased 28 20 -8 Number of Securities Matured/Sold 26 22 -4 Summary by Individual Investment: Days Int. August % of Total Policy Limit to Mat. Rate Repurchase Agreements $1,537,000 2% None 1 5.55% Bankers Acceptances $2,925,582 4% 25% 57 5.58% Federal Agy Issues - Coupon $41,979,471 54% None 789 6.12% Local Agency Inv. Fund (LAIF) $16,800,350 21% $40 Million 1 5.65% Medium Term Notes $11,016,640 14% 20% 780 5•99% Treasury Securities $3,998,753 5% None 711 5.88% Total $78,257,796 100% 09/25/1998 CITY OF HUNTINGTON BEACH PM - 1 PORTFOLIO MASTER SUMMARY CITY AUGUST 31, 1998 ACCRUAL AVERAGE ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOR VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT ------------------------------------------------------------------------------------------------------------------------------------ Repurchase Agreements........................$ 1,537,000.00 1.96 1 0 5.475 5.551 Bankers Acceptances..........................$ 2,925,581.94 3.74 166 57 5.507 5.583 Federal Agency Issues - Coupon...............$ 41,979,470.85 53.64 1,132 789 6.032 6.116 Local Agency Investment Funds... .............$ 16,800,350.19 21.47 1 1 5.575 5.652 Treasury Securities - Coupon.................$ 3,998,753.06 5.11 949 711 5.797 5.877 Medium Term Notes............................$ 11,016,640.12 14.08 1,002 780 5.906 5.988 ------------------------------------------------------------------------------ TOTAL INVESTMENTS and AVERAGES.............$ 78,257,796.16 100.008 803 572 5.874% 5.955$ CASH Passbook/Checking Accounts...................$ 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase.................$ 26,810.00 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST.............$ 26,810.00 -------------------------------------------------------- ---- --- TOTAL CASH and INVESTMENTS.................$ 78,284,606.16 MONTH ENDING FISCAL FISCAL TOTAL EARNINGS AUGUST 31 YEAR TO DATE YEAR ENDING Current Year $ 385,925.46 $ 4,134,480.37 AVERAGE DAILY BALANCE $ 77,948,048.59 $ 75,995,777.70 EFFECTIVE RATE OF RETURN 5.83& 5.93& Current Budget $ 275,000.00 $ 3,025,000.00 $ 3,300,000.00 ` I certify that this report accurately reflects all City and Redevelopment Agency I L FRE DENRICH pooled investments and is in conformity with all State laws and the investment CITY TRAkEUAR policy statement filed with the City Council an Dec.. 15, 1997. A copy of this policy is available at the office of the City Clerk. The investment program a herein shown provides sufficient cash flow liquidity to meet the next six DATE month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J. Kenney pricing services. 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H H 0000b W motnlDw000wO000AJ0000D0000b Ala , mww o I W O , w z H H H H H H H H H H H N H H H H H H H H H H UI H N O O O O O O w 0 0 0 0 0 0 0 0 w 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 10 0 0 UI I htJ b H 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o D o 0 0 o I o 0 o w l y b z 0 0 0 0 D 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 10 0 0 W N W by 0000000000000000000000000000000 O 10 0 0 O I I 56y1 0000000000000000000000000000000 D 10 0 0 O I C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 10 0 0 0 0 0 0 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 10 0 0 O , 0000000000000000000000000000000 O 10 0 0 O I , , I , I H H H H H H H H H H N Y H Y H H H H H Y H UI H N H N H H H H N I H I 000000A. 00w 00000 r 0 0 0 0 a 0 a 00000000 to %D bID u1 0 0 0 H H N b H O b O N O 0 0 b O H O 0 0 0 0 0 0 H H 0 0 0 H J , IDOD IDW , N H UI Ut O1 N J b W O b 01 N N W H J N O b N H H O W O O O J O O A o 0 0 A O N W W J W N H W J J W 0 O W J N J W b W J b W O W b O o H W O W b m J U1 m H UI N W O O AP W U1 N O H N W AP AP O H W w l A W H O i C O O O O O O UI 0 0 0 0 0 0 0 0 UI O O O O O O O O O O O O O O O O I O D O O A9rA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 O C O O O O O O O O O O D O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O I 0 0 0 O I N 0\ 0\ 01 N A U1 J UI UI T 0\ 01 VI UI un 0\ 01 0\ Un 0\ 01 UI 0\ UI 0\ UI 11 UI VI UI !n UI N UI I , J O O Y 1D H J 0 W co 0 b O W W J O N N m O Y J N J UI b J W W b W W W AP I H !•j N H H UI H UI N J UI w b 1D O O H U1 UI H O m w N W W W 0 NH O H H 01 b 01 J I W O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 w 0 0 UI O w o 0 O N 0 0 0 0 O O O UI I t UI 0\ 0\ 01 0\ 0\ T J N of 0\ 0\ 01 Vn U1 UI 01 01 01 UI 0\ 01 UI 0\ 0 01 0I 0\ UI W UI UI I UI UI (n VI W O O N W A H O b b W 1D O W b W H W N W H N W W m 0 O J W W 'o N , UI UI UI UI I U1 N b b W O O W J 0 m N b W W b w W O m w 0 0 H H H b w H 0 'oW W , co W J UI I b W W w J W 0 O W H W 0 o H H 0 A H m m Y w AP J w O m w o Y 0 W I N W %0 H , � roro H H 1 O O O H O O 0 0 0 0 0 0 0 H O o 0 0 H o H H O H 0 0 0 0 H O H H H O O i 3 W H H N W W N 01 N m J UI A N W W H H N b Y H b O b W J W H N H O N b 1D I 3 \\\\\\\\\\\\\\\\\\\\\ \\\\\\\\ \\\ \ t C 1•j DYfDIO O H H N O O H N N N N H O H W H N O W Na w O N W H W N O N H O N N H H O , .b H (•� H 3 b AP .P T J N 0\ UI 01 VI W J H O O J N J O AP N A O U7 O J W 01 W N O 0\ A A \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ \\\ \ I H n I O O O O O O b 0 0 0 0 0 0 b O O O O O b b O b 0 b O b O b O O b b b NOI H C O W W N O N b H H O O H N b H O H W N b b O W H W N b N W Y O m co W W I IG , y N UI VI UI UI J A H O b J m b W M1+ b J W w w w 4 W H A W W W m , H I V! W b b J O W 0\ N O N b m 0 A AP H J W W W W H N A N N H O J W H UI , UI N MM J M 0 W W W AM b W W H MA b H W O W b O b A 0 N W W H J I U1 A W 0 H 09/25/1998 CITY OF HUNTINGTON BEACH PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY AUGUST 31, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOR VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT -------------------------------------------------------------------------------------------------------------------------------- FEDERAL AGENCY ISSUES - COUPON 2846 Fed. Nat'l Mort. Assoc. OS/21/98 1,000,000.00 1,000,000.00 1,015,620.00 6.030 6.113 AAA 05/15/03 1,717 2848 Fed, Nat'l Mort. Assoc. 06/05/98 1,000,000.00 1,000,000.00 1,002,500.00 5.800 5.881 AAA 06/07/00 645 2853 Fed. Nat'l Mort. Assoc. 07/21/98 997,051.30 1,000,000.00 1,007,500.00 6.010 6.168 AAA 07/10/03 1,773 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 43,785,213.36 41,979,470.85 42,225,740.00 42,000,000.00 6.116 789 LOCAL AGENCY INVESTMENT FUNDS 982 Laif City 9,018,541.83 9,018,541.83 9,018,541.83 5.652 5.652 NR 1 2206 LAIF-Redevelopment Agency 7,781,808.36 7,781,808.36 7,781,808.36 5.652 5.652 NR 1 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 15,098,737.29 16,800,350.19 16,800,350.19 16,800,350.19 5.652 1 TREASURY SECURITIES - COUPON - 2783 UNITED STATES TREASURY 03/17/97 999,789.81 1,000,000.00 1,040,310.00 6.500 6.507 AAA 08/31/01 1,095 2819 UNITED STATES TREASURY 12/10/97 998,244.41 1,000,000.00 1,015,620.00 5.750 5.837 AAA 10/31/00 791 2843 UNITED STATES TREASURY 04/29/98 1,002,190.27 1,000,000.00 1,008,910.00 5.875 5.680 AAA 11/15/99 440 2854 UNITED STATES TREASURY 07/31/98 998,528.57 1,000,000.00 1,004,060.00 5.375 5.485 AAA 01/31/0D 517 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 3,998,748.86 3,998,753.06 4,068,900.00 4,000,000.00 5.877 711 MEDIUM TERM NOTES 2839 American Int'1 Group (AIG) 03/30/98 1,000,631.52 1,000,000.00 1,004,050.00 5.750 5.795 Aaa 03/27/00 573 2830 Associated Corp. 01/29/98 1,003,099.63 1,000,000.00 1,006,630.00 6.000 5.889 AA3 06/15/00 653 2809 Banc One Corp. 10/14/97 1,003,402.12 1,000,000.00 1,009,660.00 6.250 6.145 AA- 09/01/00 731 2840 General Electric Capital Cc 04/03/98 1,000,642.80 1,000,000.00 1,004,140.00 5.840 5.880 Aaa 03/30/00 576 2841 General Electric Capital Cc 04/06/98 1,000,289.00 1,000,000.00 1,011,220.00 5.920 5.989 Aaa 04/03/01 945 2808 JP Morgan 10/02/97 999,624.50 1,-000,000.00 1,011,870.00 6.125 6.230 AA 10/02/00 762 2851 McDonald's 06/30/98 1,001,656.36 1,000,000.00 1,008,670.00 6.000 6.033 AA2 06/23/02 1,391 2805 Norwest Financial, Inc. 10/01/97 2,006,093.75 2,000,000.00 2,012,900.00 6.375 6.060 AA3 10/01/99 395 2827 Southwestern Bell 01/12/98 995,406.05 1,000,000.00 1,002,750.00 5.730 5.939 AA3 10/21/02 1,511 2838 Travelers Group Inc. 03/27/98 1,005,794.39 1,000,000.00 1,007,880.00 6.125 5.850 Aa3 06/15/00 653 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 11,017,121.99 11,016,640.12 11,079,770.00 11,000,000.00 5.988 780 ---------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. $ 78,257,796.26 78,685,690.19 77,948,048.59 78,337,350.19 5.95516 572 09/25/1998 CITY OF HUNTINGTON BEACH PM - 4 INVESTMENT PORTFOLIO DETAILS - CASH CITY AUGUST 31, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOR VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT --------------------------------------------------------------------------------------------------------------------------------`- Accrued Interest at Purchase 26,810.00 -------------------------------------------------------------------------------- TOTAL CASH $ 26,810.00 TOTAL CASH and INVESTMENTS $ 77,948,048.59 78,284,606.16 09/25/1998 CITY OF HUNTINGTON BEACH PM - 5 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY AUGUST 1, 1998 - AUGUST 31, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- R9PURCHASE AGPEEM04TS 98-218 Union Bank 5.163 08/03/1998 1,921,000.00 98-219 Union Bank 5.038 08/05/1998 632,000.00 08/06/1998 632,000.00 98-220 Union Bank 5.163 08/06/1998 1,325,000.00 08/07/1998 1,325,000.00 98-221 Union Bank 5.038 08/07/1998 1,425,000.00 08/10/1998 1,425,000.00 98-222 Union Bank 5.163 08/10/1998 1,181,000.00 08/11/1998 1,181,000.00 98-223 Union Bank 5.038 08/11/1998 1,627,000.00 08/12/1998 1,627,000.00 98-224 Union Bank 5.100 08/12/1998 1,187,000.00 08/13/1998 1,187,000.00 98-225 Union Bank 5.163 08/13/1998 1,732,000.00 08/14/1998 1,732,000.00 98-226 Union Bank 5,100 08/14/1998 768,000.00 08/17/1998 768,000.00 98-227 Union Bank 5.413 08/17/1998 707,000.00 08/18/1998 707,000.00 98-228 Union Bank 5.163 08/18/1998 1,260,000.00 08/19/1998 1,260,000.00 98-229 Union Bank 5.038 08/19/1998 3,056,000.00 08/20/1998 3,056,000.00 98-230 Union Bank 5.100 08/20/1998 1,019,000.00 08/21/1998 1,019,000.00 98-231 Union Bank 5.038 08/21/1998 1,441,000.00 08/24/1998 1,441,000.00 98-232 Union Bank 5.100 08/24/1998 545,000.00 O8/25/1998 545,000.00 98-233 Union Bank 5.039 08/25/1998 185,000.00 08/26/1998 185,000.00 98-234 Union Bank 5.225 08/26/1998 885,000.00 O8/27/1998 885,000.00 98-235 Union Bank 5.163 08/27/1998 960,000.00 08/28/1998 960,000.00 98-236 Union Bank 5.100 08/28/1998 740,000.00 08/31/1998 740,000.00 98-237 Union Bank 5.475 08/31/1998 1,537,000.00 SUBTOTALS and ENDING BALANCE 22,212,000.00 22,596,000.00 1,537,000.00 09/25/1998 CITY OF HUNTINGTON BEACH PM - 6 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY AUGUST 1, 1998 - AUGUST 31, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- BANKERS ACCEPTANCES 2,925,581.94 FEDERAL AGENCY ISSUES - COUPON 2734 Federal Home Loan Bank -5.180 08/26/2998 2,000,000.00 2797 Fed. Nat'l Mort. Assoc. 6.140 08/07/1998 1,000,000.00 SUBTOTALS and ENDING BALANCE 0.00 3,000,000.00 41,979,470.85 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 2206 LAIF-Redevelopment Agency 5.652 6,250,000.00 5,000,000.00 16,800,350.19 TREASURY SECURITIES - COUPON 3,998,753.06 MEDIUM TERM NOTES 11,016,640.12 ------------------------------------------------------------------------ TOTALS 28,462,000.00 30,596,000.00 78,257,796.16 09/25/1998 PM - 7 CITY OF HUNTINGTON BEACH CITY INVESTMENT ACTIVITY SUMMARY ACCRUAL AUGUST 1997 through AUGUST 1998 YIELD TO MATURITY MANAGED NUMBER OF NUMBER OF AVERAGE MONTH NUMBER OF AVERAGE 360 365 POOL SECURITIES SECURITIES AVERAGE DAYS TO END YEAR SECURITIES BALANCE EQUIV EQUIV RATE PURCHASED MATURE/SOLD TERM MATURITY --------------------------------------------------------------------------------C--y---------------/-------------------- August 97 43 68,518,043.98 5.852 5.933 5.690 /J� �S y((/ 581 378 September 97 41 68,579,209.87 5.884 5.966 5.707 ��J/J� 3A"3 598 376 October 97 40 67,919,648.94 5.924 6.006 5.705 // �1�(J/ 720 476 November 97 42 65,233,959.37 5.927 6.010 5.715 ff 2 Yp �J3 718 479 December 97 47 69,905,976.88 5.917 5.999 5.744 ;-.Q�/Ia �" 697 477 January 98 47 74,810,112.68 5.911 5.993 5.742 �p21P 782 575 February 98 48 74,105,790.79 5.931 6.013 5.720 3// /Q 810 604 March 98 51 73,598,396.03 5.912 5.994 5.680 /� 2� �7z 810 602 April 98 53 80,602,759.04 5.895 5.977 5.672 S�✓iJ�```���, �ii�p�/Q 786 576 May 98 54 83,621,791.26 5.864 5.946 5.673 /4- A1�L / 2/ 773 562 June 98 55 84,455,681.85 5.864 5.945 5.671 ��d 778 563 July 98 56 83,642,844.34 5.856 5.937 5.660 """Yp2� x5/�6 841 589 August 98 54 77,948,048.59 5.874 5.955 5.652 ,L 21 57 7 803 572 ---------------------------------------------------------------------------------------------------- AVERAGES 49 $ 74,848,538.36 5.893& 5.975* 5.695& oC.O 746 525 --------------------------------------------------------------------------------------------------- 09/25/1998 PM - 8 CITY OF HUNTINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE AUGUST 1997 through AUGUST 1998 MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------ END YEAR RPA SCD BAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MC1 MD1 PA1 GN1 ------------------------------------------------------------------------------------------------------------------------------------ August 97 6.1 4.2 5.6 41.8 1.4 31.0 2.8 7.1 September 97 2.7 2.8 5.7 44.5 34.0 2.9 7.3 October 97 4.5 3.0 56.7 20.7 1.5 13.7 November 97 0.2 2.9 1.5 57.7 22.7 1.5 13.5 December 97 1.3 1.3 3.8 55.5 25.0 2.6 10.5 January 98 1.2 4.0 3.9 56.5 22.5 2.7 9.3 February 98 0.2 4.1 4.0 57.6 21.8 2.7 9.6 March 98 1.9 2.6 3.8 57.5 21.1 2.6 10.5 April 98 0.6 2.3 1.2 53.8 26.5 3.6 12.0 May 98 2.1 3.5 1.2 52.1 25.8 3.6 11.9 June 98 1.9 3.4 52.4 25.9 3.5 12.8 July 98 2.4 3.6 56.0 19.3 5.0 13.7 August 98 2.0 3.7 53.6 21.5 5.1 14.1 ---------------------------------------------------------------------------------------------------------------------- AVERAGES 2.1$ 3.2$ 2.48 53.5% 0.1$ 24.5* 3.1$ 11.2% RPA - Repurchase Agreements SCD - Certificates of Deposit BAC - Bankers Acceptances COM - Commercial Paper - Discount CPI - Commercial Paper - Interest Bearing FAC - Federal Agency Issues - Coupon FAD - Federal Agency Issues - Discount LA1 - Local Agency Investment Funds TRC - Treasury Securities - Coupon TRD - Treasury Securities - Discount MTN - Variable CD's NCB - Negotiable CD's BCD - Certificates of Deposit - Bank MC1 - Medium Term Notes MD1 - Miscellaneous Securities - Discount PA1 - County Funds/ Passbook GN1 - Mortgage Backed Securities State of California Pooled Money Investment Account _ Market Valuation 8/31/98 Description Carrying:Cost Plus Accrued Interest Purch. Fair Value Accrued Interest. United States Treasury: Bills $ 2,291,093,290.97 $ 2,348,019,900.20 NA Notes $ 5,223,903,655.58 $ 5,251,605,675.00 $ 49,530,353.08 Federal Agency: Bonds $ 1,921,458,705.22 $ 1,924,444,733.75 $ 22,771,286.99 Floaters $ 170,000,000.00 $ 169,934,900.00 $ 500,725.30 MBS $ 119,461,096.99 $ 121,411,398.63 $ 703,097.82 GNMA $ 2,229,571.74 $ 2,548,823.77 $ 22,076.24 SBA $ 254,533,343.97 $ 255,760,872.88 $ 2,535,394.31 FHLMC PC $ 21,386,752.45 $ 22,870,147.24 $ 343,264.75 Discount Notes $ 754,400,635.01 $ 761,846,832.50 NA Bankers Acceptances NA NA NA Corporate: Bonds $ 1,003,589,872.02 $ 1,004,257,398.60 $ 20,644,705.56 Floaters $ 757,753,898.19 $ 754,393,553.50 $ 5,900,707.20 CDs $ 6,303,687,876.91 $ 6,297,670,337.59 $ 77,250,671.92 Bank Notes $ 1,255,977,492.87 $ 1,255,686,096.89 $ 11,550,779.18 Repurchase Agreements $ 340,000,000.00 $ 340,000,000.00 NA Time Deposits $ 1,763,390,000.00 $ 1,763,390,000.00 NA AB 55 & GF Loans $ 1,999,517,429.00 $ 1,999,517,429.00 NA Commercial Paper $ 6,594,684,749.98 $ 6,665,838,852.43 NA Reverse Repurchase $ 321,670;950.00 $ 321,670,950.00 $ 770,593.91 TOTAL $ 30,455,397,420.90 $ 30,617,526,001.98 $ 190,982,468.44 Fair Value Including Accrued Interest $ 30,808,508,470.42 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: October 19, 1998 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 RDED Administrative Staff Assistant City Administrator Initial City Administrator Initial o City Clerk EXPLANATION FOR RETURN OF ITEM: Only)(Below Space For City Clerk's Use 3 RECEIVED FROM AND MADE E PART COUNCIL OF HE/�ECQ Qo;THE OF 9 �" OFFICE OF THE CITY CLERK CONNIE BROCKWAY,CITY CLINK 00 LL � U W •_ ,1„�i,3y'µ�5:7�•9Y}v� tii�w 9P Kj +;� fti 1�ety�'� ,'n'4'1�!��y v, AW` �+�G;F� .� xcti 4l'� '�h� 1�`� �t GiXa 'C 5,•" ■ � LL y V A! '��eti�Rs`'>.t b R r L'!•' re 9t r wp{�h >y 9a, �. fir�:y t;'``],3` FM �'� "� "*i"f'.zx4� f•'d�'�yla"`t[�. l xc;s.�v,' ■ �/� E. 5. en R,.,�s rLc; r v:''k tr.z•x't AN,yxd,,.•Gf�5.fir co a Q c y w L L r. Treasurer's Report - Shari L. Freidenrich, CPA _~ July 98 Investment Summary Financial Information: July August Inc(Dec) End of month City Portfolio Balance $80,391 ,268 $78,257,796 ($2,133,472) Average Maturity ( in days) 589 572 -17 End of Month Market Value $80,525,555 $78,685,690 ($1 ,839,865) YTD Average Daily Balance $75,796,697 $75,995,778 $199,081 Comparison to Budget: Budget Actual Inc(Dec) Interest Earned for Month $2751000 $385,925 $110,925 Interest Earned Year to Date $3,025,000 $4,134,480 $1 ,109,480 Earned Interest Yield Year to Date 5.50% 5.93% 0.43% Summary.by Individual Investment: Days Int. August ! % of Total Policy Limit to Mat. Rate Repurchase Agreements $1 ,537,000 . 2% None .1 5.55% Bankers Acceptances $2,925,582 4% 25% 57 5.58% Federal Agy Issues - Coupon $41 ,979,471 54% None 789 6.12% Local Agency Inv. Fund (LAIF) $16,800,350 21 % $40 Million 1 5.65% Medium Term Notes $11 ,016,640 14% 20% 780 5.99% Treasury Securities $3,998,753 5% None 711 5.88% Total I $78,257,796 100% t vas Tizautex5 aCA,'u Council/Agency Meeting Held: Deferred/Continued to: U App ov d ❑ nditionally Ap roved ❑ Denied 111,E City Clerk's Signature 6617- Council Meeting Date: September 21, 1998 Department ID Number: CT 98-010 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS z M; c SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer XZco PREPARED BY: SHARI L. FREIDENRICH, City Treasure — o`,�� r-- SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JULY 1998 ti BAR INVESTMENT SUMMARY REPORT -3�� 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, 1998 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, 1998, 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 July, 1998 City of Huntington Beach Summary of Investment Portfolio Activity for July, 1998 Financial Information: Increase June July (Decrease) End of month City Portfolio Balance $85,834,318 $80,391,268 ($5,443,051) Accrued Interest at Purchase $42,291 $32,490 ($9,801) Interest Earned for Month $411,937 $413,589 $1,652 Earned Interest Yield Average 5.93% 5.82% -0.11% Average Maturity ( in days) 563 589 26 End of Month Market Value $86,000,439 $80,525,555 ($5,474,884) End of month bank cash balance $2,268,233 $3,104,634 $836,401 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $413,589 $138,589 Interest Earned Year to Date $2,750,000 $3,748,555 $998,555 Earned Interest Yield Year to Date 5.50% 5.94% 0.44% Transaction Summary: Increase June July (Decrease) Number of Securities Purchased 28 28 0 Number of Securities Matured/Sold 26 26 0 Summary by Individual Investment: Days Int. July % of Total Policy Limit to Mat. Rate Repurchase Agreements $1,921,000 2% None 1 5.23% Bankers Acceptances $2,925,582 4% 25% 88 5.58% Federal Agy Issues - Coupon $44,977,921 56% None 783 6.08% Local Agency Inv. Fund (LAIF) $15,550,350 19% $40 Million 1 5.66% Medium Term Notes $11,017,670 14% 20% 811 5.99% Treasury Securities $3,998,745 5% None 742 5.88% Total $80,391,268 100% 08/28/1998 CITY OF HUNTINGTON BEACH PM - 1 PORTFOLIO MASTER SUMMARY CITY JULY 31, 1998 ACCRUAL AVERAGE ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOR VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT ------------------------------------------------------------------------------------------------------------------------------------ Repurchase Agreements........................$ 1,921,000.00 2.39 3 2 5.163 5.234 Bankers Acceptances..........................$ 2,925,581.94 3.64 166 Be 5.507 5.583 Federal Agency Issues Coupon...............$ 44,977,920.87 55.95 1,162 783. 5.996 6.079 Local Agency Investment Funds................$ 15,550,350.19 19.34 1 1 5.582 5.660 Treasury Securities - Coupon.................$ 3,998,744.39 4.97 949 742 5.797 5.877 Medium Term Notes............................$ 11,017,670.32 13.71 1,002 811 5.906 5.988 ------------------------------------------------------------------------------ TOTAL INVESTMENTS and AVERAGES.............$ 80,391,267.71 100.00& 841 589 5.856& 5.9378 ------------------------------------ ------------- ------ - CASH Passbook/Checking Accounts...................$ 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase.................$ 32,490-.28 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST.............$ 32,490.28 TOTAL CASH and INVESTMENTS.................$ 80,423,757.99 MONTH ENDING FISCAL FISCAL TOTAL EARNINGS JULY 31 YEAR TO DATE YEAR ENDING Current Year $ 413,588.88 $ 3,748,554.91 AVERAGE DAILY BALANCE $ 83,642,844.34 $ 75,796,697.45 EFFECTIVE RATE OF RETURN 5.8214 5.94* Current Budget $ 275,000.00 $ 2,750,000.00 $ 3,300,000.00 I certify that this report accurately reflects all City and Redevelopment Agency SHARe L. FR*fD#1RI CH pooled investments and is in conformity with all State laws and the investment CITY TREASUW policy statement filed with the City Council on Dec. 15, 1997. A copy of this policy is available at the office of the City Clerk. The investment program 0 1 herein shown provides sufficient cash flow liquidity to meet the next six DATE month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J. Kenney pricing services. 08/28/1998 CITY OF HUNTINGTON BEACH PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY JULY 31, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOR VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 98-218 Union Bank 07/31/98 1,921,000.00 1,921,000.00 1,921,000.00 5.163 5.234 08/03/98 2 AVERAGES 926,838.71 BANKERS ACCEPTANCES 2836 Bank of America 03/24/98 974,093.33 1,000,000.00 993,550.00 5.360 5.579 Al+P1 09/14/98 44 2852 Bank of America 07/20/98 977,990.83 1,000,000.00 979,750.00 5.390 5.588 A1+P1 12/14/98 135 2844 Bank of New York 05/01/98 973,497.78 1,000,000.00 987,190.00 5.360 5.582 A1P1 10/26/98 86 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 2,928,295.06 2,925,581.94 2,960,490.00 3,000,000.00 5.583 88 FEDERAL AGENCY ISSUES - COUPON 2813 FEDERAL FARM CREDIT BANK 11/20/97 1,000,239.87 1,000,000.00 1,004,350.00 . 5.910 5.980 AAA 11/20/00 842 2831 FEDERAL FARM CREDIT BANK 02/02/98 1,000,000.00 1,000,000.00 996,090.00 5.810 5.891 AAA 02/02/01 916 2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,999,680.00 5.180 5.180 AAA 08/26/98 25 2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 999,530.00 5.300 5.300 AAA 11/18/98 109 2784 Federal Home Loan Bank 03/26/97 1,000,000.00 1,000,000.00 1,006,560.00 6.715 6.715 AAA 03/26/02 1,333 2798 Federal Home Loan Bank 08/08/97 2,000,000.00 2,000,000.00 2,006,560.00 5.955 6.041 AAA 07/08/99 341 2799 Federal Home Loan Bank 08/27/97 1,000,000.00 1,000,000.00 1,005,940.00 6.500 6.590 AAA 08/27/02 1,487 2804 Federal Home Loan Bank 09/30/97 2,000,000.00 2,000,000.00 2,000,940.00 5.735 5.815 AAA 09/30/98 60 2806 Federal Home Loan Bank 10/15/97 1,000,000.00 1,000,000.00 1,002,500.00 6.230 6.317 AAA 10/15/01 1,171 2807 Federal Hone Loan Bank 10/01/97 5,000,000.00 5,000,000.00 5,002,350.00 5.735 5.814 AAA 09/30/98 60 2922 Federal Home Loan Bank 21/24/97 1,000,000.00 1,000,000.00 1,000,940.00 6.120 6.205 AAA 11/24/00 946 2812 Federal Home Loan Bank 11/07/97 1,000,082.05 1,000,000.00 1,000,780.00 6.035 6.101 AAA 11/05/99 461 2817 Federal Home Loan Bank 12/19/97 1,000,812.99 1,000,000.00 1,001,720.00 5.860 5.858 AAA 09/24/99 419 2820 Federal Home Loan Bank 12/30/97 1,000,000.00 1,000,000.00 1,000,780.00 6.200 6.286 AAA 12/30/02 1,612 2821 Federal Home Loan Bank 01/07/98 1,000,000.00 1,000,000.00 1,001,250.00 6.215 6.301 AAA 01/07/03 1,620 2824 Federal Home Loan Bank 01/22/98 1,000,000.00 1,000,000.00 1,000,470.00 6.050 6.134 AAA O1/22/01 905 2832 Federal Home Loan Bank 02/17/98 1,500,000.00 1,500,000.00 1,495,305.00 5.750 5.830 AAA 08/17/00 747 2947 Federal Home Loan Bank 05/26/98 997,912.70 1,000,000.00 997,340.00 5.910 5.991 AAA 03/30/01 972 2849 Federal Home Loan Bank 06/10/98 1,000,000.00 1,000,000.00 1,000,000.00 5.800 5.881 AAA 12/10/99 496 2850 Federal Hone Loan Bank 06/12/98 1,000,000.00 1,000,000.00 998,120.00 6.000 6.080 AAA 04/01/02 1,339 2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,019,680.00 6.990 6.990 AAA 05/17/01 1,020 2803 Federal Home Loan Mort Corp 08/22/97 997,916.22 1,000,000.00 1,002,190.00 6.090 6.328 AAA 07/28/00 727 2833 Federal Home Loan Mort Corp 03/10/98 999,059.83 1,000,000.00 997,660.00 5.830 5.981 AAA 08/25/00 755 2835 Federal Home Loan Mort Corp 03/18/98 999,393.49 1,000,000.00 996,410.00 5.850 5.968 AAA 02/26/01 940 2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,012,190.00 7.070 7.070 AAA 06/25/01 1,059 2790 Fed. Nat'l Mort. Assoc. 06/25/97 1,497,061.39 1,500,000.00 1,498,590.00 5.720 6.185 AAA 02/16/99 199 2797 Fed. Nat'l Mort. Assoc. 08/08/97 999,958.22 1,000,000.00 1,000,000.00 6.140 6.319 AAA 08/07/00 737 2800 Fed. Nat'l Mort. Assoc. 08/12/97 994,211.52 1,000,000.00 1,012,970.00 6.150 6.408 AAA 08/05/02 1,465 2801 Fed. Nat'l Mort. Assoc. 08/12/97 994,354.51 1,000,000.00 1,004,530.00 5.910 6.307 AAA 08/07/00 737 2818 Fed. Nat'l Mort. Assoc. 12/26/97 1,000,000.00 1,000,000.00 1,002,810.00 6.150 6.235 AAA 12/26/02 1,608 2825 Fed. Nat'l Mort. Assoc. 01/14/98 1,000,000.00 1,000,000.00 994,370.00 6.010 6.093 AAA O1/14/03 1,627 08/28/1998 CITY OF HUNTINGTON BEACH PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY JULY 31, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- FEDERAL AGENCY ISSUES - COUPON 2826 Fed. Nat'l Mort. Assoc. 01/14/98 1,000,000.00 1,000,000.00 994,370.00 6.010 6.093 AAA 01/14/03 1,627 2834 Fed. Nat'l Mort. Assoc. 03/18/98 1,000,000.00 1,000,000.00 998,440.00 5.750 5.829 AAA 03/09/00 586 2846 Fed. Nat'l Mort. Assoc. 05/21/98 1,000,000.00 1,000,000.00 1,000,000.00- 6.030 6.113 AAA 05/15/03 1,748 2848 Fed. Nat'l Mort. Assoc. 06/05/98 1,000,000.00 1,000,000.00 998,590.00 5.800 5.881 AAA 06/07/00 676 2853 Fed. Nat'l Mort. Assoc. 07/21/98 996,919.08 1,000,000.00 994,060.00 6.010 6.168 AAA 07/10/03 1,804 ----------------- -------------- ---------7---- -------------- ------ ------ SUBTOTALS and AVERAGES 45,302,021.05 44,977,920.87 45,048,065.00 45,000,000.00 6.079 783 LOCAL AGENCY INVESTMENT FUNDS 982 Laif City 9,018,541.83 9,018,541.83 9,018,541.93 5.660 5.660 NR 1 2206 LAIF-Redevelopment Agency 6,531,808.36 6,531,808.36 ' 6,531,808.36 5.660 5.660 NR .1 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 20,434,987.04 15,550,350.19 ' - 15,550,350.19 15,550,350.19 5.660 1 TREASURY SECURITIES - COUPON 2783 UNITED STATES TREASURY 03/17/97 999,783.86 1,000,000.00 1,026,410.00 6.500 6.507 AAA 08/31/01 1,126 2819 UNITED STATES TREASURY 12/10/97 998,175.60 1,000,000.00 1,004,840.00 5.750 5.837 AAA 10/31/00 822 2843 UNITED STATES TREASURY 04/29/98 1,002,344.58 1,000,000.00 1,004,370.00 5.875 5.680 AAA 11/15/99 471 2854 UNITED STATES TREASURY 07/31/98 998,440.35 1,000,000.00 998,120.00 5.375 5.485 AAA 01/31/00 548 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 3,032,550.29 3,998,744.39 4,033,740.00 4,000,000.00 5.877 742 MEDIUM TERM NOTES 2839 American Int'1 Group (AIG) 03/30/98 1,000,664.99 1,000,000.00 999,870.00 5.750 5.795 Aaa 03/27/00 604 2830 Associated Corp. 01/29/98 1,003,244.02 1,000,000.00 1,001,050.00 6.000 5.889 AA3 06/15/00 684 2809 Banc One Corp. 10/14/97 1,003,543.88 1,000,000.00 1,003,750.00 6.250 6.145 AA- 09/01/00 762 2840 General Electric Capital Cc 04/03/98 1,000,676.69 1,000,000.00 999,910.00 5.840 5.880 Aaa 03/30/00 '607 2941 General Electric Capital Cc 04/06/99 1,000,299.30 1,000,000.00 2,002,970.00 5.920 5.989 Ass 04/03/01 976 2808 JP Morgan 10/02/97 - 999,609.50 1,000,600.00 1,005,670.00 6.125 6.230 AA 10/02/00 793 2851 McDonald's 06/30/98 1,001,692.58 1,000,000.00 999,690.00. 6.000 6.033 AA2 06/23/02 1,422 2805 Norwest Financial, Inc. 10/01/97 -2,006,562.50 2,000,000.00 2,005,420.00 6.375 6.060 AA3 10/01/99 426 2827 Southwestern Bell 01/12/98 995,313.55 1,000,000.00 989,840.00 5.730 5.939 AA3 10/21/02 1,542 2838 Travelers Group Inc. 03/27/98 1,006,064.31 1,000,000.00 1,003,740.00 6.125 5.850 Aa3 06/15/00 684 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 11,018,152.19 11,017,670.32 11,011,910.00 11,000,000.00 5.988 811 ---------------------=---------------------------------`-----------------------=--------------------- TOTAL INVESTMENTS and AVG. $ 80,391,267.71 80,525,555.19 83,642,844.34 80,471,350.19 5.937& 589 _ 08/28/1998 CITY OF HUNTINGTON BEACH PM - 4 INVESTMENT PORTFOLIO DETAILS - CASH CITY JULY 31, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- Accrued Interest at Purchase 32,490.28 -------------------------------------------------------------------------------- TOTAL CASH $ 32,490.28 TOTAL CASH and INVESTMENTS $ 83,642,844.34 80,423,757.99 08/28/1998 CITY OF HUNTINGTON BEACH PM - 5 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY JULY 1, 1998 - JULY 31, 1999 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATS DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 98-194 Union Bank 5.850 07/01/1998 1,646,000.00 98-195 Union Bank 5.850 07/01/1998 1,723,000.00 07/02/1998 1,723,000.00 98-196 Union Bank 5.163 07/02/1998 186,000.00 07/03/1998 186,000.00 98-197 Union Bank 5.100 07/03/1998 461,000.00 07/06/1998 461,000.00 98-198 Union Bank 5.200 07/06/1998 816,000.00 07/07/1998 816,000.00 98-199 Union Bank 5.038 07/07/1998 706,000.00 07/08/1998 706,000.00 98-200 Union Bank 5.038 07/08/1998 710,000.00 07/09/1998 710,000.00 98-201 Union Bank 5.038 07/09/1998 922,000.00 07/10/1998 922,000.00 98-202 Union Bank 4.975 07/10/1998 1,316,000.00 07/13/1998 1,316,000.00 98-203 Union Bank 5.100 07/13/1998 1,498,000.00 07/14/1998 1,498,000.00 98-204 Union Bank 5.038 07/14/1998 785,000.00 07/15/1998 785,000.00 98-205 Union Bank 5.288 07/15/1998 948,000.00 07/16/1998 948,000.00 98-206 Union Bank 5.163 07/16/1998 194,000.00 07/17/1998 194,000.00 98-207 Union Bank 5.038 07/17/1998 694,000.00 07/20/1998 694,000.00 98-208 Union Bank 5.100 07/20/1998 1,602,000.00 07/21/1998 1,602,000.00 98-210 Union Bank 5.038 07/21/1998 2,026,000.00 07/22/1998 2,026,000.00 98-211 Union Bank 5.038 07/22/1998 684,000.00 07/23/1998 684,000.00 98-212 Union Bank 5.163 07/23/1998 720,000.00 07/24/1998 720,000.00 98-213 Union Bank 5.038 07/24/1998 622,000.00 07/27/1998 622,000.00 98-214 Union Bank 5.225 07/27/1998 716,000.00 07/28/1998 716,000.00 98-215 Union Bank 5.225 07/28/1998 630,000.00 07/29/1998 630,000.00 98-216 Union Bank 5.163 07/29/1998 1,160,000.00 07/30/1998 1,160,000.00 08/28/1998 CITY OF HUNTINGTON BEACH PM - 6 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY JULY 1, 1998 - JULY 31, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- 98-217 Union Bank 5.163 07/30/1998 1,506,000.00 07/31/1998 1,506,000.00 98-218 Union Bank 5.163 07/31/1998 1,921,000.00 SUBTOTALS and ENDING BALANCE 22,546,000.00 22,271,000.00 1,921,000.00 BANKERS ACCEPTANCES 2837 Bank of America 5.410 07/20/1998 982,417.50 2852 Bank of America 5.390 07/20/1998 977,990.83 SUBTOTALS and ENDING BALANCE 977,990.83 982,417.50 2,925,581.94 FEDERAL AGENCY ISSUES - COUPON 2842 Federal Home Loan Mort Corp 6.650 07/31/1998 1,000,000.00 2853 Fed. Nat'l Mort. Assoc. 6.010 07/21/1998 996,875.00 SUBTOTALS and ENDING BALANCE 996,875.00 1,000,000.00 44,977,920.87 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 982 Laif City 5.660 115,829.45 2206 LAIF-Redevelopment Agency 5.660 3,175,331.81 10,000,000.00 SUBTOTALS and ENDING BALANCE 3,291,161.26 10,000,000.00 15,550,350.19 TREASURY SECURITIES - COUPON 2854 UNITED STATES TREASURY 5.375 07/31/1998 998,437.50 3,998,744.39 MEDIUM TERM NOTES 11,017,670.32 ------------------------------------------------------------------------ TOTALS 28,810,464.59 34,253,417.50 80,391,267.71 08/28/1998 PM - 7 CITY OF HUNTINGTON BEACH CITY INVESTMENT ACTIVITY SUMMARY ACCRUAL JULY 1997 through JULY 1998 YIELD TO MATURITY MANAGED NUMBER OF NUMBER OF AVERAGE MONTH NUMBER OF AVERAGE 360 365 POOL SECURITIES SECURITIES AVERAGE DAYS TO END YEAR SECURITIES BALANCE EQUIV EQUIV RATE PURCHASED MATURED/SOLD TERM MATURITY ------------------------------------------------------------------------------------------------------------------- July 97 40 74,774,818.80 5.785 5.866 5.679 ;1,- �,3 475 274 August 97 43 68,518,043.98 5.852 5.933 5.690 Y�9 QY Q 581 378 September 97 41 68,579,209.87 5.884 5.966 5.707 ,a-3 7 /38/3� 598 376 October 97 40 67,919,648.94 5.924 6.006 5.705 o,�7 _$4 720 476 November 97 42 65,233,959.37 5.927 6.010 5.715 �j,�np� 7 718 479 December 97 47 69,905,976.88 5.917 5.999 5.744 ��"' J� 1914 697 477 i January 98 47 74,810,112.68 5,911 5.993 5.742 �� l?k� 782 575 February 98 48 74,105,790.79 5.931 6.013 5.720 �29 810 604 March 98 51 73,598,396.03 5.912 5.994 5.680 "y-U ,2y-,7 810 602 April 98 53 80,602,759.04 5.895 5.977 5.672 j p{�/ z 786 576 May 98 54 83,621,791.26 5.864 5.946 5.673 g/�� pn�.� 773 562 June 98 55 84,455,661.85 5.864 5.945 5.671 7W 778 563 July 98 56 83,642,844.34 5.856 5.937 5.660 �a0 �Y 841 589 ----------------------------------------------------------------------------------------------------- AVERAGES 47 $ 74,600,128.96 5.886$ 5.9689d 5.69794 �32j �J9r 3V 721 502 08/28/1998 PM - 8 CITY OF HUNTINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE JULY 1997 through JULY 1998 MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------ END YEAR RPA SCD BAC COM CPI PAC FAD LA1 TRC TRD MTN NCB BCD MCI MD1 PA1 GN1 ------------------------------------------------------------------------------------------------------------------------------------ July 97 8.0 5.4 8.2 31.3 34.5 2.8 9.8 August 97 6.1 4.2 5.6 41.8 1.4 31.0 2.8 7.1 September 97 2.7 2.9 5.7 44.5 34.0 2.9 7.3 October 97 4.5 3.0 56.7 20.7 1.5 13.7 November 97 0.2 2.9 1.5 57.7 22.7 1.5 13.5 December 97 1.3 1.3 3.8 55.5 25.0 2.6 10.5 January 98 1.2 4.0 3.9 56.5 22.5 2.7 9.3 February 98 0.2 4.1 4.0 57.6 21.8 2.7 9.6 March 98 1.9 2.6 3.8 57.5 21.1 2.6 10.5 April 98 0.6 2.3 1.2 53.8 26.5 3.6 12.0 May 98 2.1 3.5 1.2 52.1 25.8 3.6 11.9 June 98 1.9 3.4 52.4 25.9 3.5 12.8 July 98 2.4 3.6 56.0 19.3 5.0 13.7 --------------------------------------------------------------------------------------------------------------------- AVERAGES 2.5$ 3.3& 3.0$ 51.8$ 0.14 25.5$ 2.9$ 10.98 RPA - Repurchase Agreements SCD - Certificates of Deposit BAC - Bankers Acceptances COM - Commercial Paper - Discount CPI - Commercial Paper - Interest Bearing FAC - Federal Agency Issues - Coupon FAD - Federal Agency Issues - Discount LAI - Local Agency Investment Funds TRC - Treasury Securities - Coupon TRD - Treasury Securities - Discount MTN - Variable CD's NCB - Negotiable CD's BCD - Certificates of Deposit - Bank MCI - Medium Term Notes MD1 - Miscellaneous Securities - Discount PA1 - County Funds/ Passbook GN1 - Mortgage Backed Securities State of California Pooled Money Investment Account Market Valuation 7/31/98 D,escrpt�on =` CarryingCostP use _ �lccrued�l t e Purch.�A �� = F %Vate �� A cc rued�lnterest United States Treasury: Bills $ 2,718,443,915.95 $ 2,775,718,689.80 NA Notes $ 5,525,730,016.99 $ 5,529,175,470.00 $ 58,238,775.57 Federal Agency: Bonds $ 1,623,220,167.74 $ 1,623,235,128.05 $ 22,435,572.82 Floaters $ 170,000,000.00 $ 169,923,000.00 $ 2,110,807.90 MBS $ 123,446,567.19 $ 124,173,992.56 $ 726,899.37 GNMA $ 2,246,506.17 $ 2,563,019.51 $ 22,242.91 SBA $ 245,077,835.49 $ 246,360,139.07 $ 2,443,759.11 FHLMC PC $ 21,991,31.3.17 $ 23,515,250.08 $ 353,175.91 Discount Notes $ 658,866,635.01 $ 662,742,405.00 NA Bankers Acceptances $ 10,799,538.33 $ 10,896,639.17 NA Corporate: Bonds $ 1,040,025,118.81 $ 1,039,536,044.89 $ 18,615,736.01 Floaters $ 722,607,517.98 $ 723,159,780.00 $ 5,475,972.52 CDs $ 5,072,365,890.44 $ 5,065,710,793.95 $ 55,304,381.40 Bank Notes $ - 1,355,977,492.87 $ 1,355,458,980.52 $ 13,913,744.44 Repurchase Agreements NA NA NA Time Deposits $ 1,662,890,000.00 $ 1,662,890,000.00 NA AB 55&OF Loans $ 2,022,823,284.00 $ 2,022,823,284.00 NA . Commercial Paper $ 8,633,049,447.09 $ 8,697,827,761.12 NA Reverse Repurchase $ 97,000,000.00 $ 97,000,000.00 $ 240,937.22 TOTAL $ 31,512,561,247.23 $ 31,638,710,377.72 $ 179,400,130.74 Fair Value Including Accrued Interest $ 31,818,110,508.46 Repurchase Agreements,Time Deposits,.AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). AGOSIVED FROM AND MADE A PART OF THI 'RECORDAT1L MEETING OF- :2 E'w Treasurer's Report - Shari L. Freidenrich, CPA 40UNCI MICE OF THE CITY CLERK WWI RROOKWAY,CITY CLERK TREASURER' S REPORT . .. .. ..... ....... 4' r gJg '�16R. � I "''wiUz+ .........k kg� K r _ eq A.M .S ari L . Freidenrich , CPA . September 21 , 1998 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA Financial Information: l-- _ Jun-98 Jul-98 Inc(Dec) End of month City Portfolio Balance $85,834,318 I $80,391 ,268 ($5,443,051) _ Earned Interest Yield Average _ _ _ _ _5.93% 5.82% -0.11% Average Maturity ( in days) _ j _ — 563 589 26 End of Month Market Value ! $86,000,439 ► $80,525,555 $5,474,884 Comparison to Budget: ! _ _ _; Budget Actual Inc(Dec) Interest Earned for Month $275 000 $413 589 $138 589 $2,750,000 $3,748555 $99 Interest Earned Year to Dated — — r _ -------------------- ----------------------- -------•---------------------------�-- � 8,555 Earned Interest Yield Year to Date ( 5.50% _ 5.94% 0.44% Summary by Individual Investment: — Days Int. July j % of Total ! Policy Limit to Mat. Rate Repurchase Agreements $1 ,921 ,000 ; 2% ! None 1 5.23% Bankers Acceptances j $2,925,582 I-- 4% i 25% 88 5.58% Federal Agy Issues - Coupon $44,9771921 1 56% _ None _ _7_83 6.08% _ Local Agency Inv. Fund (LAIFj $15,550,350 i 19% r $40 Million — 1 5.66% I Medium Term Notes _ _ ; $11,017,670 14% j _ 20% 811 5.99% —To 1 -r eas_ury Securities_ ! $3,998,745 5% ! None ( 742 5.88% Tota — — — $80,391,268 100% I; �f RCA ROUTING SHEET INITIATING CITY TREASURER DEPARTMENT: SUBJECT: Investment Summary Report COUNCIL MEETING DATE: September 21 , 1998 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 D Administrative Staff ( ) Assistant City Administrator(Initial) ( ) ( ) City Administrator(Initial) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: Space • Council/Agency Meeting Held: /D• a2 O Deferred/Continued to: l pprov d ❑ ConditicLpally Ap roved ❑ Denied AWay ftity Clerk's Signature Council Meeting Date: August 3, 1998 Department ID Number: CT 98-008 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City TreasurG!-_-�� PREPARED BY: SHARI L. FREIDENRICH, City Treasurer SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JUNE 1998 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status, Attachment(s) Statement of Issue: Review and accept the monthly investment report for June, 1998 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, 1998, 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, 1998 Monthly Investment Report and Summary of Investments for June, 1998 ATTACHMENT 1 City of Huntington Beach Summary of Investment Portfolio r . Activity for June, 1998 Financial Information: Increase May June (Decrease) End of month City Portfolio Balance $84,415,117 $85,834,318 $1,419,202 Accrued Interest at Purchase $54,458 $42,291 ($12,167) Interest Earned for Month $418,395 $411,937 ($6,459) Earned Interest Yield Average 5.89% 5.93% 0.04% Average Maturity ( in days) 562 563 1 End of Month Market Value $84,568,229 $86,000,439 $1,432,210 End of month bank cash balance $3,043,562 $2,268,233 ($775,329) Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $411,937 $136,937 Interest Earned Year to Date $2,475,000 $3,335,415 $860,415 Earned Interest Yield Year to Date 5.50% 5.95% 0.45% Transaction Summary: Increase May June (Decrease) Number of Securities Purchased 24 28 4 Number of Securities Matured/Sold 23 26 3 Summary by Individual Investment: Days Int. June % of Total Policy Limit to Mat. Rate Repurchase Agreements $1,646,000 2% None 1 5.93% Bankers Acceptances $2,930,009 3% 25% 70 5.58% Federal Agy Issues - Coupon $44,980,036 52% None 806 6.09% Local Agency Inv. Fund (LAIF) $22,259,189 26% $40 Million 1 5.67% Medium Term Notes $11,018,700 13% 20% 842 5.99% Treasury Securities $3,000,384 4% None 837 6.01% Total $85,834,318 100% 07/17/1998 CITY OF HUNTINGTON BEACH PM - 1 PORTFOLIO MASTER SUMMARY CITY JUNE 30, 1998 ACCRUAL AVERAGE . ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOR VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT ------------------------------------------------------------------------------------------------------------------------------------ Repurchase Agreements........................$ 1,646,000.00 1.92 1 0 5.850 5.931 Bankers Acceptances..........................$ 2,930,008.61 3.41 156 70 5.505 5.582 Federal Agency Issues - Coupon...............$ 44,980,036.56 52.40 1,157 806 6.007 6.090 Local Agency Investment Funds................$ 22,259,188.93 25.93 1 1 5.593 5.671 Treasury Securities - Coupon.................$ 3,000,383.60 3.50 1,083 837 5.925 6.006 Medium Term Notes............................$ 11,018,700.54 12.84 1,002 842 5.906 5.988 ------------------------------------------------------------------------------ TOTAL INVESTMENTS and AVERAGES.............$ 85,834,318.24 100.00& 778 563 5.864$ 5.945& ------------------------------------------------------------------------------ CASH Passbook/Checking Accounts...................$ 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase.................$ 42,291.39 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST.............$ 42,291.39 TOTAL CASH and INVESTMENTS.................$ 85,676,609.63 MONTH ENDING FISCAL FISCAL TOTAL EARNINGS JUNE 30 YEAR TO DATE YEAR ENDING Current Year $ 411,936.76 $ 3,335,415.16 AVERAGE DAILY BALANCE $ 84,455,681.85 $ 74,905,743.04 EFFECTIVE RATE OF RETURN 5.93$ 5.951, Current Budget $ 275,000.00 $ 2,475,000.00 $ 3,300,000.00 I certify that this report accurately reflects all City and Redevelopment Agency SHhRf L. PfZEI CH pooled investments and is in conformity with all State laws and the investment CITY T policy statement filed with the City Council on Dec. 15, 1997. A copy of this policy is available at the office of the City Clerk. The investment program Za 9 8 herein shown provides sufficient cash flow liquidity to meet the next six DATE month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J. Kenney pricing services. 07/17/1998 CITY OF HUNTINGTON BEACH PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY JUNE 30, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOR VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 98-194 Union Bank 06/30/99 1,646,000.00 1,646,000.00 1,646,000.00 5.850 5.931 07/01/98 0 AVERAGES 1,094,733.33 BANKERS ACCEPTANCES 2836 Bank of America 03/24/98 974,093.33 1,000,000.00 988,520.00 5.360 5.579 A1+P1 09/14/98 75 2837 Bank of America 03/25/98 982,417.50 1,000,000.00 997,070.00 5.410 5.583 A1+P1 07/20/98 19 2844 Bank of New York 05/01/98 973,497.78 1,000,000.00 982,190.00 5.360 5.582 A1P1 10/26/98 117 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 2,930,006.61 2,930,008.61 2,967,780.00 3,000,000.00 5.582 70 COMMERCIAL PAPER - DISCOUNT AVERAGES 907,573.33 FEDERAL AGENCY ISSUES - COUPON 2813 FEDERAL FARM CREDIT BANK 11/20/97 1,000,248.55 1,000,000.00 1,005,290.00 5.910 5.980 AAA 11/20/00 873 2831 FEDERAL FARM CREDIT BANK 02/02/98 1,000,000.00 1,000,000.00 995,780.00 5.810 5.891 AAA 02/02/01 947 2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,999,060.00 5.180 5.180 AAA 08/26/98 56 2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 999,220.00 5.300 5.300 AAA 11/18/98 140 2784 Federal Home Loan Bank 03/26/97 1,000,000.00 1,000,000.00 1,006,870.00 6.715 6.715 AAA 03/26/02 1,364 2798 Federal Home Loan Bank 08/08/97 2,000,000.00 2,000,000.00 2,007,180.00 5.955 6.041 AAA 07/08/99 372 2799 Federal Home Loan Bank 08/27/97 1,000,000.00 1,000,000.00 1,006,250.00 6.500 6.590 AAA 08/27/02 1,518 2804 Federal Home Loan Bank 09/30/97 2,000,000.00 . 2,000,000.00 2,001,560.00 5.735 5.815 AAA 09/30/96 91 2806 Federal Home Loan Bank 10/15/97 1,000,000.00 1,000,000.00 1,002,810.00 6.230 6.317 AAA 10/15/01 1,202 2807 Federal Home Loan Bank 10/01/97 5,000,000.00 5,000,000.00 5,003,900.00 5.735 5.814 AAA 09/30/98 91 2811 Federal Home Loan Bank 11/24/97 1,000,000.00 1,000,000.00 1,000,940.00 6.120 6.205 AAA 11/24/00 877 2812 Federal Home Loan Bank 11/07/97 1,000,108.24 2,000,000.00 1,000,940.00 6.035 6.101 AAA 11/05/99 492 2817 Federal Home Loan Bank 12/19/97 1,000,872.05 1,000,000.00 1,001,870.00 5.860 5.858 AAA 09/24/99 450 2820 Federal Home Loan Bank 12/30/97 1,000,000.00 1,000,000.00 1,002,030.00 6.200 6.286 AAA 12/30/02 1,643 2821 Federal Home Loan Bank 01/07/98 1,000,000.00 1,000,000.00 1,002,030.00 6.215 6.301 AAA O1/07/03 1,651 2824 Federal Home Loan Bank 01/22/98 1,000,000.00 1,000,000.00 1,000,470.00 6.050 6.134 AAA O1/22/01 936 2832 Federal Home Loan Bank 02/17/98 1,500,000.00 1,500,000.00 1,495,080.00 5.750 5.830 AAA 08/17/00 778 2847 Federal Home Loan Bank 05/26/98 997,649.57 1,000,000.00 997,030.00 5.810 5.991 AAA 03/30/01 1,003 2849 Federal Home Loan Bank 06/10/98 1,000,000.00 1,000,000.00 1,000,000.00 5.800 5.881 AAA 12/10/99 527 2850 Federal Home Loan Bank 06/12/98 1,000,000.00 1,000,000.00 998,280.00 6.000 6.080 AAA 04/01/02 1,370 2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,020,940.00 6.990 6.990 AAA 05/17/01 1,051 2803 Federal Home Loan Mort Corp 08/22/97 997,741.11 1,000,000.00 1,002,500.00 6.090 6.328 AAA 07/28/00 758 2833 Federal Home Loan Mort Corp 03/10/98 998,921.57 1,000,000.00 997,660.00 5.830 5.981 AAA 08/25/00 786 2835 Federal Home Loan Mort Corp 03/18/98 999,304.73 1,000,000.00 996,250.00 5.850 5.968 AAA 02/26/01 971 2842 Federal Home Loan Mort Corp 04/03/98 1,000,619.66 1,000,000.00 1,000,780.00 6.650 6.666 AAA 07/31/02 1,491 2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,012,810.00 7.070 7.070 AAA 06/25/01 1,090 2790 Fed. Nat'l Mort. Assoc. 06/25/97 1,496,609.30 1,500,000.00 1,498,590.00 5.720 6.185 AAA 02/16/99 230 2797 Fed. Nat'l Mort. Assoc. 08/08/97 999,749.30 1,000,000.00 1,000,620.00 6,140 6.319 AAA 08/07/00 768 07/17/1998 CITY OF HUNTINGTON BEACH PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY JUNE 30, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOR VALUE FACE VALUE MART= VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- FEDERAL AGENCY ISSUES - COUPON 2800 Fed. Nat'l Mort. Assoc. 08/12/97 994,091.26 1,000,000.00 1,015,780.00 6.150 6.408 AAA 08/05/02 1,49,6 2801 Fed. Nat'l Mort. Assoc. 08/12/97 994,121.22 1,000,000.00 1,004,370.00 5.910 6.307 AAA 08/07/00 768 2818 Fed. Nat'l Mort. Assoc. 12/26/97 1,000,000.00 1,000,000.00 1,004,060.00 6.150 6.235 AAA 12/26/02 1,639 2825 Fed. Nat'l Mort. Assoc. 01/14/98 1,000,000.00 1,000,000.00 995,310.00 6.010 6.093 AAA O1/14/03 1,658 2826 Fed. Nat'l Mort. Assoc. 01/14/98 1,000,000.00 2,000,000.00 995,310.00 6.010 6.093 AAA 01/14/03 1,658 2834 Fed. Nat'l Mort. Assoc. 03/18/98 1,000,000.00 1,000,000.00 998,120.00 5.750 5.829 AAA 03/09/00 617 2846 Fed. Nat'l Mort. Assoc. 05/21/98 1,000,000.00 1,000,000.00 1,001,560.00 6.030 6.113 AAA 05/15/03 1,779 2048 Fed. Nat'l Mort. Assoc. 06/05/98 1,000,000.00 1,000,000.00 998,590.00 5.600 5.881 AAA 06/07/00 707 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 44,712,913.69 44,980,036.56 45,069,840.00 45,000,000.00 6.090 806 LOCAL AGENCY INVESTMENT FUNDS 982 Lai£ City 8,902,712.38 8,902,712.38 8,902,712.38 5.671 5.671 NR 1 2206 LAIF-Redevelopment Agency 13,356,476.55 13,356,476.55 13,356,476.55 5.671 5.671 NR 1 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 21,759,188.93 22,259,188.93 22,259,188.93 22,259,188.93 5.671 1 TREASURY SECURITIES - COUPON 2783 UNITED STATES TREASURY 03/17/97 999,777.91 1,000,000.00 1,027,190.00 6.500 6.507 AAA 08/31/01 1,157 2819 UNITED STATES TREASURY 12/10/97 999,106.80 1,000,000.00 1,004,690.00 5.750 5.837 AAA 10/31/00 853 2843 UNITED STATES TREASURY 04/29/98 1,002,498.89 1,000,000.00 1,004,530.00 5.875 5.680 AAA 11/15/99 502 ----------------- --------'------ -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 3,000,420.82 3,000,383.60 3,036,410.00 3,000,000.00 6.008 837 MEDIUM TERM NOTES .2839 American Intl Group (AIG) 03/30/98 1,000,698.47 1,000,000.00 1,000,660.00 5.750 5.795 Aaa 03/27/00 635 2830 Associated Corp. 01/29/98 1,003,388.41 1,000,000.00 1,001,100.00 6.000 5.889 AA3 06/15/00 715 2809 Banc One Corp. 10/14/97 1,003,685.63 1,000,000.00 1,003,680.00 6.250 6.145 AA 09/01/00 793 2840 General Electric Capital Cc 04/03/98 1,000,710.59 1,000,000.00 1,000,690.00 5.840 5.880 Aaa 03/30/00 638 2841 General Electric Capital Co 04/06/99 1,000,307.60 1,000,000.00 2,002,830.00 5.920 5.999 Aaa 04/03/01 1,007 2808 LP Morgan 10/02/97 999,594.50 1,000,000.00 1,006,010.00 6.125 6.230 AA 10/02/00 824 2851 McDonald's 06/30/98 1,001,728.79 1,000,000.00 1,000,570.00 6.000 6.033 AA2 06/23/02 1,453 2805 Norwest Financial, Inc. 10/01/97 2,007,031.25 2,000,000.00 2,010,440.00 6.375 6.060 AA3 10/01/99 457 2827 Southwestern Bell 01/12/98 995,221.06 1,000,000.00 991,340.00 5.730 5.939 AA3 10/21/02 1,573 2838 Travelers Group Inc. 03/27/98 1,006,334.24 1,000,000.00 1,003,900.00 6.125 5.850 Aa3 06/15/00 715 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 10,050,843.13 11,018,700.54 11,021,220.00 11,000,000.00 5.988 842 ----------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. $ 85,834,318.24 86,000,438.93 84,455,681.85 85,905,188.93 5.9451k 563 07/17/1998 CITY OF HUNTINGTON BEACH PM - 4 INVESTMENT PORTFOLIO DETAILS - CASH CITY JUNE 30, 1998 ACCRUAL INVESTME T AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- Accrued interest at Purchase 42,291.39 -------------------------------------------------------------------------------- TOTAL CASH $ 42,291.39 TOTAL CASH and INVESTMENTS $ 84,455,681.85 85,876,609.63 03/23/1998 PM - 7 CITY OF HUNTINGTON BEACH CITY INVESTMENT ACTIVITY SUMMARY ACCRUAL FEBRUARY 1997 through FEBRUARY 1998 YIELD TO MATURITY MANAGED NUMBER OF NUMBER OF AVERAGE MONTH NUMBER OF TOTAL 360 365 POOL SECURITIES SECURITIES AVERAGE DAYS TO END YEAR SECURITIES INVESTED EQUIV EQUIV RATE PURCHASED MATURED/SOLD TERM MATURITY ------------------------------------------------------------------------------------------------------------------- February 97 31 66,864,621.68 54765 5.845,g 5.575 """��/� l 19 548 375 March 97 35 67,893,588.14 5.848 5.930 5.580 y p�Y/ 22 619 432 F.pr4l 97 36 75,564,297.01 5.823 5.904 5.612 /3/�F� 23 558 377 May 97 34 77,278,683.01 5.788 5.869 5.634 �a� 23 516 334 June 97 39 78,912,795.59 5.911 5.891 5.667 24 500 316 July 97 40 71,857,379.73 5.785 5.866 5.679 �3 475 274 August 97 43 70,428,506.38 5.852 5.933 5.690 Xq ! 4Y/7� 581 378 September 97 41 68,504,258.44 5.884 5.966 5.707 _ �j3.8/1VVV� 598 376 October 97 40 66,043,518.07 5.924 6.006 5.705 �s'�/ / �3� 720 476 November 97 42 66,711,043.81 5.927 6.010 5.715 718 479 December 97 47 76,547,658.08 5,917 5.9990 5.744 �2� 697 477 January 98 47 75,153,925.30 5.911 5.993 5.742 _3$/Z5- 782 575 February 98 48 72,910,148.38 5.934 6.016 5.720 y7�/Y 810 604 --------------------------------------------------------------------------------------------------- AVERAGES 40 $ 71,897,724.89 5.859% 5.941% 5.675% ��/ I78��q 625 421 .. A 04/06/199-Q PM - 8 CITY OF HUNTINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE FEBRUARY 1997 through FEBRUARY 1998 MONTH ----------------------------------- TYPES OF INVESTMENTS ------------------------------------------------ END YEAR RPA SCD BAC COM CPI FAC FAD LA! TRC TRD MTN NCB BCD MCI MD1 PA1 GN1 ------------------------------------------------------------------------------------------------------------------------------------ February 97 8.2 4.4 4.4 34.4 38.2 1.5 9.0 March 97 3.7 4.3 4.3 38.3 37.6 1.5 10.4 April 97 7.7 3.9 3.9 34.4 38.2 2.7 9.3 A May 97 9.7 3.8 2.5 31.0 41.3. 2.6 9.1 June 97 8.5 3.7 7.5 32.3 36.6 2.5 8.9 July 97 8.0 5.4 8.2 31.3 34.5 2.8 9.8 August 97 6.1 4.2' 5.6 41.8 1.4 31.0 2.8 7.1 September 97 2.7 2.8 5.7 44.5 34.'0 2.9 7.3 October 97 4.5 3.0 56.7 20.7 1.5 13.7 November 97 0.2 2.9 1.5 57.7 22.7 1.5 13.5 December 97 1.3 1.3 3.8 55.5 25.0 2.6 10.5 January 98 1.2 4.0 3.9 56.5 22.5 2.7 9.3 February 98 0.2 4.1 4.0 57.6 21.8 2.7 9.6 ---------------------------------------------------------------------------------------------------------------------- A AVERAGES 4.8% 3.7% 4.3% 44.0% 0.1% 31.1% 2.2% 0.1% 9.8% RPA - Repurchase Agreements SCD - Certificates of Deposit BAC - Bankers Acceptances COM - Commercial Paper - Discount CPI - Commercial Paper - Interest Bearing FAC - Federal Agency Issues - Coupon FAD - Federal Agency Issues - Discount LAI - Local Agency Investment Funds TRC - Treasury Securities - Coupon TRD - Treasury Securities - Discount MTN - Variable CD's NCB - Negotiable CD's BCD - Certificates of Deposit - Bank MCI - Medium Term Notes M:D1 - Miscellaneous Securities - Discount PA! - County Funds/ Passbook GN1 - Mortgage Backed Securities A MAR-23-1998 13:03 FROM, ')LIF ST. TREASURER LAIF TO 87143741603 P.02 { State of California' Pooled Money Investment- Adcount Market Valuation .o 2i2sr9,s United States Treasu Bills $ 2,563,542,117.81 $ i 2:601,988,888;80 NA Strips $ 73,184,450.00 $ 93,984,75000 NA Notes $ 5,134,844,231.06 $ ; 51:1,38,$25,840:00 '$ 43,963,563,72 Federal Agency: { Bonds j $ 1,593,911,758.03 $ 1;593,264,3041.70 :$ .19,672,222.92 Floaters $ 265,000,000.00 $ j 264, 72,:450 00 . $ 1,791,862.40 MBS 1 $ 141,232,317.66 $ i .141, 1;9,278.fl0 .$ 833,462.73 GNMA ; $ 2,497,152.33 $ i 2,. 96.066,60 '.$ 24,606.3.1 SBA i $ 229,127,242.68 $ i 230, 5{7.445 21: '.$ 2,291,902.97 FHLMC PC i. $ 24,309,320.98 $ 1 26,011,922C89 $ 300,311.89 Discount Notes 1 $ 1,106,132,496.34 $ 1125,519,952 50 NA Bankers Acceptances ; $ 329,100,821.85 $ $29,227,786.29 NA Corporate: i Bonds $ 945,153,839.97 $ ! 944,. 4;6,98400 1 20,347,967.33 Floaters i $ 530,157,560.87 $ 529; 1:9,21500 $ 4,280,418.71 CDs 1 $ 6,463,216,592.45 $ i 6;457,190,444 37 : $ 57,728,313.87 Bank Notes $ 1,075,000,000.00 $ i 1,074,636,389a,75 . $ 12,119,722.24 Repurchase Agreements $ - $ i 1 - NA Time Deposits ; $ 1,222,295,000.00 $ 1,222,295,000.00 NA AS 55 &GF Loans ! $ 1,346,448,930.00 $ 1;346,448,9W00 NA Commercial Paper 1 $ 7,221,958,046.25 $ 71230,6l 0,784..07 NA Reverse Repurchase $ 245,700,000.00 $ 245,700,00040 $1,729,296.25 TOTAL 1 $ 30,020,411,877.28 $ 130,1.08,322,432;18 $ 161,706,048.85 Estimated Market Value Including Accrued Interest $ 30;270,427,481'.03 . Repurchase Agreements,Time Deposits,AB 55&General Fund loaMs, aM Reverse Repurchase agreements are carried at portfolio book value �canying cost). Certficates of Deposit(lCDs), Bank Notes(BN9),and Commercial Piper:(CP.' less than 90 days are carried at portfolio book value (carrying cost). Inter nt)accnled . from the date.of purchase on CDs and BNs under 90 days is not indlided:' _i Monthly Investment Report and Summary of Investments for March 1998 City of Huntington Beach Summary of Investment Portfolio Activity for March, 1998 Financial Information: Increase February March (Decrease) End of month City Portfolio Balance $72,910,148 $76,472,782 $3,562,634 Accrued Interest at Purchase $43,630 $48,046 $4,416 Interest Earned for Month $354,312 $368,775 $14,463 Earned Interest Yield Average 6.23% 5.90% -0.33% Average Maturity ( in days) 604 602 -2 End of Month Market Value $73,099,229 $76,602,154 $3,502,925 End of month bank cash balance $2,135,334 $2,630,507 $495,173 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $368,775 $93,775 Interest Earned Year to Date $1,650,000 $2,108,606 $458,606 Earned Interest Yield Year to Date 5.50% 5.96% 0.46% Transaction Summary: Increase February March (Decrease) Number of Securities Purchased 19 31 12 Number of Securities Matured/Sold 18 29 11 Summary by Individual Investment: Days Int. March % of Total Policy Limit to Mat. Rate Repurchase Agreements $1,454,000 2% None 1 5.68% Bankers Acceptances $1,956,511 3% 25% 138 5.58% Commercial Paper- Discount $2,933,355 4% 15% 39 5.78% Federal Agy Issues - Coupon $43,975,431 57% None 831 6.14% Local Agency Inv. Fund (LAIF) $16,137,014 21% $40 Million 1 5.68% Medium Term Notes $8,018,806 10% 20% 861 6.00% Treasury Securities $1,997,665 3% None 1096 6.17% Total $76,472,782 100% 04/15/1998 CITY OF HUNTINGTON BEACH PM - 1 PORTFOLIO MASTER SUMMARY CITY MARCH 31, 1998 ACCRUAL AVERAGE ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT ------------------------------------------------------------------------------------------------------------------------------------ Repurchase Agreements... .....................$ 1,454,000.00 1.90 1 0 5.600 5.678 Bankers Acceptances....................... ...$ 1,956,510.83 2.56 145 138 5.505 5.581 Commercial Paper - Discount. . ............. ...$ 2,933,355.28 3.84 144 39 5.697 5.776 Federal Agency Issues - Coupon. . . ......... ...$ 43,975,431.35 57.50 1,155 831 6.060 6.144 Local Agency Investment Funds. . .. ........... .$ 16,137,013.79 21.10 1 1 5.602 5.680 Treasury Securities - Coupon.. ...............$ 1,997,665.27 2.61 1,342 1,096 6.083 6.172 Medium Term Notes... . . . . . ....................$ 8,018,805.95 10.49 969 861 5.914 5.996 -------------—------------------------------------------------------------- TOTAL INVESTMENTS and AVERAGES. .. . ..... . . . .$ 76,472,782.47 100.00% 810 602 5.912% 5.994% ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ CASH Passbook/Checking Accounts..... . .. . . . . . . .....$ 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase.................$ 48,045.82 ---------------------------------------------------------------------------- TOTAL CASH and PURC:;ASE INTEREST. . . . . . . . . . . ..$ 48,045.32 ------------------------------------------------------------------------------ TOTAL CASH and INVESTMENTS... . .. ...........$ 76,520,828.29 MONTH ENDING FISCAL FISCAL TOTAL EARNINGS MARCH 31 YEAR TO DATE YEAR ENDING Current Year $ 368,774.89 $ 2,108,605.90 AVERAGE DAILY BALANCE $ 73,598,396.03 $ 70,907,907.11 E=CTIVE RATE OF RETURN 5.90% 5.96% Current Budget $ 275,000.00 $ 1,650,000.00 $ 3,300,000.00 Z certify that this report accurately reflects all City and Redevelopment Agency FRFtDtNRICH pooled investments and is in conformity with all State laws and the investment CITY TR S ER policy statement filed with the City Council on Dec. 15, 1997. A copy of this policy is available at the office of the City Clerk. The investment program herein shown provides su`ficiert cash flow licuid-ity to meet the next six DATc month's obligations. Market Values provided by Union Bank via Merrill Lynch and J.J. Kenney pricing services. 04/15/1998 CITY OF HUNTINGTON BEACH PM - 2 INVESTMENT. PORTFOLIOODETAILS - INVESTMENTS CITY MARCH 31', 1998 ACCRUAL iNVES'=MENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 98-133 Union Bank 03/31/98 1,454,000.00 1,454,000.00 1,454,000.00 5.600 5.678 04/01/98 0 AVERAGES 1,116,806.45 BANKERS ACCEPTANCES 2836 Bank of America 03/24/98 974,093.33 1,000,000.00 974,820.00 5.360 5.579 Al+Pl 09/14/98 166 2E37 Bank of America 03/25/98 982,417.50 1,000,000.00 983,230.00 5.410 5.583 A1+P1 07/20/98 110 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 2,360,591.14 1,956,510.83 1,958,050.00 2,000,000.00 5.581 138 COMMERCIAL PAPER - DISCOUNT 2823 Minn. Mng & Mfg (3M) 12/31/97 982,456.67 1,000,000.00 996,460.00 5.540 5.717 Al+P1 04/24/98 23 2822 General Electric 12/31/97 972,400.00 1,000,000.00 999,190.00 5.520 5.756 AAA 06/29/98 89 2815 SIGMA FINANCIAL CORP 11/20/97 978,498.61 1,000,000.00 999,220.00 5.650 5.854 Al+P1 04/06/98 5 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 2,933,355.28 2,933,355.28 2,994,870.00 3,000,000.00 5.776 39 • FEDERAL AGENCY ISSUES - COUPON - 2813 FEDERAL FARM CREDIT BANK 11/20/97 1,000,274.59 1,000,000.00 1,002,190.00 5.910 5.980 AAA 11/20/00 964 2831 FEDERAL FARM CREDIT BANK 02/02/98 1,000,000.00 1,000,000.00 993,590.00 5.810 5.891 AAA 02/02/01 1,038 2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,997,500.00 5.180 5.180 AAA O8/26/98 147 2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 997,970.00 5.300 5.300 AAA 11/18/98 231 2784 Federal Home Loan Bank 03/26/97 1,000,000.00 1,000,000.00 1,007,340.00 6.715 6.715 AAA 03/26/02 1,455 2798 Federal Home Loan Bank 08/08/97 2,000,000.00 2,000,000.00 2,005,940.00 5.955 6.041 AAA 07/08/99 463 2799 . Federal Home Loan Bank 08/27/97 1,000,000.00 1,000,000.00 1,005,310.00 6.500 6.590 AAA O8/27/02 1,609 2804 Federal Home Loan Bank 09/30/97 2,000,000.00 2,000,000,00 2,001,240.00 5.735 5.815 AAA 09/30/98 182 2806 Federal r;ome Loan Bank 10/15/97 1,000,000.00 1,000,000.00 1,001,250.00 6.230 6.317 AAA 10/15/01 1,293 2807 Federal Home Loan Bank 10/01/97 5,000,000.00 5,000,000.00 5,003,100.00 5.735 5.914 AAA 09/30/96 182 2811 Federal Home Loan Bank 11/24/97 1,000,000.00 1,000,000.00 1,000,000.00 6.120 6.205 AAA 11/24/00 968 2812 Federal Home Loan Bank 11/07/97 1,000,186.80 1,000,000.00 1,000,940.00 6.035 6.101 AAA 11/05/99 583 2814 Federal Home Loan Bank 11/26/97 1,000,000.00 1,000,000.00 999,060.00 5.945 6.028 AAA 05/26/99 420 2817 Federal Home Loan Bank 12/19/97 1,001,049.21 1,000,000.00 1,000,780.00 5.860 5.858 AAA 09/24/99 541 2820 Federal Home Loan Bank 12/30/97 1,000,000.00 1,000,000.00 998,750.00 6.200 6.286 AAA 12/30/02 1,734 2821 Federal Home Loan Bank 01/07/98 1,000,000.00 1,000,000.00 999,060.00 6.215 6.301 AAA O1/07/03 1,742 2824 Federal Home Loan Bank 01/22/98 1,000,000.00 1;000,000.00 998,910.00 6.050 6.134 AAA O1/22/01 1,027 2832 Federal Home Loan Bank 02/17/98 1,500,000.00 1,500,000.00 1,492,500.00 5.750 5.830 AAA O8/17/00 869 2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,024,060.00 6.990 6.990 AAA 05/17/01 1,142 2803 Federal Home Loan Mort Corp 08/22/97 997,215.79 1,000,000.00 1,001,870.00 6.090 6.32E AAA 07/28/00 E;9 2833 Federal Home Loan Mort Corp 03/10/98 998,473.60 1,000,000.00 996,090.00 5.330 5.981 AAA 08/25/00 677 2835 Federal Home Loan Mort Corp 03/18/98 999,038.46 1,000,000.00 994,220.00 5.850 5.96E AAA 02/26/01 1,062 2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,997,665.48 2,000,000.00 2,001,880.00 6.850 6.912 AAA OS/26/00 786 2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 1,002,190.00 6.870 6.965 AAA 06/01/01 1,157 04/15/1998 CITY OF HUNTINGTON BEACH PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY MARCH 31, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- FEDERAL AGENCY ISSUES - COUPON 2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,014,840.00 7.070 7.070 AAA 06/25/01 1,181 2790 Fed. Nat'l Mort. Assoc. 06/25/97 1,495,253.01 1,500,000.00 1,493,910.00 5.720 6.185 AAA 02/16/99 321 2797 Fed. Nat'l Mort. Assoc. 08/08/97 999,122.56 1,000,000.00 1,000,310.00 6.140 6.319 AAA 08/07/00 859 2800 Fed. Nat'l Mort. Assoc. 08/12/97 993,730.48 1,000,000.00 1,010,620.00 6.150 6.408 AAA 08/05/02 1,587 2801 Fed. Nat'l Mort. Assoc. 08/12/97 - 993,421.370 1,000,000.00 1,002,970.00 5.910 6.307 AAA O8/07/00 859 2818 Fed. Nat'l Mort. Assoc. 12/26/97 1,000,000.00 1,000,000.00 999,370.00 6.150 6.235 AAA 12/26/02 1,730 2825 Fed. Nat'l Mort. Assoc. 01/14/98 1,000,000.00 1,000,000.00 991,410.00 6.010 6.093 AAA O1/14/03 1,749 2826 Fed. Nat'l Mort. Assoc. 01/14/98 1,000,000.00 1,000,000.00 991,410.00 6.010 6.093 AAA O1/14/03 1,749 2-34 Fed. Naz'1 Mort. Assoc. 03/18/98 1,000,000.00 1,000,000.00 997,030.00 5.750 5.829 AAA 03/09/00 706 2816 Sallie h;ae 12/17/97 1,000,000.00 1,000,000.00 999,370.00 6.000 6.083 PAP. 06/17/99 442 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 43,427,429.68 43,975,431.35 44,026,980.00 44,000,000.00 6.144 831 LOCAL AGENCY INVESTMENT FUNDS 982 Laif City 7,793,427.69 7,793,427.69 7,793,427.69 5.680 5.680 NR 1 2206 LAIF-Redevelopment Agency 8,343,586.10 8,343,586.10 8,343,586.10 5.680 5.680 NR 1 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 14,782,175.08 16,137,013.79 16,137,013.79 16,137,013.79 5.680 _ TR7-ASLIRY SECU2rITIES - COUPON 2783 UNITED STATES TREASURY 03/17/97 999,760.44 1;000,000.00 1,025,620.00 6.500 6.507 AAA 08/31/01 1,248 2619 UNITED STATES TREASURY 12/10/97 997,904.83 1:000,000.00 1,002,970.00 5.750 5.837 AAA 10/31/00 944 ----------------- -------------- -----------=-- -------------- ------ ------ SUBTOTALS and AVERAGES 1,997,629.10 1,997,665.27 2,028,590.00 2,000,000.00 6.172 1,096 MEDIUM TERM NOTES 2839 American Int11 Group (AIG) 03/30/98 1,000,798.88 1,000,000.00 998,400.00 5.750 5.795 Aaa 03/27/00 726 2830 Associated Corp. 01/29/98 1,003,821.59 1,000,000.00 1,000,550.00 6.000 5.889 AA3 06/15/00 806 28 9 Banc One Coro. 10/14/97 1,004,110.90• 1,000,000.00 1,002,940.00 6.250 6.145 AA- 09/01/00 684 2808 JP Morgan 10/02/97 999,549.50 1,000,000.00 1,003,080.00 6.125 6.23C AA 10/02/00 915 2805 Norwest Financial, Inc. 10/01/97 2,008,437.50 2,000,000.00 2,011,120.00 6.375 6.060 AA3 10/01/99 548 2827 Southwestern Bell 01/12/98 994,943.57 1,000,000.00 985,310.00 5.730 5.939 AA3 10/21/02 1,664 2838 Travelers Group Inc. 03/27/98 1,007,144.01 1,000,000.00 1,001,250.00 6.125 5.850 Aa3 06/15/00 806 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 6,980,409.30 8,018,805.95 8,002,650.00 8,000,000.00 5.996 861 ----------------------------------------------------------------------------------------------------- TOT-L INVESTMENTS and AVG. $ 76,472,782.47 76,602,153.79 73,598,396.03 76,591,013.79 5.994% 602 04/15/1998 CITY OF HUNWNGTON BEACH PM - 4 INVESTMENT PORTFOLIO DETAILS - CASH CITY MARCH 31, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- Accrued interest at Purchase 48,045.82 ------------------------------------------------------------------------------ TOTAL CASH $ 48,045.82 TOTAL CASH and INVESTMENTS $ 73,598,396.03 76,520,828.29 ---------------------------------------------------------------------------------------=----------------- --------------------------------------------------------------------------------------------------------- A CITY OF HUNTINGTON BEACH PM - 5 RTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CTTY MARCH 1, 1998 - MARCH 31, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES -YPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- ??PURCHASE AGREEMENTS 98-110 Union Bark 5.225 03/02/1998 128,000.00 58-111 Union Bank 5.350 03/02/1998 1,883,000.00 A3/03/1998 1,883,000.00 98-112 Union Bank 5.225 03/03/1998 839,000.00 03/04/1998 839,000.00 98-113 Union Bank 5.038 03/04/1998 1,051,000.00 03/05/1998 1,051,000.00 98-114 Union Bank 5.038 03/05/1998 1,269,000.00 03/06/1998 1,269,000.00 98-115 Union Bank 4.975 03/06/1998 1,613,000.00 03/09/1998 1,613,000.00 9E-115 :in=on Sank 5.100 03/09/1998 i,5i8,000.00 03/10/1998 1,518,000.00 98-117 71nicn Batik 5.038 03/10/1998 813,000.00 03/11/1998 813,000.00 98-118 Union Bank 5.100 03/11/1998 916,000.00 03/12/1998 916,000.00 98-119 Union Bank 5.100 03/12/1998 1,463,000.00 03/13/1998 1,463,000.00 98-120 Union Bank 5.038 03/13/1998 356,000.00 03/16/1998 356,000.00 98-121 Union Bank 5.288 03/16/1998 1,324,000.00 .03/17/1998 1,324,000.00 99-123 Union Bank 5.100 03/17/1998 252,000.00 03/18/1998 252,OOC.00 98-124 Union Bank 5.038 03/18/1998 417,000.00 03/19/1998 417,000.00 98-125 Union Bank 4.975 03/19/1998 917,000..00 03/20/1998 917,000.00 98-126 Union Bank 4.913 b3/20/1998 958,000.00 03/23/1998 958,000.00 98-127 Union Bank 5.038 03/23/1998 1,534,000.00 03/24/1998 1,534,000.00 98-129 n_on Back 5.225 03/25/1998 343,000.00 03/26/1998 343,000.00 58-129 Back 5.225 03/26/1998 2,361,000.00 03/27/1998 2,361,000.00 98-130 Union Bank 4.975 03/24/1998 1,395,000.00 03/25/1998 1,395,000.00 98-131 Union Bank 5.100 03/27/1998 1,637,000.00 03/30/1998 1,637,000.00 98-132 Union Bank 5.288 03/30/1998 1,052,000.00 03/31/1998 1,052,000.00 04/15/1998 CITY OF HUNfINGTON BEACH PM - 6 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY MARCH 1, 1998 - MARCH 31, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- 98-133 Union Bank 5.600 03/31/1998 1,454,000.00 SUBTOTALS and ENDING BALANCE 25,365,000.00 24,039,000.00 1,454,000.00 BANKERS ACCEPTANCES 2836 Bank of America 5.360 03/24/1998 974,093.33 2837 Bank of America 5.410 03/25/1998 982,417.50 2829 Bank of New York 5.420 03/23/1998 1,983,137.78 2828 First National Bank of Chicago 5.350 03/16/1998 991,975.00 SUBTOTALS and ENDING BALANCE 1,956,510.83 2,975,112.78 1,956,510.83 COMMERCIAL PAPER - DISCOUNT 2,933,355.28 FEDERA._ AGENCY ISSUES - COU?ON 2833 Federal Home Loan Mort Corp 5.830 03/10/1998 998,410.00 2835 Federal Home Loan Mort Corp 5.850 03/18/1998 999,000.00 2785 Fed. Nat'l Mort. Assoc. 6.660 03/27/1998 1,000,000.00 2834 Fed. Nat'l Mort. Assoc. 5.750 03/18/1998 1,000,000.00 SUBTOTALS and ENDING BALANCE 2,997,410.00 1,000,000.00 43,975,431.35 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 2206 LAIF-Redevelopment Agency 5.680 5,250,000.00 5,000,000.00 16,137,013.79 TREASURY SECURITIES - COUPON 1,997,665.27 MEDIUM TERM NOTES 2839 American Int'1 Group (AIG) 5.750 03/30/1998 1,000,800.00 2782 General Electric 7.000 03/24/1998 1,000,000.00 2838 Travelers Group Inc. 6.125 03/27/1998 1,007,180.00 SUBTOTALS and ENDING BALANCE 2,007,980.00 1,000,000.00 8,018,805.95 ------------------------------------------------------------------------ TOTALS 37,576,900.83 34,014,112.78 76,472,782.47 44 04/15/1998 PM - 7 CITY OF HUNTINGTON BEACH CITY INVESTMENT ACTIVITY SUMMARY ACCRUAL MARCH 1997 through.MARCH 1998 YIELD TO MATURITY MANAGED NUMBER OF NUMBER OF AVERAGE MONTH NUMBER OF TOTAL 360 365 POOL SECURITIES SECURITIES AVERAGE DAYS TO END YEAR SECURITIES INVESTED EQUIV EQUIV RATE PURCHASED MATURED/SOLD TERM MATURITY ------------------------------------------------------------------------------------------------------------------- March 97 35 67,893,588.14 54848 5.9304 5.580 22 619 432 April 97 36 75,564,297.01 5.823 5.904 5.612 ��� 23 558 377 May 97 34 77,278,683.01 5.788 5.869 5.634 ��' 23 516 334 June 97 39 78,912,795.59 5.611 5.891 5.667 �/ 24 500 316 July 97 40 71,857,379.73 5.785 5.866 5.679 �2 `�1I3 475 274 August 97 43 70,428,506.38 5.852 5.933 5.690 581 378 September 97 41 68,504,258.44 5.884 5.966 5.707 �!�N 598 376 October 97 40 66,043,S1B.07 5.924 6.006 5.105 - 720 476 November 97 42 66,711,043.81 5.927 6.0_0 5.715 % y2Y 3 718 479 December 97 47 76,547,658.08 5.917 5.999 5.744 -7? 3Z 697 477 January 98 47 75,153,925.30 5.911 5.993 5.742 �j� 782 575 February 98 48 72,910,148.38 5.931 6.013 5.720 / /!s 810 604 March 98 51 76,472,782.47 5.912 5.994 5.680 _,4-_30 _Zf.-2q 810 602 ---------------- AVERAGES 42 $ 72,636,814.19 5r870% 5.952f 5.683% �/ / 29 645 438 04/15/1998 PM - 8 CITY OF HUNTINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE MARCH 1997 through MARCH 1998 MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------ END YEAR RPA SCD BAC COM CPT FAC FAD LA1 TRC TRD MTN NCB BCD MC1 MD1 PA! GN1 ------------------------------------------------------------------------------------------------------------------------------------ March 97 3.7 4.3 4.3 38.3 37.6 1.5 10.4 April 97 7.7 3.9 3.9 34.4 38.2 2.7 9.3 Mav 97 9.7 3.8 2.5 31.0 41.3 2.6 9.1 June 97 8.5 3.7 7.5 32.3 36.6 2.5 8.9 July 97 8.0 5.4 8.2 31.3 34.5 2.8 9.8 August 97 6.1 4.2 5.6 41.8 1.4 31.0 2.8 7.1 September 97 2.7 2.8 5.7 44.5 34.0 2.9 7.3 October 97 4.5 3.0 56.7 20.7 1.5 13.7 November 97 0.2 2.9 1.5 57.7 22.7 1.5 13.5 December .97 1.3 1.3 3.8 55.5 25.0 2.6 10.5 Jan,:ar`; ... '_.2 .0 3.9 56.5 22.5 2.7 9.3 February 98 0.2 4.1 4.0 57.6 21.8 2.7 9.6 March 98 1.9 2.6 3.8 57.5 21.1 2.6 10.5 ---------------------------------------------------------------------------------------------------------------------- AVERAGES 4.3% 3.5% 4.2% 45.8% 0.1$ 29.8% 2.4% 9.9% ------ ----------------------------------------------------------------------------------------------------------- RDA - Repurchase Agreements SCD - Certificates of Deposit BAC - Bankers Acceptances COM - Commercial Paper - Discount CP-- - Commercial Paper - interest Bearing FAC - Federal Agency issues - Coupon FAD - Federal Agency Issues - Discount LA1 - Local Agency Investment Funds TRC - Treasury Securities - Coupon TRD - Treasury Securities - Discount MTN - Variable CD's NCB - Negotiable CD's BCD - Certificates of Deposit - Bank MC1 - Medium Term Notes MD1 - Miscellaneous Securities - Discount PA1 - County Funds/ Passbook GN1 - Mortgage Backed Securities APR-17-1998 14:33 FROM .CIF ST. TREASURER LAIF TO 87143741603 P.02 i i State of. California Pooled Money tnvestme-ir t 'Account Market Valuation � l - -- -3137198 - -- --- - i-- - - -- CAr%ri"'d rue antehe �cEr � ! ue. id 1_iiteres i United States Treasu ti Bills $ 2,420,964,781.00 ;$ 2,464,804,902i.75 NA Stri $ 73,184,450.00 $ 94,39175000 NA Notes $ 5.185,272,399.3i $ 5,187,804,5901 $ 61,580,066.11 Federal Agency: i ' Bonds $ 1,593,880,329.46 .$ 1,593,11.9,030.00 $ 24,059,016.67 Floaters $ 170,000,000.00 $ 169,9821500L00 $ 1,231,870.00 MBS $ 139,691,213.65 $ 140,111,750.69 $ 824,216.11 GNMA $ 2,477,668.49 $ 2,853;012795 $ 24,411.95 SBA $ 222,809,965.64 $ 224,143,252.69 $ 2,228,877.28 FHLMC PC $ 24,002,273.39 $ 25,677,024..45 $ 385,379.49 Discount Notes ? $ 1,196,606,353.02 $ 1,220,259,747:78 NA Bankers Acceptances ! $ 187,055,751.78 $ 187,055,751 78 NA Corporate: i Bonds j $ 972,299,704..50 $ 971,913,325.45 $ 16,394,259.6-3 Floaters $ 561,887,374.49 $ 562,417,597,.50 $ 2,832,615.45 CDs $ 5,697,899,056.71 $ 5 695,075,704.72 $ 70,227,184.69 Bank Notes s $ 1,025,000,000.00 $ 1,024,796,984.00 $ . 16,104,944.44 Repurchase A reemerits $ - ;$ NA Time Deposits $ 1,277,390,000.00 $ 1,277,390,000.00 NA AB 55 & GF Loans $ 1,620,452,146.00. $ 1.,.620, 52,146:00 NA Commercial Paper $ 6,657,785,847.58 $ ° . 6,664,904,125:38 NA i Reverse Repurchase i $ 669,943,000.00 ;$ 669,$43,000:00 $ ;(1,409,861.75) TOTAL $ 28,358,716,315.02 .$ : 28.,457,010,196:14 $ 194,492,98M7 Estimated Market V'Iue Including Accrued Interest $ 28,651,603,176.21 i i Repurchase Agreements,Time Deposits,AB 55&General Fund•loars, and Reverse Repurchase agreements are carried at portfolio book value(carryinglcost), ` Certificates of Deposit(CDs), Bank Notes(BNs), and Commercaa}Psper.(CP less than 90 days are camid at portfolio book value (carrying cost). Inter,est.accrued from the date of purchase on CDs and BNs under 90 days M not included. i i i RCA ROUTING SHEET INITIATING CITY TREASURER DEPARTMENT: SUBJECT: Investment Summary Reports COUNCIL MEETING DATE: May 4, 1998 _ RCA �1TACHMEN �: 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 K,� = EXPLANATIONFOR MISSI,NGATTACHMENTS RETU_RNE_D ' IvFtO�RWARDED Administrative Staff ( ) ( ) s Assistant City Administrator (Initial) ( ) ( ) City Administrator (Initial) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM z =r • • . • Only) Treasurer,s Re oft S, pri7L Free ric �P_A i p, _, , � J T % R R�EPORF JJ R r � - _ I ,t S Wf , Treasurer'•gi R;eport,--Shar,#L.,Fi;ei�nnirich,,CRIA,.I ` Investment Balance Trends i¥ Portfolio Balances b e T . y yp $65M $55M $68M $77M $73M $77M 100% I I� I I� ❑Treasuries �OGIP 80% Med Notes 60% LAIF 40% I C•P 20%um 0% — Novp94 Mar-96 Mar-97 Dec-97 Feb-98 Mar-98 Y ' x (9c 0 WEE@ Slide 3 r - • • do, Investment Type Portfolio Percent/$ Policy Limit rchas gree. 29/° None Ban er Acceptances 3°/ n .' 25%° Federa Agcy. Issues57% None LA F $16M $40 M Med Term Notes 10% 20% CornrnerclalPaper _ 4% 15% USTeasuries 3% None Slide 4 .. , Treasurer's Report-Shari,L. Freidenrich,,CPA} Investment Maturities by Days, -;§ Ending Mar. 1998a 23%= 23% ■1 Da 25% / _� .0 2-180 Days 20% 12% ° 190/ 15/o 10% / // ■2-3Yr. 5% 11 7% I� .l� ■ 4-5 Yr. 0016 ._ I I Treasurer's Report-Shari L,Reidenrich%CP-A) General Fund Est. Cash Flow 5 ' Apr 1998 to Sept 1998 S10,000,000 �� Y $5,000,000 $o - , i BAN A ^ g8 SepA8 / , \,� zt _ Council/Agency Meeting Held: 0 /(, Deferred/Continued to: / IIO Approved ❑ Condif�pnally Approved ❑ Den City Clerk's Signatu (v eJu ,en O Council Meeting Date: March 16, 1998 Department ID Number: CT 98-004 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City Treasur( � rn PREPARED BY: SHARI L. FREIDENRICH, City Treasurer ^ ^moo' SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JANUARY 1998 , INVESTMENT SUMMARY REPORT cry Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status, Attachment(s) Statement of Issue: Review and accept the monthly investment report for January, 1998 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, 1998, 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 January, 1998 Monthly Investment Report and Summary of Investments for January 1998 ...............................................x.....x............�.... .....................................................................................ATTACHMENT 1 City of Huntington Beach Summary of Investment Portfolio Activity for January, 1998 Financial Information: Increase December January (Decrease) End of month City Portfolio Balance $76,547,658 $75,153,925 ($1,393,733) Accrued Interest at Purchase $37,227 $45,988 $8,761 Interest Earned for Month $348,753 $374,892 $26,138 Earned Interest Yield Average 5.87% 5.90% 0.03% Average Maturity ( in days) 477 575 98 End of Month Market Value $76,706,866 $75,480,404 ($1,226,462) End of month bank cash balance $2,497,656 $2,556,466 $58,810 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $374,892 $99,892 Interest Earned Year to Date $1,100,000 $1,385,519 $285,519 Earned Interest Yield Year to Date 5.90% 5.92% 0.02% Transaction Summary: Increase December January (Decrease) Number of Securities Purchased 28 26 -2 Number of Securities Matured/Sold 23 25 2 Summary by Individual Investment: Days Int. January % of Total Policy Limit to Mat. Rate Repurchase Agreements $872,000 1% None 1 5.30% Bankers Acceptances $2,975,113 4% 25% 48 5.52% Commercial Paper- Discount $2,933,355 4% 15% 98 5.78% Federal Agy Issues - Coupon $42,474,840 57% None 816 6.14% Local Agency Inv. Fund (LAIF) $16,887,014 22% $40 Million 1 5.74% Medium Term Notes $7,014,080 9% 20% 823 6.03% Treasury Securities $1,997,523 3% None 1155 6.17% Total $75,153,925 100% 02/26/1998 CITY OF HUNTINGTON BEACH PM - 1 - - PORTFOLIO MASTER SUMMARY CITY JANUARY 31, 1998 ACCRUAL AVERAGE ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT ------------------------------------------------------------------------------------------------------------------------------------ Repurchase Agreements........................$ 872,000.00 1.16 3 1 5.225 5.298 Bankers Acceptances.. ........................$ 2,975,112.78 3.96 55 48 5.442 5.517 Commercial Paper - Discount..................$ 2,933,355.28 3.90 144 98 5.697 5.776 Federal Agency Issues - Coupon.. .............$ 42,474,840.64 56.52 1,151 816 6.056 6.140 Local Agency Investment Funds... ..............$ 16,887,013.79 22.47 1 1 5.663 5.742 Treasury Securities - Coupon.................$ 1,997,523.00 2.66 1,342 1,155 6.088 6.172 Medium Term Notes.............................$ 7,044,079.81 9.33 943 823 5.950 6.032 ------------------------------------------------------------------------------ TOTAL INVESTMENTS and AVERAGES.............$ 75,153,925.30 100.00% 782 575 5.911% 5.993% CASH Passbook/Checking Accounts. . . . . . .. . . . . . . .. ...$ 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase. . . ......... .....$ 45,988.18 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST.............$ 45,988.18 TOTAL CASH and INVESTMENTS.................$ 75,199,913.48 MONTH ENDING FISCAL FISCAL TOTAL EARNINGS JANUARY 31 YEAR TO DATE YEAR ENDING Current Year $ 374,891.95 $ 1,385,519.13 AVERAGE DAILY BALANCE $ 74,810,112.68 $ 69,501,842.88 EFFECTIVE RATE OF RETURN 5.90% 5.92!k Current Budget $ 275,000.00 $ 1,100,000.00 $ 3,300,000.00 I certify that this report accurately reflects all City and Redevelopment Agency EID NRICH pooled investments and is in conformity with all State laws and the investment CITY TREASURER policy statement filed with the City Council on Dec. 15, 1997. A copy of this 3/ I 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 DATE month's obligations: Market Values provided by Union Bank via Merrill Lynch and J.J. Kenney pricing services. 0 02/26/1998 CITY OF HUNTINGTON BEACH PM - 2 NVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY JANUARY 31, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE, FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ----------------------------------------------------------------- ---------------------------------------------------------------- REPURCHASE AGREEMENTS 98-95 Union Bank 01/30/98 872,000.00 872,000.00 872,000.00 5.225 5.298 02/02/98 1 AVERAGES 819,774.19 BANKERS ACCEPTANCES 2829 Bank of New York 01/26/98 1,983,137.78 2,000,000.00 1,985,140.00 5.420 5.542 A1P1 03/23/98 50 2628 First National Bank of Chic 01/21/98 991,975.00 1,000,000.00 993,620.00 5.350 5.468 A1P1 03/16/98 43 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 1,332,088.17 2,975,112.78 2,978,760.00 3,000,000.00 5.517 48 COMMERCIAL PAPER - DISCOUNT 2823 Minn. Mng & Mfg (3M) 12/31/97 982,456.67 1,000,000.00 987,760.00 5.540 5.717 A1+P1 04/24/98 82 2822 General Electric 12/31/97 972,400.00 1,000,000.00 999,190.00 5.520 5.756 AAA 06/29/98 148 2815 SIGMA FINANCIAL CORP 11/20/97 978,498.61 1,000,000.00 990,480.00 5.650 5.854 A1,P1 04/06/98 64 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 2,933,355.28 2,933,355.28 2,977,430.00 3,000,000.00 5.776 98 FEDERAL AGENCY ISSUE'S - COUPON 2813 FEDERAL FARM CREDIT BANK 11/20/97 1,000,291.96 1,000,000.00 1,009,200.00 5.910 5.980 AAA 11/20/00 1,023 2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,996,240.00 5.180 5.180 AAA O8/26/98 206 2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 997,500.00 5.300 5.300 AAA 11/18/98 290 2784 Federal Home Loan Bank 03/26/97 1,000,000.00 1,000,000.00 1,011,250.00 6.715 6.715 AAA 03/26/02 1,514 2798 Federal acme Loan Bank 08/08/97 2,000,000.00 2,000,000.00 2,011,120.00 5.955 6.041 AAA 07/08/99 522 2799 Federal Home Loan Bank 08/27/97 1,000,000.00 1,000,000.00 1,010,780.00 6.500 6.590 AAA 08/27/02 1,668 2804 Federal Home Loan Bank 09/30/97 2,000,000.00 2,000,000.00 2,001,560.00 5.735 5.815 AAA 09/30/98 241 2806 Federal Home Loan Bank 10/15/97 1,000,000.00 1,000,000.00 1,007,030.00 6.230 6.317 AAA 10/15/01 1,352 2807 Federal Home Loan Bank 10/01/97 5,000,000.00 5,000,000.00 5,003,900.00 5.735 5.814 AAA 09/30/98 241 2811 Federal Home Loan Bank 11/24/97 1,000,000.00 1,000,000.00 1,002,660.00 6.120 6.205 AAA 11/24/00 1,027 2812 Federal Home Loan Bank 11/07/97 1,000,239.18 1,000,000.00 1,002,660.00 6.035 6.101 AAA 11/05/99 642 2814 Federal Home Loan Bank 11/26/97 1,000,000.00 1,000,000.00 1,000,310.00 5.945 6.028 AAA 05/26/99 479 2817 Federal Home Loan Bank 12/19/97 1,001,167.32 1,000,000.00 1,004,840.00 5.860 5.858 AAA 09/24/99 600 2820 Federal Home Loan Bank 12/30/97 1,000,000.00 1,000,000.00 1,005,940.00 6.200 6.286 AAA 12/30/02 1,793 2821 Federal Home Loan Bank 01/07/98 1,000,000.00 1,000,000.00 1,006,410.00 6.215 6.301 AAA O1/07/03 1,801 2824 Federal Home Loan Bank 01/22/98 1,000,000.00 1,000,000.00 1,002,190.00 6.050 6.134 AAA 01/22/01 1,086 2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,033,120.00 6.990 6.990 AAA 05/17/01 1,201 2803 Federal Home Loan Mort Corp 08/22/97 996,865.570 1,000,000.00 1,006,090.00 6.090 6.328 AAA 07/28/00 908 2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,999,288.04 3,000,000.00 2,999,070.00 5.000 5.454 AAA 02/25/98 24 2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,997,490.24 2,000,000.00 2,005,940.00 6.850 6.912 AAA 05/26/00 845 2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 1,004,220.00 6.870 6.965 AAA 06/01/01 1,216 2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,019,530.00 7.070 7.070 AAA 06/25/01 1,240 2785 Fed. Nat'l Mort. Assoc. 03/27/97 1,000,000.00 1,000,000.00 1,001,560.00 6.660 6.660 AAA 03/27/00 785 2790 Fed. Nat'l Mort. Assoc. 06/25/97 1,494,348.83 1,500,000.00 1,496,010.00 5.720 6.185 AAA 02/16/99 380 02/26/1998 CITY OF HUNTINGTON BEACH PM - 3 NVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY JANUARY 31, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- FEDERAL AGENCY ISSUES - COUPON 2797 Fed. Nat'l Mott. Assoc. 08/08/97 998,704.74 1,000,000.00 1,002,190.00 6.140 6.319 AAA O8/07/00 918 2800 Fed. Nat'l Mort. Assoc. 08/12/97 993,489.96 1,000,000.00 1,021,720.00 6.150 6.408 AAA 08/05/02 1,646 2801 Fed. Nat'l Mort. Assoc. 08/12/97 992,954.80 1,000,000.00 1,010,160.00 5.910 6.307 AAA 08/07/00 918 2818 Fed. Nat'l Mort. Assoc. 12/26/97 1,000,000.00 1,000,000.00 1,009,530.00 6.150 6.235 AAA 12/26/02 1,789 2825 Fed. Nat'l Mort. Assoc. 01/14/98 1,000,000.00 1,000,000.00 999,220.00 6.010 6.093 AAA 01/14/03 1,808 2826 Fed. Nat'l Mort. Assoc. 01/14/98 1,000,000.00 1,000,000.00 999,220.00 6.010 6.093 AAA O1/14/03 1,808 2816 Sallie Mae 12/17/97 1,000,000.00a 1,000,000.00 999,370.00 6.000 6.083 AAA 06/17/99 501 SUBT07A`_,S and AVERAGES 42,119,028.59 42,474,840.64 42,682,540.00 42,500,000.00 6.140 816 LOCAL AGENCY INVESTMENT FUNDS 982 Laif City 7,793,427.69 7,793,427.69 7,793,427.69 5.742 5.742 NR 1 2206 LAIF-Redevelopment Agency 9,093,586.10 9,093,586.10 9,093,586.10 5.742 5.742 NR 1 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 18,014,538.82 16,887,013.79 16,887,013.79 16,887,013.79 5.742 1 TREASURY SECURITIES - COUPON 2783 UNITED STATES TREASURY 03/17/97 999,749.12 1,000,000.00 1,034,840.00 6.500 6.507 AAA O8/31/01 1,307 2819 UNITED STATES TREASURY 12/10/97 997,773.88 1,000,000.00 1,009,840.00 5.750 5.837 AAA 10/31/00 1,003 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 1,997,486.83 1,997,523.00 2,044,680.00 2,000,000.00 6.172 1,155 MEDIUM TERM NOTES 2830 Associated Corp. 01/29/98 1,004,110.374 1,000,000.00 1,003,610.00 6.000 5.889 AA3 06/15/00 865 2809 Banc One Corp. 10/14/97 1,004,394.41 ' 1,000,000.00 1,014,060.00 6.250 6.145 AA- 09/01/00 943 2782 General Electric 03/04/97 1,001,921.95 1,000,000.00 1,001,190.00 7.000 5.711 AAA 03/24/98 51 2808 JP Morgan 10/02/97 999,519.50 1,000,000.00 1,005,610.00 6.125 6.230 AA 10/02/00 974 2805 Norwest Financial, Inc. 10/01/97 2,009,375.00 2,000,000.00 2,018,460.00 6.375 6.156 AA3 10/01/99 607 2827 Southwestern Bell 01/12/98 994,758.58 1,000,000.00 995,050.00 5.730 5.939 AA3 10/21/02 1,723 ----------------- -------------- -------------- -------------- ------ ------ SUBTOTALS and AVERAGES 7,593,840.80 7,014,079.81 7,037,980.00 7,000,000.00 6.032 823 ----------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. $ 75,153,925.30 75,480,403.79 74,810,112.68 75,259,013.79 5.993% 575 A 02/26/1998 CITY OF HUNTINGTON BEACH PM - 4 INVESTMENT PORTFOLIO DETAILS - CASH CITY JANUARY 31, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED YTM QUAL MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 365 RATE DATE TO MAT A Accrued Interest at Purchase 45,988.18 -------------------------------------------------------------------------------- TOTAL CASH $ 45,988.18 TOTAL CASH and INVESTMENTS $ 74,810,112.68 75,199,913.48 A A .. A 02/26/1998 CITY OF HUNTINGTON BEACH PM - 5 RTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY JANUARY 1, 1998 - JANUARY 31, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 98-85 UNION BANK OF CALIFORNIA 5.100 01/12/1998 624,000.00 O1/13/1998 624,000.00 98-79 Union Bank 6.100 01/02/1998 984,000.00 98-80 Union Bank 5.225 01/OS/1998 368,000.00 01/06/1998 368,000.00 98-81 Union Bank 5.038 01/06/1998 1,250,000.00 O1/07/1998 1,250,000.00 98-82 Union Bank 4.913 01/07/1998 384,000.00 O1/08/1998 384,000.00 98-83 Union Bank 4.913 01/08/1998 920,000.00 O1/09/1998 920,000.00 98-84 Union Bank 4.975 01/09/1998 1,525,000.00 O1/12/1998 1,525,000.00 98-86 Union Bank 5.100 01/14/1998 1,219,000.00 O1/15/1998 1,219,000.00 98-87 Union Bank 5.100 01/15/1998 1,245,000.00 O1/16/1998 1,245,000.00 98-88 Union Bank 4.975 01/16/1998 396,000.00 O1/20/1998 396,000.00 98-89 Union Bank 5.100 01/20/1998 285,000.00 O1/21/1998 285,000.00 98-90 Union Bank 4.975 01/21/1998 1,372,000.00 O1/22/1998 1,372,000.00 98-91 Union Bank 4.975 01/23/1998 2,201,000..00 4% 01/26/1998 2,201,000.00 98-92 Union Bank 5.100 01/26/1998 718,000.00 O1/27/1998 718,000.00 98-93 Union Bank 5.100 01/27/1998 932,000.00 O1/28/1998 932,000.00 98-94 Union Bank 5.163 01/29/1998 606,000.00 O1/30/1998 606,000.00 98-95 Union Bank 5.225 01/30/1998 872,000.00 SUBTOTALS and ENDING BALANCE 14,917,000.00 15,029,000.00 872,000.00 BANKERS ACCEPTANCES 2796 Bank of New York 5.460 01/20/1998 972,851.67 2829 Bank of New York 5.420 01/26/1998 1,983,137.78 2828 First National Bank of Chicago 5.350 01/21/1998 991,975.00 SUBTOTALS and ENDING BALANCE 2,975,112.78 972,851.67 2,975,112.78 02/26/1998 CITY OF HUNTINGTON BEACH PM - 6 RTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY JANUARY 1, 1998 - JANUARY 31, 1998 ACCRUAL STATED •TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT 8 ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- COMMERCIAL PAPER - DISCOUNT 2,933,355.28 FEDER. L AGENCY ISSUES - COUPON 2810 Federal Home Loan Bank 5.893 01/02/1998 1,000,000.00 2821 Federal Home Loan Bank 6.215 01/07/1998 1,000,000.00 2824 Federal Home Loan Bank 6.050 01/22/1998 1,000,000.00 2774 ° Federal Home Loan Mort Corp 6.000 01/21/1998 1,000,000.00 2775 Federal Home Loan Mort Corp 6.000 01/21/1998 1,000,000.00 2789 Fed. Nat'l Mort. Assoc. 5.480 01/02/1998 1,000,000.00 2825 Fed. Nat'l Mort. Assoc. 6.010 01/14/1998 1,000,000.00 2826 Fed. Nat'l Mort. Assoc. 6.010 01/14/1998 1,000,000.00 SUBTOTALS and ENDING 3ALANCE 4,000,000.00 4,000,000.00 42,474,840.64 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 982 Laif City 5.742 120,330.57 2206 LAIF-Redevelopment Agency 5.742 5,097,292.58 7,500,000.00 S'3BT07A:_,S and ENDING BALANCE 5,217,623.15 7,500,000.00 16,887,013.19 TREASURY SECURITIES - COUPON 1,997,523.00 MEDIUM TERM NOTES 2830 Associated Corp. 6.000 01/29/1998 1,004,120.00 2750 AT&T 5.410 01/30/1998 1,000,000.00 2773 General Electric 8.000 01/15/1998 1,000,000.00 2827 Southwestern Bell 5.730 01/12/1998 994,700.00 2756 US LIFE CORP 6.750 01/15/1998 1,000,000.00 SUBTOTALS and ENDING BALANCE � , 1,998,820.00 3,000,000.00 7,014,079.81 ------------------------------------------------------------------------ TCTALS 29,108,555.93 30,501,851.67 75,153,925.30 02/26/1998 PM - 8 CITY OF HUNTINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE JANUARY 1997 through JANUARY 1998 A MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------ END YEAR RPA SCD BAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MC1 MD1 PA1 GN1 ------------------------------------------------------------------------------------------------------------------------------------ January 97 3.0 4.5 35.2 46.7 1.5 9.2 February 97 8.2 4.4 4.4 34.4 38.2 1.5 9.0 March 97 3.7 4.3 4.3 38.3 37.6 1.5 10.4 April 97 7.7 3.9 3.9 34.4 38.2 2.7 9.3 May 97 9.7 3.8 2.5 31.0 41.3 2.6 9.1 June 97 8.5 3.7 7.5 32.3 36.6 2.5 8.9 July 97 8.0 5.4 8.2 31.3 34.5 2.8 9.8 August 97 6.1 4.2 5.6 41..8 1.4 3160 2.8 7.1 September 97 2.7 2.8 5.7 44.5 34.0 2.9 7.3 October 97 4.3 3.0 56.7 20.7 1.5 13.7 November 97 0.2 2.9 1.5 57.7 22.7 1.5 13.5 December 97 1.3 1.3 3.8 55.5 25.0 2.6 10.5 January 98 1.2 4.0 3.9 56.5 22.5 2.7 9.3 ---------------------------------------------------------------------------------------------------------------------- AVERAGES 4.7% 3.6% 4.3% 42.3% 0.1% 33.0% 2.0% 0.2% 9.8% RPA - Repurchase Agreements SCD - Certificates of Deposit BAC - Bankers Acceptances COM - Commercial Paper - Discount C i - Commercial Paper - Interest Bearing FAC - Federal Agency Issues - Coupon FAD - Federal Agency issues - Discount 9A1 - Local Agency Investment Funds TRC - Treasury Securities - Coupon TRD - Treasury Securities - Discount MTN - Variable CD's NCB - Negotiable CD's BCD - Certificates of Deposit - Bank MC1 - Medium Term Notes MD1 - Miscellaneous Securities - Discount PA1 - County Funds/ Passbook GN1 - Mortgage Backed Securities A rtti-�b-1'�'�b lb ✓Jb rRui l ,n�i r �l . � .... ._.. _.. State of California Pooled Money Investment:account Market Valuation 1131198 United States Treasury: Bills i $ 2,324,473,458.11 $ 2.367; 2,388.90 NA Strips $ 73,184,450.00 $ 93417,100.00 NA Notes i $ 5,034,848,029.41 3 ! 5,048;862,230.00 $ 86,762,970.41 Federal Agency: 1 Bonds $ 1,369,197,433.03 $ 1,370,774,333.75 3 14,673,446.64 Floaters $ 265,000,000.00 $: i 265,010,4507" $ :3,086,134.85 MBs i $ 143,302,984.82 $ 144,463,,359.08 $ 845,886.74 GNMA i $ 2,601,389.55 $ .3,016,393.07 $ 25,646.80 SSA ! $ 224,453,978.17 $ 225 6t39,406.92 $ 2,245,132.81 FMLMC PC $ 24,760,342.72 $. ,26,518,700,63 $ 397,599.30 Discount Notes $ 1,105,132,496.34 $ '1;1:20:8$8,767.94 NA Bankers Acceptances $ 329,413,909.77 $ i 3$1.20935.07 NA Corporate: Bonds $ 985,187,676.35 $ 986;605,269.65 $ 19,674,706.46 Floaters $ 525,972,117.75 $ ; 525;348,465.00 $ 4,138,061.90 CDs $ 6,723,994,982.46 $ A7211874,070.89 $ 39,181,945.85 Bank Notes $ 875,000,000.00 $ S75,084,116.55 $ .8.672.944.44 Repurchase Agreements $ 100,000,000.00 $ 100,Og0 000.00 NA Time Deposits $ 1,138,295,000.00 $ 1,138295.000.00 NA AS 55 &GF Loans i $ 1,395,578,336.00 $ 1,395,57',8,335.d0 NA Commercial Paper $ 8,190,683,433.93 $ 8.198,3%j445,16 NA Reverse Repurchase i $ (197,332,600,00) $ i (197,33Z;500.00) ($1,683,551.50) TOTAL $ 30tS33,747.516.40 $ 30,741,88i4;267.$9 1. $ 178,020,924.40 Estimated Market Valve Including Accrued Interest $. 3019191905,191.99 Repurchase-Agreements, Time Deposits,AS 55&General Fund loan, an: Reverse Repurchase agreements are carried at portfolio book value (cairrjiing cost). Certificates of Deposit(00s)y Bank Notes(BNs);and Commercial Paper( Ps) less than 90 days are carried at portfolio book value (carrying cost). lnter�-st accrued from the date of purchase on CDs and SNs under 90 days is.not induOed:: -J r ='TOTRL'"P.02 .. `Y RCA ROUTING SHEET INITIATING CITY TREASURER DEPARTMENT: SUBJECT: Investment Summary Report COUNCIL MEETING DATE: March 16, 1998 ........ ........ ............... ....... _.. ..... - .. ......... . ....... .. .... ......... ........ ..... _. . ......... ......... ......... _.. ...... _ _ ... ... _ .... 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 Attomey) 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 ..... . ....... . _..... ........ . _...... .. _...... ......_. ..........._.. ..... ......... - .. ........ . _ _ _._. ........ .._........... -- . .... . .... .......... .. ..... ...... _... .... .. .......... .... ......._.. ....__...... _... . _ ........ . .. _. REVfEWED RETURNED: FORW DED _. _ .. .... _ . Administrative Staff ( ) Assistant City Administrator (Initial) ( ) City Administrator (Initial) City Clerk ( ) ................. .... ....... .. ..... _ . _. EXPLANATION....FO R'ETURN OF ITEM. Below Only) RECEIV90 FROM ANd MADE A PART OF T E RECORD AT THE COUNt3IL M68TIN©OF_?—!fr,ef- OPFICB OF THE CITY CLERK r— GONNIR BROCKWAY,CITY CLERK Treasurer's Report-Shari L.Freidenrich, CPA TREASURER'S REPORT Shari L. Freidenrich, CPA March 16, 1998 Slide 1 Treasurer's Report-Shari L.Freidenrich, CPA Investment Balance Trends Portfolio Balances by Type $655RM $56M $65M $72M $66M $75M 100% V ■Treasuries 80% ■OCIP ■Nled Notes 60% 0 LAIF ®Fed Ag. 40% p CP 20% ■BA O Repur. Slide 2 Nov-94 Jan-96 Jan-97 Jul-97 Oct-97 Jan-98 Treasurer's Report-Shari L.Freidenrich, CPA Investment Yields Trends El LAIF/T-Bill Ave. 0 Actual — LAIF 8.00% 7.00% ° �6.76% 6.89% 6.92° 6.00% ° ° ° ° S.00% a 4 4.00°/O r. i 3.00% 1.00% 4 ` Jan-97 Jul-97 Oct-97 Jan-98 Slide 3 Treasurer's Report-Shari L.Freidenrich, CPA Summary - Investment Portfolio Individual Investments: January 1998 Investment Type Portfolio Percent 1$ Policy Limit Repurchase Agree. 1% None Banker Acceptances 4% 25% Federal Agcy. Issues 57% None LAW $17M $40 M Med Term Notes 9% 20% Commercial Paper 4% 15% US Treasuries 3% None Slide 4 Treasurer's Report-Shari L.Freidenrich,CPA Investment Maturities by Days Ending Jan. 1998 25% 17% M 1 Day ®2-180 Days 20% 13% 13% _ 12% 13.5-1 Yr. 15% 7% 8% M 1 -1.5 Yr. 10% 01.5-2 Yr. ❑2-3Yr. 5% ®3-4Yr. 0% ❑4-5Yr. 0 Slide 5 Treasurer's Report-Shari L.Freidenrich, CPA General Fund Est. Cash Flow Feb 1998 to July 1998 $8,921,214 $10,000,000 $696,145 $5,000,000 V ($800,059) $540,722 ($5,537,573) $0 ($5,000,000) Feb-98 Mar-98 Apr-98 May-98 Jun-98 Jul-98 Estimated Cash Flow Slide 6