HomeMy WebLinkAbout1997 City Treasurer's Monthly Investment Summary Reports - B Council/Agency Meeting Held: 3 I o• �p
Deferred/Continued to: ,
(a Approved ❑ Conditionally Appro d - ❑ Denied City Clerk's gignature
Council Meeting Date: 02/02/98 Department ID Number: CT 98-002
CITY OF HUNTINGTON BEACH
REQUEST FOR COUNCIL ACTION z i
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SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS "~m
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SUBMITTED BY: SHARI L. FREIDENRICH, City Treasure /1 `"' T'' r
PREPARED BY: SHARI L. FREIDENRICH, City Treasurer
SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S DECEMBER, 1997
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,
1997 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, 1997,
pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
Alternative Action(s): Deny or critique monthly report.
Analysis: Not applicable.
Environmental Status: Not applicable.
Attachment(s):
City Clerk's
Page Number
Monthly Investment Report and Summary of
....__ _ . ; Investments for December, 1997
O1/15/i998 PM - 8
CITY OF HUNTINGTON BEACH CITY
DISTRIBUTION OF INVESTMENTS BY TYPE
DECEMBER 1996 through DECEMBER 1997
MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------
END YEAR RPA SCD BAC COM CPI FAC FAD LAI TRC TRD MTN NCB BCD MCI MD1 PA1 GN1
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December 96 6.2 2.8 5.6 33.0 39.5 1.4 11.5
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 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
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AVERAGES 5.1%- 3.5% 4.4% 40.5% 0.1% 34.3% 1.8% 0.3% 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 MCI - Medium Term Notes
MD1 - Miscellaneous Securities - Discount PA1 - County Funds/ Passbook
GN1 - Mortgage Backed Securities
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State of California
Pooled Money Investment Account
Market Valuation
/2/31197
De o. a in Co zp s af` , ,� � . a, �...
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t't'Y,..5. --
crue ...nEeresc _a; 4���/a ue, �`ccr_.ued.fnterest
- --
United States Treasu i
Bills $ 1,943,103,423.36 $ .1,973,969,916 60 NA
Strips $ 73,184,450.00 $ 93,131,35000 NA
Notes $ 5,291,658,088.89 $ 5,289,911,170L00- $ 73,051,647.60
FederalAgency: '
Bonds $ 1,081,677,229.18 $ 1,081,639,24550 $ 13,179,672.62
Floaters $ 265,000,000.00 $ 265,015,200,00 :$ 1,741,961.60
MBS i $ 145,162,959.81 $ 145,049,770;.49. $ 856,986.90
GNMA $ 2,643,011.03 $. 3,042,78432 $ 25,891.74
SBA $ 216,741,554.60 $ 218,340,02,?•78 $ 2,167,735-49
FHLMC PC i $ 25,763,510.65 $ 27,591,155.42 $ 413,606.01
Discount Notes $ 957,178,950.89 $ 966,778,259.60 NA
Bankers Acceptances ! $ 321,640,543.32 $ 322,542,740.98 NA
Cor
porate: i
Bonds $ 1,014,851,313.75 $ 1,013,539,559,44 $ 17,276,468.14
Floaters $ 437,002,43316 $ 436,353,835.00 $ 2,311,814.53
CDs $ 6,497,887,386.54 $ 6,493,$24,034.20. $ 25,565,727.78
Bank Notes $ 930,000,000,00 $ 929;610,6111.00 $ 6,200,333.33
Re urchase Agreements $ - $ NA
Time Deposits ' $ 1,072,795,000.00 $ 1,072,795,000:00 NA
AB 55& GF Loans $ 1,430,961,8".00 $ 1,430,961,844.00 NA
Commercial Paper $ 7,281,904,059,50 $ 7,292,879,181.74 NA
Reverse Repurchase $ (197,332,500.00) $ (197,332,500.00) $ (799;080.04)
TOTAL i $ 28,791,823,258.37 1 .$ 28,849,343,195.07 1 $ 141,992-655.71
Estimated Market VaIue Including Accrued Interest $ 28,991,335,850.78
Repurchase Agreements,Time Deposits.A1355& General Fund loans,and -
Reverse Repurchase agreements are carried at portfolio book value-(carrying:cost).
Certificates of Deposit(CDs), Sank Notes (BNs), and Commercial!Paper(CPs) less
than 90 days are carried at portfolio book value(carrying cost), lnterest accrued
from the date of purch�se on CDs and BNs under 90 days is not inciluded.
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RCA ROUTING SHEET
INITIATING CITY TREASURER
DEPARTMENT:
SUBJECT: Investment Report Summaries
COUNCIL MEETING DATE: February 2, 1998
........... . ... ... ..... . .. ........ .. _ ........ ........ ........ ... ... ....- .
AA- C A 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
ORW DED
. ......
Administrative Staff ( ) ( )
Assistant City Administrator (Initial) ( ) ( )
City Administrator (Initial) ( ) ( ate )
City Clerk ( )
EXPLANATION FOR RETURN OF ITEM
SpaceOnly)
RECEI'JED FROM �yC/
AND MADE APART OF THE ECORD AT�Eiy J
COUNCIL MEETING OF
OFFICE OF THE CITY CLERK
CONNIE BROCKWAY,CITY CLERK
Treasurer's Report-Shari L.Freidenrich, CPA
TREASURER'S REPORT
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fi
Shari L. Freidenrich, CPA
February 2, 1998 Slide 1
Treasurer's Report-Shari L.Freidenrich, CPA
Investment Balance Trends
Portfolio Balances by Type
$65M $60M $70M $68M $69M $77M
100%
■Treasuries
80% Y ■OCIP
60% ^' ®Med Notes
D LAIF
40% M Fed Ag.
20% ®CP
®BA
0% 0 epur.
Nov-94 Dec-95 Dec-96 Mar-97 Sep-97 Dec-97
r ,
Treasurer's Report-Shari L.Freidenrich, CPA
Investment Yields Trends
El LAIF/T-Bill Ave. MJ Actual LAW
8.00%
° 5.86%
7.00% 0 5.93°
0
6.00% 0 5.43% 6.4200 5.6 0
5.00% 7 t
4.00% Ie is
3.00/o
1.00%
0.00% R
Dec-96 Mar-97 Jun-97 Dec-97
Slide 3
Treasurer's Report-Shari L.Freidenrich, CPA
Summary - Investment Portfolio
Individual Investments: December 1997
lh estment Type Portfolid krcent Polic}iL�md
Repurchase Agree. 1% None
Banker Acceptances 1% 25%
Federal Agcy. Issues 56% None
LAIF $19M $40 M
Med Term Notes 10% 20%
Commercial Paper 4% 15%
US Treasuries 3% None Slide 4
Treasurer's Report-Shari L.Freidenrich, CPA
Investment Maturities by Days
Ending Dec. 1997
30% 27 0 011 Day
25% =>'" ° ®2-180 Days
1
0 4°/ 8.5-1 Yr.
20/o 800 8% 7% 91 -1.5 Yr.
15% ° `� ®1.5-2Yr.
10% Y' O2-3Yr.
5% ®3-4Yr.
o%A. 04-5Yr.
Slide 5
Treasurer's Report-Shari L.Freidenrich, CPA
General Fund Est. Cash Flow
Dec 1997 to May 1998
$12,000,000
$13,319,048
$7,000,000 :
($3,210,424)
$696,145 ($243,786)
$2,000,000 0 ,059
($3,000,000)
Dec-97 Jan-98 Feb-98 Mar-98 Apr-98 May-98
Est.Cash Flow 0 Total Actual Cash Flow Slide 6
09/02/1997 CITY OF HUNTINGTON BEACH PM - 2
NVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
JULY 31, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
97-225 Sanwa Bank - Los Angeles 07/31/97 1,000,000.00 1,000,000.00 1,000,000.00 5.375 5.375 5.450 08/01/97 0
97-229 Union Bank 07/31/97 4,745,000.00 4,745,000.00 4,745,000.00 5.475 5.475 5.551 08/01/97 0
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 3,947,000.00 5,745,000.00 5,745,000.00
5,745,000.00 5.458 5.533 0
BANKERS ACCEPTANCES
2779 BANK OF TOKYO 02/27/97 976,750.00 1,000,000.00 999,847.22 5.400 5.529 5.605 08/01/97 0
2796 Bank of New York 07/25/97 972,851.67 1,000,000.00 973,521.39 5.460 5.612 5.690 01/20/98 172
2792 First National Bank of Chic 06/27/97 972,756.11 1,000,000.00 977,960.00 5.510 5.664 5.743 12/22/97 143
2786 TOKYO-MITSUBISHI BANK 04/14/97 976,520.83 1,000,000.00 994,041.67 5.750 5.888 5.970 09/08/97 38
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 3,145,703.12 3,898,878.61 3,945,370.28
4,000,000.00 5.673 5.752 88
COMMERCIAL PAPER - DISCOUNT
2794 General Electric 06/30/97 984,569.44 1,000,000.00 984,569.44 5.500 5.586 5.664 10/09/97 69
2795 General Electric 06/30/97 984,416.67 1,000,000.00 984,416.67 5.500 5.587 5.665 10/10/97 70
2791 Internation Lease Fin. Corp 06/27/97 982,125.00 1,000,000.00 987,388.61 5.500 5.600 5.678 10/22/97 82
2788 Rose, Inc. 06/10/97 987,733.06 1,000,000.00 995,730.00 5.590 5.659 5.738 08/28/97 27
2780 SIGMA FINANCIAL CORP 02/28/97 973,300.00 1,000,000.00 995,882.50 5.340 5.486 5.563 08/27/97 26
2793 Sunbelt Dixie - Winn Dixie 06/27/97 984,161.67 1,000,000.00 989,667.78 5.590 5.680 5.759 10/07/97 67
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 5,896,305.84 5,896,305.84 5,937,655.00
6,000,000.00 5.600 5.678 57
FEDERAL AGENCY ISSUES - COUPON
2759 FEDERAL FARM CREDIT BANK 05/14/96 2,000,000.00 2,000,000.00 2,000,780.00 6.750 6.658 6.750 05/14/99 651
2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,995,625.00 5.180 5.109 5.180 08/26/98 390
2735 Federal"Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 997,187.50 5.300 5.227 5.300 11/18/98 474
2781 FederahiHome Loan Bank 03/11/97 1,000,000.00 1,000,000.00 1,002,500.00 6.060 5.977 6.060 09/11/98 406
2784 Federal Home Loan Bank 03/26/97 1,000,000.00 1,000,000.00 1,007,813.00 6.715 6.623 6.715 03/26/02 1,698
2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,029,376.00 6.990 6.894 6.990 05/17/01 1,385
2774 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 1,004,063.00 6.000 5.918 6.000 12/24/98 510
2775 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 1,004,063.00 6.000 5.918 6.000 12/24/98 510
2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,993,948.38 3,000,000.00 2,995,770.00 5.000 5.379 5.454 02/25/98 208
2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,000,000.00 1,000,000.00 1,000,090.00 6.210 6.125 6.210 03/24/99 600
2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,996,943.74 2,000,000.00 2,005,626.00 6.850 6.817 6.912 05/26/00 1,029
2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 1,007,990.00 6.870 6.776 6.870 06/01/01 1,400
2765 Fed. Nat'1 Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,024,890.00 7.070 6.973 7.070 06/25/01 1,424
2785 Fed. Nat'l Mort. Assoc. 03/27/97 1,000,000.00 1,000,000.00 1,019,390.00 6.660 6.569 6.660 03/27/00 969
2789 Fed. Nat'l Mort. Assoc. 06/25/97 998,990.64 1,000,000.00 1,000,590.00 5.480 5.725 5.804 01/02/98 154
2790 Fed. Nat'l Mort. Assoc. 06/25/97 1,491,636.26 1,500,000.00 1,492,635.00 5.720 6.100 6.185 02/16/99 564
09/02/1997 CITY OF HUNTINGTON BEACH PM - 3
NVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
JULY 31, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 24,609,785.20 22,481,519.02 22,588,388.50
22,500,000.00 6.137 6.222 735
LOCAL AGENCY INVESTMENT FUNDS
982 Laif City 17,424,227.70 17,424,227.70 17,424,227.70 5.679 5.601 5.679 1
2206 LAIF-Redevelopment Agency 7,386,853.78 7,386,853.78 7,386,853.78 5.679 5.601 5.679 1
2703 Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 0.001 1
2703-A Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 0.001 1
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 28,149,362.80 24,811,081.48 24,811,081.48
24,811,081.48 5.601 5.679 1
TREASURY SECURITIES - COUPON
2783 UNITED STATES TREASURY 03/17/97 999,713.80 1,000,000.00 1,020,313.00 6.500 6.418 6.507 08/31/01 1,491
2787 UNITED STATES TREASURY 04/23/97 999,776.67 1,000,000.00 999,531.25 5.625 5.637 5.715 10/31/97 91
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 1,999,450.77 1,999,490.47 2,019,844.25
2,000,000.00 6.027 6.111 791
MEDIUM TERM NOTES
2748 AT&T 02/22/96 2,000,004.98 2,000,000.00 2,000,180.00 5.350 5.340 5.414 08/12/97 11
2750 AT&T 02/26/96 999,907.15 1,000,000.00 998,790.00 5.410 5.427 5.503 01/30/98 182
2763 FORD MOTOR CORP. 05/07/96 1,005,300.00 1,000,000.00 1,008,390.00 8.000 6.329 6.417 12/01/97 122
2773 General Electric 12/24/96 1,009,603.25 1,000,000.00 1,012,090.00 8.000 5.711 5.790 01/15/98 167
2782 General Electric 03/04/97 1,008,449.32 1,000,000.00 1,009,690.00 7.000 5.632 5.711 03/24/98 235
2756 US LIFE CORP 05/07/96 1,001,839.61 1,000,000.00 1,005,490.00 6.750 6.310 6.398 01/15/98 167
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 7,027,211.05 7,025,104.31 7,034,630.00
7,000,000.00 5.728 5.807 128
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TOTAL INVESTMENTS and AVG. $ 71,857,379.73 72,081,969.51
74,774,818.80 72,056,081.48 5.785% 5.866% 274
09/02/1997 CITY OF HUNTINGTON BEACH PM - 4
INVESTMENT PORTFOLIO DETAILS - CASH CITY
JULY 31, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
Accrued Interest at Purchase 33,756.50
--------------------------------------------------------------------------------
TOTAL CASH $ 33,756.50
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TOTAL CASH and INVESTMENTS $ 74,774,818.80 71,891,136.23
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09/02/1997 CITY OF HUNTINGTON BEACH PM - 5
ATFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
JULY 1, 1997 - JULY 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
97-184 Sanwa Bank - Los Angeles 5.440 07/01/1997 6,700,000.00
97-185 Sanwa Bank - Los Angeles 5.313 07/01/1997 6,000,000.00
07/02/1997 6,000,000.00
97-186 Sanwa Bank - Los Angeles 5.250 07/02/1997 6,000,000.00
07/03/1997 6,000,000.00
97-187 Sanwa Bank - Los Angeles 5.125 07/03/1997 5,000,000.00
07/07/1997 5,000,000.00
97-188 Sanwa Bank - Los Angeles 5.188 07/07/1997 1,000,000.00
07/08/1997 1,000,000.00
97-189 Sanwa Bank - Los Angeles 5.188 07/08/1997 750,000.00
07/09/1997 750,000.00
97-190 Sanwa Bank - Los Angeles 5.188 07/09/1997 1,000,000.00
07/10/1997 1,000,000.00
97-191 Sanwa Bank - Los Angeles 5.125 07/10/1997 1,500,000.00
07/11/1997 1,500,000.00
97-194 Sanwa Bank - Los Angeles 5.125 07/11/1997 1,500,000.00
07/14/1997 1,500,000.00
97-198 Sanwa Bank - Los Angeles 5.188 07/15/1997 1,500,000.00
07/16/1997 1,500,000.00
97-199 Sanwa Bank - Los Angeles 5.250 07/16/1997 2,000,000.00
07/17/1997 2,000,000.00
97-201 Sanwa Bank - Los Angeles 5.188 07/17/1997 2,000,000.00
07/18/1997 2,000,000.00
97-202 Sanwa Bank - Los Angeles 5.125 07/18/1997 2,000,000.00
07/21/1997 2,000,000.00
97-203 Sanwa Bank - Los Angeles 5.125 07/21/1997 2,000,000.00
07/22/1997 2,000,000.00
97-210 Sanwa Bank - Los Angeles 5.125 07/14/1997 1,500,000.00
07/15/1997 1,500,000.00
97-211 Sanwa Bank - Los Angeles 5.125 07/22/1997 2,000,000.00
07/23/1997 2,000,000.00
97-212 Sanwa Bank - Los Angeles 5.188 07/23/1997 2,000,000.00
07/24/1997 2,000,000.00
97-213 Sanwa Bank - Los Angeles 5.188 07/24/1997 5,000,000.00
07/25/1997 5,000,000.00
97-217 Sanwa Bank - Los Angeles 5.125 07/25/1997 1,000,000.00
07/28/1997 1,000,000.00
97-218 Sanwa Bank - Los Angeles 5.188 07/28/1997 1,000,000.00
07/29/1997 1,000,000.00
97-219 Sanwa Bank - Los Angeles 5.250 07/29/1997 1,000,000.00
07/30/1997 1,000,000.00
97-220 Sanwa Bank - Los Angeles 5.313 07/30/1997 1,000,000.00
07/31/1997 1,000,000.00
09/02/1997 CITY OF HUNTINGTON BEACH PM - 6
_jRTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
JULY 1, 1997 - JULY 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
97-225 Sanwa Bank - Los Angeles 5.375 07/31/1997 1,000,000.00
97-192 Union Bank 5.038 07/03/1997 585,000.00
07/07/1997 585,000.00
97-193 Union Bank 5.100 07/07/1997 805,000.00
07/08/1997 805,000.00
97-195 Union Bank 5.100 07/08/1997 727,000.00
07/09/1997 727,000.00
97-197 Union Bank 5.038 07/10/1997 1,260,000.00
07/11/1997 1,260,000.00
97-200 Union Bank 5.038 07/09/1997 1,021,000.00
07/10/1997 1,021,000.00
97-205 Union Bank 4.975 07/11/1997 1,508,000.00
07/14/1997 1,508,000.00
97-206 Union Bank 5.038 07/14/1997 3,174,000.00
07/15/1997 3,174,000.00
97-207 Union Bank 5.163 07/15/1997 2,793,000.00
07/16/1997 2,793,000.00
97-208 Union Bank 5.225 07/16/1997 3,002,000.00
07/17/1997 3,002,000.00
97-209 Union Bank 5.100 07/17/1997 3,169,000.00
07/18/1997 3,169,000.00
97-214 Union Bank 4.975 07/18/1997 992,000.00
07/21/1997 992,000.00
97-215 Union Bank 5.03E 07/21/1997 753,000.00
07/22/1997 753,000.00
97-216 Union Bank 5.038 07/22/1997 860,000.00
07/23/1997 860,000.00
97-221 Union Bank 5.03B 07/23/1997 1,537,000.00
07/24/1997 1,537,000.00
97-222 Union Bank 5.100 07/24/1997 1,802,000.00
07/25/1997 1,802,000.00
97-223 Union Bank 5.038 07/25/1997 3,300,000.00
07/28/1997 3,300,000.00
97-224 Union Bank 5.225 07/28/1997 1,926,000.00
07/29/1997 1,926,000.00
97-228 Union Bank 5.288 07/30/1997 1,614,000.00
07/31/1997 1,614,000.00
97-229 Union Bank 5.475 07/31/1997 4,745,000.00
97-237 Union Bank 5.163 07/29/1997 1,679,000.00
07/30/1997 1,679,000.00
SUBTOTALS and ENDING BALANCE 85,002,000.00 85,957,000.00 5,745,000.00
09/02/1997 CITY OF HUNTINGTON BEACH PM - 7
_jRTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
JULY 1, 1997 - JULY 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
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BANKERS ACCEPTANCES
2796 Bank of New York 5.460 07/25/1997 972,851.67 3,898,878.61
COMMERCIAL PAPER - DISCOUNT
5,896,305.84
FEDERAL AGENCY ISSUES - COUPON
2754 Federal Home Loan Bank 7.000 07/23/1997 3,000,000.00 22,481,519.02
LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary)
982 Laif City 5.679 240,662.51
2206 LAIF-Redevelopment Agency 5.679 188,857.42 4,500,000.00
SUBTOTALS and ENDING BALANCE 429,519.93 4,500,000.00 24,811,081.48
TREASURY SECURITIES - COUPON
1,999,-490.47
MEDIUM TERM NOTES
7,025,104.31
------------------------------------------------------------------------
TOTALS 86,404,371.60 93,457,000.00 71,857,379.73
09/02/1997 PM - 8
CITY OF HUNTINGTON BEACH CITY
INVESTMENT ACTIVITY SUMMARY ACCRUAL
OCTOBER 1996 through JULY 1997
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
-------------------------------------------------------------------------------------------------------------------
October 96 27 55,915,357.08 5.822 5.903 5.601 25 24 628 475
November 96 27 54,815,162.80 5.815 5.895 5.599 18 18 641 466
December 96 32 69,689,082.72 5.755 5.835 5.574 27 22 535 385
January 97 29 65,400,483.10 5.799 5.880 5.583 i811-o2 23 557 393
February 97 31 66,864,621.68 5.765 5.845 5.575 a- 19 548 375
March 97 35 67,893,588.14 5.848 5.930 5.580 %?gyp 22 619 432
April 97 36 75,564,297.01 5.823 5.904 5.612 3.,a 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 5.811 5.891 5.667 / �/ 24 500 316
July 97 40 71,857,379.73 5.785 5.866 5.679 -'j3 .41-�3 475 274
----------------------------------------------------------------------------------------------------
AVERAGES 33 $ 68,419,145.09 5.800% 5.882% 5.610% 10 24 558 383
09/02/1997 PM - 9
CITY OF HUNTINGTON BEACH CITY
DISTRIBUTION OF INVESTMENTS BY TYPE
OCTOBER 1996 through JULY 1997
MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------
END YEAR RPA SCD BAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MC1 MD1 PA1 GN1
------------------------------------------------------------------------------------------------------------------------------------
October 96 4.1 3.5 3.5 37.5 37.0 1.8 12.6
November 96 4.9 3.6 3.6 38.3 35.1 1.8 12.8
December 96 6.2 2.8 5.6 33.0 39.5 1.4 - 11.5
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
----------------------------------------------------------------------------------------------------------------------
AVERAGES 6.1% 3.8% 4.8% 34.6% 38.5% 1.2% 0.8% 10.3%
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 - Mutual Funds / Passbook
GN1 - Mortgage Backed Securities
State of California
Pooled Money Investment Account
Market Valuation
7/31/97
Descnptron Canytng.Cost Plus Estimated
Accrued lnterestPurcf : Market Value, :Accrued Interest;
United States Treasury:
Bills $ 1,183,752,859.34 $ 1,204,982,488.15 NA
Strips $ 121,604,450.00 $ 150,080,450.00 NA
Notes $ 5,692,439,914.69 $ 5,684,574,370.00 $ 60,755,686A8
Federal Agency:
Bonds $ 1,079,802,273.06 $ 1,079,355,072.50 $ 13,908,511.81
Floaters $ 219,990,397.05 $ 220,011,150.00 $ 2,416,625.05
MBS $ 151,711,158.63 $ 151,502,518.73 $ 896,026.93
GNMA $ 2,845,948.27 $ 3,234,240.85 $ 27,720.74
SBA $ 220,481,181.59 $ 221,538,819.74 $ 2,206,863.19
FHLMC PC $ 28,217,634.87 $ 30,233,578.30 $ 453,093.82
Discount Notes $ 286,113,559.03 $ 287,620,600.00 NA
Bankers Acceptances $ 867,720,793.70 $ 869,664,253.14 NA
Corporate:
Bonds $ 1,179,982,015.07 $ 1,180,228,047.79 $ 24,611,271.42
Floaters $ 415,576,571.92 $ 415,624,470.00 $ 4,255,735.49
CDs $ 5,666,465,600.93 $ 5,666,426,520.27 $ 9,647,763.89
Bank Notes $ 874,053,541.52 $ 874,090,347.18 $ 2,759,777.79
Repurchase Agreements $ 50,000,000.00 $ 50,000,000.00 NA
Time Deposits $ 680,295,000.00 $ 680,295,000.00 NA
AB 55&GF Loans $ 3,936,251,602.00 $ 3,936,251,602.00 NA
Commercial Paper $ 6,677,944,749.63 $ 6,681,159,613.53 NA
Reverse Repurchase $ (290,450,000.00) $ (290,450,000.00) ($524,739.58)
TOTAL $ 29,044,799,049.30 $ 29,096,423,135.98 $ 121,414,136.4
Estimated Market Value Including Accrued Interest $ 29,217,837,272.40
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.
A
RCA OUTING SHEET
INITIATING CITY TREASURER
DEPARTMENT:
SUBJECT: Investment Report Summaries
COUNCIL MEETING DATE: September 15, 1997
RGA 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)
(Sign e d in full by the City Attorne 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 SSING.ATTACH�VIMENTS,
REVIEWED RETURNED; . FOR ° DED
Administrative Staff
Assistant City Administrator Initial
-City Administrator Initial
City Clerk
EXPLANATION FOR. RETURNOF ITEM.:
(Below - Only)
Council/Agency Meeting Held: 011 97
Deferred/Continued to: >J,
(B"Approved ❑ Conditionally Approved ❑ Denied nc yOC4 City Cle s Signature
Council Meeting Date: 8/04/97 Department ID Number: CT 97-009
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: JUNE INVESTMENT SUMMARY REVIEW
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 1997
pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
e��d per.
T�caoccisco -�--
Funding Source: Not applicable.
Recommended Action: Review monthly report. Following view of the report, by motion
of Council, accept the Monthly Investment Report for , 1997, pursuant to Section 17.0
of the Investment Policy of the City of Huntington Beach.
Alternative Action(): Deny or critique monthly report.
%QUEST FOR COUNCIL ACAN
MEETING DATE: 8/04/97 DEPARTMENT ID NUMBER: CT 97-009
Analysis: Not applicable.
Environmental Status: Not applicable.
Attachment(sl:
City Clerk's
Page Number
1.
Monthly Investment Report and Summary of Investments for June, 1997
0019719.01 -2- 07/23/97 1:31 PM
City of Huntington Beach
Summary of Investment Portfolio
Activity for June, 1997
Financial Information: Increase
May June (Decrease)
End of month City Portfolio Balance $77,278,683 $78,912,755 $1,634,072
Accrued Interest at Purchase $3,012 $60,091 $57,079
Interest Earned for Month $370,274 $363,713 ($6,561)
Earned Interest Yield Average 5.87% 5.86% -0.01%
Average Maturity ( in days) 334 316 -18
End of Month Market Value $77,297,179 $79,008,661 $1,711,482
End of month bank cash balance $1,737,000 $2,272,000 $535,000
Comparison to Budget: Increase
Budget Actual (Decrease)
Interest Earned for Month $275,000 $363,713 $88,713
Interest Earned Year to Date $2,475,000 $2,841,521 $366,521
Earned Interest Yield Year to Date 5.25% 5.73% 0.48%
Transaction Summary: Increase
May June (Decrease)
Number of Securities Purchased 22 24 2
Number of Securities Matured/Sold 23 22 -1
Summary by Individual Investment:
Days Int.
June % of Total Policy Limit to Mat. Rate
Repurchase Agreements $6,700,000 8% None 1 5.52%
Bankers Acceptances $2,926,027 4% 25% 91 5.77%
Federal Agency Issues $25,479,843 32% None 839 6.30%
Local Agency Inv. Fund (LAIF) $28,881,562 37% $40 Million 1 5.67%
Medium Term Notes $7,029,608 9% 20% 159 5.81%
Commercial Paper $5,896,306 7% 15% 88 5.68%
Treasury Securities $1,999,409 3% None 822 6.11%
Total $78,912,755 100%
07/23/1997 CITY OF HUNTINGTON BEACH PM - 1
PORTFOLIO MASTER SUMMARY CITY
JUNE 30, 1997 ACCRUAL
AVERAGE ---YIELD TO MATURITY---
PERCENT OF AVERAGE DAYS TO 360 365
INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT
------------------------------------------------------------------------------------------------------------------------------------
Repurchase Agreements........................$ 6,700,000.00 8.49 1 0 5.440 5.516
Bankers Acceptances..........................$ 2,926,026.94 3.71 160 91 5.694 5.773
Commercial Paper - Discount..................$ 5,896,305.84 7.47 113 88 5.600 5.678
Federal Agency Issues - Coupon...............$ 25,479,843.33 32.29 1,283 839 6.210 6.296
Local Agency Investment Funds................$ 28,881,561.55 36.60 1 1 5.589 5.667
Treasury Securities - Coupon.................$ 1,999,408.44 2.53 910 822 6.027 6.111
Medium Term Notes............................$ 7,029,608.44 8.91 534 159 5.728' 5.807
------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVERAGES.............$ 78,912,754.54 100.00% 500 316 5.805% 5.886%
CASH
Passbook/Checking Accounts...................$ 0.00 0.000 0.000
(not included in yield calculations)
Accrued Interest at Purchase.................$ 60,090.94
----------------------------------------------------------------------------
TOTAL CASH and PURCHASE INTEREST.............$ 60,090.94
TOTAL CASH and INVESTMENTS.................$ 78,972,845.48
MONTH ENDING FISCAL FISCAL
TOTAL EARNINGS JUNE 30 YEAR TO DATE YEAR ENDING
Current Year $ 363,712.51 $ 2,841,520.85
AVERAGE DAILY BALANCE $ 75,468,965.60 $ 66,268,113.36
EFFECTIVE RATE OF RETURN 5.86% 5.73%
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
S L. F ID ICH pooled investments and is in conformity with all State laws and the investment
CITY TREASURER policy statement filed with the City Council on Dec. 16, 1996. 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 estimated expenditures. Market Values provided by Sanwa Bank via the
Bond Buyer Company.
07/23/1997 CITY OF HUNTINGTON BEACH PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENT- CITY
JUNE 30, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
97-184 Sanwa Bank - Los Angeles 06/30/97 6,700,000.00 6,700,000.00 6,700,000.00 5.440 5.440 5.516 07/01/97 0
AVERAGES 5,650,000.00
BANKERS ACCEPTANCES
2779 BANK OF TOKYO 02/27/97 976,750.00 1,000,000.00 995,022.22 5.400 5.529 5.605 08/01/97 31
2792 First National Bank of Chic 06/27/97 972,756.11 1,000,000.00 972,534.72 5.510 5.664 5.743 12/22/97 174
2786 TOKYO-MITSUBISHI BANK 04/14/97 976,520.83 1,000,000.00 989,091.67 5.750 5.888 5.970 09/08/97 69
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 2,342,722.31 2,926,026.94 2,956,648.61
3,000,000.00 5.694 5.773 91
COMMERCIAL PAPER - DISCOUNT
2794 General Electric 06/30/97 984,569.44 1,000,000.00 984,569.44 5.500 5.586 5.664 10/09/97 100
2795 General Electric 06/30/97 984,416.67 1,000,000.00 984,416.67 5.500 5.587 5.665 10/10/97 101
2791 Internation Lease Fin. Corp 06/27/97 982,125.00 1,000,000.00 982,298.33 5.500 5.600 5.678 10/22/97 113
2788 Rose, Inc. 06/10/97 987,733.06 1,000,000.00 990,855.00 5.590 5.659 5.738 08/28/97 58
2780 SIGMA FINANCIAL CORP 02/28/97 973,300.00 1,000,000.00 991,010.00 5.340 5.486 5.563 08/27/97 57
2793 Sunbelt Dixie - Winn Dixie 06/27/97 984,161.67 1,000,000.00 984,627.50 5.590 5.680 5.759 10/07/97 98
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 2,609,473.26 5,896,305.84 5,917,776.94
6,000,000.00 5.600 5.678 88
FEDERAL AGENCY ISSUES - COUPON
2759 FEDERAL FARM CREDIT BANK 05/14/96 2,000,000.00 2,000,000.00 2,000,380.00 6.750 6.658 6.750 05/14/99 682
2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,989,375.00 5.180 5.109 5.180 08/26/98 421
2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 994,062.50 5.300 5.227 5.300 11/18/98 505
2754 Federal Home Loan Bank 04/23/96 3,000,000.00 3,000,000.00 3,000,939.00 7.000 6.904 7.000 04/23/01 1,392
2781 Federal Home Loan Bank 03/11/97 1,000,000.00 1,000,000.00 _ 1,000,000.00 6.060 5.977 6.060 09/11/98 437
2784 Federal Home Loan Bank 03/26/97 1,000,000.00 1,000,000.00 999,062.50 6.715 6.623 6.715 03/26/02 1,729
2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,017,500.00 6.990 6.894 6.990 05/17/01 1,416
2774 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 1,000,938.00 6.000 5.918 6.000 12/24/98 541
2775 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 1,000,938.00 6.000 5.918 6.000 12/24/98 541
2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,993,017.39 3,000,000.00 2,990,670.00 5.000 5.235 5.308 02/25/98 239
2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,OOb,000.00 1,000,000.00 998,690.00 6.210 6.125 6.210 03/24/99 631
2758 Fed. Nat-1 Mort. Assoc. 05/14/96 1,996,851.66 2,000,000.00 2,003,750.00 6.850 6.817 6.912 05/26/00 1,060
2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 1,004,390.00 6.870 6.776 6.870 06/01/01 1,431
2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,012,090.00 7.070 6.973 7.070 06/25/01 1,455
2785 Fed. Nat'l Mort. Assoc. 03/27/97 1,000,000.00 1,000,000.00 1,011,590.00 6.660 6.569 6.660 03/27/00 1,000
2789 Fed. Nat'l Mort. Assoc. 06/25/97 998,790.11 1,000,000.00 999,590.00 5.480 5.725 5.804 01/02/98 185
2790 Fed. Nat'l Mort. Assoc. 06/25/97 1,491,184.17 1,500,000.00 1,487,685.00 5.720 6.100 6.185 02/16/99 595
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 24,054,053.00 25,479,843.33 25,511,650.00
25,500,000.00 6.210 6.296 839
07/23/1997 CITY OF HUNTINGTON BEACH PM - 4
INVESTMENT PORTFOLIO DETAILS - CASH CITY
JUNE 30, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
Accrued Interest at Purchase 60,090.94
--------------------------------------------------------------------------------
TOTAL CASH $ 60,090.94
TOTAL CASH and INVESTMENTS $ 75,468,965.60 78,972,845.48
07/23/1997 CITY OF HUNTINGTON BEACH PM - 5
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYa CITY
JUNE 1, 1997 - JUNE 30, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
97-163 Sanwa Bank - Los Angeles 5.313 06/02/1997 7,500,000.00
97-164 Sanwa Bank - Los Angeles 5.250 06/02/1997 5,000,000.00
06/03/1997 5,000,000.00
97-165 Sanwa Bank - Los Angeles 5.250 06/03/1997 6,000,000.00
06/04/1997 6,000,000.00
97-166 Sanwa Bank - Los Angeles 5.250 06/04/1997 5,500,000.00
06/05/1997 5,500,000.00
97-167 Sanwa Bank - Los Angeles 5.250 06/05/1997 6,000,000.00
06/06/1997 6,000,000.00
97-168 Sanwa Bank - Los Angeles 5.125 06/06/1997 5,200,000.00
06/09/1997 5,200,000.00
97-169 Sanwa Bank - Los Angeles 5.250 06/09/1997 5,500,000.00
06/10/1997 5,500,000.00
97-170 Sanwa Bank - Los Angeles 5.188 06/10/1997 6,500,000.00
06/11/1997 6,500,000.00
97-171 Sanwa Bank - Los Angeles 5.188 06/11/1997 5,500,000.00
06/12/1997 5,500,000.00
97-172 Sanwa Bank - Los Angeles 5.250 06/12/1997 5,500,000.00
06/13/1997 5,500,000.00
97-173 Sanwa Bank - Los Angeles 5.250 06/13/1997 5,500,000.00
06/16/1997 5,500,000.00
97-174 Sanwa Bank - Los Angeles 5.375 06/16/1997 5,800,000.00
06/17/1997 5,800,000.00
97-175 Sanwa Bank - Los Angeles 5.250 06/17/1997 5,400,000.00
06/18/1997 5,400,000.00
97-176 Sanwa Bank - Los Angeles 5.188 06/18/1997 5,500,000.00
06/19/1997 5,500,000.00
97-177 Sanwa Bank - Los Angeles 5.188 06/19/1997 7,000,000.00
06/20/1997 7,000,060.00
97-178 Sanwa Bank - Los Angeles 5.125 06/20/1997 5,500,000.00
06/23/1997 5,500,000.00
97-179 Sanwa Bank - Los Angeles 5.188 06/23/1997 6,500,000.00
06/24/1997 6,500,000.00
97-180 Sanwa Bank - Los Angeles 5.125 06/24/1997 6,000,000.00
06/25/1997 6,000,000.00
97-181 Sanwa Bank - Los Angeles 5.250 06/26/1997 6,500,000.00
06/27/1997 6,500,000.00
97-182 Sanwa Bank - Los Angeles 5.250 06/25/1997 6,500,000.00
06/26/1997 6,500,000.00
97-163 Sanwa Bank - Los Angeles 5.188 06/27/1997 4,000,000.00
06/30/1997 4,000,000.00
97-184 Sanwa Bank - Los Angeles 5.440 06/30/1997 6,700,000.00
01/23/1997 CITY OF HUNTINGTON BEACH PM - 6
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TY, CITY
JUNE 1, 1997 - JUNE 30, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
SUBTOTALS and ENDING BALANCE 121,600,000.00 122,400,000.00 6,700,000.00
BANKERS ACCEPTANCES
2792 First National Bank of Chicago 5.510 06/27/1997 972,756.11
2778 FUJI BANK 5.460 06/09/1997 974,065.00
SUBTOTALS and ENDING BALANCE 972,756.11 974,065.00 2,926,026.94
COMMERCIAL PAPER - DISCOUNT
2777 WALT DISNEY CO 5.230 06/20/1997 974,140.56
2794 General Electric 5.500 06/30/1997 984,569.44
2795 General Electric 5.500 06/30/1997 984,416.67
2791 Internation Lease Fin. Corp. 5.500 06/27/1997 982,125.00
2788 Rose, Inc. 5.590 06/10/1997 987,733.06
2793 Sunbelt Dixie - Winn Dixie 5.590 06/27/1997 984,161.67
SUBTOTALS and ENDING BALANCE 4,923,005.84 974,140.56 5,896,305.84
FEDERAL AGENCY ISSUES - COUPON
2764 Federal Home Loan Mort Corp 7.470 06/18/1997 1,000,000.00
2789 Fed. Nat'l Mort. Assoc. 5.480 06/25/1997 998,750.00
2790 - Fed. Nat'l Mort. Assoc. 5.720 06/25/1997 1,491,093.75
SUBTOTALS and ENDING BALANCE 2,489,843.75 1,000,000.00 25,479,843.33
LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary)
2206 LAIF-Redevelopment Agency 5.667 3,000,000.00 28,881,561-.55
TREASURY SECURITIES - COUPON
1,999,408.44
MEDIUM TERM NOTES
7,029,608.44
------------------------------------------------------------------------
TOTALS 129,985,605.70 128,348,205.56 78,912,754.54
07/23/1997 PM - 7
CITY OF HUNTINGTON BEACH CITY
INVESTMENT ACTIVITY SUMMARY ACCRUAL
OCTOBER 1996 through JUNE 1997
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
-------------------------------------------------------------------------------------------------------------------
October 96 27 55,915,357.08 5.822 5.903 5.601 25 24 628 475
November 96 27 54,815,162.80 5.815 5.895 5.599 18 18 641 466
December 96 32 69,689,082.72 5.755 5.835 5.574 27 22 535 385
January 97 29 65,400,483.10 5.799 5.880 5.583 16,12/ 23 557 393
February 97 31 66,864,621.68 5.765 5.845 5.575 114-071L 19 548 375
March 97 35 67,893,588.14 5.848 5.930 5.580 a� 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 .�,Z 23 516 334
June 97 39 78,912,754.54 5.805 5.886 5.667 J 9/ 24 500 316
------------------------------------------------------------ --------------------------------------
AVERAGES 32 $ 68,037,114.45 5.801% 5.883% 5.603% }O��T 22 567 395
07/23/1997 PM - 8
CITY OF HUNTINGTON BEACH CITY
DISTRIBUTION OF INVESTMENTS BY TYPE
OCTOBER 1996 through JUNE 1997
MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------
END YEAR RPA SCD BAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MCI MDI PA1 GN1
------------------------------------------------------------------------------------------------------------------------------------
October 96 4.1 3.5 3.5 37.5 37.0 1.8 12.6
November 96 4.9 3.6 3.6 38.3 35.1 1.8 12.8
December 96 6.2 2.8 5.6 33.0 39.5 1.4 11.5
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
----------------------------------------------------------------------------------------------------------------------
AVERAGES 5.9% 3.7% 4.4% 34.9% 38.9% 1.0% 0.9% 10.3%
--------------
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 - Mutual Funds / Passbook
GN1 - Mortgage Backed Securities
State of California
Pooled Money Investment Account
Market Valuation
6/30/97
• ! y
y `�;� •..rya" Rr S y l�3.t ' r A � w.��
United States Treasury:
Bills $ 1,041,668,722.06 $ 1,056,304,000.00 NA
Strips $ 121,604,450.00 $ 1'..49,197,250.00 NA
Notes $ 5,698,041,788.72 $ 5,656,300,520.00 $ 71,566,162.89
Federal Agency:
Bonds $ 1,050,237,767.30 $ 1,046,987,493.00 $ 15,889,477.20
Floaters $ 219,985,164.30 $ 220,105,900.00 $ 1,335,939.25
MBS $ 153,052,243.97 $ 149,826,387.76 $ 903,900.42
GNMA $ 2,986,973.21 $ . 3,369,498.90 $ 28,894.07
SBA $ 221,982,913.10 $ 225,163,419.80 $ 2,221,672.87
FNLMC PC $ 28,778,895.83 $ 30,766,627,72 $ 462,269.19
Discount Notes $ 207,519,861.12 $ 207,625,400.00 NA
Bankers Acceptances $ 870,394,947.17 $ 871,718,267.43 NA
Corporate:
Bonds $ 1,154,327,539.82 S 1,151,497,919.28 $ 21,532,411.13
Floaters $ 415,562,370.50 $ 415,826,607.50 $ 3,187,941.72
CDs $ 6,832,539,700.23 $ 6,831,485,125.11 $ 4,332,027.79
Bank Notes $ 949,074,047.00 $ 948,889,254.93 $ 755,638.89
Repurchase Agreements $ 29,495,000.00 $ :29,495,000.00 NA
Time Deposits $ 560,295,000.00 $ 560,295,000.00 NA
AS 55&GF Loans $ 2,175,095,475.00 $ 2,175,095,475.00 NA
Commercial Paper $ 6,782,755,888.15 $ 6,7,,85,492,649.26 NA
Reverse Repurchase $ - $ - $0.00
TOTAL $ 28,515,398,747.48 $ 28,515,231,996.69 $ 122,216,335.43
Estimated Market Value including Accrued Interest $ 28,637,448,331.12
Repurchase Agreements, Time Deposits, AB 55&General Fund loans, and
Reverse Repurchase agreements are carried at portfolio gook value(cariyingcost).
Certificates of Deposit(CDs), Bank Notes(BNs), and Commercial Paper:(CN) 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.
RECEIVED FROM T E
AND MADE A PART OF HE RE OR AT HE
COUNCIL MEETING OF
OFFICE OF THE CITY CLERK
CONNIE BROCKWAY,CITY CLERK
I IT �
I I o ice':" 1 o f
Treasurer's Report-.Shad L Freidendch, CPA
$65M. $79M .
100°ia
70% ii 11 TreasuHes
60",6` - P■Med Notes
60%: - Ii p LAIF
40% ?p Fed Ag_
30%. - -ii CP
20°An - !0 BA
106/6
0% I`:O Repur.
Nov-94' Jun-96 Slide 2
e,
Treasurer's Report-Shari L.Freldenrich, CPA _
OG 1 !ntr> rl" t YAWr�J@_ IrF§fU.J
oLf�wcgnaw_'ZIo IAIF
_700 573
6.00 6.70 6.70 . 6.424.
• 5.00-
4.00 .
3.00.
2.00
1.00 :
0.00 .11
Jun:96 Sep-96.. Doe-SO Mar-97 Jun-97
mantt
Side
Treasurer's Report-_Shari L Freidenrich, CPA
Fw
jig
r1fl 1fJG7 l� )f1'1JfffJJ 1Jf� Jun'a 19 P
Description
Balance_ $77,278,683- $781912,514 ...$1,634,072
Interest /Month . : $370,274 $363,713 $(6,561)
'Interest.Yield 5 87"k 5.86% (0.01)%
Avg Maturity I Days 334 . 316 (18)
End of Month
Ca§h•Balance $1,737,000 $2,272,000 $535,000
Slide 4
i
a errs Report-.Shari L.Freidenrkh, CPA
1 1u o lUJAIJ Inveatmefft JUne 1. 9q j
{ Investment Type Portfolio Percent Policy Limit
Repurchase Agree. =8% None
Banker Acceptances. -4% 25%
.Federal Agcy.:-Issues- 32°!. _ None
e LAIF. 529 M "40 M �
Med Term Notes 9% 2Q _
_%
Commercial Paper T% 15 0
-; US Treasuries 3% o e
�F
e
rei'sRe art-Shan L.Fr+eidenrich,CPA
( 11L �� 10
x .
a —d
LAW
Agency
Issues 37%
s'
Medium,Tejmm �
Banker
Not
es
— f=_
i t =
Y
Tr
K
N
Treasurer's Report Shari L..Freidenrich,:CPA
o, o gO 6
50,�: _. " , `: ❑ti pay.
❑2=T66 pays
40"h
30% 18% ❑1 1.6 Yr.
20% `- 11QiG 6%-'7% 3%,9% Q 7.5-2_Yr
❑2---3 Yr.
1.0% N3_4Yr.
0% ❑4-5Yr.
Treasurer's Report -Shari L.�-Freidenrich.CPA
jai
&V lowb
S3,000;000- _
Juh9T „_:Aug97 . Sep 97
- Slide 8
Treasurer's Report Shad L.�Frr WfiiichCPA
0r ` � ►r w
to 5$4�0 5 T5°fo ❑1 Day
6 00"k3�° ❑2180 Days.
5 00°yb Yr.
;¢00%
❑1 .1 Yr
100g6 ■1 r5-2 Yr.~
Y20Q% ❑2 3Yr.
7 00%
:000°10 . ■3-4Yr.
June 04--5Yr.
Treasurer's Report-,SharrL`•Freidenrich,CPA
Bank-Reconciliation `
:Recommendation fo City Council
Council/Agency Meeting Held:
Deferred/Continued to: p�,`�
VApproved ❑ Conditionally Approved ❑ Denied & / City Cle 's Signature
Council Meeting Date: 7/21/97 Department ID Number: CT 97-008
�plts.6.uQ.� rnt90. SwC.)
CI F UNTINGTON BEACH dK
REQUEST FOR COUNCIL ACTION w4, it,%a.cat,
SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS
SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer
PREPARED BY: SHARI L. FREIDENRICH, City Treasurer
SUBJECT: MAY INVESTMENT SUMMARY REVIEW
Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,
Attachment(s)
11 Al
Statement of Issue: Review and accept the monthly investment report for May, 1997
pursuant to Section :17.0 of the Investment Policy of the City of Huntington Beach.
Funding Source: Not applicable.
Recommended Action: Review monthly report. Following review of the report, by motion
of Council, accept the Monthly Investment Report for May, 1997, pursuant to Section 17.0 of
the Investment Policy of the City of Huntington Beach.
Alternative Action(s): Deny or critique monthly report.
C-C
RtQUEST FOR COUNCIL ACTION
MEETING DATE: 7/21/97 DEPARTMENT ID NUMBER: CT 97-008
Analysis: Not applicable.
Environmental Status: Not applicable.
.-Attachment Us :
City Clerk's
Page Number
Monthly Investment Report and Summary of Investments for May, 1997
0025862.01 -2- 06/26/97 3:11 PM
City of Huntington Beach
Summary of Investment Portfolio
Activity for May, 1997
Financial Information: Increase
April May (Decrease)
End of month City Portfolio Balance $75,5641297 $77,278,683 $11714,386
Accrued Interest at Purchase $3,012 $3,012 $0
Interest Earned for Month $344,701 $370,274 $25,573
Earned Interest Yield Average 5.94% 5.87% -0.07%
Average Maturity ( in days) 377 334 -43
End of Month,Market Value $75,541,082 $77,297,179 $1,756,097
End of month bank cash balance $1,804,000 $1,737,000 ($67,000)
Comparison to Budget: Increase
Budget Actual (Decrease)
Interest Earned for Month $275,000 $370,274 $95,274
Interest Earned Year to Date $21200,000 $2,477,537 $277,537
Earned Interest Yield Year to Date 5.25% 5.71% 0.46%
Transaction Summary: Increase
April May (Decrease)
Number of Securities Purchased 26 22 -4.
Number of Securities Matured/Sold . 23 23 0
Summary by'lndividual Investment:
Days Int.
May. % of Total Policy Limit to Mat. Rate
Repurchase Agreements $7,500,000 10% None 1 5.39%
Bankers Acceptances $2,927,336 4% 25% 56 5.75%
Federal Agency Issues $23,988,903 31% None 937 6.37%
Local Agency Inv. Fund (LAIF) $31,881,562 41% $40 Million 1 5.63%
Medium Term Notes $7,034,112 9% 20% 189 5.81%
Commercial.Paper $1,947,441 2% 15% 53 5.50%
Treasury Securities $1,999,329 3% None 852 6.11%
Total $77,278,683 100%
06/25/1997 CITY OF HUNTINGTON BEACH PM - 1
PORTFOLIO MASTER SUMMARY CITY
MAY 31, 1997 ACCRUAL
AVERAGE ---YIELD TO MATURITY---
PERCENT OF AVERAGE DAYS TO 360 365
INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT
------------------------------------------------------------------------------------------------------------------------------------
Repurchase Agreements........................$ 7,500,000.00 9.71 3 1 5.312 5.386
Bankers Acceptances..........................$ 2,927,335.83 3.79 158 56 5.674 5.753
Commercial Paper - Discount..................$ 1,947,440.56 2.52 179 53 5.428 5.503
Federal Agency Issues - Coupon...............$ 23,988,903.47 31.04 1,393 937 6.286 6.373
Local Agency Investment Funds................$ 31,881,561.55 41.26 1 1 5.557 5.634
Treasury Securities - Coupon.................$ 1,999,329.05 2.59 910 852 6.027 6.111
Medium Term Notes............................$ 7,034,112.55 9.10 534 189 5.728 5.807
------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVERAGES.............$ 77,278,683.01 100.00% 516 334 5.788% 5.869%
CASH
Passbook/Checking Accounts...................$ 0.00 0.000 0.000
(not included in yield calculations)
Accrued Interest at Purchase.................$ 3,011.50
----------------------------------------------------------------------------
TOTAL CASH and PURCHASE INTEREST.............$ 3,011.50
TOTAL CASH and INVESTMENTS.................$ 77,281,694.51
MONTH ENDING FISCAL FISCAL
TOTAL EARNINGS MAY 31 YEAR TO DATE YEAR ENDING
Current Year $ 370,274.44 $ 2,477,537.18
AVERAGE DAILY BALANCE $ 74,288,453.41 $ 65,132,205.67
EFFECTIVE RATE OF RETURN 5.871; 5.71%
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
SH
AX. FPE DENRICH pooled investments and is in conformity with all State laws and the investment
CITY 6z4aER policy statement filed with the City Council on Dec. 16, 1996. A copy of this
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 estimated expenditures. Market Values provided by Sanwa Bank via the
Bond Buyer Company.
t s
06/25/1997 CITY OF HUNTINGTON BEACH PM - 2
IESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
97-163 Sanwa Bank - Los Angeles 05/30/97 7,500,000.00 7,500,000.00 7,500,000.00 5.313 5.313 5.386 06/02/97 1:
AVERAGES 3,251,612.90
BANKERS ACCEPTANCES
2779 BANK OF TOKYO 02/27/97 976,750.00 1,000,000.00 990,165.00 5.400 5.529 5.605 08/01/97 61
2778 FUJI BANK 12/20/96 974,065.00 1,000,000.00 998,461.11 5.460 5.605 5.683 06/09/97 8
2786 TOKYO-MITSUBISHI BANK 04/14/97 976,520.83 1,000,000.00 984,176.67 5.750 5.888 5.970 09/08/97 99
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 2,927,335.83 2,927,335.83 2,972,802.78
3,000,000.00 5.674 5.753 56
COMMERCIAL PAPER - DISCOUNT
2777 WALT DISNEY CO 12/24/96 974,140.56 1,000,000.00 996,762.50' 5.236 5.369 5.443 06/20/97 19
2780 SIGMA FINANCIAL CORP 02/28/97 973,300.00 1,000,000.00 986,180.28 5.340 5.486 5.563 08/27/97 87
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 2,073,955.83 1,947,440.56 1,982,942.78
2,000,000.00 5.428 5.503 53
FEDERAL AGENCY ISSUES - COUPON
2759 FEDERAL FARM CREDIT BANK 05/14/96 2,000,000.00 2,000,000.00 2,002,180.00 6.750 6.658 6.750 05/14/99 712
2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,983,750.00 5.180 5.109 5.180 08/26/98 451
2735 Federal Home Loan Bank 11/18/93 1,000,000.00 .1,000,000.00 990,625.00 5.300 5.227 5.300 11/18/98 535
2754 Federal Home Loan Bank 04/23/96 3,000,000.00 3,000,000.00 2,991,562.50 7.000 6.904 7.000 04/23/01 1,422
2781 Federal Home Loan Bank 03/11/97 1,000,000.00 1,000,000.00 997,187.50 6.060 5.977 6.060 09/11198 467
2784 Federal Home Loan Bank 03/26/97 1,000,000.00 1,000,000.00 988,437.50 6.715 6.623 6.715 03/26/02 1,759
2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 1,998,750.00 6.990 6.894 6.990 05/17/01 1,446
2764 Federal Home Loan Mort Corp 06/18/96 1,000,000.00 1,000,000.00 1,000,000.00 7.470 7.368 7.470 06/18/01 1,478
2774 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 997,500.00 6.000 5.918 6.000 12/24/98 571
2775 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 997,500.00 6.000 5.918 6.000 12/24/98 571
2751 Fed. Nat"1 Mort. Assoc. 02/29/96 2,992,140.91 3,000,000.00 2,984,670.00 5.000 5.235 5.308 02/25/98 269
2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,000,000.00 1,000,000.00 995,590.00 6.210 6.125 6.210 03/24/99 661
2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,996,762.56 2,000,000.00 2,000,626.00 6.850 6.817 6.912 05/26/00 1,090
2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 994,890.00. 6.870 6.776 6.870 06/01/01 1,461
2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,002,790.00 7.070 6.973 7.070 06/25/01 1,485
2785 Fed. Nat'l Mort. Assoc. 03/27/97 1,000,000.00 1,000,000.00 1,002,990.00 6.660 6.569 6.660 03/27/00 1,630
----------------- -------------- -------------- -------------- ------ ------ -----
SUBTOTALS and AVERAGES 25,215,252.83 23,988,903.47 23,929,048.50
24,000,000.00 6.286 6.373 937
LOCAL AGENCY INVESTMENT FUNDS
932 Laif City 17,183,565.19 17,183,565.19 17,183,565.19 5.634 5.557 5.634 1
2206 LAIF-Redevelopment Agency 14,697,996.36 14,697,996.36 14,697,996.36 5.634 5.557 5.634 1
2703 Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 0.001 1
06/25/1997 CITY OF HUNTINGTON BEACH PM - 3
.VESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
------------------------------ ---------------------------------------------------------------------------------------------------
LOCAL AGENCY INVESTMENT FUNDS
2703-A Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 0.001 1
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 31,784,787.36 31,881,561.55 31,881,561.55
31,881,561.55 5.557 5.634 1
TREASURY SECURITIES - COUPON
2783 UNITED STATES TREASURY 03/17/97 999,702.09 1,000,000.00 996,562.50 6.500 6.418 6.507 08/31/01 1,552
2787 UNITED STATES TREASURY 04/23/97 999,626.96 1,000,000.00 999,531.25 5.625 5.637 5.715 10/31/97 152
----------------- -------------- -------------- -------------- ------- ------ ------
SUBTOTALS and AVERAGES 1,999,289.36 1,999,329.05 1,996,093.75
2,000,000.00 6.027 6.111 852
MEDIUM TERM NOTES
2748 AT&T 02/22/96 2,000,032.15 2,000,000.00 1,999,180.00 5.350 5.340 5.414 08/12/97 72
2750 AT&T 02/26/96 999,876.02 1,000,000.00 995,690.00 5.410 5.427 5.503 01/30/98 243
2763 FORD MOTOR CORP. 05/07/96 1,007,950.00 1,000,000.00 1,011,490.00 8.000 6.329 6.417 12/01/97 183
2773 General Electric 12/24/96 1,013,116.64 1,000,000.00 1,014,190.00 8.000 5.711 5.790 01/15/98 228
2782 General Electric 03/04/97 1,010,625.11 1,000,000.00 1,009,090.00 7.000 5.632 5.711 03/24/98 296
2756 US LIFE CORP O5/07/96 1,002,512.63 1,000,000.00 1,005,090.00 6.750 6.310 6.398 01/15/98 228
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 7,036,219.30 7,034,112.55 7,034,730.00
7,000,000.00 5.728 5.807 189
-----------------------------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVG. $ 77,278,683.01 77,297,179.36
74,288,453.41 17,381,561.55 5.788% 5.869% - 334
06/25/1997 CITY OF HUNTINGTON BEACH PM - 4
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
Accrued Interest at Purchase 3,011.50
--------------------------------------------------------------------------------
TOTAL CASH $ 3,011.50
TOTAL CASH and INVESTMENTS $ 74,288,453.41 77,281,694.51
06/25/1997 CITY OF HUNTINGTON BEACH PM - 5
.TFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
MAY 1, 1997 - MAY 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
97-142 Sanwa Bank - Los Angeles 5.375 05/01/1997 5,800,000.00
97-143 Sanwa Bank - Los Angeles 5.313 05/01/1997 6,000,000.00
05/02/1997 6,000,000.00
97-144 Sanwa Bank - Los Angeles 5.188 05/02/1997 2,900,000.00
05/05/1997 2,900,000.00
97-145 Sanwa Bank - Los Angeles 5.188 05/05/1997 1,000,000.00
05/06/1997 1,000,000.00
97-146 Sanwa Bank - Los Angeles 5.188 05/06/1997 1,500,000.00
05/07/1997 1,500,000.00
97-147 Sanwa Bank - Los Angeles 5.250 05/07/1997 1,000,000.00
05/08/1997 1,000,000.00
97-148 Sanwa Bank - Los Angeles 5.313 05/08/1997 1,000;000.00
05/09/1997 1,000,000.00
97-149 Sanwa Bank - Los Angeles 5.250 05/09/1997 2,000,000.00
05/12/1997 2,000,000.00
97-150 Sanwa Bank - Los Angeles 5.250 05/12/1997 2,000,000.00
05/13/1997 2,000,000.00
97-151 Sanwa Bank - Los Angeles 5.188 05/13/1997 1,200,000.00
05/14/1997 1,200,000.00
97-152 Sanwa Bank - Los Angeles 5.188 05/14/1997 1,000,000.00
05/15/1997 1,000,000.00
97-153 Sanwa Bank - Los Angeles 5.375 05/15/1997 2,500,000.00
05/16/1997 2,500,000.00
97-154 Sanwa Bank - Los Angeles 5.188 05/16/1997 2,000,000.00
05/19/1997 2,000,000.00
97-155 Sanwa Bank - Los Angeles 5.250 05/19/1997 1,800,000.00
05/20/1997 1,800,000.00
97-156 Sanwa Bank - Los Angeles 5.250 05/20/1997 2,800,000.00
05/21/1997 2,800,000.00
97-157 Sanwa Bank - Los Angeles 5.125 05/21/1997 4,800,000.00
05/22/1997 4,800,000.00
97-158 Sanwa Bank - Los Angeles 5.188 05/22/1997 5,000,000.00
05/23/1997 5,000,000.00
97-159 Sanwa Bank - Los Angeles 5.188 05/23/1997 5,000,000.00
05/27/1997 5,000,000.00
97-160 Sanwa Bank - Los Angeles 5.188 05/27/1997 5,000,000.00
05/28/1997 5,000,000.00
97-161 Sanwa Bank - Los Angeles 5.250 05/28/1997 4,500,000.00
05/29/1997 4,500,000.00
97-162 Sanwa Bank - Los Angeles 5.188 05/29/1997 4,000,000.00
05/30/1997 4,000,000.00
97-163 Sanwa Bank - Los Angeles 5.313 05/30/1997 7,500,000.00
06/25/1997 CITY OF HUNTINGTON BEACH PM - 6
:FOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
MAY 1, 1997 - MAY 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
SUBTOTALS and ENDING BALANCE 64,500,000.00 62,800,000.00 7,500,000.00
BANKERS ACCEPTANCES
2,927,335.83
COMMERCIAL PAPER - DISCOUNT
2776 General Electric 5.320 05/05/1997 980,493.33 1,947,440.56
FEDERAL AGENCY ISSUES- COUPON
2757 Federal Home Loan Mort Corp 6.800 05/20/1997 2,001,652.97 23,988,903.47
'LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary)
2206 LAIF-Redevelopment Agency 5.634 3,000,000.00 31,881,561.55
TREASURY SECURITIES - COUPON
1,999,329.05
MEDIUM TERM NOTES
7,034,112.55
------------------------------------------------------------------------
TOTALS 67,500,000.00 65,782,146.30 77,278,683.01
06,E -,997 PM - 7
CITY OF HUNTINGTON BEACH CITY
INVESTMENT ACTIVITY SUMMARY ACCRUAL
OCTOBER 1996 through MAY 1997
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
--------^---------------------------------------------------------------------------------------------------------
October 96 27 55,915,357.08 5.822 5.903 5.601 25 24 628 475
November 96 27 54,815,162.80 5.815 5.895 5.599 18 18 641 466
December 96 32 69,689,082.72 5.755 5.835 5.574 27 22 535 385
January 97 29 65,400,483.10 5.799 5.880 5.583 -18' 23 557 393
February 97 31 66,864,621.68 5.765 5.845 5.575 X o? 19 548 375
March 97 35 67,893,588.14 5.848 5.930 5.580 _,fi 22 619 432
April 97 36 75,564,297.01 5.823 5.904 5.612 ,a- ,�Gj 23 558 377
May 97 34 77,278,683.01 5.788 5.869 5.634 -,1- 23 516 334
---------------------------------------------------------------------------------------------------
AVERAGES 31 $ 66,677,659.44 5.801% 5.883% 5.595% fD��3 22 575 405
i
State of California
Pooled Money Investment Account
Market Valuation
5/31/97
Description:; Carrying Cost:Plus
- Estimated:. : . ;..
Accrued Interest Purch. Market Value Accrued-'interest
United States Treasury:
Bills $ 1,067,730,791.34 $ 1,096,178,250.00 NA
Strips $ 121,604,450.00 $ 148,487,500.00 NA
Notes $ 5,487,892,529.99 $ 5,441,516,330.00 $ 77,631,499.89
Federal Agency:
Bonds $ 908,789,860.09 $ 904,997,709.80 $ 15,397,197.00
Floaters $ 219,985,164.30 $ 220,110,200.00 $ 1,997,993.75
MBS $ 154,420,206.72 $ 150,175,187.85 $ 912,099.64
GNMA $ 3,016,832.73 $ 3,377,800.24 $ 29,204.41
SBA $ 218,776,049.01 $ 221,538,091.29 $ 2,188,324.94
FHLMC PC $ 29,248,420.93 $ 31,286,775.48 $ 469,827.72
Discount Notes $ 262,702,244.45 $ 274,018,236.80. NA
Bankers Acceptances $ 533,829,736.40 $ 533,900,918.18 NA
Corporate:
Bonds $ 1,324,342,828.12 $ 1,320,515,595.10 $ 23,016,837.10
Floaters $ 425,561,466.77 $ 425,550,440.00 $ 3,482,715.17
CDs $ 7,847,153,751.53 $ 7,846,347,363.11 $ 9,257,630.28
Bank Notes $ 781,020,449.70 $ 781,017,290.67 $. 496,270.83
Repurchase Agreements $ 35,600,000.00 $ 35,600,000.00 NA
Time Deposits $ 517,795,000.00 $ 517,795,000.00 NA
AB 55 & GF Loans $ 2,031,654,839.00 $ 2,031,654,839.00 NA
Commercial Paper $ 8,177,474,690.88 $ 8,180,137,563.09 NA
Reverse Repurchase $ 299,942,000.00 $ 299,942,000.00 $951,459.38
TOTAL $ 29,848,657,311.96 $ 29,864,263,090.61 $ 133,928,141.35
Estimated Market Value Including Accrued Interest $ 29,998,191,231.97
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 Report Summaries
COUNCIL MEETING DATE: July 21, 1997
............ . _.... .. ..... ........ .. ........... . ... ...... ........ ........ ........ ........ ._......_
M T- STSTR AU 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::
V RW RD. EDO . ED
Z
Administrative Staff ( ) ( )
Assistant City Administrator (Initial) ( ) )
City Administrator (Initial) ( ) )
City Clerk ( )
. ....... ......
_... ....... . ........ _ . . _ . ..... ........ ......... ........ ......_. .. ..... ........ ..........
EXPLANATION FOR RETURN OF ITEM
Only)(Below Space For City Clerk's Use
a _
RE, ED FROM
AND MADE A PART OF T14E RECORD AT THE
COUNCIL MEETING OF- "d✓'S7
OFFICE OF THE CITY CLERK
CONNIE BROCKWAY,CITY CLERK
k�
.J
t-
t✓ Ir
Treasurer's.Report-Shad L.Freidendch, CPA
Goodie ftlences by Type on Millions
$62M $77M
80
.:70 .., p TT
60 1,
!■Mod Notes!!
so I
❑LAIF
D
30 40 -
:Fed Ag I
ZO ,:MCP
ci BA
10 i ®Kaput. i
0
May-96 Aug-96 Nov-96 Feb-97 May-97 Slide 2
1
Treasurer's Report-Shari L.Fr!eidenrich, CPA
❑. L� f s- ■ Actual — LAIF j
-
8.00 -
7A0 - 5.82 5.89 5.86 5.71
- 6.00 5.56 5.64 5.39 5.36 5.405
5.00
4 00
3.00
2w
1.00
0.00.
May Aug Nov Feb _May .
Month
Slide 3 y
I
Treasurer's Report--Shari L.Freidenrich, CPA i
-Fjrn�r�r �irj
FinandaI.Iniornation: May 1997
Description April May Increase
t - -
Balance $75,564,297 $77,278,683 $1,714,386
Interest /Month $344,701 $370,274 $25,573
Interest Yield 5.94% 5.870/6 (0.07)%
Avg Maturity/Days 377 334 . (43)
End of Month
-Cash Balance $1,804,000 $1,737,000 $(67,000)
Slide 4
2
Vurer's Report-Shari L.Freidenrich, CPA
Rini rllrlril.�l` rf �tl`f :�Strl rl� rJ r r�li�
indMdualInves nts: May 1997 �
PortfolioInvestment Type Percent
Repurchase Agree. 10% None
Banker Acceptances 4% 25%
Federal Agcy. Issues 31% None
LAIF 41% $40 M
Med Term Notes 9% 20%
Commercial Paper 2% 15%
US Treasuries 3%_ None Side 5=-'
Treasurer's Report-Shari L.Freidenrich, CPA
i
F; f1 r 1Y,�
Percentage of Total
Federal
Agency LAW
Issues 41%
de ra,
en cy
su es
Ocom,Lper medium T
Rer
Accep I"RE �Otes.10
TreaWry Sec.
11 Agreement
Slide 6t t=
3
L
Treasurer's Report Shari L.Freidenrich, CPA
50% : 41% ❑1 Day
0 2-180 Days
40%
■.5-1 Yr.
30% 20°� ■1 Ct Yr.- .
20% ® 10%5% 6% 40/6 7% 7%° ®1 5-2 Yr.
❑2-3Yr -
10% ' ■3e. 4Yr_
0°/ ❑4=5Yr.
- srde
f
reasurer's Report-'Shari L.freidenrich, CPA
�111`..r`1� rr'ift1: r�;� �ltl
E3,000,000
•($2,000,000).^ � _�- ($26,518).-
($7,000,000)
i ($1Z000,000)
1 (S17,000,000)($2210001wo) YAM
(:21,509,116 " �F
Jum07 JuW7 Aug.87= Ssp` 7
"IS(ide 8
4
Treasurer's Report-Shari L Freidenrich, CPA
fIt
rI1�1I1J'l�/�J� I`�J/
° 5.58% • ° ■1 Da
7.00/o . y
I 6.00% 6.35% ❑2-180 Days
5.00% ■.5.-1 Yr.
4.00% ❑1 -1.5 Yr.
3.000 ■1.5 2 Yr.
2.00% ❑2=3 Yr.
0.00% - - - ---
1111113 4-Yr.
6.65% May ❑4-5 Yr. lide 9
Treasurer's Report-Shari L.Frleidenrich, CPA
i
_ -Recommendation to City Council
Slide 10
5
Council/Agency Meeting Held: �� 6(,�27
Deferred/Continued to:
f]'A proved ❑ Conditional) Appr ved ❑ Denied City erk's Signature
Council Meeting Date: 6/16/97 Department ID Number: CT 97-007
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: APRIL INVESTMENT SUMMARY REVIEW
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, 1997
pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
Funding Source: Not applicable.
Recommended Action: Review monthly report. Following review of the report, by motion
of Council, accept the Monthly Investment Report for April, 1997, pursuant to Section 17.0 of
the Investment Policy of the City of Huntington Beach.
Alternative Action(s): Deny or critique monthly report.
a
'z
or,�fi
rrm
.icnrn
=en
r.
y
�� T
REQUEST FOR COUNCIL ACTION
MEETING DATE: 6/16/97 DEPARTMENT ID NUMBER: CT 97-007
Analysis: Not applicable.
Environmental Status: Not applicable.
Attachment(sl:
City Clerk's
Page Number
............... - ... ...
Monthly Investment Report and Summary of Investments for April, 1997
0019719.01 -2- 06/03/97 12:06 PM
ATTACHMENT # 1
r
City of Huntington Beach
Summary of Investment Portfolio
Activity for April 1997
Financial]nformation: Increase
March April (Decrease)
End of month City Portfolio Balance $67,893,588 $75,564,297 $7,670,709
Accrued Interest at Purchase $3,012 $3,012 $0
Interest Earned for Month $327,556 $344,701 $17,145
Earned Interest Yield Average 5.87% 5.94% 0.07%
Average Maturity ( in days) 432 377 -55
End of Month Market Value $67,768,119 $75,541,082 $7,772,963
End of month bank cash balance $906,384 $1,804,000 $897,616
Comparison to Budget: Increase
Budget Actual (Decrease)
Interest Earned for Month $275,000 $344,701 $69,701
Interest Earned Year to Date $1,100,000 $2,175,763 $1,075,763
Earned Interest Yield Year to Date 5.25% 5.87% 0.62%
Transaction Summary: Increase
March April (Decrease)
Number of Securities Purchased 26 26 0
Number of Securities Matured/Sold 22 23 1
Summary by Individual Investment:
Days Int.
April % of Total Policy Limit to Mat. Rate
Repurchase Agreements $5,800,000 8% None 1 5.45%
Bankers Acceptances $2,927,336 4% 25% 87 5.75%
Federal Agency Issues $25,989,602 34% None 951 6.40%
Local Agency Inv. Fund (LAIF) $28,881,561 38% $40 Million 1 5.61%
Medium Term Notes $7,038,617 9% 20% 220 5.81%
Commercial Paper $2,927,934 4% 15% 57 5.50%
Treasury Securities $1,999,247 3% None 883 6.11%
Total $75,564,297 100%
05/20/1997 CITY OF HUNTINGTON BEACH PM - 1
PORTFOLIO MASTER SUMMARY CITY
APRIL 30, 1997 ACCRUAL
AVERAGE ---YIELD TO MATURITY---
PERCENT OF AVERAGE DAYS TO 360 365
INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT
------------------------------------------------------------------------------------------------------------------------------------
Repurchase Agreements........................$ 5,800,000.00 7.68 1 0 5.375 5.450
Bankers Acceptances..........................$ 2,927,335.83 3.87 158 87 5.674 5.753
Commercial Paper - Discount..................$ 2,927,933.89 3.87 163 57 5.427 5.502
Federal Agency Issues - Coupon...............$ 25,989,602.05 34.39 1,370 951 6.314 6.402
Local Agency Investment Funds............... .$ 28,881,561.55 38.22 1 1 5.535 5.612
Treasury Securities - Coupon.............. . ..$ 1,999,247.02 2.65 910 883 6.027 6.111
Medium Term Notes......................... ...$ 7,038,616.67 9.31 534 220 5.728 5.808
------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVERAGES........... ..$ 75,564,297.01 100.00% 558 377 5.823% 5.904%
CASH
Passbook/Checking Accounts...................$ 0.00 0.000 0.000
(not included in yield calculations)
Accrued Interest at Purchase.................$ 3,011.50
----------------------------------------------------------------------------
TOTAL CASH and PURCHASE INTEREST.............$ 3,011.50
TOTAL CASH and INVESTMENTS................ .$ 75,567,308.51
MONTH ENDING FISCAL FISCAL
TOTAL EARNINGS APRIL 30 YEAR TO DATE YEAR ENDING
Current Year $ 344,700.59 $ 2,175,762.74
AVERAGE DAILY BALANCE $ 70,655,531.89 $ 63,793,320.39
EFFECTIVE RATE OF RETURN 5.94% 5.87%
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. FREID fCH pooled investments and is in conformity with all State laws and the investment
_ TY TREA policy statement filed with the City Council on Dec. 16, 1996. 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 estimated expenditures. Market Values provided by Sanwa Bank via the
Bond Buyer Company.
05/20/1-997 CITY OF HUNTINGTON BEACH PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
APRIL 30, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
97-142 Sanwa Bank - Los Angeles 04/30/97 5,800,000.00 5,800,000.00 5,800,000.00 5.375 5.375 5.450 05/01/97 0
AVERAGES 2,070,000.00
BANKERS ACCEPTANCES
2779 BANK OF TOKYO 02/27/97 976,750.00 1,000,000.00 985,378.30 5.400 5.529 5.605 08/01/97 92
2778 FUJI BANK 12/20/96 974,065.00 1,000,000.00 993,822.20 5.460 5.605 5.683 06/09/97 39
2786 TOKYO-MITSUBISHI BANK 04/14/97 976,520.83 1,000,000.00 979,185.50 5.750 5.888 5.970 09/08/97 130
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 3,153,635.14 2,927,335.83 2,958,386.00
3,000,000.00 5.674 5.753 87
COMMERCIAL PAPER - DISCOUNT
2777 WALT DISNEY CO 12/24/96 974,140.56 1,000,000.00 992,137.50 5.230 5.369 5.443 06/20/97 50
2776 General Electric 12/24/96 980,493.33 1,000,000.00 999,263.10 5.320 5.426 5.501 05/05/97 4
2780 SIGMA FINANCIAL CORP 02/28/97 973,300.00 1,000,000.00 981,389.70 5.340 5.486 5.563 08/27/97 118
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 2,927,933.89 2,927,933.89 2,972,790.30
3,000,000.00 5.427 5.502 57
FEDERAL AGENCY ISSUES - COUPON
2759 FEDERAL FARM CREDIT BANK 05/14/96 2,000,000.00 2,000,000.00 2,003,180.00 6.750 6.658 6.750 05/14/99 743
2734 Federal Home Loan Bark 08/26/93 2,000,000.00 2,000,000.00 1,978,750.00 5.180 5.109 5.180 08/26/98 482
2735 Federal Home Loan Banc 11/18/93 1,000,000.00 1,000,000.00 988,125.00 5.300 5.227 5.300 11/18/98 566
2754 Federal Home Loan Bank 04/23/96 3,000,000.00 3,000,000.00 2,985,936.00 7.000 6.904 7.000 04/23/01 1,453
2781 Federal Home Loan Bark 03/11/97 1,000,000.00 1,000,000.00 995,312.50 6.060 5.977 6.060 09/11/98 498
2784 Federal Home Loan Bart 03/266/97 1,000,000.00 1,000,000.00 986,875.00 6.715 6.623 6.715 03/26/02 1,790
2757 Federal Home Loan Mort Corp OS/14/96 2,001,696.35 2,000,000.00 2,001,250.00 6.800 6.661 6.753 05/14/99 743
2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 1,999,374.00 6.990 6.894 6.990 05/17/01 1,477
2764 Federal Home Loan Mort Corp 06/18/96 1,000,000.00 1,000,000.00 999,687.50 7.470 7.368 7.470 06/18/01 1,509
2774 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 995,000.00 6.000 5.918 6.000 12/24/98 602
2775 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 995,000.00 6.000 5.918 6.000 12/24/98 602
2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,991,235.21 3,000,000.00 2,979,270.00 5.000 5.235 5.308 02/25/98 300
2753 Fed. Nat'l Mort. Assoc. 03/22/96 11000,000.00 1,000,000.00 995,790.00 6.210 6.125 6.210 03/24/99 692
2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,996,670.49 2,000,000.00 1,998,750.00 6.850 6.817 6.912 05/26/00 1,121
2-62 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 992,690.00 6.870 6.776 6.870 06/01/01 1,492
2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,000,690.00 7.070 6.973 7.070 06/25/01 1,516
2785 Fed. Nat'l Mort. Assoc. 03/27/97 1,000,000.00 1,000,000.00 1,004,090.00 6.660 6.569 6.660 03/27/00 1,061
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 25,989,168.45 25,989,602.05 25,899,770.00
26,000,000.00 6.314 6.402 951
f
City of Huntington Beach
Summary of Investment Portfolio
Activity for December, 1997
Financial Information: Increase
November December (Decrease)
End of month City Portfolio Balance $66,711,044 $76,547,658 $9,836,614
Accrued Interest at Purchase $17,037 $37,227 $20,190
Interest Earned for Month $322,714 $349,741 $27,027
Earned Interest Yield Average 6.02% 5.89% -0.13%
Average Maturity ( in days) 479 477 -2
End of Month Market Value $66,782,596 $76,706,866 $9,924,270
End of month bank cash balance $1,887,031 $2,497,656 $610,625
Comparison to Budget: Increase
Budget Actual (Decrease)
Interest Earned for Month $275,000 $349,741 $74,741
Interest Earned Year to Date $825,000 $1,012,544 $187,544
Earned Interest Yield Year to Date 5.50% 5.93% 0.43%
Transaction Summary: Increase
November December (Decrease)
Number of Securities Purchased 30 28 -2
Number of Securities Matured/Sold 28 23 -5
Summary by Individual Investment:
Days Int.
December % of Total Policy Limit to Mat. Rate
Repurchase Agreements $984,000 1% None 1 6.19%
Bankers Acceptances $972,852 1% 25% 19 5.69%
Commercial Paper- Discount $2,933,355 4% 15% 129 5.78%
Federal Agy Issues - Coupon $42,472,756 56% None 714 6.12%
Local Agency Inv. Fund (LAIF) $19,169,391 25% $40 Million 1 5.74%
Medium Term Notes $8,017,856 10% 20% 425 6.01%
Treasury Securities $1,997,448 3% None 1186 6.17%
Total $76,547,658 100%
O1/15/14998 CITY OF HUNTINGTON BEACH PM - 1
PORTFOLIO MASTER SUMMARY CITY
DECEMBER 31, 1997 ACCRUAL
AVERAGE ---YIELD TO MATURITY---
PERCENT OF AVERAGE DAYS TO 360 365
INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT
------------------------------------------------------------------------------------------------------------------------------------
Repurchase Agreements........................$ 984,000.00 1.29 2 1 6.100 6.185
Bankers Acceptances..........................$ 972,851.67 1.27 179 19 5.612 5.690
Commercial Paper - Discount..................$ 2,933,355.28 3.83 144 129 5.697 5.776
Federal Agency Issues - Coupon...............$ 42,472,756.20 55.49 1,043 714 6.036 6.120
Local Agency Investment Funds................$ 19,169,390.64 25.04 1 1 5.665 5.744
Treasury Securities - Coupon.................$ 1„997,448.25 2.61 1,342 1,186 6.088 6.172
Medium Term Notes... .........................$ 8,017,856.04 10.47 713 425 5.929 6.012
------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVERAGES.............$ 76,547,658.08 100.00% 697 477 5.916% 5.998%
CASH
Passbook/Checking Accounts.......... .........$ 0.00 0.000 0.000
(not included in yield calculations)
Accrued Interest at Purchase.................$ 37,226.86
----------------------------------------------------------------------------
TOTAL CASH and PURCHASE INTEREST.............$ 37,226.86
TOTAL CASH and INVESTMENTS.................$ 76,584,884.94
------------------------------------------------------------------------------
------------------------------------------------------------------------------
MONTH ENDING FISCAL FISCAL
TOTAL EARNINGS DECEMBER 31 YEAR TO DATE YEAR ENDING
Current Year $ 349,740.97 $ 1,012,543.90
AVERAGE DAILY BALANCE $ 69,905,976.88 $ 67,713,186.76
EFFECTIVE RATE OF RETURN 5.89% 5.93%
Current Budget $ 275,000.00 $ 825,000.00 $ 3,300,000.00
I certify that this report accurately reflects all City and Redevelopment Agency
S L. VE
I H pooled investments and is in conformity with all State laws and the investment
CITY TREA 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.
O1/1541998 CITY OF HUNTINGTON BEACH PM - 2
_NVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
DECEMBER 31, 1997. 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
98-79 Union Bank 12/31/97 984,000.00 984,000.00 984,000.00 6.100 6.185 01/02/98 1
AVERAGES 1,639,064.52
BANKERS ACCEPTANCES
2796 Bank of New York 07/25/97 972,851.67 1,OOb,000.00 997,100.00 5.460 5.690 A1P1 01/20/98 19
AVERAGES 1,631,815.49
COMMERCIAL PAPER - DISCOUNT
2823 Minn. Mng & Mfg (3M) 12/31/97 982,456.67 1,000,000.00 982,420.00 5.540 5.717 A1+P1 04/24/98 113
2822 General Electric 12/31/97 972,400.00 1,000,000.00 999,190.00 5.520 5.756 AAA 06/29/98 179
2815 SIGMA FINANCIAL CORP 11/20/97 978,498.61 1,000,000.00 985,250.00 5.650 5.854 A1+P1 04/06/98 95
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 1,041,558.50 2,933,355.28 2,966,860.00
3,000,000.00 5.776 129
FEDERAL AGENCY ISSUES - COUPON
2813 FEDERAL FARM CREDIT BANK 11/20/97 1,000,300.64 1,000,000.00 1,000,560.00 5.910 5.980 AAA 11/20/00 1,054
2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,993,120.00 5.180 5.180 AAA O8/26/98 237
2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 995,620.00 5.300 5.300 AAA 11/18/98 321
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 1,545
2798 Federal Home Loan Bank 08/08/97 2,000,000.00 2,000,000.00 2,005,000.00 5.955 6.041 AAA 07/08/99 553
2799 Federal Home Loan Bank 08/27/97 1,000,000.00 1,000,000.00 1,004,060.00 6.500 6.590 AAA 08/27/02 1,699
2804 Federal Home Loan Bank 09/30/97 2,000,000.00 2,000,000.00 1,998,740.00 5.735 5.815 AAA 09/30/98 272
2806 Federal Home Loan Bank 10/15/97 1,000,000.00 1,000,000.00 999,530.00 6.230 6.317 AAA 10/15/01 1,383
2807 Federal Home Loan Bank 10/01/97 5,000,000.00 5,000,000.00 4,996,850.00 5.735 5.814 AAA 09/30/98 272
2810 Federal Home Loan Bank 10/27/97 1,000,000.00 1,006,000.00 999,370.00 5.893 5.962 AAA 10/02/98 274
2811 Federal Home Loan Bank 11/24/97 1,000,000.00 1,000,000.00 998,750.00 6.120 6.205 AAA 11/24/00 1,058
2812 Federal Home Loan Bank 11/07/97 1,000,265.36 1,000,000.00 999,840.00 6.035 6.101 AAA 11/05/99 673
2814 Federal Home Loan Bank 11/26/97 1,000,000.00 1,000,000.00 998,750.00 5.945 6.028 AAA O5/26/99 510
2817 Federal Home Loan Bank 12/19/97 1,001,226.38 1,000,000.00 999,840.00 5.860 5.858 AAA 09/24/99 631
2820 Federal Home Loan Bank 12/30/97 1,000,000.00 1,000,000.00 996,720.00 6.200 6.286 AAA 12/30/02 1,824
2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,025,620.00 6.990 6.990 AAA 05/17/01 1,232
2774 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 1,000,310.00 6.000 6.000 AAA 12/24/98 357
2775 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 1,000,310.00 6.000 6.000 AAA 12/24/98 357
2803 Federal Home Loan Mort Corp 08/22/97 996,690.46 1,000,000.00 1,000,620.00 6.090 6.328 AAA 07/28/00 939
2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,998,398.10 3,000,000.00 2,997,180.00 5.000 5.454 AAA 02/25/98 55
2758 Fed. Nat'l Mort. Assoc. O5/14/96 1,997,398.17 2,000,000.00 2,007,180.00 6.850 6.912 AAA 05/26/00 876
2762 Fed. Nat'l Mort. Assoc. OS/30/96 1,000,000.00 1,000,000.00 1,004,220.00 6.870 6.965 AAA 06/01/01 1,247
2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,015,780.00 7.070 7.070 AAA 06/25/01 1,271
2785 Fed. Nat'l Mort. Assoc. 03/27/97 1,000,000.00 1,000,000.00 1,001,410.00 6.660 6.660 AAA 03/27/00 816
2789 Fed. Nat'l Mort. Assoc. 06/25/97 999,993.32 1,000,000.00 1,000,000.00 5.480 5.804 AAA O1/02/98 1
2790 Fed. Nat'l Mort. Assoc. 06/25/97 1,493,896.73 1,500,000.00 1,493,205.00 5.720 6.185 AAA 02/16/99 411
2797 Fed. Nat'l Mort. Assoc. 08/08/97 998,495.82 1,000,000.00 999,220.00 6.140 6.319 AAA O8/07/00 949
O1/15/11998 CITY OF HUNTINGTON BEACH PM - 3
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
DECEMBER 31, 1997 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. 08/12/97 993,369.70 1,000,000.00 1,008,750.00 6.150 6.408 AAA O8/05/02 1,677
2801 Fed. Nat'l Mort. Assoc. 08/12/97 992,721.52 1,000,000.00 1,002,030.00 5.910 6.307 AAA 08/07/00 949
2818 Fed. Nat'l Mort. Assoc. 12/26/97 1,000,000.00 1,000,000.00 998,440.00 6.150 6.235 AAA 12/26/02 1,820
2816 Sallie Mae 12/17/97 1,000,000.00 1,000,000.00 999,370.00 6.000 6.083 AAA 06/17/99 532
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 39,632,243.86 42,472,756.20 42,547,425.00
42,500,000.00 6.120 714
LOCAL AGENCY INVESTMENT FUNDS
982 Laif .City 7,673,097.12 7,673,097.12 7,673,097.12 5.744 5.744 NR 1
2206 LAIF-Redevelopment Agency 11,496,293.52 11,496,293.52 11,496,293.52 5.744 5.744 NR 1
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 16,233,906.77 19,169,390.64 19,169,390.64
19,169,390.64 5.744 1 -
TREASURY SECURITIES - COUPON
2783 UNITED STATES TREASURY 03/17/97 999,743.17 1,000,000.00 1,024,840.00 6.500 6.507 AAA 08/31/01 1,338
2819 UNITED STATES TREASURY 12/10/97 997,705.08 1,000,000.00 1,001,250.00 5.750 5.837 AAA 10/31/00 1,034
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 1,707,772.51 1,997,448.25 2,026,090.00
2,000,000.00 6.172 1,186
MEDIUM TERM NOTES
2750 AT&T 02/26/96 999,984.96 1,000,000.00 999,540.00 5.410 5.506 AA3 01/30/98 29
2809 Banc One Corp. 10/14/97 1,004,536.16 1,000,000.00 1,006,210.00 6.250 6.145 AA- 09/01/00 974
2773 General Electric 12/24/96 1,000,819.79 1,000,000.00 1,000,480.00 8.000 5.790 AAA O1/15/98 14
2782 General Electric 03/04/97 1,003,009.84 1,000,000.00 1,002,860.00 7.000 5.711 AAA 03/24/98 82
2808 JP Morgan 10/02/97 999,504.50 1,000,000.00 997,260.00 6.125 6.230 AA 10/02/00 1,005
2805 Norwest Financial, Inc. 10/01/97 2,009,843.75 2,000,000.00 2,009,520.00 6.375 6.156 AA3 10/01/99 638
2756 US LIFE CORP O5/07/96 1,000,157.04 1,000,000.00 1,000,130.00 6.750 6.398 A2 01/15/98 14
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 8,019,615.24 8,017,856.04 8,016,000.00
8,000,000.00 6.012 425
-----------------------------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVG. $ 76,547,658.08 76,706,865.64
69,905,976.88 76,653,390.64 5.998% 477
O1/15/A1998 CITY OF HUNTINGTON BEACH PM - 4
INVESTMENT PORTFOLIO DETAILS - CASH CITY
DECEMBER 31, 1997 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 37,226.86
--------------------------------------------------------------------------------
TOTAL CASH $ 37,226.86
TOTAL CASH and INVESTMENTS $ 69,905,976.B8 76,584,884.94
•
O1/15/1998 CITY OF HUNTINGTON BEACH PM - 5
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
DECEMBER 1, 1997 - DECEMBER 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
---°-------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
98-59 Union Bank 5.288 12/01/1997 127,000.00
98-60 Union Bank 5.350 12/01/1997 1,997,000.00
12/02/1997 1,997,000.00
98-61 Union Bank 5.225 12/02/1997 2,337,000.00
12/03/1997 2,337,000.00
98-62 Union Bank 5.163 12/03/1997 2,218,000.00
12/04/1997 2,218,000.00
98-63 Union Bank 5.163 12/04/1997 2,442,000.00
12/05/1997 2,442,000.00
98-64 Union Bank 5.038 12/05/1997 888,000.00
12/08/1997 888,000.00
98-65 Union Bank 4.975 12/10/1997 441,000.00
12/11/1997 441,000.00
98-66 Union Bank 5.100 12/11/1997 595,000.00
12/12/1997 595,000.00
98-67 Union Bank 5.475 12/15/1997 662,000.00
12/16/1997 662,000.00
98-68 Union Bank 5.100 12/12/1997 918,000.00
12/15/1997 918,000.00
98-69 Union Bank 5.100 12/16/1997 897,000.00
12/17/1997 897,000.00
98-70 Union Bank 5.225 12/17/1997 1,463,000.00
12/18/1997 1,463,000.00
98-71 Union Bank 5.288 12/18/1997 1,471,000.00
12/19/1997 1,471,000.00
98-72 Union Bank 5.100 12/19/1997 2,180,000.00
12/22/1997 2,180,000.00
98-73 Union Bank 5.163 12/22/1997 1,046,000.00
12/23/1997 1,046,000.00
98-74 Union Bank 5.100 12/23/1997. 1,097,000.00
12/24/1997 1,097,000.00
98-75 Union Bank 5.038 12/24/1997 1,554,000.00
12/26/1997 1,554,000.00
98-76 Union Bank 4.975 12/26/1997 5,092,000.00
12/29/1997 5,092,000.00
98-77 Union Bank 5.100 12/29/1997 903,000.00
12/30/1997 903,000.00
98-78 Union Bank 5.163 12/30/1997 1,916,000.00
12/31/1997 1,916,000.00
98-79 Union Bank 6.100 12/31/1997 984,000.00
SUBTOTALS and ENDING BALANCE 31,101,000.00 30,244,000.00 984,000.00
O1/1511998 CITY OF HUNTINGTON BEACH PM - 6
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
DECEMBER 1, 1997 - DECEMBER 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
BANKERS ACCEPTANCES
2792 First National Bank of Chicago 5.510 12/22/1997 972,756.11 972,851.67
COMMERCIAL PAPER - DISCOUNT
2823 Minn. Mng & Mfg (3M) 5.540 12/31/1997 982,456.67
2822 General Electric 5.520 12/31/1997 972,400.00
SUBTOTALS and ENDING BALANCE 1,954,856.67 0.00 2,933,355.28
FEDERAL AGENCY ISSUES - COUPON
2817 Federal Home Loan Bank 5.860 12/19/1997 1,001,250.00
2820 Federal Home Loan Bank 6.200 12/30/1997 1,000,000.00
2B18 Fed. Nat'l Mort. Assoc. 6.150 12/26/1997 1,000,000.00
2816 Sallie Mae 6.000 12/17/1997 1,000,000.00
SUBTOTALS and ENDING BALANCE 4,001,250.00 0.00 42,472,756.20
LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary)
2206 LAIF-Redevelopment Agency 5.744 14,000,000.00 10,000,000.00 19,169,390.64
TREASURY SECURITIES - COUPON
2819 UNITED STATES TREASURY 5.750 12/10/1997 997,656.25 1,997,448.25
MEDIUM TERM NOTES
2763 FORD MOTOR CORP. 8.000 12/01/1997 1,000,000.00 8,017,856.04
------------------------------------------------------------------------
TOTALS 52,054,762.92 42,216,756.11 76,547,658.08
O1/15/1998 PM - 7
CITY OF HUNTINGTON BEACH CITY
INVESTMENT ACTIVITY SUMMARY ACCRUAL
DECEMBER 1996 through DECEMBER 1997
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
-------------------------------------------------------------------------------------------------------------------
December 96 32 69,689,082.72 5.755 5.835 5.574 27 22 535 385
January 97 29 65,400,483.10 5.799 5.880 5.583 �0•-- '? I 23 557 393
February 97 31 66,864,621.68 5.765 5.845 5.575 19 548 375
March 97 35 67,893,588.14 5.848 5.930 5.580 rp2 b 22 619 432
April 97 36 75,564,297.01 5.823 5.904 5.612 3��1 23 556 377
May 97 34 77,278,683.01 5.788 5.869 5.634 /� ;Z" 23 516 334
June 97 39 78,912,795.59 5.811 5.891 5.667 24 500 316
July 97 40 71,857,379.73 5.785 5.866 5.679 ,31-�J ly/3 475 274
August 97 43 70,428,506.38 5.852 5.933 5.690 / y �S (� 581 378
September 97 41 68,504,258.44 5.884 5.966 5.707 J3/37 598 376
October 97 40 66,043,518.07 5.924 6.006 5.705 8/ - 720 476
November 97 42 66,711,043.81 5.926 6.008 5.715 718 479
December 97 47 76,547,658.08 5.916 5.998 5.744 R,-"y f221--;7 697 477
----------------------------------------------------------------------------------------------------
AVERAGES 38 $ 70,899,685.83 5.836% 5.9181E 5.651% /T 3 r �,a 586 390
---------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------
Treasurer's Report-Shari L.Freidenrich, CPA
Summary
• Recommendation to City Council
Slide 7
Council/Agency Meeting Held:
Deferred/Continued to:
Approved ❑ Con d tion Ily A rov d ❑ Den' d City Clerk's glignature
Council Meeting Date: 01/20/98 Department ID Number: CT 98-001
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 NOVEMBER, 1997
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,
1997 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, 1997,
pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
Alternative Action(): Deny or critique monthly report.
REQUEST FOR COUNCIL ACT&
MEETING DATE: 01/20/98 DEPARTMENT ID NUMBER: CT 98-001
Analysis: Not applicable.
Environmental Status: Not applicable.
Attachment(sl:
City Clerk's
• . . - Number
...................... ............. ...
........ ... .
Monthly Investment Report and Summary of
Investments for November, 1997
RCAINVSM.DOC -2- 01/12/98 7:48 AM
Council/Agency Meeting Held:
Deferred/Continued to:
❑Approved ❑ Conditionally Approved ❑ Denied City Clerk's Signature
Council Meeting Date: 01/20/98 Department ID Number: CT 98-001
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: ACCEPT NOVEMBER INVEST NT SUMMARY REVIEW
Statement of Issue,Funding Source,Recommended Act' ,Alternative Action(s),Analysis,Environmental Status,
A ment(s)
Statement of/the
eview and ccept the monthly investment report for November,
1997 pursuann 17.0 of a Investment Policy of the City of Huntington Beach.
Funding Sou licable.
Recommend : Accept the monthly report. Following review of the report, by
motion of Coupt the Monthly Investment Report for November, 1997, pursuant to
Section 17.0 ostment Policy of the City of Huntington Beach.
Alternative ADeny or critique monthly report.
*QUEST FOR COUNCIL ACTION
MEETING DATE: 01/20/98 DEPARTMENT ID NUMBER: CT 98-001
Analysis: Not applicable.
Environmental Status: Not applicable.
Attachmentlsl:
City Clerk's
Page Number
.... ......
... _ .... _ ...... _ ....
Monthly Investme eport and Summary of
Investments for ovember, 1997
RCAINVSM.DOC -2- 01/06/98 3:56 PM
Monthly Investment Report and Summary
of Investments for November, 1997
..... ... ....
... ......... .........T...... ........... ..............................TA...... ......... .. ........ �HNT
City of Huntington Beach
Summary of Investment Portfolio
Activity for November, 1997
Financial Information: Increase
October November. (Decrease)
End of month City Portfolio Balance $66,043,518 $66,711,044 $667,526
Accrued Interest at Purchase $16,702 $17,037 $335
Interest Earned for Month $340,029 $322,714 ($17,315)
Earned Interest Yield Average 5.89% 6.02% 0.13%
Average Maturity ( in days) 476 479 3
End of Month Market Value $66,225,766 $66,782,596 $556,830
End of month bank cash balance $3,740,980 $1,887,031 ($1,853,949)
Comparison to Budget: Increase
Budget Actual (Decrease)
Interest Earned for Month $275,000 $322,714 $47,714
Interest Earned Year to Date $550,000 $662,803 $112,803
Earned Interest Yield Year to Date 5.50% 5.95% 0.45%
Transaction Summary: Increase
October November (Decrease)
Number of Securities Purchased 47 30 -17
Number of Securities Matured/Sold 46 28 -18
Summary by Individual Investment:
Days Int.
November % of Total Policy Limit to Mat. Rate
Repurchase Agreements $127,000 1% None 1 5.36%
Bankers Acceptances $1,945,608 3% 25% 36 5.72%
Commercial Paper- Discount $978,499 1% 15% 126 5.85%
Federal Agy Issues - Coupon $38,469,192 58% None 695 6.12%
Local Agency Inv. Fund (LAIF) $15,169,391 23% $40 Million 1 5.72%
Medium Term Notes $9,021,617 13% 20% 405 6.06%
Treasury Securities $999,737 1% None 1369 6.51%
Total $66,711,044 100%
O1/07/1998 CITY OF HUNTINGTON BEACH PM - 1
PORTFOLIO MASTER SUMMARY CITY
NOVEMBER 30, 1997 ACCRUAL
AVERAGE ---YIELD TO MATURITY---
PERCENT OF AVERAGE DAYS TO 360 36S
INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT
------------------------------------------------------------------------------------------------------------------------------------
Repurchase Agreements........................$ 127,000.00 0.19 3 0 5.288 5.361
Bankers Acceptances..........................$ 1,945,607.78 2.92 179 36 5.638 5.717
Commercial Paper - Discount..................$ 978,498.61 1.47 137 126 5.774 5.854
Federal Agency Issues - Coupon...............$ 38,469,192.48 57.67 1,026 695 6.037 6.121
Local Agency Investment Funds................$ 15,169,390.64 22.74 1 1 5.637 5.715
Treasury Securities - Coupon.................$ 999,737.22 1.50 1,628 1,369 6.418 6.507
Medium Term Notes. ........ ...................$ 9,021,617.08 13.52 697 405 5.973 6.056
------------------------------------------------------------------------------
TOTAL-INVESTMENTS and AVERAGES.............$ 66,711,043.81 100.00% 718 479 5.926% 6.008%
------------------------------------------------------------------------------
CASH
Passbook/Checking Accounts...................$ 0.00 0.000 0.000
(not included in yield calculations)
Accrued Interest at Purchase...... ...........$ 17,037.16
----------------------------------------------------------------------------
TOTAL CASH and PURCHASE INTEREST.............$ 17,037.16
------------------------------------------------------------------------------
------------------------------------------------------------------------------
TOTAL CASH and INVESTMENTS.................$ 66,728,080.97
------------------------------------------------------------------------------
------------------------------------------------------------------------------
MONTH ENDING FISCAL FISCAL
TOTAL EARNINGS NOVEMBER 30 YEAR TO DATE YEAR ENDING
Current Year $ 322,713.99 $ 662,802.93
AVERAGE DAILY BALANCE $ 65,233,959.37 $ 66,598,818.00
EFFECTIVE RATE OF RETURN 6.02% 5.95%
Current Budget $ 275,000.00 $ 550,000.00 $ 3,300,000.00
I certify that this report accurately reflects all City and Redevelopment Agency
S6WL. RE 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
�( policy is available at the office of the City Clerk. The investment program
1 �� U 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.
12/29/1997 CITY OF HUNTINGTON BEACH PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
NOVEMBER 30, 1997 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
98-59 Union Bank 11/28/97 127,000.00 127,000.00 127,000.00 5.288 5.361 12/01/97 0
AVERAGES 918,566.67
BANKERS ACCEPTANCES
2796 Bank of New York 07/25/97 972,851.67 1,000,000.00 992,080.00 5.460 5.690 A1P1 01/20/98 50
2792 First National Bank of Chic 06/27/97 972,756.11 11000,000.00 996,750.00 5.510 5.743 A1P1 12/22/97 21
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 1,945,607.78 1,945,607.78 1,988,830.00
2,000,000.00 5.717 36
COMMERCIAL PAPER - DISCOUNT
2815 SIGMA FINANCIAL CORP 11/20/97 978,498.61 1,000,000.00 980,300.00 5.650 5.854 A1+P1 04/06/98 126
AVERAGES 358,782.82
FEDERAL AGENCY ISSUES - COUPON
2813 FEDERAL FARM CREDIT BANK 11/20/97 1,000,309.32 1,000,000.00 997,570.00 5.910 5.980 AAA 11/20/00 1,085
2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,991,560.00 5.180 5.180 AAA 08/26/98 268
2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 994,840.00 5.300 5.300 AAA 11/18/98 352
2784 Federal Home Loan Bank 03/26/97 1,000,000.00 1,000,000.00 1,005,620.00 6.715 6.715 AAA 03/26/02 1,576
2798 Federal Home Loan Bank 08/08/97 2,000,000.00 2,000,000.00 2,001,560.00 5.955 6.041 AAA 07/08/99 584
2799 Federal Home Loan Bank 08/27/97 1,000,000.00 1,000,000.00 1,001,560.00 6.500 6.590 AAA 08/27/02 1,730
2804 Federal Home Loan Bank 09/30/97 2,000,000.00 2,000,000.00 1,998,120.00 5.735 5.815 AAA 09/30/98 303
2806 Federal Home Loan Bank 10/15/97 1,000,000.00 1,000,000.00 997,190.00 6.230 6.317 AAA 10/15/01 1,414
2807 Federal Home Loan Bank 10/01/97 5,000,000.00 5,000,000.00 .4,995,300.00 5.735 5.814 AAA 09/30/98 303
2810 Federal Home Loan Bank 10/27/97 1,000,000.00 1,000,000.00 999,370.00 5.893 5.962 AAA 10/02/98 305
2811 Federal Home Loan Bank 11/24/97 1,000,000.00 1,000,000.00 997,030.00 6.120 6.205 AAA 11/24/00 1,089
2812 Federal Home Loan Bank 11/07/97 1,000,291.55 1,000,000.00 998,910.00 6.035 6.101 AAA 11/05/99 704
2814 Federal Home Loan Bank 11/26/97 1,000,000.00 1,000,000.00 997,810.00 5.945 6.028 AAA 05/26/99 541
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 1,263
2774 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 999,380.00 6.000 6.000 AAA 12/24/98 388
2775 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 999,380.00 6.000 6.000 AAA 12/24/98 388
2803 Federal Home Loan Mort Corp 08/22/97 996,515.36 1,000,000.00 998,910.00 6.090 6.328 AAA 07/28/00 970
2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,997,508.16 3,000,000.00 2,996,250.00 5.000 5.454 AAA 02/25/98 86
2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,997,306.09 2,b00,000.00 2,007,500.00 6.850 6.912 AAA OS/26/00 907
2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,600,000.00 1,000,000.00 1,004,690.00 6.870 6.965 AAA 06/01/01 1,278
2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,015,000.00 7.070 7.070 AAA 06/25/01 1,302
2785 Fed. Nat'l Mort. Assoc. 03/27/97 1,000,000.00 1,000,000.00 1,001,720.00 6.660 6.660 AAA 03/27/00 847
2789 Fed. Nat'l Mort. Assoc. 06/25/97 999,792.78 1,000,000.00 999,690.00 5.480 5.804 AAA O1/02/98 32
2790 Fed. Nat'l Mort. Assoc. 06/25/97 1,493,444.64 1,500,000.00 1,490,625.00 5.720 6.185 AAA 02/16/99 442
2797 Fed. Nat'l Mort. Assoc. 08/08/97 998,286.91 1,000,000.00 997,970.00 6.140 6.319 AAA O8/07/00 980
2800 Fed. Nat'l Mort. Assoc. 08/12/97 993,249.44 1,000,000.00 1,003,590.00 6.150 6.408 AAA O8/05/02 1,708
2801 Fed. Nat'l Mort. Assoc. 08/12/97 992,488.23 1,000,000.00 999,220.00 5.910 6.307 AAA 08/07/00 980
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 37,434,468.35 38,469,192.48 38,514,425.00
38,500,000.00 6.121 695
I
12/29/1997 CITY OF HUNTINGTON BEACH PM - 3
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
NOVEMBER 30, 1997 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
----------------------------------------------------------------------------------------------------------------------'------------
LOCAL AGENCY INVESTMENT FUNDS
982 Laif City 7,673,097.12 7,673,097.12 7,673,097.12 5.715 5.715 NR 1
2206 LAIF-Redevelopment Agency 7,496,293.52 7,496,293.52 7,496,293.52 5.715 5.715 NR 1
----------------- -------------- -----=`------- -------------- ------ ------
SUBTOTALS and AVERAGES 14,552,723.97 15,169,390.64 15,169,390.64
15,169,390.64 5.715 1
TREASURY SECURITIES - COUPON
2783 UNITED STATES TREASURY 03/17/97 999,737.22 1,000,000.00 1,021,090.00 6.500 6.507 AAA 08/31/01 1,369
AVERAGES 999,734.43
MEDIUM TERM NOTES
2750 AT&T 02/26/96 999,969.39 1,000,000.00 999,270.00 5.410 5.506 AA3 01/30/98 60
2809 Banc One Corp. 10/14/97 1,004,677.92 1,000,000.00 1,003,390.00 6.250 6.145 AA- 09/01/00 1,005
2763 FORD MOTOR CORP. 05/07/96 1,000,000.00 1,000,000.00 1,000,000.00 8.000 6.417 A 12/01/97 0
2773 General Electric 12/24/96 1,002,576.48 1,000,000.00 974,920.00 8.000 5.790 AAA O1/15/98 45
2782 General Electric 03/04/97 1,004,097.74 1,000,000.00 1,003,840.00 7.000 5.711 AAA 03/24/98 113
2808 JP Morgan 10/02/97 999,489.50 1,000,000.00 994,120.00 6.125 6.230 AA 10/02/00 1,036
2805 Norwest Financial, Inc. 10/01/97 2,010,312.50 2,000,000.00 2,005,400.00 6.375 6.156 AA3 10/01/99 669
2756 US LIFE CORP 05/07/96 1,000,493.55 1,000,000.00 1,000,620.00 6.750 6.398 A2 01/15/98 45
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 9,024,075.34 9,021,617.08 8,981,560.00
9,000,000.00 6.056 405
------------------------------------------------7----------------------------------------------------
TOTAL INVESTMENTS and AVG. $ 66,711,043.81 66,782,595.64
65,233,959.37 66,796,390.64 6.008% 479
12/29/1997 CITY OF HUNTINGTON BEACH PM - 4
INVESTMENT PORTFOLIO DETAILS - CASH CITY
NOVEMBER 30, 1997 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 17,037.16
--------------------------------------------------------------------------------
TOTAL CASH $ 17,037.16
TOTAL CASH and INVESTMENTS $ 65,233,959.37 66,728,080.97
12/29/1997 CITY OF HUNTINGTON BEACH PM - 5
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
NOVEMBER 1, 1997 - NOVEMBER 30, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------`-----------
REPURCHASE AGREEMENTS
98-46 Sanwa Bank - Los Angeles 5.125 11/03/1997 1,100,000.00
98-47 Sanwa Bank - Los Angeles 5.313 11/03/1997 1,100,000.00
11/04/1997 1,100,000.00
98-48 Sanwa Bank - Los Angeles 5.250 11/04/1997 1,100,000.00
11/05/1997 1,100,000.00
98-49 Sanwa Bank - Los Angeles 5.375 11/05/1997 1,100,000.00
11/06/1997 1,100,000.00
98-50 Sanwa Bank - Los Angeles 5.250 11/06/1997 1,100,000.00
11/07/1997 1,100,000.00
98-40 Union Bank 5.288 11/03/1997 1,836,000.00
98-41 Union Bank 5.288 11/03/1997 1,779,000.00
11/04/1997 1,779,000.00
98-42 Union Bank 5.100 11/04/1997 1,669,000.00
11/05/1997 1,669,000.00
98-43 Union Bank 5.225 11/05/1997 875,000.00
11/06/1997 875,000.00
98-44 Union Bank 5.163 11/06/1997 929,000.00
11/07/1997 929,000.00
98-45 Union Bank 5,100 11/10/1997 566,000.00
11/12/1997 566,000.00
98-51 Union Bank 5.163 11/12/1997 355,000.00
11/13/1997 355,000.00
98-52 Union Bank 5.038 11/14/1997 2,040,000.00
11/17/1997 2,040,000.00
98-53 Union Bank 5.288 11/17/1997 1,301,000.00
11/18/1997 1,301,000.00
98-54 Union Bank 5.100 11/18/1997 1,281,000.00
11/19/1997 1,281,000.00
98-55 Union Bank 5.163 11/19/1997 464,000.00
11/20/1997 464,000.00
98-56 Union Bank 5.100 11/20/1997 561,000.00
11/21/1997 561,000.00
98-57 Union Bank 5.100 11/24/1997 104,000.00
11/25/1997 104,000.00
98-58 Union Bank 5.100 11/25/1997 334,000.00
11/26/1997 334,000.00
98-59 Union Bank 5.288 11/28/1997 127,000.00
SUBTOTALS and ENDING BALANCE 16,785,000.00 19,594,000.00 127,000.00
12/29/1997 CITY OF HUNTINGTON BEACH PM - 6
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
NOVEMBER 1, 1997 - NOVEMBER 30, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------=-----------
BANKERS ACCEPTANCES
1,945,607.78
COMMERCIAL PAPER - DISCOUNT
2815 SIGMA FINANCIAL CORP 5.650 11/20/1997 978,498.61 978,498.61
FEDERAL AGENCY ISSUES - COUPON
2759 FEDERAL FARM CREDIT BANK 6.750 11/14/1997 2,000,000.00
2813 FEDERAL FARM CREDIT BANK 5.910 11/20/1997 1,000,312.50
2811 Federal Home Loan Bank 6.120 11/24/1997 1,000,000.00
2812 Federal Home Loan Bank 6.035 11/07/1997 1,000,312.50
2814 Federal Home Loan Bank 5.945 11/26/1997 1,000,000.00
2753 Fed. Nat'l Mort. Assoc. 6.210 11/17/1997 1,000,000.00
SUBTOTALS and ENDING BALANCE 4,000,625.00 3,000,000.00 38,469,192.48
LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary)
982 Laif City 5.715 1,000,000.00
2206 LAIF-Redevelopment Agency 5.715 7,500,000.00 5,000,000.00
SUBTOTALS and ENDING BALANCE 7,500,000.00 6,000,000.00 15,169,390.64
TREASURY SECURITIES - COUPON
999,737.22
MEDIUM TERM NOTES
9,021,617.08
------------------------------------------------------------------------
TOTALS 29,264,123.61 28,594,000.00 66,711,043.81
12/29/1997 PM - 7
CITY OF HUNTINGTON BEACH CITY
INVESTMENT ACTIVITY SUMMARY ACCRUAL
NOVEMBER 1996 through NOVEMBER 1997
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
-------------------------------------------------------------------------------------------------------------------
November 96 . 27 54,815,162.80 5.815 5.895 5.599 18 18 641 466
December 96 32 69,689,082.72 5.755 5.835 5.574 27 22 535 385
January 97 29 65,400,483.10 5.799 5.880 5.583 ,e",2 23 557 393
February 97 31 66,864,621.68 5.765 5.845 5.575 �,z 19 548 375
March 97 35 67,893,588.14 5.848 5.930 5.580 22 619 432
April 97 36 75,564,297.01 5.823 5.904 5.612 y�1" 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 5.811 5.891 5.667 'k-p2 ! 24 500 316
July 97 40 71,857,379.73 5.785 5.866 5.679 31 �J, y2- !C /3, 475 274
August 97 43 70,428,506.38 5.852 5.933 5.690 " q - 581 378
September 97 41 68,504,258.44 5.884 5.966 5.707 x 3B'3, 598 376
October 97 40 66,043,518.07 5.924 6.006 5.705 S/ I / �44 y�(i 720 476
November 97 42 66,711,043.81 5.926 6.008 5.715 frs� -2a �J 718 479
---------------------------------------------------------------------------------------------------
AVERAGES 36 $ 69,227,955.42 5.828%- 5.910% 5.640% 3 L� ;Z-^ 582 389
12/29/1997 PM - 8
CITY OF HUNTINGTON BEACH CITY
DISTRIBUTION OF INVESTMENTS BY TYPE
NOVEMBER 1996 through NOVEMBER 1997
MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------
END YEAR RPA SCD BAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MC1 MD1 PA1 GN1
------------------------------------------------------------------------------------------------------------------------------------
November 96 4.9 3.6 3.6 38.3 35.1 1.8 12.8
December 96 6.2 2.8 5.6 33.0 39.5 1.4 11.5
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 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
----------------------------------------------------------------------------------------------------------------------
AVERAGES 5.4* 3.7% 4.4% 39.1% 0.1% 35.1$ 1.6% 0.5% 10.1%
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
State of California
Pooled Money Investment Adcount
Market Valuation
11/30/97
�r. Lti
INFIT
5•��7f/.;rin7(J�:_�osf P,lyu s^} i-;,,,�.3a..;,.:Ews'fimr ra.•taedl
..
neres t7i:u®A
United States Treasury
Bills $ 1,183,752,659.34 $ 1,226,367,638.75 NA
Strips $ 73,184,450.00- $ 92,672,200.00 NA
Notes $ 5,742,268,164.61 $ 5,732,478,390.00 S 79,040,775.54
Federal Agency:
Bonds $ 1,081,742,496.49 $ 1,080,788,743.50 $ 17,295,282.38
Floaters $ 289,995,687.30 $ 289,985,750.00 $ 2,121,249.60
MBS $ 146,567,317.56 $ 1469056,277.52 S 865,407.1:9
GNMA S 2,699,184.04 $ 3,113,196.32 $ 26,452.96
SBA $ 212,640,704.78 $ 213,844,366.66 $ 2,127,544.01
FHLMC PC $ 26,349,432.34 $ 28,233,197.75 $ 422,952.76
Discount Notes $ 644,998,895.36 $ 651,610,558.58 NA
Bankers Acc Lances i $ 310,273,363,89 $ 311,433,829.42 NA
Cor orate:
Bonds $ 1,050,835,376.89 $ 1,049,013,366.39 $ 17,149,475.55
Floaters $ 442,022,770.67 $ 442,332,935.00 $ 3,525,867.88
CDs $ 6,244,933,208.34 S. 6,243,134,528.57 $ 20,404,299.98
Bank Notes $ 930,000,000.00 $ 929,692,563.75 $ 4,664,888.90
Repurchase A reements $ - $ - NA
Time Deposits $ 1,007,095,000.00 $ 1,007,096,000.00 NA
AS 55&GF Loans $ 2,505,812,133,00 $ 2,505,812,133.00 NA
Commercial Ea Per $ 5,785,144,386.01 $ 5,786.'078,441.58 NA
Reverse Repurchase $ 395,712,250.00 $ 395,712,250,00 $465,328.50
TOTAL $ 27,284,602,980.62 $ 27,343,930,866.79 $ 147,178,868.35
Estimated Market Value Including Accrued Interest $ 27,491,109,735.14
Repurchase Agreements,Time Deposits, AS 55&General Fund loans, and
Reverse Repurchase agreements are carried at portfolio book value(carrying cost).
Certificates of Deposit(CDs), Bank Notes(SNs), 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 Report Summaries
COUNCIL MEETING DATE: January 20, 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 Attomey) Not Applicable
Financial Impact Statement (Unbudget, over $5,000) Not Applicable
Bonds (If applicable) Not Applicable
Staff Report (If applicable) Not Applicable
Commission, Board or Committee Report (If applicable) Not Applicable
Findings/Conditions for Approval and/or Denial Not Applicable
........ _ .. .. ........ ........ ......... ........ ........ ..........................
........ ........ ..............................................................
....... ........ ......... .._..... ...........
EXPLANATION FOR MISSING ATTACHMENTS
........ ........ ........ ........ ......... ........ ........ . . .........._. _ ........ ...... _... ......... . ...... --..... ...........
REVIEWED RETURNED :FOR DED
Administrative Staff ( ) ( VOL )
Assistant City Administrator (Initial) ( ) ( )
City Administrator (Initial) ( ) ( )
City Clerk ( )
EXPLANATION FOR..RETURN OF ITEM
Only)(Below Space For City Clerk's Use
rIl
Council/Agency Meeting HeI4m_ �5/97
Deferred/Continued to:
W'Appr ved El Conditionally Approved El Denied City Cler Signature
If-0
Council Meeting Date: 12/15/97 Department ID Number: CT 97-016
CITY OF HUNTINGTON BEACH
REQUEST FOR COUNCIL ACTION r
z
SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS t: m
SUBMITTED BY: SHARI L. FREIDENRICH, City Treasureef�
PREPARED BY: SHARI L. FREIDENRICH, City Treasurer
SUBJECT: ACCEPT OCTOBER INVESTMENT SUMMARY REVIEW
Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,
Attachment(s)
Statement of Issue: Review and accept the monthly investment report for October, 1997
pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
Funding Source: Not applicable.
Recommended Action: Accept the monthly report. Following review of the report, by
motion of Council, accept the Monthly Investment Report for October, 1997, pursuant to
Section 17.0 of the Investment Policy of the City of Huntington Beach.
Alternative Action(s): Deny or critique monthly report.
z
y
o rm
<
'zn
c-�
REQUEST FOR COUNCIL ACTIVN
MEETING DATE: 12/15/97 DEPARTMENT ID NUMBER: CT 97-016
Analysis: Not applicable.
Environmental Status: Not applicable.
Attachment(sl:
City Clerk's
Page Number
..
Monthly Investment Report and Summary of Investments for October, 1997
0019719.01 -2- 12/04/97 2:19 PM
ATTACHMENT # 1
City of Huntington Beach
Summary of Investment Portfolio
Activity for October, 1997
Financial Information: Increase
September October (Decrease)
End of month City Portfolio Balance $68,504,258 $66,043,518 ($2,460,740)
Accrued Interest at Purchase $5,911 $16,702 $10,791
Interest Earned for Month $334,974 $340,029 $5,055
Earned Interest Yield Average 5.94% 5.89% -0.05%
Average Maturity ( in days) 376 476 100
End of Month Market Value $68,671,221 $66,225,766 ($2,445,455)
End of month bank cash balance $2,883,766 $3,740,980 $857,214
Comparison to Budget: Increase
Budget Actual (Decrease)
Interest Earned for Month $275,000 $340,029 $65,029
Interest Earned Year to Date $275,000 $340,029 $65,029
Earned Interest Yield Year to Date 5.50% 5.89% 0.39%
Transaction Summary: Increase
September October (Decrease)
Number of Securities Purchased 37 47 10
Number of Securities Matured/Sold 39 46 7
Summary by Individual Investment:
Days Int.
October % of Total Policy Limit to Mat. Rate
Repurchase Agreements $2,936,000 4% None 2 5.30%
Bankers Acceptances $1,945,608 3% 25% 66 5.72%
Federal Agy Issues - Coupon $37,466,085 57% None 693 6.16%
Local Agency Inv. Fund (LAIF) $13,669,391 21% $40 Million 1 5.71%
Medium Term Notes $9,026,703 14% 20% 435 6.06%
Treasury Securities $999,731 1% None 1399 6.51%
Total $66,043,518 100%
1Z/03/1997 CITY OF HUNTINGTON BEACH PM - 1
PORTFOLIO MASTER SUMMARY CITY
OCTOBER 31, 1997 ACCRUAL
AVERAGE ---YIELD TO MATURITY---
PERCENT OF AVERAGE DAYS TO 360 365
INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT
------------------------------------------------------------------------------------------------------------------------------------
Repurchase Agreements........................$ 2,936,000.00 4.45 3 2 5.227 5.299
Bankers Acceptances..........................$ 1,945,607.78 2.95 179 66 5.638 5.717
Federal Agency Issues - Coupon...............$ 37,466,085.06 56.73 1,049 693 6.077 6.161
Local Agency Investment Funds................$ 13,669,390.64 20.70 1 1 5.627 5.705
Treasury Securities - Coupon.................$ 999,731.46 1.51 1,628 1,399 6.418 6.507
Medium Term Notes............................$ 9,026,703.13 13.67 697 435 5.973 6.056
------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVERAGES. ............$ 66,043,518.07 100.00% 720 476 5.924% 6.006%
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CASH
Passbook/Checking Accounts...................$ 0.00 0.000 0.000
(not included in yield calculations)
Accrued Interest at Purchase.................$ 16,701.88
----------------------------------------------------------------------------
TOTAL CASH and PURCHASE INTEREST.............$ 16,701.88
------------------------------------------------------------------------------
------------------------------------------------------------------------------
TOTAL CASH and INVESTMENTS.................$ 66,060,219.95
------------------------------------------------------------------------------
------------------------------------------------------------------------------
MONTH ENDING FISCAL FISCAL
TOTAL EARNINGS OCTOBER 31 YEAR TO DATE YEAR ENDING
Current Year $ 340,029.24 $ 340,029.24
AVERAGE DAILY BALANCE $ 67,919,648.94 $ 67,919,648.94
EFFECTIVE RATE OF RETURN 5.89% 5.89%
Current Budget $ 275,000.00 $ 275,000.00 $ 3,300,000.00
r
I certify that this report accurately reflects all City and Redevelopment Agency
S1 I L.WFREIRE: ICH pooled investments and is in conformity with all State laws and the investment
CITY THE policy statement filed with the City Council on Dec. 16, 1996. A copy of this
L/ o policy is available at the office of the City Clerk. The investment program
herein shown provides sufficient cash flow liquidity to meet the next 30 days,
DATE obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.
Kenney pricing services.
12/03/1997 CITY OF HUNTINGTON BEACH PM - 2
_NVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
OCTOBER 31, 1997 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
98-46 Sanwa Bank - Los Angeles 10/30/97 1,100,000.00 1,100,000.00 1,100,000.00 5.125 5.196 11/03/97 2
98-40 Union Bank 10/31/97 1,836,000.00 1,836,000.00 1,836,000.00 5.288 5.361 11/03/97 2
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 3,030,677.42 2,936,000.00 2,936,000.00
2,936,000.00 5.299 2
BANKERS ACCEPTANCES
2796 Bank of New York 07/25/97 972,851.67 1,000,000.00 987,930.00 5.460 5.690 A1P1 01/20/98 80
2792 First National Bank of Chic 06/27/97 972,756.11 1,000,000.00 992,460.00 5.510 5.743 A1P1 12/22/97 51
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 1,945,607.78 1,945,607.78 1,980,390.00
2,000,000.00 5.717 66
COMMERCIAL PAPER - DISCOUNT
AVERAGES 1,395,674.21
FEDERAL AGENCY ISSUES - COUPON
2759 FEDERAL FARM CREDIT BANK 05/14/96 2,000,000.00 2,000,000.00 2,002,500.00 6.750 6.750 AAA O5/14/99 559
2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,992,500.00 5.180 5.180 AAA 08/26/98 298
2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 995,470.00 5.300 5.300 AAA 11/18/98 382
2784 Federal Home Loan Bank 03/26/97 1,000,000.00 1,000,000.00 1,008,910.00 6.715 6.715 AAA 03/26/02 1,606
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 07/08/99 614
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 08/27/02 1,760
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 09/30/98 333
2806 Federal Home Loan Bank 10/15/97 1,000,000.00 1,000,000.00 1,000,620.00 6.230 6.317 AAA 10/15/01 1,444
2807 Federal Home Loan Bank 10/01/97 5,000,000.00 5,000,000.00 5,002,350.00 5.735 5.814 AAA 09/30/98 333
2810 Federal Home Loan Bank 10/27/97 1,000,000.00 1,000,000.00 999,370.00 5.893 5.962 AAA 10/02/98 335
2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,030,320.00 6.990 6.990 AAA 05/17/01 1,293
2774 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 1,000,310.00 6.000 6.000 AAA 12/24/98 418
2775 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 1,000,310.00 6.000 6.000 AAA 12/24/98 418
2803 Federal Home Loan Mort Corp 08/22/97 996,202.95 1,000,000.00 1,001,560.00 6.090 6.328 AAA 07/28/00 1,000
2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,996,618.21 3,000,000.00 2,995,320.00 5.000 5.454 AAA 02/2S/98 116
2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,000,000.00 1,000,000.00 1,000,470.00 6.210 6.210 AAA 03/24/99 508
2758 Fed: Nat'l Mort. Assoc. 05/14/96 1,997,216.99 2,000,000.00 2,010,940.00 6.850 6.912 AAA 05/26/00 937
2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 1,006,410.00 6.870 6.965 AAA 06/01/01 1,308
2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,018,440.00 7.070 7.070 AAA 06/25/01 1,332
2785 Fed. Nat'l Mort. Assoc. 03/27/97 1,000,000.00 1,000,000.00 1,002,970.00 6.660 6.660 AAA 03/27/00 877
2789 Fed. Nat'l Mort. Assoc. 06/25/97 999,592.25 1,000,000.00 999,530.00 5.480 5.804 AAA O1/02/98 62
2790 Fed. Nat'l Mort. Assoc. 06/25/97 1,492,992.54 1,500,000.00 1,490,865.00 5.720 6.185 AAA 02/16/99 472
2797 Fed. Nat'l Mort. Assoc. 08/08/97 998,077.99 1,000,000.00 999,690.00 6.140 6.319 AAA 08/07/00 1,010
2800 Fed. Nat'l Mort. Assoc. 08/12/97 993,129.18 1,000,000.00 1,007,660.00 6.150 6.408 AAA 08/O5/02 1,738
2801 Fed. Nat'l Mort. Assoc. 08/12/97 992,254.95 1,000,000.00 1,002,030.00 5.910 6.307 AAA 08/07/00 1,010
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 36,174,679.34 37,466,085.06 37,581,035.00
37,500,000.00 6.161 693
12/03/1997 CITY OF HUNTINGTON BEACH PM - 3
.NVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
OCTOBER 31, 1997 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
----------------------------------------------------------------------------------------------------------------------------------
LOCAL AGENCY INVESTMENT FUNDS
982 Laif City 8,673,097.12 8,673,097.12 8,673,097.12 5.705 5.705 NR 1
2206 LAIF-Redevelopment Agency 4,996,293.52 4,996,293.52 4,996,293.52 5.705 5.705 NR 1
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 14,830,154.25 13,669,390.64 13,669,390.64
13,669,390.64 5.705 1
TREASURY SECURITIES - COUPON
2783 UNITED STATES TREASURY 03/17/97 999,731.46 1,000,000.00 1,025,470.00 6.500 6.507 AAA O8/31/01 1,399
AVERAGES 1,967,436.08
MEDIUM TERM NOTES
2750 AT&T 02/26/96 999,953.83 1,000,000.00 998,930.00 5.410 5.506 AA3 01/30/98 90
2809 Banc One Corp. 10/14/97 1,004,819.67 1,000,000.00 1,006,240.00 6.250 6.145 AA- 09/01/00 1,035
2763 FORD MOTOR CORP. 05/07/96 1,001,325.00 1,000,000.00 1,001,520.00 8.000 6.417 A 12/01/97 30
2773 General Electric 12/24/96 1,004,333.18 1,000,000.00 1,002,050.00 8.000 5.790 AAA O1/15/98 75
2782 General Electric 03/04/97 1,005,185.63 1,000,000.00 1,005,220.00 7.000 5.711 AAA 03/24/98 143
2808 JP Morgan 10/02/97 999,474.50 1,000,000.00 1,002,910.00 6.125 6.230 AA 10/02/00 1,066
2805 Norwest Financial, Inc. 10/01/97 2,010,781.25 2,000,000.00 2,015,200.00 6.375 6.156 AA3 10/01/99 699
2756 US LIFE CORP O5/07/96 1,000,830.07 1,000,000.00 1,001,410.00 6.750 6.398 A2 01/15/98 75
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 8,575,419.87 9,026,703.13 9,033,480.00
9,000,000.00 6.056 435
-----------------------------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVG. $ 66,043,518.07 66,225,765.64
67,919,648.94 66,105,390.64 6.006% 476
---------------------------------------------------------------------------------------------------------
12/03/1997 CITY OF HUNTINGTON BEACH PM - 4
INVESTMENT PORTFOLIO DETAILS - CASH CITY
OCTOBER 31, 1997 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 16,701.88
--------------------------------------------------------------------------------
TOTAL CASH _ $ 16,701.88
-------------------------------------------------------------------------=-------------------------------
---------------------------------------------------------------------------------------------------------
TOTAL CASH and INVESTMENTS $ 67,919,648.94 66,060,219.95
---------------------------------------------------------------------------------------------------------
22/03/1997 CITY OF HUNTINGTON BEACH PM - 5
jRTFOLIO MASTER INVESTMENT ACTIVITY BY TYPL CITY
OCTOBER 1, 1997 - OCTOBER 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
97-301 Sanwa Bank - Los Angeles 5.500 10/01/1997 1,100,000.00
98-10 Sanwa Bank - Los Angeles 5.250 10/07/1997 1,100,000.00
10/08/1997 1,100,000.00
98-11 Sanwa Bank - Los Angeles 5.250 10/08/1997 1,100,000.00
10/09/1997 1,100,000.00
98-12 Sanwa Bank - Los Angeles 5.250 10/09/1997 1,100,000.00
10/10/1997 1,100,000.00
98-13 Sanwa Bank - Los Angeles 5.125 10/10/1997 1,100,000.00
10/14/1997 1,100,000.00
98-14 Sanwa Bank - Los Angeles 5.250 10/14/1997 1,100,000.00
10/15/1997 1,100,000.00
98-15 Sanwa Bank - Los Angeles 5.250 10/15/1997 1,100,000.00
10/16/1997 1,100,000.00
98-16 Sanwa Bank - Los Angeles 5.188 10/16/1997 1,100,000.00
10/17/1997 1,100,000.00
98-17 Sanwa Bank - Los Angeles 5.125 10/17/1997 1,100,000.00
10/20/1997 1,100,000.00
98-23 Sanwa Bank - Los Angeles 5.313 10/20/1997 1,100,000.00
10/21/1997 1,100,000.00
98-24 Sanwa Bank - Los Angeles 5.250 10/21/1997 1,100,000.00
10/22/1997 1,100,000.00
98-25 Sanwa Bank - Los Angeles 5.250 10/22/1997 1,100,000.00
10/23/1997 1,100,000.00
98-26 Sanwa Bank - Los Angeles 5.250 10/23/1997 1,100,000.00
10/24/1997 1,100,000.00
98-27 Sanwa Bank - Los Angeles 5.188 10/24/1997 11,000,000.00
10/27/1997 11,000,000.00
98-35 Sanwa Bank - Los Angeles 5.125 10/27/1997 1,100,000.00
10/28/1997 1,100,000.00
98-36 Sanwa Bank - Los Angeles 5.125 10/28/1997 1,100,000.00
10/29/1997 1,100,000.00
98-37 Sanwa Bank - Los Angeles 5.250 10/29/1997 1,100,000.00
10/30/1997 1,100,000.00
98-46 Sanwa Bank - Los Angeles 5.125 10/30/1997 1,100,000.00
98-6 Sanwa Bank - Los Angeles 5.250 10/01/1997 1,100,000.00
10/02/1997 1,100,000.00
98-7 Sanwa Bank - Los Angeles 5.250 10/02/1997 1,100,000.00
10/03/1997 1,100,000.00
98-8 Sanwa Bank - Los Angeles 5.188 10/03/1997 1,100,000.00
10/06/1997 1,100,000.00
98-9 Sanwa Bank - Los Angeles 5.250 10/06/1997 1,100,000.00
10/07/1997 1,100,000.00
12/03/1997 CITY OF HUNTINGTON BEACH PM - 6
jRTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
OCTOBER 1, 1997 - OCTOBER 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
97-305 Union Bank 5.975 10/01/1997 733,000.00
98-1 Union Bank 5.288 10/01/1997 1,133,000.00
10/02/1997 1,133,000.00
98-19 Union Bank 5.100 10/08/1997 2,203,000.00
10/09/1997 2,203,000.00
98-2 Union Bank 5.163 10/02/1997 233,000.00
10/03/1997 233,000.00
98-20 Union Bank 5.038 10/09/1997 1,210,000.00
10/10/1997 1,210,000.00
98-21 Union Bank 4.975 10/10/1997 1,604,000.00
10/14/1997 1,604,000.00
98-22 Union Bank 5.100 10/14/1997 856,000.00
10/15/1997 856,000.00
98-29 Union Bank 4.975 10/17/1997 634,000.00
10/20/1997 634,000.00
98-3 Union Bank 4.975 10/03/1997 605,000.00
10/06/1997 605,000.00
98-30 Union Bank 5.163 10/20/1997 729,000.00
10/21/1997 729,000.00
98-31 Union Bank 5.100 10/21/1997 347,000.00
10/22/1997 347,000.00
98-32 Union Bank 5.225 10/22/1997 1,888,000.00
10/23/1997 1,888,000.00
98-33 Union Bank 5.163 10/23/1997 2,070,000.00
10/24/1997 2,070,000.00
98-34 Union Bank 5.038 10/24/1997 1,205,000.00
10/27/1997 1,205,000.00
98-38 Union Bank 5.100 10/29/1997 346,000.00
10/30/1997 346,000.00
98-39 Union Bank 5.100 10/30/1997 656,000.00
10/31/1997 656,000.00
98-4 Union Bank 5.100 10/06/1997 982,000.00
10/07/1997 982,000.00
98-40 Union Bank 5.288 10/31/1997 1,836,000.00
98-5 Union Bank 5.038 10/07/1997 1,914,000.00
10/08/1997 1,914,000.00
SUBTOTALS and ENDING BALANCE 53,451,000.00 52,348,000.00 2,936,000.00
BANKERS ACCEPTANCES
1,945,607.78
12/03/1997 CITY OF HUNTINGTON BEACH PM - 7
jRTFOLIO MASTER INVESTMENT ACTIVITY BY TYPL CITY
OCTOBER 1, 1997 - OCTOBER 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
COMMERCIAL PAPER - DISCOUNT
2794 General Electric 5.500 10/09/1997 984,569.44
2795 General Electric 5.500 10/10/1997 984,416.67
2791 , Internation Lease Fin. Corp. 5.500 10/22/1997 982,125.00
2793 Sunbelt Dixie - Winn Dixie 5.590 10/07/1997 984,161.67
SUBTOTALS and ENDING BALANCE 0.00 3,935,272.78 0.00
FEDERAL AGENCY ISSUES - COUPON
2806 Federal Home Loan Bank 6.230 10/15/1997 1,000,000.00
2807 Federal Home Loan Bank 5.735 10/01/1997 5,000,000.00
2810 Federal Home Loan Bank 5.893 10/27/1997 1,000,000.00
SUBTOTALS and ENDING BALANCE 7,000,000.00 0.00 37,466,085.06
LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary)
982 Laif City 5.705 2,248,869.42 11,000,000.00
2206 LAIF-Redevelopment Agency 5.705 109,439.74 1,000,000.00
SUBTOTALS and ENDING BALANCE 2,358,309.16 12,000,000.00 13,669,390.64
TREASURY SECURITIES - COUPON
2787 UNITED STATES TREASURY 5.625 10/31/1997 1,000,000.00 999,731.46
MEDIUM TERM NOTES
2809 Banc One Corp. 6.250 10/14/1997 1,004,900.00
2808 JP Morgan 6.125 10/02/1997 999,460.00
2805 Norwest Financial, Inc. 6.375 10/01/1997 2,011,250.00
SUBTOTALS and ENDING BALANCE 4,015,610.00 0.00 9,026,703.13
------------------------------------------------------------------------
TOTALS 66,824,919.16 69,283,272.78 66,043,518.07
1;/03/1997 PM - 8
CITY OF HUNTINGTON BEACH CITY
INVESTMENT ACTIVITY SUMMARY ACCRUAL
OCTOBER 1996 through OCTOBER 1997
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
-------------------------------------------------------------------------------------------------------------------
October 96 27 55,915,357.08 5.822 5.903 5.601 25 24 628 475
November 96 27 54,815,162.80 5.815 5.895 5.599 18 18 641 466
December 96 32 69,689,082.72 5.755 5.835 5.574 27 22 535 385
January 97 29 65,400,483.10 5.799 5.880 5.583 /,Q" 2 ' 23 557 393
February 97 31 66,864,621.68 5.765 5.845 5.575 0�1pZ 19 548 375
March 97 35 67,893,588.14 5.848 5.930 5.580 b� �(/ 22 619 432
April 97 36 75,564,297.01 5.823 5.904 5.612 /�"r7 23 558 377
May 97 34 77,278,683.01 5.788 5.869 5.634 y 23 516 334
June 97 39 78,912,795.59 5.811 5.891 5.667 //q 24 500 316
July 97 40 71,857,379.73 5.785 5.866 5.679 /}� T 475 274
August 97 43 70,428,506.38 5.852 5.933 5.690 /9 1 581 378
September 97 41 68,504,258.44 5.884 5.966 5.707 � / o / 598 376
October 97 40 66,043,518.07 5.924 6.006 5.705 ,,-4 720 476
--------------------------------------------------------------------/-------------------------------
AVERAGES 35 $ 68,397,517.98 5.820% 5.902% 5.631% 913d 575 389
---------------------------------------------------------------------------------------------------
12/03/1997 PM - 9
CITY OF HUNTINGTON BEACH CITY
DISTRIBUTION OF INVESTMENTS BY TYPE
OCTOBER 1996 through OCTOBER 1997
MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------
END YEAR RPA SCD BAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MC1 MD1 PA1 GN1
------------------------------------------------------------------------------------------------------------------------------------
October 96 4.1 3.5 3.5 37.5 37.0 1.8 12.6
November 96 4.9 3.6 3.6 38.3 35.1 1.8 12.8
December 96 6.2 2.8 5.6 33.0 39.5 1.4 11.5
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 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
----------------------------------------------------------------------------------------------------------------------
AVERAGES 5.7% 3.7% 4.6% 37.6% 0.1% 36.2% 1.5% 0.6% 10.1%
----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------
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
State of California
Pooled Money Investment Account
Market Valuation
10/31/97
Description Carrying Cost,Plus Estimated 1
Accrued Interest Purch ;` Market Value Accrued interest:
United States Treasury:
Bills $ 1,183,752,659.34 $ 1,221,693,666.70 NA
Strips $ 121,604,450.00 $ 152,197,300.00 NA
Notes $ 5,742,268,164.61 $ 5,740,598,190.00 $ 80,945,206.69
Federal Agency:
Bonds $ 1,021,785,581.59 $ 1,021,845,892.50 $ 12,442,079.42
Floaters $ 219,995,687.30 $ 219,991,250.00 $ 2,415,756.75
MBS $ 147,810,747.11 $ 147,948,255.56 $ 872,844.44
GNMA $ 2,720,100.69 $ 3,132,668.10 $ 26,655.78
SBA $ 214,024,950.63 $ 215,094,021.34 $ 2,141,773.22
FHLMC PC $ 26,785,714.02 $ 28,720,364.90 $ 429,926.29
Discount Notes $ 596,727,895.36 $ 600,768,887.14 NA
Bankers Acceptances $ 423,818,017.51 $ 424,612,685.55 NA
Corporate:
Bonds $ 1,055,073,989.75 $ 1,054,965,415.19 $ 13,940,945.03
Floaters $ 470,512,929.42 $ 471,017,070.00 $ 2,590,619.69
CDs $ 6,334,931,892.35 $ 6,334,426,044.19 $ 20,763,337.50
Bank Notes $ 1,030,000,000.00 $ 1,029,918,122.95 $ 3,833,611.11
Repurchase Agreements $ 29,650,000.00 $ 29,650,000.00 NA
Time Deposits $ 967,095,000.00 $ 967,095,000.00 NA
AB 55 & GF Loans $ 3,333,053,646.00 $ 3,333,053,646.00 NA
Commercial Paper $ 5,463,455,071.80 $ 5,473,749,109.03 NA
Reverse Repurchase $ (395,712,250.00) $ (395,712,250.00) ($243,743.50)
TOTAL $ 27,989,354,247.48 $ 28,074,765,339.15 $ 140,159,012.42
Estimated Market Value Including Accrued Interest $ 28,214,924,351.57
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 Report Summaries
COUNCIL MEETING DATE: December 15, 1997
- _ . ......
RCA ATTAC H M ENTS
STATUS
Ordinance (w/exhibits & legislative draft if applicable) Not Applicable
Resolution (w/exhibits & legislative draft if applicable) Not Applicable
Tract Map, Location Map and/or other Exhibits Not Applicable
Contract/Agreement (w/exhibits if applicable)
(Signed in full by the City Attorney) Not Applicable
Subleases, Third Party Agreements, etc.
(Approved.as to form by City Attomey) 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
... ......... ...... ........ ........ ......... ......... ......... ..... ...... ......... ......... .............-
. ORE MO
.
REVIEWED RETURNED FOR DED
Administrative Staff ( ) ( )
Assistant City Administrator (Initial) ( ) ( )
City Administrator (Initial) ( ) ( )
City Clerk ( )
... _._.... .................
Only)(Below Space For City Clerk's Use
Treasurer's Report-Shari L.Freidenrich, CPA
INVESTMENT POLICY 97/98
lww
Shari L. Freidenrich, CPA
December 15, 1997 Slide 1
Treasurer's Report-Shari L.Freidenrich, CPA
Investment Policy
• Approved by IAB in November.
• Annually updated/revised
Slide 2
Treasurer's Report-Shari L.Freidenrich, CPA
Major Changes
• MTA Model Investment Policy
• GFOA Model Investment Policy
• Internal Control Enhancements
• Other Changes
Slide 3
Treasurer's Report-Shari L.Freidenrich, CPA
Major Changes
• Table of Contents/Glossary
• Sect. 9.0 - Auth. Dealers/Inst.
• Sect. 10.0 Auth. Investments
•Master Repurchase Agreement
•Investment Pools Due Diligence
Slide 4
Treasurer's Report-Shari L.Freidenrich, CPA
Major Changes
•Minimum ratings established
• Benchmark - 1 year Treasury Bill
• Sect. 18.0 Timeliness of Report.
Slide 5
Treasurer's Report-Shari L.Freidenrich, CPA
Recommendation
• Approval of 97/98 Investment
Policy
Slide 6
►'�ti C.T,�aa,o.
Council/Agency Meeting Held: ii1ol9.1 &/0. Q0
Deferred/Continued to:
aAp roved Conditionally Approved ❑ Denied "ef wZ% City Clerk' ignature
Council Meeting Date: November 3, 1997 Department ID Number: 97-014
CITY OF HUNTINGTON BEACH
REQUEST FOR COUNCIL ACTION o
SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS "
SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer
PREPARED BY: SHARI L. FREIDENRICH, City Treasurer
SUBJECT: ACCEPT SEPTEMBER INVESTMENT SUMMARY REVIEW
[Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Stat ,Attachment(s)
Statement of Issue: Review and accept the monthly investment report for September,
1997 pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
Funding Source: Not applicable.
Recommended Action: Motion to accept the monthly Investment Report for September,
following review of the report, pursuant to Section 17.0 of the Investment Policy of the City of
Huntington Beach.
Alternative Action(sl: Deny or critique monthly report.
RCQUEST FOR COUNCIL ACTIuN
MEETING DATE: November 3, 1997 DEPARTMENT ID NUMBER: 97-014
Analysis:
Environmental Status:
Attachment(s1:
City Clerk's
Page Number No. Description
RCA Author: Shari L. Freidenrich
DocumenQ -2- 10/14/97 1:11 PM
ATTACHMENT # 1
City of Huntington Beach
Summary of Investment Portfolio
Activity for September , 1997
Financial Information: Increase
August September (Decrease)
End of month City Portfolio Balance $70,428,506 $68,504,258 ($1,924,248)
Accrued Interest at Purchase $10,566 $5,911 ($4,655)
Interest Earned for Month $340,942 $334,974 ($5,968)
Earned Interest Yield Average 5.86% 5.94% 0.08%
Average Maturity ( in days) 378 376 -2
End of Month Market Value $70,541,746 $68,671,221 ($1,870,525)
End of month bank cash balance $2,476,788 $2,883,766 $406,978
Comparison to Budget: Increase
Budget Actual (Decrease)
Interest Earned for Month $275,000 $334,974 $59,974
Interest Earned Year to Date $3,300,000 $3,889,329 $589,329
Earned Interest Yield Year to Date 5.25% 5.77% 0.52%
Transaction Summary: Increase
August September (Decrease)
Number of Securities Purchased 49 37 -12
Number of Securities Matured/Sold 46 39 -7
Summary by Individual Investment:
Days Int.
September % of Total Policy Limit to Mat. Rate
Repurchase Agreements $1,833,000 3% None 1 5.77%
Bankers Acceptances $1,945,608 3% 25% 97 5.72%
Federal Agy Issues - Coupon $30,463,526 44% None 770 6.22%
Local Agency Inv. Fund (LAIF) $23,311,081 34% $40 Million 1 5.71%
Medium Term Notes $5,016,118 7% 20% 114 5.96%
Commercial Paper $3,935,273 6% 15% 11 5.69%
Treasury Securities $1,099,652 3% None 730 6.11%
Total $68,504,258 100%
10/16/1997 CITY OF HUNTINGTON BEACH PM - 1
PORTFOLIO MASTER SUMMARY CITY
SEPTEMBER 30, 1997 ACCRUAL
AVERAGE ---YIELD TO MATURITY---
PERCENT OF AVERAGE DAYS TO 360 365
INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT
------------------------------------------------------------------------------------------------------------------------------------
Repurchase Agreements..... ...................$ 1,833,000.00 2.68 1 0 5.690 5.769
Bankers Acceptances..........................$ 1,945,607.78 2.84 179 97 5.638 5.717
Commercial Paper - Discount..................$ 3,935,272.78 5.74 105 11 5.613 5.691
Federal Agency Issues - Coupon...............$ 30,463,526.27 44.47 1,171 770 6.133 6.219
Local Agency Investment Funds................$ 23,311,081.48 34.03 1 1 5.629 5.707
Treasury Securities - Coupon.................$ 1,999,651.88 2.92 909 730 6.027 6.111
Medium Term Notes...... ......................$ 5,016,118.25 7.32 533 114 5.882 5.964
------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVERAGES.............$ 68,504,258.44 100.00% 598 376 5.884% 5.966%
CASH
Passbook/Checking Accounts...................$ 0.00 0.000 0.000
(not included in yield calculations)
Accrued Interest at Purchase.................$ 5,910.56
----------------------------------------------------------------------------
TOTAL CASH and PURCHASE INTEREST.............$ 5,910.56
TOTAL CASH and INVESTMENTS.................$ 68,510,169.00
------------------------------------------------------------------------------
------------------------------------------------------------------------------
MONTH ENDING FISCAL FISCAL
TOTAL EARNINGS SEPTEMBER 30 YEAR TO DATE YEAR ENDING
Current Year $ 334,973.95 $ 3,889,329.32 $ 3,889,329.32
AVERAGE DAILY BALANCE $ 68,579,209.87 $ 67,371,646.64
EFFECTIVE RATE OF RETURN 5.94% 5.77%
Current Budget $ 275,000.00 $ 3,300,000.00 $ 3,300,000.00
I certify that this report accurately reflects all City and Redevelopment Agency
S L. FR DE ICA pooled investments and is in conformity with all State laws and the investment
CITY TREASURER policy statement filed with the City Council on Dec. 16, 1996. A copy of this
policy is available at the office of the City Clerk. The investment program
/i herein shown provides sufficient cash flow liquidity to meet the next 30 days,
DATE obligations. Market Values provided by Union Bank via Merrill Lynch and J.J.
Kenney pricing services.
I
10/16/1997 CITY OF HUNTINGTON BEACH PM - 2
NVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
SEPTEMBER 30, 1997 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
97-301 Sanwa Bank - Los Angeles 09/30/97 1,100,000.00 1,100,000.00 1,100,000.00 5.500 5.576 10/01/97 0
97-305 Union Bank 09/30/97 733,000.00 733,000.00 733,000.00 5.975 6.058 10/01/97 0
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 2,379,366.67 1,833,000.00 1,833,000.00
1,833,000.00 5.769 0
BANKERS ACCEPTANCES
2796 Bank of New York 07/25/97 972,851.67 1,000,000.00 982,890.00 5.460 5.690 A1P1 01/20/98 ill
2792 First National Bank of Chic 06/27/97 972,756.11 1,000,000.00 987,380.00 5.510 5.743 A1P1 12/22/97 82
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 2,173,462.64 1,945,607.78 1,970,270.00
2,000,000.00 5.717 97
COMMERCIAL PAPER - DISCOUNT
2794 General Electric 06/30/97 984,569.44 1,000,000.00 998,770.00 5.500 5.664 10/09/97 8
2795 General Electric 06/30/97 984,416.67 1,000,000.00 998,620.00 5.500 5.665 10/10/97 9
2791 Internation Lease Fin. Corp 06/27/97 982,125.00 1,000,000.00 996,770.00 5.500 5.678 A1P1 10/22/97 21
2793 Sunbelt Dixie - Winn Dixie 06/27/97 984,161.67 1,000,000.00 999,070.00 5.590 5.759 A1P1 10/07/97 6
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 3,935,272.78 3,935,272.78 3,993,230.00
4,000,000.00 5.691 11
FEDERAL AGENCY ISSUES - COUPON
2759 FEDERAL FARM CREDIT BANK 05/14/96 2,000,000.00 2,000,000.00 2,002,820.00 6.750 6.750 05/14/99 590
2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,991,240.00 5.180 5.180 08/26/98 329
2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 994,370.00 5.300 5.300 11/18/98 413
2784 Federal Home Loan Bank 03/26/97 1,000,000.00 1,000,000.00 1,005,000.00 6.715 6.715 03/26/02 1,637
2798 Federal Home Loan Bank 08/08/97 2,000,000.00 2,000,000.00 2,001,240.00 5.995 6.078 07/08/99 645
2799 Federal Home Loan Bank 08/27/97 1,000,000.00 1,000,000.00 999,220.00 6.500 6.590 08/27/02 1,791
2804 Federal Home Loan Bank 09/30/97 2,000,000.00 2,000,000.00 1,998,740.00 5.735 5.815 09/30/98 364
2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,024,680.00 6.990 6.990 05/17/01 1,324
2774 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 1,000,000.00 6.000 6.000 12/24/98 449
2775 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 1,000,000.00 6.000 6.000 12/24/98 449
2803 Federal Home Loan Mort Corp 08/22/97 996,087.54 1,000,000.00 998,120.00 6.090 6.328 07/28/00 1,031
2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,995,728.27 3,000,000.00 2,995,770.00 5.000 5.454 02/25/98 147
2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,000,000.00 1,000,000.00 999,220.00 6.210 6.210 03/24/99 539
2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,997,124.92 2,000,000.00 2,010,620.00 6.850 6.912 05/26/00 968
2762 Fed. Nat'l Mort. Assoc. OS/30/96 1,000,000.00 1,000,000.00 1,006,250.00 6.870 6.870 06/01/01 1,339
2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,015,620.00 7.070 7.070 06/25/01 1,363
2785 Fed. Nat'l Mort. Assoc. 03/27/97 1,000,000.00 1,000,000.00 1,002,970.00 6.660 6.660 03/27/00 908
2789 Fed. Nat'l Mort. Assoc. 06/25/97 999,391.71 1,000,000.00 999,690.00 5.480 5.804 01/02/98 93
2790 Fed. Nat'l Mort. Assoc. 06/25/97 1,492,540.45 1,500,000.00 1,489,920.00 5.720 6.185 02/16/99 503
2797 Fed. Nat'l Mort. Assoc. 08/08/97 997,622.80 1,000,000.00 997,340.00 6.140 6.319 08/07/00 1,041
10/16/1997 CITY OF HUNTINGTON BEACH PM - 3
AVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
SEPTEMBER 30, 1997 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. 08/12/97 993,008.92 1,000,000.00 997,810.00 6.150 6.408 08/05/02 1,769
2801 Fed. Nat'l Mort. Assoc. 08/12/97 992,021.66 1,000,000.00 997,190.00 5.910 6.307 08/07/00 1,041
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 28,862,477.36 30,463,526.27 30,527,830.00
30,500,000.00 6.219 770
FEDERAL AGENCY ISSUES - DISCOUNT
AVERAGES 232,980.09
LOCAL AGENCY INVESTMENT FUNDS
982 Laif City 10/01/96 17,424,227.70 17,424,227.70 17,424,227.70 5.707 5.707 1
2206 LAIF-Redevelopment Agency 10/01/96 5,886,853.78 5,886,853.78 5,886,853.78 5.707 5.707 1
2703 Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 1
2703-A Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 1
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 23,977,748.15 23,311,081.48 23,311,081.48
23,311,081.48 5.707 1
TREASURY SECURITIES - COUPON
2783 UNITED STATES TREASURY 03/17/97 999,725.51 1,000,000.00 1,017,660.00 6.500 6.507 08/31/01 1,430
2787 UNITED STATES TREASURY 04/23/97 999,926.37 1,000,000.00 1,000,160.00 5.625 5.715 10/31/97 30
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 1,999,613.51 1,999,651.88 2,017,820.00
2,000,000.00 6.111 730
MEDIUM TERM NOTES
2750 AT&T 02/26/96 999,938.27 1,000,000.00 999,170.00 5.410 5.506 01/30/98 121
2763 FORD MOTOR CORP. 05/07/96 1,002,650.00 1,000,000.00 1,003,620.00 8.000 6.417 12/01/97 61
2773 General Electric 12/24/96 1,006,089.87 1,000,000.00 1,005,930.00 8.000 5.790 01/15/98 106
2782 General Electric 03/04/97 1,006,273.53 1,000,000.00 1,006,800.00 7.000 5.711 03/24/98 174
2756 US LIFE CORP 05/07/96 1,001,166.58 1,000,000.00 1,002,470.00 6.750 6.398 01/15/98 106
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 5,018,288.67 5,016,118.25 5,017,990.00
5,000,000.00 5.964 114
-----------------------------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVG. $ 68,504,258.44 68,671,221.48
68,579,209.87 68,644,081.48 5.966% 376
10/16/1997 CITY OF HUNTINGTON BEACH PM - 4
INVESTMENT PORTFOLIO DETAILS - CASH CITY
SEPTEMBER 30, 1997 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 5,910.56
--------------------------------------------------------------------------------
TOTAL CASH $ 5,910.56
---------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------
TOTAL CASH and INVESTMENTS $ 68,579,209.87 68,510,169.00
---------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------
10/16/1997 CITY OF HUNTINGTON BEACH PM - 5
2TFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
SEPTEMBER 1, 1997 - SEPTEMBER 30, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
97-265 Sanwa Bank - Los Angeles 5.313 09/02/1997 3,400,000.00
97-267 Sanwa Bank - Los Angeles 5.313 09/02/1997 3,700,000.00
09/03/1997 3,700,000.00
97-268 Sanwa Bank - Los Angeles 5.250 09/03/1997 3,800,000.00
09/04/1997 3,800,000.00
97-269 Sanwa Bank - Los Angeles 5.188 09/04/1997 3,800,000.00
09/05/1997 3,800,000.00
97-270 Sanwa Bank - Los Angeles 5.125 09/05/1997 800,000.00
09/08/1997 800,000.00
97-271 Sanwa Bank - Los Angeles 5.188 09/08/1997 1,800,000.00
09/09/1997 1,800,000.00
97-272 Sanwa Bank - Los Angeles 5.188 09/09/1997 1,800,000.00
09/10/1997 1,800,000.00
97-277 Sanwa Bank - Los Angeles 5.250 09/10/1997 3,400,000.00
09/11/1997 3,400,000.00
97-278 Sanwa Bank - Los Angeles 5.250 09/11/1997 4,400,000.00
09/12/1997 4,400,000.00
97-279 Sanwa Bank - Los Angeles 5.125 09/12/1997 2,000,000.00
09/15/1997 2,000,000.00
97-280 Sanwa Bank - Los Angeles 5.188 09/15/1997 2,000,000.00
09/16/1997 2,000,000.00
97-281 Sanwa Bank - Los Angeles 5.125 09/16/1997 1,000,000.00
09/17/1997 1,000,000.00
97-282 Sanwa Bank - Los Angeles 5.188 09/17/1997 1,100,000.00
09/18/1997 1,100,000.00
97-283 Sanwa Bank - Los Angeles 5.125 09/18/1997 1,100,000.00
09/19/1997 1,100,000.00
97-284 Sanwa Bank - Los Angeles 5.125 09/19/1997 1,100,000.00
09/22/1997 1,100,000.00
97-285 Sanwa Bank - Los Angeles 5.125 09/22/1997 1,100,000.00
09/23/1997 1,100,000.00
97-292 Sanwa Bank - Los Angeles 5.188 09/23/1997 1,100,000.00
09/24/1997 1,100,000.00
97-293 Sanwa Bank - Los Angeles 5.188 09/24/1997 1,100,000.00
09/25/1997 1,100,000.00
97-294 Sanwa Bank - Los Angeles 5.250 09/25/1997 1,100,000.00
09/26/1997 1,100,000.00
97-295 Sanwa Bank - Los Angeles 5.188 09/26/1997 1,100,000.00
09/29/1997 1,100,000.00
97-300 Sanwa Bank - Los Angeles 5.250 09/29/1997 1,100,000.00
09/30/1997 1,100,000.00
97-301 Sanwa Bank - Los Angeles 5.500 09/30/1997 _1,100,000.00
10/16/1997 CITY OF HUNTINGTON BEACH PM - 6
ATFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
SEPTEMBER 1, 1997 - SEPTEMBER 30, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
97-275 Union Bank 5.100 09/02/1997 880,000.00
97-276 Union Bank 5.163 09/03/1997 284,000.00
09/04/1997 284,000.00
97-286 Union Bank 5.038 09/09/1997 120,000.00
09/10/1997 120,000.00
97-287 Union Bank 5.163 09/10/1997 236,000.00
09/11/1997 236,000.00
97-288 Union Bank 5.038 09/12/1997 867,000.00
09/15/1997 867,000.00
97-289 Union Bank 5.100 09/16/1997 2,526,000.00
09/17/1997 2,526,000.00
97-290 Union Bank 5.038 09/17/1997 260,000.00
09/18/1997 260,000.00
97-291 Union Bank 5.038 09/18/1997 802,000.00
09/19/1997 802,000.00
97-297 Union Bank 5.038 09/19/1997 981,000.00
09/22/1997 981,000.00
97-298 Union Bank 5.100 09/22/1997 1,600,000.00
09/23/1997 1,600,000.00
97-299 Union Bank 5.038 09/23/1997 109,000.00
09/24/1997 109,000.00
97-302 Union Bank 5.163 09/25/1997 899,000.00
09/26/1997 899,000.00
97-303 Union Bank 5.163 09/26/1997 1,136,000.00
09/29/1997 1,136,000.00
97-304 Union Bank 5.288 09/29/1997 1,080,000.00
09/30/1997 1,080,000.00
97-305 Union Bank 5.975 09/30/1997 733,000.00
SUBTOTALS and ENDING BALANCE 51,133,000.00 53,580,000.00 1,833,000.00
BANKERS ACCEPTANCES
2786 TOKYO-MITSUBISHI BANK 5.750 09/08/1997 976,520.83 1,945,607.78
COMMERCIAL PAPER - DISCOUNT
3,935,272.78
FEDERAL AGENCY ISSUES - COUPON
2781 Federal Home Loan Bank 6.060 09/11/1997 1,000,000.00
2804 Federal Home Loan Bank 5.735 09/30/1997 2,000,000.00
SUBTOTALS and ENDING BALANCE 2,000,000.00 1,000,000.00 30,463,526.27
10/16/1997 CITY OF HUNTINGTON BEACH PM - 7
A/TFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
SEPTEMBER 1, 1997 - SEPTEMBER 30, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
FEDERAL AGENCY ISSUES - DISCOUNT
2802 Federal Home Loan Mort Corp 5.450 09/08/1997 998,486.11 0.00
LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary)
2206 LAIF-Redevelopment Agency 5.707 7,500,000.00 6,000,000.00 23,311,081.48
TREASURY SECURITIES - COUPON
1,999,651.88
MEDIUM TERM NOTES
5,016,118.25
------------------------------------------------------------------------
TOTALS 60,633,000.00 62,555,006.94 68,504,258.44
------------------------------------------------------------------------
------------------------------------------------------------------------
10/16/1997 PM - 8
CITY OF HUNTINGTON BEACH CITY
INVESTMENT ACTIVITY SUMMARY ACCRUAL
OCTOBER 1996 through SEPTEMBER 1997
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
-------------------------------------------------------------------------------------------------------------------
October 96 27 55,915,357.08 5.822 5.903 5.601 25 24 628 475
November 96 27 54,815,162.80 5.815 5.895 5.599 18 18 641 466
December 96 32 69,689,082.72 5.755 5.835 5.574 27 22 535 385
January 97 29 65,400,483.10 5.799 5.880 5.583 0 23 557 393
February 97 31 66,864,621.68 5.765 5.845 5.575 3 19 548 375
March 97 35 67,893,588.14 5.848 5.930 5.580 6 22 619 432
April 97 36 75,564,297.01 5.823 5.904 5.612 3 23 558 377
May 97 34 77,278,683.01 5.788 5.869 5.634 1 23 516 334
June 97 39 78,912,795.59 5.811 5.891 5.667 9 24 500 316
July 97 40 71,857,379.73 5.785 5.866 5.679 3 42 475 274
August 97 43 70,428,506.38 5.852 5.933 5.690 9 45 581 378
September 97 41 68,504,258.44 5.884 5.966 5.707 3 38 598 376
---------------------------------------------------------------------------------------------------
AVERAGES 35 $ 68,593,684.64 5.812% 5.893% 5.625% 9 27 563 382
---------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------
10/16/1997 PM - 9
CITY OF HUNTINGTON BEACH CITY
DISTRIBUTION OF INVESTMENTS BY TYPE
OCTOBER 1996 through SEPTEMBER 1997
MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------
END YEAR RPA SCD BAC COM CPI PAC FAD LA1 TRC TRD MTN NCB BCD MCl MD1 PA1 GN1
------------------------------------------------------------------------------------------------------------------------------------
October 96 4.1 3.5 3.5 37.5 37.0 1.8 12.6
November 96 4.9 3.6 3.6 38.3 35.1 1.8 12.8
December 96 6.2 2.8 5.6 33.0 39.5 1.4 11.5
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 31.0 2.8 7.1
September 97 2.7 2.8 5.7 44.5 34.0 2.9 7.3
----------------------------------------------------------------------------------------------------------------------
AVERAGES 5.8% 3.8% 4.9% 36.0% 0.1% 37.5% 1.5% 0.7% 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 MC1 - Medium Term Notes
MD1 - Miscellaneous Securities - Discount PA1 - Mutual Funds / Passbook
GN1 - Mortgage Backed Securities
State of California
Pooled Money Investment Account
Market Valuation
9/30I97
Desc�iptiori _ Carrying:Cost Plus t Esticnated
Acci*ued Interest Purdh
MaricetVafue Accrued Interest
United States Treasury:
Bills $ 1,183,752,659.34 $ 1.216 043,069.35� NA
Strips $ 121,604,450.00 S 151 A54,200.00; NA
Notes $ 5,842,802,381.39 $ 5,830.964,370.00; $ 68,687,880.74
Federal Agency-
Bonds S 846,716,299.56 $ :845;999,209.00 $ 12,882,972.17
Floaters $ 219,.990,397.05 $ 219,995,850.00. $ 1,313,724.75
MSS $ 149,176,189.30 $ 148;342,863.79 $ 880,840.06
GNMA $ 2,795,688.60 $ .3193,848.28. S 27,224.32
2i$,527,030.99 $ ; 4SBA $ : $ 2,185,228.33
FHLMC PC $ 27,312,878.28 $ 29 286,362.77: $ 438,471.58
Discount Notes $ 461,273,086.76 $ 463,569,600.00` NA
Bankers Acceptances $ 617,966,957.70 $ 618,916,397.98' NA
Corporate:
Bonds $ 990,233,281.44 $ 988;975.058.73 $ 14,540,085.03
Floaters . $ 490,498,261.92 $ 4901:929,335.00` S 1,253,947.98
CDs S 7,164,223,697.76 $ 7.1641:486,139.02; S 19,303,290.82
Bank Notes $ 1,005,000,630.00 $ 1,004,985,604-24. S 4,734,466.67
Re urchase Agreements $ 75,000,000.00 $ 751:000,000.00` NA
Time Deposits $ 796,296,000.00 $ .796;295,000.00 NA
AS 55 &GF Loans S 2,158,151"787.00 $ 2,158151,787.00 NA
Commercial Paper $ 6,523,923,985.70 S 61529:359,340.43. NA
Reverse Repurchase 5 395,712.250,00) $ 395,712,250.00) $14,772.33)
TOTAL $ 28,497,532,412.88 S 28,559,589,960.87 S 126,233,360.11
Estimated Market Value Including Accrued Interest $ 28,685823,320.98
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 (SNs), and Commercial Paper(CPs) less
than 90 days are carried at portfolio book valve (carrying cost): Interest accrued
from the date of purchase on CDs and BNs under 90 days is not included,
TOTAL P.01r
RCA ROUTING SHEET
INITIATING DEPARTMENT: CITY TREASURER
SUBJECT: INVESTMENT REPORT SUMMARIES
COUNCIL MEETING DATE: November 3, 1997
........... . . ........ . .. . _.. ........ ......... ........
- ......... ......
RCA ATTACHMENTS A
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
........ -
EXP;LANATION FOR MISSING ATTACHMENTS
_.
REVIEWED RETURNED; >FORW D
.. ... .....
Administrative Staff ( )
Assistant City Administrator (Initial)
City Administrator (Initial) ( ) ( )
City Clerk ( )
....... .......... ......................... ........ ..... ........ .. ... . .......
........ ........ ......... . _.. ...........
EXPLANATION FOR RETURN OF ITEM.
Space . Only)
RCA Author: Shari L. Freidenrich, City Treasurer
RECEIVED FROM
AND MADE A PART OF THE RECORD AT E
COUNCIL MEETING OF_/—3"R
OFFICE OF THE CITY CLERK
GONNIR RR9914WAY,CITY CLERK
7fHa uf9f' F1ap art-3hl jfl L,rP3JJ�l1f1L'll,.(iiJrl
Fj
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I
i r L
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m o o a � o o slide 1
I
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o a �.�
R0um o 0 0 0 0 ,o.
Portfolio Balances by Type
f— ❑ram
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z
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i
S
1
lPBsi�Jf�r� "�nrJDl1- ,'{^r,,P-��(jl��'�'yp/J, �J^i-;'
OHW@
Percentage of Total
AAA
0•.
Al'Not Rated
Slide 3
VA
i
rIHJ�Jl�I�f13,ucw!-31inri L rhILJ3Afjr h, riiJrl
Individual Investments: September 1997
Investment Type Portfolio Percent Policy Limit I'
Repurchase Agree. 3% None
Banker Acceptances 3% 25%
Federal Agcy. Issues 44% None
LAIF $23M $ 40 M
Med Term Notes 7% 20%
Commercial Paper 6% 15%
US Treasuries 3% None Slide 4
If3J �f9f RsopvT!-DMi1J L.Y-r3jda�rjd,,'fl,:CPA
hwaangt
Annualized Average Daily Portfolio Balance
(in millions)
� i
i
Slide 5
lf3J�Jf3f f1-;:�pvr!-:ill:ifl L.rf31:13n1,kr 1,LPA
awo�d Moog Ow
• Requires 32% ❑9 2�iJ
at 9-30-97 �`� ❑&90@&DUO II
■.0 0 9 W9
❑9 g.0VU
OM
Slide 6
i
3i
t
1 _
a
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00 FYa/o.0 0.. Lao F
1 1 1 1 1 1
(S2,000,000j �� (s2s5,000j (s2s,5,ej �r
_ ,0o0,000) ril (S3,1a2, j (sa,sa9,oaoj
($12,000,000)
($»,00o,000), --
� _(33.1509, 8j
(522,000,000j�'�^
-
�s
C TotalActual mash 'to Slide
rl�'J:�Jf�1' r/���JJr!Y-,,�_J`IJsJfI"��.:�Yh�,l��lJll�'tJ,{ri�r•I
�nroo�a�i E rest Eamin on Portfolio
1 1 1 1 1 $250,000
1i Increase
11 111 _
3 _
imp
i
Tr�J�rr�r�riHfJJTf'Jl1 171�.YP�I��IIY%.'IJ, _r;.PA
LM#T-M1 Gam, Actual LNF
� ,,. I ter: r�.fr•-�,—= F�,C�h
Slide 9
t
i
Tl9.J�JPHl��F18,ODP3-�%J?/TI�, YP91C/BIJPI�IJ, r:�'I
IAB/Council Joint Study Session
Recommendation to City Council
Slide 10
J
i
solo C. T(Lo.14 .
Council/Agency Meeting Held: i a l aol9 to. ao
Deferred/Continued to:
L"pproved ❑ Conditionally Approved ❑ Denied pya,-�7 City Clerles Signature
-o
Council Meeting Date: 10/20/97 Department ID Number: CT 97-013
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: ACCEPT AUGUST INVESTMENT SUMMARY REVIEW
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, 1997
pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
Funding Source: Not applicable.
Recommended Action: Following review of the report, by motion of Council, accept the
Monthly Investment Report for August, 1997, pursuant to Section 17.0 of the Investment
Policy of the City of Huntington Beach.
Alternative Action(s): Deny or critique monthly report.
REQUEST FOR COUNCIL ACTION
MEETING DATE: 10/20/97 DEPARTMENT ID NUMBER: CT 97-013
Analysis: Not applicable.
Environmental Status: Not applicable.
Attachment(sl:
City Clerk's
Page Number
.. ..
Monthly Investment Report and Summary of Investments for August, 1997
0019719.01 -2- 10/08/97 2:16 PM
.City of Huntington Beach
Summary of Investment Portfolio
Activity for August , 1997
Financial Information: Increase .
July August (Decrease)
End of month City Portfolio Balance $71,857,380 $70,428,506 ($1,428,874)
Accrued Interest at Purchase $33,757 $10,566 ($23,191)
Interest Earned for Month $371,487 $340,942 ($30,545)
Earned Interest Yield Average 5.85% 5.86% 0.01%
Average Maturity ( in days) 274 378 104
End of Month Market Value $72,081,970 $70,541,746 ($1,540,224)
End of month bank cash balance $2,476,789 $2,476,788 ($1)
Comparison to Budget: Increase
Budget Actual (Decrease)
Interest Earned for Month $275,000 $340,942 $65,942
Interest Earned Year to Date $3,025,000 $3,554,355 $529,355
Earned Interest Yield Year to Date 5.25% 5.76% 0.51%
Transaction Summary: Increase
July August (Decrease)
Number of Securities Purchased 43 49 6
Number of Securities Matured/Sold 43 46 3
Summary by Individual Investment:
Days Int.
August % of Total Policy Limit to Mat. Rate
Repurchase Agreements $4,280,000 6% None 1 5.34%
Bankers Acceptances $2,922,129 4% 25% 87 5.80%
Federal Agy Issues - Coupon $29,461,356 42% None 813 6.24%
Federal Agy Issues - Discount $998,486 1% None 7 5.53%
Local Agency Inv. Fund (LAIF) $21,811,081 31% $40 Million 1 5.69%
Medium Term Notes $5,020,609 7% 20% 144 5.96%
Commercial Paper $3,935,273 6% 15% 41 5.69%
Treasury Securities $1,999,572 3% None 760 6.11%
Total $70,428,506 100%
10/10/1997 CITY OF HUNTINGTON BEACH PM - 1
PORTFOLIO MASTER SUMMARY CITY
AUGUST 31, 1997 ACCRUAL
AVERAGE ---YIELD TO MATURITY---
PERCENT OF AVERAGE DAYS TO 360 365
INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT
------------------------------------------------------------------------------------------------------------------------------------
Repurchase Agreements........................$ 4,280,000.00 6.08 4 1 5.269 5.342
Bankers.Acceptances..........................$ 2,9A2,128.61 4.15 168 87 5.722 5.801
Commercial Paper - Discount..................$ 3,935,272.78 5.59 105 41 5.613 5.691
Federal Agency Issues - Coupon...............$ 29,461,356.12 41.83 1,204 813 6.155 6.241
Federal Agency Issues - Discount.............$ 998,486.11 1.42 10 7 5.458 5.534
Local Agency Investment Funds................$ 21,811,081.48 30.97 1 1 5.612 5.690
Treasury Securities - Coupon.................$ 1,999,572.50 2.84 909 760 6.027 6.111
Medium Term Notes............................$ 5,020,608.78 7.13 533 144 5.882 5.964
------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVERAGES.............$ 70,428,506.38 100.00% 581 378 5.8521k 5.933%
CASH
Passbook/Checking Accounts...................$ 0.00 0.000 0.000
(not included in yield calculations)
Accrued Interest at Purchase.................$ 5,910.56
----------------------------------------------------------------------------
TOTAL CASH and PURCHASE INTEREST.............$ 5,910.56
TOTAL CASH and INVESTMENTS.................$ 70,434,416.94
A
MONTH ENDING FISCAL FISCAL
TOTAL EARNINGS AUGUST 31 YEAR TO DATE YEAR ENDING
Current Year $ 340,942.41 $ 3,554,355.37
AVERAGE DAILY BALANCE $ 68,518,043.98 $ 67,263,506.65
EFFECTIVE RATE OF RETURN 5.86% 5.76%
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
L. REeR
CH pooled investments and is in conformity with all State laws and the investment
CITY policy statement filed with the City Council on Dec. 16, 1996. A copy of this
policy is available at the office of the City Clerk. The investment program
u herein shown provides sufficient cash flow liquidity to meet the next 30 days'
DATE obligations. Market Values provided by Sanwa Bank via the Bond Buyer Company.
A
10/10/1997 CITY OF HUNTINGTON BEACH PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
A
AUGUST 31, 1997 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
97-265 Sanwa Bank - Los Angeles 08/29/97 3,400,000.00 3,400,000.00 3,400,000.00 5.313 5.386 09/02/97 1
97-275 Union Bank 08/29/97 880,000.00 880,000.00 880,000.00 5.100 5.171 09/02/97 1
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 2,681,645.16 4,280,000.00 4,280,000.00
4,280,000.00 5.342 1
BANKERS ACCEPTANCES
2796 Bank of New York 07/25/97 972,851.67 1,000,000.00 977,720.00 5.460 5.690 A1P1 01/20/98 141
2792 First National Bank of Chic 06/27/97 972,756.11 1,000,000.00 982,398.61 5.510 5.743 A1P1 12/22/97 112
2786 TOKYO-MITSUBISHI BANK 04/14/97 976,520.83 1,000,000.00 998,472.22 5.750 5.970 09/08/97 7
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 2,922,128.61 2,922,128.61a 2,958,59:0.83
3,000,000.00 5.801 87
COMMERCIAL PAPER - DISCOUNT
2794 General Electric 06/30/97 984,569.44 1,000,000.00 984,569.44 5.500 5.664 10/09/97 38
2795 General Electric 06/30/97 984,416.67 1,000,000.00 984,416.67 5.500 5.665 10/10/97 39
2791 Internation Lease Fin. Corp 06/27/97 982,125.00 1,000,000.00 991,720.00 5.500 5.678 AlPl 10/22/97 51
2793 Sunbelt Dixie - Winn Dixie 06/27/97 984,161.67 1,000,000.00 994,020.00 5.590 5.759 A1P1 10/07/97 36
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 5,611,872.54 3,935,272.78 3,954,726.11
4,000,000.00 5.691 41
FEDERAL AGENCY ISSUES - COUPON
2759 FEDERAL FARM CREDIT BANK 05/14/96 2,000,000.00 2,000,000.00 2,000,380.00 6.750 6.750 05/14/99 620
2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,987,500.00 5.180 5.180 08/26/98 359
2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 996,250.00 5.300 5.300 11/18/98 443
2781 Federal Home Loan Bank 03/11/97 1,000,000.00 1,000,000.00 1,000,000.00 6.060 6.060 09/11/98 375
2784 Federal Home Loan Bank 03/26/97 1,000,000.00 1,000,000.00 1,001,875.00 6.715 6.715 03/26/02 1,667
2798 Federal Home Loan Bank 08/08/97 2,000,000.00 2,000,000.00 2,000,000.00 5.995 6.078 07/08/99 675
2799 Federal Home Loan Bank 08/27/97 1,000,000.00 1,000,000.00 1,000,000.00 6.500 6.590 08/27/02 1,821
2760 Federal Home Loan Mort Corp 05/17/96 2,OOO,OOO.ObA 2,000;000.00 2,018,750.00 6.990 6.990 05/17/01 1,354
2774 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 1,002,500.00 6.000 6.000 12/24/98 479
2775 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 1,002,500.00 6.000 6.000 12/24/98 479
2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,994,838.32 3,000,000.00 2,995,170.00 5.000 5.454 02/25/98 177
2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,000,000.00 1,000,000.00 999,290.00 6.210 6.210 03/24/99 569
2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,997,035.81 2,000,000.00 2,001,250.00 6.850 6.912 05/26/00 998
2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 999,890.00 6.870 6.870 06/01/01 1,369
2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,016,990.00 7.070 7.070 06/25/01 1,393
2785 Fed. Nat'l Mort. Assoc. 03/27/97 1,000,000.00 1,000,000.00 1,012,890.00 6.660 6.660 03/27/00 938
2789 Fed. Nat'l Mort. Assoc. 06/25/97 999,191.18 1,000,000.00 999,990.00 5.480 5.804 01/02/98 123
2790 Fed. Nat'l Mort. Assoc. 06/25/97 1,492,088.36 1,500,000.00 1,489,485.00 5.720 6.185 02/16/99 533
2797 Fed. Nat'l Mort. Assoc. 08/08/97 997,553.29 1,000,000.00 999,690.00 6.140 6.319 08/07/00 1,071
A
10/10/1997 CITY OF HUNTINGTON BEACH PM - 3
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
AUGUST 31, 1997 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. 08/12/97 992,888.66 1,000,000.00 988,390.00 6.150 6.408 08/05/02 1,799
2801 Fed. Nat'l Mort. Assoc. 08/12/97 991,788.384 1,000,000.00 993,690.00 5.910 6.307 08/07/00 1,071
2803 SMITH BARNEY 08/22/97 995,972.12 1,000,000.00 995,937.50 6.090 6.328 07/28/00 1,061
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 26,565,994.08 29,461,356.12 29,502,417.50
29,500,000.00 6.241 813
FEDERAL AGENCY ISSUES - DISCOUNT
2802 Federal Home Loan Mort Corp 08/29/97 998,486.11 1,000,000.00 998,486.11 5.450 5.534 09/08/97 7
AVERAGES 96,627.69
LOCAL AGENCY INVESTMENT FUNDS
982 Laif City 10/01/96 17,424,227.70 17,424,227.70 17,424,227.70 5.690 5.690 1
2206 LAIF-Redevelopment Agency 10/01/96 4,386,853.78 4,386,853.78 4,386,853.78 5.690 5.690 1
2703 Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 1
2703-A Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 1
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 22,907,855.67 21,811,081.48 21,811,081.48
21,811,081.48 5.690 1
TREASURY SECURITIES - COUPON
2783 UNITED STATES TREASURY 03/17/97 999,719.7546 1,000,000.00 1,011,563.00 6.500 6.507 08/31/01 1,460
2787 UNITED STATES TREASURY 04/23/97 999,852.75 1,000,000.00 999,531.25 5.625 5.715 10/31/97 60
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 1,999,532.80 1,999,572.50 2,011,094.25
2,000,000.00 6.111 760
MEDIUM TERM NOTES
2750 AT&T 02/26/96 999,922.71 1,000,000.00 998,490.00 5.410 5.506 01/30/98 151
2763 FORD MOTOR CORP. 05/07/96 1,003,975.00 1,000,000.00 1,005,890.00 8.000 6.417 12/01/97 91
2773 General Electric 12/24/96 1,007,846.56 1,000,000.00 1,009,290.00 8.000 5.790 01/15/98 136
2782 General Electric 03/04/97 1,007,361.42 1,000,000.00 1,007,690.00 7.000 5.711 03/24/98 204
2756 US LIFE CORP 05/07/96 1,001,503.09 1,000,000.00 1,003,990.00 6.750 6.398 01/15/98 136
----------------- -------------- -------------- -------------- ------ ------
SUBTOTALS and AVERAGES 5,732,387.42 5,020,608.78 5,025,350.00
5,000,000.00 5.964 144
-----------------------------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVG. $ 70,428,506.38 70,541,746.28
68,518,043.98 70,591,081.48 5.933% 378
10/01/1997 CITY OF HUNTINGTON BEACH PM - 4
INVESTMENT PORTFOLIO DETAILS - CASH CITY
AUGUST 31, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
Accrued Interest at Purchase 10,566.34
--------------------------------------------------------------------------------
TOTAL CASH $ 10,566.34
TOTAL CASH and INVESTMENTS $ 68,518,043.98 70,439,072.72
10/01/1997 CITY OF HUNTINGTON BEACH PM - 5
eORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
AUGUST 1, 1997 - AUGUST 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
97-225 Sanwa Bank - Los Angeles 5.375 08/01/1997 1,000,000.00
97-226 Sanwa Bank - Los Angeles 5.250 08/01/1997 1,000,000.00
08/04/1997 1,000,000.00
97-227 Sanwa Bank - Los Angeles 5.188 08/04/1997 2,000,000.00
O8/05/1997 2,000,000.00
97-230 Sanwa Bank - Los Angeles 5.250 08/05/1997 2,000,000.00
O8/06/1997 2,000,000.00
97-231 Sanwa Bank - Los Angeles 5.188 08/06/1997 2,000,000.00
O8/07/1997 2,000,000.00
97-232 Sanwa Bank - Los Angeles 5.250 08/07/1997 2,000,000.00
O8/08/1997 2,000,000.00
97-233 Sanwa Bank - Los Angeles 5.188 08/08/1997 1,000,000.00
O8/11/1997 1,000,000.00
97-238 Sanwa Bank - Los Angeles 5.313 08/11/1997 1,000,000.00
08/12/1997 1,000,000.00
97-239 Sanwa Bank - Los Angeles 5.250 08/12/1997 1,000,000.00
O8/13/1997 1,000,000.00
97-240 Sanwa Bank - Los Angeles 5.250 08/13/1997 1,000,000.00
O8/14/1997 1,000,000.00
97-241 Sanwa Bank - Los Angeles 5.250 08/14/1997 1,000,000.00
08/15/1997 1,000,000.00
97-246 Sanwa Bank - Los Angeles 5.313 08/15/1997 1,000,000.00
08/18/1997 1,000,000.00
97-247 Sanwa Bank - Los Angeles 5.250 08/18/1997 1,000,000.00
08/19/1997 1,000,000.00
97-248 Sanwa Bank - Los Angeles 5.250 08/19/1997 1,000,000.00
08/20/1997 1,000,000.00
97-249 Sanwa Bank - Los Angeles 5.188 08/20/1997 1,000,000.00
08/21/1997 1,000,000.00
97-250 Sanwa Bank - Los Angeles 5.250 08/21/1997 2,000,000.00
08/22/1997 2,000,000.00
97-251 Sanwa Bank - Los Angeles 5.188 08/22/1997 2,000,000.00
O8/25/1997 2,000,000.00
97-252 Sanwa Bank - Los Angeles 5.250 08/25/1997 2,000,000.00
08/26/1997 2,000,000.00
97-253 Sanwa Bank - Los Angeles 5.313 08/26/1997 2,000,000.00
08/27/1997 2,000,000.00
97-254 Sanwa Bank - Los Angeles 5.188 08/27/1997 2,400,000.00
O8/28/1997 2,400,000.00
97-264 Sanwa Bank - Los Angeles 5.188 08/28/1997 2,400,000.00
08/29/1997 2,400,000.00
97-265 Sanwa Bank - Los Angeles 5.313 08/29/1997 3,400,000.00
10/01/1997 CITY OF HUNTINGTON BEACH PM - 6
,ORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
AUGUST 1, 1997 - AUGUST 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
97-229 Union Bank 5.475 08/01/1997 4,745,000.00
97-234 Union Bank 5.288 08/01/1997 2,524,000.00
08/04/1997 2,524,000.00
97-235 Union Bank 5.163 08/04/1997 508,000.00
08/05/1997 508,000.00
97-236 Union Bank 5.100 08/05/1997 575,000.00
08/06/1997 575,000.00
97-242 Union Bank 5.038 08/06/1997 820,000.00
08/07/1997 820,000.00
97-243 Union Bank 5.038 08/07/1997 975,000.00
O8/08/1997 975,000.00
97-244 Union Bank 4.975 08/08/1997 1,198,000.00
08/11/1997 1,198,000.00
97-245 Union Bank 5.163 08/11/1997 431,000.00
O8/12/1997 431,000.00
97-255 Union Bank 5.100 08/12/1997 202,000.00
08/13/1997 202,000.00
97-256 Union Bank 5.225 08/13/1997 344,000.00
08/14/1997 344,000.00
97-257 Union Bank 5.225 08/14/1997 803,000.00
08/15/1997 803,000.00
97-258 Union Bank 5.038 08/18/1997 563,000.00
O8/19/1997 563,000.00
97-259 Union Bank 5.038 08/19/1997 607,000.00
O8/20/1997 607,000.00
97-260 Union Bank 5.038 08/20/1997 2,192,060.00
O8/21/1997 2,192,000.00
97-261 Union Bank 5.100 08/21/1997 2,534,000.00
08/22/1997 2,534,000.00
97-262 Union Bank 5.038 08/22/1997 997,000.00
08/25/1997 997,000.00
97-263 Union Bank 5.163 08/25/1997 737,000.00
08/26/1997 737,000.00
97-266 Union Bank 5.163 08/26/1997 1,126,000.00
O8/27/1997 1,126,000.00
97-273 Union Bank 5.225 08/27/1997 1,188,000.00
08/28/1997 1,188,000.00
97-274 Union Bank 5.163 08/28/1997 1,729,000.00
08/29/1997 1,729,000.00
97-275 Union Bank 5.100 08/29/1997 880,000.00
SUBTOTALS and ENDING BALANCE 55,133,000.00 56,598,000.00 4,280,000.00
10/01/1997 CITY OF HUNTINGTON BEACH PM - 7
-JRTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
AUGUST 1, 1997 - AUGUST 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
BANKERS ACCEPTANCES
2779 BANK OF TOKYO 5.400 08/01/1997 976,750.00 2,922,128.61
COMMERCIAL PAPER - DISCOUNT
2788 Rose, Inc. 5.590 08/28/1997 987,733.06
2780 SIGMA FINANCIAL CORP 5.340 08/27/1997 973,300.00
SUBTOTALS and ENDING BALANCE 0.00 1,961,033.06 3,935,272.78
FEDERAL AGENCY ISSUES - COUPON
2798 Federal Home Loan Bank 5.995 08/08/1997 2,000,000.00
2799 Federal Home Loan Bank 6.500 08/27/1997 1,000,000.00
2797 Fed. Nat'l Mort. Assoc. 6.140 08/08/1997 997,500.00
2800 Fed. Nat'l Mort. Assoc. 6.150 08/12/1997 992,812.50
2801 Fed. Nat'l Mort. Assoc. 5.910 08/12/1997 991,640.63
2803 SMITH BARNEY 6.090 08/22/1997 995,937.50
SUBTOTALS and ENDING BALANCE 6,977,890.63 0.00 29,461,356.12
FEDERAL AGENCY ISSUES - DISCOUNT
2802 Federal Home Loan Mort Corp 5.450 08/29/1997 998,486.11 998,486.11
LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary)
2206 LAIF-Redevelopment Agency 5.690 2,000,000.00 5,000,000.00 21,811,081.48
TREASURY SECURITIES - COUPON
1,999,572.50
MEDIUM TERM NOTES
2748 AT&T 5.350 08/12/1997 2,000,000.00 5,020,608.78
------------------------------------------------------------------------
TOTALS 65,109,376.74 66,535,783.06 70,428,506.38
10/01/1997 PM - 8
CITY OF HUNTINGTON BEACH CITY
INVESTMENT ACTIVITY SUMMARY ACCRUAL
OCTOBER 1996 through AUGUST 1997
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
-------------------------------------------------------------------------------------------------------------------
October 96 27 55,915,357.08 5.822 5.903 5.601 25 24 628 475
November 96 27 54,815,162.80 5.815 5.895 5.599 18 18 641 466
December 96 32 69,689,082.72 5.755 5.835 5.574 27 22 535 385
January 97 29 65,400,483.10 5.799 5.880 5.583 23 557 393
February 97 31 66,864,621.68 5.765 5.845 5.575 /Y�,Z 19 548 375
/
March 97 35 67,893,588.14 5.848 5.930 5.580 Jf b 22 619 432
April 97 36 75,564,297.01 5.823 5.904 5.612 6 23 558 377
May 97 34 77,278,683.01 5.788 5.869 5.634 Y�„2 23 516 334
June 97 39 78,912,795.59 5.811 5.891 5.667 /Y Z9 24 500 316
July 97 40 71,857,379.73 5.785 5.866 5.679 / j A,f �/ 475 274
August 97 43 70,428,506.38 5.852 5.933 5.690 w !� 581 378
---------------------------------------------------------------------------------------------------
AVERAGES 34 $ 68,601,814.29 5.805%- 5.886% 5.618% ��� f 6 560 382
10/01/1997 PM - 9
i-
CITY OF HUNTINGTON BEACH CITY
DISTRIBUTION OF INVESTMENTS BY TYPE
OCTOBER 1996 through AUGUST 1997
MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------
END YEAR RPA SCD BAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MC1 MD1 PA1 GN1
------------------------------------------------------------------------------------------------------------------------------------
October 96 4.1 3.5 3.5 37.5 37.0 1.8 12.6
November 96 4.9 3.6 3.6 38.3 35.1 1.8 12.8
December 96 6.2 2.8 5.6 33.0 39.5 1.4 11.5
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 31.0 2.8 7.1
----------------------------------------------------------------------------------------------------------------------
AVERAGES 6.1$ 3.9% 4.9% 35.2% 0.1% 37.8% 1.4% 0.7% 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
MD1 - Miscellaneous Securities - Discount PA1 - Mutual Funds / Passbook
GN1 - Mortgage Backed Securities
R
State of California
Pooled Money Investment Account
Market Valuation
8/31/97
Description Carrying Cost Plus Estimated
:.:
.
_Accrued Interest Purch _ Market.Value A..ccrued Interest
United States Treasury:
Bills $ 1,183,752,659.34 $ 1,207,641,000.00 NA
Strips $ 121,604,450.00 $ 150,704,750.00 NA
Notes $ 5,692,277,621.87 $ 5,668,844,520.00 $ 48,667,251.74
Federal A en
Bonds $ 846,809,722.10 $ 844,640,356.50 $ 11,853,721.13
Floaters $ 219,990,397.05 $ 219,999,450.00 $ 2,062,873.25
MBS $ 150,395,182.32 $ 147,793,004.78 $ 888,143.91
GNMA $ 2,830,327.07 $ 3,233,200.65 $ 27,562.82
SBA $ 218,239,039.89 $ 219,354,175.28 $ 2,185,228.33
FHLMC PC $ 27,787,115.51 $ 29,753,303.40 $ 446,117.51
Discount Notes $ 226,671,559.03 $ 228,955,400.00 NA
Bankers Acceptances $ 561,121,612.87 $ 562,111,651.77 NA
Corporate:
Bonds $ 1,094,976,819.48 $ 1,093,084,770.08 $ 22,088,522.53
Floaters $ 415,576,571.92 $ 415,618,080.00 $ 3,808,279.88
CDs $ 5,465,402,954.69 $ 5,464,842,414.81 $ 14,050,570.00
Bank Notes $ 880,052,677.38 $ 879,825,959.21 $ 1,895,911.11
Repurchase Agreements $ 75,000,000.00 $ 75,000,000.00 NA
Time Deposits $ 750,795,000.00 $ 750,795,000.00 NA
AB 55&GF Loans $ 5,343,588,293.00 $ 5,343,588,293.00 NA
Commercial Paper $ 5,042,625,204.04 $ 5,045,238,849.89 NA
Reverse Repurchase $ - $ - $0.00
TOTAL $ 28,319,497,207.56 $ 28,351,024,179.37 $ 107,974,182.20
Estimated Market Value Including Accrued Interest $ 28,458,998,361.57
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.
COVER PAGE
REQUEST FOR LATE SUBMITTAL
(To accompany RCA)
Department: TREASURER'S OFFICE Sub'ect IN ESTMENT REPORT SUMMARY
Council Meeting Date: October 20, 1997 Date of This Request: 10/14/97
REASON (Why is this RCA being submitted late?): We have questions on the market
value of our investments which are still unresolved. Amount is insignificant to
total investment value. Revised page (if any) will be submitted as soon as resolved.
EXPLANATION (Why is this RCA necessary to this agenda?): Timeliness of data is
critical .
CONSEQUENCES How shall delay of this RCA adversely impact the City?):
Two months would be presented together and extend length. of presentation and data
would not be timely.
. .. ..
Signature: Approved l7 Denied O Approved O Denied
Initials
Required
a ent Head Asst. Cit Administrator CityAdministrator
0003982.01 07/14/94
Request for Late Submittal
Requests for Council Action (RCA's) are due and considered late after the
City Administrator's deadline which is 5:00 P.M. Wednesday ten days prior
to the Council meeting at which the item is to be heard. This deadline
reflects the time needed prior to Agenda Review for Administration staff and
the City Administrator to review all RCA's and their support material prior to
forwarding them to the City Clerk for placement on the preliminary agenda.
It also provides time for the City Clerk's office to review the item and add
proper wording for the item to the preliminary agenda for discussion at
Agenda Review the following Monday.
The Request for Late Submittal form must accompany RCA's submitted
after the Wednesday deadline.
Late RCA's will be agendized only with signed authorization on the Request
for Late Submittal form by the Assistant City Administrator or the City
Administrator and provided there are extenuating circumstances which
caused the item to be delayed, and it is necessary that action be taken on
the item at the upcoming Council meeting.
7/14/94
RCA ROUTING SHEET
INITIATING CITY TREASURER
DEPARTMENT:
SUBJECT: Investment Report Summaries
COUNCIL MEETING DATE: October 20, 1997
. ........._..... . ......... ...................................................._ _ ................ .. ...... ........ ......... ...........
...... .. .........
...
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 Attomey) 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_.:
- ... _ ... _ -. . _ ...... .. ........ ........ ......... ..... ... - . _ ..... ..... _... ......... ... .... ........
REVCEWED. RETURNED FORWARDED
Administrative Staff ( ) ( )
Assistant City Administrator (Initial) ( ) ( )
City Administrator (Initial) ( ) ( )
City Clerk ( )
EXPLANATION FOR RETURN OFITEM
Only)(Below Space For City Clerk's Use
R• VED FROM
AND MA " APART(E HE RECQp9LT
COUNCIL MEETING OF � T
OFFICE OF THE CITY CLERK 7
CONNIE BROCKWAY,CITY CLERK
{ xeasurer's Report-Shari L. Freidenrich, CPA
� � �� J,•U�Iri � r� J
(J�t�l ill II FCC IJ]G�f�A�rim, �P �'
i
r Treasurer's Report-Shari L.Freidenrich, CPA
Portfolio Balances by Type in Millions
$65M $59M $58M $70M
TE
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C r= _k, ❑Gbfi1 Qp
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hari t. Freidennch,CPA a
Actual LAIF
- IS ■
hari L. Freidenrich,-CPA
• 1 nvestments August 1997
In e IPolicy Limit
Rep rchase Agree 6% ;.None
Banker Acceptances 4%
Federal Agcy:,lssues 43% - None
LAIF $2!ilm 40
Med Term Notes
~Commercial Paper�j�' = 6%
US Treasuries
f -
7
Investment Type :
c Oral
Agency
Issues
LAIF
43% 31%
Medium Term
Banker Notes
C
Accept as 6 7%
Repurc ase—
Agreement Treasury Sec.
_JL
ALL,
Investment Maturi ,
Ending August 1997
3
409° O3`u,�
❑iR_Day
_4q° Fin
❑M2-180 bays
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❑❑1 - 1.5Yr.
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10 0 02 -3 Yr.
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S ari L. Freidenr►ch, CPA `
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hari L. Freidenrich CPA ,
IAB/Council. Joint Study Session
Reno , mendation to City Council
. 310, �o
RECEIVED FROM
AND MADE A PART OF TH RECORD AT
COUNCIL MEETING OF
OFFICE OF THE CITY CLERK
GONNIN®ROOKWAY,CITY CLERK
lJ lJl!'�_jr'iT�_ :=J J'�_�rll�'�J�r,_
J�jll �,1!J iL
reasucer's Report-Shari L.Freidenrich,-CPA
co1e
Safety:
h.Invest only in Debt Instruments
Liquidity
-Yield
asurer's Report-Shari L:'Freidenrich,.CPA
Portfolio Balances by Type in Millions
$ }M $62.M..: $60M $72M
gm
MR
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surer's Report-Shari L.Freidenrich,-CPA
_ UiJ,V\=�JLL IJ U•.JUUIJ ,-U V�JL.�' U� -�_�'`�1 - .
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surer's Report-Shari L.Freldennch,.CPA
- 1 J -
Individual Investments: July 1997
Inv meat Type Portfo io Percent Policy Li R
- ---
Repurchase.Agree. 8% .None .
Banker Acceptances.: 50/0...... 250/6
Federal Agcy.Issues 31% .:.None
LAIF $25 M. $40-M _
Med-Term Notes 10%-- 20%
Commercial Paper: .8% 15%
US Treasuries 3% None
asurer's Report-Shari L.Freidenrrch,:CP_A
r-
i
asurer's Report-Shari L...Freldenrich, CPA
§—W777
(�1Z,Q00,000' �
($,l7;000,OOQ)
($22;000.006)
MT4
s rer' port-Shari-L.�Freidenrich,-CPA
y � IAB/Council.=Joint Study Session
Recommendation to,City Council
411 &
Council/Agency Meeting Held: 9b I4-7
Deferred/Continued to: 5W,
IB'Approved ❑ Conditionall Approved ❑ DenieP«t� City Cler s Signature
jr-
Council Meeting Date: 09/15/97 Department ID Number: CT 97-010
CITY OF HUNTR4GTON BEACH
REQUEST FOR COUNCIL ACTION M
tJ1 c:
SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS
SUBMITTED BY: SHARI L. FREI DEN RICH, City Treasurer
—o
s
PREPARED BY: SHARI L. FREIDENRICH, City Treasurer
cOD
SUBJECT: JULY INVESTMENT SUMMARY REVIEW
Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,19
Attachment(s)
Statement of Issue: Review and accept the monthly investment report for July, 1997
pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
Funding Source: Not applicable.
Recommended Action: Review monthly report. Following review of the report, by motion
of Council, accept the Monthly Investment Report for July, 1997, pursuant to Section 17.0 of
the Investment Policy of the City of Huntington Beach.
Alternative Action(s): Deny or critique monthly report.
A
f- 3
RORUEST FOR COUNCIL ACTIOi4
MEETING DATE: 09/15/97 DEPARTMENT. ID NUMBER: CT 97-010
Analysis: Not applicable.
Environmental Status: Not applicable.
Attachment(s):
NumberCity Clerk's
Page
1.
Monthly Investment Report and Summary of Investments for July, 1997
A
RCAINVSM.DOC -2- 09/03/97 2:02 PM
ATTACHMENT 1- 1
3
City of Huntington Beach
Summary of Investment Portfolio
Activity for July, 1997
Financial Information: Increase
June July (Decrease)
End of month City Portfolio Balance $78,912,755 $71,857,380 ($7,055,375)
Accrued Interest at Purchase $60,091 $33,757 ($26,334)
Interest Earned for Month $363,713 $371,487 $7,774
Earned Interest Yield Average 5.86% 5.85% -0.01%
Average Maturity ( in days) 316 274 -42
End of Month Market Value $79,008,661 $72,081,970 ($6,926,691)
End of month bank cash balance $2,272,000 $2,476,789 $204,789
Comparison to Budget: Increase
Budget Actual (Decrease)
Interest Earned for Month $275,000 $371,487 $96,487
Interest Earned Year to Date $2,750,000 $3,213,413 $463,413
Earned Interest Yield Year to Date 5.25% 5.75% 0.50%
Transaction Summary: Increase
June July (Decrease)
Number of Securities Purchased 24 43 19
Number of Securities Matured/Sold 22 43 21
Summary by Individual Investment:
Days Int.
July % of Total Policy Limit to Mat. Rate
Repurchase Agreements $5,745,000 8% None 1 5.53%
Bankers Acceptances $3,898,879 5% 25% 88 5.75%
Federal Agency Issues $22,481,519 31% None 735 6.22%
Local Agency Inv. Fund (LAIF) $24,811,082 35% $40 Million 1 5.68%
Medium Term Notes $7,025,104 10% 20% 128 5.81%
Commercial Paper $5,896,306 8% 15% 57 5.68%
Treasury Securities $1,999,490 3% None 791 6.11%
Total $71,857,380 100%
.
09/02/1997 CITY OF HUNTINGTON BEACH PM - 1
PORTFOLIO MASTER SUMMARY CITY
JULY 31, 1997 ACCRUAL
AVERAGE ---YIELD TO MATURITY---
PERCENT OF AVERAGE DAYS TO 360 365
INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT
------------------------------------------------------------------------------------------------------------------------------------
Repurchase Agreements........................$ 5,745,000.00 8.00 1 0 5.458 5.533
Bankers Acceptances..........................$ 3,898,878.61 5.43 165 88 5.673 5.752
Commercial Paper - Discount..................$ 5,896,305.84 8.21 113 57 5.600 5.678
Federal Agency Issues - Coupon...............$ 22,481,519.02 31.29 1,210 735 6.137 6.222
Local Agency Investment Funds................$ 24,811,081.48 34.53 1 1 5.601 5.679
Treasury Securities - Coupon.................$ 1,999,490.47 2.78 909 791 6.027 6.111
Medium Term Notes............................$ 7,025,104.31 9.78 534 128 5.728 5.807
------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVERAGES.............$ 71,857,379.73 100.00% 475 274 5.785% 5.866%
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CASH
Passbook/Checking Accounts. . . . . . .... .........$ 0.00 0.000 0.000
(not included in yield calculations)
Accrued Interest at Purchase.................$ 33,756.50
----------------------------------------------------------------------------
TOTAL CASH and PURCHASE INTEREST.............$ 33,756.50
------------------------------------------------------------------------------
------------------------------------------------------------------------------
TOTAL CASH and INVESTMENTS.................$ 71,891,136.23
MONTH ENDING FISCAL FISCAL
TOTAL EARNINGS JULY 31 YEAR TO DATE YEAR ENDING
Current Year $ 371,487.00 $ 3,213,412.97
AVERAGE DAILY BALANCE $ 74,774,818.80 $ 67,135,576.86
EFFECTIVE RATE OF RETURN 5.85% 5.75%
Current Budget $ 275,000.00 $ 2,750,000.00 $ 3,300,000.00
l I certify that this report accurately reflects all City and Redevelopment Agency
S I L. FRE DENRZCH pooled investments and is in conformity with all State laws and the investment
CITY TR ER policy statement filed with the City Council on Dec. 16, 1996. A copy of this
policy is available at the office of the City Clerk. The investment program
113 192 herein shown provides sufficient cash flow liquidity to meet the next six
DATE month's estimated expenditures. Market Values provided by Sanwa Bank via the
Bond Buyer Company.
07/23/1997 CITY OF HUNTINGTON BEACH PM - 3
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
JUNE 30, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
LOCAL AGENCY INVESTMENT FUNDS
982 Laif City 17,183,565.19 17,183,565.19 17,183,565.19 5.667 5.589 5.667 1
2206 LAIF-Redevelopment Agency 11,697,996.36 11,697,996.36 11,697,996.36 5.667 5.589 5.667 1
2703 Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 0.001 1
2703-A Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 0.001 1
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 31,781,561.55 28,881,561.55 28,881,561.55
28,881,561.55 5.589 5.667 1
TREASURY SECURITIES - COUPON
2783 UNITED STATES TREASURY 03/17/97 999,707.85 1,000,000.00 1,006,563.00 6.500 6.418 6.507 08/31/01 1,522
2787 UNITED STATES TREASURY 04/23/97 999,700.59 1,000,000.00 999,531.25 5.625 5.637 5.715 10/31/97 122
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 1,999,370.07 1,999,408.44 2,006,094.25
2,000,000.00 6.027 6.111 822
MEDIUM TERM NOTES
2748 AT&T 02/22/96 2,000,018.57 2,000,000.00 1,999,980.00 5.350 5.340 5.414 08/12/97 42
2750 AT&T 02/26/96 999,891.59 1,000,000.00 997,090.00 5.410 5.427 5.503 01/30/98 213
2763 FORD MOTOR CORP. 05/07/96 1,006,625.00 1,000,000.00 1,010,090.00 8.000 6.329 6.417 12/01/97 153
2773 General Electric 12/24/96 1,011,359.95 1,000,000.00 1,013,190.00 8.000 5.711 5.790 01/15/98 198
2782 General Electric 03/04/97 1,009,537.21 1,000,000.00 1,009,290.00 7.000 5.632 5.711 03/24/98 266
2756 US LIFE CORP 05/07/96 1,002,176.12 1,000,000.00 1,005,290.00 6.750 6.310 6.398 01/15/98 198
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 7,031,785.42 7,029,608.44 7,034,930.00
7,000,000.00 5.728 5.807 159
-----------------------------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVG. $ 78,912,754.54 79,008,661.35
75,468,965.60 79,081,561.55 5.805% 5.886% 316
05/20/1997 CITY OF HUNTINGTON BEACH PM - 3
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
APRIL 30, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
LOCAL AGENCY INVESTMENT FUNDS
982 Laif City 17,183,565.19 17,183,565.19 17,183,565.19 5.612 5.535 5.612 1
2206 LAIF-Redevelopment Agency 11,697,996.36 11,697,996.36 11,697,996.36 5.612 5.535 5.612 1
2703 Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 0.001 1
2703-A Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 0.001 1
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 28,207,762.78 28,881,561.55 28,881,561.55
28,881,561.55 5.535 5.612 1
TREASURY SECURITIES - COUPON
2783 UNITED STATES TREASURY 03/17/97 999,696.14 1,000,000.00 995,312.50 6.500 6.418 6.507 08/31/01 1,583
2787 UNITED STATES TREASURY 04/23/97 999,550.88 1,000,000.00 999,531.20 5.625 5.637 5.715 10/31/99 183
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 1,266,237.97 1,999,247.02 1,994,843.70
2,000,000.00 6.027 6.111 883
MEDIUM TERM NOTES
2748 AT&T 02/22/96 2,000,045.74 2,000,000.00 1,998,380.00 5.350 5.340 5.414 08/12/97 103
2750 AT&T 02/26/96 999,860.46 1,000,000.00 993,990.00 5.410 5.427 5.503 01/30/98 274
2763 FORD MOTOR CORP. 05/07/96 1,009,275.00 1,000,000.00 1,012,390.00 8.000 6.329 6.417 12/01/97 214
2773 General Electric 12/24/96 1,014,873.33 1,000,000.00 1,014,890.00 8.000 5.711 5.790 01/15/98 259
2782 General Electric 03/04/97 1,011,713.00 1,000,000.00 1,009,390.00 7.000 5.632 5.711 03/24/98 327
2756 US LIFE CORP 05/07/96 1,002,849.14 1,000,000.00 1,004,690.00 6.750 6.310 6.398 01/15/98 259
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 7,040,793.67 7,038,616.67 7,033,730.00
7,000,000.00 5.728 5.808 220
-----------------------------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVG. $ 75,564,297.01 75,541,081.55
70,655,531.89 75,681,561.55 5.823% 5.904% 377
05/20/1997 CITY OF HUNTINGTON BEACH PM - 4
INVESTMENT PORTFOLIO DETAILS - CASH CITY
APRIL 30, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
Accrued Interest at Purchase 3,011.50
--------------------------------------------------------------------------------
TOTAL CASH $ 3,011.50
TOTAL CASH and INVESTMENTS $ 70,655,531.89 75,567,308.51
05/20/1997 CITY OF HUNTINGTON BEACH PM - 5
eORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
APRIL 1, 1997 - APRIL 30, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
97-120 Sanwa Bank - Los Angeles 5.500 04/01/1997 2,500,000.00
97-121 Sanwa Bank - Los Angeles 5.375 04/01/1997 1,400,000.00
04/02/1997 1,400,000.00
97-122 Sanwa Bank - Los Angeles 5.188 04/02/1997 1,400,000.00
04/03/1997 1,400,000.00
97-123 Sanwa Bank - Los Angeles 5.063 04/03/1997 1,500,Ob0.00
04/04/1997 1,500,000.00
97-124 Sanwa Bank - Los Angeles 5.063 04/04/1997 1,500,000.00
04/07/1997 1,500,000.00
97-125 Sanwa Bank - Los Angeles 5.313 04/07/1997 1,500,000.00
04/08/1997 1,500,000.00
97-126 Sanwa Bank - Los Angeles 5.188 04/08/1997 2,000,000.00
04/09/1997 2,000,000.00
97-127 Sanwa Bank - Los Angeles 5.125 04/09/1997 1,500,000.00
04/10/1997 1,500,000.00
97-128 Sanwa Bank - Los Angeles 5.188 04/10/1997 2,000,000.00
04/11/1997 2,000,000.00
97-129 Sanwa Bank - Los Angeles 5.000 04/11/1997 2,000,000.00
04/14/1997 2,000,000.00
97-130 Sanwa Bark - Los Angeles 5.250 04/14/1997 1,500,000.00
04/15/1997 1,500,000.00
97-131 Sanwa Bank - Los Angeles 5.250 04/15/1997 1,800,000.00
04/16/1997 1,800,000.00
97-132 Sanwa Bank - Los Angeles 5.250 04/16/1997 1,200,000.00
04/17/1997 1,200,000.00
97-133 Sanwa Bank - Los Angeles 5.125 04/17/1997 8,500,000.00
04/18/1997 8,500,000.00
97-134 Sanwa Bank - Los Angeles 5.125 04/18/1997 2,500,000.00
04/21/1997 2,500,000.00
97-135 Sanwa Bank - Los Angeles 5.188 04/21/1997 2,500,000.00
04/22/1997 2,500,000.00
97-136 Sanwa Bank - Los Angeles 5.125 04/22/1997 1,500,000.00
04/23/1997 1,500,000.00
97-137 Sanwa Bank - Los Angeles 5.250 04/23/1997 1,500,000.00
04/24/1997 1,500,000.00
97-138 Sanwa Bank - Los Angeles 5.188 04/24/1997 1,500,000.00
04/25/1997 1,500,000.00
97-139 Sanwa Bank - Los Angeles 5.250 04/25/1997 1,500,000.00
04/28/1997 1,500,000.00
97-140 Sanwa Bank - Los Angeles 5.250 04/28/1997 1,500,000.00
04/29/1997 1,500,000.00
97-141 Sanwa Bank - Los Angeles 5.188 04/29/1997 1,000,000.00
04/30/1997 1,000,000.00
05/20/1997 CITY OF HUNTINGTON BEACH PM - 6
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
APRIL 1, 1997 - APRIL 30, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
97-142 Sanwa Bank - Los Angeles 5.375 04/30/1997 5,800,000.00
SUBTOTALS and ENDING BALANCE 47,100,000.00 43,800,000.00 5,800,000.00
BANKERS ACCEPTANCES
2786 TOKYO-MITSUBISHI BANK 5.750 04/14/1997 976,520.83
2770 UNION BANK OF CALIFORNIA 5.310 04/21/1997 974,187.50
SUBTOTALS and ENDING BALANCE 976,520.83 974,187.50 2,927,335.83
COMMERCIAL PAPER - DISCOUNT
2,927,933.89
FEDERAL AGENCY ISSUES - COUPON
25,989,602.05
LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary)
982 Laif City 5.612 232,014.59
2206 LAIF-Redevelopment Agency 5.612 6,140,411.34 3,000,000.00
SUBTOTALS and ENDING BALANCE 6,372,425.93 3,000,000.00 28,881,561.55
TREASURY SECURITIES - COUPON
2787 UNITED STATES TREASURY 5.625 04/23/1997 999,531.25 1,999,247.02
MEDIUM TERM NOTES
7,038,616.67
------------------------------------------------------------------------
.O.ALS 55,448,478.01 47,774,187.50 75,564,297.01
05/20/1997 PM - 7
CITY OF HUNTINGTON BEACH CITY
INVESTMENT ACTIVITY SUMMARY ACCRUAL
OCTOBER 1996 through APRIL 1997
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
-------------------------------------------------------------------------------------------------------------------
October 96 27 55,915,357.08 5.822 5.903 5.601 25 24 628 475
November 96 27 54,815,162.80 5.815 5.895 5.599 18 18 641 466
December 96 32 69,689,082.72 5.755 5.835 5.574 27 tt 22 535 385
January 97 29 65,400,483.10 5.799 5.880 5.583 ZM 23 557 393
February 97 31 66,864,621.68 5.765 5.845 5.575 19 548 375
March 97 35 67,893,588.14 5.848 5.930 5.580 4- Z L 22 619 432
April 97 36 75,564,297.01 5.823 5.904 5.612 b IL 23 558 377
---------------------------------------------------------------------------------------------------
AVERAGES 31 $ 65,163,227.50 5.803% 5.884% 5.589% 32'Z 7 22 584 415
05/20/1997 PM - 8
CITY OF HUNTINGTON BEACH CITY
DISTRIBUTION OF INVESTMENTS BY TYPE
OCTOBER 1996 through APRIL 1997
MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------
END YEAR RPA SCD BAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MCI MD1 PA1 GN1
------------------------------------------------------------------------------------------------------------------------------------
October 96 4.1 3.5 3.5 37.5 37.0 1.8 12.6
November 96 4.9 3.6 3.6 38.3 35.1 1.8 12.8
December 96 6.2 2.8 5.6 33.0 39.5 1.4 11.5
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
----------------------------------------------------------------------------------------------------------------------
AVERAGES 5.0% 3.6% 4.3% 35.9% 38.9% 0.6% 1.1t 10.7%
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 - Mutual Funds / Passbook
GN1 - Mortgage Backed Securities
a
State of California
Pooled Money Investment Account
Market Valuation
4/30/97
Description Carrying Cost Plus Estimated -
Accrued Interest Purch Market Value Accrued Interest
United States Treasury:
Bills $ 926,125,541.34 $ 947,339,250.00 NA
—Strips $ 121,604,450.00 $ ,147,544,250.00 NA
Notes $ 5,638,027,873.79 $ 5,580,646,730.00 $ 70,507,606.45
Federal Agency:
Bonds $ 958,787,065.57 $ 953,918,124.20 $ 11,872,345.39
Floaters $ 219,985,164.30 $ 220,093,450.00 $ 2,819,923.25
MBS $ 156,394,798.67 $ 151,588,561.43 $ 923,935.95
GNMA $ 3,062,298.69 $ 3,431,787.89 $ 29,663.44
SBA $ 212,461,742.75 $ 215,137,666.23 $ 2,122,895.47
FHLMC PC $ 29,844,697.11 $ 31,943,764.95 $ 479,389.77
Discount Notes $ 262,702,244.45 $ 272,675,862.00 NA
Bankers Acceptances $ 351,225,749.81 $ 351,973,532.59 NA
Corporate:
Bonds $ 1,474,339,992.06 $ 1,469,620,414.53 $ 19,863,300.64
Floaters $ 425,781,704.88 $ 425,558,382.50 $ 3,703,097.08
CDs $ 7,872,611,485.25 $ 7,868,952,278.61 $ 30,524,621.10
Bank Notes $ 781,001,899.20 $ 780,773,349.91 $ 2,892,975.01
Repurchase Agreements $ 50,000,000.00 $ 50,000,000,00 NA
Time Deposits $ 501,795,000.00 $ 501,795,000.00 NA
AB 55&GF Loans $ 1,328,240,244.00 $ 1,328,240,244.00 NA
Commercial Paper $ 7,896,455,640.90 $ 7,907,136,915.87 NA
Reverse Repurchase $ 101,489,000.00 $ 101,489,000.00 $459,872.03
TOTAL $ 29,108,958,592.77 $ 29,106,880,564.70 $ 145,279,881.52
Estimated Market Value Including Accrued Interest $ 29,252,160,446.23
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 Report Summaries
COUNCIL MEETING DATE: June 16, 1997
...
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 Attomey) 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 ,FORW DED
Administrative Staff ( )
Assistant City Administrator (Initial)
City Administrator (Initial) ( )
City Clerk ( )
... .........
EXPLANATION FOR RETURN OF ITEM
(Below . . Only)
RECEIVED FROM
AND MADE A PART OF TfqE OR AT HE
COUNCIL MEETING OF_ dglz ,& 9
OFFICE OF THE CITY CLERK
CONNIE BROCKWAY,CITY CLERK
r_ r�J \f' r'�Jlr'�r-j1�� rJrr �. rJ-r
Im
I
J�"`�Jrl
rj r;r 'i J �; CPA
Treasurer's Report-shad L Fre1dennch,.CPA
Investment Balances Trends
lio Balances by Type in millions 1
so .n I
70 i ❑Tv"Surles
60 ■Med Notes
60.- �LAIF.
40`- 0 Fed Ag.
30- ■CP
El BA _
10. Repur.
0 ,
Apr-96 Jul* ' Oct-06 -Jan-97 Apr-97 Slide 2
1
Treasurer's Report-Sha►(L.FreldenrichXPA.`�
(� Investment-Yields-Trends
- i
❑ LAIF/T-Bill Ave.:I Actual— LAIF i
s 5.81 5.89 5.85 5 87
57 5.66
500 — — — -
.50
=.4
4.00 -
} Apr-96; Jul Oct a An — Apr-97
Iftnth
Slide 3
Treasurer's Report-Shari L Freidenrick CPA-
Summ_ ary = InVestment Portfolio
Financial-Informatib April 1997
Description April
Balance $67,893,588 $751564,297 -.$7,670,709
Interest /Month- $327,59 E344;701 =17,145 `
Interest Yield 5.87% 5.94%: 0.07%
Avg Maturity/Days 432" 377 (55)
End of Month
-Cash Balance $906,384 $1,804,000 $897,616
Slide 4
2
. .
i`reasurer's.Report-Shari L Freidenrich,CPA
• Summary InVestment Portfolio
Individual Investments: A ,dl 1997
PortfolioInvestment Amount • Days Int. l i
Type April Policy Limit Mat. Rate
Repurchase Agree _$
5,800,000 8%1 None 1 5A5
Banker Acceptances $ 1,927,336 4% l 25X -87 5.75
FederalAggy.Issues $25,989,602 - 34% 1 None 951 6.40
LAIF E28,881;5-6 1 `.8 I S 40 M 1 5.61
Med Term Notes S 7: 38,611 9% 1 20°� 220 5.81
Commercial Paper. S 2,92T;934 4% 1`15% 57 5.50
US Treasuries $ 1 M .3% None 83S1ed .5rf
_ Tiieasurer's Report-Shari L Freldenrich,CPA
nvestment:Type
Percenta9 a Agency LAW
of Total .
Federal
Issues 38%
i
Medium Term
j Aurc
-
i -
Rlep W Treasury Sec.
Agreement
Slide 6
3
Tieasuiier's Report=Shah L.Freidenr/ch, CPA
investment`_Maturities by Days
f nding-April, 1997.45
50% El 1 Day
- 9 2480 Days
.40%
■:5=1 Yr.
Zpa� 12% T%�i _' R 1.5-2 Yr.
F ■2-3Yr. x
10%
■3.-4Yr r
-0% • ❑4 S Yr
`
Treasu is Report-Shari L.F:reldendch, CPA.
�. General Fund Este Cash Flow .
-May,.1997 to Se6tember,:1997 j
"000.000
$2 000,000
I.
(t2.00 -"Oio
r ($4000,000)
($3sb t 3
($6,000,000)"
May-97 Jun-97 Ju1:97 Aug-97 Sep iT
-
4
Treasurer's-Report-Shari L_0*1denrlcti tP.A_.
J Yield by Ave Dayp'to Mat.
by lnvestment:Type
Ending Apnl;-.1997
6 38% ■1 D
,. 6100 0:2-180.Days .
6.00% .' �. 7.5 1 Yr.
5.800�6 1 15 Yr
11111111.5
SA Wk.
5,20%
_ �3 4Yr.
3:00°�G 5. 35 P
A r ❑4 5 Yr. Slide 9
Treasurers Report-Shari L Fi+eldearlch,ZPA-
-Summary
Recommendation to.City Council
Slide 10
5
1G� �J R,F15-rx, J- r- r J. •r r:IJ ,T ; J
~ ,� �F' c-
rJ�rrl � r r�J,.�.�`tllfl�J.�til� �PJA
P o�ww�
Treasurer's Report-Shari L.Freidenrich,.CPA
nvestment Balances Trends
Portfolio Balances by Type in Millions
65 70 ;
70 68
5560
57
o
1•r
30.
20
10
0
Slide 2
Rbr. Jutts Sept. Dar-
'
-Treasurer's Report Shad L.FrWdenrich, CPA
Investment YiOld&Trends
❑ LAIFlT=Bill Ave.. Actual`- LAW
6.25
P 6:0.0
e 5.p5 5.53
r_ 6
5:50.
e C.,-5.25
5.00
A 4:T5
a 4.56
9 4.25
e 4.00
Mar. June, Sept. Dec: Mar_
Month Slide 3
Treasurer's.Report-Shari L.Freidenrich, CPA
Summary - Investment Portfolio
Financial lnformabon ;March 1997
Description February March Increase
I Balance $66,864,622 $67,893,588 $1,028,966
I
Interest I Month $300,673 " S 327,556 •$3,012
-Interest Yield 5.90% 5.87% (0.03)%
Avg Maturity I Days 375 432 57 .
End of Month
-Cash Balance $1,530,000 $006,384 $(623,616)
Slide 4
2
EMT
Treasurer's Report=Shan:L.Freldenr ch,CPA
Summary - Investment Portfolio
Individual Investments: March 1997
PortfolioInvestment Amount h D. ,
,. Policy ;
Repurchase Agree 54560,060 4%I None " -1 5.58
Banker Acceptances $2,925,002 - 4°� 125'/o 705.61 .
.Federal Agcy..lssues$25,988,705 38016..I-None 981--.6.40 ,
i LAIF- $25,509,136 ` 38% 1$40 M = I 5.58
Med:Term Notes . 5 7,043-121 10% 120% 250= 5.81
Commercial Paper. , $2,927,934 4°k 1 156A . " 87 '5.50
US Treasuries°. $999,690 2% I None 1613 g51
Slide 5_Y
Treasurer's Report Shari L.Freidi nvdeh,CPA -
Investment Type
Percentage of-Total
pp-
Federal LAIF
: .. .
#. MediumTerm
w s` "
Banker
y Sec.
?wit'+ -
' easui
Slide 6
3
Treasu►+er's Reportt-Shari L-Freidenrlch,CPA.
1 nvestme:nt Maturities by Days
Ending March 31.1997
_ J. 40%- a°� !1 Day
p 2=1'90 Days
30% a �.•5-1 Yr:
20%4. 12% 6% ° ■•1 1.5 Yr
° ® ■TS-2Yr
10"k.: ■2 3 Yr. .
U"% ■3• 4 Yr. _
❑4 5'Yr
Slid
L.H e=?
Tieesurer's Report-Shari eiden►ich,:CPA
y Yield -by Ave Days'to Maturity
by -1 nvestment :: Type
Endin
7.00%. .. 6.51% I.1,Day
O 2=180 Days
6.04 0. . .5:58"k ■1 -11.5 Yr.
® ■15-2Yr
5.50% ■2 3 Yr.
5.00% ■3- 4 Yr.
5:55% ❑4-S Yr
Side 0
4
L
Council/Agency Meeting Held: S�SA?7
Deferred/Continued to:
LKef Approved ❑ Conditionally Approved ❑ Denied City Clerk Signature
7-0
Council Meeting Date: 5/05/97 Department ID Number: CT 97-006
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: MARCH INVESTMENT SUMMARY REVIEW
Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,
Attachment(s)
Statement of Issue: Review and accept the monthly investment report for March, 1997
pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
Funding Source: Not applicable.
Recommended Action: Review monthly report. Following review of the report, by motion
of Council, accept the Monthly Investment Report for March, 1997, pursuant to Section 17.0
of the Investment Policy of the City of Huntington Beach.
Alternative Action(s): Deny or critique monthly report.
I�
RLQUEST FOR COUNCIL ACTION
MEETING DATE: 5/05/97 DEPARTMENT ID NUMBER: CT 97-006
Analysis: Not applicable.
Environmental Status: Not applicable.
Attachment(s1:
NumberCity Clerk's
Page
. .. -
Monthly Investment Report and Summary of Investments for March, 1997
0019719.01 -2- 04/24/97 2:03 PM
City of Huntington Beach
Summary of Investment Portfolio
Activity for March 1997
Financial Information: Increase
February March (Decrease)
End of month City Portfolio Balance $66,864,622 $67,893,588 $1,028,966
Accrued Interest at Purchase $0 $3,012 $3,012
Interest Earned for Month $300,673 $327,556 $26,883
Earned Interest Yield Average 5.90% 5.87% -0.03%
Average Maturity ( in days) 375 432 57
End of Month Market Value $66,743,321 $67,768,119 $1,024,798
End of month bank cash balance $1,530,000 $906,384 ($623,616)
Comparison to Budget: Increase
Budget Actual (Decrease)
Interest Earned for Month $275,000 $327,556 $52,556
Interest Earned Year to Date $1,100,000 $1,831,062 $731,062
Earned Interest Yield Year to Date 5.25% 5.86% 0.61%
Transaction Summary: Increase
February March (Decrease)
Number of Securities Purchased 22 26 4
Number of Securities Matured/Sold 19 22 3
Summary by Individual Investment:
Days Int.
March % of Total Policy Limit to Mat. Rate
Repurchase Agreements $2,500,000 4% None 1 5.58%
Bankers Acceptances $2,925,002 4% 25% 70 5.61%
Federal Agency Issues $25,988,705 38% None 981 6.40%
Local Agency Inv. Fund (LAIF) $25,509,136 38% $40 Million 1 5.58%
Medium Term Notes $7,043,121 10% 20% 250 5.81%
Commercial Paper $2,927,934 4% 15% 87 5.50%
Treasury Securities $999,690 2% None 1613 6.51%
Total $67,893,588 100%
04/24%1997 CITY OF HUNTINGTON BEACH PM - 1
PORTFOLIO MASTER SUMMARY CITY
MARCH 31, 1997 ACCRUAL
AVERAGE ---YIELD TO MATURITY---
PERCENT OF AVERAGE DAYS TO 360 365
INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT
------------------------------------------------------------------------------------------------------------------------------------
Repurchase Agreements........................$ 2,500,000.00 3.68 1 0 5.500 5.576
Bankers Acceptances..........................$ 2,925,002.50 4.31 167 70 5.528 5.605;
.Commercial Paper - Discount..................$ 2,927,933.89 4.31 163 87 5.427 5.502
Federal Agency Issues - Coupon...............$ 25,988,704.95 38.28 1,370 981 6.315 6.402
Local Agency Investment Funds................$ 25,509,135.62 37.57 1 1 5.502 5.578
Treasury Securities - Coupon.................$ 999,690.38 1.47 1,628 1,613 6.418 6.507
Medium Term Notes............................$ 7,043,120.80 10.37 534 250 5.728 5.808
------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVERAGES.............$ 67,893,588.14 100.00% 619 432 5.848% 5.929%
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CASH
Passbook/Checking Accounts...................$ 0.00 0.000 0.000
(not included in yield calculations)
Accrued Interest at Purchase.................$ 3,011.50
----------------------------------------------------------------------------
TOTAL CASH and PURCHASE INTEREST.............$ 3,011.50
TOTAL CASH and INVESTMENTS.................$ 67,896,599.64
------------------------------------------------------------------------------
------------------------------------------------------------------------------
MONTH ENDING FISCAL FISCAL
TOTAL EARNINGS MARCH 31 YEAR TO DATE YEAR ENDING
Current Year $ 327,556.22 $ 1,831,062.15
AVERAGE DAILY BALANCE $ 65,693,178.99 $ 62,662,186.63
EFFECTIVE RATE OF RETURN 5.87% 5.86%
Current Budget $ 275,000.00 $ 1,650,000.00 $ 3,300,000.00
I certify that this report accurately reflects all City and Redevelopment Agency
SHARI L. FREIDENRICH pooled investments and is in conformity with all State laws and the investment
CITY TREASURER policy statement filed with the City Council on Dec. 16, 1996. 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 estimated expenditures. Market Values provided by Sanwa Bank via the
Bond Buyer Company.
04/24/1997 CITY OF HUNTINGTON BEACH PM - 2
_VESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MARCH 31, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
97-120 Sanwa Bank - Los Angeles 03/31/97 2,500,000.00 2,500,000.00 2,500,000.00 5.500 5.500 5.576 04/01/97 0
AVERAGES 2,500,000.00
BANKERS ACCEPTANCES
2779 BANK OF TOKYO 02/27/97 976,750.00 1,000,000.00 980,764.17 5.400 5.529 5.605 08/01/97 122
2778 FUJI BANK 12/20/96 974,065.00 1,000,000.00 989,150.00 5.460 5.605 5.683 06/09/97 69
2770 UNION BANK OF CALIFORNIA 10/28/96 974,187.50 1,000,000.00 996,750.83 5.310 5.451 5.526 04/21/97 20
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 2,925,002.50 2,925,002.50 2,966,665.00
3,000,000.00 5.528 5.605 70
COMMERCIAL PAPER - DISCOUNT
2777 WALT DISNEY CO 12/24/96 974,140.56 1,000,000.00 987,377.50 5.230 5.369 5.443 06/20/97 80
2776 General Electric 12/24/96 980,493.33 1,000,000.00 994,555.56 5.320 5.426 5.501 05/05/97 34
2780 SIGMA FINANCIAL CORP 02/28/97 973,300.00 1,000,000.00 976,698.06 5.340 5.486 5.563 08/27/97 148
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 2,927,933.89 2,927,933.89 2,958,631.12
3,000,000.00 5.427 5.502 87
FEDERAL AGENCY ISSUES - COUPON
2759 FEDERAL FARM CREDIT BANK 05/14/96 2,000,000.00 2,000,000.00 1,992,980.00 6.750 6.658 6.750 05/14/99 773
2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,973,125.00 5.180 5.109 5.180 08/26/98 512
2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 984,687.50 5.300 5.227 5.300 11/18/98 596
2754 Federal Home Loan Bank 04/23/96 3,000,000.00 3,000,000.00 2,970,937.50 7.000 6.904 7.000 04/23/01 1,483
27B1 Federal Home Loan Bank 03/11/97 1,000,000.00 1,000,000.00 1,000,000.00 6.060 5.977 6.060 09/11/98 528
2784 Federal Home Loan Bank 03/26/97 1,000,000.00 1,000,000.00 1,000,000.00 6.715 6.623 6.715 03/26/02 1,820
2757 Federal Home Loan Mort Corp 05/14/96 2,001,764.84 2,000,000.00 1,991,250.00 6.800 6.661 6.753 05/14/99 773
2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 1,988,750.00 6.990 6.894 6.990 05/17/01 1,507
2764 Federal Home Loan Mort Corp 06/18/96 1,000,000.00 1,000,000.00 997,812.50 7.470 7.368 7.470 06/18/01 1,539
2774 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 992,187.50 6.000 5.918 6.000 12/24/98 632
2775 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 992,187.50 6.000 5.918 6.000 12/24/98 632
2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,990,358.73 3,000,000.00 2,970,570.00 5.000 5.235 5.308 02/25/98 330
2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,000,000.00 1,000,000.00 990,890.00 6.210 6.125 6.210 03/24/99 722
2758 Fed. Nat'l Mort. Assoc. OS/14/96 1,996,581.38 2,000,000.00 1,987,500.00 6.850 6.817 6.912 05/26/00 1,151
2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 987,190.00 6.870 6.776 6.870 06/01/01 1,522
2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 995,290.00 7.070 6.973 7.070 06/25/01 1,546
2785 Fed. Nat'l Mort. Assoc. 03/27/97 1,000,000.00 1,000,000.00 1,000,000.00 6.660 6.569 6.660 03/27/00 1,091
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 24,020,514.48 25,988,704.95 25,815,357.50
26,000,000.00 6.315 6.402 981
04/24/1997 CITY OF HUNTINGTON BEACH PM - 3
_dVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MARCH 31, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
LOCAL AGENCY INVESTMENT FUNDS
982 Laif City 16,951,550.60 16,951,550.60 16,951,550.60 5.580 5.504 5.580 1
2206 LAIF-Redevelopment Agency 8,557,585.02 8,557,585.02 8,557,585.02 5.575 5.499 5.575 1
2703 Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 0.001 1
2703-A Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 0.001 1
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 25,509,135.62 25,509,135.62 25,509,135.62
25,509,135.62 5.502 5.578 1
TREASURY SECURITIES - COUPON
2783 UNITED STATES TREASURY 03/17/97 999,690.38 1,000,000.00 990,000.00 6.500 6.418 6.507 08/31/01 1,613
AVERAGES 483,720.50
TREASURY SECURITIES - DISCOUNT
AVERAGES 379,755.70
MEDIUM TERM NOTES
2748 AT&T 02/22/96 2,000,059.32 2,000,000.00 1,996,980.00 5.350 5.340 5.414 OB/12/97 133
2750 AT&T 02/26/96 999,844.90 1,000,000.00 991,590.00 5.410 5.427 5.503 01/30/98 304
2763 FORD MOTOR CORP. 05/07/96 1,010,600.00 1,000,000.00 1,012,690.00 8.000 6.329 6.417 12/01/97 244
2773 General Electric 12/24/96 1,016,630.03 1,000,000.00 1,014,890.00 8.000 5.711 5.390 01/15/98 289
2782 General Electric 03/04/97 1,012,800.89 1,000,000.00 1,008,690.00 7.000 5.632 5.711 03/24/98 357
2756 US LIFE CORP 05/07/96 1,003,185.66 1,000,000.00 1,003,490.00 6.750 6.310 6.398 01/15/98 289
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 6,947,116.30 7,043,120.80 7,028,330.00
7,000,000.00 5.728 5.808 250
-----------------------------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVG. $ 67,893,588.14 67,768,119.24
65,693,178.99 68,009,135.62 5.848% 5.929t 432
04/24/1997 CITY OF HUNTINGTON BEACH PM - 4
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MARCH 31, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
Accrued Interest at Purchase 3,011.50
--------------------------------------------------------------------------------
TOTAL CASH $ 3,011.50
---------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------
TOTAL CASH and INVESTMENTS $ 65,693,178.99 67,896,599.64
---------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------
04/24/1997 CITY OF HUNTINGTON BEACH PM - 5
ATFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
MARCH 1, 1997 - MARCH 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
97-099 Sanwa Bank - Los Angeles 5.188 03/03/1997 5,500,000.00
97-100 Sanwa Bank - Los Angeles 5.125 03/03/1997 2,500,000.00
03/04/1997 2,500,000.00
97-101 Sanwa Bank - Los Angeles 5.000 03/04/1997 3,500,000.00
03/05/1997 3,500,000.00
97-102 Sanwa Bank - Los Angeles 4.938 03/05/1997 3,500,000.00
03/06/1997 3,500,000.00
97-103 Sanwa Bank - Los Angeles 5.000 03/06/1997 3,000,000.00
03/07/1997 3,000,000.00
97-104 Sanwa Bank - Los Angeles 4.875 03/07/1997 2,900,000.00
03/10/1997 2,900,000.00
97-105 Sanwa Bank - Los Angeles 5.000 03/10/1997 4,000,000.00
03/11/1997 4,000,000.00
97-106 Sanwa Bank - Los Angeles 5.000 03/11/1997 2,900,000.00
03/12/1997 2,900,000.00
97-107 Sanwa Bank - Los Angeles 5.000 03/12/1997 3,200,000.00
03/13/1997 3,200,000.00
97-108 Sanwa Bank - Los Angeles 5.000 03/13/1997 2,700,000.00
03/14/1997 2,700,000.00
97-109 Sanwa Bank - Los Angeles 4.950 03/14/1997 3,500,000.00
03/17/1997 3,500,000.00
97-110 Sanwa Bank - Los Angeles 5.125 03/17/1997 1,500,000.00
03/18/1997 1,500,000.00
97-111 Sanwa Bank - Los Angeles 5.000 03/18/1997 1,500,000.00
03/19/1997 1,500,000.00
97-112 Sanwa Bank - Los Angeles 4.938 03/19/1997 1,000,000.00
03/20/1997 1,000,000.00
97-113 Sanwa Bank - Los Angeles 5.000 03/20/1997 1,000,000.00
03/21/1997 1,000,000.00
97-114 Sanwa Bank - Los Angeles 4.938 03/21/1997 1,000,000.00
03/24/1997 1,000,000.00
97-115 Sanwa Bank - Los Angeles 5.063 03/24/1997 1,000,000.00
03/25/1997 1,000,000.00
97-116 Sanwa Bank - Los Angeles 5.250 03/25/1997 2,000,000.00
03/26/1997 2,000,000.00
97-117 Sanwa Bank - Los Angeles 5.438 03/26/1997 2,000,000.00
03/27/1997 2,000,000.00
97-118 Sanwa Bank - Los Angeles 5.250 03/27/1997 2,000,000.00
03/28/1997 2,000,000.00
97-119 Sanwa Bank - Los Angeles 5.250 03/28/1997 1,500,000.00
03/31/1997 1,500,000.00
97-120 Sanwa Bank - Los Angeles 5.500 03/31/1997 2,500,000.00
04/24/1997 CITY OF HUNTINGTON BEACH PM - 6
ATFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
MARCH 1, 1997 - MARCH 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
SUBTOTALS and ENDING BALANCE 48,700,000.00 51,700,000.00 2,500,000.00
BANKERS ACCEPTANCES
2,925,002.50
COMMERCIAL PAPER - DISCOUNT
2,927,933.89
FEDERAL AGENCY ISSUES - COUPON
2781 Federal Home Loan Bank 6.060 03/11/1997 1,000,000.00
2784 Federal Home Loan Bank 6.715 03/26/1997 1,000,000.00
2785 Fed. Nat'l Mort. Assoc. 6.660 03/27/1997 1,000,000.00
SUBTOTALS and ENDING BALANCE 3,000,000.00 0.00 25,988,704.95
LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary)
25,509,135.62
TREASURY SECURITIES - COUPON
2783 UNITED STATES TREASURY 6.500 03/17/1997 999,687.50 999,690.38
TREASURY SECURITIES - DISCOUNT
2772 UNITED STATES TREASURY 5.020 03/13/1997 981,035.56 0.00
MEDIUM TERM NOTES
2782 General Electric 7.000 03/04/1997 1,013,760.00 7,043,120.80
------------------------------------------------------------------------
TOTALS 53,713,467.50 52,681,035.56 67,893,588.14
------------------------------------------------------------------------
------------------------------------------------------------------------
04/24/1997 PM - 7
CITY OF HUNTINGTON BEACH CITY
INVESTMENT ACTIVITY SUMMARY ACCRUAL
OCTOBER 1996 through MARCH 1997
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
-------------------------------------------------------------------------------------------------------------------
October 96 27 55,915,357.08 5.822 5.903 5.601 25 24 628 475
November 96 27 54,815,162.80 5.815 5.895 5.599 18 18 641 466
December 96 32 69,689,082.72 5.755 5,835 5.574 27 22 535 385
January 97 29 65,400,483.10 5.799 5.880 5.583 -@ Zl 23. 557 393
February 97 31 66,864,621.68 5.765 5.845 5.575 J.2 Z 19 548 375
March 97 35 67,893,588.14 5.848 5.929 5.578 .6 210 22 619 432
---------------------------------------------------------------------------------------------------
AVERAGES 30 $ 63,429,715.92 5.800% 5.881% 5.585% id 23 21 588 421
---------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------
04/24/1997 PM - 8
CITY OF HUNTINGTON BEACH CITY
DISTRIBUTION OF INVESTMENTS BY TYPE
OCTOBER 1996 through MARCH 1997
MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------
.END YEAR RPA SCD BAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MCI MD1 PA1 GN1
------------------------------------------------------------------------------------------------------------------------------------
October 96 4.1 3.5 3.5 37.5 37.0 1.8 12.6
November 96 4.9 3.6 3.6 38.3 35.1 1.8 12.8
December 96 6.2 2.8 5.6 33.0 39.5 1.4 11.5
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
----------------------------------------------------------------------------------------------------------------------
AVERAGES 4.5% 3.6% 4.3% 36.1% 39.0% 0.2% 1.3% 10.9%
----------------------------------------------------------------------------------------------------------------------
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 - Mutual Funds / Passbook
GN1 - Mortgage Backed Securities
State of California
Pooled Money Investment Account
Market Valuation
3/31/97
Description Carrying Cost Plus Estimated
Accrued Interest Purch. Market Value Accrued Interest
United States Treasury:
Bills $ 1,333,938,902.13 $ 1,374,177,400.00 NA
Strips $ 121,604,450.00 $ 146,651,250.00 NA
Notes $ 5,889,663,174.03 $. 5,812,403,150.00 $ 58,918,366.58
Federal Agency:
Bonds $ 958,734,586.31 $ 952,468,535.60 $ 12,932,918.45
Floaters $ 319,979,989.05 $ 320,123,850.00 $ . 2,474,147.25
MBS $ 158,028,968.90 $ 151,912,158.63 $ 933,576.81
GNMA $ 3,171,767.00 $ 3,535,274.77 $ 30,564.21
SBA $ 205,281,379.65 $ 207,506,129.61 $ 2,049,760.54
FHLMC PC $ 30,237,323.95 $ 32,296.,695.17 $ 485,640.57
Discount Notes $ 237,864,000.00 $ 246,727,500.00 NA
Bankers Acceptances $ 233,253,250.05 $ 233,925,240.88 NA
Corporate:
Bonds $ 1,500,690,589.65 $ 1,493,001,576.29 $ 23,723,921.40
Floaters $ 500,580,693.98 $ 500,592,120.00 $ 5,610,303.93
CDs $ 6,758,690,245.25 $ 6,752,823,717.76 $ 50,362,389.46
Bank Notes $ 506,002,556.84 $ 505,533,022.40 $ 9,387,660.00
Repurchase Agreements $ 40,000,000.00 $ 40,000,000.00 NA
Time Deposits $ 496,795,000.00 $ 496,795,000.00 NA
AB 55 & GF Loans $ 2,529,222,333.00 $ 2,529,222,333.00 NA
Commercial Paper $ 6,434,908,406.04 $ 6,460,779,556.50 NA
Reverse Repurchase $ 149,250,000.00 $ 149,250,000.00) $ 657,632.81)
TOTAL $ 28,109,397,615.83 $ 28,111,224,510.62 $ 166,251,616.40
Estimated Market Value Including Accrued Interest $ .28,277,476,127.01
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.
PROCTOR CONSULTING GROUP, INC.
May 1, 1997
Shirley Dettloff
City Council
C)
City Hall of Huntington Beach ^9 ?�"I"
ry �.
2000 Main Street
Huntington Beach, CA 92648 -
Re: Clarifications of Public Places
Dear Mr. Sullivan:
As a Huntington Beach Business Owner, Father, Landlord (in town), and
Homeowner in the downtown area, I have concerns about these new definitions
of public places. Clearly my front yard and porch are not public places. And
these are places where from time to time I may want to partake in a bottle of
beer, glass of vintage wine or fine scotch while gardening or watching my baby
daughter enjoy the company of neighbor children or dogs passing by, etc.
If the City defines my front yard as a public place and wants to regulate
otherwise legal behavior in it, they have gone too far. Laws of this nature are
intrusive and oppressive. Any council memder supporting that type of ordinance
will lose my support.
Simply put, private property is private property and that includes my front yard.
Please realize these are not the words of a hooligan, but a middle-aged citizen
concerned that his quality of life is being eroded by the passing of unnecessary
city ordinances. Your attention to my input is appreciated.
est Regards,
James R. Proctor
President /
PROCTOR CONSULTING GROUP, INC.
18141 Beach Blvd.,Suite 360 Huntington Beach,CA 92648(714)375-2161 Fax(714)375-7151
Za74-01�"/�r /' W
Council/Agency Meeting Held: R-17
a Deferred/Continued to: �G
Approved ❑ Conditionally Approved 0 Denied City Clerk's nature
Council Meeting Date: 4/21/97 Department ID Number: CT 97-005
CITY OF HUNTINGTON BEACH
REQUEST FOR COUNCIL ACTION
-o =
SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS17)
�' z
SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer
a -
i W _..<csm
Sri
PREPARED BY: SHARI L. FREIDENRICH, City Treasure w ^ "
a
SUBJECT: FEBRUARY INVESTMENT SUMMARY REVIEW ,
Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,
Attachment(s)
Statement of Issue: Review and accept the monthly investment report for February, 1997
pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
Funding Source: Not applicable. '
Recommended Action: Review monthly report. Following review of the report, by motion
of Council, accept the Monthly Investment Report for February, 1997, pursuant to Section
17.0 of the Investment Policy of the City of Huntington Beach.
Alternative Action(s): Deny or critique monthly report.
For y
REQUEST FOR COUNCIL ACTION
MEETING DATE: 4/21/97 DEPARTMENT ID NUMBER: CT 97-005
Analysis: Not applicable.
Environmental Status: Not applicable.
Attachment(s):
1. Monthly Investment Report and Summary of Investments for February, 1997
0019719.01 -2- 04/07/97 12:16 PM
ATTACHMENT IL
� . v 3
City of Huntington Beach
Summary of Investment Portfolio
Activity for February 1997
Financial Information: Increase
January February (Decrease)
End of month City Portfolio Balance $65,400,483 $66,864,622 $1,464,139
Accrued Interest at Purchase $0 SO $0
Interest Earned for Month $336,223 $300,673 ($35,550)
Earned Interest Yield Average 5.83% 5.90% 0.07%
Average Maturity ( in days) 393 375 -18
End of Month Market Value $65,454,336 $66,743,321 $1,288,985
End of month bank cash balance $2,370,707 $1,530,000 ($840,707).
Comparison to Budget: Increase
Budget Actual (Decrease)
Interest Earned for Month $275,000 $300,672 $25,672
Interest Earned Year to Date $1,100,000 $1,504,638 $404,638
Earned Interest Yield Year to Date 5.25% 5.86% 0.61%
Transaction Summary: Increase
January February (Decrease)
Number of Securities Purchased 21 22 1
Number of Securities Matured/Sold 23 19 -4
Summary by Individual Investment:
Days int.
February % of Total Policy Limit to Mat. Rate
Repurchase Agreements $5,500,000 8% None 2 5.26%
Bankers Acceptances $2,925,002 4% 25% 101 5.61%
Federal Agency Issues $22,987,778 35% None 990 6.39%
Local Agency Inv. Fund (LAIF) $25,509,136 38% $40 Million 1 5.581/A
Medium Term Notes $6,033,736 9% 20% 263 5.82
Commercial Paper $2,927,934 4% 15% 118 5.50%
Treasury Securities $981,036 2% None 12 5.19%
Total $66,864,622 100%
�
'01/1997 CITY OF 1417NIINGTON BEACH PM - 1
PORTFOLIO YASTER SI 'MARY CITY
FEBRUARY 28, 1997 ACCRUAL
AVERAGE ---YIELD TO MATURITY---
PERCEvT OF AVERAGE DAYS TO 360 365
INVESTIW'h'TS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT
--"--'--------------------------------------------------------------------------------------------------------------------------
Repurchase Agreements........................$ 5,500,000.00 8.23 3 2 5.187 5.260
Bankers Acceptances.. ........................$ 2,925,002.50 4.37 167 101 5.528 5.605
Commercial Paper - Discount..................$ 2,927,933.69 4.38 163 118 5.427 5.502
Federal Agency Issues - Coupon...............$ 22,987,777.97 34.38 1,398 990 6.305 6.392
Local Agency Investment Funds................$ 25,509,135.62 38.15 1 1 5.499 5.575
Treasury Securities - Discount...............$ 931,035.5� 1.47 136 12 5.117 5.188
Medium Term Notes............................$ 6,033,736.14 9.02 559 263 5.744 5.824
------------------------------------------------------------------------------
TOTAL INVES-1viE TS and AVERAGES.............$ 66,864,621.68 100.00t S48 375 5.765t 5.845t
MON—IR ENDING FISCAL FISCAL
TOTAL EARNINGS FE3RUA.RY 28 YEAR TO DATE YEAR ENDING
Current Year $ 300,672.48 $ 1,SO4,637.68
AVERAGE DAILY BAIA-NCE $ 66,421,048.20 $ 62,039,929.92
EFFECTIVE RATE OF RSTURIN 5.90% 5.86%
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 FV.,R,
NRICH pooled investments and is in conformity with all State laws and the investment
�C policy statement filed with the City Council on Dec. 16, 1996. A copy of this
policy is available at the office of the City Clerk. The investment program
If / herein shown provides sufficient cash flow liquidity to meet the next six
month's estimated expenditures. Market Values provided by Sanwa Bank via the
Bond Buyer Company.
�- y5
i
04/01/1997 CITY OF hL:.iINGTON BEACH PM - 2
IN-VESTME,`7T PORTFOLIO DETAILS - INVESTMENTS CITY
FEBRUARY 28, 1997 -CCRUAL
i �-
INVESTLr'NT AVERAGE PURCHASE STATED --- YTM --- MATURIT'. Y!
NU%-- ISSU R BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 36S DATE TO M=
----------------------------------------------------------------------------------------------------------------------------------
REPURC,.ASE AGREE>[ENTS
97-099 Sanwa Bank - Los Angeles 02/28/97 5,500,000.0D 5,500,000.00 5,500,000.00 5.188 5.188 5.260 03/03/97
AVERAGES 3,267,857.14
BA.-riCERS ACCEPTANCES
2779 BANK OF TOKYO 02/27/97 976,750.00 1,000,000.00 977,113.69 5.400 5.529 5.605 08/01/97
2778 FUJI BANK 12/20/96 974,065.00 1,000,000.00 984,990.28 5.460 5.605 5.683 06/09/97 1
2770 UNION BANK OF CALIFORNIA 10/28/96 574,187.50 1,000,000.00 992,286.67 5.310 5.451 5.526 04/21/97
----------------- -------------- -------------- -------------- ------ ------ ----
SU3TOTALS and AVERAGES 2,018,020.36 2,925,002.50 2,954,390.84
3,000,000,00 5.528 5.605 1
CObC`r'RCIAL PAPER - DISCOUNT
?777 WALT DISNEY CO 12/24/96 974,140.56 1,000,000.00 983,355.56 5.230 5.369 5.443 06/20/97 2
776 General Electric 12/24/96 980,493.33 1,000,000.00 990,191.67 5.320 5.426 5.501 05/05/97
780 SIGY.A FINANCIAL CORP 02/28/97 973,300.00 1,000,000.00 973,050.00 5.340 5.486 5.563 08/27/97 1-
----------------- -------------- -------------- -------------- ------ ------ ----
SUSTOTALS and AVERAGES 2,586,417.91 2,927,933.89 2,946,597.23
3,000,000.00 5.427 S.502 1_
7DaRAL AGENCY ISSUES - COUPON
759 FEDERAL FA.R.M CREDIT BANK 05/14/96 .2,000,000.00 2,000,000.00 1,992,980.00 6.750 6.658 6.750 05/14/99 8C
-734 Federal Home Loan tank 08/26/93 2,000,000.00 2,000,000.00 1,973,125.00 5.180 5.109 5.180 08/26/98 54
2735 Federal home :.oan Bank 11/18/93 1,000,000.00 1,C:0,000.00 984,687.50 5.300 5.227 5.300 11/18/98 2
2754 Federal Home Loan Bar-k C;/23/96 3,000,00C.00 3,C00,000.D0 2,970,937.50 7.000 6.904 7.000 04/23/01 . :
2757 Federal Home Loan Mort Corp 05/14/96 2,001,835.c2 2,000,000.00 1,991,250.00 6.800 6.661 6.753 05/14/99 80;
2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 1,968,750.00 6.950 6.694 6.990 05/17/01 1,53:
2764 Federal Home Loan Mort Corp C6/18/96 1,000,000.00 1,000,000.00 997,812.50 7.470 7.368 7.470 06/18/01 1,57C
2774 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 992,187.50 6.000 5.918 6.000 12/24/98 66
2775 Federal Home Loan Mort Corp 12/24/96 11000,000.00 11000,000.00 992,187.50 6.000 5.918 6.000 12/24/98 662
2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,989,453.04 3,000,000.00 2,970,570.00 5.000 5.235 5.308 02/25/98 36-
2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,000,000.00_ 1,000,000.00 990,890.00 6.210 6.125 6.210 03/24/99 753
2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,996,489.31 2,000,000.00 1,987,500.00 6.850 6.817 6.912 05/26/00 1,182
2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 987,190.00 6.870 6.776 6.870 06/01/01 1,533
2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 995,290.00 7.070 6.973 7.070 06/25/01 1,577
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 22,987,374.28 22,987,777.97 22,815,357.50
23,000,000.00 6.305 6.392 99C
LOCAL AGENCY I:VESTMENT FL-TE
982 Lai: City 16,551,550.60 1_,951,550.60 16,5=:,550.60 5.575 S.499 5.575 1
2206 LAIF-Redevelopn- := Agency 8,557,585.02 8,557,585.02 8,557,585.02 5.575 5.499 5.575 1
2703 Orange County Z. est Pool - 0.00 0.00 0.00 0.001 0.001 0.001
2703-A Orange County ir.•:est Pool - 0.00 0.00 0.00 0.001 0.001 0.001 _.
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 28,544,849.91 25,509,135.62 25,509,135.62
25,509,135.62 5.499 5.575 1
1/01/1997 CITY OF hUNTINGTON BEACH FM - 3
I::✓✓EST?TENT PORTFOLIO DETAILS - INVESTMENTS CITY
FEBRUARY 28, 1997 ACCRUAL
7VE, T AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE N.A.RKET VALVE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------—---------------------------------------------------
REASURY SECURITIES - DISCOUNT
772 UNITED STATES TREASURY 10/28/96 981,035.56 1,000,000.00 998,200.00 5.020 5.117 5.188 03/13/97 12
AVERAGES 981,035.56
ODIUM TERM NOTES
748 AT&T 02/22/96 2,000,072.91 2,000,000.00 1,996,980.00 5.350 5.340 5.414 08/12/97 164
750 AT&T 02/26/96 999,829.34 1,000,000.00 991,590.00 5.410 5.427 5.503 01/30/98 335
763 FORD MOTOR CORP. 05/07/56 1,011,925.00 1,000,000.00 1,012,690.00 8.000 6.329 6.417 12/01/97 275
773 General Electric 12/24/96 1,018,386.72 1,000,000.00 1,014,890.00 8.000 5.711 5.790 01/15/98 320
756 US LIFE CORP 05/07/96 1,002t,522.17 1,000,000.00 1,003,490.00 6.750 6.310 6.398 01/15/98 320
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 6,035,493.05 6,033,736.14 6,019,640.00
6,000,000.00 5.744 5.824 263
-----------------------------------------------------------------------------------------------------
TAI, INVESIXENTS and AVG. $ 66,864,621.68 66,743,321.19
66,421,048.20 67,009,135.62 5.765% 5.845% 375
03/25/1997 CITY OF MiNTINGTON BEACH PM - 4
PORTFOLIO MASTER I`'VESTMENT ACTIVITY BY TYPE CITY
FEBRUARY 1, 1997 - FEBRUARY 28, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE I;vzsTMENP q ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALA.vCE
----------------------------------------------------------------------------------------------------------------------------------
REPURC,jASE AGREEMENTS
97-C81 Sanwa Bank - Los Angeles 5.000 02/03/1997 1,500,000.00
02/04/1997 1,500,000.00
97-082 Sanwa Bank - Los Angeles 5.000 02/04/1997 2,000,000.00
02/05/1997 2,000,000.00
97-083 Sanwa Bank - Los Angeles 4.813 02/05/1997 2,000,000.00
02/06/1997 2,000,000.00
97-064 Sanwa Bank - Los Angeles 5,000 02/06/1997 2,300,000.00
02/07/1597 2,300,000.00
97-065 Sanwa Bank - Los Angeles 4.900 02/07/1997 2,900,000.00
02/10/1997 2,900,000.00
97-C86 Sanwa Bank - Los Angeles 5.000 02/10/1997 4,SOO,000.00
02/11/1997 4,500,000.00
97-C87 Sanwa Bank - Los Angeles 5.063 02/11/1997 4,700,000.00
02/12/1997 4,700,000.00
97-088 Sanwa Bank - Los Angeles 5.063 02/12/1997 4,000,000.00
02/13/1997 4,000,000.00
97-089 Sanwa Bank - Los Angeles 5.063 02/13/1997 4,000,000.00
02/14/1997 4,000,000.00
57-090 Sanwa Bank - Los Angeles 5.000 02/14/1997 2,500,000.00
02/18/1997 2,500,000.00
97-091 Sanwa Bank - Los Angeles 5.125 02/18/1997 2,600,000.00
02/19/1997 2,600,000.00
97-092 San.+a Bank - Los Angeles 5.000 02/19/1997 5,500,000.00
02/20/1997 5,500,000.00
97-093 Sanwa Bark - Los Angeles 5.CO0 02j20/1997 5,000,000.00
02/21/1997 5,000,000.00
97-054 Sanwa Bank - Los Angeles 4.938 02/21/1997 4,000,000.00
02/24/1997 4,000,000.00
97-055 Sanwa Bank - Los Angeles 5.000 02/24/1997 3,800,000.00
02/25/1997 3,800,000.00
97-056 Sanwa Bank - Los Angeles 4.950 02/25/1997 5,000,000.00
02/26/1997 5,000,000.00
97-097 Sanwa Ba-Lk - Los Angeles 5.063 02/26/1997 4,400,000.00
02/27/1997 4,400,000.00
57-058 Sanwa Bank - Los Angeles 5.000 02/27/1997 4,000,000.00
02/28/1997 4,000,000.00
97-059 Sanwa Bank - Los Angeles 5.188 02/28/1997 5,500,000.00
SUBTOTALS and E MING BAL-tiCE 70,200,000.00 64,700,000.00 5,500,000.00
�Jy .
3/25/1997 CITY OF HLtiiINGTCN BEACH P:d - 5
PORTFOLIO MASTER INVEST�ENT ACTIVITY BY TYPE CITY
FEBRUARY 1, 1997 - FEBRUARY 28, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
YPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
---------------------------------------------------------------------------------------------------------------------------------
ANKERS ACCEPTANCES
2779 BANK OF TOKYO 5.400 02/27/1997 976,750.00 2,925,002.50
0.'^'ERCIAL PAPER - DISCOUNT
2769 MITSUBISHI CREDIT AMER 5.310 02/18/1997 983,332.50
2780 SIG%A FINANCIAL CORP 5.340 02/28/1997 973,300.00
SUBTOTALS and ENDING BAI.r.NCE 973,300.00 983,332.50 2,927,933.89
EDERAL AGENCY ISSUES - COUPON
22,987,777.97
.00AL AGENCY INVEST.f---\'T FUNDS (Monthly Summary)
2206 LAIF-Redevelopment Agency 5.575 5,000,000.00 25,509,135.62
'REASURY SECURITIES - DISCOUNT
981,035.56
1EDII RIM NOTES
6,033,736.14
------------------------------------------------------------------------
'OTALS 72,150,050.00 70,683,332.50 66,864,621.68
)3/25/1997 %M - 6
CITY O? i-DTNTINGTON BEACH CITY
INVEST—=- ACTIVITY SL—.RY ACCRUAL
OCTOBER 1956 through FEBRUARY 1997
YIELD TO MAiLZIiY MANAGED NU,%lBER OF NUMBER OF AVERAGE
MONTH NL%MER OF TOTAL 360 355 POOL SECURITIES SECURITIES AVER.'—,E DAYS TO
END YEAR SECURITIES INVESTED EQUIV EQUIV RATE PURCHASED I'ATURED/SOLD TER-4 MATURITY
-------------------------------------------------------------------------------------------------------------------
October 96 27 55,915,357.08 5.822 5.903 5.601 25 24 628 475
November 96 27 54,815,162.80 5.815 5.895 5.599 18 18 641 466
December 96 32 69,689,082.72 5.755 5.835 5.574 27 22 535 385
January 97 29 65,400,483.10 5.799 5.e30 5.583 -a- .2/ 23 557 393
February 97 31 66,864,621.68 5.165 5.545 5.575 -b Z.Z 19 548 375
---------------------------------------------------------------------------------------------------
AVERAGES 29 $ 62,536,941.48 5.790's 5.872% 5.586t 43' Z 2- 21 582 419
...................................................................................................
O
/25/1997 - - - P:d - 7
CITY OF AL°�TIi:GTCN BEACH CITY
DISTRIBUTION OF I;N^.r--STN:tVTS BY TYPE.
OCTOBER 1996 through FEBRUARY 1997
------------------------------------------------ TYPES OF INVESTMENTS ----------------- ------------------------------
YE-kR RPA SCD PAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MCI MI)l PA1 GN1
----------------------------------------------------------------------------------------------------------------------------------
_cber 96 4.1 3.5 3.5 37.5 37.0 1.8 12.6
.-ember 96 4.9' 3.6 3.6 38.3 35.1 1.8 12.8
:e-ber 96 6.2 2.8 5.6 33.0 39.5 1.4 •11.5
:_ary 97 3.0 4.5 35.2 46.7 1.5 9.2
:-.:ary 97 8.2 4.4 4.4 34.4 38.2 1.5 9.0
----------------------------------------------------------------------------------------------------------------------
_2AGES 4.7% 3.4$ 4.3% 35.7% 39.3% 1.64 11.0t
:A - Repurchase Agreements SCD - Certificates of Deposit
-.0 - Bankers Acceptances COM - Commercial Paper - Discount
=I - Commercial Paper - Interest Bearing FAC - Federal Agency Issues - Coupon
'D - Federal Agency Issues - Discount LA1 - Local Agency Investment Funds
;C - Treasury Securities - Coupon TRD - Treasury Securities - Discount
- Variable CD's NCB - Negotiable CD's
7 - "-rtificates of Deposit - Bank MCI - Medium Term Notes
`1 -ellaneous Securities - Discount PA1 - Mutual Funds / Passbook
:1 .vrtgage Backed Securities
State of California
Pooled Money Investment Account
Market Valuation
2/28/97
Description Carrying Cost Plus Estimated
Accrued Interest Purch. Market Value Accrued Interest
United States Treasury:
Bills $ 2,066,058,429.89 $ 2,130,134,510.00 NA
Strips $ 121,604,450.00 $ 146,403,200.00 NA
Notes $ 5,839,576,934.39 $ 5,789,493,130.00 $ 41,168,943.77
Federal A enc :
Bonds $ 908,826,141.87 S 905,017,519.40 $ 10,887,383.08
Floaters S 319,979,989.05 $ 320,153,700.00 $ 3,318,288.00
MBS S 158,535,331.13 $ 155,157,284.03 $ 936,602.14
GNMA $ 3,364,914.06 $ 3,807,460.29 $ 32,425.05
SBA $ 200,806,659.28 $ 202,577,373.47 $ 2,006,077.83
FHLMC PC S 30,756,722.94 S 33,011,527.41 S 493,965.80
Discount Notes $ 584,313,625.07 $ 595,175,500.00 NA
Bankers Acceptances S 403,196,826.01 S 403,472,690.92 NA
Corporate:
Bonds S 1,541,613,709.13 S 1,537,010,143.37 S 28,380,550.15
Floaters S 500,695,656.16 $ 500,705,732.50 $ 6,225,710.22
CDs $ 7,582,668,642.05 S 7,580,003,909.00 S 29,230,705.02
Bank Notes S 566,002,556.84 S 565,790,841.45 S 7,764,978.90
Repurchase Agreements $ - $ - NA
Time Deposits $ 485,095,000.00 S 485,095,000.00 NA
AB 55 & GF Loans $ 1,751,229,161.00 $ 1,751,229,161.00 NA
Commercial Paper S 6,188,686,524.51 $ 6,200,659,026.39 NA
Reverse Repurchase $ 394,500,000.00 $ 394,500,000.00 $ 1,021,638.89
TOTAL $ 28,858,511,273.38 S 28,910,397,709.23 S 129,423,991.06
Estimated Market Value Including Accrued Interest $ 29,039,821,700.30
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.
NOTE: Market Valuation dated 3/31/96 has been corrected for an error in the market
value of SBA securities. Estimated market value of SBA's was adjusted by + $3,807,997.19
��,iy yu�Oti
RECEIVED FROM
AND MADE A PART OF THII RECORD AT TH
COUNCIL MEETING OF-
OFFICE �17
OF THE CITY CLERK
CONNIE BROCKWAY,CITY CLERK
r rJ(r�'//��II� r J:r' r'J1�� `rJ r,r ( �j
�J �!"t l r�J� c Jl�Ir r,r r� r r>J J r r
I
i
i.
3�=
Treasurer's Report-Shari L Freidenrkh, CPA
-I nvestment-{Balances Trends
Portfolio Balances"by Type in Millions i
70 65
70 67. -
-
60
40
.30-
-20
104
0 mmm"m m -
Slide 2
Feb. Sept Der Jan Feb.
1
Treasurier's Report-Shari L Freidenrich,'CPd
Investment Yields-Trends
❑ LAIF/T-Bill Ave. ® Actual--— LAIF
P 6.00 5.83 5.86
e
5:75
5.50
e.5.25
n •5'00
t 4.7 5
a `4.50
9.4:25
e 4.00
Feb: $ept:` Dec. ' Jan. Feb.
Month- Slide 3
Treasurer's Report-Shari L Freidenrich, CPA
Summary - Investment Portfolio_
Financial Information: February 1997 4
i
Description January Fe
Balance $65,400,483 $66,864,622. $1,464,139
Interest I Month $336,223 $300,673 $(35,550)
Interest Yield 5.830/6 5.900/6 0.07%
Avg Maturity I Days 393 375 (18)
ti End of Month
-Cash Balance $2,370,707. $1,530,000 $(840,707) ,
Slide 4
2
i
Treasumr's'Report-Shari L Freidenrich, CPA
Summary - Investment Portfolio:
Individual Investrrients: February 1997
Investment Amount Portfolio Percent/ Days Int. 'I
Type February Policy Limit Mat. Rate
Repurchase Agree.. $5,5009000 8%I None-- 1, 5.26
Banker Acceptances $2,925,002 4%.1 25%. .101 5.61
Federal:Agcy.Issues$22,987,778 350/6 L None- 990 6.39
LAIF $25,509,136 38% I$40 M. -1 5.58
` Med Term Notes $-6,033,736 91% 120% 263 5.82
i Commercial Paper. E 2,927,934 4% 1 15% 118 5.50
US Treasuries $981,036 2% I None 12
Roe 5
_ Treasurer's'Report-Shari L Freidenrich,:CPA
1 nvestaient Type
Percentage:-of Total
Federal
Agency Issues LAIF
Me lum Term
M. Notes
tan r
Repurchle, easury Sec.
1
i
Slide 6
3
ureasurer's Report-Shari L.Fiieldenrich, CPA
f Investment Maturiti Y es b Da s
Y
Ending Februi ry-28,.1997
50% 48° ■1 Day - .
40°� ®2-180 Days
■:5. 1 Yr." 5
30% m 1 1.5 Yr.
0
20% 0% 0 8% 12/o ■1.6 4 2'Yr.
-10% ® ® ■2_-3 Yr..
0% ■3-4Yr.
Slide 7
Treasurer's Report-Shari L Freidenrich;CPA
n Yield by Ave - Days to Maturity
by_.Inve' stment Type
Endi
8:00%0 5.5.1'/0. u 6.39% !1-Day
5.82/° p 2-180 Days
6.00%• ■.5-1 Yr. ,
4:00% Ell 1.5.Yr.
■1,5-2 Yr.
2.00% ■2-3.Yr.
0.00% ■3- 4 Yr.
o ❑4 SYr.
Slide 8
•
4
• r
t \
i
i
I _
uivr
t
Treasurer's Report-Shari L.Freldendch,.CPA
Investment Balances Trends ..
Portfolio Balances by Type in Millions.
70 65
70 .67
56 57
j 50 N W
40
30
20
10
0
Slide 2,
Feb. Sept Qom. . Jan. Feb.
1
r
Treasurer's Report-Shari L Freldendch,-CPA
Investment Yields Trends
❑ LAINT-Bill Ave,--.Actual — LAW
P- 6.25
e 6.00 5.82 6i;- 5.83. 5.86
. 4.75
j C 6.60
1 e 5.25
n:5.00.
t -4 76
a 4.50
9 4.25
j e 4.00 1rT
Feb. Sept.:. D.ed, -Jan Feb.
Month Slide 3
Treasurer's-
,Report-Shari'L;Freidenrich; CPA
Summary.- Investment Portfolio
Financial Information: February 1997
Description January February Increase
Balance $65,400,483 $66,864,622 .. $1,4641139
Interest 1 Month $336,223: $-300,673 $(35,550) .
Interest Yield 5.83% 5.90% 0.07°�
Avg Maturity-/Days 393'--' 375. (18)
End of Month
-Cash Balance $2,370,707 $1,530,000 $(840,707)
Slide 4
2
Treasurer's•Report-Shad L.Freldenrlch,.CPA
Summary Investment Portfolio-. .
Individual Investments:: February 1997- .:
Investment Amount Portfolio • Days I nt.Type February Policy Limit Mat. Rate f
Repurchase_/free.. $5,500,000 8°k I None 1__ 516
Banker Acceptances $2,925,002 40/6-1 250/6 101 .5.61
I Federal Agcy.Issues$22,987,778 35% I None- : 990 6.39
LAIF $25,509,136 38%./$40 M 1 : 5.58
Med-Term Notes 5.6,033,736 9% /20% 263 582
Commercial Paper $2;927,934.. 4% / 15% : 118 . 5.50 -
US Treasuries $981,036 2% I None , 12 gg 1
SGd�e 5 .w
Treasurer's'Report-Shad L Freidenrich, CPA
Investment Type
Percentage-of Total
Federal
Me ium Term
ate. otes
easury Sec.
Slide 6
3
Fi_easurer's Report-Shari L.Fieidenrich,CPA
=` Investrhent Maturities by Days
e Ending-February 28,1997 .
50%° 8% ■1 Day..
40% ❑2.4 00 Days-. i
■.5=1Yr;
30% IN. ®1 1:5 Yr.
I 20% : ® 0% ° -8Ox ■1.5-2 Yr.
WIN
10% ■:2.--3 Yr:
0% ■3 4 Yr:
Siide 7
Treasurer's Report-Shari L.Fmidenrich,'CPA
Yield by: Ave :Days to Maturity
by l nvestment Type
Endi qFah
■1 Da j
8.00% -.. '5.$1°/ 6.39% y
° 5.82%
2 2-180 Days
&00% .5-1 Yr.
l 4.00% m 1 -1.S Yr.
■1:5-2.Yr'
0.00% ■-3=4 Yr.
= ❑4-5.Yr.
Slide---8 RA
4
Council/Agency Meeting Held: 3 -7 9 7 310-Q.o
Deferred/Continued to:
M/Approved ❑ Conditionally Approved ❑ Denied City Clerk's Si ature
-T Council Meeting Date: 3/17/97 Department ID Number: CT 97-004
CITY OF HUNTINGTON BEACH b
REQUEST FOR COUNCIL ACTION
C" C, n
pp ci-i,
SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS
:�, r rn
rrn
'C
SUBMITTED BY: SHARI L. FREIDENRICH, City Treasurer -�+
n
PREPARED BY: SHARI L. FREIDENRICH, City Treasurer
SUBJECT: JANUARY INVESTMENT SUMMARY REVIEW
Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,7z
Attachment(s)
Statement of Issue: Review and accept the monthly investment report for January, 1997
pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
Funding Source: Not applicable.
Recommended Action: Review monthly report. Following review of the report, by motion
of Council, accept the Monthly Investment Report for January, 1997, pursuant to Section
17.0 of the Investment Policy of the City of Huntington Beach.
Alternative Action(s): Deny or critique monthly report.
RtQUEST FOR COUNCIL ACTION
MEETING DATE: 3/17/97 DEPARTMENT ID NUMBER: CT 97-004
Analysis: Not applicable.
Environmental Status: Not applicable.
Attachmentlsl:
City Clerk's
Page Number
...... . ..... _ ........
Monthly Investment Report and Summary of Investments for January, 1997
0019719.01 -2- 03/04/97 4:52 PM
° City of Huntington Beach
Summary of Investment Portfolio
Activity for January 1997
Financial Information: Increase
December January (Decrease)
End of month City Portfolio Balance $69,689,083 $65,400,483 ($4,288,600)
Accrued Interest at Purchase $77,333 $0 ($77,333)
Interest Earned for Month $308,159 $336,223 $28,064
Earned Interest Yield Average 5.80% 5.83% 0.03%
Average Maturity ( in days) 385 393 8
End of Month Market Value $69,714,649 $65,454,336 ($4,260,313)
End of month bank cash balance $407,772 $2,370,707 $1,962,935
Comparison to Budget: Increase
Budget Actual (Decrease)
Interest Earned for Month $275,000 $336,223 $61,223
Interest Earned Year to Date $1,100,000 $1,203,965 $103,965
Earned Interest Yield Year to Date 5.25% 5.85% 0.60%
Transaction Summary: Increase
December January (Decrease)
Number of Securities Purchased 27 21 -6
Number of Securities Matured/Sold 22 23 1
Summary by Individual Investment:
Days Int.
January % of Total Policy Limit to Mat. Rate
Bankers Acceptances $1,948,253 3% 25% 103 5.61%
Federal Agency Issues $22,986,941 35% None 1018 6.39%
Local Agency Inv. Fund (LAIF) $30,509,136 47% $40 Million 1 5.58%
Medium Term Notes $6,037,152 9% 20% 291 5.82%
Commercial Paper $2,937,966 4% 15% 83 5.47%
Treasury Securities $981,036 2% None 40 5.19%
Total $65,400,484 100%
02/25/1997 CITY OF HUNTINGTON BEACH PM - 1
PORTFOLIO MASTER SUMMARY CITY
JANUARY 31; 1997 ACCRUAL
AVERAGE ---YIELD TO MATURITY---
PERCENT OF AVERAGE DAYS TO 360 365
INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT
------------------------------------------------------------------------------------------------------------------------------------
Bankers Acceptances..........................$ 1,948,252.50 2.98 173 103 5.528 5.605
Commercial Paper - Discount..................$ 2,937,966.39 4.49 141 83 5.398 5.473
Federal Agency Issues - Coupon...............$ 22,986,940.67 35.15 1,398 1,018 6.305 6.392
Local Agency Investment Funds................$ 30,509,135.62 46.65 1 1 5.507 5.583
Treasury Securities - Discount...............$ 981,035.56 1.50 136 40 5.117 5.188
Medium Term Notes............................$ 6,037,152.36 9.23 559 291 5.744 5.824
------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVERAGES.............$ 65,400,483.10 100.00t 557 393 5.799% 5.880%
------------------------------------------------------------------------------
MONTH ENDING FISCAL FISCAL
TOTAL EARNINGS JANUARY 31 YEAR TO DATE YEAR ENDING
Current Year $ 336,222.80 $ 1,203,965.20
AVERAGE DAILY BALANCE $ 67,857,939.47 $ 61,042,602.18
EFFECTIVE RATE OF RETURN 5.83!k 5.85%
Current Budget $ 275,000.00 $ 1,100,000.00 $ 3,300,000.00
certify that this report accurately reflects all City and Redevelopment Agency
I L.(FREID ICH pooled investments and is in conformity with all State laws and the investment
CITY TREASURER policy statement filed with the City Council on Oct. 16,1995. A copy of this
2j ) policy is available at the office of the City Clerk. The investment program
herein shown provides .sufficient cash flow liquidity to meet next month's
DATE estimated expenditures. Market Values provided by Sanwa Bank via the Bond Buyer
Company.
02/25/1997 CITY OF HUNTINGTON BEACH PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
JANUARY 31, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
AVERAGES 2,790,322.58
BANKERS ACCEPTANCES
2778 FUJI BANK 12/20/96 974,065.00 1,000,000.00 980,829.00 5.460 5.605 5.683 06/09/97 128
2770 UNION BANK OF CALIFORNIA10/28/96 974,187.50 1,000,000.00 988,133.00 5.310 5.451 5.526 04/21/97 79
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 1,948,252.50 1,948,252.50 1,968,962.00
2,000,000.00 5.528 5.605 103
COMMERCIAL PAPER - DISCOUNT
2777 WALT DISNEY CO 12/24/96 974,140.56 1,000,000.00 979,272.00 5.230 5.369 5.443 06/20/97 139
2776 General Electric 12/24/96 980,493.33 1,000,000.00 986,082.00 5.320 5.426 5.501 05/05/97 93
2769 MITSUBISHI CREDIT AMER 10/28/96 983,332.50 1,000,000.00 997,350.00 5.310 5.400 5.475 02/18/97 17
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 3,765,439.69 2,937,966.39 2,962,704.00
3,000,000.00 5.398 5.473 83
FEDERAL AGENCY ISSUES - COUPON
2759 FEDERAL FARM CREDIT BANK 05/14/96 2,000,000.00 2,000,000.00 2,006,180.00 6.750 6.658 6.750 05/14/99 832
2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,979,374.00 5.180 5.109 5.180 08/26/98 571
2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 988,437.00 5.300 5.227 5.300 11/18/98 655
2754 Federal Home Loan Bank 04/23/96 3,000,000.00 3,000,000.00 2,991,561.00 7.000 6.904 7.000 04/23/01 1,542
2757 Federal Home Loan Mort Corp 05/14/96 2,001,899.54 2,000,000.00 2,004,376.00 6.800 6.661 6.753 05/14/99 832
2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,013,126.00 6.990 6.894 6.990 05/17/01 1,566
2764 Federal Home Loan Mort Corp 06/18/96 1,000,000.00 1,000,000.00 1,006,250.00 7.470 7.368 7.470 06/18/01 1,598
2774 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 996,875.00 6.000 5.918 6.000 12/24/98 691
2775 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 996,875.00 6.000 5.918 6.000 12/24/98 691
2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,988,634.99 3,000,000.00 2,974,470.00 5.000 5.235 5.308 02/25/98 389
2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,000,000.00 1,000,000.00 996,390.00 6.210 6.125 6.210 03/24/99 781
2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,996,406.14 2,000,000.00 2,012,500.00 6.850 6.817 6.912 05/26/00 1,210
2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 1,000,690.00 6.870 6.776 6.870 06/01/01 1,581
2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,011,990.00 7.070 6.973 7.070 06/25/01 1,605
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 22,986,492.13 22,986,940.67 22,979,094.00
23,000,000.00 6.305 6.392 1,018
LOCAL AGENCY INVESTMENT FUNDS
982 Laif City 16,951,550.60 16,951,550.60 16,951,550.60 5.583 5.507 5.583 1
2206 LAIF-Redevelopment Agency 13,557,585.02 13,557,585.02 13,557,585.02 5.583 5.507 5.583 1
2703 Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 0,001 1
2703-A Orange County Invest Pool - 0.00 0.00 0.00 0.001 0.001 0.001 1
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 27,670,425.94 30,509,135.62 30,509,135.62
30,509,135.62 5.507 5.583 1
02/25/1997 CITY OF HUNTINGTON BEACH PM - 3
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
JANUARY 31, 1997 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
----------------------------------------------------------------------------------------------------------------------------------
TREASURY SECURITIES - DISCOUNT
2772 UNITED STATES TREASURY 10/28/96 981,035.56 1,000,000.00 994,200.00 5.020 5.117 5.188 03/13/97 40
AVERAGES 981,035.56
MEDIUM TERM NOTES
2748 AT&T 02/22/96 2,000,086.49 2,000,000.00 2,000,580.00 5.350 5.340 5.414 08/12/97 192
2750 AT&T 02/26/96 999,813.78 1,000,000.00 993,190.00 5.410 5.427 5.503 01/30/98 363
2763 FORD MOTOR CORP. 05/07/96 1,013,250.00 1,000,000.00 1,018,190.00 8.000 6.329 6.417 12/01/97 303
2773 General Electric 12/24/96 1,020,143.41 1,000,000.00 1,020,990.00 8.000 5.711 5.790 01/15/98 348
2756 US LIFE CORP 05/07/96 1,003,858.68 1,000,000.00 1,007,290.00 6.750 6.310 6.398 01/15/98 348
----------------- -------------- -------------- -------------- ------ ------ ------
SUBTOTALS and AVERAGES 7,715,971.06 6,037,152.36 6,040,240.00
6,000,000.00 5.744 5.824 291
-----------------------------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVG. $ 65,400,483.10 65,454,335.62
67,857,939.47 65,509,135.62 5.799% 5.880% 393
---------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------
02/25/1997 CITY OF HUNTINGTON BEACH PM - 4
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
JANUARY 1, 1997 - JANUARY 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
REPURCHASE AGREEMENTS
97-060 Sanwa Bank - Los Angeles 5.250 01/02/1997 4,300,000.00
97-061 Sanwa Bank - Los Angeles 5.250 01/02/1997 3,800,000.00
O1/03/1997 3,800,000.00
97-062 Sanwa Bank - Los Angeles 5.000 01/03/1997 3,200,000.00
O1/06/1997 3,200,000.00
97-063 Sanwa Bank - Los Angeles 5.000 01/06/1997 2,800,000.00
O1/07/1997 2,800,000.00
97-064 Sanwa Bank - Los Angeles 5.000 01/07/1997 2,000,000.00
01/08/1997 2,000,000.00
97-065 Sanwa Bank - Los Angeles 5.000 01/08/1997 2,300,000.00
O1/09/1997 2,300,000.00
97-066 Sanwa Bank - Los Angeles 5.000 01/09/1997 1,600,000.00
O1/10/1997 1,600,000.00
97-067 Sanwa Bank - Los Angeles 5.000 01/10/1997 2,400,000.00
O1/13/1997 2,400,000.00
97-068 Sanwa Bank - Los Angeles 5.000 01/13/1997 2,200,000.00
O1/14/1997 2,200,000.00
97-069 Sanwa Bank - Los Angeles 5.000 01/14/1997 3,500,000.00
O1/15/1997 3,500,000.00
97-070 Sanwa Bank - Los Angeles 5.000 01/15/1997 3,000,000.00
O1/16/1997 3,000,000.00
97-071 Sanwa Bank - Los Angeles 5.000 01/16/1997 2,600,000.00
O1/17/1997 2,600,000.00
97-072 Sanwa Bank - Los Angeles 4.875 01/17/1997 1,800,000.00
O1/21/1997 1,800,000.00
97-073 Sanwa Bank - Los Angeles 4.875 01/21/1997 1,000,000.00
01/22/1997 1,000,000.00
97-074 Sanwa Bank - Los Angeles 5.000 01/22/1997 2,500,000.00
O1/23/1997 2,500,000.00
97-075 Sanwa Bank - Los Angeles 4.875 01/23/1997 4,400,000.00
O1/24/1997 4,400,000.00
97-076 Sanwa Bank - Los Angeles 5.000 01/24/1997 4,400,000.00
O1/27/1997 4,400,000.00
97-077 Sanwa Bank - Los Angeles 5.125 01/27/1997 7,000,000.00
O1/28/1997 7,000,000.00
97-078 Sanwa Bank - Los Angeles 5.000 01/28/1997 2,000,000.00
O1/29/1997 2,000,000.00
97-079 Sanwa Bank - Los Angeles 5.125 01/29/1997 2,000,000.00
O1/30/1997 2,000,000.00
97-080 Sanwa Bank - Los Angeles 5.063 01/30/1997 2,300,000.00
O1/31/1997 2,300,000.00
SUBTOTALS and ENDING BALANCE 56,800,000.00 61,100,000.00 0.00
02/25/1997 CITY OF HUNTINGTON BEACH PM - 5
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
JANUARY 1, 1997 - JANUARY 31, 1997 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
----------------------------------------------------------------------------------------------------------------------------------
BANKERS ACCEPTANCES
1,948,252.50
COMMERCIAL PAPER - DISCOUNT
2771 MITSUBISHI CREDIT AMER 5.300 01/27/1997 986,602.78 2,937,966.39
FEDERAL AGENCY ISSUES - COUPON
22,986,940.67
LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary)
2206 LAIF-Redevelopment Agency 5.583 4,000,000.00 1,000,000.00 30,509,135.62
TREASURY SECURITIES - DISCOUNT
981,035.56
MEDIUM TERM NOTES
2745 Gen Mtr Accept Corp 5.000 01/27/1997 2,000,000.00 6,037,152.36
------------------------------------------------------------------------
TOTALS 60,800,000.00 65,086,602.78 65,400,483.10
,-
02/25/1997 PM - 6
CITY OF HUNTINGTON BEACH CITY
INVESTMENT ACTIVITY SUMMARY ACCRUAL
OCTOBER 1996 through JANUARY 1997
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
-------------------------------------------------------------------------------------------------------------------
October 96 27 55,915,357.08 5.822 5.903 5.601 25 24 628 475
November 96 27 54,815,162.80 5.815 5.895 5.599 18 18 641 466
December 96 32 69,689,082.72 5.755 5.835 5.574 27 22 535 385
January 97 29 65,400,483.10 5.799 5.880 5.583 —8- z 23 557 393
---------------------------------------------------------------------------------------------------
AVERAGES 29 $ 61,455,021.43 5.7971- 5.878% 5.589% 4C Z�j 22 590 430
---------------------------------------------------------------------------------------------------
02/25/1997 PM - 7
CITY OF HUNTINGTON BEACH CITY
DISTRIBUTION OF INVESTMENTS BY TYPE
OCTOBER 1996 through JANUARY 1997
MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------
END YEAR RPA SCD BAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MC1 MD1 PA1 GN1
------------------------------------------------------------------------------------------------------------------------------------
October 96 4.1 3.5 3.5 37.5 37.0 1.8 12.6
November 96 4.9 3.6 3.6 38.3 35.1 1.8 12.8
December 96 6.2 2.8 5.6 33.0 39.5 1.4 11.5
January 97 3.0 4.5 35.2 46.7 1.5 9.2
----------------------------------------------------------------------------------------------------------------------
AVERAGES 3.8% 3.2%- 4.3% 36.0% 39.6% 11.5%
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 - Mutual Funds / Passbook
GN1 - Mortgage Backed Securities
State of California
Pooled Money Investment Account
Market Valuation
1/31/97
Description Carrying:Cost.Plus Estimated
Accrued.Interest Purch. Market.Value Accrued Interest..
United States Treasury:
Bills $ 2,161,897,839.59 $ 2,233,435,250.00 NA
—Strips $ 238,812,800.00 $ 284,649,250.00 NA
Notes $ 5,749,183,709.89 $ 5,701,771,000.00 $ 63,176,626.73
Federal Agency:
Bonds $ 908,826,141.87 $ 905,682,893.30 $ 14,103,986.39
Floaters $ 319,979,989.05 $ 320,273,850.00 $ 3,349,125.85
MBS $ 159,485,335.27 $ 158,029,632.64 $ 949,068.36
GNMA $ 3,434,464.04 $ 3,867,745.76 $ 33,087.62
SBA $ 183,581,869.82 $ 185,275,634.24 $ 1,838,657.43
FHLMC PC $ 31,336,865.38 $ 33,765,461.22 $ 503,308.39
Discount Notes $ 497,127,631.96 $ 508,412,500.00 NA
Bankers Acceptances $ 187,050,742.80 $ 187,093,656.13 NA
Corporate:
Bonds $ 1,492,335,273.67 $ 1,490,174,292.95 $ 30,932,539.17
Floaters $ 530,719,517.27 $ 530,897,987.50 $ 7,138,833.89
CDs $ 8,057,231,258.42 $ 8,114,048,402.75 $ 15,515,337.49
Bank Notes $ 635,000,000.00 $ 649,327,827.45 $ 6,121,166.67
Repurchase Agreements $ - $ - NA
Time Deposits $ 386,595,000.00 $ 386,595,000.00 NA
AB 55&G F Loans $ 1,684,693,013.00 $ 1,684,693,013.00 NA
Commercial Paper $ 6,816,900,329.91 $ 6,818,151,363.24 NA
Reverse Repurchase $ 444,425,000.00 $ 444,425,000.00 $ 45,940.97
TOTAL $ 29,599,766,781.94 $ 29,751,719,760.17 $ 143,615,797.01
Estimated Market Value Including Accrued Interest $ 29,895,335,557.19
NOTE: 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.
t A. N4 09 APART OFT E RECORD AT THE
C L --IRTINGi OF � /7--7,7
bF#101 OF THE CITY CLERK
CONNII BROCKWAY,CITY CLERK
rr�'
AiJr�ri "1 /., 17
�tl�lrl I r'r1di, �t111.��ti1� CGG
------------- --
Treasurer's Report-Shari L.Fieidenrich, CPA
Investment Balances Trends
Portfolio Balances by Type in Millions
70 65
77^0 -56 57 55
oil
40
Ju
MM
W:
10�;
0
Slide 2
Jan sew NM Der Jam.
P
1
Treasurer's Report-Shari L Freidendch, CPA
Investment Yields Trends
E:1 LAIF/T-Bill Ave. Actual — LAW
P 626
e 6.00.1 519 5.82 r,6a 5.83
5.75 5.6 I
c 6.50
e 5.25
n 5.00 I
t 4.75
a 4.50
e 4.00
Jan. .Sept. Dec. Jan.
Month Slide 3
Treasurer's Report-Shari L.Freidenrich, CPA
Summary - Investment Portfolio
Financial Information: January 1997
l Descripbon Decemberl
i •
Balance $69,689,083 $65,400,483 $(4,288,600)
Interest /Month $308,159 $336,223 $28,064
Interest Yield 5.80% 5.83% 0.03%
Avg Maturity I Days 385 393 8
End of Month
-Cash Balance $407,772 $2,370,707 $1,962,935
Slide 4
2
"1
Treasurer's-Report-'Shari L Freidenrich,CPA
Summary - Investment-Portfolio
Individual Investments: -January 1997
Investment Amount Portfolio Percent/ Days Int.
Type January Policy Limit Mat. Rate
Banker Acceptances $1,948,253 3% 125% 104 :5.61
Federal Agcy.Issues$22,986,940 35% I None 1018 6.39
LAIF $30,509,136 - 47%0 l$40 M 1 5.58
Med Term Notes $6,037,152 . 9% L20%._ . 291 5.82
Commercial Paper $2,937,966 40/6 1150/6 83. 5.47 .
US Treasuries $981,036 2% I None 40. 9.19
Slide 5 _ LL
Ow
Tre-asurer's Report-Shari L.Freidenrich, CPA
Investment Type
Percentage.of Total
LAIF
Federal
35% Notes
I
s
Accepta'Ices Slide 6
r a'
Treasurer's Report-Shad L Freidendch, CPA
Investment Maturities by Days
Ending January 31,1997
$0%. c.. ■1 Day
40°� p 2-180 Days
■.5-1.Yr.
30% ❑1 -1.5 Yr. i
_ o
20% 9/09% 8% ° ■1.5-2 Yr.
10% 0.2.-3.Yr.
0% ■3-4.Yr.
3% ❑4-5 Yr:
Slide 7
Treasurer's Report-Shari L Freidenrich, CPA
Summary
o.. Recommendation to City Council
Slide 8
4
03/14/1997 RECEIVED FROM /� `!�"� ` CITY OF 14UNTINGTON BEACH PM - 1
AND MADE A PART OFT E RECOR�T THE PORTFOLIO MASTER SUMMARY CITY
COUNCIL MEETING OF `R —/� /2 JANUARY 31, 1997 ACCRUAL
OFFICE OF THE CITY CLERK
CONNIE BROCKWAY,CITY CLERK
AVERAGE ---YIELD TO MATURITY---
PERCENT OF AVERAGE DAYS TO 360 365
INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT
------------------------------------------------------------------------------------------------------------------------------------
Bankers Acceptances........ ... .... ..... ... ...$ 1,948,252.50 2.98 173 103 5.528 5.605
Commercial Paper - Discount... .... .. ... ......$ 2,937,966.39 4.49 141 83 5.398 5.473
Federal Agency Issues - Coupon...............$ 22,986,940.67 35.15 1,398 1,018 6.305 6.392
Local Agency Investment Funds. ......... ..... .$ 30,509,135.62 46.65 1 1 5.507 5.583
Treasury Securities - Discount.. ....... .. ....$ 981,035.56 1.50 136 40 5.117 5.188
Medium Term Notes. ...........................$ 6,037,152.36 9.23 559 291 5.744 5.824
------------------------------------------------------------------------------
TOTAL INVESTMENTS and AVERAGES.. ...... .....$ 65,400,483.10 100.00% 557 393 5.799% 5.880%
MONTH ENDING FISCAL FISCAL
TOTAL EARNINGS JANUARY 31 YEAR TO DATE YEAR ENDING
Current Year $ 336,222.80 $ 1,203,965.20
AVERAGE DAILY BALANCE $ 67,857,939.47 $ 61,042,602.18
EFFECTIVE RATE OF RETURN 5.83% 5.8516
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
L� FREI ElkCH pooled investments and is in conformity with all State laws and the investment
CITY THE\ASU R policy statement filed with the City Council on Dec. 16, 1996. A copy of this
policy is available at the office of the City Clerk. The investment program
c /7 herein shown provides sufficient cash flow liquidity to meet next month's
DATE , estimated expenditures. Market Values provided by Sanwa Bank via the Bond Buyer
Company.
,3