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HomeMy WebLinkAbout1996 City Treasurer's Monthly Investment Summary Reports - B Council/Agency Meeting Held: l9 7 Deferred/Continued to: i<pproved ❑ onditio ally A proved ❑ Denied ity Clerk's Sign re .Council Meeting Date: 2/3/97 Department ID Number: CT 97-003 Q-, � 0(.m CITY OF HUNTINGTON BEACH 11a-1?19-7 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: DECEMBER 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 December, 1996 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 December, 1996, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(sl: Deny or critique monthly report. O1/27/1997 PM - 6 CITY OF HUNTINGTON BEACH CITY INVESTMENT ACTIVITY SUMMARY OCTOBER 1996 through DBCBMBBR 1996 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 BQUIV BQUIV RATE PURCHASED MATURED/SOLD TERM MATURITY ------------------------------------------------------------------------------------------------------------------- October 96 27 55,915,357.08 5.821 5.903 5.601 25 24 628 475 November 96 27 54,815,162.80 5.814 5.895 5.599 18 18 641 466 December 96 32 69,689,082.72 5.754 5.835 5.574 27 22 535 385 --------------------------------------------------------------------------------------------------- AVERAGES 29 $ 60,139,867.53 5.796$ 5.878% 5.591% 23 21 601 442 O1/27/1997 PM - 7 CITY OF HUNTINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE OCTOBER 1996 through DECEMBER 1996 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 ---------------------------------------------------------------------------------------------------------------------- AVERAGES 5.1$ 3.3% 4.2$ 36.3% 37.2% 1.7% 12.3% RPA - Repurchase Agreements SCD - Certificates of Deposit BAC - Bankers Acceptances CON - Commercial Paper - Discount CPI - Commercial Paper - Interest Bearing PAC - 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 Council/Agency Meeting Held: 3/0.10 Deferred/Continued to: Cd Approved ❑ ndition ly Ap roved ❑ Denied City Clerk's Si ature Council Meeting Date: 1/21/97 Department ID Number: CT 97-002 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City Treasur PREPARED BY: SHARI L. FREIDENRICH, City Treasurer SUBJECT: NOVEMBER 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 November, 1996 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 November, 1996, 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: 1/21/97 DEPARTMENT ID NUMBER: CT 97-002 Analysis: Not applicable. Environmental Status: Not applicable. Attachmen s City Clerk's Page Number .......... Monthly Investment Report and Summary of Investments for November, 1996 0019719.01 -2- 01/07/97 4:38 PM City of Huntington Beach Summary of Investment Portfolio Activity for November 1996 Financial Information: Increase October November (Decrease) End of month City Portfolio Balance $55,915,357 $54,815,163 ($1,100,194) Accrued Interest at Purchase $42,000 $42,000 $0 Interest Earned for Month $292,020 $266,651 ($25,369) Earned Interest Yield Average 5.89% 5.89% 0.00% Average Maturity ( in days) 475 466 -9 End of Month Market Value $55,999,346 $54,956,013 ($1,043,333) End of month bank cash balance $1,656,199 $2,063,250 $407,051 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $266,651 ($8,349) Interest Earned Year to Date $550,000 $558,671 $8,671 Earned Interest Yield Year to Date 5.25% 5.89% 0.64% Transaction Summary: Increase October November (Decrease) Number of Securities Purchased 25 18 -7 Number of Securities Matured/Sold 24 18 -6 Summary by Individual Investment: Days Int. November % of Total Policy Limit to Mat. Rate Repurchase Agreements $2,700,000 5% None 1 5.07% Bankers Acceptances $1,947,873 3% 25% 80 5.65% Federal Agency Issues $20,985,087 38% None 1112 6.43% Local Agency Inv. Fund (LAIF) $19,211,965 35% $40 Million 1 5.60% Medium Term Notes $7,019,267 13% 20% 261 5.72% Commercial Paper $1,969,935 4% 15% 68 5.46% Treasury Securities $981,036 2% None 102 5.19% Total $54,815,163 100% )8/28/1996 PM - 7 CITY OF HUNfINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE OCTOBER 1995 through JULY 1996 dONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------ ND YEAR RPA SCD BAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MCI MD1 PA1 GN1 ------------------------------------------------------------------------------------------------------------------------------------ )ctober 95 7.8 9.5 78.8 3.9 November 95 5.1 9.8 81.1 4.1 December 95 18.4 3.3 8.1 66.9 3.3 January 96 8.0 3.5 1.8 6.6 71.1 7.1 February 96 7.2 7.1 14.0 59.2 12.5 ".arch 96 7.0 10.8 16.2 53.2 12.8 April 96 13.3 6.4 21.3 47.7 11.3 :day 96 7.2 3.2 35.7 42.6 11.3 June 96 10.8 37.4 41.0 10.9 July 96 7.7 3.3 40.2 33.9 3.3 11.7 ----------'-----------------------------------------------'------------------------------------------------------------ •AVERAGES 9.2% 3.7% 0.2% 20.1% 57.5t 0.3% 8.9% ..............................................................................................e........_........ _..__. 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'I5sues - 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 7/31/96 f" �1f 6r t 1"y� S 9.�1{p- -r � 16tvt+ �i ,•1 P � '� XA e:::•.`r`.: ,+ 4�4�.....: :. ( a .i, :l�.kl fi.ya+ / .3 iul�n:a��... re^._...i;,....s.. J0. a a. r+.�.•.• - s 5ax..en ..i,T; United States Treasury: Bills $ 2,161,860,852.01 $ 2,208,466,135.00 NA Strips $ 384,016,480.00 $ 441.710.114.00 NA Notes $ 5,081,444,147.37 $ 4,998,840,423.00 $ 64,010,715.61 Federal Agency: ' Bonds $ 424,767,572.05 $ 419,244,250.00 $ 5,934,866.36 Floaters $ 454,928,512.73 $ 456,191,300.00 $ 8,858,893.89 MBS $ 164,988,770.80 $ 159,713,983.41 $ 982,695.61 TVA $ 29,924,691.38 $ 30,001,534.46 $ 545,061,53 GNMA $ 4,188,369.20 $ 4,624,305,49 $ 39,952.28 SBA $ 116,429,165.54 $ 117,782,262.13 $ 1,184,997.80 FMLMC PC $ 34,552,549.70 $ 36,760,798.46 $ 554,893.51 Discount Notes $ 181,777,813.89 $ 184,005,050.00 NA Bankers Acceptances $ 319,497,074.86 $ 320,270,830.15 NA Corporate: Bonds $ 1,457,994,955.81 $ 1,447,972,918.81 $ 29,133,355.44 Floaters $ 580,760,942.27 $ 580,871,767.50 $ 5,219,398.16 CDs $ 5,134,808,394.52 $ 5,163,115,495.04 $ 9,007,560.28 Bank Notes $ 940,102,337.51 $ 944,619,419.90 $ 3,579,906.95 Repurchase Agreements $ 166,000,000.00 $ 166,000,000.00 NA Time Deposits $ 339,995,000.00 $ 339,996,000.00 NA A6 55&GF Loans $ 3,587,489,978.00 $ 3,587,489,978.00 NA Commercial Paper $ 5,925,50 ,205.99 $ 6,933,752,393.26 NA Reverse Repurchase $ (407,250,000.00) $ (407,250,000.00) $ (430,718.75) TOTAL $ 27,083,782,813.63 $ 27,134,177,958.59 $ 128,621,578.66 Estimated Market Value Including Accrued Interest $ 27,262,799,537.25 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(8Ns), 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. 1 9City of Huntington Beach NU310 u'o�dnn�Ooss3�NN00 `7 A1313"0 3Hl d0 3OW:10 Summaryof Investment Portf d!O LWVdV30M(INV �1 03 a d01dMd V 3adW ONtJ Activity for July, 1996 woad aani3O3a Financial Information: Increase June July (Decrease) End of month City Portfolio Balance $64,714,430 $60,141,846 ($4,572,584) Accrued Interest at Purchase $27,234 $48,234 $21,000 .Interest Earned for Month $300,705 $309,720 $9,015 Earned Interest Yield Average 5.83% 5.88% 0.05% Average Maturity ( in days) 522 551 29 End of Month Market Value $64,503,806 $59,916,913 ($4,586,893) End of month bank cash balance $1,250,219 $1,842,356 $592,137 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $309,720 $34,720 Interest Earned Year to Date $2,750,000 $2,754,731 $4,731 Earned Interest Yield Year to Date 5.50% 5.81% 0.31% Transaction Summary: Increase June July (Decrease) Number of Securities Purchased 22 23 1 Number of Securities Matured/Sold 21 22 1 Percent of Available Funds Invested 98% 97% -1% Summary by Individual Investment: Days Int. July % of Total Policy Limit to Mat. Rate Repurchase Agreements $4,600,000 7.6% None 1 5.07% Bankers Acceptances $1,955,624 3.3% 25% 114 5.73% Federal Agency Issues $24,178,807 40.2% None 1244 6.50% Local Agency Inv. Fund (LAIF) $20,398,501 33.9% $40 M 1 5.59% Treasury Securities $1,985,281 3.3% None 49 5.20% Medium Term Notes $7,023,633 11.7% 20% 383 5.72% Total $60,141,846 100% i T T T T Treasurers Report-Shari L.Freidenrich,CPA Investment Balances Trends Portfolio Balances by Type in Millions 70 60 60 6 � 61 50 40 .....:...........::.........:..:...:..:.::::.:. .............................................. .............................................. .............. ..... 0 - Slide 2 Oei Nov. Dec Jam Feh hW. Apr. My Juan Juy Treasurers Report-Shari L Freidenrich,CPA nvestment Yields Trends — LAIF Performance Actual HB Yield P 8.1 6 1 r 5.D S.B S.D c 5.8 e 5.7 n S.8 t 5.5 S a 5.4 0 5.3 e 5.2 Oct. Dec. Feb. Apr. 'June Slide Month Treasurers Report-Shari L.Freidenrich,CPA Summary- Investment Portfolio Financial Information: July 1996 Balance S 64,714.450 S 60,U1,646 $14,572,584j Interest I Month $300.705 S 3DD,720 S 9,e15 Interest Yield 5.1T/6 5.04 0.05% Avg Maturity/Days 522 551 26 End of Month Cash Balance $1,25g2t6 $1,842,351 S 592,137 Slide 4 Tressurer's Report-Shari L Freidenrich,CPA Summary- Investment Portfolio Individual Investments: July 1996 .......: 'i? ::;:?gM9Ri Repurch.Agree 14,00.000 1'A None 1 5.07 Banker Acceptances 11,1M5,124 21A 251A 11114 5.72 Federal Agcy.Issues 5 24,171,107 40% None 1211 1.50 LAIF 5 20,311,501 211A 340 Mg 1 5.51 Treasury Securities 1 1,115,211 3% None a 5.20 Med Term Notes 17.0",122 12% 20'A 212 5.77 Slide 5 Treasurers Report-Shari L.Freidenrich,CPA Investment Type Percentage of Total • s .:P�lsAee: Ace*p W Slide 6 Treasurers Report-Shari L Freidenrich,CPA Investment Maturities by Days Ending July 31,1996 50% 42% M 1 pay 40% ®2-160 Days ? 0.5-1 Yr. 30% £ . 1-1.5 Yr. 20% 5 ' 10% ■1.5.2 Yr. 7' 02-3Yr. 10% s 03-4Yr. 0% < 3%' 04-5 Yr. Slide 7 Treasurers Report-Shari L Freidenrich,CPA Summary e Recommendation to City Council Slide 8 �- 310.ap Council/Agency Meeting Held: Deferred/Continued to: ` ®'Approved Co ditionally Ap roved ❑ Denied City Clerk's Eanature ' Council Meeting Date: 08/19/96 Department ID Number: TR 96-003 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: 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 June, 1996 pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept monthly report. Alternative Action(s): Deny or critique monthly report. i City of Huntington Beach Summary of Investment Portfolio Activity for June, 1996 Financial'.Information: Increase May June (Decrease) End of month City Portfolio Balance $62,185,031 $64,714,430 $2,529,399 Accrued Interest at Purchase $125,834 $27,234 ($98,600) Interest Earned for Month $305,125 $300,705 ($4,420) Earned Interest Yield Average 5.75% 5.83% 0.08% Average Maturity ( in days) 487 522 35 End of Month Market Value .$61,977,240 $64,503,806 $2,526,566 End of month bank cash balance $1,955,446 $1,250,219 ($705,227) Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $300,705 $25,705 Interest Earned Year to Date $2,200,000 $2,445,026 $245,026 Earned Interest Yield Year to Date 5.50% 5.80% 0.30% Transaction Summary: Increase May June (Decrease) Number of.Securities Purchased 23 22 -1 Number of-Securities Matured/Sold 22 21 -1 Percent of Available Funds Invested 97% 98% 1% Summary by Individual Investment: Days Int. June % of Total Policy Limit to Mat. Rate Repurchase Agreements $7,000,000 10.8% None 1 5.69% Bankers Acceptances $0 0.0% 25% 0 0.00% Federal Agency Issues $24,177,880 37.4% None 1275 6.49% Local Agency Inv. Fund (LAIF) $26,511,826 41.0% None 1 5.55% Medium Term Notes $7,024,724 10.9% 20% 414 5.72% Total $64,714,430 100% RtQUEST FOR COUNCIL ACTS MEETING DATE: 08/05/96 DEPARTMENT ID NUMBER: Analysis: Not applicable. Environmental Status: Not applicable. Attachments): NumberCity Clerk's Page Monthly Investment Report for June, 1996. DocumenU -2- 07/26/96 9:53 AM 07/26/1996 CITY OF HUNTINGTON BEACH PM - 1 PORTFOLIO MASTER SUMMARY CITY JUNE 30, 1996 ACCRUAL r AVERAGE ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT ------------------------------------------------------------------------------------------------------------------------------------ Repurchase Agreements........................$ 7,000,000.00 10.82 3 0 5.000 5.069 Federal Agency Issues = Coupon...............$ 24,177,879.96 37.36 1,460 1,275 6.403 6.492 Local Agency Investment Funds................$ 26,511,825.42 40.97 1 1 5.472 5.548 Medium Term Notes............................$ 7,024,724.27 10.85 534 414 5.639 5.717 TOTAL INVESTMENTS and AVERAGES.............$ 64,714,429.65 100.00% 604 522 5.787% 5.867% ......................save.................................................... CASH Passbook/Checking Accounts...................$ 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase.................$ 27,233.62 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST.............$ 27,233.62 ...............—........................... .................................. TOTAL CASH and INVESTMENTS.................$ 64,741,663.27 .............................................................................. MONTH ENDING FISCAL FISCAL TOTAL EARNINGS JUNE 30 YEAR TO DATE YEAR ENDING Current Year $ 300,704.83 $ 2,445,026.40 AVERAGE DAILY BALANCE $ 62,728,180.97 $ 56,117,847.49 EFFECTIVE RATE OF RETURN 5.83% 5.80% 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 I FREI E ICH pooled investments and is in conformity with all State laws and the investment =ITY R policy statement filed with the City Council on Oct. 16,1995. 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 next month's DATE estimated expenditures. s 07/26/1996 CITY OF HUNTINGTON BEACH PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY JUNE 30, 1996 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 96-186 Sanwa Bank - Los Angeles 06/28/96 7,000,000.00 7,000,000.00 7,000,000.00 5.000 5.000 5.069 07/01/96 0 AVERAGES 4,705,000.00 BANKERS ACCEPTANCES AVERAGES 1,641,990.75 FEDERAL AGENCY ISSUES - COUPON 2759 FEDERAL FARM CREDIT BANK 05/14/96 2,000,000.00 2,000,000.00 1,999,200.00 6.750 6.658 6.750 05/14/99 1,047 2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 2,000,000.00 5.180 5.109 5.180 08/26/98 786 2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,D00,0D0.00 973,750.00 5.300 5.227 5.300 11/18/98 870 2736A Federal Home Loan Bank 04/20/94 197,368.42 197,368.42 197,368.42 6.835 6.741 6.835 04/20/99 1,023 2754 Federal Home Loan Bank 04/23/96 3,000,000.00 3,000,000.00 2,954,062.50 7.000 6.904 7.000 04/23/01 1,757 2755 Federal Home Loan Bank 04/30/96 2,000,000.00 2,000,000.00 1,979,375.00 7.2D0 7.101 7.200 04/30/01 1,764 2761 Federal Home Loan Bank 05/20/96 1,000,000.00 1,000,000.00 1,001,875.00 6.300 6.214 6.300 11/20/97 507 2757 Federal Home Loan Mort Corp 05/14/96 2,002,390.41 2,000,000.00 1,997,500.00 6.800 6.661 6.753 05/14/99 1,047 2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,000,000.00 6.990 6.B94 6.990 05/17/01 1,781 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 1,813 2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,982,353.56 3,000,000.D0 2,932,500.00 5.000 5.235 5.308 02/25/98 604 2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,000,000.00 1,000,000.00 989,300.00 6.210 6.125 6.210 03/24/99 996 2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,995,767.57 2,000,0D0.0D 1,993,750.00 6.850 6.817 6.912 05/26/00 1,425 2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 990,500.00 6.870 6.776 6.870 06/01/01 1,796 2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,000,000.00 7.070 6.973 7.070 08/25/01 1,881 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 22,644,113.03 24,177,879.96 24,009,180.92 24,197,36B.42 6.403 6.492 1,275 LOCAL AGENCY INVESTMENT FUNDS 982 Laif .City 16,263,397.98 16,263,397.9E 16,263,397.98 5.54E 5.472 5.546 1 2206 LAIF-Redevelopment Agency 10,248,427.44 10,248,427.44 10,248,427.44 5.546 5.472 5.548 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 26,511,825.42 26,511,825.42 26,511,825.42 26,511,825.42 5.472 5.548 1 MEDIUM TERM NOTES 2748 AT&T 02/22/96 2,000,181.58 2,000,00D.00 1,978,200.00 5.350 5.340 5.414 08/12/97 407 2750 AT&T 02/26/96 999,704.84 1,000,000.00 985,000.00 5.410 5.427 5.503 01/30/98 578 2763 FORD MOTOR CORP. 05/07/96 1,022,525.00 1,000,000.00 1,023,000.00 8.000 6.329 6.417 12/01/97 518 2745 Gen. Mtr Accept Corp 01/10/96 1,996,098.57 2,000,000.00 1,992,000.00 5.000 5.352 5.427 01/27/97 210 2756 US LIFE CORP 05/07/96 1,006,214.28 1,000,000.00 1,004,600.00 6.750 6.310 6.398 01/15/98 563 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 7,025,251.76 7,024,724.27 6,982,800.00 7,000,000.00 5.639 5.717 414 07/26/1996 CITY OF HUNTINGTON BEACH PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY JUNE 30, 1996 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. $ 64,714,429.65 64,503,806.34 62,728,180.97 64,709,193.84 5.787% 5.867% 522 ......................................................................................................... 07/26/1996 CITY OF HUNTINGTON BEACH PM - 4 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY JUNE 1, 1996 - JUNE 30, 1996 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS �. BALANCE ----------------------------------------------------------------------------------------------------------------J---------------- REPURCHASE AGREEMENTS 96-166 Sanwa Bank - Loa Angeles 5.063 06/03/1996 4,500,000.00 96-167 Sanwa Bank - Los Angeles 5.000 06/03/1996 4,800,000.00 06/04/2996 4,800,000.00 96-168 Sanwa Bank - Los Angeles 5.000 06/04/1996 5,600,000.00 06/05/1996 5,600,000.00 96-169 Sanwa Bank - Los Angeles 5.125 06/05/1996 5,150,000.00 06/06/1996 5,250,000.00 96-170 Sanwa Bank - Los Angeles 4.875 06/06/1996 5,000,000.00 06/07/1996 5,000,000.00 96-171 Sanwa Bank - Los Angeles 4.750 06/07/1996 4,400,000.00 06/10/1996 4,400,000.00 96-172 Sanwa Bank - Los Angeles 5.000 06/10/1996 4,500,000.00 06/11/1996 4,500,000.00 96-173 Sanwa Bank - Los Angeles 5.000 06/11/1996 4,500,000.00 06/12/1996 4,500,000.00 96-174 Sanwa Bank - Los Angeles 5.000 06/12/1996 4,800,000.00 06/13/1996 4,800,000.00 96-175 Sanwa Bank - Los Angeles 5.000 06/13/1996 5,000,000.00 06/14/1996 5,000,000.00 96-176 Sanwa Bank - Los Angeles 5.000 06/14/1996 5,000,000.00 06/17/1996 5,000,000.00 96-177 Sanwa Bank - Los Angeles 5.000 06/17/1996 5,500,000.00 06/18/1996 5,500,000.00 96-178 Sanwa Bank - Los Angeles 5.000 06/18/1996 4,000,000.00 06/19/1996 4,000,000.00 96-179 Sanwa Bank - Los Angeles 5.000 06/19/1996 4,000,000.00 06/20/1996 4,000,000.00 96-160 Sanwa Bank - Los Angeles 5.000 06/20/1996 4,200,000.00 06/21/1996 4,200,000.00 96-181 Sanwa Bank - Los Angeles 5.000 06/21/1996 3,200,000.00 06/24/1996 3,200,000.00 96-162 Sanwa Bank - Los Angeles 5.063 06/24/1996 2,000,000.00 06/25/1996 2,000,000.00 96-183 Sanwa Bank - Los Angeles 5.000 06/25/1996 2,300,000.00 06/26/1996 2,300,000.00 96-164 Sanwa Bank - Los Angeles 5.000 06/26/1996 5,800,000.00 06/27/1996 5,600,000.00 96-185 Sanwa Bank - Los Angeles 5.000 06/27/1996 6,200,000.00 06/28/1996 6,200,000.00 96-166 Sanwa Bank - Los Angeles 5.000 06/28/1996 7,000,000.00 SUBTOTALS and ENDING BALANCE 92,950,000.00 90,450,000.00 7,000,000.00 07/26/1996 PM - 6 CITY OF HUNTINGTON BEACH CITY INVESTMENT ACTIVITY SUMMARY OCTOBER 1995 through JUNE 1996 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 95 11 50,787,924.20 5.823 5.903 5.784 21 24 247 117 November 95 11 49,337,924.20 5.849 5.930 5.805 19 19 254 116 December 95 13 59,806,332.53 5.660 5.739 5.748 22 20 214 95 January 96 15' 56,287,912.75 5.713 5.792 5.698 24 22 241 ill February 96 19 55,751,056.43 5.625 5.703 5.643 25 21 316 178 March 96 21 54,547,921.18 5.582 5.660 5.557 23 21 347 195 April 96 20 61,818,147.16 5.635 5.714 5.538 24 25 432 298 May 96 24 62,185,031.2B 5.762 5.843 5.538 29 25 560 487 June 96 25 64,714,429.65 5.786 5.867 5.548 22 21 604 522 --------------------------------------------------------------------------------------------------- AVERAGES 18 $ 57,248,519.93 5.715% 5.795% 5.651% 23 22 357 235 .....e. ........ ..e.o�aaa.a.......................................................... ....... 07/26/1996 PM - 7 CITY OF HUNTINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE OCTOBER 1995 through JUNE 1996 MOA'TH ------------------------------------------------ TYPES OF INVESTMENTS -----------------------------0------------------- END YEAR RPA SCD BAC COM CPI FAC FAD LA1 TRC TRD MTN NCB BCD MCI MD1 PAI- GN1 ------------------------------------------------------------------------------------------------------------------------------------ October 95 7.8 9.5 78.8 3.9 November 95 5.1 9.8 81.1 4.1 December 95 18.4 3.3 8.1 66.9 3.3 January 96 8.0 3.5 1.8 8.6 71.1 7.1 February 96 7.2 7.1 14.0 59.2 12.5 March 96 7.0 10.8 16.2 53.2 12.8 April 96 13.3 6.4 21.3 47.7 11.3 May 96 7.2 3.2 35.7 42.6 11.3 June 96 10.8 37.4 41-.0 10.9 ---------------------------------------------------------------------------------------------------------------------- AVERAGES 9.4% 3.8% 0.2% 17.8% 60.2% 8.6% ........................................................-........................................................... 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 MDI - Miscellaneous Securities - Discount PA1 - Mutual Funds / Passbook GN1 - Mortgage Backed Securities State of California Pooled Money Investment Account Market Valuation 6/30/96 ,L ♦ v �:'°.{':::q:-�;�:�fi'''. ��:t::::.,. y,,w•s.;....Y'8�a:¢�;cwFii��kti; :;::;:i: '6 .[ ti ,�r\�•`C� ♦•:.:`.:a�'• � n t��t�C3`>�f:�.•iA��t•Yw n'fi�' �'-'.v,.,. :'trw.,•:.;.::. •:[ i .. :..•�+��{�'t'...•.-•.'.�.�?,Q, v\��k,'.,\A\t'•,C,.....-: �\....` vtitic`-a•N:ie:U\ti'.'.:.;.:�t}r0. t7..<..• ..v,•:::.�n,..:ti,2c:•:.;t''+�c�0v. ,:.k�:.".4:cw±car..a4..>''"`Sih:i'.�:a:+;.ti i-;::ii:.--:;�:is.::.:>:` ?k,: ,:.. ..•�E•,`.,.:�i,.3� -::4�•.cf�:....-.:.::, , 18r 'a1t7+ w f< eves# . United States Treasury: Bills $ 2,340,375,347.80 $ 2,383,719,870.00 NA Strips $ 384,015,480.00 $ 439,855,404.00 NA Notes $ 5,781,009,624.08 $ 5,703,910,291.00 $ 81,304,970.00 Federal Agency: Bonds $ 374,793,164.30 $ 369,679,250.00 $ 4,633,110.00 Floaters $ 454,903,271.82 $ 456,181,750.00 $ 2,724,576.67 MBS $ 166,508,409.28 $ 160,154,924.41 $ 982,695.61 TVA $ 29,910,370.97 $ 30,034,989.05 $ 736,361.27 GNMA 1 4,334,319.02 $ 4,763,778.77 $ 41,122.14 SBA $ 108,501,924.35 $ 109,681,370.85 $ 1,108,316.74 FHLMC PC $ 35,084,001.20 $ 37,335,013.37 $ 563,460.15 Discount Notes $ 450,654,682.72 $ 456,081,638.60 NA Bankers Acceptances $ 577,407,566.34 . $ 578,021,016.50 NA Corporate: Bonds $ 1,438,328,033.04 $ 1,430,481,623.83 $ 22,869,113.18 Floaters $ 580,781,429.63 $ 580,871,025.00 $ 3,758,666.18 CDs $ 5,209,165,082.30 $ 5,250,628,542.52 $ 9,450,743.20 Bank Notes, $ 1,240,097,280.99 $ 1,247,321,892.61 $ 2,762,563.25 Re urchase Agreements NA NA NA Time Deposits $ 446,995,000.00 $ 446,995,000.00 NA AB 55 & GF Loans $ 1,166,535,026.54 $ 1,166,535,026.54 NA Commercial Paper $ 5,991,748,905.71 $ 5,999,362,736.59 NA Reverse Repurchase NA NA NA TOTAL $ 26,781,148,920.09 $ 26,851,615,143.64 $ 130,935,698.39 Estimated Market Value Including Accrued Interest $ 26,982,550,842.03 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. 31(7,1.0 Council/Agency Meeting Held: 71(s h/ Deferred/Continued to: O'�Approved Condi 'onall Approved El Denied ity Clerk's Signat e -o I Council Meeting Date: 7/15/96 Department ID Number: CT 96-002 CITY OF HUNTtNGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City Treasureof PREPARED BY: SHARI L. FREIDENRICH, City Treasurer SUBJECT: INVESTMENT SUMMARY REVIEW Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachments) Statement of Issue: Review and accept the monthly investment reports for October, November, December, 1995, January, and February,1996; previously presented to Council but not formally agendized, and review and accept the reports for March, April, and May, 1996, pursuant to section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept monthly reports. Alternative Actions : Deny or critique monthly reports. r-- REQUEST FOR COUNCIL AC1 iON MEETING DATE: 7/15/96 DEPARTMENT ID NUMBER: CT 96-002 Analysis: Not applicable. Environmental Status: Not applicable. Attachment(s): NumberCity Clerk's Page I — Monthly Investment Reports (October, '1995 to May, 1996, inclusive) DocumenU -2- 06/28/96 4:07 PM RCA ROUTING SHEET INITIATING DEPARTMENT: CITY TREASURER SUBJECT: JUNE INVESTMENT SUMMARY COUNCIL MEETING DATE: August 19, 1996 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 A plicable 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 Attomeyj Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable ....... _ ..... ... ..... ... . ..... __.... ......... ......... ....... ......... ........ ._..... ....................... . ........ .... ....... ....... . _ _. ....... .. ........ ._..... ....... ... EXPLANATION FOR MISSING ATTACHMENTS . . ........ ......... ................ . ....... _ ........ ..._ _ _ ........ _..... .......... REVIEWED RETURNED FOR; DED ... _.. .... _. Administrative Staff VXV Assistant City Administrator Initial City Administrator Initial ' City Clerk ......... _........ ........ ........ ......... ........ . ........ . ......- ........................._.._...... EXPLANATI N F R RETIRN F ITEM SpaceOnly) f . FROM RECORDAND MADE A PART OF THk AT THE COUNCIL MEETING • OFFICE OF CONNIE BROCKWAY,CITY CLERK TREAS RERi SRE,PORT 4 S, Shar.��4�.�Fre�derrnch August 19,4996,� o Investment Balances Trends o Investment Yields Trends o June Investment Balances o June Investments by Type/ o Investment Maturities by Days Investment Balances Trends ",Poriioiio gaianc—as by fypo in Millions 70 60 Mad Notes so , .t1UF 40 s Fed A% 30 ca o 9A 2D plepur. 10 o — — Oct. Nov. Dec. Jan Feh Mar. Apr. May June Investment Yields Trends I. '— LAIF Performance Actual H3 Yijld 6.1' 6.1 6.0 . 6.9 5.9 5.9 5.9 5.8 5.5 .8 5.8 5.8 5.8 5.8 5.7 5.6 5.8 5.5 5.4 5.3 5.2 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June 1 (�',;:;)Summary - Investment Portfolio �J Financial inforr�aiion:Jugs 1 gg� Description Balance f 62,185,031 i 64,714,430 S 2,529,399 Interest /Month S 305,725 S 300,705 S(4,420) Interest Yield 5.75% 5.83% 0.08% Avg Maturity 1 Days 487 522 35 End of Month -Cash Balance St,955,446 S 7,250,219 S(705,227) ('':���:;;,;Summary - Investment Portfolio !I�•,l -.Individual)nNQ�ilil3nis: Juna 193S Repurch Agree j 7,000,000 11% None t 5.07 Banker Acceptances S 0 0°,6 25% 0 0.00 FederalAgcy.lssuesi 24,177,88037% None 1275 6.49 LAIF j 26,511,825 41%S 40 Mil 1 5.55 Med Term Notes S 7,024,724 tt% ZO°,6 414 5.72 Investment Type F'crc„ntogs or Toial Federal Agency Iswe IAIF 37% 41% RapWChm Medium Tenn Ag Notes- I� 11% 11°h , °.`.. .'Investment Maturities by Days Ending June 30,1996 60%/; 52% 1 Day 50%,, 0 2-180 Daya 40%,1 .5-1 Yr. 30%1 ❑1-1.5Yr. 20% 6% 8%13% 15% 1.5-2 Yr. 3%/- ©� ■2-3Yr. 10%�� -� 3-4 Yr. 0°k.A— 01796 !L_.3�. •4-5Yr. Issues Iro�, LLLuuuIIl o Local Agency Investment Fund (LAIF) Meeting - Nine Cities o Marking to Market -Unrealized Losses Marking to Market Unrealized Loss(in Millions) •10 $64.70 $a&.50. o Safety $eo {60 o Liquidity 30:eo .� o Yield s20 S,0 f0 June L ,1 Summary o Recommendation to City Council TREASU�R R�'&RE '� ,PORT 21 11) .� Shari, Freidenriich August 19, 4996 3to,20 Council/Agency Meeting Held: 7 s 9 Deferred/Continued to: 0/'Approve Condi 'onall Approved ❑ Denied ity Clerk's Signat e `-o Council Meeting Date: 7/15/96 Department ID Number: CT 96-002 CITY OF HUNTIIVGTON 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: INVESTMENT SUMMARY REVIEW Statement of issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachments) Statement of Issue: Review and accept the monthly investment reports for October, November, December, 1995, January, and February,1996; previously presented to Council but not formally agendized, and review and accept the reports for March, April, and May, 1996, pursuant to section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept monthly reports. Alternative Action(s): Deny or critique monthly reports. C G r � CI1 rn cn �r7m _ r <_ .rn F ROQUEST FOR COUNCIL ACTIuN MEETING DATE: 7/15/96 DEPARTMENT ID NUMBER: CT 96-002 Analysis: Not applicable. Environmental Status: Not applicable. Attachment(s): City Clerk's Page Number I — Monthly Investment Reports (October, 1995 to May, 1996, inclusive) DocumenU -2- 06/28/96 4:07 PM (11) 7/15/96 - C cil/Agency Agenda - Page 11 Impartial Analyses The City Council may direct the preparation of impartial analyses on the measures by directing the City Attorney to do so. Resolution No. 96-49 - "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH, CALIFORNIA, SETTING PRIORITIES FOR FILING WRITTEN ARGUMENTS REGARDING CITY MEASURES AND DIRECTING THE CITY CLERK TO PREPARE IMPARTIAL ANALYSES." Recommended Action: Motion to: } arguments OR (b) Adopt Resolution No. 96-49 as amended to not give Council first priority to file written arguments but to direct the preparation of impartial analyses; [Approved 6-0] OR { } would-res t-in !12 artiat-analyses-ger F-2. (City Council) Review of Investment Portfolio Summaries Presented By City Treasurer- Pursuant To The Investment Policy of the City of Huntington Beach (310.20) Communication from the City Treasurer transmitting Investment Portfolio Summaries, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Recommended Action: Motion to: Review and accept the monthly investment reports for October, November, December, 1995, January, and February, 1996; previously presented to Council but not formally agendized, and review and accept the reports for March, April, and May, 1996, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Prepared by City Treasurer [Slide Report Presented Recommended Action Approved 6-0 and requested that the Investment Advisory Board review and ask the City Treasurer to report back to Council regarding reducing investment in LAIF Portfolio] (11) Page 12 - Council/Agent genda - 7/15/96 �' (12) F-3. (City Council) Huntington Central Park Equestrian Center Fee Increase (600.35) Communication from the Community Services Director transmitting a request from the Huntington Central Park Equestrian Center for Council approval of an increase in fees to boarders. Concessionaire's Recommendation: Approve the monthly fee increases to boarders as follows: Box stalls w/tack box from $340 to $360; Box stalls w/groom from $450 to $470; Pipe stalls w/tack box from $240 to $255; Foaling pens from $280 to $300; and, Tack store from $400 to $450. [Approved 4-2 (Leipzig, Sullivan -- NO)] Or, Staff Recommendation;'. Approve the menth�y fe e t"oarder-s--by-#h"onau.m.er-Ric-e4ndex-G[J.2-pem-ent--as follows: ISOX Stella W1taC'k-baxfFGM 340- "3,5-t ripe-stalls--Wtac1, box#ro --. 04"248; , FaEk storre`ko .13. F-4. (City Council) Santa Ana River Crossings (SARX) Cooperative Study - Phase II (600.25) Communication from the Director of Public Works informing Council that staff representatives from the Cities of Costa Mesa, Fountain Valley, Huntington Beach and Newport Beach, and from the Orange County Environmental Management Agency (OCEMA) propose that the Orange County Transportation Authority (OCTA) accept the role of lead agency for SARX Phase II and fund the necessary Environmental Impact Report/Environmental Impact Statement using Measure "M" funds. Recommended Action: Motion to: Authorize the City Administrator and City Clerk to sign the request to the OCTA to accept the role of lead agency for SARX Phase II and fund the necessary Environmental impact Report/Environmental Impact Statement (EIR/EIS) using Measure "M" funds. [Approved 6-0] G. ORDINANCES - None (12) RtQ UEST FOR COUNCIL ACTAN MEETING DATE: 2/3/97 DEPARTMENT ID NUMBER: CT 97-003 Analysis: Not applicable. Environmental Status: Not applicable. Attachment Us : City Clerk's Page Number .... ............ Monthly Investment Report and Summary of Investments for December, 1996 0019719.01 -2- 01/22/97 8:21 AM ATTAC H M E N T City of Huntington Beach Summary of Investment Portfolio Activity for December 1996 Financial Information: Increase November December (Decrease) End of month City Portfolio Balance $54,815,163 $69,689,083 $14,873,920 Accrued Interest at Purchase $42,000 $77,333 $35,333 Interest Earned for Month $266,651 $308,159 $41,508 Earned Interest Yield Average 5.89% 5.85% -0.04% Average Maturity ( in days) 466 385 -81 End of Month Market Value $54,956,013 $69,714,649 $14,758,636 End of month bank cash balance $2,063,250 $407,772 ($1,655,478) Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $308,159 $33,159 Interest Earned Year to Date $825,000 $866,830 $41,830 Earned Interest Yield Year to Date 5.25% 5.85% 0.60% Transaction Summary: Increase November December (Decrease) Number of Securities Purchased 18 27 9 Number of Securities Matured/Sold 18 22 4 Summary by Individual Investment: Days Int. December % of Total Policy Limit to Mat. Rate Repurchase Agreements $4,300,000 6% None 1 5.32% Bankers Acceptances $1,948,253 3% 25% 134 5.61% Federal Agency Issues $22,986,014 33% None 1049 6.39% Local Agency Inv. Fund (LAIF) $27,509,135 39% $40 Million 1 5.57% Medium Term Notes $8,040,076 12% 20% 249 5.73% Commercial Paper $3,924,569 6% 15% 92 5.47% Treasury Securities $981,036 1% None 71 5.19% Total $69,689,083 100% O1/27/1997 CITY OF HUNTINGTON BEACH PM - 1 PORTFOLIO MASTER SUMMARY CITY DECEMBER 31, 1996 ACCRUAL AVERAGE ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT ------------------------------------------------------------------------------------------------------------------------------------ Repurchase Agreements........................$ 4,300,000.00 6.17 2 1 5.250 5.323 Bankers Acceptances..........................$ 1,948,252.50 2.80 173 134 5.528 5.605 Commercial Paper - Discount..................$ 3,924,569.17 5.63 128 92 5.392 5.467 Federal Agency Issues - Coupon...............$ 22,986,013.69 32.98 1,398 1,049 6.305 6.392 Local Agency Investment Funds................$ 27,509,135.62 39.47 1 1 5.498 5.574 Treasury Securities - Discount...............$ 981,035.56 1.41 136 71 5.117 5.188 Medium Term Notes............................$ 8,040,076.18 11.54 515 249 5.647 5.725 ------------------------------------------------------------------------------ TOTAL INVESTMENTS and AVERAGES.............$ 69,689,082.72 100.00% 535 385 5.755$ 5.835$ ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ CASH Passbook/Checking Accounts...................$ 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase.................$ 77,333.33 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST.............$ 77,333.33 ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ TOTAL CASH and INVESTMENTS.................$ 69,766,426.05 ------------------------------------------------------------------------------ MONTH ENDING FISCAL FISCAL TOTAL EARNINGS DECEMBER 31 YEAR TO DATE YEAR ENDING Current Year $ 308,158.68 $ 866,830.41 AVERAGE DAILY BALANCE $ 62,589,745.24 $ 58,746,129.83 EFFECTIVE RATE OF RETURN 5.8096 5.8516 Current Budget $ 275,000.00 $ 825,000.00 $ 3,300,000.00 fLon 0 I certify that this report accurately reflects all City and Redevelopment Agency I L. REID I H pooled investments and is in conformity with all State laws and the investment CITY THE policy statement filed with the City Council on Oct. 16,1995. 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 next month's DATE estimated expenditures. O1/27/1997 CITY OF HUNTINGTON BEACH PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY DECEMBER 31, 1996 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 97-060 Sanwa Bank - Los Angeles 12/31/96 4,300,000.00 4,300,000.00 4,300,000.00 5.250 5.250 5.323 01/02/97 1 AVERAGES 5,341,935.48 BANKERS ACCEPTANCES 2778 FUJI BANK 12/20/96 974,065.00 1,000,000.00 976,355.56 5.460 5.605 5.683 06/09/97 159 2770 UNION BANK OF CALIFORNIA 10/28/96 974,187.50 1,000,000.00 983,596.67 5.310 5.451 5.526 04/21/97 110 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 1,948,019.60 1,948,252.50 1,959,952.23 2,000,000.00 5.528 5.605 134 COMMERCIAL PAPER - DISCOUNT 2777 WALT DISNEY CO 12/24/96 974,140.56 1,000,000.00 974,872.50 5.230 5.369 5.443 06/20/97 170 2776 General Electric 12/24/96 980,493.33 1,000,000.00 981,631.94 5.320 5.426 5.501 05/05/97 124 2769 MITSUBISHI CREDIT AMER 10/28/96 983,332.50 1,000,000.00 992,745.28 5.310 5.400 5.475 02/18/97 48 2771 MITSUBISHI CREDIT AMER 10/28/96 986,602.78 1,000,000.00 995,995.00 5.300 5.372 5.447 01/27/97 26 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 2,474,356.93 3,924,569.17 3,945,244.72 4,000,000.00 5.392 5.467 92 FEDERAL AGENCY ISSUES - COUPON 2759 FEDERAL FARM CREDIT BANK 05/14/96 2,000,000.00 2,000,000.00 2,005,180.00 6.750 6.658 6.750 05/14/99 863 2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 1,975,000.00 5.180 5.109 5.180 08/26/98 602 2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 988,437.50 5.300 5.227 5.300 11/18/98 686 2754 Federal Home Loan Bank 04/23/96 3,000,000.00 3,000,000.00 2,985,937.50 7.000 6.904 7.000 04/23/01 1,573 2757 Federal Home Loan Mort Corp OS/14/96 2,001,970.32 2,000,000.00 2,006,250.00 6.800 6.661 6.753 05/14/99 863 2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,009,200.00 6.990 6.894 6.990 05/17/01 1,597 2764 Federal Home Loan Mort Corp 06/18/96 1,000,000.00 1,000,000.00 1,001,875.00 7.470 7.368 7.470 06/18/01 1,629 2774 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 994,600.00 6.000 5.918 6.000 12/24/98 722 2775 Federal Home Loan Mort Corp 12/24/96 1,000,000.00 1,000,000.00 994,600.00 6.000 5.918 6.000 12/24/98 722 2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,987,729.30 3,000,000.00 2,973,570.00 5.000 5.235 5.308 02/25/98 420 2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,000,000.00 1,000,000.00 997,290.00 6.210 6.125 6.210 02/24/99 812 2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,996,314.07 2,000,000.00 2,011,876.00 6.850 6.817 6.912 OS/26/00 1,241 2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 1,001,890.00 6.870 6.776 6.870 06/01/01 1,612 2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,021,190.00 7.070 6.973 7.070 06/25/01 1,636 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 21,501,694.18 22,986,013.69 22,966,896.00 23,000,000.00 6.305 6.392 1,049 LOCAL AGENCY INVESTMENT FUNDS 982 Laif City 16,951,550.60 16,9S1,S50.60 16,951,550.60 5.574 5.498 5.574 1 2206 LAIF-Redevelopment Agency 10,557,585.02 10,557,585.02 10,557,585.02 5.574 5.498 5.574 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 23,060,261.14 27,509,135.62 27,509,135.62 27,509,135.62 5.498 5.574 1 O1/27/1997 CITY OF HUNTINGTON BEACH PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY DECEMBER 31, 1996 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 1,000,000.00 989,700.00 5.020 5.117 5.188 03/13/97 71 AVERAGES 981,035.56 MEDIUM TERM NOTES 2748 AT&T 02/22/96 2,000,100.08 2,000,000.00 2,000,580.00 5.350 5.340 5.414 08/12/97 223 27SO AT&T 02/26/96 999,798.21 1,000,000.00 992,990.00 5.410 5.427 5.503 01/30/98 394 2763 FORD MOTOR CORP. OS/07/96 1,014,575.00 1,000,000.00 1,019,990.00 8.000 6.329 6.417 12/01/97 334 2773 General Electric 12/24/96 1,021,900.10 1,000,000.00 1,021,790.00 8.000 5.711 5.790 01/15/98 379 2745 Gen Mtr Accept Corp O1/10/96 1,999,507.59 2,000,000.00 1,999,980.00 5.000 5.352 5.427 01/27/97 26 2756 US LIFE CORP OS/07/96 1,004,195.20 1,000,000.00 1,008,390.00 6.750 6.310 6.398 01/15/98 379 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 7,282,442.36 8,040,076.18 8,043,720.00 8,000,000.00 5.647 5.725 249 ---------------------------------------------------------------------------—------------------------ TOTAL INVESTMENTS and AVG. $ 69,689,082.72 69,714,648.57 62,589,745.24 69,809,135.62 5.755% 5.83596 385 O1/27/1997 CITY OF HUNTINGTON BEACH PM - 4 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY DECEMBER 1, 1996 - DECEMBER 31, 1996 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 97-039 Sanwa Bank - Los Angeles 5.000 12/02/1996 2,700,000.00 97-040 Sanwa Bank - Los Angeles 5.125 12/02/1996 5,000,000.00 12/03/1996 5,000,000.00 97-041 Sanwa Bank - Los Angeles 4.938 12/02/1996 6,000,000.00 12/04/1996 6,000,000.00 97-042 Sanwa Bank - Los Angeles 4.938 12/04/1996 6,000,000.00 12/OS/1996 6,000,000.00 97-043 Sanwa Bank - Los Angeles 5.000 12/OS/1996 6,200,000.00 12/06/1996 6,200,000.00 97-044 Sanwa Bank - Los Angeles 5.000 12/06/1996 5,200,000.00 12/09/1996 5,200,000.00 97-045 Sanwa Bank - Los Angeles 4.813 12/09/1996 4,100,000.00 12/10/1996 4,100,000.00 97-046 Sanwa Bank - Los Angeles 5.000 12/10/1996 4,800,000.00 12/11/1996 4,800,000.00 97-047 Sanwa Bank - Los Angeles 5.000 12/11/1996 5,000,000.00 12/12/1996 5,000,000.00 97-048 Sanwa Bank - Los Angeles 5.000 12/12/1996 9,000,000.00 12/13/1996 9,000,000.00 97-049 Sanwa Bank - Los Angeles 5.000 12/13/1996 9,500,000.00 12/16/1996 9,SOO,000.00 97-OSO Sanwa Bank - Los Angeles 5.063 12/16/1996 10,000,000.00 12/17/1996 10,000,000.00 97-051 Sanwa Bank - Los Angeles 5.000 12/17/1996 5,000,000.00 12/18/1996 5,000,000.00 97-052 Sanwa Bank - Los Angeles 5.125 12/18/1996 4,000,000.00 12/19/1996 4,000,000.00 97-053 Sanwa Bank - Los Angeles 4.875 12/19/1996 10,000,000.00 12/20/1996 10,000,000.00 97-054 Sanwa Bank - Los Angeles 5.000 12/20/1996 5,000,000.00 12/23/1996 5,000,000.00 97-055 Sanwa Bank - Los Angeles 5.000 12/23/1996 5,100,000.00 12/24/1996 5,100,000.00 97-056 Sanwa Bank - Los Angeles 5.000 12/24/1996 1,800,000.00 12/26/1996 1,800,000.00 97-057 Sanwa Bank - Los Angeles 5.000 12/26/1996 2,000,000.00 12/27/1996 2,000,000.00 97-058 Sanwa Bank - Los Angeles 5.000 12/27/1996 3,500,000.00 12/30/1996 3,SOO,000.00 97-059 Sanwa Bank - Los Angeles 4.938 12/30/1996 3,200,000.00 12/31/1996 3,200,000.00 97-060 Sanwa Bank - Los Angeles 5.250 12/31/1996 4,300,000.00 SUBTOTALS and ENDING BALANCE 114,700,000.00 113,100,000.00 4,300,000.00 O1/27/1997 CITY OF HUNTINGTON BEACH PM - 5 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY DECEMBER 1, 1996 - DECEMBER 31, 1996 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- BANKERS ACCEPTANCES 2767 BANK OF TOKYO 5.540 12/20/1996 - 973,685.00 2778 FUJI BANK 5.460 12/20/1996 974,065.00 SUBTOTALS and ENDING BALANCE 974,065.00 973,685.00 1,948,252.50 COMMERCIAL PAPER - DISCOUNT 2777 WALT DISNEY CO 5.230 12/24/1996 974,140.56 2776 General Electric 5.320 12/24/1996 980,493.33 SUBTOTALS and ENDING BALANCE 1,954,633.89 0.00 3,924,569.17 FEDERAL AGENCY ISSUES - COUPON 2774 Federal Home Loan Mort Corp 6.000 12/24/1996 1,000,000.00 2775 Federal Home Loan Mort Corp 6.000 12/24/1996 1,000,000.00 SUBTOTALS and ENDING BALANCE 2,000,000.00 0.00 22,986,013.69 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 982 Laif City 5.574 234,472.84 2206 LAIF-Redevelopment Agency 5.574 10,062,696.46 2,000,000.00 2703 Orange County Invest Pool -77% 0.001 2703-A Orange County Invest Pool -23% 0.001 SUBTOTALS and ENDING BALANCE 10,297,170.30 2,000,000.00 27,509,135.62 TREASURY SECURITIES - DISCOUNT 981,035.56 MEDIUM TERM NOTES 2773 General Electric 8.000 12/24/1996 1,022,310.00 8,040,076.18 ------------------------------------------------------------------------ TOTALS 130,948,179.19 116,073,685.00 69,689,082.72 ------------------------------------------------------------------------ ------------------------------------------------------------------------ O1/06/1997 CITY OF HUNTINGTON BEACH PM - 1 PORTFOLIO MASTER SUMMARY CITY NOVEMBER 30, 1996 ACCRUAL AVERAGE ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT ------------------------------------------------------------------------------------------------------------------------------------ Repurchase Agreements........................$ 2,700,000.00 4.93 5 1 5.000 5.069 Bankers Acceptances..........................$ 1,947,872.50 3.55 173 80 5.570 5.648 Commercial Paper - Discount..................$ 1,969,935.28 3.59 102 68 5.386 5.461 Federal Agency Issues - Coupon...............$ 20,985,086.70 38.28 1,462 1,112 6.342 6.430 Local Agency Investment Funds................$ 19,211,965.32 35.05 1 1 5.522 5.599 Treasury Securities - Discount...............$ 981,035.56 1.79 136 102 5.117 5.188 Medium Term Notes............................$ 7,019,267.44 12.81 534 261 5.638 5.716 ------------------------------------------------------------------------------ TOTAL INVESTMENTS and AVERAGES.............$ 54,815,162.80 100.00% 641 466 5.815% 5.895% ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ CASH Passbook/Checking Accounts........... ........$ 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase.................$ 42,000.00 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST.............$ 42,000.00 TOTAL CASH and INVESTMENTS.................$ 54,857,162.80 MONTH ENDING FISCAL FISCAL TOTAL EARNINGS NOVEMBER 30 YEAR TO DATE YEAR ENDING Current Year $ 266,651.46 $ 558,671.73 AVERAGE DAILY BALANCE $ 55,041,921.91 $ 56,792,817.09 EFFECTIVE RATE OF RETURN 5.89% 5.89% Current Budget $ 275,000.00 $ 550,000.00 $ 3,300,000.00 I certify that this report accurately reflects all City and Redevelopment Agency L. FVER I H pooled investments and is in conformity with all State laws and the investment CITY TREAS policy statement filed with the City Council on Oct. 16,1995. A copy of this policy is available at the office of the City Clerk. The investment program 11-7 herein shown provides sufficient cash flow liquidity to meet next month's DATE estimated expenditures. O1/06/1997 CITY OF HUNTINGTON BEACH PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY NOVEMBER 30, 1996 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 97-039 Sanwa Bank - Los Angeles 11/27/96 2,700,000.00 2,700,000.00 2,700,000.00 5.000 5.000 5.069 12/02/96 1 AVERAGES 2,376,666.67 BANKERS ACCEPTANCES 2767 BANK OF TOKYO 07/02/96 973,685.00 1,000,000.00 996,832.50 5.540 5.690 5.769 12/20/96 19 2770 UNION BANK OF CALIFORNIA 10/28/96 974,187.50 1,000,000.00 978,947.22 5.310 5.451 5.526 04/21/97 141 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 1,947,872.50 1,947,872.50 1,975,779.72 2,000,000.00 5.570 5.648 80 COMMERCIAL PAPER - DISCOUNT 2769 MITSUBISHI CREDIT AMER 10/28/96 983,332.50 1,000,000.00 988,120.00 5.310 5.400 5.475 02/18/97 79 2771 MITSUBISHI CREDIT AMER 10/28/96 986,602.78 1,000,000.00 991,248.33 5.300 5.372 5.447 01/27/97 57 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 1,969,935.28 1,969,935.28 1,979,368.33 2,000,000.00 5.386 5.461 68 FEDERAL AGENCY ISSUES - COUPON 2759 FEDERAL FARM CREDIT BANK O5/14/96 2,000,000.00 2,000,000.00 2,016,180.00 6.750 6.658 6.750 05/14/99 894 2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 2,000,000.00 5.180 5.109 5.180 08/26/98 633 2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 999,375.00 5.300 5.227 5.300 11/18/98 717 2754 Federal Home Loan Bank 04/23/96 3,000,000.00 3,000,000.00 3,007,500.00 7.000 6.904 7.000 04/23/01 1,604 2757 Federal Home Loan Mort Corp 05/14/96 2,002,041.10 2,000,000.00 2,013,750.00 6.800 6.661 6.753 05/14/99 894 2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,000,000.00 6.990 6.894 6.990 05/17/01 1,628 2764 Federal Home Loan Mort Corp 06/18/96 1,000,000.00 1,000,000.00 1,003,125.00 7.470 7.368 7.470 06/18/01 1,660 2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,986,823.60 3,000,000.00 2,976,870.00 5.000 5.235 5.308 02/25/98 451 2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,000,000.00 1,000,000.00 1,000,590.00 6.210 6.125 6.210 03/24/99 843 2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,996,222.00 2,000,000.00 2,022,500.00 6.850 6.817 6.912 05/26/00 1,272 2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 1,009,290.00 6.870 6.776 6.870 06/01/01 1,643 2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,028,990.00 7.070 6.973 7.070 06/25/01 1,667 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 20,984,653.12 20,985,086.70 21,078,170.00 21,000,000.00 6.342 6.430 1,112 LOCAL AGENCY INVESTMENT FUNDS 982 Laif City 16,717,076.76 16,717,076.76 16,717,076.76 5.599 5.522 5.599 1 2206 LAIF-Redevelopment Agency 2,494,888.56 2,494,888.56 2,494,888.56 5.599 5.522 5.599 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 19,761,965.32 19,211,965.32 19,211,965.32 19,211,965.32 5.522 5.599 1 O1/06/1997 CITY OF HUNTINGTON BEACH PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY NOVEMBER 30, 1996 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 1,000,000.00 985,200.00 5.020 5.117 5.188 03/13/97 102 AVERAGES 981,035.56 MEDIUM TERM NOTES 2748 AT&T 02/22/96 2,000,113.66 2,000,000.00 2,000,580.00 5.350 5.340 5.414 08/12/97 254 2750 AT&T 02/26/96 999,782.65 1,000,000.00 993,990.00 5.410 5.427 5.503 01/30/98 425 2763 FORD MOTOR CORP. 05/07/96 1,015,900.00 1,000,000.00 1,021,190.00 8.000 6.329 6.417 12/01/97 365 2745 Gen Mtr Accept Corp 01/10/96 1,998,939.42 2,000,000.00 1,999,180.00 5.000 5.352 5.427 01/27/97 57 2756 US LIFE CORP 05/07/96 1,004,531.71 1,000,000.00 1,010,590.00 6.750 6.310 6.398 01/15/98 410 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 7,019,793.46 7,019,267.44 7,025,530.00 7,000,000.00 5.638 5.716 261 ----------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. $ 54,815,162.80 54,956,013.37 55,041,921.91 54,911,965.32 5.815% 5.895t 466 O1/06/1997 CITY OF HUNTINGTON BEACH PM - 4 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY NOVEMBER 1, 1996 - NOVEMBER 30, 1996 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 97-021 Sanwa Bank - Los Angeles 5.250 11/01/1996 2,300,000.00 97-022 Sanwa Bank - Los Angeles 5.125 11/01/1996 2,400,000.00 11/04/1996 2,400,000.00 97-023 Sanwa Bank - Los Angeles 5.063 11/04/1996 3,000,000.00 11/05/1996 3,000,000.00 97-024 Sanwa Bank - Los Angeles 5.000 11/05/1996 2,200,000.00 11/06/1996 2,200,000.00 97-025 Sanwa Bank - Los Angeles 5.000 11/06/1996 2,500,000.00 11/07/1996 2,500,000.00 97-026 Sanwa Bank - Los Angeles 5.063 11/07/1996 2,500,000.00 11/08/1996 2,500,000.00 97-027 Sanwa Bank - Los Angeles 5.000 11/08/1996 1,000,000.00 11/12/1996 1,000,000.00 97-028 Sanwa Bank - Los Angeles 5.000 11/12/1996 2,300,000.00 11/13/1996 2,300,000.00 97-029 Sanwa Bank - Los Angeles 4.875 11/13/1996 2,500,000.00 11/14/1996 2,500,000.00 97-030 Sanwa Bank - Los Angeles 5.000 11/14/1996 2,700,000.00 11/15/1996 2,700,000.00 97-031 Sanwa Bank - Los Angeles 5.125 11/15/1996 2,800,000.00 ll/18/1996 2,800,000.00 97-032 Sanwa Bank - Los Angeles 5.031 11/18/1996 2,900,000.00 11/19/1996 2,900,000.00 97-033 Sanwa Bank - Los Angeles 4.813 11/19/1996 2,000,000.00 11/20/1996 2,000,000.00 97-034 Sanwa Bank - Los Angeles 5.000 11/20/1996 -3,500,000.00 11/21/1996 3,500,000.00 97-035 Sanwa Bank - Los Angeles 4.875 11/21/1996 3,700,000.00 11/22/1996 3,700,000.00 97-036 Sanwa Bank - Los Angeles 5.000 11/22/1996 2,200,000.00 11/25/1996 2,200,000.00 97-037 Sanwa Bank - Los Angeles 5.000 11/25/1996 2,000,000.00 11/26/1996 2,000,000.00 97-038 Sanwa Bank - Los Angeles 4.875 11/26/1996 2,500,000.00 11/27/1996 2,500,000.00 97-039 Sanwa Bank - Los Angeles 5.000 11/27/1996 2,700,000.00 SUBTOTALS and ENDING BALANCE 45,400,000.00 45,000,000.00 2,700,000.00 r O1/06/1997 CITY OF HUNTINGTON BEACH PM - 5 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY NOVEMBER 1, 1996 - NOVEMBER 30, 1996 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- BANKERS ACCEPTANCES 1,947,872.50 COMMERCIAL PAPER - DISCOUNT 1,969,935.28 FEDERAL AGENCY ISSUES - COUPON 20,985,086.70 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 982 Laif City 5.599 2206 LAIF-Redevelopment Agency 5.599 1,500,000.00 2703 Orange County Invest Pool -77% 0.001 2703-A Orange County Invest Pool -23t 0.001 SUBTOTALS and ENDING BALANCE 0.00 1,500,000.00 19,211,965.32 TREASURY SECURITIES - DISCOUNT 981,035.56 MEDIUM TERM NOTES 7,019,267.44 ------------------------------------------------------------------------ TOTALS 45,400,000.00 46,500,000.00 54,815,162.80 01/06/1997 PM - 6 CITY OF HUNTINGTON BEACH CITY INVESTMENT ACTIVITY SUMMARY OCTOBER 1996 through NOVEMBER 1996 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 5.821 5.903 5.601 25 24 628 475 November 96 27 54,815,162.80 5.814 5.895 5.599 18 18 641 466 --------------------------------------------------------------------------------------------------- AVERAGES 27 $ 55,365,259.94 5.817% 5.899% 5.600% 22 21 635 471 O1/06/1997 PM _ 7 CITY OF HUNTINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE OCTOBER 1996 through NOVEMBER 1996 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 ---------------------------------------------------------------------------------------------------------------------- AVERAGES 4.5% 3.5% 3.6% 37.9% 36.0% 1.8% 12.7% 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 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 GNI - Mortgage Backed Securities r State of California Pooled Money Investment Account Market Valuation 11/30/96 Description Carrying Cost Plus 'Estimated Accrued Interest:Purch.:; Market-Value. ' Accrued.interest . United States Treasury: Bills $ 2,044,382,442.34 $ 2,118,832,000.00 NA Strips $ 265,357,780.00 $ 313,381,800.00 NA Notes $ 5,063,732,201.79 $ 5,041,685,360.00 $ 65,775,774.86 Federal Agency: Bonds $ 841,854,710.56 $ 840,220,107.90 $ 12,653,236.25 Floaters $ 419,954,031.02 $ 420,314,650.00. $ 3,094,907.90 MBS $ 161,481,762.84 $ 160,364,644.07 $ 953,799.40 TVA $ 12,159,860.60 $ 12,180,722.25 $ 275,966.71 GNMA 1 3,757,629.76 $ 4,243,533.12 $ 35,967.01 SBA $ 156,640,699.12 $ 158,249,821.22 $ 1,575,572.01 FHLMC PC $ 32,357,016.68 $ 34,868,319.45 $ 519,679.94 Discount Notes $ 497,127,631.96 $ 503,603,450.00 NA Bankers Acce tances $ 293,007,075.84 $ 293,040,764.90 NA Corporate: Bonds $ 1,460,701,546.11 $ 1,463,532,152.30 $ 24,744,346.62 Floaters $ 504,490,229.77 $ 504,861,655.00 $ 5,397,953.70 CDs $ 5,944,071,641.29 $ 5,984,187,439.57 $ 13,792,530.56 Bank Notes $ 535,000,000.00 $ 542,617,989.28 $ 4,733,750.00 Repurchase Agreements $ 90,000,000.00 $ 90,000,000.00 NA Time Deposits $ 350,795,000.00 $ 350,795,000.00 NA AB 55& GF Loans $ 2,029,977,644.00 $ 2,029,977,644.00 NA Commercial Paper $ 6,810,154,202.46 $ 6,812,476,631.65 NA Reverse Repurchase $ 245,500,000.00 $ 245,500,000.00 $ 966,656.25 TOTAL $ 27,271,503,106.14 $ 27,433,933,684.69 $ 132,586,828.70 Estimated Market Value Including Accrued Interest $ 27,566,520,513.39 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. RECEIVED FROM AND MADE A PART OF TAE EC RD AT THE COUNCIL MEETING OF OFFICE OF THE CITY CLERK CONNIE BROCKWAY,CITY CLERK O �r� -i -:E �� r , � r � � r� 1J Jr_ I jariwrry 2-i,, . �rl Sri '� rr, 'irl tiJirJt t�J� t7pAi - Treasurer's Report Shari L Freidenrich,CPA EInvestment Balances Trends Portfolio.Balances by Type in Millions 70 65 i 60 60 55 57 55 so 1 40 ' 30 20 10 0 - - Slide 2 Dec. Mar. June Sept Noverrdxr �J I it. Treas_urees Report-Shari L Freidenrich,CPA nvestment Yields Trends LAIF/T-Bill Ave. E Actual — LAW P 6.25 _ e 6.00 5.85 5.82 5.89 5.66 5.73 r 5.75 5.53 40 c 5.50 - e 5.25 n 5.00 t 4.75 a 4.50 9 4.25 e 4.00 - Dec. Mar. June Sept. Nov. Slide 3 Month Treas_urees Report-Shari L Freidenrich,CPA Summary - Investment Portfolio Financial Information: November 1996 OctoberDescription Balance $55,915,357 $54,815,163 $(1,100,194) Interest /Month $29ZO20 $266,651 $(25,369) Interest Yield 5.89% 5.69% 0.00% Avg Maturity/Days 475 466 (9) End of Month -Cash Balance $1,65%199 $Z063 250 $407,051 Slide 4 Treasurer's Report-Shari L.Freldenrich,CPA Summary - Investment Portfolio Individual Investments: November 1996 Investment Amount Portfolio Policy Days Int. Type November Percent Limit Mat. Rate ( Repurch.Agree $$700,000 5% None 1 5.07 Banker Acceptances $1,947,873 3% 25% 80 5.65 Federal Agcy.Issues $20,985,087 38% None 1112 6.43 LAIF $19,211,965 35% $40 Mil 1 5.60 Mad Term Notes $7,019,267 13% 20% 261 5.72 Commercial Paper $1,969,935 4% 15% 68 5.46 US Treasuries $981,036 2% None 102 5.19 Slide 5 Treasurer-s Report-Shari L.Freidenrich,CPA Investment Type Percentage of Total IrFed - i Agencylssues Agnr Notes 5% u :, - Slide 6 w • Y Treasurer's Report-Shari L Freldenrich,CPA Investment Maturities by Days Ending November 30, 1996 40% 40% ■1 Day ❑2-180 Days 30% ■.5-1 Yr.. 20% 13% 9% o ° ED 1 -1.5 Yr. so 10% ■2-3Yr. a _ m3-4Yr. 0% ❑4-5Yr. Slide.7 Trees Report-Shari L Freidenrich,CPA Summary c Recommendation to City Council Slide 8 Councill.Agency Meeting Held: Deferred/Continued to: r WAppro?d ❑ Conditionally Approved ❑ Denied City Clerk's Sign re Council Meeting Date: 12/16/96 Department ID Number: CT 96-008 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS t 5, b SUBMITTE BY: SHARI L. FREI DEN RICH;City TreasurektF PREPARED BY: SHARI L. FREIDENRICH, City Treasurer SUBJECT: OCTOBER INVESTMENT SUMMARY REVIEW Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status, Attachment(s) Statement of Issue: Review grid accept the monthfy.'.investment report for October, 1996 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 October, 1996, 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: 12/16/96 DEPARTMENT ID NUMBER: CT 96-008 Analysis: Not applicable. Environmental Status: Not applicable. AttachmentU: City Clerk's Page Number _. ........ .. Monthly Investment Report and Summary of Investments for October, 1996 0019719.01 -2- 11/20/96 3:08 PM City of Huntington Beach Summary of Investment Portfolio Activity for October 1996 Financial Information: Increase September October (Decrease) End of month City Portfolio Balance $57,269,671 $55,915,357 ($1,354,314) Accrued Interest at Purchase $42,000 $42,000 $0 Interest Earned for Month $276,713 $292,020 $15,307 Earned Interest Yield Average 5.92% 5.89% -0.03% Average Maturity ( in days) 533 475 -58 End of Month Market Value $57,213,781 $55,999,346 ($1,214,435) End of month bank cash balance $1,196,359 $1,656,199 $459,840 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $292,020 $17,020 Interest Earned Year to Date $275,000 $292,020 $17,020 Earned Interest Yield Year to Date 5.25% 5.89% 0.64% Transaction Summary: Increase September October (Decrease) Number of Securities Purchased 20 25 5 Number of Securities Matured/Sold 21 24 3 Summary by Individual Investment: Days Int. October % of Total Policy Limit to Mat. Rate Repurchase Agreements $2,300,000 4% None 1 5.32% Bankers Acceptances $1,947,873 3% 25% 110 5.65% Federal Agency Issues $20,984,190 38% None 1142 6.43% Local Agency Inv. Fund (LAIF) $20,711,965 37% .$40 Million 1 5.60% Medium Term Notes $7,020,359 13% 20% 291 5.72% Commercial Paper $1,969,935 3% 15% 98 5.46% Treasury Securities $981,035. 2% None 132 5.08% Total $55,915,357 100% 12/12/1996 CITY OF HUNTINGTON BEACH PM - 1 PORTFOLIO MASTER SUMMARY CITY OCTOBER 31, 1996 ACCRUAL AVERAGE ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK VALUE, PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT ----------------------------------------------------------------------------------------------------------------------------=------- Repurchase Agreements.........................$ 2,300,000.00 4.11 1 0 5.250 5.323 Bankers Acceptances..........................$ 1,947,872.50 3.48 173 110- 5.570 5.648 Commercial Paper - Discount..................$ 1,969,935.28 3.52 102 98 5.386 5.461 Federal Agency Issues - Coupon...............$ 20,984,189.61 37.53 1,462 1,142 6.342 6.430 Local Agency Investment Funds................$ 20,711,965.32 37.04 1 1 5.524 5.601 Treasury Securities - Discount...............$ 981,035.56 1.75 139, 132 5.007 5.076 Medium Term Notes............................$ 7,020,358.81 12.56 534 291 5.638 5.716 ------------------------------------------------------------------------------ TOTAL INVESTMENTS and AVERAGES.............$ 55,915,357.08 100.00% 628 475 5.822% 5.903% CASH Passbook/Checking Accounts...................$ 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase.................$ 42,000.00 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST.............$ 42,000.00 TOTAL CASH and INVESTMENTS.................$ 55,957,357.08 MONTH ENDING FISCAL FISCAL TOTAL EARNINGS OCTOBER 31 YEAR TO DATE YEAR ENDING Current Year $ 292,417.53 $ 292,417.53 AVERAGE DAILY BALANCE $ 58,487,231.77 $ 58,487,231.77 EFFECTIVE RATE OF RETURN 5.89% 5.89% Current Budget $ 275,000.00 $ 275,000.00 $ 3,300,000.00 83 I certify that this report accurately reflects all City and Redevelopment Agency S I L FRE ICH pooled investments and is in conformity with all State laws and the investment CITY TR ER policy statement filed with the City Council on Oct. 16,1995. 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 next month's DATE estimated expenditures. 12/12/1996 CITY OF HUNTINGTON BEACH PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1996 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 97-021 Sanwa Bank - Los Angeles 10/31/96 2,300,000.00 2,300,000.00 2,300,000.00 5.250 5.250 5.323 11/01/96 0 AVERAGES 5,348,387.10 BANKERS ACCEPTANCES 2767 BANK OF TOKYO 07/02/96 973,685.00 1,000,000.00 992,652.78 5.540 5.690 5.769 12/20/96 49 2770 UNION BANK OF CALIFORNIA 10/28/96 974,187.50 1,000,000.00 974,677.78 5.310 5.451 5.526 04/21/97 171 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 1,954,624.19 1,947,872.50 1,967,330.56 2,000,000.00 5.570 5.648 110 COMMERCIAL PAPER - DISCOUNT 2769 MITSUBISHI CREDIT AMER 10/28/96 983,332.50 1,000,000.00 983,805.56 5.310 5.400 5.475 02/18/97 109 2771 MITSUBISHI CREDIT AMER 10/28/96 986,602.78 1,000,000.00 987,044.44 5.300 5.372 5.447 01/27/97 87 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 254,185.20 1,969,935.28 1,970,850.00 2,000,000.00 5.386 5.461 98 FEDERAL AGENCY ISSUES - COUPON 2759 FEDERAL FARM CREDIT BANK O5/14/96 2,000,000.00 2,000,000.00 2,016,000.00 6.750 6.658 6.750 05/14/99 924 2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 2,000,000.00 5.180 5.109 5.180 08/26/98 663 2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 988,100.00 5.300 5.227 5.300 11/18/98 747 2754 Federal Home Loan Bank 04/23/96 3,000,000.00 3,000,000.00 3,015,900.00 7.000 6.904 7.000 04/23/01 1,634 2757 Federal Home Loan Mort Corp 05/14/96 2,002,109.59 2,000,000.00 2,012,400.00 6.800 6.661 6.753 05/14/99 924 2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,000,000.00 6.990 6.894 6.990 05/17/01 1,658 2764 Federal Home Loan Mort Corp 06/18/96 1,000,000.00 1,000,000.00 1,002,800.00 7.470 7.368 7.470 06/18/01 1,690 2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,985,947.13 3,000,000.00 2,971,200.00 5.000 5.235 5.308 02/25/98 481 2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,000,000.00 1,000,000.00 999,000.00 6.210 6.125 6.210 03/24/99 873 2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,996,132.89 2,000,000.00 2,015,000.00 6.850 6.817 6.912 05/26/00 11302 2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 1,008,500.00 6.870 6.776 6.870 06/01/01 1,673 2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,020,400.00 7.070 6.973 7.070 06/25/01 1,697 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 22,975,676.54 20,984,189.61 21,049,300.00 21,000,000.00 6.342 6.430 1,142 LOCAL AGENCY INVESTMENT FUNDS 982 Laif City 16,717,076.76 16,717,076.76 16,717,076.76 5.601 5.524 5.601 1 2206 LAIF-Redevelopment Agency 3,994,888.56 3,994,888.56 3,994,888.56 5.601 5.524 5.601 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 20,711,965.32 20,711,965.32 20,711,965.32 20,711,965.32 5.524 5.601 1 12/12/1996 CITY OF HUNTINGTON BEACH PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1996 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 10/25/96 981,035.56 1,000,000.00 981,990.60 4.912 5.007 5.076 03/13/97 132 AVERAGES 221,524.16 MEDIUM TERM NOTES 2748 AT&T 02/22/96 2,000,127.25 2,000,000.00 1,996,800.00 5.350 5.340 5.414 08/12/97 284 2750 AT&T 02/26/96 999,767.09 1,000,000.00 992,200.00 5.410 5.427 5.503 01/30/98 455 2763 FORD MOTOR CORP. 05/07/96 1,017,225.00 1,000,000.00 1,021,800.00 8.000 6.329 6.417 12/01/97 395 2745 Gen Mtr Accept Corp 01/10/96 1,998,371.25 2,000,000.00 1,998,000.00 5.000 5.352 5.427 01/27/97 87 2756 US LIFE CORP 05/07/96 1,004,868.22 1,000,000.00 1,009,900.00 6.750 6.310 6.398 01/15/98 440 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 7,020,869.27 7,020,358.81 7,018,700.00 7,000,000.00 5.638 5.716 291 ----------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. $ 55,915,357.08 56,000,136.48 58,487,231.77 56,011,965.32 5.822% 5.903% 475 12/12/1996 CITY OF HUNTINGTON BEACH PM - 4 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY OCTOBER 1, 1996 - OCTOBER 31, 1996 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 96-250 Sanwa Bank - Los Angeles 5.500 10/01/1996 4,400,000.00 97-001 Sanwa Bank - Los Angeles 4.813 10/01/1996 4,300,000.00 10/02/1996 4,300,000.00 97-002 Sanwa Bank - Los Angeles 5.125 10/02/1996 24,000,000.00 10/03/1996 24,000,000.00 97-003 Sanwa Bank - Los Angeles 5.125 10/03/1996 24,400,000.00 10/04/1996 24,400,000.00 97-004 Sanwa Bank - Los Angeles 5.000 10/04/1996 4,300,000.00 10/07/1996 4,300,000.00 97-005 Sanwa Bank - Los Angeles 5.000 10/07/1996 4,500,000.00 10/08/1996 4,500,000.00 97-006 Sanwa Bank - Los Angeles 4.813 10/08/1996 4,500,000.00 10/09/1996 4,500,000.00 97-007 Sanwa Bank - Los Angeles 5.000 10/09/1996 4,600,000.00 10/10/1996 4,600,000.00 97-008 Sanwa Bank - Los Angeles 4.938 10/10/1996 5,500,000.00 10/11/1996 5,500,000.00 97-009 Sanwa Bank - Los Angeles 4.875 10/11/1996 5,300,000.00 10/15/1996 5,300,000.00 97-010 Sanwa Bank - Los Angeles 5.000 10/15/1996 4,700,000.00 10/16/1996 4,700,000.00 97-011 Sanwa Bank - Los Angeles 5.000 10/16/1996 4,000,000.00 10/17/1996 4,000,000.00 97-012 Sanwa Bank - Los Angeles 5.000 10/17/1996 3,900,000.00 10/18/1996 3,900,000.00 97-013 Sanwa Bank - Los Angeles 4.875 10/18/1996 3,400,000.00 10/21/1996 3,400,000.00 97-014 Sanwa Bank - Los Angeles 4.875 10/21/1996 5,000,000.00 10/22/1996 5,000,000.00 97-015 Sanwa Bank - Los Angeles 5.000 10/22/1996 5,100,000.00 10/23/1996 5,100,000.00 97-016 Sanwa Bank - Los Angeles 5.000 10/23/1996 4,500,000.00 10/24/1996 4,500,000.00 97-017 Sanwa Bank - Los Angeles 5.000 10/24/1996 5,000,000.00 10/25/1996 5,000,000.00 97-018 Sanwa Bank - Los Angeles 5.000 10/25/1996 3,700,000.00 10/28/1996 3,700,000.00 97-019 Sanwa Bank - Los Angeles 5.000 10/28/1996 2,000,000.00 10/29/1996 2,000,000.00 97-020 Sanwa Bank - Los Angeles 4.938 10/30/1996 2,100,000.00 10/31/1996 2,100,000.00 97-021 Sanwa Bank - Los Angeles 5.250 10/31/1996 2,300,000.00 SUBTOTALS and ENDING BALANCE 127,100,000.00 129,200,000.00 2,300,000.00 12/12/1996 CITY OF HUNTINGTON BEACH PM - 5 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY OCTOBER 1, 1996 - OCTOBER 31, 1996 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- BANKERS ACCEPTANCES 2766 DAIICHI KANGYO LA 5.510 10/28/1996 981,939.44 ••*• 2770 UNION BANK OF CALIFORNIA 5.310 10/28/1996 974,187.50 SUBTOTALS and ENDING BALANCE 974,187.50 981,939.44 1,947,872.50 COMMERCIAL PAPER - DISCOUNT 2769 MITSUBISHI CREDIT AMER 5.310 10/28/1996 983,332.50 2771 MITSUBISHI CREDIT AMER 5.300 10/28/1996 986,602.78 SUBTOTALS and ENDING BALANCE 1,969,935.28 0.00 1,969,935.28 FEDERAL AGENCY ISSUES - COUPON 2736A Federal Home Loan Bank 6.835 10/20/1996 197,368.42 2755 Federal Home Loan Bank 7.200 10/30/1996 2,000,000.00 SUBTOTALS and ENDING BALANCE 0.00 2,197,368.42 20,984,189.61 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 982 Laif City 5.601 2206 LAIF-Redevelopment Agency 5.601 2703 Orange County Invest Pool -77% 0.001 2703-A Orange County Invest Pool -23% 0.001 SUBTOTALS and ENDING BALANCE 0.00 0.00 20,711,965.32 TREASURY SECURITIES - DISCOUNT 2772 UNITED STATES TREASURY 4.912 10/25/1996 981,035.56 981,035.56 MEDIUM TERM NOTES 7,020,358.81 ------------------------------------------------------------------------ TOTALS 131,025,158.34 132,379,307.86 55,915,357.08 «««« _ Indicates incomplete recording of maturity redemption. 12/12/1996 PM - 6 CITY OF HUNTINGTON BEACH CITY INVESTMENT ACTIVITY SUMMARY OCTOBER 1996 YIELD TO MATURITY MANAGED NUMBER OF NUMBER OF AVERAGE MONTH NUMBER OF TOTAL 360 36.5 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 5.821 5.903 5.601 25 24 628 475 --------------------------------------------------------------------------------------------------- AVERAGES 27 $ 55,915,357.08 5.821% 5.903% 5.601% 25 24 628 475 12/12/1996 PM - 7 CITY OF HUNTINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE OCTOBER 1996 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 ---------------------------------------------------------------------------------------------------------------------- AVERAGES 4.1% 3.5% 3.5% 37.5% 37.0% 1.8% 12.6% 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 10/31/96 Description Carrying Cost Plus Estimated Accrued Interest Purch. Market Value Accrued Interest United States Treasury: Bills $ 2,186,867,442.34 $ 2,258,245,700.00 NA Strips $ 309,526,280.00 $ 361,177,460.00 NA Notes $ 5,194,018,213.75 $ 5,168,738,680.00 $ 61,690,713.00 Federal Agency: Bonds $ 812,991,406.19 $ 810,313,919.60 $ 11,050,774.64 Floaters $ 419,954,031.02 $ 420,377,800.00 $ 2,652,246.90 MBS $ 161,857,396.74 $ 162,553,576.66 $ . 956,038.85 TVA $ 12,159,860.60 $ 12,178,774.25 $ 215,095.73 GNMA $ 3,812,219.48 $ 4,295,832.36 $ 36,498.89 SBA $ 153,443,992.37 $ 154,861,323.49 $ 1,545,622.29 FHLMC PC $ 32,856,992.11 $ 35,290,371.66 $ 527,729.49 Discount Notes $ 374,004,701.39 $ 379,319,650.00 NA Bankers Acceptances $ 380,356,674.81 $ 380,356,674.81 NA Corporate: Bonds $ 1,427,081,086.52 $ 1,428,045,192.04 $ 19,598,736.24 Floaters $ 554,490,229.77 $ 554,880,005.00 $ 6,186,774.12 CDs $ 4,950,683,969.17 $ 4,995,100,408.45 $ 16,205,107.78 Bank Notes $ 770,006,828.55 $ 781,903,352.11 $ 5,876,236.11 Re urchase Agreements $ 589,664,000.00 $ 589,664,000.00 NA Time Deposits $ 337,295,000.00 $ 337,295,000.00 NA AB 55& GF Loans $ 2,217,022,170.00 $ 2,217,022,170.00 NA Commercial Paper $ 5,965,014,205.38 $ 5,972,637,870.62 NA Reverse Repurchase $ 404,875,000.00 $ 404,875,000.00 $ 3,914,567.71 TOTAL $ 26,448,231,700.19 $ 26,619,382,761.04 $ 122,627,006.32 Estimated Market Value Including Accrued Interest $ 26,742,009,767.36 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. RECEIVED FROM AND MADE APART O HEAECpf1D,1TTHE COUNCIL MEETING OF t OFFICE OF THE CITY CLERK CONNIE BROCKWAY,CITY CLERK V =37 m c/) r � C 3 m C a. I%- - C-0 m (D cl) �o Treasurer's Report - Shari L. Freidenrich, CPA Investment Balances Trends Portfolio Balances by Type in Millions 65 70 60 60 55 57 55 ®Treasuries 50 ■ Med Notes 40 ■ LAIF Fed Ag. 30 CP 20 BA t a ! Awllap r 10 p Repur. EnYea P�WIN Slide 2 Dec. Mar. June Sept October Treasurer's Report - Shari L. Freidenrich, CPA Investment Yields Trends LAIF/T-Bill Ave. 0 Actual — LAIF P 5.90 5.85 5.89 e 5.80 . 5.66 5.70 r 5.70 C 5.60 .53 � e 5.50 5.43 AT t 5.40 a 5.30 % g 5.20 e 5.10 Dec. Mar. June Sept. Oct. Month Slide 3 Treasurer's Report - Shari L. Freidenrich, CPA Summary Investment Portfolio Financial Information : October 1996 Balance $ 57,2699671 $ 55,9159357 $(11354,314) Interest / Month $ 276,713 $ 292,020 $15,307 Interest Yield 5.92% 5.89% (0.03)% Avg Maturity / Days 533 475 (58) End of Month - Cash Balance $11196,359 $ 1,656199 $459,840 Slide 4 Treasurer's Report - Shari L. Freidenrich, CPA Summary - Investment Portfolio Individual Investments: October 1996 Repurch. Agree $ 2,300,000 4% None 1 5.32 Banker Acceptances $1,947,873 3% 25% 110 5.65 Federal Agcy. Issues $ 20,984,190 38% None 1142 6.43 LAIF $ 20,711,965 37% $ 40 Mil 1 5.60 Med Term Notes $ 7,0207359 13% 20% 291 5.72 Commercial Paper $ 119699935 3% 15% 98 5.46 US Treasuries $ 981,035 2% None 132 5.08 Slide 5 `��! l ..��D�°•'71 ".tray..... � q lVp. �� `.���y�cy �•a'K'� F Y:- w5a -. Treasurer's Report - Shari L. Freidenrich, CPA Investment Maturities by Days I t� Ending October 30, 1996 fir'` 41% p 1 Day 50 /o 4 : ® 2-180 Days 40% .5 - 1 Yr. 30% ® 1 - 1 .5 Yr. '1 20% ° ° 11% ° m 1 .5 - 2 Yr. 71 10% ■ 2 - 3Yr. 3, m3 - 4Yr. ° p4 - 5Yr. �t %i I" Slide 7 r. {6 tx 4� • � jj w ltiti t� t � 'f Treasurer's Report - Shari L. Freidenrich, CPA Summary • Recommendation to City Council AN L 1� r`V fi s Slide 8 rl l� 1 ' i" City of Huntington Beach RECEIVED FROM/ Summary of Investment Portfolio AND MADEAPARTOF HERECOR AT THE COUNCIL MEETING OF Activity for September 1996 OFFICE OFTHE CITY CLERK CONNIE BROCKWAY,CITY CLERK Financial Information: Increase August September (Decrease) End of month City Portfolio Balance $57,741,652 $57,269,671 ($471,981) Accrued Interest at Purchase $42,000 $42,000 $0 Interest Earned for Month $290,770 $276,713 ($14,057) Earned Interest Yield Average 5.91% 5.92% 0.01% Average Maturity ( in days) 546 533 -13 End of Month Market Value $57,532,567 $57,213,781 ($318,786) End of month bank cash balance $1,283,881 $1,196,359 ($87,522) Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $276,713 $1,713 Interest Earned Year to Date $3,300,000 $3,635,722 $335,722 Earned Interest Yield Year to Date 5.50% 6.38% 0.88% Transaction Summary: Increase August September (Decrease) Number of Securities Purchased 22 20 -2 Number of Securities Matured/Sold 23 21 -2 Summary by Individual Investment: Days Int. September % of Total Policy Limit to Mat. Rate Repurchase Agreements $4,400,000 8% None 1 5.58% Bankers Acceptances $1,955,624 4% 25% 53 5.73% Federal Agency Issues $23,180,631 40% None 1214 6.50% Local Agency Inv. Fund (LAIF) $20,711,965 36% $40 Million 1 5.60% Medium Term Notes $7,021,450 12% 20% 322 5.72% Total $57,269,670 100% — ` f,'f tl —� 1. - � 7 �t�« �,r <�,t ct�. • TREASUR',ER' S . Shan . L. F,,re�denrich3 CPA . November 4 1996 _? n Treasurer's Report e Shari L. Freidenrich, CPA nvestm' 'ent Balances Trends Portfolio Balances by Type in Millions 70 62 62 65 5� �- 57 ...,�. 60 60 --- ~�„� Treasuries 4 50 o F7 so Notes '40 ■ LAIF 30 m Fed Ag. C■d F f a 20 ur, SBA 10 Repur. gLq�.t .,; ,is 9 av `# Slide 2 Oct. Dec. Feb. <; Apr. June Aug Treasurer's Report - Shari L. Freidenrich, CPA Investment Yields Trends LAIF/T-Bill Ave. Actual — LAIF 5.90 5.85 P 5.80 5.82 e 5.80 5.73 r 5.70 5.66 5.70 c e 5.60 5.43 3 Y n 5.50 $" t 5.40 =` a � t g 5.30a e 5.20 Dec. Mar. June Sept. Month Slide 3 Treasurer's Report - Shari L. Freidenrich, CPA Investment Earnings 0 YTD Budget E3 YTD Actual $31700,000 3 635 722 $39600,000 $395007000 m $3,400,000 $31300100 1 ; $3,300,000 $37200,000 F $31100,000 Sept. Slide 4 Treasurer's Report - Shari L. Freidenrich, CPA Summary - Investment Portfolio Financial Information : September 1996 Descri` tion Au ust 4September Increase Balance $ 57,714,652 $ 57,269,671 $( 471,981) Interest / Month $ 282,378 $ 276,713 $(149057) Interest Yield 5.91% 5.92% 0.01% Avg Maturity / Days 547 533 (13) End of Month - Cash Balance $1,283,881 $ 1,196 359 $ (87,522) Slide 5 Treasurer's Report - Shari L. Freidenrich, CPA Summary - Investment Portfolio Individual Investments: September 1996 Investment Amount Portfolio Policy k Days Int TYpe €� - September Percent Limit Mat Rate } Repurch. Agree $ 4,4009000 8% None 1 5.50 Banker Acceptances $1,955,624 4% 25% 53 5.73 Federal Agcy. Issues $ 23,180,631 40% None 1214 6.50 LAIF $ 20,711,965 36% $ 40 Mil 1 5.60 Med Term Notes $ 7,0213450 12% 20% 322 5.72 Slide 6 Treasurer's Report - Shari Le Freidenrich, CPA Investment Type -t, Percentage of Total : q Federal j f Ag encY Issues 44 t <i+ ep re as, Medium Term 4 Banker g a y '� = ;� �A Notes Acceptances. 80 o �o 12 /o s, r 4/o ; -- Slide 7 1� Treasurer's Report - Shari L. Freidenrich, CPA Investment Maturities byDays Ending September 30, 1996 50% ° ■ 1 Day 40% ■ 2-180 Days 30% om .5 - 1 Yr. 17° ® 1 - 1 .5 Yr. 20% ° ° 11% ■ 1 .5 - 2 Yr. 10% p2 - 3Yr. u ■ 3 - 4Yr. 3% p4 - 5Yr. Slide 8 Treasurer's Report - Shari L. Freidenrich, CPA Summary • Recommendation to City Council Slide 9 TREASURER' S REPORT Sha ri L . F.Freliden CPA November 4, 1996 0 ' Council/Agency Meeting Held: i/Iq 9� Deferred/Continued to: �✓ ��� PJ �� �.a��P �1 Approved ❑ Conditionally Approved ❑ Denied City Clerk's Signa re Council Meeting Date: 11/04/96 Department ID Number: CT 96-006 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: SEPTEMBER 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 September, 1996 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 September, 1996, 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: 11/04/96 DEPARTMENT ID NUMBER: CT 96-006 Analysis: Not applicable. Environmental Status: Not applicable. Attachment(s1: City Clerk's Page Number Monthly Investment Report and Summary of Investments for September, 1996 0019719.01 -2- 10/28/96 5:11 PM ATTACHMENT I '' j 10/28/1996 CITY OF HUNTINGTON BEACH PM - 1 PORTFOLIO MASTER SUMMARY CITY SEPTEMBER 30, 1996 ACCRUAL AVERAGE ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT ------------------------------------------------------------------------------------------------------------------------------------ Repurchase Agreements........................$ 4,400,000.00 7.68 1 0 5.500 5.576 Bankers Acceptances..........................$ 1,955,624.44 3.41 144 53 5.650 5.729 Federal Agency Issues - Coupon...............$ 23,180,631.04 40.48 1,497 1,214 6.411 6.500 Local Agency Investment Funds................$ 20,711,965.32 36.17 1 1 5.524 5.601 Medium Term Notes............................$ 7,021,450.18 12.26 534 322 5.638 5.717 ------------------------------------------------------------------------------ TOTAL INVESTMENTS and AVERAGES.............$ 57,269,670.98 100.00% 677 533 5.900% 5.981% ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ CASH Passbook/Checking Accounts...................$ 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase.................$ 42,000.00 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST.............$ 42,000.00 TOTAL CASH and INVESTMENTS.................$ 57,311,670.98 MONTH ENDING FISCAL FISCAL TOTAL EARNINGS SEPTEMBER 30 YEAR TO DATE YEAR ENDING Current Year $ 276,713.02 $ 3,635,721.85 $ 3,635,721.85 AVERAGE DAILY BALANCE $ 56,841,251.98 $ 56,828,189.49 EFFECTIVE RATE OF RETURN 5.92% 6.38% Current Budget $ 275,000.00 $ 3,300,000.00 $ 3,300,000.00 l I certify that this report accurately reflects all City and Redevelopment Agency 61W6 L. ID I H pooled investments and is in conformity with all State laws and the investment CITY TREAS policy statement filed with the City Council on Oct. 16,1995. A copy of this q policy is available at the office of the City Clerk. The investment program Q/L 6 ( herein shown provides sufficient cash flow liquidity to meet next month's T DATE estimated expenditures. '10/28/1996 CITY OF HUNTINGTON BEACH PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY SEPTEMBER 30, 1996 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 96-250 Sanwa Bank - Los Angeles 09/30/96 4,400,000.00 4,400,000.00 4,400,000.00 5.500 5.500 5.576 10/01/96 0 AVERAGES 3,083,333.33 BANKERS ACCEPTANCES 2767 BANK OF TOKYO 07/02/96 973,685.00 1,000,000.00 987,782.50 5.540 5.690 5.769 12/20/96 80 2766 DAIICHI KANGYO LA 07/02/96 981,939.44 1,000,000.00 995,877.78 5.510 5.611 5.689 10/28/96 27 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 1,955,624.44 1,955,624.44 1,983,660.28 2,000,000.00 5.650 5.729 53 FEDERAL AGENCY ISSUES - COUPON 2759 FEDERAL FARM CREDIT BANK 05/14/96 2,000,000.00 2,000,000.00 2,004,600.00 6.750 6.658 6.750 05/14/99 955 2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 2,000,000.00 5.180 5.109 5.180 08/26/98 694 2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 980,937.50 5.300 5.227 5.300 11/18/98 778 2736A Federal Home Loan Bank 04/20/94 197,368.42 197,368.42 197,430.10 6.835 6.741 6.835 04/20/99 931 2754 Federal Home Loan Bank 04/23/96 3,000,000.00 3,000,000.00 2,977,500.00 7.000 6.904 7.000 04/23/01 1,665 2755 Federal Home Loan Bank 04/30/96 2,000,000.00 2,000,000.00 1,998,750.00 7.200 7.101 7.200 04/30/01 1,672 2757 Federal Home Loan Mort Corp OS/14/96 2,002,180.37 2,000,000.00 2,002,500.00 6.800 6.661 6.753 05/14/99 955 2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,000,000.00 6.990 6.894 6.990 05/17/01 1,689 2764 Federal Home Loan Mort Corp 06/18/96 1,000,000.00 1,000,000.00 1,000,937.50 7.470 7.368 7.470 06/18/01 1,721 2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,985,041.43 3,000,000.00 2,953,800.00 5.000 5.235 5.308 02/25/98 512 2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,000,000.00 1,000,000.00 993,000.00 6.210 6.125 6.210 03/24/99 904 2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,996,040.82 2,000,000.06 2,000,000.00 6.850 6.817 6.912 05/26/00 1,333 2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 997,900.00 6.870 6.776 6.870 06/01/01 1,704 2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,007,400.00 7.070 6.973 7.070 06/25/01 1,728 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 23,180,197.44 23,180,631.04 23,114,755.10 23,197,368.42 6.411 6.500 1,214 LOCAL AGENCY INVESTMENT FUNDS 982 Laif City 16,717,076.76 16,717,076.76 16,717,076.76 5.601 5.524 5.601 1 2206 LAIF-Redevelopment Agency 3,994,888.56 3,994,888.56 3,994,888.56 5.601 5.524 5.601 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 20,408,949.80 20,711,965.32 20,711,965.32 20,711,965.32 5.524 5.601 1 TREASURY SECURITIES - DISCOUNT AVERAGES 1,191,168.67 10/28/1996 CITY OF HUNTINGTON BEACH PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY SEPTEMBER 30, 1996 ACCRUAL INVESTMENT' AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- MEDIUM TERM NOTES 2748 AT&T 02/22/96 2,000,140.83 2,000,000.00 1,992,600.00 5.350 5.340 5.414 08/12/97 315 2750 AT&T 02/26/96 999,751.53 1,000,000.00 987,500.00 5.410 5.427 5.503 01/30/98 486 2763 FORD-MOTOR CORP. 05/07/96 1,018,550.00 1,000,000.00 1,020,800.00 8.000 6.329 6.417 12/01/97 426 2745 Gen'Mtr Accept Corp 01/10/96 1,997,803.08 2,000,000.00 1,996,000.00 5.000 5.352 5.427 01/27/97 118 2756 US LIFE CORP O5/07/96 1,005,204.74 1,000,000.00 1,006,500.00 6.750 6.310 6.398 01/15/98 471 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 7,021,978.30 7,021,450.18 7,003,400.00 7,000,000.00 5.638 5.717 322 ----------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. $ 57,269,670.98 57,213,780.70 56,841,251.98 57,309,333.74 5.900% 5.981% 533 10/28/1996 CITY OF HUNTINGTON BEACH PM - 4 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY SEPTEMBER 1, 1996 - SEPTEMBER 30, 1996 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 96-230 Sanwa Bank - Los Angeles 4.875 09/03/1996 3,200,000.00 96-231 Sanwa Bank - Los Angeles 5.250 09/03/1996 2,600,000.00 09/04/1996 2,600,000.00 96-232 Sanwa Bank - Los Angeles 5.000 09/04/1996 3,000,000.00 09/05/1996 3,000,000.00 96-233 Sanwa Bank - Los Angeles 4.813 09/05/1996 2,900,000.00 09/06/1996 2,900,000.00 96-234 Sanwa Bank - Los Angeles 4.938 09/06/1996 2,600,000.00 09/09/1996 2,600,000.00 96-235 Sanwa Bank - Los Angeles 5.000 09/09/1996 3,000,000.00 09/10/1996 3,000,000.00 96-236 Sanwa Bank - Los Angeles 4.750 09/10/1996 3,200,000.00 09/11/1996 3,200,000.00 96-237 Sanwa Bank - Los Angeles 5.000 09/11/1996 3,600,000.00 09/12/1996 3,600,000.00 96-238 Sanwa Bank - Los Angeles 4.875 09/12/1996 3,400,000.00 09/13/1996 3,400,000.00 96-239 Sanwa Bank - Los Angeles 5.000 09/13/1996 2,400,000.00 09/16/1996 2,400,000.00 96-240 Sanwa Bank - Los Angeles 4.875 09/16/1996 1,300,000.00 09/17/1996 . 1,300,000.00 96-241 Sanwa Bank - Los Angeles 5.000 09/17/1996 600,000.00 09/18/1996 600,000.00 96-242 Sanwa Bank - Los Angeles 4.750 09/18/1996 800,000.00 09/19/1996 800,000.00 96-243 Sanwa Bank - Los Angeles 4.750 09/19/1996 2,700,000.06 09/20/1996 2,700,000.00 96-244 Sanwa Bank - Los Angeles 5.000 09/20/1996 2,700,000.00 09/23/1996 2,700,000.00 96-245 Sanwa Bank - Los Angeles 4.875 09/23/1996 2,800,000.00 09/24/1996 2,800,000.00 96-246 Sanwa Bank - Los Angeles 5.000 09/24/1996 2,700,000.00 09/25/1996 2,700,000.00 96-247 Sanwa Bank - Los Angeles 5.125 09/25/1996 5,000,000.00 09/26/1996 5,000,000.00 96-248 Sanwa Bank- Los Angeles 5.000 09/26/1996 6,000,000.00 09/27/1996 6,000,000.00 96-249 Sanwa Bank - Los Angeles 5.000 09/27/1996 5,000,000.00 09/30/1996 5,000,000.00 96-250 Sanwa Bank - Los Angeles 5.500 09/30/1996 4,400,000.00 SUBTOTALS and ENDING BALANCE 60,700,000.00 59,500,000.00 4,400,000.00 10/28/1996 CITY OF HUNTINGTON BEACH PM - 5 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY SEPTEMBER 1, 1996 - SEPTEMBER 30, 1996 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- BANKERS ACCEPTANCES 1,955,624.44 FEDERAL AGENCY ISSUES - COUPON 23,180,631..04 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 982 Laif City 5.601 231,076.85 2206 LAIF-Redevelopment Agency 5.601 82,387.48 2703 Orange County Invest Pool -77% 0.001 2703-A Orange County Invest Pool -23% 0.001 SUBTOTALS and ENDING BALANCE 313,464.33 0.00 20,711,965.32 TREASURY SECURITIES - DISCOUNT 2768 UNITED STATES TREASURY 5.095 09/19/1996 1,985,281.11 **** SUBTOTALS and ENDING BALANCE 0.00 1,985,281.11 0.00 MEDIUM TERM NOTES 7,021,450.18 ------------------------------------------------------------------------ TOTALS 61,013,464.33 61,485,281.11 57,269,670.98 **** - Indicates incomplete recording of maturity redemption. 10/28/1996 PM - 6 CITY OF HUNTINGTON BEACH CITY INVESTMENT ACTIVITY SUMMARY OCTOBER 1995 through SEPTEMBER 1996 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 95 11 50,787,924.20 5.823 5.903 5.784 21 24 247 117 November 95 11 49,337,924.20 5.849 5.930 5.805 19 19 254 116 December 95 13 59,806,332.53 5.660 5.739 5.748 22 20 214 95 January 96 15 56,287,912.75 5.713 5.792 5.698 24 22 241 ill February 96 19 55,751,056.43 5.625 5.703 5.643 25 21 316 178 March 96 21 54,547,921.18 5.582 5.660 5.557 23 21 347 195 April 96 20 61,818,147.16 5.635 5.714 5.538 24 25 432 298 May 96 24 62,185,031.28 5.762 5.843 5.538 29 25 560 487 June 96 25 64,714,429.65 5.786 5.867 5.548 22 21 604 522 July 96 28 60,141,846.39 5.838 5.920 5.587 24 21 656 551 August 96 27 57,741,682.03 5.836 5.918 5.566 22 23 673 546 September 96 26 57,269,670.98 5.899 5.981 5.601 20 21 677 533 --------------------------------------------------------------------------------------------------- AVERAGES 20 $ 57,532,489.90 5.751% 5.831% 5.63416 23 22 435 312 10/28/1996 PM - 7 CITY OF HUNTINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE OCTOBER 1995 through SEPTEMBER 1996 MONTH ------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------ END YEAR RPA SCD BAC COM CPI FAC FAD LAI TRC TRD MTN NCB BCD MCI MD1 PA1 GN1 ------------------------------------------------------------------------------------------------------------------------------------ October 95 7.8 9.5 78.8 3.9 November 95 5.1 9.8 81.1 4.1 December 95 18.4 3.3 8.1 66.9 3.3 January 96 8.0 3.5 1.8 8.6 71.1 7.1 February 96 7.2 7.1 14.0 59.2 12.5 March 96 7.0 10.8 16.2 53.2 12.8 April 96 13.3 6.4 21.3 47.7 11.3 May 96 7.2 3.2 35.7 42.6 11.3 June 96 10.8 - 37.4 41.0 10.9 July 96 7.7 3.3 40.2 33.9 3.3 11.7 August 96 5.5 3.4 40.1 35.3 3.4 12.2 September 96 7.7 3.4 40.5 36.2 12.3 -----------------------7---------------------------------------------------------------------------------------------- AVERAGES 8.8% 3.7% 0.1% 23.4% 53.9% 0.6% 9.4% 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 RCA ROUTING SHEET INITIATING CITY TREASURER DEPARTMENT: SUBJECT: Investment Report Summaries COUNCIL MEETING DATE: November 4, 1996 _. RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map,_Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in—full by the City Attomey) Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the CityAttomey) 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 EXPLANATIJN FORMISSGATHMENTS . . REV;IEWEQ RETURNED FORWARDED .. Administrative Staff ( ) Assistant City Administrator (Initial) ( ) ) City Administrator (Initial) ( ) j [City Clerk ( ) EXPLANATION FOR RETURN OF ITEM (Below (1115 1 yam--t" Council/Agency Meeting Held: 10--e9/-96 Deferred/Continued to: XApproved ❑ Conditionally Approved ❑ Denied City Clerk's Signature Council Meeting Date: 10/21/96 Department ID Number: CT 96-005 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: 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, 1996 pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Actiow Review monthly report. Following review of the report, by motion of Council, accept the Monthly Investment Report for August, 1996, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. f REQUEST FOR COUNCIL ACTT MEETING DATE: 10/21/96 DEPARTMENT ID NUMBER: CT 96-005 Analysis: Not applicable. Environmental Status: Not applicable. Attachment(s): City Clerk's Page Number ........................... ...................... Monthly Investment Report and Summary of Investments for August, 1996 0019719.01 -2- 10/09/96 10:58 AM City of Huntington Beach Summary of Investment Portfolio Activity for August 1996 Financial Information: Increase July August (Decrease) End of month City Portfolio Balance $60,141,846 $57,741,652 ($2,400,194) Accrued Interest at Purchase $48,234 $42,000 ($6,234) Interest Earned for Month $309,720 $282,378 ($27,342) Earned Interest Yield Average 5.88% 5.91% 0.03% Average Maturity ( in days) 551 547 -4 End of Month Market Value $59,916,913 $57,516,288 ($2,400,625) End of month bank cash balance $1,842,356 $1,283,881 ($558,475) Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $282,378 $7,378 Interest Earned Year to Date $3,025,000 $3,037,152 $12,152 Earned Interest Yield Year to Date 5.50% 5.82% 0.32% Transaction Summary: Increase July August (Decrease) Number of Securities Purchased 23 22 -1 Number of Securities Matured/Sold 22 23 1 Percent of Available Funds Invested 97% 97% 0% Summary by Individual Investment: Days Int. March % of Total Policy Limit to Mat. Rate Repurchase Agreements $3,200,000 6% None 2 4.94% Bankers Acceptances $1,955,624 3% 25% 83 5.73% Federal Agency Issues $23,179,704 40% None 1244 6.50% Local Agency Inv. Fund (LAIF) $20,398,501 35% None 1 5.57% Medium Term Notes $7,022,541 12% 20% 352 5.72% Treasurity Securities $1,985,281 4% None 18 5.20% Total $57,741,651 100% 10/09/1996 CITY OF HUNTINGTON BEACH PM - 1 PORTFOLIO MASTER SUMMARY CITY AUGUST 31, 1996 ACCRUAL AVERAGE ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT ------------------------------------------------------------------------------------------------------------------------------------ Repurchase Agreements........................$ 3,200,000.00 5.54 4 2 4.875 4.943 Bankers Acceptances..........................$ 1,955,624.44 3.39 144 83 5.650 5.729 Federal Agency Issues - Coupon...............$ 23,179,733.94 40.14 1,497 1,244 6.411 6.500 Local Agency Investment Funds................$ 20,398,500.99 35.33 1 1 5.490 5.566 Treasury Securities - Discount...............$ 1,985,281.11 3.44 52 18 5.133 5.204 Medium Term Notes............................$ 7,022,541.55 12.16 534 352 5.639 5.717 ------------------------------------------------------------------------------ TOTAL INVESTMENTS and AVERAGES.............$ 57,741,682.03 100.00% 673 546 5.837% 5.918% CASH Passbook/Checking Accounts...................$ 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase.................$ 42,000.00 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST.............$ 42,000.00 TOTAL CASH and INVESTMENTS.................$ 57,783,682.03 MONTH ENDING FISCAL FISCAL TOTAL EARNINGS AUGUST 31 YEAR TO DATE YEAR ENDING Current Year $ 290,769.76 $ 3,045,544.50 AVERAGE DAILY BALANCE $ 57,951,422.28 $ 56,827,023.20 EFFECTIVE RATE OF RETURN 5.91% 5.82% Current Budget $ 275,000.00 $ 3,025,000.00 $ 3,300,000.00 I certify that this report accurately reflects all City and Redevelopment Agency I FREID ICH pooled investments and is in conformity with all State laws and the investment CITY TR R policy statement filed with the City Council on Oct. 16,1995. 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 next month's DATE estimated expenditures. 10/09/1996 CITY OF HUNTINGTON BEACH PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY AUGUST 31, 1996 ACCRUAL 1._ -STMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 96-230 Sanwa Bank - Los Angeles 08/30/96 3,200,000.00 3,200,000.00 3,200,000.00 4.875 4.875 4.943 09/03/96 2 AVERAGES 2,796,774.19 BANKERS ACCEPTANCES 2767 BANK OF TOKYO 07/02/96 973,685.00 1,000,000.00 983,231.11 5.540 5.690 5.769 12/20/96 110 2766 DAIICHI KANGYO LA 07/02/96 981,939.44 1,000,000.00 991,297.50 5.510 5.611 5.689 10/28/96 57 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 1,955,624.44 1,955,624.44 1,974,528.61 2,000,000.00 5.650 5.729 83 FEDERAL AGENCY ISSUES - COUPON 2759 FEDERAL FARM CREDIT BANK O5/14/96 2,000,000.00 2,000,000.00 1,996,200.00 6.750 6.658 6.750 05/14/99 985 2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 2,000,000.00 5.180 5.109 5.180 08/26/98 724 2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 975,625.00 5.300 5.227 5.300 11/18/98 808 2736A Federal Home Loan Bank 04/20/94 197,368.42 197,368.42 195,949.84 6.835 6.741 6.835 04/20/99 961 2754 Federal Home Loan Bank 04/23/96 3,000,000.00 3,000,000.00 2,940,000.00 7.000 6.904 7.000 04/23/01 1,695 2755 Federal Home Loan Bank 04/30/96 2,000,000.00 2,000,000.00 1,973,125.00 7.200 7.101 7.200 04/30/01 1,702 2757 Federal Home Loan Mort Corp 05/14/96 2,002,24B.86 2,000,000.00 1,996,250.00 6.800 6.661 6.753 05/14/99 985 2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,000,000.00 6.990 6.894 6.990 05/17/01 1,719 2764 Federal Home Loan Mort Corp 06/18/96 1,000,000.00 1,000,000.00 995,312.50 7.470 7.368 7.470 06/18/01 1,751 2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,984,164.95 3,000,000.00 2,939,700.00 5.000 5.235 5.308 02/25/98 542 2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,000,000.00 1,000,000.00 986,700.00 6.210 6.125 6.210 03/24/99 934 Fed. Nat'l Mort. Assoc. 05/14/96 1,995,951.71 2,000,000.00 1,986,875.00 6.850 6.817 6.912 05/26/00 1,363 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,000.00 1,000,000.00 989,500.00 6.870 6.776 6.870 06/01/01 1,734 2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,000,300.00 7.070 6.973 7.070 06/25/O1 1,758 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 23,792,189.57 23,179,733.94 22,975,537.34 23,197,368.42 6.411 6.500 1,244 LOCAL AGENCY INVESTMENT FUNDS 982 Laif City 16,485,999.91 16,485,999.91 16,485,999.91 5.566 5.490 5.566 1 2206 LAIF-Redevelopment Agency 3,912,501.08 3,912,501.08 3,912,501.08 5.566 5.490 5.566 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 20,398,500.99 20,398,500.99 20,398,500.99 20,39B,500.99 5.490 5.566 1 TREASURY SECURITIES - DISCOUNT 2768 UNITED STATES TREASURY 07/29/96 1,985,281.11 2,000,000.00 1,994,000.00 5.095 5.133 5.204 09/19/96 18 AVERAGES 1,985,281.11 10/09/1996 CITY OF HUNTINGTON BEACH PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY AUGUST 31, 1996 ACCRUAL STMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- MEDIUM TERM NOTES 2748 AT&T 02/22/96 2,000,154.42 2,000,000.00 1,986,600.00 5.350 5.340 5.414 08/12/97 345 2750 AT&T 02/26/96 999,735.97 1,000,000.00 984,500.00 5.410 5.427 5.503 01/30/98 516 2763 FORD MOTOR CORP. 05/07/96 1,019,875.00 1,000,000.00 1,020,400.00 8.000 6.329 6.417 12/01/97 456 2745 Gen Mtr'Accept Corp 01/10/96 1,997,234.91 2,000,000.00 1,994,000.00 5.000 5.352 5.427 01/27/97 148 2756 US LIFE CORP 05/07/96 1,005,541.25 1,000,000.00 1,004,500.00 6.750 6.310 6.398 01/15/98 501 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 7,023,051.98 7,022,541.55 6,990,000.00 7,000,000.00 5.639 5.717 - 352 ----------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. $ 57,741,682.03 57,532,566.94 57,951,422.28 57,795,869.41 5.837% 5.918% 546 10/09/1996 CITY OF HUNTINGTON BEACH PM - 4 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY AUGUST 1, 1996 - AUGUST 31, 1996 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE -------------------`-------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 96-208 Sanwa Bank - Los Angeles 5.250 08/01/1996 4,600,000.00 96-209 Sanwa Bank - Los Angeles 5.125 08/01/1996 5,000,000.00 08/02/1996 5,000,000.00 96-210 Sanwa Bank - Los Angeles 5.000 08/02/1996 3,400,000.00 08/05/1996 3,400,000.00 96-211 Sanwa Bank - Los Angeles 5.063 08/05/1996 2,300,000.00 08/06/1996 2,300,000.00 96-212 Sanwa Bank - Los Angeles 5.000 08/06/1996 2,300,000.00 08/07/1996 2,300,000.00 96-213 Sanwa Bank - Los Angeles 4.750 08/07/1996 2,000,000.00 08/08/1996 2,000,000.00 ' 96-214 Sanwa Bank - Los Angeles 4.750 08/08/1996 2,300,000.00 08/09/1996 2,300,000.00 96-215 Sanwa Bank - Los Angeles 4.813 08/09/1996 3,000,000.00 08/12/1996 3,000,000.00 96-216 Sanwa Bank - Los Angeles 5.000 08/12/1996 3,400,000.00 08/13/1996 3,400,000.00 96-217 Sanwa Bank - Los Angeles 5.000 08/13/1996 2,700,000.00 08/14/1996 2,700,000.00 96-218 Sanwa Bank - Los Angeles 4.875 08/14/1996 2,200,000.00 08/15/1996 2,200,000.00 96-219 Sanwa Bank - Los Angeles 5.000 OB/15/1996 2,600,000.00 08/16/1996 2,600,000.00 96-220 Sanwa Bank - Los Angeles 5.000 08/16/1996 1,200,000.00 08/19/1996 1,200,000.00 96-221 Sanwa Bank - Los Angeles 5.000 08/19/1996 500,000.00 08/20/1996 500,000.00 96-222 Sanwa Bank - Los Angeles 4.875 08/20/1996 600,000.00 08/21/1996 600,000.00 96-223 Sanwa Bank - Los Angeles 4.950 08/21/1996 2,200,000.00 08/22/1996 2,200,000.00 96-224 Sanwa Bank - Los Angeles 4.875 08/22/1996 3,000,000.00 08/23/1996 3,000,000.00 96-225 Sanwa Bank - Los Angeles 4.875 08/23/1996 3,600,000.00 08/26/1996 3,600,000.00 96-226 Sanwa Bank - Los Angeles 5.000 08/26/1996 3,800,000.00 08/27/1996 3,800,000.00 96-227 Sanwa Bank - Los Angeles 5.000 08/27/1996 4,000,000.00 08/28/1996 4,000,000.00 96-228 Sanwa Bank - Los Angeles 5.000 08/28/1996 3,800,000.00 08/29/1996 3,800,000.00 96-229 Sanwa Bank - Los Angeles 5.000 08/29/1996 4,000,000.00 08/30/1996 4,000,000.00 10/U9/1996 CITY OF HUNTINGTON BEACH PM - 5 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY AUGUST 1, 1996 - AUGUST 31, 1996 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- 96-230 Sanwa Bank - Los Angeles 4.875 08/30/1996 3,200,000.00 SUBTOTALS and ENDING BALANCE 61,100,000.00 62,500,000.00 3,200,000.00 BANKERS ACCEPTANCES 1,955,624.44 FEDERAL AGENCY ISSUES - COUPON 2761 Federal Home Loan Bank 6.300 08/20/1996 1,000,000.00 23,179,733.94 C LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 982 Laif City 5.566 2206 LAIF-Redevelopment Agency 5.566 2703 Orange County Invest Pool -77% 0.001 2703-A Orange County Invest Pool -23% 0.001 SUBTOTALS and ENDING BALANCE 0.00 0.00 20,398,500.99 TREASURY SECURITIES - DISCOUNT 1,985,281.11 MEDIUM TERM NOTES 7,022,541.55 ------------------------------------------------------------------------ TOTALS 61,100,000.00 63,500,000.00 57,741,682.03 10/0/1996 PM - 6 CITY OF HUNTINGTON BEACH CITY INVESTMENT ACTIVITY SUMMARY OCTOBER 1995 through AUGUST 1996 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 95 11 50,787,924.20 5.823 5.903 5.784 21 24 247 117 November 95 11 49,337,924.20 5.849 5.930 5.805 19 19 254 116 December 95 13 59,806,332.53 5.660 5.739 5.748 22 20 214 95 January 96 15 56,287,912.75 5.713 5.792 5.698 24 22 241 ill February 96 19 55,751,056.43 5.625 5.703 5.643 25 21 316 178 March 96 21 54,547,921.18 5.582 5.660 5.557 23 21 347 195 April 96 20 61,818,147.16 5.635 5.714 5.538 24 25 432 298 May 96 24 62,185,031.28 5.762 5.843 5.538 29 25 560 487 June 96 25 64,714,429.65 5.786 5.867 5.548 22 21 604 522 July 96 28 60,141,846.39 5.838 5.920 5.587 24 21 656 551 August 96 27 57,741,682.03 5.836 5.918 5.566 22 23 673 546 --------------------------------------------------------------------------------------------------- AVERAGES 19 $ 57,556,382.53 5.737$ 5.817% 5.637% 23 22 413 292 10/09/1996 PM - 7 CITY OF HUNTINGTON BEACH CITY DISTRIBUTION OF INVESTMENTS BY TYPE OCTOBER 1995 through AUGUST 1996 MONTH ------------------:----------------------------- TYPES OF INVESTMENTS ------------------------------------------------ END YEAR RPA SCD BAC COM CPI PAC FAD LA1 TRC TRD MTN NCB BCD MCI MD1 PA1 GN1 ------------------------------------------------------------------------------------------------------------------------------------ October 95 7.8 9.5 78.8 3.9 November 95 5.1 9.8 81.1 4.1 December 95 18.4 3.3 8.1 66.9 3.3 January 96 8.0 3.5 1.8 8.6 71.1 7.1 February 96 7.2 7.1 14.0 59.2 12.5 March 96 7.0 10.8 16.2 53.2 12.8 April 96 13.3 6.4 21.3 47.7 11.3 May 96 7.2 3.2 35.7 42.6 11.3 June 96 10.8 37.4 41.0 10.9 July 96 7.7 3.3 40.2 33.9 3.3 11.7 August 96 5.5 3.4 40.1 35.3 3.4 12.2 ---------------------------------------------------------------------------------------------------------------------- AVERAGES 8.9% 3.7% 0.2%, 21.9% 55.5% 0.6% 9.2% RPA - Repurchase Agreements SCD - Certificates of Deposit BAC - Bankers Acceptances COM - Commercial Paper - Discount CPI - Commercial Paper - Interest Bearing FAC - Federal Agency Issues - Coupon FAD - Federal Agency Issues - Discount LA1 - Local Agency Investment Funds TRC - Treasury Securities - Coupon TRD - Treasury Securities - Discount MTN - Variable CD's NCB - Negotiable CD's BCD - Certificates of Deposit - Bank 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 . 8/30/96 .,xa. :}}'' � :•:•}v''s<»y' i'2'<>Yr itij:iYk:2i+::•.':ii:S:::::!:•.'-.':::r�i>::>:v:i:i 4.. .{ �:'i.,4}.x4.}�•v4. , 4..:}.,:nv4w,:.><}<{::`vC;.CY{��i<i:.: �<i<::v3�iv{v<v,.}vv. ...{E'}�LS'.,S{:.<`.v �.. :}:vt }.tv,.2?},`:^`•. •. ..,{.v{w.: •. `ti}t:::::...:;x}YC.v,... }:'4!:iu/S' vv Xv}��Y}{: •;:YJ:.r.:YSY'::.}%'v:::::r : ' S, ..t •:,>...���..tk;.}..:.;�6y�; `;Y:{:ski::£.r:rii' y�I��t�r :ii: :.::s�,:.4 :.::.:!•:•.>p.QY:r7air:: .:�.:::::::::.:::{•.:�.:,.:�V'.f/:Yr71Zat�:: �'::': ...;..•.{:,.... ... .' ... : .r:-•. •.: . : jai: ...........:.................Y. ..,. .-.................... United States Treasury: Bills $ 2,401,069,042.99 $ 2,456,987,050.00 NA Strips $ 309,526,280.00 $ 355,188,460.00 NA Notes $ 5,293,796,886.41 $ 5,205,262,305.00 $ 43,211,187.67 Federal Agency: Bonds $ 752,826,699.69 $ 746,341,630.00 $ 7,483,315.33 Floaters $ 454,928,512.73 $ 455,539,450.00 $ 9,218,833.65 MBS $ 164,017,728.68 $ 156,701,917.97 $ 968,371.24 TVA $ 29,924,691.38 $ 29,982,343.70 $ 719,008.92 GNMA $ 4,059,363.04 $ 4,495,905.85 $ 38,697.36 SBA $ 123,563,564.03 $ 124,991,725.24 $ 1,254,396.32 FHLMC PC $ -33,887,540.42 $ 36,061,123.51 $ 544,227.33 Discount Notes $ 374,004,701.39 $ 375,600,700.00 NA Bankers Acceptances $ 298,198,295.85 $ 298,548,179.37 NA Corporate: Bonds $ 1,447,220,484.03 $ 1,436,401,986.17 $ 30,195,183.53 Floaters $ 580,760,942.27 $ 580,881,482.50 $ 5,919,038.12 CDs $ 5,165,016,893.59 $ 5,207,332,365.86 $ 6,750,141.93 Bank Notes $ 960,106,971.27 $ 973,164,154.60 $ 1,937,452.78 Repurchase Agreements $ 200,000,000.00. $ 200,000,000.00 NA Time Deposits $ 340,995,000.00 $ 340,995,000.00 NA AB 55 &GF Loans $ 1,842,349,978.00 $ 1,842,349,978.00 NA Commercial Paper $ 6,807,889,686.07 $ 6,817,305,229.42 NA Reverse Repurchase $ 405,500,000.00 $ 405,500,000.00 $ 1,524,833.33 TOTAL $ 27,178,643,261.84 $ 27,238,630,987.18 $ 106,715,020.86 Estimated Market Value Including Accrued Interest $ 27,345,346,008.04 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. RCA ROUTING SHEET INITIATING CITY TREASURER DEPARTMENT: SUBJECT: Investment Report Summaries COUNCIL MEETING DATE: October 21, 1996 C MS A TTAC US Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attomey) Not Applicable Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City 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 . .......... ... ...... .... _ ...... ...... .. ........ ........ ......... __.. . ..... - ._. ......... EXPLANATIO>N FOR MESSING ATTACHMENTS ........... _ ........_ ........ ....... _....._.. .. ......... ... . . _ ......._ ... .... _.... ........ ..... ... ... ...... .....- - REVJEWED RETURNED FORW ED Administrative Staff ( ) Assistant City Administrator (Initial) ( ) ) City Administrator (Initial) ( ) City Clerk ( ) .. EXPLANATION FOR RETURN OF ITEM Only)(Below Space For City Clerk's Use RECEIVEIJ Mom tz / COONUIL MEN TING • r 00,101 OF CONNI SPIOCKWAY,CITY CLERK t I ` TR � ASUrR � RE,.PORT J f Shari..�L:;�F��reidenric�h�•; SPA Investment Balances Trends 70 � - — - — - — � ,� ❑Treasuries 50� Med Notes 40 ■LAIF � ■Fed Ag. CP � ❑BA 10 o Repur. 0 ' Oct Nov. Dec. Jan Feb. Mar. Apr. May June July Aug � I nvestment Yields Trends ,— LAIF Performance Actual i-fl3 Vicld s.1 s.1 s.o - - - -5 Oct. Dec. Feb. Apr. June Aug . Summary - Investment Portfolio ' �=inanci�l 9n�o��n�lion: �ucusf �9�3 Balance $60,141,846 $57,741,652 $(2,400,194) Interest /Month $309,720 $282,378 $(27,342) Interest Yield 5.88% 5.91% 0.03% Avg Maturity 1 Days 551 547 (4) End of Month -Cash Balance $1,842,356 $1,283,881 $(558,475) I nvest�rt��7�: Repurch.Agree $3,200,000 6% None 2 4.94 Banker Acceptances $1,955,624 3% 25% 83 5.73 Federal Agcy. Issues $23,179,704 40% None 1244 6.50 LAIF $20,398,501 35% $40 Mil 1 5.57 Treasury Securities $ 1,985,281 4% None 18 5.20 Med Term Notes $7,022,541 12% 20% 352 5.72 � . Investment Type Federal Agencylssues I LAIF 40% 35% asury ' ec. Re rchase Banker - 9f�� Medium Term Acceptances 6% Notes � Investment Maturities by Days " ' Ending August 31, 1996 40% Z ° 1 Day ❑2-180 Days 30% � 18% .5-1 Yr. 20% O� n 1 -1.5 Yr. Z�l 1.5-2Yr. 10% 3% _ ■2-3Yr. 3-4Yr. 3% ®4-5Yr. Summary o Recommendation to City Council TR ::A S U'R E R S7'P, ,-.E`PORT Shari.-,L-,,Flr . idenri6h,-r- CPA kl-�.�rll rl octo ber 2 1 1996 10-0 i',V '9 City of Huntington Beach �a31a313 ui3 3.4o a0ij�a o noo Summary of Investment Portfo�.l dLO1HYdV30V YGNV 03�a 3H d0lkldd d 30dW dNd Activity for July, 1996 NOW C3A1303W Financial Information: Increase June July (Decrease) End of month City Portfolio Balance $64,714,430 $60,141,846 ($4,572,584) Accrued Interest at Purchase $27,234 $48,234. $21,000 Interest Earned for Month $300,705 $309,720 $9,015 Earned Interest Yield Average 5.83% 5.88% 0.05% Average Maturity ( in days) 522 551 29 End of Month Market Value $64,503,806 $59,916,913 ($4,586,893) End of month bank cash balance $1,250,219 $1,842,356 $592,137 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $309,720 $34,720 Interest Earned Year to Date $2,750,000 $2,754,731 $4,731 Earned Interest Yield Year to Date 5.50% 5.81% 0.31% Transaction Summary: Increase June July (Decrease) Number of Securities Purchased 22 23 1 Number of Securities Matured/Sold 21 22 1 Percent of Available Funds Invested 98% 97% -1% Summary by Individual Investment: Days Int. July % of Total Policy Limit to Mat. Rate Repurchase Agreements $4,600,000 7.6% None 1 5.07% Bankers Acceptances $1,955,624 3.3% 25% 114 5.73% Federal Agency Issues $24,178,807 40.2% None 1244 6.50% Local Agency Inv. Fund (LAIF) $20,398,501 33.9% $40 M 1 5.59% Treasury Securities $1,985,281 3.3% None 49 5.20% Medium Term Notes $7,023,633 11.7% 20% 383 5.72% Total $60,141,846 100% t t` T T T T Treasurers Report•Shari L.Freidenrich,CPA Investment Balances Trends Portfolio Balances by Type in Millions 70 6 60 60 61 ?:E:a 10 f' ix:3 . 20 . 0 Slide 2 Oct Nov Dea Jan Feh Nor. Apr. May June July Treasurers Report-Shari L Freidendch,CPA nvestment Yields Trends — LAIF Performance ® Actual HB Yield P 8.1 6.1 r 5.9 5.8 5.8 c 5.6 e 5.7 n 5.8 t 5.5 .5 a 5.4 0 5.3 e 5.2 Oct Dec. Feb. Apr. June Slide 3 Meng Treasurers Report-Shad L.Freldendch,CPA Summary- Investment Portfolio Financial Information: July 1996 Babice S 64,714.430 S 60,141.M6 514,572,554) Interest/M" S 300,705 $309.720 S 9,015 memo Yew 5.93b 5.93% 0.05% Avg Maturity/Days 522 551 29 End of Month Cash Balance 31,250,219 S 1,342,359 S 592,t37 Slide 4 . t. Treasurer's Report-Shari L.Freldenrich,CPA Summary- Investment Portfolio Individual Investments: July 1996 Repurch.Agree $4.00.000 M None 1 5.07 Banker Acceptances $1.155,124 M M. 114 5.72 Federal Agcy.Issues 124,178,807 40% None 1244 1.50 LAIF S 20,211,501 SOA S 40 Mil 1 5.51 Treasury Securities S 1,015,211 SX None 41 5.20 Mad Term Notes S 7.M.8S2 12% "% SIS 5.72 Slide 5 Treasurer's Report•Shari L.Freldenrich,CPA Investment Type Percentage of Total Accep 3% Slide 6 Treasurer's Report-Shari L Freldenrich,CPA Investment Maturities by Days Ending July 31,1996 50%IT 42 a 1 pay 40% 1161M ®2-180 Days 12.5.1 Yr. 30% ®1-1.5 Yr. 20% 10% 11111.5.2Yr. 10% a 2-3 Yr. ®3-4 Yr. 0% 3%' £: 04-5 Yr. Slide 7 Treasurer's Report-Shari L.Freidenrich,CPA Summary. • Recommendation to City Council Slide 8 itg!-fl .3jo.ao Council/Agency Meeting Held: 96 4 6 Deferred/Continued to: f"Approved El Conditionally Approved El Denied City Clerk's Si ature .- Council Meeting Date: 9/16/96 Department ID Number: CT 96-004 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, City Treasuret!!54F PREPARED BY: SHARI L. FREIDENRICH, City Treasur � SUBJECT: JULY INVESTMENT SUMMARY REVIEW Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachments) Statement of Issue: Review and accept the monthly investment report for July, 1996 pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not applicable. Recommended Action: Review and accept monthly report. Alternative Action(s): Deny or critique monthly report. REQUEST FOR COUNCIL ACTION MEETING DATE: 9/16/96 DEPARTMENT ID NUMBER: CT 96-003 Analysis: Not applicable. Environmental Status: Not applicable. Attachment(s): City Clerk's Page Number .......... ..._........... .... Monthly Investment Report and Summary of Investments for July, 1996 0019719.01 -2- 09/06/96 11:49 AM City of Huntington Beach Summary of Investment Portfolio Activity for July, 1996 Financial Information: Increase June July (Decrease) End of month City Portfolio Balance $64,714,430 $60,141,846 ($4,572,584) Accrued Interest at Purchase $27,234 $48,234 $21,000 Interest Earned for Month $300,705 $309,720 $9,015 Earned Interest Yield Average 5.83% 5.88% 0.05% Average Maturity ( in days) 522 551 29 End of Month Market Value $64,503,806 $59,916,913 ($4,586,893) End of month bank cash balance $1,250,219 $1,842,356 $592,137 Comparison to Budget: Increase Budget Actual (Decrease) Interest Earned for Month $275,000 $309,720 $34,720 Interest Earned Year to Date $2,750,000 $2,754,731 $4,731 Earned Interest Yield Year to Date 5.50% 5.81% 0.31% Transaction Summary: Increase June July (Decrease) Number of Securities Purchased 22 23 1 Number of Securities Matured/Sold 21 22 1 Percent of Available Funds Invested 98% 97% -1% Summary by Individual Investment: Days Int. July % of Total Policy Limit to Mat. Rate Repurchase Agreements $4,600,000 7.6% None 1 5.07% Bankers Acceptances $1,955,624 3.3% 25% 40 5.73% Federal Agency Issues $24,178,807 40.2% None 1222 6.50% Local Agency Inv. Fund (LAIF) $20,398,501 33.9% None 1 5.59% Treasury Securities $1,985,281 3.3% None 49 5.20% Medium Term Notes $7,023,633 11.7% 20% 303 5.72% Total $60,141,846 100% 08/28/1996 CITY OF HUNTINGTON BEACH PM - 1 PORTFOLIO MASTER SUMMARY CITY JULY 31, 1996 ACCRUAL AVERAGE ---YIELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT ------------------------------------------------------------------------------------------------------------------------------------ Repurchase Agreements........................$ 4,600,000.00 7.65 1 0 5.000 5.069 Bankers Acceptances..........................$ 1,955,624.44 3.25 144 114 5.650 5.729 Federal Agency Issues - Coupon...............$ 24,178,806.95 40.20 1,460 1,244 6.406 6.495 Local Agency Investment Funds................$ 20,398,500.99 33.92 1 1 5.510 5.587 Treasury Securities - Discount...............$ 1,985,281.11 3.30 52 49 5.133 5.204 Medium Term Notes............................$ 7,023,632.90 11.68 534 383 5.639 5.717 ------------------------------------------------------------------------------ TOTAL INVESTMENTS and AVERAGES.............$ 60,141,846.39 100.00% 656 551 5.839% 5.920% CASH Passbook/Checking Accounts...................$ 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase.................$ 48,233.62 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST.............$ 48,233.62 ........................................... .................................. TOTAL CASH and INVESTMENTS.................$ 60,190,080.01 .............................................................................. MONTH ENDING FISCAL FISCAL TOTAL EARNINGS JULY 31 YEAR TO DATE YEAR ENDING Current Year $ 309,719.77 $ 2,754,730.95 AVERAGE DAILY BALANCE $ 61,970,822.30 $ 56,712,740.01 EFFECTIVE RATE OF RETURN 5.88V 5.81$ Current Budget $ 275,000.00 $ 2,750,000.00 $ 3,300,000.00 I certify that this report accurately reflects all City and Redevelopment Agency c I L. FRE D ICH pooled investments and is in conformity with all State laws and the investment CITY R policy statement filed with the City Council on Oct. 16,1995. 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 next month's DATE estimated expenditures. O8/28/1996 CITY OF HUNTINGTON BEACH PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY JULY 31, 1996 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 96-208 Sanwa Bank - Los Angeles 07/31/96 4,600,000.00 4,600,000.00 4,600,000.00 5.000 5.000 5.069 08/01/96 0 AVERAGES 2,638,709.68 BANKERS ACCEPTANCES 2767 BANK OF TOKYO 07/02/96 973,685.00 1,000,000.00 977,832.22 5.540 5.690 5.769 12/20/96 141 2766 DAIICHI KANGYO LA 07/02/96 981,939.44 1,000,000.00 986,476.94 5.510 5.611 5.689 10/28/96 88 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 1,892,539.78 1,955,624.44 1,964,309.16 2,000,000.00 5.650 5.729 114 FEDERAL AGENCY ISSUES - COUPON 2759 FEDERAL FARM CREDIT BANK 05/14/96 2,000,000.00 2,000,000.00 1,997,200.00 6.750 6.658 6.750 05/14/99 1,016 2734 Federal Home Loan Bank 08/26/93 2,000,000.00 2,000,000.00 2,000,000.00 5.180 5.109 5.180 08/26/98 755 2735 Federal Home Loan Bank 11/18/93 1,000,000.00 1,000,000.00 974,687.50 5.300 5.227 5.300 11/18/98 839 2736A Federal Home Loan Bank 04/20/94 197,368.42 197,368.42 196,689.97 6.835 6.741 6.835 04/20/99 992 2754 Federal Home Loan Bank 04/23/96 3,000,000.00 3,000,000.00 2,946,562.50 7.000 6.904 7.000 04/23/01 1,726 2755 Federal Home Loan Bank 04/30/96 2,000,000.00 2,000,000.00 1,970,625.00 7.200 7.101 7.200 04/30/01 1,733 2761 Federal Home Loan Bank 05/20/96 1,000,000.00 1,000,000.00 1,000,625.00 6.300 6.300 6.388 11/20/97 476 2757 Federal Home Loan Mort Corp 05/14/96 2,002,319.63 2,000,000.00 1,994,375.00 6.800 6.661 6.753 05/14/99 1,016 2760 Federal Home Loan Mort Corp 05/17/96 2,000,000.00 2,000,000.00 2,000,000.00 6.990 6.894 6.990 05/17/01 1,750 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 1,782 2751 Fed. Nat'l Mort. Assoc. 02/29/96 2,983,259.26 3,000,000.00 2,936,400.00 5.000 5.235 5.308 02/25/98 573 2753 Fed. Nat'l Mort. Assoc. 03/22/96 1,000,000.00 1,000,000.00 987,000.00 6.210 6.125 6.210 03/24/99 965 2758 Fed. Nat'l Mort. Assoc. 05/14/96 1,995,859.64 2,000,000.00 1,990,625.00 6.850 6.817 6.912 05/26/00 1,394 2762 Fed. Nat'l Mort. Assoc. 05/30/96 1,000,0OO.OD 1,000,000.00 991,800.DO 6.870 6.776 6.870 06/01/01 1,765 2765 Fed. Nat'l Mort. Assoc. 06/24/96 1,000,000.00 1,000,000.00 1,001,100.00 7.070 6.973 7.070 08/25/01 1,850 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 24,178,358.41 24,178,806.95 23,985,502.47 24,197,368.42 6.406 6.495 1,244 LOCAL AGENCY INVESTMENT FUNDS 982 Laif City 16,485,999.91 16,485,999.91 16,485,999.91 5.587 5.510 5.587 1 2206 LAIF-Redevelopment Agency 3,912,501.08 3,912,501.08 3,912,501.08 5.587 5.510 5.587 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 26,044,947.43 20,398,500.99 20,398,500.99 20,398,500.99 5.510 5.587 1 TREASURY SECURITIES - DISCOUNT 2768 UNITED STATES TREASURY 07/29/96 1,985,281.11 2,000,000.00 1,985,400.00 5.095 5.133 5.204 09/19/96 49 AVERAGES 192,123.98 O8/28/1996 CITY OF HUNTINGTON BEACH PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY JULY 31, 1996 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- MEDIUM TERM NOTES 2748 AT&T 02/22/96 2,000,168.00 2,000,000.00 1,983,800.00 5.350 5.340 5.414 08/12/97 376 2750 AT&T 02/26/96 999,720.40 1,000,000.00 981,800.00 5.410 5.427 5.503 01/30/98 547 2763 FORD MOTOR CORP. 05/07/96 1,021,200.00 1,000,000.00 1,021,000.00 8.000 6.329 6.417 12/01/97 487 2745 Gen Mtr Accept Corp 01/10/96 1,996,666.74 2,000,000.00 1,992,800.00 5.000 5.352 5.427 01/27/97 179 2756 US LIFE CORP 05/07/96 1,005,877.76 1,000,000.00 1,003,800.00 6.750 6.310 6.398 01/15/98 532 ----------------- -------------- -------------- -------------- ------ ------ ------ SUBTOTALS and AVERAGES 7,024,143.02 7,023,632.90 6,983,200.00 7,000,000.00 5.639 5.717 383 ----------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. 5 60,141,846.39 59,916,912.62 61,970,822.30 60,195,869.41 5.839% 5.920% 551 aavvvnv¢vasaaaaavvasacaacpaaas avacecaavaaa.. vavaaasaacaaavasaasaaaasaaaaaaaaaavaasaaae aavavaaavavaasaaas 08/26/1996 CITY OF HUNTINGTON BEACH PM - 4 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY JULY 1, 1996 - JULY 31, 1996 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- REPURCHASE AGREEMENTS 96-186 Sanwa Bank - Los Angeles 5.000 07/01/1996 7,000,000.00 96-187 Sanwa Bank - Los Angeles 5.156 07/01/1996 7,000,000.00 07/02/1996 7,000,000.00 96-188 Sanwa Bank - Los Angeles 5.125 07/02/1996 4,200,000.00 07/03/1996 4,200,000.00 96-189 Sanwa Bank - Los Angeles 5.125 07/03/1996 1,700,000.00 07/05/1996 1,700,000.00 96-190 Sanwa Bank - Los Angeles 5.000 07/05/1996 1,700,000.00 07/08/1996 1,700,000.00 96-191 Sanwa Bank - Los Angeles 5.000 07/08/1996 1,700,000.00 07/09/1996 1,700,000.00 96-192 Sanwa Bank - Los Angeles 4.875 07/09/1996 1,000,000.00 07/10/1996 1,000,000.00 96-193 Sanwa Bank - Los Angeles 4.750 07/10/1996 500,000.00 01/11/1996 500,000.00 96-194 Sanwa Bank - Los Angeles 5.000 07/11/1996 1,000,000.00 07/12/1996 1,000,000.00 96-195 Sanwa Bank - Los Angeles 4.938 07/12/1996 2,700,000.00 07/15/1996 2,700,000.00 96-196 Sanwa Bank - Los Angeles 5.000 07/15/1996 4,000,000.00 07/16/1996 4,000,000.00 96-198 Sanwa Bank - Los Angeles 5.000 07/17/1996 4,000,000.00 07/18/1996 4,000,000.00 96-199 Sanwa Bank - Los Angeles 4.938 07/18/1996 4,400,000.00 07/19/1996 4,400,000.00 96-200 Sanwa Bank - Los Angeles 5.000 07/19/1996 2,500,000.00 07/22/1996 2,500,000.00 96-201 Sanwa Bank - Los Angeles 5.000 07/22/1996 3,000,000.00 _ 07/23/1996 3,000,000.00 96-202 Sanwa Bank - Los Angeles 5.000 07/23/1996 3,000,000.00 07/24/1996 3,000,000.00 96-203 Sanwa Bank - Los Angeles 5.000 07/24/1996 3,000,000.00 07/25/1996 3,000,000.00 96-204 Sanwa Bank - Los Angeles 4.875 07/25/1996 1,300,000.00 07/26/1996 1,300,000.00 96-205 Sanwa Bank - Los Angeles 5.000 07/26/1996 1,500,000.00 07/29/1996 1,500,000.00 96-206 Sanwa Bank - Los Angeles 5.000 07/29/1996 5,000,on.00 07/30/1996 5,000,000.00 96-207 Sanwa Bank - Los Angeles 5.000 07/30/1996 5,500,000.00 07/31/1996 5,500,000.00 96-208 Sanwa Bank - Los Angeles 5.000 07/31/1996 4,600,000.00 SUBTOTALS and ENDING BALANCE 63,300,000.00 65,700,000.00 4,600,000.00 08/28/1996 CITY OF HUNTINGTON BEACH PM - 5 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY JULY 1, 1996 - JULY 31, 1996 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT q ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE BANKERS ACCEPTANCES 2767 BANK OF TOKYO 5.540 07/02/1996 973,685.00 2766 DAIICHI KANGYO LA 5.510 07/02/1996 981,939.44 SUBTOTALS and ENDING BALANCE 1,955,624.44 0.00 1,955,624.44 FEDERAL AGENCY ISSUES - COUPON 24,178,806.95 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 982 Laif City 5.587 222,601.93 2206 LAIF-Redevelopment Agency 5.587 164,073.64 6,500,000.00 2703 Orange County Invest Pool -77% 0.0027 2703-A Orange County Invest Pool -23% 0.001 SUBTOTALS and ENDING BALANCE 386,675.57 6,500,000.00 20,398,500.99 TREASURY SECURITIES - DISCOUNT 2768 UNITED STATES TREASURY 5.095 07/29/1996 1,985,281.11 1,985,281.11 MEDIUM TERM NOTES 7,023,632.90 ------------------------------------------------------------------------ TOTALS 67,627,581.12 72,200,000.00 60,141,846.39 ........................................................................ 08/28/1996 PM - 6 CITY OF HUNTINGTON BEACH CITY INVESTMENT ACTIVITY SUMMARY OCTOBER 1995 through JULY 1996 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 95 11 50,787,924.20 5.823 5.903 5.784 21 24 247 117 November 95 11 49,337,924.20 5.849 5.930 5.805 19 19 254 116 December 95 13 59,806,332.53 5.660 5.739 5.748 22 20 214 95 January 96 15 56,287,912.75 5.713 5.792 5.698 24 22 241 ill February 96 19 55,751,056.43 5.625 5.703 5.643 25 21 316 178 March 96 21 54,547,921.18 5.582 5.660 5.557 23 21 347 195 April 96 20 61,818,147.16 5.635 5.714 5.538 24 25 432 298 May 96 24 62,185,031.28 5.762 5.843 5.538 29 25 560 487 June 96 25 64,714,429.65 5.786 5.867 5.548 22 21 604 522 July 96 28 60,141,846.39 5.838 5.920 5.587 24 21 656 551 --------------------------------------------------------------------------------------------------- AVERAGES 19 $ 57,537,852.58 5.727% 5.807% 5.645% 23 22 387 267 . ...... .. ............... ............................. ..................................aa..... 07/26/1996 CITY OF HUNTINGTON BEACH PM - 5 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY JUNE 1, 1996 - JUNE 30, 1996 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT 9 ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE C� ---------------------------------------------------------------------------------------------------------------------------------- BANKERS ACCEPTANCES 2752 BANK OF TOKYO 5.330 06/26/1996 1,970,388.90 .... SUBTOTALS and'ENDING BALANCE 0.00 1,970,388.90 0.00 FEDERAL AGENCY ISSUES - COUPON 2764 Federal Home Loan Mort Corp 7.470 06/18/1996 1,000,000.00 2765 Fed. Nat'l Mort. Assoc. 7.070 06/24/1996 1,000,000.00 SUBTOTALS and ENDING BALANCE 2,000,000.00 0.00 24,177,879.96 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 982 Laif City 5.520 2206 LAIF-Redevelopment Agency 5.520 2703 Orange County Invest Pool -77% 0.001 2703-A Orange County Invest Pool -23% 0.001 SUBTOTALS and ENDING BALANCE 0.00 0.00 26,511,825.42 MEDIUM TERM NOTES 7,024,724.27 ------------------------------------------------------------------------ TOTALS 94,950,000.00 92,420,388.90 64,714,429.65 ••`• - Indicates incomplete recording of maturity redemption.