The URL can be used to link to this page

Home My WebLink About2009 Investment Summary Report Council/Agency Meeting Held: OR 2y�30/'p Deferred/Continued to: '� prove C n itionall proved ❑ De d ity k's Vgnature Council Meeting Date: 2/1/2010 Department ID Number: CT 10-006 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURF�w, ( PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURe ,/ SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S DECEMBER 2009 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) -'Statement of Issue: Review and accept the Monthly Investment Report for December 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for December 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative.Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: Maintain and enhance our financial reserves. Improve internal and external communication. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 211/2010 DEPARTMENT ID NUMBER: CT 10-006 Attachment(s): It -Jefikllt b- ftqp . ® - VIM.111 1. Monthly Investment Report and Summary of Investments for December 2009 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. 1 Supplemental Pension Trust Investments 6. 1 December 2009 PowerPoint Presentation -2- Ill3/2010 8:09 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds, Deferred Compensation, Retiree Medical Trust, and Deferred Compensation Trust Activity for December 2009 City Investment Portfolio: November December Inc./(Dec.) End of month City Portfolio Balance $147,180,004 $162,406,377 $15,226,373 End of Month Market Value $148,538,136 $163,047,531 $14,509,395 End of month General Fund Balance $19,193,439 $25,815,715 $6,622,276 Monthly Effective Rate of Return 1.87% 1.62% -0.25% Average Maturity( in days) 627 599 (28) End of month bank cash balance $1,430,733 $1,044,790 ($385,943) Bond Proceeds Investments:* October November Inc./(Dec.) End of Month Bond Reserve Par Value $13,660,853 $13,169,643 ($491,210) End of Month Bond Reserve Market Value $13,660,853 $13,169,643 ($491,210) Deferred Compensation Investments:** June September Inc./(Dec.) Participant Balances $69,976,764 $76,056,784 $6,080,020 Retiree Medical Trust:** June September Inc./(Dec.) Trust Balance $6,765,415 $7,930,115 $1,164,700 Supplemental Pension Trust: September December Inc./(Dec.) Trust Balance $24,908,665 $25,406,969 $498,304 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $200,000 $207,392 $7,392 Interest Earned Year to Date $600,000 $673,556 $73,556 Earned Interest Yield Year to Date 1.50% 1.79% 0.29% Average Daily Balance $160,000,000 $149,456,011 ($10,543,989) *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. December % of Total Policy Limit to Mat. Rate Federal Agency Issues- Coupon $69,943,104 43% None 1080 2.66% Local Agency Inv. Fund (LAIF) $59,999,071 37% $60 million 1 0.57% Medium Term Notes $27,157,912 17% 20% 799 2.01% Money Market Acct $5,306,290 3% 10% 1 0.05% $162,406,377 100% 599 1.69% NTINGjOy O� o1oeroxarfo City of Huntington Beach City of HB 2000 Main St � y z Portfolio Management Huntington Beach 92�F�UUNTV�P�\�oQ Portfolio Summary December 31, 2009 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 70,000,000.00 70,388,200.00 69,943,103.32 43.07 1,352 1,080 2.621 2.658 Local Agency Investment Funds 59,999,070.84 59,999,070.84 59,999,070.84 36.94 1 1 0.561 0.569 Medium Term Notes 27,000,000.00 27,353,970.00 27,157,912.28 16.72 1,071 799 1.983 2.011 Money Market Acct 5,306,290.22 5,306,290.22 5,306,290.22 3.27 1 1 0.049 0.050 162,305,361.06 163,047,531.06 162,406,376.66 100.00% 762 599 1.670 1.693 Investments Cash and Accrued Interest Accrued Interest at Purchase 5,250.00 5,250.00 Subtotal 5,250.00 5,250.00 Total Cash and Investments 162,305,361.06 163,052,781.06 162,411,626.66 762 599 1.670 1.693 Total Earnings December 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 207,391.99 673,556.32 Current Budget 200,000.00 600,000.00 2,400,000.00 Last Year Actual 545,320.00 1,628,385.00 5,107,095.00 Average Daily Balance 151,113,246.79 149,456,010.50 Effective Rate of Return 1.62% 1.79% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on December 21,2009. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Mar Values provi by Union�BaQk via Interactive Data Corporation. SFiA FREIDENAICH,CPA, CITY TREASURER Reporting period 12101/2009-12/31/2009 Portfolio CITY AP Run Date:01/14/2010-17:35 PM(PRF_PM1)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments December 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331GSB6 3727 Federal Farm Credit Bank 04/09/2009 2,000,000.00 2,009,380.00 2,000,000.00 2.200 AAA 2.200 829 04/09/2012 31331GWQ8 3751 Federal Farm Credit Bank 06/16/2009 2,000,000.00 2,005,000.00 1,981,658.77 1.800 AAA 2.198 871 05/21/2012 31331GL98 3780 Federal Farm Credit Bank 08/26/2009 2,000,000.00 2,009,380.00 2,000,000.00 3.150 AAA 3.150 1,698 08/26/2014 31331GS26 3796 Federal Farm Credit Bank 09/23/2009 2,000,000.00 1,996,260.00 2,000,000.00 2.350 AAA 2.350 1,361 09/23/2013 31331GR92 3797 Federal Farm Credit Bank 09/28/2009 2,000,000.00 2,001,880.00 2,000,000.00 1.850 AAA 1.850 1,001 09/28/2012 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,055,000.00 2,000,000.00 5.600 AAA 5.600 931 07/20/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,002,500.00 2,000,000.00 4.200 AAA 4.200 1,110 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,005,000.00 2,000,000.00 4.150 AAA 4.150 1,124 01/29/2013 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,047,500.00 2,000,000.00 4.150 AAA 4.150 1,355 09/17/2013 3133XTZ25 3756 Federal Home Loan Bank 06/22/2009 2,000,000.00 2,000,620.00 2,000,000.00 0.500 AAA 0.500 264 09/22/2010 3133XUNE9 3785 Federal Home Loan Bank 08/26/2009 2,000,000.00 2,018,120.00 2,000,000.00 2.750 AAA 2.750 1,326 08/19/2013 3133XUTD5 3795 Federal Home Loan Bank 09/24/2009 2,000,000.00 2.000,000.00 2,000,000.00 2.000 AAA 2.000 997 09/24/2012 3133XVHT1 3800 Federal Home Loan Bank 11/10/2009 2,000,000.00 1,990,000.00 2,000,000.00 1.750 AAA 1.750 952 08/10/2012 3133XVHP9 3801 Federal Home Loan Bank 11/16/2009 2,000,000.00 1,993,120.00 2,000,000.00 1.250 AAA 1.250 1,050 11/16/2012 3133XW2N8 3806 Federal Home Loan Bank 12/11/2009 2,000,000.00 1,990,000.00 2,000,000.00 0.750 AAA 0.750 1,075 12/11/2012 3133XVYN5 3807 Federal Home Loan Bank 12/18/2009 2,000,000.00 1,985,000.00 2,000,000.00 1.000 AAA 2.787 1,812 12/18/2014 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,044,820.00 1,998,986.67 3.375 AAA 3.438 308 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,059,960.00 1,994,407.24 3.250 AAA 3.480 468 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,022,460.00 2,000,000.00 3.250 AAA 3.250 511 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,049,860.00 1,984,151.31 3.700 AAA 4.002 1,057 11/23/2012 3128X8TZ5 3725 Federal Home Loan Mort Corp 04/08/2009 2,000,000.00 2,009,440.00 2,000,000.00 2.500 AAA 2.500 1,193 04/08/2013 3128X8XB3 3729 Federal Home Loan Mort Corp 04/22/2009 2,000,000.00 2,008,460.00 2,000,000.00 1.000 AAA 1.100 1,572 04/22/2014 3128X8XV9 3730 Federal Home Loan Mort Corp 04/27/2009 2,000,000.00 2,007,540.00 2,000,000.00 1.750 AAA 1.750 572 07/27/2011 3128X8S29 3754 Federal Home Loan Mort Corp 06/30/2009 2,000,000.00 2,019,720.00 2,000,000.00 3.000 AAA 3.000 1,641 06/30/2014 3128X9DS6 3786 Federal Home Loan Mort Corp 09/15/2009 2,000,000.00 2,005,920.00 2,000,000.00 3.500 AAA 3.500 1,718 09/15/2014 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000.000.00 2,018,120.00 1,999,512.50 3.050 AAA 3.128 117 04/28/2010 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,075,620.00 1,998,668.89 4.000 AAA 4.022 1,214 04/29/2013 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000,000.00 2,014,380.00 2,000,000.00 2.000 AAA 2.000 756 01/27/2012 3136FH7H2 3781 Fed.Nat'l Mort.Assoc. 08/24/2009 2,000,000.00 2,003,760.00 2,000,000.00 1.800 AAA 1.800 784 02/24/2012 3136FJBM2 3788 Fed.Nat'l Mort.Assoc. 09/15/2009 2,000,000.00 2,005,000.00 2,000,000.00 3.000 AAA 3.000 1,718 09/15/2014 3136FJCJ8 3794 Fed.Nat'l Mort.Assoc. 09/17/2009 2,000,000.00 1,991,880.00 2,000,000.00 2.070 AAA 2.070 1,081 12/17/2012 3136FJQF1 3803 Fed.Nat'l Mort.Assoc. 11/05/2009 2,000,000.00 1,997,500.00 2,000,000.00 1.150 AAA 2.924 1,404 11/05/2013 3136FJZYO 3808 Fed.Nat'l Mort.Assoc. 12/28/2009 2,000,000.00 1,983,120.00 2,000,000.00 1,500 AAA 1.500 1,001 09/28/2012 31398AB76 3809 Fed.Nat'l Mort.Assoc. 12/28/2009 2,000,000.00 1,983,120.00 1,995,512.50 1,750 AAA 1.827 1,092 12/28/2012 31398AS84 3810 Fed.Nat'l Mort.Assoc. 12/30/2009 2,000,000.00 1,978,760.00 1,990.205.44 3.000 AAA 3.107 1,824 12/30/2014 Subtotal and Average 65,637,813.91 70,000,000.00 70,388,200.00 69,943,103.32 2.658 1,080 Portfolio CITY AP Run Date.01/14/2010-17:35 PM(PRF_PM2)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments December 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Local Agency Investment Funds SYS982 982 Laif City 29,999,070.84 29,999,070.84 29,999,070.84 0.569 NR 0.569 1 SYS2206 2206 LAI F-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 0.569 NR 0.569 1 Subtotal and Average 53,628,103.10 59,999,070.84 59,999,070.84 59,999,070.84 0.569 1 Medium Term Notes 06050BAJO 3734 Bank of America FDIC Insured 04/30/2009 2,000,000.00 2,037,880.00 2,026,100.32 2.375 Aaa 1.830 903 06/22/2012 084664AFS 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,070,560.00 1,985,863.75 4.200 Aa 5.023 348 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,016,260.00 1,995,969.98 2.000 Aaa 2.093 819 03/30/2012 17313YA137 3739 Citigroup FDIC Insured 05/05/2009 2,000,000.00 2,012,780.00 1,999,610.11 1.375 Aaa 1.390 489 05/05/2011 369671-1662 3805 GE Capital FDIC Insured 11/03/2009 2,000,000.00 2,002,580.00 2,014,904.17 2.000 Aaa 1.720 1,001 09/28/2012 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,028,980.00 2,023,454.07 2.250 Aaa 1.701 801 03/12/2012 36967HAHO 3735 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,028,040.00 2,016,488.86 2.200 Aaa 1.850 889 06/08/2012 36186CBF9 3763 GMAC FDIC Insured 06/30/2009 2,000.000.00 2,012,260.00 1,990,901.91 2.200 Aaa 2.361 1,083 12/19/2012 36185JAA7 3804 GMAC FDIC Insured 11/03/2009 2,000,000.00 1,986,980.00 1,998,145.55 1.750 Aaa 1.784 1,033 10/30/2012 38146FAF8 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000,000.00 2,017,880.00 2,005,262.31 1.625 Aaa 1.450 560 07/15/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000,000.00 2,027,800.00 2,020,445.94 2.200 Aaa 1.770 896 06/15/2012 49328CAA3 3770 Key Bank FDIC Insured 06/30/2009 2,000,000.00 2,075,960.00 2,056,924.62 3.200 Aaa 2.000 896 06/15/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000.00 2,030,780.00 2,020,618.35 2.000 Aaa 1.390 629 09/22/2011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 1,005,230.00 1,003,222.34 1.800 Aaa 1.660 865 05/15/2012 Subtotal and Average 27,160,292.26 27,000,000.00 27,353,970.00 27,157,912.28 2.011 799 Money Market Acct SYS3802 3802 Union Bank-US Gov't MMF 10/22/2009 5,306,290.22 5,306,290.22 5,306,290.22 0.050 Aaa 0.050 1 SYS3789 3789 Union Bank-US Trea MMF 0.00 0.00 0.00 0.020 Aaa 0.020 1 Subtotal and Average 4,687,037.52 5,306,290.22 5,306,290.22 5,306,290.22 0.050 1 Total and Average 151,113,246.79 162,305,361.06 163,047,531.06 162,406,376.66 1.693 599 Portfolio CITY AP Run Date:01/14/2010-17:35 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Cash December 31, 2009 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 5,250.00 5,250.00 0 Subtotal 5,250.00 5,250.00 Total Cash and Investments 151,113,246.79 162,305,361.06 163,052,781.06 162,411,626.66 1.693 599 Portfolio CITY AP Run Data 01/14/2010-17:35 PM(PRF_PM2)SymRept 6.42 City of Fib Portfolio Management Page 5 Activity By Type December 1, 2009 through December 31, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331GGQ6 3799 Federal Farm Credit Bank 3.000 12/15/2009 0.00 2,011,024.44 3133XNPTO 3588 Federal Home Loan Bank 4.500 12/17/2009 0.00 2,000,000.00 3133XW2N8 3806 Federal Home Loan Bank 0.750 12/11/2009 2,000,000.00 0.00 3133XVYN5 3807 Federal Home Loan Bank 1.000 12/18/2009 2,000,000.00 0.00 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 4.600 12/14/2009 0.00 2,000,000.00 3136FJZYO 3808 Fed.Nat'l Mort.Assoc. 1.500 12/28/2009 2,000,000.00 0.00 31398AB76 3809 Fed.Nat'l Mort.Assoc. 1.750 12/28/2009 1,995,500.00 0.00 31398AB84 3810 Fed.Nat'l Mort.Assoc. 3.000 12/30/2009 1,990,200.00 0.00 Subtotal 9,985,700.00 6,011,024.44 69,943,103.32 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.569 19,800,000.00 11,000,000.00 Subtotal 19,800,000.00 11,000,000.00 59,999,070.84 Medium Term Notes Subtotal 27,157,912.28 Money Market Acct (Monthly Summary) SYS3802 3802 Union Bank-US Gov't MMF 0.050 15,056,265.03 12,601,000.00 Subtotal 15,056,265.03 12,601,000.00 5,306,290.22 Total 44,841,965.03 29,612,024.44 162,406,376.66 Portfolio CITY AP Run Date:01/14/2010-17:35 PM(PRF_PM3)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 6 Activity Summary December 2008 through December 2009 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity December 2008 77 200,279,167.62 3.040 3.082 2.355 12 7 638 487 January 2009 79 209,134,703.76 2.811 2.850 2.046 8 6 628 466 February 2009 74 207,184,404.24 2.676 2.713 1.869 1 6 585 417 March 2009 73 199,977,655.16 2.626 2.663 1.822 4 5 597 414 April 2009 83 203,124,393.45 2.393 2.427 1.607 14 4 637 457 May 2009 80 228,319,866.33 2.313 2.345 1.530 5 8 596 406 June 2009 77 221,774,096.95 2.109 2.138 1.377 27 30 590 414 July 2009 63 206,333,931.37 2.075 2.104 1.035 4 18 635 435 August 2009 53 185,785,442.19 1.748 1.772 0.925 16 26 616 451 September 2009 50 173,226,879.22 1.902 1.929 0.750 9 12 762 594 October 2009 49 150,346,976.41 1.888 1.914 0.646 1 2 788 600 November 2009 51 146,822,868.24 1.824 1.849 0.611 5 3 809 627 December 2009 53 151,113,246.79 1.670 1.693 0.569 5 3 762 599 Average 66 190,958,664.48 2.236% 2.268% 1.319 9 10 665 490 Portfolio CITY AP Run Date:01/14/2010-17:35 PM(PRF_PM4)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 7 Distribution of Investments By Type December 2008 through December 2009 December January February March April May June July August September October November December Average Security Type 2008 2009 2009 2009 2009 2009 2009 2009 2009 2009 2009 2009 2009 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 58.4 57.3 56.2 54.9 52.4 48.6 49.3 45.1 37.5 44.1 44.1 44.8 43.1 48.9% Local Agency Investment Funds 28.6 26.9 29.4 29.6 22.6 26.7 27.1 31.2 31.1 38.9 38.5 34.8 36.9 30.9% Treasury Securities-Coupon 2.9 2.9 3.0 3.0 2.7 2.7 2.7 3.1 1.8% Medium Term Notes 0.9 0.9 1.0 2.0 7.3 8.5 10.5 12.1 12.7 15.0 15.7 18.5 16.7 9.4% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 8.1 10.9 9.3 9.4 9.5 8.0 6.8 3.3 5.0% Federal Agency Disc.-Amortizing 1.1 1.1 1.2 1.2 5.6 5.5 3.8 7.9 15.4 3.3% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Money Market Acct 0.5 2.0 1.8 1.9 3.3 0.7% Rolling Repurchase Agreements Portfolio CITY AP Run Date:01/14/2010-17:35 PM(PRF_PM5)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 8 Interest Earnings Summary December 31, 2009 December 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 304,755.55 764,077.61 Plus Accrued Interest at End of Period 519,280.82 519,280.82 Less Accrued Interest at Beginning of Period ( 628,166.98) ( 662,384.47) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 195,869.39 620,973.96 Adjusted by Premiums and Discounts -3,568.32 -12,836.67 Adjusted by Capital Gains or Losses -11,024.44 -18,331.21 Earnings during Periods 181,276.63 589,806.08 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 102.82 134,940.40 Plus Accrued Interest at End of Period 85,655.47 85,655.47 Less Accrued Interest at Beginning of Period ( 59,642.93) ( 136,845.63) Interest Earned during Period 26,115.36 83,750.24 Total Interest Earned during Period 221,984.75 704,724.20 Total Adjustments from Premiums and Discounts -3,568.32 -12,836.67 Total Capital Gains or Losses 11,024.44 -18,331.21 Total Earnings during Period 207,391.99 673,556.32 Portfolio CITY AP Run Date:01/14/2010-17:35 PM(PRF_PM6)SyrnRept 6.42 Report Ver.5.00 Statement of Cash Receipts and Disbursements and Summary of Cash by Fund Office of the City Treasurer December 2009 Cash Receipts and Disbursements November 2009 December 2009 Receipts Property Tax Receipts 4,024,685 26,350,344 Utility Tax Receipts •(UUT) 1,731,601 1,731,601 Sales Tax Receipts 1,497,700 1,915,762 1/2 Cent Safety Sales Tax Receipts 127,268 147,481 Highway Users Tax Receipts (HUT) 0 (1) 0 (1) Transient Occupancy Tax Receipts (TOT) 411,281 291,335 All Other Receipts 14,580,439 15,376,627 Subtotal Receipts 22,372,974 45,813,150 Disbursements Other Disbursements (23,412,519) (27,040,490) Net Change in Cash Flow (1,039,545) 18,772,660 Summary of Cash by Fund November 2009 December 2009 General Fund 19,193,439 25,815,715 Government Funds 944,573 959,075 Capital Funds 16,302,765 17,167,600 Debt Service Funds 2,324,996 10,251,679 Enterprise Funds 93,366,750 93,210,302 Fiduciary Funds 567,686 683,540 Special Revenue Funds 15,054,235 15,047,101 147,754,444 163,135,012 (1) The State of California is deferring HUT receipts from November to March until April 2010. *Total cash will differ from investment portfolio total due to outstanding checks and/or other timing Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts&Disbursements.xls December 2009 State of California Pooled Money Investment Account Market Valuation 12/31/2009 Carrying Cost Plus bescri tion >ccrued lnterest.Purch Amortized Cost,,.. - Fair Value Accrued Inter, p ., . United States Treasury: Bills $ 18,180,532,754.95 $ 18,202,021,798.70 $ 18,210,321,950.00 NA Notes $ 6,963,540,150.24 $ 6,962,514,433.06 $ 6,967,024,000.00 $ 8,938,953.83 Federal Agency: SBA $ 555,758,748.19 $ 555,749,180.58 $ 546,479,189.67 $ 594,632.84 MBS-REMICs $ 891,287,839.18 $ 891,287,839.18 $ 933,016,165.51 $ 4,235,617.00 Debentures $ 1,610,214,125.73 $ 1,610,214,125.73 $ 1,622,739,980.00 $ 543,017,884.38 Debentures FR $ 1,939,948,015.82 $ 1,939,948,015.82 $ 1,940,239,500.00 $ 281,822.80 Discount Notes $ 8,312,516,085.84 $ 8,319,293,088.71 $ 8,324,225,500.00 NA FHLMC PC $ - $ - $ - $ - GNMA $ 105,784.31 $ 105,784.31 $ 117,914.35 $ 1,042.17 IBRD Deb FR $ 300,000,000.00 $ 300,000,000.00 $ 300,456,000.00 $ 283,181.08 CDs and YCDs FR $ $ - $ - $ - Bank Notes $ - $ - $ - $ CDs and YCDs $ 6,465,063,285.92 $ 6,465,053,952.59 $ 6,465,264,691.25 $ 1,833,418.04 Commercial Paper $ 5,046,651,763.39 $ 5,048,166,933.93 $ 5,048,376,783.63 NA Corporate: Bonds FR $ 188,887,715.04 $ 188,887,715.04 $ 188,680,551.28 $ 69,149.73 Bonds $ - $ - $ - $ - Repurchase Agreements $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 4,375,800,000.00 $ 4,375,800,000.00 $ 4,375,800,000.00 NA NOW Account $ - $ - $ - NA AB 55&GF Loans $ 12,346,812,173.81 $ 12,346,812,173.81 $ 12,346,812,173.81 NA TOTAL $ 67,177,118,442.42 1 $ 67,205,855,041.47 $ 67,269,554,399.50 $ 559,255,701.87 Fair Value Including Accrued Interest $ 67,828,810,101.37 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost(1.000947825). As an example: if an agency has an account balance of$20,000,000.00, then the agency would report its participation in the LAIF valued at$20,018,956.49 or$20,000,000.00 x 1.000947825. ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of November 30, 2009 Summary of investments by type Market Value Market Value Par Value Investment Type as of 10/31/09 as of 11/30/09 $3,602,131 Local Agency Investment Fund (LAIF) $3,602,140 $3,602,131 $0 Federal Agency Issues $0 $0 $6,797,204 Investment Agreements $6,797,204 $6,797,204 $2,770,308 Money Market Funds $3,261,509 $2,770,308 $0 US Treasury Securities $0 $0 $13,169,643 $13,660,853 $13,169,643 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 10/31/09 as of 11/30/09 $1,159 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $1,159 $1,159 $2,199,774 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,199,773 $2,199,774 $1,649,396 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $2,140,825 $1,649,396 $508,368 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $508,369 $508,368 $2,043,349 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,347 $2,043,349 $2,621,342 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,621,231 $2,621,342 $1,260,385 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,260,332 $1,260,385 $172,794 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $172,794 $172,794 $1,394,314 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,394,255 $1,394,314 $758,446 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $758,452 $758,446 $560,316 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $560,316 $560,316 $0 City of Huntington Beach- Multi-Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $0 $0 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $13,169,643 $13,660,853 $13,169,643 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2009 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (6-30-09) (9-30-09) ICMA Retirement Corporation (457 Plan) $23,466,863 $634,209 ($387,899) $2,018,497 ($741) $25,730,929 ICMA Retirement Corporation (401 Plan) $892,470 $22,628 $0 $67,964 $0 $983,062 !Nationwide Retirement Solutions (457 Plan)* $47,486,774 $653,985 ($515,867) $3,587,644 ($400) $51,212,136 Total Deferred Compensation Plan Balances $69,976,764 $1,310,822 ($903,766) $5,674,105 ($1,141) $76,056,784 ATTAC H M E N T #4 City of Huntington Beach Supplemental Pension Trust Information as of December 31, 2009 Beginning Balance Contributions/ Distributions/ Earnings Other Ending (9-30-09) Dividends Transfers (change in value) Balance (12-31-09) Supplemental Pension Trust Account $24,908,665 $200,722 $297,631 ($49) $25,406,969 ATTACHMENT #5 City of Huntington Beach Retiree Medical Trust Information as of September 30, 2009 Beginning Balance Contributions Distributions/ Earnings Other Ending (6-30-09) Transfers (change in value) Balance (9-30-09) CalPERS Retiree Medical Trust Account $6,765,415 $1,165,277 ($577) $7,930,115 ATTACHMENT #6 T'reasurer's Report - Shari L. Freidenrich, CPA, CCIVI�°, CPFA, CPFIM DECEMBER TREASURER'S PO T -w, C Shari Le Freidenrich , CPA, CCMT9 CPFA, CPFIM February 1 , 2010 Slide 1 Treasurer's Report Shari L. Freidenrich, CPA, CCMT, C F , C FI Investment Balance Trends Portfolio Balances by Type $1 $21 2 $ 1 222 $1 2 0% US Treas 60% - a ed Notes .i(.iii.4, � (�ai yi•L,v4 yi:,i '�I��i I �_i r pp"°., ,... :: � �19 u�'n�.� .�.pait 6® / : LA IF Iwo jgii r L �Huc.i iiQkP'II'm � nPY w. ) .. Fe o 0®�® !h I�IN � ® Money ©ey 19 k 2 /® 0% ri Dec-0 Dec- 6 Dec- 7 Dec-06 Jun-0Dec- 9 Slide 2 Treasurer's Report ® Shan L. Freidenrsch, CPA, CC MT, CPFA, CPFIM Investment Percentages y Type of 9nvestment Federal Agencies 43% Money Mrkt 3% ° Medium Term hi a� Y: i J aiPirrIii � ni: iurdkGl' ii q Notes Jl iip) J�a�N �'� � iia'� 'J nnui I r iIT 1 /y% e SII LAW 37% Slide Treasurer's Report o Sham L. Freidenrich, CPA, CC MT, CPFA, CPFI L Im q-,-m u i d Im ty Investment Maturities by Days, Ending December 2009/2 1 % ® 1 Day -10 Days 0®/® % ®5 ® 1 Yr. 1 m 10 Yro % 13®/� 1a ® 2Yr. 0 2 - 3 Yr. 2 % a 70 5 1 ®/®/® ® 4 Yr. 10% 4 Yr. m , MN � u 1 % 5% 13% 10% 1 % 4% 9% 8% 2008 2009 Slide 4 Treasurer's Report - Shari L. Freidenrich, CPA, CC MT, CPFA, CPFIM All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $2590009000 $1795009000 $1590009000 5 000 000 'AM AM ($590009000) $190009000) .n ($490009000) ($119000,000) ($590009000) ($1 ,000,00 ) ($10,000,000) ($29 000, 00) tt �� . a Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 4 -.,,q:iiii •:. -7;-., ' s.,w+....=' !. .;�„„ ..;..'r£ •' ,a: _ � i .,itii ,i: ri ig ill i��.•"a"''i' y:: ii,r `.�•i ryii IN w � men , �s� ni' Slide 5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM I nvestment Yields Trends be In, 4y MMA III b " J"I"itl W2 5.00% 4.10% 4.00% --- -, 359% 3.21% 2 3.00% .76% AM7 2.14% .. ............ ......... 1 ,62% .. ....... 2.00% WOM EF� ik- N 7w 95 F 1 .00% MERU , 0.00% Mar-08 Jun-08 Dec-08 Mar-09 Jun-09 Dec-09 Slide 6 Treasurer's Report s Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Summary of Investment by City Fund $93,000,000 $10,0009000 N-"F!"4 $17000000 � p " "� .:� v"� �� " �� •tip � ai�i�p�, iil��'��k��'�a �II��i iili��:��4 �oi F g+ $19 0009 000 ,g �' r� {,��I��t i i�'•I!'��i �'�i�i `� Pi .��; � ! �p�� :!�IiIIa�!�� li *riG�i '�il��q x $26,000,000 d! ' i VIA err, $15,000,000 $1,000,000 Slide 7 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Summarx/ • Recommendation to City Council Slide 8 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's December 2009 Investment Summary Report COUNCIL MEETING DATE: February 1, 2010 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Ap l!cable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable I XPLANAMN FOR MIS NG ATTACHKENTSS REVIEWEP WeLrOvRETURNED FORWARDED Administrative Staff ( ) ( ) Deputy City Administrator (Initi I) H j ) City Administrator Initial City Clerk ADMI ( ) EXPLANATION FOR RETURN OF ITEM: fflelowlFor RCA Author: SLF CITY OF HUNTINGTON BEACH INTERDEPARTMENTAL COMMUNICATION DEB.J1.1909.P� e � OFFICE OF THE CITY TREASURER 0 'vWUU TO: Joan L. Flynn, City Clerk VIA: Shari L. Freidenrich, City Treasu(e4'60" DATE: February 1, 2010 SUBJECT: LATE COMMUNICATION AGENDA ITEM 2, FEB 1, 2010 COUNCIL MEETING The Summary of City Investments Portfolio at 2-5 contains an incorrect number. I have attached the corrected page. SLF/sf Attachment City of Huntington Beach Summary of City Investment Portfolio Bond Proceeds, Deferred Compensation, Retiree Medical Trust, and Deferred Compen/.. tActivity for December 2009 City Investment Portfolio: November December End of month City Portfolio Balance $147,180,004 $162,40 ,377 $15,226,373 End of Month Market Value $148,538,136 $163,947,531 $14,509,395 End of month General Fund Balance $19,193,439 $2 ,815,715 $6,622,276 Monthly Effective Rate of Return 1.87% 1.62% -0.25% Average Maturity ( in days) 627 599 (28) End of month bank cash balance $1,430,733 $1,044,790 ($385,943) Bond Proceeds Investments:* October November Inc./(Dec.) End of Month Bond Reserve Par Value $13,660,85 $13,169,643 ($491,210) End of Month Bond Reserve Market Value $13,66 e 0,8 3 $13,169,643 ($491,210) Deferred Compensation Investments:** Jun September Inc./(Dec.) Participant Balances $69, 76,764 $76,056,784 $6,080,020 Retiree Medical Trust:** une September Inc./(Dec.) Trust Balance $6,765,415 $7,930,115 $1,164,700 Supplemental Pension Trust: September December Inc./(Dec.) Trust Balance $24,908,665 $25,406,969 $498,304 Comparison to Budget/ City Portfolio: /bymore Budget Actual Inc./(Dec.) Interest Earned for Month $200,000 $207,392 $7,392 Interest Earned Year to Date $600,000 $673,556 $73,556 Earned Interest Yield Year to Date 1.50% 1.79% 0.29% Average Daily Balance $160,000,000 $149,456,011 ($10,543,989) *Bond Proceeds Statements are issued monthly and man one month. **Deferred Compensation and Medical Retiree State ents are issued quarterly. Summary by Individual Investment in ity Investment Portfolio: Days YTM Int. December % of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupo $69,943,104 43% None 1080 2.66% Local Agency Inv. Fund (LAIF $59,999,071 37% $60 million 1 0.57% Medium Term Notes $27,157,912 17% 20% 799 2.01% Money Market Acct $5,306,290 3% 10% 1 0.50% $162,406,377 100% 599 1.69% I Council/Agency Meeting Held: /— ,19 oZ0/0 Deferred/Continued to: -*A proved Conditional) A�roved ❑ Denied y er s Sign e TO Council Meeting Date: 1/19/2010 Department ID Number: CT 10-005 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBER r SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S NOVEMBER 2009 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for November 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for November 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: Maintain and enhance our financial reserves. Improve internal and external communication. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 1/19/2010 DEPARTMENT ID NUMBER: CT 10-005 Attachment(s): 'Page e - a ® - ption 1. Monthly Investment Report and Summary of Investments for November 2009 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. Supplemental Pension Trust Investments 6. November 2009 PowerPoint Presentation -2- 1/5/2010 9:11 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for November 2009 City Investment Portfolio: October November Inc./(Dec.) End of month City Portfolio Balance $147,576,479 $147,180,004 ($396,475) End of Month Market Value $148,661,927 $148,538,136 ($123,791) End of month General Fund Balance $17,772,816 $19,193,439 $1,420,623 Monthly Effective Rate of Return 1.88% 1.87% -0.01% Average Maturity ( in days) 600 627 27 End of month bank cash balance $1,300,240 $1,430,733 $130,493 Bond Proceeds Investments:* September October Inc./(Dec.) End of Month Bond Reserve Par Value $13,302,264 $13,660,853 $358,589 End of Month Bond Reserve Market Value $13,302,264 $13,660,853 $358,589 Deferred Compensation Investments:** June September Inc./(Dec.) Participant Balances $69,976,764 $76,056,784 $6,080,020 Retiree Medical Trust:** June September Inc./(Dec.) Trust Balance $6,765,415 $7,930,115 $1,164,700 Supplemental Pension Trust:*** June September Inc./(Dec.) Trust Balance $0 $24,908,665 $24,908,665 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $200,000 $226,100 $26,100 Interest Earned Year to Date $400,000 $466,164 $66,164 Earned Interest Yield Year to Date 1.50% 1.88% 0.38% Average Daily Balance $160,000,000 $148,613,808 ($11,386,192) *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. ***Funds Transferred from City to Trust in September Summary by Individual Investment in City Investment Portfolio: Days YTM Int. November % of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $65,966,907 45% None 1057 2.82% Local Agency Inv. Fund (LAIF) $51,199,071 35% $60 million 1 0.61% Medium Term Notes $27,163,001 18% 20% 830 2.01% Money Market Acct $2,851,025 2% 10% 1 0.05% $147,180,004 100% 627 1.85% NTI NGT�� F9 City of Huntington Beach City of HB 2000 Main St a � ��_ s Portfolio Management Huntington Beach Portfolio Summary ��UNTV CP November 30, 2009 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 66,000,000.00 66,835,780.00 65,966,907.36 44.82 1,362 1,057 2.782 2.821 Local Agency Investment Funds 51,199,070.84 51,199,070.84 51,199,070.84 34.79 1 1 0.603 0.611 Medium Term Notes 27,000,000.00 27,652,260.00 27,163,001.00 18.46 1,071 830 1.983 2.011 Money Market Acct 2,851,025.19 2,851,025.19 2,851,025.19 1.94 1 1 0.049 0.050 147,050,096.03 148,538,136.03 147,180,004.39 100.00% 809 627 1.824 1.849 Investments Cash and Accrued Interest Accrued Interest at Purchase 26,938.89 26,938.89 Subtotal 26,938.89 26,938.89 Total Cash and Investments 147,050,096.03 148,565,074.92 147,206,943.28 809 627 1.824 1.849 Total Earnings November 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 226,100.24 466,164.39 Current Budget 200,000.00 400,000.00 2,400,000.00 Last Year Actual 524,584.00 1,083,065.00 5,107,095.00 Average Daily Balance 146,822,868.24 148,613,808.46 Effective Rate of Return 1.87% 1.88% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on December 15,2008. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Interactive Data Corporation. ! 2-» 2.3 -0Cl SH L. FRET NRICH,CPA,CITY TREASURER Reporting period 11/01/2009-11/30/2009 Portfolio CITY AP Run Date:12/10/2009-15.44 PM(PRF_PM1)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments November 30, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331GSB6 3727 Federal Farm Credit Bank 04/09/2009 2,000,000.00 2,012,500.00 2,000,000.00 2.200 AAA 2.200 860 04/09/2012 31331GWQ8 3751 Federal Farm Credit Bank 06/16/2009 2,000,000.00 2,011,880.00 1,981,018.96 1.800 AAA 2.198 902 05/21/2012 31331GL98 3780 Federal Farm Credit Bank 08/26/2009 2,000,000.00 2,036,880.00 2,000,000.00 3.150 AAA 3.150 1,729 08/26/2014 31331GS26 3796 Federal Farm Credit Bank 09/23/2009 2,000,000.00 2,024,380.00 2,000,000.00 2.350 AAA 2.350 1,392 09/23/2013 31331GR92 3797 Federal Farm Credit Bank 09/28/2009 2,000,000.00 2,018,120.00 2,000,000.00 1.850 AAA 1.850 1,032 09/28/2012 31331GGQ6 3799 Federal Farm Credit Bank 09/23/2009 2,000,000.00 2,001,880.00 2,011,238.80 3.000 AAA 2.713 744 12/15/2011 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,065,000.00 2,000,000.00 5.600 AAA 5.600 962 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,003,760.00 2,000,000.00 4.500 AAA 4.500 1,112 12/17/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,009,380.00 2,000,000.00 4.200 AAA 4.200 1,141 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,012,500.00 2,000,000.00 4.150 AAA 4.150 1,155 01/29/2013 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000,00 2,057.500.00 2,000,000.00 4.150 AAA 4.150 1,386 09/17/2013 3133XTZ25 3756 Federal Home Loan Bank 06/22/2009 2,000,000.00 2,001,260.00 2,000,000.00 0.500 AAA 0.500 295 09/22/2010 3133XUNE9 3785 Federal Home Loan Bank 08/26/2009 2,000,000.00 2,050,000.00 2,000,000.00 2.750 AAA 2.750 1,357 08/19/2013 3133XUTD5 3795 Federal Home Loan Bank 09/24/2009 2,000,000.00 2,008,760.00 2,000,000.00 2.000 AAA 2.000 1,028 09/24/2012 3133XVHT1 3800 Federal Home Loan Bank 11/10/2009 2,000,000.00 2,010,620.00 2,000,000.00 1.750 AAA 1.750 983 08/10/2012 3133XVHP9 3801 Federal Home Loan Bank 11/16/2009 2,000,000.00 2,006,260.00 2.000,000.00 1.250 AAA 1.250 1,081 11/16/2012 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,052,700.00 1,998,886.67 3.375 AAA 3.438 339 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,072,760.00 1,994,044.86 3.250 AAA 3.480 499 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,028,620.00 2,000,000.00 3.250 AAA 3.250 542 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,058,800.00 1,983,695.01 3.700 AAA 4.002 1,088 11/23/2012 3128X8TZ5 3725 Federal Home Loan Mort Corp 04/08/2009 2,000,000.00 2,035,360.00 2,000,000.00 2.500 AAA 2.500 1,224 04/08/2013 3128X8XB3 3729 Federal Home Loan Mort Corp 04/22/2009 2,000,000.00 2,014,120.00 2,000,000.00 1.000 AAA 1.100 1,603 04/22/2014 3128X8XV9 3730 Federal Home Loan Mort Corp 04/27/2009 2,000,000.00 2,010,620.00 2,000,000.00 1.750 AAA 1.750 603 07/27/2011 3128X8S29 3754 Federal Home Loan Mort Corp 06/30/2009 2,000,000.00 2,030,100.00 2,000,000.00 3.000 AAA 3.000 1,672 06/30/2014 3128X9DS6 3786 Federal Home Loan Mort Corp 09/15/2009 2,000,000.00 2,016,400.00 2,000,000.00 3.500 AAA 3.500 1,749 09/15/2014 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,002,500.00 2,000,000.00 4.600 AAA 4.600 1,109 12/14/2012 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 2,023,120.00 1,999,387.50 3.050 AAA 3.128 148 04/28/2010 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,093,120.00 1,998,635.56 4.000 AAA 4.022 1,245 04/29/2013 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000,000.00 2,018,760.00 2,000,000.00 2.000 AAA 2.000 787 01/27/2012 3136FH7H2 3781 Fed.Nat'l Mort.Assoc. 08/24/2009 2,000,000.00 2,005,620.00 2,000,000.00 1.800 AAA 1.800 815 02/24/2012 3136FJBM2 3788 Fed.Nat'l Mort.Assoc. 09/15/2009 2,000,000.00 2,015,620.00 2,000,000.00 3.000 AAA 3.000 1,749 09/15/2014 3136FJCJ8 3794 Fed.Nat'l Mort.Assoc. 09/17/2009 2,000,000.00 2,017,500.00 2,000,000.00 2.070 AAA 2.064 1,112 12/17/2012 3136FJQF1 3803 Fed.Nat'l Mort.Assoc. 11/05/2009 2,000,000.00 2,009,380.00 2,000,000.00 1.150 AAA 1.150 1,435 11/05/2013 Subtotal and Average 67,532,435.12 66,000,000.00 66,835,780.00 65,966,907.36 2.821 1,057 Portfolio CITY AP Run Date:12/10/2009-15:44 PM(PRF_PM2)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments November 30, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Local Agency Investment Funds SYS982 982 Laif City 21,199,070.84 21,199,070.84 21,199,070.84 0.611 NR 0.611 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 0.611 NR 0,611 1 Subtotal and Average 49,889,070.84 51,199,070.84 51,199,070.84 51,199,070.84 0.611 1 Medium Term Notes 06050BAJO 3734 Bank of America FDIC Insured 04/30/2009 2,000,000.00 2,063,820.00 2,026,979.12 2.375 Aaa 1.830 934 06/22/2012 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,075,000.00 1,984,630.94 4.200 Aa 5.023 379 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,038,000.00 1,995,820.54 2.000 Aaa 2.093 850 03/30/2012 17313YAB7 3739 Citigroup FDIC Insured 05/05/2009 2,000,000.00 2,021,640.00 1,999,585.94 1.375 Aaa 1.390 520 05/05/2011 36967HBB2 3805 GE Capital FDIC Insured 11/03/2009 2,000,000.00 2,036,740.00 2,015,357.19 2.000 Aaa 1.720 1,032 09/28/2012 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,051,320.00 2,024,343.60 2.250 Aaa 1.701 832 03/12/2012 36967HAHO 3735 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,049,280.00 2,017,052.90 2.200 Aaa 1.850 920 06/08/2012 36186CBF9 3763 GMAC FDIC Insured 06/30/2009 2,000,000.00 2,046,140.00 1,990,646.34 2.200 Aaa 2.361 1,114 12/19/2012 36185JAA7 3804 GMAC FDIC Insured 11/03/2009 2,000,000.00 2,020,860.00 1,998,090.96 1.750 Aaa 1.784 1,064 10/30/2012 38146FAF8 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000,000.00 2,029,260.00 2,005,547.27 1.625 Aaa 1.450 591 07/15/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000,000.00 2,053,660.00 2,021,139.80 2.200 Aaa 1.770 927 06/15/2012 49328CAA3 3770 Key Bank FDIC Insured 06/30/2009 2,000,000.00 2,103,980.00 2,058,856.45 3.200 Aaa 2.000 927 06/15/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000.00 2,045,360.00 2,021,614.41 2.000 Aaa 1.390 660 09/22/2011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 1,017,200.00 1,003,335.54 1.800 Aaa 1.660 896 05/15/2012 Subtotal and Average 26,897,872.10 27,000,000.00 27,652,260.00 27,163,001.00 2.011 830 Money Market Acct SYS3802 3802 Union Bank-US Gov't MMF 10/22/2009 2,851,025.19 2,851,025.19 2,851,025.19 0.050 Aaa 0.050 1 SYS3789 3789 Union Bank-US Trea MMF 0.00 0.00 0.00 0.020 Aaa 0.020 1 Subtotal and Average 2,503,490.18 2,851,025.19 2,851,025.19 2,851,025.19 0.050 1 Total and Average 146,822,868.24 147,050,096.03 148,538,136.03 147,180,004.39 1.849 627 Portfolio CITY AP Run Date:12/10/2009-15:44 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Cash November 30, 2009 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 26,938.89 26,938.89 0 Subtotal 26,938.89 26,938.89 Total Cash and Investments 146,822,868.24 147,050,096.03 148,565,074.92 147,206,943.28 1.849 627 Portfolio CITY AP Run Date:12/10/2009-15:44 PM(PRF_PM2)SymRept 6.42 City of FiB Portfolio Management Page 5 Activity By Type November 1, 2009 through November 30, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133XNCY3 3798 Federal Home Loan Bank 4.700 11/30/2009 0.00 1,068,323.60 3133XVHT1 3800 Federal Home Loan Bank 1.750 11/10/2009 2,000,000.00 0.00 3133XVHP9 3801 Federal Home Loan Bank 1.250 11/16/2009 2,000,000.00 0.00 312BX3KB5 3266 Federal Home Loan Mort Corp 4.125 11/18/2009 0.00 2,000,000.00 3136FH4U6 3776 Fed.Nat'l Mort.Assoc. 3.625 11/20/2009 0.00 2,000,000.00 3136FJQF1 3803 Fed.Nat'l Mort.Assoc. 1.150 11/05/2009 2,000,000.00 0.00 Subtotal 6,000,000.00 5,068,323.60 65,966,907.36 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.611 9,600,000.00 15,200,000.00 Subtotal 9,600,000.00 15,200,000.00 51,199,070.84 Medium Term Notes 36967HBB2 3805 GE Capital FDIC Insured 2.000 11/03/2009 2,015,780.00 0.00 36185JAA7 3804 GMAC FDIC Insured 1.750 11/03/2009 1,998,040.00 0.00 Subtotal 4,013,820.00 0.00 27,163,001.00 Money Market Acct (Monthly Summary) SYS3802 3802 Union Bank-US Gov'tMMF 0.050 6,413,025.19 6,151,000.00 Subtotal 6,413,025.19 6,151,000.00 2,851,025.19 Total 26,026,845.19 26,419,323.60 147,180,004.39 Portfolio CITY AP Run Date:12/10/2009-15:44 PM(PRF_PM3)SyrnRept 6.42 Report Ver.5,00 City of FiB Portfolio Management Page 6 Activity Summary November 2008 through November 2009 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity November 2008 72 189,756,578.31 3.270 3.315 2.568 2 6 667 505 December 2008 77 200,279,167.62 3.040 3.082 2.355 12 7 638 487 January 2009 79 209,134,703.76 2.811 2.850 2.046 8 6 628 466 February 2009 74 207,184,404.24 2.676 2.713 1.869 1 6 585 417 March 2009 73 199,977,655.16 2.626 2.663 1.822 4 5 597 414 April 2009 83 203,124,393.45 2.393 2.427 1.607 14 4 637 457 May 2009 80 228,319,866.33 2.313 2.345 1.530 5 8 596 406 June 2009 77 221,774,096.95 2.109 2.138 1.377 27 30 590 414 July 2009 63 206,333,931.37 2.075 2.104 1.035 4 18 635 435 August 2009 53 185,785,442.19 1.748 1.772 0.925 16 26 616 451 September 2009 50 173,226,879.22 1.902 1.929 0.750 9 12 762 594 October 2009 49 150,346,976.41 1.888 1.914 0.646 1 2 788 600 November 2009 51 146,822,868.24 1.824 1.849 0.611 5 3 809 627 Average 68 193,994,475.52 2.360% 2.392% 1.472 8 10 658 483 Portfolio CITY AP Run Date:12/10/2009-15:44 PM(PRF_PM4)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 7 Distribution of Investments By Type November 2008 through November 2009 November December January February March April May June July August September October November Average Security Type 2008 2008 2009 2009 2009 2009 2009 2009 2009 2009 2009 2009 2009 by Period Repurchase Agreements Certificates of Deposit _ Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 61.1 58.4 57.3 56.2 54.9 52.4 48.6 49.3 45.1 37.5 44.1 44.1 44.8 50.3% Local Agency Investment Funds 28.3 28.6 26.9 29.4 29.6 22.6 26.7 27.1 31.2 31.1 38.9 38.5 34.8 30.3% Treasury Securities-Coupon 3.2 2.9 2.9 3.0 3.0 2.7 2.7 2.7 3.1 2.0% Medium Term Notes 1.0 0.9 0.9 1.0 2.0 7.3 8.5 10.5 12.1 12.7 15.0 15.7 18.5 8.2% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 4.2 8.1 10.9 9.3 9.4 9.5 8.0 6.8 3.3 5.3% Federal Agency Disc.-Amortizing 2.3 1.1 1.1 1.2 1.2 5.6 5.5 3.8 7.9 15.4 3.5% Treasury Discounts-Amortizing Miscellaneous Discounts-Amortizing Money Market Acct 0.5 2.0 1.8 1.9 0.5% Rolling Repurchase Agreements Portfolio CITY AP Run Date:12/10/2009-15:44 PM(PRF_PM5)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 8 Interest Earnings Summary November 30, 2009 November 30 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 209,947.06 459,322.06 Plus Accrued Interest at End of Period 628,166.98 628,166.98 Less Accrued Interest at Beginning of Period ( 624,850.71) ( 662,384.47) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 213,263.33 425,104.57 Adjusted by Premiums and Discounts -3,996.26 -9,268.35 Adjusted by Capital Gains or Losses -8,323.60 -7,306.77 Earnings during Periods 200,943.47 408,529.45 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 25.19 134,837.58 Plus Accrued Interest at End of Period 59,642.99 59,642.99 Less Accrued Interest at Beginning of Period ( 34,511.41) ( 136,845.63) Interest Earned during Period 25,156.77 57,634.94 Total Interest Earned during Period 238,420.10 482,739.51 Total Adjustments from Premiums and Discounts -3,996.26 -9,268.35 Total Capital Gains or Losses -8,323.60 -7,306.77 Total Earnings during Period 226,100.24 466,164.39 Portfolio CITY AP Run Date:12/10/2009-15:44 PM(PRF_PM6)SyrnRept 6.42 Report Ver.5.00 am Statement of Cash Receipts, Disbursements, and Investment Fund Balances jyp9 Office of the City Treasurer November 2009 Cash Receipts and Disbursements October 2009 November 2009 Receipts Property Tax Receipts $430,122 $4,024,685 Utility Tax Receipts (UUT) 1,722,622 1,731,601 Sales Tax Receipts 1,321,500 1,497,700 Highway Users Tax Receipts (HUT) 1,119,719 (1) 0 (2) Transient Occupancy Tax Receipts (TOT) 446,966 411,281 All Other Receipts 14,748,297 14,707,707 Disbursements Other Disbursements -$28,377,115 -$23,412,519 Net Change in Cash Flow -$8,587,889 -$1,039,545 Summary of Cash by Fund October 2009 November 2009 General Fund $17,772,816 $19,193,439 Government Funds 772,468 944,573 Capital Funds 16,264,216 16,302,765 Debt Service Funds 2,068,025 2,324,996 Enterprise Funds 92,300,830 93,366,750 Fiduciary Funds 2,124,251 567,686 Special Revenue Funds 17,060,276 15,054,235 $148,362,882 * $147,754,444 (1) The State of California paid in October 2009 the July, August, September and October HUT. (2) The State of California is deferring HUT receipts from November to March until April 2010. * Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences. Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts& Disbursements.xls November 2009 State of California Pooled Money Investment Account Market Valuation 11/30/2009 AVI", Phis Description Accrued Interest Purch u,. Fair Va ue Accrued Interest W ,... .... .. <a. , ... ... United States Treasury: Bills $ 15,091,044,900.79 $ 15,129,039,850.00 NA Notes $ 6,965,612,016.34 $ 7,017,233,000.00 $ 29,270,516.50 Federal Agency: SBA $ 559,188,136.66 $ 550,022,640.34 $ 598,287.44 MBS-REMICs $ 906,104,897.18 $ 958,914,589.54 $ 4,306,858.54 Debentures $ 2,114,022,945.72 $ 2,130,143,520.00 $ 25,946,848.74 Debentures FR $ 2,488,923,924.80 $ 2,489,396,600.00 $ 605,540.48 Discount Notes $ 8,312,516,085.84 $ 8,323,929,500.00 NA FHLMC PC $ - $ - $ - GNMA $ 110,966.78 $ 124,372.23 $ 1,094.35 IBRD Deb FR $ 300,000,000.00 $ 300,630,000.00 $ 152,157.00 CDs and YCDs FR $ - $ - $ - Bank Notes $ - $ - $ - CDs and YCDs $ 5,400,063,276.17 $ 5,399,903,597.75 $ 1,372,236.14 Commercial Paper $ 6,327,445,448.97 $ 6,330,045,568.91 NA Corporate: Bonds FR $ 188,887,715.04 $ 188,785,435.92 $ 110,489.84 Bonds $ - $ - $ - Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,030,400,000.00 $ 5,030,400,000.00 NA NOW Account $ 1,820,839,000.00 $ 1,820,839,000.00 NA AB 55 &GF Loans $ 12,311,624,014.65 $ 12,311,624,014.65 NA TOTAL $ 67,816,783,328.94 $ 67,981,031,689.34 1 $ 62,364,029.03 Fair Value Including Accrued Interest $ 68,043,395,718.37 Repurchase Agreements, Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of October 31, 2009 Summary of investments by type Market Value Market Value Par Value Investment Type as of 9/30/09 as of 10/31/09 $3,602,140 Local Agency Investment Fund (LAIF) $3,593,965 $3,602,140 $0 Federal Agency Issues $0 $0 $6,797,204 Investment Agreements $6,797,204 $6,797,204 $3,261,509 Money Market Funds $2,911,095 $3,261,509 $0 US Treasury Securities $0 $0 $13,660,853 $13,302,264 $13,660,853 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 9/30/09 as of 10/31/09 $1,159 City of Huntington Beach-2004 Judgment Obligation Bonds (Property Tax Refunds) $0 $1,159 $2,199,773 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,196,723 $2,199,773 $2,140,825 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,396 $2,140,825 $508,369 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $509,138 $508,369 $2,043,347 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,344 $2,043,347 $2,621,231 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,621,126 $2,621,231 $1,260,332 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,262,158 $1,260,332 $172,794 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $308,171 $172,794 $1,394,255 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,394,200 $1,394,255 $758,452 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $756,729 $758,452 $560,316 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $560,315 $560,316 $0 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $964 $0 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $13,660,853 $13,302,264 $13,660,853 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2009 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (6-30-09) (9-30-09) ICMA Retirement Corporation (457 Plan) $23,466,863 $634,209 ($387,899) $2,018,497 ($741) $25,730,929 ICMA Retirement Corporation (401 Plan) $892,470 $22,628 $0 $67,964 $0 $983,062 Nationwide Retirement Solutions (457 Plan)* $47,486,774 $653,985 ($515,867) $3,587,644 ($400) $51,212,136 Total Deferred Compensation Plan Balances $69,976,764 $1,310,822 ($903,766) $5,674,105 ($1,141) $76,056,784 ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information as of September 30, 2009 Beginning Balance Contributions Distributions/ Earnings Other Ending (6-30-09) Transfers (change in value) Balance (9-30-09) CalPERS Retiree Medical Trust Account $6,765,415 $1,165,277 ($577) $7,930,115 ATTACHMENT #5 City of Huntington Beach Supplemental Pension Trust Information as of September 30, 2009 Beginning Balance Contributions/ Distributions/ Earnings Other Ending (6-30-09) Dividends Transfers (change in value) Balance (9-30-09) Supplemental Pension Trust Account $0 $2,813 $24,917,730 ($11,921) $43 $24,908,665 ATTACHMENT #6 Treasurer's Report - Share L. Freidenr®ch, CPA, CCMT, CPFA, CPFIM November Treasurer' s Report ..FFB 17, 0 Shari L. Freidenrich , CPA, CCMT CPFA, CFI January 19, 201 Treasurer's Report o Shari L. Fre®denr®ch, CPA, CC MT CPFA.. C FI $ in 000®s Financial Information: October November Inc./(Dec.) End of Month City Portfolio $147.576 $147.180 ($0.396) End of Month Market Value $148.662 $148.538 ($0. 124) Interest Earned for Month $0.240 $0.226 ($0.014) Earned Interest Yield Year to Date 1 .88% 1 .87% (0. 10%) Average Maturity ( in days) 600 627 27 YTD Average Daily Balance $150.347 $148.614 ($1 .733) $ in 00 ®s Change From YTD Change Bgt. Change Receipts Thru November 09 Same Month % From Last % From Prior Last Year Year Yr. Receipts Property Tax Receipts (Total) ($430 9.7% ° `( ) ($1 , 120) (13.3 /o) 1 .4% Property Tax Receipts (GF) ($429) (11 .7%) ($452) (8.0%) (1 . 177 1% Sales Tax Receipts o 0 0 p ($542) (26.6 /o) ($3,327) (15.1 /o) 5.5 /o vRed' Utility Users Tax ($114) (6.2%) ($114) (6.2%) 5. 1% R Transient Occupancy Tax ($31 ) (6.9%) ($31 ) (6.9%) (0.4%) `RedJ I--li hwa �9sers Tax * $18 6.7% $18 6.7% (72.4A,j Real Propert Transfer Tax $23 39.8% $23 39.8% (25.3Foreclosures (12) (42.8%) (24) (40.0%) N/A * HUT receipts from November- March are being deferred by the state until April 2010. -® Difference between YTD % and Budget % is equal to or greater than 0% - ® Difference between YTD % and Budget % is between (5%) and 0% Retl Difference between YTD % and Budget % is greater than (5%) RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's November 2009 Investment Summary Report COUNCIL MEETING DATE: January 19, 2010 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXPLAMAT�OH FOR MWNG ATTACHMENTS REVIE D RETURNED FOR A DED Administrative Staff ( ) ) Deputy City Administrator (Init I) City Administrator (Initial) CIV City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: ® • RCA Author: SLF &yjQ Oki) Council/Agency Meeting Held: O Deferred/Continued to: �lApp v d ❑ d i Ily ppr ved ❑ Denied City erk' ign; tur D� Council Meeting Date: 12/21/2009 Department ID Number: CT 10-004 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERSS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASU�bf' PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURc� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S OCTOBER 2009 INVESTMENT SUMMARY REPORT F Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for October 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for October 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: Maintain and enhance our financial reserves. Improve internal and external communication. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 12/21/2009 DEPARTMENT ID NUMBER: CT 10-004 Attachment(s): . - Nmmbor e - 1. Monthly Investment Report and Summary of Investments for October 2009 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. Supplemental Pension Trust Investments 6. October 2009 PowerPoint Presentation -2- 12/7/2009 9:49 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for October 2009 City Investment Portfolio: September October Inc./(Dec.) End of month City Portfolio Balance $154,233,967 $147,576,479 ($6,657,488) End of Month Market Value $155,278,275 $148,661,927 ($6,616,348) End of month General Fund Balance $21,107,659 $17,772,816 ($3,334,843) Monthly Effective Rate of Return 1.78% 1.88% 0.10% Average Maturity ( in days) 594 600 6 End of month bank cash balance $700,477 $1,300,240 $599,763 Bond Proceeds Investments:* August September Inc./(Dec.) End of Month Bond Reserve Par Value $17,692,804 $13,302,264 ($4,390,540) End of Month Bond Reserve Market Value $17,692,804 $13,302,264 ($4,390,540) Deferred Compensation Investments:** June September Inc./(Dec.) Participant Balances $69,976,764 $76,056,784 $6,080,020 Retiree Medical Trust:** June September Inc./(Dec.) Trust Balance $6,765,415 $7,930,115 $1,164,700 Supplemental Pension Trust:*** June September Inc./(Dec.) Trust Balance $0 $24,908,665 $24,908,665 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $200,000 $240,064 $40,064 Interest Earned Year to Date $200,000 $240,064 $40,064 Earned Interest Yield Year to Date 1.50% 1.88% 0.38% Average Daily Balance $160,000,000 $150,346,976 ($9,653,024) *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. ***Funds Transferred from City to Trust in September Summary by Individual Investment in City Investment Portfolio: Days YTM Int. October % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $65,034,165 44% None 1068 3.05% Local Agency Inv. Fund (LAIF) $56,799,071 38% $60 million 1 0.65% Medium Term Notes $23,154,243 16% 20% 822 2.06% Money Market Acct $2,589,000 2% 10% 1 0.05% $147,576,479 100% 600 1.91 N\NTINGr O` \NppPPOFAlEO �� City of Huntington Beach City ®f HB 2000 Main St Portfolio Management Huntington Beach 9�CF B- 1909.P�`\\OQ Portfolio Summary �GUNTI CP October 31, 2009 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 65,060,000.00 65,816,346.40 65,034,165.06 44.07 1,407 1,068 3.003 3.045 Local Agency Investment Funds 56,799,070.84 56,799,070.84 56,799,070.84 38.49 1 1 0.637 0.646 Medium Term Notes 23,000,000.00 23,457,510.00 23,154,243.16 15.69 1,070 822 2.027 2.055 Money MarketAcct 2,589,000.00 2,589,000.00 2,589,000.00 1.75 1 1 0.049 0.050 147,448,070.84 148,661,927.24 147,576,479.06 100.00% 788 600 1.888 1.914 Investments Cash and Accrued Interest Accrued Interest at Purchase 41,246.27 41,246.27 Subtotal 41,246.27 41,246.27 Total Cash and Investments 147,448,070.84 148,703,173.51 147,617,725.33 788 600 1.888 1.914 Total Earnings October 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 240,064.15 240,064.15 Current Budget 200,000.00 200,000.00 2,400,000.00 Last Year Actual 558,481.00 558,481.00 5,107,095.00 Average Daily Balance 150,346,976.41 150,346,976.41 Effective Rate of Return 1.88% 1.88% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on December 15,2008. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Interactive Data Corporation. L.FREIDE RICH,CPA,CITY TREASURER Reporting period 10101/2009-10/31/2009 Portfolio CITY AP Run Date:12/07/2009-12:23 PM(PRF_PM1)SymRept 6.42 Report Ver.5.00 City of i-iB Portfolio Management Page 2 Portfolio Details - Investments October 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331GSB6 3727 Federal Farm Credit Bank 04/09/2009 2,000,000.00 2,014,380.00 2,000,000.00 2.200 AAA 2.200 890 04/09/2012 31331GWQ8 3751 Federal Farm Credit Bank 06/16/2009 2,000,000.00 2,009,380.00 1,980,379.15 1.800 AAA 2.198 932 05/21/2012 31331GL98 3780 Federal Farm Credit Bank 08/26/2009 2,000,000.00 2,021,880.00 2,000,000.00 3.150 AAA 3.150 1,759 08/26/2014 31331GS26 3796 Federal Farm Credit Bank 09/23/2009 2,000,000.00 2,007,500.00 2,000,000.00 2.350 AAA 2.350 1,422 09/23/2013 31331GR92 3797 Federal Farm Credit Bank 09/28/2009 2,000,000.00 2,006,880.00 2,000,000.00 1.850 AAA 1.850 1,062 09/28/2012 31331GGQ6 3799 Federal Farm Credit Bank 09/23/2009 2,000,000.00 2,005,000.00 2,011,698.15 3.000 AAA 2.713 774 12/15/2011 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,072,500.00 2,000,000.00 5.600 AAA 5.600 992 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,010,620.00 2,000,000.00 4.500 AAA 4.500 1,142 12/17/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,016,260.00 2,000,000.00 4.200 AAA 4.200 1,171 01/16/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,018,760.00 2,000,000.00 4.150 AAA 4.150 1,185 01/29/2013 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,058,760.00 2,000,000.00 4.150 AAA 4.150 1,416 09/17/2013 3133XTZ25 3756 Federal Home Loan Bank 06/22/2009 2,000,000.00 2,001,880.00 2,000,000.00 0.500 AAA 0.500 325 09/22/2010 3133XUNE9 3785 Federal Home Loan Bank 08/26/2009 2,000,000.00 2,031,260.00 2,000,000.00 2.750 AAA 2.750 1,387 08/19/2013 3133XUTD5 3795 Federal Home Loan Bank 09/24/2009 2,000,000.00 2,006,880.00 2,000,000.00 2.000 AAA 2.000 1,058 09/24/2012 3133XNCY3 3798 Federal Home Loan Bank 09/23/2009 1,060,000.00 1,063,646.40 1,068,515.17 4.700 AAA 4.452 1,306 05/30/2013 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,003,360.00 2,000,000.00 4.125 AAA 4.125 17 11/18/2009 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,054,560.00 1,998,786.67 3.375 AAA 3.438 369 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05106/2008 2,000,000.00 2,070,420.00 1,993,682.48 3.250 AAA 3.480 529 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,033,000.00 2,000,000.00 3.250 AAA 3.250 572 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,061,800.00 1,983,238.72 3.700 AAA 4.002 1,118 11/23/2012 3128X8TZ5 3725 Federal Home Loan Mort Corp 04/08/2009 2,000,000.00 2,022,480.00 2,000,000.00 2.500 AAA 2.500 1,254 04/08/2013 3128X8XB3 3729 Federal Home Loan Mort Corp 04/22/2009 2,000,000.00 2,013,480.00 2,000,000.00 1.000 AAA 1.100 1,633 04/22/2014 3128X8XV9 3730 Federal Home Loan Mort Corp 04/27/2009 2,000,000.00 2,012,400.00 2,000,000.00 1.750 AAA 1.750 633 07/27/2011 3128X8S29 3754 Federal Home Loan Mort Corp 06/30/2009 2,000,000.00 2,026,980.00 2,000,000.00 3.000 AAA 3.000 1,702 06/30/2014 3128X9DS6 3786 Federal Home Loan Mort Corp 09/15/2009 2,000,000.00 2,013,480.00 2,000,000.00 3.500 AAA 3.500 1,779 09/15/2014 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,008,760.00 2,000,000.00 4.600 AAA 4.600 1,139 12/14/2012 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 2,026,260.00 1,999,262.50 3.050 AAA 3.128 178 04/28/2010 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,087,500.00 1,998,602.22 4.000 AAA 4,022 1,275 04/29/2013 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000,000.00 2,018,760.00 2,000,000.00 2.000 AAA 2.000 817 01/27/2012 3136FH4U6 3776 Fed.Nat'l Mort.Assoc. 08/20/2009 2,000,000.00 2,003,120.00 2,000,000.00 3.625 AAA 3.625 1,753 08/20/2014 3136FH7H2 3781 Fed.Nat'l Mort.Assoc. 08/24/2009 2,000,000.00 2,006,260.00 2,000,000.00 1.800 AAA 1.800 845 02/24/2012 3136FJBM2 3788 Fed.Nat'l Mort.Assoc. 09/15/2009 2,000,000.00 2,011,260.00 2,000,000.00 3.000 AAA 3.000 1,779 09/15/2014 3136FJCJ8 3794 Fed.Nat'l Mort,Assoc. 09/17/2009 2,000,000.00 1,996,880.00 2,000,000.00 2.070 AAA 2.064 1,142 12/17/2012 Subtotal and Average 65,7759561.28 65,060,000.00 65,816,346.40 65,034,165.06 3.045 1,068 Portfolio CITY AP Run Date:12/07/2009-12:23 PM(PRF_PM2)SyrnRept 6.42 Report Ver.5.00 City of H13 Portfolio Management Page 3 Portfolio Details - Investments October 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Local Agency Investment Funds SYS982 982 Laif City 26,799,070.84 26,799,070.84 26,799,070.84 0.646 NR 0.646 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 0.646 NR 0.646 1 Subtotal and Average 59,096,453.42 56,799,070.84 56,799,070.84 56,799,070.84 0.646 1 Medium Term Notes 06050BAJO 3734 Bank of America FDIC Insured 04/30/2009 2,000,000.00 2,046,140.00 2,027,857.92 2.375 Aaa 1.830 964 06/22/2012 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,061,780.00 1,983,398.13 4.200 Aa 5.023 409 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,027,780.00 1,995,671.09 2.000 Aaa 2.093 880 03/30/2012 17313YAB7 3739 Citigroup FDIC Insured 05/05/2009 2,000,000.00 2,017,240.00 1,999,561.78 1.375 Aaa 1.390 550 05/05/2011 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,039,140.00 2,025,233.14 2.250 Aaa 1.701 862 03/12/2012 36967HAHO 3735 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,035,620.00 2,017,616.94 2.200 Aaa 1.850 950 06/08/2012 36186CBF9 3763 GMAC FDIC Insured 06/30/2009 2,000,000.00 2,027,840.00 1,990,390.78 2.200 Aaa 2.361 1,144 12/19/2012 38146FAF8 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000,000.00 2,024,380.00 2,005,832.23 1.625 Aaa 1.450 621 07/15/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000,000.00 2,039,980.00 2,021,833.67 2.200 Aaa 1.770 957 06/15/2012 49328CAA3 3770 Key Bank FDIC Insured 06/30/2009 2,000,000.00 2,090,600.00 2,060,788.28 3.200 Aaa 2.000 957 06/15/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000.00 2,039,140.00 2,022,610.46 2.000 Aaa 1.390 690 09/22/2011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 1,007,870.00 1,003,448.74 1.800 Aaa 1.660 926 05/15/2012 Subtotal and Average 23,166,436.84 23,000,000.00 23,467,610.00 23,154,243.16 2.055 822 Money Market Acct SYS3802 3802 Union Bank-US Gov't MMF 10/22/2009 2,589,000.00 2,589,000.00 2,589,000.00 0.050 Aaa 0.050 1 SYS3789 3789 Union Bank-US Trea MMF 0.00 0.00 0.00 0.020 Aaa 0.020 1 Subtotal and Average 2,318,524.87 2,589,000.00 2,589,000.00 2,589,000.00 0.050 1 Total and Average 150,346,976.41 147,448,070.84 148,661,927.24 147,576,479.06 1.914 600 Portfolio CITY AP Run Date:12/07/2009-12:23 PM(PRF_PM2)SyrnRept 6.42 City of 1-113 Portfolio Management Page 4 Portfolio Details - Cash October 31, 2009 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 41,246.27 41,246.27 0 Subtotal 41,246.27 41,246.27 Total Cash and Investments 150,346,976.41 147,448,070.84 148,703,173.51 147,617,726.33 1.914 600 Portfolio CITY AP Run Date:12/07/2009-12:23 PM(PRF_PM2)SymRept 6.42 City of 1-I13 Portfolio Management Page 5 Activity By Type October 1, 2009 through October 31, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133XMD40 3720 Federal Home Loan Bank 4.500 10/09/2009 0.00 2,000,000.00 3128X72Q6 3697 Federal Home Loan Mort Corp 3.375 10/08/2009 0.00 998,983.17 Subtotal 0.00 2,998,983.17 65,034,166.06 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.646 2,009,834.14 5,200,000.00 SYS2206 2206 LAIF-Redevelopment Agency 0.646 67,884.47 67,884.47 Subtotal 2,077,718.61 5,267,884.47 56,799,070.84 Medium Term Notes Subtotal 23,154,243.16 Money Market Acct (Monthly Summary) SYS3802 3802 Union Bank-US Gov't MMF 0.050 59004,000.00 2,415,000.00 SYS3789 3789 Union Bank-US Trea MMF 0.020 4,014,093.78 7,066,160.23 Subtotal 9,018,093.78 9,481,160.23 2,589,000.00 Total 11,0959812.39 179748,027.87 147,576,479.06 Portfolio CITY AP Run Date:12/07/2009-12:23 PM(PRF_PM3)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 6 Activity Summary October 2008 through October 2009 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity October 2008 76 195,260,549.78 3.352 3.399 2.774 14 10 685 531 November 2008 72 189,756,578.31 3.270 3.315 2.568 2 6 667 505 December 2008 77 200,279,167.62 3.040 3.082 2.355 12 7 638 487 January 2009 79 209,134,703.76 2.811 2.850 2.046 8 6 628 466 February 2009 74 207,184,404.24 2.676 2.713 1.869 1 6 585 417 March 2009 73 199,977,655.16 2.626 2.663 1.822 4 5 597 414 April 2009 83 203,124,393.45 2.393 2.427 1.607 14 4 637 457 May 2009 80 228,319,866.33 2.313 2.345 1.530 5 8 596 406 June 2009 77 221,774,096.95 2.109 2.138 1.377 27 30 590 414 July 2009 63 206,333,931.37 2.075 2.104 1.035 4 18 635 435 August 2009 53 185,785,442.19 1.748 1.772 0.925 16 26 616 451 September 2009 50 173,226,879.22 1.902 1.929 0.750 9 12 762 594 October 2009 49 150,346,976.41 1.888 1.914 0.646 1 2 788 600 Average 70 197,667,194.01 2.477% 2.512% 1.639 9 11 648 475 Portfolio CITY AP Run Date:12/07/2009-12:23 PM(PRF_PM4)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 7 Distribution of Investments By Type October 2008 through October 2009 October November December January February March April May June July August September October Average Security Type 2008 2008 2008 2009 2009 2009 2009 2009 2009 2009 2009 2009 2009 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 62.6 61.1 58.4 57.3 56.2 54.9 52.4 48.6 49.3 45.1 37.5 44.1 44.1 51.7% Local Agency Investment Funds 23.7 28.3 28.6 26.9 29.4 29.6 22.6 26.7 27.1 31.2 31.1 38.9 38.5 29.4% Treasury Securities-Coupon 3.2 3.2 2.9 2.9 3.0 3.0 2.7 2.7 2.7 3.1 2.3% Medium Term Notes 1.0 1.0 0.9 0.9 1.0 2.0 7.3 8.5 10.5 12.1 12.7 15.0 15.7 6.8% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 6.2 4.2 8.1 10.9 9.3 9.4 9.5 8.0 6.8 3.3 5.8% Federal Agency Disc_.-Amortizing 2.3 2.3 1.1 1.1 1.2 1.2 5.6 5.5 3.8 7.9 15.4 3.6% Treasury Discounts-Amortizing 1.0 0.1% Miscellaneous Discounts-Amortizing Money Market Acct 0.5 2.0 1.8 0.3% Rolling Repurchase Agreements Portfolio CITY AP Run Date:12/07/2009-12:23 PM(PRF_PM5)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 8 Interest Earnings Summary October 31, 2009 October 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 249,375.00 249,375.00 Plus Accrued Interest at End of Period 624,850.71 624,850.71 Less Accrued Interest at Beginning of Period ( 662,384.47) ( 662,384.47) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 211,841.24 211,841.24 Adjusted by Premiums and Discounts -5,272.09 -5,272.09 Adjusted by Capital Gains or Losses 1,016.83 1,016.83 Earnings during Periods 207,585.98 207,585.98 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 134,812.39 134,812.39 Plus Accrued Interest at End of Period 34,511.41 34,511.41 Less Accrued Interest at Beginning of Period ( 136,845.63) ( 136,845.63) Interest Earned during Period 32,478.17 32,478.17 Total Interest Earned during Period 244,319.41 244,319.41 Total Adjustments from Premiums and Discounts -5,272.09 -5,272.09 Total Capital Gains or Losses 1,016.83 1,016.83 Total Earnings during Period 240,064.15 240,064.15 Portfolio CITY AP Run Date:12/07/2009-12:23 PM(PRF_PM6)SyrnRept 6.42 Report Ver.5.00 Statement of Cash Receipts, Disbursements, and Investment Fund Balances Office of the City Treasurer October 2009 Cash Receipts and Disbursements September 2009 October 2009 Receipts Property Tax Receipts $2,506,342 $430,122 Utility Tax Receipts (UUT) 1,690,687 1,722,622 Sales Tax Receipts 2,031,238 1,321,500 Highway Users Tax Receipts (HUT) 0 (1) 1,119,719 (1) Transient Occupancy Tax Receipts (TOT) 669,946 446,966 All Other Receipts 17,027,676 14,748,297 Disbursements Supplemental Pension Trust Transfer -$25,215,470 (2) $0 Other Disbursements -$30,676,905 -$28,377,115 Net Change in Cash Flow -$31,966,486 -$8,587,889 Summary of Cash by Fund September 2009 October 2009 General Fund $21,107,659 $17,772,816 Government Funds 597,304 772,468 Capital Funds 16,643,731 16,264,216 Debt Service Funds 2,834,563 2,068,025 Enterprise Funds 92,761,217 92,300,830 Fiduciary Funds 2,377,674 2,124,251 Special Revenue Funds 18,789,919 17,060,276 $155,112,067 * $148,362,882 (1) The State of California paid in October 2009 the July, August, September and October HUT. (2) Item represents a significant cash payment during the month. * Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences. Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts& Disbursements.xis October 2009 State of California Pooled Money Investment Account Market Valuation 10/31/2009 Carrying Cost Plus Description Accrued interest Purclt k„ Farr Vq'lue Acorued Interest United States Treasury: Bills $ 15,987,136,359.15 $ 16,019,158,850.00 NA Notes $ 7,167,399,299.04 $ 7,189,178,500.00 $ 28,727,084.00 Federal Agency: SBA $ 547,581,357.70 $ 537,966,543.58 $ 578,364.37 MBS-REMICs $ 927,035,071.23 $ 972,877,107.18 $ 4,409,065.12 Debentures $ 1,964,048,945.72 $ 1,983,558,500.00 $ 23,981,354.12 Debentures FIR $ 2,828,921,028.03 $ 2,829,050,430.00 $ 1,008,451.78 Discount Notes $ 6,738,690,335.88 $ 6,746,105,500.00 NA FHLMC PC $ - $ - $ - GNMA $ 113,319.40 $ 126,632.66 $ 1,117.66 IBRD Deb FR $ 300,000,000.00 $ 300,090,000.00 $ 25,359.50 CDs and YCDs FIR $ - $ - $ - Bank Notes $ - $ - $ - CDs and YCDs $ 3,775,066,607.55 $ 3,774,303,923.00 $ 718,340.30 Commercial Paper $ 6,702,172,598.91 $ 6,704,364,554.99 NA Corporate: Bonds FIR $ 188,887,715.04 $ 188,651,682.40 $ 162,174.47 Bonds $ - $ - $ - Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,124,400,000.00 $ 5,124,400,000.00 NA NOW Account $ 147,000,000.00 $ 147,000,000.00 NA AB 55 &GF Loans $ 10,904,038,113.65 $ 10,904,038,113.65 NA TOTAL $ 63,302,490,751.30 $ 63,420,870,337.46 1 $ 59,611,311.32 Fair Value Including Accrued Interest $ 63,480,481,648.78 Repurchase Agreements, Time Deposits, AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of September 30, 2009 Summary of investments by type Market Value Market Value Par Value Investment Type as of 8/31/09 as of 9/30/09 $3,593,965 Local Agency Investment Fund (LAIF) $3,602,434 $3,593,965 $0 Federal Agency Issues $0 $0 $6,797,204 Investment Agreements $6,797,204 $6,797,204 $2,911,095 Money Market Funds $7,293,166 $2,911,095 $0 US Treasury Securities $0 $0 $13,302,264 $17,692,804 $13,302,264 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 8/31/09 as of 9/30/09 $0 City of Huntington Beach-2004 Judgment Obligation Bonds (Property Tax Refunds) $0 $0 $2,196,723 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $3,343,466 $2,196,723 $1,649,396 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,396 $1,649,396 $509,138 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $687,793 $509,138 $2,043,344 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $3,387,090 $2,043,344 $2,621,126 Huntington Beach PFA- 2001 Series B (1993 Civic Center&Police Administration Bldg. Refinance) $2,621,008 $2,621,126 $1,262,158 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $2,031,843 $1,262,158 $308,171 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $173,870 $308,171 $1,394,200 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $2,480,802 $1,394,200 $756,729 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $756,727 $756,729 $560,315 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $560,315 $560,315 $964 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $494 $964 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $13,302,264 $17,692,804 $13,302,264 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2009 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (6-30-09) (9-30-09) ICMA Retirement Corporation (457 Plan) $23,466,863 $634,209 ($387,899) $2,018,497 ($741) $25,730,929 ICMA Retirement Corporation (401 Plan) $892,470 $22,628 $0 $67,964 $0 $983,062 Nationwide Retirement Solutions (457 Plan)* $47,486,774 $653,985 ($515,867) $3,587,644 ($400) $51,212,136 Total Deferred Compensation Plan Balances $69,976,764 $1,310,822 ($903,766) $5,674,105 ($1,141) $76,056,784 ATTAC H M E N T #4 City of Huntington Beach Retiree Medical Trust Information as of September 30, 2009 Beginning Balance Contributions Distributions/ Earnings Other Ending (6-30-09) Transfers (change in value) Balance (9-30-09) CalPERS Retiree Medical Trust Account $6,765,415 $1,165,277 ($577) $7,930,115 ATTACHMENT #5 City of Huntington Beach Supplemental Pension Trust Information as of September 30, 2009 Beginning Balance Contributions/ Distributions/ Earnings Other Ending (6-30-09) Dividends Transfers (change in value) Balance (9-30-09) Supplemental Pension Trust Account $0 $2,813 $24,917,730 ($11,921) $43 $24,908,665 ATTACHMENT #6 Treasurer's Report a Shari L . Frei enrich, CPA, CC MT, CPF , CPFI October Treasurer' s Report 17, 9949 l Shari Le Freidenrich , CPA, CPFA, CPFIM December 21 , 2009 Treasurer's Report ® Shari La Fre®denrich, CPA, CC MT, CPFA, CPFI $ in 000°s Financial Information: September October Inc./(Dec®) End of Month City Portfolio $154.234 $147.576 ($6.658) End of Month Market Value $155.278 $148.662 ($6.616) Interest Earned for Month $0.253 $0.240 ($0.013) Earned Interest Yield Year to Date 2.52% 1 .88% (0.10%) Average Maturity ( in days) 594 600 6 YTD Average Daily Balance $201 .686 $150.347 ($51 .339) $ in 000®s Change From YTD Change Bgt. Change Receipts Thru October 09 Same Month % From Last % From prior Last Year Year Yr. Receipts -Property Tax Receipts Total $573 57.1 % $689 17.5% 3.0% Red -Property Tax Receipts GF $36 11 .2% $23 1 .2% 4.8% - 1 % Sales Tax Receipts $208 13.6% $2,786 14.0% 5.5% Red Utility Users Tax $136 7.3% $838 3.9% 7.71Y(0 Rya Transient Occupancy Tax $46 9.4% $1 ,168 17.7% 12.1 % fZed vr' Hi hwa Users Tax $24 9.2% $172 5.0% 4.8% Rea Real Property Transfer Tax ** $19 24.4% $166 20.4% 34.9% ;Rea [Foreclosures 12 37.5% 12 37.5% N/A Rear:` ** October tax received in November. Difference between YTD % and Budget % is equal to or greater than 0% Difference between YTD % and Budget % is between (5%) and 0% Red. Difference between YTD % and Budget % is greater than (5%) RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's October 2009 Investment Summary Report COUNCIL MEETING DATE: December 21, 2009 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable ®,- Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable ENPLAHATIOK FOR ISO ATTACHMENTS REVIEWEb RETURNED FO ARDED Administrative Staff Deputy City Administrator (Init�il) City Administrator (Initial) am ) City Clerk �1, "� ( ) EXPLANATION FOR RETURN OF ITEM: • RCA Author: SLF Council/Agency Meeting Held: / o Deferred/Continued to: )iAparoved ❑ Conditionally Approved ❑ Denied It Cle ' Sign Council Meeting Date: 11/2/2009 Department ID Number: CT 10-002 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBER SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASU PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASU r!�4� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S SEPTEMBER 2009 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for September 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion-to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for September 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: Maintain and enhance our financial reserves;. Improve internal and external communication. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 11/2/2009 DEPARTMENT ID NUMBER: CT 10-002 Attachrnent(s): 1. Monthly Investment Report and Summary of Investments for September 2009 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. Supplemental Pension Trust Investments 6. September 2009 PowerPoint Presentation -2- 10/20/2009 3:39 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for September 2009 City Investment Portfolio: August September Inc./(Dec.) End of month City Portfolio Balance $181,936,909 $154,233,967 ($27,702,942) End of Month Market Value $182,965,942 $155,278,275 ($27,687,667) End of month General Fund Balance $22,019,731 $21,107,659 ($912,072) Monthly Effective Rate of Return 1.04% 1.78% 0.74% Average Maturity( in days) 451 594 143 End of month bank cash balance ($196,312) $700,477 $896,789 Bond Proceeds Investments:* July August Inc./(Dec.) End of Month Bond Reserve Par Value $20,877,601 $17,692,804 ($3,184,797) End of Month Bond Reserve Market Value $20,877,601 $17,692,804 ($3,184,797) Deferred Compensation Investments:** March June Inc./(Dec.) Participant Balances $66,412,503 $69,976,764 $3,564,261 Retiree Medical Trust:** March June Inc./(Dec.) Trust Balance $5,712,161 $6,765,415 $1,053,254 Supplemental Pension Trust*** June September Inc./(Dec.) Trust Balance $0 $24,908,665 $24,908,665 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $445,417 $252,821 ($192,596) Interest Earned Year to Date $5,345,000 $5,083,780 ($261,220) Earned Interest Yield Year to Date 3.50% 2.52% -0.98% Average Daily Balance $152,714,286 $201,686,171 $48,971,885 *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. ***Funds Transferred from City to Trust in September Summary by Individual Investment in City Investment Portfolio: Days YTM Int. September % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $68,033,730 44% None 1056 3.01% Local Agency Inv. Fund (LAIF) $59,989,237 39% 60 million 1 0.75% Medium Term Notes $23,158,933 15% 20% 853 2.06% Money Market Acct(US Treasuries) $3,052,067 2% 10% 1 0.02% $154,233,967 100% 594 1.93% \\NTINGT0 °` Nppp POAAIF� �� City of Huntington Beach �—~, 9= City of 1-113 2000 Main St '¢- Portfolio Management Huntington Beach Portfolio Summary F�O�NTv cP`� September 30, 2009 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 68,060,000.00 68,830,581.40 68,033,730.05 44.11 1,362 1,056 2.969 3.010 Local Agency Investment Funds 59,989,236.70 59,989,236.70 59,989,236.70 38.90 1 1 0.740 0.750 Medium Term Notes 23,000,000.00 23,406,390.00 23,158,933.43 15.02 1,070 853 2.027 2.055 Money Market Acct(US Treasuries) 3,052,066.45 3,052,066.45 3,052,066.45 1.98 1 1 0.020 0.020 154,101,303.16 155,278,274.55 154,233,966.63 100.00% 762 594 1.902 1.929 Investments Cash and Accrued Interest Accrued Interest at Purchase 41,246.27 41,246.27 Subtotal 41,246.27 41,246.27 Total Cash and Investments 154,101,303.15 155,319,620.82 154,275,212.90 762 594 1.902 1.929 Total Earnings September 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 252,820.55 5,083,779.91 5,083,779.91 Current Budget 445,416.66 5,345,000.00 5,345,000.00 Last Year Actual 558,769.05 8,923,191.10 8,923,191.10 Average Daily Balance 173,226,879.22 201,686,171.40 Effective Rate of Return 1.78% 2.52% I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on December 15,2008. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Ma Values prov by Union Bank via Interactive Data Corporation. /0- 20- o y L.FREIDEN ICH,CPA,CITY TREASURER Reporting period 09/01/2009-09/30/2009 Portfolio CITY AP Run Date:10/20/2009-15:18 PM(PRF_PM1)SyrnRept 6.42 Report Ver.5.00 City of FIB Portfolio Management Page 2 Portfolio Details - Investments September 30, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331GSB6 3727 Federal Farm Credit Bank 04/09/2009 2,000,000.00 2,015,000.00 2,000,000.00 2.200 AAA 2.200 921 04/09/2012 31331GWQ8 3751 Federal Farm Credit Bank 06/16/2009 2,000,000.00 2,004,380.00 1,979,739.34 1.800 AAA 2.198 963 05/21/2012 31331GL98 3780 Federal Farm Credit Bank 08/26/2009 2,000,000.00 2,018,120.00 2,000,000.00 3.150 AAA 3.150 1,790 08/26/2014 31331GS26 3796 Federal Farm Credit Bank 09/23/2009 2,000,000.00 1,993,120.00 2,000,000.00 2.350 AAA 2.350 1,453 09/23/2013 31331GR92 3797 Federal Farm Credit Bank 09/28/2009 2,000,000.00 1,998,120.00 2,000,000.00 1.850 AAA 1.850 1,093 09/28/2012 31331GGQ6 3799 Federal Farm Credit Bank 09/23/2009 2,000,000.00 2,008,120.00 2,012,157.51 3.000 AAA 2.713 805 12/15/2011 3133XL022 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,080,000.00 2,000,000.00 5.600 AAA 5.600 1,023 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,017,500.00 2,000,000.00 4.500 AAA 4.500 1,173 12/17/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,022,500.00 2,000,000.00 4.200 AAA 4.200 1,202 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,025,000.00 2,000,000.00 4.150 AAA 4.150 1,216 01/29/2013 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,058,120.00 2,000,000.00 4.150 AAA 4.150 1,447 09/17/2013 3133XMD40 3720 Federal Home Loan Bank 02/23/2009 2,000,000.00 2,001,880.00 2,001,660.88 4.500 AAA 0.746 8 10/09/2009 3133XTZ25 3756 Federal Home Loan Bank 06/22/2009 2,000,000.00 2,001,260.00 2,000,000.00 0.500 AAA O'.500 356 09/22/2010 3133XUNE9 3785 Federal Home Loan Bank 08/26/2009 2,000,000.00 2,023,120.00 2,000,000.00 2.750 AAA 2.750 1,418 08/19/2013 3133XUTD5 3795 Federal Home Loan Bank 09/24/2009 2,000,000.00 2,001,880.00 2,000,000.00 2.000 AAA 2.000 1,089 09/24/2012 3133XNCY3 3798 Federal Home Loan Bank 09/23/2009 1,060,000.00 1,067,621.40 1,068,713.35 4.700 AAA 4.452 1,337 05/30/2013 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,009,780.00 2,000,000.00 4.125 AAA 4.125 48 11/18/2009 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,057,880.00 1,998,686.67 3.375 AAA 3.438 400 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,072,960.00 1,993,320.09 3.250 AAA 3.480 560 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,037,780.00 2,000,000.00 3.250 AAA 3.250 603 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 - 2,063,360.00 1,982,782.42 3.700 AAA 4.002 1,149 11/23/2012 3128X72Q6 3697 Federal Home Loan Mort Corp 10/27/2008 1,000,000.00 1,000,480.00 998,963.40 3.375 AAA 3.480 372 10/08/2010 3128X8TZ5 3725 Federal Home Loan Mort Corp 04/08/2009 2,000,000.00 2,014,740.00 2,000,000.00 2.500 AAA 2.500 1,285 04/08/2013 3128X8XB3 3729 Federal Home Loan Mort Corp 04/22/2009 2,000,000.00 2,011,820.00 2,000,000.00 2.000 AAA 2.000 1,664 04/22/2014 3128X8XV9 3730 Federal Home Loan Mort Corp 04/27/2009 2,000,000.00 2,014,160.00 2,000,000.00 1.750 AAA 1.750 664 07/27/2011 3128X8S29 3754 Federal Home Loan Mort Corp 06/30/2009 2,000,000.00 2,026,640.00 2,000,000.00 3.000 AAA 3.000 1,733 06/30/2014 3128X9DS6 3786 Federal Home Loan Mort Corp 09/15/2009 2,000,000.00 2,012,720.00 2,000,000.00 3.500 AAA 3.500 1,810 09/15/2014 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,015,620.00 2,000,000.00 4.600 AAA 4.600 1,170 12/14/2012 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 2,030,000.00 1,999,137.50 3.050 AAA 3.128 209 04/28/2010 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,089,380.00 1,998,568.89 4.000 AAA 4.022 1,306 04/29/2013 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000,000.00 2,020,000.00 2,000,000.00 2.000 AAA 2.000 848 01/27/2012 3136FH4U6 3776 Fed.Nat'l Mort.Assoc. 08/20/2009 2,000,000.00 2,008,760.00 2,000,000.00 3.626 AAA 3.825 1,784 08/20/2014 3136FH7H2 3781 Fed.Nat'l Mort.Assoc. 08/24/2009 2,000,000.00 2,007,500.00 2,000,000.00 1.800 AAA 1.800 876 02/24/2012 3136FJBM2 3788 Fed.Nat'l Mort.Assoc. 09/15/2009 2,000,000.00 2,009,380.00 2,000,000.00 3.000 AAA 3.000 1,810 09/15/2014 3136FJCJ8 3794 Fed.NaCl Mort.Assoc. 09/17/2009 2,000,000.00 1,991,880.00 2,000,000.00 2.070 AAA 2.064 1,173 12/17/2012 Subtotal and Average 66,139,406.18 68,060,000.00 68,830,581.40 68,033,730.05 3.010 1,056 Portfolio CITY AP Run Date:10/20/2009-15:18 PM(PRF_PM2)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments September 30, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Local Agency Investment Funds SYS982 982 Laif City 29,989,236.70 29,989,236.70 29,989,236.70 0.750 NR 0.750 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 0.750 NR 0.750 1 Subtotal and Average 59,522,570.03 59,989,236.70 59,989,236.70 59,989,236.70 0.750 1 Medium Term Notes 06050BAJ0 3734 Bank of America FDIC Insured 04/30/2009 2,000,000.00 2,039,340.00 2,028,736.71 2.375 Aaa 1.830 995 06/22/2012 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,067,500.00 1,982,165.31 4.200 Aa 5.023 440 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,021,920.00 1,995,521.65 2.000 Aaa 2.093 911 03/30/2012 17313YAB7 3739 Citigroup FDIC Insured 05/05/2009 2,000,000.00 2,013,100.00 1,999,537.61 1.375 Aaa 1.390 581 05/05/2011 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,036,120.00 2,026,122.67 2.250 Aaa 1.701 893 03/12/2012 36967HAH0 3735 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,030,920.00 2,018,180.98 2.200 Aaa 1.850 981 06/08/2012 36186CBF9 3763 GMAC FDIC Insured 06/30/2009 2,000,000.00 2,021,360.00 1,990,135.21 2.200 Aaa 2.361 1,175 12/19/2012 38146FAF8 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000,000.00 2,019,940.00 2,006,117.19 1.625 Aaa 1.450 652 07/15/2011 481247AK0 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000,000.00 2,034,220.00 2,022,527.54 2.200 Aaa 1.770 988 06/15/2012 49328CAA3 3770 Key Bank FDIC Insured 06/30/2009 2,000,000.00 2,084,640.00 2,062,720.11 3.200 Aaa 2.000 988 06/15/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000.00 2,032,400.00 2,023,606.52 2.000 Aaa 1.390 721 09/22/2011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 1,004,930.00 1,003,561.93 1.800 Aaa 1.660 957 05/15/2012 Subtotal and Average 23,161,200.43 23,000,000.00 23,406,390.00 23,158,933.43 2.056 853 Commercial Paper Disc.-Amortizing Subtotal and Average 4,199,883.33 Federal Agency Disc.-Amortizing Subtotal and Average 14,499,565.00 Money Market Acct(US Treasuries) SYS3789 3789 UNION BANK OF CALIFORNIA 07/07/2009 3,052,066.45 3,052,066.45 3,052,066.45 0.020 AAA 0.020 1 Subtotal and Average 5,704,264.24 3,052,066.45 3,052,066.45 3,052,066.46 0.020 1 Total and Average 173,226,879.22 164,101,303.15 165,278,274.65 154,233,966.63 1.929 694 Portfolio CITY AP Run Date:10/20/2009-15:18 PM(PRF_PM2)SyrnRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Cash September 30, 2009 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 41,246.27 41,246.27 0 Subtotal 41,246.27 41,246.27 Total Cash and Investments 173,226,879.22 154,101,303.15 155,319,520.82 164,275,212.90 1.929 594 Portfolio CITY AP Run Date:10/20/2009-15:18 PM(PRF_PM2)SyrnRept 6.42 City of FiB Portfolio Management Activity By Type Page 5 September 1, 2009 through September 30, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331GBC2 3670 Federal Farm Credit Bank 3.300 09/15/2009 0.00 2,000,000.00 31331GBS7 3678 Federal Farm Credit Bank 3.100 09/17/2009 0.00 2,005,000.00 31331 GCHO 3680 Federal Farm Credit Bank 3.750 69/29/2009 0.00 2,000,000.00 31331 GS26 3796 Federal Farm Credit Bank 2.350 09/23/2009 2,000,000.00 0.00 31331GR92 3797 Federal Farm Credit Bank 1.850 09/28/2009 2,000,000.00 0.00 31331 GGQ6 3799 Federal Farm Credit Bank 3.000 09/23/2009 2,012,280.00 0.00 3133XGYQ1 3424 Federal Home Loan Bank 5.300 09/15/2009 0.00 2,000,000.00 3133XS5M6 3667 Federal Home Loan Bank 3.000 09/25/2009 0.00 2,000,000.00 3133XUTD5 3795 Federal Home Loan Bank 2.000 09/24/2009 2,000,000.00 0.00 3133XNCY3 3798 Federal Home Loan Bank 4.700 09/23/2009 1,068,766.20 0.00 3128X9DS6 3786 Federal Home Loan Mort Corp 3.500 09/15/2009 2,000,000.00 0.00 31398ATR3 3686 Fed.Nat'I Mort Assoc. 4.550 09/04/2009 0.00 2,000,000.00 31359MEY5 3695 Fed.Nat'l Mort.Assoc. 6.625 09/15/2009 0.00 2,000,000.00 31359MEY5 3699 Fed.Nat'l Mort.Assoc. 6.625 09/16/2009 0.00 1,198,000.00 3136FJBM2 3788 Fed.Nat'l Mort.Assoc. 3.000 09/16/2009 2,000,000.00 0.00 3136FJCJ8 3794 Fed.Nat'l Mort.Assoc. 2.070 09/17/2009 2,000,000.00 0.00 Subtotal 15,081,046.20 15,203,000.00 68,033,730.05 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.750 7,380,ODO.00 4,000,000.00 Subtotal 7,380,000.00 4,000,000.00 59,989,236.70 Medium Term Notes Subtotal 23,168,933.43 Commercial Paper Disc.-Amortizing 313385MAl 3791 Federal Home Loan Bank 0.100 09/22/2009 0.00 6,000,000.00 Subtotal 0.00 6,000,000.00 0.00 Federal Agency Disc.-Amortizing 313313LDB 3792 Federal Farm Credit Bank 0.080 09/01/2009 0.00 13,000,000.00 313385MAl 3790 Federal Home Loan Bank 0.100 09/22/2009 0.00 15,000,000.00 313385MD5 3793 Federal Home Loan Bank 0.120 09/01/2069 4,999,600.00 0.00 313385MD5 3793 09/25/2009 0.00 5,000,000.00 Subtotal 4,999,600.00 33,000,000.00 0.00 Portfolio CITY AP Run Date:1 0/20/2009-1 5:18 PM(PRF_PM3)SymRept 6,42 Report Ver.5.00 City of HB Portfolio Management Page 6 Activity By Type September 1, 2009 through September 30, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Money Market Acct(US Treasuries) (Monthly Summary) SYS3789 3789 UNION BANK OF CALIFORNIA 0.020 24,137,066.45 21,085,000.00 Subtotal 24,137,066.46 21,085,000.00 3,052,066.45 Total 51,597,712.65 79,286,000.00 154,233,966.63 Portfolio CITY AP Run Date:10/20/2009-15:18 PM(PRF_PM3)SymRept 6.42 City of 1-913 Portfolio Management Page 7 Activity Summary September 2008 through September 2009 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity September 2008 72 196,403,906.46 3.391 3.438 2.774 17 19 675 499 October 2008 76 195,260,549.78 3.352 3.399 2.774 14 10 685 531 November 2008 72 189,756,578.31 3.270 3.315 2.568 2 6 667 505 December 2008 77 200,279,167.62 3.040 3.082 2.355 12 7 638 487 January 2009 79 209,134,703.76 2.811 2.850 2.046 8 6 628 466 February 2009 74 207,184,404.24 2.676 2.713 1.869 1 6 585 417 March 2009 73 199,977,655.16 2.626 2.663 1.822 4 5 597 414 April 2009 83 203,124,393.45 2.393 2.427 1.607 14 4 637 457 May 2009 80 228,319,866.33 2.313 2.345 1.530 5 8 596 406 June 2009 77 221,774,096.95 2,109 2.138 1.377 27 30 590 414 July 2009 63 206,333,931.37 2.075 2.104 1.035 4 18 635 435 August 2009 53 185,785,442.19 1.748 1.772 0.925 16 26 616 451 September 2009 50 173,226,879.22 1.902 1.929 0.750 9 12 762 594 Average 71 201,284,986.72 2.593% 2.629% 1.802 10 12 639 467 Portfolio CITY AP Run Date:10/20/2009-15:18 PM(PRF_PM4)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type September 2008 through September 2009 September October November December January February March April May June July August September Average Security Type 2008 2008 2008 2008 2009 2009 2009 2009 2009 2009 2009 2009 2009 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 54.1 62.6 61.1 58.4 57.3 56.2 54.9 52.4 48.6 49.3 45.1 37.5 44.1 52.4% Local Agency Investment Funds 28.5 23.7 28.3 28.6 26.9 29.4 29.6 22.6 26.7 27.1 31.2 31.1 38.9 28.7% Treasury Securities-Coupon 5.2 3.2 3.2 2.9 2.9 3.0 3.0 2.7 2.7 2.7 3.1 2.7% Medium Term Notes 2.0 1.0 1.0 0.9 0.9 1.0 2.0 7.3 8.5 10.5 12.1 12.7 15.0 5.8% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 6.1 6.2 4.2 8.1 10.9 9.3 9.4 9.5 8.0 6.8 3.3 6.3% Federal Agency Disc.-Amortizing 3.1 2.3 2.3 1.1 1.1 1.2 1.2 5.6 5.5 3.8 7.9 15.4 3.9% Treasury Discounts-Amortizing 1.0 1.0 0.2% Miscellaneous Discounts-Amortizing Money Market Acct(US Treasuries) 0.5 2.0 0.2% Rolling Repurchase Agreements Portfolio CITY AP Run Date:10/20/2009-15:18 PM(PRF_PM5)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 9 Interest Earnings Summary September 30, 2009 September 30 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 432,211.53 5,224,225.53 Plus Accrued Interest at End of Period 662,384.47 662,384.47 Less Accrued Interest at Beginning of Period ( 868,132.68) ( 1,248,397.79) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 226,463.32 4,638,212.21 Adjusted by Premiums and Discounts -12,654.96 -353,207.13 Adjusted by Capital Gains or Losses -5,000.00 -171,911.24 Earnings during Periods 208,808.36 4,113,093.84 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 66.44 1,193,333.13 Plus Accrued Interest at End of Period 136,845.63 136,845.63 Less Accrued Interest at Beginning of Period ( 92,899.88) ( 359,492.69) Interest Earned during Period 44,012.19 970,686.07 Total Interest Earned during Period 270,475.51 5,608,898.28 Total Adjustments from Premiums and Discounts -12,664.96 -353,207.13 Total Capital Gains or Losses -5,000.00 -171,911.24 Total Earnings during Period 252,820.65 5,083,779.91 Portfolio CITY AP Run Date:1 0/20/2009-1 5:18 PM(PRF_PM6)SymRept 6.42 Report Ver.5.00 Statement of Cash Receipts, Disbursements, and Investment - Fund Balances a Office of the City Treasurer September 2009 Cash Receipts and Disbursements August 2009 September 2009 Receipts Property Tax Receipts $307,252 $2,506,342 Utility Tax Receipts 1,751,923 1,690,687 Sales Tax Receipts 1,532,100 2,031,238 Highway Users Tax Receipts 0 (1) 0 (1) Transient Occupancy Tax Receipts 705,133 669,946 All Other Receipts 23,858,292 17,027,676 Disbursements Supplemental Pension Trust Transfer $0 -$25,215,470 (2) Other Disbursements -$40,475,279 -$30,676,905 Net Change in Cash Flow -$12,320,579 -$31,966,486 Summary of Cash by Fund August 2009 September 2009 General Fund $22,019,731 $21,107,659 Government Funds 617,795 597,304 Capital Funds 16,843,207 16,643,731 Debt Service Funds 4,453,168 2,834,563 Enterprise Funds 91,508,710 92,761,217 Fiduciary Funds 27,184,403 2,377,674 Special Revenue Funds 20,342,547 18,789,919 $182,969,561 $155,112,067 (1) The State of California has deferred tax payments for July through December and will make these in January 2010. (SIB 65 just signed changes this deferral timeline.) (2) Item represents a significant cash payment during the month. * Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences. Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts&Disbursements.xls September 2009 State of California Pooled Money Investment Account Market Valuation 9/30/2009 Car in Cas>E Plusv. , Qesceipt�on :.A Accrued Cntere t�Purch , AmortizedLCost Fair Value Rccrued Interest United States Treasury: Bills $ 16,433,924,215.50 $ 16,455,636,226.65 $ 16,467,959,900.00 NA Notes $ 5,322,701,773.28 $ 5,318,861,850.60 $ 5,337,433,500.00 $ 20,497,307.00 Federal Agency: SBA $ 552,246,909.46 $ 552,235,837.91 $ 542,553,223.13 $ 583,135.97 MBS-REMICs $ 943,906,839.18 $ 943,906,839.18 $ 991,623,008.97 $ 4,486,952.66 Debentures $ 1,967,322,236.10 $ 1,967,322,236.10 $ 1,988,231,600.00 $ 18,262,398.94 Debentures FR $ 2,828,863,048.93 $ 2,828,863,048.93 $ 2,828,840,910.00 $ 764,170.12 Discount Notes $ 8,332,099,642.54 $ 8,333,887,526.44 $ 8,338,878,500.00 NA FHLMC PC $ 12.70 $ 12.70 $ 12.86 $ 0.23 GNMA $ 118,054.13 $ 118,054.13 $ 131,857.79 $ 1,165.83 IBRD Deb FR $ 300,000,000.00 $ 300,000,000.00 $ 301,440,000.00 $ 417,956.00 CDs and YCDs FR $ - $ - $ - $ - Bank Notes $ - $ - $ - $ - CDs and YCDs $ 4,050,027,759.18 $ 4,050,027,759.18 $ 4,049,906,673.00 $ 940,097.21 Commercial Paper $ 6,620,726,968.08 $ 6,622,553,888.88 $ 6,623,118,381.95 NA Corporate: Bonds FR $ 199,045,794.53 $ 199,045,794.53 $ 198,910,915.64 $ 95,344.24 Bonds $ 15,001,184.71 $ 15,001,184.71 $ 15,039,900.00 $ 336,875.00 Repurchase Agreements $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 5,307,700,000.00 $ 5,307,700,000.00 $ 5,307,700,000.00 NA NOW Account $ 3,192,000,000.00 $ 3,192,000,000.00 $ 3,192,000,000.00 NA AB 55&GF Loans $ 5,816,873,971.17 $ 5,816,873,971.17 $ 5,816,873,971.17 NA TOTAL $ 61,882,558,409.49 $ 61,904,034,231.11 $ 62,000,642,354.51 $ 46,385,403.20 Fair Value Including Accrued Interest $ 62,047,027,757.71 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost (1.001560611). As an example: if an agency has an account balance of$20,000,000.00, then the agency would report its participation in the LAIF valued at $20,031,212.22 or$20,000,000.00 x 1.001560611. ATTAC H M E N T #2 Schedule of Bond Investments Held by Fiscal Agent as of August 31, 2009 Summary of investments by type Market Value Market Value Par Value Investment Type as of 7/31/09 as of 8/31/09 $3,602,434 Local Agency Investment Fund (LAIF) $5,844,872 $3,602,434 $0 Federal Agency Issues $0 $0 $6,797,204 Investment Agreements $6,798,361 $6,797,204 $7,293,166 Money Market Funds $8,234,368 $7,293,166 $0 US Treasury Securities $0 $0 $17,692,804 $20,877,601 $17,692,804 Summary of investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 7/31/09 as of 8/31/09 $0 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $4,922,810 $0 $3,343,466 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,196,721 $3,343,466 $1,649,396 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,399 $1,649,396 $687,793 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $516,641 $687,793 $3,387,090 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,042,279 $3,387,090 $2,621,008 Huntington Beach PFA- 2001 Series B (1993 Civic Center&Police Administration Bldg. Refinance) $4,829,895 $2,621,008 $2,031,843 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,268,446 $2,031,843 $173,870 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,270 $173,870 $2,480,802 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,395,218 $2,480,802 $756,727 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $1,321,608 $756,727 $560,315 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $560,314 $560,315 $494 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $0 $494 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $17,692,804 $20,877,601 $17,692,804 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2009 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (3-31-09) (6-30-09) ICMA Retirement Corporation (457 Plan) $21,412,658 $715,756 ($440,828) $1,779,542 ($265) $23,466,863 ICMA Retirement Corporation (401 Plan) $801,969 $26,398 $0 $64,103 $0 $892,470 Nationwide Retirement Solutions (457 Plan)* $44,197,876 $1,127,189 ($899,654) $3,061,713 ($350) $47,486,774 Total Deferred Compensation Plan Balances $66,412,503 ($1,340,482) $4,905,358 ($615) $69,976,764 ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information as of June 30, 2009 Beginning Balance Contributions Distributions/ Earnings Other Ending (3-31-09) Transfers (change in value) Balance (6-30-09) CaIPERS Retiree Medical Trust Account $5,712,161 $1,057,171 ($3,917) $6,765,415 ATTACHMENT #5 City of Huntington Beach Supplemental Pension Trust Information as of September 30, 2009 Beginning Balance Contributions/ Distributions/ Earnings Other Ending (6-30-09) Dividends Transfers (change in value) Balance (9-30-09) Supplemental Pension Trust Account $0 $2,813 $24,917,730 ($11,921) $43 $24,908,665 ATTAC H M E N T #6 Treasurer-'s Report - Shari L. Freedenrich, CPA, CC MT, CPFA, CPFI TREAt""i' URER' S rKm""" EPORT IR ' lj 1940„.P Shari La Freidenrich , CPA, CCMT, CPFA, CPFIM November 2, 2009 Slide 1 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, GPFIM Investment Objective • safety • Liquidity • Yield Slide 2 Treasurer's Report - Shari L. Freidenfich, CPA, CCMT, FIM - - First Objective - Safety Investments Percentages By Quality Ratings Not Rated AAA AA 60% Slide 3 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Percentages By Type of Investment Federal Money Market Agencies I AI Funds (US C 44%-r w. ea � 4 Treasuries -'t A ', '.'�'o 4 2% rr A -W A, AF Medium LAIF Term Notes 39°/® Slide 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Second Objective - Liquidity Investment Maturities by Days, Ending September 2009 41% f� ' 1�6f 40 /o At 3 /o 30®/® 2 r .* 20®/0 16° 4` „ - 3YYr 10®/0 3% 14% 4% 6% 3% 3% 19% 6% 2008 2009 Slide 6 Treasurer's Report - Shari L. Freidenfich, CPA,. CCMT.. CPFA, CPFIM All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months t0k, O#ifi, Zj�--,c, r, i , $35,000,000 $20,713,000 $25,000,000 $15,00%000 $9099000 $5900%000 L-A WOW. ($590009000)-($244 00)($ 38,000) ($291129000) ($1 5900%O00) ($8,2387000) 1* V- P" 3.7V ($25,0009000) 11 � I ' -, 4, Oct-09 Nov-09 Dec-09 Jan-1 0 Feb-1 0 Mar-10 Slide 7 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Th i rd Objective - Yield Annual Interest Earnings on Portfolio $12,00%000 - 6.00% $10100%000 - 5.00% $8900%000 - - 4.00% $6900%000 - 3.00% 2.00% $490OOvOOO 77,17 1 .00% $2,0007000 o.00% $0 Sep-03 Sep-04 Sep-05 Sep-06 Sep-07 Sep-08 Sep-09 Slide 8 Treasurer's Deport - Shari Le Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Yields Trends < � dge ed Yieil'dr" } IN, r 6.00% 6.00% 4.74% 5.00% 4.25% 4.35% 5.00% 0 4.00% 3.91% 4.06% o 4.00 /0 3.50% 4.00 /o 3.170 2.97% 3.00% p 3.25% 3.00% 3.00% �r 2.52% 2.44°/® 2.2 °o 2.00% A 1 .00/o ° 1 .00% i 4 0.00% 0.00% Sep-03 Sep-04 Sep-05 Sep-06 Sep-07 Sep-08 Sep-09 Slade 9 Treasurer's Deport - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Summery Of Investment by City Fund September 30, 2009 21 000 000 1,000,000 16,00%000NO NOV gtf� Wt .: ot t 19,000,000 ,;;. ®eSM S.6�vice� � 7Z , .Ca Ilt4ery01'0r9Se . 2,0005000 t ��p Eji F9�!!9e9dj d Ie s ' f ye Y s: 93,000,000 Slide 10 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFInl1 $ in 000's Change From YTD Change Bgt. Change Receipts Thru September 09 Same Month % From Last % From Prior Last Year Year Yr. Receipts Property Tax Receipts (Total) $759 43.4% ($116) (4.0%) 4.4% Red Property Tax Receipts (GF) $62 5.1 % ($59) (3.6%) (2.9%) - 1 % Sales Tax Receipts ($101 ) (4.7%) ($21578) (14.0%) 5.5% ,,Red .' Utility Users Tax ($284) (14.4%) ($703) (3.6%) 7.7% Red Transient Occupancy Tax ($106) (13.7%) ($1 ,122) (18.4%) 12.1 % Red. Highway Users Tax ** $7 2.7% ($148) (4.7%) 4.8% Red. Real Property Transfer Tax ($16) (22.7%) ($148) (20.0%) 34.9% Red Foreclosures (13) (34.2% 22) 6.7%) N/A 'Red -- Difference between YTD % and Budget % is equal to or greater than 0% - ® Difference between YTD % and Budget % is between (5%) and 0% Red Difference between YTD % and Budget % is greater than (5%) * Property tax receipts from the January 1, 2008 assessment fall into two tiscal years and some of the January 1 , 2009 assessment tax receipts will be included in the FY budget. The budget column above calculates the budget change from the County's fiscal year not the City's fiscal year. ** September receipts included, but are being withheld by the state until January 2010. Slide 11 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Summary • Recommendation to City Council Slide 12 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's September 2009 Investment Summary Report COUNCIL MEETING DATE: November 2, 2009 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached E] Not Applicable Staff Report (If applicable) Attached t Applicable p Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXPLAN1AT( OK FOR HOSSINIO AT7AC ;NEH S REVIEWED RETURNED FOR A DED Administrative Staff Deputy City Administrator (Initial) City Administrator (Initial) ) ( ) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: RCA Author: SLF Council/Agency Meeting Held: Deferred/Continued to: G� ) App ved ❑ C n iti all Ap rov d ❑ Denied Ciiyoerk'j Ignatur r Council Meeting Date: 10/19/2009 Department ID Number: CT 10-001 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUO'� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S AUGUST 2009 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for August 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for August 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: Maintain and enhance our financial reserves, Improve internal and external communication. Environmental Status: Not Applicable. � l REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 10/19/2009 DEPARTMENT ID NUMBER: CT 10-001 Attachment(s): • - Dettription Monthly Investment Report and Summary of Investments for August 2009 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. August 2009 PowerPoint Presentation -2- 10/5/2009 12:25 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for August 2009 City Investment Portfolio: July August Inc./(Dec.) End of month City Portfolio Balance $191,369,030 $181,936,909 ($9,432,121) End of Month Market Value $192,133,150 $182,965,942 ($9,167,208) End of month General Fund Balance $29,427,681 $22,019,731 ($7,407,950) Monthly Effective Rate of Return 1.85% 1.04% -0.81% Average Maturity ( in days) 435 451 16 End of month bank cash balance $898,962 ($196,312) ($1,095,274) Bond Proceeds Investments:* June July Inc./(Dec.) End of Month Bond Reserve Par Value $15,866,091 $20,877,601 $5,011,510 End of Month Bond Reserve Market Value $15,866,091 $20,877,601 $5,011,510 Deferred Compensation Investments:** March June Inc./(Dec.) Participant Balances $66,412,503 $69,978,309 $3,565,806 Retiree Medical Trust:** March June Inc./(Dec.) Trust Balance $5,712,161 $6,765,415 $1,053,254 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $445,417 $164,020 ($281,397) Interest Earned Year to Date $4,899,583 $4,839,236 ($60,347) Earned Interest Yield Year to Date 3.50% 2.58% -0.92% Average Daily Balance $152,714,286 $204,234,762 $51,520,476 *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. August % of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $68,165,273 38% None 896 3.22% Local Agency Inv. Fund (LAIF) $56,609,237 31% 60 million 1 0.93% Medium Term Notes $23,163,624 13% 20% 883 2.06% Commercial Paper Disc. -Amortizing $5,999,650 3% 25% 21 0.10% Federal Agency Disc. -Amortizing $27,999,125 15% None 11 0.09% $181,936,909 100% 451 1.77% IN6Tp Pox �L O a onarEo B h = y City of Huntington Beach _ City of HB 2000 Main St o Q Huntington Beach Portfolio Management g v,Gc�COUNTV CP�\�oQ� Portfolio Summary August 31, 2009 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 68,198,000.00 68,981,935.00 68,165,273.49 37.47 1,272 896 3.173 3.217 Local Agency Investment Funds 56,609,236.70 56,609,236-70 56,609,236.70 31.11 1 1 0.912 0.925 Medium Term Notes 23,000,000.00 23,374,770.00 23,163,623.75 12.73 1,070 883 2.027 2.055 Commercial Paper Disc.-Amortizing 6,000,000.00 6,000,000.00 5,999,650.00 3.30 26 21 0.100 0.101 Federal Agency Disc.-Amortizing 28,000,000.00 28,000,000.00 27,999,125.00 15.39 14 11 0.092 0.093 Investments 181,807,236.70 182,965,941.70 181,936,908.94 100.00% 616 451 1.748 1.772 Cash and Accrued Interest Accrued Interest at Purchase 19,497.22 19,497.22 Subtotal 19,497.22 19,497.22 Total Cash and Investments 181,807,236.70 182,985,438.92 181,956,406.16 616 451 1.748 1.772 Total Earnings August 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 164,019.70 4,839,236.25 Current Budget 445,416.67 4,899,583.34 5,345,000.00 Last Year Actual 604,116.19 8,364,422.05 8,923,191.10 Average Daily Balance 185,785,442.19 204,234,762.19 Effective Rate of Return 1.04% 2.58% I certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on December 15,2008. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. M ke alues provide nion Bank via Interactive Data Corporation. z29_��- c /D-s C>/ ARI .FREIDE I H,CPA,CITY TREASURER Reporting period 08101/2009-08/31/2009 Portfolio CITY AP Run Date:09/24/2009-16:25 PM(PRF_PM1)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments August 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331GBC2 3670 Federal Farm Credit Bank 09/15/2008 2,000,000.00 2,001,880.00 2,000,000.00 3.300 AAA 3.300 379 09/15/2010 31331GBS7 3678 Federal Farm Credit Bank 09/17/2008 2,000,000.00 2,002,500.00 2,005,222.22 3.100 AAA 2.841 381 09/17/2010 31331GCHO 3680 Federal Farm Credit Bank 09/29/2008 2,000,000.00 2,004,380.00 2,000,000.00 3.750 AAA 3.750 758 09/29/2011 31331GSB6 3727 Federal Farm Credit Bank 04/09/2009 2,000,000.00 2,012,500.00 2,000,000.00 2.200 AAA 2.200 951 04/09/2012 31331GWQ8 3751 Federal Farm Credit Bank 06/16/2009 2,000,000.00 1,998,120.00 1,979,099.53 1.800 AAA 2.198 993 05/21/2012 31331GL98 3780 Federal Farm Credit Bank 08/26/2009 2,000,000.00 2,011,260.00 2,000,000.00 3.150 AAA 3.150 1,820 08/26/2014 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,003,760.00 2,000,000.00 5.300 AAA 5.300 744 09/15/2011 3133XL022 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,085,000.00 2,000,000.00 5.600 AAA 5.600 1,053 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,023,760.00 2,000,000.00 4.500 AAA 4.500 1,203 12/17/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,028,120.00 2,000,000.00 4.200 AAA 4.200 1,232 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,031,260.00 2,000,000.00 4.150 AAA 4.150 1,246 01/29/2013 3133XS5M6 3667 Federal Home Loan Bank 09/25/2008 2,000,000.00 2,003,760.00 2,000,000.00 3.000 AAA 3.000 24 09/25/2009 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,058,760.00 2,000,000.00 4.150 AAA 4.150 1,477 09/17/2013 3133XMD40 3720 Federal Home Loan Bank 02/23/2009 2,000,000.00 2,008,760.00 2,007,889.20 4.500 AAA 0.746 38 10/09/2009 3133XTZ25 3756 Federal Home Loan Bank 06/22/2009 2,000,000.00 2,001,880.00 2,000,000.00 0.500 AAA 0.500 386 09/22/2010 3133XUNE9 3785 Federal Home Loan Bank 08/26/2009 2,000,000.00 2,014,380.00 2,000,000.00 2.750 AAA 2.750 1,448 08/19/2013 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,015,940.00 2,000,000.00 4.125 AAA 4.125 78 11/18/2009 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,061,820.00 1,998,586.67 3.375 AAA 3.438 430 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,073,940.00 1,992,957.71 3.250 AAA 3.480 590 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,040,780.00 2,000,000.00 3.250 AAA 3.250 633 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,063,460.00 1,982,326.12 3.700 AAA 4.002 1,179 11/23/2012 3128X72Q6 3697 Federal Home Loan Mort Corp 10/27/2008 1,000,000.00 1,002,560.00 998,878.66 3.375 AAA 3.480 402 10/08/2010 3128X8TZ5 3725 Federal Home Loan Mort Corp 04/08/2009 2,000,000.00 2,009,240.00 2,000,000.00 2.500 AAA 2.500 1,315 04/08/2013 3128X8XB3 3729 Federal Home Loan Mort Corp 04/22/2009 2,000,000.00 2,008,460.00 2,000,000.00 2.000 AAA 2.000 1,694 04/22/2014 3128X8XV9 3730 Federal Home Loan Mort Corp 04/27/2009 2,000,000.00 2,012,560.00 2,000,000.00 1.750 AAA 1.750 694 07/27/2011 3128X8S29 3754 Federal Home Loan Mort Corp 06/30/2009 2,000,000.00 2,023,360.00 2,000,000.00 3.000 AAA 3.000 1,763 06/30/2014 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,021,880.00 2,000,000.00 4.600 AAA 4.600 1,200 12/14/2012 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 2,033,120.00 1,999,012.50 3.050 AAA 3.128 239 04/28/2010 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,090,620.00 1,998,535.56 4.000 AAA 4.022 1,336 04/29/2013 31398ATR3 3686 Fed.Nat'l Mort.Assoc. 10/06/2008 2,000,000.00 2,000,620.00 2,000,000.00 4.550 AAA 4.549 1,464 09/04/2013 31359MEY5 3695 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,005,000.00 2,002,641.25 6.625 AAA 3.150 14 09/15/2009 31359MEY5 3699 Fed.Nat'l Mort.Assoc. 11/20/2008 1,198,000.00 1,200,995.00 1,200,124.07 6.625 AAA 2.001 14 09/15/2009 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000,000.00 2,015,000.00 2,000,000.00 2.000 AAA 2.000 878 01/27/2012 3136FH4U6 3776 Fed.Nat'l Mort.Assoc. 08/20/2009 2,000,000.00 2,010,000.00 2,000,000.00 3.625 AAA 3.625 1,814 08/20/2014 3136FH7H2 3781 Fed.Nat'l Mort.Assoc. 08/24/2009 2,000,000.00 2,002,500.00 2,000,000.00 1.800 AAA 1.800 906 02/24/2012 Subtotal and Average 76,020,813.96 68,198,000.00 68,981,935.00 68,165,273.49 3.217 896 Portfolio CITY AP Run Date:09/24/2009-16:25 PM(PRF_PM2)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments August 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Local Agency Investment Funds SYS982 982 Laif City 26,609,236.70 26,609,236.70 26,609,236.70 0.925 NR 0.925 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 0.925 NR 0.925 1 Subtotal and Average 59,512,462.51 56,609,236.70 56,609,236.70 56,609,236.70 0.925 1 Treasury Securities-Coupon Subtotal and Average 3,743,998.74 Medium Term Notes 06050BAJO 3734 Bank of America FDIC Insured 04/30/2009 2,000,000.00 2,035,160.00 2,029,615.51 2.375 Aaa 1.830 1,025 06/22/2012 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,072,140.00 1,980,932.50 4.200 Aaa 5.023 470 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,017,260.00 1,995,372.20 2.000 P-1 2.093 941 03/30/2012 17313YAB7 3739 Citigroup FDIC Insured 05/05/2009 2,000,000.00 2,010,760.00 1,999,513.44 1.375 P-1 1.390 611 05/05/2011 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,033,180.00 2,027,012.21 2.250 Aaa 1.701 923 03/12/2012 36967HAHO 3735 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,027,560.00 2,018,745.03 2.200 Aaa 1.850 1,011 06/08/2012 36186CBF9 3763 GMAC FDIC Insured 06/30/2009 2,000,000.00 2,015,460.00 1,989,879.65 2.200 Aaa 2.361 1,205 12/19/2012 38146FAF8 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000,000.00 2,018,160.00 2,006,402.16 1.625 Aaa 1.450 682 07/15/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000,000.00 2,029,880.00 2,023,221.40 2.200 Aaa 1.770 1,018 06/15/2012 49328CAA3 3770 Key Bank FDIC Insured 06/30/2009 2,000,000.00 2,081,840.00 2,064,651.94 3.200 Aaa 2.000 1,018 06/15/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000.00 2,032,560.00 2,024,602.58 2.000 Aaa 1.390 751 09/22/2011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 1,000,810.00 1,003,675.13 1.800 Aaa 1.660 987 05/15/2012 Subtotal and Average 23,165,817.44 23,000,000.00 23,374,770.00 23,163,623.75 2.055 883 Commercial Paper Disc.-Amortizing 313385MA1 3791 Federal Home Loan Bank 08/27/2009 6,000,000.00 6,000,000.00 5,999,650.00 0.100 AAA 0.101 21 09/22/2009 Subtotal and Average 967,680.11 6,000,000.00 6,000,000.00 5,999,650.00 0.101 21 Federal Agency Disc.-Amortizing 313313LD8 3792 Federal Farm Credit Bank 08/31/2009 13,000,000.00 13,000,000.00 13,000,000.00 0.080 AAA 0.082 0 09/01/2009 313385MA1 3790 Federal Home Loan Bank 08/27/2009 15,000,000.00 15,000,000.00 14,999,125.00 0.100 AAA 0.103 21 09/22/2009 Subtotal and Average 21,376,927.50 28,000,000.00 28,000,000.00 27,999,125.00 0.093 11 Money Market Acct(US Gov't Agency) SYS3789 3789 UNION BANK OF CALIFORNIA 07/07/2009 0.00 0.00 0.00 0.020 0.020 1 Subtotal and Average 997,741.94 0.00 0.00 0.00 0.000 0 Portfolio CITY AP Run Date:09/24/2009-16:25 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Investments August 31, 2009 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Total and Average 185,785,442.19 181,807,236.70 182,965,941.70 181,936,908.94 1.772 451 Portfolio CITY AP Run Date:09/24/2009-16:25 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 5 Portfolio Details - Cash August 31, 2009 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 19,497.22 19,497.22 0 Subtotal 19,497.22 19,497.22 Total Cash and Investments 185,785,442.19 181,807,236.70 182,985,438.92 181,956,406.16 1.772 451 Portfolio CITY AP Run Date:09/24/2009-16:25 PM(PRF_PM2)SymRept 6.42 City of FiB Portfolio Management Page 6 Activity By Type August 1, 2009 through August 31, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331XH47 3713 Federal Farm Credit Bank 5.250 08/03/2009 0.00 2,025,000.00 31331GL98 3780 Federal Farm Credit Bank 3.150 08/26/2009 2,000,000.00 0.00 3133XGEQ3 3641 Federal Home Loan Bank 5.250 08/05/2009 0.00 2,000,000.00 3133XR7F1 3648 Federal Home Loan Bank 2.450 08/12/2009 0.00 2,000,000.00 3133XR6M7 3653 Federal Home Loan Bank 2.500 08/13/2009 0.00 2,000,000.00 3133XS3F3 3666 Federal Home Loan Bank 3,450 08/27/2009 0.00 2,000,000.00 3133XUNE9 3785 Federal Home Loan Bank 2.750 08/26/2009 2,000,000.00 0.00 31359MU68 3681 Fed.Nat'l Mort.Assoc. 5.375 08/15/2009 0.00 2,000,000.00 31359MU68 3694 Fed.Nat'l Mort.Assoc. 5.375 08/15/2009 0.00 2,000,000.00 31398ATM4 3700 Fed.Nat'l Mort.Assoc. 4.000 08/26/2009 0.00 3,025,959.84 31398ASX1 3703 Fed.Nat'l Mort.Assoc. 3.750 08/04/2009 0.00 2,017,174.87 31398ATM4 3707 Fed.Nat'l Mort.Assoc. 4.000 08/26/2009 0.00 2,024,871.37 3136F9D75 3710 Fed.Nat'l Mort.Assoc. 4.500 08/27/2009 0.00 2,037,592.84 31398ATM4 3721 Fed.Nat'l Mort.Assoc. 4.000 08/26/2009 0.00 3,035,406.19 3136FH4U6 3776 Fed.Nat'l Mort.Assoc. 3.625 08/20/2009 2,000,000.00 0.00 3136FH7H2 3781 Fed.Nat'l Mort.Assoc. 1.800 08/24/2009 2,000,000.00 0.00 Subtotal 8,000,000.00 26,166,005.11 68,165,273.49 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 0.925 0.00 3,000,000.00 Subtotal 0.00 3,000,000.00 56,609,236.70 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 4.875 08/15/2009 0.00 2,000,000.00 9128281-1139 3635 US Treasury Notes 4.000 08/31/2009 0.00 2,000,000.00 9128275N8 3683 US Treasury Notes 6.000 08/15/2009 0.00 2,000,000.00 Subtotal 0.00 6,000,000.00 0.00 Medium Term Notes Subtotal 23,163,623.75 Commercial Paper Disc.-Amortizing 313385MAl 3791 Federal Home Loan Bank 0.100 08/27/2009 5,999,566.67 0.00 Subtotal 5,999,566.67 0.00 5,999,650.00 Portfolio CITY AP Run Date:09/24/2009-16:25 PM(PRF_PM3)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity By Type August 1, 2009 through August 31, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Disc.-Amortizing 313313KV9 3782 Federal Farm Credit Bank 0.100 08/21/2009 8,499,929.17 0.00 313313KV9 3782 08/24/2009 0.00 8,500,000.00 313313LD8 3792 Federal Farm Credit Bank 0.080 08/31/2009 12,999,971.11 0.00 313385JY3 3773 Federal Home Loan Bank 0.090 08/03/2009 0.00 10,000,000.00 313385KS4 3774 Federal Home Loan Bank 0.140 08/03/2009 2,999,790.00 0.00 313385KS4 3774 08/21/2009 0.00 3,000,000.00 313385KS4 3775 Federal Home Loan Bank 0.130 08/03/2009 8,499,447.50 0.00 313385KS4 3775 08/21/2009 0.00 8,500,000.00 313385KPO 3777 Federal Home Loan Bank 0.130 08/04/2009 1,999,898.89 0.00 313385KPO 3777 08/18/2009 0.00 2,000,000.00 313385KV7 3778 Federal Home Loan Bank 0.080 08/17/2009 11,999,813.33 0.00 313385KV7 3778 08/24/2009 0.00 12,000,000.00 313385KY1 3779 Federal Home Loan Bank 0.080 08/20/2009 5,999,906.67 0.00 313385KY1 3779 08/27/2009 0.00 6,000,000.00 313385KY1 3783 Federal Home Loan Bank 0.080 08/24/2009 9,999,933.33 0.00 313385KY1 3783 08/27/2009 0.00 10,000,000.00 313385LC8 3784 Federal Home Loan Bank 0.100 08/24/2009 6,999,863.89 0.00 313385LC8 3784 08/31/2009 0.00 7,000,000.00 313385KY1 3787 Federal Home Loan Bank 0.080 08/26/2009 5,999,986.67 0.00 313385KY1 3787 08/27/2009 0.00 6,000,000.00 313385MAl 3790 Federal Home Loan Bank 0.100 08/27/2009 14,998,916.67 0.00 313397KNO 3772 Federal Home Loan Mort Corp 0.110 08/17/2009 0.00 5,200,000.00 Subtotal 90,997,457.23 78,200,000.00 27,999,125.00 Money Market Acct(US Gov't Agency) (Monthly Summary) SYS3789 3789 UNION BANK OF CALIFORNIA 0.020 0.00 1,031,000.00 Subtotal 0.00 1,031,000.00 0.00 Total 104,997,023.90 114,397,005.11 181,936,908.94 Portfolio CITY AP Run Date:09/24/2009-16:25 PM(PRF_PM3)SymRept 6.42 City of HB Portfolio Management Page 8 Activity Summary August 2008 through August 2009 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity August 2008 74 204,646,757.05 3.458 3.506 2.779 1 14 684 483 September 2008 72 196,403,906.46 3.391 3.438 2.774 17 19 675 499 October 2008 76 195,260,549.78 3.352 3.399 2.774 14 10 685 531 November 2008 72 189,756,578.31 3.270 3.315 2.568 2 6 667 505 December 2008 77 200,279,167.62 3.040 3.082 2.355 12 7 638 487 January 2009 79 209,134,703.76 2.811 2.850 2.046 8 6 628 466 February 2009 74 207,184,404.24 2.676 2.713 1.869 1 6 585 417 March 2009 73 199,977,655.16 2.626 2.663 1.822 4 5 597 414 April 2009 83 203,124,393.45 2.393 2.427 1.607 14 4 637 457 May 2009 80 228,319,866.33 2.313 2.345 1.530 5 8 596 406 June 2009 77 221,774,096.95 2.109 2.138 1.377 27 30 590 414 July 2009 63 206,333,903.95 2.075 2.104 1.035 4 18 635 435 August 2009 53 185,785,442.19 1.748 1.772 0.925 16 26 616 451 Average 73 203,673,767.66 2.712% 2.750% 1.959 10 12 633 459 Portfolio CITY AP Run Date:09/24/2009-16:25 PM(PRF_PM4)SyrnRept 6.42 Report Ver.5.00 City of FIB Portfolio Management Page 9 Distribution of Investments By Type August 2008 through August 2009 August September October November December January February March April May June July August Average Security Type 2008 2008 2008 2008 2008 2009 2009 2009 2009 2009 2009 2009 2009 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 53.1 54.1 62.6 61.1 58.4 57.3 56.2 54.9 52.4 48.6 49.3 45.1 37.5 53.1% Local Agency Investment Funds 27.7 28.5 23.7 28.3 28.6 26.9 29.4 29.6 22.6 26.7 27.1 31.2 31.1 27.8% Treasury Securities-Coupon 6.1 5.2 3.2 3.2 2.9 2.9 3.0 3.0 2.7 2.7 2.7 3.1 3.1% Medium Term Notes 2.0 2.0 1.0 1.0 0.9 0.9 1.0 2.0 7.3 8.5 10.5 12.1 12.7 4.8% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 1.0 6.1 6.2 4.2 8.1 10.9 9.3 9.4 9.5 8.0 6.8 3.3 6.4% Federal Agency Disc.-Amortizing 6.0 3.1 2.3 2.3 1.1 1.1 1.2 1.2 5.6 5.5 3.8 7.9 15.4 4.3% Treasury Discounts-Amortizing 4.1 1.0 1.0 0.5% Miscellaneous Discounts-Amortizing Money Market Acct(US Gov't Agency) 0.5 Rolling Repurchase Agreements Portfolio CITY AP Run Date:09/24/2009-16:25 PM(PRF_PM5)SyrnRept 6.42 Report Ver.5.00 City of H13 Portfolio Management Page 10 Interest Earnings Summary August 31, 2009 August 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 654,656.25 4,666,482.75 Plus Accrued Interest at End of Period 993,663.93 993,663.93 Less Accrued Interest at Beginning of Period ( 1,357,876.65) ( 1,248,397.79) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 290,443.53 4,411,748.89 Adjusted by Premiums and Discounts -32,189.64 -340,552.17 Adjusted by Capital Gains or Losses -141,005.11 -166,911.24 Earnings during Periods 117,248.78 3,904,285.48 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 0.00 1,193,266.69 Plus Accrued Interest at End of Period 101,176.77 101,176.77 Less Accrued Interest at Beginning of Period ( 54,405.85) ( 359,492.69) Interest Earned during Period 46,770.92 934,950.77 Total Interest Earned during Period 337,214.45 5,346,699.66 Total Adjustments from Premiums and Discounts -32,189.64 -340,552.17 Total Capital Gains or Losses -141,005.11 -166,911.24 Total Earnings during Period 164,019.70 4,839,236.25 Portfolio CITY AP Run Date:09/24/2009-16:25 PM(PRF_PM6)SyrnRept 6.42 Report Ver.5.00 Statement of Cash Receipts, Disbursements, and Investment Fund Balances Office of the City Treasurer August 2009 Cash Receipts and Disbursements July 2009 August 2009 Receipts Property Tax Receipts $1,160,420 $307,252 Utility Tax Receipts 1,664,149 1,751,923 Sales Tax Receipts 1,292,700 1,532,100 Highway Users Tax Receipts 0 (1) 0 (1) Transient Occupancy Tax Receipts 518,406 705,133 All Other Receipts 19,354,148 23,858,292 CaIPERS Pension Prepayment -$14,959,310 (2) $0 All Other Disbursements -$37,370,435 -$40,475,279 Net Change in Cash Flow -$28,339,922 -$12,320,579 Summary of Cash by Fund July 2009 August 2009 General Fund $29,427,681 $22,019,731 Government Funds 606,752 617,795 Capital Funds 17,229,713 16,843,207 Debt Service Funds 6,211,701 4,453,168 Enterprise Funds 90,404,650 91,508,710 Fiduciary Funds 27,257,666 27,184,403 Special Revenue Funds 20,387,509 20,342,547 $191,525,672 * $182,969,561 " (1) The State of California has deferred tax payments for July through December and will make these in January 2010. (2) Item represents a significant cash payment during the month of July. * Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences. Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts&Disbursements.xls August 2009 State of California Pooled Money Investment Account Market Valuation 8/31/2009 A Carrying Cost Pluses Descnption'� Accrued Interest Purch. Fay 1/atue �►ccrued i terest .. 2 .,. United States Treasury: Bills $ 13,470,641,614.54 $ 13,523,357,850.00 NA Notes $ 3,560,566,598.32 $ 3,577,033,500.00 $ 11,681,667.00 Federal Agency: SBA $ 557,662,643.98 $ 547,222,842.22 $ 588,731.03 MBS-REMICs $ 963,721,431.72 $ 1,004,859,862.12 $ 4,582,861.17 Debentures $ 1,857,849,351.49 $ 1,883,129,300.00 $ 19,946,217.54 Debentures FR $ 3,028,807,242.93 $ 3,030,514,730.00 $ 2,144,120.38 Discount Notes $ 5,632,865,876.05 $ 5,633,930,600.00 NA FHLMC PC $ 27.20 $ 27.40 $ 0.49 GNMA $ 120,436.86 $ 134,457.50 $ 1,189.49 IBRD Deb FR $ 300,000,000.00 $ 300,750,000.00 $ 236,236.00 CDs and YCDs FR $ - $ - $ - Bank Notes $ - $ - $ CDs and YCDs $ 6,235,014,409.48 $ 6,235,046,972.60 $ 1,952,505.58 Commercial Paper $ 8,580,649,287.49 $ 8,582,886,837.50 NA Corporate: Bonds FR $ 249,041,967.83 $ 249,053,554.48 $ 293,669.78 Bonds $ 33,249,054.65 $ 33,357,950.00 $ 647,862.50 Repurchase Agreements $ - $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,352,700,000.00 $ 5,352,700,000.00 NA NOW Account $ 917,000,000.00 $ 917,000,000.00 NA AB 55 &GF Loans $ 11,700,143,716.05 $ 11,700,143,716.05 NA TOTAL $ 62,440,033,658.59 $ 62,571,122,199.87 $ 42,075,060.96 Fair Value Including Accrued Interest $ 62,613,197,260.83 Repurchase Agreements,Time Deposits,AB 55&General Fund loans,and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of July 31, 2009 Summary of investments by type Market Value Market Value Par Value Investment Type as of 6/30/09 as of 7/31/09 $5,844,872 Local Agency Investment Fund (LAIF) $5,822,587 $5,844,872 $0 Federal Agency Issues $0 $0 $6,798,361 Investment Agreements $6,798,361 $6,798,361 $8,234,368 Money Market Funds $3,245,143 $8,234,368 $0 US Treasury Securities $0 $0 $20,877,601 $15,866,091 $20,877,601 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 5/31/09 as of 7/31/09 $4,922,810 City of Huntington Beach-2004 Judgment Obligation Bonds (Property Tax Refunds) $2,511,426 $4,922,810 $2,196,721 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,190,226 $2,196,721 $1,649,399 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,399 $1,649,399 $516,641 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $516,600 $516,641 $2,042,279 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,042,277 $2,042,279 $4,829,895 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,621,904 $4,829,895 $1,268,446 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,268,396 $1,268,446 $174,270 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $173,220 $174,270 $1,395,218 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,395,163 $1,395,218 $1,321,608 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $761,862 $1,321,608 $560,314 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $560,313 $560,314 $0 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $175,305 $0 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $20,877,601 $15,866,091 $20,877,601 ATTAC H M E N T #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2009 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (3-31-09) (6-30-09) ICMA Retirement Corporation (457 Plan) $21,412,658 $715,756 ($440,828) $1,779,542 ($265) $23,466,863 ICMA Retirement Corporation (401 Plan) $801,969 $26,398 $0 $64,103 $0 $892,470 Nationwide Retirement Solutions (457 Plan)* $44,197,876 $1,127,189 ($899,654) $3,061,713 ($350) $47,486,774 Total Deferred Compensation Plan Balances $66,414,048 ($1,340,482) $4,905,358 ($615) $69,978,309 ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information as of June 30, 2009 Beginning Balance Contributions Distributions/ Earnings Other Ending (3-31-09) Transfers (change in value) Balance (6-30-09) CaIPERS Retiree Medical Trust Account $5,712,161 $1,057,171 ($3,917) $6,765,415 ATTAC H M E N T #5 Treasurer's Report ® Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM August rm"% epor W06 - • FFB 17 1909 P� Shari L . Freidenrich , CPA, CCMT CPFA, CPFIM October 19, 2009 Treasurer's Report ® Shari L. Fre®denrich, CPA, CCMT, CPFA, CPFI In 000®s Financial Information: Duly August Inc./(Dec.) End of Month City Portfolio $191 .369 $181 .937 ($9.432) End of Month Market Value $192.133 $182.966 ($9.167) Interest Earned for Month $0.324 $0.164 ($0.160) Earned Interest Yield Year to Date 2.72% 2.58% (0.10%) Average Maturity ( in days) 435 451 16 YTD Average Daily Balance $206.116 $204.235 ($1 .881 ) $ in 000°s Change From YTD Change Bgt. Change Receipts Thru August 09 Same Month % From Last % From Prior Last Year Year Yr. Receipts Property Tax Receipts Total $875 74.0% $875 74.0% 4.4% yea Property Tax Receipts (GF) ($121 30.2% $121 30.2% 2.9% Rya... 1 % Sales Tax Receipts $461 23.1 % $2,477 15.2% 5.5% ,Red Utility Users Tax $137 7.3 /o° $418 2.4% 7.7% Reba Transient Occupancy Tax $92 11 .6% $1 ,016 19.1 % 12.1% Red Hi hwa Users Tax $65 24.2% o 0 $155 5.4 /0 4. /o 8 Real Property Transfer Tax $14 20.5 /o $136 23.1 /0 34.9 Red 0 0 0/o Foreclosures 20 40.2% 9 3.1 % N/A Rea -- Difference between YTD % and Budget % is equal to or greater than 0% - ® Difference between YTD % and Budget % is between (5%) and 0% Red Difference between YTD % and Budget % is greater than (5%) ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's August 2009 Investment Summary Report COUNCIL MEETING DATE: October 19, 2009 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXPLANATION FOR Nff OMG AIITACHW'' ENTS REVIEWED RETURNED FOR10AIRDED Administrative Staff ( ) ( ) Deputy City Administrator (Initial) ( ) (✓ ) City Administrator (Initial) ( ) ( ) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: RCA Author: SLF Council/Agency Meeting Held: Z Deferred/Continued to: ApprDved ❑ Conditionally Approved ❑ Denied Cit le-r 'Jtignatur Council Meeting Date: 9/21/2009 Department ID Number: CT 09-017 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURe v SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JULY 2009 INVESTMENT SUMMARY REPORT AND APPROVE DAILY INVESTMENT SWEEP TO A MONEY MARKET FUND 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 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach, and approve a Money Market Fund as a daily investment sweep in 2009. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for July 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Motion to: Approve the use in 2009 of a Money Market Fund meeting the criteria in the investment policy. Alternative Action(s): Deny or critique monthly report and deny the use of a Money Market Fund and pay the additional FDIC fees. Analysis: The FDIC is currently charging an insurance fee for funds in our depository bank checking account and the fee was increased in July 2009. The cost of these funds is now $.2433 per thousand, or $243 per million dollars. The City would like to use a bank Money Market sweep to reduce the funds having to pay this FDIC insurance. We regularly keep more than $1 million in our bank account to cover checks that are outstanding. The investment policy requires the Council to approve each Money Market transaction, but provides for investments in certain types of Money Market funds. This request would allow the City Treasurer to invest in Money Market Fund investments as approved under the Investment Policy in 2009 without coming back to Council for each daily transaction. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 9/21/2009 DEPARTMENT ID NUMBER: CT 09-017 Strategic Plan Goal: Maintain and enhance our financial reserves, Improve internal and external communication. Environmental Status: Not Applicable. Attachment(s): City Clerk's - 1. Monthly Investment Report and Summary of Investments for July 2009 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. 1 July 2009 PowerPoint Presentation 6. 1 Investment Policy— Money Market Fund Criteria -2- 9/9/2009 2:30 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for July 2009 City Investment Portfolio: June July Inc./(Dec.) End of month City Portfolio Balance $221,783,893 $191,369,030 ($30,414,863) End of Month Market Value $222,672,767 $192,133,150 ($30,539,617) End of month General Fund Balance $52,237,018 $29,427,681 ($22,809,337) Monthly Effective Rate of Return 2.14% 1.85% -0.29% Average Maturity( in days) 414 435 21 End of month bank cash balance $2,325,790 $898,962 ($1,426,828) Bond Proceeds Investments:* May June Inc./(Dec.) End of Month Bond Reserve Par Value $15,858,441 $15,866,091 $7,650 End of Month Bond Reserve Market Value $15,858,441 $15,866,091 $7,650 Deferred Compensation Investments:** March June Inc./(Dec.) Participant Balances $66,412,503 $69,978,309 $3,565,806 Retiree Medical Trust:** March June Inc./(Dec.) Trust Balance $5,712,161 $6,765,415 $1,053,254 Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $445,417 $324,065 ($121,352) Interest Earned Year to Date $4,454,167 $4,675,217 $221,050 Earned Interest Yield Year to Date 3.50% 2.72% -0.78% Average Daily Balance $152,714,286 $206,116,107 $53,401,821 *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. July % of Total Policy Limit to Mat. Rate Federal Agency Issues- Coupon $86,354,754 45% None 715 3.17% Local Agency Inv. Fund (LAIF) $59,609,187 31% 60 million 1 1.04% Treasury Securities-Coupon $6,006,079 3% None 19 2.99% Medium Term Notes $23,168,314 12% 20% 914 2.06% Federal Agency Disc. -Amortizing $15,199,696 8% None 7 0.10% Money Market Acct(US Treasuries) $1,031,000 1% 10% 1 0.02% $191,369,030 100% 435 2.10% Investment Non-compliance:The City invested in a Money Market fund as allowed by the investment policy; however each transaction is required to be approved by the City Council and the transactions in July were not approved by Council. NTI N6lp�Lnn O `KGORPOflA T�f. V� v City of Huntington Beach � LLr , s City of 1"113 2000 Main St Portfolio Management Huntington Beach 9ycF��UNTY CP�� Portfolio Summary July 31, 2009 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 86,223,000.00 87,010,583.62 86,354,754.16 45.12 1,075 715 3.128 3.171 Local Agency Investment Funds 59,609,186.70 59,609,186.70 59,609,186.70 31.15 1 1 1.021 1.035 Treasury Securities-Coupon 6,000,000.00 6,012,120.00 6,006,079.10 3.14 615 19 2.947 2.988 Medium Term Notes 23,000,000.00 23,270,260.00 23,168,314.05 12.11 1,070 914 2.027 2.055 Federal Agency Disc.-Amortizing 15,200,000.00 15,200,000.00 15,199,695.78 7.94 8 7 0.098 0.100 Bank Sweep 1,031,000.00 1,031,000.00 1,031,000.00 0.54 1 1 0.020 0.020 Investments 191,063,186.70 192,133,150.32 191,369,029.79 100.00% 635 435 2.075 2.104 Cash and Accrued Interest Accrued Interest at Purchase 27,427.78 27,427.78 Subtotal 27,427.78 27,427.78 Total Cash and Investments 191,063,186.70 192,160,578.10 191,396,457.57 635 435 2.075 2.104 Total Earnings July 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 324,065.20 4,675,216.53 Current Budget 445,416.67 4,454,166.67 5,345,000.00 Last Year Actual 676,108.84 7,760,305.86 8,923,191.10 Average Daily Balance 206,333,903.95 206,116,107.32 Effective Rate of Return 1.85% 2.72% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on December 15,2008. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provide Union Bank via Interactive Data Corporation. r 7— %jfARj,IZFREIDENRttH,CPA,CITY TREASURER Reporting period 07/01/2009-07/3112009 Portfolio CITY AP Run Date:08/27/2009-16:13 PM(PRF_PM1)SyrnRept 6.42 Report Ver.5.00 City of 1113 Portfolio Management Page 2 Portfolio Details - Investments July 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331GBC2 3670 Federal Farm Credit Bank 09/15/2008 2,000,000.00 2,006,260.00 2,000,000.00 3.300 AAA 3.300 410 09/15/2010 31331GBS7 3678 Federal Farm Credit Bank 09/17/2008 2,000,000.00 2,006,260.00 2,005,638.89 3.100 AAA 2.841 412 09/17/2010 31331GCHO 3680 Federal Farm Credit Bank 09/29/2008 2,000,000.00 2,010,000.00 2,000,000.00 3.750 AAA 3.750 789 09/29/2011 31331XH47 3713 Federal Farm Credit Bank 01/09/2009 2,025,000.00 2,025,000.00 2,025,526.50 5.250 AAA 0.555 2 08/03/2009 31331GSB6 3727 Federal Farm Credit Bank 04/09/2009 2,000,000.00 2,011,260.00 2,000,000.00 2.200 AAA 2.200 982 04/09/2012 31331GWQB 3751 Federal Farm Credit Bank 06/16/2009 2,000,000.00 1,995,000.00 1,978,459.72 1.800 AAA 2.198 1,024 05/21/2012 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,011,260.00 2,000,000.00 5.300 AAA 5.300 775 09/15/2011 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,091,260.00 2,000,000.00 5.600 AAA 5.600 1,084 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,030,620.00 2,000,000.00 4.500 AAA 4.500 1,234 12/17/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,033,120.00 2,000,000.00 4.200 AAA 4.200 1,263 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,035,620.00 2,000,000.00 4.150 AAA 4.150 1,277 01/29/2013 3133XGEQ3 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 2,000,620.00 2,000,558.79 5.250 AAA 2.672 4 08/05/2009 3133XR7F1 3648 Federal Home Loan Bank 05/12/2008 2,000,000.00 2,001,260.00 2,000,000.00 2.450 AAA 2.451 11 08/12/2009 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 2,001,260.00 1,999,949.78 2.500 AAA 2.579 12 08/13/2009 3133XS3F3 3666 Federal Home Loan Bank 08/27/2008 2,000,000.00 2,004,380.00 2,000,000.00 3.450 AAA 3.450 391 08/27/2010 3133XS5M6 3667 Federal Home Loan Bank 09/25/2008 2,000,000.00 2,007,500.00 2,000,000.00 3.000 AAA 3.000 55 09/25/2009 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,048,760.00 2,000,000.00 4.150 AAA 4.150 1,508 09/17/2013 3133XMD40 3720 Federal Home Loan Bank 02/23/2009 2,000,000.00 2,015,620.00 2,014,117.52 4.500 AAA 0.746 69 10/09/2009 3133XTZ25 3756 Federal Home Loan Bank 06/22/2009 2,000,000.00 2,000,620.00 2,000,000.00 0.500 AAA 0.500 417 09/22/2010 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,021,800.00 2,000,000.00 4.125 AAA 4.125 109 11/18/2009 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,061,700.00 1,998,486.67 3.375 AAA 3.438 461 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,070,920.00 1,992,595.33 3.250 AAA 3.480 621 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,043,040.00 2,000,000.00 3.250 AAA 3.250 664 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,059,920.00 1,981,869.83 3.700 AAA 4.002 1,210 11/23/2012 3128X72Q6 3697 Federal Home Loan Mort Corp 10/27/2008 1,000,000.00 1,004,410.00 998,793.92 3.375 AAA 3.480 433 10/08/2010 3128X8TZ5 3725 Federal Home Loan Mort Corp 04/08/2009 2,000,000.00 1,996,960.00 2,000,000.00 2.500 AAA 2.500 1,346 04/08/2013 3128X8XB3 3729 Federal Home Loan Mort Corp 04/22/2009 2,000,000.00 1,994,220.00 2,000,000.00 2.000 AAA 2.000 1,725 04/22/2014 3128X8XV9 3730 Federal Home Loan Mort Corp 04/27/2009 2,000,000.00 2,007,060.00 2,000,000.00 1.750 AAA 1.750 725 07/27/2011 3128X8S29 3754 Federal Home Loan Mort Corp 06/30/2009 2,000,000.00 2,008,880.00 2,000,000.00 3.000 AAA 3.000 1,794 06/30/2014 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,027,500.00 2,000,000.00 4.600 AAA 4.600 1,231 12/14/2012 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 2,036,260.00 1,998,887.50 3.050 AAA 3.128 270 04/28/2010 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,075,000.00 1,998,502.22 4.000 AAA 4.022 1,367 04/29/2013 31359MU68 3681 Fed.Nat'l Mort.Assoc. 09/23/2008 2,000,000.00 2,003,120.00 2,001,854.78 5.375 AAA 2.938 14 08/15/2009 31398ATR3 3686 Fed.Nat'l Mort.Assoc. 10/06/2008 2,000,000.00 2,007,500.00 2,000,000.00 4.550 AAA 4.549 1,495 09/04/2013 31359MU68 3694 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,003,120.00 2,001,714.64 5.375 AAA 3.119 14 08/15/2009 31359MEY5 3695 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,014,380.00 2,008,301.06 6.625 AAA 3.150 45 09/15/2009 Portfolio CITY AP Run Date:08/27/2009-16:13 PM(PRF PM2)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments July 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31359MEY5 3699 Fed.Nat'l Mort.Assoc. 11/20/2008 1,198,000.00 1,206,613.62 1,204,675.66 6.625 AAA 2.001 45 09/15/2009 31398ATM4 3700 Fed.Nat'l Mort.Assoc. 12/10/2008 3,000,000.00 3,007,500.00 3,026,861.22 4.000 AAA 3.541 755 08/26/2011 31398ASX1 3703 Fed.Nat'l Mort.Assoc. 12/15/2008 2,000,000.00 2,000,000.00 2,017,318.00 3.750 AAA 2.863 368 08/04/2010 31398ATM4 3707 Fed.Nat'l Mort.Assoc. 12/22/2008 2,000,000.00 2,005,000.00 2,025,734.96 4.000 AAA 3.343 755 08/26/2011 3136F91375 3710 Fed.Nat'l Mort.Assoc. 12/30/2008 2,000,000.00 2,005,000.00 2,038,271.60 4.500 AAA 3.979 1,487 08/27/2013 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000,000.00 2,007,500.00 2,000,000.00 2.000 AAA 2.000 909 01/27/2012 31398ATM4 3721 Fed.Nat'l Mort.Assoc. 03/23/2009 3,000,000.00 3,007,500.00 3,036,635.57 4.000 AAA 3.379 755 08/26/2011 Subtotal and Average 100,012,682.42 86,223,000.00 87,010,583.62 86,354,754.16 3.171 715 Local Agency Investment Funds SYS982 982 LaifCity 29,609,186.70 29,609,186.70 29,609,186.70 1.035 NR 1.035 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 1.035 NR 1.035 1 Subtotal and Average 59,579,225.55 59,609,186.70 59,609,186.70 59,609,186.70 1.035 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,002,900.00 2,000,021.34 4.875 AAA 4.834 14 08/15/2009 912828HB9 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,005,620.00 2,003,055.84 4.000 AAA 2.099 30 08/31/2009 9128275NB 3683 US Treasury Notes 09/24/2008 2,000,000.00 2,003,600.00 2,003,001.92 6.000 AAA 2.032 14 08/15/2009 Subtotal and Average 6,010,846.23 6,000,000.00 6,012,120.00 6,006,079.10 2.988 19 Medium Term Notes 06050BAJO 3734 Bank of America FDIC Insured 04/30/2009 2,000,000.00 2,024,760.00 2,030,494.31 2.375 Aaa 1.830 1,056 06/22/2012 084664AFB 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,056,480.00 1,979,699.69 4.200 Aaa 5.023 501 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,010,200.00 1,995,222.76 2.000 P-1 2.093 972 03/30/2012 17313YAB7 3739 Citigroup FDIC Insured 05/05/2009 2,000,000.00 2,004,960.00 1,999,489.28 1.375 P-1 1.390 642 05/05/2011 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,022,040.00 2,027,901.74 2.250 Aaa 1.701 954 03/12/2012 36967HAHO 3735 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,017,100.00 2,019,309.07 2.200 Aaa 1.850 1,042 06/08/2012 36186CBF9 3763 GMAC FDIC Insured 06/30/2009 2,000,000.00 2,005,940.00 1,989,624.08 2.200 Aaa 2.361 1,236 12/19/2012 38146FAFB 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000,000.00 2,014,600.00 2,006,687.12 1.625 Aaa 1.450 713 07/15/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000,000.00 2,017,180.00 2,023,915.27 2.200 Aaa 1.770 1,049 06/15/2012 49328CAA3 3770 Key Bank FDIC Insured 06/30/2009 2,000,000.00 2,073,180.00 2,066,583.77 3.200 Aaa 2.000 1,049 06/15/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000.00 2,027,660.00 2,025,598.63 2.000 Aaa 1.390 782 09/22/2011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 996,160.00 1,003,788.33 1.800 Aaa 1.660 1,018 05/15/2012 Subtotal and Average 23,170,507.75 23,000,000.00 23,270,260.00 23,168,314.05 2.055 914 Portfolio CITY Run Date:08/27/2009-16:13 AP PM(PRF_PM2)SyrnRept 6.42 City of IiB Portfolio Management Page 4 Portfolio Details - Investments July 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Commercial Paper Disc.-Amortizing Subtotal and Average 9,660,669.88 Federal Agency Disc.-Amortizing 313385JY3 3773 Federal Home Loan Bank 07/31/2009 10,000,000.00 10,000,000.00 9,999,950.00 0.090 AAA 0.093 2 08/03/2009 313397KNO 3772 Federal Home Loan Mort Corp 07/31/2009 5,200,000.00 5,200,000.00 5,199,745.78 0.110 AAA 0.113 16 08/17/2009 Subtotal and Average 4,244,262.44 15,200,000.00 15,200,000.00 15,199,695.78 0.100 7 Bank Sweep qti►M iR.k �'DD�• V S�rtI. SYS3789 3789 liN1�H-B. 07/07/2009 1,031,000.00 1,031,000.00 1,031,000.00 0.020 AAA 0.020 1 Subtotal and Average 3,655,709.68 1,031,000.00 1,031,000.00 1,031,000.00 0.020 1 Total and Average 206,333,903.95 191,063,186.70 192,133,150.32 191,369,029.79 2.104 435 Portfolio CITY AP Run Date:08/27/2009-16:13 PM(PRF_PM2)SymRept 6.42 City of BBB Portfolio Management Page 5 Portfolio Details - Cash July 31, 2009 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 27,427.78 27,427.78 0 Subtotal 27,427.78 27,427.78 Total Cash and Investments 206,333,903.95 191,063,186.70 192,160,678.10 191,396,457.57 2.104 436 Portfolio CITY AP Run Date:08/27/2009-16:13 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 6 Activity By Type July 1, 2009 through July 31, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133XQZM7 3689 Federal Home Loan Bank 2.530 07/28/2009 0.00 2,000,000.00 3133XSE87 3691 Federal Home Loan Bank 4.050 07/15/2009 0.00 2,000,000.00 3133XQZM7 3767 Federal Home Loan Bank 2.530 07/28/2009 0.00 5,500,000.00 3134A4US1 3698 Federal Home Loan Mort Corp 4.250 07/15/2009 0.00 1,662,000.00 3134A4US1 3766 Federal Home Loan Mort Corp 4.250 07/15/2009 0.00 2,812,000.00 3136F9WQ2 3661 Fed.Nat'l Mort.Assoc. 4.000 07/02/2009 0.00 2,000,000.00 31398ATAO 3704 Fed.Nat'l Mort.Assoc. 4.330 07/28/2009 0.00 2,023,043.05 31398ATAO 3724 Fed.Nat'1 Mort.Assoc. 4.330 07/28/2009 0.00 1,010,649.46 31398AFA5 3752 Fed.Nat'l Mort.Assoc. 5.125 07/13/2009 0.00 1,146,000.00 31398AFA5 3768 Fed.Nat'l Mort.Assoc. 5.125 07/13/2009 0.00 2,650,000.00 Subtotal 0.00 22,803,692.51 86,354,754.16 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.035 110,116.52 500,000.00 SYS2206 2206 LAIF-Redevelopment Agency 1.035 112,835.76 112,835.76 Subtotal 222,952.28 612,835.76 59,609,186.70 Treasury Securities-Coupon Subtotal 6,006,079.10 Medium Term Notes Subtotal 23,168,314.05 Commercial Paper Disc.-Amortizing 17314GU64 3716 Citigroup FDIC Insured 0.550 07/06/2009 0.00 2,000,000.00 36959HUF2 3769 General Electric Capital Corp 0.150 07/15/2009 0.00 3,000,000.00 36959HUX3 3771 General Electric Capital Corp 0.150 07/20/2009 8,499,610.42 0.00 36959HUX3 3771 07/31/2009 0.00 8,500,000.00 36161 CUD2 3718 GE Capital FDIC Insured 0.680 07/13/2009 0.00 2,000,000.00 36161CUQ3 3719 GE Capital FDIC Insured 0.680 07/24/2009 0.00 2,000,000.00 90262CUF2 3747 UBS Finance Delaware LLC 0.250 07/15/2009 0.00 6,000,000.00 Subtotal 8,499,610.42 23,500,000.00 0.00 Federal Agency Disc.-Amortizing 313385JY3 3773 Federal Home Loan Bank 0.090 07/31/2009 9,999,925.00 0.00 313397JA 3759 Federal Home Loan Mort Corp 0.160 07/20/2009 0.00 6,000,000.00 Portfolio CITY AP Run Date:08/27/2009-16:13 PM(PRF_PM3)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity By Type July 1, 2009 through July 31, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Disc.-Amortizing 313397KNO 3772 Federal Home Loan Mort Corp 0.110 07/31/2009 5,199,729.89 0.00 313589HQ9 3693 Fed.Nat'l Mort.Assoc. 2.940 07/02/2009 0.00 2,377,000.00 Subtotal 15,199,654.89 8,377,000.00 16,199,695.78 Bank Sweep (Monthly Summary) SYS3789 3789 UNION BANK OF CALIFORNIA 0.020 4,679,000.00 3,648,000.00 Subtotal 4,679,000.00 3,648,000.00 1,031,000.00 Total 28,601,217.59 58,941,528.27 191,369,029.79 Portfolio CITY AP Run Date:08/27/2009-16:13 PM(PRF_PM3)SymRept 6.42 City of FlB Portfolio Management Page 8 Activity Summary July 2008 through July 2009 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity July 2008 87 228,997,955.43 3.569 3.619 2.787 2 8 701 509 August 2008 74 204,646,757.05 3.458 3.506 2.779 1 14 684 483 September 2008 72 196,403,906.46 3.391 3.438 2.774 17 19 675 499 October 2008 76 195,260,549.78 3.352 3.399 2.774 14 10 685 531 November 2008 72 189,756,578.31 3.270 3.315 2.568 2 6 667 505 December 2008 77 200,279,167.62 3.040 3.082 2.355 12 7 638 487 January 2009 79 209,134,703.76 2.811 2.850 2.046 8 6 628 466 February 2009 74 207,184,404.24 2.676 2.713 1.869 1 6 585 417 March 2009 73 199,977,655.16 2.626 2.663 1.822 4 5 597 414 April 2009 83 203,124,393.45 2.393 2.427 1.607 14 4 637 457 May 2009 80 228,319,866.33 2.313 2.345 1.530 5 8 596 406 June 2009 77 221,774,096.95 2.109 2.138 1.377 27 30 590 414 July 2009 63 206,333,903.95 2.075 2.104 1.035 4 18 635 435 Average 76 207,056,565.42 2.853% 2.892% 2.102 9 11 640 463 Portfolio CITY AP Run Date:08/27/2009-16:13 PM(PRF_PM4)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 9 Distribution of Investments By Type July 2008 through July 2009 July August September October November December January February March April May June July Average Security Type 2008 2008 2008 2008 2008 2008 2009 2009 2009 2009 2009 2009 2009 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 54.2 53.1 54.1 62.6 61.1 58.4 57.3 56.2 54.9 52.4 48.6 49.3 45.1 54.4% Local Agency Investment Funds 21.8 27.7 28.5 23.7 28.3 28.6 26.9 29.4 29.6 22.6 26.7 27.1 31.2 27.1% Treasury Securities-Coupon 8.4 6.1 5.2 3.2 3.2 2.9 2.9 3.0 3.0 2.7 2.7 2.7 3.1 3.8% Medium Term Notes 1.8 2.0 2.0 1.0 1.0 0.9 0.9 1.0 2.0 7.3 8.5 10.5 12.1 3.9% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 0.9 1.0 6.1 6.2 4.2 8.1 10.9 9.3 9.4 9.5 8.0 6.8 6.2% Federal Agency Disc.-Amortizing 9.1 6.0 3.1 2.3 2.3 1.1 1.1 1.2 1.2 5.6 5.5 3.8 7.9 3.9% Treasury Discounts-Amortizing 3.7 4.1 1.0 1.0 0.8% Miscellaneous Discounts-Amortizing Bank Sweep 0.5 Rolling Repurchase Agreements Portfolio CITY AP Run Date:08/27/2009-16:13 PM(PRF_PM5)SymRept 6.42 Report Ver 5 00 City of 1-113 Portfolio Management Page 10 Interest Earnings Summary July 31, 2009 July 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 357,243.30 4,011,826.50 Plus Accrued Interest at End of Period 1,357,876.65 1,357,876.65 Less Accrued Interest at Beginning of Period ( 1,335,243.97) ( 1,248,397.79) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 379,875.98 4,121,305.36 Adjusted by Premiums and Discounts -74,552.96 -308,362.53 Adjusted by Capital Gains or Losses -33,692.51 -25,906.13 Earnings during Periods 271,630.51 3,787,036.70 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 223,002.28 1,193,266.69 Plus Accrued Interest at End of Period 54,405.83 54,405.83 Less Accrued Interest at Beginning of Period ( 224,973.42) ( 359,492.69) Interest Earned during Period 52,434.69 888,179.83 Total Interest Earned during Period 432,310.67 5,009,485.19 Total Adjustments from Premiums and Discounts -74,552.96 -308,362.53 Total Capital Gains or Losses -33,692.61 -25,906.13 Total Earnings during Period 324,065.20 4,675,216.53 Portfolio CITY AP Run Date:08/27/2009-16:13 PM(PRF_PM6)SymRept 6.42 Report Ver.5.00 Statement of Cash Receipts, Disbursements, and Investment Fund Balances Office of the City Treasurer July 2009 Cash Receipts and Disbursements June 2009 July 2009 Receipts Property Tax Receipts $379,760 $1,160,420 Utility Tax Receipts 1,625,882 1,664,149 Sales Tax Receipts 1,460,478 1,292,700 Highway Users Tax Receipts 1,369,892 (1) 0 (2) Transient Occupancy Tax Receipts 429,830 518,406 All Other Receipts 23,128,326 19,354,148 CaIPERS Pension Prepayment $0 -$14,959,310 (3) All Other Disbursements -$34,053,657 -$37,370,435 Net Change in Cash Flow -$5,659,489 -$28,339,922 Summary of Cash by Fund June 2009 July 2009 General Fund $52,237,018 $29,427,681 Government Funds 549,491 606,752 Capital Funds 19,397,724 17,229,713 Debt Service Funds 9,938,907 6,211,701 Enterprise Funds 93,503,143 90,404,650 Fiduciary Funds 27,599,930 27,257,666 Special Revenue Funds 20,012,092 20,387,509 $223,238,305 * $191,525,672 " (1) The State of California deferred tax payments for March through May and made the four months of payments in June. (2) The State of California has deferred tax payments for July through December and will make these in January 2010. (3) Item represents a significant cash payment during the month. * Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences. Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts&Disbursements.xls July 2009 State of California Pooled Money Investment Account Market Valuation 7/31/2009 United States Treasury: Federal Agency: Fair Value Including Accrued Interest $ 64.718.882.881.59 Repurchase Agreements, Time Deposits,AB55&Gene ra( Fund loans, and ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of June 30, 2009 Summary of investments by type Market Value Market Value Par Value Investment Type as of 5/31/09 as of 6/30/09 $5,822,587 Local Agency Investment Fund (LAIF) $5,822,587 $5,822,587 $0 Federal Agency Issues $0 $0 $6,798,361 Investment Agreements $6,798,361 $6,798,361 $3,245,143 Money Market Funds $3,237,493 $3,245,143 $0 US Treasury Securities $0 $0 $15,866,091 $15,858,441 $15,866,091 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 5/31/09 as of 6/30/09 $2,511,426 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,511,426 $2,511,426 $2,190,226 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,190,224 $2,190,226 $1,649,399 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,399 $1,649,399 $516,600 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $516,600 $516,600 $2,042,277 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,042,275 $2,042,277 $2,621,904 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,621,792 $2,621,904 $1,268,396 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,268,345 $1,268,396 $173,220 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $173,220 $173,220 $1,395,163 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase I) $1,395,104 $1,395,163 $761,862 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $761,862 $761,862 $560,313 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $560,054 $560,313 $175,305 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $168,140 $175,305 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $15,866,091 $15,858,441 $15,866,091 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of June 30, 2009 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (3-31-09) (6-30-09) ICMA Retirement Corporation (457 Plan) $21,412,658 $715,756 ($440,828) $1,779,542 ($265) $23,466,863 ICMA Retirement Corporation (401 Plan) $801,969 $26,398 $0 $64,103 $0 $892,470 Nationwide Retirement Solutions (457 Plan)* $44,197,876 $1,127,189 ($899,654) $3,061,713 ($350) $47,486,774 Total Deferred Compensation Plan Balances $66,414,048 ($1,340,482) $4,905,358 ($615) $69,978,309 ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information as of June 30, 2009 Beginning Balance Contributions Distributions/ Earnings Other Ending (3-31-09) Transfers (change in value) Balance (6-30-09) CaIPERS Retiree Medical Trust Account $5,712,161 $1,057,171 ($3,917) $6,765,415 ATTAC H M E N T #5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM July Report q r Shari L . Freidenrich , CPA, CCMT, CPFA, CPFIM September 21 , 2009 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM $ in 000®s Financial Information: June July Inc./(Dec.) End of Month City Portfolio $221 .784 $191 .369 ($30.415) End of Month Market Value $222.673 $192. 133 ($30.540) Interest Earned for Month $0.390 $0.324 ($0.066) Earned Interest Yield Year to Date 2.82% 2.72% (0. 10%) Average Maturity ( in days) 414 435 21 YTD Average Daily Balance $206.091 $206. 116 $0.025 $ in 000°s Change From YTD Change Bgt. Change Receipts Thru July 09 Same Month % From Last % From Prior Last Year Year Yr. Receipts Propert Tax Receipts (Total) ($8) (0.7%) $2,350 2.7% 4.4% JRR� Property Tax Receipts (GF) $69 7.4% $619 0.9% (2.9%)1 % Sales Tax Receipts ($202 13.5% o o( ) ($2,016) (14. 1 /o) 5.5 /oUtility Users Tax ($97) (5.5%) ($281 ) (1 .8%) 7.7% Transient Occupancy Tax ($55) (9.6%) ($924) (20.4%) 12. 1% Red Highway Users Tax ($47) (15.7%) ($221 ) (8.4%) 4.8% ea Real Property Transfer Tax ($29 /o 35.7 ,E y ( ° ) ($150) (28.6%) 34.9% Foreclosures (15) (32.6%) 11 4.6% N/A3Rea% Difference between YTD % and Budget % is equal to or greater than 0% - . Difference between YTD % and Budget % is between (5%) and 0% Red Difference between YTD % and Budget % is greater than (5%) ATTACHMENT #6 I. MEDIUM-TERM CORPORATE NOTES, maximum 20% of portfolio (30% with Council approval), with a maximum remaining maturity of five years or less. Notes eligible for investment shall be "A" rated or its equivalent or better as determined by a nationally recognized rating service. J. TIME DEPOSITS-CERTIFICATES OF DEPOSIT (non-negotiable certificates of deposit.) (maximum of 3 years) Deposits must be made with banks or savings & loan that have a short term rating of Al/PI or a long term rating of at least a single A from a generally recognized authority on ratings. K. OBLIGATIONS OF THE STATE OF CALIFORNIA Obligations must be"A"rated or better from a nationally recognized authority on ratings. L. MONEY MARKET FUNDS, maximum 15% of portfolio. (Requires City Council approval for each transaction) No more than 10 percent of the agency's surplus,funds may be invested in shares of beneficial interest of any one Money Market fund. Local agencies may invest in "shares of beneficial interest" issued by diversified management companies which invest only in direct obligations in US Treasury bills, notes and bonds, and repurchase agreements with a weighted average of 60 days or less. They must have the highest rating from two nationally recognized statistical-rating organization (NRSRO), must maintain a daily principal per share value of$1.00 per share and distribute interest monthly, and must have a minimum of $500 million in assets under management. The purchase price of the shares may not include commission. M. THE LOCAL AGENCY INVESTMENT FUND (LAIF) Is a special fund of the California State Treasury through which any local government may pool investments. The city may invest up to $60,000,000 in this fund. Currently, the city has established two(2)agency funds through which the Treasurer may invest the unexpended cash for all funds: The City of Huntington Beach City Fund, and the Huntington Beach Redevelopment Agency Funds. Investments in LAIF are highly liquid and may be converted to cash within 24 hours. 10.1 Investment Pools: The City Treasurer or designee shall be required to investigate all local government investment pools and money market mutual funds prior to investing and performing at least a quarterly review thereafter while the City is invested in the pool or the money market fund. LAIF is authorized under provisions in Section 16429.1 of the California Government Code as an allowable investment for local agencies even though some of the 0809 investment policy.doc 9 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's July 2009 Investment Summary Report and Approve Daily Investment Sweep to a Money Market Fund COUNCIL MEETING DATE: September 21, 2009 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Ap licable Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Ap licable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable REVIEWED RETURNED FORWARDED Administrative Staff ( ) ) Deputy City Administrator (Initial) ( ) ( ) City Administrator (Initial) ( ) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: : - . RCA Author: SLF CITY OF HUNTINGTON BEACH _ INTERDEPARTMENTAL COMMUNICATION OFFICE OF THE CITY TREASURER TO: Joan L. Flynn, City Clerk VIA: Shari L. Freidenrich, City Treas DATE: August 3, 2009 SUBJECT: LATE COMMUNICATION - AGENDA ITEM 1 The Portfolio Management Summary page at 1-7 was inadvertently not signed. I have attached the signed copy. SLF/sf Attachment y 'O` `�OOAPOA�7°o F City of Huntington Beach v= City of 1-113 2000 Main St Portfolio Management Huntington Beach FpGUNTY cP��F Portfolio Summary June 30, 2009 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 108,993,000.00 110,041,377.08 109,221,821.84 49.25 919 634 2.817 2.856 Local Agency Investment Funds 59,999,070.18 59,999,070.18 59,999,070.18 27.05 1 1 1.358 1.377 Treasury Securities-Coupon 6,000,000.00 6,038,040.00 6,015,931.17 2.71 615 50 2.945 2.986 Medium Term Notes 23,000,000.00 23,219,080.00 23,173,004.36 10.45 1,070 945 2.026 2.054 Commercial Paper Disc.-Amortizing 15,000,000.00 14,998,200.00 14,997,766.67 6.76 83 14 0.385 0.391 Federal Agency Disc.-Amortizing 8,377,000.00 8,377,000.00 8,376,299.21 3.78 91 14 0.976 0.990 221,369,070.18 222,672,767.26 221,783,893.43 100.00% 590 414 2.109 2.138 Investments Cash and Accrued Interest Accrued Interest at Purchase 210,375.31 210,375.31 Subtotal 210,375.31 210,375.31 Total Cash and Investments 221,369,070.18 222,883,142.67 221,994,268.74 590 414 2.109 2.138 Total Earnings June 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 390,946.98 4,351,151.33 Current Budget 445,416.66 4,008,750.00 5,345,000.00 Last Year Actual 705,323.50 7,084,197.02 8,923,191.10 Average Daily Balance 221,774,096.95 206,091,375.83 Effective Rate of Return 2.14% 2.82% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on December 15,2008. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Ma et Values provid d by Union Bank via Interactive Data Corporation. -7 30 05 SH L. FREIDENRICH,CPA,CITY TREASURER ReportingP—R nd 06/01/2009-06130/2009 Portfolio CITY l AP Run Date:07121a,..,3-17:36 PM(PR SymRept 6.42 .report Ver.5.00 5 Council/Agency Meeting Held: 3 Deferred/Continued to: roved ❑ Co i ionall pproved ❑ Denied City erk' Ignatur by V Council Meeting Date: 8/3/2009 Department ID Number: CT 09-016 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASU PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASU wj!�!� SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JUNE 2009 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental.Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for June 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for June 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: Maintain and enhance our financial reserves, Improve internal and external communication. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 8/3/2009 'DEPARTMENT ID NUMBER: CT 09-016 Attachment(s): City Clerk's . . - Number No. Description 1. Monthly Investment Report and Summary of Investments for June 2009 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. June 2009 PowerPoint Presentation -2- 7/20/2009 4:05 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for June 2009 City Investment Portfolio: May June Inc./(Dec.) End of month City Portfolio Balance $224,692,075 $221,783,893 ($2,908,182) End of Month Market Value $225,829,755 $222,672,767 ($3,156,988) End of month General Fund Balance $51,236,561 $52,237,018 $1,000,457 Monthly Effective Rate of Return 2.29% 2.14% -0.15% Average Maturity ( in days) 406 414 8 End of month bank cash balance $4,839,611 $2,325,790 ($2,513,821) Bond Proceeds Investments:* April May Inc./(Dec.) End of Month Bond Reserve Par Value $15,854,739 $15,858,441 $3,702 End of Month Bond Reserve Market Value $15,854,739 $15,858,441 $3,702 Deferred Compensation Investments:** December March Inc./(Dec.) Participant Balances $68,561,196 $66,412,503 ($2,148,693) Retiree Medical Trust:** December March Inc./(Dec.) Trust Balance $6,465,748 $5,712,161 ($753,587) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $445,417 $390,947 ($54,470) Interest Earned Year to Date $4,008,750 $4,351,151 $342,401 Earned Interest Yield Year to Date 3.50% 2.82% -0.68% Average Daily Balance $152,714,286 $206,091,376 $53,377,090 *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. June % of Total Policy Limit to Mat. Rate Federal Agency Issues - Coupon $109,221,822 49% None 634 2.86% Local Agency Inv. Fund (LAIF) $59,999,070 27% 60 million 1 1.38% Treasury Securities - Coupon $6,015,931 3% None 50 2.99% Medium Term Notes $23,173,004 10% 20% 945 2.05% Commercial Paper Disc. -Amortizing $14,997,767 7% 25% 14 0.39% Federal Agency Disc. -Amortizing $8,376,299 4% None 14 0.99% $221,783,893 100% 414 2.14% tAT I N6Toti O` \HOOP P 09AIF0 _-: F City of Huntington Beach City of HB 2000 Main St Portfolio Management Huntington Beach UNTV CP��F Portfolio Summary June 30, 2009 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 108,993,000.00 110,041,377.08 109,221,821.84 49.25 919 634 2.817 2.856 Local Agency Investment Funds 59,999,070.18 59,999,070.18 59,999,070.18 27.05 1 1 1.358 1.377 Treasury Securities-Coupon 6,000,000.00 6,038,040.00 6,015,931.17 2.71 615 50 2.945 2.986 Medium Term Notes 23,000,000.00 23,219,080.00 23,173,004.36 10.45 1,070 945 2.026 2.054 Commercial Paper Disc.-Amortizing 15,000,000.00 14,998,200.00 14,997,766.67 6.76 83 14 0.385 0.391 Federal Agency Disc.-Amortizing 8,377,000.00 8,377,000.00 8,376,299.21 3.78 91 14 0.976 0.990 221,369,070.18 222,672,767.26 221,783,893.43 100.00% 590 414 2.109 2.138 Investments Cash and Accrued Interest Accrued Interest at Purchase 210,375.31 210,375.31 Subtotal 210,375.31 210,375.31 Total Cash and Investments 221,369,070.18 222,883,142.57 221,994,268.74 590 414 2.109 2.138 Total Earnings June 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 390,946.98 4,351,151.33 Current Budget 445,416.66 4,008,750.00 5,345,000.00 Last Year Actual 705,323.50 7,084,197.02 8,923,191.10 Average Daily Balance 221,774,096.95 206,091,375.83 Effective Rate of Return 2.14% 2.82% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on December 15,2008. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Interactive Data Corporation. SHARI L. FREIDENRICH, CPA, CITY TREASURER Reporting period 06/01/2009-06/30/2009 Portfolio CITY AP Run Date:07/23/2009-17:36 PM(PRF_PM1)SynnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments June 30, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331GBC2 3670 Federal Farm Credit Bank 09/15/2008 2,000,000.00 2,011,260.00 2,000,000.00 3.300 AAA 3.300 441 09/15/2010 31331GBS7 3678 Federal Farm Credit Bank 09/17/2008 2,000,000.00 2,010,620.00 2,006,055.56 3.100 AAA 2.841 443 09/17/2010 31331GCHO 3680 Federal Farm Credit Bank 09/29/2008 2.000,000.00 2,014,380.00 2,000,000.00 3.750 AAA 3.750 820 09/29/2011 31331XH47 3713 Federal Farm Credit Bank 01/09/2009 2,025,000.00 2,033,869.50 2,033,424.00 5.250 AAA 0.555 33 08/03/2009 31331GSB6 3727 Federal Farm Credit Bank 04/09/2009 2,000,000.00 2,013.120.00 2,000,000.00 2.200 AAA 2.200 1,013 04/09/2012 31331GWQ8 3751 Federal Farm Credit Bank 06/16/2009 2,000,000.00 1,993.120.00 1,977,819.91 1.800 AAA 2.198 1,055 05/21/2012 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2.019,380.00 2,000,000.00 5.300 AAA 5.300 806 09/15/2011 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,099,380.00 2,000,000.00 5.600 AAA 5.600 1,115 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,036.880.00 2,000,000.00 4.500 AAA 4.500 1,265 12/17/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,040,000.00 2,000,000.00 4.200 AAA 4.200 1,294 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,041,880.00 2,000,000.00 4.150 AAA 4.150 1,308 01/29/2013 3133XGEQ3 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 2,009,380.00 2,004.749.70 5.250 AAA 2.672 35 08/05/2009 3133XR7F1 3648 Federal Home Loan Bank 05/12/2008 2,000,000.00 2,005,000.00 2,000,000.00 2.450 AAA 2.451 42 08/12/2009 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 2,005,000.00 1,999,824.22 2.500 AAA 2.579 43 08/13/2009 3133XS3F3 3666 Federal Home Loan Bank 08/27/2008 2,000,000.00 2,009,380.00 2,000,000.00 3.450 AAA 3.450 422 08/27/2010 3133XS5M6 3667 Federal Home Loan Bank 09/25/2008 2,000,000.00 2,013,120.00 2,000,000.00 3.000 AAA 3.000 86 09/25/2009 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,051,260.00 2,000,000.00 4.150 AAA 4.150 1,539 09/17/2013 3133XQZM7 3689 Federal Home Loan Bank 10/16/2008 2,000,000.00 2,003,120.00 1,999,383.40 2.530 AAA 2.951 27 07/28/2009 3133XSE87 3691 Federal Home Loan Bank 10/15/2008 2,000,000.00 2,002,500.00 2,000,000.00 4.050 AAA 4.052 744 07/15/2011 3133XMD40 3720 Federal Home Loan Bank 02/23/2009 2,000,000.00 2,023,120.00 2,020,345.84 4.500 AAA 0.746 100 10/09/2009 3133XTZ25 3756 Federal Home Loan Bank 06/22/2009 2,000,000.00 2,001,260.00 2,000,000.00 0.500 AAA 0.500 448 09/22/2010 3133XQZM7 3767 Federal Home Loan Bank 06/30/2009 5,500,000.00 5,508,580.00 5,509,917.68 2.530 AAA 0.125 27 07/28/2009 3128X31<85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,028,980.00 2,000,000.00 4.125 AAA 4.125 140 11/18/2009 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,065,900.00 1,998,386.67 3.375 AAA 3.438 492 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,071,320.00 1,992,232.95 3.250 AAA 3.480 652 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,045,500.00 2,000.000.00 3.250 AAA 3.250 695 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,066,500.00 1,981,413.53 3.700 AAA 4.002 1,241 11/23/2012 3128X72Q6 3697 Federal Home Loan Mort Corp 10/27/2008 1,000,000.00 1,006,530.00 998,709.19 3.375 AAA 3.480 464 10/08/2010 3134A4US1 3698 Federal Home Loan Mort Corp 11/20/2008 1,662,000.00 1,664,592.72 1,663,500.04 4.250 AAA 1.900 14 07/15/2009 3128X8TZ5 3725 Federal Home Loan Mort Corp 04/08/2009 2,000,000.00 1,994,740.00 2,000,000.00 2.500 AAA 2.500 1,377 04/08/2013 3128X8XB3 3729 Federal Home Loan Mort Corp 04/22/2009 2,000,000.00 2,000,200.00 2,000,000.00 2.000 AAA 2.000 1,756 04/22/2014 3128X8XV9 3730 Federal Home Loan Mort Corp 04/27/2009 2,000,000.00 2,004,900.00 2,000,000.00 1.750 AAA 1.750 756 07/27/2011 3128X8S29 3754 Federal Home Loan Mort Corp 06/30/2009 2,000,000.00 2,015,260.00 2,000,000.00 3.000 AAA 3.000 1,825 06/30/2014 3134A4US1 3766 Federal Home Loan Mort Corp 06/30/2009 2,812,000.00 2,816,386.72 2,816,514.20 4.250 AAA 0.119 14 07/15/2009 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,033,760.00 2,000,000.00 4.600 AAA 4.600 1,262 12/14/2012 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 2,040,620.00 1,998,762.50 3.050 AAA 3.128 301 04/28/2010 Portfolio CITY AP Run Date:07/23/2009-17:36 PM(PRF_PM2)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments June 30, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,083,760.00 1,998,468.89 4.000 AAA 4.022 1,398 04/29/2013 3136F9WQ2 3661 Fed.Nat'l Mort.Assoc. 07/02/2008 2,000,000.00 2,000,000.00 2,000,000.00 4.000 AAA 4.000 366 07/02/2010 31359MU68 3681 Fed.Nat'l Mort.Assoc. 09/23/2008 2,000,000.00 2,012,500.00 2,005,829.32 5.375 AAA 2.938 45 08/15/2009 31398ATR3 3686 Fed.Nat'l Mort.Assoc. 10/06/2008 2,000,000.00 2,015,000.00 2,000,000.00 4.550 AAA 4.549 1,526 09/04/2013 31359MU68 3694 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,012,500.00 2,005,388.87 5.375 AAA 3.119 45 08/15/2009 31359MEY5 3695 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,025,620.00 2,013,960.87 6.625 AAA 3.150 76 09/15/2009 31359MEY5 3699 Fed.Nat'l Mort.Assoc. 11/20/2008 1,198,000.00 1,213,346.38 1,209,227.25 6.625 AAA 2.001 76 09/15/2009 31398ATM4 3700 Fed.Nat'l Mort.Assoc. 12/10/2008 3,000,000.00 3,015,930.00 3,027,942.88 4.000 AAA 3.541 786 08/26/2011 31398ASX1 3703 Fed.Nat'l Mort.Assoc. 12/15/2008 2,000,000.00 2,006,260.00 2,018,749.24 3.750 AAA 2.863 399 08/04/2010 31398ATAO 3704 Fed.Nat'l Mort.Assoc. 12/15/2008 2,000,000.00 2,005,620.00 2,023,907.17 4.330 AAA 3.719 757 07/28/2011 31398ATM4 3707 Fed.Nat'l Mort.Assoc. 12/22/2008 2,000,000.00 2,010,620.00 2,026,771.27 4.000 AAA 3.343 786 08/26/2011 3136F9D75 3710 Fed.Nat'l Mort.Assoc. 12/30/2008 2,000,000.00 2,011,260.00 2,039,054.79 4.500 AAA 3.979 1,518 08/27/2013 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000,000.00 2,007,500.00 2,000,000.00 2.000 AAA 2.000 940 01/27/2012 31398ATM4 3721 Fed.Nat'l Mort.Assoc. 03/23/2009 3,000,000.00 3,015,930.00 3,038,110.82 4.000 AAA 3.379 786 08/26/2011 31398ATAO 3724 Fed.Nat'l Mort.Assoc. 03/31/2009 1,000,000.00 1,002,810.00 1,011,048.82 4.330 AAA 3.767 757 07/28/2011 31398AFA5 3752 Fed.Nat'l Mort.Assoc. 06/16/2009 1,146,000.00 1,147,787.76 1,147,894.72 5.125 AAA 0.161 12 07/13/2009 31398AFA5 3768 Fed.Nat'l Mort.Assoc. 06/30/2009 2,650,000.00 2,654,134.00 2,654,427.54 5.125 AAA 0.110 12 07/13/2009 Subtotal and Average 103,550,924.73 108,993,000.00 110,041,377.08 109,221,821.84 2.856 634 Local Agency Investment Funds SYS982 982 Laif City 29,999,070.18 29,999,070.18 29,999,070.18 1.377 NR 1.377 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 1.377 NR 1.377 1 Subtotal and Average 59,999,070.18 59,999,070.18 59,999,070.18 59,999,070.18 1.377 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,011,480.00 2,000,068.60 4.875 AAA 4.834 45 08/15/2009 9128281-169 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,012,340.00 2,006,213.53 4.000 AAA 2.099 61 08/31/2009 9128275N8 3683 US Treasury Notes 09/24/2008 2,000,000.00 2,014,220.00 2,009,649.04 6.000 AAA 2.032 45 08/15/2009 Subtotal and Average 6,020,539.39 6,000,000.00 6,038,040.00 6,015,931.17 2.986 50 Medium Term Notes 06050BAJO 3734 Bank of America FDIC Insured 04/30/2009 2,000,000.00 2,020,000.00 2,031,373.11 2.375 Aaa 1.830 1,087 06/22/2012 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,061,960.00 1,978,466.88 4.200 Aaa 5.023 532 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,004,520.00 1,995,073.31 2.000 P-1 2.093 1,003 03/30/2012 17313YAB7 3739 Citigroup FDIC Insured 05/05/2009 2,000,000.00 2,002,820.00 1,999,465.11 1.375 P-1 1.390 673 05/05/2011 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,017,700.00 2,028,791.28 2.250 Aaa 1.701 985 03/12/2012 Portfolio CITY AP Run Date:07/23/2009-17:36 PM(PRF_PM2)SyrnRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Investments June 30, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Medium Term Notes 36967HAHO 3735 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,010,240.00 2,019,873.11 2.200 Aaa 1.850 1,073 06/08/2012 36186CBF9 3763 GMAC FDIC Insured 06/30/2009 2,000,000.00 1,991,940.00 1,989.368.52 2.200 Aaa 2.361 1,267 12/19/2012 38146FAF8 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000,000.00 2,010,880.00 2,006,972.08 1.625 Aaa 1.450 744 07/15/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000,000.00 2,010,120.00 2,024,609.14 2.200 Aaa 1.770 1,080 06/15/2012 49328CAA3 3770 Key Bank FDIC Insured 06/30/2009 2,000,000.00 2,067,540.00 2,068,515.61 3.200 Aaa 2.000 1,080 06/15/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000.00 2,024,760.00 2,026,594.69 2.000 Aaa 1.390 813 09/22/2011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 996,600.00 1,003,901.52 1.800 Aaa 1.660 1,049 05/15/2012 Subtotal and Average 19,251,839.82 23,000,000.00 23,219,080.00 23,173,004.36 2.054 945 Commercial Paper Disc.-Amortizing 17314GU64 3716 Citigroup FDIC Insured 01/22/2009 2,000,000.00 1,999,940.00 1,999,847.22 0.550 P-1 0.559 5 07/06/2009 36959HUF2 3769 General Electric Capital Corp 06/30/2009 3,000,000.00 2,999,640.00 2,999,825.00 0.150 P-1 0.152 14 07/15/2009 36161CUD2 3718 GE Capital FDIC Insured 01/28/2009 2,000,000.00 1,999,800.00 1,999,546.67 0.680 P-1 0.692 12 07/13/2009 36161CUQ3 3719 GE Capital FDIC Insured 01/28/2009 2,000.000.00 1,999,540.00 1,999,131.11 0.680 P-1 0.692 23 07/24/2009 90262CUF2 3747 UBS Finance Delaware LLC 06/15/2009 6.000,000.00 5,999,280.00 5,999,416.67 0.250 P-1 0.254 14 07/15/2009 Subtotal and Average 22,545,486.40 15,000,000.00 14,998,200.00 14,997,766.67 0.391 14 Federal Agency Disc.-Amortizing 313397JJ1 3759 Federal Home Loan Mort Corp 06/23/2009 6,000,000.00 6,000,000.00 5,999,493.33 0.160 AAA 0.164 19 07/20/2009 313589HQ9 3693 Fed.Nat'l Mort.Assoc. 10/24/2008 2,377,000.00 2,377,000.00 2,376,805.88 2.940 AAA 3.073 1 07/02/2009 Subtotal and Average 10,406,236.43 8,377,000.00 8,377,000.00 8,376,299.21 0.990 14 Total and Average 221,774,096.95 221,369,070.18 222,672,767.26 221,783,893.43 2.138 414 Portfolio CITY AP Run Date:07/23/2009-17:36 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 5 Portfolio Details - Cash June 30, 2009 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 210,375.31 210,375.31 0 Subtotal 210,375.31 210,375.31 Total Cash and Investments 221,774,096.95 221,369,070.18 222,883,142.57 221,994,268.74 2.138 414 Portfolio CITY AP Run Date:07/23/2009-17:36 PM(PRF_PM2)SyrnRept 6 42 City of HB Portfolio Management Page 6 Activity By Type June 1, 2009 through June 30, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331XC67 3537 Federal Farm Credit Bank 5.050 06/08/2009 0.00 2,000,000.00 31331GWQB 3751 Federal Farm Credit Bank 1.800 06/16/2009 1,977,500.00 0.00 3133XLC50 3538 Federal Home Loan Bank 5.550 06/12/2009 0.00 2,000,000.00 3133XLA86 3540 Federal Home Loan Bank 5.350 06/15/2009 0.00 1,998,750.00 3133XSDY1 3688 Federal Home Loan Bank 3.560 06/30/2009 0.00 2,000,000.00 3133XTZ25 3756 Federal Home Loan Bank 0.500 06/22/2009 2,000,000.00 0.00 3133XQZM7 3767 Federal Home Loan Bank 2.530 06/30/2009 5,510,285.00 0.00 3137EAAT6 3682 Federal Home Loan Mort Corp 5.000 06/11/2009 0.00 2,000,000.00 3128X8BD3 3702 Federal Home Loan Mort Corp 1.250 06/17/2009 0.00 2,000,000.00 3128X8SN3 3722 Federal Home Loan Mort Corp 1.700 06/30/2009 0.00 2,000,000.00 3128X8S29 3754 Federal Home Loan Mort Corp 3.000 06/30/2009 2,000,000.00 0.00 3134A4US1 3766 Federal Home Loan Mort Corp 4.250 06/30/2009 2,816,836.64 0.00 3136F9Y23 3701 Fed.Nat'l Mort.Assoc. 2.500 06/10/2009 0.00 2,000,000.00 3136F9UY7 3708 Fed.Nat'l Mort.Assoc. 4.260 06/23/2009 0.00 2,023,644.77 31398AFA5 3752 Fed.Nat'l Mort.Assoc. 5.125 06/16/2009 1,150,263.12 0.00 31398AFA5 3768 Fed.Nat'l Mort.Assoc. 5.125 06/30/2009 2,654,796.50 0.00 Subtotal 18,109,681.26 18,022,394.77 109,221,821.84 Local Agency Investment Funds (Monthly Summary) Subtotal 59,999,070.18 Treasury Securities-Coupon Subtotal 6,015,931.17 Medium Term Notes 36186CBF9 3763 GMAC FDIC Insured 2.200 06/30/2009 1,989,360.00 0.00 49328CAA3 3770 Key Bank FDIC Insured 3.200 06/30/2009 2,068,580.00 0.00 Subtotal 4,057,940.00 0.00 23,173,004.36 Commercial Paper Disc.-Amortizing 17307RTV6 3745 Citigroup Global 0.370 06/12/2009 3,999,301.11 0.00 17307RTV6 3745 06/29/2009 0.00 4,000,000.00 17307RTN4 3757 Citigroup Global 0.250 06/19/2009 3,499,927.08 0.00 17307RTN4 3757 06/22/2009 0.00 3,500,000.00 17307RTW4 3765 Citigroup Global 0.180 06/29/2009 5,999,970.00 0.00 17307RTW4 3765 06/30/2009 0.00 6,000,000.00 Portfolio CITY AP Run Date.07/23/2009-17:36 PM(PRF_PM3)SyrnRept 6 42 Report Ver.5,00 City of HB Portfolio Management Activity By Type Page 7 June 1, 2009 through June 30, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Commercial Paper Disc.-Amortizing 17314GTK5 3715 Citigroup FDIC Insured 0.530 06/19/2009 0.00 2,000,000.00 17314GTC3 3728 Citigroup FDIC Insured 0.230 06/12/2009 0.00 4,000,000.00 36960LTQ8 3746 General Electric Capital Corp 0.190 06/12/2009 1,999,873.33 0.00 36960LTQ8 3746 06/24/2009 0.00 2,000,000.00 36959HUF2 3769 General Electric Capital Corp 0.150 06/30/2009 2,999,812.50 0.00 36161CTS1 3709 GE Capital FDIC Insured 0.480 06/26/2009 0.00 2,000,000.00 36161CTN2 3717 GE Capital FDIC Insured 0.580 06/22/2009 0.00 2,000,000.00 36161CTS1 3731 GE Capital FDIC Insured 0.200 06/26/2009 0.00 2,000,000.00 90262CUF2 3747 UBS Finance Delaware LLC 0.250 06/15/2009 5,998,750.00 0.00 90262CTG2 3749 UBS Finance Delaware LLC 0.250 06/15/2009 2,999,979.17 0.00 90262CTG2 3749 06/16/2009 0.00 3,000,000.00 90262CTHO 3750 UBS Finance Delaware LLC 0.210 06/16/2009 2,999,982.50 0.00 90262CTHO 3750 06/17/2009 0.00 3,000,000.00 90262CTJ6 3753 UBS Finance Delaware LLC 0.250 06/17/2009 4.999,96528 0.00 90262CTJ6 3753 06/18/2009 0.00 5,000,000.00 90262CTK3 3755 UBS Finance Delaware LLC 0.250 06/18/2009 5,999,958.33 0.00 90262CTK3 3755 06/19/2009 0.00 6,000,000.00 90262CTP2 3758 UBS Finance Delaware LLC 0.260 06/22/2009 4,999,963.89 0.00 90262CTP2 3758 06/23/2009 0.00 5,000,000.00 90262CTR8 3760 UBS Finance Delaware LLC 0.240 06/24/2009 6,999,953.33 0.00 90262CTR8 3760 06/25/2009 0.00 7,000,000.00 90262CTS6 3761 UBS Finance Delaware LLC 0.180 06/25/2009 5,999,970.00 0.00 90262CTS6 3761 06/26/2009 0.00 6,000,000.00 90262CTV9 3762 UBS Finance Delaware LLC 0.180 06/26/2009 7,999,880.00 0.00 90262CTV9 3762 06/29/2009 0.00 8,000,000.00 90262CTW7 3764 UBS Finance Delaware LLC 0.180 06/29/2009 7,999,960.00 0.00 90262CTW7 3764 06/30/2009 0.00 8,000,000.00 Subtotal 75,497,246.52 78,500,000.00 14,997,766.67 Federal Agency Disc.-Amortizing 313385GS9 3742 Federal Home Loan Bank 0.160 06/10/2009 0.00 10,000,000.00 313385HG4 3748 Federal Home Loan Bank 0.160 06/15/2009 4,499,820.00 0.00 313385HG4 3748 06/24/2009 0.00 4,500,000.00 313397GX3 3744 Federal Home Loan Mort Corp 0.150 06/10/2009 12,494,739.69 0.00 313397GX3 3744 06/15/2009 0.00 12,495,000.00 313397JJ1 3759 Federal Home Loan Mort Corp 0.160 06/23/2009 5,999,280.00 0.00 Portfolio CITY AP Run Date:07/23/2009-17:36 PM(PRF_PM3)SymRept 6.42 City of HB Portfolio Management Page 8 Activity By Type June 1, 2009 through June 30, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Disc.-Amortizing Subtotal 22,993,839.69 26,995,000.00 8,376,299.21 Total 120,658,707.47 123,517,394.77 221,783,893.43 Portfolio CITY AP Run Date:07/23/2009-17:36 PM(PRF_PM3)SymRept 6.42 City of HB Portfolio Management Page 9 Activity Summary June 2008 through June 2009 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity June 2008 93 238,795,438.00 3.551 3.601 2.894 5 6 654 473 July 2008 87 228,997,955.43 3.569 3.619 2.787 2 8 701 509 August 2008 74 204,646,757.05 3.458 3.506 2.779 1 14 684 483 September 2008 72 196,403,906.46 3.391 3.438 2.774 17 19 675 499 October 2008 76 195,260,549.78 3.352 3.399 2.774 14 10 685 531 November 2008 72 189,756,578.31 3.270 3.315 2.568 2 6 667 505 December 2008 77 200,279,167.62 3.040 3.082 2.355 12 7 638 487 January 2009 79 209,134,703.76 2.811 2.850 2.046 8 6 628 466 February 2009 74 207,184,404.24 2.676 2.713 1.869 1 6 585 417 March 2009 73 199,977,655.16 2.626 2.663 1.822 4 5 597 414 April 2009 83 203,124,393.45 2.393 2.427 1.607 14 4 637 457 May 2009 80 228,319,866.33 2.313 2.345 1.530 5 8 596 406 June 2009 77 221,774,096.95 2.109 2.138 1.377 27 30 590 414 Average 78 209,523,827.91 2.966% 3.007% 2.245 9 10 641 466 Portfolio CITY AP Run Date:07/23/2009-17:36 PM(PRF_PM4)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 10 Distribution of Investments By Type June 2008 through June 2009 June July August September October November December January February March April May June Average Security Type 2008 2008 2008 2008 2008 2008 2008 2009 2009 2009 2009 2009 2009 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 52.3 54.2 53.1 54.1 62.6 61.1 58.4 57.3 56.2 54.9 52.4 48.6 49.3 55.0% Local Agency Investment Funds 24.8 21.8 27.7 28.5 23.7 28.3 28.6 26.9 29.4 29.6 22.6 26.7 27.1 26.6% Treasury Securities-Coupon 9.1 8.4 6.1 5.2 3.2 3.2 2.9 2.9 3.0 3.0 2.7 2.7 2.7 4.2% Medium Term Notes 1.6 1.8 2.0 2.0 1.0 1.0 0.9 0.9 1.0 2.0 7.3 8.5 10.5 3.1% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 0.8 0.9 1.0 6.1 6.2 4.2 8.1 10.9 9.3 9.4 9.5 8.0 6.8 6.2% Federal Agency Disc.-Amortizing 8.1 9.1 6.0 3.1 2.3 2.3 1.1 1.1 1.2 1.2 5.6 5.5 3.8 3.9% Treasury Discounts-Amortizing 3.3 3.7 4.1 1.0 1.0 1.0% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:07/23/2009-17:36 - PM(PRF_PM5)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 11 Interest Earnings Summary June 30, 2009 June 30 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 500,318.89 3,654,583.20 Plus Accrued Interest at End of Period 1,335,243.97 1,335,243.97 Less Accrued Interest at Beginning of Period ( 1,447,122.92) ( 1,248,397.79) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 388,439.94 3,741,429.38 Adjusted by Premiums and Discounts -49,494.24 -233,809.57 Adjusted by Capital Gains or Losses -22,394.77 7,786.38 Earnings during Periods 316,550.93 3,515,406.19 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 0.00 970,264.41 Plus Accrued Interest at End of Period 224,973.42 224,973.42 Less Accrued Interest at Beginning of Period ( 150,577.37) ( 359,492.69) Interest Earned during Period 74,396.05 835,745.14 Total Interest Earned during Period 462,835.99 4,577,174.52 Total Adjustments from Premiums and Discounts -49,494.24 -233,809.57 Total Capital Gains or Losses -22,394.77 7,786.38 Total Earnings during Period 390,946.98 4,351,151.33 Portfolio CITY AP Run Date:07/23/2009-17:36 PM(PRF_PM6)SymRept 6.42 Report Ver 5.00 Statement of Cash Receipts, Disbursements, and Fund Balances Office of the City Treasurer ' June 2009 Cash Receipts and Disbursements May 2009 June 2009 Incoming Receipts Property Tax Receipts $12,230,156 $379,760 Utility Tax Receipts 1,631,396 1,625,882 Sales Tax Receipts 1,444,000 1,460,478 Highway Users Tax Receipts 0 (1) 1,369,892 (1) Transient Occupancy Tax Receipts 429,997 429,830 All Other Receipts 16,339,195 23,128,326 Outgoing Disbursements -$34,771,568 -$34,053,657 Net Change in Cash Flow -$2,696,824 -$5,659,489 Summary of Cash by Fund May 2009 June 2009 General Fund $51,236,561 $52,237,018 Government Funds 576,455 549,491 Capital Funds 20,327,833 19,397,724 Debt Service Funds 10,359,967 9,938,907 Enterprise Funds 95,689,300 93,503,143 Fiduciary Funds 27,485,286 27,599,930 Special Revenue Funds 20,482,721 20,012,092 $226,158,123 *. $223,238,305 (1) The State of California deferred tax payments for March through May and made the four months of payments in June. *Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences. Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts&Disbursements June 2009 State of California Pooled Money Investment Account Market Valuation 6/30/2009 �;S41r i Wit United States Treasury: Federal Agency� Fair Value Including Accrued Interest * 50,889J15,3367e Repurchase Agreements, Time Deposits, AB55 &General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost(1.001304743). As an example: if an agency has an account balance of$20,000,000.00, then the agency would report its participation in the LA(F valued ats2O.O2G.DS4.87oru2O.00O.00O.00x1.001304743. ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of May 31, 2009 Summary of investments by type Market Value Market Value Par Value Investment Type as of 4/30/09 as of 5/31/09 $5,822,587 Local Agency Investment Fund (LAIF) $5,822,587 $5,822,587 $0 Federal Agency Issues $0 $0 $6,798,361 Investment Agreements $6,798,361 $6,798,361 $3,237,493 Money Market Funds $3,233,791 $3,237,493 $0 US Treasury Securities $0 $0 $15,858,441 $15,854,739 $15,858,441 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 4/30/09 as of 5/31/09 $2,511,426 City of Huntington Beach-2004 Judgment Obligation Bonds (Property Tax Refunds) $2,511,424 $2,511,426 $2,190,224 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,190,224 $2,190,224 $1,649,399 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,399 $1,649,399 $516,600 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $516,598 $516,600 $2,042,275 Huntington Beach PFA- 2001 Series A(South Beach Improvements& Central Park Sports Complex) $2,042,272 $2,042,275 $2,621,792 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,621,635 $2,621,792 $1,268,345 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,248,688 $1,268,345 $173,220 City of Huntington Beach- 90-1 Community Facilities District Special Tax Refunding $173,220 $173,220 $1,395,104 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,395,020 $1,395,104 $761,862 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $761,862 $761,862 $560,054 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $560,053 $560,054 $168,140 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds (Huntington Breakers) $184,344 $168,140 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $15,858,441 $15,854,739 $15,858,441 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2009 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (12-31-08) (3-31-09) ICMA Retirement Corporation (457 Plan) $21,949,499 $547,592 ($473,890) ($610,261) ($282) $21,412,658 ICMA Retirement Corporation (401 Plan) $803,514 $22,628 $0 ($24,173) $0 $801,969 Nationwide Retirement Solutions (457 Plan)* $45,808,183 $756,096 ($744,300) ($1,623,162) $1,059 $44,197,876 Total Deferred Compensation Plan Balances $68,561,196 $1,326,316 ($1,218,190) ($2,257,596) $777 $66,412,503 *Other fees/adjustments column contains a beginning balance adjustment to the 12/31/08 due to a fund pricing change. ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information as of March 31, 2009 Beginning Balance Contributions Distributions/ Earnings Other Ending (12-31-08) Transfers (change in value) Balance (3-31-09) CalPERS Retiree Medical Trust Account $6,465,748 $0 $0 ($752,692) ($895) $5,712,161 ATTAC H M E N T #5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM JUNE TREASURER'S REPORT f q Shari L . Freidenrich , CPA, CCMT, CPFA, CPFIM August 3, 2009 Slide 1 Treasurer's Report - Shari'L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Balance Trends Portfolio Balances by Type $192M $222M $244M $242M $203M $222M 100% - 80% - E US Treas IBM, Med Notes 60% - ❑ LAIF E, Fed A 40% - g. 20% 0% Jun-05 Jun-06 Jun-07 Jun-08 Mar-09 Jun-09 Slide 2 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Percentages By Type of Investment Federal Agencies 49% CommercialPapei g ., r, i Fed. A c 9 Y Discount 4% y Treasury Sec. 3% Medium Term LAIF Notes 27% 10% Slide 3 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Liq u id ity Investment Maturities by Days, Ending June 2008/2009 40% 01 Day 32% OF 2-180 Days yYa 29% E1 .5 - 1 Yr. 30% a] 1 - 1 .5 Yr. 19% El 1 .5 - 2 Yr. 20% El 2 - 3 Yr. 10% 10% 3 4 Yr. Yr. 4% 0% 25% 3% 3% 10% 28% 1 % 3% 8% 2008 2009 Slide 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT CPFA., CPFIM All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $401000,000 $20,0009000 $15,000,000 14 ($10,000,000) , ($6y0001000) ($3�3001000) ($12,600,000) ux ($35,000,000) ($171776,000) ($60,000,000) r m-. $69,000,000) ($859000,000) , Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 mo al, � s , g`; estrneFnts a/,C�enera=1 ��ud Net Gash 1:ouu Slide 5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Yields Trends INM I V1 W" OT. 6.00% 4.63% 5.00% - 4.10% 3.59% 3.21% =j 2.76% 3.00% -- 2.14% IRA, 1 .00% - ',W E" 0-00% - Dec-07 Mar-08 Jun-08 Dec-08 Mar-09 Jun-09 Slide 6 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Summary of Investment by City Fund $10,000,000 $93,0001000 19 000 000 I III 111I' •10" tiiik�: s3'= tl„ p Enter ,rrse ` � � Secia°1;Reuenue� $52,000,000 y $20,000,000 $28,000,000 Slide 7 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Summary • Recommendation to City Council Slide 8 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: -Review and Accept City Treasurer's June 2009 Investment Summary Report COUNCIL MEETING DATE: August 3, 2009 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached . ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached Not Applicable Staff Report (If applicable) AttachedApp icable 0 Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached Not Applicable EXPLANATION FOR MISSING ATTACHMENTS" 1171 REVIEWED RETURNED FOR A DED Administrative Staff , '4 vy Deputy City Administrator Initial City Administrator Initial City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: (BelowOnly) RCA Author: SLF Council/Agency Meeting Held: 20 Deferred/Continued to: 'I,Appro ed ❑ Conditionally Approved ❑ Denied .&.,6ee Ci ler ' Signat r Council Meeting Date: 7/20/2009 Departme ID Number: CT 09-015 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS- SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASU SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MAY 2009 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for May 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for May 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: Maintain and enhance our financial reserves, Improve internal and external communication. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 7/20/2009 DEPARTMENT OD NUMBER: CT 09-015 Attachment(s): o - b,er JUP, 1 b6sur ibb, 1. Monthly Investment Report and Summary of Investments for May 2009 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4, Retiree Medical Trust Investments 5. May 2009 PowerPoint Presentation -2- 7/1/2009 7:45 AAA ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for May 2009 City Investment Portfolio: April May Inc./(Dec.) End of month City Portfolio Balance $221,849,124 $224,692,075 $2,842,951 End of Month Market Value $223,089,316 $225,829,755 $2,740,439 End of month General Fund Balance $42,664,138 $51,236,561 $8,572,423 Monthly Effective Rate of Return 2.61% 2.29% -0.32% Average Maturity ( in days) 457 406 (51) End of month bank cash balance $2,769,276 $4,839,611 $2,070,335 Bond Proceeds Investments:* March April Inc./(Dec.) End of Month Bond Reserve Par Value $15,923,483 $15,854,739 ($68,744) End of Month Bond Reserve Market Value $15,923,483 $15,854,739 ($68,744) Deferred Compensation Investments:** December March Inc./(Dec.) Participant Balances $68,561,196 $66,412,503 ($2,148,693) Retiree Medical Trust:** December March Inc./(Dec.) Trust Balance $6,465,748 $5,712,161 ($753,587) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $445,417 $443,998 ($1,419) Interest Earned Year to Date $3,563,333 $3,965,946 $402,613 Earned Interest Yield Year to Date 3.50% 2.92% -0.58% Average Daily Balance $152,714,286 $204,155,237 $51,440,951 `Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. May % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $109,185,914 49% None 661 3.31% Local Agency Inv. Fund (LAIF) $59,999,070 27% 60 million 1 1.53% Treasury Securities-Coupon $6,025,466 3% None 80 2.99% Medium Term Notes $19,118,134 8% 20% 927 2.03% Commercial Paper Disc. -Amortizing $17,992,909 8% 25% 27 0.47% Federal Agency Disc. -Amortizing $12,370,582 5% None 13 0.72% $224,692,075 100% 406 2.34% NTINN O ,11 FP 0 FA le 41 V F City of Huntington Beach v= City of HB 2000 Main St Portfolio Management Huntington Beach Portfolio Summary UNTY GPy May 31, 2009 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 108,885,000.00 110,177,652.16 109,185,913.45 48.59 979 661 3.261 3.306 Local Agency Investment Funds 59,999,070.18 59,999,070.18 59,999,070.18 26.70 1 1 1.509 1.530 Treasury Securities-Coupon 6,000,000.00 6,061,580.00 6,025,465.43 2.68 615 80 2.944 2.985 Medium Term Notes 19,000,000.00 19,220,170.00 19,118,134.25 8.51 1,048 927 2.000 2.028 Commercial Paper Disc.-Amortizing 18,000,000.00 17,994,520.00 17,992,909.43 8.01 130 27 0.463 0.470 Federal Agency Disc.-Amortizing 12,377,000.00 12,376,762.30 12,370,582.23 5.51 75 13 0.712 0,722 224,261,070.18 225,829,754.64 224,692,074.97 100.00% 596 406 2.313 2.345 Investments Cash and Accrued Interest Accrued Interest at Purchase 65,609.72 65,609.72 Subtotal 65,609.72 65,609.72 Total Cash and Investments 224,261,070.18 225,895,364.36 224,757,684.69 596 406 2.313 2.345 Total Earnings May 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 443,997.62 3,965,945.72 Current Budget 445,416.67 3,563,333.34 5,345,000.00 Last Year Actual 737,088.27 6,378,873.52 8,923,191.10 Average Daily Balance 228,319,866.33 204,155,237.42 Effective Rate of Return 2.29% 2.92% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on December 15,2008. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Mar t Values provided by Union Bank via Interactive Data Corporation. L. FREIDE114RICH,CPA,CITY TREASURER Reporting period 05/0112009-05/31/2009 Portfolio CITY AP Run Date:06/08/2009-12:35 PM(PRF_PM1)SyrnRept 6.42 Report Ver.5.00 City of 1113 Portfolio Management Page 2 Portfolio Details - Investments May 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,001,880.00 1,999,963.44 5.050 AAA 5.150 7 06/08/2009 31331GBC2 3670 Federal Farm Credit Bank 09/15/2008 2,000,000.00 2,015,620.00 2,000,000.00 3.300 AAA 3,300 471 09/15/2010 31331GBS7 3678 Federal Farm Credit Bank 09/17/2008 2,000,000.00 2,014,380.00 2,006,472.22 3.100 AAA 2.841 473 09/17/2010 31331GCHO 3680 Federal Farm Credit Bank 09/29/2008 2,000,000.00 2,019,380.00 2,000,000.00 3.750 AAA 3.750 850 09/29/2011 31331XH47 3713 Federal Farm Credit Bank 01/09/2009 2,025,000.00 2,042,091.00 2,041,321.50 5.250 AAA 0.555 63 08/03/2009 31331GSB6 3727 Federal Farm Credit Bank 04/09/2009 2,000,000.00 2,017,500.00 2,000,000.00 2.200 AAA 2.200 1,043 04/09/2012 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,026,880.00 2,000,000.00 5.300 AAA 5.300 836 09/15/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,003,120.00 2,000,000.00 5.550 AAA 5.550 1,107 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,003,760.00 1,998,701.39 5.350 AAA 5.419 379 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,106,260.00 2,000,000.00 5.600 AAA 5.600 1,145 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000,00 2,043,760.00 2,000,000.00 4.500 AAA 4.500 1,295 12/17/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000,00 2,046,260.00 2,000,000.00 4.200 AAA 4.200 1,324 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000,00 2,048,120.00 2,000,000.00 4.150 AAA 4.150 1,338 01/29/2013 3133XGE03 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 2,017,500.00 2,008,940.61 5.250 AAA 2.672 65 08/05/2009 3133XR7F1 3648 Federal Home Loan Bank 05/12/2008 2,000,000.00 2,008,760.00 2,000,000.00 2.450 AAA 2.451 72 08/12/2009 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 2,008,760.00 1,999,698.66 2.500 AAA 2.579 73 08/13/2009 3133XS3F3 3666 Federal Home Loan Bank 08/27/2008 2,000,000.00 2,014,380.00 2,000,000.00 3.450 AAA 3.450 452 08/27/2010 3133XS5M6 3667 Federal Home Loan Bank 09/25/2008 2,000,000.00 2.016,880.00 2,000,000.00 3.000 AAA 3.000 116 09/25/2009 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000.000.00 2,058,120.00 2,000,000.00 4.150 AAA 4.150 1,569 09/17/2013 3133XSDY1 3688 Federal Home Loan Bank 10/09/2008 2,000,000.00 2,005,000.00 2,001,641.14 3.560 AAA 2.556 29 06/30/2009 3133XQZM7 3689 Federal Home Loan Bank 10/16/2008 2,000,000,00 2,006,880.00 1,998,698.30 2.530 AAA 2.951 57 07/28/2009 3133XSE87 3691 Federal Home Loan Bank 10/15/2008 2,000,000.00 2,007,500.00 2,000,000.00 4.050 AAA 4.052 774 07/15/2011 3133XMD40 3720 Federal Home Loan Bank 02/23/2009 2,000,000.00 2,030,000.00 2,026,574.16 4.500 AAA 0.746 130 10/09/2009 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,033,120.00 2,000,000.00 4.125 AAA 4.125 170 11/18/2009 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,068,500.00 1,998,286.67 3.375 AAA 3.438 522 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,077,820.00 1,991,870.57 3.250 AAA 3.480 682 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,048,680.00 2,000,000.00 3.250 AAA 3.250 725 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,070,900.00 1,980,957.23 3.700 AAA 4.002 1,271 11/23/2012 3137EAAT6 3682 Federal Home Loan Mort Corp 09/23/2008 2,000,000.00 2,002,500.00 2,001,089.92 5.000 AAA 2.996 10 06/11/2009 3128X72Q6 3697 Federal Home Loan Mort Corp 10/27/2008 1,000,000.00 1,008,290.00 998,624.45 3.375 AAA 3.480 494 10/08/2010 3134A4US1 3698 Federal Home Loan Mort Corp 11/20/2008 1,662,000.00 1,669,794.78 1,666,714.42 4.250 AAA 1.900 44 07/15/2009 3128X8BD3 3702 Federal Home Loan Mort Corp 12/17/2008 2,000,000.00 2,000,660.00 2,000,000.00 1,250 AAA 1.250 199 12/17/2009 3128X8SN3 3722 Federal Home Loan Mort Corp 03/30/2009 2,000,000.00 2,002,100,00 2,000,000.00 1.700 AAA 1.703 486 09/30/2010 3128X8TZ5 3725 Federal Home Loan Mort Corp 04/08/2009 2,000,000.00 1,995,300.00 2,000,000.00 2.500 AAA 2.500 1,407 04/08/2013 3128X8XB3 3729 Federal Home Loan Mort Corp 04/22/2009 2,000,000.00 2,003,520.00 2,000,000.00 2.000 AAA 2.000 1,786 04/22/2014 3128X8XV9 3730 Federal Home Loan Mort Corp 04/27/2009 2,000,000.00 2,008,920.00 2,000,000.00 1.750 AAA 1.750 786 07/27/2011 Portfolio CITY AP Run Date:06/08/2009-12:35 PM(PRF_PM2)SyntRept 6.42 Report Ver.5.00 City of Fib Portfolio Management Page 3 Portfolio Details - Investments May 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,040,000.00 2,000,000.00 4.600 AAA 4.600 1,292 12/14/2012 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 2,041,880.00 1,998,637.50 3.050 AAA 3.128 331 04/28/2010 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,089,380.00 1,998,435.56 4.000 AAA 4.022 1,428 04/29/2013 3136F9WQ2 3661 Fed.Nat'l Mort.Assoc. 07/02/2008 2,000,000.00 2,006,260.00 2,000,000.00 4.000 AAA 4.000 396 07/02/2010 31359MU68 3681 Fed.Nat'l Mort.Assoc. 09/23/2008 2,000.000.00 2,021,260.00 2,009,803.85 5.375 AAA 2.938 75 08/15/2009 31398ATR3 3686 Fed.Nat'l Mort.Assoc. 10/06/2008 2,000,000.00 2,021,260.00 2,000,000.00 4.550 AAA 4.549 1,556 09/04/2013 31359MU68 3694 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,021,260.00 2,009,063.09 5.375 AAA 3.119 75 08/15/2009 31359MEY5 3695 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,035,620.00 2,019,620.69 6.625 AAA 3.150 106 09/15/2009 31359MEY5 3699 Fed.Nat'l Mort.Assoc. 11/20/2008 1,198,000.00 1,219,336.38 1,213,778.84 6.625 AAA 2.001 106 09/15/2009 31398ATM4 3700 Fed.Nat'l Mort.Assoc. 12/10/2008 3,000,000.00 3,024,390.00 3,029,024.54 4.000 AAA 3.541 816 08/26/2011 3136F9Y23 3701 Fed.Nat'l Mort.Assoc. 12/10/2008 2,000,000.00 2,000,620.00 2,000,000.00 2.500 AAA 2.500 374 06/10/2010 31398ASX1 3703 Fed.Nat'l Mort.Assoc. 12/15/2008 2,000,000.00 2,011,260.00 2,020,180.48 3.750 AAA 2.863 429 08/04/2010 31398ATAO 3704 Fed.Nat'l Mort.Assoc. 12/15/2008 2,000,000.00 2,011,880.00 2,024,867.30 4.330 AAA 3.719 787 07/28/2011 31398ATM4 3707 Fed.Nat'l Mort.Assoc. 12/22/2008 2,000,000.00 2,016,260.00 2,027,807.57 4.000 AAA 3.343 816 08/26/2011 3136F9UY7 3708 Fed.Nat'l Mort.Assoc. 12/22/2008 2,000,000.00 2,004,380.00 2,024,222.76 4.260 AAA 3.755 935 12/23/2011 3136F9D75 3710 Fed.Nat'l Mort.Assoc. 12/30/2008 2,000,000.00 2,016,880.00 2,039,837.97 4.500 AAA 3.979 1,548 08/27/2013 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000,000.00 2,012,500.00 2,000,000.00 2.000 AAA 2.000 970 01/27/2012 31398ATM4 3721 Fed.Nat'l Mort.Assoc. 03/23/2009 3,000,000.00 3,024,390.00 3,039,586.08 4.000 AAA 3.379 816 08/26/2011 31398ATAO 3724 Fed.Nat'l Mort.Assoc. 03/31/2009 1,000,000.00 1,005,940.00 1,011,492.54 4.330 AAA 3.767 787 07/28/2011 Subtotal and Average 113,535,879.32 108,885,000.00 110,177,652.16 109,185,913.45 3.306 661 Local Agency Investment Funds SYS982 982 Laif City 29,999,070.18 29,999,070.18 29,999,070.18 1.530 NR 1.530 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 1.530 NR 1.530 1 Subtotal and Average 59,441,005.66 59,999,070.18 59,999,070.18 59,999,070.18 1.530 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,019,220.00 2,000,114.33 4.875 AAA 4.834 75 08/15/2009 912828HB9 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,018,600.00 2,009,269.37 4.000 AAA 2.099 91 08/31/2009 9128275N8 3683 US Treasury Notes 09/24/2008 2,000,000.00 2,023,760.00 2,016,081.73 6.000 AAA 2.032 75 08/15/2009 Subtotal and Average 6,030,232.56 6,000,000.00 6,061,580.00 6,025,465.43 2.985 80 Medium Term Notes 06050BAJO 3734 Bank of America FDIC Insured 04/30/2009 2,000,000.00 2,025,240.00 2,032,251.91 2.375 Aaa 1.830 1,117 06/22/2012 084664AFB 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,068,960.00 1,977,234.06 4.200 Aaa 5.023 562 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,010,480.00 1,994,923.87 2.000 P-1 2.093 1,033 03/30/2012 Portfolio CITY AP Run Date:06/08/2009-12:35 PM(PRF_PM2)SymRept 6.42 City of FIB Portfolio Management Page 4 Portfolio Details - Investments May 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Medium Term Notes 17313YAB7 3739 Citigroup FDIC Insured 05/05/2009 2,000,000.00 2,004,760.00 1,999,440.94 1.375 P-1 1.390 703 05/05/2011 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,029,780.00 2,029,680.81 2.250 Aaa 1.701 1,015 03/12/2012 36967HAHO 3735 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,019,420.00 2,020,437.16 2.200 Aaa 1.850 1,103 06/08/2012 38146FAF8 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000,000.00 2,013,260.00 2,007,257.04 1.625 Aaa 1.450 774 07/15/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000,000.00 2,022,200.00 2,025,303.00 2.200 Aaa 1.770 1,110 06/15/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000.00 2,027,120.00 2,027,590.74 2.000 Aaa 1.390 843 09/22/2011 91160HAC1 3743 US Bank FDIC Insured 05/19/2009 1,000,000.00 998,950.00 1,004,014.72 1.800 Aaa 1.660 1,079 05/15/2012 Subtotal and Average 18,278,533.17 19,000,000.00 19,220,170.00 19,118,134.25 2.028 927 Commercial Paper Disc.-Amortizing 17314GTK5 3715 Citigroup FDIC Insured 01/20/2009 2,000,000.00 1,999,720.00 1,999,470.00 0.530 P-1 0.539 18 06/19/2009 17314GU64 3716 Citigroup FDIC Insured 01/22/2009 2,000,000.00 1,999,080.00 1,998,930.55 0.550 P-1 0.559 35 07/06/2009 17314GTC3 3728 Citigroup FDIC Insured 04/17/2009 4,000,000.00 3,999,640.00 3,999,718.89 0.230 P-1 0.233 11 06/12/2009 36161CTS1 3709 GE Capital FDIC Insured 12/29/2008 2,000,000.00 1,999,560.00 1,999,333.33 0.480 P-1 0.488 25 06/26/2009 36161CTN2 3717 GE Capital FDIC Insured 01/22/2009 2,000,000.00 1,999,680.00 1,999,323.33 0.580 P-1 0.589 21 06/22/2009 36161CUD2 3718 GE Capital FDIC Insured 01/28/2009 2,000,000.00 1,998,900.00 1,998,413.33 0-W P-1 0.692 42 07/13/2009 36161CUQ3 3719 GE Capital FDIC Insured 01/28/2009 2,000,000.00 1,998,380.00 1,997,997.78 0.680 P-1 0.692 53 07/24/2009 36161CTS1 3731 GE Capital FDIC Insured 04/20/2009 2,000,000.00 1,999,560.00 1,999,722.22 0.200 P-1 0.203 25 06/26/2009 Subtotal and Average 17,989,442.78 18,000,000.00 17,994,520.00 17,992,909.43 0.470 27 Federal Agency Disc.-Amortizing 313385GS9 3742 Federal Home Loan Bank 05/08/2009 10,000,000.00 10,000,000.00 9,999,600.00 0.160 AAA 0.164 9 06/10/2009 313589HQ9 3693 Fed.Nat'l Mort.Assoc. 10/24/2008 2,377,000.00 2,376,762.30 2,370,982.23 2.940 AAA 3.073 31 07/02/2009 Subtotal and Average 13,044,772.85 12,377,000.00 12,376,762.30 12,370,582.23 0.722 13 Total and Average 228,319,866.33 224,261,070.18 225,829,754.64 224,692,074.97 2.345 406 Portfolio CITY AP Run Date:06/08/2009-12:35 PM(PRF_PM2)SymRept6.42 City of Fib Portfolio Management Page 5 Portfolio Details - Cash May 31, 2009 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 65,609.72 65,609.72 0 Subtotal 65,609.72 65,609.72 Total Cash and Investments 228,319,866.33 224,261,070.18 225,895,364.36 224,757,684.69 2.345 406 Portfolio CITY AP Run Date:06108/2009-12:35 PM(PRF_PM2)SyrnRept 6.42 City of Fib Portfolio Management Page 6 Activity By Type May 1, 2009 through May 31, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3128X7SW5 3657 Federal Home Loan Mort Corp 3.800 05/29/2009 0.00 1,988,285.00 3128X7VS0 3726 Federal Home Loan Mort Corp 4.150 05/29/2009 0.00 1,005,602.14 31398AQW5 3642 Fed.Nat'l Mort.Assoc. 4.250 05/08/2009 0.00 2,000,000.00 31398ARD6 3712 Fed.Nat'l Mort.Assoc. 3.600 05/19/2009 0.00 2,015,823.06 Subtotal 0.00 7,009,710.20 109,185,913.45 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.530 13,000,000.00 3,100,000.00 Subtotal 13,000,000.00 3,100,000.00 59,999,070.18 Treasury Securities-Coupon Subtotal 6,026,465.43 Medium Term Notes 17313YA137 3739 Citigroup FDIC Insured 1.375 05/05/2009 1,999,420.00 0.00 91160HAC1 3743 US Bank FDIC Insured 1.800 05/19/2009 1,004,060.00 0.00 Subtotal 3,003,480.00 0.00 19,118,134.25 Commercial Paper Disc.-Amortizing 36161CS11 3711 GE Capital FDIC Insured 0.230 05/01/2009 0.00 3,000,000.00 Subtotal 0.00 3,000,000.00 17,992,909.43 Federal Agency Disc.-Amortizing 313385FA9 3737 Federal Home Loan Bank 0.100 05/01/2009 0.00 10,000,000.00 313385FD3 3740 Federal Home Loan Bank 0.090 05/01/2009 12,999,902.50 0.00 313385FD3 3740 05/04/2009 0.00 13,000,000.00 313385FH4 3741 Federal Home Loan Bank 0.120 05/04/2009 12,999,826.67 0.00 313385FH4 3741 05/08/2009 0.00 13,000,000.00 313385GS9 3742 Federal Home Loan Bank 0.160 05/08/2009 9,998,533.33 0.00 Subtotal 35,998,262.50 36,000,000.00 12,370,582.23 Total 52,001,742.50 49,109,710.20 224,692,074.97 Portfolio CITY AP Run Date:06/08/2009-12:35 PM(PRF_PM3)SyrnRept 6.42 Report Ver.5.00 City of 1•113 Portfolio Management Page 7 Activity Summary May 2008 through May 2009 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity May 2008 94 238,678,019.73 3.657 3.708 3.072 15 9 696 504 June 2008 93 238,795,438.00 3.551 3.601 2.894 5 6 654 473 July 2008 87 228,997,955.43 3.569 3.619 2.787 2 8 701 509 August 2008 74 204,646,757.05 3.458 3.506 2.779 1 14 684 483 September 2008 72 196,403,906.46 3.391 3.438 2.774 17 19 675 499 October 2008 76 195,260,549.78 3.352 3.399 2.774 14 10 685 531 November 2008 72 189,756,578.31 3.270 3.315 2.568 2 6 667 505 December 2008 77 200,279,167.62 3.040 3.082 2.355 12 7 638 487 January 2009 79 209,134,703.76 2.811 2.850 2.046 8 6 628 466 February 2009 74 207,184,404.24 2.676 2.713 1.869 1 6 585 417 March 2009 73 199,977,655.16 2.626 2.663 1.822 4 5 597 414 April 2009 83 203,124,393.45 2.393 2.427 1.607 14 4 637 457 May 2009 80 228,319,866.33 2.313 2.345 1.530 5 8 596 406 Average 80 210,878,049.81 3.085% 3.128% 2.375 8 8 649 473 Portfolio CITY AP Run Date:06/08/2009-12:35 PM(PRF_PM4)SyrnRept 6.42 Report Ver.5.00 City of H13 Portfolio Management Page 8 Distribution of Investments By Type May 2008 through May 2009 May June July August September October November December January February March April May Average Security Type 2008 2008 2008 2008 2008 2008 2008 2008 2009 2009 2009 2009 2009 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 55.1 52.3 54.2 53.1 54.1 62.6 61.1 58.4 57.3 56.2 54.9 52.4 48.6 55.4% Local Agency Investment Funds 23.6 24.8 21.8 27.7 28.5 23.7 28.3 28.6 26.9 29.4 29.6 22.6 26.7 26.3% Treasury Securities-Coupon 9.2 9.1 8.4 6.1 5.2 3.2 3.2 2.9 2.9 3.0 3.0 2.7 2.7 4.7% Medium Term Notes 1.6 1.6 1.8 2.0 2.0 1.0 1.0 0.9 0.9 1.0 2.0 7.3 8.5 2.5% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 0.8 0.9 1.0 6.1 6.2 4.2 8.1 10.9 9.3 9.4 9.5 8.0 5.7% Federal Agency Disc.-Amortizing 8.1 8.1 9.1 6.0 3.1 2.3 2.3 1.1 1.1 1.2 1.2 5.6 5.5 4.2% Treasury Discounts-Amortizing 2.5 3.3 3.7 4.1 1.0 1.0 1.2% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:06/08/2009-12:35 PM(PRF_PM5)SyrnRept 6.42 Report Ver.5.00 City of 1113 Portfolio Management Page 9 Interest Earnings Summary May 31, 2009 May 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 306,955.56 3,154,264.31 Plus Accrued Interest at End of Period 1,447,059.61 1,447,059.61 Less Accrued Interest at Beginning of Period ( 1,328,467.12) ( 1,248,397.79) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 425,548.05 3,352,926.13 Adjusted by Premiums and Discounts -49,080.97 -184,315.33 Adjusted by Capital Gains or Losses -9,710.20 30,181.15 Earnings during Periods 366,756.88 3,198,791.95 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 0.00 970,264.41 Plus Accrued Interest at End of Period 156,382.05 156,382.05 Less Accrued Interest at Beginning of Period ( 79,141.31) ( 359,492.69) Interest Earned during Period 77,240.74 767,153.77 Total Interest Earned during Period 502,788.79 4,120,079.90 Total Adjustments from Premiums and Discounts -49,080.97 -184,315.33 Total Capital Gains or Losses -9,710.20 30,181.15 Total Earnings during Period 443,997.62 3,965,945.72 Portfolio CITY AP Run Date:06/08/2009-12:35 PM(PRF_PM6)SymRept 6.42 Report Ver 5.00 Statement of Cash Receipts, Disbursements, and Fund Balances 71 Office of the City Treasurer ' May 2009 Cash Receipts and Disbursements April 2009 May 2009 Incoming Receipts Property Tax Receipts $22,838,937 $12,230,156 Utility Tax Receipts 1,760,313 1,631,396 Sales Tax Receipts 1,344,400 1,444,000 Highway Users Tax Receipts 0 (1) 0 (1) Transient Occupancy Tax Receipts 389,473 429,997 All Other Receipts 21,448,484 16,339,195 Outgoing Disbursements -$26,851,984 -$34,771,568 Net Change in Cash Flow $20,929,623 -$2,696,824 Summary of Cash by Fund April 2009 May 2009 General Fund $42,664,138 $51,236,561 Government Funds 488,404 576,455 Capital Funds 20,707,614 20,327,833 Debt Service Funds 12,993,645 10,359,967 Enterprise Funds 96,353,327 95,689,300 Fiduciary Funds 27,469,576 27,485,286 Special Revenue Funds 22,467,800 20,482,721 $223,144,504 * $226,158,123 ' (1) The State of California has deferred tax payments for March through May until June 2009. ''Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts&Disbursements May 2009 State of California Pooled Money Investment Account Market Valuation 5/31/2009 Carrying CosttiPlus Desscrtptr n . . Accr ed IAN6 est Purch „, �:,,��Fa�r Value Accrued Interest United States Treasury: Bills $ 8,599,248,585.50 $ 8,695,227,000.00 NA Notes $ 4,537,199,434.84 $ 4,527,087,660.00 $ 72,199,182.00 Federal Agency: SBA $ 546,760,885.10 $ 533,303,982.48 $ 557,401.82 MBS-REMICs $ 1,011,494,511.94 $ 1,047,725,241.05 $ 4,807,730.08 Debentures $ 3,012,292,036.08 $ 3,048,989,460.00 $ 56,859,300.04 Debentures FIR $ 4,598,611,595.69 $ 4,604,607,320.00 $ 6,159,516.12 Discount Notes $ 4,179,043,639.00 $ 4,224,352,500.00 NA FHLMC PC $ 243.90 $ 247.06 $ 4.35 GNMA $ 127,680.52 $ 142,591.30 $ 1,261.65 IBRD Deb FIR $ 300,000,000.00 $ 298,458,000.00 $ 419,387.00 CDs and YCDs FIR $ - $ - $ - Bank Notes $ - $ - $ - CDs and YCDs $ 2,800,025,659.71 $ 2,800,483,862.50 $ 1,574,777.78 Commercial Paper $ 399,843,333.36 $ 400,000,000.00 NA Corporate: Bonds FR $ 270,906,430.49 $ 269,114,729.02 $ 608,834.09 Bonds $ 58,041,528.33 $ 58,361,839.65 $ 634,411.74 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 5,918,000,000.00 $ 5,918,000,000.00 NA AB 55 &GF Loans 18,232,437,788.91 18,232,437,788.91 NA TOTAL $ 54,464,033,353.37 $ 54,658,292,221.97 $ 143,821,806.67 Fair Value Including Accrued Interest $ 54,802,114,028.64 Repurchase Agreements, Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). ATTAC H M E N T #2 Schedule of Bond Investments Held by Fiscal Agent as of April 30, 2009 Summary of investments by type Market Value Market Value Par Value Investment Type as of 3/31/09 as of 4/30/09 $5,822,587 Local Agency Investment Fund (LAIF) $5,797,600 $5,822,587 $0 Federal Agency Issues $0 $0 $6,798,361 Investment Agreements $6,798,361 $6,798,361 $3,233,791 Money Market Funds $3,327,522 $3,233,791 $0 US Treasury Securities $0 $0 $15,854,739 $15,923,483 $15,854,739 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 3/31/09 as of 4/30/09 $2,511,424 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,500,980 $2,511,424 $2,190,224 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,180,088 $2,190,224 $1,649,399 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,399 $1,649,399 $516,598 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $514,254 $516,598 $2,042,272 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,042,260 $2,042,272 $2,621,635 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,621,259 $2,621,635 $1,248,688 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,248,637 $1,248,688 $173,220 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $213,170 $173,220 $1,395,020 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,449,848 $1,395,020 $761,862 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $758,284 $761,862 $560,053 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $560,052 $560,053 $184,344 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $185,252 $184,344 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $15,854,739 $15,923,483 $15,854,739 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2009 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (12-31-08) (3-31-09) ICMA Retirement Corporation (457 Plan) $21,949,499 $547,592 ($473,890) ($610,261) ($282) $21,412,658 ICMA Retirement Corporation (401 Plan) $803,514 $22,628 $0 ($24,173) $0 $801,969 Nationwide Retirement Solutions (457 Plan)* $45,808,183 $756,096 ($744,300) ($1,623,162) $1,059 $44,197,876 Total Deferred Compensation Plan Balances $68,561,196 $1,326,316 ($1,218,190) ($2,257,596) $777 $66,412,503 *Other fees/adjustments column contains a beginning balance adjustment to the 12/31/08 due to a fund pricing change. ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information as of March 31, 2009 Beginning Balance Contributions Distributions/ Earnings Other Ending (12-31-08) Transfers (change in value) Balance (3-31-09) CaIPERS Retiree Medical Trust Account $6,465,748 $0 $0 ($752,692) ($895) $5,712,161 ATTACHMENT #5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM May Report h Shari L . Freidenrich , CPA, CCMT CPFA, CPFIM July 20, 2009 TI-easurer's Report - Shari L. Freidenrlch, CPA, CCMT. CPFA, CPFIM $ in 000's Financial Information: April May Inc./(Dec.) End of Month City Portfolio $221 .849 $224.692 $2.843 End of Month Market Value $223.089 $225.830 $2.741 Interest Earned for Month $0.436 $0.444 $0.008 Earned Interest Yield Year to Date 3.02% 2.92% (0.10%) Average Maturity ( in days) 457 406 (51 ) YTD Average Daily Balance $200.622 $204.155 $3.533 $ in 000's Change From YTD Change Bgt. Change Receipts Thru May 09 Same Month % From Last % From Prior Last Year Year Yr. Receipts Property Tax Receipts $445 3.5% $2,426 2.9% 4.4% 7!! c 1 % Sales Tax Recei is $401 21 .7% $1 ,155 10.8% 5.5%Utilit Users Tax $141 8.0% $44 0.4% 7.7% Transient Occupancy Tax $47 9.9% $748 22.0% 12.1% `Red Highway Users Tax $3 1 .2% $154 7.6% 4.8% -Rea. Real Property Transfer Tax $7 12.6% $97 25.6% 34.9% =Red Foreclosures 20 52.6% 38 24.5% N/A - Difference between YTD % and Budget % is equal to or greater than 0% - ® Difference between YTD % and Budget % is between (5%) and 0% �_1Reay Difference between YTD % and Budget % is greater than (5%) A ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's May 2009 Investment Summary Report COUNCIL MEETING DATE: , July 20, 2009 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable REVIt-VIIW" RETURNED FORWAkDED Administrative Staff Deputy City Administrator (Initial) J'- City Administrator (Initial) r.s- c,, City Clerk 2Y ( ) EXPLANATION FOR RETURN.OF ITEM: ® - . - ® RCA Author: SLF Council/Agency Meeting Held: 6 S O Deferred/Continued to: *pp o ed- ❑ ndi Tonally Appro e ❑ Denied City gignatupe Council Meeting Date: 6/15/2009 Department ID Number: CT 09-013 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S APRIL 2009 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for April 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for April 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 6/15/2009 DEPARTMENT ID NUMBER: CT 09-013 Attachment(s): IN, 06scri:'ptionr 1. Monthlv Investment Report and Summary of Investments for April 2009 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. 1 Aril 2009 PowerPoint Presentation -2- 5/28/2009 11:49 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for April 2009 City Investment Portfolio: March April Inc./(Dec.) End of month City Portfolio Balance $202,608,378 $221,849,124 $19,240,746 End of Month Market Value $203,915,978 $223,089,316 $19,173,338 End of month General Fund Balance $30,086,928 $42,664,138 $12,577,210 Monthly Effective Rate of Return 2.76% 2.61% -0.15% Average Maturity ( in days) 414 457 43 End of month bank cash balance $1,991,329 $2,769,276 $777,947 Bond Proceeds Investments:* February March Inc./(Dec.) End of Month Bond Reserve Par Value $18,105,089 $15,923,483 ($2,181,606) End of Month Bond Reserve Market Value $18,105,089 $15,923,483 ($2,181,606) Deferred Compensation Investments:** December March Inc./(Dec.) Participant Balances $68,561,196 $66,412,503 ($2,148,693) Retiree Medical Trust:** December March Inc./(Dec.) Trust Balance $6,465,748 $5,712,161 ($753,587) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $445,417 $435,703 ($9,714) Interest Earned Year to Date $3,117,917 $3,521,948 $404,031 Earned Interest Yield Year to Date 3.50% 3.02% -0.48% Average Daily Balance $152,714,286 $200,621,730 $47,907,444 `Bond Proceeds Statements are issued monthly and may lag by more than one month. `*Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. April % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $116,246,423 52% None 721 3.34% Local Agency Inv. Fund (LAIF) $50,099,070 23% 60 million 1 1.61% Treasury Securities-Coupon $6,035,318 3% None 111 2.98% Medium Term Notes $16,117,604 7% 20% 977 2.13% Commercial Paper Disc. -Amortizing $20,985,745 9% 25% 50 0.44% Federal Agency Disc. -Amortizing $12,364,964 6% None 12 0.67% $221,849,124 100% 457 2.43% ��tJTINGr�� O N�ORPOflA 7f0 City of Huntington Beach f Tom_ = City of HB 2000 Main St Portfolio Management Huntington Beach Portfolio Summary ��UNTV CP April 30, 2009 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 115,885,000.00 117,414,698.65 116,246,422.88 52.40 1,004 721 3.292 3.338 Local Agency Investment Funds 50,099,070.18 50,099,070.18 50,099,070.18 22.58 1 1 1.585 1.607 Treasury Securities-Coupon 6,000,000.00 6,086,720.00 6,035,317.50 2.72 614 111 2.942 2.983 Medium Term Notes 16,000,000.00 16,137,660.00 16,117,603.62 7.27 1,084 977 2.101 2.130 Commercial Paper Disc.-Amortizing 21,000,000.00 20,974,880.00 20,985,745.00 9.46 129 50 0.430 0.436 Federal Agency Disc.-Amortizing 12,377,000.00 12,376,286.90 12,364,964.46 5.57 49 12 0.662 0.671 221,361,070.18 223,089,315.73 221,849,123.64 100.00% 637 457 2.393 2.427 Investments Cash and Accrued Interest Accrued Interest at Purchase 89,554.16 89,554.16 Subtotal 89,554.16 89,554.16 Total Cash and Investments 221,361,070.18 223,178,869.89 221,938,677.80 637 457 2.393 2.427 Total Earnings April 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 435,702.79 3,521,948.10 Current Budget 445,416.67 3,117,916.67 5,345,000.00 Last Year Actual 719,387.83 5,641,785.25 8,923,191.10 Average Daily Balance 203,124,393.45 200,621,730.37 Effective Rate of Return 2.61% 3.02% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on December 15, 2008. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Interactive Data Corporation. S - 3J-0 9 SH FREIDEN H,CPA,CITY TREASURER Reporting period 04/01/2009-04130/2009 Portfolio CITY AP Run Date:05/12/2009-10:40 PM(PRF_PM1)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments April 30, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000.000.00 2,010,000.00 1,999,806.78 5.050 AAA 5.150 38 06/08/2009 31331GBC2 3670 Federal Farm Credit Bank 09/15/2008 2,000,000.00 2,017,500.00 2,000,000.00 3.300 AAA 3.300 502 09/15/2010 31331 GBS7 3678 Federal Farm Credit Bank 09/17/2008 2,000,000.00 2,015,620.00 2,006,888.89 3.100 AAA 2.841 504 09/17/2010 31331GCHO 3680 Federal Farm Credit Bank 09/29/2008 2,000,000.00 2,021,880.00 2,000,000.00 3.750 AAA 3.750 881 09/29/2011 31331XH47 3713 Federal Farm Credit Bank 01/09/2009 2,025,000.00 2,050,940.25 2,049.219.00 5.250 AAA 0.555 94 08/03/2009 31331GS66 3727 Federal Farm Credit Bank 04/09/2009 2,000,000.00 2,006,260.00 2,000,000.00 2.200 AAA 2.200 1,074 04/09/2012 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,033,760.00 2,000,000.00 5.300 AAA 5.300 867 09/15/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,011,260,00 2,000,000.00 5.550 AAA 5.550 1,138 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,011,260.00 1,998,597.22 5.350 AAA 5.419 410 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,112,500.00 2,000,000.00 5.600 AAA 5.600 1,176 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,049,380.00 2,000,000.00 4.500 AAA 4.500 1,326 12/17/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,050,620.00 2,000,000.00 4.200 AAA 4.200 1,355 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,052,500.00 2,000,000.00 4.150 AAA 4.150 1,369 01/29/2013 3133XGEQ3 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 2,026,260.00 2,013,131.52 5250 AAA 2.672 96 08/05/2009 3133XR7F1 3648 Federal Home Loan Bank 05/12/2008 2,000,000.00 2,012,500.00 2,000,000.00 2.450 AAA 2.451 103 08/12/2009 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 2,013,120.00 1,999,573.10 2.500 AAA 2.579 104 08/13/2009 3133XS3F3 3666 Federal Home Loan Bank 08/27/2008 2,000,000.00 2,017,500.00 2,000,000.00 3.450 AAA 3.450 483 08/27/2010 3133XS5M6 3667 Federal Home Loan Bank 09/25/2008 2,000,000.00 2,022,500.00 2,000,000.00 3.000 AAA 3.000 147 09/25/2009 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,064,380.00 2,000,000.00 4.150 AAA 4.150 1,600 09/17/2013 3133XSDY1 3688 Federal Home Loan Bank 10/09/2008 2,000,000.00 2,011,260.00 2,003,395.45 3.560 AAA 2.556 60 06/30/2009 3133XQZM7 3689 Federal Home Loan Bank 10/16/2008 2,000,000.00 2,011,260.00 1,998,013.19 2.530 AAA 2.951 88 07/28/2009 3133XSE87 3691 Federal Home Loan Bank 10/15/2008 2,000,000.00 2,011,880.00 2,000,000.00 4.050 AAA 4.052 805 07/15/2011 3133XMD40 3720 Federal Home Loan Bank 02/23/2009 2,000,000.00 2,036,880.00 2,032,802A8 4.500 AAA 0.746 161 10/09/2009 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,039,080.00 2,000,000.00 4.125 AAA 4.125 201 11/18/2009 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,064,140.00 1,998,186.67 3.375 AAA 3.438 553 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,071,740.00 1,991,508.19 3.250 AAA 3.480 713 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,047,000.00 2,000,000.00 3.250 AAA 3.250 756 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,075,540.00 1,980,500.94 3.700 AAA 4.002 1,302 11/23/2012 3128X7SW5 3657 Federal Home Loan Mort Corp 05/29/2008 2,000,000.00 2,004,760.00 1,987,981.28 3.800 AAA 4.013 1,124 05/29/2012 3137EAAT6 3682 Federal Home Loan Mort Corp 09/23/2008 2,000,000.00 2,010,620.00 2,004,359.69 5.000 AAA 2.996 41 06/11/2009 3128X72Q6 3697 Federal Home Loan Mort Corp 10/27/2008 1,000,000.00 1,009,240.00 998,539.71 3.375 AAA 3.480 525 10/08/2010 3134A4US1 3698 Federal Home Loan Mort Corp 11/20/2008 1,662,000.00 1,676,027.28 1,669,928.80 4.250 AAA 1.900 75 07/15/2009 3128X8BD3 3702 Federal Home Loan Mort Corp 12/17/2008 2,000,000.00 2,002,060.00 2,000,000.00 1.250 AAA 1.250 230 12/17/2009 3128X8SN3 3722 Federal Home Loan Mort Corp 03/30/2009 2,000,000.00 2,003,560.00 2,000,000.00 1.700 AAA 1.703 517 09/30/2010 3128X8TZ5 3725 Federal Home Loan Mort Corp 04/08/2009 2,000,000.00 2,009,060.00 2,000,000.00 2.500 AAA 2.500 1,438 04/08/2013 3128X7VS0 3726 Federal Home Loan Mort Corp 04/03/2009 1,000,000.00 1,002,820.00 1,005,711.07 4.150 AAA 3.995 1,489 05/29/2013 Portfolio CITY AP Run Date:05/12/2009-10:40 PM(PRF_PM2)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments April 30, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3128X8XB3 3729 Federal Home Loan Mort Corp 04/22/2009 2,000,000.00 2,008,020.00 2,000,000.00 2.000 AAA 2.000 1,817 04/22/2014 3128X8XV9 3730 Federal Home Loan Mort Corp 04/27/2009 2,000,000.00 2,001,380.00 2,000,000.00 1.750 AAA 1.750 817 07/27/2011 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,043,760.00 2,000,000.00 4.600 AAA 4.600 1,323 12/14/2012 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 2,040,620.00 1,998,512.50 3.050 AAA 3.128 362 04/28/2010 31398AQW5 3642 Fed.Nat'l Mort.Assoc. 05/08/2008 2,000,000.00 2,000,620.00 2,000,000.00 4.250 AAA 4.250 1,468 05/08/2013 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,093,120.00 1,998,402.22 4.000 AAA 4.022 1,459 04/29/2013 3136F9WQ2 3661 Fed.Nat'l Mort.Assoc. 07/02/2008 2,000,000.00 2,011,260.00 2,000,000.00 4.000 AAA 4.000 427 07/02/2010 31359MU68 3681 Fed.Nat'l Mort.Assoc. 09/23/2008 2,000,000.00 2,030,000.00 2,013,778.39 5.375 AAA 2.938 106 08/15/2009 31398ATR3 3686 Fed.Nat'l Mort.Assoc. 10/06/2008 2,000,000.00 2,026,880.00 2,000,000.00 4.550 AAA 4.549 1,587 09/04/2013 31359MU68 3694 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,030,000.00 2,012,737.32 5.375 AAA 3.119 106 08/15/2009 31359MEY5 3695 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,046,880.00 2,025,280.50 6.625 AAA 3.150 137 09/15/2009 31359MEY5 3699 Fed.Nat'l Mort.Assoc. 11/20/2008 1,198,000.00 1,226,081.12 1,218,330.43 6.625 AAA 2.001 137 09/15/2009 31398ATM4 3700 Fed.Nat'l Mort.Assoc. 12/10/2008 3,000,000.00 3,031.890.00 3,030,106.20 4.000 AAA 3.541 847 08/26/2011 3136179Y23 3701 Fed.Nat'l Mort.Assoc. 12/10/2008 2,000,000.00 2,002,500.00 2,000,000.00 2.500 AAA 2.500 405 06/10/2010 31398ASX1 3703 Fed.Nat'l Mort.Assoc. 12/15/2008 2,000,000.00 2,015,620.00 2,021,611.71 3.750 AAA 2.863 460 08/04/2010 31398ATAO 3704 Fed.Nat'l Mort.Assoc. 12/15/2008 2,000,000.00 2,017,500.00 2,025,827.42 4.330 AAA 3.719 818 07/28/2011 31398ATM4 3707 Fed.Nat'l Mort.Assoc. 12/22/2008 2,000,000.00 2,021,260.00 2,028,843.88 4.000 AAA 3.343 847 08/26/2011 3136F9UY7 3708 Fed.Nat'l Mort.Assoc. 12/22/2008 2,000,000.00 2,010,000.00 2,025,010.92 4.260 AAA 3.755 966 12/23/2011 3136F9D75 3710 Fed.Nat'l Mort.Assoc. 12/30/2008 2,000,000.00 2,021,260.00 2,040,621.16 4.500 AAA 3.979 1,579 08/27/2013 31398ARD6 3712 Fed.Nat'l Mort.Assoc. 01/09/2009 2,000,000.00 2,003,120.00 2,016,218.64 3.600 AAA 3.185 748 05/19/2011 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000,000.00 2,005,620.00 2,000,000.00 2.000 AAA 2.000 1,001 01/27/2012 31398ATM4 3721 Fed.Nat'l Mort.Assoc. 03/23/2009 3,000,000.00 3,031,890.00 3,041,061.34 4.000 AAA 3.379 847 08/26/2011 31398ATAO 3724 Fed.Nat'l Mort.Assoc. 03/31/2009 1,000,000.00 1,008,750.00 1,011,936.27 4.330 AAA 3.767 818 07/28/2011 Subtotal and Average 112,603,960.69 115,885,000.00 117,414,698.65 116,246,422.88 3.338 721 Local Agency Investment Funds SYS982 982 Laif City 20,099,070.18 20,099,070.18 20,099,070.18 1.607 NR 1.607 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 1.607 NR 1.607 1 Subtotal and Average 58,425,868.38 50,099,070.18 50,099,070.18 50,099,070.18 1.607 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,027,420.00 2,000,161.59 4.875 AAA 4.834 106 08/15/2009 9128281-169 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,025,240.00 2,012,427.06 4.000 AAA 2.099 122 08/31/2009 9128275N8 3683 US Treasury Notes 09/24/2008 2,000,000.00 2,034,060.00 2,022,728.85 6.000 AAA 2.032 106 08/15/2009 Subtotal and Average 6,039,925.72 6,000,000.00 6,086,720.00 6,036,317.60 2.983 111 Portfolio CITY AP Run Date:05/12/2009-10:40 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Investments April 30, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Medium Term Notes 06050BAJO 3734 Bank of America FDIC Insured 04/30/2009 2,000,000.00 2,027,480.00 2,033,130.71 2.375 Aaa 1.830 1,148 06/22/2012 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,049,940.00 1,976,001.25 4.200 Aaa 5.023 593 12/15/2010 17314AAF9 3723 Citigroup FDIC Insured 03/30/2009 2,000,000.00 2,004,220.00 1,994,774.43 2.000 P-1 2.093 1,064 03/30/2012 36967HAN7 3733 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,019,100.00 2,030,570.35 2.250 Aaa 1.701 1,046 03/12/2012 36967HAHO 3735 General Electric Cap FDIC Insu 04/30/2009 2,000,000.00 2,012,520.00 2,021,001.20 2.200 Aaa 1.850 1,134 06/08/2012 38146FAF8 3732 Goldman Sachs FDIC Insured 04/27/2009 2,000,000.00 2,007,880.00 2,007,542.01 1.625 Aaa 1.450 805 07/15/2011 481247AKO 3738 JP Morgan Chase FDIC Insured 04/30/2009 2,000,000.00 2,009,280.00 2,025,996.87 2.200 Aaa 1.770 1,141 06/15/2012 61757UAF7 3736 Morgan Stanley FDIC Insured 04/30/2009 2,000,000.00 2,007,240.00 2,028,586.80 2.000 Aaa 1.390 874 09/22/2011 Subtotal and Average 4,575,757.95 16,000,000.00 16,137,660.00 16,117,603.62 2.130 977 Commercial Paper Disc.-Amortizing 17314GTK5 3715 Citigroup FDIC Insured 01/20/2009 2,000,000.00 1,997,840.00 1,998,557.22 0.530 P-1 0.539 49 06/19/2009 17314GU64 3716 Citigroup FDIC Insured 01/22/2009 2,000,000.00 1,996,220.00 1,997,983.33 0.550 P-1 0.559 66 07/06/2009 17314GTC3 3728 Citigroup FDIC Insured 04/17/2009 4,000,000.00 3,997,000.00 3,998,926.67 0.230 P-1 0.233 42 06/12/2009 36161CTS1 3709 GE Capital FDIC Insured 12/29/2008 2,000,000.00 1,997,540.00 1,998,506.67 0.480 P-1 0.488 56 06/26/2009 36161CS11 3711 GE Capital FDIC Insured 12/30/2008 3,000,000.00 3,000,000.00 3,000,000.00 0.230 P-1 0.233 0 05/01/2009 36161CTN2 3717 GE Capital FDIC Insured 01/22/2009 2,000,000.00 1,997,720.00 1,998,324.44 0.580 P-1 0.589 52 06/22/2009 36161CUD2 3718 GE Capital FDIC Insured 01/28/2009 2,000,000.00 1,995,820.00 1,997,242.22 P-1 0.692 73 07/13/2009 36161CUQ3 3719 GE Capital FDIC Insured 01/28/2009 2,000,000.00 1,995,200.00 1,996,826.67 0.680 P-1 0.692 84 07/24/2009 36161CTS1 3731 GE Capital FDIC Insured 04/20/2009 2,000,000.00 1,997,540.00 1,999,377.78 0.200 P-1 0.203 56 06/26/2009 Subtotal and Average 18,783,397.69 21,000,000.00 20,974,880.00 20,985,746.00 0.436 50 Federal Agency Disc.-Amortizing 313385FA9 3737 Federal Home Loan Bank 04/30/2009 10,000,000.00 10,000,000.00 10,000,000.00 0.100 AAA 0.103 0 05/01/2009 313589HQ9 3693 Fed.Nat'l Mort.Assoc. 10/24/2008 2,377,000.00 2,376,286.90 2,364,964.46 2.940 AAA 3.073 62 07/02/2009 Subtotal and Average 2,695,483.03 12,377,000.00 12,376,286.90 12,364,964.46 0.671 12 Total and Average 203,124,393.45 221,361,070.18 223,089,315.73 221,849,123.64 2.427 457 Portfolio CITY AP Run Date:05/12/2009-10:40 PM(PRF_PM2)SymRept 6.42 City of 1113 Portfolio Management Page 5 Portfolio Details - Cash April 30, 2009 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 89,554.16 89,554.16 0 Subtotal 89,554.16 89,554.16 Total Cash and Investments 203,124,393.45 221,361,070.18 223,178,869.89 221,938,677.80 2.427 457 Portfolio CITY AP Run Date:05/12/2009-10:40 PM(PRF_PM2)SymRepl 6.42 City of HB Portfolio Management Page 6 Activity By Type April 1, 2009 through April 30, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331YZS2 3629 Federal Farm Credit Bank 4.000 04/01/2009 0.00 2,000,000.00 31331GSB6 3727 Federal Farm Credit Bank 2.200 04/09/2009 2,000,000.00 0.00 3133XSGXO 3690 Federal Home Loan Bank 1.900 04/09/2009 0.00 2,000,000.00 3128X8TZ5 3725 Federal Home Loan Mort Corp 2.500 04/08/2009 2,000,000.00 0.00 3128X7VS0 3726 Federal Home Loan Mort Corp 4.150 04/03/2009 1,005,820.00 0.00 3128X8XB3 3729 Federal Home Loan Mort Corp 2.000 04/22/2009 2,000,000.00 0.00 3128X8XV9 3730 Federal Home Loan Mort Corp 1.750 04/27/2009 2,000,000.00 0.00 Subtotal 9,005,820.00 4,000,000.00 116,246,422.88 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.607 9,435,718.15 19,300,000.00 SYS2206 2206 LAIF-Redevelopment Agency 1.607 141,134.68 141,134.68 Subtotal 9,576,852.83 19,441,134.68 50,099,070.18 Treasury Securities-Coupon Subtotal 6,035,317.50 Medium Term Notes 06050BAJO 3734 Bank of America FDIC Insured 2.375 04/30/2009 2,033,160.00 0.00 36967HAN7 3733 General Electric Cap FDIC Insu 2.250 04/30/2009 2,030,600.00 0.00 36967HAHO 3735 General Electric Cap FDIC Insu 2.200 04/30/2009 2,021,020.00 0.00 38146FAF8 3732 Goldman Sachs FDIC Insured 1.625 04/27/2009 2,007,580.00 0.00 481247AKO 3738 JP Morgan Chase FDIC Insured 2.200 04/30/2009 2,026,020.00 0.00 61757UAF7 3736 Morgan Stanley FDIC Insured 2.000 04/30/2009 2,028,620.00 0.00 Subtotal 12,147,000.00 0.00 16,117,603.62 Commercial Paper Disc.-Amortizing 17314GR35 3705 Citigroup FDIC Insured 0.430 04/03/2009 0.00 2,000,000.00 17314GRH4 3706 Citigroup FDIC Insured 0.530 04/17/2009 0.00 2,000,000.00 17314GTC3 3728 Citigroup FDIC Insured 0.230 04/17/2009 3,998,568.89 0.00 36161CTS1 3731 GE Capital FDIC Insured 0.200 04/20/2009 1,999,255.56 0.00 Subtotal 5,997,824.45 4,000,000.00 20,985,745.00 Federal Agency Disc.-Amortizing 313385FA9 3737 Federal Home Loan Bank 0.100 04/30/2009 9,999,972.22 0.00 Portfolio CITY AP Run Date:05/12/2009-10:40 PM(PRF_PM3)SymRept 6.42 Report Ver.5.00 City of 1-113 Portfolio Management Page 7 Activity By Type April 1, 2009 through April 30, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Subtotal 9,999,972.22 0.00 12,364,964.46 Total 46,727,469.50 27,441,134.68 221,849,123.64 Portfolio CITY AP Run Date:05/12/2009-10:40 PM(PRF_PM3)SymRept 6.42 City of 1-E13 Portfolio Management Page 8 Activity Summary April 2008 through April 2009 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity April 2008 88 220,642,095.52 3.785 3.837 3.400 14 7 665 454 May 2008 94 238,678,019.73 3.657 3.708 3.072 15 9 696 504 June 2008 93 238,795,438.00 3.551 3.601 2.894 5 6 654 473 July 2008 87 228,997,955.43 3.569 3.619 2.787 2 8 701 509 August 2008 74 204,646,757.05 3.458 3.506 2.779 1 14 684 483 September 2008 72 196,403,906.46 3.391 3.438 2.774 17 19 675 499 October 2008 76 195,260,549.78 3.352 3.399 2.774 14 10 685 531 November 2008 72 189,756,578.31 3.270 3.315 2.568 2 6 667 505 December 2008 77 200,279,167.62 3.040 3.082 2.355 12 7 638 487 January 2009 79 209,134,703.76 2.811 2.850 2.046 8 6 628 466 February 2009 74 207,184,404.24 2.676 2.713 1.869 1 6 585 417 March 2009 73 199,977,655.16 2.626 2.663 1.822 4 5 597 414 April 2009 83 203,124,393.45 2.393 2.427 1.607 14 4 637 457 Average 80 210,250,771.48 3.198% 3.243% 2.519 8 8 655 477 Portfolio CITY AP Run Date:05/12/2009-10:40 PM(PRF_PM4)SymRept 6.42 Report Ver.5.00 City of FlB Portfolio Management Page 9 Distribution of Investments By Type April 2008 through April 2009 April May June July August September October November December January February March April Average Security Type 2008 2008 2008 2008 2008 2008 2008 2008 2008 2009 2009 2009 2009 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 55.2 55.1 52.3 54.2 53.1 54.1 62.6 61.1 58.4 57.3 56.2 54.9 52.4 55.9% Local Agency Investment Funds 25.2 23.6 24.8 21.8 27.7 28.5 23.7 28.3 28.6 26.9 29.4 29.6 22.6 26.2% Treasury Securities-Coupon 8.6 9.2 9.1 8.4 6.1 5.2 3.2 3.2 2.9 2.9 3.0 3.0 2.7 5.2% Medium Term Notes 1.7 1.6 1.6 1.8 2.0 2.0 1.0 1.0 0.9 0.9 1.0 2.0 7.3 1.9% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 1.7 0.8 0.9 1.0 6.1 6.2 4.2 8.1 10.9 9.3 9.4 9.5 5.2% Federal Agency Disc.-Amortizing 7.6 8.1 8.1 9.1 6.0 3.1 2.3 2.3 1.1 1.1 1.2 1.2 5.6 4.4% Treasury Discounts-Amortizing 2.5 3.3 3.7 4.1 1.0 1.0 1.2% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:05/12/2009-10:40 PM(PRF_PM5)SynnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 10 Interest Earnings Summary April 30, 2009 April 30 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 253,549.31 2,847,308.75 Plus Accrued Interest at End of Period 1,328,467.12 1,328,467.12 Less Accrued Interest at Beginning of Period ( 1,177,894.23) ( 1,248,397.79) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 404,122.20 2,927,378.08 Adjusted by Premiums and Discounts -45,589.58 -135,234.36 Adjusted by Capital Gains or Losses 0.00 39,891.35 Earnings during Periods 358,532.62 2,832,035.07 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 280,852.83 970,264.41 Plus Accrued Interest at End of Period 79,141.31 79,141.31 Less Accrued Interest at Beginning of Period ( 282,823.97) ( 359,492.69) Interest Earned during Period 77,170.17 689,913.03 Total Interest Earned during Period 481,292.37 3,617,291.11 Total Adjustments from Premiums and Discounts -45,589.58 -135,234.36 Total Capital Gains or Losses 0.00 39,891.35 Total Earnings during Period 435,702.79 3,521,948.10 Portfolio CITY AP Run Date:05/12/2009-10:40 PM(PRF_PM6)SyrnRept 6.42 Report Ver.5.00 Statement of Cash receipts, Disbursements, and Fund Balances Office of the City Treasurer ' April 2009 Cash Receipts and Disbursements March 2009 April 2009 Incoming Receipts Property Tax Receipts $2,472,630 $22,838,937 Utility Tax Receipts 1,736,065 1,760,313 Sales Tax Receipts 1,490,379 1,344,400 Highway Users Tax Receipts 0 (1) 0 (1) Transient Occupancy Tax Receipts 358,467 389,473 All Other Receipts 22,956,990 21,448,484 Outgoing Disbursements -$31,290,931 -$26,851,984 Net Change in Cash Flow -$2,276,400 $20,929,623 Summary of Cash by Fund March 2009 April 2009 General Fund $30,086,928 $42,664,138 Government Funds 526,872 488,404 Capital Funds 19,686,811 20,707,614 Debt Service Funds 6,162,923 12,993,645 Enterprise Funds 94,080,755 96,353,327 Fiduciary Funds 27,146,517 27,469,576 Special Revenue Funds 26,187,053 22,467,800 $203,877,859 * $223,144,504 (1) The State of California has deferred tax payments for March through May until June 2009. "Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report of Receipts&Disbursements April 2009 State of California Pooled Money Investment Account Market Valuation 4/30/2009 r Crryinq Cost Rlus Description Accrued Interes#"Porch: Fair V ue Accrueilnterest;, United States Treasury: Bills $ 8,997,529,696.62 $ 9,093,776,000.00 NA Notes $ 4,537,199,434.84 $ 4,541,157,552.00 $ 61,019,228.80 Federal Agency: SBA $ 553,524,561.81 $ 538,704,373.23 $ 564,052.74 MBS-REMICs $ 1,027,667,687.81 $ 1,059,647,732.64 $ 4,884,741.75 Debentures $ 3,012,292,036.08 $ 3,049,374,800.00 $ 51,235,341.92 Debentures FR $ 5,298,612,257.53 $ 5,310,257,490.00 $ 9,898,874.81 Discount Notes $ 6,538,685,630.62 $ 6,605,984,300.00 NA FHLMC PC $ 391.65 $ 397.71 $ 6.98 GNMA $ 130,697.37 $ 145,940.83 $ 1,291.60 IBRD Deb FR $ 300,000,000.00 $ 298,848,000.00 $ 77,255.50 CDs and YCDs FR $ - $ - $ - Bank Notes $ 400,000,000.00 $ 400,000,000.00 $ 4,444.45 CDs and YCDs $ 4,200,027,006.81 $ 4,199,232,389.50 $ 917,166.67 Commercial Paper $ 2,199,522,333.36 $ 2,199,614,111.11 NA Corporate: Bonds FR $ 320,900,609.19 $ 318,703,196.12 $ 726,500.20 Bonds $ 58,041,528.33 $ 58,117,602.30 $ 438,837.78 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 6,315,700,000.00 $ 6,315,700,000.00 NA AB 55 &GF Loans 17,886,628,068.56 17,886,628,068.56 NA TOTAL $ 61,646,461,940.58 1 $ 61,875,891,954.00 $ 129,767,743.20 Fair Value Including Accrued Interest $ 62,005,659,697.20 Repurchase Agreements, Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of March 31, 2009 Summary of investments by type Market Value Market Value Par Value Investment Type as of 2/28/09 as of 3/31/09 $5,797,600 Local Agency Investment Fund (LAIF) $5,797,600 $5,797,600 $0 Federal Agency Issues $0 $0 $6,798,361 Investment Agreements $6,798,361 $6,798,361 $3,327,522 Money Market Funds $5,509,128 $3,327,522 $0 US Treasury Securities $0 $0 $15,923,483 $18,105,089 $15,923,483 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 2/28/09 as of 3/31/09 $2,500,980 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,500,980 $2,500,980 $2,180,088 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,842,832 $2,180,088 $1,649,399 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,398 $1,649,399 $514,254 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $663,402 $514,254 $2,042,260 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,685,993 $2,042,260 $2,621,259 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $2,620,887 $2,621,259 $1,248,637 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,715,574 $1,248,637 $213,170 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,764 $213,170 $1,449,848 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,751,027 $1,449,848 $758,284 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $758,284 $758,284 $560,052 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $560,051 $560,052 $185,252 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $181,897 $185,252 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $15,923,483 $18,105,089 $15,923,483 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2009 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (12-31-08) (3-31-09) iCMA Retirement Corporation (457 Plan) $21,949,499 $547,592 ($473,890) ($610,261) ($282) $21,412,658 ICMA Retirement Corporation (401 Plan) $803,514 $22,628 $0 ($24,173) $0 $801,969 Nationwide Retirement Solutions (457 Plan)* $45,808,183 $756,096 ($744,300) ($1,623,162) $1,059 $44,197,876 Total Deferred Compensation Plan Balances $68,561,196 $1,326,316 ($1,218,190) ($2,257,596) $777 $66,412,503 *Other fees/adjustments column contains a beginning balance adjustment to the 12/31/08 due to a fund pricing change. ATTAC H M E N T #4 City of Huntington Beach Retiree Medical Trust Information as of March 31, 2009 Beginning Balance Contributions Distributions/ Earnings Other Ending (12-31-08) Transfers (change in value) Balance (3-31-09) CalPERS Retiree Medical Trust Account $6,465,748 $0 $0 ($752,692) ($895) $5,712,161 ATTACHMENT #5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM April Report FB 17, 1409, 0 , Shari L . Freidenrich , CPA, CCMT, CPFA, CPFIM June 15, 2009 Treasurer's Report ® Shari L o Freidenr►ch, CPA, CC MT, CPFA, CFFi $ in 000's Financial Information: March April Once/(Dec.) End of Month City Portfolio $202.608 $221 .849 $19.241 End of Month Market Value $203.916 $223.089 $19.173 Interest Earned for Month $0.468 $0.436 ($0.032) Earned Interest Yield Year to Date 3.09% 3.02% (0.10%) Average Maturity ( in days) 414 457 43 YTD Average Daily Balance $200.209 $200.622 $0.413 $ in 00 's Change From YTD Change Sgt. Change Receipts Thru April 09 Same Month % From Last % From Prior Last Year Year Yr. Receipts Property Tax Receipts $1 ,834 8.7% $2,871 4.0% 4.4% - 1 % Sales Tax Receipts $39 2.8% $754 8.6% 5.5% fled UtilityUsers Tax $100 5.4% $98 0.9% 7.7% Red Transient Occupancy Tax $201 34.0% $702 24.0% 12.1 % F2ed Highway Users Tax $20 7.5% $139 9.6% 4.8% �2ed Foreclosures $23 57.5% $58 49.6% N/A aed 'r Difference between YTD % and Budget % is equal to or greater than 0% - ® Difference between YTD % and Budget % is between (5%) and 0% Red Difference between YTD % and Budget % is greater than (5%) FEX"CA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's April 2009 Investment Summary Report COUNCIL MEETING DATE: June 15, 2009 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attomey) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Ap licable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) N Attached Not p Commission, Board or Committee Report (If applicable) Attached El Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable ENPLAWATOON FOR UI3SQNG AT ACG;IGUnICMTS REVIEWED . RETURNED FOR ), DED' Administrative Staff ( ) ) Deputy City Administrator (Initial) City Administrator (initial) ) City Clerk ( ) EXPO_ANATION FOR RETURN-OF ITEM; ® ® _ o RCA Author: SLF Council/Agency Meeting Held: Deferred/Continued to: Ao naturer -/ Council Meeting Date: 5/4/2009 Departme Number: CT 09-011 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBER SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURE PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S MARCH 2O09 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for March 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for March 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 5/4/2009 DEPARTMENT ID NUMBER: CT 09-011 Attachment(s): ptge NumberNo. ® - o1. e 1. Monthly Investment Report and Summary of Investments for March 2009 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. March 2009 PowerPoint Presentation -2- 4/16/2009 8:26 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for March 2009 City Investment Portfolio: February March Inc./(Dec.) End of month City Portfolio Balance $203,957,289 $202,608,378 ($1,348,911) End of Month Market Value $205,371,059 $203,915,978 ($1,455,081) End of month General Fund Balance $33,781,609 $30,086,928 ($3,694,681) Monthly Effective Rate of Return 3.03% 2.76% -0.27% Average Maturity ( in days) 417 414 (3) End of month bank cash balance $2,898,776 $1,991,329 ($907,447) Bond Proceeds Investments:* January February Inc./(Dec.) End of Month Bond Reserve Par Value $17,730,433 $18,105,089 $374,656 End of Month Bond Reserve Market Value $17,730,433 $18,105,089 $374,656 Deferred Compensation Investments:** December March Inc./(Dec.) Participant Balances $68,561,196 $66,412,503 ($2,148,693) Retiree Medical Trust:** September December Inc./(Dec.) Trust Balance $7,869,755 $6,465,748 ($1,404,007) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $445,417 $467,931 $22,514 Interest Earned Year to Date $2,672,500 $3,087,102 $414,602 Earned Interest Yield Year to Date 3.50% 3.09% -0.41% Average Daily Balance $152,714,286 $200,209,203 $47,494,917 *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. March % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $111,291,127 55% None 702 3.43% Local Agency Inv. Fund (LAIF) $59,963,352 30% 60 million 1 1.82% Treasury Securities-Coupon $6,044,852 3% None 141 2.98% Medium Term Notes $3,969,393 2% 20% 860 3.55% Commercial Paper Disc. -Amortizing $18,980,513 9% 25% 66 0.51% Federal Agency Disc. -Amortizing $2,359,141 1% None 92 3.07% $202,608,378 100% 414 2.66% 6Tp41 O` NGORPO AATEO !p F City of Huntington Beach City of 1"113 2000 Main St Portfolio Management Huntington Beach fe'b.1943.a� OQ Portfolio Summary cFppUNTY CP��`< March 31, 2009 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 110,885,000.00 112,476,814.65 111,291,127.05 54.93 978 702 3.378 3.425 Local Agency Investment Funds 59,963,352.03 59,963,352.03 59,963,352.03 29.60 1 1 1.797 1.822 Treasury Securities-Coupon 6,000,000.00 6,106,320.00 6,044,851.76 2.98 614 141 2.941 2.982 Medium Term Notes 4,000,000.00 4,035,060.00 3,969,393.42 1.96 1,261 860 3.502 3.551 Commercial Paper Disc.-Amortizing 19,000,000.00 18,958,620.00 18,980,513.33 9.37 147 66 0.507 0.514 Federal Agency Disc.-Amortizing 2,377,000.00 2,375,811.50 2,359,140.81 1.16 251 92 3.031 3.073 202,225,352.03 203,915,978.18 202,608,378.40 100.00% 597 414 2.626 2.663 Investments Cash and Accrued Interest Accrued Interest at Purchase 63,440.97 63,440.97 Subtotal 63,440.97 63,440.97 Total Cash and Investments 202,225,352.03 203,979,419.15 202,671,819.37 597 414 2.626 2.663 Total Earnings March 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 467,931.17 3,087,102.01 Current Budget 445,416.66 2,672,500.00 5,345,000.00 Last Year Actual 764,619.56 4,922,397.42 8,923,191.10 Average Daily Balance 199,977,655.16 200,209,203.48 Effective Rate of Return 2.76% 3.09% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on December 15,2008. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided b nion Bank via Interactive Data Corporation. 0 9 SHA)4W,FfREIDENRICFr,CPA,CITY TREASURER Reporting period 03/01/2009-03/31/2009 Portfolio CITY AP Run Date:04/13/2009-10:05 PM(PRF_PM1)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments March 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,016,880.00 1,999,650.11 5.050 AAA 5.150 68 06/08/2009 31331YZS2 3629 Federal Farm Credit Bank 04/01/2008 2,000,000.00 2,000,000.00 2,000,000.00 4.000 AAA 4.000 1,461 04/01/2013 31331GBC2 3670 Federal Farm Credit Bank 09/15/2008 2,000,000.00 2,019,380.00 2,000,000.00 3.300 AAA 3.300 532 09/15/2010 31331GBS7 3678 Federal Farm Credit Bank 09/17/2008 2,000,000.00 2,017,500.00 2,007,305.56 3.100 AAA 2.841 534 09/17/2010 31331GCHO 3680 Federal Farm Credit Bank 09/29/2008 2,000,000.00 2,022,500.00 2,000,000.00 3.750 AAA 3.750 911 09/29/2011 31331XH47 3713 Federal Farm Credit Bank 01/09/2009 2,025,000.00 2,057,906.25 2,057,116.50 5.250 AAA 0.555 124 08/03/2009 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,036,880.00 2,000,000.00 5.300 AAA 5.300 897 09/15/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,017,500.00 2,000,000.00 5.550 AAA 5.550 1,168 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,018,760.00 1,998,493.06 5.350 AAA 5.419 440 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,108,120.00 2,000,000.00 5.600 AAA 5.600 1,206 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,048,120.00 2,000,000.00 4.500 AAA 4.500 1,356 12/17/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,046,880.00 2,000,000.00 4.200 AAA 4.200 1,385 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,048,120.00 2,000,000.00 4.150 AAA 4.150 1,399 01/29/2013 3133XGEQ3 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 2,032,500.00 2,017,322.42 5.250 AAA 2.672 126 08/05/2009 3133XR7F1 3648 Federal Home Loan Bank 05/12/2008 2,000,000.00 2,014,380.00 2,000,000.00 2.450 AAA 2.451 133 08/12/2009 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 2,014,380.00 1,999,447.54 2.500 AAA 2.579 134 08/13/2009 3133XS3F3 3666 Federal Home Loan Bank 08/27/2008 2,000,000.00 2,020,620.00 2,000,000.00 3.450 AAA 3.450 513 08/27/2010 3133XS5M6 3667 Federal Home Loan Bank 09/25/2008 2,000,000.00 2,020,620.00 2,000,000.00 3.000 AAA 3.000 177 09/25/2009 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,056,260.00 2,000,000,00 4.150 AAA 4.150 1,630 09/17/2013 3133XSDY1 3688 Federal Home Loan Bank 10/09/2008 2,000,000.00 2,015,000.00 2,005,093.18 3.560 AAA 2.556 90 06/30/2009 3133XQZM7 3689 Federal Home Loan Bank 1 Oil 6/2008 2,000,000.00 2,013.120.00 1,997,328.09 2.530 AAA 2.951 118 07/28/2009 3133XSGXO 3690 Federal Home Loan Bank 1 Oil 7/2008 2,000,000.00 2,000,000.00 1,999,539.53 1.900 AAA 2.951 8 04/09/2009 3133XSE87 3691 Federal Home Loan Bank 10/15/2008 2,000,000.00 2,014,380.00 2,000,000.00 4.050 AAA 4.052 835 07/15/2011 3133XMD40 3720 Federal Home Loan Bank 02/23/2009 2,000,000.00 2,037,500.00 2,039,030.80 4.500 AAA 0.746 191 10/09/2009 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,039,080.00 2,000,000.00 4.125 AAA 4.125 231 11/18/2009 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,063,360.00 1,998,086.67 3.375 AAA 3.438 583 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,067,660.00 1,991,145.80 3.250 AAA 3.480 743 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,041,980.00 2,000,000.00 3.250 AAA 3.250 786 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,066,840.00 1,980,044.64 3.700 AAA 4.002 1,332 11/23/2012 3128X7SW5 3657 Federal Home Loan Mort Corp 05/29/2008 2,000,000.00 2,008,540.00 1,987,655.86 3.800 AAA 4.013 1,154 05/29/2012 3137EAAT6 3682 Federal Home Loan Mort Corp 09/23/2008 2,000,000.00 2,017,500.00 2,007,629.46 5.000 AAA 2.996 71 06/11/2009 3128X72Q6 3697 Federal Home Loan Mort Corp 10/27/2008 1,000,000.00 1,009,620.00 998,454.98 3.375 AAA 3.480 555 10/08/2010 3134A4US1 3698 Federal Home Loan Mort Corp 11/20/2008 1,662,000.00 1,680,182.28 1,673,143.18 4.250 AAA 1.900 105 07/15/2009 3128X8BD3 3702 Federal Home Loan Mort Corp 12/17/2008 2,000,000.00 2,001,780.00 2,000,000.00 1.250 AAA 1.250 260 12/17/2009 3128X8SN3 3722 Federal Home Loan Mort Corp 03/30/2009 2,000,000.00 2.004,120.00 2,000,000.00 1.700 AAA 1.703 547 09/30/2010 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,044,380.00 2,000,000.00 4.600 AAA 4.600 1,353 12/14/2012 Portfolio CITY AP Run Date:04/13/2009-10:05 PM(PRF_PM2)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments March 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 2,041,260.00 1,998,387.50 3.050 AAA 3.128 392 04/28/2010 31398AQW5 3642 Fed.Nat'l Mort.Assoc. 05/08/2008 2,000,000.00 2,006,880.00 2.000,000.00 4.250 AAA 4.250 1,498 05/08/2013 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,090,620.00 1,998,368.89 4.000 AAA 4.022 1,489 04/29/2013 3136F9WQ2 3661 Fed.Nat'l Mort.Assoc. 07/02/2008 2,000,000.00 2,015,620.00 2,000,000.00 4.000 AAA 4.000 457 07/02/2010 31359MU68 3681 Fed.Nat'l Mort.Assoc. 09/23/2008 2,000,000.00 2,036,260.00 2,017,752.92 5.375 AAA 2.938 136 08/15/2009 31398ATR3 3686 Fed.Nat'l Mort.Assoc. 10/06/2008 2,000,000.00 2,030,000.00 2,000,000.00 4.550 AAA 4.549 1,617 09/04/2013 31359MU68 3694 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,036,260.00 2,016,411.55 5.375 AAA 3.119 136 08/15/2009 31359MEY5 3695 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,051.880.00 2,030,940.31 6.625 AAA 3.150 167 09/15/2009 31359MEY5 3699 Fed.Nat'l Mort.Assoc. 11/20/2008 1,198,000.00 1,229,076.12 1,222,882.01 6.625 AAA 2.001 167 09/15/2009 31398ATM4 3700 Fed.Nat'l Mort.Assoc. 12/10/2008 3,000,000.00 3,035,640.00 3,031,187.86 4.000 AAA 3.541 877 08/26/2011 3136179Y23 3701 Fed.Nat'l Mort.Assoc. 12/10/2008 2,000,000.00 2,003,120.00 2,000,000.00 2.500 AAA 2.500 435 06/10/2010 31398ASX1 3703 Fed.Nat'l Mort.Assoc. 12/15/2008 2,000,000.00 2,018,760.00 2,023,042.95 3.750 AAA 2.863 490 08/04/2010 3139BATAO 3704 Fed.Nat'l Mort.Assoc. 12/15/2008 2,000,000.00 2,020,620.00 2,026,787.55 4.330 AAA 3.719 848 07/28/2011 31398ATM4 3707 Fed.Nat'l Mort.Assoc. 12/22/2008 2,000,000.00 2,023,760.00 2,029,880.19 4.000 AAA 3.343 877 08/26/2011 3136F9UY7 3708 Fed.Nat'l Mort.Assoc. 12/22/2008 2,000,000.00 2,014,380.00 2,025,799.07 4.260 AAA 3.755 996 12/23/2011 3136F91375 3710 Fed.Nat'l Mort.Assoc. 12/30/2008 2,000,000.00 2,023,120.00 2,041,404.34 4.500 AAA 3.979 1,609 08/27/2013 31398ARD6 3712 Fed.Nat'l Mort.Assoc. 01/09/2009 2,000,000.00 2,006,880.00 2,016,877.93 3.600 AAA 3.185 778 05/19/2011 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000,000.00 2,004,380.00 2,000,000.00 2.000 AAA 2.000 1,031 01/27/2012 31398ATM4 3721 Fed.Nat'l Mort.Assoc. 03/23/2009 3,000,000.00 3,035,640.00 3,042,536.60 4.000 AAA 3.379 877 08/26/2011 31398ATAO 3724 Fed.Nat'l Mort.Assoc. 03/31/2009 1,000,000.00 1,010,310.00 1,012,380.00 4.330 AAA 3.767 848 07/28/2011 Subtotal and Average 110,529,068.98 110,885,000.00 112,476,814.65 111,291,127.05 3.425 702 Local Agency Investment Funds SYS982 982 Laif City 29,963,352.03 29,963,352.03 29.963,352.03 1.822 NR 1.822 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 1,822 NR 1.822 1 Subtotal and Average 59,963,352.03 59,963,352.03 59,963,352.03 59,963,352.03 1.822 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,034,140.00 2,000,207.32 4.875 AAA 4.834 136 08/15/2009 9128281-169 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,029,840.00 2,015,482.90 4.000 AAA 2.099 152 08/31/2009 9128275NB 3683 US Treasury Notes 09/24/2008 2,000,000.00 2,042,340.00 2,029,161.54 6.000 AAA 2.032 136 08/15/2009 Subtotal and Average 6,049,618.88 6,000,000.00 6,106,320.00 6,044,851.76 2.982 141 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,028,640.00 1,974,768.44 4.200 Aaa 5.023 623 12/15/2010 17314AAF9 3723 Citigroup Insured 03/30/2009 2,000,000.00 2,006,420.00 1,994,624.98 2.000 P-1 2.093 1,094 03/30/2012 Portfolio CITY AP Run Date:04/13/2009-10:05 PM(PRF_PM2)SymRept 6.42 City of H13 Portfolio Management Page 4 Portfolio Details - Investments March 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Subtotal and Average 2,102,877.12 4,000,000.00 4,035,060.00 3,969,393.42 3.551 860 Commercial Paper Disc.-Amortizing 17314GR35 3705 Citigroup Insured 12/16/2008 2,000,000.00 1,999,960.00 1,999,952.22 0.430 P-1 0.437 2 04/03/2009 17314GRH4 3706 Citigroup Insured 12/16/2008 2,000,000.00 1,999,540.00 1,999,528.89 0.530 P-1 0.538 16 04/17/2009 17314GTK5 3715 Citigroup Insured 01/20/2009 2,000,000.00 1,994,960.00 1,997,673.89 0.530 P-1 0.539 79 06/19/2009 17314GU64 3716 Citigroup Insured 01/22/2009 2,000,000.00 1,992,740.00 1,997,066.66 0.550 P-1 0.559 96 07/06/2009 36161CTS1 3709 GE Capital Insured 12/29/2008 2,000,000.00 1,994,500.00 1,997,706.67 0.480 P-1 0.488 86 06/26/2009 36161CS11 3711 GE Capital Insured 12/30/2008 3,000,000.00 2,998,560.00 2,999,425.00 0.230 P-1 0.233 30 05/01/2009 36161CTN2 3717 GE Capital Insured 01/22/2009 2,000,000.00 1,994,760.00 1,997,357.78 0.580 P-1 0.589 82 06/22/2009 36161CUD2 3718 GE Capital Insured 01/28/2009 2,000,000.00 1,992,220.00 1,996,108.89 0-W80 P-1 0.692 103 07/13/2009 36161CUQ3 3719 GE Capital Insured 01/28/2009 2,000,000.00 1,991,380.00 1,995;693.33 0.680 P-1 0.692 114 07/24/2009 Subtotal and Average 18,976,509.16 19,000,000.00 18,958,620.00 18,980,513.33 0.514 66 Federal Agency Disc.-Amortizing 313589HQ9 3693 Fed.Nat'l Mort.Assoc. 10/24/2008 2,377,000.00 2,375,811.50 2,359,140.81 2.940 AAA 3.073 92 07/02/2009 Subtotal and Average 2,356,228.98 2,377,000.00 2,375,811.50 2,359,140.81 3.073 92 Total and Average 199,977,655.16 202,225,352.03 203,915,978.18 202,608,378.40 2.663 414 Portfolio CITY AP Run Date:04/13/2009-10:05 PM(PRF_PM2)SyrnRept 6.42 City of HB Portfolio Management Page 5 Portfolio Details - Cash March 31, 2009 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 63,440.97 63.440.97 0 Subtotal 63,440.97 63,440.97 Total Cash and Investments 199,977,655.16 202,225,352.03 203,979,419.15 202,671,819.37 2.663 414 Portfolio CITY AP Run Date:04/13/2009-10:05 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 6 Activity By Type March 1, 2009 through March 31, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 3133XSA73 3684 Federal Home Loan Bank 2.800 03/24/2009 0.00 1,994,929.58 3128X7X74 3685 Federal Home Loan Mort Corp 4.000 03/16/2009 0.00 1,997,211.27 3128X67H3 3687 Federal Home Loan Mort Corp 3.250 03/10/2009 0.00 1,996,477.50 3134A3EM4 3692 Federal Home Loan Mort Corp 5.750 03/15/2009 0.00 1,375,000.00 3128X67H3 3696 Federal Home Loan Mort Corp 3.250 03/10/2009 0.00 1,992,697.77 3128X8SN3 3722 Federal Home Loan Mort Corp 1.700 03/30/2009 2,000,000.00 0.00 31398ATM4 3721 Fed.Nat'l Mort.Assoc. 4.000 03/23/2009 3,042,930.00 0.00 31398ATAO 3724 Fed.Nat'l Mort.Assoc. 4.330 03/31/2009 1,012,380.00 0.00 Subtotal 6,055,310.00 9,356,316.12 111,291,127.05 Local Agency Investment Funds (Monthly Summary) Subtotal 59,963,352.03 Treasury Securities-Coupon Subtotal 6,044,851.76 Medium Term Notes 17314AAF9 3723 Citigroup Insured 2.000 03/30/2009 1,994,620.00 0.00 Subtotal 1,994,620.00 0.00 3,969,393.42 Commercial Paper Disc.-Amortizing Subtotal 18,980,513.33 Federal Agency Disc.-Amortizing Subtotal 2,359,140.81 Total 8,049,930.00 9,356,316.12 202,608,378.40 Portfolio CITY AP Run Date:04/13/2009-10:05 PM(PRF_PM3)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary March 2008 through March 2009 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity March 2008 81 219,765,603.57 4.027 4.083 3.777 5 8 695 439 April 2008 88 220,642,095.52 3.785 3.837 3.400 14 7 665 454 May 2008 94 238,678,019.73 3.657 3.708 3.072 15 9 696 504 June 2008 93 238,795,438.00 3.551 3.601 2.894 5 6 654 473 July 2008 87 228,997,955.43 3.569 3.619 2.787 2 8 701 509 August 2008 74 204,646,757.05 3.458 3.506 2.779 1 14 684 483 September 2008 72 196,403,906.46 3.391 3.438 2.774 17 19 675 499 October 2008 76 195,260,549.78 3.352 3.399 2.774 14 10 685 531 November 2008 72 189,756,578.31 3.270 3.315 2.568 2 6 667 505 December 2008 77 200,279,167.62 3.040 3.082 2.355 12 7 638 487 January 2009 79 209,134,703.76 2.811 2.850 2.046 8 6 628 466 February 2009 74 207,184,404.24 2.676 2.713 1.869 1 6 585 417 March 2009 73 199,977,655.16 2.626 2.663 1.822 4 5 597 414 Average 80 211,535,496.57 3.324% 3.370% 2.686 8 9 659 475 Portfolio CITY AP Run Date:04/13/2009-10:05 PM(PRF_PM4)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type March 2008 through March 2009 March April May June July August September October November December January February March Average Security Type 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2009 2009 2009 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 58.0 55.2 55.1 52.3 54.2 53.1 54.1 62.6 61.1 58.4 57.3 56.2 54.9 56.4% Local Agency Investment Funds 25.3 25.2 23.6 24.8 21.8 27.7 28.5 23.7 28.3 28.6 26.9 29.4 29.6 26.4% Treasury Securities-Coupon 8.4 8.6 9.2 9.1 8.4 6.1 5.2 3.2 3.2 2.9 2.9 3.0 3.0 5.6% Medium Term Notes 1.8 1.7 1.6 1.6 1.8 2.0 2.0 1.0 1.0 0.9 0.9 1.0 2.0 1.5% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 1.9 1.7 0.8 0.9 1.0 6.1 6.2 4.2 8.1 10.9 9.3 9.4 4.7% Federal Agency Disc.-Amortizing 4.6 7.6 8.1 8.1 9.1 6.0 3.1 2.3 2.3 1.1 1.1 1.2 1.2 4.3% Treasury Discounts-Amortizing 2.5 3.3 3.7 4.1 1.0 1.0 1.2% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:04/1 312009-1 0:05 PM(PRF_PM5)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 9 Interest Earnings Summary March 31, 2009 March 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 401,262.02 2,593,759.44 Plus Accrued Interest at End of Period 1,177,894.23 1,177,894.23 Less Accrued Interest at Beginning of Period ( 1,180,139.58) ( 1,248,397.79) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 399,016.67 2,523,255.88 Adjusted by Premiums and Discounts -42,559.80 -89,644.78 Adjusted by Capital Gains or Losses 18,683.88 39,891.35 Earnings during Periods 375,140.75 2,473,502.45 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 0.00 689,411.58 Plus Accrued Interest at End of Period 283,680.67 283,680.67 Less Accrued Interest at Beginning of Period ( 190,890.25) ( 359,492.69) Interest Earned during Period 92,790.42 613,599.56 Total Interest Earned during Period 491,807.09 3,136,855.44 Total Adjustments from Premiums and Discounts -42,559.80 -89,644.78 Total Capital Gains or Losses- 18,683.88 39,891.35 Total Earnings during Period 467,931.17 3,087,102.01 Portfolio CITY AP Run Date:04/13/2009-10:05 PM(PRF_PM6)SyrnRept 6.42 Report Ver.5.00 Statement of Cash Receipts, Disbursements, and Fund Balances Ea- Office of the City Treasurer March 2009 Cash Receipts and Disbursements February 2009 March 2009 Incoming Receipts Property Tax Receipts $154,613 $2,472,630 Utility Tax Receipts 1,775,196 1,736,065 Sales Tax Receipts 1,692,400 1,490,379 Highway Users Tax Receipts 0 (1) 0 (1) Transient Occupancy Tax Receipts 349,357 358,467 All Other Receipts 16,094,598 22,956,990 Outgoing Disbursements -$29,620,696 -$31,290,931 Net Change in Cash Flow -$9,554,532 -$2,276,400 Summary of Cash by Fund February 2009 March 2009 General Fund $33,781,609 $30,086,928 Government Funds 597,268 526,872 Capital Funds 20,612,088 19,686,811 Debt Service Funds 5,109,444 6,162,923 Enterprise Funds 92,780,490 94,080,755 Fiduciary Funds 25,972,324 27,146,517 Special Revenue Funds 26,316,138 26,187,053 $205,169,361 $203,877,859 (1) The State of California has deferred tax payments for February through May until June 2009. *Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report March 2009 State Of California Pooled Money Investment Account Market Valuation 3/31/2009 0 'Carrying cost plus - gscriptron xF Accued'tnterest Purh. Amortized Cast FairUalue ccrued Interest United States Treasury: Bills $ 7,897,019,502.10 $ 7,959,223,855.36 $ 7,986,696,000.00 NA Notes $ 3,752,600,545.54 $ 3,752,557,276.30 $ 3,755,620,000.00 $ 39,686,153.00 Federal Agency: SBA $ 557,638,901.06 $ 557,627,148.83 $ 542,785,017.08 $ 568,103.04 MBS-REMICs $ 1,043,042,206.55 $ 1,043,042,206.55 $ 1,069,110,446.51 $ 4,956,050.22 Debentures $ 3,016,009,515.37 $ 3,015,359,515.37 $ 3,057,371,840.00 $ 41,798,886.24 Debentures FR $ 5,298,435,580.60 $ 5,298,435,580.60 $ 5,306,024,370.00 $ 6,455,480.38 Discount Notes $ 3,489,866,519.49 $ 3,536,196,366.69 $ 3,555,815,400.00 NA FHLMC PC $ 602.87 $ 602.87 $ 613.08 $ 10.73 GNMA $ 133,692.26 $ 133,692.26 $ 150,733.25 $ 1,322.16 CDs and YCDs FR $ - $ - $ - $ - Bank Notes $ 250,000,000.00 $ 250,000,000.00 $ 250,000,000.00 $ 16,666.67 CDs and YCDs $ 1,850,002,527.72 $ 1,850,002,527.72 $ 1,849,981,446.00 $ 109,361.13 Commercial Paper $ 299,983,750.02 $ 299,998,750.00 $ 300,000,000.00 NA Corporate: Bonds FR $ 220,326,060.58 $ 220,326,060.58 $ 217,038,047.62 $ 313,556.97 Bonds $ 58,030,060.39 $ 58,030,060.39 $ 57,876,325.60 $ 637,013.82 Repurchase Agreements $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 6,974,500,000.00 $ 6,974,500,000.00 $ 6,974,500,000.00 NA AB 55&GF Loans $ 23,962,770,665.76 $ 23,962,770,665.76 $ 23,962,770,665.76 NA TOTAL $ 58,670,360,130.31 $ 58,778,204,309.28 $ 58,885,740,904.90 $ 94,542,604.36 Fair Value Including Accrued Interest $ 58,980,283,509.26 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost (1.001829532). As an example: if an agency has an account balance of$20,000,000.00, then the agency would report its participation in the LAIF valued at $20,036,590.64 or$20,000,000.00 x 1.001829532. ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of February 28, 2009 Summary of investments by type Market Value Market Value Par Value Investment Type as of 1/31/09 as of 2/28/09 $5,797,600 Local Agency Investment Fund (LAIF) $5,783,277 $5,797,600 $0 Federal Agency Issues $0 $0 $6,798,361 Investment Agreements $6,916,945 $6,798,361 $5,509,128 Money Market Funds $5,030,211 $5,509,128 $0 US Treasury Securities $0 $0 $18,105,089 $17,730,433 $18,105,089 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 1/31/09 as of 2/28/09 $2,500,980 City of Huntington Beach-2004 Judgment Obligation Bonds (Property Tax Refunds) $3,441,965 $2,500,980 $2,842,832 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,181,083 $2,842,832 $1,649,398 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,972,632 $1,649,398 $663,402 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $520,122 $663,402 $2,685,993 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,191 $2,685,993 $2,620,887 Huntington Beach PFA- 2001 Series B (1993 Civic Center& Police Administration Bldg. Refinance) $3,029,792 $2,620,887 $1,715,574 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,251,240 $1,715,574 $174,764 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,764 $174,764 $1,751,027 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,449,871 $1,751,027 $758,284 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $928,296 $758,284 $560,051 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $560,051 $560,051 $181,897 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $177,426 $181,897 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $18,105,089 $17,730,433 $18,105,089 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of March 31, 2009 Beginning Contributions Distributions/ Earnings Other Fees/ Ending Balance Transfers (change in value) Adjustments Balance (12-31-08) (3-31-09) ICMA Retirement Corporation (457 Plan) $21,949,499 $547,592 ($473,890) ($610,261) ($282) $21,412,658 ICMA Retirement Corporation (401 Plan) $803,514 $22,628 $0 ($24,173) $0 $801,969 Nationwide Retirement Solutions (457 Plan)* $45,808,183 $756,096 ($744,300) ($1,623,162) $1,059 $44,197,876 Total Deferred Compensation Plan Balances $68,561,196 $1,326,316 ($1,218,190) ($2,257,596) $777 $66,412,503 *Other fees/adjustments column contains a beginning balance adjustment to the 12/31/08 due to a fund pricing change. ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information as of September 30, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (9-30-08) Transfers (change in value) Balance (12-31-08) CalPERS Retiree Medical Trust Account $8,730,245 $0 $0 ($860,490) $0 $7,869,755 ATTACHMENT #5 Treasurer's Report ® Shan® L. Fre®denrich, CPA, CC MT, CPF , CPFI M A A /AKCH TrmK% EAot"*"iUrmK% ER'%O'O*S'h T On Shari L . Freidenrich , CPA, CCMT CPFA, CPFIM May 4, 2009 Slide 1 Treasurer's Report ® Shari L. Freidenrich, CPA, CC MT, CPFA, CPFI Investment BaTrends Portfolio Balances by Type 1 M $19 M $215 $21 1 $ 1 OM $203M E'> 100% c 0®/® Trews M Med Notes 4 0% rF „� � El LAl F 4 ®�® EM Fed Ag. ' ❑ CP 0 /® 1 di` � P11 0% Mar®05 ar®0 Mar®07 Mar-0 Dec® ar®0 Slide Treasurer's Report a Share L. Freedenrech, CPA, CC MT, CPFA, CPFI Investment Percentages By Type of Investment Federal Agencies 55% Commercial Paper 9% Fed. Agcy - Z r Discount 5 � % k: `treasury secs 3% Medium Term Notes 2% LAW 30% Slide 3 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Liquidity Investment Maturities by Days, Ending March 2008/2009 ® 1 Day 40°/® 32% 2-160 Days ° .5 - 1 Yr. 30% 1 - 1 .5Yr. h � E 1 .5 - 2 Yr. 20°/®- 14°/® Ej 2 - 3 Yr. 9°/® 6°/® 3 - 4 Yr. ® 3% 6% p 10 /® 4 5 Yr. 0% 25% 7°/® ., 6% 9% 30°h 3% 3% 6% 2008 2009 Slide 4 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $30,00%000 12 0,000 $59 000,000 $350,000 $45400,000 ($2010001000) , $15,9002000 ($45,000,000) <<E $559400,000 ($709000,000) Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Slide 5 Treasurer's Deport - Shari L. Freidenr®ch, CPA, CCMT, CPFA, CPFIM Investment Yields Trends, I IM 6.00% - 4.89 ® 4.63% 5.00% \\ ®�\ /®3.59 4.00% \\ f : 2.76% 2.00®/0 \v \\ \\ 1 e 00% ,dun-07 Dec-07 Mar-08 Jun-08 Dec-08 Mar-09 Slide 6 Treasurer's Report - Shari Le Freidenrich, CPA, CCMT, CPFA, CPFIM Summary ®f investment by City Fund $2090009000 $6,000,000 $1 000 000 $3090009000 �1 E E'4y W I r ulitq $26,0009000 $949000,000 $2790009000 Slide 7 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Summary • Recommendation to City Council Slide 8 CA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's March 2009 Investment Summary Report COUNCIL MEETING DATE: May 4, 2009 RCA ATTACHMENTS STATUS Ordinance (wlexhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached . ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached t Applicable Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable ENPLlaMAT[IOM FOR NIA ONG A TLaCH6'�CC G`41T S REV18WED' a RETURNED FORWARDED Administrative Staff ( } DeputyCityAdministratorl(Initial) " ;� ' `W I ( ) ( ) r City Administrator (initial) ! cis a.r r r w ry>,K-;A H P ( ) ) City Clerk EXPLANATION FOR RETURN OF ITEM: ® = a RCA Author: SLF ��7 Council/Agency Meeting Held: Deferred/Continued to: ,.App ove ❑ ondi i n II A prove ❑ Denied Cit erk'� ignaturer Council Meeting Date: 4/20/2009 Department D Number: CT 09-009 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURE PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURE SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S FEBRUARY 2009 INVESTMENT SUMMARY REPORT F Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for February 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for February 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 4/20/2009 DEPARTMENT ID NUMBER: CT 09-009 Attachment(s): WO 3,rk 1. Monthly Investment Report and Summary of Investments for February 2009 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. 1 Retiree Medical Trust Investments 5. 1 February 2009 PowerPoint Presentation -2- 3/30/2009 2:11 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for February 2009 City Investment Portfolio: January February Inc./(Dec.) End of month City Portfolio Balance $210,528,812 $203,957,289 ($6,571,523) End of Month Market Value $212,223,546 $205,371,059 ($6,852,487) End of month General Fund Balance $38,501,688 $33,781,609 ($4,720,079) Monthly Effective Rate of Return 2.92% 3.03% 0.11% Average Maturity ( in days) 466 417 (49) End of month bank cash balance $4,666,728 $2,898,776 ($1,767,952) Bond Proceeds Investments:* December January Inc./(Dec.) End of Month Bond Reserve Par Value $16,026,265 $17,730,433 $1,704,168 End of Month Bond Reserve Market Value $16,026,265 $17,730,433 $1,704,168 Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $75,382,250 $68,561,196 ($6,821,054) Retiree Medical Trust:** September December Inc./(Dec.) Trust Balance $7,869,755 $6,465,748 ($1,404,007) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $445,417 $481,416 $35,999 Interest Earned Year to Date $2,227,083 $2,618,937 $391,854 Earned Interest Yield Year to Date 3.50% 3.16% -0.34% Average Daily Balance $152,714,286 $200,256,740 $47,542,454 *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. February % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $114,640,336 56% None 703 3.46% Local Agency Inv. Fund (LAIF) $59,963,352 30% 60 million 1 1.87% Treasury Securities-Coupon $6,054,704 3% None 172 2.98% Medium Term Notes $1,973,536 1% 20% 654 5.02% Commercial Paper Disc. -Amortizing $18,972,238 9% 25% 97 0.51% Federal Agency Disc. -Amortizing $2,353,123 1% None 123 3.07% $203,957,289 100% 417 2.71% NT I NG7-o O N�ORPORATEO V F City of Huntington Beach _ C, City of HB 2000 Main St Portfolio Management Huntington Beach 92cF�UUNTv�P��e Portfolio Summary February 28, 2009 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 114,260,000.00 115,936,806.78 114,640,335.98 56.21 954 703 3.410 3.458 Local Agency Investment Funds 59,963,352.03 59,963,352.03 59,963,352.03 29,40 1 1 1.843 1.869 Treasury Securities-Coupon 6,000,000.00 6,123,200.00 6,054,703.81 2.97 614 172 2.939 2.980 Medium Term Notes 2,000,000.00 2,041,900.00 1,973,535.63 0.97 1,428 654 4.954 5.023 Commercial Paper Disc.-Amortizing 19,000,000.00 18,931,890.00 18,972,238.06 9.30 147 97 0.507 0.514 Federal Agency Disc.-Amortizing 2,377,000.00 2,373,909.90 2,353,123.03 1.15 251 123 3.031 3.073 203,600,352.03 205,371,058.71 203,957,288.54 100.00% 585 417 2.676 2.713 Investments Cash and Accrued Interest Accrued Interest at Purchase 110,035.20 110,035.20 Subtotal 110,035.20 110,035.20 Total Cash and Investments 203,600,352.03 205,481,093.91 204,067,323.74 585 417 2.676 2.713 Total Earnings February 28 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 481,415.83 2,618,937.29 Current Budget 445,416.67 2,227,083.34 5,345,000.00 Last Year Actual 802,609.41 4,157,777.86 8,923,191.10 Average Daily Balance 207,184,404.24 200,256,739.89 Effective Rate of Return 3.03% 3.16% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on December 15,2008. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market Values provided by Union Bank via Interactive Data Corporation. 3-31-0 1 SAkRLZFREIDENRI,bH, CPA,CITY TREASURER Reporting period 02/0112009-02/28/2009 Portfolio CITY AP Run Date:0311 8/2009-11:03 PM(PRF_PM1)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 2 Portfolio Details - Investments February 28, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,023,760.00 1,999,493.44 5.050 AAA 5.150 99 06/08/2009 31331YZS2 3629 Federal Farm Credit Bank 04/01/2008 2,000,000.00 2,005,000.00 2,000,000.00 4.000 AAA 4.000 1,492 04/01/2013 31331GBC2 3670 Federal Farm Credit Bank 09/15/2008 2,000,000.00 2,020,620.00 2,000,000.00 3.300 AAA 3.300 563 09/15/2010 31331 GBS7 3678 Federal Farm Credit Bank 09/17/2008 2.000,000.00 2,017,500.00 2,007,722.22 3.100 AAA 2.841 565 09/17/2010 31331GCHO 3680 Federal Farm Credit Bank 09/29/2008 2,000,000.00 2,028,120.00 2,000,000.00 3.750 AAA 3.750 942 09/29/2011 31331XH47 3713 Federal Farm Credit Bank 01/09/2009 2,025,000.00 2,064,244.50 2,065,014.00 5.250 AAA 0.555 155 08/03/2009 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,045,620.00 2,000,000.00 5.300 AAA 5.300 928 09/15/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,025,620.00 2,000,000.00 5.550 AAA 5.550 1,199 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,025,000.00 1,998,388.89 5.350 AAA 5.419 471 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,115,000.00 2,000,000.00 5.600 AAA 5.600 1,237 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,051,260.00 2,000,000.00 4.500 AAA 4.500 1,387 12/17/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,045,620.00 2,000,000.00 4.200 AAA 4.200 1,416 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,045,000.00 2,000,000.00 4.150 AAA 4.150 1,430 01/29/2013 3133XGEQ3 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 2,038,760.00 2,021,513.33 5.250 AAA 2.672 157 08/05/2009 3133XR7F1 3648 Federal Home Loan Bank 05/12/2008 2,000,000.00 2,015,620.00 2,000,000.00 2.450 AAA 2.451 164 08/12/2009 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 2,016,260.00 1,999,321.99 2.500 AAA 2.579 165 08/13/2009 3133XS3F3 3666 Federal Home Loan Bank 08/27/2008 2,000,000.00 2,021,880.00 2,000,000.00 3.450 AAA 3.450 544 08/27/2010 3133XS5M6 3667 Federal Home Loan Bank 09/25/2008 2,000,000.00 2,023,760.00 2,000,000.00 3.000 AAA 3.000 208 09/25/2009 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,043,120.00 2.000,000.00 4.150 AAA 4.150 1,661 09/17/2013 3133XSA73 3684 Federal Home Loan Bank 09/29/2008 2,000,000.00 2,002,500.00 1,994,281.69 2.800 AAA 3.319 207 09/24/2009 3133XSDY1 3688 Federal Home Loan Bank 10/09/2008 2,000,000.00 2,019,380.00 2,006,811.72 3.560 AAA 2.521 121 06/30/2009 3133XQZM7 3689 Federal Home Loan Bank 10/16/2008 2,000,000.00 2,015,620.00 1,996,642.98 2.530 AAA 2.951 149 07/28/2009 3133XSGXO 3690 Federal Home Loan Bank 10/17/2008 2,000,000.00 2,000,000.00 1,997,812.79 1.900 AAA 2.951 39 04/09/2009 3133XSE87 3691 Federal Home Loan Bank 10/15/2008 2,000,000.00 2,019,380.00 2,000,000.00 4.050 AAA 4.052 866 07/15/2011 3133XMD40 3720 Federal Home Loan Bank 02/23/2009 2,000,000.00 2,043,120.00 2,045,259.12 4.500 AAA 0.746 222 10/09/2009 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,043,420.00 2,000,000.00 4.125 AAA 4.125 262 11/18/2009 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,056,580.00 1,997,986.67 3.375 AAA 3.438 614 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,065,960.00 1,990,783.42 3.250 AAA 3.480 774 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,043,520.00 2,000,000.00 3.250 AAA 3.250 817 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,062,960.00 1,979,588.35 3.700 AAA 4.002 1,363 11/23/2012 3128X7SW5 3657 Federal Home Loan Mort Corp 05/29/2008 2,000,000.00 2,014,180.00 1,987,330.44 3.800 AAA 4.013 1,185 05/29/2012 3137EAAT6 3682 Federal Home Loan Mort Corp 09/23/2008 2,000,000.00 2,023,760.00 2,010,899.22 5.000 AAA 2.996 102 06/11/2009 3128X7X74 3685 Federal Home Loan Mort Corp 10/01/2008 2,000,000.00 2,002,000.00 1,997,164.79 4.000 AAA 4.059 929 09/16/2011 3128X67H3 3687 Federal Home Loan Mort Corp 10/09/2008 2,000,000.00 2,000,700.00 1,996,389.43 3.250 AAA 3.431 374 03/10/2010 3134A3EM4 3692 Federal Home Loan Mort Corp 10/24/2008 1,375,000.00 1,377,585.00 1,376,523.62 5.750 AAA 2.851 14 03/15/2009 3128X67H3 3696 Federal Home Loan Mort Corp 10/27/2008 2,000,000.00 2,000,700.00 1,992,515.21 3.250 AAA 3.625 374 03/10/2010 Portfolio CITY AP Run Date:03/18/2009-11:03 PM(PRF_PM2)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments February 28, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3128X72Q6 3697 Federal Home Loan Mort Corp 10/27/2008 1,000,000.00 1,009,640.00 998,370.24 3.375 AAA 3.480 586 10/08/2010 3134A4US1 3698 Federal Home Loan Mort Corp 11/20/2008 1,662,000.00 1,684,337.28 1,676,357.56 4.250 AAA 1.900 136 07/15/2009 3128X8BD3 3702 Federal Home Loan Mort Corp 12/17/2008 2,000,000.00 2,001,960.00 2,000,000.00 1.250 AAA 1.250 291 12/17/2009 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,046,880.00 2,000,000.00 4.600 AAA 4.600 1,384 12/14/2012 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 2,037,500.00 1,998,262.50 3.050 AAA 3.128 423 04/28/2010 31398AQW5 3642 Fed.Nat'l Mort.Assoc. 05/08/2008 2,000,000.00 2,011,880.00 2,000,000.00 4.250 AAA 4.250 1,529 05/08/2013 3136179MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,074,380.00 1,998,335.56 4.000 AAA 4.022 1,520 04/29/2013 3136F9WQ2 3661 Fed.Nat'l Mort.Assoc. 07/02/2008 2,000,000.00 2,019,380.00 2,000,000.00 4.000 AAA 4.000 488 07/02/2010 31359MU68 3681 Fed.Nat'l Mort.Assoc. 09/23/2008 2,000,000.00 2,042,500.00 2,021,727.45 5.375 AAA 2.938 167 08/15/2009 31398ATR3 3686 Fed.Nat'l Mort.Assoc. 10/06/2008 2,000,000.00 2,034,380.00 2,000,000.00 4.550 AAA 4.549 1,648 09/04/2013 31359MU68 3694 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,042,500.00 2,020,085.77 5.375 AAA 3.119 167 08/15/2009 31359MEY5 3695 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,060,000.00 2,036,600.12 6.625 AAA 3.150 198 09/15/2009 31359MEY5 3699 Fed.Nat'l Mort,Assoc. 11/20/2008 1,198,000.00 1,233,940.00 1,227,433.60 6.625 AAA 2.001 198 09/15/2009 31398ATM4 3700 Fed.Nat'l Mort.Assoc. 12/10/2008 3,000,000.00 3,045,000.00 3,032,269.52 4.000 AAA 3.541 908 08/26/2011 3136F9Y23 3701 Fed.Nat'l Mort.Assoc. 12/10/2008 2,000,000.00 2,003,120.00 2,000,000.00 2.500 AAA 2.500 466 06/10/2010 31398ASX1 3703 Fed.Nat'l Mort.Assoc. 12/15/2008 2,000,000.00 2,021,260.00 2,024,474.19 3.750 AAA 2.863 521 08/04/2010 31398ATAO 3704 Fed,Nat'l Mort,Assoc. 12/15/2008 2,000,000.00 2,027,500.00 2,027,747.68 4.330 AAA 3.719 879 07/28/2011 31398ATM4 3707 Fed.Nat'l Mort.Assoc. 12/22/2008 2,000,000.00 2,030,000.00 2,030,916.49 4.000 AAA 3.343 908 08/26/2011 3136F9UY7 3708 Fed.Nat'l Mort.Assoc. 12/22/2008 2,000,000.00 2,020,000.00 2,026,587.23 4.260 AAA 3.755 1,027 12/23/2011 3136F9D75 3710 Fed.Nat'l Mort.Assoc. 12/30/2008 2,000,000.00 2,025,000.00 2,042,187.53 4.500 AAA 3.979 1,640 08/27/2013 31398ARD6 3712 Fed.Nat'l Mort.Assoc. 01/09/2009 2,000,000.00 2,011,260.00 2,017,537.22 3.600 AAA 3.185 809 05/19/2011 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000,000.00 1,991,260.00 2,000,000.00 2.000 AAA 2.000 1,062 01/27/2012 Subtotal and Average 116,763,834.89 114,260,000.00 115,936,806.78 114,640,335.98 3.458 703 Local Agency Investment Funds SYS982 982 Laif City 29,963,352.03 29,963,352.03 29,963,352.03 1.869 NR 1.869 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 1.869 NR 1.869 1 Subtotal and Average 59,356,209.17 59,963,352.03 59,963,352.03 59,963,352.03 1.869 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,039,680.00 2,000,254.57 4.875 AAA 4.834 167 08/15/2009 9128281-169 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,033,760.00 2,018,640.59 4.000 AAA 2.099 183 08/31/2009 9128275N8 3683 US Treasury Notes 09/24/2008 2,000,000.00 2,049,760.00 2,035,808.65 6.000 AAA 2.032 167 08/15/2009 Subtotal and Average 6,058,994.24 6,000,000.00 6,123,200.00 6,054,703.81 2.980 172 Portfolio CITY AP Run Date:03/18/2009-11:03 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Investments February 28, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,041,900.00 1,973,535.63 4.200 Aaa 5.023 654 12/15/2010 Subtotal and Average 1,972,901.61 2,000,000.00 2,041,900.00 1,973,535.63 5.023 654 Commercial Paper Disc.-Amortizing 17314GR35 3705 Citigroup Insured 12/16/2008 2,000,000.00 1,998,780.00 1,999,211.67 0.430 P-1 0.437 33 04/03/2009 17314GRH4 3706 Citigroup Insured 12/16/2008 2,000,000.00 1,997,780.00 1,998,616.11 0.530 P-1 0.538 47 04/17/2009 17314GTK5 3715 Citigroup Insured 01/20/2009 2,000,000.00 1,991,640.00 1,996,761.11 0.530 P-1 0.539 110 06/19/2009 17314GU64 3716 Citigroup Insured 01/22/2009 2,000,000.00 1,989,220.00 1,996,119.44 0.550 P-1 0.559 127 07/06/2009 36161CTS1 3709 GE Capital Insured 12/29/2008 2,000,000.00 1,991,100.00 1,996,880.00 0.480 P-1 0.488 117 06/26/2009 36161CS11 3711 GE Capital Insured 12/30/2008 3,000,000.00 2,995,650.00 2,998,830.84 0.230 P-1 0.233 61 05/01/2009 36161CTN2 3717 GE Capital Insured 01/22/2009 2,000,000.00 1,991,420.00 1,996,358.89 0.580 P-1 0.589 113 06/22/2009 36161CUD2 3718 GE Capital Insured 01/28/2009 2,000,000.00 1,988,620.00 1,994,937.78 P-1 0.692 134 07/13/2009 36161CUQ3 3719 GE Capital Insured 01/28/2009 2,000,000.00 1,987,680.00 1,994,522.22 0.680 P-1 0.692 145 07/24/2009 Subtotal and Average 20,681,961.94 19,000,000.00 18,931,890.00 18,972,238.06 0.514 97 Federal Agency Disc.-Amortizing 313589HQ9 3693 Fed.Nat'l Mort.Assoc. 10/24/2008 2,377,000.00 2,373,909.90 2,353,123.03 2.940 AAA 3.073 123 07/02/2009 Subtotal and Average 2,350,502.39 2,377,000.00 2,373,909.90 2,353,123.03 3.073 123 Total and Average 207,184,404.24 203,600,352.03 205,371,058.71 203,957,288.54 2.713 417 Portfolio CITY AP Run Date:03/1 812009-11:03 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 5 Portfolio Details - Cash February 28, 2009 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 110,035.20 110,035.20 0 Subtotal 110,035.20 110,035.20 Total Cash and Investments 207,184,404.24 203,600,352.03 205,481,093.91 204,067,323.74 2.713 417 Portfolio CITY AP Run Date:03/18/2009-11:03 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Activity By Type Page s February 1, 2009 through February 28, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331YF88 3637 Federal Farm Credit Bank 4.125 02/06/2009 0.00 1,994,441.33 3133XJV88 3487 Federal Home Loan Bank 5.300 02/12/2009 0.00 2,000,000.00 3133XPB29 3622 Federal Home Loan Bank 3.850 02/13/2009 0.00 1,988,800.00 3133XMD40 3720 Federal Home Loan Bank 4.500 02/23/2009 2,046,920.00 0.00 31398ANH1 3625 Fed.Nat'l Mort.Assoc. 3.250 02/25/2009 0.00 2,000,000.00 Subtotal 2,046,920.00 7,983,241.33 114,640,335.98 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 1.869 3,400,000.00 0.00 Subtotal 3,400,000.00 0.00 59,963,352.03 Treasury Securities-Coupon Subtotal 6,054,703.81 Medium Term Notes Subtotal 1,973,535.63 Commercial Paper Disc.-Amortizing 36959HPL5 3676 General Electric Capital Corp 2.670 02/20/2009 0,00 2,000,000.00 36959HP68 3677 General Electric Capital Corp 2.630 02/06/2009 0.00 2,000,000.00 Subtotal 0.00 4,000,000.00 18,972,238.06 Federal Agency Disc.-Amortizing Subtotal 2,353,123.03 Total 5,446,920.00 11,983,241.33 203,957,288.54 Portfolio CITY AP Run Date:03/18/2009-11:03 PM(PRF_PM3)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary February 2008 through February 2009 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity February 2008 84 228,014,150.58 4.212 4.271 4.161 5 12 686 430 March 2008 81 219,765,603.57 4.027 4.083 3.777 5 8 695 439 April 2008 88 220,642,095.52 3.785 3.837 3.400 14 7 665 454 May 2008 94 238,678,019.73 3.657 3.708 3.072 15 9 696 504 June 2008 93 238,795,438.00 3.551 3.601 2.894 5 6 654 473 July 2008 87 228,997,955.43 3.569 3.619 2.787 2 8 701 509 August 2008 74 204,646,757.05 3.458 3.506 2.779 1 14 684 483 September 2008 72 196,403,906.46 3.391 3.438 2.774 17 19 675 499 October 2008 76 195,260,549.78 3.352 3.399 2.774 14 10 685 531 November 2008 72 189,756,578.31 3.270 3.315 2.568 2 6 667 505 December 2008 77 200,279,167.62 3.040 3.082 2.355 12 7 638 487 January 2009 79 209,134,703.76 2.811 2.850 2.046 8 6 628 466 February 2009 74 207,184,404.24 2.676 2.713 1.869 1 6 585 417 Average 81 213,657,765.73 3.446% 3.494% 2.866 8 9 666 477 Portfolio CITY AP Run Date:03/18/2009-11:03 PM(PRF_PM4)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type February 2008 through February 2009 February March April May June July August September October November December January February Average Security Type 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2009 2009 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 57.2 58.0 55.2 55.1 52.3 54.2 53.1 54.1 62.6 61.1 58.4 57.3 56.2 56.5% Local Agency Investment Funds 26.5 25.3 25.2 23.6 24.8 21.8 27.7 28.5 23.7 28.3 28.6 26.9 29.4 26.2% Treasury Securities-Coupon 8.0 8.4 8.6 9.2 9.1 8.4 6.1 5.2 3.2 3.2 2.9 2.9 3.0 6.0% Medium Term Notes 1.8 1.8 1.7 1.6 1.6 1.8 2.0 2.0 1.0 1.0 0.9 0.9 1.0 1.5% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 3.5 1.9 1.7 0.8 0.9 1.0 6.1 6.2 4.2 8.1 10.9 9.3 4.2% Federal Agency Disc.-Amortizing 3.1 4.6 7.6 8.1 8.1 9.1 6.0 3.1 2.3 2.3 1.1 1.1 1.2 4.4% Treasury Discounts-Amortizing 2.5 3.3 3.7 4.1 1.0 1.0 1.2% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:03/18/2009-11:03 PM(PRF PM5)SyrnRept 6.42 Report Ver.5.00 City of 1-113 Portfolio Management Page 9 Interest Earnings Summary February 28, 2009 February 28 Month Ending Fiscal Year To Date CD/Coupon/Discount investments: Interest Collected 477,189.84 2,192,497.42 Plus Accrued Interest at End of Period 1,179,941.81 1,179,941.81 Less Accrued Interest at Beginning of Period { 1,242,374.31) ( 1,248,397.79) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 414,757.34 2,124,041.44 Adjusted by Premiums and Discounts -35,202.35 -47,120.76 Adjusted by Capital Gains or Losses 16,758.67 21,207.47 Earnings during Periods 396,313.66 2,098,128.15 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 0.00 689,411.58 Plus Accrued Interest at End of Period 190,890.25 190,890.25 Less Accrued Interest at Beginning of Period ( 105,788.08) ( 359,492.69) Interest Earned during Period 85,102.17 520,809.14 Total Interest Earned during Period 499,859.51 2,644,850.58 Total Adjustments from Premiums and Discounts -35,202.35 -47,120.76 Total Capital Gains or Losses 16,758.67 21,207.47 Total Earnings during Period 481,415.83 2,618,937.29 Portfolio CITY AP Run Date:03/18/2009-11:03 PM(PRF_PM6)SymRept 6.42 Report Ver.5.00 Statement of Cash Receipts, Disbursements, and Fund Balances Office of the City Treasurer ' February 2009 Cash Receipts and Disbursements January 2009 February 2009 Incoming Receipts Property Tax Receipts $13,775,244 $154,613 Utility Tax Receipts 1,751,139 1,775,196 Sales Tax Receipts 1,543,200 1,692,400 Highway Users Tax Receipts 220,514 0 (1) Transient Occupancy Tax Receipts 278,148 349,357 All Other Receipts 18,320,510 16,094,598 Outgoing Disbursements -$35,035,268 -$29,620,696 Net Change in Cash Flow $853,487 -$9,554,532 Summary of Cash by Fund January 2009 February 2009 General Fund $38,501,688 $33,781,609 Government Funds 597,441 597,268 Capital Funds 23,209,459 20,612,088 Debt Service Funds 7,854,510 5,109,444 Enterprise Funds 92,210,268 92,780,490 Fiduciary Funds 25,709,713 25,972,324 Special Revenue Funds 23,786,266 26,316,138 $211,869,345 " $205,169,361 (1) The State of California has deferred tax payments for February through May until June 2009. *Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences Note: All income is reflected in the month it was received by the city. Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. City Treasurer Monthly Report.xls February 2009 State of California Pooled Money Investment Account Market Valuation 2/28/2009 FCarry�ng Cast Pius � , , Description fir. �4ccrued ;nterest Punch. E Farr l/aiue, Accrued Interest United States Treasury: Bills $ 8,696,891,918.78 $ 8,779,155,000.00 NA Notes $ 3,752,600,545.54 $ 3,761,675,000.00 $ 26,617,650.00 Federal Agency: SBA $ 547,231,904.03 $ 533,099,947.91 $ 2,137,255.09 MBS-REMICs $ 1,057,685,447.92 $ 1,082,420,772.09 $ 5,026,016.46 Debentures $ 3,066,008,998.22 $ 3,107,760,780.00 $ 40,982,841.54 Debentures FIR $ 5,548,433,079.28 $ 5,554,445,150.00 $ 9,079,774.47 Discount Notes $ 4,629,670,561.13 $ 4,693,885,800.00 NA FHLMC PC $ 1,083.00 $ 1,102.56 $ 19.17 GNMA $ 136,231.58 $ 155,746.67 $ 1,347.56 CDs and YCDs FIR $ - $ - $ - Bank Notes $ - $ - $ - CDs and YCDs $ 1,085,002,249.63 $ 1,084,880,809.75 $ 136,965.28 Commercial Paper $ 2,274,557,756.98 $ 2,274,646,597.23 NA Corporate: Bonds FR $ 220,326,060.58 $ 218,049,028.14 $ 559,600.97 Bonds $ 58,030,060.39 $ 58,178,499.55 $ 818,052.36 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 7,153,500,000.00 $ 7,153,500,000.00 NA AB 55 &GF Loans $ 21,584,423,902.32 $ 21,584,423,902.32 NA TOTAL $ 59,674,499,799.38 $ 59,886,278,136.22 $ 85,359,522.90 Fair Value Including Accrued Interest $ 59,971,637,659.12 Repurchase Agreements, Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of January 31, 2009 Summary of investments by type Market Value Market Value Par Value Investment Type as of 12/31/08 as of 1/31/09 $5,783,277 Local Agency Investment Fund(LAIF) $5,811,885 $5,783,277 $0 Federal Agency Issues $0 $0 $6,916,945 Investment Agreements $6,917,095 $6,916,945 $5,030,211 Money Market Funds $3,297,285 $5,030,211 $0 US Treasury Securities $0 $0 $17,730,433 $16,026,265 $17,730,433 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 12/31/08 as of 1/31/09 $3,441,965 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,518,898 $3,441,965 $2,181,083 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,167,591 $2,181,083 $1,972,632 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,763 $1,972,632 $520,122 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $520,119 $520,122 $2,043,191 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,184 $2,043,191 $3,029,792 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,740,174 $3,029,792 $1,251,240 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,260,266 $1,251,240 $174,764 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $174,058 $174,764 $1,449,871 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,449,686 $1,449,871 $928,296 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $764,503 $928,296 $560,051 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $560,045 $560,051 $177,426 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $177,978 $177,426 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $17,730,433 $16,026,265 $17,730,433 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2008 Ending Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (9-30-08) (12-31-08) ICMA Retirement Corporation (457 Plan) $24,119,596 $683,913 ($221,054) ($2,639,828) $6,872 $21,949,499 ICMA Retirement Corporation (401 Plan) $876,104 $24,783 ($3,286) ($94,223) $136 $803,514 Nationwide Retirement Solutions (457 Plan) $50,386,550 $1,192,934 ($959,793) ($4,811,133) ($375) $45,808,183 Total Deferred Compensation Plan Balances $75,382,250 $1,901,630 ($1,184,133) ($7,545,184) $6,633 $68,561,196 ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information as of December 31, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (9-30-08) Transfers (change in value) Balance (12-31-08) CaIPERS Retiree Medical Trust Account $7,869,755 $0 $0 ($1,403,039) ($968) $6,465,748 ATTACHMENT #5 Treasurer's Report - Shari L. Freadenr®ch, CPA, CCMT, CPFA, CPFIM February Report 0 1 • Shari L. Freidenrich , CPA, CCMT CPFA, CPFIM April 20, 2009 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM $ in 000's Financial Information: January February Inc./(Dec.) End of Month City Portfolio $210.529 $203.957 ($6.572) End of Month Market Value $212.224 $205.371 ($6.853) Interest Earned for Month $0.518 $0.481 ($0.037) Earned Interest Yield Year to Date 3.19% 3.16% (0.10%) Average Maturity ( in days) 466 417 (49) YTD Average Daily Balance $198.680 $200.257 $1 .577 $ in 000's Change From YTD Change Bgt. Change Receipts Thru February 09 Same Month % From Last % From Prior Last Year Year Yr. Receipts Property Tax Receipts $30 24.1 % $1 ,294 2.7% 4.4% 1 % Sales Tax Receipts ($340) 16.7%) ($198) 3.7%) 5.5% Utility Users Tax ($7) (0.4%) $265 3.9% 7.7% Highway Users Tax ($4) (1 .4%) ($119) (10.1%) 4.8% Transient Occupancy Tax ($148) (29.7%) ($348) (19.1 %) ' 12.2% Foreclosures 27 386% 74 130% N/A Difference between YTD % and Budget % is equal to or greater than 0% Difference between YTD % and Budget % is between (5%) and 0% Difference between YTD % and Budget % is greater than (5%) RCA ROUTING SHEET 6! 2�clq I INITIATING DEPARTMENT: CityTreasurer SUBJECT: Review and Accept City Treasurer's riiliruarj�loop_ Investment Summary Report COUNCIL MEETING DATE: . April 20, 2009 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached El Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached Not Applicable ❑ Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached El (Signed in full by the City Attorney) Not Applicable 0 Subleases, Third Party Agreements, etc. Attached El (Approved as to form by City Attorney) Not Applicable E Certificates of Insurance (Approved by the City Attorney) Attached El Not Applicable E Fiscal Impact Statement (Unbudgeted, over $5,000) Attached El Not Applicable Bonds (If applicable) Attached El Not Applicable Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (if applicable) Attached El Not Applicable E Findings/Conditions for Approval and/or Denial Attached F-1 Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff Deputy City Administrator (initial) City Administrator (Initial) City Clerk EXPLANATION FOR RETURN OF ITEM: -Wv _(L00 0 For0 17 RCA Author: SLF CV M° Council/Agency Meeting Held: .s �b Deferred/Continued to: ),Approved ❑ Conditionally Approved ❑ Denied Cit� ter s'/Signatu e Council Meeting Date: 3/16/2009 Department ID Number: CT 09-008 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR r PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASURE SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JANUARY 2009 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for January 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for January 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Coal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. =-ham_ REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 3/16/2009 DEPARTMENT ID NUMBER: CT 09-008 Attachment(s): Pa r-1 ® - o Monthly Investment Report and Summary of Investments for January 2009 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. January 2009 PowerPoint Presentation -2- 3/2/2009 3:47 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for January 2009 City Investment Portfolio: December January Inc./(Dec.) End of month City Portfolio Balance $209,879,782 $210,528,812 $649,030 End of Month Market Value $211,877,363 $212,223,546 $346,183 End of month General Fund Balance $33,561,127 $38,501,688 $4,940,561 Monthly Effective Rate of Return 3.21% 2.92% -0.29% Average Maturity ( in days) 487 466 (21) End of month bank cash balance $5,552,080 $4,666,728 ($885,352) Bond Proceeds Investments:* November December Inc./(Dec.) End of Month Bond Reserve Par Value $16,497,564 $16,026,265 ($471,299) End of Month Bond Reserve Market Value $16,497,564 $16,026,265 ($471,299) Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $75,382,250 $68,561,196 ($6,821,054) Retiree Medical Trust:** September December Inc./(Dec.) Trust Balance $7,869,755 $6,465,748 ($1,404,007) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $445,417 $517,809 $72,392 Interest Earned Year to Date $1,781,667 $2,137,521 $355,854 Earned Interest Yield Year to Date 3.50% 3.19% -0.31% Average Daily Balance $152,714,286 $198,679,711 $45,965,425 *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. January % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $120,620,652 57% None 768 3.55% Local Agency Inv. Fund (LAIF) $56,563,352 27% 60 million 1 2.05% Treasury Securities-Coupon $6,063,602 3% None 200 2.98% Medium Term Notes $1,972,303 1% 20% 682 5.02% Commercial Paper Disc. -Amortizing $22,961,215 11% 25% 105 0.90% Federal Agency Disc. -Amortizing $2,347,688 1% None 151 3.07% $210,528,812 100% 466 2.85% ``--�\NNTING2- 0 AA F City of Huntington Beach v= City of 1-113 2000 Main St Portfolio Management Huntington Beach 9�cF�DUNT1 CP��Q Portfolio Summary January 31, 2009 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 120,260,000.00 122,177,307.94 120,620,652.56 57.29 1,008 768 3.503 3.552 Local Agency Investment Funds 56,563,352.03 56,563,352.03 56,563,352.03 26.87 1 1 2.018 2.046 Treasury Securities-Coupon 6,000,000.00 6,146,580.00 6,063,602.47 2.88 613 200 2.938 2.979 Medium Term Notes 2,000,000.00 2,056,640.00 1,972,302.81 0.94 1,428 682 4.954 5.023 Commercial Paper Disc.-Amortizing 23,000,000.00 22,907,420.00 22,961,214.72 10.91 148 105 0.885 0.897 Federal Agency Disc.-Amortizing 2,377,000.00 2,372,246.00 2,347,687.63 1.12 251 151 3.031 3.073 210,200,352.03 212,223,645.97 210,528,812.22 100.00% 628 466 2.811 2.850 Investments Cash and Accrued Interest Accrued Interest at Purchase 304,896.08 304,896.08 Subtotal 304,896.08 304,896.08 Total Cash and Investments 210,200,352.03 212,528,442.05 210,833,708.30 628 466 2.811 2.850 Total Earnings January 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 517,809.46 2,137,521.46 Current Budget 445,416.67 1,781,666.67 5,345,000.00 Last Year Actual 885,365.69 3,355,168.45 8,923,191.10 Average Daily Balance 209,134,703.76 198,679,710.61 Effective Rate of Return 2.92% 3.19% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on December 15,2008. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations arket Values ided by Union Bank via Interactive Data Corporation. S I L.FRE ENRICH,CPA,CITY TREASURER Reporting period 01101/2009-01/31/2009 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM1)SymRept 6.42 Report Ver.5.00 City of IiB Portfolio Management Page 2 Portfolio Details - Investments January 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,031,880.00 1,999,336.78 5.050 AAA 5.150 127 06/08/2009 31331YZS2 3629 Federal Farm Credit Bank 04/01/2008 2,000,000.00 2,010,000.00 2,000,000.00 4.000 AAA 4.000 1,520 04/01/2013 31331YF88 3637 Federal Farm Credit Bank 04/22/2008 2,000,000.00 2,000,620.00 1,994,423.00 4.125 AAA 4.199 1,541 04/22/2013 31331GBC2 3670 Federal Farm Credit Bank 09/15/2008 2,000,000.00 2,025,620.00 2,000,000.00 3.300 AAA 3.300 591 09/15/2010 31331GBS7 3678 Federal Farm Credit Bank 09/17/2008 2,000,000.00 2,022,500.00 2,008,138.89 3.100 AAA 2.841 593 09/17/2010 31331GCHO 3680 Federal Farm Credit Bank 09/29/2008 2,000,000.00 2,030,620.00 2,000,000.00 3.750 AAA 3.750 970 09/29/2011 31331XH47 3713 Federal Farm Credit Bank 01/09/2009 2,025,000.00 2,071,838.25 2,072,911.50 5.250 AAA 0.555 183 08/03/2009 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,050,620.00 2,000,000.00 5.300 AAA 5.300 956 09/15/2011 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2,002,500.00 2,000,000.00 5.300 AAA 5.300 922 08/12/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,032,500.00 2,000,000.00 5.550 AAA 5.550 1,227 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,031,880.00 1,998,284.72 5.350 AAA 5.419 499 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,121,260.00 2,000,000.00 5.600 AAA 5.600 1,265 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,059,380.00 2,000,000.00 4.500 AAA 4.500 1,415 12/17/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,054,380.00 2,000,000.00 4.200 AAA 4.200 1,444 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000.000.00 2,055,000.00 2,000,000.00 4.150 AAA 4.150 1,458 01/29/2013 3133XPB29 3622 Federal Home Loan Bank 02/13/2008 2,000.000.00 2,000,000.00 1,988,706.67 3.850 AAA 4.006 1,473 02/13/2013 3133XGEQ3 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 2,046,880.00 2,025,704.24 5.250 AAA 2.672 185 08/05/2009 3133XR7F1 3648 Federal Home Loan Bank 05/12/2008 2,000,000.00 2,018,760.00 2,000,000.00 2.450 AAA 2.451 192 08/12/2009 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 2,019,380.00 1,999,196.43 2.500 AAA 2.579 193 08/13/2009 3133XS3F3 3666 Federal Home Loan Bank 08/27/2008 2,000,000.00 2,027,500.00 2,000,000.00 3.450 AAA 3.450 572 08/27/2010 3133XS5M6 3667 Federal Home Loan Bank 09/25/2008 2,000,000.00 2,028,760.00 2,000,000.00 3.000 AAA 3.000 236 09/25/2009 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,053,760.00 2,000,000.00 4.150 AAA 4.150 1,689 09/17/2013 3133XSA73 3684 Federal Home Loan Bank 09/29/2008 2,000,000.00 2,006,260.00 1,993,436.62 2.800 AAA 3.319 235 09/24/2009 3133XSDY1 3688 Federal Home Loan Bank 10/09/2008 2,000,000.00 2,025,000.00 2,008,528.97 3.560 AAA 2.521 149 06/30/2009 3133XQZM7 3689 Federal Home Loan Bank 10/16/2008 2,000,000.00 2,018,760.00 1,995,957.87 2.530 AAA 2.951 177 07/28/2009 3133XSGXO 3690 Federal Home Loan Bank 10/17/2008 2,000,000.00 2,000,620.00 1,996,086.05 1.900 AAA 2.951 67 04/09/2009 3133XSE87 3691 Federal Home Loan Bank 10/15/2008 2,000,000.00 2,022,500.00 2,000,000.00 4.050 AAA 4.052 894 07/15/2011 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,050,420.00 2,000,000.00 4.125 AAA 4.125 290 11/18/2009 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,063,500.00 1,997,886.67 3.375 AAA 3.438 642 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,064,320.00 1,990,421.04 3.250 AAA 3.480 802 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,045,200.00 2,000,000.00 3.250 AAA 3.250 845 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,060,480.00 1,979.132.05 3.700 AAA 4.002 1,391 11/23/2012 3128X7SW5 3657 Federal Home Loan Mort Corp 05/29/2008 2,000,000.00 2,017,320.00 1,987,005.03 3.800 AAA 4.013 1,213 05/29/2012 3137EAAT6 3682 Federal Home Loan Mort Corp 09/23/2008 2,000,000.00 2,031,880.00 2,014,168.99 5.000 AAA 2.996 130 06/11/2009 3128X7X74 3685 Federal Home Loan Mort Corp 10/01/2008 2,000,000.00 2,005,680.00 1,997,071.83 4.000 AAA 4.059 957 09/16/2011 3128X67H3 3687 Federal Home Loan Mort Corp 10/09/2008 2,000,000.00 2,003,340.00 1,996,095.89 3.250 AAA 3.431 402 03/10/2010 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM2)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments January 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3134A3EM4 3692 Federal Home Loan Mort Corp 10/24/2008 1,375,000.00 1,383,593.75 1,379,788.51 5.750 AAA 2.851 42 03/15/2009 3128X67H3 3696 Federal Home Loan Mort Corp 10/27/2008 2,000,000.00 2,003,340.00 1,991,906.69 3.250 AAA 3.625 402 03/10/2010 3128X72Q6 3697 Federal Home Loan Mort Corp 10/27/2008 1,000,000.00 1,012,190.00 998,285.51 3.375 AAA 3.480 614 10/08/2010 3134A4US1 3698 Federal Home Loan Mort Corp 11/20/2008 1,662,000.00 1,690,054.56 1,679,571.94 4.250 AAA 1.900 164 07/15/2009 3128X8BD3 3702 Federal Home Loan Mort Corp 12/17/2008 2,000,000.00 2,003,140.00 2,000,000.00 1.250 AAA 1.250 319 12/17/2009 3136F8YW9 3587 Fed.Nat'I Mort.Assoc. 12/14/2007 2,000,000.00 2,051,880.00 2,000,000.00 4.600 AAA 4.600 1,412 12/14/2012 31398ANH1 3625 Fed.Nat'I Mort.Assoc. 03/17/2008 2,000,000.00 2,002,500.00 2,000,000.00 3.250 AAA 3.249 754 02/25/2011 31398AQN5 3639 Fed.Nat'I Mort.Assoc. 04/28/2008 2,000,000.00 2,044,380.00 1,998,137.50 3.050 AAA 3.128 451 04/28/2010 31398AQW5 3642 Fed.Nat'l Mort.Assoc. 05/08/2008 2,000,000.00 2,017,500.00 2,000,000.00 4.250 AAA 4.250 1,557 05/08/2013 3136F9MN0 3643 Fed.Nat'I Mort.Assoc. 04/29/2008 2,000,000.00 2,083,120.00 1,998,302.22 4.000 AAA 4.022 1,548 04/29/2013 3136F9WQ2 3661 Fed.Nat'l Mort.Assoc. 07/02/2008 2,000,000.00 2,024,380.00 2,000,000.00 4.000 AAA 4.000 516 07/02/2010 31359MU68 3681 Fed.Nat'l Mort.Assoc. 09/23/2008 2,000,000.00 2,050,620.00 2,025,701.99 5.375 AAA 2.938 195 08/15/2009 31398ATR3 3686 Fed.Nat'I Mort.Assoc. 10/06/2008 2,000,000.00 2,041,880.00 2,000,000.00 4.550 AAA 4.549 1,676 09/04/2013 31359MU68 3694 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,050,620.00 2,023,760.00 5.375 AAA 3.119 195 08/15/2009 31359MEY5 3695 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,070,620.00 2,042,259.94 6.625 AAA 3.150 226 09/15/2009 31359MEY5 3699 Fed.Nat'l Mort.Assoc. 11/20/2008 1,198,000.00 1,240,301.38 1,231,985.19 6.625 AAA 2.001 226 09/15/2009 31398ATM4 3700 Fed.Nat'I Mort.Assoc. 12/10/2008 3,000,000,00 3,048,750.00 3,033,351.18 4.000 AAA 3.541 936 08/26/2011 3136F9Y23 3701 Fed.Nat'l Mort.Assoc. 12/10/2008 2,000,000.00 2,005,620.00 2,000,000.00 2.500 AAA 2.500 494 06/10/2010 31398ASX1 3703 Fed.Nat'l Mort.Assoc. 12/15/2008 2,000,000.00 2,026,880.00 2,025,905.43 3.750 AAA 2.863 549 08/04/2010 31398ATAO 3704 Fed.Nat'l Mort.Assoc. 12/15/2008 2,000,000.00 2,030,620.00 2,028,707.80 4.330 AAA 3.719 907 07/28/2011 31398ATM4 3707 Fed.Nat'l Mort.Assoc. 12/22/2008 2,000,000.00 2,032,500.00 2,031,952.80 4.000 AAA 3.343 936 08/26/2011 3136F9UY7 3708 Fed.Nat'I Mort.Assoc. 12/22/2008 2,000,000.00 2.023,760.00 2,027,375.39 4.260 AAA 3.755 1,055 12/23/2011 3136F9D75 3710 Fed.Nat'l Mort.Assoc. 12/30/2008 2,000,000.00 2,031,260.00 2,042,970.71 4.500 AAA 3.979 1,668 08/27/2013 31398ARD6 3712 Fed.Nat'l Mort.Assoc. 01/09/2009 2,000,000.00 2,015,000.00 2,018,196.52 3.600 AAA 3.185 837 05/19/2011 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000,000.00 1,981,880.00 2,000,000.00 2.000 AAA 2.000 1,090 01/27/2012 Subtotal and Average 121,516,061.15 120,260,000.00 122,177,307.94 120,620,652.56 3.552 768 Local Agency Investment Funds SYS982 982 Laif City 26,563,352.03 26,563,352.03 26,563,352.03 2.046 NR 2.046 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 2.046 NR 2.046 1 Subtotal and Average 59,743,929.94 56,663,352.03 56,563,352.03 56,563,352.03 2.046 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,047,040.00 2,000,297.26 4.875 AAA 4.834 195 08/15/2009 912828HB9 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,040,400.00 2,021,492.71 4.000 AAA 2.099 211 08/31/2009 9128275N8 3683 US Treasury Notes 09/24/2008 2,000,000.00 2,059,140.00 2,041,812.50 6.000 AAA 2.032 195 08/15/2009 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM2)SymRept 6.42 City of 9-16 Portfolio Management Page 4 Portfolio Details - Investments January 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Subtotal and Average 6,068,369.59 6,000,000.00 6,146,580.00 6,063,602.47 2.979 200 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,056,640.00 1,972,302.81 4.200 Aaa 5.023 682 12/15/2010 Subtotal and Average 1,971,726.17 2,000,000.00 2,056,640.00 1,972,302.81 5.023 682 Commercial Paper Disc.-Amortizing 17314GR35 3705 Citigroup Insured 12/16/2008 2,000,000.00 1,997,160.00 1,998,542.78 0.430 P-1 0.437 61 04/03/2009 17314GRH4 3706 Citigroup Insured 12/16/2008 2,000,000.00 1,995,240.00 1,997,791.67 0.530 P-1 0.538 75 04/17/2009 17314GTK5 3715 Citigroup Insured 01/20/2009 2,000,000.00 1,988,740.00 1,995,936.66 0.530 P-1 0.539 138 06/19/2009 17314GU64 3716 Citigroup Insured 01/22/2009 2,000,000.00 1,986,920.00 1,995,263.89 0.550 P-1 0.559 155 07/06/2009 36959HPI-5 3676 General Electric Capital Corp 09/16/2008 2,000,000.00 1,999,600.00 1,997,181.67 2.670 P-1 2.739 19 02/20/2009 36959HP68 3677 General Electric Capital Corp 09/16/2008 2,000,000.00 1,999,940.00 1,999,269.44 2.630 P-1 2.695 5 02/06/2009 36161CTS1 3709 GE Capital Insured 12/29/2008 2,000,000.00 1,988,160.00 1,996,133.34 0.480 P-1 0.488 145 06/26/2009 36161CS11 3711 GE Capital Insured 12/30/2008 3,000,000.00 2,991,480.00 2,998,294.17 0.230 P-1 0.233 89 05/01/2009 36161CTN2 3717 GE Capital Insured 01/22/2009 2,000,000.00 1,988,480.00 1,995,456.66 0.580 P-1 0.589 141 06/22/2009 36161CUD2 3718 GE Capital Insured 01/28/2009 2,000,000.00 1,986,320.00 1,993,880.00 P-1 0.692 162 07/13/2009 36161CUQ3 3719 GE Capital Insured 01/28/2009 2,000,000.00 1,985,380.00 1,993,464.44 0.680 P-1 0.692 173 07/24/2009 Subtotal and Average 17,489,841.10 23,000,000.00 22,907,420.00 22,961,214.72 0.897 105 Federal Agency Disc.-Amortizing 3135891-109 3693 Fed.Nat'l Mort.Assoc. 10/24/2008 2,377,000.00 2,372,246.00 2,347,687.63 2.940 AAA 3.073 151 07/02/2009 Subtotal and Average 2,344,775.80 2,377,000.00 2,372,246.00 2,347,687.63 3.073 151 Total and Average 209,134,703.76 210,200,352.03 212,223,645.97 210,528,812.22 2.850 466 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 5 Portfolio Details - Cash January 31, 2009 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 304,896.08 304,896.08 0 Subtotal 304,896.08 304,896.08 Total Cash and Investments 209,134,703.76 210,200,352.03 212,528,442.05 210,833,708.30 2.850 466 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM2)SymRept 6.42 City of 1-113 Portfolio Management ActivityB e Page 6 y y� January 1, 2009 through January 31, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331YXN5 3640 Federal Farm Credit Bank 3.470 01/21/2009 0.00 1,996,751.20 31331XH47 3713 Federal Farm Credit Bank 5.250 01/09/2009 2,078,703.00 0.00 3133XSBP2 3679 Federal Home Loan Bank 3.000 01/02/2009 0.00 2,000,000.00 3128X6YJ9 3608 Federal Home Loan Mort Corp 4.500 01/09/2009 0.00 2,000,000.00 3128X7S39 3665 Federal Home Loan Mort Corp 3.150 01/28/2009 0,00 2,000,000.00 31398ARD6 3712 Fed.NaVI Mort.Assoc. 3.600 01/09/2009 2,018,680.00 0.00 3136F94M2 3714 Fed.Nat]Mort.Assoc. 2.000 01/27/2009 2,000,000.00 0.00 Subtotal 6,097,383.00 7,996,751.20 120,620,652.56 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 2.046 140,101.41 3,540,000.00 SYS2206 2206 LAIF-Redevelopment Agency 2.046 191,788.62 191,741.11 Subtotal 331,890.03 3,731,741.11 66,563,352.03 Treasury Securities-Coupon Subtotal 6,063,602.47 Medium Term Notes Subtotal 1,972,302.81 Commercial Paper Disc.-Amortizing 17314GTK5 3715 Citigroup Insured 0.530 01/20/2009 1,995,583.33 0.00 17314GU64 3716 Citigroup Insured 0.550 01/22/2009 1,994,958.33 0.00 36959HNP8 3672 General Electric Capital Corp 2.660 01/23/2009 0.00 2,000,000.00 36959HN94 3675 General Electric Capital Corp 2.550 01/09/2009 0.00 2,000,000.00 36161CTN2 3717 GE Capital Insured 0.580 01/22/2009 1,995,134.44 0.00 36161CUD2 3718 GE Capital Insured 01/28/2009 1,993,728.89 0.00 36161CUQ3 3719 GE Capital Insured 0.680 01/28/2009 1,993,313.33 0.00 Subtotal 9,972,718.32 4,000,000.00 22,961,214.72 Federal Agency Disc.-Amortizing Subtotal 2,347,687.63 Total 16,401,991.35 15,728,492.31 210,528,812.22 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM3)SymRept 6.42 Report Ver.5.00 City of 1-113 Portfolio Management Page 7 Activity Summary January 2008 through January 2009 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity January 2008 91 233,636,809.52 4.409 4.470 4.620 15 11 667 407 February 2008 84 228,014,150.58 4.212 4.271 4.161 5 12 686 430 March 2008 81 219,765,603.57 4.027 4.083 3.777 5 8 695 439 April 2008 88 220,642,095.52 3.785 3.837 3.400 14 7 665 454 May 2008 94 238,678,019.73 3.657 3.708 3.072 15 9 696 504 June 2008 93 238,795,438.00 3.551 3.601 2.894 5 6 654 473 July 2008 87 228,997,955.43 3.569 3.619 2.787 2 8 701 509 August 2008 74 204,646,757.05 3.458 3.506 2.779 1 14 684 483 September 2008 72 196,403,906.46 3.391 3.438 2.774 17 19 675 499 October 2008 76 195,260,549.78 3.352 3.399 2.774 14 10 685 531 November 2008 72 189,756,578.31 3.270 3.315 2.568 2 6 667 505 December 2008 77 200,279,167.62 3.040 3.082 2.355 12 7 638 487 January 2009 79 209,134,703.76 2.811 2.850 2.046 8 6 628 466 Average 82 215,674,401.70 3.579% 3.629% 3.077 9 9 672 476 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM4)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of investments By Type January 2008 through January 2009 January February March April May June July August September October November December January Average Security Type 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2009 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 53.5 57.2 58.0 55.2 55.1 52.3 54.2 53.1 54.1 62.6 61.1 58.4 57.3 56.3% Local Agency Investment Funds 24.0 26.5 25.3 25.2 23.6 24.8 21.8 27.7 28.5 23.7 28.3 28.6 26.9 25.8% Treasury Securities-Coupon 6.8 8.0 8.4 8.6 9.2 9.1 8.4 6.1 5.2 3.2 3.2 2.9 2.9 6.3% Medium Tenn Notes 1.7 1.8 1.8 1.7 1.6 1.6 1.8 2.0 2.0 1.0 1.0 0.9 0.9 1.5% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 7.6 3.5 1.9 1.7 0.8 0.9 1.0 6.1 6.2 4.2 8.1 10.9 4.1% Federal Agency Disc.-Amortizing 6.4 3.1 4.6 7.6 8.1 8.1 9.1 6.0 3.1 2.3 2.3 1.1 1.1 4.8% Treasury Discounts-Amortizing 2.5 3.3 3.7 4.1 1.0 1.0 1.2% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM5)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 9 Interest Earnings Summary January 31, 2009 January 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 316,039.79 1,715,307.58 Plus Accrued Interest at End of Period 1,175,900.13 1,175,900.13 Less Accrued Interest at Beginning of Period ( 1,056,727.35) ( 1,181,923.61) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 435,212.57 1,709,284.10 Adjusted by Premiums and Discounts -24,468.85 -11,918.41 Adjusted by Capital Gains or Losses 3,248.80 4,448.80 Earnings during Periods 413,992.52 1,701,814.49 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 331,890.03 689,411.58 Plus Accrued Interest at End of Period 105,788.08 105,788.08 Less Accrued Interest at Beginning of Period ( 333,861.17) ( 359,492.69) Interest Earned during Period 103,816.94 435,706.97 Total Interest Earned during Period 539,029.51 2,144,991.07 Total Adjustments from Premiums and Discounts -24,468.85 -11,918.41 Total Capital Gains or Losses 3,248.80 4,448.80 Total Earnings during Period 517,809.46 2,137,521.46 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM6)SyrnRept 6.42 Report Ver.5.00 ° Statement of Cash Receipts, Disbursements, and Fund Balances `;°;ya ✓; Office of the City Treasurer ' January 2009 Cash Receipts and Disbursements December 2008 January 2009 Incoming Receipts Property Tax Receipts $26,678,393 $13,775,244 Sales Tax Receipts 1,989,127 1,543,200 Utility Tax Receipts 1,682,573 1,751,139 Highway Users Tax Receipts 287,623 220,514 Transient Occupancy Tax Receipts 399,398 278,148 All Other Receipts 28,920,319 18,320,510 Outgoing Disbursements -$57,088,736 -$35,035,268 Net Change in Cash Flow $2,868,697 $853,487 Summary of Cash by Fund December 2008 January 2009 General Fund $33,561,127 $38,501,688 Government Funds 602,572 597,441 Capital Funds 26,827,502 23,209,459 Debt Service Funds 8,671,146 7,854,510 Enterprise Funds 93,916,266 92,210,268 Fiduciary Funds 26,192,457 25,709,713 Special Revenue Funds 21,501,026 23,786,266 $211,272,096 " $211,869,345 *Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences Note: All income is reflected in the month it was received by the city. Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. State of California Pooled Money Investment Account Market Valuation 1/31/2009 . ©escrii�Bc�n / trued frterest Purcti 1ue '% ., ntlrst United States Treasury: Bills $ 7,698,278,918.78 $ 7,783,933,000.00 NA Notes $ 3,752,600,545.54 $ 3,774,322,000.00 $ 14,813,838.00 Federal Agency: SBA $ 550,938,817.70 $ 537,565,664.90 $ 2,151,719.35 MBS-REMICs $ 1,063,927,281.55 $ 1,090,297,763.78 $ 5,055,436.57 Debentures $ 3,215,994,966.97 $ 3,267,596,920.00 $ 37,675,341.92 Debentures FR $ 5,848,463,605.78 $ 5,857,284,330.00 $ 29,263,398.21 Discount Notes $ 4,589,772,713.96 $ 4,651,578,000.00 NA FHLMC PC $ 2,152.59 $ 2,195.72 $ 37.70 GNMA $ 141,439.66 $ 162,019.81 $ 1,400.54 CDs and YCDs FR $ - $ - $ - Bank Notes $ - $ - $ - CDs and YCDs $ 2,325,000,000.00 $ 2,324,543,817.50 $ 480,409.72 Commercial Paper $ 2,299,605,361.16 $ 2,299,344,444.46 NA Corporate: Bonds FR $ 220,326,060.58 $ 217,327,235.62 $ 1,043,103.88 Bonds $ 104,352,552.61 $ 104,546,846.95 $ 1,426,273.82 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ Time Deposits $ 8,033,500,000.00 $ 8,033,500,000.00 NA AB 55 &GF Loans $ 21,758,222,984.02 $ 21,758,222,984.02 NA TOTAL $ 61,461,127,400.90 $ 61,700,227,222.76 $ 91,910,959.71 Fair Value Including Accrued Interest $ 61,792,138,182.47 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of December 31, 2008 Summary of investments by type Market Value Market Value Par Value Investment Type as of 11/30/08 as of 12/31/08 $5,811,885 Local Agency Investment Fund(LAIF) $5,787,086 $5,811,885 $0 Federal Agency Issues $0 $0 $6,917,095 Investment Agreements $6,977,095 $6,917,095 $3,297,285 Money Market Funds $3,733,383 $3,297,285 $0 US Treasury Securities $0 $0 $16,026,265 $16,497,564 $16,026,265 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 11/30/08 as of 12/31/08 $2,518,898 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,503,326 $2,518,898 $2,167,591 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,167,585 $2,167,591 $1,649,763 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,763 $1,649,763 $520,119 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $516,616 $520,119 $2,043,184 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,172 $2,043,184 $2,740,174 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $3,182,058 $2,740,174 $1,260,266 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,259,974 $1,260,266 $174,058 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $173,657 $174,058 $1,449,686 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,449,349 $1,449,686 $764,503 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $759,172 $764,503 $560,045 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $619,759 $560,045 $177,978 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $173,133 $177,978 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $16,026,265 $16,497,564 $16,026,265 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of December 31, 2008 Ending Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (9-30-08) (12-31-08) ICMA Retirement Corporation (457 Plan) $24,119,596 $683,913 ($221,054) ($2,639,828) $6,872 $21,949,499 ICMA Retirement Corporation (401 Plan) $876,104 $24,783 ($3,286) ($94,223) $136 $803,514 Nationwide Retirement Solutions (457 Plan) $50,386,550 $1,192,934 ($959,793) ($4,811,133) ($375) $45,808,183 Total Deferred Compensation Plan Balances $75,382,250 $1,901,630 ($1,184,133) ($7,545,184) $6,633 $68,561,196 ATTACHMENT #4 City of Huntington Beach Retiree Medical Trust Information as of December 31, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (9-30-08) Transfers (change in value) Balance (12-31-08) CaIPERS Retiree Medical Trust Account $7,869,755 $0 $0 ($1,403,039) ($968) $6,465,748 ATTACHMENT #5 Treasurer's Deport - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM January Report s .�8 17109 Pa � � s Shari L . Freidenrich , CPA, CCMT, CPFA, CPFIM March 16, 2009 Treasurer's Report ® Shari L. Freidenrich, CPA, CC MT CPFA, CPFi $ in 000°s Financial Information: December January Inc./(Dec.) End of Month City Portfolio $209.880 $210.529 $0.649 End of Month Market Value $211 .877 $212.224 $0.347 Interest Earned for Month $0.545 $0.518 ($0.027) Earned Interest Yield Year to Date 3.29% 3.19% (0.10%) Average Maturity ( in days) 487 466 (21 ) YTD Average Daily Balance $195.157 $198.680 $3.523 $ in 000®s Change From YTD Change Receipts Through January 2009 Same Month % From Last % Last Year Year Property Tax Receipts $189 1 .4% $1 ,264 2.7% 1 % Sales Tax Receipts $19 1 .2% $142 4.2% Utility Users Tax $63 3.7% $272 5.4% Highway Users Tax $87 28.2% $115 13.0% Transient Occupancy Tax $59 17.5% $200 15.2% Foreclosures 4 24% 47 94% Increase greater than 0% YTD change from last year Decrease from (3%) to 0% YTD change from last year Decrease greater than (3%) YTD change from last year RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's January 2009 Investment Summary Report COUNCIL MEETING DATE: March 16, 2009 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable E Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable E Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable E Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable E Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable E Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable E Bonds (If applicable) Attached ❑ Not Applicable E Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable E Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable E EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff ( ) ( ) Deputy City Administrator (Initial) ( ) ( ) City Administrator (Initial) ) ) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: _(,Below Space For CiW Closrks Use • RCA Author: SLF i Council/Agency Meeting Held: Deferred/Continued to: App!I!d ❑ Conditionally Approved ❑ Denied City k's S ature Council Meeting Date: 2/2/2009 Department I /Number: CT09-06 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR e SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S DECEMBER 2008 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for December 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for December 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 2/2/2009 DEPARTMENT ID NUMBER: CT09-06 Attachment(s): City C-11'erks '. • - Num ber N• beSCfiptiOrl 1. Monthly Investment Report and Summary of Investments for December 2008 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. December 2008 PowerPoint Presentation -2- 1/15/2009 7:55 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for December 2008 City Investment Portfolio: November December Inc./(Dec.) End of month City Portfolio Balance $192,005,545 $209,879,782 $17,874,237 End of Month Market Value $193,374,273 $211,877,363 $18,503,090 End of month General Fund Balance $22,831,177 $33,561,127 $10,729,950 Monthly Effective Rate of Return 3.36% 3.21% -0.15% Average Maturity ( in days) 505 487 (18) End of month bank cash balance $3,624,157 $5,552,080 $1,927,923 Bond Proceeds Investments:* October November Inc./(Dec.) End of Month Bond Reserve Par Value $15,977,478 $16,497,564 $520,086 End of Month Bond Reserve Market Value $15,977,478 $16,497,564 $520,086 Deferred Compensation Investments:** June September Inc./(Dec.) Participant Balances $80,071,572 $75,382,250 ($4,689,322) Retiree Medical Trust:** June September Inc./(Dec.) Trust Balance $8,730,245 $7,869,755 ($860,490) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $445,417 $545,320 $99,903 Interest Earned Year to Date $1,336,250 $1,619,712 $283,462 Earned Interest Yield Year to Date 3.50% 3.29% -0.21% Average Daily Balance $152,714,286 $195,156,832 $42,442,546 *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. December % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $122,559,758 58% None 795 3.63% Local Agency Inv. Fund (LAIF) $59,963,203 29% 60 million 1 2.36% Treasury Securities-Coupon $6,073,454 3% None 231 2.98% Medium Term Notes $1,971,070 1% 20% 713 5.02% Commercial Paper Disc. -Amortizing $16,970,627 8% 25% 79 1.48% Federal Agency Disc. -Amortizing $2,341,670 1% None 182 3.07% $209,879,782 100% 487 3.08% ((,,�p%TINGto O` NgORPORATE0 ___ F City of Huntington Beach i 9= City of 1-113 2000 Main St Portfolio Management Huntington Beach 9-vV AEB'1/1909.T� O� Portfolio Summary F�UUNTY CP��F December 31, 2008 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 366 Equiv. Federal Agency Issues-Coupon 122,235,000.00 124,395,503.84 122,559,757.86 58.40 1,015 795 3.584 3.633 Local Agency Investment Funds 59,963,203.11 59,963,203.11 59,963,203.11 28.57 1 1 2.323 2.355 Treasury Securities-Coupon 6,000,000.00 6,172,900.00 6,073,454.53 2.89 613 231 2.937 2.977 Medium Term Notes 2,000,000.00 2,028,760.00 1,971,070.00 0.94 1,428 713 4.954 5.023 Commercial Paper Disc.-Amortizing 17,000,000.00 16,944,750.00 16,970,626.67 8.09 134 79 1.459 1.479 Federal Agency Disc.-Amortizing 2,377,000.00 2,372,246.00 2,341,669.86 1.12 251 182 3.031 3.073 209,575,203.11 211,877,362.95 209,879,782.03 100.00% 638 487 3.040 3.082 Investments Cash and Accrued Interest Accrued Interest at Purchase 306,309.48 306,309.48 Subtotal 306,309.48 306,309.48 Total Cash and Investments 209,575,203.11 212,183,672.43 210,186,091.51 638 487 3.040 3.082 Total Earnings December 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 545,320.44 1,619,712.00 Current Budget 445,416.66 1,336,250.00 5,345,000.00 Last Year Actual 836,157.56 2,469,802.76 8,923,191.10 Average Daily Balance 200,279,167.62 195,156,832.49 Effective Rate of Return 3.21% 3.29% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on December 15,2008. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. MarketJ41ues provided by Union Bank via Interactive Data Corporation. �- Z O 9 ARI REIDENR H,CPA,CITY TREASURER Reporting period 12/01/2008-12/31/2008 Portfolio CITY AP Run Date:01/16/2009-11:30 PM(PRF_PM1)SymRept 6.42 Report Ver.5.00 City of 1-113 Portfolio Management Page 2 Portfolio Details - Investments December 31, 2008 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,040,620.00 1,999,180.11 5.050 AAA 5.150 158 06/08/2009 31331YZS2 3629 Federal Farm Credit Bank 04/01/2008 2,000,000.00 2,011,880.00 2,000,000.00 4.000 AAA 4.000 1,551 04/01/2013 31331YF88 3637 Federal Farm Credit Bank 04/22/2008 2,000,000.00 2,000,620.00 1,994,313.00 4.125 AAA 4.199 1,572 04/22/2013 31331YXN5 3640 Federal Farm Credit Bank 04/22/2008 2,000,000.00 2,000,620.00 1,996,667.46 3.470 AAA 3.549 805 03/17/2011 31331GBC2 3670 Federal Farm Credit Bank 09/15/2008 2,000,000.00 2,034,380.00 2,000,000.00 3.300 AAA 3.300 622 09/15/2010 31331GBS7 3678 Federal Faun Credit Bank 09/17/2008 2,000,000.00 2,030,620.00 2,008,555.56 3.100 AAA 2.841 624 09/17/2010 31331GCHO 3680 Federal Farm Credit Bank 09/29/2008 2,000,000.00 2,038,120.00 2,000,000.00 3.750 AAA 3.750 1,001 09/29/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,061,880.00 2,000,000.00 5.300 AAA 5.300 987 09/15/2011 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2,010,000.00 2,000,000.00 5.300 AAA 5.300 953 08/12/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,040,620.00 2,000,000.00 5.550 AAA 5.550 1,258 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,043,120.00 1,998,180.56 5.350 AAA 5.419 530 06/15/2010 3133XL022 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,126,260.00 2,000,000.00 5.600 AAA 5.600 1,296 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,056,260.00 2,000,000.00 4.500 AAA 4.500 1,446 12/17/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,047,500.00 2,000,000.00 4.200 AAA 4.200 1,475 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,046,880.00 2,000,000.00 4.150 AAA 4.150 1,489 01/29/2013 3133XPB29 3622 Federal Home Loan Bank 02/13/2008 2,000,000.00 2,000,620.00 1,988,473.33 3.850 AAA 4.006 1,504 02/13/2013 3133XGEQ3 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 2,056,260.00 2,029,895.15 5.250 AAA 2.672 216 08/05/2009 3133XR7F1 3648 Federal Home Loan Bank 05/12/2008 2,000,000.00 2,023,760.00 2,000,000.00 2.450 AAA 2.451 223 08/12/2009 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 2,024,380.00 1,999,070.87 2.500 AAA 2.579 224 08/13/2009 3133XS3F3 3666 Federal Home Loan Bank 08/27/2008 2,000,000.00 2,036,260.00 2,000,000.00 3.450 AAA 3.450 603 08/27/2010 3133XS5M6 3667 Federal Home Loan Bank 09/25/2008 2,000,000.00 2,035,620.00 2,000,000.00 3.000 AAA 3.000 267 09/25/2009 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,050,000.00 2,000,000.00 4.150 AAA 4.150 1,720 09/17/2013 3133XSBP2 3679 Federal Home Loan Bank 10/02/2008 2,000,000.00 2,000,000.00 2,000,000.00 3.000 AAA 3.000 274 10/02/2009 3133XSA73 3684 Federal Home Loan Bank 09/29/2008 2,000,000.00 2,010,620.00 1,992,591.55 2.800 AAA 3.319 266 09/24/2009 3133XSDY1 3688 Federal Home Loan Bank 10/09/2008 2,000,000.00 2,030,620.00 2,010,246.21 3.560 AAA 2.521 180 06/30/2009 3133XQZM7 3689 Federal Home Loan Bank 10/16/2008 2,000,000.00 2,023,760.00 1,995,272.77 2.530 AAA 2.951 .208 07/28/2009 3133XSGXO 3690 Federal Home Loan Bank 10/17/2008 2,000,000.00 2,001,880.00 1,994,359.30 1.900 AAA 2.951 98 04/09/2009 3133XSE87 3691 Federal Home Loan Bank 10/15/2008 2,000,000.00 2,030,000.00 2,000,000.00 4.050 AAA 4.052 925 07/15/2011 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,054,220.00 2,000,000.00 4.125 AAA 4.125 321 11/18/2009 3128X6YJ9 3608 Federal Home Loan Mort Corp 01/09/2008 2,000,000.00 2,001,200.00 2,000,000.00 4.500 AAA 4.500 1,469 01/09/2013 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,075,380.00 1,997,786.67 3.375 AAA 3.438 673 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,085,740.00 1,990,058.66 3.250 AAA 3.480 833 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,057,600.00 2,000,000.00 3.250 AAA 3.250 1876 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,047,600.00 1,978,675.75 3.700 AAA 4.002 1,422 11/23/2012 3128X7SW5 3657 Federal Home Loan Mort Corp 05/29/2008 2,000,000.00 2,021,860.00 1,986,679.61 3.800 AAA 4.013 1,244 05/29/2012 3128X7S39 3665 Federal Home Loan Mort Corp 07/28/2008 2,000,000.00 2,003,560.00 2,000,000.00 3.150 AAA 3.150 208 07/28/2009 Portfolio CITY AP Run Date:01/16/2009-11:30 PM(PRF_PM2)SyrnRept 6.42 Report Ver.5.00 City of 8-113 Portfolio Management Page 3 Portfolio Details - Investments December 31, 2008 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3137EAAT6 3682 Federal Home Loan Mort Corp 09/23/2008 2,000,000.00 2,040,620.00 2,017,438.76 5.000 AAA 2.996 161 06/11/2009 3128X7X74 3685 Federal Home Loan Mort Corp 10/01/2008 2,000,000.00 2,010,620.00 1,996,978.87 4.000 AAA 4.059 988 09/16/2011 3128X67H3 3687 Federal Home Loan Mort Corp 10/09/2008 2,000,000.00 2,005,800.00 1,995,802.35 3.250 AAA 3.431 433 03/10/2010 3134A3EM4 3692 Federal Home Loan Mort Corp 10/24/2008 1,375,000.00 1,390,042.50 1,383,053.40 5.750 AAA 2.851 73 03/15/2009 3128X67H3 3696 Federal Home Loan Mort Corp 10/27/2008 2,000,000.00 2,005,800.00 1,991,298.17 3.250 AAA 3.625 433 03/10/2010 3128X72Q6 3697 Federal Home Loan Mort Corp 10/27/2008 1,000,000.00 1,015,400.00 998,200.77 3.375 AAA 3.480 645 10/08/2010 3134A4US1 3698 Federal Home Loan Mort Corp 11/20/2008 1,662,000.00 1,695,755.22 1,682,786.32 4.250 AAA 1.900 195 07/15/2009 3128X813133 3702 Federal Home Loan Mort Corp 12/17/2008 2,000,000.00 2,001,860.00 2,000,000.00 1.250 AAA 1.250 350 12/17/2009 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,044,380.00 2,000,000.00 4.600 AAA 4.600 1,443 12/14/2012 31398ANH1 3625 Fed.Nat'I Mort.Assoc. 03/17/2008 2,000,000.00 2,006,880.00 2,000,000.00 3.250 AAA 3.249 785 02/25/2011 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 2,052,500.00 1,998,012.50 3.050 AAA 3.128 482 04/28/2010 31398AQW5 3642 Fed.Nat'l Mort.Assoc. 05/08/2008 2,000,000.00 2,019,380.00 2,000,000.00 4.250 AAA 4.250 1,588 05/08/2013 3136179MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,070,000.00 1,998,268.89 4.000 AAA 4.022 1,579 04/29/2013 3136F9WQ2 3661 Fed.Nat'l Mort.Assoc. 07/02/2008 2,000,000.00 2,032,500.00 2,000,000.00 4.000 AAA 4.000 547 07/02/2010 31359MU68 3681 Fed.Nat'I Mort.Assoc. 09/23/2008 2,000,000.00 2,060,000.00 2,029,676.52 5.375 AAA 2.938 226 08/15/2009 31398ATR3 3686 Fed.Nat'l Mort.Assoc. 10/06/2008 2,000,000.00 2.043,760.00 2,000,000.00 4.550 AAA 4.549 1,707 09/04/2013 31359MU68 3694 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,060,000.00 2,027,434.23 5.375 AAA 3.119 226 08/15/2009 31359MEY5 3695 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,081,880.00 2,047,919.75 6.625 AAA 3.150 257 09/15/2009 31359MEY5 3699 Fed.Nat'l Mort.Assoc. 11/20/2008 1,198,000.00 1,247,046.12 1,236,536.78 6.625 AAA 2.001 257 09/15/2009 31398ATM4 3700 Fed.Nat'l Mort.Assoc. 12/10/2008 3,000,000.00 3,062,820.00 3,034,432.84 4.000 AAA 3.541 967 08/26/2011 3136179Y23 3701 Fed.Nat'l Mort.Assoc. 12/10/2008 2,000,000.00 2,008,760.00 2,000,000.00 2.500 AAA 2.500 525 06/10/2010 31398ASX1 3703 Fed.Nat'l Mort.Assoc. 12/15/2008 2,000,000.00 2,035,000.00 2,027,336.67 3.750 AAA 2.863 580 08/04/2010 31398ATAO 3704 Fed.Nat'I Mort.Assoc. 12/15/2008 2,000,000.00 2,040,620.00 2,029,667.93 4.330 AAA 3.719 938 07/28/2011 31398ATM4 3707 Fed.NO Mort.Assoc. 12/22/2008 2,000,000.00 2,041,880.00 2,032,989.11 4.000 AAA 3.343 967 08/26/2011 3136F9UY7 3708 Fed.Nat'l Mort.Assoc. 12/22/2008 2,000,000.00 2,031,260.00 2,028,163.55 4.260 AAA 3.755 1,086 12/23/2011 3136F9D75 3710 Fed.Nat'l Mort.Assoc. 12/30/2008 2,000,000.00 2,030,620.00 2,043,753.89 4.500 AAA 3.979 1,699 08/27/2013 Subtotal and Average 121,390,555.34 122,235,000.00 124,395,503.84 122,559,757.86 3.633 795 Local Agency Investment Funds SYS982 982 Laif City 29,963,250.62 29,963,250.62 29,963,250.62 2.358 NR 2.358 1 SYS2206 2206 LAIF-Redevelopment Agency 29,999,952.49 29,999,952.49 29,999,952.49 2.353 NR 2.353 1 Subtotal and Average 57,176,106.34 59,963,203.11 59,963,203.11 59,963,203.11 2.366 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,055,780.00 2,000,344.51 4.875 AAA 4.834 226 08/15/2009 9128281-169 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,047,740.00 2,024,650.40 4.000 AAA 2.099 242 08/31/2009 Portfolio CITY AP Run Date:01/16/2009-11:30 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Investments December 31, 2008 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Treasury Securities-Coupon 9128275N8 3683 US Treasury Notes 09/24/2008 2,000,000.00 2,069,380.00 2,048,459.62 6.000 AAA 2.032 226 08/15/2009 Subtotal and Average 6,078,221.66 6,000,000.00 6,172,900.00 6,073,464.53 2.977 231 Medium Term Notes 084664AFB 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,028,760.00 1,971,070.00 4.200 Aaa 5.023 713 12/15/2010 Subtotal and Average 1,970,493.36 2,000,000.00 2,028,760.00 1,971,070.00 5.023 713 Commercial Paper Disc.-Amortizing 17314GR35 3705 Citigroup Insured 12/16/2008 2,000,000.00 1,992,460.00 1,997,802.22 0.430 P-1 0.437 92 04/03/2009 17314GRH4 3706 Citigroup Insured 12/16/2008 2,000,000.00 1,991,300.00 1,996,878,89 0.530 P-1 0.538 106 04/17/2009 36959HNP8 3672 General Electric Capital Corp 09/15/2008 2,000,000.00 1,999,260.00 1,996,748.89 2.660 P-1 2.723 22 01/23/2009 36959HN94 3675 General Electric Capital Corp 09/16/2008 2,000,000.00 1,999,900.00 1,998,866.67 2.550 P-1 2.607 8 01/09/2009 36959HPL5 3676 General Electric Capital Corp 09/16/2008 2,000,000.00 1,996,540.00 1,992,583.33 2.670 P-1 2.739 50 02/20/2009 36959HP68 3677 General Electric Capital Corp 09/16/2008 2,000,000.00 1,998,640.00 1,994,740.00 2.630 P-1 2.695 36 02/06/2009 36161CTS1 3709 GE Capital Insured 12/29/2008 2,000,000.00 1,981,440.00 1,995,306.67 0.480 P-1 0.488 176 06/26/2009 36161CS11 3711 GE Capital Insured 12/30/2008 3,000,000.00 2,985,210,00 2,997,700.00 0.230 P-1 0,233 120 05/01/2009 Subtotal and Average 10,422,236.00 17,000,000.00 16,944,750.00 16,970,626.67 1.479 79 Federal Agency Disc.-Amortizing 3135891-109 3693 Fed.Nat'l Mort.Assoc. 10/24/2008 2,377,000.00 2,372,246.00 2,341,669.86 2.940 AAA 3.073 182 07/02/2009 Subtotal and Average 3,241,554.93 2,377,000.00 2,372,246.00 2,341,669.86 3.073 182 Total and Average 200,279,167.62 209,575,203.11 211,877,362.95 209,879,782.03 3.082 487 Portfolio CITY AP Run Date:01/16/2009-1 1:30 PM(PRF_PM2)SymRept 6.42 City of 1-113 Portfolio Management Page 5 Portfolio Details - Cash December 31, 2008 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 306,309.48 306,309.48 0 Subtotal 306,309.48 306,309.48 Total Cash and Investments 200,279,167.62 209,575,203.11 212,183,672.43 210,186,091.51 3.082 487 Portfolio CITY AP Run Date:01/16/2009-11:30 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 6 Activity By Type December 1, 2008 through December 31, 2008 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331YQW3 3621 Federal Farm Credit Bank 3.150 12/15/2008 0.00 2,000,000.00 3133XRND8 3662 Federal Home Loan Bank 3.300 12/30/2008 0.00 2,000,000.00 3128X5UM8 3461 Federal Home Loan Mort Corp 5.250 12/29/2008 0.00 2,000,000.00 3128X7CK8 3626 Federal Home Loan Mort Corp 3.100 12/24/2008 0.00 2,000,000.00 3128X7W83 3668 Federal Home Loan Mort Corp 3.125 12/10/2008 0.00 2,000,000.00 3128X8BD3 3702 Federal Home Loan Mort Corp 1.250 12/17/2008 2,000,000.00 0.00 3136F9E90 3669 Fed.Nat'l Mort.Assoc. 4.000 12/19/2008 0.00 2,000,000.00 31398ATM4 3700 Fed.Nat'l Mort.Assoc. 4.000 12/10/2008 3,035,190.00 0.00 3136F9Y23 3701 Fed.Nat'l Mort.Assoc. 2.500 12/10/2008 2,000,000.00 0.00 31398ASX1 3703 Fed.Nat'l Mort.Assoc. 3.750 12/15/2008 2,028,100.00 0.00 31398ATAO 3704 Fed.Nat'l Mort.Assoc. 4.330 12/15/2008 2,030,180.00 0.00 31398ATM4 3707 Fed.Nat'l Mort.Assoc. 4.000 12/22/2008 2,033,300.00 0.00 3136F9UY7 3708 Fed.Nat'l Mort.Assoc. 4.260 12/22/2008 2,028,400.00 0.00 3136F9D75 3710 Fed.Nat'I Mort.Assoc. 4.500 12/30/2008 2,043,780.00 0.00 Subtotal 17,198,950.00 12,000,000.00 122,559,757.86 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 2.358 11,300,000.00 5,600,000.00 Subtotal 11,300,000.00 5,600,000.00 59,963,203.11 Treasury Securities-Coupon Subtotal 6,073,454.53 Medium Term Notes Subtotal 1,971,070.00 Commercial Paper Disc.-Amortizing 17314GR35 3705 Citigroup Insured 0.430 12/16/2008 1,997,420.00 0.00 17314GRH4 3706 Citigroup Insured 0.530 12/16/2008 1,996,407.78 0.00 36161CTS1 3709 GE Capital Insured 0.480 12/29/2008 1,995,226.67 0.00 36161CS11 3711 GE Capital Insured 0.230 12/30/2008 2,997,661.67 0.00 Subtotal 8,986,716.12 0.00 16,970,626.67 Federal Agency Disc.-Amortizing 313396T45 3659 Federal Home Loan Mort Corp 2.630 12/15/2008 0.00 2,000,000.00 Portfolio CITY AP Run Date:01/16/2009-11:30 PM(PRF_PM3)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity By Type December 1, 2008 through December 31, 2008 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Subtotal 0.00 2,000,000.00 2,341,669.86 Total 37,485,666.12 19,600,000.00 209,879,782.03 Portfolio CITY AP Run Date:01/16/2009-11:30 PM(PRF_PM3)SymRept 6.42 City of HB Portfolio Management Page 8 Activity Summary December 2007 through December 2008 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity December 2007 87 212,710,842.34 4.544 4.607 4.801 19 9 664 377 January 2008 91 233,636,809.52 4.409 4.470 4.620 15 11 667 407 February 2008 84 228,014,150.58 4.212 4.271 4.161 5 12 686 430 March 2008 81 219,765,603.57 4.027 4.083 3.777 5 8 695 439 April 2008 88 220,642,095.52 3.785 3.837 3.400 14 7 665 454 May 2008 94 238,678,019.73 3.657 3.708 3.072 15 9 696 504 June 2008 93 238,795,438.00 3.551 3.601 2.894 5 6 654 473 July 2008 87 228,997,955.43 3.569 3.619 2.787 2 8 701 509 August 2008 74 204,646,757.05 3.458 3.506 2.779 1 14 684 483 September 2008 72 196,403,906.46 3.391 3.438 2.774 17 19 675 499 October 2008 76 195,260,549.78 3.337 3.383 2.709 14 10 685 531 November 2008 72 189,756,578.31 3.270 3.315 2.568 2 6 667 505 December 2008 77 200,279,167.62 3.040 3.082 2.355 12 7 638 487 Average 83 215,953,646.78 3.712% 3.763% 3.284 10 10 675 469 Portfolio CITY AP Run Date:01/16/2009-11:30 PM(PRF_PM4)SymRept 6.42 Report Ver.5.00 City of Fib Portfolio Management Page 9 Distribution of Investments By Type December 2007 through December 2008 December January February March April May June July August September October November December Average Security Type 2007 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 46.3 53.5 57.2 58.0 55.2 55.1 52.3 54.2 53.1 54.1 62.6 61.1 58.4 55.5% Local Agency Investment Funds 26.2 24.0 26.5 25.3 25.2 23.6 24.8 21.8 27.7 28.5 23.7 28.3 28.6 25.7% Treasury Securities-Coupon 7.0 6.8 8.0 8.4 8.6 9.2 9.1 8.4 6.1 5.2 3.2 3.2 2.9 6.6% Medium Term Notes 1.7 1.7 1.8 1,8 1.7 1.6 1.6 1.8 2.0 2.0 1.0 1.0 0.9 1.6% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 10.5 7.6 3.5 1.9 1.7 0.8 0.9 1.0 6.1 6.2 4.2 8.1 4.0% Federal Agency Disc.-Amortizing 8.3 6.4 3.1 4.6 7.6 8.1 8.1 9.1 6.0 3.1 2.3 2.3 1.1 5.4% Treasury Discounts-Amortizing 2.5 3.3 3.7 4.1 1.0 1.0 1.2% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:01/16/2009-11:30 PM(PRF_PM5)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 10 Interest Earnings Summary December 31, 2008 December 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 511,953.34 1,399,267.79 Plus Accrued Interest at End of Period 1,056,727.35 1,056,727.35 Less Accrued Interest at Beginning of Period ( 1,135,098.50) ( 1,181,923.61) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 433,582.19 1,274,071.53 Adjusted by Premiums and Discounts -11,429.32 12,550.44 Adjusted by Capital Gains or Losses 0.00 1,200.00 Earnings during Periods 422,152.87 1,287,821.97 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 0.00 357,521.55 Plus Accrued Interest at End of Period 333,861.17 333,861.17 Less Accrued Interest at Beginning of Period ( 210,693.60) ( 359,492.69) Interest Earned during Period 123,167.57 331,890.03 Total Interest Earned during Period 556,749.76 1,605,961.56 Total Adjustments from Premiums and Discounts -11,429.32 12,550." Total Capital Gains or Losses 0.00 1,200.00 Total Earnings during Period 545,320.44 1,619,712.00 Portfolio CITY AP Run Date:01/16/2009-11:30 PM(PRF_PM6)SymRept 6.42 Report Ver.5.00 Statement of Cash Receipts, Disbursements, and Fund Balances M Office of the City Treasurer December 2008 Cash Receipts and Disbursements Incoming Receipts — December $59,957,433 Outgoing Disbursements — December -57,088,736 Net Change in Cash Flow $2,868,697 Summary of Cash by Fund as of December 31, 2008 General Fund $33,561,127 Government Funds 602,572 Capital Funds 26,827,502 Debt Service Funds 8,671,146 Enterprise Funds 93,916,266 Fiduciary Funds 26,192,457 Special Revenue Funds 21,501,026 $211,272,096 * Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences. Note: Above information was obtained from City's accounting system records using. account 999.10110. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. State of California Pooled Money Investment Account Market Valuation 12/31/2008 x� ;Descr�ptioi iAccrued Interes Pu h amortized Cost Fa Value erest, ccruec M United States Treasury: Bills $ 7,598,685,502.12 $ 7,632,683,175.34 $ 7,688,719,000.00 NA Notes $ 3,773,662,273.52 $ 3,773,619,004.28 $ 3,791,713,000.00 $ 1,745,333.00 Federal Agency: SBA $ 554,715,117.36 $ 554,715,117.36 $ 541,143,400.82 $ 2,166,537.35 MBS-REMICs $ 1,070,364,455.69 $ 1,070,364,455.69 $ 1,086,343,051.97 $ 5,082,300.57 Debentures $ 3,276,687,878.94 $ 3,276,037,878.94 $ 3,343,168,242.50 $ 28,738,795.57 Debentures FR $ 6,335,547,335.12 $ 6,335,547,335.12 $ 6,341,921,340.00 $ 22,179,057.81 Discount Notes $ 4,889,728,880.65 $ 4,909,868,977.85 $ 4,952,533,000.00 NA FHLMC PC $ 3,892.41 $ 3,892.41 $ 3,969.72 $ 67.91 GNMA $ 144,100.52 $ 144,100.52 $ 165,524.48 $ 1,427.01 CDs and YCDs FR $ - $ - $ - $ - Bank Notes $ - $ - $ - $ - CDs and YCDs $ 3,950,070,461.28 $ 3,950,031,997.74 $ 3,951,825,606.50 $ 12,378,881.25 Commercial Paper $ 1,947,499,180.51 $ 1,949,637,597.22 $ 1,949,625,694.45 NA Corporate: Bonds FR $ 220,299,209.53 $ 220,299,209.53 $ 216,234,078.04 $ 571,949.28 Bonds $ 104,134,401.22 $ 104,134,401.22 $ 104,578,018.15 $ 1,090,502.98 Repurchase Agreement $ - $ - $ - NA Reverse Repurchase $ - $ - $ - $ - Time Deposits $ 8,249,500,000.00 $ 8,249,500,000.00 $ 8,249,500,000.00 NA AB 55&GF Loans $ 21,319,163,681.70 $ 21,319,163,681.70 $ 21,319,163,681.70 NA TOTAL $ 63,290,206,370.57 $ 63,345,750,824.93 $ 63,536,637,608.33 $ 73,954,852.73 Fair Value Including Accrued Interest $ 63,610,592,461.06 Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost(1.003013411). As an example: if an agency has an account balance of$20,000,000.00, then the agency would report it: participation in the LAW valued at $20,060,268.22 or$20,000,000.00 x 1.003013411. ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of November 30, 2008 Summary of investments by type Market Value Market Value Par Value Investment Type as of 10/31/08 as of 11/30/08 $5,787,086 Local Agency Investment Fund(LAIF) $5,787,086 $5,787,086 $0 Federal Agency Issues $0 $0 $8,422,735 Investment Agreements $6,799,528 $6,977,095 $3,733,383 Money Market Funds $3,390,864 $3,733,383 $0 US Treasury Securities $0 $0 $17,943,204 $15,977,478 $16,497,564 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 10/31/08 as of 11/30/08 $2,503,326 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,503,313 $2,503,326 $2,167,585 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center-Bella Terra) $2,168,836 $2,167,585 $1,649,763 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,613 $1,649,763 $516,616 Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park) $517,869 $516,616 $2,043,172 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,156 $2,043,172 $3,182,058 Huntington Beach PFA- 2001 Series B(1993 Civic Center&Police Administration Bldg. Refinance) $2,696,983 $3,182,058 $1,259,974 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,251,825 $1,259,974 $173,657 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $173,657 $173,657 $1,449,349 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,449,233 $1,449,349 $759,172 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $759,172 $759,172 $619,759 Huntington Beach Public Finance Authority-Lease Revenue Bonds, 1997 Public Facilities Project $619,736 $619,759 $173,133 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $144,085 $173,133 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $16,497,564 $15,977,478 $16,497,564 ATTAC H M E N T #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2008 Ending Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (6-30-08) (9-30-08) ICMA Retirement Corporation (457 Plan) $25,559,353 $590,898 ($247,629) ($1,782,856) ($170) $24,119,596 ICMA Retirement Corporation (401 Plan) $910,854 $21,243 $0 ($55,993) $0 $876,104 Nationwide Retirement Solutions (457 Plan) $53,601,365 $892,229 ($1,054,836) ($3,052,008) ($200) $50,386,550 Total Deferred Compensation Plan Balances $80,071,572 $1,504,370 ($1,302,465) ($4,890,857) ($370) $75,382,250 ATTAC H M E N T #4 City of Huntington Beach Retiree Medical Trust Information as of September 30, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (6-30-08) Transfers (change in value) Balance (9-30-08) CaIPERS Retiree Medical Trust Account $8,730,245 $0 $0 ($860,490) $0 $7,869,755 ATTAC H M E N T #5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT. CPFA, CPFIM DECEMBER TREASURER'S REPORT E , a Shari L . Freidenrich , CPA, CCmT, CPFA, CPFIM February 2, 2009 Slide 1 Treasurer's Report - Shari L. Freidenfich, CPA, CCMT, CPFA, CPFIM Investment Balance Trends Portfolio Balances by Type $160M $168M $21 OM $228M $242M $21 OM 100% vs L - 80% - M US Trews M Med Notes 60% - El LAIF 40% - M Fed Ag. 0 CID 20% - 0% Dec-04 Dec-05 Dec-06 Dec-07 Jun-08 Dec-08 Slide 2 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Percentages By Type of Investment k eras Agencies .58% Commercial Paper ., 9% y Fed. Agcy - Discount 1% Treasury Sec. 3% Medium Term Notes 1% LAW 29% Slide 3 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Liquidity Investment Maturities by Days, Ending December 2008/2009 ■ 1 ®ay 40% El 2-160 Days ® 29% .5 - 1Yr. 30°/® 1 - 1 .5 Yr. 19% 18% M 1 .5 - 2 Yr. 20% 112 - 3 Yr. 9% f 7°/ 6% Im 3 - 4 Yr. El 4 ® /® r -: 27% 3% 6% 5% 12% 5% 13% 10% 2007 2008 slide 4 Treasurer's Deport a Shari Ls Freidenrich, CPA, CCMT, CPFA, CPFIM All Funds and General Fund Estimated Net Cash Flow and Maturing Investments - Next 6 Months $%0009000 $77600 00 $5,000,000 $® r ' 4: ti v M. z' ($510001000) ($102000,000) $898009000 $9,200,000 ($15,0001000) $14,3509000 ($201000,000) Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Slide 5 Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Investment Yields Trends M -M� rM .00 0 4.72% 4.W89% 4°63% 5.00% .00®/o o 59 4. // .� . y A 3.00®/0 a 1.00®/® y ti / 0°00®/® r Mar-07 Jun-07 Dec-07 Mar-00 Jun-08 Dec-08 Slide 6 !�� F , i' �� ,n� .: � � � , , — �, � � ., __ x r - � a t� � �-� -� �. � ;o� , ,. , ,, , , , � �«� �. ��, ,` � r � � � .� ��;. �' � ,p,1� ,1' 1, 1,,1, ��'�, "� � �, � � �� x � 4 r p�� fi > I� ' � � e,� — "ro ^ P ,�� Treasurer's Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPF/M Summary • Recommendation to City Council Slide 8 RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's December 2008 Investment Summary Report COUNCIL, MEETING DATE: February 2, 2009 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Ap licable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attomey) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached El Not Applicable Fiscal Impact Statement (Unbudgeted, over$5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached Not Applicable Staff Report (If applicable) Attached Not Applicable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not A plicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable ENPLAHATM FOR 08MG ATTACH EHTS REVIEWED RETURNED, , FORWARDED Administrative Staff ( ) ( ) Deputy City Administrator (Initial) ( ) Q ) City Administrator (Initial) ( ) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: RCA Author: SLF 11.1y�,1 Council/Agency Meeting Held: /—o !'A0 1 Deferred/Continued to: '.Approv d ❑ Conditionally Approved ❑ Denied \S;' Cit erk' gnature Council Meeting Date: 1/20/2009 Department ID Number: CT09-05 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR yY SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S NOVEMBER 2008 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for November 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for November 2008, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 1/20/2009 DEPARTMENT ID NUMBER: CT09-05 Attachment(s): 1. Monthly Investment Report and Summary of Investments for November 2008 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. November 2008 PowerPoint Presentation -2- 12/26/2008 8:42 AM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for November 2008 City Investment Portfolio: October November Inc./(Dec.) End of month City Portfolio Balance $192,471,296 $192,005,545 ($465,751) End of Month Market Value $192,619,359 $193,374,273 $754,914 End of month General Fund Balance $21,997,533 $22,831,177 $833,644 Monthly Effective Rate of Return 3.37% 3.36% -0.01% Average Maturity ( in days) 531 505 (26) End of month bank cash balance $3,848,252 $3,624,157 ($224,095) Bond Proceeds Investments:* September October Inc./(Dec.) End of Month Bond Reserve Par Value $16,123,391 $15,977,478 ($145,913) End of Month Bond Reserve Market Value $16,123,391 $15,977,478 ($145,913) Deferred Compensation Investments:** June September Inc./(Dec.) Participant Balances $80,071,572 $75,382,250 ($4,689,322) Retiree Medical Trust:** June September Inc./(Dec.) Trust Balance $8,730,245 $7,869,755 ($860,490) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $445,417 $524,584 $79,167 Interest Earned Year to Date $890,833 $1,085,864 $195,031 Earned Interest Yield Year to Date 3.50% 3.37% -0.13% Average Daily Balance $152,714,286 $192,553,679 $39,839,393 *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. November % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $117,390,753 61% None 791 3.71% Local Agency Inv. Fund (LAIF) $54,263,203 28% 60 million 1 2.57% Treasury Securities-Coupon $6,083,307 3% None 262 2.98% Medium Term Notes $1,969,837 1% 20% 744 5.02% Commercial Paper Disc. -Amortizing $7,964,838 4% 25% 60 2.69% Federal Agency Disc. -Amortizing $4,333,607 3% None 121 2.92% $192,005,545 100% 505 3.32% tJT I N 6 jpy City of Huntington Beach v= City of FIB 2000 Main St <'- = Portfolio Management Huntington Beach 9�cF FEa,>1949 a°��oQ Portfolio Summary UNTY CP November 30, 2008 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 117,235,000.00 118,603,312.50 117,390,753.47 61.14 1,017 791 3.655 3.706 Local Agency Investment Funds 54,263,203.11 54,263,203.11 54,263,203.11 28.26 1 1 2.533 2.568 Treasury Securities-Coupon 6,000,000.00 6,174,060.00 6,083,306.60 3.17 613 262 2.935 2.976 Medium Term Notes 2,000,000.00 2,007,260,00 1,969,837.19 1.03 1,428 744 4.954 5.023 Commercial Paper Disc.-Amortizing 8,000,000.00 7,967,940.00 7,964,838.34 4.15 136 60 2.654 2.691 Federal Agency Disc.-Amortizing 4,377,000.00 4,358,497.10 4,333,606.52 2.26 219 121 2.879 2.919 191,875,203.11 193,374,272.71 192,005,545.23 100.00% 667 505 3.270 3.315 Investments Cash and Accrued Interest Accrued Interest at Purchase 183,200.58 183,200.58 Subtotal 183,200.58 183,200.58 Total Cash and Investments 191,875,203.11 193,557,473.29 192,188,745.81 667 505 3.270 3.315 Total Earnings November 30 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 524,583.72 1,085,863.84 Current Budget 445,416.67 890,833.34 5,345,000.00 Last Year Actual 798,765.71 1,633,645.20 8,923,191.10 Average Daily Balance 189,756,578.31 192,553,678.57 Effective Rate of Return 3.36% 3.37% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on November 5,2007. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. MarkeKalues provid 2Union Bank via Merrill Lynch and Interactive Data Corporation. /- Z-a9 S .FREIDENAIZH,CPA,CITY TREASURER Reporting period 11/01/2008-11/30/2008 Portfolio CITY AP Run Date:12/11/2008-16:45 PM(PRF_PM1)SymRept 6.42 Report Ver.5.00 City of 1-18 Portfolio Management Page 2 Portfolio Details - Investments November 30, 2008 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,037,500.00 1,999,023.44 5.050 AAA 5.150 189 06/08/2009 31331YQW3 3621 Federal Farm Credit Bank 02/04/2008 2,000,000.00 2,000,620.00 2,000,000.00 3.150 AAA 3.150 430 02104/2010 31331YZS2 3629 Federal Farm Credit Bank 04/01/2008 2,000,000.00 2,013,120.00 2,000,000.00 4.000 AAA 4.000 1,582 04/01/2013 31331YF88 3637 Federal Farm Credit Bank 04/22/2008 2,000,000.00 2,000,620.00 1,994,203.00 4,125 AAA 4.199 1,603 04/22/2013 31331YXN5 3640 Federal Farm Credit Bank 04/22/2008 2,000,000.00 2,000,620.00 1,996,541.87 3.470 AAA 3.549 836 03117/2011 31331GBC2 3670 Federal Farm Credit Bank 09/15/2008 2,000,000.00 2,015,000.00 2,000,000.00 3.300 AAA 3.300 653 09/15/2010 31331GBS7 3678 Federal Farm Credit Bank 09/17/2008 2,000,000.00 2,010,000.00 2,008,972.22 3.100 AAA 2.841 655 09/17/2010 31331GCHO 3680 Federal Farm Credit Bank 09/29/2008 2,000,000.00 2,020,000.00 2,000,000.00 3.750 AAA 3.750 1,032 09/29/2011 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,048,120.00 2,000,000.00 5.300 AAA 5.300 1,018 09/15/2011 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2,014,380.00 2,000,000.00 5.300 AAA 5.300 984 08/12/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,035,000.00 2,000,000.00 5.550 AAA 5.550 1,289 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,040,620.00 1,998,076.39 5.350 AAA 5.419 561 06/15/2010 3133XLQ22 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,090.000.00 2,000,000.00 5.600 AAA 5.600 1,327 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,034,380.00 2,000,000.00 4.500 AAA 4.500 1,477 12/17/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,030,000.00 2,000,000.00 4.200 AAA 4.200 1,506 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,030,000.00 2,000.000.00 4.150 AAA 4.150 1,520 01/29/2013 3133XPB29 3622 Federal Home Loan Bank 02/13/2008 2,000,000.00 2,000,000.00 1,988,240.00 3.850 AAA 4.006 1,535 02/13/2013 3133XGEQ3 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 2,050,620.00 2,034,086.06 5.250 AAA 2.672 247 08/05/2009 3133XR7F1 3648 Federal Home Loan Bank 05/12/2008 2,000,000.00 2,013,120.00 2,000,000.00 2.450 AAA 2.451 254 08/12/2009 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 2,013,760.00 1,998,945.31 2.500 AAA 2.579 255 08/13/2009 3133XRND8 3662 Federal Home Loan Bank 06/30/2008 2,000,000.00 2,003,760.00 2,000,000.00 3.300 AAA 3.300 211 06130/2009 3133XS3F3 3666 Federal Home Loan Bank 08/27/2008 2,000,000.00 2,020,620.00 2,000,000.00 3.450 AAA 3.450 634 08/27/2010 3133XS5M6 3667 Federal Home Loan Bank 09/25/2008 2,000,000.00 2,020,620.00 2,000,000.00 3.000 AAA 3.000 298 09/25/2009 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,035,620.00 2,000,000.00 4.150 AAA 4.150 1,751 09/17/2013 3133XSBP2 3679 Federal Home Loan Bank 10/02/2008 2,000,000.00 2,003,120.00 2,000,000.00 3.000 AAA 3.000 305 10/02/2009 3133XSA73 3684 Federal Home Loan Bank 09/29/2008 2,000,000.00 2,010,000.00 1,991,746.48 2.800 AAA 3.319 297 09/24/2009 3133XSDY1 3688 Federal Home Loan Bank 10/09/2008 2,000,000.00 2,025,620.00 2,011,963.45 3.560 AAA 2.521 211 06/30/2009 3133XQZM7 3689 Federal Home Loan Bank 10/16/2008 2,000,000.00 2,014,380.00 1,994,587.66 2.530 AAA 2.951 239 07/28/2009 3133XSGXO 3690 Federal Home Loan Bank 10/17/2008 2,000,000.00 2,007,500.00 1,992,632.56 1.900 AAA 2.951 129 04/09/2009 3133XSE87 3691 Federal Home Loan Bank 10/15/2008 2,000,000.00 2,020,620.00 2,000,000.00 4.050 AAA 4.052 956 07/15/2011 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,038,320.00 2,000,000.00 4.125 AAA 4.125 352 11/18/2009 3128X5UM8 3461 Federal Home Loan Mort Corp 12/29/2006 2,000,000.00 2,005,220.00 2,000,000.00 5.250 AAA 5.250 1,123 12/29/2011 3128X6YJ9 3608 Federal Home Loan Mort Corp 01/09/2008 2,000,000.00 2,005,080.00 2,000,000.00 4.500 AAA 4.500 1,500 01/09/2013 3128X7CK8 3626 Federal Home Loan Mort Corp 03/24/2008 2,000,000.00 2,001,920.00 2,000,000.00 3.100 AAA 3.100 662 09/24/2010 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,033,060.00 1,997,686.67 3.375 AAA 3.438 704 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,031,840.00 1,989,696.28 3.250 AAA 3.480 864 04/14/2011 Portfolio CITY AP Run Date:12/11/2008-16:45 PM(PRF_PM2)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments November 30, 2008 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,024,200.00 2,000,000.00 3.250 AAA 3.250 907 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,022,560.00 1,978,219.46 3.700 AAA 4.002 1,453 11/23/2012 3128X7SW5 3657 Federal Home Loan Mort Corp 05/29/2008 2,000,000.00 2,015,000.00 1,986,354.19 3.800 AAA 4.013 1,275 05/29/2012 3128X7S39 3665 Federal Home Loan Mort Corp 07/28/2008 2,000,000.00 2,006,020.00 2,000,000.00 3.150 AAA 3.150 239 07/28/2009 3128X7W83 3668 Federal Home Loan Mort Corp 09/10/2008 2,000,000.00 2,001,020.00 2,000,000.00 3.125 AAA 3.125 283 09/10/2009 3137EAAT6 3682 Federal Home Loan Mort Corp 09/23/2008 2,000.000.00 2,038,760.00 2,020,708.53 5.000 AAA 2.996 192 06/11/2009 3128X7X74 3685 Federal Home Loan Mort Corp 10/01/2008 2,000,000.00 2,010,260.00 1,996,885.92 4.000 AAA 4.059 1,019 09/16/2011 3128X67H3 3687 Federal Home Loan Mort Corp 10/09/2008 2,000,000.00 2,000,600.00 1,995,508.81 3.250 AAA 3.431 464 03/10/2010 3134A3EM4 3692 Federal Home Loan Mort Corp 10/24/2008 1,375,000.00 1,394,332.50 1,386,318.30 5.750 AAA 2.851 104 03/15/2009 3128X67H3 3696 Federal Home Loan Mort Corp 10/27/2008 2,000,000.00 2,000,600.00 1,990,689.66 3.250 AAA 3.625 464 03/10/2010 3128X72Q6 3697 Federal Home Loan Mort Corp 10/27/2008 1,000,000.00 1,004,890.00 998,116.03 3.375 AAA 3.480 676 10/08/2010 3134A4US1 3698 Federal Home Loan Mort Corp 11/20/2008 1,662,000.00 1,691,085.00 1,686,000.69 4.250 AAA 1.900 226 07/15/2009 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,027,500.00 2,000,000.00 4.600 AAA 4.600 1,474 12/14/2012 31398ANH1 3625 Fed.Nat'l Mort.Assoc. 03/17/2008 2,000,000.00 2,006,260.00 2,000,000.00 3.250 AAA 3.249 816 02/25/2011 31398AQN5 3639 Fed.Nat'l Mort.Assoc. 04/28/2008 2,000,000.00 2,027,500.00 1,997,887.50 3.050 AAA 3.128 513 04/28/2010 31398AQW5 3642 Fed.Nat'l Mort.Assoc. 05/08/2008 2,000,000.00 2,019,380.00 2,000,000.00 4.250 AAA 4.250 1,619 05/08/2013 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,045,620.00 1.998.235.56 4.000 AAA 4.022 1,610 04/29/2013 3136F9WQ2 3661 Fed.Nat'I Mort.Assoc. 07/02/2008 2,000,000.00 2,026,260.00 2,000,000.00 4.000 AAA 4.000 578 07/02/2010 3136F9E90 3669 Fed.Nat'I Mort.Assoc. 09/19/2008 2,000,000.00 2,002,500.00 2,000,000.00 4.000 AAA 4.000 1,022 09/19/2011 31359MU68 3681 Fed.Nat'l Mort.Assoc. 09/23/2008 2,000,000.00 2,054,380.00 2,033,651.06 5.375 AAA 2.938 257 08/15/2009 31398ATR3 3686 Fed.Nat'l Mort.Assoc. 10/06/2008 2,000,000.00 2,037,500.00 2,000,000.00 4.550 AAA 4.549 1,738 09/04/2013 31359MU68 3694 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,054,380.00 2,031,108.45 5.375 AAA 3.119 257 08/15/2009 31359MEY5 3695 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,075,000.00 2,053,579.56 6.625 AAA 3.150 288 09/15/2009 31359MEY5 3699 Fed.Nat'l Mort.Assoc. 11/20/2008 1,198,000.00 1,242,925.00 1,241,088.36 6.625 AAA 2.001 288 09/15/2009 Subtotal and Average 118,213,532.23 117,235,000.00 118,603,312.50 117,390,753.47 3.706 791 Local Agency Investment Funds SYS982 982 Laif City 24,263,250.62 24,263,250.62 24,263,250.62 2.568 NR 2.568 1 SYS2206 2206 LAIF-Redevelopment Agency 29,999,952.49 29,999,952.49 29,999,952.49 2.568 NR 2.568 1 Subtotal and Average 47,736,536.44 64,263,203.11 54,263,203.11 54,263,203.11 2.568 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000.00 2,056,400.00 2,000,391.77 4.875 AAA 4.834 257 08/15/2009 9128281-1139 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,045,620.00 2,027,808.10 4.000 AAA 2.099 273 08/31/2009 9128275N8 3683 US Treasury Notes 09/24/2008 2,000,000.00 2,072,040.00 2,055,106.73 6.000 AAA 2.032 257 08/15/2009 Portfolio CITY AP Run Date:12/11/2008-16:45 PM(PRF_PM2)SyrnRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Investments November 30, 2008 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Subtotal and Average 6,087,914.82 6,000,000.00 6,174,060.00 6,083,306.60 2.976 262 Medium Term Notes 084664AF8 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,007,260.00 1,969,837.19 4.200 Aaa 5.023 744 12/15/2010 Subtotal and Average 1,969,241.33 2,000,000.00 2,007,260.00 1,969,837.19 5.023 744 Commercial Paper Disc.-Amortizing 36959HNP8 3672 General Electric Capital Corp 09/15/2008 2,000,000.00 1,993,380.00 1,992,167.78 2.660 P-1 2.723 53 01/23/2009 36959HN94 3675 General Electric Capital Corp 09/16/2008 2,000,000.00 1,995,680.00 1,994,475.00 2.550 P-1 2.607 39 01/09/2009 36959HPL5 3676 General Electric Capital Corp 09/16/2008 2,000,000.00 1,988,440.00 1,987,985.00 2.670 P-1 2.739 81 02/20/2009 36959HP68 3677 General Electric Capital Corp 09/16/2008 2,000,000.00 1,990,440.00 1,990,210.56 2.630 P-1 2.695 67 02/06/2009 Subtotal and Average 10,620,949.22 8,000,000.00 7,967,940.00 7,964,838.34 2.691 60 Federal Agency Disc.-Amortizing 313396T45 3659 Federal Home Loan Mort Corp 06/16/2008 2,000,000.00 1,999,800.00 1,997,954.44 2.630 AAA 2.740 14 12/15/2008 313589HQ9 3693 Fed.Nat'l Mort.Assoc. 10/24/2008 2,377,000.00 2,358,697.10 2,335,652.08 2.940 AAA 3.073 213 07/02/2009 Subtotal and Average 4,328,673.15 4,377,000.00 4,368,497.10 4,333,606.52 2.919 121 Treasury Discounts-Amortizing Subtotal and Average 799,731.11 Total and Average 189,756,578.31 191,875,203.11 193,374,272.71 192,005,545.23 3.315 505 Portfolio CITY AP Run Date:12/11/2008-16:45 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 5 Portfolio Details - Cash November 30, 2008 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 183,200.58 183,200.58 0 Subtotal 183,200.58 183,200.58 Total Cash and Investments 189,756,578.31 191,875,203.11 193,557,473.29 192,188,745.81 3.315 505 Portfolio CITY AP Run Date:12/11/2008-16:45 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 6 Activity By Type November 1, 2008 through November 30, 2008 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331YB25 3631 Federal Farm Credit Bank 2.625 11/25/2008 0.00 2,000,000.00 3133XHNL2 3437 Federal Home Loan Bank 5.250 11/03/2008 0.00 2,000,000.00 3128X7SL9 3649 Federal Home Loan Mort Corp 2.500 11/15/2008 0.00 2,000,000.00 3134A4US1 3698 Federal Home Loan Mort Corp 4.250 11/20/2008 1,687,179.30 0.00 31359MEY5 3699 Fed.Nat'l Mort.Assoc. 6.625 11/20/2008 1,242,757.28 0.00 Subtotal 2,929,936.58 6,000,000.00 117,390,753.47 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 2.568 14,400,000.00 5,800,000.00 Subtotal 14,400,000.00 5,800,000.00 54,263,203.11 Treasury Securities-Coupon Subtotal 6,083,306.60 Medium Term Notes Subtotal 1,969,837.19 Commercial Paper Disc.-Amortizing 02581RLE1 3673 American Express 2.630 11/14/2008 0.00 2,000,000.00 02581RLU5 3674 American Express 2.630 11/28/2008 0.00 2,000,000.00 Subtotal 0.00 4,000,000.00 7,964,838.34 Federal Agency Disc.-Amortizing Subtotal 4,333,606.52 Treasury Discounts-Amortizing 9127951-161 3660 United States Treasury Bills 2.200 11/13/2008 0.00 2,000,000.00 Subtotal 0.00 2,000,000.00 0.00 Total 17,329,936.58 17,800,000.00 192,005,545.23 Portfolio CITY AP Run Date:12/11/2008-16:45 PM(PRF_PM3)SyrnRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 7 Activity Summary November 2007 through November 2008 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity November 2007 77 202,206,117.59 4.690 4.755 4.962 9 17 698 371 December 2007 87 212,710,842.34 4.544 4.607 4.801 19 9 664 377 January 2008 91 233,636,809.52 4.409 4.470 4.620 15 11 667 407 February 2008 84 228,014,150.58 4.212 4.271 4.161 5 12 686 430 March 2008 81 219,765,603.57 4.027 4.083 3.777 5 8 695 439 April 2008 88 220,642,095.52 3.785 3.837 3.400 14 7 665 454 May 2008 94 238,678,019.73 3.657 3.708 3.072 15 9 696 504 June 2008 93 238,795,438.00 3.551 3.601 2.894 5 6 654 473 July 2008 87 228,997,955.43 3.569 3.619 2.787 2 8 701 509 August 2008 74 204,646,757.05 3.458 3.506 2.779 1 14 684 483 September 2008 72 196,403,906.46 3.391 3.438 2.774 17 19 675 499 October 2008 76 195,260,549.78 3.337 3.383 2.709 14 10 685 531 November 2008 72 189,756,578.31 3.270 3.315 2.568 2 6 667 505 Average 83 216,139,209.86 3.838% 3.892% 3.485 9 10 680 460 Portfolio CITY AP Run Date:12/11/2008-16:45 PM(PRF_PM4)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type November 2007 through November 2008 November December January February March April May June July August September October November Average Security Type 2007 2007 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 46.3 46.3 53.5 57.2 58.0 55.2 55.1 52.3 54.2 53.1 54.1 62.6 61.1 54.5% Local Agency Investment Funds 28.0 26.2 24.0 26.5 25.3 25.2 23.6 24.8 21.8 27.7 28.5 23.7 28.3 25.7% Treasury Securities-Coupon 4.9 7.0 6.8 8.0 8.4 8.6 9.2 9.1 8.4 6.1 5.2 3.2 3.2 6.8% Medium Term Notes 1.9 1.7 1.7 1.8 1.8 1.7 1.6 1.6 1.8 2.0 2.0 1.0 1.0 1.7% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 10.7 10.5 7.6 3.5 1.9 1.7 0.8 0.9 1.0 6.1 6.2 4.2 4.2% Federal Agency Disc.-Amortizing 7.3 8.3 6.4 3.1 4.6 7.6 8.1 8.1 9.1 6.0 3.1 2.3 2.3 5.9% Treasury Discounts-Amortizing 1.0 2.5 3.3 3.7 4.1 1.0 1.0 1.3% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:12/11/2008-16:45 PM(PRF_PM5)SymRept 6.42 Report Ver.5.00 City of H13 Portfolio Management Page 9 Interest Earnings Summary November 30, 2008 November 30 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 320,722.22 887,314.45 Plus Accrued Interest at End of Period 1,135,098.50 1,135,098.50 Less Accrued Interest at Beginning of Period ( 1,036,305.99) ( 1,181,923.61) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 419,514.73 840,489.34 Adjusted by Premiums and Discounts 4,312.20 23,979.76 Adjusted by Capital Gains or Losses 0.00 1,200.00 Earnings during Periods 423,826.93 865,669.10 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 0.00 357,521.55 Plus Accrued Interest at End of Period 222,165.88 222,165.88 Less Accrued Interest at Beginning of Period ( 121,409.09) ( 359,492.69) Interest Earned during Period 100,756.79 220,194.74 Total Interest Earned during Period 520,271.52 1,060,684.08 Total Adjustments from Premiums and Discounts 4,312.20 23,979.76 Total Capital Gains or Losses 0.00 1,200.00 Total Earnings during Period 524,583.72 1,085,863.84 Portfolio CITY AP Run Date:12/11/2008-16:45 PM(PRF_PM6)SymRept 6.42 Report Ver.5.00 State of California Pooled Money Investment Account Market Valuation 11/30/2008 Y` Gar ying�Cost Pius � . sbescr�p#pan Accrued Interest Porch Fair V�af a _ Accrued Interest United States Treasury: Bills $ 6,105,008,516.00 $ 6,170,452,000.00 NA Notes $ 3,489,067,713.44 $ 3,489,926,000.00 $ 58,995,808.00 Federal Agency: SBA $ 561,327,561.98 $ 548,315,294.26 $ 2,192,215.69 MBS-REMICs $ 1,077,372,325.53 $ 1,074,527,033.41 $ 5,116,337.48 Debentures $ 3,453,836,139.27 $ 3,492,651,514.50 $ 51,842,959.71 Debentures FIR $ 6,335,782,085.12 $ 6,330,034,670.00 $ 23,119,956.06 Discount Notes $ 3,489,866,519.49 $ 3,534,827,200.00 NA FHLMC PC $ 6,593.58 $ 6,742.50 $ 114.17 GNMA $ 146,647.95 $ 169,450.28 $ 1,452.38 CDs and YCDs FIR $ - $ - $ - Bank Notes $ - $ - $ - CDs and YCDs $ 3,400,008,351.38 $ 3,399,998,041.50 $ 12,703,777.78 Commercial Paper $ 4,791,358,409.67 $ 4,797,335,097.21 NA Corporate: Bonds FIR $ 229,301,608.63 $ 221,465,604.08 $ 727,661.30 Bonds $ 104,134,401.22 $ 103,744,864.45 $ 1,157,813.41 Repurchase Agreements $ - NA Reverse Repurchase $ (98,500,000.00) $ (98,500,000.00) $ (48,322,458.33) Time Deposits $ 8,518,000,000.00 $ 8,518,000,000.00 NA AB 55&GF Loans $ 21,194,853,268.08 $ 21,194,853,268.08 NA TOTAL $ 62,651,570,141.34 $ 62,777,806,780.27 $ 107,535,637.65 Fair Value Including Accrued Interest $ 62,885,342,417.92 Repurchase Agreements, Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). ATTACHMENT #2 Schedule of Bond Investments Held by Fiscal Agent as of October 31, 2008 Summary of investments by type Market Value Market Value Par Value Investment Type as of 9/30/08 as of 10/31/08 $5,787,086 Local Agency Investment Fund (LAIF) $5,774,184 $5,787,086 $0 Federal Agency Issues $0 $0 $8,244,745 Investment Agreements $8,244,688 $6,799,528 $3,390,864 Money Market Funds $2,104,519 $3,390,864 $0 US Treasury Securities $0 $0 $17,422,695 $16,123,391 $15,977,478 Summary of Investments by Bond Issue Market Value Market Value Par value Bond Issue Description as of 9/30/08 as of 10/31/08 $2,503,313 City of Huntington Beach-2004 Judgment Obligation Bonds(Property Tax Refunds) $2,503,139 $2,503,313 $2,168,836 City of Huntington Beach-2003-1 Community Facilities District(Huntington Center- Bella Terra) $2,155,169 $2,168,836 $1,649,613 Redevelopment Agency of Huntington Beach-2002 Tax Allocation Refunding Bonds $1,649,613 $1,649,613 $517,869 Huntington Beach Community Facilities District No.2002-1 (McDonnell Centre Business Park) $519,598 $517,869 $2,043,156 Huntington Beach PFA- 2001 Series A(South Beach Improvements&Central Park Sports Complex) $2,043,048 $2,043,156 $2,696,983 Huntington Beach PFA- 2001 Series B (1993 Civic Center&Police Administration Bldg. Refinance) $2,696,912 $2,696,983 $1,251,825 City of Huntington Beach-2001 Community Facilities District(Grand Coast-Hyatt) $1,252,394 $1,251,825 $173,657 City of Huntington Beach-90-1 Community Facilities District Special Tax Refunding $310,428 $173,657 $1,449,233 Huntington Beach PFA-2000 Series A(Water System Impv., Beach Mnt. Facility, Energy Retrofit, SB Phase 1) $1,448,836 $1,449,233 $759,172 Redevelopment Agency of Huntington Beach- 1999 Tax Allocation Refunding Bonds $759,172 $759,172 $619,736 Huntington Beach Public Finance Authority- Lease Revenue Bonds, 1997 Public Facilities Project $619,664 $619,736 $144,085 City of Huntington Beach-Multi-Family Mortgage Revenue Refunding Bonds(Huntington Breakers) $165,418 $144,085 $0 HB Public Finance Authority 1992 Revenue Bonds $0 $0 $15,977,478 $16,123,391 $15,977,478 ATTACHMENT #3 City of Huntington Beach Deferred Compensation Plan Summary Information as of September 30, 2008 Ending Contributions Distributions/ Earnings Other Ending Balance Transfers (change in value) Balance (6-30-08) (9-30-08) ICMA Retirement Corporation (457 Plan) $25,559,353 $590,898 ($247,629) ($1,782,856) ($170) $24,119,596 ICMA Retirement Corporation (401 Plan) $910,854 $21,243 $0 ($55,993) $0 $876,104 Nationwide Retirement Solutions (457 Plan) $53,601,365 $892,229 ($1,054,836) ($3,052,008) ($200) $50,386,550 Total Deferred Compensation Plan Balances $80,071,572 $1,504,370 ($1,302,465) ($4,890,857) ($370) $75,382,250 ATTAC H M E N T #4 City of Huntington Beach Retiree Medical Trust Information as of September 30, 2008 Beginning Balance Contributions Distributions/ Earnings Other Ending (6-30-08) Transfers (change in value) Balance (9-30-08) CalPERS Retiree Medical Trust Account $8,730,245 $0 $0 ($860,490) $0 $7,869,755 ATTACHMENT #5 _, Treasurer"s Report - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM November Treasurer' s Report r y a Shari L . Freidenrich , CPA, CCMT CPFA, CPFIM January 20, 2009 Treasurer's Deport - Shari L. Freidenrich, CPA, CCMT, CPFA, CPFIM Financial Information: October November Inc./(Dec.) End of Month City Portfolio $192.471 $192.006 ($0.465) End of Month Market Value $192.619 $193.374 $0.755 Interest Earned for Month $0.558 $0.525 ($0.033) Earned Interest Yield Year to Date 3.37% 3.37% 0.00% Average Maturity ( in days) 531 505 (26) YTD Average Daily Balance $195.261 $192.554 ($2.707) Summary by Type: November %® of Total Policy Limit Days to Mat. Rate Federal Agy - Coupon $117.391 61 % None 791 3.71 % LAIF (State Pool) $54.263 28% $60 million 1 2.57% U.S.Treasury Notes $6.083 3% None 262 2.98% Medium Term Notes $1 .970 1 % 20% 744 5.02% Discount Comm. Paper $7.965 4% 25% 60 2.69% Discount Federal Agy 4.334 3% None 121 2.92% Total $192.006 100% 505 3.32% RCA ROUTING SHEET INITIATING DEPARTMENT: City Treasurer SUBJECT: Review and Accept City Treasurer's October 2008 Investment Summary Report COUNCIL MEETING DATE: January 20, 2009 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Ap licable Staff Report (If applicable) Attached Not A l!cable ❑ Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXFILAHAT OM FOR �`v M 9MG AT 1f ACHVUvIi EWS REVIEWED RETURNED FORWAADED Administrative Staff ( ) ) Deputy City Administrator (Initial) ( ) ( ) City Administrator (Initial) ( ) ) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: (Below SDade Pot'City:cldrl(�s • RCA Author: SLF Council/Agency Meeting Held: . Deferred/Continued to: Approved ❑ conditionally Approved ❑ Denied Cit� ier s,'5ignt� Council Meeting Date: 3/16/2009 Department ID Number: CT 09-008 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS i SUBMITTED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR PREPARED BY: SHARI L. FREIDENRICH, CPA, CITY TREASUR SUBJECT: REVIEW AND ACCEPT CITY TREASURER'S JANUARY 2009 INVESTMENT SUMMARY REPORT Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Review and accept the Monthly Investment Report for January 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Funding Source: Not Applicable. Recommended Action: Motion to: Review and accept the Monthly Investment Report. Following review of the report by motion of Council, accept the Monthly Investment Report for January 2009, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. Alternative Action(s): Deny or critique monthly report. Analysis: Not Applicable. Strategic Plan Goal: E-1: Engaging the Community — Increase community involvement by educating residents; C-2: City Service — Provide quality public services with the highest professional standards. Environmental Status: Not Applicable. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 3/16/2009 DEPARTMENT ID NUMBER: CT 09-008 Attachrnent(s): a - ® ® - o m 1. Monthly Investment Report and Summary of Investments for January 2009 2. Schedule of Bond Investments 3. Deferred Compensation Plan Summary Information 4. Retiree Medical Trust Investments 5. January 2009 PowerPoint Presentation -2- 3/2/2009 3:47 PM ATTACHMENT # 1 City of Huntington Beach Summary of City Investment Portfolio, Bond Proceeds, Retiree Medical and Deferred Compensation Activity for January 2009 City Investment Portfolio: December January Inc./(Dec.) End of month City Portfolio Balance $209,879,782 $210,528,812 $649,030 End of Month Market Value $211,877,363 $212,223,546 $346,183 End of month General Fund Balance $33,561,127 $38,501,688 $4,940,561 Monthly Effective Rate of Return 3.21% 2.92% -0.29% Average Maturity ( in days) 487 466 (21) End of month bank cash balance $5,552,080 $4,666,728 ($885,352) Bond Proceeds Investments:* November December Inc./(Dec.) End of Month Bond Reserve Par Value $16,497,564 $16,026,265 ($471,299) End of Month Bond Reserve Market Value $16,497,564 $16,026,265 ($471,299) Deferred Compensation Investments:** September December Inc./(Dec.) Participant Balances $75,382,250 $68,561,196 ($6,821,054) Retiree Medical Trust:** September December Inc./(Dec.) Trust Balance $7,869,755 $6,465,748 ($1,404,007) Comparison to Budget/City Portfolio: Budget Actual Inc./(Dec.) Interest Earned for Month $445,417 $517,809 $72,392 Interest Earned Year to Date $1,781,667 $2,137,521 $355,854 Earned Interest Yield Year to Date 3.50% 3.19% -0.31% Average Daily Balance $152,714,286 $198,679,711 $45,965,425 *Bond Proceeds Statements are issued monthly and may lag by more than one month. **Deferred Compensation and Medical Retiree Statements are issued quarterly. Summary by Individual Investment in City Investment Portfolio: Days YTM Int. January % of Total Policy Limit to Mat. Rate Federal Agency Issues-Coupon $120,620,652 57% None 768 3.55% Local Agency Inv. Fund (LAIF) $56,563,352 27% 60 million 1 2.05% Treasury Securities-Coupon $6,063,602 3% None 200 2.98% Medium Term Notes $1,972,303 1% 20% 682 5.02% Commercial Paper Disc. -Amortizing $22,961,215 11% 25% 105 0.90% Federal Agency Disc. -Amortizing $2,347,688 1% None 151 3.07% $210,528,812 100% 466 2.85% \\NTINGj�2 O` NGO0.P ORA)EO City of Huntington Beach -9= City of 1-913 2000 Main St Huntington Beach Portfolio Management 9��jF FE9.II 1909.A��\(�OQ Portfolio Summary V �DUNTY�P January 31, 2009 Par Market Book %of Days to YTM YTM Investments Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. Federal Agency Issues-Coupon 120,260,000.00 122,177,307.94 120,620,652.56 57.29 1,008 768 3.503 3.552 Local Agency Investment Funds 56,563,352.03 56,563,352.03 56,563,352.03 26.87 1 1 2.018 2.046 Treasury Securities-Coupon 6,000,000.00 6,146,580.00 6,063,602.47 2.88 613 200 2.938 2.979 Medium Term Notes 2,000,000.00 2,056,640.00 1,972,302.81 0.94 1,428 682 4.954 5.023 Commercial Paper Disc.-Amortizing 23,000,000.00 22,907,420.00 22,961,214.72 10.91 148 105 0.885 0.897 Federal Agency Disc.-Amortizing 2,377,000.00 2,372,246.00 2,347,687.63 1.12 251 151 3.031 3.073 210,200,352.03 212,223,545.97 210,528,812.22 100.00% 628 466 2.811 2.850 Investments Cash and Accrued Interest Accrued Interest at Purchase 304,896.08 304,896.08 Subtotal 304,896.08 304,896.08 Total Cash and Investments 210,200,352.03 212,528,442.05 210,833,708.30 628 466 2.811 2.850 Total Earnings January 31 Month Ending Fiscal Year To Date Fiscal Year Ending Current Year 517,809.46 2,137,521.46 Current Budget 445,416.67 1,781,666.67 5,345,000.00 Last Year Actual 885,365.69 3,355,168.45 8,923,191.10 Average Daily Balance 209,134,703.76 198,679,710.61 Effective Rate of Return 2.92% 3.19% 1 certify that this report accurately reflects all City and Redevelopment Agency pooled investments and is in conformity with all State laws and the investment policy statement filed with the City Council on December 15,2008. A copy of this policy is available at the office of the City Clerk.The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations—Market Values womided by Union Bank via Interactive Data Corporation. 2- Z.3'v 9 S I L.FRE ENRICH,CPA,CITY TREASURER Reporting period 01101/2009-01131/2009 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM1)SymRept6.42 Report Ver.5.00 City of 1-113 Portfolio Management Page 2 Portfolio Details - Investments January 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 31331XC67 3537 Federal Farm Credit Bank 06/08/2007 2,000,000.00 2,031,880.00 1,999,336.78 5.050 AAA 5.150 127 06/08/2009 31331YZS2 3629 Federal Farm Credit Bank 04/01/2008 2,000,000.00 2,010,000.00 2,000,000.00 4.000 AAA 4.000 1,520 04/01/2013 31331YF88 3637 Federal Farm Credit Bank 04/22/2008 2,000,000.00 2,000,620.00 1,994,423.00 4.125 AAA 4.199 1,541 04/22/2013 31331GBC2 3670 Federal Farm Credit Bank 09/15/2008 2,000,000.00 2,025,620.00 2,000,000.00 3.300 AAA 3.300 591 09/15/2010 31331GBS7 3678 Federal Farm Credit Bank 09/17/2008 2,000,000.00 2,022,500.00 2,008,138.89 3.100 AAA 2.841 593 09/17/2010 31331 GCHO 3680 Federal Farm Credit Bank 09/29/2008 2,000,000.00 2,030,620.00 2,000,000.00 3.750 AAA 3.750 970 09/29/2011 31331XH47 3713 Federal Farm Credit Bank 01/09/2009 2,025,000.00 2,071,838.25 2,072,911.50 5.250 AAA 0.555 183 08/03/2009 3133XGYQ1 3424 Federal Home Loan Bank 09/15/2006 2,000,000.00 2,050,620.00 2,000,000.00 5.300 AAA 5.300 956 09/15/2011 3133XJV88 3487 Federal Home Loan Bank 02/12/2007 2,000,000.00 2,002,500.00 2,000,000.00 5.300 AAA 5.300 922 08/12/2011 3133XLC50 3538 Federal Home Loan Bank 06/12/2007 2,000,000.00 2,032,500.00 2,000,000.00 5.550 AAA 5.550 1,227 06/12/2012 3133XLA86 3540 Federal Home Loan Bank 06/15/2007 2,000,000.00 2,031,880.00 1,998,284.72 5.350 AAA 5.419 499 06/15/2010 3133XL022 3546 Federal Home Loan Bank 07/20/2007 2,000,000.00 2,121,260.00 2,000,000.00 5.600 AAA 5.600 1,265 07/20/2012 3133XNPTO 3588 Federal Home Loan Bank 12/17/2007 2,000,000.00 2,059,380.00 2,000,000.00 4.500 AAA 4.500 1,415 12/17/2012 3133XNX46 3607 Federal Home Loan Bank 01/15/2008 2,000,000.00 2,054,380.00 2,000,000.00 4.200 AAA 4.200 1,444 01/15/2013 3133XNZC6 3610 Federal Home Loan Bank 01/29/2008 2,000,000.00 2,055,000.00 2,000,000.00 4.150 AAA 4.150 1,458 01/29/2013 3133XPB29 3622 Federal Home Loan Bank 02/13/2008 2,000,000.00 2,000,000.00 1,988,706.67 3.850 AAA 4.006 1,473 02/13/2013 3133XGEQ3 3641 Federal Home Loan Bank 04/23/2008 2,000,000.00 2,046,880.00 2,025,704.24 5.250 AAA 2.672 185 08/05/2009 3133XR7F1 3648 Federal Home Loan Bank 05/12/2008 2,000,000.00 2,018,760.00 2,000,000.00 2.450 AAA 2.451 192 08/12/2009 3133XR6M7 3653 Federal Home Loan Bank 05/15/2008 2,000,000.00 2,019,380.00 1,999,196.43 2.500 AAA 2.579 193 08/13/2009 3133XS3F3 3666 Federal Home Loan Bank 08/27/2008 2,000,000.00 2,027,500.00 2,000,000.00 3.450 AAA 3.450 572 08/27/2010 3133XS5M6 3667 Federal Home Loan Bank 09/25/2008 2,000,000.00 2,028,760.00 2,000,000.00 3.000 AAA 3.000 236 09/25/2009 3133XS7E2 3671 Federal Home Loan Bank 09/17/2008 2,000,000.00 2,053,760.00 2,000,000.00 4.150 AAA 4.150 1,689 09/17/2013 3133XSA73 3684 Federal Home Loan Bank 09/29/2008 2,000,000.00 2,006,260.00 1,993,436.62 2.800 AAA 3.319 235 09/24/2009 3133XSDY1 3688 Federal Home Loan Bank 10/09/2008 2,000,000.00 2,025,000.00 2,008,528.97 3.560 AAA 2.521 149 06/30/2009 3133XQZM7 3689 Federal Home Loan Bank 10/16/2008 2,000,000.00 2,018,760.00 1,995,957.87 2.530 AAA 2.951 177 07/28/2009 3133XSGXO 3690 Federal Home Loan Bank 10/17/2008 2,000,000.00 2,000,620.00 1,996,086.05 1.900 AAA 2.951 67 04/09/2009 3133XSE87 3691 Federal Home Loan Bank 10/15/2008 2,000,000.00 2,022,500.00 2,000,000.00 4.050 AAA 4.052 894 07/15/2011 3128X3K85 3266 Federal Home Loan Mort Corp 11/18/2004 2,000,000.00 2,050,420.00 2,000,000.00 4.125 AAA 4.125 290 11/18/2009 3128X7NF7 3644 Federal Home Loan Mort Corp 05/05/2008 2,000,000.00 2,063,500.00 1,997,886.67 3.375 AAA 3.438 642 11/05/2010 3128X7JK1 3646 Federal Home Loan Mort Corp 05/06/2008 2,000,000.00 2,064,320.00 1,990,421.04 3.250 AAA 3.480 802 04/14/2011 3128X7SK1 3650 Federal Home Loan Mort Corp 05/27/2008 2,000,000.00 2,045,200.00 2,000,000.00 3.250 AAA 3.250 845 05/27/2011 3128X7SV7 3655 Federal Home Loan Mort Corp 05/23/2008 2,000,000.00 2,060,480.00 1,979,132.05 3.700 AAA 4.002 1,391 11/23/2012 3128X7SW5 3657 Federal Home Loan Mort Corp 05/29/2008 2,000,000.00 2,017,320.00 1,987,005.03 3.800 AAA 4.013 1,213 05/29/2012 3137EAAT6 3682 Federal Home Loan Mort Corp 09/23/2008 2,000,000.00 2,031,880.00 2,014,168.99 5.000 AAA 2.996 130 06/11/2009 3128X7X74 3685 Federal Home Loan Mort Corp 10/01/2008 2,000,000.00 2,005,680.00 1,997,071.83 4.000 AAA 4.059 957 09/16/2011 3128X67H3 3687 Federal Home Loan Mort Corp 10/09/2008 2,000,000.00 2,003,340.00 1,996,095.89 3.250 AAA 3.431 402 03/10/2010 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM2)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 3 Portfolio Details - Investments January 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Federal Agency Issues-Coupon 3134A3EM4 3692 Federal Home Loan Mort Corp 10/24/2008 1,375,000.00 1,383,593.75 1,379,788.51 5.750 AAA 2.851 42 03/15/2009 3128X67H3 3696 Federal Home Loan Mort Corp 10/27/2008 2,000,000.00 2,003,340.00 1,991,906.69 3.250 AAA 3.625 402 03/10/2010 3128X72Q6 3697 Federal Home Loan Mort Corp 10/27/2008 1,000,000.00 1,012,190.00 998,285.51 3.375 AAA 3.480 614 10/08/2010 3134A4US1 3698 Federal Home Loan Mort Corp 11/20/2008 1,662,000.00 1,690,054.56 1,679,571.94 4.250 AAA 1.900 164 07/15/2009 3128X8BD3 3702 Federal Home Loan Mort Corp 12/17/2008 2,000,000.00 2,003,140.00 2,000,000.00 1.250 AAA 1.250 319 12/17/2009 3136F8YW9 3587 Fed.Nat'l Mort.Assoc. 12/14/2007 2,000,000.00 2,051,880.00 2,000,000.00 4.600 AAA 4.600 1,412 12/14/2012 31398ANH1 3625 Fed.Nat'l Mort.Assoc. 03/17/2008 2,000,000.00 2,002,500.00 2,000,000.00 3.250 AAA 3.249 754 02/25/2011 31398AQN5 3639 Fed,Nat'I Mort.Assoc. 04/28/2008 2,000,000.00 2,044,380.00 1,998,137,50 3.050 AAA 3.128 451 04/28/2010 31398AQW5 3642 Fed.Nat'l Mort.Assoc. 05/08/2008 2,000,000.00 2,017,500.00 2,000,000.00 4.250 AAA 4.250 1,557 05/08/2013 3136F9MN0 3643 Fed.Nat'l Mort.Assoc. 04/29/2008 2,000,000.00 2,083,120.00 1,998,302.22 4.000 AAA 4.022 1,548 04/29/2013 3136F9WQ2 3661 Fed.Nat'l Mort.Assoc. 07/02/2008 2,000,000.00 2,024,380.00 2,000,000.00 4.000 AAA 4.000 516 07/02/2010 31359MU68 3681 Fed.Nat'l Mort.Assoc. 09/23/2008 2,000,000.00 2,050,620.00 2,025,701.99 5.375 AAA 2.938 195 08/15/2009 31398ATR3 3686 Fed.Nat'l Mort.Assoc. 10/06/2008 2,000,000.00 2,041,880.00 2,000,000.00 4.550 AAA 4.549 1,676 09/04/2013 31359MU68 3694 Fed.Natl Mort.Assoc. 10/24/2008 2,000,000.00 2,050,620.00 2,023,760.00 5.375 AAA 3.119 195 08/15/2009 31359MEY5 3695 Fed.Nat'l Mort.Assoc. 10/24/2008 2,000,000.00 2,070,620.00 2,042,259.94 6.625 AAA 3.150 226 09/15/2009 31359MEY5 3699 Fed.Nat'l Mort.Assoc. 11/20/2008 1,198,000.00 1,240,301.38 1,231,985.19 6.625 AAA 2.001 226 09/15/2009 31398ATM4 3700 Fed.Nat'l Mort.Assoc. 12/10/2008 3,000,000.00 3,048,750.00 3,033,351.18 4.000 AAA 3.541 936 08/26/2011 3136179Y23 3701 Fed.Nat'l Mort.Assoc. 12/10/2008 2,000,000.00 2,005,620.00 2,000,000.00 2,500 AAA 2.500 494 06/10/2010 31398ASX1 3703 Fed.Nat'l Mort.Assoc. 12/15/2008 2,000,000.00 2,026,880.00 2,025,905.43 3.750 AAA 2.863 549 08/04/2010 31398ATAO 3704 Fed.Nat'l Mort.Assoc. 12/15/2008 2,000,000.00 2,030,620.00 2,028,707.80 4.330 AAA 3.719 907 07/28/2011 31398ATM4 3707 Fed.Nat'l Mort.Assoc. 12/22/2008 2,000,000.00 2,032,500.00 2,031,952.80 4.000 AAA 3.343 936 08/26/2011 3136F9UY7 3708 Fed.Nat'l Mort.Assoc. 12/22/2008 2,000,000.00 2,023,760.00 2,027,375.39 4.260 AAA 3.755 1,055 12/23/2011 3136F9D75 3710 Fed.Nat'l Mort.Assoc. 12/30/2008 2,000,000.00 2,031,260.00 2,042,970.71 4.500 AAA 3.979 1,668 08/27/2013 31398ARD6 3712 Fed.Nat'l Mort.Assoc. 01/09/2009 2,000,000.00 2,015,000.00 2,018,196.52 3.600 AAA 3.185 837 05/19/2011 3136F94M2 3714 Fed.Nat'l Mort.Assoc. 01/27/2009 2,000,000.00 1,981,880.00 2,000,000.00 2.000 AAA 2.000 1,090 01/27/2012 Subtotal and Average 121,516,061.15 120,260,000.00 122,177,307.94 120,620,652.56 3.552 768 Local Agency Investment Funds SYS982 982 Laif City 26,563,352.03 26,563,352.03 26,563,352.03 2.046 NR 2.046 1 SYS2206 2206 LAIF-Redevelopment Agency 30,000,000.00 30,000,000.00 30,000,000.00 2.046 NR 2.046 1 Subtotal and Average 59,743,929.94 56,563,352.03 56,563,352.03 56,563,352.03 2.046 - 1 Treasury Securities-Coupon 912828FPO 3435 US Treasury Notes 10/25/2006 2,000,000,00 2,047,040.00 2,000,297.26 4.875 AAA 4.834 195 08/15/2009 9128281-169 3635 US Treasury Notes 04/21/2008 2,000,000.00 2,040,400.00 2,021,492.71 4.000 AAA 2.099 211 08/31/2009 9128275N8 3683 US Treasury Notes 09/24/2008 2,000,000.00 2,059,140.00 2,041,812.50 6.000 AAA 2.032 195 08/15/2009 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 4 Portfolio Details - Investments January 31, 2009 Average Purchase Stated YTM Days to Maturity CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Date Subtotal and Average 6,068,369.59 6,000,000.00 6,146,580.00 6,063,602.47 2.979 200 Medium Term Notes 084664AFB 3475 Berkshire Hathaway Fin 01/17/2007 2,000,000.00 2,056,640.00 1,972,302.81 4.200 Aaa 5.023 682 12/15/2010 Subtotal and Average 1,971,726.17 2,000,000.00 2,056,640.00 1,972,302.81 5.023 682 Commercial Paper Disc.-Amortizing 17314GR35 3705 Citigroup Insured 12/16/2008 2,000,000.00 1,997,160.00 1,998,542.78 0.430 P-1 0.437 61 04/03/2009 17314GRH4 3706 Citigroup Insured 12/16/2008 2,000,000.00 1,995,240.00 1,997,791.67 0.530 P-1 0.538 75 04/17/2009 17314GTK5 3715 Citigroup Insured 01/20/2009 2,000,000.00 1,988,740.00 1,995,936.66 0.530 P-1 0.539 138 06/19/2009 17314GU64 3716 Citigroup Insured 01/22/2009 2,000,000.00 1,986,920.00 1,995,263.89 0.550 P-1 0.559 155 07/06/2009 36959HPL5 3676 General Electric Capital Corp 09/16/2008 2,000,000.00 1,999,600.00 1,997,181.67 2.670 P-1 2.739 19 02120/2009 36959HP68 3677 General Electric Capital Corp 09/16/2008 2,000,000.00 1,999,940.00 1,999,269.44 2.630 P-1 2.695 5 02/06/2009 36161CTS1 3709 GE Capital Insured 12/29/2008 2,000,000.00 1,988,160.00 1,996,133.34 0.480 P-1 0.488 145 06/26/2009 36161CS11 3711 GE Capital Insured 12/30/2008 3,000,000.00 2,991,480.00 2,998,294.17 0.230 P-1 0.233 89 05/01/2009 36161CTN2 3717 GE Capital Insured 01/22/2009 2,000,000.00 1,988,480.00 1,995,456.66 0.580 P-1 0.589 141 06/22/2009 36161CUD2 3718 GE Capital Insured 01/28/2009 2,000,000.00 1,986,320.00 1,993,880.00 P-1 0.692 162 07/13/2009 36161CUQ3 3719 GE Capital Insured 01/28/2009 2,000,000.00 1,985,380.00 1,993,464.44 0.680 P-1 0.692 173 07/24/2009 Subtotal and Average 17,489,841.10 23,000,000.00 22,907,420.00 22,961,214.72 0.897 105 Federal Agency Disc.-Amortizing 313589HQ9 3693 Fed.Nat'l Mort.Assoc. 10/24/2008 2,377,000.00 2,372,246.00 2,347,687.63 2.940 AAA 3.073 151 07/02/2009 Subtotal and Average 2,344,775.80 2,377,000.00 2,372,246.00 2,347,687.63 3.073 151 Total and Average 209,134,703.76 210,200,352.03 212,223,645.97 210,528,812.22 2.850 466 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM2)SymRept 6.42 City of HB Portfolio Management Page 5 Portfolio Details -Cash January 31, 2009 Average Purchase Stated YTM Days to CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate Moody's 365 Maturity Average Balance 0.00 Accrued Interest at Purchase 304,896.08 304,896.08 0 Subtotal 304,896.08 304,896.08 Total Cash and Investments 209,134,703.76 210,200,352.03 212,528,442.05 210,833,708.30 2.850 466 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM2)SymRept 6.42 City of FiB Portfolio Management Page 6 Activity By Type January 1, 2009 through January 31, 2009 Stated Transaction Purchases Redemptions CUSIP Investment# Issuer Rate Date or Deposits or Withdrawals Balance Federal Agency Issues-Coupon 31331YXN5 3640 Federal Farm Credit Bank 3.470 01/21/2009 0.00 1,996,751.20 31331XH47 3713 Federal Farm Credit Bank 5.250 01/09/2009 2,078,703.00 0.00 3133XSBP2 3679 Federal Home Loan Bank 3.000 01/02/2009 0.00 2,000,000.00 3128X6YJ9 3608 Federal Home Loan Mort Corp 4.500 01/09/2009 0.00 2,000,000.00 3128X7S39 3665 Federal Home Loan Mort Corp 3.150 01/28/2009 0.00 2,000,000.00 31398ARD6 3712 Fed.Nat'l Mort.Assoc. 3.600 01/09/2009 2,018,680.00 0.00 3136F94M2 3714 Fed.Nat'I Mort.Assoc. 2.000 01/27/2009 2,000,000.00 0.00 Subtotal 6,097,383.00 7,996,751.20 120,620,652.56 Local Agency Investment Funds (Monthly Summary) SYS982 982 Laif City 2.046 140,101.41 3,540,000.00 SYS2206 2206 LAIF-Redevelopment Agency 2.046 191,788.62 191,741.11 Subtotal 331,890.03 3,731,741.11 56,563,362.03 Treasury Securities-Coupon Subtotal 6,063,602.47 Medium Term Notes Subtotal 1,972,302.81 Commercial Paper Disc.-Amortizing 17314GTK5 3715 Citigroup Insured 0.530 01/20/2009 1,995,583.33 0.00 17314GU64 3716 Citigroup Insured 0.550 01/22/2009 1,994,958.33 0.00 36959HNP8 3672 General Electric Capital Corp 2.660 01/23/2009 0.00 2,000,000.00 36959HN94 3675 General Electric Capital Corp 2.550 01/09/2009 0.00 2,000,000.00 36161CTN2 3717 GE Capital Insured 0.580 01/22/2009 1,995,134.44 0.00 36161CUD2 3718 GE Capital Insured 01/28/2009 1,993,728.89 0.00 36161CUQ3 3719 GE Capital Insured 0.680 01/28/2009 1,993,313.33 0.00 Subtotal 9,972,718.32 4,000,000.00 22,961,214.72 Federal Agency Disc.-Amortizing Subtotal 2,347,687.63 Total 16,401,991.35 16,728,492.31 210,528,812.22 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM3)SymRept 6.42 Report Ver.5.00 City of FIB Portfolio Management Page 7 Activity Summary January 2008 through January 2009 Yield to Maturity Managed Number Number Month Number of Average 360 365 Pool of Investments of Investments Average Average End Year Securities Balance Equivalent Equivalent Rate Purchased Redeemed Term Days to Maturity January 2008 91 233,636,809.52 4.409 4.470 4.620 15 11 667 407 February 2008 84 228,014,150.58 4.212 4.271 4.161 5 12 686 430 March 2008 81 219,765,603.57 4.027 4.083 3.777 5 8 695 439 April 2008 88 220,642,095.52 3.785 3.837 3.400 14 7 665 454 May 2008 94 238,678,019.73 3.657 3.708 3.072 15 9 696 504 June 2008 93 238,795,438.00 3.551 3.601 2.894 5 6 654 473 July 2008 87 228,997,955.43 3.569 3.619 2.787 2 8 701 509 August 2008 74 204,646,757.05 3.458 3.506 2.779 1 14 684 483 September 2008 72 196,403,906.46 3.391 3.438 2.774 17 19 675 499 October 2008 76 195,260,549.78 3.352 3.399 2.774 14 10 685 531 November 2008 72 189,756,578.31 3.270 3.315 2.568 2 6 667 505 December 2008 77 200,279,167.62 3.040 3.082 2.355 12 7 638 487 January 2009 79 209,134,703.76 2.811 2.850 2.046 8 6 628 466 Average 82 215,674,401.70 3.579% 3.629% 3.077 9 9 672 476 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM4)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 8 Distribution of Investments By Type January 2008 through January 2009 January February March April May June July August September October November December January Average Security Type 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2009 by Period Repurchase Agreements Certificates of Deposit Commercial Paper-Interest Bearing Federal Agency Issues-Coupon 53.5 57.2 58.0 55.2 55.1 52.3 54.2 53.1 54.1 62.6 61.1 58.4 57.3 56.3% Local Agency Investment Funds 24.0 26.5 25.3 25.2 23.6 24.8 21.8 27.7 28.5 23.7 28.3 28.6 26.9 25.8% Treasury Securities-Coupon 6.8 8.0 8.4 8.6 9.2 9.1 8.4 6.1 5.2 3.2 3.2 2.9 2.9 6.3% Medium Tenn Notes 1.7 1.8 1.8 1.7 1.6 1.6 1.8 2.0 2.0 1.0 1.0 0.9 0.9 1.5% Negotiable CD's Certificates of Deposit-Bank Mortgage Backed Securities Bankers Acceptances-Amortizing Commercial Paper Disc.-Amortizing 7.6 3.5 1.9 1.7 0.8 0.9 1.0 6.1 6.2 4.2 8.1 10.9 4A% Federal Agency Disc.-Amortizing 6.4 3.1 4.6 7.6 8.1 8.1 9.1 6.0 3.1 2.3 2.3 1.1 1.1 4.8% Treasury Discounts-Amortizing 2.5 3.3 3.7 4.1 1.0 1.0 1.2% Miscellaneous Discounts-Amortizing Rolling Repurchase Agreements Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM5)SymRept 6.42 Report Ver.5.00 City of HB Portfolio Management Page 9 Interest Earnings Summary January 31, 2009 January 31 Month Ending Fiscal Year To Date CD/Coupon/Discount Investments: Interest Collected 316,039.79 1,715,307.58 Plus Accrued Interest at End of Period 1,175,900.13 1,175,900.13 Less Accrued Interest at Beginning of Period ( 1,056,727.35) ( 1,181,923.61) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 435,212.57 1,709,284.10 Adjusted by Premiums and Discounts -24,468.85 -11,918.41 Adjusted by Capital Gains or Losses 3,248.80 4,448.80 Earnings during Periods 413,992.52 1,701,814.49 Pass Through Securities: Interest Collected 0.00 0.00 Plus Accrued Interest at End of Period 0.00 0.00 Less Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00) Interest Earned during Period 0.00 0.00 Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 331,890.03 689,411.58 Plus Accrued Interest at End of Period 105,788.08 105,788.08 Less Accrued Interest at Beginning of Period ( 333,861.17) ( 359,492.69) Interest Earned during Period 103,816.94 435,706.97 Total Interest Earned during Period 539,029.51 2,144,991.07 Total Adjustments from Premiums and Discounts -24,468.85 -11,918.41 Total Capital Gains or Losses 3,248.80 4,448.80 Total Earnings during Period 517,809.46 2,137,521.46 Portfolio CITY AP Run Date:02/09/2009-16:54 PM(PRF_PM6)SymRept 6.42 Report Ver.5.00 Statement of Cash Receipts, Disbursements, and Fund Balances Office of the City Treasurer ' January 2009 Cash Receipts and Disbursements December 2008 January 2009 Incoming Receipts Property Tax Receipts $26,678,393 $13,775,244 Sales Tax Receipts 1,989,127 1,543,200 Utility Tax Receipts 1,682,573 1,751,139 Highway Users Tax Receipts 287,623 220,514 Transient Occupancy Tax Receipts 399,398 278,148 All Other Receipts 28,920,319 18,320,510 Outgoing Disbursements $57,088,736 -$35,035,268 Net Change in Cash Flow $2,868,697 $853,487 Summary of Cash by Fund December 2008 January 2009 General Fund $33,561,127 $38,501,688 Government Funds 602,572 597,441 Capital Funds 26,827,502 23,209,459 Debt Service Funds 8,671,146 7,854,510 Enterprise Funds 93,916,266 92,210,268 Fiduciary Funds 26,192,457 25,709,713 Special Revenue Funds 21,501,026 23,786,266 $211,272,096 * $211,869,345 " "Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences Note: All income is reflected in the month it was received by the city. Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter. State of California Pooled Money Investment Account Market Valuation 1/31/200 cafting Cast Plus h , ©e crl 1� i,tiiia l Accrued:MI ores'i` rch ;.. Fj",,ij 1U6 . � .. United States Treasury: Bills $ 7,698,278,918.78 $ 7,783,933,000.00 NA Notes $ 3,752,600,545.54 $ 3,774,322,000.00 $ 14,813,838.00 Federal Agency: SBA $ 550,938,817.70 $ 537,565,664.90 $ 2,151,719.35 MBS-REMICs $ 1,063,927,281.55 $ 1,090,297,763.78 $ 5,055,436.57 Debentures $ 3,215,994,966.97 $ 3,267,596,920.00 $ 37,675,341.92 Debentures FR $ 5,848,463,605.78 $ 5,857,284,330.00 $ 29,263,398.21 Discount Notes $ 4,589,772,713.96 $ 4,651,578,000.00 NA FHLMC PC $ 2,152.59 $ 2,195.72 $ 37.70 GNMA $ 141,439.66 $ 162,019.81 $ 1,400.54 CDs and YCDs FR $ - $ - $ - Bank Notes $ - $ - $ - CDs and YCDs $ 2,325,000,000.00 $ 2,324,543,817.50 $ 480,409.72 Commercial Paper $ 2,299,605,361.16 $ 2,299,344,444.46 NA Corporate: Bonds FR $ 220,326,060.58 $ 217,327,235.62 $ 1,043,103.88 Bonds $ 104,352,552.61 $ 104,546,846.95 $ 1,426,273.82 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ Time Deposits $ 8,033,500,000.00 $ 8,033,500,000.00 NA AB 55 &GF Loans $ 21,758,222,984.02 $ 21,758,222,984.02 NA TOTAL $ 61,461,127,400.90 $ 61,700,227,222.76 $ 91,510,959.71 Fair Value Including Accrued Interest $ 61,792,138,182.47 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). ATTACHMENT #2 Treasurer's Report a Shari La Freedenr®ch, CPA, CCMT, CPFA, CPFIM Investment Balances Trends Annualized Average Daily Portfolio Balance (in millions) $225 $20® $175 i $150 $125 $100 $25 . Sep-04 Sep-05 Sep-06 Sep-07 Sep-06 Sep-09 Slade 5