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Finance Highlights 2008 1118
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Finance Highlights 2008 1118
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12/12/2008 9:45:12 AM
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12/12/2008 9:45:11 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
11/18/2008
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_CC Agenda 2008 1215
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\City Clerk\City Council\Agenda Packets\2008\Packet 2008 1215
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} <br />3-a==;~~ ~ CMANgLER <br />. ~~ As~T <br />l MANAGEMENT <br />r <br />Portfolio Characteristics <br /> 9130/2008 6/30/2008 <br />LAIF -City Pool $39,323,254 $39,025,965 <br />LAIF -Redevelopment Agency 3,731,636 3,702,629 <br />LAIF -RDA 1993A Bond Proceeds 0 39,046 <br />LAIF -RDA 2004 Bond Proceeds 121,222 401,583 <br />LAIF -Economic Development Agency 5,183,376 15,071,085 <br />Managed Pool Accounts (dreyfus) 340,971 338,754 <br />Passbook/Checking Accounts 864,189 27,705 <br />Total LAIF and Bank Accounts $49,564,649 $58,606,768 <br />Investment Portfolio Market Value $37,452,332 $37,137,407 <br />Total Market Value $87,016,981 $95,744,175 <br />LAIF Quarterly Apportionment Rate 2.77% 3.11% <br />2 year US Treasury Yield to Maturity 1.98% 2.62% <br />5 year US Treasury Yield to Maturity 2.98% 3.34°I° <br />Investment Portfolio: <br />Average Maturity (yrs) 1.32 1.38 <br />Modified Duration 1.25 1.29 <br />Average Book Yield 3.94% 4.12% <br />Average Yield to Maturity at Market 3.03% 2.92% <br />Average Quality AAA AAA <br />Portfolio Activity <br />Since June 30, 2008, activity in the portfolio managed by Chandler Asset Management consisted of the re- <br />investment of maturing balances into Treasury, and Agency securities with maturities ranging between July <br />2010 and May 2011. The portfolio sector allocation is currently 60.8% Agencies, 28.8% Treasuries, 6.7% <br />Corporates, and 3.7% Money Market Fund. The portfolio structure and duration strategy has been directed by <br />the City and has been subordinate to their cash flow needs. Currently the City's portfolio duration is about 78% <br />of the 1-3 Year Government benchmark. <br />
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