Laserfiche WebLink
City of San Leandro <br />Notes to Basic Financial Statements <br />For the year ended June 30, 2012 <br /> <br /> <br />55 <br /> <br />NOTE 2 - CASH AND INVESTMENTS, continued <br /> <br />B. Investments, continued <br /> <br />Information about the sensitivity of the fair values of the City’s Investments to market interest rate fluctuations is <br />provided by the following table that shows the distribution of the City’s investment by maturity: <br /> <br />Investment Type Fair Value <br /> 12 Months or <br />Less <br /> 13 to 24 <br />Months 25-60 Months <br /> More Than 60 <br />Months <br />22,457,648$ 7,720,755$ 3,273,186$ 11,463,707$ -$ <br />Money Market 44,586 44,586 - - - <br />U.S. Treasury Notes 5,697,052 2,549,397 2,448,447 699,208 - <br />Local Agency Investment Fund (LAIF)50,652,190 50,652,190 - - - <br />Held by Bond Trustee: <br /> U.S. Treasury Money Market Funds 8,415,922 8,415,922 - - - <br />Total 87,267,398$ 69,382,850$ 5,721,633$ 12,162,915$ -$ <br />Federal agency securities <br /> <br />Investments Authorized by the City’s Investment Policy and California Government Code <br /> <br />The table below identifies the investment types that are authorized for the City by the City’s Investment Policy. The <br />table also identifies certain provisions of the California Government Code that address interest rate risk, credit risk, <br />and concentration of credit risk. This table does not address investments of debt proceeds held by bond trustee that are <br />governed by the provisions of the related bond documents. <br /> <br />Investment Type Maximum Maturity Maximum Percentage of *Portfolio <br />U.S.Treasury Obligations 5 years None <br />U.S. Agency Securities 5 years None <br />Local Agency bonds 5 years None <br />Bankers Acceptances 180 days 40% <br />Commercial Paper 270 days 30% <br />Negotiable Certificate of Deposit 5 years 30% <br />Repurchase Agreements 1 year 20% <br />Reverse Repurchase Agreements 92 days 20% of base value <br />Medium Term Notes 5 years 10% <br />Mutual Funds N/A 20% <br />Money Market Mutual Funds N/A 20% <br />Mortage Pass-Through Securities 5 years 20% <br />County Pooled Investment Funds N/a None <br />Local Agency Investment Fund (LAIF)N/A $40 million per account <br />Other investment pools N/A None <br /> *excluding amounts held by bond trustee that are not subject to California Government Code restrictions. <br />