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Reso 2014-092
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Reso 2014-092
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Last modified
9/15/2014 10:04:20 AM
Creation date
9/15/2014 10:01:14 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
9/2/2014
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PERM
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8D Consent 2014 0902
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2014\Packet 2014 0902
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City of San Leandro <br />The investment goals of the City of San Leandro are to preserve principal, to provide liquidity, and to attain a rate of <br />return commensurate with the City's investment risk constraints and cash flow needs. <br />In order to achieve these objectives, the City of San Leandro invests in US Treasury securities, federal agency <br />securities, high quality money market instruments and high quality corporate medium term notes in accordance with <br />the City's investment policy and California Government Code Section 53600 et seq. <br />Strategy <br />Investment Report Performance Objectives <br />The performance objective for the City of San Leandro’s portfolio managed by Chandler is to attain a rate of return <br />greater than the benchmark 1-3 Year Treasury/Agency securities over a market cycle. <br />1 <br />Category Standard Comment <br />Treasury Issues No limitations Complies <br />Agency Issues No limitations Complies <br />Banker’s Acceptances "A" or higher by one NRSRO; 40% <br />maximum; 30% per issuer; 180-day max <br />maturity <br />Complies <br />Commercial Paper A-1/P-1-rated; 25% maximum; 10% per <br />issuer; 270-day max maturity <br />Complies <br />Negotiable Certificates of Deposit <br />(including CDARS) <br />30% maximum; FDIC Insured or <br />Collateralized 110% <br />Complies <br />Medium Terms Notes "A" or higher by one NRSRO; 30% <br />maximum <br />Complies <br />Money Market Funds AAA/Aaa rated or SEC registered adviser, <br />assets greater than $500MM; 20% maximum <br />Complies <br />Repurchase Agreements (excluded- <br />not used by IA) <br />20% maximum; 360-day max. maturity Complies <br />Reverse Repurchase Agreements <br />(excluded- not used by IA) <br />20% maximum; 92-day max. maturity Complies <br />LAIF Currently not used by adviser Complies <br />Maximum Maturity 5 years Complies <br />COMPLIANCE WITH INVESTMENT POLICY <br />City of San Leandro <br />June 30, 2014 <br />Assets managed by Chandler Asset Management are in full compliance with State law and with the <br />City’s investment policy.
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