Reso 2016-114 - Laserfiche WebLink

Home

CHANDLER �ASSET " MANAGEMENT OR City of San Leandro June 30, 2016 COMPLIANCE• Assets managed by ChandlerAsset Management are in full compliance Wth State lawand Wth the City's investment policy. Category Standard Comment Treasury Issues No limitations Complies Agency Issues No limitations Complies Supranationals Issued by IBRD, IFC or IADB only; "AA" rated or higher Complies by a NRSRO; 30% maximum; 10% max per issuer Municipal Securities Issued by City of San Leandro and its Agencies Complies Banker's Acceptances "A" or higher by a NRSRO; 40% maximum; 30% per Complies issuer; 180 days max maturity Commercial Paper A-1/P-1 or highest rating by a NRSRO; Issuer rating by Complies S&P and Moody's; Issuer must be a domestic corporation having assets in excess of $500 million; 25% maximum; 10% per issuer; 270days max maturity Negotiable Certificates of Deposit 30% maximum (including CDARS); FDIC Insured or Complies (including CDARS Collateralized 110% Time Deposits (TD)/ Cerfiticates of Collateralized 110% Complies Deposit CD Medium Term Notes "A" or better by a NRSRO; 30% maximum; Issuers must Complies be corporations organized and operating in the U.S. Money Market Funds Highest rating by two NRSROs or SEC registered Complies adviser with assets greater than $500 million; 20% maxa mum Repurchase Agreements 20% maximum; 360 days max maturity; 102% Complies collateralized; Not used b IA Reverse Repurchase Agreements 20% maximum; 92 days max maturity; Not used by IA Complies LAIF Maximum program limit; Not used by IA Complies Maximum Maturity 5 years Complies The City of San Leandro is able to meet its pool's expenditure requirement for the next six months. City of San Leandro The investment goals of the City of San Leandro are to preserve principal, to provide liquidity, and to attain a rate of return commensurate with the City's investment risk constraints and cash flow needs. Furthermore, the City is able to meet its cash obligations during the next six-month period. Investment Report Performance Objectives The performance objective for the City of San Leandro's portfolio managed by Chandler is to attain a rate of return greater than the benchmark 1-3 Year Treasury/Agency securities over a market cycle. Strategy In order to achieve these objectives, the City of San Leandro invests in US Treasury securities, federal agency securities, high quality money market instruments and high quality corporate medium term notes in accordance with the City's investment policy and California Government Code Section 53600 et seq.