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Reso 2016-114
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Reso 2016-114
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Last modified
2/5/2024 11:51:22 AM
Creation date
9/13/2016 9:52:55 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
9/6/2016
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PERM
Document Relationships
_CC Agenda 2016 0906 CS + RG
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2016\Packet 2016 0906
8K Consent 2016 0906
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2016\Packet 2016 0906
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Portfolio Characteristics <br />6/30/2016 <br />3/31 /2016 <br />LAIF - City Pool #98-01-809 <br />$52,691, 550 <br />$40,145, 977 <br />LAIF - Successor Agency <br />2,627,067 <br />2,624,038 <br />LAIF - RDA 1999 Bond Proceeds #11-01-001 <br />0 <br />0 <br />LAIF - RDA 2008 Bond Proceeds #11-01-038 <br />0 <br />0 <br />LAIF - Economic Development Agency <br />2 <br />2 <br />Passbook/Checking Accounts <br />9,854,368 <br />11,096,658 <br />Total LAIF and Bank Accounts <br />$65,172,987 <br />$53,866,675 <br />Investment Portfolio Market Value $44,842,320 $44,618,975 <br />Total Market Value $110,015,307 $98,485,650 <br />LAIF Quarterly Apportionment Rate <br />0.55% <br />0.46% <br />2 year US Treasury Yield to Maturity <br />0.58% <br />0.73% <br />5 year US Treasury Yield to Maturity <br />1.01 % <br />1.21 % <br />Investment Portfolio: <br />Average Maturity (yrs) <br />1.76 <br />1.76 <br />Modified Duration <br />1.72 <br />1.72 <br />Average Book Yield <br />1.14% <br />1.12% <br />Average Yield to Maturity at Market <br />0.73% <br />0.82% <br />Average Quality S&P/Moody <br />AA/Aa1 <br />AA/Aa1 <br />Portfolio Activity <br />Five securities with a total par value of 3.225 million matured during the quarter in addition to one Corporate <br />note call which totaled 400k in par. The Chandler team reinvested the proceeds into a broad mix of <br />securities in the Agency, Supranational, and Corporate sectors of the market keep the portfolio structure in - <br />line with Chandler objectives. The purchased securities ranged in maturity from March 2019 to September <br />2019. The current duration of the portfolio is 1.72, unchanged from the prior quarter. <br />
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