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Reso 2016-150
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Reso 2016-150
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Last modified
3/24/2017 4:46:23 PM
Creation date
11/17/2016 10:15:12 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
11/7/2016
Retention
PERM
Document Relationships
_CC Agenda 2016 1107 RG
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2016\Packet 2016 1107
8N Consent 2016 1107
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2016\Packet 2016 1107
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C11%( ASSET CHANDLER <br />MANAGEMENT <br />Portfolio Characteristics <br />LAIF - City Pool #98-01-809 <br />LAIF - Successor Agency <br />LAJF - RDA 1999 Bond Proceeds #11-01-001 <br />LAIF - RDA 2008 Bond Proceeds #11-01-038 <br />9/30/2016 6/30/2016 <br />$45,030,153 <br />2,360,641 <br />0 <br />0 <br />$52,691,550 <br />2,627,067 <br />0 <br />0 <br />LAIF - Economic Development Agency <br />2 <br />2 <br />Passbook/Checking Accounts <br />6,700,878 <br />9,854,368 <br />Total LAIF and Bank Accounts <br />$54,091,674 <br />$65,172,987 <br />Investment Portfolio Market Value <br />$44,830,457 <br />$44,842,321 <br />Total Market Value <br />$98,922,131 <br />$110,015,308 <br />LAIF Quarterly Apportionment Rate <br />0.60% <br />0.55% <br />2 year US Treasury Yield to Maturity <br />0.77% <br />0.58% <br />5 year US Treasury Yield to Maturity <br />1.14% <br />1.01% <br />Investment Portfolio: <br />Average Maturity (yrs) <br />1.65 <br />1.76 <br />Modified Duration <br />1.61 <br />1.72 <br />Average Book Yield <br />1.16% <br />1.14% <br />Average Yield to Maturity at Market <br />0.87% <br />0.73% <br />Average Quality S&P/Moody <br />AA/Aa1 <br />AA/Aa1 <br />Portfolio Activity <br />Three securities were purchased during the quarter in the Treasury, Agency, and Corporates sectors of the <br />market. The purchased securities ranged in maturity from March 2019 to May 2020. Three securities <br />matured to facilitate the new additions to the portfolio. The duration of the portfolio decreased, currency 1.61 <br />versus 1.72 at the end of the prior quarter. <br />
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