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Reso 2019-060 (2)
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Reso 2019-060 (2)
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Last modified
3/6/2019 5:55:49 PM
Creation date
3/6/2019 5:45:09 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
3/4/2019
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PERM
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8G Consent 2019 0304
(Attachment)
Path:
\City Clerk\City Council\Agenda Packets\2019\Packet 2019 0304
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Portfolio Characteristics <br />12/31/20189/30/2018 <br />LAIF - City Pool #98-01-809$62,457,341$44,694,166 <br />LAIF - Successor Agency26,99026,844 <br />LAIF - RDA 1999 Bond Proceeds #11-01-00100 <br />LAIF - RDA 2008 Bond Proceeds #11-01-03800 <br />LAIF - Economic Development Agency22 <br />Passbook/Checking Accounts5,416,8373,927,847 <br />Total LAIF and Bank Accounts$67,901,170$48,648,859 <br />Investment Portfolio Market Value$81,215,314$65,451,694 <br />Total Market Value$149,116,484$114,100,553 <br />LAIF Quarterly Apportionment Rate2.40%2.16% <br />2 year US Treasury Yield to Maturity2.48%2.81% <br />5 year US Treasury Yield to Maturity2.51%2.94% <br />Investment Portfolio: <br /> Average Maturity (yrs)1.871.88 <br /> Modified Duration1.701.68 <br /> Average Book Yield2.29%2.06% <br /> Average Yield to Maturity at Market2.70%2.80% <br /> Average Quality S&P/MoodyAA+/Aa1AA+/Aa1 <br />Portfolio Activity <br />Therewas$21.2millioninvestedinadiversifiedmixofTreasury,agency,commercialpaper,Supranational,ABSand <br />corporatesecuritiesoverthecourseofthequarter,withthegoalofmaintainingthematurityanddurationprofileof <br />theCity’sinvestmentportfolioconsistentwithinternaltargets.A$15.0millioncontributionassistedinthepurchasing <br />activitiesaswellasfivematurities.ThematuritiesofthepurchasesrangedfromFebruary2019toJune2023. <br />2 <br /> <br />
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