No preview available
HomeMy WebLinkAboutFin SA Investment Report 2013C:, T of Agenda Item No: 10.a n. Meeting Date: May 20, 2013 SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY AGENDA REPORT Department: FINANCE Prepared by: Van Bach, City Manager Approvat Accounting Manager SUBJECT: INVESTMENT REPORT FOR THE FIRST QUARTER 2013 RECOMMENDATION: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING MARCH 31, 2013, AS PRESENTED BACKGROUND: Pursuant to the State of California Government Code Section 53601, the City's investment policy, last reviewed and approved by the Board on June 4, 2012, staff provides the governing body a periodic report on the City's investment activities. The report outlines the investment activity for the preceding quarter. Included on the report are the cost of each investment, the interest rates (yield), maturity dates, and market value. Separate schedules are prepared for both the City and the Successor Agency to San Rafael Redevelopment Agency. ANALYSIS: The proceeds of the 1999, 2002 and 2009 Tax Allocation Refunding Bonds, are invested with the Local Agency Investment Fund (LAIF) for future projects or administrative costs. The ending cash balance of this investment account at month end was $708,328. The other LAIF account $142,735 contains housing funds for future administrative expenses. These resources are intended to provide sufficient operating capital in order to finance the Agency. The remaining unspent portion of 1999 bond proceeds are held an account with U. S. Bank $1,340,615. These funds will be use either to reimburse project expenditures or make payment on the 1999 bonds. FOR AGENCY SECRETARY ONLY File No.: -54 R C>1 2 Agency Meeting: Disposition: c r�7 - SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY REPORT / Patie: 2 The San Rafael Successor Agency for the San Rafael Redevelopment Agency checking account, which is used for the weekly disbursements, had a balance of $252,525 at quarter end. The LAIF pools is intended to be liquid, and produced about .28% investment return for the first quarter of 2013. FISCAL IMPACT: No financial impact occurs by adopting the report. The Successor Agency continues to meet the priority principles of investing - safety, liquidity and yield in this respective order. The portfolio remains conservatively invested. Sufficient liquidity exists to meet operational requirements for the next six months. UAKOI�a� The Board should accept and file the investment report as presented. SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY REPORT / Page: 3 I CERTIFY THAT ALL INVESTMENTS MADE ARE IN CONFORMANCE WITH THE CITY OF SAN RAFAEL'S APPROVED INVESTMENT POLICY AND STATE INVESTMENT REGULATIONS. THE AGENCY HAS SUFFICIENT LIQUIDITY TO MEET ALL OF THE OBLIGATIONS REQUIRED DURING THE NEXT SIX-MONTH PERIOD. )�4 _/_� MARK MOSES INTERIM FINANCE DIRECTOR rW O co LL 0 o F 0 t LLI U (L m E m CL 0 M z LU Lij uj z z WZ z LIJ ,0, O m E m CL 0 M z LU Lij uj z z WZ z LIJ ,0, a- CL CL QL CL 00 0 0 o cli Cl) cli cl� fl-� tq oc� LO 04 0 C', LU a- IL u) u) cn �2 C\l Lo Z 0 0 U)— O GR 00LO u U) 0 Z z cli Z) LU < < LL ""i* CIA " m LO vo 441 N cc� LON 0 00 LO .-0 P 'It ul C14 M (n < Lu z LU a. M > < 0 (D < LU Z Z LLI 69 69 U33 61> 617, co 1 C\l '0" 20- LIJ �- X LLJ co -:, CL a- ry 0 < x LU t'ti3 ,PQ 00 L6 N '0 M 11 ONO 00 u i C6 L6 613, (PI � 6F) T4s Vy 00 00 (:D N C) 0 m E m CL 0 M z LU Lij uj z z WZ z LIJ a- CL CL QL CL 00 0 0 o z z W uj LU LU Lli LLI W (L IL CL (L CL 0 0 0 0 0 LU a- IL u) u) cn �2 E Z 0 0 U)— (n > u U) 0 Z z cli Z) LU < < LL () C) o) CL 0) 0 co M C) >< 0 Z c) LU LU .-0 P aw N < o 0 z 2 �c P z o ul Ox C-) (n < Lu z LU a. M > < 0 (D < LU Z Z LLI Ci UJ m Z C) m (150 0 LL co 1 20- LIJ �- X LLJ co -:, CL a- ry 0 < x LU m E m CL 0 M W = L O iL o co - W W W W W O C' t� N O 00 O O 0;: N LO 01) W W W W W MCO P- 00 O O OLU :: O Z M c1' V N r � M tiC? tib.,. co caan N V }C}0Z O ch n (0 O) 00 to V N 'Q N CY) LO M -.ai v 0 m W d a) X 0 to Z QO W a Z o M {CF t> r fA ffT ffl ffl EA ' �? et < �- O V r- CO 04 a) 00 ttj V' N ;,S N ., MCO t -Lr) CN W'tti: M V <!' V' M ff3 EA Efl EA H3 ;$�? H3 00 00 O N 00 1 0 0 O W W W W W 00 O O 0;: Z W W W W W 00 O O OLU :: Z d co caan }C}0Z co uj C? > QQO enN3 W et c -.ai v 0 m W d a) X 0 to Z QO W a Z o LIJX— z�Cc><00 ` < > Q C3� > €) d W O��—Zwcc 0MWZ'` et < �- fNLL<(6O0�tn0� 4— rQ)Icn U3': (DI E— {NrtcnDCt.D��c1 rr O N O N rl' Lo ;?N 1 O O V I� (O: ;' U) 00 LO V N - L:'3, V to 04 MCl) Il W rl ?=2' U) 00 CO' c LO o v � F t- — M Z 0 Z m ui o c { 04 Wn C1I-to 0 Z (A H} 6s (f3 t, (a ui o LC), c (D ry Z 0 3 Y piui LLJx Z p Z 1- d� Z F- Z ES flp t00 00 LO cl' Nfi^✓ - 'Ccli C Cl) {15 C 0 EL (n O {n IL ;.. 3 Vj `°; LO 00 o t� M € N UY 611 UE) 63 LO O �Y 00 Lri 'i ' N CO u1C+"i N N N O c0.'IT,; Cf N r- - M ; i53 N N 00 00 N N O ,' COO O 0 W W W W 00 O O O", Z W W W W W Q 00 O O O Z LU w U U) F z :n ai E IU0 Z 0 Z m ui o c { Wn C1I-to 0 Z O0 co z xw ui o CL 0 cn Z f— c (D ry Z 0 3 Y piui LLJx Z p Z 1- d� Z F- Z ES Z u� C? gyl�Z�CL m�ZC?��Z.. Z�— �i {15 C 0 EL (n O {n IL ;.. 3 Vj 0