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HomeMy WebLinkAboutFin Investment Report 2013.06ary ar �1��� Agenda Item No. 96 Meeting Date: August 5, 2013 i:f.Al ilk I ZT.A1211:4 we] 11 1111MM011111Z, Is] I W-ATei:4 Z I 17,A11 Z4:_4w*] ni Prepared by: Van Bach Accounting Manager C& SUBJECT: INVESTMENT REPORT FOR THE SECOND QUARTER 2013 RECOMMENDATION: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDIN JUNE 307 2013, AS PRESENTED I Pursuant to the State of California Government Code Section 53601, the City's investment policy, la reviewed and approved by Council on June 3, 2013, staff provides the governingbody a report on th %.w I City's investment activities. The report outlines the investment activity for the preceding quarte Included on the report are the cost of each investment, the interest rates (yield), maturity dates, an I market value. Separate schedules are prepared for both the City and the Successor Agency to Sa Rafael Redevelopment Agency. 11 The City's remaining pooled funds that are not used for current operations are invested exclusively i the Local Agency Investment Fund (LAIF), a State-run investment pool. As long as funds are investe in LAIF, a quarterly report will be submitted to Council with balances and investment earnings. I addition, staff will report any changes of more than 15% of the City's investment portfolio within 30 days of such change. I Exhibits A are the monthly reports summarizing our investments for the second quarter of 2013. For June, the LAIF account had a balance of $43,145,404. Portfolio returns on LAIF dollars are approximately .24% at quarter end. The City's West America account had a balance of $4,764,780 at quarter end. No financial impact occurs by adopting the report. The City continues to meet the priority principles o 11 investing - safety, liquidity and yield in respective order. The portfolio remains conservatively invested Sufficient liquidity exists to meet daily operating and capital project requirements for the next s* FOR CITY CLERK ONLY File No.. Council Meeting: L'ILLL Disposition. months. Operating funds, as defined for this report, exclude cash held with fiscal agents for the payment of bond principal and interest. The City Council should adopt the report as presented in order to satisfy current State Investment Code requirements and City policy. 11'111T so" lillil i y 1oil i IVA i• TREASURER'S CERTIFICATION, I CERTIFY THAT ALL INVESTMENTS MADE ARE IN CONFORMANCE WITH THE CITY'S APPROVED !!! POLICY REGULATIONS. SUFFICIENT LIQUIDITY TO MEET ALL OF THE OBLIGATIONS ! ! PERIOD. MARK MOSES INTERIM FINANCE DIRECTOR co m x uj Phan I W. W u 0. I 0 0 E 6 U') 0 cn cu (D 64% (D Clq co (D 0 (D 06 1114" 619� 0 .. ...... co Co 0) 0') (0 .......... 0 = 00 n"ll I C) 0 (0 C) ce) LO cy') -4 6q 60� 00 ci (0 co L0 C) LO -W, CN Ce) 6q j, a CA C) .. t7 Lc) Co 0 c; 0 to C) CV) LO C) Lc) CN cle) CN 1.0 N C) LO W cle) 0 .......... N CN W 0 0 (Y) z co Q) C/) ---------- CO ia) Z)I ct W > llz� Li Lli ow LU 0 CL 0 Q LL ul" Lli U) Lu CL Lu U) U) U) Ca UJ Uj 0 L'i CL 0 0 E 6 U') 0 cn cu (D 64% (D Clq co (D 0 (D 06 1114" 619� 0 Q H x m CL { v �r X" i Y F CN 0 { 0 o ' M cNi .:.. © ".. It 0 �: M �. Lc i01) Q 0. /U') It { fl CD•. _ .� i�' �•�1_ LO «. V . ' It i ��CN N LO N {ii {) Q 1.. Ccp Z r LLJ C W �_ .. •0 +�-- jjj��_ CN 0 Z� ol RI z uj i v `- r k C> Z co C/)LU LU r_ cr CL i.i..LU LLL CL 76 ". i LIJ �`. m CL { v �r X" it 0 0 to m (t 05 R O 0 E cT LO O F- CA I - cc 09- Cn tU to llq* 00 N C41i lq:t 60- Co C) C) 0 C> U') 0 60- 60. CN C) CD C> C) LO C) LO CV) V> CN C) C> CD LO 0 LO CO � C0} CN LSA N C) LO LUO CN CL CN CL Ce) 00 LU uj Co ui 0 Cn ry LIJ Z) CL LIJ 0 z 0 Lli CL < LLI LLJ 0 Uj CL R O 0 E cT LO O F- CA I - cc 09- Cn tU to llq* 00 N C41i lq:t 60-