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HomeMy WebLinkAboutFin Investment Report 2013.09Prepared by: Van Bach Accounting Manager � Agenda Item No: 2. b Meeting Date: November 4, 2013 City Manager Approval: SUBJECT: INVESTMENT REPORT FOR THE THIRD QUARTER 2013 RECOMMENDATION: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDIN SEPTEMBER 30, 2013, AS PRESENTED I Pursuant to the State of California Government Code Section 53601, the City's investment policy, last reviewed and approved by Council on June 3, 2013, staff provides the governing body a 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. The City's remaining pooled funds that are not used for current operations are invested exclusively in the Local Agency Investment Fund {LAIF), a State-run investment pool. As long as funds are invested in LAIF, a quarterly report will be submitted to Council with balances and investment earnings. In addition, staff will report any changes of more than 15% of the City's investment portfolio within 30 days of such change. Exhibits A are the monthly reports summarizing our investments for the third quarter of 2013. ANALYSIS: For September, the LAIF account had a balance of $37,469,040. Portfolio returns on LAIF dollars are approximately .26% at quarter end. The City's West America account had a balance of $1,706,501 at quarter end. FISCAL IMPACT: No financial impact occurs by adopting the report. The City continues to meet the priority principles of 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 six Council Meeting: C7, C Disposition: I c L L 0 SAN RAFAEL CITY COUNCIL AGENDA REPORT / Pau,. 2 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. WAManagement Services- WorkFile\Finance- WorkFile\Council MateriakStaff Reports\2013\City\cityinvrpt93013.doc SAN RAFATL CITY COUNCIL AGENDA REPORT l Page: 3 TREASURER'S CERTIFICATION I CERTIFY THAT ALL INVESTMENTS MADE ARE IN CONFORMANCE WITH THE CITYS APPROVED INVESTMENT POLICY AND STATE INVESTMENT REGULATIONS. THE CITY HAS SUFFICIENT LIQUIDITY TO MEET ALL OF THE OBLIGATIONS REQUIRED DURING THE NEXT ii '' i cn G) —i Z G) © 00 0 z --I > > m i G) G) 0 cn o m 3 0 CD @ S; 3 o w w --4 3 CL C: CD CD 0 > ,-� I " OD 00 a) 57 Z > 00 CD 0 Z (D X. 0 M — o C: (n CD cn CD 3 CD 0 U) CD CD 2_#. :3 0 3 0 U:l CD cn ol -P -0 0 O CD CL CD 0 CD 0 0 R. to .1 m (0 0 cn "a c 0 n> CA m 9 .1 > C n m -0 0 n > Ch m D i > 0 00 CO c (C) M CD 0) =r CD (D 0 " CL =3 CD > < < (D iD' < CL (0 CD 0 r� CD '0CD CD A. 0 (a ACD =3 3 03 wo--�Zoom--i Z > > C 0 0 cn 0 0 0 3 0 CD (<D W CD 5 3 0 m > 0CO) CL CD 3 -0 0 < o z > 0 CD Z (a 3 CD o =r Cn CD CD 0 3 CD o cn @ a to F(D Cn (.0 CD cn CD ua CD cn (D N 0 P 3 0 0 CD 00-0- _0 =r CD CL CD 0 tD to cn C) C) �-o 0- 0 0 Z 0 1 4Q9 cri 0) 00 i0o w to 0) 01 00 oa 0) Ln cn —L co bo w m (0 w 01 -0 X Z X m �m Cr A u NZ - cr > cp 00 CO IDto a 0, =r CD CD • 0 i�T 11 FD- =3 CD -0CL > < CD CD @ OL < (a CD CD r -o' CD 0 -0 CD Z (,o. CD 0 (D <A .9h, -.L tat 00 F(D L 00 CD Lo CD CD iU .69 cn CD --4 0 Ut o 3 0 0 0 0 CD a to N) C) C" cn C) 4�1 bo O tat Cn 0 bo -A. Cat Cat 0 0o Ith. 0) (0 0) 0) 0 --q 0 C (n #-I- 0 Q CD cn r-" 3 CD cn "U c > 0 ;u i x n > Ch m > X z m