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1850
DATE: April 1, 2013
•
TO: Honorable Mayor and Members,of`theiCity'.Council through City Manager
FROM: William Mushallo, Finance Director/City Treasurer
SUBJECT: Resolution to Receive and Filethe City.Treasuier's.Reports for the Periods
Ending-September 30, 2012 and December 31, 2012
RECOMMENDATION
It is recommended that the City Council adopt the attached Resolution to Receive and File the
Cit y Treasurers Re p orts dated $e p tember 30, 2012 and December 31, 2012.
BACKGROUND
Pursuant to the City's Investment Policy and Government Code, the City Council annually
delegates authority to the City Treasurer to ;invest or reinvest City funds. The City Council
approved the City of Petaluma Investment Policy. on,June.1'8, 2012`which delegated investment
authority to the City Treasurer for the Fiscal Year 2012-13'. The City Treasurer is required to
provide a quarterly investment report to the Council that includes the status of the investment
portfolio. The attached reports outline the current investments, the weighted average and yields
of pooled investments; -investments managed by Public 'Financial Management' (PFM), and
earnings received by investments in the Local Agency Investment Fund (LAIF). The reports
also include the Treasurer's certification of adequate cash flow: These are the-first and second
quarterly reports for the Fiscal Year 2012-2013.
DISCUSSION
It is the policy of the City of Petaluma to manage public funds in a manner consistent with the
laws of the State-of'California pertaining to the investment of public funds'. Three primary goals
of the City are to safeguard the principal of funds under its control; meet the City's daily cash
flow requirements; and achieve a reasonable rate of return`with the maximum amount of security
possible. The attached quarterly Treasurer's Reports contain information on the City's cash
activity and ending balances in all City accounts. The.report:
• Summarizes itotal beginning balances of all cash and investments, and total quarterly
activityand ending balances
Agenda Review:
!
City Attorney Finance Dire tor City Manage
• Provides quarterly activity. and=ending 'balances Tn the City's cash equivalent accounts
and information about trustee account activities and ending balances
• Provides information on investment portfolio activity, security type, maturity and value,
and book and fair value
• Compares the City's quarterly investment earnings with the City's benchmark.
The City's benchmark is the Merrill Lynch 1=3 year US Treasury index as provided by
Bloomberg Financial-Markets. The City's annualized returns outperformed this index by over
one tenth of 1 percent dining the.two quarters,reported here.
FINANCIAL IMPACTS
The balance of cash and investments'as of September 30, 2012 was $117.4 million. This is up
$2.6 million from the balance at the end of June. The increase is due mainly to the receipt of
impact fee revenue for the Regency project. The net investment earnings during the quarter
ending September 30th were $132,596.60.
The balance of cash and'investments;as of December131, 2012 was$127 million. This amount is
up $9.6 million from the balance at the end of the prior quarter; The increase is due mainly to
the receipt of our semi-annual:property"tax payment along with',impact fees for the Regency
project. The City received a'total of$145,162.32 in net investment earnings during the quarter
ending December 31, 2012.
The required action is to receive and file the Treasurer's Reports.
ATTACHMENTS
1. Resolution to Receive and File the City Treasurer's Reports:dated'September 30, 2012
and December 31,2012.
2. City Treasurer's Reports Dated September 30, 2012 and December 31, 2012.
Z
ATTACHMENT 1
RESOLUTION TO RECEIVE AND FILE THE<CITY TREASURER'S REPORTS DATED
iSEPTEMBER 30, 2012 AND DECEMBER 31,2012
WHEREAS, the City, Investment;policy requires the City Treasurer to provide.a quarterly
investment report to the Council for compliance with the adopted City Investment Policy.
NOW, THEREFORE BE IT RESOLVED that the City Council has received the reports
dated_September 30, 2012 andpecember 31, 2012 and directs the City Clerk to file them.
3
City of Petaluma
Quarterly Investment Report
July 1 , 2012 to September 30, 2012
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This report is presented in accordance with ihe City's;investinent policy and the California
Government Code. The policy and Government Code requires the Treasurer to certify
that sufficient cash flow is,available for the next six months to meet,the expected demand
or provide-en explanation as to why sufficient eash may not be available. The attached
report outlines the'current;investments, weighted;average,and yields of pooled investments.
The month end account istaternentof assets:managed:by-Public,Financial Management, LLC
(PFM), the Local Agency Investment,Funds (LAIF) quarterly statement, and the City's
perforinancesummaryof portfolio investments as comparedib applicable benchmarks
are included. l hereportalso includes the Treasurer's certification of adequate cash flow.
We respectfully<submit the quarterly investment reportifor the quarter ending September 30, 2012
4
•
CITY OF,PETALUMA„CALIFORNIA'
CITY TREASURER'S^QUARTERLY REPORT
For the quarter-ending Septeinler 30, 2012
Cash activity for thefiscal year:
Cash and Investments, Beginning of the quarter, 06/30/2012 $ 114,761,204
Cash Receipts 44,060,563
Cash Disbursements (41,435,075)
Cash and Investments, End of the Quarter;09/30/2012 $ 117,386,693
Cash and Investment Portfolio at Septeniber30,2012
Percent
Fai!I Market, Par Value of
Value* (Cost) Portfolio
Investments.Managed by City Treasurer:
Assessment Districts Bonds ' 602;262 602,262 0.51%
Local Agency Investment Funds:(LAIF) 48,845;552 48,824,794 41:59%
CAMP Pool (CA Asset Management"grog) 15,303,932 15,303;932 13.04%
PFM.Investments Securities ** 24,192;804 24;226;506 20.64%
Certificate of Deposits 250,000 250,000 0.21%
Checking Accounts 2,544,407 2,544;407 2.17%
Subtotal 91,738,957 91,751,900 78.16%
Investments Managed by FiscalAgents: •
CAMP Debt Issue Accounts 12,221,274 12,221,274 10:41%
Trustee Money Market Accounts 13,413;5.19 13,413,519 11.43%
Subtotal 25;634,792 25;634;792 21.84%
Total Cash and Investments 1 17,373,749. 117,386,693 100.00%
I certify that=this-report contains the total amounts of'cash.and.investments at September 30,:2012
The investments:are in conformity with the Investment Policy. Acopy of the Investment Polity is
available for review in the Finance Department. The CityTieasurer's cashmanagen'ient program provides
sufficient liquidity to-meet expenditure requirements for the next six.months.
We respectfully submit the:quarterly investment re.'- q'a ' -rent' gr -,tember 30,2012
•
9
ham Finance Director
*Fair market values are furnished by the State of California, Local Agency Investment Fund and California Assei
Management Program.
**`See detail attached
5
CITY,OF PE'I'AL'UMA„CALIFORNIA.
CITY TREASURER'S QUARTERLY REPORT
For the quarter ending September,2012
entst1mancial LSt&t Y`°;PX ` '4('',777, )14'3 .•_0 h"r-7al .:_ 3.Ifi - _ ..
' Iovestments'M1fanaged by till'Treasurer:
Assessment District Bond(AD) 2000-01 651;480:27 (49,217.96) 602;262.31
Suh'Total Assessment Districts Florid (AD)Accounts 651,480.27 - (49,217.96) 602,262.31
LAIF • '48244601;42 ,1538,847.96 (1000000.00) 48,781,449.38
LAIF accrued interest i 38,847.96 43:344.64 (38,847.96) 43344.64
Sub-Total IMF — 48,281,449.38 1,582,192.60 (1,038,847.96) 48,824,794.02
CAMP Pool-Treasurers Investment Money Market 12,913;223.74 7,045;297.88 (4,654;589.66) 15,303,931.96
Sub-Total CAMP Pool Managed'Account ._ 12,913,223.74 7,045,297.88 (4,654,589.66) 15,303,931.96
Federal Agency Bonds/Discount Notes 13,546,889.44 1,499,850.00 (3,169,78068) 11876,958.76
Fed Agency accrued interest ! 45;057.59 14,492.77 (22 930.14) 36,620.22
US Treasury Bonds/Notes 9170234.18 1,924,566 41 I I,094,800.59
US Treasury accrued interest 23211.49 62,252.75 (64,406:25) 21,057.99
Corporate Notes 12497187.50 (1249,18750) -
Corporate Notes accrued interest 16,770.83 4',375.00 (21,145:83) -
CommercialPaper 1,197,068 00 - 1,197,068.00
Coininerciall Paper accrued interest - - - -
Sub-Total PFM Securities Managed Account,ir, -24,051;351:03 4;702604,93 (4,527,451840) 24,226,505,56
• Subtotal '85,897,504142 - 13,330,095.41 (10,270,105.98) 88.957,493.85
Certificate of Deposits:
Circle Bank 250,000.00 29L95 (291.95) 250,000.00
Suh.Total Certificate of Deposits '250,000.00 291',95 (291.95) 250,000.00
Checking Accounts:
Exchange-General Operating 2,876,516.20 '25,781,536.40 (26;334435.38) 2,323,717:22
Exchange-Payroll 303587 4397,508.00 (4,403,757 03) (3,213,16)
Thomas Lee Charity Trust 2,067.38 2,067.38
Police Trust 104,615.66 223;129.35 (105,909.80) 221,835.21
Sub-Total Checking Accounts 2,986,235,11 '30,402;173.75 .(30,844,002.21) - 2,544,406.65
Total Cash and Investments Managed.by the City Treasurer -' .89,133,739.53 :43,732;561.11 (41;114,400.14) 91,751,900.50
Investments Managed by Tnatees risen[Agents:
CAMP-AD 23,24,25 Accounts Money Market 427,125.51 248.77 - 427,374 28
CAMP-20018 Water Rev,2003 COP,2007-TAB,-2011^TAB '111787,557.85 6,864.31 (522.91) 11,793,89925
Sub-Total CAMP-Debt Issue Accounts"'! .12,214,683!36 .7;113.08 (522.91)' 12421,273:53
Bank or New York 2;246,500:00 2,246,500.00
Union Bank Blackrock :1.16 1'.16
US Bank First'American Trees `11,1662.80.20 320880.29. (320151 88) 11,167,01761
Wells Fargo Government-Money Market - - - —
Sulr-Total Trustees Dloney,'Market Account 13;412,781,36 320,889.29 (320,151.88) 13,413,518.77
Total Cash and Investments Managed,hy Fiscal Agent's. :25,627,464,72. 328,002:37 (320,674.79) .25,634,792,30
TOTAL CASIIAND INVESTMENTS 114,761,204,25 !44,0611,563:48 (41,435,074.93). 117,386,692.80
See detail'ausched Accrued interest (101,022.85)
General Ledger 117,285,669 95
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CITY OF PETALUMA„CA'LIFORNIA
CITY TREASURER'S,QUARTERLY REPORT
For the quarter ending September,201.2
Cost vs. Fair Market'Value
Cost FV Gain/(Loss)
US Treasury Bond/Note 1 1,094,800.59 11,131,268.08 36,467.49
Federal Agency Bond/Discount Note 11,876,958.76 11;862,856.26 (14,102.50)
Commercial Paper 1,197,068.00 1,198,680.00 L612.00
Sub-Total PFM Treasurer's Invest.`Securities 24,168,827.35' 24,192,804.34 23;976:99
CAMP Pool Money Market Fund 15;303,931.96 15,303,931.96 -
Sub-Total CAMP Treasurer's,Investments 39,472,759:31 39,496,73630 23,976.99
Accrued Interest 57,678.21
CAMP Total Investment Managed Securities Held' 39,554,414.51
CAMP Debt Issue Managed Accounts 12,221,273,53 12,221,273.53 -
I
PFM CAMP Total T''reasurer'srinvestments *.*., 51;694;032.84 51,718,009.83 23,976.99
LAW 48781,449.38, 48,845,551.72 64,102.34
LAIF amortized cost rate 1.00131407200
** See detail attached
Untitled Page. Page 1 ;oft
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JOHN CHIANG
California State Controller
LOCAL AGENCY INVESTMENT FUND
REMITTANCE ADVICE
Agency Name PETAI.,UMA
Account Number 98-49-650
As of 10/15/2012, your Local Agency Investment Fund account has been directly credited
with the interest earned.on`your deposits for the quarter ending 09/30/2012.
Earnings Ratio .00000970563155028
Interest Rate 0.35%
Dollar Day Total $ 4,465,927,167.44
Quarter End Principal Balance $ 48,781,449.38
Quarterly Interest Earned $ 43,344.64
http://laif.sco.ea.gov/Result:aspX 3/4/2013
State of`California
Pooled Money Investment Account
Market Valuation
9/30/2012
„ Carrying,Cost,Plus " ' ;� , '
'.,Description° AccFued,lnter"est Purcht' , Amoit ed Cost -.._ , FairnValue '7 .. , eAcgnued Interest„
United States Treasury:
Bills $ t8,6-22,718,615.43 $ 18;633,178.830:48 '$ 18;635,752,500.00 NA
Notes $ 16,0301416,48354:. $ 16,030,283;286:84 'Sr 16;083,000,000.00 $ 25,090,146.00
Federal Agency: -
SBA $ .537;943;833173 $ 537,943;833.73 '$ 538,479,078.66 $ 556,597.69
MBS-REMICs $ 289;018179i51 $ 28901809.51 $ 313,485;757.91 $ 1,380,307.69
Debentures $ 750;4261660188 $ 750426,660:88 Si' 751;330,500.00 $ 1,246,665.50
Debentures FR $" - $ -" $ - - $ -
Discount Notes $ '4,491;107222.16 $ ' 4,495,775,805.52 $ -4496,997,000.00 NA
GNMA $ 9,091.91 $ . 9,091.91 $ 9,168.82 $ 90.18
IBRD Debenture $ :399,951,80328. $ 399,961,803.28 8. 400,000;000.00 $ 583,332.00
IBRD Deb FR $ r $ - $ - $
CDs and YCDs FR $ 4001000,00000 1� 400.000,000.00. $ X400,000;000.00 $ 345,585.56
BankNotes $ r $ - $ - $•
CDs and YCDs $ ' 5,150,000;000!00. I$ 5,150,000:000:00 $ 5,149,301,400.29 $ 1,963;819.45
Commercial Paper $ 824;860,041:65 $ 824,971,430:55 $ - '824,932,222.22 NA
Corporate:..
Bonds FR $ - $ - $ - - $ -
Bonds $ - $ - $ - $
Repurchase Agreements $ - $ - $. - $ -
Reverse Repurchase $ - $ - $ - $ -
Time'Deposits $ -4,402,6401000100 $ 4,402 640,000.00. $ 4,402,640,000.00 NA
AB 55 8 GF Loans $ 10,280,783;040.72. $ _. 10;280,783,040:72. $ 10;280 783;040.72, NA
TOTAL $ 62,181;874,372.81 $ 62,194,981;963.42 $ .62;276,710,668:62 $ 31,166;544.07
Fair Value Including'Accrued'Interest $ 62;307,877,212.69'
Repurchase Agreements„Time Deposits;.A1355'8,General Fund loans„and
Reverse Repurchase agreements are carried at portfolio book value(Parrying cost).
The value of each participating dollar;equalsdhe fair value divided by.the amortized_coal(1.001314072).
As an,example:`ifan agency has an account balance.of$20,060,000.06,thensthe agency would report it:
participetion'in theLAIF Valuedd at-$20:026,281.45 or$20,000,000:00_x1°001314072:
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City of Petalurna,
Quarterly Investment Report
October 1 , 2012 to December 31, 2012
<
This report is presented in accordance with, he City's inyestment policy:and the California
Government Code. The polrcy:and Governthent Code requires the Treasurer to certify
that sufficient cash flow is available for the next six months to meet the expected demand
or provide an explanation as to'why°sufficient cash may not be available: The attached
report outlines the current investments, weighted-average and yields of pooled investments.
Themonth end account statement of assets.managed by Public FinancialManagement, LLC
(PPM),the Local Agency Investment Funds (LAIF) quarterly:statement, and the City's
performance summary-of portfolio investments as compared to applicable benchmarks
are included. The report also•includes the Treasurer's certification of adequate cash flow.
We respectfully submit the quarterly investment report for the quarter ending December 31, 2012
2.4
CITY OF PETALUMA. CALIFORNIA
CITY TREASURER'S'QUARTERLY REPORT
• For the quarter ending;December•31, 2012
Cash activity for the fiscal year:
Cash and Investments, Beginning of the quarter,.09/30/2012 S 117,386,693
Cash Receipts 71,659,322
•
Cash Disbursements (62,015,998)
Cash and Investments, End of the:Quarter;.12/31/2012 $ 127,030,017
Cash,and Investment Portfolio at December 31, 2012
Percent
Fair Market Par Value of
Value* (Cost) Portfolio
Investments Managed by City Treasurer:
Assessment Districts Bonds 602,262 602,262 0.47%
Local Agency Investment Funds (LAIF) 48,879,831 48,864;403 38.47%
CAMP Pool (CA Asset Management P-rog) 23,309,110 23,309,110 18.35%
PFM Investments Securities ** 24,206,945 24,303,716 19.13%
Certificate of Deposits 250,000 250,000 0.20%
Checking Accounts ;4,717,687 4,717,687 3.71%
Subtotal 101,965,835 102;07;178 80.33%
Investments Managed by Fiscal Agents:
CAMP Debt Issue Accounts 11,565,273 11,565,273 9.10%
Trustee Money Market Accounts 13.417.566. 13,4.17,566 10.56%
Subtotal 24,982,839 24,982,839 19.67%
Total Cash and Investments 126,948,674 127,030,017 100.00%
1 certify that this report contains the total amounts ofcash and investments at December 31, 2012
The investments are in conformity with the Investment Policy. A.copy of the Investment,Policy is
available for review in the Finance Department. The City Treasurer's cash management program provides
sufficient liquidity to meet expenditurerequirements for the next-six months.
We respectfully submit the]quarterly investment report . -i s - ber 31, 2012
report
dliam Mushallo, Finance Director
*Fair market values are furnished by the State of California. Local Agency Investment Fund and California Asset
ManagementPrograni.
** See.detail•attached ZC
' CIIYOFPETALUMA„CALIFORNIA.
CITY TREASURER'S:QUARTERLY REPORT
• For the quarter:ending:December 31,2012
rt iv ' s + x 0 2 ., - ;' .. °J r
Ilmccfiunis uatna411ntit d : -w- .,_ . ._a'o� 'uurtcr nu .. . LkwrcaK a . ..
Investments Managed by City Treasurer:.
•
Assessment District Bond(AD)`2000 0l 602,262 31. 602,262.31
Sub-Total Assessment Districts Bond (AD)Accounts 602,26131 -. - 602,262.31
LAIF 48,781,44938 . 43344.64 - 48,824,794 02
LAIF accrued interest - '43,34364 ,39,608:51 (43,344,64) 39,608 51
Sub-Total LAW • . 48,824,794.02' 82,953.15 (43,344.64) 48,864,402.53
CAMP Pool-Treasurer's Investment Money Market 15,303,931 96 ;12;547,475.77 (4,542,297.45) 23,309,110 28
Sub-Total CAMP Pool Managed Account 15,303,931.96 12,547,475.77. (4,542,297.45) 23,309,110.28
Federal Agency Bonds/Discount Notes 11,876,958:76'. 598,602.00 (1,753,118 00) 10,722,442 76
Fed Agency accrued interest 36,620.22 40,234'.04 (51,929 18) 24,925 08
US Treasury Bonds/Notes 11,093800 59 2317215.82 (952,388.67) 12,459,627,74
521,05799 39,195.11 21,717,10 38,53600
US Treasury accrued interest (- )
Corporate Notes - 459,244 80 459,244.80
Corporate Notes accrued interest - 1331 25 1 03125
Commercial Paper 1;197,068.00 - (599,159.50) 597,908.50
Commercial Paper accrued interest _ - - - -
Sub-Total PFM Securities Managed Account** 24,226,505,56' ,3,455,523.02 (3,378,312.45) 24;303,716.13
Subtotal 88,957(493.85 16,085,951.94 (7,963,954.54) 97.079,491.25
Certificate of Deposits:
Circle Bank 250,000.00 22122 (221 22) 250,000.00
Sub-Total Certificate of Deposits 250,000.00 221122 (221122) 250,000.00
Checking Accounts:
Exchange-General Operating 2;323,71722- 40,169,869.69 (38,136254.84) 4,357,332.07
Exchange-Payroll (3;213.16). 5,072,177 87 (5,060,818 41) 8,146.30
Thomas Lee Charity Trust 2,067:38 2,067.38
Police Trust 321,835,21'- 163,939.82 (35,633.96). 350,141.07
. Sub-Total Checking Accounts ' 2,544,406.65 45,405;987.38 (43,232,707.21) 4,717,686.82
1
Total Cash and Investments Managed by the City.Treasurer 91,751,900.50 .61,492,160.54 (51,196,882.97) 102,047,178.07
Investments Managed by Trustees Fiscal Agents:
CAMP-AD 23,24,25 Accounts Money Market 427,374 28 225.44 - 427,599.72
CAMP-200113 Water Rev,2003 COP,,20137 TAB,2011 TAB 11,793,899.25 5,82635 (662,052.57) 11,137,673.03
Sub-Total CAMP-Debt Issue Accounts** 12,221,273.53 6,051.79 (662,052.57) 11,565,272.75
Bank of New York 2;246,500.00. 652,52500 (652,525.00) 2,246,500.00
Union.Bank Blackrock 1.16 7,678,465.03 (7,675,174.26) 3,291.93
US Bank First American !Teas 11,167,01761 1,830,11971 (1,829,363.20) 11,167,774.12
Wells Fargo Government Money Market - - - -
Sub-total Trustees Money Market'Account .13;413;518.77 10,161,109,74 (10,157,062.46) '13,417,566.05
Total.Cash and Investments Managed hvFiscalAgents 25,634,792.30 '.10,167,161153 (10,819,115.03) 24,982,838.80
TOTAL CASH AND INVESTMENTS' .117,386,692.80 71,659,322,07 (62,015,998.00 127,030,016.87
”See detail attached Accrued interest (104,10084)
General Ledger 126325,916.03
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CITY OF'PETALUMA,CALIFORNIA
CITY TREASURER'S+QUARTERLY REPORT
For the quarter ending December 31,2012
Cost vs. Fair Market Value
Cost FV Gain/(Loss)
US Treasury Bond/Note 12,459,627.74 12,475,126.60 15,498.86
Federal Agency Bond/Discount Note 10,722,442.76 10;672,629.47 (49,813.29)
Corporate Note 459,244.80 459,750.15 50535
Commercial Paper 597,908.50 599,438.40 1,529.90
Sub-Total PFM Treasurer's Invest Securities , 24;239,223:80 24,206,944.62 (32,279.18)
CAMP Pool Money Market Fund 23,309,110.28 23,309,110.28 -
I
Sub-Total CAMP Treasurer's Investments 47,548,334.08 47;516,054.90 (32,279.18)
Accrued Interest 64,492.33
CAMP Total Investment Managed Securities4Held 47;580,547.23
CAMP Debt Issue Managed Accounts 11,565,272.75 11,565,272.75 -
PFM CAMP Total Treasurer's Investments,** 59,113,606.83- 59;081,327.65 (32,279.18)
LAIF 48,824,794.02, 48,879,830.84 55,036.82
LAIF amortized cost rate 1.00112723100
** See detail attached
PS
Urititled Page Page 1 of l•
? eye
yrR ?
al cosi.
! JOHN CHI.ANG
California State Controller
LOCAL AGENCY INVESTMENT FUND
REMITTANCE ADVICE
Agency Name PETALUMA
I Account:Number 98-49-650
As of 01/15/2013,your Local Agency_Inve'stment Fund,abcOunt has been directly credited
with the interesrearned on your deposits for the quarter!ending 12/31/2012.
Earnings Ratio .00000881899236296
Interest Rate 0.32%
Dollar Day Total $ 4,491,274,224.88
1
Quarter End Principal Balance $ 48,824,794.02
Quarterly Interest Earned $ 39,608.51
•
1
I
21
http://laif:sco.ca.gov/Result.aspz. 3/4/2013
State of California
Pooled Money Investment Account
Market Valuation
12/31/2012*
CarryingiCost Plus
9� Description, ACCFUed,lrlterest Purch. • , Amorttie' Cost&" raft.Value'. Accttied.Interest
• United States Treasury:
,`Bills - $ 20;014,359193.25 $ .20,028;817 536 91 '$ 20;033;448,800.00 NA
Notes $ 14:732,478,642.74 •$ 14,732,478,642.74. $. 14,775;668,500:00. $ 12,869,927.00
i l
•
Federal Agency:
SBA. $ 525;864',983:85' :$ 1 525,864,983%85'. ;$ '526;379;724:76: $ 543,304.13
MBS-REMICs $ 256;334642:80. '$ ' I 256,334,642:80. `.$ :278;039,972-.37 '$ 1,226;041.18
Debentures $ 1,2001310,087:04. $ '11,200;310087:04. ;$ 1,201,248,000.00, $ 1,182,334.00.
Debentures FR $ . ,$ I - 15 - $
Discount Notes $ 3;1941940,722.24' `$ ,3,197;374;444.44 $ .3,198 546;000:00. NA
'GNMA $ 4,952.66 •$ _i 4;9521661 ,$ 4,986:48'. $ 49.61
•
IBRD Debenture $ 399';961,857:92 $ . 399;961,857.92 ,$ 400;580,000!00 $ 83,332.00
IBRD Deb FR $ - .$ - ':$ - $ -
CDs'and YCDs FR $ 400;000;000.00 $' ' 400,000,000:00; '.$ 400;000,000.00 $.. 272,747.22
Bank Notes $ - $. -, '.$ . - - . $ -
CDs and YCDs $. •4;800,000,000;00 '$ :4,800;000 000:00: .$ 4;799;224,554.94 $ 618,736:09
Commercial Paper $ 1;599;6001611.08 1$ -':1,599;644',083:29 ,$ 1,598:907,347:22. NA
Corporate:
Bonds FR $ - $' - $ - $ -
Bonds $ .. i$ - $ -
Repurchase Agreements $ - -$ - $ - $
Reverse Repurchase $ - $ - $ - $
Time.Deposits $ .4;3331640;000.00 .$ '4,333;64000000 '$ :'4,333',640;000.00 NA
AB 55&GF Loans $ 11,739,482:016.23 $ 11,739,482,016;23! .$ 11,739,482;01623 NA
TOTAL $ 631196,977;709:81. `$. 63,213,913,24T88` i$ 63,285',1691902100 $ 16,796,471.23
Fair Value Including Accrued Interest $ 63,301,966,373.23
Repurchase Agreements, Time Deposits;AB 55'&.General Fund Loans,snd
Reverse.Repurchase agreements'are carried at portfolio book,val'ue(carrying cost).
The value,of each participating dollar equals the fair value,divided by the amortized cost(!1:001.127231).
As an example it an agency'has an account balance of.$20 000;000.00'then the agency would report its
participation in.the-LAlFvalued at$20,022:544:61.or$20;000,000:00x1.001127231..
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City of Petaluma Performance.Stirnmaries
Annualried Returns as of• • , r f- ,.
September130,20,12 City of Petaluma, ML;Treasury Iridez
yeast Quarter " 1 09% ' ' ` 1 02`%• a'w
As, Pa'st'6 Months f -, 1 0''4% ` `t -,' ts 0°90%0 - ' I
Aj)Pasf Year .ar ..0 94%*w tI .0 - rOb'59% a
ge . f -Past *Years a x,W 1 58/at.` y` .. % 1 2F1°lo
.. y e y 0 i ' ,m a 6 0/ ^ .o Ate.'
. "��' t .. Pasts5 Years ��...� ' a° 3 22%� 4,cis . :,_41.:1-4„4 . . i2._.5 ,os :x"""-•.:
ak Effective Duration 41:80 years x" 82 years,..r"
x•
,, YinIcton+Cost `y.62% + �' F 6t2102,. ," � yI. -<. �
•
• •
Annualized Returns as of
Decemberr31,,2012; - . ..Citytof'Petaluma. ,ML`Treasury Index ..
ff
Pastidueher 6;42- ° ,• ` 0'27% =p 1
•Q el PasC 6 Mdnths` 07 5% n s 0?64% :,•-•,*is .,
°° 4 Past Year . 0 8i 0:46°/„0, .r' .-<•Past.-3 YeaTs1 '. a 1 r 0 52 ,e 1y23% .,
m P4stt,5 Y„earsC l'2'.8-1§70'' ''& 2,10, 0 F. •
-- .,,• EffeanieDuratton of ' 1180 years, ' 1 80yea s
I q x. ,y* Fr .Y eld ion-eat z. ° 0.5470' � :'gip r r f ',0.259/0•• .e *. /`
Notes:.
1. Merrill Lynch Indices provided by Bloomberg Financial Markets.
2. CAMP Cash Reserve Pool holdings excluded from performance,yield and duration calculations.
3. Performance numbers are'presented on an annualized basis.
4: The City's Treasury benchmark was the Merrill Lynch 1-3 Year Index'from inception to 6/30/12. Then
the benchmark switched to the Merrill Lyncii I'Year Treasury Index.On 6/30/11 the-benchmark
returned to'the Merrill Lynch I-3 Year Treasury Index;
5. Inception date,is 12/31/01.
44