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HomeMy WebLinkAboutStaff Report 3.B 7/7/2014�ALD� RO 785$ DATE: July 7, 2014 TO 10WeM0 Honorable Mayor and Members of the City Council through City Manager William Mushallo, Finance Director SUBJECT: Resolution to Receive and File the City Treasurer's Report for the Period Ending March 31, 2014, RE, COMME It is recommended that the City Council adopt the attached Resolution to Receive and File the City Treasurer's Report dated March 31, 2014. 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 3, 2013 which delegated investment authority to the City Treasurer for the Fiscal Year 2013-14. 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. This is the third quarterly report for the Fiscal Year 2013-2014. 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 total beginning balances of all cash and investments, and total quarterly activity and ending balances Agenda Review: City Attorney Finance Directbr/L/�City M .�� Provides quarterly activity and ending balances in 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 O 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. That rate was .20% for the last six months. The City annualized return outperformed the Index by .06% coming in at .26% for the last six months. The Treasurer's report also calls for the listing of all inter -fund loans currently in place. They are listed below: Pursuant to the Resolution No. 2013-013 N.C.S, the City Council approved an inter -fund loan not -to -exceed amount $544,000 from Community Facilities Impact Fee to fund the energy efficiency improvements at the Swim Center, Cavanaugh Center, Airport, Senior Center, Corporation Yard and Fire Stations 1, 2 and 3. The loan balance at March 31, 2014 is $452,592. Pursuant to the resolution No. 2011-091 N.C.S, the City Council approved an inter -fund loan not -to -exceed amount $600,000 from the Risk Management Fund to the Payran UST Site Remediation Project. The loan is to be paid back in full within 5 years of the initial transfer. The loan balance at March 31, 2014 is $324,395. Pursuant to the Resolution No. 2012-105 N.C.S, the City Council approved an inter -fund loan from Storm Drainage Impact Fee to Storm Water Utility not -to -exceed amount $800,000. This Loan is to be paid back in full within 12 years. The loan balance at March 31, 2014 is $533,209. FINANCIAL IMPACTS The balance of cash and investments as of March 31, 2014 was $133.8 million. This is up $2.1 million from the balance at the end of June. The increase is due mainly to the receipt of impact fee revenue for the Deer Creek project, City Sports Club, commercial building on 1385 N McDowell Blvd, and Kellgren Senior Apartments. The net investment earnings during the quarter ending March 3151 were $120,386. The required action is to receive and file the Treasurer's Report. ATTACHMENTS 1. Resolution to Receive and File the City Treasurer's Report dated March 31, 2014. 2. City Treasurer's Report dated March 31, 2014. RE ATTACHMENT RESOLUTION TO RECEIVE AND FILE THE CITY TREASURER'S REPORT DATED MARCH 31, 2014 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 report dated March 31, 2014 and directs the City Clerk to file it. 3 City of Petaluma Quarterly Investment Report January 1 to March 31, 2014 IN rA .PMOOMMom This report is presented in accordance with the City's investment 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 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. The month end account statement of assets managed by Public Financial Management, LLC (PFM), the Local Agency Investment Funds (LAIF) quarterly statement, and the City's performance summary of portfolio investments as compared to applicable benclunarks 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 March 31, 2014 CITY OF PETALUMA, CALIFORNIA CITY TREASURER'S QUARTERLY REPORT For the quarter ending March 31, 2014 Cash activity for the fiscal year: Cash and Investments, Beginning of the quarter, 12/31/2013 Cash Receipts Cash Disbursements Cash and Investments, End of the Quarter, 03/31/2014 Cash and Investment Portfolio at Investments Managed by City Treasurer: Assessment Districts Bonds Local Agency Investment Funds (LAIF) CAMP Pool (CA Asset Management Prog) PFM Investments Securities ** Certificate of Deposits Checking Accounts Subtotal Investments Managed by Fiscal Agents: CAMP Debt Issue Accounts Trustee Money Market Accounts Subtotal Total Cash and Investments March 31, 2014 S 131,725,885 40,208,069 (38,169,826) S 133,764,128 Percent Fair Market Par Value of Value* (Cost) Portfolio 550,047 550,047 0.41% 49,006,852 49,019,163 36.65% 30,016,108 30,016,108 22.44% 23,924,661 24,116,147 18.03% 250,000 250,000 0.19% 4,816,880 4,816,880 3.60% 108,564,547 108,768,345 81.31% 11,578,036 11,578,036 8.66% 13,417,746 13,417,746 10.03% 24,995,782 24,995,782 18.69% 133,560,329 133,764,127 100.001% I certify that this report contains the total amounts of cash and investments at March 31, 2014 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 expenditure requirements for the next six months. We respectfully submit the quarterly investment report for the quarter ending March 31, 2014 William Mushallo, Finance Director *Fair market values are furnished by the State of California, Local Agency Investment Fund and California Asset Management Program. ** See detail attached CITI' OF PETALUNIA, CALIFORNIA CITI' TREASURER'S QUARTERLY REPORT For the quarter ending March 31, 2014 A -1r 428 035.88 ti ,t .. t" -z ,.�.; < it, 1nveAmear3 dlruurged 63. City Treasurer: 428,103.22 CAMP- 2003 COP, 2007 TAB, 20111AB 11,148,182.85 1,749.52 - Assessment District Bond (AD) 2000-01 Sub -'Fold CAMP -Dela Issue Accounts "" 550,046.98 1,816.86 550,046.98 Sub -Total .Assessment Districts Bund (AD) Accounts 2,246,500 00 550,146.98 - '_ 246,500,00 550,046.98 LAIF 111,824.41 48,959,769.46 31,546.18 - 48,991,315.64 LAIF accrued interest (112,151.88) 31,546.18 27,847.60 (31,546.18) 27,84760 Sub -Todd LAIF 249995,781.70 48,991,315.64 59,393.78 (31,546.18) 49,019,163.24 CAMP Port -Treasurer's Investment Money Market 24,439,187.84 10,279,237.89 (4,702,317,99) 30,016,107.74 Sub=Fatal CAMP Pool Mamiged Account 24,439,187.84 10,279,237.89 (4,702,317.99) 30,016,107.74 Federal Agency Bonds/Discount Nates 6,132,282.57 799 042.68 (4111 966.26) 2,719,358.99 Fed Agency accrued interest 10,19295 7,81635 (16,123.61) 1,890.69 US 'I reasury Bonds/Notes 13,178,657.23 38910(13.72 - 17,069,660.95 US Treasury nccrued interest 28,413.64 56,376.60 (34,312.50) 5847274 Corporate Notes 3,166,836.35 - - 3,166,836.35 Corporate Notes accrued interest 7,706.76 6,765.94 (8,268.79) 6,203,81 Certificate of Deposit 1,599,923.86 - (499923.86) 1,100,000.00 Certificate of'Deposit accrued interest 1,333.14 1973.26 (1,587.51) 1,718.89 Sub -Total PF51 Securities Mamiged Account X8 24,125,35150 4,762,978.45 (4,772,182.53) 24,116,147.42 Sutural 98,1()5,9111.96 15,101,610.12 (9,506,046.70) 103,701,465.38 Certificate or Depusirs: Circle Bank 250,00400 215.79 (215.79) 250,00400 Sub-Tmnl Certificate of Deposits 250,000.00 215.79 (215.79) 250,0011.0U Cheeldng Accounts: Exchange -General Operating 8,141,771.09 20,602,741.60 (24,070,637.70) 4,673,874.99 Exchanue-Pavroll 59,938.68 4,389,841.97 (4,441,740,24) 8,040.41 'Phomas Lee Charitv Trust 2,067.38 - - 2,067.38 Police Trust 17191315 17.83 (39,033.74) 132,897.34 Suh=Fatal Checking Accounts 8,375,690.411 24,992,6111.40 (28,551,411.68) 4,816,880.12 Total Cosh and Investmmus Managed by the City Treasurer 106,731,592.36 40,094,427.31 (38,057,674.17) 108,768,345.50 luresnnenos 4humgerl (0' Trustees Fiscal: lgents CAMP -AD 23, 24, 25 Accounts Money Market 428 035.88 67.34 - 428,103.22 CAMP- 2003 COP, 2007 TAB, 20111AB 11,148,182.85 1,749.52 - 11,149,932.37 Sub -'Fold CAMP -Dela Issue Accounts "" 11,576 218.73 1,816.86 11,578,035.59 Bank .1 New York 2,246,500 00 - - '_ 246,500,00 US Bank First American Trans 11,171573.58 111,824.41 (112,151.88) 11,171746.11 Sub-Total'rrustees Munev Mnrlmt Account 13,418,073.58 111,824.41 (112,151.88) 13,417,746.11 Total Cash and Investments Managed by Fiscal Agents 24,994,292.31 113,641.27 (112,151.88) 249995,781.70 'TOTAL CASH AND INVESTMENTS 131,725,884.67 40,208,068.58 (38,169,826.05) 133,764,127.20 s.e detail nnadsd Accrued interest (88,138-73) General Ledner 133 675 988 47 6 y O U U = im o `v ¢ `c C, M `S CITY OF PETALUMA, CALIFORNIA CITY TREASURER'S QUARTERLY REPORT For the quarter ending March 31, 2014 Cost vs. Fair Market Value Unrealized Cost FV Gain/(Loss) US Treasury Bond/Note 17,069,660.95 Federal Agency Bond/Discount Note 2,719,358.99 Corporate Note 3,166,836.35 Certificate of Deposit 1,100,000.00 16,934,096.76 (135,564.19) 2,717,431.53 (1,927.46) 3,172,118.67 5,282.32 1,101,013.80 1,013.80 Sub -Total PFM Treasurer's Invest. Securities 24,055,856.29 23,924,660.76 (131,195.53) CAMP Pool Money Market Fund 30,016,107.74 30,016,107.74 Sub -Total CAMP Treasurer's Investments 54,071,964.03 53,940,768.50 (131,195.53) Accrued Interest 60,291.13 CAMP Total Investment Managed Securities Held 54,001,059.63 CAMP Debt Issue Managed Accounts 11,578,035.59 11,578,035.59 PFM CAMP Total Treasurer's Investments ** 65,649,999.62 65,518,804.09 (131,195.53) LAIF LAIF amortized cost rate ** See detail attached 48,991,315.64 49,006,851.67 1.00031711800 15,536.03 �� f f rc v ° �� Account Statement - Transaction Summary For the Month ending March 31, 2014 Opening Market Value 29,984,551.53 Purchases 2,329,535.69 Redemptions (2,297,979.48) Unsettled Trades 0.00 Change in Value 0.00 Closing Market Value $30,016,107.74 Cash Dividends and Income 1,552.20 Opening Market Value 23,966,678.67 Purchases 1,453,532.04 Redemptions (1,453,666.34) Unsettled Trades 0.00 Change in Value (41,883.40) Closing Market Value $23,924,660.97 Cash Dividends and Income 16,358.18 li' W13FM Asset Management LLC CAMP Pool CAMP Managed Account Total CAMP Managed Account 44.35% March 31, 2014 February 28, 2014 30,016,107.74 23,924,660.97 $53,940,768.71 29,984,551.53 23,966,678.67 $53,951,230.20 Account 531-00 Page 1 Managed Account Summary Statement For the Month Ending March 31, 2014 ening Market Value $29,984,551.53 Opening Market Value $23,966,678.67 Opening Market Value $53,951,230.20 chases iemptions ising Market Value idend 2,329,535.69 (2,297,979.48) Maturities/Calls 0.00 Principal Dispositions (1,453,666.34) Principal Acquisitions 1,453,532.04 Unsettled Trades 0.00 Change in Current Value (41,883.40) $30,016,107.74 Closing Market Value 1,552.20 $23,924,660.97 Closing Market Value $53,940,768.71 =_rest/Dividends/Coupons Received 20,130.15 Closing Cash Balance $0.00 s Purchased Interest Related to Interest/Coupons (5,884.95) s Net Realized Gains/Losses 2,112.98 :al Cash Basis Earnings ling Amortized Value of Securities ling Accrued Interest s Proceeds from Sales s Proceeds of Maturities/Calls/Principal Payments s Coupons/Dividends Received s Cost of New Purchases s Beginning Amortized Value of Securities s Beginning Accrued Interest idends :al Accrual Basis Earnings $16,358.18 23,915,051.74 53,931,159.48 Maturities/Calls 0.00 60,291.13 60,291.13 Sale Proceeds 2,311,646.77 1,455,820.73 3,753,800.21 Coupon/Interest/Dividend Income 15,124.72 0.00 0.00 Principal Payments 0.00 15,124.72 15,124.72 Security Purchases (2,294,826.17) (1,459,349.73) (3,788,885.42) Net Cash Contribution (31,945.32) (23,924,653.11) (53,909,204.64) Reconciling Transactions 0.00 (48,698.34) (48,698.34) 0.00 1,552.20 $13,587.14 $15,139.34 =PPt` I Account 531-00 Page 2 PFM Bisset Management LLC 6_� -' �t�. Portfolio Summary and Statistics settled Trades 55.65% 0.00 0.00 0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years US TSY Bonc For the Month Ending March 31, 2014 posit Note and / 'und Yield to Maturity at Cost 0.53°/% Yield to Maturity at Market 0.47% scription Par Value Market Value Percent . Treasury Bond / Note 16,640,000.00 16,934,096.97 31.39 leral Agency Bond / Note 2,710,000.00 2,717,431.53 5.04 porate Note 3,160,000.00 3,172,118.67 5.88 tificate of Deposit 1,100,000.00 1,101,013.80 2.04 naged Account Sub -Total 23,610,000.00 23,924,660.97 44.350/a rued Interest 60,291.13 :at Portfolio 23,610,000.00 23,984,952.10 4p Pool 30,016,107.74 30,016,107.74 55.65 :at Investments 53,626,107.74 54,001,059.84 100.00°70 settled Trades 55.65% 0.00 0.00 0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years US TSY Bonc For the Month Ending March 31, 2014 posit Note and / 'und Yield to Maturity at Cost 0.53°/% Yield to Maturity at Market 0.47% Duration to Worst 1.80 Weighted Average Days to Maturity 670 -PPi' Account 531-00 Page 3 ifmF PFM Asset Management LLC Managed Account Issuer Summary For the Month Ending March 31, 2014 Market Value ssuer of Holdings Percent PPLE INC 224,255.48 0.42 ANK OF NEW YORK 499,143.51 0.93 ANK OF NOVA SCOTIA 501,435.00 0.93 ERKSHIRE HATHAWAY INC 331,699.50 0.61 AMP Pool 30,016,107.74 55.65 OLGATE-PALMOLIVE COMPANY 455,467.50 0.84 iEERE & COMPANY 276,132.73 0.51 ANNIE MAE 998,032.64 1.85 EDERAL FARM CREDIT BANKS 799,132.00 1.48 EDERAL HOME LOAN BANKS 474,032.90 0.88 REDDIE MAC 446,233.99 0.83 IENERAL ELECTRIC CO 564,672.36 1.05 �LAXOSMIIHKLINE PLC 375,072.38 0.70 EPSICO, INC 189,713.86 0.35 ABOBANK NEDERLAND 599,578.80 1.11 OYOTA MOTOR CORP 255,961.35 0.47 iNITED STATES TREASURY 16,934,096.97 31.39 'otal $53,940,768.71 100.000/0 2.43% .;j=ry1' ' Account 531-00 Page 4 PFM .Asset Managen7ent :LLC IS TREASURY NOTES 912828RV4 1,075,000.00 AA+ Aaa 01/05/12 01/06/12 1,070,800.78 0.38 790.01 1,073,987,39 1,076,217.98 STD 12/15/20110.250% 12/15/2014 IS TREASURY NOTES 912828RZ5 500,000.00 AA+ Aaa 01/24/12 01/25/12 498,105.47 0.38 262.43 499,494.47 500,547.00 iTD 01/17/2012 0.250% 01/15/2015 IS TREASURY NOTES 912828SE1 950,000.00 AA+ Aaa 02/22/12 02/27/12 945,064.45 0.43 295.23 948,537.02 950,965.20 ITD 02/15/2012 0.250% 02/15/2015 IS TREASURY NOTES 912828SK7 750,000.00 AA+ Aaa 03/13/12 03/15/12 747,480.47 0.49 129,93 749,195.00 751,641.00 ITO 03/15/2012 0.375% 03/15/2015 iS TREASURY NOTES 912828NP1 550,000.00 AA+ Aaa 08/22/12 08/23/12 571,785.16 0.39 1,595.30 559,925.66 561,451.00 ITO 08/02/2010 1.750% 07/31/2015 iS TREASURY NOTES 91282SNP1 750,000.00 AA+ Aaa 09/06/12 09/10/12 780,585.94 0,33 2,175.41 764,163,51 765,615.00 TD 08/02/2010 1.750% 07/31/2015 S TREASURY NOTES 91282SNPI 1,325,000.00 AA+ Aaa 06/27/12 06/28/12 1,377,534.18 0.46 3,843.23 1,347,768.85 1,352,586.50 TD 08/02/2010 1.750% 07/31/2015 S TREASURY NOTES 91282BP33 250,000.00 AA+ Aaa 11/29/12 12/05/12 257,607.42 0.35 1,152.13 254,250.69 254,433.50 TD 11/30/2010 1.375% 11/30/2015 S TREASURY NOTES 912828PS3 340,000.00 AA+ Aaa 03/04/14 03/05/14 350,996.88 0.30 1,127.07 350,568,21 350,146.96 TD 01/31/20112.000% 01/31/2016 S TREASURY NOTES 912828841 1,600,000.00 AA+ Aaa 02/04/14 02/07/14 1,602,062.50 0.31 994.48 1,601,910.42 1,600,499.20 TD 01/31/2014 0.375% 01/31/2016 S TREASURY NOTES 912828OFO 725,000.00 AA+ Aaa 03/27/13 03/28/13 761,080.08 0.38 6,088.40 749325.48 747,882.45 TD 05/02/20112.000% 04/30/2016 5 TREASURY NOTES 912828KZ2 625.000.00 AA+ Aaa 05/10/13 05/15/13 680,175.70 0.41 5,106.18 664,745.65 662,793.13 iTD 06/30/2009 3.250% 06/30/2016 S TREASURY NOTES 912828KZ2 1,000,000.00 AA+ Aaa 05/22/13 05/24/13 1,086,367.19 0.44 8,169.89 1,062,719.30 1,060,469.00 iTD 06/30/2009 3.250% 06/30/2016 S TREASURY NOTES 912828KZ2 1,250,000.00 AA+ Aaa 05/24/13 05/31/13 1,354,003.91 0.53 10,212.36 1,326.02154 1.325,586.25 STD 06/30/2009 3.250% 06/30/2016 �PFAL' Account 531-00 Page 5 PFM Asset Management LLC eMIME Managed Account Detail of Securities Held For the Month Ending March 31, 2014 t , ITY OF PETALUMAA TREASURER'SNINUESTMENTS3(*12511505) ecurity Type/ Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value 5 TREASURY NOTES 912828RF9 TD 08/31/2011 1.000% 08/31/2016 11/27/13 S TREASURY NOTES 912828RF9 TD 08/31/2011 1.000% 08/31/2016 1,500,000.00 5 TREASURY NOTES 91282BRU6 TO 11/30/2011 0.875% 11/30/2016 11/01/13 5 TREASURY NOTES 912828RU6 TD 11/30/20110.875% 11/30/2016 AA+ S TREASURY NOTES 912828SM3 TO 03/31/2012 1.000% 03/31/2017 1,102,535.16 525,000.00 AA+ Aaa 825,000.00 AA+ Aaa 08/30/13 02/27/14 03/03/14 0.82 456.52 835,409.18 0.49 1.000,000.00 AA+ Aaa 11/27/13 12/03/13 1,008,593.75 0.58 1,500,000.00 AA+ Aaa 10/31/13 11/01/13 1,511,601.56 0.62 1,100,000.00 AA+ Aaa 03/19/14 03/21/14 1,102,535.16 0.92 717.39 2,932.69 4,399.04 30.05 527,312.67 835,081.61 1,007.661.57 1,510,053.65 1,102,510.86 529,634.70 832.283.10 1,003.438.00 1,505,157,00 1,102,750.00 ecurity Type Sub -Total Bond �(Note 16,640,000.00 17,069,660.95 0.49 50,477.74 16,935,234.55 16,934,096.97 2EDDIE MAC GLOBAL NOTES 3137EACY3 445.000.00 AA+ Aaa 05/30/12 05/31/12 447,759.00 0.50 1,168.13 445,725.32 7777777 446.233.99 TO 10/06/20110.750% 11/25/2014 .-DERAL FARM CREDIT BANK BONDS 3133EDFCI 800,000.00 AA+ Aaa 02/12/14 02/14/14 799,042.68 0.28 208.89 799,125.89 799,132.00 TO 02/14/2014 0.200% 08/14/2015 iLB (CALLABLE) GLOBAL NOTES 3130AOGKO 475,000.00 AA+ Aaa 12/12/13 12/30/13 474,857.50 0.39 450.26 474,875.46 474,032.90 TD 12/30/2013 0.375% 12/30/2015 ANNIE MAE GLOBAL NOTES 3135GOVAS 440.000.00 AA+ Aaa 02/14/13 02/15/13 439,498.40 0.54 6.11 439,678.28 440,295.24 TO 02/15/2013 0.500% 03/30/2016 JMA NOTES 3135GOCM3 220,000.00 AA+ Aaa 10/01/13 10/03/13 223,249.40 0.75 22.92 222,716.40 223.094.96 TO 08/19/2011 1.250% 09/28/2016 4MA NOTES 3135GOCM3 330,000.00 AA+ Aaa 10/01/13 10/03/13 334,952.01 0.74 34.38 334,139.65 334,642.44 TD 08/19/20111.250% 09/28/2016 -curity Type Sub -Total 2,710,000.00 2,719,358.99 0.47 1,890.69 2,716,261.00 2,717,431.53 =PF -NI' ' Account 531-00 Page 6 11FM Asset Management.LLC C ja r v Managed Account Detail of Securities Heid For the Month ending March 31, zoic - `,QF, PETALUMA TREASUR,ER'S' INVESTMENTS 531 00 "(125115Q5) ;ecurity Type/ Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value :OLGATE-PALMOLIVE CO 194160D00 450,000.00 AA- Aa3 12/19/12 12/29/12 459,244.80 0.65 2,578.13 455,152.24 455,467.50 TO 11/03/2010 1.375% 11/01/2015 GENERAL ELEC CAP CORP 36962G6R0 250,000.00 AA+ Al 01/03/13 01/08/13 249,197.50 1.11 576.39 249,523.55 251,795.25 TO 01/08/2013 1.000% 01/08/2016 OHN DEERE CAPITAL CORP GLOBAL NOTES 24422ERZ4 275,000.00 A A2 01/17/13 01/23/13 274.708.50 0.79 395.31 274,823.32 276,132.73 TO 01/23/2013 0.750% 01/22/2016 EPSICO INC GLOBAL NOTES 713448CE6 190,000.00 A- Al 02/25/13 02/28/13 189,933.50 0.71 129.31 189,957.49 189,713.86 TO 02/28/2013 0.700% 02/26/2016 ANI( OF NEW YORK MELLON (CALLABLE) 06406HCG2 225,000.00 A+ Al 03/05/13 03/06/13 224,867.25 0.72 118.13 224,914.33 224,614.58 TO 03/06/2013 0.700% 03/04/2016 ANK OF NEW YORK MELLON (CALLABLE) 06406HCG2 275.000.00 A+ Al 03/04/13 03/06/13 274,837.75 0.72 144.36 274,895.29 274.528.93 TO 03/06/2013 0.700% 03/04/2016 ;LAXOSMITHKLINE CAP INC GLOBAL NOTES 377372AG2 375,000.00 A+ Al 09/27/13 10/02/13 374,733.75 0.73 94.79 374,787.30 375,072.38 STD 03/18/2013 0.700% 03/18/2016 ,PPLE INC GLOBAL NOTES 037833AH3 225,000.00 AA+ Aal 04/30/13 05/03/13 224,592.75 0.51 416.25 224,715.79 224,255.48 ,To 05/03/2013 0.450% 05/03/2016 OYOTA MOTOR CREDIT CORP 89236TAL9 255,000.00 AA- Aa3 05/14/13 05/17/13 254,895.45 0.81 759.33 254,925.59 255,961,35 STD 05/17/2013 0.800% 05/17/2016 GENERAL ELEC CAP CORP (FLOATING) 36962G7A6 310,000.00 AA+ Al 07/09/13 07/12/13 310,000.00 0.93 591.21 310.000.00 312,877.11 ,To 07/12/2013 0.8920/. 07/12/2016 ERKSHIRE HATHAWAY FIN GLOBAL NOTES 084664BX8 330,000.00 AA Aa2 08/06/13 08/15/13 329,825.10 0.97 400.58 329,861.29 331,699.50 STD 08/15/2013 0.9500/. 08/15/2016 security Type Sub -Total ANK OF NOVA SCOTIA HOUS CERT DEPOS 06417FPL8 FLT TO 03/06/2013 0.500% 03/06/2015 3,160,000.00 3,166,836.35 0.79 6,203.81 3,163,556.19 3,172,118.67 500.000.00 A+ Aa2 03/04/13 03/06/13 500.000.00 0.59 178.89 500,000.00 501.435.00 �- Account 531-00 Page 7 PINI, ;i�F PFM Asset Managelrlent LLC J,X i r — Managed Account Detail of Securities Held Aa2 04/25/13 04/29/13 600,000.00 0.61 For the Month Ending March 31, 2014 ITY OF FETALUMTREASURER'S HP INVESTMENTS 531 00 iTD 04/29/2013 0.600% 04/29/2015 ...r. I. . ... s.u.n .. .. �.. .. ,(12511505) ..... .., w. 2 ._..�.. „ Iecurity Type/ Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value ABOBANK NEDERLAND NV NY CD 21684BEP5 600,000.00 AA- Aa2 04/25/13 04/29/13 600,000.00 0.61 11540.00 600.000.00 599.578.80 iTD 04/29/2013 0.600% 04/29/2015 security Type Sub -Total 1,100,000.00 1,100,000.00 0.60 1,718.89 1,100,000.00 1,101,013.80 lanaged Account Sub -Total 23,610,000.00 24,055,856.29 0.53 60,291.13 23,915,051.74 23,924,660.97 AMP Pool 30,016,107.74 AAAm NR 30,016,107.74 0.00 30,016,107.74 30,016,107.74 loney Market Sub -Total 30,016,107.74 30,016,107.74 0.00 30,016,107.74 30,016,107.74 ecurities Sub -Total $53,626,107.74 $54,071,964.03 0.530/a $60,291.13 $53,931,159.48 $53,940,768.71 ,ccrued Interest $60,291.13 otal Investments $54,001,059.64 =PFM'' Account 531-00 Page 8 PFM Asset Matxagement LLC - Managed Account Fair Market Value & Analytics For the Month Ending Marc 31, zola ITY OF; PETALUMA .,TREASURER'S INVESTMENTS. -'531 0o�,= (12511505) j ecurity Type/ Description Next Call Market Market Unreal G/L Unreal G/L Effective Duration YTM Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost Duration to Worst at Mkt 3 TREASURY NOTES 912828RV4 1,075,000.00 DEUTSCHE 100.11 1,076,217.98 5,417.20 2,230.59 0.71 0.71 0.09 ID 12/15/20110.250% 12/15/2014 i TREASURY NOTES 912828RZ5 - 500,000.00 BARCLAYS 100.11 500,547.00 2,441.53 1,052.53 0.79 0.79 0.11 ID 01/17/2012 0.250% 01/15/2015 3 TREASURY NOTES 912828SE3 950,000.00 CITIGRP 100.10 950,965.20 5,900.75 2,428.18 0.88 0.88 0.13 ID 02/15/2012 0.250% 02/15/2015 i TREASURY NOTES 912828SK7 750,000.00 DEUTSCHE 100.22 751,641.00 4,160.53 2,446.00 0.95 0.95 0.15 ID 03/15/2012 0.375% 03/15/2015 i TREASURY NOTES 912828NP1 550,000.00 MORGANST 102.08 561,451.00 (10,334.16) 1,525.34 1.32 1.32 0.19 ID 08/02/2010 1,750% 07/31/2015 i TREASURY NOTES 912828NP1 750,000.00 MORGANST 102.08 765,615.00 (14,970.94) 1,451.49 1.32 1.32 0.19 ID 08/02/2010 1.750% 07/31/2015 i TREASURY NOTES 912828NP1 1,325,000.00 BNP PARI 102.08 1,352.586.50 (24,947.68) 4,817.65 1.32 1.32 0.19 1T) 08/02/2010 1.750% 07/31/2015 i TREASURY NOTES 912828P33 250,000.00 BARCLAYS 101.77 254,433.50 (3,173.92) 182.81 1.64 1.64 0.31 n) 11/30/2010 1.375% 11/30/2015 i TREASURY NOTES 912828PS3 340,000.00 BARCLAYS 102.98 350,146.96 (849.92) (421.25) 1.80 1.80 0.37 ID 01/31/20112.000% 01/31/2016 i TREASURY NOTES 912828841 1,600,000.00 MERRILL 100.03 1,600,499.20 (1,563.30) (1,411,22) 1.83 1.83 0.36 FD 01/31/2014 0.375% 01/31/2016 i TREASURY NOTES 9128280FO 725,000.00 MORGANST 103.16 747,882.45 (13,197.63) (1,443.03) 2.03 2.03 0.48 ID 05/02/20112.000% 04/30/2016 i TREASURY NOTES 912828KZ2 625,000.00 RBS -SEC 106.05 662,793.13 (17,382.65) (1.952.52) 2.17 2.17 0.54 ID 06/30/2009 3.250% 06/30/2016 i TREASURY NOTES 912828KZ2 1,000,000.00 RBS -SEC 106.05 1,060,469.00 (25.898.19) (2,250.30) 2.17 2.17 0.54 ID 06/30/2009 3.250% 06/30/2016 i TREASURY NOTES 912828KZ2 1,250.000.00 BNP PARI 106.05 1,325,586.25 (28.417.66) (436.291 2.17 2.17 0.54 IT) 06/30/2009 3.250% 06/30/2016 3 TREASURY NOTES 912828RF9 525.000.00 RBS_SEC 100.88 529.634.70 1,763.61 2.322.03 2.38 2.38 0.63 ID 08/31/2011 1.000% 08/31/2016 3 TREASURY NOTES 912828RF9 825.000.00 MORGANST 100.88 832.283.10 (3.126.08) (2,798.51) 2.38 2.38 0.63 ID 08/31/20111.000% 08/31/2016 i TREASURY NOTES 91282BRU6 1.000,000.00 BARCLAYS 100.34 1,003,438.00 (5,155.75) (4.223.57) 2.63 j 2.63 0.74 ID 11/30/20110.875% 11/30/2016 Account 531-00 Page 9 �PPJI' PPM ,Asset Management LLC - Managed Account Fair Market Value & Analytics 445,000.00 For the Month Ending March 31, 2014 ITY O�f PETALUMA TREASURER'S INVESTNIEN/T5 Q0 (1251505) ruu ,, r k 446,233.99 ; 531 . r „3 ,err , v y ..,�..:a,._ lecurity Type/ Description Next Call Market Market Unreal G/L Unreal G/L Effective Duration YTM Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost Duration to Worst at Mkt S TREASURY NOTES 91282BRU6 1,500,000.00 CITIGRP 100.34 1,505.157.00 (6,444.56) (4,896.65) 2.63 2.63 0.74 TO 11/30/20110.875% 11/30/2016 EDERAL FARM CREDIT BANK BONDS 3133EDFCI 800,000.00 S TREASURY NOTES 912828SM3 1,100,000.00 MORGANST 100.25 1,102.750.00 214.84 239.14 2.95 2.95 0.92 To 03/31/2012 1.000% 03/31/2017 1.37 1.37 0.28 ecurity Type Sub -Total 16,640,000.00 16,934,096.97 (135,563.98) (1,137.58) 1.86 1.86 0.44 REDDIE MAC GLOBAL NOTES 3137EACY3 445,000.00 JPMCHASE 100.28 446,233.99 (1,525.01) 508.67 0.65 0.65 0.32 iTO 10/06/20110.750% 11/25/2014 101.22 455,467.50 (3,777.30) 315.26 1.56 1.56 0.60 100.41 276,132.73 1,424.23 1.309.41 1.79 1.79 0.52 OTES EDERAL FARM CREDIT BANK BONDS 3133EDFCI 800,000.00 MERRILL 99.89 799,132.00 89.32 6.11 1.37 1.37 0.28 TO 02/14/2014 0.200% 08/14/2015 EPSICO INC GLOBAL NOTES 713448CE6 190.000.00 JPMCHASE 99.85 189.713.86 (219.64) (243.63) 1.89 1.89 0.78 TO 02/28/2013 0.700% 02/26/2016 HLB (CALLABLE) GLOBAL NOTES 3130AOGKO 475.000.00 JPMCHASE 09/30/14 99.80 474,032.90 (824.60) (842.56) - 1.23 1.74 0.49 TD 12/30/2013 0.375% 12/30/2015 ANNIE MAE GLOBAL NOTES 3135GOVAS 440,000.00 CIFIGRP 100.07 440,295.24 796.84 616.96 1.99 1.99 0.47 TD 02/15/2013 0.500% 03/30/2016 NMA NOTES 3135GOCM3 220,000.00 BARCLAYS 101.41 223,094.96 (154.44) 378.56 2.45 2.45 0.68 TD 08/19/2011 1.250% 09/28/2016 NMA NOTES 3135GOCM3 330,000.00 BNP PARI 101.41 334,642.44 (309.57) 502.79 2.45 2.45 0.68 TD 08/19/2011 1.250% 09/28/2016 ecurity Type Sub -Total 36962G6RO 2,710,000.00 2,717,431.53 (1,927.46) 1,170.53 1.55 1.64 0.44 OLGATE-PALMOLIVE CO 194160DOO 450,000.00 JPMCHASE 101.22 455,467.50 (3,777.30) 315.26 1.56 1.56 0.60 TO 11/03/2010 1.375% 11/01/2015 ENERAL ELEC CAP CORP 36962G6RO 250,000.00 MERRILL 100.72 251,795.25 2,597.75 2,271.70 1.75 1.75 0.59 TO 01/08/2013 1.000% 01/08/2016 3HN DEERE CAPITAL CORP GLOBAL 24422ERZ4 275,000.00 JPMCHASE 100.41 276,132.73 1,424.23 1.309.41 1.79 1.79 0.52 OTES TD 01/23/2013 0.750% 01/22/2016 EPSICO INC GLOBAL NOTES 713448CE6 190.000.00 JPMCHASE 99.85 189.713.86 (219.64) (243.63) 1.89 1.89 0.78 TO 02/28/2013 0.700% 02/26/2016 -pr3C Account 531-00 Page 10 caff i PFM Asset Management LLC {h�S ecurity Type/ Description Dated Date/Coupon/Maturity Managed Account Fair Market Value & Analytics Next Call Market Market Unreal G/L CUSIP Par Broker Date Price Value On Cost N For the Month Ending March 31, 2014 Unreal G/L Effective Duration YTM Amort Cost Duration to Worst at Mkt ANK OF NEW YORK MELLON (CALLABLE) 06406HCG2 225,000.00 GOLDMAN 99.83 224,614.58 (252.67) (299.75) 1.91 1.91 0.79 TO 03/06/2013 0.700% 03/04/2016 1,100,000.00 1,101,013.80 1,013.80 1,013.80 0.59 1.01 0.45 lanaged Account Sub -Total 23,610,000.00 23,924,660.97 (131,195.32) 4NK OF NEW YORK MELLON (CALLABLE) 06406HCG2 275,000.00 GOLDMAN 99.83 274,528.93 (308.82) (366.36) 1.91 1.91 0.79 TD 03/06/2013 0.700% 03/04/2016 LAXOSMITHKLINE CAP INC GLOBAL 377372AG2 375,000.00 CITIGRP 100.02 375,072.38 338.63 285.08 1.95 1.95 0.69 OTES TO 03/18/2013 0.700% 03/18/2016 PPLE INC GLOBAL NOTES 037833AH3 225,000.00 GOLDMAN 99.67 224,255.48 (337,27) (460.31) 2.07 2.07 0.61 TO 05/03/2013 0.450% 05/03/2016 OYOTA MOTOR CREDIT CORP 89236TAL9 255,000.00 CITIGRP 100.38 255,961.35 1,065.90 1,035.76 2.10 2.10 0.62 TD 05/17/2013 0.800% 05/17/2016 ENERAL ELEC CAP CORP (FLOATING) 36962G7A6 310.000.00 CITIGRP 100.93 312.877.11 2,877.11 2,877.11 0.25 2.26 0.49 TD 07/12/2013 0.892% 07/12/2016 RKSHIRE HATHAWAY FIN GLOBAL 084664BX8 330.000.00 WELLSFAR 100.52 331,699.50 1,874.40 1,838.21 2.34 2.34 0.73 OTES TO 08/15/2013 0.950% 08/15/2016 ecurity Type Sub -Total 3,160,000.00 3,172,118.67 5,282.32 8,562.48 1.75 1.95 0.65 4NK OF NOVA SCOTIA HOUS CERT DEPOS 06417FPLB 500.000.00 GOLDMAN 100.29 501.435.00. 1,435.00 1,435.00 0.00 0.93 0.19 :IT TO 03/06/2013 0.500% 03/06/2015 ABOBANK NEDERLAND NV NY CD 21684BEP5 600,000.00 GOLDMAN 99.93 599,578.80 (421.20) (421.20) 1.08 1.08 0.67 TO 04/29/2013 0.600% 04/29/2015 ecurity Type Sub -Total 1,100,000.00 1,101,013.80 1,013.80 1,013.80 0.59 1.01 0.45 lanaged Account Sub -Total 23,610,000.00 23,924,660.97 (131,195.32) 9,609.23 1.75 1.80 0.47 AMP Pool 30,016.107.74 1.00 30.016,107.74 0.00 0.00 0.00 0.00 Toney Market Sub -Total 30,016,107.74 30,016,107.74 0.00 0.00 0.00 0.00 - Account 531-00 Page 11 ,1, -°= PFM Asset Management LLC ecurities Sub -Total Interest otal Investments Managed Account Fair Market Value & Analytics $53,626,107.74 $53,940,768.71 ($131,195.32) $54,001,059.84 I For the Month Ending March 31, 2014 $9,609.23 1.75 1.80 0.47% ®PP\i` I Account 531-00 Page 12 PFM Asset Management LLC I U27/14 03/03/14 US TREASURY NOTES 912828RF9 825,000.00 (835,409.18) (67.26) (835,476.44) DTD 08/31/2011 1.000% 08/31/2016 3/04/14 03/05/14 US TREASURY NOTES 912828PS3 340,000.00 (350,996.88) (619.89) (351,616.77) DTD 01131/20112.000% 01/31/2016 3/19/14 03/21/14 US TREASURY NOTES 912828SM3 1,100,000.00 (1,102,535.16) (5,197.80) (1,107,732.96) DTD 03/31/2012 1.000% 03/31/2017 ransaction Type Sub -Total 2,265,000.00 (2,288,941.22) (5,884.95) (2,294,826.17) 3/04/14 03/04/14 BANK OF NEW YORK MELLON 06406HCG2 225,000.00 0.00 787.50 787.50 (CALLABLE) DTD 03/06/2013 0.700% 03/04/2016 3/04/14 03/04/14 BANK OF NEW YORK MELLON 06406HCG2 275,000.00 0.00 962.50 962.50 (CALLABLE) DTD 03/06/2013 0.700% 03/04/2016 3/06/14 03/06/14 BANK OF NOVA SCOTIA HOUS CERT 06417FPLS 500,000.00 0.00 618.47 618.47 DEPOS (FLT DTD 03/06/2013 0.500% 03/06/2015 3/15/14 03/15/14 US TREASURY NOTES 912828SK7 750,000.00 0.00 1,406.25 1,406.25 DTD 03/15/2012 0.375% 03/15/2015 3/18/14 03/18/14 GLAXOSMITHKLINE CAP INC GLOBAL 377372AG2 375.000.00 0.00 1,312.50 1,312.50 NOTES DTD 03/18/2013 0.700% 03/18/2016 3/28/14 03/28/14 FNMA NOTES 3135GOCM3 330,000.00 0.00 2,062.50 2.062.50 DTD 08/19/2011 1.250% 09/28/2016 3/28/14 03/28/14 FNMA NOTES 3135GOCM3 220.000.00 0.00 1,375.00 1.375.00 DTD 08/19/2011 1.250% 09/28/2016 3/30/14 03/30/14 FANNIE MAE GLOBAL NOTES 3135GOVAS 440,000.00 0.00 1,100.00 1,100.00 DTD 02/15/2013 0.500% 03/30/2016 3/31/14 03/31/14 US TREASURY NOTES 912828SM3 1,100,000.00 0.00 5,500.00 5,500.00 DTD 03/31/2012 1.000% 03/31/2017 ransaction Type Sub -Total 4,215,000.00 0.00 15,124.72 15,124.72 4:5:=- Account 531-00 Page 13 -rr•�r a PFM Asset Management LLC F-) ����`�--� Managed Account Security Transactions & Interest For the Month Ending March 31, 2014 2/27/14 03/03/14 FREDDIE MAC GLOBAL NOTES 3134G2WG3 ITY OF PETALUMA TREASURER'S' INVESTMENTS 531 00 (12511505) 2,851.04 ..,... ,. _ Ar4 - <m ..x 1,275.00 2,656.81 SPEC LOT 'ransaction Type Principal Accrued Realized G/L Realized G/L Sale 'rade Settle Security Description CUSIP Par Proceeds Interest Total Cost Amort Cost Method 2/27/14 03/03/14 FREDDIE MAC GLOBAL NOTES 3134G2WG3 850,000.00 852,975.00 2,851.04 855,826.04 1,275.00 2,656.81 SPEC LOT DTD 08/05/20110.7500% 09/22/2014 3/04/14 03/05/14 FANNIE MAE GLOBAL NOTES 3135GOSBO 350,000.00 350,577.50 269.79 350,847.29 1,393.00 1,051.40 SPEC LOT DTD 11/16/2012 0.375% 12/21/2015 3/20/14 03/21/14 SVENSKA HANDELSBANKEN NY 86958CVFB 500,000.00 500,580.84 434.60 501,015.44 656.98 613.79 SPEC LOT FLOATING IT CD DTD 04/05/2013 0.423% 10/06/2014 3/20/14 03/21/14 FREDDIE MAC GLOBAL NOTES 3137EACY3 600,000.00 602,508.00 1,450.00 603,958.00 (1,212.00) 1,488.32 SPEC LOT DTD 10/06/20110.750% 11/25/2014 ransaction Type Sub -Total 2,300,000.00 2,306,641.34 5,005.43 2,311,646.77 2,112.98 5,810.32 lanaged Account Sub -Total 17,700.12 14,245.20 31,945.32 2,112.98 5,810.32 otal Security Transactions $17,700.12 $14,245.20 $31,945.32 $2,112.98 $5,810.32 =PF�i' Account 531-00 Page 14 PFM Asset Management LI_C 29,984,551.53 03/03/14 Purchase - Individual Portfolio Interest 1.00 2,851.04 29,987,402.57 03/03/14 Purchase - Individual Portfolio Sell 1.00 851,700.00 30,839,102.57 03/03/14 Purchase - Individual Portfolio Gain on Cost 1.00 1,275.00 30,840,377.57 03/03/14 Redemption - Individual Portfolio Buy 1.00 (835,476.44) 30,004,901.13 03/04/14 Purchase - Individual Portfolio Interest 1.00 962.50 30,005,863.63 03/04/14 Purchase - Individual Portfolio Interest 1.00 787.50 30,006,651.13 03/05/14 Purchase - Individual Portfolio Interest 1.00 269.79 30,006,920.92 03/05/14 Purchase - Individual Portfolio Sell 1.00 349,184.50 30,356,105.42 03/05/14 Purchase - Individual Portfolio Gain on Cost 1.00 1,393.00 30,357,498.42 03/05/14 Redemption - Individual Portfolio Buy 1.00 (351,616.77) 30,005,881.65 03/06/14 Purchase - Individual Portfolio Interest 1.00 618.33 30,006,499.98 03/07/14 Purchase - Individual Portfolio Interest 1.00 0.14 30,006,500.12 03/17/14 Purchase - Individual Portfolio Interest 1.00 1,406.25 30,007,906.37 03/18/14 Purchase - Individual Portfolio Interest 1.00 1,312.50 30,009,218.87 03/21/14 Purchase - Individual Portfolio Interest 1.00 1,450.00 30,010,668.87 03/21/14 Purchase - Individual Portfolio Interest 1.00 434.60 30,011,103.47 03/21/14 Purchase - Individual Portfolio Sell 1.00 499,923.86 30,511,02733 03/21/14 Purchase - Individual Portfolio Sell 1.00 603,720.00 31,114,747.33 03/21/14 Purchase - Individual Portfolio Gain on Cost 1.00 656.98 31,115,404.31 03/21/14 Redemption - Individual Portfolio Buy 1.00 (1,107,732.96) 30,007,671.35 03/21/14 Redemption - Individual Portfolio Loss on Cost 1.00 (1,212.00) 30,006,459.35 �— Account 531-00 Page 15 PFM Asset Management LLC 03/25/14 03/25/14 IP Fees February 2014 1.00 (1,840.56) 30,004,618.79 03/25/14 03/25/14 U.S. Bank Fees January 2014 1.00 (100.75) 30,004,518.04 03/28/14 03/28/14 Purchase - Individual Portfolio Interest 1.00 1,375.00 30,005,893.04 03/28/14 03/28/14 Purchase - Individual Portfolio Interest 1.00 2,062.50 30,007,955.54 03/31/14 03/31/14 Purchase - Individual Portfolio Interest 1.00 1,100.00 30,009,055.54 03/31/14 03/31/14 Purchase - Individual Portfolio Interest 1.00 5,500.00 30,014,555.54 03/31/14 04/01/14 Accrual Income Div Reinvestment - Distributions 1.00 1,552.20 30,016,107.74 losing Balance 30,016,107.74 Month of Fiscal YTD March January -March opening Balance 29,984,551.53 24,439,187.84 urchases 2,329,535.69 10,284,854.59 edemptions (Excl. Checks) (2,297,979.48) (4,707,934.69) heck Disbursements 0.00 0.00 losing Balance 30,016,107.74 30,016,107.74 ash Dividends and Income 1,552.20 4,568.14 Closing Balance Average Monthly Balance Monthly Distribution Yield 30,016,107.74 30,005,579.58 0.06% =Vpm' I Account 531-00 Page 16 PFM Asset Management LLC ULlu Llcu FarU JOHN CHIANG California State Controller LOCAL AGENCY INVESTMENT FUND REMITTANCE ADVICE Agency Name Account Number i.6, i vi i PETALUMA 98-49-650 As of 04/15/2014, your Local Agency Investment Fund account has been directly credited with the interest earned on your deposits for the quarter ending 03/31/2014. Earnings Ratio .00000631639966506 Interest Rate 0.23% Dollar Day Total $ 4,408,776,761.08 Quarter End Principal Balance $ 48,991,315.64 Quarterly Interest Earned $ 27,847.60 bnp://Iaif.sco.ca.gov/Result.aspx 5/12/2014 Fair Value Including Accrued Interest $ 57,568,181,448.80 Repurchase Agreements, Time Deposits, AS 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost (1.000317118). As an example: if an agency has an account balance of $20,000,000.00, then the agency would report its participation in the LAW valued at $20,006,342.37 or $20,000,000.00 x 1.000317118. •. • State of California Pooled Money Investment Account Market Valuation 3/31/2014 Description Carrying CostlPlus Accrued Interest Purch. 'Amortized Cost, Fair Value ' Accrued Interest', United Slates Treasury: Bills $ 13,485,141,238.10 $ 13,493,502,144.37 $ 13,495,650,000.00 NA Notes $ 17,363,685,393.04 $ 17,363,409,796.92 $ 17,377,558,000.00 $ 14,372,271.50 Federal Agency: SBA $ 551,389,934.60 $ 551,389,934.60 $ 547,459,655.45 $ 518,610.96 MBS-REMICs $ 131,169,641.99 $ 131,169,641.99 $ 140,815,213.91 $ 625,830.22 Debentures $ 1,392,831,307.69 $ 1,392,809,168.82 $ 1,392,270,210.00 $ 1,927,606.06 Debentures FR $ - $ - $ - $ Discount Notes $ 1,199,075,083.36 $ 1,199,675,666.66 $ 1,199,896,000.00 NA GNMA $ - $ - $ - $ - Supranational Debenture $ 149,906,515.88 $ 149,906,515.8B $ 149,775,500.00 $ 156,597.50 CDs and YCDs FR $ - $ - $ - $ - Bank Notes $ 500,000,000.00 $ 500,000,000.00 $ 499,920,655.01 $ 115,083.32 CDs and YCDs $ 8,850,016,516.72 $ 8,850,001,475.05 $ 8,847,441,069.69 $ 4,020,993.06 Commercial Paper $ 4,198,403,930.58 $ 4,199,185,444.41 $ 4,198,506,736.10 NA Corporate: Bonds FR $ - $ - $ - $ - Bonds $ $ $ $ - Repurchase Agreements $ - $ - $ - $ - Reverse Repurchase $ - $ - $ $ - Time Deposits $ 4,612,640,000.00 $ 4,612,640,000.00 $ 4,612,640,000.00 NA AS 55 & GF Loans $ 5,084,511,416.02 $ 5,084,511,416.02 $ 5,084,511,416.02 NA TOTAL $ 57,518,770,977.98 $ 57,528,201,204.72 $ 57,546,444,456.18 $ 21,736,992.62 Fair Value Including Accrued Interest $ 57,568,181,448.80 Repurchase Agreements, Time Deposits, AS 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). The value of each participating dollar equals the fair value divided by the amortized cost (1.000317118). As an example: if an agency has an account balance of $20,000,000.00, then the agency would report its participation in the LAW valued at $20,006,342.37 or $20,000,000.00 x 1.000317118. •. • of Petaluma Performance Summaries Returns as of March `31,'2014 City of Petaluma ML Treasury Index ' Past Quarter 0.18% 0.14% Past 6 Months 0.26% 0.20% Past Year 0.41% 0.38% Past 3 Years 0.80% 0.61% Past 5 Years 1.58% 0.97% Effective Duration 1.75 years 1.84 years Yield on Cost 0.53% 0.41% 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 for periods greater than one year 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 Lynch 1 Year Treasury Index. On 6/30/11 the benchmark returned to the Merrill Lynch 1-3 Year Treasury Index. 5. Inception date is 12/31/01.