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Home My WebLink AboutResolution 2002-127 N.C.S. 08/05/2002Resolution No. 2002-127 N.C.S. of the City of Petaluma, California RESOLUTION TO REVIEW AND FILE THE JUNE 30, 2002 QUARTERLY CITY TREASURER'S REPORT WHEREAS, State Law requires that the City Council review the City's Treasurer's Report on a quarterly basis for compliance with the adopted City Investment Policy. NOW, THEREFORE, BE IT RESOLVED that the City Council has reviewed said report and directs the City Clerk to file it. Under the power and authority conferred upon this Council by the Charter of said City. REFERENCE: I hereby certify the foregoing Resol~rtion was introduced and adopted by the Approved as to Council of the City of Petaluma at a (Regular) (Adjourned) (Special) meeting on the .........S.th............ day of ........E~UgUSt ................................... 20.QZ., by the following vote: ..............~i...................... malty Attbi`ney AYES: Cader-Thompson, Vice Mayor Healy, Maguire, Moynihan, O'Brien, Toiliatt NOES: None ABSENT: Thompson ATTEST: ... .. .. .. ................................... ............................ ..... ................................................................................... Cl Clerk Mayor Council File ................................... Res. Nn........2Q02>.1.27.........N.C.S. City of Petaluma, California Cash/Investments by Type -June,. 2002 Total Cash/Investments $78,735,337 Cash $ 1, 563,400 7~ 0 z a N 0 0 N N z LAIF $35,851,951 Fiscal Agents $22;060,970 icy Securities $17,558,762 r e ~av N filename: s:\accountant\cinde\excel\tr\2nd - CITY O)F PETALiJiVIA,.CA CITY'~ItEASIIR)Elt'S ~IJAIt'FERY,Y ~P®RT For-theiQuarterending June; 2i)02 - Cash;activity foc the quarter ,' Cash and Investments; $eginning of the quarter $ -"77;1'38,690 Cash~:Receipts -24;895,072: Cash Disbursements (23;298,426) Cash and Investments, end of the quarter $ 78,735,337 Cash and Investment: Eortfolio at June 30, 2002 Investments 1Vlanaged by City.'Treasurer: Local Agency Investment Eund We11s:~Fargo/Government 1Vloney Market Wells F,.argolFederal Agency Securities ~GA,Asset Management;Program CAMP/Federal Agency Securities .Wells Fargo Sweep.AC'count Subtotal Investments Managed by ~1'iscal Agents: CA Asset Management Program US Bank/First Am Treas Obligations Wells Fargo Money Market JP Morgan 'Union Bank/Blackrock Subtotal Checking Accounts • •Total-.Cash and Investments Percent Weighted Fair P>ar Value of Days to Current Value* (Cost) Portfolio Maturity Annual :Yield 35,95.1,625 35",851,951 45.53% - 1 -100 100 0.00% 1 .3,096,445 3,054,268 3.88% 743 1;700,254 1,700;254. 2.16% 1 14;681,110 14,504;494- 18.42% 751 885',486 885,486 1:12% 1 56,315;020 55;996,552 ~~ 71.12% 21;985,636 21;920,138 27.84% 63 80;606 80,606 0.10% 1 10,651 10;65:1 0.01% 1 42,061 42,061 0.05% 1 "7,514 7;514 ~ 0.01% 1 22;126;468 22;06®;970 28.02% 677;815 677,815 0.86% 1 79,1~1'~9,;302 78,735,337 100.00% Fair Values were furnished by the State of California; Local Agency Investments and Wells Fazgo Securities. ,I certify that this report:containsahetotal amounts ofcash:and investments at Jurie 30, 2002:, The investments are in conformitywith-the Investment Policy as stated. in Resolution Number 2001-020, dated January 16, 2001. 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. * adjustedao FV quarterly - William J. Thomas, Treasurer Reso. No. 2002-127 N.C.S. Page 3 2.75% 1:20% 6:36% 1.77% 3.90.% 0.73% 1.77% 1.1':0% 1.43% 120% 1.75% CITY OF PETALUMA,.CA CTTY TREASURER'S QUARTERLY REPORT For the Quarter ending June, 2002 Cash and'Invesfinent.Portfolio Changes Beginning End of Maturity of Quarter Receipts* Transfers Disbursements .Quarter Local Agency Investment-Fund .Demand. Local.Agency Investment Fund Demand WF-Federal Home Loan Bank 8/15/02 WF-Federal Home Loan Bank 7/16/04 WF-Federal National-Mortgage 6/6/06 WF-Government. Money Market Demand CA Asset Management Program Demand CA-FHLBC Global Ref Note 11/15/03 CA-FHLMC Global Ref Note 1/15/04 CA-FFCB Notes 2/17/04 CA-FNMA Benchmark Note 4/15/04 CA-FHLB`Global Note 6/28/04 GA-FHLMC Global Reference Note 7/.15%04 CA=FNMA Benchmark Note 8/TS/04 CA-FHLB Global Note 1/14/05 CA-FHLMC Global Reference Note 7/15/05 Wells Fargo Sweep Account Demand Subtotal Investments Managed by Fiscal Agents 35;995;392.45 227;488:72' (5,000,000.00) 31;222;881.17 1,751,167.98 27,90.1...63 2,850;000.00 4,629,069.63 1,005,992.31 16;643.84 1,022;636.15 1,OI2,471.91 16,150.69 1,028,622.60 1,017,656:70 14,252.05 (28,900.00) 1,003,008.75 100.05 0:30 100.35 3,662,525.66 9,545.24 (1,970,1.08.73) (1,708.63) 1,700,253.54 2,138,791.67 31,875.00 (63,750.00) 2,106,916:67 11,86L.11 1,461,153.87- 1,473,014:98 1,009,700.00 11,250.00 1,020,950:00 12,284.72 2;008,017.36 2,020,302:08 2,050,713:55 .23,750:00 (47,500.00) .2,026;963.55 1,056,046.00 15,625.00 ~ 1,07.1;6.71:00 1'6,520.83 ;1;612,187.50 1,628;708:33- 2,033,200:83 20,625.00 2,053,825`.83 1,084,641.78 17;500:00 1;102,141:78 7;463,288.56 762.86 (578,565.72) 885,485`.70 55,281;689:45 474;036:99 242,534.28 (1,708:63) 55,996;552.09 CA Asset Management Program Various 22;040;639:67 136,456.70 (255,519:61) (1,438.37) 21;920,138:39 US Bank/First Am Treas Obligations Demand `80.314.36 291.44 80;605.80 . Wells Fargo Money Market Demand. 595.62 5,737,797:02 (5;015,847.13) (711;894.04) 10`;651.47 JP Morgan Demand 42,051..,58 23.61 503,720.55 (503;735.00) 42;060.74 .Union Bank/Blackroek Demand SL;9.16.06 139.00 6,215,065:73 (6,259;606:70) 7,514'.09 Subtotal '22,215,517.29 5,874;707.77 1,447,419.54 (7,476;674.11) .22;060;970:49 ~: Checlang Accounts General Operating Demand (381,482.3:1) 18,104,898.09 (5,281,339.82) (11,801,172.20) 640,903.76 Payroll Demand 2,657.51 4,014,386.00 (4,011,918.89) 8,724:62 Mast Demand 17,121.78 441,423.78 (423,000.00) (6;951.77) 2.8,593.79 .Thomas Lee Demand 283.82 283.82- Po_IioetTiust. Demand 2;902.97 5.60 2,908:59 Subtotal (358,516.23) 18;546;327.47 (1,689,953.82) (15;820,042.86)'; 677,814:56 Total Cash and Investments 77,138;690:51 24;895,072.23 - (23,298,425:60) 78,735;337.14 * accrual basis Reso. No. 2002-127 N.C.S. Page 4 C1['I'Y OF PE'1cAI.J1V><A,,CA ' CT~'X ~`REASI<JI~EIt'S;QgJAR'TER><.X REPORT For the Quarter~endirig June, 2002 Iteconcilaation of Cash 1)isburseenents Check Register Voided Checks Check Written to Trustee -Recorded as a Transfer on Page Two ;Payment made by Trustees related to Bond Refunding ` Payment made by Trustees on City bebt Issues Fiscal Agent Fees Payroll Cash Disbursements Voided Payroll "Cheeks .Credit Card Fees Bank Fees Net Police Trust Cash Disbursements Thomas Lee Charity Cash Disbursements 13,360,090:09. (1 T6248;02) (1,796,474.54) 6,.131;041.33 1,693,229:39 1,458.39 4,012,031..30 (112:41) 6,951.7.7 6,45'8:30 23,298;425.60 Comparison of Current Investanents to ;prior q uarter and to. ,prior year :Cash and Investments at the end of the month March, 20.02. _, $ 77,138,691 ' $ June; 2002.. 78,735,337 $ June; 20.01 70,246,561 Interest Received or Accrued from July 1 $ 1.,981-;273 $ 2,538;739 $ 3,907,,.1.97, ' E~stimated.Average Interest Rate -2.48% 2.06% 4.76% . US T-bill 91 day-Yield o 1..82 /o ' fl.69% 4 48% ' - . Reso. No. 2002-127.N.C:S. Page 5 7~ 0 z 0 N 0 0 N :~ N z b vo CITY OE PETALUMA, CA CITY TREASURER'S QUARTERLY REPORT For the Quarter ending;June, 2002 ' Interfund Loans Amount ..Loan To Loan From Purpose 54;92Q Airport Operations Wafer Utility Fund Water Lines to Airport 30,76.3 Airport-Operations Water Pollution Control Fund Sewer Lines to Airport 32,000 Marina Fund General Fund Cash Flow 1,274,685 Marina Fund PCDC-Comm Develop Loan Payments Project Area Fund 421,950 PCDC-Central Business PCDC-Comm Develop Cash Flow ' District Project Area 60,700 Community-Develop HOME Cash Flow Block-Grant 97,810 ,Transient Occupancy. Tax ..General. Fund Cash Flow 1,972,828 Currertf Period Interest. Accrue_d_ Paid 131.09 131.09 73.43 73.43 26:38. 76.38 3,042.67 3,042:67 768.25 768.25. 33.20 33.20 Year to Date Interest Accrued. Paid 2,484 2;484 1,391 1,391 1,617 1,617 ' 48,167 48;167 4,433 4,433 33 33 Repayment Schedule per amortization schedule per amortization schedule as cash flow permits as cash flow:permits when transferred funds received whenreimbursement received ~ when accruals received rn