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HomeMy WebLinkAboutAgenda Bill 3.C 08/02/2010~ ~ I' U.L1. a ;. ~ ~j85$ I ,4~tidcv Itewv #3 . C DATE: August 2, 2010 TO: ~ Honorable Mayor and Members of the City Council through City Manager FROM: Sandra Sato; .Interim Finance Director/City Treasurer SUBJECT: Resolution to Review and File the City Treasurer's Report for the Period Ending 3-31-10 RECOMMENDATION: It is recommended that the City Council adopt a Resolution to Review and File the City Treasurer's Report dated March 31, 2010. BACKGROUND: In compliance with the City's Investment Policy and State law, the= Finance Director/City Treasurer provides quarterly reports to the Council. that include detail of the City's cash, investments and investment earnings. The Council is, required to review the investments 'for compliance with the adopted City Investment Policy. Preparation of these reports was delayed in fiscal year 2009=10 due to employee turnover, vacancies in critical positions and a corresponding backlog of work in the Finance Department. The one remaining report for the 2009-10 fiscal year should. be completed in the next two months. Treasurer's Reports will be completed thereafter on a timely basis. DISCUSSION: Quarterly City Treasurer'a Reports contain information on the City's cash activity and ending balances: in all City checking accounts. The report summarizes total beginning balances of all cash and investments; total quarterly activity and ending balances. The report also provides quarterly activity and ending ~ba~lances in the City's cash equivalent accounts and information about trustee aceouiit activities and ending balances. Investment portfolio activity, security type, maturity and value, both book and fair value are .also included. Finally, a comparison of the City's quarterly investment earnings with the City's benchmark is also represented as part of the report. FINANCIAL IlYIFACTS: None associated with the recommended action. Agenda Review: ,(y] ~ Dept. Director--i~l!"~ City Attorney Finance Director~~ City Manag ATTACHMENTS 1. Resolution to Review and File the City Treasurer's Report dated March 3l, 2010. 2. City Treasurer's Report Dated March 31,'20'10 ATTACHMENT 1 RESOLUTION TO REVIEW AND FILE THE CITY TREASURER'S REPORT DATED MARCH 31, 2010 WHEREAS, the City Investment Policy 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 the report dated March 31, 2010 and directs the City Clerk to file it. City of Petaluma Quarterly Investment Deport .~-anuary 1, 2.010 - ~/Iarch 31, 2010 ATTACHMENT 2 This report, is presented, in accordance with the City's investment policy and the California Government Coder The policy and Government. Code requires the Treasurer to certify that; sufficient cash.flow's available for the next ax 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 (LATE}quarterly statement, and the City's °perforrriance summary of portfolo;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 March, 2010. y r~5 CITY ®F PETAI~IJMA, CA CITY TREASiJRER' S ~iJARTERI.Y REPORT For the quarter ending 1Vlarch 31, 201:0 Cash activity for the fiscal year: Cash and Investments, Beginning of the Fiscal Year, 1/1/10 $ 109,576,926 Cash Receipts 62,917,804 Cash Disbursements (65,589,523) Cash and Investments,;End of the Fiscal Year, 3/31/10 $ 106,905,207 Cash and Investment Portfolio at IYlarch 31, 2010 Percent Fair Par. Value of Investments Managed by City Treasurer: Assessment Districts Bonds Local Agency Investment Funds (LATE) CAMP Pool (CA Asset 1Vlanagemerit Prog) PFM Investments Securities ** Subtotal. Investments:Managed by Fiscal Agents:. CAMP Debt Issue Accounts Trustee Money Market Accounts .Subtotal Chec'ng Accounts I 'T'otal Cash and Investments Value* {Cost) Portfolio 697,873 697,873 0.65% 31,430,750 31,393,609 29.37% 28,890,402 28,890,402 27.02% 24,769,046 24;817;322 23.21.% 85,788,092 85,799,206 80.26% 19,134,361 19,134,361 17.90% 29,.770 29,770 0.03% 19,164,131. -19,164,131 17.93% 1,941',870 1,94:1,870 1.82 106,894,073 106,9.05,207 100.00 I certify that this report contains the total amounts of cash and investments. at-March 31, 201.0 The investments are in conformity with the Investment Policy. A copy o€the Investment Policy is available for review in the Finance Department. Tfie City°Treasurer's cash management program provides sufficient liquidity to meet;expenditure requirements for the next six months. Sandra Sato, Interim:Finance Director *Far values'furnished, by the State of California, Local Agency Investments and California Asset Management Program, arid: are adjusted annually. ** See detail on pages 8-14. Page 2 of 18 ~ City of Petaluma, California ash/Investent by Type-lVIalrch, 2;010 - - ---- - - T~t~l Cash/Investments ~106,~905,20 _ - oti~~~ _ ~ $697;87 , Cash - .65.% $'1,941;870. - _ - ~ 1 82% -- ~' -~ LAIF / \~ $31,393 `>---- CAMP Pool 29.37% ~, $8,$90,402 ~, 27.02% l ;. ,~ ~:~ ~' Fseal Agents $19,.16-4,131 PFM Managed 111vestments~~~ °~ 17.93% $24;817,322 - -~ _~" 23.21 Page 3 of 18 CITY OE PETALUMA, CA CITY TREASURER'S QUARTERLY REPORT For the quarter ending;March, 2010 ' Beginning End of Investments / Financial Institute of Quarter Increase*^ Decrease Month Investments Managed by City Treasurer: i Assessmenlt District Bond (AD) 2000-01 741,602.43 (43,729.52) 697;872.91 Sub-Total Assessment-DistrictsBond (AD) Accounts 741,602.43 - (43;729.52) 697,872.91 LAIF 22,217,648.27 9,133;860.31 31,351,508.58 LAIF accrued interest 33,860.3;1 42;100.17 (33;860.31) 42,100.17 Sub-TotaLLAIF 22,251,508.58 .9;175;960.48 (33;860:31) 31,393,608.75 CAMP Pool-Treasurer's Investment Money Market 31,O11j800:12 11;428;851,79 (13,550;249:48) 28;89Q402:43 CAMPPooI Managed AccounYSub-Total 31,011,800.12 11;428;85L79 (13;550;249:48) 28;890;402:43 Federal Agency Bonds/Notes 9,783,029.83 10,486;486':98' (3,136,864;60) 17,131,652.21 Fed Agency accrued interest 52,981.07 44;635!56 (16,620.24) 80,996.39 US TreasuryBonds/Notes 8,622,230.47 495898'44 (5,024,123.64) 4,094,005.27 US Treasuryaccrued interest 19,376.83 8,539.75 (4;680:42) 23,236.16 US Treasury Bill - - - US Gov. Support Corp Debt 1;202,870.40 - - 1,202;870.40 US Gov. Support Corp Debt interest 2,228.27 9,115.62 - l 1,343.89 Corporate Notes 4,986,561.50 (2;739,594.00) 2,246,967.50 Corporate'Notes accrued interest 74,629.1'7 7;8.12.30: (56;19.1.67) 26;250.00 PFM Securities Managed Account Sub-Total ** 24;742;907:54 11;052;488:85 (10;978;074:57) 24,817;321.82 Subtotal. 78:747,818:67 31;659:301:12 (24:605.913:881 85;799.205:91 Investments Managed byTrustees,Fiscal Agents: CAMP-AD!23, 24'„ 25 Accounts. Money Market 425,056.72 202.58 425,259:30 CAMP=1?FA 2002 ARR Accbunts 466,628.77 222:41 466,85 ].18 CAMP-200TB Water Rev, 2003 COP; 2007TAB' 27;308,829.4.] :8;925..14 (9;075,504.13) 18;242,250.42 CAMP-Debt Issue Accounts Sub-Total ** 28,200,514.90 9,350.13 (9,075,504:13) 19,134;360.90 US Bank-ARR Accounts 17,020:39 27;822c50 (16,970:00) 27;872.89 US Bank:First American Treas 3,238.18 124,380:03 (126,389.38) 1,228.83 Wells Fargo Govem MM 0.42 .0.42 Union Bank Blackrock 6.66• 660.88 667.54 Sub-Total Trustees Money Market Account 20;265:65 153;863.41' (143;359:38) 29;769.68 Subtotal 28;220,780:55 162;213:54 (9,218;863.51) 19,164;130.58 Checking,Accounts: Exchange-General Operating 1;809;021.73 26;659,007.66 (26,558;273.74) 1,909,755.65 Exchange-Payroll 776,90T04> 4,439,293.00 (5,,206,471.75) 9,708.29 Thomas Lee 2,067138 2,067.38 Police Trust 20;330.90 8.27 - 20,339.17 Subtotal 2;608;327.05' 31,098;288:93 (31,764;745:49) 1;941,870.49 Total Cash and Investments 109;576;926:27, 62;917;803:59 (65;589;522:88) 106;905;206.98 ^ includes_gain/loss:onmaturity/disposal * accnial basis Page 4 of 18 CITY OF PETALUMA, CA CITY TREASURER'S QUARTERLY.REPORT For the quarter e.n.ding, March; 2010 Cost vs. Fair Market Value Cost FV Gain/(Loss) US Treasury Bond/Note 4,094,005.27 4,098,086.48 4,081.21 w/o acc int US Treasurys Bill. - - - w/o acc int Federal Agency Bond/Note 17,131,652.21 17,145,493.20 13,840.99 w/o acc int US Gov Support Corp Debt ~ 1,202,870.40 1,231,,098.49 28,228.09 w/o acc int Corporate Note 2,246,967.50 2,294,368.25 47,400.75 w/o acc int Sub-Total PF1VI, Treasurer's'Invest. Securities 24,675,495:38' 24,769;046.42 93,551.04 Cf1MP Pool Money 1Vlarket Fund 28,890,402,4 28,890,402.43 Sub-Tota1.CAMP Treasurer's Investments 53,565,897.81 53,659,448.85 93,551.04 'Accrued Interest ~ 141,826.44 CAMP Total Investment.Managed,Securities. Held 53,801,275.29 CAMP Debt'~Issue. Managed Accounts 19;114,937.98 19,.134,360.90 19,422.92 PFM CAMP°TotalTreasurer's Investments ** 72,680;835.79' 72,793,809.75 112,973.96 w/o Accrued Interest LAIF ~1,393,6Q8.75 31,430,750.25 37,141.50 LAIF amortized cost-rate. 1.00118309']00 ** See detail on pages'? - 14. Page 5 of 18 _ _ _ __ t~ITY OF F'tl-l~LUI'~lr~ Cash' Dividends. Closing, Current Portfolio Holdings and Income Manket'Value Yield CAMP Pool 6,439. i5 48;024,763,33 -0:16 CAMP Managed Account 43;390.55 24,769;046:42 * N/A Total $50,329.70 $72;793,809.75 Not Applicable -Total $72; 793,809.75 100.00% ~M -L•____~5 ~~~~ ~ ~,j ", ` _-t C_ - 7~• w. r .__, ~ -:t.: ~.. -.- aF~~•;- ~` -: t ;~.: _., _. _ +. ,~"k ~ ~ ,_ r~ i - ^~, -ir 7-r _ ;_ y-~r - r_,~•4~"?~^ ~;1 ~. .~~ !.r.fy,~ ~: Y Z . y r'allt^C .~x .-u i~.. /'`L- € - ~ y~s~ 7 e r i.r '~'f: , a',~~ Y.}~ ~v ~ .r.~ r 'a ~rll ~•- •-l~ ~~~. v, .-'1`_`L.- .-k-_~~`y ~w' .~_Y'r~ =J ~ti -:~ ~57.1'1.~-~ -x-. ~['~r~~~~'.'-'~~~.1r. ~rrL-Mr_ ~`,Y {i. ~.~~~_~-:T=i_~.rV~ Portfolio Holdings Closing Market Value Percent Under 30 days 48;024,763.33 65.98 31 fo 60 days 1;002,637.00 1,38. 61 to, 90 days - 0.00 0.00 91 to'180 days 0.00 :0:00 181 days to 1 year 0.00 0.00 1 to 2 years 12,895,012.37 17.21 2 to 3 years 9,827,631.42 13.50 3 to:4 years - 1,043,765.63 1.43 4 to 5 years 0.00 0.00 Over 5 years .0.00 0.00 Total $72,793,809.75 100.00% Weighted Average Days to Maturity 251 o- o 00 ConsolcJatecl Surrtir~eaily Statee~ent Account Statement __ For_the_Month_Ending_March_31,_2010: ~~ _ _,`~ ~~ ~ ~ -~~ •-~"fit. ?;;~-, r:'~~. ~'~ c~ Investment Type Closing Market`Value Percent Corporate Note 2,299,368'.25 3.15 Federal Agency Bond /Note 17,T95,493r20 23.55 Money Market Fund 48,029;763:33; 65:98 U.S., Government Supported Corporate Debt 1,231,098.49 1.69 U.S, Treasury Bond /Note 4;098,086.48' 5.63 Corporate Note uS TSy Bond /Note 3,15% 5..63% Fed Agy Bond / US Govt Supported ~ ~ Note Corp Debt ~ _ },~ti ~~,~`ty 23.55% '.1.69% ~'t . ,=-~t*r-s~+a~'~ Mny Mkt Fund_~ 65.98% Account Statement - - ' ConSOlldated ~umn~ary S~at~l'1'd~nt - _.~ _-For the_Month.Ending_March 31,_2010 CITY ~~ F'~TALUMA Account Opening Market .Purchases / Redemptions /Sales/ Unsettled Change in Closing Markef Cash bividinds Number Account Name Value Deposits Maturities Trades Value Value and Income 19-700 Z003COFRESERVE 57,646.83 `!;' '0.00 0.00 0.00" 457,712:51 65.68 19-103 2003 COP CAPITALIZED :uT~ = 1 1,639.40 0.29 0.00 0.00 0.00 1,639.64 0.24 19-104. r RD 2004 AD24 ANDAD2~ 220,-}84.70 -0.00 >0.00 0.00 0.00 .220,484.70 `31.64 19-106 FRD2004.AD24 AND %S?:'` 40,752:18 37.49 0.00 0:00 0.00 40,789.67 5.85 19-108 -'L JL 2007 TAB 17;120,18 :T;~ 2,456.97 0.00 0.00. 0.00 17,122,640:86 2,456.97 19-80 2001 AD#23 RED~VUJD ESUSINESS 130,95-+,uu 0.00 OAO 0.00 0.00 130,954.00 18.79 PARK 19-81` 2001 AC ~6D'WOOD BUSINE55- ',G~^ ~~~, 23.53 _~.C~J . - O.OD 30.'!~ ~.7~ PARK - 19-92 V/Tg RED ~~~~ it ,u,13~.t; ~~4.?-1 !.i~,i 0.00 0.00 ' ~ ~ ~ 19-96 PFA 2002 REV RFD BN~ _; X6;784,19 ~~.~;~ ~~ __ 0.00 0.00 466,851.1x. 66.99 531-00 TREASURER'S INVESTMENTS ~4,ZU4,651:87 7,733,837.89 (8,182,956:89) 0.00 (96,084.02) 53,659,448.85 47,584.06 Total $73,336,267.13 $7,736,583.53 ($8,182,956.89) $0.00 ($96,084.02) $72,793,809J5, $50,329.70 _ _ _ _ ~- A~cotaint 5taterv~ent e Traa~s~~ion: ~uovor~ary ~~IT1' OF PET-ALU1~9/~ - TRE~ISURER'S IIVVEST~~1ENTS - 531-Ofl ~"~r i ___ _-__ -For_the_Month. Ending~March_31,_2O1O , Opening'Mar~et Value- 29,30G,921.1~~ _ , March 31, 2010 'February 28, 2010 Purchases - 3,913;320.00: _.,- CAMPPooI 28;890;402:43 .29;309;921.16' R"edemptiohs . (4,332,738.73). - Uhsettled Trades 0.00 - - CAMP Managed Account 24769;046c42 - • 24;894,730.71. h ' 0 00 .: in Value. C ange . : Total $53;659,448'.85 554,204,651.87 Closing Market Yalue n $.28;890,402.43 193 4 5 .~~ ,+S ~ # ~ rt,-- .,,~ ,~,_,_ ; ~- '~- • '"~ t - - . ~ - come. Cash Dividends and I . 1.; ; * ~- 4 c Opening Market Value 24,894;73Q:7,1; Purchases 3,820,611.89 CAMP Managed Accounf Redemptions (3,850,218:,16) 46.16% Unsettled Trades 0.00 Change in Value (96,084.02) Closing Market Value Cash Dividends and Income $24,769,046.42 43,390.55 1' ~ :..,, ~r t Y `t ~ r CAMP°Pool' 53184°/a' - ~fldi9~ged 14GCtDiAlit StOi'Oi9'It~ i"j/~~t~tE;i'9'1~11t __.For_the_Month_Ending Nlarch_,31, 2010 CITY uF ~ETALUf~~1P. - TF~.E~.~J RER.'S I~'~~iV~STP~~ENTS - 5?1-DO - (12511505) _ ~, r , , Opening:Market Value $29;30992Y:16' Openrg Market Value $24,894;730.71. Opening Market Value $54,204;651':87 Purchases ~ 3,913,'220,00 Maturities/Calls. (1,225,000.00) Redemptions (4,332•,73.8.73) Principal Dispositions (2,625,218.16) Prihcipal Acquisitions 3,820,61'7.89 Uhsettled Trades 0.00 Change;ih ,Current Ualue (96,084A2) Closing Market Value $28;890,402,43 Closing Market Value $24;769,046:42 Closing Markef;Value .;$53_,659,448.85 Dividend 4;193:51. °~~-~ k-'~~~~.~L,~ R ~. - _ ~~ ~ r~.~~. tt v. 1'~Tf i-~~4}~~i4,.~ ~,'Y ~' E 1.1~ ~: ___- ~ r ~ j, y, _~'+l _. ••~_r.`:'.~~ 4q i.~.R, - c._~ T'.~r•_Ic~t.~yt+. ti,-.~~~', "f~r7'r,~-` ~~.~•-rr'~~I'["~.}li.t F' .~ -- 't~. Interest/Coupohs Received 50;567:72 Closing Cash'Balance ~ '$0.00 Less Purchased Interest Related to Ihterest/Coupons (1,998.12) Plus Net Realized Gains/Losses' (5,179.05) Total Cash Basis Earnings $43,390.55 Ending Amortized Valui= of Seciarifies 24;583;79845 53,44;200.88 Ending Accrued Interest 141,826`.44 141;826.94 Plus Proceeds from Sales 2,638;114.00 6 970,852.73 Plus'Proceeds.of MaturitiesJCalls/Principal Payments 1;225,,000:00 1,225;000.00 Plus`Cdupons Received 37;671:88 37;671:88 Less Cosf,of New Purchases (3,822,616:01) (7,735;836.01) Less Beginning Amortized Value of Securities (24,606,567:63) (53,916;488:79) Less Beginning Accrued Interest (142,284.70) '(142,284.70) Dividends 0.00 4;193:51 Total Accrual Basis Earnings $54,942.43 $59,135.94 Maturities/Calls 1,225,000.00 Sale Proceeds, 2,638,114.00. Coupon/Interest Income 37,671.88 Principal. Payments 0.00 Security Purchases (3;822;616`.01) NeE Cash Contribution (78;169:87) Reconciling Transactions O,QO - ' ` - POi'$f~fi~ St711914i~i''y dlid S$~~ISt1G8` .-.For_the_Month_Ending~March~31,_2010 CITY Or PETA~UP~1A - TP,EA~URER'S INVEST~'IE~JTS - 531-OQ - (1~5115D5) '~' ~~ -Y~ i ~ i -~ ?r!.~~~. ~~Lt, I~ II a ~ ~ .r ,~~_ ~.~'~,. ~~'~~}}`_' ~~ -:~~..~ ~ ~~~k' # - ~ ~-r - tl , ~^- ~ ~`~r"'~~T'~ -^-~i- ;'- ._~}'f~'st-L' x+. 34•x`} u.-. _r t- 'Sy~." .4.v. ~-.t' Description Par Value- Market Value Percent. - U:S. Treasury Bond;/;Note' - - 4;055,OOQ.00 4,098,086.48' ' 7.64 U:S. Government Supported,;Corporate 1,190,000.00 1,231,098.49 2.29 Debt Fede~ahAgency Bond',/ Note: 16,910,000.00 17,145,493.20 3.1.95` Corporate ,Note 2,250;000:00 :2;294,368:25 4.28 Managed Account;Sub-Total 24,405;000.00 24,769;046.42 46.16% Accrued Interest 141;82b:44: Total Portfolio 24;405;000COa 24;910;87.2.86 _ CAMP Pool: 28,890;402.43 28,890,402,43 53.84. TotalInvesfinents - 53,295;402.43 53,801,275.29 , 100:009/0 Unsettled Trades 0.00 0.00 -..~~ -ft--. '`~.,, _'~ ":roc.-ti[. Y'-='^s~~ _ g.~` °w: -w~-,"~~T' ~,~[:~..'1''..~~~,~ s ~~t'x- US T5Y Bond /Note 7.64% US Govt Supported (~~ Corp Debt ~ ` 2.29% ~'~~. t , Mny Mkt Fund 53.84% 4:28% Fed Agy,Bond %~ Note 31.95%. Yield to: Maturity at Cost L90%• Yield'. fo Maturity at Market 1.34°10 Duration to Worst 1.84 Weighted Average Days to Maturity 736 24.o~°y ±o~,~, _ 0.00% 1.95% 0 - 6 Months 6 - 12 Moriths L- 2 Years: 2 - 3'Years. 3 - 4 Years 0.00% 0.00% 4 - 5 Years Over 5 Years ~an`aged Account ~s~uer Sun9n9ar t~ITl' OF F'ETALUr~IA - TREA~UR~ER.'S IP~!VESTi~~1ENTS - 531-00 - (12511505 {~ ~'rr ~< F'r~:`l'Y+~`~'~`'~ ;~~ -yam` ~. -~.. ~+"-~~ r~... _-. ~.,~ aaR lf.t~i`~, L~-1. .*~,i ~~; a ~"?~~ ~ ~" ~?,~,r.- 'Trll,~c ~'-'~ ~1~. - 1 Market Value Issuer of Holdings Percent: BANK OF AMERICA CORP - 1,002;637.00' 1.87 CAMP pooC -. 28,890,402.43 '53.:84. CITIGROUP INC 608,280.29 1.13 FANNIE MAE: 4;158,940:62 7.75 FEDERAL FARM CREDIT BANKS 836,912.50 1:56 FEDERAL HOME LOAN BANKS '6;520,265.63. 12:15 _ FREDDIE MAC 5,629,374:45 10:49 GENERAL,ELECTRIC GO 1',29.1,731x25 2,4`1 REGIONS BANK b22,3S8.20 1.16 UNITED STATES TREASURY 4,098,086.4$ 7:64 Total $53,659,448:85 100.00°l0 53.83% _the_Month EndingrPgarch_31,_2010 .,_- TSY 7.649/0- -- J k 1 ~Y i ~~ 1 i~ ,1.87% ~AA+ 2:41% AAA 3435%- _:/ - -- -- 6~893aCJ~il ~+CCOO,pG1~ D~tai9~®f SeCilC'1$I~S 1-9eAd . -__-For the_Month_Ending_March 31, 2010 CII~` OF PETALUMA - TR.EASURER`S 1~JVESTi'~9ENTS - 5~1-00 - (1251~~05) Security Type/Description S&P Moody's Trade -Settle Original YTM .Accrued Amortized Market Dated :Date/Coupon/Matu`i•ity CUSIP IPai` Rating. Rating Date = Date Gosh at Cost Interest Cost Value ~ ~ USTP.EASL-_~":dOTES ~J....'~~~~ IS'i J1~~~~ F~'~~ ISi' it a?_~~ ~ ~~+ ~,._ ~_ "__ t4, ?,x.57 ~16 ~~-I ~1= DTD 05/31/2006-L875% ~ '1J2011 US TREASURY NOTES y12828MMt~ _ ~~ ~ ~ ~~'.~ TSY TSY 12/04/0° 1~'~JS/09 1,996,718.7` i;.r~? 5A27.47 - 1 • •~ _ ' .36 t,'~'-~i,>266:00~ DTD 11/30/2D090.7"~~,~'~ ~ ' _;~~ ~~l~l } US TREASURY NOTE'S iiq,q~p4 ~ Tcy, nci~nr~ia ,nimn' ~-is,~~~.4f 1, }Q: 3.5~?52 r ~.-_ r_:/c' ~ 1! DTD os/ls/~ooa 1.3 ~~~~ ~ , s~1 US TREASURY NG I t5 y12$Z8MT4 50U,000:UO TSY TSY 03/24/10 03/2b/lu , 495,898.44 1:66 317.60 495;920:52 497,010:00 DTD 03/15/2010.1.375% 03/15/2013 SecurityType Suti-Total 4,055,000.00 4,094,005.27 1.52. 23,236,16 4,065,980.1.7 4,098,086:48 CITIGROUP INC (FDIC) GLOBAL NOTE ~=,-3UAA7 S9U ~~ °'0 ,,~~~, ~,=.a +"~, ~~ "'i~'.a ~i~=r_...-}~ ~.;il 5,_ ;'.: s ~ ~ -4?~_i,~~,, r it ~ i 29 DTD 12/09/2008 2 8,` ', 1~ 9/2011 REGIONS`BANK (FDIC) GLOBAL NOTE 7591EAA69 600,000.00 AAA Aaa .12/08108 12/11/08 599,442.00 3.28 b,066:67 5995678:29 622,318:20. DTD :12;11/2008 3.250%:12/09/2011 Security'TypeSub-Total 1;190,000.OQ 1,202,$70.40 2165 11,343:,89 1,198,149.12 1,231;098.49_ FHLB NOTES FNMA:GLOBAL BENCHMARK NOTES [)TD 11/23/20.01 5.375% 11/15/2011 FNMA NOTES DTD 10/09/2009 1.0 iij23/cull FHLB NOTES DTD 11/16/20091.000% 12/28/2011 FHL6 NOTES (CALLABLE) DTD 01/12/2010 L4D0°/d01']12/2012 ~_~r.; ~H, ~ _ - ~ A,,,~ i ~ ,119 r;'08/21/Og `°' 31359MLS0 1,375,000:Uu AAA Aaa 12/U9/08 12/12/08 3139£'aZ,'15 _?S,D00.00 AAA Aaa 10/~`~~;~ 1:"~9~~G 3133rVK5t 500,000.00 AAA Aaa 11/18/09 11!23/09 3133XWHE:' 1,100,00D.00'` AAA 01/19/10 01/19/10 1,006,6. ~~.n0 1 _- ~ 1 -545. ],ilt~~~ ~7.5~--~ 1,478,5~S.l:i 2.68 67,920.14 1, ' -' '.406!''- 1,472, ~ ='''.U6 274,33:50 1.1.2 977.78 ~,1 ~:'?.5j7 - :'S?.81 500,115.00 0.99 1,291.67 500,094.93 499;843:75 ' 1,101,100.00 -1:35 3;379.4-I :;100,1-5.~=' 1.10(' +-JS Account 531-00 Page 5 _ ~ ,. N9an8ged e~CCOUi9$ ~~$~iO Of S~CiAt'it1eS Fl~lf1° - ---For_.the_Month_Ending_March_31,3010 CI~I' OF PETAL~r~iA - TREhSUR.tR`S IUVESTP~IE~!TS - 5~1-00 _ (12511505) Security Type/Desa"iption S&P' Moody's firade Settle Original YTM Accrued, Amortized Market Dated'.Date%Coupori/Maturity' GUSIP' Par Rating Rating Date Date Cost at Cost :Interest. Cost, Value ~7 ' ~ ~ •,~??~~,t.k: ~Ft -. -r~ / " y. `jai -r{~~.~~~' - , ~ ~ ~,~ ~ ~ ~ ' yr ~ .yF'r'`,~y}~; ~'.A"'(~~,yj~~ ~7~`r .~+ -v tii ~y.)~~~~'y; ~'r'} ,. ~~ ~t ~U. ~%T y+~ ~ M~ ~ ~ ,, i_ ~ . - .. . y ~.. j; SiC c!'~ ~~ r`?1}- - Y. A l F ''•,"~A f, l t w !_:,;L~:.BLE) 31398AC91'_ ~~ ~ 510000.00 AAA Aaa .. ~,12,1D ~ ~ 01/20/10 ~ 510,478':13 ;1:45, 1,508:75 - S10,Z89:53 509,..62:50 DTD"O1 'i '~!10 1:500%Ol/20JZ(~1:' rHc'1~ 'J TES (CALLABLE; ;t_~+n~~:~_' 1,000,000 ~:~~_! Ar^A Aaa 02/09/li ?_'lll/10 099,600.00 1,2% 1,527J,5 999,624.21 997,576. !0 DTD'02j 17/2010 1 250%,02/1.7/2012 FHLMC GLOBAL NOTES 3137EABY4 $25;000.uO AAA Aaa 02i~2i1D uLlztil0 841,871.25 1.13 389:58 841,u07.71 839,y53.13 DTD 02/19/2009 2,125% 03/23/2012. FHLMC GLOBAL NOTES 3137EABY°; 2;000,000.00 ' Aaa Aaa 02/D2/li- D2/03110 2,042;660.OG _.11 • a.-• 1 2,039,49(.5:_ 2,036,250.00 DTD'02/14/2009 2.125=/0 03/23/2012 FFCB BONDS 3i331GN08 820;000.00 AAA Aaa D2/19/09 02/2x/09 819,983.60 2.25 8,04.6:25- 819,983.60 836,912.50 DTD 02/24/2009 2.250% 04/24/2012' FHLB NOTES (CALLABLE) 1?3XV7A0 ` 750,000:00 AAA Aaa ]2/23/09 12/24/09 750,000.DO- - 1.62 ''5.213:5+ 750.OOD.OD 75D 703.13 DTD 1Oj27/2009 1.625% 04/27/20 LS FHLMC GLOBAL NOTES ' 3F' 1 7D5,000.00 AAA Aaa 09/29/09 09/30/09 708,116.].0 1..58 5.1 707,551.:. '1 !,829:6.9 DTD 05/21/2009 1J~~--'"_ ~"'~:`_ "15/2012 FHLB'NOTES _'i i~-~1 1,225,000.(10 :AAA. a-~3 07/"'~!~`~ "7!23/05... 1,223,3n9.50 1 °•0 ~,322.I0 1 ~" ~0~~.6-1 1 23-, ].°~:SD OTD 07/23/2009 1.75' X12 F.HLB~~L_E>:-FOND'; 1 ~'~>'1L.,~ ~a.~ Aaa 09/__.'.r 09/23/09 704,1I~0(' 1. _i 14,Z79.c~~ %L'~°. i~~~.,781,25~ D`,";~ ~ iii' -4 ~~25% 1 1 12 FNMA NOTi-_~ , 3=-.-~. 1 ,~.!~ , ~;~ F>;~= aaa 01/:-~,'l~i D1/is/10 " ! ~397,2~_-F.~_ ~ 1 ~n ;,602.08 1 ?,-}'~-•.39 t =~,,1 x__,25 DTDO1l15_'71i 1 = --;__~13 FHLBiNOTES i,~A~LABLE) 3133XXB22 1,225,uu0.uJ AAA Aaa 03/ t ? tr_ .03/22/10 1 L ~i .! ~[i 1.95 1,791.56 '. - ~ '.00 1,223,468:75 DTD 03/04/20101:950% 03/04[2013 FHLMC NOTES 3137EACJ6 1,OSi ~ ' `,,,`, ''Aaa 03/03/1 03/04/16 i 048,530.0ii 1 -, ~ Z79.69 _ -1 ~ - f. L;043,765.63 DTD03/04/201U i.o25n u4/15/20; _'~ Security Type Sub-Total 16,910,000:00' 17,131,652.21 1.63' 80;996.39 17,070,383.16 17,135,493.20; MBNAtORP (BAC) SR:MTN 55263ECL7 1;000;000:00. A A2 OSL09/OT 05/15/07 997,780.00 5.08 20,416'.67 999,927.74 1,002,637:00 DTD 05/04/2005'5.000% 05/04/2010 O ~~ F--' 00 _ --- - :~3c~i9~Cj~CI ACCOUI9~ D~~16 ~f ~~C9.1C1$I~S' H~Is~ • -- For_.the.Month_Ending_March.31,_2010 CIT'i OF PETAL~1i'~lA - TREAS UR~cR."S I~~lVCSTi~'iEf~TS - 5~1-OC _ (~ ~51~505) Security TypejDeseription: S&P Moody's Trade .Settle Original'- YTM; Accrued Amortized Market Dated'DateyCouponj;Matur`ity GUSIP Par Rating; 'Rating Date Date Cost at Cosf interest Cost Value- .. ' ' _~ ~ i ~#~ '~h; tt,ir ~ ' ' ~` "i ~1~':' ~ : ''L` '~'~ ` ~ ~ ~' - ~ ~~ w~ -x~~~ `tJ ~" ~ ri""`i. ~~ y ~. ~. lam ~ , i s~; . ,f • ,aR . ,~ C ' ,~ . S ,F, GENERAL'ELEC"„ W ~r'GL06AL`NOTL-5 ~~,:~~1 _ __ ~~ ~_ .,, ~ x}9.1,, _!~ .~.._ -` '"' ~.:,- ~_'~' ~` 1~ ~ ~ E ~~ ~~~~ 5,~,33,_~ ~ ~ _ ___ __ 1 ~-I_ ~__.~L ',1 DTD 08/13 i'9 3.500% 08/1.°,/2012 Secur,ity:Type^Suli-Total 2;250;000.00 2,246967.50 4.30 26,250.00 2;249,281:00 2;24.4,36835 INenaged:Account'Su6-Total 24;405,000.00 ~ 24;675;495'x38' ,1.90 1'41;826:44 24;583,798:45 24;769;046.42 Whig Pool zt .390;402.43" "AAP^i NR 28,890;402143 0.00 28,890402:43 - 28,zsy0402.43 Money Market Sub-Total 28,890,402:43 28;890,402.43. 0:00: 28;890,402.43 28;890,402.43 Securities Sub-Total $53,295,402.43 $53,565;897.81 1.90% $141,826:44 $53;474;200:88 $53,659,448:85 Accrued Interest $141,826.44 Total Investments $53;801,27529 UntrtledPage . ~ ~, y ,', tip, _ ~ ~,~ l ~7 ~~~r ,rti L;ff. ', .JOHN CIANG California Sate Controller . LOCAL. AGENCY INVESTMENT FUND . REMITTANCE ADVICE Page 1 of 1 Agency Name PETALUMA COMMNTY DEVELOP COMMN 65-49,001 Account Number As of 04/ 15/2010, your Local Agency -Investment Fund account has :been directly credited with the .interest earned on your deposits for the quarter ending 03/~ 1 /2010. Earnings Ratio .00001526772794093 Interest Rate 0.56% Dollar Day Total $ 969.02 Quartet; End Principal Balance $ 10.77 Quartet ly Interest Earned $ ~ .O1 lg. pp e 15. of 18 http://laif.sco.ca.gov/Result:aspa 5/3/2U~~ Untitled Page `Page 1 of T LOCAL AGENCY 1NVESTIVIENT FUND REMITTANCE ADVICE Agency Name Account Number PETALUMA 98-49-b50 As of 04/15/2010, your Local Agency Investment Fund account has' been directly credited with the interest earned on your. deposits for the quarter ending 03/31 /2010. Earnings Ratio Interest Rate Dol ar Day Total Quarter End Principal Balance Quarterly .Interest Eai-~ied http: //laif. sco . ca. gov/Result. aspY .00001526772794093 0.56% $ 2,757,460;758.84 $ 31,351,497.81 $ 42,100.16 ~1 Pagg~e 16 of 18 4/21 /201 U ' j Sete o~ CaAi~o,~~'sa _, . Pooled money ~~ves~e~~ a4cco'u~t ~bV~a¢~6ce~ l/aaa~~$a'or 3/31,/20 ~ 0 - • - Description Carrying CostPlus Accrued InterestPurcf~. ~?mortized Cost Fair Value Accrued Interest ,. United States Treasu ' Bills I $ , 22;117;200;379.93; ,$ 22,151,765;333:35 $ :22,162;57,6';550.00 NA Notes $ 8;452;020,143.48 $ '8,451,181',483.46_ $ 8;474;379;500.00 $ 26,661,282.00 I Federal A enc 86A'. $ 555;726;851.61 $ 555,717,973:09' $ 548,069;'367.58' $ 600,736.78 MBS-~REMICs $ 822;263;04.1.50 $ 822;263,011 '50 $ '869;24'4',504.79; $ 3,903,500.61 Debehtures $ 1,;209,383',439.78 $ 1,209,383,439.78 $ 4,214,140;480:00 $ 11,195,147:88' Debentures FR $ 400;:000;000.:00 :$ 400;000;000:00, $ 400;058;000:00 $ 51,196.44 DiscouritNotes $• 7-;414;713;502:50 $ 7;424;994;088.81' $ 7;427,;9117,500.00' NA FHLMC'~PC $ _ $ - $' - $ - GNMA $ 98;647.66 $ ..98,647:66 $ 109;991..76 $ 971.39 IBRD Deb FR $ ° 300;000;000:00 $ 300,000;00O:OOC• $ 300,71:4;000.00 $ 260,634.00 CDs an'd YCDs FR $ - $ - $ - $ - CDs and YCDs $ 7;550;047,500:90 :$- 7,550,038;167.::57' '$ 7j550;1'60;392.50 $ 2,499,611.14 Commercial~Pa er $ 4;821,125;738x34 '$ 4;82:1,777,031,:37 $' 4;821;754;787:77 NA Cor orate> Bdnds.FR "$ 125;,184,760.48 i$ 125;1'84,760.48:, $ 125,041,750.00_ $ 24,005.58 Bonds $ _ _ $ - $ - $ - Re urchase:A reements $ - ($ - $ - NA Reverse Re urchase $ - $ - $ - $ - Time Deposi#s $ - __ 4,052;640;000:00 $ 4,052,640;000.00; `$ , 4;052;640,000.00 NA NOW''Account $ - '$ $ - NA AB 55 &;GF`Loans $ 11;286;774,939:92 '$ 11;286;774;939192 $ 118286;;774;939:92 NA TOTAL $ 69;106,578,916.?0 ,$ 69;151!,818,876;98 $. 69;233;631,764:32. $ 45;1:97;085:82 Fair Value Including Accrued Interest 69;278;828,850.14 R'epurchase,Agreements;.Time Deposifs, AB 55 & General Fund loans; and Reverse Repurchase agreemerits' are•carried at portfolio book value (carrying cost): The value of each participating dollar equals the fair value divided by the-amortized cost (1.001183091). As an example; if an agency has an account;palance of $20,000,000:00, then the agency would report its participation in the LAIF valued' at$20;023,661:82 or $20,000,000.00 x 1.001.1.83091. ,. ~~ Page 17 of 1'8 of Petaluma Performance Summaries r'=.Y'T?tl711L6'~:1 r~BtUYiIS ~S Of IUi~rr..?~ 31, ?U~U Lify cf F'~talu~na iL9L'f-3 Year iJS-f Index '~',:i S: O:.: ,fir fie' ; ~ ._ _ ~..,',. dSi ~ I~~i''~'~h~ l ~';. 'I Pas'[ 'c.ar ., u0~ , 1 ~1'„ ~ ~,;, -;, „e Ir e:c~~tior - '~~'~ c. -. 'Yieicl ai: is~'lar:cz~ 'i.~?i?%, ry a3';'~; .Notes: l .Merrill Lynch Indices proyi'ded`by Bloomberg F.inancial.Markets. 2. CAMP Cash Reserve Pool holdings excluded from 'performance, yield and duration calculations 3. Performance numbers are preseiifed.on an annualized basis. h 4. Inception date is ]?i31/O1. • ~~ Page 18 of 18