HomeMy WebLinkAboutResolution 00-087 N.C.S. 05/15/2000 ~Zesolution I~To. 00-87 1V.C.S.
2 of the City of Petaluma, California
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5 RESOLUTION TO REVIEW AND FILE THE
6 MARCH 31, 2000 QUARTERLY CITY TREASURER' S REPORT
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9 WHEREAS, State Law requires that the City Council review the City's Treasurer's
10 Report on a quarterly basis for compliance with the adopted City Investment Policy.
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12 THEREFORE, BE IT RESOLVED that the City Council has reviewed said report
13 and directs the City Clerk to file it.
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Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the App ~Rve~d as to
Council of the City of Petaluma at a (Regular) (~,}'~>~&FL$ X~dK meeting .r
on the ....1S.t.h......_.. day of .................M.a.~.,....2.O.OL1.............., by the ~
following vote: .
ty Attorney
AYES: Healy, Cader-Thompson, Keller, Maguire, Vice Mayor Torl.iatt, MayorThompson
NOES: None
ABSENT: Hamilton -
ATTEST: .....-.y -
Cty~.Clerk Ma or
Clouncil File./.~
('A IU-ii5 Rcs. Nu,...O.^..-..°..7......... N.C.S.
CITY OF PETALUMA, CA
CITY TI2EASUItEI2'S MONTFIL~ d~POIiT
For the Month of Viarch 2000
Cash ;activity for the month
Cash and Investments, Beginning of the Morith $ 32,747,340
Cash Receipts. 7,774,118
Cash Disbursements (4,994,141)
Cash and Investments, End of the Month $ 35,527,3.17
Cash and Investment Portfolio^at 1Vl[arch 31, 2000
Percent Weighted
Market Par Value of Days to Current
Value (Cost) Portfolio Maturity Annual Yield
Investments Managed by City Treasurer:
Local Agency Investment Fund 1.6,031,116 16,067,012 45:22% 1 5.80%
Federal Agency Securities 9,258,750 9,500,000 26.74% 1,240 6.42%
Guaranteed Investment Contract 2,756,036 2,756,036 7.76% 90 5.70%
California Arbitrage Management
Program 1,567,110 1,567,110 4.41% 1 5.84%
Subtotal 29;61.3,012 29,890,158 84.13%
Investments Managed by Fiscal Agents
California Arbitrage Management
Program 2,583,533 2,583,533 7.27% 1 5.84%
US Bank Money Market 137,341 137,341 0.39% 1 3.70%
First American Treasury
Obligations 80,627 80,627 0.23% 1 5.03%
Cash held by Trustees 5 5 0.00% 1
Subtotal 2,801,506 2,801,506 7.89%
Checking Accounts 2,835,653 2,835,653 7.98% 1
Total Cash and Investments 35,250,170 35,527,317 100.00%
Market Values were furnished by the State of California, Local Agency Investments and Wells Fargo Securities.
I certify that this report contains the total amounts of cash and investments at March 31, 2000. The
investments are in conformity with the Investment Policy as stated in Resolution Number 00-49, dated
March 20, 2000. A copy of the Investment Policy is available forreview in the Finance Department. The
City Treasurer's cash management program provides sufficient liquidity to meet expenditure reQuirements for
the next six months..-
r .uQ a OYl - n,~.rh .
Paula`1VI. Cornyn, Interim finance Director
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CITY OF PETALUMA, CA
CITY T'REASURER'S MONTHLY REPORT
For the Month of March 2000
Cash and Investment Portfolio Changes
Beginning End of
ofNlonth Receipts Transfers Disbursements Month
Investments Managed by City Treasurer:
Local Agency Investment Fund 14902,847:46 (150,000.00) 14,752,847.46
Local Agency Investment Fund 1,314,1:64.69 1,314,164.69
Federal Home Loan Bank 1,000,000.00 1,000,000.00
Federal Home Loan Bank 1,000,OOQ00 ~ 1,000,000.00
Federal National Mortgage 1,000;000:00 1,000,000,00
Federal Home Loan Bank 2,500,000.00 2,500;000.00
Federal Farm Credit Bank 1,000,0.00:00 1,000;000.00
Federal Home Loan Bank 1,000,000.00 1000,000:00
Federal Home Loan Bank 1,000,000.00 1;000,000.00
FederaiHome Loan Bank 1.,000,000.00 1,000;000.00
Guaranteed Investment Contract 2,756;035.99 2,756,035.99
California Arbitrage Management -
Program 1,559;377.83 7,731.79 1,567,109.62
Subtotal 30,032,425.97 7,731.79 (150,000.00) - 29,890,157:76
Investments Managed by Fiscal. Agents
California Arbitrage Management
Program 2,551,633.28 12,731.51 241,202.00 (222,033.75) 2,583,533.04
US Bank Money Market 136,939.00 402.00 137,341.00
First American Treasury
Obligations 80,279.00 348.00 80,627.00
Cash held by Trustees 4.85 0.61 5.46
Subtotal. 2,768,856.13 13,482.12 241,202.00 (222,033.75) 2;801,506.50
Checking Accounts -
Bank of America
General Operating (124,900.45) 7,412,292.70 (1,042,561.68) (3,784,757.99) 2,460,072.58
Payroll 3.,817.10 981,944.00 (981,942.93) 3,818.17
Mast 30,584.32 340,271.09 (30,584.32) (5,406.18} 334,864.91
Thomas Lee 888.38 888.38
Police Trust 6,614.39 12.61 6,627.00
Bank of Petaluma
Petaluma Flood Control 29;053.94 327:77 29,381.71
Subtotal. (53,942.32) 7,752,904.17 (91,202.00) (4,772,107.10) 2,835,652.75
Total Cash and Investments 32,747,339.78 7,774,1.18.08 - (4,994,140.85) 35,527,317:01
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CITY OF PETALUMA, CA
CITY TREASURER'S. MONTHLY REPORT
For the Month of March 2000
Reconciliation of Cash I)is6ursements
Check Register -Demand Date 3/3/00 2,063',167.68
Check Register -Demand Date 3/17/00 955,892.10
Check Register -Demand Date 3/31/00 1,933,470.02
Debt paid by Fiscal Agent 222,033.75
Payroll Checks - 3/10/00 510,602.19
Payroll Checks - 3/24/00 ~ 471,340.74
Credit Card Fees 5,406. i8
Police Trust -Check _ -
Thomas Lee Charity -Check -
Voided Checks (9;95.9..83;)
Less February checks and EFTs recorded on Demand Date 3/3/00 (91'6,609'.98)
Less EFT to Fiscal agent. recorded .here as a Transfer (241;202.00)
4,994,140:$5
Comparison of Current Investments to prior month and to prior year
February 2000 March 2000 March 1999
Cash and Investments. at the end of the month $ 32,747,3:40 $ 35,527,317 $ 29,085,940
Interest Received or Accrued from July 1 $ 933,980 $ 1,345,668 $ 1,327,583
Estimated Average Interest Rate 5.88% 5.97% 5.50%
_ US T-bill 91 day Yield 5.64% 5.64% 4.38%
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City of Petaluma, California
Cash/Investinents by Type -March, 2000 .
Total Cash/investgnents - $35,527,317
Cash
$2,835,653 _
Fiscal 2%
Agent/CAMP
$4,368,616
13%
LAIF
GIC $16,067,012
$2,756;036'. S I%
8%
Federal Agency
Securities
$9,500,000
26%
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