HomeMy WebLinkAboutStaff Report 3.B 02/07/2011ALU .
DATE:
TO:
FROM:
SUBJECT:
February 7, 2011
Honorable Mayor°and Members of the City Council through City Manager
Susan Mahoney, Interim Finance Director/City Treasurer
Resolution to Review and File the City Treasurer's Report for the Period Ending
September 30, 2010
RECOMMENDATION
It is recommended that the City Council adopt the attached Resolution to Review and File the
City Treasurer's Report: dated September 30, 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. This is the first quarterly report for the
2010-11 fiscal year.
DISCUSSION
Quarterly City Treasurer's 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 balances in the City's cash equivalent accounts and information
about trustee_ account 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 IMPACTS:
None associated with the recommended action.
Agenda Review:
City Attorney
Finance Directoi-Awjjn City Manager
i
ATTACHMENTS
1'. Resolution to Review and File the City Treasurer's Report dated September 30, 2010.
2. City Treasurer's Report Dated September 30, 2010
ATTACHMENT 1
RESOLUTION TO REVIEW AND FILE THE CITY TREASURER'S REPORT DATED
SEPTEMBER 30, 2010
WHEREAS, the City Investment Policy requires that the City Council review the City's
Treasurer's Report on a quarterly basis for compliancewith the adopted City Investment Policy.
NOW, THEREFORE BE IT RESOLVED that the City Council has reviewed the report
dated September 30, 2010 and directs,the City Clerk to file it.
3
ATTACHMENT 2
City of Petaluma
Quarterly Investment Deport
July 1, 2010 - September 30, 2010
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 outhries 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 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 September, 2010.
CITY OF PETALUMA, CALIFORNIA
CITY TREASURER'S QUARTERLY REPORT
For the. quarter ending September 30, 2010
Cash activity for the fiscal`.year:
Cash and Investments, Beginning of the Fiscal Year, 7/1/10
$
100,897,905
Cash Receipts
33,732,978
Cash Disbursements
(45,600,187)
Cash and !Investments, End of the Fiscal Year.,
9/30/10
$
89,030,696
Cash and (Investment Portfolio at
September 30, 2010
Percent
Fair Market
Par Value
of
Value*
(Cost)
Portfolio
Investments Managed by,City Treasurer:
Assessment Districts Bonds
697,873
697,873
0.78%
Local Agency Investment Funds (LAIF)
38,518,596
38,494,632
43.24%
CAMP Pool (CA Asset Management Progy
1,782,925
1,782;925
2.00%
PFM Investments. Securities **
24,882,034
24,195,053
27.85%
Subtotal
65,881,428
659770,483
73.87%
Investments Managed by Fiscal Agents:
CAMP Debt Issue Accounts
19,155,195
19,155,195
21.52%
Trustee Money Market Accounts
39,929
39,929
0.04%
Subtotal
19,195,124
19,195,124
21.56%
Certificate of Deposits:
1,249,260
19249,260
1.40%
Checking,Accounts
2,8159830
29815,830
3.16%
Total Cash and Investments
89,141,642
89,030,696
100.00%
I certify that this report:contains the total amounts of cash and investments at September 30, 2010
The investments are inconformity 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.
Susan Mahoney, Interim'Finance D'
*Fair market values are furnished by the State of California, Local Agency Investment Fund and California Asset
Management Program.
** See detail attached
City ®f Petaluma, California
Cash/Investment by 'Type-Septel laer, 2010
Total Cash/Investments $8990309696
Certifica
1,:
LAW
38,494,632
43%
N
Other
697,873
1% Cash
2.815,830
k Pool Asset Mgmt Prog
1,782,925
1%
cal Agents
9,195,124
22%
CAMP Investments
24,795,053
28%
CITY OF PETALUMA, CALIFORNIA
CITY TREASURER'S QUARTERLY REPORT
For the quarter ending September, 2010
�',• - , • 41a..
248,203.84
nl�.�.,.si;1s.9:. "t`�?.[+:F d,6F'�eta>I.�•. ./^. «.'r,'e.',.�•
'iaY'iT�>�•.Y ark':..,, •\.,'
±f.,
.:f":.
•'(s �...i..,.,.:. �":•qi�i�%�:'i%at.
1,000,000.00
Investments Managed by City Treasurer:
Circle Bank accrued interest
1,056.07
Assessment District Bond (AD) 2000-01
741,602.43
(43,729.52)
697,872.91
Sub -Total Assessment Districts Bond (AD) Accounts
741,602.43
(43,729.52)
697,872.91
LAIF
38,393,608.75
51.,371,04
20;455,507.62
38,444,979.79
LAIF accrued interest
51,371.04
49;652.32
(51,371 04)
49,652.32
Sub -Total LAIF
i
38,444,979.79
101,023.36
(51,371.04)
38,494,632.11
I
CAMP Pool -Treasurers Investment Money Market
5,189,536.82
2,835;210.59
(6,241,822.64)
1,782,924.77
Sub -Total CAMP Pool Managed.Account
1
5,189,536:82
2,835,210.59
(6,241,822.64)
1,782,924.77
FedeI ral Agency Bonds/Discount Notes
19,390,639.75
2,729,230.70
(2,735,478.13)
19,384;392.32
Fed Agency accrued interest
80,669.34
89,266.66
(65,803.21)
104,132.79
US Treasury Bonds/Notes
3,425,279.68
425,476.44
318.64
3,425,279.68
US Treasury accrued interest
5,221.72
19,151.72
(3,655.00)
20,718.44
US Gov. Support Corp Debt
599,442.00
18,251,564.62
13,667.89
599,442.00
US Gov. Support Corp Debt interest
1,191.67
4,875.00
14,336.09
6,066.67
Corporate Notes
1,249,187.50
27;872.89
531,61 1.01
1,249,187.50
Corporate Notes accrued interest
16,770.83
10,937.50
(21,875.00)
5,833 33
Sub -Total PFM Securities Managed Account**
24,768,402.49
2,853,461,58
(2,826,811.34)
24,795,052.73
Subtotal
69,144,521:53
5,789,695:53
(9,163,734.54)
65,770,482.52
Certificate of Deposits:
Bank of Marin
248,203.84
248,203.84
Circle Bank
1,000,000.00
1,000,000.00
Circle Bank accrued interest
1,056.07
1,056.07
Sub -Total Certificate of Deposits
1,249,25991
1,249,259.91
Checking Accounts:
Exchange=General Operating
12,544,963.25
20;455,507.62
(30,219,144.77)
2,781,326.10
Exchange -Payroll
10,109.57
5,381,198.00
(5,381,227.07)
10;080.50
Thomas Lee.Charity Trust
2,067.38
2,067.38
Police Trust
22,347.53
.8.46
22,355.99
Sub -Total Checking Accounts
12,579,487:73
25,836,714:08
(359600,371.84)
29815,829.97
Total Cash.and Investments Managed by the City'Treasurer
81,724,009.26
32,875,669.52
(44,764,106.38)
69,835,572.40
Investments Managed by Trustees Fiscal Agents:
CAMP-AD'23, 24, 25 Accounts Money Market
425,476.44
318.64
425,795.08
CAMP:PFA-2002:ARRAccounts
467,089.55
349.56
(1,211.49)
466,227.62
CAMP=2001B'Water Rev; 2003,COP, 2007 TAB
18,251,564.62
13,667.89
(2,060.28)
18',263,172.23
Sub -Total CAMP -Debi Issue Accounts **
19,144,130.61
14,336.09
(3,271.77)
19,155,194.93
US Bank-ARR Accounts
27;872.89
531,61 1.01
(520,758.82)
38,725.08
US Bank First American'Treas
1,228 83
311,361.54
(311,389.38)
1,200.99
Wells Fargo Government Money Market
2.94
2.94
UniorrBank Blackrock
660.93
0.02
(660.93)
0,02
Sub -Total Trustees Money,Market Account
29,765.59
842,972:57
(832,809.13)
39,929.03
Total Cash and Investments Managed,by Fiscal Agents
19,173,896.20
857,308.66
(836,080.90)
19;195,123.96
TOTAL CASH AND INVESTMENTS
100,897,905.46
33,732,978.18
(45,600,187.28)
89,030,696.36
^ includes gain/loss on maturity/disposal
Accrued interest
(187,459.62)
accrual basis
General Ledger
88,843,236.74
" See detail attached
CITY OF PETALUMA, CALIFORNIA
CITY TREASURER'S QUARTERLY REPORT
For the quarter ending September, 2010
Cost vs. Fair Market Value
IN
Cost
FV
Gain/(Loss)
US Treasury Bond/Note
3,425,279.68
3,420,120.96
(5,158.72)
Federal Agency Bond/Discount Note
19,384,392.32
19,542,276.23
157,883.91
US Gov Support Corp Debt
599,442.00
619,479.60
20,037.60
Corporate Note
1,249,187.50
1,300,157.50
50,970.00
Sub=Total PFM Treasurer's Invest. Securities
24,658,301.50
24,882,034.29
223,732.79
CAMP Pool Money Market Fund
1,782,924.77
1,782,924.77
-
Sub -Total CAMP Treasurer's Investments
26,441,226.27
26,664,959.06
223,732.79
Accrued Interest
136,751.23
CAMP Total Investment Managed Securities Held
26,801,710.29
CAMP Debt Issue Managed Accounts
19,155,194.93
19,155,194.93
-
PFM CAMP Total `I'reasurer's'Investments *X
45,596,421.20
45,820;153.99
223,732.79
LAIF
38,444,97939
38,518,596.16
73,616.37
LAIF amortized cost rate
1.00191485000
** See detail attached
IN
PL
Consolidated Summary Statement
Account Statement'
For,the;Month Ending Septeftiber 30' 2010
Portfolio Holdings
CAMP Pool
CAMP Managed Account
Total
* Not Applicable
tasfil Dividends
and 1ncorne
4;731.85
30,990.63
$35,712.48
Closing
Market Value
20,938;119.70
24,882:034.29
$45,820;153.99
Current
Yield
0,23%
* N/A
Investment Type
Corporate Note
Federal Agency Bond /'Note
Federal Agency Discount Note—
Money Market Fund'-
U.S; Government Supported-Cotporatebebt.
U ,S. Treasury Bond Note .
Total
Closing MaFkettVaiue Percent
1,300,157.50
00,157.50
2.84
18,438,679,6+
40'.24
1,1035916..59
2.41
20,938,1-19.70.
45.70
619;479.60
1.35
3,4201120.96
7.46
$451820,153.99.
loon000/o
',` W_111� ;@
E
,Maturity ww-elauf 0
I ME
FIN011. Mw _1WO Owl �i I'M I"
Portfolio Holdings Closing Market Value
Percent
Corporate Note
US TSY Bond / Note
2:84916
Under 30 days
20,938,119.70
45.70
7.46%
Fed Agy Bond
31 'to 60 days
0.00
0.00
US GOV(Sup,ported
Note
61 to 90 days
0.00
Corp, Debt
40,24%
0.00
.1:35%
91 to' 180 days
0.00
0.00
in
181 days to 1 year
3;021,189.55
6.59
1 to 2 years
17,544,103.30
38.29
2 to 3 years
4,316,741.44
9.42
3 to 4 years
0.00
0.00
4 to 5 years
0.00
0.00
Over 5 years
0.00
0.00
Total
$45,820,153.99
100.00%
Mny Mkt Fund
Fed Agy DN
2.41%
Weighted Average Days to Maturity 313
45.70%
Summary Page,
agernent LLC
Account opening Market
Purchases'Redemptions / Sales/ Unsettled Change.in- Closing Market Cash Dividends,
Number Account Name Value
Deposits Maturities.. Trades Value Value and Income
003 -COP -RE 4
—0: 00 07� .0
19-103 2003 COP CAPITALIZED INTEREST 1,641.34
0.36 0.00 0.0 . 0 0.00 1;641:70, 0.36
2 4
0; 841,10,
0�00 -220', 48"73'
0 0 -484'.�70
CRRD 2004-AD24 AND AD25 41,061.04
57.81 0.00 0.00 0.00 41,.118.85 9.08
19-106
-2007 1T 14M3
0� 0: 00.�. 42'1 3
3788
19171
'T
19-80 2001 AD#23 REDWOOD BUSINESS 130,984.00
0.00 0.00 0.00 0.00 130,954.00 28.94
PARK
3 3 3 7 5 3,�z
A%0.0 34�
.7,
145.86 (1,500,00) 0,00 0.00 6591589.01 1:45 86
19 92 WTR REV BND 01 660,943.15
-00 �66`22
0.-00"�r� "A
531-00 TREASURER'S INVESTMENTS 27,632,374.72
0.00 5,078.15 26,664,959;06 31,489:63
Total
$46,786,048.29 $2,037,708.31
!WT PFM Asset Management LLC
($3,008,680.76) $0.00 - $5,078.15 $45,820,153.99 $35i7,12.48
Summary Page 2
iding
-for-the Month Ending -September 3 '2010
A- ccount.'Statement---T-ransaction-Summ ary - 01 -
Opening'Market Value
2,754,580.28
Purchases
1,034,3131.76
Redemptions
(2,005,969.27)
Unsettled Irades
0.00
Change in Value
0,00
Closing Market Value
$1,782,9241.77
Cash Dividends and Income
499.00
Opening Market Value
24,877,794;4,4
Purchases
999,161.70
Redemptions
(1,000,000.00)
Unsettled Trades
0.00
Change in Value
5,078.15
Closing Market Value
$24,882,034.29
Cash, Dividends and Income
30,990.63
PFM Asset Management LLC
September -30, 2010 August 31,,2010
CAMP Pool 117821924-.77 21754i580.28
CAMP Managed Account 24,882,03429 24,877,794;44
Total $26j664f959i06 $27;632;374: 72
CAMP Pool'
6.69%
CAMP Managed
Account
93.31%
Account 531-00 Page I
—Managed Account SummAry Statement
g,
gg
Opening Market Value $2,754,580.28 Opening Market Value $24,877,794.44
Purchases 1,034,313.,76 Maturities/Calls (1,000,000.00)
Redemptions (2,605;969.27) Principal -Dispositions 0.00
Principal Acquisitions 999,161.70
Unsettled Trades 0.00
Chahge,'in Current Value 5;07
Closing Market Value $1,782,924.J7. Closing Market Value $24'i882,034.29
Dividend
499X.T,;.
Interest/Coupons Received - . 33,78b.46
Les ' s Pur ' chased Interest Related to Interest/ Coupons (2,795.83)
Plus Net Realized Gains/Losses 0.00
Total Cash Basis Earninqs $30,990.63
Wding Ralue �Securities
Maturities/Calls
A�mortized of
24,520,380.07
26,30�3,304.84
Ending Accrued Interest
136,.751.23
136,751.23
Plus. Proceeds from Sales
0.00
2,005,969.27
Plus Proceeds of Maturities/Calls/,Principal Payments
1,000,000.00
1,000,000.00
Plus Coupons Received
33;786.46
33,786.46
Less Cost of New Purchases
(1,001,957.53)
(2,036,271.29)
Less Beginning Amortized Value of Securities
(24,531,872.83)
(27,286,453.11)
Less Beg ' inning Accrued Interest
(123,027.95)
(123,027.95)
Dividends
0.00
499.00
Total Accrual Basis Earnings
$34,059.45
$34,558.45
For the Month Ending Sqpternber 30, .2010
WIN
Opening Market Value I $27f 63 2,A3;�747
Closing. Market Value $261664,959.06
Closing Cash Balance $0.00
Account 531-00 Page 2
Maturities/Calls
1,000,000.00,
Sale Proceeds
0.00
Coupon/Interest Income
33,786.46
Principal Payments
0.00
Security Purchases
(1,001,957.53)
Net Cash Contribution
(31,828.93)
Reconciling Transactions
0.00
Account 531-00 Page 2
• ti3` M1 �' ��L.,An 'HJi�A',""ph�;,',y �i.JXu::;:' - - .
-- --- -�:: Port
Description _
Par,Value
U.S. Treasury, Bond / Note
3,380,000.00
U.S. Gover_nrpent Supported Corporate
600;000.00.
Debt
93.31%
Federal Agency -Discount Note
1,-105,000.00
Federal Agency Bond / Note
1719701000.00
Corporate Note,
1,250,000.00
Managed Account;Sub-Total
24;305,000:00
Accrued Interest
Total Portfolio
24,365,000.00
CAMP Pool
1;782;924.77
Total Investments
26;087,924.77
Unsettled Trades 0.00
e
lio Summary_and Statistics
Market Value Percent
3,420,120.96 12.83
619,479.60 2.32 -
1,103,596.59
4.14
18,438,679'.64
69.14
1,300,157.50
4.88
24,882,034.29
93.31%
136,751.23'
25,018,785:52
1,782,924.77
6.69
261 801, 710.29
100.00%
0.00
For the Month Ending September 30, 2010
Corporate Note
Fed Agy Bond /
Note
69:14%
Yield. • Maturity at Cost
65.79%6
0.60%
Durationto -Worst
1.40
Weighted • .•' Days to Maturity
.576
i
16:19%
6.69%
0
11.33%
�, sT t".'�v
-• qs'k . .:
,
..
g a. ,;fit
{w,«.<:... '�`•,H
�i
yV"
- *, • " n
M. 4�4 �"a
.7, 0 0
0.99o/a 6.60 /0 6.69 /o
d;` ;' , .M13
`�, -.
ta' r",r s"-'
G,'�`i�::'.i.^ ,`,' ',: "'r �'
�x:=4:�a;4�i9�eS,",.iE.r�R
0 6 Months
6- 12 Months
1 _ 2 Years
2- 3,Years. 3 - 4 Years 4 - 5 Years Over 5 Years
Vv
For the Month Ending September 30, 2010
Corporate Note
Fed Agy Bond /
Note
69:14%
Yield. • Maturity at Cost
Yield to
0.60%
Durationto -Worst
1.40
Weighted • .•' Days to Maturity
.576
�- Account 531-00 Page 3 .
..--PFM
PFM Asset Management LLC
-Managed, Account Issuer Summary
P FA f
PFM- Asset Managementl.Lc
TSY
12.83%
AAAm
6.69%
For the Month Ending September 30, 1610
A -I+
4.114%
AA+
4.88%
AAA
71.46%_
Account 531-00,Page.4
Market Value
Issuer.
of. Holdings
Percent
CAMP Pool
1,782,924.77
6.69
FANNIE MAE.
6,463,695.61
24.24
FEDERAL FARM CREDIT BANKS
841,955.50
3.16
FEDERAL HOME LOAN BANKS
4,733;055.16
17.75
FREDDIE MAC
7;503,569.96
28.13
GENERAL ELECTRIC CO
1,30 0,157.50
4.88
REGIONS BANK
6.19,479.60
2.32,
UNITED STATES TREASURY.
.3,420,120.96
12..83
Total
$26,664,959.06
100.00%
P FA f
PFM- Asset Managementl.Lc
TSY
12.83%
AAAm
6.69%
For the Month Ending September 30, 1610
A -I+
4.114%
AA+
4.88%
AAA
71.46%_
Account 531-00,Page.4
For the Month Ending September 3% 1011D
cfx)wY<Manaqed Account Detail of Securities Held
vo
Security Type/ Description S&P Moody's Trade Settle Original YTM Accrued Arnortized- rk - et
Date Date Date Cost at Cost Interest Cost Value
_0 DatejCpqpqq'/Matur�y CUSIP Par Rating Rating
- �907,05196"
2 2.95
5 .0.83 5,0.40.98 1,998,063.44 2.010,078. 00
DTD 11/30/2009 0.750% 11/30/2011
6i,
.00 T 509;195.31- 0 7 5 1990:00
US-TkEASORY,.NOTE ' ' ' . . - 13 " i26b 25,
S, " - - -.:. -. , sy. 6/ 5/ 0
9128 8NE6
_500t000_
05/.3-1 2
.651K/2010 750%
DTD
Security Type,'Sub-Tdtal 3j380,060.00 3i425,279.68 1.38 20,718.44 3,389i279.70 3.,420,120.96
REGIONS BANK (FDIC) GLOBAL NOTE
DTD.12/11/2008 3.250%.12/09/2011
Security Type Sub -Total
'-`0.000%`04/01/2011
Se'curity TypeSub-Total
7591EAA89 - - - ..- .600,000.00 AAA Aaa 12/08j08 12/11/d8
600,000.00
599,442.00 3.28
599,442..00 3.128
6,066:67
6,066i67
599,771.
599,771.75
1;105,1000.00, 1,,099;675.74 0.49 0.00 11102;162.67
'619,479.60
619,4791.60
1,103,596.59
FHLBGLOBAL BONDS
3133XtAH4.
:-1,6,0,0,000.00. AAA
Aaa
08/26/09
08/21/09
1,006,620.00 .
1.28
2,888.89
1,002,835.35 1,010,540.60
DTD 06/12/2609 1.625% 07/27/2011
FNMA GLOBAL BENCHMARK NOTES
31359MLS0
: 1,375,00b.00
AAA
:12/09/08
12/12/08..
.1,478,525.13
-.168
27,920.14 —
2 5% 11/15/2011
DTD 11/23 001,5.37
FNMA GLOBAL NOTES
.31398AZN5
2175,000.00
AAA
Aaa
10/08/09
10/09/09
274,334.50
1.12
977.78
274,638.87 277,031.98
DTD 10/09/2009 1.000% 11/23/2011
FHLB GLOBAL'BONDS
3133XVRS2
500,000.00
AAA:
Aaa
11/18/09
11/23/09
500,115.00'
0.99
1291.67 `, ` .•
500 06784. 503 752.00
DTD 11/16/2009.1T000% 12128/2011
FHLB NOTES
3133703Y2
510,060.00
AAA
Aaa
07112/10
07/12/10
509,892.90
0.64
726.04
509,908.62 511,449.93
DTD 07/09/2010 0.625% 01/09/2012
Account 531-00 Page 5
""W"""'PMAsset Managemetit UX
2
Managed Account Detail of Securities Held
50,
U-1 Wwili
w-, 46j��
`75!
Security Type/ Description; S&P M.Pody's Trade Settle Original YTM
Dated Date/Coupon/Maturity tUtIP,: Par Rating Rating. Date Date Cost at Cost
DTD 10/27/2009 1.625% 04/27/2012
FNMANOTES E) ---31398AS37.
'5/201*'*O'-�'11�
--�'666Y,-o,05/2 12X,,-,J,--�."
DTD sn
FHLMC GLOBAL NOTES 3137EACC1
— nCl7i 11AAC) 1 '7CAO/-
FNMA GLOBAL NOTES 31398AP71
DTD 04/19/2010 1.250% 06/22/2012
For the Month Ending September 30, 2010` r
Accrued Amortized
Interest costs
Aaa ~02%22%10 �5
OA
3
,,-M/22/1V-
7389 58 836'994 33
Aaa 02/02/10 02/03/10 2,042,660.00 1:11 944.44 2,029,589.16
Aaa— —�12/2,3-/09,-,-""1,2/24/0,9750,000.00 1.62 5,213.54 750,000.00
mafeket�
Value
2,049,114.00
750,539;25
60 a
FHLMC GLOBAL NOTES
3137EABY4 2,000,000-00 AAA
,DTD 02/19/2009.2.125% 03/23/2012
3,
'FCB BONDS
t'31331GN08 r 820 000 00 AAA
DTD 02/24/2009 2 250% 04/24/2012
s�
FHLB
DTD 10/27/2009 1.625% 04/27/2012
FNMANOTES E) ---31398AS37.
'5/201*'*O'-�'11�
--�'666Y,-o,05/2 12X,,-,J,--�."
DTD sn
FHLMC GLOBAL NOTES 3137EACC1
— nCl7i 11AAC) 1 '7CAO/-
FNMA GLOBAL NOTES 31398AP71
DTD 04/19/2010 1.250% 06/22/2012
For the Month Ending September 30, 2010` r
Accrued Amortized
Interest costs
Aaa ~02%22%10 �5
OA
3
,,-M/22/1V-
7389 58 836'994 33
Aaa 02/02/10 02/03/10 2,042,660.00 1:11 944.44 2,029,589.16
Aaa— —�12/2,3-/09,-,-""1,2/24/0,9750,000.00 1.62 5,213.54 750,000.00
mafeket�
Value
2,049,114.00
750,539;25
60 a
6
1,000;000'00 !1-A,A
.
3,
70
73 46 1,000,447.28
FHLMC GLOBAL REFERENCE NOTES 3137EAAV1 -,915,000.00
PTD 06/15/2007 5:5000/b 08/20/2012
705,000.00 AAA
Aaa
09/29/09
09/30/09 708,116.10
1.58
3,632.71 706,981.03 720,168.08
560,00.0.00 ' AAA
Aaa 04/15t10 04/.19/,10
559,367.20 1.30
1,925.00
559,494.73
5b/,ZU-J-Zb�
FHLMC, GLOBAL"NOTES*"""-,"-" 11
3,
70
73 46 1,000,447.28
FHLMC GLOBAL REFERENCE NOTES 3137EAAV1 -,915,000.00
PTD 06/15/2007 5:5000/b 08/20/2012
2 00-
FHLB', -,GLOBAC BONDS, '"'--r"' 3 3 E4 25;
3
��07123109 OM
0��2-�3 0-1-180
22:i A.1,25,2,931'.23
Z3�� 50 0/6:08-/Z2
. . ..
4
FHLB GLOBAL- BOND . S 3133XM . L66 650;000.00 AAA
Aaa 09/22109 09/23/09
704,145.00
1.80 14,279.69 686,312.59 703,842.75
DTD 10/05/2007 4.625% 10/10/2012
'
-,-'612 897 68 "-,-',1,948,351-.20'
FNMA 31398AE24-j-,,-1,900;000 ;
J0',*..' -r'01/15/10., - � - - -- �
1,8 7,264M
1 0
D 9YIS/?Q�O 1.750%. 2
TY
1,050,000.00 AAA
Aaa 03/03/10 03/04/10
1,048,530.00
1.67 9,810.94 1,048,803.27 1,073,803.50
FHLMC GLOBAL NOTES 3137EA06
DTD 03/04/2010 1.625% 04/15/2013
Account 531-00 Page.6
PFNI'
PFM Asset Management- LLC
Mans ed Account Detail of Securities Held
,For the Month Ending S6pternber 30; 2010:
SecurityType/Description
S&P Moody's Trade
Settle Original YTM
Accrued
Amortized
Dated Date/Coupon/Maturity
cusip. Par. Rating Rating Date
Date Cost at Cost
Interest
--Cost
.589u897°84.... ........
DTD 05/03/2010 2:000% 05/03/2013
- 1-Z
Security T tal
ype.
17,97000.00
18,284,716.58, 1.0
104,132.79
18,179,_580;42
GENERAL ELECcA'P'tbO GLOBAL NOTES
DTD 08/,13/2009 3.500% 08/13/2012
Security- Type
Man -aged Account Sub -Total
36962G4E1'. 1',250,000.00 'AA+ Aa2' 08/12/09
1,250'00_ -60
;24;305,000:06
1;249;187.50. 3.52
1,249,187.50 3.52
24,658,301.50 1.58
Money Market Sub -Total :1,782,924'.77 1,782,924.77
Securities Sub -Total $26;087,924.77 $,26,441,226.27 1.58%
Accrued Interest
Total Investments
5;833.33'
1,249,485.53
5,83333
11,249,485.53
116,751,23
24,520,380.07
Karkef
Value
18;438;679:64
1,,300,157.50
1,300,157.50
24,882,034.29
0=
$136',751.23
1j782,924.77
X26j303,304.84
1,782,924.77
$26,664,959.06
$136,751.23
$26,801,710.29
Untitled Page
JOHN CHIANG
California State Controller
LOCAL AGENCY INVESTMENT FUND
:REMITTANCE ADVICE
Agency Name
Account Number
PETALUMA
98-49-650
As of 10/15/20°10, your Local Agency Investment. Fund account has been directly credited
with the interest earned on your deposits for the quarter ending 09/30/2010.
Earnings Ratio
Interest Rate
Dollar Day Total
Quarter. End Principal, Balance
Quarterly Interest Earned
http://laif.seo.ca.gov/Result.aspx
00001404107774697
0.51%
$ 3,536,217;953.58
$ 38,444,969.00
$ 49,652.31
Page 1 of 1
/5
1/14/2011
Untiflcd Page
JOHN Cl All 8A \ V '•T•.+-•••
California State Controller
LOCAL AGENCY INVESTMENT FUND
REMITTANCE ADVICE
Agency Name PETALUMA COMMNTY DEVELOP COMMN .
Account Number 65-49-001
As of 10/15/2010, your Local Agency Investment Fund account has been directly credited
with the interest earned on your deposits for the quarter ending 09/30/2010.
Earnings Ratio
Interest Rate
Dollar Day Total
Quarter End Principal Balance
Quarterly Interest Earned
http;//laif sco.ca.gov/Result.aspx
.00001404107774697
0.51%
$ 992.54
$ 10.79
$ .01
Page -1 of ` l
1
1/14/2011
United States, Treasury:
Bills
$
24;8,16,;931,118.17
$
24,858;325,694.52
$
24,874,766;500:00
NA
Notes
$
6,650;737268:34
$
6,650,737,268.34
$
6,713,763,000.00
$
20,297,606.50
Federal Agency:
.SBA _, _
$
536,095,922.14
$
..536,095;922.14
•,$"
.:534;807;383.32
$
582,741.65
MB8-REMICs
$.
600;821,430.62
$,
600,821,430',62 `
$
639,70:.1„411.07
$
21837,845.26
Debentures
$
349,964;845:47
$
.349,964,845:47
$
351,390,000.00
$
1,645,424.50
Debentures FR
$
200,000,000.00
$
200,000,000.00
:$
•200,094,000.00
$
114,289.00
Discount Notes'
$
5,731,35.8,943.02
$
5,738,936,818.03.
_$
5,749,019,200.00
.
NA
GNMA
$
65,019.56
$
65,01.9.56
$
66,655.24
$
643.17
IBRD Deb FR
$
300,000,000.00
$
300,000;000.00
$”
300,786,000.00
$
403,568.92
CDs and YCDs FR$
600,0.00;000.00
$
600,000;000.00
$;
600,000,000.00
$
425,990.11
Bank Notes
$
200,000,00.0.00
$
200,000;000.00
$
200,001,332.02
$
6,750.00
CDs and YCDs
$ .
6,590,000,000.00
;$•
6,590,000,09,0.00
$
6,589;992'1339.44
$
683,569.45
Commercial Paper
$
6,571;530;470,8'1
$
6,573,108,985.25
$
6,573,127,226.10
NA
Corporate:
Bonds FR
$
-
$
-
$
-
$
-
Bonds
$
-
$
-
$
-
$
-
Repurchase Agreements
$
-
$
-.
$
-
NA
(Reverse Repurchase
$
-
$
-
$
-
$
-
ITme Deposits
$
4,226,650,000.00
$
4,226,650,000.00
$
4,226,650,000.00_
NA
IAB;66 & GF-.L'oans
$
10,183,216,588.52
$
1.0,1.83,2;16,588.52
$
10,1,83,216,588.52_
NA
TOTAL
$_
'67,557,371:606.65
$
67,607,922,572.45
$
67,737,381;635.71
$
_ 26,998,428.56
Fair Value Including Accrued Interest
$
67,764,380,064.27
Repurchase Agreements; Time Deposits; AB 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 (1.001914850).
As an example: if an agency has an account•balance 'of $20',000,000.00, then -the agency would report its
participation in the LAIF valued at $20,038,297.01 or $20,000,000.00 x 1.001914850.
C910 ,
The City has,.limited all new investments to maturities of two years or less, making the City's
historical.;performance measurement benchmark, the Merrill Lynch 1-3 Year Treasury Index,
less. relevant. The portfolio investment return for the quarter ending September 30 will fall
between the Merrill- Lynch 1" -Year and 1 -3 -Year Treasury Indices..
® The po,rtfol,io's-annual'return. of 2.71 % is a remarkable achievement in an interest rate
environment w ere.2=year investments are now yielding less than. 0.40%.
Total Return
For periods ending September 30, 2010
• Performance on trade date basis, gross (i.e., before fees), in accordance with the CFA Institute's Global Investment Performance Standards (GIPS).
• Merrill Lynch Indices provided by Bloomberg Financial Markets.
• Performance numbers for periods greater than one year are presented on an annualized basis.
• .Performance and duration calculations exclude funds in the CAMP Pool and LAIF.
Inception date is December 31, 200,1.,
. PFM Asset Management LLC 3