HomeMy WebLinkAboutStaff Report 3.C 06/19/2017DATE: June 19, 2017
Agenda Item #3.0
TO: Honorable Mayor and Members of the City Council through City Manager
FROM: William Mushallo, Finance Director CZ-1,
Janine Tedrow, Senior Accountant
SUBJECT: Resolution to Receive and File the City Treasurer's Quarterly Report Dated
March 31, 2017.
RECOMMENDATION
It is recommended that the City Council adopt the attached Resolution To Receive and File the
City Treasurer's Quarterly Report Dated March 31, 2017.
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 20, 2016 which delegated investment
authority to the City Treasurer for the Fiscal Year 2016 -17. 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 Fiscal Year 2016 -2017.
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 City Treasurer's Quarterly Report contains information on the City's cash
activity and ending balances in all City accounts. Each report also:
Summarizes total beginning balances of all cash and investments, and total quarterly
activity and ending balances.
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.
• Compares the City's quarterly investment earnings with the City's benchmark.
The City's benchmark for investment earnings is the Merrill Lynch 1 -3 year US Treasury index
as provided by Bloomberg Financial Markets. That rate was .26% for the quarter ended March
31, 2017. The City's quarterly return outperformed the Index by .02% coming in at .28% for the
last quarter. In addition to the above mentioned investment earnings for the portfolio managed by
PFM, the City also has funds in the State of California's LAIF (Local Agency Investment fund)
and CAMP (California Asset Management Pool). These investments provide liquidity of funds
for cash flow purposes, and interest earnings are reported separately. The annualized returns for
the last quarter on LAIF and CAMP were .78% and .89 %, respectively.
Per the City's Interfund Loan Policy, the Treasurer's report no longer lists all inter -fund loans
currently in place; however, this information is available upon request.
FINANCIAL IMPACTS
The balance of cash and investments as of March 31, 2017 was $133 million. This is down $7.4
million from the balance at the end of December, 2016. The decrease is due mainly to large debt
service payments during the quarter. The net investment earnings during the quarter ending
March 31, 2017 were $250,082.
ATTACHMENT
1. Resolution
2. City Treasurer's Quarterly Report dated March 31, 2017
ATTACHMENT 1
RESOLUTION TO RECEIVE AND FILE THE CITY TREASURER'S QUARTERLY
REPORT DATED MARCH 31, 2017
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 City
Treasurer's Quarterly Report dated March 31, 2017 and directs the City Cleric to file the report.
le
City of Petaluma
Quarterly Investment Report
January 1 to March 31, 2017
rk��l
a/
0
ATTACHMENT 2
This report is presented in accordance with the City's investment policy and the California
Goverm -rent 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 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 31, 2017.
kk
CITY OF PETALUMA, CALIFORNIA
CITY TREASURER'S QUARTERLY REPORT
For the quarter ending March 31, 2017 -
Cash activity for the fiscal year:
Cash and Investments, Beginning of the quarter, 12/31/16 $ 140,431,496
Cash Receipts 59,360,298
Cash Disbursements (66,743,654)
Cash and Investments, End of the Quarter, 3/31/17 $ 133,048,140
Cash and Investment Portfolio at March 31, 2017
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 Maniaged by Fiscal Agents:
CAMP Debt Issue Accounts
Trustee Money Market Accounts
Subtotal
Total Cash and Investments
Percent
Fair Market Par Value of
Value* (Cost) Portfolio
373,535
373,535
0.28%
59,961,879
60,124,444
45.19%
32,059,517
32,059,517
24.10%
24,843,278
24,987,745
18.78%
250,000
250,000
0.19%
6,715,693
6,715,693
5.05%
124,203,902
124,510,935
93.58%
432,046 432,046 0.32%
8,105,159 8,105,159 6.09%
8,537,205 8,537,205 6.42%
132,741,107 133,048,140 100.00%
I certify that this report contains the total amounts of cash and investments at March 31, 2017.
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 rep t for the quarter ending March 31, 2017.
William Mushallo, Finance Director L
*Fair market values are furnished by the State of California, Local Agency Investment Fund and California Asset
Management Program.
** See detail attached
CITY OF PETALUMA, CALIFORNIA
CITY TREASURER'S QUARTERLY REPORT
For the quarter ending March 31, 2017
Investments Dlanaged by CIO, Treasurer:
Assessment District Bond (AD) 2000 -01
Sub -Total Assessment Districts Bond (AD) Accounts
LAIF
LAIF accrued interest
Sub -Total LAIF
CAMP Pool - Treasurer's Investment Money Market
Sub -Total CAMP Pool Managed Account
Federal Agency Bonds/Discount Notes
Fed Agency accrued interest
US Treasury Bonds/Notes
US Treasury accrued interest
Sub -Total P M, Securities Managed Account **
Certificate of Deposits;
Umpqua Bank
Sub -Total Certificate of Deposits
Checldng Accounts;
Exchange - General Operating
Exchange - Payroll
Thomas Lee Charity Trust
Police Trust
Citibank
Sub -Total Cheelcing Accounts
Total Cash and Investments Managed by the City Treasurer
Ii veslnients Hanaged by Trustees Fiscal Agents:
373,535.08 373,535.08
373,535,08 - 373,535,08
49,926,289.20 10,085,041.72 60,011,330.92
85,041.72 113,113.53 (85,041.72) 113,113.53
50,011,330.92 10,198,155,25 (85,041,72) 60,124,444.45
30,383,319.93 10,603,912.78 (8,927,715.51) 32,059,517.20
30,383,319.93 10,603,912.78 (8,927,715,51) 32,059,517,20
17,109,667.54
314,798.40
(623,782.07)
16,800,683,87
34,901.63
42,274.85
(41,940.77)
35,235.71
7,374,208,21
2,991,172.86
(2,235,876.76)
8,129,504.31
14,721.22
43,347.50
(35,747.77)
22,320,95
24,533,498,60
3,391,593,61
(2,937,347,37)
24,987,744.84
Subtotal 105,301,684.53
24,193,661,64
(11,950,104.60)
117,545,241,57
250,000.00 61.64 (61.64) 250,000.00
250,000,00 61.64 (61,64) 250,000.00
25,509,916.98
29,676,245.98
(48,559,197.03)
6,626,965.93
6,975.30
5,483,297.00
(5,483,293.28)
6,979.02
1,817.38
-
-
1,817.38
79,921.09
9.85
-
79,930.94
750,986.96
10.29
(750,997.25)
5,858,658.97
26,349,617.71
35,159,563.12
(54,793,487,56)
6,715,693.27
131,901,302.24 59,353,286,40 (66,743,653,80) 124,510,934.84
CAMP -AD 23, 24, 25 Accounts Money Market
431,129.66
916.50
432,046.16
CAMP- 2003 COP, 2007 TAB, 2011 TAB
0.00
-
0.00
Sub -Total CAMP -Debt Issue Accounts
431,129.66
916,50
432,046.16
Bank of New York
2,246,500.00
-
2,246,500.00
US Bank First American Treas
5,852,563.91
6,095.06
5,858,658.97
Sub -Total Trustees Money Market Account
8,099,063,91
6,095.06
8,105,158,97
Total Cash and Investments Managed by Fiscal Agents
8,530,193,57
7,011.56
- 8,537,205,13
TOTAL CASH AND INVESTMENTS 140,431,495,81 59,360,297,96 (66,743,653,80) 133,048,139.97
** See detail attached Accrued interest (170,670.19)
General Ledger 132,877,469.78
CITY OF PETALUMA, CALIFORNIA
CITY TREASURER'S QUARTERLY REPORT
For the quarter ending March 31, 2017
Cost vs. Fair Market Value
Unrealized
Cost FV
US Treasury Bond/Note
Federal Agency Bond/Discount Note
Corporate Note
Certificate of Deposit
8,129,504.31
16,800,683.87
-
8,129,588.29
16,713,689.58
-
83.98
(86,994.29)
-
Sub -Total PFM Treasurer's Invest, Securities
24,930,188.18
24,843,277.87
(86,910.31)
CAMP Pool Money Market Fund
32,059,517.20
32,059,517.20
-
Sub -Total CAMP Treasurer's Investments
56,989,705.38
56,902,795.07
(86,910.31)
Accrued Interest
57,556.66
CAMP Total Investment Managed Securities Held
56,960,351.73
CAMP Debt Issue Managed Accounts
432,046.16
432,046.16
-
PFM CAMP Total Treasurer's Investments KK
57,421,751.54
57,334,841.23
(86,910.31)
LAIF 60,011,330.92 59,961,878.64 (49,452.28)
LAIF amortized cost rate 0.99917595100
** See detail attached
4v
C�
1�
rrl
V
r-4 O
N �
h MMh
W
M d"
O
Cf3
r�
0
FLO
� H
OR
M
Ur
y to
M N
o en
wo
O
PH
t
Et-
�o
v� 0
O
O
U
bA N
'ofr
to
�r
c�, 06
rh H
N
o o N .O m to C) o m o at cn to H
p e F Ln O M Io H rn o in co Iq ry H n o
N [V tri co c 1 r 7 d to o m v V H o
N � o°O VH,' iNtl a VN•� 1 rn m rH Ln rn n
f� V' O ID O 1-4 N N m tD � al al o
}# > rn m m N m m N N Qi O to 0
V' m t0 m m l0 ri �--I +-i A H H
yV � r o0
LT
C tpp
'o b ,�i N o N n n a i• +m-a M
L j - N a+ ai t\ co o t) m to m ko m N m Cl) o
y m m O m H O N O M O to N al
.0 'i O in cn t\ to rn q- O m Iryn to 'N n 7
O _ O V Omi m LO M N oho W tNn a� N n C r0-I tm0 0
F t}' 61 lD M m to <j' o H r1
AF
NNE
L2MINE
L
to H N m to to O' H to m a! m H (�
L N [t' rn ctNoV O7 t0 a1 al m to N l!1 m
t.H',1 tN0 lmD N m M N N tan M M `r-i
r Q FC ..i-i eq
p
RM
t� (� O t0 m N M to In N m H M M m o
-0 to to 14 6 00 M N rl� TT ro O o t--I ri *-� +-I H rl +-i cti� A O O +-1
` N t°n Iq � � O tma co n v-1 M ta0 I: CY!
V• Ln O Ln V- to co ,� 0) H ai
to
: n trl to c� N N O rn H rn
Ol O a� M N n H n N N 'd• M O n rn
�C u Lo o ri ri o Co N .-+ N 0) N ti m O'
Z al Ql M N at V' In at N t� 01 H tb O
;-F
V. O m l to m t0 <h O 'cj' H rq H ri
a7 =
y� to to tton Lo to to to H h \ H n in to Ln
CD d H H H H
H H H
B'~ O at a1 'd' d' to Ln M
U a M N O O H O O O H M M M
wl:
v Q \
O �H-i H O H H O O O
VOl
'A to /n V1 to 10 m f\ t\ t\ to to to
di H
++ , S 1 N CD
[Q A fQ N N O O O H O O O H ri H O
z �" Q d\•
41 m m m m ra m m m m m m m
m m m
Cs a ¢ ¢ ¢ ¢ ¢ ¢ ¢ ¢ a ¢ ¢
U.
0 0 0 0 0 0 o p o to 0
O O O O O O o O p O N O
O O O O O p O O O O C� al O
-y f0 Cl O O O ° O O O O O O O N O
�+ ''� L1• O O o O O O O O O o o n o
O O O to U7 O O O to O O m O
ni O O M N f\ - Ln O N O ll1 H to O
'I�I In O to m m to V' *-t <t' N tj' H H
rf H 14 r-I
;y� m
jIL1= '
N �
V`,= -%; N NN �N77 N NN N N N NNN N N ¢ ¢
.NA .m4 M H
Q• al m at 0) a~i m at al al M m m
Wl
WN
oa m m m rn m m o 0 o m m rn
IRS Hfu
H H H H H H N N N H H H
O O O o O O O o O O O o 0
N N N N N N N N N N N N N
Q o O O H H O O H p. al H H H H
rQ C m m M m Mf\"1 M M Z N M o o N o
� a O O H H O O H O NO O d aV' O Q O
#_
V O o 0 0 0 o a o n � o o p ¢ o o to o
(A V {n to o O to to 0 o to to
¢; tt�} m t� N W tr� m ` twit LL< ^ m
cu .t-+ Fo o O o FFb tfrH�j Q ,-i b ,-i O ri O H �-i O mti ,-i �• o ,�
d1 (0 2 H Z ,�- Z^ 2 rm-i . -I Z .�i Z .�-1 Z i�-1 H Z t- N N .Ln-1 in N .Lr)-�
TA } o } o } o } o } o } o } o } o a } o N o O o
N !�' N N N
Q U O O N a H H O H N N = H f•" � H H ri
zO" � M M m M ° M M M O O O O o ° O
t0 \ y \ \ w,a�y \ t!{fQy�� \ j(�lQ�y�. \ l(UQ�y} w \ tL \ \
•� Q f- pop F- QaQ pHp F- (Hq] t" [ °p] t-." [ °q] t_ QHp qaq Cp) (qD U 4�.. Cp) Qaq pHp
d) to F c!] h M F vl F in F In F to F cn h Z F (n F N
°_Ui V1 aQ a0 �Q 5n Dn MO �n 5n 5n a� !O Lin tLn iin
Ln
dl
rn
0.
O
O
�i
M
Ln
C
O
Q
�u
�1
LL
LL
C
n
+i
ri
l!
i
N
N
.O
c
_
M
m
r-I
rl d
o
o
rn
m
�O
Cl
to
to Ln
a
O
0)
li
al rli
M
t71
L
N
Ln
ID
-
m
o
^i
w
N N
N
N
O
=
o
rn
M
N
oq
co
.o-�
N
M
�
=a
O Ol
O
O C,
ri O
RI
M
L°
U
t�
rn
10
Ln
m
7 L
N
N
M
U .N
N
co
m
N
a lS
G
m:
IC
Jam_
0.
57- _ O �7 cc
HT- Q 0. Q M
r
Ln° �A
LO
t m
V M M M M
f
<�
4j
o rn rn N a1 0
�- C.
L O O O
Q 33 O N x �
as ;¢o ao �Q �o
full V •O-1 +�-I 0 !P N tO- V'
-� Q rn
\ � m �i N U] ib In
N Ln N tD W LL-i N H
41 LU CD
U_ u� za rc 0 � �o
om � rn m o oM oo rn
iT
N li o Owe : H NO f,
fr M M .--i O 0 n ° O f
,- -! Ln m N ri 14 rl ti
ti in
a-r
G
7
O
W o
to o o n rn L Q
N
m N r1 Ch 14 M cd W t0
03 co m H 0) O n co T
rn 03 lri M n rn c{m- os
It � n Ln m N
M
�q 0 Ln c N °o o Oho N
o r`i co ui co -4
M M Ln 00 H t0 t O lal
� r-1 ♦-1 rl N rl t0
n
Ln 1 W 001 W 04 0; 00
W 0
O O O o O O O O
o0 o rn ° ° lL o
Vim', o o q 0
IA
'MV' tNO (0 N n LQ m eq
1l1 0�1 H C) n m m m N
T.j
.tea 10 ID In 10 to ko
\ \ \ \ \
� O N rN-I N O
N M co (\ll M\
O O O O O O O O
ko ko w rj 10 ko 10 H LO
'A o li N Oi N H N
\ \ \ \ \ \ \
O O o O O O O O
m m in rm� m m ra' ro
Q Q Q ¢ Q 6 Q Q
C, o a a o a
O b O O o O O O
O O O O O O O O
O O Ln In O O O O
M
N N toa n N C) M M
H
U n m m a ¢ w w
o vU`i o 0 0 0 V)
MM M M M M M M
00 00 co co co co 00 co
rq
m M Y c Y C) mD o 0 0
0 0 o Z o o .-+ .--+ .-+ �.
�o
i n N Z n zn N n �n �N
,q O? m 4 o Q m 10 �1l m m Z
o o D o 9 o o 0 o V o
(A to l0 'w t0 w l0 10 l0 tO lf3 'i'J
p, O Wt D x O � O cW� o ,._i o F(W�� o }�f O Lo
O N "' .f°- o
zn\i �min v\i ZO^ �� Urnrn
fn u. a u_ o o w o u1 o u o u o u. o C-
O
o m
.O
_
}Ui
R
O
r-I
rl d
_
N
N.
Gi
�O
m
m
to Ln
a
O
0)
li
al rli
M
L
N
Ln
ID
-
-4-i
0
0
.�-i rLn-i
0 0
=
o
o
O1 o
O Ol
O
O C,
ri O
RI
N
al
U
t�
rn
1:
a
G
m:
IC
Jam_
0.
N
o
o
M
In m
0�
O
01 co
o
�o N
57- _ O �7 cc
HT- Q 0. Q M
r
Ln° �A
LO
t m
V M M M M
f
<�
4j
o rn rn N a1 0
�- C.
L O O O
Q 33 O N x �
as ;¢o ao �Q �o
full V •O-1 +�-I 0 !P N tO- V'
-� Q rn
\ � m �i N U] ib In
N Ln N tD W LL-i N H
41 LU CD
U_ u� za rc 0 � �o
om � rn m o oM oo rn
iT
N li o Owe : H NO f,
fr M M .--i O 0 n ° O f
,- -! Ln m N ri 14 rl ti
ti in
a-r
G
7
O
W o
to o o n rn L Q
N
m N r1 Ch 14 M cd W t0
03 co m H 0) O n co T
rn 03 lri M n rn c{m- os
It � n Ln m N
M
�q 0 Ln c N °o o Oho N
o r`i co ui co -4
M M Ln 00 H t0 t O lal
� r-1 ♦-1 rl N rl t0
n
Ln 1 W 001 W 04 0; 00
W 0
O O O o O O O O
o0 o rn ° ° lL o
Vim', o o q 0
IA
'MV' tNO (0 N n LQ m eq
1l1 0�1 H C) n m m m N
T.j
.tea 10 ID In 10 to ko
\ \ \ \ \
� O N rN-I N O
N M co (\ll M\
O O O O O O O O
ko ko w rj 10 ko 10 H LO
'A o li N Oi N H N
\ \ \ \ \ \ \
O O o O O O O O
m m in rm� m m ra' ro
Q Q Q ¢ Q 6 Q Q
C, o a a o a
O b O O o O O O
O O O O O O O O
O O Ln In O O O O
M
N N toa n N C) M M
H
U n m m a ¢ w w
o vU`i o 0 0 0 V)
MM M M M M M M
00 00 co co co co 00 co
rq
m M Y c Y C) mD o 0 0
0 0 o Z o o .-+ .--+ .-+ �.
�o
i n N Z n zn N n �n �N
,q O? m 4 o Q m 10 �1l m m Z
o o D o 9 o o 0 o V o
(A to l0 'w t0 w l0 10 l0 tO lf3 'i'J
p, O Wt D x O � O cW� o ,._i o F(W�� o }�f O Lo
O N "' .f°- o
zn\i �min v\i ZO^ �� Urnrn
fn u. a u_ o o w o u1 o u o u o u. o C-
C1 i+ m m O tD O O Ti O N 'V' m �D pp N CT
N m tri to <f } o v N to o r-i t\ m
R _ L 2 7 ct in to N to H N n d' ,-t a
H N g m to H o? (� H o N io Cn N a$ N to O
n <1' N to !n CT N m oo 14: CT
M ct n m <t L co m m V H M M tfn O
s co v H �o n o 00 to to m m n e} o
U f ,-i � .-i M co N M
- H N M to
C
tr1 E
O
t€ u
OD m tj' O m O t\ M H p cf- tC tD O
� b tD `I: H CO to M H pp tp N Q
W N 44 � N
GtNp Omi In
O U r� v m r m I� m m m m v m
C = to n m to to to m m m V- H 00 r1 to
O F E m ct H ao N o m to to co m In M O
N
M
O
lL �
Y% m m n m Cl to o N rl m Qt t0 C.
Q1 N H Ol ID co O N O It Co Cn O {n tD O
L N t0 lD rl to H ui o tD rl tD M 6
U ° m m nmj Gi 00 M
li CD
n M to
1 a N co to
t M in
r
L
C O� 00
rn o o co rn 01 o o Ln m p
t ro o ti H .-4 .-i o O o .4 ,--i ti O A
O O O O O to O O O O O O
L(7 O O O m t0 o O O O lz� N �.{ N
O r1 C6 n O [V hl `ch O 00 h
N H m CO V' O H fV m l0 m m 03 OD H
OI O to m H to io In m m o cF r, d' 00 to
C U ri 6 t` ti of m ri m of m N ': ai
��. p to r` m to to to m m m v! L( a to
f— 00 tj- H In f\ o m to N O m to M O
,-4 "t (n N
to 10 ID lD 10 ID b to In CD n
d) H H H H H H H r-1 H r1 H
V b O O N M O N N o o O N
CD � n M t`D CD h C) m O N
O H O O O O O O O H O
T1
t0 tD 10 lD l0 10 t0 lD lD l0
cu
D\l N C) M IDD CD ^ n W O N
w N
G m
�, a v° ro ro ro ro m ro ra ro ro m ro �.
t� 4 ro ro ro m ro m m ro ro
1- $ z
G fro'
v
O Cl O O o O O O O O o p n o
L O O O o 0 0 0 0 o O O p n N
�(n - (Q O O O O C� O O O O 6 O O H
O O O O O O O O Cl O
O H
A' O O O O O O O O O O O O m to
I y - O In O O O O O O O O tl) p (T
-�� In t\ O to t0 to O O O to H O zF to
co W N tD 1, O m ID tD m M ip +t} o
ll1 tl
H N
tw
m �o
C3 CO
0 Ln CD m to o to t\ o o to to m to
-• "�' H H H H H
Ll` U m m m m m m m m m m m
L ` T.
>.
m m m m m m m m m m
fu O O mNot O o O O O O O O
N m m O
_ U
N U N �tOnn U °o v� N N N z0 ^ O n o 0 °o H M f:
�¢' O y H N z o W .-� µ� ,-t w .1 W m z ro o o to ,p 1 .
\ F+ 4 4 ttU .4 ! i t 4 U o o H
k E ? N l0 to iD Z to Oz to OZ tD Z io Q io ID ID n M c
H H H H H H H H H H dl U
0 0 o U o 0 0 0 0 0 0 0
t1 U IJ7
N N N N N N W N N N N N
U a1 ` U
y�y, N M O z M H u+ M M t o z N I- N t- N {- o� �"' •� o .�*
S—M ^6 t Q. .G.t l0
41 U O O W O U b' W U U O d O
5¢z' (rat �N1 m [N] QrM Up C(]D [J� (t]D iz m };5 7z �Qm^ z m z QFN Ot DQ-
� = Cn , Q S Q Z 0.tL' C] Q IT T z L] LL. Ll Q z L1 Vi m U L.
N o tD r
Lo to Iq
ILA N Ito M
h lQ
> VVI O Ln ID
i44 - On
O m i!t N kcD D
ro � Ln
C _
N 0000
W N
o U
� Q
0 00)
M L
LL
_ y b tD
al O tD
In
Q H
= VI
r U co
0
m Iq
f0 N co
.nil O
in co
��r •� U 1A n
_ o m
M L
-
L y N
(D to A
4.. r
v
1
to
o
U � �
to _yc L. H m
m N o
LA a
m cn I P
:W- In o
0 C
rr m i
rte;
Tyr
-z_
'4Ha.
`ice' U
yam:
ro
o c
—� CL A
00
at
CD
d
O
O
t-1
M
Ln
C
0
O
Q
r3
M
(i1
Vi
0..
G
Untitled Page
> R —
—1_
BETTY T. YEE
California State Controller
LOCAL AGENCY INVESTMENT FUND
REMITTANCE ADVICE
Agency Name
Account Number
Page 1 of 1
PETALUMA
98 -49 -650
As of 04/14/2017, your Local Agency Investment Fund account has been directly credited
with the interest earned on your deposits for the quarter ending 03/31/2017.
Earnings Ratio .00002126194403179
Interest Rate 0.78%
Dollar Day Total $ 5,319,999,282.16
Quarter End Principal Balance $ 605011,330.92
Quarterly Interest Earned $ 113,113.53
httpJ /Iaitsco.ca.gov/Result.aspx 4/25/2017
nk
1*
1*
1*
1*
2*
2*
2*
2*
1*
1*
1*
�o��v�NVtsr,�Fy9 State of California
0 Pooled Money Investment Account
a Market Valuation
1P 14 3/31/2017
�iaTlj�illg GOSt ptUS
- Aescriptron �4ccrued In #eresSirch
AmorfizecJ Gost =,
r r
- F►rv1(al�le Accrued inferesf
United States Treasury:
Bills
$ 11,529,529,518.46
$ 11,555,331,831.40
$ 11,547,993,500.00
NA
Notes
$ 19,784,669,253.72
$ 19,783,508,723.77
$ 19,749,210,500.00
$ 33,930,754.00
Federal Agenc :
SBA
$ 866,949,257.52
$ 866,912,128.47
$ 858,953,922.79
$ 729,325.65
MBS- REMICs
$ 44,788,917.08
$ 44,788,917.08
$ 47,053,192.13
$ 211,005.30
Debentures
$ 949,997,076.07
$ 949,997,076.07
$ 946,506,000.00
$ 1,591,535.50
Debentures FR
$ -
$ -
$ -
$
Discount Notes
$ 7,768,611,458.36
$ 7,782,989,930.58
$ 7,780,400,000.00
NA
GNMA
$ -
$ -
$ -
$ -
Supranational Debentures
$ 299,965,313.04
$ 299,965,313.04
$ 298,392,500.00
,$ 492,013.50
Supranational Debentures FR
$ 50,000,000.00
$ 50,000,000.00
$ 50,073,000.00
$ 121,526.17
CDs and YCDs FR
$ 300,000,000.00
$ 300,000,000.00
$ 300,000,000.00
$ 670,902.50
Bank Notes
$ 600,000,000.00
$ 600,000,000.00
$ 599,607,935.89
$ 1,439,055.55
CDs and YCDs
$ 10,550,000,000.00
$ 10,550,000,000.00
$ 10,547,089,360.14
$ 25,231,888.90
Commercial Paper
$ 5,830,869,194.46
$ 5,839,554,041.75
$ 5,838,495,499.98
NA
Corporate:
Bonds FR
$ -
$ -
$
$
Bonds
$ -
$ -
$ -
$ -
Repurchase Agreements
$ -
$ -
$ -
$ -
Reverse Repurchase
$ -
$ -
$ -
$
Time Deposits
$ 5,480,740,000.00
$ 5,480,740,000.00
$ 5,480,740,000.00
NA
AB 55 & GF Loans
$ 7,824,657,000.00
$ 7,824,657,000.00
$ 7,824,657,000.00
NA
TOTAL
$ 71,880,776,988.71
$ 71,928,444,962.16
$ 71,869,172,410.93
$ 64,418,007.07
Fair Value Including Accrued Interest $ 71,933,590,418.00
* Governmental Accounting Standards Board (GASB) Statement 472
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 (0,999175951).
As an example: if an agency has an account balance of $20,000,000.00, then the agency would report it,4
participation in the LAW valued at $19,983,519.02 or $20,000,000.00 x0.999175951.
City of Petaluma Performance Summaries
Past Quarter
0.28%
0.260%
Past 6 Months
- 0.06%
- 0.17%
Past Year
0.40%
0.25%
Past 3.Years.
0.82%
0,72%
Past 6.Years
0.72%
Effective Duration
1.80 years
1.k:
.ears .
Yield
1.08%
1,27%
Notes;
1. Bank of America Merrill Lynch (BAML) 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.
S. Inception date is 12/31/01,
6. Yield for the City is calculated as the Yield to Maturity at Cost. The Yield for the City's Treasury
benchmark is calculated as the Yield to Maturity at Market,