HomeMy WebLinkAboutAgenda Bill 3.L 06/07/20044
CITY OF PETALUMA, "CALIFORNIA o
_
AGEA BILL
7
A;aenda Title
—J une u ne
,
t Receive and File Quarterly Treasurer's Report
June 7, 2004
Meeting'Time ❑ 3:00 PM
❑ 7:00 PM.
Category (check one) ❑ Consent,Calendar ❑ Public Hearing ❑ New Business
❑ Unfinished Business ❑ Presentat'ion.
Department
Director
Contact Person
PhoneNumber
Finance
Joseph D. N etfer°
Cinde,Rubaloff
778 =4357
Cost of Proposal NA
Account Number NA
Amount Budgeted NA
Name of Fund NA
Attachments to Agenda Packet Item :.�
Resolution Filing Quarterly Treasurer's Report
December 31, 2003 Treasurer's Report
Summary Statement
State law requires all local agencies to file :reports on the status of their investment portfolio with their City
Council and City Manager. The Finance Nrector /City Treasurer, provides the City Council with a monthly
Treasurer's Report that shows the market value and the-cosf;of all cash:and investments held by the City of
Petaluma, along with a schedule that shows the monthly activity of receipts; transfers and disbursements.
The Quarterly Treasurer's report is presented to the City Council.at a regularly scheduled public meeting.
State law also requires that :the City Treasurer submit an annual Statement of Investment Policy to the City
Council. The City's investment practices comply with the approved City - Investment Policy and with the
requirements of State law.
Recommended City Council Action /Suggested Motion
Approve resolution to receive and file December 31, 2003 Treasurer's Report
Reviewed bv Finance Director:
Reviewed by City Attorney
ApprovW.,bv City Manager:
Date:
Date , .
To -' ate: -
Revision #' a a e evised:
File Code:
#
s:\ accountant \cinde \word \tr\agendabill
E
RESOLUTION To RENEW AND FILE. THE
DECEMBER 31, 2003 'QUARTERLY'CITYTREASURER'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'RESOL,VED that the City Council has reviewed said report
and directs the City Clerk to _file it.
City of Pe California
Cash/Investm*ent'by Type- December, 2003
Total Cash/Investm ents $98,901,072
LAIF
$16,565
25%
Federal AgencySecuriti
$36,375,301
49%
P/o
NA"
460;090
2%
is-cAlAgents
42,914,ov
23%
Cash,
Other $429,843
filename:: s Ancountant\cinde \excel\ V W th
CITY OF PETALUMA, CA
CITY TREASURER'S, QUARTERLY REPORT
For the,quar.`ter ending,December,'2003
!Cash: Activity for the Quarter:
;Cash and,Investments, beginning of the quarter
Cash'.R eceipts
Cash�Disbursements
Cash and Investments, end of the quarter
$ 75,959,129
50,221,025
(27,279,083)
$ 98,901;072
'Cash and Investment Portfolio at December 31, 2003•
Investments Managed by City Treasurer:
AD 2000 -200.1 Bond
Local Agency Investment Fund
CA Asset Management Prog
CAMP/Fed Agency Securities
Wells Fargo Sweep Account
Subtotal
O tments Managed by Trustees:
CA AssetManagement Prog
Trustee Money Market Accounts
Subtotal
Checking Accounts
Total Cash and Investments
Cash = Sweep Account plus Checking Accounts
Fair
Value*
Par Value
(Cost) _
Percent
of
Portfolio
Weighted
Days to
Maturity
Current
Annual Yield
956,023
956
0.97%
4,096
6.00%
16
16;565,474
16.75%
1
1.56%
2,460;090
2,460,090
2.49%
32
0.93%
36,,160730
36,375,301
36.78%
657
2.41%
495;221
495,221• -
0.50%
1
0.10%
56;647,335
56,852,109
57.48 %°,
42,832,362
42,818;38
43.29% 8 1.09%
155,647
155,647
0.16% 1 0.48%
42,988,069
42,974,027
43.45%
(925,064)
(925,064)
- 0.94% 1
$ 98;710 $
98,901,072
100.00 %0
(429,843)
Fair values were furnished by the State of California, Local Agency'Investments and CAMP.
I cerbfythat this -report contains total amounts .of cash and investments et December 31, 2003.
The investments are inconformity with the Investment Policy as °stated in Resolution Number 2002- 036NCS, dated
February 25, 2002. A copy of the Investment Policy isi available for review in the Finance Department. The
City Treasurer's cash managemenfprogram,provides sufficient liquidity turnm et
the next'six.months.
*adjusted to FV quarterly
CITY OF'PETALUMA,'CA •
CITY TREASURER'S QUARTERLY—REPORT
For the quarter ending.December; 2003
Beginning
End
of Quarter
Receipts *A
Transfers Disbursements
of Quarter
.Investments Managed by City Treasurer:
AD2000 -2001 Bond
956,022.72
-
-
956,022.72
Local Agency Fund
16,525,728:47
54 433.79
>
2,250 000.00
( � ) -
14,330,162:26
Local Agency Investment Fund
2,226,568:32
8,743.76
- -
2,235,312.08
CA Asset Management Prog
1,569,717.83
5,422.65
.894,051.46 (9,101.97)
2,460;089:97
FHLMC Global RefNotel /04
1;455,514.98
(22,272.76)
(1,433,242.22) _
_
FFCB Notes 2/,04
1
11,250.00
- -
1,020
FNMA Benchmark Note 8/04
1
24,375.00
- -
1;628,708.33
FNMA Benchmark Note 8/04
1,088,305.5.6
16,250.00
- -
1,104,555.56
FHLB Global Note 1105
2,031,825.83
20,625.00
- -
2,052,450 83
FHLMCGlobal Ref Note 1105
1,112,170.14
17,187.50
- -
1
FHLB 2/05'
903,794.25
4,218.75
-
9.08
FHLMC Notes 5105
1,004,736.11
4,375:00
(8,750.00) -
1,000,361.11
FHLMC Global WNote 1105
1,084,641.78
17,500:00
-
1,1'02,141.78
FHMABenchmark;Note 10105
1,638,68L51
11,500:00
(23,000.00) _
1;627,1 81.51
FNMA Benchmark Note 1'2/05'
-
12,543.34
1,133,495:45 -
1,146,038.79
FHLMC Note (callable), 12705
1,005,666.67
5,000.00
10 000.00 _
( � )
1,000,666.67
FHLMC Global Ref Note 1/06
2,189,744.80
26;249.99
- -
2
FHLB TAP Note 2/06
1;198,482.65
14
- -
1,213
FNMA.BenchmarkNote:2 /06
2,155,071.19
27,500.00
- -
2,182,571.19
FHLB Note (callable) 2/06
1,132,486.00
6,780:00
- -
1,139;266.00
FHLMC GI6bal.RefNote 7/06,
1,654,773.17_
20;625.00
- -
1,675,398:17
FHLB'TAP Notes 8/06
-
2,572.92
1,491,003.54 -
1,499,576'.46
FHLMC Note (callable) 12/06
1,510,104.17
9 181.50
18 375.00
( ) -
1,500,916.67
FHLMC Note (callable) 12/06
1,092,613.84
6,645.63
13,291.25 _
( )
1,085,968:22
FHLB Bond (callable); 12/06
1,005,702:08
5 550.00
( 11 100.00 ) -
1,000,152.08
FHLMC.Discount Note 10/,.03
2,296,744.22
3
(2,299,907.66) _
_
FHLMC Discount Note 11/03'
2
5,688;67
(2,300,000.00) _
_.
FHLMC Discount.Note 10/03
514;606.03
393.97
(515,000.00) _
US Treasury N/B 2/05
1,037,834:83
3,942.86
- -
1,041,777.69
US Treasury Note 3/05
998,950.65
4,084.70
- -
1,003,035.35
US Treasury Note 5105
-
7,742.88
538,702.45
546;445.33
US Treasury Note 6/05
999,913.38
2,812.84
(5,625.00) -
997,101.22
US Treasury Note 9/05
-
4,442.11
1,153,091.51 -
1,157,53,3.62
US Treasury Note 11105
1,406,152.3`5
18,069.62
(35,937:50) -
1,388;284.47
US Treasury Note 11105
2,305.33
1,495,759.16 -
1,498,064:49
US Treasury Note 5/06.
355,761.21
1,759.83
(3,500.00) -
354,021.04
US Treasury Note 5106
- 1,172,725.88'
17,283.99
(34,375.00) -
1,155;634.87
Wells Fargo Sweep - Account
969,286"52
293.40
474,359.12
(. ) -
495,220.80
Subtotal
59,202,676 80
382,893.53 _
(2,724,359.12) (9,101.97)
56,853,109.24
CITY OF'PETALUMA,,CA
CITY TREASURER'S QUARTERLY "REPORT
Forthe quarter endi'ng'December,:2003
Beginning End
of Quarter .Receipts *^ Transfers Disbursements of Quarter
Investments Managed by Trustees:
CA Asset Management Prog
US Bank First American Treas
JP Morgan US Govern MM
Wells Fargo Govern MM
Union Bank Blackrock
Subtotal
Checking Accounts:
General Operating
Payroll
Mast
Thomas Lee
Police Trust
Subtotal
O T otal Cash and Investments
^includes gain/loss on maturity/disposal
" accrual basis
17,333,629.26
26,995,276':38
(1,510,257.05)
(268.63)
42,818,379.96
79,994.82
88.09
699,477.71
(746,819.98)
32,740.64
72,3.76,40
135.51
767,565.76
(717,211.41)
122,866.26
11.39
9.14
201,292.36
(201,303.75)
9.74
7.72
32,01.
437,907.51,
(437,916.54)
30.70
"17,486,019:59:
26;995;541.13
595,986.29
(2,103,520.31)
42,974,026.70
(798;117.46)
22,229,948:26
(1,795,547.17)
(20,621,661.64)
(985,378.01)
19;607.54
-
4,538;920.00
(4,533,388.30)
25,139.24
45,537:33
612,641.74
'(615, ,000.00)
(11,409.42)
31,769.65
483.48
-
-
-
48148
2,921.26
°0.73
-
-
2,921.99
(729;561:85)
22;842,590.73
2,128;372:83
(25,166,459.36)
(925,063.65)
$ 75;959,128:54 $' 50,221,025.39 $ $ (27,279,081.64) $ 98,901,072.29
•
CITY OF PETALUMA, CA
CITY'TREASURER'S QUARTERLY REPORT
For the quarter ending December 2003
on of Cash Disbursements:
Accounts Payable.Cash Disbursements October, 2003
Accounts PayableCash Disbursements November, 2003
Accounts Payable'Cash'Disbursements December, 2003
Accounts Payable Cash.Disbursements after December 3'.1, 2003
Prior QuartersCash Disbursements- Recorded in current quarter
Voided Accounts Payable Checks
Check Writterrto Trustee - .Recorded as a transfer on page, two
Payment made by Trustees on Debt Issues/Refunding/ /Cost of Issuance
Payroll Cash Disbursements October, 2003
Payroll Cash Disbursements November, 2003
Payroll Cash Disbursements December „2003'
Payroll Cash Disbursements after December 31,'2003
Prior Quarter's Payroll`Di'sbursements- Recorded in current quarter
Voided 'Payroll Ch_ ecks
Credit Card Fees
Bank/CA IP Fees'Net
Trustee Fees
Police Trust;Cash.Disbursements
Thomas'Lee Charity Cash Disbursements
6,485,782.65
5,291,400A5
7,856 ; 654.31
2,189,301.74
(3;258.15)
(1,20.1,874:25)
2
1,826,464.37
1,344,510:70.
1,367,901.04
(6,227
535.73
11,409.42
12,960.86
5,229.71
27,279;081.64, 1
Comparison of Investments to Prior Quarter and to Prior Year:
September, 2003
Cash and Investments atahe end of the quarter $ 75,959,130 $
Interest, Received or Accrued from July 1 $ 481,657. $
Estimated Average Interest Rate
US T -bill 91 day Yield
1.41%
0.94%
nber, 2003
98,901,072 $
920 $
1.63%
0.89%
iber .2002
83,832,677
1,134,250
1.61%
1.20%
O
CITY OF PETALUMA, CA
CITY TREASURER'S QUARTERLY REPORT
For the quarter ending December, 2003
Interfund Loans:
Current Period Interest
Year to Date.Interest
Repayment
Amount Loan To
Loan From
Purpose
Accrued Paid
Accrued Paid
I Schedule
1,274,686 Marina Fund
PCDC -Comm Develop Proj Area
Loan payments
- 7,010
1 "5,819
principal not scheduled
4,862,000 PCDC - Central Business District
PCDC -Comm Develop f6j Area
Project Financing
16,016
- 31,496
as;cash flow pemuts
1.83,000 Cotntn Develop Block Grant
Housing in Lieu Fund
Program Funding,
-
- -
when cash received from CDBG
h terfund loan interest calculation assumes that repayments are made the first day of the quarter and loans are made the last day of the quarter.