HomeMy WebLinkAboutAgenda Bill 3.A 07/19/2004•
CITY OF PETALUMA, CALIFORNIA
AG EN DA MILL.
��� ��
Aynda'Title
Meetine Date:
Receive and File Q uarterly Treasurer.'s,'R, eport
July, 19, 2004
Meeting Time N 3:00 PM
❑ 7:00 PM
Category (check one) :. ^ ' blic•Hear'i>ryg El New Business
[A "Consent Calendar ❑ Pu
❑" Unfinished Business ❑ Peeesen,(ation
Department
Director
Contact Person
Phone Number
Finance
Jose -D. Nett r
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
March 31, 2004 Treasurer's Report
State law requires rescal:a l all lo encres to p their nvestmentportfolio with their City
q f .
' The Finance Direcotor /CitthTreasurerf ov> es the
' Cit g y p City Council` with a monthly
Council and Ct Mana er �
Treasurer Report that shows the e o market. valu m held by the City of
J aes a
g � y y p transfers and disbursements.
Petaluma aloe with a schedule that shows them monthly ktiv t rece pt
The Quarterly Treasurer's report >s presented to the City Counc>1,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 -- Aethon /Smested Motion
Approve resolution to receive arid I il'e,March 34, 2004 Treasurer'• Report
Reviewed by Financ
Reviewed by City Attorney
2004 Date:
ii er:.
1 Am) ve" b C>It A Date:
r, JU 9
Tod ' ate; °
" Revision { #: an' d D'a'te Revised:
)File Code:
„'
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RES.OLUTION'T.O REVIEW,AND FILE THE
MARCH 31,.2004 QUARTERLY CITE' TREASURER'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 Investin'ent Policy.
NOW, THEREFORE, BE IT RESOLVED that the City Council has reviewed said -report
and'directs the City Clerk , to file' it:
•
City ®f Petaluma, California
Cash/Investment by Type - March, 2004
Total Cash /Investm nts, 1 $96,421 9 293
Cash
Other $4
SO '023 -
LAIF'
r - - - - I --
$:1:1,36- 8;35:0 % 0 %0:
- - _
CAMP _
_- -
$2,584,963
ZS%
2%
Federal Agency Securities�:
P
$3:6;472,3:55
- 49 %;_ - =
Fiscal Agents
$43,.132,915.
s
_
23 %
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CITY OF PETALUMA, CA .
"CITY TREASURER'S QUARTERLY REPORT
For the uarter fending MV rch, 2004
Cash ,Activity for the Quarter.:
Cash I nvestments, beginning of the quarter, $ 98,901,074
Cash Rec
- . e ipts` 18,600,336
Cash Disbursements (21,080,116)
Cash,;and Investments, end of the quarter. $ 96,421,293
Cash and Investment Portfolio at March 31 2004
Percent
Weighted
'Fair.
Par Value
of
Days to Current
Value * -.
(Cost)
Portfolio
Maturity Annual Yield
Investments,Managed by City Treasurer.:
AD 2000 =2001 Bond "
950,023
9'56;023
0.99%
3,823 6.00%
Local Agency Investment Fund
11,376
11;368,350
11 .79%
1 1.47%
CA Asset Management Prog
2,584,963
2,584;963
2.68%
28 0.92%
CAMP/Fed Agency =Securities
36,404,109
36
37.83%
497 2.34%
Wells Fargo, Sweep Account
987
987,485_
1.02%
1 10.55%
Subtotal
52;309;508'
52,369,176
54.31%
It ments by Trustees:
Mana ement.Pro
I" CA Assetu g- g
42 930 831
42922 470
, .
44.52%
3 ` 0.98%
Trustee Mone 'Market Accounts
210 445
210'445
0.22%
1 0.50%
Subtotal
43 141 276
�� �
43 `132 91
� � 5;+
Checking
1 910,102
91- 9,202.
0.95%
1
Total Cash',and Investments $
96,369;986 $'
96,421
100:00 %0
Cash = Sweep Account plus Checking Accounts
1
, Fair values were furnished by the.State 6F'California, Local
Agency lnvestments;.'and CAMP..
I certify, that this report contains the total amounts of cash and investments.at
March 31, 2004.
The investrnents are inconformity with the Investment
Policy as;stated in Resolution Number
2004= 020NCS
dated
February 23, 2004. A copy of the Investment Policy°is
available for review in the Finance Department. The
City Treasurer's cash management prograrii provides sufficient
liquidity•to]meet
expenditure r
ents for
the next six months.
Vadjusted to FV quarterly
�
• Jos
�
h '. er; Interim Finance Director
JUL ° 9 2004
CITY - OF PETALUMA, CA
CITY TREASURER'S'QUARTERLY REPORT
For thesquarter ending March
Beginning End
of'Quarter, Receipts *^ Transfers Disbursements of Quarter
Investments Managed,by City Treasurer:
AD 2000 -2001 Bond
956,022.72.
Local Agency,Investment Fund
14,330,162.26
Local Agency,Inve0ment Fund
2;235,372:08
CA Asset Management Prog
2;460,089:97
F.,FCB Notes 2/04
1,020,950.00
FNMA Benchmark Note 8/04
1,628,708.33
FNMA Benchmark Note 8/04
1,104,555..56
FHLB Global Note. /0.5
2
F.HL,MC Global Ref Note l /OS
1,129,357.64
FHLB 2/05
908,013.00
FHLMC Notes 5705
1 ; 000 ; 367.11
FHLMC Global Ref Note 7/05
1,102,141.78
FNMA Benchmark Note 1.0705
1,627,181.51
FNMA'Benchmark`Note 12'/05
1,146;038.79
FHLMC Notet(cal]able) 12105
7,000;666:67
FHLMC Global Ref Note 1/06
2,215
FHLB TAP Note 2/06
1,213,134.53•
FNMA.Benchmark Note 2/06
:2,182,571.19
FHLB'Note (callable) 2
1,139,266.00,
FHLMC Global Ref Note 7/06
1,675,398.17
.FHLB TAP Notes 8/06
1,499
FHLB `TAP Notes 8/06
(,1 ;'005,000.00)
FHLMC Global (callable) 11%06
- -
FHLMC Note (callable) 12/06
1,500
FHLMG Note (callable)'l2 /06
1,085,968.22
FHLMC Ref Note 12/06
27,560"60
FHLB: Bond (callable) 12/06
1,000,152:08
FNMA Note 2/07
_
FHLB, Note;,(callable) 6/07
-
US.Treasury N/B 2/05
1,041,777:69
US Treasury Note 3/05
1;003,035.35
US Treasury, Notek5 /05
546,445.33
US Treasury Note 6/05
997,`101.22
US Treasury Note 9105
1,1,51,533.62
US Treasury. Note 11 /OS
1,,388;2$4.47
US Treasury Note 11/05
1',498',064.49
US Treasury Note 2706
_
US Treasury Note 5/06'
1.,155;634,87
US Treasury Note 5706
354,027.04
Wells Fargo Sweep Account
'495,220.80
Subtotal
56,852,109.2*
-
956,022.72.
44',686.66
(5;250,0000)
- 9,124,848.92.
8,1'89.43
-
- 2,W,501,.51
6,115.74
127,767.66
(9,00996) 2584,962:87
280.00
(1,021,230.00)
(38,463.05)
(1.
(46,068.34)
(1
20;625.00
(4.1,250:00)
- j2;03,1,825:83
17,187,50
(34,375.00)
_ 1,112170.14
4,218.75
(8
- 903,794.25
4
_
- 1,004;736. -11
17,500.00
(35,000.00)
- 1,084;641 78
11,500.00
-
- 1,638;687.51.
15;900,00
-
- 1,161
4,333;33
(,1 ;'005,000.00)
26,250:00:
(52,500.00)
-. 2,189,744.79
14 646.87
(29,293.75)
- 1,198;487.60,
27,560"60
(55,000.00)
- 2,155,071.1
4,294:00
(1,143,560.00)
20;625.00
(41,250.00)
= 1,654,773.17
8,906:25
(19;890.63) .
- 1,488,592.08
4
744,353.34
- 248,608.54
8,625:00:
1,515;925.00
- ,524,550.00
9,1,87.50
- 1,51O
6,645:62
-
- 1
5,151:04
757
- 762,83,4;64
5,550:00
-
- 1
2,256.25
1,141,332.31
- 1,143',588.56
438:96
875,000:00
- 875,438.96
3,885.09
(7
- 1,037
4'
(8,125.00)
- 998
8,537.50
-
- 554,982.83
2,812.50,
99,9 „9,13.72
4 ;646.351
(9,343.75)•.
- 1,152,;836.22
17968.75
-
1,406,253.22.
6992.82
-
1,505;057.31
1;;280.57
998;726.22
- 1,000;006.,79
17,187.50
-
1,172;822;3,7
1,750.00
-
- .355 71-1.64
175.08
492,088.82
987;484.70
283,987.57'
(4,757;911.18)
(9,009.96) 52,369;175:67
v otal "Cash and Investments $' - 9,8;901;072:29' $ 18;600 ,$ _ , ., . $ (2
^ includes gain /loss on maturity /disposal
" accrual basis
CITY,QF PETALUI6IA; CA
��_
CITY TREASURER'S QUARTERLY` REPORT'
For tfie: "quarter ending MArch,,;2004
Beginning
End
of_ Quarter Receipts * _ _
Transfers _ • .
Disbursements
of Quarter .
Investment"s' Managed by Trustees:
CA A'ssetManagement Prog
42,818,379;96 104293.'68
-
(203:34)
42,922,470.30
US Bank First American Treas
32,740.64. * 14 1 010:01,
-
(13,956:79)
32,793:86
JP Morgan US Govern MM
122,866:26 155:85
160,596.50
(106,006.09)
177;612:52
Wells Fargo Govern MM
9.14 -
-
-
9.14
Union Bank Blackrock
30:70 1.36-
18,392.61
(18,395.4.1,).
29.26
Subtotal
42;974,026.70 118;460:90
178;989.11
(138,561.63)
43,132,915.08
Checking Accounts:
General Operating
(985,378.01) 18,012
1;221,957.07
(17,360,500.87)
888,731.54
Payroll'
25,189.24
3;562;965:00:
(3,567,524'.37)
20,579.87
Mast
3Y,769:65 185,23249
(206
(4,118.22)
6,884.42
Thomas Lee
483.48 -.
-
(400.00)
83.48
Police Trust
2,921.99• 0.73 _
-
-
2,922.72
Subtotal
(9251063.0) 18
4,578,922':07
(20,932,543.46)
919,202.03
v otal "Cash and Investments $' - 9,8;901;072:29' $ 18;600 ,$ _ , ., . $ (2
^ includes gain /loss on maturity /disposal
" accrual basis
0
CITY OF PETALUMA, CA
CITY TREASURER'S QUARTERLYREPORT
For the quarter endingtNl "arch, 2004
Reconciliation of Cash Disbursements:
Accounts. Payable Cash Disbursements January, 2004
Accounts Payable-Cash Disbursements. February, 2004,
Accounts Payable�'Cash Disbursements March; 2004
Accounts Payable Cash Disbursements after M06,31, 1004
Prior Quarter's Cash. Di' sbu_rsenients- .Recorded in current quarter
Voided Accounts Payable Checks
Check Written, to Trustee- Recorded as transfer on page two
Payment,made by Trustees. on Debti lssues /Refunding/ /Cost of Issuance.
Payroll Cash Disbursements January, 2004,
Payroll Cash Disbursements February, 2004
Payroll Cash Disbursements March, 2004
Payroll Cash:, Disbursements after March, 31, 2004
Prior Quarter's • Payroll.. Disbursements - ;Recorded in.current quart er
Voided Paryroll ,Checks
Credit' Card' Fees
B ank/CA MP Fees Net;;
Trustee Fees
Police.Trust;Cash Disbursements
Thomas Lee Chanty Cash Disbursements
7
6,404
4,520,96144
1
(2,189;301.74)
(:178,989.1 1)
] 37;204,.29
1,21530362
l,,l'73,538.43'
1„ 1'74,718'.52
4,1'60:89
(197:07)
9,569.30
f2 ,821,.88
1,357,34
400:00 1
Comparison of CurrentL Investments to Prior Quarter and to Prior Year:
December, 2003
March,;2004
March, 2003.'
Cash. and Investments At the end of the quarter
$ 94518,217 $
96,421,293 ,$
81,682,423
Interest Received or from July 1'
$. 920,736 $
1,416,346 $
1,148,836
Estimated Average Interest.Rate
1.45%
1.64%
US °T -bill 91 dayYield
0.89%
0.93 %
1.1,8 0 /0
11
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7
Amount
Loan To -
Loan From
Purpose
ren rwu interest
Accrued Pay
ear o a n
e interest
Accrued Pa i
Repayment
Schedule
1,274,686
Nfarina,Fund
PCDC -Comm Develop Proj Area
Loan payments 5
21,045'
principal `not scheduled
t j 504 ; 000
PCDC- Central;Business District
P.CDC? Comm Develop Pro Area
Project Financ ng 19;934
5'1;436
as cash flow permits
2-10,000
Police Grant Fund
General Fund
CashsFlow
-
when grant revenue received
- .
6,988;686
-
Interfund loan interest calculation assumes that repayments are made -the first day of the,quarter and loans are made the lastdayof the quarter.