HomeMy WebLinkAboutResolution 2007-062 N.C.S. 04/16/2007 Resolution No. 2007-062 N.C.S.
of the City of Petaluma, California
RESOLUTION TO REVIEW AND FILE
T>FIE DECEMBER 31, 2006
QUARTERLY CITY TREASURER'S REPORT
W>FIEREAS, State Law requires that the City Council review the City's attached
Treasurer's Report on a quarterly basis for compliance with the adopted City Investment Policy.
NOW, TIIEREFORE, BE IT RESOLVED that the City Council has reviewed said
report and directs the City Clerk to file it.
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 Ap v as o
Council of the City of Petaluma at a Regular meeting on the 16`x' day of April, 2007,
by the following vote:
City Att ey
AYES: Barrett, Freitas, Vice Mayor Nau, O'Brien, Mayor Tor(iatt _
NOES: None
. f,`' _
ABSENT: Harris, Rabbitt _ =
ABSTAIN: None - _ -
ATTEST:
City Clerk Ma or -
Resolution No. 2007-062 N.C.S. Page 1
filename: s:Aaccountant\cindeAexcel\tr~2nd
CITY OF PETALUMA, CA
CITY TREASURER'S QUARTERLY REPORT
For the quarter ending December, 2006
Cash Activity for the Quarter:
Cash and Investments, beginning of the quarter $ 55,948,507
Cash Receipts 74,246,803
Cash. Disbursements (65,451,545)
Cash and Investments, end of the quarter $ 64,743,765
Cash and Investment Portfolio at December 31, 2006
Percent
Fair Par Value of Current
Value* (Cost) Portfolio Annual Yield
Investments Managed by City Treasurer:
AD 2000-2001 Bond 858,292 858,292 1.33% 6.00%
Local Agency Investment Fund 17,181,002 17,.190,505 26.55% 5..11%
CA Asset Management Prog 12,130,841 12,130,841 18.74% 5.20%
CAMP/Fed Agency/Core Securities 32,850,036 32,889,918 50.80% 4.79%
Wells Fargo Sweep Account (0) (0) 0.00% 4.31%
Subtotal 63,020,171 63,069,556 97.41%
Investments Managed by Trustees:
CA Asset Management Prog 1,887,067 1,887,067 2.91% 5.20%
Trustee Money Market Accounts 48,993 48,993 0.08% 4.68%
Subtotal 1,936,060 1,936,060 2.99%
Checking Accounts (261,851) (261,851) -0.40%
Total Cash and Investments $ 64,694,380 $ 64,743,765 100.00%
Cash =Sweep Account plus Checking Accounts (261,851)
Fair values were furnished by the State of California, Local Agency Investments and CAMP.
I certify that this report contains the total amounts of cash and investments at December 31, 2006.
The investments are in conformity with the Investment Policy as stated in Resolution Number 2004-020NCS, dated
January 24, 2005. 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.
* adjusted to FV quarterly
Steven Carmichael, Administrative Services Director