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HomeMy WebLinkAboutResolution 2023-019 N.C.S. 02/27/2023 DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C Resolution No. 2023-019 N.C.S. of the City of Petaluma, California REGARDING RECEIPT AND FILING OF THE CITY TREASURER'S QUARTERLY REPORT DATED SEPTEMBER 30, 2022 WHEREAS, the City of Petaluma Investment policy approved by the City Council pursuant to Resolution no. 2022-103 N.C.S. adopted June 6, 2022 requires the City Treasurer to provide a quarterly investment report to the City Council for compliance with the adopted City Investment Policy; and WHEREAS, the City Treasurer has provided for City Council review a quarterly Treasurer's report dated September 30, 2022; and WHEREAS, this action is exempt from the requirements of the California Environmental Quality Act (CEQA) in accordance with CEQA Guidelines Section 15378, as approving the City's investment policy does not meet CEQA's definition of a"project,"because the action does not have the potential for resulting in either a direct physical change in the environment or a reasonably foreseeable indirect physical change in the environment, it is a fiscal activity which does not involve commitment to any specific project,and because the action constitutes organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment. NOW, THEREFORE,BE IT RESOLVED by the City Council of the City of Petaluma as follows: 1. Declares the above recitals to be true and correct and are incorporated into this resolution as findings of the City Council. 2. The City Council has received and approves the City Treasurer's Quarterly Report dated September 30,2022, attached hereto as Exhibit A. 3. Finds that this action is exempt from the requirements of the California Environmental Quality Act (CEQA) in accordance with CEQA Guidelines Section 15378,as approving the City's investment policy does not meet CEQA's definition of a"project,"because the action does not have the potential for resulting in either a direct physical change in the environment or a reasonably foreseeable indirect physical change in the environment, it is a fiscal activity which does not involve commitment to any specific project, and because the action constitutes organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment. 4. The City Council directs the City Clerk to file the quarterly Treasurer's Report dated September 30, 2022 in the official City records. 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 Approved as to Council of the City of Petaluma at a Regular meeting on the 271 day of February oocusignedfgFtri: 2023,by the following vote: �Q, City Attorney Resolution No. 2023-019 N.C.S. Page 1 DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C AYES: Mayor McDonnell,Barnacle,Vice Mayor Cader Thompson,Healy,Nan,Pocekay, Shribbs NOES: None ABSENT: None ABSTAIN: None DocuSigned by: ned by: ATTEST: rDOCUSI7g � City Clerk Mayor Resolution No. 2023-019 N.C.S. Page 2 DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C Exhibit A City ot° Petaluma Quarterly Investment Report July I to September 30, 2022 �,. L ZT O � VLF x Ygr� S 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 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 September 30,2022. DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C CITY OF ]P'ETI ALUMA, CALIFORNIA CITY TREASURER'S QUARTERLY REPORT For the quarter ending September 30, 2022 Cash activity for the fiscal year: Cash and Investments,Beginning of the quarter, 7/1/22 $ 197,920,907 Cash Receipts 67,401,648 Cash Disbursements (68,058,212) Cash and Investments,End of the Quarter,9/30/22 $ 197,264,343 Cash and Investment Portfolio at September 30,2022 Percent Fair Market Par Value of Value* (Cost) Portfolio Investments Managed by City Treasurer: Local Agency Investment Funds (LAIF) 68,266,302 69,842,286 35.41% CAMP Pool (CA Asset Management Prog) 48,577,182 48,577,182 24.63% PFM Investments Securities ** 37,908,038 39,853,129 20.20% Checking Accounts 18,922,744 18,922,744 9.59% Subtotal 173,674,266 177,195,340 89.83% Investments Managed by Fiscal Agents: Trustee Money Market Accounts 20,069,003 20,069,003 10.17% Subtotal 20,069,003 20,069,003 10.17% Total Cash and Investments 193,743,269 197,264,343 100.00% I certify that this report contains the total amounts of cash and investments at September 30, 2022 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 report for the quarter ending September 30, 2022 2/8/23 Corey darWerolio, Finance Director Dated *Fair market values are furnished by the State of California, Local Agency Investment Fund and California Asset Management Program. ** See detail attached DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C CITY OF PETALUMA,CALIFORNIA CITY TREASURER'S QUARTERLY REPORT For the quarter ending September 30,2022 Beginning End of Investments/Financial Institute of Quarter Increase" Decrease Quarter Investments Managed by Ciq,Treasurer: LAW 69,475,371.58 130,072.44 69,605,444.02 LAIF accrued interest 130,072.44 236,841.74 (130,072.44) 236,841.74 Sub-Total LAIF 69,605,444.02 366,914.18 (130,072.44) 69,842,285.76 CAMP Pool-Treasurer's Investment Money Market 48,712,482.86 4,502,410.16 (4,637,710.85) 48,577,182,17 Sub-Total CAMP Pool Managed Account 48,712,482.86 4,502,410.16 (4,637,710.85) 48,577,182.17 Federal Agency Bonds/Discount Notes 9,821,403.45 3,149,421.67 (3,476,948.33) 9,493,876.79 Fed Agency accrued interest 9,397.26 28,632.43 (21,547.75) 16,481.94 US Treasury Bonds/Notes 29,605,650.43 1,099,054.69 (424,717.77) 30,279,987.35 US Treasury accrued interest 37,363.76 55,497.06 (30,078.13) 62,782.69 Sub-Total PFM Securities Managed Account** 39,473,814.90 4,332,605.85 (3,953,291.98) 39,853,128.77 Subtotal 157,791,741.78 9,2019930.19 (8,721,075.27) 158,272,596.70 Checking Accounts: Exchange-General Operating 18,254,316.58 49,763,804.17 (51,730,153.41) 16,287,967.34 Exchange-Payroll 1,759,943.06 8,400,000.00 (7,606,983.34) 2,552,959.72 Exchange-Savings - _ _ - Thomas Lee Charity Trust 1,277.38 - 1,277.38 Police Trust 80,524.00 15.08 - 80,539.08 Sub-Total Checking Accounts 20,096,061.02 58,163,819.25 (59,337,136.75) 18,922,743.52 Total Cash and Investments Managed by the City Treasurer 177,887,802.80 67,365,749.44 (68,058,212.02) 177,195,340.22 Investments Managed Gp Trustees Fiscal Agents: Bank of New York 20,025,083.76 35,878.42 20,060,962.18 US Bank First American Treas 8,020.39 20.38 - 8,040.77 Sub-Total Trustees Money Market Account 20,033,104.15 35,898.80 - 20,069,002.95 Total Cash and Investments Managed by Fiscal Agents 20,033,104.15 35,898.80 - 20,069,002.95 TOTAL CASH AND INVESTMENTS 197,920,906.95 67,401,648.24 (68,058,212.02) 197,264,343.17 t�See detail attached Accrued interest (316,106.37) General Ledger 196,948,236,80 DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C City of Petaluma, California Cash/Investment by Type - September 30, 2022 Total Cash/:nvestments S 1979264,343 Cash 18,922,744 9.59% LAW 69,842,286 35.41% CA Pool Asset Mgmt Prog 48,577,182 24.63% CAMP Investments 39,853,129 Fiscal Agents 20.20% 20,069,003 10.17% DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C CITY OF PETALUMA,CALIFORNIA CITY TREASURER'S QUARTERLY REPORT For the quarter ending September 30,2022 Cost vs.Fair Market Value Unrealized Cost FV Gain/(Loss) US Treasury Bond/Note 30,279,987.35 28,698,509.65 (1,581,477.70) Federal Agency Bond/Discount Note 9,493,876.79 9,209,528.21 (284,348.58) Corporate Note - - Certificate of Deposit - - Sub-Total PFM Treasurer's Invest.Securities 39,773,864.14 37,908,037.86 (1,865,826.28) CAMP Pool Money Market Fund 48,577,182.17 48,577,182.17 Sub-Total CAMP Treasurer's Investments 88,351,046.31 86,485,220.03 (1,865,826.28) Accrued Interest 79,264.63 CAMP Total Investment Managed Securities Held** 86,564,484.66 LAIF 69,605,444.02 68,266,302.24 (1,339,141.78) LAW amortized cost rate 0.98076096200 **See detail attached DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C City of Petaluma Performance Summaries Returns as of BAML 1-3 Year Treasury September 30, 2022 City of Petaluma Index Past Quarter -1.36% -1.56% Past 6 Months -1.79% -2.06% Past Year -4.50% 4.86% Past 3 Years -0.30% -0.48% Past 5 Years 0.71% 0.57% Yield to Maturity 1.11% - Notes: 1. ICE Bank of America Merrill Lynch(BAML) Indices provided by Bloomberg Financial Markets. 2. CAMP Cash Reserve Pool holdings excluded from performance and yield calculations. 3. Performance numbers for periods greater than one year are presented on an annualized basis. 4. Yield for the City is calculated as the average of the quarter's tlu•ee-month end Yield to Maturity at Cost. DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C 11/16/22,5:18 PM Untitled Page - c BETTY T. YEE California State Controller LOCAL AGENCY INVESTMENT FUND REMITTANCE ADVICE Agency Name PETALUMA Account Number 98-49-650 As of 10/14/2022,your Local Agency Investment Fund account has been directly credited with the interest earned on your deposits for the quarter ending 09/30/2022. Earnings Ratio .00003699565555327 Interest Rate 1.35% Dollar Day Total $ 6,401,879,835.68 Quarter End Principal Balance $ 69,605,444.02 Quarterly Interest Earned $ 236,841.74 https://Iaif.sco.ca.gov/Result.aspx 1/1 DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C State of California 9a Pooled Money Investment Account Market Valuation 9/30/2022 Carrying Cost Plus Description Accrued Interest Purch. Amortized Cost Fair Value Accrued Interest United States Treasury: Bills $ 46,457,160,163.94 $ 46,657,126,553.35 $ 46,514,062,000.00 NA Notes $ 101,947,915,596.75 $ 101,931,736,332.18 $ 98,369,732,500.00 $ 237,324,054.50 Federal Agency. SBA $ 334,748,643.50 $ 334,663,003.17 $ 335,043,755.16 $ 569,406.02 MBS-REMICs $ 3,916,682.58 $ 3,916,682.58 $ 3,897,852.17 $ 17,633.20 Debentures $ 8,593,591,055.03 $ 8,592,721,013.39 $ 8,353,930,850.00 $ 19,156,465.50 Debentures FIR $ - $ - $ _ $ _ Debentures CL $ 2,650,000,000.00 $ 2,650,000,000.00 $ 2,574,109,000.00 $ 18,005,248.00 Discount Notes $ 30,277,339,791.63 $ 30,410,365,854.03 $ 30,310,774,000.00 NA Supranational Debentures $ 2,229,190,558.99 $ 2,229,010,003.43 $ 2,133,180,400.00 $ 7,597,861.50 Supranational Debentures FIR $ - $ - $ - $ _ CDs and YCDs FIR $ - $ - $ _ $ _ Bank Notes $ 100,000,000.00 $ 100,000,000.00 $ 99,780,349.59 $ 775,000.00 CDs and YCDs $ 14,260,000,000.00 $ 14,260,000,000.00 $ 14,229,806,876.24 $ 76,472,855.58 Commercial Paper $ 10,239,348,756.91 $ 10,295,023,243.07 $ 10,275,778,388.91 NA Corporate: Bonds FIR $ - $ - $ _ $ _ Bonds $ 481,185,800.06 $ 481,129,063.95 $ 451,006,190.00 $ 2,646,445.75 Repurchase Agreements $ - $ - $ - $ _ Reverse Repurchase $ - $ - $ _ $ _ Time Deposits $ 4,909,000,000.00 $ 4,909,000,000.00 $ 4,909,000,000.00 NA PMIA& GF Loans $ 367,981,000.00 $ 367,981,000.00 $ 367,981,000.00 NA TOTAL $ 222,851,378,049.39 $ 223,222,672,749.15 $ 218,928,083,162.07 $ 362,564,970.05 Fair Value Including Accrued Interest $ 219,290,648,132.12 Repurchase Agreements, Time Deposits, PMIA&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(0.980760962). 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$19,615,219.23 or$20,000,000.00 x 0.980760962. DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C Account Statement For the Month Ending September 30, 2022 City of Petaluma - TREASURER'S INVESTMENTS - 531-00 Trade Settlement Share or Dollar Amount Total Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool 09/26/22 09/26/22 Purchase-Principal 3136AEGQ4 1.00 5,708.12 48,458,200.42 09/26/22 09/26/22 Purchase-Principal 3136ACG14 1.00 12,392.83 48,470,593.25 09/26/22 09/26/22 Purchase-Principal 3136A9MN5 1.00 1,258.71 48,471,851.96 09/26/22 09/26/22 Redemption -Reversal of Principal 3137F9ZD6 from 09/25/2022 1.00 (267.17) 48,471,584.79 09/30/22 09/30/22 Purchase-Interest 91282CDA6 1.00 1,562.50 48,473,147.29 09/30/22 10/03/22 Accrual Income Div Reinvestment-Distributions 1.00 104,034.88 48,577,182.17 Closing Balance 48,577,182.17 Month of Fiscal YTD September January-September Opening Balance 48,528,259.43 40,092,471.04 Closing Balance 48,577,182.17 Purchases 1,036,205.72 22,492,454.50 Average Monthly Balance 48,432,710.68 Redemptions(Excl.Checks) (987,282.98) (14,007,743.37) Monthly Distribution Yield 2.61% Check Disbursements 0.00 0.00 Closing Balance 48,577,182.17 48,577,182.17 Cash Dividends and Income 104,034.88 364,585.20 PFM Asset Management LLC Account 531-00 Page 21 DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C Managed Account Detail of Securities Held For the Month Ending September 30, 2022 City of Petaluma - TREASURER'S INVESTMENTS - 531-00 - (12511505) Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value U.S.Treasury Bond/ Note US TREASURY NOTES 91282CAF8 2,000,000.00 AA+ Aaa 02/17/21 02/17/21 1,998,515.63 0.15 319.29 1,999,480.72 1,929,375.00 DTD 08/15/2020 0.125%08/15/2023 US TREASURY NOTES 91282CDA6 1,250,000.00 AA+ Aaa 10/01/21 10/06/21 1,249,316.41 0.28 8.59 1,249,656.32 1,200,390.63 DTD 09/30/2021 0.250%09/30/2023 US TREASURY N/13 NOTES 91282CDDO 1,850,000.00 AA+ Aaa 11/01/21 11/03/21 1,844,652.34 0.52 2,903.19 1,847,094.46 1,773,109.38 DTD 10/31/2021 0.375%10/31/2023 US TREASURY NOTES 91282CAW1 525,000.00 AA+ Aaa 12/01/20 12/03/20 525,492.19 0.22 495.75 525,187.37 501,703.13 DTD 11/15/2020 0.250%11/15/2023 US TREASURY N/13 NOTES 91282CDMO 750,000.00 AA+ Aaa 12/03/21 12/03/21 748,066.41 0.63 1,260.25 748,869.63 717,656.25 DTD 11/30/2021 0.500%11/30/2023 US TREASURY NOTES 91282CBA8 503,000.00 AA+ Aaa 04/29/21 04/30/21 501,035.16 0.27 185.53 502,098.51 478,400.18 DTD 12/15/2020 0.125%12/15/2023 US TREASURY NOTES 91282CBA8 1,100,000.00 AA+ Aaa 01/06/21 01/07/21 1,097,378.91 0.21 405.74 1,098,924.18 1,046,203.18 DTD 12/15/2020 0.125%12/15/2023 US TREASURY NOTES 91282CBEO 2,000,000,00 AA+ Aaa 02/02/21 02/03/21 1,996,796.88 0.18 529.89 1,998,597.89 1,895,312.40 DTD 01/15/2021 0.125%01/15/2024 US TREASURY NOTES 91282CBM2 600,000.00 AA+ Aaa 03/05/21 03/05/21 596,742.19 0.31 95.79 598,481.50 566,531.28 DTD 02/15/2021 0.125%02/15/2024 US TREASURY NOTES 912828X70 1,025,000.00 AA+ Aaa 04/01/21 04/05/21 1,075,889.65 0.37 8,578.80 1,051,193.87 988,324.27 DTD 05/01/2017 2.000%04/30/2024 US TREASURY N/B NOTES 91282CCG4 1,100,000.00 AA+ Aaa 07/01/21 07/07/21 1,092,867.19 0.47 811.48 1,095,862.44 1,027,125.00 DTD 06/15/2021 0.250%06/15/2024 US TREASURY N/13 NOTES 91282CCL3 600,000.00 AA+ Aaa 08/04/21 08/06/21 600,703.13 0.33 476.90 600,427.51 560,062.50 DTD 07/15/2021 0.375%07/15/2024 US TREASURY N/B NOTES 91282CCL3 925,000.00 AA+ Aaa 08/09/21 08/10/21 924,458.01 0.40 735.23 924,669.23 863,429.69 DTD 07/15/2021 0.375%07/15/2024 US TREASURY N/B NOTES 91282CCT6 1,500,000.00 AA+ Aaa 09/01/21 09/03/21 1,498,359.38 0.41 718.41 1,498,958.05 1,395,000.00 DTD 08/15/2021 0.375%08/15/2024 PFMI Asset Management LLC Account 531-00 Page 5 DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C 3 Managed Account Detail of Securities Held For the Month Ending September 30, 2022 City of Petaluma - TREASURER'S INVESTMENTS - 531-00 - (12511505) Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value U.S.Treasury Bond/ Note US TREASURY N/13 NOTES 91282CCX7 350,000.00 AA+ Aaa 09/23/21 09/24/21 348,578.13 0.51 58.01 349,064.73 324,515.63 DTD 09/15/20210.375%09/15/2024 US TREASURY N/B NOTES 91282CCX7 1,000,000.00 AA+ Aaa 10/01/21 10/06/21 995,937.50 0.51 165.75 997,297.97 927,187.50 DTD 09/15/2021 0.375%09/15/2024 US TREASURY NOTES 912828YM6 1,000,000.00 AA+ Aaa 05/04/21 05/06/21 1,036,523.44 0.44 6,277.17 1,021,816.59 945,312.50 DTD 10/31/2019 1.500%10/31/2024 US TREASURY N/13 NOTES 91282CDH1 925,000.00 AA+ Aaa 12/01/21 12/03/21 921,639.65 0.88 2,620.41 922,581.05 859,238.24 DTD 11/15/2021 0.750%11/15/2024 US TREASURY NOTES 912828YV6 1,500,000.00 AA+ Aaa 06/02/21 06/07/21 1,555,664.06 0.42 7,561.48 1,534,614.99 1,414,453.20 DTD 11/30/2019 1.500%11/30/2024 US TREASURY N/13 NOTES 91282CDN8 850,000.00 AA+ Aaa 01/03/22 01/05/22 849,169.92 1.03 2,508.20 849,377.63 791,828.13 DTD 12/15/2021 1.000%12/15/2024 US TREASURY N/13 NOTES 91282CDS7 1,000,000.00 AA+ Aaa 02/01/22 02/03/22 992,343.75 1.39 2,384.51 994,049.88 931,250.00 DTD 01/15/2022 1.125%01/15/2025 US TREASURY N/B NOTES 91282CDZ1 575,000.00 AA+ Aaa 03/03/22 03/04/22 572,169.92 1.67 1,101.56 572,723.35 538,882.81 DTD 02/15/2022 1.500%02/15/2025 US TREASURY N/B NOTES 91282CDZ1 1,000,000.00 AA+ Aaa 02/10/22 02/15/22 991,757.81 1.78 1,915.76 993,472.43 937,187.50 DTD 02/15/2022 1.500%02/15/2025 US TREASURY NOTES 912828ZL7 1,000,000.00 AA+ Aaa 04/01/22 04/05/22 933,398.44 2.65 1,569.29 944,033.30 905,625.00 DTD 04/30/2020 0.375%04/30/2025 US TREASURY NOTES 912828ZL7 1,500,000.00 AA+ Aaa 05/02/22 05/04/22 1,390,781.25 2.94 2,353.94 1,405,783.83 1,358,437.50 DTD 04/30/2020 0.375%04/30/2025 US TREASURY N/B NOTES 91282CEU1 1,000,000.00 AA+ Aaa 06/09/22 06/15/22 996,445.31 3.00 8,483.61 996,795.59 964,375.00 DTD 06/15/2022 2.875%06/15/2025 US TREASURY NOTES 912828ZW3 2,000,000.00 AA+ Aaa 06/01/22 06/03/22 1,846,250.00 2.88 1,263.59 1,862,679.21 1,794,375.00 DTD 06/30/2020 0.250%06/30/2025 US TREASURY N/13 NOTES 91282CEY3 1,100,000.00 AA+ Aaa 08/02/22 08/03/22 1,099,054.69 3.03 6,994.57 1,099,106.48 1,063,218.75 DTD 07/15/2022 3.000%07/15/2025 PFM Asset Management LLC Account 531-00 Page 6 DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75EO43FBBE7C -� Managed Account Detail of Securities Held For the Month Ending September 30, 2022 City of Petaluma - TREASURER'S INVESTMENTS - 531-00 - (12511505) Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Security Type Sub-Total 30,528,000.00 30,279,987.35 1.04 62,782.69 30,282,898.71 28,698,509.65 Federal Agency Commercial Mortgage-Backed Security FANNIEMAE-ACES 3136ACGJ4 23,213.25 AA+ Aaa 06/24/19 06/27/19 23,499.79 2.13 48.53 23,220.51 23,213.25 DTD 02/01/2013 2.509%11/01/2022 FHLMC MULTIFAMILY STRUCTURED P 313713113SO 171,253.94 AA+ Aaa 06/12/19 06/17/19 172,759.10 2.24 358.21 171,291.78 170,662.56 DTD,05/01/2013 2.510%11/01/2022 FNA 2013-M7 A2 3136AEGO4 16,429.27 AA+ Aaa 09/11/19 09/16/19 16,531.64 2.08 31.22 16,434.60 16,429.27 DTD 05/01/2013 2.280%12/01/2022 FNA 2013-M7 A2 3136AEGO4 21,484.42 AA+ Aaa 09/04/19 09/09/19 21,765.90 1.86 40.82 21,498.98 21,484.42 DTD 05/01/2013 2.280%12/01/2022 FHMS KP05 A 3137FKK39 3,350.98 AA+ Aaa 12/07/18 12/17/18 3,350.97 3.20 8.94 3,350.98 3,303.93 DTD 12/01/2018 3.203%07/01/2023 FHMS K038 Al 3137BBBC3 6,781.98 AA+ Aaa 11/20/18 11/26/18 6,685.56 2.92 14.72 6,762.10 6,750.42 DTD 06/01/2014 2.604%10/01/2023 FHMS K724 A2 3137BTU25 116,274.91 AA+ Aaa 03/03/20 03/06/20 122,638.23 1.52 296.70 118,162.46 114,895.67 DTD 01/01/2017 3.062%11/01/2023 FHMS K724 A2 3137BTU25 116,274.91 AA+ Aaa 01/28/21 02/02/21 124,132.55 0.58 296.70 119,380.32 114,895.67 DTD 01/01/2017 3.062%11/01/2023 FHMS KJ27 Al 3137FO3V3 1,154.24 AA+ Aaa 11/20/19 11/26/19 1,154.21 2.09 2.01 1,154.23 1,154.24 DTD 11/01/2019 2.092%07/01/2024 FHMS K039 A2 3137BDCW4 325,000.00 AA+ Aaa 08/31/22 09/06/22 322,092.77 3.81 894.56 322,202.23 319,055.86 DTD 09/01/2014 3.303%07/01/2024 FHLMC MULTIFAMILY STRUCTURED POOL 3137FBTA4 367,053.03 AA+ Aaa 05/25/22 05/31/22 367,540.53 3.00 937.21 367,464.92 359,557.19 DTD 11/01/2017 3.064%08/01/2024 FHMS KJ30 Al 3137FUZN7 15,759.65 AA+ Aaa 07/23/20 07/30/20 15,759.34 0.53 6.91 15,759.49 15,585.26 DTD 07/01/2020 0.526%01/01/2025 FHMS K045 A2 3137BHXJ1 321,038.23 AA+ Aaa 07/13/22 07/18/22 317,175.74 3.54 808.75 317,498.33 310,748.58 DTD OS/01/2015 3.023%01/01/2025 FHMS K046 A2 3137B3P64 350,000.00 AA+ Aaa 08/03/22 08/08/22 347,388.67 3.51 934.79 347,388.67 339,332.50 DTD 06/17/2015 3.205%03/01/2025 PFM Asset Management LLC Account 531-00 Page 7 DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C Managed Account Detail of Securities Held For the Month Ending September 30, 2022 City of Petaluma - TREASURER'S INVESTMENTS - 531-00 - (12511505) Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Federal Agency Commercial Mortgage-Backed Security FHMS K047 A2 3137BKR31 375,000.00 AA+ Aaa 05/19/22 05/24/22 377,402.34 3.10 1,040.31 377,402.34 364,181.27 DTD 07/30/2015 3.329%05/01/2025 FHMS K132 Al 3137F72U8 37,047.52 AA+ Aaa 11/18/20 11/30/20 37,047.36 0.52 15.93 37,047.43 35,243.08 DTD 11/01/2020 0,516%06/01/2025 FHMS KJ33 Al 3137F9ZD6 300.15 AA+ Aaa 02/17/21 02/26/21 300.14 0.44 0.11 300.14 300.15 DTD 02/01/2021 0.440%12/01/2025 FHMS K053 A2 3137BN6G4 375,000.00 AA+ Aaa 08/04/22 08/09/22 370,678.71 3.36 935.94 370,678.71 358,308.00 DTD 03/29/2016 2.995%12/01/2025 FNA 2016-M3 A2 3136ARTE8 336,938.71 AA+ Aaa 08/31/22 09/06/22 325,527.54 3.76 758.67 325,527.54 318,337.00 DTD 03/31/2016 2.702%02/01/2026 Security Type Sub-Total 2,979,355.18 2,973,431.09 3.08 7,431.03 2,962,525.76 2,893,438.32 Federal Agency Collateralized Mortgage Obligation FHLMC MULTIFAMILY STRUCTURED P 3137BEVH4 325,000.00 AA+ Aaa 08/31/22 09/06/22 321,470.70 3.81 877.77 321,592.23 318,020.71 DTD 11/01/2014 3.241%09/01/2024 Security Type Sub-Total 325,000.00 321,470.70 3.81 877.77 321,592.23 318,020.71 Federal Agency Bond/ Note FANNIE MAE NOTES 3135GO403 325,000.00 AA+ Aaa 06/02/20 06/03/20 324,431.25 0.31 291.15 324,877.64 317,299.12 DTD 05/22/2020 0.250%05/22/2023 FANNIE MAE NOTES 3135GO403 425,000.00 AA+ Aaa 05/20/20 05/22/20 423,720.75 0.35 380.73 424,727.79 414,929.63 DTD 05/22/2020 0.250%05/22/2023 FREDDIE MAC NOTES 3137EAES4 375,000.00 AA+ Aaa 06/24/20 06/26/20 373,905.00 0.35 247.40 374,732.00 364,579.50 DTD 06/26/2020 0.250%06/26/2023 FANNIE MAE NOTES 3135G05G4 225,000.00 AA+ Aaa 10/07/20 10/08/20 224,919.00 0.26 126.56 224,977.27 218,436.53 DTD 07/10/2020 0.250%07/10/2023 FANNIE MAE NOTES 3135G05G4 270,000.00 AA+ Aaa 10/02/20 10/06/20 270,140.40 0.23 151.88 270,039.32 262,123.83 DTD 07/10/2020 0.250%07/10/2023 PFM Asset Management LLC Account 531-00 Page 8 DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C C ,I Managed Account Detail of Securities Held For the Month Ending September 30, 2022 . ..... ....... ..-....._. ............ City of Petaluma - TREASURER'S INVESTMENTS - 531-00 - (12511505) Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Federal Agency Bond I Note FANNIE MAE NOTES(CALLABLE) 3135G05R0 425,000.00 AA+ Aaa 08/11/20 08/12/20 424,235.00 0.36 180.63 424,780.93 411,130.13 DTD 08/10/2020 0.300%08/10/2023 FREDDIE MAC NOTES 3137EAEV7 490,000.00 AA+ Aaa 08/19/20 08/21/20 489,500.20 0.28 125.90 489,851.15 473,229.75 DTD 08/21/2020 0.250%08/24/2023 FREDDIE MAC NOTES 3137EAEW5 200,000.00 AA+ Aaa 10/07/20 10/08/20 199,936.00 0.26 31.94 199,979.45 192,774.60 DTD 09/04/2020 0.250%09/08/2023 FREDDIE MAC NOTES 3137EAEW5 215,000.00 AA+ Aaa 09/02/20 09/04/20 215,039.26 0.24 34.34 215,012.22 207,232.70 DTD 09/04/2020 0.250%09/08/2023 FREDDIE MAC NOTES 3137EAEW5 335,000.00 AA+ Aaa 09/02/20 09/04/20 334,889.45 0.26 53.51 334,965.60 322,897.45 DTD 09/04/2020 0.250%09/08/2023 FREDDIE MAC NOTES 3137EAEW5 500,000.00 AA+ Aaa 10/02/20 10/06/20 500,330.00 0.23 79.86 500,105.77 481,936.50 DTD 09/04/2020 0.250%09/08/2023 FANNIE MAE NOTES 3135G06H1 485,000.00 AA+ Aaa 11/23/20 11/25/20 484,447.10 0.29 417.64 484,787.31 463,236.11 DTD 11/25/2020 0.250%11/27/2023 FREDDIE MAC NOTES 3137EAFA2 450,000.00 AA+ Aaa 12/02/20 12/04/20 449,554.50 0.28 365.63 449,825.46 429,157.35 DTD 12/04/2020 0.250%12/04/2023 FFCB NOTES 3133EMRZ7 340,000.00 AA+ Aaa 02/22/21 02/26/21 339,877.60 0.26 82.64 339,942.66 321,232.68 DTD 02/26/2021 0.250%02/26/2024 FEDERAL HOME LOAN BANK NOTES 3130AP081 600,000.00 AA+ Aaa 08/05/22 08/09/22 569,049.49 3.40 2,383.33 571,045.08 559,776.00 (CALLABLE) DTD 11/08/2021 1.000%11/08/2024 FREDDIE MAC NOTES(CALLABLE) 3134GXM35 575,000.00 AA+ Aaa 07/29/22 08/05/22 575,000.00 3.60 3,220.00 575,000.00 558,097.30 DTD 08/05/2022 3.600%08/01/2025 Security Type Sub-Total 6,235,000.00 6,198,975.00 0.89 8,173.14 6,204,649.65 5,998,069.18 Managed Account Sub-Total 40,067,355.18 39,773,864.14 1.19 79,264.63 39,771,666.35 37,908,037.86 Joint Powers Authority CAMP Pool 48,577,182.17 AAAm NR 48,577,182.17 0.00 48,577.182.17 48,577,182.17 PFM Asset Management LLC Account 531-00 Page 9 DocuSign Envelope ID:039194B4-AA25-4B6F-A8F7-75E043FBBE7C ,r Managed Account Detail of Securities Held For the Month Ending September 30, 2022 City of Petaluma - TREASURER'S INVESTMENTS - 531-00 - (12511505) Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Liquid Sub-Total 48,577,182.17 48,577,182.17 0.00 48,577,182.17 48,577,182.17 Securities Sub-Total $88,644,537.35 $88,351,046.31 1.19% $79,264.63 $88,348,848.52 $86,485,220.03 Accrued Interest $79,264.63 Total Investments $86,564,484.66 PFM Asset Management LLC Account 531-00 Page 10