HomeMy WebLinkAboutStaff Report 3.D 9/10/2012 Ag-eda'Itewv#3 .P
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rage
DATE: September 10,2012
TO: Honorable Mayor..and Members of the City Council through City Manager
FROM: William Mushallo, Finance Director/City Treasurer
SUBJECT: Resolution to Receive and File the City Treasurer's Reports for the Periods
Ending March 31, 2012 and June 30, 2012
RECOMMENDATION
It is recommended that the City Council adopt the attached Resolution to Receive and File the
City Treasurer's Reports dated March 31, 2012 and June 30,2012.
BACKGROUND
Pursuant to the City's Investment Policy and Government Code, the City Council annually
1 delegates authority to the City Treasurer to invest or reinvest City funds. The City Council
I approved the City of Petaluma Investment Policy on June. 18, 2012 which delegated investment
authority to the City Treasurer for the Fiscal Year 201'•1-2012. 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. These are the third and fourth
quarterly reports for the Fiscal Year 201.1-2012.
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 quarterly Treasurer's Reports contain information on the City's cash
activity and ending balances in all City accounts. The report:
• Summarizes total beginning balances of all cash and investments, and total quarterly
activity and ending'balances'
Agenda-Review:- •
City Attorney _ _ _ Finance Dire, or -ity Manager
I
• 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 is the Merrill Lynch 1-3 year.US Treasury index as provided by
Bloomberg Financial Markets. The City's annualized returns outperformed this index by over 1/2
of 1 percent during the two quarters reported here.
FINANCIAL IMPACTS
The balance of cash and investments asof March 31, 2012 was$116.1 million. This is up$12.9
million from the balance at the end of December. The increase is due mainly to the receipt of the
final State Revolving Loan draw payment during the quartet. Total net interest earned during the
quarter ending March 31 was$155,503.
The balance of cash and investments as•of June 30, 2012 was'$114.8 million. This amount was
down slightly from the balance at the end of the prior quarter. The City received a total of
$153,464 in net interest during the quarter.
The required action is to receive and file the Treasurer's Reports.
ATTACHMENTS
1. Resolution to Receive and File the City Treasurer's Reports dated March 31, 2012 and
June 30, 2012.
2. City Treasurer's Reports Dated March 31, 2012 and June 30, 2012.
2
ATTACHMENT I
RESOLUTION TO RECEIVE AND FILE THE CITY TREASURER'S REPORTS DATED
MARCH 31,2012 AND JUNE 30, 2012
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 reports
dated March 31, 2012 and June 30;2012 and directs the City Clerk to file them.
3
City of Petaluma
Quarterly Investment Report
January 1 , 201.2 to March 31 , 2012
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This report-is presented in accordance with-the.City's investment policy and,the California
Government=Code. The policy and Government Code requires the Treasurerto 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 (LATE) 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 now.
We respectfully submit the quarterly investment report for the quarter ending March 31,2012
4
CITY OF PETALUMA,CALIFORNIA
CITY TREASURER'S QUARTERLY REPORT
For the quarter ending'March 31, 2012
Cash activity for the fiscal year:
Cash and Investments, Beginning of the quarter; 01/01/2012 $ 103,238,575
Cash Receipts 57,679,621
Cash Disbursements (44,846,359)
Cash and Investments, End of the Quarter, 03/31/2012 S 116,071,837
Cash and Investment Portfolio-at March 31, 2012
Percent
Fair Market Par Value of
Value* (Cost) Portfolio
Investments Managed by City Treasurer:
Assessment Districts Bonds 651,480 651,480 0.56%
Local Agency Investment Funds (LAW) 49,757,872 49,742,601 42.86%
CAMP Pool (CA Asset ManagenientProg) 10,284,811 10,284,811 8.86%
PFM Investments Securities ** 24,055,956 24,134,237 20.79%
Certificate of Deposits 1,250,000 1,250,000 1.08%
Checking Accounts 2,051,993 2,051,993 1.77%
Subtotal .88,052,114 88,115,1.24 75.91%
Investments Managed by Fiscal Agents:
CAMP Debt Issue Accounts 14.543,840 14,543,840 12.53%
Trustee Money Market Accounts 13,412,874 13,412;874 11.56%
Subtotal :27,956;714 27,956;714 24.09%
Total Cash and Investments 116,008,827 116,011,837 100.00%
I certify that this report contains the total amounts of cash and investments at March 31, 2012
The investments are in conformih;tvith:the tntestment 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 March 31, 2012
William Mushallo, Finance Director
*Fair market values are furnished by the State of California, Local Agency Investment Fund and California Asset
Management Program.
** See detail attached
•
CITY OF PETA LUMA,CAL1FORNTA
CITY TREASURER'S QUARTERLY REPORT
For the quarter ending March 31,2012
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Iurernnenrs,Managed by City Treasurer:
Assessment District Bond(AD) 2000-01 651,480.27 _ _ 651,480.271-
Sub-Total Assessment Districts Bond (AD)Accounts 651,48027 - - 681;48021
LAD 43663,492.02 6,034,200.94 (10.85) 49697.682.11
LAB%accrued interest 34,200.94 44,919.31 (34,20094) 44,91931
Suh-Total I.AIP 43,697,692,96 6,079,120.25 (34,211.79) 49,742,601.42
CAMP Pool-T'reasurer's Investment Money Mnlhet 3,374,353'.30 11,617,049.78 (4.706.591.92) 10,284,811.16
' Sub-Total CAMP Pool\Dinaged Account 3,374,353.30 11,617,049.78 (4,706,591 92) 10,284.811.16
Federal Agency(3endsiDiscomx Notes 12,154,571 31 - (3,851,697 87) 14.302,873 44
Fed Agency accrued interest 61,391.18 45,83840 (39,308 36) 67,921.22
US Treasury'Bonds:Notes 5637904.30 4,692.151.95 (834,804.30) 8,495,551 95
US Treasury accrued into'col 9,753 43 63,554 69 (60,438.14) 12,969.98
Corporate Notes 1,249,18750 - - 1 249,187.50
Corporate Noses accrued interest - 46,770.83 10,93750 (21,875.001 5,833.33
Sub-Total PFMT Securities Managed Account** 24,129578.55 ':421278254 (4,808,123.67) 24,134,237.42
Subtotal 71,853,105.08. 22,5118,952.57 (9,548,927.38) 84,813,130.27
Certificate of Deposits:
Circle Bank 1,250.478.12 316 30 (794.42) 1,250,000.00
Sub-Total Certificate of Deposits 1,250,478.12 316.30 (794.42) 1,250,000.00
Checking Accounts:
Exchange-General Operating 2,163,82128 30,445,737.10 (30,667756-14) 1,941,80274
Eschanee-Payroll 2,464.93 4,506.434.65 (4,506,432.47) 2,467.11
Thomas Lee Charity Trust 2,067 38 2,06138
Police Trust 18,163:29 - 89,49442 (2,006.60) 105,656.11
Sub-Total Checking Accounts 2,18G 517.38 35,041,671.17 (35,176.195.21) 2,051,993.34
Total Cash and Investments Managed by the City Treasurer 75,290,100.58 57,550,940.04 (44,725,917.01) 88,115,123.61
(nvenmenls,Managed by TrusteesFis'cal Agents:
CAMP-AD 25.24,25 Accounts Money Market 426,617 31 254.64 426,866 95
CAMP-2001t3 Water.Res,2003 COP,2007 TAB,2011 TAB 14.109,84135 8,42193 (290.49) 14,116,97279
Sub-Totat CAMP-Debt l tout Accounts" ' 14,5355,453.66 8,676.57 (29049) 14,543,839.74
Bank'ofNewYork 2,246,500.00 - - 2,24650000
Union BO AA Blackioek 801.74 . - 801)74
US Bank First'.Anierican Trcas 11,165,719 57 120,005.33 (120151.88)' 11;165272102
Wells Fargo Government Money Market - - -
Sub-Total Trustees Muncy:7iarket Account 13,413,020.31 120,005.33 (120,151.88). 13,412,873.76
Total Cash and Investments Managed.by Fiscal Agents 27,948,473.97 123,681.90 (120,442.37) 27,956,713.50
TOTAL CASH AND IN\'ES'fMI:71S 103.238,574.55 57,679,621,94 (44,846,359.38 116,071,837.13
Ste dasiluiachcd Accr ucd interest (13{543.84)
General Ledger 115,940,293.27
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CITY OF PETALUMA,CALIFORNIA
CITY-TREASURER'S QUARTERLY REPORT
For the quarter-ending'March.31,2012
Cost vs.Fair Market Value
Cost FY Gain/(Loss)
US Treasury Bond/Note 8,495,55195 8,513,787.28 18;235.33
Federal Agency Bond/Discount Note 14,302,87344 14,279,955.3.1 (22;918.13)
Corporate Note 1,249,187.50 1,262,213.75 13,026 25
Sub-Total PFM Treasurer's Invest.Securities 24,047,612.89 24,055,956.34 8;343.45
CAMP Pool Money Market Fund 10,284,811.16 10,284,811.16 -
Sub-Total CAMP Treasurer's Investments 34,332,424.05 34,340,767.50 8,343.45
Accrued Interest 86,624.53
CAMP Total Investment Managed Securities Held 34,427,392.03
CAMP Debt Issue Managed Accounts 14,543,839.74 14;543,839.74 -
PFM CAMP Total Treasurer's Investments ** 48,876,26339 (834;804.30) 8,343.45
LAIF 49,697,682.11. 49,757,871.62 60,189.51
LAIF amortized cost rate 1.00121111300
** See detail attached
2
City of Petaluma Performance Summaries
r
Annuahzed.Return as•of 'ir.
R arch--3,,2012 ▪City of Petaluma ,M : 1-3 Year iST index-Jr.
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Notes:
1. Merrill Lynch Indices provided by Bloomberg.Financial Markets.
2. CAMP Cash Reserve Pool'hioldings;excluded from performance,
yield and duration
calculations.
3. Performance numbers aiepresuMed on an annualized basis.
4. Inception date is 12131!01;
1
Untitled Page Page 1 of 1
galwas
JOHN CHIANG
California State Controller
LOCAL AGENCY INVESTMENT FUND
REMITTANCE ADVICE
Agency Name PETALUMA
Account Number 98-49-650
As of 04/13/2012, your Local Agency Investment Fund account has been directly credited
with the interest earned on your deposits for the quarter ending 03/31/2012.
Earnings Ratio .00001033084098709
Interest Rate 0.38%
Dollar Day Total $ 4,348,078,660.85
Quarter End Principal Balance $ 49,697,682.11
Quarterly Interest Earned $ 44,919.31
•
'jt= Wit`
http://laif sco.ca.gov/Rcsult.aspz 6/21/2012 ��
•
State of California
Pooled! Money Investment Account
Market Valuation
3131/201.2
'? `.Carrying Cost Plus :` : .
-:pescription•• Accrued Interest Parch., :r Amortized Cost.. :?. : Fair Value 'Accrued Interest-
_
United States Treasury:
'Bills $ 17,422,080482.501 $ 17,436,902,610.82 $ 17;437,805;500.00 'NA
Notes $ 14,977,688.026.40. $ _14,977,532,097:26 $ 15,019,802,000.00 $ 24,833,290.00
Federal Agency:
SBA $ 534,134,101.92 $ 534,134,101.92 $ 534,481,633.25 $ 560,284.25
MBS-REMICs $ X364,494,180.83 $ 364,494,180.83 $ 398,517,355.21 $ 1,734,748:09
Debentures $ 976,090,670.91 $ 976,089,837.57. $ 975,898,250.00 $ 1,898,749.25
Debentures FR $ - $ - $ - $ -
Discount Notes 5 4,791.501,388.76' $ 4,797,382,500:10 $ 4:798,731,000.00. NA
GNMA $ 23,601.72 $ 23,601.72 $ 23,791:92 $ 231.18
IBRD Debenture $ 399,921,857.92 $ 399,921,857.92: $ 400,000,000.00 $ 588,888.00
IBRD Deb FR $ 300,000.000.00 $ 300,000,000.00 $ 300,084,000.00 $ 445,456.67
CDs and YCDs FR $ 400,000,000:00 $ 400,000,000.00 $ 400 000,000.00 5- 292,546.67
Bank Notes $ - $ $ - $
CDs and YCDs $ _ 6;475':,010,947.96 $ 6,475,010,947.981 $ 6,474,105,775.80 $ 7,969,493 06
Commercial Paper $ 999;835,583.34 $ 399,997,999.98- 5 .399,996,666.67- NA
Corporate:
Bonds.FR $ - $ - $ - $ -
Bonds I $ - $ . - $ $
Repurchase Agreements $ $ - $ - $
Reverse Repurchase S - $ . $ - $ -
Time Deposits $ 4.300,640,000.00 $ 4;300 640000.00: $ 4,300,640,000.00 NA
AS 55'8 GF Loans. $ ..13,005.304,171.26 $ _13,005,30417126: $ 13,005304;171:26- .NA
TOTAL $'. . 64,346,725,013.52 $ '64;367433;907:34 $ '64,445390,144.14 $ '38,323,687.17
Fair Value Including Accrued Interest $ 64,483,713,831 28
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(1.001211113).
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$20,024,222.26 or$20.000.000.00 x1.001211113
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•
• City of Petaluma
Quarterly Investment Report
April 1 , 2012 to June 30 2012
ty
SO*
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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 June 30, 2012
Z�
CITY OF PETALUMA, CALIFORNIA
CITY TREASURER'S QUARTERLY REPORT
For the quarter ending Julie 30, 2012
Cash activity for the fiscahycar:
Cash and Investments, Beginning of the quarter, 04/01/2012 $ 116;071,837
Cash Receipts 67,705,253
Cast: Disbursements (69,015,886)
Cash and Investments, End of the Quarter, 06/30/2012 $ 114,761,204
Cash and Investment Portfolio at June 30, 2012
Percent
Fair Market Par Value of
Value* (Cost) Portfolio
Investments Managed by City Treasurer:
Assessment Districts Bonds 651,480 651,480 0.57%
Local Agency Investment Funds (LAU') 48,301,440 48,281,449 42.07%
CAMP Pool (CA Asset Management.Prog) 12,913,224 12,913,224 11.25%
PFM investments Securities ** 23,988,376 24,051,351 20.96%
Certificate of Deposits 250,000 250,000 0.22%
Checking Accounts 2,986,235 2,986,235 2.60%
Subtotal. .89,090,756 89 133,740 77.67%
Investments Managed by Fiscal Agents:
CAMP Debt Issue Accounts 12,214,683 12,214,683 10.64%
Trustee Money Market Accounts 13,412,781 1`-3,412;781 11.69%
Subtotal 25,627,465 25,627,465 22.33%
Total Cash:and Investments 114,718;220 114,761,204 100.00%
I certify that this report contains the total amounts of cash and investments attune 30, 2012
The investments are-in conformity'vlith 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 June 30,2012
William
Mushallo, Finance Director
*Fair market values are furnished by the State of.California, Local Agency Investment Fund and California Asse,
Management Program.
** Sec detail attached
Zq.
CITY OF PETALUMLC,CALIFORNIA
CITY'TREASURER'SIQUARTERLI'REPORT
For the quarter endingJune 30,2012
' "2 °i%�f"' t=k +X -eKr *w^...T`£13 ia) i""S%"r., "Tk .a,a .a SKI'
AWrit r a r sz r, a /' S a e li t sfi' ry 3 Eep
z tiff Lax. s"M t. -G& 3 ,1'?ri s7 W1 Z riAt: �rMlSccsa... -�:e l 17 a d+y2y 5 1 , i ft hlan13 ° /
... ..., a --.k.� .- 4a .µ >, rsr .. '':<,.n ._.a�'z x{,a$M":.,..s. 4�. air-�
Llvesrnrents Managed hr Cite Treasurer: -
Assessment District Bond(AD) 2000-01 651480.27 - 651,180.27
Sub-Total Assessment Districts Bond (AD)Accounts 651,480.27 - - 651,480:27
LAW 49,697 682.11 8,04491931 (9,500,000.00) 48342,601.42
LAW accrued interns' 4 4919.31 38.847.96 (44,919.31) 38,847.96
Sub-Total LA IF 49,742,601.42 8,083,767.27 (9,544.919.31) 48.281,449.38
CAMP Pool-Treasurer's investment Money Market 10,284,811 16 2,628,412.58 - 12,9[3,223 74
Sub-Total CAMP fool Managed Account 10,284,811.16 2,628,412.58 - 12,913.223.74
•
Federal Agency 13ondsiDiseount Notes 14,302,87344 1,051479.00 (1,307,463.00) 13,54M187(9.44
Fed Agency accrued interest 67,921.22 64,259.30 (87,122 93) 45,05739
113 Treasury BondsNotes 8;495,55195 1377,534.18 (702,85195) 9,170,234.18
US Tremors ticensd interest 1286998. 23,312.25 (12970.74) 23,21149
Corporate Notes 1,249,187.50 1,249,117 50
Corporate Notes ace.] ed interest 5,833 33 10,937.50 - 16,770,83
Sub-'Fetal PFM Securities Managed Account`" 24,134,237.42 2,527,522.23 (2.610,408.62) 24.051,351.03
Subtotal 84,813,130.27 13,239,702.08 (12,155,327.93) 85,897,504.42
Certificate of Deposits:
Circle Bank 1350,000 00 319.51 (1000.319.511 250,000.00
Sub-Total Certificate of Deposits 1,250,000.00 319.51 (1,000,319.51) 250,000.00
Checking Accounts:
Exchange-General Operating 1,941,802.74 44,692,951.48 (43,758.238.02) 2876,516.20
Exchange-Payroll 2,46711 5,032,685.14 (5,032.116.38) 3,035.87
Thomas Lee Charity Trust 2,067.38 2,067.38
Police Trust 105,656.11 22:596.87 (23 637.32) 104 615.66
Sub:Fatal Checking Accounts 2,051,993.34 .49,748,233.49 (48,813,991.72) 2,986,235.11
'Total Cash and Insesl inents Managed by the City Treasurer 88,115,123.61 - 62,938,255.08 (61,969,639.16) 89,133,739.53
fncvrtmerus Managed 1.p Trustees Reed',Agents:
CAMP-AD 23,24,25 Accounts Money Marker 426,866.95 258.56 427,125.51
CAMP-20018 Water Rev.2003 COP,2007 TAB,2011 TAB 14.116.97279 3332.06 (2,33774700) 11387,557.85
Sub-Total CAMP-Debt Issue Accounts'• 14,543,839.74 8.590,62 (2,337,747.00) 12.214.683.36 .
Bank id NiPs York 2.246.500.00 652.525.00 - (652,525 00.j 2,246,500.00
(itiion Bank'Blickrock 801.74 179,810 92 1180,611.50) 1.16
US Bank First American Trcas 11.165,572.02 3,876.071 38 (3.875363,20) 11.166280.20
Wells Fargo Government Money Market -
-
SubTotalTrusteesMoneyMarketAccount 13.412,873.76 4,708,407.30 (4,7118:499.701 13,412,781.36.
Total Cash and Investments Managed by Fiscal Agents 27,956,713.50 4,716.997.92 (7,046,246.711) 25,617,464.72
TOTAL CASH AND INVESTMENTS 116.071,837.11 67,705,253.00 (69,015,885.86) .114,761,204,25
•'See detail a:amed Accrued interest (123,88787)
General Ledger 114,637,316.38
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19
CITYOF PETALUMA,CALIFORNIA
CITY 1'REASURER'S QUARTERLV.REPORT
For:the-quarter ending;June'30,-2012
Cost vs. Fail'Market Value
Cost FV Gain/(Loss)
US Treasury Bond/Note 9,-170,234.18 9,195,412.10 25,177.92
Federal Agency Bond/Discount Note 13,546,889.44 13,538.800.46 (8,088.98)
Corporate Note 1,249,187.50 1,254,163.75 4,976.25
Sub-Total PFM Treasurer's Invest. Securities 23,966,311.12 23,988;376.31 22,065.19
CAMP Pool Money Market Fund 12,913,223.74 12,913,223.74 -
Sub-Total CAMP Treasurer's Investments 36,879,534,86 36,901,600.05 22,065.19
Accrued Interest 85,039.91
CAMP Total Investment Managed Securities Held 36,986,639.96
CAMP Debt Issue Managed Accounts 12,214,683.36 12 214,68336 -
PPM CAMP Total Treasurer's Investments"'" 49,094,218.22 (834,804.30) 22,065.19
LAIF 48,242,601.42 48,301,440.17 58,838.75
LAW amortized cost rate 1.00121964300
** See detailattaehed
3C
Untitled Page Pagel of 1
•
MMi-+"
Vat
E'
JOHN CHIANG
California State Controller
LOCAL AGENCY INVESTMENT FUND
REMITTANCE ADVICE
Agency Name PETALUMA
Account Number 98-49-650
As of 07/13/2012, your Local Agency 'Investment Fund account has been directly credited
with the interest earned on your deposits for the quarter ending 06/30/2012.
Earnings Ratio .00000976192855700
Interest Rate 0.36%
Dollar Day Total $ 3,979,537,697.50
Quarter End Principal Balance $ 48.242,601.42
Quarterly Interest Earned $ 38,847.96
http://lailsco.ca.gov/Result.aspx 8/15/2012
•
State of California.
•
Pooled' Money Investment Account
Market Valuation •
6/30/2012
?Carrying Cost Plus .
! Description AccruedIriterest Purch , . Amortized Caste 'Fair Value •,`Accrued Interest'.
United States Treasury'
Bills $ • 18;025,015,961.50. $ X18,035,675,027:58 5. 18,035,714,500.00 NA
Notes $ 16425;839,178.38, $ 16,425;695;679;44 S. 16,471,785,500.00 $ 18,029444.00
Federal Agency: •
SBA -:$ 533,92067062: $ 533,920670.62.. $ 534,236,835-82 $ 556,704.58
MBS-REMICs '$ 327;565,846.27 $ 327,565,846.27' $ 356052,805.03 $ 1,561.392.94
Debentures $ .. 750,600,944.28 $ .. . 750,600,944.28 $ 750,928,000-00 $ 734,165.50
Debentures FR $ - $ - $ $ -
Discount Notes 5 2,296,401,499.92 -1$ 2,297,700,249.94 $ 2,297,777,000.00 NA
GNMA $ 13,135.39 $ 13,135.39 $ 13,251.02 $ 129.87
I
(IBRD Debenture '$ 1399,931;803.28 5 399,931,803.28 $ 400,000,000.00 $ 83,332.00
IBRD Deb FR $ $ $ $
CDs and YCDs FR $ S00 000;000.00 $ 800,000,000.00 $ 800,000,000.00 $ 661,670.55
Bank Notes s - i.$ $ $ -
CDs and COs $ 6
Y 6,365,07.1468.20 5 6,365 040,029 86' $ 6 364,102,818.42 $ 2,308,841.66 I
Commercial Paper $ X2,585;384;503.36 $ 2,585,672,778'39. $. 2 585,211,507.23 NA I
Corporate:
Bonds FR $ - $ 5; $
Bonds $ - $ 5. - $ -
Repurchase Agreements $ ... - $ - $ - $
Reverse Repurchase $ - $ - S. - $ -
■
(Time Deposits $ 4.4.83,640;000,00 5 4,483,640,000 00' 5. 4,483,640,000.00 NA
AB 55& GF Loans $ 7,508;801;385.90 5 7,508 801,385.90. 5 '7,508;801,385.90 NA
TOTAL $ 60;502,186,417:10, $ 60,514.457,550.95 $ 60,588,263,603.42 •$ 23,935,681.10.
Fair•Vaiue including.Accrued Interest $ 60,612,199,284.52
Repurchase Agreements.Time Deposits,AB 55-6 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 theiamortized cost(1.001219643).
As an example:if an agency has an account balance.of$20,000,000i00,;then the agency would report its '
participation;in the LAIF valued at$20,024,392:87 or$20,000,000.00 x1.001219643.
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City of• etalpma Performance,Summaries
Annualized Returns as of
June 30 ,?012 City of f etaiuma ML 1 3 Year UST index
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Notes:
L Merrill Lynch Indices provided by Bloomberg Financial Markets.
2.CAMP Cash Reserve Pool holdings excluded from performance,yield and duration calculations.
3.Performance numbers are presented on an annualized basis.
4.Inception date is 12f3t/01.
L