HomeMy WebLinkAbout19C - QRTLY RPT OF INVESTMENTSREQUEST FOR
COUNCIL /ACTION
CITY COUNCIL MEETING DATE:
FEBRUARY 7, 2017
TITLE:
QUARTERLY REPORT OF INVESTMENTS
AS OF DECEMBER 31, 2016
{STRATEGIC PLAN NO. 4, 1D)
CITY MANAGER
RECOMMENDED ACTION
Receive and file.
DISCUSSION
CLERK OF COUNCIL USE ONLY:
ET.J.T597i�_91
❑
As Recommended
❑
As Amended
❑
Ordinance on 151 Reading
❑
Ordinance on 2nd Reading
❑
Implementing Resolution
❑
Set Public Hearing For_
CONTINUED TO
FILE NUMBER
In 1995, the State of California enacted legislation revising the reporting requirements relative to
investment of funds by governmental agencies. California Code Section 53646 (b) states that if
a quarterly report is rendered to the legislative body, the quarterly report shall be submitted
within 30 days following the end of the quarter covered by the report. The legislation specifies
that this quarterly report contain the seven major elements listed below:
1. Type of investments,
2. Date of maturity,
3. Par and dollar amounts invested in each security,
4. Weighted average maturity of the investments,
5. Market value as of the date of the report,
6. Source of the market value information, and
7. Any funds, investments or programs, including loans,
under the management of contracted parties.
These specifications include a statement outlining the ability of the City to meet the budgeted
expenditures for the subsequent six months be submitted to the City Council on a quarterly
basis. Staff performs an end -of -month expenditure analysis to comply with the expenditure
requirement and a statement confirming the ability to meet this requirement in the monthly -and
quarter- ending Treasurer's Report. The information is in compliance with State law and the
City's Investment Policy.
The attached Treasurer's Report (Exhibit 1) accurately reflects all pooled investments held on
behalf of the City as of December 31, 2016.
19C -1
Quarterly Report of Investments
February 07, 2017
Page 2
The following table represents percentage policy limits set by the City's Investment Policy and
State Law and respective types, amounts and percentages, as of December 31, 2016.
Type of Investment
in $
in %
COSA
Policy
Limits
State Law
Limits
Certificate of Deposit (CD)
$9,893,622.95
3.40%
30%
30%
Federal Farm Credit Bank (FFCB)
$59,492,550.00
20.47%
None
None
Federal Home Loan Bank (FHLB)
$62,984,533.00
21.68%
None
None
Federal Home Loan Mortgage Corp. (FHLMC)
$47,426,275.00
16.32%
None
None
Federal National Mortgage Association (FNMA)
$72,923,730.00
25.10%
None
None
Local Agency Investment Fund (LAIF)
$37,849,471.11
13.03%
None
None
Sub -Total
$290,570,182.06
100.00%
None
None
Cash
$23,304,454.19
Total
$313,874,636.25
Restricted Cash
in $
Restricted Cash
$15,422,842.52
Total
$15,422,842.52
t Restricted cash is held by Trustee, Bank of New York Mellon and is segregated from cash used for daily
operations.
The following graph represents percentages within the respective investment types, as of
December 31, 2016.
City of Santa Ana
Investment Portfolio Asset Allocation
December 31, 2016
LAIF
13.03%
CD
3.40 %
aa�
• Certificate of Deposit (CD) ■ Federal Farm Credit Bank (FFCB)
• Federal Home Loan Bank (FHLB) ■ Federal Home Loan Mortgage Corp. (FHLMC)
■ Federal National Mortgage Association (FNMA) ■ Local Agency Investment Fund (LAIF)
19C -2
Quarterly Report of Investments
February 07, 2017
Page 3
Effective Rate of Return'
Month To Date (MTD) .99%
Year To Date (YTD) 1.04%
STRATEGIC PLAN ALIGNMENT
Approval of this item allows the City to meet Goal #4 - City Financial Stability, Objective #1
(Maintain a stable, efficient and transparent financial environment), Strategy D (Develop a fiscal
health analysis tool that informs a department of its financial position in order to assist in its
decision making process).
FISCAL IMPACT
There is no fiscal impact associated with this action.
Francisco Gutierrez
Executive Director
Finance and Management Services Agency
rp
Exhibit: 1. Treasurer's Report
19C -3
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