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City Council Staff Report
DATE: September 8, 2010 CONSENT CALENDAR
SUBJECT: TREASURER'S INVESTMENT REPORT AS OF
JUNE 30, 2010
FROM: Geoffrey S. Kiehl, Director of Finance and Treasurer
BY: Department of Finance and Treasury
SUMMARY
Attached is the Treasurer's Investment Report as of June 30, 2010. The report
includes the face value and coupon rate (if applicable) of the investments and the
source for the market value estimate. The City's total invested cash is
$101,710,666 plus $23,042,273 in bond issue capital projects, reserve and debt
service funds. The market value of the invested cash is $102,237,697.
RECOMMENDATION:
Receive and File Treasurer's Investment Report as of June 30, 2010.
STAFF ANALYSIS:
The attached report includes the face value and coupon rate (if applicable) of the
investments and the source for the market value estimate. Also included is
information on the investments of bond issue reserve, debt service and related
funds.
The investments, in type, maturity and as a percentage of the total portfolio, are
in compliance with the existing City Council-approved investment policy with one
exception: the FICO notes ($500,000, 4/16/18, 9.8%) exceed the 5 year
limitation on maturities (Detail of Investments, Long Term Investments, U.S.
Govt. Agency Securities). The investment in question was purchased prior to the
adoption of the 5-year limitation_ Since it appears to represent no additional risk
either because of credit-worthiness or liquidity, earlier councils decided to allow it
to be retained in the investment pool because the yield is higher than attainable
Item No. 2 . E .
City Council Staff Report
September 8, 2010— Page 2
Treasurer's Investment Report as of June 30, 2010
under current market conditions. We recommend that this exception to the
policy be continued.
The weighted average maturity (WAM) of the portfolio is 189 days. The
maximum WAM allowed by the Investment Policy is 1095 days. The current
portfolio and expected revenue cash flow will be sufficient to meet budgeted
expenditure requirements for the next six months and the foreseeable future
thereafter.
FISCAL IMPACT:
None
Geoffrey S. Kiehl, Director of Finance and Treasurer
Attachments: Treasurer's Investment Report
n
treasrep CITY OF PALM SPRINGS
7/19/2010 TREASURER'S MONTHLY REPORT
SUMMARY OF INVESTMENTS
JUNE 30, 2010
On Call Deposits Adjusted Basis Category Total Percentage
Checking Account $ 1,868,573
State Pool 79,700,000 $ 81,568,573 80.20%
Short Term Investments
(I year or less)
Corporate Notes 2,785,430
Mortgage Pass-Thrus 918,069
Time Deposits 940,000 4,643,499 4.57%
Medium Term Investments
(1 year to 3 years)
U.S.Gov't Agencies 8,000,000 8,000,000 7.87%
Long Term Investments
(3 years to 5 ears
U.S.Gov't Agencies 7,498,594 7,498,594 7.37%
S 101,710,666 100.000/0
*Some investments made prior to the implementation of the
current Investment Policy exceed the 5 year limit.
ry
treasrep TREASURER'S MONTHLY REPORT
71W2010 DETAIL OF INVESTMENTS
RUNE 30,2010
Coupon Yield Adjusted [memo only) Prior Qtr.
Par Value Rate Rating Matarity to Matanty Cost Basis Category Total Market Value Source Market Value
4n Call Deposits
Checking-Bank of America $ NIA variable AAA open 0.15"/. S 1,868,573 S 1,968,573 S 2,588,053
Local Agency Invest Find(LAIF)* 79,700,000 variable N/A open 0.53% 79,700,000 79,794,292 LAIF 56,753,742
81,568,573
Short Term Investments
k year or less
Ca Torrate Notes
Wells Fargo&Company 800,000 3.98"/. AA- 10/29,110 4.20"/. 795,160 806,560 Bank ofNY Mellon 815,072
SBC Communications,Inc. 1,000,000 5.30"/. A 11/15/10 5.17% 1,004,150 1,015,860 Bank of NY Mellon 1,029,810
Goldman Sachs Group,Inc. 1,000,000 5.00% A 01/I5111 5.37% 986,120 1,015,220 Bank cf NY Mellon 1,032,350
2,785,430
Mortgage Pass-Thrus
Federal Home Loan Mortgage Corporation 2,280,000 4.50"/. N/A 05/01/10 5.29"/. 0 0 Bank ofNY Mellon 217,295
Federal Home Loan Mortgage Corporation 1,370,000 5.00"/. NIA 0910I/10 5.35% 121,632 127.190 Bank of NY Mellon 145,708
Federal National Mortgage Association 500,000 4.00"h NA 1 W01110 4.95% 73,219 79,962 Bank of NY Mellon 97,478
Federal Home Loan Bank 775,000 4.75% NIA I0,125/10 4.88% 335,850 347,767 Bank of NY Mellon 373,197
Federal Home Loan Mortgage Corporation 1,015,552 4.50"/. NA 02/01/11 5.24"/. 194,902 199,696 Bank ofNY Mellon 219,608
Federal Home Loan Mortgage Corporation 695,000 4.00% NIA 04/0VI 1 5.22"/. 154,753 171,000 Bank ofNY Mellon 205,048
Federal Home Loan Mortgage Corporation 200,000 4.50% NA 05/01/11 5.37"/. 47,712 50,787 Bank ofNY Mellon 58,261
918,069
Time Deposits
CD Account Registry Service(CDARS) 940,000 1.60% AAA 07/15/10 1.61% 940,000 940,000 Palm Desert Nat Bank 940,000
940,000
treasrep TREASURER'S MONTHLY REPORT"
7/19/2010 DETAIL OF INVESTMENTS
JUNE 30,2010
Coupon Yield Adjusted (memo only) Prior Qtr.
Par Value Bate Rating Maturity to Maturity Cost Basis Category Total Market Value Source Market Value
Medium Term Investments
{1 year to 3 years)
U.S.Cron t Agency Securities
Federal Home Loan Bank 1,000,000 4.10°/ N/A 06/24/11 4.10% 0 0 Bank of NY Mellon i,008,438
Federal Horne Loan Bank 1,000,000 4.13°% N/A 06124/11 4.13% 0 0 Bank of NY Mellon 1,008,750
Federal Home Loan Bank 1,000;400 3.25% NIA 11/28/11 3.25% 0 0 Bank of NY Mellon 1,003,750
Federal Home Loan Mortgage Corporation 1,000,000 4.02% NIA 06/25/12 4.02% 0 0 Bank of NY Mellon I,008,060
Federal Home Loan Bank 2,000,000 1.75% N/A I D/29112 1.75% 2,000,000 2,008,125 Bank of NY Mellon 2,006,250
Federal Home Loan Bank 1,000,000 2.30% NIA 12/24/12 2.30% 0 0 Bank of NY Mellon 1,004,063
Federal Home Loan Mortgage Corporation 1,000,000 2.50% NIA 12/28/12 2.50% 1,000,000 1,018,570 Bank of NY Mellon 1,016,970
Federal Farm Credit Bank 2,000,000 2.00°/a N/A 01/14/13 2.00% 2,000,000 2,015,750 Bank of NY Mellon 2,001,250
Federal Home Loan Mortgage Corporation 1,000,000 225% NIA 01/30/13 2.25% I,000,000 1,001,230 Bank of NY Melioo 1,003,630
Federal Farm Credit Bank 2,000,000 2.001% NIA 03.127Jl3 2.1(% 0 0 Bank of NY Mellon 1,996,875
Federal Home Loan Bank 2,000,000 2.00°/n NIA 06/24/13 2.0MI. 2,000,000 2,006,875 Bank of NY Mellon 2,000,625
8,000,000
Long Term Investment
(3 years to 5 years)
U.S.Gov't Agency Securities
Federal Home Loan Bank 1,000,000 2.95% NIA 08/19/13 2.851% I,000,000 1,003,125 Bank of NY Mellon 1,009,688
Federal Horne Loan Mortgage Corporation 2,000,000 2.00% NIA 09/11/13 2.009'0 0 0 Bank of NY Mellon 1,997,980
Federal Home Loan Bank 2,000,000 2.08% N/A 1=3113 2.08% 2,000,000 2,016,873 Bank of NY Mellon 1,996,975
Federal Home Loan Bank 2,000,000 2.35% NIA 03/17/14 2.35% 2,000,000 2,025,625 Bank ofNY Mellon 1,986,975
Federal National Mortgage Association 1,000,000 3 50% NIA 08/25/14 3.50% 1,000,000 1,004,375 Bank of NY Mellon 1,010,000
Federal Home Loan Mortgage Corporation 1,000,000 3A0% NIA 11105.114 3.00% 1,000,000 1,009,240 Bank of NY Mellon 1,004,420
Federal National Mortgage Association 1,000,000 3.25% NIA 1111V14 3.25% 0 0 Bank of NY Mellon 1,003,125
Federal Farm Credit Bank 2100Q000 2.75% NIA 12/11/14 2.75% 0 0 Bank of NY Mellon 1,986,875
Financing Corporation(FTCC) 500,000 9.801/. NIA 04I06/18 9.80% 498,594 715,000 NationsBank 671,406
7,499,594
Total Invested Cash $ 101,710,666 S 102,237,697 S 92,190,515
•Includes the following deposits ofnen-City funds:
Principal Interest Total
SMG(Convention Center) 100,000 95,691 195,691
[J� Palm Springs Historical Society 250,000 52,555 302,555
TREASURER'S MONTHLY REPORT
treasrep MISCELLANEOUS AND TRUST ACCOUNTS
7/19/2010 JUNE 30, 2010
Yield Adjusted
Par Value Coupon Rating Maturity to Maturity Cost Basis Category Total
Total Invested Cash $ 101,710,666 $ 101,710,666
$ 101,710,666
Miscellaneous Accounts
Petty Cash 3,900 N/A N/A open none 3,900
Revolving Fund-Bank of America 19,750 N/A N/A open none 19,750
Trust&Agency-Bank of America 2,113,082 N/A N/A open none 2,113,082
Downpayment Assistance(Housing
Fund)-]P Morgan Chase 33,689 0.15% N/A open 0.15% 33,688
Workers Compensation-Bank of America -2,477 N/A N/A open none -2,477
General Liability-Bank of America 34,212 N/A N/A open none 34,212
1930's General Store Museum 4,272 N/A N/A open none 4,272 2,206,427
IDeposits Held In Trust
Time Deposits
(FDIC Insured)
BBVA Compass(Coyote Springs Apt) 20,777 1.09% N/A 6/24/11 1.09% 20,777 20,777
Total Cash Deposited $ 103,937,869
Cj
TREASURER'S MONTHLY REPORT
treasrep BOND ISSUE RESERVE,DEBT SERVICE&RELATED FUNDS
07/19/10 JUNE 30,2010
Coupon Yield Adjusted (memo only) Prior Qtr.
Par Value Rate hating Maturity to Maturity Cost Basis Category Total Market Value Source Market Value
2004 Assessment District 161
hrvesco Government&Agency Private 85,709 variable AAA open 0.02% 85,709 85,709 Bank o£NY Mellon 412,621
Key Bank National Association,Ohio 108,000 4.30°A NIA 12,20.112 1.80% 115,105 116,402 Bank of NY Mellon 0
CIT Bank,Bait Lake City,Utah 205,000 3.05"/° NIA 1/28/13 1.87% 211,607 214,868 Bank of NY Mellon 0
412,421
2004 Assessment District 162
htvesao Government&Agency Private 66,893 variable AAA open 0.01% 66,895 66,895 Bank ofNY Mellon 161,056
Capital One Bank USA National Association 88,000 4.151/6 NIA 315/13 1-WK 93,946 94,827 Bank of NY Mellon 0
160,741
2005 Assessment District 164
htvesco Government&Agency Private 95,799 variable AAA open 0.02% 95,799 95,799 Bank ofNY Mellon 367,167
Citizens Bank,Flint,Michigan 245,000 1.85% NIA 3.14i13 1-80% 245,347 245,000 Bank ofNY Mellon 0
Capital One Bank USA National Association 25,000 4.15% N1A 3/5,'l3 18 0°/a 26,661 26,940 Bank ofNY Mellon 0
367,807
2007 Merged Project A&*2
InvewD Government&Agency Private 7,245,208 variable AAA open 0.021/6 7,245,208 7,245,208 Bank of NY Mellon 7,306,545
7,245,208
2007 Refunding Lease Revenue Bonds
Invesco Government&Agency Private 9 variable AAA open 0.Dl% 9 9 Bank ofNY Mellon 1,358,053
9
2008 Airport PFC Refimding
Invesco Government&Agency Private 416 variable AAA open 0.01% 416 416 Bank of NY Mellon 416
Federal Home Loan Mortgage Corporation 603,000 4.13% NIA 9/27/13 1.93% 647,450 657,458 Bank of NY Mellon 645,210
647,866
ERICA Radio System Lease
Financial Square Federal Fund Service 170,197 variable AAA open 0.01% 170,197 170,197 Deutsche Bank 170,193
170,197
Funds With Century Golf 1,883,303 1,883,303 1,983,303 Century Golf 1,317,376
1,983,303
Totals $ 23,042273 S 23,209,143 S 22,994214
C
THIS PAGE INTENTIONALLY LEFT BLANK
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to F0��,P City Council Staff Report
DATE: September 8, 2010 CONSENT CALENDAR
SUBJECT: TREASURER'S INVESTMENT REPORT AS OF
JULY 31, 2010
FROM: Geoffrey S. Kiehl, Director of Finance and Treasurer
BY: Department of Finance and Treasury
SUMMARY
Attached is the Treasurers Investment Report as of July 31, 2010. The report
includes the face value and coupon rate (if applicable) of the investments and the
source for the market value estimate. The City's total invested cash is
$94,467,182 plus $21,691,721 in bond issue capital projects, reserve and debt
service funds. The market value of the invested cash is $95,052,628_
RECOMMENDATION:
Receive and File Treasurer's Investment Report as of July 31, 2010.
STAFF ANALYSIS:
The attached report includes the face value and coupon rate (if applicable) of the
investments and the source for the market value estimate. Also included is
information on the investments of bond issue reserve, debt service and related
funds.
The investments, in type, maturity and as a percentage of the total portfolio, are
in compliance with the existing City Council-approved investment policy with one
exception: the FICO notes ($500,000, 4/16/18, 9.8%) exceed the 5 year
limitation on maturities (Detail of Investments, Long Term Investments, U.S.
Govt. Agency Securities). The investment in question was purchased prior to the
adoption of the 5-year limitation_ Since it appears to represent no additional risk
either because of credit-worthiness or liquidity, earlier councils decided to allow it
to be retained in the investment pool because the yield is higher than attainable
1 �
City Council Staff Report
September 8, 2010— Page 2
Treasurer's Investment Report as of July 31, 2010
under current market conditions. We recommend that this exception to the
policy be continued.
The weighted average maturity (WAM) of the portfolio is 328 days. The
maximum WAM allowed by the Investment Policy is 1095 days. The current
portfolio and expected revenue cash flow will be sufficient to meet budgeted
expenditure requirements for the next six months and the foreseeable future
thereafter.
FISCAL_ IMPACT:
None
r
Geoffrey Ki I, Director of Finance and Treasurer
Attachments: Treasurer's Investment Report
12
treasrcp CITY OF PALM SPRINGS
8/19/2010 TREASURER'S MONTHLY REPORT
SUMMARY OF INVESTMENTS
JULY 31, 2010
On Call Deposits Adjusted Basis Category Total Percentage
Checking Account $ 2,620,065
State Pool 64,700,000 $ 67,320,065 71.260/9
Short Term Investments
(1 year or less)
Corporate Notes 2,785,430
Mortgage Pass-Thrus 865,593
'Time Deposits 0 3,651,023 3.86%
Medium'Perm Investments
1 year to 3 ears
U.S.Gov't Agencies 8,000,000 8,000,000 8.47%
Long Term Investments
(3 years to 5 ears)
U.S.Gov't Agencies 15,496,094 15,496,094 16.40%
$ 94,467,182 100.000/6
*Some investments made prior to the implementation of the
current Investment Policy exceed the b year limit.
1 �
hrssrep TREASURER'S MONTHLY REPORT
8/19/2010 DETAIL OF INVESTMENTS
JULY 31,2010
Coupon Yield Adjusted (memo only) Prior Qtr.
Paz Value Rate Rating Maturity to Maturity Cost Basis Category Total Market Value Source Market Value
On Call Deposits
Checking-Bank of America S NIA variable AAA open 0.15% $ 2,620,063 S 2,620,065 S 1,868,573
Local Agency invest Fund(LAIF) 64,700,000 variable NIA open 0.53% 64,700,000 64,806,352 LAIF 79,794,292
67,320,065
Short Term Investments
1 year or less
Corporate Notes
Wells Fargo&Company 800,000 3.98% AA- 10/29/10 4.20°/u 795,160 805,328 Bank of NY Mellon 806,560
SBC Communications,Inc. 1,000,000 5.301yo A 11,115110 5.17°/u 1,004,150 1,012,990 Bank of NY Mellon 1,015,860
Goldman Sachs Group,Inc. 1,000,000 5.00% A 01/15/11 5.37/n 986,120 1,016,300 Bank of NY Mellon 1,015,220
2,785,430
Mortgage Pass-Thrus
Federal Hoare Loan Mortgage Corporation 1,370,000 5.00% N/A 09/01/10 5.35^/n 110,951 116,308 Bank of NY Mellon 127,190
Federal National Mortgage Association 500,000 4.00% NIA 10/01/10 4.95%. 63,491 69,064 Bank of NY Mellon 78,962
Federal Horne Loan Bank 775,000 4.75% NIA 10/25/10 4.88% 329,609 334,767 Bank of NY Mellon 347,767
Federal Home Loan Mortgage Corporation 1,015,552 4.50Yn NIA 02/01/11 5.24% 172,834 186,053 Bank of NY Mellon 198,696
Federal Home Loan Mortgage Corporation 695,000 4.00'/o NIA W01111 5.22% 145,207 161,037 Bank ofNY Mellon 171,000
Federal Home Loan Mortgage Corporation 200,000 4.5W. NIA 05101!11 5.37% 43,500 46,488 Bank of NY Mellon 50,787
865,593
Time Deposits
CD Account Registry Service(CDARS) 940,000 1.60°/u AAA 07 15110 1.61% 0 0 Palm Desert Nat.Bank 940,000
0
h"'at
treasrep TREASURER'S MONTHLY REPORT
8/1 912 0 1 0 DETAIL OF INVESTMENTS
DULY 31,2010
Coupon Yield Adjusted (memo only) Prior Qtr.
Par Value Rate Rating Maturity to Maturity Cost Basis Category Total Market Value Source Market Value
Medium Term Investraams
1 year to 3years)
U.S.Govt Agency Securities
Federal Home Loan Bank 2,000,000 1.75% NIA 10/29/12 1.75°/a 2,000,000 2,006,250 Bank of NY Mellon 2,008,125
Federal Home Loan Mortgage Corporation 1,000,000 2.50% NIA I2r28112 2.50°/. 1,000,000 1,017,450 Bank ofNY Mellon 1,018,570
Federal Farm Credit Bank 2,000,000 2.W1@ NIA 01/14/13 2.00°/. 2,000,000 2,011,875 Bank of NY Mellon 2,013,750
Federal Home Loan Mortgage Corporation I,000,000 1.10% NIA 01/22/13 1.10°/. 1,000,000 1,001,970 Bank of NY Mellon 0
Federal Hone Loan Mortgage Corporation 1,000,000 2.25% NIA 01/30/13 2.25°/. 0 0 Bank of NY Mellon I,001,230
Federal Home Loan Bank 2,000,000 2.00% NIA 06/241I3 2.00% 2,000,000 2,004,375 Bank of NY Mellon 2,006,875
8,000,000
Lang Term Investment
3 years to 5
U.S-Govt Agency Securities
Federal Home Loan Bank 1,000,000 2.85% NIA 08/19/13 2.85% 1,000,000 1,001,250 Bank of NY Mellon 1,003,125
Federal Home Loan Bank 2,000,000 2.08°A NIA 12/23/13 2.08% 2,000,000 2,014,375 Bank ofNY Mellon 2,016,875
Federal Home Loan Mortgage Corporation 1,000,000 1.63% N/A 01/21/14 1.63% 1,000,000 1,006,910 Bank ofNY Mellon 0
Federal National Mortgage Association 1,000,000 1.60°/. N/A 01/29/14 1.W/o 1,000,000 1,005,625 Bank ofNY Mellon 0
Federal Hone Loan Bank 2,000,000 2.350/. N/A 03/17/14 2.35% 2,000,000 2,026,230 Bank of NY Mellon 2,025,625
Federal Farm Credit Bank 1,000,000 1.771/4 N/A 07/08/14 1.77% I,000,000 1,002,500 Bank ofNY Mellon 0
Federal National Mortgage Association 1,000,000 2.00°/. N/A 07/22/14 2.00°/. 1,000,000 1,003,125 Bank ofNY Mellon 0
Federal National Mortgage Assoeiation 1,000,000 3.50"/. NIA 09/25/14 3.50°/. 1,000,000 1,001,875 Bank of NY Mellon 1,D04,375
Federal Home Loan Mortgage Corporation 1,000,000 3.001/6 NIA 11/05/14 3.00°/. 1,000,000 1,007,220 Bank of NY Mellon 1,009,240
Federal National Mortgage Association 1,000,000 2.05% NIA 01/13115 2.05°/. 1,000,000 1,009,375 Bank of NY Mellon 0
Federal Home Loan Mortgage Corporation 1,000,000 2.38% NIA 07/20/15 2.38% 1,000,000 1,006,200 Bank of NY Mellon 0
Federal Home Loan Bank 1,000,000 2.35% NIA 07/21/15 2.35% 1,000,000 1,006,250 Bank of NY Mellon 0
Federal National Mortgage Association 1,000,000 2.25% NIA 07,122115 2.301A 997,500 1,009,373 Bank of NY Mellon 0
Financing Corporation(FICO) 500,000 9.WA NIA 04/06/19 9.WA 498,594 735,625 Nation0ank 715,000
15,496,094
Total Invested Cash $ 94,467,182 $ 45,452,fi28 $ 102,237,698
"Includes the following deposits of non-City funds-
Principal Interest Total
SM. G(Convention Center) 100,000 95,779 195,779
Palm Springs Historical Society 250,000 52,692 302,692
TREASURER'S MONTHLY REPORT
treasrep MISCELLANEOUS AND TRUST ACCOUNTS
8119/2010 JULY 31, 2010
Yield Adjusted
Par Value Coupon Rating Maturity to Maturity Cost Basis Category Total
Total Invested Cash. $ 94,467,182 $ 94,467,182
$ 94,467,182
1Vliseellaneous Accounts
Petry Cash 3,900 N/A NIA open none 3,900
Revolving Fund-Bank of America 19,900 N/A N/A open none 19,900
Trust&Agency-Bank of America 2,144,714 N/A NIA open none 2,144,714
Downpayment Assistance(Housing
Fund)-JP Morgan Chase 33,692 0.15% N/A open 0.15% 33,692
Workers Compensation-Bank of America 1,088 NIA N/A open none 1,088
General Liability-Bank of America 34,212 N/A N/A open none 34,212
1930's General Store Museum-Bank of America 3,561 N/A N/A open none 3,561 2,241,067
IDeposits Held In Trust
Time Deposits
(FDIC Insured)
BBVA Compass(Coyote Springs Apt) 20,777 1.09% N/A 6124/11 1.09% 20,777 20,777
Total Cash Deposited $ 96,729,026
F—+
TREASURER'S MONTHLY REPORT
treasrep BOND ISSUE RESERVE,DEBT SERVICE&RELATED FUNDS
0849/10 JULY 31,2010
Coupon Yield A(yusted {memo only) Prior Qtr.
Paz Value Rate Rating Maturity to Maturity Cost Basis Category Total Market Value Source Market Value
1 9 9 1 19710 1/04 Convention Center
Invesco Government&Agency Private 841 variable AAA open 0.01% 841 841 Bonk ofNY Mellon 841
Federal Home Loan Morgtgagc Corporation 5,465,000 4.13% NIA 9127113 1.93% 5,867,948 5,991,006 Bank ofNY Mellon 3,958,558
5,969,689
1991101 Series B-Housing
Invesco Govemment&Agency Private 374,353 variable AAA open 0.020h 174,353 374,353 Bank ofNY Mellon I4,909
Federal Home Loan Bank 420,000 4.63% NIA 10110,112 1.38% 453,705 455,700 Bank ofNY Mellon 455,963
829,058
1992106 Airport
Invesco Government&Agency Private 28I,401 variable AAA open 0.021/0 281,401 281,401 Bank ofNY Mellon 1,022,059
U.S.Treasury Note 855,000 1.38% NIA 3/15113 1.55% 950,692 969,492 Bank ofNY Mellon 866,089
1,132,092
1994104 Series A&B
Invesco Government&Agency Private 1,610 variable AAA open 0.0r10 1,610 1,610 Bank of NY Mellon 1,610
Federal Home Loan Mortgage Corporation 965,000 4.13% N/A 9/27/13 1.931/0 1,036,134 1,057,881 Bank of NY Mellon 1,052,152
Federal Home Loan Mortgage Corporation 571,000 4.13% N/A 9127113 1.931/o 613,091 625,939 Bank of NY Mellon 622,368
1,650,835
199MB Airport PFC
Invesco Government&Agency Private 241,009 variable AAA open 0.02% 241,009 241,009 Bank of NY Mellon 1,042,199
U.S.Treasury Note 918,000 1.380/6 NIA 3115/13 1.55% 913,374 933,560 Bank of NY Mellon 929,905
1,154,383
1998 Assessment District I55 A&B
Invesco Government&Agency Private 147,295 variable AAA open 0.021% 147,295 147,295 Bank ofNY Mellon 147,293
147,295
2001 Assessment District 1571158
tnvesco Government&Agency Private 187,087 variable AAA open 0.021% 187,087 187,087 Bank ofNY Mellon 187,084
187,087
TREASURER'S MONTHLY REPORT
treasrep BOND ISSUE RESERVE,DEBT SERVICE&RELATED FUNDS
08119110 JULY 31,2010
=2 Parking Structure
Cash 3 3 3 Bank of NY Mellon 3
Invesco Government&Agency Private 15 variable AAA open 0.01% 15 15 Bank ofNY Mellon. 3,881
18
2004 Assessment District 161
Imesoo Government&Agency Private $8,810 variable AAA open 0.01% 88,810 88,810 Bank ofNY Mellon 85,709
Key Bank National Association,Ohio 108,000 4.301% NIA 12/20/12 1.90% 115,105 116,884 Bank ofNY Mellon 116,402
CIT Bank,Salt Lake City,Utah 205,000 3.05% NIA 1128113 1.87% 211,607 216,053 Bank ofNY Mellon 214,869
415,523
2004 Assessment District 162
Invesco,Government&Agency Private 66,996 variable AAA open 0.01% 66,896 66,896 Bank of NY Mellon 66,895
Capital One Bank USA National Association 88,000 4.15% NIA 315113 1.80% 93,846 95,313 Bank of NY Mellon 94,827
160,742
2005 Assessment District 164
Invesco Government&Agency Private 96,173 variable AAA open 0.01% 96,173 96,173 Bank of NY Mellon 95,799
Citizens Bank,Flint,Michigan 245,000 1.85% NIA 314113 1.8WaA 245,347 245,000 Bank of NY Mellon 245,000
Capital Ono Bank USA National Association 25,000 4.15% NIA 315113 1.80°A 26,661 27,078 Bank of NY Mellon 26,940
368,181
2007 Merged Project 01&02
Invesco Government&Agency Private 7,245,328 variable AAA open 0.02% 7,245,328 7,245,328 Bank of NY Mellon 7,245,208
7,245,328
2007 Refunding Lease Revenue Bonds
Invesco Goveamuent&Agency Private 9 variable AAA open 0.01% 9 9 Bank ofNY Mellon 9
9
2008 Atrport PFC Refunding
htv 5co Government&Agency Private 4I6 variable AAA open 0.01% 416 416 Bank ofNY Mellon 416
Federal Home Loan Mortgage Corporation 603,000 4.134/u WA 9127113 1.93% 647,450 661,039 Bank of NY Mellon 657,458
647,866
BRICA Radio System Lease
Financial Square Federal Fund Service 170,198 variable AAA open 0.01% 170,198 170,198 Deutsche Bank 170,197
170,198
Funds With Century Golf 1,715,419 1,715,419 1,715,419 Century Golf 1.883,303
1,715,419
Totals S 21,691,721 $ 21,911,827 $ 23,208,i43
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treasrep TREASURER'S MONTHLY REPORT
08/19/10 CALCULATION OF INVESTMENT LIMITATIONS
JULY 31, 2010
Allowable Percentages
By Maturity: Minimum Maximum Current Mo.
1 day to 365 days $8,000,000 NIA $70,971,088
1 year to 3 years 0.00% 50.00% 8.47%
3 years to 5 years 0.00% 30.00% 15.87%
over 5 years NIA NIA 0.53%
By Type of Investment:
Bankers Acceptance-in total NIA 40.00% 0.00%
Bankers Acceptance- single bank NIA 20.00% 0.00%
Commercial Paper NIA 15.00% 0.00%
Certificates of Deposit NIA 30.00% 0.00%
Corporate Notes NIA 20.00% 295%
Money Market Mutual Funds NIA 10.00% 0.00%
Mortgage Pass Thrus NIA 10.00% 0.92%
U.S. Government Agencies NIA 50.00% 24.87%
U.S. Treasury Notes/Bonds NIA NIA 0.00%
TREASURER'S MONTHLY REPORT
treasrep BOND ISSUE RESERVE,DEBT SERVICE&RELATED FUNDS
0749/10 NNE 30,2010
Coupon Yield Adjusted {memo only) Prior Qtr.
Per Value Rate Rating Maturity to Maturity Cost Basis Category Total Market Value Source Market Value
1 9 9 119710 1 104 Convention Center
Invesoo Government&Agency Private 941 variable AAA open 0.01% 941 841 Bank of NY Mellon 1,847
Federal Home Loan MorgWW Corporation 5,465,000 4.13% NIA 9,27/13 1.93"/ 5,867,848 5,958,559 Bank of NY Mellon 5,847,550
5.868,689
1991101 Series B-Housing
hivesoD Government&Agency Private 14,909 variable AAA open 0.01% 14,909 14,909 Bank ofNY Mellon 9,586
Federal Home Loan Bank 420,000 4.63% NIA 101101I2 1.38% 453,705 455,963 Bank of NY Mellon 452,813
469,614
1992106 Airport
Invesco Government&Agency Private 1,022,058 variable AAA open 0.02% 1,022,058 1,022,058 Bank of NY Mellon 562,149
U.S.Treasury Note 855,000 1.38% NIA 3115113 1.55°/ 850,692 866,089 Bank ofNY Mellon 849,990
1,872,750
1994104 Series A&B
Invesco Government&Agency Private 1,610 variable AAA open 0.02% 1,6I0 1,610 Bank of NY Mellon 1I4,668
Federal Home Loan Mortgage Corporation 965,000 4.13% NIA 9.127/13 1.93% 1,036,134 1,052,I52 Bank ofNY Mellon 1,032,550
Federal Home Loan Mortgage Corporation 571,0(0 4.13% N.!A 9.127113 1,93% 613,091 622,568 Bank of NY Mellon 610,970
1,650,835
1998108 Airport PFC
Invesco Government&Agency Private 1,042,199 variable AAwk open 0.02Y° 1,042,199 1,042,199 Bank of NY Mellon 522,450
U.S.Treasury Note 918,000 1.381% N/A 3/15/13 1.55% 913,374 929,905 Bank of NY Mellon 912,621
1,955,573
19,98 Assessment District 153 A&B
Invesco Government&Agency Private 147,293 variable AAA open 0.02°/u 147,293 147,293 Bank of NY Mellon 147,285
147,293
2001 Assessment District 1571158
Invesco Government&Agency Private 187,094 variable AAA open 0.02°% 197,084 197,084 Bank ofNY Mellon I87,075
187,084
2002 Parking Structure
Cash 3 3 3 Bank ofNY Mellon 0
Invesco Government&Agency Private 3,881 variable AAA open 0.01% 3,881 3,881 Bank ofNY McIlon 4,021
3,984