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HomeMy WebLinkAbout12/19/2007 - STAFF REPORTS - 2.F. ;04 pALM S4 iy Y N e ~C��IFOR��p• City Council Staff Report DATE: December 19, 2007 CONSENT CALENDAR SUBJECT: TREASURER'S INVESTMENT REPORT AS OF OCTOBER 31, 2007 FROM: Craig A. Graves, City Treasurer BY: Department of Finance and Treasury SUMMARY Attached is the Treasurers Investment Report as of October 31, 2007- The 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 funds, and on loan repayment programs managed by a bank. RECOMMENDATION: Receive and File Treasurer's Investment Report as of October 31, 2007 STAFF ANALYSIS: The attached monthly Treasurers Investment Report is for the period ending October 31, 2007 Thereport 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 funds, and on loan repayment programs managed by a bank. 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 two exceptions: the FICO notes ($500,000, 4116118, 9.8%) exceed the 5 year limitation on maturities (Detail of Investments, Long Term Investments, Mortgage Pass Thru's). 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 under current market conditions. We recommend that this exception to the policy be continued. The second exception is Mortgage Pass Thru's are 1-43% over their maximum percentage of 10%. At the time of the last purchase of this investment type they were still under the 10% limitation, but with the reduction of the portfolio the percentage changed. Since the portfolio will again increase with seasonal property tax, in-lieu taxes and tax increment it is recommended that the current amount remain with no new investments in that category as the increased revenue will bring the percentage back under 10%- el,, �, ITEM NO._ 11 City Council Staff Report December 19, 2007—Page 2 Treasurers Investment Report as of October 31, 2007 State law requires this report to be submitted within 30 days of the end of the quarter. Because all of the City's bank accounts may not be completely reconciled, there may be minor adjustments to the cash on hand in the checking account and to the valuation of the bond issue's money market investments. All other amounts are actual_ The weighted average maturity (WAM) of the portfolio is 524 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 Cry�i A. Grav City reasurer Attachments: Treasurer's Investment Report 00'9002 [rCdSfcp CITY OF PALM SPRINGS 11/27/2007 TREASURER'S MONTHLY REPORT SUMMARY OF INVESTMENTS OCTOBER 31, 2007 On Call AC osia5 Adjusred Rases Category Total Percentage Checking Account $ 2,829,038 Slate Pool 21,140,000 S 23,969,039 29 S4% Short Term Investments (1 year or less) Cm polarc Notes 1,983,760 Mm'ryage PasS.Tlnus 1,208,328 Time Dcpo m 3,514,000 U.S.Gov tAgencies 9.750.000 U.S.Treasury Notes 0 16,456,088 20.28 i Mcduun Term Investments 0 cal 103 Yi,61 s) Mortgage Pass-Thins 7,080,833 U S Gov't Agencies 17,917,944 24,998,777 30.811;1 Lon,Term Investments Q years to 5 ears) Corporate Notes 1,990 270 Mortgage Pass-Thins 988,022 U S.Gov't Agencies 12,742 872 15 721.164 19 37 S 81,145,067 100.00% "Sumo investments made prior to the implementation of the Currvnl)nvcstment Pulley exceed the 5 year hmrt ueureP TREASURER'S MONTHLY REPORT IU27I2W7 DETAII.OF INVESTMENTS OCTO13ER 31, 2007 �I Coupon Ynld Ad1UscW (m,mo only) Prior Qrr Pa.Value Rate harm(, Mnturn, to Matuuty Cos Rasis Camgory Total Marko Vxluc Source M ket R1ne Gn Call Dcp.sirs 1 Chcckmg-Bank of America $ N/A variable AAA open 4 19 n E 2 829,038 5 2 A29 038 5 1�88,410 Lucd Agency Invest Food(LAIF) 21,140.OW va,iablc N/A open 514^,F 27,1,10 DW 21,131]00 LAID 19,631,066 1 23,969 03R 1 SbOrI Tt.lnve[rmcn45 (1 ymr Or MO COrpOMU,Not Buir S¢arns Co. 1.000,000 4005 AAI U151105 d34% 990670 996,U60 ➢NY Weacm Tr 99�I,270 Wens Faego Company 1,OW,WD 350m AA1 041O4/OF 3.73% 993090 993,594 RNY Western 7. 9E9,910 19A3 760 t Mortgage P.+4a-11uvS M Federal Howe Loan MortCMe Carpomuun 2,600,000 4.00S, N/A 06101108 482A 660.274 67052E ➢NY Western Tr 6F5,481 N Federal Home Loan Mongagc Co Pomnnn 465,000 A 0094 N/A 09101/08 5567, 132,203 125,690 BNY WeSICM Tr 137,622 N Federal Home Lay,Mmrtgage CoMon[ion 1dw,w0 400'% N/A 09I01I08 5d3"f, 415,851 426,072 BNY Wexem Tr 431,552 1,209,328 1 Time Depmus Y Washington Mutual➢an&(Lbmry Tmsr) 5OO 000 520% AAA 10/01/07 520`n p 0 Wasluugtun Mutwnl NOO'm I Wa;hinBron Mutual➢v,k(Library Trust) 00 I, 0000 S27'.6 AAA 10118/07 527% 0 0 W.ahingmn Mugnl 1,00010DO , CD Account Rcgutry Anvice(CDARS) 460,000 5.35% AAA OUNJO6 55" d8o," 480,W0 Palm D•werr Nat Bank '30,000 I Waslun&um Mutual Bank 1,000,WG 5.24e AAA 02/05/08 N24'% 11000,000 1=000 W�shinl;loo Mutual I,000 OW WaSmngmn Munn[Bank 1,000,000 5.2 % AAA 02/05/08 5 24 k 1,000000 1,000,000 WashinSmn Mutual 1,000.000 CD Accowt Regiarry SUrvlCc(CDAR9) AO,OW 5.359E AAA OMWOA 550% 940,000 940,000 Alm Desert Nat ➢an], 94W,000 CD Account Regi[try SLNICc(GDARM) 94,000 5.359t AAA 07/24109 5.50% 94.1IW 94,000 Film Desen Nat B.wk 94.000 3.514,WG U.S.Gov't Agency Sewndes Fedcnl Nauonal Mortgage Mwcimmn 11OW1000 330% N/A 10/12/07 150% 0 0 ➢NY Wes[em Tr 999,69E Federal Homc Loan Bank 500,000 4767, N/A M6/07 4 76% 0 0 BNY Wes¢m Tt 499,F44 ' Federal hlnmc Loan Rank 1,WO,WO 5OG� NIA 11/28/07 5OU fe 1000,000 1,DDo,313 BNY western'rt 1.000.000 ' Fedcnl home Loan Bank I,000,000 510'A NIA 12/28/07 5.IOS, I,WO,WU I,WO 62.5 BNY Wcsu:m Tr 1.000,M3 Fcdcml Home Lunn Bank 500,000 4 30% N/A 01130M8 4.30; 500,000 499,531 BNY Wmmm Tr 498,906 Fedeml Home Loan Be 1,000,000 7 04% NIA O2r2blm 5047, 1,000,000 I,OW,93tl BNY Wctem Tr I,000,31] FedenV Natuowd MnngiBe nssoclatuan 1,000,0005 25w NIA 0411010A 11 5 25% 0 0 BNY Western Tr 1,000,000 1 Federal Home Lora Bank I,p00,000 4.02e N/A Mims 40:: 1,000,000 996,563 ➢NY Wesern I 995,000 � Pedernl Hotuc Luen Mnrt8a5e Corpo,auon 1,000000 52 T, N/A 06/27/09 521% I,DOO WO I,00I,020 RNy Weston,TV 1,001,SW Federd liowc Loan Rink 1,000,ODU 5.30n N/A 07M109 530% IAW,WO I,OOI,Sfi3 BNY Westcm Tr I,W1.8]5 Fe4er:J llumc Loan Mnk NW,DGG 4.397 ry/A 0]/iS/DA 4 385 SW,UW a99 063 BNY Weaim Tr 498,594 M p Federal dome Loan Bank 1,000,000 S.W9t NIA OS108108 5.00% I WQUW I'MO OT BNY WcSIcm Tr I,W0,313 M FNenl Flame L9m,➢y,k 750 GOO 5Wf„ N/A 10/37/06 5.00% 750,000 750,938 BNY Weslem Tr 750234 Federal Farm Credit Bw WW k 1,000,000 3mq$ NIA 10/29/08 335% 1. U. O 993,750 BNY Wcsmm Tr 99Z.5W N� 9,750 000 I it nm5rep TREASURER'S MONTHLY REPORT 11/2712007 DETAIL OF INVESTMENTS OCTOBER 31, 2007 coupon Ymld M1lusred (memo wdy) Pnm Qv. P&Value ILnc R,tm, MAunty m Manml, Cosy Basis CategOry Total Maikct Value Source Mal'kut Va1uc 11 R Treasury Notes U.S Trrasm,Nu¢ 496,490 4 25% N/A IU/31/07 425% 0 O RNY Wcsrcm Tr 500,156 u , Medium Tenn lnvesunenu f 1 year to 3 erne) 1 Mpngage Pass-lluu 1 Fedcml flume Loan Mort6,ye Corpnnuon 1,800,OW 450'% N/A 11/01/09 507% 45R,R90 461,809 BNY Weatcin Tr 471,819 Fedenl Home Loin Mong,ge Comomuon 3,000,000 5AOS, N/A 02/01/09 509% 236,388 237,503 BNY Wntem TT 2,10,371 1 Federal Home Loan Mongagc Cospoinuon 2,335,000 4 50% N/A 09/01/09 4 86% 615,685 815,378 ➢NY Womm Tr 819 750 1 Federal Home Lam Mongagc Corpumuon 4RO.000 A NIA 04/01/09 SIB% 227,273 230,394 BNY Wedem Tr 25%702 Federal llomc L.Mort gage Cmp,ranon 540,000 35N NIA u6/01/U9 479% 312,43g 315,500 BNY Wcsrcm Tr 326,336 � Federal Home Loan Mongagc Comoranon 570,M 4.507, NIA 09/01/09 5 37: 351,697 356,339 BNY Western Tr 361,677 1 Federal Home Lain Mongagc Corp0mucm 3,000,000 550% NIA 10/01109 5437� 284,477 290,157 BNY Wcrcm Tr 296,259 I Federal Home Loan Mongagc Curpumuun 2,050,000 4 509, N/A 10101/0e 5 03% 399,347 396,519 BNY Wu.wrn Tr 399.940 1 Fedenl Neuoarl Mari...e Asomntion 2,700,000 45U% N/A U1/0III0 491% 586269 590,511 RNY Wenem Tr 599,806 Federal Naumml Men...o Avanciati,, 2,500,000 13" NIA 02101/10 446% 631.619 624,796 BNY Weneru'rr 625,134 1 Fedenl Home Loam Mortgage Corporaum 1,455,000 a50% N/A 02/01/10 522,, 422,046 425,195 BNY Womm Tr 419,977 Fedenl Nadonal Mongagc Associauon I'MD'000 A00 N/A 03/OIII0 512% 366,964 368289 BNY Wetem Tr 377,000 Federal Home Lam Mortyago Cmponnon 2,280,000 A 50^1, N/A 09I01I10 5 29'% 790 414 8n2,762 RNY Wesmm Tr 814.261 1 Federal Home L.M.n,.,e Cmpnmtnn 1,310000 SOU% N/A 09I0II10 535% 4268l1 430.521 BNY Wenem Tr 433,819 1 FeeeN Nauoml Morg,ge Assnciition 500,000 4 00% N/A 10/01/10 4.95% 118 477 220 437 BNY Western T, 230,517 1 Fcdeml Home l,oi,Bank 775,e00 4.75% N/A 10/S/10 49811, 541.637 540,432 ➢NY Wntcm Tr 541 d68 1 71080.833 I U.S Gov tAyenc Sccurities 1 Fcdeml Hnme Lon,Bank 1,000,000 4.00% N/A 11/17/08 4 M,,' 1,000,000 995,000 BNY Womm Tr 993,750 Fcdeml Home Loan Bank 1,000,000 5.25% N/A 02105/09 5 25% 1,000,000 1,001,875 ➢NY Wedcm Tr 1,002,500 Fedenl Home Loan Bank 1,000,000 4 23% N/A 01110/69 4 23% 1,000,000 995,250 ➢NY Wevu rn Tr 995.625 t Federal Home Loan Bank I1W01000 52,5% N/A 02/27/09 525 Te 1,000,000 1,0025M RNY Wgterrl Tr 1,002,613 Federal Homc Loan Mortgage Corpomwm 11000000 338% N1A r14/15/U9 3.65% 989280 985615 BNY Wwtcm Tr 984,375 r Fcdcnl Homo Loan B:mk 1,000.000 650% N/A 07117109 5.50% 0 0 RNY Western Tr 1,W0,625 f6 Fcdcnd Nauoual Mortg.,e k...ution 1,000,000 445'."e N/A 081: 109 4.80% 993,530 997,500 BNY Wesmin Yr 9Y6,875 Fedcrd Nadoml MmrBage Axsneiaupn 1,000,000 4 01% N/A 10/07/09 510% 970,196 992,168 BNY Western Tr 991,250 1 rcdeml Home Lmn M9np,ge COmomt10n 1,000,000 5007. NIA 10/26/09 5 1295 996,871 1,000,070 BNY Wmtnm Tr 1,000,030 1 Federal Farm Crcdh Bank 1,000,000 43% NIA 11/18/09 4 25% I,WU,WU 995,000 BNY Wmmm Tr 994,375 y Fcdcnl Home lam Bank Soo wo 5 00% N/A 111,5109 5 00'w 500,000 500 156 BNY WGtene Tr 500,156 l Federal Home Loan Bank 1,000000 4107, N/A 12/01/09 430% 1,000,000 995111 RNY W,t,m Tr 994,688 /y Federal Nan0nal Mortgage Associaoen INO WO 525,, NIA 1228109 5385, 997JW t 001 250 BNY Western Tr 1,WI,875 Federal Home Loan➢mde 1/000000 435'% N/A 0222/10 435% I,000,00n 995000 BNY Wea¢m lT 99,1,063 1 �. Fcde.W Hone,Loam Mari...e Cmpnrauon IA00.000 5.50% N/A 03/05/10 5.507h I10M.000 1.WO,930 BNY Wstnt Te 1,001,79() 1 Fcdcnd llomc Loan Mon,nge CoMorauon I,000,000 4.05%, NIA 03108110 4.AR;6 982.390 991.130 BNY Wn¢m Tr 989,800 1 Federal llomc Loan Rmk 500,000 4.10% N/A 03/08/10 4,W0; 494.2'13 495,469 ➢NY Wmtmn Tr 0 1 O Fcdcral Farm Credit B,nk 1,000,000 4.80% N/A 05105110 5 15% 986.280 999,053 BNY Wc.m.Tr 999,063 O Fcdeml Farm Credit R,ok 1,000,000 5 38% NIA Oe/04I10 5 cA;, U 0 RNY Wertcm Tr I,000,000 t rcdeml rmm Cmd,B,nk 2,000,000 5 557 NIA 07/16110 5 559 2,000,000 2,003,750 BNY Wertcm Tr 2,005,615 1 c 31 ro&rm Home f,o,e Bank 1 000,000 3307, N/A 07/21110 5 5091 B 0 RNY Weacm Tr OOO,OW 1 17 917,944 1 1 y Va...a, TREASURER'S MONTHLY REPORT , 1127121307 DETAIL. OF INVESTMENTS OCTOBER 31, 2007 I r Coupon Ymld AQryetcd (M..udy) Prmr Qv. Y par Value hate RminB Matuuty m Maturity Cost 8a.s C tegary Total Makd Valuc Source Mm'kcr V.duc 1 Lang iron Invealmcn[ Y (3 ear.toy mrs) ) Y Coryorate Now } BBC Commum,:aoam,Inc 1,000,000 530Tn A2 11/15/10 517% 1,W4150 1,012_60 BNY Wewrn Tr 1,009,650 x Goldmw Sacle,Group,Inc 1,OOO,000 9 W% AA3 01/15/11 5 374 986.120 992,188 BNY We vrm Tr 992900 S I,990.270 4 5 Mortgage Pn,S-Thins Federal llcoa,Loan MortCaCe Corpoiadoo 1 015,552 4.50% NIA 02101/11 5.24% 478 667 478,796 BNY Wa tem Tr 480,721 'y Rom]llama 1 Pan Monpage Co.pora0on 695.000 4007. NIA 04/01/11 5 n'S 396,318 401,010 BNY Weatcrn 1l 403,695 Federal Home Loan Mongagc Corpomdnn 20,Wo d 50^ NIA 05/01/11 5 371, 113'MR 113 554 BNY Wesune 3Y 115 678 'Y 988,022 w L.B.Gov't Agcncy SccunLa, I kcdaml Ilama Lain Bank 750.0ou 5.30e NIA 12I15/10 5.005 747,638 755,391 BNY Western Tr 756328 M FNcml Home Lan dank I,0w= 5.30% WA 02/28/11 5M0 I,W0,000 I,W2,50) BNY Wes[clu Tr 1,003 d36 `C[y Fedenl National Mor0,ayc A--.enema I,OW,Wo 5.3g95 NIA 071GIIII y4T7 996,&0 1002.188 BNY Weswoc Tr 1.000,938 Federal Home Loam Sank 1,000,1300 550" NIA 07/11/11 530% 1000,000 1,001,875 BNY Wdtcra Tr 1,003,E^S Federal Home Loom Sank 2,OOO,000 550"1, N/A 07/27/11 550% 21".0p8 2,013.730 BNY Wetem Tr 2,035,623 Federal Fong Loan Sank I'Cl 5 50 Z NIA 07/27/11 5 507. 110w.000 1,W6,875 BNY We tam Tr 1,U17,813 6 Federal Lowe Loan Sink 2"OW 575% NIA 08/01/11 5.755 2,0W,000 2,016,375 BNY Western Tr 2,020,000 FeOrau home Le..Monpaeo Corporawel 1500.000 565, NIA 02114112 565'a 1,50),00 1,500 M5 BNY Western Tr 11 50,j 10 r Federal Hume loan Mongagc Cmporotloo 1 WO,Wo 550% N/A 09/10/12 550% I,OW,OW I,Bp6,401 BNY Waste.Tr 1,007.331 Fcdeml Home Loan Murtgage CoTmadw 1,000,f%10 53071 NIA 10/16/12 530% I0M." 1.003,790 BNY Wa.tem Tr 0 F e n,ing Carpomoun(rico) 500' W 9 605e NIA U106/18 9 805 498.594 694,219 Naeon.Bank 692,341 Y 12,742,972 Y Y Tnm1 Inaes[ed CavL F 61.145.067 S 81,555,934 S 85,31d 2,53 1 r © A a © r I� 1 TREASURER'S MONTHLY REPORT rrencrcp MISCELLANEOUS AND TRUST ACCOUNTS 11/27/2007 OCTOBER 31, 2007 Yield Adjusted III Par Value Coupon Raring Maturity m Maturity Cost Basis Category Total Total Invested Cash S 81,145,067 $ 81,145,067 $ 81,145,067 Miscellaneous Accounts Petty Cash 3,275 N/A N/A open none 3,275 Revolving Fund•Bank of America 8,599 N/A N/A open none 8,599 Trust&Agency-Bank of America 1,516,583 N/A N/A open none 1,516,583 Government Grant Trust-Bank of America 78,932 N/A N/A open none 78,932 Transportation Grant Trust•Bank of America 0 N/A N/A open none 0 1 Downpayment Assistance(I•Iousing �I Fund)-Washington Mutual 53,556 variable N/A open 0.25% 33,556 Workers Compensation-Bank of America -18,980 N/A N/A open none -18,980 General Liability-Bank of America 8,915 N/A N/A open none 8,915 1.630,880 i Deposits Held In Trust 1 Time Deposits (FDIC Insured) Downey S&L(Cat Cyn Counny Club) 67,986 4 93% N/A 2/11/2008 5,01% 67,986 l Downey S&L(Donovan Bequest) 14,393 4 93% N/A 2/4/2008 5 01% 14,393 P Downey S&L(Palmer Cable TV) 5,240 4 97% N/A 1/18/2008 4.97% 5,240 (I Guaranty Bank(Coyore Springs Apt) 18,890 4.91% NIA 6/24/2008 5.00% 18,890 C t= 106,509 � b t O Total Cash Deposited $ 82,882,456 1 C 1 ti TREASURER'S MONTHLY REPORT „rep BOND ISSUE RESERVE, DEBT SERVICE &RELATED FUNDS I IP7107 OCTOBER 31, 2007 Coupon Y¢Id Adlu ted (memo uNy) Prior Qtr, Par Value Rate Itnunp Mamnty to Metunty Cn•t Rnis Cazcpory Iomi Market Valuc Source Mnket Value 1991197/01/04 COnV.IUOn Ccnmr AN Gwemmvt&A,.,Pmtf Pnvate 4,219296 vw fable AAA open 448 4,219,296 4_19,296 BNY Western Tr 255,17'J AIG WVe3WINt Aymemrnt 1260673 5.56% AAA IIlol/S 53n;' 1,260,673 1280,673 WY Western Tr 1,z80,673 AIG Wvcseucrt Ayrn.-ment 1,290 WO 6.6u% AAA I1/01/21 6687 1,19u,WU 1,290.000 Bw Western Tr 129U,UW MHIA WV.,t cat Aymemem 3,3004U2 5.56% AAA 11/01/35 558;' 3.3W.902 3.3frn.402 9NY Western Tr 3,3W,402 10,090,371 1992106 Anport AM Sbort•Tcrm lnvct Trry Pnvat 1,348,433 vanabk AAA npcn 448w 1,345,433 1,348,433 BNY Westem]T 1287,593 1,348,433 , 1991101 Sind Is-lIowmg AIM Govcmmrnt&Aycnry Portf Privam 4,320 vatuLlc AAA open 448'!d 9,320 4,320 BNY Wes¢m Yr 4,301 I AIG Wvdmrnt Agrcemrnl 466,1U5 5.225 AAA 08/01121 >z2,. 468,105 469.105 BNY Weswra I •165,105 ` 472,45 19941U4 Scnd A&R AN GOvcmmrnt&A3eory Ponf Pnvate 2,3W,657 vanablc AAA open A4y„ 2,30,657 2,3W 657 BNY Westeml, 3,292,733 b01A Wvd=.t ABremnunt 1651,456 517`.S AAA 09101/34 1117 1.651,456 1651,456 BNYWeatem Tt 1,651456 3,952 113 19%08/07 Muloplc CapiUl Fanbtie.Project 1 Cash 21738 21,738 21739 RNY Western Tr 0 ' AIM Govemment&A,=y Portf Pnvate 24,637 vnrn3ble AAA uprn a am 24.637 a,637 RNY Wesmm Tr 50,1'I0 ' 46,376 1999 Airport GARB AIG In mcnt Apr.-Reset vc 56I'M1 5 707n AAA 0110123 5 70% 561 221 561"1 RW Wgtem Tr 561,mi 1 AN Gonmmem Ageacy fool PIIVatc 2A4.119 varin6le AAA opni 4.48% 264,119 294119 RNY Wevmm Tr 242075 8g5,340 V' A C7 ' O O � GJ M I TREASURER'S MONTIILY REPORT trey rep BOND ISSUE RESERVE, DEBT SERVICE &RELATED FUNDS I I 11/27107 OCTOBER 31, 2007 1 I 1 Coupmt Yield Ad1us[cd (memn only) Pane Qu. 1 l'at Value ILL. Raring Mvunry to Mnninty Coat Bass Category Tom I Marl:e[Value Source Market Value I I 1998 Airport PFC AIG Investment Apr.-Reserve 849,728 57Vf AAA 0IN1128 5.71IT 849,728 849,728 BNY Westena rr 849,718 AIM GOyemmCn[&Agency Ponf Private "A'1a2 v,i-ble AAA open 4.48e 444,In2 444,142 BNY Wcs¢m Tr 376,396 1,293 870 1998 Asessmcn[DISRIe[135 A&➢ AM Gnvcmment&Agency Pouf Pnvale 285,733 vamble AAA open 4.48Y 285,733 285,733 BNY Woo:m Tr 184,524 285733 22001 Assessment District 1571158 II AIM Gnvemmen[&Agency Port-Pnvale 181,678 nmhle AAA open 4487. 191678 181,676 BNY Wnmm Tr 191035 181,678 2001 PnrL'ng$tnmmre 1 Caeh 3 3 3 BNY Weswra Tr 3 1 AIM Gnvcmment&Agency P01'[f Prlvatc 33,476 v'mbin AAA open 1 48'Yn 34,476 34,476 BNY Wcs¢m Tr 32,992 1 34 479 2004 A,,mmen[Disuic[161 AIM Gnvcmment&Agceoy Pard Pnvatc 413,702 nriahle AAA open 448% 413,7M 413,702 BNY Wnmm Tr 411149 413?02 2004 A,•,,mem District 162 '1 AM Government&Agency Pont Pllve[e 160,274 nrinbin AAA open 4 48Te 160,274 160,274 BNY Westcnr Tr 159,681 1 160,274 .'005 Aeennmcnt District 164 l AIM Guvemment&Agency Ponf Priam 366,793 v.mnble AAA open 448"; 366,793 366,793 BNY Wmmm rf 365,424 366,793 2007 McrgN Protect Ill&#2 AIM Gnvrmment&Agenry Ponf Privnte 13,749,78Y ...ublc AAA open 448% 13,749,789 13.749,769 BNY Wcswin ft 13,748,= 13 W9 789 locals § 33 241 37A 5 33 241.374 5 30,094,070 O b � O treasrep TREASURER'S MONTHLY REPORT 11/27/07 CALCULATION OF INVESTMENT LIMITATIONS OCTOBER 31, 2007 Allowable Percentages By Maturity: Minimum Maximum Current Mo. 1 day to 365 days $8,000,000 N/A $40,425,126 1 year to 3 years 0.00% 50.00% 30.81% 3 years to 5 years 0.00% 30.00% 18.76% ; over 5 years N/A N/A 0.61% r I By Type of Investment: Bankers Acceptance - in total N/A 40.00% 0.00% Bankers Acceptance - single bank N/A 20.00% 0.00% M w Commercial Paper N/A 15.00% 0.00% r Certificates of Deposit N/A 30.00% 4.33% k w Corporate Notes N/A 20.00% 4.90% W Money Market Mutual Funds N/A 10.00% 0.00% Mortgage Pass Thru's N/A 10.00% 11.43% U-S_ Government Agencies N/A 50.00% 49.80% w U.S. Treasury Notes/Bonds N/A N/A 0.00% N C� M O � trennp 11/27/2007 C.Iculadou of Wnyhwd A,M.a,ty Mnowe Cmrum No OF Day, X Cunt Dore Dare nnya On Call Deposirs 39,3R6 Cl.cknag-Ba&of Alnerlea 3 39,387 39,386 1 2,829,038 Luca Agnnry Invest Fund(LAIF) 39 3R7 39,386 1 21 140.000 Shoe farm mvcammm (I ear or less) Corporate Notes Bear Sroaru.Co 39;178 39,386 92 91,141,640 Wells Fargo Company 39,542 39,396 156 154.922,040 M9rtpnpe pass-Thins Federal Flonle Loan Marry eye Corpnnnnn 39,600 39 386 214 141,298 636 Federal Home Loan Mortgage Corporauon 39,661 39 386 275 16,355,949 Federal llons Loan Morryaye C119rn6on 39,692 39,396 306 127 250,1103 '1 min Dcpeeta Wm1wigton Mu..d Bank(Lrhr.ny'rrust) 39,356 39,3db .30 0 Washington Mutual Bask(Library Tmsp 39 373 19,386 -13 a CD ACCaWar Reyiarry Scrvnc(CDARS) 39A71 39 386 85 40,800,000 Washington MuNnl Bank 39,493 19,386 97 97,000,000 Wastr.ymn Muwal B.mk 39,483 39,386 97 97,000 000 CD Account Regisuy Service(CDARS) 39,646 39 386 260 2441400,000 CD Acc9nnt Registry Service(CDARS) 39,655 ,19,386 267 25,098,000 D.,S.Gov r Aycnry Securities Federal Nauonal Marryayc A_nnnnan 39,367 39 386 .19 0 Fcccrnl Home Loan Bank 39,351 39,386 -5 0 Federal Flame Lon.Bank 39,414 39,386 28 28'auu,oDI) Federal lion.Lu.m B.nde 39,444 39,386 56 58,000,000 Federal Home Loan Bank 39,477 39,380 91 45,500,000 Fcdcral lion.Luan Bmrk 39,506 39,386 120 120.000 000 Federal National Mortgage Associarmu 39,54y 39,366 162 0 Federal home Lu.m Bank 39,609 39,386 "1 223,000,000 Ferler4l hlome Loan Mortgage Corpaiauon 39,626 39,386 240 240,000,000 Federal Homc Loan Ba,n 39.652 39,386 266 '66,000,000 Federal Flame l,mn 0zvk 39,654 39 386 268 134,000 000 Federal Home Loan Bank 39,669 39,386 282 '82,000,000 Federal Herne l,onn➢n.k 39,748 39 3R6 562 271,500000 Federnl Fmn Credit Bask 39 750 39 3R6 364 364,000,000 Q©6Q7�i Irea rep 11/27/2007 C"denlntion of Weighred Avg MALUriiy ❑S."IYcnwry Nales U S Treasury NOV, 39,3H6 39 366 U u Mcdmm 7"rear love.uncni,. (1 year. to 3 ears MorTage Pass-Tluve 1-ederal Home Loam Morrgage CarporaUun 39,753 39,386 367 168,412,630 Federal Honor Lou Mortgage CnMOmtj9, 39 8455 39,386 459 108,501,908 Fcdur"d Home I,Oan Mortgage Corporation 39,873 39,386 487 397,336,156 Federal Home Loan Mortgage Cnrpnmrt9n 39,904 39 395 518 117.727,419 FcdrnJ I1mne boon M9rtgnge Corpmadou 39,965 39 386 579 180,901 567 Federal Home Lou Mortgage Cnrpnnnnn 40,057 39,3H6 671 136.121.115 brdcral Ilume Lmn M9rtpuc Corporation 40,087 39,396 701 199 416,630 Federal Home Loan Mortgage CurpuraUan 40,087 39,386 701 179,941,995 1,cdcml National MmtpaFe ASSOCInr10, 40,179 39,386 793 464,911,579 Federal National Mortgage A.Ssureuren 40,210 39,386 824 520,453,644 Frder"J Moore Lan,Mortgage Corporaton 4p,210 39,38b 824 947,766,258 Federal Nadoeaa Murtgugc A wcr•runn 40,239 39,386 852 312.653.183 1'edenl Home Loan Mortgage Coryomuun 40,299 39,386 913 721 648,183 Pvdcml Ilmnc L. Mnrlguc Corporaton 40,422 39,386 1,U36 442 173,833 Federal National Mcugagc A,xon.umn 40,452 39,386 1 066 2A3,556,555 CCJCraI llemr.I.n:m Rtmlr 40,476 39,386 1,090 590,384,526 U 9 Gov t Agency S[etiht¢s Foacral honor Lean Bank 39,769 39,396 383 383 000,000 Federal Home Loran Bonk 39,&49 39,386 463 463,000,000 Fcde"4 hla:rn Loan 13 mk 39 854 39,386 468 468.000,000 Federal Home Loan Built 39 871 39 386 485 485,000,000 brJera llomc Le+n MartBnpe Corpouuou 39,918 39,386 532 526,296,960 Federal Hontc Lou B.nde 40,011 39,386 625 0 redeml National Mortgage Assoctau9n 40,050 39,386 664 659,703,920 Padeiul Neuon.d Murtgvgc A�ommlien 40,093 39,396 707 690,170,572 rerlenl Home Loan Mortgage Corporaton 4(1,112 39,386 726 723,731,250 Federal Faun Crcdtt Bank 10,135 39,3M 749 749,000,000 Federal Home Loan Banc 40 142 39 386 756 378,000,UUu Fcdcr l Ilnmc Lo in Ronk 40,14H 39 386 762 762.000,000 Federal National Mortgage Assocn.umn 40,175 39 386 789 796,711,900 FeJeml klnme 1,9nn Bank 40,231 39,386 845 845,000,000 Federal Home Loan Mortgage Corporation 40 242 39,386 056 856.000,000 Federal Home Loan Mortgage Corponunn 40,245 39,386 859 843,873,010 Federal Idmne L.m Bank 40 245 39"386 859 474,597,678 Federal Farm Credo Banc 40 303 39 386 917 906 252 760 Federal Farm Credo Bank 40,533 39 386 947 0 Federal Fama Credo Bank 40 375 39 386 939 1,978,000,000 Federal klmtm Lemt Bank -10,3K 39,396 996 0 009OL2 ucasrcp 11/27/2007 CaICWdti01n 01 Wnghmd Avg Matunry Luny Crnn Lnc.tmcnL l 3 Years to 5 vears (20,0,am Nuns. SBC ConN1m11eaL1m1S,Lln. 40,497 39,386 1,111 1,115,610,650 Galdlnw Soda Group,lac 40,559 39396 1,172 1,155,732,64o Mo4nage pass-Thrus Fcdcrei❑amc Iran Mnrtpige Corporation 40,575 39,386 1.189 569 135,063 Federal Home Loan Mai Egagc Corporation 4n,634 39,386 1,248 494,604,390 Rderal Home Loan Mortgage Corporation 4u 664 39,,366 1,278 1114,1162,30H 11 S.Guv L Agency Se[urlhe5 Fcdetal Hama Lora Hmut 40,527 39,386 1,t41 853,054.388 Cedcral Home Loan Bank 40,6112 39„186 1,216 1,216,000,000 Fcdetal National Marts ige As.ndnUon 40,725 39,386 1,339 1,334,500,960 Federal Home Loan Bank 10,735 39,386 1 349 11349,000,000 14dcr.d Flame 1 o in Bank 40 751 39,386 1,365 2 730 000,000 Federal Honvt Loan Balk 40 751 39,386 1,365 1.365,000,000 Federal Home Loan Bank 4n 756 99,386 1,370 1,740,000,000 Fcdcrl come Loin Mart,1,Corporation 40 953 39 3H6 1,567 2,350,500,000 Federal Home Loan Moagogc Cmpoeaoao 41 162 39 386 1,776 1,776,000,000 bcdur.d Hama 1.9 in Morlpape Corporation 41,198 39 3H5 1,812 1,812,000 000 Finanomg Cospmatian(1,1CO) 43,196 39386 3,810 1,899,643,140 Toml Invested Cash 'W,276,730,797 Ibta1 In.tmenia ni Cosl 81,145,o67 WAM m Oaye 524 01 0dQQ?,13