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HomeMy WebLinkAbout11/7/2007 - STAFF REPORTS - 2.H. ���7ALM sA4 o y. -0``F City Council Staff Report DATE: November 7, 2007 CONSENT CALENDAR SUBJECT: TREASURER'S INVESTMENT REPORT AS OF SEPTEMBER 30, 2007 FROM: Craig A. Graves, City Treasurer BY: Department of Finance and Treasury SUMMARY Attached is the Treasurer's Investment Report as of September 30, 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 September 30, 2007 STAFF ANALYSIS: The attached monthly Treasurer's Investment Report is for the period ending September 30, 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. 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, 4/16118, 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. ITEM NO.A City Council Staff Report November 7, 2007—Page 2 Treasurers Investment Report as of September 30, 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 Craig . Graves, City Treasurer A achments: Treasurer's Investment Report 2 ire*rep CITY OF PALM SPRINGS 10122n007 TREASURER'S MONTHLY REPORT SUMMARY OF INVESTMENTS SEPTEMBER 30, 2007 on Call Deposits Ad)usEca Burn Category Total Percentage Checking Account ti 1 988 419 State Pool 19,6d0 t100 4 21,628,419 25,467, Shun'Perm Investments (I vcai m lets') Corpor®Ee Nuns 1 987,760 Murtgage Pass-Thins 1238,596 Tunt,Dq,,�,I, i 014()Utl U 8 Go, t Agencies 10500000 U.S.Treaswy Num� 498,190 19,234 846 22.6d% Mediuni Terri Investments (I year to 3 car S) Mortgage Pass-Thrur 6,412,032 U.S.Gov't Agonnes 22,173,651 Z8,585,683 33.657a Lang Tenn Investmcucs (3 Years to S years) Cnryxvhlr Nules 1 990,270 Mortgage Pass-Thins 1 779 310 U S Gov t Agcoc�cc 11 742 872 15,506,451 19.255. 8 84 955,400 100.00 0 •Same investments made prior m Elie implemunyuor,of Ih, eurrem Invsami nt Pulrcy exceed the 5 year limit antler, TREASURU'S MONTHLY REPORT 10rz2/200 DETAIL OF 1NVLSTMENTS SEPTEM3ER 30, 2007 COupun nrld Adjusted (ammo only) Vrinl Q1r Pm Value R'N Ratink Malunty t9 Mewnq Cmt Bns,. (11c ury Tsml Marlmt Value Suurc, Market V,4ne On Call De OMU _ Chacklog-Rank of Alllcnce 8 Nln ertahle Ann upon 4195 S 7,938419 b S 1966,419 $ 9n0 ffiq Local Agenry Invesl Fund(LAIP) 19,640000 '.'male NIA „pie 5'-3F, 19 640 000 19 631,064 Isle 35 190 000 21 c28 al9 $00s1Term in'cam,enL !1 ear or oA Cm,ama0 Note& Rear Strrrm Co. 1 00010N 4.00% AAI 01131109 4 34 0 990,070 994,170 ONY We corn I 990 170 Wells FjtG.Company IOOO,WO 3.50% Ant 04/w/08 3934 99i,090 989910 ONY Wesern l', 983 uln 1 0-,,/60 Mortgage vase-T.t Fdernl Fiume Lam mortgage Cor,amdn0 2e00,009 4,001 NIA 06/01/08 132% 679,AA1 685 d1 PNY VA.mrn'lr SOS,l IA Fed-rdl 14ume Loan MOagegu Cmpmnrlon 46d,lw0 4,00T. Nln 06/0110e 5 46% 135,026 137 622 HNY wsrmrn Tr 163,075 Federal Flume Loan Mnnl,tge CoTerndnn I u00 Ono 4 00% N/n 09101/08 5 13% 124,09 431,552 ANY we>Iern Tr 500,571 239 d96 Time Dcpovu W-WIlLom Mutual Bank(LNrary Tm,O 500 000 5 169S AAA 19IN107 5 Ifi% 0 0 We h,nB,o„Mutual 0 W➢FI1111k1un Mutual Hank(Ethan'Tma) 500,000 5 20% AAA MiOI107 5 20% 500,000 Son,= W.hlnpmn Mutu:d 0 WmIh1nplOn Muwul Bank(Library Tru t) 1,000000 5.TTT. AAA 10/18/07 1 7 7% 1 ON N0 1,000 am w4 h,ngmn MttnH1 n CD necmttt Regevy 5er'Icc(CDARS) 480000 535% AAA n1124/08 5507. 480,000 4AOON Pam De Or,N.0 Bank 0 WIRDPlIton Mutual Rank 1000,000 524% AAA 117I05108 524% 1,000,000 I,N00W Wnh,ngmn Munlal 11000 NO Wn51110Lwa Muunl Bank 1000,000 524% AAA 02105103 524% 1 000 000 I,000,01n W4ahtnpm11 Mylwd IOWXW CO,A=uunt Regisny Sm'mn(CDAR{) 9a0•Np 5 35% AAA 11711710S 5 50% 940 NO 940 ON Palm De en N91 Prank n CO Aecuunt Regisny Setv.ee(CDARS) 94,000 5.35: AAA 17/24/08 550% 9400 Kum Palm Desert N.0 A,mk 0 5,01=,000 ❑S.Co't Agency Smuntsue Pedeml I In Cm&Rank 1000000 3v4p NIA 061O7107 39a,,, 0 0 Bn'Y Wute,n Tr 9'T/500 FNml Nnrlonal Mortgage nssnch0od 1 No 000 1 50% NIA In/IJ)? 3 50ri, 1,000000 NgeNx ONY Wm,ern'1', 990 um Fcdcrel Home 1,p41t Bank efA'Bm A76% NIA 101''6/07 4767 500,000 499 eaa ONl Wuecn 1, a965a, FNeml Hnme Loan Bank IOWpN 5.00% NIA 11/28/07 5On% 1000 coo IOOD'oug ON) Kn,em t, 9ug a36 Federal Hants Loan Bank 1U110,000 510% Nln [2,28,07 510°F ION 000 1000913 ONY Wexmrn l', 999375 Fcdlra111nme Lau.Bank S00,000 430% NIA 0I130109 430% 50,000 498901, ONY We Vem'Ir •196711) Fec Ored Hnme 1pSn Bank 1 N .mo 5 0491 N/n 02/18/08 50471 I,oDI 1000,312 ONY Wceturn Tr 999 375 Tedeal Nminpal Mortgage 45soc11ltan INN 000 525y5 N/A 01/10/02 525% I,000,NO IWO ON ONY Western Tr IONJBNI FoJnra111ome I-Dnll Bank 1000,000 402% N/A 1)(111NN 40:8, IWO NO 995000 ONYwcstcm Tr 938,750 Tedcml Hmnc Wan Bank ,Om'mo 5.>0•IA Nln 06/13102 5 50°F 0 0 ONY W,tcrn'I'r 1,001 250 Federal Flume Lnnn Mongagc Cmpmadon 1000,000 5 257a NIA OW27105 5 a5 f 1,000,000 1 not 7N RNY We,,.,11 Tr 909 760 Federal Home Loan Bang 1 000,000 d 105 NIA 0712j)08 5 30,1� 1,000,000 1 00I,S75 PNY Wesern I 0 Peeernl Rome Loan Bork 500 000 a 38'r', NIA 07/'-5108 4 357, 500,000 498,594 PNY western 1, 495,938 FNmd Home W,m Bank 1,0N ON 5.00% NIA ng106/05 5 nnT 1 ON NO 1,000,313 RNY wsalero Tr 997 813 Federal Home Wad Bank 1,000 Oun 5.32% N/A n9m5/03 a 33T a 0 BNY wenmm Te 1 000(135 I 10 500 000 IA v"'1eP TREASTfRFR S MONI'HL'r R.FPORT 1Nn2r_°°' DETAIL.OF INVESTMENTS SFP77M3ER 2007 Coupon Yield Ad)u•rcd (memo only) ire,Qtr. Par Vnlne R,,te Ramp hlatuury w Memrny Cu.t B.1 Cau9ory T,ul Mnr,,,Value 5wrac M.,rk.,V,ade 11 5 T,dl Nnu•,s ❑S Trcupry Nme 985 6^ 3 62% NIA 06130107 4 767, 0 0 HNl'wc.gran Tr 99G,Y50 U.S Trnsury Not ng8490 525% NIA 10/31/07 475% 496490 500156 HNY'Wnomn Tr e97,813 498 a9u Medium Term rvceul ear I to 3 eel Mortgage Psss-2'Orm Federal flume Loan Mory;at,c Cmpnrnnnn IBoo 000 4507, NIA 111n1I06 50'7n 4697G1 PW at1819 DNY Wesern l' S5877e F c,dl llom9 Lnnn Mm lgage Cmpnrudon 3NOON 5.00T NIA 02/01/N UHT 23936H 2a0371 DNY Wevernlr 55890 0A4 Nv Jl Herrin Lnnn MnI LL�u:c Corpnrntlan 2,335 000 4 509; MIA DIM1/N 4 HH- 321 8a-/ A39'I50 ➢NY Wc•mrn tr v38 OM1,Fedcldl llome L.-In MOrO,4d Cmpnrndpn dAO tMID 4N% MIA 04/011n9 518A 229 d37 231,750 DNYIAe mIr 252,973 PdiHum,Loan MonCdne Cmponunn SGO,OW 350% NIA OG/nl/09 47915 323,702 326336 BNY Wcxern Tr 352,377 KWeral[{um9 Loan Mnngnnc Cmporne9n 570 000 4507. N/A 09101m9 5 377. 357,0•tl 361 6T1 PNY wcr¢mn Tr 407 59v Pill Home Lnan MnrINLe Cmpomnnn 3,000 000 5 y0% MIA IOIw1u9 5 13; 290,892 29639 brvY wpem Tr p Federal Home Loan Moril Corporal 2 050 000 a 595 NIA 1010120.) 5 03 T 403,366 399,A10 13NY w�amm Tr 0 Pedernl Nazlanal MomBa°e Adeaenfion 2,700," d 4n% N/A 01/01/10 4 vl% 595 617 599,806 BNY Wesm,n T, 666,709 Feeervl Na0on11 Mortgage Adeuciauon 2,50' m 450§ NIA 02/01/10 446% ON 157 1 28 3M1 bN1'w�,viqu Tr G9a,nG F Federal Hamc Loan Mn,V,Corpmanon 1,455,000 4yO'% NIA 02I01/10 G 522% 4'-6,165 234 BNY Wcstdn T, 479,0a4 Mervi Na0unal MortCnge Aeeuv.muon 1,N0,000 4nU8 NIA 03I0l/lu 5 12 T 376,051 377,000 HNY Western Tr U Federsl Home Loan Mm-Ma,Curpomtion 2,230,000 a 50'F N/A OSIOI I10 5 29% tl0'-4l3 377,261 BNY Western Ti 909(G0 Federal Home Laan Mnrry�nC,Comonuon 1 370 000 5 of NIA nu/OIIIO 5 357, 410,124 433.819 ➢NY We ram 1, 0 G 417 n37 ❑S Cnv t Agency Sccunn95 Federal Home lantt Dank 7SO,MO 5.O07. NIA 101n1Dtl 5 00; 750,000 750,234 SN'I W,se,o Tr 'Ia7 H91 redcnl Perm CrWlt Dank I000000 385% NIA 101 3851n 1000000 992,500 BNY w,ycrn Ti 9937in Ccdenl Home lean Bank IOOO,unn 4.00% NIA I017MH .100% 10000ND 993750 BNY'W',N.in Ti HIS ala Federal Homc Lana Dank I,000 ON 525% NIA 02/U510v 525; 1,OW,000 ION25No BNY w�Ftdn T, n Federal Hamc Lodn Dank I,000,UW 4 23% N/A a UI09 113A 1,110= 995,625 BNY wdylern TV 986 Ays Federal Hnmc Loin Bark IIXo'NO 525% NIA 02127/n9 515; 1,00,000 Ip°2,813 BNY Was,=ry Tl 999,063 Federal Hnme Loan Mortgage Corporation I,NOgIXID 338f, NIA 0a1151nv 3v5% 939280 984,375 BNY W'euern'1'1 v71;SO Fed9nl Home Loan Bank 1,° ,Nuj 5 50. NIA 051041n9 5 50% 0 0 BNY Wevern I 999 375 Federal Homc Loen Banl: I,OW,triW 5507. NIA OW17IN 550-; INo NOo INO 625 ➢NY Wevern I 0 Federal N^clonal M9rtvag9 A,.IVI0,1 1 O 0,000 4457. MIA o812mu9 4 POT 993,130 996,tl75 BNY Wcsern Tr 0 Federal Nannn^I MorLLanc As uciall 1 000 000 a Ol T NIA 10/Ol 5 10W 976 1% 99I,nu HNY Wolcrn Tr 0 Fcdmal Home Ln^n Mond Cmpornuon 1,000 000 S.tx1'f NIA In/26/09 5 12'l 996 871 1,000,020 HNY xrilcrn Tr 90a IIn Fcdrral Farm ClHank 1,000,000 a S" NIA 11116109 a 257, 1,0m,000 e94 375 BNY W-win TV 983 a3x ll Home Loa.➢^nk 500000 50011. NIA 11125109 pu0n 500,000 500156 HNY Western Tr 197 IAA Federal dome Lain B^nk I D00 ON 4307, N/A 12,01,09 Y 41).n 1,000 NO 994,638 BNY Wextery Tr 98,1 063 Fe lerdl Ndtmnal Mon0a,Ap,mewuon 1 ON O00 5 25% N/A 12n8m9 5 3A if 997 100 1,001,875 BNY We mrn 0 T, Pedernl Home Lawn Bank Iona NO 435T. NIA 02n2nU 435% I,NW,000 004,0G3 BNY Wesrem T, 981 OG Pederd Hmp=lawn Mortgage Cvrpa,noon 1,OOO,OOn 550% MIA 03/tn110 550% 1,uN0p 1001 Pit) BNY Wt.tern Tr 999310 Federal Rome 1a.e Mortgage Corporatlon 1,000,000 4 05'u MIA 03/08110 4 80% 9A1,390 999 AO° BNY Wcaern Tr 0 Federal Fnnn CrWlt Dank I coo No -60% NIA 05105/10 5 75'71 922;Hn 999,O6. HNY w9elrrn Tr 0 pullFaun Crel plink INo 000 S3tl:i NIA OGIM/lo 55H' 1,000 No 1,000,000 ➢ni w�.m„ti, u FWcnl Tana Credo Hnnk 2 000,000 5 55 A N/A U711 6/10 5 55 u 2 ON NO 2,M,7 G25 DNY We mrn I r 0 Federvl Hamc Lawn Rank IODD 00D 55096 NIA 07ma1) 5509; _1,ono'DIN IOOO LIDO HNY Wrrern Tr 999 n6r 22 I72 051 UT Vwfe 1or22noo7nDFTAIL OF N EISTMENTSRT SFPT2MI3FR.21107 Coupon Ymld Adluved (memo only) Pow por Pir Vnlu c Rate lteiln4 hl nuuty n"hlemnry Co.r lia•1. call"gyluul Marko.vsluc SN= Nllikc1Value Lang Tcrm Inv L11m- f 3 vcac m 5 el Carpormc Noten S➢C Cnnlglumwuonv Inc 1,tft, p 530 Az 11n5110 117% 1004150 Goldman Sdeh Gm, Inc 1,000,000 .1 W% Atli 10080 HNYWcamrn Tr 0 UI/15111 5179� 9S6.LO 992 900 PN\'WcStem'1'r 9939u1 1,99(t,270 M^rt,1.c Pass Thwe Federal Nwanal Mori,,&sonation 500000 4.'%Iw NIA IO101,10 d`JS;, 2307e0 230,SIT PNY Wutrrn Tr 0 Federal Holnc Loan➢nnk 775 000 4 75"; NIA 10/25I10 Y 82; 566,uu0 230,517 ANY We tom Tr SAS 30u Federal home Loan Mortgdyc Cmporaunn 10155i2 450'� N/A W Federal Hnnm Lean M.,,.e Curpomnan 695,000 4.00S N/A ne101/11 522e iyg9l 480,724 PNY wcatcrn Tr 0 Federal Hnme 1,0 1n Mortgage Cmpurauon 200,000 a 10% N/A u5/➢1111 5 W 7 1 an3 685 ➢NY w-.o-in Tr 0 Is 915 115 a78 GNY Wevern Ti 127 3.3 1 773 310 ❑S.Gov r A,.,,,Secvn0u Federal Ho Loan bank 950,1 5.305. N/A 12/15/10 5110% 747638 736329 Frw wcv¢Tn Tr 0 Federal H^mc Loan Bank 1,00000 5.30% NIA 01/28/11 5 30".6 1,000,000 1,003,323 MY Weemen Tr 0 Pederal Nnina .9.nL'e Aesonadon I000000 538', NIA 07/01/11 5A7% 996,6u0 1WO938 ➢NY wnsmm Tr 0 Fedeal Hmm�lnan➢nnk 1,000000 550; NIA 07/11/11 550% 1000,000 1tw31:5 ➢NY Werllh Tl 0 Federal Home Loan➢ank 2,M,M) 5 50% N/A mn,7111 5 50 e x 0(q 000 I wl 125 ➢NY Weamrn n n Pederal Home Luan Bank 1,000,Ow 5 50% N/A 07127111 5 5nF 2 M 000 1,015,,Zilil FNY Wesrem lr u FeJnel Hnme lean Dank 2,000,000 5 75`e NIA OAm1/11 5 757 2 000 wo 2 020 000 PhY western Tr 0 FWcml llom-In.m Mmtyoge Col Vureuon 150Q000 1617. NIA Olnw I2 5[F;, 1500,[100 2020 OW PNY WwIcm Tr 1_v7 g20 Fcdcml Hnme Loin Mortgage Cor9omnpn I11W,000 950Y NIA 09/1011± 5A71 It 000 1,007331 ➢NY wc5lcvh Tr 0 Flnannng Cnrpo[umn(PICO) 500,p00 9 80A NIA OlifthA 9 so11 u96.59u 492,3ii NannnyP.11ik ev7 G55 Totrd lnacelW CeSh 7 2 97A7^2 97• S 81955 an0 S A5 31u 253 5— '/9 117 590 TREASURER'S MONTHLY DEPORT treacrep MISCELLANEOUS AND TRUST ACCOUNTS 10/22/2007 SEPTEMBER 30, 2007 Yield Adjusted Par Value Coupon Raung Maturity to Maturity Cosr Basis Category Total Total Invested Cash $ $4,955,400 $ 84,955,400 $ 84,955,400 Miscellaneous Accounts Petry Cash 3,275 N/A N/A open none 3,275 Revolving Fund-Bank of America 19,080 NIA N/A open none 19.080 Trust&Agency-Bank of America 1,513,207 NIA N/A open none 1,513,207 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 NIA open none 0 Downpaymcni Assisunce(Housing Fund)-Washin-top Mutual 33,556 variable NIA upen 0 25% 33,556 Workers Compensation-Bank of America -62,337 N/A N/A open none -62,337 General Liability-Bank of America 15,971 N/A N/A open none 15,971 1,601.684 Deposits Held In Trust Time Deposits (FDIC Insured) Downey S&L(Car Cyn Country Club) 67,986 4 93% NIA 2/11/2008 5,017. 67,986 Downey 5&L(Donovan Bequest) 14,393 4 93% NIA 2/4/2008 5.01% 14,393 Downy S&L(Palmer Cable TV) 5,240 4977, N/A 1!18/2008 4 97% 5.240 Guaranty Bank(Coyote Springs Apt) 18,890 4 91% N/A 6/24/2008 5.00% 18,890 t06.509 Total Cash Deposited $ 86,663,593 J TREASURER'S MONTIILY REPORT mearep BOND ISSUE RESERVE, DEBT SFRVICE & RELATED FUNDS mr3107 SEPTEMBER 30, 2007 co'.. yield Adjusted (mnao only) 1'uet Qu. Par Value Rate Aaung M.drLy to Matmny Cost Basa Cntegpty ToW Market Value Source MarkeL Value 1991197101/04 Convenuoir Cmur AIM Government&Agee Portf Private 255.179 vanable AAA npen 416"' r5179 255,179 MY Wetem Tr 269,894 AIG lnveetmmt AFleemem 1 280,673 5 35, AAA 111011'_s 5 36,1 1,280 673 1 280.673 BNY Weacm Tr 1,230,673 AIG luvesurnt Agrcetpcat 1,290,000 6 68% AAA 11/01/11 6 68 m 1,290 000 I_90,0W BNY W e tem Tr 1 290,000 MBIA Inves®ent Agre.ero 3,30C)AM 558% AAA 11/01/35 55SS 5.100402 1,300402 BNY Wctcm Tr 3300402 G,l:b,254 I992/06 Airport AIM Short-Term lnvit.Trsy Pnvat 1,297.599 var able AAA npen 4 db% 1,237,598 1,287,598 BNY Western Tr 1 AS4,152 1,.297,598 1991101 Series B-houvmg AN Govcf==L&A2eocy Poaf Pnvate 4,304 variable AAA open 4 46'I 4 304 4304 BNY We trm Tr a 192 AIG lnvcswmt Agrcemeot 469,105 522'n AAA 05/01111 522h 466,105 468,101 BNY West.Tr 468,105 472 409 1994104 Scno.A&B AIM Government&Agency Pord'Private 3;92,733 vanablc AAA open 4-165 5,292 733 3,292 711 BNY Wcstcm Tr 3 326.343 MBLk lnmment Agrc®ent 1,651,4M 5.17 a AAA 0910113u 5 175 1,651 4R, 1,651 456 BNY Wcitem Tr t bm 456 4 944 189 1996198/07 Muluple Capital Facduucs Project AIM Govemmenr&Ageocy Poref Private 50.140 vmmble AAA open 446'% 50,140 50140 BNYWestam Tr 1171.861 AMBAC IuvswenL Agreoneor 1729,669 6.43 n AA W01M 6'0'r 0 0 BNY W stern Tr 1 729 689 5U,140 1998 Airport CARR AIG mvc tmmr ABr -Rcscrve 561.Ml 570% AAA O1/01128 570" 561,221 561221 BNY Western Tr 56l'=1 AM Govemmenr&Ageocy Port'Privatc 242,075 variable AAA Upin 44, 2,12.075 242075 BNY Wecm Tr 149,195 8U3,296 co TREASURER'S MONTHLY REPORT hommp BOND ISSUE RESERVE, DEBT SERVICE & RELATED FUNDS 10122J07 SEPTEMBER 30, 2007 Co.... Yield Adjus¢6 (akemu cnly) Pryor Qtr Par Vyat Rife %6nE Mamnry m M;aunty Cost Bartz Catcgury Tnml Market Value Source Markel Value 1998 Airport PFC AIG Investment Agr.-Rc+crve 849'728 570`% AAA 01 W28 5707, 819729 849.728 BNY Wcs¢m Tr U49,72S ATM Govern uca&AEency PoN'FfteN 376o396 vu.ahlc AAA opnt 4483F 376,396 376.190 BNY W.eWro Tr 231,112 1,226.124 1998 Areeesmenr DsmcL 155 A&8 AIM GovemN[aL&Agency Porn•Privam 234,52A vmablo AAA open 946% 284.624 2K4 Z2 IdN Wmtem Tr 303,358 284.514 200I ASSiMAM.d Dnaiet 1571159 AIM Govemmenr&Agcvy Pnrtr Private 181,035 vuublc AAA open 4.16 161.035 161 035 BNY Western Tr 176,950 181 035 20112 Parking$WeNre Ca.h 3 3 3 BNY Weswin Tr AIM Gevernntcal&Agmry Pelf Prvam 32,99E variable AAA opc0 4 46% 32 9T 32 992 RNY Westin Te d3 433 31995 2W4 Amcssmeat Dutnct 161 AN Govtnubmt&AEm;Y PortfPrivam 412,149 variable AAA open 446'K 412,119 912,119 BNY Weaw0 It 411.918 112,149 2004 Assnammt Di[triez 162 AIM Govrrvmmt&AEency PORT Pnm4te 159,681 '61ble AAA opni 4 46. 159,631 IS9,681 BNY Wermm Tr 277,656 139 681 2005 Ace anent DZU101 164 AIM Govertmtut&Agency Ponf Private 365,424 vuublc AAA opcn 44646 365424 365,424 RNY We5ttin7Y 561,87.1 2007 Merged Pror ect y1&X2 AIM Govemmme&Agency ford Pnv.N 13 748,252 ridable AAA oprn 4 db% 15.746,252 13.74d 232 BNY Wemm Tr 0 13 748'SE TooaLa 9 30.099 065 S_30.0JT4.068 S 19,538 245 treasrep TREASURER'S MONTHLY REPORT 10/22/07 CALCULATION OF INVESTMENT LIMITATIONS SEPTEMBER 30, 2007 Allowable Percentages By Manarity: Minimum Maximum Current Mo. 1 day to 365 days S8,000,000 N/A $40,863,266 I year to 3 years 0.00% 50.00% 33.65% 3 years to 5 years 0.00% 30.00% 17.67% over 5 years N/A N/A 0.58% By Type of Investment: Bankers Acceptance - in total N/A 40.00% 0.00% Bankers Acceptauce - single bank N/A 20.00% 0.00% Commercial Paper N/A 15.00% 0.00% Certificates of Deposit N/A 30.00% 4.12% Corporate Notes N/A 20.00% 4.67% Money Market Mutual Funds N/A 10.00% 0.00% Mortgage Pass Thru's N/A 10.00% 11.09% U.S. Government Agencies N/A 50.00% 52.28% U.S. Treasury Notes/Bonds N/A N/A 0.59% w 4 Calcilla1i011 of Weighted Avg Mamnry Maturc Curren[ No Of Day5 X Cost Dare Date Days 39,355 39,356 39,355 1 1,988,419 39,356 39,355 1 19,640,000 39,478 39,351 123 121,852,410 39,542 39,355 187 185,707,830 39,600 39,355 245 166,460,671 39,661 39,355 306 41,318,039 39,692 39,35,5 337 142,934,782 99,529 39,355 -26 0 99,356 39,355 1 500,000 39,373 39,355 18 18,000,000 39,471 39,355 116 55,680,000 39,483 39,355 128 128,000,000 39,483 39,355 128 128,000,000 39 646 39,355 291 273,540,000 39,653 39,355 298 28,012,W0 39,240 391355 •115 0 39,367 39,355 12 12,000,000 39,381 39,355 26 13.000.000 39,414 39 355 59 59,00MOO 29,444 39,355 89 89,000,000 39,477 39,355 122 61,000,000 39,506 39,355 151 151,0()O,WO 39,548 39,355 193 193,000,000 39,609 39,355 254 254,OW,000 39,612 39,355 257 0 39,626 39,355 271 271,000,000 39,652 39,355 297 297,Opp,OpO 39,654 39,355 299 149,500,000 39,668 39,355 313 313,000,000 39,696 39,355 341 0 Calculation of Weighted Avg Maturity Mature Curtcnt No. of Days X Cost Date Dntc Days 39 355 39,263 391355 -92 0 39,386 39,355 31 15,453.190 39,753 39,355 398 186,964,794 39,845 39,355 490 117,285,415 39,873 39,355 518 4,10,896,684 39,904 39,355 549 126,070,653 39,965 39,355 610 197,458,206 40,057 39,355 702 250,642463 40,087 391355 732 212,933,068 40,067 39,355 732 295,264,058 40,179 39,355 624 490,788,672 40.210 39,355 855 543,059,474 40,2I0 39,355 855 364,371,494 411?3M 39,355 8M3 332,053,324 40,299 39 355 944 757,949,995 40.422 39,355 1,067 459,369,055 39,74M 39,355 393 294,750,000 39,750 39,355 395 395,000,000 39,769 39,355 414 414,000,000 39,849 39,355 491 494,000,000 39,854 39,355 499 499,000,000 39,871 39,355 516 516,000,000 39,918 39,355 563 556,964,640 39,937 39,355 582 0 40,011 39,355 656 656,000,000 40,050 39,355 695 690,503,350 40,093 39,355 738 720,432.648 40,112 39,355 7,51 754,634,375 40,135 39,355 780 780,000,000 40,142 39,355 787 393,50(/,000 40,148 19,355 793 793,pU0,000 40,175 39,355 820 817,622,000 40,231 39.35.5 876 876,000,(M 40,242 39,355 887 987,000,000 40,245 39,355 890 874,327,100 40,303 39,355 948 936,889,440 40,333 39,355 978 978,000,000 40,375 39,355 1,020 2,040,000,000 40,382 39,355 1,027 1,027,00Q000 12 Calculation of Weightcd Avg Maturity Mature Currant No. of Days X Cost Date Date Days 39,355 40,497 39,355 1,142 1,146,739,300 40,558 39,355 1,203 1,186,302,360 40,452 39,355 1,097 253,121,506 40,476 39,355 1,121 612,514,770 40,575 39,355 t,220 587,190,612 40,634 39,355 1,279 511,537,406 40,664 39,355 1,309 150,423,198 40,527 39,355 1,172 876,231,130 40,602 39,355 1,247 1,247,000,000 40,725 39,355 1,370 1,365,396,800 40,735 39,355 1,380 1,380,000,000 40,751 39,355 1,396 2,792,000,000 40,751 39,355 1,396 1,396,000,000 40,756 39,355 1,401 2,802,000,000 40,953 39,355 1,598 2,397,000,000 41,162 39,355 1,807 1,807,000,000 43,196 39,355 3,841 1,915,099,554 46,774,875,107 Total Investments at Cost 84,955,400 WAM in Days 524,01 13