HomeMy WebLinkAboutItem 4.3 Treasurer's Report 08-31-1992 ,r
CITY OF DUBLIN
AGENDA STATEMENT
MEETING DATE: September 14, 1992
SUBJECT :City Treasurer's Investment Report as of
August 31, 1992
EXHIBITS ATTACHED:City Treasurer's Investment Report prepared by
Phillip S. Molina.
RECOMMENDATI :Accept the Treasurer's Investment Report.
Attached is the Investment detail list as of August 31, 1992. The report shows
that the City's investment portfolio totals $16,899,191.88. This is a decrease
in the amounts invested when compared to the City's investments of last month
of $1,600,000. The single biggest draw of cash in August was the payment to
Northwestern Title totalling $1,092,665.66 for the Nohr property. The City has
not yet received the refund from the State of the $1,008,600 held in the
condemnation fund for this property.
Note that the rate of interest on investments in the Local Agency Investment
Fund (LAIF) is calculated on a monthly rolling average. The rate identified for
that investment was effective for the moving quarter average ending August 31,
1992. The Fund pays interest once a quarter. It is managed by the State
Treasurer's Office. The advantage in using this investment mechanism is that
there is no minimum investment period, and the interest earned is determined by
the length of time the deposit remains in the fund during any given quarter
period. The City's portfolio is poised to move into longer maturities as the
rates begin to improve.
The maturity schedule of the City's investments will permit the City to meet its
expenditure requirement for the following month.
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COPIES -TO:
ITEiK NO CITY CLERK
FILE ® 0
City of Dublin
City Treasurer's Investment Report
July 31, 1992
interest
Institution Type of Amount rate of maturity
Investment invested investment date it
State Treasurer LAIF $14,886,000.00 * 5.080 0 0 0 1
Bank of Ca(FHLB Debentures)(2) $223,171.88 7.650 2 18 93 2
Bank of Ca(FHLB Debentures)(2) $490,000.00 7.700 8 26 96 3
Bank of Ca(FNMAY Debent)(4) $1,300,000.00 9.200 6 10 97 4
CURRENT AMT INVESTED $16,899,171.88
PRIOR PERIOD INVESTED $18,499,171.88
increase(decrease) ($1,600,000.00)
weighted average yield next month 5.507%
footnotes
1.and 3. United States Treasury Securities are fully guaranteed
by the U.S. Government.
2. The Federal Home Loan bank consolidated bonds are lawful
investments for all fiduciary, trust, and public funds
inci'uding those under the control of the U.S. Government.
4. FNMAY stands for the Federal National Mortgage Association. Obligations
issued by FNMAY debentures are "lawful investments and may be accepted
as securities for fiduciaries, trusts, and public funds."
5. * = current transactions, but does not show terminated accounts.