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Home My WebLink About4.04 Investment Rpt 2nd Qtr~~ ~- ~ -~ 1 ~~:~/.~' CITY CLERK File # ^~~-~~ AGENDA STATEMENT CITY COUNCIL MEETING DATE: FEBRUARY 17, 2009 SUBJECT: ATTACHMENTS: City Treasurer's Investment Report for 2nd Quarter 2008-2009 Report Prepared by Paul S Rankin, Administrative Services Dir. ~~'" 1. Quarterly Investment Report For The Period Ending December 31, 2008 RECO~~LV>~,ENDATION: Receive the Report FINANII,C~~IA~~L STATEMENT: See Report DESCRIPTION: The attached Investment Report details the City's investments as of December 31, 2008, in accordance with the requirements for reporting investments. QUARTERLY REPORT FORMAT The format of the quarterly report consists of the following components: Section 1 -Portfolio Information Portfolio Summary (Includes the Par Value; Market Value; and Yield) Portfolio Details (Includes a listing of individual securities and investments) Investments By Type (Includes: a listing of Federal Securities including call date if applicable) Section II -Investment Charts Section III -Listing of Investment Transactions by Month 2nd QUARTER RESULTS As shown on the Portfolio Summary the total investments as of December 31, 2008 were approximately $120.3 million. The "Yield to Maturity" was calculated at 3.661 % and the weighted average maturity of the portfolio was 940 days (2.58 years). The report also displays the weighted average maturity based on the "Call Date". If all securities were assumed to be called the portfolio average maturity drops to slightly more than one year at 387 days. The Market Value as of December 31, 2008 was approximately $ 4.1 million more than the Par Value. (Par Value = $120,350,694 and Market Value = $124,506,990) The Par Value is the "face value" or principal amount at maturity of the note or bond. The typical investment approach used by the City is to hold investments until maturity. The City does not actively sell securities prior to their maturity. In the current market, the premature liquidation of a security would result in less interest income upon reinvestment, diluting any gain achieved from selling the investment prior to its stated maturity. COPY TO: Page 1 of 3 ITEM NO. ' G:\lnvestments\FY 2008-09\OQtr2Dec 2008 Report\Ag_Stmt_2ndtQtr dec_08.doc ~~is CITY OF DUBLIN QUARTERLY INVESTMENT REPORT Second Quarter Fiscal Year 2008-2009 December 31, 2008 Presented To City Council February 1.7, 2009 Section 1 -Portfolio Information • Portfolio Summary (Includes the Par Value; Market Value; and Yield) • Portfolio Details (Includes a listing of individual securities and investments) • Investments By Type (Listing of Federal Securities including call date if applicable) Section II -Investment Charts Section III -Listing of Monthly Investment Transactions T.~-~., ~ y~4 z~, r~~~ Attachment 1 The following Table displays the comparative results based on information in the Portfolio Summary for the most recent five quarters. This allows for a comparison to the most recent quarter as well as the same three month period one year ago. COMPARISON OF PORTFOLIO MEASURES Most Recent Five Quarters 2007/08 2007/08 2007/08 2008/09 2008/09 Portfolio Quarter 2 Quarter 3 Quarter 4 Quarter 1 Quarter 2 Measure {October - (Jan - (March - (Jul -Sept (Oct -Dec Dec 2007} March 2008) June 2008 2008 2008 Par Value $107,554,065 $118,018,240 $124,192,095 $115,358,346 $120,350,694 Average 1,023 days 649 Days 691 Days 948 days 940 days Term (2.80 yrs) (1.78 yrs) (1.89 yrs) (2.6 yrs) (2.58 yrs) Yield To 4.48% 4.046% 3.579% 3.740% 3.661% Maturit /Call As noted in the Table the total portfolio is approximately $12.8 million more than one year ago. The total portfolio will fluctuate throughout the year. In February 2008, pursuant to a funding agreement with the Lin family the City received approximately $11.2 million to finance the construction of the Fallon Road / Interstate 580 Interchange Project. The majority of these funds will be expended in Fiscal Year 2008/09 as construction proceeds. The average maturity of the investments held also decreased over the past year from 2.80 years to 2.58 years. However, when comparing the indicators with the most recent quarter to the June 2008 results, the average term has increased, and there has also been an increase in the yield. The longer term trend has been a decline in interest rates from one year ago. INVESTMENT ACTIVITY DURING THE SECOND QUARTER This report discloses changes in individual securities due to Maturities, Called Securities, and New Investments. One security was called by the issuer before its stated maturity. None of the investments held were scheduled to mature during the quarter. The details related to the called investment are shown below: INVESTMENTS CALLED DURING THE SECOND QUARTER Original Date Maturity Coupon T e~ Ac uired Par Value Date Rate Call Date FHLB 4/28/2008 $1,500,000 10/28/2010 3.125% October 28,2008 TOTAL $1,500,000 Staff purchased one new investments during the quarter with a combined par value of $3 million as outlined below: INVESTMENTS PURCHASED DURING THE SECOND QUARTER Effective Yield Date Value at Maturity Coupon with T e* Ac uired Maturi Date Rate Premium/Discount Call Date FHLMC 10/10/2008 $3,000,000 5/22/2013 4.25% 4.00% N/A Total $3,000,000 * FHLB =Federal Home Loan Bank; FFCB =Federal Farmers Credit Bank; FNMA =Federal National Mortgage Association or "Fannie Mae"; FHLMC =Federal Home Loan Mortgage Corporation "Freddie Mac" G:\Investments\FY 2008-09\OQtr2Dec 2008 Report\.4g_S[mt_2ndtQtr dec_08.doc a~3 The security which was purchased does not have any call provision. The effective yield is different than the Coupon Rate because this security was purchased at a premium. The Table above indicates a "coupon rate" of 4.25% and based on the premium paid the actual rate earned by the City will be 4.00%. Securities can sell for either a premium or discount depending on the market on the day the security is purchased. The interest rates available on securities offered in recent weeks have been significantly lower. COMPOSITION OF PORTFOLIO Section II of the Report contains charts which assist with reviewing the portfolio. The Charts focus on key factors to monitor including the investment maturities as well as the composition of the portfolio. The following are key highlights of the portfolio: • At December 31, 2008, 28% of the portfolio was immediately available in the Local Agency Investment Fund (LATE) and Money Market instruments. This is close to the percentage reported as of September 30, 2008 when 26% was invested in short term accounts. The December 2008 report would include funds received from Alameda County for the first distribution of Fiscal Year 2008/09 secured property taxes. • Federal Agency Securities represented 72% of the Portfolio. This is relatively close to the 74% previously reported as of September 30, 2008. • There was diversity in the issuers of the federal securities held in the portfolio. A total of four different issuers were represented. (FNMA-19%; FHLB - 51%; FFCB-18% and FHLMC-12%). • 35% of the funds are invested for one year or less compared to 30% reported as of September 30, 2008. • 33% of the funds are invested in securities with maturities of 3 years or more as of December 31, 2008, compared to 35% reported for September 30, 2008. MONTHLY TRANSACTIONS Section III of the Report provides a list of transactions related to investments in the City portfolio for each month of the second. quarter (October, November and December 2008). This schedule provides compliance with the Government Code requirement to disclose monthly transaction data. It is incorporated as part of the quarterly investment report rather than individual monthly reports. RECENT TRENDS COMPARED TO BUDGET There have been significant downward trends in interest rates. This can be observed by examining the LAIF rate as shown below: Local Agency Investment Fund (LATE) Quarterly Rate Quarter Ending Rate December 31, 2007 4.96% December 31, 2008 2.54% The current trend in the market is to continue with lower interest rates. In terms of new issues of Federal Agency Securities there have been fewer new issues and most are at rates below those of securities currently held in the City portfolio. The economic environment and lower interest rates in general is expected to impact interest income earned by the City. As part of the mid-year report scheduled for the meeting of March 3, 2009 Staff will provide an update to the rates used in the Budget projections. RECOMMENDATION It is recommended that the City Council receive the report. G:\Investments\FY 2008-09\OQtr2Dec 2008 ReporlWg_Stmt_2ndtQtr_dec_08.doc ~~~~ 19~(~~=11'7`82 \\\7~111~//~ ~~ rr~c~v~'~ Investments Money Market LAI F Calif Asset Mgt Pgm (CAMP) Federal Agency Coupon Total Cash and Accrued Interest Accrued Interest ~'~ Par Value 65,839.55 33,574,518.16 55,336.24 86,655,000.00 CITY OF DUBLIN Portfolio Management Portfolio Summary December 31, 2008 Market Book Value Value 65,839.55 33,574,518.16 55,336.24 89,804,705.70 65,839.55 33,574,518.16 55,336.24 86,800,358.02 ~~i~u,sau,e~s.y~ ~ ~cs,auu,sa~.oa 1,006,590.75 Total Cash and $120,350,693.95 $124,506,990.40 Investments Value $120,496,051.97 1,006,590.75 $121,502,642.72 of Term / Portfolio Days 0.05 27.86 0.05 72.04 100.00% 1 1 1 1304 940 Days to YTM/C Mat./Call 365 Equiv. 1 0.990 1 2.540 1 2.480 537 4.097 387 3.661 940 387 3.661 The schedule of investments, including the dates of maturity, provide adequate cash flow liquidity to meet anticipated expenditures over the next six months. The investments and schedule of investments are in compliance with the City of Dublin Investment Policy, and all applicable laws and regulations. PAUL S. RANKIN, ADMINISTRATIVE SERVICES DIRECTOR DATE (1) Accrued Interest represents the portion of interest earned as of the end of the quarter, that will be paid in a future month. Federal Securities typically pay interest twice a year (6 month intervals) and LAIF interest is distributed quarterly approximately 15 days following the end of the quarter. CITY OF DUBLIN Portfolio Management Portfolio Details -Investments December 31, 2008 Average Purchase CUSIP Investment # Issuer Balance Date Par Value Market Value Page 1 Stated Days to YTM/C Maturity Book Value Rate Term Mat./Ca1865 Equiv Date Money Market Accounts SYS10044 10044 SYS10046 10046 Columbia Funds Fidelity US Govt Portfolio Subtotal and Average 1,201,196.00 LAI F SYS10043 10043 LAIF Subtotal and Average 26,019,679.45 CAMP SYS10076 10076 California Asset Management Pr - Subtotal and Average 55,336.24 - - _- Federal Agency Coupon Securities 3128X4C90 10027 Federal Home Loan Mtg Corp 3133XSDP0 10083 Federal Home Loan Bank 3133X98F6 10066 Federal Home Loan Bank 31331XEE8 10032 Federal Farm Credit Bank 3128X2PQ2 10033 Federal Home Loan Mtg Corp 31331YYW4 10061 Federal Farm Credit Bank 3136F6W54 10048 Federal National Mtg Assn 31359MA94 10054 Federal National Mtg Assn 31398AQN5 10080 Federal National Mtg Assn 31398ABT8 10034 Federal National Mtg Assn 3133XJRG5 10035 Federal Home Loan Bank 3133XGLE2 10036 Federal Home Loan Bank 3133XQUH3 10069 Federal Home Loan Bank 3133XQHT2 10063 Federal Home Loan Bank 31331XNE8 10037 Federal Farm Credit Bank 3133XRYJ3 10079 Federal Home Loan Bank 31331XRQ7 10055 Federal Farm Credit Bank 31331XWU2 10049 Federal Farm Credit Bank 31331GCQ0 10081 Federal Farm Credit Bank 3133XHKF8 10039 Federal Home Loan Bank 3133XQJM5 10068 Federal Home Loan Bank 3136F8U37 10059 Federal National Mtg Assn 31331YSJ5 10078 Federal Farm Credit Bank Run Date: 02/07/2009 - 16:52 07/01/2008 0.00 0.00 0.00 2.130 1 1 2.130 65,839.55 65,839.55 65,839.55 0.990 1 1 0.990 65,839.55 65,839.55 65,839.55 1 1 0.990 33,574,518.16 33,574,518.16 33,574,518.16 2.540 1 1 2.540 33,574,518.16 33,574,518.16 33,574,518.16 1 ___ 1 2.540 55,336.24 55,336.24 55,336.24 2.480 1 1 2.480 55,336.24 55,336.24 55,336.24 1 1 2.480 01/10/2007 1,000,000.00 1,006,410.00 1,000,145.16 5.050 775 53 4.940 02/23/2009 09/29/2008 3,000,000.00 3,062,820.00 3,002,724.67 3.375 365 271 3.250 09/29/2009 04/03/2008 3,000,000.00 3,070,320.00 3,024,493.79 3.500 579 306 2.500 11/03/2009 01/10/2007 2,000,000.00 2,073,120.00 1,999,306.25 4.850 1,045 323 4.890 11/20/2009 03/06/2007 3,000,000.00 3,121,800.00 3,006,807.67 5.000 1,060 393 4.770 01/29/2010 03/24/2008 3,000,000.00 3,014,070.00 3,000,000.00 2.625 730 82 2.625 03/24/2010 08/31/2007 1,500,000.00 1,569,840.00 1,502,078.00 4.810 948 459 4.690 04/05/2010 09/13/2007 2,000,000.00 2,094,380.00 2,005,305.66 4.750 950 474 4.530 04/20/2010 09/12/2008 3,000,000.00 3,078,750.00 3,000,000.00 3.050 593 482 3.049 04/28/2010 06/27/2007 2,000,000.00 2,031,260.00 1,993,909.05 5.080 1,052 133 5.321 05/14/2010 02/06/2007 2,000,000.00 2,008,760.00 2,000,000.00 5.180 1,277 36 5.180 08/06/2010 01/26/2007 3,000,000.00 3,204,390.00 3,001,933.48 5.125 1,323 617 5.080 09/10/2010 04/28/2008 1,500,000.00 1,553,445.00 1,500,000.00 3.125 913 665 3.125 10/28/2010 04/07/2008 3,000,000.00 3,000,930.00 3,000,000.00 3.000 1,005 6 3.004 01/07/2011 02/14/2007 2,000,000.00 2,153,760.00 2,000,346.88 5.050 1,448 761 5.040 02/01/2011 08/29/2008 3,000,000.00 3,056,250.00 3,000,000.00 3.720 910 236 3.720 02125/2011 11/15/2007 1,655,000.00 1,780,680.70 1,675,348.52 4.850 1,210 797 4.240 03/09/2011 08/31/2007 1,000,000.00 1,078,440.00 1,001,009.18 4.800 1,333 844 4.750 04/2512011 09/29/2008 3,000,000.00 3,060,930.00 3,000,000.00 4.050 1,095 271 4,050 09!29/2011 11/09/2006 3,000,000.00 3,109,680.00 3,000,000.00 5.250 1,826 312 5.250 11/09/2011 04/09/2008 3,000,000.00 3,000,930.00 3,000,000.00 3.410 1,370 8 3.411 01/09/2012 02/08/2008 3,000,000.00 3,077,820.00 3,000,000.00 3.570 1,461 403 3.570 02/08/2012 (~, 08/21!2008 3,000,000.00 3,057,180.00 3,000,000.00 4.020 1,279 232 4.020 02/21/2012 \~1 Portfolio DINV AP PM (PRF_PM2) 7.1.1 Report Ver. 7.1.1 CITY OF DUBLIN Portfolio Management Portfolio Details -Investments December 31, 2008 Page 2 Average Purchase Stated Days to YTMIC Maturity CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate Term Mat./Ca1865 Equiv Date Federal Agency Coupon Securities 3136F82S3 10060 Federal National Mtg Assn 02/22/2008 3,000,000.00 3,067,500.00 3,000,000.00 3.300 1,461 417 3.300 02/22/2012 3133XQ4C3 10065 Federal Home Loan Bank 04/03/2008 3,000,000.00 3,161,250.00 3,017,706.44 3.500 1,436 1,163 3.300 03/09/2012 3133XKNN1 10041 Federal Home Loan Bank 05/03/2007 3,000,000.00 3,148,140.00 3,000,000.00 5.020 1,827 487 5.020 05!03/2012 3133XLEN9 10042 Federal Home Loan Bank 06/15/2007 3,000,000.00 3,180,000.00 3,000,000.00 5.560 1,827 530 5.560 06/15/2012 31398AGR7 10052 Federal National Mtg Assn 09/10/2007 2,000,000.00 2,051,880.00 2,000,000.00 5.200 1,827 252 5.200 09/10/2012 3133XNST7 10058 Federal Home Loan Bank 12/27/2007 2,000,000.00 2,083,760.00 2,000,000.00 4.420 1,827 725 4.420 12/27/2012 3133XQYC0 10070 Federal Home Loan Bank 05/13/2008 3,000,000.00 3,060,930.00 3,000,000.00 4.000 1,826 316 4.000 05/13/2013 3126X1 EJ2 10084 Federal Home Loan Mtg Corp 10/14/2008 3,000,000.00 3,203,850.00 3,029,464.96 4.250 1,681 1,602 4.002 05/22/2013 3128X7WV2 10074 Federal Home Loan Mtg Corp 06/10/2008 3,000,000.00 3,115,980.00 2,992,504.69 4.050 1,826 890 4.113 06/10/2013 3133XRFL9 10077 Federal Home Loan Bank 07/25/2008 3,000,000.00 3,224,070.00 2,999,808.62 4.250 1,785 1,625 4.250 06/14/2013 3133XD6A4 10082 Federal Home Loan Bank 09/26/2008 3,000,000.00 3,241,380.00 3,047,465.00 4.375 1,813 1,716 4.000 09!13/2013 Subtotal and Average 86,803,177.74 86,655,000.00 89,804,705.70 86,800,358.02 1,304 537 4.097 Total and Average 114,079,389.44 120,350,693.95 123,500,399.65 120,496,051.97 940 387 3.661 Run Date: 02/07/2009 - 16:52 Portfolio DINV AP PM (PRF_PM2) 7.1.1 ~,~°r "~ ti 19~~~~`~ ~\ ~ //f c,,~',~'Ra,v~ CUSIP nvestment # und ssuer CITY OF DUBLIN Investments by Type Active Investments December 31, 2008 Purchase Par Value Price ook Value urrent Rate aturity Date all Call Date Price Fund: General Fund Federal Agency Coupon Securities 31331XEE8 10032 001 Federal Farm Credit Bank 2,000,000.00 99.8880000 1,999,306.25 4.850 11/20/2009 31331XNE8 10037 001 Federal Farm Credit Bank 2,000,000.00 100.0330000 2,000,346.88 5.050 02/01/2011 31331XWU2 10049 001 Federal Farm Credit Bank 1,000,000.00 100.1590000 1,001,009.18 4.800 04/25/2011 31331XRQ7 10055 001 Federal Farm Credit Bank 1,655,000.00 101.8630000 1,675,348.52 4.850 03/09/2011 31331YYW4 10061 001 Federal Farm Credit Bank 3,000,000.00 100.0000000 3,000,000.00 2.625 03/24/2010 03/24!2009 100.0000000 31331YSJ5 10078 001 Federal Farm Credit Bank 3,000,000.00 100.0000000 3,000,000.00 4.020 02/21/2012 08/21/2009 100.0000000 313316000 10081 001 Federal Farm Credit Bank 3,000,000.00 100.0000000 3,000,000.00 4.050 09!29/2011 09/29/2009 100.0000000 3133XJRG5 10035 001 Federal Home Loan Bank 2,000,000.00 100.0000000 2,000,000.00 5.180 08/06/2010 02/06/2009 100.0000000 3133XGLE2 10036 001 Federal Home Loan Bank 3,000,000.00 100.1380000 3,001,933.48 5.125 09/10/2010 3133XHKF8 10039 001 Federal Home Loan Bank 3,000,000.00 100.0000000 3,000,000.00 5.250 11/09/2011 11/09/2009 100.0000000 3133XKNN1 10041 001 Federal Home Loan Bank 3,000,000.00 100.0000000 3,000,000.00 5.020 05/03/2012 05/03/2010 100.0000000 3133XLEN9 10042 001 Federal Home Loan Bank 3,000,000.00 100.0000000 3,000,000.00 5.560 06/15/2012 06/15/2010 100.0000000 3133XNST7 10058 001 Federal Home Loan Bank 2,000,000.00 100.0000000 2,000,000.00 4.420 12/27/2012 12/27/2010 100.0000000 3133XQHT2 10063 001 Federal Home Loan Bank 3,000,000.00 100.0000000 3,000,000.00 3.000 01/07/2011 01/07/2009 100.0000000 3133XQ4C3 10065 001 Federal Home Loan Bank 3,000,000.00 100.7280000 3,017,706.44 3.500 03/09/2012 3133X9BF6 10066 001 Federal Home Loan Bank 3,000,000.00 101.5410000 3,024,493.79 3.500 11/03/2009 3133XQJM5 10068 001 Federal Home Loan Bank 3,000,000.00 100.0000000 3,000,000.00 3.410 01/09/2012 01/09/2009 100.0000000 3133XQUH3 10069 001 Federal Home Loan Bank 1,500,000.00 100.0000000 1,500,000.00 3.125 10/28/2010 3133XQYC0 10070 001 Federal Home Loan Bank 3,000,000.00 100.0000000 3,000,000.00 4.000 05/13/2013 11/13/2009 100.0000000 3133XRFL9 10077 001 Federal Home Loan Bank 3,000,000.00 99.9930000 2,999,808.62 4.250 06/14/2013 3133XRYJ3 10079 001 Federal Home Loan Bank 3,000,000.00 100.0000000 3,000,000.00 3.720 02/25/2011 08/25/2009 100.0000000 3133XD6A4 10082 001 Federal Home Loan Bank 3,000,000.00 101.6710000 3,047,465.00 4.375 09/13/2013 3133XSDP0 10083 001 Federal Home Loan Bank 3,000,000.00 100.1220000 3,002,724.67 3.375 09/29/2009 3128X4C90 10027 001 Federal Home Loan Mtg Corp 1,000,000.00 100.2130000 1,000,145.16 5.050 02/23/2009 3128X2PQ2 10033 001 Federal Home Loan Mtg Corp 3,000,000.00 100.6100000 3,006,807.67 5.000 01/29/2010 3128X7WV2 10074 001 Federal Home Loan Mtg Corp 3,000,000.00 99.7187500 2,992,504.69 4.050 06/10/2013 06/10/2011 100.0000000 3128X1 EJ2 10084 001 Federal Home Loan Mtg Corp 3,000,000.00 101.0300000 3,029,464.96 4.250 05/22/2013 31398ABT8 10034 001 Federal National Mtg Assn 2,000,000.00 99.3594000 1,993,909.05 5.080 05/14/2010 05/14/2009 100.0000000 3136F6W54 10048 001 Federal National Mtg Assn 1,500,000.00 100.2850000 1,502,078.00 4.810 04/05/2010 31398AGR7 10052 001 Federal National Mtg Assn 2,000,000.00 100.0000000 2,000,000.00 5.200 09/10/2012 09/10!2009 100.0000000 31359MA94 10054 001 Federal National Mtg Assn 2,000,000.00 100.5300000 2,005,305.66 4.750 04/20/2010 3136F8U37 10059 001 Federal National Mtg Assn 3,000,000.00 100.0000000 3,000,000.00 3.570 02/08!2012 02/08/2010 100.0000000 3136F82S3 10060 001 Federal National Mtg Assn 3,000,000.00 100.0000000 3,000,000.00 3.300 02/22/2012 02/22/2010 100.0000000 31398AQN5 10080 001 Federal National Mtg Assn 3,000,000.00 100.0000000 3,000,000.00 3.050 04/28/2010 General Fund Subtotal 86,655,000.00 86,800,358.02 Total 86,655,000.00 86,800,358.02 Run Date: 02/08/2009 - 13:03 Portfolio DINV r ~ AP ,,ppV 1 DT (PRF_DT) 7.1.1 Report Ver. 7.1.1 -~....yy' ~1J ~~ ,, QUARTERLY INVESTMENT REPORT Second Quarter Fiscal Year 2008-2009 December 31, 2008 Section II -Investment Charts Attachment 1 i INVESTMENT CHARTS FOR THE QUARTER ENDING DECEMBER 31, 20~ INVESTMENTS BY TYPE (December 31, 2008) FEDERAL SECURITII 72 LAIF 28% CAMP Less than 1 FEDERAL SECURITIES BY ISSUER (December 31, 2008) FNMA FHLI~ 12°/ FFCB 18% FHLB 51% _~~ MONEY MARKET Less Than 1 ~ ~~ ~3 INVESTMENT CHARTS FOR THE QUARTER ENDING DECEMBER 31, 2008 December 31, 2008 -Portfolio Maturities $ao,ooo,ooo $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 $33,695,694 --- _ _ _ -- $9,000,000 ,pu~i,up0 _~~_ ~16.F~S.000 $25,~ ~~ ~~ x.000 $15 ~ ~~ ~ x,000 No Maturity Date (I Yr or Less) (I Yr - 2 Yr) (2 Yr - 3 Yr) (3 Yr - 4 Yr) (4 Yr - 5 Yr) ~'~~3 QUARTERLY INVESTMENT REPORT Second Quarter Fiscal Year 2008-2009 December 31, 2008 Section III - Listing of Monthly Investment Transactions Attachment 1 CITY OF DUBLIN Cash/Checking Activity October 1, 2008 -October 31, 2008 City of Dublin Issuer Current Transaction Investment # Fund Security ID Rate Date Comment Deposits Withdrawals Interest Received Balance Money Market Accounts Fidelity US Govt Portfolio 10046 001 SYS10046 4,346.66 2.230 10/01 /2008 8, 618.24 12, 964.90 1.700 10/01 /2008 12,964.90 1.700 10/06/2008 Int on inv# 10048 36,075.00 49,039.90 1.700 10/07/2008 Int on inv#10063 45,000.00 94,039.90 1.700 10/14/2008 Transfer from LAIF 3,000,000.00 3,094,039.90 1.700 10/14/2008 Purchase inv#10084 3,030,900.00 63,139.90 1.700 10/14!2008 Paid accrued int inv# 10084 50,291.67 12,848.23 1.700 10/15/2008 Fee transaction 875.00 13,723.23 1.700 10/15/2008 UBOC fee collected 875.00 12,848.23 1.700 10/20/2008 Int on inv#10054 47,500.00 60,348.23 1.700 10/27/2008 Int on inv# 10049 24,000.00 84,348.23 1.700 10/28/2008 Partial call inv# 10069 1,500,000.00 1,584,348.23 1.700 10/28/2008 Int on inv# 10069 46,875.00 1,631,223.23 1.700 10/28/2008 Int on inv# 10080 45,750.00 1,676,973.23 Subtotal and Ending Balance 1.700 4,746,075.00 3,082,066.67 8,618.24 1,676,973.23 LAIF LAIF 10043 001 SYS10043 Subtotal and Ending Balance CAMP California Asset Management Pr ___ __ 10076 001 SYS10076 Run Date: 02/07/2009 - 17:04 2.770 10/08/2008 2.770 10/14/2008 Transferred to UBOC 2.770 10/14/2008 2.770 10/15/2008 2.770 10!22/2008 2.770 2.570 10/01 /2008 2.480 10/01 /2008 800,000.00 800,000.00 30,144,000.00 2, 500, 000.00 27, 644, 000.00 3,000,000.00 24,644,000.00 25,444,000.00 263,518.16 25,707,518.16 500,000.00 25,207,518.16 6,000,000.00 263,518.16 25,207,518.16 115.82 54,999.78 55,115.60 55,115.60 C`J Portfolio DIN AP- LP (PRF_LP) 7.1 1 Report Ver. 7.1.1 CITY OF DUBLIN Cash/Checking Activity October 1, 2008 -October 31, 2008 Page 2 Issuer Current Transaction Investment # Fund Security ID Rate Date Comment Deposits Withdrawals Interest Received Balance Subtotal and Ending Balance 2.480 0.00 0.00 115.82 55,115.60 TOta~ 5,546,075.00 9,082,066.67 272,252.22 26,939,606.99 Portfolio DINV AP Run Date: 02/07/2009 - 17:04 LP (PRF_LP) 7.1.1 Report Ver. 7.1.1 `~ ~, ~~'~' City of Dublin ~,~ ~~~ CITY OF DUBLIN - i~~ f/ Cash/Checking Activity 1/ November 1 2008 -November 30 2008 .f>e._ _~Ati ~ r Issuer Current Transaction Investment # Fund Security ID Rate Date Comment Deposits Withdrawals Interest Received Balance Money Market Accounts Fidelity US Govt Portfolio 10046 001 SYS10046 __- - -- 1,676,973.23 1.380 11 /01 /2008 1, 676, 973.23 1.380 11/03/2008 Interest inv# 10066 52,500.00 1,729,473.23 1.380 11/03/2008 Interest inv# 10041 75,300.00 1,804,773.23 1.380 11 /03/2008 407.91 1, 805,181.14 1.380 11/10/2008 Interest inv# 10039 78,750.00 1,883,931.14 1.380 11/13/2008 Interest inv# 10070 60,000.00 1,943,931.14 1.380 11/14/2008 Interest inv# 10034 50,800.00 1,994,731.14 1.380 11/20/2008 Interest inv#10032 48,500.00 2,043,231.14 1.380 11/24/2008 Interest inv# 10084 63,750.00 2,106,981.14 Subtotal and Ending Balance 1.380 429,600.00 0.00 407.91 2,706,981.14 LAIF LAI F 10043 001 SYS10043 2.770 11 /0512008 2.770 11 /18/2008 2.770 11 /19/2008 2.770 11 /20/2008 2.770 11 /26/2008 Subtotal and Ending Balance 2.770 CAMP California Asset Management Pr 10076 001 SYS10076 2.480 11/03/2008 2.480 11 /28/2008 Subtotal and Ending Balance 2.480 25,207,518.16 1, 400, 000.00 23, 807, 518.16 850, 000.00 22, 957, 518.16 450, 000.00 22, 507, 518.16 1, 000, 000.00 23, 507, 518.16 333,000.00 23,174,518.16 1,000,000.00 3,033,000.00 0.00 23,174,518.16 0.00 55,115.60 115.57 55,231.17 105.07 55,336.24 0.00 220.64 55,336.24 Total Run Date: 02/07/2009 - 17:04 1,429,600.00 3,033,000.00 628.55 25,336,835.54 Portfolio DIt~ LP (PRF_LP) AP ~~ Report Ver 7.1.1 CITY OF DUBLIN Cash/Checking Activity December 1, 2008 -December 31, 2008 City of Dublin Issuer Current Transaction Investment # Fund Security ID Rate Date Comment Deposits Withdrawals Interest Received Balance Money Market Accounts Fidelity US Govt Portfolio 10046 001 SYS10046 2,106,981.14 1.380 12!01 /2008 2, 508.41 2,109,489.55 0.990 12/01 /2008 2,109,489.55 0.990 12/10/2008 Interest inv 10074 60,750.00 2,170,239.55 0.990 12115/2008 Interest inv 10077 68,000.00 2,238,239.55 0.990 12/15/2008 Interest inv 10042 83,400.00 2,321,639.55 0.990 12/18/2008 Transfer to IAIF 2,300,000:00 21,639.55 0.990 12/29/2008 Interest inv 10058 44,200.00 65,839.55 Subtotal and Ending Balance 0.990 256,350.00 2,300,000.00 2,508.41 65,839.55 LAIF LAI F 10043 001 SYS10043 23,174,518.16 2.770 12/04/2008 4,100,D00.00 19, 074, 518.16 2.770 12!18/2008 12,200, 000.00 31, 274, 518.16 2.770 12/18/2008 2, 300, 000.00 33, 574, 518.16 2.540 12131 /2008 33, 574, 518.16 Subtotal and Ending Balance 2.540 14,500,000.00 4,100,000.00 0.00 33,574,518.16 Total 14,756,350.00 6,400,000.00 2,508.41 33,640,357.71 Vv Run Date: 02/07/2009 - 17:05 Portfolio DIAP~~ LP (PRF_LP) 7.1.1 Report Ver. 7.1.1