HomeMy WebLinkAbout4.1 Treasurer's Report 09-30-1992 a
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CITY OF DUBLIN
AGENDA STATEMENT
MEETING DATE: October 26, 1992
SUBJECT Olity Treasurer's Investment Report as of eptember 30, 1992 •
EXHIBITS ATTACHED:City Treasurer's Investment Report prepared by
Phillip S. Molina.
RECOMMENDATION :Accept the Treasurer's Investment Report.
Attached is the Investment detail list as of September 30, 1992. The report
shows that the City's investment portfolio totals $16,299,171.88. This is a
decrease in the amounts invested when compared to the City's investments of
last month of $600,000. The City has not yet received the refund from the
State's Condemnation fund of the $1,008,600 held in the condemnation fund for
the Dublin Boulevard Extension property purchased this year. Once received, this
amount should be reinvested.
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.
City of Dublin
City Treasurer's Investment Report
September 30,1992
interest
Institution Type of Amount rate of maturity
Investment invested investment date
State Treasurer LAIF $14,286,000.00 * 4.987 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 $16,299,171.88
PRIOR PERIOD INVESTED $16,899,171.88
increase(decrease) ($600,000.00)
weighted average yield next month 5.441%
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
including 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.
COPIES TO:
ITEM NO. 441
CITY CLERK
FILE I 131210 M O