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HomeMy WebLinkAboutItem 4.03 Invest Rpt 3rd QtrG~~~ OF DU~~G 19' " ~~ ,82 \~~~~i `~'1L1~~~~ STAFFREPORT CITY CLERK DUBLIN CITY COUNCIL File #^~^2.^0 - 3^^0 DATE: May 18, 2010 TO: Honorable Mayor and City Councilmembers FROM: Joni Pattillo, City Manager SUBJEC : City Treasurer's Investment Report for 3rd Quarter 2009-2010 Prepared By: Pau/ S. Rankin, Administrative Services Director EXECUTIVE SUMMARY: The City's investment portfolio totals $94,406,103 (par value). As of March 31, 2010, funds were invested at an average yield of 2.232%. The portfolio includes both discretionary and restricted funds and the balance will fluctuate throughout the year. The report presented provides background on the City investment portfolio as well as the investment results as of March 31, 2010. FINANCIAL IMPACT: Investments are made in accordance with the City Investment Policy and State Law. Interest earned is apportioned between the Funds (i.e. General Fund, Gas Tax Fund, etc) based upon the proportionate share of the total cash balance. The current earning rate is projected to be consistent with projections used in the current Budget. RECOMMENDATION: Receive the Quarterly Investment Report. ~~yb.~'~------~' Submitted By: Administrative Services Director Reviewed By. Assistant City Manager Page 1 of 4 ITEM NO. -i •~ DESCRIPTION: The format of the quarterty report consists of the following components: Section I - 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 3rd QUARTER RESULTS As shown on the Portfolio Summary the total investments as of March 31, 2010 were approximately $94.4 million. The "Yield to Maturity" was calculated at 2.232% and the weighted average maturity of the portfolio was 367 days (1 year). 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 207 days. The Market Value as of March 31, 2010 was approximately $1.3 million more than the Par Value (Par Value =$94,406,103 and Market Value =$95,705,828). 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. 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. Page 2 of 4 Table 1: COMPARISON OF PORTFOLIO MEASURES Most Recent Five Quarters As noted in Table 1, the total portfolio is approximately $9.4 million less than one year ago. The total portfolio will fluctuate befinreen fiscal years based upon: planned expenditures, fluctuations in revenue collected, and differences in timing of both revenue and expenditures. Expenditures for Capital Projects are largely responsible for the decrease compared to one year ago. Significant projects have incurred expenditures during the past year including the following: City Maintenance Facility Acquisition; Fallon Sports Park; Heritage Park Development; and the Interstate 580/ Fallon Road Interchange. The average maturity of the investments held has decreased over the past year from 2.65 years to 1 year. This is in part a response to the interest rate environment and the lack of attractive interest rates. Current projections made by investment managers suggest that increases in the Federal short term rates are not expected until later this year. Many portfolio managers have maintained a shorter maturity in order to be in a position to invest at higher rates when the market conditions change. This will need to be balanced with the need to maintain diversity in the City portfolio. INVESTMENT ACTIVITY DURING THE THIRD QUARTER This report discloses changes in individual securities due to Maturities, Called Securities, and New Investments. A total of $ 9,000,000 in securities either matured or were called during the quarter. As shown below one transaction was due to a maturing investment, and two securities were called prior to their stated maturity dates. TABLE 2: INVESTMENTS MATURED DURING THE THIRD QUARTER '~ FHLMC = Federal Home Loan Mtg Corp; FNMA = Federal National Mtg Assn No new investments were purchased during the third quarter. 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 March 31, 2010, 52.6% of the portfolio was immediately available in the Local Agency Investment Fund (LAIF) and Money Market instruments; this is a 9.5% increase from the percentage reported as of December 31, 2009. Page 3 of 4 TABLE 3: INVESTMENTS CALLED DURING THE THIRD QUARTER • Federal Agency Securities represented 47.3% of the Portfolio, which is a 10% decrease from the percentage reported as of December 31, 2009. • There was diversity in the issuers of the federal securities held in the portfolio. A total of four different issuers were represented. (FNMA-21 %; FHLB - 56%; FFCB-10% and FHLMC-13%). • 68% of the funds are invested for one year or less compared to 58% reported in this category as of December 31, 2009. • 17% of the funds are invested in securities with maturities of 3 years or more, compared to 18% reported in this category as of December 31, 2009. MONTHLY TRANSACTIONS Section III of the Report provides a list of transactions related to investments in the City portfolio for each month of the third quarter (January, February, and March). 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. For Budget purposes the Fiscal Year 2009-2010 Budget assumed that LAIF would continue to generate a rate of at least 0.75%. As noted below the rate for the third quarter did not achieve this threshold. The following Table shows the deterioration in short-term rates at LAIF over the past year and they have continued to decline, however, they remain higher than other short-term investment options. TABLE 5: Local Agency Investment Fund (LAIF) Quarterly Rate March 31, 2009 ~ 1.91 % ~ March 31, 2010 ~ .56% ~ The current trend in the market has been continued lower interest rates. of Federal Agency Securities there have been fewer new issues and m those of securities currently held in the City portfolio. Overall the rate portfolio is at a level slightly above the projection used for the adopted quarter still remains. NOTICING REQUIREMENTS/PUBLIC OUTREACH: None ATTACHMENTS: In terms of new issues ost are at rates below earned by the current budget, however one 1. Quarterly Investment Report for the Period Ending March 31, 2010 Page 4 of 4 fd~ i ~ CITY OF DUBLIN QUARTERLY INVESTMENT REPORT Third Quarter Fiscal Year 2009-2010 March 31, 2010 Presented To City Council May 18, 2010 Section I - 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 X~r~~~~ ~,~ ,~~1~-1Q ATTACHMENT 1 ~,; o~ Da~ 9~(£~1=_ _=~N7,82 ~~.~~~.~/I ~~ IFC?R~* Investments Money Market LAI F Calif Asset Mgt Pgm (CAMP) Federal Agency Coupon Total / Average CITY OF DUBLIN Portfolio Management Portfolio Summary March 31, 2010 Par Market Value Value Days to YTM/C Mat./Call 365 Equiv. 1 0.010 1 0.560 1 0.170 436 4.097 cvr ~.c~~io Cash and Accrued Interest Accrued Interest ~'~ 466,522.52 47,574.99 47,574.99 47,574.99 0.05 1 49,647,756.02 49,647,756.02 49,647,756.02 52.59 1 55,772.02 55,772.02 55,772.02 0.06 1 44,655,000.00 45,954,725.00 44,727,858.71 47.30 775 $94,406,103.03 $95,705,828.03 $94,478,961.74 100.00% 367 Total Cash and $94,406,103.03 Investments Value Book % of Term / Value Portfolio Days 466,522.52 $96,172,350.55 $94,945,484.26 367 207 2.232% 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. ~d~ ~ . ~,~'~'~----'., ~! 3O Z~l~? PAUL S. RANKIN, ADMINISTRATNE 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). ~ ~ ~ 1 City of Dublin Portfolio Management Portfolio Details - Investments March 31, 2010 CUSIP Investment # Issuer Purchase par Value Market Value Book Value Coupon Days To Days To YTM ~ Maturity Date Rate Maturity Call/Mat Cost Date ~ ~ .- f~Cl : . ~~,., , ~.. . ~' , . ,... ,~:. .: ..~. :' ~ :; ~,% ~ .; .:.. . ...•. . ~ . ; ,~ .,. -, M,~ ~~' ~ v' , r~.~~ ~.c~ `~\~ ~ ,, `.~Z~:. ~>.. ~~ " . . ,~,~ .o''. . ~~; f , .i.r~ ~ r ~ ,a.,,,3.. ., .:, CAMP California Asset Management Program 55,772.02 55,772.02 55,772.02 0.17 1 1 0.17 N/A LAIF LAIF 49,647,756.02 49,647,756.02 49,647,756.02 0.56 1 1 0.56 N/A ~ ~, .:, .~ , . . , . , , ,,. _ ~.: i , . :: .... ..; . ~~. r . u .-. ~ r y x- :.~,~ v4. , iii., M / '~ .a--n - . . .. ~'a~* ~ > .; ~ ; ., ...\ ; C. . .: _ - -~ ;. . i.. ~" ~ - e : ~ .. . ,, .e . . . ,i, s . . . i. i. . . .. ~. . . .... . . ,. . . . . .. , / i, . .:'o ~ ..S T' '~.... ` . . u~ .~... ::,~i~ . i.i . .•' ...,n ..!,.,.. . .. ....... /~ L1FEQ ltl ipx'iL ,1, ~ ::. . , . , ~, 's~ ,^a ~ ~: ~ ~ ~ ' ; ~~ ~ '~~ % % ~ /~ : i G r ~ : " l~ ~ \ ~> ~~" wFd c~ ~ ~ p P ~' ~ ~ /' \ J~4 ' N / n~r l ~ : . . `~ . , UNION ., . , .. . , . .. . . ., . . . . .., . , ._. „ . . ,.,. .,. , „-. Fidelity US Govemment Portfolio , . i , ~ . ::; ~.~.:,: , . . ... ~n • . ": i ~ ...... , -;, , 47,574.99 47,574.99 47,574.99 . - 0.01 . 1 ~ 1 J/~ .: ~ 0.01 N/A ~u~T~t~i1.~~1t #'~~~.~ , , `~ f ~ ~~~ ~: `~ ~~ ~ ; ~~`~~ '~ ~ ' 9 ~i / ~° ~ ~ : y ; ~ ~ , . .. , ., < ..... ,. , , ~ ;. ~, . . ~ , , ~., , - . . .. ,. . „ , ~ : . .~. . . , . u :., . . ~ i , _ : «• U -A ri~ : ; '~ ~';.. ,~ , ,. ,r. ,. 3136F6W54 :;~ ,. .,.. ~ . : ~h~ t .:.,. .... ,::, ~ 10048 ~. ~ , ! r r, y ~ ~ ~, c r ~,. .,,.~. ,ii.,,, . :. , a,,., ,.... „~~.:.: ~.. ,~ , ~.. :..,. . ... FederalNationalMtg Assn , ~' , ~... ~„>.:~. ~ ~ .,,, .. ..~,,. 8/31/2007 ~ , ,;;,r~r ,... .K._... ~~ ~~',. ..,a..:.. 1,500,000.00 ~ ~.,2 _~, ~ r2• ._y^~~, ~ ~ . .. ,.; , , 1,500,945.00 ,a:,. y. ~~~; , ii, - ~:. ~ ...,/,. ...,`\ .. 1,500,001.56 ~ ..~..,:". . 4.81 ~~ ~c ~',.r :,i~.. ,,:, 5 ~. ~ ~ ~~:: . . .. -... 5 t ,:,,. ,.. ; . .. . 4.69032 . \ :~~ . „ ~~: 4/5/2010 31359MA94 10054 Federal National Mtg Assn 9/13/2007 2,000,000.00 2,004,380.00 2,000,130.26 4.75 20 20 4.53007 4/20/2010 31398AQN5 10080 Federal National Mtg Assn 9/12/2008 3,000,000.00 3,006,570.00 3,000,000.00 3.05 28 28 3.04864 4/28/2010 3133XGLE2 10036 Federal Home Loan Bank 1/26/2007 3,000,000.00 3,067,500.00 3,000,383.23 5.125 163 163 5.08024 9/10/2010 3133XQUH3 10069 Federal Home Loan Bank 4/28/2008 1,500,000.00 1,522,035.00 1,500,000.00 3.125 211 211 3.12502 10/28/2010 31331XNE8 10037 Federal Farm Credit Bank 2/14/2007 2,000,000.00 2,074,380.00 2,000,019.68 5.05 307 307 5.04013 2/1/2011 31331XRQ7 10055 Federal Farm Credit Bank 11/15/2007 1,655,000.00 1,721,200.00 1,664,151.34 4.85 343 343 4.24005 3/9/2011 31331XWU2 10049 Federal Farm Credit Bank 8/31/2007 1,000,000.00 1,044,380.00 1,000,478.80 4.8 390 390 4.75026 4/25/2011 3133XQ4C3 10065 Federal Home Loan Bank 4/3/2008 3,000,000.00 3,135,930.00 3,011,117.10 3.5 709 709 3.3003 3/9/2012 3133XKNN1 10041 Federal Home Loan Bank 5/3/2007 3,000,000.00 3,012,180.00 3,000,000.00 5.02 764 33 5.02005 5/3/2012 3133XLEN9 10042 Federal Home Loan Bank 6/15/2007 3,000,000.00 3,031,890.00 3,000,000.00 5.56 807 76 5.56002 6/15/2012 3133XVZ53 10086 Federal Home Loan Bank 12/21/2009 1,500,000.00 1,500,945.00 1,500,000.00 1 996 265 1.69409 12/21/2012 3133XNST7 10058 Federal Home Loan Bank 12/27/2008 2,000,000.00 2,055,000.00 2,000,000.00 4.42 1002 271 4.42003 12/27/2012 3128X1EJ2 10084 Federal Home Loan Mtg Corp 10/14/2008 3,000,000.00 3,194,640.00 3,021,626.06 4.25 1148 1148 4.00207 5/22/2013 3128X7WV2 10074 Federal Home Loan Mtg Corp 6/10/2008 3,000,000.00 3,115,380.00 2,994,278.31 4.05 1167 436 4.11273 6/10/2013 3133XRFL9 10077 Federal Home Loan Bank 7/25/2008 3,000,000.00 3,216,570.00 2,999,817.84 4.25 1171 1171 4.25023 6/14/2013 3133XD6A4 10082 Federal Home Loan Bank 9/26/2008 3,000,000.00 3,231,570.00 3,035,854.53 4.375 1262 1262 4.00007 9/13/2013 31398AZJ4 10085 Federal National Mtg Assn 9/29/2009 3,000,000.00 3,006,570.00 3,000,000.00 3.125 1643 182 3.125 9/29/2014 3133XW2R9 10087 : . ~ ~ ~~~.~'G~~~ ~l~~t'~ ~', ~ .~.,.: Federal Home Loan Bank s n~..,; ~ ~~ • ,,. ,.::; ~. .,, ~ ~:. ?~s~. ~ '°~ ~~ 12/30/2009 ~ 1,500,000.00 : , , . . 1,512,660.00 „ , ; . ° ~ 1,500,000.00 , . ., , 1.5 ~, ~ ~ ... 1735 ~ ' ~., ,.~,. .' 639 ~ , ,.,.. ..~. ~ ~ `~~ 2.95539 _ ,::, . . ,. +~ 12/30/2014 Total / Averege 94,406,103.03 95,705,828.03 94,478,961.74 2.242 367 207 2.23244 W ~~ City of Dublin Investments By Type (March 31, 2010) CUSIP , - ~I(~t~ 31331XWU2 Investment # ~ ~ ~T`. ,. .,, . , E, 10049 Issuer ~ ~~~ , g , , FFCB Face Amount/Shares ~:~ ~, ~`:; ~,~ ~ . 1,000,000.00 Cost Price ~ ~', ;.~ ., . 100.159 Book Value ~,~` ' ~; ; ~ . . , ,; ~ 1,000,478.80 Coupon Rate y ~ ~~. , .. . <,,, 4.8 Maturity Date ~ ~ 4/25/2011 Next Call Date ~~~i,, ' . ~,,,. 31331XRQ7 10055 FFCB 1,655,000.00 101.863 1,664,151.34 4.85 3/9/2011 31331XNE8 10037 FFCB 2,000,000.00 100.033 2,000,019.68 5.05 2/1/2011 FFCB Total 3133XQUH3 10069 FHLB 1,500,000.00 100 1,500,000.00 3.125 10/28/2010 3133XQ4C3 10065 FHLB 3,000,000.00 100.728 3,011,117.10 3.5 3/9/2012 3133XRFL9 10077 FHLB 3,000,000.00 99.993 2,999,817.84 4.25 6/14/2013 3133XD6A4 10082 FHLB 3,000,000.00 101.671 3,035,854.53 4.375 9/13/2013 3133XNST7 10058 FHLB 2,000,000.00 100 2,000,000.00 4.42 12/27/2012 12/27/2010 3133XKNN1 10041 FHLB 3,000,000.00 100 3,000,000.00 5.02 5/3/2012 5/3/2010 3133XGLE2 10036 FHLB 3,000,000.00 100.138 3,000,383.23 5.125 9/10/2010 3133XLEN9 10042 FHLB 3,000,000.00 100 3,000,000.00 5.56 6/15/2012 6/15/2010 3133XVZ53 10086 FHLB 1,500,000.00 100 1,500,000.00 1 12/21/2012 12/21/2010 3133XW2R9 10087 FHLB 1,500,000.00 100 1,500,000.00 1.5 12/30/2014 12/30/2011 FHLB Total 3128X7WV2 10074 FHLMC 3,000,000.00 99.719 2,994,278.31 4.05 6/10/2013 6/10/2011 3128X1EJ2 10084 FH~MC 3,000,000.00 101.03 3,021,626.06 4.25 5/22/2013 FHLMC Total 31398AQN5 10080 FNMA 3,000,000.00 100 3,000,000.00 3.05 4/28/2010 31398AZJ4 10085 FNMA 3,000,000.00 100 3,000,000.00 3.125 9/29/2014 9/29/2010 31359MA94 10054 FNMA 2,000,000.00 100.53 2,000,130.26 4.75 4/20/2010 3136F6W54 10048 FNMA 1,500,000.00 100.285 1,500,001.56 4.81 4/5/2010 FNMA Total Grand Total 44,655,000.00 ISSUERS: FFCB = Federal Farm Credit Bank; FHLB = Federal Home Loan Bank; FHLMC = Federal Home Loan Mortgage Corporation ("Freddie Mac"); FNMA = Federal National Mortgage Association ("Fannie Mae") ~ G~a ~ ~ QUARTERLY INVESTMENT REPORT Third Quarter Fiscal Year 2009-2010 March 31, 2010 Section II - Investment Charts 6 ~~ II INVESTMENT CHARTS FOR THE QUARTER ENDING MARCH 31, 2010 INVFSTMENTS BY TYPE (March 31, 2010) MONEY MARKET Less than 1% FEDERAL S ECURITIES 47.3% LAIF 52.6% CAMP Less than 1% ~ ~' ~ INVESTMENT CHARTS FOR THE QUARTER ENDING MARCH 31, 2010 g~~ I~ QUARTERLY INVESTMENT REPORT Third Quarter Fiscal Year 2009-2010 March 31, 2010 Section III - Listing of Monthly Investment Transactions City of Dublin Cash / Checking Activity Report January 1, 2010 - January 31, 2010 Issuer Transaction Comment Deposits Withdrawals ~nterest Balance Date Received ..~~-, ~ . -x.~~~~-~,~. :~.;.. ~ 55,745.45 California Asset Mana ement Pro ram ~i2si2o~o Interest on account 10.26 55,755.71 Endmg Balance ~ : , v , . ~ T .: ~,s , ,,~z ~ ;, ~~ y Subtotal and ' " ~~~F ~~ . ~ ~ .. , ~ ~-;_ ~` '~ : - -,- ,~. ~ - ,.~ :- ;. ~-_. ~, ,~~ ~ ~„~.~;,, ,~. , Fidelity US Government Portfolio MM ..,~~, H, ~ h., . u.= ~i~si2o~o UB Fee collected 272,534.81 Fidelity US Government Portfolio MM ~i~si2o~o Pa ment of Fees 875 00 875.00 271,659.81 Fidelity US Government Portfolio MM ii2si2o~o Int on inv# 10033 . 75 000 00 272,534.81 Fidelity US Government Portfolio MM ~i2si2o~o Matured inv# 10033 , . 3,000,000.00 347,534.81 3,347,534.81 Subtotal and Ending Balance ~ ~;, ~~ R~ ' q ~y ~ ~ ~ ~ ~ ~ 9 F , ~ ~~ ~ ..,, ;,. .~_. . ~,. a, , ~ . ~ , ~;: .y.~ .:: ;.. .~ .. ~„ ~ .::~ ;, ~ ~:. a..., ~ .., ~ .. .... ~ .:: 40 259 923.79 _AIF 1/11/2010 (2,400,000.00) , , 37 859 923 79 _AIF ii2si2o~o 1,300,000.00 , , . 39,159,923.79 Subtotal and Ending Balance `~ ~~ ~ ~ ~ "~ ~; ° ~ ~ ~k ~ ~~~ ~ ~, ~ ~ ~ ~ ~ , ,:nl ~~ .~~'.> 3 , =\~ \' , u: 3~~`~ ~ .J~. ~1l~~~ ~~~ ~ TOTAL 4,375,875.00 (2,400,875.00) 10.26 42,563,214.31 ~~ ~r City of Dublin Cash / Checking Activity Report February 1, 2010 - February 28, 2010 Issuer Transaction Comment Deposits Withdrawals ~nterest Balance Date Received ,~.~..+.~~,,,.~:~. ~~: . ~~~,;, c~,~..~ ~: ,:~ ~„ ~ E: 55,755.71 :,alifornia Asset Management Pro ram 2/28/2010 Interest on account 8.31 55,764.02 Subtotal and Ending Balance ; ~ y a . ~ . , ~ ~ e~. ` ° ~ r~ ' = ~ ~ ~ ~ , ~ 5 ' ' ~ ~ ~, ~ ~~ z ' ~ ~ ~ ~ ~ ~ .~ ,, . r.. ., , _ ; ;`m~ / , ~~..~. , . ~ , r ` _~: .,. ~,;. .s„ , ..,,, , ~~yf r ; ~i. ~„ 4MyAIRl,.i~ ' ,~:~ ~ , ; y~., ~ ~, ~ .~e• . ~ ~~+~,~~,~r~~+~ ~~,~r ~~t~:.: ~ ~ ~'~ ~. :: ~~.. ~~. :. ~ 3,347 534.81 -idelity US Government Portfolio MM 2/1/2010 Interest on account 13.70 , 3,347 548.51 =idelit US Government Portfolio MM 2/1/2010 Interest on inv# 10037 50,500.00 , 3,398 048.51 =idelity US Government Portfolio MM 2/8/2010 Interest inv# 10059 53,550.00 , 3,451,598.51 =idelity US Government Portfolio MM 2/8/2010 Full call inv# 10059 3,000,000.00 6,451,598.51 =idelity US Government Portfolio MM 2/22/2010 Interest on inv# 10060 49,500.00 6 501 098.51 =idelity US Government Portfolio MM 2/22/2010 Full call inv# 10060 3,000,000.00 , , 9,501,098.51 Subtotal and Ending Balance ~' ~ ~~ `~~~ T ` ~ ~~ °~ %~ ~, ~ ~, ~~, ~~~ ~ ~~ a ..,,~~ ,. ~"~ ~ ,~. ~~:~~ ..AIF ~ ~ ~ h ~,. .~': F . :~ ~~ ~. ~ .. ., ': . _AI F .AIF ~... ~ `~, \. ~..,< 2/3/2010 2/19/2010 1,200,000.00) (2, 300, 000.00) 39,159,923.79 37,959,923.79 35,659, 923.79 Subtotal and Ending Balance ` ,~ ,. . ;, ~ ~ , . . ~ , ~~ " , , ~ ~. ~ ~ , . . ,,., ~~.... ..~, ,~~ ~~ ~ . ~ ~ .~ , ~ , ';~; , w , ~~ ~ s ~. , ~ ~ , , . . . ~~ ~x ~ , ~ ~~-~ ~. ~~ :7~ . TOTAL 6,153,550.00 (3,500,000.00) 22.01 45,216,786.32 -~--__ ~ ~ ~ ` City of Dublin Cash / Checking Activity Report March 1, 2010 - March 31, 2010 Issuer Transaction Comment Deposits Withdrawals Interest Balance Date Received , . ,.. , , ..,, . .,~ ~ : -, ;, ,.2,, , . ~: ;,;;~~. ~ :-F , : 55,764.02 :,alifornia Asset Mana ement Pro ram 3/31/2010 Interest on account 8.00 55,772.02 Subtotal and Ending Balance ~~ ``' ~ ;. , ~. ,,, ~' ~ ~~ ~ri ~, ~.~ ~.. ~. , ~ ~~, ~ ~ ~ _ _ _ R,~ ...._ ~;, ~~ ~, ~ ; ; ~.~;~....~,~ idelity US Government Portfolio MM =idelit US Government Portfolio MM =idelit US Government Portfolio MM =idelity US Government Portfolio MM =idelit US Government Portfolio MM ~idelity US Government Portfolio MM ,~~ ~ A 3/1/2010 3i9i2o~o 3isi2o~o 3iioi2o~o sn5i2o~o Interest on account Interest on inv# 10055 Interest on inv# 10065 Interest on inv# 10036 Interest on inv# 10082 ao,133.75 s2,soo.oo ~s,s~s.oo ss,s25.oo 157.92 9,501,098.51 9,501,256.43 ' 9,541,390.18 9,593,890.18 9,670,765.18 9,736,390.18 ~idelity US Government Portfolio MM si25i2oio Transf to LAIF (9,736,000.00) 390.18 ~idelit US Government Portfolio MM si2si2o~o Interest on inv# 10085 as,s~s.oo 47,265.18 ~idelit US Government Portfolio MM 3is~i2o~o Interest on account 309.81 47,574.99 ~idelit US Government Portfolio MM 47,574.99 47,574.99 Subtotal and Ending Balance ~ ~" `~ ~~ ~~ ~ "` ~ ~ ,~ v _.,. , ~ ~~ g ~ ~~_ ~~ ~f ~• ,:~ ~,, K , v ~.. ~ . ~ ~ TOTAL 16,018,008.75 (11,536,000.00) 52,307.96 49,751,103.03 ~.._. ~--... ~ .s..o