HomeMy WebLinkAbout1998-08-04; City Council; 14796; REPORT ON CITY INVESTMENTS AS OF JUNE 30, 1998_.
a
z
.3 V -4
..
E
t4
5 V
0 V
0 0 CITY OF CARLSBAD -AGENDA BILL fl&
IAB# ?!,%%- I TITLE:
A
MTG. 8 -7- 78 REPORT ON CITY INVESTMENTS CITY Am: &
DEPT. TRS AS OF June 30,1998 CITY ma
RECOMMENDED ACTION:
Accept and file report.
ITEM EXPLANATION:
The City’s Investment Policy requires the City Treasurer to report to the City Council on
monthly basis the status of the City’s investment portfolio. This report is presented
Council each month on the investments held.
In summary, the City’s investment portfolio as of June 30, 1998 is as follows:
Investment Portfolio (Cash and Securities)
Current Month Prior Month
Par Value
248,043,524 252,800,819 Market Value (2)
247,559,450 252,207,413 Amortized Cost (I)
247,453,885 252,094,308 Cost of Investments
247,562,652 252,144,072
(1) The cost of investments adjusted for amortized premiums and discounts. 1 (2) The amount at which the investments could be sold. Source of market values is Union
Bank of California’s custodial report as of 06/30/98.
- 1 Interest Income
Current
Current
Income Month FYTD Month FYTD
Month Prior
Cash Income Fiscal 525,214 1 1,638,196 12,163,411 Year-to-Date *
* The cash income received is adjusted for any accrued interest purchased.
5 0 8
PAGE TWO OF AGENDA BILL NO.
Investment Performance
I Average Life
(Years1 Average Yield
I I I April 1998
1.40 June 1998
5.83% 1.44 May 1998
5.859 1.46
5.88%
I 1 I
All investments have been made in accordance with the City’s Investment Policy adopted Jan1
2, 1985 and last revised September 2, 1997. All investments were initially made in accordance \
the City’s Investment Policy. Events subsequent to the purchase might have resulted in sc
investments not being in compliance with the current policy. These events are typically a chang
the City’s Investment Policy or a change in the credit rating subsequent to a purchase. See Ex1
8 and 9 for details.
Investment portfolio has the ability to meet the City’s cash flow demands for the next six
months.
EXHIBITS:
I, Investment Portfolio Breakdown By Book Value, Market Value, Cash Income, and Aver;
Yield
2. Investment Portfolio Breakdown Of Maturities
3. Yield Comparison Graph
4. Cumulative Cash Income Graph
5. Second Quarter Transactions
6. Investment Report
7. Reconciliation of Fund Source to Investment Portfolio
8. Corporate Note and Commercial Paper Ratings
9. Percentage Weightings’ By Corporate Note Issuer
IO. Investment Held Separately - Quarterly Report
% e 0 Exhik
0
0 Fr
0 PC
3 z
E ?i
P El 9
3
b
Ep
00
o\ o\ !+
0- M F! 8 3 5
8 E G
3 J
B
;4 Q Q 4
s E T 8 g 8 G
3 3 a
FJ 3
8 3 g 3
h
0 4
0 Q R E 0
a Q
8
92 4 !3 %E h il 2
$1 39s dg ?5
z
48 i
0 8 g1
4s 3 $1 u*
0 9 4 L 0 !x F,
0 ji Y
E g 8
0 9 B L 5 4k
.E?
F, M 090
Og m4E
8
6
.y
5
$1 8 a
0 8
0
0 9
0
0
0
0
0
3
c.l
m ".
3 2
3 00
", * 0 m
W m 2- K N
3
0 00
:* :- m
3
o\ m m, Ki :- 3
W W 9 m
m Fl
a-
8
0
m 01
r- z
6 ",
E; m-
P4
0 c4 2-
5 2
0 m
", In W ;z- 3
00 2 ci P4 :- 3
m 0 2-
:*
3
Fl
g
W
m ".
W z
P u-l
00 W *
+!
m!
N W x m ** 3
3 0
m 0 rl
W" 0 :- 2
m m
'0..
**
g
s: 3
d r- 3
3 W
0 3
is
2 Li
s w
3 2 :- L3
W 00
00, 3 W 2 r-
0 00 Fl d m :- P
3 m
:*
3 0
r-
0 m
3 00
"*
N F
5
P
m =?
P :
d m
0,
** 3 m
3
d W 2-
2 0
m
* W \o, - 0 :- d
* W 2
3 0
m
* W
Qn 3 0 3 9
8 4
rn
m 9
W :
0 rT,
P m-
0 0 8 2
W"
0 0 1Is- m
0 0 8 00 3
W"
0 0 3 m
g
E s 0
00 2
Vl
IC) m.
-d. 0 mn 3 00
00 3 3 P4 mi, 3
co d 2-
:*
00
00 3 3 N m- 3
00 d :-
3 00
1 m
?I m
ml x
01
21 d
m
00 1 G m
El z
q W
m
E3 u u i a
s 00 m 09 In
s * 00 2
3 3 *- m v3 3
69 2-
* e4 x d
00 d
69 m
0,
m 3 W
0- 0 3 Vl t-4 €4
0 m 3
2 m
* N 69
m 3
** s 2 2 FA
9 E
B
* 0 9 Exhib
dooyq~q~o~q sssssssss s 0 2 oovlu, mQod0 0 0 ZN*
0 CI
3
0
0 3 rz E E E
9 c.c
5
00 m Q\ r(
0- m F 38
5 8 r; ij
$3
Q E 8 6
2
L3 %
$
8 z
3
3 6 e 2
ti
%
h 2
k 4
4 0
0 Q ? 2 4
I
$
E t3
2 c Fa
m P
E m
9 E
g m
0
0
0
0
0 0
00 d '", 3 P4 x 3
0
0
u, d m* 2 3 3
m t- R W 3
00 P 3 0
0, d
m \o 2
3 \o
2
P4 d m, % zn 3
0 0
:* m
00, H d
In 2 \o"
Q.. d
m r-
\o 00
N* 2
0, 9
m \o 3
3 0
d
d \o 'D,
2
N-
d
d
0
0
0 0 2- m
0
0
00 -e 3
3 00
0
0
!!I \D
m
01
01
00 0 3 z- m
m
FA P4
P4 0 00, 5 2 m
FA
0 d
Q,
o?.
+ 0
g e9
s ? m d
s
\j
d
m
-1
3 E
qO.O00mMP*O00 brnN~;\DOd m s
5 Z$2%0 i%c4a 0 In mfi 3 '", n \on *n '1 2 \o T
w
2 x % 2 2- P4* 2 3 m o?.
l+36+* \o m
FA 3
+ 's 7A 7A 8% 9 + s $I u e2eE$s$g cl 8 E$ t3 s g a s
e e Exhib -
z 0
4
0 u
4 m
tfl 2
3
n
F
Frr
GI 7
-66 v2m +?4 2g
k: mIn
0% 7" 84
2- F43
0 &
L
-
-
1% L
- C -a 7
-
.)II 18
- - -3
7 -
- -& -a
- b
-0) \ -F
- .c, 18
- - -3 7 -
- L 19
-cD
-F
-9
- c, 18
-v)
" a3 -
mCVrCDm00I-CDrr) r;
rdrdrd u5YjYjYjYj
< 0 @ Exh il
d) E 0 0 G
c!
U
m 6 Y
0- *
& 6 fi 5 u
A
-
-
I
I
(
I
I
0 0 Exhi'
- 8888W8:=3W ss%sqy, 8MX
$ ---""-- N- N v m m p N r - v)mv)rrNrVV UJr7N-r UJN-
21 h N, - WLn???? p???? ?O? mm---b mm~m 00.-
C;- mm---m coopp 282
rn
000<6<6W6 0 NO-UJ 6~- 2 pJ1 oooo~ob~b~m. ooomtn~mr- Oh-pX-B. E.?;-
* Z- 0?9N.@"O.m- -kN-qv UJ.N.-. I1 rn.~-m-g-m~-?~.%- ~-3~~g-g- ~g-8
w cui 5 N.+----.--%. o.r--mv~ 'o.o-- VNrnrnrn
Oo-dLV-uiggg g-$m&Zlf 882 x 3 ggggg-5 Z7ZZ 8Sd
x RC6G8- ;XbO.- 28R
'9 ~ SK Q~.~$~-Z-N.N--- %-.~.m.-~--. N. ". " N 9 UJ. 9 -- 7- a. 9 N. N
- $6$~gom-a 0tomo-v) snE2co~~~g gsF)gey: &:E gNV 8 NI 2 0 gqF)F)GKJ 8$24 mmUJo 8?G (91 %t:
'i: - g~~Ls8%wg :z;gz: z:z 2 K g rcwommmrn Vwmaa,C! -~IOUJ NWEZ 881: 2 Lo VN
Ea, $gg$$g$$$ $$$$$$ $g$ f ssssss ssss sss q ?y,?a95s3$ ?8asg4 ?G? IN ai$3$ x:s 222 f
gg3 II OOOUJNO OObz
SK IO~UJUJ~OUJU)IOUJ UJW~WUJUI UJUJUJ 5
s: :: 1: 2;
:?p;ggq$ ssqess 888 3 E! w NUJQmNV 0dOddd $$cs g$g - --V%g-sss% 82C8S5: ZSE z 01 $ 88888s ggg: 828
c !y m~~~~oolom oomcocna, amy 3 c 3" !22Tz-z$zS$-$ 88S88P 2- U"0;b-h-al-g- gsgp gzo, g' rnw.--h qo--.o. qfl.0-b.b.m m-qq ,- m~ 4. mwm+-- v-m-k-q 0-rc-o. 71
m C Si g- ? g $ 3 18118m. m-rnrn-m- -*--a- m ui " " VN- N - - - NN V-7
sssssssss ssssss sss
5 [ ggg3@@g Baffssq 2:: ssssss ssss sss
(Dbbbchb ZZ88 Oo0 ooooUJo 00- OUJln~UJLO s
u? N(9eWeW NNOO 5:: 0 N
10 3 " ooov)v)(Dwwo UJ(D~WUJUJ LOUJUJUJUJLO vjuirdd
I ._ - c 88xssgss8 ssssgs 888 8 O 000000 8888 ggg 000000000 000000 000 x E 8.g-8-8.S-8-Z.g-8- 8-8S-8-g-g- g-g-8- 5 888888 0000 ;; 2;) o om oooo oooooo ooo 5 np ogomgsggg 000000 000 I 9 0- " 0. 9 9 m %$s2."N&V-+ U7r-N." ::
000000
90-0-90"? g-8g.g- E-;-;- ;- s:6 &e m
0.0-0-999 990.9 "90. m --.---N ~-mm *N.- 9 ". fi r-
N N zR9 ? -
w m I I I
u- ; zdl %sss@$%s s8shss sss m
c Z$ZSZZ zzz ssssss $$$$ $$$ zzzzzz c?
2 m mm
v
z E a
m gE 9 v)mv)v)v) wwwww 8: 4,n
m r 0 %a pp sEg
IO~=&g5 ss sz+ s Y &&&&& && k%z s nd~u?gc06Z $%sspY 2
Fi gp!mz$%g Etzz:; ;E2 Tv)o)v)v)v) LL33323 th95 E;: 2
m 08 (3 0 + ++++I- st12 z 0 4PSP4 ++
a 5 1 u30-
U $~~s~~~~~ ~~~~~~ 6Wm mKaIeTrb s$$sS 6yKE $5 $$E 2 k u) gg22kv)?,,~ UJ~ ma, w
n A+++++ z2++ 5ys
33333 v)v)v)Lorn 22 tdz s N
m 2
4 &94g6c$gB Y4$5Y4?55 IZI IFFFEE 1dEF 182 4 U
E$ $s qqqeqqo-m mooooo EQ? mmmmmmnmm m-N--O.- m." gggggg mmmm mmm .. \... eeee eee m 9 :al mg:qg$$$ $$$$g$ Sff Riaaaaa zFzs %$?2
ao1 eQQ8Qxras Qeezzx
s!g I zgzzzg 8888 m 8% 3zzsa8sxz 888888 888 z
eezeqp 8555 858 - mr
$Si% 3 QCOQQQ EsQa Z"
000000 gsss 5s ki $&
a= 2 "8
z ,yi 35 zzxz8szgij ggssss zgz p g 8 3 , .:tlii ;$ jp
?E IK B P :iri; Ea
G % $ ?$ >. w 3 P :2% I 3 2 ? P P
q
E WE mmmmmmmmm mmmmmm mmm r no mmmmmmmmm mmmmmm Ee g+ aaa-zaa$~ ------ bbbrmm %%$ %
a2 aJ
m
rmmrnmrc mmo 3 lcbr-r-br.
m
e= mu B> BBBBBBSBB 888888 b0VVWP
ggggggggg gggggg ggg g lt@ 0 ~,,~.
688ggLJ Gas 0 ':1 >=>>-zzzs ...... QoeQQxe
0 ::eG E.0
LLn LL h$
A
z z ijl$ $ c
0 0 Exhi€
r - ~~~m~~-~m~mrnrn~m~o~~rm~~~rn~~a~aoa~~-~~~mo~~~~~~m h ia ~~~aaa4~xnss~w7q~~.4a~~~~~.~~~~~~~~~~~~~~~~~~~~~~~ -- rrr r rrrr r r rrr rrrrrrr
I-
C $1
E1
ooomrmoooor~~mm~~~~moo~mbooo~mohmoo~mooomo~momoo oooormoooo~~mmm~w~o~q~qmyoooo~o~m~om~ooomo~momoo~
~~~~~~~~~~~~~w~~m-o~om~~oooommo~~~o~~oood~~~o~om~
2~ ss-~s~ssr-o~cvso.~~s~s~~m~~~~~~~~~~~~~~~~~~~~~~~~~~' 3 2- g $- 9 s- $- g- b- 2- g- z 8 6 ;; g- G- 8- 8 2 z- g- r- a- b- d w- N- oh i ui mi 0- N' m- -- m- d 0- 0- i 0- m- d d m- rd m' < rN-rrOkNO-N~m~rNm-.~ ,= VNmrr rr Nr rr rrrmrr r r-r-~-6mN.Ncv-r-N-r-N-r-r-r.N-rrrr.r-N-N. z
~osmyr~p~~a,,~~z~ag~~~~~~~~~~~~~~~~~~~~~~~~a~~~~~
oooa~mmooor~~~m~~~m-oomm~o~o~mo~moo~mooom~~momo ~~~~mmm~~~mw~~m~~~mmm~~~m~~oomo~m~omooomm~cvmomo~
h~t~~hm~m~~~m~~tt~mom~~~mmmo~oo-~~o~~~~-~o~m~m~m dodddddooodi'od~'~~d~dd~~~~~~d~'w~~~ioo~~~~dodo~
~~~~d~~b~~~N~sad~aR~b~~~~~~~~~~~~~~~~~~~~6~~~~~~ ~~o~~mm~mqmy~o~o~~qrb~m~m~~~~~~~~r~~~w~~~m~m.~~b~~.~~~~o.m~m~m~~~~~~~r~~mtm~
z? Lw ~~~~~~~L~~~~~~~~~~~~~~~~~~~~S~~~~~S~~~~~~~~~~~~~~ -t~-h-rn~~m-~omm~oo~~m~oa~m~~~mmm~~m~~~~~~~~~~oom~
ig ao~rnom~rnm~~ddoiom~~~~o~ ~8~snyq~~~~o~~mq-~~999o~~~0~~0~~0~~~.o~~~.m~~~.~o~m~~m.o~~~.~ w~mm~~~mm~~~m~~~r~~~mmm~~o~mom~~omm~mm~m~mwoo~~ omdmoedodmmd w~~~r~a~~oo-~ 911 ~~~~.m-mmrm.~-m~~~~mm~~~~m~~mmom~r-~~mm.m~mm~o.m~~m~~~c oommammm~mom~omomm~mo~~~~mmom~om~mm~om-~mo~rmoo~c
za
z I- r NNNrNr rrrmmNNmmNNrNrmrrmNrNNrNmm
::I d~dad~~a~~~~~~~~,,,,~~~~w~~~~~m~~m~~~~rn~~~~~~~~~~ ~ycm.~m.~~~~.~~~~~.~qyq~y~,o.m.~oo~wm.~mq~~~~wm,qm
K
~~~~~~~~oooo~~oooo~aooo~~o~ooooo~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
ONNr " r r cvrr O*Wtm*N-rN r r rN rr rNr
00000000 00000000000000t~00000000000000000000000c 000000008000000000o00~0~b00000000000000000000000c
~~~~~~~~~~~~~~~~~~00000000000000NN00000000000000000000000~ ~oooooooooooooooooooomo~~ooooooooooooooooooo~ooo~ ooooooooo~~~~~-~~~~~.~~~~~~~~~~~~.~~~~~~.~~~~~~~.~~~~~~.~~~~~~~~~~~~~~~~~~.~
rr Nr " rrrmrr r r"~~mNN-NrN"rr"rN- "" Nr.
2..
g!g as mcvmrr
wz ZLL $2
:E !q oooooooo~o~~~~o~~~~oomo~~ooooooooooo~oo~oooooooo~ ~~o~~~~~O~~o~~~~o~o~No~o~~o~o~o~o.~~o~~o.~~ooo~o~o~-ooo.o~om~o~o~~omo.o~o~o~o~m~~
I-3 27
- zq
0 51
Y v)
El
z ap 2 81
I
m
x Pt
$
6, 99 5: w -I u)(o(D ggs Y: -1 L$+ -12s-I +:$$$ ~ qaii ?? 3g4 IC
-IC~Y~$ -1~0-1 ao:=: e,sdr8<<A=2 5 88-1 &+g4 2 a de 3-% lrogg$$?i;: ?";ygg;;$ p ;;y g~O,~a~ 82.
~m~~ocvc~oo"~>~arN ~~~~t~iiii~~~~:~~~mm~"~~cs~~~~~~ ~v~~~~~~~~oc~~eeeror~~~~~~-m~q
2~~Jwyyyyy~yuGw2sss+w ~~~onnnnnw~nNN~~~x~~~~~~~~~~~~~~~~~~~~~~~~~~~~ -U~-XW-=CW~ -qaWus
~S~Ls$"$D~~~~~~"""os~~nn~~~~~~n~~~~~~n=~ Iq~X~""%""mq,~a~~~Ps~~~~~~~~~~~s~~~"~~~~~~~~~~~L~ "=snO=
v) maaa ~~~a~a~~a~a~~a~~ma~~aaaqzurnaaa~~u~~aama~uu~~ ~ah~dd"d>dd~ddoowoowm~w~~~ 4
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~uu~uu~uuuuuuuuffluuuuuffl~~uufflfflu~uu~u~uu~~u~~
dddd~ddd~dddddd~~dd~dddddd~d~d~~~dd~d~~~~~d~~d~~~
~~~~~s~aaa~::~acrsrC~arii~C~~~~~arii~~rXCX~m~~~~s~~ m~=~oNoammmmo~mNNN~o~~~~-~~ mmm--~~---~-r--cvm~~ mm ---N
-'me
~~~~~~cc~~-1 NqJqrnyYY<q$ i ?ab y<zk,, ??a
$zmzz$mm~zmvz ,,, ~~v~~~zzO ma~mmmm~g8?mog~mmm m'm0S~__z~~~~~o~z~~8z~v~~ gBgz aao ZO I<V$ 20;
~C-I~~~~~~~Z~QZZN~Q~ ..ocmr NNN ~<Qma -mmma~q$~oooheouNo
wu;w s&m r- r",":
t,urdd,,, ===nd~qNbbmm9~up~~~~~dq~~9N~m~~~~~
8pmpepemppeep?e?eeee?eQp?QeQmeQ~~~~%~~~~~~~e~~~e~ ~~~~~~~~mmmmmmmmmmmmmmmmmmmmmmmmo~ooo~~~~~~~~~~~~
" r mm*LDLOb 2- -*
5 rna~mQeem~~~s~~s~?Qee?QQe~eeee?eeeeee?e??~?Qep??e~ mm~~~~~~~~~~h~~~~bm~~rn~~~~~mrn~~~mrnrn~~~~~~~~~h~rn~~ w EE ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ rrr "r""
$81 NN mmm r -rm m w-m-rr .- m
> z
0 0
- r v
828~?X%k88%%~S 00 55: ! kK:Eggz2% z %:8:8gggqZzg& I~owo~mcambmwmc~ - Eij " " < " " " " " " " " " " " " tnm-mmmm-a-m. 0- marnmw~~~o.yo~mq~ "r r r 7" rr r
sx?sssps:q&.g== 0 000 0 mbaNmb*aO qoo e? bOmaNyqb0 ? g;gq8sg?qsGxq 5 gg~g~s~g~~$$$~ z 298 2 mdhKd-000 N NtNOarbapObOO
wzpoP99m??q%?qYk 4 L"99 o? (9a.NO.r"T-.m.Nk -- N-9m.m-Vm7O-~~kka-O Omww-b~m)~~ m wmrmobmommbom
$zN-r~-NrrNrNNN- 2 tmv) 70-9 r .1-.N.-.N.-.N.lom NmrNb-rNr 2. -.--O-O~N--*~mN.p-"NN. - ---."."NrN~v)a ~~rn-~~~~~rn~~rnrn~~rnq~~~~~~
5
E$g-$ggggag-&sxyg E ggg g ggs;4ggCN;S g gngg6E~lo~y.-4&
saqs$sps?qsq== 6 %!=$ a %3P:8fiFj$g s s3~s%$gzggFjgg
2 z
w~~~oo~~o~cvcoraa r 882 8 '(~w~ov(DIo'(~o)~ S mu~em,,eo~m~om wht90~hmm~k~qm~t. ~-amrNomN~a~mdd k. 2$$. $. >ga&g~~+=~g 2 N-h,,"" r-E-"r- $g%zgx%Sgg:gggg - -bm mhP-Ne(DeN g~"v)or2;dm-G~
z N m m ~mr N---
com-omw.-o~v)~m~~ 4 6"m'04r'cu'oui N-ifiUj~6fi~+O+OO
s N-r Io
r-NrNrNIom N. "av)-v)w-rr.tmN
"
nus$g2?g$;ggggggg s SSS f SSsSSSsSs g 499994*99999$
~+omwommmoB~~R~~ 8 $$e c E~~~~~SWE Q ~**"-O~O"-O=
om~ooooom &&%&&&&%&&&&, ON0
$&dd6dWdW<WW6W6 m mmm v) dv)v)mmmddd : dddd<ddddd&dd -mb~o~b~~v)r.am
K
ONQOOOOOOOOOOO m hob t o~oov)omoo w OOOOOO~OOOOOO
otg~gggzggg~l$~gg g gqz $ gs:$gzEgc 2 000K0~i000000
6~-e8~-~-~81x~.~.~-x g- Q-rC9. L? O??a.-bmN? mpv)mm-m'N-b~n * 2. mtv)Obm*o*NmOO $26~.~~%~-x~.ssxz I 999999999?9999 c9 qcqq 9 Ye?Ymruq-"qq 000v)00N000000
!~~!ijs.:xa6xs%3.%sx g- 3jg ij ssgz.ggsse 5. 5.gsg.ay~sg.g.sg~
lug "1$@$$W+:asss ; 22% 9 RgPz2zzzz E zzzzP>zzzzzzz
zq 58- FW Nr-N N-Nr N C9-t 2 NNrNprrr z h " r "NrN *)LO
gggggggggggggg F Sss s OQooOooOO 0 OOOOOOOOOOOOO 0000000000000 c 00~00000000d00 Qooooooooooo s ggg 8 ggggggggg 000000000 8 0000000000000 eg w~8000000000000 cg K:'O"-"666ggeggg 2 ggg g ooooooooo
c3 r za
0.0-0- 9 90.0990.990. 8 88gxg88888888 o o o o o o o o o g g- g- 8- g- 8- z- g- g- 8- g- g- g- g-
r
wo EZ 0 s 2 d
5% - 3 0) z z 3 cn z
-I
EQ 0 !5
(0 3 J mD0 - a $%
e z b co 088
yiy SS m4: G? ms m ess- -l5 $g:$ a. wa
&jwmSS s r8a"e :sss m - py $$S5im 55 &ES&355 zg;iy= SgSmm e> pg g$$q on 00
$:Qsx$0Gra23s zQ:": g,goo;4er3 $3mOddEujZn -sa z NbNssn%$n ~a2i~~~aa~$w~
9s %d9Ger?Trumd ao:wOboabaaaaO $$$$$3$$2 agsvx=~z~a~5g
ZIJJ-lI-lJIIIIZ5 zFFEz%Fz$ E~Z~C,~>OOWOO~
-0
;+&Lrs0-10-5 gy5e+-l+<a~ Ssgggma~e -aQQQmgQN mm :3gg~~m%p~ man ?E ggav)a$Tr~m
~w+ea& g<$zg$ m:$fg+ueJggN22m :'IJ oz~z~~~<-Nesse ,ww,w~Gawlu~ n~n~;%22~ bs,a~,:S~;Sse
a
3~wm~w~6~mr~~~ W" an
nJxwm30~~wW3>~ ;$;zzSZcYg ;gc3&$zzzmN33
S+;~p%scy rn330no &$ &&&.,&$&&? $zgi?a+zOobdSs ~a~~~oo "DOC,
a<mmrQ~mQ<<QQ 26i5
gO$qp$?z&gggg $55 22222&22& poz~$an++ wO'"O='Eag~gg
ttiEEEtEEtZttfE GE; a5u cncnv)v)cn;fflcnE 33333+23+ &%!bg$Fz$$;g;g
flSSi?SSidddbSSSS 000 ann FEEFFEFFF 0000000000000 zzzzzzzzzzzzz
$21 rrr
213
""""NNNNNm F; eeeeeeeeeeeeeo 888 e&"T"RbS"$$"a 23; rOrOOOOr0
eeeeeqeee !???!??????e&???
~%SSSSS~S i=4as? m oa~~a~a~e~
mmmmmmr.-~ mmmmmmmmmmmmm
-b-o~.-mv)m-mom
-r- r bmm aaaaaa>a-asss gsz
r"
I
5 ee$ee?ee eeeee oooCOs-N"~
5
mcmmwabwccmbmm mmm gEgh-Q++-qsr+ 88% ssaasssss a-rGaSa:pg $$gss$s$$$sL2$
t 31
amcctmmamwcmv)
aoRm 222 r-m-**tlo t r2cc2c2a. sgmsss2hzZ*" 0 s-2 rr
e a
I amcmy~.m~~.o~r.~m~~o~r.~r.~-~m~u)~~~~~~-~o~o~~~r.~fn~~~m~~~~o~r..w.~.~~fn~~~ N.
~~~W~~86~~%~88$5~~~%~~~~S8~~~~~8~~~ 2 """r tij " "7 """"""""""""T- -
I- '9499"99~~N9"599"'9~'~~? ? ?"9,'S9 9 5 0-0 -0- o m ' ~%~g~_N4994m.fn-fn-mm.~omo~~~o- m-7qm-fn-Tqqfn--- m. qm" _a-7- q T ~5~~~-~~~~w~~~ss~s~~~~~~~~~~~-~~~~~~ wrm N ONN mmfn
aCr~mN~N~y--ym~-~*yrWNyN*~m*mNN-~-~N*~~-~~~ * *ma Oom ' '
m N zw: sz N
~~~~~~~~~~~~~~r.~oo-coomu)~oo~r.~or.om~m~m
~'"o~~$~98~~~~~~~~~~~~~~~~~~~~~z~~~ 4 z-2 slf1g E ;
w =r Uu!."N"-N-NN"-N- -NrN-NN-"-?--N-."- 2 m9 o-r.m N- E"
mo~oo~~mmot~~oorcoomfn~oo~r.~or.Lom~~~m
t~~tioLOP~~momw-LolnornoLOLOLONLONP-mo~m0-m-m r Pmz -No o~~~~~~~~"~~~~~ow~~o~~~~~-~~-"-~ 7 e$e,;sG LO P
y)ln~lnmou, romr~omommm-mmom~ ~~ommom~fnm x;
~NLOLOO~NLOOLO~)LOON~.O~O~~N~~LOLO~.~~NP~~LO~~~~.~ w~~9~~~~9ym9~to~~~w9~m~-w-m.o.~.~.~~~~~-~-~o~~- z. LOO) om~o m m m 7- m 7- 0- m.
N. ~z=A~~~3~X8~~88$~~~~~~~~~~~~~~~~~~~~ 3- mmbg
z Lo fn r m
~w$$$$$$$~$$$$$$$$$$$$~~~~~~~~$~-g~~~~ g $$$$gsg -g $
~~$~$~~~~r.~~~o~m-m-omom~orn~~~t~m~or.mv)~~om m tn~owmr.r.r. P m
t- ~l.......-""hh9"9"o5""""""94N"~95oo4~ LOLOLOLofnLOLOmLOnwLOLOrnlnu)cfnLOLo~lnlnwrnLOwmwwwCwLou) 2 ZZZZ222 2 2 2
ooooooooooooooooooooooooooooo~~oomoo
o,~4~~4~~888s8~4S~$~S~~~4~z~~~~~~~~~S N 0-0 orno w~t~~~.ymmq~~wyfn.qqmqq~~m~~u)~~qyo~~~m~w~rn.o.m~ r sq~q qw-q T q
~~~~N-O~.P-~~NNNLONOLOLO~~~.O~~P-P~~-PNLO~~~~LO u) ~NN omm o P -mot~~qqmo~o~mq~o~mq~w~m-.o.o. 4 %gm Z.g%. S- 4
*%
oo~oooooooooooo~ooooooooooo~omoo~oo 5 """S$$ 2 3 br.0 0
G3m$03?sPKRm?;;; "N NN "r "7 "7 m
nrr~o~~mr~~omcmrmmo~mommLooor.mfn~~
N ONZ v) N z< r. N
00000000000000000000000000000000000 9999o99o99999oo99999999o9o9ooooo999 8 cqmo,grg 2 5 k % w~~~~~~.~-~~-~~~.~Q~~~~~~~~.~.~.~.~~~~~~~~~~~~~~-~ z. E.52 G&, G. 5
E5
E: -1 a A -1 0 2 gg g: z A +S L LL
A z zoo 2 23 a -1J 8 5Ys oiz a a
$sa< 0 22 qAAgpzzgS 5i 0 p N agYyg; s$? wzaaz-3 3ocpzsn$?:$Y Agz $2.- $? " is as 0 2 7 1:: ~~~S~Nn~g~~~~~h~~~,Pr.\ "~2i==6s~,a~L"~or.,,~~v)o s243,s4 ggs W
mLO,LOm3 wwWS~in~~~~~~~~~,~~~~~~ 3 2+zm ?5?
$s*ggQig:I%": LOu),,,,,~,,~,,a~,~~~y~~~~~~~ NNvAaIa~L fnDsz~nalo ,.pas 25 I$%%
-mzyy ~~"y'~~~2~~zp~~4~nwa-z~~~~~~ iz~fnw"'=da>rn 00 WU
~~~$Lj~~wo-lc~~cc-l~-l~~~~g~~~~~~~~~~$~ o-l~~dI-a ~<+~Am~~~~~zc!jZ aI-3v)I-o> 2$aaaw+ 'OSaU
~~~~~~~~~1a4faaa,,K,zz*~nmK~~>az~3~ op~oo~~~~~oxooow~awo~~~~~~o~~~o~~o~ 001-0 Ykk"-k
z~uzza~ma~zoozz~uz~m~~aa~~z~~c~mn~a 2g55>>>
~zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz ~~oOooovooo~oooovoovoooooooooooOOOOOO 0000000
am0 ow0 0 m
gz ~~gggSSS8SS8SSS88888888888888~8888888 2 22% 88% 9 9 m u)- 0- 7. m- N. .- N ON~ LO N' w uI na~~~~~~~~~~~.~~~~~~~~~~~~~~~~~.~~~~~~~~~~~~.~.~.~.~.~~~~~~~*~~~-~~~~~
2- wo
>r-Nr."N-NN"-N- .-N-N.-NN."" --"F--- 2 IC NT-P %
-1
zu 0 2 ?ai
-11
A -1-1 y 39 55 aOgjz05 0 c
J ?Z.?<:-ZP
z300ho gg0~~zzaWa-3Wn~o~g 98 yu I-
cl z 3 0
gog300wX oao~goo.-=,~~~o~sd~z~ zzN 3-4 z >
ogg25 2~a~ozzan~~g~~~~~m__;BN s;g w 2 0 z
mc3mgn~~~nzoo~6~So- :g
~~~2~~,~of2~a33~Y~s~n~~\ oLOmoo~go~q~~ nom~30~a-.~~~ 3aN33m Yl :gs!3
SEA0
0wLjI~;O
UZ ",~~'~1"55~~~~~~9~~~~5u3~~ OZIO
c ~~~a~99~90988~889889994894999999999 000000000000Orrrrr~r~~~~~~~~~NNNNNN
~~LOLO==~=~=~==aaa==~~~==~=~~::a~~~~~o -LO-LO~LO~-LOLOL~L~----P-LO~O--~--~O~~
lnlo u) mmoor NO tnm r.mmr-- mlom- 2 dl T-r I
c mmmfnr.mfnr.~mcmu)wmcu)cmmmmfnfnr.mfnr.r.r.r.r.mwr. ~~,:~""--a~~~~::s~b$~~a~~a~~a~~~~~~~~~ ~~~~~~~eeee~eeeeeeeeeeeeeee~~~~~~~~ ~oornom~orn~~ou)~m~mm~o~~~o~~~~~~v)m
To
r
z
- 0 n
$ s E e U - r L
e e Exhil
Reconciliation of Fund Source to Investment Portfolio
AS OF JUNE 30,1998
Cash Balance by Fund:
General
Special Revenue
Debt Service
Capital Projects:
General Capital Construction
Traffic Impact Fees
Public Facilities Fees
Park Development
Transnet Taxes
Drainage Fees
Special Districts
Other Capital Construction
Enterprise:
Carlsbad Municipal Water District
Sewer Fund
Solid Waste
Golf Course
Internal Service
Redevelopment Funds (1)
Agency Funds
Misc. Special Funds
7,349,053
3,976,393
21,858,755
5,956,132
6,193,860
5,038,953
50,086,230
4,968,682
Total
29,600,068
37,585,351
1,679,944
2,805,264
Total
33,540,909
19,162,454
1,233,563
105,428,057
71,670,626
10,519,185
0
10,675,744
0
Total General Ledger Balance ** 252,230,538
Amortization of discounts and premiums
Deposits in transit
Outstanding checks
Wire in/(out) not recorded
Other
Net adjustments per bank statement
(62,802)
(73,427)
Total adjustments (1 36,230)
Total Treasurer's Investment Portfolio 252,094,308
(4) Redevelopment Fund Balances are interspersed throughout all funds. " ,,,., "~"~-~*?,~~,~ ,,,,, ~,~,",~~"~~~.~~-~..~. ",". "I , ,"."."," .,,,,,, ,"A ,?,X -1,1<,*1 ?, i x ;~me~~~_srt;NnO~~~~~~~Q~~,~~~~~~~'"~~~~~
0 d) CITY OF CARLSBAD INVESTMENT PORTFOLIO
Exhib
AS OF JUNE 30,1995
CORPOR4 TE NOTE AND COMMERCUL PAPER RA TINES
Corporate Note Investments Meeting the Current Investment Policy:
(Ratings must be AA or better by both Moody'sand S&P)
Moody's S&P -
ABBEY NATIONAL TREAS
ASSOC CORP OF N A
AT&T
BANC ONE
CENTAL ILLINOIS LT
DETROIT SEWER
DUKE ENERGY
DUPONT
FCC NATIONAL BANK
FIRST NATIONAL BANK
FIRST USA BANK
FRANKLIN UNVL TRUST
GENERAL ELECTRIC CREDIT
HARVARD UNIVERSITY
HEWLETT-PACKARD
J P MORGAN
KENTUCKY UTILITIES
MERRILL LYNCH
MORGAN GUARANTY
NATIONAL RURAL UTILITIES
NORWEST
OKLAHOMA GAS & ELECT
PEFCO
SOUTHWESTERN BELL
ST PAUL CO
TRAVELERS GROUP INC
AA2
AA3
AA3
AA3
AA2
AAA
AA3
AA3
AA3
AA3
AA2
"
AAA
AAA
PA2
AA2
AA2
AA3
AAl
AA3
AA3
AA3
AAA
AA3
AA3
AA3
AA-
AA-
AA-
AA-
AAA
AA-
AA-
A-l+
AA-
AA
AAA
AAA
AAA
"
AA+
AA
AA
AA-
AAA
AA
AA-
AA-
AAA
AA
AA
AA-
Commercial Paper Investments Meeting the Current Investment Policy:
(Ratings must be AIR1 or better by both Moody'sand S&P)
(Ratings of other debt must be AA or better by both Moody'sand S&P)
GREENWICH FUNDING Al+ P1 Other Debt:
MERRILL LYNCH Al+ P1 Other Debt: AA3/AA-
GOTHAM FUNDING A- 1 P1 Other Debt:
Investments Made Under a Previous Investment Policy (Ratings must be A or better) Prior to 2/13/96
Moody's S&P -
FORD MOTORS CREDIT A1 A
Investments with Subsequent Changes in Credit Rating *
Maturity Carrying Market
Moody's - S&P - Date Purchased Value Value
DONNELLY A1 A+ 12/01/00 AA3/AA- 1,077,287 1,070,480
KAISER FOUND HSP A3 A 01/11/00 AA3/AA 941,266 952,621
ST PAUL CO A1 A+ 08/27/98 AA3/AA 1,003,389 1,003,560
ST PAUL CO A1 A+ 08/13/01 AA3/AA 1,003,465 1,023,190
f The City's Investment Policy allows the City Treasurer to determine the course of action that would COlTeCt exceptions
to the policy. All of these investments are paying interest at the required times. The principal of all investments are
considered secure. It is the intent of the City Treasurer to hold these assets in the portfolio until maturity unless events
indicate they should be sold.
CI a F CARLSBAD INVESTMENT PORTFOLIO 4B Exhib
AS OF JUNE 30,1998
PERCENTAGE WEIGHTINGS BY CORPORAll? NOTE ISSUER
ABBEY NATL TREAS
ASSOCIATES COW NA
AT&T
BANCONE
CENTRAI, ILLINOIS LT
DETROIT SEWER
DONNELLY
DUKEPOWER
DUPONT
FCC NATIONAL BANK
FJRSTUSA BANK
FIRST NATIONAL BANK
FORD MOTORS CREDIT
FRANKLIN UNVL TRUSTS
GENERAL ELECTRIC CREDIT
GOTHAMFUNDING (CP)
GREENWICH FUNDING (CP)
H.4RVAR.E UNIVERSITY
HEWLETT-PACKARD
J.P. MORGAN
KAISER FOUD HSP
KENTUCKY UTILITIES
MERRILL LYNCH (includes CP)
MORGAN GUARANTY
NATIONAC RURAL UTILITIES
NORWEST
OKLAHOMA GAS & ELECTRIC
PEFCO
SOUTHWESTERN BELL
ST PAUL CO
TRAVELERS GROUP INC
Investment Cost
1,124,595.00
10,071,876.00
2,044,620.00
1,999,830.00
1,014,650.00
1,014,980.00
1,145,610.00
2,048,020.00
1,168,073.48
975,690.00
2,039,195.00
2,042,280.00
945,870.00
998,750.00
1.2,111,090.00
3,893,086.67
4,803,315.44
1,353,744.24
1,011,080.00
999,720.00
954,188.00
2,024,340.00
8,360,331.83
1,995,580.00
1,996,920.00
10,756,869.00
1,012,500.00
1,028,438.00
3,084,830.00
2,042,260.00
1,105,341.85
Percent of Portfolio*
0.45%
4.00%
0.81%
0.79%
0.40%
0.40%
0.45%
0.81%
0.46%
0.39%
0.81%
0.81%
0.38%
0.40%
4.80%
1.54%
1.91%
0.54%
0.40%
0.40%
0.38%
0.80%
3.32%
0.79%
0.79%
4.27%
0.40%
0.41%
1.22%
0.81%
0.44%
Total Portfolio
* No more than 5% may be invested with a single issue.
$252,094,308.08
0 d Exhib
m .- f XY Y C g cc s
cccc 2
2222
- $2 2
e!? 2 YX x Y GG G
” a, c WW W -
e a YYYX
mmmm
xx et cc s c mm m m $ mmmm 5cWW r?;ijij 3 W ma m m 22
iigtnm t; 29 2 2 92
m - E z - 8
28 u, -e
gjj E .- H
U
OWaa ZV??
OO*”
arm Lo- W
Lo. t a? ”
Lo q
c9 x
(D
z
d
2 L 3 3
m
& S
c a,
v)
v) c9 f r
00 99
r-- - $F1
m v) OY
x S d
v) 3
oa 2:
0
0 b ” 9
” 2 co
? r-: r. r.
.- m E 2 - m 0
cn
k
c
t
E c .- U
0
a m PC
9 0 K ”
e *
0 ”
N
I’.
co
N.
0aaQ) v) ss“,””i;8~v?<g~ Lo 00 om r. 2 00” zz - ; 8’ s $3 v) 3% P “Ea? b ;- 0
$C g 6
m 2- 9 g- ” 7 cn g 0O”lc x:$ x
i; 9c9c?9 ONO”
E9 0 ” - m a- m”
U ii
-
u 0 u) u)
U
0 u) u)
U
3 .- - .-
OWWa F, P 8 Z$O?? T 2 , zz z: 2 2 2 -=?;
2 >,
25
050 i?
2%
& 2 uz
2 *E
In Lo 00 oa ” co moa
m 0 cob 00 (D
0- ” N ?
E or In * 0
W OY r- m
00 m “ N
- OOVF-
arm u? t o? ” c9 ”
W
F or r ;- m -
ua, n
fgg b ssss 3 =a * m
cz ’sss pj ZZZZ s I z 52 ?S $ $ $25 r- Lo 5
00
u $E2 iiii i s ss s s ss s s
O $ cs 2 Lo9 $ $ r-Lo Lob 2 2 -?lo Lo tn
S ZZZZ Z
0 r
E m
c E
u) a, - z
I
~
c c (u E
P
d
2
0 P
X c m m % 222 z2ZS
3c+c %?*E EaIa
ggea ml
$ In m e! +
C m 0 .- b
a E
e ii
-
In rn .- - 8 5‘ u) m e! F U W I
-0
LL a
E
’E .!* W .? EE 80
a bl$
-3 5. - E$ $9
G% 32
mu
CF
c C W
$2 22 Dm ae! $ $ ;: m m
n4 ; y 2 2: > > mL S G
” - -
ZE E s
WE r 3 ~a a a
fijm m m
.“-E - E E
9a 2 z
P
In m f
C rn V .- &
a E
E c ._ LL
c h
C
m F
6 > 5
-0 c 0
-
m 9 m 2 ?
”
9: c-
O> TI 0 71 I: :1 6 U uc cs SLL LL- cc ea
U c 3u) 03 $
0 $E5 a
F ” c !! *‘El .# $6 m ” S 0 B 555 2 W $ rn- e -
8
5 ;;kg 5 ij g .g K $$ InIn g f: 5; -5:. g !E e! In’? Wal U 5
.’, s aa*= 8885 p g -0 5 g[z“si:;;ua.288E g 5 aa5~ n LL 2- - m ““~;~~$e8~s aJa 02% $;
gE Bd z; dB~usZ2n ZZ$k a,
:: mmmm :: u (3 CLIYsu c) -I
0 EEEE g 2 2 Q S .QQ s 5% 5 5 % ? E g 3 r = == :E m
X 0 r
0 4D
a, 2
0 a
u)
mmm 444 is$ v)v)v) zzz 333 LLLLLLY
mmmg ggg- ===a "-2
E++ ln ln lnntj
222% 3335
"_
S 5 Cm
.= .e .e
b)
: .;
z L:
v)
- m C 0 .- I
I - 3
ln C
.- - :
c m 2 I-
.- $ 0
.o S
LL 5; ._
I 3 c c - v) S
._ 3
E
8
c
LL
0 ti: 0
00, $82
224
cc Q
'c'c 0 @@a
SCC
2 =I -0 lnmc -
-1-1 5 zz $ g .g c
zzE =SA 882 552
-
mm
r 0 P B
us I5 2 m*
o+a kS!m
%us i5p 5s
.c.
2 R
'0 E 0 m
m -2 mrr coo .E m
*ma =g 0 26
a- m w rlc %
m 5" m m
mrr coo om a c> $
m
t wz, $2 IC
CI 09) g rln- -0 E@
f 1 i cuolc gs r a3. t -- 99 5 gcs scs zzz
r
;; '99n!, ;; 22 ;; 22 '44!
I f ZZE f wo c E4 t - e 0 0 E- %- 0
cowcg * 0)
cuwm -**
c-4
0"
? '99c\!, $2 a,
5 age P =g z sz N. 0- -7-
m w-m* - m -f- m CY7 w w-co
ii E if
Or 0 m m u m
c9" OQ) "(9 ww- 9'2 a
-N w- m * Nom cv 9 -- r(D wr c9 9 -- " c9 '4 '4 *or ww,: rlnr 00 om - wrlc oco
wr * '? co *a -** rw ag2 2 r C.4
e0
P
m
3%
ssss ss zz La c?l sgj
ssss ss zz es $2 zzzz
ut;
mr:
-e
zzzz m
I c 0 8 0
2 E
P 0 2 485
d $ $$$s $2 s
A mmmI ;a LLL p SED- cc= c I-t-PZ Ez 0; ggg
0 E I-I-I-2 02 mm 5 z FFFZ tV += "le z2E
3m 0 (Dmv), a.: Ci 5 .E -I
ZZZE! Z% $2 gg2 5 % aaav) aw Vt 3 :z 2
h
x S
I .-
c m
Q I- E .E m ujdc
-Id = aX - " 2 am
.- g g $
mmm
L-
I
a,
0 0
U m
- - 8 m
og 3 2
E 2
2 2 U U
9 a,, m L E, - $ m7 E yy 0,
=xc Q) 5 2 5 g I-ZZ
g g 555s t; g; 5 sb)
.g "0 % y; ; sgs - tgg"P 5 gb) g ;$ 2l L?z:I=
u f rnpgb) f ?GI 2 fg 0 ffE
u
F -
a a m a W - %I
L m m a - .- OS
m uu
- m e -
U " cc-0 x .o u c psi
i gggg ij gE 3 E€ 5
.- 5 uLLLLz - LL
CTS e 5 ?>>E E, ass
f mm &$! mmm
c
LL a $ zggd f E,$ E sk p 222
EEE
m Q Qu 0
In L