HomeMy WebLinkAbout2008-11-18; City Council; 19640; Report on City Investments13
CITY OF CARLSBAD - AGENDA BILL
AB# 19,640
MTG. 11/18/07
DEPT. TRS
REPORT ON CITY INVESTMENTS
AS OF SEPTEMBER 30, 2008
DEPT. HEAD <$//*'/
CITYATTY. 'Vg|£__
CITY MGR. Lf^
RECOMMENDED ACTION:
Accept and file report.
ITEM EXPLANATION:
The City's Investment Policy requires the City Treasurer to report to the City Council on a monthly
basis the status of the City's pooled investment portfolio. A quarterly report is also required for
the investments of bond proceeds held separately. The City's pooled investment portfolio as of
the month ended September 30, 2008 is summarized below.
Pooled Investment Portfolio (Cash and Securities)
Par Value
Cost of Investments
Amortized Cost (1)
Market Value (2)
Current Month
535,694,338
540,354,298
539,253,126
538,998,568
Prior Month
539,820,306
544,287,548
543,397,023
546,566,601
(1) The cost of investments adjusted for amortized premiums and discounts.
(2) The amount at which the investments could be sold. Source of market values is Union Bank
of California's custodial report as of 9/30/08.
The equity portion of the various funds in the total portfolio is summarized in the graph below.
Fund balances are restricted for various purposes. See Exhibit 7 for a more detailed
breakdown.
FUND EQUITY IN POOLED INVESTMENTS
(Dollar Amounts in Millions)
$53.
Special Revenue
$44
Capital Projects
$276
General
Other $.3
Internal Service
Agency
Enterprise$125
Total Treasurer's Investment Portfolio at Amortized Cost
September 30, 2008 $539.3 million
FOR CITY CLERKS USE ONLY.
COUNCIL ACTION: APPROVED
DENIED
CONTINUED
WITHDRAWN
AMENDED
D
D
D
D
D
CONTINUED TO DATE SPECIFIC
CONTINUED TO DATE UNKNOWN
RETURNED TO STAFF
OTHER - SEE MINUTES
Council received the report.
D
D
D
D
DEPARTMENT CONTACT: Nancy Sullivan (760)602-2473 nsull@ci.carlsbad.ca.us
PAGE 2 of AB REPORT ON CITY INVESTMENTS AS OF SEPTEMBER 30. 2008
Pooled Investment Interest Income
Cash Income Fiscal
Year-to-Date *
Current
Month FYTD
6,555,284
Prior
Month FYTD
4,854,978
Current Month
Income
1 ,700,306
The cash income received is adjusted for any accrued interest purchased.
Pooled Investment Performance/Measurement
July 2008
August 2008
September 2008
Average Life
(Years)
2.04
2.12
2.07
Average Yield
To Maturity
4.00%
4.14%
4.10%
Modified Duration
1.858
1.927
1.888
All pooled investments have been made in accordance with the City's Investment Policy adopted
January 2, 1985 and last revised February 13, 2007. All investments were initially made in
accordance with the City's Investment Policy. Events subsequent to the purchase might have
resulted in some investments not being in compliance with the current policy. These events are
typically a change in the City's Investment Policy, a change in the credit rating subsequent to a
purchase, or a temporary reduction in total portfolio assets. See Exhibit 9 for details. It should be
noted that the City's investment in General Electric Capital at 5.05% exceeds the 5% limit set by
the City's investment policy. This is due to the reduction in total portfolio assets. See Exhibit 10.
The pooled investment portfolio has the ability to meet the City's cash flow demands for the next
six (6) months.
In summary, the City's investments of bond proceeds held separately as of the quarter ended
September 2008 is as follows:
Investment Portfolio for Bond Proceeds
Par Value
Cost
Current Quarter
26,918,294
26,918,294
Prior Quarter
24,859,707
24,859,707
All investments of bond proceeds have been made in accordance with the City's Investment Policy
and the trust indenture for each issue.
PAGE 3 of AB REPORT ON CITY INVESTMENTS AS OF SEPTEMBER 30. 2008
EXHIBITS FOR POOLED INVESTMENTS:
1. Investment Portfolio Breakdown By Amortized Cost, Market Value, Cash Income, and Average Yield
2. Investment Portfolio Breakdown Of Maturities
3. Yield Comparison Graph
4. Market Yield Curve
5. Cumulative Cash Income Graph
6. First Quarter Transactions
7. Detailed Investment Report
8. Fund Equity in Pooled Investments
9. Corporate Note and Commercial Paper Ratings
10. Percentage Weightings By Corporate Note Issuer
EXHIBIT FOR INVESTMENTS OF BOND PROCEEDS HELD SEPARATELY:
11. Detailed Investment Report - Quarterly Report
EXHIBIT FOR SUMMARY OF OUTSTANDING HOUSING LOANS:
12. Detail Of Outstanding Housing Loans - Quarterly Report
3
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF SEPTEMBER 30, 2008
BREAKDOWN BY AMORTIZED COST, MARKET VALUE, CASH INCOME, AND AVERAGE YIELD BY CLASS
AVERAGE YIELD
Class
CD
FN
CP
TR
FA
CN
LAIF
CUSTODY
SWEEP
BANK ACCT
Current Month
33,000
0
0
0
391,224,175
90,632,614
53,943,589
500
2,328,194
1,091,054
Prior Month
33,000
0
0
0
399,589,747
90,659,970
50,201,589
250,000
2,082,854
579,863
Current Month
33,000
0
0
0
393,471,621
88,130,609
53,943,589
500
2,328,194
1,091,054
Prior Month
33,000
0
0
0
402,356,963
91,062,331
50,201,589
250,000
2,082,854
579,863
Cash Income
Year to Date
159
0
0
0
4,681,478
1,414,562
453,107
920
5,060
0
Current Month
1.88
0.00
0.00
0.00
4.16
4.77
2.78
2.68
0.88
0.88
Prior Month
1.88
0.00
0.00
0.00
4.19
4.77
2.78
1.88
0.88
0.88
TOTALS $539,253,126 $543,397,023 $538,998,568 $546,566,600 $6,555,284 4.10%4.14%
CD - Certificate of Deposit
FN - Federal Discount Notes
CP - Corporate Paper
TR - US Treasury
FA - Federal Agency
CN - Corporate Notes
LAIF - Local Agency Investment Fund
Custody - Investment Cash account
SWEEP - General Fund Overnight Cash acccount
Bank Account - General Fund Cash account
mx
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF SEPTEMBER 30,2008
BREAKDOWN OF MATURITIES BY CLASSIFICATION AND LENGTH OF TIME
CLASS
CD
FN
CP
TR
FA
CN
LAIF
CUSTODY
SWEEP
BANKACCT
TOTALS
% TOTALS
Total within One
WITHIN 6 MONTHS
33,000
0
0
0
20,205,654
0
53,943,589
500
2,328,194
1,091,054
$77,601,991 (1)
14.4%
Year
7 MONTHS TO 1 YEAR
0
0
0
0
65,663,779
12,055,973
0
0
0
0
$77,719,753 (1)
14.4%
$155,321,744 (1)
1 TO 5 YEARS
0
0
0
0
306,214,958
78,817,596
0
0
0
0
$385,032,554
71.3%
TOTAL % TOTAL
33,000 0.0%
0 0.0%
0 0.0%
0 0.0%
392,084,391 72.6%
90,873,569 16.8% (2)
53,943,589 10.0%
500 0.0%
2,328,194 0.4%
1,091,054 0.2%
$540,354,298 100.0%
100.0%
28.7%
POLICY: (1) Not less than $130,125,000 to mature within one year. (2/3rds of current year operating budget of $195,180,000.00)
(2) Policy states that not more than 30% of portfolio is to be invested hi corporate notes.
x
1CI—I
COI—I
—I
ro
YIELD COMPARISON
PORTFOLIO EX-LAIF VS. LAIF
JULY 1996 - SEPTEMBER 2008
EX-LAIF
LAIF
MARKET YIELD CURVE
6/30/07, 6/30/08, 09/30/08
Market Rates
3Mth 2Yr 5Yr 10 Yr
3Mth 2Yr 5Yr 10 Yr
-•- 06/30/2007
-A- 06/30/2008
- +- 09/30/2008
4.86
1.73
.90
4.84
2.62
1.96
4.89
3.33
2.98
4.99
3.97
3.82
Xrei—i
DO
Cumulative
Millions $
Cumulative Cash Income
FY08-09
(September 08 )
24
22
20
18
16
14
12
10
8
6
4
Monthly Interest Income
Millions $
1.7
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Interest Income - -* - Budget -n— Actual
8
I- 7
6
h 5
4
h 3
2
1
0
mx
DO
City of Carlsbad
TRANSACTIONS FOR PERIOD:
07/01/08 TO 09/30/08 1ST QUARTER 2008-2009
Trans
Date
JULY
07/11/2008
07/09/2008
07/07/2008
AUGUST
08/04/2008
08/04/2008
08/05/2008
08/06/2008
08/05/2008
08/06/2008
08/18/2008
08/21/2008
08/21/2008
08/26/2008
08/27/2008
SEPTEMBER
09/11/2008
09/16/2008
09/16/2008
09/26/2008
09/26/2008
Investment
Date
07/15/2008
07/15/2008
07/17/2008
08/05/2008
08/05/2008
08/06/2008
08/07/2008
08/13/2008
08/13/2008
08/26/2008
08/22/2008
08/22/2008
08/27/2008
08/28/2008
09/12/2008
09/17/2008
09/17/2008
09/29/2008
09/30/2008
TOTAL FIRST QUARTER
Maturity
Date
06/08/2012
07/15/2010
07/15/2012
07/23/2012
06/16/2010
06/02/201 1
07/07/201 1
08/13/2012
08/13/2013
08/26/201 1
09/14/2012
08/27/2008
07/17/2013
09/11/2008
01/24/2011
06/10/2011
03/10/2010
02/12/2010
01/13/2009
2008-2009
Type
FA
FA
CN
FA
FA
FA
FA
FA
FA
FA
FA
FN
FA
FN
FA
FA
FA
FA
FA
Security
FHLB
FFCB
PROTECTIVE LIFE
FFCB
FHLMC
FHLMC
FNMA
FHLB
FFCB
FNMA
FHLB
FHLBDN
FNMA
FHLBDN
FFCB
FHLB
FHLMC
FHLMC
FHLB
Call
Date
N/A
N/A
N/A
N/A
N/A
12/02/2008
07/07/2009
08/13/2010
11/13/2008
08/26/2009
N/A
N/A
N/A
N/A
09/18/2008
N/A
12/10/2008
N/A
N/A
Par
Value
3,000,000.00
1 ,000,000.00
3,000,000.00
2,000,000.00
3,000,000.00
3,000,000.00
2,000,000.00
2,000,000.00
1 ,000,000.00
1 ,000,000.00
1,000,000.00
3,373,000.00
2,000,000.00
3,375,000.00
3,000,000.00
2,000,000.00
2,000,000.00
3,000,000.00
2,000,000.00
42,748,000.00
Coupon
4.375%
3.200%
5.050%
3.950%
3.500%
3.125%STEP
4.000%
4.350%
4.900%
4.000%
4.500%
0.000%
4.375%
0.000%
3.850%
5.250%
3.000%
3.125%
3.250%
Amount
(Cost)
3,050,958.11
1 ,000,000.00
3,000,000.00
2,002,900.00
3,010,680.00
2,989,500.00
1 ,996,500.00
1 ,999,500.00
1 ,000,000.00
999,500.00
1 ,022,730.00
3,372,063.06
2,035,600.00
3,372,138.75
3,000,000.00
2,132,207.14
2,000,000.00
2,997,750.00
2,000,000.00
42,982,027.06
Return
Rate
3.90%
3.20%
5.05%
3.91%
3.30%
4.22%
4.06%
4.36%
4.90%
4.02%
3.89%
2.03%
3.97%
2.22%
3.85%
2.72%
3.00%
3.18%
3.25%
3.540%
Interest
460,552.31
64,000.00
605,158.33
310,466.67
185,028.33
275,083.33
236,833.33
348,500.00
245,000.00
120,500.00
160,020.00
936.94
392,177.78
2,861 .25
273,350.00
154,501.19
88,833.33
130,635.42
18,597.22
4,073,035.43
Investment
Return
3,511,510.42
1 ,064,000.00
3,605,158.33
2,313,366.67
3,195,708.33
3,264,583.33
2,233,333.33
2,348,000.00
1 ,245,000.00
1,120,000.00
1,182,750.00
3,373,000.00
2,427,777.78
3,375,000.00
3,273,350.00
2,286,708.33
2,088,833.33
3,128,385.42
2,018,597.22
47,055,062.49
MATURITIES
JULY
AUGUST
07/07/2005 07/07/2008
07/28/2003 07/28/2008
12/22/2006 08/15/2008
12/21/2006 08/22/2008
FA FNMA
FA FHLB
FA FNMA
FA FHLB
10/05/2005 5,000,000.00 4% STEP
07/28/2005 3,000,000.00 2% STEP
5,000,000.00 4.50%
2,983,125.00 3.28%
N/A 3,000,000.00 4.5%STEP 2,979,330.00 4.94%
N/A 5,000,000.00 3.875%STEP 4,922,457.90 4.85%
700,000.00
496,875.00
243,045.00
400,996.96
5,700,000.00 £!
3,480,000.00 ==
DO
3,222,375.00
5,323,454.86
City of Carlsbad
TRANSACTIONS FOR PERIOD:
07/01/08 TO 09/30/08 1ST QUARTER 2008-2009
Trans
Date
SEPTEMBER
Investment
Date
12/28/2006
08/24/2005
08/22/2008
04/20/2007
05/15/2007
12/22/2006
TOTAL FIRST QUARTER
Maturity
Date
08/28/2008
08/11/2008
08/27/2008
09/12/2008
09/12/2008
09/19/2008
2008-2009
Type
FA
FA
FN
FA
FA
FA
Security
FHLB
FFCB
FHLBDN
FHLMC
FHLMC
FHLMC
Call
Date
06/28/2007
N/A
N/A
N/A
N/A
N/A
Par
Value
8,000,000.00
2,985,000.00
3,373,000.00
2,000,000.00
5,000,000.00
3,000,000.00
40,358,000.00
Coupon
5.125%
4.300%
0.000%
4.875%
5.125%
4.480%
Amount
(Cost)
8,000,000.00
2,990,313.30
3,372,063.06
1 ,996,570.00
4,983,850.00
2,977,680.00
40,205,389.26
Return
Rate
5.13%
4.24%
2.03%
5.00%
5.13%
4.93%
4.517%
Interest
683,333.33
375,116.66
936.94
139,388.33
339,118.75
256,400.00
3,635,210.97
Investment
Return
8,683,333.33
3,365,429.96
3,373,000.00
2,135,958.33
5,322,968.75
3,234,080.00
43,840,600.23
CALLS and /or SALES
JULY
AUGUST
SEPTEMBER
NONE
NONE
08/07/2007
06/25/2008
06/23/2008
03/02/2012
06/25/2010
06/23/2010
FN
FA
FA
FNMA
FNMA
FHLMC
09/02/2008
09/25/2008
09/23/2008
2,000,000.00
3,000,000.00
2,000,000.00
5.375%
4.000%
3.600%
1,994,000.00
3,000,000.00
1 ,988,000.00
5.45%
4.00%
3.92%
497,215.28
240,000.00
156,000.00
2,491,215.28
3,240,000.00
2,144,000.00
TOTAL FIRST QUARTER 2008-2009 7,000,000.00 6,982,000.00 4.390% 893,215.28 7,875,215.28
INVESTMENT REPORT
AS OF SEPTEMBER 30, 2008
INVESTMENT
DATE
01/17/2008
04/09/2008
05/21/2007
05/21/2007
09/30/2008
06/27/2005
03/05/2008
04/02/2004
04/16/2004
04/14/2004
04/07/2008
04/28/2004
05/05/2004
11/08/2007
06/11/2008
02/13/2008
03/14/2007
05/15/2007
07/25/2007
08/09/2007
03/05/2008
04/22/2008
02/13/2008
05/05/2008
07/25/2007
08/09/2007
04/04/2008
01/22/2008
01/04/2008
03/13/2008
03/25/2008
05/15/2007
11/01/2006
01/22/2008
08/17/2007
03/14/2007
01/22/2008
02/01/2008
11/13/2007
MATURITY
DATE
10/03/2008
10/09/2008
11/03/2008
12/12/2008
01/13/2009
01/26/2009
02/04/2009
03/16/2009
03/16/2009
03/17/2009
04/07/2009
04/28/2009
05/05/2009
05/12/2009
05/15/2009
05/28/2009
06/12/2009
06/12/2009
06/12/2009
06/12/2009
06/12/2009
06/30/2009
07/09/2009
07/17/2009
07/20/2009
07/20/2009
07/23/2009
07/27/2009
07/30/2009
07/30/2009
07/30/2009
08/01/2009
08/05/2009
08/05/2009
08/17/2009
09/11/2009
09/11/2009
09/11/2009
09/30/2009
TYPE
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
SECURITY
FHLB 4.375% DUE 10/03/08 NON-CALL
FHLB 2.2% DUE 10/09/08 NON-CALL
FNMA 4.900% DUE 11/3/08 NON-CALL
FHLB 5.00% DUE 12/12/08 NON-CALL
FHLB 3.25% DUE 1/13/09 NON-CALL
FNMA 4.00% DUE 01/26/09 CALL 01/26/07
FHLB 5.00% DUE 2/4/09 NON-CALL
FNMA 3.125% DUE 03/16/09 CALL 03/16/06
FNMA 3.125% DUE 03/16/09 CALL 03/16/06
FHLMC 2.5% DUE 3/17/09 CALL 3/17/06
FHLB 2.4% DUE 4/7/09 CALL 10/07/08
FHLMC 2.750% DUE 04/28/09 CALL 04/28/06
FHLMC DUE 05/05/09 CALL 05/05/05
FFC 9.55% DUR 5/12/09 NON-CALL
FNMA 4.25% DUE 5/15/09 NON-CALL
FHLB 4.07% DUE 5/28/09 NON-CALL
FHLB 5.25% DUE 6/12/09 NON-CALL
FHLB 5.25% DUE 6/12/09 NON-CALL
FHLB 5.25% DUE 6/12/09 NON-CALL
FHLB 5.250% DUE 6/12/09 NON-CALL
FHLB 5.250% DUE 6/12/09 NON-CALL
FHLMC 4.10% DUE 6/30/09 NON-CALL
FHLMC 3.25% DUE 7/9/09 NON-CALL
FHLB 5.375% DUE 7/17/09 NON-CALL
FFCB 5.15% DUE 7/20/09 NON-CALL
FFCB 5.150% DUE 7/20/09 NON-CALL
FHLB 3.1% DUE 7/23/09 NON-CALL
FHLB 4.180% DUE 7/27/09 NON-CALL
FHLMC 4.375% DUE 7/30/09 NON-CALL
FHLMC 4.375% DUE 7/30/09 NON-CALL
FHLMC 4.375% DUE 7/30/09 NON-CALL
HUD 4.430% DUE 8/1/09 NON-CALL
FHLB 5.25% DUE 8/05/09 NON-CALL
FHLB 5.25% DUE 8/5/09 NON-CALL
FFCB 5.00% DUE 8/17/09 NON-CALL
FHLB 4.378% DUE 9/11/09 NON-CALL
FHLB 4.375% DUE 9/11/09 NON-CALL
FHLB 5.25% DUE 9/11/09 NON-CALL
FHLMC 3.5% DUE 9/30/09 NON-CALL
PAR
VALUE
1,000,000.00
1 ,000,000.00
3,000,000.00
1 ,000,000.00
2,000,000.00
3,000,000.00
1,315,000.00
3,000,000.00
3,000,000.00
2,000,000.00
2,000,000.00
5,000,000.00
5,000,000.00
2,000,000.00
1 ,005,000.00
1 ,000,000.00
2,000,000.00
5,000,000.00
2,000,000.00
2,000,000.00
4,000,000.00
1 ,000,000.00
2,000,000.00
3,000,000.00
1,000,000.00
2,000,000.00
2,000,000.00
500,000.00
1,270,000.00
1,000,000.00
2,000,000.00
1,000,000.00
5,000,000.00
2,000,000.00
3,000,000.00
2,000,000.00
3,000,000.00
1,000,000.00
1 ,000,000.00
INVESTED
AMOUNT
1,008,094.00
1,000,000.00
2,990,820.00
998,850.00
2,000,000.00
2,993,100.00
1,347,059.70
2,973,270.00
2,913,835.02
1 ,980,625.00
2,000,000.00
5,000,000.00
5,000,000.00
2,155,378.00
1,018,080.08
1,019,418.00
2,022,809.38
5,030,000.00
2,006,972.34
2,015,549.68
4,150,240.00
1,016,880.00
2,020,560.00
3,103,028.04
1 ,001 ,858.80
2,012,808.76
2,019,092.00
508,810.00
1 ,286,826.23
1,027,740.00
2,052,000.00
990,198.00
5,048,115.85
2,070,366.00
3,000,000.00
1,984,643.55
3,070,602.00
1,041,519.37
990,283.25
RETURN
RATE
3.209%
2.200%
5.120%
5.075%
3.250%
4.069%
2.287%
3.321%
3.770%
4.200%
2.400%
3.474%
4.262%
4.190%
2.817%
2.530%
4.705%
4.940%
5.050%
4.800%
2.230%
2.646%
2.500%
2.450%
5.050%
4.800%
2.350%
2.981%
3.500%
2.320%
2.400%
4.900%
4.870%
2.891%
5.000%
4.705%
2.890%
2.600%
4.040%
INTEREST
23,017.11
1 1 ,000.00
222,330.00
79,066.66
18,597.22
436,566.67
28,028.49
491,313.33
547,102.48
415,625.00
48,000.00
875,000.00
1 ,075,000.00
133,244.22
26,547.63
33,152.83
212,857.29
514,687.50
190,485.99
177,825.32
116,343.33
31 ,864.44
70,801 .1 1
90,471 .96
100,425.92
187,755.13
61 ,680.22
22,830.28
70,530.37
32,659.31
65,881 .94
107,754.22
676,675.82
90,925.67
300,000.00
233,377.28
144,137.58
43,073.96
75,536.19
INVESTMENT
RETURN
1,031,111.11
1,011,000.00
3,213,150.00
1,077,916.66
2,018,597.22
3,429,666.67
1,375,088.19
3,464,583.33
3,460,937.50
2,396,250.00
2,048,000.00
5,875,000.00
6,075,000.00
2,288,622.22
1,044,627.71
1,052,570.83
2,235,666.67
5,544,687.50
2,197,458.33
2,193,375.00
4,266,583.33
1 ,048,744.44
2,091,361.11
3,193,500.00
1,102,284.72
2,200,563.89
2,080,772.22
531 ,640.28
1,357,356.60
1,060,399.31
2,117,881.94
1,097,952.22
5,724,791 .67
2,161,291.67
3,300,000.00
2,218,020.83
3,214,739.58
1,084,593.33
1,065,819.44
TERM
(Days)
260
183
532
571
105
1,309
336
1,809
1,795
1,798
365
1,826
1,826
551
338
470
821
759
688
673
464
434
512
438
726
711
475
552
573
504
492
809
1,008
561
731
912
598
588
687
m
X
^DOi— i
— 1
— 1
INVESTMENT REPORT
AS OF SEPTEMBER 30, 2008
INVESTMENT
DATE
03/19/2007
03/05/2008
01/22/2008
03/06/2008
01/28/2008
01/31/2008
01/22/2008
01/22/2008
01/22/2008
02/01/2008
02/04/2008
02/04/2008
01/28/2008
01/31/2008
09/29/2008
01/28/2008
09/17/2008
02/04/2008
02/13/2008
04/02/2008
04/22/2008
01/28/2008
04/28/2008
07/25/2007
04/22/2008
05/05/2008
12/21/2007
02/26/2008
05/08/2008
08/05/2008
10/09/2007
07/25/2007
07/15/2008
03/12/2008
02/20/2008
02/13/2008
10/30/2007
02/12/2008
09/18/2007
09/26/2007
MATURITY
DATE
10/02/2009
10/23/2009
10/28/2009
11/06/2009
11/13/2009
11/13/2009
11/16/2009
11/18/2009
12/11/2009
01/29/2010
02/04/2010
02/04/2010
02/12/2010
02/12/2010
02/12/2010
03/08/2010
03/10/2010
03/12/2010
03/12/2010
03/12/2010
04/07/2010
04/28/2010
04/28/2010
05/03/2010
05/11/2010
05/14/2010
05/28/2010
06/11/2010
06/11/2010
06/16/2010
06/22/2010
07/06/2010
07/15/2010
07/26/2010
07/28/2010
07/30/2010
08/10/2010
08/12/2010
08/23/2010
09/10/2010
TYPE
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
SECURITY
FHLB 5.0% DUE 10/2/09 NON-CALL
FFCB 5.00% DUE 10/23/09 NON-CALL
FNMA 4.0% DUE 10/28/09 NON-CALL
FFCB 4.350% DUE 11/06/09 NON-CALL
FFCB 4.125% DUE 11/13/09 NON-CALL
FHLB 4.25% DUE 11/13/09 NON-CALL
FNMA 4.0% DUE 11/16/09 NON-CALL
FHLMC 4.125% DUE 11/18/09 NON-CALL
FHLB 5.0% DUE 12/11/09 NON-CALL
FHLMC 3.25% DUE 1/29/10 CALL 7/29/08
FHLB 3.00% DUE 2/04/10 CALL 11/4/08
FHLB 3.20% DUE 2/4/10 CALL 8/4/08
FHLB 3.875% DUE 2/12/10 NON-CALL
FHLB 37.375% DUE 2/12/10 NON-CALL
FHLMC 3.125% DUE 2/12/10 NON- CALL
FNMA 4.40% DUE 03/08/10 NON-CALL
FHLMC 3.00% DUE 3/10/10 CALL 12/10/08
FHLB 2.375% DUE 3/12/10 NON-CALL
FHLB 2.375% DUE 3/12/10 NON-CALL
FHLB 2.750% DUE 3/12/10 NON-CALL
FFCB 2.375% DUE 4/7/10 NON-CALL
FHLMC 4.02% DUE 4/28/10 NON-CALL
FNMA 3.0% DUE 4/28/10 CALL 4/28/09
FFCB 4.780% DUE 5/03/10 NON-CALL
FFCB 5.320% DUE 5/11/10 NON-CALL
FHLB 7.625% DUE 5/14/10 NON-CALL
FNMA 3.625% DUE 5/28/10 NON-CALL
FHLB 4.25% DUE 6/11/10 NON-CALL
FHLB 3.00% DUE 6/11/10 NON-CALL
FHLMC 3.50% DUE 6/16/10 NON-CALL
FHLB 4.5% DUE 6/22/10 NON-CALL
FNMA 5.125% DUE 7/6/10 NON-CALL
FFCB 3.200% DUE 7/15/10 NON-CALL
FHLB 4.44% DUE 7/26/10 NON-CALL
FNMA 4.70% DUE 7/28/10 NON-CALL
FHLB 5.00% DUE 7/30/10 NON-CALL
FHLB 4.7% DUE 8/10/10 NON-CALL
FHLB 3.190% DUE 8/12/10 CALL 8/12/08
FHLMC 5.125% DUE 8/23/10 NON-CALL
FHLB 5.125% DUR 9/10/10 NON-CALL
PAR
VALUE
3,000,000.00
2,000,000.00
500,000.00
1,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
2,080,000.00
3,000,000.00
3,000,000.00
650,000.00
1,000,000.00
1,000,000.00
2,000,000.00
3,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
1,500,000.00
3,000,000.00
2,000,000.00
1,000,000.00
3,000,000.00
2,000,000.00
1 ,000,000.00
1,000,000.00
3,000,000.00
3,000,000.00
1 ,000,000.00
1 ,000,000.00
1 ,000,000.00
3,000,000.00
2,550,000.00
1 ,000,000.00
3,000,000.00
3,000,000.00
2,000,000.00
INVESTED
AMOUNT
3,014,820.00
2,090,620.00
508,645.00
1,031,080.00
2,049,060.00
1,024,930.00
2,038,020.00
2,124,168.80
3,114,720.00
3,000,000.00
650,000.00
1 ,000,000.00
1,020,550.00
2,177,668.00
2,997,750.00
2,064,240.00
2,000,000.00
1 ,989,880.00
1 ,994,095.84
1,006,020.00
1,984,800.00
1,537,935.00
2,999,250.00
1,981,720.00
1,050,120.00
3,273,695.78
1 ,996,499.26
1 ,030,795.00
999,862.00
3,010,680.00
2,991,510.00
1 ,000,640.00
1,000,000.00
1,043,000.00
3,134,430.00
2,688,248.25
1,009,328.80
3,000,000.00
3,048,120.00
2,034,188.23
RETURN
RATE
4.790%
2.160%
2.986%
2.434%
2.711%
2.805%
2.916%
2.918%
2.900%
3.250%
3.000%
3.200%
2.830%
2.841%
3.180%
2.821%
3.000%
2.622%
2.520%
2.430%
2.776%
2.850%
3.013%
5.135%
2.790%
2.950%
3.700%
2.849%
3.005%
3.300%
4.610%
5.100%
3.200%
2.559%
2.786%
2.710%
4.337%
3.190%
4.530%
4.500%
INTEREST
365,596.67
72,713.33
26,688.33
41 ,420.00
98,752.50
50,861.67
107,313.33
112,177.87
168,196.67
194,458.33
39,000.00
64,000.00
58,456.94
122,248.67
130,635.42
121,537.78
88,833.33
110,133.89
104,730.55
47,452.22
108,220.83
97,740.00
180,750.00
283,304.44
59,087.78
189,522.97
180,118.80
66,482.78
62,888.00
185,028.33
373,365.00
150,405.14
64,000.00
62,326.67
209,453.33
175,897.58
121,226.76
239,250.00
402,452.92
268,756.21
INVESTMENT
RETURN
3,380,416.67
2,163,333.33
535,333.33
1,072,500.00
2,147,812.50
1,075,791.67
2,145,333.33
2,236,346.67
3,282,916.67
3,194,458.33
689,000.00
1,064,000.00
1,079,006.94
2,299,916.67
3,128,385.42
2,185,777.78
2,088,833.33
2,100,013.89
2,098,826.39
1,053,472.22
2,093,020.83
1 ,635,675.00
3,180,000.00
2,265,024.44
1,109,207.78
3,463,218.75
2,176,618.06
1,097,277.78
1,062,750.00
3,195,708.33
3,364,875.00
1,151,045.14
1,064,000.00
1,105,326.67
3,343,883.33
2,864,145.83
1,130,555.56
3,239,250.00
3,450,572.92
2,302,944.44
TERM
(Days)
928
597
645
610
655
652
664
666
689
728
731
731
746
743
501
770
539
767
758
709
715
821
730
1,013
749
739
889
836
764
680
987
1,077
730
866
889
898
1,015
912
1,070
1,080
INVESTMENT REPORT
AS OF SEPTEMBER 30,2008
INVESTMENT
DATE
05/08/2008
09/26/2007
10/30/2007
04/07/2008
05/05/2008
1 1/04/2005
11/14/2005
11/17/2005
04/07/2008
12/15/2005
01/07/2008
09/12/2008
02/09/2006
02/24/2006
03/29/2006
04/28/2006
05/03/2006
05/17/2006
06/09/2006
11/01/2006
02/20/2008
03/24/2006
04/20/2006
04/28/2006
11/20/2007
01/28/2008
08/06/2008
08/31/2007
05/08/2008
09/17/2008
03/15/2007
06/30/2006
08/07/2008
03/09/2007
08/01/2007
08/31/2007
05/08/2008
03/19/2007
03/05/2008
( 08/26/2008
MATURITY
DATE
09/10/2010
09/13/2010
10/01/2010
10/15/2010
10/22/2010
11/04/2010
11/04/2010
11/17/2010
12/10/2010
12/15/2010
01/07/2011
01/24/2011
02/09/2011
02/24/201 1
02/24/2011
02/24/201 1
02/24/2011
02/24/201 1
02/24/201 1
02/24/201 1
03/11/2011
03/24/201 1
04/06/2011
04/06/2011
05/20/201 1
05/20/2011
06/02/201 1
06/10/2011
06/10/2011
06/10/2011
06/15/2011
06/30/2011
07/07/2011
07/14/2011
07/15/2011
07/15/2011
07/15/2011
08/15/2011
08/19/2011
08/26/201 1
TYPE
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
SECURITY
FHLB 3.00% DUE 9/10/10 NON-CALL
FFCB 5.25% DUE 9/13/10 NON-CALL
FHLMC 5.00% DUE 10/01/10 CALL 10/01/08
FNMA 5.00% DUE 10/15/10 CALL 10/15/08
FHLB 4.375% DUE 10/22/10 NON-CALL
FHLMC 4.8% DUE 11/04/10 CALL 11/04/08
FHLMC 4.8% DUE 11/04/10 CALL 11/04/08
FHLB 5.03% DUE 11/17/10 CALL 11/17/08
FHLMC 3.5% DUE 12/10/10 CALL 12/10/08
FHLMC 5.035% DUE 12/15/10 CALL 12/15/08
FHLB 4.125% DUE 1/7/11 CALL 1/7/09
FFCB 3.85% DUE 1/24/11 CALL 9/18/08
FHLB 5.00% DUE 2/9/11 CALL 2/09/09
FHLB 5.15% DUE 2/24/11 CALL 2/24/09
FHLMC 5.25% DUE 2/24/11 CALL 2/24/09
FHLMC 5.25% DUE 2/24/11 CALL 2/24/09
FHLMC 5.25% DUE 2/24/11 CALL 2/24/09
FNMA 5.16% DUE 2/24/11 CALL 24/09
FHLMC 5.25% DUE 2/24/11 CALL 2/24/09
FHLMC 5.25% DUE 2/24/11 CALL 2/24/09
FHLB 2.875% DUE 3/11/11 NON-CALL
FHLB 5.25% DUE 3/24/11 CALL 3/24/09
FNMA 5.25% DUE 4/6/11 CALL 4/06/09
FNMA 5.25% DUE 4/6/11 CALL 4/06/09
FHLB 4.5% DUE 5/20/11 CALL 11/20/09
FHLB 4.5% DUE 5/20/11 CALL 11/20/09
FHLMC 3.125% DUE 6/2/11 CALL 12/02/08
FHLB 5.275% DUE 6/10/11 NON-CALL
FHLB 5.25% DUE 6/10/11 NON-CALL
FHLB 5.25% DUE 6/10/11 NON-CALL
FHLMC 5.03% DUE 6/15/11 CALL 6/15/09
FHLB 5.650% DUE 6/30/11 CALL 6/30/09
FNMA 4.00% DUE 07/07/11 CALL 07/07/09
FNMA 3.64% DUE 7/14/11 NON-CALL
FAMCA 5.50% DUE 7/15/11 NON-CALL
FAMCA 5.50% DUE 7/15/11 NON-CALL
FAMCA 5.5% DUE 7/15/11 NON-CALL
FHLB 5.75% DUE 8/15/11 NON-CALL
FHLB 3.55% DUE 8/19/11 NON-CALL
FNMA 4.0% DUE 8/26/11 CALL 8/26/09
PAR
VALUE
2,000,000.00
2,000,000.00
3,000,000.00
1,000,000.00
1,000,000.00
5,000,000.00
5,000,000.00
5,000,000.00
2,000,000.00
5,000,000.00
3,000,000.00
3,000,000.00
5,000,000.00
3,320,000.00
3,000,000.00
5,000,000.00
3,000,000.00
3,000,000.00
3,000,000.00
5,000,000.00
3,000,000.00
3,000,000.00
3,000,000.00
2,421,000.00
2,000,000.00
3,000,000.00
3,000,000.00
1,000,000.00
1,000,000.00
2,000,000.00
5,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
3,000,000.00
629,000.00
2,000,000.00
3,000,000.00
1 ,000,000.00
1,000,000.00
INVESTED
AMOUNT
1 ,994,876.00
2,041,700.00
3,010,560.00
1,013,145.00
1,032,893.26
4,970,500.00
4,945,500.00
5,000,000.00
2,011,980.00
5,000,000.00
3,000,000.00
3,000,000.00
5,000,000.00
3,320,000.00
2,991,000.00
4,954,450.00
2,971 ,860.00
2,958,763.29
2,967,775.85
5,015,000.00
2,993,378.76
3,000,000.00
2,976,375.00
2,396,790.00
2,016,000.00
3,078,630.00
2,989,500.00
1,020,930.00
1,055,434.00
2,132,207.14
5,000,000.00
2,000,000.00
1,996,500.00
1 ,909,480.00
3,034,380.00
644,775.32
2,116,712.00
3,111,810.00
1 ,000,000.00
999,500.00
RETURN
RATE
3.115%
4.490%
4.868%
4.443%
2.980%
4.935%
5.050%
5.030%
3.265%
5.035%
4.125%
3.850%
5.000%
5.150%
5.319%
5.466%
5.473%
5.489%
5.510%
5.169%
2.950%
5.250%
5.433%
4.483%
4.252%
3.651%
4.223%
4.761%
3.345%
2.720%
5.030%
5.650%
4.063%
4.805%
5.175%
4.781%
3.545%
4.800%
3.550%
4.018%
INTEREST
145,457.34
269,508.33
427,356.67
112,966.11
74,901.88
1,229,500.00
1,247,833.33
1,257,500.00
175,270.00
1,258,750.00
371,250.00
273,350.00
1,250,000.00
854,900.00
781,187.50
1,311,383.33
785,452.50
779,546.71
773,786.65
1,117,395.83
270,402.49
787,500.00
805,000.00
651,955.12
299,000.00
368,370.00
359,458.33
181,976.25
106,732.67
154,501.19
1,068,875.00
565,000.00
236,833.33
406,997.78
618,286.67
118,184.21
233,760.22
648,148.33
122,672.22
120,500.00
INVESTMENT
RETURN
2,140,333.34
2,311,208.33
3,437,916.67
1,126,111.11
1,107,795.14
6,200,000.00
6,193,333.33
6,257,500.00
2,187,250.00
6,258,750.00
3,371,250.00
3,273,350.00
6,250,000.00
4,174,900.00
3,772,187.50
6,265,833.33
3,757,312.50
3,738,310.00
3,741,562.50
6,132,395.83
3,263,781.25
3,787,500.00
3,781,375.00
3,048,745.12
2,315,000.00
3,447,000.00
3,348,958.33
1 ,202,906.25
1,162,166.67
2,286,708.33
6,068,875.00
2,565,000.00
2,233,333.33
2,316,477.78
3,652,666.67
762,959.53
2,350,472.22
3,759,958.33
1,122,672.22
1,120,000.00
TERM
(Days)
855
1,083
1,067
921
900
1,826
1,816
1,826
977
1,826
1,096
864
1,826
1,826
1,793
1,763
1,758
1,744
1,721
1,576
1,115
1,826
1,812
1,804
1,277
1,208
1,030
1,379
1,128
996
1,553
1,826
1,064
1,588
1,444
1,414
1,163
1,610
1,262
1,095
INVESTMENT REPORT
AS OF SEPTEMBER 30, 2008
INVESTMENT
DATE
05/29/2008
03/05/2007
03/15/2007
10/30/2007
03/15/2007
10/05/2007
12/13/2007
10/19/2007
03/05/2008
03/19/2007
06/02/2008
05/12/2008
02/13/2008
03/26/2007
03/26/2007
04/20/2007
08/17/2007
05/21/2007
07/25/2007
07/25/2007
07/25/2007
07/15/2008
03/18/2008
08/07/2007
12/10/2007
08/05/2008
07/30/2007
08/13/2008
09/10/2007
05/05/2008
08/22/2008
10/29/2007
10/29/2007
12/10/2007
10/22/2007
12/14/2007
11/28/2007
12/06/2007
06/03/2008
12/14/2007
MATURITY
DATE
08/29/2011
09/09/2011
09/09/201 1
09/15/2011
10/05/2011
10/05/2011
10/06/2011
10/19/2011
10/27/2011
11/18/2011
12/02/2011
01/23/2012
02/13/2012
03/26/2012
03/26/2012
03/26/2012
04/03/2012
04/12/2012
05/23/2012
06/08/2012
06/08/2012
06/08/2012
06/26/2012
06/29/2012
07/20/2012
07/23/2012
07/30/2012
08/13/2012
09/10/2012
09/14/2012
09/14/2012
10/01/2012
10/15/2012
10/17/2012
10/22/2012
10/22/2012
10/30/2012
10/30/2012
11/13/2012
11/14/2012
TYPE
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
SECURITY
FHLMC 3.53% DUE 8/29/11 CALL 5/29/09
FHLB 5.00% DUE 9/9/11 NON-CALL
FHLB 5.00% DUE 9/9/11 NON-CALL
FHLMC 5.50% DUE 9/15/11 NON-CALL
FHLB 4.875% DUE 10/05/11 NON-CALL
FHLB 4.9% DUE 10/05/11 CALL 10/05/09
FHLB 5.25% CUE 10/06/11 CALL 10/06/08
FHLB 5.00% DUE 10/19/11 CALL 10/19/09
FHLB 5.30% DUE 10/27/11 CALL 10/27/09
FHLB 4.875% DUE 11/18/11 NON-CALL
FHLMC 4.0% DUE 12/02/11 CALL 12/02/08
FHLB 3.52% DUE 1/23/12 CALL 1/23/09
FFCB 3.875% DUE 2/13/12 ONE TIME CALL 5/13/08
FHLMC 5.0% DUE 3/26/12 CALL 3/26/10
FHLMC 5.0% DUE 3/26/12 CALL 3/26/10
FHLMC 5.0% DUE 3/26/12 CALL 3/26/10
FHLMC 5.25% DUE 4/3/12 CALL
FFCB 4.875% DUE 4/12/12 NON-CALL
TVA 6.790% DUE 5/23/12 NON-CALL
FHLB 5.375% DUE 6/8/12 NON-CALL
FHLB 5.375% DUE 6/8/12 NON-CALL
FHLB 4.375% DUE 6/8/12 NON-CALL
FHLB 5.750% DUE 6/26/12 CALL 6/26/09
FNMA 5.625% DUE 6/29/12 CALL 12/29/08
FHLB 5.58% DUE 7/20/12 CALL 7/20/10
FFCB 3.950% DUE 7/23/12 NON-CALL
FHLB 5.52% DUE 7/30/12 CALL 7/30/10
FHLB 4.35% DUE 8/13/12 CALL 8/13/10
FNMA 5.20% DUE 9/10/12 CALL 9/13/09
FHLB 5.00% DUE 9/14/12 NON-CALL
FHLB 4.5% DUE 9/14/12 NON-CALL
FHLMC 5.25% DUE 10/01/12 CALL 10/01/08
FHLMC 5.05% DUE 10/15/12 CALL 10/15/09
FFCB 4.5% DUE 10/17/12 NON-CALL
FHLB 5.00% DUE 10/22/12 CALL 4/22/10
FHLB 5.25% DUE 10/22/12 CALL 10/22/08
FNMA 5.00% DUE 10/30/12 CALL 10/30/09
FNMA 5.00% DUE 10/30/12 CALL 10/30/09
FNMA 6.41% DUE 11/13/12 NON-CALL
FHLB 5.025% DUE 11/14/12 CALL 11/14/08
PAR
VALUE
1,000,000.00
2,000,000.00
3,000,000.00
3,000,000.00
3,000,000.00
2,000,000.00
1 ,000,000.00
3,000,000.00
2,000,000.00
3,000,000.00
2,000,000.00
1 ,000,000.00
1 ,000,000.00
2,000,000.00
3,000,000.00
1 ,000,000.00
3,000,000.00
2,000,000.00
2,000,000.00
1,000,000.00
1 ,000,000.00
3,000,000.00
2,000,000.00
2,000,000.00
1 ,000,000.00
2,000,000.00
1,770,000.00
2,000,000.00
1,000,000.00
1,175,000.00
1 ,000,000.00
1 ,000,000.00
1,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
3,000,000.00
2,000,000.00
1,807,000.00
2,000,000.00
INVESTED
AMOUNT
1,000,000.00
2,018,200.00
3,032,352.00
3,117,300.00
3,018,777.00
2,000,000.00
1 ,009,692.00
3,000,000.00
2,085,000.00
3,009,690.00
2,000,000.00
1 ,000,000.00
998,700.00
2,000,000.00
3,000,000.00
999,687.50
2,998,500.00
1,987,880.00
2,130,980.00
1,005,040.00
1 ,005,254.43
3,050,958.11
2,075,680.00
2,005,000.00
1,037,000.00
2,002,900.00
1,770,000.00
1 ,999,500.00
1,000,000.00
1,238,814.19
1,022,730.00
1,005,781.25
1,006,875.00
2,034,780.00
2,000,000.00
2,008,162.00
3,033,000.00
2,030,000.00
1 ,990,388.82
2,006,200.00
RETURN
RATE
3.530%
4.773%
4.730%
4.390%
4.720%
4.900%
4.966%
5.000%
4.033%
4.795%
4.000%
3.521%
3.910%
5.000%
5.000%
5.006%
5.261%
5.015%
5.235%
5.255%
5.250%
3.900%
4.760%
5.564%
4.677%
3.910%
5.520%
4.357%
5.200%
3.640%
3.889%
5.115%
4.892%
4.100%
5.000%
5.152%
4.746%
4.653%
3.890%
4.952%
INTEREST
114,725.00
432,911.11
640,148.00
522,075.00
647,473.00
392,000.00
190,537.17
600,000.00
301,311.11
672,403.75
280,000.00
130,142.22
156,300.00
500,000.00
750,000.00
246,979.17
730,375.00
489,057.50
524,632.22
256,692.64
256,478.21
460,552.31
415,625.56
545,625.00
220,300.00
310,466.67
488,520.00
348,500.00
260,000.00
192,237.89
160,020.00
252,635.42
243,661.11
401 ,970.00
500,000.00
501,671.33
705,333.33
460,000.00
331 ,405.40
487,925.00
INVESTMENT
RETURN
1,114,725.00
2,451,111.11
3,672,500.00
3,639,375.00
3,666,250.00
2,392,000.00
1,200,229.17
3,600,000.00
2,386,311.11
3,682,093.75
2,280,000.00
1,130,142.22
1,155,000.00
2,500,000.00
3,750,000.00
1 ,246,666.67
3,728,875.00
2,476,937.50
2,655,612.22
1,261,732.64
1,261,732.64
3,511,510.42
2,491 ,305.56
2,550,625.00
1,257,300.00
2,313,366.67
2,258,520.00
2,348,000.00
1,260,000.00
1,431,052.08
1,182,750.00
1,258,416.67
1,250,536.11
2,436,750.00
2,500,000.00
2,509,833.33
3,738,333.33
2,490,000.00
2,321,794.22
2,494,125.00
TERM
(Days)
1,187
1,649
1,639
1,416
1,665
1,461
1,393
1,461
1,331
1,705
1,278
1,351
1,461
1,827
1,827
1,802
1,691
1,788
1,764
1,780
1,780
1,424
1,561
1,788
1,684
1,448
1,827
1,461
1,827
1,593
1,484
1,799
1,813
1,773
1,827
1,774
1,798
1,790
1,624
1,797
INVESTMENT REPORT
AS OF SEPTEMBER 30, 2008
INVESTMENT
DATE
12/21/2007
12/21/2007
01/23/2008
01/14/2008
01/28/2008
02/04/2008
02/20/2008
03/10/2008
03/18/2008
05/08/2008
05/14/2008
06/10/2008
08/27/2008
08/13/2008
03/02/2008
04/24/2007
05/23/2007
11/03/2006
11/01/2007
01/30/2008
01/31/2008
04/09/2008
03/19/2008
11/01/2007
03/19/2008
02/03/2006
01/31/2008
03/16/2007
10/11/2007
09/28/2007
02/17/2006
03/30/2006
06/20/2006
04/19/2006
06/12/2006
MATURITY
DATE
12/21/2012
12/21/2012
01/07/2013
01/14/2013
01/28/2013
01/30/2013
02/20/2013
03/08/2013
03/18/2013
05/06/2013
05/14/2013
06/10/2013
07/17/2013
08/13/2013
03/02/2009
08/03/2009
08/10/2009
09/10/2009
10/27/2009
01/15/2010
01/15/2010
01/15/2010
06/15/2010
07/01/2010
07/01/2010
07/29/2010
08/09/2010
08/15/2010
08/15/2010
08/16/2010
02/14/2011
02/14/2011
02/14/2011
03/01/2011
04/28/201 1
TYPE
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
CD
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
SECURITY
FHLMC 4.375% DUE 12/21/12 CALL 12/21/09
FHLMC 4.375% DUE 12/21/12 CALL 12/21/09
FHLB 4.7% DUE 1/7/13 CALL 1/7/10
FHLB 4.25% DUE 01/14/13 CALL 10/14/08
FHLB 4.20% DUE 01/28/13 CALL 01/28/09
FHLB 4.35% DUE 1/30/13 CALL 1/30/09
FHLB 4.00% DUE 2/20/13 CALL 2/20/09
FHLB 3.50% DUE 3/8/13 NON-CALL
FHLMC 4.00% DUE 3/18/13 CALL 12/18/08
FNMA 4.35$% DUE 5/06/13 CALL 11/06/08
FHLB 4.00% DUE 5/14/13 CALL 5/15/10
FHLMC 4.0% DUE 6/10/13 CALL 6/10/09
FNMA 4.375% DUE 7/17/13 NON-CALL
FFCB 4.9% DUE 8/13/13 CALL 11/13/08
WELLS FARGO BANK 9218910637
BANK OF AMERICA 4.625% DUE 8/3/09 NON-CALL
WAL-MART 6.875% DUE 8/10/09 NON-CALL
MERRILL LYNCH 4.125% DUE 9/10/09 NON-CALL
GENERAL ELECTRIC 5.250% DUE 10/27/09 NON-CAl
BERKSHIRHATWY 4.125% DUE 1/15/10 NON-CALL
BERKSHIRHATWY 4.125% DUE 1/15/10 NON-CALL
WELLS FARGO CO 4.2% DUE 1/15/10 NON-CALL
GOLDMAN SACHS 4.50% DUE 6/15/10 NON-CALL
WAL-MART 4.125% DUE 7/01/10 NON-CALL
WAL-MART 4.125% DUE 7/01/10 NON-CALL
US BANCORP 4.50% DUE 7/29/10 NON-CALL
WELLS FARGO 4.625% DUE 08/09/10 NON-CALL
WAL-MART 4.75% DUE 8/15/10 NON-CALL
WAL-MART 4.75% DUE 8/15/10 NON-CALL
NEW YORK LIFE 4.625% DUE 8/16/10 NON-CALL
CITIGROUP 5.125% DUE 2/14/11 NON-CALL
CITIGROUP 5.125% DUE 2/14/11 NON-CALL
CITIGROUP 5.125% DUE 2/14/11 NON-CALL
HOME DEPOT 5.20% DUE 3/1/11 NON-CALL
GENERAL ELECTRIC 5.50% DUE 4/28/11 NON-CALL
1/09
1/09
3
9
18
fl
SUB-TOTAL
SUB-TOTAL
MON-CALL
ML
ON-CALL
/09 NON-CAl
NON-CALL
NON-CALL
ON-CALL
ION-CALL
\Ll
IVLL
3ALL
DN-CALL
LL
LL
ON-CALL
ALL
ALL
ALL
ALL
1 NON-CALL
PAR
VALUE
5,000,000.00
4,000,000.00
2,000,000.00
3,000,000.00
3,000,000.00
4,000,000.00
4,000,000.00
3,000,000.00
1 ,000,000.00
2,000,000.00
2,000,000.00
3,000,000.00
2,000,000.00
1 ,000,000.00
388,492,000.00
33,000.00
33,000.00
2,000,000.00
5,000,000.00
5,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1,000,000.00
1 ,000,000.00
1,000,000.00
2,000,000.00
3,000,000.00
2,000,000.00
3,000,000.00
2,000,000.00
1,000,000.00
5,000,000.00
2,000,000.00
2,000,000.00
3,000,000.00
3,000,000.00
INVESTED
AMOUNT
5,000,000.00
4,000,000.00
2,056,800.00
3,000,000.00
3,000,000.00
4,040,000.00
4,000,000.00
2,963,940.00
999,000.00
2,002,800.00
2,000,000.00
2,998,500.00
2,035,600.00
1 ,000,000.00
392,084,390.93
33,000.00
33,000.00
1,983,918.00
5,187,303.82
4,884,751.43
2,030,120.00
2,040,548.16
2,038,582.81
1,018,383.81
1,025,648.53
991,910.00
2,060,389.92
2,952,150.09
2,063,614.72
3,002,689.16
1 ,993,580.00
987,620.00
5,000,000.00
1,991,793.10
1,969,446.60
2,974,590.00
3,006,145.34
RETURN
RATE
4.675%
4.675%
4.061%
4.250%
4.200%
4.126%
4.000%
3.765%
4.022%
4.318%
4.000%
4.717%
3.970%
4.900%
4.157%
1.880%
1.880%
5.000%
5.060%
5.000%
4.450%
3.050%
3.100%
3.120%
3.300%
4.448%
2.750%
4.900%
3.300%
4.720%
4.870%
5.090%
5.125%
5.220%
5.500%
5.400%
5.450%
INTEREST
1,168,750.00
935,000.00
409,022.22
637,500.00
630,000.00
828,066.67
800,000.00
560,476.67
201 ,000.00
431,716.67
320,000.00
714,000.00
392,177.78
245,000.00
60,702,507.63
13,081.60
13,081.60
226,519.50
573,720.49
703,633.99
178,713.33
121,014.34
122,750.52
55,816.19
75,101.47
118,090.00
127,985.08
653,849.91
169,690.84
483,790.01
276,642.22
145,734.17
1,279,114.58
507,609.68
507,178.40
784,610.00
798,687.99
INVESTMENT
RETURN
6,168,750.00
4,935,000.00
2,465,822.22
3,637,500.00
3,630,000.00
4,868,066.67
4,800,000.00
3,524,416.67
1 ,200,000.00
2,434,516.67
2,320,000.00
3,712,500.00
2,427,777.78
1,245,000.00
452,786,898.56
503,847.08
503,847.08
2,210,437.50
5,761,024.31
5,588,385.42
2,208,833.33
2,161,562.50
2,161,333.33
1,074,200.00
1,100,750.00
1,110,000.00
2,188,375.00
3,606,000.00
2,233,305.56
3,486,479.17
2,270,222.22
1,133,354.17
6,279,114.58
2,499,402.78
2,476,625.00
3,759,200.00
3,804,833.33
TERM
(Days)
1,827
1,827
1,811
1,827
1,827
1,822
1,827
1,824
1,826
1,824
1,826
1,826
1,785
1,826
1,200
365
365
832
810
1,042
726
716
715
646
818
973
834
1,637
921
1,248
1,039
1,053
1,823
1,782
1,700
1,777
1,781
INVESTMENT REPORT
AS OF SEPTEMBER 30,2008
INVESTMENT
DATE
04/16/2007
05/21/2007
05/30/2008
05/30/2008
05/29/2007
03/20/2007
10/11/2007
11/15/2007
04/30/2008
08/31/2007
05/30/2008
07/17/2008
08/31/2007
10/31/2007
11/23/2007
01/30/2008
04/24/2008
05/07/2008
05/30/2008
05/09/2008
MATURITY
DATE
04/28/2011
05/18/2011
08/26/201 1
09/15/2011
11/15/2011
02/15/2012
02/15/2012
02/15/2012
04/16/2012
06/15/2012
06/15/2012
07/15/2012
08/15/2012
10/19/2012
10/19/2012
10/23/2012
04/10/2013
04/10/2013
04/30/2013
05/09/2013
TYPE
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
O
0
O
O
O
O
O
SECURITY
GENERAL ELECTRIC 5.50% DUE 4/28/11 NON-CALL
TOYOTA 5.450% DUE 5/18/1 1 NON-CALL
WELLS FARGO CO 5.30% DUE 8/26/1 1 NON-CALL
GENWORTH GLOBAL 5.375% DUE 9/15/11 NON-CAL
GENERAL ELECTRIC 5.50% DUE 1 1/1 5/1 1 CALL 1 1/1
GENERAL ELECTRIC 5.875% DUE 2/15/12 NON-CAL1
GENERAL ELETRIC 5.875% DUE 2/15/12 NON-CALL
GENERAL ELETRIC 5.875% DUE 2/15/12 NON-CALL
PRINCIPAL LIFE INC 4.5% DUE 4/16/12 NON-CALL
GENERAL ELECTRIC 6.00% DUE 6/15/12 NON-CALL
GENERAL ELECTRIC 6.00% DUE 6/15/12 NON-CALL
PROTECTIVE LIFE 5.050% DUE 7/15/12 NON-CALL
JOHNSON & JOHNSON 5.15% DUE 8/15/12 NON-CAl
GENERAL ELECTRIC 5.250% DUE 10/19/12 NON-CAl
GENERAL ELECTRIC 5.250% DUE 10/19/12 NON-CAl
WELLS FARGO 5.250% DUE 10/23/12 NON-CALL
MET LIFE GLOBAL FUNDING 5.125% DUE 4/10/13 NC
MET LIFE GLOBAL FUNDING 5.125% DUE 4/10/13 NC
ALLSTATE LIFE 5.375% DUE 4/30/13 NON-CALL
NEW YORK LIFE 4.650% DUE 5/9/13 NON-CALL
SUB-TOTAL
WELLS FARGO BANK
CORPORATE CASH MANAGEMENT ACCOUNT
UNION TRUST
L A I F WATER DISTRICT
L A I F PUBLIC IMPROVEMENT CORPORATION
L A I F PUBLIC FINANCING CORPORATION
L A I F CITY OF CARLSBAD
SUB-TOTAL
PAR
VALUE
3,000,000.00
4,000,000.00
1,000,000.00
2,000,000.00
1 ,850,000.00
5,956,000.00
3,000,000.00
2,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
3,000,000.00
1 ,000,000.00
2,000,000.00
2,000,000.00
1 ,000,000.00
1,000,000.00
2,000,000.00
2,000,000.00
1,000,000.00
89,806,000.00
1 ,091 ,054.00
2,328,194.44
500.00
14,259,000.00
8,411,589.16
14,827,000.00
16,446,000.00
57,363,337.60
INVESTED
AMOUNT
3,048,646.38
4,054,280.00
1,032,919.79
2,016,628.76
1 ,850,000.00
6,187,688.40
3,089,347.40
2,089,414.35
1 ,000,000.00
1,033,437.31
1 ,052,958.51
3,000,000.00
1,017,457.28
2,036,663.70
2,065,283.50
1,042,814.41
1 ,003,232.48
2,019,402.04
2,023,559.81
1 ,006,649.66
90,873,569.27
1,091,054.00
2,328,194.44
500.00
14,259,000.00
8,411,589.16
14,827,000.00
16,446,000.00
57,363,337.60
RETURN
RATE
5.050%
5.070%
4.200%
5.100%
5.500%
4.970%
5.100%
4.700%
4.500%
5.200%
4.550%
5.050%
4.750%
4.830%
4.500%
4.240%
5.050%
4.900%
5.100%
4.500%
4.769%
0.875%
0.875%
2.680%
2.780%
2.780%
2.780%
2.780%
2.666%
INTEREST
616,853.62
815,903.33
138,741.32
344,093.46
453,918.06
1 ,483,867.09
676,360.93
409,960.65
178,375.00
253,896.02
189,541.49
605,158.33
237,753.83
484,836.30
449,799.83
205,539.76
251,024.46
485,410.46
504,981 .86
225,850.34
16,922,118.85
26.16
55.81
0.04
1,101.11
649.56
1,144.97
1 ,270.00
4,247.65
INVESTMENT
RETURN
3,665,500.00
4,870,183.33
1,171,661.11
2,360,722.22
2,303,918.06
7,671,555.49
3,765,708.33
2,499,375.00
1,178,375.00
1,287,333.33
1,242,500.00
3,605,158.33
1,255,211.11
2,521 ,500.00
2,515,083.33
1,248,354.17
1 ,254,256.94
2,504,812.50
2,528,541.67
1,232,500.00
107,795,688.12
1,091,080.16
2,328,250.25
500.04
14,260,101.11
8,412,238.72
14,828,144.97
16,447,270.00
57,367,585.25
TERM
(Days)
1,473
1,458
1,183
1,203
1,631
1,793
1,588
1,553
1,447
1,750
1,477
1,459
1,811
1,815
1,792
1,728
1,812
1,799
1,796
1,826
1,382
1
1
1
1
1
1
1
GRAND TOTAL 535,694,337.60 540,354,297.80 4.101% 16,939,448.10 165,667,120.45
EXHIBIT 8
CITY OF CARLSBAD
Fund Equity in Pooled Investments
AS OF SEPTEMBER 30, 2008
Cash Balance by Fund:
General 52,879,385
Special Revenue 44,737,901
Debt Service 2,661,156
Capital Projects:
General Capital Construction 66,321,133
Traffic Impact Fees 14,018,857
Public Facilities Fees 42,017,171
Park Development 2,681,673
Transnet Taxes 8,237,446
Drainage Fees 9,248,193
Special Districts 83,936,284
Infrastructure Replacement 46,222,825
Other Capital Construction 3,857,626
Total 276,541,208
Enterprise:
Carlsbad Municipal Water District 60,702,004
Sewer Fund 56,848,240
Solid Waste 6,814,635
Storm Water 1,078,290
Golf Course 186,227
Total 125,629,397
Internal Service 24,146,614
Agency Funds 17,407,051
Redevelopment Funds (1) 0
Misc. Special Funds 0
Total General Ledger Balance ** 544,002,711
Reconciling Adjustments (2) (4,749,585)
Total Treasurer's Investment Portfolio at Amortized Cost 539,253,126
(1) Redevelopment Fund Balances are interspersed throughout all funds.
(2) The Reconciling Adjustments consist of differences between the General Ledger which is prepared
on an accrual basis and the Treasurer's report which is prepared on the cash basis. Accrued Interest,
amortized premium or discounts and outstanding checks and deposits in transit are not included in the
Treasurer's summary. Differences between the time journal entries are posted and the time this
report is produced may also be a component of the adjustment.
** Figures based on best estimate at the time report run on 10/06/08
17
EXHIBIT 9
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF SEPTEMBER 30, 2008
CORPORATE NOTE AND COMMERCIAL PAPER RATINGS
Corporate Note Investments Meeting the Current Investment Policy:
(Ratings must be AA or better by both Moody's and S&P)
Moodv's S&P
ALL STATE LIFE AA2 AA
BANK OF AMERICA AAA AA+
BERKSHIRE HATHAWAY AAA AAA
CITIGROUP AA3 AA-
GENERAL ELECTRIC AAA AAA
GENWORTH GLOBAL AA3 AA-
GOLDMAN SACHS AA3 AA-
JOHNSON & JOHNSON AAA AAA
MET LIFE GLOBAL AA2 AA
NEW YORK LIFE AAA AAA
PRINCIPAL LIFE AA2 AA
PROTECTIVE LIVE AA3 AA
TOYOTA AAA AAA
US BANCORP AA2 AA
WAL-MART AA2 AA
WELLS FARGO AAA AAA
Commercial Paper Investments Meeting the Current Investment Policy:
(Ratings must be A1/P1 or better by both Moody's and S&P)
(Ratings of other debt must be AA or better by Moody's and S&P)
NONE
Investments with Subsequent Changes in Credit Rating *
Latest Carrying Market
Moodv's S&P Maturity Date Purchased Value Value
HOME DEPOT BAA1 BBB+ 03/01/2011 06/12/2006 2,987,382 2,922,420
MERRILL LYNCH A1 A 09/10/2009 11/03/2006 4,961,958 4,799,700
* The City's Investment Policy allows the City Treasurer to determine the course of action that would correct 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.
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF SEPTEMBER 30, 2008
WEIGHTINGS FOR CORPORATE AND FEDERAL AGENCY ISSUERS
EXHIBIT 10
PERCENTAGE WEIGHTINGS BY CORPORATE NOTE ISSUER
Investment Cost Percent of Portfolio*
2,023,559.81
1,983,918.00
ALL STATE LIFE
BANK OF AMERICA
BERKSHIRE HATHAWAY
CITIGROUP
GENERAL ELECTRIC CAP
GENWORTH GLOBAL
GOLDMAN SACHS
HOME DEPOT
JOHNSON & JOHNSON
MERRILL LYNCH
MET LIFE GLOBAL FUND
NEW YORK LIFE
PRINCIPAL LIFE
PROTECTIVE LIFE
TOYOTA
US BANKCORP
WAL-MART
WELLS FARGO
4,079,130.97
8,961,239.70
27,489,704.89
2,016,628.76
1,025,648.53
2,974,590.00
1,017,457.28
4,884,751.43
3,022,634.52
1,994,269.66
1,000,000.00
3,000,000.00
4,054,280.00
2,952,150.09
13,235,872.90
5,157,732.73
0.37%
0.37%
0.75%
1.66%
5.09%
0.37%
0.19%
0.55%
0.19%
0.90%
0.56%
0.37%
0.19%
0.56%
0.75%
0.55%
2.45%
0.95%
PERCENTAGE WEIGHTINGS BY FEDERAL AGENCY ISSUER
Investment Cost Percent of Portfolio"
FAMCA
FEDERAL FARM CREDIT BANK
FEDERAL HOME LOAN BANK
FEDERAL HOME LOAN MORTGAGE CORI
FEDERAL NATIONAL MORTGAGE ASSOC
HOUSING URBAN DEVELOPMENT (HUD)
TVA
Total Portfolio
5,795,867.32
32,423,405.56
180,718,430.70
110,047,337.88
59,978,171.41
990,198.00
2,130,980.00
1.07%
6.00%
33.44%
20.37%
11.10%
0.18%
0.39%
$540,354,297.80
* No more than 5% may be invested with a single corporate issuer.
"There are no percentage limits on federal agency issuers.
City of Carlsbad
Bond Proceeds Investment Report
September 30, 2008
Fund Type
Assessment District 03-01
Project Fund
Redemption Fund
Investments
(College/Cannon)
LAIF
LAIF
Stated Int.
Rate
2.77%
2.77%
Maturity
Date
N/A
N/A
Par Value
$
$
928,654
1,164,714
$
$
Re-Assessment District 97-01 (Alga Road & College Blvd)
Imprvmnt Fund - Alga
Reserve Fund
Assessment District 95-01
Reserve Fund
Assessment District 96-01
Reserve Fund
Assessment District 02-01
Improvement Fund
Redemption Fund
EFJPA
Reserve Fund
AIM STIT Treasury
Trinity Plus Investment Agreement
(Carlsbad Ranch)
Repub Natl Bank Repo Agreement (HSBC)
(Rancho Carrillo)
Repub Natl Bank Repo Agreement (HSBC)
(Poinsettia Lane)
AIM
LAIF
AIG Investment Agreement
N/A
6.40%
5.83%
6.03%
N/A
2.77%
5.36%
N/A
09/02/11
N/A
09/02/28
N/A
N/A
08/01/14
$
$
$
$
$
$
$
275,946
892,500
845,257
1,292,770
6,108,898
2,426,823
953,706
$
$
$
$
$
$
$
Communities Facilities District #3 Improvement Area 1
Project Fund
Reserve Fund
Other
AIM STIT Treasury
BNY Hamilton Money Market
BNY Hamilton Money Market
N/A
2.53%
various
N/A
09/01/36
N/A
$
$
$
4,219,794
779,474
24,333
$
$
$
Communities Facilities District #3 Improvement Area 2
Project Fund
Reserve Fund
Other
CPFA Golf Course Bonds
Capitalized Interest Fund
Reserve Fund
Other
LAIF
BNY Hamilton Money Market
LAIF/BNY
BNY Hamilton Money Market
BNY Hamilton Money Market
BNY Hamilton Money Market
2.77%
2.52%
various
2.52%
2.52%
2.52%
N/A
09/01/38
N/A
N/A
N/A
N/A
$
$
$
$
$
$
561,281
1,070,248
4,130,808
229
1,238,335
4,524
$
$
$
$
$
$
Cost
Fiscal Agent:
928,654
1,164,714
Fiscal Agent:
275,946
892,500
Fiscal Agent:
845,257
Fiscal Agent:
1,292,770
Fiscal Agent:
6,108,898
2,426,823
Fiscal Agent:
953,706
Fiscal Agent:
4,219,794
779,474
24,333
Fiscal Agent:
561,281
1,070,248
4,130,808
Fiscal Agent:
229
1,238,335
4,524
Source
BNY Western Trust
LAIF
LAIF
US Bank
AIM Instit. Fund Services
JP Morgan/Chase Bank
BNY Western Trust
HSBC Bank of New York
BNY Western Trust
HSBC Bank of New York
BNY Western Trust
AIM Instit. Fund Services
LAIF
BNY Western Trust
QIC
BNY Western Trust
AIM Instit. Fund Services
BNY Western Trust
BNY Western Trust
BNY Western Trust
LAIF
BNY Western Trust
LAIF/BNY
BNY Western Trust
BNY Western Trust
BNY Western Trust £
BNY Western Trust S
DOi — i
-H
26,918,294 $26,918,294
City of Carlsbad
Summary of Outstanding Housing Loans
As of September 30, 2008
Borrower
Individual homebuyers
Individual homebuyers
Individual homebuyers
Individual homebuyers
Individual homebuyers
Individual homebuyers
Catholic Chanties
CB Laurel Tree Apartments
CB Housing Partnership
Pacific Vista Las Flores
Poinsettia Housing Assoc
Bridge Housing Corp
Dove Family Housing
CIC Calavera LP
Individual homebuyers
Individual homebuyers
El Camino Family Housing
Individual homebuyers
Individual homebuyers
Habitat for Humanity
CIC La Costa
Development
City-wide (CHAP)
Calavera Hills
Cherry Tree Walk
Serrano
Rancho Carlsbad
Soiamar
Homeless shelter
Laurel Tree
Rancho Carrillo
Vista Las Flores
Poinsettia Station
Villa Loma
La Costa Paloma
Mariposa Apts
Mulberry at
Bressi Ranch
Village by the Sea
Cassia Heights
Laguna Point
The Bluffs
Roosevelt St.
Condos
Hunter's Pointe
Purpose
Sale
Sale
Sale
Sale
Sale
Sale
Shelter
Rentals
Rentals
Rentals
Rentals
Rentals
Rentals
Rentals
Sale
Sale
Rentals
Sale
Sale
Sale
Rentals
First date
issued
06/28/99
10/16799
06/28/99
05/25/01
05/20/99
09/26/88
09/19/97
12/24/98
03/05/01
02/27/01
10/21/99
11/04/94
07/15/03
09/15/04
04/29/05
10/28/05
03/07/06
07/06/06
06/14/07
08/30/07
08/19/08
#of Loans issued by City Loans issued by City loan Developer due to City amount due to City
loans to developers/ Developer to # of loans repaid to loan repaid to (recorded as (not on City's
issued homeowners homeowners outstanding City City AR) books)
133
5
42
90
22
9
1
2
1
1
1
2
1
1
100
11
1
3
8
1
1
436 $
$1,680,000 $
75,000
453,600
1,350,000
752,533
147,726
200,000
1,134,000
1,157,584
363,948
920,000
2,212,000
2,070,000
1,060,000
1,840,000
220.000
1,454,276
210.000
200.000
689,393
1,932,000
20,122,060 $
38
150,000 1
452,600 14
4,050,000 34
15
1
1
2
1
1
1
2
1
1
19.660,200 100
4,087.200 7
1
3
8
1
28.400,000 233
($1,181,268) $ - $498,732.17 $
(60,000) (120.000) 15,000
(303,233) (283,250) 150,367
(825,167) (2,520,000) 489,934
(256,410) - 496,123
(135.065) - 12,661
200,000
(352,122) - 781,878
1,157,584
363.948
920,000
(1,282,860) - 929,140
(452.388) (243,673) 1,373,939
1,060,000
1,840,000
220,000
1,454,276
210,000
200,000
689.393
1.932,000
$ (4,848,512) $ (3,166.923) $ 14,994.975 $
498,732
30,000 45,000
169,350 319,717
1,530,000 2,019,934
496,123
12,661
200.000
781,878
1,157,584
363,948
920,000
929,140
1,373,939
-
19,660,200
4,087,200
-
25,476,750 $ 9,118,656
Type of Loan
Payment deferred 15 years. No interest is due unless
home is sold before 16th year
Payment deferred 30 years. No interest is due unless
home is sold before 31th year
Payment deferred 30 years. No interest is due unless
home is sold before 31th year
Payment deferred 30 years. No interest is due unless
home is sold before 31th year
Principal is due when home is sold
Principal is due when home is sold
Principal is due when property is sold
Principal and 3% interest each year for 30 years when
surplus cash is available
Principal and 3% interest each year for 55 years when
surplus cash is available
Principal and 3% interest each year for 55 years when
surplus cash is available
Principal and 3% interest each year for 55 years when
surplus cash is available
Principal and 3% interest each year for 1 5 years when
surplus cash is available
Principal and 3% interest each year for 55 years when
surplus cash is available
Principal and 3% interest each year for 55 years when
surplus cash is available
Payment deferred 30 years. No interest is due unless
home is sold before 31th year
Payment deferred 30 years. No interest is due unless
home is sold before 31th year
Principal and 3% interest each year for 55 years when
surplus cash is available
Payment deferred 45 years. No interest is due unless
home is sold before 46th year
Payment deferred 30 years. No interest is due unless
home is sold before 31th year
Refer to Agenda Bill 18,569; Resolution 2006-131
Multiple CHAP loan payments, one pay-off, and a pre-development loans/re-imbursements to Habat for Humanity regarding the Roosevelt Street condos, and a $1.9 million loan for Hunter's Pointe increased the outstanding loan balance in the Housing Fund by $1,932,623 during X
the first quarter of FY2008-09. Also, a $ 143,577 La Costa Paloma principal payment was received in the Housing Trust Fund. The outstanding combined loan receivable balance is now $14,994,975. ^
DO
CITY TREASURER’SANNUAL REPORT OFINVESTMENTSFiscal Year Ended 6/30/08(FY 07-08)CITY TREASURERCITY TREASURER’’SSState of the City State of the City ‘‘ssINVESTMENTSINVESTMENTSNovember 18, 2008November 18, 2008CITY OF CARLSBADCITY OF CARLSBADNovember 18, 2008Item No. 13Mac McSherry, City Treasurer
Cumulative Cash IncomeFY08-09 (November 08 )CumulativeMillions $Monthly Interest IncomeMillions $1.62.31.72.92024681012141618202224Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun012345678Interest IncomeBudgetActual
MARKET YIELD CURVE6/30/07, 6/30/08, 11/18/080.10.61.11.62.12.63.13.64.14.65.13 Mth2 Yr5 Yr10 Yr06/30/200706/30/200811/18/20083 Mth 2 Yr 5 Yr 10 Yr4.86 4.84 4.89 4.99 1.73 2.62 3.33 3.97.10 1.13 2.19 3.53Market Rates
YIELD COMPARISONPORTFOLIO EX-LAIF VS. LAIFJULY 1996 – NOVEMBER 18, 20081.251.501.752.002.252.502.753.003.253.503.754.004.254.504.755.005.255.505.756.006.256.506.751/96AprJulOct1/97AprJulOct1/98AprJulOct1/99AprJulyOct1/00AprJulyOct1/01AprJulyOct1/02AprJulOct1/03AprJulOct1/04AprJulyOct1/05AprJulyOct1/06AprJulyOct1/07AprJulyOct1/08AprJulyOctEX-LAIFLAIF
Corporate Note RatingsAs of November 18, 2008ALL STATE LIFEAA2AABANK OF AMERICAAAAAA+BERKSHIRE HATHAWAYAAAAAACITIGROUPAA3AA-GENERAL ELECTRICAAAAAAGENWORTH GLOBALAA3AA-GOLDMAN SACHSAA3AA-JOHNSON & JOHNSONAAAAAAMET LIFE GLOBALAA2AANEW YORK LIFEAAAAAAPRINCIPAL LIFEAA2AAPROTECTIVE LIVEAA3AATOYOTAAAAAAAUS BANCORPAA2AAWAL-MARTAA2AAWELLS FARGOAAAAAAMoody’s S&P
Investments with Subsequent Changes in Credit RatingMoody'sS&PMaturity DatePurchasedValueValueHOME DEPOT BAA1 BBB+ 03/01/2011 06/12/2006 2,987,817 2,768,130 MERRILL LYNCH A1A 09/10/2009 11/03/2006 4,965,324 4,716,200 CarryingMarket
Percentage Weightings by Corporate Note Issuer Investment Cost % of PortfolioALL STATE LIFE2,023,559.81 0.37%BANK OF AMERICA1,983,918.00 0.37%BERKSHIRE HATHAWAY4,079,130.97 0.76%CITIGROUP8,961,239.70 1.66%GENERAL ELECTRIC CAP 27,489,704.89 5.09%GENWORTH GLOBAL2,016,628.76 0.37%GOLDMAN SACHS1,025,648.53 0.19%HOME DEPOT2,974,590.00 0.55%JOHNSON & JOHNSON1,017,457.28 0.19%MERRILL LYNCH4,884,751.43 0.91%MET LIFE GLOBAL FUND3,022,634.52 0.56%NEW YORK LIFE1,994,269.66 0.37%PRINCIPAL LIFE1,000,000.00 0.19%PROTECTIVE LIFE3,000,000.00 0.56%TOYOTA4,054,280.00 0.75%US BANKCORP2,952,150.09 0.55%WAL-MART13,235,872.90 2.45%WELLS FARGO5,157,732.73 0.96%
FEDERAL AGRICULTURAL MORTGAGE CORP 5,795,867.32 1.07%FEDERAL FARM CREDIT BANK32,423,405.56 6.01%FEDERAL HOME LOAN BANK DISCOUNT NOTE 2,914,250.00 0.54%FEDERAL HOME LOAN BANK183,670,543.65 34.03%FEDERAL HOME LOAN MORTGAGE CORP 106,030,996.63 19.64%FEDERAL NATIONAL MORTGAGE ASSOC58,965,026.41 10.92%HOUSING URBAN DEVELOPMENT (HUD)990,198.00 0.18%TVA2,130,980.00 0.39%Percentage Weightings by Federal Agency Issuer Investment Cost% of Portfolio
To Access Monthly and Annual To Access Monthly and Annual Investment ReportsInvestment Reports••Go to: Go to: www.ci.carlsbad.ca.uswww.ci.carlsbad.ca.us••Click on: Click on: City HallCity Hall••Click On: Click On: City TreasurerCity Treasurer