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HomeMy WebLinkAbout2010-02-23; City Council; 20129; Report City Investments as of January 31, 2010CITY OF CARLSBAD - AGENDA BILL AB# 20.129 MTG. 2/23/10 DEPT. TRS REPORT ON CITY INVESTMENTS AS OF JANUARY 31, 2010 DEPT. HEAD <^^// CITY ATTY. (3& CITY MGR. ^ 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 January 31, 2010 is summarized below. Pooled Investment Portfolio (Cash and Securities) Par Value Cost of Investments Amortized Cost (1) Market Value (2) Current Month 554,051,392 562,075,158 558,843,148 568,062,185 Prior Month 542,826,438 550,942,312 547,841,174 555,525,181 (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 1/31/10. 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 8 for a more detailed breakdown. FUND EQUITY IN POOLED INVESTMENTS (Dollar Amounts in Millions) Special Revenue $47.2 General Other $4.9Internal Service $66. Agency $27.5 $16.1 Capital Projects $270.7 Enterprise $125.'' Total Treasurer's Investment Portfolio at Amortized Cost January 31,2010 $558.8 million FOR CITY CLERKS USE ONLY. COUNCIL ACTION: APPROVED D DENIED D CONTINUED D WITHDRAWN D AMENDED D CONTINUED TO DATE SPECIFIC CONTINUED TO DATE UNKNOWN RETURNED TO STAFF OTHER -SEE MINUTES Council accepted tbe report. D D D D DEPARTMENT CONTACT: Nancy Sullivan (760) 602-2473 Nancy.Sullivan(o)carlsbadca.qov PAGE 2 OF AB REPORT ON CITY INVESTMENTS AS OF JANUARY 31, 2010 Pooled Investment Interest Income Cash Income Fiscal Year-to-Date * Current Month FYTD 1 1 ,030,374 Prior Month FYTD 9,716,433 Current Month Income 1,313,941 The cash income received is adjusted for any accrued interest purchased. Pooled Investment Performance/Measurement November 2009 December 2009 January 2010 Average Life (Years) 1.62 1.61 1.55 Average Yield To Maturity 2.58% 2.51% 2.44% Modified Duration 1.539 1.528 1.481 All pooled investments have been made in accordance with the City's Investment Policy adopted January 2, 1985 and last revised April 21, 2009. 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. The pooled investment portfolio has the ability to meet the City's cash flow demands for the next six (6) months. 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. Third 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 CITY OF CARLSBAD INVESTMENT PORTFOLIO AS OF JANUARY 31, 2010 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 BANKACCT Current Month 33,000 10,443,604 0 112,527,556 293,106,631 100,900,045 34,818,447 5,000,450 1,403,789 609,626 Prior Month Current Month 33,000 10,421,202 0 112,635,560 286,942,782 105,951,272 28,972,609 134,029 2,129,250 621,470 33,000 10,639,730 0 112,722,760 298,263,797 104,570,586 34,818,447 5,000,450 1,403,789 609,626 Prior Month 33,000 10,550,680 0 112,611,600 291,335,946 109,136,597 28,972,609 134,029 2,129,250 621,470 Cash Income Year to Date Current Month Prior Month 177 0 0 377,694 6,944,704 3,114,455 592,143 92 1,108 0 0.90 2.50 0.00 0.47 2.84 4.25 0.56 0.05 0.10 0.10 0.90 2.50 0.00 0.47 2.90 4.20 0.61 0.05 0.13 0.13 TOTALS $558,843,148 $547,841,174 $568,062,185 $555,525,181 $11,030,374 2.44%2.51% 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 JANUARY 31, 2010 BREAKDOWN OF MATURITIES BY CLASSIFICATION AND LENGTH OF TIME CLASS CD FN CP TR FA CN LAIF CUSTODY SWEEP BANK ACCT TOTALS % TOTALS Total within One WITHIN 6 MONTHS 33,000 997,329 0 44,766,667 47,001,489 8,027,876 34,818,447 5,000,450 1,403,789 609,626 $142,658,673 (1) 25.4% Year 7 MONTHS TO 1 YEAR 0 0 0 39,216,621 34,445,626 8,047,504 0 0 0 0 $81,709,751 (1) 14.5% $224,368,424 (1) 1 TO 5 YEARS 0 9,201,104 0 29,204,180 213,770,816 85,530,635 0 0 0 0 $337,706,734 60.1% TOTAL 33,000 10,198,433 0 113,187,467 295,217,931 101,606,015 34,818,447 5,000,450 1,403,789 609,626 $562,075,158 100.0% % TOTAL 0.0% 1.8% 0.0% 20.1% 52.5% 18.1% (2) 6.2% 0.9% 0.3% 0.1% 100.0% 39.9% POLICY:(1) Not less than $126,950,000 to mature within one year. (2/3rds of current year operating budget of $190,416,000.00) (2) Policy states that not more than 30% of portfolio is to be invested in corporate notes.xini—i CO YIELD COMPARISON PORTFOLIO EX-LAIF VS. LAIF JULY 1996 - JANUARY 2010 MARKET YIELD CURVE 6/30/08,6/30/09,1/31/10 Market Rates 3Mth 2Yr 5Yr 3Mth 2Yr 5Yr 10 Yr -^06/30/2008 -*- 06/30/2009 -4-01/31/2010 1.73 .18 .08 2.62 1.11 .85 3.33 2.56 2.37 3.97 3.53 3.65 10 Yr XinI—I DO Cumulative Millions $ Cumulative Cash Income FY09-10 (January 2010) 20 18 16 14 12 10 8 1.99 0 1.61 1.6 1.38 1.17 JL31 Monthly Interest Income Millions $ Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 1=1 Interest Income -••--Budget Actual 8 7 6 5 4 3 2 1 0 Xrni—iroi—i—I en City of Carlsbad TRANSACTIONS FOR PERIOD: 01/01/10 TO 01/31/10 3rd QUARTER 2009-2010 Trans Date BUYS JANUARY 01/13/2010 01/11/2010 01/11/2010 01/19/2010 01/19/2010 01/19/2010 01/19/2010 01/19/2010 01/20/2010 01/19/2010 Investment Date 01/26/2010 01/19/2010 01/22/2010 01/20/2010 01/20/2010 01/20/2010 01/20/2010 01/22/2010 01/25/2010 01/21/2010 TOTAL THIRD QUARTER MATURITIES JANUARY 02/01/2008 06/05/2009 07/22/2009 01/30/2008 01/31/2008 04/09/2008 TOTAL THIRD QUARTER Maturity Date 07/26/2013 07/19/2012 07/22/201 1 11/18/2010 07/31/2011 07/15/2012 07/20/2012 08/10/2012 08/10/2012 07/21/2014 2009-2010 01/29/2010 01/31/2010 01/31/2010 01/15/2010 01/15/2010 01/15/2010 2009-2010 Type FA FA FA TR TR FA FA FA FA FA FA TR TR CN CN CN Security FHLB FHLMC FHLB US TREASURY US TREASURY FHLMC FNMA FNMA FAMCA FNMA FHLMC US TREASURY US TREASURY BERKSHIRE HATHA BERKSHIRE HATHA WELL FARGO CO Call Date 01/26/2011 07/19/2010 02/22/2010 N/A N/A N/A 07/20/2010 N/A N/A 07/21/2010 N/A N/A N/A N/A N/A Par Value 2,000,000.00 3,000,000.00 1,000,000.00 4,000,000.00 1,000,000.00 1,000,000.00 1,250,000.00 1,000,000.00 1,000,000.00 1,000,000.00 16,250,000.00 3,000,000.00 3,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 1,000,000.00 13,000,000.00 Coupon 2.125% 1 .625% 1.000% 0.000% 1.000% 5.125% 1.500% 1.750% 2.100% 3.030% 3.250% 2.125% 2.125% 4.125% 4.125% 4.200% Amount (Cost) 2,000,000.00 3,000,000.00 1,000,400.00 3,991,946.67 1,005,625.00 1,092,760.00 1,249,375.00 1,009,004.81 1,015,908.69 1,001,875.00 16,366,895.17 3,000,000.00 3,035,156.25 2,019,531.25 2,040,548.16 2,038,582.81 1,018,383.81 13,152,202.28 Return Rate 2.125% 1.625% 0.973% 0.244% 0.630% 1.320% 1.520% 1.390% 1 .460% 2.985% 1.278% 3.250% 0.331% 0.262% 3.050% 3.100% 3.120% 2.053% Interest 148,750.00 121,875.00 14,600.00 8,053.33 9,673.91 34,653.19 47,500.00 35,717.41 37,466.31 134,475.00 592,764.15 194,458.33 28,593.75 2,775.38 121,014.34 122,750.52 55,816.19 525,408.51 Investment Return 2,148,750.00 3,121,875.00 1,015,000.00 4,000,000.00 1,015,298.91 1,127,413.19 1,296,875.00 1,044,722.22 1,053,375.00 1,136,350.00 16,959,659.32 3,194,458.33 3,063,750.00 2,022,306.63 2,161,562.50 2,161,333.33 1,074,200.00 13,677,610.79 CALLS and / or SALES JANUARY 01/23/2008 01/07/2013 FA FHLB TOTAL THIRD QUARTER 2009-2010 01/14/2010 2,000,000.00 4.700% 2,056,800.00 4.061% 409,022.22 2,465,822.22 2,000,000.00 2,056,800.00 4.061% 409,022.22 2,465,822.22 x DCI—I CO CTl INVESTMENT REPORT AS OF JANUARY 31, 2010 INVESTMENT DATE 01/28/2008 01/31/2008 09/29/2008 01/28/2008 02/04/2008 02/13/2008 04/02/2008 10/30/2008 04/22/2008 01/28/2008 07/25/2007 04/22/2008 05/05/2008 12/21/2007 03/16/2009 02/26/2008 05/08/2008 04/17/2009 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 05/08/2008 12/05/2008 03/11/2009 09/26/2007 10/13/2009 06/01/2009 05/05/2008 04/22/2009 06/03/2009 06/01/2009 06/03/2009 12/05/2008 02/20/2008 06/03/2009 05/11/2009 \ 05/12/2009 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 FA FA FA FA FA FA SECURITY FHLB 3.875% NON-CALL FHLB 37.375% NON-CALL FHLMC3.125% NON-CALL FNMA4.40% NON-CALL FHLB 2.375% NON-CALL FHLB 2.375% NON-CALL FHLB 2.750% NON-CALL FHLB 2.750% NON-CALL FFCB 2.375% NON-CALL FHLMC4.02% NON-CALL FFCB 4.780% NON-CALL FFCB 5.320% NON-CALL FHLB 7.625% NON-CALL FNMA 3.625% NON-CALL FHLB 1.250% NON-CALL FHLB 4.25% NON-CALL FHLB 3.00% NON-CALL FHLB 5.25% NON-CALL FHLMC3.50% NON-CALL FHLB 4.5% NON-CALL FNMA 5.125% NON-CALL FFCB 3.200% NON-CALL FHLB 4.44% NON-CALL FNMA 4.70% NON-CALL FHLB 5.00% NON-CALL FHLB 4.7% NON-CALL FHLB 3.190% CALL 8/12/08 FHLMC 5.125% NON-CALL FHLB 5.125% NON-CALL FHLB 3.00% NON-CALL FHLB 3.375% NON-CALL FHLB 1.4% NON-CALL FFCB 5.25% NON-CALL FHLB .35% CALL 4/13/10 FHLB 1.25% NON-CALL FHLB 4.375% NON-CALL FHLB 1.125% NON-CALL FHLB 4.375% NON-CALL FHLB 1.050% NON-CALL FHLB 1.050% NON-CALL FHLMC 4.50% NON-CALL FHLB 2.875% NON-CALL FNMA 2.050% CALL 4/1/10 FHLB 1.375% NON-CALL FNMA 1.45% CALL PAR VALUE 1,000,000.00 2,000,000.00 3,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 1,000,000.00 3,000,000.00 2,000,000.00 1,500,000.00 2,000,000.00 1,000,000.00 3,000,000.00 2,000,000.00 1,000,000.00 1,000,000.00 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 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 1,000,000.00 3,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 3,000,000.00 3,000,000.00 2,000,000.00 1,000,000.00 1,000,000.00 INVESTED AMOUNT 1,020,550.00 2,177,668.00 2,997,750.00 2,064,240.00 1,989,880.00 1,994,095.84 1,006,020.00 2,978,060.95 1,984,800.00 1,537,935.00 1,981,720.00 1,050,120.00 3,273,695.78 1,996,499.26 1,000,000.00 1,030,795.00 999,862.00 1,049,288.56 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 1,994,876.00 2,032,660.00 2,000,000.00 2,041,700.00 2,000,000.00 2,014,960.00 1,032,893.26 3,000,000.00 2,101,180.00 2,008,660.00 2,007,180.00 3,119,880.00 2,993,378.76 2,024,200.00 1,001,350.00 1,000,000.00 RETURN RATE 2.830% 2.841% 3.180% 2.821% 2.622% 2.520% 2.430% 3.300% 2.776% 2.850% 5.135% 2.790% 2.950% 3.700% 1.250% 2.849% 3.005% 0.930% 3.300% 4.610% 5.100% 3.200% 2.559% 2.786% 2.710% 4.337% 3.190% 4.530% 4.500% 3.115% 2.420% 1 .400% 4.490% 0.550% 0.700% 2.980% 1.125% 0.701% 0.750% 0.800% 2.470% 2.950% 1 .377% 1.305% 1 .450% INTEREST 58,456.94 122,248.67 130,635.42 121,537.78 110,133.89 104,730.55 47,452.22 134,689.05 108,220.83 97,740.00 283,304.44 59,087.78 189,522.97 180,118.80 15,625.00 66,482.78 62,888.00 11,086.44 185,028.33 373,365.00 150,405.14 64,000.00 62,326.67 209,453.33 175,897.58 121,226.76 239,250.00 402,452.92 268,756.21 145,457.34 86,402.50 41,922.22 269,508.33 1 1 ,000.00 19,276.11 74,901.88 50,625.00 20,104.72 21,906.67 23,270.00 154,245.00 270,402.49 50,738.89 25,653.47 29,000.00 INVESTMENT RETURN 1,079,006.94 2,299,916.67 3,128,385.42 2,185,777.78 2,100,013.89 2,098,826.39 1,053,472.22 3,112,750.00 2,093,020.83 1,635,675.00 2,265,024.44 1,109,207.78 3,463,218.75 2,176,618.06 1,015,625.00 1,097,277.78 1,062,750.00 1,060,375.00 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 2,140,333.34 2,119,062.50 2,041,922.22 2,311,208.33 2,011,000.00 2,034,236.11 1,107,795.14 3,050,625.00 2,121,284.72 2,030,566.67 2,030,450.00 3,274,125.00 3,263,781.25 2,074,938.89 1,027,003.47 1,029,000.00 TERM (Days) 746 743 501 770 767 758 709 498 715 821 1,013 749 739 889 457 836 764 420 680 987 1,077 730 866 889 898 1,015 912 1,070 1,080 855 644 548 1,083 365 500 900 548 506 532 530 741 1,115 667 717 730 xrni—i DO INVESTMENT REPORT AS OF JANUARY 31, 2010 INVESTMENT DATE TYPE SECURITY 06/22/2009 FA FHLB 1.125% NON-CALL 08/31/2007 FA FHLB 5.275% NON-CALL 05/08/2008 FA FHLB 5.25% NON-CALL 09/17/2008 FA FHLB 5.25% NON-CALL 03/09/2007 FA FNMA3.64% NON-CALL 08/01/2007 FA FAMCA 5.50% NON-CALL 08/31/2007 FA FAMCA 5.50% NON-CALL 05/08/2008 FA FAMCA 5.5% NON-CALL 03/31/2009 FA FFCB 3.625% NON-CALL 05/11/2009 FA FAMCA 5.50% NON-CALL 12/30/2009 FA FHLMC 5.25% NON-CALL 01/22/2010 FA FHLB 1.00% CALL 2/22/10 04/27/2009 FA FHLMC 1.75% CALL 4/27/10 06/29/2009 FA FHLB 1.625% NON-CALL 10/01/2009 FA FHLB 1.375% NON-CALL 03/19/2007 FA FHLB 5.75% NON-CALL 01/23/2009 FA FHLB 5.75% NON-CALL 06/22/2009 FA FFCB 3.875% NON-CALL 03/05/2007 FA FHLB 5.00% NON-CALL 03/15/2007 FA FHLB 5.00% NON-CALL 01/23/2009 FA FHLB 5.00% NON-CALL 10/30/2007 FA FHLMC 5.50% NON-CALL 12/08/2009 FA FFCB 1.128% NON-CALL 03/15/2007 FA FHLB 4.875% NON-CALL 12/07/2009 FA FHLB 4.25% NON-CALL 12/08/2009 FA FHLB 4.25% NON-CALL 03/19/2007 FA FHLB 4.875% NON-CALL 12/30/2009 FA FNMA 1.0% NON-CALL 12/09/2009 FA FFCB .875% NON-CALL 06/29/2009 FA FFCB 2.0% NON-CALL 03/26/2007 FA FHLMC 5.0% CALL 3/26/10 03/26/2007 FA FHLMC 5.0% CALL 3/26/10 04/20/2007 FA FHLMC 5.0% CALL 3/26/10 05/21/2007 FA FFCB 4.875% NON-CALL 08/17/2009 FA FHLMC 2.0% CALL 5/17/10 07/25/2007 FA TVA 6.790% NON-CALL 10/19/2009 FA TVA 6.790% NON-CALL 07/25/2007 FA FHLB 5.375% NON-CALL 07/25/2007 FA FHLB 5.375% NON-CALL 07/15/2008 FA FHLB 4.375% NON-CALL 10/20/2009 FA FFCB 2.125% NON-CALL 11/25/2009 FA FFCB 5.45% NON-CALL 11/06/2009 FA FHLMC 2.45% CALL 6/29/10 12/29/2009 FA FHLMC 1.45% CALL 3/29/10 01/20/2010 FA FHLMC 5.125% NON-CALL 10/19/2009 FA FFCB 1.55% CALL 10/19/10 PAR VALUE 2,000,000.00 1,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 3,000,000.00 629,000.00 2,000,000.00 1,000,000.00 1,000,000.00 1,737,000.00 1,000,000.00 3,000,000.00 2,000,000.00 1,000,000.00 3,000,000.00 1,000,000.00 3,000,000.00 2,000,000.00 3,000,000.00 1,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00 1,000,000.00 2,000,000.00 3,000,000.00 3,000,000.00 1,000,000.00 4,000,000.00 2,000,000.00 3,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 3,000,000.00 1,000,000.00 1,000,000.00 3,000,000.00 3,000,000.00 2,000,000.00 1,000,000.00 3,000,000.00 1,000,000.00 3,000,000.00 INVESTED AMOUNT 1,988,700.00 1,020,930.00 1,055,434.00 2,132,207.14 1,909,480.00 3,034,380.00 644,775.32 2,116,712.00 1 ,044,420.00 1,072,970.00 1,853,035.07 1,000,400.00 3,000,000.00 2,012,680.00 1,006,100.00 3,111,810.00 1,097,950.00 3,152,520.00 2,018,200.00 3,032,352.00 1,077,520.00 3,117,300.00 3,014,854.10 3,018,777.00 1,061,850.00 2,126,060.00 3,009,690.00 2,994,090.00 997,136.00 4,036,800.00 2,000,000.00 3,000,000.00 999,687.50 1,987,880.00 1,997,500.00 2,130,980.00 3,399,498.48 1,005,040.00 1,005,254.43 3,050,958.11 3,049,023.21 2,210,347.28 1,011,600.00 2,997,750.00 1,092,760.00 2,995,200.00 RETURN RATE 1 .420% 4.761% 3.345% 2.720% 4.805% 5.175% 4.781% 3.545% 1.639% 2.050% 0.900% 0.973% 1 .750% 1.315% 1 .375% 4.800% 1.818% 1 .490% 4.773% 4.730% 1 .958% 4.390% 0.850% 4.720% 1 .020% 0.956% 4.795% 1.105% 1 .020% 1 .630% 5.000% 5.000% 5.006% 5.015% 2.047% 5.235% 1 .534% 5.255% 5.250% 3.900% 1 .496% 1 .280% 1 .997% 1.481% 1 .320% 1.610% INTEREST 55,112.50 181,976.25 106,732.67 154,501.19 406,997.78 618,286.67 118,184.21 233,760.22 85,530.00 46,807.78 25,313.30 14,600.00 118,125.00 54,847.78 19,261.11 648,148.33 49,313.89 100,323.75 432,911.11 640,148.00 53,868.89 522,075.00 46,552.13 647,473.00 20,552.78 38,509.44 672,403.75 62,826.67 20,364.00 167,200.00 500,000.00 750,000.00 246,979.17 489,057.50 112,500.00 524,632.22 128,989.85 256,692.64 256,478.21 460,552.31 120,622.62 70,024.94 53,256.94 111,000.00 34,653.19 132,675.00 INVESTMENT RETURN 2,043,812.50 1,202,906.25 1,162,166.67 2,286,708.33 2,316,477.78 3,652,666.67 762,959.53 2,350,472.22 1,129,950.00 1,119,777.78 1,878,348.37 1,015,000.00 3,118,125.00 2,067,527.78 1,025,361.11 3,759,958.33 1,147,263.89 3,252,843.75 2,451,111.11 3,672,500.00 1,131,388.89 3,639,375.00 3,061,406.23 3,666,250.00 1,082,402.78 2,164,569.44 3,682,093.75 3,056,916.67 1,017,500.00 4,204,000.00 2,500,000.00 3,750,000.00 1,246,666.67 2,476,937.50 2,110,000.00 2,655,612.22 3,528,488.33 1,261,732.64 1,261,732.64 3,511,510.42 3,169,645.83 2,280,372.22 1,064,856.94 3,108,750.00 1,127,413.19 3,127,875.00 TERM (Days) 711 1,379 1,128 996 1,588 1,444 1,414 1,163 836 795 565 546 821 758 673 1,610 934 794 1,649 1,639 959 1,416 664 1,665 708 707 1,705 693 730 932 1,827 1,827 1,802 1,788 1,004 1,764 947 1,780 1,780 1,424 972 939 966 913 907 1,004 INVESTMENT REPORT AS OF JANUARY 31, 2010 INVESTMENT DATE TYPE SECURITY 01/19/2010 FA FHLMC 1.625% CALL 7/19/10 12/10/2007 FA FHLB5.58% CALL 7/20/10 01/20/2010 FA FNMA 1.5% CALL 7/20/10 08/05/2008 FA FFCB 3.950% NON-CALL 08/12/2009 FA FHLB 2.0% CALL 7/27/10 10/27/2009 FA FNMA 1.70% CALL 10/27/10 07/30/2007 FA FHLB 5.52% CALL 7/30/10 12/24/2009 FA FNMA 5.00% NON-CALL 07/21/2009 FA FHLB 2.0% CALL 2/10/10 01/25/2010 FA FAMCA 2.1% NON-CALL 01/20/2010 FA FNMA 1.75% NON-CALL 08/13/2008 FA FHLB 4.35% CALL 8/13/10 01/29/2009 FA FHLB 4.625% NON-CALL 12/24/2009 FA FHLB 4.625% NON-CALL 11/17/2009 FA FHLB 1.75% CALL 8/17/10 02/27/2009 FA FNMA 2.625% CALL 8/27/10 09/04/2009 FA FNMA 2.50% CALL 9/7/10 03/12/2009 FA FHLMC 2.0% CALL 3/12/10 05/05/2008 FA FHLB 5.00% NON-CALL 08/22/2008 FA FHLB 4.5% NON-CALL 10/01/2009 FA FFCB 1.80% NON-CALL 11/25/2009 FA FFCB 1.80% NON-CALL 12/24/2009 FA FHLMC 2.0% CALL 9/28/10 05/11/2009 FA FHLMC 3.875% NON-CALL 12/10/2007 FA FFCB 4.5% NON-CALL 10/22/2007 FA FHLB 5.00% CALL 4/22/10 12/07/2009 FA FNMA 1.875% CALL 10/29/10 06/03/2008 FA FNMA 6.41% NON-CALL 05/19/2009 FA FNMA 2.2% CALL 5/19/10 12/14/2009 FA FHLB 1.0% CALL 12/14/11 STEP 01/14/2008 FA FHLB 4.25% CALL 10/14/08 10/20/2009 FA FFCB 5.15% NON-CALL 11/25/2009 FA FHLB 2.0% CALL 8/25/10 05/19/2009 FA FNMA 2.32% CALL 2/19/10 03/10/2008 FA FHLB 3.50% NON-CALL 11/25/2009 FA FHLB 2.35% CALL 9/15/10 08/26/2009 FA FHLMC 2.5% CALL 4/8/11 05/14/2008 FA FHLB 4.00% CALL 5/15/10 11/17/2009 FA FHLB 1.125% CALL 2/17/10 QRTLY 10/20/2009 FA FHLMC 4.25% NON-CALL 10/20/2009 FA FHLMC 4.0% NON-CALL 11/10/2008 FA FHLB 5.375% NON-CALL 08/13/2009 FA FHLB 4.25% NON-CALL 12/24/2009 FA FNMA 2.125% CALL 12/24/10 12/28/2009 FA FHLB 1.85% NON-CALL 12/03/2008 FA FFCB 4.625% CALL 7/8/10 PAR VALUE 3,000,000.00 1,000,000.00 1,250,000.00 2,000,000.00 2,000,000.00 1,000,000.00 1,770,000.00 1,037,000.00 2,000,000.00 1,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 1,175,000.00 1,000,000.00 1,000,000.00 3,000,000.00 3,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 1,000,000.00 1,807,000.00 2,000,000.00 1,000,000.00 3,000,000.00 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 2,000,000.00 500,000.00 500,000.00 1,000,000.00 2,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 INVESTED AMOUNT 3,000,000.00 1,037,000.00 1,249,375.00 2,002,900.00 1,988,600.00 998,800.00 1,770,000.00 1,127,519.73 1,999,500.00 1,015,908.69 1,009,004.81 1,999,500.00 2,150,960.00 1,078,810.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 1,238,814.19 1,022,730.00 1,003,470.00 3,032,750.01 3,014,100.00 1,063,510.00 2,034,780.00 2,000,000.00 1,003,900.00 1,990,388.82 2,000,000.00 999,500.00 3,000,000.00 1,102,490.00 999,531.25 1,000,000.00 2,963,940.00 1,009,500.00 2,008,000.00 2,000,000.00 2,000,000.00 536,967.86 532,794.50 1,065,788.37 2,130,988.03 1,000,000.00 1,987,226.45 2,053,420.00 RETURN RATE 1 .625% 4.677% 1.520% 3.910% 2.200% 1 .745% 5.520% 1 .567% 2.090% 1 .460% 1.390% 4.357% 2.391% 1 .567% 1 .750% 2.625% 2.500% 2.710% 3.640% 3.889% 1 .680% 1 .405% 1.824% 1.928% 4.100% 5.000% 1.736% 3.890% 2.200% 1 .673% 4.250% 1 .926% 2.015% 2.320% 3.765% 2.051% 2.384% 4.000% 3.297% 2.100% 2.120% 3.800% 2.450% 2.125% 2.040% 3.983% INTEREST 121,875.00 220,300.00 47,500.00 310,466.67 129,733.33 47,950.00 488,520.00 44,578.33 120,500.00 37,466.31 35,717.41 348,500.00 176,901.11 43,367.08 96,250.00 183,750.00 150,416.67 190,000.00 192,237.89 160,020.00 50,180.00 120,099.99 151,566.67 67,701.81 401,970.00 500,000.00 50,370.83 331,405.40 154,000.00 50,500.00 637,500.00 67,316.94 65,468.75 87,000.00 560,476.67 68,180.56 172,833.33 320,000.00 235,000.00 39,296.03 40,094.39 181,163.02 195,081.41 74,375.00 142,273.55 371,823.06 INVESTMENT RETURN 3,121,875.00 1,257,300.00 1,296,875.00 2,313,366.67 2,118,333.33 1,046,750.00 2,258,520.00 1,172,098.06 2,120,000.00 1,053,375.00 1,044,722.22 2,348,000.00 2,327,861.11 1,122,177.08 2,096,250.00 2,183,750.00 2,150,416.67 2,190,000.00 1,431,052.08 1,182,750.00 1,053,650.00 3,152,850.00 3,165,666.67 1,131,211.81 2,436,750.00 2,500,000.00 1,054,270.83 2,321,794.22 2,154,000.00 1,050,000.00 3,637,500.00 1,169,806.94 1,065,000.00 1,087,000.00 3,524,416.67 1,077,680.56 2,180,833.33 2,320,000.00 2,235,000.00 576,263.89 572,888.89 1,246,951.39 2,326,069.44 1,074,375.00 2,129,500.00 2,425,243.06 TERM (Days) 912 1,684 912 1,448 1,080 1,004 1,827 952 1,116 928 933 1,461 1,294 965 1,004 1,277 1,099 1,280 1,593 1,484 1,089 1,034 1,009 1,238 1,773 1,827 1,057 1,624 1,280 1,096 1,827 1,206 1,188 1,372 1,824 1,206 1,321 1,826 1,277 1,310 1,331 1,677 1,401 1,278 1,278 1,678 INVESTMENT REPORT AS OF JANUARY 31, 2010 INVESTMENT DATE 08/27/2008 08/21/2009 01/26/2010 08/19/2009 11/12/2008 12/17/2008 10/19/2009 11/26/2008 01/20/2009 02/12/2009 05/14/2009 10/20/2009 01/21/2010 11/05/2009 12/07/2009 12/18/2009 09/24/2009 12/30/2009 06/01/2009 03/12/2009 02/11/2009 02/18/2009 02/25/2009 03/02/2009 03/02/2009 06/05/2009 05/11/2009 07/22/2009 06/05/2009 04/30/2009 06/05/2009 07/22/2009 11/24/2009 06/05/2009 04/21/2009 12/24/2009 06/05/2009 09/16/2009 TYPE FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FN FN FN FN FN FN FN TR TR TR TR TR TR TR TR TR TR TR TR TR SECURITY FNMA4.375% NON-CALL FHLMC 2.4% CALL 7/23/10 FHLB 2. 125% CALL 1/26/11 FFCB 2.7% NON-CALL FHLB 4.0% NON-CALL FHLB 4.375% NON-CALL FFCB 5.350% NON-CALL FHLB 3.5% CALL 11/26/10 FHLB 3.125% NON-CALL FNMA2.00% CALL 2/12/10 FNMA 2.0% CALL 8/14/09 FFCB 4.375% NON-CALL FNMA 3.03% CALL 7/21/10 FNMA 3.3% CALL 7/30/10 FHLMC 2.25% QRTLY CALL STEP FHLMC 2.25% QRTLY CALL STEP FNMA 2.0% CALL 9/23/1 1 STEP FNMA 2.3% QRTLY CALL STEP SUB-TOTAL FHLBN 0% NON-CALL FICOO.0% NON-CALL FICO STRIP 0.00% NON-CALL FICO STRIP 0.00% NON-CALL FICO STRIP 0.00% NON-CALL FICOO.0% NON-CALL FICOO.0% NON-CALL SUB-TOTAL Federal Investments Total US TREASURY 6.50% US TREASURY 2.0% US TREASURY 2.0% US TREASURY 1.750% US TREASURY 00% US TREASURY 4.0% US TREASURY 2. 125% US TREASURY 00% US TREASURY 4.50% US TREASURY 2.625% US TREASURY 0.0% US TREASURY 2.8750% US TREASURY 2.8750% PAR VALUE 2,000,000.00 2,000,000.00 2,000,000.00 1,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 3,000,000.00 1,000,000.00 1,100,000.00 3,000,000.00 1,000,000.00 3,000,000.00 2,000,000.00 289,555,000.00 1,000,000.00 1,000,000.00 2,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 11,000,000.00 300,555,000.00 3,000,000.00 2,000,000.00 1,000,000.00 3,000,000.00 2,000,000.00 3,000,000.00 5,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00 6,000,000.00 3,000,000.00 2,000,000.00 INVESTED AMOUNT 2,035,600.00 1,991,200.00 2,000,000.00 1,005,669.88 1,007,890.00 2,154,940.00 2,235,072.36 2,000,000.00 2,047,941.08 2,000,000.00 2,000,000.00 3,234,480.00 1,001,875.00 1,110,340.00 3,009,000.00 1,002,800.00 3,000,000.00 2,000,000.00 295,217,931.36 997,329.44 956,370.00 1,889,240.00 916,713.56 1,826,280.00 1,818,680.00 1,793,820.00 10,198,433.00 305,416,364.36 3,128,320.31 2,025,000.00 1,010,312.50 3,033,867.19 1,991,806.11 3,093,164.06 5,069,531.25 2,998,156.25 3,114,140.63 3,069,492.19 5,995,298.33 3,076,875.00 2,040,781.25 RETURN RATE 3.970% 2.518% 2.125% 2.550% 3.818% 2.625% 2.264% 4.361% 2.600% 3.500% 2.000% 2.595% 2.985% 3.084% 4.220% 4.240% 3.163% 3.150% 2.842% 0.386% 2.200% 2.300% 2.710% 2.850% 3.000% 3.050% 2.496% 0.342% 0.411% 0.303% 0.369% 0.437% 0.382% 0.325% 0.127% 0.452% 0.529% 0.157% 0.469% 0.282% INTEREST 392,177.78 197,066.67 148,750.00 102,330.12 184,776.67 259,712.78 193,522.08 440,000.00 258,135.31 355,000.00 320,000.00 381,665.83 134,475.00 161,580.83 609,562.50 202,700.00 479,833.33 315,000.00 29,479,376.02 2,670.56 43,630.00 110,760.00 83,286.44 173,720.00 181,320.00 206,180.00 801,567.00 30,280,943.02 7,425.55 7,173.91 1,861.41 9,165.60 8,193.89 10,114.63 12,754.76 1,843.75 13,155.57 17,911.66 4,701.67 15,331.49 4,531.25 INVESTMENT RETURN 2,427,777.78 2,188,266.67 2,148,750.00 1,108,000.00 1,192,666.67 2,414,652.78 2,428,594.44 2,440,000.00 2,306,076.39 2,355,000.00 2,320,000.00 3,616,145.83 1,136,350.00 1,271,920.83 3,618,562.50 1,205,500.00 3,479,833.33 2,315,000.00 324,697,307.38 1,000,000.00 1 ,000,000.00 2,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 11,000,000.00 335,697,307.38 3,135,745.86 2,032,173.91 1,012,173.91 3,043,032.79 2,000,000.00 3,103,278.69 5,082,286.01 3,000,000.00 3,127,296.20 3,087,403.85 6,000,000.00 3,092,206.49 2,045,312.50 TERM (Days) 1,785 1,432 1,277 1,461 1,759 1,731 1,463 1,826 1,788 1,826 1,826 1,714 1,642 1,728 1,723 1,712 1,825 1,826 1,148 253 744 908 1,178 1,171 1,166 1,314 962 2,110 255 293 221 299 343 314 282 177 344 405 182 390 287 INVESTMENT REPORT AS OF JANUARY 31, 2010 INVESTMENT DATE 06/05/2009 09/16/2009 11/24/2009 11/24/2009 12/24/2009 07/22/2009 09/02/2009 11/24/2009 01/20/2010 09/02/2009 11/24/2009 10/01/2009 10/19/2009 10/19/2009 12/30/2009 10/28/2009 09/24/2009 10/28/2009 11/24/2009 01/20/2010 11/24/2009 11/10/2008 11/12/2008 03/02/2009 12/15/2008 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 04/16/2007 04/21/2009 - 05/21/2007 ' 04/02/2009 05/30/2008 TYPE TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR CD CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN SECURITY US TREASURY 2.750% US TREASURY 2.750% US TREASURY 00% US TREASURY 00% US TREASURY 00% US TREASURY 2.00% US TREASURY 1.50% US TREASURY 1.50% US TREASURY 0.0% US TREASURY 1.25% US TREASURY 1.25% US TREASURY 0.875% US TREASURY 0.875% US TREASURY 0.875% US TREASURY 0.875% US TREASURY 0.875% US TREASURY 1.1250% US TREASURY 1.1250% US TREASURY 1.1250% US TREASURY 1.00% US TREASURY 1.00% US TREASURY 3.125% US TREASURY 3.125% SUB-TOTAL WELLS FARGO BANK 9218910637 SUB-TOTAL TOYOTA 3.834% NON-CALL GOLDMAN SACHS 4.50% NON-CALL WAL-MART 4.125% NON-CALL WAL-MART 4.125% NON-CALL US BANCORP 4.50% NON-CALL WELLS FARGO 4.625% NON-CALL WAL-MART 4.75% NON-CALL WAL-MART 4.75% NON-CALL NEW YORK LIFE 4.625% NON-CALL CITIGROUP 5.125% NON-CALL CITIGROUP 5.125% NON-CALL CITIGROUP 5.125% NON-CALL HOME DEPOT 5.20% NON-CALL GENERAL ELECTRIC 5.50% NON-CALL GENERAL ELECTRIC 5.50% NON-CALL TOYOTA FIN 5.375% NON-CALL TOYOTA 5.450% NON-CALL ROYAL BANK OF CANADA 5.65% NON-CALL WELLS FARGO CO 5.30% NON-CALL PAR VALUE 3,000,000.00 2,000,000.00 4,000,000.00 2,000,000.00 5,000,000.00 3,000,000.00 5,000,000.00 2,000,000.00 4,000,000.00 5,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00 4,000,000.00 3,000,000.00 4,000,000.00 3,000,000.00 4,000,000.00 1,000,000.00 5,000,000.00 1,000,000.00 1,000,000.00 112,000,000.00 33,000.00 33,000.00 1,000,080.00 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 3,000,000.00 2,000,000.00 4,000,000.00 1,000,000.00 1,000,000.00 INVESTED AMOUNT 3,077,578.13 2,042,343.75 3,994,500.00 1,996,801.67 4,990,520.83 3,052,031.25 5,062,500.00 2,023,125.00 3,991,946.67 5,048,828.13 3,029,179.69 3,014,531.25 3,012,656.25 3,011,718.75 4,010,625.00 3,008,320.31 4,018,593.75 3,018,398.44 4,037,343.75 1,005,625.00 5,031,445.31 1,031,328.00 1,030,781.25 113,187,467.25 33,000.00 33,000.00 997,777.82 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 3,048,646.38 2,078,000.00 4,054,280.00 1,066,260.00 1,032,919.79 RETURN RATE 0.501% 0.317% 0.183% 0.193% 0.254% 0.537% 0.419% 0.259% 0.244% 0.461% 0.291% 0.509% 0.544% 0.587% 0.661% 0.699% 0.859% 0.755% 0.538% 0.630% 0.641% 2.430% 2.452% 0.468% 0.900% 0.900% 4.000% 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% 5.050% 3.372% 5.070% 2.659% 4.200% INTEREST 17,684.30 5,631.79 5,500.00 3,198.33 9,479.17 19,444.16 24,524.46 4,886.05 8,053.33 28,869.96 8,935.06 20,421.20 21,012.23 24,103.07 33,125.00 33,421.49 60,889.95 38,096.13 34,680.71 9,673.91 56,814.36 118,792.86 121,777.13 823,179.79 620.00 620.00 34,892.59 75,101.47 118,090.00 127,985.08 653,849.91 169,690.84 483,790.01 276,642.22 145,734.17 1,279,114.58 507,609.68 507,178.40 784,610.00 798,687.99 616,853.62 142,375.00 815,903.33 63,690.00 138,741.32 INVESTMENT RETURN 3,095,262.43 2,047,975.54 4,000,000.00 2,000,000.00 5,000,000.00 3,071,475.41 5,087,024.46 2,028,011.05 4,000,000.00 5,077,698.09 3,038,114.75 3,034,952.45 3,033,668.48 3,035,821.82 4,043,750.00 3,041,741.80 4,079,483.70 3,056,494.57 4,072,024.46 1,015,298.91 5,088,259.67 1,150,120.86 1,152,558.38 114,010,647.04 33,620.00 33,620.00 1,032,670.41 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 3,665,500.00 2,220,375.00 4,870,183.33 1,129,950.00 1,171,661.11 TERM (Days) 421 318 275 303 187 435 424 341 302 454 371 487 469 497 456 580 644 610 583 557 645 1,755 1,783 464 365 365 519 818 973 834 1,637 921 1,248 1,039 1,053 1,823 1,782 1,700 1,777 1,781 1,473 748 1,458 839 1,183 INVESTMENT REPORT AS OF JANUARY 31, 2010 INVESTMENT DATE 05/30/2008 05/12/2009 05/29/2007 08/14/2009 04/28/2009 08/17/2009 03/20/2007 10/11/2007 11/15/2007 05/12/2009 05/05/2009 04/21/2009 04/23/2009 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 05/12/2009 05/30/2008 05/09/2008 12/23/2008 05/12/2009 06/26/2009 05/29/2009 TYPE CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN 0 O 0 O O 0 O 0 SECURITY GENWORTH GLOBAL 5.375% NON-CALL MET LIFE GLOBAL FUNDING 5.125% NOt GENERAL ELECTRIC 5.50% CALL 11/15/08 SUNTRUST BANK 3.0% NON-CALL CITIGROUP 2.875% NON-CALL TOYOTA 5.25% NON-CALL GENERAL ELECTRIC 5.875% NON-CALL GENERAL ELETRIC 5.875% NON-CALL GENERAL ELETRIC 5.875% NON-CALL CHEVRON 3.450% NON-CALL BARCLAYS BANK 2.7% NON-CALL BERKSHIRHATWY 4.00% NON-CALL BERKSHIRHATWY4.00% NON-CALL PRINCIPAL LIFE INC 4.5% NON-CALL GENERAL ELECTRIC 6.00% NON-CALL GENERAL ELECTRIC 6.00% NON-CALL PROTECTIVE LIFE 5.050% NON-CALL JOHNSON & JOHNSON 5.15% NON-CALL GENERAL ELECTRIC 5.250% NON-CALL GENERAL ELECTRIC 5.250% NON-CALL WELLS FARGO 5.250% NON-CALL MET LIFE GLOBAL FUNDING 5 MET LIFE GLOBAL FUNDING 5 WAL-MART 4.250% NON-CALL ALLSTATE LIFE 5.375% NON-CALL NEW YORK LIFE 4.650% NON-CALL BERKSHIRHATWY 4.60% NON-CALL 3 M 4.375% NON-CALL PROTER & GAMBLE 4.60% NON-CALL WAL-MART 3.20% NON-CALL WELLS FARGO BANK CORPORATE CASH MANAGEMENT ACCOUNT LIBRARY ACCOUNT UNION TRUST L A I F WATER DISTRICT L A I F PUBLIC IMPROVEMENT L A I F PUBLIC FINANCING CORPORATION L A I F CITY OF CARLSBAD vl-CALL % NON-CAL 11/15/08 I-CALL :ALL 3ALL LL 1L ML CALL CALL ALL vl-CALL I-CALL I-CALL i% NON-CAL i% NON-CAL L _L ,LL ALL SUB-TOTAL T ACCOUNT 'RPORATION )RATION SUB-TOTAL PAR VALUE 2,000,000.00 1,000,000.00 1,850,000.00 2,000,000.00 2,000,000.00 2,250,000.00 5,956,000.00 3,000,000.00 2,000,000.00 3,000,000.00 1,575,000.00 1,000,000.00 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 1,000,000.00 2,000,000.00 1,000,000.00 1,000,000.00 2,000,000.00 5,000,000.00 1,000,000.00 99,631,080.00 608,938.00 1,403,788.85 688.42 5,000,450.00 11,805,000.00 6,852,926.30 6,213,088.61 9,947,431.78 41,832,311.96 INVESTED AMOUNT 2,016,628.76 1,020,480.00 1,850,000.00 2,066,260.00 2,060,840.00 2,427,570.00 6,187,688.40 3,089,347.40 2,089,414.35 3,103,177.11 1,590,861.34 1,022,563.95 2,039,340.00 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 1,047,829.91 2,023,559.81 1 ,006,649.66 1,023,835.68 2,121,417.76 5,246,650.00 1,003,190.00 101,606,014.81 608,938.00 1,403,788.85 688.42 5,000,450.00 11,805,000.00 6,852,926.30 6,213,088.61 9,947,431.78 41,832,311.96 RETURN RATE 5.100% 4.250% 5.500% 1.500% 1 .680% 1 .800% 4.970% 5.100% 4.700% 2.180% 2.330% 3.200% 3.300% 4.500% 5.200% 4.550% 5.050% 4.750% 4.830% 4.500% 4.240% 5.050% 4.900% 2.950% 5.100% 4.500% 4.000% 2.850% 3.420% 3.130% 4.251% 0.100% 0.100% 0.000% 0.050% 0.560% 0.560% 0.560% 0.560% 0.477% INTEREST 344,093.46 107,217.92 453,918.06 69,073.33 89,458.61 99,695.62 1,483,867.09 676,360.93 409,960.65 187,485.39 104,626.16 96,769.38 198,882.22 178,375.00 253,896.02 189,541.49 605,158.33 237,753.83 484,836.30 449,799.83 205,539.76 251,024.46 485,410.46 118,982.59 504,981.86 225,850.34 177,542.10 251,186.41 800,488.89 155,565.56 17,637,882.26 1.67 3.85 - 6.95 183.63 106.60 96.65 154.74 554.08 INVESTMENT RETURN 2,360,722.22 1,127,697.92 2,303,918.06 2,135,333.33 2,150,298.61 2,527,265.62 7,671,555.49 3,765,708.33 2,499,375.00 3,290,662.50 1,695,487.50 1,119,333.33 2,238,222.22 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 1,166,812.50 2,528,541.67 1,232,500.00 1,201,377.78 2,372,604.17 6,047,138.89 1,158,755.56 119,243,897.07 608,939.67 1,403,792.70 688.42 5,000,456.95 11,805,183.63 6,853,032.90 6,213,185.26 9,947,586.52 41,832,866.04 TERM (Days) 1,203 911 1,631 824 955 857 1,793 1,588 1,553 1,026 1,035 1,090 1,088 1,447 1,750 1,477 1,459 1,811 1,815 1,792 1,728 1,812 1,799 1,434 1,796 1,826 1,604 1,556 1,664 1,812 1,382 1 1 1 1 1 1 1 1 GRAND TOTAL 554,051,391.96 562,075,158.38 2.436% 48,743,179.15 610,818,337.53 CITY OF CARLSBAD Fund Equity in Pooled Investments AS OF JANUARY 31, 2010 EXHIBIT 8 Total 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 Infrastructure Replacement Other Capital Construction Enterprise: Carlsbad Municipal Water District Sewer Fund Solid Waste Storm Water Golf Course Internal Service Agency Funds Redevelopment Funds (1) Misc. Special Funds Total General Ledger Balance ** Reconciling Adjustments (2) Total Treasurer's Investment Portfolio at Amortized Cost Total 68,369,177 16,098,783 43,759,401 2,337,053 6,073,068 7,970,941 73,683,648 53,687,746 (1,250,122) 66,798,157 49,535,916 7,051,880 2,083,445 214,231 66,733,109 47,208,557 7,012,846 270,729,695 125,683,628 27,489,271 16,091,196 0 0 560,948,301 (2,105,153) 558,843,148 (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 2/08/10 EXHIBIT 9 CITY OF CARLSBAD INVESTMENT PORTFOLIO As of January 31, 2010 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 BARCLAYS BANK BERKSHIRE HATHAWAY CHEVRON GENERAL ELECTRIC JOHNSON & JOHNSON MET LIFE GLOBAL NEW YORK LIFE PROCTER & GAMBLE ROYAL BANK OF CANADA SUNTRUST BANK 3M TOYOTA WAL-MART AAA AA2 AA1 AA2 AAA AA2 AAA AA3 AAA AAA AA2 AA1 AA2 AAA AAA AA AA+ AAA AA- AAA AA- AA- AAA AA- AA AA 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 * Carrying Moodv's S&P Purchased Value ALL STATE LIFE CITIGROUP GENWORTH GLOBAL GOLDMAN SACHS HOME DEPOT PRINCIPAL LIFE PROTECTIVE LIFE US BANCORP WELLS FARGO A1 A3 A2 A1 BAA1 AA3 A2 AA3 A1 AA- 05/30/2008 2,015,560 A 06/20/2006 11,034,636 A- 05/07/2008 2,008,039 A 03/19/2008 1,004,264 BBB+ 06/12/2006 2,994,344 A+ 04/30/2008 1,000,000 AA- 07/17/2008 3,000,000 A+ 02/03/2006 2,994,729 AA- 01/30/2008 4,053,811 Market Value 2,170,100 11,381,600 2,056,740 1,014,270 3,129,540 1,027,820 2,950,680 3,066,360 4,184,750 * 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. IL, CITY OF CARLSBAD INVESTMENT PORTFOLIO AS OF JANUARY 31, 2010 WEIGHTINGS FOR CORPORATE AND FEDERAL AGENCY ISSUERS EXHIBIT 10 PERCENTAGE WEIGHTINGS BY CORPORATE NOTE ISSUER Investment Cost 2,023,559.81ALL STATE LIFE BARCLAYS BANK BERKSHIRE HATHAWAY CHEVRON CITIGROUP GENERAL ELECTRIC CAP GENWORTH GLOBAL GOLDMAN SACHS HOME DEPOT JOHNSON & JOHNSON MET LIFE GLOBAL FUND NEW YORK LIFE PRINCIPAL LIFE PROCTER & GAMBLE PROTECTIVE LIFE ROYAL BANK OF CANADA SUNTRUST BANK 3M TOYOTA US BANKCORP WAL-MART WELLS FARGO 1,590,861.34 4,085,739.63 3,103,177.11 11,022,079.70 25,459,584.89 2,016,628.76 1,025,648.53 2,974,590.00 1,017,457.28 4,043,114.52 1,994,269.66 1,000,000.00 5,246,650.00 3,000,000.00 1,066,260.00 2,066,260.00 2,121,417.76 9,557,627.82 2,952,150.09 10,099,588.99 4,139,348.92 PERCENTAGE WEIGHTINGS BY FEDERAL AGENCY ISSUER Investment Cost FAMCA 7,884,746.01 FICO 9,201,103.56 FEDERAL FARM CREDIT BANK 48,251,552.84 FEDERAL HOME LOAN BANK DISCOUNT NOTE 997,329.44 FEDERAL HOME LOAN BANK 135,958,401.43 FEDERAL HOME LOAN MORTGAGE CORP 52,942,369.93 FEDERAL NATIONAL MORTGAGE ASSOC 44,650,382.62 TVA 5,530,478.48 U.S.TREASURY 113,187,467.30 Total Portfolio * No more than 5% may be invested with a single corporate issuer. """There are no percentage limits on federal agency issuers. Percent of Portfolh 0.36% 0.28% 0.73% 0.55% 1.96% 4.53% 0.36% 0.18% 0.53% 0.18% 0.72% 0.35% 0.18% 0.93% 0.53% 0.19% 0.37% 0.38% 1.70% 0.53% 1.80% 0.74% Percent of Portfolio** 1.40% 1.64% 8.58% 0.18% 24.19% 9.42% 7.94% 0.98% 20.14% $562,075,158.38 17