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HomeMy WebLinkAbout2010-08-24; City Council; 20339; Report on City Investments July 31, 2010CITY OF CARLSBAD - AGENDA BILL AB# MTG. DEPT. 20,339 8/24/10 TRS REPORT ON CITY INVESTMENTS AS OF JULY 31, 2010 DEPT. HEAD ( Wtf/ CITYATTY. ^g& CITYMGR. f,^— - 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 July 31, 2010 is summarized below. Pooled Investment Portfolio (Cash and Securities) Par Value Cost of Investments Amortized Cost (1) Market Value (2) Current Month 562,177,790 570,066,796 566,934,179 576,478,288 Prior Month 566,617,265 574,649,669 571,405,529 580,413,816 (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 7/31/10. The equity portion of the various funds in the total portfolio is summarized in the graph on the next page. Fund balances are restricted for various purposes. See Exhibit 8 for a more detailed breakdown. FUND EQUITY IN POOLED INVESTMENTS (Dollar Amounts in Millions) General Special Revenue $49 Internal Service Agency Enterprise Capital Projects $288 Total Treasurer's Investment Portfolio at Amortized Cost July 31,2010 $567 million FOR CITY CLERKS USE ONLY. COUNCIL ACTION: APPROVED J? DENIED D CONTINUED D WITHDRAWN D AMENDED D CONTINUED TO DATE SPECIFIC CONTINUED TO DATE UNKNOWN RETURNED TO STAFF OTHER - SEE MINUTES Dn nn DEPARTMENT CONTACT: Nancy Sullivan (760) 602-2473 Nancv.Sullivan@carlsbadca.gov PAGE 2 OF AB REPORT ON CITY INVESTMENTS AS OF JULY 31. 2010 Pooled Investment Interest Income Cash Income Fiscal Year-to-Date * Current Month FYTD 1 ,337,486 Prior Month FYTD 0 Current Month Income 1,337,486 *The cash income received is adjusted for any accrued interest purchased. Pooled Investment Performance/Measurement May 2010 June 2010 July 2010 Average Life (Years) 1.46 1.46 1.39 Average Yield To Maturity 2.26% 2.24% 2.12% Modified Duration 1.397 1.401 1.342 All pooled investments have been made in accordance with the City's Investment Policy adopted January 2, 1985 and last revised March 23, 2010. 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. Fisrt 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 JULY 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 TOTALS Current Month 0 11,468,836 0 86,209,056 274,465,807 91,628,691 100,361,240 64,054 2,008,832 727,664 $566,934,179 Prior Month 0 11,443,730 0 86,245,438 294,106,683 97,678,413 78,008,263 45,787 3,294,803 582,412 $571,405,529 CD - Certificate of Deposit FN - Federal Discount Notes Current Month 0 11,728,420 0 86,466,170 280,350,214 94,771,694 100,361,240 64,054 2,008,832 727,664 $576,478,288 TR - US Treasury FA - Federal Agency Prior Month 0 11,696,280 0 86,476,260 299,644,768 100,665,243 78,008,263 45,787 3,294,803 582,412 $580,413,816 Cash Income Year to Date 0 0 0 0 1,028,973 233,375 74,977 1 159 0 $1,337,486 LAIF - Local Agency Custody - Investment Current Month 0.00 2.58 0.00 0.56 2.49 4.22 0.53 0.05 0.10 0.10 2.12% Investment Fund Cash account Prior Month 0.00 2.58 0.00 0.56 2.53 4.21 0.56 0.05 0.10 0.10 2.24% m X:ni — i DO CP - Corporate Paper CN - Corporate Notes SWEEP - General Fund Overnight Cash acccount Bank Account - General Fund Cash account CITY OF CARLSBAD INVESTMENT PORTFOLIO AS OF JULY 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 0 0 0 46,346,643 32,445,626 8,047,504 100,361,240 64,054 2,008,832 727,664 $190,001,563 (1) 33.3% Year 7 MONTHS TO 1 YEAR 0 956,370 0 22,110,625 23,880,452 24,122,901 0 0 0 0 $71,070,349 (1) 12.5% $261,071,912 (1) 1 TO 5 YEARS 0 10,126,814 0 18,135,037 220,324,270 60,408,763 0 0 0 0 $308,994,884 54.2% TOTAL 0 11,083,184 0 86,592,305 276,650,349 92,579,168 100,361,240 64,054 2,008,832 727,664 $570,066,796 100.0% % TOTAL 0.0% 1.9% 0.0% 15.2% 48.5% 16.2% (2) 17.6% 0.0% 0.4% 0.1% 100.0% 45.8% POLICY: (1) Not less than $125,500,000 to mature within one year. (2/3rds of current year operating budget of $188,300,000.00) (2) Policy states that not more than 30% of portfolio is to be invested in corporate notes. xret—i DO YIELD COMPARISON PORTFOLIO EX-LAIF VS. LAIF JULY 1998-JULY 2010 MARKET YIELD CURVE 6/30/09,6/30/10,7/31/10 Market Rates 3Mth 2Yr 5Yr 3Mth 2Yr 5Yr 10 Yr —06/30/2009 -*• 06/30/2010 -^•07/31/2010 .18 .17 .14 1.11 .60 .55 2.55 1.77 1.60 3.53 2.93 2.91 10 Yr X^I—I DO Cumulative Cash Income FY10-11 Cumulative , T , ~ ~ , ~ x Monthly Interest Income Millions $ (July 2010) Millions $ 24 22 20 18 16 14 12 10 8 61 4 2.n 0 ^** ** ^^ ^ ^^^ .34 ^,+~ ^^f' u - 7 5 3 1 - n Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun i=iInterest Income —•--Budget Actual X JCI—I DOi—i -\ cn City of Carlsbad TRANSACTIONS FOR PERIOD: 07/01/10 TO 07/31/10 1st QUARTER 2010-2011 Trans Date BUYS JULY 06/30/2010 06/30/2010 07/28/2010 Investment Date 07/01/2010 07/01/2010 07/29/2010 TOTAL FIRST QUARTER Maturity Date 12/21/2012 05/26/2015 04/28/2015 2010-2011 Type FA FA FA Security FHLMC FHLMC FFCB Call Date N/A 11/26/2010 10/28/2010 Par Value 3,000,000.00 3,000,000.00 2,000,000.00 8,000,000.00 Coupon 4.125% 3.000% 2.120% Amount (Cost) 3,233,040.00 3,027,060.00 2,001,080.00 8,261,180.00 Return Rate 0.939% 2.801% 2.108% 1.904% Interest 72,897.50 414,190.00 200,202.22 687,289.72 Investment Return 3,305,937.50 3,441,250.00 2,201,282.22 8,948,469.72 MATURITIES JULY AUGUST 07/25/2007 07/15/2008 03/12/2008 02/20/2008 02/13/2008 11/01/2007 03/19/2008 02/03/2006 06/05/2009 09/16/2009 TOTAL FIRST QUARTER CALLS and 02/10/2010 12/02/2008 01/11/2010 01/19/2010 12/07/2007 01/19/2010 08/20/2009 08/11/2009 11/04/2009 07/20/2007 / or SALES 02/11/2010 12/03/2008 01/19/2010 01/20/2010 12/10/2007 01/21/2010 08/21/2009 08/12/2009 11/05/2009 07/30/2007 07/06/2010 07/15/2010 07/26/2010 07/28/2010 07/30/2010 07/01/2010 07/01/2010 07/29/2010 07/31/2010 07/31/2010 2010-2011 10/26/2011 07/08/2013 07/19/2012 07/20/2012 07/20/2012 07/21/2014 07/23/2013 07/27/2012 07/30/2014 07/30/2012 FA FA FA FA FA CN CN CN TR TR FA FA FA FA FA FA FA FA FA FA FNMA FFCB FHLB FNMA FHLB WAL-MART WAL-MART US BANCORP US TREASURY US TREASURY FFCB FFCB FHLMC FNMA FHLB FNMA FHLMC FHLB FNMA FHLB N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 07/06/2010 07/08/2010 07/19/2010 07/20/2010 07/20/2010 07/21/2010 07/23/2010 07/27/2010 07/30/2010 07/30/2010 1,000,000.00 1,000,000.00 1,000,000.00 3,000,000.00 2,550,000.00 1,000,000.00 2,000,000.00 3,000,000.00 3,000,000.00 2,000,000.00 19,550,000.00 4,000,000.00 2,000,000.00 3,000,000.00 1,250,000.00 1,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 1,100,000.00 1,770,000.00 5.125% 3.200% 4.440% 4.700% 5.000% 4.125% 4.125% 4.500% 2.750% 2.750% 0.950% 4.625% 1.625% 1.500% 5.580% 3.030% 2.400% 2.000% 3.300% 5.520% 1,000,640.00 1,000,000.00 1,043,000.00 3,134,430.00 2,688,248.25 991,910.00 2,060,389.92 2,952,150.09 3,077,578.13 2,042,343.75 19,990,690.14 4,002,000.00 2,053,420.00 3,000,000.00 1,249,375.00 1,037,000.00 1,001,875.00 1,991,200.00 1,988,600.00 1,110,340.00 1,770,000.00 5.100% 3.200% 2.559% 2.786% 2.710% 4.448% 2.750% 4.900% 0.501% 0.317% 2.687% 0.921% 3.983% 1.625% 1.520% 4.677% 2.985% 2.518% 2.200% 3.084% 5.520% 150,405.14 64,000.00 62,326.67 209,453.33 175,897.58 118,090.00 127,985.08 653,849.91 17,684.30 5,631.79 1,585,323.80 62,916.67 371,823.06 121,875.00 47,500.00 220,300.00 134,475.00 197,066.67 129,733.33 161,580.83 488,520.00 1,151,045.14 1,064,000.00 1,105,326.67 3,343,883.33 2,864,145.83 1,110,000.00 2,188,375.00 3,606,000.00 3,095,262.43 2,047,975.54 21,576,013.94 4,064,916.67 2,425,243.06 3,121,875.00 1,296,875.00 1,257,300.00 1,136,350.00 2, 188,266.67m 2,118,333.33^ 1,271,920.835 2,258,520.00 3 TOTAL FIRST QUARTER 2010-2011 19,120,000.00 19,203,810.00 2.555% 1,935,790.56 21,139,600.56 INVESTMENT REPORT AS OF JULY 31,2010 INVESTMENT DATE TYPE 10/30/2007 FA 02/12/2008 FA 09/18/2007 FA 09/26/2007 FA 05/08/2008 FA 12/05/2008 FA 03/11/2009 FA 09/26/2007 FA 06/01/2009 FA 05/05/2008 FA 04/22/2009 FA 06/03/2009 FA 06/01/2009 FA 06/03/2009 FA 12/05/2008 FA 02/20/2008 FA 05/11/2009 FA 06/22/2009 FA 08/31/2007 FA 05/08/2008 FA 09/17/2008 FA 03/09/2007 FA 08/01/2007 FA 08/31/2007 FA 05/08/2008 FA 03/31/2009 FA 05/11/2009 FA 12/30/2009 FA 06/29/2009 FA 10/01/2009 FA 03/19/2007 FA 01/23/2009 FA 06/22/2009 FA 03/05/2007 FA 03/15/2007 FA 01/23/2009 FA 10/30/2007 FA 12/08/2009 FA 03/15/2007 FA 12/07/2009 FA 12/08/2009 FA 03/19/2007 FA 12/30/2009 FA 12/09/2009 FA —Q 06/29/2009 FA SECURITY FHLB4.7% NON-CALL FHLB3.190% CALL 8/12/08 FHLMC5.125% NON-CALL FHLB 5.125% NON-CALL FHLB3.00% NON-CALL FHLB 3.375% NON-CALL FHLB 1.4% NON-CALL FFCB5.25% NON-CALL 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 FHLMC4.50% NON-CALL FHLB 2.875% NON-CALL FHLB 1.375% NON-CALL FHLB 1.125% NON-CALL FHLB 5.275% NON-CALL FHLB 5.25% NON-CALL FHLB 5.25% NON-CALL FNMA3.64% NON-CALL FAMCA5.50% NON-CALL FAMCA5.50% NON-CALL FAMCA5.5% NON-CALL FFCB 3.625% NON-CALL FAMCA 5.50% NON-CALL FHLMC 5.25% NON-CALL FHLB 1.625% NON-CALL FHLB 1.375% NON-CALL FHLB 5.75% NON-CALL FHLB 5.75% NON-CALL FFCB 3.875% NON-CALL FHLB 5.00% NON-CALL FHLB 5.00% NON-CALL FHLB 5.00% NON-CALL FHLMC 5.50% NON-CALL FFCB 1.128% NON-CALL FHLB 4.875% NON-CALL FHLB 4.25% NON-CALL FHLB 4.25% NON-CALL FHLB 4.875% NON-CALL FNMA 1.0% NON-CALL FFCB .875% NON-CALL FFCB 2.0% NON-CALL PAR VALUE 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 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 1,000,000.00 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 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 INVESTED AMOUNT 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 2,014,960.00 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 1,001,350.00 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 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 RETURN RATE 4.337% 3.190% 4.530% 4.500% 3.115% 2.420% 1.400% 4.490% 0.700% 2.980% 1.125% 0.701% 0.750% 0.800% 2.470% 2.950% 1.305% 1.420% 4.761% 3.345% 2.720% 4.805% 5.175% 4.781% 3.545% 1.639% 2.050% 0.900% 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% INTEREST 121,226.76 239,250.00 402,452.92 268,756.21 145,457.34 86,402.50 41,922.22 269,508.33 19,276.11 74,901.88 50,625.00 20,104.72 21,906.67 23,270.00 154,245.00 270,402.49 25,653.47 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 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 INVESTMENT RETURN 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 2,034,236.11 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 1,027,003.47 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 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 TERM (Days) 1,015 912 1,070 1,080 855 644 548 1,083 500 900 548 506 532 530 741 1,115 717 711 1,379 1,128 996 1,588 1,444 1,414 1,163 836 795 565 758 673 1,610 934 794 1,649 1,639 959 1,416 664 1,665 708 707 1,705 693 730 932 X:ci—i DO INVESTMENT REPORT AS OF JULY 31, 2010 INVESTMENT DATE TYPE SECURITY 05/21/2007 FA FFCB 4.875% NON-CALL 05/17/2010 FA FFCB 1.14% CALL 5/17/11 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 05/20/2010 FA FHLB 1.375% NON-CALL 10/20/2009 FA FFCB 2.125% NON-CALL 11/25/2009 FA FFCB 5.45% NON-CALL 01/20/2010 FA FHLMC 5.125% NON-CALL 10/19/2009 FA FFCB 1.55% CALL 10/19/10 08/05/2008 FA FFCB 3.950% NON-CALL 03/24/2010 FA FHLB 1.25% NON-CALL 10/27/2009 FA FNMA 1.70% CALL 10/27/10 06/04/2010 FA FHLMC 1.125% NON-CALL 12/24/2009 FA FNMA 5.00% NON-CALL 01/25/2010 FA FAMCA 2.1% NON-CALL 01/20/2010 FA FNMA 1.75% NON-CALL 03/16/2010 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 06/04/2010 FA FHLB 2.4% NON-CALL 11/17/2009 FA FHLB 1.75% CALL 8/17/10 02/27/2009 FA FNMA 2.625% CALL 8/27/10 06/04/2010 FA FHLB 1.1 % NON-CALL 09/04/2009 FA FNMA 2.50% CALL 9/7/10 05/05/2008 FA FHLB 5.00% NON-CALL 08/22/2008 FA FHLB 4.5% NON-CALL 06/04/2010 FA FHLB 2.00% NON-CALL 03/08/2010 FA FHLMC 2.125% 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 12/07/2009 FA FNMA 1.875% CALL 10/29/10 06/04/2010 FA FHLB 1.375% NON-CALL 06/03/2008 FA FNMA 6.41% NON-CALL 12/14/2009 FA FHLB 1.0% CALL 12/14/11 STEP 07/01/2010 FA FHLMC 4.125% NON-CALL 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 03/10/2008 FA FHLB 3.50% NON-CALL PAR VALUE 2,000,000.00 3,000,000.00 2,000,000.00 3,000,000.00 1,000,000.00 1,000,000.00 3,000,000.00 5,000,000.00 3,000,000.00 2,000,000.00 1 ,000,000.00 3,000,000.00 2,000,000.00 2,000,000.00 1,000,000.00 5,000,000.00 1,037,000.00 1,000,000.00 1,000,000.00 3,000,000.00 2,000,000.00 2,000,000.00 1,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 4,000,000.00 2,000,000.00 1,175,000.00 1,000,000.00 5,000,000.00 3,000,000.00 1,000,000.00 3,000,000.00 3,000,000.00 1,000,000.00 2,000,000.00 1,000,000.00 3,000,000.00 1,807,000.00 1,000,000.00 3,000,000.00 3,000,000.00 1,000,000.00 1,000,000.00 3,000,000.00 INVESTED AMOUNT 1,987,880.00 3,000,000.00 2,130,980.00 3,399,498.48 1,005,040.00 1 ,005,254.43 3,050,958.11 5,036,422.30 3,049,023.21 2,210,347.28 1,092,760.00 2,995,200.00 2,002,900.00 2,000,352.89 998,800.00 5,004,198.09 1,127,519.73 1,015,908.69 1,009,004.81 3,034,050.00 1,999,500.00 2,150,960.00 1,078,810.00 1,027,049.96 2,000,000.00 2,000,000.00 4,000,013.10 2,000,000.00 1,238,814.19 1 ,022,730.00 5,091,850.00 3,058,800.00 1 ,003,470.00 3,032,750.01 3,014,100.00 1,063,510.00 2,034,780.00 1,003,900.00 3,012,394.24 1 ,990,388.82 999,500.00 3,233,040.00 3,000,000.00 1,102,490.00 999,531.25 2,963,940.00 • RETURN RATE 5.015% 1.140% 5.235% 1.534% 5.255% 5.250% 3.900% 1.015% 1.496% 1.280% 1.320% 1.610% 3.910% 1.243% 1.745% 1.085% 1.567% 1.460% 1.390% 1.268% 4.357% 2.391% 1.567% 1.150% 1.750% 2.625% 1.100% 2.500% 3.640% 3.889% 1.180% 1.336% 1.680% 1.405% 1.824% 1.928% 4.100% 1.736% 1.200% 3.890% 1.673% 0.939% 4.250% 1.926% 2.015% 3.765% INTEREST 489,057.50 68,400.00 524,632.22 128,989.85 256,692.64 256,478.21 460,552.31 104,515.20 120,622.62 70,024.94 34,653.19 132,675.00 310,466.67 58,188.78 47,950.00 116,583.16 44,578.33 37,466.31 35,717.41 91,950.00 348,500.00 176,901.11 43,367.08 25,683.37 96,250.00 183,750.00 98,253.57 150,416.67 192,237.89 160,020.00 135,927.78 102,877.08 50,180.00 120,099.99 151,566.67 67,701.81 401,970.00 50,370.83 86,720.34 331,405.40 50,500.00 72,897.50 637,500.00 67,316.94 65,468.75 560,476.67 INVESTMENT RETURN 2,476,937.50 3,068,400.00 2,655,612.22 3,528,488.33 1,261,732.64 1,261,732.64 3,511,510.42 5,140,937.50 3,169,645.83 2,280,372.22 1,127,413.19 3,127,875.00 2,313,366.67 2,058,541.67 1,046,750.00 5,120,781.25 1,172,098.06 1,053,375.00 1,044,722.22 3,126,000.00 2,348,000.00 2,327,861.11 1,122,177.08 1,052,733.33 2,096,250.00 2,183,750.00 4,098,266.67 2,150,416.67 1,431,052.08 1,182,750.00 5,227,777.78 3,161,677.08 1,053,650.00 3,152,850.00 3,165,666.67 1,131,211.81 2,436,750.00 1,054,270.83 3,099,114.58 2,321,794.22 1,050,000.00 3,305,937.50 3,637,500.00 1,169,806.94 1,065,000.00 3,524,416.67 TERM (Days) 1,788 731 1,764 947 1,780 1,780 1,424 750 972 939 907 1,004 1,448 856 1,004 784 952 928 933 878 1,461 1,294 965 803 1,004 1,277 816 1,099 1,593 1,484 833 928 1,089 1,034 1,009 1,238 1,773 1,057 878 1,624 1,096 904 1,827 1,206 1,188 1,824 INVESTMENT REPORT AS OF JULY 31,2010 INVESTMENT DATE TYPE SECURITY 11/25/2009 FA FHLB 2.35% CALL 9/15/10 08/26/2009 FA FHLMC 2.5% CALL 4/8/11 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 05/25/2010 FA FFCB 1.375% NON-CALL 12/28/2009 FA FHLB 1.85% NON-CALL 08/27/2008 FA FNMA 4.375% NON-CALL 01/26/2010 FA FHLB 2.125% CALL 1/26/11 02/19/2010 FA FHLMC 1.0% CALL 2/15/11 08/19/2009 FA FFCB 2.7% NON-CALL 02/26/2010 FA FNMA 2.05% CALL 8/26/10 02/26/2010 FA FHLMC 2.125% CALL 8/26/10 11/12/2008 FA FHLB 4.0% NON-CALL 03/10/2010 FA FHLB 2.1% CALL 12/17/2008 FA FHLB 4.375% NON-CALL 03/24/2010 FA FHLMC 4.125% NON-CALL 02/23/2010 FA FFCB 3.875% NON-CALL 04/15/2010 FA FHLB 2.00% NON-CALL 10/19/2009 FA FFCB 5.350% NON-CALL 11/26/2008 FA FHLB 3.5% CALL 11/26/10 01/20/2009 FA FHLB 3.125% NON-CALL 02/12/2010 FA FFCB 3.00% NON-CALL 02/12/2010 FA FNMA 2.125% CALL 10/28/11 03/24/2010 FA FHLB 2.5% NON-CALL 10/20/2009 FA FFCB 4.375% NON-CALL 06/04/2010 FA FNMA 3.00% CALL 7/28/11 06/08/2010 FA FNMA 3.00% CALL 7/28/11 03/24/2010 FA FHLB 5.5% NON-CALL 03/24/2010 FA FHLB 5.25% NON-CALL 03/22/2010 FA FNMA 2.570% CALL 03/24/2010 FA FFCB 3.0% NON-CALL 09/24/2009 FA FNMA 2.0% CALL 9/23/11 STEP 06/04/2010 FA FNMA 3.125% CALL 9/29/10 04/22/2010 FA FHLB 2.0% CALL 10/28/11 STEP 05/20/2010 FA FNMA 2.125% QRTLY CALL STEP 03/09/2010 FA FNMA 3.0% CALL 03/12/2010 FA FHLMC 1.0% STEP CALL 3/23/11 07/29/2010 FA FFCB 2.12% CALL 10/28/10 CONTINUOS 06/04/2010 FA FNMA 2.00% CALL 10/29/12 STEP 07/01/2010 FA FHLMC 3.0% CALL 11/26/10 PAR VALUE 1,000,000.00 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 2,000,000.00 2,000,000.00 1,000,000.00 1,000,000.00 2,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 2,000,000.00 3,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 1,000,000.00 1,000,000.00 3,000,000.00 3,000,000.00 2,000,000.00 2,000,000.00 3,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 3,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 1,000,000.00 4,000,000.00 2,000,000.00 2,000,000.00 3,000,000.00 INVESTED AMOUNT 1,009,500.00 2,008,000.00 536,967.86 532,794.50 1,065,788.37 2,130,988.03 1,000,000.00 1,993,760.00 1 ,987,226.45 2,035,600.00 2,000,000.00 1,000,000.00 1,005,669.88 2,000,000.00 1,000,000.00 1,007,890.00 1 ,000,000.00 2,154,940.00 3,222,330.00 1,065,180.00 2,000,000.00 2,235,072.36 2,000,000.00 2,047,941.08 1,028,536.49 1,014,759.55 3,016,423.52 3,234,480.00 2,037,406.00 2,040,000.00 3,395,255.41 2,231,960.00 2,000,000.00 2,047,400.80 3,000,000.00 2,017,420.00 2,015,640.00 2,007,000.00 1,000,000.00 4,000,000.00 2,001,080.00 2,018,771.34 3,027,060.00 RETURN RATE 2.051% 2.384% 2.100% 2.120% 3.800% 2.450% 2.125% 1.479% 2.040% 3.970% 2.125% 2.054% 2.550% 2.050% 2.125% 3.818% 2.100% 2.625% 1.930% 2.000% 2.000% 2.264% 4.361% 2.600% 2.250% 3.167% 2.363% 2.595% 2.522% 2.488% 2.323% 2.490% 2.570% 2.440% 3.163% 2.908% 2.950% 3.192% 3.000% 3.400% 2.108% 2.780% 2.801% INTEREST 68,180.56 172,833.33 39,296.03 40,094.39 181,163.02 195,081.41 74,375.00 91,031.67 142,273.55 392,177.78 148,750.00 72,388.89 102,330.12 143,500.00 74,375.00 184,776.67 73,500.00 259,712.78 211,826.25 75,181.11 140,000.00 193,522.08 440,000.00 258,135.31 91,463.51 121,601.56 300,034.82 381,665.83 211,594.00 208,333.33 328,452.92 237,040.00 231,300.00 222,265.87 479,833.33 252,545.28 270,026.67 308,083.33 150,000.00 680,000.00 200,202.22 277,339.77 414,190.00 INVESTMENT RETURN 1,077,680.56 2,180,833.33 576,263.89 572,888.89 1,246,951.39 2,326,069.44 1,074,375.00 2,084,791.67 2,129,500.00 2,427,777.78 2,148,750.00 1,072,388.89 1,108,000.00 2,143,500.00 1,074,375.00 1,192,666.67 1,073,500.00 2,414,652.78 3,434,156.25 1,140,361.11 2,140,000.00 2,428,594.44 2,440,000.00 2,306,076.39 1,120,000.00 1,136,361.11 3,316,458.34 3,616,145.83 2,249,000.00 2,248,333.33 3,723,708.33 2,469,000.00 2,231,300.00 2,269,666.67 3,479,833.33 2,269,965.28 2,285,666.67 2,315,083.33 1,150,000.00 4,680,000.00 2,201,282.22 2,296,111.11 3,441,250.00 TERM (Days) 1,206 1,321 1,310 1,331 1,677 1,401 1,278 1,127 1,278 1,785 1,277 1,273 1,461 1,277 1,277 1,759 1,280 1,731 1,283 1,322 1,279 1,463 1,826 1,788 1,461 1,536 1,542 1,714 1,515 1,511 1,603 1,633 1,645 1,643 1,825 ,578 ,650 ,743 ,826 ,837 1,734 1,790 1,790 SUB-TOTAL 270,385,000.00 276,650,348.91 2.488% 25,424,375.00 302,074,723.91 1,216 INVESTMENT REPORT AS OF JULY 31, 2010 INVESTMENT DATE 03/12/2009 02/11/2009 02/18/2009 02/25/2009 03/02/2009 03/02/2009 03/09/2010 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 02/12/2010 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 02/23/2010 03/24/2010 11/10/2008 11/12/2008 01/31/2008 03/16/2007 10/11/2007 09/28/2007 02/17/2006 03/30/2006 06/20/2006 TYPE FN FN FN FN FN FN FN TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR TR CN CN CN CN CN CN CN SECURITY FICO STRIP 0.00% NON-CALL FICO STRIP 0.00% NON-CALL FICO STRIP 0.00% NON-CALL FICO STRIP 0.00% NON-CALL FICO 0.0% NON-CALL FICO 0.0% NON-CALL FICO 0.0% NON-CALL US TREASURY 2.75% US TREASURY 2.75% 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 .875% 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 1.00% US TREASURY 1.00% US TREASURY 3.125% US TREASURY 3.125% SUB-TOTAL SUB-TOTAL 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 PAR VALUE 1,000,000.00 2,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 12,000,000.00 182,385,000.00 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 2,000,000.00 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 3,000,000.00 8,000,000.00 1,000,000.00 1,000,000.00 86,000,000.00 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 INVESTED AMOUNT 956,370.00 1,889,240.00 916,713.56 1,826,280.00 1,818,680.00 1 ,793,820.00 1 ,882,080.00 11,083,183.56 287,733,532.47 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 2,010,100.00 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 3,016,170.00 8,025,312.50 1,031,328.00 1,030,781.25 86,592,304.68 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 RETURN RATE 2.200% 2.300% 2.710% 2.850% 3.000% 3.050% 1.850% 2.576% 0.501% 0.317% 0.183% 0.193% 0.254% 0.537% 0.419% 0.259% 0.244% 0.461% 0.291% 0.301% 0.509% 0.544% 0.587% 0.661% 0.699% 0.859% 0.755% 0.538% 0.630% 0.641% 0.660% 0.801% 2.430% 2.452% 0.561% 3.300% 4.720% 4.870% 5.090% 5.125% 5.220% 5.500% INTEREST 43,630.00 110,760.00 83,286.44 173,720.00 181,320.00 206,180.00 117,920.00 916,816.44 26,341,191.44 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 5,321.27 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 31,797.03 102,864.30 118,792.86 121,777.13 848,997.25 169,690.84 483,790.01 276,642.22 145,734.17 1,279,114.58 507,609.68 507,178.40 INVESTMENT RETURN 1,000,000.00 2,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 12,000,000.00 314,074,723.91 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 2,015,421.27 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 3,047,967.03 8,128,176.80 1,150,120.86 1,152,558.38 87,441,301.93 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 TERM (Days) 744 908 1,178 1,171 1,166 1,314 1,206 1,098 2,315 421 318 275 303 273 435 424 341 302 454 371 322 487 469 497 456 580 644 610 583 557 645 584 586 1,755 1,783 557 921 1,248 1,039 1,053 1,823 1,782 1,700 INVESTMENT REPORT AS OF JULY 31, 2010 INVESTMENT DATE 04/19/2006 06/12/2006 04/16/2007 04/21/2009 05/21/2007 04/02/2009 05/30/2008 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 02/08/2010 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 05/29/2009 05/20/2010 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 CN CN CN CN CN CN CN CN O O O O O SECURITY 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 GENWORTH GLOBAL 5.375% NON-CALL MET LIFE GLOBAL FUNDING 5.125% NON-CALI 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 BERKSHIRHATWY4.00% NON-CALL BERKSHIRHATWY 4.00% NON-CALL PRINCIPAL LIFE INC 4.5% NON-CALL GENERAL ELECTRIC 6.00% 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 5.125% NON-CALI MET LIFE GLOBAL FUNDING 5.125% NON-CALI 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 WAL-MART 3.20% NON-CALL MICROSOFT 2.95% NON-CALL SUB-TOTAL WELLS FARGO BANK CORPORATE CASH MANAGEMENT ACCOUNT LIBRARY ACCOUNT UNION TRUST L A I F WATER DISTRICT PAR VALUE 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 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 2,000,000.00 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 1,000,000.00 2,000,000.00 90,631,000.00 727,172.00 2,008,831.66 492.27 64,054.22 25,697,864.09 INVESTED AMOUNT 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 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 2,174,860.00 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 1,003,190.00 2,072,820.00 92,579,168.45 727,172.00 2,008,831.66 492.27 64,054.22 25,697,864.09 RETURN RATE 5.400% 5.450% 5.050% 3.372% 5.070% 2.659% 4.200% 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% 2.167% 5.050% 4.750% 4.830% 4.500% 4.240% 5.050% 4.900% 2.950% 5.100% 4.500% 4.000% 2.850% 3.130% 2.005% 4.223% 0.100% 0.100% 0.000% 0.050% 0.530% INTEREST 784,610.00 798,687.99 616,853.62 142,375.00 815,903.33 63,690.00 138,741.32 344,093.46 107,217.92 453,918.06 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 96,769.38 198,882.22 178,375.00 253,896.02 189,541.49 107,473.33 605,158.33 237,753.83 484,836.30 449,799.83 205,539.76 251,024.46 485,410.46 118,982.59 504,981.86 225,850.34 177,542.10 251,186.41 155,565.56 164,982.78 16,099,930.43 1.99 5.50 - 0.09 378.33 INVESTMENT RETURN 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 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 2,282,333.33 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 1,158,755.56 2,237,802.78 108,679,098.88 727,173.99 2,008,837.16 492.27 64,054.31 25,698,242.42 TERM (Days) 1,777 1,781 1,473 748 1,458 839 1,183 1,203 911 1,631 824 955 857 1,793 ,588 ,553 ,026 ,035 ,090 1,088 1,447 1,750 1,477 858 1,459 1,811 1,815 1,792 1,728 1,812 1,799 1,434 1,796 1,826 1,604 1,556 1,812 1,473 1,414 1 1 1 1 1 INVESTMENT REPORT AS OF JULY 31, 2010 INVESTMENT DATE TYPE SECURITY O L A I F PUBLIC IMPROVEMENT CORPORATION O L A I F PUBLIC FINANCING CORPORATION O L A I F CITY OF CARLSBAD PAR VALUE 21,580,997.07 27,281,215.94 25,801,162.97 INVESTED AMOUNT 21,580,997.07 27,281,215.94 25,801,162.97 RETURN RATE 0.530% 0.530% 0.530% INTEREST 317.72 401.64 379.85 INVESTMENT RETURN 21,581,314.79 27,281,617.58 25,801,542.82 TERM (Days) 1 1 1 SUB-TOTAL 103,161,790.22 103,161,790.22 0.518%1,485.13 103,163,275.35 GRAND TOTAL 562,177,790.22 570,066,795.82 2.122% 43,291,604.25 613,358,400.07 EXHIBIT 8 CITY OF CARLSBAD Fund Equity in Pooled Investments AS OF JULY 31, 2010 Cash Balance by Fund: General 60,939,674 Special Revenue 49,734,285 Debt Service 0 Capital Projects: General Capital Construction 67,710,531 Traffic Impact Fees 16,713,604 Public Facilities Fees 44,538,746 Park Development 2,398,475 Transnet Taxes 3,310,896 Drainage Fees 6,622,439 Special Districts 74,586,509 Infrastructure Replacement 61,116,146 Redevelopment 10,477,419 Other Capital Construction 469,080 Total 287,943,844 Enterprise: Carlsbad Municipal Water District 65,909,094 Sewer Fund 48,378,789 Solid Waste 7,045,505 Storm Water 2,680,769 Golf Course 214,253 Total 124,228,409 Internal Service 28,521,332 Agency Funds 16,857,623 Misc. Special Funds 0 Total General Ledger Balance ** 568,225,168 Reconciling Adjustments (1) (1,290,988) Total Treasurer's Investment Portfolio at Amortized Cost 566,934,179 (1) 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 8/09/10 EXHIBIT 9 CITY OF CARLSBAD INVESTMENT PORTFOLIO As of July 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) Moody's S&P AAA AA2 AA1 AA2 AAA AA3 AAA AAA AAA AAA AA2 AA1 AA2 AAA AA- AA AA+ AAA AA- AAA AAA AA- AAA AA- AA AA BARCLAYS BANK BERKSHIRE HATHAWAY CHEVRON GENERAL ELECTRIC JOHNSONS JOHNSON MET LIFE GLOBAL MICROSOFT NEW YORK LIFE ROYAL BANK OF CANADA SUNTRUST BANK 3M TOYOTA WAL-MART 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 * ALL STATE LIFE CITIGROUP GENWORTH GLOBAL HOME DEPOT PRINCIPAL LIFE PROTECTIVE LIFE WELLS FARGO Moodv's A1 A3 A2 BAA1 AA3 A2 S&P AA- A A BBB+ A+ AA- Purchased 05/30/2008 06/20/2006 05/07/2008 06/12/2006 04/30/2008 07/17/2008 Carrying Value 2,013,164 11,027,126 2,005,561 2,996,954 1,000,000 3,000,000 Market Value 2,198,320 11,226,370 2,043,800 3,069,360 1,021,350 3,140,970 A1 AA- 01/30/2008 4,031,593 4,124,480 * 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. 11* EXHIBIT 10 CITY OF CARLSBAD INVESTMENT PORTFOLIO AS OF JULY 31, 2010 WEIGHTINGS FOR CORPORATE AND FEDERAL AGENCY ISSUERS PERCENTAGE WEIGHTINGS BY CORPORATE NOTE ISSUER ALL STATE LIFE BARCLAYS BANK BERKSHIRE HATHAWAY CHEVRON CITIGROUP GENERAL ELECTRIC CAP GENWORTH GLOBAL HOME DEPOT JOHNSON & JOHNSON MET LIFE GLOBAL FUND MICROSOFT NEW YORK LIFE PRINCIPAL LIFE PROTECTIVE LIFE ROYAL BANK OF CANADA SUNTRUST BANK 3M TOYOTA WAL-MART WELLS FARGO PERCENTAGE WEIGHTINGS BY FEDERAL AGENCY ISSUER FAMCA FICO FEDERAL FARM CREDIT BANK FEDERAL HOME LOAN BANK FEDERAL HOME LOAN MORTGAGE CORP FEDERAL NATIONAL MORTGAGE ASSOC TVA U.S.TREASURY Total Portfolio * No more than 5% may be invested with a single corporate issuer. "There are no percentage limits on federal agency issuers. Investment Cost 2,023,559.81 1,590,861.34 4,085,739.63 3,103,177.11 11,022,079.70 27,634,444.89 2,016,628.76 2,974,590.00 1,017,457.28 4,043,114.52 2,072,820.00 1,994,269.66 1,000,000.00 3,000,000.00 1,066,260.00 2,066,260.00 2,121,417.76 8,559,850.00 7,047,289.07 4,139,348.92 ENCY ISSUER Investment Cost 7,884,746.01 11,083,183.55 . 51,317,450.13 128,747,588.52 42,931,895.52 40,238,190.25 5,530,478.48 86,592,304.68 Percent of Portfoli< 0.35% 0.28% 0.72% 0.54% 1.93% 4.85% 0.35% 0.52% 0.18% 0.71% 0.36% 0.35% 0.18% 0.53% 0.19% 0.36% 0.37% 1.50% 1.24% 0.73% Percent of Portfolio** 1.38% 1.94% 9.00% 22.58% 7.53% 7.06% 0.97% 15.19% $570,066,795.82