HomeMy WebLinkAbout2012-10-02; City Council; 21018; Report on City Investments August 31, 2012^ii^^ CITY OF CARLSBAD - AGENDA BILL
AB#
MTG.
DEPT.
21.018
10/2/12
TRS
REPORT ON CITY INVESTMENTS
AS OF AUGUST 31, 2012
DEPT. HEAD
CITY ATTY
CITY MGR. iy—\
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, 2012 is summarized below.
Pooled Investment Portfolio (Cash and Securities)
Current Month Prior Month
Par Value 601,752,428 606,623,484
Cost of Investments 609,452,002 614,655,750
Amortized Cost (1) 606,264,055 611,229,476
Market Value (2) 611,368,838 616,239.456
(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 8/31/12.
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)
Internal Service,
General
$68
$34
Agency/Trust $9
Enterprise $147
Special Revenue
$47
Capital Projects
$301
Total Treasurer's Investment Portfolio at Amortized Cost
August 31,2012 $606 million
COUNCIL ACTION:
FOR CITY CLERKS USE ONLY.
APPROVED )J
DENIED •
CONTINUED •
WITHDRAWN •
AMENDED •
CONTINUED TO DATE SPECIFIC •
CONTINUED TO DATE UNKNOWN •
RETURNED TO STAFF •
OTHER - SEE MINUTES •
DEPARTMENT CONTACT: Nancy Sullivan (760) 602-2473 Nancv.Sullivan@carisbadca.gov
PAGE 2 OF AB REPORT ON CITY INVESTMENTS AS OF AUGUST 31. 2012
Pooled Investment Interest Income
Current
Month FYTD
Prior
Month FYTD
Current Month
income
Cash Income Fiscal
Year-to-Date * 1,932,180 1,158,195 773.985
*The cash income received is adjusted for any accrued interest purchased.
Pooled investment Performance/Measurement
Average Life
(Years)
Average Yield
To Maturity Modified Duration
June 2012 2.21 1.36% 2.128
July 2012 2.17 1.32% 2.105
August 2012 2.24 1.30% 2.175
All pooled investments have been made in accordance with the City's Investment Policy adopted
January 2, 1985 and last revised August 28, 2012. 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. 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
A.
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF AUGUST 31, 2012
BREAKDOWN BY AMORTIZED COST, MARKET VALUE, CASH INCOME, AND AVERAGE YIELD BY CLASS
AMORTIZED COST MARKET VALUE AVERAGE YIELD
Cash Income
Class Current Month Prior Month Current Month Prior Month Year to Date Current Month Prior Month
CD 9,929,817 8,937,418 9,962,325 8,969,847 18,921 0.78 0.84
FN 16,119,215 16,100,659 16,204,279 16,191,453 0 1.20 1.20
CP 0 0 0 0 0 0.00 0.00
TR 2,013,300 2,014,388 2,060,230 2,065,580 15,625 2.44 2.44
FA 273,826,553 280,935,180 276,510,300 283,648,828 907,951 1.48 1.53
CN 168,670,743 161,209,347 170,927,275 163,331,264 874,222 1.78 1.85
l_AIF 132,015,851 136,688,239 132,015,851 136,688,239 115,350 0.37 0.36
CUSTODY 16,170 98,476 16,170 98,476 0 0.00 0.00
SWEEP 3,213,857 4,098,055 3,213,857 4,098,055 110 0.02 0.02
BANKACCT 458,551 1,147,715 458,551 1,147,715 1 0.02 0.02
TOTALS $606,264,055 $611,229,476 $611,368,838 $616,239,456 1,932,180 1.30% 1.32%
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
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CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF AUGUST 31,2012
BREAKDOWN OF MATURITIES BY CLASSIFICATION AND LENGTH OF TIME
CLASS WITHIN 6 MONTHS
CD
FN
CP
TR
FA
CN
LAIF
CUSTODY
SWEEP
BANK ACCT _
TOTALS
% TOTALS
Total witliin One Year
0
1,793,820
0
0
31,019,004
7,266,122
132,015,851
16,170
3,213,857
458,551
$175,783,374 (1)
28.8%
7 MONTHS TO 1 YEAR
0
1,882,080
0
0
14,252,735
14,443,857
0
0
0
0_
$30,578,672 (1)
5.0%
$206,362,046 (1)
33.9%
1 TO 5 YEARS
9,929,431
11,980,845
0
2,062,109
230,790,697
148,326,875
0
0
0
0_
$403,089,956
66.1%
TOTAL % TOTAL
9,929,431
15,656,745
0
2,062,109
276,062,435
170,036,854
132,015,851
16,170
3,213,857
458,551
$609,452,002
100.0%
POLICY: (1) Not less than $133,000,000 to mature within one year. (2/3rds of current year operating budget of $199,430,000.00)
(2) Policy states that not more than 30% of portfolio is to be invested in corporate notes.
1.6%
2.6%
0.0%
0.3%
45.3%
27.9% (2)
21.7%
0.0%
0.5%
0.1%
100.0%
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YIELD COMPARISON
PORTFOLIO EX-LAIF VS. LAIF
JULY 1998 - AUGUST 2012
-^EX-LAIF
^LAIF
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MARKET YIELD CURVE
6/30/11.6/30/12. 8/31/12
Market Rates
3 Mth 2 Yr 5Yr 10 Yr
3 Mth 2Yr 5 Yr 10 Yr
-•-06/30/2011 .01 .46 1.76 3.16
06/30/2012 .07 .25 0.62 1.45
-•--08/31/2012 .07 .22 0.59 1.55
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Cumulative Cash Income
Cumulative
Millions $
14
12
10
8
6
4
2
1.16 0.77.
FY12-13
(August 2012)
Monthly Interest Income
Millions $
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Interest Income --^-Budget -^Actual
8
7
6
5
2
1
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City of Carlsbad
TRANSACTIONS FOR PERIOD:
07/01/12 TO 08/31/12 1ST QUARTER 2012-2013
Trans Investment Call Par Amount Return Investment
Date Date Tvpe Securitv Date Value Coupon (Cost) Rate Interest Return
BUYS
JULY
07/02/2012 07/05/2012 FA FHLMC 06/07/2013 1,000,000.00 1.150% 999,750.00 1.155% 56,855.56 1,056,605.56
07/02/2012 07/09/2012 CN CHEVRON N/A 1,750,000.00 3.950% 1,850,257.50 0.460% 13,798.75 1,864,056.25
07/11/2012 07/12/2012 FA FNMA 07/11/2014 4,000,000.00 1.100% 4,000,000.00 1.100% 219,877.78 4.219,877.78
06/27/2012 07/27/2012 CD FLUSHING SAVINGS BANh N/A 248,000.00 0.750% 247,628.00 0.800% 5,951.97 253,579.97
AUGUST
08/01/2012 08/06/2012 CN IBM N/A 5,000,000.00 1.250% 5,077,000.00 0.900% 204,250.00 5,281,250.00
08/07/2012 08/08/2012 FA FAMCA N/A 5,000,000.00 0.550% 5,011,500.00 0.470% 68,250.00 5,079,750.00
08/08/2012 08/13/2012 CN IBM N/A 3,500,000.00 0.550% 3,504,305.00 0.500% 43,445.69 3,547,750.69
07/26/2012 08/14/2012 FA FNMA 08/14/2013 5,000,000.00 1.000% 5,000,000.00 1.000% 250,000.00 5,250,000.00
08/01/2012 08/15/2012 CD EVERBANK N/A 248,000.00 0.900% 247,008.00 1.000% 9,926.11 256,934.11
08/14/2012 08/16/2012 FA FHLB N/A 4,000,000.00 0.875% 4,000,000.00 0.875% 169,166.67 4,169,166.67
08/10/2012 08/24/2012 CD FIRST BUSINESS BANK N/A 248,000.00 0.600% 247.578.40 0.600% 5.635.72 253,214.12
08/16/2012 08/24/2012 CD BLC COMMUNITY BANK N/A 249,000.00 0.550% 248,690.24 0.600% 3,739.06 252,429.30
08/09/2012 08/27/2012 FA FNMA 08/27/2013 5,000,000.00 0.520% 5,000,000.00 0.520% 78,000.00 5,078,000.00
08/22/2012 08/30/2012 CD TRIUMPH BANK N/A 249,000.00 0.500% 249,000.00 0.500% 3,107.41 252,107.41
TOTAL FIRST QUARTER 2012-2013 35,492,000.00 35,682,717.14 0.758% 1,132,004.72 36,814,721.86
MATURITIES
JULY
01/20/2010 FA FHLMC N/A 1,000,000.00 5.125% 1,092,760.00 1.320% 34,653.19 1,127,413.19
08/08/2008 FA FFCB N/A 2,000,000.00 3.950% 2,002,900.00 3.910% 310,466.67 2,313,366.67
03/24/2010 FA FHLB N/A 2,000,000.00 1.250% 2,000,352.89 1.243% 58,188.78 2,058,541.67
06/04/2000 FA FHLMC N/A 5,000,000.00 1.125% 5,004,198.09 1.085% 116,583.16 5,120,781.25
07/17/2008 CN PROTECTIVE LIFE N/A 3,000,000.00 5.050% 3,000,000.00 5.050% 605,158.33 3,605,158.33
AUGUST
12/24/2009 FA FNMA N/A 1,037,000.00 5.000% 1,127,519.73 1.567% 44,578.33 1,172,098.06
01/25/2010 FA FAMCA N/A 1,000,000.00 2.100% 1,015,908.69 1.460% 37,466.31 1,053,375.00
01/20/2010 FA FNMA N/A 1,000,000.00 1.750% 1,009,004.81 1.390% 35,717.41 1,044,722.22
03/16/2010 FA FNMA N/A 3,000,000.00 1.750% 3,034,050.00 1.268% 91,950.00 3,126,000.00
01/29/2009 FA FHLB N/A 2,000,000.00 4.625% 2,150,960.00 2.391% 176,901.11 2,327,861.11
12/24/2009 FA FHLB N/A 1,000,000.00 4.625% 1,078,810.00 1.567% 43,367.08 1,122,177.08
06/04/2010 FA FHLB N/A 1,000,000.00 2.400% 1,027,049.96 1.150% 25,683.37 1,052,733.33
06/04/2010 FA FHLB N/A 4,000,000.00 1.100% 4,000,013.10 1.100% 98,253.57 4,098,266.67
08/31/2007 CN JOHNSON & JOHNSON N/A 1,000,000.00 5.150% 1,017,457.28 4.750% 237,753.83 1,255,211.11
TOTAL FIRST QUARTER 2012-2013 28,037,000.00 28,560,984.55 2.034% 1,916,721.14 30,477,705.69
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City of Carlsbad
TRANSACTIONS FOR PERIOD:
07/01/12 TO 08/31/12 1ST QUARTER 2012-2013
Trans Investment
Date Date Tvpe
CALLS
JULY
09/23/2011 10/12/2011 FA FNMA
07/19/2011 07/24/2011 FA FFCB
04/26/2012 04/27/2012 FA FFCB
AUGUST
07/29/2011 08/01/2011 FA FFCB
08/09/2011 08/15/2011 FA FFCB
08/12/2011 08/22/2011 FA FFCB
08/24/2011 08/26/2011 FA FNMA
TOTAL FIRST QUARTER 2012-2013
Securitv
Call
Date
07/12/2012
07/27/2012
07/30/2012
08/01/2012
08/15/2012
08/22/2012
08/24/2012
Par
Value
4,000,000.00
3,500,000.00
2,400,000.00
5,000,000.00
2,000,000.00
2,000,000.00
3,000,000.00
21,900,000.00
Coupon
1.250%
1.550%
0.950%
1.000%
1.750%
1.500%
1%STEP
Amount
(Cost)
Return
Rate
3,990,400.00 1.300%
3,500,000.00 1.550%
2,400,000.00 0.950%
5,000,000.00
2,000,000.00
2,000,000.00
3,000,000.00
1.000%
1.750%
1.500%
1.735%
Interest
259.600.00
217,000.00
90,630.00
150,000.00
175,000.00
150,000.00
262,083.33
Investment
Return
4,250,000.00
3,717.000.00
2,490,630.00
5,150,000.00
2,175,000.00
2,150,000.00
3,262,083.33
21,890,400.00 1.352% 1,304,313.33 23,194,713.33
INVESTMENT REPORT
AS OF AUGUST 31,2012
ESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
05/05/2008 FA FHLB 5.00% NON-CALL 1,175,000.00 1,238,814.19 3.640% 192.237.89 1,431,052.08 1,593
08/22/2008 FA FHLB 4.5% NON-CALL 1,000,000.00 1,022,730.00 3.889% 160.020.00 1,182,750.00 1,484
06/04/2010 FA FHLB 2.00% NON-CALL 5,000,000.00 5,091,850.00 1.180% 135,927.78 5,227,777.78 833
03/08/2010 FA FHLMC 2.125% NON-CALL 3,000,000.00 3,058,800.00 1.336% 102,877.08 3,161,677.08 928
10/01/2009 FA FFCB 1.80% NON-CALL 1,000,000.00 1,003,470.00 1.680% 50,180.00 1,053,650.00 1,089
11/25/2009 FA FFCB 1.80% NON-CALL 3,000,000.00 3,032,750.01 1.405% 120,099.99 3,152.850.00 1,034
05/11/2009 FA FHLMC 3.875% NON-CALL 1,000,000.00 1,063,510.00 1.928% 67,701.81 1,131,211.81 1,238
12/10/2007 FA FFCB 4.5% NON-CALL 2,000,000.00 2,034,780.00 4.100% 401,970.00 2,436,750.00 1,773
06/04/2010 FA FHLB 1.375% NON-CALL 3,000,000.00 3,012,394.24 1.200% 86,720.34 3,099,114.58 878
06/03/2008 FA FNMA 6.41% NON-CALL 1,807,000.00 1,990,388.82 3.890% 331,405.40 2,321,794.22 1,624
07/01/2010 FA FHLMC 4.125% NON-CALL 3,000,000.00 3,233,040.00 0.939% 72,897.50 3,305,937.50 904
01/14/2008 FA FHLB 4.25% CALL 10/14/08 3,000,000.00 3,000,000.00 4.250% 637,500.00 3,637,500.00 1,827
10/20/2009 FA FFCB 5.15% NON-CALL 1,000,000.00 1,102,490.00 1.926% 67,316.94 1,169,806.94 1,206
10/07/2010 FA FFCB 3.4% NON-CALL 1,065,000.00 1,133,986.44 0.600% 15,503.56 1,149,490.00 854
03/10/2008 FA FHLB 3.50% NON-CALL 3,000,000.00 2,963,940.00 3.765% 560,476.67 3,524,416.67 1,824
10/20/2009 FA FHLMC 4.25% NON-CALL 500,000.00 536,967.86 2.100% 39,296.03 576,263.89 1,310
10/20/2009 FA FHLMC 4.0% NON-CALL 500,000.00 532,794.50 2.120% 40,094.39 572,888.89 1,331
11/10/2008 FA FHLB 5.375% NON-CALL 1,000,000.00 1,065,788.37 3.800% 181,163.02 1,246,951.39 1,677
08/13/2009 FA FHLB 4.25% NON-CALL 2,000,000.00 2,130,988.03 2.450% 195,081.41 2,326,069.44 1,401
05/25/2010 FA FFCB 1.375% NON-CALL 2,000,000.00 1,993,760.00 1.479% 91,031.67 2,084.791.67 1.127
12/28/2009 FA FHLB 1.85% NON-CALL 2,000,000.00 1,987,226.45 2.040% 142,273.55 2,129.500.00 1,278
08/27/2008 FA FNMA 4.375% NON-CALL 2,000,000.00 2,035,600.00 3.970% 392,177.78 2,427,777.78 1,785
08/19/2009 FA FFCB 2.7% NON-CALL 1,000,000.00 1,005,669.88 2.550% 102,330.12 1,108,000.00 1,461
11/12/2008 FA FHLB 4.0% NON-CALL 1,000,000.00 1,007,890.00 3.818% 184,776.67 1,192,666.67 1,759
12/17/2008 FA FHLB 4.375% NON-CALL 2,000.000.00 2,154,940.00 2.625% 259,712.78 2,414,652.78 1,731
03/24/2010 FA FHLMC 4.125% NON-CALL 3,000,000.00 3,222,330.00 1.930% 211,826.25 3,434,156.25 1,283
02/23/2010 FA FFCB 3.875% NON-CALL 1,000,000.00 1,065,180.00 2.000% 75,181.11 1,140,361.11 1,322
10/19/2011 FA FNMA 1.125% NON-CALL 5,000,000.00 5,061,150.00 0.500% 49,631.25 5,110,781.25 720
04/15/2010 FA FHLB 2.00% NON-CALL 2,000,000.00 2,000,000.00 2.000% 140,000.00 2,140.000.00 1,279
10/19/2009 FA FFCB 5.350% NON-CALL 2,000,000.00 2,235.072.36 2.264% 193,522.08 2.428.594.44 1,463
01/20/2009 FA FHLB 3.125% NON-CALL 2,000,000.00 2,047,941.08 2.600% 258,135.31 2,306.076.39 1,788
02/12/2010 FA FFCB 3.00% NON-CALL 1,000,000.00 1,028,536.49 2.250% 91,463.51 1,120,000.00 1,461
09/17/2010 FA FNMA 1.3% CALL 3/17/11 2,000,000.00 2.000,000.00 1.300% 91,000.00 2,091,000.00 1,277
03/24/2010 FA FHLB 2.5% NON-CALL 3,000,000.00 3,016,423.52 2.363% 300,034.82 3,316,458.34 1,542
10/20/2009 FA FFCB 4.375% NON-CALL 3,000,000.00 3,234.480.00 2.595% 381,665.83 3,616,145.83 1,714
03/24/2010 FA FHLB 5.5% NON-CALL 3,000,000.00 3.395.255.41 2.323% 328,452.92 3,723,708.33 1,603
09/08/2010 FA FNMA 1.50% CALL 3/8/11 2,000,000.00 2,000,000.00 1.500% 120,000.00 2,120.000.00 1,461
03/24/2010 FA FHLB 5.25% NON-CALL 2,000,000.00 2,231.960.00 2.490% 237,040.00 2.469.000.00 1,633
03/24/2010 FA FFCB 3.0% NON-CALL 2,000,000.00 2.047.400.80 2.440% 222,265.87 2,269,666.67 1.643
11/07/2011 FA FNMA .80% CALL 10/24/12 3,000,000.00 3.000,937.50 0.789% 70,195.83 3,071,133.33 1.082
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INVESTMENT REPORT
AS OF AUGUST 31,2012
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
01/23/2012 FA FHLB .52% NON-CALL 5.000.000.00 5,000,000.00 0.520% 78,000.00 5,078,000.00 1,096
05/08/2012 FA FNMA .55% CALL 2/27/14 ONE TIME 3.000,000.00 3,002,700.00 0.518% 43,545.83 3,046,245.83 1,025
06/04/2010 FA FNMA 2.00% CALL 10/29/12 STEP 2,000,000.00 2,018,771.34 2.780% 277,339.77 2,296,111.11 1,790
02/23/2012 FA FHLB .55% NON-CALL 5,000,000.00 5,000,000.00 0.550% 88,763.89 5,088,763.89 1,177
05/29/2012 FA FNMA .65% CALL 5/29/13 ONE TIME 5,000,000.00 5.000.000.00 0.650% 97.500.00 5,097,500.00 1,095
08/08/2012 FA FAMCA .55% NON-CALL 5,000,000.00 5,011,500.00 0.470% 68,250.00 5,079,750.00 1,058
03/30/2011 FA FHLB 2.0% NON-CALL 2,000,000.00 1,999,000.00 2.012% 174,333.33 2,173,333.33 1,583
08/27/2012 FA FNMA .52% CALL 8/27/13 5,000,000.00 5,000,000.00 0.520% 78,000.00 5,078,000.00 1,095
04/04/2011 FA FHLB 2.0% NON-CALL 2,000,000.00 2,000,000.00 2.000% 176,000.00 2.176.000.00 1,607
09/14/2010 FA FHLB 1.74% CALL 9/14/12 2,000,000.00 2,000,000.00 1.740% 174.000.00 2.174,000.00 1,826
09/21/2010 FA FNMA 2.0% CALL 3/21/11 2,000,000.00 2,000,000.00 2.000% 200,000.00 2,200,000.00 1,826
10/28/2010 FA FNMA 1.50% CALL 4/28/11 2,000,000.00 1,999,000.00 1.510% 151,000.00 2,150,000.00 1,826
06/04/2012 FA FNMA .71% CALL 6/4/13 QRTLY 3,900,000.00 3,900,000.00 0.710% 96,915.00 3,996,915.00 1,278
06/20/2012 FA FNMA 2.00% NON-CALL 4,000,000.00 4,186,600.00 0.660% 95,622.22 4,282,222.22 1,288
06/04/2012 FA FFCB .77% CALL 8/1/12 CONT 3,000,000.00 3,000,000.00 0.770% 84,507.50 3,084.507.50 1,337
03/01/2012 FA FNMA .50% QRTLY CALL STEP 3,000,000.00 2,999,700.00 1.317% 156,841.67 3,156,541.67 1,439
06/01/2012 FA FNMA .50% CALL 5/17/13 QRTLY STEP 4,000.000.00 3,999,800.00 1.102% 164,422.22 4,164,222.22 1,356
02/22/2012 FA FFCB .85% CALL 2/22/13 5.000,000.00 5,000,000.00 0.850% 170,000.00 5,170,000.00 1.461
02/24/2012 FA FHLMC .85% ONE CALL 2/24/14 3.000,000.00 2,995,500.00 0.890% 106.500.00 3,102,000.00 1,461
06/20/2012 FA FNMA 2.25% NON-CALL 5,000,000.00 5,285,278.17 0.700% 135.034.33 5,420,312.50 1,364
06/27/2012 FA FFCB .80% CALL 6/21/13 CONTINOUS 5,000.000.00 5,002,500.00 0.786% 146,833.33 5,149,333.33 1,363
04/27/2011 FA FHLB 2.5% NON-CALL 2,000,000.00 2,000,000.00 2.500% 250,000.00 2,250,000.00 1,827
10/06/2011 FA FFCB 1.30% NON-CALL 5,000,000.00 5,000,000.00 1.300% 325,000.00 5,325,000.00 1,827
10/11/2011 FA FFCB 1.370% CALL 10/11/12 CONT 5,000,000.00 5.000.000.00 1.370% 342.500.00 5,342,500.00 1.827
10/24/2011 FA FNMA 1.70% CALL 10/24/12 QRTLY 5,000,000.00 5.000.000.00 1.700% 425,000.00 5.425.000.00 1.827
10/26/2011 FA FNMA 1.125% CALL 10/26/12 QRTLY STEP 5,000,000.00 5,000,000.00 1.810% 462,500.00 5.462.500.00 1,827
11/23/2011 FA FNMA 1.25% STEP QRTLY CALLS 5,000,000.00 5,000,000.00 1.688% 425,000.00 5,425,000.00 1,827
06/06/2012 FA FNMA 1.0% CALL 5/23/13 QRTLY 2,000,000.00 1,999,000.00 1.011% 90,277.78 2,089,277.78 1,631
01/25/2012 FA FNMA 1.65% QRTLY CALLS 5,000,000.00 5,030,800.00 1.519% 372,304.17 5,403,104.17 1,785
01/30/2012 FA FNMA 1.30% QRTLY CALL 1/30/13 5,000.000.00 5,000,000.00 1.300% 325,000.00 5,325,000.00 1,827
04/11/2012 FA FNMA .75% ANNUAL CALL STEP 4,000,000.00 3,998,000.00 1.528% 296,083.33 4,294,083.33 1.755
02/06/2012 FA FNMA .75% QRTLY CALL 2/6/13 STEP 5,000,000.00 5,000,000.00 1.682% 425,000.00 5,425,000.00 1.827
02/21/2012 FA FNMA 1.10% QRTLY CALL 5,000,000.00 4,985,000.00 1.162% 290,000.00 5,275,000.00 1.827
05/21/2012 FA FNMA 1.10% QRTLY CALL 4,000.000.00 3,988,000.00 1.165% 221,000.00 4,209,000.00 1,737
05/24/2012 FA FNMA 1.150% ONE CALL 2/28/14 2,050,000.00 2,050,000.00 1.150% 112,243.19 2,162,243.19 1,741
03/08/2012 FA FNMA 1.375% QRTLY CALL 5,000,000.00 5,000,000.00 1.375% 343,750.00 5,343,750.00 1,826
04/26/2012 FA FNMA 1.2% QRTLY CALL 4,000,000.00 4,000,000.00 1.200% 233,600.00 4,233,600.00 1.777
03/13/2012 FA FNMA 1.150% ONE CALL 3/13/14 3,950,000.00 3,942,100.00 1.191% 235,025.00 4,177,125.00 1.826
05/03/2012 FA FNMA 1.01% STEP CALL 3/28/13 ANNUAL 1,655,000.00 1,655,000.00 1.304% 106,280.88 1,761,280.88 1.790
>^ 04/26/2012 FA FFCB 1.20% CALL 4/25/13 CONTINUOUS 3.000,000.00 2,998,200.00 1.200% 181,700.00 3,179,900.00 1.825
05/10/2012 FA FNMA 1.30% CALL 5/10/13 QRTLY 5,000,000.00 5,000,000.00 1.300% 325,000.00 5,325,000.00 1,826
INVESTMENT REPORT
AS OF AUGUST 31,2012
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
06/04/2012 FA FNMA .625% CALL 5/17/13 ANNUAL STEP 4,000,000.00 4,000,000.00 1.566% 313.819.44 4,313,819.44 1,808
05/24/2012 FA FHLMC 1.2% CALL 5/24/13 QRTLY 5,000,000.00 4,995,000.00 1.221% 305.000.00 5,300,000.00 1,826
05/30/2012 FA FHLMC 1.2% CALL 5/30/14 QRTLY 5,000,000.00 5,000,000.00 1.200% 300,000.00 5,300,000.00 1,826
06/07/2012 FA FHLMC 1.30% CALL 6/7/13 QRTLY 4,000,000.00 4,000,000.00 1.300% 260,000.00 4,260,000.00 1,826
07/05/2012 FA FHLMC 1.150% CALL 6/7/13 QRTLY 1,000,000.00 999,750.00 1.155% 56,855.56 1,056,605.56 1,798
08/16/2012 FA FHLB .875% NON-CALL 4,000,000.00 4,000,000.00 0.875% 169,166.67 4,169,166.67 1,765
07/12/2012 FA FNMA 1.1% CALL 7/11/14 QRTLY 4,000,000.00 4,000,000.00 1.100% 219,877.78 4,219,877.78 1,825
08/14/2012 FA FNMA 1.0% CALL 8/14/13 QRTLY 5,000,000.00 5.000,000.00 1.000% 250,000.00 5,250,000.00 1,826
SUB-TOTAL 272,602,000.00 276,062,435.46 1.479% 17,826,580.05 293,889,015.51 -
03/02/2009 FN FICOO.0% NON-CALL 2,000,000.00 1,793.820.00 3.050% 206,180.00 2,000,000.00 1,314
03/09/2010 FN FICOO.0% NON-CALL 2,000,000.00 1,882,080.00 1.850% 117,920.00 2,000,000.00 1,206
10/04/2011 FN TENNESSEE VALLEY AUTHORITY 0.00% NON-CALL 4,143,000.00 4,099,415.64 0.510% 87,168.72 4,186,584.36 759
01/18/2011 FN FICO 0.00% NON-CALL 1.076,000.00 1,027,655.32 1.370% 96,689.36 1,124,344.68 1,228
11/24/2010 FN FNMAO% NON-CALL 2,000,000.00 1,922,260.00 1.100% 155,480.00 2,077,740.00 1,319
03/09/2011 FN FNMA .00% NON-CALL 2,657,000.00 2,511,688.67 1.700% 290,622.66 2,802,311.33 1,214
07/25/2011 FN FNMA 00% NON-CALL 2,500,000.00 2,419,825.00 1.020% 80,175.00 2,500,000.00 1,171
SUB-TOTAL 16,376,000.00 15.656,744.-63 1.203% 1,034.235.74 16,690,980.37 1,173
Federal Investments Total 288,978,000.00 291,719,180.09 18,860,815.79 310,579,995.88 1,173
11/10/2008 TR US TREASURY 3.125% 1,000,000.00 1,031,328.00 2.430% 118,792.86 1.150,120.86 1,755
11/12/2008 TR US TREASURY 4.0% 1,000,000.00 1,030,781.25 2.452% 121,777.13 1.152,558.38 1,783
SUB-TOTAL 2,000,000.00 2,062,109.25 2.441% 240,569.99 2,302,679.24 1,769
10/31/2007 CN GENERAL ELECTRIC 5.250% NON-CALL 2,000,000.00 2,036,663.70 4.830% 484,836.30 2,521,500.00 1,815
11/23/2007 CN GENERAL ELECTRIC 5.250% NON-CALL 2,000,000.00 2,065,283.50 4.500% 449,799.83 2,515,083.33 1,792
01/30/2008 CN WELLS FARGO 5.250% NON-CALL 1,000,000.00 1,042,814.41 4.240% 205,539.76 1,248,354.17 1,728
03/18/2011 CN MET LIFE OF CONNECTICUT 5.01% NON-CALL 2,000,000.00 2,121,360.00 1.561% 58,165.00 2,179,525.00 657
12/28/2010 CN ROYAL BANK OF CANADA 2.25% NON-CALL 2,000,000.00 2,047,930.00 1.150% 51,695.00 2,099,625.00 808
04/24/2008 CN MET LIFE GLOBAL FUNDING 5.125% NON-CALL 1,000,000.00 1,003.232.48 5.050% 251,024.46 1,254,256.94 1,812
05/07/2008 CN MET LIFE GLOBAL FUNDING 5.125% NON-CALL 2,000,000.00 2,019,402.04 4.900% 485,410.46 2,504,812.50 1,799
05/12/2009 CN WAL-MART 4.250% NON-CALL 1,000,000.00 1,047,829.91 2.950% 118,982.59 1,166,812.50 1,434
05/30/2008 CN ALLSTATE LIFE 5.375% NON-CALL 2,000,000.00 2,023,559.81 5.100% 504,981.86 2,528,541.67 1,796
05/09/2008 CN NEW YORK LIFE 4.650% NON-CALL 1,000,000.00 1,006,649.66 4.500% 225,850.34 1,232,500.00 1,826
^ 02/11/2011 CN NEW YORK LIFE 4.650% NON-CALL 2,000,000.00 2,150,000.00 1.250% 58,733.33 2,208,733.33 818
^ 12/23/2008 CN BERKSHIRE HATHWWY 4.60% NON-CALL 1,000,000.00 1,023.835.68 4.000% 177,542.10 1,201,377.78 1,604
^ 05/12/2009 CN 3 M 4.375% NON-CALL 2,000,000.00 2,121,417.76 2.850% 251,186.41 2,372,604.17 1,556
INVESTMENT
DATE TYPE
07/18/2011 CN
07/09/2012 CN
04/04/2012 CN
12/27/2011 CN
05/27/2011 CN
05/29/2009 CN
05/20/2010 CN
10/07/2011 CN
12/23/2011 CN
10/05/2011 CN
04/05/2012 CN
10/28/2011 CN
01/17/2012 CN
02/01/2012 CN
08/13/2012 CN
09/16/2011 CN
05/02/2012 CN
02/17/2012 CN
10/04/2011 CN
04/17/2012 CN
02/09/2011 CN
05/06/2011 CN
10/06/2011 CN
05/15/2012 CN
02/10/2012 CN
12/15/2010 CN
12/15/2010 CN
04/13/2012 CN
10/31/2011 CN
12/28/2011 CN
01/25/2012 CN
03/09/2012 CN
02/08/2012 CN
05/06/2011 CN
05/16/2011 CN
06/17/2011 CN
09/12/2011 CN
10/27/2011 CN
10/11/2011 CN
09/22/2011 CN
11/10/2011 CN
INVESTMENT REPORT
AS OF AUGUST 31,2012
SECURITY
GENERAL ELECTRIC 2.10% NON-CALL
CHEVRON 3.9% NON-CALL
METLIFE GLOBAL 1.481% NON-CALL FLOATING
MASS MUTUAL GLOB 2.875% NON-CALL
WAL-MART 3.20% NON-CALL
WAL-MART 3.20% NON-CALL
MICROSOFT 2.95% NON-CALL
METLIFE GLOBAL 5.125% NON-CALL
GENERAL ELECTRIC CAPITAL .696% FLOATING
PROVEDENCE HEALTH 5.05% CALL @ MAKEWHOLE
BERKSHIRE HATHAWAY 5.50% NON-CALL
METLIFE GLOBAL 2.00% NON-CALL
NEW YORK LIFE 1.30% NON-CALL
GENERAL ELECTRIC 1.375% FLOATER
IBN CORP .55% NON-CALL
BERKSHIRE HATHAWAY 3.20% NON-CALL
TOYOTA .50% STEP CALL 4/3/013 QRTLY
SHELL INTERNATIONAL FIN 3.1% NON-CALL
MERCK & CO 4.0% NON-CALL
PROCTER & GAMBLE 3.150% NON-CALL
MET LIFE GLOBAL FUNDING 2.5% NON-CALL
MET LIFE GLOBAL FUNDING 2.5% NON-CALL
WAL-MART 1.50% NON-CALL
WAL-MART 1.50% NON-CALL
PROCTER & GAMBLE 1.80% NON-CALL
BARCLAYS BANK 3.10% NON-CALL
ROYAL BANK OF CANADA 2.625% NON-CALL
PROCTER & GAMBLE 4.85% NON-CALL
MET LIFE GLOBAL FUNDING 3.125% NON-CALL
MET LIFE GLOBAL FUNDING 3.125% NON-CALL
MET LIFE GLOBAL FUNDING 3.125% NON-CALL
MET LIFE GLOBAL FUNDING 3.125% NON-CALL
GENERAL ELECTRIC 1.55% NON-CALL FLOATER
MASS MUTUAL GLOB 3.125% NON-CALL
GENERAL ELECTRIC 2.95% NON-CALL
GENERAL ELECTRIC 2.95% NON-CALL
GENERAL ELECTRIC 2.95% NON-CALL
PROCTER & GAMBLE 1.45% NON-CALL
BERKSHIRE HATHAWAY 2.20% NON-CALL
TOYOTA 2.0% NON-CALL
NEW YORK LIFE 2.45% NON-CALL
PAR INVESTED RETURN INVESTMENT TERM
VALUE AMOUNT RATE INTEREST RETURN (Davs)
2,000,000.00 2.037.760.00 1.320% 65,956.67 2,103,716.67 904
1,750,000.00 1.850,257.50 0.460% 13.798.75 1,864.056.25 602
2,000,000.00 2,014,740.00 0.950% 39,986.00 2,054,726.00 730
2,500,000.00 2,583,739.37 1.400% 82,771.05 2,666,510.42 846
2,500,000.00 2,645,275.00 1.200% 92,058.33 2,737,333.33 1,084
1,000,000.00 1,003,190.00 3.130% 155,565.56 1,158,755.56 1,812
2,000,000.00 2,072,820.00 2.005% 164,982.78 2,237,802.78 1,473
1,500,000.00 1.625.547.72 1.900% 80,092.90 1,705,640.62 977
2,000,000.00 1.914,520.00 2.250% 123,464.31 2,037,984.31 997
2,000,000.00 2,237,929.50 1.000% 63,948.28 2,301,877.78 1,092
2,000,000.00 2,236,460.00 0.700% 37,317.78 2,273,777.78 909
1,475.000.00 1,490,888.40 1.500% 49,011.60 1,539,900.00 1,078
5,000,000.00 5,021,951.16 1.150% 172,146.06 5,194,097.22 1,091
5,000,000.00 5,000,000.00 1.375% 206,059.03 5,206,059.03 1,094
3.500.000.00 3.504.305.00 0.500% 43,445.69 3,547,750.69 907
3,000,000.00 3,175,710.00 1.430% 150,956.67 3,326,666.67 1,244
4,000,000.00 4,000,000.00 1.000% 119,888.89 4,119,888.89 1,093
5.000.000.00 5,384.350.00 0.780% 137,052.78 5,521,402.78 1,227
5.000,000.00 5,498,750.00 1.260% 249,027.78 5,747,777.78 1,365
3,000,000.00 3,242,427.56 0.720% 76,247.44 3,318,675.00 1,232
1,000,000.00 978,478.42 3.000% 137,493.80 1,115,972.22 1.693
1,000,000.00 993,799.11 2.650% 116,131.45 1,109,930.56 1.607
3,000,000.00 3,049,826.34 1.080% 132,548.66 3,182,375.00 1.480
2,630,000.00 2,696,944.02 0.750% 68,939.31 2.765.883.33 1.258
2,844,000.00 2,965,410.36 0.650% 71,270.64 3,036,681.00 1.374
2,000,000.00 2,000,000.00 3.100% 310,000.00 2,310,000.00 1.826
2,000,000.00 2,038,220.00 2.220% 225,009.16 2,263,229.16 1.826
1,000,000.00 1,147,830.00 0.760% 30,272.78 1,178,102.78 1,341
1,635.000.00 1,695,247.73 2.200% 154,062.17 1,849,309.90 1,533
2,000,000.00 2.063,239.83 2.300% 189,017.11 2,252,256.94 1,475
5.000,000.00 5,189,924.57 2.120% 428,999.04 5,618,923.61 1,447
3,000,000.00 3,169,646.15 1.600% 190,249.68 3,359,895.83 1,403
5.000,000.00 5,000,000.00 1.390% 227,500.00 5,227,500.00 1,461
1,000,000.00 1,024,175.57 3.125% 130,164.71 1,154,340.28 1,805
2,000,000.00 2,000,912.32 2.940% 292,940.46 2,293,852.78 1,820
2.000.000.00 2,009,952.38 2.840% 278,819.84 2,288,772.22 1,788
1.400.000.00 1,427.513.33 2.500% 164,875.84 1,592,389.17 1,701
5,000.000.00 5,011,536.25 1.400% 336,463.75 5,348.000.00 1,754
5.000.000.00 5,022,855.25 2.100% 510,033.64 5.532.888.89 1,770
5.000.000.00 5,023,645.00 1.900% 474,410.56 5,498,055.56 1,820
3.550.000.00 3,669,194.08 1.700% 287,655.64 3,956,849.72 1,708
INVESTMENT REPORT
AS OF AUGUST 31,2012
ESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days)
01/31/2012 CN BERSHIRE HATHAWAY 1.90% NON-CALL 5,000,000.00 5,047,739.83 1.700% 427,260.17 5,475,000.00 1,827
01/31/2012 CN HSBC BANK USA 2.5% FLOATING RATE 5,000,000.00 5,000,000.00 1.748% 425,000.00 5,425,000.00 1,827
03/05/2012 CN BERSHIRE HATHAWAY 1.90% NON-CALL 2,850,000.00 2,914,809.00 1.418% 200,676.42 3,115,485.42 1,793
08/06/2012 CN IBM CORP 1.250% NON-CALL 5,000,000.00 5,077,000.00 0.900% 204,250.00 5,281,250.00 1,645
02/16/2012 CN WESTPAC BANKING CORP 2.3% NON-CALL 5,000,000.00 5,000,000.00 2.300% 574,680.56 5,574,680.56 1,826
04/18/2012 CN WAL-MART STORES 5.375% NON-CALL 3,000,000.00 3,568,354.19 1.400% 229,833.31 3,798,187.50 1,813
06/05/2012 CN HSBC BANK USA 1.925% FLOATER 5,000,000.00 5,000,000.00 1.507% 380,000.00 5,380,000.00 1,826
SUB-TOTAL 165,134,000.00 170,036,853.89 1.776% 12,646,084.49 182,682,938.38 1,482
09/16/2011 CD SAFRA NATIONAL BANK .80% 248,000.00 248,000.00 0.800% 3,973.43 251,973.43 731
09/16/2011 CD MERRICK BANK .70% 249,000.00 249,000.00 0.700% 3,490.83 252,490.83 731
09/30/2011 CD COMPASS BANK 1.0% 248,000.00 248,000.00 1.000% 4,966.80 252,966.80 731
10/07/2011 CD DORAL BANK 1.0% 248,000.00 248,000.00 1.000% 4,966.80 252,966.80 731
10/18/2011 CD MEDALLION BANK .75% 249,000.00 249,000.00 0.750% 3.740.11 252,740.11 731
04/16/2012 CD CAPAHA BANK 1.1% 249,000.00 249,000.00 1.100% 5.503.55 254,503.55 764
06/13/2012 CD SOVEREIGN BANK .65% 248,000.00 248,000.00 0.650% 3.224.00 251,224.00 730
04/16/2012 CD BANK OF GEORGETOWN 1.0% 249,000.00 249,000.00 1.000% 5,402.96 254.402.96 792
06/20/2012 CD FIRST NATL BANK OMAHA NEB .70% 249,000.00 249,000.00 0.700% 3,486.00 252.486.00 730
08/17/2011 CD AMERICAN EXPRES CENTURION BANK 1.20% 248,000.00 248,000.00 1.200% 8,887.23 256,887.23 1,090
08/17/2011 CD CIT BANK 1.10% 248,000.00 248,000.00 1.100% 8,198.94 256,198.94 1,097
08/17/2011 CD DISCOVER BANK 1.15% 248,000.00 248,000.00 1.150% 8,571.62 256,571.62 1,097
08/17/2011 CD ALLY BANK 1.15% 248,000.00 248,000.00 1.150% 8,579.43 256,579.43 1,097
08/17/2011 CD GE MONEY BANK 1.15% 248,000.00 248,000.00 1.150% 8,563.81 256,563.81 1,098
08/19/2011 CD GE CAPITAL FINANCIAL INC 1.15% 248,000.00 248,000.00 1.150% 8,563.81 256,563.81 1,096
08/24/2011 CD GOLDMAN SACHS BANK 1.15% 248,000.00 248,000.00 1.150% 8,571.62 256.571.62 1,097
09/21/2011 CD TRANSPORTATION ALLIANCE BANK INC .75% 249.000.00 249,000.00 0.750% 5,612.71 254.612.71 1,097
09/23/2011 CD STATE BANK OF INDIA 1.30% 248.000.00 248,000.00 1.300% 9.680.83 257,680.83 1,096
09/23/2011 CD BMW BANK OF NORTH AMERICA 1.35% 248,000.00 248,000.00 1.350% 10.053.17 258,053.17 1,096
04/30/2012 CD STERLING SAVINGS BANK .75% 248,000.00 248,000.00 0.750% 4,749.36 252,749.36 932
04/20/2012 CD PLUS INTERNATIONAL .85% 249,000.00 249,000.00 0.850% 5,520.35 254,520.35 952
06/08/2012 CD HUNTINGTON NATL BANK .75% 248,000.00 248,000.00 0.750% 4,652.55 252,652.55 913
01/11/2012 CD SALLIE MAE BANK 1.35% 248.000.00 248,000.00 1.350% 9,869.73 257,869.73 1,076
01/11/2012 CD BARCLAYS BANK DELAWARE 1.25% 248.000.00 248,000.00 1.250% 9,308.49 257.308.49 1,096
08/24/2012 CD BLC COMMUNITY BANK .55% 249,000.00 248,690.24 0.600% 3,739.06 252.429.30 914
08/30/2012 CD TRIUMPH BANK .50% 249,000.00 249,000.00 0.500% 3,107.41 252,107.41 911
05/09/2012 CD GEORGIA BANK & TRUST .70% 248,000.00 247,628.00 0.750% 5,589.51 253,217.51 1,097
01/23/2012 CD LCA BANK CORPORATION .85% 248,000.00 248,000.00 0.850% 7.375.11 255,375.11 1,277
07/27/2012 CD FLUSHING SAVINGS BANK.75% 248,000.00 247,628.00 0.800% 5.951.97 253,579.97 1,095
09/15/2011 CD BANK OF THE WEST 1.4% 249,000.00 249,000.00 1.400% 13,943.96 262,943.96 1,460
12/02/2011 CD MIDLAND STATES BANK 1.25% 249,000.00 249,000.00 1.250% 12,450.00 261.450.00 1,461
INVESTMENT REPORT
AS OF AUGUST 31,2012
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
01/25/2012 CD NATIONAL REPUBLIC BANK 1.0% 249,000.00 249,000.00 1.000% 9,966.87 258,966.87 1,461
02/10/2012 CD CARDINAL BANK MCLEAN VA .90% 249,000.00 249,000.00 0.900% 8,970.06 257,970.06 1,461
08/24/2012 CD FIRST BUSINESS BANK .60% 248,000.00 247,578.40 0.600% 5,635.72 253,214.12 1,279
05/04/2012 CD HERITAGE BANK OF COMMERCE .80% 249,000.00 248,004.00 0.900% 8,953.05 256,957.05 1,459
05/18/2012 CD NORTH JERSEY COMMUNITY .85% 248,000.00 247,008.00 0.950% 9,429.77 256,437.77 1,461
05/22/2012 CD STATE BANK & TRUST CO MACON, GA .80% 249,000.00 248,004.00 0.900% 8,974.88 256,978.88 1.462
05/31/2012 CD CRESCENT BANK & TRUST .90% 249,000.00 248,502.00 0.950% 9,468.06 257,970.06 1,461
08/15/2012 CD EVERBANK .90% 248,000.00 247,008.00 0.900% 9,926.11 256,934.11 1,461
02/28/2012 CD MERCANTILE BANK OF MICHIGAN .15% 248,000.00 247,380.00 1.150% 14,895.62 262,275.62 1,827
SUB-TOTAL 9,936,000.00 9,929,430.64 0.781% 296,515.29 10,225,945.93 1,113
0 WELLS FARGO BANK 458,297.00 458,297.00 0.020% 0.25 458,297.25 1
0 CORPORATE CASH MANAGEMENT ACCOUNT 3,213,856.94 3.213.856.94 0.020% 1.76 3,213,858.70 1
O LIBRARY ACCOUNT 253.51 253.51 0.000% -253.51 1
0 UNION TRUST 16,169.66 16,169.66 0.000% 0.00 16,169.66 1
0 LAI F WATER DISTRICT 35,188,000.00 35,188,000.00 0.370% 361.65 35,188,361.65 1
O LAIF PUBLIC IMPROVEMENT CORPORATION 34,226,364.36 34,226,364.36 0.370% 351.77 34,226,716.13 1
O LAIF PUBLIC FINANCING CORPORATION 30,498,486.81 30,498,486.81 0.370% 313.46 30,498,800.27 1
0 LAIF CITY OF CARLSBAD 32,103,000.00 32,103,000.00 0.370% 329.95 32.103,329.95
SUB-TOTAL 135,704,428.28 135,704,428.28 0.360% 1,358.84 135,705,787.12
GRAND TOTAL 601,752,428.28 609,452,002.15 1.298% 32.045,344.40 641,497,346.55
EXHIBIT 8
CITY OF CARLSBAD
Fund Equity in Pooled Investments
AS OF AUGUST 31,2012
Cash Balance by Fund:
General 67.689.545
Special Revenue 46,701.068
Debt Service 0
Capital Projects:
General Capital Construction 54,071,149
Traffic Impact Fees 19,762,046
Public Facilities Fees 49.557.400
Park Development 3.917.395
Transnet Taxes 9,365.051
Drainage Fees 14,834,978
Special Districts 71,291,031
Infrastructure Replacement 76,440,168
Redevelopment (see Trust Funds) 0
Other Capital Construction 2.529,600
Total 301,768,818
Enterprise:
Carisbad Municipal Water District 85.001,455
Sewer Fund 51,771,854
Solid Waste 7,198,442
Storm Water 3.097,700
Golf Course 176,776
Total 147.246.227
Intemal Service 34,034.305
Agency Funds 774,734
Trust Funds 9,085.708
Total General Ledger Balance ** 607,300,405
Reconciling Adjustments (1) (1,036,350)
Total Treasurer's Investment Portfolio at Amortized Cost 606,264,055
(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 9/10/12
EXHIBIT 9
CITY OF CARLSBAD INVESTMENT PORTFOLIO
As of August 31, 2012
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
BERKSHIRE HATHAWAY AA2 AA+
CHEVRON AA1 AA
HSBC BANK USA AA3 AA-
IBM CORP AA3 AA-
MASS MUTUAL GLOBAL AA2 AA+
MERCK AA3 AA
MET LIFE GLOBAL AA3 AA-
MET LIFE OF CONNECTICUT AA3 AA-
MICROSOFT AAA AAA
NEW YORK LIFE AAA AA+
PROCTER & GAMBLE AA3 AA-
PROVIDENCE HEALTH AA2 AA
ROYAL BANK OF CANADA AA1 AA-
3M AA2 AA-
SHELL INTERNATIONAL AA1 AA
TOYOTA AA3 AA-
WAL-MART AA2 AA
WESTPAC BANKING CORP AA2 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 *
Moodv's S&P
Latest
Maturitv Date
Carrying
Value
Market
Value
Al A+ 04/30/2013 2,003,181 2,064,780
AA3 A+ 12/15/2015 2,000,000 1,960,640
Al AA+ 05/09/2016 23,389,473 23,598,980
A2 A+ 10/23/2012 1,001,307 1,006,500
ALL STATE LIFE
BARCLAYS BANK
GENERAL ELECTRIC
WELLS FARGO
* 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.
17
EXHIBIT 10
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF AUGUST 31, 2012
WEIGHTINGS FOR CORPORATE AND FEDERAL AGENCY ISSUERS
PERCENTAGE WEIGHTINGS BY CORPORATE NOTE ISSUER
Investment Cost Percent of Portfolio*
ALL STATE LIFE 2,023,559.81 0.33%
BARCLAYS BANK 2,000.000.00 0.33%
BERKSHIRE HATHAWAY 19.421.409.77 3.19%
CHEVRON 1.850.257.50 0.30%
GENERAL ELECTRIC CAP 23.492,605.25 3.85%
HSBC BANK USA 10,000,000.00 1.64%
IBM CORP 8,581,305.00 1.41%
MASS MUTUAL 3.607,914.95 0.59%
MERCK & CO 5,498,750.00 0.90%
MET LIFE GLOBAL FUND 22,244,146.45 3.65%
MET LIFE OF CONNECTICUT 2,121,360.00 0.35%
MICROSOFT 2.072,820.00 0.34%
NEW YORK LIFE 11.847,794.90 1.94%
PROTER & GAMBLE 12,367.204.17 2.03%
PROVIDENCE HEALTH 2,237,929.50 0.37%
ROYAL BANK OF CANADA 4,086,150.00 0.67%
3M 2.121.417.76 0.35%
SHELL INTERNATIONAL FIN 5.384,350.00 0.88%
TOYOTA 9,023,645.00 1.48%
WAL-MART 14,011.419.46 2.30%
WELLS FARGO 1.042,814.41 0.17%
WESTPAC BANKING CORP 5,000,000.00 0.82%
PERCENTAGE WEIGHTINGS BY FEDERAL AGENCY ISSUER
Investment Cost Percent of Portfolio**
FAMCA 5,011,500.00 0.82%
FICO 4,703,555.32 0.77%
FEDERAL FARM CREDIT BANK 46,918,275.98 7.70%
FEDERAL HOME LOAN BANK 59,367,141.28 9.74%
FEDERAL HOME LOAN MORTGAGE CORP 29,637,692.36 4.86%
FEDERAL NATIONAL MORTGAGE ASSOC 141.981.599.50 23.30%
TVA 4,099,415.64 0.67%
U.S.TREASURY 2,062,109.25 0.34%
Total Portfolio $609,452,002.15
* No more than 5% may be invested with a single corporate issuer.
**There are no percentage limits on federal agency issuers.