HomeMy WebLinkAbout2013-02-26; City Council; 21144; Report on City Investments January 31, 2013CITY OF CARLSBAD - AGENDA BILL
AB# 21.144 REPORT ON CITY INVESTMENTS DEPT. HEAb^^^ ^
MTG. 2/26/13 AS OF JANUARY 31, 2013 CITY ATTY.
DEPT. TRS CITY MGR. '/itd
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 quarteriy report is also required for the
investments of bond proceeds held separately. The city's pooled investment poilfolio as of the
month ended January 31, 2013 is summarized below.
Pooled Investment Portfolio (Cash and Securities)
Current Month Prior Month
Par Value 628,285,673 610,558,564
Cost of Investments 635,580,433 617,941,835
Amortized Cost (1) 632,422,083 614,825,024
Market Value (2) 635,775,284 618,778,356
(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 1/31/13.
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.
The $17 million increase between the December 2012 and January 2013 reports is due mainly to
the receipt of property taxes totaling $9.8 million, Sales Tax in Lieu of $3.6 million and Vehicle
License Fee Adjustment of $3.8 million.
FOR CITY CLERKS USE ONLY.
COUNCIL ACTION: APPROVED tf CONTINUED TO DATE SPECIFIC •
DENIED nX CONTINUED TO DATE UNKNOWN •
CONTINUED • RETURNED TO STAFF •
WITHDRAWN • OTHER - SEE MINUTES •
AMENDED •
DEPARTMENT CONTACT: Nancy Sullivan (760) 602-2473 Nancv.Sullivan(gjcarlsbadca.gov
PAGE 2 OF AB REPORT ON CITY INVESTMENTS AS OF JANUARY 31. 2013
FUND EQUITY IN POOLED INVESTMENTS
(Dollar Amounts in Millions)
General Special Revenue
$81 $ 49
Internal Service $35
Agency/Trust $13
Enterprise $153
Capital Projects
$301
Total Treasurer's Investment Portfolio at Amortized Cost
January 31,2013 $632 million
Pooled Investment Interest Income
Current
Month FYTD
Prior
Month FYTD
Current Month
Income
Cash Income Fiscal
Year-to-Date * 6,175,767 5,341,843 833,924
'The cash income received is adjusted for any accrued interest purchased.
Pooled Investment Performance/Measurement
Average Life
(Years)
Average Yield
To Maturity Modified Duration
November 2012 2.16 1.155% 2.097
December 2012 2.20 1.147% 2.136
January 2013 2.25 1.107% 2.190
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. Second 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, 2013
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 15,395,082 14,152,181 15,493,391 14,228,929 49,716 0.59 0.64
FN 14,192,282 14,178,591 14,258,596 14,234,837 0 0.96 0.96
CP 0 0 0 0 0 0.00 0.00
TR 2,007,927 2,009,016 2,036,720 2,041,290 31,250 2.44 2.44
FA 278,354,372 261,866,012 279,813,166 263,896,283 2,904,963 1.24 1.31
CN 174,589,747 172,668,660 176,290,739 174,426,452 2,837,571 1.62 1.64
LAIF 144,193,943 147,210,488 144,193,943 147,210,488 351,841 0.30 0.33
CUSTODY 92,401 206,419 92,401 206,419 9 0.00 0.00
SWEEP 2,985,624 2,058,222 2,985,624 2,058,222 417 0.02 0.02
BANKACCT 610,704 475,435 610,704 475,435 0 0.02 0.02
TOTALS $632,422,083 $614,825,024 $635,775,284 $618,778,356 6,175,767 1.11% 1.15%
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 Ovemight Cash acccount
Bank Account - General Fund Cash account
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CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF JANUARY 31, 2013
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 within One Year
0
1,882,080
0
0
15,483,542
12,322,440
144,193,943
92,401
2,985,624
610,704
$177,570,734 (1)
27.9%
7 MONTHS TO 1 YEAR
1,736,000
4,099,416
0
2,062,109
19,800,173
5,650,066
0
0
0
0_
$33,347,764 (1)
5.3%
$210,918,498 (1)
33.2%
1 TO 5 YEARS
13,657,683
7,881,429
0
0
244,828,763
158,294,060
0
0
0
0_
$424,661,935
66.8%
TOTAL % TOTAL
15,393,683
13,862,925
0
2,062,109
280,112,478
176,266,566
144,193,943
92,401
2,985,624
610,704
$635,580,433
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.
2.4%
2.2%
0.0%
0.3%
44.1%
27.7% (2)
22.7%
0.0%
0.5%
0.1%
100.0%
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-^EX-LAIF
^LAIF
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YIELD COMPARISON
PORTFOLIO EX-LAIF VS. LAIF
JULY 1998 - JANUARY 2013
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MARKET YIELD CURVE
6/30/11.6/30/12. 1/31/13
Market Rates
3Mth 2 Yr 5Yr 10 Yr
3Mth 2 Yr 5 Yr 10 Yr
—06/30/2011 .01 .46 1.76 3.16
06/30/2012 .07 .25 0.62 1.45
-01/31/2013 .07 .26 0.88 1.99
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Cumulative Cash Income
Cumulative
Millions $
14
12
10
8
FY12-13
(January 2013)
Monthly Interest Income
Millions $
0.84 0.83
0.55
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Interest Income —»"Budget -i»-Actual
8
7
6
5
4
3
2
1
0
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City of Carlsbad
TRANSACTIONS FOR PERIOD:
01/01/13 TO 01/31/13 3RD QUARTER 2012-2013
Trans Investment Call Par Amount Return Investment
Date Date Type Security Date Value Coupon (Cost) Rate Interest Return
BUYS
JANUARY
12/18/2012 01/03/2013 FA FHLMC N/A 3,000,000.00 0.600% 2,998,500.00 0.613% 73,500.00 3,072,000.00
01/10/2013 01/11/2013 FA FHLMC 04/05/2013 4,000,000.00 0.750% 4,002,320.00 0.730% 109,680.00 4,112,000.00
01/03/2013 01/16/2013 CD BANK OF HOLLAND 07/16/2013 249,000.00 1.000% 248,751.00 1.200% 12,699.00 261,450.00
01/03/2013 01/16/2013 CD BANK OF N. MICHIGAN 07/16/2013 249,000.00 1.000% 248,751.00 1.200% 12,699.00 261,450.00
01/16/2013 01/17/2013 FA FHLMC 02/14/2013 3,200,000.00 1.000% 3,200,000.00 1.000% 146,400.00 3,346,400.00
01/15/2013 01/18/2013 CD STEARNS BANK 01/18/2014 249,000.00 0.900% 248,253.00 0.900% 11,952.00 260,205.00
01/08/2013 01/22/2013 FA FHLMC 01/22/2015 3,350,000.00 0.950% 3,341,826.00 1.000% 167,299.00 3,509,125.00
01/17/2013 01/23/2013 CN GENERAL ELECTRIC CO N/A 3,000,000.00 0.850% 3,010,440.00 0.720% 58,693.33 3,069,133.33
01/17/2013 01/23/2013 CN PROCTER & GAMBLE 08/15/2016 1,000,000.00 1.450% 1,025,260.00 0.730% 26,376.11 1,051,636.11
01/10/2013 01/23/2013 CD 1ST FARMERS BANK 01/24/2014 249,000.00 1.000% 248,626.50 1.031% 12,823.50 261,450.00
01/24/2013 01/25/2013 FA FAMCA N/A 5,000,000.00 0.930% 5,004,870.00 0.910% 227,500.83 5,232,370.83
01/15/2013 01/30/2013 CD FARMERS & MERCHANT 01/30/2014 249,000.00 0.900% 248,253.00 1.200% 11,952.00 260,205.00
01/03/2013 01/30/2013 FA FHLB 07/30/2013 5,000,000.00 1.000% 5,000,000.00 1.000% 250,000.00 5,250,000.00
01/08/2013 01/30/2013 FA FHLB 07/30/2013 5,000,000.00 1.000% 5,000,000.00 1.000% 250,000.00 5,250,000.00
FEBRUARY
01/24/2013 02/01/2013 FA FFCB N/A 5,000,000.00 0.400% 4,998,750.00 0.484% 61,250.00 5,060,000.00
01/28/2013 02/01/2013 FA FAMCA N/A 5,000,000.00 1.050% 5,000,000.00 1.050% 262,354.17 5,262,354.17
01/28/2013 02/06/2013 CD ORIENTAL BANK & TRUST 08/06/2013 249,000.00 0.900% 249,000.00 1.050% 6,735.45 255,735.45
01/30/2013 02/06/2013 CD KEYBANK NATIONAL N/A 248,000.00 0.450% 248,000.00 0.450% 2,263.00 250,263.00
TOTAL THIRD QUARTER 2012-2013 44,292,000.00 44,321,600.50 0.86% 1,704,177.39 46,025,777.89
MATURITIES
JANUARY 01/14/2008 FA FHLB N/A 3,000,000.00 4.250% 3,000,000.00 4.250% 637,500.00 3,637,500.00
03/18/2011 CN ME LIFE OF CONNECTICU N/A 2,000,000.00 5.010% 2,121,360.00 1.561% 58,165.00 2,179,525.00
FEBRUARY 10/20/2009 FA FFCB N/A 1,000,000.00 5.150% 1,102,490.00 1.926% 67,316.94 1,169,806.94
10/07/2010 FA FFCB N/A 1,065,000.00 3.400% 1,133,986.44 0.600% 15,503.56 1,149,490.00
TOTAL THIRD QUARTER 2012-2013 7,065,000.00 7,357,836.44 2.56% 778,485.50 8,136,321.94
CALLS
JANUARY 04/11/2012 FA FNMA 01/30/2013 4,000,000.00 0.750% 3,998,000.00 1.528% 296,083.33 4,294,083.33
01/30/2012 FA FNMA 01/30/2013 5,000,000.00 1.300% 5,000,000.00 1.300% 325,000.00 5,325,000.00
FEBRUARY 03/01/2012 FA FNMA 02/08/2013 3,000,000.00 0.5%STEP 2,999,700.00 1.317% 156,841.67 3,156,541.67
02/06/2012 FA FNMA 02/06/2013 5,000,000.00 0.75% STEP 5,000,000.00 1.682% 425,000.00 5,425,000.00
TOTAL THIRD QUARTER 2012-2013 17,000,000.00 16,997,700.00 1.47% 1,202,925.00 18,200,625.00
00
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INVESTMENT REPORT
AS OF JANUARY 31,2013
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
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
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
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
09/21/2010 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
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
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INVESTMENT REPORT
AS OF JANUARY 31,2013
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
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 CONTINUOUS 5,000,000.00 5,002,500.00 0.786% 146,833.33 5,149,333.33 1,363
10/18/2012 FA FFCB .50% CALL 1/18/13 CONTINUOUS 5,000,000.00 4,996,250.00 0.522% 91,250.00 5,087,500.00 1,278
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
01/11/2013 FA FHLMC .75% CALL 4/5/13 QRTLY 4,000,000.00 4,002,320.00 0.730% 109,680.00 4,112,000.00 1,363
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
12/05/2012 FA FFCB .65% CALL 1/24/13 CONTINUOUS 2,266,000.00 2,265,433.50 0.657% 57,805.03 2,323,238.53 1,419
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
11/27/2012 FA FHLB .55% BULLET 5,000,000.00 5,000,000.00 0.550% 112,291.67 5,112,291.67 1,491
12/27/2012 FA FFCB .60% BULLET 3,000,000.00 3,000,000.00 0.600% 90,000.00 3,090,000.00 1,461
01/03/2013 FA FHLMC .60% BULLET 3,000,000.00 2,998,500.00 0.613% 73,500.00 3,072,000.00 1,461
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
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
01/17/2013 FA FHLMC 1.0% CALL 2/14/13 QRTLY 3,200,000.00 3,200,000.00 1.000% 146.400.00 3.346.400.00 1,670
12/11/2012 FA FNMA .70% CALL8/22/13 QRTLY STEP 2,800,000.00 2,803,889.20 0.700% 132.976.36 2.936,865.56 1,715
09/27/2012 FA FNMA 0.70% CALL 9/27/13 QRTLY STEP 5,000,000.00 5,000,000.00 1.165% 293.750.00 5,293,750.00 1,826
12/19/2012 FA FHLB 1.0% CALL 5/9/13 MONTHLY 3,000,000.00 2,999,400.00 1.000% 147.266.67 3,146,666.67 1,786
10/18/2012 FA FFCB .87% CALL 10/18/13 CONT 5,000,000.00 4.998.500.00 0.876% 219,000.00 5,217,500.00 1,826
10/18/2012 FA FNMA 0.70% CALL 10/18/13 QRTLY STEP 5,000,000.00 5.000,000.00 1.100% 275,000.00 5,275,000.00 1,826
11/27/2012 FA FNMA 0.90% CALL 11/27/13 QRTLY 4,000.000.00 4,000,000.00 1.100% 1,275,000.00 5,275,000.00 1,826
12/03/2012 FA FHLB 2.625% NON-CALL 3.000,000.00 3,270,090.00 0.790% 124,753.75 3,394,843.75 1,831
12/28/2012 FA FHLB .95% CALL 6/28/13 MONTHLY 5,000,000.00 5,000,000.00 0.950% 237,500.00 5,237,500.00 1,826
01/22/2013 FA FHLMC .95% CALL 1/22/15 QRTLY 3,350,000.00 3,341,826.00 1.000% 167,299.00 3,509.125.00 1,826
01/25/2013 FA FAMCA .93% NON-CALL 5,000,000.00 5,004,870.00 0.910% 227,500.83 5.232.370.83 1,825
. 01/30/2013 FA FHLB 1.00% CALL 7/30/13 QRTLY 5,000,000.00 5,000,000.00 1.000% 250,000.00 5.250.000.00 1,826
01/30/2013 FA FHLB 1.00% CALL 7/30/13 QRTLY 5,000,000.00 5,000,000.00 1.000% 237,500.00 5.237.500.00 1,826
INVESTMENT REPORT
AS OF JANUARY 31,2013
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
SUB-TOTAL 277,236,000.00 280,112,478.06 1.236% 16.481.084.97 296,593,563.03 -
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 14,376,000.00 13,862,924.63 0.964% 828,055.74 14,690,980.37 1,150
Federal Investments Total 291,612,000.00 293,975,402.69 17,309,140.71 311,284,543.40 1,150
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
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
07/18/2011 CN GENERAL ELECTRIC 2.10% NON-CALL 2.000,000.00 2,037,760.00 1.320% 65.956.67 2.103.716.67 904
04/04/2012 CN METLIFE GLOBAL 1.481% NON-CALL FLOATING 2,000,000.00 2,014,740.00 0.950% 39.986.00 2.054.726.00 730
12/27/2011 CN MASS MUTUAL GLOB 2.875% NON-CALL 2,500,000.00 2,583,739.37 1.400% 82.771.05 2.666.510.42 846
05/27/2011 CN WAL-MART 3.20% NON-CALL 2,500,000.00 2,645,275.00 1.200% 92,058.33 2.737.333.33 1,084
05/29/2009 CN WAL-MART 3.20% NON-CALL 1,000,000.00 1,003.190.00 3.130% 155,565.56 1.158.755.56 1,812
05/20/2010 CN MICROSOFT 2.95% NON-CALL 2,000,000.00 2,072,820.00 2.005% 164,982.78 2.237.802.78 1,473
10/07/2011 CN METLIFE GLOBAL 5.125% NON-CALL 1,500,000.00 1,625,547.72 1.900% 80,092.90 1.705.640.62 977
12/23/2011 CN GENERAL ELECTRIC CAPITAL .696% FLOATING 2,000,000.00 1,914,520.00 2.250% 123,464.31 2.037.984.31 997
10/05/2011 CN PROVEDENCE HEALTH 5.05% CALL @ MAKEWHOLE 2.000.000.00 2,237,929.50 1.000% 63,948.28 2.301,877.78 1,092
04/05/2012 CN BERKSHIRE HATHAWAY 5.50% NON-CALL 2.000.000.00 2,236,460.00 0.700% 37,317.78 2,273,777.78 909
10/28/2011 CN METLIFE GLOBAL 2.00% NON-CALL 1.475.000.00 1,490,888.40 1.500% 49,011.60 1,539,900.00 1,078
01/17/2012 CN NEW YORK LIFE 1.30% NON-CALL 5.000,000.00 5,021,951.16 1.150% 172,146.06 5,194,097.22 1,091
02/01/2012 CN GENERAL ELECTRIC 1.375% FLOATER 5.000.000.00 5,000,000.00 1.375% 206,059.03 5,206,059.03 1,094
08/13/2012 CN IBM CORP .55% NON-CALL 3.500,000.00 3,504,305.00 0.500% 43,445.69 3,547,750.69 907
^ 09/16/2011 CN BERKSHIRE HATHAWAY 3.20% NON-CALL 3,000,000.00 3,175,710.00 1.430% 150,956.67 3,326,666.67 1,244
INVESTMENT REPORT
AS OF JANUARY 31,2013
INVESTMENT PAR
DATE TYPE SECURITY VALUE
05/02/2012 CN TOYOTA .50% STEP CALL 4/3/013 QRTLY 4,000,000.00
02/17/2012 CN SHELL INTERNATIONAL FIN 3.1% NON-CALL 5,000,000.00
10/04/2011 CN MERCK & CO 4.0% NON-CALL 5,000,000.00
04/17/2012 CN PROCTERS GAMBLE 3.150% NON-CALL 3,000,000.00
02/09/2011 CN MET LIFE GLOBAL FUNDING 2.5% NON-CALL 1,000,000.00
05/06/2011 CN MET LIFE GLOBAL FUNDING 2.5% NON-CALL 1,000,000.00
10/09/2012 CN GENERAL ELECTRICT COMPANY .85% NON-CALL 5,000,000.00
01/23/2013 CN GENERAL ELECTRICT COMPANY .85% NON-CALL 3,000,000.00
10/06/2011 CN WAL-MART 1.50% NON-CALL 3,000,000.00
05/15/2012 CN WAL-MART 1.50% NON-CALL 2,630,000.00
02/10/2012 CN PROCTER & GAMBLE 1.80% NON-CALL 2,844,000.00
12/15/2010 CN BARCLAYS BANK 3.10% NON-CALL 2,000,000.00
12/15/2010 CN ROYAL BANK OF CANADA 2.625% NON-CALL 2,000,000.00
04/13/2012 CN PROCTER & GAMBLE 4.85% NON-CALL 1,000,000.00
10/31/2011 CN MET LIFE GLOBAL FUNDING 3.125% NON-CALL 1,635,000.00
12/28/2011 CN MET LIFE GLOBAL FUNDING 3.125% NON-CALL 2,000,000.00
01/25/2012 CN MET LIFE GLOBAL FUNDING 3.125% NON-CALL 5,000,000.00
03/09/2012 CN MET LIFE GLOBAL FUNDING 3.125% NON-CALL 3,000,000.00
02/08/2012 CN GENERAL ELECTRIC 1.55% NON-CALL FLOATER 5,000.000.00
05/06/2011 CN MASS MUTUAL GLOB 3.125% NON-CALL 1.000.000.00
05/16/2011 CN GENERAL ELECTRIC 2.95% NON-CALL 2,000,000.00
06/17/2011 CN GENERAL ELECTRIC 2.95% NON-CALL 2,000,000.00
09/12/2011 CN GENERAL ELECTRIC 2.95% NON-CALL 1,400,000.00
12/04/2012 CN JOHNSON & JOHNSON 2.15% NON-CALL 2,000.000.00
09/04/2012 CN GOOGLE 2.125% NON-CALL 1.000.000.00
10/27/2011 CN PROCTERS GAMBLE 1.45% NON-CALL 5.000.000.00
10/11/2011 CN BERKSHIRE HATHAWAY 2.20% NON-CALL 5.000.000.00
01/23/2013 CN PROCTERS GAMBLE 1.45% NON-CALL 1.000.000.00
10/02/2012 CN COCA COLA CA 1.8% NON-CALL 3,000,000.00
09/22/2011 CN TOYOTA 2.0% NON-CALL 5,000,000.00
11/10/2011 CN NEW YORK LIFE 2.45% NON-CALL 3,550.000.00
01/31/2012 CN BERSHI RE HATHAWAY 1.90% NON-CALL 5.000.000.00
01/31/2012 CN HSBC BANK USA 2.5% FLOATING RATE 5.000.000.00
03/05/2012 CN BERSH I RE HATHAWAY 1.90% NON-CALL 2.850.000.00
08/06/2012 CN IBM CORP 1.250% NON-CALL 5.000.000.00
02/16/2012 CN WESTPAC BANKING CORP 2.3% NON-CALL 5,000,000.00
04/18/2012 CN WAL-MART STORES 5.375% NON-CALL 3,000,000.00
06/05/2012 CN HSBC BANK USA 1.925% FLOATER 5,000,000.00
INVESTED
AMOUNT
4,000,000.00
5,384,350.00
5,498,750.00
3,242,427.56
978,478.42
993,799.11
5,022,225.00
3,010,440.00
3,049,826.34
2,696,944.02
2,965,410.36
2,000,000.00
2,038,220.00
1,147,830.00
1,695.247.73
2,063,239.83
5,189,924.57
3,169,646.15
5,000,000.00
1,024,175.57
2,000,912.32
2,009,952.38
1,427,513.33
2,104,120.00
1,050,940.00
5,011,536.25
5,022,855.25
1,025,260.00
3,133.106.35
5,023,645.00
3,669,194.08
5.047,739.83
5,000,000.00
2,914,809.00
5,077,000.00
5,000,000.00
3.568.354.19
5.000.000.00
RETURN
RATE
1.000%
0.780%
1.260%
0.720%
3.000%
2.650%
0.700%
0.720%
1.080%
0.750%
0.650%
3.100%
2.220%
0.760%
2.200%
2.300%
2.120%
1.600%
1.390%
3.125%
2.940%
2.840%
2.500%
0.621%
2.125%
1.400%
2.100%
0.730%
0.650%
1.900%
1.700%
1.700%
1.748%
1.418%
0.900%
2.300%
1.400%
1.507%
INTEREST
119.888.89
137.052.78
249.027.78
76.247.44
137,493.80
116,131.45
105,275.00
58,693.33
132,548.66
68,939.31
71,270.64
310,000.00
225,009.16
30,272.78
154,062.17
189,017.11
428,999.04
190,249.68
227,500.00
130,164.71
292,940.46
278,819.84
164,875.84
44,110.56
6,197.92
336,463.75
510.033.64
26.376.11
78.243.65
474.410.56
287,655.64
427,260.17
425,000.00
200,676.42
204,250.00
574,680.56
229,833.31
380,000.00
INVESTMENT
RETURN
4,119,888.89
5,521,402.78
5,747,777.78
3,318,675.00
1,115,972.22
1,109,930.56
5,127,500.00
3,069,133.33
3,182,375.00
2,765,883.33
3,036,681.00
2,310,000.00
2,263,229.16
1,178,102.78
1,849,309.90
2,252,256.94
5,618,923.61
3,359,895.83
5,227.500.00
1,154,340.28
2,293,852.78
2,288,772.22
1,592,389.17
2,148,230.56
1,057,137.92
5,348,000.00
5,532,888.89
1,051.636.11
3.211,350.00
5.498,055.56
3,956,849.72
5,475,000.00
5,425,000.00
3,115,485.42
5,281,250.00
5,574,680.56
3,798,187.50
5,380,000.00
TERM
(Davs)
1,093
1,227
1,365
1,232
1,693
1,607
1,095
989
1,480
1,258
1,374
1,826
1,826
1,341
1,533
1,475
1,447
1,403
1,461
1,805
1,820
1,788
1,701
1,258
1,353
1,754
1,770
1,300
1,430
1,820
1,708
1,827
1,827
1,793
1,645
1,826
1,813
1,826
09/20/2012 CD BEAL BANK USA .50%
SUB-TOTAL 171,384,000.00
247,000.00
176,266,566.13 1.624% 11,752,841.42 188,019,407.55 1,451
247,000.00 0.500% 1,136.85 248,136.85
INVESTMENT REPORT
AS OF JANUARY 31,2013
ESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
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
12/19/2012 CD MIZUHO CORPORATE BANK .50% 247,000.00 247.000.00 0.500% 1,235.00 248,235.00 365
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
09/21/2012 CD CITIZENS STATE BANK .50% 249,000.00 248,751.00 0.550% 2.742.46 251,493.46 731
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
10/24/2012 CD INDEPENDENCE BANK OF KENTUCKY .50% 249,000.00 248,751.00 0.500% 2.739.00 251,490.00 730
10/24/2012 CD APPLE BANK FOR SAVINGS .50% 248,000.00 248,000.00 0.500% 2.480.00 250,480.00 730
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
11/30/2012 CD SYNOVUS BANK .5% 248.000.00 248,000.00 0.500% 2.473.11 250,473.11 728
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
10/17/2012 CD FIRST STATE BANK/MENDOA .50% 249.000.00 248,701.20 0.550% 3,636.09 252,337.29 825
08/24/2012 CD BLC COMMUNITY BANK .50% 249.000.00 248,690.24 0.550% 3,427.40 252,117.64 914
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 S TRUST .70% 248.000.00 247,628.00 0.750% 5,589.51 253,217.51 1,097
11/29/2012 CD UNITED BANKERS BANK .50% 249.000.00 248,676.30 0.550% 3,436.20 252,112.50 911
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
10/17/2012 CD COMENITY CAP BANK SALT LAKE CITY , ,50% 249.000.00 248,601.60 0.550% 4,233.74 252,835.34 1,094
11/07/2012 CD EAGLE BANK .60% 249.000.00 249,000.00 0.600% 4,490.30 253,490.30 1,097
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
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
INVESTMENT REPORT
AS OF JANUARY 31,2013
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
08/24/2012 CD FIRST BUSINESS BANK .60% 248,000.00 247,578.40 0.600% 5,635.72 253,214.12 1,279
10/22/2012 CD NATIONAL BANK OF COMMERCE .50% 249,000.00 248,551.80 0.550% 4,791.87 253,343.67 1,274
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 S 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 S 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 1.15% 248,000.00 247,380.00 1.150% 14,895.62 262,275.62 1,827
12/24/2012 CD DELTA NATL BANK S TRUST .90% 249,000.00 248,377.50 0.952% 11,624.88 260,002.38 1,792
12/24/2012 CD PACIFIC CONTL BANK .90% 249,000.00 248,452.20 0.946% 11,556.33 260.008.53 1,793
12/11/2012 CD BANCO POPULAR DE PR HATO 1.1% 248,000.00 248,000.00 1.100% 13,595.16 261.595.16 1,820
12/17/2012 CD FIRST AMERICAN BANK 1.0% 249,000.00 248,253.00 1.000% 13,128.78 261.381.78 1,816
12/14/2012 CD FIRST BANK OF PUERTO RICO 1.25% 249,000.00 249,000.00 1.250% 15,562.50 264,562.50 1,826
12/14/2012 CD BANKERS BANK KANSAS 1.0% 249,000.00 248,502.00 1.000% 12,948.00 261,450.00 1,826
01/16/2013 CD THE BANK OF HOLLAND 1.00% 249,000.00 248,751.00 1.000% 12,699.00 261,450.00 1,826
01/16/2013 CD BANK OF NORTHERN MICHIGAN 1.00% 249,000.00 248,751.00 1.000% 12,699.00 261,450.00 1,826
01/18/2013 CD STEARNS BANK .90% 249,000.00 248,253.00 1.000% 11,952.00 260,205.00 1,826
01/23/2013 CD FIRST FARMERS BANK S TRUST 1.0% 249,000.00 248,626.50 1.000% 12,823.50 261,450.00 1,826
01/30/2013 CD FARMERS S MERCHANTS BANK .90% 249,000.00 248,253.00 0.900% 11,952.00 260,205.00 1,826
SUB-TOTAL 15,407,000.00 15,393,682.74 0.589% 470,139.40 15,863,822.14 1,191
0 WELLS FARGO BANK 609,942.00 609,942.00 0.020% 0.33 609,942.33
0 CORPORATE CASH MANAGEMENT ACCOUNT 2,985,624.27 2,985,624.27 0.020% 1.64 2,985,625.91 1
0 LIBRARY ACCOUNT 762.03 762.03 0.000% -762.03 1
0 UNION TRUST 92,401.46 92,401.46 0.000% 0.00 92,401.46 1
0 LAIF WATER DISTRICT 32,646,526.85 32,646,526.85 0.300% 272.05 32,646,798.90 1
0 LAIF PUBLIC IMPROVEMENT CORPORATION 35,802,527.80 35,802,527.80 0.300% 298.35 35,802,826.15 1
0 LAIF PUBLIC FINANCING CORPORATION 36,464,726.22 36,464,726.22 0.300% 303.87 36,465,030.09 1
0 LAIF CITY OF CARLSBAD 39,280,161.95 39,280,161.95 0.300% 327.33 39,280,489.28
SUB-TOTAL 147,882,672.58 147,882,672.58 0.293% 1,203.59 147,883,876.17
GRAND TOTAL 628,285,672.58 635,580,433.39 1.107% 29,773,895.11 665,354,328.50
EXHIBIT 8
CITY OF CARLSBAD
Fund Equity in Pooled Investments
AS OF JANUARY 31,2013
Cash Balance by Fund:
General 80,651,232
Special Revenue 49,377,087
Debt Service 0
Capital Projects:
General Capital Construction 50,970,674
Traffic Impact Fees 20,386,770
Public Facilities Fees 46,406,999
Park Development 4,013,563
Transnet Taxes 9,214,145
Drainage Fees 5,595,981
Special Districts 85,290,255
Infrastructure Replacement 76,418,175
Redevelopment (see Trust Funds) 0
Other Capital Construction 2,570,652
Total 300,867,214
Enterprise:
Carlsbad Municipal Water District 90,122,315
Sewer Fund 52,085,169
Solid Waste 7,262,626
Storm Water 3,234,305
Golf Course 186,544
Total 152,890,959
Internal Service 35,131,331
Agency Funds 7,655,470
Trust Funds 3,567,404
Total General Ledger Balance ** 630,140,697
Reconciling Adjustments (1) 2,281,387
Total Treasurer's Investment Portfolio at Amortized Cost 632,422,083
(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 02/12/13
75-
EXHIBIT 9
CITY OF CARLSBAD INVESTMENT PORTFOLIO
As of January 31, 2013
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+
COCA COLA AA3 AA-
GENERAL ELECTRIC COMPANY AA3 AA+
GOOGLE INC AA2 AA-
IBM CORP AA3 AA-
JOHNSON & JOHNSON AAA AAA
MASS MUTUAL GLOBAL AA2 AA+
MERCK AA3 AA
MET LIFE GLOBAL AA3 AA-
MICROSOFT AAA AAA
NEW YORK LIFE AAA AA+
PROCTER & GAMBLE AA3 AA-
PROVIDENCE HEALTH AA2 AA
ROYAL BANK OF CANADA AA3 AA-
3M AA2 AA-
SHELL INTERNATIONAL AAl 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
ALL STATE LIFE Al
BARCLAYS BANK A2
GENERAL ELECTRIC Al
HSBC BANK USA Al
* 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.
S&P
Latest
Maturity Date
Carrying
Value
Market
Value
A+ 04/30/2013 2,001,185 2,024,180
A+ 12/15/2015 2,000,000 1,961,100
AA+ 05/09/2016 19,390,016 19,718.988
AA-06/05/2017 10,000,000 9,753,500
JC
EXHIBIT 10
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF JANUARY 31, 2013
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 0.32%
BARCLAYS BANK 2,000,000.00 0.31%
BERKSHIRE HATHAWAY 19,421,409.77 3.06%
COCA COLA CO 3.133,106.35 0.49%
GENERAL ELECTRIC CAP 19.390.658.05 3.05%
GENERAL ELECTRIC COMPANY 8.032,665.00 1.26%
GOOGLE 1,050,940.00 0.17%
HSBC BANK USA 10,000,000.00 1.57%
IBM CORP 8,581,305.00 1.35%
JOHNSON & JOHNSON 2,104,120.00 0.33%
MASS MUTUAL 3,607,914.95 0.57%
MERCK & CO 5,498,750.00 0.87%
MET LIFE GLOBAL FUND 22.244,146.45 3.50%
MICROSOFT 2,072,820.00 0.33%
NEW YORK LIFE 11,847,794.90 1.86%
PROTER & GAMBLE 13,392,464.17 2.11%
PROVIDENCE HEALTH 2,237,929.50 0.35%
ROYAL BANK OF CANADA 4,086,150.00 0.64%
3M 2,121,417.76 0.33%
SHELL INTERNATIONAL FIN 5,384,350.00 0.85%
TOYOTA 9,023,645.00 1.42%
WAL-MART 14,011,419.46 2.20%
WESTPAC BANKING CORP 5,000,000.00 0.79%
PERCENTAGE WEIGHTINGS BY FEDERAL AGENCY ISSUER
Investment Cost Percent of Portfolio**
FAMCA 10,016,370.00 1.58%
FICO 2,909,735.32 0.46%
FEDERAL FARM CREDIT BANK 48,107,459.47 7.57%
FEDERAL HOME LOAN BANK 70,270,842.86 11.06%
FEDERAL HOME LOAN MORTGAGE CORP 35,824,988.36 5.64%
FEDERAL NATIONAL MORTGAGE ASSOC 122,746,591.03 19.31%
TVA 4,099,415.64 0.64%
U.S.TREASURY 2.062,109.25 0.32%
Total Portfolio $635,580,433.39
No more than 5% may be invested with a single corporate issuer.
'There are no percentage limits on federal agency issuers.