HomeMy WebLinkAbout2013-05-28; City Council; 21243; Report on City Investments April 30, 20138
CITY OF CARLSBAD - AGENDA BILL
21.243 REPORT ON CITY INVESTMENTS DEPT.DIRECTOR
•^"T^- 5/28/13 AS OF APRIL 30, 2013 CITY ATTY.
DEPT. TRS CITY MGR.
RECOMMENDED ACTION:
Accept and file report.
ITEM EXPLANATION:
The City's Investment Policy requires the City Treasurer to report to the City Council on a monthly
basis the status of the city's pooled investment portfolio. A quarterly report is also required for the
investments of bond proceeds held separately. The city's pooled investment portfolio as of the
month ended April 30, 2013 is summarized below.
Pooled Investment Portfolio (Cash and Securities)
Current Month Prior Month
Par Value 621,474,977 612,710,819
Cost of Investments 629,143,606 620,480,160
Amortized Cost (1) 625,764,403 617,174,488
Market Value (2) 630,027,090 620,989,721
(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 4/30/13.
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 $8 million increase between the March 2013 and April 2013 reports is due to the receipt of
property taxes totaling $11 million.
FOR CITY CLERKS USE ONLY.
COUNCIL ACTION: APPROVED • CONTINUED TO DATE SPECIFIC •
DENIED • CONTINUED TO DATE UNKNOWN •
CONTINUED • RETURNED TO STAFF •
WITHDRAWN • OTHER-SEE MINUTES
AMENDED • REPORT RECEIVED
DEPARTMENT CONTACT: Nancy Sullivan (760) 602-2473 Nancv.Sullivan@carlsbadca.gov
PAGE 2 OF AB REPORT ON CITY INVESTMENTS AS OF APRIL 30. 2013
FUND EQUITY IN POOLED INVESTMENTS
(Dollar Amounts in Millions)
General Special Revenue
$87 $42
Internal Service $36
Agency/Trust $11
Enterprise $153
Capital Projects
$297
Total Treasurer's Investment Portfolio at Amortized Cost
April 30,2013 $626 million
Pooled Investment Interest Income
Current
Month FYTD
Prior
Month FYTD
Current Month
Income
Cash Income Fiscal
Year-to-Date * 8,423,565 7,495,253 928,312
"The cash income received is adjusted for any accrued interest purchased.
Pooled Investment Performance/Measurement
Average Life
(Years)
Average Yield
To Maturity Modified Duration
February 2013 2.21 1.091% 2.146
March 2013 2.27 1.092% 2.210
April 2013 2.22 1.033% 2.167
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. Fourth 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 APRIL 30, 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 17,292,245 16,548,096 17,406,957 16,654,887 87,085 0.54 0.56
FN 14,231,591 14,218,341 14,292,001 14,277,810 0 0.96 0.96
CP 0 0 0 0 0 0.00 0.00
TR 2,004,802 2,005,855 2,022,700 2,027,180 62,500 2.44 2.44
FA 284,497,008 278,558,021 286,353,562 280,125,505 4,021,627 1.15 1.16
CN 166,897,780 177,021,356 169,110,894 179,081,520 3,802,331 1.52 1.62
LAIF 137,970,741 125,274,000 137,970,741 125,274,000 449,443 0.27 0.29
CUSTODY (5,825) 33,998 (5,825) 33,998 12 0.00 0.00
SWEEP 2,121,663 2,653,138 2,121,663 2,653,138 566 0.02 0.02
BANK ACCT 754,397 861,683 754,397 861,683 0 0.02 0.02
TOTALS $625,764,403 $617,174,488 $630,027,090 $620,989,721 8,423,565 1.03% 1.09%
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 APRIL 30,2013
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 Year
WITHIN 6 MONTHS
1,489,000
1,882,080
0
2,062,109
28,035,357
6,301,903
137,970,741
(5,825)
2,121,663
754,397
$180,611,426 (1)
28.7%
7 MONTHS TO 1 YEAR
247,000
4,099,416
0
0
5,076,478
8,127,128
0
0
0
0_
$17,550,021 (1)
2.8%
$198,161,447 (1)
31.5%
1 TO 5 YEARS
15,553,852
7,881,429
0
0
253,182,177
154,364,701
0
0
0
0_
$430,982,158
68.5%
TOTAL % TOTAL
17,289,852
13,862,925
0
2,062,109
286,294,012
168,793,732
137,970,741
(5,825)
2,121,663
754,397
$629,143,606
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.
2.7%
2.2%
0.0%
0.3%
45.5%
26.8% (2)
21.9%
0.0%
0.3%
0.1%
100.0%
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YIELD COMPARISON
PORTFOLIO EX-LAIF VS. LAIF
JULY 1999 - APRIL 2013
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MARKET YIELD CURVE
6/30/11,6/30/12,4/30/13
Market Rates
3Mth 2 Yr 5 Yr 10 Yr
3Mth 2Yr 5 Yr 10 Yr
-•-06/30/2011 .01 .46 1.76 3.16
06/30/2012 .07 .25 0.62 1.45
-04/30/2013 .05 .21 0.68 1.67
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Cumulative Cash Income
Cumulative
Millions $
14
12
10
8
6
4
2
FY12-13
(April 2013)
Monthly Interest Income
Millions $
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Interest Income --^-Budget -ii-Actual
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City of Carisbad
TRANSACTIONS FOR PERIOD:
04/01/13 TO 04/30/13 4th QUARTER 2012-2013
Trans
Date
BUYS
APRIL
03/19/2013
03/21/2013
04/16/2013
04/12/2013
04/09/2013
Investment
Date
04/05/2013
04/17/2013
04/18/2013
04/30/2013
04/30/2013
Type Security
CD BOSTON PRIVATE BANK & TRUST
FA FHLMC
CD FIRST STATE BANK NE
FA FHLB
CD FOREST COMMERCIAL BANK
TOTAL FOURTH QUARTER 2012-2013
MATURITIES
APRIL
04/24/2008 CN MET LIFE GLOBAL
05/07/2008 CN MET LIFE GLOBAL
05/12/2009 CN WAL-MART
05/30/2008 CN ALL STATE LIFE
Call
Date
10/04/2013
04/17/2014
10/18/2013
06/30/2015
10/30/2013
N/A
N/A
N/A
N/A
TOTAL FOURTH QUARTER 2012-2013
Par
Value
248,000.00
5,000,000.00
249,000.00
4,000,000.00
249,000.00
9,746,000.00
1,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
6.000.000.00
Coupon
0.950%
1.100%
0.950%
0.500%
0.900%
5.125%
5.125%
4.250%
5.375%
Amount
(Cost)
247,008.00
4,993,750.00
248,502.00
4,000,000.00
248,253.00
Return
Rate
1.032%
1.126%
1.353%
0.500%
1.500%
Interest
12.765.55
281,250.00
12,325.50
73,333.33
11.997.00
Investment
Return
259,773.55
5,275,000.00
260,827.50
4,073,333.33
260,250.00
9,737,513.00 0.882% 391,671.38 10,129,184.38
1,003,232.48
2,019,402.04
1,047,829.91
2,023,559.81
5.050%
4.900%
2.950%
5.100%
251.024.46
485,410.46
118,982.59
504,981.86
1,254,256.94
2,504,812.50
1,166,812.50
2,528.541.67
6.094,024.24 4.656% 1.360.399.37 7.454,423.61
CALLS
APRIL
04/26/2012
05/02/2012
FA
CN
FFCB
TOYOTA
04/25/2013 3.000,000.00 1.200% 2,998.200.00 1.212% 181.700.00 3,179.900.00
04/30/2013 4,000.000.00 0.5%STEP 4.000,000.00 0.500% 119.888.89 4.119,888.89
TOTAL FOURTH QUARTER 2012-2013 7.000.000.00 6.998.200.00 0.805% 301.588.89 7,299,788.89
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INVESTMENT REPORT
AS OF APRIL 30,2013
VESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days)
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
02/01/2013 FA FFCB .4% NON-CALL 5,000,000.00 4,998,750.00 0.484% 61,250.00 5,060,000.00 1,095
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
03/28/2013 FA FHLB .500% CALL 8/19/13 CONT 4,000,000.00 4,000,000.00 0.500% 57,833.33 4,057,833.33 1,058
03/06/2013 FA FNMA .625% CALL 5/22/13 QRTLY 5,000,000.00 5.001,350.00 1.140% 91,184.72 5,092,534.72 1,083
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
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INVESTMENT REPORT
AS OF APRIL 30,2013
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days)
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
03/28/2013 FA FNMA .50% CALL 3/28/14 ONE TIME 4,000,000.00 4,000,000.00 0.500% 60.000.00 4,060,000.00 1,096
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
04/30/2013 FA FHLB .50% ONE CALL 6/30/15 4,000,000.00 4,000,000.00 0.500% 73,333.33 4,073.333.33 1,340
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
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
03/13/2012 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
05/10/2012 FA FNMA 1.30% CALL 5/10/13 QRTLY 5,000,000.00 5.000,000.00 1.300% 325,000.00 5,326,000.00 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
02/19/2013 FA FFCB .87% CALL 11/27/13 CONT 2,000,000.00 1,985,000.00 1.030% 98,036.67 2.083,036.67 1,742
03/06/2013 FA FNMA 1.0% CALL 3/6/15 ONE TIME 3,050,000.00 3,050,000.00 1.000% 144.875.00 3,194,875.00 1,736
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
02/01/2013 FA FAMCA 1.05% NON-CALL 5.000,000.00 5,000,000.00 1.000% 262,354.17 5,262,354.17 1,824
02/05/2013 FA FHLB 1.00% CALL 8/5/13 CONT 5,000.000.00 4,987,500.00 1.050% 262,500.00 5,250,000.00 1,826
03/12/2013 FA FFCB 1.03% CALL 3/12/14 CONT 5.000.000.00 4,991,500.00 1.065% 266,000.00 5,257,500.00 1,826
^ 04/17/2013
PN
FA FHLMC 1.10% CALL 4/17/14 QRTLY 5.000.000.00 4,993,750.00 1.126% 281,250.00 5,275,000.00 1,826
v) SUB-TOTAL 283,566,000.00 286,294,011.62 1.146% 15,368,232.47 301,662,244.09 _
INVESTMENT REPORT
AS OF APRIL 30,2013
ESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days)
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 297,942,000.00 300,156,936.25 16,196,288.21 316,353,224.46 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
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
02/17/2012 CN SHELL INTERNATIONAL FIN 3.1% NON-CALL 5,000,000.00 5,384,350.00 0.780% 137.052.78 5,521,402.78 1,227
10/04/2011 CN MERCK & CO 4.0% NON-CALL 5,000,000.00 5,498.750.00 1.260% 249,027.78 5,747,777.78 1,365
04/17/2012 CN PROCTER & GAMBLE 3.150% NON-CALL 3,000,000.00 3.242,427.56 0.720% 76,247.44 3,318,675.00 1,232
02/09/2011 CN MET LIFE GLOBAL FUNDING 2.5% NON-CALL 1,000,000.00 978,478.42 3.000% 137,493.80 1,115,972.22 1,693
05/06/2011 CN MET LIFE GLOBAL FUNDING 2.5% NON-CALL 1,000,000.00 993,799.11 2.650% 116,131.45 1,109,930.56 1,607
10/09/2012 CN GENERAL ELECTRICT COMPANY .85% NON-CALL 5,000,000.00 5,022,225.00 0.700% 105,275.00 5,127,500.00 1,095
INVESTMENT REPORT
AS OF APRIL 30,2013
ESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days)
01/23/2013 CN GENERAL ELECTRICT COMPANY .85% NON-CALL 3,000,000.00 3,010,440.00 0.720% 58,693.33 3,069,133.33 989
10/06/2011 CN WAL-MART 1.50% NON-CALL 3,000,000.00 3,049,826.34 1.080% 132,548.66 3,182,375.00 1,480
05/15/2012 CN WAL-MART 1.50% NON-CALL 2,630,000.00 2,696,944.02 0.750% 68,939.31 2,765,883.33 1,258
02/10/2012 CN PROCTER & GAMBLE 1.80% NON-CALL 2,844,000.00 2,965.410.36 0.650% 71,270.64 3,036,681.00 1,374
12/15/2010 CN BARCLAYS BANK 3.10% NON-CALL 2,000,000.00 2,000,000.00 3.100% 310.000.00 2,310,000.00 1,826
12/15/2010 CN ROYAL BANK OF CANADA 2.625% NON-CALL 2,000,000.00 2,038,220.00 2.220% 225.009.16 2.263,229.16 1,826
04/13/2012 CN PROCTER & GAMBLE 4.85% NON-CALL 1,000,000.00 1,147,830.00 0.760% 30.272.78 1,178,102.78 1,341
10/31/2011 CN MET LIFE GLOBAL FUNDING 3.125% NON-CALL 1,635,000.00 1,695,247.73 2.200% 154,062.17 1,849,309.90 1,533
12/28/2011 CN MET LIFE GLOBAL FUNDING 3.125% NON-CALL 2,000,000.00 2,063,239.83 2.300% 189,017.11 2,252,256.94 1,475
01/25/2012 CN MET LIFE GLOBAL FUNDING 3.125% NON-CALL 5,000,000.00 5.189,924.57 2.120% 428,999.04 5,618,923.61 1,447
03/09/2012 CN MET LIFE GLOBAL FUNDING 3.125% NON-CALL 3,000,000.00 3,169,646.15 1.600% 190.249.68 3,359,895.83 1,403
02/08/2012 CN GENERAL ELECTRIC 1.55% NON-CALL FLOATER 5,000,000.00 5,000,000.00 1.390% 227,500.00 5,227,500.00 1.461
05/06/2011 CN MASS MUTUAL GLOB 3.125% NON-CALL 1,000.000.00 1.024.175.57 3.125% 130,164.71 1,154,340.28 1,805
05/16/2011 CN GENERAL ELECTRIC 2.95% NON-CALL 2,000,000.00 2.000,912.32 2.940% 292,940.46 2,293,852.78 1,820
06/17/2011 CN GENERAL ELECTRIC 2.95% NON-CALL 2,000,000.00 2,009,952.38 2.840% 278,819.84 2,288,772.22 1,788
09/12/2011 CN GENERAL ELECTRIC 2.95% NON-CALL 1,400,000.00 1.427,513.33 2.500% 164,875.84 1,592,389.17 1,701
12/04/2012 CN JOHNSON & JOHNSON 2.15% NON-CALL 2,000,000.00 2,104,120.00 0.621% 44,110.56 2,148,230.56 1,258
09/04/2012 CN GOOGLE 2.125% NON-CALL 1,000,000.00 1,050.940.00 2.125% 6,197.92 1,057,137.92 1,353
10/27/2011 CN PROCTER & GAMBLE 1.45% NON-CALL 5,000,000.00 5.011.536.25 1.400% 336,463.75 5,348,000.00 1,754
10/11/2011 CN BERKSHIRE HATHAWAY 2.20% NON-CALL 5,000,000.00 5.022.855.25 2.100% 510,033.64 5,532,888.89 1,770
01/23/2013 CN PROCTER & GAMBLE 1.45% NON-CALL 1,000,000.00 1.025,260.00 0.730% 26,376.11 1,051,636.11 1,300
10/02/2012 CN COCA COLA CA 1.8% NON-CALL 3,000.000.00 3,133,106.35 0.650% 78,243.65 3,211.350.00 1,430
09/22/2011 CN TOYOTA 2.0% NON-CALL 5,000.000.00 5,023.645.00 1.900% 474,410.56 5,498.055.56 1,820
11/10/2011 CN NEW YORK LIFE 2.45% NON-CALL 3,550.000.00 3.669,194.08 1.700% 287,655.64 3,956,849.72 1,708
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
03/08/2013 CN WAL-MART 5.8% 3,000,000.00 3,669,120.00 1.140% 189,763.33 3.858,883.33 1.805
03/26/2013 CN COCA COLA CA 1.150% MAKE-WHOLE CALL 1,000,000.00 1,000,000.00 1.150% 57,627.78 1,057,627.78 1.832
SUB-TOTAL 163.384,000.00 168.793,731.89 1.522% 10,468,249.27 179,261,981.16 1,473
09/20/2012 CD BEAL BANK USA .50% 247,000.00 247,000.00 0.500% 1,136.85 248,136.85 342
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
INVESTMENT REPORT
AS OF APRIL 30,2013
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days)
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
03/14/2013 CD SUNTRUST BANK ATLANTA .28% 200,000.00 198,780.00 0.640% 2.152.35 200,932.35 608
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
02/06/2013 CD KEYBANK NATIONAL ASSOCIATION .45% 248,000.00 248,000.00 0.450% 2,263.00 250,263.00 740
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 & 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
02/06/2013 CD ORIENTAL BANK & TRUST .90% CALL 8/6/13 249,000.00 249,000.00 0.900% 6,735.45 255.735.45 1,097
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
INVESTMENT REPORT
AS OF APRIL 30,2013
INVESTMENT PAR INVESTED RETURN
DATE TYPE SECURITY VALUE AMOUNT RATE
05/04/2012 CD HERITAGE BANK OF COMMERCE .80% 249,000.00 248,004.00 0.900%
05/18/2012 CD NORTH JERSEY COMMUNITY .85% 248,000.00 247,008.00 0.950%
05/22/2012 CD STATE BANK & TRUST CO MACON, GA .80% 249,000.00 248,004.00 0.900%
05/31/2012 CD CRESCENT BANK & TRUST .90% 249,000.00 248,502.00 0.950%
08/15/2012 CD EVERBANK .90% 248,000.00 247,008.00 0.900%
02/28/2012 CD MERCANTILE BANK OF MICHIGAN 1.15% 248,000.00 247,380.00 1.150%
12/24/2012 CD DELTA NATL BANK & TRUST .90% 249,000.00 248,377.50 0.952%
12/24/2012 CD PACIFIC CONTL BANK .90% 249,000.00 248,452.20 0.946%
12/11/2012 CD BANCO POPULAR DE PR HATO 1.1% 248.000.00 248,000.00 1.100%
12/17/2012 CD FIRST AMERICAN BANK 1.0% 249,000.00 248,253.00 1.000%
12/14/2012 CD FIRST BANK OF PUERTO RICO 1.25% 249,000.00 249,000.00 1.250%
12/14/2012 CD BANKERS BANK KANSAS 1.0% 249,000.00 248,502.00 1.000%
01/16/2013 CD THE BANK OF HOLLAND 1.00% 249,000.00 248,751.00 1.000%
01/16/2013 CD BANK OF NORTHERN MICHIGAN 1.00% 249,000.00 248,751.00 1.000%
01/18/2013 CD STEARNS BANK .90% 249,000.00 248,253.00 1.000%
01/23/2013 CD FIRST FARMERS BANK & TRUST 1.0% 249,000.00 248,626.50 1.000%
03/04/2013 CD GATEWAY BANK OF SW FLORIDA .95% 209,000.00 208,373.00 1.070%
01/30/2013 CD FARMERS & MERCHANTS BANK .90% 249,000.00 248,253.00 0.900%
03/28/2013 CD WASHINGTON FEDERAL SAVINGS 1.0% CALL 249,000.00 248,253.00 1.000%
04/05/2013 CD BOSTON PRIVATE BANK & TRUST .95% CALL 248,000.00 247.008.00 1.032%
04/18/2013 CD FIRST STATE BANK NE .95% CALL 249,000.00 248,502.00 0.991%
04/30/2013 CD FOREST COMMERCIAL BANK .90% CALL 249,000.00 248.253.00 0.960%
SUB-TOTAL 17,308.000.00 17,289,851.74 0.538%
0 WELLS FARGO BANK 753,941.00 753,941.00 0.020%
0 CORPORATE CASH MANAGEMENT ACCOUNT 2,121,663.13 2.121,663.13 0.020%
O LIBRARY ACCOUNT 456.06 456.06 0.000%
0 UNION TRUST (5,824.84) (5.824.84) 0.000%
0 LAIF WATER DISTRICT 31,322,275.18 31,322,275.18 0.270%
O LAIF PUBLIC IMPROVEMENT CORPORATION 31,076,466.00 31,076,466.00 0.270%
0 LAIF PUBLIC FINANCING CORPORATION 37,075,000.00 37,075,000.00 0.270%
O LAIF CITY OF CARLSBAD 38,497,000.00 38,497,000.00 0.270%
SUB-TOTAL 140,840,976.53 140,840,976.53 0.265%
GRAND TOTAL 621,474,976.53 629,143,605.66 1.033%
INTEREST
8,953.05
9,429.77
8,974.88
9,468.06
9,926.11
14,895.62
11,624.88
11,556.33
13,595.16
13,128.78
15,562.50
12,948.00
12.699.00
12,699.00
11,952.00
12,823.50
10,367.28
11,952.00
13,197.00
12,765.55
12.325.50
11,952.00
0.41
1.16
(0.00)
234.92
233.07
278.06
288.73
INVESTMENT
RETURN
256,957.05
256,437.77
256,978.88
257,970.06
256,934.11
262,275.62
260.002.38
260,008.53
261,595.16
261,381.78
264,562.50
261,450.00
261,450.00
261,450.00
260,205.00
261.450.00
218,740.28
260,205.00
261,450.00
259.773.55
260.827.50
260.205.00
541,897.53 17,831,749.27
753,941.41
2.121.664.29
456.06
(5,824.84)
31,322,510.10
31,076,699.07
37,075,278.06
38,497.288.73
TERM
(Days)
1,459
1,461
1,462
1,461
1,461
1,827
1.792
1,793
1,820
1,816
1,826
1,826
1,826
1,826
1,826
1,826
1,792
1,826
1,826
1,825
1,826
1,826
1,207
1.036.36 140,842,012.89
EXHIBIT 8
CITY OF CARLSBAD
Fund Equity in Pooled Investments
AS OF APRIL 30, 2013
Cash Balance by Fund:
General 86,853,867
Special Revenue 42,546,092
Debt Service 0
Capital Projects:
General Capital Construction 48,715,095
Traffic Impact Fees 20,676,032
Public Facilities Fees 43,686,429
Park Development 4,029,411
Transnet Taxes 7,714,730
Drainage Fees 5,822,096
Special Districts 87,166,464
Infrastructure Replacement 76,552,943
Redevelopment (see Trust Funds) 0
Other Capital Construction 2,623,396
Total 296,986,595
Enterprise:
Carlsbad Municipal Water District 90,365,425
Sewer Fund 52,420,467
Solid Waste 7,283,658
Storm Water 3,426,069
Golf Course 20,392
Total 153,516,011
Internal Service 36,303,582
Agency Funds 11,574,864
Trust Funds 375,754
Total General Ledger Balance ** 628,156,764
Reconciling Adjustments (1) (2,392,360)
Total Treasurer's Investment Portfolio at Amortized Cost 625,764,403
(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 05/07/13
EXHIBIT 9
CITY OF CARLSBAD INVESTMENT PORTFOLIO
As of April 30, 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)
Moody'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 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
BARCLAYS BANK A2 A+
GENERAL ELECTRIC Al AA+
HSBC BANK USA Al AA-
Latest Carrying
Maturity Date Value
12/15/2015
05/09/2016
06/05/2017
2,000,000
19,391,997
10,000,000
Market
Value
2,044,940
19,769,376
9,763,500
* 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.
EXHIBIT 10
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF April 30, 2013
WEIGHTINGS FOR CORPORATE AND FEDERAL AGENCY ISSUERS
PERCENTAGE WEIGHTINGS BY CORPORATE NOTE ISSUER
Investment Cost Percent of Portfolio*
BARCLAYS BANK 2,000,000.00 0.32%
BERKSHIRE HATHAWAY 19,421,409.77 3.09%
COCA COLA CO 4,133,106.35 0.66%
GENERAL ELECTRIC CAP 19,390,658.05 3.08%
GENERAL ELECTRIC COMPANY 8,032,665.00 1.28%
GOOGLE 1,050,940.00 0.17%
HSBC BANK USA 10,000,000.00 1.59%
IBM CORP 8,581,305.00 1.36%
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 19,221,511.93 3.06%
MICROSOFT 2,072,820.00 0.33%
NEW YORK LIFE 11,847,794.90 1.88%
PROTER & GAMBLE 13,392,464.17 2.13%
PROVIDENCE HEALTH 2,237,929.50 0.36%
ROYAL BANK OF CANADA 2,038,220.00 0.32%
3M 2,121,417.76 0.34%
SHELL INTERNATIONAL FIN 5,384,350.00 0.86%
TOYOTA 5,023,645.00 0.80%
WAL-MART 16,632,709.55 2.64%
WESTPAC BANKING CORP 5,000,000.00 0.79%
PERCENTAGE WEIGHTINGS BY FEDERAL AGENCY ISSUER
Investment Cost Percent of Portfolio**
FAMCA 15,016,370.00 2.39%
FICO 2,909,735.32 0.46%
FEDERAL FARM CREDIT BANK 49,848,033.03 7.92%
FEDERAL HOME LOAN BANK 80,294,402.86 12.76%
FEDERAL HOME LOAN MORTGAGE CORP 40,818,738.36 6.49%
FEDERAL NATIONAL MORTGAGE ASSOC 107,170,241.03 17.03%
TVA 4,099,415.64 0.65%
U.S.TREASURY 2,062,109.25 0.33%
Total Portfolio $629,143,605.66
* No more than 5% may be invested with a single corporate issuer.
**There are no percentage limits on federal agency issuers. '7