HomeMy WebLinkAbout2013-09-10; City Council; 21361; Report on City Investments July 31, 2013CITY OF CARLSBAD - AGENDA BILL
AB# 21,361 REPORT ON CITY INVESTMENTS DEPT.DIRECTOR 4— MTG. 9/10/13 AS OF JULY 31, 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 July 31, 2013 is summarized below.
Pooled Investment Portfolio (Cash and Securities)
Current Month Prior Month
Par Value 626,106,060 634,684,425
Cost of Investments 633,302,112 641,918,632
Amortized Cost (1) 629,795,611 638,531,426
Market Value (2) 628,938,389 636,806,973
(1) The cost of investments adjusted for amortized premiums and discounts.
(2) The amount at which the investments could be sold. Source of market values is Union Bank
of California's custodial report as of 7/31/13.
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 $9 million decrease between the June 2013 and July 2013 reports was due to the reduction
in sales and property tax receipts as well as payments for increased construction costs during the
month.
COUNCIL ACTION:
FOR CITY CLERKS USE ONLY.
APPROVED • CONTINUED TO DATE SPECIFIC • _
DENIED • CONTINUED TO DATE UNKNOWN •
CONTINUED • RETURNED TO STAFF •
WITHDFIAWN • OTHER - SEE MINUTES •
AMENDED • REPORT RECEIVED ^
DEPARTMENT CONTACT: Nancy Sullivan (760) 602-2473 Nancv.Sullivan(a),carlsbadca.gov
PAGE 2 OF AB REPORT ON CITY INVESTMENTS AS OF JULY 31. 2013
FUND EQUITY IN POOLED INVESTMENTS
(Dollar Amounts in Millions)
Special Revenue General $79 $ 43
Internal Service $37 Wlk Capital Projects
$298 Agency/Trust $17
Enterprise $15^
Total Treasurer's Investment Portfolio at Amortized Cost
July 31,2013 S630 million
Pooled Investment Interest Income
Current
Month FYTD
Prior
Month FYTD
Current Month
Income
Cash Income Fiscal
Year-to-Date * 953,515 0 953,515
*The cash income received is adjusted for any accrued interest purchased.
Pooled investment Performance/Measurement
Average Life
(Years)
Average Yield
To Maturity Modified Duration
May 2013 2.14 .991% 2.073
June 2013 2.21 .988% 2.136
July 2013 2.29 1.023% 2.209
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.
Investments made in July 2013 did cause the portfolio to hit a duration of 2.209. Our policy states
that the maximum duration allowed is 2.2. This variance will self-correct in August.
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
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF July 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 17,293,486 17,293,068 17,260,521 17,280.613 10,053 0.89 0.89
FN 12,268,803 12,258,142 12,318,226 12,305,267 0 0.83 0.83
CP 0 0 0 0 0 0.00 0.00
TR 2,001,571 2,002,660 2,007,540 2,012,540 0 2.44 2.44
FA 294,844,511 283,145,161 292,973,596 280,810,523 316,013 1.11 1.11
CN 167,565,181 167,681,971 168,556,446 168,247,605 538,750 1.48 1.48
LAIF 132,228,400 149,428,466 132,228,400 149,428,466 88,618 0.27 0.25
CUSTODY 104,698 440 104,698 440 1 0.00 0.00
SWEEP 2,806,496 6,073,905 2,806,496 6,073,905 80 0.02 0.02
BANK ACCT 682,466 647,614 682,466 647,614 0 0.02 0.02
TOTALS $629,795,611 $638,531,427 $628,938,389 $636,806,974 953,515 1.02% 0.99%
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
X ffi
H
ro
H
1-3
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF July 31, 2013
BREAKDOWN OF MA TURITIES BY CLASSIFICA TION AND LENGTH OF TIME
CLASS WITHIN 6 MONTHS 7 MONTHS TO 1 YEAR 1 TO 5 YEARS TOTAL % TOTAL
CD 1,736,000 995,000 14,558,852 17,289,852 2.7%
FN 4,099,416 5,461,604 2,419,825 11,980,845 1.9%
CP 0 0 0 0 0.0%
TR 2,062,109 0 0 2,062,109 0.3%
FA 19,800,173 9,279,440 267,435,042 296,514,655 46.8%o
CN 2,121,418 15,473,961 152,037,213 169,632,592 26.8% (2)
LAIF 132,228,400 0 0 132,228,400 20.9%
CUSTODY 104,698 0 0 104,698 0.0%)
SWEEP 2,806,496 0 0 2,806,496 0.4%
BANK ACCT 682,466 0 0 682,466 0.1%
TOTALS $165,641,176 (1) $31,210,005 (1) $436,450,932 $633,302,112 100.0%
% TOTALS 26.2% 4.9% 68.9% 100.0%
Total within One Year $196,851,180 (1)
31.1%)
POLICY: (1) Not less than $140,781,000 to mature within one year. (2/3rds of current year operating budget of $211,172,000.00)
(2) Policy states that not more than 30% of portfolio is to be invested in corporate notes.
H X ffi
H
ro
H
to
6.75 6.50 6.25 6.00 5.75 5.50 5.25 5.00 4.75 4.50 4.25 4.00 3.75 3.50 3.25 3.00 2.75 2.50 2.25 2.00 1.75 1.50 1.25 1.00 0.75 0.50 0.25 0.00
YIELD COMPARISON
PORTFOLIO EX-LAIF VS. LAIF
JULY 1999-JULY 2013
I I I I I I i I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I M I I I I I I I I I I I I I I I I I I I I I M I I M I I I I M I I M I M I I I I M I I I I I M M I I I I I I M I I I I I I I I M I I I I I M I I I I I I I I I I I M I I I M llllll M X ffi
H
w
(JJ
MARKET YIELD CURVE
6/30/12,6/30/13,7/31/13
Market Rates
3 Mth 2 Yr 5Yr 10 Yr
3 Mth 2Yr 5 Yr 10 Yr
-»-06/30/2012 .07 .25 0.62 1.45
06/30/2013 .03 .36 1.40 2.49
07/31/2013 .04 .31 1.38 2.58
td X ffi
H
ro
H
H3
Cumulative Cash Income
Cumulative
Millions $
14
12
10
8
4
2
FY13-14
(July 2013)
Monthly Interest Income
Millions $
0.95
tt
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Interest Income --^-Budget Actual YTD
8
7
6
5
4
3
2
1
0
n
X EB H
ta
TRANSACTIONS FOR PERIOD:
07/01/13 TO 07/31/13 1ST QUARTER 2013-2014
Trans Investment Call Par Amount Return Investment
Date Date Tvpe Securitv Date Value Coupon (Cost) Rate Interest Return
BUYS
JULY
06/18/2013 07/09/2013 FA FHLMC 10/09/2013 1,600,000.00 1.500% 1,599,520.00 1.506% 120,480.00 1,720,000.00
06/20/2013 07/10/2013 FA FNMA 07/14/2014 4,000,000.00 1.700% 4,000,000.00 1.700% 340,000.00 4,340,000.00
06/20/2013 07/17/2013 FA FHLB 10/17/2013 4.150,000.00 1.750% 4,147,925.00 1.760% 365,200.00 4,513,125.00
07/17/2013 07/18/2013 FA FNMA 02/28/2014 1,000.000.00 1.000% 1,000,000.00 1.000% 33,611.11 1,033,611.11
07/17/2013 07/30/2013 FA FHLB 07/30/2015 3,000,000.00 1.850% 3,000,000.00 1.850% 277,500.00 3,277,500.00
TOTAL FIRST QUARTER 2013-2014
MATURITIES
JULY
08/27/2008 FA FNMA
TOTAL FIRST QUARTER 2013-2014
CALLS
JULY
NONE
TOTAL FIRST QUARTER 2013-2014
13,750,000.00 13,747,445.00 1.677% 1.136.791.11 14,884.236.11
N/A 2,000,000.00 4.375% 2,035,600.00 3.970% 392.177.78 2.427,777.78
2,000,000.00 2,035,600.00 3.970% 392,177.78 2,427,777.78
td X ffi
H
ro
H
1-3
INVESTMENT REPORT
AS OF JULY 31,2013
ESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
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
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
06/20/2012 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
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
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
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
06/20/2013 FA FHLMC .57% CALL 12/20/13 QRTLY 4,000.000.00 3,984,400.00 0.702% 84,000.00 4,068,400.00 1,096
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
07/18/2013 FA FNMA 1.0% CALL 2/28/14 QRTLY 1.000,000.00 1,000,000.00 1.000% 33,611.11 1.033.611.11 1,229
05/28/2013 FA FNMA .50% CALL 5/28/14 QRTYLY 5,000,000.00 4,997.500.00 0.514% 90,000.00 5.087.500.00 1,280
td X ffi
H
ro
H
H3
INVESTMENT REPORT
AS OF JULY 31,2013
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
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
05/30/2012 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
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
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% 180,000.00 4,180.000.00 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
05/28/2013 FA FHLMC .75% CALL 5/28/15 ONE TIME 5,000,000.00 5,000,000.00 0.750% 168,750.00 5,168,750.00 1,645
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
05/08/2013 FA FHLB 1.10% CALL 2/20/14 CONT 1,000,000.00 1,000,774.00 1.080% 51,842.67 1,052,616.67 1,749
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
05/07/2013 FA FHLB 1.00 CALL 3/20/15 CONT 3,000,000.00 3,000,000.00 1.000% 146,083.33 3,146,083.33 1,778
06/07/2013 FA FHLB 1.05 CALL 9/20/13 CONT 3,000,000.00 3,000,000.00 1.050% 153,387.50 3,153,387.50 1,778
04/17/2013 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
05/23/2013 FA FHLMC 1.050% CALL 4/30/14 QRTLY 3,000,000.00 3,000,000.00 1.050% 155,487.50 3,155,487.50 1,803
05/30/2013 FA FHLB 1.050% CALL 7/4/13 CONT 3,000,000.00 2,964,750.00 1.050% 193,100.00 3,157,850.00 1,831
06/12/2013 FA FHLMC 1.20% CALL 9/12/13 QRTLY 3,000,000.00 2,999,100.00 1.206% 180,900.00 3,180,000.00 1,826
06/13/2013 FA FNMA 0.80% CALL 12/13/13 QRTLY STEP 5,000,000.00 4,930,000.00 1.407% 351,250.00 5,281,250.00 1,826
06/20/2013 FA FHLB 1.0% CALL 9/20/13 QRTLY STEP 5,000,000.00 5,000,000.00 1.232% 309,375.00 5,309,375.00 1,826
06/20/2013 FA FNMA 1.25% CALL 12/20/13 QRTLY 4,000,000.00 3,977,200.00 1.360% 272,800.00 4,250,000.00 1,826
06/26/2013 FA FHLMC 1.40% CALL 9/26/13 5,000,000.00 4,997,500.00 1.410% 352,500.00 5,350,000.00 1,826
07/09/2013 FA FHLMC 1.50% CALL 10/09/13 QRTLY 1,600,000.00 1,599,520.00 1.506% 120,480.00 1,720,000.00 1,826
07/10/2013 FA FNMA 1.70% CALL 7/14/14 QRTLY 4,000,000.00 4,000,000.00 1.700% 340,000.00 4,340,000.00 1,826
07/17/2013 FA FHLB 1.75% CALL 10/17/13 QRTLY 4,150,000.00 4,147,925.00 1.760% 365,200.00 4,513,125.00 1,826
07/30/2013 FA FHLB 1.850% CALL 7/30/15 CONT 3,000,000.00 3,000,000.00 1.850% 277,500.00 3,277,500.00 1,826
INVESTMENT REPORT
AS OF JULY 31,2013
ESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
SUB-TOTAL 294,216,000.00 296,514,655.41 1.112% 14,891,007.01 311,405,662.42
• 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 12,376,000.00 11,980,844.63 0.825% 710,135.74 12,690,980.37 1,138
Federal Investments Total 306,592,000.00 308,495,500.04 15,601,142.75 324,096,642.79 1,138
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
05/12/2009 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
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
INVESTMENT REPORT
AS OF JULY 31,2013
^ESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
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
05/15/2013 CN BERKSHIRE HATAWAY 1.30% MAKE WHOLE CALL 5,000,000.00 5.019,345.05 1.220% 305,654.95 5,325,000.00 1,826
SUB-TOTAL 164,384,000.00 169,632,591.60 1.484% 10,311,778.45 179,944,370.05 1,480
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
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
INVESTMENT REPORT
AS OF JULY 31,2013
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days)
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
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
INVESTMENT REPORT
AS OF JULY 31,2013
'ESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
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 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 & 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 & TRUST 1.0% 249,000.00 248,626.50 1.000% 12,823.50 261,450.00 1,826
03/04/2013 CD GATEWAY BANK OF SW FLORIDA .95% 209,000.00 208,373.00 1.070% 10,367.28 218,740.28 1,792
01/30/2013 CD FARMERS & MERCHANTS BANK .90% 249,000.00 248,253.00 0.900% 11,952.00 260,205.00 1,826
03/28/2013 CD WASHINGTON FEDERAL SAVINGS 1.0% CALL 249,000.00 248,253.00 1.000% 13,197.00 261,450.00 1,826
04/05/2013 CD BOSTON PRIVATE BANK & TRUST .95% CALL 248,000.00 247,008.00 1.032% 12,765.55 259,773.55 1,825
04/18/2013 CD FIRST STATE BANK NE .95% CALL 249,000.00 248,502.00 0.991% 12,325.50 260,827.50 1,826
04/30/2013 CD FOREST COMMERCIAL BANK .90% CALL 249,000.00 248,253.00 0.960% 11,952.00 260,205.00 1,826
SUB-TOTAL 17,308,000.00 17,289,851.74 0.893% 541,897.53 17.831,749.27 1,207
O WELLS FARGO BANK 682,326.00 682,326.00 0.020% 0.37 682,326.37 1
O CORPORATE CASH MANAGEMENT ACCOUNT 2,806,495.65 2,806,495.65 0.020% 1.54 2,806,497.19 1
0 LIBRARY ACCOUNT 139.69 139.69 0.000% -139.69 1
0 UNION TRUST 104,697.94 104,697.94 0.000% 0.00 104.697.94 1
O LAIF WATER DISTRICT 30,910,000.00 30,910,000.00 0.270% 231.83 30.910.231.83 1
0 LAIF PUBLIC IMPROVEMENT CORPORATION 36,643,815.96 36,643,815.96 0.270% 274.83 36.644.090.79 1
O LAIF PUBLIC FINANCING CORPORATION 37,907,584.49 37,907,584.49 0.270% 284.31 37.907.868.80 1
0 LAIF CITY OF CARLSBAD 26,767.000.00 26,767,000.00 0.270% 200.75 26.767.200.75
SUB-TOTAL 135,822,059.73 135,822,059.73 0.263% 993.62 135,823.053.35
GRAND TOTAL 626,106,059.73 633,302,112.36 1.023% 26,696,382.34 659.998.494.70
EXHIBIT 8
CITY OF CARLSBAD
Fund Equity in Pooled Investments
AS OF JULY 31,2013
Cash Balance by Fund:
General 78,877,210
Special Revenue 42,931,587
Debt Service 0
Capital Projects:
General Capital Construction 47,649,934
Traffic Impact Fees 20,975,744
Public Facilities Fees 40,465,201
Park Development 4,269,299
Transnet Taxes 4,481,398
Drainage Fees 5,848,268
Special Districts 86,934,117
Infrastructure Replacement 84,478,480
Redevelopment (see Trust Funds) 0
Other Capital Construction 2,637,774
Total 297,740.216
Enterprise:
Carlsbad Municipal Water District 93,319,306
Sewer Fund 51,766,574
Solid Waste 7,248,468
Storm Water 3,527,793
Golf Course 10,655
Total 155,872,796
Internal Service 37,877,980
Agency Funds 16,526,402
Trust Funds 1,029,656
Total General Ledger Balance ** 630,856,847
Reconciling Adjustments (1) (1,060,236)
Total Treasurer's Investment Portfolio at Amortized Cost 629,795,611
(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 08/07/13
EXHIBIT 9
CITY OF CARLSBAD INVESTMENT PORTFOLIO
As of JULY 31, 2013
CORPORATE NOTE AND COMMERCIAL PAPER RATINGS
Corporate Note Investments Meeting the Current Investment Policy:
(Ratings must be AA or better by both IVIoody's and S&P)
Moodv's S&P
BERKSHIRE HATHAWAY AA2 AA+
COCA COLA AAS AA-
GENERAL ELECTRIC COMPANY AAS AA+
GOOGLE INC AA2 AA
IBM CORP AAS AA-
JOHNSON & JOHNSON AAA AAA
MASS MUTUAL GLOBAL AA2 AA+
MET LIFE GLOBAL AAS AA-
MICROSOFT AAA AAA
NEW YORK LIFE AAA AA+
PROCTER & GAMBLE AAS AA-
PROVIDENCE HEALTH AA2 AA
ROYAL BANK OF CANADA AAS AA-
3M AA2 AA-
SHELL INTERNATIONAL AA1 AA
TOYOTA AAS 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
BARCLAYS BANK A2 A+ 12/15/2015 2,000,000 2,037,500
GENERAL ELECTRIC Al AA+ 05/09/2016 19,393,977 19,732,268
HSBC BANK USA A1 AA-06/05/2017 10,000,000 9,745,000
MERCK A1 AA 06/30/2015 5,255,304 5,325,150
* 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 ail 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.
1^
EXHIBIT 10
CiTY OF CARLSBAD INVESTMENT PORTFOLiO
AS OF JULY 31, 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 23,416,919.14 3.70%
COCA COLA CO 4,133,106.35 0.65%
GENERAL ELECTRIC CAP 19,390,658.05 3.06%
GENERAL ELECTRIC COMPANY 8,032,665.00 1.27%
GOOGLE 1,050,940.00 0.17%
HSBC BANK USA 10,000,000.00 1.58%
IBM CORP 8,581,305.00 1.36%
JOHNSONS 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 3.04%
MICROSOFT 2,072,820.00 0.33%
NEW YORK LIFE 8,691,145.24 1.37%
PROTER & GAMBLE 13,392,464.17 2.11%
PROVIDENCE HEALTH 2,237,929.50 0.35%
ROYAL BANK OF CANADA 2,038,220.00 0.32%
3M 2,121,417.76 0.33%
SHELL INTERNATIONAL FIN 5,384,350.00 0.85%
TOYOTA 5,023,645.00 0.79%
WAL-MART 16,632,709.55 2.63%
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 2.37%
FICO 1,027,655.32 0.16%
FEDERAL FARM CREDIT BANK 47,854,273.03 7.56%
FEDERAL HOME LOAN BANK 97,223,849.01 15.35%
FEDERAL HOME LOAN MORTGAGE CORP 48,134,746.00 7.60%
FEDERAL NATIONAL MORTGAGE ASSOC 95,139,191.03 15.02%
TVA 4,099,415.64 0.65%
U.S.TREASURY 2,062,109.25 0.33%
Total Portfolio $633,302,112.36
* No more than 5% may be invested with a single corporate issuer.
**There are no percentage limits on federal agency issuers. 17