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HomeMy WebLinkAbout2013-09-24; City Council; 21378; Report on City Investments August 31, 2013CITY OF CARLSBAD - AGENDA BILL AB# MTG. DEPT. 21.378 9/24/13 TRS REPORT ON CITY INVESTMENTS AS OF AUGUST 31, 2013 DEPT. HEAD oL CITY ATTY. ^ 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 quarteriy report is also required for the investments of bond proceeds held separately. The City's pooled investment portfolio as of the month ended August 31, 2013 is summarized below. Pooled Investment Portfolio (Cash and Securities) Current Month Prior Month Par Value 621,135,429 626,106,060 Cost of Investments 628,173,066 633,302,112 Amortized Cost (1) 624,671,762 629,795,611 Market Value (2) 622,216,568 628,938,389 (1) The cost of investments adjusted for amortized premiums and discounts. (2) The amount at which the investments could be sold. Source of market values is Union Bank of California's custodial report as of 8/31/13. The equity portion of the various funds in the total portfolio is summarized in the graph below. Fund balances are restricted for various purposes. See Exhibit 8 for a more detailed breakdown. FUND EQUITY IN POOLED INVESTMENTS (Dollar Amounts in Millions) Special Revenue General $75 $ 44 Internal Service $37 Agency/Trust $14 Enterprise $157 Capital Projects $297 Total Treasurer's Investment Portfolio at Amortized Cost August 31, 2013 S625 million FOR CITY CLERKS USE ONLY. COUNCIL ACTION: APPROVED X CONTINUED TO DATE SPECIFIC • DENIED • CONTINUED TO DATE UNKNOWN • CONTINUED • RETURNED TO STAFF • WITHDRAWN • OTHER - SEE MINUTES • AMENDED • DEPARTMENT CONTACT: Nancy Sullivan (760) 602-2473 Nancv.Sullivan@carlsbadca.gov PAGE 2 OF AB REPORT ON CITY INVESTMENTS AS OF AUGUST 31. 2013 Pooled Investment Interest Income Current Month FYTD Prior Month FYTD Current Month Income Cash Income Fiscal Year-to-Date * 1,541,566 953,515 588,051 *The cash income received is adjusted for any accrued interest purchased. Pooled Investment Performance/Measurement Average Life (Years) Average Yield To Maturity Modified Duration June 2013 2.21 .988% 2.136 July 2013 2.29 1.023% 2.209 August 2013 2.22 1.01% 2.143 All pooled investments have been made in accordance with the City's Investment Policy adopted January 2, 1985 and last revised August 28, 2012. All investments were initially made in accordance with the City's Investment Policy. Events subsequent to the purchase might have resulted in some investments not being in compliance with the current policy. These events are typically a change in the City's Investment Policy, a change in the credit rating subsequent to a purchase, or a temporary reduction in total portfolio assets. See Exhibit 9 for details. The pooled investment portfolio has the ability to meet the City's cash flow demands for the next six (6) months. EXHIBITS FOR POOLED INVESTMENTS: 1. Investment Portfolio Breakdown By Amortized Cost, Market Value, Cash Income, and Average Yield 2. Investment Portfolio Breakdown Of Maturities 3. Yield Comparison Graph 4. Market Yield Curve 5. Cumulative Cash Income Graph 6. First Quarter Transactions 7. Detailed Investment Report 8. Fund Equity in Pooled Investments 9. Corporate Note and Commercial Paper Ratings 10. Percentage Weightings By Corporate Note Issuer CITY OF CARLSBAD INVESTMENT PORTFOLIO AS OF AUGUST 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 17,046,904 17,293,486 17,006,791 17,260,521 30,486 0.90 0.89 FN 12,279,464 12,268,803 12,333,918 12,318,226 0 0.83 0.83 TR 1,000,501 2,001,571 1,002,270 2,007,540 0 2.45 2.44 FA 288,796,806 294,844,511 285,742,617 292,973,596 553,550 1.12 1.11 CN 165,449,659 167,565,181 166,032,543 168,556.446 868,780 1.47 1.48 LAIF 134,670,816 132,228,400 134,670,816 132,228,400 88,618 0.27 0.27 CUSTODY 262,365 104,698 262,365 104,698 1 0.00 0.00 SWEEP 4,245,718 2,806,496 4,245,718 2,806,496 131 0.02 0.02 BANKACCT 919,530 682,466 919,530 682,466 0 0.02 0.02 TOTALS $624,671,762 $629,795,611 $622,216,568 $628,938,389 1,541,566 1.01% 1.02% CD - Certificate of Deposit FN - Federal Discount Notes 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 X ffi H W H 1-3 CITY OF CARLSBAD INVESTMENT PORTFOLIO AS OF AUGUST 31,2013 BREAKDOWN OF MA TURITIES BY CLASSIFICA TION AND LENGTH OF TIME CLASS CD FN TR FA CN LAIF CUSTODY SWEEP BANK ACCT TOTALS % TOTALS Total within One Year WITHIN 6 MONTHS 1,489,000 4,099,416 1,030,781 19,823,040 3,528,648 134,670,816 262,365 4,245,718 919,530 $170,069,314 (1) 27.1% 7 MONTHS TO 1 YEAR 2,731,000 5,461,604 0 11,646,159 11,945,312 0 0 0 0_ $31,784,075 (1) 5.1% $201,853,389 (1) 32.1% 1 TO 5 YEARS 12,822,852 2,419,825 0 259,039,787 152,037,213 0 0 0 0_ $426,319,677 67.9% TOTAL % TOTAL 17,042,852 11,980,845 1,030,781 290,508,986 167,511,174 134,670,816 262,365 4,245,718 919,530 $628,173,066 100.0% POLICY: (I) 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. 2.7% 1.9% 0.2% 46.3% 26.7% (2) 21.4% 0.0% 0.7% 0.2% 100.0% X ffi H H t-3 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 - AUGUST 2013 td x: ffi H OJ MARKET YIELD CURVE 6/30/12,6/30/13, 8/31/13 Market Rates 3 Mth 2 Yr 5 Yr 10 Yr 3 Mth 2 Yr 5 Yr 10 Yr -•-06/30/2012 .07 .25 0.62 1.45 06/30/2013 .03 .36 1.40 2.49 -^-08/31/2013 .02 .40 1.64 2.79 6^ tfl X ffi H dd H 1-3 Cumulative Cash Income FY13-14 Cumulative Millions $ (August 2013) Monthly Interest Income Millions $ 10 9 8 7 6 5 4 3 2 1 0.95. 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 tfl X ffi H w H 1-3 Ul TRANSACTIONS FOR PERIOD: 07/01/13 TO 08/31/13 1ST QUARTER 2013-2014 Trans Investment Call Par Amount Return Investment Date Date Type Security Date Value CouDon (Cost) Rate Interest Return BUYS JULY 1.720,000.00 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 AUGUST - NONE TOTAL FIRST QUARTER 2013-2014 13,750,000.00 13,747,445.00 1.677% 1.136,791.11 14,884,236.11 MATURITIES JULY 08/27/2008 FA FNMA N/A 2,000,000.00 4.375% 2,035,600.00 3.970% 392,177.78 2,427.777.78 AUGUST 1.108.000.00 08/19/2009 FA FFCB N/A 1,000,000.00 2.700% 1,005,669.88 2.550% 102,330.12 1.108.000.00 05/12/2009 CN 3M N/A 2,000,000.00 4.375% 2,121,417.76 2.850% 251,186.41 2,372.604.17 09/20/2012 CD BEAL BANK USA N/A 247,000.00 0.500% 247,000.00 0.500% 1,136.85 248,136.85 11/10/2008 TR US TREASURY N/A 1,000,000.00 3.125% 1,031,328.00 2.430% 118,792.86 1,150,120.86 SEPTEMBER 11/12/2008 FA FHLB N/A 1,000,000.00 4.000% 1,007,890.00 3.818% 184,776.67 1,192,666.67 12/17/2008 FA FHLB N/A 2,000,000.00 4.375% 2,154,940.00 2.625% 259,712.78 2.414,652.78 03/24/2010 FA FHLMC N/A 3.000,000.00 4.125% 3,222,330.00 1.930% 211,826.25 3,434,156.25 11/12/2008 TR US TREASURY N/A 1,000,000.00 4.000% 1,030,781.25 2.452% 121,777.13 1,152,558.38 TOTAL FIRST QUARTER 2013-2014 13,247,000.00 13,856,956.89 2.711% 1,643,716.85 15,500,673.74 CALLS JULY NONE AUGUST 5,078,000.00 08/09/2012 08/27/2012 FA FNMA 08/27/2013 5,000,000.00 0.520% 5,000,000.00 0.520% 78.000.00 5,078,000.00 TOTAL FIRST QUARTER 2013-2014 5,000,000.00 5,000,000.00 0.520% 78,000.00 5,078.000.00 td X ffi H ro INVESTMENT REPORT AS OF AUGUST 31,2013 ESTMENT PAR INVESTED RETURN INVESTMENT TERM DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days) 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 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 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 td X ffi H ro H 1-3 INVESTMENT REPORT AS OF AUGUST 31,2013 INVESTMENT PAI^? INVESTED RETURN INVESTMENT TERM DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs) 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 FH LB 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 05/07/2013 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 SUB-TOTAL 288,216,000.00 290,508,985.53 1.118%) 14,710,676.89 305,219,662.42 - INVESTMENT REPORT AS OF AUGUST 31,2013 ESTMENT PAR INVESTED RETURN INVESTMENT TERM DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs) 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 300,592,000.00 302,489,830.16 15,420,812.63 317,910,642.79 1,138 11/12/2008 TR US TREASURY 4.0% 1,000,000.00 1,030,781.25 2.452%o 121,777.13 1,152,558.38 1,783 SUB-TOTAL 1,000,000.00 1,030,781.25 2.452%. 121,777.13 1,152,558.38 1,783 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%o 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 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 INVESTMENT REPORT AS OF AUGUST 31,2013 INVESTMENT PAR INVESTED RETURN INVESTMENT DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN 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 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 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 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 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 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 06/17/2011 CN GENERAL ELECTRIC 2.95% NON-CALL 2,000,000.00 2,009,952.38 2.840%o 278,819.84 2,288,772.22 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 12/04/2012 CN JOHNSONS JOHNSON 2.15% NON-CALL 2,000,000.00 2,104,120.00 0.621%) 44,110.56 2,148,230.56 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 10/27/2011 CN PROCTERS GAMBLE 1.45%) NON-CALL 5,000,000.00 5,011,536.25 1.400% 336,463.75 5,348,000.00 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 01/23/2013 CN PROCTERS GAMBLE 1.45% NON-CALL 1,000,000.00 1,025,260.00 0.730% 26,376.11 1,051,636.11 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 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 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 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 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 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 08/06/2012 CN IBM CORP 1.250% NON-CALL 5,000,000.00 5,077,000.00 0.900%o 204,250.00 5,281,250.00 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 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 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 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 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 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 SUB-TOTAL 162,384,000.00 167,511,173.84 1.467% 10,060,592.04 177,571.765.88 TERM (Davs) 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 1,805 1,832 1,826 1,480 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 INVESTMENT REPORT AS OF AUGUST 31,2013 INVESTMENT PAR INVESTED RETURN INVESTMENT TERM DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days) 08/17/2011 CD ALLY BANK 1.15% 248,000.00 248,000.00 1.150%o 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 0.850yo 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 15% 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 .10% 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 .A% 249,000.00 249,000.00 1.400%o 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%o 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%o 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 & TRUST CO MACON, GA .80%o 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 INVESTMENT REPORT AS OF AUGUST 31,2013 INVESTMENT PAR INVESTED RETURN INVESTMENT TERM DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs) 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%o 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%o 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 17,061,000.00 17,042,851.74 0.899% 540,760.68 17,583,612.42 1,220 O WELLS FARGO BANK 918,516.00 918,516.00 0.020%o 0.50 918,516.50 1 O CORPORATE CASH MANAGEMENT ACCOUNT 4,245,717.83 4,245,717.83 0.020%o 2.33 4,245,720.16 1 O LIBRARY ACCOUNT 1,014.05 1,014.05 0.000%. -1,014.05 1 0 UNION TRUST 262.365.02 262,365.02 0.000% 0.00 262.365.02 1 O LAIF WATER DISTRICT 35,510,000.00 35,510,000.00 0.270%. 266.33 35,510,266.33 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 35,907,000.00 35,907,000.00 0.270% 269.30 35,907,269.30 1 0 LAIF CITY OF CARLSBAD 26,610,000.00 26,610.000.00 0.270% 199.58 26,610,199.58 SUB-TOTAL 140,098,428.86 140,098,428.86 0.260% 1,012.86 140.099.441.72 GRAND TOTAL 621,135,428.86 628,173,065.85 1.010%. 26,144,955.34 654,318,021.19 EXHIBIT 8 CITY OF CARLSBAD Fund Equity in Pooled Investments AS OF AUGUST 31,2013 Cash Balance by Fund: General 76,113,126 Special Revenue 43,890,073 Debt Service 0 Capital Projects: General Capital Construction 47,025,099 Traffic Impact Fees 20,913,203 Public Facilities Fees 39,740,809 Park Development 4,272,642 Transnet Taxes 4,486,767 Drainage Fees 5,873,556 Special Districts 87,584,133 Infrastructure Replacement 84,404,507 Redevelopment (see Trust Funds) 0 Other Capital Construction 2,649,653 Total 296,950,369 Enterprise: Carisbad Municipal Water District 94,495,893 Sewer Fund 51,063,227 Solid Waste 7,229,784 Stormwater 3,671,243 Golf Course 131,352 Total 156,591,499 Internal Sen/ice 37,542,346 Agency Funds 14,057,812 Trust Funds 191,836 Total General Ledger Balance ** 625,337,062 Reconciling Adjustments (1) (665,300) Total Treasurer's Investment Portfolio at Amortized Cost 624,671,762 (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 09/09/13 EXHIBIT 9 CITY OF CARLSBAD INVESTMENT PORTFOLIO As of AUGUST 31,2013 CORPORATE NOTE AND COMMERCIAL PAPER RATINGS Corporate Note Investments Meeting the Current Investment Policy: (Ratings must be AA or better by two of the three: Moody's S&P or Fitch) Moodv's S&P Fltch BERKSHIRE HATHAWAY AA2 AA+ A+ COCA COLA AA3 AA-A+ GENERAL ELECTRIC COMPANY AA3 AA+ NR GOOGLE INC AA2 AA NR HSBC BANK USA Al AA-AA- IBM CORP AA3 AA-A+ JOHNSON & JOHNSON AAA AAA AAA MASS MUTUAL GLOBAL AA2 AA+ AA+ MET LIFE GLOBAL AA3 AA-AA- MICROSOFT AAA AAA AA+ NEW YORK LIFE AAA AA+ AAA PROCTER & GAMBLE AA3 AA-NR PROVIDENCE HEALTH AA2 AA AA ROYAL BANK OF CANADA AA3 AA-AA SHELL INTERNATIONAL AA1 AA AA TOYOTA AA3 AA-A WAL-MART AA2 AA AA WESTPAC BANKING CORP AA2 AA-AA- Commercial Paper Investments Meeting the Current Investment Policy: (Ratings must be A1/P1 or better by two of the three: Moody's, S&P or Fitch) (Ratings of other debt must be AA or better by two of the three: Moody's, S&P or Fitch) NONE Investments with Subsequent Changes In Credit Rating * Moodv's S&P Fitch BARCLAYS BANK A2 A+ NR GENERAL ELECTRIC Al AA+ NR MERCK Al AA A+ Latest Carrying Market l/laturltv Dat< Value Value 12/15/2015 2,000,000 2,034,660 05/09/2016 19,394,638 19,670,204 06/30/2015 5,244,187 5,300,250 * 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 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 3.73% COCA COLA CO 4,133,106.35 0.66% GENERAL ELECTRIC CAP 19,390,658.05 3.09%. 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 1.37% JOHNSON & JOHNSON 2,104,120.00 0.33%. MASS MUTUAL 3,607,914.95 0.57%, MERCK & CO 5,498,750.00 0.88%) MET LIFE GLOBAL FUND 19,221,511.93 3.06%, MICROSOFT 2,072,820.00 0.33%. NEW YORK LIFE 8,691,145.24 1.38% 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% SHELL INTERNATIONAL FIN 5,384,350.00 0.86% TOYOTA 5,023,645.00 0.80% WAL-MART 16,632,709.55 2.65% WESTPAC BANKING CORP 5,000,000.00 0.80%) PERCENTAGE WEIGHTINGS BY FEDERAL AGENCY ISSUER Investment Cost Percent of Portfolio** FAMCA 15,016,370.00 2.39%. FICO 1,027,655.32 0.16%, FEDERAL FARM CREDIT BANK 46,848,603.15 7.46% FEDERAL HOME LOAN BANK 97,223,849.01 15.48%. FEDERAL HOME LOAN MORTGAGE CORP 48,134,746.00 7.66%, FEDERAL NATIONAL MORTGAGE ASSOC 90,139,191.03 14.35% TVA 4,099,415.64 0.65%) U.S.TREASURY 1,030,781.25 0.16%, Total Portfolio $628,173,065.85 * No more than 5%, may be invested with a single corporate issuer. **There are no percentage limits on federal agency issuers. /7