HomeMy WebLinkAbout2014-02-25; City Council; 21513; Report on City Investments as of January 31, 2014CITY OF CARLSBAD - AGENDA BILL
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2/25/14
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REPORT ON CITY INVESTMENTS
AS OF JANUARY 31, 2014
DEPT. HEAD
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 quarterly report is also required for
the investments of bond proceeds held separately. The City's pooled investment portfolio as of
the month ended January 31, 2014 is summarized below.
Pooled Investment Portfolio (Cash and Securities)
Current Month Prior Month
Par Value 644,214,312 629,529,629
Cost of Investments 649,960,548 635,486,756
Amortized Cost (1) 646,633,118 632,230,466
Market Value (2) 647,526,088 630,954,308
(1) The cost of investments adjusted for amortized premiums and discounts.
(2) The amount at which the investments could be sold. Source of market values is Union Bank
of California's custodial report as of 1/30/14.
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.
The increase between the December 2013 and January 2014 reports of approximately $16 million
is due to the receipt of property taxes totaling $10.7 million, sales tax in lieu in the amount of $3.8
million and vehicle in lieu receipts of $3.9 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WITHDRAWN • OTHER ~ SEE MINUTES •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 •
DEPARTMENT CONTACT: Nancy Sullivan (760) 602-2473 Nancv.Sullivan@carlsbadca.gov
PAGE 2 OF AB REPORT ON CITY INVESTMENTS AS OF JANUARY 31. 2014
FUND EQUITY IN POOLED INVESTMENTS
(Dollar Amounts in Millions)
Special Revenue General $39 $45
Internal Service $37
Agency/Trust $17
Enterprise $153
Capital Projects
$294
Total Treasurer's Investment Portfolio at Amortized Cost
January 31,2014 $646 million
Pooled Investment Interest Income
Current
Month FYTD
Prior
Month FYTD
Current Month
Income
Cash Income Fiscal
Year-to-Date * 5,034,638 4,219,412 815,226
"The cash income received is adjusted for any accrued interest purchased.
Pooled Investment Performance/Measurement
Average Life
(Years)
Average Yield
To Maturity Modified Duration
November 2013 2.24 1.026% 2.177
December 2013 2.24 1.038% 2.169
January 2014 2.26 1.057% 2.199
All pooled investments have been made in accordance with the City's Investment Policy adopted
January 2, 1985 and last revised November 19, 2013. 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. Third Quarter Transactions
7. Detailed Investment Report
8. Fund Equity in Pooled Investments
9. Corporate Note and Commercial Paper Ratings
10. Percentage Weightings By Corporate Note Issuer
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF JANUARY 31, 2014
BREAKDOWN BY AMORTIZED COST, MARKET VALUE, CASH INCOME, AND AVERAGE YIELD BY CLASS
Class
AMORTIZED COST
Current Month Prior Month
MARKET VALUE
Current Month Prior Month
Cash Income
Year to Date
AVERAGE YIELD
Current Month Prior Month
CD 15,559,968 15,559,549 15,562,653 15,540,227 85,646 0.91 0.91
FN 8,183,796 8,174,916 8,223,913 8,220,545 0 0.99 0.99
TR 1,975,958 1,975,374 1,969,380 1,957,960 20,625 0.85 0.85
FA 329,993,995 309,523,829 329,435,845 307,265,380 2,222,382 1.16 1.12
CN 169,875,090 173,462,169 171,289,985 174,435,567 2,450,121 1.46 1.46
LAIF 117,677,829 119,359,000 117,677,829 119,359,000 255,468 0.25 0.26
CUSTODY 108,425 352,171 108,425 352,171 6 0.00 0.00
SWEEP 2,524,980 2,691,539 2,524,980 2,691,539 389 0.02 0.02
BANKACCT 733,078 1,131,919 733,078 1,131,919 0 0.02 0.02
TOTALS $646,633,118 $632,230,466 $647,526,088 $630,954,307 5,034,638 1.06% 1.04%
CD - Certificate of Deposit FA - Federal Agency Custody - Investment Cash account
FN - Federal Discount Notes
TR - US Treasury
CN - Corporate Notes
LAIF - Local Agency Investment Fund
SWEEP - General Fund Overnight Cash acccount
Bank Account - General Fund Cash account M
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CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF JANUARY 31, 2014
BREAKDOWN OF MA TURITIES BY CLASSIFICA TION AND LENGTH OF TmE
CLASS WITHIN 6 MONTHS
CD
FN
TR
FA
CN
LAIF
CUSTODY
SWEEP
BANK ACCT _
TOTALS
% TOTALS
Total within One Year
995,000
5,461,604
0
9,279,440
11,945,312
117,677,829
108,425
2,524,980
733,078
$148,725,668 (1)
22.9%
7 MONTHS TO 1 YEAR
5,162,983
2,419,825
0
14,674,616
16,410,861
0
0
0
0^
$38,668,285 (1)
6.0%
$187,393,954 (1)
28.8%
1 TO 5 YEARS
9,395,869
0
1,974,620
307,102,353
144,093,753
0
0
0
0_
$462,566,595
71.2%
TOTAL % TOTAL
15,553,852
7,881,429
1,974,620
331,056,410
172,449,925
117,677,829
108,425
2,524,980
733,078
$649,960,548
100.0%
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.
2.4%
1.2%
0.3%
50.9%
26.5% (2)
18.1%
0.0%
0.4%
0.1%
100.0%
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6.75 6.50 6.25
4.25 4.00 3.75
YIELD COMPARISON
PORTFOLIO EX-LAIF VS. LAIF
JULY 1999 - JANUARY 2014
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MARKET YIELD CURVE
6/30/12,6/30/13, 1/31/14
Market Rates
3Mth 2 Yr 5 Yr
3Mth 2 Yr 5 Yr 10 Yr
—06/30/2012 .07 .25 0.62 1.45
06/30/2013 .03 .36 1.40 2.49
-••-01/31/2014 .02 .33 1.49 2.65
10 Yr
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Cumulative Cash Income
Cumulative
Millions $
FY13-14
(January 2014) Monthly Interest Income
Millions $
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Interest Income --^-Budget Actual YTD
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TRANSACTIONS FOR PERIOD:
01/01/14 TO 01/31/14 3rd QUARTER 2013-2014
Trans Investment Call Par Amount Return Investment
Date Date Type Securitv Date Value Coupon (Cost) Rate Interest Return
BUYS
JANUARY
01/14/2014 01/15/2014 FA FHLB 03/27/2014 1,450,000.00 0.625% STEP 1,442,025.00 1.200% 60,084.37 1,502,109.37
01/09/2014 01/30/2014 FA FHLB 04/30/2014 1,500,000.00 1.050% 1,500,000.00 1.050% 63,000.00 1,563,000.00
01/15/2014 01/23/2014 FA FFCB N/A 2,000,000.00 1.160% 1,995,000.00 1.229% 92,000.00 2,087,000.00
01/09/2013 01/30/2014 FA FHLMC 07/30/2014 2,000,000.00 1.550% 1,997,900.00 1.576% 126,100.00 2,124,000.00
01/14/2014 01/15/2014 FA FHLMC 01/30/2015 1,000,000.00 1.100% 980,870.00 1.538% 69,088.33 1,049,958.33
01/15/2014 01/16/2014 FA FFCB 01/23/2014 1,500,000.00 1.340% 1,474,500.00 1.718% 119,858.33 1.594,358.33
01/15/2014 01/16/2014 FA FHLMC 09/24/2014 2,250.000.00 1.200% 2,196,562.50 1.729% 180,037.50 2,376.600.00
01/07/2014 01/08/2014 FA FFCB 01/14/2014 1,750,000.00 1.250% 1.705,900.00 1.808% 147,641.67 1.853.541.67
01/14/2014 01/15/2014 FA FHLMC 11/20/2014 1,700,000.00 0.875% STEP 1.700.000.00 1.918% 158,802.43 1.858.802.43
01/07/2014 01/14/2014 FA FFCB 01/14/2015 3,000,000.00 1.920% 3,000,000.00 1.920% 288,000.00 3.288.000.00
01/15/2014 01/30/2014 FA FHLB 07/30/2014 2,500,000.00 0.5% STEP 2,500,000.00 2.067% 259,375.00 2.759.375.00
TOTAL THIRD QUARTER 2013-2014 20,650,000.00 20,492,757.50 1.660% 1,563,987.63 22.056.745.13
MATURITIES
JANUARY
07/18/2011 CN GENERAL ELECTRIC N/A 2,000,000.00 2.10% 2,037,760.00 1.320% 65,956.67 2,103.716.67
10/28/2011 CN METLIFE GLOBAL N/A 1,475,000.00 2.00% 1,490,888.40 1.500% 49,011.60 1,539,900.00
TOTAL THIRD QUARTER 2013-2014 3,475,000.00 3,528,648.40 1.396% 114,968.27 3,643,616.68
CALLS
JANUARY NONE
TOTAL THIRD QUARTER 2013-2014
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INVESTMENT REPORT
AS OF JANUARY 31,2014
ESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
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
12/24/2015 FA FFCB .350% CALL 3/24/14 CONT 2,000.000.00 1,999,000.00 0.375% 15,000.00 2,014,000.00 -
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
09/24/2013 FA FNMA 1.35% CALL 3/24/14 QRTLY 3,000,000.00 2,994,000.00 1.409% 147,750.00 3,141,750.00 1,277
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
09/12/2013 FA FFCB .95% NON-CALL 1,000,000.00 995,570.00 1.100% 33,009.17 1,028,579.17 1,099
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
10/17/2013 FA FFCB .83% CALL 10/17/14 Cont 2,000,000.00 1,999,000.00 0.840% 50,800.00 2,049,800.00 1,096
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
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
01/30/2014 FA FHLB 1.05% CALL 4/30/14 QRTLY 1.500.000.00 1,500,000.00 1.050% 63,000.00 1,563,000.00 1,096
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
11/27/2013 FA FNMA .875% CALL 6/27/14 QRTYLY 4,500,000.00 4,498,875.00 0.883% 132,375.00 4,631,250.00 1,216
09/06/2013 FA FHLMC .70% GALL 5/8/15 ONE TIME 5,000,000.00 4,855,000.00 1.515% 273,527.78 5,128,527.78 1,340
11/27/2013 FA FNMA 1.00% CALL 5/22/14 QRTLY 1,590,000.00 1,590,000.00 1.000% 55,429.17 1.645.429.17 1,272
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INVESTMENT REPORT
AS OF JANUARY 31,2014
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
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
10/10/2013 FA FHLMC 1.0% CALL 6/20/14 QRTLY 3,000,000.00 2.973,000.00 1.250% 137,833.33 3,110,833.33 1,349
01/15/2014 FA FHLB .625% CALL 3/27/14 QRTLY STEP 1,450,000.00 1,442,025.00 1.200% 60,084.37 1,502,109.37 1,259
10/30/2013 FA FNMA .075% CALL 12/28/13 QRTLY 2,000,000.00 1,978,600.00 1.049% 76,316.67 2,054,916.67 1,337
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
10/30/2013 FA FNMA .85% CALL 01/26/14 QRTLY STEP 1,500,000.00 1,499,625.00 1.383% 78.045.83 1,577,670.83 1,365
11/20/2013 FA FFCB .700% CALL 11/26/13 QRTLY 2,000,000.00 1,975,000.00 1.043% 77,072.22 2,052,072.22 1,358
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
09/18/2013 FA FFCB 1.70% CALL 9/18/14 CONT 3,000,000.00 3,000,000.00 1.700% 204.000.00 3,204,000.00 1,461
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
10/17/2013 FA FHLB 1.45% CALL 1/17/14 CONT 2,000,000.00 1.996.500.00 1.495% 119.500.00 2,116,000.00 1,461
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
01/23/2014 FA FFCB 1.160% NON-CALL 2,000,000.00 1,995,000.00 1.229% 92,000.00 2,087,000.00 1,369
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
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
12/27/2013 FA FHLMC .50% CALL 6/27/14 QRTLY STEP 3,000,000.00 3,000,000.00 2.400% 292,500.00 3,292,500.00 1,461
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
01/30/2014 FA FHLMC 1.55% CALL 7/30/14 QRTLY 2,000,000.00 1,997,900.00 1.576% 126,100.00 2,124,000.00 1,461
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
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
INVESTMENT REPORT
AS OF JANUARY 31,2014
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
01/15/2014 FA FHLMC 1.10% CALL 1/30/18 QRTLY 1,000,000.00 980,870.00 1.538% 69.088.33 1,049,958.33 1,657
01/16/2014 FA FFCB 1.34% CALL 1/23/14 CONT 1,500,000.00 1,474,500.00 1.718% 119,858.33 1,594,358.33 1,714
01/16/2014 FA FHLMC 1.20% CALL 9/24/14 ONE TIME 2,250,000.00 2,196,562.50 1.729% 180,037.50 2,376,600.00 1,712
01/08/2014 FA FFCB 1.250% CALL 1/14/14 CONT 1,750,000.00 1,705,900.00 1.808% 147,641.67 1,853,541.67 1,728
01/15/2014 FA FHLMC .875% CALL 11/20/14 ONE TIME STEP 1,700,000.00 1,700,000.00 1.918% 158,802.43 1,858,802.43 1,770
12/24/2013 FA FHLB 1.00% CALL 3/24/14 QRTLY STEP 2,500,000.00 2,497,500.00 2.115% 268,125.00 2,765,625.00 1,826
12/26/2013 FA FFCB 1.870% CALL 12/26/14 CONT 3,000,000.00 3,000,000.00 1.870% 280,500.00 3,280,500.00 1,826
12/27/2013 FA FHLMC 1.250% CALL 6/27/14 QRTLY STEP 3,000,000.00 3,000,000.00 1.839% 277,500.00 3,277,500.00 1,826
01/14/2014 FA FFCB 1.920% CALL 1/14/15 CONT 3,000,000.00 3,000,000.00 1.920% 288,000.00 3,288,000.00 1,826
01/30/2014 FA FHLB .50% CALL 7/30/14 ONE TIME STEP 2,500,000.00 2,500,000.00 2.067% 259,375.00 2,759,375.00 1,826
SUB-TOTAL 329,956,000.00 331,056,409.59 1.155% 17,274,329.91 348,330,739.50 -
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 8,233,000.00 7.881,428.99 0.989% 622,967.02 8.504.396.01 1,233
Federal Investments Total 338,189,000.00 338,937,838.58 17,897,296.93 356,835,135.51 1,233
11/22/2013 TR US TREASURY .50% 2,000,000.00 1,974,619.96 0.850% 62,282.21 2.036.902.17 1,347
SUB-TOTAL 2,000,000.00 1,974,619.96 0.850% 62,282.21 2.036.902.17 1,347
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
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
Hiir 04/17/2012 CN PROCTERS 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
INVESTMENT REPORT
AS OF JANUARY 31,2014
'ESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Davs)
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
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% NQN-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
09/13/2013 CN TOYOTA .80% NON-CALL 3,000,000.00 2,981,640.00 1.032% 82,626.67 3,064,266.67 977
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
09/10/2013 CN CHEVRON CORP .889% NON CALL 2,000,000.00 1,993,903.80 1.000% 55,682.64 2,049,586.44 1,018
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
12/24/2013 CN COCA COLA CA 1.650% MAKE-WHOLE CALL 3,500,000.00 3,491,856.17 1.700% 288,391.75 3,780,247.92 1,782
SUB-TOTAL 167.409.000.00 172,449,925.41 1.460% 10,372,324.83 182,822,250.24 1,475
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
INVESTMENT REPORT
AS OF JANUARY 31,2014
INVESTMENT
DATE TYPE SECURITY
06/20/2012 CD FIRST NATL BANK OMAHA NEB .70%
08/17/2011 CD AMERICAN EXPRES CENTURION BANK 1.20%
08/17/2011 CD CIT BANK 1.10%
08/17/2011 CD DISCOVER BANK 1.15%
08/17/2011 CD ALLY BANK 1.15%
08/17/2011 CD GE MONEY BANK 1.15%
08/19/2011 CD GE CAPITAL FINANCIAL INC 1.15%
08/24/2011 CD GOLDMAN SACHS BANK 1.15%
09/21/2011 CD TRANSPORTATION ALLIANCE BANK INC .75%
09/21/2012 CD CITIZENS STATE BANK .50%
09/23/2011 CD STATE BANK OF INDIA 1.30%
09/23/2011 CD BMW BANK OF NORTH AMERICA 1.35%
10/24/2012 CD INDEPENDENCE BANK OF KENTUCKY .50%
10/24/2012 CD APPLE BANK FOR SAVINGS .50%
03/14/2013 CD SUNTRUST BANK ATLANTA .28%
04/30/2012 CD STERLING SAVINGS BANK .75%
04/20/2012 CD PLUS INTERNATIONAL .85%
11 /30/2012 CD SYNOVUS BANK .5%
06/08/2012 CD HUNTINGTON NATL BANK .75%
01/11/2012 CD SALLIE MAE BANK 1.35%
01/11/2012 CD BARCLAYS BANK DELAWARE 1.25%
10/17/2012 CD FIRST STATE BANK/MENDOA .50%
02/06/2013 CD KEYBANK NATIONAL ASSOCIATION .45%
08/24/2012 CD BLC COMMUNITY BANK .50%
08/30/2012 CD TRIUMPH BANK .50%
05/09/2012 CD GEORGIA BANK & TRUST .70%
11/29/2012 CD UNITED BANKERS BANK .50%
01/23/2012 CD LCA BANK CORPORATION .85%
07/27/2012 CD FLUSHING SAVINGS BANK.75%
09/15/2011 CD BANK OF THE WEST 1.4%
10/17/2012 CD COMENITY CAP BANK SALT LAKE CITY .50%
11/07/2012 CD EAGLE BANK .60%
12/02/2011 CD MIDLAND STATES BANK 1.25%
01/25/2012 CD NATIONAL REPUBLIC BANK 1.0%
02/10/2012 CD CARDINAL BANK MCLEAN VA .90%
02/06/2013 CD ORIENTAL BANK & TRUST .90% CALL 8/6/13
08/24/2012 CD FIRST BUSINESS BANK .60%
10/22/2012 CD NATIONAL BANK OF COMMERCE .50%
05/04/2012 CD HERITAGE BANK OF COMMERCE .80%
05/18/2012 CD NORTH JERSEY COMMUNITY .85%
05/22/2012 CD STATE BANK & TRUST CO MACON, GA .80%
05/31/2012 CD CRESCENT BANK & TRUST .90%
08/15/2012 CD EVERBANK.90%
02/28/2012 CD MERCANTILE BANK OF MICHIGAN 1.15%
12/24/2012 CD DELTA NATL BANK & TRUST .90%
PAR INVESTED RETURN INVESTMENT TERM
VALUE AMOUNT RATE INTEREST RETURN (Davs)
249,000.00 249,000.00 0.700% 3,486.00 252,486.00 730
248,000.00 248,000.00 1.200% 8,887.23 256,887.23 1,090
248,000.00 248,000.00 1.100% 8,198.94 256.198.94 1,097
248,000.00 248,000.00 1.150% 8,571.62 256.571.62 1,097
248,000.00 248,000.00 1.150% 8,579.43 256.579.43 1,097
248,000.00 248,000.00 1.150% 8,563.81 256.563.81 1,098
248,000.00 248,000.00 1.150% 8,563.81 256.563.81 1,096
248,000.00 248,000.00 1.150% 8,571.62 256.571.62 1,097
249,000.00 249,000.00 0.750% 5,612.71 254.612.71 1,097
249,000.00 248,751.00 0.550% 2,742.46 251.493.46 731
248,000.00 248,000.00 1.300% 9,680.83 257,680.83 1,096
248,000.00 248,000.00 1.350% 10,053.17 258,053.17 1,096
249,000.00 248,751.00 0.500% 2,739.00 251,490.00 730
248,000.00 248,000.00 0.500% 2,480.00 250,480.00 730
200,000.00 198,780.00 0.640% 2,152.35 200,932.35 608
248,000.00 248,000.00 0.750% 4,749.36 252,749.36 932
249,000.00 249,000.00 0.850% 5,520.35 254,520.35 952
248,000.00 248,000.00 0.500% 2,473.11 250,473.11 728
248,000.00 248,000.00 0.750% 4,652.55 252,652.55 913
248,000.00 248,000.00 1.350% 9,869.73 257,869.73 1,076
248,000.00 248,000.00 1.250% 9,308.49 257,308.49 1,096
249,000.00 248,701.20 0.550% 3,636.09 252,337.29 825
248,000.00 248,000.00 0.450% 2,263.00 250,263.00 740
249,000.00 248,690.24 0.550% 3,427.40 252,117.64 914
249,000.00 249,000.00 0.500% 3,107.41 252,107.41 911
248,000.00 247,628.00 0.750% 5,589.51 253,217.51 1,097
249,000.00 248,676.30 0.550% 3,436.20 252,112.50 911
248,000.00 248,000.00 0.850% 7,375.11 255,375.11 1,277
248,000.00 247,628.00 0.800% 5,951.97 253,579.97 1,095
249,000.00 249,000.00 1.400% 13,943.96 262.943.96 1,460
249,000.00 248,601.60 0.550% 4,233.74 252,835.34 1,094
249,000.00 249,000.00 0.600% 4,490.30 253,490.30 1,097
249,000.00 249,000.00 1.250% 12,450.00 261,450.00 1,461
249,000.00 249,000.00 1.000% 9,966.87 258,966.87 1,461
249,000.00 249,000.00 0.900% 8,970.06 257,970.06 1,461
249,000.00 249,000.00 0.900% 6,735.45 255,735.45 1,097
248,000.00 247,578.40 0.600% 5,635.72 253,214.12 1,279
249,000.00 248,551.80 0.550% 4,791.87 253,343.67 1,274
249,000.00 248,004.00 0.900% 8,953.05 256,957.05 1,459
248,000.00 247,008.00 0.950% 9,429.77 256,437.77 1,461
249,000.00 248,004.00 0.900% 8,974.88 256,978.88 1,462
249,000.00 248,502.00 0.950% 9,468.06 257,970.06 1,461
248,000.00 247,008.00 0.900% 9,926.11 256,934.11 1,461
248,000.00 247,380.00 1.150% 14,895.62 262,275.62 1,827
249,000.00 248,377.50 0.952% 11,624.88 260,002.38 1,792
INVESTMENT REPORT
AS OF JANUARY 31,2014
INVESTMENT PAR INVESTED RETURN
DATE TYPE SECURITY VALUE AMOUNT RATE
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 15,572,000.00 15,553,851.74 0.909%
0 WELLS FARGO BANK 732,557.00 732,557.00 0.020%
O CORPORATE CASH MANAGEMENT ACCOUNT 2,524,980.28 2,524,980.28 0.020%
0 LIBRARY ACCOUNT 520.94 520.94 0.000%
0 UNION TRUST 108,424.85 108,424.85 0.000%
0 LAIF WATER DISTRICT 23,777,926.05 23,777,926.05 0.250%
0 LAIF PUBLIC IMPROVEMENT CORPORATION 29,478,114.92 29,478,114.92 0.250%
O LAIF PUBLIC FINANCING CORPORATION 28,993,788.31 28,993,788.31 0.250%
0 LAIF CITY OF CARLSBAD 35,428,000.00 35,428,000.00 0.250%
SUB-TOTAL 121,044,312.35 121,044,312.35 0.244%
GRAND TOTAL 644,214,312.35 649,960,548.04 1.057%
INTEREST
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
INVESTMENT
RETURN
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
518,387.71 16,072,239.45
0 40 732,557 40
1 38 2,524,981 66
520 94
0 00 108,424 85
165 12 23,778,091 17
204 71 29,478,319 63
201 35 28,993,989 66
246 03 35,428,246 03
818 99 121,045,131 34
,110 67 678,811,658 71
TERM
(Days)
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
1,272
EXHIBIT 8
CITY OF CARLSBAD
Fund Equity in Pooled investments
AS OF JANUARY 31,2014
Cash Balance by Fund:
General 89,487,772
Special Revenue 45,624,456
Debt Service 0
Capital Projects:
General Capital Construction 44,372,337
Traffic Impact Fees 20,845,014
Public Facilities Fees 36,115,075
Park Development 4,417,511
Transnet Taxes 5,835,493
Drainage Fees 5,905,513
Special Districts 89,818,017
Infrastructure Replacement 84,018,695
Redevelopment (see Trust Funds) 0
Other Capital Construction 2,678,851
Total 294,006,507
Enterprise:
Carlsbad Municipal Water District 99,954,471
Sewer Fund 52,058,113
Solid Waste 7,325,656
Storm Water 3,920,481
Golf Course 24,746
Total 163,283,467
Internal Service 36,823,698
Agency Funds 16,364,663
Trust Funds 423,331
Total General Ledger Balance'''' 646,013,893
Reconciling Adjustments (1) 619,226
Total Treasurer's Investment Portfolio at Amortized Cost 646,633,118
(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 checl^s 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 aiso be a component of the adjustment.
** Figures based on best estimate at the time report run on 2/06/14
75'
EXHIBIT 9
CITY OF CARLSBAD INVESTMENT PORTFOLIO
As of JANUARY 31, 2014
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 Fitch
BERKSHIRE HATHAWAY AA2 AA+ A+
CHEVRON AA1 AA NR
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
Maturitv Date Value Value
12/15/2015 2,000,000 2,030,420
05/09/2016 17,398,958 17,688,890
06/30/2015 5,188,606 5,247,200
* 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 JANUARY 31, 2014
WEIGHTINGS FOR CORPORATE AND FEDERAL AGENCY ISSUERS
PERCENTAGE WEIGHTINGS BY CORPORATE NOTE ISSUER
Investment Cost Percent of Portfolio*
BARCLAYS BANK 2,000,000.00 0.31%
BERKSHIRE HATHAWAY 23,416,919.14 3.60%
CHEVRON 1,993,903.80 0.31%
COCA COLA CO 7,624,962.52 1.17%
GENERAL ELECTRIC CAP 17,352,898.05 2.67%
GENERAL ELECTRIC COMPANY 8,032,665.00 1.24%
GOOGLE 1,050,940.00 0.16%
HSBC BANK USA 10,000,000.00 1.54%
IBM CORP 8,581,305.00 1.32%
JOHNSONS JOHNSON 2,104,120.00 0.32%
MASS MUTUAL 3,607,914.95 0.56%
MERCK & CO 5,498,750.00 0.85%
MET LIFE GLOBAL FUND 17,730,623.53 2.73%
MICROSOFT 2,072,820.00 0.32%
NEW YORK LIFE 8,691,145.24 1.34%
PROTER & GAMBLE 13,392,464.17 2.06%
PROVIDENCE HEALTH 2,237,929.50 0.34%
ROYAL BANK OF CANADA 2,038,220.00 0.31%
SHELL INTERNATIONAL FIN 5,384,350.00 0.83%
TOYOTA 8,005,285.00 1.23%
WAL-MART 16,632,709.55 2.56%
WESTPAC BANKING CORP 5.000,000.00 0.77%
PERCENTAGE WEIGHTINGS BY FEDERAL AGENCY ISSUER
Investment Cost Percent of Portfolio**
FAMCA 15,016,370.00 2.31%
FICO 1,027,655.32 0.16%
FEDERAL FARM CREDIT BANK 59,689,820.79 9.18%
FEDERAL HOME LOAN BANK 99,949,102.92 15.38%
FEDERAL HOME LOAN MORTGAGE CORP 65,615,748.50 10.10%
FEDERAL NATIONAL MORTGAGE ASSOC 97,639,141.04 15.02%
TVA -0.00%
U.S.TREASURY 1,974,619.96 0.30%
Total Portfolio $649,960,548.04
No more than 5% may be invested with a single corporate issuer.
*There are no percentage limits on federal agency issuers. 17