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HomeMy WebLinkAbout2014-06-24; City Council; 21660; Report on City Investments May 31, 201417 CITY OF CARLSBAD - AGENDA BILL AB# 21.660 REPORT ON CITY INVESTMENTS DEPT. HEAD /^A MTG. 6/24/14 AS OF MAY 31, 2014 CITY ATTY. ' DEPT. TRS CITY MGR. iSf) RECOH/IMENDED 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 May 31, 2014 is summarized below. Pooled Investment Portfolio (Cash and Securities) Current Month Prior Month Par Value 657,545,592 644,650,261 Cost of Investments 663,092,186 650,248,917 Amortized Cost (1) 659,502,014 646,675,990 Market Value (2) 661,031,752 647,131,083 (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 5/31/14. 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 net increase between the April 2014 and May 2014 reports of approximately $14 million is due to the receipt of property taxes totaling $9 million, sales tax in lieu in the amount of $3.8 million and vehicle in lieu receipts of $3.9 million. DEPARTMENT CONTACT: Nancy Sullivan (760) 602-2473 Nancv.SullivanOjcarlsbadca.aov COUNCIL ACTION: FOR CITY CLERKS USE ONLY. APPROVED DENIED • CONTINUED • WITHDRAWN • AMENDED • CONTINUED TO DATE SPECIFIC • CONTINUED TO DATE UNKNOWN • RETURNED TO STAFF • OTHER - SEE MINUTES • PAGE 2 OF AB REPORT ON CITY INVESTMENTS AS OF Mav 31. 2014 FUND EQUITY IN POOLED INVESTMENTS (Dollar Amounts in Millions) „ Special Revenue General $105 $45 Internal Service $36 Agency/Trust $19 Enterprise $154 Capital Projects $289 Total Treasurer's Investment Portfolio at Amortized Cost May 31,2014 $659 million Pooled Investment Interest Income Current Month FYTD Prior Month FYTD Current Month Income Cash Income Fiscal Year-to-Date * 7,276,933 6,822,287 457,646 *The cash income received is adjusted for any accrued interest purchased. Pooled Investment Performance/Measurement Average Life (Years) Average Yield To Maturity Modified Duration March 2014 2.18 1.071% 2.109 April 2014 2.16 1.078% 2.091 May 2014 2.13 1.079% 2.071 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. Fourth Quarter Transactions 7. Detailed Investment Report 8. Fund Equity in Pooled Investments 9. Corporate Note and Commercial Paper Ratings 10. Percentage Weightings By Corporate Note Issuer EXHIBIT 1 o o u. I- 0^ O CL UJ I- (0 CO ^ >- Q < m -J < O CO < o t o eo CO o >. OQ Q LU O § i o o a: CO 2 s % I CO O O o >- CQ I O § CQ c o UJ >- UJ O Ul o S 3 o O Q c o « ® O >• Ul n H UJ < 3 o w o o o UJ N K- o 3 o (0 »> re O o o CO d O) in Q O o d CO 00 CN o o CN o CK CD CO CN CO CM T-^ CD V-' CO CO CN CD O O CD CN O 1X5 CO m o CN CO CO in CO O) o o o" lo" o" co" CN CM CD CM CM in CO co" co' o CN CO 00 m CO O CM oo O o oo 00 CO o CO in C3> oo" O) o" T—" o" co" CD CN 00 00 CJ> CD in CM cn CN CN in" oo" oo" co" CJ)" CM CO T— CO X— 00 CO CO O) o h-" o 00 o o T— o in o in 00 CO o o CM" o" •*" o" CM in o CO CO o 00 m" t^" m" CN" co" T— CO CD CN CO T— CM CD CN 00 CN o 00 t-~-CD o o in o CD CJ) o CM" CM" oo" r^" m" o" T— 00 CO O) n "sr 00 m" t^" CJ) co" CO CD CN CO T— CM CO CJ) CJ) co" ca < u. § 3 >-Q O H CO O Q. m LU CO m o CM CD" CD CM CJ) m m o h-" oo" O) 00 CO o co" CD CO 00 CN in o CO in CD O) o in X— oo CJ) o CN O CN T— O) oo" m" V-" oo" co" r^" CD" CD O 00 CJ) CD CO o m CM CJ) CJ) o CM in" oo" •^" oo" in" CT>" •^" CM CD T~ CO T— in o oo" 00 O O < < OQ 00 o 00 o CO CO CJ) CD" r- CM h-" CN OO o CO r^" CD o CJ) CJ) in" CO CD" •<»• CO CM o m CJ) m CO (0 _l O 3 O u o Si m U c 3 o o u (33 J3 J= > 3 o U -a 73 g § g -g O 5: u B O c 3 o o u < S W 3 ^ (3 u CA) m Ofl O B-o U I 2 U a> I < T3 C 3 c > u C o Ofl < "3 o O J < o o a. Q u 0) U I Q U CO H I ai H 3 EXHIBIT 2 < O O 00 00 o so (N —' o 2 o o O o o o CS o III* H o H < O CQ tzi U b O > s 1 I I i 1 I i H O H < O CC < O H c« X E-Z O (N o m 00 o 00^ (> o_ r^r o" o V-l 00 o OS oo_^ CN 00^ o' vo" so tN OO so_ OO" — o oo" o o o" o o tN SO so CJs >o 00 O o_ — d r-" oo" <N o OS 00 OS [~~ rn rn so so 00 (N m •* >r{ rf rn 00 rl-OS rn rr Tf" Os" r--" 1—1 m m so so o rf OO m CJs m o" rr OS d ^-^ ^-.^ 00 fN in o ro 00 OS o" oo" rr Ov rt VO_^ rn (N <N Ov 6<J &<» o o d o <N" (N 6^ -a 00 c <- B ^ h g 8 3 C O •- o «i -o ^ >1 - <U O .£ t lc o •i= o. *i o rt rn B I § 2 o o a H z o (Zl < U (N 00 (N rf OS rf 00_^ so" o "/^ (N Ov Q Z ta, ai < tu r- fN t-~-" 00 o o o_ d" OS 00 vo" (N z u < fN rr o O D U so rr Ov >n r~-" oo" Ov 00 rn U O <C z < ffl rr rr rr oo" in (N Ov" so iZl < O E- < O 03 >- c o o oo ^ t~- o d <= 13 •£ S i/i « >. — .a z y o 0. EXHIBIT 3 O Pi O u Q 0-1 l-H < J rt > CN o ^ o 2 o moioou)oiooioomou>oiooioomoiootoou>ou>o V t>-iArsic>h-incsot><^u>CMc>t^iqc>jpi^i^ EXHIBIT 4 S-i O lo 00 ^. ^ ^ ^ (N (N rsj o ^ vo ^ wo • • • O r-H r-H in ^ 00 Osj m m m cn ooo CM CO O O o CNI o o CO CO CO uS t i EXHIBIT 5 a o O in a ative ative c 3 B • 1—4 u 3 CO < (0 n 0) (0 o O > o o O a o (0 O) < o >- 15 O < + D) •o CD 0 E o o 0) 0 D OOOOh-COlO^COCMr-O EXHIBIT 6 Is o o o o d in m CM r-" rf rr r- •<- CO o o o o d d m o o rf eo" csl O Cvl CO CVJ CSI Cvl o m Cvl O 1^ c» d od d O CD lO O •^^ CJ) lo" ui r--." N- r-- CO o o cvT co" co" o o 5 CO o) in o o O) CO o d iri cb cd r^ CO O CM O CO rr rr 0_ r- in CO_ CO o" co" co" co" rf h-" O CN rr •>»• Cvl CO CD •<- CO CO •<- co" •r-" CM" Cvl" CM" rf 00 <o rr o> n ai CO CM u> CO O CN o rr oo CD CO CO CD m m m CO CO oo 00 1^ C>J CO o o CD O o> O Is. o O O CO OO o o O O ,726 ,510 ,344 ,333 ,755 ,503 ,458, ,145. csi o 00 d rr CD d 00 rr cvi •<f O CvJ rr CVJ CO CO If) Cvl d 1^ CD d o o d o o ,054 ,666 ,124 ,737 ,158 rr U) C>J ,316 CO (B 237, ,705, 252, 254, 251, 630, 513, 577, 563, 300, Cvl Cvl Cvl CO ro" CSJ .— T- N rf r-" in CO CO ui cn CO IO o> 4-1 R} cc ^ o E < o o o o o in rsl O O O O O CO d in d d d od cd o r-~ m o o o CM in rr o_ o_ o 1- cvf CD" rf co" m" co" h-" rr i-~ 1^ csi r- 1- CSJ Csl ..w ^JJ vP SP SP NP ^ ^ ^ ^ ^- O O Cvl CD O m CM m 1- rr 1^ CO T- CM •<- 00 oo r^ vr^ Cvi Cvi d d o o o o d d m ID CSI Cvl CJ) oo" CJ) O) O) T- o o o o d d o o o o d d o o o o CvJ CvJ CSJ C-J ooo ooo d d O CD Cvl O rr CO o" c>i" d o o moo cvl" CO co" o o CD o CJ) m o o o 1^ d iri O) cvyi cd o CM m CM rr 0_ T- -r- co_ co_ o" CJ)" o' IV." o)" r--." o CJ) rr m CD iv CO 1- 1- CM CO O O O O CO o o) o CO m rr T-cj) m in CM o r-' r^ r^ T-' eg CM O O O O d d o o o o 9 •*" O CM o m oo CO o o ••-0)0 0 I--: d d d • •<- o o o o od" m" m" o" o V- m o in CO CM" CSI" CM" CO" IO in IA IO 00 CO CSI T— CO IO •* 00 CO eo CO ci CO o in CD CO CD m rsl CO 00 O O CD o o c> CO CO in m CO oo 1^ CJ) O O) o d .— d od in cd iri csi Cvi d csi CO CO 1^ OO m CD O CO CD 00 CJ) oo O Cvl CO CJ) CO O m m o CO CJ) O rr Cvl CJ)" Cvj" d Cvj" in" m" o" .— o CO m ro CO OO O) O) m o CO CD oo v^ CO CD tfs sP ..P ..P c5^ o O O O O O CO m m OOOO csl in O O CO O CD O) o o o o m 00 CJ) CO Cvl .— .— CO m o CJ) r-- o CD d .— T— r-' cd T— Cvi Cvi Cvi r^ d r^ d O IV O CO d d rr ro rv 1^ rf co" oo o in eg o ro o in iri in fv CD Cvl rv" m" eg rr O CD r-" eg" o o o o d d O) o o ro" d 2 o CM eg o m o cd d csl oo rr rr d T- ro o eg co" ro" o eg o rv d CM rr oo m eg" m" rv eg o CD ooo ooo d d d ooo o o o d d od ^ N- rr CM eg CM O CO o o CO o oo o o 00 d iri d d 10 o rr o o "* eg o o o CM m" 00 co" o" <S CD rv CD o o CO ro eo CO o> d rv 00 eo' vP sP IO o CO o o o> CD 00 in o CO q Cvl CO Cvl *<— .— o o o o o o o o o o iri iri d d d eg eg o o IO CJ) CD o o U) N." d o" o" rr CJ) o o T— rr m o •*" X— T-" m" eg" c o Q 3 O o a. « vP ^ NP QN OOO in o in CO eg r- 2j Rl vP ..^ i_ LU 5^- ^ H in o W ! T- 1^ T- CO ° rv o <° q O "T- LU SS LU UJ h- m in o I- H W CM O CO CO oq CD CD .„ „ O O O O o o o o o o o o o o o o o o o o o o o o o o o o ,000 d o o d o o d o o d o o d o o d o o d o o d o o d o o d o o d o o d o o d o o ,000 o" m CM o" o o oooo oooo o m o o d o o o" o in o" o o d o m m o IV in CO IV IO" rv 00 CO CM" eg" CM CM ro CO CO eg" eg" eg p) ci CO 1- < O _i tfs ps o^ ps ps LL m o O o O o in o m o o o rv o o CO O o 1^ m eg o o m S^-00 o eg .— X— m CO CJ) rv o CD 00 Cvi d cd rd r.^ eg Cvi d d d rr T— o o o o o O o o o o o o o o o o o o O o o o o o o o d d d d d d o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o" o" d d o" d o" d o" o" d d 00 o o 1^ o O rr o o o o rr rr rr o in o m o_ eg o o o in eg CM eg eg" eg" eg" r-" co" PO" eg" .— o o d o o |v IO CL LU I Np l7 o^ O CO O m u) IV o •r^ lO 00 d ooo OOO d d d OOO OOO o" o" o" moo m m M-" r-" v-" o o eg o o d o o o" o o o o d o o d IO ;i rr t rr N- )^ o o o o ^ ^ sc! JM eg eg eg 5 < J T- oo o Z 2 CSI CM eg ro rr o o ^ ^ < < CSI CM z z z z o CM o o z z <: <: s: <: ^ ^ ^ $ ^ < < z z z z z z z rr rr ooo CM eg CM fs S o r- eg CO o o CO o eg o CSI BC Ili I-oc < o X I- Q. Q to QC ° O Ui I c E £1 « Ql > c CQ CQ CQ o] m m >-cc Z) CO < UJ cc X X X X I X CO U. LL UL U. U. LL ^ <<<<<<< LL LL U. LL LL U. LL M- rr rr N" ^r rr rv oo CO o> o m m r; ^ eg eg CO CM CM S S 3 ^ ^ ^ ^ o o O o o o o CQ < < CQ m CQ _i 2 2 o -J —' X z z u. X X LL LL LL LL LL LL <<<<<< U. U. U. U. U. U. rr •vt rr N- CM eg in S ?^ CM o g g eg m m m i?) m in o o o o o o Jrrrrrrrrrrrr rrrrrrrrrrrr 5: t 5 TT ^ $ $ I- oSco'^'j^'5'i='?c^- 'Q'SOOOOOO o 2 = £i!99£2i:55v.<Mooo^-S 3o55SSS23:SSrf5^5min3 j^oooooooS ~ ~ 10 < S CM I CO o CM OC Ul t-oc < o X I-oc 3 o o CO UJ t S < < CQ -I OH IJ CO H CO .UJ < O O eg T- 3 is 5 £M eg o T- I- I- S Q: Q: CQ < < < O-li-li^ < u. § § O Z Z Z Q u- O O O T- T- o) eg r; T- g X-00 rv (3) c5 r^ CM eg T- T- m If) ^ oooo >-< ^ o O I- I- -J _l z OQ OQ DC i-l ^ ic: UJ U. U. S S LL OQ CO < < Z Z Q Q Q LL u. o o o o o o CJ) o T- eg eg eg T- O ^ T- T- X- T- rr O O fs O S CO eg CM eg 5 eg T- T-ro o m o cB ^ S o T- o X- o o o UJ z ZD O CM O CM OC Ul t-ac < o oc o o I- CQ < CQ -I S -I X z X LL LL LL < < < u. u. u. CO CO rr Fs 3 o ^ ro CO rv o o •>- o CO ro -I o CM o CO if) o OT _l o O) CJ) H 5 C! S 3 ¥ CD o ^ < 0. o o S o < s oc Ul I- Q: < o oc 3 o o EXHIBIT 7 CMM-QT-cocoeo^voororvcDCDOoomoorroorvcDcj)p)rvcDCj>OT-T-os-ocDocMmcj)Cj)rvmivoocD rr-^-ocgcO'^o)ivmoooegcMcoooo)mcDrvegcj>cj)CDegej)T-oocDCD'<tcomT-rrrvcDrrmcocgoomeg mrvcDrrcDCDOT-omcDooooivegoop)CMooooroooOM-cgrrrrcorrocMrocsji-~cocgp)ooi-cooo UJ m LU > OC OC Ul UJ oc oc o UJ Ml O II UJ oc 3 rr CO CO o o rv o CJ) o CO o o o o eg O p) o o o o IV o O o p) o rv o CO o m o 00 rv |v. CO rv |v CO o CM o CO 00 CO o o CO o 00 o CO o o o o CM O p) m o o o o O o m o cp o CO o rv o rv CO CO p) CD rv o CM o d m d d d d d d d d d d d d csi d d Cvi d d d d d d d d d d d d d d iv; d d d d d r^ d Cvi d m •>t o o o CO o CO m CO o o o o eg o CO o o o rv o O o CO o (J) o p) o CO m eg eg CO CO o .— rv m rv o rr rv o o CO o IV |v CO o o o o eg o CO P) m o rr m o o CO eg m eg o CO o rr eg m rr CO O) 00 rv o o d d d o" d d d d d d d o" o" rf eg" o" ^-" o" o" d d eg" m" d d |v" eg" o" d CM" m" ^ d m" d o" eg" rf d TT" CM" o T— eg CM CO CO rv 00 rv rv rv o m T— oo CO m eg CO m CD CM eg eg oo CJ) IV rv rv 00 CM CO o m |v m m CO CD |v rr eg o o o .— T— eg o eg o o rr o eg o o_ CO o CO o o o o o CO cp m_ o eg O o eg co" ro" co" eg" CM" eg" m" m" m" eg" CN CM" eg" eg" rf m" m" m" eg" •*" T— rf m" eg" eg" m" m" d M-" d d rf m" •vf d eg" rf CM" CM" m" eg CO eg o o rv o O) o CO O o o o CM o CO CO o o o rv o o o p) o |v o CO o m o 00 |v rv CO |v |v CO O eg o CO CO O) o o 00 o CO o p) O o o o eg o p) CO o o o o o o o o cp o CO o IV o IV ^— CO CO P) CO IV O eg o m eg d d m d d d d d d d d csi d d •vf d d d d d d d m d d d d d m |v d d d •vf d |v d csi d ro (0 m o CD o CO m p) O o o o eg m p) ro m o o o 00 o o o o CJ) o CO o o tv CM eg CO CO ob rv m |v o o CD_ o o eg o IV eg p) o o o_ o CD eg CO o eg o o o CD o CO CO o CM o CO m o CO m rr 00 o CO CO rv o o o" T— d o" rv" eg" d d d •*" d o" X— m" m" T— h~" m" T-o" •^" d d m" o" h-" o" eg" o" d d d eg" d m" d |v" o" d d •^" |v" o o CO Cvl eg CO eg rv 00 CD IV fv o m T— O) CD m ro 0) m ob CO o eg m m CJ) CJ) |v 1^ rv ro rv m CO CO CD rv rv IV m co CO CO eg eg CM r— eg p) eg ^— CD CM CM p^ p*^ ^ p^ o^ p^. p^ p^ p-p^ p^ p^ P^ p^ p^ ^ p^ •-S p^ P^ p^ vP p^ &•. 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T— o o T— |v CO o& o o CM o o o CO o •* m m o o r- •* 00 o 1^ m o rr o m o CO m CO in rr •<t m m •<r o o o in CO CO rr m |v m m rv IV CO 00 CO m m CO m CO oo 00 m q 00 eg eg q •f— q q Cvi cvg Cvi T-Cvi eg d d d eg Cvi csi d d d d d d Cvi d d d d d d d d d d d eg o T— o o O o o o o o o o o o o o |v o o o o o o o o o o o o O o o o o o o o o o o o o m o rr o o 00 o o o o o o o o o o o o o o o o o o m o o o o O o o o o o o o o o o o o cd d m d d d d d d d d d d d d d d d d d d d d d d d d d d d d d m d d d d m d d d d d eg CO m o CO o o o o o o o o o o m o rv m o o rv CM o o CO o o o o o CO 1^ o o o o eg o o o o o rr rr eg o CJ) rr o o m_ o o o o o CD |v o CM eg o m CO o o •<r m o o o m •* 00 o o o o o CO o o o o d rf m" o" 1— |v" o" o" T—" d o" o" d d d d o" m" d o" m" eg" o" d m" |v" o" o" o" d CM" d m" o' o" d eg" d o" o" m" o" T— CO CJ) o CO rr o o T— O) o o O) CJ) 00 CJ) o CO CJ) o 00 CJ) o o CJ) CD O) o o o O) o 0) m O) o IV rr IV o o rv o o eg CO o eg o o o o O) o o CJ)_ CJ) 0) o eg CJ) o CJ) 0) o o CJ) eg 0) o o o O) o rr CO m o 0) O) o o o co" d d eg" CM" eg" m" m" m" T" eg" eg" rf rf •vf m" rf eg" d •*" m" CM" •«f m" d rf eg" d •*" •*" T-•<f eg" .— rf eg" m" o o o o o o o o o o o o o o O O o o o o o o o o o o o o o O o o o o o o o o o O o o o o o o o o o o o o o o o o o O O o o o o o o o o o o o o o O o o o o o o o o o O o o o d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d o o o o o o o o o o o o o o O o o o o o o o o o o o o o o O o o o o o o o o o o o o o o o o o o o o o o o o o o o O o o o o o o o o o o o o o o O o o o o o o o o o o o o o o" o" o" o" o" o" o" o" o" o" o" o" o" o" o" d o" o" d d o" o" o" o" o" d o" o" o" o" o" d d o" o" o" o" o" o" o" o" o" o" o o o o o o o o o o o o o o O o o o o o o o o o o CO o o o o o o o o O) o o m o o o o o o o o o o o o o o o o o o o O o o o o o o o_ o o o CM o o o o o o m o m o o rr o o o o o co" co" d eg" eg" eg" m" m" m" eg" CM" eg" eg" eg" rf m" rf m" m" eg" •*" T— rf m" eg" CM" m" m" d •*" d d M-" m" T-" rf d T-" CM" rf CM' eg" m" d s5 9 =i z < o o |v. m CO Cvi rr CQ CQ LL < O I z o z pv o m p) OQ OQ :^ ^ X u. 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OT Z 5 CD ^ O u5 O OT OT != ffl CD 00 < o vP p^ o I- OT 3 CC < < ffl ffl < < < i < ==1 O h- oa )t OT OT Ul z OT 3 ffl £ y CO < a: cc o O o QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ ooooooooooooooooooooooooooooooooooooooo QQQQQQQQQQQ UJ s I-OT UJ > P) o eg UJ •vt 1-SM < eg o rvrvrvrvrvo)^vvr-T-cop)rrrrrr _ o . _ . r;r^£MT^T;^T;;j;v-CM£MSM£gCMCMCM CDrrcDOOOOCOCOCOCOOOCDCDCDO)So £^E^52£;!5^£!!E^^J!^?^i?2?^J?:^?^?v!CMCM^v-cMegT-cMegcoeg o CM t SM oooooooooooooooooooooooooooooooooooooo £^C^egcMSM£MC^egcMSMSMC^egsM£M£M£^ ooo SP eg p) CO •vt •* T- 1- Sg eg rr o eg p) 00 CO •<- CD CD CO In CJ d C! rv O 1- eg m o CM CJ i; 1- T- eg 13 i rro)T-cgT-^<-rvegp)ocococDCDCDCDCDcgcDCDmcDCD tvmcococDcocMCDCDcgT-egcgcMCMegcgcDegcMegcMCM CMrrrr^vtrtrtOOrvrvoOCOCOOOCOCOOOCOIvoOCOCOOOOO CO eg UJ <" ill UJ Ul > oc rv m IV 00 CD CM 00 CO CD OO O o o O o o CO O o m o o o CO o CO o CO o rv oo o T— CO CO m •K— rv. m o o O o o eg O o m m o O) •vr m CM CO d |v r^ d d •>f m csi d m ^— csi d d d m d d m d d IV m m rr eg m rr m CO tv rv CO |v o o CD 00 CD m m m o m rr o m IV eg o CO m IV. eg •^ p) 0) •* CD O) CD eg o o m_ q m •<t eg rt tv eg •*. IV oo eg tv o p) d d d d rv" d eg" d o" T— .r-rf T-" T—" o" d o" T-' d o' o' tv' d d m m m m m m CD CD CD CO CO CO CO CO CD eo CO ^— CO CD m CD CO 00 O) eg eg eg eg eg CM CM eg eg CM CM eg eg CM eg eg eg CM CM CM CM CM eg 00 rv IV rv m rv CO CO CM 00 P) CD CO o o o o o O CO O O m o o q o fv CO o CO 00 P) t— rv m o o o o m eg o O m m o T— d d •>f d d m rf d m d Cvi d d d csi d rv: Cvi tv: m m Cvi CD m eg rv CD eg CD CM m CD eg CD rr O) CD m eg CD m CD CO CM m tv CD •vr o> CD CO q m_ m m CD CO CD q CO CO q IV p) 0) rf d d d d d rf T-' .— d d m" eg" eg" eg" r-' CM' o' d eg' eg" T-" rr 00 00 eg" m CD CO oo h-rt •vt P) CO CO oo rt O d Cvi CO o eg d m" T- 1- O) CO CO m T- •<- eg m o) eg m o tv rt o rt d IV rv •vt eg o IV d rv CO eg CO m O CO CO eg eg rr p) CD CO CO CO oo Iv o m rr q P) eg CO d d d d o 00 OT m .— eg T— CM 00 m s eg o" p) OC Ul UJ cc a: o o m o m CD CD CD CD CD d d d d d d vp >^ SP SP %P '^P ^3 sP >tP >vP vP ^* cf'* o'*' ^* o'^ o** OCMCDOOOOOOOOOOOCM^v-O mmrroomooooorvoop)CDCD r-CDCDi-OCMOOOOOOCDOOCDCD •<-^ddr^T--<-T^i-^T-^T-^^<-^T-di-^T-^dd p^ vP p^ vP pv vP p^ pV vP p^. vP pV vP p^ -s pv p^* CO o o o o o o o O p) CD O eg eg o o CO P) CO CO CM IV O) o o o o eg eg eg eg eg O d d d d d d d d d d o UJ OT m O II o o o o o o o o O o o o o o o o o o o o o o O rr o eg CO o o o o q o o o o o o m eg o o o o q q o m o o o o o O rv o rr eg oo o o o rr d rt Cvi d d r^: Cvj d d d csi X— d d d d d d eg d rr d m d d d m o o o o o 00 |v m o m o o m m m eg IV m m o o m m m rv CM rr o o o m o o O m o CO CO rr o eg o m rv rv CM CD p) eg eg o m CM CO o p) o o o d d fv" d d |v" |v" d d d d d d d d d d d d d tv" d d rf d d d m" d rr rr •t rt •<t rt rt rt rr •vt rr •* rr rr rr rr o •vt •* •vt M-o CO CD eg o m eg eg eg eg eg eg CM CM eg eg eg eg eg eg CM eg eg eg eg eg eg CM CM p) rv rv CD CM CM 00 CO CM O m 1^ CD m m" |v •vr CD CO .— CM" O) o d CD OT H o a ai H Z. 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O ic: z < ffl _i < z o o o o o o o o o o o d d d d d o o o o o q q o_ o_ q d d d d d -t rr rr eg CM eg CM eg oooo oooo d d d d oooo q o_ q o_ O CD CD CD rt •^ rt rt eg CM eg CM oooo oooo d d d d oooo o_ o_ o o_ d d d d rr rr o •* eg eg eg eg o o o o o o o o o CO • Ul m O 00 z 3 o q < CD < ffl O o >-UJ OT CC Ul Ul CD ^ UJ O X z Ul < X o < z CQ Ul o OT rf UJ P cc OT O z CQ < CC o uj cc Ul S OT ^ ^ s oc °) I- iC oO Z Z OT < H m h- o X P m eg •-P pV o o < X o I- OT 3 CC I- 03 S s^ ^ ^ rf LU CD ffl X OT ^ I £ ^ cc Z" ^ < H ^ h- ffl OT U. m q < 9 CC O ffl o8 OOOO oooo OOOO d d d d rr •vt eg eg eg CM < < H m •<- CD OT 1-O OT 3 > 0^ ^ 1-OT o5 rf ^ ^ I UJ CQ CD W OT $ O § OT < O o CD m rf q DQ LU ^ P TP < U CC UJ :s o o OT LU £ o o o d o o d CM CO m" m 3 OT o eg 00 O o o o o o o o CM q o o o o m m rr d m T— d d d d T— m |v eg rr o o o o CD CD o p) o o o o m m d d •r-d m" d |v" m" m" CO CD CM o m CD rv •* |v |v CO rt eg m rr m d CM" d m" o" h-" CO CM eg rr co m z 3 o o o < Ul Ul CD < 5 X S OT ffl < o o CD Ul CC I-< 5? OT UJ Z o < CC o Q. CC o o OT 3 CC I-z o ffl z • 3 o Q. OC O o o° s ffl O OT <i ri LL Q- O LL _|Q.<^LLU.U.LL -JQCCCQ o h- I ffl 3 OT o I- Q Z CD < < < < QQQQQQQQQQQQQQQQQDQDQQQ OOOOOOOOOOOOOOOOOOOOOOO OOOOOOOO egegegcMegegegegcMCMcgcMcgcocococococococopjco oooooooooooooooooo C?'C^EH£SC^C?'SM£MSMSM£M£M£MegsM£siegeg 00 eg r- T- £N d m oo rr rr 1- rv T- CM eg EM rr CD CD CO CO T- T- •<- 1- eg mmmooegegegegegcMCM^>-v-T- o o o o eg CM CM CM CO eg CO 00 m oo o o CJ) EXHIBIT 8 CITY OF CARLSBAD Fund Equity in Pooled Investments AS OF MAY 31, 2014 Cash Balance by Fund: General 104,462,125 Special Revenue 46,346,743 Debt Service 0 Capital Projects: General Capital Construction 43,921,505 Traffic Impact Fees 21,159,232 Public Facilities Fees 36,534,443 Park Development 4,529,360 Transnet Taxes 5,260,225 Drainage Fees 5,931,477 Special Districts 84,983,625 Infrastructure Replacement 83,970,381 Redevelopment (see Trust Funds) 0 Other Capital Construction 2,308,157 Total 288,598,405 Enterprise: Carlsbad Municipal Water District 100,991,983 Sewer Fund 51,602,514 Solid Waste 7,346,133 Stormwater 4,176,338 Golf Course 33,629 Total 164,150,597 Internal Service 36,230,296 Agency Funds 18,609,066 Trust Funds 156,798 Total General Ledger Balance ** 658,554,030 Reconciling Adjustments (1) 947,984 Total Treasurer's Investment Portfolio at Amortized Cost 659,502,014 (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 6/06/14 EXHIBIT 9 CITY OF CARLSBAD INVESTMENT PORTFOLIO As of MAY 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: IVIoody's S&P or Fitch) Moody'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 A1 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 Latest Maturity Date Carrying Value Marl^et Value BARCLAYS BANK A2 A NR 12/15/2015 2,000,000 2,024,280 GENERAL ELECTRIC Al AA+ NR 05/09/2016 17,406,696 17,707,176 MERCK Al AA A+ 06/30/2015 5,144,141 5,196,900 * 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 MAY 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 0.30% BERKSHIRE HATHAWAY 23,416,919.14 3.53% CHEVRON 1,993,903.80 0.30% COCA COLA CO 7,624,962.52 1.15% GENERAL ELECTRIC CAP 17,352,898.05 2.62% GENERAL ELECTRIC COMPANY 8,032,665.00 1.21% GOOGLE 1,050,940.00 0.16% HSBC BANK USA 10,000,000.00 1.51% IBM CORP 8,581,305.00 1.29% JOHNSON & JOHNSON 2,104,120.00 0.32% MASS MUTUAL 1,024,175.57 0,15% MERCK & CO 5,498,750.00 0.83% MET LIFE GLOBAL FUND 15,715,883.53 2.37% MICROSOFT 2,072,820.00 0.31% NEW YORK LIFE 8,691,145.24 1,31% PROTER & GAMBLE 13,392,464.17 2.02% 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 0,81% TOYOTA 8,005,285.00 1.21% WAL-MART 12,984,244.55 1.96% WESTPAC BANKING CORP 5,000,000.00 0.75% PERCENTAGE WEIGHTINGS BY FEDERAL AGENCY ISSUER Investment Cost Percent of Portfolio** FAMCA 15,016,370.00 2.26% FICO -0.00% FEDERAL FARM CREDIT BANK 61,176,995.23 9.23% FEDERAL HOME LOAN BANK 127,629,137.92 19.25% FEDERAL HOME LOAN MORTGAGE CORP 60,120,248.50 9.07% FEDERAL NATIONAL MORTGAGE ASSOC 83,180,563.22 12.54% U.S.TREASURY 4,985,446.96 0.75% Total Portfolio $663,092,186,12 * No more than 5% may be invested with a single corporate issuer, **There are no percentage limits on federal agency issuers.