HomeMy WebLinkAbout2016-07-26; City Council; 22374; Report on City Investments as of June 30, 2016CITY OF CARLSBAD -AGENDA BILL
AB#
MTG.
DEPT.
22,374
07/26 16
TRS
RECOMMENDED ACTION:
Accept and file report.
ITEM EXPLANATION:
REPORT ON CITY INVESTMENTS
AS OF JUNE 30, 2016
DEPT. HEAD
CITY ATTY.
CITY MGR.
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 June 30, 2016 is summarized below.
Pooled Investment Portfolio (Cash and Securities)
Current Month Prior Month
Par Value 715,837,393 715,430,868
Cost of Investments 719,458,782 718,620,851
Amortized Cost {1) 717,721,310 717,052,889
Market Value (2) 721,730,358 718,518,331
(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 6/30/16.
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 $l34 $44
Internal Service $43
Agencyffrust $21
Enterprise $181
Capital Projects
$294
Total Treasurer's Investment Portfolio at Amortized Cost
June 30, 2016 $717 million
DEPARTMENT CONTACT: Nancy Sullivan (760) 602-2473 Nancy.Sullivan@carlsbadca.gov
FOR CLERKS USE. ~ COUNCIL ACTION: APPROVED CONTINUED TO DATE SPECIFIC
DENIED CONTINUED TO DATE UNKNOWN
CONTINUED D RETURNED TO STAFF
WITHDRAWN D OTHER-SEE MINUTES
AMENDED D REPORT RECEIVED
D
D
D
D
D
Item #12 - AB #22,374 July 26, 2016 Page 1 of 23
Report on City Investments as of June 30, 2016
Meeting Date: July 26, 2016
Page 2
Pooled Investment Interest Income
Current
Month FYTD
Prior
Month FYTD
Current Month
Income
Cash Income Fiscal
Year-to-Date * 8,678,630 7,976,257 702,373
*The cash income received is adjusted for any accrued interest purchased.
Pooled Investment Performance/Measurement
Average Life
(Years)
Average Yield
To Maturity Modified Duration
APRIL 2016 1.93 1.180% 1.875
MAY 2016 1.93 1.170% 1.869
JUNE 2016 1.85 1.148% 1.801
All pooled investments have been made in accordance with the city's Investment Policy adopted January 2,
1985 and last revised January 12, 2016. 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.
Investment Portfolio for Bond Proceeds
Current Quarter Prior Quarter
Par Value 10,821,324 10,816,253
Cost 10,821,324 10,816,253
FISCAL IMPACT:
None
ENVIRONMENTAL IMPACT:
Pursuant to Public Resources Code section 21065, this action does not constitute a "project" within the
meaning of CEQA in that it has no potential to cause either a direct physical change in the environment, or
a reasonably foreseeable indirect physical change in the environment, and therefore does not require
environmental review.
Item #12 - AB #22,374 July 26, 2016 Page 2 of 23
Report on City Investments as of June 30, 2016
Meeting Date: July 26, 2016
Page 3
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 FOR INVESTMENTS OF BOND PROCEEDS HELD SEPARATELY:
11. Detailed Investment Report—Quarterly Report
EXHIBIT FOR SUMMARY OF OUTSTANDING HOUSING LOANS:
12. Detail Of Outstanding Housing Loans — Quarterly Report
Item #12 - AB #22,374 July 26, 2016 Page 3 of 23
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF JUNE 30, 2016
BREAKDOWN BY AMORTIZED COST, MARKET VALUE, CASH INCOME, AND AVERAGE YIELD BY CLASS
Class
AMORTIZED COST MARKET VALUE
Cash Income
Year to Date
AVERAGE YIELD
Current Month Prior Month Current Month Prior Month Current Month Prior Month
CD 15,286,339 14,045,107 15,515,683 14,257,656 264,846 1.57 1.58
FN 14,664,083 18,143,417 14,951,339 18,253,058 0 1.63 1.41
TR 71,041,861 71,050,836 71,845,746 71,409,676 571,617 1.12 1.12
FA 312,122,000 326,819,015 313,688,474 327,184,561 4,096,911 1.20 1.22
CN 166,473,968 167,000,980 167,596,057 167,419,845 3,337,601 1.51 1.50
LAIF 128,054,000 115,664,000 128,054,000 115,664,000 407,213 0.55 0.54
CUSTODY 469 362 469 362 69 0.00 0.00
SWEEP 9,353,364 3,130,471 9,353,364 3,130,471 373 0.02 0.02
BANK ACCT 725,227 1,198,702 725,227 1,198,702 0 0.02 0.02
TOTALS $717,721,310 $717,052,889 $721,730,358 $718,518,331 8,678,630 1.15% 1.17%
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 T IIEEIHXR Item #12 - AB #22,374 July 26, 2016 Page 4 of 23
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF JUNE 30, 2016
BREAKDOWN OF MATURITIES BY CLASSIFICATION AND LENGTH OF TIME
7 MONTHS TO 1 YEAR 1 TO 5 YEARS TOTAL °A TOTAL CLASS WITHIN 6 MONTHS
CD 247,008 247,380 14,783,794 15,278,182 2.1%
FN 0 0 14,396,011 14,396,011 2.0%
TR 5,016,734 8,993,327 57,065,626 71,075,687 9.9%
FA 29,029,257 23,629,085 259,666,053 312,324,395 43.4%
CN 22,885,597 35,829,211 109,536,640 168,251,447 23.4% (2)
LAIF 128,054,000 0 0 128,054,000 17.8%
CUSTODY 469 0 0 469 0.0%
SWEEP 9,353,364 0 0 9,353,364 1.3%
BANK ACCT 725,227 0 0 725,227 0.1%
TOTALS $195,311,655 (1) $68,699,003 (1) $455,448,124 $719,458,782 100.0%
% TOTALS 27.2% 9.6% 63.3% 100.0%
Total within One Year $264,010,658 (1)
36.7%
POLICY: (1) Not less than $160,258,000 to mature within one year. (2/3rds of current year operating budget of $240,385,000.00)
(2) Policy states that not more than 30% of portfolio is to be invested in corporate notes. Z ilIEIIHXR Item #12 - AB #22,374 July 26, 2016 Page 5 of 23
II II I I I I
YIELD COMPARISON
PORTFOLIO EX-LAIF VS. LAIF
JULY 2010 - JUNE 2016
2.70
2.60 2.50
2.40
2.30
2.20
2.10
2.00
1.90
1.80
1.70
1.60
1.50
1.40
1.30
1.20
'1.10 1.00
0.90
0.80 0.70
0.60
0.50
0.40
0.30
0.20 0.10 0.00
EX-LAIF
61/4' N'• ° E IIEIHXH VSt
c>. 0 VP.° V° 61/4. t 0 Vt# G1/4* Nbt 0 V4# 06' 43 .4 t‘Ca 0 V9.‘
Item #12 - AB #22,374 July 26, 2016 Page 6 of 23
Market Rates 3.5
3
2.5
2
1.5
1
0.5
MARKET YIELD CURVE
6/30/14, 6/30/15, 6/30/16
—0-6/30/2014
6/30/2015
4-6/30/2016
3 Mth 2 Yr 5 Yr 10 Yr
.02 .46 1.63 2.53
.01 .65 1.65 2.35
.26 .58 1.00 1.47 f7 IIEfIHXa Item #12 - AB #22,374 July 26, 2016 Page 7 of 23
Cumulative Cash Income
FY15-16
(June 2016)
__I ims
... 4°.
dep
0.619
0.8 0 0.91.7 0.73 0.7 0.6 0.63
10
0.71 0.68 0.84 0.7
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
1 Interest Income -4--Budget --• —Actual YTD
10
9
8
7
6
5
4
3
2
1
0
Cumulative
Millions $
8
7
6
5
4
3
2
1
0 S IIHIHXa Monthly Interest Income
Millions $
Item #12 - AB #22,374 July 26, 2016 Page 8 of 23
TRANSACTIONS FOR PERIOD:
04/01/16
Trans
Date
TO
Investment
Date
06/30/16
Type
4th QUARTER 2015-2016
Security
Call
Date
Par
Value Coupon
Amount
(Cost)
Return
Rate Interest
Investment
Return
BUYS
APRIL
04/14/16 04/15/16 FA FNMA N/A 2,150,000.00 1.350% 2,159,632.00 1.240% 112,192.37 2,271,824.37
04/14/16 04/15/16 TR US TREASURY N/A 1,500,000.00 1.250% 1,515,292.97 0.850% 33,127.36 1,548,420.33
04/14/16 04/19/16 CN NY LIFE N/A 2,000,000.00 1.550% 2,014,620.00 1.256% 63,999.45 2,078,619.45
04/06/16 04/28/16 FA FHLMC 10/28/2016 2,500,000.00 1.25% STEF 2,496,250.00 2.122% 269,375.00 2,765,625.00
04/14/16 04/29/16 FA FHLMC 7/29/2016 2,500,000.00 1.750% 2,500,000.00 1.750% 218,750.00 2,718,750.00
04/15/16 04/20/16 CN JOHNSON & JOHNSON N/A 2,250,000.00 1.875% 2,315,250.00 1.057% 87,679.69 2,402,929.69
04/18/16 04/19/16 FA FHLMC N/A 1,000,000.00 1.650% 1,017,760.00 1.230% 54,152.50 1,071,912.50
04/18/16 04/28/16 FA FHLMC 10/28/2016 1,500,000.00 1.500% 1,500,000.00 1.500% 95,625.00 1,595,625.00
04/25/16 04/26/16 FA FHLB N/A 2,700,000.00 0.750% 2,700,000.00 0.750% 27,112.50 2,727,112.50
04/25/16 04/26/16 FA FNMA N/A 2,096,000.00 1.000% 2,102,707.20 0.770% 22,636.80 2,125,344.00
04/25/16 04/28/16 CN PEFCO N/A 2,600,000.00 1.450% 2,617,570.80 1.240% 106,734.48 2,724,305.28
04/25/16 04/27/16 FA FHLMC 1/27/2017 2,000,000.00 1.559% 1,999,000.00 0.810% 117,250.00 2,116,250.00
04/25/16 04/26/16 FA FFCB 7/19/2016 3,250,000.00 1.600% 3,247,010.00 1.620% 248,978.89 3,495,988.89
04/25/16 04/28/16 CN EXXON MOBIL N/A 2,000,000.00 2.222% 2,042,900.00 1.750% 172,263.67 2,215,163.67
MAY
05/04/16 05/05/16 TR US TREASURY N/A 2,000,000.00 1.750% 2,049,174.00 1.205% 113,710.62 2,162,884.62
05/02/16 05/16/16 FA FHLMC 2/13/2017 2,750,000.00 1.300% 2,750,000.00 1.300% 134,062.50 2,884,062.50
05/19/16 05/23/16 CN PEFOC N/A 3,000,000.00 2.250% 3,099,000.00 1.358% 158,250.00 3,257,250.00
05/19/16 05/24/16 CN IBM N/A 1,500,000.00 1.625% 1,503,000.00 1.573% 93,890.62 1,596,890.62
05/19/16 05/26/16 FA FNMA 5/26/2017 4,000,000.00 1.300% 4,000,000.00 1.300% 182,000.00 4,182,000.00
05/20/16 05/25/16 FA FFCB 5/25/2017 4,000,000.00 1.660% 3,997,600.00 1.673% 334,400.00 4,332,000.00
05/20/16 05/23/16 FA FNMA N/A 2,000,000.00 1.125% 2,006,660.00 0.984% 47,465.00 2,054,125.00
05/23/16 05/26/16 CN ALPHABET, INC N/A 1,000,000.00 3.625% 1,094,000.00 1.651% 86,545.14 1,180,545.14
05/23/16 05/24/16 TR US TREASURY N/A 2,300,000.00 1.375% 2,315,093.75 1.204% 109,343.75 2,424,437.50
JUNE
05/19/16 06/30/16 FA FHLMC 9/30/2016 5,000,000.00 1.875% 5,000,000.00 1.875% 468,750.00 5,468,750.00
06/07/16 06/08/16 FA FHLB N/A 3,000,000.00 2.875% 3,206,160.00 1.214% 161,121.25 3,367,281.25
06/07/16 06/10/16 CD USB BANK USA SALT LAKE N/A 249,000.00 1.650% 249,000.00 1.650% 20,508.73 269,508.73
06/07/16 06/10/16 CN MICROSOFT N/A 1,500,000.00 2.000% 1,539,450.00 1.370% 92,466.67 1,631,916.67
06/07/16 06/14/16 FA FFCB 6/14/2017 2,250,000.00 1.540% 2,250,000.00 1.540% 155,925.00 2,405,925.00
06/09/16 06/15/16 CD AMERICA'S CREDIT UNION N/A 248,000.00 1.100% 248,000.00 1.100% 5,456.00 253,456.00
06/09/16 06/23/16 CD EAST BOSTON SAVING BK N/A 248,000.00 1.500% 248,000.00 1.500% 18,600.00 266,600.00
06/14/16 06/21/16 FA FFCB 9/21/2016 2,000,000.00 1.550% 2,000,000.00 1.550% 139,500.00 2,139,500.00
06/14/16 06/24/16 CD FIRST BUSINESS BK N/A 248,000.00 1.500% 248,000.00 1.150% 18,600.00 266,600.00
06/15/16 06/30/16 CD FIRST TECH FED CR UNION N/A 248,000.00 1.750% 248,000.00 1.750% 21,700.00 269,700.00
06/20/16 06/21/16 FA FHLB N/A 4,000,000.00 1.250% 4,034,280.00 0.809% 63,914.44 4,098,194.44
06/22/16 06/28/16 FA FNMA 12/28/2016 2,500,000.00 1.200% 2,500,000.00 1.200% 90,000.00 2,590,000.00
TOTAL FOURTH QUARTER 2015-2016 74,087,000.00 74,813,410.72 1.344% 4,146,087.43 78,959,498.15 9 ildEIHXa Item #12 - AB #22,374 July 26, 2016 Page 9 of 23
TRANSACTIONS FOR PERIOD:
04/01/16 TO 06/30/16 4th QUARTER 2015-2016
Trans Investment Call Par Amount Return Investment
Date Date Type Security Date Value Coupon (Cost) Rate Interest Return
MATURITIES
APRIL
04/27/11 FA FHLB N/A 2,000,000.00 2.500% 2,000,000.00 2.500% 250,000.00 2,250,000.00
05/06/11 CN MASS MUTUAL GLOBAL N/A 1,000,000.00 3.125% 1,024,175.57 2.602% 130,164.71 1,154,340.28
10/22/12 CD NATIONAL BANK OFCOMM N/A 249,000.00 0.500% 248,551.80 0.550% 4,791.87 253,343.67
MAY
05/16/11 CN GENERAL ELECTRIC N/A 2,000,000.00 2.950% 2,000,912.32 2.940% 292,940.46 2,293,852.78
06/17/11 CN GENERAL ELECTRIC N/A 2,000,000.00 2.950% 2,009,952.38 2.840% 278,819.84 2,288,772.22
09/12/11 ON GENERAL ELECTRIC N/A 1,400,000.00 2.950% 1,427,513.33 2.500% 164,875.84 1,592,389.17
12/04/12 ON JOHNSON & JOHNSON N/A 2,000,000.00 2.150% 2,104,120.00 0.621% 44,110.56 2,148,230.56
09/13/13 ON TOYOTA N/A 3,000,000.00 0.800% 2,981,640.00 1.032% 82,626.67 3,064,266.67
09/04/12 ON GOOGLE N/A 1,000,000.00 2.125% 1,050,940.00 2.125% 27,862.08 1,078,802.08
05/04/12 CD HERITAGE BANK OF COMME N/A 249,000.00 0.800% 248,004.00 0.900% 8,953.05 256,957.05
05/18/12 CD NORTH JERSEY COMMUNIn N/A 248,000.00 0.850% 247,008.00 0.950% 9,429.77 256,437.77
05/22/12 CD STATE BANK & TRUST N/A 249,000.00 0.800% 248,004.00 0.900% 8,974.88 256,978.88
05/31/12 CD CRESCENT BANK & TRUST N/A 249,000.00 0.900% 248,502.00 0.950% 9,468.06 257,970.06
JUNE
12/18/15 FN FHLB N/A 3,500,000.00 0.000% 3,490,975.83 0.520% 18,048.34 3,509,024.17
09/10/13 ON CHEVRON N/A 2,000,000.00 0.889% 1,993,903.80 1.000% 55,682.64 2,049,586.44
TOTAL FOURTH QUARTER 2015-2016 21,144,000.00 21,324,203.03 1.609% 1,386,748.77 22,710,951.80
CALLS
APRIL
12/17/15 12/23/15 FA FHLB 4/14/2016 2,500,000.00 1.950% 2,498,000.00 1.969% 221,375.00 2,719,375.00
10/23/14 10/24/14 FA FNMA 4/15/2016 1,000,000.00 1.550% 984,640.00 1.875% 92,472.50 1,077,112.50
01/11/16 01/14/16 FA FFCB 4/18/2016 4,000,000.00 1.940% 4,000,000.00 1.940% 388,000.00 4,388,000.00
04/02/15 04/22/15 FA FHLB 4/22/2016 1,000,000.00 1.250% 1,000,000.00 1.250% 43,750.00 1,043,750.00
04/23/15 04/29/15 FA FNMA 4/29/2016 2,000,000.00 1.600% 2,000,000.00 1.600% 160,000.00 2,160,000.00
04/30/15 04/29/15 FA FNMA 4/29/2016 2,650,000.00 1.550% 2,646,025.00 1.581% 209,121.81 2,855,146.81
01/28/16 01/29/16 FA FHLMC 4/24/2016 480,000.00 1.350% 480,000.00 1.350% 20,970.00 500,970.00
04/29/15 04/29/16 FA FHLMC 4/29/2016 1,500,000.00 1% STEP 1,498,500.00 2.109% 160,875.00 1,659,375.00
MAY
04/30/15 05/01/15 FA FFCB 5/18/2016 1,095,000.00 1.240% 1,095,000.00 1.240% 44,090.78 1,139,090.78
11/02/15 11/27/15 FA FNMA 5/27/2016 2,000,000.00 1.500% 1,999,500.00 1.507% 113,000.00 2,112,500.00
05/06/15 05/27/15 FA FNMA 5/27/2016 1,750,000.00 1.800% 1,750,000.00 1.800% 157,500.00 1,907,500.00
11/19/12 11/27/12 FA FNMA 5/27/2016 4,000,000.00 0.900% 4,000,000.00 0.900% 180,000.00 4,180,000.00
05/02/13 05/28/13 FA FNMA 5/28/2016 5,000,000.00 0.500% 4,997,500.00 0.514% 90,000.00 5,087,500.00
JUNE
05/22/13 06/12/13 FA FHLMC 6/12/2016 3,000,000.00 1.200% 2,999,100.00 1.206% 180,900.00 3,180,000.00
01/25/16 01/26/16 FA FFCB 6/13/2016 1,000,000.00 1.820% 998,580.00 1.850% 91,459.44 1,090,039.44
06/11/13 06/13/13 FA FNMA 6/13/2016 5,000,000.00 0.800% 4,930,000.00 1.047% 351,250.00 5,281,250.00
01/07/14 01/08/14 FA FFCB 6/16/2020 1,750,000.00 1.250% 1,705,900.00 1.808% 147,641.67 1,853,541.67
10/15/15 10/20/15 FA FFCB 6/16/2016 5,000,000.00 1.625% 5,000,000.00 1.625% 365,625.00 5,365,625.00
Item #12 - AB #22,374 July 26, 2016 Page 10 of 23
TRANSACTIONS FOR PERIOD:
04/01/16
Trans
Date
TO
Investment
Date
06/30/16
lyp2
4th QUARTER 2015-2016
Security
Call
Date
Par
Value Coupon
Amount
(Cost)
Return
Rate Interest
Investment
Return
CALLS continued
06/18/13 06/20/13 FA FNMA 6/20/2016 4,000,000.00 1.250% 3,977,200.00 1.360% 272,800.00 4,250,000.00
06/25/15 06/30/15 FA FHLB 6/24/2016 2,000,000.00 1.400% 2,000,000.00 1.400% 97,533.33 2,097,533.33
03/31/15 04/01/15 FA FNMA 6/30/2016 1,099,000.00 1.700% 1,099,549.50 1.690% 92,813.60 1,192,363.10
12/21/15 12/28/15 FA FHLMC 6/28/2016 2,450,000.00 1% STEP 2,450,000.00 1.910% 165,375.00 2,615,375.00
06/22/15 06/30/15 FA FHLMC 6/28/2016 2,300,000.00 1.500% 2,300,000.00 1.500% 137,808.33 2,437,808.33
01/28/16 01/29/16 FA FFCB 6/28/2016 3,250,000.00 1.700% 3,252,275.00 1.680% 243,127.08 3,495,402.08
01/07/16 01/08/16 FA FHLB 6/30/2016 2,875,000.00 0.800% 2,875,000.00 0.800% 22,488.89 2,897,488.89
TOTAL FOURTH QUARTER 2015-2016 62,699,000.00 62,536,769.50 1.414% 4,049,977.43 66,586,746.93
Item #12 - AB #22,374 July 26, 2016 Page 11 of 23
INVESTMENT
DATE TYPE
INVESTMENT REPORT
AS OF JUNE 30, 2016
PAR
SECURITY VALUE
INVESTED
AMOUNT
RETURN
RATE INTEREST
INVESTMENT
RETURN
TERM
(Days)
6/12/2014 FA FNMA .375% NON-CALL 3,000,000.00 2,994,690.00 0.461% 28,528.75 3,023,218.75 754
6/12/2014 FA FHLB .59% NON-CALL 3,000,000.00 3,000,672.00 0.580% 39,153.00 3,039,825.00 823
9/12/2013 FA FFCB .95% NON-CALL 1,000,000.00 995,570.00 1.100% 33,009.17 1,028,579.17 1,099
6/12/2014 FA FFCB .97% NON-CALL 500,000.00 504,332.50 0.970% 6,674.31 511,006.81 830
6/12/2014 FA FNMA 1.25% NON-CALL 2,000,000.00 2,031,642.00 0.555% 25,719.11 2,057,361.11 839
10/6/2011 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
3/3/2015 FA FHLB .625% NON-CALL 2,500,000.00 2,502,350.00 0.570% 24,559.73 2,526,909.73 631
11/27/2012 FA FHLB .55% BULLET 5,000,000.00 5,000,000.00 0.550% 112,291.67 5,112,291.67 1,491
12/27/2012 FA FFCB .60% BULLET 3,000,000.00 3,000,000.00 0.600% 90,000.00 3,090,000.00 1,461
4/30/2013 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
1/3/2013 FA FHLMC .60% BULLET 3,000,000.00 2,998,500.00 0.613% 73,500.00 3,072,000.00 1,461
4/25/2014 FA FHLB .875% NON-CALL 3,000,000.00 3,002,460.00 0.846% 73,008.75 3,075,468.75 1,050
10/30/2015 FA FHLB .075% NON-CALL 3,500,000.00 3,507,910.00 0.580% 27,235.83 3,535,145.83 489
6/26/2015 FA FNMA 1.125% NON-CALL 1,250,000.00 1,260,975.00 0.643% 14,845.31 1,275,820.31 671
9/6/2013 FA FHLMC .70% CALL 5/8/15 ONE TIME 5,000,000.00 4,855,000.00 1.515% 273,527.78 5,128,527.78 1,340
1/27/2015 FA FHLMC 1.25% NON-CALL 2,000,000.00 2,025,640.00 0.685% 31,651.67 2,057,291.67 836
8/16/2012 FA FHLB .875% NON-CALL 4,000,000.00 4,000,000.00 0.875% 169,166.67 4,169,166.67 1,765
10/30/2013 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
5/15/2015 FA TVA 5.50% NON-CALL 500,000.00 551,225.00 0.742% 8,587.50 559,812.50 795
5/20/2015 FA FHLMC 1.0% NON-CALL 2,125,000.00 2,138,812.50 0.702% 32,701.39 2,171,513.89 800
10/28/2015 FA FHLMC 0.70% QRTLY CALL 3,000,000.00 3,000,000.00 0.700% 36,750.00 3,036,750.00 639
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
10/9/2015 FA FHLB 0.75% NON-CALL 2,000,000.00 2,004,800.00 0.622% 23,491.67 2,028,291.67 689
12/29/2015 FA FHLB .75% NON-CALL 1,000,000.00 995,550.00 1.020% 16,929.17 1,012,479.17 608
4/26/2016 FA FHLB .75% NON-CALL 2,700,000.00 2,700,000.00 0.750% 27,112.50 2,727,112.50 489
4/26/2016 FA FNMA 1.0% NON-CALL 2,096,000.00 2,102,707.20 0.770% 22,636.80 2,125,344.00 512
3/26/2014 FA FHLB 1.05% CALL 9/26/14 ONE TIME STEP 2,000,000.00 2,000,000.00 1.050% 73,500.00 2,073,500.00 1,280
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
1/23/2014 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
2/19/2013 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
5/28/2013 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
3/6/2013 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
12/3/2012 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
1/22/2013 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
1/25/2013 FA FAMCA .93% NON-CALL 5,000,000.00 5,004,870.00 0.910% 227,500.83 5,232,370.83 1,825
2/1/2013 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
2/5/2013 FA FHLB 1.00% CALL 8/5/13 CONT 3,333,333.50 3,325,000.17 1.050% 83,518.53 3,408,518.70 1,826
11/3/2015 FA FNMA .875% NON-CALL 2,700,000.00 2,700,891.00 0.860% 52,593.37 2,753,484.37 828
5/8/2013 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
2/20/2015 FA FFCB 1.11% NON-CALL 2,500,000.00 2,500,000.00 1.110% 83,250.00 2,583,250.00 1,096
3/12/2013 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
5/7/2013 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
5/7/2013 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
5/23/2013 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
5/18/2015 FA FNMA 1.125% CALL 10/30/15 QRTLY 4,416,000.00 4,418,428.80 1.106% 144,127.20 4,562,556.00 1,078
8/5/2014 FA FNMA 0.875% NON-CALL 2,500,000.00 2,460,777.84 1.300% 122,225.63 2,583,003.47 1,385
5/30/2013 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
6/21/2016 FA FHLB 1.25% NON-CALL 4,000,000.00 4,034,280.00 0.809% 63,914.44 4,098,194.44 717 L IIHIHXa Item #12 - AB #22,374 July 26, 2016 Page 12 of 23
INVESTMENT
DATE TYPE
INVESTMENT REPORT
AS OF JUNE 30, 2016
PAR
SECURITY VALUE
INVESTED
AMOUNT
RETURN
RATE INTEREST
INVESTMENT
RETURN
TERM
(Days)
10/19/2015 FA FFCB 1.03% CALL 1/13/16 CONT 3,000,000.00 3,000,000.00 1.030% 84,460.00 3,084,460.00 998
12/29/2015 FA FNMA 1.125% NON-CALL 1,000,000.00 997,610.00 1.220% 31,171.25 1,028,781.25 934
7/27/2015 FA FHLMC 1.150% CALL 7/27/16 ONE TIME 2,000,000.00 2,000,000.00 1.150% 69,000.00 2,069,000.00 1,096
12/29/2015 FA FHLB 1.220% CALL 7/27/16 ONE TIME 1,000,000.00 998,850.00 1.265% 32,598.89 1,031,448.89 941
1/15/2014 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
1/27/2015 FA FNMA 1.0% NON-CALL 1,100,000.00 1,096,139.00 1.102% 42,452.67 1,138,591.67 1,280
5/5/2014 FA FFCB 1.6% NON-CALL 2,500,000.00 2,515,710.93 1.450% 157,622.40 2,673,333.33 1,584
10/27/2015 FA FHLB 1.125% NON-CALL 4,000,000.00 4,020,840.00 0.941% 108,785.00 4,129,625.00 1,053
5/2/2014 FA FNMA 1.875% NON-CALL 1,500,000.00 1,524,000.00 1.500% 99,125.00 1,623,125.00 1,600
1/16/2014 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
5/23/2016 FA FNMA 1.125% NON-CALL 2,000,000.00 2,006,660.00 0.984% 47,465.00 2,054,125.00 879
3/30/2015 FA FHLB 1.30% NON-CALL 1,000,000.00 1,000,000.00 1.300% 46,583.33 1,046,583.33 1,310
5/2/2014 FA FNMA 1.625% NON-CALL 2,000,000.00 2,008,347.18 1.530% 140,159.76 2,148,506.94 1,670
6/3/2014 FA FNMA 1.625% NON-CALL 2,000,000.00 2,010,791.92 1.500% 134,826.14 2,145,618.06 1,638
7/21/2015 FA FNMA 1.50% NON-CALL 1,000,000.00 1,006,875.00 1.290% 43,500.00 1,050,375.00 1,228
5/15/2015 FA FNMA 1.25% CALL 6/14/15 QRTLY 1,000,000.00 997,500.00 1.322% 47,256.94 1,044,756.94 1,309
6/5/2015 FA FHLB 1.75% NON-CALL 2,000,000.00 2,034,100.00 1.254% 16,625.00 2,050,725.00 1,288
2/20/2015 FA FNMA 1.1% NON-CALL 1,000,000.00 992,180.00 1.300% 49,925.56 1,042,105.56 1,397
7/28/2015 FA FHLB 1.250% CALL 7/28/16 1,700,000.00 1,700,000.00 1.250% 72,604.17 1,772,604.17 1,249
10/28/2015 FA FFCB 1.15% CALL 1/28/16 4,650,000.00 4,648,837.50 1.158% 174,956.25 4,823,793.75 1,188
11/2/2015 FA FNMA 1.20% CALL 4/29/16 5,000,000.00 4,992,500.00 1.247% 202,000.00 5,194,500.00 1,184
2/26/2016 FA FFCB 1.03% NON-CALL 4,000,000.00 4,004,640.00 0.990% 117,357.78 4,121,997.78 1,096
12/9/2014 FA FNMA 1.75% NON-CALL 2,500,000.00 2,515,625.00 1.596% 168,854.17 2,684,479.17 1,541
12/12/2014 FA FNMA 1.70% NON-CALL 1,852,000.00 1,863,630.56 1.545% 120,864.61 1,984,495.17 1,538
10/6/2014 FA FHLB 1.875% NON-CALL 2,000,000.00 2,011,440.00 1.875% 154,393.33 2,165,833.33 1,614
1/29/2016 FA FHLB 4.250% NON-CALL 1,500,000.00 1,643,640.00 1.166% 20,895.83 1,664,535.83 1,158
6/6/2014 FA FHLMC 1.2% CALL 5/7/15 1,000,000.00 976,800.00 1.693% 82,233.33 1,059,033.33 1,796
6/5/2015 FA FHLMC 1.75% NON-CALL 1,650,000.00 1,670,229.00 1.432% 94,869.96 1,765,098.96 1,455
7/10/2015 FA FHLMC 1.75% NON-CALL 1,000,000.00 1,015,100.00 1.350% 52,955.56 1,068,055.56 1,420
7/15/2015 FA FAMCA 1.50% NON-CALL 1,060,000.00 1,060,000.00 1.500% 62,230.83 1,122,230.83 1,430
2/26/2016 FA FAMCA 1.50% NON-CALL 3,000,000.00 3,033,300.00 1.156% 115,200.00 3,148,500.00 1,204
6/24/2015 FA FFCB 1.52% NON CALL 2,000,000.00 2,002,320.00 1.490% 119,280.00 2,121,600.00 1,461
6/26/2015 FA FFCB 1.52% NON-CALL 2,250,000.00 2,251,282.50 1.505% 135,327.50 2,386,610.00 1,459
6/28/2016 FA FNMA 1.20% CALL 12/28/16 2,500,000.00 2,500,000.00 1.200% 90,000.00 2,590,000.00 1,095
1/23/2015 FA FFCB 2.15% NON-CALL 3,250,000.00 3,354,097.50 1.410% 209,175.42 3,563,272.92 1,636
1/21/2015 FA FHLMC 1.25% NON-CALL 2,500,000.00 2,493,975.00 1.305% 147,518.06 2,641,493.06 1,653
12/18/2015 FA FFCB 1.73% CALL 8/12/16 CONT 1,950,000.00 1,950,000.00 1.730% 123,132.75 2,073,132.75 1,333
10/23/2014 FA FHLB 2.00% NON-CALL 1,500,000.00 1,525,968.30 1.630% 120,698.37 1,646,666.67 1,786
1/21/2015 FA FHLB 1.375% NON-CALL 2,000,000.00 2,000,440.00 1.370% 127,282.22 2,127,722.22 1,696
10/15/2015 FA FFCB 1.44% CALL 1/15/16 CONT 3,000,000.00 3,000,000.00 1.440% 172,800.00 3,172,800.00 1,461
10/6/2015 FA FNMA 1.33% NON-CALL 4,183,000.00 4,197,807.82 1.240% 210,509.47 4,408,317.29 1,479
5/26/2016 FA FNMA 1.30% QRTLY CALL 4,000,000.00 4,000,000.00 1.300% 182,000.00 4,182,000.00 1,279
6/15/2015 FA FHLB 2.375% NON-CALL 3,370,000.00 3,468,026.56 1.700% 261,697.54 3,729,724.10 1,642
12/30/2015 FA FFCB 1.72% CALL 12/30/16 2,600,000.00 2,600,000.00 1.720% 178,880.00 2,778,880.00 1,461
10/5/2015 FA FHLMC 1.40% NON-CALL 3,500,000.00 3,519,495.00 1.265% 189,299.44 3,708,794.44 1,557
1/12/2016 FA FNMA 1.57% CALL 4/9/16 QRTLY 1,500,000.00 1,497,750.00 1.609% 96,253.75 1,594,003.75 1,458
1/27/2016 FA FHLMC 1.53% QUARTERLY CALL 3,000,000.00 3,000,000.00 1.530% 183,600.00 3,183,600.00 1,461
4/27/2016 FA FHLMC .75% ONE CALL 1/27/17 STEP 2,000,000.00 1,999,000.00 1.559% 117,250.00 2,116,250.00 1,370
5/13/2016 FA FHLMC 1.30% CALL 2/13/17 ONE TIME 2,750,000.00 2,750,000.00 1.300% 134,062.50 2,884,062.50 1,371
Item #12 - AB #22,374 July 26, 2016 Page 13 of 23
INVESTMENT
DATE TYPE
INVESTMENT REPORT
AS OF JUNE 30, 2016
PAR
SECURITY VALUE
INVESTED
AMOUNT
RETURN
RATE INTEREST
INVESTMENT
RETURN
TERM
(Days)
2/24/2016 FA FHLMC 1.50% CONT CALL 1,750,000.00 1,750,000.00 1.500% 105,000.00 1,855,000.00 1,461
2/24/2016 FA FFCB 1.4% CONT CALL 1,000,000.00 1,000,000.00 1.400% 56,000.00 1,056,000.00 1,461
4/1/2015 FA FHLB 2.25% CALL 9/23/16 ONE TIME 2,750,000.00 2,812,562.50 1.770% 245,437.50 3,058,000.00 1,818
5/26/2015 FA FNMA 1.7% CALL 5/26/17 ONE CALL 3,000,000.00 3,000,000.00 1.700% 255,000.00 3,255,000.00 1,827
6/12/2015 FA FHLB 1.75% NON-CALL 3,000,000.00 3,000,000.00 1.750% 262,500.00 3,262,500.00 1,827
2/23/2016 FA FHLB 1.75% NON-CALL 2,000,000.00 2,039,980.00 1.271% 110,617.22 2,150,597.22 1,571
4/15/2016 FA FNMA 1.35% NON-CALL 2,150,000.00 2,159,632.00 1.240% 112,192.37 2,271,824.37 1,533
4/28/2016 FA FHLMC 1.5% CALL 10/28/16 QRTLY 1,500,000.00 1,500,000.00 1.500% 95,625.00 1,595,625.00 1,552
1/21/2016 FA FHLB 1.83% NON-CALL 2,500,000.00 2,549,375.00 1.378% 157,516.67 2,706,891.67 1,651
4/19/2016 FA FHLMC 1.65% NON-CALL 1,000,000.00 1,017,760.00 1.230% 54,152.50 1,071,912.50 1,592
6/8/2016 FA FHLB 2.875% NON-CALL 3,000,000.00 3,206,160.00 1.214% 161,121.25 3,367,281.25 1,556
10/27/2015 FA FNMA 1.470% CALL 10/27/16 ONE TIME 5,000,000.00 5,000,000.00 1.470% 367,500.00 5,367,500.00 1,824
6/14/2016 FA FFCB 1.54% CALL 6/14/17 CONT 2,250,000.00 2,250,000.00 1.540% 155,925.00 2,405,925.00 1,644
6/21/2016 FA FFCB 1.55% CALL 9/21/16 CONT 2,000,000.00 2,000,000.00 1.550% 139,500.00 2,139,500.00 1,644
4/26/2016 FA FFCB 1.60% CALL 7/19/16 CONT 3,250,000.00 3,247,010.00 1.620% 248,978.89 3,495,988.89 1,729
2/26/2016 FA FHLMC 1.25% QRTLY CALL STEP 1,000,000.00 999,500.00 2.103% 106,750.00 1,106,250.00 1,827
2/26/2016 FA FHLB 1.69% CALL 8/26/16 CONT 4,000,000.00 4,000,000.00 1.690% 338,000.00 4,338,000.00 1,827
3/10/2016 FA FNMA 1.00% CALL 3/10/17 ONE TIME STEP 2,500,000.00 2,498,750.00 1.724% 216,250.00 2,715,000.00 1,826
3/22/2016 FA FHLB 1.25% QRTLY CALL 6/22/16 STEP 2,500,000.00 2,498,750.00 1.870% 235,625.00 2,734,375.00 1,826
4/28/2016 FA FHLMC 1.25% QRTLY CALL 10/28/16 STEP 2,500,000.00 2,496,250.00 2.122% 269,375.00 2,765,625.00 1,826
4/29/2016 FA FHLMC 1.75% QRTLY CALL 7/29/16 2,500,000.00 2,500,000.00 1.750% 218,750.00 2,718,750.00 1,826
5/25/2016 FA FFCB 1.66% CALL 5/25/17 CONT 4,000,000.00 3,997,600.00 1.673% 334,400.00 4,332,000.00 1,826
6/30/2016 FA FHLMC 1.875% CALL 9/30/16 QRTLY 5,000,000.00 5,000,000.00 1.875% 468,750.00 5,468,750.00 1,826
SUB-TOTAL 311,285,333.50 312,324,394.78 1.198% 15,190,234.60 327,514,629.38 1,399
1/23/2015 FN FNMA 0% NON-CALL 1,163,000.00 1,086,447.85 1.700% 76,552.15 1,163,000.00 1,470
1/21/2015 FN FICO 0% NON-CALL 4,000,000.00 3,772,000.00 1.400% 228,000.00 4,000,000.00 1,535
4/1/2015 FN FICO 0% NON-CALL 2,100,000.00 1,958,591.39 1.560% 282,817.22 2,241,408.61 1,639
9/23/2015 FN FICO 0% NON-CALL 3,200,000.00 3,003,168.00 1.590% 400,784.34 3,403,952.34 1,464
3/3/2015 FN FNMA 0% NON-CALL 2,000,000.00 1,825,044.00 2.000% 174,956.00 2,000,000.00 1,681
10/23/2015 FN RFCSP 0% NON-CALL 3,000,000.00 2,750,760.00 1.750% 249,240.00 3,000,000.00 1,819
SUB-TOTAL 15,463,000.00 14,396,011.24 1.6270% 1,412,349.71 15,808,360.95 3,005
Federal Investments Total 326,748,333.50 326,720,406.02 16,602,584.31 343,322,990.33 2,202
11/3/2015 TR US TREASURY 1.0% 3,000,000.00 3,016,308.00 0.450% 13,444.75 3,029,752.75 363
11/3/2015 TR US TREASURY .50% 2,000,000.00 2,000,426.00 0.480% 10,311.70 2,010,737.70 393
4/25/2014 TR US TREASURY 1.0% 3,000,000.00 3,010,827.00 0.870% 77,123.82 3,087,950.82 1,071
9/18/2015 TR US TREASURY 1.875% 2,500,000.00 2,551,660.00 0.805% 39,772.01 2,591,432.01 713
9/19/2014 TR US TREASURY 0.875% 3,000,000.00 2,996,484.38 0.920% 72,136.54 3,068,620.92 954
7/21/2015 TR US TREASURY .50% 2,000,000.00 1,995,000.00 0.642% 22,771.74 2,017,771.74 649
9/19/2014 TR US TREASURY 0.625% 1,000,000.00 991,015.63 0.963% 25,838.88 1,016,854.51 985
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
5/22/2015 TR US TREASURY .50% 1,000,000.00 996,900.00 0.643% 14,066.85 1,010,966.85 801
7/21/2015 TR US TREASURY .625% 2,000,000.00 1,994,352.00 0.760% 32,040.66 2,026,392.66 772
1/29/2016 TR US TREASURY 1.00% 2,800,000.00 2,809,078.13 0.800% 36,460.33 2,845,538.46 595
Item #12 - AB #22,374 July 26, 2016 Page 14 of 23
INVESTMENT
DATE TYPE
INVESTMENT REPORT
AS OF JUNE 30, 2016
PAR
SECURITY VALUE
INVESTED
AMOUNT
RETURN
RATE INTEREST
INVESTMENT
RETURN
TERM
(Days)
7/21/2015 TR US TREASURY .625% 1,500,000.00 1,494,787.50 0.785% 25,781.15 1,520,568.65 802
3/5/2015 TR US TREASURY .75% 2,000,000.00 1,989,531.25 0.950% 50,289.19 2,039,820.44 971
10/27/2015 TR US TREASURY .75% 2,500,000.00 2,506,045.00 0.629% 31,658.80 2,537,703.80 735
7/21/2015 TR US TREASURY .75% 1,700,000.00 1,691,765.61 0.932% 42,582.75 1,734,348.36 984
10/7/2014 TR US TREASURY 1.375% 1,400,000.00 1,400,251.69 1.370% 73,191.24 1,473,442.93 1,393
7/16/2014 TR US TREASURY 1.50% 4,000,000.00 4,009,600.00 1.496% 237,900.00 4,247,500.00 1,507
7/24/2014 TR US TREASURY 1.50% 2,000,000.00 2,006,348.00 1.420% 116,749.83 2,123,097.83 1,499
10/7/2014 TR US TREASURY 1.50% 1,500,000.00 1,505,664.36 1.400% 82,035.92 1,587,700.28 1,424
8/5/2014 TR US TREASURY 1.25% 3,000,000.00 2,974,200.00 1.460% 184,665.49 3,158,865.49 1,548
12/29/2015 TR US TREASURY 1.25% 2,000,000.00 1,998,878.00 1.270% 72,069.80 2,070,947.80 1,037
4/15/2016 TR US TREASURY 1.25% 1,500,000.00 1,515,292.97 0.850% 33,127.36 1,548,420.33 944
10/3/2014 TR US TREASURY 1.50% 1,000,000.00 1,000,000.00 1.500% 63,627.72 1,063,627.72 1,550
6/5/2015 TR US TREASURY 1.50% 2,000,000.00 2,015,296.00 1.285% 94,344.88 2,109,640.88 1,336
10/6/2015 TR US TREASURY 1.625% 4,000,000.00 4,083,992.00 1.010% 142,442.43 4,226,434.43 1,272
7/21/2015 TR US TREASURY 1.5% 1,500,000.00 1,505,156.25 1.408% 81,708.50 1,586,864.75 1,410
8/1/2014 TR US TREASURY 1.6250% 2,515,000.00 2,500,019.15 1.750% 219,213.54 2,719,232.69 1,825
10/6/2014 TR US TREASURY 1.00% 1,000,000.00 964,920.00 1.036% 84,085.52 1,049,005.52 1,790
5/24/2016 TR US TREASURY 1.375% 2,300,000.00 2,315,093.75 1.204% 109,343.75 2,424,437.50 1,437
9/22/2015 TR US TREASURY 2.125% 3,000,000.00 3,085,500.00 2.097% 229,396.98 3,314,896.98 1,805
1/5/2016 TR US TREASURY 2.375% 4,000,000.00 4,127,500.00 1.705% 346,195.00 4,473,695.00 1,822
5/5/2016 TR US TREASURY 1.75% 2,000,000.00 2,049,174.00 1.205% 113,710.62 2,162,884.62 1,701
SUB-TOTAL 70,715,000.00 71,075,686.63 1.123% 2,840,369.96 73,916,056.59 1,170
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
1/23/2013 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
10/2/2012 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
9/22/2011 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
9/18/2014 CN COLGATE-PALMOLIVE 1.30% MAKE WHOLE CALL 500,000.00 504,585.00 0.009% 10,527.50 515,112.50 850
1/31/2012 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
1/31/2012 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
3/5/2012 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
8/6/2012 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
2/16/2012 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
2/5/2016 CN PEFCO 1.375% NON-CALL 2,000,000.00 2,012,360.00 0.770% 15,903.89 2,028,263.89 376
4/18/2012 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
4/9/2015 CN NY LIFE GOLBAL 1.65% NON-CALL 1,675,000.00 1,704,362.75 0.806% 28,676.00 1,733,038.75 767
6/5/2012 CN HSBC BANK USA 1.925% FLOATER 5,000,000.00 5,000,000.00 1.037% 342,500.00 5,342,500.00 1,826
6/12/2014 CN CHEVRON CORP 1.104% NON CALL 2,000,000.00 1,996,180.00 1.160% 80,670.67 2,076,850.67 1,272
3/8/2013 CN WAL-MART 5.8% NON CALL 3,000,000.00 3,669,120.00 1.140% 189,763.33 3,858,883.33 1,805
5/27/2015 CN WAL-MART 5.8% NON CALL 2,000,000.00 2,249,440.00 1.125% 65,693.33 2,315,133.33 995
3/26/2013 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
10/29/2015 CN WAL-MART STORES 1.125% MAKE WHOLE 4,000,000.00 4,024,400.00 0.873% 85,850.00 4,110,250.00 895
9/18/2014 CN COLGATE-PALMOLIVE .90% MAKE WHOLE CALL 1,000,000.00 980,600.00 1.452% 51,975.00 1,032,575.00 1,321
1/27/2015 CN COLGATE-PALMOLIVE .90% MAKE WHOLE CALL 2,000,000.00 1,983,000.00 1.166% 75,700.00 2,058,700.00 1,190
Item #12 - AB #22,374 July 26, 2016 Page 15 of 23
INVESTMENT
DATE TYPE
INVESTMENT REPORT
AS OF JUNE 30, 2016
PAR
SECURITY VALUE
INVESTED
AMOUNT
RETURN
RATE INTEREST
INVESTMENT
RETURN
TERM
(Days)
2/25/2016 CN COLGATE-PALMOLIVE .90% MAKE WHOLE CALL 2,500,000.00 2,495,450.00 0.984% 53,675.00 2,549,125.00 796
5/11/2015 CN APPLE 1.0% MAKE WHOLE CALL 2,000,000.00 1,989,840.00 1.174% 69,715.56 2,059,555.56 1,088
5/15/2013 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
12/24/2015 CN CHEVRON CORP 1.718% MAKE WHOLE CALL 2,250,000.00 2,253,600.00 1.650% 93,037.50 2,346,637.50 913
12/31/2015 CN CHEVRON CORP 1.718% MAKE WHOLE CALL 1,000,000.00 996,300.00 1.871% 46,315.94 1,042,615.94 906
1/28/2016 CN TOYOTA 1.55% NON-CALL 2,000,000.00 2,014,400.00 1.252% 61,808.33 2,076,208.33 897
12/19/2014 CN MASS MUTUAL GLOBAL 2.10% NON-CALL 3,500,000.00 3,555,685.00 1.645% 210,344.17 3,766,029.17 1,322
2/19/2015 CN ROYAL BANK OF CANADA 2.00% NON-CALL 2,250,000.00 2,289,442.50 1.500% 123,307.50 2,412,750.00 1,320
4/19/2016 CN NY LIFE 1.55% NON-CALL 2,000,000.00 2,014,620.00 1.256% 63,999.45 2,078,619.45 927
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
10/28/2015 CN JOHNSON & JOHNSON 1.65% MAKE WHOLE 4,000,000.00 4,070,600.00 1.070% 134,183.33 4,204,783.33 1,134
4/9/2015 CN MICROSOFT 1.625% NON-CALL 2,000,000.00 2,037,820.00 1.096% 81,075.83 2,118,895.83 1,337
4/6/2015 CN PEFCO 4.375% NON-CALL 2,274,000.00 2,527,892.10 1.450% 138,254.46 2,666,146.56 1,439
12/22/2015 CN EXXON MOBIL 1.819% NON-CALL 1,250,000.00 1,259,125.00 1.580% 64,329.76 1,323,454.76 1,179
6/30/2015 CN MASS MUTUAL GLOBAL 2.35% NON-CALL 3,250,000.00 3,286,335.00 2.040% 251,980.62 3,538,315.62 1,379
10/8/2015 CN APPLE 2.10% MAKE WHOLE CALL 2,500,000.00 2,558,025.00 1.432% 129,808.33 2,687,833.33 1,306
5/27/2015 CN IBM CORP 1.8750% NON-CALL 2,150,000.00 2,169,715.50 1.635% 140,190.75 2,309,906.25 1,449
7/16/2015 CN TOYOTA 2.125% NON-CALL 2,000,000.00 2,009,760.00 1.998% 160,476.11 2,170,236.11 1,463
4/28/2016 CN PEFCO 1.45% NON-CALL 2,600,000.00 2,617,570.80 1.240% 106,734.48 2,724,305.28 1,204
11/18/2014 CN CHEVRON CORP 2.193% MAKE-WHOLE CALL 3,000,000.00 3,017,400.00 2.070% 311,001.75 3,328,401.75 1,823
12/22/2015 CN CHEVRON CORP 2.193% MAKE-WHOLE CALL 2,800,000.00 2,811,200.00 2.083% 228,105.03 3,039,305.03 1,424
4/20/2016 CN JOHNSON & JOHNSON 1.875% MAKE WHOLE CALL 2,250,000.00 2,315,250.00 1.057% 87,679.69 2,402,929.69 1,324
4/9/2015 CN NY LIFE GOLBAL 1.95% NON-CALL 2,000,000.00 2,017,520.00 1.760% 171,196.67 2,188,716.67 1,769
9/25/2015 CN CVX 1.961% MAKE WHOLE CALL 2,800,000.00 2,790,704.00 2.039% 253,026.51 3,043,730.51 1,621
11/4/2015 CN EXXON MOBIL 1.912% MAKE WHOLE CALL 5,000,000.00 5,057,700.00 1.630% 357,097.78 5,414,797.78 1,584
5/23/2016 CN PEFCO 2.25% NON-CALL 3,000,000.00 3,099,000.00 1.358% 158,250.00 3,257,250.00 1,392
11/3/2015 CN APPLE 2.0% MAKE WHOLE CALL 4,000,000.00 4,028,000.00 1.837% 332,666.66 4,360,666.66 1,646
5/24/2016 CN IBM 1.625% MAKE-WHOLE CALL 1,500,000.00 1,503,000.00 1.573% 93,890.62 1,596,890.62 1,452
11/3/2015 CN MMM 2.0% MAKE WHOLE CALL 3,500,000.00 3,554,215.00 1.660% 279,062.78 3,833,277.78 1,739
9/25/2015 CN JOHNSON & JOHNSON 2.95% MAKE WHOLE 1,000,000.00 1,058,028.49 1.718% 87,504.84 1,145,533.33 1,803
9/24/2015 CN AUTOMATIC DATA PROCESSING 2.25% MAKE-WHOLI 4,000,000.00 4,029,600.00 2.090% 418,150.00 4,447,750.00 1,818
11/10/2015 CN MICROSOFT 2.00% MAKE WHOLE CALL 5,000,000.00 5,018,550.00 1.920% 479,505.56 5,498,055.56 1,820
6/10/2016 CN MICROSOFT 2.00% MAKE WHOLE CALL 1,500,000.00 1,539,450.00 1.370% 92,466.67 1,631,916.67 1,607
4/28/2016 CN EXXON MOBIL 2.222% MAKE WHOLE CALL 2,000,000.00 2,042,900.00 1.750% 172,263.67 2,215,163.67 1,768
5/26/2016 CN ALPHABET, INC 3.625% MAKE WHOLE CALL 1,000,000.00 1,094,000.00 1.651% 86,545.14 1,180,545.14 1,819
SUB-TOTAL 164,949,000.00 168,251,447.31 1.508% 10,911,468.50 179,162,915.81 1,443
8/15/2012 CD EVERBANK .90% 248,000.00 247,008.00 0.900% 9,926.11 256,934.11 1,461
2/28/2012 CD MERCANTILE BANK OF MICHIGAN 1.15% 248,000.00 247,380.00 1.150% 14,895.62 262,275.62 1,827
12/24/2012 CD DELTA NATL BANK & TRUST .90% 249,000.00 248,377.50 0.952% 11,624.88 260,002.38 1,792
12/24/2012 CD PACIFIC CONTL BANK .90% 249,000.00 248,452.20 0.946% 11,556.33 260,008.53 1,793
12/11/2012 CD BANCO POPULAR DE PR HATO 1.1% 248,000.00 248,000.00 1.100% 13,595.16 261,595.16 1,820
12/17/2012 CD FIRST AMERICAN BANK 1.0% 249,000.00 248,253.00 1.000% 13,128.78 261,381.78 1,816
12/11/2014 CD ALLY BANK 1.55% 247,000.00 247,000.00 1.550% 11,485.50 258,485.50 1,096
12/14/2014 CD FIRST BANK OF PUERTO RICO 1.25% 249,000.00 249,000.00 1.250% 15,562.50 264,562.50 1,096
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
Item #12 - AB #22,374 July 26, 2016 Page 16 of 23
INVESTMENT
DATE TYPE
INVESTMENT REPORT
AS OF JUNE 30, 2016
PAR
SECURITY VALUE
INVESTED
AMOUNT
RETURN
RATE INTEREST
INVESTMENT
RETURN
TERM
(Days)
1/16/2013 CD THE BANK OF HOLLAND 1.00% 249,000.00 248,751.00 1.000% 12,699.00 261,450.00 1,826
1/16/2013 CD BANK OF NORTHERN MICHIGAN 1.00% 249,000.00 248,751.00 1.000% 12,699.00 261,450.00 1,826
1/18/2013 CD STEARNS BANK .90% 249,000.00 248,253.00 1.000% 11,952.00 260,205.00 1,826
1/23/2013 CD FIRST FARMERS BANK & TRUST 1.0% 249,000.00 248,626.50 1.000% 12,823.50 261,450.00 1,826
3/4/2013 CD GATEWAY BANK OF SW FLORIDA .95% 209,000.00 208,373.00 1.070% 10,367.28 218,740.28 1,792
1/29/2016 CD CUSTOMERS BANK 1.20% 248,000.00 248,000.00 1.200% 5,960.27 253,960.27 731
1/30/2013 CD FARMERS & MERCHANTS BANK .90% 249,000.00 248,253.00 0.900% 11,952.00 260,205.00 1,826
2/10/2016 CD ORIENTAL BANK SAN JAUN PR 1.2% NON-CALL 248,000.00 248,000.00 1.200% 5,943.73 253,943.73 730
2/10/2016 CD CADENCE BANK 1.25% NON-CALL 248,000.00 248,000.00 1.250% 6,217.22 254,217.22 733
3/28/2013 CD WASHINGTON FEDERAL SAVINGS 1.0% CALL 249,000.00 248,253.00 1.000% 13,197.00 261,450.00 1,826
4/5/2013 CD BOSTON PRIVATE BANK & TRUST .95% CALL 248,000.00 247,008.00 1.032% 12,765.55 259,773.55 1,825
4/18/2013 CD FIRST STATE BANK NE .95% CALL 249,000.00 248,502.00 0.991% 12,325.50 260,827.50 1,826
4/30/2013 CD FOREST COMMERCIAL BANK .90% CALL 249,000.00 248,253.00 0.960% 11,952.00 260,205.00 1,826
5/29/2015 CD COMPASS BANK BIRMINGHAM NON-CALL 248,000.00 248,000.00 1.300% 9,672.00 257,672.00 1,096
6/4/2015 CD MEDALLION BANK SALT LAKE 1.25% NON-CALL 249,000.00 249,000.00 1.250% 9,337.50 258,337.50 1,096
6/15/2016 CD AMERICA'S CREDIT UNION 1.10% 248,000.00 248,000.00 1.100% 5,456.00 253,456.00 730
1/20/2016 CD KEY BANK NATL ASSN OHIO 1.55% 247,000.00 247,000.00 1.550% 11,528.04 258,528.04 1,098
7/15/2015 CD CAPTIAL ONE 1.95% NON-CALL 249,000.00 249,000.00 1.950% 19,422.00 268,422.00 1,461
7/24/2014 CD AMERICAN EXPRESS BANK 2.00% 247,000.00 247,000.00 2.000% 24,700.00 271,700.00 1,826
8/28/2014 CD ENERBANK USA 2.05% 247,000.00 247,000.00 2.050% 25,317.50 272,317.50 1,826
8/29/2014 CD SYNCHRONY BANK 2.1% 247,000.00 247,000.00 2.100% 25,935.00 272,935.00 1,826
9/24/2014 CD DISCOVER 2.15% 247,000.00 247,000.00 2.150% 26,552.50 273,552.50 1,826
9/24/2014 CD GOLDMAN SACHS BANK 2.15% 247,000.00 247,000.00 2.150% 26,552.50 273,552.50 1,826
10/8/2014 CD CAPITAL ONE ABANK USA 2.10% 247,000.00 247,000.00 2.100% 25,935.00 272,935.00 1,826
10/10/2014 CD GE CAPITAL BANK 2.0% 247,000.00 245,641.50 2.000% 26,058.50 271,700.00 1,826
10/29/2014 CD PEOPLES UTD BANK CT 1.9% 247,000.00 247,000.00 1.900% 23,465.00 270,465.00 1,826
11/3/2014 CD WEBSTER BANK NAT'L ASSOC 1.9% 247,000.00 247,000.00 1.900% 23,465.00 270,465.00 1,827
12/3/2014 CD CIT BANK SALT LAKE CITY 2.2% 247,000.00 247,000.00 2.200% 27,170.00 274,170.00 1,826
12/4/2014 CD AMERICAN EXPRESS CENTURION 2.2% 247,000.00 247,000.00 2.200% 27,170.00 274,170.00 1,826
12/10/2014 CD BMW BANK OF N AMERICA 2.15% 247,000.00 247,000.00 2.150% 26,552.50 273,552.50 1,826
12/23/2014 CD SALLIE MAE BANK SALT LAKE 2.2% 247,000.00 247,000.00 2.200% 26,976.46 273,976.46 1,813
1/23/2015 CD PRIVATE BANK & TRUST 1.90% 247,000.00 247,000.00 1.900% 23,465.00 270,465.00 1,826
7/24/2015 CD EAGLE BANK 1.80% 249,000.00 249,000.00 1.800% 20,169.00 269,169.00 1,645
1/27/2015 CD NORTHFIELD BANK 1.65% 249,000.00 249,000.00 1.650% 20,542.50 269,542.50 1,826
1/30/2015 CD BANK OF GEORGETOWN 1.65% 249,000.00 249,000.00 1.650% 20,542.50 269,542.50 1,826
2/6/2015 CD MACHIAS SAVINGS BANK 1.65% 247,000.00 247,000.00 1.650% 20,377.50 267,377.50 1,826
3/3/2015 CD THIRD FEDERAL SAVING & LOAN 1.75% 247,000.00 246,407.20 1.754% 22,146.09 268,553.29 1,821
3/25/2015 CD WELLS FARGO BANK SIOUX FALLS 1.5% 247,000.00 247,000.00 1.500% 18,525.00 265,525.00 1,827
4/22/2015 CD MARLIN BUSINESS BANK SALT LAKE 1.6% 247,000.00 247,000.00 1.600% 19,760.00 266,760.00 1,827
5/13/2015 CD WORLD FOREMOST BANK SYDNEY 2.00% 200,000.00 200,000.00 2.000% 20,000.00 220,000.00 1,827
6/29/2015 CD FIRST SOURCE BANK 1.85% 247,000.00 246,382.50 1.904% 23,465.00 269,847.50 1,827
7/31/2015 CD INSTITUTION FOR SAVINGS 2.05% 249,000.00 249,000.00 2.050% 25,522.50 274,522.50 1,827
8/21/2015 CD WESTERN STATE BANK 1.95% 249,000.00 248,377.50 2.000% 25,145.00 273,522.50 1,820
8/6/2015 CD ORRSTOWN BANK 2.0% 249,000.00 249,000.00 2.000% 24,706.33 273,706.33 1,841
8/11/2015 CD INVESTOR BANK 2.0% 247,000.00 247,000.00 2.000% 24,700.00 271,700.00 1,841
9/10/2015 CD MERRICK BANK 1.85% 249,000.00 248,377.50 1.910% 23,655.00 272,032.50 1,827
9/22/2015 CD BARCLAYS BANK 2.2% 248,000.00 248,000.00 2.200% 27,190.31 275,190.31 1,821
10/19/2015 CD COMENITY CAP BANK 2.0% 249,000.00 249,000.00 2.000% 24,818.14 273,818.14 1,821
Item #12 - AB #22,374 July 26, 2016 Page 17 of 23
INVESTMENT
DATE TYPE
INVESTMENT REPORT
AS OF JUNE 30, 2016
PAR
SECURITY VALUE
INVESTED
AMOUNT
RETURN
RATE INTEREST
INVESTMENT
RETURN
TERM
(Days)
1/15/2016 CD INVESTORS CMNTY BANK 1.85% 249,000.00 249,000.00 1.850% 23,032.50 272,032.50 1,827
6/10/2016 CD UBS BANK USA SALT LAKE CITY 1.65% 249,000.00 249,000.00 1.650% 20,508.73 269,508.73 1,823
6/23/2016 CD EAST BOSTON SAVING BANK 1.5% 248,000.00 248,000.00 1.500% 18,600.00 266,600.00 1,826
6/24/2016 CD FIRST BUSINESS BK MADISON 1.5% 248,000.00 248,000.00 1.500% 18,600.00 266,600.00 1,826
6/30/2016 CD FIRST TECHNOLOGY FEDERAL CR UNION 1.75% 248,000.00 248,000.00 1.750% 21,700.00 269,700.00 1,826
SUB-TOTAL 15,292,000.00 15,278,182.40 1.572% 1,134,013.53 16,412,195.93 1,680
0 WELLS FARGO BANK 724,361.00 724,361.00 0.020% 0.40 724,361.40 1
0 CORPORATE CASH MANAGEMENT ACCOUNT 9,353,363.63 9,353,363.63 0.020% 5.13 9,353,368.76 1
0 LIBRARY ACCOUNT 866.19 866.19 0.000% - 866.19 1
0 UNION TRUST 468.90 468.90 0.000% - 468.90 1
0 LA I F WATER DISTRICT 35,262,000.00 35,262,000.00 0.550% 538.73 35,262,538.73 1
0 LAI F PUBLIC IMPROVEMENT CORPORATION 31,858,000.00 31,858,000.00 0.550% 486.72 31,858,486.72 1
0 LA IF PUBLIC FINANCING CORPORATION 30,052,000.00 30,052,000.00 0.550% 459.13 30,052,459.13 1
0 LA I F CITY OF CARLSBAD 30,882,000.00 30,882,000.00 0.550% 471.81 30,882,471.81 1
SUB-TOTAL 138,133,059,72 138,133,059.72 0.511% 1,961.90 138,135,021.62
GRAND TOTAL 715,837,393.22 719,458,782.08 1.1475% 31,490,398.20 750,949,180.28
Item #12 - AB #22,374 July 26, 2016 Page 18 of 23
EXHIBIT 8
CITY OF CARLSBAD
Fund Equity in Pooled Investments
AS OF JUNE 30, 2016
Cash Balance by Fund:
General 128,793,196
Special Revenue 43,613,325
Capital Projects:
General Capital Construction 40,784,087
Traffic Impact Fees 20,149,887
Public Facilities Fees 25,900,294
Park Development 8,751,239
Transnet Taxes 6,033,366
Drainage Fees 6,400,549
Special Districts 91,108,140
Infrastructure Replacement 92,319,693
Other Capital Construction 2,710,087 294,157,343
Total
Enterprise:
Carlsbad Municipal Water District 114,040,672
Sewer Fund 52,290,806
Solid Waste 7,221,650
Storm Water 5,434,028
Golf Course 1,689,993
Total 180,677,149
Internal Service 43,019,031
Agency Funds 19,702,498
Trust Funds 1,657,120
Total General Ledger Balance ** 711,619,663
Reconciling Adjustments (1) 6,101,647
Total Treasurer's Investment Portfolio at Amortized Cost 717,721,310
(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 07/13/16
Item #12 - AB #22,374 July 26, 2016 Page 19 of 23
EXHIBIT 9
CITY OF CARLSBAD INVESTMENT PORTFOLIO
As of JUNE 30, 2016
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)
Moody's S&P Fitch
ADP AA3 AA NR
ALPHABET, INC AA2 AA NR
APPLE AA1 AA+ NR
BERKSHIRE HATAWAY AA2 AA A+
CHEVRON AA1 AA- NR
COCA COLA AA3 AA- A+
COLGATE-PALMOLIVE AA3 AA- AA-
EXXON MOBIL AAA AA+ NR
IBM CORP AA3 AA- A+
JOHNSON & JOHNSON AAA AAA AAA
MASS MUTUAL GLOBAL AA2 AM- AM
MICROSOFT AAA AAA -AM
NEW YORK LIFE AAA AM- AAA
PRIVATE EXPORT FUNDING (PEFCO) AAA A+ AAA
PROCTER & GAMBLE AA3 AA- NR
ROYAL BANK OF CANADA AAA AAA AAA
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 *
Latest Carrying Market
Moody's S&P Fitch Maturity Date Value Value
HSBC BANK USA Al AA- NR 06/05/2017 10,000,000 9,840,500
3M COMPANY Al AA- NR 08/07/2020 3,546,687 3,596,845
*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.
Item #12 - AB #22,374 July 26, 2016 Page 20 of 23
EXHIBIT 10
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF JUNE 30, 2016
WEIGHTINGS FOR CORPORATE AND FEDERAL AGENCY ISSUERS
PERCENTAGE WEIGHTINGS BY CORPORATE NOTE ISSUER
Investment Cost Percent of Portfolio*
ADP 4,029,600.00 0.56%
ALPHABET, INC 1,094,000.00 0.15%
APPLE INC 8,575,865.00 1.19%
BERKSHIRE HATHAWAY 18,004,749.13 2.50%
CHEVRON 13,865,384.00 1.93%
COCA COLA CO 7,624,962.52 1.06%
COLGATE-PALMOLIVE 5,963,635.00 0.83%
EXXON MOBIL 8,359,725.00 1.16%
HSBC BANK USA 10,000,000.00 1.39%
IBM CORP 8,749,715.50 1.22%
JOHNSON & JOHNSON 7,443,878.49 1.03%
MASS MUTUAL 6,842,020.01 0.95%
MICROSOFT 8,595,820.00 1.19%
3M COMPANY 3,554,215.00 0.49%
NEW YORK LIFE 9,405,696.83 1.31%
PEFCO 10,256,822.90 1.43%
PROTER & GAMBLE 6,036,796.25 0.84%
ROYAL BANK OF CANADA 2,289,442.50 0.32%
TOYOTA 9,047,805.00 1.26%
WAL-MART 13,511,314.19 1.88%
WESTPAC BANKING CORP 5,000,000.00 0.69%
PERCENTAGE WEIGHTINGS BY FEDERAL AGENCY ISSUER
Investment Cost Percent of Portfolio**
FAMCA 14,098,170.00 1.96%
FICO 8,733,759.39 1.21%
FEDERAL FARM CREDIT BANK 69,766,400.93 9.70%
FEDERAL HOME LOAN BANK 93,818,768.54 13.04%
FEDERAL HOME LOAN MORTGAGE CORP 64,225,320.00 8.93%
FEDERAL NATIONAL MORTGAGE ASSOC 72,776,002.17 10.12%
RFC° STRIP PRINCIPAL 2,750,760.00 0.38%
TENNESSEE VALLEY AUTHORITY 551,225.00 0.08%
U.S.TREASURY 71,075,686.63 9.88%
Total Portfolio $719,458,782.10
* No more than 5% may be invested with a single corporate issuer.
**There are no percentage limits on federal agency issuers. Item #12 - AB #22,374 July 26, 2016 Page 21 of 23
City of Carlsbad
Bond Proceeds Investment Report
June 30, 2016
Fund Type Investments
Stated Int.
Rate
Maturity
Date Par Value Cost Source
Assessment District 03-01 (College/Cannon) Fiscal Agent: BNY Mellon
Project Fund Invesco Prime-Institutional Money Market N/A N/A $ 931,118 $ 931,118 Invesco
Re-Assessment District 97-01 (Alga Road & College Blvd) Fiscal Agent: US Bank
Imprvmnt Fund - Alga Invesco Prime-Institutional Money Market N/A N/A 279,337 $ 279,337 Invesco
Assessment District 95-01 (Carlsbad Ranch) Fiscal Agent: BNY Mellon
Reserve Fund Repub Natl Bank Repo Agreement: HSBC (GIC) 5.83% N/A $ 1,054,237 $ 1,054,237 HSBC Bank of New York
Assessment District 96-01 (Rancho Carrillo) Fiscal Agent: BNY Mellon
Reserve Fund Repub Natl Bank Repo Agreement: HSBC (GIC) 6.03% 09/02/28 $ 1,292,770 $ 1,292,770 I-ISBC Bank of New York
ReAssessment District 2012-1 (College/Cannon & Poinsettia Lane) Fiscal Agent: BNY Mellon
Reserve Fund BNY Goldman Sachs FS Money Market various N/A $ 2,170,668 $ 2,170,668 BNY Mellon
Other BNY Goldman Sachs FS Money Market various N/A $ 6,058 $ 6,058 BNY Mellon
Communities Facilities District #3 Improvement Area 1 Fiscal Agent: BNY Mellon
Project Fund Invesco Prime-Institutional Money Market N/A N/A $ 1,841,732 $ 1,841,732 Invesco
Reserve Fund BNY Dreyfus Money Market various 09/01/36 $ 778,001 $ 778,001 BNY Mellon
Communities Facilities District #3 Improvement Area 2 Fiscal Agent: BNY Mellon
Reserve Fund BNY Dreyfus Money Market various 09/01/38 $ 1,068,229 $ 1,068,229 BNY Mellon
CPFA Golf Course Bonds Fiscal Agent: BNY Mellon
Reserve Fund BNY Mellon (GIC) various N/A $ 1,399,180 $ 1,399,180 BNY Mellon
10,821,330 $ 10,821,330
Documents\junk\Qtr Inv Rpt0616 TT iLIHIHXS Item #12 - AB #22,374 July 26, 2016 Page 22 of 23
City of Carlsbad
Summary of Outstanding Housing Loans
As of June 30, 2016
Borrower Development Purpose
First date
issued
Loans
# of loans
issued
issued by City to Loans issued by
# of loans
outstanding
Loan amount Developer loan
due to City amount due to City
City loan repaid to Developer loan (recorded as (not on City's
City repaid to City AR) books) Type of Loan
developers/ Developer to
homeowners homeowners
Payment deferred 15 years. No interest is due
Individual homebuyers City-wide (CHAP) Sale 06/28/99 133 $1,680,000 $ 19 ($1,674,844) $ $5,156.33 $ 5,156 unless home is sold before 16th year
Payment deferred 30 years. No interest is due Individual homebuyers Calavera Hills Sale 10/15/99 5 75,000 150,000 (60,000) (120,000) 15,000 30,000 45,000 unless home is sold before 31th year
Payment deferred 30 years. No interest is due Individual homebuyers Cherry Tree Walk Sale 06/28/99 42 453,600 452,600 14 (324,000) (283,250) 129,600 169,350 298,950 unless home is sold before 31th year
Payment deferred 30 years. No interest is due Individual homebuyers Serrano Sale 05/25/01 90 1,350,000 4,050,000 25 (1,005,133) (2,700,000) 344,867 1,350,000 1,694,867 unless home is sold before 31th year
Individual homebuyers Rancho Carlsbad Sale 05/20/99 22 752,533 7 (592,646) 159,887 159,887 Principal is due when home is sold
Individual homebuyers Solamar Sale 09/26/88 9 147,726 1 (135,065) 12,661 12,661 Principal is due when home is sold
Catholic Charities Homeless shelter Shelter 09/19/97 1 200,000 1 200,000 200,000 Principal is due when property is sold
Principal and 3% interest each year for 30 years
CB Laurel Tree Apartments Laurel Tree Rentals 12/24/98 2 1,134,000 2 (1,134,000) (0) (0) when surplus cash is available
Principal and 3% interest each year for 55 years USA Properties c/o CFHP Rancho Carrillo Rentals 03/05/01 1 1,157,584 1 (54,385) 1,103,199 1,103,199 when surplus cash is available
Principal and 3% interest each year for 55 years Pacific Vista Las Flores Vista Las Flores Rentals 02/27/01 1 363,948 1 363,948 363,948 when surplus cash is available
Principal and 3% interest each year for 55 years
Poinsettia Housing Assoc Poinsettia Station Rentals 10/21/99 1 920,000 1 (346,022) 573,978 573,978 when surplus cash is available
Principal and 3% interest each year for 15 years
Bridge Housing Corp Villa Loma Rentals 11/04/94 2 2,212,000 o (2,212,000) when surplus cash is available
Principal and 3% interest each year for 55 years
Dove Family Housing La Costa Paloma Rentals 07/15/03 / 2,070,000 1 (2,070,000) (0) (0) when surplus cash is available
Hrincipar ano d Yo interest eacn year tor no years
CIC Calavera LP Mariposa Apts Rentals 09/15/04 1 1,060,000 1 1,060,000 1,060,000 when surplus cash is available Mulberry at Payment deferred 30 years. No interest is due
Individual homebuyers Bressi Ranch Sale 04/29/05 100 1,840,000 19,660,200 100 1,840,000 19,660,200 21,500,200 unless home is sold before 31th year
Payment deferred 30 years. No interest is due
Individual homebuyers Village by the Sea Sale 10/28/05 11 220,000 4,087,200 11 220,000 4,087,200 4,307,200 unless home is sold before 31th year
Principal and 3% interest each year for 55 years
El Camino Family Housing Cassia Heights Rentals 03/07/06 1 1,454,276 1 1,454,276 1,454,276 when surplus cash is available
Payment deferred 45 years. No interest is due
Individual homebuyers Laguna Point Sale 07/06/06 3 210,000 2 (70,000) 140,000 140,000 unless home is sold before 46th year
Payment deferred 30 years. No interest is due
Individual homebuyers The Bluffs Sale 06/14/07 10 200,000 10 200,000 200,000 unless home is sold before 31th year
Refer to Agenda Bill 18,569 / Resolution 2006-
Individual homebuyers Roosevelt Gardens Sale 08/30/07 11 1,583,423 11 1,583,423 1,583,423 131 & AB 19,183 / R2007-255
Refer to AB18,251 / Resolution 2005-264 CIC La Costa Hunter's Point Rentals 08/19/08 1 1,932,000 1 1,932,000 1,932,000 Down Payment & Closing Refer to Agenda Bill 19,415 / Resolution 2008-
Cost Assistance Various Assistance 06/25/09 22 255,518 21 (12,500) 243,018 243,018 121
CIC Glen Ridge, LP Glen Ridge Rentals 10/05/09 1 1,014,000 1 1,014,000 1,014,000 Refer to Agenda Bill 397 / Resolution 435 Tavarua Senior Apartments,
LP Tavarua Rentals 12/14/11 1 1 Refer to Agenda Bill 418 / Resolution 475 North County Solutions for Refer to Agenda Bill 20,936/Resolution 2012-
Change Property Acquisition Rentals 06/28/12 1 780,000 1 780,000 780,000 136
Refer to AB19,768/R2009-068;
Catholic Charities Homeless shelter Shelter 03/01/10 3 507,585 3 507,585 507,585 AB20,530/R2011-081; AB20,764/R2011-288
Minor
Individual homeowners N/A Home 05/20/10 10 39,676 a (2,083) 37,593 37,593 Refer to AB19,415 / Resolution 2008-121
Property
Hospice of North Coast N/A Acquisition 02/27/13 1 1,065,000 1 1,065,000 1,065,000 Refer to AB21,116/Resolution 2013-027
Property
Harding Street Neighbors, LP Carol-Harding Duplex Acquisition 03/14/13 1 7,408,000 1 7,408,000 7,408,000 Refer to AB21,028/Resolution 2012-235
Tracy Templeton Laguna Point Sale 04/17/13 1 108,150 1 108,150 108,150 TBD
Payment deferred 30 years. No interest is due
Thomas & Judy Kim Rose Bay Sale 08/23/13 1 229,775 1 229,775 229,775 unless home is sold before 3116 year
Property
Solutions for Change N/A Acquisition 12/19/14 1 2,646,000 1 2,646,000 2,646,000 Refer to AB21,763/Resolution 2014-243 tri
Allowances (1,605,178) (1,605,178) X
491 $ 33,464,616 $ 28,400,000 251 $ (9,692,679) $ (3,103,250) $ 23,771,938 $ 25,296,750 $ 50,673,866 H
MI April 2016: received $3,243.36 in CHAP loan repayments; received a $121,742.78 payment related to the Poinsettia Station Apartments. May 2016: received $1,469 in CHAP loan payments; received the final payment for the La Costa Paloma development. June H 2016: received $1,919 CHAP loan repayments 1-3
Item #12 - AB #22,374 July 26, 2016 Page 23 of 23