HomeMy WebLinkAbout2017-02-14; City Council; ; Approve: Report on City Investments as of December 31, 2016CA Review
a*C4444.CITY COUNCIL
41':O Staff Report
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Meeting Date February 14, 2017
To:Mayor and Council
Members/From:Kevin Crawford, City Manage
Staff Contact:Craig Lindholm, City Treasurer; Nancy Sullivan, Deputy City Treasurer
Nancy.Sullivan@carlsbadca.gov or 760-602-2473
Subject Approve: Report on City Investments as of December 31, 2016
Recommended Action
Accept and file report.
Executive Summary/Discussion
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 September 30, 2016 is summarized below.
Pooled Investment Portfolio (Cash and Securities)
Current Month Prior Month
Par Value 688,127,730 671,722,249
Cost of Investments 692,313,343 675,952,981
Amortized Cost (1)690,360,572 674,099,853
Market Value (2)687,209,766 671,348,924
(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 12/31/16.
The equity portion of the various funds in the total portfolio is summarized in the graph one the next
page.Fund balances are restricted for various purposes.See Exhibit 8 for a more detailed
breakdown.
The $16 million dollar increase between the November and December 2016 report was due mainly to
the receipt of $19 million for property taxes.
Report on City Investments December 31, 2016
Meeting Date: February 14, 2017
Page 2
FUND EQUITY IN POOLED INVESTMENTS
(Dollar Amounts in Millions)
General Special Revenue
$110.5 $26
Internal Service $44 Capital Projects
Agency/Trust $14.7 $ 316
Enterprise $178.8
Total Treasurer's Investment Portfolio at Amortized Cost
December 31, 2016 $690 million
Pooled Investment Interest Income
Current Prior Current Month
Cash Income Fiscal
Year-to-Date *4,445,470 3,868,723 576,747
*The cash income received is adjusted for any accrued interest purchased.
Pooled Investment Performance/Measurement
Average Life Average Yield
(Years)To Maturity Modified Du ration
October 2016 1.92 1.184%1.864
November 2016 1.95 1.210%1.878
December 2016 1.92 1.207%1.847
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.
Report on City Investments December 31, 2016
Meeting Date: February 14,2017
Page 3
Investment Portfolio for Bond Proceeds
Current Quarter Prior Quarter
Par Value 21,078,776 21,075,363
Cost 21,078,776 21,075,363
Fiscal Analysis
None
Next Steps
The Report on City Investments is produced monthly by the City Treasurer.
Environmental Evaluation (CEQA)
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.
Public Notification
This report is made available at least 72 hours prior to the posting of the agenda.
Exhibits
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.Second 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
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF DECEMBER 31, 2016
BREAKDOWN BY AMORTIZED COST, MARKET VALUE, CASH INCOME, AND AVERAGE WELD BY CLASS
AMORTIZED COST MARKET VALUE AVERAGE YIELD
Cash Income
Class Current Month Prior Month Current Month Prior Month Year to Date Current Month Prior Month
CD 15,037,338 15,037,149 15,123,502 15,249,660 114,500 1.58 1.58
FN 16,906,109 16,883,124 16,860,252 16,847,933 0 1.59 1.59
TR 99,981,750 81,744,462 99,773,700 81,548,085 380,308 1.25 1.21
FA 287,348,966 298,878,161 285,372,446 297,165,557 1,922,789 1.23 1.20
CN 162,445,679 162,521,708 161,439,137 161,502,440 1,697,273 1.50 1.50
LAI F 90,427,000 95,703,000 90,427,000 95,703,000 330,360 0.68 0.67
CUSTODY 12,152,953 675 12,152,953 675 32 0.00 0.00
SWEEP 5,519,623 2,108,439 5,519,623 2,108,439 210 0.02 0.02
BANK ACCT 541,155 1,223,135 541,155 1,223,135 0 0.02 0.02
TOTALS 690,360,572 $674,099,853 $687,209,766 $671,348,925 4,445,470 1.21%1.21%
CD -Certificate of Deposit FA -Federal Agency Custody -Investment Cash account
FN -Federal Discount Notes CN -Corporate Notes SWEEP -General Fund Overnight Cash acccount t7iTR-US Treasury LAW -Local Agency Investment Fund Bank Account -General Fund Cash account X
WH
WH
1-3
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CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF DECEMBER 31, 2016
BREAKDOWN OF MATURITIES BY CLASSIFICATION AND LENGTH OF TIME
CLASS WITHIN 6 MONTHS 7 MONTHS TO 1 YEAR 1 TO 5 YEARS TOTAL % TOTAL
CD 247,380 1,489,332 13,293,206 15,029,917 2.2%
FN 0 0 16,511,804 16,511,804 2.4%
TR 8,993,327 19,093,008 71,971,753 100,058,088 14.5%
FA 21,650,485 34,767,885 231,311,301 287,729,671 41.6%
CN 35,829,211 3,272,778 125,241,144 164,343,132 23.7% (2)
LAIF 90,427,000 0 0 90,427,000 13.1%
CUSTODY 12,152,953 0 0 12,152,953 1.8%
SWEEP 5,519,623 0 0 5,519,623 0.8%
BANK ACCT 541,155 0 0 541,155 0.1%
TOTALS $175,361,133 (1)$58,623,002 (1)$458,329,207 $692,313,343 100.0%
% TOTALS 25.3%8.5%66.2%100.0%
Total within One Year $233,984,135 (1)
33.8%
POLICY:(1) Not less than $168,954,000 to mature within one year.(2/3rds of current year operating budget of$253,430.000.00)
(2)Policy states that not more than 30%of portfolio is to be invested in corporate notes.txix=
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YIELD COMPARISON
PORTFOLIO EX-LAIF VS. LAIF
JULY 2010 -DECEMBER 2016
2.70
2.602.50
2.40
2.302/0 -4-EX -LAI I-
2.10
2.00
1.901.801.70
1.60
1.50
1.40
1.30
1.20
1.10
1.00
0.900.800.70
0.600.50
0.400.30
0.20
0.10
041/41 4‘\itt 04‘e pgs 06*4%n3 gp4Q‘VC\OC>
4‘111 ttit #Oc>v-gt #Oc>to ttit v*
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MARKET YIELD CURVE
6/3 0/1 5, 6/30/1 6, 12/31 /1 6
Market Rates3.5
3
2.5
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2 —
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1.5 —see ....... A
4.4.sat ee1 ........radeeeeeewagonesome
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3 Mth 2Yr 5Yr 10 Yr
3 Mth 2Yr 5Yr 10 Yr
—N-6/30/2015 .01 .65 1.65 2.35 Li
—gal-6/30/2016 .26 .58 1.00 1.47 to"
0-12/31/2016 .50 1.19 1.93 2.44 HI
4.
Cumulative Cash Income
FY1 6 -1 7
Cumulative Monthly Interest Income
Millions $(December 2016)Millions $
10 -8
9 -7
8
ar--67
6 .r'-55r"
5 Ape 4
4 -3
3
0.95 -220.66
____0.76 0.83 0.68 0 58 -11e-•
0 ti 1i 0
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun tri
Interest Income -4 --Budget -•-Actual YTD
Ls.
TRANSACTIONS FOR PERIOD:
10/01116 TO 12/31/16 2nd QUARTER 2016-2017
Trans Investment Call Par Amount Return Investment
Date Date Type Security Date Value Coupon %Costt Rate Interest Return
BUYS
OCTOBER
10/11/16 10/12/16 FA FHLB N/A 1,800,000.00 1.375%1,808,975.18 1.244%87,893.57 1,896,868.75
10/11/16 10/12/16 FA FHLB 1/6/2017 1,800,000.00 1.375%1,797,300.00 1.414%101,287.50 1,898,587.50
10/11/16 10/12/16 FA WA N/A 3,000,000.00 3.875%3,315,660.00 1.370%189,058.75 3,504,718.75
10/11/16 10/12/16 FA FHLB N/A 1,500,000.00 2.250%1,559,427.00 1.370%97,979.25 1,657,406.25
10/11/16 10/14/16 CN COCA COLA N/A 3,600,000.00 1.550%3,581,496.00 1.660%290,839.00 3,872,335.00
10/25/16 10/26/16 FA FFCB N/A 1,600,000.00 0.750%1,598,592.00 0.810%19,141.33 1,617,733.33
10/25/16 10/26/16 TR US TREASURY N/A 2,400,000.00 0.750%2,400,000.00 0.750%27,244.57 2,427,244.57
10/25/16 10/26/16 FA FHLB N/A 2,500,000.00 1.125%2,476,850.00 1.328%155,806.25 2,632,656.25
10/27/16 10/28/16 TR US TREASURY N/A 1,750,000.00 1.375%1,759,570,31 1.235%86,875.85 1,846,446.16
10/27/16 10/28/16 TR US TREASURY N/A 2,500,000.00 1.125%2,477,400.00 1.325%154,053.80 2,631,453.80
10/27/16 10/28/16 FA FNMA N/A 2,500,000.00 1.375%2,491,075.00 1.450%178,794.79 2,669,869.79
NOVEMBER
11/04/16 11/07/16 FN FNMA N/A 2,200,000.00 0.000%2,115,792.80 1.340%84,207.20 2,200,000.00
11/02/16 11/07/16 CN IBM N/A 1,000,000.00 2.900%1,052,600.00 1.792%91,916.67 1,144,516.67
11/16/16 11/17/16 TR US TREASURY N/A 2,000,000.00 2.000%2,030,000.00 1.683%168,121.55 2,198,121.55
11/16/16 11/17/16 FA FNMA 1/28/2017 2,600,000.00 1.000%2,596,100.00 2.079%256,027.78 2,852,127.78
11/17/16 11/18/16 TR US TREASURY N/A 2,000,000.00 2.000%2,028,360.00 1.700%169,651.05 2,198,011.05
11/21/16 11/22/16 TR US TREASURY N/A 2,000,000.00 2.000%2,016,562.50 1.825%182,664.02 2,199,226.52
11/17/16 11/29/16 FA FFCB N/A 3,000,000.00 1.760%3,000,000.00 1.760%264,000.00 3,264,000.00
DECEMBER
12/01/16 12/02/16 TR US TREASURY N/A 2,750,000.00 1.875%2,776,034.25 0.830%20,970.24 2,797,004.49
12/01/16 12/02/16 TR US TREASURY N/A 1,500,000.00 1.625%1,500,000.00 1.625%89,286.68 1,589,286.68
12/01/16 12/02/16 TR US TREASURY N/A 1,200,000.00 1.375%1,186,200.00 1.680%78,341.44 1,264,541.44
12/01/16 12/02/16 TR US TREASURY N/A 1,600,000.00 2.125%1,615,500.00 1.913%148,615.38 1,764,115.38 ..12/15/16 12/16/18 TR US TREASURY N/A 2,000,000.00 2.875%2,045,792,00 1.080%28,294.54 2,074,086.54
12/16/16 12/19/16 FA FAMCA N/A 500,000.00 1.860%505,300.00 1.390%16,167.50 521,467.50
12/16/16 12/19/16 TR US TREASURY N/A 800,000.00 1.250%798,640,00 1.323%25,006.41 823,646.41
12/16/16 12/19/16 TR US TREASURY N/A 1,350,000.00 1.625%1,345,570.31 1.721%81,926.29 1,427,496.60
12/15/16 12/16/16 TR US TREASURY N/A 2,250,000.00 2.000%2,250,000.00 2.000%200,521.98 2,450,521.98
12/15/16 12/16/16 TR US TREASURY N/A 2,650,000.00 1.125%2,547,312,50 2.022%238,058.93 2,785,371.43
12/21/16 12/22/16 TR US TREASURY N/A 2,200,000.00 1.375%2,184,531.25 1.602%111,901.07 2,296,432.32
TOTAL SECOND QUARTER 2016-2017 58,550,000.00 58,860,641.10 1.496%3,644,653.39 62,505,294.49
MATURITIES
OCTOBER 10/06/11 FA FFCB N/A 5,000,000.00 1.300%5,000,000.00 1.300%325,000.00 5,325,000.00
11/03/15 TR US TREASURY N/A 3,000,000.00 1.000%3,016,308.00 0.450%13,444.75 3,029,752.75
NOVEMBER NONE
DECEMBER 11/27/12 FA FHLB N/A 5,000,000.00 0.550%5,000,000,00 0.550%112,291.67 5,112,291.67 tr1
12/27/12 FA FFCB N/A 3,000,000.00 0.600%3,000,000.00 0.600%90,000.00 3,090,000.00 Z
04/30/13 FA FHLB N/A 4,000,000.00 0.500%4,000,000.00 0.500%73,333.33 4,073,333.33 H
edHTOTAL SECOND QUARTER 2016-2017 20,000,000.00 20,016,308.00 0.720%614,069.75 20,630,377.75 H
cm
_.
TRANSACTIONS FOR PERIOD:
10/01/16 TO 12/31/16 2nd QUARTER 2016-2017
Trans Investment Call Par Amount Return Investment
Date Date Type Security Date Value Coupon fCosB Rate Interest Return
CALLS -
OCTOBER
02/25/16 02/26/16 FA FHLB (partial call)10/5/2016 3,520,000.00 1.690%3,520,000.00 1.690%782,374.80 4,302,374.80
08/21/15 08/26/15 CD WESTERN STATE BANK 10/14/2016 249,000.00 1.950%248,377.50 2.000%25,145.00 273,522.50
10/15/15 10/27/15 FA FNMA 10/27/2016 5,000,000.00 1.470%5,000,000.00 1.470%367,500.00 5,367,500.00
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
05/15/15 05/18/15 FA FNMA 10/30/2015 4,416,000.00 1.125%4,418,428.80 1.106%144,127.20 4,562,556.00
05/22/13 05/23/13 FA FHLMC 10/30/2015 3,000,000.00 1.050%3,000,000.00 1.050%155,487.50 3,155,487.50
01/14/14 01/15/14 FA FHLMC 10/30/2015 1,000,000.00 1.100%980,870.00 1.538%69,088.33 1,049,958.33
NOVEMBER
03/07/13 03/12/13 FA FFCB 11/8/2016 5,000,000.00 1.030%4,991,500.00 1.065%266,000.00 5,257,500.00
TOTAL SECOND QUARTER 2016-2017 23,685,000.00 23,659,176.30 1.306%1,905,347.83 25,564,524.13
INVESTMENT REPORT
AS OF DECEMBER 31, 2016
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN fEsni
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
5/15/2015 FA NA 5.50% NON-CALL 500,000.00 551,225.00 0.742%8,587.50 559,812.50 795
7/25/2016 FA FHLB .625% NON-CALL 2,000,000.00 1,999,700.00 0.640%12,800.00 2,012,500.00 365
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
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%124,75315 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
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
7/21/2016 FA FHLB 1.375% NON-CALL 5,000,000.00 5,048,990.00 0.770%63,301.67 5,112,291.67 596
10/26/2016 FA FFCB 0.75% NON-CALL 1,600,000.00 1,598,592.00 0.810%19,141.33 1,617,733.33 539
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
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 XCri
7/27/2016 FA FNMA .875% ONE CALL 7/27/17 3,000,000.00 2,997,750.00 0.913%54,750.00 3,052,500.00 730
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 H
I:d5/5/2014 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 H
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 I-R
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 -....I
INVESTMENT REPORT
AS OF DECEMBER 31, 2016
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN fan"
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 6114/15 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
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
12/19/2016 FA FAMCA 1.86% NON-CALL 500,000.00 505,300.00 1.390%16,167.50 521,467.50 842
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
7/26/2016 FA FNMA 1.05% ONE CALL 7/26/18 2,300,000.00 2,300,000.00 1.050%48,300.00 2,348,300.00 1,095
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
8/30/2016 FA FNMA 1.0% ONE CALL 8/28/18 2,400,000.00 2,400,000.00 1.000%71,866.67 2,471,866.67 1,093
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
7/19/2016 FA FHLMC 1.25% NON-CALL 3,000,000.00 3,027,363.00 1.250%92,741.17 3,120,104.17 1,170
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
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
7/28/2016 FA FNMA 1.20% CALL 7/28/17 ONE TIME 4,850,000.00 4,850,000.00 1.200%203,700.00 5,053,700.00 1,279
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
...
INVESTMENT REPORT
AS OF DECEMBER 31, 2016
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN 1121yEl
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
7/13/2016 FA FNMA 1.25% CALL 4/13/17 ONE TIME 5,000,000.00 5,000,000.00 1.250%234,375.00 5,234,375.00 1,370
7/28/2016 FA FNMA 1.25% CALL 4/28/17 ONE TIME 3,750,000.00 3,750,000.00 1.250%175,781.25 3,925,781.25 1,370
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
7/13/2016 FA FFCB 1.19% CALL 7/13/17 CONT 4,250,000.00 4,250,000.00 1.190%202,300.00 4,452,300.00 1,461
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
9/7/2016 FA FFCB 1.32% CALL 8/24/17 CONT 3,000,000.00 2,998,260.00 1.335%158,710.00 3,156,970.00 1,447
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
10/12/2016 FA FHLB 1.375% NON-CALL 1,800,000.00 1,808,975.18 1.244%87,893.57 1,896,868.75 1,430
10/12/2016 FA FHLB 1.375% CALL 1/6/17 1,800,000.00 1,797,300.00 1.414%101,287.50 1,898,587.50 1,455
7/22/2016 FA FNMA 1.65% NON-CALL 3,250,000.00 3,316,612.00 1.165%166,507.79 3,483,119.79 1,589
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
7/19/2016 FA FHLB 1.40% CALL 10/19/16 CONT 3,500,000.00 3,500,000.00 1.400%220,500.00 3,720,500.00 1,645
9/9/2016 FA FAMCA 1.550% NON-CALL 2,000,000.00 2,018,640.00 1.550%117,071.11 2,135,711.11 1,599
10/12/2016 FA TENN VALLEY AUTHORITY 3.875% NON-CALL 3,000,000.00 3,315,660.00 1.370%189,058.75 3,504,718.75 1,587
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 480,000.00 480,000.00 1.690%74,495.20 554,495.20 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
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
10/12/2016 FA FHLB 2.25% NON-CALL 1,500,000.00 1,559,427.00 1.370%97,979.25 1,657,406.25 1,703
10/26/2016 FA FHLB 1.125% NON-CALL 2,500,000.00 2,476,850.00 1.328%155,806.25 2,632,656.25 1,722
11/17/2016 FA FNMA1.00% CALLI 1/28/17 QRTLY CALL STEP 2,600,000.00 2,596,100.00 2.079%256,027.78 2,852,127.78 1,714
10/28/2016 FA FNMA 1.375%NON-CALL 2,500,000.00 2,491,075.00 1.450%178,794.79 2,669,869.79 1,805
11/29/2016 FA FFCB 1.76% NON-CALL 3,000,000.00 3,000,000.00 1.760%264,000.00 3,264,000.00 1,826
SUB-TOTAL 286,216,000.00 287,729,670.99 1.228%13,898,260.99 301,627,931.98 1,376
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%141,408.61 2,100,000.00 1,639
9/23/2015 FN FICO 0% NON-CALL 3,200,000.00 3,003,168.00 1.590%196,832.00 3,200,000.00 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
11/7/2016 FN FNMA 0% NON-CALL 2,200,000.00 2,115,792.80 1.340%84,207.20 2,200,000.00 1,066
INVESTMENT REPORT
AS OF DECEMBER 31, 2016
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN pm'
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 17,663,000.00 16,511,804.04 1.5902%1,151,195.96 17,663,000.00 3,0D5
Federal Investments Total 303,879,000.00 304,241,475.03 15,049,456.95 319,290,931.98 2,191
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
12/2/2016 TR US TREASURY 1.875%2,750,000.00 2,776,034.25 0.830%20,970.24 2,797,004.49 333
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
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
12/16/2016 TR US TREASURY 2.875%2,000,000.00 2,045,792.00 1.080%28,294.54 2,074,086.54 470
10/26/2016 TR US TREASURY .75%2,400,000.00 2,400,000.00 0.750%27,244.57 2,427,244.57 551
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
12/19/2016 TR US TREASURY 1.25%800,000.00 798,640.00 1.323%25,006.41 823,646.41 862
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 1.625%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
12/22/2016 TR US TREASURY 1.375%2,200,000.00 2,184,531.25 1.602%111,901.07 2,296,432.32 1,164
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
12/19/2016 TR US TREASURY 1.625%1,350,000.00 1,345,570.31 1.721%81,926.29 1,427,496.60 1,289
12/2/2016 TR US TREASURY 1.625%1,500,000.00 1,500,000.00 1.625%89,286.68 1,589,286.68 1,337
INVESTMENT REPORT
AS OF DECEMBER 31, 2016
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN QUA'
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
10/28/2016 TR US TREASURY 1.375%1,750,000.00 1,759,570.31 1.235%86,875.85 1,846,446.16 1,464
12/2/2016 TR US TREASURY 1.375%1,200,000.00 1,186,200.00 1.680%78,341.44 1,264,541.44 1,429
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
8/19/2016 TR US TREASURY 1.375%3,000,000.00 3,037,662.00 1.100%156,145.74 3,193,807.74 1,715
12/16/2016 TR US TREASURY 2.000%2,250,000.00 2,250,000.00 2.000%200,521.98 2,450,521.98 1,627
10/28/2016 TR US TREASURY 1.125%2,500,000.00 2,477,400.00 1.325%154,053.80 2,631,453.80 1,706
12/16/2016 TR US TREASURY 1.125%2,650,000.00 2,547,312.50 2.022%238,058.93 2,785,371.43 1,657
12/2/2016 TR US TREASURY 2.125%1,600,000.00 1,615,500.00 1.913%148,615.38 1,764,115.38 1,763
11/17/2016 TR US TREASURY 2.00°A)2,000,000.00 2,030,000.00 1.683%168,121.55 2,198,121.55 1,809
11/18/2016 TR US TREASURY 2.00%2,000,000.00 2,028,360.00 1.700%169,651.15 2,198,011.15 1,808
11/22/2016 TR US TREASURY 2.00%2,000,000.00 2,016,562.50 1.825%182,664.02 2,199,226.52 1,819
SUB-TOTAL 99,665,000.00 100,058,087.75 1.248%4,784,293.15 104,842,380.90 1,266
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
9/29/2016 CN ROYAL BANK OF CANADA 1.20%NON-CALL 1,275,000.00 1,276,597.58 1.070%13,277.42 1,289,875.00 355
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
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
•
INVESTMENT REPORT
AS OF DECEMBER 31, 2016
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN fEigni
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
7/12/2016 CN IBM CORP 7.625% MAKE WHOLE CALL 2,628,000.00 3,005,118.00 1.167%75,418.12 3,080,536.12 825
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-WHOL 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
7/26/2016 CN EXXON MOBIL 2.222% MAKE WHOLE CALL 1,000,000.00 1,034,050.00 1.440%68,038.55 1,102,088.55 1,679
9/16/2016 CN TOYOTA 1.90% MAKE WHOLE CALL 3,000,000.00 3,031,680.00 1.659%228,303.33 3,259,983.33 1,665
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
9/13/2016 CN MIRCOSOFT 1.55% MAKE WHOLE CALL 6,000,000.00 5,995,740.00 1.565%460,218.33 6,455,958.33 1,790
10/14/2016 CN COCA COLA 1.55% MAKE WHOLE CALL 3,600,000.00 3,581,496.00 1.660%290,839.00 3,872,335.00 1,783
11/7/2016 CN IBM 2.90% MAKE WHOLE CALL 1,000,000.00 1,052,600.00 1.792%91,916.67 1,144,516.67 1,820
SUB-TOTAL 160,902,000.00 164,343,131.96 1.498%10,426,296.57 174,769,428.53 1,421
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
INVESTMENT REPORT
AS OF DECEMBER 31, 2016
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN ipayai
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
12/11/2014 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
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
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
8/25/2016 CD BMO HARRIS BANK 1.10%248,000.00 248,000.00 1.100%5,456.00 253,456.00 729
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
8/30/2016 CD WASHINGTON TRUST 1.2%248,000.00 248,000.00 1.200%8,928.00 256,928.00 1,095
9/16/2016 CD ISRAEL DISCOUNT BK OF NY 1.3%248,000.00 248,000.00 1.300%9,689.91 257,689.91 1,095
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
INVESTMENT REPORT
AS OF DECEMBER 31, 2016
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN ipayai
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
8/6/2015 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
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 15,041,000.00 15,029,917.40 1.577%1,097,064.05 16,126,981.45 1,642
O WELLS FARGO BANK 540,810.00 540,810.00 0.020%0.30 540,810.30 1
O CORPORATE CASH MANAGEMENT ACCOUNT 5,519,622.97 5,519,622.97 0.020%3.02 5,519,625.99 1
O LIBRARY ACCOUNT 344.81 344.81 0.000%-344.81 1
O UNION TRUST 12,152,952.58 12,152,952.58 0.000%0.03 12,152,952.61 1
O L A I F WATER DISTRICT 20,984,000.00 20,984,000.00 0.680%396.36 20,984,396.36 1
O LA I F PUBLIC IMPROVEMENT CORPORATION 23,651,000.00 23,651,000.00 0.680%446.74 23,651,446.74 1
O LA I F PUBLIC FINANCING CORPORATION 23,460,000.00 23,460,000.00 0.680%443.13 23,460,443.13 1
O L A I F CITY OF CARLSBAD 22,332,000.00 22,332,000.00 0.680%421.83 22,332,421.83 1
SUB-TOTAL 108,640,730.36 108,640,730.36 0.567%1,711.42 108,642,441.78
GRAND TOTAL 688,127,730.36 692,313,342.50 1.2074%31,358,822.14 723,672,164.64
EXHIBIT 8
CITY OF CARLSBAD
Fund Equity in Pooled Investments
AS OF DECEMBER 31, 2016
Cash Balance by Fund:
General 110,584,271
Special Revenue 26,070,406
Capital Projects:
General Capital Construction 38,505,851
Traffic Impact Fees 18,196,363
Public Facilities Fees 26,782,883
Park Development 9,810,158
Transnet Taxes 5,838,368
Drainage Fees 6,659,379
Special Districts 93,196,176
Infrastructure Replacement 100,504,643
Other Capital Construction 16,635,156 316,128,977
Total
Enterprise:
Carlsbad Municipal Water District 119,196,247
Sewer Fund 44,828,002
Solid Waste 7,236,821
Storm Water 6,021,782
Golf Course 1,546,327
Total 178,829,179
Internal Service 44,989,301
Agency Funds 14,549,845
Trust Funds 158,438
Total General Ledger Balance**691,310,417
Reconciling Adjustments (1)(949,845)
Total Treasurer's Investment Portfolio at Amortized Cost 690,360,572
(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 1/10/17
EXHIBIT 9
CITY OF CARLSBAD INVESTMENT PORTFOLIO
As of DECEMBER 31, 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 AA2 AA-NR
COCA COLA AA3 AA-A+
COLGATE-PALMOLIVE AA3 M -AA-
EXXON MOBIL AAA AA+NR
IBM CORP AA3 AA-A+
JOHNSON & JOHNSON AAA AAA AAA
MASS MUTUAL GLOBAL AA2 AA+AA+
MICROSOFT AAA AM AA+
NEW YORK LIFE AAA AA+AAA
PRIVATE EXPORT FUNDING (PEFCO)AAA NR AAA
ROYAL BANK OF CANADA AAA AM 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 Al/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 9,862,500
3M COMPANY Al M -NR 08/07/2020 3,540,993 3,496,360
"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 DECEMBER 31, 2016
WEIGHTINGS FOR CORPORATE AND FEDERAL AGENCY ISSUERS
PERCENTAGE WEIGHTINGS BY CORPORATE NOTE ISSUER
Investment Cost Percent of Portfolio*
ADP 4,029,600.00 0.58%
ALPHABET, INC 1,094,000.00 0.16%
APPLE INC 8,575,865.00 1.24%
BERKSHIRE HATHAWAY 12,981,893.88 1.88%
CHEVRON 13,865,384.00 2.00%
COCA COLA CO 8,073,352.17 1.17%
COLGATE-PALMOLIVE 5,963,635.00 0.86%
EXXON MOBIL 9,393,774.99 1.36%
HSBC BANK USA 10,000,000.00 1.44%
IBM CORP 9,138,239.42 1.32%
JOHNSON & JOHNSON 7,443,878.49 1.08%
MASS MUTUAL 6,842,020.01 0.99%
MICROSOFT 14,591,560.00 2.11%
3M COMPANY 3,554,215.00 0.51%
NEW YORK LIFE 9,405,696.83 1.36%
PE FCO 10,256,822.90 1.48%
ROYAL BANK OF CANADA 3,566,040.08 0.52%
TOYOTA 7,055,840.00 1.02%
WAL-MART 13,511,314.19 1.95%
WESTPAC BANKING CORP 5,000,000.00 0.72%
PERCENTAGE WEIGHTINGS BY FEDERAL AGENCY ISSUER
Investment Cost Percent of Portfolio**
FAMCA 16,622,110.00 2.40%
FICO 8,733,759.39 1.26%
FEDERAL FARM CREDIT BANK 57,173,350.43 8.26%
FEDERAL HOME LOAN BANK 79,150,576.04 11.43%
FEDERAL HOME LOAN MORTGAGE CORP 49,271,813.00 7.12%
FEDERAL NATIONAL MORTGAGE ASSOC 86,672,221,17 12.52%
RFCO STRIP PRINCIPAL 2,750,760.00 0.40%
TENNESSEE VALLEY AUTHORITY 3,866,885.00 0.56%
U.S.TREASURY 100,058,087.76 14.45%
Total Portfolio $692,313,342.50
No more than 5% may be invested with a single corporate issuer.
**There are no percentage limits on federal agency issuers.
City of Carlsbad
Bond Proceeds Investment Report
December 31, 2016
Stated Int.Maturity
Fund Type Investments Rate Date Par Value Cost Source
Assessment District 03-01 (College/Cannon)Fiscal Agent:BNY Mellon
Project Fund Invesco Gov. & Agency -Institutional Money Market N/A N/A $932,703 $932,703 Invesco
Re-Assessment District 97-01 (Alga Road & College Blvd)Fiscal Agent:US Bank
Imprvmnt Fund -Alga Invesco Gov. & Agency -Institutional Money Market N/A N/A $279,813 $279,813 Invesco
Assessment District 95-01 (Carlsbad Ranch)Fiscal Agent:BNY Mellon
Reserve Fund Repub Natl Bank Repo Agreement: HSBC (GIC)5.83%N/A $1,084,962 $1,084,962 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 HSBC Bank of New York
ReAssessment District 2012-1 (College/Cannon & Poinsettia Lane)Fiscal Agent:BNY Mellon
Reserve Fund Invesco Gov. & Agency -Institutional Money Market various N/A $2,174,323 $2,174,323 BNY Mellon
Other Invesco Gov. & Agency -Institutional Money Market various N/A $29 $29 BNY Mellon
Communities Facilities District #3 Improvement Area 1, 2016 Bonds Fiscal Agent:BNY Mellon
Reserve Fund Invesco Gov. & Agency -Institutional Money Market various 09/01/36 $547,876 $547,876 BNY Mellon
Cost of Issuance Invesco Gov. & Agency -Institutional Money Market various 09/01/36 $18,401 $18,401 BNY Mellon
Communities Facilities District #3 Improvement Area 2, 2016 Bonds Fiscal Agent:BNY Mellon
Escrow Fund Invesco Gov. & Agency -Institutional Money Market various 09/01/18 $13,926,893 $13,926,893 BNY Mellon
Reserve Fund Invesco Gov. & Agency -Institutional Money Market various 09/01/38 $811,103 $811,103 BNY Mellon
Cost of Issuance Invesco Gov. & Agency -Institutional Money Market various 09/01/38 $9,903 $9,903 BNY Mellon
$21,078,776 $21,078,776
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FAMy Documents\junk\Qtr Inv Rpt 1216 i—
City of Carlsbad
Summary of Outstanding Housing Loans
As of December 31, 2016
Loan amount Developer roan
Loans issued by City Loans issued by Developer due to City amount due toFirst date #of loans to developers/Developer to #of loans City loan repaid loan repaid to (recorded as City (not onBorrowerDevelopmentPurposeissuedissuedhomeownershomeownersoutstandingto City City AR)City's books)Type of Loan
Individual homebuyers City-wide (CHAP)Sale 06/28/99 133 $1,680,000 $-4 ($1,680,000)$-($0.08)$-(0)uPnalYmessenhtodm'er'''issoldtbM"reefa.1131Beh irn""tpear
Isdun
Payment deferred 30 years.No interest Is dueIndividual homebuyers Calavera Hills Sale 10/15/99 5 75,000 150,000 1 (60,000)(120,000)15,000 30,000 45,000 unless home is arid before 37th year
Payment deferred 30 years.No interest Is dosIndividual homebuyers Cherry Tree Walk Sale 06/28/99 42 453,600 452,600 12 (324,000)(283,250)129,600 169,350 298,950 unless home is sold before 37th year
Payment deferred 30 years.No Interest Is dueIndividual homebuyers Serrano Sale 05/25/01 90 1,350,000 4,050,000 23 (1,020,135)(2,745,000)329,865 1,305,000 1,634,865 unless home is sold before 31thyeaIndividual homebuyers Rancho Carlsbad Sale 05/20/99 22 752,533 5 (592,646)159,887 159,887 Principal is due when homeis soldIndividual homebuyers Solamar Sale 09/26/88 9 147,726 -1 (135,065)-12,661 -12,661 Principal is due when homeis soldCatholic 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 yearsCB 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 yearsUSA 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 yearsPacific Vista Las Flores Vista Las Flores Rentals 02/27/01 1 363,948 -1 -363,948 -363,948 whsrplus cashis available
Principal end3interteahyearfor 55ye.r.Poinsettia Housing Assoc Poinsettia Station Rentals 10/21/99 1 920,000 -1 (458,964)-461,036 -461,036 when surplus cashis available
Principal and 3% interest each year for 15yet.Bridge Housing Corp Villa Loma Rentals 11/04/94 2 2,212,000 -0 (2,212,000)---when surplus cash is available
Principal and 3% interest each year far 55 yearsDove Family Housing La Costa Paloma Rentals 07/15/03 1 2,070,000 -1 (2,070,000)-(0)-(0)when surplus cashis available
Principal and 3% interest each year for 55 yearsCIC Calavera LP Mariposa Apts Rentals 09/15/04 1 1,060,000 -1 -1,060,000 -1,060,000 when surplus cashis availablemulberry at Payment deferred 30 years.No Interest is dueIndividual 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 37th year
Payment deferred 30 years.No interest Is dueIndividual 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 yearsEl Camino Family Housing Cassia Heights Rentals 03/07106 1 1,454,276 -1 --1,454,276 -1,454,276 when surplus cash is available
Payment deferred 45 years,No Interest Is dueIndividual homebuyers Laguna Point Sale 07/06/06 3 210,000 2 (70,000)140,000 -/40,000 unless home isreo45efore,sold before 46th year
Payment deferred 30 years.No intense le dueIndividual homebuyers The Bluffs Sale 06/14/07 10 200,000 10 -200,000 -200,000 unless home is sold before314h yew
Refer to Agenda B11118,589/Resolution 2006-131 &Individual homebuyers Roosevelt Gardens Sale 08/30/07 11 1,583,423 11 1,583,423 -1,583,423 ABI9,183iR2007-255
CIC La Costa Hunter's Point Rentals 08/19/08 I 1,932,000 -1 --1,932,000 -1,932,000 Refer to 9818.251 / Resolution 2005-269
Down Payment 8 Closing Cost Assistance Various Assistance 06/25/09 22 255,518 21 (12,500)-243,018 -243,018 Refer to Agenda SR 19,416/ Resolution 2006-121
CIC Glen Ridge, LP Glen Ridge Rentals 10/05/09 1 1,014,000 1 1,014,000 -1,014,000 Refer to Agenda 8111397/ Resolution 435
Tavarua Senior Apartments, LP Tavarua Rentals 12/14/11 1 -1 _-_Refer to AgendaBID418/Resolution 975
North County Solutions for Change Property Acquisition Rentals 06/28/12 1 780,000 -1 -780,000 -780,000 Refer to AgendaBM20,530/Resolution 2012-136
Refer to AB111,76B/R2000-068; AB20,530/R2011-Catholic Charities Homeless shelter Shelter 03/01/10 3 507,585 -3 -507,585 -507,585 oat; AB20,764/R2011-288Minor Home
Individual homeowners N/A Repair 05/20/10 10 22,877 -5 (2,083)20,794 -20,794 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 AB21,1181Resolution 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 ta AB21,02a/Resaluthen 2012-235
Tracy Templeton Laguna Point Sale 04/17/13 1 108,150 -1 -108,150 -108,150 TBD
Payment deferred 30 yearn.No Interest Is dueThomas 8 Judy Kim Rose Bay Sale 08/23/13 1 229,775 1 -229,775 -229,775 unless hams 9sold before 31th 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/Resalutlen 2014-293
Chelsea Inv Corp/Quarry Creek CiC LLP Quarry Creek Rentals 08/31/16 1 1,280,000 1 1,280,000 -1,280,000
Allowances (1,593,379)(1,593,379)
492 $34,739,616 $28,400,000 228 $(9,825,778)$(3,148,250)$ 24,913,838 $25,251,750 $51,758,967
July 16: received 81,081.31 in CHAP loan payments.August16: received $678 in CHAP loan payments; issued a $1,280,000 affordable housing loan for Quarry Creek rentals: received 0 8112,942 payment related to the Poinsettia Station development.September 16: recieved $562 inCHAP loan payments.November16: received$15,000 loan pay-off related to the Serrano development.December 2016: CHAP loans officially paid-off
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