HomeMy WebLinkAbout2017-11-07; City Council; ; Report on City Investments September 30, 2017Report on City Investments September 30, 2017
Meeting Date: November 7, 2017
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rating. The city's Investment Policy allows the City Treasurer to determine the course of action
that would correct exceptions to the policy. These investments are paying interest at the
required times and their principal is 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.
The pooled investment portfolio has the ability to meet the city's cash flow demands for the
next six (6) months.
Par Value
Cost
Fiscal Analysis
None
Next Steps
Investment Portfolio for Bond Proceeds
Current Quarter
6,929,206
6,929,206
The Report on City Investments is produced monthly by the City Treasurer.
Environmental Evaluation (CEQA)
Prior Quarter
7,168,312
7,168,312
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 item was noticed in accordance with the Ralph M. Brown Act and was available for viewing
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. First Quarter Transactions
7. Detailed Investment Report
8. Fund Equity in Pooled Investments
9. Corporate Note and Commercial Paper Ratings
10. Percentage Weightings By Corporate Note Issuer
November 7, 2017 Item #1 Page 3 of 25
Report on City Investments September 30, 2017
Meeting Date: November 7, 2017
Page4
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
November 7, 2017 Item #1 Page 4 of 25
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF SEPTEMBER 30, 2017
BREAKDOWN BY AMORTIZED COST, MARKET VALUE, CASH INCOME, AND AVERAGE YIELD BY CLASS
AMORTIZED COST MARKET VALUE AVERAGE YIELD
Cash Income
Class Current Month Prior Month Current Month Prior Month Year to Date Current Month Prior Month
CD $17,308,969 $16,563,807 $17,328,266 $16,593,463 $62,663 1.67 1.65
FN 18,561,773 18,537,433 18,497,668 18,526,922 0 1.60 1.60
TR 118,450,594 122,755,686 118,281,364 123,100,987 307,486 1.50 1.47
FA 314,092,156 316,452,256 312,466,875 315,589,696 1,274,812 1.48 1.47
SN 1,973,589 1,972,819 1,965,580 1,972,460 0 1.60 1.60
CN 135,578,897 136,912,394 135,220,915 136,865,253 608,723 1.61 1.60
LAIF 104,495,000 102,759,000 104,495,000 102,759,000 253,093 ·1.08 1.07
CUSTODY 26,176 795 26,176 795 375 0.00 0.00
SWEEP 3,115,662 2,909,900 3,115,662 2,909,900 872 0.08 0.08
BANK ACCT 845,296 326,947 845,296 326,947 0 0.08 0.08
TOTALS $714,448,111 $719,191,036 $712,242,802 $718,645,422 $2,508,023 1.45% 1.44%
CD -Certificate of Deposit FA -Federal Agency Custody -Investment Cash account
FN -Federal Discount Notes CN -Corporate N ates SWEEP -General Fund Overnight Cash acccount
TR -US Treasury LAIF -Local Agency Investment Fund Bank Account -General Fund Cash account
SN -Supranational
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November 7, 2017 Item #1 Page 5 of 25
CLASS
CD
FN
TR
FA
SN
CN
LAIF
CUSTODY
SWEEP
BANK ACCT
TOTALS
%TOTALS
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF SEPTEMBER 30, 2017
BREAKDOWN OF MATURITIES BY CLASSIFICATION AND LENGTH OF TIME
WITHIN 6 MONTHS 7 MONTHS TO 1 YEAR I TO 5YEARS TOTAL
$3,475,593 $1,736,763 $12,088,809 $17,301,164
0 0 17,949,477 17,949,477
12,207,956 13,312,177 93,061,179 118,581,312
39,897,441 31,665,597 243,487,725 315,050,763
0 0 1,972,100 1,972,100
7,914,740 26,312,620 102,851,411 137,078,771
104,495,000 0 0 104,495,000
26,176 0 0 26,176
3,115,662 0 0 3,115,662
845,296 0 0 845,296
$171,977,864 (1) $73,027,157 (1) $471,410,701 $716,415,722
24.0% 10.2% 65.8% 100.0%
Total within One Year $245,005,021 (])
POLICY:
34.2%
(1) Not less than $166,800,000 to mature within one year. (2/3rds of current year operating budget of $250,146,000.00)
(2) Policy states that not more than 30% of portfolio is to be invested in corporate notes.
%TOTAL
2.4%
2.5%
16.6%
44.0%
0.3%
19.1% (2)
14.6%
0.0%
0.4%
0.1%
100.0%
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November 7, 2017 Item #1 Page 6 of 25
2.70 2.60
2.50 2.40 2.30 2.20 2.10 2.00 1.90 1.80 1.70
1.60 1.50 1.40 1.30 1.20
1.10 1.00 0.90
0.80 0.70 0.60 0.50 0.40
0.30 0.20 0.10
0.00
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YIELD COMPARISON
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PORTFOLIO EX-LAIF VS. LAIF
JULY 2010-SEPTEMBER 2017
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November 7, 2017 Item #1 Page 7 of 25
Cumulative
Millions$
10
9
8
7
6
5
4
3
2
1
0
Cumulative Cash Income
FYl 7-18
(September 201 7)
/
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0.9 ~
/
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Monthly Interest Income
Millions$
8
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Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
LZJ Interest Income -+-· Budget ---ii-Actual YTD
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November 7, 2017 Item #1 Page 9 of 25
TRANSACTIONS FOR PERIOD:
07/01/17 TO 09/30/17 1st QUARTER 2017-2018
Trans Investment Call Par Amount Return Investment
Date Date ~ Security Date Value COU[!On (Cost) Rate Interest Return
BUYS
JULY
06/24/17 07/31/17 CD KS STATE BANK N/A 245,000.00 2.100% 245,000.00 2.100% 25,710.71 270,710.71
AUGUST
07/27/17 08/02/17 CD WEX BANK N/A 247,000.00 1.850% 247,000.00 1.850% 13,721.19 260,721.19
07/31/17 08/03/17 SN IBRD N/A 2,000,000.00 1.125% 1,972,100.00 1.600% 95,837.50 2,067,937.50
07/31/17 08/16/17 FA FNMA 8/16/2018 2,000,000.00 1.750% 2,000,000.00 1.750% 122,500.00 2,122,500.00
07/31/17 08/16/17 CD EVER BANK N/A 247,000.00 2.200% 247,000.00 2.200% 27,170.00 274,170.00
08/17/17 08/18/17 FA FFCB 4/19/2017 2,000,000.00 1.920% 1,992,860.00 2.200% 186,446.67 2,179,306.67
08/21/17 08/24/17 CN TOYOTA N/A 1,500,000.00 2.800% 1,547,160.00 2.119% 158,056.67 1,705,216.67
08/24/17 08/25/17 TR US TREASURY N/A 1,250,000.00 1.875% 1,257,346.25 1.750% 108,249.03 1,365,595.28
08/28/17 08/29/17 FA FFCB 4/3/2018 2,000,000.00 1.670% 1,999,600.00 1.678% 87,054.44 2,086,654.44
08/17/17 08/30/17 CD WILLAMETIE VALLEY N/A 249,000.00 2.100% 249,000.00 2.100% 26,145.00 275,145.00
08/24/17 08/31/17 TR US TREASURY N/A 3,000,000.00 1.875% 3,019,290.00 1.740% 261,960.00 3,281,250.00
SEPTEMBER
09/11/17 09/11/17 FA FHLB 9/18/2017 2,500,000.00 1.875% 2,498,750.00 1.944% 175,598.96 2,674,348.96
09/06/17 09/21/17 CD PINNACLE BANK TN N/A 249,000.00 2.000% 249,000.00 2.000% 19,920.00 268,920.00
09/06/17 09/14/17 CD FIRST BANK OF HIGHLAND N/A 247,000.00 2.150% 247,000.00 2.150% 26,552.50 273,552.50
09/26/17 09/29/17 CD ALLEGIANCE BANK TEXAS N/A 249,000.00 2.150% 249,000.00 2.150% 26,767.50 275,767.50
09/28/17 09/29/17 FA FHLMC 9/26/2017 2,535,000.00 1.750% 2,531,197.50 1.794% 158,701.56 2,689,899.06
09/28/17 09/29/17 FA FNMA 9/28/2018 2,500,000.00 2.000% 2,500,000.00 2.000% 249,861.11 2,749,861.11
TOTAL FIRST QUARTER 2017-2018 23,018,000.00 23,051,303.75 1.871% 1,770,252.84 24,821,556.59
MATURITIES
JULY
07/31/17 FA TVA N/A 500,000.00 5.500% 551,225.00 0.742% 8,587.50 559,812.50
07/25/16 FA FHLB N/A 2,000,000.00 0.625% 1,999,700.00 0.640% 12,800.00 2,012,500.00
05/20/15 FA FHLMC N/A 2,125,000.00 1.000% 2,138,812.50 0.702% 32,701.39 2,171,513.89
10/28/15 FA FHLMC N/A 3,000,000.00 0.700% 3,000,000.00 0.700% 36,750.00 3,036,750.00
11/22/13 TR US TREASURY N/A 2,000,000.00 0.500% 1,974,619.96 0.850% 62,282.21 2,036,902.17
05/22/15 TR US TREASURY N/A 1,000,000.00 0.500% 996,900.00 0.643% 14,066.85 1,010,966.85
AUGUST
11/20/13 FA FFCB N/A 2,000,000.00 0.700% 1,975,000.00 1.043% 77,072.22 2,052,072.22
10/09/15 FA FHLB N/A 2,000,000.00 0.750% 2,004,800.00 0.622% 23,491.67 2,028,291.67
12/29/15 FA FHLB N/A 1,000,000.00 0.750% 995,550.00 1.020% 16,929.17 1,012,479.17
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 t?:I ::x: 07/21/15 TR US TREASURY N/A 2,000,000.00 0.325% 1,994,352.00 0.760% 32,040.66 2,026,392.66 ::r::
09/18/15 TR US TREASURY N/A 2,500,000.00 1.875% 2,551,660.00 0.805% 39,772.01 2,591,432.01 H
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November 7, 2017 Item #1 Page 10 of 25
TRANSACTIONS FOR PERIOD:
07/01/17 TO 09/30/17 1st QUARTER 2017-2018
Trans Investment Call Par Amount Return Investment
Date Date ~ Security Date Value Cou~on (Cost) Rate Interest Return
SEPTEMBER
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
03/26/14 FA FHLB N/A 2,000,000.00 1.050% 2,000,000.00 1.050% 73,500.00 2,073,500.00
01/29/16 TR US TREASURY N/A 2,800,000.00 1.000% 2,809,078.13 0.800% 36,460.33 2,845,538.46
07/21/15 TR US TREASURY N/A 1,500,000.00 0.625% 1,494,787.50 0.785% 25,781.15 1,520,568.65
09/29/16 CN ROYAL BANK OF CANADA N/A 1,275,000.00 1.200% 1,276,597.58 1.070% 13,277.42 1,289,875.00
TOT AL FIRST QUARTER 2017-2018 32,496,000.00 32,565,789.87 0.799% 555,261.88 33,121,051.75
CALLS
JULY
01/09/17 01/26/17 FA FHLMC 7/26/2017 2,000,000.00 2.000% 2,000,000.00 2.360% 237,500.00 2,237,500.00
AUGUST NONE
SEPTEMBER
3/16/2017 03/29/17 FA FNMA 9/29/2017 2,000,000.00 2.125% 2,000,000.00 2.125% 170,000.00 2,170,000.00
2/17/2017 02/21/17 FA FFCB 9/13/2017 1,250,000.00 2.140% 1,250,000.00 2.140% 124,610.42 1,374,610.42
3/6/2017 03/29/17 FA FHLMC 9/29/2017 2,500,000.00 1.25% STEP 2,500,000.00 2.338% 206,250.00 2,706,250.00
TOTAL FIRST QUARTER 2017-2018 7,750,000.00 7,750,000.00 2.257% 738,360.42 8,488,360.42
November 7, 2017 Item #1 Page 11 of 25
INVESTMENT REPORT
AS OF SEPTEMBER 30, 2017
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days)
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
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
5/5/2017 FA PEFCO 1.875% NON-CALL 1,251,000.00 1,260,294.93 1.240% 18,722.26 1,279,017.19 436
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
7/27/2016 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
6/13/2017 FA FAMCA 1.12% NON-CALL 1,000,000.00 998,290.00 1.120% 14,403.33 1,012,693.33 353
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 QRTL Y 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 l:rj
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 ~
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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 tJj
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 H
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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
4/6/2015 FA PEFCO 4.375% NON-CALL 2,274,000.00 2,527,892.10 1.450% 138,254.46 2,666,146.56 1,439 -..J
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 November 7, 2017 Item #1 Page 12 of 25
INVESTMENT REPORT
AS OF SEPTEMBER 30, 2017
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days)
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
4/28/2016 FA PEFCO 1.45% NON-CALL 2,600,000.00 2,617,570.80 1.240% 106,734.48 2,724,305.28 1,204
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
1/27/2017 FA FFCB 1.550% NON-CALL 1,000,000.00 1,003,130.00 1.430% 38,203.33 1,041,333.33 973
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% QRTL Y 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
2/21/2017 FA FHLB 2.375% NON-CALL 1,000,000.00 1,024,070.00 1.497% 42,693.89 1,066,763.89 1,025
5/19/2017 FA FNMA 1.20% QUARTERLY CALL 2,500,000.00 2,482,475.00 1.475% 95,691.67 2,578,166.67 952
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
4/26/2017 FA FHLMC 1.50% NON-CALL 1,250,000.00 1,251,150.00 1.465% 49,943.75 1,301,093.75 996
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
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
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
1/4/2017 FA FHLMC 1.25% QRTL Y CALL 2,000,000.00 1,978,000.00 1.610% 100,750.00 2,078,750.00 1,150
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
8/29/2017 FA FFCB 1.67% CALL 7/2/18 CONT 2,000,000.00 1,999,600.00 1.678% 87,054.44 2,086,654.44 948
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
1/6/2017 FA FFCB 1.4% CONT CALL 1,000,000.00 992,000.00 1.652% 53,772.22 1,045,772.22 1,193
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
5/22/2017 FA FHLMC 1.625% ONE CALL 5/22/18 1,200,000.00 1,200,000.00 1.625% 58,500.00 1,258,500.00 1,096
5/24/2017 FA FHLMC 1.625% ONE CALL 5/19/20 2,250,000.00 2,255,062.50 1.548% 104,523.44 2,359,585.94 1,101
6/27/2017 FA FHLMC 1.625% ONE CALL 5/19/20 1,600,000.00 1,604,000.00 1.537% 71,977.78 1,675,977.78 1,067
6/5/2017 FA FHLB 1.6% CALL 12/5/17 CONT 1,300,000.00 1,300,000.00 1.600% 62,400.00 1,362,400.00 1,096
6/8/2017 FA FHLB 1.60% CALL 12/5/17 CONT 2,500,000.00 2,500,000.00 1.600% 120,000.00 2,620,000.00 1,093
6/8/2017 FA FHLMC 1.25% CALL 12/8/17 QRTLY STEP 2,550,000.00 2,549,490.00 2.021% 155,103.75 2,704,593.75 1,096
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 November 7, 2017 Item #1 Page 13 of 25
INVESTMENT REPORT
AS OF SEPTEMBER 30, 2017
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days)
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
4/27/2017 FA FH LMC 1. 7% CALL 4/27 /18 1,600,000.00 1,600,000.00 1.700% 88,400.00 1,688,400.00 1,187
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
4/26/2017 FA FNMA 2.35% SEMI-ANNUAL CALL 1,300,000.00 1,332,019.00 1.618% 74,057.39 1,406,076.39 1,269
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
6/15/2017 FA FNMA 2.0% NON-CALL 1,100,000.00 1,113,618.00 1.630% 62,404.22 1,176,022.22 1,264
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
3/10/2017 FA FAMCA 2.0% NON-CALL 1,580,000.00 1,576,287.00 2.063% 125,285.22 1,701,572.22 1,407
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
8/16/2017 FA FNMA 1.75% CALL 8/16/18 2,000,000.00 2,000,000.00 1.750% 122,500.00 2,122,500.00 1,280
2/26/2016 FA FHLMC 1.25% QRTL Y 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
3/22/2016 FA FHLB 1.25% QRTL Y CALL 6/22/16 STEP 2,500,000.00 2,498,750.00 1.870% 235,625.00 2,734,375.00 1,826
9/29/2017 FA FHLMC 1.75% ONE CALL 9/26/18 2,535,000.00 2,531,197.50 1.794% 158,701.56 2,689,899.06 1,274
4/28/2016 FA FHLMC 1.25% QRTL Y 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
9/12/2017 FA FH LB 1 .875% CALL 9/18/17 CONT 2,500,000.00 2,498,750.00 1.875% 175,598.96 2,674,348.96 1,358
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
6/15/2017 FA FFCB 1.81% CALL 6/14/18 CONT 1,760,000.00 1,760,000.00 1.810% 127,335.51 1,887,335.51 1,460
6/15/2017 FA FHLMC 1.8% CALL 6/15/18 ONE TIME 1,400,000.00 1,400,000.00 1.800% 100,800.00 1,500,800.00 1,461
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
2/16/2017 FA FHLMC 1.875% NON-CALL 1,400,000.00 1,392,580.00 2.000% 124,086.67 1,516,666.67 1,621
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
2/16/2017 FA FHLB 2.0% CALL 2/16/18 ONE TIME 1,325,000.00 1,325,000.00 2.000% 119,250.00 1,444,250.00 1,642
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
5/22/2017 FA FFCB 2.4% CALL 10/27/17 CONT 1,800,000.00 1,808,460.00 2.288% 182,940.00 1,991,400.00 1,619
2/24/2017 FA FHLB 1.125% CALL 11/22/17 STEP 1,500,000.00 1,500,000.00 2.170% 155,062.50 1,655,062.50 1,732
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
4/12/2017 FA FHLB 1.875% NON-CALL 2,000,000.00 2,003,620.00 1.834% 171,171.67 2,174,791.67 1,703
2/23/2017 FA FAMCA 2.1 % NON-CALL 2,600,000.00 2,609,204.00 2.025% 263,796.00 2,873,000.00 1,826
2/28/2017 FA FHLB 1.25% ONE TIME CALL STEP 2,600,000.00 2,600,000.00 2.239% 292,500.00 2,892,500.00 1,826
3/29/2017 FA FHLMC 1.375 ONE CALL 3/29/18 STEP 1,500,000.00 1,500,000.00 2.265% 170,625.00 1,670,625.00 1,826
3/29/2017 FA FHLMC 2.35 QRTL Y CALL 1,150,000.00 1,150,000.00 2.350% 135,125.00 1,285,125.00 1,826 November 7, 2017 Item #1 Page 14 of 25
INVESTMENT REPORT
AS OF SEPTEMBER 30, 2017
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days)
5/25/2017 FA FNMA 1.875% NON-CALL 1,600,000.00 1,600,581.01 1.867% 145,252.32 1,745,833.33 1,776
8/18/2017 FA FFCB 1.92% CALL 4/19/17 CONT 2,000,000.00 1,992,860.00 2.200% 186,446.67 2,179,306.67 1,705
4/27/2017 FA FHLMC 2.625% CALL 4/27/22 3,500,000.00 3,545,920.00 2.345% 413,455.00 3,959,375.00 1,826
4/27/2017 FA FHLMC 1. 75% QRTL Y CALL STEP 1,180,000.00 1,180,000.00 2.625% 154,875.00 1,334,875.00 1,826
6/22/2017 FA FHLMC 2.00% QRTL Y CALL STEP 875,000.00 875,000.00 2.175% 95,156.25 970,156.25 1,826
6/29/2017 FA FH LMC 2.15% QRTL Y CALL 2,500,000.00 2,500,000.00 2.150% 268,750.00 2,768,750.00 1,826
9/28/2017 FA FNMA 2.0% ONE CALL 9/28/18 2,500,000.00 2,500,000.00 2.000% 249,861.11 2,749,861.11 1,826
SUB-TOTAL 313,025,000.00 315,050,763.13 1.476% 17,776,778.58 332,827,541.71 1,427
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
4/24/2017 FN FNMA 0% NON-CALL 500,000.00 487,450.00 1.442% 12,550.00 500,000.00 648
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
1/27/2017 FN FNMA 0% NON-CALL 1,000,000.00 950,223.00 1.900% 49,777.00 1,000,000.00 985
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 19,163,000.00 17,949,477.04 1.6026% 1,213,522.96 19,163,000.00 1,367
Federal Investments Total 332, 188,000.00 333,000,240.17 18,990,301.54 351,990,541.71 1,408
8/3/2017 SN IBRD 1.125% NON-CALL 2,000,000.00 1,972,100.00 1.600% 95,837.50 2,067,937.50 1,103
Supranational lnvestsment Total 2,000,000.00 1,972,100.00 95,837.50 2,067,937.50 1,103
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
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
3/10/2017 TR US TREASURY 1.00% 1,200,000.00 1,198,788.00 1.100% 13,377.75 1,212,165.75 370
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
6/7/2017 TR US TREASURY .625% 2,000,000.00 1,990,312.50 1.169% 20,896.74 2,011,209.24 327
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 November 7, 2017 Item #1 Page 15 of 25
INVESTMENT REPORT
AS OF SEPTEMBER 30, 2017
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days)
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
1/27/2017 TR US TREASURY 1.375% 1,000,000.00 1,003,590.00 1.200% 25,125.47 1,028,715.47 762
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
1/27/2017 TR US TREASURY 1.50% 1,000,000.00 1,005,980.00 1.220% 26,616.15 1,032,596.15 793
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
2/21/2017 TR US TREASURY 1.5% 800,000.00 803,875.00 1.283% 23,388.74 827,263.74 829
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
1/10/2017 TR US TREASURY 1.625% 1,250,000.00 1,258,593.75 1.358% 44,936.98 1,303,530.73 963
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
1/10/2017 TR US TREASURY 1.375% 1,400,000.00 1,395,520.00 1.480% 64,835.66 1,460,355.66 1,145
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
6/7/2017 TR US TREASURY 1.625% 2,000,000.00 2,011,320.00 1.440% 91,028.07 2,102,348.07 1,150
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
1/13/2017 TR US TREASURY 1.375% 1,300,000.00 1,289,234.38 1.601 % 78,611.61 1,367,845.99 1,387
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
1/20/2017 TR US TREASURY 1.125% 2,750,000.00 2,673,515.63 1.831% 203,567.42 2,877,083.05 1,500
2/17/2017 TR US TREASURY 1.125% 1,225,000.00 1,194,853.52 1.760% 85,690.25 1,280,543.77 1,472
5/9/2017 TR US TREASURY 1.25% 1,400,000.00 1,374,786.00 1.730% 93,349.25 1,468,135.25 1,422
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
1/20/2017 TR US TREASURY 1.125% 1,500,000.00 1,448,203.13 1.925% 145,113.79 1,593,316.92 1,653
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
3/10/2017 TR US TREASURY 1.125% 1,200,000.00 1,150,500.00 2.078% 111,028.85 1,261,528.85 1,665
5/19/2017 TR US TREASURY 1.125% 1,500,000.00 1,464,375.00 1.691% 109,303.28 1,573,678.28 1,595
11/17/2016 TR US TREASURY 2.00% 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
1/6/2017 TR US TREASURY 2.125% 4,000,000.00 4,052,128.00 1.850% 371,463.16 4,423,591.16 1,820 November 7, 2017 Item #1 Page 16 of 25
INVESTMENT REPORT
AS OF SEPTEMBER 30, 2017
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days)
2/3/2017 TR US TREASURY 2.125% 1,850,000.00 1,867,632.81 1.920% 175,237.36 2,042,870.17 1,792
1/20/2017 TR US TREASURY 1.50% 3,000,000.00 2,928,555.00 2.000% 297,790.11 3,226,345.11 1,837
3/2/2017 TR US TREASURY 1.750% 3,000,000.00 2,963,925.00 2.000% 302,757.69 3,266,682.69 1,855
5/15/2017 TR US TREASURY 1.750% 2,000,000.00 1,985,625.00 1.901% 189,375.00 2,175,000.00 1,826
8/25/2017 TR US TREASURY 1.875% 1,250,000.00 1,257,346.25 1.750% 108,249.03 1,365,595.28 1,801
8/31/2017 TR US TREASURY 1.875% 3,000,000.00 3,019,290.00 1.740% 261,960.00 3,281,250.00 1,826
SUB-TOTAL 118,490,000.00 118,581,312.12 1.495% 7,219,721.32 125,801,033.44 1,366
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 HATHAWAY 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 TOY OT A 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
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
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
1/20/2017 CN NY LIFE GOLBAL 1.95% NON-CALL 2,000,000.00 2,000,000.00 1.950% 119,275.00 2,119,275.00 1,117
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 November 7, 2017 Item #1 Page 17 of 25
INVESTMENT REPORT
AS OF SEPTEMBER 30, 2017
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days)
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
6/29/2017 CN TOYOTA 2.0% CALL 6/29/20 3,000,000.00 3,000,000.00 2.000% 210,000.00 3,210,000.00 1,279
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
4/17/2017 CN ALPHABET, INC 3.625% MAKE WHOLE CALL 2,000,000.00 2,136,700.00 1.883% 159,744.44 2,296,444.44 1,493
5/14/2017 CN ALPHABET, INC 3.625% MAKE WHOLE CALL 2,000,000.00 2,133,400.00 1.900% 159,620.83 2,293,020.83 1,466
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
2/7/2017 CN MIRCOSOFT 1.55% MAKE WHOLE CALL 2,000,000.00 1,947,120.00 2.170% 192,466.11 2,139,586.11 1,643
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
3/6/2017 CN EXXON MOBLIE 2.397% MAKE WHOLE 2,000,000.00 2,003,380.00 2.360% 236,320.00 2,239,700.00 1,826
5/23/2017 CN APPLE INC 2.3% MAKE WHOLE 3,300,000.00 3,318,150.00 2.181% 358,820.00 3,676,970.00 1,814
8/24/2017 CN TOYOTA 2.8% MAKEWHOLE 1,500,000.00 1,547,160.00 2.119% 158,056.67 1,705,216.67 1,784
SUB-TOTAL 134,528,000.00 137,078,770.71 1.608% 9,144,775.41 146,223,546.12 1,459
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
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 November 7, 2017 Item #1 Page 18 of 25
INVESTMENT REPORT
AS OF SEPTEMBER 30, 2017
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN {Days)
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 BANK2.1% 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 ONEABANK 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'LASSOC 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
8/6/2015 CD ORRSTOWN BANK 2.0% 249,000.00 249,000.00 2.000% 24,706.33 273,706.33 1,841
8/2/2017 CD WEX BANK 1.85% 247,000.00 247,000.00 1.850% 13,721.19 260,721.19 1,097
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
6/22/2017 CD LAKESIDE BANK 1.90% 249,000.00 249,000.00 1.900% 18,924.00 267,924.00 1,461
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 November 7, 2017 Item #1 Page 19 of 25
INVESTMENT REPORT
AS OF SEPTEMBER 30, 2017
INVESTMENT PAR INVESTED RETURN INVESTMENT TERM
DATE TYPE SECURITY VALUE AMOUNT RATE INTEREST RETURN (Days)
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
9/21/2017 CD PINACLE BANK TN 2.00% 249,000.00 249,000.00 2.000% 19,920.00 268,920.00 1,461
1/18/2017 CD MB FINANCIAL BANK 2.050% 249,000.00 249,000.00 2.050% 25,522.50 274,522.50 1,826
1/20/2017 CD FIRST NATL BANKO AMERICA 2.05% 249,000.00 249,000.00 2.050% 25,522.50 274,522.50 1,826
6/7/2017 CD MECHANTILE BANK OF MICHIGAN 2.10% 247,000.00 247,000.00 2.100% 25,935.00 272,935.00 1,826
7/31/2017 CD KS STATE BANK 2. 1 % 245,000.00 245,000.00 2.100% 25,710.71 270,710.71 1,824
8/16/2017 CD EVERBANK 2.2% 247,000.00 247,000.00 2.200% 27,170.00 274,170.00 1,826
8/30/2017 CD WILLAMETTE VALLEY BANK 2.1% 249,000.00 249,000.00 2.100% 26,145.00 275,145.00 1,826
9/29/2017 CD ALLEGIANE BANK TEXS 2.15% 249,000.00 249,000.00 2.150% 26,767.50 275,767.50 1,826
9/14/2017 CD FIRST BANK OF HIGHLAND 2.15% 247,000.00 247,000.00 2.150% 26,552.50 273,552.50 1,826
SUB-TOTAL 17,311,000.00 17,301,164.40 1.665% 1,333,692.05 18,634,856.45 1,645
0 WELLS FARGO BANK 844,992.00 844,992.00 0.080% 1.85 844,993.85
0 CORPORATE CASH MANAGEMENT ACCOUNT 3,115,662.25 3,115,662.25 0.080% 6.83 3,115,669.08
0 LIBRARY ACCOUNT 304.41 304.41 0.000% 304.41
0 UNION TRUST 26,175.50 26,175.50 0.000% 0.00 26,175.50
0 LA IF WATER DISTRICT 27,877,000.00 27,877,000.00 1.080% 836.31 27,877,836.31
0 LA IF PUBLIC IMPROVEMENT CORPORATION 20,287,000.00 20,287,000.00 1.080% 608.61 20,287,608.61
0 LA IF PUBLIC FINANCING CORPORATION 24,028,000.00 24,028,000.00 1.080% 720.84 24,028,720.84
0 LA I F CITY OF CARLSBAD 32,303,000.00 32,303,000.00 1.080% 969.09 32,303,969.09
SUB-TOTAL 108,482,134.16 108,482,134.16 1.043% 3,143.53 108,485,277.69
GRAND TOTAL 712,999,134.16 716,415,721.56 1.447% 36,691,633.85 751,135,255.41
November 7, 2017 Item #1 Page 20 of 25
CITY OF CARLSBAD
Fund Equity in Pooled Investments
AS OF SEPTEMER 30, 2017
Cash Balance by Fund:
General
Special Revenue
Capital Projects:
General Capital Construction
Traffic Impact Fees
Public Facilities Fees
Park Development
Transnet Taxes
Drainage Fees
Special Districts
Infrastructure Replacement
Other Capital Construction
Enterprise:
Carlsbad Municipal Water District
Sewer Fund
Solid Waste
Storm Water
Golf Course
Internal Service
Agency Funds
Trust Funds
Total General Ledger Balance**
Reconciling Adjustments (1)
Total
Total
Total Treasurer's Investment Portfolio at Amortized Cost
47,928,920
19,531,259
30,338,257
7,551,780
6,421,869
6,674,923
96,774,919
109,918,029
17,052,859
126,061,685
46,199,192
7,105,471
6,656,701
1,050,744
(1) The Reconciling Adjustments consist of differences between the General Ledger which is prepared
EXHIBIT 8
94,988,591
29,862,490
342,192,815
187,073,794
48,023,901
14,180,588
280,898
716,603,077
(2,154,966)
714,448, 111
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 10/11 /17
November 7, 2017 Item #1 Page 21 of 25
EXHIBIT 9
CITY OF CARLSBAD INVESTMENT PORTFOLIO
As of SEPTEMBER 30, 2017
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 HATHAWAY Aa2 AA AA-
CHEVRON Aa2 AA-NR
COCA COLA Aa3 AA-A+
COLGATE-PALMOLIVE Aa3 AA-AA-
EXXON MOBIL Aaa AA+ NR
JOHNSON & JOHNSON Aaa AAA AAA
MASS MUTUAL GLOBAL Aa2 AA+ AA+
MICROSOFT Aaa AAA AA+
NEW YORK LIFE Aaa AA+ AAA
ROYAL BANK OF CANADA Aaa AAA AAA
TOYOTA Aa3 AA-A
WAL-MART 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
Moody's S&P Fitch Maturity Date
IBM CORP A1 A+ A+ 11/01/2021
3M COMPANY A1 AA-NR 08/07/2020
* 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.
Carrying
Value
7,504,626
3,532,453
Market
Value
7,465,068
3,524,220
November 7, 2017 Item #1 Page 22 of 25
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF SEPTEMBER 30, 2017
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 5,364,100.00 0.75%
APPLE INC 11,894,015.00 1.66%
BERKSHIRE HATHAWAY 5,019,345.05 0.70%
CHEVRON 13,865,384.00 1.94%
COCA COLA CO 8,073,352.17 1.13%
COLGATE-PALMOLIVE 5,459,050.00 0.76%
EXXON MOBIL 11,397,154.99 1.59%
IBM CORP 7,730,433.50 1.08%
JOHNSON & JOHNSON 7,443,878.49 1.04%
MASS MUTUAL 6,842,020.01 0.96%
MICROSOFT 16,538,680.00 2.31%
3M COMPANY 3,554,215.00 0.50%
NEW YORK LIFE 6,032,140.00 0.84%
ROYAL BANK OF CANADA 2,289,442.50 0.32%
TOYOTA 11,603,000.00 1.62%
WAL-MART 9,942,960.00 1.39%
PERCENTAGE WEIGHTINGS BY FEDERAL AGENCY ISSUER
FAMCA
FICO
FEDERAL FARM CREDIT BANK
FEDERAL HOME LOAN BANK
FEDERAL HOME LOAN MORTGAGE CORP
FEDERAL NATIONAL MORTGAGE ASSOC
PEFCO
RFCO STRIP PRINCIPAL
TENNESSEE VALLEY AUTHORITY
SUPRANATIONAL-IBRD
U.S.TREASURY
Investment Cost Percent of Portfolio**
21,805,891.00
8,733,759.39
62,154,400.43
73,691,596.04
60,767,260.50
90,276,154.99
9,504,757.83
2,750,760.00
3,315,660.00
1,972,100.00
118,581,312.12
3.04%
1.22%
8.68%
10.29%
8.48%
12.60%
1.33%
0.38%
0.46%
0.28%
16.55%
EXHIBIT 10
Total Portfolio $716,415,721.57
* No more than 5% may be invested with a single corporate issuer.
**There are no percentage limits on federal agency issuers.
November 7, 2017 Item #1 Page 23 of 25
City of Carlsbad
Bond Proceeds Investment Report
September 30, 2017
Fund Type Investments
Assessment District 03-01 (College/Cannon)
Project Fund Invesco Gov. & Agency -Institutional Money Market
Assessment District 95-01 (Carlsbad Ranch)
Reserve Fund Repub Natl Bank Repo Agreement: HSBC (GIC)
Assessment District 96-01 (Rancho Carrillo)
Reserve Fund Repub Natl Bank Repo Agreement: HSBC (GIC)
ReAssessment District 2012-1 (College/Cannon & Poinsettia lane)
Reserve Fund Invesco Gov. & Agency -Institutional Money Market
Other Invesco Gov. & Agency -Institutional Money Market
Communities Facilities District #3 Improvement Area 1, 2016 Bonds
Reserve Fund Invesco Gov. & Agency -Institutional Money Market
Cost of Issuance Invesco Gov. & Agency -Institutional Money Market
Communities Facilities District #3 Improvement Area 2, 2016 Bonds
Reserve Fund Invesco Gov. & Agency -Institutional Money Market
Cost of Issuance Invesco Gov. & Agency -Institutional Money Market
H:\Long Term Debt\Quarterly Investment Reports\Qtr Inv Rpt (FY 16-17 onward)
Stated Int.
Rate
N/A
5.83%
6.03%
various
various
various
various
various
various
Maturity
Date
N/A
N/A
09/02/28
N/A
N/A
09/01/36
09/01/36
09/01/38
09/01/38
$
$
$
$
$
$
$
$
$
$
Par Value Cost Source
Fiscal Agent: BNY Mellon
937,702 $ 937,702 Invesco
Fiscal Agent: BNY Mellon
1,149,702 $ 1,149,702 HSBC Bank of New York
Fiscal Agent: BNYMellon
1,292,810 $ 1,292,810 HSBC Bank of New York
Fiscal Agent: BNYMellon
2,184,985 $ 2,184,985 BNY Mellon
83 $ 83 BNY Mellon
Fiscal Agent: BNY Mellon
548,095 $ 548,095 BNY Mellon
1,885 $ 1,885 BNY Mellon
Fiscal Agent: BNY Mellon
811,153 $ 811,153 BNY Mellon
2,791 $ 2,791 BNY Mellon
6,929,206 $ 6,929,206
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November 7, 2017 Item #1 Page 24 of 25
City of Carlsbad
Summary of Outstanding Housing Loans
As of September, 2017
Loan amount Developer loan
Loans issued by City to Loans issued by Developer due to City amount due to
First date # of loans developers/ Developer to # of loans City loan loan repaid (recorded as City (not on City's
Borrower Develoement Purpose issued issued homeowners homeowners outstanding repaid to City to City AR) books) Type of Loan
Payment deferred 15 years. No interest is due
Individual homebuyers City-wide (CHAP) Sale 06/28/99 133 $1,680,000 $ 4 ($1,680,000) $ ($0.08) $ (0) 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 1 (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 12 (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 23 (1,020,135) (2,745,000) 329,865 1,305,000 1,634,865 unless home is sold before 31th year
Individual homebuyers Rancho Carlsbad Sale 05/20199 22 752,533 5 (616,633) 135,900 135,900 Principal is due when home is sold
Individual homebuyers Sola mar 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
CB Laurel Tree Apartments Laurel Tree Rentals 12/24/98 2 1,134,000 2 (1,134,000) (0) (0) years when surplus cash ls available
Principal and 3% interest each year for 55
USA Properties c/o CFHP Rancho Carrillo Rentals 03/05/01 1 1,157,584 1 (1,157,584) (0) (0) years when surplus cash is available
Principal and 3% interest each year for 55
Pacific Vista Las Flores Vista Las Flores Rentals 02/27/01 1 363,948 1 363,948 363,948 years when surplus cash is available
Principal and 3% interest each year for 55
Poinsettia Housing Assoc Poinsettia Station Rentals 10121199 1 920,000 1 (568,732) 351,268 351,268 years when surplus cash is available
Principal and 3% interest each year for 15
Bridge Housing Corp Villa Loma Rentals 11/04/94 2 2,212,000 0 (2,212,000) years when surplus cash is available
Principal and 3% interest each year for 55
Dove Family Housing La Costa Paloma Rentals 07/15/03 1 2,070,000 1 (2,070,000) (0) (0) years when surplus cash is available
Principal and 3% interest each year for 55
CIC Calavera LP Mariposa Apts Rentals 09/15/04 1 1,060,000 1 1,060,000 1,060,000 years 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
El Camino Family Housing Cassia Heights Rentals 03/07/06 1 1,454,276 1 1,454,276 1.454,276 years 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
CIC La Costa Hunter's Point Rentals 08/19/08 1 1,932,000 1 1,932,000 1,932,000 Refer to AB18,251 / Resolution 2005-264
Down Payment & Closing Refer to Agenda Bill 19,415 I 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 I 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 Bil! 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 Home
Individual homeowners N/A Repair 05/20/10 11 27,877 6 (2,083) 25,794 25,794 Refer to AB19,415 I Resolution 2008-121
Property
Hospice of North Coast NIA Acquisition 02/27/13 1 1,065,000 1 1,065,000 1,065,000 Refer to AB21, 116/Resolution 2013-027
Carol-Harding Property
Harding Street Neighbors, LP Duplex Acquisition 03/14113 1 7,408,000 1 7,408,000 7,408,000 Refer to AB21,028/Reso!ution 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 31th year
Property
Solutions for Change NIA Acquisition 12/19/14 1 2,646,000 1 2,646,000 2,646,000 Refer to AB21,763/Resolution 2014-243
Chelsea Inv Corp/Quarry l:tj
Creek CiC LLP Quarry Creek Rentals 08/31/16 1 1,280,000 1 1,280,000 1,280,000 :x: :::r::
Allowances (1,598,379) (1,598,379) H
493 $ 34,739,616 $ 28,400,000 229 $ (11,062,732) $ (3,148,250) $ 23,676,884 $ 25,251,750 $ 50,527,013 to
H
July 17: received a $1,088,568 loan pay-off related to the Rancho Carrillo development; received a $23,987 pay-off related to the Rancho Carlsbad development; August 2017: received a $109,768 payment related to the Poinsettia Station development; t-3
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November 7, 2017 Item #1 Page 25 of 25