HomeMy WebLinkAbout2011-02-08; City Council; 20445; REPORT CITY INVESTMENTSCITY OF CARLSBAD - AGENDA BILL
AB#
MTG.
DEPT.
20.445
2/8/11
TRS
REPORT ON CITY INVESTMENTS
AS OF DECEMBER 31, 2010
DEPT. HEAD $~
CITY ATTY. <^2>^.
CITY MGR. t^—
RECOMMENDED ACTION:
Accept and file report.
ITEM EXPLANATION:
The City's Investment Policy requires the City Treasurer to report to the City Council on a monthly
basis the status of the City's pooled investment portfolio. A quarterly report is also required for
the investments of bond proceeds held separately. The City's pooled investment portfolio as of
the month ended December 31, 2010 is summarized below.
Pooled Investment Portfolio (Cash and Securities)
Par Value
Cost of Investments
Amortized Cost (1)
Market Value (2)
Current Month
564,914,652
572,030,677
568,656,513
574,871,875
Prior Month
550,325,704
557,466,879
554,159,622
562,348,394
(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 12/31/10.
The equity portion of the various funds in the total portfolio is summarized in the graph on the next
page. Fund balances are restricted for various purposes. See Exhibit 8 for a more detailed
breakdown.
The $14 million increase between November '10 and December '10 was due mainly to the receipt
of $15 million in property tax during the month of December
FOR CITY CLERKS USE OMLY.
COUNCIL ACTION: APPROVED K
DENIED Q
CONTINUED 0
WITHDRAWN D
AMENDED D
CONTINUED TO DATE SPECIFIC
CONTINUED TO DATE UNKNOWN
RETURNED TO STAFF
OTHER - SEE MINUTES
Daaa
DEPARTMENT CONTACT: Nancy Sullivan (760) 602-2473 Nancv.Sullivan(a)carlsbadca.aov
PAGE 2 OF AB REPORT ON CITY INVESTMENTS AS OF DECEMBER 31. 2010
FUND EQUITY IN POOLED INVESTMENTS
(Dollar Amounts in Millions)
General Special Revenue
$61 ^ $48.7
Internal Service
Agency $13.5
Enterprise
Capital Projects
$287
$129
Total Treasurer's Investment Portfolio at Amortized Cost
December 31,2010 $568.2 million
Pooled Investment Interest Income
Cash Income Fiscal
Year-to-Date *
Current
Month FYTD
7,612,733
Prior
Month FYTD
6,539,953
Current Month
Income
1,072,780
The cash income received is adjusted for any accrued interest purchased.
Pooled Investment Performance/Measurement
October 20 10
November 2010
December 2010
Average Life
(Years)
1.59
1.56
1.71
Average Yield
To Maturity
2.03%
2.02%
2.06%
Modified Duration
1.519
1.484
1.619
All pooled investments have been made in accordance with the City's Investment Policy adopted
January 2, 1985 and last revised March 23, 2010. All investments were initially made in
accordance with the City's Investment Policy. Events subsequent to the purchase might have
resulted in some investments not being in compliance with the current policy. These events are
typically a change in the City's Investment Policy, a change in the credit rating subsequent to a
purchase, or a temporary reduction in total portfolio assets. See Exhibit 9 for details.
The pooled investment portfolio has the ability to meet the City's cash flow demands for the next
six (6) months.
Investment Portfolio for Bond Proceeds
Par Value
Cost
Current Quarter
17,646,361
17,646,361
Prior Quarter
17,639,296
17,639,296
EXHIBITS FOR POOLED INVESTMENTS:
1. Investment Portfolio Breakdown By Amortized Cost, Market Value, Cash Income, and Average Yield
2. Investment Portfolio Breakdown Of Maturities
3. Yield Comparison Graph
4. Market Yield Curve
5. Cumulative Cash Income Graph
6. 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, 2010
BREAKDOWN BY AMORTIZED COST, MARKET VALUE, CASH INCOME, AND AVERAGE YIELD BY CLASS
AVERAGE YIELD
Class
CD
FN
CP
TR
FA
CN
LAIF
CUSTODY
SWEEP
BANKACCT
Current Month
0
13,515,006
0
46,098,686
309,644,924
91 ,469,245
102,206,000
-
4,897,086
825,566
Prior Month Current Month
0
13,489,900
0
48,112,213
281,635,156
85,432,649
120,606,006
2,000,389
2,236,322
646,987
0
13,704,600
0
46,286,450
313,095,769
93,856,404
102,206,000
0
4,897,086
825,566
Prior Month
0
13,732,710
0
48,325,920
286,669,352
88,130,708
120,606,006
2,000,389
2,236,322
646,987
Cash Income
Year to Date Current Month Prior Month
0 0.00 0.00
0
0
458,125
4,671,530
2,269,887
211,551
263
1,378
0
2.58
0.00
0.75
2.21
4.03
0.47
0.04
0.10
0.10
2.58
0.00
0.74
2.26
4.16
0.47
0.04
0.10
0.10
TOTALS $568,656,513 $554,159,622 $574,871,875 $562,348,394 $7,612,733 2.06%2.02%
CD - Certificate of Deposit
FN - Federal Discount Notes
CP - Corporate Paper
TR - US Treasury
FA - Federal Agency
CN - Corporate Notes
LAIF - Local Agency Investment Fund
Custody - Investment Cash account
SWEEP - General Fund Overnight Cash acccount
Bank Account - General Fund Cash account
mx
CITY OF CARLSBAD INVESTMENT PORTFOLIO
AS OF DECEMBER 31, 2010
BREAKDOWN OF MATURITIES BY CLASSIFICATION AND LENGTH OF TIME
CLASS
CD
FN
CP
TR
FA
CN
LAIF
CUSTODY
SWEEP
BANK ACCT
TOTALS
% TOTALS
Total within One
WITHIN 6 MONTHS
0
956,370
0
27,132,188
10,192,000
24,122,901
102,206,000
0
4,897,086
825,566
$170,332,111 (1)
29.8%
Year
7 MONTHS TO 1 YEAR
0
1,889,240
0
17,078,553
47,524,661
13,540,959
0
0
0
0
$80,033,413 (1)
14.0%
$250,365,523 (1)
1 TO 5 YEARS
0
10,159,834
0
2,062,109
254,489,256
54,953,955
0
0
0
0
$321,665,154
56.2%
TOTAL
0
13,005,444
0
46,272,850
312,205,918
92,617,815
102,206,000
0
4,897,086
825,566
$572,030,677
100.0%
% TOTAL
0.0%
2.3%
0.0%
8.1%
54.6%
16.2% (2)
17.9%
0.0%
0.9%
0.1%
100.0%
43.8%
POLICY: (1) Not less than $125,500,000 to mature within one year. (2/3rds of current year operating budget of $188,300,000.00)
(2) Policy states that not more than 30% of portfolio is to be invested in corporate notes.x3:i—ioo
YIELD COMPARISON
PORTFOLIO EX-LAIF VS. LAIF
JULY 1998 - DECEMBER 2010
^EX-LAIF
MARKET YIELD CURVE
6/30/09,6/30/10, 12/31/10
Market Rates
3Mth 2Yr 5Yr
3Mth 2Yr 5Yr 10 Yr
—-06/30/2009
-*- 06/30/2010
-^-12/31/2010
.18
.17
.12
1.11
.60
.59
2.55
1.77
2.01
3.53
2.93
3.29
10 Yr
X^I—I
CD
Cumulative Cash Income
FY10-11
Cumulative Monthly Interest IncomeMinions $ (December 2010) Millions $
16
14
12
10
8
6
4
2 f
n
0
J*
— •^'
^^^
1.73 jr^"^
1 34 _^ . __* 1-35 1.12 ,, 1.1
^x^ '^^
u
41
_ n
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
c=i Interest Income --•— Budget Actual
Xrei—icoi—i—I
tn
City of Carlsbad
TRANSACTIONS FOR PERIOD:
10/01/10 TO 12/31/10 2nd QUARTER 2010-2011
Trans
Date
BUYS
OCTOBER
09/29/2010
09/29/2010
10/06/2010
10/06/2010
10/01/2010
09/29/2010
10/14/2010
09/29/2010
10/06/2010
10/18/2010
10/19/2010
10/19/2010
10/06/2010
10/21/2010
10/26/2010
NOVEMBER
11/16/2010
11/23/2010
11/23/2010
10/15/2010
10/26/2010
10/26/2010
11/18/2010
11/19/2010
11/16/2010
DECEMBER
11/17/2010
11/30/2010
11/30/2010
11/18/2010
11/30/2010
12/07/2010
12/07/2010
12/09/2010
12/14/2010
11/29/2010
12/02/2010
Investment
Date
10/04/2010
10/06/2010
10/07/2010
10/07/2010
10/15/2010
10/15/2010
10/15/2010
10/19/2010
10/21/2010
10/25/2010
10/27/2010
10/28/2010
10/29/2010
10/29/2010
10/28/2010
11/17/2010
11/24/2010
11/24/2010
11/05/2010
11/10/2010
11/16/2010
11/19/2010
11/22/2010
11/23/2010
12/01/2010
12/01/2010
12/01/2010
12/03/2010
12/03/2010
12/08/2010
12/10/2010
12/15/2010
12/20/2010
12/21/2010
12/22/2010
Maturity
Date
10/04/2012
10/06/2014
03/24/2014
02/07/2013
10/15/2015
10/15/2015
07/29/2014
04/19/2013
10/21/2014
10/25/2013
10/27/2015
10/28/2015
10/29/2014
10/29/2015
10/28/2013
08/19/2013.
04/25/2014
07/05/2014
11/05/2015
11/10/2015
11/16/2015
10/07/2015
04/04/2014
11/23/2015
12/01/2014
11/19/2015
06/22/2015
06/03/2015
06/03/2015
06/23/2014
12/15/2015
12/15/2015
12/20/2013
12/21/2012
12/22/2015
Type
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
CN
CN
FA
FA
FA
Security
FFCB
FHLB
FHLMC
FFCB
FNMA
FNMA
FHLB
FHLMC
FHLB
FFCB
FNMA
FNMA
FHLMC
FNMA
FFCB
FNMA
FNMA
FNMA
FNMA
FNMA
FNMA
FHLB
FHLB
FFCB
FFCB
FHLB
FHLMC
FHLB
FFCB
FHLMC
ROYAL BANK
BARCLAYS
FFCB
FHLMC
FHLMC
Call
Date
01/04/2011
01/06/2011
03/24/201 1
N/A
04/15/2011
04/15/2011
07/29/201 1
04/19/2011
01/21/2011
10/25/2011
10/27/2011
04/28/201 1
04/29/2011
04/29/2011
01/28/2011
08/19/2011
10/25/2011
N/A
05/05/201 1
05/10/2011
05/16/2011
01/07/2011
01/04/2011
05/23/2012
03/01/2011
08/19/2011
06/22/2011
06/03/201 1
03/03/201 1
03/23/201 1
N/A
N/A
12/20/2011
12/21/2012
06/22/201 1
Par
Value
1,000,000.00
2,000,000.00
2,000,000.00
1,065,000.00
2,000,000.00
2,600,000.00
2,000,000.00
1,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1,000,000.00
2,155,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1 ,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1,150,000.00
2,000,000.00
2,000,000.00
Coupon
0.600%
1.400%
0.75% STEP
3.400%
1.5% STEP
1.5% STEP
1 .450%
0.5% STEP
1.350%
0.840%
1.550%
1.500%
1.1 25% STEP
1.25% STEP
0.875%
1 .250%
1.000%
0.000%
1.25% STEP
1.375% STEP
1.700%
2.050%
1.375%
2.000%
1.600%
1%STEP
2.500%
1.875%
1.850%
1.500%
2.625%
3.100%
1.375%
0.800%
2.250%
Amount
(Cost)
1,000,000.00
2,000,000.00
2,000,000.00
1,133,986.44
2,000,000.00
2,600,000.00
2,009,400.00
1,000,000.00
2,000,000.00
2,000,000.00
1,998,000.00
1,999,000.00
1,000,000.00
2,155,000.00
2,000,000.00
2,006,760.00
1,998,000.00
1,922,260.00
2,000,000.00
1,998,740.00
1,997,000.00
1,999,600.00
1,998,500.00
2,000,000.00
2,000,000.00
1,000,000.00
2,021,700.00
2,000,000.00
1,998,000.00
1,999,980.00
2,038,220.00
2,000,000.00
1,150,000.00
2,000,000.00
2,000,000.00
Return
Rate
0.600%
1.400%
1.536%
0.600%
2.034%
2.034%
1.322%
1.021%
1.350%
0.840%
1.579%
1.510%
1 .553%
1.932%
0.875%
1.125%
1.030%
1.100%
1.789%
1.728%
1.731%
2.054%
1.398%
2.000%
1.600%
2.746%
2.250%
1.875%
1.873%
1.500%
2.220%
3.100%
1.375%
0.800%
2.250%
Interest
12,000.00
112,000.00
106,958.33
15,503.56
205,000.00
266,500.00
100,477.78
25,625.00
108,000.00
50,400.00
157,000.00
151,000.00
62,500.00
210,112.50
52,500.00
62,128.89
70,388.89
155,480.00
180,000.00
173,760.00
173,000.00
200,616.67
94,083.33
200,000.00
128,000.00
139,666.67
206,216.67
187,500.00
168,500.00
106,270.00
225,009.16
310,000.00
47,437.50
32,000.00
225,000.00
Investment
Return
1,012,000.00
2,112,000.00
2,106,958.33
1,149,490.00
2,205,000.00
2,866,500.00
2,109,877.78
1,025,625.00
2,108,000.00
2,050,400.00
2,155,000.00
2,150,000.00
1,062,500.00
2,365,112.50
2,052,500.00
2,068,888.89
2,068,388.89
2,077,740.00
2,180,000.00
2,172,500.00
2,170,000.00
2,200,216.67
2,092,583.33
2,200,000.00
2,128,000.00
1,139,666.67
2,227,916.67
2,187,500.00
2,166,500.00
2,106,250.00
2,263,229.16
2,310,000.00
1,197,437.50
2,032,000.00
2,225,000.00
City of Carlsbad
TRANSACTIONS FOR PERIOD:
10/01/10 TO 12/31/10 2nd QUARTER 2010-2011
Trans
Date
12/14/2010
12/02/2010
12/07/2010
. 11/29/2010
12/14/2010
12/09/2010
12/17/2010
12/22/2010
12/29/2010
Investment
Date
12/23/2010
12/23/2010
12/28/2010
12/28/2010
12/30/2010
12/30/2010
12/30/2010
12/28/2010
12/30/2010
Maturity
Date
12/23/2013
12/23/2013
12/28/2015
12/28/2012
12/30/2015
12/30/2013
06/30/2014
03/15/2013
12/30/2015
Type
FA
FA
FA
FA
FA
FA
FA
CN
FA
Security
FNMA
FNMA
FHLMC
FHLMC
FNMA
FHLMC
FNMA
ROYAL BANK
FAMCA
Call
Date
06/23/201 1
06/23/2011
12/28/2011
03/28/2011
06/30/201 1
03/30/2011
06/30/201 1
N/A
12/30/2011
TOTAL SECOND QUARTER 2010-2011
MATURITIES
OCTOBER
NOVEMBER
DECEMBER
06/01/2009
05/05/2008
04/22/2009
06/03/2009
09/02/2009
11/24/2009
06/01/2009
06/03/2009
01/20/2010
09/02/2009
11/24/2009
12/05/2008
02/12/2010
10/14/2010
10/22/2010
10/22/2010
10/22/2010
10/31/2010
10/31/2010
11/15/2010
11/15/2010
11/18/2010
11/30/2010
11/30/2010
12/16/2010
12/31/2010
FA
FA
FA
FA
TR
TR
FA
FA
TR
TR
TR
FA
TR
FHLB
FHLB
FHLB
FHLB
US TREASURY
US TREASURY
FHLB
FHLB
US TREASURY
US TREASURY
US TREASURY
FHLMC
US TREASURY
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
TOTAL SECOND QUARTER 2010-2011
CALLS and /or SALES
OCTOBER
09/24/2010
10/16/2009
08/26/2010
10/19/2009
07/28/2010
12/04/2009
09/02/2010
09/27/2010
10/19/2009
09/22/2010
10/27/2009
07/29/2010
12/07/2009
09/28/2010
03/14/2014
07/19/2012
09/22/2015
07/27/2012
04/28/2015
10/29/2012
09/28/2015
FA
FA
FA
FA
FA
FA
FA
FHLB
FFCB
FHLB
FNMA
FFCB
FNMA
FHLB
10/14/2010
10/19/2010
10/22/2010
10/27/2010
10/28/2010
10/29/2010
10/28/2010
Par
Value
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
82,970,000.00
2,000,000.00
1,000,000.00
3,000,000.00
2,000,000.00
5,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
4,000,000.00
5,000,000.00
3,000,000.00
3,000,000.00
2,000,000.00
36,000,000.00
1,263,157.89
3,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
Coupon
1.450%
1.300%
2.050%
0.5% STEP
2.25% STEP
1.500%
1.750%
2.250%
2.570%
1.250%
4.375%
1.125%
4.375%
1.500%
1.500%
1.050%
1.050%
0.000%
1.250%
1.250%
4.500%
0.875%
1.300%
1.550%
2.000%
1.700%
2.120%
1.875%
1.500%
Amount
(Cost)
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,047,930.00
1,999,000.00
83,071,076.44
2,014,960.00
1,032,893.26
3,000,000.00
2,101,180.00
5,062,500.00
2,023,125.00
2,008,660.00
2,007,180.00
3,991,946.67
5,048,828.13
3,029,179.69
3,119,880.00
2,010,100.00
36,450,432.75
1,263,157.89
2,995,200.00
2,000,000.00
998,800.00
2,001,080.00
1,003,900.00
1,998,000.00
Return
Rate
1.450%
1.300%
2.050%
0.870%
2.583%
1.500%
1.750%
1.150%
2.581%
1 .636%
0.700%
2.980%
1.125%
0.701%
0.419%
0.259%
0.750%
0.800%
0.244%
0.461%
0.291%
2.470%
0.301%
0.757%
1 .300%
1.610%
2.000%
1 .745%
2.108%
1 .736%
2.101%
Interest
87,000.00
78,000.00
205,000.00
35,000.00
260,000.00
90,000.00
122,500.00
51,695.00
258,000.00
5,907,829.95
19,276.11
74,901.88
50,625.00
20,104.72
24,524.46
4,886.05
21,906.67
23,270.00
8,053.33
28,869.96
8,935.06
154,245.00
5,321.27
444,919.51
57,473.68
132,675.00
200,000.00
47,950.00
200,202.22
50,370.83
212,000.00
Investment
Return
2,087,000.00
2,078,000.00
2,205,000.00
2,035,000.00
2,260,000.00
2,090,000.00
2,122,500.00
2,099,625.00
2,257,000.00
88,978,906.39
2,034,236.11
1,107,795.14
3,050,625.00
2,121,284.72
5,087,024.46
2,028,011.05
2,030,566.67
2,030,450.00
4,000,000.00
5,077,698.09
3,038,114.75
3,274,125.00
2,015,421.27
36,895,352.26
1,320,631.57
3,127,875.00
2,200,000.00
1,046,750.00
2,201,282.22
1,054,270.83
2,210,000.00
City of Carlsbad
TRANSACTIONS FOR PERIOD:
10/01/10 TO 12/31/10 2nd QUARTER 2010-2011
Trans
Date
NOVEMBER
08/16/2010
08/17/2010
09/24/2010
11/07/2008
06/30/2010
DECEMBER
12/04/2009
Investment
Date
09/01/2010
09/15/2010
09/27/2010
11/26/2008
07/01/2010
12/24/2009
Maturity
Date
09/01/2015
09/15/2015
03/14/2014
11/26/2013
05/26/2015
06/24/2013
Type
FA
FA
FA
FA
FA
FA
Security
FHLB
FHLB
FHLB
FHLB
FHLMC
FNMA
Call
Date
11/01/2010
11/15/2010
11/16/2010
11/26/2010
11/26/2010
12/24/2010
Par
Value
2,000,000.00
2,000,000.00
736,842.11
2,000,000.00
3,000,000.00
1,000,000.00
Coupon
2.000%
1 .500%
1.300%
3.5% STEP
3.000%
2.125%
Amount
(Cost)
2,000,000.00
1,997,500.00
736,842.11
2,000,000.00
3,027,060.00
1,000,000.00
Return
Rate
2.000%
2.022%
1.300%
4.361%
2.801%
2.125%
Interest
200,000.00
203,750.00
1 ,649.71
440,000.00
414,190.00
74,375.00
Investment
Return
2,200,000.00
2,201,250.00
738,491.82
2,440,000.00
3,441,250.00
1,074,375.00
TOTAL SECOND QUARTER 2010-2011 23,000,000.00 23,021,540.00 2.202% 2,234,636.44 25,256,176.44
INVESTMENT REPORT
AS OF DECEMBER 31, 2010
INVESTMENT
DATE
02/20/2008
05/11/2009
06/22/2009
08/31/2007
05/08/2008
09/17/2008
03/09/2007
08/01/2007
08/31/2007
05/08/2008
03/31/2009
05/11/2009
12/30/2009
06/29/2009
10/01/2009
03/19/2007
01/23/2009
06/22/2009
03/05/2007
03/15/2007
01/23/2009
10/30/2007
12/08/2009
03/15/2007
12/07/2009
12/08/2009
03/19/2007
12/30/2009
12/09/2009
06/29/2009
05/21/2007
05/17/2010
07/25/2007
10/19/2009
07/25/2007
07/25/2007
07/15/2008
05/20/2010
10/20/2009
11/25/2009
01/20/2010
08/05/2008
03/24/2010
06/04/2010
12/24/2009
* 01/25/2010
TYPE
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
SECURITY
FHLB 2.875% NON-CALL
FHLB 1.375% NON-CALL
FHLB 1.125% NON-CALL
FHLB 5.275% NON-CALL
FHLB 5.25% NON-CALL
FHLB 5.25% NON-CALL
FNMA3.64% NON-CALL
FAMCA5.50% NON-CALL
FAMCA5.50% NON-CALL
FAMCA5.5% NON-CALL
FFCB 3.625% NON-CALL
FAMCA 5.50% NON-CALL
FHLMC 5.25% NON-CALL
FHLB 1.625% NON-CALL
FHLB 1.375% NON-CALL
FHLB 5.75% NON-CALL
FHLB 5.75% NON-CALL
FFCB 3.875% NON-CALL
FHLB 5.00% NON-CALL
FHLB 5.00% NON-CALL
FHLB 5.00% NON-CALL
FHLMC 5.50% NON-CALL
FFCB 1.128% NON-CALL
FHLB 4.875% NON-CALL
FHLB 4.25% NON-CALL
FHLB 4.25% NON-CALL
FHLB 4.875% NON-CALL
FNMA 1.0% NON-CALL
FFCB .875% NON-CALL
FFCB 2.0% NON-CALL
FFCB 4.875% NON-CALL
FFCB 1.14% CALL 5/17/11
TVA 6.790% NON-CALL
TVA 6.790% NON-CALL
FHLB 5.375% NON-CALL
FHLB 5.375% NON-CALL
FHLB 4.375% NON-CALL
FHLB 1.375% NON-CALL
FFCB 2.125% NON-CALL
FFCB 5.45% NON-CALL
FHLMC 5.125% NON-CALL
FFCB 3.950% NON-CALL
FHLB 1.25% NON-CALL
FHLMC 1.125% NON-CALL
FNMA 5.00% NON-CALL
FAMCA 2.1% NON-CALL
PAR
VALUE
3,000,000.00
1,000,000.00
2,000,000.00
1,000,000.00
1,000,000.00
2,000,000.00
2,000,000.00
3,000,000.00
629,000.00
2,000,000.00
1,000,000.00
1 ,000,000.00
1,737,000.00
2,000,000.00
1,000,000.00
3,000,000.00
1,000,000.00
3,000,000.00
2,000,000.00
3,000,000.00
1,000,000.00
3,000,000.00
3,000,000.00
3,000,000.00
1,000,000.00
2,000,000.00
3,000,000.00
3,000,000.00
1,000,000.00
4,000,000.00
2,000,000.00
3,000,000.00
2,000,000.00
3,000,000.00
1,000,000.00
1,000,000.00
3,000,000.00
5,000,000.00
3,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
2,000,000.00
5,000,000.00
1,037,000.00
1,000,000.00
INVESTED
AMOUNT
2,993,378.76
1 ,001 ,350.00
1,988,700.00
1 ,020,930.00
1 ,055,434.00
2,132,207.14
1,909,480.00
3,034,380.00
644,775.32
2,116,712.00
1,044,420.00
1,072,970.00
1,853,035.07
2,012,680.00
1,006,100.00
3,111,810.00
1,097,950.00
3,152,520.00
2,018,200.00
3,032,352.00
1,077,520.00
3,117,300.00
3,014,854.10
3,018,777.00
1,061,850.00
2,126,060.00
3,009,690.00
2,994,090.00
997,136.00
4,036,800.00
1,987,880.00
3,000,000.00
2,130,980.00
3,399,498.48
1 ,005,040.00
1,005,254.43
3,050,958.11
5,036,422.30
3,049,023.21
2,210,347.28
1,092,760.00
2,002,900.00
2,000,352.89
5,004,198.09
1,127,519.73
1,015,908.69
RETURN
RATE
2.950%
1.305%
1 .420%
4.761%
3.345%
2.720%
4.805%
5.175%
4.781%
3.545%
1.639%
2.050%
0.900%
1.315%
1.375%
4.800%
1.818%
1.490%
4.773%
4.730%
1.958%
4.390%
0.850%
4.720%
1 .020%
0.956%
4.795%
1.105%
1.020%
1.630%
5.015%
1.140%
5.235%
1.534%
5.255%
5.250%
3.900%
1.015%
1 .496%
1.280%
1.320%
3.910%
1.243%
1 .085%
1 .567%
1.460%
INTEREST
270,402.49
25,653.47
55,112.50
181,976.25
106,732.67
154,501.19
406,997.78
618,286.67
118,184.21
233,760.22
85,530.00
46,807.78
25,313.30
54,847.78
19,261.11
648,148.33
49,313.89
100,323.75
432,911.11
640,148.00
53,868.89
522,075.00
46,552.13
647,473.00
20,552.78
38,509.44
672,403.75
62,826.67
20,364.00
167,200.00
489,057.50
68,400.00
524,632.22
128,989.85
256,692.64
256,478.21
460,552.31
104,515.20
120,622.62
70,024.94
34,653.19
310,466.67
58,188.78
116,583.16
44,578.33
37,466.31
INVESTMENT
RETURN
3,263,781.25
1,027,003.47
2,043,812.50
1,202,906.25
1,162,166.67
2,286,708.33
2,316,477.78
3,652,666.67
762,959.53
2,350,472.22
1,129,950.00
1,119,777.78
1,878,348.37
2,067,527.78
1,025,361.11
3,759,958.33
1,147,263.89
3,252,843.75
2,451,111.11
3,672,500.00
1,131,388.89
3,639,375.00
3,061,406.23
3,666,250.00
1,082,402.78
2,164,569.44
3,682,093.75
3,056,916.67
1,017,500.00
4,204,000.00
2,476,937.50
3,068,400.00
2,655,612.22
3,528,488.33
1,261,732.64
1,261,732.64
3,511,510.42
5,140,937.50
3,169,645.83
2,280,372.22
1,127,413.19
2,313,366.67
2,058,541.67
5,120,781.25
1,172,098.06
1,053,375.00
TERM
(Days)
1,115
717
711
1,379
1,128
996
1,588
1,444
1,414
1,163
836
795
565
758
673
1,610
934
794
1,649
1,639
959
1,416
664
1,665
708
707
1,705
693
730
932
1,788
731
1,764
947
1,780
1,780
1,424
750
972
939
907
1,448
856
784
952
928
m
en
INVESTMENT REPORT
AS OF DECEMBER 31, 2010
INVESTMENT
DATE TYPE SECURITY
01/20/2010 FA FNMA 1.75% NON-CALL
03/16/2010 FA FNMA 1.75% NON-CALL
01/29/2009 FA FHLB 4.625% NON-CALL
12/24/2009 FA FHLB 4.625% NON-CALL
06/04/2010 FA FHLB 2.4% NON-CALL
06/04/2010 FA FHLB 1.1 % NON-CALL
05/05/2008 FA FHLB 5.00% NON-CALL
08/22/2008 FA FHLB 4.5% NON-CALL
06/04/2010 FA FHLB 2.00% NON-CALL
03/08/2010 FA FHLMC 2.125% NON-CALL
10/01/2009 FA FFCB 1.80% NON-CALL
11/25/2009 FA FFCB 1.80% NON-CALL
05/11/2009 FA FHLMC 3.875% NON-CALL
10/04/2010 FA FFCB .60% CALL 1/4/11 CONTINOUS
12/10/2007 FA FFCB 4.5% NON-CALL
06/04/2010 FA FHLB 1.375% NON-CALL
06/03/2008 FA FNMA 6.41% NON-CALL
12/14/2009 FA FHLB 1.0% CALL 12/14/11 STEP
07/01/2010 FA FHLMC 4.125% NON-CALL
12/21/2010 FA FHLMC .8% CALL 3/21/11
12/28/2010 FA FHLMC .5% CALL 3/28/11 STEP
01/14/2008 FA FHLB 4.25% CALL 10/14/08
10/20/2009 FA FFCB 5.15% NON-CALL
10/07/2010 FA FFCB 3.4% NON-CALL
03/10/2008 FA FHLB 3.50% NON-CALL
08/26/2009 FA FHLMC 2.5% CALL 4/8/11
10/19/2010 FA FHLMC .50% CALL 4/19/11 STEP
10/20/2009 FA FHLMC 4.25% NON-CALL
10/20/2009 FA FHLMC 4.0% NON-CALL
11/10/2008 FA FHLB 5.375% NON-CALL
08/13/2009 FA FHLB 4.25% NON-CALL
05/25/2010 FA FFCB 1.375% NON-CALL
12/28/2009 FA FHLB 1.85% NON-CALL
08/27/2008 FA FNMA 4.375% NON-CALL
01/26/2010 FA FHLB 2.125% CALL 1/26/11
02/19/2010 FA FHLMC 1.0% CALL 2/15/11
08/19/2009 FA FFCB 2.7% NON-CALL
11/17/2010 FA FNMA 1.25% CALL 8/19/11 ONE TIME
11/12/2008 FA FHLB 4.0% NON-CALL
12/17/2008 FA FHLB 4.375% NON-CALL
09/23/2010 FA FHLB 1.125% CALL 3/23/11
03/24/2010 FA FHLMC 4.125% NON-CALL
02/23/2010 FA FFCB 3.875% NON-CALL
04/15/2010 FA FHLB 2.00% NON-CALL
10/19/2009 FA FFCB 5.350% NON-CALL
10/25/2010 FA FFCB .84% CALL 10/25/11 CONT
10/28/2010 FA FFCB .875% CALL 01/28/11 CONT
PAR
VALUE
1,000,000.00
3,000,000.00
2,000,000.00
1,000,000.00
1,000,000.00
4,000,000.00
1,175,000.00
1,000,000.00
5,000,000.00
3,000,000.00
1,000,000.00
3,000,000.00
1,000,000.00
1 ,000,000.00
2,000,000.00
3,000,000.00
1,807,000.00
1,000,000.00
3,000,000.00
2,000,000.00
2,000,000.00
3,000,000.00
1,000,000.00
1,065,000.00
3,000,000.00
2,000,000.00
1,000,000.00
500,000.00
500,000.00
1 ,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1,000,000.00
1,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
2,000,000.00
3,000,000.00
1,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
INVESTED
AMOUNT
1,009,004.81
3,034,050.00
2,150,960.00
1,078,810.00
1,027,049.96
4,000,013.10
1,238,814.19
1 ,022,730.00
5,091,850.00
3,058,800.00
1,003,470.00
3,032,750.01
1,063,510.00
1,000,000.00
2,034,780.00
3,012,394.24
1,990,388.82
999,500.00
3,233,040.00
2,000,000.00
2,000,000.00
3,000,000.00
1,102,490.00
1,133,986.44
2,963,940.00
2,008,000.00
1,000,000.00
536,967.86
532,794.50
1,065,788.37
2,130,988.03
1,993,760.00
1,987,226.45
2,035,600.00
2,000,000.00
1 ,000,000.00
1,005,669.88
2,006,760.00
1,007,890.00
2,154,940.00
2,000,000.00
3,222,330.00
1,065,180.00
2,000,000.00
2,235,072.36
2,000,000.00
2,000,000.00
RETURN
RATE
1.390%
1 .268%
2.391%
1.567%
1.150%
1.100%
3.640%
3.889%
1.180%
1 .336%
1 .680%
1.405%
1.928%
0.600%
4.100%
1.200%
3.890%
1.673%
0.939%
0.800%
0.870%
4.250%
1 .926%
0.600%
3.765%
2.384%
1.021%
2.100%
2.120%
3.800%
2.450%
1 .479%
2.040%
3.970%
2.125%
2.054%
2.550%
1.125%
3.818%
2.625%
1.125%
1.930%
2.000%
2.000%
2.264%
0.840%
0.875%
INTEREST
35,717.41
91,950.00
176,901.11
43,367.08
25,683.37
98,253.57
192,237.89
160,020.00
135,927.78
102,877.08
50,180.00
120,099.99
67,701.81
12,000.00
401,970.00
86,720.34
331,405.40
50,500.00
72,897.50
32,000.00
35,000.00
637,500.00
67,316.94
15,503.56
560,476.67
172,833.33
25,625.00
39,296.03
40,094.39
181,163.02
195,081.41
91,031.67
142,273.55
392,177.78
148,750.00
72,388.89
102,330.12
62,128.89
184,776.67
259,712.78
67,500.00
211,826.25
75,181.11
140,000.00
193,522.08
50,400.00
52,500.00
INVESTMENT
RETURN
1 ,044,722.22
3,126,000.00
2,327,861.11
1,122,177.08
1,052,733.33
4,098,266.67
1,431,052.08
1,182,750.00
5,227,777.78
3,161,677.08
1 ,053,650.00
3,152,850.00
1,131,211.81
1,012,000.00
2,436,750.00
3,099,114.58
2,321,794.22
1 ,050,000.00
3,305,937.50
2,032,000.00
2,035,000.00
3,637,500.00
1,169,806.94
1,149,490.00
3,524,416.67
2,180,833.33
1 ,025,625.00
576,263.89
572,888.89
1,246,951.39
2,326,069.44
2,084,791.67
2,129,500.00
2,427,777.78
2,148,750.00
1,072,388.89
1,108,000.00
2,068,888.89
1,192,666.67
2,414,652.78
2,067,500.00
3,434,156.25
1,140,361.11
2,140,000.00
2,428,594.44
2,050,400.00
2,052,500.00
TERM
(Days)
933
878
1,294
965
803
816
1,593
1,484
833
928
1,089
1,034
1,238
731
1,773
878
1,624
1,096
904
731
731
1,827
1,206
854
1,824
1,321
913
1,310
1,331
1,677
1,401
1,127
1,278
1,785
1,277
1,273
1,461
1,006
1,759
1,731
1,096
1,283
1,322
1,279
1,463
1,096
1,096
INVESTMENT REPORT
AS OF DECEMBER 31, 2010
INVESTMENT
DATE
01/20/2009
12/20/2010
12/23/2010
12/23/2010
12/30/2010
02/12/2010
09/17/2010
10/07/2010
11/22/2010
11/24/2010
02/12/2010
03/24/2010
12/08/2010
10/20/2009
12/30/2010
06/04/2010
06/08/2010
10/15/2010
03/24/2010
09/08/2010
03/24/2010
03/24/2010
09/24/2009
09/30/2010
10/06/2010
10/21/2010
04/22/2010
10/29/2010
12/01/2010
03/12/2010
06/04/2010
12/03/2010
12/03/2010
12/01/2010
09/20/2010
08/18/2010
08/25/2010
09/10/2010
09/14/2010
09/14/2010
09/21/2010
09/24/2010
09/24/2010
09/30/2010
09/30/2010
11/19/2010
10/15/2010
TYPE SECURITY
FA FHLB3.125% NON-CALL
FA FFCB 1.375% CALL CONT
FA FNMA1.45% CALL
FA FNMA1.30% CALL
FA FHLMC 1.50% DUE 12/30/13 CALL
FA FFCB 3.00% NON-CALL
FA FNMA 1.3% CALL 3/17/11
FA FHLMC .75% CALL 3/24/11 STEP
FA FHLB 1.375% CALL 1/4/11 CONT
FA FNMA 1.0% CALL 10/25/11
FA FNMA 2.125% CALL 10/28/11
FA FHLB 2.5% NON-CALL
FA FHLMC 1.50% CALL
FA FFCB 4.375% NON-CALL
FA FNMA 1.75% CALL QRTLY
FA FNMA 3.00% CALL 7/28/11
FA FNMA 3.00% CALL 7/28/11
FA FHLB 1.45% CALL 7/29/11
FA FHLB 5.5% NON-CALL
FA FNMA 1.50% CALL 3/8/11
FA FHLB 5.25% NON-CALL
FA FFCB 3.0% NON-CALL
FA FNMA 2.0% CALL 9/23/11 STEP
FA FNMA 1.6% CALL 3/30/11
FA FHLB 1.4% CALL 10/06/11 CONT
FA FHLB 1.35% CALL 1/21/11 QRTLY
FA FHLB 2.0% CALL 10/28/11 STEP
FA FHLMC 1.125% CALL 4/29/11 QRTLY STEP
FA FFCB 1.60% CALL CONT
FA FHLMC 1.0% STEP CALL 3/23/11
FA FNMA 2.00% CALL 10/29/12 STEP
FA FHLB 1.875% CALL CONT
FA FFCB 1.85% CALL CONT
FA FHLMC 2.5% ONE CALL 6/22/11
FA FNMA 2.35% CALL 1/14/11
FA FNMA 1.50% CALL 8/18/11
FA FHLB 1.82% CALL 8/24/11 QRTLY
FA FNMA 1.85% CALL 9/9/11
FA FHLB 1.74% CALL 9/14/12
FA FFCB 1.875% CALL 3/14/11
FA FNMA 2.0% CALL 3/21/11
FA FNMA 1.5% CALL 3/24/11 STEP
FA FNMA 2.0% CALL 3/28/11
FA FNMA 2.0% CALL 3/30/11
FA FFCB 1.99% CALL 9/30/11
FA FHLB 2.05% CALL 1/7/11 CONT
FA FNMA 1.50% CALL 4/15/11 QRTLY STEP
PAR
VALUE
2,000,000.00
1,150,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1 ,000,000.00
3,000,000.00
2,000,000.00
3,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
3,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
3,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
4,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
INVESTED
AMOUNT
2,047,941.08
1,150,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1,028,536.49
2,000,000.00
2,000,000.00
1 ,998,500.00
1,998,000.00
1,014,759.55
3,016,423.52
1,999,980.00
3,234,480.00
2,000,000.00
2,037,406.00
2,040,000.00
2,009,400.00
3,395,255.41
2,000,000.00
2,231,960.00
2,047,400.80
3,000,000.00
1,999,000.00
2,000,000.00
2,000,000.00
2,015,640.00
1 ,000,000.00
2,000,000.00
4,000,000.00
2,018,771.34
2,000,000.00
1,998,000.00
2,021,700.00
2,009,120.00
1,999,500.00
2,006,000.00
1 ,999,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1,999,000.00
1,999,600.00
2,000,000.00
RETURN
RATE
2.600%
1 .375%
1.450%
1.300%
1.500%
2.250%
1.300%
1.536%
1.398%
1 .030%
3.167%
2.363%
1 .500%
2.595%
1.750%
2.522%
2.488%
1.322%
2.323%
1.500%
2.490%
2.440%
3.163%
1.613%
1 .400%
1.350%
2.950%
1.553%
1.600%
3.400%
2.780%
1.875%
1.873%
2.250%
2.240%
2.375%
1.757%
1.861%
1.740%
1 .875%
2.000%
2.030%
2.000%
2.000%
2.001%
2.054%
2.034%
INTEREST
258,135.31
47,437.50
87,000.00
78,000.00
90,000.00
91,463.51
91,000.00
106,958.33
94,083.33
70,388.89
121,601.56
300,034.82
106,270.00
381 ,665.83
122,500.00
211,594.00
208,333.33
100,477.78
328,452.92
120,000.00
237,040.00
222,265.87
479,833.33
161,000.00
112,000.00
108,000.00
270,026.67
62,500.00
128,000.00
680,000.00
277,339.77
168,750.00
168,500.00
206,216.67
217,263.33
240,500.00
175,898.89
185,897.22
174,000.00
187,500.00
200,000.00
205,000.00
200,444.44
200,000.00
200,000.00
200,616.67
205,000.00
INVESTMENT
RETURN
2,306,076.39
1,197,437.50
2,087,000.00
2,078,000.00
2,090,000.00
1,120,000.00
2,091,000.00
2,106,958.33
2,092,583.33
2,068,388.89
1,136,361.11
3,316,458.34
2,106,250.00
3,616,145.83
2,122,500.00
2,249,000.00
2,248,333.33
2,109,877.78
3,723,708.33
2,120,000.00
2,469,000.00
2,269,666.67
3,479,833.33
2,160,000.00
2,112,000.00
2,108,000.00
2,285,666.67
1,062,500.00
2,128,000.00
4,680,000.00
2,296,111.11
2,168,750.00
2,166,500.00
2,227,916.67
2,226,383.33
2,240,000.00
2,181,898.89
2,184,897.22
2,174,000.00
2,187,500.00
2,200,000.00
2,205,000.00
2,200,444.44
2,200,000.00
2,199,000.00
2,200,216.67
2,205,000.00
TERM
(Days)
1,788
1,096
1,096
1,096
1,096
1,461
1,277
1,264
1,229
1,248
1,536
1,542
1,293
1,714
1,278
1,515
1,511
1,383
1,603
1,461
1,633
1,643
1,825
1,461
1,461
1,461
1,650
1,461
1,461
1,837
1,790
1,643
1,643
1,664
1,758
1,826
1,825
1,825
1,826
1,826
1,826
1,826
1,830
1,826
1,826
1,783
1,826
INVESTMENT REPORT
AS OF DECEMBER 31, 2010
INVESTMENT
DATE
10/15/2010
10/27/2010
10/28/2010
10/29/2010
11/05/2010
11/10/2010
11/16/2010
12/01/2010
11/23/2010
12/22/2010
12/28/2010
12/30/2010
12/30/2010
03/12/2009
02/11/2009
02/18/2009
02/25/2009
03/02/2009
03/02/2009
03/09/2010
11/24/2010
10/01/2009
10/19/2009
10/19/2009
12/30/2009
10/28/2009
09/24/2009
10/28/2009
11/24/2009
01/20/2010
11/24/2009
02/23/2010
03/24/2010
11/10/2008
11/12/2008
02/17/2006
03/30/2006
i 06/20/2006
TYPE
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FA
FN
FN
FN
FN
FN
FN
FN
FN
TR
TR
TR
TR
TR
TR
TR
TR
TR
TR
TR
TR
TR
TR
CN
CN
CN
FNMA 1.55% CALL 10/27/11
FNMA 1.50% CALL 4/28/11
FNMA 1.25% CALL 4/29/11
FNMA 1.25% CALL 5/5/11 <
FNMA 1.375% CALL 5/10/1
FNMA 1.7% CALL 5/16/11 QRTLY
FHLB 1.0% CALL QRTLY STEP
FFCB 2.0% CALL 5/23/12 CONT
FHLMC2.25% CALL QRTLY
FHLMC2.05% ONE CALL 12
FNMA 2.25% CALL QRTLY STEP
FICO STRIP 0.00% NON-CALL
FICO STRIP 0.00% NON-CALL
FICO STRIP 0.00% NON-CALL
FICO STRIP 0.00% NON-CALL
FICO 0.0% NON-CALL
FICO 0.0% NON-CALL
FICO 0.0% NON-CALL
FNMAO% NON-CALL
US TREASURY .875%
US TREASURY 0.875%
US TREASURY 0.875%
US TREASURY 0.875%
US TREASURY 0.875%
US TREASURY 1.1250%
US TREASURY 1.1250%
US TREASURY 1.1250%
US TREASURY 1.00%
US TREASURY 1.00%
US TREASURY 1.00%
US TREASURY 1.00%
US TREASURY 3.125%
US TREASURY 4.0%
CITIGROUP 5.125% NON-CALL
CITIGROUP 5.125% NON-CALL
CITIGROUP 5.125% NON-CALL
SECURITY
1 1 QRTLY STEP
/11
11
11 QRTLY STEP
1 QRTLY STEP
/1 1 QRTLY
1 QRTLY
CSTEP
CONT
TLY
L 12/28/11
LY STEP
MI-ANNUAL
SUB-TOTAL
-CALL
-CALL
-CALL
-CALL
SUB-TOTAL
Federal Investments Total
SUB-TOTAL
N-CALL
N-CALL
N-CALL
PAR
VALUE
2,600,000.00
2,000,000.00
2,000,000.00
2,155,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
306,355,000.00
1,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
14,000,000.00
320,355,000.00
3,000,000.00
3,000,000.00
3,000,000.00
4,000,000.00
3,000,000.00
4,000,000.00
3,000,000.00
4,000,000.00
1 ,000,000.00
5,000,000.00
3,000,000.00
8,000,000.00
1,000,000.00
1 ,000,000.00
46,000,000.00
5,000,000.00
2,000,000.00
2,000,000.00
INVESTED
AMOUNT
2,600,000.00
1,998,000.00
1,999,000.00
2,155,000.00
2,000,000.00
1,998,740.00
1,997,000.00
1,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1,999,000.00
312,205,917.81
956,370.00
1,889,240.00
916,713.56
1,826,280.00
1,818,680.00
1,793,820.00
1,882,080.00
1,922,260.00
13,005,443.56
325,211,361.37
3,014,531.25
3,012,656.25
3,011,718.75
4,010,625.00
3,008,320.31
4,018,593.75
3,018,398,44
4,037,343.75
1,005,625.00
5,031,445.31
3,016,170.00
8,025,312.50
1,031,328.00
1,030,781.25
46,272,849.56
5,000,000.00
1,991,793.10
1,969,446.60
RETURN
RATE
2.034%
1 .579%
1.510%
1.932%
1.789%
1 .728%
1.731%
2.746%
2.000%
2.250%
2.050%
2.583%
2.581%
2.214%
2.200%
2.300%
2.710%
2.850%
3.000%
3.050%
1 .850%
1.100%
2.202%
0.509%
0.544%
0.587%
0.661%
0.699%
0.859%
0.755%
0.538%
0.630%
0.641%
0.660%
0.801%
2.430%
2.452%
0.754%
5.125%
5.220%
5.500%
INTEREST
266,500.00
157,000.00
151,000.00
210,112.50
180,000.00
173,760.00
173,000.00
139,666.67
200,000.00
225,000.00
205,000.00
260,000.00
258,000.00
27,600,769.70
43,630.00
110,760.00
83,286.44
173,720.00
181,320.00
206,180.00
117,920.00
155,480.00
1,072,296.44
28,673,066.14
20,421.20
21,012.23
24,103.07
33,125.00
33,421.49
60,889.95
38,096.13
34,680.71
9,673.91
56,814.36
31,797.03
102,864.30
118,792.86
121,777.13
707,469.37
1,279,114.58
507,609.68
507,178.40
INVESTMENT
RETURN
2,866,500.00
2,155,000.00
2,150,000.00
2,365,112.50
2,180,000.00
2,172,500.00
2,170,000.00
1,139,666.67
2,200,000.00
2,225,000.00
2,205,000.00
2,260,000.00
2,257,000.00
339,806,687.51
1,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,077,740.00
14,077,740.00
353,884,427.51
3,034,952.45
3,033,668.48
3,035,821.82
4,043,750.00
3,041,741.80
4,079,483.70
3,056,494.57
4,072,024.46
1,015,298.91
5,088,259.67
3,047,967.03
8,128,176.80
1,150,120.86
1,152,558.38
46,980,318.93
6,279,114.58
2,499,402.78
2,476,625.00
TERM
(Days)
1,826
1,826
1,826
1,826
1,826
,826
,826
,814
,826
,826
,826
,826
,826
1,344
744
908
1,178
1,171
1,166
1,314
1,206
1,319
1,126
2,470
487
469
497
456
580
644
610
583
557
645
584
586
1,755
1,783
731
1,823
1,782
1,700
INVESTMENT REPORT
AS OF DECEMBER 31, 2010
INVESTMENT
DATE
04/19/2006
06/12/2006
04/16/2007
04/21/2009
05/21/2007
04/02/2009
05/30/2008
05/30/2008
05/12/2009
05/29/2007
08/14/2009
04/28/2009
08/17/2009
03/20/2007
10/11/2007
11/15/2007
05/12/2009
05/05/2009
04/21/2009
04/23/2009
04/30/2008
08/31/2007
05/30/2008
02/08/2010
07/17/2008
08/31/2007
10/31/2007
11/23/2007
01/30/2008
12/28/2010
04/24/2008
05/07/2008
05/12/2009
05/30/2008
05/09/2008
12/23/2008
05/12/2009
05/29/2009
05/20/2010
09/30/2010
12/15/2010
12/15/2010
TYPE
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
CN
O
O
SECURITY
HOME DEPOT 5.20% NON-CALL
GENERAL ELECTRIC 5.50% NON-CALL
GENERAL ELECTRIC 5.50% NON-CALL
TOYOTA FIN 5.375% NON-CALL
TOYOTA 5.450% NON-CALL
ROYAL BANK OF CANADA 5.65% NON-CALL
WELLS FARGO CO 5.30% NON-CALL
GENWORTH GLOBAL 5.375% NON-CALL
MET LIFE GLOBAL FUNDING 5.125% NON-CALL
GENERAL ELECTRIC 5.50% CALL 11/15/08
SUNTRUST BANK 3.0% NON-CALL
CITIGROUP 2.875% NON-CALL
TOYOTA 5.25% NON-CALL
GENERAL ELECTRIC 5.875% NON-CALL
GENERAL ELETRIC 5.875% NON-CALL
GENERAL ELETRIC 5.875% NON-CALL
CHEVRON 3.450% NON-CALL
BARCLAYS BANK 2.7% NON-CALL
BERKSHIRHATWY4.00% NON-CALL
BERKSHIRHATWY4.00% NON-CALL
PRINCIPAL LIFE INC 4.5% NON-CALL
GENERAL ELECTRIC 6.00% NON-CALL
GENERAL ELECTRIC 6.00% NON-CALL
GENERAL ELECTRIC 6.00% NON-CALL
PROTECTIVE LIFE 5.050% NON-CALL
JOHNSON & JOHNSON 5.15% NON-CALL
GENERAL ELECTRIC 5.250% NON-CALL
GENERAL ELECTRIC 5.250% NON-CALL
WELLS FARGO 5.250% NON-CALL
ROYAL BANK OF CANADA 2.25% NON-CALL
MET LIFE GLOBAL FUNDING 5.125% NON-CALL
MET LIFE GLOBAL FUNDING 5.125% NON-CALL
WAL-MART 4.250% NON-CALL
ALLSTATE LIFE 5.375% NON-CALL
NEW YORK LIFE 4.650% NON-CALL
BERKSHIRHATWY4.60% NON-CALL
3 M 4.375% NON-CALL
WAL-MART 3.20% NON-CALL
MICROSOFT 2.95% NON-CALL
ROYAL BANK OF CANADA 1.75% CALL STEP
BARCLAYS BANK 3.10% NON-CALL
ROYAL BANK OF CANADA 2.625% NON-CALL
SUB-TOTAL
WELLS FARGO BANK
CORPORATE CASH MANAGEMENT ACCOUNT
PAR
VALUE
3,000,000.00
3,000,000.00
3,000,000.00
2,000,000.00
4,000,000.00
1,000,000.00
1,000,000.00
2,000,000.00
1 ,000,000.00
1 ,850,000.00
2,000,000.00
2,000,000.00
2,250,000.00
5,956,000.00
3,000,000.00
2,000,000.00
3,000,000.00
1 ,575,000.00
1 ,000,000.00
2,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
2,000,000.00
3,000,000.00
1,000,000.00
2,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
1 ,000,000.00
1 ,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
90,631,000.00
825,460.00
4,897,086.18
INVESTED
AMOUNT
2,974,590.00
3,006,145.34
3,048,646.38
2,078,000.00
4,054,280.00
1,066,260.00
1,032,919.79
2,016,628.76
1 ,020,480.00
1 ,850,000.00
2,066,260.00
2,060,840.00
2,427,570.00
6,187,688.40
3,089,347.40
2,089,414.35
3,103,177.11
1,590,861.34
1,022,563.95
2,039,340.00
1,000,000.00
1,033,437.31
1,052,958.51
2,174,860.00
3,000,000.00
1,017,457.28
2,036,663.70
2,065,283.50
1,042,814.41
2,047,930.00
1,003,232.48
2,019,402.04
1,047,829.91
2,023,559.81
1,006,649.66
1,023,835.68
2,121,417.76
1,003,190.00
2,072,820.00
2,000,000.00
2,000,000.00
2,038,220.00
92,617,814.57
825,460.00
4,897,086.18
RETURN
RATE
5.400%
5.450%
5.050%
3.372%
5.070%
2.659%
4.200%
5.100%
4.250%
5.500%
1.500%
1.680%
1.800%
4.970%
5.100%
4.700%
2.180%
2.330%
3.200%
3.300%
4.500%
5.200%
4.550%
2.167%
5.050%
4.750%
4.830%
4.500%
4.240%
1.150%
5.050%
4.900%
2.950%
5.100%
4.500%
4.000%
2.850%
3.130%
2.005%
2.255%
3.100%
2.220%
4.025%
0.100%
0.100%
INTEREST
784,610.00
798,687.99
616,853.62
142,375.00
815,903.33
63,690.00
138,741.32
344,093.46
107,217.92
453,918.06
69,073.33
89,458.61
99,695.62
1 ,483,867.09
676,360.93
409,960.65
187,485.39
104,626.16
96,769.38
198,882.22
178,375.00
253,896.02
189,541.49
107,473.33
605,158.33
237,753.83
484,836.30
449,799.83
205,539.76
51,695.00
251 ,024.46
485,410.46
118,982.59
504,981.86
225,850.34
177,542.10
251,186.41
155,565.56
164,982.78
227,000.00
310,000.00
225,009.16
15,837,777.35
2.26
13.42
INVESTMENT
RETURN
3,759,200.00
3,804,833.33
3,665,500.00
2,220,375.00
4,870,183.33
1,129,950.00
1,171,661.11
2,360,722.22
1,127,697.92
2,303,918.06
2,135,333.33
2,150,298.61
2,527,265.62
7,671,555.49
3,765,708.33
2,499,375.00
3,290,662.50
1,695,487.50
1,119,333.33
2,238,222.22
1,178,375.00
1,287,333.33
1,242,500.00
2,282,333.33
3,605,158.33
1,255,211.11
2,521,500.00
2,515,083.33
1,248,354.17
2,099,625.00
1,254,256.94
2,504,812.50
1,166,812.50
2,528,541.67
1,232,500.00
1,201,377.78
2,372,604.17
1,158,755.56
2,237,802.78
2,227,000.00
2,310,000.00
2,263,229.16
108,455,591.92
825,462.26
4,897,099.60
TERM
(Days)
1,777
1,781
1,473
748
1,458
839
1,183
1,203
911
1,631
824
955
857
1,793
1,588
1,553
1,026
1,035
1,090
1,088
1,447
1,750
1,477
858
1,459
1,811
1,815
1,792
1,728
808
1,812
1,799
1,434
1,796
1,826
1,604
1,556
1,812
1,473
1,826
1,826
1,826
1,459
1
1
INVESTMENT
DATE
INVESTMENT REPORT
AS OF DECEMBER 31, 2010
TYPE SECURITY
O LIBRARY ACCOUNT
O UNION TRUST
O L A I F WATER DISTRICT
O L A I F PUBLIC IMPROVEMENT CORPORATION
O L A I F PUBLIC FINANCING CORPORATION
O L A I F CITY OF CARLSBAD
PAR
VALUE
105.55
-
24,265,000.00
25,800,000.00
26,484,000.00
25,657,000.00
07,928,651.73
INVESTED
AMOUNT
105.55
-
24,265,000.00
25,800,000.00
26,484,000.00
25,657,000.00
107,928,651.73
RETURN
RATE
0.000%
0.040%
0.470%
0.470%
0.470%
0.470%
0.450%
INVESTMENT TERM
JEST
-
-
316.79
336.83
345.76
334.97
RETURN
105.55
-
24,265,316.79
25,800,336.83
26,484,345.76
25,657,334.97
(Days)
1
1
1
1
1
1
1,350.03 107,930,001.76
GRAND TOTAL 564,914,651.73 572,030,677.23 2.056% 45,219,662.89 617,250,340.12
EXHIBIT 8
CITY OF CARLSBAD
Fund Equity in Pooled Investments
AS OF DECEMBER 31, 2010
Cash Balance by Fund:
General 60,765,696
Special Revenue 48,761,095
Debt Service 0
Capital Projects:
General Capital Construction 65,251,453
Traffic Impact Fees 17,474,003
Public Facilities Fees 44,588,308
Park Development 2,447,150
Transnet Taxes 6,565,732
Drainage Fees 5,696,375
Special Districts 73,485,447
Infrastructure Replacement 61,019,397
Redevelopment 5,834,957
Other Capital Construction 4,697,997
Total 287,060,817
Enterprise:
Carlsbad Municipal Water District 72,306,872
Sewer Fund 47,165,927
Solid Waste 7,096,065
Storm Water 1,824,122
Golf Course 211,330
Total 128,604,317
Internal Service 29,429,646
Agency Funds 13,540,565
Misc. Special Funds 0
Total General Ledger Balance ** 568,162,137
Reconciling Adjustments (1) 494,375
Total Treasurer's Investment Portfolio at Amortized Cost 568,656,513
(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 1/07/11
EXHIBIT 9
CITY OF CARLSBAD INVESTMENT PORTFOLIO
As of December 31, 2010
CORPORATE NOTE AND COMMERCIAL PAPER RATINGS
Corporate Note Investments Meeting the Current Investment Policy:
(Ratings must be AA or better by both Moody's and S&P)
Moody's S&P
BARCLAYS BANK
BERKSHIRE HATHAWAY
CHEVRON
GENERAL ELECTRIC
JOHNSON & JOHNSON
MET LIFE GLOBAL
MICROSOFT
NEW YORK LIFE
ROYAL BANK OF CANADA
SUNTRUST BANK
3M
TOYOTA
WAL-MART
AAA AAA
AA2 AA+
AA1 AA
AA2 AA+
AAA AAA
AA3 AA-
AAA AAA
AAA AAA
AA1 AA-
AAA AAA
AA2 AA-
AA2 AA
AA2 AA
Commercial Paper Investments Meeting the Current Investment Policy:
(Ratings must be A1/P1 or better by both Moody's and S&P)
(Ratings of other debt must be AA or better by Moody's and S&P)
NONE
Investments with Subsequent Changes in Credit Rating *
Carrying
Moodv's S&P Purchased Value
ALL STATE LIFE
CITIGROUP
GENWORTH GLOBAL
HOME DEPOT
A1 A+ 05/30/2008 2,011,168
A3 A 06/20/2006 11,020,867
A2 A 05/07/2008 2,003,496
BAA1 BBB+ 06/12/2006 2,999,130
Market
Value
2,177,920
11,090,350
2,054,860
3,021,810
PRINCIPAL LIFE
PROTECTIVE LIFE
WELLS FARGO
AA3 A 04/30/2008 1,000,000 1,014,710
A2 AA- 07/17/2008 3,000,000 3,112,200
A1 AA- 01/30/2008 2,023,026 2,102,780
* 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, 2010
WEIGHTINGS FOR CORPORATE AND FEDERAL AGENCY ISSUERS
PERCENTAGE WEIGHTINGS BY CORPORATE NOTE ISSUER
ALL STATE LIFE
BARCLAYS BANK
BERKSHIRE HATHAWAY
CHEVRON
CITIGROUP
GENERAL ELECTRIC CAP
GENWORTH GLOBAL
HOME DEPOT
JOHNSON & JOHNSON
MET LIFE GLOBAL FUND
MICROSOFT
NEW YORK LIFE
PRINCIPAL LIFE
PROTECTIVE LIFE
ROYAL BANK OF CANADA
SUNTRUST BANK
3M
TOYOTA
WAL-MART
WELLS FARGO
PERCENTAGE WEIGHTINGS BY FEDERAL
FAMCA
FICO
FEDERAL FARM CREDIT BANK
FEDERAL HOME LOAN BANK
FEDERAL HOME LOAN MORTGAGE CORP
FEDERAL NATIONAL MORTGAGE ASSOC
TVA
U.S. TREASURY
Total Portfolio
Investment Cost
2,023,559.81
3,590,861.34
4,085,739.63
3,103,177.11
11,022,079.70
27,634,444.89
2,016,628.76
2,974,590.00
1,017,457.28
4,043,114.52
2,072,820.00
1,006,649.66
1,000,000.00
3,000,000.00
7,152,410.00
2,066,260.00
2,121,417.76
8,559,850.00
2,051,019.91
2,075,734.20
AGENCY ISSUER
Investment Cost
9,883,746.01
11,083,183.55
61,560,456.57
114,516,630.98
47,744,415.52
74,892,450.25
5,530,478.48
46,272,849.56
Percent of Portfolio*
0.35%
0.63%
0.71%
0.54%
1.93%
4.83%
0.35%
0.52%
0.18%
0.71%
0.36%
0.18%
0.17%
0.52%
1.25%
0.36%
0.37%
1.50%
0.36%
0.36%
Percent of Portfolio**
1.73%
1.94%
10.76%
20.02%
8.35%
13.09%
0.97%
8.09%
$572,030,677.23
* 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, 2010
Fund Type Investments
Stated Int.
Rate
Maturity
Date Par Value
Assessment District 03-01 (College/Cannon)
Project Fund
Redemption Fund
LAIF
LAIF
0.47%
0.47%
N/A
N/A
$
$
921,645
1,193,835
Cost
Fiscal Agent:
$
$
921,645
1,193,835
Source
BNY Western Trust
LAIF
LAIF
Re-Assessment District 97-01 (Alga Road & College Blvd)
Imprvmnt Fund - Alga AIM STIT Treasury
Assessment District 95-01 (Carlsbad Ranch)
Reserve Fund Repub Natl Bank Repo Agreement (HSBC)
Assessment District 96-01 (Rancho Carrillo)
Reserve Fund Repub Natl Bank Repo Agreement (HSBC)
Assessment District 02-01 (Poinsettia Lane)
Improvement Fund AIM
Redemption Fund LAIF
EFJPA
Reserve Fund AIG Investment Agreement
Communities Facilities District #3 Improvement Area 1
Project Fund AIM STIT Treasury
Reserve Fund BNY Hamilton Money Market
Other BNY Hamilton Money Market
Communities Facilities District #3 Improvement Area 2
Project Fund LAIF
Reserve Fund BNY Hamilton Money Market
Other LAIF/BNY
CPFA Golf Course Bonds
Reserve Fund
Other
BNY Hamilton Money Market
BNY Hamilton Money Market
N/A
5.83%
N/A $
N/A $
277,903 $
948,208 $
6.03% 09/02/28 $ 1,292,770 $
Fiscal Agent: US Bank
277,903 AIM Instit. Fund Services
Fiscal Agent: BNY Western Trust
948,208 HSBC Bank of New York
Fiscal Agent: BNY Western Trust
1,292,770 HSBC Bank of New York
Fiscal Agent: BNY Western Trust
N/A
0.47%
5.36%
N/A
various
various
0.47%
various
various
various
various
N/A
N/A
08/01/14
N/A
09/01/36
N/A
N/A
09/01/38
N/A
N/A
N/A
$
$
$
$
$
$
$
$
$
$
$
$
4,444,657
2,484,685
953,706
1 ,927,244
771,254
24,493
12,863
1,068,216
86,557
1,238,325
17,646,361
$
$
$
$
$
$
$
$
$
$
$
$
4,444,657
2,484,685
Fiscal Agent:
953,706
Fiscal Agent:
1,927,244
771 ,254
24,493
Fiscal Agent:
12,863
1,068,216
86,557
Fiscal Agent:
1,238,325
17,646,361
AIM Instit. Fund Services
LAIF
BNY Western Trust
GIC
BNY Western Trust
AIM Instit. Fund Services
BNY Western Trust
BNY Western Trust
BNY Western Trust
LAIF
BNY Western Trust
LAIF/BNY
BNY Western Trust
BNY Western Trust £
BNY Western Trust =
c
H
H:\Long Term DebtXQuarterly Investment Reports\Qtr Inv Rpt.xlsx
City of Carlsbad
Summary of Outstanding Housing Loans
As of December 31, 2010
Updated on: 01/11/2011
Loan amount Developer loan
Loans issued by City Loans issued by City loan Developer due to City amount due to
First date # of loans to developers/ Developer to # of loans repaid to loan repaid (recorded as City (not on
Borrower
Individual homebuyers
Individual homebuyens
Individual homebuyers
Individual homebuyers
Individual homebuyers
Individual homebuyers
Catholic Charities
CB Laurel Tree Apartments
CB Housing Partnership
Pacific Vista Las Flores
Poinsettia Housing Assoc
Bridge Housing Corp
Dove Family Housing
CIC Calavera LP
Individual homebuyers
individual homebuyers
El Camino Family Housing
Individual homebuyers
Individual homebuyers
Habitat for Humanity
CIC La Costa
Down Payment & Closing
Cost Assistance
CIC Glen Ridge, LP
Development
City-wide (CHAP)
Calavera Hills
Cherry Tree Walk
Serrano
Rancho Carlsbad
Solamar
Homeless shelter
Laurel Tree
Rancho Carrillo
Vista Las Flores
Poinsettia Station
Villa Loma
La Costa Paloma
Mariposa Apts
Mulberry at
Bressi Ranch
Village by the Sea
Cassia Heights
Laguna Point
The Bluffs
Roosevelt St.
Condos
Hunter's Point
Various
Glen Ridge
Purpose
Sale
Sale
Sale
Sale
Sale
Sale
Shelter
Rentals
Rentals
Rentals
Rentals
Rentals
Rentals
Rentals
Sale
Sale
Rentals
Sale
Sale
Sale
Rentals
Assistance
Rentals
issued
06/28/99
10/15/99
06/28/99
05/25/01
05/20/99
09/26/88
09/19/97
12/24/98
03/05/01
02/27/01
10/21/99
11/04/94
07/15/03
09/15/04
04/29/05
10/28/05
03/07/06
07/06/06
06/14/07
08/30/07
08/19/08
06/25/09
10/05/09
issued
133
5
42
90
22
9
1
2
1
1
1
2
1
1
100
11
1
3
8
1
1
4
1
441 $
homeowners
$1,680,000
75,000
453,600
1,350.000
752,533
147,726
200,000
1.134,000
1,157,584
363,948
920,000
2,212,000
2,070.000
1,060,000
1 ,840,000
220.000
1 ,454,276
210.000
200,000
797,539
1,932,000
101,350
1,014,000
21,345,556
homeowners outstanding
$ - 37
150,000 1
452,600 14
4,050,000 33
14
1
1
2
1
1
1
2
1
1
19,660,200 100
4,087,200 7
1
3
8
1
1
8
1
$ 28,400,000 240
City to City AR)
($1,355,682) $ - $324,318.35 $
(60,000) (120,000) 15,000
(302,400) (283,250) 151,200
(855,133) (2,565,000) 494,867
(298.969) - 453,564
(135,065) - 12,661
200,000
(408,778) - 725,222
1,157,584
363,948
920,000
(1,725.986) - 486,014
(1,022,966) - 1,047,034
1,060.000
1,840,000
220,000
1,454,276
210,000
200,000
797,539
1.932,000
,,
101,350
1,014,000
$ (6,164,979) $ (2.968,250) $ 15,180.577 $
City's books)
324,318
30,000 45,000
169,350 320,550
1,485,000 1,979,867
453,564
12,661
200,000
725,222
1.157,584
363,948
920,000
486,014
1,047,034
1,060,000
19,660,200 21,500,200
4,087,200 4,307,200
1,454,276
210,000
200,000
797,539
1 ,932,000
101,350
1,014,000
25,431,750 $40,612,327
Type of Loan
Payment deferred 15 years No interest is
due unless home is sold before 16th year
Payment deferred 30 years. No interest is
due unless home is sold before 31th year
Payment deferred 30 years No interest is
due unless home is sold before 31th year
Payment deferred 30 years. No interest is
due unless home is sold before 31 th year
Principal is due when home is sold
Principal is due when home is sold
Principal is due when property is sold
Principal and 3% interest each year for 30
years when surplus cash is available
Principal and 3% interest each year for 55
years when surplus cash is available
Principal and 3% interest each year for 55
years when surplus cash is available
Principal and 3% interest each year for 55
years when surplus cash is available
Principal and 3% interest each year for 1 5
years when surplus cash is available
Principal and 3% interest each year for 55
years when surplus cash is available
Principal and 3% interest each year for 55
years when surplus cash is available
Payment deferred 30 years. No interest is
due unless home is sold before 31th year
Payment deferred 30 years. No interest is
due unless home is sold before 31th year
Principal and 3% interest each year for 55
years when surplus cash is available
Payment deferred 45 years. No interest is
due unless home is sold before 46th year
Payment deferred 30 years No interest is
due unless home is sold before 31th year
Refer to Agenda Bill 18,569 / Resolution
2006-131 & AB 19,183 / R2007-255
Refer to AB18.251 / Resolution 2005-264
Refer to Agenda Bill 19,415 /Resolution
2008-121
Refer to Agenda Bill 397 / Resolution 435
During the 2nd Qtr of FY2010-11, approximately $16,772 in CHAP loan payments were received; a $15,000 loan payment was received due to one pay-off related to the Serrano development; a $42,559 loan payment was received due to a pay-off
related to the Rancho Carlsbad development; and $53,850 in Down Payment and Closing Cost Assistance loans were issued. The total outstanding loan balance is $15,180,577.
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