HomeMy WebLinkAbout2023-12-12; City Council; ; Report on City Investments as of Oct. 31, 2023CA Review JRT
Meeting Date: Dec. 12, 2023
To: Mayor and City Council
From: Scott Chadwick, City Manager
Staff Contact: Craig Lindholm, City Treasurer
craig.lindholm@carlsbadca.gov, 442-339-2472
Roxanne Muhlmeister, Assistant Finance Director
roxanne.muhlmeister@carlsbadca.gov, 442-339-2417
Subject: Report on City Investments as of Oct. 31, 2023
District: All
Recommended Action
Accept and file Report on City Investments as of Oct. 31, 2023.
Executive Summary
The city’s Investment Policy requires the City Treasurer to report the status of the city’s pooled
investment portfolio to the City Council each month.
Discussion & Fiscal Analysis
The city’s pooled investment portfolio as of the month ending Oct. 31, 2023, is summarized
below.
Pooled investment portfolio (cash and securities)
Current month Prior month
Par value1 $856,033,452 $855,838,668
Investment cost $860,029,554 $860,697,251
Amortized cost2 $854,515,991 $855,005,733
Market value3 $812,696,616 $812,367,695
(1)The face value of the investments.
(2)The cost of investments adjusted for amortized premiums and discounts.
(3)The amount at which the investments could be sold. Source of market value
is Wells Fargo Bank’s custodial report.
Dec. 12, 2023 Item #2 Page 1 of 22
The equity portion of the various funds in the total portfolio, that is, the part of the total
investment portfolio assigned to each fund, is summarized in the graph below. Fund balances
are restricted for various purposes (See Exhibit 6 for a more detailed breakdown).
Pooled investment interest income
Fiscal year to date Current month Prior month
Cash income $6,957,967 $1,999,700 $1,737,767
The cash income received is adjusted for any received interest previously purchased.
Pooled investment performance
Average life (years) Yield4 Modified duration
August 2023 1.71 2.39% 1.52
September 2023 1.75 2.33% 1.55
October 2023 1.73 2.35% 1.54
(4) Yield is computed by totaling the weighted average of each investment’s return less any costs.
All pooled investments have been made in accordance with the city’s Investment Policy, which
was adopted Jan. 2, 1985, and last revised Feb. 7, 2023; however, events after the purchase
might result in perceived non-compliance with the current policy. These events are typically a
change in the credit rating after a purchase, a change in the city’s Investment Policy, or a
temporary reduction in total portfolio assets.
Capital projects, $397
Enterprise, $202 General, $139
Internal service, $70
Special revenue, $35
Fiduciary, $4
Fund equity in pooled investments
October 31, 2023
(in millions)
Dec. 12, 2023 Item #2 Page 2 of 22
Exhibit 7 shows the investments out of compliance with the current policy that experienced a
subsequent change in credit rating. Ratings on two investments have dropped to less than the
rating required by the Investment Policy since their initial purchase. Corporate notes and
municipal bonds require a “split rating” of AA from one rating company and an A rating from a
second. Mortgage-backed securities require an AA rating from one rating company.
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.
Next Steps
The report on city investments will continue to be produced monthly by the City Treasurer.
Environmental Evaluation
This action does not require environmental review because it does not constitute a project
within the meaning of the California Environmental Quality Act under California Public
Resources Code Section 21065 in that it has no potential to cause either a direct physical
change or a reasonably foreseeable indirect physical change in the environment.
Exhibits
1. Investments by cost, market value, cash income and average yield by class
2. Maturities by classification and length of time at market value
3. Yield comparison & market yield curve
4. Cash income by month & cumulative cash income
5. Maturities, calls and purchases this quarter
6. Fund equity in pooled investments
7. Security ratings and outlooks
8. Portfolio allocation at amortized cost by issuer
9. Investment detail
Dec. 12, 2023 Item #2 Page 3 of 22
City of Carlsbad investment portfolio
Investments by cost, market value, cash income and average yield by class
Exhibit 1
Investment cost Market value Average yield
Class Current month Prior month Current month Prior month YTD income
Current
month
Prior
month
Percent
of total
Certificate of
deposit 21,506,877$ 21,263,877$ 20,111,717$ 19,841,146$ 121,319$ 1.93% 1.88% 2.47%
Corporate notes 153,840,909 152,857,369 141,056,266 140,037,018 1,455,941 1.92% 1.90% 17.36%
Federal agency 326,310,724 326,331,904 304,995,978 304,336,617 1,458,741 1.41% 1.39% 37.53%
Mortgage
passthrough
securities
40,047,195 40,808,831 37,697,335 38,466,082 316,142 2.81% 2.81% 4.64%
Municipal bonds 81,471,332 75,035,423 75,862,352 69,544,895 567,637 2.12% 1.92% 9.33%
Supranational
securities 19,683,412 24,981,692 18,318,577 23,321,584 125,133 1.69% 1.91% 2.25%
US Treasury 71,232,867 73,722,321 68,718,153 71,124,518 229,876 2.06% 1.91% 8.46%
General cash
account 2,459,901 2,149,063 2,459,901 2,149,063 - 0.10% 0.10% 0.30%
Sweep account 5,006,759 6,900,178 5,006,759 6,900,178 131,502 5.22% 5.21% 0.62%
Investment cash
account 5,668,024 2,995,604 5,668,024 2,995,604 35,028 0.10% 0.10% 0.70%
California Asset
Mgmt Program
(CAMP)
130,992,572 131,858,174 130,992,572 131,858,174 2,486,515 5.56% 5.55% 16.12%
Local Agency
Investment Fund
(LAIF)
1,808,983 1,792,816 1,808,983 1,792,816 30,133 3.67% 3.53% 0.22%
Total 860,029,554$ 860,697,251$ 812,696,616$ 812,367,695$ 6,957,967$ 2.35% 2.33% 100.00%
Policy:
Certificates of deposit and corporate notes are limited to 30% of total portfolio at the time of purchase.
Pass through securities are limited to 20% of total portfolio at the time of purchase.
Municipal bonds are limited to 15% of total portfolio at the time of purchase.
Supranational securities are limited to 10% of total portfolio at the time of purchase.
October 31, 2023
Dec. 12, 2023 Item #2 Page 4 of 22
City of Carlsbad investment portfolio
Maturities by classification and length of time at market value
Exhibit 2
Class Overnight Within 12 months 13-36 months 37-60 months Total
Certificate of deposit - 2,427,952.14$ 11,336,043.09 6,347,722.08 20,111,717.31
Corporate notes - 52,345,177.45 53,301,526.77 35,409,562.00 141,056,266.22
Federal agency - 63,308,638.88 189,620,314.47$ 52,067,024.95$ 304,995,978.30
Mortgage passthrough
securities - 2,552,281.18 13,469,100.82 21,675,952.96 37,697,334.96
Municipal bonds - 9,479,437.50 37,047,001.95 29,335,912.95 75,862,352.40
Supranational securities - 5,224,232.00 8,254,350.00 4,839,994.50 18,318,576.50
US Treasury - 31,136,670.00 25,244,135.00 12,337,347.50 68,718,152.50
General cash account 2,459,901.00 - - - 2,459,901.00
Sweep account 5,006,758.64 - - - 5,006,758.64
Investment cash account 5,668,023.59 - - - 5,668,023.59
California Asset Mgmt
Program (CAMP) 130,992,571.92 - - - 130,992,571.92
Local Agency Investment
Fund (LAIF) 1,808,982.84 - - - 1,808,982.84
Totals 145,936,237.99$ 166,474,389.15$ 338,272,472.10$ 162,013,516.94$ 812,696,616.18$
Percent Total 18.0%20.5%41.6%19.9%100.0%
$312,410,627
84.0%
Policy:
Maximum term for all securities is five years.
Not less than $251,510,000 to mature within one year, two-thirds of FY 23-24 operating budget of $377,263,607.
October 31, 2023
Percentage of the budget
Total within one year
Dec. 12, 2023 Item #2 Page 5 of 22
City of Carlsbad investment portfolio
Yield comparisons
Exhibit 3
October 31, 2023
0.00
1.00
2.00
3.00
4.00
5.00
6.00
3 month 2 year 5 year 10 year
FY 20-21 end 0.05 0.25 0.87 1.45
FY 21-22 end 1.72 2.92 3.01 2.98
FY 22-23 end 5.43 4.87 4.13 3.81
Oct 31, 2023 5.59 5.07 4.82 4.88
Ma
r
k
e
t
r
a
t
e
(
%
)
Yield comparison: market yields
Fiscal year ends compared to current
0.00
1.00
2.00
3.00
4.00
5.00
6.00
Yi
e
l
d
(
%
)
Yield comparison: Securities vs CAMP vs LAIF
Three year comparison
Securities CAMP LAIF
Dec. 12, 2023 Item #2 Page 6 of 22
City of Carlsbad investment portfolio
Cash income
Exhibit 4
October 31, 2023
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
$2,000,000
In
t
e
r
e
s
t
I
n
c
o
m
e
Cash income by month
13-month comparison
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
In
t
e
r
e
s
t
I
n
c
o
m
e
Cumulative cash income
13-month comparison, by fiscal year
Dec. 12, 2023 Item #2 Page 7 of 22
• • • • • • • • • • • •
y' y' y' ~ ~ !', ~ ~ ~ !', ~ ~ ~ {f ~ ~ ~ '$$ !:'v !: ~ ~ ~'v § f:i {f 0 ~o ,f ','Ii <,.fl, ~'Ii ~ ~'b '>" '>" "?-" c-,'l, 0
City of Carlsbad investment portfolio
Maturities, calls and purchases this quarter
Exhibit 5
CUSIP Issuer Settled Maturity Yield Par value Book value Interest Total
Certificate of deposit
635573AK4 National Coop Bank 11/15/18 10/30/23 3.45% 245,000.00 245,000.00 4,237.83 249,237.83
Federal agency
3133EJD48 Federal Farm Credit Bk 10/17/18 10/02/23 3.05% 2,500,000.00 2,500,000.00 38,125.00 2,538,125.00
3133EJQA0 Federal Farm Credit Bk 02/07/19 10/23/23 3.00% 1,000,000.00 1,000,000.00 15,000.00 1,015,000.00
Mortgage passthrough securities
31398E6W9 FHLM - FHR 3544 BC 08/27/20 10/15/23 0.53% 11,480.26 12,029.16 217.63 12,246.79
3137F32A1 FHLM - KHG1 A1 04/15/20 10/25/23 1.00% 89,336.82 95,757.90 3,443.30 99,201.20
30315EAA4 FRESB - MFM 07/24/20 10/25/23 0.83% 1,429.56 1,436.55 616.18 2,052.73
30318NAA1 FRESB - 2021-SB83 02/19/21 10/25/23 0.51% 16,675.80 16,754.11 672.59 17,426.70
3137FBTA4 FHLM - FHMS K728 03/10/21 10/25/23 3.06% 331,724.04 357,808.44 7,367.66 365,176.10
30321CAQ5 FRESB - 2021-SB88 A5F 07/23/21 10/25/23 0.75% 40,234.22 40,423.16 1,303.61 41,726.77
3137BP4J5 FHLM - FHMS K1R1 08/20/21 10/25/23 0.41% 44,124.03 46,213.03 2,782.05 48,995.08
30324QAC2 FRESB - 2022-SB94 01/21/22 10/25/23 1.50% 7,471.47 7,506.03 5,785.70 13,291.73
30311SAA7 FRESB - 2022-SB97 A5F 04/22/22 10/25/23 2.80% 5,187.09 4,981.08 5,020.83 10,001.91
3137BM7B6 FHMS - K051 A1 06/30/22 10/25/23 3.30% 95,632.65 94,885.52 6,134.10 101,019.62
3137BL6J2 FHLM - FHMS K048 A1 07/22/22 10/25/23 3.43% 74,596.60 73,850.63 2,129.97 75,980.60
30329MAA0 FRESB - 2022-SB103 A5F 10/28/22 10/25/23 4.79% 2,065.37 1,850.34 2,578.72 4,429.06
30329QAA1 FRESB - 2022-SB104 A5F 11/18/22 10/25/23 2.60% 4,873.97 4,449.15 8,595.38 13,044.53
3138L7D60 FHLM - AM6424 12/19/22 10/25/23 4.21% 2,494.42 2,414.91 2,831.94 5,246.85
30332EAA3 FRESB - 2023-SB107 A5F 07/20/23 10/25/23 4.09% 414.94 405.92 10,222.52 10,628.44
30333AAA0 FRESB 2023-SB108 A5F 08/17/23 10/25/23 4.99% 877.90 959.98 12,383.09 13,343.07
Supranational securities
4581X0CC0 Inter-Am Devel Bank 05/09/19 10/04/23 3.00% 2,000,000.00 2,000,000.00 30,000.00 2,030,000.00
4581X0CC0 Inter-Am Devel Bank 11/10/20 10/04/23 3.00% 3,000,000.00 3,000,000.00 45,000.00 3,045,000.00
U.S. Treasury
91282CAP6 US Treasury 02/10/22 10/16/23 0.13% 2,500,000.00 2,500,000.00 1,562.50 2,501,562.50
91282CDD0 US Treasury 11/12/21 10/31/23 0.38% 2,000,000.00 2,000,186.72 3,750.00 2,003,936.72
14,006,912.63 209,760.60 14,216,673.23
CUSIP Issuer Settled Maturity Yield Redeemed Par value Book value Total
Calls Total - - -
October 31, 2023
Calls
Maturities
No calls this quarter
Maturities Total
Dec. 12, 2023 Item #2 Page 8 of 22
City of Carlsbad investment portfolio
Maturities, calls and purchases this quarter
October 31, 2023
CUSIP Issuer Settled Maturity Yield First Coupon Par value Book value
Certificate of deposit
84287PJB9 Southern First Bank 10/17/23 10/17/28 4.85% 04/17/24 244,000.00 244,000.00
20347MAS0 Cmty Bank & Trust 10/20/23 10/20/27 4.90% 04/20/24 244,000.00 244,000.00
Corporate notes
592179KF1 Met Life Global 10/17/23 01/06/28 5.49% 01/06/24 1,000,000.00 983,540.00
Federal agency
3134H1BP7 Fed Home Loan Mtg 10/13/23 09/11/28 5.15% 03/11/24 1,000,000.00 995,750.00
3134H1GL1 Fed Home Loan Mtg 10/18/23 07/18/28 5.00% 01/18/24 2,500,000.00 2,493,750.00
Municipal bonds
68608VDX9 State of Oregon 10/13/23 05/01/27 5.08% 11/01/23 1,000,000.00 943,330.00
032556FB3 Anaheim CA HSG 10/17/23 10/01/27 5.09% 04/01/24 1,670,000.00 1,487,068.20
797272RP8 SD Cmty College 10/25/23 08/01/27 5.16% 02/01/24 2,290,000.00 2,016,551.10
016249FQ2 Alief Independent SD 10/30/23 02/15/27 5.38% 02/15/24 1,980,000.00 1,969,209.00
U.S. Treasury
91282CGA3 US Treasury 10/17/23 12/15/25 4.93% 12/15/23 2,000,000.00 1,962,187.50
Purchases total 13,928,000.00 13,339,385.80
Purchases
Dec. 12, 2023 Item #2 Page 9 of 22
City of Carlsbad investment portfolio
Fund equity in pooled investments
Exhibit 6
Cash balance by fund:
General 138,945,581
Special revenue 35,042,252
Capital projects:
Infrastructure replacement 120,811,699
Special districts 108,399,219
General capital construction 49,932,451
Public facilities fees 31,075,050
Traffic impact fees 21,999,267
Gas tax 20,322,028
Park development 17,043,989
Technology investment 15,079,221
TransNet taxes 7,441,819
Drainage fees 5,084,129
Capital project subtotal 397,188,872
Enterprise:
Carlsbad Municipal Water District 139,751,085
Sewer fund 45,123,376
Storm water 6,423,501
Solid waste 4,128,781
Golf course 6,320,585
Enterprise subtotal 201,747,328
Internal service 70,423,346
Fiduciary 4,445,370
Total general ledger balance **847,792,750
Reconciling adjustments (1)6,723,241
$854,515,991
**Figures based on best estimate at the time report run on 11/15/2023.
Total treasurer's investment portfolio at amortized cost
(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 a cash basis. Accrued interest, amortized premium or discounts and outstanding checks and
treasurer's summary. Differences between the time journal entries are posted and the time this deposits in transit are not included in the
report is produced may also be a component of the adjustment.
October 31, 2023
Dec. 12, 2023 Item #2 Page 10 of 22
City of Carlsbad investment portfolio
Security ratings and outlooks
Exhibit 7
Issuer Moody's S&P Fitch Outlook
Corporate notes
Amazon.com Inc A1 AA AA-Stable/Stable/Stable
Apple Inc AAA AA+Stable/Stable/
Bank of America A1 A- AA-Stable/ /Stable
Bank of Montreal A2 N/A AA-Stable
Bank of New York Mellon Corp A1 A AA-Neg/Stable/Stable
Blackrock Inc AA3 AA-Stable/Stable/
Citibank AA3 A+ A+Stable/Stable/Stable
CME Group Inc AA3 AA- AA-Stable/Stable/Stable
Colgate-Palmolive AA3 AA-Stable/Negative
Flordia Power and Light Co AA2 A+ AA-Stable/Stable/Stable
Johnson & Johnson AAA AAA Stable/Neg
JP Morgan Chase Bank A1 A- AA-Stable/Stable/Stable
MassMutual Global Funding AA3 AA+ AA+ /Stable/
Merck & Co A1 A+ Stable/Stable/
Met Life Global AA3 AA- AA- /Stable/
Microsoft AAA AAA Stable/Stable/
New York Life AAA AA+ AAA Stable
Nike Inc.A1 AA-Stable/Stable/
Novartis Capital Corp A1 AA- AA-Positive/Stable
Private Export Funding AAA N/A AA+Stable
Procter & Gamble AA3 AA-Stable/Stable/
Royal Bank of Canada A1 A AA-Stable/Stable/Stable
Seattle Children's Hospital AA2 N/A AA Stable
State Street Corporation A1 A AA-Neg/Stable/Stable
Toyota A1 A+ A+Stable/Stable/Stable
Visa Inc.AA3 AA-Stable/Stable/
Wal-Mart AA2 AA AA Stable/Stable/Stable
Mortgage passthrough securities
FHLMC AAA AA+Stable
FNMA AAA AAA Stable
FRESB AAA AA+Stable
Municipal Bonds
Ada/Canyon Cty SD AA1 AA+Stable
Amarillo Independent SD AAA AAA Stable
Bay Area Water & Utl AA3 AA-
Cache County SD AAA AAA1 AAA1 Stable
Contra Costa Cmty College AA1 AA+
City of San Francisco Util AA2 AA-Stable
County of Multnomah OR AAA AAA Stable
Ratings of corporate notes must be AA or better by one and A or better another of the three: Moody's, S&P, or Fitch.
Ratings of mortgage passthrough securities must be AA or better by one of the three: Moody's, S&P, or Fitch.
October 31, 2023
Dec. 12, 2023 Item #2 Page 11 of 22
City of Carlsbad investment portfolio
Security ratings and outlooks
Issuer Moody's S&P Fitch Outlook
October 31, 2023
Fremont CA Unified AA2 AA-Stable
Honolulu Wastewater AA3 N/A AA-Stable
Los Angeles Water & Power AA2 AA-Stable
LA Unified SD AA3 AA-Stable
Marion County SD AA1 AA+ AA+Stable
Mason/Kitsap Cty SD AAA AA+ AA+Stable
Minnesota State AAA AAA AAA Stable
Oregon State Dept of Transp AA1 AAA AA+Stable
Portland Cmty College AA1 AA+ AA+Stable
San Bernardino CCD AA1 AA Stable
San Diego Cmty College AA1 AAA Stable
San Jose Evergreen CC AA1 AA+Stable
Santa Barbara CA USD AA1 AA Stable
San Jose Redevelopment AA1 AA AA Stable
San Francisco City Pub Utl N/A AA-
San Ramon Valley USD AA1 AA+
Southern CA Public Power N/A AA- AA-Stable
State of California AA2 AA- AA Stable/positive/stable
State of Connecticut AA3 AA-
State of Hawaii AA2 AA+ AA Stable
Texas Tech University AA1 AA+Stable
University of California AA2 AA AA Stable
Corporate notes Moody's S&P Fitch Maturity date Purchased Book value
Merck & Co A1 A+03/07/24 10/08/19 1,507,952$
Toyota A1 A+ A+01/08/24 03/07/19 1,000,688$
2,508,640$
Investments with subsequent changes in credit rating *
* All investments were in compliance with the city's investment policy unless otherwise denoted.
The city's Investment Policy allows the city treasurer to determine the course of action that would correct exceptions to the policy. All
current exceptions 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 shoud be sold.
Ratings of municipal bonds must be AA or better by one and A or better another of the three: Moody's, S&P, or Fitch.
Dec. 12, 2023 Item #2 Page 12 of 22
City of Carlsbad investment portfolio
Portfolio allocation at amortized cost by issuer
Exhibit 8
Issuer Amortized cost Portfolio allocation
Corporate notes
3M Company (Meric)1,506,423$ 0.18%
Amazon.com Inc.4,531,627 0.53%
Apple Inc.1,532,852 0.18%
Bank of America 16,485,559 1.93%
Bank of Montreal 6,000,000 0.70%
Bank of New York Mellon 6,107,494 0.71%
Blackrock Inc.7,055,257 0.83%
BLC Community Bank (Bank of Montreal)2,450,000 0.29%
Citibank 7,026,035 0.82%
CME Group 2,851,320 0.33%
Colgate-Palmolive 1,958,636 0.23%
Florida Power & Light 3,757,966 0.44%
Johnson & Johnson 13,012,774 1.52%
JP Morgan Chase Bank 23,106,425 2.70%
Massmutual Global 3,768,770 0.44%
Merck 1,493,225 0.17%
Metlife 5,162,215 0.60%
Microsoft 4,162,139 0.49%
New York Life Global 3,350,405 0.39%
Nike Inc.2,941,189 0.34%
Novartis Capital Corp 3,328,503 0.39%
Procter & Gamble 6,912,895 0.81%
Private Export Funding Corp.2,509,205 0.29%
Royal Bank of Canada 6,995,168 0.82%
Seattle Children's Hospital 868,632 0.10%
State Street Corporation 2,001,761 0.23%
Toyota 1,000,688 0.12%
Visa Inc.1,304,897 0.15%
Wal-Mart 6,566,535 0.77%
Mortgage passthrough securities
FAMCA 3,616,868 0.42%
FHLMC 13,583,664 1.59%
FNMA 951,211 0.11%
FRESB 22,061,340 2.58%
Federal agencies
Federal Agricultural Mortgage Corp.23,146,812 2.71%
Federal Farm Credit Bank 93,496,565 10.94%
Federal Home Loan Bank 119,295,306 13.96%
Federal Home Loan Mortgage Corp.55,222,541 6.46%
Federal National Mortgage Assoc.33,412,659 3.91%
Tennessee Valley Authority 1,022,323 0.12%
October 31, 2023
Dec. 12, 2023 Item #2 Page 13 of 22
City of Carlsbad investment portfolio
Portfolio allocation at amortized cost by issuer
Issuer Amortized cost Portfolio allocation
October 31, 2023
Municipal Bonds
Ada/Canyon Cty SD 1,552,509 0.18%
Alief Independent SD 1,969,218 0.23%
Amarillo Independent SD 1,786,643 0.21%
Bay Area Water 1,189,429 0.14%
Cache County SD 3,302,200 0.39%
City of Anaheim 1,488,867 0.17%
City of San Francisco 1,001,215 0.12%
Contra Costa CC 913,361 0.11%
County of Multnomah 2,002,242 0.23%
Fremont CA SD 1,818,646 0.21%
Honolulu Wastewater 1,402,015 0.16%
LA Unified SD 3,710,366 0.43%
LA Dept of Water & Power 1,570,814 0.18%
Marion County SD 1,883,040 0.22%
Mason/Kitsap Cty SD 640,000 0.07%
Minnesota State 1,215,000 0.14%
Oregon State Dept of Admin Services 944,128 0.11%
Oregon State Dept of Transp 3,164,291 0.37%
Portland CC 1,101,638 0.13%
San Bernardino CC 1,355,014 0.16%
San Diego CC 5,133,722 0.60%
San Jose Evergreen CC 777,574 0.09%
San Jose Redevelpment 4,064,520 0.48%
San Ramon Valley SD 867,078 0.10%
Santa Barbara CA USD 506,665 0.06%
Southern CA Public Power 2,442,859 0.29%
State of California 13,220,861 1.55%
State of Connecticut 2,857,617 0.33%
State of Hawaii 7,963,892 0.93%
Texas Tech University 2,508,218 0.29%
University of California 6,264,226 0.73%
Other
Supranational 19,441,384 2.28%
US Treasury 71,452,554 8.36%
Certificate of deposits 21,510,061 2.52%
Cash 145,936,238 17.08%
Total portfolio amortized cost 854,515,991$ 100.00%
Policy:
Corporate notes, mortgage passthrough securities, municpal bonds, and supranational securities may have no more than 5% invested
with a single issuer.
Certificates of deposit may have no more than 10% invested with any single issuer.
Federal agencies, including U.S. Treasury do not have issuer limitations
Dec. 12, 2023 Item #2 Page 14 of 22
City of Carlsbad investment portfolio
Investment detail
Exhibit 9
CUSIP Settlement Maturity Issuer Par Invested Yield Interest expected Return
3133EKKU9 05/09/19 11/08/23 Federal Farm Credit Banks 2,000,000.00 2,001,700.00 2.280% 206,872.22 2,206,872.22
3134GXCA0 11/24/20 11/24/23 Federal Home Loan Mortgage Corp 2,500,000.00 2,500,000.00 0.320% 24,000.00 2,524,000.00
3133EMHL9 11/30/20 11/30/23 Federal Farm Credit Banks 3,000,000.00 3,000,000.00 0.310% 26,917.50 3,026,917.50
3137EAFA2 03/19/21 12/04/23 Federal Home Loan Mortgage Corp 2,000,000.00 1,998,100.00 0.250% 13,541.67 2,013,541.67
31331KZ78 06/28/19 12/05/23 Federal Farm Credit Banks 1,500,000.00 1,569,280.50 1.870% 196,963.33 1,696,963.33
3130A0F70 05/13/20 12/08/23 Federal Home Loan Banks 1,000,000.00 1,107,630.00 0.339% 120,468.75 1,120,468.75
3133EMJQ6 12/09/20 12/08/23 Federal Farm Credit Banks 2,500,000.00 2,500,000.00 0.280% 20,980.56 2,520,980.56
3133EDBU5 05/09/19 12/20/23 Federal Farm Credit Banks 1,000,000.00 1,052,900.00 3.500% 161,486.11 1,161,486.11
3130AQD26 12/29/21 12/29/23 Federal Home Loan Banks 2,000,000.00 2,000,000.00 0.720% 28,800.00 2,028,800.00
3133EKBW5 03/06/19 02/27/24 Federal Farm Credit Banks 1,500,000.00 1,498,950.00 2.610% 194,771.25 1,694,771.25
3133ELNJ9 02/28/20 02/28/24 Federal Farm Credit Banks 2,500,000.00 2,500,000.00 1.550% 155,000.00 2,655,000.00
3130APZV0 11/30/21 02/28/24 Federal Home Loan Banks 1,500,000.00 1,500,000.00 0.770% 25,922.80 1,525,922.80
3130A0XE5 03/08/19 03/08/24 Federal Home Loan Banks 3,000,000.00 3,100,851.00 2.530% 487,500.00 3,487,500.00
3133EKGD2 04/09/19 04/05/24 Federal Farm Credit Banks 2,000,000.00 1,994,380.00 2.360% 229,105.56 2,229,105.56
3133EMXB3 04/23/21 04/22/24 Federal Farm Credit Banks 2,000,000.00 2,000,000.00 0.340% 20,381.11 2,020,381.11
3134GWZT6 04/05/21 04/23/24 Federal Home Loan Mortgage Corp 1,000,000.00 997,570.00 0.400% 9,760.00 1,009,760.00
3130AGEF8 05/09/19 05/07/24 Federal Home Loan Banks 1,000,000.00 1,005,320.00 2.287% 119,866.67 1,119,866.67
3133EKNX0 08/28/19 06/03/24 Federal Farm Credit Banks 1,470,000.00 1,517,378.10 1.457% 151,263.00 1,621,263.00
3135GA5Y3 11/29/21 06/14/24 Federal National Mortgage Assoc 2,000,000.00 1,976,200.00 0.849% 19,062.50 2,019,062.50
3133EKEC6 08/28/19 06/25/24 Federal Farm Credit Banks 1,183,000.00 1,237,524.47 1.457% 139,845.39 1,322,845.39
3133ELQ56 03/21/22 07/02/24 Federal Farm Credit Banks 2,005,000.00 1,942,243.50 1.980% 26,063.33 2,031,063.33
3130AP7D1 12/10/21 07/19/24 Federal Home Loan Banks 2,000,000.00 1,978,000.00 0.878% 23,475.00 2,023,475.00
3133ELX66 07/24/20 07/22/24 Federal Farm Credit Banks 2,000,000.00 2,000,000.00 0.440% 35,151.11 2,035,151.11
3133EKWV4 08/08/19 07/26/24 Federal Farm Credit Banks 2,500,000.00 2,532,125.00 1.582% 229,708.33 2,729,708.33
3134GW4X1 10/29/20 07/29/24 Federal Home Loan Mortgage Corp 3,000,000.00 3,000,000.00 0.375% 42,187.50 3,042,187.50
3130AGWK7 11/10/20 08/15/24 Federal Home Loan Banks 4,000,000.00 4,191,800.00 1.500% 255,833.33 4,255,833.33
3133EKQA7 08/30/19 09/10/24 Federal Farm Credit Banks 2,500,000.00 2,572,420.00 1.480% 261,444.44 2,761,444.44
880591ER9 02/19/21 09/15/24 Tennessee Valley Authority 1,000,000.00 1,091,424.00 0.300% 102,701.39 1,102,701.39
3134GWVM5 10/22/20 09/30/24 Federal Home Loan Mortgage Corp 3,000,000.00 3,000,000.00 0.350% 41,358.33 3,041,358.33
3134GWVM5 11/06/20 09/30/24 Federal Home Loan Mortgage Corp 1,170,000.00 1,170,000.00 0.350% 15,970.50 1,185,970.50
3130ALRK2 03/30/21 09/30/24 Federal Home Loan Banks 1,500,000.00 1,500,000.00 0.520% 27,300.00 1,527,300.00
31422XMV1 10/04/21 10/04/24 Federal Agricultural Mortgage Corp 2,000,000.00 2,000,000.00 0.500% 30,000.00 2,030,000.00
3133EK3B0 11/25/20 10/16/24 Federal Farm Credit Banks 1,400,000.00 1,466,052.00 0.280% 81,725.00 1,481,725.00
31422BPG9 11/15/19 11/01/24 Federal Agricultural Mortgage Corp 2,000,000.00 1,999,720.00 1.793% 177,607.78 2,177,607.78
3133EC2D5 07/10/20 11/13/24 Federal Farm Credit Banks 1,621,000.00 1,751,360.82 0.390% 159,055.22 1,780,055.22
3135G06E8 11/18/20 11/18/24 Federal National Mortgage Assoc 2,000,000.00 2,000,000.00 0.420% 33,600.00 2,033,600.00
3130APVZ5 12/02/21 12/02/24 Federal Home Loan Banks 1,900,000.00 1,900,000.00 1.050% 59,850.00 1,959,850.00
3130AQ5L3 12/16/21 12/16/24 Federal Home Loan Banks 2,000,000.00 2,000,000.00 0.500% 70,000.00 2,070,000.00
3130AKLQ7 12/30/20 12/30/24 Federal Home Loan Banks 4,000,000.00 4,000,000.00 0.310% 49,600.00 4,049,600.00
3134GXYX6 07/07/22 12/30/24 Federal Home Loan Mortgage Corp 2,500,000.00 2,500,000.00 3.348% 207,746.53 2,707,746.53
3130AJSF7 05/27/21 01/08/25 Federal Home Loan Banks 2,000,000.00 2,000,000.00 0.648% 46,980.56 2,046,980.56
3130ASLP2 07/21/22 01/21/25 Federal Home Loan Banks 2,000,000.00 2,000,000.00 3.500% 175,000.00 2,175,000.00
3130AN7L8 07/28/21 01/28/25 Federal Home Loan Banks 1,750,000.00 1,750,000.00 0.520% 31,850.00 1,781,850.00
3133EMPV8 02/03/21 02/03/25 Federal Farm Credit Banks 2,000,000.00 2,000,000.00 0.320% 25,600.00 2,025,600.00
3134GWMN3 08/27/20 02/27/25 Federal Home Loan Mortgage Corp 2,500,000.00 2,500,000.00 0.520% 58,500.00 2,558,500.00
3130A4CH3 04/09/20 03/14/25 Federal Home Loan Banks 3,000,000.00 3,231,300.00 0.778% 351,302.08 3,351,302.08
3130A4CH3 02/18/21 03/14/25 Federal Home Loan Banks 1,500,000.00 1,620,240.00 0.389% 145,072.92 1,645,072.92
3134GWP26 06/07/21 03/28/25 Federal Home Loan Mortgage Corp 1,000,000.00 998,500.00 0.540% 19,041.67 1,019,041.67
3130AMRJ3 06/28/21 03/28/25 Federal Home Loan Banks 3,120,000.00 3,122,340.00 0.500% 70,200.00 3,190,200.00
3133EMWH1 04/21/21 04/21/25 Federal Farm Credit Banks 1,500,000.00 1,500,000.00 0.710% 42,600.00 1,542,600.00
3130APA39 09/30/22 04/21/25 Federal Home Loan Banks 1,055,000.00 963,215.00 4.287% 17,813.67 1,072,813.67
3135GAA43 12/23/20 04/23/25 Federal National Mortgage Assoc 3,000,000.00 3,000,000.00 0.500% 65,000.00 3,065,000.00
3134GWYW0 10/30/20 04/30/25 Federal Home Loan Mortgage Corp 2,000,000.00 2,000,000.00 0.500% 45,111.12 2,045,111.12
3133ELC28 06/03/20 05/27/25 Federal Farm Credit Banks 3,500,000.00 3,499,300.00 0.734% 127,324.17 3,627,324.17
3134GVB31 06/03/20 05/28/25 Federal Home Loan Mortgage Corp 2,000,000.00 2,000,000.00 0.750% 74,791.66 2,074,791.66
3135GA5S6 12/16/20 06/16/25 Federal National Mortgage Assoc 2,000,000.00 2,000,000.00 0.450% 40,500.00 2,040,500.00
3135G04Z3 01/11/21 06/17/25 Federal National Mortgage Assoc 3,000,000.00 3,014,640.00 0.389% 66,500.00 3,066,500.00
3135G04Z3 05/20/21 06/17/25 Federal National Mortgage Assoc 2,000,000.00 1,991,940.00 0.600% 40,750.00 2,040,750.00
October 31, 2023
Federal investments
Dec. 12, 2023 Item #2 Page 15 of 22
City of Carlsbad investment portfolio
Investment detail
CUSIP Settlement Maturity Issuer Par Invested Yield Interest expected Return
October 31, 2023
3136G4XZ1 07/01/20 06/30/25 Federal National Mortgage Assoc 2,500,000.00 2,500,000.00 0.740% 92,448.61 2,592,448.61
3133EMMP4 01/15/21 07/14/25 Federal Farm Credit Banks 2,225,000.00 2,218,325.00 0.457% 39,024.65 2,264,024.65
3137EAEU9 09/14/20 07/21/25 Federal Home Loan Mortgage Corp 1,500,000.00 1,499,625.00 0.380% 27,296.87 1,527,296.87
3133ELZ80 07/29/20 07/29/25 Federal Farm Credit Banks 3,000,000.00 3,000,000.00 0.580% 87,000.00 3,087,000.00
3133EMFC1 10/29/20 07/29/25 Federal Farm Credit Banks 3,000,000.00 3,000,000.00 0.530% 75,525.00 3,075,525.00
3134GWXM3 10/01/20 07/30/25 Federal Home Loan Mortgage Corp 2,000,000.00 2,000,000.00 0.510% 49,271.67 2,049,271.67
3133EL3P7 08/12/20 08/12/25 Federal Farm Credit Banks 3,500,000.00 3,500,000.00 0.530% 92,750.00 3,592,750.00
3136G4C43 08/14/20 08/14/25 Federal National Mortgage Assoc 2,000,000.00 2,000,000.00 0.650% 65,000.00 2,065,000.00
3136G4H71 11/06/20 08/18/25 Federal National Mortgage Assoc 2,000,000.00 1,999,000.00 0.500% 47,833.33 2,047,833.33
3136G4K77 08/21/20 08/21/25 Federal National Mortgage Assoc 2,000,000.00 2,000,000.00 0.450% 45,000.00 2,045,000.00
3136G4X24 08/31/20 08/29/25 Federal National Mortgage Assoc 3,000,000.00 3,000,000.00 0.600% 89,900.00 3,089,900.00
3137EAEX3 10/22/20 09/23/25 Federal Home Loan Mortgage Corp 4,000,000.00 3,989,280.00 0.430% 73,791.67 4,073,791.67
3137EAEX3 12/28/20 09/23/25 Federal Home Loan Mortgage Corp 3,000,000.00 2,996,460.00 0.400% 53,281.25 3,053,281.25
3133EMCP5 10/14/20 10/14/25 Federal Farm Credit Banks 1,500,000.00 1,500,000.00 0.520% 39,000.00 1,539,000.00
3132X0CK5 11/01/22 10/14/25 Federal Agricultural Mortgage Corp 1,650,000.00 1,645,264.50 2.153% 184,415.59 1,834,415.59
3134GWXX9 10/15/20 10/15/25 Federal Home Loan Mortgage Corp 3,000,000.00 3,000,000.00 0.550% 82,500.00 3,082,500.00
3135G06A6 12/11/20 10/20/25 Federal National Mortgage Assoc 2,410,000.00 2,408,795.00 0.590% 67,909.78 2,477,909.78
3133EMDZ2 12/09/20 10/21/25 Federal Farm Credit Banks 3,000,000.00 2,994,300.00 0.560% 75,920.00 3,075,920.00
3133EMFR8 11/03/20 11/03/25 Federal Farm Credit Banks 4,500,000.00 4,500,000.00 0.540% 121,500.00 4,621,500.00
3135G06G3 12/29/20 11/07/25 Federal National Mortgage Assoc 3,000,000.00 3,012,960.00 0.410% 72,833.34 3,072,833.34
3130ALFF6 03/10/21 12/10/25 Federal Home Loan Banks 1,750,000.00 1,750,000.00 0.650% 54,031.25 1,804,031.25
31422XAT9 03/02/21 12/15/25 Federal Agricultural Mortgage Corp 3,000,000.00 3,000,000.00 0.520% 74,663.33 3,074,663.33
3134GXFV1 12/17/20 12/17/25 Federal Home Loan Mortgage Corp 5,000,000.00 5,000,000.00 0.625% 156,250.00 5,156,250.00
3134GXHD9 03/24/21 12/23/25 Federal Home Loan Mortgage Corp 1,500,000.00 1,489,500.00 0.700% 49,845.83 1,549,845.83
3135G06Q1 12/30/20 12/30/25 Federal National Mortgage Assoc 2,500,000.00 2,504,125.00 0.474% 80,000.00 2,580,000.00
3130AKMZ6 01/14/21 01/14/26 Federal Home Loan Banks 4,000,000.00 4,000,000.00 0.510% 102,000.00 4,102,000.00
3130AKMZ6 01/14/21 01/14/26 Federal Home Loan Banks 1,750,000.00 1,747,375.00 0.540% 44,625.00 1,794,625.00
31422B6K1 01/25/21 01/15/26 Federal Agricultural Mortgage Corp 1,500,000.00 1,500,000.00 0.480% 35,800.00 1,535,800.00
3130AKN69 01/28/21 01/28/26 Federal Home Loan Banks 3,000,000.00 3,000,000.00 0.500% 75,000.00 3,075,000.00
3130AKRF5 02/09/21 02/09/26 Federal Home Loan Banks 2,050,000.00 2,050,000.00 0.350% 14,575.00 2,064,575.00
3130AKVR4 02/12/21 02/12/26 Federal Home Loan Banks 2,000,000.00 2,000,000.00 0.550% 55,000.00 2,055,000.00
3130AKVV5 02/18/21 02/18/26 Federal Home Loan Banks 4,000,000.00 4,000,000.00 0.500% 100,000.00 4,100,000.00
3133EMSH6 03/03/21 03/03/26 Federal Farm Credit Banks 674,000.00 674,000.00 0.790% 26,623.00 700,623.00
3133EMSU7 03/09/21 03/09/26 Federal Farm Credit Banks 3,500,000.00 3,500,000.00 0.800% 140,000.00 3,640,000.00
3130ALH56 03/18/21 03/18/26 Federal Home Loan Banks 3,000,000.00 2,997,000.00 0.750% 112,500.00 3,112,500.00
3130ALUQ5 03/30/21 03/30/26 Federal Home Loan Banks 1,500,000.00 1,500,000.00 0.300% 22,500.00 1,522,500.00
31422XCX8 04/20/21 04/20/26 Federal Agricultural Mortgage Corp 2,000,000.00 2,000,000.00 1.000% 100,000.00 2,100,000.00
3130ALVB7 04/21/21 04/21/26 Federal Home Loan Banks 2,000,000.00 1,998,500.00 0.915% 90,000.00 2,090,000.00
3130AM4L3 04/29/21 04/29/26 Federal Home Loan Banks 4,000,000.00 4,000,000.00 0.500% 100,000.00 4,100,000.00
31422XFP2 05/04/21 05/04/26 Federal Agricultural Mortgage Corp 2,500,000.00 2,500,000.00 0.950% 118,750.00 2,618,750.00
3130AMCL4 09/30/22 05/19/26 Federal Home Loan Banks 1,100,000.00 979,726.00 4.300% 40,797.17 1,140,797.17
3130AMHN5 05/26/21 05/26/26 Federal Home Loan Banks 2,500,000.00 2,500,000.00 0.500% 112,500.00 2,612,500.00
31422XGL0 05/27/21 05/27/26 Federal Agricultural Mortgage Corp 2,000,000.00 2,000,000.00 0.920% 92,000.00 2,092,000.00
3130AMQK1 06/16/21 06/16/26 Federal Home Loan Banks 2,000,000.00 2,000,000.00 0.500% 94,000.00 2,094,000.00
3130AMQK1 06/16/21 06/16/26 Federal Home Loan Banks 2,500,000.00 2,500,000.00 0.500% 117,500.00 2,617,500.00
3133EML67 06/22/21 06/22/26 Federal Farm Credit Banks 2,000,000.00 1,993,160.00 0.870% 80,000.00 2,080,000.00
3130AMTW2 06/30/21 06/30/26 Federal Home Loan Banks 4,500,000.00 4,500,000.00 0.500% 186,750.00 4,686,750.00
3130AMWN8 06/30/21 06/30/26 Federal Home Loan Banks 2,000,000.00 2,000,000.00 0.550% 88,000.00 2,088,000.00
3130ANCH1 07/27/21 07/27/26 Federal Home Loan Banks 2,500,000.00 2,500,000.00 1.000% 125,000.00 2,625,000.00
3130ANL57 08/25/21 08/25/26 Federal Home Loan Banks 3,500,000.00 3,494,750.00 0.906% 153,125.00 3,653,125.00
31422XLY6 09/01/21 09/01/26 Federal Agricultural Mortgage Corp 4,000,000.00 4,000,000.00 0.900% 180,000.00 4,180,000.00
3133EM3T7 09/07/21 09/01/26 Federal Farm Credit Banks 3,000,000.00 2,997,750.00 0.885% 130,065.00 3,130,065.00
31422XNB4 09/30/21 09/30/26 Federal Agricultural Mortgage Corp 2,500,000.00 2,500,000.00 0.860% 107,798.60 2,607,798.60
3133ENAF7 12/27/21 10/07/26 Federal Farm Credit Banks 2,500,000.00 2,469,000.00 1.268% 119,444.44 2,619,444.44
3133ENT26 10/19/22 10/19/26 Federal Farm Credit Banks 3,000,000.00 3,000,000.00 5.300% 636,000.00 3,636,000.00
3134GW6C5 02/15/22 10/28/26 Federal Home Loan Mortgage Corp 4,500,000.00 4,266,900.00 1.958% 169,300.00 4,669,300.00
3130APJZ9 02/25/22 10/28/26 Federal Home Loan Banks 3,500,000.00 3,378,200.00 1.979% 210,000.00 3,710,000.00
3133ENFP0 12/09/21 11/30/26 Federal Farm Credit Banks 2,950,000.00 2,952,950.00 1.408% 167,958.25 3,117,958.25
3130AQF65 01/14/22 12/21/26 Federal Home Loan Banks 1,550,000.00 1,532,857.00 1.483% 95,637.15 1,645,637.15
Dec. 12, 2023 Item #2 Page 16 of 22
City of Carlsbad investment portfolio
Investment detail
CUSIP Settlement Maturity Issuer Par Invested Yield Interest expected Return
October 31, 2023
3130AQMX8 02/07/22 01/26/27 Federal Home Loan Banks 1,250,000.00 1,245,000.00 1.331% 112,070.31 1,362,070.31
3130AQLD3 03/29/22 01/28/27 Federal Home Loan Banks 2,500,000.00 2,384,750.00 2.776% 211,336.81 2,711,336.81
3130ARAB7 06/24/22 03/25/27 Federal Home Loan Banks 2,000,000.00 1,941,720.00 3.420% 260,791.67 2,260,791.67
3130ARL58 06/10/22 04/26/27 Federal Home Loan Banks 4,000,000.00 3,982,764.44 3.198% 589,235.56 4,589,235.56
3133EPJP1 05/12/23 05/12/27 Federal Farm Credit Banks 2,000,000.00 1,999,260.00 3.620% 290,000.00 2,290,000.00
3130ASCT4 06/28/22 06/28/27 Federal Home Loan Banks 2,500,000.00 2,500,000.00 3.250% 406,250.00 2,906,250.00
3130ASF46 06/30/22 06/30/27 Federal Home Loan Banks 2,500,000.00 2,500,000.00 3.500% 437,500.00 2,937,500.00
3130ASLA5 09/13/23 07/26/27 Federal Home Loan Banks 1,915,000.00 1,891,497.21 4.850% 344,700.00 2,259,700.00
3133ENL99 09/30/22 09/15/27 Federal Farm Credit Banks 2,500,000.00 2,432,200.00 3.983% 418,359.37 2,918,359.37
3133EPXB6 09/28/23 09/28/27 Federal Farm Credit Banks 2,000,000.00 1,993,860.00 4.625% 370,000.00 2,370,000.00
3130AW6F2 05/22/23 11/22/27 Federal Home Loan Banks 1,500,000.00 1,500,000.00 5.000% 337,500.00 1,837,500.00
3133EN3S7 12/07/22 12/07/27 Federal Farm Credit Banks 3,000,000.00 2,995,920.00 3.780% 562,500.00 3,562,500.00
3130AUQA5 02/02/23 02/02/28 Federal Home Loan Banks 2,500,000.00 2,500,000.00 4.050% 506,250.00 3,006,250.00
3130AUW59 03/08/23 02/17/28 Federal Home Loan Banks 1,500,000.00 1,480,500.00 4.240% 318,000.00 1,818,000.00
3133EPDC6 03/13/23 03/13/28 Federal Farm Credit Banks 1,000,000.00 1,000,000.00 5.350% 267,500.00 1,267,500.00
3130AVCS9 03/29/23 03/29/28 Federal Home Loan Banks 1,000,000.00 1,000,000.00 6.000% 300,000.00 1,300,000.00
3133EPFU4 04/12/23 04/12/28 Federal Farm Credit Banks 2,500,000.00 2,496,600.00 3.530% 437,500.00 2,937,500.00
3130AVK50 04/24/23 04/24/28 Federal Home Loan Banks 1,500,000.00 1,500,000.00 5.000% 375,000.00 1,875,000.00
3130AVZQ8 04/12/23 05/17/28 Federal Home Loan Banks 1,880,000.00 1,871,070.00 5.150% 460,600.00 2,340,600.00
3133EPMA0 06/09/23 06/09/28 Federal Farm Credit Banks 1,500,000.00 1,500,000.00 4.690% 351,750.00 1,851,750.00
3134H1GL1 10/18/23 07/18/28 Federal Home Loan Mortgage Corp 2,500,000.00 2,493,750.00 5.002% 593,750.00 3,093,750.00
3134GYXX5 09/12/23 07/26/28 Federal Home Loan Mortgage Corp 1,750,000.00 1,747,375.00 5.650% 494,375.00 2,244,375.00
3133EPTA3 09/07/23 08/14/28 Federal Farm Credit Banks 1,000,000.00 1,000,000.00 5.108% 255,500.00 1,255,500.00
3134H1BP7 10/13/23 09/11/28 Federal Home Loan Mortgage Corp 1,000,000.00 995,750.00 5.148% 252,500.00 1,252,500.00
3134H1BP7 09/11/23 09/11/28 Federal Home Loan Mortgage Corp 3,000,000.00 2,974,500.00 5.245% 757,500.00 3,757,500.00
Total federal investments 326,078,000.00$ 326,310,723.54$ 1.409% 21,377,533.56$ 347,455,533.56$
CUSIP Settlement Maturity Issuer Par Invested Yield Interest expected Return
459056HV2 08/29/19 08/28/24 International Bank for Recon & Devel 2,000,000.00 2,006,920.00 1.428% 149,916.67 2,149,916.67
45818WCW4 11/03/21 10/15/24 Inter-American Development Bank 1,440,000.00 1,419,552.00 0.828% 14,443.20 1,454,443.20
45950KCR9 02/04/21 10/16/24 International Finance Corporation 2,000,000.00 2,079,800.00 0.290% 101,750.00 2,101,750.00
45905U6L3 01/14/21 11/20/25 International Bank for Recon & Devel 2,000,000.00 2,250,220.00 0.510% 303,125.00 2,303,125.00
45950VPJ9 01/25/21 01/15/26 International Finance Corporation 2,000,000.00 2,007,840.00 0.500% 57,677.78 2,057,677.78
4581X0DV7 04/23/21 04/20/26 Inter-American Development Bank 3,000,000.00 3,000,720.00 0.870% 131,031.25 3,131,031.25
45950VPY6 05/28/21 05/15/26 International Finance Corporation 2,000,000.00 2,000,000.00 0.500% 49,638.89 2,049,638.89
45906M4E8 07/31/23 06/26/28 International Bank for Recon & Devel 1,250,000.00 1,240,000.00 4.684% 281,250.00 1,531,250.00
45906M4E8 09/07/23 06/26/28 International Bank for Recon & Devel 1,700,000.00 1,686,400.00 4.500% 382,500.00 2,082,500.00
459058KW2 09/28/23 08/01/28 International Bank for Recon & Devel 2,000,000.00 1,991,960.00 4.720% 448,368.06 2,448,368.06
Total supranationals 19,390,000.00$ 19,683,412.00$ 1.687% 1,919,700.85$ 21,309,700.85$
CUSIP Settlement Maturity Issuer Par Invested Yield Interest expected Return
91282CDM0 01/14/22 11/30/23 US Treasury 2,000,000.00 1,987,343.75 0.841% 18,763.74 2,018,763.74
91282CBE0 11/15/21 01/15/24 US Treasury 1,500,000.00 1,485,825.00 0.126% 4,060.80 1,504,060.80
91282CBE0 12/13/21 01/15/24 US Treasury 2,000,000.00 1,976,920.00 0.682% 5,224.18 2,005,224.18
91282CDV0 06/13/22 01/31/24 US Treasury 2,000,000.00 1,942,288.94 2.900% 28,570.44 2,028,570.44
91282CBM2 06/25/21 02/15/24 US Treasury 2,500,000.00 2,484,765.63 0.357% 8,252.76 2,508,252.76
9128286G0 11/15/21 02/29/24 US Treasury 2,500,000.00 2,600,183.50 2.283% 135,972.03 2,635,972.03
91282CEG2 06/13/22 03/31/24 US Treasury 2,000,000.00 1,984,020.24 2.970% 80,901.64 2,080,901.64
91282CBV2 12/07/21 04/15/24 US Treasury 2,000,000.00 1,985,937.50 0.677% 17,657.97 2,017,657.97
9128286R6 03/17/22 04/30/24 US Treasury 2,000,000.00 2,011,875.00 1.961% 94,972.38 2,094,972.38
91282CCC3 12/07/21 05/15/24 US Treasury 2,000,000.00 1,978,437.50 0.697% 12,196.13 2,012,196.13
912828WJ5 10/21/22 05/15/24 US Treasury 1,750,000.00 1,694,057.40 2.500% 68,597.15 1,818,597.15
9128286Z8 03/01/21 06/30/24 US Treasury 2,500,000.00 2,614,215.00 0.370% 145,873.62 2,645,873.62
91282CCL3 10/21/22 07/15/24 US Treasury 3,000,000.00 2,789,648.44 4.302% 19,504.08 3,019,504.08
912828YH7 01/14/21 09/30/24 US Treasury 2,000,000.00 2,088,448.94 1.500% 111,263.74 2,111,263.74
Supranationals
US Treasury
Dec. 12, 2023 Item #2 Page 17 of 22
City of Carlsbad investment portfolio
Investment detail
CUSIP Settlement Maturity Issuer Par Invested Yield Interest expected Return
October 31, 2023
9128282Y5 10/21/22 09/30/24 US Treasury 2,000,000.00 1,912,187.50 4.511% 82,548.08 2,082,548.08
912828YV6 06/07/21 11/30/24 US Treasury 2,000,000.00 2,073,437.50 0.436% 104,426.23 2,104,426.23
91282CDS7 10/21/22 01/15/25 US Treasury 4,000,000.00 3,712,187.50 4.548% 100,516.30 4,100,516.30
912828ZC7 07/15/21 02/28/25 US Treasury 2,000,000.00 2,040,312.50 0.563% 81,623.64 2,081,623.64
912828ZL7 02/19/21 04/30/25 US Treasury 2,000,000.00 1,997,920.00 0.400% 31,450.28 2,031,450.28
912828ZT0 02/19/21 05/31/25 US Treasury 2,000,000.00 1,987,280.00 0.400% 21,387.36 2,021,387.36
91282CEU1 10/21/22 06/15/25 US Treasury 3,000,000.00 2,877,180.00 4.530% 228,586.07 3,228,586.07
91282CAM3 01/11/21 09/30/25 US Treasury 2,500,000.00 2,481,332.50 0.250% 29,481.46 2,529,481.46
91282CAZ4 01/11/21 11/30/25 US Treasury 2,500,000.00 2,493,350.00 0.375% 45,793.27 2,545,793.27
91282CGA3 10/17/23 12/15/25 US Treasury 2,000,000.00 1,962,187.50 4.930% 199,992.72 2,199,992.72
91282CBQ3 03/01/21 02/28/26 US Treasury 3,000,000.00 2,964,726.56 0.740% 74,959.24 3,074,959.24
91282CBQ3 03/02/21 02/28/26 US Treasury 2,000,000.00 1,975,513.02 0.750% 49,945.65 2,049,945.65
912828U24 12/27/21 11/15/26 US Treasury 2,500,000.00 2,594,531.25 1.200% 244,198.90 2,744,198.90
91282CDK4 01/14/22 11/30/26 US Treasury 1,500,000.00 1,485,000.00 1.463% 91,432.01 1,591,432.01
912828Z78 05/08/23 01/31/27 US Treasury 1,500,000.00 1,485,855.00 3.500% 83,970.99 1,583,970.99
91282CFB2 04/21/23 07/31/27 US Treasury 2,500,000.00 2,400,000.00 3.770% 294,181.63 2,794,181.63
91282CFU0 09/08/23 10/31/27 US Treasury 1,500,000.00 1,479,375.00 4.491% 278,437.50 1,778,437.50
91282CGC9 01/25/23 12/31/27 US Treasury 500,000.00 508,167.05 3.570% 96,393.30 596,393.30
91282CGC9 01/31/23 12/31/27 US Treasury 750,000.00 760,105.97 3.647% 144,108.25 894,108.25
91282CGC9 09/08/23 12/31/27 US Treasury 1,500,000.00 1,465,195.31 4.472% 261,562.50 1,761,562.50
9128284N7 07/17/23 05/15/28 US Treasury 1,000,000.00 953,056.40 3.952% 143,750.00 1,143,750.00
Total US Treasury 72,000,000.00$ 71,232,867.40$ 2.060% 3,440,556.04$ 75,440,556.04$
CUSIP Settlement Maturity Issuer Par Invested Yield Interest expected Return
857477AM5 12/23/19 11/20/23 State Street Corporation 2,000,000.00 2,130,440.00 1.958% 289,216.67 2,289,216.67
478160BH6 01/28/19 12/05/23 Johnson & Johnson 1,500,000.00 1,541,250.00 2.765% 245,671.87 1,745,671.87
89236TFS9 03/07/19 01/08/24 Toyota 1,000,000.00 1,017,865.00 2.950% 162,009.72 1,162,009.72
17325FAS7 05/16/19 01/23/24 Citibank 1,000,000.00 1,034,870.00 2.836% 171,043.06 1,171,043.06
17325FAS7 02/13/20 01/23/24 Citibank 2,500,000.00 2,674,670.00 1.770% 359,930.56 2,859,930.56
17325FAS7 02/13/20 01/23/24 Citibank 2,000,000.00 2,142,600.00 1.733% 287,944.44 2,287,944.44
17325FAS7 02/20/20 01/23/24 Citibank 1,500,000.00 1,603,710.00 1.780% 214,893.75 1,714,893.75
46625HJT8 10/11/19 02/01/24 JP Morgan Chase Bank 1,765,000.00 1,900,834.40 2.000% 294,473.10 2,059,473.10
06048WL40 01/24/22 02/26/24 Bank of America 3,000,000.00 2,945,610.00 1.300% 26,300.00 3,026,300.00
58933YAU9 10/08/19 03/07/24 Merck 1,500,000.00 1,581,000.00 1.604% 188,379.17 1,688,379.17
09247XAL5 08/29/19 03/18/24 Blackrock Inc.2,000,000.00 2,162,500.00 1.640% 318,694.44 2,318,694.44
09247XAL5 10/28/19 03/18/24 Blackrock Inc.1,000,000.00 1,071,360.00 1.801% 153,611.11 1,153,611.11
09247XAL5 11/14/19 03/18/24 Blackrock Inc.1,000,000.00 1,065,420.00 1.923% 152,055.56 1,152,055.56
09247XAL5 05/14/20 03/18/24 Blackrock Inc.3,000,000.00 3,300,600.00 0.845% 403,666.67 3,403,666.67
931142DP5 04/24/20 04/22/24 Wal-Mart 2,500,000.00 2,737,467.50 0.875% 329,541.67 2,829,541.67
931142DP5 04/24/20 04/22/24 Wal-Mart 2,000,000.00 2,191,860.00 0.700% 263,633.33 2,263,633.33
48133DE55 04/29/22 04/29/24 JP Morgan Chase Bank 1,500,000.00 1,500,000.00 3.125% 93,750.00 1,593,750.00
46625HJX9 07/31/19 05/13/24 JP Morgan Chase Bank 2,000,000.00 2,119,320.00 2.300% 346,791.67 2,346,791.67
46625HJX9 07/13/20 05/13/24 JP Morgan Chase Bank 3,000,000.00 3,331,290.00 0.700% 416,875.00 3,416,875.00
46625HJX9 12/13/21 05/13/24 JP Morgan Chase Bank 1,750,000.00 1,859,392.50 1.000% 153,307.29 1,903,307.29
06406HCV9 07/01/20 05/15/24 Bank of NY Mellon 3,000,000.00 3,316,860.00 0.560% 392,416.67 3,392,416.67
06048WQ60 12/03/21 06/03/24 Bank of America 2,500,000.00 2,500,000.00 1.000% 62,500.00 2,562,500.00
742651DP4 06/27/19 07/15/24 Private Export Funding 2,500,000.00 2,565,850.00 1.900% 309,142.36 2,809,142.36
023135AZ9 08/22/19 08/22/24 Amazon.com Inc 2,000,000.00 2,087,280.00 2.800% 279,377.78 2,279,377.78
023135AZ9 10/17/19 08/22/24 Amazon.com Inc 2,500,000.00 2,604,850.00 1.860% 339,305.56 2,839,305.56
06406RAL1 02/18/20 10/24/24 Bank of NY Mellon 3,055,000.00 3,093,737.40 1.816% 300,459.25 3,355,459.25
06368G3W5 11/15/21 11/15/24 BMO Bank 2,000,000.00 2,000,000.00 1.000% 60,000.00 2,060,000.00
931142DV2 01/16/20 12/15/24 Wal-Mart 2,000,000.00 2,067,790.00 1.900% 260,436.11 2,260,436.11
478160CJ1 01/15/20 01/15/25 Johnson & Johnson 1,820,000.00 1,882,380.50 1.586% 238,875.00 2,058,875.00
478160CJ1 04/08/20 01/15/25 Johnson & Johnson 3,000,000.00 3,231,960.00 0.906% 375,593.75 3,375,593.75
478160CJ1 07/13/20 01/15/25 Johnson & Johnson 1,000,000.00 1,090,640.00 0.510% 118,270.83 1,118,270.83
037833AZ3 09/10/21 02/09/25 Apple Inc 1,500,000.00 1,588,155.00 0.753% 128,020.83 1,628,020.83
66989HAP3 04/13/20 02/14/25 Novartis Capital Corp 3,310,000.00 3,379,576.20 1.300% 280,131.74 3,590,131.74
Corporate notes
Dec. 12, 2023 Item #2 Page 18 of 22
City of Carlsbad investment portfolio
Investment detail
CUSIP Settlement Maturity Issuer Par Invested Yield Interest expected Return
October 31, 2023
12572QAG0 06/03/20 03/15/25 CME Group Inc 2,771,000.00 3,050,981.84 0.730% 397,638.50 3,168,638.50
654106AH6 12/31/20 03/27/25 Nike Inc.2,867,000.00 3,090,740.68 0.500% 291,669.47 3,158,669.47
341081FZ53 05/13/20 04/01/25 Flordia Power & Light 3,667,000.00 3,980,565.17 1.020% 509,193.51 4,176,193.51
78015K7H17 12/07/21 06/10/25 Royal Bank of Canada 2,000,000.00 1,989,460.00 1.304% 80,691.67 2,080,691.67
478160CN2 04/23/21 09/01/25 Johnson & Johnson 1,250,000.00 1,241,700.00 0.705% 29,944.44 1,279,944.44
742718FL8 09/20/21 10/29/25 Procter & Gamble 1,500,000.00 1,487,460.00 0.757% 33,893.75 1,533,893.75
92826CAD4 05/17/21 12/14/25 Visa Inc 1,250,000.00 1,368,500.00 0.910% 180,140.62 1,430,140.62
06048WK82 08/23/21 01/26/26 Bank of America 1,000,000.00 989,470.00 1.000% 33,550.00 1,033,550.00
58933YAY1 04/12/21 02/24/26 Merck 1,500,000.00 1,485,750.00 0.950% 54,750.00 1,554,750.00
48128G2Q2 03/01/21 02/26/26 JP Morgan Chase Bank 2,000,000.00 2,000,000.00 0.800% 80,000.00 2,080,000.00
478160BY9 03/01/21 03/01/26 Johnson & Johnson 2,500,000.00 2,697,950.00 0.750% 306,250.00 2,806,250.00
48128G3A6 03/03/21 03/03/26 JP Morgan Chase Bank 2,000,000.00 2,000,000.00 1.000% 100,000.00 2,100,000.00
48128G3V0 06/11/21 06/11/26 JP Morgan Chase Bank 2,000,000.00 2,000,000.00 1.150% 115,000.00 2,115,000.00
06048WM64 07/12/21 06/25/26 Bank of America 3,000,000.00 2,998,500.00 1.210% 178,300.00 3,178,300.00
57629WDE7 07/22/21 07/16/26 Massmtual Global 3,750,000.00 3,784,537.50 1.010% 224,250.00 3,974,250.00
594918BR4 08/11/21 08/08/26 Microsoft 4,000,000.00 4,292,240.00 0.900% 293,040.00 4,293,040.00
48128G5A4 08/25/21 08/25/26 JP Morgan Chase Bank 2,000,000.00 2,000,000.00 1.200% 120,000.00 2,120,000.00
06048WN63 09/10/21 09/10/26 Bank of America 2,000,000.00 2,000,000.00 1.150% 115,000.00 2,115,000.00
06048WP20 09/24/21 09/24/26 Bank of America 2,000,000.00 2,000,000.00 1.250% 125,000.00 2,125,000.00
59217GBY4 01/19/22 12/18/26 Met Life Global 4,000,000.00 4,281,720.00 1.940% 678,116.67 4,678,116.67
06368GC39 12/30/21 12/30/26 BMO Bank 2,450,000.00 2,450,000.00 2.000% 245,000.00 2,695,000.00
742718FV6 02/04/22 02/01/27 Procter & Gamble 2,000,000.00 2,010,459.28 1.331% 189,683.33 2,189,683.33
742718FV6 05/11/23 02/01/27 Procter & Gamble 1,000,000.00 935,367.00 3.620% 76,000.00 1,076,000.00
48128G6F2 02/25/22 02/25/27 JP Morgan Chase Bank 5,000,000.00 5,000,000.00 2.550% 197,283.33 5,197,283.33
478160CE2 04/18/22 03/03/27 Johnson & Johnson 1,750,000.00 1,757,538.77 2.850% 251,671.87 2,001,671.87
742718FG9 07/08/22 03/25/27 Procter & Gamble 2,500,000.00 2,456,475.00 3.200% 329,972.22 2,829,972.22
64952WEQ2 06/23/23 04/07/27 New York Life Global 1,500,000.00 1,428,750.00 4.630% 195,000.00 1,695,000.00
64952WEQ2 07/18/23 04/07/27 New York Life Global 2,000,000.00 1,908,020.00 4.610% 260,000.00 2,260,000.00
06048WW63 06/23/22 06/22/27 Bank of America 3,000,000.00 3,000,000.00 5.000% 750,000.00 3,750,000.00
194162AN3 05/09/23 08/15/27 Colgate-Palmolive 2,000,000.00 1,997,600.00 3.694% 223,408.33 2,223,408.33
81257VAA9 03/10/23 10/01/27 Seattle Children Hosp 1,000,000.00 852,445.33 5.000% 222,581.34 1,222,581.34
78014RHK9 10/18/22 10/18/27 Royal Bank of Canada 2,500,000.00 2,500,000.00 5.700% 712,500.00 3,212,500.00
06374VBX3 11/15/22 11/15/27 BMO Bank 4,000,000.00 4,000,000.00 6.250% 1,250,000.00 5,250,000.00
592179KF1 10/17/23 01/06/28 Met Life Global 1,000,000.00 983,540.00 5.050% 227,250.00 1,227,250.00
78014RKF6 01/18/23 01/18/28 Royal Bank of Canada 2,500,000.00 2,500,000.00 5.450% 691,090.22 3,191,090.22
Total corporate notes 148,955,000.00$ 153,840,909.07$ 1.915% 17,784,188.23$ 166,739,188.23$
CUSIP Settlement Maturity Issuer Par Invested Yield Interest expected Return
06251AV31 11/14/18 11/14/23 Bank Hapoalim Bm 245,000.00 245,000.00 3.500% 42,875.00 287,875.00
61760ARV3 11/15/18 11/15/23 Morgan Stanley Pvt Bank 245,000.00 245,000.00 3.550% 43,487.50 288,487.50
856283G59 11/29/18 11/29/23 State Bank Of India 245,000.00 245,000.00 3.600% 44,100.00 289,100.00
29367RKT2 05/16/19 05/16/24 Enterprise Bank 246,000.00 246,000.00 2.600% 31,980.00 277,980.00
27002YEN2 05/24/19 05/24/24 Eagle Bank 249,000.00 249,000.00 2.500% 31,125.00 280,125.00
336460CQ1 06/28/19 06/28/24 First State Bank Dequeen 249,000.00 249,000.00 2.300% 28,635.00 277,635.00
14042RMN8 07/31/19 07/31/24 Capital One 247,000.00 247,000.00 2.250% 27,787.50 274,787.50
938828BM1 08/30/19 08/30/24 Washington Federal 249,000.00 249,000.00 2.000% 24,900.00 273,900.00
29278TLH1 09/13/19 09/13/24 Enerbank Usa 249,000.00 249,000.00 1.750% 21,787.50 270,787.50
15118RSC2 09/18/19 09/30/24 Celtic Bank 249,000.00 249,000.00 1.700% 20,956.25 269,956.25
75472RAN1 11/26/19 11/26/24 Raymond James Bank NA 247,000.00 247,000.00 1.850% 22,872.54 269,872.54
61690URM4 01/09/20 01/09/25 Morgan Stanley Bank NA 247,000.00 247,000.00 1.900% 23,490.72 270,490.72
07815AAZ0 02/27/20 02/27/25 Bell Bank Corp 249,000.00 249,000.00 1.600% 19,941.88 268,941.88
17037TEN3 03/13/20 03/13/25 Choice Financial Group 248,000.00 248,000.00 1.100% 13,647.47 261,647.47
02554BDA6 03/13/20 03/13/25 American Eagle bank 249,000.00 249,000.00 1.100% 13,702.54 262,702.54
73319FAF6 03/18/20 03/18/25 Poppy Bank 249,000.00 249,000.00 1.100% 13,702.54 262,702.54
835104BZ2 03/19/20 03/19/25 Somerset Trust 249,000.00 249,000.00 1.000% 12,456.88 261,456.88
45083ANS7 03/20/20 03/20/25 Iberia Bank 248,000.00 248,000.00 1.000% 12,406.79 260,406.79
072727BF6 03/27/20 03/27/25 Baycoast Bank 248,000.00 248,000.00 0.950% 11,786.45 259,786.45
Certificate of deposit
Dec. 12, 2023 Item #2 Page 19 of 22
City of Carlsbad investment portfolio
Investment detail
CUSIP Settlement Maturity Issuer Par Invested Yield Interest expected Return
October 31, 2023
02519TAZ9 03/27/20 03/27/25 American Commerce Bank 249,000.00 249,000.00 0.950% 11,834.03 260,834.03
14042TDD6 04/08/20 04/08/25 Capital One 248,000.00 248,000.00 1.600% 19,850.88 267,850.88
33847E3H8 05/15/20 05/15/25 Flagstar Bank 248,000.00 248,000.00 0.850% 10,545.77 258,545.77
29260MBF1 05/15/20 05/15/25 Encore Bank 249,000.00 249,000.00 0.800% 9,965.41 258,965.41
404730CR2 05/26/20 05/27/25 Haddon Savings Bank 248,000.00 248,000.00 0.750% 9,310.19 257,310.19
43719LAE5 05/29/20 05/29/25 Home Loan Inv Bank 249,000.00 249,000.00 0.800% 9,965.41 258,965.41
69506YRT8 05/29/20 05/29/25 Pacific Western Bank 249,000.00 249,000.00 0.700% 8,719.77 257,719.77
56102AAJ5 05/29/20 05/29/25 Malaga Bank 249,000.00 249,000.00 0.700% 8,719.87 257,719.87
86128QCF3 06/10/20 06/10/25 Stockman Bank 249,000.00 249,000.00 0.600% 7,474.10 256,474.10
740367MA2 07/17/20 07/17/25 Preferred Bank 249,000.00 249,000.00 0.500% 6,228.46 255,228.46
89235MJZ5 07/16/20 07/28/25 Toyota Financial Savings Bank 249,000.00 249,000.00 0.650% 8,096.93 257,096.93
211163KQ2 07/29/20 07/29/25 Continental Bank 249,000.00 249,000.00 0.500% 6,228.46 255,228.46
02007GXF5 08/09/22 08/04/25 Ally Bank 201,000.00 201,000.00 3.400% 20,427.10 221,427.10
549104RV1 08/14/20 08/14/25 Luana Savings Bank 249,000.00 249,000.00 0.450% 5,605.57 254,605.57
32022RNT0 08/19/20 08/19/25 1st Financial Bank 249,000.00 249,000.00 0.450% 5,605.82 254,605.82
31944MBB0 08/20/20 08/20/25 1st Carolina Bank 249,000.00 249,000.00 0.450% 5,605.82 254,605.82
664122AF5 08/20/20 08/20/25 Northeast Community Bank 249,000.00 249,000.00 0.450% 5,605.82 254,605.82
228212AQ9 09/04/20 09/04/25 Crown Bank 249,000.00 249,000.00 0.400% 4,982.62 253,982.62
59013KKJ4 09/15/20 09/15/25 Merrick 249,000.00 249,000.00 0.400% 4,982.62 253,982.62
2027506P5 10/22/20 09/25/25 Commonwealth Bus Bank 249,000.00 249,000.00 0.400% 4,908.94 253,908.94
51507LBY9 09/29/20 09/29/25 Landmark Community 249,000.00 249,000.00 0.400% 4,982.58 253,982.58
538036LQ5 10/22/20 10/08/25 Live Oak Bank 249,000.00 249,000.00 0.400% 4,944.42 253,944.42
560390AS5 10/15/20 10/15/25 Maine Comm Bank 249,000.00 249,000.00 0.350% 4,359.94 253,359.94
33625CDS5 10/16/20 10/16/25 First Security Bank Wash 249,000.00 249,000.00 0.350% 4,359.94 253,359.94
780684AJ5 11/06/20 10/23/25 Royal Savings Bank 249,000.00 249,000.00 0.400% 4,944.42 253,944.42
33744AAW9 11/18/20 11/18/25 First US Bank 249,000.00 249,000.00 0.400% 4,982.62 253,982.62
88413QCU0 12/18/20 12/18/25 Third Federal Savings and Loan 249,000.00 249,000.00 0.450% 5,605.56 254,605.56
91330ACR6 12/18/20 12/18/25 Unity Bank 249,000.00 248,377.50 0.400% 4,982.72 253,982.72
08016PDV8 12/23/20 12/23/25 Belmont Savings Bank 249,000.00 248,377.50 0.400% 4,982.62 253,982.62
634116CW5 12/28/20 12/23/25 National Bank of NY City 249,000.00 248,688.75 0.400% 4,968.98 253,968.98
882214AA7 01/08/21 12/23/25 Texas Bank Henderson 249,000.00 249,000.00 0.450% 5,556.70 254,556.70
06424KBH2 01/08/21 01/08/26 Bank of Santa Clarita 249,000.00 248,688.75 0.400% 4,982.62 253,982.62
38522ABP0 01/08/21 01/08/26 Grand Bank Tulsa 249,000.00 248,688.75 0.400% 4,982.62 253,982.62
20143PEH9 01/26/21 01/26/26 Commercial Bank 249,000.00 248,751.00 0.471% 5,605.82 254,605.82
15258RAV9 01/27/21 01/27/26 Central Bank Storm Lake 249,000.00 248,751.00 0.471% 5,605.82 254,605.82
43786UAJ2 02/18/21 01/29/26 Hometown Bk of Alabama 249,000.00 249,000.00 0.400% 4,928.04 253,928.04
909242AN9 02/26/21 02/26/26 United Rep Bk Omaha 249,000.00 249,000.00 0.400% 4,982.61 253,982.61
12527CDV1 03/03/21 03/03/26 CFG Community Bk 249,000.00 249,000.00 0.400% 4,982.73 253,982.73
110087AS2 03/10/21 03/10/26 Bristol Morgan Bank 249,000.00 249,000.00 0.450% 5,605.82 254,605.82
87164XA30 09/03/21 09/03/26 Syncrony Bank 249,000.00 249,000.00 0.900% 11,205.00 260,205.00
90348JS92 09/09/21 09/09/26 UBS Bank USA 249,000.00 249,000.00 0.950% 11,834.03 260,834.03
795451BH5 04/05/22 02/23/27 Sallie May Bank 247,000.00 242,902.27 2.564% 26,574.50 273,574.50
598580AM0 03/08/23 03/08/27 Mifflinburg Bank and Trust Company 249,000.00 249,000.00 4.650% 46,345.77 295,345.77
64034KBF7 03/09/22 03/09/27 Nelnet Bank Inc 247,000.00 247,000.00 1.950% 24,095.69 271,095.69
27004PCN1 03/09/22 03/09/27 Eaglemark Savings 247,000.00 247,000.00 2.000% 24,713.53 271,713.53
07371CN21 03/16/22 03/10/27 Beal Bank NV 247,000.00 247,000.00 1.800% 22,169.09 269,169.09
07371AB28 03/16/22 03/10/27 Beal Bank TX 247,000.00 247,000.00 1.800% 22,169.09 269,169.09
02589ABW1 03/23/22 03/23/27 American Exp Bank 247,000.00 247,000.00 2.200% 27,184.89 274,184.89
31938QW34 02/15/22 04/15/27 First Business Bank 245,000.00 245,000.00 3.900% 33,790.69 278,790.69
254673D94 05/18/22 05/19/27 Discover Bank 246,000.00 246,000.00 3.200% 39,403.14 285,403.14
910286GS6 07/14/23 07/14/27 United Fidelity Bank 249,000.00 249,000.00 4.600% 45,847.38 294,847.38
68405VAU3 09/15/23 09/13/27 Optum Bank 244,000.00 244,000.00 4.700% 45,872.00 289,872.00
20347MAS0 10/20/23 10/20/27 Community Bank and Trust 244,000.00 244,000.00 4.900% 47,824.00 291,824.00
34520LAY9 12/15/22 12/15/27 Forebright Bank 249,000.00 248,651.40 4.031% 49,827.34 298,827.34
84229LBJ0 12/16/22 12/16/27 Southern Bank 245,000.00 245,000.00 4.000% 49,026.84 294,026.84
70212YBE1 02/22/23 02/22/28 Partners Bank California 245,000.00 245,000.00 3.850% 47,188.34 292,188.34
062119BH4 03/08/23 03/07/28 Bank Five Nine 249,000.00 249,000.00 4.550% 56,678.44 305,678.44
05580AW59 03/10/23 03/10/28 BMW Bank North America 244,000.00 244,000.00 4.600% 56,181.50 300,181.50
108622NK3 03/29/23 03/29/28 Bridgewater Bk 249,000.00 249,000.00 4.800% 59,825.54 308,825.54
Dec. 12, 2023 Item #2 Page 20 of 22
City of Carlsbad investment portfolio
Investment detail
CUSIP Settlement Maturity Issuer Par Invested Yield Interest expected Return
October 31, 2023
178180GY5 03/31/23 03/31/28 City Natl Bk - Los Angeles 243,000.00 243,000.00 5.000% 60,816.56 303,816.56
914098DQ8 04/03/23 04/03/28 University Bank NA 249,000.00 249,000.00 4.800% 59,825.53 308,825.53
05600XQE3 05/16/23 05/16/28 BMO Harris Bank NA 244,000.00 244,000.00 4.500% 54,960.16 298,960.16
23204HPB8 06/06/23 06/14/28 Customers Bank 244,000.00 244,000.00 4.500% 53,365.81 297,365.81
91527PCD7 06/06/23 06/21/28 Univest Bank & Trust 249,000.00 249,000.00 4.500% 56,546.88 305,546.88
501798UJ9 07/18/23 07/18/28 LCA Bank Corporation 243,000.00 243,000.00 4.500% 54,734.92 297,734.92
58404DTG6 09/19/23 09/19/28 Medallion Bank 249,000.00 249,000.00 4.600% 57,332.81 306,332.81
59936MAA4 09/25/23 09/25/28 Milford Building & Loan 244,000.00 244,000.00 4.550% 55,510.00 299,510.00
84287PJB9 10/17/23 10/17/28 Southern First Bank 244,000.00 244,000.00 4.850% 59,170.00 303,170.00
Total certificate of deposit 21,514,000.00$ 21,506,876.92$ 1.928% 1,992,671.20$ 23,506,671.20$
CUSIP Settlement Maturity Issuer Par Invested Yield Interest expected Return
31398E6W9 08/27/20 06/15/24 FHLM - FHR 3544 BC 53,807.74 119,067.12 0.532% 83,540.73 137,348.47
3137FBTA4 03/10/21 08/25/24 FHLM - FHMS K728 2,553,782.79 2,760,160.90 3.064% 153,244.21 2,707,027.00$
3137F32A1 04/15/20 11/25/24 FHLM - KHG1 A1 1,147,406.97 1,226,239.69 0.999% 217,130.28 1,364,537.25
3137BL6J2 07/22/22 12/25/24 FHLM - FHMS K048 A1 875,930.15 867,170.85 3.425% 64,096.69 940,026.84
3137BM7B6 06/30/22 04/25/25 FHMS - K051 A1 2,454,046.00 2,434,873.76 3.299% 163,239.98 2,617,285.98
30315EAA4 07/24/20 05/25/25 FRESB - MFM 889,429.97 890,432.31 0.830% 15,869.91 905,299.88
3137BJQ71 03/15/21 05/25/25 FHLM - FHMS KPLB A 2,000,000.00 2,157,500.00 2.770% 110,231.60 2,110,231.60
30318NAA1 02/19/21 01/25/26 FRESB - 2021-SB83 1,264,436.92 1,269,695.61 0.505% 22,551.11 1,286,988.03
3137BPW21 03/25/21 03/25/26 FHLM - KHMS K055 2,500,000.00 2,700,000.00 2.673% 154,976.68 2,654,976.68
3137BP4J5 08/20/21 03/25/26 FHLM - FHMS K1R1 1,320,739.53 1,156,793.99 0.414% 239,848.91 1,560,588.44
30321CAQ5 07/23/21 04/25/26 FRESB - 2021-SB88 A5F 1,737,417.53 1,745,578.21 0.746% 40,585.81 1,778,003.34
30324QAC2 01/21/22 11/25/26 FRESB - 2022-SB94 4,225,963.43 4,245,508.50 1.500% 171,584.69 4,397,548.12
30311SAA7 04/22/22 04/25/27 FRESB - 2022-SB97 A5F 3,379,637.74 3,245,690.74 2.803% 145,119.91 3,524,757.65
30329MAA0 10/28/22 06/25/27 FRESB - 2022-SB103 A5F 1,485,658.55 1,330,982.17 4.989% 186,362.10 1,672,020.65
30329QAA1 11/18/22 09/25/27 FRESB - 2022-SB104 A5F 3,962,223.82 3,616,868.48 2.600% 248,449.63 4,210,673.45
3138L7D60 12/16/22 10/01/27 FHLM - AM6424 982,529.05 951,210.94 4.212% 77,476.88 1,060,005.93
3132XGRH1 01/27/23 11/01/27 FRESB - FR WN2287 3,000,000.00 2,972,812.50 3.929% 259,613.30 3,259,613.30
30332EAA3 07/20/23 05/25/28 FRESB - 2023-SB107 A5F 2,998,857.11 2,933,658.96 4.090% 297,835.37 3,296,692.48
30333AAA0 08/17/23 06/25/28 FRESB 2023-SB108 A5F 3,498,346.90 3,422,950.53 4.793% 359,518.19 3,857,865.09
Total mortgage backed securities (agency) 40,330,214.20$ 40,047,195.26$ 2.814% 3,011,275.98$ 43,341,490.18$
CUSIP Settlement Maturity Issuer Par Invested Yield Interest expected Return
127145LE8 05/27/21 06/15/24 Cache County SD 3,250,000.00 3,505,872.50 0.400% 297,375.00 3,547,375.00
005158XL9 06/17/21 08/15/24 Ada & Canyon County School District 1,500,000.00 1,710,405.00 0.520% 237,083.33 1,737,083.33
419792ZK5 02/26/21 10/01/24 State of Hawaii 3,000,000.00 3,039,420.00 0.433% 86,549.17 3,086,549.17
419792ZK5 03/17/22 10/01/24 State of Hawaii 2,000,000.00 1,933,240.00 2.160% 40,723.78 2,040,723.78
79771FAX5 03/01/21 11/01/24 San Francisco City Public Utilities 1,000,000.00 1,004,450.00 0.600% 26,523.31 1,026,523.31
575181GX 06/02/21 12/01/24 Mason & Kitsap Counties School District 640,000.00 640,000.00 0.538% 12,041.64 652,041.64
023051YW9 07/19/21 02/01/25 Amarillo Independent SD 1,800,000.00 1,762,290.00 0.600%- 1,800,000.00
882806HG0 03/22/21 02/15/25 Texas St Tech Univ 2,500,000.00 2,524,850.00 0.679% 93,800.00 2,593,800.00
91412HGE7 03/01/21 05/15/25 University of California 1,500,000.00 1,517,250.00 0.600% 55,724.13 1,555,724.13
91412HGE7 06/29/21 05/15/25 University of California 1,960,000.00 1,966,154.40 0.799% 67,111.92 2,027,111.92
625506QN3 02/02/21 06/15/25 County of Multnomah OR 2,000,000.00 2,006,040.00 0.430% 37,553.89 2,037,553.89
91412GU94 01/28/21 07/01/25 University of California 1,805,000.00 1,995,210.90 0.509% 244,645.68 2,049,645.68
20772KEW5 06/30/22 09/15/25 State of Connecticut 2,850,000.00 2,863,053.00 3.201% 476,400.00 3,326,400.00
13063DMA3 04/01/21 04/01/26 State of California 4,140,000.00 4,478,652.00 0.970% 161,300.35 4,301,300.35
13063DMA3 05/18/21 04/01/26 State of California 1,250,000.00 1,353,350.00 0.910% 342,250.56 1,592,250.56
736688MF6 09/01/21 06/15/26 Portland Community College 1,100,000.00 1,102,992.00 0.841% 122,255.56 1,222,255.56
569280EX4 12/07/21 06/15/26 Marion County School 1,880,000.00 1,885,245.20 1.374% 548,550.00 2,428,550.00
842475P82 02/11/22 07/01/26 Sthrn CA ST Pub Pwr Auth 2,485,000.00 2,415,643.65 1.930% 47,357.32 2,532,357.32
797272QR5 08/12/21 08/01/26 San Diego Community College 3,000,000.00 3,209,550.00 0.860% 33,041.17 3,033,041.17
801315KR2 08/23/21 08/01/26 Santa Barbara CA USD 500,000.00 511,970.00 0.842% 81,862.08 581,862.08
798189PY6 08/23/21 08/01/26 San Jose Evergreen Community College 750,000.00 799,522.50 0.842% 101,809.78 851,809.78
Mortgage passthrough securities (agency)
Municpal bonds
Dec. 12, 2023 Item #2 Page 21 of 22
City of Carlsbad investment portfolio
Investment detail
CUSIP Settlement Maturity Issuer Par Invested Yield Interest expected Return
October 31, 2023
798170AJ5 01/06/22 08/01/26 San Jose Redevelopment 3,000,000.00 3,220,260.00 1.507% 342,742.58 3,342,742.58
6041295T9 08/10/22 08/01/26 Minnesota State 1,215,000.00 1,215,000.00 3.250% 174,512.81 1,389,512.81
13063DRD2 02/08/22 10/01/26 State of California 2,400,000.00 2,468,808.00 1.730% 170,415.98 2,570,415.98
419792ZN9 03/02/22 10/01/26 State of Hawaii 2,000,000.00 1,938,920.00 1.810% 264,891.67 2,264,891.67
13067WSW3 12/20/21 12/01/26 State of California 1,275,000.00 1,257,405.00 1.051% 977,643.33 2,252,643.33
13067WSW3 03/29/22 12/01/26 State of California 1,425,000.00 1,322,001.00 2.708% 84,523.29 1,509,523.29
13067WSW3 04/18/22 12/01/26 State of California 2,705,000.00 2,475,237.30 3.035% 90,565.95 2,795,565.95
544646A77 06/13/22 05/01/27 LA Unified School District 3,500,000.00 3,883,600.00 3.820% 15,705.20 3,515,705.20
68608VDX9 10/13/23 05/01/27 State of Oregon 1,000,000.00 943,330.00 5.080% 132,640.00 1,132,640.00
91412HGF4 05/15/23 05/15/27 University of California 1,000,000.00 908,270.00 3.810% 52,640.00 1,052,640.00
544495VX9 08/27/23 07/01/27 Los Angeles Dept of Water & Power 1,500,000.00 1,580,685.00 4.100% 345,669.33 1,845,669.33
419794F72 06/06/23 07/01/27 Hawaii State 1,125,000.00 1,004,962.50 4.720% 82,624.50 1,207,624.50
438701Y40 06/28/23 07/01/27 Honolulu Wastewater System Revenue 1,500,000.00 1,392,885.00 4.460% 168,412.50 1,668,412.50
796720NT3 02/22/23 08/01/27 San Bernardino Community College Dist 1,500,000.00 1,328,325.00 1.480% 107,266.25 1,607,266.25
357155BA7 05/09/23 08/01/27 Fremont CA Unified School District 2,000,000.00 1,795,450.00 3.750% 94,110.34 2,094,110.34
68609TU22 08/22/23 08/01/27 Oregon State Dept of Transportation 1,585,000.00 1,394,070.90 1.354% 85,843.60 1,670,843.60
212204JH5 08/31/23 08/01/27 Contra Costa CA Community College Dist 1,000,000.00 909,510.00 4.720% 86,520.00 1,086,520.00
072031AP2 08/01/23 10/01/27 Bay Area Water 1,250,000.00 1,185,562.50 4.742% 189,281.25 1,439,281.25
032556FB3 10/17/23 10/01/27 City of Anaheim 1,670,000.00 1,487,068.20 1.998% 133,466.40 1,803,466.40
68607DVD4 06/16/23 11/15/27 Oregon State Dept of Transportation 2,000,000.00 1,738,740.00 4.370% 97,560.00 2,097,560.00
016249FQ2 10/30/23 02/15/27 Alief Independent School District 1,980,000.00 1,969,209.00 5.380% 360,360.00 2,340,360.00
798170AL0 08/09/23 08/01/28 San Jose Redevelopment 1,000,000.00 948,450.00 4.742% 189,281.25 1,189,281.25
797272RP8 10/25/23 08/01/27 San Diego Community College 2,290,000.00 2,016,551.10 5.161% 149,582.80 2,439,582.80
7994082H1 08/24/23 08/01/28 San Ramon Valley School District 1,000,000.00 861,870.00 4.850% 83,500.00 1,083,500.00
Total municpal bonds 81,830,000.00$ 81,471,331.65$ 2.122% 7,593,717.70$ 89,423,717.70$
CUSIP Settlement Maturity Issuer Par Invested Yield Interest expected Return
01WFBCASH Wells Fargo Bank - General 2,459,901.00 2,459,901.00 0.100%204.99 2,460,105.99
01WFBSWEEP Wells Fargo Sweep account 5,006,758.64 5,006,758.64 5.223% 21,791.92 5,028,550.56
01WFBCUSTODY Wells Fargo Bank - Custody 5,668,023.59 5,668,023.59 0.100%472.34 5,668,495.93
01CAMP1028 CAMP 130,992,571.92 130,992,571.92 5.560% 606,932.25 131,599,504.17
01CI0502 LAIF City 206,871.53 206,871.53 3.670%632.68 207,504.21
01CM0502 LAIF CMWD 836,158.80 836,158.80 3.670% 2,557.25 838,716.05
01PF10391 LAIF CPFA 765,952.51 765,952.51 3.670% 2,342.54 768,295.05
Total cash and pooled investments 145,936,237.99$ 145,936,237.99$ 5.221% 634,933.97$ 146,571,171.96$
GRAND TOTAL 856,033,452.19$ 860,029,553.82$ 2.3526% 57,754,577.52$ 913,788,029.71$
Cash and pooled investments
Dec. 12, 2023 Item #2 Page 22 of 22
Tammy Cloud-McMinn
From:
Sent:
To:
Subject:
Mary Real <anewday4me2020@gmail.com >
Monday, December 11, 2023 5:44 PM
All Receive -Agend a Item # 4
For the Informat ion of the:
CITY COUNCIL
DateQ/rd:/Z!:,CA .......-cc ~
CDC .,., OGD1 <PCM t2) v'"
Council Internet Ema il; City Clerk; Scott Chadwick; Geoff Patnoe; Mary Real; Kyle
Lancaster; Suzanne Smithson
Comments Item 2, Carlsbad City Council Mtg. 12-12-2023
6.4 USER FEE RECOMMENDATIONS Staff should consider user fee recommendations for each of the following program
areas. The overall fee structure should reflect the value of the experience and market rates. Adult Programs: Adult
programs are priced higher than the compa rison agencies. Higher fees reflect facility and experience quality. Review
higher priced programs to ensu re that those classes are priced to reflect the value they provide and ensure options for
those participants who cannot afford premium prices. Sports: Review per unit costs for indoor pickleball classes and
consider implementing tiered pricing like the City of Vista for advanced offerings. Aquatics: The per unit cost for aquatics
programming does not reflect market rates nor the quality of the experience provided by a highly rated facility such as
the Alga Norte Aquatic Center. Increase aquatic program fees to be in line with market and experience rates. Camps:
Offer high-quality camps at competitive prices to attract and retain participants. While some prices may be higher than
other agencies, it is important to ensu re the prices are based on the quality of the experience that Carlsbad provides,
which is higher quality than others. Learning and Development: Consider increasing per unit costs for early childhood
classes to be aligned with market rates and the cost of providing services. Adult's 50+: Offer senior programs at
competitive prices to attract and retain participants and explore ways to ensure affordable offerings that make these
programs accessible. Youth Programs: Review per unit costs for youth programs and consider adjusting fees to be
competitive with the other benchmarked departments, particularly the City of Encinitas and the City of Escondido.
Park & Rec Master Plan 2023
Where is the money going from Park & Rec. donations for Seniors benefit? The Park & Rec-ers are
not spending money on making Senior's day over the holidays. They put up a sign saying don't ask
for free Keurig style coffee cups for their coffee machine so seniors have to pay 50 cents or do
without! What kind of Christmas spirit is that?
Of course, according to the Master Plan You should be glad to pay since it is Carlsbad, a high
quality money making machine that does not care to Give anything to seniors? Can they spell
compassion or are they entitled to treat or is that mistreat seniors?
I have to wonder about their Statement above:
While some prices may be higher than other agencies, it is import ant to ensure the prices are
based on t he quality of t he experience that Carlsbad provides, which is higher quality t han others.
Wow, I am in awe of their 11 high 11 opinion of their Service to seniors.
Do 'higher management' folks have to be drug tested?
Apologies to the City Atty. and t he City Mgr. if I am penalized for wishing a Merry Christ mas and a
Happy New Year filled with Peace and Joy and Love especially to th_e Seniors at the Center even if I
am "off topic".
1
Do you as government officials not want to hear what non-paid people are thinking? Uhm that is
interesting??? Perhaps, the City Council could allow time for people to express their thoughts at
the end of the meeting as non agenda items? Do you want to hear what people are concerned
about?
Thanks to the Mayor and the City Council for trying to do more for Seniors and Library patrons by
expanding services and not contracting service due to Money concerns before the true state of
revenue is known?
Thank you for your time and again,
Mary Lucid
Happy Holidays and a Happy New Year filled with
Peace, Joy, Love and Goodwill to Seniors and library
patrons
CAUTION: Do not open attachments or click on links unless ou recognize the sender and know the content i
safe.
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