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om o• EL CERRITO AGENDA BILL Agenda Item No. 5(8) Date: February 4, 2014 To: El Cerrito City Council From: Geoff Thomas, Finance Manger Lisa Malek-Zadeh, Finance Director/City Treasurer Subject: Quarterly Investment Report for Period Ending December 31, 2013 ACTION REQUESTED Receive and file the City's Quarterly Investment Report for the period ending December 31, 2013. QUARTERLY INVESTMENT REPORT REVIEW The Quarterly Investment Report for October 2013-December 2013 shows that the City's investments had a par value of $1,781,011 as of December 31, 2013. The decrease of $2,484 from last quarter is due to the use of $2,498 in excess reserves towards City Hall and Street Improvement debt service payments during the quarter, offset by interest earnings. The City continues to have minimal investments that are not required for debt service reserves and to have limited, if any, interest earnings on restricted funds. Of the total amount invested, $2,700 is invested in the pooled funds with the State Treasurer's Local Agency Investment Funds (LAIF); $438,311 is held in money market funds; and $1,340,000 is invested in agency debt investments. FINANCIAL CONSIDERATIONS The purpose of the City's Investment Policy is to provide guidelines for prudent investment of the City's idle funds and maximum efficiency of the City's cash management system. The ultimate goal is to enhance the City's economic condition while protecting the funds at all times. The City's investments comply with the "Authorized Investments" section of the Investment Policy. Reviewed by: Scott Hanin City Manager Attachment: 1. City ofEl Cerrito Quarterly Investment Report For Period Ending December 31, 2013 ---PAGE BREAK--- Quarterly Investment Report For the Period Ending December 31, 2013 TRUSTEE/ INTEREST MATURITY COST/ *MARKET FUND INVESTMENT TYPE INVESTMENT BROKER PAR VALUE COST OR YIELD DATE 100 VALUE Pooled Investments Pooled Fund LAIF CA State Treasurer $2,699.64 $2,699.64 0.26% N/A 100.00 $2,699.64 Deutsche Bank Prime Money Solar Project Financing Prime Money Market Market Deutsche Bank $248,375.96 $248,375.96 0.01% N/A 100.00 $248,375.96 Blackrock Institutional Swim Center Fund Money Market Union Bank!Biackrock Liquidity Union Bank of CA $185,339.56 $185,339.56 0.01% N/A 100.00 $185,339.56 Blackrock Institutional City Hall Debt Fund Money Market Union Bank/Biackrock Liquidity Union Bank of CA $1,799.16 $1,799.16 0.01% N/A 100.00 $1,799.16 Fed Natl Mtg Assn Union Bank! FNMA Union Bank of CA $600,000.00 $600,000.00 0.63% 9/26/2017 99.74 $598,458.00 Blackrock Institutional Street Improvement Fund Money Market Union Bank!Biackrock Liquidity Union Bank of CA $2,796.90 $2,796.90 0.01% N/A 100.00 $2,796.90 Fed Natl Mtg Assn Union Bank! FNMA Union Bank of CA $740,000.00 $740,000.00 0.63% 9/26/2017 99.74 $738,098.20 TOTALS, as of December 31, 2013 $1,781,011.22 $1 '781 ,011.22 $1,777,567.42 I certify that this report is in compliance with the City of El Cerrito Investment Policy and that there are adequate funds available to meet the next six months of estimated expenditures as required by the California Government Code 53646~-- Agenda Item No. 5(B) Attachment 1