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AgdaPkt 2019-06-24 Joint SA PFA
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AgdaPkt 2019-06-24 Joint SA PFA
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Last modified
10/1/2020 3:41:57 PM
Creation date
6/20/2019 6:01:33 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
6/24/2019
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6.A. - Page 5 of 37 <br />REDWOOD CITY <br />Sector Allocation and Compliance <br />• The portfolio is in compliance with the City's Investment Policy and the California Government Code. <br />Portfolio Earnings Earnings Rate Earnings <br />Individual Securities 2.39% $551,018 <br />San Mateo County Pool 2.41% $327,957 <br />Local Agency Investment Fund (LAIF) 2.44% $234,536 <br />General Fund Reserve Account (LAIF) 2.44% $135,819 <br />Average/Total 2.41% $1,249,329 <br />Attachment A <br />For the Quarter Ended March 31, 2019 <br />Portfolio Review <br />Note: Individual security values are market values excluding accrued interest. County Pool and LAIF values are at cost. Individual Securities' yield is yield at cost on 03/31/19, and earnings are accrual basis <br />earnings for the quarter ended 03/31/19. San Mateo County Pool and LAIF yields and earnings provided by the City. Current investment policy as of January 2019. <br />PFM Asset Management LLC 14 <br />Market Value as of <br />% of <br />Permitted <br />In <br />Security Type <br />March 31, 2019 <br />Portfolio <br />by Policy <br />Compliance <br />U.S. Treasury <br />$65,850,174 <br />25% <br />100% <br />✓ <br />Federal Agency/GSE <br />$24,476,807 <br />9% <br />100% <br />✓ <br />Municipal Obligations <br />$1,004,100 <br /><1% <br />20% <br />✓ <br />Supra -National Agency <br />$5,842,483 <br />2% <br />30% <br />✓ <br />Corporate Notes <br />$26,569,471 <br />10% <br />30% <br />✓ <br />Certificates of Deposit <br />$12,344,831 <br />5% <br />30% <br />✓ <br />Asset -Backed Securities <br />$7,155,557 <br />3% <br />20% <br />✓ <br />Security Sub -Total <br />$143,243,422 <br />57% <br />Accrued Interest <br />$826,057 <br />Securities Total <br />$144,069,478 <br />Local Agency Investment Fund (LAIF) <br />$46,463,488 <br />18% <br />$65 million <br />✓ <br />General Fund Reserve Account (LAIF) <br />$21,651,961 <br />8% <br />$65 million <br />✓ <br />San Mateo County Pool <br />$49,219,151 <br />19% <br />$50 million <br />✓ <br />Money Market Fund <br />$315,467 <br /><1% <br />20% <br />✓ <br />Total Investments <br />$261,719,545 <br />100% <br />Portfolio Earnings Earnings Rate Earnings <br />Individual Securities 2.39% $551,018 <br />San Mateo County Pool 2.41% $327,957 <br />Local Agency Investment Fund (LAIF) 2.44% $234,536 <br />General Fund Reserve Account (LAIF) 2.44% $135,819 <br />Average/Total 2.41% $1,249,329 <br />Attachment A <br />For the Quarter Ended March 31, 2019 <br />Portfolio Review <br />Note: Individual security values are market values excluding accrued interest. County Pool and LAIF values are at cost. Individual Securities' yield is yield at cost on 03/31/19, and earnings are accrual basis <br />earnings for the quarter ended 03/31/19. San Mateo County Pool and LAIF yields and earnings provided by the City. Current investment policy as of January 2019. <br />PFM Asset Management LLC 14 <br />
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