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AgdaPkt 2020-01-13 Joint
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AgdaPkt 2020-01-13 Joint
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Last modified
10/1/2020 12:12:51 PM
Creation date
1/10/2020 8:49:22 AM
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CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
1/13/2020
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6.13. - Page 6 of 39 <br />REDWOOD CITY <br />Sector Allocation & Compliance <br />• The portfolio is in compliance with the City's Investment Policy and California Code. <br />For the Quarter Ended September 30, 2019 <br />Portfolio Compliance <br />Portfolio Earnings Earnings Rate Earnings <br />Individual Securities 2.38% $1,073,400 <br />San Mateo County Pool 2.17% $248,194 <br />Local Agency Investment Fund (LAIF) <br />General Fund Reserve Account (LAIF) <br />2.45% $209,537 <br />2.45% $146,344 <br />Average/Total 2.36% $1,677,475 <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 09/30/19, and earnings are accrual basis <br />earnings for the quarter ended 09/30/19. 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 52 <br />Market Value as of <br />% of <br />Permitted <br />In <br />Security Type <br />September 30, 2019 <br />Portfolio <br />by Policy <br />Compliance <br />U.S. Treasury <br />$70,311,952 <br />27% <br />100% <br />✓ <br />Federal Agency/GSE <br />$24,938,485 <br />10% <br />100% <br />✓ <br />Municipal Obligations <br />$1,496,546 <br />1% <br />20% <br />✓ <br />Supra -National Agency <br />$5,889,902 <br />2% <br />30% <br />✓ <br />Corporate Notes <br />$36,582,186 <br />14% <br />30% <br />✓ <br />Certificates of Deposit <br />$13,436,088 <br />5% <br />30% <br />✓ <br />Asset -Backed Securities <br />$10,078,014 <br />4% <br />20% <br />✓ <br />Security Sub -Total <br />$162,733,172 <br />62% <br />Accrued Interest <br />$825,813 <br />Securities Total <br />$163,558,985 <br />Local Agency Investment Fund (LAIF) <br />$27,356,463 <br />10% <br />$65 million <br />✓ <br />General Fund Reserve Account (LAIF) <br />$23,756,520 <br />9% <br />$65 million <br />✓ <br />San Mateo County Pool <br />$46,493,762 <br />18% <br />$50 million <br />✓ <br />Money Market Fund <br />$529,357 <br /><11% <br />20% <br />✓ <br />Total Investments <br />$261,695,087 <br />100% <br />Portfolio Earnings Earnings Rate Earnings <br />Individual Securities 2.38% $1,073,400 <br />San Mateo County Pool 2.17% $248,194 <br />Local Agency Investment Fund (LAIF) <br />General Fund Reserve Account (LAIF) <br />2.45% $209,537 <br />2.45% $146,344 <br />Average/Total 2.36% $1,677,475 <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 09/30/19, and earnings are accrual basis <br />earnings for the quarter ended 09/30/19. 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 52 <br />
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