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AgdaPkt 2020-04-13 Joint SA PFA
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AgdaPkt 2020-04-13 Joint SA PFA
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Last modified
10/1/2020 10:06:31 AM
Creation date
4/9/2020 4:56:17 PM
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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
4/13/2020
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5.13. - Page 6 of 59 <br />REDWOOD CITY <br />Forthe Quarter Ended December31, 2019 <br />Portfolio Compliance <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 12/31/19, and earnings are accrual basis <br />earnings for the quarter ended 12131/19. San Mateo County Pool and LAIF yields and earnings provided bythe City. Current investment policy as ofJanuary2019. <br />PFM Asset Management LLC 15 <br />Sector Allocation & Compliance <br />• The portfolio is in compliance with the City's Investment Policy and California Government Code. <br />Market Value as of <br />% of <br />Permitted <br />In <br />Security Type <br />December 31, 2019 <br />Portfolio <br />by Policy <br />Compliance <br />U.S. Treasury <br />$73,300,896 <br />26% <br />100% <br />✓ <br />Federal Agency/GSE <br />$24,895,052 <br />9% <br />100% <br />✓ <br />Municipal Obligations <br />$2,600,903 <br />1% <br />20% <br />✓ <br />Supra -National Agency <br />$5,886,271 <br />2% <br />30% <br />✓ <br />Corporate Notes <br />$33,976,059 <br />12% <br />30% <br />✓ <br />Certificates of Deposit <br />$12,515,536 <br />4% <br />30% <br />✓ <br />Asset -Backed Securities <br />$9,829,243 <br />4% <br />20% <br />✓ <br />Security Sub -Total <br />$163,003,959 <br />58% <br />Accrued Interest <br />$930,500 <br />Securities Total <br />$163,934,459 <br />Local Agency Investment Fund (LAIF) <br />$48,603,000 <br />17% <br />$65 million <br />✓ <br />General Fund Reserve Account (LAIF) <br />$23,902,864 <br />9% <br />$65 million <br />✓ <br />San Mateo County Pool <br />$44,842,172 <br />16% <br />$50 million <br />✓ <br />Money Market Fund <br />$408,132 <br /><1% <br />20% <br />✓ <br />Total Investments <br />$281,690,626 <br />100% <br />Portfolio Earnings <br />Earnings Rate <br />Earnings <br />Individual Securities <br />2.35% <br />$1,017,011 <br />San Mateo County Pool <br />1.78% <br />$231,445 <br />Local Agency Investment Fund (LAIF) <br />2.29% <br />$168,994 <br />General Fund Reserve Account (LAIF) <br />2.29% <br />$137,315 <br />Average/Total <br />2.25% <br />$1,554,765 <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 12/31/19, and earnings are accrual basis <br />earnings for the quarter ended 12131/19. San Mateo County Pool and LAIF yields and earnings provided bythe City. Current investment policy as ofJanuary2019. <br />PFM Asset Management LLC 15 <br />
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