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AgdaPkt 2021.04.26 Joint SA FPA
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AgdaPkt 2021.04.26 Joint SA FPA
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Last modified
4/27/2021 9:23:20 AM
Creation date
4/22/2021 4:50:14 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
4/26/2021
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6.A. - Page 7 of 49 <br />REDWOOD CITY <br />Sector Allocation & Compliance <br />• The portfolio is in compliance with the City's Investment Policy and California Government Code. <br />For the Quarter Ended December 31, 2020 <br />Portfolio Compliance <br />Security Sub -Total $160,572,349 57% <br />Accrued Interest $701,512 <br />Securities Total $161,273,861 <br />Local Agency Investment Fund (LAIF) <br />Market Value as of <br />% of <br />Permitted <br />In <br />Security Type <br />December 31, 2020 <br />Portfolio <br />by Policy <br />Compliance <br />U.S. Treasury <br />$37,952,891 <br />13% <br />100% <br />✓ <br />Federal Agency/GSE <br />$58,784,811 <br />21% <br />100% <br />✓ <br />Federal Agency/CMO <br />$1,006,718 <br /><11% <br />100% <br />✓ <br />Municipal Obligations <br />$5,461,626 <br />2% <br />20% <br />✓ <br />Supra -National Agency <br />$4,674,790 <br />2% <br />30% <br />✓ <br />Corporate Notes <br />$32,353,336 <br />11% <br />30% <br />✓ <br />Certificates of Deposit <br />$12,918,929 <br />5% <br />30% <br />✓ <br />Asset -Backed Securities <br />$7,419,248 <br />3% <br />20% <br />✓ <br />Security Sub -Total $160,572,349 57% <br />Accrued Interest $701,512 <br />Securities Total $161,273,861 <br />Local Agency Investment Fund (LAIF) <br />$32,747,252 <br />12% <br />$75 million ✓ <br />General Fund Reserve Account (LAIF) <br />$22,373,659 <br />8% <br />$75 million ✓ <br />San Mateo County Pool <br />$67,536,412 <br />24% <br />$75 million ✓ <br />Money Market Fund <br />$612,465 <br /><1% <br />20% ✓ <br />Total Investments <br />$284,543,649 <br />100% <br />Portfolio Earnings Earnings Rate Earnings <br />Individual Securities 1.77% $942,291 <br />San Mateo County Pool 1.00% $189,332 <br />Local Agency Investment Fund (LAIF) 0.63% $25,153 <br />General Fund Reserve Account (LAIF) 0.63% $35,376 <br />Average/Total 1.59% $1,192,151 <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 12131/20, and earnings are accrual basis <br />earnings for the quarter ended 12131/20. San Mateo County Pool and LAIF yields and earnings provided by the City. Current investment policy as of January 2020. <br />PFM Asset Management LLC is <br />
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