Laserfiche WebLink
THE CITY OF <br /> pL€ASANTON. <br /> CITY OF PLEASANTON <br /> INVESTMENT ACTIVITY SUMMARY AND ANALYSIS <br /> AS OF SEPTEMBER 30, 2015 <br /> SUMMARY: <br /> The City of Pleasanton investment portfolio decreased by $24,411,460 during the first <br /> quarter of FY 2015-16, from $200,761,399 on June 30, 2015 to $176,349,939 on <br /> September 30, 2015. For the quarter ending the yield to maturity on the portfolio was <br /> 0.865% an increase from 0.857% reported for the quarter ended June 30, 2015. The <br /> average days to maturity (ADM) decreased from 646 days on June 30, 2015 to 605 days <br /> on September 30, 2015. <br /> As described in this report, the City decreased its investment in the Local Agency <br /> Investment Fund (LAIF) from $50 million to $42 million. LAIF is a short term <br /> investment option available to local agencies in California administered by the State <br /> Treasurer's Office. The quarterly LAIF interest rate was 0.337% and its ADM was 210 <br /> days. City staff moved $8 million from LAIF to prefund the City's annual required <br /> contribution to Ca1PERS of$6.3 million and prefund the City's unfunded pension and <br /> OPEB liabilities in the amount of$5.4 million. During the quarter approximately$27 <br /> million in securities was called by the issuers, of that amount $13 million was reinvested <br /> into similar yielding investments. The remaining amount funded weekly claims <br /> throughout the quarter. The interest rates on the new investments range from 0.81% to <br /> 1.73%. As of September 30, 2015 approximately 73%of the total portfolio consisted of <br /> U.S Treasuries and agency securities. <br /> • Fair Market Value of total portfolio - $176,349,939 <br /> • Yield to maturity—0.865% <br /> • Weighted average days to maturity—605 days <br /> • Fiscal year-to-date net interest earnings—$409,500 <br />