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THE CITY OF <br /> �f <br /> � C mr,��,ii em I_ IDo u�. <br /> pLEAS4NTONm <br /> CITY OF PLEASANTON <br /> INVESTMENT ACTIVITY SUMMARY AND ANALYSIS <br /> AS OF DECEMBER 31, 2015 <br /> SUMMARY: <br /> The City of Pleasanton investment portfolio increased by $10,764,266 during the second <br /> quarter of FY 2015-16, from $176,349,939 on September 30, 2015 to $187,114,205 on <br /> December 31, 2015 For the quarter ending the yield to maturity on the portfolio was <br /> 0 885%, an increase from 0 865% reported for the quarter ended September 30, 2015 <br /> The average days to maturity(ADM) decreased from 605 days on September 30, 2015 to <br /> 582 days on December 31, 2015 <br /> As described in this report, the City increased its investment in the Local Agency <br /> Investment Fund (LAIF) from $42 million to $50 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 37% and its ADM was 179 <br /> days City staff moved an additional $8 million into LAIF during the quarter after <br /> receiving the property tax allocation from Alameda County During the quarter <br /> approximately $39 million in securities were called by the issuers and the entire amount <br /> was reinvested into similar yielding investments During the quarter staff made <br /> withdrawals from LAIF to cover weekly claims The interest rates on the newly added <br /> investments ranged from 0 45%to 1 50% As of December 31, 2015 approximately 72% <br /> of the total portfolio consisted of U S Treasuries and agency securities <br /> ® Fair Market Value of total portfolio - $187,114,205 <br /> e Yield to maturity—0 885% <br /> ® Weighted average days to maturity— 582 days <br /> ® Fiscal year-to-date net interest earnings— $784,617 <br />