13 - Laserfiche WebLink

THE CITY OF •• O 111 111 m1- 111 pLEASANTON. CITY OF PLEASANTON INVESTMENT ACTIVITY SUMMARY AND ANALYSIS AS OF MARCH 31, 2018 SUMMARY: The City of Pleasanton investment portfolio decreased slightly by ($1,276,212) during the Third quarter of FY 2017-18, from $206,078,573 on December 31, 2017 to $204,802,362 on March 31, 2018. For the quarter ending the yield to maturity on the portfolio was 1.35%, an increase from 1.21% reported for the quarter ended December 31, 2017. The average days to maturity (ADM) decreased from 475 days on December 31, 2017 to 434 days on March 31, 2018. As described in this report, the City's investment in the Local Agency Investment Fund (LAIF) was unchanged at $38 million. This is a short term investment option available to local agencies in California administered by the State Treasurer's Office. The quarterly LAIF interest rate was 1.43% and its ADM was 183 days. During the quarter approximately $7.0 million in securities matured. Approximately $ 5.75 million of these were reinvested into higher yielding investments as the yields moved higher during the quarter with the Fed making a yet another increase to discount rate. The interest rates on the newly added investments ranged from 2.6% to 2.8%. As of March 31st 2018 approximately 75.5% of the total portfolio consisted of U.S Treasuries and agency securities, LAIF investment was 18.55% of the portfolio. • Fair Market Value of total portfolio - $203,004,007.20 • Yield to maturity— 1.35% • Weighted average days to maturity—434 days • Fiscal year-to-date net interest earnings—$1,863,508.88