06 - Laserfiche WebLink

THE CITY OF pLEASANTON. CITY OF PLEASANTON INVESTMENT ACTIVITY SUMMARY AND ANALYSIS AS OF DECEMBER 31, 2020 SUMMARY: Primary City Managed Investment Portfolio The City of Pleasanton General investment portfolio increased by $15,778,978 during the quarter September 30, 2019 to December 31,2019, from $195,271,132 on September 30, 2019 to $211,050,110 on December 31 , 2019. The City receives two significant property tax installments in April and December. These installments are invested in securities or deposited into the Local Agency Investment Fund (LAIF) when received. In December 2019 the City received a property tax instalment in the amount of$34,864,264, some of which remained in the City's general bank account. For the quarter ending December 31, 2019, the fiscal year to date effective rate of return on the portfolio was 2.38%. The average days to maturity (ADM) increased from 844 days on September 30, 2019 to 946 days on December 31 , 2019. As described in this report, the City's investment in the LAIF increased to $36.0 million from $15.0 million mainly due to the property tax installment being deposited into LAIF until new investments are purchased. The quarterly LAIF interest rate was 2.11% with ADM of 226 days. During the quarter approximately $54.3 million in securities matured or were called, which the City either used to fund operating costs or reinvest into Agencies and Corporates at the market rate. The yields on the newly added investments ranged from 1.85% to 2.18%. As of December 31, 2019, approximately 65.1% of the total portfolio consisted of U.S Treasuries and agency securities, while the LAIF investment was 17.06% of the portfolio. Corporate notes accounted for 17% of the portfolio. • Fair Market Value of total portfolio - $211,050,110 • Effective rate of return — 2.38% • Weighted average days to maturity — 946 days • Fiscal year-to-date net interest earnings — $2,362,855