08 - Laserfiche WebLink

CITY OF PLEASANTON INVESTMENT ACTIVITY SUMMARY AND ANALYSIS AS OF SEPTEMBER 30, 2023 SUMMARY: Primary City Managed Investment Portfolio The book value of the City of Pleasanton General investment portfolio decreased by $35.9 million from $254.4 million to $218.5 million during the last quarter ending September 30, 2023. This decrease in the portfolio during the quarter ending September 30, 2023 was primarily to accommodate large disbursements to various vendors: CalPERS for FY 2023/24 Unfunded Pension Liability, Bay Cities Joint Powers for insurance, and other vendors for various construction and service contracts. The fiscal year-to-date effective rate of return on the portfolio was 1.52 percent. The average days to maturity (ADM) increased from 723 days on June 30, 2023 to 761 days on September 30, 2023. The City's investment in the Local Agency Investment Fund (LAIF) decreased to $27.0 million from $60.0 million last quarter ending June 30, 2023. The quarterly LAIF apportionment interest rate was 3.59 percent with ADM of 256 days. The average monthly effective yield was 3.30 percent in July, 3.43 percent in August, and 3.53 percent in September. During the quarter, only $3.0 million in securities was matured. As of September 30, 2023, approximately 72.8 percent of the total portfolio consisted of federal agency securities, while the LAIF investment was 13.3 percent of the portfolio. Corporate notes accounted for 13.2 percent of the portfolio. • Fair Market Value of total portfolio - $200,026,331 • Fiscal year-to-date effective rate of return - 1.52 percent • Weighted average days to maturity— 761 days • Fiscal year-to-date net interest earnings - $879,971.23 ASSET COMPOSITION: Investment Percent of Portfolio Certificates of Deposit- Bank 0.3% LAIF 13.3% Medium Term Notes 13.2% Federal Agency Issues - Coupon 1.3% Federal Agency Issues - Callable 71.5% Supranationals 0.4% 100.0%