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04-11-2000 CC Rpt A05 fjoiic e • • Fi na Reports COUNCIL AGENDA STAFF REPORT cRxy�� 1.,u / Meeting Date: April 11,2000 A: « ApR :25 Public Hearing: 0 Discussion Item: 0 `rf?!, Tr`l.P , Consent Item: APRIL 4, 2000 TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: CITY MANAGER SUBJECT: TREASURER'S REPORT FOR FEBRUARY 2000 RECOMMENDATION: It is recommended that the City Council: 1. Approve the Treasurer's Report for February 2000; and 2. Authorize staff to continue investing all of the City's funds in State and County investment pools. BACKGROUND/ANALYSIS: The Treasurer's Report for February 2000 may be seen in Exhibit A (attached). The amount of cash and investments for all funds amounts to $102,735,335.33. The amount of cash shown in the checking accounts may be either a positive or negative(overdrawn)amount, depending on whether or not there is an opportunity to invest the "float" amount. It is the Treasurer's intention to invest all cash not needed for the immediate cash flow needs of the City. The cash flow for all major fund types is also reported in Exhibit A. As shown,the City's cash reserves,coupled with the month's cash receipts, are sufficient to meet the City's cash disbursement requirements for the month. Additionally, there are sufficient reserves and forecasted cash receipts to meet the City's future cash disbursement needs. Attached are copies of the summary reports received from the agency pools in which the City invests. Due to the different styles and lengths of reports, only summary information is excerpted from the reports and attached as exhibits to the Treasurer's Report. Additionally,the agencies reports that will be attached to the City Treasurer's Report may not necessarily correspond according to dates, due to the lag time in producing and mailing these reports. Included in Exhibit A is a column showing the market value of investments the City has in the various pooled investment accounts. The investment pools provide the market valuation information for the total pool and City staff then calculates and reports the City's pro rata share of the market valuation amount. • • , • AGENDA DATE: APRIL 11, 2000 SUBJECT: TREASURER'S REPORT FOR FEBRUARY 2000 PAGE TWO The market value may show unrealized gains or losses for the pooled investments. This does not mean that the pool has actually gained or lost any money on these transactions; it just shows what would have occurred if the pool had redeemed any of the investments as of the date of the report. Typically,the pools may not actually earn many gains nor suffer any losses,since the pools hold the investments to their maturity dates. As a reminder,for interest bearing instruments(which usually comprise most,if not all,of the pools' investments), a change in the market rate of an instrument will cause the value of the instrument to change. For example,when the interest rates increase,the value of bonds,notes,and other interest- rate-sensitive investments will decrease. Conversely, when the market interest rates decrease, the value of bonds,etc., will increase. But the risk of any actual loss (or gain)occurs only if the bonds or other investments are sold before their maturity date. If the investments are held until their maturity date, the investor will receive the total principal of the investment as well as any interest earned on the investment. Due to the City having limited staff and resources, it is recommended that the City continue investing all funds in State and County investment pools as a prudent means of balancing investment returns with the costs of investment activities. FISCAL IMPACT: In accordance with California Government Code,the Finance Director/City Treasurer certifies that sufficient investment liquidity, as well as sufficient anticipated revenues, are available to meet the City's budgeted expenditure requirements for the six months ending August 31, 2000. The investments reported in the Treasurer's Report are in compliance with the City's Investment Policy. Respectfully submitted, Recommended by: 4 r(114 Zit44'‘" Dou�V N. La Belle, City Manager, -tan McCartney, Finance Director DLB:SCM:ssr Att. C AGENDA\TRSTFRPTFEBOO Y • • EXHIBIT A • CITY OF CHINO HILLS TREASURER'S REPORT February 2000 I. Funds Held by City and Fiscal Agents: A. Funds Held by City: Market Investments Cost Value San Bernardino County Pooled Funds of Investments (SBCPFI) $ 33,093,870.93 $ (1) Los Angeles County Pooled Funds of Investments (LACPFI) 42,314,500.55 (1) State of California Local Agency Investment Fund (LAIF) 18,882,954.97 (1) Total Investments 94,291,326.45 (2) Cash Bank of America- Checking 401,896.48 401,896.48 Bank of America - Payroll 10,000.00 10,000.00 Total Cash in Bank 411,896.48 411,896.48 Petty Cash 3,350.00 3,350.00 Total Cash 415,246.48 415,246.48 Total Funds Held by City 94,706,572.93 (2) B. Funds Held by Fiscal Agents: U.S. Bank 6,312,513.27 (3) State Street Bank 169,232.28 (3) Harris Bank 1,547,016.85 (3) Total Funds Held by Fiscal Agents 8,028,762.40 (3) Total Funds Held by City and Fiscal Agents $ 102,735,335.33 (2) II. Estimated Composite Investment Earnings Rate: 5.63% (Estimated Investment Earnings Rate for SBCPFI :5.39%;&LAIF :5.49%; Actual Investment Earnings Rate for LACPFI : 5.88%.) III. Cash Flow Transactions by Major Fund Types: Beginning Ending Cash Balance Cash Cash Cash Balance Fund 02/01/00 Receipts Disbursements 02/29/00 General Fund $ 19,292,784.90 $ 952,390.92 $ (1,609,827.57) $ 18,635,348.25 Water Funds 11,750,453.15 1,661,823 82 (1,080,881.52) 12,331,395.45 Sewer Funds 6,282,022.76 407,973.00 (185,753.92) 6,504,241.84 Lighting & Landscap. 9,694,431.17 86,872.63 (1,867,368.29) 7,913,935.51 Development Funds 14,487,017.67 2,162,809.71 (1,412,082.92) 15,237,744.46 Comm. Facilities Dist. 18,239,355.15 2,088,660.04 (2,066,756.40) 18,261,258.79 Assessment Districts 5,547,826.33 129,201.72 (65,350.03) 5,611,678.02 Miscellaneous Funds 17,026,136.29 3,518,798.39 (2,305,201.67) 18,239,733.01 Total $ 102,320,027.42 $ 11,008,530.23 $ (10,593,222.32) $ 102,735,335.33 • • EXHIBIT A CITY OF CHINO HILLS TREASURER'S REPORT February 2000 Page 2 of 2. IV. Funds Held by Deferred Compensation Providers - Market Month Ending February 29, 2000 Value Aetna Life Insurance and Annuity Company (4) N/A ICMA 1,133,489.26 Total Funds Held by Deferred Compensation Providers $ 1,133,489.26 Footnotes: (1)The calculation of the allocation of the City's market value is not provided by the investment pool. (2)Total market valuation cannot be determined since the market value for all investment pool accounts is not available. (3)The most current bank statements available for the Reassessment District 94 and 95 bonds are as of December 31, 1999; these reports are issued on a quarterly basis. The market valuation for all fiscal agents is not available. (4)The market valuation is not available as of the date of this report. V. Certifications: In accordance with the California Government Code, the Finance Director/City Treasurer certifies that the investments reported in the Treasurer's Report comply with the City's Investment Policy and that sufficient liquidity, as well as sufficient anticipated revenues, are available to meet the City's budgeted expenditure requirements for the six months ending August 31, 2000. . /vl� S a cCartney Finance Director/City Treasurer City of Chino Hills Treasurer's Report Worksheet General I Public Facility Water Sewer Lighting& I Development I Comm Facilities Assessment Miscellaneous • Fund Fund Funds Funds Landscape Funds Distnct Distncts Funds Total Funds Held by City: Beginning Book Balance @02/01/00 19,292,784 90 0 00 11,749,255 33 6,282,022 76 9,694,431 17 14,487,017 67 15,274,300 51 1,476,210 45 17,019,988 10 95,276,010 89 Cash Receipts 952,390 92 0 00 1,661,823 82 407,973 00 86,872 63 2,162,809 71 805,748 54 64,600 86 2,868,436 19 9,010,655 67 Cash Disbursements (1,609,827 57) 0 00 (1,080,881 52) (185,753 92) (1,867,368 29) (1,412,082 92) (1,698,867 40) (65,350 03) (2,299,294 81) (10,219,426 46) Journal Entnes For Month (816 00) (816 00) Ending Book Balance @02/29/00 18,635,348 25 0 00 12,330,197 63 6,504,241 84 7,913,935 51 15,237,744 46 14,381,181 65 1,475,461 28 17,588,313 48 94,066,424 10 Reconciling Transactions 640,148 83 640,148 83 Ending Bank Balance Funds Held by City 18,635,348 25 0 00 12,330,197 63 1 6,504,241 84 7,913,935 51 15,237,744 46 11 14,381,181 65 1,475,461 28 18,228,462 31 94,706,572 93 Funds Held by Fiscal Agent: Illir Beginning Book Balance @02/01/00 1,197 82 2,965,054 64 4,071,615 88 6,148 19 7,044,016 53 Cash Receipts 0 00 1,282,911 50 64,600 86 0 00 1,347,512 36 Cash Disbursements 0 00 (367,889 00) 0 00 0 00 (367,889 00) Journal Entnes For Month (5,090 86) (5,090 86) I I 1 Ending Book Balance @02/29/00 0 00 0 00 1,197 82 0 00 0 00 0 00 3,880,077 14 4,136,216 74 1,057 33 8,018,549 03 Reconciling Transactions 10,213 37 10,213 37 Ending Bank Balance Funds Held by F/A 00011 0 00 1 1,197 82 0 00 11 0 00 -0 00 3,880,077 14 I 4,136,216 74 1 11,270 70 I 8,028,762 40 Summary of Cash Balances Beginning Cash Balance Funds Held by City 19,292,784 90 0 00 11,749,255 33 6,282,022 76 9,694,431 17 14,487,017 67 15,274,300 51 1,476,210 45 17,019,988 10 95,276,010 89 Funds Held by Fiscal Agent I 1,197 82 2,965,054 64 4,071,615 88 6,148 19 7,044,016 53 Total Beginning Cash Balance 19,292,784 90 I 0 00 I 11,750,453 15 6,282,022 76 9,694,431 17 I 14,487,017 67 18,239,355 15 5,547,826 33 17,026,136 29 102,320,027 42 Ending Cash Balance 1 _ Funds Held by City 18,635,348 25 0 00 12,330,197 63 6,504,241 84 7,913,935 51 15,237,744 46 14,381,181 65 1,475,461 28 18,228,462 31 94,706, 3 Funds Held by Fiscal Agent 1,197 82 3,880,077 14 4,136,216 74 11,270 70 8,028,762 40 Total Ending Cash Balance 18,635,348 25 11 0 00 I 12,331,395 45 6,504,241 84 7,913,935 51 I I 15,237,744 46 11 18,261,258 79 5,611,678 02 11 18,239,733 01 I 102,735,335 33 Detail of Securities Held: 76990800 SAN BERNARDINO COUNTY MONTH ENDED. February 29,2000 (Excluding Cash/MoneyFund) ' SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE CERT OF DEPOSIT BANK OF BOSTON CERT DEPOS RE0056573 A-I 15,000,000 5 920 3/3/2000 9/3/1999 15,000,000 00 5 92 444,000 00 15,000,000 00 14,999,865.00 BANK OF AMERICA CERT DEPOS 06050EBW4 A-I 10,000,000 5 970 3/20/2000 10/6/1999 10,000,000.00 5 97 243,775 00 10,000,000.00 9,999,880 00 MORGAN GUARANTY CERT DEPOS 61736FSS9 A-1+ 10,000,000 6 080 3/22/2000 10/21/1999 10,000,000 00 6 08 222,933.33 10,000,000 00 10,000,610 00 NATIONAL BANK OF CANADA(NY) CERT, 63306VJS0 A-I 15,000,000 5 875 4/7/2000 11/10/1999 15,000,606 12 587 274,166.67 15,000,150 45 14,998,395 00 BANK ONE CORP CERT DEPOS 06422XCM4 A-1 25,000,000 6 000 4/17/2000 10/21/1999 25,001,207 10 5 99 550,000 00 25,000,317 00 24,998,850 00 FLEET BANK NA CERT DEPOS 3390H6FC9 A-I 25,000,000 6 050 4/24/2000 10/27/1999 25,000,000 00 6 05 529,375 00 25,000,000 00 24,999,825 00 MORGAN GUARANTY CERT DEPOS 61736FSP5 A-I+ 15,000,000 6 070 4/24/2000 10/21/1999 15,000,000 00 6.07 333,850 00 15,000,000 00 15,000,195 Oil, TORONTO DOMINION CERT DEPOS PP4QOCUI9 A-I+ 15,000,000 5 130 4/28/2000 4/29/1999 14,991,331 16 5 19 656,212 50 14,998,622 55 14,973,855.00 ABNAMRO CERT DEPOS 00077XB38 A-I+ 15,000,000 5 940 5/1/2000 12/1/1999 15,000,617 85 5 93 225,225 00 15,000,247.95 14,997,360 00 BANK OF AMERICA CORP CERT DEPOS 06050EFD2 A-1 10,000,000 6 000 5/11/2000 12/16/1999 10,000,000 00 6 00 126,666 67 10,000,000 00 9,998,770 00 1ST UNION NATL CERT DEPOS 33738TJH0 A-1 18,500,000 5 850 5/22/2000 12/17/1999 18,474,669 21 6 06 568,181 25 18,486,769 91 18,484,978 00 ABNAMROCERTDEPOS 00077X620 A-I+ 10,000,000 5940 6/1/2000 12/1/1999 10,000,49346 5.93 150,150 00 10,000,248 10 9,994,820 00 TORONTO DOMINION CERT DEPOS 891121 V Y9 A-1+ 10,000,000 6 035 6{7/2000 2/22/2000 10,000,000 00 6 04 13,411 I I 10,000,000 00 9,998,940 00 SOCIETE GENERALE CERT DEPOS 83365UQ76 A-I+ 10,000,000 6 120 7/6/2000 1/14/2000 9,999,139 20 6 13 93,500.00 9,999,371 70 9,997,670 00 RABOBANK(NY)CERT DEPOS 74977DJD8 A-I+ 20,000,000 5 640 7/20/2000 7/20/1999 19,990,389 30 5 69 705,000 00 19,996,297 60 19,943,200 00 BANK OF AMERICA CERT DEPOS 06050EAX3 A-1 10,000,000 5.970 8/10/2000 8/12/1999 10,000,000 00 5 97 334,983 33 10,000,000 00 9,980,440 00 233,500,000 233,458,453 40 5 92 5,471,429 86 233,482,025 26 233,367,653 00 COMMERCIAL PAPER ALLSTATE CORP COMM PAPER 02000JC 10 A-I 30,000,000 3/1/2000 2/29/2000 29,995,141 67 5 83 0 00 30,000,000 00 29,995,170 00 MERRILL LYNCH&CO INC COMM PAPER 59018JC28 A-l+ 15,000,000 3/2/2000 2/29/2000 14,995,150 00 5 82 0 00 14,997,574 95 14,995,155 00 MERRILL LYNCH&CO INC COMM PAPER 59018JC36 A-I+ 14,000,000 3/3/2000 2/29/2000 13,993,210 00 5 82 0 00 13,995,473 38 13,993,224 00 NIKE INC COMM PAPER 6541D2C30 A-1 10,000,000 3/3/2000 11/10/1999 9,816,333 33 591 000 9,996,777 80 9,995,16000 GENERAL ELECTRIC CAPITAL CORP COMM 36959HC70 A-I+ 10,000,000 3/7/2000 11/3/1999 9,794,444 45 6 04 0.00 9,990,133 30 9,988,720 O. GENERAL ELECTRIC CAPITAL CORP COMM 36959HC96 A-I+ 10,000,000 3/9/2000 11/2/1999 9,789,511 I I 6 05 0 00 9,986,844.40 9,985,500 00 GENERAL ELECTRIC CAPITAL CORP COMM 36959HCA3 A-1+ 5,000,000 3/10/2000 11/8/1999 4,900,575.00 5 94 0.00 4,992,725 00 4,991,945.00 GOLDMAN SACHS GROUP,LP COMM 38142TCF0 A-1+ 12,500,000 3/15/2000 10/27/1999 12,211,250 0(1 6 08 0 00 12,471,125 00 12,469,812 50 GOLDMAN SACHS GROUP,LP COMM 38142TCG8 A-1+ 10,000,000 3/16/2000 10/20/1999 9,756,211 I I 6 08 0 00 9,975,291 70 9,974,240 00 GOLDMAN SACHS GROUP,LP COMM 38142TCP8 A-1+ 12,500,000 3/23/2000 10/27/1999 12,194,750 00 609 0.00 12,454,625 00 12,453,775 00 GENERAL ELECTRIC CAPITAL CORP COMM 36959HCT2 A-I+ 10,000,000 3/27/2000 11/8/1999 9,776,000 00 5 89 0 00 9,958,400 00 9,956,610 00 LUCENT TECHNOLOGIES COMM PAPER 549461CV2 A-I 15,000,000 3/29/2000 11/16/1999 14,680,075 00 5 85 0.00 14,933,149 95 14,930,130 00 GENERAL ELECTRIC CAPITAL CORP COMM 36959HCW5 A-1+ 10,000,000 3/30/2000 11/8/1999 9,771,200.00 5 89 0.00 9,953,600 00 9,951,820 00 GENERAL ELECTRIC CAPITAL CORP COMM 36959HD38 A-I+ 10,000,000 4/3/2000 I(/10/1999 9,769,208 33 5 87 0.00 9,947,475 00 9,945,330 00 eta' oSecurities a d: 76990800 SAN BERNARDINO COUNTY MONTH ENDED: February 29,2000 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE GENERAL ELECTRIC CAPITAL CORP COMM 36959HDC8 A-I+ 10,000,000 4/12/2000 11/16/1999 9,761,966 67 5 93 0.00 9,932,450 00 9,930,410.00 BANK OF AMERICA CORP COMM PAPER 0660PODR 1 A-1 10,000,000 4/25/2000 12/16/1999 9,783,486 11 6 08 0 00 9,909,097 20 9,908,510 00 BEAR STEARNS CO INC COMM PAPER 07389ACT8 A-I 5,000,000 4/27/2000 12/1/1999 4,880,366 67 5 96 0 00 4,953,925 00 4,952,555 00 BEAR STEARNS CO INC COMM PAPER 07389AE41 A-I 5,000,000 5/4/2000 12/1/1999 4,874,708 33 5 97 0 00 4,948,266 65 4,946,690 00 GENERAL ELECTRIC CAPITAL CORP COMM 36959HE45 A-1+ 15,000,000 5/4/2000 I I/9/1999 14,578,887 50 5.87 0 00 14,847,733 35 14,840,070 00 MERRILL LYNCH&CO INC COMM PAPER 59018JEP5 A-I+ 10,000,000 5/23/2000 2/25/2000 9,855,288 89 6 01 0 00 9,863,511 10 9,861,800 00 MERRILL LYNCH&CO INC COMM PAPER 59018JEWO A-I+ 10,000,000 5/30/2000 2/22/2000 9,838,844 40 6 02 0 00 9,851,999.96 9,895,040 00 BEAR STEARNS CO INC COMM PAPER 07389AF I6 A-I 15,000,000 6/1/2000 2/29/2000 14,769,050 00 6.05 0 00 14,771,533 35 14,770,140 0� BEAR STEARNS CO INC COMM PAPER 07389AF57 A-1 7,500,000 6/5/2000 1/31/2000 7,344,862.50 6.03 0 00 7,381,800 00 7,380,015 0 BEAR STEARNS CO INC.COMM PAPER 07389AF73 A-I 7,500,000 6/7/2000 1/20/2000 7,329,145.83 6 04 0.00 7,379,541 67 7,377,487 50 BANK OF AMERICA CORP COMM PAPER 0660P0F99 A-1 9,000,000 6/9/2000 2/28/2000 8,848,530 00 6 04 0 00 8,851,500 00 8,849,943 00 MONSANTO CO COMM PAPER 61 I66AFD6 A-I 5,761,000 6/13/2000 2/18/2000 5,650,548 83 . 6 07 000 5,661,974 80 5,661,052 41 BEAR STEARNS CO INC COMM PAPER 07389AFE8 A-1 7,500,000 6/14/2000 1/20/2000 7,320,541.67 6 04 0 00 7,370,937 52 7,368,615.00 • BEAR STEARNS CO INC COMM PAPER 07389AFN8 A-1 5,000,000 6/22/2000 1/20/2000 4,873,80556 6.05 000 4,907,40280 4,905,630 00 MONSANTO CO COMM PAPER 61166AFU8 A-I 6,000,000 6/28/2000 1/28/2000 5,850,533 33 605 0.00 5,882,983.32 5,880,63600 BEAR STEARNS CO INC COMM PAPER 07389AGB3 A-I 10,000,000 7/11/2000 1/13/2000 9,702,50000 613 000 9,781,833 30 9,778,88000 312,261,000 306,706,126 29 5 96 0 00 309,949,685 50 309,934,065 41 FED AGY BOND/NOTE - 1 FHLB NOTES 3133M3F83 AAA 3,500,000 5 590 3/27/2000 3/19/1999 3,514,070 00 5 18 83,694 72 3,501,01 I 11 3,497,812 50 FHLB NOTES 3133M73M6 AAA 6,500,000 5 015 4/3/2000 1/8/1999 6,505,390 29 4.94 55,234 65 6,500,371 28 6,491,875 00 FHLB NOTES 3133M4P56 AAA 11,450,000 5 705 6/12/2000 12/23/1998 11,566,446 50 4 98 143,346 05 11,472,807 71 11,432,109 37 FNMA NOTES(CALLABLE) 3I364FW80 AAA 10,000,000 5 750 7/7/2000 3/17/1999 10,017,968 75 5 60 86,250 00 10,000,000 00 9,975,680 00 FNMA NOTES 31364F2M2 AAA 9,325,000 5 560 7/24/2000 3/24/1999 9,372,930 50 5 15 53,287 19 9,339,801 57 9,291,989 50 FNMA NOTES 31364G4N6 AAA 10,000,000 5 620 8/9/2000 8/9/1999 9,984,200 0(1 5 78 34,344 44 9,992,969.00 9,962,620 00 FNMA NOTES 31364F4V0 AAA 15,000,000 5 490 8/18/2000 4/29/1999 15,067,800.00 5 12 29,737 50 15,025,077 90 14,931,360 0. FNMA NOTES 31364F5Y3 AAA 10,000,000 5.440 9/1/2000 11/20/1998 10,080,870 00 4 96 272,000.00 10,023,660 00 9,947,590 00 FHLB NOTES 31339I6L3 AAA 10,910,000 6 165 9/18/2000 12/23/1998 11,119,799 30 499 304,539.01 10,978,345.80 10,903,181 25 FFCB NOTES 31331 R6R I AAA 25,000,000 5 550 9/28/2000 7/1/1999 24,993,500 00 5 55 925,000.00 24,998,696 25 24,858,450 00 FFCB NOTES 31331 R6RI AAA 50,000,000 5 550 9/28/2000 7/1/1999 49,987,000 00 5 55 1,850,000 00 49,997,392 50 49,716,900 00 FHLMC NOTES 3134A3UC8 AAA 25,000,000 5 545 9/28/2000 7/1/1999 24,997,000 00 5 55 589,156 25 24,999,712 50 24,898,437 50 FHLMC NOTES 3I34A3UC8 AAA 50,000,000 5 545 9/28/2000 7/1/1999 49,994,000.00 5.55 1,178,312.50 49,999,425 00 49,796,875.00 FHLB NOTES(CALLABLE) 3I33M5QQ6 AAA 10,000,000 5 310 9/29/2000 9/29/1998 10,000,000 00 5 31 224,200 00 10,000,000 00 9,943,750 00 FNMA MTN 31364GCS6 AAA 9,500,000 4 450 10/16/2000 4/29/1999 9,402,031 25 5 19 158,531.25 9,457,430 50 9,378,637 50 FNMA NOTES 31364GHX0 AAA 17,000,000 4 840 11/27/2000 12/16/1998 16,989,709 90 4 87 214,842 22 16,996,230 93 16,785,273 00 etas uSecurities Held: 76990800 SAN BERNARDINO COUNTY MONTH ENDED: February 29,2000 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FNMA NOTES 3I364GKS7 AAA 40,000,000 4 720 12/11/2000 12/11/1998 39,842,000 00 4 93 419,555 56 39,936,840 00 39,432,840 00 FNMA NOTES 31364FKE0 AAA 6,500,000 5.900 12/19/2000 2/5/1999 6,593,600 00 5 08 76,700.00 6,541,197 00 6,463,580 50 FHLB NOTES 3133M6ZU5 AAA 20,000,000 4 885 12/28/2000 12/28/1998 19,994,800 00 4.90 170,975 00 19,997,802 00 19,756,250 00 FNMA NOTES(CALLABLE) 31364GSZ3 AAA 3,000,000 5 150 2/9/2001 4/19/1999 2,986,875 00 5.40 9,441 67 2,993,152.26 2,961,114 00 FHLMC DEBENTURES(CALLABLE) 3134A38B I AAA 20,000,000 5 375 3/1/2001 3/29/1999 19,975,000 00 5 44 537,500 00 19,987,360 00 19,787,500 00 FHLB GLOBAL NOTES 3133M7XP6 AAA 10,000,000 •5 375 3/2/2001 12/30/1999 9,887,100 00 6 38 267,256 94 9,903,717 60 9,893,750 00 FHLB GLOBAL BONDS 3I33M3D28 AAA 5,700,000 5 625 3/19/2001 12/30/1999 5,649,555 00 6.38 144,281 25 5,656,742 24 5,653,687 50 FNMA NOTES 31364CBM9 AAA 14,000,000 6 450 4/23/2001 4/22/1999 14,325,640 00 5.21 321,066 67 14,189,988.68 13,972,182 000 FHLB NOTES 3133M8M84 AAA 11,000,000 5 195 4/27/2001 4/27/1999 10,988,654 21 5 25 196,832 78 10,993,308 37 10,835,000 0 FHLB NOTES 3133M45U3 AAA 4,605,000 5 750 4/30/2001 12/30/1999 4,567,146 90 6 39 88,998 02 4,571,985 46 4,563,267 19 FHLB NOTES 3133M8T6I AAA 5,000,000 5 385 5/17/2001 5/17/1999 4,987,650.00 5 52 77,783 33 4,992,371.45 4,929,687 50 FNMA NOTES 31364CHN 1 AAA 28,425,000 6 670 8/1/2001 10/15/1998 29,789,400 00 4 81 157,995.63 29,140,338 71 28,409,053 57 FHLB TAP NOTES 3133M9F49 AAA 25,000,000 5 875 8/15/2001 1/31/2000 24,687,500 00 6 73 65,277 78 24,709,325 50 24,710,937.50 FNMA NOTES(CALLABLE) 31364F4X6 AAA 10,000,000 5 780 8/20/2001 10/22/1998 10,062,000 00 5 54 17,661 11 10,000,000 00 9,867,630 00 FHLB NOTES 3I33M5H45 AAA 4,500,000 5 575 8/28/2001 10/15/1998 4,594,921 88 4 78 2,090 63 4,551,097 81 4,426,875 00 FNMA NOTES(CALLABLE) 31364GAP4 AAA 10,000,000 5.450 9/24/2001 9/25/1998 10,000,000 00 5 45 237,680 56 10,000,000 00 9,809,790 00 FNMA NOTES(CALLABLE) 31 364GAP4 AAA 10,000,000 5 450 9/24/2001 9/25/1998 10,000,000 00 5 45 237,680 56 10,000,000 00 9,809,790 00 FNMA NOTES(CALLABLE) 31364GAP4 AAA 10,000,000 5 450 9/24/2001 9/25/1998 10,000,000 00 5 45 237,680.56 10,000,000 00 9,809,790 00 FHLB NOTES 3133M5XY I AAA 17,500,000 4 630 10/9/2001 10/15/1998 17,428,600.00 4 78 319,598.61 17,460,431 10 16,936,718 75 FNMA NOTES(CALLABLE) 31364GE47 AAA 12,000,000 5 500 10/12/2001 4/19/1999 11,985,000 00 5 55 254,833 33 11,990,134 56 11,770,632 00 FHLB NOTES(CALLABLE) 3133M5XE5 AAA 20,000,000 5 140 10/22/2001 10/22/1998 20,000,000 00 5 14 368,366 67 20,000,000 00 19,493,750 00 FHLB NOTES(CALLABLE) 3133M5YQ7 AAA 20,000,000 5 280 10/26/2001 10/26/1998 20,000,000 00 5.28 366,666 67 20,000,000.00 19,531,250 00 FHLB TAPS NOTES 3133MABE8 AAA 10,000,000 6 000 11/15/2001 12/16/1999 9,924,800.00 6 42 176,666 67 9,932,873 80 9,871,875 00 FHLB NOTES 3133M6PF9 AAA 10,000,000 4 955 11/20/2001 11/20/1998 9,996,875 00 4 97 139,015 28 9,998,156.20 9,703,125.0 FHLB NOTES 3133M6PF9 AAA 10,000,000 4 955 11/20/2001 12/24/1998 9,968,700 00 5.07 139,015.28 9,981,234 60 9,703,125 0 FHLB GLOBAL NOTES 3133M7DR4 AAA 20,000,000 4.875 1/22/2002 10/7/1999 19,412,366 00 6.27 105,625 00 19,510,894 40 19,306,250 00 FFCB NOTES 31331 HP27 AAA 20,000,000 6.625 2/1/2002 1/24/2000 19,947,000 00 6 77 110,416 67 19,949,946 60 19,912,500 00 FHLB NOTES 3133M7K88 AAA 9,700,000 5 015 2/11/2002 4/21/1999 9,628,026 00 5 30 27,025 28 9,649,556 79 9,375,656 25 FHLB NOTES 3133M7LY0 AAA 5,500,000 5 070 2/11/2002 12/16/1999 5,343,745 00 6.50 15,491 67 5,358,427 58 5,321,250 00 FHLB TAP NOTES 3133MAT74 AAA 10,000,000 6 750 2/15/2002 2/22/2000 9,953,900 00 7.00 41,250 00 9,954,475 40 9,978,125 00 FHLB NOTES 3133M7TT3 AAA 5,000,000 5 240 2/25/2002 5/3/1999 4,977,650 00 5 41 4,366.67 4,984,182.65 4,850,000 00 FHLB GLOBAL NOTES 3133M7VB9 AAA 15,000,000 5 125 2/26/2002 1/31/2000 14,500,800 00 6 87 10,677.08 14,523,062 10 14,517,187 50 FHLB NOTES 3133M84A9 AAA 5,000,000 5 505 3/15/2002 5/3/1999 5,012,050 00 5 41 126,920 83 5,009,016 00 4,870,312 50 FNMA NOTES 31364CZY7 AAA 10,000,000 6 670 3/27/2002 11/19/1998 10,496,900.00 5 04 285,327 78 10,317,020 00 9,953,700 00 etail oSecurities Held: 76990800 SAN BERNARDINO COUNTY MONTH ENDED: February 29,2000 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FNMA NOTES 3I364CG93 AAA 8,362,000 6 820 4/29/2002 11/12/1998 8,830,272.00 5 04 193,264 40 8,663,521 42 8,341,864 30 FFCB DESIGNATED BONDS 31331 HWTO AAA 5,000,000 5.250 5/1/2002 12/3/1999 4,871,550 00 6 41 87,500.00 4,883,914 60 4,835,937 50 FHLMC REFERENCE NOTES 3I34A3RE8 AAA 10,000,000 5 500 5/15/2002 12/3/1999 9,794,845 66 6 42 161,944 44 9,814,218 90 9,715,625 00 FHLMC REFERENCE NOTES 3I34A3RE8 AAA 10,000,000 5.500 5/15/2002 12/29/1999 9,762,600 00 6 59 161,944.44 9,779,016 30 9,715,625 00 FHLB NOTES 3133M8SU9 AAA 10,000,000 5.435 5/17/2002 12/29/1999 9,743,560 24 6 61 157,011 II 9,761,207 70 9,700,000 00 FHLB TAP NOTES 3I33M9FE7 AAA 25,000,000 6 000 8/15/2002 10/20/1999 24,719,017 83 6 43 66,666 67 24,757,192 75 24,484,375 00 FNMA NOTES(CALLABLE) 3I364FAR2 AAA 9,465,000 6 540 9/18/2002 10/16/1998 9,717,999.45 5 77 280,274 43 9,539,590 82 9,321,974 38 FNMA NOTES 3135866A2 AAA 18,000,000 6 800 1/10/2003 10/28/1998 19,316,880 00 4 85 173,400 00 18,925,523 10 17,921,250 0 FHLB NOTES 3133M22B2 AAA 4,275,000 5 500 1/21/2003 2/7/2000 4,094,766 00 7 1 I 26,125.00 4,098,505 89 4,113,351 5� FHLB NOTES 3133M23D7 AAA 6,250,000 5.610 1/23/2003 2/7/2000 6,001,125 00 7 12 37,010.42 6,006,276 50 6,029,296 87 FNMA NOTES(CALLABLE) 31364FY54 AAA 10,900,000 6.010 7/17/2003 10/22/1998 11,074,570 31 5 62 80,066 56 10,939,398 92 10,515,775 00 FHLB NOTES(CALLABLE) 3133M5HN3 AAA 10,000,000 5 910 9/8/2003 10/23/1998 10,150,000 00 5 55 284,008.33 10,043,146 90 9,621,875.00 FHLMC NOTES(CALLABLE) 3134A2RW0 AAA 10,000,000 5 750 9/18/2003 9/18/1998 10,000,000 00 575 260,347 22 10,000,00000 9,571,875 00 . FHLMC NOTES(CALLABLE) 3134A2RW0 AAA 10,000,000 5 750 9/18/2003 9/18/1998 10,000,000 00 5 75 260,347.22 10,000,000 00 9,571,875 00 FFCB NOTES(CALLABLE) 31331 RB46 AAA 10,000,000 5 750 9/29/2003 9/29/1998 10,000,000 00 5 75 242,777 78 10,000,000 00 9,559,210 00 FFCB NOTES(CALLABLE) 31331 RB46 AAA 10,000,000 5.750 9/29/2003 9/29/1998 10,000,000 00 5 75 242,777.78 10,000,000 00 9,559,210 00 ' FNMA NOTES(CALLABLE) 31364GDN6 AAA 6,700,000 5 530 10/22/2003 11/10/1999 6,444,998 00 6 64 132,766 08 6,462,869 78 6,351,667 00 FHLMC NOTES(CALLABLE) 3134A2ZQ4 AAA 10,000,000 5 580 12/10/2003 11/10/1999 9,618,700 00 6 66 125,550.00 9,644,832 00 9,484,375 00 FHLB NOTES(CALLABLE) 3133M5VY3 AAA 6,550,000 5 635 4/19/2004 11/10/1999 6,287,345 00 6 69 135,333 92 6,303,472 73 6,187,703 12 901,117,000 901,529,200 97 5 60 15,069,313 12 899,690,25912 886,603,587 11 MONEY MARKET FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 10,000,000 2/18/2000 10,000,000 00 0 00 0 00 10,000,000.00 10,000,000.00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 20,000,000 2/29/2000 20,000,000 00 0 00 0 00 20,000,000 00 20,000,000 00 30,000,000 30,000,000 00 0.00 0 00 30,000,000 00 30,000,000 00 REPO AGREEMENT • BANK OF AMERICA CORP REPO AGRMT RE0065798 A-I 100,000,000 5 900 3/1/2000 2/29/2000 100,000,000 00 5.90 16,388 89 100,000,000.00 100,000,000 00 100,000,000 100,000,000 00 5 90 16,388 89 /00,000,000 00 100,000,000 00 TREPOAGRMT MORGAN STNLY GRP INC TRIPARTY REPO RE0065780 A-I 216,000,000 6018 3/1/2000 2/29/2000 216,000,00000 602 36,10500 216,000,00000 216,000,64800 216,000,000 216,000,000 00 6.02 36,105 00 2/6,000,000 00 2/6,000,648 00 US TSY BOND/NOTE US TREASURY NOTES 9I28272P6 AAA 10,000,000 6625 3/31/2002 5/20/1999 10,292,187.50 550 276,946.72 10,217,47640 10,009,37500 10,000,000 10,292,187.50 5 50 276,946 72 10,217,476 40 10,009,375 00 TOTAL SECURITIES 1,802,878,000 1,797,985,968.16 5.68% 20,870,183.59 1,799,339,446.38 1,785,915,328.52 110 F�S, COUNTY OF LOS ANGELES '`°''• 11 TREASURER AND TAX COLLECTOR . '' 'k a Kenneth Hahn Hall of Administration • C4UfORO. • 500 West Temple Street, Room 462 P O. Box 4917 MARK J. SALADINO Los Angeles, CA 90012 TREASURER AND TAX COLLECTOR Telephone (213)974-2095 Fax: (213)626-1701 March 23, 2000 Mr. Stan McCartney 7.1 City Treasurer City of Chino Hills 2001 Grand Avenue ;;. MAR 2 3 Chino Hills, CA 91709 i Dear Mr. McCartney: REPORT OF INVESTMENTS FOR FEBRUARY 2000 The attachments show investment transactions entered into by the County Treasurer and summarize key portfolio data for the month of February 2000. During the month of February 2000, the City of Chino Hills had an average daily balance of $43,461,052.27 on deposit with the Treasurer of Los Angeles County. The total earnings on funds deposited were $203,131.96. This is comprised of net cash distributed of $175,914.01, management fee of $2,035.76 and undistributed earnings of $519,183.38. On an annualized basis, the accrued earnings rate for the month is 5.88%. Detail information as to the Management Fee, Undistributed Earnings and Average Daily Balance are provided in the Recap of Earnings (Attachment I). Transactions for the month are reported in the General Ledger Activity Report (Attachment II). A summary report and a detailed listing of the Pooled Surplus Investment Fund are included. These reports are excerpts from our monthly Report of Investments submitted to our Board of Supervisors. If you have any questions or require additional information, please call Dita See of my staff at (213) 974-2095. Very truly yours, MARK J. SALADINO Treasurer and Tax Collector MJS:DS:tf Attachments STATE OF•CALIFORNIA PHILIP ANGELIDES, Treasurer OFFICE OF THE TREASURER SACRAMENTO --"- _ -'_=�1 Local Agency Investment Fund ; PO Box 942809 !' 1? • Sacramento, CA 94209-0001 j l a' (916) 653-3001 February, 2000 Statement :F. - ° n CITY OF CHINO HILLS Account Number : 98-36-151 Attn: FINANCE DIRECTOR 2001 GRAND AVENUE CHINO HILLS CA 91709 Account Summary Total Deposit : 0.00 Beginning Balance : 18,882,954.97 Total Withdrawal : 0.00 Ending Balance : 18,882,954.97 Page : 1 of 1 • • • LAI F AN EWS I F -• .,I •11 LOCAL AGENCY INVESTMENT FUND SUMMARY OF ACTIVITY - - - FEBRUARY 2000 BEGINNING BALANCE DEPOSITS WITHDRAWALS - MONTH END BALANCE $13,007,259,474.70 $1,365,180,000.00 $1,525,418,209.56 $12,847,021,265.14 - POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF FEBRUARY 2000 WITH FEBRUARY 1999 (Dollars in Thousands) February 2000 February 1999 Change Average Daily Portfolio $36,715,896 $35,739,579 +$976,317 Effective Yield - 5.824 5.210- - +.614 Average Life-Month End (in days) 201 - 198 - +3 2000 LAIF CONFERENCE C) Mark your calendars for the most exciting Y2-K event still to come. The LAIF annual conference will be held Friday, October 20, 2000 at the Sacramento Convention Center. LAIF is looking forward to hosting another exciting event with excellent guest speakers and an opportunity to share valuable information. CALIFORNIA'S CREDIT RATING UPGRADED Fitch IBCA, Inc. upgraded California's General Obligation Credit Rating from AA- to AA on February 16, 2000. These rating actions are the second and third improvements in California's credit standing within a year. If you would like more information on California's ratings, please see the "credit ratings" button on the Treasurer's website. State Treasurer Philip Angelides Phone (916) 653-3001 Local Agency Investment Fund Fax (916) 654-9931 P.O. Box 942809, Sacramento, CA 94209-0001 http://www.treasurer.ca.gov 11, • State of California Pooled Money Investment Account Market Valuation 2/29/00 Carrying Cost.Plus •� - - Description Accrued Interest Purch. Fair Value. "—Accrued Interest United States Treasury: Bills $ 1,278,959,673.69 $ 1,296,140,030.60 NA Notes $ 2,148,030,972.63 $ 2,130,613,500.00 $ 28,578,821.50 Federal Agency: Bonds $ 2,676,022,900.78 $ 2,660,265,638.55 $ 35,838,314.85 Floaters $ 100,000,000.00 $ 100,000,000.00 $ 379,340.00 MBS $ 445,381,842.62 $ 420,029,842 28 $ 2,414,333.53 GNMA $ 1,392,253.12 $ 1,553,694.73 $ 13,726 97 SBA $ 279,918,401.31 $ 278,877,909.27 $ 2,516,875.50 FHLMC PC $ 13,657,834 24 $ 14,123,481.97 $ 219,512.21 Discount Notes $ 5,146,850,216 39 $ 5,236,368,591.24 NA Bankers Acceptances $ - $ - NA Corporate: Bonds $ 1,146,156,780.89 $ 1,134,429,350.95 $ 22,228,657.53 Floaters $ 1,344,457,402.36 $ 1,348,859,622.50 $ 9,307,354.30 CDs $ 5,627,956,866.09 $ 5,619,603,994.84 $ 102,216,582.76 Bank Notes $ 1,890,013,744.49 $ 1,887,880,291.20 $ 40,536,669.44 Repurchase Agreements $ - $ - NA Time Deposits $ 3,015,395,000.00 $ 3,015,395,000.00 NA AB 55& GF Loans $ 2,056,598,670.79 $ 2,056,598,670.79 NA Commercial Paper $ 7,895,559,796.46 $ 7,963,224,446.17 NA Reverse Repurchase $ (257,869,092.00) $ (257,869,092.00) $ (856,235.97) TOTAL $ 34,808,483,263.86 $ 34,906,094,973.09 $ 243,393,952.62 Fair Value Including Accrued Interest $ 35,149,488,925.71 Repurchase Agreements, Time Deposits, AB 55& General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost).