04 Staff Report - Treasurer's Report February and March 2006MEETING DATE: 05/15/06
°w N 0 ITEM NO.
COUNCIL AGENDA REPORT
!ps G AjpS
DATE: May 10, 2006
TO: MAYOR AND TOWN COUNCIL
FROM: LINDA LUBECK, TOWN TREASURER
SUBJECT: TREASURER'S REPORTS FOR FEBRUARY AND MARCH, 2006
RECOMMENDATION:
Accept reports as attached.
DISCUSSION:
Attached for your review and acceptance are the Treasurer's reports for February and March, 2006.
Prime increased to 7.75% on May 10, 2006. Treasurer's funds remained fairly constant during this
two month period. Interest rates continued to rise slightly, as did the Town's overall performance.
The cash at Union Bank is being reinvested into the market during the month of May, with the
advice of MBIA.
ENVIRONMENTAL ASSESSMENT:
Is not a project defined under CEQA, and no further action is required.
FISCAL IMPACT: None
Attachments: Treasurer's reports dated May 10, 2006.
PREPARED BY Linda L. Lubeck, Town Treasurer
Reviewed by: own Manager 14,Assistant Town Manager Town Attorney
C1erk_ainance Community Development Revised: 5/11/06 8:44 am
Distribution: Town Council; Town Manager; Finance Director
Reformatted: 5/30/02
Meeting date: May 15, 2006
Item No:
Town of Los Gatos
Treasurer's Report
for the month ended
March 31, 2006
Submitted May 10, 2006
by
Linda L. Lubeck
Distribution: Town Clerk
Town Manager
Town Council
Town of Los Gatos
Summary Investment Information
March 31, 2006
Weighted Average Portfolio Yield:
3.65%
Weighted Average Maturity (days) 248
This Month
Last Month
One year ago
Portfolio Balance
$60,613,879
$60,889,095
$52,810,947
Benchmarks/ References:
Town's Average Yield
3.65%
3.56%
2.60%
LAIF Yield for month
4.14%
4.04%
2.26%
3 mo. Treasury
4.61%
4.63%
2.37%
6 mo. Treasury
4.78%
4.75%
2.68%
2 yr. Treasury
4.73%
4.69%
3.25%
5 yr. Treasury (most recent)
4.79%
.4.62%
3.73%
Prime rate
7.75%
7.50%
5.25%
Most recent: auctions of
Freddie Mac or Fannie Mae Reference Notes:
3 yr. Fannie Mae (03/17/06) 5.00%
2 yr. Freddie Mac (03/09/06) 4.66%
Compliance: The Town's investments are in compliance with the Town's investment policy dated August 9, 2005 and also in
compliance with the requirements of Section 53601 of the California State Code. Based on the information available, the Town has
sufficient funds to meet the cash demands for the next six months.
Page 1
Town of Los Gatos
Portfolio Allocation & Treasurer's Fund Balances
March 31, 2006
Month
YTD
Fund Balances - Beginning of Month/Period
$60,889,095.37
$57,531,241.44
Receipts
2,527,817.87
30,367,905.01
Disbursements
(2,803,034.53)
(27,285,267.74)
Fund Balances - End of Month/Period
$60,613,878.71
$60,613,878.71
Portfolio Allocation:
Union MM 7,221,390.16
US Govt Agencies 31,326,490.32
Local Agency Investment Fund 18.672.180.70
Subtotal - Investments 57,220,061.18
Reconciled Demand Deposit Balances 3,393,817.53
Total Treasurer's Fund $60,613,878.71
I
Portfolio Investment Allocation
Union MM
Local Agency Investment Fund 12.6%
32.6%
US Govt Agencies
54.7%
Treasurer's Fund Balances
$62,000,000
$61,000,000
$60,000,000
$59,000,000
$58,000,000 } ` `9
$57,000,000
$56,000,000
$55,000,000 z
$54,000,000
$53,000,000 7
$52,000,000 rg x
$51,000,000
$50,000,000
0 0 0 0 0 0 0 0 0 0 0 0 0
page 2
Town of Los Gatos
Non-Treasury Restricted Fund Balances
March 31, 2006
Previous
Ending
Balance Deposits
Interest
Withdrawals
Balance
Non-Treasury Funds:
Downtown Parking District 12/20102
244,029.42
487.79
244,517.21
Note 1
Certificates of Participation Reserve Fund (Lot 4)
258,303.20
773.70
259,076.90
Note 2
Cert. of Participation Lease Payment Fund (Lot 4)
89.737.89
268.79
90,006.68
Note 3
Celt. of Participation 2002 Series A Const. Fund
1,300.640.64
1.37
0.04
1,300,641.97
Note 4
Cert. of Participation 2002 Series A Reserve Fund
752,707.42
208.08
20.49
752.895.01
Note 4
Cert. Of Participation 2002 Series A Interest Fund
297.00
0.78
0.01
297.77
Cert. Of Participation 2002 Series A COI Fund
0.00
0.00
0.00
0.00
Note 4
Total Restricted Funds:
$2,645,715.57 $0.00
$11740.51
$20.54
$2,647,435.54
These accounts are not part of the Treasurers fund balances reported elsewhere in this report, as they are for separate and distinct
entities.
Note 1: This account include redemption accounts set up for the repayment of interest and principal on outstanding
bond coupons for Parking Assessment District 'T, as well as Reserve Funds set up as required by the original Bond resolution.
Note 2: The reserve fund was a requirement of the original certificates of participation agreement when Lot 4 was built. It helps
to guarantee payment of the lease payments should the Town not make payment.
Note 3: The lease payment fund receives the lease payments from the Town monthly for the lease of Lot 4. It holds the funds until
payments on the certificates of participation are due semi-annually.
Note 4: The three funds for the Certificates of Participation 2002 Series A consist of construction funds which will be expended over the
next few years, reserve funds which will guarantee the payment of lease payments, and a third fund for the disbursement of lease payments
and initial delivery costs.
Page 3
Town of Los Gatos
Statement of Interest Earned
March 31, 2006
Current
Fiscal
Month
Year to Date
Interest received from Investments
72,092.95
1,207,804.48
Add: Interest accrued at end of period (see page 5)
158,155.76
158,155.76
Less: Interest accrued at beginning of period
(54,071.25)
(33,323.60)
Interest earned on investments
$176,177.46
$1,332,636.64
Page 4
Town of Los Gatos
Inactive Deposits by Institution
Market to Cost Position Report
March 31, 2006
Inactive Deposits by Institution
Deposit
Amortized
Maturity
Days
Days to
Days
Yield to
Interest
Interest
Interest
Dep Institution
Security
Date
Cost
Date
Elaosed
Maturity
Invested
Maturity
Earned
Received
Accrued
928 FNMA
Coupon Note
08/26/03
895,320.00
0428/06
948
28
976
2.83%
65,752.33
51,319.30
14,433.03
933 FHLB
Coupon Note
08/18/04
996,420.00
05/15/06
590
45
635
2.46%
39,625.80
27,937.50
11,688.30
920 FNMA
Coupon Note.
06/22/01
2,001,740.00
06115/06
1743
76
1819
5.23%
499,955.46
470,484.30
29,471.16
939 FFCB
Coupon Note
03/16/05
498,560.00
12/11/06
380
255
635
3.80%
19,723.85
13,342.01
6,381.84
934 FNMA
Coupon Note
08/18104
1,491,000.00
01/12107
590
287
877
3.06%
73,760.49
58,800.00
14,960.49
940 FHLB
Coupon Note
03/16/05
543 228.45
02/09/07
380
315
695
3.93%
22 226.23
13,743.65
8,482.58
929 FNMA
Coupon Note
02/09/04
2,000,000.00
05/09/07
781
404
1185
3.00%
128,38356
120,000.00
8,383.56
942 FHLB
Coupon Note
05116105
999,000.00
05116/07
319
411
730
4.04%
35,299.38
19,950.00
15,349.38
943 FNMA
Coupon Note
07/01/05
749,032.50
05117/07
273
412
685
3.82%
21,372.98
10,625.00
10,747.98
946 FHLMC
Discount Note
08/15/05
1,500,000.00
11/15/07
228
594
822
450%
42,126.90
33,750.00
8,376.90
930 FHLMC
Coupon Note
0224/04
2,505,250.00
0824/07
766
511
1277
3.16%
165,929.64
161,000.00
4,929.64
944 FNMA
Coupon Note
07/01/05
984,074.54 -
12/15/07
273.
624
897
3.81%
28,020.81
14,236.11
13,784.70
947 FHLMC
Discount Note
08115105
999,700.00
02115/08
228
686
914
4.51%
28,182.34
22,500.00
5,682.34
945 FHLB
Coupon Note
07/01/05
755,975.25
04/18/08
273
749
1022
3.80%
21,503.23
9,195.31
12,30792
FHLMC
Coupon Note
06/25/03
664,117.19
04/15106
1010
15
1025
1.576%
28,962.06
35,592.01
(6,629.95)
FNMA
Coupon Note
0627/03
504,090.00
0428/06
1008
28
1036
2.315%
32 227.51
30,661.46
1,566.05
FMAC
Z Coupon
0729/05
193,927.92
05/10/06
245
40
285
4.010%
5,219.85
5.219.85
FHLB
Coupon Note
0624/03
658,677.50
05/15/06
1011
45
1056
1.625%
29,647 25
33,034.90
(3,387.65)
FHLMC
Coupon Note
06/27/03
500,930.00
06/02!06
1008
63
1071
2.076%
28,719.18
26,128.47
2,590.71
FHLMC
Coupon Note
06130/03
38796.88
07/15/06
1005
106
1111
1.872%
_ 19,962.87
48,927.08
(28,96421)
FNMA
Coupon Note
06/10/04
297,213.00
08/11/06
659
133
792
3.177%
17,048.16
13,772.92
3,27524
FHLB
Coupon Note
06/30/03
400,000.00
0929106
1005
182
1187
2.200%
24,230.14
20,200.00
4,030.14
FHLMC
Coupon Note
02/22/05
197,629.00
10/15/06
402
198
600
3.507%
7,633.43
3,559.72
4,073.71
FHLB
Coupon Note
06/24/03
688,076.80
11115106
1011
229
1240
1.825%
34,782.28
63,140.00
(28,357.72)
FFCB
Coupon Note
06/25/03
660,954.00
12/19/06
1010
263
1273
1.844%
33,725.68
72,63750
(38,911.82)
FHLB
Coupon Note
06/30/03
400,000.00
12/29/06
1005
273
1278
2225%
24,505.48
22.250.00
2,255.48
FNMA
Coupon Note
0222/C5
195,358.60
02/15/07
402
321
723
3.363%
7,235.90
4,657-64
2,578 26
FHLMC
Coupon Note
0625/03
662,652.00
03/15/07
1010
349
1359
1.946%
35,682.63
79,625.00
(43,942.37)
FNMA
Coupon Note
0680/03
333,597.66
04/15/07
1005.
380
1385
2.150%
19,748.52
36,093.75
(16,345.23)
FHLMC MTN
Coupon Note
0627/03
402,556.00
05/29/07
1008
424
1432
2.808%
31,216.99
29,03333
2,183.66
FNMA
Coupon Note
06/30/03
375,219.60
07115/07
1005
471
1476
2.359%
24,371.75
37,80729
(13,435.54)
FHLB
Coupon Note
06/24/03
672,825.60
11/15/07
1011
594
1605
2.257%
42,062.24
53,573.33
(11,511.09)
FNMA
Coupon Note
06/24/03
299,475.00
12/24/07
1011
633
1644
2.528%
20,969.88
18,750.00
2,219.88
FNMA
Coupon Note
06/27/03
649,785.94
01/15/08
1008
655
1663
2.492%
44,718.38
52,211.00
(7,492.62)
FHLMC
Coupon Note
09/30104
198,630.00
02125/08
547
696
1243
3.462%
10,305.44
9,118.06
1,187-38
FHLMC
Coupon Note
0626/03
657,396.09
03/15108
1009
715
1724
2294%
41,688.75
48,236.08
(6,547.33)
FHLB
Coupon Note
06/30/03
286,162.50
04115/08
1005
746
1751
2.633%
20,746.11
33,68750
(12,941.39)
FHLB
Coupon Note
0626/03
661,764.30
05/13/08
1009
774
1783
2.507%
45,862.31
62,025.61
(36,163.30)
FHLMC MTN
Coupon Note
06130/03
228;298.00
06/13108
1005
805
1810
2.894%
18,191.72
15,513.82
2,677.90
FHLMC
Coupon Note
06/24/03
500,000.00
06/18108
1011
810
1821
2.750%
38,085.62
34,375.00
3,7t0.62
FNMA
Coupon Note
09130/04
198,597.00
08/15/08
547
868
1415
3.442%
10.244.20
8,937.50
1,306.70
FNMA
Coupon Note
11/16/04
199,216.00
09/15108
500
899
1399
3.866%
10,550.26
9,979.17
571.09
FNMA
Coupon Note
01/19/05
248,157.50
09/15/08
436
899
1335
3.974%
11,780.10
10,833.33
946.77
FNMA
Coupon Note
11/16104
199,552.00
11/17/08
500
962
1462
3.936%
10,759.41
7,771.53
2,987.88
FHLMC
Coupon Note
07/07/05
296,403.00
01112109
267
1018
1285
4.313%
9,351.48
6,619.79
2,731.69
FNMA
Coupon Note
01/21105
242,400.00
03/16/09
434
1081
1515.
3.930%
11,327.19
9,006.08
2,321.11
FHLMC
Coupon Note
06/17105
300,198.00
07/30/09
287
1217
1504
4.359%
10,289.25
8,130.21
2,159.04
FHLMC
Coupon Note
08101105
298,332.00
07/30/09
242
1217
1459
4.527%
8,954.32
6,526.04
2,42828
FHLMC
Coupon Note
06114/05
298,683.00
09/01109
290
1250
1540
4.237%
10,054.82
8,834.37
1,220.45
FHLMC
Coupon Note
0121/05
149,686.50
09/01109
434
MO
1684
4.180%
7,43931
6,875.00
564.71
FHLMC
Coupon Note
06/14/05
299,331.00
0125/10
290
1396
1686
4.431%
10,538.01
8,057.29
2,480.72
Subtotal
31,326,490.32
Union MM
7,221,390.16
30
30
4.26%
25;284.76
25,284.76
LAIF
N/A
12131/05
18,672,180.70
03/31/06
90
0
90
4.14%
165,234.10
165,234.10
57,220,061.18 248 3.65% 2,181,220.72 2,023,064.96 158,155.76
Maturity Profile
0-1 year
1-2 years
2-3 years
3-5 years
Market to Cost Position Report
)Institution Security
Union Bank Assets
Union MM
Amount
38,730,762.20
13,326,542.93
3,816,525.55
1.346.230.50
57.220,061.18
Market Amortized
Price Cost
31,326,490.32
7,221,390.16
Percent
67.69%
23.29%
6.67%
2.35%
100.00%
Market Unrealized
Value* Gain (Loss)
30,417,980.50 (908,509.82)
7,221,390.16 0.00
LAIF 18,672,180.70 18,672,180.70 0.00 *Source: Treasury and Agency Obligations -Union Bank of Califomia
Totals: 57,220,061.18 56,311,551.36 c_ 6(908,509.82) LAIF balances per Local Agency Investment Fund monthly statement.
Meeting date: May 15, 2006
Item No:
Town of Los Gatos
Treasurer's Report
for the month ended
February 28, 2006
Submitted May 10, 2006
by
Linda L. Lubeck
Distribution: Town Clerk
Town Manager
Town Council
Town of Los Gatos
Summary Investment Information
February 28, 2006
Weighted Average Portfolio Yield:
3.56%
Weighted Average Maturity (days) 275
This Month
Last Month
One year ago
Portfolio Balance
$60,889,095
$61,146,352
$53,046,566
Benchmarks/ References:
Town's Average Yield
3.56%
3.43%
2.66%
LAIF Yield for month
4.04%
3.96%
237%
3 mo. Treasury
4.63%
4.49%
2.77%
6 mo. Treasury
4.75%
4.60%
3.01%
2 yr. Treasury
4.69%
4.43%
3.50%
5 yr. Treasury (most recent)
4.62%
4.37%
3.62%
Prime rate
7.50%
7.50%
5.50%
Most recent auctions of
Freddie Mac or Fannie Mae Reference Notes:
3 yr. Freddie Mac (02/13/06) 4.88%
2 yr. Freddie Mac (01/13/06) 4.63%
Compliance: The Town's investments are in compliance with the Town's investment policy dated August 9, 2005 and also in
compliance with the requirements of Section 53601 of the California State Code. Based on the information available, the Town has
sufficient funds to meet the cash demands for the next six months.
Page 1
Town of Los Gatos
Portfolio Allocation & Treasurer's Fund Balances
February 28,2006
Month
YTD
Fund Balances - Beginning of Month/Period
$61,146,351.87
$57,531,241.44
Receipts
3,176,456.32
27,840,087.14
Disbursements
(3,433,712.82)
(24.482.233.21)
Fund Balances - End of Month/Period
$60,889,095.37
$60,889,095.37
Portfolio Allocation:
Union MM
6,000,452.10
US Govt Agencies
32,476,735.43
Local Agency Investment Fund
18.672.180.70
Subtotal - Investments
57,149,368.23
Reconciled Demand Deposit Balances
1739,727.14
Total Treasurer's Fund
$60,889,095.37
Treasurer's Fund Balances
$62,000,000 - -
$61,000,000
$60,000,000
$59.000,000
$58,000,000
$57,000,000
$56,000,000
$55,000,000
$54,000,000
$53,000,000
$52,000,000 -
a
$51,000,000
$50,000,000 R~- - --~-r
h ,/'I Vl V1 vt ,/1 vl v1 Vl V~ N ~D lp
O O O O O O O O O O O O O
75 6 >
Q z Q
page 2
Town of Los Gatos
Non-Treasury Restricted Fund Balances
February 28, 2006
Previous Ending
Balance Deposits Interest Withdrawals Balance
Non-Treasury Funds:
Downtown Parking District 12120/02
Certificates of Participation Reserve Fund (Lot 4)
Cert. of Participation Lease Payment Fund (Lot 4)
Cert. of Participation 2002 Series A Const. Fund
Cert. of Participation 2002 Series A Reserve Fund
Cert. Of Participation 2002 Series A Interest Fund
Cert. Of Participation 2002 Series A COI Fund
Total Restricted Funds:
$2,896,153.34 $0.00 $141085.73 $2641523.50 $2,645,715.57
These accounts are not part of the Treasurers fund balances reported elsewhere in this report, as they are for separate and distinct
entities.
Note 1: This account include redemption accounts set up for the repayment of interest and principal on outstanding
bond coupons for Parking Assessment District'3', as well as Reserve Funds set up as required by the original Bond resolution.
Note 2: The reserve fund was a requirement of the original certificates of participation agreement when Lot 4 was built It helps
to guarantee payment of the lease payments should the Town not make payment
Note 3: The lease payment fund receives the lease payments from the Town monthly for the lease of Lot 4. It holds the funds until
payments on the certificates of participation are due semi-annually.
Note 4: The three funds for the Certificates of Participation 2002 Series A consist of construction funds which will be expended over the
next few years, reserve funds which will guarantee the payment of lease payments, and a third fund for the disbursement of lease payments
and initial delivery costs.
243,490.56
538.86
257,509.70
793.50
126,145.82
329.57
1,288,761.70
11.878.98
752,516.81
213.28
227,728.75
331.54
0.00
0.00
244,029.42 Note 1
258,303.20 Note2
36,737.50 89,737.89 Note 3
0.04 1,300,640.64 Note 4
22.67 752;707.42 Note 4
227,763.29 297.00
0.00 0.00 Note 4
Page 3
Town of Los Gatos
Statement of Interest Earned
February 28, 2006
Current
Fiscal
Month
Year to Date
Interest received from Investments
172,216.19
1,135,711.53
Add: Interest accrued at end of period (see page 5)
54,071 25
54,071.25
Less: Interest accrued at beginning of period
(54,876.29)
(33,323.60)
Interest earned on investments
$171,411.15
$1,156,459.18
Page 4
Inactive Deposits by Institution
Dep Institution Security
Town of Los Gatos
Inactive Deposits by Institution
Market to Cost Position Report
February 28, 2006
Deposit Amortized Maturity Days
Date Cos Date Elapsed,
Days to Days Yield to Interest Interest Interest
Maturity Invested Maturity Earned Received Accrued
938 FHLMC
Discount Note
03/16/05
483,436.11
03/07/06
349
7 .
356
3.35%
15,485.19
15,485.19
928 FNMA
Coupon Note
08/26/03
895,320.00
04/28/06
917
59
976
2,83%
63,6D220
51,319.30
12,282.90
933 FHLB
Coupon Note
08/18/04
996,420.00
05115106
559
76
635
2.46%
37,543.76
27,937.50
9,606.26
920 FNMA
Coupon Note
06/22/01
2,001,740.00
06/15/06
1712
107
1819
5.23%
491,063.54
470,484.30
20,579.24
939 FFCB
Coupon Note
03/16/05
498,560.00
12/11/06
349
286
635
3.80%
18,114.80
13,342.01
4,772.79
934 FNMA
Coupon Note
08118/04
1,491,000.00
01/12/07
559
318
877
3.06%
69,884.94
58,800.00
11,084.94
940 FHLB
Coupon Note
03/16/05
543,228.45
02/09/07
349
346
695
3.93%
20,413.04
13,743.65
6,669.39
929 FNMA
Coupon Note
02/09104
2.000.000.00
05/09/07
756
435
1185
3.00%
123,287.67
120.000.00
3,287.67
942 FHLB
Coupon Note'
05116105
999,000.00
05116107
288
442
730
4.04%
31,869.03
19,950.00
11,919.03
943 FNMA
Coupon Note
07/01105
749,032.50
05/17/07
242
443
685
3.82%
18,946.01
10,625.00
8,321.01
946 FHLMC
Discount Note
08/15/05
1,500,000.00
11/15/07
197
625
822
4.50%
36,399.12
33,750.00
2,649.12
930 FHLMC
Coupon Note
02/24/04
2,505,250.00
08/24/07
735
542
1277
3.16%
159,214.47
161,000.00
(1,785.53)
944 FNMA
Coupon Note
07101/05
984,074.54
12115/07
242
655
897
3.81%
24,838.96
14,236.11
10,602.85
947 FHLMC
Discount Note
08115105
999,700.00
02/15/08
197
.717
914
4.51%
24,350.53
22,500.00
1,850.53
945 FHLB
Coupon Note
07101/05
755,975.25
04/18/08
242
780
1022
3.80%
19,061.47
9,195.31
9,866.16
FFCB
Coupon Note
06/25/03
666,809.00
03/15/06
979
15
994
1.523%
27, 39.00
36,111.11
(8,872.11)
FHLMC
Coupon Note
06/25/03
664,117.19
04115106
979
46
1025
1576%
28,073.13
35,592.01
(7,518.88)
FNMA
Coupon Note
06/27/03
504,090.00
04/28/06
977
59
1036
2.315%
31 236.39
30,661.46
574.93
FMAC
ZCoupon
07/29105
193,927.92
05/10106
214
71
285
4.010%
4,559.38
4559.38
FHLB
Coupon Note
06124/03
658,677.50
05115/06
980
76
1056
1.625%
28.738.19
33,034.90
(4,296.71)
FHLMC
Coupon Note
06/27103
500,930.00
06/02106
977
94
1071
2.076%
27,835.95
26,128.47
1,707.48
FHLMC
Coupon Note
06/30103
387296.88
07115/06
974
137
1111
1.872%
19,347.10
48,927.08
(29,579.98)
FNMA
Coupon Note
06110/04
297,213.00
08111/06
628
164
792
3.177%
16,24620
13,772.92
2,473.28
FHLB
Coupon Note
06/30/03
400,000.00
09/29106
974
213
1187
2.200%
23,482.74
20 200.00
3,282.74
FHLMC
Coupon Note
02/22/05
197,629.00
10/15/06
371
229
600
3.507%
7,044.78
3,559.72
3,485.06
FHLB
Coupon Note
06/24/03
688,076.80
11/15/06
980
260 "
1240
1.825%
33,715.76
63,140.00
(29,424.24)
FFCB
Coupon Note
06/25/03
660,954.00
12/19/06
979
294
1273
1.844%
32,690.53
72,637.50
(39,946.97)
FHLB
Coupon Note
06/30/03
400,000.00
12/29106
974
304
1278
2.225%
23,749.59
22,250.00
1,499.59
FNMA
Coupon Note
02/22/05
195,358.60
02/15107
371
352
723
3.363%
6,677.91
4,657.64
2,020.27
FHLMC
Coupon Note
06/25/03
662,652.00
03115/07
979
380
1359
1.946%
34,587.42
65,000.00
(30,412.58)
FNMA
Coupon Note
06130103
333,597.66
04115/07
974
411
1385
2.150%
19,139.37
36,093.75
(16,954.38)
FHLMC MTN Coupon Note
06/27/03
402,556.00
05/29/07
977
455
1432
1808%
30,256.95
29,033.33
1,223.62
FNMA
Coupon Note
06/30/03
375,219.60
07/15107
974
502
1476
2.359%
23,619.98
37,807.29
(14,187.31)
FHLB
Coupon Note
06/24103
672,825.60
11/15/07
980
625
1605
2257%
40,772.49
53,573.33
(12,800.84)
FNMA
Coupon Now
06/24/03
299,475.00
12/24107
980
664
1644
2.528%
20,326.89
18,750.00
1,576.89
FNMA
Coupon Note
06/27/03
649,785.94
01/15/08
977
686
1663
2.492%
43.343.11
52,211.00
(8,867.89)
FHLMC
Coupon Note
09/30/04
198,630.00
02/25/08
516
727
1243
3.462%
9,721.40
9,118.06
603.34
FHLMC
Coupon Note
D6/26/03
657,396.09
03/15/08
978
746
1724
2.294%
40,407.92
39,367.33
1,04059
FHLB
Coupon Note
06!30103
286,162.50
04/15/08
974
777
1751
2.633%
20,106.18
33,687.50
(13,581.32)
FHLB
Coupon Note .
06/26/03
661,764.30
05/13/08
978
805
1783
2.507%
44,45326
82,025.61
(37,572.35)
FHLMC MTN Coupon Note
06/30/03
228,298.00
06/13108
974
836
1810
2.894%
17,630.59
15,513.82
2,116.77
FHLMC
Coupon Note
06/24/03
500,000.00
06/18/08
980
841
1821
2.750%
36,917.81
34,375.00
2,542.81
FNMA
Coupon Note
09/30/04
198,597.00
08/15/08
516
899
1415
3.442%
9.663.63
8,937.50
726.13
FNMA
Coupon Note
11/16104
199,216.00
09/15/08
469
930
1399
3.866%
9,896.14
6,229.17
3,666.97
FNMA
Coupon Note
01/19/05
248,157.50
09/15/08
405
930
1335
3.974%
10,94152
6,145.83
4,796.69
FNMA
Coupon Note
11/16/04
199,552.00
11/17/08
469
993
1462
3.936%
10,092.32
7,771.53
2,320.79
FI-1LMC
Coupon Note
07/07/05
296,403.00
01/12/09
236
1049
1285
4313%
8,265.73
6,619.79
1,645.94
FNMA
Coupon Note
01/21105
242,400.00
03/16/09
403
1112
1515
3.930%
10,518.10
5,099.83
5,418.27
FHLMC
Coupon Note
06117105
300,198.00
07130/09
256
1248
1504
4.359%
9,177.87
8,130.21
1,047.66
FHLMC
Coupon Note
08/01/05
298,332.00
07/30/09
211
1248
1459
4.527%
7,80728
6,526-04
1,28124
FHLMC
Coupon Note
06/14/05
298,683.00
09/01/09
259
1281
1540
4.237%
8,979.99
2,646.87
6,333.12
FHLMC
Coupon Note
01/21/05
149,68650
09/01/09
403
1281
1684
4.180%
6,908.30
3,781.25
3,127.05
FHLMC
Coupon Note
06114/05
299,331.00
01/25/10
259
1427
1686
4.431%
9,411.53
8,057.29
1,35424
Subtotal
32,476,735.43
Union MM
6,000,452.10
30
30
4.08%
20,122.06
20,122.06
LAIF N/A 12/31/05 18,672,180.70 03/31/06 59 31 90 4.04% 100,348.34 100,348.34
57,149,368.23 275 3.56% 2,068,128.57 2,014,057.32 54,071.25
Maturity Profile
0-1 year
1-2 years
2-3 years
3-5 years
Market to Cost Position Report
Den Institution Security
Union Bank Assets
Union MM
Amount
37,997,417.25
13,331,798.84
4,231,521.64
1.588.630.50
57,149,368.23
Market Amortized
Price Cost
32,476,735.43
6,000,452.10
Percent
66.49%
23.33%
7.40%
2.78%
100.00%
Market Unrealized
Value- Gain (Loss)
31,593,476.30 (883,259.13)
6,000,452.10 0.00
LAIF 18,672,180.70 18,672,180.70 0.00 -Source: Treasury and Agency Obligations -Union Bank of California
Totals: 57,149,368.23 56,266,109.10 page ('883,259.13) LAIF balances per Local Agency Investment Fund monthly statement.