03 Staff Report - Treasures report February and March 2008DATE:
TO:
COUNCIL AGENDA REPORT
May I,2008
MAYOR AND TOWN COUNCIL
MEETING DATE:05/19/08
ITEM NO.3
FROM:
SUBJECT:
LINDA SPEICHER,TOWN TREASURER
TREASURER'S REPORT FOR FEBRUARY AND MARCH 2008
RECOMMENDATION:
Accept reports as attached.
DISCUSSION:
Attached for your review and acceptance are the Treasurer's reports for the months ofFebruary and
March 2008.
The Prime dropped from 5.25%in March to 5.0%at the end of April as the Federal Reserve
continued to work with the economy.Prime reached its most recent bottom of 4.0%in March 2008.
Whether or not the Fed wi11lower prime to that level in the coming months is unknown.
Accordingly,the overall rate ofreturn ofthe portfolio has continued to drop over the last few months
as investments have matured and been reinvested at lower current levels of interest rates.The
Town's overall average investment return remains slightly above 4%.
ENVIRONMENTAL ASSESSMENT:
Is not a project defined under CEQA,and no further action is required.
FISCAL IMP ACT:None
Attachments:Treasurer's report dated February 29 and March 31,2008
Distribution:Town Council;Town Manager;Finance Director
PREPARED BY:Linda L.Speicher,Town Treasurer~~_
N:\MGR\AdminWorkFiles\2008 Council Reports\tcrpt051908.wpd (j1~~
Reviewed by:~own Manager __Assistant Town Manager own Attorney
__Clerk__Finance__Community Development Revised:5/15/08 5:14 pm
Reformatted:5/30/02
Distribution:Town Clerk
Town Manager
Town·Council
Town of Los Gatos
Treasurer's Report
for the month ended
March 31,2008
Submitted May 1,200Y
by
Linda L.Speicher
Meeting date:May 19.2008
Item No:
Town of Los Gatos
Summary Investment Information
March 31,2008
Weighted Average Portfolio Yield:4.10%Weighted Average Maturity (days)469
Portfolio Balance
Benchmarks/References:
Town's Average Yield
LAIF Yield for month
3 mo.Treasury
6 mo.Treasury
2 yr.Treasury
5 yr.Treasury (most recent)
Prime rate
This Month
$72.901,812
4.10%
3.78%
1.22%
1.58%
1.76%
2.60%
5.25%
Last Month
$72,644,569
4.36%
4.16%
2.21%
2.13%
2.05%
2.76%
6.00%
One year ago
$67,753,203
4.65%
5.21%
5.07%
5.08%
4.51%
4.54%
8.25%
Most recent auctions of
Freddie Mac or Fannie Mae Reference Notes:
.3 yr.Freddie Mac (04111/08»2.80%
2 yr.Famie Mae (04111/08)2.46%
2 -3 years
13%
1 -2 years
12%
Portfolio Maturity Profile
O-lyear
56%
--------
Compliance:The Town's investments are in compliance with the Town's investment policy dated November 1,2006
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 31,2008
Fund Balances -Beginning of MonthlPeriod
Receipts
Disbursements
Fund Balances -End of Month/Period
Portfolio Allocation:
Union MM
US Govt Agencies
Local Agency Investment Fund
Subtotal -Investments
Reconciled Demand Deposit Balances
Total Treasurer's Fund
Month
$72,644,569.24
2,857,013.15
(2,599,770.50)
$72,901,811.89
$2,231,847.51
39,336,962.82
29,563,466.78
71,132,277.11
1,769,534.78
$72,901,811.89
YTD
$73,499,683.31
29,843,377.18
(30,441.248.60)
$72,901,811.89
Portfolio Investment Allocation
Union MM
3.1%
Local Agency Investment Fund
41.6%
Treasurer's Fund Balances
US Govt Agencies
55.3%
$74,000,000·r----------------__-----------------------'"'
$72,000,000 -
$70,000,000
$68,000,000
$66,000,000
$64,000,000 .
$62,000,000
8
~
page 2
~o
~~===0 0 0 ];0>6 ~~0 •&:z 0
Town of Los Gatos
Non-Treasury Restricted Fund Balances
March 31,2008
Previous
Balance
Non-Treasury Funds:
Downtown Parking District 12/20/02
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
Celt.Of Palticipation 2002 Series A COl Fund
Total Restricted Funds:
$262,848.77
255,466.05
101,000.94
285,969.12
789,795.67
78.31
0.00
$[,695,[58.86
40,3[8.68
Ending
Interest Withdrawals Balance
$942.24 $263,791.0[Note]
424.92 255,890.97 NlIle2
167.99 141,487.61 NlIle3
0.83 0.05 285,969.90 NlIle4
[,264.69 232.00 790,828.36 NlIle4
0.05 78.36 Note 4
0.00 0.00 0.00 Note 4
$2,800.72 $~$[,738,046.21
These accounts are not part of the Treasurer's fund balances reported elsewhere in this repmt,as they are for separate and distinct
entities.
Note 1:'l11is 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 palticipation are due semi-annually.
Note 4:The three funds for the Certificates of Participation 2002 Series A consist of constlllction funds which will be expended over the
nex[few years,reserve funds which will guarantee the payment of lease paymenL~,and a third fund for the disbursement of lease payments
and initial delivery costs,
Page 3
Interest received from Investments
Add:Interest accrued at end of period (see page 5)
Less:Interest accrued at beginning of period
Interest earned on investments
Town of Los Gatos
Statement of Interest Earned
March 31,2008
Current Fiscal
Month Year to Date
$178,654.08 $2,344,357.00
661,744.33 661,744.33
(584,205.36) (638,512.99)
$256,193.05 $2,367,588.34
Interest by Month
July 2007
August 2007
September'2007
October 2007
November 2007
"December 2007
January 2008
February 2008
March 2008
Page 4
287.856.35
285,325.36
261,616.22
271,223.77
234,832.62
252,611.44
281,416.49
236,513.04
256,193.05
2,367,588.34
Town of Los Gatos
Inactive Deposits by Institution
Mal'ket to Cost Position Report
March 31,2008
Deposit Amortized Maturity Days Days to Days Yield to Interest Interest Interest
Institution Security Date Cost Date Elapsed Maturity Invested Maturity Earned Received Accrued
FHLB Coupon Note 07/01/05 755,975.25 04118108 1004 18 1022 3.803%79,081.47 71,070.31 8,011.16
USTreasUlY Note'06115/06 1,990,312.50 05/31108 655 61 716 5.135%183,404.57 142,254.10 41,150.47
USTreasury Note 07/19/06 738,281.25 02fl5/09 621 321 942 5.157%64,776.53 53,142.27 11,634.26
FHLB Coupon Note 05/12106 1,498,035.00 03fl3/09 689 347 1036 5.298%149,816.72 144,593.75 5,222.97
USTreasury Note 05/15/06 1,992,343.75 05fl5/09 686 410 1096 5.014%187,749.96 146,250.00 41,499.96
FHLB Coupon Nole 06/15/06 1,493,400.00 06112109 655 438 1093 5.226%140,053..51 117,468.75 22,584.76
FFCB Coupon Note 07119106 723,562.50 07/17/09 621 473 1094 5.408%66,575.05 46,234.37 20,340.68
USTreasury Note 03125108 1,024,062.50 09115109 6 533 539 1.709%287.69 287.69
USTreasury Note J 1117/06 748,066.41 11115/09 500 594 1094 4.734%48,511.59 34,495.86 14,015.73
MLCorp Note 04/10/07 976,150.00 02/08110 356 679 1035 5.165%49,174.96 35,180.56 13,994.40
USTreasUlY Note 10119106 976,406.25 04115110 529 745 1274 4.744%67,133.31 39,560.44 27,572.87
FHLB Coupon Note 08122106 J,507,665.00 06/11110 587 802 1389 4.957%120,190.19 96,375.00 23,815.19
FHLB Coupon Note 01/12/07 1,487,205.00 08110110 444 862 1306 4.960%89,731.02 75,983.33 13,747.69
USTreasury Note 05/31107 737,226.56 10115/10 305 928 1233 4.801%29,576.01 11,931.35
17,644.66
PFCB Conpon Note 12107/07 2,032,140.00 1110lllO 115 945 1060 3.715%23,785.78 23,785.78
FPCB Coupon Note 01118/07 756,922.50 01118111 438 1023 1461 3.175%28,838.75 28,838.75
PFCB Coupon Note 11128/07 2,062,000.00 02118111 124 1054 1178 3.840%26,899.78 21,666.67 5,233.11
FNMA Discount Note 09129/06 1,516,485.00 04115/11 549 1110 1659 4.874%111,173.97 80,291.67 30,882.30
FHLMC Conpon Note 12/28/06 1,522,350.00 07120111 459 1206 1665 5.375%102,899.39 91,520.83 11,378.56
USTreasury Note 10119106 990,078.13 09/30/11 529 1278 1807 4.721%67,743.29 65,151.10 2,592.19
FreB Conpon Note 12112107 2,025,080.00 11121111 110 1330 1440 4.000%24,411.92 24,411.92
FFCB Coupon Note 02122107 986,080.00 12/08111 403 1347 1750 4.959%53,990.64 36,743.06 17,247.58
FHLB Coupon Note 05109/07 1,509,255.00 03/09112 327 1439 1766 4.743%64,131.39 62,500.00
1,631.39
FHLB Coupon Note 11129/07 2,038,360.00 08115112 123 1598 1721 4.170%28,643.70 19,527.78 9,115.92
GE Corporate Note 01116/08 1,542,165.00 10119/12 75 1663 1738 4.587%14,535.43 14,535.43
FNMA Coupon Note 02121108 1,260,300.00 Oll02/13 39 1738 1777 4.562%6,143.29 6,143.29
PH!.B Coupon Note 06/30/03 286,162.50 04115/08 1736 15 1751 2.633%35,836.07 63,087.50 (27.251.43)
HILB Coupon Note 06/26103 661,764.30 05/13/08 1740 43 1783 2.507%79,088.63 150,938.61 (71,849.98)
FHLMCMTN Coupon Note 06/30/03 228,298.00 06113/08 1736 74 1810 2.894%31,423.71 28,163.82 3,259.89
FHLMC Coupon Note .06124/03 500,000.00 06118/08 1742 79 1821 2.750%65,623.29 61,875.00 3,748.29
FNMA Coupon Note 09130/04 198,597.00 08115/08 1278 137 1415 3.442%23,934.34 21,937.50
1,996.84
FNMA Coupon Note 11116104 199,216.00 09/15/08 1231 168 1399 3.866%25,974.74 24,979.17
995.57
FNMA Coupon Note 01119/05 248,157.50 09115/08 1167 168 1335 3.974%31,530.67 29,583.33 1,947.34
....NMA Coupon Note 11116/04 199,552.00 Il117/08 1231 231 1462 3.936%26,489.66 23,271.53 3,218.13
FHLMC Coupon Note 07/07/05 296,403.00 Olll2109 998 287 1285 4.313%34,954.23 29,869.79 5,084.44
flNMA Coupon Note 01121105 242,400.00 03116109 1165 350 1515 3.930%30,405.93 24,631.08 5,774.85
FHLMC Coupon Note 06117/05 300,198.00 07/30/09 1018 486 1504 4.359%36,496.36 34,380.21 2,116.15
FI-ILMC Coupon Note 08/01/05 298,332.00 07/30/09 973 486 1459 4.527%36,002.31 32,776.04 3,226.27
flHLMC Coupon Note 06/14105 298,683.00 09/01/09 1021 519 1540 4.237%35,399.88 33,584.37 1,815.51
FHLMC Coupon Note 0I12l105 149,686.50 09/01109 1165 519 1684 4.1aO%19,970.64 19,250.00 720.64
Fl-lLMC Coupon Note 06/14/05 299,331.00 01125/10 1021 665 1686 4.431%37,101.06 34,307.29
2,793.77
Subtotal 39,296,688.40
UnionMM 2,231,847.51 30 30 2.07%3,797.20 3,797.20
Purchased Interest 40,274.42
LAlP NIA 12/31/07 29,563,466.78 03/31108 91 0 91 3.78%283,032.13 283,032.13
$71,132,277.11 469 4.10%$2,666,320.77 $2,004,576.44 $661,744.33
Maturity Profile Amount Percent
0-1 year $39,878,743.01 56.06%
1-2 years $8,303,815.66 11.67%
2-3 years $9,559,565.31 13.44%
3-5 years $13 390 153.13 18.82%
$71,132,277.11 100.00%
Market (0 Cost Position Report
AmOitized Market Unrealized *Source:Treasury and Agency Obligations -Union Bank of California
Institution ~Value*Gain (Loss)LAIF balances per Local Agency Investment Fund monthly statement.
Union Bank Assets $39,296,688.40 $40,565,649.90 1,268,961.50
UnionMM 2,231,847.51 2,231,847.51 0.00
Purchased Interest 40,274.42 40,274.42 0.00
IAIF 29,563,466.78 29,563,466.78 0.00
Totals:$71,132,277.11 $72,401,238.61 $1,268,961.50
page 5
Distribution:Town Clerk
Town Manager
Town Council
Town of Los Gatos
Treasurer's Report
for the month ended
February 29,2008
Submitted May 1,2008 Y
by
Linda L.Speicher
Meeting date:May 19,2008
Item No:
Town of Los Gatos
Sunnnary Investment Information
February 29,2008
Weighted Average Portfolio Yield:4.36%Weighted Average Maturity (days)492
Portfolio Balance
Benchmarks!References:
Town's Average Yield
LAIF Yield for mouth
3 mo.Treasury
6 mo.Treasury
2 yr.Treasury
5 yr.Treasury (most recent)
Prime rate
This Month
$72,644,569
4.36%
4.16%
2.21%
2.13%
2.05%
2.76%
6.00%
Last Month
$73,480,753
4.56%
4.73%
2.39%
2.38%
2.24%
2.91%
6.00%
One year ago
$68,312,202
4.61%
5.18%
5.00%
5.09%
4.77%
4.70%
8.25%
Most recent auctions of
Freddie Mac or Fannie Mae Reference Notes:
3 yr.Famie Mae (03/07/08)2.85%-
2 yr.Freddie Mac (02/22/08)2.88%
,---------
3 -5 years
19%
Portfolio Maturity Profile
2 -3 years
13%O-lyear
55%
Compliance:The Town's investments are in compliance with the Town's investment policy dated November 1,2006
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 I
Town of Los Gatos
Portfolio Allocation &Treasurer's Fund Balances
February 29,2008
Fund Balances -Beginning of MonthlPeriod
Receipts
Disbursements
Fund Balances -End of MonthlPeriod
Portfolio Allocation:
UnionMM
US Govt Agencies
Local Agency Investment Fund
Subtotal -Investments
Reconciled Demand Deposit Balances
Total Treasurer's Fund
Month
$73,480,752.73
2,385,962.13
(3,222,145.62)
$72,644,569.24
$434,380.70
40,955,941.79
29563,466.78
70,953,789.27
1,690,779.97
$72,644,569.24
YTD
$73,499,683.31
26,986,364.03
(27,841,478.10)
$72,644,569.24
Portfolio Investment Allocation
Union MM
0.6%
Local Agency Inveslment Fund
41.7%
Treasurer's Fund Balances
US Govt Agencies
57.7%
$74,000,000 ,-------------------------------------------,
$72,000,000
$70,000,000
$68,000,000
$66,000,000
$64,000,000
$62,000,000
8
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page 2
Town of Los Gatos
Non-Treasury Restricted Fund Balances
February 29,2008
Previous
Balance
Non-Treasury Funds:
Downtown Parking District 12/20/02
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 COl Fund
Total Restricted Funds:
$261,845.39
257,410.47
125,316.43
285,967.90
788,208.47
221,683.36
0.00
$1,940,432.02
2,551.26
$2,551.26
Ending
Interest Withdrawals Balance
$1,003.38 $262,848.77 Note 1
606.84 2,551.26 255,466.05 Note 2
258.25 27,125.00 101,000.94 NoteJ
1.27 0.05 285,969.12 Note 4
1,834.83 247.63 789,795.67 Note 4
96.45 221,701.50 78.31 Note 4
0.00 0.00 0.00 Nole4
$3,801.02 $251,625.44 $1,695,158.86
These accounts are not part of the Treasurer's fund balances reported elsewhere in this report,as they arc 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.
Notc 2:The reserve fund was a reqllirement of the original certificates of participation agreement when Lot 4 was buill.lL helps
to guarantee payment of the leflse payments should the Town not make payment.
Note 3:Thc leasc 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 arc duc semi-annually.
Notc 4:Thethree 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
Interest received from Investments
Add:Interest accrued at end of period (see page 5)
Less:Interest accrued at beginning of period
Interest earned on investments
Town of Los Gatos
Statement of Interest Earned
February 29,2008
Current Fiscal
Month Year to Date
$149,294.87 $2,165,702.92
584,205.36 584,205.36
(496,987.19) (638,512.99)
$236,513.04 $2,111 ,395.29
Interest by Month
July 2007
August 2007
September 2007
October 2007
November 2007
December 2007
January 2008
February 2008
Page 4
287,856.35
285,325.36
261,616.22
271,223.77
234,832.62
252,611.44
281,416.49
236,513.04
2,111,395.29
Town of Los Gatos
Inactive Deposits by Institution
Market to Cost Position Report
February 29,2008
Deposit Amortized Maturity Days Days to Days Yield to Interest Interest Interest
Institution Security Date Cost Date Elapsed Maturity Invested Maturity Earned Received Accl1led
USTreasury Note 05/12/06 1,986,562.50 03/31/08 658 31 689 5.000%179,062.76 128,135.25 50,927.51
FllLB Coupon Note 07/01/05 755,975.25 04/18/08 973 49 1022 3.803%76,639.71 71,070.31 5,569.40
USTreasury Note 06115/06 1,990,312.50 05131108 624 92 716 5.135%174,724.35 142,254.10 32,470.25
USTreasury Note 07119106 738,281.25 02/15109 590 352 942 5.157%61,542.92 53,142.27 8,400.65
FHLB Coupon Nole 05112/06 1,498,035.00 03/13/09 658 378 1036 ~.298%143,076.05 105,218.75 37,857.30
USTreasury Note 05/15106 1,992,343.75 05115/09 655 441 1096 5.014%179,265.63 146,250.00 33,015.63
FHLB Coupon Note 06115106 1,493,400.00 06/12/09 624 469 1093 5.226%133,425.02 117,468.75 15,956.27
FFCB Coupon Nole 07119/06 723,562.50 07117/09 590 504 1094 5.408%63,251.65 46,234.37 17,017.28
USTreasury Note 1 III 7/06 748,066.41 11115109 469 625 1094 4.734%45,503.88 34,495.86 11,008.02
ML Corp Note 04/10107 976,150.00 02/08110 325 710 1035 5.165%44,892.87 35,180.56 9,712.31
USTreasury Note 101l9106 976,406.25 04115110 498 776 1274 4.744%63,199.22 39,560.44 23,638.78
FHLB Coupon Note 08122/06 1,507,665.00 06111/10 556 833 1389 4.957%113,842.83 96,375.00 17,467.83
FllLB Coupon Note 01112107 1,487,205.00 08110/10 413 893 1306 4.960%83,466.02 75,983.33 7,482.69
USTreasury Note 05/31107 737,226.56 10115/10 274 959 1233 4.801%26,569.93 11,931.35 14,638.58
FFCB Coupon Note 12107/07 2,032,140.00 11101110 84 976 1060 3.715%17,373.96 17,373.96
FFCB Coupon Note 01118107 756,922.50 01118/11 407 1054 1461 3.175%26,797.65 26,797.65
FFCB Coupon Note 11128/07 2,062,000.00 02/18111 93 1085 1178 3.840%20,174.83 21,666.67 (1,491.84)
FNMA Discount Nole 09129/06 1,516,485.00 04/15/11 518 1141 1659 4.874%104,896.39 80,291.67 24,604.72
FHLMC Coupon Notc 12/28/06 1,522,350.00 07120/11 428 1237 1665 5.375%95,949.76 91,520.83 4,428.93
USTreasury Nole 10/19/06 990,078.13 09/30/11 498 1309 1807 4.721%63,773.46 42,651.10 21,122.36
FFCB Coupon Note 12/12/07 2,025,080.00 11121/11 79 1361 1440 4.000%17,532.20 17,532.20
WCR Coupon Note 02122/07 986,080.00 12108/11 372 1378 1750 4.959%49,837.51 36,743.06 13,094.45
FllLB Coupon Note 05109/fJ1 1,509,255.00 03/09112 296 1470 1766 4.743%58,051.65 25,000.00 33,051.65
FHLB Coupon Note 11129/07 2,038,360.00 08/15/12 92 1629 1721 4.170%21,424.56 19,527.78 1,896.78
GE Corporate Notc 01116/08 1,542,165.00 10/19112 44 1694 1738 4.587%8,527.45 8,527.45
FNMA COlI pan Note 02121/08 1,260,300.00 01102113 8 1769 1777 4.562%1,260.16 1,260.16
FHLMC Coupon Notc 06126/03 657,396.09 03115108 1709 15 1724 2.294%70,610.57 74,842.33 (4,231.76)
FllLB COllpon Note 06/30/03 286,162.50 04115/08 1705 46 1751 2.633%35,196.15 63,087.50 (27,891.35)
FllLB Coupon Note 06126/03 661,764.30 05113/08 1709 74 1783 2.507%77,679.58 150,938.61 (73,259.03)
FHLMCMTN Coupon Nole 06130/03 228,298.00 06/13/08 [705 105 1810 2.894%30,862.57 28,163.82 2,698.75
H-ILMC Coupon Note 06124/03 500,000.00 06/18108 171I 110 1821 2.750%64,455.48 61,875.00 2,580.48
FNMA Coupon NoLe 09/30/04 198,597.00 08115108 1247 168 1415 3.442%23,353.78 21,937.50 1,416.28
FNMA Coupon Nole 11116/04 199,216.00 09115/08 1200 199 1399 3.866%25,320.63 21,229.17 4,091.46
FNMA Coupon Nolc DI/19105 248,157.50 09115108 1136 199 1335 3.974%30,693.10 24,895.83 5,797.27
FNMA Coupon Note 11/16104 199,552.00 11117/08 1200 262 1462 3.936%25,822.58 23,271.53 2,551.05
FI-ll..MC Coupon Note 07/07/05 296,403.00 01/12/09 967 318 1285 4.313%33,868.48 29,869.79 3,998.69
FNMA Coupon Note DI121105 242,400.00 03116/09 1134 381 1515 3.930%29,596.84 20,724.83 8,872.01
FHLMC Coupon Note 06117/05 300,198.00 07/30/09 987 517 1504 4.359%35,384.98 34,380.21 1,004.77
FIll...MC Coupon Note 08/01/05 298,332.00 07/30/09 942 517 1459 4.527%34,855.26 32,776.04 2,079.22
FHLMC Coupon Note 06/14/05 298,683.00 09/01109 990 550 1540 4.237%34,325.06 27,396.87 6,928.19
FHLMC Coupon Note 01121105 149,686.50 09/DI/09 1134 550 1684 4.180%19,439.23 16,156.25 3,282.98
FHLMC Coupon Notc 06114/05 299,331.00 01125/10 990 696 1686 4.431 %35,974.58 34,307.29 1,667.29
Subtotal 40,916,584.49
UnionMM 434,380.70 30 30 2.75%981.82 981.82
Purchascd Interesl 39,357.30
LAIF N/A 12/31/07 29,563,466.78 03131108 60 31 91 4.16%188,276.26 188,276.26
$70,953,789.27 492 4.36%$2,670,759.38 $2,086,554.02 $584,205.36
Maturity Prome Amount Percent
0-1 year $38,983,882.67 54.94%
1-2 years $9,020,188.16 12.71%
2-3 years $9,559,565.31 13.47%
3-5 years $13.390,153.13 18.87%
$70,953,789.27 100.00%
Market to Cost Position Report
Amortized Market Unrealized *Source:Treasury and Agency Obligations -Union Bank of California
Instinltion ~Value*Gain (Loss)LAIF balances per Local Agency Investment Fund monthly statement.
Union Bank Assets $40,916,584.49 $42,216,272.00 1,299,687.51
UnionMM 434,380.70 434,380.70 0.00
Purchased Interest 39,357.30 39,357.30 0.00
LAlF 29,563,466.78 29,563,466.78 0.00
Totals:$70,953,789.27 $72,253,476.78 $1,299,687.51
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