Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Attachment 1
Town of Los Gatos Summary Investment Information October 31, 2018 Weighted Average YTM Portfolio Yield: 1.91%Weighted Average Maturity (days)348 This Month Last Month One year ago Portfolio Balance $63,177,701 $63,940,263 $67,380,046 Benchmarks/ References: Town's Average Yield 1.91%1.91%1.35% LAIF Yield for month 2.14%2.06%1.14% 3 mo. Treasury 2.33%2.06%1.13% 6 mo. Treasury 2.49%2.37%1.28% 2 yr. Treasury 2.87%2.82%1.60% 5 yr. Treasury (most recent)2.98%2.95%2.02% 10 Yr. Treasury 3.14%3.06%2.38% 0 -1 year 30% 1 -2 years 30% 2 -3 years 25% 3 -5 years 15% Portfolio Maturity Profile Compliance:The Town's investments are in compliance with the Town's investment policy dated May 15, 2018 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 ATTACHMENT 1 Town of Los Gatos Portfolio Allocation & Treasurer's Fund Balances October 31, 2018 Month YTD Fund Balances - Beginning of Month/Period $63,940,263.22 $76,649,992.26 Receipts 3,787,158.42 10,925,019.52 Disbursements (4,549,720.77)(24,397,310.91) Fund Balances - End of Month/Period $63,177,700.87 $63,177,700.87 Portfolio Allocation:% of Portfolio Max. % 0r $ Allowed Per State Law or Policy BNY MM $98,445.60 0.17%20% of Town Portfolio US Treasury Notes $6,681,105.47 11.52%No Max. on US Treasuries Government Agency Debenture Notes $30,322,326.38 52.26%No Max. on Non-Mortgage Backed Corporate Medium Term Bonds $14,570,297.00 25.11%30% of Town Portfolio Local Agency Investment Fund 6,346,874.78 10.94%$65M per State Law Subtotal - Investments 58,019,049.23 100.00% Reconciled Demand Deposit Balances 5,158,651.64 Total Treasurer's Fund $63,177,700.87 BNY MM 0.17%US Treasury Notes 11.52% Government Agency Debenture Notes 52.26% Corporate Medium Term Bonds 25.1% Local Agency Investment Fund 10.9% Portfolio Investment Allocation 60,000,000 62,000,000 64,000,000 66,000,000 68,000,000 70,000,000 72,000,000 74,000,000 76,000,000 78,000,000 80,000,000 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Treasurer's Fund Balances page 2 Town of Los Gatos Non-Treasury Restricted Fund Balances October 31, 2018 OCT 18 OCT 18 OCT 18 Previous Deposits Ending Balance Realized Gain/Adj.Interest Withdrawals Balance Non-Treasury Funds: Cert. of Participation 2002 Series A Reserve Fund 689,221.54$ 823.97$ 690,045.51$ Note 1 Cert. Of Participation 2010 Ser A Lease Pymt Fund 0.09 0.03 0.12 Note 1 Cert. of Participation 2002 Lease Payment Fund 3,985.32 4.81 3,990.13 Note 1 Cert. of Participation 2010 Series Reserve Fund 1,300,544.08 1,987.93 1,302,532.01 Note 2 Total Restricted Funds:1,993,751.03$ $0.00 $2,816.74 $0.00 $1,996,567.77 These accounts are not part of the Treasurer's fund balances reported elsewhere in this report, as they are for separate and distinct entities. Note 1: The three original 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. Note 2: The 2010 COP Funds are all for the Library construction, reserves to guarantee lease payments, and a lease payment fund for the life of the COP issue. The COI fund was closed in September 2010. Page 3 Town of Los Gatos Statement of Interest Earned October 31, 2018 Interest by Month July 2018 $84,433.16 August 2018 87,305.09 September 2018 86,525.12 October 2018 93,667.82 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 $351,931.19 Page 4 Town of Los Gatos Investment Schedule October 31, 2018 Orginal Issue Maturity Yield to Interest Interest Interest Days Deposit Par Original (Discount)Market Purchased Date or Maturity Received Earned Earned to Institution CUSIP #Security Date Value Cost Premium Value Interest Call Date or Call to Date Prior Yrs.Current FY Maturity Aug_17_Security Freddie Mac 3137EADZ9 Gov. Agency Debenture 08/01/16 1,000,000.00 1,005,560.00 5,560.00 993,602.00 4/15/2019 0.92%24,062.50$ 17,581.70$ 3,098.21$ 166 Toyota Motor Credit 89236TDE2 Corporate Bond 07/25/16 950,000.00 954,246.50 4,246.50 942,770.50 5/20/2019 1.24%24,198.61$ 22,779.63$ 3,974.32$ 201 FHLB 3133834H1 Gov. Agency Debenture 9/20/2017 1,785,000.00 1,776,432.00 (8,568.00)1,743,016.80 6/12/2020 1.56%17,862.40$ 21,464.29$ 9,329.00$ 590 FFCB 3133EJB81 Gov. Agency Debenture 10/9/2018 1,700,000.00 1,697,331.00 (2,669.00)1,698,402.00 1,804.83 3/25/2020 2.84%(1,804.83)$ -$ 2,907.48$ 511 Microsoft 594918BN3 Corporate Bond 8/8/2016 1,000,000.00 999,470.00 (530.00)987,672.00 8/8/2019 1.12%22,000.00$ 21,159.11$ 3,766.38$ 281 FFCB 3133EHEZ2 Gov. Agency Debenture 9/20/2017 1,600,000.00 1,602,304.00 2,304.00 1,572,976.00 4/6/2020 1.54%26,737.78$ 19,146.90$ 8,321.80$ 523 FNMA 3133EHYM9 Gov. Agency Debenture 9/21/2017 1,300,000.00 1,295,866.00 (4,134.00)1,266,577.00 9/14/2020 1.61%19,120.83$ 16,136.27$ 7,038.16$ 684 US Treasury 912828VF4 US Treasury Note 9/21/2017 1,000,000.00 997,109.38 (2,890.62)977,266.00 5/31/2020 1.48%9,504.78$ 11,452.54$ 4,995.26$ 578 FNMA 3136G0AW1 Gov. Agency Debenture 12/13/2017 2,000,000.00 2,017,900.00 17,900.00 1,976,920.00 10/16/2020 2.02%39,558.33$ 22,192.96$ 13,717.26$ 716 FNMA 3135G0N33 Gov. Agency Debenture 04/17/13 1,000,000.00 981,984.01 (18,015.99)986,695.00 8/2/2019 2.17%3,572.92$ 6,897.75$ 7,251.48$ 275 Oracle 68389XAG0 Corporate Bond 5/3/2018 1,000,000.00 1,028,370.00 28,370.00 1,014,602.00 7/8/2019 2.54%9,027.78$ 4,127.43$ 8,753.00$ 250 FHLB 3130AEU73 Gov. Agency Debenture 8/27/2018 1,000,000.00 999,180.00 (820.00)997,420.00 8/27/2019 2.46%-$ -$ 4,375.48$ 300 American Express 0258M0EE5 Corporate Bond 9/15/2017 1,000,000.00 1,007,980.00 7,980.00 986,836.00 1/2/2020 1.87%21,266.67$ 14,619.64$ 6,243.81$ 428 Treasury 912828F39 US Treasury Note 4/17/2018 1,200,000.00 1,190,343.75 (9,656.25)1,189,780.80 9/30/2019 2.32%9,524.59$ 5,603.23$ 9,313.47$ 334 FHLB 313383VN8 Gov. Agency Debenture 5/25/2018 2,000,000.00 1,989,800.00 (10,200.00)1,987,690.00 9/13/2019 2.40%12,000.00$ 4,716.63$ 16,115.17$ 317 Treasury 9128282K5 US Treasury Note 7/2/2018 1,000,000.00 989,218.75 (10,781.25)990,820.00 7/31/2019 2.39%1,101.52$ -$ 7,869.21$ 273 FreddieMac 3137EAEE5 Gov. Agency Debenture 12/20/2017 1,000,000.00 991,200.00 (8,800.00)984,766.00 1/17/2020 1.93%8,625.00$ 10,119.43$ 6,482.76$ 443 FNMA 3136G3TW5 Gov. Agency Debenture 7/25/2018 1,000,000.00 980,540.00 (19,460.00)981,440.00 798.61 12/30/2019 2.54%(798.61)$ -$ 6,734.10$ 425 FHLB 3130ACRP1 Gov. Agency Debenture 7/25/2018 1,500,000.00 1,479,404.42 (20,595.58)1,478,655.00 2/7/2020 2.59%840.00$ -$ 10,357.43$ 464 American Honda 02665WBZ3 Corporate Bond 4/11/2018 1,000,000.00 990,620.00 (9,380.00)989,946.00 11/13/2019 2.61%1,944.44$ 5,675.13$ 8,725.51$ 378 Disney 25468PDP8 Corporate Bond 12/1/2017 1,000,000.00 998,190.00 (1,810.00)987,208.00 3/4/2020 2.03%14,784.50$ 11,736.09$ 6,841.41$ 490 FFCB 3133EJPU7 Gov. Agency Debenture 6/1/2018 1,000,000.00 1,001,454.00 1,454.00 997,380.00 10/21/2019 2.38%11,711.11$ 1,887.24$ 8,004.51$ 355 FHLB 3130AECJ7 Gov. Agency Debenture 9/14/2018 1,000,000.00 998,101.00 (1,899.00)996,529.00 8,239.58 5/28/2020 2.46%(8,239.58)$ -$ 3,523.63$ 575 US Bamcorp 90331HNB5 Corporate Bond 10/19/2018 1,000,000.00 986,540.00 (13,460.00)986,059.00 4,722.22 12/24/2019 3.09%(4,722.22)$ -$ 1,032.29$ 419 Chevron 166764AG5 Corporate Bond 11/9/2017 1,350,000.00 1,366,834.50 16,834.50 1,335,154.05 5/24/2020 1.94%20,477.81$ 16,684.10$ 8,807.48$ 571 FHLMC 3134G6S95 Gov. Agency Debenture 4/29/2016 1,000,000.00 1,008,050.00 8,050.00 998,900.00 12/17/2018 1.04%28,800.00$ 22,665.71$ 3,520.05$ 47 FFCB 3133EFQ67 Gov. Agency Debenture 4/29/2016 1,000,000.00 1,001,870.00 1,870.00 995,240.00 3/21/2019 1.09%27,775.56$ 23,767.91$ 3,691.23$ 141 FFCB 3133EGYP4 Gov. Agency Debenture 10/28/2016 1,000,000.00 997,507.00 (2,493.00)983,750.00 10/17/2019 1.14%20,679.17$ 18,950.83$ 3,821.23$ 351 FNMA 3135G0P49 Gov. Agency Debenture 11/15/2016 1,500,000.00 1,487,505.00 (12,495.00)1,479,616.50 8/28/2019 1.31%26,791.66$ 31,609.32$ 6,567.48$ 301 FHLMC 3137EAEB1 Gov. Agency Debenture 3/14/2017 2,000,000.00 1,970,180.00 (29,820.00)1,975,246.00 7/19/2019 1.52%23,576.39$ 39,136.50$ 10,177.14$ 261 FNMA 3135G0ZY2 Gov. Agency Debenture 12/20/2017 1,550,000.00 1,545,642.95 (4,357.05)1,533,790.10 11/26/2019 1.90%11,754.17$ 15,453.41$ 9,899.84$ 391 Freddie Mac 3134GBN40 Gov. Agency Debenture 9/29/2017 1,000,000.00 998,900.00 (1,100.00)979,900.00 6/29/2020 1.67%12,187.50$ 12,498.83$ 5,610.79$ 607 JP Morgan Chase 48125LRG9 Corporate Bond 3/28/2017 1,400,000.00 1,393,196.00 (6,804.00)1,382,262.00 8/23/2019 1.86%34,329.17$ 32,606.03$ 8,737.56$ 296 US Treasury 912828SN1 US Treasury Note 3/31/2017 1,000,000.00 1,004,218.75 4,218.75 996,094.00 3/31/2019 1.29%22,500.00$ 16,104.45$ 4,343.96$ 151 FNMA 3136FTB73 Gov. Agency Debenture 4/25/2017 1,000,000.00 1,013,390.00 13,390.00 989,630.00 2/7/2020 1.50%25,666.67$ 17,947.39$ 5,121.88$ 464 PNC Bank 69353REV6 Corporate Bond 4/4/2017 1,000,000.00 1,003,120.00 3,120.00 997,178.00 2/2/2019 1.29%27,625.00$ 22,039.96$ 5,997.60$ 94 Treasury 912828WS5 US Treasury Note 5/2/2017 500,000.00 503,339.84 3,339.84 496,836.00 6/30/2019 1.31%9,449.24$ 7,643.56$ 2,217.35$ 242 Pepsico 713448CS5 Corporate Bond 5/15/2017 1,250,000.00 1,249,600.00 (400.00)1,227,747.50 3/30/2020 1.31%33,723.96$ 26,195.95$ 7,839.67$ 516 Pfizer 717081EB5 Corporate Bond 6/30/2017 1,000,000.00 1,002,280.00 2,280.00 987,838.00 12/15/2019 1.60%16,291.67$ 16,073.27$ 5,416.47$ 410 Treasury 912828F62 US Treasury Note 6/30/2017 1,000,000.00 1,002,148.44 2,148.44 987,930.00 10/31/2019 1.41%20,013.59$ 14,080.68$ 4,745.00$ 365 Treasury 912828H52 US Treasury Note 6/30/2017 1,000,000.00 994,726.56 (5,273.44)981,211.00 1/31/2020 1.46%13,570.44$ 14,536.83$ 4,898.71$ 457 Toyota Motor Credit 89236TCF0 Corporate Bond 10/6/2017 500,000.00 503,545.00 3,545.00 493,776.50 3/12/2020 1.85%10,033.33$ 6,797.80$ 3,131.57$ 498 Berkshire Hathaway 084664CK5 Corporate Bond 1/22/2018 1,100,000.00 1,086,305.00 (13,695.00)1,087,070.60 8/15/2019 2.11%8,063.61$ 10,049.50$ 7,774.14$ 288 Freddie Mac 3134G44Y1 Gov. Agency Debenture 3/1/2018 1,500,000.00 1,482,225.00 (17,775.00)1,486,740.00 6/24/2019 2.11%5,885.42$ 10,696.53$ 10,873.34$ 236 Subtotal 51,573,728.85 51,573,728.85$ `51,110,939.35$ 15,565.24$ 661,072.88$ 592,834.57$ 291,963.64$ - BNY MM 98,445.60 98,445.60 0.00%1 LAIF N/A 12/31/14 6,346,874.78 6,346,874.78 2.14%47,082.76 1 $58,019,049.23 $57,556,259.73 661,072.88$ 592,834.57$ 339,046.40$ Bank of the West Matured Assets Treasury 912828VK3 US Treasury Note 07/31/15 1,000,000.00 1,010,625.00 10,625.00 7/2/2018 1.00%40,091.71$ 29,514.78$ 55.43$ FHLB 3130A66L6_1 Gov. Agency Debenture 8/20/2015 1,250,000.00 1,247,075.00 (2,925.00)7/25/2018 1.13%38,791.67$ 40,433.71$ 967.31$ FHLB 3130A66L6_2 Gov. Agency Debenture 8/25/2015 1,000,000.00 999,500.00 (500.00)7/25/2018 1.07%30,887.50$ 30,406.07$ 730.92$ FHLB 3130A5H36 Gov. Agency Debenture 06/09/15 1,000,000.00 997,710.00 (2,290.00)8/27/2018 1.22%36,991.66$ 37,370.11$ 1,940.44$ FHLB 3130A6AE7 Gov. Agency Debenture 10/27/2015 1,000,000.00 1,005,030.00 5,030.00 9/14/2018 0.95%32,406.25$ 25,446.05$ 1,979.43$ US Bancorp 91159HHE3 Corporate Bond 8/8/2016 1,000,000.00 1,019,550.00 19,550.00 10/15/2018 1.08%34,504.17$ 19,987.80$ 3,095.07$ FFCB 3133EFHU4 Gov. Agency Debenture 10/29/2015 1,500,000.00 1,494,840.00 (5,160.00)10/9/2018 0.99%38,645.83$ 39,735.58$ 4,116.20$ Total Investments "Matured"7,774,330.00 252,318.79 222,894.11 351,931.19 Maturity Profile Amount 0-1 year $31,524,612.42 1-2 years $26,494,436.81 2-3 years $0.00 3-5 years $0.00 $58,019,049.23 Amortized Institution Cost BNY Assets $51,573,728.85 BNY MM 98,445.60 LAIF 6,346,874.78 Totals:$58,019,049.23 Market to Cost Position Report Page 5 Town of Los Gatos Summary Investment Information November 30, 2018 Weighted Average YTM Portfolio Yield: 1.92%Weighted Average Maturity (days)321 This Month Last Month One year ago Portfolio Balance $63,257,184 $63,940,263 $65,864,165 Benchmarks/ References: Town's Average Yield 1.92%1.91%1.42% LAIF Yield for month 2.21%2.14%1.17% 3 mo. Treasury 2.35%2.33%1.26% 6 mo. Treasury 2.52%2.49%1.44% 2 yr. Treasury 2.79%2.87%1.78% 5 yr. Treasury (most recent)2.81%2.98%2.14% 10 Yr. Treasury 2.99%3.14%2.41% 0 -1 year 30% 1 -2 years 30% 2 -3 years 25% 3 -5 years 15% Portfolio Maturity Profile Compliance:The Town's investments are in compliance with the Town's investment policy dated May 15, 2018 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 November 30, 2018 Month YTD Fund Balances - Beginning of Month/Period $63,177,700.87 $76,649,992.26 Receipts 3,901,965.48 14,826,985.00 Disbursements (3,822,482.17)(28,219,793.08) Fund Balances - End of Month/Period $63,257,184.18 $63,257,184.18 Portfolio Allocation:% of Portfolio Max. % 0r $ Allowed Per State Law or Policy BNY MM $149,543.01 0.26%20% of Town Portfolio US Treasury Notes $6,681,105.47 11.51%No Max. on US Treasuries Government Agency Debenture Notes $30,322,326.38 52.22%No Max. on Non-Mortgage Backed Corporate Medium Term Bonds $14,570,297.00 25.09%30% of Town Portfolio Local Agency Investment Fund 6,346,874.78 10.93%$65M per State Law Subtotal - Investments 58,070,146.64 100.00% Reconciled Demand Deposit Balances 5,187,037.54 Total Treasurer's Fund $63,257,184.18 BNY MM 0.26%US Treasury Notes 11.51% Government Agency Debenture Notes 52.22% Corporate Medium Term Bonds 25.1% Local Agency Investment Fund 10.9% Portfolio Investment Allocation 60,000,000 62,000,000 64,000,000 66,000,000 68,000,000 70,000,000 72,000,000 74,000,000 76,000,000 78,000,000 80,000,000 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Treasurer's Fund Balances page 2 Town of Los Gatos Non-Treasury Restricted Fund Balances November 30, 2018 NOV 18 NOV 18 NOV 18 Previous Deposits Ending Balance Realized Gain/Adj.Interest Withdrawals Balance Non-Treasury Funds: Cert. of Participation 2002 Series A Reserve Fund 690,045.51$ 949.03$ 690,994.54$ Note 1 Cert. Of Participation 2010 Ser A Lease Pymt Fund 0.12 0.12 Note 1 Cert. of Participation 2002 Lease Payment Fund 3,990.13 5.51 3,995.64 Note 1 Cert. of Participation 2010 Series Reserve Fund 1,302,532.01 2,188.48 1,304,720.49 Note 2 Total Restricted Funds:1,996,567.77$ $0.00 $3,143.02 $0.00 $1,999,710.79 These accounts are not part of the Treasurer's fund balances reported elsewhere in this report, as they are for separate and distinct entities. Note 1: The three original 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. Note 2: The 2010 COP Funds are all for the Library construction, reserves to guarantee lease payments, and a lease payment fund for the life of the COP issue. The COI fund was closed in September 2010. Page 3 Town of Los Gatos Statement of Interest Earned November 30, 2018 Interest by Month July 2018 $84,433.16 August 2018 87,305.09 September 2018 86,525.12 October 2018 93,667.82 November 2018 93,016.61 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 $444,947.80 Page 4 Town of Los Gatos Investment Schedule November 30, 2018 Orginal Issue Maturity Yield to Interest Interest Interest Days Deposit Par Original (Discount)Market Purchased Date or Maturity Received Earned Earned to Institution CUSIP #Security Date Value Cost Premium Value Interest Call Date or Call to Date Prior Yrs.Current FY Maturity Aug_17_Security Freddie Mac 3137EADZ9 Gov. Agency Debenture 08/01/16 1,000,000.00 1,005,560.00 5,560.00 995,045.00 4/15/2019 0.92%24,062.50$ 17,581.70$ 3,853.87$ 136 Toyota Motor Credit 89236TDE2 Corporate Bond 07/25/16 950,000.00 954,246.50 4,246.50 943,890.55 5/20/2019 1.24%30,848.61$ 22,779.63$ 4,943.66$ 171 FHLB 3133834H1 Gov. Agency Debenture 9/20/2017 1,785,000.00 1,776,432.00 (8,568.00)1,745,730.00 6/12/2020 1.56%17,862.40$ 21,464.29$ 11,604.37$ 560 FFCB 3133EJB81 Gov. Agency Debenture 1,700,000.00 1,697,331.00 (2,669.00)1,698,368.00 1,804.83 3/25/2020 2.84%(1,804.83)$ -$ 6,872.23$ 481 Microsoft 594918BN3 Corporate Bond 8/8/2016 1,000,000.00 999,470.00 (530.00)988,146.00 8/8/2019 1.12%22,000.00$ 21,159.11$ 4,685.01$ 251 FFCB 3133EHEZ2 Gov. Agency Debenture 9/20/2017 1,600,000.00 1,602,304.00 2,304.00 1,574,000.00 4/6/2020 1.54%26,737.78$ 19,146.90$ 10,351.51$ 493 FNMA 3133EHYM9 Gov. Agency Debenture 9/21/2017 1,300,000.00 1,295,866.00 (4,134.00)1,269,801.00 9/14/2020 1.61%19,120.83$ 16,136.27$ 8,754.78$ 654 US Treasury 912828VF4 US Treasury Note 9/21/2017 1,000,000.00 997,109.38 (2,890.62)979,023.00 5/31/2020 1.48%16,379.78$ 11,452.54$ 6,213.61$ 548 FNMA 3136G0AW1 Gov. Agency Debenture 12/13/2017 2,000,000.00 2,017,900.00 17,900.00 1,979,280.00 10/16/2020 2.02%39,558.33$ 22,192.96$ 17,062.93$ 686 FNMA 3135G0N33 Gov. Agency Debenture 04/17/13 1,000,000.00 981,984.01 (18,015.99)988,160.00 8/2/2019 2.17%3,572.92$ 6,897.75$ 9,020.13$ 245 Oracle 68389XAG0 Corporate Bond 5/3/2018 1,000,000.00 1,028,370.00 28,370.00 1,011,497.00 7/8/2019 2.54%9,027.78$ 4,127.43$ 10,887.88$ 220 FHLB 3130AEU73 Gov. Agency Debenture 8/27/2018 1,000,000.00 999,180.00 (820.00)997,690.00 8/27/2019 2.46%-$ -$ 6,394.93$ 270 American Express 0258M0EE5 Corporate Bond 9/15/2017 1,000,000.00 1,007,980.00 7,980.00 985,762.00 1/2/2020 1.87%21,266.67$ 14,619.64$ 7,766.69$ 398 Treasury 912828F39 US Treasury Note 4/17/2018 1,200,000.00 1,190,343.75 (9,656.25)1,190,625.60 9/30/2019 2.32%9,524.59$ 5,603.23$ 11,585.05$ 304 FHLB 313383VN8 Gov. Agency Debenture 5/25/2018 2,000,000.00 1,989,800.00 (10,200.00)1,988,654.00 9/13/2019 2.40%12,000.00$ 4,716.63$ 20,045.69$ 287 Treasury 9128282K5 US Treasury Note 7/2/2018 1,000,000.00 989,218.75 (10,781.25)991,758.00 7/31/2019 2.39%1,101.52$ -$ 9,820.26$ 243 FreddieMac 3137EAEE5 Gov. Agency Debenture 12/20/2017 1,000,000.00 991,200.00 (8,800.00)986,136.00 1/17/2020 1.93%8,625.00$ 10,119.43$ 8,063.92$ 413 FNMA 3136G3TW5 Gov. Agency Debenture 7/25/2018 1,000,000.00 980,540.00 (19,460.00)982,820.00 798.61 12/30/2019 2.54%(798.61)$ -$ 8,795.55$ 395 FHLB 3130ACRP1 Gov. Agency Debenture 7/25/2018 1,500,000.00 1,479,404.42 1,480,605.00 2/7/2020 2.59%840.00$ -$ 13,528.07$ 434 American Honda 02665WBZ3 Corporate Bond 4/11/2018 1,000,000.00 990,620.00 (9,380.00)989,646.00 11/13/2019 2.61%11,944.44$ 5,675.13$ 10,853.68$ 348 Disney 25468PDP8 Corporate Bond 12/1/2017 1,000,000.00 998,190.00 (1,810.00)986,121.00 3/4/2020 2.03%14,784.50$ 11,736.09$ 8,510.05$ 460 FFCB 3133EJPU7 Gov. Agency Debenture 6/1/2018 1,000,000.00 1,001,454.00 1,454.00 997,680.00 10/21/2019 2.38%11,711.11$ 1,887.24$ 9,956.84$ 325 FHLB 3130AECJ7 Gov. Agency Debenture 9/14/2018 1,000,000.00 998,101.00 (1,899.00)997,524.00 5/28/2020 2.46%4,885.42$ -$ 5,772.76$ 545 US Bamcorp 90331HNB5 Corporate Bond 10/19/2018 1,000,000.00 986,540.00 (13,460.00)987,919.00 4,722.22 12/24/2019 3.09%(4,722.22)$ -$ 3,613.02$ 389 Chevron 166764AG5 Corporate Bond 11/9/2017 1,350,000.00 1,366,834.50 16,834.50 1,333,674.45 5/24/2020 1.94%20,477.81$ 16,684.10$ 10,955.65$ 541 FHLMC 3134G6S95 Gov. Agency Debenture 4/29/2016 1,000,000.00 1,008,050.00 8,050.00 999,630.00 12/17/2018 1.04%28,800.00$ 22,665.71$ 4,378.60$ 17 FFCB 3133EFQ67 Gov. Agency Debenture 4/29/2016 1,000,000.00 1,001,870.00 1,870.00 996,120.00 3/21/2019 1.09%27,775.56$ 23,767.91$ 4,591.53$ 111 FFCB 3133EGYP4 Gov. Agency Debenture 10/28/2016 1,000,000.00 997,507.00 (2,493.00)985,520.00 10/17/2019 1.14%20,679.17$ 18,950.83$ 4,753.24$ 321 FNMA 3135G0P49 Gov. Agency Debenture 11/15/2016 1,500,000.00 1,487,505.00 (12,495.00)1,481,683.50 8/28/2019 1.31%26,791.66$ 31,609.32$ 8,169.30$ 271 FHLMC 3137EAEB1 Gov. Agency Debenture 3/14/2017 2,000,000.00 1,970,180.00 (29,820.00)1,978,168.00 7/19/2019 1.52%23,576.39$ 39,136.50$ 12,659.37$ 231 FNMA 3135G0ZY2 Gov. Agency Debenture 12/20/2017 1,550,000.00 1,545,642.95 (4,357.05)1,534,791.40 11/26/2019 1.90%25,316.67$ 15,453.41$ 12,314.44$ 361 Freddie Mac 3134GBN40 Gov. Agency Debenture 9/29/2017 1,000,000.00 998,900.00 (1,100.00)981,660.00 6/29/2020 1.67%12,187.50$ 12,498.83$ 6,979.27$ 577 JP Morgan Chase 48125LRG9 Corporate Bond 3/28/2017 1,400,000.00 1,393,196.00 (6,804.00)1,384,808.60 8/23/2019 1.86%34,329.17$ 32,606.03$ 10,868.68$ 266 US Treasury 912828SN1 US Treasury Note 3/31/2017 1,000,000.00 1,004,218.75 4,218.75 996,680.00 3/31/2019 1.29%22,500.00$ 16,104.45$ 5,403.47$ 121 FNMA 3136FTB73 Gov. Agency Debenture 4/25/2017 1,000,000.00 1,013,390.00 13,390.00 991,000.00 2/7/2020 1.50%25,666.67$ 17,947.39$ 6,371.12$ 434 PNC Bank 69353REV6 Corporate Bond 4/4/2017 1,000,000.00 1,003,120.00 3,120.00 997,532.00 2/2/2019 1.29%27,625.00$ 22,039.96$ 7,460.43$ 64 Treasury 912828WS5 US Treasury Note 5/2/2017 500,000.00 503,339.84 3,339.84 497,207.00 6/30/2019 1.31%9,449.24$ 7,643.56$ 2,758.17$ 212 Pepsico 713448CS5 Corporate Bond 5/15/2017 1,250,000.00 1,249,600.00 (400.00)1,226,846.25 3/30/2020 1.31%33,723.96$ 26,195.95$ 9,751.78$ 486 Pfizer 717081EB5 Corporate Bond 6/30/2017 1,000,000.00 1,002,280.00 2,280.00 985,973.00 12/15/2019 1.60%16,291.67$ 16,073.27$ 6,737.56$ 380 Treasury 912828F62 US Treasury Note 6/30/2017 1,000,000.00 1,002,148.44 2,148.44 988,945.00 10/31/2019 1.41%20,013.59$ 14,080.68$ 5,902.31$ 335 Treasury 912828H52 US Treasury Note 6/30/2017 1,000,000.00 994,726.56 (5,273.44)982,695.00 1/31/2020 1.46%13,570.44$ 14,536.83$ 6,093.52$ 427 Toyota Motor Credit 89236TCF0 Corporate Bond 10/6/2017 500,000.00 503,545.00 3,545.00 494,021.00 3/12/2020 1.85%10,033.33$ 6,797.80$ 3,895.37$ 468 Berkshire Hathaway 084664CK5 Corporate Bond 1/22/2018 1,100,000.00 1,086,305.00 (13,695.00)1,087,889.00 8/15/2019 2.11%8,063.61$ 10,049.50$ 9,670.27$ 258 Freddie Mac 3134G44Y1 Gov. Agency Debenture 3/1/2018 1,500,000.00 1,482,225.00 (17,775.00)1,488,555.00 6/24/2019 2.11%5,885.42$ 10,696.53$ 13,525.37$ 206 Subtotal 51,573,728.85 51,573,728.85$ `51,149,280.35$ 7,325.66$ 711,285.38$ 592,834.57$ 372,195.96$ - BNY MM 149,543.01 149,543.01 0.00%1 LAIF N/A 12/31/14 6,346,874.78 6,346,874.78 2.14%59,867.06 1 $58,070,146.64 $57,645,698.14 711,285.38$ 592,834.57$ 432,063.01$ Bank of the West Matured Assets Treasury 912828VK3 US Treasury Note 07/31/15 1,000,000.00 1,010,625.00 10,625.00 7/2/2018 1.00%40,091.71$ 29,514.78$ 55.43$ FHLB 3130A66L6_1 Gov. Agency Debenture 8/20/2015 1,250,000.00 1,247,075.00 (2,925.00)7/25/2018 1.13%38,791.67$ 40,433.71$ 967.31$ FHLB 3130A66L6_2 Gov. Agency Debenture 8/25/2015 1,000,000.00 999,500.00 (500.00)7/25/2018 1.07%30,887.50$ 30,406.07$ 730.92$ FHLB 3130A5H36 Gov. Agency Debenture 06/09/15 1,000,000.00 997,710.00 (2,290.00)8/27/2018 1.22%36,991.66$ 37,370.11$ 1,940.44$ FHLB 3130A6AE7 Gov. Agency Debenture 10/27/2015 1,000,000.00 1,005,030.00 5,030.00 9/14/2018 0.95%32,406.25$ 25,446.05$ 1,979.43$ US Bancorp 91159HHE3 Corporate Bond 8/8/2016 1,000,000.00 1,019,550.00 19,550.00 10/15/2018 1.08%44,254.17$ 19,987.80$ 3,095.07$ FFCB 3133EFHU4 Gov. Agency Debenture 10/29/2015 1,500,000.00 1,494,840.00 (5,160.00)10/9/2018 0.99%38,645.83$ 39,735.58$ 4,116.20$ Total Investments "Matured"7,774,330.00 262,068.79 222,894.11 444,947.80 Maturity Profile Amount 0-1 year $34,111,972.78 1-2 years $23,958,173.86 2-3 years $0.00 3-5 years $0.00 $58,070,146.64 Amortized Institution Cost BNY Assets $51,573,728.85 BNY MM 149,543.01 LAIF 6,346,874.78 Totals:$58,070,146.64 Market to Cost Position Report Page 5 Town of Los Gatos Summary Investment Information December 31, 2018 Weighted Average YTM Portfolio Yield: 1.94%Weighted Average Maturity (days)300 This Month Last Month One year ago Portfolio Balance $64,048,106 $63,940,263 $67,391,974 Benchmarks/ References: Town's Average Yield 1.94%1.91%1.53% LAIF Yield for month 2.06%2.14%1.24% 3 mo. Treasury 2.36%2.33%1.38% 6 mo. Treasury 2.48%2.49%1.53% 2 yr. Treasury 2.49%2.87%1.89% 5 yr. Treasury (most recent)2.51%2.98%2.21% 10 Yr. Treasury 2.69%3.14%2.41% 0 -1 year 30% 1 -2 years 30% 2 -3 years 25% 3 -5 years 15% Portfolio Maturity Profile Compliance:The Town's investments are in compliance with the Town's investment policy dated May 15, 2018 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 December 31, 2018 Month YTD Fund Balances - Beginning of Month/Period $63,257,184.18 $76,649,992.26 Receipts 4,190,194.69 19,017,179.69 Disbursements (3,399,273.09)(31,619,066.17) Fund Balances - End of Month/Period $64,048,105.78 $64,048,105.78 Portfolio Allocation:% of Portfolio Max. % 0r $ Allowed Per State Law or Policy BNY MM $227,493.35 0.39%20% of Town Portfolio US Treasury Notes $6,681,105.47 11.49%No Max. on US Treasuries Government Agency Debenture Notes $30,301,436.38 52.13%No Max. on Non-Mortgage Backed Corporate Medium Term Bonds $14,570,297.00 25.07%30% of Town Portfolio Local Agency Investment Fund 6,346,874.78 10.92%$65M per State Law Subtotal - Investments 58,127,206.98 100.00% Reconciled Demand Deposit Balances 5,920,898.80 Total Treasurer's Fund $64,048,105.78 BNY MM 0.39%US Treasury Notes 11.49% Government Agency Debenture Notes 52.13% Corporate Medium Term Bonds 25.1% Local Agency Investment Fund 10.9% Portfolio Investment Allocation 60,000,000 62,000,000 64,000,000 66,000,000 68,000,000 70,000,000 72,000,000 74,000,000 76,000,000 78,000,000 80,000,000 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Treasurer's Fund Balances page 2 Town of Los Gatos Non-Treasury Restricted Fund Balances December 31, 2018 DEC 18 DEC 18 DEC 18 Previous Deposits Ending Balance Realized Gain/Adj.Interest Withdrawals Balance Non-Treasury Funds: Cert. of Participation 2002 Series A Reserve Fund 690,994.54$ 947.61$ 4,743.54$ 687,198.61$ Note 1 Cert. Of Participation 2010 Ser A Lease Pymt Fund 0.12 0.12 Note 1 Cert. of Participation 2002 Lease Payment Fund 3,995.64 4,743.54 5.46 8,744.64 Note 1 Cert. of Participation 2010 Series Reserve Fund 1,304,720.49 2,203.17 1,306,923.66 Note 2 Total Restricted Funds:1,999,710.79$ $4,743.54 $3,156.24 $4,743.54 $2,002,867.03 These accounts are not part of the Treasurer's fund balances reported elsewhere in this report, as they are for separate and distinct entities. Note 1: The three original 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. Note 2: The 2010 COP Funds are all for the Library construction, reserves to guarantee lease payments, and a lease payment fund for the life of the COP issue. The COI fund was closed in September 2010. Page 3 Town of Los Gatos Statement of Interest Earned December 31, 2018 Interest by Month July 2018 $84,433.16 August 2018 87,305.09 September 2018 86,525.12 October 2018 93,667.82 November 2018 93,016.61 December 2018 83,462.91 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 $528,410.71 Page 4 Town of Los Gatos Investment Schedule December 31, 2018 Maturity Yield to Interest Interest Interest Days Deposit Par Original Market Purchased Date or Maturity Received Earned Earned to Institution Security Date Value Cost Value Interest Call Date or Call to Date Prior Yrs.Current FY Maturity Aug_17_Security Freddie Mac Gov. Agency Debenture 08/01/16 1,000,000.00 1,005,560.00 996,272.00 4/15/2019 0.92%24,062.50$ 17,581.70$ 4,634.72$ 105 Toyota Motor Credit Corporate Bond 07/25/16 950,000.00 954,246.50 944,635.35 5/20/2019 1.24%30,848.61$ 22,779.63$ 5,945.32$ 140 FHLB Gov. Agency Debenture 9/20/2017 1,785,000.00 1,776,432.00 1,754,298.00 6/12/2020 1.56%30,134.28$ 21,464.29$ 13,955.58$ 529 FFCB Gov. Agency Debenture 10/9/2018 1,700,000.00 1,697,331.00 1,704,165.00 1,804.83 3/25/2020 2.84%(1,804.83)$ -$ 10,969.13$ 450 Microsoft Corporate Bond 8/8/2016 1,000,000.00 999,470.00 990,045.00 8/8/2019 1.12%22,000.00$ 21,159.11$ 5,634.26$ 220 FFCB Gov. Agency Debenture 9/20/2017 1,600,000.00 1,602,304.00 1,580,928.00 4/6/2020 1.54%26,737.78$ 19,146.90$ 12,448.87$ 462 FNMA Gov. Agency Debenture 9/21/2017 1,300,000.00 1,295,866.00 1,276,431.00 9/14/2020 1.61%19,120.83$ 16,136.27$ 10,528.63$ 623 US Treasury US Treasury Note 9/21/2017 1,000,000.00 997,109.38 983,867.00 5/31/2020 1.48%16,379.78$ 11,452.54$ 7,472.58$ 517 FNMA Gov. Agency Debenture 12/13/2017 2,000,000.00 2,017,900.00 1,991,200.00 10/16/2020 2.02%39,558.33$ 22,192.96$ 20,520.13$ 655 FNMA Gov. Agency Debenture 04/17/13 1,000,000.00 981,984.01 989,901.00 8/2/2019 2.17%3,572.92$ 6,897.75$ 10,847.74$ 214 Oracle Corporate Bond 5/3/2018 1,000,000.00 1,028,370.00 1,010,654.00 7/8/2019 2.54%9,027.78$ 4,127.43$ 13,093.92$ 189 FHLB Gov. Agency Debenture 8/27/2018 1,000,000.00 999,180.00 998,210.00 8/27/2019 2.46%-$ -$ 8,481.70$ 239 American Express Corporate Bond 9/15/2017 1,000,000.00 1,007,980.00 989,249.00 1/2/2020 1.87%21,266.67$ 14,619.64$ 9,340.33$ 367 Treasury US Treasury Note 4/17/2018 1,200,000.00 1,190,343.75 1,192,219.20 9/30/2019 2.32%9,524.59$ 5,603.23$ 13,932.35$ 273 FHLB Gov. Agency Debenture 5/25/2018 2,000,000.00 1,989,800.00 1,990,940.00 9/13/2019 2.40%12,000.00$ 4,716.63$ 24,107.24$ 256 Treasury US Treasury Note 7/2/2018 1,000,000.00 989,218.75 993,164.00 7/31/2019 2.39%1,101.52$ -$ 11,836.34$ 212 FreddieMac Gov. Agency Debenture 12/20/2017 1,000,000.00 991,200.00 988,783.00 1/17/2020 1.93%8,625.00$ 10,119.43$ 9,697.79$ 382 FreddieMac Gov. Agency Debenture 12/18/2018 1,000,000.00 987,160.00 988,783.00 6,291.67 1/17/2020 2.71%(6,291.67)$ -$ 956.83$ 382 FNMA Gov. Agency Debenture 7/25/2018 1,000,000.00 980,540.00 985,690.00 12/30/2019 2.54%4,951.39$ -$ 10,925.73$ 364 FHLB Gov. Agency Debenture 7/25/2018 1,500,000.00 1,479,404.42 1,485,315.00 2/7/2020 2.59%840.00$ -$ 16,804.40$ 403 American Honda Corporate Bond 4/11/2018 1,000,000.00 990,620.00 992,170.00 11/13/2019 2.61%11,944.44$ 5,675.13$ 13,052.79$ 317 Disney Corporate Bond 12/1/2017 1,000,000.00 998,190.00 990,318.00 3/4/2020 2.03%14,784.50$ 11,736.09$ 10,234.31$ 429 FFCB Gov. Agency Debenture 6/1/2018 1,000,000.00 1,001,454.00 998,580.00 10/21/2019 2.38%11,711.11$ 1,887.24$ 11,974.23$ 294 FHLB Gov. Agency Debenture 9/14/2018 1,000,000.00 998,101.00 1,001,443.00 5/28/2020 2.46%4,885.42$ -$ 8,096.85$ 514 US Bamcorp Corporate Bond 10/19/2018 1,000,000.00 986,540.00 990,662.00 4,722.22 12/24/2019 3.09%(4,722.22)$ -$ 6,279.77$ 358 Chevron Corporate Bond 11/9/2017 1,350,000.00 1,366,834.50 1,342,074.15 5/24/2020 1.94%36,860.06$ 16,684.10$ 13,175.42$ 510 FFCB Gov. Agency Debenture 4/29/2016 1,000,000.00 1,001,870.00 997,100.00 3/21/2019 1.09%27,775.56$ 23,767.91$ 5,521.84$ 80 FFCB Gov. Agency Debenture 10/28/2016 1,000,000.00 997,507.00 987,380.00 10/17/2019 1.14%20,679.17$ 18,950.83$ 5,716.32$ 290 FNMA Gov. Agency Debenture 11/15/2016 1,500,000.00 1,487,505.00 1,484,016.00 8/28/2019 1.31%26,791.66$ 31,609.32$ 9,824.52$ 240 FHLMC Gov. Agency Debenture 3/14/2017 2,000,000.00 1,970,180.00 1,980,922.00 7/19/2019 1.52%23,576.39$ 39,136.50$ 15,224.34$ 200 FNMA Gov. Agency Debenture 12/20/2017 1,550,000.00 1,545,642.95 1,537,516.30 11/26/2019 1.90%25,316.67$ 15,453.41$ 14,809.52$ 330 Freddie Mac Gov. Agency Debenture 9/29/2017 1,000,000.00 998,900.00 986,320.00 6/29/2020 1.67%20,312.50$ 12,498.83$ 8,393.37$ 546 JP Morgan Chase Corporate Bond 3/28/2017 1,400,000.00 1,393,196.00 1,387,117.20 8/23/2019 1.86%34,329.17$ 32,606.03$ 13,070.83$ 235 US Treasury US Treasury Note 3/31/2017 1,000,000.00 1,004,218.75 997,742.00 3/31/2019 1.29%22,500.00$ 16,104.45$ 6,498.29$ 90 FNMA Gov. Agency Debenture 4/25/2017 1,000,000.00 1,013,390.00 993,940.00 2/7/2020 1.50%25,666.67$ 17,947.39$ 7,662.00$ 403 PNC Bank Corporate Bond 4/4/2017 1,000,000.00 1,003,120.00 998,256.00 2/2/2019 1.29%27,625.00$ 22,039.96$ 8,972.02$ 33 Treasury US Treasury Note 5/2/2017 500,000.00 503,339.84 497,734.50 6/30/2019 1.31%13,511.74$ 7,643.56$ 3,317.02$ 181 Pepsico Corporate Bond 5/15/2017 1,250,000.00 1,249,600.00 1,231,901.25 3/30/2020 1.31%33,723.96$ 26,195.95$ 11,727.63$ 455 Pfizer Corporate Bond 6/30/2017 1,000,000.00 1,002,280.00 990,350.00 12/15/2019 1.60%24,791.67$ 16,073.27$ 8,102.69$ 349 Treasury US Treasury Note 6/30/2017 1,000,000.00 1,002,148.44 990,664.00 10/31/2019 1.41%20,013.59$ 14,080.68$ 7,098.21$ 304 Treasury US Treasury Note 6/30/2017 1,000,000.00 994,726.56 985,547.00 1/31/2020 1.46%13,570.44$ 14,536.83$ 7,328.16$ 396 Toyota Motor Credit Corporate Bond 10/6/2017 500,000.00 503,545.00 494,209.00 3/12/2020 1.85%10,033.33$ 6,797.80$ 4,684.63$ 437 Berkshire Hathaway Corporate Bond 1/22/2018 1,100,000.00 1,086,305.00 1,088,453.30 8/15/2019 2.11%8,063.61$ 10,049.50$ 11,629.61$ 227 Freddie Mac Gov. Agency Debenture 3/1/2018 1,500,000.00 1,482,225.00 1,490,370.00 6/24/2019 2.11%15,260.42$ 10,696.53$ 16,265.80$ 175 Subtotal 51,573,728.85 51,552,838.85$ 51,269,535.25$ 12,818.72$ 740,660.33$ 570,168.86$ 450,793.75$ (20,890.00) BNY MM 227,493.35 227,493.35 0.00%1 LAIF N/A 12/31/14 6,346,874.78 6,346,874.78 2.29%59,867.06 1 $58,127,206.98 $57,843,903.38 740,660.33$ 570,168.86$ 510,660.80$ Bank of the West Matured Assets Treasury US Treasury Note 07/31/15 1,000,000.00 1,010,625.00 7/2/2018 1.00%40,091.71$ 29,514.78$ 55.43$ FHLB Gov. Agency Debenture 8/20/2015 1,250,000.00 1,247,075.00 7/25/2018 1.13%38,791.67$ 40,433.71$ 967.31$ FHLB Gov. Agency Debenture 8/25/2015 1,000,000.00 999,500.00 7/25/2018 1.07%30,887.50$ 30,406.07$ 730.92$ FHLB Gov. Agency Debenture 06/09/15 1,000,000.00 997,710.00 8/27/2018 1.22%36,991.66$ 37,370.11$ 1,940.44$ FHLB Gov. Agency Debenture 10/27/2015 1,000,000.00 1,005,030.00 9/14/2018 0.95%32,406.25$ 25,446.05$ 1,979.43$ US Bancorp Corporate Bond 8/8/2016 1,000,000.00 1,019,550.00 10/15/2018 1.08%44,254.17$ 19,987.80$ 3,095.07$ FFCB Gov. Agency Debenture 10/29/2015 1,500,000.00 1,494,840.00 10/9/2018 0.99%38,645.83$ 39,735.58$ 4,116.20$ FHLMC Gov. Agency Debenture 4/29/2016 1,000,000.00 1,008,050.00 12/17/2018 1.04%28,800.00$ 22,665.71$ 4,865.11$ 0 Total Investments "Matured"8,782,380.00 290,868.79 245,559.82 528,410.71 Maturity Profile Amount 0-1 year $36,151,233.12 1-2 years $21,975,973.86 2-3 years $0.00 3-5 years $0.00 $58,127,206.98 Amortized Institution Cost BNY Assets $51,552,838.85 BNY MM 227,493.35 LAIF 6,346,874.78 Totals:$58,127,206.98 Market to Cost Position Report Page 5 This Page Intentionally Left Blank