01 Staff Report - Treasurer's Reports for May & June 2006~pW N 0
~~S GAZps
DATE:
TO:
FROM:
SUBJECT:
COUNCIL AGENDA REPORT
July 27, 2006
MEETING DATE: 08/07/06
ITEM NO. J
MAYOR AND TOWN COUNCIL
LINDA LUBECK, TOWN TREASURER
TREASURER'S REPORTS FOR MAY & JUNE, 2006
RECOMMENDATION:
Accept reports as attached.
DISCUSSION:
Attached for your review and acceptance are the Treasurer's reports for May and June, 2006..
Prime increased to 8.25% on June 29, 2006. Treasurer's funds remained fairly stable during the
period. Interest rates continued to rise slightly, as did the Town's overall performance.
The cash at Union Bank was reinvested into the market during the month of May, with the advice
of MBIA, at higher rates overall. Some diversification of the portfolio is occuring, with a move to
include Treasury's again.
ENVIRONMENTAL ASSESSMENT:
Is not a project defined under CEQA, and no further action is required.
FISCAL IMPACT: None
Attachments: Treasurer's reports dated July, 2006.
PREPARED BY: Linda L. Lubeck, Town Treasurer
Reviewed by: own ManagerAssistant Town Manager _
Clerk_ainance Community Development
Distribution: Town Council; Town Manager; Finance Director
Town Attorney
e'vised:7/27/06 9:04 am
Reformatted: 5/30/02
Meeting date: August 7, 2006
Item No:
Town of Los Gatos
Treasurer's Report
for the month ended
May 31, 2006
Submitted July 17, 2006
by
Linda L. Lubeck
Distribution: Town Clerk
Town Manager
Town Council
Town of Los Gatos
Summary Investment Information'
May 31, 2006
Weighted Average Portfolio Yield:
3.98%
Weighted Average Maturity (days) 287
This Month
Last Month
One year ago
Portfolio Balance
$66,424,046
$65,264,285
$56,530,508
Benchmarks/ References:
Town's Average Yield
3.98%,
3.78%
2.86%
LAIF Yield for month
4.56%
4.31%
2.86%
3 mo. Treasury
4.84%
4.76%
3.00%
6 mo. Treasury
5.03%
4.92%
3.17%
2 yr. Treasury
4.93%
4.98%
3.62%
5 yr. Treasury (most recent)
4.95%
4.96%
3.89%
Prime rate
8.00%
7.75%
6.00%
Most recent auctions of
Freddie Mac or Fannie Mae Reference Notes:
3 yr. Freddie Mac (05/25/06) 5.25%
2 yr. Freddie Mac (04/13/06) 5.13%
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 2
Town of Los Gatos
Portfolio Allocation & Treasurer's Fund Balances
May 31, 2006
Fund Balances - Beginning of Month/Period
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
YTD
$65,264,285.19
$57,531,241.44
3,312,071.83
40,841,097.80
(2,152,310.62)
(31,948,292.84)
$66,424,046.40 -
$66,424,046.40
2,438,401.64
36,310,662.61
24.837,414.80
63,586,479.05
2,837,567.35
$66,424,046.40
Portfolio Investment Allocation
Union MM
3.8%
Local Agency Investment Fund
39.1%
31+ f,.
Govt Agencies
57.1%
Treasurer's Fund Balances
$68,000,000
$67,000,000
$66,000,000
$65,000,000
$64,000,000
$63,000,000
$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 -jam&
$53,000,000 9 1'
$52,000,000
R h h V1 Vl 91 'n ,n CD ~
0 0 0 0 0 0 0 0 0 0 0 0
TC Gp CL > U C
O z Q [
page 2
Town of Los Gatos
Non-Treasury Restricted Fund Balances
May 31, 2006
Previous
Ending
Balance Deposits Interest Withdrawals
Balance
Non-Treasury Funds:
Downtown Parking District 12/20/02 245,058.34 524.83
245,583.17 Note I
Certificates of Participation Reserve Fund (Lot 4) 259,954.26 886.02
260,840.28 Note 2
Cert. of Participation Lease Payment Fund (Lot 4) 90,311.49 611164.60 307.81
151,783.90 Note 3
Cert. of Participation 2002 Series A Const. Fund 1,300,643.48 12,919.73 257301.82
1,288,261.39 Note 4
Cert. of Participation 2002 Series A Reserve Fund 753,113.04 141463.31 21.99
767,554.36 Note 4
Cert. Of Participation 2002 Series A Interest Fund 298.71 0.94
299.65
Cert. Of Participation 2002 Series A COI Fund 0.00 0.00 0.00
0.00 Note 4
Total Restricted Funds: $2,649,379.32 $61,164.60 $29,102.64 $25,323.81
$2,714,322.75
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: 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.
Page 3
Town of Los Gatos
Statement of Interest Earned
May 31, 2006
Current
Fiscal
Month
Year to Date
Interest received from Investments
132,615.00
1,576,860.62
Add: Interest accrued at end of period (see page 5)
178,631.99
178,631.99
Less: Interest accrued at beginning of period
(103,002.10)
(33,323.60)
Interest earned on investments
$208,244.89
$1,722,169.01
Page 4
Town of Los Gatos
Inactive Deposits by Institution
Market to Cost Position Report
May 31, 2006
Inactive Deposits by Institution .
Deposit
Amortized
Maturity
Days
Days to
Days
Yield to
Interest
Interest
Interest
Del) Institution
Security
Date
Cost
Date
Elapsed
Maturity
Invested
Maturity
Earned
Received
Accrued
920 FNMA
Coupon Note
06/22/01
2,001,740.00
06/15/06
1804
15
1819
5.23%
517,452.47
470,484.30
46,968.17
FHLB
Discount Note
05/12/06
1,140,118.63
07/14/06
19
44
63
5.02%
2,979.90
0.00
2,979.90
FHLB
Discount Note
05/12/06
1,185,060.83
08/11/06
19
72
91
5.06%
3,118.95
0.00
3,118.95
FNMA
Discount Note
05/12/06
1,078,739.44
09/29/06
19
121
140
5.1411b
2,885.17
0.00
2,885.17
939 FFCB
Coupon Note
03/16/05
498,560.00
12/11106
441
194
635
3.80%
22,890.05
13,342.01
9,548.04
934 FNMA
Coupon Note
08/18/04
1,491,000.00
01/12/07
651
226
877
3.06%
81,386.57
58,800.00
22,586.57,
940 FHLB
Coupon Note
03/16/05
543,228.45
02109/07
441
254
695
3.93%
25,794.12
13,743.65
12,050.47
929 FNMA
Coupon Note
02/09/04
2,000,000-00
05/09107
842
343
1185
3.00%
138,410.96
120,000.00
18,410.96
942 FHLB
Coupon Note
05/16/05
999,000.00
05/16/07
380
350
730
4.04%
42,049.42
39,900.00
2,149.42
943 FNMA
Coupon Note
07/01/05
749,032.50
05/17/07
334
351
685
3.82%
26,148.62
10,625.00
15,523.62
946 FHLMC
Discount Note
08/15/05
1,500,000.00
11/15/07
289
533
822
4.50%
53,397.70
33,750.00
19,647.70
930 FHLMC
Coupon Note
02/24/04
2,505,250.00
08/24/07
827
450
1277
3.16%
179,143.36
161,000.00
18,143.36
944 FNMA-
-Coupon Note
07/01/05
984,074.54
- 12/15/07
334
563
- 897 -
. 3:81%
34,281:87
-14,236.11 -
20,045.76
947 FHLMC
Discount Note
08/15/05
999,700.00
02115/08
289
625
914
4.51%
35,722.35
22,500.00
13,222.35
USTreasury
Note
05/12/06
1,986,562.50
03/31/08
19
670.
689.
5.00%
5,170.51
5,170.51
945 FHLB
Coupon Note
07/01/05
755,975.25
04/18/08
334
688
1022
3.80%
26,307.98
24,664.06
1,643.92
FHLB
Coupon Note
05112/06
1,498,035.00
03/13/09
19
1017
1036
5.30%
4,131.38
4,131.38
USTreasury
Note
05/15/06
1,992,343.75
05/15/09
16
1080
1096
5.01%
4,379.01
4,379.01
FHLMC
Coupon Note
06/27/03
500,930.00
06/02106
1069
2
1071
2.076%
30,457.15
26,128.47
4,328.68
FHLMC
Coupon Note
06/30/03
387,296.88
07/15/06
1066
45
1111
1.872%
21,174.55
48,927.08
(27,752.53)
FNMA
Coupon Note
06110/04
297,213.00
08/11/06
720
72
792
3.177%
18,626.22
13,772.92
4,853.30
FHLB
Coupon Note
06/30/03
400,000.00
09/29/06
1066
121
1187
2.2001%
25,700.82
20,200.00
5,500.82
FHLMC
Coupon Note
02/22/05
197,629.00
10/15/06
463
137
600
3.507%
8,791.73
6,309.72
2,482.01
FHLB
Coupon Note
06/24/03
688,076.80
11/15/06
1072
168
1240
1.825%
36,880.92
76,340.00
(39,459.08)
FFCB
Coupon Note
06/25/03
660,954.00
12/19/06
1071
202
1273
1.844%
35,762.57
72,637.50
(36,874.93)
FHLB
Coupon Note
06/30/03
400,000.00
12/29/06
1066
212
1278
2.225%
25,992.88
22,250.00
3,742.88
FNMA
Coupon Note
02/22/05
195,358.60
02/15/07
463
260
723
3.363%
8,333.89
4,657.64
3,676.25
FHLMC
Coupon Note
06/25/03
662,652.00
03/15/07
.1071
288
1359
1.946%
37,837.72
79,625.00
(41,787.28)
FNMA
Coupon Note
06/30/03
333,597.66
04/15/07
1066
319
1385
2.150%
20,947.19
43,968.75
(23,021.56)
FHLMCMTN Coupon Note
06/27/03
402,556.00
05/29/07
1069
363
1432
2.808%
33,106.12
35,033.33
(1,927.21)
FNMA
Coupon Note
06/30/03
375,219.60
07/15/07
1066
410
1476
2.359%
25,851.03
37,807.29
(11,956.26)
FHLB
Coupon Note
06/24/03
672,825.60
11/15/07
1072
533
1605
2.257%
44,600.12
64,773.33
(20,173.21)
FNMA
Coupon Note
06124/03
299,475.00
12/24/07
1072
572
1644
2.528%
22,235.12
18,750.00
3,485.12
FNMA
Coupon Note
06/27/03
649,785.94
01/15108
1069
594
1663
2.492%
47,424.55
52,211.00
(4,786.45)
FHLMC
Coupon Note
09/30104
198,630.00
02/25/08
608
635
1243
3.462%
11,454.67
9,118.06
2,336.61
FHLMC
Coupon Note
06/26/03
657,396.09
03/15/08
1070
654
1724
2.294%
44,209.08
48,236.08
(4,027.00).
FHLB
Coupon Note
06/30/03
286,162.50
04/15/08
1066
685
1751
2.633%
22,005.33
41,037.50
(19,032.17)
FHLB
Coupon Note
06/26/03
661,764.30
05/13/08
1070
713
1783
2.507%
48,634.96
99,253.86
(50,618.90)
FHLMC MTN Coupon Note
06/30/03
228,298.00
06/13/08
1066
744
1810
2.894%
19,295.90
15,513.82
3,782.08
FHLMC
Coupon Note
0624/03
500,000.00
06/18/08
1072
749
1821
2.750%
40,383.56
34,375.00
6,008.56
FNMA
Coupon Note
09/30/04
198,597.00
08/15/08
608
807
1415
3.442%
11,386.61
8,937.50
2,449.11
FNMA
Coupon Note
11/16/04
199,216.00
09/15/08
561
838
1399
3.866%
11,837.39
9,979.17
1,858.22
FNMA
Coupon Note
01/19/05
248,157.50
09/15/08
497
838
1335
3.974%
13,428.23
10,833.33
2,594.90
FNMA
Coupon Note
11/16/04
199,552.00
11/17108
561
901
1462
3.936%
12,072.05
11,646.53
425.52
FHLMC
Coupon Note
07/07105
296,403.00
01/12/09
328
957
1285
4.313%
11,487.96
6,619.79
4,868.17
FNMA
Coupon Note
01/21/05
242,400.00
03/16/09
495
1020
1515
3.930%
12,91916
9,006.08
3,913.18
FHLMC
Coupon Note
06/17/05
300,198.00
07/30/09
348
1156
1504
4.359%
12,476.16
8,130.21
4,345.95
FHLMC
Coupon Note
08/01/05
298,332.00
07/30/09
303
1156
1459
4.527%
11,211.41
6,526.04
4,685.37
FHLMC
Coupon Note
06/14/05
298,683.00
09/01/09
351
1189
1540
4.237%
12,169.79
8,834.37
3,335.42
FHLMC
Coupon Note
01/21/05
149,686.50.
09/01/09
495
1189
1684
4.180%
8,485.38
6,875.00
1,610.38
FHLMC
Coupon Note
06/14/05
299,331.00
01/25/10
351
1335
1686
4.431%
12,754.63
8,057.29
4,697.34
Subtotal
36,294,797.86
Union MM
2,438,401.64
30
30
4.52%
9,058.83
9,058.83
Purchased Interest
15,864.75
LAIF
N/A
04/01/06
24,837,414.80
06/30/06
60
30
90
4.56%
153,404.65
153,404.65
63,586,479.05 287 3.98% 2,128,048.78 1,949,416.79 178,631.99
Maturity Profile
0-1 year
1-2 years
2-3 years
3-5 years
Amount
44,104,424.98
12,532,821.32
5,603,002.25
1.346.230.50
Percent
69.36%
19.71%
8.81%
2.12%
100.00%
63,586,479.05
Market to Cost Position Report
Dep Institution Security Market Amortized
Price Cost
Market Unrealized
Value* Gain (Loss)
Union Bank Assets
36,294,797.86
35,397,639.60
(897,158.26)
Union MM
2,438,401.64
2,438,401.64
0.00
Purchased Interest
15,864.75
15,864.75
LAIF
24,837,414.80
24,837,414.80
0.00 * Source: Treasury and Agency Obligations -Union Bank of California
Totals:
63,586,479.05
62,689,320.79
_ 897,158.26) LAIF balances per Local Agency Investment Fund monthly statement.
Meeting date: August 7, 2006
Item No:
Town of Los Gatos
Treasurer's Report
for the month ended
June 30, 2006
Submitted July 26, 2006
by
Linda L. Lubeck
Distribution: Town Clerk
Town Manager
Town Council
Town of Los Gatos
Summary Investment Information
June 30, 2006
Weighted Average Portfolio Yield: 4.17% Weighted Average Maturity (days)
This Month Last Month One year ago
Portfolio Balance $66,482,900 $66,424,046 $56,530,508
Benchmarks/ References:
Town's Average Yield
4.17%
LA IF Yield for month
4.60%
3 mo. Treasury
5.04%
6 mo. Treasury
-
- - - - -
5.32%
-
-
2 yr. Treasury
5.24%
5 yr. Treasury (most recent)
5.20%
Prime rate
8.25%
Most recent auctions of
Freddie Mac or Fannie Mae Reference Notes:
3 yr. Freddie Mac (05/25/06) 5.25%
2 yr. Fannie Mae (06/13/06) 5.27%
307
3.98%
2.86%
4.56%
2.86%
4.84%
3.00%
5.03%
3.17%
4.93%
3.62% - - - -
4:95%
3.89%
8.00%
6.00%
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 2
Town of Los Gatos
Portfolio Allocation & Treasurer's Fund Balances
June 30, 2006
Fund Balances - Beginning of Month/Period
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
Local Agency Investment Fund
39.0%
w~
Portfolio Investment Allocation
Union MM
0.5%
US Govt Agencies
60.5%
Treasurer's Fund Balances
$68,000,000
- -
- -
$67,000,000
$66,000,000
$65000000-
$64:000:000
$63,000,000
$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
0 0
0 0 0 0 0
C
°
to L >
o z Q
0
0
0
0
0
0
Month
YTD
$66,424,046.40
$57,531,241.44
2,907,174.25
43,748,272.05
(2,848,320.83)
(34,796.613.67)
$66,482,899.82
$66,482,899.82
304,214.77
38,579,190.09
24,837,414.80
63,720,819.66
2.762,080.16
$66,482,899.82
page 2
Town of Los Gatos
Non-Treasury Restricted Fund Balances
June 30, 2006
Previous
Balance Deposits
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 COI Fund
Total Restricted Funds:
Ending
Interest Withdrawals Balance
245,583.17
543.49
246,126.66
Note1
260,840.28
947.25
261,787.53
Note2
151,783.90 40,776.40
544.23
19304.53
Note3
1,288,261.39 400,000.00
0.84
0.01
11688,262.22
Note4
767,554.36
287.92
25.19
767,817.09
Note 4
299.65
1.02
0.01
300.66
0.00
0.00
0.00
0.00
Note 4
$2,7141322.75 $440,776.40 $2,324.75 $25.21 $3,157,398.69
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: 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.
S
Page 3
Town of Los Gatos
Statement of Interest Earned
June 30, 2006
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
Current
Month
134,573.19
268,699.72
(178,631.99)
$224,640.92
Fiscal
Year to Date
1,711,433.81
268,699.72
(33,323.60)
$1,946,809.93
Page 4
Town of Los Gatos
Inactive Deposits by Institution
Market to Cost Position Report
June 30, 2006
Inactive Deposits by Institution
Deposit
Amortized
Maturity
Days
Days to
Days
Yield to
Interest
Interest
Interest
Deo Institution
Security
Date
Cost
Date
Elapsed
Maturity
Invested
Maturity
Earned
Received
Accrued
FHLB
Discount Note
05/12/06
1,140,118.63
07/14/06
49,
14
63
5.021%
7,684.99
0.00
7,684.99
FHLB
Discount Note
05/12/06
1,185,060.83
08/11/06
49
42
91
5.056%
8,043.61
0.00
8,043.61
FNMA
Discount Note
05/12/06
1,078,739.44
09/29/06
49
91
140
5.138%
7,440.70
0.00
7,440.70
FNMA
Discount Note
06/02/06
1,275,395.33
10/16/06
28
108
136
5.178%
5,066.08
5,066.08
939 FFCB
Coupon Note
03116/05
498,560.00
12/11/06
471
164
635
3.800%
24,447.20
22,404.51
2,042.69
934 FNMA
Coupon Note
08/18/04
1,491,000.00
01/12/07
681
196
877
3.060%
85,137.11
58,800.00
26,337.11
940 FHLB
Coupon Note
03/16/05
543,228.45
02/09/07
471
224
695
3.930%
27,548.83
13,743.65
13,805.18
929 FNMA
Coupon Note
02/09/04
2,000,000.00
05/09107
872
313
1185
3.000%
143,342.47
120,000.00
23,342.47
942 FHLB
Coupon Note
05/16/05
999,000.00
05/16/07
410
320
730
4.043%
45,369.11
39,900.00
5,469.11
943 FNMA
Coupon Note
07/01/05
749,032.50
05/17/07
364
321
685
3.815%
28,497.30
10,625.00
17,872.30
930 FHLMC
Coupon Note
0224/04
2,505,250.00
08/24/07
857
420
1277
3.156%
185,641.91
161,000.00
24,641.91
946 FHLMC
Discount Note
08/15/05
1,500,000.00
11/15/07
319
503
822
4.496%
58,940.71
33,750.00.
25,190.71
- - -944-FNMA -
-CouponNote -
-07/01/05--
._-984;074:54--
--12/15/07--
---364-
-533-
897--
-3.807%
37;361:08
9;861:11-
--7;499:97--
947 FHLMC
Discount Note
08/15/05
999,700.00
02/15/08
319
595
914
4.513%
39,430.55
22,500.00
16,930.55
USTreasury
Note
05/12/06
1,986,562.50
03/31/08
49
640
689
5.000%
13,334.46
13,334.46
945 FHLB
Coupon Note
07/01/05
755,975.25
04/18/08
364
658
1022
3.803%
28,670.97
24,664.06
4,006.91
USTreasury
Note
06/15/06
1,990,312.50
05/31/08
15
701
716
5.135%
4,200.10
4,200.10
FHLB
Coupon Note
05/12/06
1,498,035.00
03/13/09
49
987
1036
5.298%
10,654.60
10,654.60
USTreasury
Note
05115106
1,992,343.75
05/15/09
46
1050
1096
5.014%
12,589.65
12,589.65
FHLB
Coupon Note
06/15/06
1,493,400.00
06/12/09
15
1078
1093
5226%
3,207.33
3,207.33 .
FHLMC
Coupon Note
06/30/03
387,296.88
07/15/06
1096
15
1111
1.872%
21,770.46
48,927.08
(27,156.62)
FNMA
Coupon Note
06/10/04
297 213.00
08/11/06
750
42
792
3.177%
19;402.31
13,772.92
5,629.39
FHLB
Coupon Note
06/30/03
400,000.00
0929/06
1096
91
1187
2.200%
26,424.11
24,240.00
2,184.11
FHLMC
Coupon Note
0222/05
197,629.00
10/15/06
493
107
600
3.507%
9,361.39
6,309.72
3,051.67
FHLB
Coupon Note
0624/03
688,076.80
11/15/06
1102
138
1240
1.825%
37,913.03
76,340.00
(38,426.97)
FFCB
Coupon Note
06/25/03
660,954.00
12/19/06
1101
172
1273
1.844%
36,764.33
87,262.50
(50,498.17)
FHLB
Coupon Note
06/30/03
400,000.00
12/29/06
1096
182
1278
2225%
26,724.38
26,700.00
24.38
FNMA
Coupon Note
0222/05
195,358.60
02115/07
493
230
723
3.363%
8,873.88
4,657.64
4,216.24
FHLMC
Coupon Note
0625/03
662,652.00
03/15/07
1101
258
1359
1.946%
38,897.60
79,625.00
(40,727.40)
FNMA
Coupon Note
06/30/03
333,597.66
04/15/07
1096
289
1385
2.150%
21,536.70
43,968.75
(22,432.05)
FHLMC MTN Coupon Note
06/27/03
402,556.00
05/29/07
1099
333
1432
2.808%
34,035.19
35,033.33
(998.14)
FNMA
Coupon Note
06/30/03
375219.60
07/15/07
1096
380
1476
2.359%
26,578.54
37,807.29
(11,228.75)
FHLB
Coupon Note
06/24/03
672,825.60
11/15/07
1102
503
1605
2.257%
45,848.25
64,773.33
(18,925.08)
FNMA
Coupon Note
06/24/03
299,475.00
1224/07
1102
542
1644
2.528%
22,857.38
22,500.00
357.38
FNMA
Coupon Note
06/27/03
649,785.94
01/15/08
1099
564
1663
2.492%
48,755.45
52,211.00
(3,455.55)
FHLMC
Coupon Note
09/30/04
198,630.00
02/25/08
638
605
1243
3.462%
12,019.87
9,118.06
2,901.81
FHLMC
Coupon Note
06/26/03
657,396.09
03/15/08
1100
624
1724
2294%
45,448.58
48,236.08
(2,787.50)
FHLB
Coupon Note
06/30/03
286,162.50
04/15/08
1096
655
1751
2.633%
22,624.62
41,037.50
(18,412.88)
FHLB
Coupon Note
0626/03
661,764.30
05/13/08
1100
683
1783
2.507%
49,998.56
99,253.86
(49,255.30) _
FHLMC MTN Coupon Note
06/30/03
228,298.00
06/13/08
1096
714
1810
2.894%
19,838.93
18,676.32
1,162.61
FHLMC
Coupon Note
06/24/03
500,000.00
06/18/08
1102
719
1821
2.750%
41,513.70
41,250.00
263.70
FNMA
Coupon Note
09/30/04
198,597.00
08/15/08
638
777
1415
3.442%
11,948.44
8,937.50
3,010.94
FNMA
Coupon Note
11/16/04
199,216.00
09/15/08
591
808
1399
3.866%
12,470.41
9,979.17
2,49124
FNMA
Coupon Note
01/19/05
248,157.50
09/15/08
527
808
1335
3.974%
14,238.79
10,833.33
3,405.46
FNMA
Coupon Note
11/16/04
199,552.00
11/17/08
591
871
1462
3.936%
12,717.62
11,646.53
1,071.09
FHLMC
Coupon Note
07107/05
296,403.00
01112/09
358
927
1285
4.313%
12,538.69
6,619.79
5,918.90
FNMA
Coupon Note
01/21/05
242,400.00
03/16/09
525
990
1515
3.930%
13,70224
9,006.08
4,696.16
FHLMC
Coupon Note
06/17/05
300,198.00
07/30/09
378
1126
1504
4.359%
13,551.69
8,13021
5,421.48
FHLMC
Coupon Note
08/01/05
298,332.00
07/30/09
333
1126
1459
4.527%
12,321.45
6,526.04
5,795.41
FHLMC
Coupon Note
06/14/05
298,683.00
09/01/09
381
1159
1540
4.237%
13,209.95
8,834.37
4,375.58
FHLMC
Coupon Note
01/21/05
149,686.50
09/01/09
525
1159
1684
4.180%
8,999.64
6,875.00
2,124.64
FHLMC
Coupon Note
06/14/05
299,331.00
01/25/10
381
1305
1686
4.431%
13,844.76
8,057.29
5,787.47
Subtotal
38,551,235.69
Union MM
304,214.77
30
30
4.71%
1,177.69
1,177.69
Purchased Interest
27,954.40
LAW
N/A
04/01/06
24,837,414.80
06/30/06
90
0
90
4.60%
248,576.35
248,576.35
63,720,819.66 307 4.17% 1,783,093.74 1,514,394.02 268,699.72
Maturity Profile
0-1 year
1-2 years
2-3 years
3-5 years
Amount
40,755,053.09
15,251,431.82
6,368,104.25
1.346.230.50
63,720,819.66
Market Amortized
Price Cost
Percent
63.96%
23.93%
9.99%
2.11%
100.00%
Market Unrealized
Value* Gain (Loss)
Market to Cost Position Report
Deo Institution Security
Union Bank Assets
38,551,235.69
37,650,178.50
(901,057.19)
Union MM
304,214.77
304,214.77
0.00
Purchased Interest
27,954.40
27,954.40
LAIF
24,837,414.80
24,837,414.80
0.00 *Source: Treasury and Agency Obligations -Union Bank of Califomia
Totals:
63,720,819.66
62,819,762.47 _a
ge 01,057.19) LAIF balances per Local Agency Investment Fund monthly statement.