03 Staff Report - Treasurer's Report December 2006 and January 2007MEETING DATE: 03/19/07
.~pW N OF
ITEM NO.
' COUNCIL AGENDA REPORT
!ps 6 AZpS
DATE: March 14, 2007
TO: MAYOR AND TOWN COUNCIL
FROM: LINDA SPEICHER, TOWN TREASURER
SUBJECT: TREASURER'S REPORTS FOR DECEMBER 2006 AND JANUARY 2007
RECOMMENDATION:
Accept reports as attached.
DISCUSSION:
Attached for your review and acceptance are the Treasurer's reports for the months of December,
2006 and January 2007.
Prime remained steady during the period, with no foreseeable raises by the Federal Reserve on the
horizon. Interest rates continued to rise slightly for the overall portfolio, as investments matured
and were reinvested into higher earning investments.
ENVIRONMENTAL ASSESSMENT:
Is not a project defined under CEQA, and no further action is required.
FISCAL IMPACT: None
Attachments: Treasurer's reports dated March 14, 2007
PREPARED BY: Linda L. Speicher, Town Treasurer
Reviewed by: own Manager C° ssistant Town Manager Town Attorney
ClerkFinance Community Development Revised: 3/14/07 6:44 pm
Distribution: Town Council; Town Manager; Finance Director
Reformatted: 5/30/02
i i.
Meeting date: March 19, 2006
Item No:
Town of Los Gatos
Treasurer's Report
for the month ended
December 31, 2006
Submitted March 14, 2006
by
Linda L. Speicher
Distribution: Town Clerk
Town Manager
Town Council
Town of Los Gatos
Summary Investment Information
December 31, 2006
Weighted Average Portfolio Yield: 4.50% Weighted Average Maturity (days) 397
This Month Last Month One year ago
Portfolio Balance $65,101869 $62,014,452 $58,256,368
Benchmarks/ References:
Town's Average Yield
4.50%
LAIF Yield for month
5.11%
3 mo. Treasury
5.00%
6 mo. Treasury
5.09%
2 yr. Treasury
4.77%
5 yr. Treasury (most recent)
4.70%
Prime rate
8.25%
Most recent auctions of
Freddie Mac or Fannie Mae Reference Notes:
3 yr. Fannie Mae (12/19/06)
4.73%
2 yr. Freddie Mac (01/16/07)
5.01%
4.39%
3.35%
5.13%
3.81%
5.04%
4.00%
5.13%
4.35%
4.69%
4.40%
4.51%
4.44%
8.25%
7.25%
Portfolio Maturity Profile
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
L
3 - 5 years
I 1 °lo
Town of Los Gatos
Portfolio Allocation & Treasurer's Fund Balances
December 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
$62,014,452.03 $66,482,899.82
5,723,199.97 18,702,103.68
(2,633,782.65) (20,081,134.15)
$65,103,869.35 $65,103,869.35
S392,560.41
39,106,092.47
23,367,390.59
62,866,043.47
2.237,825.88
$65,103,86935
Portfolio Investment Allocation
Union MM
0.6%
Treasurer's Fund Balances
$68.000.000 T.
$66.000.000
$64.000.000
$62,000.000
$60.000.000
$58.000.000
$56,000.0001
$54,000.000
$52.000.000 - - - -
o c ~ o 0 0 0 0
L v T cG f1 ? v
o
page 2
Town of Los Gatos
Non-Treasury Restricted Fund Balances
December 31, 2006
Previous
Balance Deposits
Non-Treasury Funds
Downtown Parking District 12/20/02
$248,826.75
Certificates of Participation Reserve Fund (Lot 4)
258,184.79
Cert. of Participation Lease Payment Fund (Lot 4)
87,132.14 18,753.99
Cert. of Participation 2002 Series A Const. Fund
535,132.60
Cert. of Participation 2002 Series A Reserve Fund
783,580.23
Cert. Of Participation 2002 Series A Interest Fund
324.85
Cert. Of Participation 2002 Series A COI Fund
0.00
Total Restricted Funds: $1,913.181.36 $18,753.99 $2,194.42 $115,509.99 $1,818,619.78
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.
Ending
Interest
Withdrawals
Balance
$532.90
$249,359.65
Note t
1,002.84
259,187.63
Note 2
287.48
106,173.61
Note 3
1.62
115.480.82
419,653.40
Note 4
368.38
29.17
783.919.44
Note 4
1.20
326.05
0.00
0.00
0.00
Note 4
Page 3
Town of Los Gatos
Statement of Interest Earned
December 31, 2006
Current Fiscal
Month Year to Date
Interest received from Investments $61,846.81 $1,146,833.52
Add: Interest accrued at end of period (see page 5) 430,304.96 430,304.96
Less: Interest accrued at beginning of period (267,419.68) (268,699.72)
Interest earned on investments $224,732.09 $1,308,438.76
Page 4
Town of Los Gatos
Inact
ive Deposits by Institution
Nlarket to Cost Position Report
December 31, 2006
Deposit
Amortized
Maturity
Days
Days to
Days
Yield to
Interest
Interest
Interest
Dep Institution
Security
Date
Cost
Date
Elapsed
Maturitv
Invested
Maturity
Earned
Received
Accrued
934 FNMA
Coupon Note
08/18/04
51,491,000.00
01/12/07
865
12
877
3.060`70
$108,14038
$79,800.00
$2834038
940 FHLB
Coupon Note
03/16/05
543,228.45
02/09/07
655
40
695
3.9301/,
38.311.00
21,402.65
16.90835
929 FNMA
Coupon Note
02/09/04
2,000,000.00
05/09/07
1056
129
1185
3,000%
173.589.04
150.000.00
23,589.04
942 FHLB
Coupon Note
05/16/05
999,000.00
05/16/07
594
136
730
4.043%
65,729.88
59,850.00
5,879.88
943 FNMA
Coupon Note
07/01/05
749,03150
05/17/07
548
137
685
3.815%
42,902.53
38,750.00
4.152.53
930 FHLMC
Coupon Note
02/24/04
2,505,250.00
08/24/07
1041
236
1277
3.156%
225,499.68
201,250.00
24,249.68
946 FHLMC
Discount Note
08/15/05
1,500000.00
11/15/07
503
319
822
4.496%
91937.86
67,500A0
25 437.86
944 FNMA
Coupon Note
07/01/05
984,074.54
12/15/07
548
349
897
3.807%
56,246.90
45,486.11
10,760.79
947 FHLMC
Discount Note
08/15/05
999,700.03
02/15/08
503
411
914
4.513%
62,174.19
45,000.00
17,174.19
USTreasurv
Note
05/12/06
1,986,562.50
03/31/08
233
456
689
5.000%
63,406.72
35,635.25
27,771.47
945 FHLB
Coupon Note
07/01/05
755,975.25
04/18/08
548
474
1022
3-803%
43,163.99
40132.81
3,031.18
USTreasurv
Note
06/15/06
1990312.50
05/31/08
199
517
716
5.135%
55,721.39
44,754.10
10,967.29
USTreasury
Note
07/19/06
738,281.25
02/15/09
165
777
942
5.157%
17,211.16
2,517.27
14,693.89
FHLB
Coupon Note
05/12/06
1.498,035.00
03/13/09
233
803
1036
5.298%
50,663.71
26,468.75
24,194.96
USTreasury
Note
05/15/06
1,992,343.75
05/15109
230
866
1096
5.014%
61948.24
48,750,00
14,198.24
FHLB
Coupon Note
06/15/06
1,493,400.00
06/12/09
199
894
1093
5.22690
42,550.61
38,718.75
3,831.86
FFCB
Coupon Note
07/19/06
723562.50
07/17/09
165
929
1094
5-408%
17,689.02
17,689.02
USTreasury
Note
11/17/06
748,066.41
11/15/09
44
1050
1094
4.734%
4,269.02
4,269.02
USTreasury
Note
10/19/06
976,40625
04/15/10
73
1201
1274
4.744%
9,264.14
9,264.14
FHLB
Coupon Note
08/22/06
1,507,665.00
06/11110
131
1258
1389
4.95790
26,822.68
]7,625,00
9,197.68
FNMA
Discount Note
09/29/06
1.516,485.00
04/15/11
93
1566
1659
4.874%
18,832.75
3,416,67
15,416.08
USTreasury
Note
10/19/06
990,078.13
09/30111
73
1734
1807
4-721%
9.34832
9,348.32
FNMA
Coupon Note
02122/05
195358.60
02/15107
677
46
723
3.363%
12,185.83
7,032.64
5,153.19
FHLMC
Coupon Note
06/25/03
662,652.00
03/15107
1285
74
1359
1.94690
45,39820
94,250.00
(48,851.80)
FNMA
Coupon Note
06/30/03
333,59766
04/15107
1280
105
1385
2.150%
25,152.35
51,843.75
(26.691.40)
FHI..MC MTN
Coupon Note
06/27/03
402.556.00
05/29107
1283
149
1432
2-808%n
39,733.53
41,033.33
(1,299.80)
FNMA
Coupon Note
06/30/03
375,219.60
07/15/07
1280
196
1476
2.359%
31,040.63
45,244.79
(14,204.16)
FHLB
Coupon Note
06/24/03
672,825.60
11/15107
1286
319
1605
2.257%
53,503.50
75,973.33
(22,469.83)
FNMA
Coupon Note
06/24/03
299,475.00
12/24/07
1286
358
1644
2.528%
26,673.85
26,250.00
423.85
FNMA
Coupon Note
06/27/03
649,785.94
01115/08
1283
380
1663
2.49210
56,91833
62,448.50
(5,530.17)
FHLMC
Coupon Note
09/30/04
198,630.00
02/25108
822
421
1243
3.462%
15,486.41
12,368.06
3,118.35
FHLMC
Coupon Note
06/26/03
657.396.09
03/15/08
1284
440
1724
2.294%
53,050.89
57,104.83
(4,053.94)
FHLB
Coupon Note
06/30/03
286,162.50
04/15/08
1280
471
1751
163390
26,422.91
48,387.50
(21.964.59)
FHLB
Coupon Note
06/26/03
661,764.30
05/13/08
1284
499
1783
2.507%
58,361.95
116,482.11
(58,120.16)
FHLMC MTN
Coupon Note
06/30/03
228,298.00
06/13/08
1280
530
1810
2.894%
23,169.56
21,838.82
133074
FHLMC
Coupon Note
06/24/03
500,000AO
06/18/08
1286
535
1821
2.750%
48,445.21
48,125.00
320.21
FNMA
Coupon Note
09/30/04
198,597.0)
08/15108
822
593
1415
3.442%
15,394.39
12,187-50
3.206.89
FNMA
Coupon Note
11/16/04
199,216.00
09/15/08
775
624
1399
3.866%
16,352.90
13,729.17
2,623.73
FNMA
Coupon Note
01/19/05
248,157.50
09/15/08
711
624
1335
3.974%
19,21021
15,520.83
3.689.38
FNMA
Coupon Note
11/16/04
199,552.00
11/17/08
775
687
1462
3.936%
16,677.08
15,521.53
1,155.55
FHLMC
Coupon Note
07/07/05
296,403.00
01/12/09
542
743
1285
4.313%
18,983.16
12,432.29
6,550.87
FNMA
Coupon Note
01/21/05
242,400.00
03/16/09
709
806
1515
3.930%
18,504.55
12,912.33
5,592.22
FHLMC
Coupon Note
06/17/05
300,198.00
07/30/09
562
942
1504
4.359%
20148.29
14,692.71
5,455.58
FHLMC
Coupon Note
08/01/05
298,332.00
07/30/09
517
942
1459
4.527%
19,129.69
13,088.54
6,041.15
FHLMC
Coupon Note
06/14/05
298,683.00
09/01/09
565
975
1540
4.237%
19,589.55
15,021.87
4,567.68
FHLMC
Coupon Note
01/21/05
14906.50
09/01/09
709
975
1684
4.180%
12,153.81
9,968.75
2.185.06
FHLMC
Coupon Note
06/14/05
299,331.00
01/25/10
565
1121
1686
4.431%
20,530.95
14,619.79
5.911.16
FHLMC
Coupon Note
12/28/06
1.522.350.00
07/20/11
3
1662
1665
5.375%
67255
672.55
Subtotal
39.065.086.32
Union MM
392.56041
30
30
4.80%
1,548.73
1.548.73
Purchased Interest
41.006.15
LAIF'
N/A
09/30/06
23,367,390.59
12/31/06
92
O
92
5.11%,
253,578.07
253.578.07
$62,866,043.47 397 4.50% $1255,44029 $1,825.135.33 $430,304.96
Maturity Profile Amount Percent
0-1 year
1-2 years
2-3 years
3-5 years
Market to Cost Position Report
532514
.227.10
59.6710
$9.760
.109.58
15.53`10
88779
,391.41
13.97%
$6.812
,315.38
10.84%
,561866
.043.47
100.00%
Amortized
Market
Unrealized * Source: Treasury and Agency Obligations - Union Bank of California
Da Institution Security
Cost
value'
(lain (Loss) LAIF balances per Local Agency Investment Fund monthly statement.
Union Bank Assets
539,065,08632
$38,637361.15
(427,725.17)
Union MM
392,560.41
392,560.41
0.00
Purchased Interest
41,006.15
41,006.15
0.00
LAW
23367390.59
23.367.390.59
0.00
Totals:
$62,866,043.47
$62,438,318.30
($427,725.17)
page 5
s n
Meeting date: March 19, 2007
Item No:
Town of Los Gatos
Treasurer's Report
for the month ended
January 31, 2007
Submitted March 14, 2007
by
Linda L. Speicher
Distribution: Town Clerk
Town Manager
Town Council
~ -_s n
Town of Los Gatos
Summary Investment Information
January 31, 2007
Weighted Average Portfolio Yield: 4.57% Weighted Average Maturity (days) 429
This Month Last Month One year ago
Portfolio Balance $69,236,890 $65,103,869 $61,146,352
Benchmarks/ References:
Town's Average Yield
4.57%
LAIF Yield for month
5.16%
3 mo. Treasury
5.15%
6 mo. Treasury
5.18%
2 yr. Treasury
4.93%
5 yr. Treasury (most recent)
4.86%
Prime rate
8.25%
Most recent auctions of
Freddie Mac or Fannie Mae Reference Notes:
3 yr. Freddie Mac (02/09/07)
4.89%
2 yr. Freddie Mac (01/]6/07)
5.01%
4.50%
3.43%
5.11%
3.96%
5.00%
4.49%
5.09%
4.60%
4.77%
4.43%
4.70%
4.37%
8.25%
7.50%
Portfolio Maturity Profile
2-3ye,
14%
i-2 ye
15%
- I year
60%
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 I
3 - 5 years
11%
Town of Los Gatos
Portfolio Allocation & Treasurer's Fund Balances
January 31, 2007
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
565,103,869.35 $66,482,899.82
6,356,417.37 25,058,521.05
(1223,396.45) (22,304,530.60)
$69,236,890.27 $69,236,890.27
$501,711.36
39,094,038.09
23.620.968.66
63,216,718.11
6,020.172.16
$69,236,890.27
Portfolio Investment Allocation
Union MM
0.8%
page 2
T ~
Town of Los Gatos
Non-Treasury Restricted Fund Balances
January 31, 2007
Previous Ending
Balance Deposits Interest Withdrawals Balance
Non-Treasury Funds
Downtown Parking District 12/20/02 5249,359.65 $955.53
$250.315.18 Note I
Certificates of Participation Reserve Fund (Lot 4) 259,187.63 1.029.61
260,217.24 Note 2
Cert, of Participation Lease Payment Fund (Lot 4) 106,173.67 18,753.99 392.64
125,320.24 Nom 3
Cert. of Participation 2002 Series A Const. Fund 419,653.40 17.77 1.26
419.669.91 Nom 4
Cert. of Participation 2002 Series A Reserve Fund 783,919.44 407.17 3253
784,294.08 Note 4
Cert. Of Participation 2002 Series A Interest Fund 326.05 1.27 0.01
327.31
Cert. Of Participation 2002 Series A COI Fund 0.00 0.00 0.00
0.00 Nom 4
Total Restricted Funds: $1,818.61938 $18,753.99 $2,803.99 $33.80
$1.840.143.96
These accounts are not part of the Treasurer fund balances reported elsewhere in this report, as they are for separate and distinct
entities.
Note l: 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
K
Town of Los Gatos
Statement of Interest Earned
January 31, 2007
Current Fiscal
Month Year to Date
Interest received from Investments $351,011.00 $1,497,844.52
Add: Interest accrued at end of period (see page 5) 325,190.24 325,190.24
Less: Interest accrued at beginning of period (430,304.96) (268,699.72)
Interest earned on investments $245,896.28 $1,554,335.04
Page 4
i 2 14
Town of Los Gatos
Inactive Deposits by Institution
Market to Cost Position Report
January 31, 2007
Deposit
Amortized
Maturity
Days
Days to
Days
Yield to
Interest
Interest
Interest
Dep Institution
Securitv
Date
Cost
Date
Elapsed
Maturity
Invested
Maturity
Earned
Received
Accrued
940FHLB
Coupon Note
03/16/05
543,228.45
02/09/07
686
9
695
3.930%
40,12419
21,402.65
18,721.54
929 FNMA
Coupon Note
02/09/04
2,000,000.00
05/09/07
1087
98
1185
3.000%
178,684.93
150,000.00
28.684.93
942FHLB
Coupon Note
05/16/05
999,000.00
05/16/07
625
105
730
4.043;'0
69,160.22
59,850.00
9.310.22
943 FNMA
Coupon Note
07/01/05
749,032.50
05/17/07
579
106
685
3.815%
45.329.50
38,750.00
6,579.50
930 FHLMC
Coupon Note
02/24/04
2,505,250.00
08/24/07
1072
205
1277
3.156%
232.214.85
201,250.00
30.964.85
946 FHI.,MC
Discount Note
08/15/05
1,500,000.00
11/15/07
534
288
822
4.496%r,
98,665.64
67.500.00
31.165.64
944 FNMA
Coupon Note
07/01/05
984,074.54
12/15/07
579
318
897
3.807%
59,428.75
45,486.11
13.94164
947 FHLMC
Discount Note
08/15/05
999,700.00
02/15/08
534
380
914
4.513%
66,006.00
45.000.00
21.006.00
USTreasury
Note
05/12/06
1,986,562.50
03/31/08
264
425
689
5.000%
71,842.81
35,635.25
36,20256
945 FHLB
Coupon Note
07/01/05
755,975.25
04/18/08
579
443
1022
3.803%
45,605.75
40.132.81
5.47294
USTreasury
Note
06/15/06
1,990,312.50
05/31/08
230
486
716
5.135%
64,401.60
44,754.10
19.647.50
USTreasury
Note
07/19/06
738,281.25
02/15/09
196
746
942
5.157%
20,444.77
1517.27
17.92750
FHLB
Coupon Note
05/12/06
1.498.035.00
03/13/09
264
772
1036
5.298%
57,40437
26.468.75
30.935.62
USTreasury
Note
05/15/06
1,992,343.75
05/15/09
261
835
1096
5.014%
71.432.56
48.750.00
2168256
FHLB
Coupon Note
06/15/06
1,493,400.00
06/12/09
230
863
1093
5.226%
49,179.09
38,718.75
10,460.34
FFCB
Coupon Note
07/19/06
723,562.50
07/17/09
196
898
1094
5.408%
21,012.41
15,296.87
5.715.54
USTreasury
Note
11/17/06
748,066.41
11/15/09
75
1019
1094
4.734%
7,276.74
2276.74
USTreasury
Note
10/19/06
976,406.25
04115110
104
1170
1274
4.744%
13,198.23
13.19823
FHLB
Coupon Note
08/22106
1,507,665.00
06/11/10
162
1227
1389
4.957%
33,170.03
17,625.00
15,545.03
FHLB
Coupon Note
01/12/07
1,487,205.00
08/10/10
19
1287
1306
4.960%
3,839.84
3,839.84
FNMA
Discount Note
09/29/06
1,516,485.00
04/15/11
124
1535
1659
4.874%
25,110.33
3.416.67
21,693.66
USTreasury
Note
10/19/06
990978.13
09/30/11
104
1703
1807
4.721%
13,318.15
13.318.15
FNMA
Coupon Note
02/22/05
195,358.60
02/15/07
708
15
723
3.363%
12,743.82
7.032.64
5.71L 18
FHLMC
Coupon Note
06/25/03
662,652.00
03/15/07
1316
43
1359
1.946%
46,493.41
94,250.00
(42756.59)
FNMA
Coupon Note
06/30/03
333,597.66
04/15/07
1311
74
1385
2.150%
25,761.51
51,843.75
(26,082.24)
FHLMC MTN
Coupon Note
06/27/03
401556.00
05/29/07
1314
118
1432
2.808%
40,693.58
41,033.33
(339.75)
FNMA
Coupon Note
06/30/03
375,219.60
07/15/07
1311
165
1476
2.359%
31,792.40
52,682.29
(20.889.89)
FHLB
Coupon Note
06/24/03
672,825.60
11/15/07
1317
288
1605
2.257%
54,793.24
75,973.33
(21,180.09)
FNMA
Coupon Note
06/24/03
299,475.00
12/24/07
1317
327
1644
2.5287
22316.85
26,250.00
1.066.85
FNMA
Coupon Note
06/27/03
649,785.94
01/15/08
1314
349
1663
2.492%
58,293.60
72,686.00
(14392.40)
FHLMC
Coupon Note
09/30/04
198,630.00
02/25/08
853
390
1243
3.4627
16,070.45
12,368.06
3,702.39
FHLMC
Coupon Note
06/26/03
657,396.09
03/15/08
1315
409
1724
2.294%
54331.72
57,104.83
(1773.11)
FHLB
Coupon Note
06/30/03
286,162.50
04/15/08
1311
4,40
1751
2.6337
27.062.84
48,387.50
(21,324.66)
FHLB
Coupon Note
06/26/03
661,764.30
05/13/08
1315
468
1783
2.507%
59,771.00
116,482.11
(56,711.11)
FHLMC MTN
Coupon Note
06/30/03
228,298.00
06/13/08
1311
499
1810
2.894%
23,730.70
21,838.82
1.891.88
FHLMC
Coupon Note
06/24/03
500,000.00
06/18/08
1317
504
1821
2.7507
49,613.01
48.125.00
1.488.01
FNMA
Coupon Note
09/30/04
198.597.00
08/15/08
853
562
1415
3.442%
15.974.96
12,187.50
3,787.46
FNMA
Coupon Note
11/16/04
199,216.00
09/15/08
806
593
1399
3.8667
17.00202
13,729.17
3,277.85
FNMA
Coupon Note
01/19/05
248.157.50
09/15/08
742
593
1335
3.9747
20,047.78
15,520.83
4526.95
FNMA
Coupon Note
11/16/04
199,552.00
11/17/08
806
656
1462
3.9367
17,344.16
15,521.53
L822.63
FHLMC
Coupon Note
07/07/05
296,403.00
01/12/09
573
712
1285
4.3137
20.068.91
18,244.79
1.824.12
FNMA
Coupon Note
01/21/05
241400.00
03/16/09
740
775
1515
3.9307
19.313.64
12,912.33
6.401.31
FHLMC
Coupon Note
06/17/05
300.198.00
07/30/09
593
911
1504
4.3591/,
21,259.67
21.255.21
4.46
FHLMC
Coupon Note
08/01/05
29833200
07/30/09
548
911
1459
4.5277
20,276.74
19,651.04
625.70
FHLMC
Coupon Note
06/14/05
298,683.00
09/01/09
596
944
1540
4.237%
20.664.38
15,021.87
5.64151
FHLMC
Coupon Note
01/21/05
149.686.50
09/01/09
740
944
1684
4.180%
11685.21
9,968.75
2.71646
FHLMC
Coupon Note
06/14/05
299,331.00
01/25/10
596
1090
1686
4.431%
21.657.43
21,182.29
475.14
FHLMC
Coupon Note
12/28/06
1522350.00
07/20/11
34
1631
1665
5.375%
7,622.18
5,270.83
2,351.35
Subtotal
39.061.291.32
Union MM
501.711.36
30
30
4.81%
1.983.48
1,98148
Purchased Inter
est
32,746.77
LAIF
N/A
12/31/06
23,620,968.66
03/31/07
31
59
90
5.16%
103,043.81
103.043.81
$63,216,718.11 429 4.57% $2.134268.27 51 809 078 03 $325.190.24
Maturity Profile
0-1 year
1-2 year,
2-3 years
3-5 years
Amount
Percent
$37,027,482.68
58577
$9,406,726.64
14.887
58,782,319.41
13.897
58.000.18938
12.667
$63,216,718.11
100.00%
Market to Cost Position Report
Amortized
Market
Unrealized * Source: Treasury and Agency Obligations - Union Bank of California
Dep Institution Securitv
Cost
Values
Gain (Loss) LAIF balances per Local Agency Investment Fund monthly statement.
Union Bank Assets
$39.061,291.32
$38,577,709.25
(483,582.07)
Union MM
501311.36
501.71136
0.00
Purchased Interest
32,746.77
31746.77
0.00
LAIF
23.620 968.66
23.620.968.66
000
Totals:
$63,216,718.11
$62,733,136.04
($483,582.07)
page 5