02 Staff Report - Treasurer's Reports May and June 2007MEETING DATE: 08/20/07
°w N 0 ITEM NO.
COUNCIL AGENDA REPORT
!pS' G A.~°S
DATE: August 14, 2007
TO: MAYOR AND TOWN COUNCIL
FROM: LINDA SPEICHER, TOWN TREASURER
SUBJECT: TREASURER'S REPORTS FOR MAY AND JUNE 2007
RECOMMENDATION:
Accept reports as attached.
DISCUSSION:
Attached for your review and acceptance are the Treasurer's reports for the months of May and June,
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. The bond market started to experience some
issues from the mortgage market issues, but nothing significant.
ENVIRONMENTAL ASSESSMENT:
Is not a project defined under CEQA, and no further action is required.
FISCAL IMPACT: None
Attachments: Treasurer's reports dated August 14, 2007
PREPARED BY: Linda L. Speicher, Town Treasurer fl
Reviewed by: Town Manager Assistant Town Manager Town Attorney
Clerk finance Community Development Revised: 8/14/07 6:34 pm
Distribution: Town Council; Town Manager; Finance Director
Reformatted: 5/30/02
Meeting date: August 20, 2007
Item No:
Town of Los Gatos
Treasurer's Report
for the month ended
June 30, 2007
Submitted August 14, 2007 i1
by
Linda L. Speicher
Distribution: Town Clerk
Town Manager
Town Council
Town of Los Gatos
Summary Investment Information
June 30, 2007
Weighted Average Portfolio Yield: 4.83% Weighted Average Maturity (days)
This Month Last Month One year ago
Portfolio Balance $73,499,683 $72,676,515 $66,482,900
Benchmarks/ References:
Town's Average Yield
4.83%
LAIF Yield for month
5.25%
3 mo. Treasury
4.82%
6 mo. Treasury
5.01%
2 yr. Treasury
4.91%
5 yr. Treasury (most recent)
4.94%
Prime rate
8.25%
Most recent auctions of
Freddie Mac or Fannie Mae Reference Notes:
3 yr. Fannie Mae (04/16107)
4.89%
2 yr. Freddie Mac (06/15/07)
5.03%
3 - 5 years
14%
2 - 3 year
11%
1 - 2 year
10%
1 year
65%
411
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.
4.83%r,
4.17%
5.25%
4.60%
4.92%
5.04%
5.01%
5.32%
4.89%
5.24%
4.82%
5.20%
8.25%
8.25%
Portfolio Maturity Profile
Page 1
Town of Los Gatos
Portfolio Allocation & Treasurer's Fund Balances
June 30, 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
$72,676,515.31
$66,482,899.82
3,321,190.82
42,348376.74
(2,498,022.82)
(35331,593.25)
$73,499,683.31
$73,499,683.31
$260,827.56
39,996,443.53
30.432,473.38
70,689,744.47
2,809,938.84
$73,499,683.31
Local Agency Investment Fund
43.1%
US Govt Agencies
56.6%
Treasurer's Fund Balances
$74.000.000
$72,000,000 -
$70.000.000
$68.000.000 j
$66,000.000
$64,000,000
$62,000.000
$60.000.000 -
0 0 0 0 0 o c o o q o
c z - 2
page 2
Portfolio Investment Allocation
Union MM
0.4%
Town of Los Gatos
Non-Treasury Restricted Fund Balances
June 30, 2007
Previous
Balance Deposits
Non-Treasury Funds
Downtown Parking District 12/20/02
$254,048.88
Certificates of Participation Reserve Fund (Lot 4)
257,065.40
Cert. of Participation Lease Payment Fund (Lot 4)
179,660.64 19,267.82
Cert. of Participation 2002 Series A Const. Fund
367,745.92
Cert. of Participation 2002 Series A Reserve Fund
769,840.24
Cert. Of Participation 2002 Series A Interest Fund
6.84
Cert. Of Participation 2002 Series A COI Fund
0.00
Total Restricted Funds: $1,828,367.92 $19,267.82 $4,457.26 $147.51 $1,851,945.49
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.
Ending
Interest
Withdrawals
Balance
$973.50
$255,022.38
Note 1
1,001.75
258.067.15
Note2
663.86
199,592.32
Note 3
2.51
0.08
367,74835
Note 4
1,815.64
147.43
771,508.45
Note4
0.00
6.84
0.00
0.00
0.00
Note 4
Page 3
Town of Los Gatos
Statement of Interest Earned
June 30, 2007
Current Fiscal
Month Year to Date
Interest received from Investments $123,966.34 $2,472,397.09
Add: Interest accrued at end of period (see page 5) 638,512.99 638,512.99
Less: Interest accrued at beginning of period (480,653.23) (268,699.72)
Interest earned on investments $281,826.10 $2,842,210.36
Page 4
Town of Los Gatos
Inactive Deposits by Institution
Market to Cost Position Report
June 30, 2007
Deposit
Amortized
Maturity
Days
Days to
Days
Yield to
interest
Interest
Interest
Institution
Security
Date
Cost
Date
Elapsed
Maturity
Invested
Maturity
Earned
Received
Accrued
FHLMC
Coupon Note
02/24/04
2,505,250.00
08/24/07
1222
55
1277
3.156%
264307.60
241,500.00
23,207.60
FHLMC
Discount Note
08/15/05
1,500,000.00
11/15/07
684
138
822
4.496%
126,380.71
101,250.00
25,130.71
FNMA
Coupon Note
07/01/05
984,07454
12/15/07
729
168
897
3.807%
74,824,80
61,111.11
13,713.69
FHLMC
Discount Note
08/15/05
999,700.00
02/15/08
684
230
914
4.513%
84,547.01
67,500.00
17,047.01
USTreasury
Note
05/12/06
1,986,562.50
03/31/08
414
275
689
5.000%
112,662.59
81,885 25
30,777.34
FHLB
Coupon Note
07/01/05
755,975.25
04/18/08
729
293
1022
3.803%
57,420.71
55,601.56
1,819.15
USTreasury
Note
06/15/06
1,990,312.50
05/31/08
380
336
716
5.135%
106,402.65
93,504.10
11898.55
USTreasury
Note
07/19/06
738,281.25
02/15/09
346
596
942
5.157%
36,091.27
19,392.27
16,699.00
FHLB
Coupon Note
05/12106
1,498,035.00
03/13/09
414
622
1036
5.298%
90,020.49
65,84175
24,176.74
USTreasury
Note
05/15/06
1,992,343.75
05/15/09
411
685
1096
5.014%
112,485.76
97500.00
14,985.76
FHLB
Coupon Note
06/15/06
1,493,400.00
06/12/09
380
713
1093
5226%
81,252.42
78,093.75
3,158.67
FFCB
Coupon Note
07/19/06
723,562.50
07/17/09
346
748
1094
5.408%
37,093.34
15,296.87
21,796.47
USTreasury
Note
11/17/06
748,066.41
11/15/09
225
869
1094
4.734%
21,830.22
17,152.11
4,678.11
ML Corp
Note
04/10/07
976,150.00
02/08/10
81
954
1035
5.165%
11,188.68
11,188.68
USTreasury
Note
10/19/06
976,406.25
04/15/10
254
1020
1274
4.744%
32,234.14
19,560.44
12,673.70
FHLB
Coupon Note
05/18/07
1,574,84150
04/16/10
43
1021
1064
5.548%
10.293.17
10,293.17
FHLB
Coupon Note
08122/06
],507,665.00
06/11/10
312
1077
1389
4.957%
63,883.03
57,000.00
6,883.03
FHLB
Coupon Note
01/12/07
1,487,205.00
08/10/10
169
1137
1306
4.960%
34,154.38
5,483.33
28,671.05
USTreasury
Note
0531/07
737,226.56
10/15/10
30
1203
1233
4.801%
2,909.12
2,909.12
FNMA
Coupon Note
05/09/07
998,200.00
11/08/10
52
1227
1279
5.250%
7,465.99
7,465.99
FNMA
Discount Note
09/29/06
1,516,485.00
04/15/11
274
1385
1659
4.874%
55.485.73
4[,854.17
13,631.56
FHLMC
Coupon Note
12128/06
1,522,350.00
07/20/11
184
1481
1665
5.375%
41,249.43
5,270.83
35,978.60
USTreasury
Note
10/19/06
990,078.13
09/30/11
254
1553
1807
4.721%
32,527.02
20,151.10
12375.92
FFCB
Coupon Note
02122/07
986,080.00
12/08/11
128
1622
1750
4.959%
17,148.39
13,618.06
3,530.33
FHLB
Coupon Note
05109/07
1,509,255.00
03/09/12
52
1714
1766
4.743%
10,198.26
10,198.26
FNMA
Coupon Note
06130/03
375,219.60
07/15/07
1461
15
1476
2.359%
35,429.97
5168229
(17,252.32)
FHLB
Coupon Note
06124/03
672,825.60
11/15/07
1467
138
1605
2.257%
61,033.93
87,173.33
(26,139.40)
FNMA
Coupon Note
06124/03
299.475.00
12/24/07
1467
177
1644
2.528%
30.428.10
30,000.00
428.10
FNMA
Coupon Note
06127/03
649,785.94
01/15/08
1464
199
1663
2.492%
64,948.12
72,686.00
(7,737.88)
FHL2v1C
Coupon Note
09/30/04
198,630.00
02/25/08
1003
240
1243
3.462%
18,896.44
15,618.06
3,278.38
FHLMC
Coupon Note
06126/03
657,396.09
03/15/08
1465
259
1724
2.294%
60.529.25
65,973.58
(5,44433)
FHLB
Coupon Note
06130/03
286,162.50
04/15/08
1461
290
1751
2.633%
30,159.28
55337.50
(25,578.22)
FHLB
Coupon Note
06126/03
661,764.30
05/13108
1465
318
1783
2.507%
66,588.99
133,710.36
(67,121.37)
FHLMC MTN
Coupon Note
06/30/03
228,298.00
06/13/08
1461
349
1810
2.894%
26,445.88
25,001.32
1,444.56
FHLMC
Coupon Note
06124/03
500,000.00
06/18/08
1467
354
1821
2.750%
55,263.70
55,000.00
263.70
FNMA
Coupon Note
09/30/04
198,597.00
08/15/08
1003
412
1415
3442%
18,784.15
15,437.50
3,346.65
FNMA
Coupon Note
11116104
199,21600
09/15/08
956
443
1399
3.866%
20,172.10
17,479.17
2,692.93
FNMA
Coupon Note
01/19/05
248,157.50
09/15/08
892
443
1335
3.974%
24,100.57
20.208.33
3,892.24
FNMA
Coupon Note
11/16/04
199,552.00
11/17/08
956
506
1462
3.936%
20,571.99
19,396.53
1,175.46
FHLMC
Coupon Note
07107/05
296,403.00
01/12/09
723
562
1285
4313%
25,322.55
18,244.79
7,077.76
FNMA
Coupon Note
01/21/05
242,400.00
03/16/09
890
625
1515
1930%
23,228.56
16,818.58
6,409.98
FHLMC
Coupon Note
06/17/05
300,198.00
07/30/09
743
761
1504
4.359%
26,637.33
21,25521
5,382.12
FHLMC
Coupon Note
08/01/05
298,332.00
07/30/09
698
761
1459
4.527%
25,826.94
19,651.04
6,175.90
FHLMC
Coupon Note
06/14/05
298,683.00
09/01/09
746
794
1540
4.237%
25,865.15
21,209.37
4,655.78
FHLMC
Coupon Note
01/21/05
149,686.50
09/01/09
890
794
1684
4.180%
15,256.54
13,062.50
2,194.04
FHLMC
Coupon Note
06/14/05
299,331.00
01/25/10
746
940
1686
4.431%
27,108.12
21,18229
5,925.83
Subtotal
39.952620.17
Union MM
260,827.56
30
30
4.75%
1,018.30
1.018.30
Purchased Inte
rest
38,823.36
LAIF
N/A
03/31/07
30,432,473.38
06/30/07
91
0
91
5.25%
366,536.58
366,536.58
$70,689,744.47
411
4.83%
$2.594,609.44
$1,956.096.45
$638512.99
Maturity Profile
Amount
Percent
0-1 year
545,983,556.12
65.05%
1-2 years
ST 106,385.50
10.05%
2-3 years
$7,852,923.16
11.11%
3-5 years
$9.746.879.69
13.79%
$70.689.744,47;
100.00%
Market to Cost Position Report
Amortized
Market
Unrealized
^ Source:
Treasury and Agency Obligat
ions - Union Ban
k of California
Institution
Cost
Value*
Gain (Loss)
LAIF bala
nces per Loc
al Agency Invest
ment Fund mont
hly statement.
Union Bank A
ssets
$39,957,620.17
$39,581,261.15
(376,359.02)
Union MM
260.827.56
260.827.56
0.00
Purchased Interest
38,823.36
38,823.36
0.00
LAIF
30,431473.38
30,432,473.38
0.00
Totals:
$70,689,744.47
$70,313,385.45
($376,359.02)
page 5
Meeting date: August 20, 2007
Item No:
Town of Los Gatos
Treasurer's Report
for the month ended
May 31, 2007
Submitted August 14, 2007
by f
Linda L. Speicher
Distribution: Town Clerk
Town Manager
Town Council
Town of Los Gatos
Summary Investment Information
May 31, 2007
Weighted Average Portfolio Yield: 4.83% Weighted Average Maturity (days) 442
This Month Last Month
Portfolio Balance $72,676,515 $70,970,263
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
One -year ago
$66,424,046
4.83%
4.68%
3.98%
5.25%
5.22%
4.56%
4.92%
4.92%
4.84%
5.01%
5.02%
5.03%
4.89%
4.61%
4.93%
4.82%
4.58%
4.95%
8.25%
8.25%
8.00%
Most recent auctions of
Freddie Mac or Fannie Mae Reference Notes:
3 yr. Fannie Mae (04/16/07) 4.89°Io
2 yr. Freddie Mac (05/25/07) 5.01%
Portfolio Maturity Profile
2 - 3 years
11%
I-2y
12~
- I year
61%
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.
3 - 5 years
16%
Page 1
Town of Los Gatos
Portfolio Allocation & Treasurer's Fund Balances
May 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
$70,970,262.79
$66,482,899.82
3,82 1 ,829.19
39,027,185.92
(2,115,576.67)
(32,833.570.43)
$72,676,515.31
$72,676,515.31
$127,518.25
40,005,950.47
30,432,473.38
70,565,942.10
2.1 10,573.21
$72,676,515.31
Local Agency Investment Fund
43.1%
US Govt Agencies
56.7%
Treasurer's Fund Balances
$74.000.000
$72,000,000
$70M0.000
$68,000.000
$66,000.000
$64,000,000
$62.000.000
$60,000,000 - -
~ o o c o o o 0 0 0 0 0
T C
~ ~ = G J > = a 5 ~ T
4~ V1 C] Z ~ ~ LL. ~ 4~ C
e-
page 2
Portfolio Investment Allocation
Union MM
0.2%
Town of Los Gatos
Non-Treasury Restricted Fund Balances
May 31, 2007
Previous
Balance Deposits
Non-Treasurv Funds
Downtown Parking District 12/20/02
$253,110.26
Certificates of Participation Reserve Fund (Lot 4)
256,081.48
Cert, of Participation Lease Payment Fund (Lot 4)
159,825.90 19,267.82
Cert. of Participation 2002 Series A Const. Fund
362,806.05
Cert. of Participation 2002 Series A Reserve Fund
785,392.53
Cert. Of Participation 2002 Series A Interest Fund
6.84
Cert. Of Participation 2002 Series A COI Fund
0.00
Total Restricted Funds: $1,817.223.06 $19,267.82 $7.828.88 $15,951.84 $1,828,367.92
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 Y. 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
$938.62
$254,048.88
Note1
983.92
257,065.40
Note 2
566.92
179,660.64
Note -1
4,939.91
0.04
367,745.92
Note4
399.51
15,951.80
769,840.24
Note4
0.00
6.84
0.00
0.00
0.00
Note 4
Page 3
Town of Los Gatos
Statement of Interest Earned
May 31, 2007
Current
Fiscal
Month
Year to Date
Interest received from Investments
$204,665.85
$2,348,430.75
Add: Interest accrued at end of period (see page 5)
480,653.23
480,653.23
Less: Interest accrued at beginning of period
(410,862.17)
(268,699.72)
Interest earned on investments
$274,456.91
$2,560,384.26
Pale 4
Town of Los Gatos
Inactive Deposits by Institution
Market to Cost Position Report
May 31, 2007
Deposit
Amortized
Maturity
Days
Days to
Days
Yield to
Interest
Interest
Interest
Deg Institution
Security
Date
Cost
Date
Elapsed
Maturity
Invested
Maturity
Earned
Received
Accrued
930 FHLMC
Coupon Note
02/24/04
1505,250.00
08/24/07
1192
85
1277
3.156%n
258,209.05
241,500.00
16,709.05
946 FHLMC
Discount Note
08/15/05
1,500.000.00
11/15/07
654
168
822
4.496%
120.837.70
101,250.00
19,587.70
944 FNMA
Coupon Note
07/01/05
984,074.54
12/15/07
699
198
897
3.807%
71,745..59
45,486.11
26,259.48
947 FHLMC
Discount Note
08/15/05
999,700.00
02115/08
654
260
914
4.513%
80,838.81
67,500.00
13,338.81
USTreasury
Note
05/12/06
1,986,562.50
03/31/08
384
305
689
5.000%
104,498.63
81,885.25
21613.38
945 FHLB
Coupon Note
07/01/05
755,975.25
04/18/08
699
323
1022
3.803%
55,057.72
55,601.56
(543.84)
USTreasury
Note
06/15106
1,990,312.50
05/31/08
350
366
716
5.135%
98,002.44
93,504.10
4,498.34
USTreasury
Note
07/19/06
738,281.25
02/15/09
316
626
942
5157%
31961.97
19,392.27
13,569.70
FHLB
Coupon Note
05/12106
1,498,035.00
03/13/09
384
652
1036
5298%
83,497.27
65,843.75
17,653.52
USTreasury
Note
05/15/06
1,992,343.75
05/15/09
381
715
1096
5.014%
104,275.12
97,500.00
6,775.12
FHLB
Coupon Note
06/15106
1,493,400.00
06/12109
350
743
1093
5.226%
74,837.75
38,718.75
36,119.00
FFCB
Coupon Note
07/19106
723.562.50
07/17/09
316
778
1094
5.408%
33,877.16
15,296.87
18,580.29
USTreasury
Note
11/17!06
748,066.41
11/15/09
195
899
1094
4.734%
18,919.52
17,152.11
1,767.41
MI, Corp
Note
04/10107
976,150.00
02/08/10
51
984
1035
5.165%
7,044.73
7,044.73
USTreasury
Note
10/19106
976,406.25
04/15/10
224
10.50
1274
4.744%
28,426.96
19,560.44
8,86652
FHLB
Coupon Note
05/18/07
1,574,842.50
04/16/10
13
t051
1064
5.548%
3,111.89
3,111.89
FHLB
Coupon Note
08/22106
1,507,665.00
06/11/10
282
1107
1389
4.957%
57,740.43
17,625.00
40.115.43
FHLB
Coupon Note
01/12107
1,487,205.00
08/10/10
139
1167
1306
4.960%
28,091.47
5,483.33
22,608.14
USTreasury
Note
05/31/07
737,226.56
10/15/10
0
1233
1233
4.801%
0.00
0.00
FNMA
Coupon Note
05/09/07
998,200.00
11/08/10
22
1257
1279
5.250%
3,158.69
3,158.69
FNMA
Discount Note
09/29/06
1,516.485.00
04/15/11
244
1415
1659
4.874%
49,410.65
41,854.17
7,556.48
USTreasury
Note
10/19/06
990,078.13
09/30/11
224
1583
1807
L721%
28,685.25
20,151.10
8,534.15
FHLB
Coupon Note
05/09/07
1,509,255.00
03/09/12
22
1744
1766
4.743%
4,314.65
4,314.65
FNMA
Coupon Note
06/30/03
375,219.60
07/15/07
1431
45
1476
2.359%
34,702.46
52,682.29
(17,979.83)
FHLB
Coupon Note
06/24/03
671825.60
11115/07
1437
168
1605
2.257%
59,785.79
87,173.33
(27,387.54)
FNMA
Coupon Note
06/24/03
299,475.00
12/24/07
1437
207
1644
2.528%
29,805.85
26,250.00
3,555.85
FNMA
Coupon Note
06/27/03
649,785.94
01115108
1434
229
1663
2.492%
63,617.21
72,686.00
(9,068.79)
FHLMC
Coupon Note
09/30/04
198,630.00
02/25/08
973
270
1243
3.462%
18,33724
15,618.06
2,713.18
FHLMC
Coupon Note
06/26/03
657396.09
03/15/08
1435
289
1724
1294%
59,289.74
65,973.58
(6,683.84)
FHLB
Coupon Note
06/30/03
286,162.50
04/15/08
1431
320
1751
2.633%
29,539.99
55,737.50
(26,197.51)
FHLB
Coupon Note
06/26/03
661,764.30
05/13/08
1435
348
1783
2.507%
65,225.39
133,710.36
(68,484.97)
FHLMC MTN
Coupon Note
06130/03
228,298.00
06/13/08
1431
379
1810
2.894%
25,90184
21,838.82
4,064.02
FHLMC
Coupon Note
06/24103
500,000.00
06/18/08
1437
384
1821
2.750%
54,133.56
48,125.00
6,008.56
FNMA
Coupon Note
09/30/04
198,597.00
08/15/08
973
442
1415
3.442%
18,222.31
15,437.50
1784.81
FNMA
Coupon Note
11/16/04
199,216.00
09/15/08
926
473
1399
3.866%
19,539.08
17,479.17
2,059.91
FNMA
Coupon Note
01/19/05
248,157.50
09/15/08
862
473
1335
3.974%
23,290.01
20.208.33
3,081.68
FNMA
Coupon Note
11/16/04
199,552.00
11/17/08
926
536
1462
3.936%
19,926.42
19,396.53
529.89
FHLMC
Coupon Note
07/07/05
296,403.00
01/12/09
693
592
1285
4.313%
24,271.82
18,244.79
6,027.03
FNMA
Coupon Note
01/21/05
241400.00
03/16/09
860
655
1515
3.930%
22,445.58
16,818.58
5,627.00
FHLIVIC
Coupon Note
06/17/05
300,198.00
07/30/09
713
791
1504
4.359%
25,561.79
21,25521
4,306.58
FHLMC
Coupon Note
08/01/05
298,332.00
07/30/09
668
791
1459
4.527%
24,716.90
19,651.04
5.065.86
FHLMC
Coupon Note
06/14/05
298,683.00
09/01/09
716
824
1540
4.237%
24,824.99
21,209.37
3,615.62
FHLMC
Coupon Note
01/21/05
149,686.50
09/01/09
860
824
1684
4.180%
14,742.27
13,062.50
1,679.77
FHLMC
Coupon Note
06/14/05
299,331.00
01/25/10
716
970
1686
4.431%
26,017.98
21,182.29
4,835.69
FHLMC
Coupon Note
12/28/06
1,522350.00
07/20/11
154
1511
1665
5.375%
34,523.98
5,270.83
29,253.15
FFCB
Coupon Note
02722/07
986.080.00
12/08/11
98
1652
1750
4.959%
13,129.24
13,129.24
Subtotal
39957.620.17
Union MM
127.518.25
30
30
4.87%
510.42
510.42
Purchased Interest
48.33030
LAIF
N/A
03/31/07
30,431473.38
06/30/07
61
30
91
5.25%
23536839
235,368.79
$70,565,942.10
442
4.83%
$2314.969.12
$1.834,315.89
$480,653.23
Maturity Profile
Amount
Percent
0-1 year
$43,141,143.25
61.14%
1-2 years
$8,331,596.00
11.81%
2-3 years
$7,838,658.16
11.11%
3-5 years
$11,254.544.69
15.95%
$70.565,942.10
100.00%
Market to Cost Position Report
Amortized
Market
Unrealized
* Source:
Treasury and Agency Obligat
ions - Union Ban
k of California
Dep Institution
Security
Cost
Value*
Gain (Loss)
LAW bala
nces per Loc
al Agency Invest
ment Fund month
ly statement.
Union Bank Assets
$39,957,620.17
$39.582,152.65
(375,467.52)
Union MM
12T518.25
127,518.25
0.00
Purchased Int
erest
48.330.30
48330.30
0.00
LAIF
30432,473.38
30431473.38
0.00
Totals:
$70,565,942.10
$70,190,47458
($375,467.52)
page 5