03 Staff Report - Treasures report February and March 2008wN of MEETING DATE: 05/19/08
ITEM NO. 4- 3
"P.,
COUNCIL AGENDA REPORT
!ps^°GA.~pS
DATE: May 1, 2008
TO: MAYOR AND TOWN COUNCIL
FROM: LINDA SPEICHER, TOWN TREASURER
SUBJECT: TREASURER'S REPORT FOR FEBRUARY AND MARCH 2008
RECOMMENDATION:
Accept reports as attached.
DISCUSSION:
Attached for your review and acceptance are the Treasurer's reports for the months of February and
March 2008.
The Prime dropped from 5.25% in March to 5.0% at the end of April as the Federal Reserve
continued to work with the economy. Prime reached its most recent bottom of 4.0% in March 2008.
Whether or not the Fed will lower prime to that level in the coming months is unknown.
Accordingly, the overall rate of return of the portfolio has continued to drop over the last few months
as investments have matured and been reinvested at lower current levels of interest rates. The
Town's overall average investment return remains slightly above 4%.
ENVIRONMENTAL ASSESSMENT:
Is not a project defined under CEQA, and no further action is required.
FISCAL IMPACT: None
Attachments: Treasurer's report dated February 29 and March 31, 2008
Distribution: Town Council; Town Manager; Finance Director
PREPARED BY: Linda L. Speicher, Town Treasurer
N:1MGMAdminWorkFiles12008 Council Reportsltcrpt051908.wpd
S
Reviewed by: ~E own Manager Assistant Town Manager own Attorney
Clerk Finance Community Development Revised: 5/15/08 5:14 pm
Reformatted: 5130102
Meeting date: May 19, 2008
Item No:
Town of Los Gatos
Treasurer's Report
for the month ended
March 31, 2008
Submitted May 1, 2008
by
Linda I,,. Speicher
Distribution: Town Clerk
Town Manager
Town Council
Town of Los Gatos
Summary Investment Information
March 31, 2008
Weighted Average Portfolio Yield:
4.10%
Weighted Average Maturity (days)
This Month
Last Month
One year ago
Portfolio Balance
$72,901,812
$72,644,569
$67,753,203
Benchmarks/ References:
Town's Average Yield
4.10%
4.36%
4,65%
LATF Yield for month
3.78%
4.16%
5.21%
3 mo. Treasury
1.22%
2,21%
5.07%
6 mo. Treasury
1.58%
2,13%
5.08%
2 yr. Treasury
1.76%
2,05%
4.51%
5 yr. Treasury (host recent)
2.60%
2,76%
4.54%
Prime rate
5,259/c
6,00%
8.25%
Most recent auctions of
Freddie Mac or Fannie Mae Reference Notes'
3 yr. Freddie Mae (04111108)) 2.80%
2 yr. Farm ie Mae (04111108) 2,4691o
Portfolio Maturity Profile
3 - 5 years
19%
2 - 3 years
15%
i -Z yaw,
12%
0 - 1 year
56
469
Compliance: The Town's investments are in compliance with the Town's investment policy dated November 1, 2006
and also in compliance with the requirements of Section 53601 of the California State Code. Based on the information available, the
Town has sufficient funds to meet the cash demands for the next six months.
Page 1
Town of Los Gatos
Portfolio Allocation & Treasurer's Fund Balances
March 31, 2008
Month
Fund Balances - Beginning of Month/Period
$72,644,569.24
Receipts
2,857,013.15
Disbursements
(2,599,770.50)
Fund Balances - End of Month/Period
$72,901,811,89
Portfolio Allocation:
Union MM
$2,231,847.51
US Govt Agencies
39,336,962,82
Local Agency Investment Fund
29,563,466.78
Subtotal - Investments
71,132,277.11
Reconciled Demand Deposit Balances
1,769,534.78
Total Treasurer's Fund
$72,901,811.89
YTD
$73,499,683.31
29,843,377.18
(30,441,248.60)
$72,901,911.89
Local Agency Investment Fund
41.6%
US Govt Agencies
55.3%
page 2
Portfolio Investment Allocation
Union MM
3.1%
Town of Los Gatos
Non-Treasury Restricted Fund Balances
March 31, 2008
Previous Ending
Balance Deposits Interest Withdrawals Balance
Non-Treasury Funds:
Downtown Parking District 12/20102
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
$262,848.77
$942.24
$263,791.01
Notet
255,466.05
424.92
255,890.97
Note2
101,000.94 40,318.68
167.99
141,487.61
Note3
285,969,12
0.83
0.05 285,969.90
Note4
789,795.67
1,264.69
232.00 790,828.36
Note4
78.31
0.05
78.36
Note 4
0.00
0.00
0.00 0.00
Note 4
$1,695,158.86 $40,318.68 $2,800.72 $232.05 $1,738,04611
These accounts are not part of the Treasurer's find balahces reported elsewhere in this repot!, as they are for separate and distinct
entities.
Note 1: This account include redemption accounts set up for the repayment of interest and principal an outstanding
bond coupons for Parking Assessment Dislrict'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 or the lease payments should the Town not make payment.
Note 3: The lease payment fund receives the lease payments from tha Town monthly for the lease of Lot 4. It holds the fiords until
payments on the certificates of paticipation are due semi-annually.
Note 4: The three funds for the Certificates of Participation 2002 Series A consist of consnrtctiun 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
March 31, 2008
Current Fiscal
Month Year to Date
Interest received from Investments $178,654.08 $2,344,357.00
Add: Interest accrued at end of period (see page 5) 661,744.33 661,744.33
Less: Interest accrued at beginning of period (584,205.36) (638,512.99)
Interest earned on investments $256,193.05 $2,367,588.34
Interest by Month
July 2007
August 2007
September'2007
October 2007
November 2007
December 2007
January 2008
February 2008
March 2008
287,856.35
285,325,36
261,616,22
271,223.77
234, 832.62
252, 611.44
281,416.49
236,513.04
256,193.05
2,367,588.34
Page 4
Town of Los Gatos
Inactive Deposits by Institution
Market to Cost Position Report
March 31, 2008
Institution Security
Deposit Amortized
Date Cost
Maturity Days Days to Days Yield to Interest Interest Interest
Date Elapsed Maturity Invested Maturity Earned Received Accrued
FHLB
Coupon Note
07101105
755,975.25
04/18108
1004
18
1022
3.803%
79,081.47
71,070.31
8,011.16
USTreasmy
Note
06/15106
1,990,312.50
05131108
655
61
716
5.135%
183,404.57
142,254.10
41,150.47
USTreasury
Note
07/19106
738,281.25
02115109
621
321
942
5.1576/0
64,776.53
53,142.27
11,634.26
FHLB
Coupon Note
05/12106
1,498,035.00
03/13109
689
347
1036
5.298%
149,816.72
144,593.75
5,222.97
USTreasury
Note
05/15/06
1,992,343.75
05/15109
686
410
1096
5.014%
187,749.96
146,250.00
41,499.96
FHLB
Coupon Note
06115106
1,493,400.00
06112109
655
438
1093
5.226%
140,053:51
117,468.75
22,584,76
FFCB
Coupon Note
07/19106
723,562.50
07/17109
621
473
1094
5.408%
66,575.05
46,234.37
20,340.68
USTreasury
Note
03125108
1,024,062.50
09115109
6
533
539
1.709%
287.69
287.69
USTreasury
Note
11117106
748,066.41
11115109
500
594
1094
4.734%
49,511,59
34,495.96
14,015.73
ML Corp
Note
04110/07
976,150.00
02108/10
356
679
1035
5.165%
49,174.96
35,180.56
13,994.40.
USTreasmy
Note
10119106
976,406.25
04115/10
529
745
1274
4.744%
67,133,31
39,560,44
27,572.87
FHLB
Coupon Note
08122106
1,507,665.00
06111/10
587
802
1389
4.957%,
120,190.19
96,375.00
23,815.19
FHLB
Coupon Now
01/12/07
1,487,205.00
08/10/10
444
862
1306
4.960%
89,731.02
75,983.33
13,747,69
USTreasury
Note
05/31/07
737,226.56
10115/10
305
928
1233
4.801%
29,576.01
11,93135
17,644.66
FFCB
Coupon Note
12/07/07
2,032,140.00
11101/10
115
945
1060
3.715%
23,785.78
23,785.78
FFCB
Coupon Note
01/18/07
756,922.50
011181[1
438
1023
1461
3.175%
28,838.75
28,838.75
FFCB
Coupon Note
11128/07
2,062,000.00
02/18/11
124
1054
1178
3.840%0
26,999.78
21,666.67
5,233.11
FNMA
Discount Note
09129106
1,516,485.00
04115/11
549
1110
1659
4.874%
111,173.97
80,291.67
30,882.30
FHI,MC
Coupon Note
12128/06
1,522,350.00
07/20/11
459
1206
1665
5.375%
102,999.39
91,520.83
11,379.56
USTreasury
Note
10/19/06
990,078.13
09130/11
529
1278
1807
4.721%
67,743.29
65,151.10
2,592.19
FFCB
Coupon Note
12/12/07
2,025,090.00
11/21/11
110
1330
1440
4.000%a
24,411.92
24,411.92
FFCB
Coupon Note
02/22107
986,080.00
12109/11
403
1347
1750
4.959%
53,990.64
36,743.06
17,247.58
FIILB
Coupon Note
05/09/07
1,509,255.00
03/09/12
327
1439
1766
4.743%
64,131.39
62,500.00
1,631.39
THLB
CouponNote
11/29/07
2,039,360.00
08115/12
123
1598
1721
4,170%
28,643.70
19,527,78
9,115.92
GE
Corporate Note
01116109
1,542,165.00
10119/12
75
1663
1738
4.587%
14,535.43
14,535.43
FNMA
Coupon Note
02/21108
1,260,300.00
01/02/13
39
1738
1777
4.562%
6,143.29
6,143.29
FHl,B
Coupon Note
06130103
286,162.50
04115/08
1736
15
1751
2,633%
35,836.07
63,087.50
(27,251.43)
Fl H,13
Coupon Note
06/26103
661,764.30
05/13109
1740
43
1783
2.507%
79,088.63
150,938.61
(71,849.98)
F'HLMC MTN Coupon Note
06130103
228,298.00
06/13108
1736
74
1810
2,894%
31,423.71
28,163,82
3,259.89
FHLMC
Coupon Note
06124103
500,000.00
06119/08
1742
79
1821
2.750%
65,623.29
61,875.00
3,748.29
FNMA
Coupon Note
09130104
198,597.00
08/15/08
1278
137
1415
3.442%
23,934.34
21,937.50
1,996.84
FNMA
Coupon Note
11116104
199,216.00
09/15108
1231
168
1399
3.866%
25,974.74
24,979.17
995.57
FNMA
Coupon Note
01119105
248,157,50
09/15/08
1167
168
1335
3.974%
31,530.67
29,583.33
1,947.34
FNMA
Coupon Note
11116104
199,552.00
11/17/08
1231
231
1462
3.936%
26,489,66
23,271.53
3,218.13
FHLMC
Coupon Note
07107105
296,403.00
01/12/09
998
297
1285
4.313%
34,954.23
29,869.79
5,084.44
FNMA
Coupon Note
01/21105
242,400.00
03/16/09
1165
350
1515
3.930%
30,405.93
24,631.08
5,774.85
FHLMC
Coupon Note
06117105
300,198.00
07130/09
1018
486
1504
4.359%
36,496.36
34,390.21
2,116.15
FIILMC
Coupon Note
08/01105
298,33100
07130109
973
486
1459
4.5271/.
36,002.31
32,776.04
3,226.27
FHLMC
Coupon Note
06/14105
298,683.00
09101/09
1021
519
1540
4.2379o
35,399,88
33,594.37
1,815.51
FHLMC
Coupon Note
01/21/05
149,686.50
09/01109
1165
519
1684
4.190%
19,970.64
19,250.00
720.64
FI ILMC
Coupon Note
06/14105
299,331.00
01125110
1021
665
1686
4.431%
37,101.06
34,307.29
2,793.77
Subtotal
39,296,688.40
Union MM
2,231,847.51
3U
30
2.07%
3,797.20
3,797.20
Purchased Int
erest
40,274.42
LAIF
NIA
12131/07
29,563,466.78
03131/08
91
0
91
3.78%
283,032.13
283,032.13
$71,132,277.11
469
4.10%
$2,666,320.77
$2,004,576.44
$661,744.33
Maturity Profile
Amount
Percent
0-1 year
$39,878,743.01
56.06%
1-2 years
$8,303,815.66
11.67%
2-3 years
$9,559,565.31
13,44%
3-5 years
X13.390,153.13
18.82%
$71,132,277.11
[00.00%
Market to C
ost Position Report
Amortized
Market
Unrealized
* Source:
Treasury and Agency Obligat
ions - Union Bank of California
Institution
Cost
Value*
Gain (Lass)
LAE' bala
nces per Local Agency Inves
tment Fund mont
hly statement.
Union Bank Assets
$39,296,688.40
$40,565,649.90
1,268,961.50
Union MM
2,231,847.51
2,231,847.51
0.00
Purchased Int
erest
40,274.42
40,274.42
0.00
LAM
29,563,466.78
29,563,466.78
0.00
Totals:
$71,132,277.11
$72,401,238.61
$1,268,961.50
page 5
Meeting date: May 19, 2008
Item No:
Town of Los Gatos
Treasurer's Report
for the month ended
February 29, 2008
Submitted May 1, 2008
by
Linda L. Speicher
Distribution: Town Clerk
Town Manager
"Town Council
Town of Los Gatos
Summary Investment Information
February 29, 2008
Weighted Average Portfolio Yield:
4.36%
Weighted Average Maturity (days)
This Month
Last Month
One year ago
Portfolio Balance
$72,644,569
$73,480,753
$68,312,202
Benchmarks/ References:
Town's Average Yield
4,3601o
4.56%
4.6101o
LAIF Yield for month
4.16%
4.73%
5.19%
3 mo. Treasury
2.21%
2.39%
5.00%
6 mo. Treasury
2.13%
2.38%
5.09%
2 yr. Treasury
2.05%
2.24%
4.77%
5 yr. Treasury (most recent)
2.76%
2.91%
4.70%
Prime rate
6.00%
6.00%
8.25%
Most recent auctions of
Freddie Mac or Fannie Mae Reference Notes:
3 yr. Fannie Mae (03107108) 2.85%-
2 yr. Freddie Mac (02122108) 2.88%
Portfolio Maturity Profile
3 - 5 years
19%
2 - 3 years
13%
I - L years
13%
{l - 1 year
55%
492
Compliance: The Town's investments are in compliance with the Towns investment policy dated November 1, 2006
and also in compliance with the requirements of Section 53601 of the California State Code. Based on the information available, the
Town has sufficient funds to meet the cash demands for the next six months.
Page 1
Town of Los Gatos
Portfolio Allocation & Treasurer's Fund Balances
February 29, 2008
Month
YTD
Fund Balances - Beginning of Month/Period
$73,480,752.73
$73,499,683.31
Receipts
2,385,962.13
26,986,364.03
Disbursements
(3,222,145.62)
(27,841,478.10)
Fund Balances - End of Month/Period
$72,644,569,24
$72,644,569.24
Portfolio Allocation:
Union MM
$434,380.70
US Govt Agencies
40,955,941.79
Local Agency Investment Fund
29,563,466.78
Subtotal - Investments
70,953,789.27
Reconciled Demand Deposit Balances
1,690,779.97
Total Treasurer's Fund
$72,644,569.24
page 2
Town of Los Gatos
Non-Treasury Restricted Fund Balances
February 29, 2008
Previous
Ending
Balance Deposits
Interest
Withdrawals
Balance
Non-Treasury Funds:
Downtown Parking District 12/20102
$261,845.39
$1,003.38
$262,848.77
Note 1
Certificates of Participation Reserve Fund (Lot 4)
257,410.47
606.84
2,551.26
255,466.05
Note 2
Cert, of Participation Lease Payment Fund (Lot 4)
125,316.43 2,551.26
258.25
27,125.00
101,000.94
Note 3
Cem of Participation 2002 Series A Const. Fund
285,967.90
1.27
0.05
285,969.12
Note 4
Cert, of Participation 2002 Series A Reserve Fund
788,208.47
1,834.83
247.63
789,795.67
Note 4
Cert. Of Participation 2002 Series A Interest Fund
221,68136
96.45
221,701.50
78.31
Note 4
Cert. Of Participation 2002 Series A COI Fund
0.00
0.00
0.00
0.00
Note 4
Total Restricted Funds:
$1,940,432.02 $2,551.26
$3,801.02
$251,625.44
$1,695,158.86
These accounts are not part of the Treasurer's fund balances reported elsewhere in this report, as they 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 fur Parking Assessment District'3', as well as Reserve Funds set up as required by the original Bond resolution,
Note 2: The reserve fand 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 fiords until
payments on the certificates of participation are duc semi-annually.
Nole 4: The three funds for the Certificates of Participation 2002 Series A consist of eonstruction funds which will be expended over the
next few years, reserve finds which will guarantee the payment of lease payments, and a third fund for the disbursement of lease payments
and initial delivery costs.
Page 3
Interest received from Investments
Add: Interest accrued at end of period (see page 5)
Less: Interest accrued at beginning of period
Interest earned on investments
Town of Los Gatos
Statement of Interest Earned
February 29, 2008
Interest by Month
July 2007
August 2007
September 2007
October 2007
November 2007
December 2007
January 2008
February 2008
Page 4
Current
Month
$149,294.87
584,205.36
(496,987.19)
$236,513.04
287,856.35
285,325.36
261,616,22
271,223.77
234,832.62
252,611.44
281,416.49
236,513.04
2,111,395.29
Fiscal
Year to Date
$2,165,702.92
584,205.36
(638,512.99)
$2,111,395.29
Town of Los Gatos
Inactive Deposits by Institution
Market to Cost Position Report
February 29, 2008
Deposit
Amortized
Maturity
Days
Days to
Days
Yield to
Interest
Interest
Interest
Institution
Security
Dale
Cost
Date
Elapsed
Maturity
Invested
Maturity
Earned
Received
Accrued
USTreasury
Note
05/12106
1,986,562.50
03/31/08
658
3l
689
5.000%
179,062.76
128,135.25
50,927.51
FHLB
Coupon Note
177/01105
755,975.25
04/18/08
973
49
1022
3,803%
76,639.71
71,070.31
5,569.40
USTreasury
Note
06115106
1,990,312.50
05/31108
624
92
7115
5.135%
174,724.35
142,254.10
32,470.25
USTreasury
Note
07119106
738,281.25
02/15/09
590
352
942
5.157%
61,542.92
53,142.27
8,400.65
FHLB
Coupon Note
05/12106
1,498,035.00
03/13/09
658
378
1036
5.298%
143,076.05
105,218.75
37,857.30
USTreasury
Note
05115/06
1,992,343.75
05115109
655
441
1096
5.014%
179,265.63
146,250.00
33,015.63
FHLB
Coupon Note
06115106
1,493,400.00
06112109
624
469
1093
5.226%
133,425.02
117,468.75
15,956.27
FFCB
Coupon Note
07/19/06
723,562.50
07117109
590
504
1094
5.408%a
63,251.65
46,234.37
17,017.28
USTreasury
Note
11/17106
748,066.41
11115109
469
625
1094
4.7341/a
45,503.88
34,495.86
11,008.02
ML Corp
Note
04110/07
976,150.00
02108/10
325
710
1035
5.165%
44,892.87
35,180.56
9,712.31
USTreasury
Note
10119106
976,406.25
04/15/10
498
776
1274
4.744%
63,199.22
39,560.44
23,638.78
FHLB
Coupon Note
08/22106
1,507,665.00
06/11/l0
556
833
1389
4.9575/o
113,842.83
96,375.00
17,467.83
FHLB
Coupon Note
01/12/07
1,487,205.00
08/10/10
413
893
1306
4.96001D
83,466.02
75,983.33
7,482.69
USTreasury
Note
05/31/07
737,226.56
10/15/l0
274
959
1233
4.801%
26,569.93
11,931.35
14,638.58
FFCB
Coupon Note
12/07/07
2,032,140.00
11/01/10
84
976
1060
3.715%
17,373.96
17,373.96
FT-CB
Coupon Note
01/18/07
756,922.50
01/18/11
407
1054
1461
3.175%
26,797.65
26,797.65
FFCB
Coupon Note
11/28/07
2,062,000.00
02/19/11
93
1085
1178
3.840%
20,174.83
21,666.67
(1,491.84)
FNMA
Discount Note
09/29/06
1,516,485.00
04/15111
518
1141
1659
4.874%
104,896.39
80,291.67
24,604.72
FHLMC
Coupon Note
12/28/06
1,522,350.00
07/20111
428
1237
1665
5.375%
95,949.76
91,520.83
4,428.93
USTreasury
Note
10119/06
990,078.13
09130/11
498
1309
1807
4.721%
63,773.46
42,651.10
21,122.36
FFCB
Coupon Note
12/12107
2,025,080.00
11/21/11
79
1361
1440
4.000%
17,532.20
17,532.20
FFCB
Coupon Note
02/22/07
986,080.00
12/09111
372
1378
1750
4.959%
49,837.51
36,743,06
13,094.45
FHLB
Coupon Note
05/09107
1,509,255.00
03109112
296
1470
1766
4.743%
58,051.65
25,000.00
33,051.65
FHLB
Coupon Note
11/29/07
2,038,360.00
08/15112
92
1629
1721
4.170%
21,424.56
19,527.78
1,896.78
OF.
Corporate Note
01116/08
1,542,165.00
10119112
44
1694
1738
4.5871/h
8,527.45
8,527.45
FNMA
Coupon Note
02121/08
1,260,300.00
01102113
8
1769
1777
4.562%
1,260.16
1,260.16
FHLMC
Coupon Note
06126103
657,396.09
03115/08
1709
l5
1724
2.294%
70,610.57
74,842.33
(4,231.76)
FHLB
Coupon Note
06130103
286,162,50
04/15/08
1705
46
1751
2.633%
35,196.15
63,087.50
(27,891.35)
FHLB
Coupon Note
06/26103
661,764.30
05113/08
1709
74
1783
2.507%
77,679.58
150,938.61
(73,259.03)
FHLMC MTN Coupon Note
06130103
228,298.00
06/13/08
1705
105
1810
2.894%
30,862.57
28,163.82
2,698.75
FI-1LMC
Coupon Note
06124103
500,000.00
06/18108
1711
110
1821
2.750%
64,455.48
61,875.00
2,580.48
FNMA
Coupon Note
09/30104
198,597.00
08115108
1247
168
1415
3.442%
23,353.78
21,937.50
1,416.28
FNMA
Coupon Note
11116104
199,216.00
09115/08
1200
199
1399
3.86617v
25,320.63
21,229.17
4,091.46
FNMA
Coupon Note
01119105
248,157.50
09115/08
1136
199
1335
3.974%
30,693.10
24,895.83
5,797.27
FNMA
Coupon Note
11/16/04
199,552.00
11/17/08
1200
262
1462
3.936%
25,822.58
23,271.53
2,551.05
FI-11-MC
Coupon Note
07107105
296,403.00
01/12/09
967
318
1285
4.313%
33,868.48
29,869.79
3,998.69
FNMA
Coupon Note
01121105
242,400.00
03/16/09
1134
381
1515
3.930%
29,596.84
20,724.83
8,872.01
FHLMC
Coupon Note
06/17105
300,198.00
07/30/09
987
517
1504
4.359%
35,384.98
34,380.21
1,004.77
FHLMC
Coupon Note
08/01/05
298,332.00
07/30/09
942
517
1459
4.527%
34,855.26
32,776,04
2,079,22
FHLMC
Coupon Nate
06/14105
298,683.00
09/01/09
990
550
1540
4.237%
34,325.06
27,396.87
6,928.19
FHLMC
Coupon Note
01/21105
149,686.50
09/01/09
1134
550
1684
4.180%
19,439.23
16,156.25
3,282.98
FHLMC
Coupon Note
06114/05
299,331.00
01/25110
990
696
1686
4.4311/o
35,974,58
34,307.29
1,667.29
Subtotal
40,916,584.49
Union MM
434,380.70
30
30
2.759o
981.82
981.82
Purchased Interest
39,357.30
LAM
NIA
12/31107
29,563,466.78
03131108
60
31
91
4.16%
188,276.26
188,276.26
$70,953,789.27
492
4.369/o
$2,670,759.38
$2,086,554.02
$584,205.36
Maturity Profile
Amount
Percent
0-1 year
$38,983,882.67
54.94%
1-2 years
$9,020,188.16
12.71 %
2-3 years
$9,559,565.31
13.47%
3-5 years
$13,390,153.13
18.87%
$70,953,789.27
100.001/0
Market to C
ost 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 Local Agency Inves
tment Fund monthly statement.
Union Bank Assets
$40,916,584.49
$42,216,272.00
1,299,687.51
Union MM
434,380.70
434,380.70
0,00
Purchased Int
erest
39,357.30
39,357.30
0.00
LAW
29,563,466.78
29,563,466.78
0.00
Totals:
$70,953,789.27
$72,253,476.78
$1,299,687.51
page 5