03 Staff Report - February and March 2009 Investment Project~pW N Of
s COUNCIL AGENDA REPORT
S ~A~p
DATE: MAY 11, 2009
MEETING DATE: 5118109
ITEM NO:
TO: MAYOR AND TOWN COUNCIL
FROM: GREG LARSON, TOWN MANAGER
SUBJECT: FEBRUARY AND MARCH 2009 INVESTMENT REPORT
RECOMMENDATION:
Accept attached February and March 2009 Investment Report.
DISCUSSION:
Attached for Council review and acceptance are investment reports for the months of February and
March 2009.
During the months of February and March 2009, two notes matured and one note was called. The total
face value of these notes was $4,250,000, which were reinvested in Federal Home Loan Bank Notes and
Federal Farm Credit Bureau Notes. The overall financial market is stable, although interest rates
continue to remain low.
FISCAL IMPACT:
There is no fiscal impact associated with the acceptance of the attached investment reports.
Attachments:
February and March 2009 Investment Reports
PREPARED BY: S E CONWAY
Finance & A inistr ' e Services Director/Town Treasurer
NAFINANCBCOUNCI 1Councit Staff ReporMinvestment Reportffown Council Report Format.doc
Reviewed by: `a iJ Assistant Town Manager Town Attorney
Clerk Administrator Finance Community Development
Town of Los Gatos
Investment Report
for the month ended
February 28, 2009
Prepared by
Linda L. Speicher, Project Manager
May It, 2009
Distribution: Town Clerk
Town Manager
Town Council
Town of Los Gatos
Summary Investment Information
February 28, 2009
Weighted Average Portfolio Yielrl: 3.03%
Portfolio B glance
This Month Last Month
$80,886,382 581,720,191
Benchmarks/ References:
Town's Average Yield
LAIF Yield for month
3 mo. Treasury
6 mo. Treasury
2 yr. Treasury
5 yr. Treasury (mostrecent)
Prime rate
Weighted Average Maturity (days) 339
One year a o
572,644,569
3.03%
3.19%
4.36%
1.87%
2.05%
4.16%
0.28%
0.15%
2.21%
0.45%
0.35%
2.13%
0.88%
0.93%
2.05%
1.88%
1.82%
2.76%
3.25%
3.25%
6.00%
Most recent auctions of
Freddie 117ac or Fannie Mae Reference Notes:
3 yr, Freddie Mac (02/19/09) 2.13"/
2 yr. Fannie Mae (02/27/09) 1.80%
Compliance: The Town's invcsiments are in compliance with the Town's investment policy dated May 1, 2008
and also in compliance with the requirements of Section 53601 of the California State Code. Based on the information available, the
Townlhas sufficient finds to meet the cash demands for the next sixmonllis.
Page 1
Town of Los Gatos
Portfolio Allocation & Treasurer's Fund Balances
February 28, 2009
Mon111
Find Balances - Beginning of Month/Period
881,720,190.50
Receipts
1,831,478.73
Disbtttsements
(2,665,287.46)
Fund Balances - End ofMondVPetiod
580,886,381.77
Portfolio Allocation:
Union MM
S1,029,043.87
US Coo Agencies
42,129,677.59
Local Agency Divestment Fmid
36,170,708.11
Subtotal - Invesrinents
79,3 29,429.57
Reconciled Demand Deposit Balances
1,556,952.20
Total Treasurer's Find
$80,886,381.77
YTD
$76,714, 634.03
31,977,738.47
(27,805,990.73)
$80,886,381.77
Portfolio Investment Allocation
Union MM
1.3%
f{:i-rJ lJ}J• ?'fin
Loc®1 Agency Investment Fund - of,JJ '~:e°lJ~n
_ :cJJS nrF,~:rno n.
45.6%
- f 4:'JJF ,yam G}
- J dG G: ~J/Yf~13Y1 f fi
11l1/J}~J~:~F/~JRJl{ f ~
- YlN+•~~#J4~~jay.:yFfrl:{~~iL~I~1f /~l/~ /J:
Treasury, Agencies,
& Corp. Notes
57.8%
Treasurer's Fund Balances
s2,000,000
w..„
aoo
.
.
72,000,000
O.ODR 0UR
_
o
CC 000 000
66 000 000
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page 2
Town of Las Gatos
Non-Treasury Restricted Fund Bn1ances
February 28, 2009
Previous Ending
Balance DeI osits Interest Withdl'a5vals Balance
Non-Treasury Funds
Downtown Parking District 12/20102 5273,270.73 5376.51
$273,647.24 Noce i
Ceriilicates of Participation Reserve Fund (Lot 4) 254,996.13 7.18
255,003.31 N.,10 2
Cert. of Parlicipalion Lease Payment Fund (Lot 4) 125,011.37 3.22 22,250.00
102,764.59 Nntra
Cert. of Parlicipalion 2002 Series A Cwnsl. Fund 148,180.18 0.00
148,180.18 N.w4
Cert. of Participation 2002 Series A Reserve Fund 687,784.89 5.88 1,533.89
686,256.88 Natea
Cert. Or Participation 2002 Series A Interest Fund 216,547.36 1,533.89 1.20 218,082.45
0.00 Nate a
Cert. Of Participation 2002 Series A COI Fund 0.00 0.00 0.00
0.00 Nnro 4
Total Restricted Funds: $1,705,790.66 51,533.89 5393.99 $241,866.34
$1,465,852.20
These accounts are not part of the Treasurers fund balances reported elsewhere in this report, as they are for separate and distinct
emilies.
Note I: This account include tedemplion aL'comllS set up for the repayment of interest and principal on outstanding
hood coupons Ior Parking Assessment District'3', as well as Reserve Funds set up as required by the original Band resolution.
Note 2: 'fhe reserve Fund was it requirement of the original certificates of participation agreement when Lot 4 was built. It helps
to guarantee payment of the lease payments should flit Town not make payment.
Note 3: The lease payment fund receives the Ieuse payments from the Town monthly for the lease of Lot 4. It holds the funds until
payments on the certificates of participation are duc semi-ffirmialty.
Note 4: The three Hinds for the Certificates oI Participation 2002 Series A consist of construclion funds which will be expended over (lie
next few years, reserve hinds which will guarantee the payment of lease payments, and a third road forthe disbursement of lease payments
and ]meal Slelivery costs.
Pagc 3
Town of Los Gatos
Statement of Interest Earned
February 28, 2009
Current Fiscal
1\4 n h Year to Date
Interest received from Investments $242,586.10 $1,884,477.31
Add; Interest accrued at end of period (see page 5) 493,046.93 493,046.93
Less: Interest accrued at beginning of period (550,844.66) (715,999.95)
Interest earned on investments $184,788.37 $1,661,524.29
Interesl by Month
July 2008
August 2008
September 2008
October 2008
November 2008
December 2008
January 2009
February 2009
March 2009
April 2009
May 2009
June 2009
225,065,95
233,228.31
212,244.77
207,308.72
199,698.92
208,642.20
190,547.05
184,788.37
IIabe 4
Town of Los Gates
luact
iveDeposits byIustitrdion
Market to Cost Position Reputt
Febmary 28, 2009
Deposit
Amarlized
Niahuity
Days
Days to
Days
Yield to
Interest
lnlerost
Interest
Ilstihrtion
Secutity
Date
Cost
Date
Elapsed
Maturity
Ltvested
Mi atiuity
Ennned
Received
Acemed
FHLB
Coupon Note
05/12/06
1,498,035.(1(1
03/13109
1023
13
1036
5.298%
222,441.94
183,968.75
38,473.19
USTreasnty
Note
05115/06
1,992,343.75
05/15/09
1020
76
1096
5.014%
279,161.75
243,750.00
35,41 1.75
FHLB
Coupoll Note
06115106
1,493,400.00
06/12/09
989
104
1093
5,226%
211,470.10
196,218.75
15,251.35
FFCB
Coupon Note
07119106
723,562.50
07/17109
955
139
1094
5.408%
102,381.91
77,171.87
25,210.04
FULViC
Coupon Now
06117/05
300,198.00
0760109
1352
152
1504
4.359%
48,470.61
47,505.21
965.40
FHLiVIC
Coupon New
08101/05
298,332.00
07/30/09
1307
152
1459
4.527%
48,360.75
45,901.04
2,459.71
USTivasmy
Note
06102108
1,537,617.20
07/31/09
271
153
424
2.426°%
27,695.90
45,932.35
(18,236.45)
FFCB
Coupon Note
04/02/08
2,010,820.00
08/04/09
332
157
489
2.286°%
41,811.39
45,300.00
(3,488.61)
USTreasury
Note
03125!08
1,024,062.50
09/15109
340
199
539
1.709%
16,302.51
15,957.88
344.63
USTn;asmy
Note
I1/I 7/06
748,066.41
11115/(19
834
260
1694
4.734%
80,917.34
69,183.36
11,733,98
USTieasmy
Note
06102/08
1,514,941.41
12131/09
271
306
577
2.602%
29,267.09
28,125.00
1,142.09
FILM(
Coupon Note
06114/05
299,331.00
01/25/10
1355
331
1686
4.431%
49,237.94
47,432.29
1,805.65
V1LConP
CorponuteNote
04/10/07
976,150.00
02108/10
690
345
1035
5.165%
95,311.02
77,680.56
17,630.46
USTi-easu v
Note
06/24108
739,921.88
02/28/10
249
365
614
2.81.9°%
14,229.43
2,771.74
11,457.69
USTreasmy
Note
10/19/06
976,406.25
04/15/10
863
411
1274
4344%
109,519.93
79,560.44
29,959.49
FHLB
CouponNole
08/22/06
1,507,665.00
06/11/10
921
468
1389
4.957%
188,577.79
175,125.00
13,452.79
FIILN1C(1)
Coupon Note
01106/09
1,015,()90.00
(17/23/10
53
510
563
2.625%
3,869.16
1,711.81
2,157.35
FHLB
Coupon Note
01112/07
1,487,205.60
08110/10
778
528
1306
4.960%
157,231.39
146,483 33
10,748.06
FFCB(2)
Coupon Note
09115/08
1,500,0(10.00
09115/10
166
564
730
3.300%
22,512.33
22,5L2.33
USTreosary
Note
0513ll07
737,226.56
10/15/10
639
594
1233
4.801%
61,964.18
43,806.35
18,157,83
FFCB
Coupon Note
12/07/07
2,032,140.00
11/08/10
449
618
1067
3.715%
92,86796
79,072.22
13,795.74
.FFCB
Coupon Note
01/18/07
756,922.50
01/18/11
772
689
1461
3.175%
50,829.94
26,250.00
24,57994
FFCB
Coupon Note
11/28/07
2,(162,(100.00
02118/11
458
720
1178
3.840%
99,355.63
119,166.67
(19,811.04)
FNMA
DiscounlNote
09/29/06
1516,485.0(1
04/15/11
893
776
1659
4.874%
178,809.87
157,166.67
21,643.20
FBL,4(:(3)
Coupon Note
12/28/06
1,522,350.(1(1
07/20/11
793
872
1665
5.375%
177,776.07
177,770.93
5.24
USTreasluv
Note
10/19106
990.078.1.3
(19/30111
863
944
1807
4.721%
110,515.04
87,651.10
22,X63.94
FFCB
Coupon Note
12112107
2,025,080.00
11/21/11
444
996
1440
4.000%
98,535.40
81,683.33
16,852.07
FFCB
CouponNole
(12122/07
986,080_00
12/08111
737
1013
1750
4.959%
98,737.22
82,993.06
15,744.16
FOLMC(4)
Coupon Note
01/06/09
2,006,250.00
12/23/11
53
1028
1081
3.268%
9,520.29
9,520.29
F1ILB
Coupon bole
05109/07
1,509,255.00
03109/12
661
1105
1766
4.743%
129,635,62
100,000.00
29,635.62
FHLB
Coupon Note
11/29/07
2,038,360,00
08/15/12
457
1264
1721
4.170%
106,424.17
112,027.78
(8,6303.61)
GE
Corporate Not-
01/161(IR
1,542,L65.00
10/19112
409
1329
1738
4.587%
79,266.56
59,718.75
19,547.81
FFCB(5)
Coupon Note
02/10109
755,700.00
12/23/13
18
1759
1777
3.829%
1,426.97
1,426.97
Subtotat
42,123,240.09
unionNIM
1,029,043,87
30
30
0.11%
93.04
93.04
Purehased Int
erest
6,437.50
LAIF
N/A
12/31/08
36,170,708.11
03/31/09
59
31
90
1.87°%
105,604,83
105,6041{3
579,329,429.57
339
3.03°% S3,150,133.07
$2,657,0X6.14
S493 04693
blahuity Prof la
Amount,
Percent
0-1 year
$52,362,971.13
66.01°%
1-2 Feats
$12074,655.31
15,22%
2-3 years
$9,046,323.13
11.40%
3-5 yeah
S5 845 480.00
7.37%
$79,329,429.57
100.00%
114nrket to Co
st Position Report
Amorlized
Market
Unrealized
* Source:
Tmasny and
Agency Obligat
ions- Union Ban
k ofCalitbruin
Institution
co-qt
Va1nc*
Gain (Loss)
LAO babntees per Local Agency Invednnent Fund mont
hly statement.
lluionBank Assets
S42,123,24(09
S43,333,666.00
1,210,425.91
1 fuionr\1Vt
1,029,043.97
1,029,043.87
0.00
Purchased Inlertist
6,437.50
6,437.50
(1,00
LAT
36,17(1,7(18.11
36,170,708.11
0100
Totals
S79,329,429.57
$8(1,539,855.48
51,210,425,91
(1) Callable once on 07/23/09
(2) Callable once on 9115/09
(3) Callable once on 7/20/09
(4) Callable once ou 03/23/09
(5) Callable once on 06123/09
Page 5
Town of Los Gatos
Investment Report
for the month ended
March 31, 2009
Prepared by
Linda L, Speicher, Project ]Manager
May 11, 2009
Town of Los Gatos
Summary Investment Information
March 31, 2009
Weighted Average Portfolio Yield:
2.85%
Weighted Average Maturity (Mays) 298
This Month
Last Month
One year ago
Portfolio Balance
$81,096,801
$80,886,382
$72,901,812
Benchmarks/ References:
Town's Average Yield
2.95%
3.03%
4.10%
LAM Yield for month
1.82%
1.87%
3.78%
3 mo. Treasury
0.20%
0.28%
1.22%
6 mo. Treasury
0.43%
0.45%
1.58%
2 yr. Treasury
0.95%
0.88%
1.76%
5 yr. Treasury (4nostrecent)
1.85%
1.88"/
2.60%
Prime rate
3.25%
3.25%
5.25%
Most recent auctions of
Freddie Mac or Fannie Mae Reference Notes:
3 yr. Farmie Mae (04/03/09) 1.92%
2 }n. Minnie Mae (04/09/09) 1.50%
Compliance: The Town's investrnents are in compliance with the Town's investment policy dated May 1, 2008
and also in compliance with the requirements of Section 53601 of the California Stine Code, Based on die infon-liadon available, the
Town has sufficient fimds to meet the cash demands for the next sixmonths.
Page 1
Town of Los Gatos
Portfolio Allocation & Treasurer's Ftutd Balances
March 31, 2009
Month
YTD
Ftmd Balances - Beginning ofMonthlPetiod
$80,886,381.77
$76,714,634.03
Receipts
2,576,135.62
34,553,874.09
Disbursements
(2,365,716.66)
(30,171,707.39)
Found Balances - End of Mont7z/Period
$81,096,800.73
$81,096,800.73
Portfolio Allocation:
Union MM
$2,588,610.84
US Go\4 Agencies
40,728,855.36
Local Agency Ltvesttnent Fund
36,170,708.11
Subtotal - hivestrnents
79,488,174.31
Reconciled Demand Deposit Balances
1,608,626,42
Total Trmsurer's Fund
$81,096,800.73
Portfolio lnvestment Allocation
Union MM
3.3%
Locnl tlSencYInvestment Fund
lif• ~n .f.:~!+:.r a:<u~u.v. Jw.;¢r%;}..-
4
H./tiFY }{r.SY. irF-.hY.F1i.;rr lr: iyrls.
r
~
45.5
-
fin l
{ lffj
~J }hi if7 it iGliiJf f!$3}
+r
4 J siFJrtYiiIIA!v{=r/
r
i
h-+}
ff~Gri .~rl {7'fi'i U+rh:Fh.~fr~ir~f.F1 f~iA:r~~
r
vrxr+isnc ra
f~
~r'}
~'h
f.
`
h.
+
fi~M}'f..~.7f. h% Fi'.!"H-'+:{¢:?+ivh::Y
r'--
I,
r
i'
reasury, Agencies,
& Corp. Notes
57.8
page 2
Town of Los Gatos
Non-Treasury Restricted Fund Balances
i\-1arch 31, 2009
Previous Ending
Balance Deposits Interest Withdrawals Balance
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
Cerl. of Participation 2002 Series A Resen•e Fund
Cert. Of Participation 2002 Series A Interest Fund
Cert. Of Participation 2002 Series A COI Fund
Total Restricted Funds:
$273,647.24
5340.54
5273,987.78
\m~ 1
255,003.31
17.02
255,020.33
Nnlc 2
102,764.59 41,495.12
6.89
144,266.60
~.1
148,180.18
0.00
148,150.18
Nmr a
686,251.00
5.29
5.29 686,251 A0
wtr a
0.00
0.00
0.00
Note a
0.00
0.00
0.00 0.00
Note 4
S1,465,846.32 $41,495.12 $369.74 55.29 $1,507,705.89
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 I: 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: -file reserve fund was a requirement of the original certificates of participation agreement whett Lot 4 was built. 11 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 (lie certificates of participation are clue semi-annually.
Note 4: The three fluids for the Certificates of Participation 2002 Series A consist ofconstruction fiords which will be expended over the
next few years, reserve funds which will guarantee the payment oFlcase payments, and a third find for the dish ursenient of lease payments
and initial delivery costs.
Page 3
Town of Los Gatos
Statement of Interest Earned
March 31, 2009
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
Interest by Month
July 2008
August 2008
September 2008
October 2008
November 2008
December 2008
January 2009
February 2009
March 2009
April 2009
May 2009
June 2009
Current Fiscal
Month Year to Date
$158,744.74 $2,043,222,05
526,648.25 526,648.25
(493,046.93) (715,999.95)
$192,346.06 $1,853,870.35
225,065.95
233,228.31
212,244.77
207,308.72
199,698.92
208,642,20
190,547.05
184,788.37
192,346.06
Page 4
Town of Las Gatos
luac
tive Dell asits by Institution
Market to Cost PositiouRepott
March 31, 2009
Deposit
Amortized
Matruity
Days
Days to
Days
Yield to
hrterest
Interest
Intemst
Institution
Security
Date
Cost
Date
Elapsed
Matrrri
Invested
Maturii
Eani
Received
Accnied
USTreasury
Note
05/15/06
1,992,343.75
05/15/09
1051
45
1096
5.014%
287,646.08
243,750.00
43,896.08
FHLB
Coupon Mote
06/15/06
1,493,400.00
06/12/09
1020
73
1093
5.226%
218,098.59
196,218.75
21,879.84
FFCB
Coupon Note
07/19/06
723,562,50
07/17/09
986
108
1094
5.408%
105,705.31
77,171.87
28,533.44
FITUVIC
Coupon Note
06/17/05
300,198.00
07/30/09
1383
121
1504
4.359%
49,581.99
47,505.21
2,076.78
FHL4IC
Coupon Note
08/01105
298,332.00
07/30/09
1338
121
1459
4.527%
49,507.79
45,901.04
3,606.75
USTieasury
Note
06102/08
1,537,617.20
07/31/09
302
122
424
2.426%
30,864.06
45,932.35
(15,068.29)
FFCB
coupon Note,
04/02/OR
2,010,820.00
OX/04/09
363
126
499
2.286%
45,715.47
45,300.00
415.47
USTreasury
Note
03/25/0 X
1,024,062.50
09/15109
371
16R
539
1.709%
17,788.92
32,932.89
(15,043.96)
USTrensruy
Note
11/17/06
748,066.41
11/15109
965
229
1094
4.734%
83,925.06
69,183.36
14,741.70
USTmasnry
Note
06102/OS
1,514,941.41
12/31/09
302
275
577
2.602%
32,614.99
28,125.00
4,48999
FHL1,fC
Coupon Note
06114/05
299,331.00
01/25/10
1386
300
1686
4.431%
50,364,42
47,432.29
2,932.13
IVILCoip
Corponatc Note
04/10/07
976,150.00
02/09/10
721
314
1035
5.165%
99,593.11
77,680.56
21,91155
USTreasurv
Note
06124108
739,921.88
02/28/10
290
334
614
2.819%
16,00096
10,271.74
5,729.22
USTreasmy
Note
10/19/06
976,406.25
04115/10
894
390
1274
4.744%
113,454.02
79,560.44
33,893.58
FHLB
Coupon Note
OR/22106
1,507,665.00
06/11/10
952
437
1389
4.957%
194,925.14
175,125.00
19,800.14
F.HUNIC(1)
Coupon Note
01/06109
1,015,090.00
07/23/10
84
479
563
2,625%
6,132.26
1,711.81
4,420.45
F1ILB
Coupon Note
0U12101
1,487,205.00
08/10110
809
497
1306
4960%
163,496.39
146,483,33
17,013.06
FALB
Coupon Note
03/23/09
1,049,400.00
08/16110
8
503
511
1.284%
295.33
295.33
FFCB(2)
CouponNole
09/15/08
1,500,000.00
09/15/10
197
533
730
3.300"%
26,716.44
24,750.00
1,966.44
UST1,=uirv
prole
05131/07
737,226.56
10/15110
670
563
1233
4.801°%
64,970.26
43,806.35
21,16391
FFCB
Coupon Note
12/07/07
2,032,140.00
11/08/10
480
587
1067
3.715%
99,279.7R
79,072.22
20,207.56
FIlLB
CouponNole
03/23/09
1,040,160.00
12/1(1/lO
R
619
627
1.495%
339.55
338,55
FFCB
CouponNole
01/18/07
756,922.50
01/18/11
803
659
1461
3.175%
52,871.04
26,250.00
26,621.04
FFCB
Coupon Note
11/2W07
2,062,000.00
02/19/11
489
699
1178
3.840%
106,080.59
119,166.67
(13,086.09)
F\RIViA
Discount Note
09/29/06
1,516,485.00
04/15/11
914
745
1659
4.974%
1.85,087.45
157,166.67
27,920.78
FHl AC(3)
Coupon Note
12/28106
1,522,350.00
07/20/11
924
841
1665
5.375%
184,725.70
177,771/X3
6,954.97
US'freamry
Note
10119/06
990,078.13
09/30/11
894
913
1907
4.721%
114,484.88
110,.15l.lo
4,333.78
FFCB
CouponNole
12/12/07
2,025,080.00
11121/11
475
965
1440
4.000%
105,415.12
81,683.33
23,731.79
FFCB
Coupon Note
02/22/07
986,080.00
12/08/11
768
982
1750
4.959%
102,990.34
82,993.06
19,897.28
FHLB
Coupon Note
05/09/07
1,509,255.00
03109112
692
1074
1766
4.743%
135,715.35
137,500.00
(1,784,65)
FIILB
Coupon Note
11/29/07
2,038,360.00
(18/15112
488
1233
1721
4.170°%
113,643.32
112,027.79
1,615.54
GE
CorporatcNoie
01/16/09
1,542,165.00
10/19112
440
1298
1738
4.587%
85,274.54
59,718.75
25,555.79
FFCB(5)
CouponNOW
02/10109
755,700.00
12/23/13
49
1728
1777
3.929%
3,884.53
3,884.53
Subtolal
40,709,515.09
Union MfO
2,589,610.84
30
30
0.11%
234.04
234.04
Purchased inl
cuGst
20,340.27
LAW
NIA
1213 VON
36,170,70.11
03/31109
90
0
90
1.82%
161,568.84
161,568.H4
$79,48H.174,31
298
2.85 % 53.108.890.64
52582.242.39
S526 648.25
11'Iuturity Profile
Amount
Percent
0-1 vear
$52,438,405.97
6597%
1-2 years
S14,164,2 t5.3 1
17.82°%
2-3 years
58,549,328.13
10.76°%
3-5 Years
S4:336,225.0 (1
5.46%
S79,488,174.31
100,00%
Market to Cost Position Report
Amortized
Madcet
Uruvalized * Source: Treasury and Agenav obligations - Union Bank of California
Inslitutiou
Cost
Value's
Gain (Loss) LAT balances per Local Agcncv LnvesloreutFund monthly sintemcnl_
Union Bonk Asmis
$40,708,515.09
$43,333,666,00
2,625,150.91
Union MM
2,598,610.84
2,588,610.84
0.00
Purchased Interest
20,340.27
20,340.27
0.00
LAIF
36,170,708.11
36,170,708.11
0.00
Totals:
S79,488,174.31
582,113,325.22
$2,625,150.91
(1) Callable once on 07123109
(2) Callable once on 9/15/09
(3) Call able once on 7/20109
(5) Callable once oil 06/23109
page 5