QUARTERLY REPORT AND CERTIFICATION OF THE COUNTY TREASURER For Quarter Ending September 30, 2013 COMPLIANCE CERTIFICATION

Transcription

1 QUARTERLY REPORT AND CERTIFICATION OF THE COUNTY TREASURER For Quarter Ending September 30, 2013 The Government Code requires the County Treasurer to render a Quarterly Report to the County Administrator, the Board of Supervisors, the County Auditor, the Treasury Oversight Committee, and the participants of the Treasury Pool. The Quarterly Report shall state compliance of the portfolio to the County Investment Policy and denote the ability of the pool to meet its pool's expenditures for the next six months, or provide an explanation as to why sufficient money shall or may not be available. COMPLIANCE CERTIFICATION I certify that the investments of the Sonoma County Investment Pool are in compliance with the County Investment Policy. I further certify that the pool has sufficient cash flow available to meet all budgeted expenditure requirements for the next six months. Treasurer County of Sonoma

2 SONOMA COUNTY POOLED INVESTMENT PROGRAM For Quarter Ending September 30, 2013 BEGINNING FUND BALANCE (07/01/2013) $1,504,737,374 ENDING FUND BALANCE $1,282,726,437 AVERAGE DAILY FUND BALANCE $1,325,205,185 TOTAL INTEREST EARNED (after fees) $2,279,681 INTEREST RATE (after fees) INTEREST RATE (before fees) TOTAL FUNDS MANAGED BY TREASURY TOTAL TREASURY BALANCE (including deferred compensation, tobacco endowment, special TRAN investments, active bank accounts and money in transit) $1,583,655,690 2

3 SONOMA COUNTY QUARTERLY INVESTMENT REPORT For Quarter Ending September 30, 2013 INVESTMENT POOL YIELD: The yield during this quarter is.765% before fees and.682% after fees. MARKET VALUE: The market value of the portfolio as of September 30, 2013, is at 99.39% of cost. The market values are up from the last Quarterly Report. Market values were obtained from Sungard Financial Systems and Bloomberg. REVERSE REPURCHASE AGREEMENTS: The pool has no reverse repurchase agreements. WEIGHTED AVERAGE MATURITY: The weighted average days to maturity is 1,163 days. Excluding SCEIP investments, the weighted average days to maturity is 1,029 days. CHARTS: Chart 1: Chart 2: The composition of the Investment Pool by the type of investment. Interest earnings of the Sonoma County Investment Pool compared to FED FUNDS and Local Agency Investment Fund. DETAILED LISTING OF INVESTMENTS: A detailed listing of all investments for the Pooled Investment Fund is located at the end of this report. 3

4 SONOMA COUNTY'S POOLED INVESTMENTS AS OF 9/30/ % 2.34% 1.44% 3.89% 10.46% 6.33% OTHER GOVERNMENT POOLS & JPA's 3.89% OTHER GOVERNMENTS 75.54% TREASURY BILLS AND NOTES 2.34% CASH, CHECKS, AND WARRANTS 1.44% MONEY MARKET MUTUAL FUNDS 6.33% CORPORATE BONDS AND NOTES 10.46% 4

5 SONOMA COUNTY TREASURER INVESTMENT POOL QUARTERLY YIELD COMPARISON 6.00% 5.50% 5.00% 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Pool 2.84% 2.06% 1.75% 1.19% 0.94% 1.03% 0.93% 0.94% 0.70% 0.74% 0.70% 0.99% 1.00% 1.04% 0.99% 0.93% 0.83% 0.83% 0.94% 0.77% Fed Fund 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% LAIF 2.53% 1.92% 1.52% 0.90% 0.60% 0.56% 0.56% 0.51% 0.47% 0.52% 0.38% 0.39% 0.39% 0.39% 0.36% 0.35% 0.32% 0.28% 0.24% 0.26% *This does not include special TRAN investments & deferred compensation Source: County of Sonoma, Office of the Auditor-Controller-Treasurer-Tax Collector 5

6 BOOK VALUE CHECKS AND WARRANTS IN TRANSIT $508,913 CASH IN VAULT $138,921 CASH IN BANK $17,954,810 TREASURY BILLS AND NOTES $29,998,308 BANKERS ACCEPTANCES $0 OTHER GOVERNMENTS $968,923,311 COMMERCIAL PAPER $0 CORPORATE BONDS AND NOTES $134,123,690 NEGOTIABLE CERTIFICATES OF DEPOSIT $0 OTHER GOVERNMENT POOLS AND JPA'S $49,863,310 MONEY MARKET MUTUAL FUNDS $81,215,173 TOTAL $1,282,726,437 6

7 SONOMA COUNTY TREASURY POOLED INVESTMENT INVENTORY AS OF SEPTEMBER 30, 2013 Description Maturity Date Purchase Date Coupon Rate Trading Yield Current Par / Current Book / TREASURY NOTES 05/15/ /27/ ,000, ,984, TREASURY NOTES 06/15/ /27/ ,000, ,013, SUBTOTAL TREASURY BILLS AND NOTES 2.34% 30,000, ,998, SERIES A 11/15/ /28/ ,700, ,700, SERIES B 11/15/ /28/ , , FEDERAL FARM CREDIT BANK 04/21/ /31/ ,000, ,996, FEDERAL HOME LOAN BANK 04/29/ /29/ ,000, ,000, AIRPORT NOTE /30/ /01/ , , AIRPORT NOTE /30/ /01/ , , FAIR /30/ /01/ ,200, ,200, HRMS /30/ /01/ ,925, ,925, SCEIP 2009A-5 09/02/ /03/ SCEIP 2009B-5 09/02/ /01/ , , SERIES A 11/15/ /28/ ,665, ,665, SERIES B 11/15/ /28/ , , FEDERAL HOME LOAN BANK 12/26/ /26/ ,000, ,000, FEDERAL FARM CREDIT BANK 04/15/ /15/ ,000, ,988, FHLMC 04/29/ /29/ ,000, ,000, FEDERAL FARM CREDIT BANK 06/18/ /26/ ,000, ,992, FEDERAL FARM CREDIT BANK 07/15/ /17/ ,000, ,992, FHLMC 07/24/ /24/ ,000, ,000, FEDERAL FARM CREDIT BANK 07/29/ /06/ ,000, ,988, FEDERAL HOME LOAN BANK 07/30/ /04/ ,000, ,000, FEDERAL HOME LOAN BANK 07/30/ /21/ ,000, ,000, FEDERAL HOME LOAN BANK 08/28/ /28/ ,000, ,000, SCEIP 2009C-5 09/02/ /02/ , , SCEIP 2009D-5 09/02/ /01/ , , SCEIP 2010A-5 09/02/ /04/ , , SCEIP 2010B-5 09/02/ /01/ , , SCEIP 2010C-5 09/02/ /01/ , , SCEIP 2010D-5 09/02/ /30/ , , FEDERAL FARM CREDIT BANK 10/15/ /15/ ,000, ,991, FEDERAL FARM CREDIT BANK 10/15/ /26/ ,000, ,000, FEDERAL NATL MTG ASSN 11/13/ /15/ ,000, ,000, SERIES A 11/15/ /28/ ,680, ,680, SERIES B 11/15/ /28/ , , FEDERAL FARM CREDIT BANK 12/10/ /10/ ,000, ,000, FHLMC 12/18/ /18/ ,000, ,993, FEDERAL FARM CREDIT BANK 12/21/ /21/ ,000, ,996, FEDERAL HOME LOAN BANK 12/28/ /28/ ,000, ,000, FEDERAL FARM CREDIT BANK 01/19/ /19/ ,000, ,000, FEDERAL FARM CREDIT BANK 02/01/ /11/ ,000, ,000, FEDERAL NATL MTG ASSN 02/24/ /05/ ,120, ,114, FEDERAL FARM CREDIT BANK 03/23/ /31/ ,000, ,000, FEDERAL NATL MTG ASSN 03/28/ /28/ ,000, ,995, FHLMC 04/04/ /04/ ,850, ,850, FEDERAL FARM CREDIT BANK 04/20/ /20/ ,000, ,998, FEDERAL HOME LOAN BANK 04/22/ /22/ ,000, ,000, FEDERAL NATL MTG ASSN 04/29/ /29/ ,000, ,000, FEDERAL FARM CREDIT BANK 05/02/2016 / 08/02/2012 / ,000,000.00, 9,993,084.58, 7

8 SONOMA COUNTY TREASURY POOLED INVESTMENT INVENTORY AS OF SEPTEMBER 30, 2013 Description Maturity Date Purchase Date Coupon Rate Trading Yield Current Par / Current Book / FEDERAL FARM CREDIT BANK 06/27/ /27/ ,000, ,000, FEDERAL FARM CREDIT BANK 06/27/ /28/ ,650, ,650, FEDERAL NATL MTG ASSN 06/27/ /28/ ,000, ,000, FEDERAL HOME LOAN BANK 07/15/ /15/ ,000, ,998, FEDERAL FARM CREDIT BANK 07/19/ /24/ ,000, ,000, FEDERAL NATL MTG ASSN 08/15/ /15/ ,000, ,991, AIRPORT NOTE /10/ /19/ ,000, ,000, FHLMC 09/14/ /14/ ,000, ,000, FEDERAL FARM CREDIT BANK 09/26/ /27/ ,875, ,875, FEDERAL NATL MTG ASSN 09/26/ /26/ ,000, ,000, FEDERAL HOME LOAN BANK 10/03/ /03/ ,750, ,750, FEDERAL HOME LOAN BANK 10/11/ /11/ ,000, ,000, FEDERAL FARM CREDIT BANK 10/17/ /30/ ,795, ,795, FEDERAL HOME LOAN BANK 10/24/ /09/ ,000, ,998, FEDERAL HOME LOAN BANK 10/25/ /25/ ,530, ,530, SERIES A 11/15/ /28/ ,695, ,695, SERIES B 11/15/ /28/ , , FEDERAL FARM CREDIT BANK 11/21/ /04/ ,350, ,345, FEDERAL FARM CREDIT BANK 12/05/ /05/ ,000, ,000, FEDERAL HOME LOAN BANK 01/25/ /25/ ,750, ,750, FHLMC 02/24/ /13/ ,000, ,000, FHLMC 03/21/ /21/ ,000, ,000, FEDERAL NATL MTG ASSN 03/24/ /24/ ,000, ,999, FEDERAL HOME LOAN BANK 04/24/ /24/ ,000, ,000, FEDERAL FARM CREDIT BANK 06/05/ /05/ ,000, ,987, FEDERAL NATL MTG ASSN 06/20/ /20/ ,765, ,765, FEDERAL NATL MTG ASSN 06/28/ /28/ ,000, ,000, FHLMC 07/24/ /24/ ,000, ,992, FEDERAL FARM CREDIT BANK 08/07/ /07/ ,000, ,000, FEDERAL HOME LOAN BANK 08/09/ /09/ ,000, ,997, FEDERAL NATL MTG ASSN 08/14/ /14/ ,000, ,000, FEDERAL NATL MTG ASSN 08/16/ /16/ ,000, ,998, FEDERAL NATL MTG ASSN 08/23/ /23/ ,000, ,000, FEDERAL NATL MTG ASSN 08/28/ /28/ ,000, ,000, FEDERAL NATL MTG ASSN 08/30/ /30/ ,500, ,500, FEDERAL HOME LOAN BANK 09/06/ /06/ ,425, ,425, FHLMC 09/12/ /17/ ,000, ,000, FEDERAL FARM CREDIT BANK 10/10/ /10/ ,000, ,000, FEDERAL HOME LOAN BANK 10/16/ /16/ ,000, ,000, FEDERAL HOME LOAN BANK 10/23/ /26/ ,000, ,991, FEDERAL NATL MTG ASSN 10/30/ /27/ ,760, ,738, FEDERAL NATL MTG ASSN 11/08/ /09/ ,000, ,995, SERIES A 11/15/ /28/ ,715, ,715, SERIES B 11/15/ /28/ , , FEDERAL FARM CREDIT BANK 11/20/ /20/ ,000, ,000, FEDERAL NATL MTG ASSN 11/27/ /27/ ,000, ,000, FEDERAL FARM CREDIT BANK 11/28/ /28/ ,000, ,000, FEDERAL NATL MTG ASSN 12/13/ /13/ ,000, ,000, FEDERAL NATL MTG ASSN 12/13/ /13/ ,000, ,989, FHLMC 12/20/ /20/ ,810, ,810, FEDERAL HOME LOAN BANK 12/28/ /28/ ,000, ,000, FHLMC 01/11/2018 / 01/11/2013 / ,000,000.00, 14,994,864.18, 8

9 SONOMA COUNTY TREASURY POOLED INVESTMENT INVENTORY AS OF SEPTEMBER 30, 2013 Description Maturity Date Purchase Date Coupon Rate Trading Yield Current Par / Current Book / FHLMC 01/16/ /16/ ,000, ,000, FEDERAL HOME LOAN BANK 01/30/ /30/ ,000, ,000, FHLMC 04/02/ /02/ ,000, ,000, FEDERAL HOME LOAN BANK 04/30/ /30/ ,000, ,000, FHLMC 04/30/ /30/ ,000, ,000, FEDERAL HOME LOAN BANK 06/12/ /12/ ,000, ,996, FEDERAL HOME LOAN BANK 06/19/ /19/ ,000, ,000, FHLMC 06/26/ /26/ ,000, ,000, FHLMC 07/30/ /30/ ,150, ,150, FEDERAL NATL MTG ASSN 08/28/ /28/ ,000, ,000, SCEIP 2009A-10 09/02/ /01/ , , SCEIP 2009B-10 09/02/ /03/ , , SCEIP 2009C-10 09/02/ /01/ , , SCEIP 2009D-10 09/02/ /01/ , , SCEIP 2009E-10 09/02/ /02/ , , SCEIP 2009F-10 09/02/ /01/ , , SCEIP 2010A-10 09/02/ /04/ , , SCEIP 2010B-10 09/02/ /01/ , , SCEIP 2010C-10 09/02/ /01/ , , SCEIP 2010D-10 09/02/ /01/ , , SCEIP 2010E-10 09/02/ /03/ , , SCEIP 2010F-10 09/02/ /01/ , , SCEIP 2010G-10 09/02/ /30/ , , SCEIP 2010H-10 09/02/ /02/ , , SCEIP 2010I-10 09/02/ /01/ , , SCEIP 2010J-10 09/02/ /01/ , , SCEIP 2010L-10 09/02/ /01/ , , SCEIP 2011A-10 09/02/ /03/ , , SCEIP 2011B-10 09/02/ /01/ , , SCEIP 2011C-10 09/02/ /01/ , , SCEIP 2011D-10 09/02/ /01/ , , SCEIP 2011E-10 09/02/ /02/ , , SCEIP 2011F-10 09/02/ /01/ , , SCEIP 2011G-10 09/02/ /30/ , , SCEIP 2011H-10 09/02/ /01/ , , SCEIP 2011I-10 09/02/ /01/ , , SCEIP 2010K-10 09/21/ /01/ , , SCEIP 2011J-10 09/02/ /03/ , , SCEIP 2011K-10 09/02/ /01/ , , SCEIP 2011L-10 09/02/ /01/ , , SCEIP 2012A-10 09/02/ /03/ , , SCEIP 2012B-10 09/02/ /01/ , , SCEIP 2012C-10 09/02/ /01/ , , SCEIP 2012D-10 09/02/ /02/ , , SCEIP 2012F-10 09/02/ /01/ , , SCEIP 2012G-10 09/02/ /29/ , , SCEIP 2012H-10 09/02/ /01/ , , SCEIP 2012I-10 09/02/ /04/ , , SCEIP 2012J-10 09/02/ /01/ , , SCEIP 2012K-10 09/02/ /03/ , , SCEIP 2013A-10 09/02/ /02/ , , SCEIP 2013B-10 09/02/2023 / 02/01/2013 / , ,

10 SONOMA COUNTY TREASURY POOLED INVESTMENT INVENTORY AS OF SEPTEMBER 30, 2013 Description Maturity Date Purchase Date Coupon Rate Trading Yield Current Par / Current Book / SCEIP 2013C-10 09/02/ /01/ , , SCEIP 2013D-10 09/02/ /01/ , , SCEIP 2013E-10 09/02/ /01/ , , SCEIP 2013F-10 09/02/ /03/ , , SCEIP 2013H-10 09/02/ /01/ , , SCEIP 2013I-10 09/02/ /03/ , , SCEIP 2009B-20 09/02/ /01/ , , SCEIP 2009C-20 09/02/ /01/ , , SCEIP 2009D-20 09/02/ /03/ , , SCEIP 2009E-20 09/02/ /01/ ,136, ,136, SCEIP 2009F-20 09/02/ /01/ ,225, ,225, SCEIP 2009G-20 09/02/ /02/ ,284, ,284, SCEIP 2009H-20 09/02/ /01/ ,041, ,041, SCEIP 2010A-20 09/02/ /04/ ,129, ,129, SCEIP 2010B-20 09/02/ /01/ ,456, ,456, SCEIP 2010C-20 09/02/ /01/ ,458, ,458, SCEIP 2010D-20 09/02/ /01/ ,568, ,568, SCEIP 2010E-20 09/02/ /03/ ,185, ,185, SCEIP 2010F-20 09/02/ /01/ ,573, ,573, SCEIP 2010G-20 09/02/ /30/ ,182, ,182, SCEIP 2010H-20 09/02/ /02/ ,454, ,454, SCEIP 2010I-20 09/02/ /01/ ,279, ,279, SCEIP 2010J-20 09/02/ /01/ , , SCEIP 2010K-20 09/02/ /01/ ,082, ,082, SCEIP 2010L-20 09/02/ /01/ ,282, ,282, SCEIP 2011A-20 09/02/ /03/ ,085, ,085, SCEIP 2011B-20 09/02/ /01/ ,010, ,010, SCEIP 2011C-20 09/02/ /01/ , , SCEIP 2011D-20 09/02/ /01/ , , SCEIP 2011E-20 09/02/ /02/ , , SCEIP 2011F-20 09/02/ /01/ , , SCEIP 2011G-20 09/02/ /30/ ,114, ,114, SUBTOTAL OTHER GOVERNMENTS 75.54% 969,094, ,923, GE CAP CORP MTN 05/13/ /14/ ,168, ,236, GE CAP CORP MTN 11/14/ /13/ ,000, ,148, CATERPILLAR 03/26/ /09/ ,000, ,081, WELLS FARGO CO MTN 07/01/ /06/ ,100, ,187, WELLS FARGO CO MTN 07/01/ /02/ ,600, ,711, WELLS FARGO CO MTN 07/01/ /09/ ,645, ,771, APPLE 05/03/ /10/ ,000, ,976, WELLS FARGO CO MTN 06/15/ /28/ ,000, ,700, TOYOTA 06/20/ /20/ ,000, ,000, GE CAP CORP MTN 04/27/ /06/ ,000, ,152, WELLS FARGO CO MTN 05/08/ /06/ ,000, ,128, CATEPILLAR 11/06/ /03/ ,000, ,028, GE CAP CORP MTN 12/07/ /07/ ,000, ,000, TOYOTA 12/20/ /20/ ,000, ,000, SUBTOTAL CORPORATE NOTES AND BONDS 10.46% 132,513, ,123,

11 SONOMA COUNTY TREASURY POOLED INVESTMENT INVENTORY AS OF SEPTEMBER 30, 2013 Description Maturity Date Purchase Date Coupon Rate Trading Yield Current Par / Current Book / FEDERATED MUTUAL FUND 10/31/ /30/ ,618, ,618, CAMP 10/31/ /08/ ,596, ,596, SUBTOTAL MONEY MARKET MUTUAL FUNDS 6.33% 81,215, ,215, LOCAL AGENCY INVESTMENT FUND 10/31/ /04/ ,863, ,863, SUBTOTAL GOVERNMENT POOLS AND JPA'S 3.89% 49,863, ,863, CASH IN BANK 1.40% 17,954, ,954, CHECK AND WARRANTS IN TRANSIT 0.04% 508, , CASH IN VAULT 0.01% 138, , GRAND TOTAL 100% 1,281,288, ,282,726,