Kern County Treasurer-Tax Collector

Transcription

1 «* Kern County Treasurer-Tax Collector Home Admii'sisiraiion Financia! Services Taxpayer Services Resources CoiTcaci U For Quarter Ended March 3,207 Letter to the Board Portfolio Report Investment Earnings Kem County Treasurer-Tax Collector's Comparative Statement of Interest Earnings and Statistical Data Quarter Ending i! te rest Earnings Daily BaEance $8,96, $2,893,333, December 3, 206 3,639,52 $2,703,765,36.00 Co. Treasury T BH8 (9 M^noy Market Annuaii^ed day) Fund Yield Daily Avg. DaHyAvg September 30, 206 ), 8, $2,637,764, June 30, 206 $6,395, $3,058,450, Interest is computed on the accmal basis of accounting on the average daily balance method of apportionment, simple interest method, and net of all administrative costs. "Site Disclaimer** fcprivacv Policy* Copyright 207 Kem County Treasurer^rax Collector

2 kckc Kern County Treasurer-Tax Collector Home Adrninisti-ation nancial Servicss Taxpayer Services Resources ConiactUs LETTER TO THE BOARD 5:?'^ Kern County Treasurer-Tax Collector Jordan Kaufman Treasurer and Tax Collector Chase Nunneley Assistant Treasurer and Tax Collector Jordan Kaufman, Kem County Treasurer - Tax Collector Chase Nunneley, Assistant Treasurer - Tax Collector May 9, 207 Board of Supervisors Kem County Administrative Center 5 Truxtun Avenue Bakersfield, CA 9330 Treasurers Pooled Cash Quarterly Portfolio Reporting for Quarter Ended Interest earnings of the Treasurer-Tax Collector's pooled money investment program for the quarter ended were $8,96,823. These earnings represented a net annualized yield of.48 on a $2,893,333,555 net average daily balance of all money in the County Treasury for the same quarter. For reference, a comparable statement of interest earnings and pertinent statistical data, on a quarterly basis for the quarter ended is attached. The investment program generates millions of dollars of additional operating program revenue for the County, schools, and special purpose districts. Interest earnings were distributed to participating funds in the County Treasuiy and the information is available on ourwebsite. The attached Pooled Cash Portfolio Analysis for quarter ended is presented at fair market value in accordance with Statement No. 3 of the Governmental Accounting Standards Board (GASB), Accounting and Financial Reporting for Certain Investments and for External Pools. As defined, the Treasurers Pooled Cash Portfolio is an external pool and must report in accordance with GASB 3 for fiscal years beginning after June 5, 997. The reporting at fair market value is for compliance with GASB 3 and not to be used for budgetary purposes, since actual fund value and interest allocated in the Treasurers Pool are on an accmed accounting basis according to generally accepted principles. California Government Code Section (b)(2) requires a report of "compliance with the statement of investment policy, or manner in which the portfolio is not in compliance". As of the report date, all investments were in compliance with State law and our Investment Policy adopted by the Board of Supervisors on December 6, 206. California Government Code Section (b)(3) requires a "statement denoting the ability of the local agency to meet its pool's expenditure requirements for the next six months,..." To the best of my knowledge, the Treasurer's Pooled Cash Portfolio has sufficient liquidity to meet its obligations for the next six months. California Government Code Section (b)() requires disclosure of securities "under management of any outside party that is not also a local agency or the State of Califomia Local Agency Investment Fund..." Kem County holds securities in various trust accounts held in custody by third parties. These tmsts were created through debt issuance, and serve to protect the County and the bondholders. A summary report of those trusts is attached for your review. In accordance with California Government Code Section 30063(b), monies deposited into the Supplemental Law Enforcement Services Fund (SLESF-fund number 24068) are invested in the Treasurer's Pooled Cash Portfolio. For your Board's information, all County agencies are required to provide the same public reporting to their governing bodies when investing funds derived from surplus monies and/ordebt issuance. The only exception, by law, is for funds invested in the Local Agency Investment Fund (LAIF) or insured deposits of $00,000 or less per institution. I hereby certify that the investments herein are made in accordance with California Government Code Section and the Investment Policy of the Kem County Treasurer and Tax Collector as filed with the Board of Supervisors on December 6, 206. This information is now available on our website: IT IS RECOMMENDED that your Board RECEIVE AND FILE this information. Sincerely, Jordan Kaufman Treasurer and Tax Collector ec: County Administrative Office Auditor-Controller-County Clerk l Interested Parties Attachments

3 Portfolio Summary.40 Portfolio Yield for the Trailing 4 Quarters Total $3,095,425, Total Accrued Interest $0,675,33.00 Yield to at Cost Yield to at Market.9.35 ^ 0.80 '3 ^ 0.60 ^-^- Effective Weighted Average ^=--; _^_ Kem Portfolio =>LAIF ^-->lyeart-bill Jun 206 Sep 206 Dec 206 Mar 207 $700 Current Distribution to or Expected Call Date $00 -I $0 Overnight 2 Days - Month -3 IVIonths 3-6 Months 6-9 Months Page of 8

4 Portfolio Summary Sector Accmed Interest Original Yield of Total Assets Policy Limit Effective Local Agency Investment Fund $50,000 California Asset Management Program 52, , , Money Market Accounts $50,000 U.S. Treasuries 50,00 49, , Federal Agencies,227,2.00,227,40.33,22, , Supranationals 75,00 75,27 74, Negotiable CDs 625,00 625, , , Commercial Paper 225,00 224, , Corporate Notes 60,39 64, , , Total Securities 3,004,956 3,07, ,00, , Total Cash 93, , , Total Assets 3,098, ,, ,095, , $,400 $,200 Sector location D February 28, 207 ] $,000 S $600 $400 $200 -I T Cash LAIF Accounts CAMP u.s. Treasuries Federal Supranationals Municipal Bankers' Commercial Certificates Repurchase Corporate Money Asset-Backed Agencies Debt Acceptances Paper of Deposit Agreements Notes Market Securities Funds Page 2 of 8

5 Portfolio s and Structure Range of Total Assets Permitted Minimum Maximum Days (0 to 2 months),54,429.8,52,234.65,54, Days (I to 3 years) Days (3 to 5 years) Over 828 Days (Over 5 years),38, ,829.00,44, ,97.49,37, , Total Assets 3,098, ,, ,095, S&P s** m * '"^/;'" 3 ±8_ 5 «L Moody's s** * 0. BBB. 2 p-i ^^^^^^^^ -^^^^^^^^n^ ^"" 4 AJ <.AA 58 A/ 3 Aa 6 *Includes LAEF, Cash, FICA Account, and all securities without a rating from the respective rating agency. Includes CAMP for Moody's s, CAMP is rated m by S&P. ^Percentages may not sum to 00 due to rounding. Page 3 of 8

6 Portfolio Details Issuer Settlement Coupon Original Yield COOOs) COOOs) S&P Moody's Effective Pooled Funds Local Agency Investment Fund California Asset Management Program , , , m Total Pooled Funds , , , Money Market Accounts Stonecastle-FICA Total Money Market Accounts U.S. Treasuries U.S. Treasury U.S. Treasury U.S. Treasury U.S. Treasury U.S. Treasury 4/3/205 4/2/205 3/8/207 3/3/207 3/6/ /30/208 4/30/208 2/29/2020 6/30/2020 6/30/ Total U.S. Treasuries.38 50, , Federal Agencies 0,00 0,00 0,00 0,00 0,00 9, , , , ,95 9, , ,962. 0, , Federal Farm Credit Bauk Financing Corporation Tennesee Valley Authority Tennesee Valley Authority 4/27/205 4/27/205 2/5/202 9/28/205 8/27/205 2/2/205 2/8/205 4/0/205 4/6/205 2/24/206 2/0/205 2/30/205 /6/205 4/3/205 4/2/205 4/3/205 4/0/205 4/3/205 4/2/206 4/27/205 4/27/205 2/5/204 7/27/205 8/3/205 0/29/204 8/26/206 /20/203 /26/204 9/24/205 /26/204 2/2/204 /4/204 2/8/204 /4/206 2/30/ /6/207 5/30/207 6/5/207 8/28/207 9/4/207 9/8/207 9/22/207 9/25/207 9/25/207 0/0/207 2/8/207 2/8/207 2/8/208 3/9/208 3/9/208 3/2/208 4/7/208 4/7/208 4/8/208 4/27/208 4/27/208 5/2/208 6//208 8/3/208 9/8/208 0//208 0/5/208 0/5/208 /27/208 /27/208 /27/208 /27/208 /27/208 2/4/208 2/4/ ,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 5,.00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0, , ,00 0,00 0, , , , ,062 0, , , , ,23 0,40 0, , , , ,00 0,00 9,90 0, ,00 0, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,06.8 0,06.8 0,06.8 0,06.8 0,06.8 0, , AA4- '.02 '.7 '.8 '.4 '.45 '.34 '.48 '.48 '.48 '.52 '.68 '

7 Portfolio Details Issuer Settlement Coupon Original Yield S&P Moody's EfFective Fmancing Corporation 2/3/205 /3/205 /24/204 2/5/204 /26/206 2/4/205 2/4/205 2/28/205 2/3/206 3//207 8/29/206 2/2/206 2/2/206 4/7/205 /26/204 6/22/206 5/24/206 0//205 6/3/206 6/3/206 /7/205 6/3/206 5/26/206 9/24/205 6/4/206 /9/205 9/27/206 8/2/206 2//205 2/2/206 2/2/206 8/29/206 9/27/206 9/29/206 9/9/206 0/4/206 /5/205 7/4/206 5/9/206 4/8/206 4/28/206 4/28/206 /6/205 2/2/206 2/24/205 2/5/204 4/8/206 /0/206 5/0/206 8/25/206 /30/206 3/30/207 2/3/ /4/208 2/4/208 2/4/208 2/4/208 2/4/208 2/4/208 2/4/208 2/28/208 /6/209 2/25/209 2/26/209 3/8/209 3/8/209 3/8/209 3/8/209 3/22/209 4/5/209 5/30/209 6/3/209 6/3/209 6/6/209 6/3/209 6/4/209 6/4/209 6/4/209 6/20/209 7/9/209 7/26/209 8//209 8/2/209 8/2/209 8/5/209 8/23/209 9/6/209 9/26/209 0/4/209 0/9/209 0/9/209 0/9/209 0/8/209 0/28/209 0/28/209 /5/209 /25/209 /26/209 2/3/209 2/30/209 2/0/2020 2/0/2020 2/25/2020 2/28/2020 3/3/2020 5// ,00 0,00 8, ,00 0, ,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 5,00 0,00 0,00 5,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 5,00 2,44 0,00 0,00 0,00 0,00 5, ,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 5,00 5,00 0,00 5,00 5,00 0,00 9, , , ,3.20 2, , ,00 9, , , , , , , ,00 9,999 0, , , , ,00 5, , ,00 0,05.0 9,974 0,00 9,907 9,922 9, , , ,44 9, ,00 9, , , ,00 0,00 0,00 0, , , , ,00 5,00 5,00 0,00 5,00 5,22.0 9, , , , ,083.65, , , , , , , , , , ,0.86 9, ,95.6 0, , , , , , , , , , , , , , , ,982 2, , , , , , , , , , , , , , , , ,847 4, ,4.65 9,

8 Portfolio Details Issuer Settlement Coupon Original Yield S&P Moody's Effective 0/2/206 /5/206 /22/206 5/26/206 9/30/206 0/27/206 /0/206 2/8/206 9/27/206 0/2/206 2/29/206 2/30/206 /0/207 2/4/206 /30/206 3/29/207 4/28/206 /30/206 2//206 2/29/206 /5/207 3/29/207 2/9/206 4/3/207 2/7/206 2/5/206 2/7/ /8/2020 5/5/2020 5/22/2020 5/26/2020 6/2/2020 6/22/2020 6/22/2020 6/22/2020 6/22/2020 6/22/2020 6/29/2020 6/30/2020 7/0/2020 8/4/2020 /30/2020 3/29/202 4/28/202 5/26/202 6//202 6/29/202 8/2/202 8/2/202 8/7/202 0/7/202 0/7/202 /29/202 /29/ , ,00 9,50 5,00 8, ,00 0,00 0,00 0,00 5,00 0,00 0,00 5,00 0,00 0,00 20,00 5,35 20,00 5,00 0,00 0,00 25,00 0,00 5,00 0,00 0,00 0,00 6, ,00 9,50 5,00 9,9.8 0,25 0, , , , ,00 0,00 5,00 0, ,00 20,00 5,35 20,00 5,00 0,00 9, ,60 9, , , , , , , ,325 4, , , , , , ,978. 9, , , ,847. 9,85.9 9, , ,825 4, , , ,4 9, , , , , Total Federal Agencies.32,227,2.00,227,40.33,22, Supranationals International Fmance Corporation International Bank of Reconstruction & Development International Bank of Reconstruction & Development Inter-American Development Bank Inter-American Development Bank International Bank ofreconstmction & Development International Bank of Reconstruction & Development International Bank of Reconstruction & Development 4/5/205 /6/205 5/25/206 2/3/206 9/30/206 0/27/206 2/22/206 2/28/ /8/207 /6/209 7/26/209 0/5/209 6/6/2020 2//2020 6/22/202 9/28/ ,00 0,00 0,00 0,00 5,00 0,00 0,00 0,00 0,00 0,00 0, ,48 5,3.0 9, ,00 0,00 9, , , , , , ,990 9, Total Supranationals.56 75,00 75,27 74, Negotiable CDs Bank of Montreal Chicago Landesbank Baden-Wu Skandinaviska Enskilda NY BNP Paribas Sumitomo Mitsui Trust NY Nordea Bank Nordea Bank Toronto Dominion Credit Agricole Toronto Dominion Union Bank Canadian Imperial Bank of Commerce 2/28/206 3/27/207 3/6/207 3/28/207 2/29/206 0/27/206 2/4/206 3/5/207 5/25/206 8/26/206 6/23/206 3/6/ /4/207 4/5/207 4/9/207 4/9/207 5/3/207 5/9/207 5/23/207 5/24/207 5/25/207 5/26/207 6/6/207 6/9/ ,00 50,00 25,00 25,00 50,00 25,00 25,00 25,00 25,00 25,00 25,00 25,00 25, ,00 25,00 25,00 50,00 25,00 25,00 25,00 25,00 25, ,00 25,00 25, , , , , , , , , , , ,995.0 A-+ A-+ A-+ A-+ p- p- p-

9 Portfolio Details March 3,207 Issuer Settlement Coupon Original Yield ar Amount S&P Moody's Effective Mizulio Bank NY UBS AG Stamford CT UBS AG Stamford CT Mizuho Bank NY Wells Fargo UBS AG Stamford CT Canadian Imperial Bank of Commerce Societe Generale Bank of Nova Scotia Bank of Nova Scotia 3/20/207 6/23/206 6/23/206 9/30/206 7/20/206 9/8/206 2/9/206 3/28/207 2/22/206 2/8/ /9/207 6/20/207 6/20/207 6/27/207 7/20/207 8/29/207 9/2/207 9/20/207 0/24/207 /7/ Total Negotiable CDs ,00 625, , Commercial Paper Abbey National Treasury Ser/ices Natixis NY Natuds NY Natbds NY BNP Paribas Credit Agricole CIB NY Credit Agricole CIB NY Landesbank Baden-Wuerttemberg 3//207 2/27/207 2/3/206 3/20/207 3/6/207 2/9/206 2/9/206 3/29/207 4/4/207 4/4/207 4/25/207 5/24/207 6/7/207 7/3/207 7/8/207 /29/ Total Commercial Paper ,00 224, , Corporate Notes 25,00 25,00 25,00 25,00 25,00 25,00 25,00 50,00 25,00 25,00 25,00 25,00 25,00 25,00 50,00 25,00 25,00 25,00 25,00 25,00 25,00 25,00 25,00 25,00 25,00 50,00 25,00 25,00 24, , , , , , , , , ,003 25,003 25, , , , , ,857 24, , , , , , , , , A-+ p- p- p- p- p- p- p- p- p- p- p- p- p- p- p- p- p- p Ill MassMutual Global Funding MetLife MetLife New York Life Berkshu-e Hathaway XTO Energy Inc General Electric General Electric Morgan Stanley MetLife Wells Fargo IBM IBM IBM Wal-Mart Coca-Cola Company Wal-Mart Colgate-Pahnolive Berkshire Hathaway ANZ Banking Group Chevron Corp Commonwealth Bank of Australia 5/2/204 4/25/204 4//204 5/2/204 2//203 0/3/202 2/2/202 0/23/204 /9/203 /9/207 /28/203 2//203 3/7/206 2/6/205 5/4/205 3/30/207 3/3/207 7/4/205 4/3/206 /3/206 /26/205 5/4/205 5/4/205 4/27/205 /2/205 7/20/205 9//205 /29/206 2/4/ /5/207 4/0/207 4/0/207 5/5/207 5/5/207 8//207 0/5/207 2/6/207 2/6/207 /5/208 /0/208 /0/208 /22/208 2/6/208 2/6/208 2/6/208 2/5/208 4//208 4/6/208 4//208 5//208 5/3/208 5/3/208 5/3/208 5/5/208 5/5/208 6/24/208 7/3/208 9/20/ ,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 23, ,00 0,00 0,00 0,00 0,00 5,25 0,00 0,00 0,00 8,70 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0, , , ,8.80 0, ,63 0,6,209.80, ,889 0, , , ,969 0, ,226 0, , , , , , , ,97.60, , ,064 0, , ,00 0, , , , , , , , , ,982 9, , , , , , , , ,959 9, , , , , ,032. 0, ,05.44 AA BBB+ AA AA AA A

10 Portfolio Details March 3,207 Issuer Settlement Coupon Original Yield S&P Moody's Effective Coca-Cola Company Microsoft Microsoft IBM Colgate-Pahnolive IBM Wells Fargo Wells Fargo Wells Fargo Coca-Cola Company General Electric Berkshire Hathaway JP Morgan Chase US Bank US Bank US Bank General Electric Coca-Cola Company Chevrou Corp Procter & Gamble Co 4/22/205 4/23/205 4/27/205 5/27/206 4/29/206 3/28/206 7/4/205 3/3/207 3/6/206 8/8/206 6/22/206 6/2/206 2/20/206 /20/206 9/6/206 9/2/206 3/2/207 2/2/204 0/24/206 6/28/206 9/20/206 6/28/206 3/4/205 /5/206 /3/205 4/3/207 2/6/206 0/3/206 2/20/ //208 2/6/208 2/6/208 2/2/209 2/9/209 2/9/209 3/5/209 5/6/209 5/7/209 5/24/209 5/24/209 5/24/209 5/30/209 7/8/209 8/2/209 8/2/209 8/7/209 8/4/209 9/23/209 0/28/209 0/28/209 0/28/209 2/7/2020 9/6/2020 0/27/2020 /7/2020 5/6/202 5/6/202 /3/ ,00 0,00 0,00 0,00 0,00 0, ,00 0,00 0,00, ,00 0,00 7,07 0,00 20,29 0,00 0,00 5,00 0,00 0,77 8,00 0,00 0,00 0,00 0,00 0, ,00 0,00 0,00 0, ,9.00 0,7.20 0, , , , ,5.00 0, , , , , , , , , , ,05.0, ,78.6 0, , , , , ,253 0, ,76.0 0, , , , , , , , ,044.04,788 9, , , , , ,88.9 0, , , , , , , , ,996 0, , , ,82.47 AA A Total Corporate Notes.37 60, , Total Securities 3,004,956 3,07, ,00, Total Cash , , ,886.9 Total Assets 3,098, ,, ,095, Page 8 of 8