HomeMy WebLinkAbout02/18/2025 07.C. January 2025 Investment Transaction ReportItem No. 7.C.
For Meeting of: February 18, 2025
ITEM TITLE:January 2025 Investment Transaction Report
SUBMITTED BY:Kimberly Domine, Financial Services Manager
BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
SUMMARY EXPLANATION:
This monthly report is provided consistent with RCW 35.39.032 which requires “The responsible official
or committee shall make a monthly report of all investment transactions to the city legislative authority”.
A complete Treasury report is provided to City Council quarterly which provides a complete position
listing with further analysis, economic outlook and strategy updates.
ITEM BUDGETED: N/A
STRATEGIC PRIORITY 24-25: A Resilient Yakima
RECOMMENDATION: Submitted for review. No action necessary.
ATTACHMENTS:
2025-1 Investment Transactions Summary memo.pdf
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FINANCE
ATE: February 3, 2025
TO: Mayor and City Council
FROM: Kimberly Dominé Financial Services Manager
RE: January 2025 Investment Transactions
The investment transactions for January 2025 were:
Matured:
• $1,000,000 FAMCA matured 1/03/25
• $1,010,000 FNMA matured 1/07/25
Called:
• none
Purchased:
• $1,000,000 FHLB matures 4/26/28
• $1,000,000 FHLB matures 4/28/28
The focus of investments now is to fill maturity gaps in a shortened (3-4-year maturity
horizon, instead of 5-year pre-COVID) ladder to minimize reinvestment risk subject to
rates at any one point in time and hedging against further decreasing rate exposure.
This monthly memorandum of all investment transactions complies with RCW 35.39.032 (“The
responsible official or committee shall make a monthly report of all investment transactions to the
city legislative authority”).
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FINANCE
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