HomeMy WebLinkAbout03/18/2025 07.C. February 2025 Investment Transaction Report i4
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 7.C.
For Meeting of: March 18, 2025
ITEM TITLE: February 2025 Investment Transaction Report
SUBMITTED BY: Mike Bailey, Interim Director of Finance and Budget
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:
2025-2 Investment Transactions Summary memo.docx
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FINANCE
ATE: March 10, 2025
TO: Mayor and City Council
FROM: Kimberly Domino Financial Services Manager
RE: February 2025 Investment Transactions
The investment transactions for February 2025 were:
Matured:
• $2,000,000 US Treasury matured 2/28/25
Called:
• none
Purchased:
• $2,000,000 US Treasury matures 5/31/28
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
City of Yakima
Investment Portfolio Maturity Distribution-February 28,2025
_,500,000
S2.000,000
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
.1,500,000
300,000
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
$500,000
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City of Yakima
Diversification by Issuer February 28,2025
FFCB
$12,000,000 FHLB
9.8% $14,000,000
11.5%
FAMCA
$7,000,00C
5.7%
FNMA
Tress $6,000,000
$331.1%00 4.9%
31.1%
LGIP
$45,071,828
36.9%
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