HomeMy WebLinkAbout05/17/2022 06.C. April 2022 Investment Transaction Report •
BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 6.C.
For Meeting of: May 17, 2022
ITEM TITLE: April 2022 Investment Transaction Report
SUBMITTED BY: Jennifer Ferrer-Santa Ines, Director of Finance and Budget
Kimberly Domine, Financial Services Manager
SUMMARY EXPLANATION:
This monthly report is in compliance 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 that
provides a complete position listing with further analysis, economic outlook and strategy updates.
Each investment is in full compliance with the City's Investment Policy, State Statues and City
Municipal Code.
ITEM BUDGETED: NA
STRATEGIC PRIORITY: Public Trust and Accountability
APPROVED FOR SUBMITTAL BY THE CITY MANAGER
RECOMMENDATION:
Review only. Submitted for routine transparency and accountability purposes.
ATTACHMENTS:
Description Upload Date Type
5/2/2022 Corer Memo
2
FINANCE
DATE: May 2, 2022
TO: Mayor and City Council
FROM: Jennifer Ferrer-Santa Ines, Director of Finance and Budget
Kimberly Domine Financial Services Manager
RE: April 2022 Investment Transactions
The investment transactions for April 2022 were:
Matured:
• $1 ,000,000 FNMA matured on April 5, 2022
Called:
• none
Purchased:
• $2,000,000 US Treasury maturing on July 31, 2025
The focus of investments now is to fill maturity gaps in a 4-5-year maturity horizon to
minimize reinvestment risk and maximize investment earnings while maintaining a
consistent cash flow.
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').
3
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FINANCE
City of Yakima
Investment Portfolio Maturity Distribution-April 30,2022
$2,5 00,000
$2,000,000
$1,500,000
$1,000,000
$590,000
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City of Yakima
Diversification by Issuer-April 30,2022
Treas
$27,000,000
23.1%-, FFCB
$11,000,000
9.4%
FH LB
$5,000,000
4.3%
FAMCA
$5,000,000
4.3%
FNMA
$3,000,000
2.6%
Apple
$1,000,000
_.........0000011111110
0.9%
Walmart
$1,000,000
0.9%
LGIP
$63,652,095
54.6%