HomeMy WebLinkAbout02/21/2023 - 06.B. January 2023 Investment Transaction ReportB US INE S S O F T HE C I T Y C O UNC I L
YAK I M A, WAS HING T O N
AG E ND A S TAT E M E NT
I tem No. 6.B .
F or Meeting of: February 21, 2023
I T E M T IT L E :J anuary 2023 I nvestment Transaction Report
S UB M IT T E D B Y:J ennifer Ferrer-Santa I nes, Director of Finance and Budget
S UM M ARY E X P L ANAT I O N:
This monthly report is in compliance with R C W 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.
I T E M B UD G E T E D:NA
S T RAT E G I C P RI O RI T Y:P ublic Trust and Accountability
AP P RO V E D F O R S UB M IT TAL B Y T HE C IT Y M ANAG E R
RE C O M M E ND AT I O N:
Review only. S ubmitted for routine transparency and accountability
AT TAC HM E NT S :
Description Upload Date Type
Memo 2/2/2023 Cover Memo
1
FINANCE
DATE: February 1, 2023
TO: Mayor and City Council
FROM: Jennifer Ferrer-Santa Ines, Director of Finance and Budget
Kimberly Dominé Financial Services Manager
RE: January 2023 Investment Transactions
The investment transactions for January 2023 were:
Matured:
• $1,000,000 FNMA matured 01/19/2023
Called:
• none
Purchased:
• $2,000,000 US Treasury maturing 02/15/2026
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”).
2
FINANCE
3