HomeMy WebLinkAbout03/21/2023 06.C. February 2023 Investment Transaction Report Y�'1114'+
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 6.C.
For Meeting of: March 21, 2023
ITEM TITLE: February 2023 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
2/28/2023 Corer Memo
2
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FINANCE
DATE: February 28, 2023
TO: Mayor and City Council
FROM: Jennifer Ferrer-Santa Ines, Director of Finance and Budget
Kimberly Domine Financial Services Manager
RE: February 2023 Investment Transactions
The investment transactions for February 2023 were:
Matured:
• $1 ,000,000 FFCB matured 02/02/2023
Called:
• none
Purchased:
• $1 ,000,000 FHLB maturing 01/30/2024
• $1 ,000,000 FFCB maturing 08/15/2024
• $2,000,000 FHLB maturing 03/13/2026
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').
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FINANCE
City of Yakima
Investment Portfolio Maturity Distribution-FEBRUARY 28,2023
$2,500,000
$2,000,000
I
$1,5 00,000
1
$1.....00
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$sw,o00
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City of Yakima
Diversification by Issuer- FEBRUARY 28,2023
Treat
$364pnFHLB
000000 FFCB
$6,000,000
4.4%
FAMCA
$4,000,000
2.9%FNMA
$6,000,000
4.4%
Apple
$1,000,000
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0.7
Walmart
$1,000,000
0.7%
LGIP
$72,234,484
53.0%—