HomeMy WebLinkAbout06/20/2023 06.C. May 2023 Investment Transaction Report •
BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 6.C.
For Meeting of: June 20, 2023
ITEM TITLE: May 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.
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
ATTACHMENTS:
Description Upload Date Type
6/2/2023 Corer Memo
2
!44£
FINANCE
DATE: June 2, 2023
TO: Mayor and City Council
FROM: Jennifer Ferrer-Santa Ines, Director of Finance and Budget
Kimberly Domine Financial Services Manager
RE: May 2023 Investment Transactions
The investment transactions for May 2023 were:
Matured:
• $1 ,000,000 Apple matured 05/03/2023
Called:
• none
Purchased:
• $2,000,000 FHLB maturing 06/12/2026
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").
3
FINANCE
City of Yakima
Investment Portfolio Maturity Distribution-May 31,2023
$2,500,000
$2,000,000 ill
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$1,500 000
111111111111111
$1,000,000 -
5500,000
$0 •
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City of Yakima
Diversification by Issuer May 31,2023
Treas FFCB
$37,000,000 $9,000,000
27'7% 61% FHLB
$8,000000
Ale
FAMCA
$4,000,000
" FNMA
$6,000,000
4.5%
Walmart
$1,000,000
0_7%
LGIP
$68,745,053
51.4%