HomeMy WebLinkAbout08/15/2023 06.C. July 2023 Investment Transaction Report 1
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 6.C.
For Meeting of:August 15, 2023
ITEM TITLE: July 2023 Investment Transaction Report
SUBMITTED BY: *Rosylen Oglesby,Assistant City Manager/ Interim Finance
Director
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
D Memo 8/1/2023 Corer Memo
2
•
FINANCE
DATE: July 24, 2023
TO: Mayor and City Council
FROM: Kimberly Domino Financial Services Manager
RE: July 2023 Investment Transactions
The investment transactions for July 2023 were:
Matured:
• $2,000,000 FFCB matured 07/19/23
Called:
• none
Purchased:
• none
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-July 31, 2023
S2,500,000
000,000
$1,500,000
S 1,000,000
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$500,000
$0
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City of Yakima
Diversification by Issuer July 31, 2023
Treas
$37,000,000 F FC B
29.1%-. - $7,000,000
• 5.5% FHLB
S8,000,000
IS.335
FAMCA
$4,000,000
3.1%
FNMA
$6,000,000
4.7%
LGIP
$6 5,289,973
51.3%