HomeMy WebLinkAbout09/19/2023 06.B. August 2023 Investment Transaction Report 1
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STAT EM ENT
Item No. 6.B.
For Meeting of: September 19, 2023
ITEM TITLE: August 2023 Investment Transaction Report
SUBMITTED BY: 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
❑ 9/6/2023 Backup Material
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FINANCE
DATE: September 5, 2023
TO: Mayor and City Council
FROM: Kimberly Domino Financial Services Manager
RE: August 2023 Investment Transactions
The investment transactions for August 2023 were:
Matured:
• $1,000,000 Treasury matured 08/31/23
Called:
• none
Purchased:
• $2,000,000 FFCB matures 07/06/23
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-August 31,2023
$2,500,000
$2,000,000
$1,500,000
---- IIIIIIIIIIII I I I I I II I I I I In
$1,000,000 H Him 1 Hi iiiiimi II 1 H Hi iiiiiii
$500,000
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City&Yakima
Diversification by Issuer August 31, 2023
FFCB
Treas _ $9,000,000
$36,000,000 7.2%
28.7%_ FHLB
$8,000,000
6.4%
FAMCA
11111N,Pli -
3.2%
FNMA
- $6,000,000
4.8%
LGIP
$62,613,020
illUIP"
49.8%