HomeMy WebLinkAbout11/21/2023 07.C. October 2023 Investment Transactions Report 1
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 7.C.
For Meeting of: November 21, 2023
ITEM TITLE: October 2023 Investment Transactions Report
SUBMITTED BY: Kimberly Domine, Financial Services Manager
SUMMARY EXPLANATION:
Monthly report of all investment transactions. Each investment is in full compliance with the City's
Investment Policy, State Statues and City Municipal Code. 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
❑ Memo 11/1/2023
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FINANCE
DATE: November 1, 2023
TO: Mayor and City Council
FROM: Kimberly Domino Financial Services Manager
RE: October 2023 Investment Transactions
The investment transactions for October 2023 were:
Matured:
• $2,000,000 FHLB matured 10/17/23
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-October 31,2023
$2,500,000
$2,000,000
$1,500,000
$1,000,000 H H 1 H iiiiim H 1 ill ' Him H H il
$500,000
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City of Yakima
Diversification by Issuer October 31, 2023
Tress FFCB
536,000,000 $9,000,000
28.3% 7.1%
FHLB
411,11.1111111141.11*
$6,000,000
4.7%
FAMCA
$5,000,000
3.9%
FNMA
$6,000,000
4.7%
LGIP
$65,184,682
51.3%