HomeMy WebLinkAbout12/12/2023 07.C. November 2023 Investment Transaction Report 1
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 7.C.
For Meeting of: December 12, 2023
ITEM TITLE: November 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
❑ Investment Summary 12/4/2023 Backup Material
2
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FINANCE
DATE: November 29, 2023
TO: Mayor and City Council
FROM: Kimberly Domino Financial Services Manager
RE: November 2023 Investment Transactions
The investment transactions for November 2023 were:
Matured:
• $1,000,000 FFCB matured 11/01/23
Called:
• none
Purchased:
• $2,000,000 US Treasury matures 08/15/26
• $2,000,000 FFCB matures 10/30/26
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- November 30, 2023
$2,500,000
$2,000,000
1,500,000
$ Hi 1 ii 1 iii
III I 1 III I I III I I
$1,000,000 11111111111 1 H H 1 II 1 1 1 H H 1 1 1 II II
$500,0130
$0 .g3 A- g.- A A 'A N14- 7. ,7,," 4 A A ,"1 ;41 'A L,',1 r.; '41 r.' V.,' `,1 LA' VI gi ;44° N' g,,' i- ;-`,,' ,' `,2
City of Yakima
Diversification by Issuer November 30, 2023
Treas FFCB
$38,000,000 - $10,000,000
FHLB
$6,000,000
FAMCA
diegi $5,3000000
---- -----.-.04111111111- FNMA
$6,00
LGIP0,000
$65,184,682
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50.1%