HomeMy WebLinkAbout02/20/2024 07.B. January 2024 Investment Transaction Report 1
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 7.B.
For Meeting of: February 20, 2024
ITEM TITLE: January 2024 Investment Transaction Report
SUBMITTED BY: Rosylen Oglesby, Interim Director of Finance and Budget
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
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FINANCE
ATE: February 1, 2024
TO: Mayor and City Council
FROM: Kimberly Domino Financial Services Manager
RE: January 2024 Investment Transactions
The investment transactions for January 2024 were:
Matured:
• $1,000,000 FAMCA matured 1/10/24
• $1,000,000 FHLB matured 1/30/24
Called:
• none
Purchased:
• $2,000,000 FFCB matures 1/19/27
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-January 31,2024
$2,500,000
$2,000,000
$1,500,000
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$1,000,000
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$500,000
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City of Yakima
Diversification by Issuer January 31,2024
FFCB
Treas _ $10,000,000
$38,000,000 p' 7.8%op FH LB
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FNMA
4.7%
LG IP
$6 2,°711 .°42
48.5% _