HomeMy WebLinkAbout05/21/2024 07.B. April 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: May 21, 2024
ITEM TITLE: April2024 Investment Transaction Report
SUBMITTED BY: Rosylen Oglesby, Interim Director of Finance and Budget
SUMMARY EXPLANATION:
This monthly report is provided consistent 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 which
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
a
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FINANCE
ATE: May 1, 2024
TO: Mayor and City Council
FROM: Kimberly Domino Financial Services Manager
RE: April 2024 Investment Transactions
The investment transactions for April 2024 were:
Matured:
• $1,000,000 US Treasury matured 4/15/24
• $1,000,000 US Treasury matured 4/30/24
Called:
• none
Purchased:
• $2,000,000 FAMCA matures 4/16/27
• $2,000,000 US Treasury matures 5/31/27
The focus of investments now is to extend the investment ladder from the current 3 years
to 4 years 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 City of Yakima
Investment Portfolio Maturity Distribution-April 30, 2024
$2,500,000
$2,000,000
I I I I I II II I II 11111 I I II III II I I
$1,500,000
--- I I I I I II III 1111111111111111111
$1,000,000
---- Il I I 1111111 II II 1111111111 I 1111111111
$500,400
$0 i •N X N g CI A- A A K1 `,`, 'Al in rs', `,11 'AI K1 `,:,' I-:, `4 in g `.,' 'A,' >'- gl ',.?, `.,:' gI nA,D `,`,,'z `iF,,' ',:i r,::, 4-• r,:,
rag ,3- ",, , ,,° rag t -, 13- ",, ;) '' ,hE, 1 4a g .7 y,- A 1
City of Yakima
Diversification by Issuer April 30,2024
FFCB
$14,000,000
11.0% FHLB
$6,000,000
Treat
$36,000,000
28.4% 09 FAMCA
$8,000,000
6.3%
FNMA
3.2%
$58,866,099
46.4%