HomeMy WebLinkAbout06/18/2024 07.B. May 2024 Investment Transaction Report r `y s ljlt
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 7.B.
For Meeting of: June 18, 2024
ITEM TITLE: May 2024 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: N/A
STRATEGIC PRIORITY: Fiscal Sustainability
RECOMMENDATION: Submitted for review. No action necessary
ATTACHMENTS:
2024-5_Investment_Transactions_Summary_memo.pdf
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FINANCE
DATE: June 1, 2024
TO: Mayor and City Council
THRU: Dave Zabel!, Interim City Manager
FROM: Rosylen Oglesby, Assistant City Manager/Interim Director of Finance and Budget
Kimberly Domine, Financial Services Manager
RE: May 2024 Investment Transactions
The investment transactions for May 2024 were:
Matured:
• $2,000,000 US Treasury matured 5/31/24
Called:
• none
Purchased:
• $1,000,000 US Treasury matures 11/14/24
• $1,010,000 FNMA matures 01/07/25
• $2,000,000 FHLB matures 06/11/27
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 of Yakima
Investment Portfolio Maturity Distribution-May 31,2024
$2,500,000
$2,000,000
$1,500,000 illiiiiii inicillilli illi mill m
$1,000,000 11 1 11 11 1 1 1 1 11 1 1 1 11 1 11 1 1 11 1 11 1
$0 . •A- .,Zt ',',i g gn'4 A 74 A I.f.' `,.?, r,, LA LA LA `,:i" `A '4', 'A ..rs1 to ,.'°, to ',°, ',•?, ',.3, to to to re:-. Nr I;.-, Nr- r,-,
_ - 31 o28 `4 ,2 `i < -?, '-' . (:) 21S' gL2 la 2• - •[ ,X (D2 . 4' 1' 3 < -
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City of Yakima
Diversification by Issuer May 31,2024
FFCB
$14,000,000
FHLB
11.0%
$8,000,000
6_3%
Treas
$35,000,000 FAMCA
27.5% $8,000,000
6_3%
- Inglillillgi ..' FNMA
$5,010,000
---- 3.9%
IIIIIIIIVLGIP
$57,136,315
44.9%
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