HomeMy WebLinkAbout08/20/2024 07.B. July 2024 Investment Transaction Report i4
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 7.B.
For Meeting of: August 20, 2024
ITEM TITLE: July 2024 Investment Transaction Report
SUBMITTED BY: Rosylen Oglesby, Assistant City Manager/Interim Director of Finance
and Budget
SUMMARY EXPLANATION:
Just a reminder that according to RCW 35.39.032, a monthly report of all investment
transactions must be provided to the city legislative authority by the responsible official or
committee. In addition, a comprehensive Treasury report is submitted to the City Council every
quarter. This report includes a complete listing of the city's financial position, an in-depth
analysis, economic outlook, and updates on investment strategy.
ITEM BUDGETED: N/A
STRATEGIC PRIORITY 24-25: A Resilient Yakima
RECOMMENDATION: Submitted for review. No action necessary
ATTACHMENTS:
2024-7_Investment_Transactions_Summary_memo.pdf
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FINANCE
DATE: August 5, 2024
TO: Mayor and City Council
THRU: Vicki Baker, City Manager
FROM: Rosylen Oglesby, Assistant City Manager/Interim Director of Finance and Budget
Kimberly Domino Financial Services Manager
RE: July 2024 Investment Transactions
The investment transactions for July 2024 were:
Matured:
• $2,000,000 US Treasury matured 7/31/24
Called:
• none
Purchased:
• $2,000,000 US Treasury matures 08/15/27
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-July 31,2024
$2,500,000 - —
$2,000,000
$1,500,000 _ lliciiimillirniiiiiimiillill
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$1,000,000
$500,000
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City of Yakima
Diversification by Issuer July 31, 2024
FFCB
$14,000,000
11.3% f H LB
$9,000,000
- 7.3%
FAMCA
$8,000,000
Treas - 6.5%
$36,000,000
29.1%
FNMA
$5,010,000
4.1%
IIIIIIIIIIPFLGIP
$51,643,762
41.8%
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