HomeMy WebLinkAbout11/19/2024 07.C. October 2024 Investment Transaction Report r � ljlt
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 7.C.
For Meeting of: November 19, 2024
ITEM TITLE: October 2024 Investment Transaction Report
SUBMITTED BY: Viren Mayani, Director of Finance and Budget
SUMMARY EXPLANATION:
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:
2024-10 Investment Transactions Summary memo.pdf
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"',_ FINANCE
DATE: November 1, 2024
TO: Mayor and City Council
THRU: Vicki Baker, City Manager
FROM: Viren Mayani Director of Finance and Budget
Kimberly Domino Financial Services Manager
RE: October 2024 Investment Transactions
The investment transactions for October 2024 were:
Matured:
• $2,000,000 US Treasury matured 10/31/24
Called:
• none
Purchased:
• $2,000,000 US Treasury matures 01/31/28
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-October 31,2024
$2,500,000
$2,000,000 milliimillimilliiiiiii Hillill
$1,500,000
$1,000,000 11111111111111111111111111111111111
$500,000
$0
V' V 4 . N N N N `4 V1 rTi to 4 4 '0 4 '4 W 4 4 iD tO 4 4 N N N N ' N N N N N N N '4
N N N N N N iO N N N N N N N N N N N N N N N N N N N N N N A N N N N N N N N
4 c 2 c $o ra i it c 2 e ba u 6 C .n `c tio o m LL A n „ u o o m i n a � - o o v m LL `m Q . A 0 o v
z a a N Q a a a a o g a a o y b
City of Yakima
Diversification by Issuer October 31, 2024
FFCB
$13,000,000 FHLB
10.3% $13,000,000
I 10.3%
FAMCA
$8,000,000
6.3%
Treas FNMA
$35,000,000 $7,010,000
27.7% 5.5%
111111.1P
$50,302,124
39.8%
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