HomeMy WebLinkAbout12/10/2024 07.D. November 2024 Investment Transaction Report r `y s ljlt
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 7.D.
For Meeting of: December 10, 2024
ITEM TITLE: November 2024 Investment Transaction Report
SUBMITTED BY: Viren Mayani, 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 24-25: A Resilient Yakima
RECOMMENDATION: Submitted for review. No action necessary
ATTACHMENTS:
2024-11 Investment Transactions Summary memo.pdf
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"',_ FINANCE
DATE: December 2, 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: November 2024 Investment Transactions
The investment transactions for November 2024 were:
Matured:
• $1,000,000 FFCB matured 11/08/24
• $1,000,000 US Treasury matured 11/14/24
Called:
• none
Purchased:
• $2,000,000 US Treasury matures 02/29/28
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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Investment Portfolio Maturity Distribution- November 30, 2024
$z,so0,000
$2,000,000
$1,so0,000
$1,030,000 III
$sao,0oo
$0 •
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City of Yakima
Diversification by Issuer November 30,2024
FFCB
$12,000,000 FHLB
9.3% $13,000,000
- 10.1%
•
FAMCA
$8,000,000
6.2%
Treas
$36,000,000 FNMA
28.0% $7,010,000
5.5%
LGIP
$52,506,341
40.9%
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