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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 4.B.
For Meeting of: May 19, 2020
ITEM TITLE: April 2020 Investment Transactions Report
SUBMITTED BY: Steve Groom, Director of Finance and Budget
SUMMARY EXPLANATION:
Monthly report of all investment transactions.
This monthly report is in compliance 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 that 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
pril In st ent e rt 51 12020 backup Material
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FINANCE
DATE: May 5, 2020
TO: Mayor and City Council
FROM: Steve Groom, Finance Director
RE: April 2020 Investment Transactions
The investment transactions for April 2020 were:
Matured:
• $1 ,000,000 FFCB Apr. 29, 2020
Called:
• $2,030,000 FHLB called Apr. 10, 2020
• $1 ,000,000 FHLMC called Apr. 10, 2020
• $1 ,000,000 FHLMC called Apr. 15, 2020
• $2,010,000 FNMA called Apr. 30, 2020
Purchased:
• None — all proceeds transferred to the City's Account on deposit with the
State Treasurer's Local Government Investment Pool (LGIP)
During the current market volatility, the range of investment options for 1- to 5- year maturities
has bene consistently below 0.50% or .0050. The LGIP has an average weighted maturity of
about 45 days, so its yield (0.82%at 4/30) will fall to about that range, however there is no
current advantage to purchasing an investment with lower yield.
This monthly report 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
In vetrne-st Pnoro, •w Maturity DistributIon -Apr.30,2020
City of Ya<ima
Diversification by#ssiter-Apr. 30,2020
HILMC 5E000,000,8%
FAMCA S5,000,000,7%
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Sa,000)300 rt*-41; R.EFCCtRP $4,789,600,6%
Ftyta„ 10%
st000too; Apple, $1,000,000
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Sir BNY $1,000,000,
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s7appo US8ancorp, $1,000/000
996 Waimart, 51,000,000
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lasisisistiviNEE Microsoft, 51,00),000
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