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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEM ENT
Item No. 4.C.
For Meeting of: June 16, 2020
ITEM TITLE: May2020 Investment Transactions Report
SUBMITTED BY: Steve Groom, Director of Finance and Budget
SUMMARY EXPLANATION:
This monthly Investment Transactions 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. Each investment is in full compliance with the City's Investment Policy, State Statues and
the City's Municipal Code.
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
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FINANCE
DATE: June 5, 2020
TO: Mayor and City Council
FROM: Steve Groom, Finance Director
RE: May 2020 Investment Transactions
The investment transactions for May 2020 were:
Matured:
• $3,000,000 FNMA May 22, 2020
Called:
• none
Purchased:
• None — all proceeds transferred to the City's Account on deposit with the
State Treasurer's Local Government Investment Pool (LGIP)
Noteworthy:
• LGIP balance currently includes $11 ,681 ,000 in convention center expansion
bond proceeds
During the current market volatility, the range of investment options for 1- to 5- year maturities
has been consistently below 0.40%or .0040. The LGIP has an average weighted maturity of
about 45 days, so its yield (0.494%at 5/31) will continue to 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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