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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 4.D.
For Meeting of:August 18, 2020
ITEM TITLE: July 2020 Investment Transactions Report
SUBMITTED BY: Steve Groom, Director of Finance and Budget
SUMMARY EXPLANATION:
Monthly report of all investment transactions. Each investment is in full compliance with the City's
Investment Policy, State Statues and City Municipal Code. This monthly report is in compliance
with RCW 35.39.032 which requires "The responsible official or committee shall make at
monthly report of all investment transactions to the city legislative authority" A come
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
CI In stment Transactions re rt 010/20 xecuti u arr�
2
FINANCE
DATE: August 6, 2020
TO: Mayor and City Council
FROM: Steve Groom, Finance Director
RE: July 2020 Investment Transactions
The investment transactions for July 2020 were:
Matured:
• none
Called:
• $1 ,000,000 FHLMC July 10, 2020
• $1 ,000,000 FHLB July 24, 2020
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 ,086,000 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 0.30%or.0030. The LGIP has an average weighted maturity of about
45 days, so its yield (0.2994%at 7/31) will continue to fall to about that range, however there is
no current advantage to purchasing an investment with lower yield "locking in" low rates when
LGIP begins to rise.
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
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