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01/05/2021 04B November 2020 Investment Transactions ReportB US INE S S O F T HE C I T Y C O UNC I L YAK I M A, WAS HING T O N AG E ND A S TAT E M E NT I tem No. 4.B . For Meeting of: J anuary 5, 2021 I T E M T IT L E :November 2020 I nvestment Transactions Report S UB M IT T E D B Y:S teve Groom, Director of Finance and Budget S UM M ARY E X P L ANAT I O N: This monthly report is in compliance with R C W 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. E ach investment is in full compliance with the City’s I nvestment Policy, S tate S tatues and City Municipal Code. I T E M B UD G E T E D:NA S T RAT E G I C P RI O RI T Y:P ublic Trust and Accountability AP P RO V E D F O R S UB M IT TAL B Y T HE C IT Y M ANAG E R RE C O M M E ND AT I O N: Review only. S ubmitted for routine transparency and accountability purposes. AT TAC HM E NT S : Description Upload Date Type Investment Transactions Report 12/4/2020 Cover Memo 1 FINANCE DATE: December 4, 2020 TO: Mayor and City Council FROM: Steve Groom, Finance Director RE: November 2020 Investment Transactions The investment transactions for November 2020 were: Matured: • $1,000,000 US Treasury November 30, 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) Since Dec. 31, 2019, the laddered portfolio of treasuries, agencies and corporates has decreased by $28,500,000 LGIP balance has increased by $37,000,000. During the current market volatility, the range of investment options for 1- to 3- year maturities during November fluctuated slightly, between 0.10% to 0.26%. CDs range from 0.05% to 0.15%. The LGIP has an average weighted maturity of about 47 days, so its yield (0.15237% at 11/30) has continued to fall to about that range, however there continues to be no advantage to purchasing an investment with lower yield “locking in” low rates. 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”). 2