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11/16/2021 04.C. October 2021 Investment Transactions Report f44 • 111 .( rr 11 i�O enc u nTry 1 BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. 4.C. For Meeting of: November 16, 2021 ITEM TITLE: October 2021 Investment Transactions Report SUBMITTED BY: Jennifer Ferrer Santa Ines, 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 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 0 Memo 11/4/2021 Corer Memo 2 FINANCE DATE: November 4, 2021 TO: Mayor and City Council FROM: Jennifer Ferrer-Santa Ines, Director of Finance and Budget RE: October 2021 Investment Transactions The investment transactions for October 2021 were: Matured: • none Called: • none Purchased: • $1,000,000 US Treasury maturing on September 30, 2025 • $1,000,000 Federal Farm Credit Bank maturing on April 13, 2023 • $1,000,000 US Treasury maturing on June 30, 2025 The focus of investments now is to fill maturity gaps in a shortened (3-4-year maturity horizon, instead of 5-year pre-COVID) ladder 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'). 3 \::::.: FINANCE City of Yakima Investment Portfolio Maturity Distribution -October 31,2021 $7,S(l0,000 $2,000,000 millinFirtil S1.500,000 — $1,000,000 — S500,000 $0 0 :0�' \L1 Ll' ,ti .,1' `''' ,,, sti' L ,''' c L La saJ' \Lfl ' ')a y L� - L� 'Li -1`" sc ` v� ,eQ ,eo ,T y� �� czF �o .mar t` \o 49 e oJ Nei," " 4a \'� 4QaoJ City of Yakima Diversification by Issuer-October 31,2021 FFCB Treas $11,000,000 $19,000,000 10 4% FHL6 18,0%- $6,000,000 5.7% r FAMCA $5,000,000 4.7% FNMA $3,000,000 2.8% Apple r$1,000,000 U56ancor 0.9% _ $1,000,000 Walmart 0.9% $1,000,000 Microsoft $1,000,000 0.9% LGIP $57,617,282 54.6%