HomeMy WebLinkAbout11/16/2021 04.C. October 2021 Investment Transactions Report f44 •
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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').
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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
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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%