HomeMy WebLinkAbout12/14/2021 05.B. November 2021 Investment Transactions Report •
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 5.B.
For Meeting of: December 14, 2021
ITEM TITLE: November 2021 Investment Transactions Report
SUBMITTED BY: Jennifer Ferrer-Santa Ines, Director of Finance and Budget
SUMMARY EXPLANATION:
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. Each investment is in full compliance with the City's Investment Policy, State Statues
and City 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 purposes.
ATTACHMENTS:
Description Upload Date Type
CI Mem 12/1/2021 Corer Memo
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FINANCE
DATE: December 1 , 2021
TO: Mayor and City Council
FROM: Jennifer Ferrer-Santa Ines, Director of Finance and Budget
RE: November 2021 Investment Transactions
The investment transactions for November 2021 were:
Matured:
• none
Called:
• none
Purchased:
• $2,000,000 US Treasury maturing on February 28, 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-November 30, 2021
$2,500,000
$2,000,000 •
$1,500,000
::::
$0
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City of Yakima
Diversification by Issuer-November 30,2021
FFCB
$11,000,000 FHLB
Treas 10 6% $6,000,000
$21,000,000 ` _ 5.8%
20.3%--- I FAMCA
$5,000,000
4.8%
/ FNMA
$3,000,000
2.9%
Apple
$1, 0,000
1.0% USBanc°rp
1.
$1,000,000
walmart 1.0%
_ $la0000a
1-0%
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iL Microsoft
$1,000,000
1.0%
LG
$53,618,81
51.7%