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12/14/2021 05.B. November 2021 Investment Transactions Report • I-\go i rr 11 i i�O enc u nrry 1 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 2 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"). 3 i7 :�4 eS rJ. .,i FINANCE City of Yakima Investment Portfolio Maturity Distribution-November 30, 2021 $2,500,000 $2,000,000 • $1,500,000 :::: $0 "i> �~ ' ' arya rye a y .aV \, °� 94aV ' Q 'V V 4a ° 9 ' aV 1 •V Q4\ ea ° ,ta '.0G,e ,,° a a o° a e N° 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% 111111. iL Microsoft $1,000,000 1.0% LG $53,618,81 51.7%