HomeMy WebLinkAbout02/15/2022 06.C. January 2022 Investment Transaction Report •
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 6.C.
For Meeting of: February 15, 2022
ITEM TITLE: January 2022 Investment Transaction 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.
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 2/3/2022 Corer Memo
2
p"f.
9
FINANCE
DATE: February 3, 2022
TO: Mayor and City Council
FROM: Jennifer Ferrer-Santa Ines, Director of Finance and Budget
Kimberly Domine Financial Services Manager
RE: January 2022 Investment Transactions
The investment transactions for January 2022 were:
Matured:
• none
Called:
• Microsoft Corp. $1,000,000. Called 01/06/22
Purchased:
• none
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-January 31,2022
$2,500,000
$2,000,000
$1,500,000 —
$1,000,000
$500,000
50
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Diversification by Issuer-January 31,2022
FFCB
Treas $11,000,000
$21,000,000 - 10.0% FHLB
19.2% $6,000,000
5 5%
FAMCA
$5,000,000
4.6%
FNMA
$4,000,000
3.6%
Apple
$1,000,000
0.9%
Walmart
$1,000,000
0.9%
$60,632,513
55.3%