HomeMy WebLinkAbout06/21/2022 06.C. May 2022 Investment Transaction Report BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 6.C.
For Meeting of: June 21, 2022
ITEM TITLE: May 2022 Investment Transaction Report
SUBMITTED BY: Jennifer Ferrer-Santa Ines, Director of Finance and Budget
Kimberly Domine, Financial Services Manager
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
121 6/6/2022 Corer Memo
2
FINANCE
DATE: June 1, 2022
TO: Mayor and City Council
FROM: Jennifer Ferrer-Santa Ines, Director of Finance and Budget
Kimberly Domine Financial Services Manager
RE: May 2022 Investment Transactions
The investment transactions for May 2022 were:
Matured:
• $1 ,000,000 FFCG matured on May 16, 2022
Called:
• none
Purchased:
• $1 ,000,000 US Treasury maturing on March 31, 2023
• $2,000,000 FNMA maturing on August 25, 2025
The focus of investments now is to fill maturity gaps in a 4-5-year maturity horizon to
minimize reinvestment risk and maximize investment earnings while maintaining a
consistent cash flow.
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 - May 31,2022
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000 11111I
$0 I
'0, �•11, ,a'V: �1•L iy o.yy a.I `'I �a-V J�17 1,> o,1, c 4 `1t" �a- f\1, �1,t` o,1t ,f? a`uc �aa:-J1y �,Ly �,tiy
Sa 4., 4 4c 41 a s e� 41 t� 4 t� t� , eo
City of Yakima
Diversification by Issuer-May 31,2022
Treas
$28,000,000
23.2%- FFCB
$10,000,000
8.3% FHLB
$5,000,000
4.1%
0
FAMCA
$5,000,000
i 4.1%
FNMA
$5,000,000
4.1%
Apple
4 .......00/1100 _$1,00$0,000
Walma- rt
$1,000,000
0.8%
LGIP
$65,710,569
54.4% —