HomeMy WebLinkAbout07/07/2009 09C 1st Quarter 2009 Treasury Report BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 9
For Meeting Of 7 -7 -2009
ITEM TITLE: 1st Quarter 2009 Treasury Report
SUBMITTED BY: Finance Department
CONTACT PERSON/TELEPHONE: Rita DeBord, Finance Director / 575 -607
Timothy Jensen, Treasury Services Offic 7 -6070
SUMMARY EXPLANATION:
The Treasury Report for the first Quarter of 2009 consists of the following: (
• Portfolio Summary
• Schedule(s) of Investment Inventory by Maturity and first call date (
• Sales /Calls Report (including State Pool)
• Maturities Report
• Purchases Report (including State Pool)
• Schedules of General Obligation & Revenue Bonds Payable
• LID Cash Balances, & LID Bonds & Notes Payable
• LID Warrants Payable
• LID Bonds /Notes Payable vs. LID Guaranty Fund
• Warrant Activity for Claims (Accounts Payable) & Payroll Clearing Funds
• Report of Cash Balances
(1) Schedules of investments by fund are available in the Finance Department.
(2) Refer to page(s) 3 & 4 for a description of Treasurer's Reports.
Economic Overview:
Note: Although the national economic conditions summarized below are grim, it should be
noted that the City invests in high quality government sponsored entities and has sufficient
liquidity to meet its near -term obligations.
The economy remains fragile, especially when viewed from the perspective of labor market
reports. However, some mixed reports from business and consumer spending and the
housing market suggest to some the possibility of a bottom. It's still too early to call, but
Continued...
Resolution Ordinance Other (Specify) Report
Contract Mail to (name and address):
Phone:
Funding Source
APPROVED FOR SUBMITTAL:
City Manager
STAFF RECOMMENDATION: Accept Report.
BOARD/ COMMISSION RECOMMENDATION: N/ A
COUNCIL ACTION:
the economy may be taking at least a step in the right direction. However, many
developments conventional wisdom holds necessary for a sustainable recovery.- a rebound
in housing prices, an expansion of consumer credit, growth in business investment and
employment - are not likely to happen any time soon. So far any signs of recovery in the
economy are entirely powered by governmental stimulus. Because stimulus cannot continue
indefinitely, the high reliance on these programs throws the prospective expansion's
sustainability into doubt. National unemployment will probably top at 10% before showing
any signs of slowing, (we're currently at 9.4%) and it will likely be late 2010 or even 2011
before the employment situation improves substantially. While Yakima County is currently
suffering from high unemployment, as is the nation, it's interesting to note that the usual
spread between Yakima's unemployment rate and the national rate is narrowing - from 3.5%
to about 1 %, which suggests that the local economy is not losing jobs at as fast a rate as the
national economy.
Interest rates, based on the amount of debt the Treasury is issuing to support its stimulus
programs, should be rising, but because of the Fed's program of quantitative easing (simply
put quantitative easing is the Fed buying some of the debt the Treasury is issuing so the
market won't be flooded with bonds), rates have remained low through the first quarter.
More recently however, the last month or so have seen some increase in interest rates all
across the curve. It is not yet apparent whether this trend will continue. Higher interest
rates would put the possibility of a sustainable recovery in jeopardy; exactly what the Fed
and Treasury will do to combat this remains to be seen.
•
In other national economic highlights:
• First -time claims for unemployment benefits have increased to over 600,000 per
week for all of 2009 thus far. This is the highest since 1982. This is a leading
indicator and points to still higher unemployment rates to come in 2009.
• Consumer confidence, while showing some signs of improvement in May and June
is still weak
• National retail sales numbers are still weak, being led mostly by autos and durable
goods
• Industrial production continues a downward trend that has been ongoing since the
first of 2008, indicating a slowing of production and smaller wholesale inventories
nationwide.
• Housing starts and permits continue to decline as the contraction in housing
continues, nationally and locally. Recent numbers in May and June, however show
small signs of improvement
• The Federal Reserve's "Beige Book ", which is a bi- monthly survey of economic
activity through the 12 Federal Reserve districts, indicates a pervasive recession of
economic activity, particularly manufacturing, in every district.
• Inflation, both on the producer and consumer levels, is at least positive, allaying
fears of deflation. This is due mostly to recovery in commodity prices most notably
oil, which is currently around $70 a barrel
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These conditions are anticipated to persist through much of 2009.
The City's Investment Portfolio:
Since all the Fed's actions at this time are committed to keeping a low interest rate
environment, it is likely that due to the conservative and short average maturity of the City's
portfolio, earnings will suffer in 2009. However, as the Treasury issues unprecedented
amounts of debt, the potential exists for interest rates to rise; we will be poised to take
advantage of this situation. Conversely, should rates remain low; short positions will allow
the City to move into longer maturities more quickly when the economic recovery finally
occurs.
Funds available for investment come from a variety of sources including operating and capital
reserves, mandatory debt service reserves, employee benefit and risk management reserves
and bond proceeds until fully expended. Maturities are structured to best meet the cash flow •
needs of the investing Fund. Current investment portfolio includes those investments
purchased in September and October in an effort to improve returns through the remainder of
2008 and through 2009.
The effective yield on the City's portfolio for the quarter ended 3/31/2009 was 2.0 %, with a
current yield to maturity of 1.89 %. Approximately 68% of the City's $57 million portfolio was
in overnight securities at March 31st, with more than half of that liquidity required to support
expenditures on current projects and meet near -term obligations. The average life of the total
portfolio on December 31st. was 288 days. It is a time for caution in the credit markets, and we
anticipate a low interest rate environment, as recessionary economic indicators persist. Due to
the uncertainty in the financial market, current investments are focused on short term (one to
two year) maturities with a 6 to 18 month call option.
Note: The City is not invested in any Structured Investment Vehicles (SIV's) or Collateralized
Debt Obligations (CDO's). These types of investments, along with certain asset - backed
Commercial Paper seem to be the epi- center of the major credit failures. The City has not
purchased these types of instruments. The City does hold bonds and notes drawn on such
entities as the Federal Home Loan Bank, Freddie Mac, Fannie Mae and other Government
Sponsored or controlled Enterprises. The stock of many of these entities' is currently suffering,
but they have unlimited lines of credit with the US Treasury, which makes their bonds credit
quality tantamount to Treasuries. The City's exposure to this general credit crisis is low.
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Description of Treasurer's Reports
• Portfolio Summary
This report shows investment position totals by category of investment, the
percentage'of the portfolio invested and market values. ,
• Schedule of Investment Inventory by Maturity and Call Date
This report lists all of the City's major investments, with the exception of funds in
- the State pool.
• Sales,/ Calls Report
This report shows sales of positions and callable, bonds called in the report
period. This includes State Pool trading activity.
• Maturities Report
This report shows scheduled maturities for the period covered by the report.
• Purchases Report
This report shows purchases of all securities during the report period, including
State Pool trading, activity.
{
• Schedules of General Obligation & Revenue Bonds Payable
This report indicates principal payments made during the reporting period, and
the current balances of the City's bonded debt.
• ' LID Cash Balances, & LID Bonds & Notes Payable
A Local Improvement District is an instrument utilized by citizens to fund -
specific local community improvements. This report identifies outstanding
obligations relative to Local Improvement Districts' bonds and notes payable.
• LID Warrants Payable -
Local Improvement District warrants are utilized until a project is complete, at
which time a bond or note is issued. This report identifies any outstanding
warrants.
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• LID Bonds/Notes Payable vs. LID Guaranty Fund
Once a Local Improvement District bond or note is issued, there is a required
minimum reserve which the City must maintain so long as the bond or note is
outstanding. This report compares the current Local Improvement Districts
outstanding debt to the required reserve balance.
• Warrant Activity for Claims (Accounts Payable) & Payroll Clearing Funds
The City uses warrants in lieu of checks. The warrants are non - negotiable
instruments which represent obligations of the City. Included in this report is a
statement of activity and outstanding balances in the payroll and claims warrant
funds for the reporting period.
• Report of Cash Balances
This report is a listing of the balances at the end of the reporting period in each of
the City's major bank accounts.
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i� +,r` 1 City of Yakima
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` � ti e j.i,a .a ,' Portfolio Summary
` .to r� *r. March 31, 2009
•
Par Market Book % of Days to YTM
Investments Value Value Value Portfolio Term Maturity
Local Government Investment Pool 39,489,264.51 39,489,264.51 39,489,264.51 68.99 1 1 1.030
Federal Agency Coupon Securities 4,000,000.00 4,013,130.00 4,000,034.95 t 6.99 363 32 3.523
Federal Agency Coupon - Callable 13,250,000.00 13,394,040.00 13,248,894.56 23.15 1,090 868 3.541
Municipal Bonds 500,000.00 502,470.00 498,981.96 0.87 1,057 244 5.032
57,239,264.51 57,398,904.51 57,237,175.98 100.00% 288 206 1.820
Investments -
Total Earnings March 31 Month Ending Fiscal Year To Date
Current Year 88,190.53 283,440.66
Average Daily Balance 56,434,540.14 57,476,462.04
Effective Rate of Return 1.84% 2.00%
•
Note: This worksheet identifies all city investments in the General Ledger except LID Notes of $334,600 , LID warrants of $397,532, a pass through note having an amortized cost of $14,400 and a
savings account of 000.
‘,/ 1 - '09 ry
Tim Jensen u Servicf�s Off cer
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Reporting period 03/01/2009- 03/31/2009 Portfolio BOND
AP
Run Date: 06/18/2009 - 14:55 PM (PRF_PM1) SymRept 6.42
Report Ver. 5.00
By CaII Date
/� rhi 'i+!�� City of Yakima
r41 .' ;• City of Yakima Portfolio 129 North Second Street
'° e,F u� Yakima, WA 98901
� Inventory by Maturity Report
(509)576-6639
' ; o`eb June 18, 2009
Sec. Purchase Book Current Maturity /Call Maturity Total Par YTM/YTC Days to
CUSIP Investment # Fund Type Issuer Date Value Rate Date Amount Days Value 360 365 Mat. /Call
3133XTH41 1344 515 MC1 Federal Home Loan Bank 04/17/2009 2,000,000.00 2.250 07/17/2009C 2,000,000.00 91 2,000,000.00 2.219 2.250 28
3128X8YT3 1348 896 MC1 Federal Home Loan 04/30/2009 1,000,000.00 3.000 07/30/2009C 1,000,000.00 91 1,000,000.00 2.959 3.000 41
3133XPW75 1319 896 MC1 Federal Home Loan Bank 02/25/2008 250,000.00 3.000 08/25/2009 250,000.00 547 250,000.00 2.959 3.000 67
31331GWS4 1350 896 MC1 Federal Farm Credit Bank 05/28/2009 2,000,000.00 1.590 08/28/2009C 2,000,000.00 92 2,000,000.00 1.568 1.590 70
3133XSC89 1335 896 MC1 Federal Home Loan Bank 10/06/2008 2,000,000.00 3.375 10/06/2009C 2,000,000.00 365 2,000,000.00 3.329 3.375 109
3133XSBV9 1334 896 MC1 Federal Home Loan Bank 10/07/2008 1,000,000.00 4.300 10/07/2009C 1,000,000.00 365 1,000,000.00 4.241 4.300 110
31331GDF3 1337 479 MC1 Federal Farm Credit Bank 10/15/2008 1,000,000.00 4.250 10/15/2009C 1,000,000.00 365 1,000,000.00 4.192 4.250 118
3128X8WY4 1346 896 MC1 Federal Home Loan 04/22/2009 1,000,000.00 3.050 10/22/2009C 1,000,000.00 183 1,000,000.00 3.008 3.050 125
3133XSGS1 1339 513 MC1 Federal Home Loan Bank 10/27/2008 1,000,000.00 3.750 10/27/2009C 1,000,000.00 365 1,000,000.00 3.699 3.750 130
3128X8XP2 1347 896 MC1 Federal Home Loan 04/27/2009 2,000,000.00 2.100 10/27/2009C 2,000,000.00 183 2,000,000.00 2.071 2.100 130
378892PY 1282 125 MUN UTGO's 01/09/2007 499,312.82 4.700 12/01/2009 500,000.00 1,057 500,000.00 4.963 5.032 165
3133XSN95 1342 896 MC1 Federal Home Loan Bank 11/24/2008 1,000,000.00 3.150 05/23/2010C 1,000,000.00 545 1,000,000.00 3.107 3.150 338
3133XPRE6 1318 896 MC1 Federal Home Loan Bank 02/25/2008 1,000,000.00 3.100 08/25/2010 1,000,000.00 912 1,000,000.00 3.058 3.100 432
31398ASQ6 1340 896 MC1 Federal Nat'l Mtg. Assoc. _ 10/30/2008 999,000.23 4.000 07/07/2011 1,000,000.00 980 1,000,000.00 3.995 4.050 748
3136FHQU2 1349 551 MC1 Federal Nat'l Mtg. Assoc. 05/18/2009 2,000,000.00 1.750 11/18/2011 2,000,000.00 914 2,000,000.00 1.726 1.750 882
Subtotal and Average 18,748,313.05 18,750,000.00 18,750,000.00 2.843 2.882 244
Net Maturities and Average 18,748,313.05 18,750,000.00 18,750,000.00 2.843 2.882 244
Portfolio BOND
, AP
Run Date: 06 /18/2009 - 14:58 1M (PRF_IM) SymRept 6.42
. Report Ver. 5 .00j
, �, .+r l City of Yakima
City of Yakima Portfolio 129 North Second Street
1,!. s i)!',� Yakima, WA 98901
c Inventory by Maturity Report
1`! ..,� ` (509)576-6639
o March 31, 2009
TY9 r
Sec. Purchase Book Current Maturity Maturity Total Par _ Days to
CUSIP Investment # Fund Type Issuer Date Value Rate Date Amount Days Value 360 365 Maturity
3133XSD70 1333 896 FAC Federal Home Loan Bank 10/02/2008 1,000,000.00 3.250 04/02/2009 1,016,430.56 182 1,000,000.00 3.250 3.295 1
3133XQVZ2 1322 551 FAC Federal Home Loan Bank 04/28/2008 1,000,000.00 2.520 04/28/2009 1,012,600.00 365 1,000,000.00 - 2.485 2.520 27
3133XSKC1 1341 896 FAC Federal Home Loan Bank 10/30/2008 1,000,000.00 3.090 04/30/2009 1,015,621.67 182 1,000,000.00 3.090 3.133 29
3133XFLG9 1292 896 FAC Federal Home Loan Bank 06/21/2007 . 1,000,034.95 5.250 06/12/2009 1,026,250.00 722 1,000,000.00 5.159 5.230 72
3133XPVV75 1319 896 MC1 Federal Home Loan Bank 02/25/2008 250,000.00 3.000 08/25/2009 250,000.00 547 250,000.00 2.959 3.000 146
378892PY 1282 125 MUN UTGO's 01/09/2007 498,981.96 4.700 12/01/2009 500,000.00 1,057 500,000.00 4.963 5.032 244
3128X7HZ0 1321 896 MC1 , Federal Home Loan 04/28/2008 1,000,000.00 3.050 04/28/2010 1,000,000.00 730 1,000,000.00 3.008 3.050 392
3133XR2K5 1323 896 MC1 Federal Home Loan Bank 05/05/2008 1,000,000.00 3.150 05/05/2010 1,000,000.00 730 1,000,000.00 3.107 3.150 399
3133XPRE6 1318 896 MC1 Federal Home Loan Bank 02/25/2008 1,000,000.00 3.100 08/25/2010 1,000,000.00 912 1,000,000.00 3.058 3.100 511
3133XSC89 1335 896 MC1 Federal Home Loan Bank 10/06/2008 2,000,000.00 3.375 10/06/2010 2,000,000.00 730 2,000,000.00 3.329 3.375 553
31398AQS4 1320 896 MC1 Federal Nat'l Mtg. Assoc. 04/28/2008 1,000,000.00 3.500 04/28/2011 1,000,000.00 1,095 1,000,000.00 3.452 3.500 757
31398ASQ6 1340 896 MC1 Federal Nat'l Mtg. Assoc. 10/30/2008 998,894.56 4.000 07/07/2011 1,000,000.00 980 1,000,000.00 3.995 4.050 827
3133XSGS1 1339 513 MC1 Federal Home Loan Bank 10/27/2008 1,000,000.00 3.750 10/27/2011 1,000,000.00 1,095 1,000,000.00 3.699 3.750 939
3133XSN95 1342 896 MC1 Federal Home Loan Bank 11/24/2008 1,000,000.00 3.150 11/23/2011 1,000,000.00 1,094 1,000,000.00 3.107 3.150 966
3133XSPAO 1343 896 MC1 Federal Home Loan Bank 12/09/2008 1,000,000.00 3.125 12/09/2011 1,000,000.00 1,095 1,000,000.00 3.082 3.125 982
3133XSAN8 1332 896 MC1 Federal Home Loan Bank 10/01/2008 1,000,000.00 4.000. 10/01/2012 1,000,000.00 1,461 1,000,000.00 3.945 4.000 1,279 .
3133XSBV9 1334 896 MC1 Federal Home Loan Bank 10/07/2008 1,000,000.00 4.300 10/07/2013 1,000,000.00 1,826 1,000,000.00 4.241 4.300 1,650
31331GDF3 1337 479 MC1 Federal Farm Credit Bank 10/15/2008 1,000,000.00 4.250 10/15/2013 1,000,000.00 1,826 1,000,000.00 4.192 4.250 1,658
Subtotal and Average , 17,747,911.47 17,820,902.23 17,750,000.00 3.535 3.584 662
Net Maturities and Average 17,747,911.47 17,820,902.23 17,750,000.00 3.535 3.584 662
•
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Portfolio BOND
AP
Run Date: 06/18/2009 - 14:57 IM (PRF_IM) SymRept 6.42
Report Ver. 5.00j
•
,, .,
(� ^, oar City of Yakima
City of Yakima Port 129 North Second Street
J�� Yakima, WA 98901
vl'A i. j Sales /Call Report
}., (509)576 -6639
.'A,'"�►o % +e$e Sorted by Maturity Date - Fund
January 1, 2009 - March 31, 2009
Issuer purchasitedem. Date Par Rate at Book Value Redemption Redemption Total
CUSIP Investment # Fund Sec. Type DateMatur. Date Value Redem. at Redem. Principal Interest Amount Net Income
07/23/2010
3133XRSP6 1326 515 FHLB 07/23/2008 01/23/2009. 1,000,000.00 3.700 1,000,000.00 1,000,000.00 18,500.00 1,018,500.00 18,500.00
MC1 07/23/2010 Call
3133XRSP6 1327 551 FHLB 07/23/2008 01/23/2009 1,000,000.00 3.700 1,000,000.00 1,000,000.00 18,500.00 1,018,500.00 18,500.00
MC1 07/23/2010 Call
3133XRSP6 1325 896 FHLB 07/23/2008 01/23/2009 1,000,000.00 3.700 1,000,000.00 1,000,000.00 18,500.00 1,018,500.00 18,500.00
MC1 07/23/2010 Call
Subtotal 3,000,000.00 3,000,000.00 3,000,000.00 55,500.00 3,055,500.00 55,500.00
08/20/2010
3133XS2V9 1329 896 FHLB 08/21/2008 02/20/2009 2,000,000.00 3.375 2,000,000.00 2,000,000.00 33,750.00 2,033,750.00 33,750.00
MC1 08/20/2010 Call
Subtotal 2,000,000.00 2,000,000.00 2,000,000.00 33,750.00 2,033,750.00 33,750.00
10/15/2010
3133XSDB1 1338 896 FHLB 10/15/2008 01/15/2009 1,000,000.00 4.000 1,000,000.00 1,000,000.00 10,000.00 1,010,000.00 10,000.00
MC1 10/15/2010 Call
Subtotal 1,000,000.00 1,000,000.00 1,000,000.00 10,000.00 1,010,000.00 10,000.00
02/18/2011
3136F9ZU0 1328 896 FNMA 08/18/2008 02/18/2009 1,000,000.00 4.000 1,000,000.00 1,000,000.00 20,000.00 1,020,000,00 20,000.00
MC1 02/18/2011 Call
Subtotal 1,000,000.00 1,000,000.00 1,000,000.00 20,000.00 1,020,000.00 20,000.00
09/04/2012
31331GAL3 1331 896 FFCB 09/04/2008 01/02/2009 1,000,000.00 4.500 1,000,000.00 1,000,000.00 14,750.00 1,014,750.00 14,750.00
MC1 09/04/2012 Call
Subtotal • 1,000,000.00 1,000,000.00 1,000,000.00 14,750.00 1,014,750.00 14,750.00
Managed Pool Withdrawals Withdrawal Withdrawal Current Withdrawal Withdrawal
Date Amount Rate Amount
•
Amount
SYS1050 1050 896 STOFWA 01/01/2009 01/06/2009 3,400,000.00 1.030 3,400,000.00 3,400,000.00
SYS1050 1050 896 STOFWA 01/01/2009 01/08/2009 900,000.00 1.030 900,000.00 900,000.00
SYS1050 1050 896. STOFWA 01/01/2009 01/09/2009 300,000.00 1.030 300,000.00 300,000.00
SYS1050 1050 896 STOFWA 01/01/2009 01/20/2009 1,400,000.00 1.030 1,400,000.00 1,400,000.00
Portfolio BOND
AP
Run Date: 06/18/2009 - 14:59 SA (PRF_SA) SymRept 6.42
Report Ver. 5.00
City of Yakima Portfolio
Sales /Call Report " Page 2
January 1, 2009 - March 31, 2009
Issuer PurchasBedem. Date Par Rate at Book Value Redemption Redemption Total
CUSIP Investment # Fund Sec. Type DateMatur. Date Value Redem. at Redem. Principal Interest Amount Net Income
Managed Pool Withdrawals . Withdrawal Withdrawal Current Withdrawal Withdrawal
Date - Amount Rate Amount Amount
SYS1050 1050 896 STOFWA 01/01/2009 01/22/2009 500,000.00 1.030 500,000.00 500,000.00
SYS1050 1050 896 STOFWA 01/01/2009 01/26/2009 200,000.00 1.030 200,000.00 200,000.00
SYS1050 1050 896 STOFWA 01/01/2009 01/28/2009 500,000.00 1.030 500,000.00 500,000.00
SYS1050 1050 896 STOFWA 01/01/2009 01/29/2009 100,000.00 1.030 100,000.00 100,000.00
SYS1050 1050 896 STOFWA 01/01/2009 02/06/2009 2,650,000.00 1.030 2,650,000.00 2,650,000.00
SYS1050 1050 896 STOFWA 01/01/2009 02/09/2009 400,000.00 1.030 400,000.00 400,000.00
SYS1050 1050 896 STOFWA 01/01/2009 02/10/2009 500,000.00 t030 .500,000.00 500,000.00
SYS1050 1050 896 STOFWA 01/01/2009 02/11/2009 250,000.00 1.030 250,000.00 250,000.00
SYS1050 1050 896 STOFWA 01/01/2009 02/17/2009 350,000.00 1.030 350,000.00 350,000.00
SYS1050 1050. 896 STOFWA 01/01/2009 02/19/2009 100,000.00 1.030 100,000.00 100,000.00
• SYS1050 1050 896 STOFWA 01/01/2009 03/02/2009 • 100,000.00 1.030 100,000.00 100,000.00
SYS1050 • 1050 896 STOFWA 01/01/2009 03/06/2009 1,200,000.00 1.030 1,200,000.00 1,200,000.00
SYS1050 1050 • 896 STOFWA 01/01/2009 03/09/2009 2,100,000.00 1.030 2,100,000.00 2,100,000.00
•
SYS1050 1050 896 STOFWA 01/01/2009 03/11/2009 500,000.00 1.030 • • 500,000.00 500,000.00
SYS1050 1050 896 STOFWA 01/01/2009 03/13/2009 250,000.00 1.030 250,000.00 250,000.00
SYS1050 1050 896 STOFWA 01/01/2009 03/16/2009 100,000.00 1.030 100,000.00 100,000.00
SYS1050 1050 896 STOFWA 01/01/2009 03/25/2009 200,000.00 1.030 200;000.00 200,000.00
SYS1050 1050 896 STOFWA 01/01/2009 03/27/2009 500,000.00 1.030 500,000.00 500,000.00 .
Subtotal 16,500,000.00 16,500,000.00 16,500,000.00 .
Total Sales and Withdrawals 24,500,000.00 8,000,000.00 24,500,000.00 134,000.00 ' 24,634,000.00 134,000.00
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Portfolio BOND
AP
Run Date: 06/18/2009 - 14:59 SA (PRF_SA) SymRept 6.42
Report Ver. 5.00
•
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O* o:ur,,o ,,, -- Received or due during January -1, 2009 - March 31, 2009
Sec. Maturity Purchase Rate Book Value Maturity Net
CUSIP Investment # Fund Type Issuer Par Value Date Date at Maturity at Maturity Interest Proceeds Income
31359ME7 1265 896 MC1 FNMA 500,000.00 01/23/2009 01/23/2006 5.000 500,000.00 12,500.00 512,500.00 12,500.00
Total Maturities 500,000.00 500,000.00 12,500.00 512,500.00 12,500.00
•
Portfolio BOND
AP
Run Date: 06/18/2009 - 14:59 MA (PRF_MA) SymRept 6.42
. Report Ver. 5.00
1 � �� yoxz� i � r �
/� '�► t'� 1� City of Yakima
! .' �'„^ ' ° �t Cet y of Yakima Portfolio 129 North Second Street ft 1 �� a Pur chases Report
Yakima, WA 98901
'. , 7 0 p� 3 : "; (509)576 -6639
,�i ► ± �ax � '' w ` d .; S orted`by "Fund Fund .
° " --- January 1, 2009 - March 31, 2009
Sec. Original Purchase Principal Accrued Interest Rate at Maturity YTM Ending
CUSIP Investment # Fund Type Issuer Par Value Date Payment Periods Purchased at Purchase Purchase Date 365 Book Value
Managed Pool Deposits Deposit Deposit Deposit
Amount Date Amount Rate -
SYS1050 1050 896 LA1 STOFWA 1,050,000.00 01/02/2009 1,050,000.00 1.182
SYS1050 1050 896 LA1 STOFWA 300,000.00 01/07/2009 300,000.00 1.182
SYS1050 1050 896 LA1 STOFWA 1,600,000.00 01/15/2009 1,600,000.00 1.182
SYS1050 1050 896 LA1 STOFWA 600,000.00 01/21/2009 600,000.00 1.182
SYS1050 1050 896 LA1 STOFWA 3,400,000.00 01/23/2009 3,400,000.00 1.182 .
SYS1050 1050 896 LA1 STOFWA 1,800,000.00 01/30/2009 1,800,000.00 1.182
SYS1050 1050 896 LA1 STOFWA 400,000.00 02/03/2009 400,000.00 1.182
SYS1050 1050 896 LA1 STOFWA 500,000.00 02/05/2009 500,000.00 1.182
SYS1050 1050 896 LA1 STOFWA 100,000.00 02/12/2009 100,000.00 1.182
SYS1050 1050 896 LA1 STOFWA 1,100,000.00 02/18/2009 1,100,000.00 1.182 •
SYS1050 1050 896 LA1 STOFWA 1,700,000.00 02/20/2009 1,700,000.00 1.182
SYS1050 1050 896 LA1 STOFWA 850,000.00 02/23/2009 ' 850,000.00 1.182
•
SYS1050 1050 896 LA1 STOFWA 200,000.00 02/24/2009 . 200,000.00 1.182
SYS1050 1050 896 LA1 STOFWA 200,000.00 02/25/2009 200,000.00 1.182 •
SYS1050 1050 896 LA1 STOFWA 1,950,000.00 02/27/2009 - 1,950,000.00 1.182
SYS1050 1050 896 LA1 STOFWA 500,000.00 03/03/2009 500,000.00 1.182
SYS1050 1050 896 LA1 STOFWA 250,000.00 03/04/2009 250,000.00 1.182
SYS1050 1050 896 LA1 STOFWA 450,000.00 03/10/2009 450,000.00 1.182
•
SYS1050 1050 896 LA1 STOFWA 100,000.00 03/19/2009 100,000.00 . 1.182
SYS1050 1050 896 LA1 STOFWA 100,000.00 03/23/2009 100,000.00 1.182
SYS1050 1050 896 LA1 STOFWA 250,000.00 03/24/2009 250,000.00 1.182
SYS1050 1050 896 LA1 STOFWA 1,950,000.00 03/31/2009 1,950,000.00 1.182
Subtotal 19,350,000.00 19,350,000.00
Total Purchases and Deposits 19,350,000.00 19,350,000.00 0.00 0.00
•
•
Portfolio BOND
AP
Run Date: 06/18/2009 - 15:00 PU (PRF_PU) SymRept 6.42
• Report Ver. 5.00
•
CITY OF YAKIMA
SCHEDULE OF GENERAL OBLIGATION
AND REVENUE BOND ACTIVITY
For the Period 1/1/2009 through 3/31/2009
PREVIOUS AMOUNT AMOUNT ENDING '
FUND DESCRIPTION BALANCE REDEEMED ISSUED BALANCE
•
GENERAL OBLIGATION BONDS
272 PFD CONVENTION CENTER - unrefunded $885,000 $0 $0 $885,000
272 PFD CONVENTION CENTER - refunded 4,900,000 0 0 4,900,000
281 PARKS AND RECREATION - 560,000 0 0 560,000
281 FIRE/DOWNTOWN/RIVER ROAD 3,810,000 0 0 3,810;000
283 LAW & JUSTICE/I -82 Refunded 2,360,000 0 0 2,360,000
284 FIRE Refunded 1,545,000 0 0 1,545,000
285 G. 0. LINE OF CREDIT 0 0 0 0
287 CONVENTION CENTER Refunded 3,720,000 0 0 3,720,000
000 SUNDOME EXPANSION 1,298,052 0 0 1,298,052
281 2008 LTGO Infrastructure and Fire truck 2,895,000 0 0 2,895,000
SUB- TOTAL. 21,973,052 0 0 21,973,052
REVENUE BONDS
488 WATER/WASTEWATER Refunded . 3,385,000 0 - 3,385,000
488 SEWER Refunded 0 0 0
491 IRRIGATION 4,805,000 0 4,805,000
493 SEWER 14,170,000 0 14,170,000
488 WASTEWATER IMPROVEMENTS 5,365,000 0 5,365,000
SUB -TOTAL 27,725,000 0 0 . 27,725,000
GRAND TOTAL $49,698,052 $0 $0 $49,698,052
•
LID CASH BALANCES LID BONDS AND NOTES PAYABLE
As Of Quarter Ending March 31st.,2009 As Of Quarter Ending March 31st.,2009
LID Current LID Original New LID Invested By
District District Bond Beginning Quarter Amount Districts Ending Quarter
No. Cash Balance Assessment Balance Paid Added Balance
1055 - 4,729.17 182,759.24 9,000.00 4,500.00 0.00 4,500.00 Equipment Rental
1056 4,010.67 218,481.02 140,900.00 15,500.00 0.00 125,400.00 Equipment Rental
1057 - 3,825.68 179,550.01 105,600.00 5,600.00 0.00 100,000.00 Equipment Rental
1058 4,647.69 160,868.69 115,200.00 10;500.00 0.00 104,700.00 Equipment Rental
Totals $103.51 $784,410.91 $370,700.00 $36,100.00 $0.00 $334,600.00
Payments are typically made at the end of the year
City of Yakima
LID WARRANTS PAYABLE“
AS OF QUARTER ENDING MARCH 31st, 2009
Balance Amount Amount
Account Number Previous Quarter Issued Redeemed Balance
21101.059 $5,408.56 $0.00 $0.00 $5,408.56
Englewood Terrace
21101.060 32,767.77 167,318.89 0.00 200,086.66
85th and Kale
21101.061 24,524.80 167,532.33 0.00 192,057.13
Simpson Lane
Total Warrants Payable $62,701.13 $334,851.22 $0.00 $397,552.35
(1) Costs to LID in progress for which final assessment has not been confirmed.
City of Yakima
LID BONDS / NOTES PAYABLE
vs.
LID GUARANTY FUND
AS OF QUARTER ENDING MARCH 31st, 2009
Outstanding Bonds and Notes Payable $334,600.00
10% of Outstanding Balance $33,460.00
Guaranty Fund -221 $79,751.42
10% of Outstanding LID's Bonds and Notes Payable ($33,460.00)
Amount above (below) statutory $46,291.42
CITY OF YAKIMA
WARRANT ACTIVITY
CLAIMS ACCOUNTS PAYABLE FUND
(For the Period January 1, 2009 to March 31, 2009)
Outstanding Warrants 12/31/08 1 $947,069.12
January Warrants:
Issued $6,537,269.93
Canceled (827.99)
Redeemed (6,504,214.28)
Net Activity 32,227.66
Outstanding Warrants 01/31/09 1 $979,296.78
February Warrants:
Issued : $2,935,191.39
Canceled (1,917.93)
Redeemed (3,241,597.50)
Net Activity (308,324.04)
Outstanding Warrants 02/28/09 I $670,972.74
March Warrants:
Issued $4,244,953.18
Canceled (35,201.11)
Redeemed (4,463,517.95)
Net Activity (253,765.88)
Outstanding Warrants 03/31/09 1 $417,206.86
claims warrants /tab
CITY OF YAKIMA
WARRANT ACTIVITY
PAYROLL FUND
(For the Period January 1, 2009 to March 31, 2009)
Outstanding Warrants 12/31/08 1 $6,414.64
January Warrants:
Issued $3,455,675.32
Canceled 0.00
Redeemed (3,453,040.16)
Net Activity 2,635.16
Outstanding Warrants 01/31/09 1 $9,049.80 I
February Warrants:
Issued $2,871,572.07
Canceled 0.00
Redeemed (2,875,583.38)
Net Activity (4,011.31)
Outstanding Warrants 2/29/2009 1 $5,038.49
March Warrants:
Issued $2,836,810.73
Canceled 0.00
Redeemed (2,840,728.71)
Net Activity (3,917.98)
Outstanding Warrants 03/31/09 1 - $1,120.51 I
payroll warrants /tab
CITY OF YAKIMA
REPORT OF CASH BALANCES
March 31, 2009
Key Bank 667,360.66
Bank of New York (Fiscal Agent)(1) 0.00
U.S. Bank (Housing loan repayments) 512,339.37
Bank of America (Housing Rehab) 63,630.14
Yakima Federal Savings and Loan Association (Housing) 162,786.50
Bank of America (Claims Control) 187,026.33
U. S. Bank (Payroll Control) 4,302.19
Inmate Trust- Key Bank 14,386.69
Inmate Welfare - Key Bank 7;147.18
Municipal Court - Key Bank 176,633.28
Petty Cash (2) 3,475.00
Police - Special Investigations(2) 7,500.00
Change Funds (3) 3,780.00
Travel Advance 3,717.47
Total Cash On Hand and
In Bank Accounts 3/31/09 $1,814,084.81
1 Balance is zero as all coupons and principal has been paid to bond holders.
2 Represents impressed amounts. Cash on hand plus receipts for paid items equals this amount
per Resolution R2008 -32
3 Change for customers established by Resolution R2008 -32
qtr cash bal /tab