HomeMy WebLinkAbout12/13/2022 06.C. November 2022 Investment Transaction Report Y�'1114'+
BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 6.C.
For Meeting of: December 13, 2022
ITEM TITLE: November 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
12/8/2022 Corer Memo
2
!44£
FINANCE
DATE: December 1 , 2022
TO: Mayor and City Council
FROM: Jennifer Ferrer-Santa Ines, Director of Finance and Budget
Kimberly Domine Financial Services Manager
RE: November 2022 Investment Transactions
The investment transactions for November 2022 were:
Matured:
• $1 ,000,000 FFCB matured November 7, 2022
Called:
• none
Purchased:
• $2,000,000 US Treasury maturing on January 31 , 2026
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
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FINANCE
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City of Yakima
Investment Portfolio Maturity Distribution-Novemeber 30,2022
$2,500,000
$2,000,000
$1,500,000
$1,000,000 mil 1 II ' Hill iiiini 11 1 ii will 1
$0
N m m m m m m m m m m m v v v v ' v v a a a a A A u+ An Al ' m in u+ m m m An {{pp
N N N N N 9 N N M N N N N N N N N A N N N N N N N N N N N N N N N N N N N N
6 e 1 q Q g a - 4. 6. .6 a y. e J1 g a i e - 4 6. .6 o b e .6 q a g e 4 6. .6 o L e
8 ,' 1 ¢ ¢ ,% o = 13 4 .2 1 a o ¢ ,X o 2 8 " & g ¢ ¢ i4 o a 8 ti
•
City ooYakima
Diversification by Issuer-November 30, 2022
Treas
$34,000,000
26.5% F FC B
$10,000,000
1141111111,
7.8% FHLB
$4,000,000
3.1% FAMCA
_ $4,000,000
3.1%
FNMA
$6,000,000
3.9%
Apple
$1,000,000
0.8%
Walmart
$1,000,000
0.8%
W