Loading...
HomeMy Public PortalAboutA 2018-08-21 LSAvchlist 08/14/2018 10:27:57AM Bank code: sa_usb Voucher Date Vendor FY-2017-2018 Check List Successor Agency of the Lynwood Redevelopment Agency Invoice PO# ------- 5439 8/21/2018 007223 COX, CASTLE & NICHOLSON LLP 470675 11-001116 1 Vouchers for bank code : sa_usb 1 Vouchers in this report Page: Description/Account ENVIRONMENTAL LEGAL SERVICES-6/2018 1021.76.211.62001 Total: Bank total: Total vouchers: Page: 1 Amount "600.00 600.00 ·6oo.oo 600.00 vchlist 08/14/2018 12:02:39PM Bank code: sa_usb Voucher Date Vendor 5440 8/21/2018 000173 U.S. BANK TRUST 5441 8/21/2018 000173 U.S. BANK TRUST 2 Vouchers for bank code : sa_usb 2 Vouchers in this report FY-2018-2019 Check List Successor Agency of the Lynwood Redevelopment Agency Invoice 000173090118 000173082518 PO# 02-002174 02-002174 02-002177 02-002177 Page: 2 ALLOCATION BOND SERIES 2013A-9/2018 1021 .76.211.67601 1021.76.211.67605 Total: Amount 540,000.00 183,8f 1.88 723,871.88 LRA-HOUSING PROJ 2011 SERIES B-9/2018 1021.76.211.67601 1021.76.211.67605 Total: Bank total: Total vouchers : 165,000.00 204,655.99 369,655.99 1,093,527.87 1,093527.87 Page: 2 City of Lynwood Investment Report Summary Notes For the Month of July 2018 The Investment activity for July 2018 – 1 Purchase(s); 1 Maturity(ies). Purchaser/Issuer Rating Par Value Term Stated Rate Structure Goldman Sachs Bank N/A 248,000 5 yrs. 3.300 CD-FDIC Redemption/Issuer Maturity Rating Par Value Interest Earned Stated Rate Days/ Maturity Structure AXP N/A 245,000 2,040 1.650 1,097 CD-FDIC The City’s Local Agency Investment Fund (LAIF) account was credited $42,327.94 for the quarterly interest earned on deposits for June 31, 2018. The quarter ending performance for June 30, 2018 reflects a daily rate of 1.92%. The quarter end principal balance as of July 31, 2018 was $12,209,194.98. The City is within the desired average range of $9-$15 million in liquid assets. Liquidity of the Portfolio • The current goal is to keep the investment portfolio at an average maturity of 2 years based on current economic conditions. The portfolio’s current average maturity is 231 days. • The goal is to keep an average of $9 - $15 million in liquid assets in order to meet operational needs and for unexpected expenditures that may arise. The City complies with California Government Code Section 53646, which requires local agency to report its ability to meet pooled expenditure requirements for the next six (6) months. • The City’s portfolio will stay the course based on the current economic trends. Covering cash flow needs ranked as the top priority. Portfolio Performance: Portfolio Interest Earning Summary July, 2018 Fiscal YTD CD/Coupon/Discount Investments: Interest Collected 9,800.37 9,800.37 Plus Accrued Interest @ End of Period 49,547.00 49,547.00 Less Accrued Interest @ Beginning of Period ( 43,191.48) ( 43,191.48) Less Accrued Interest @ Purchase During Period 0.00 0.00 Interest Earned during this Period 16,155.89 16,155.89 Adjusted by Premiums and Discounts 1,875.11 1,875.11 Adjusted by Capital Gains or Losses 0.00 0.00 18,031.00 18,031.00 Pass Through Securities Interest Collected 0.00 0.00 Plus Accrued Interest @ End of Period 0.00 0.00 Less Accrued Interest @ Beginning of Period (0.00) (0.00) Less Accrued Interest at Purchase During Period (0.00) (0.00) Interest Earned during this Period 0.00 0.00 Investment Report July 2018 Page Two Adjusted by Premiums and Discounts 0.00 0.00 Adjusted by Capital Gains or Losses 0.00 0.00 Earnings during Periods 0.00 0.00 Cash/Checking Accounts: Interest Collected 54,156.37 54,156.37 Plus Accrued Interest at End of Period 48,213.92 48,213.92 Less Interest at Beginning of Period ( 79,855.38) ( 79,855.38) Interest Earned this Period 22,514.91 22,514.91 Total Interest Earned 38,670.80 38,670.80 Total Adjustments from Premium and Discounts 1,875.11 1,875.11 Total Capital Gains or Loss 0.00 0.00 Total Earnings this Period 40,545.91 40,545.91 Notes: Adjusted by Premium/Discounts represents the premium or discount cost involved to secure higher or lower yield securities. The cost of the premium or discount is amortized down or up respectively to par over the life of the bond until reaching maturity. By amortizing, the amount of taxable interest is reduced for each year the city owns the bond. This is because the amortized premiums or discounts offset the ordinary income of the coupon payment. As long as a bond is held to maturity, there will be no capital loss or gain to report. Month End & Year # of Securities Interest Average Balance YTM 360% YTM 365 Effective Rate of Return Days to Maturity Jul-18 39 40,545.91 22,950,574.99 1.962 1.989 2.08% 348 Investment Activity Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 38 39 39 40 38 39 39 39 39 39 40 39 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 4 1 1 2 0 1 1 1 1 1 2 1 3 1 1 2 0 1 1 1 1 1 2 1 3 7 2 2 4 0 2 2 2 2 2 4 City of Lynwood7/31/2018 Purchases Total Transactions Positions Redemptions 32 34 36 38 40 42 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18PositionsNumber of Positions at Month End 0 1 2 3 4 5 6 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18Number of TransactionsPurchases and Redemptions* (Excluding LAIF & MMF)Purchases Redemptions *Redemptions include maturities, calls, and sells (excluding paydowns) 15 8-7-18 16 Page 1 July 31, 2018 Interest Earnings Summary Month EndingJuly 31 Fiscal Year To Date Portfolio Management Lynwood - Portfolio Management CD/Coupon/Discount Investments: 9,800.37Interest Collected Plus Accrued Interest at End of Period Less Accrued Interest at Beginning of Period 49,547.00 ( 43,191.48) 9,800.37 49,547.00 ( 43,191.48) Less Accrued Interest at Purchase During Period ( 0.00)( 0.00) Interest Earned during Period Adjusted by Premiums and Discounts Adjusted by Capital Gains or Losses Earnings during Periods 16,155.89 1,875.11 0.00 16,155.89 1,875.11 0.00 18,031.00 18,031.00 Pass Through Securities: 0.00Interest Collected Plus Accrued Interest at End of Period Less Accrued Interest at Beginning of Period 0.00 ( 0.00) 0.00 0.00 ( 0.00) Less Accrued Interest at Purchase During Period ( 0.00)( 0.00) Interest Earned during Period Adjusted by Premiums and Discounts Adjusted by Capital Gains or Losses Earnings during Periods 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash/Checking Accounts: 54,156.37Interest Collected Plus Accrued Interest at End of Period Less Accrued Interest at Beginning of Period 48,213.92 ( 79,855.38) 54,156.37 48,213.92 ( 79,855.38) Interest Earned during Period 22,514.91 22,514.91 Total Interest Earned during Period Total Adjustments from Premiums and Discounts Total Capital Gains or Losses Total Earnings during Period 38,670.80 1,875.11 0.00 38,670.80 1,875.11 0.00 40,545.91 40,545.91 Portfolio LYNW APData Updated: SET_PMM: 08/06/2018 14:39 Run Date: 08/06/2018 - 14:40 PM (PRF_PM6) 7.3.0 Report Ver. 7.3.6.1 26 City of Lynwood Cash Reconciliation Report For the Period July 1, 2018 - July 31, 2018 Par Value Cash Trans.TypeInvestment # Fund Security ID Trans.Date Security Description MaturityDate Interest RedemptionsPurchases 07/02/20181009007/02/2018 InterestLYN 02587DZM3 248,000.00 AXP 0.2M 1.65% Mat. 07/02/2018 0.00 11.12 0.00 11.12 07/02/20181009007/02/2018 InterestLYN 02587DZM3 248,000.00 AXP 0.2M 1.65% Mat. 07/02/2018 0.00 2,028.88 0.00 2,028.88 07/02/20181009007/02/2018 MaturityLYN 02587DZM3 248,000.00 AXP 0.2M 1.65% Mat. 07/02/2018 0.00 0.00 248,000.00 248,000.00 1001107/02/2018 DepositLYN 9000 38,355.32 GSGF 0.0M 1.81%-250,040.40 0.00 0.00 -250,040.40 1001107/03/2018 InterestLYN 9000 38,355.32 GSGF 0.0M 0.01%0.00 230.93 0.00 230.93 1001107/03/2018 InterestLYN 9000 38,355.32 GSGF 0.0M 0.01%-230.93 0.00 0.00 -230.93 07/08/20201011607/09/2018 InterestLYN 40434AZ44 248,000.00 HSBC 0.2M 1.40% Mat. 07/08/2020 0.00 1,721.73 0.00 1,721.73 07/06/20231014407/09/2018 PurchaseLYN 38148PR33 248,000.00 GOLD 0.2M 3.30% Mat. 07/06/2023 -247,432.08 -67.27 0.00 -247,499.35 1001107/09/2018 WithdrawalLYN 9000 38,355.32 GSGF 0.0M 1.81%0.00 0.00 245,777.62 245,777.62 01/11/20231013707/11/2018 InterestLYN 61747MF63 248,000.00 MSB 0.2M 2.65% Mat. 01/11/2023 0.00 3,258.99 0.00 3,258.99 1001107/11/2018 DepositLYN 9000 38,355.32 GSGF 0.0M 1.81%-3,258.99 0.00 0.00 -3,258.99 1000007/13/2018 InterestLYNL 9001 12,155,269.54 LAIF 12.2M 0.57%0.00 53,925.44 0.00 53,925.44 1000007/13/2018 InterestLYNL 9001 12,155,269.54 LAIF 12.2M 0.57%-53,925.44 0.00 0.00 -53,925.44 01/15/20201012507/16/2018 InterestLYN 24422ERY7 250,000.00 DE 0.3M 1.70% Mat. 01/15/2020 0.00 2,125.00 0.00 2,125.00 1001107/16/2018 DepositLYN 9000 38,355.32 GSGF 0.0M 1.81%-2,125.00 0.00 0.00 -2,125.00 06/29/20231014307/30/2018 InterestLYN 20033AZK5 248,000.00 ADS 0.2M 3.30% Mat. 06/29/2023 0.00 672.66 0.00 672.66 1001107/30/2018 DepositLYN 9000 38,355.32 GSGF 0.0M 1.81%-672.66 0.00 0.00 -672.66 Subtotal -557,685.50 63,907.48 493,777.62 -0.40 Total -557,685.50 63,907.48 493,777.62 -0.40 Portfolio LYNW AP Run Date: 08/06/2018 - 14:56 AC (PRF_AC) 7.2.0 Report Ver. 7.3.6.1 32