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07 - Investment Report of May` DepositsOutstanding Bank Balance In Transits Checks Book Balance Active Accounts: Bank of America 229,491.21$ - 253,591.61 (24,100.40)$ Total Active Accounts229,491.21 - 253,591.61 (24,100.40) Market Value Increase Decrease Cost Investments: Local Agency Investment Fund9,092,569.31$ - - 9,092,569.31$ Money Market/Sweep Account307,778.44 - - 307,778.44 Federal Agency Securities11,926,620.00 - (73,380.00) 12,000,000.00 Total Investments21,326,967.75 - (73,380.00) 21,400,347.75 Total Pooled Cash & Investments21,556,458.96$ -$ 180,211.61$ 21,376,247.35$ Market Adjustment C O S T A M E S A S A N I T A R Y D I S T R I C T Treasurer's Report of Pooled Cash and Investments May 31, 2014 Costa Mesa Sanitary District Pooled Cash and Investments by Fund May 31, 2014 Solid Waste Fund: Operating Reserve 803,000.00$ Unreserved: Designated for working capital 1,494,000.00 Undesignated 4,079,550.15 Liquid Waste Fund: Operating Reserve 358,000.00 Reserved for Earthquakes/Emergencies 1,000,000.00 Reserved for Capital Outlay 3,442,476.62 Unreserved: Designated for working capital 2,467,300.00 Undesignated (107,298.19) Sewer Construction Fund 100,000.00 Facilities Revolving Fund 317,113.66 Asset Replacement Fund 508,362.16 Asset Management Fund 6,913,742.95 Total Pooled Cash & Investments 21,376,247.35$ Treasurer DateMarcus D. Davis 6/20/14 1 Total investments outstanding as of April 30, 2014 18,591,832.67$ Additions: Gain on sale of investment - Investment purchases 1,000,000.00 Deductions: Investments called - Net increase (decrease) in Sweep Account (991,484.92) Net increase (decrease) in LAIF 2,800,000.00 Total investments outstanding as of May 31, 2014 21,400,347.75$ C O S T A M E S A S A N I T A R Y D I S T R I C T Investment Activity Summary May 31, 2014 2 In t e r e s t CU S I P Pu r c h a s e M a t u r i t y C o u p o n I n v e s t m e n t E a r n e d a t Nu m b e r In v e s t m e n t Da t e Da t e Ra t e Co s t 05 / 3 1 / 1 4 n/ a L o c a l A g e n c y I n v e s t m e n t F u n d n / a n / a 0 . 2 2 8 % 9 , 0 9 2 , 5 6 9. 3 1 $ n / a * * n/ a B a n k o f N e w Y o r k - S w e e p A c c t n / a n / a 0 . 0 1 0 % 3 0 7 , 7 7 8 . 4 4 n / a 31 3 4 G 3 Z R 4 F e d e r a l H o m e L o a n M o r t g a g e 0 8 / 0 7 / 1 2 0 8 / 0 7 / 1 7 1. 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 3 , 1 6 6 . 6 7 31 3 6 G 0 L 5 8 F e d e r a l N a t i o n a l M o r t g a g e A s s n 1 0 / 1 8 / 1 2 1 0 / 1 8/ 1 7 1 . 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 1 9 4 . 4 4 31 3 5 G 0 R Q 8 F e d e r a l N a t i o n a l M o r t g a g e A s s n 1 1 / 1 5 / 1 2 1 1 / 1 5/ 1 7 1 . 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 4 4 4 . 4 4 31 3 3 8 1 L C 7 F e d e r a l H o m e L o a n M o r t g a g e 1 2 / 2 8 / 1 2 1 2 / 2 8 / 1 7 0. 9 5 0 % 1 , 0 0 0 , 0 0 0 . 0 0 4 , 0 3 7 . 5 0 31 3 3 8 2 3 B 7 F e d e r a l H o m e L o a n M o r t g a g e 0 2 / 2 2 / 1 3 0 2 / 2 2 / 1 8 1. 1 5 0 % 1 , 0 0 0 , 0 0 0 . 0 0 3 , 1 6 2 . 5 0 31 3 3 8 2 6 D 0 F e d e r a l H o m e L o a n M o r t g a g e 0 2 / 2 8 / 1 3 0 2 / 2 8 / 1 8 1. 1 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 2 , 8 4 1 . 6 7 31 3 3 8 2 H R 7 F e d e r a l H o m e L o a n M o r t g a g e 0 3 / 2 7 / 1 3 0 3 / 2 7 / 1 8 1. 1 3 0 % 1 , 0 0 0 , 0 0 0 . 0 0 2 , 0 0 8 . 8 9 31 3 6 G 1 L 3 1 F e d e r a l N a t i o n a l M o r t g a g e A s s n 0 5 / 1 5 / 1 3 0 5 / 1 5/ 1 7 0 . 7 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 3 1 1 . 1 1 31 3 3 E C Q W 7 F e d e r a l F a r m C r e d i t B a n k 0 6 / 0 4 / 1 3 0 6 / 0 4 / 1 8 1 . 25 0 % 1 , 0 0 0 , 0 0 0 . 0 0 6 , 1 4 5 . 8 3 31 3 4 G 4 7 G 7 F e d e r a l H o m e L o a n M o r t g a g e 0 6 / 2 6 / 1 3 0 6 / 2 6 / 1 8 1. 4 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 6 , 0 2 7 . 7 8 31 3 0 A 1 F S 2 F e d e r a l H o m e L o a n M o r t g a g e 0 4 / 1 7 / 1 4 0 4 / 1 7 / 1 9 2. 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 2 , 4 4 4 . 4 4 31 3 4 G 5 4 H 5 F e d e r a l H o m e L o a n M o r t g a g e 0 5 / 2 8 / 1 4 1 1 / 2 8 / 1 7 1. 3 5 0 % 1, 0 0 0 , 0 0 0 . 0 0 1 1 2 . 5 0 To t a l s 21 , 4 0 0 , 3 4 7 . 7 5 $ 3 1 , 8 9 7 . 7 7 $ ** R e p r e s e n t s t h e L A I F d a i l y r a t e a t 5 / 3 1 / 1 4 Comments CO S T A M E S A S A N I T A R Y D I S T R I C T In v e s t m e n t a n d I n v e s t m e n t E a r n i n g s Ma y 3 1 , 2 0 1 4 3 Current % of Market Value 05/31/14 Maximum % U.S. Treasury Bills0.00%Unlimited U.S. Treasury Notes0.00%Unlimited Federal Agency Issues: FICB 0.00%Unlimited FLB 0.00%Unlimited FHLB 0.00%Unlimited FHLMC 37.32%Unlimited FNMA 13.96%Unlimited FFCB 4.64%Unlimited Other *0.00%Unlimited Banker's Acceptances0.00%25% (1) Certificates of Deposit0.00%25% Negotiable Certificates of Deposits0.00%25% (1) Commercial Paper0.00%25% (1) Medium Term Corporate Notes0.00%20% (1) LAIF (Local Agency Investment Fund)42.63%40,000,000 Shares of Benefical Interest0.00%20% Money Market/Mutual Funds (Sweep Acct)1.44%10% per fund (2) Total 100.00% % of portfolio maturing under one year 43.93%no less than 20% % of portfolio maturing over one year56.07% 100.00% (1) Further limited to 10% in any single issuer (2) Also limited to 20% in total. *These securities are not considered for purchases: SBA, GNMA, TVA and SALLIEMAE COSTA MESA SANITARY DISTRICT Summary of Policy Limitations May 31, 2014 Description 4 Pu r c h a s e M a t u r i t y C o u p o n I n v e s t m e n t % o f M a r k e t % o f De s c r i p t i o n Br o k e r / D e a l e r Da t e Da t e Ra t e Co s t Po r t f o l i o ValuePortfolioComments St a t e T r e a s u r e r ' s P o o l L A I F n / a C o n t i n u o u s 0 . 2 2 8 % * * 9 , 0 9 2, 5 6 9 . 3 1 $ 9 , 0 9 2 , 5 6 9 . 3 1 $ P O O L T o t a l S t a t e T r e a s u r e r ' s P o o l 9, 0 9 2 , 5 6 9 . 3 1 4 2 . 4 9 % 9 , 0 9 2 , 5 6 9 . 3 1 4 2 . 6 3 % Mo n e y M a r k e t M u t u a l F u n d B a n k o f N e w Y o r k n / a C o n t i n u o us 0 . 0 1 0 % 3 0 7 , 7 7 8 . 4 4 3 0 7 , 7 7 8 . 4 4 S W E E P T o t a l M o n e y M a r k e t M u t u a l F u n d 30 7 , 7 7 8 . 4 4 1 . 4 4 % 3 0 7 , 7 7 8 . 4 4 1 . 4 4 % Fe d e r a l H o m e L o a n M o r t g a g e E . J . D e L a R o s a 0 8 / 0 7 / 1 2 0 8 /0 7 / 1 7 1 . 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 2 , 9 2 0 . 0 0 F H L M C Fe d e r a l H o m e L o a n M o r t g a g e E . J . D e L a R o s a 1 2 / 2 8 / 1 2 1 2 /2 8 / 1 7 0 . 9 5 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 0 , 9 7 0 . 0 0 F H L M C Fe d e r a l H o m e L o a n M o r t g a g e E . J . D e L a R o s a 0 2 / 2 2 / 1 3 0 2 /2 2 / 1 8 1 . 1 5 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 6 , 6 7 0 . 0 0 F H L M C Fe d e r a l H o m e L o a n M o r t g a g e E . J . D e L a R o s a 0 2 / 2 8 / 1 3 0 2 /2 8 / 1 8 1 . 1 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 4 , 1 0 0 . 0 0 F H L M C Fe d e r a l H o m e L o a n M o r t g a g e E . J . D e L a R o s a 0 3 / 2 7 / 1 3 0 3 /2 7 / 1 8 1 . 1 3 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 8 7 , 7 6 0 . 0 0 F H L M C Fe d e r a l H o m e L o a n M o r t g a g e E . J . D e L a R o s a 0 6 / 2 6 / 1 3 0 6 /2 6 / 1 8 1 . 4 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 3 , 5 0 0 . 0 0 F H L M C Fe d e r a l H o m e L o a n M o r t g a g e E . J . D e L a R o s a 0 4 / 1 7 / 1 4 0 4 /1 7 / 1 9 2 . 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 0 0 1 , 5 5 0 . 0 0 F H L M C Fe d e r a l H o m e L o a n M o r t g a g e U n i o n B a n c 0 5 / 2 8 / 1 4 1 1 / 2 8 / 1 7 1 . 3 5 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 0 0 1 , 7 7 0 . 0 0 F H L M C T o t a l F e d e r a l H o m e L o a n M o r t g a g e 8, 0 0 0 , 0 0 0 . 0 0 3 7 . 3 8 % 7 , 9 5 9 , 2 4 0 . 0 0 3 7 . 3 2 % Fe d e r a l N a t i o n a l M o r t g a g e A s s o c i a t i o n E . J . D e L a R o s a 1 0 / 1 8 / 1 2 1 0 / 1 8 / 1 7 1 . 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 4 , 2 6 0 . 0 0 F N M A Fe d e r a l N a t i o n a l M o r t g a g e A s s o c i a t i o n E . J . D e L a R o s a 1 1 / 1 5 / 1 2 1 1 / 1 5 / 1 7 1 . 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 1 , 0 3 0 . 0 0 F N M A Fe d e r a l N a t i o n a l M o r t g a g e A s s o c i a t i o n U n i o n B a n c 0 5 / 1 5/ 1 3 0 5 / 1 5 / 1 7 0 . 7 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 1 , 9 6 0 . 0 0 F N M A T o t a l F e d e r a l N a t i o n a l M o r t g a g e A s s o c i a t i o n 3, 0 0 0 , 0 0 0 . 0 0 1 4 . 0 2 % 2 , 9 7 7 , 2 5 0 . 0 0 1 3 . 9 6 % Fe d e r a l F a r m C r e d i t B a n k E . J . D e L a R o s a 0 6 / 0 4 / 1 3 0 6 / 0 4/ 1 8 1 . 2 5 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 0 , 1 3 0 . 0 0 F F C B T o t a l F e d e r a l N a t i o n a l M o r t g a g e A s s o c i a t i o n 1, 0 0 0 , 0 0 0 . 0 0 4 . 6 7 % 9 9 0 , 1 3 0 . 0 0 4 . 6 4 % To t a l I n v e s t m e n t s 21 , 4 0 0 , 3 4 7 . 7 5 $ 1 0 0 . 0 0 % 21 , 3 2 6 , 9 6 7 . 7 5 $ 1 0 0 . 0 0 % ** R e p r e s e n t s t h e L A I F d a i l y r a t e a t 5 / 3 1 / 1 4 CO S T A M E S A S A N I T A R Y D I S T R I C T Sc h e d u l e o f I n v e s t m e n t s b y I n s t r u m e n t T y p e Ma y 3 1 , 2 0 1 4 5 In v e s t m e n t P u r c h a s e M a t u r i t y D a y s t o C o u p o n Y i e l d t o I n v e stment Br o k e r / D e a l e r Ty p e Da t e D a t e Ma t u r i t y Ra t e Ma t u r i t y Cost Lo c a l A g e n c y I n v e s t m e n t F u n d P o o l 1 0 . 2 2 8 % * * 0 . 2 2 8 % 9 , 0 9 2 , 5 6 9 . 3 1 $ Ba n k o f N e w Y o r k S w e e p 1 0 . 0 1 0 % 0 . 0 1 0 % 3 0 7 , 7 7 8 . 4 4 E. J . D e L a R o s a F H L M C 0 8 / 0 7 / 1 2 0 8 / 0 7 / 1 7 1 , 1 6 4 1 . 0 0 0 % 1 . 0 0 0%1,000,000.00 E. J . D e L a R o s a F N M A 1 0 / 1 8 / 1 2 1 0 / 1 8 / 1 7 1 , 2 3 6 1 . 0 0 0 % 1 . 0 0 0 %1,000,000.00 E. J . D e L a R o s a F N M A 1 1 / 1 5 / 1 2 1 1 / 1 5 / 1 7 1 , 2 6 4 1 . 0 0 0 % 1 . 0 0 0 %1,000,000.00 E. J . D e L a R o s a F H L M C 1 2 / 2 8 / 1 2 1 2 / 2 8 / 1 7 1 , 3 0 7 0 . 9 5 0 % 0 . 9 5 0%1,000,000.00 E. J . D e L a R o s a F H L M C 0 2 / 2 2 / 1 3 0 2 / 2 2 / 1 8 1 , 3 6 3 1 . 1 5 0 % 1 . 1 5 0%1,000,000.00 E. J . D e L a R o s a F H L M C 0 2 / 2 8 / 1 3 0 2 / 2 8 / 1 8 1 , 3 6 9 1 . 1 0 0 % 1 . 1 0 0%1,000,000.00 E. J . D e L a R o s a F H L M C 0 3 / 2 7 / 1 3 0 3 / 2 7 / 1 8 1 , 3 9 6 1 . 1 3 0 % 1 . 1 3 0%1,000,000.00 Un i o n B a n c F N M A 0 5 / 1 5 / 1 3 0 5 / 1 5 / 1 7 1 , 0 8 0 0 . 7 0 0 % 0 . 7 0 0 % 1 , 0 0 0 ,000.00 E. J . D e L a R o s a F F C B 0 6 / 0 4 / 1 3 0 6 / 0 4 / 1 8 1 , 4 6 5 1 . 2 5 0 % 1 . 2 5 0 %1,000,000.00 E. J . D e L a R o s a F H L M C 0 6 / 2 6 / 1 3 0 6 / 2 6 / 1 8 1 , 4 8 7 1 . 4 0 0 % 1 . 4 0 0%1,000,000.00 E. J . D e L a R o s a F H L M C 0 4 / 1 7 / 1 4 0 4 / 1 7 / 1 9 1 , 7 8 2 2 . 0 0 0 % 2 . 0 0 0%1,000,000.00 Un i o n B a n c FH L M C 05 / 2 8 / 1 4 11 / 2 8 / 1 7 1, 2 7 7 1. 3 5 0 % 1.350%1,000,000.00 CO S T A M E S A S A N I T A R Y D I S T R I C T In v e s t m e n t P o r t f o l i o Ma y 3 1 , 2 0 1 4 Un i o n B a n c FH L M C 05 / 2 8 / 1 4 11 / 2 8 / 1 7 1, 2 7 7 1. 3 5 0 % 1.350%1,000,000.00 To t a l I n v e s t m e n t P o r t f o l i o 21,400,347.75$ To t a l P o r t f o l i o W e i g h t e d A v g I n t e r e s t R a t e 0 . 7 5 3 % W e i g h t e d A v g Y i e l d t o M a t u r i t y 0 . 7 5 3 % W e i g h t e d A v g D a y s t o M a t u r i t y 7 5 7 D a y s 2 . 0 7 Y e a r s ** R e p r e s e n t s t h e L A I F d a i l y r a t e a t 5 / 3 1 / 1 4 6 Net Pu r c h a s e M a t u r i t y I n t u i t i o n I n v e s t m e n t C o u p o n I n v e s t m e nt M a r k e t A c c r u e d G a i n / ( L o s s ) Da t e Da t e Br o k e r / D e a l e r Ty p e Pa r Ra t e Co s t Va l u e InterestIf Sold n/ a C o n t i n u o u s L A I F P O O L 9 , 0 9 2 , 5 6 9 . 3 1 $ 0 . 2 2 8 % * * 9 , 0 9 2 , 5 6 9 . 3 1 9 , 0 9 2 , 5 6 9 . 3 1 - - n/ a C o n t i n u o u s B a n k o f N e w Y o r k S W E E P 3 0 7 , 7 7 8 . 4 4 0 . 0 1 0 % 3 0 7 , 7 7 8 . 4 4 3 0 7 , 7 7 8 . 4 4 - - 08 / 0 7 / 1 2 0 8 / 0 7 / 1 7 E . J . D e L a R o s a F H L M C 1 , 0 0 0 , 0 0 0 . 0 0 1 . 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 2 , 9 2 0 . 0 0 3 , 1 6 6 . 6 7 (7,080.00) 10 / 1 8 / 1 2 1 0 / 1 8 / 1 7 E . J . D e L a R o s a F N M A 1 , 0 0 0 , 0 0 0 . 0 0 1 . 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 4 , 2 6 0 . 0 0 1 , 1 9 4 . 4 4 (5,740.00) 11 / 1 5 / 1 2 1 1 / 1 5 / 1 7 E . J . D e L a R o s a F N M A 1 , 0 0 0 , 0 0 0 . 0 0 1 . 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 1 , 0 3 0 . 0 0 4 4 4 . 4 4 (8,970.00) 12 / 2 8 / 1 2 1 2 / 2 8 / 1 7 E . J . D e L a R o s a F H L M C 1 , 0 0 0 , 0 0 0 . 0 0 0 . 9 5 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 0 , 9 7 0 . 0 0 4 , 0 3 7 . 5 0 (9,030.00) 02 / 2 2 / 1 3 0 2 / 2 2 / 1 8 E . J . D e L a R o s a F H L M C 1 , 0 0 0 , 0 0 0 . 0 0 1 . 1 5 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 6 , 6 7 0 . 0 0 3 , 1 6 2 . 5 0 (3,330.00) 02 / 2 8 / 1 3 0 2 / 2 8 / 1 8 E . J . D e L a R o s a F H L M C 1 , 0 0 0 , 0 0 0 . 0 0 1 . 1 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 4 , 1 0 0 . 0 0 2 , 8 4 1 . 6 7 (5,900.00) 03 / 2 7 / 1 3 0 3 / 2 7 / 1 8 E . J . D e L a R o s a F H L M C 1 , 0 0 0 , 0 0 0 . 0 0 1 . 1 3 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 8 7 , 7 6 0 . 0 0 2 , 0 0 8 . 8 9 (12,240.00) 05 / 1 5 / 1 3 0 5 / 1 5 / 1 7 U n i o n B a n c F N M A 1 , 0 0 0 , 0 0 0 . 0 0 0 . 7 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 1 , 9 6 0 . 0 0 6 , 1 4 5 . 8 3 (8,040.00) 06 / 0 4 / 1 3 0 6 / 0 4 / 1 8 E . J . D e L a R o s a F F C B 1 , 0 0 0 , 0 0 0 . 0 0 1 . 2 5 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 0 , 1 3 0 . 0 0 6 , 1 4 5 . 8 3 (9,870.00) 06 / 2 6 / 1 3 0 6 / 2 6 / 1 8 E . J . D e L a R o s a F H L M C 1 , 0 0 0 , 0 0 0 . 0 0 1 . 4 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 9 9 3 , 5 0 0 . 0 0 6 , 0 2 7 . 7 8 (6,500.00) 04 / 1 7 / 1 4 0 4 / 1 7 / 1 9 E . J . D e L a R o s a F H L M C 1 , 0 0 0 , 0 0 0 . 0 0 2 . 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 0 0 1 , 5 5 0 . 0 0 2 , 4 4 4 . 4 4 1,550.00 05 / 2 8 / 1 4 11 / 2 8 / 1 7 Un i o n B a n c FH L M C 1, 0 0 0 , 0 0 0 . 0 0 1. 3 5 0 % 1, 0 0 0 , 0 0 0 . 0 0 1, 0 0 1 , 7 7 0 . 0 0 112.50 1,770.00 C O S T A M E S A S A N I T A R Y D I S T R I C T Fo r a l l M a t u r i t i e s w i t h M a r k e t V a l u e s Ma y 3 1 , 2 0 1 4 05 / 2 8 / 1 4 11 / 2 8 / 1 7 Un i o n B a n c FH L M C 1, 0 0 0 , 0 0 0 . 0 0 1. 3 5 0 % 1, 0 0 0 , 0 0 0 . 0 0 1, 0 0 1 , 7 7 0 . 0 0 112.50 1,770.00 To t a l I n v e s t m e n t s 21 , 4 0 0 , 3 4 7 . 7 5 $ 2 1 , 4 0 0 , 3 4 7 . 7 5 2 1 , 3 2 6 , 9 6 7 . 7 5 3 7 , 7 3 2 . 4 9 (73,380.00) ** R e p r e s e n t s t h e L A I F d a i l y r a t e a t 5 / 3 1 / 1 4 7 Ty p e o f P u r c h a s e M a t u r i t y C o u p o n I n v e s t m e n t In v e s t m e n t Da t e Da t e Ra t e Pa r V a l u e Co s t FH L M C 0 8 / 0 7 / 1 2 0 8 / 0 7 / 1 7 1 . 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 0 0 0 , 0 0 0 . 0 0 C a l l a b l e 8 / 7 / 1 4 w / 5 d a y s n o t i c e , t h e r e a f t e r 1 1,2,5,8 FN M A 1 0 / 1 8 / 1 2 1 0 / 1 8 / 1 7 1 . 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 0 0 0 , 0 0 0 . 0 0 C a l l a b l e 5 / 1 5 / 1 3 w / 1 0 d a y s n o t i c e , t h e r e a f t e r 8,11,2,5 FN M A 1 1 / 1 5 / 1 2 1 1 / 1 5 / 1 7 1 . 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 0 0 0 , 0 0 0 . 0 0 C a l l a b l e 5 / 1 5 / 1 3 w / 1 0 d a y s n o t i c e , t h e r e a f t e r 8,11,2,5 FH L M C 1 2 / 2 8 / 1 2 1 2 / 2 8 / 1 7 0 . 9 5 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 0 0 0 , 0 0 0 . 0 0 C a l l a b l e 1 2 / 2 8 / 1 3 w / 5 d a y s n o t i c e , m o n t h l y t h ereafter FH L M C 0 2 / 2 2 / 1 3 0 2 / 2 2 / 1 8 1 . 1 5 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 0 0 0 , 0 0 0 . 0 0 C a l l a b l e 8 / 2 2 / 1 3 , w / 5 d a y s n o t i c e , t h e r e a f t e r 8,11,2,5 FH L M C 0 2 / 2 8 / 1 3 0 2 / 2 8 / 1 8 1 . 1 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 0 0 0 , 0 0 0 . 0 0 C a l l a b l e 2 / 2 8 / 1 4 , w / 5 d a y s n o t i c e , a n n u a l l y t hereafter FH L M C 0 3 / 2 7 / 1 3 0 3 / 2 7 / 1 8 1 . 1 3 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 0 0 0 , 0 0 0 . 0 0 C a l l a b l e 3 / 2 7 / 1 5 , w / 5 d a y s n o t i c e , t h e r e a f t e r 3,6,9,12 FH L M C 0 4 / 1 7 / 1 4 0 4 / 1 7 / 1 9 2 . 0 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 0 0 0 , 0 0 0 . 0 0 C a l l a b l e 7 / 1 7 / 1 4 w / 5 d a y s n o t i c e , a n y t i m e t h e r eafter FN M A 0 5 / 1 5 / 1 3 0 5 / 1 5 / 1 7 0 . 7 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 0 0 0 , 0 0 0 . 0 0 C a l l a b l e 5 / 1 5 / 1 4 w / 1 0 d a y s n o t i c e , q t r l y t h e r eafter FF C B 0 6 / 0 4 / 1 3 0 6 / 0 4 / 1 8 1 . 2 5 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 0 0 0 , 0 0 0 . 0 0 C a l l a b l e 9 / 4 / 1 3 w / 5 d a y s n o t i c e , a n y t i m e t h e r eafter FH L M C 0 6 / 2 6 / 1 3 0 6 / 2 6 / 1 8 1 . 4 0 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 0 0 0 , 0 0 0 . 0 0 C a l l a b l e 3 / 2 6 / 1 5 w / 5 d a y s n o t i c e , t h e r e a f t e r 3,6,9,12 FH L M C 0 5 / 2 8 / 1 4 1 1 / 2 8 / 1 7 1 . 3 5 0 % 1 , 0 0 0 , 0 0 0 . 0 0 1 , 0 0 0 , 0 0 0 . 0 0 C a l l a b l e 8 / 2 8 / 1 4 w / 5 d a y s n o t i c e , a n y t i m e t h e r e a f t er To t a l s 12 , 0 0 0 , 0 0 0 . 0 0 $ 1 2 , 0 0 0 , 0 0 0 . 0 0 $ CO S T A M E S A S A N I T A R Y D I S T R I C T Ca l l S c h e d u l e Ma y 3 1 , 2 0 1 4 Ca l l F e a t u r e s 8 Cost 50 , 1 3 6 . 7 6 In T h o u s a n d s 1 - 1 8 0 D a y s 9 , 4 0 0 $ 18 1 - 3 6 5 D a y s - 1 - 2 Y e a r s - ## # # # # # # # # 6, 5 6 2 . 5 0 2 - 3 Y e a r s 1,000 CO S T A M E S A S A N I T A R Y D I S T R I C T MA T U R I T I E S D I S T R I B U T I O N Ma y 3 1 , 2 0 1 4 30 % 40 % 50 % 60 % 70 % 43 . 9 3 % 37 . 3 8 % 6, 5 6 2 . 5 0 2 - 3 Y e a r s 1,000 ## # # # # # # # # 3 - 4 Y e a r s 8 , 0 0 0 4 - 5 Y e a r s 3 , 0 0 0 TO T A L 21,400 $ 0% 10 % 20 % 30 % 1 - 1 8 0 Da y s 18 1 - 3 6 5 Da y s 1 - 2 Ye a r s 2 - 3 Ye a r s 3 - 4 Ye a r s 4 - 5 Ye a r s 0 0 0 0 0 0 0. 0 0 % 0. 0 0 % 4. 6 7 % 14 . 0 2 % 9 Co s t a M e s a S a n i t a r y D i s t r i c t Po r t f o l i o I n t e r e s t R a t e I n f o r m a t i o n as o f M a y 3 1 , 2 0 1 4 0. 2 0 % 0. 4 0 % 0. 6 0 % 0. 8 0 % 1. 0 0 % 1. 2 0 % 1. 4 0 % 1. 6 0 % 1. 8 0 % 2. 0 0 % 3 month T-Bill 6 month T-Bill 2 year T-Note 3 year T-Note 5 year T-Note CMSD-monthly LAIF-monthly OC Pool-monthly 0. 0 0 % 10 Costa Mesa Sanitary District …an Independent Special District Protecting our community’s health and the environment by providing solid waste and sewer collection services. www.cmsdca.gov Memorandum To: Board of Directors Via: Scott Carroll, General Manager From: Marc Davis, Treasurer Date: June 26, 2014 Subject: Investment Report for the Month of May 2014 Summary Attached is the Investment Report for the month of May 2014. As required by the District’s Statement of Investment Policy, the Investment Report delineates all investment activity during the month. Staff Recommendation Approve the Investment Report for the month of May 2014. Analysis This report lists the types of securities held in the District’s portfolio, the institutions from which the securities were purchased, maturity dates and interest rates as of May 31, 2014. The District’s investments are in compliance with the Statement of Investment Policy adopted by the Board at the June 27, 2013 regular meeting, as well as the California Government Code. The market values in this report were provided by our third party custodian, Bank of New York, except for the Local Agency Investment Fund (LAIF). The market value of LAIF was provided by the State Treasurer’s Office. It does not represent the value of the underlying securities within the pool, but rather the par or c ost amount, which is the amount the District is entitled to withdraw. This reporting practice is consistent with industry standard practices for similar funds. Board of Directors June 26, 2014 Page 2 of 3 The weighted average stated rate of return (current yield) for the District’s investment portfolio as of May 31, 2014, was 0.753%. The yield to maturity of the portfolio was 0.753%. The District’s weighted average interest rate was 53 basis points (0.525%) above the daily effective yield of LAIF, which was 0.228% as of May 31, 2014. The weighted average number of days to maturity for the District’s total portfolio was 757 days (2.07 years). The average duration of the underlying securities in LAIF as of May 31, 2014 was 202 days. The District’s investment portfolio is in complian ce with its liquidity limitations, which requires that a minimum of 20.00% of the portfolio must mature within one year. The percentage of the portfolio maturing in less than one year as of May 31, 2014 was 43.93%. As of May 31, 2014, the District has adequate operating reserves necessary to meet its obligations for the next six months. Strategic Plan Element & Goal This item supports achieving Strategic Element No. 7.0, Finances, by ensuring the short and long-term fiscal health of the District. Legal Review Legal review is not required. Environmental Review The approval of the monthly Investment Report is not a disturbance of the environment similar to grading or construction and is not a project under CEQA or t he District’s CEQA Guidelines. Financial Review The portfolio was budgeted to earn an average rate of 0.900% for the year ending June 31, 2014. Through May 31, 2014 the portfolio has earned a weighted average interest rate of 0.782%. Given the low interest rates throughout the year, investment earnings will fall short of budget estimates. Board of Directors June 26, 2014 Page 3 of 3 Public Notice Process Copies of this report are on file and will be included with the entire agenda packet for the June 26, 2014 Board of Directors regular meeting at District Headquarters (631 W. 19th Street) and on the District’s website at www.cmsdca.gov. Alternative Actions 1. Refer the matter back to staff Attachments Treasurer’s Report of Pooled Cash and Investments as of May 31, 2014