Item 5 - Treasurer's Reports Jan-Mar 2020AGENDA ITEM
May 12,2020
TO Honorable Mayor and Members of the City Council
THRU: Rick Otto, City Manager
FROM:Richard A. Rohm, City Treasurer
William M. Kolbow, Assistant City Manager/Administrative Services
Director
1. SUBJECT
Monthly Treasurer's Reports for January, February, and March 2020.
2. SUMMARY
Presentation of three monthly Treasurer's Reports to the City Council after the end of the
quarter covered by the reports.
3. RECOMMENDED ACTION
Receive and file.
4. FISCAL IMPACT
None.
5. STRATEGIC PLAN GOALS
Goal 2: Be a fiscally healthy community
d: Effectively manage and develop City assets.
6. DISCUSSION AND BACKGROUND
The City's current Statement of lnvestment Policy has been adopted by the City Council
of the City of Orange as Resolution 1 1 163 and is in accordance with the California
Government Code Sections 53600 et seq. Per the lnvestment Policy, three monthly
investment reports are to be submitted to the City Council within 45 days following the
end of the quarter.
As required by the City's present lnvestment Policy, the City Treasurer's report delineates
all investments made by the city Treasurer for the city, its special funds, and the
Successor Agency funds, by investment type and by broker.
The monthly Compliance Report certifying compliance of all investments with both the
Government Code and the City's lnvestment Policy is included.
1ITEM 0511212020
REVIEW: City Manager _ Finance _
Balance @ 1213112019
Monthly Activity:
Cash Received
Cash Disbursed
Balance @0313112020
The lnvestment Portfolio Statement accurately reflects all investments held by the City
and its agents as of the end of the month. This investment data is also presented in other
summary and graphic form. A reconciliation between total cash and investments and total
cash per the General Ledger is also included.
All of the three monthly Treasurer's Reports have been reviewed by the lnvestment
Advisory Committee (lAC).
Summary of chanqes in Treasurer's cash and investments:
Treasurer's Operating
Cash & lnvestments(1)
$130,549,088
(1)lncludes operating cash and investments (valued at cost). Does not include deposits
with administrator, imprest cash, fiscal agent cash and investments, and deferred
compensation.
For the month of January 202O
The January cash receipts exceeded cash disbursements by $6'603'210 The city
received $7,162,506 in property tax in lieu of vehicle license fee, $6,484,291 in property
tax ($3,566,700 for the City and $2,917,591 as property tax increment collected for the
Successor Agency), and $3,510,189 in sales tax revenue. During the month, large
disbursements included payments totaling $5,702,965 to orange County Water District
for pumping assessments, $1,907,31S to PERS for employee benefits, $500'208 to All
American Asphalt for street rehabilitation, and $241 ,350 to Municipal Water District of
Orange County for purchased water.
ln the month of January, one Federal Farm credit Bank note matured. we purchased one
Federal Home Loan Bank note (1 .7 5o/o for 2.5 years). The city's balance in L.A.l.F. on
January 31 was $23,200,000 or an increase of $4,600,000 due to cash receipts
exceeding cash disbursements during the month'
For the month of February 2020
The February cash disbursements receipts exceeded cash by $1'683,640. Large
disbursemenis included payments totaling $1 ,760,052 to PERS for employee benefits,
$1 ,O25,222 to the city of La Habra for orange's share of the cost to construct and operate
two navigation centers in the North orange county to provide services to people
experienCing homelessness, $930,242 to U.S. Bank for debt service, $449,234 to the
California State Department of Health Care Services (DHCS) for a reimbursable advance
to obtain additional federal Medicaid dollars for unreimbursed ambulance transport
services, and $208,181 to Alfaro Communications Construction for street improvements.
During the month, the City received $5,764,723 in in sales tax revenue.
ln the month of February, one Federal Farm Credit Bank note and one Federal National
Mortgage Association note matured. One Federal National Mortgage Association note
was called. we purchased one Federal Home Loan Mortgage Corporation note (1.60%
2ITEM 0sn212020
49,698,567
Q6.120.748\
$13,1126P02
for 2.25 years), one Federal Farm Credit Bank note (1 .80ok tor 4.25 years), and one
Federal Home Loan Bank note (1.95% for 5 years) The City's balance in L.A.|.F. on
February 29 was $30,800,000 or an increase of $7,600,000 mainly due to the investment
activity.
For the month of March 2020
The March cash disbursements exceeded cash receipts by $1,341,751. Large
disbursements included payments totaling $1 ,774,388 to PERS for employee benefits,
$933,926 to U.S. Bank for debt service, $344,812 to Alfaro Communications Construction
for street improvements, and $231 ,280 to Sidepath for data backup and recovery solution.
The City received $3,233,276 in sales tax revenue and $2,111,218 in property tax
revenue.
ln the month of March, one Federal Home Loan Mortgage Corporation note, one Federal
Farm Credit Bank note, and one Federal Home Loan Bank note were called. We
purchased one Federal Farm Credit Bank note (1 .21ohfor 4 years). The City's balance in
L.A.|.F. on March 31 was $41 ,700,000, or an increase of $10,900,000 because of the
investment activity.
Credit ratinq on investments
During this period, there was no change to the credit rating on the investments in the
investment portfolio.
lnvestme nt Advisorv Committee (lAC)
The most recent IAC meeting was May 6,2020 while the next quarterly Committee
meeting is to be scheduled for August 2020.
7. ATTACHMENTS
1. lnvestment Report for January 2020
2. lnvestment Report for February 2020
3. lnvestment Report for March 2020
3ITEM 05nzt2020
1. !nvestment Report for January 2020
MONTHLY SUMMARY COMPLIANCE CERTIFICATE
Januarv 2020
Note: All concentration restrictions were obtained from Sections 53601 and 53635 ofthe Govemment Code or the City's
Investment Policy as ofJune I l, 2019, whichever was the more stringent.
l. U.S. Agencies
(A) Total amount (book value) of U.S. Agency securities owned by the City = $89.995.657.
(B) Total amount allowed (75% of portfolio book value) of all City investments - $ 102,.t5.1,519.
Is (A) less than (B) at time ofpurchase?Yes X No
2. Monev Market Mutual Funds
(A) Total amount (book value) invested in money market mutual funds by the City: $2.104.158.
(B) Total amount allowed ($ l5 million or 20% ofportfolio book value, whichever is less) of
all City investments: $15,0 00.000.
ls (A) less than (B)?
3. LAIF
(A) Total amount (book value) invested in LAIF by the City = $23,2 00.000.
(B) Total amount allowed (35% of portfolio book value) ofall City investments : S{7.812,109.
Is (A) less than (B)?Yes X No
4. Medium-Term Notes
(A) Total amount (book value) invested in medium-term notes by the City = s21,306,211.
(B)Total amount allowed (20% of portfolio book value) ofall City investments: 527.321.205.
Is (A) less than (B) at time of purchase?Yes X No
5. Excluded Investment Vehicles
(A) Are any securities excluded by the Statement of Investment Policy currently included in the
City's portfolio?Yes No X
6. Investme nt Manasement Asreements
(A) Does the City have any investment manager or advisor agreements?
Yes (if no, skip to number 7)NoX
(B) lfso, was the agreement approved in advance by the City Council?
Yes No
(C) Has the City examined the methods and past performance of the investment manager?
Yes No
Yes X No-
(D) Pursuant to the agreement, does the City retain authority to make investment decisions?
Yes No
(E) Pursuant to the agreement, are the investments deposited with the City's custodian?
Yes No
7. Maturih Limits
(A) Does the City currently own any security with a maturity date in excess offive years?
Yes No X
(C) Does the City currently hold no more than 50oZ of its portfolio in securities at time of purchase
with maturities between 366 days and 730 days?
Yes X No
(D) Does the City currently hold no more than 357o of its portfolio in securities at time of purchase
with maturities between 731 days and 1095 days?
Yes X No
(F) Does the City currently hold no more than 3070 of its portfolio in securities at time ofpurchase
with maturities between I46l days and 1825 days?
Yes X No
8. Issuer Limits
Does each issuer of Money Market Mutual Funds continue to meet the following requirements?
) Is each issuer registered with the Securities and Exchange Commission under the
Investment Company Act of 1940?
Yes No N/A X
(ii) Does the fund of each issuer carry the highest rating of at least two of the three largest
national rating agencies?
Yes No N/A X
(iii) Has each issuer retained an investment adviser registered with the Securities and
Exchange Commission with not less than five years' experience managing money market
mutual funds with assets under management in excess of $500 million?
Yes-
2
No N/A X
(B) Does the City currently hold at least l5oh and no more than 50% of its portfolio in securities
at time of purchase with maturities equal to or less than 365 days?
Yes X No
(E) Does the City currently hold no more than 30o4 of its portfolio in securities at time ofputchase
with maturities berween 1096 days and 1460 days?
Yes X No
Prepared By:Audited By:
t1 tL.rfZ*
osephine Chan Rosario Guzman
Accountantlnvestment,/Revenue Offi cer
We hereby certify that for the month of January 2020, the investment actions of the City of Orange
comply in all respects with the requirements of the California Government Code and the City's current
Inv€stment Policv and that there is sufficient cash flow to coyer the next six months' expenditures barring
any catastrophic natural disasters. Market values are obtained through ICE Data Pricing and Reference
Data, the State Treasurer's Office, U.S. Trust and U.S. Bank.
Certified By:Verified By:
DATED: April 27. 2020
Richard A. Rohm
City Treasurer
William M. Kolbow
Assistant City Manager
Administrative Services Director
."?ryrw
BANK / BROKER PURCHASE
DATE
DESCRIPTION
City of Orange lnvestment Portfolio
January 31, 2020
(Sorted by TYPE)
MATURITY
OATE
PAR
VALUE
BOOK
VALU E
MARKET
VALUE
RATE YIELD
(l) LOCAL AGENCY INVESTMENT FUND (LAIF)
City
OSA
1.967
1.967
16.400.000.00
6,800,000.00
16.400.000.00
6,800,000.00
16.400,000.00
6,800.000.00
1.967
1.967
23,200,000.00 23,200,000.00 23,200,000.00
(ID FEDERAL HOME LOAN BANK
Stifel Nicolaus & Co lnc.
UBS Financial Setuices
UBS Financial Setuices
7t27 t2016
12116t2019
1t22t2020
FHLB
FHLB
FHLB
7t27t2021
6t16t2023
7t22t2022
1.516
1.875
1.750
7,000,000.00
8,000,000.00
8,000,000.00
6.998.436.67
8,000.000.00
8,000,000.00
7 .000 ,004 .2?
8,009.395.04
8,006,884.24
1.500
1.875
1.750
23,000,000.00 22,998,436.57 23,016,283.5s
FNMA
FNMA
FNI\,4A
4t27 t2020
5t25t2021
2t25t2020
11t30t2020
7 t27 t2021
1.450
1.750
1.500
1.707
1.550
6.000.000.00
1s,000,000.00
9,000,000.00
4,000,000.00
6,000,000.00
6,000,000.00
15,000.000.00
9,000.000.00
3,999.631.55
6,000,000.00
5.999,196.90
15,00't.949.70
9.000.016.56
3,997.075.84
6,001.388.82
1.450
1.750
1.500
1.500
1.550
/10,000,000,00 39,999,631.55 39,999,627.82
(lV) FEOERAL FARM CREDIT BANK
UBS Financial Services
UBS Financial Services
UBS Financial Services
2t25t2016
6t1412016
9t312019
FFCB
FFCB
FFCB
211712021
211812020
9t312024
5,000,000.00
6,000,000.00
13,000,000.00
4,998,950.89
6,000.000.00
13,000,000.00
5,000,010.90
5,999,736.24
13,020.695.74
1.620
1.360
2.000
1.649
1.360
2.000
(V) FEDERAL HOTIE LOAN I{ORTGAGE CORPORANON
Stifel Nicolaus & Co lnc. 9l2il20'19 FHLMC
24,000,000.00
3.000.000.00
23,998,950.8S
2,998,637.89
21,020,142.44
3.000.392.52915t20232.050 2.050
3,000,000.00 2,998,637.89 3,000,392.52
(vD MEDtUttt TERtir NOTE
UBS Financial SeNices
UBS Financial Services
UBS Financial Services
UBS Financial Services
10t512016
6t2912017
9t2012019
1211012019
Apple
Toyota
Coca Cola
HSBC
8t412021
12t29t2020
9t6t2024
612312024
1.550
2.000
1.750
3.500
2,000,000.00
10,000,000.00
3,000,000.00
6,000,000.00
2,000,000.00
10,000,000.00
2,967,335.53
6,338,875.44
1,9S9,307.28
9,956,419.20
3,020,811.66
6.412,487.94
1.550
2.000
2.000
2.142
{VII) MONEY MARXET MUTUAL FUNOS ITREASURY)
Wells Fargo Bank U.S. T-Note
21,000,000.00
2 ,'l 0.t, 1 57.89
21,306,210.97
2.104,157.8S
21,389,026.08
2,10.1,'157.891.442 1.442
Portfolio total
Portfolio total
2,104,157.89 2,101,157.49 2,104,'t 57.89
136,304,'157.89 136,606,025.86 136,729,930.74
4
Port.T.xlsx
1-31-2020
12-31-2019
( ) FEDERAL NAnONAL ORTGAGE ASSOCIAnO
Stifel Nicolaus & Co lnc. 412712016
UBS FinancialseMc€s ,26/2016
UBS Financial SeMces 5/26/20'16
Stifel Nicolaus & Co lnc. 512712016
UBS FinancialSeMces 712712016
1rr,401,360.1' 12
I nvestment Transactions
January 2020
SETTLEMENT DATE DESCRIPTION RATE YIELD CALLABLE PAR PRICE
PURCHASES / DEPOSITS
Various dates Sweep Account 1.442o/o 1.442o/o N/A $27,982,099.47 $27,982,099.47
Various dates L.A.I.F 1.967% 1.9670/o N/A $ 16,692,204.62 $16,692,204.62
1t22t2020
Federal Home Loan Bank
UBS Financial Services 712212022
lnvestment # 2'1291
1.750% 1 .750'/o Yes $ 8,000,000.00 $8,000,000.00
5
I nvestment Transactions
January 2020
SETTLEi'ENT OATE DESCRIPTION RATE YIELD CALLABLE PAR PRICE
MATURITIES / WITHDRAWALS / CALLS
Various dates Sweep Account 1.442./. 1.4420/0 N/A $ 29,683,714.66 $29,683,714.66
Various dates L.A.I.F 1.967./" 1.967%N/A $ 12,040,496.17 $'12,040,496.17
1t312020
Federal Farm Credit Bank
UBS Financial Services 'l13/2020
lvlatured - lnvestmenl # 21281
1.6250k 1.625%N/A $ 4,000,000.00 $4,000,000.00
Buy.Sell.T.nsx
6
City of Orange lnvestment Portfolio
January 31, 2020
Po rtfol i o Perfo rm a n ce Meas u res
Portfolio lndexes
Rate of Return:
Portfolio Effective Rate of Return - for January
Portfolio Effective Rate of Return . for Fiscal Year-to-date
Portfolio Yield to Maturity at 1/31/2020
Total Rate of Retum:
Total Rate of Return " for January (not annualized)
Total Rate of Return - for 2019 Y-T-D - (not annualized)
Other:
Portfolio Weighted-Average Time to Maturity
Market Value as percent of Portfolio,ll3'll2020
Market Value as percent of Portfolio,1213112019
Federal Agency Securities as percent of Portfolio, 'll31l2O2O
1.77o/o
't.8'l%
1.79%
o.220/0
0.22%
1.62
100.09%
99.8s%
65.88%
1.520/0
1.55%
1.53o/o
3 month Treasury -- January Average
6 month Treasury -- January Average
1 year Treasury - January Average
Years
Portfolio Yield to Maturity: weighted-average yield to maturity (or call dale, if applicable) for entire portfolio;
in the case of coupon investments, includes an adjustment to the face rate for any premium paid or discount received.
Sourco of Market Value: ICE Data Pricjng and Reference Data provides market value on all inslrumenls.
Total Rato ol Rotum: groMh or decline in the value olthe portfolio, including both changes in the market value and income, as a proportion of lhe starting value,
adjusted on a time-weighted basis (per Modifed Dietz Method) for cash flows into or out of lhe portfolio during the period.
The Modified Dietz Method assumes a conslant rate of return on the portfolio during the period and is not based on daily valuations.
7
0.54yo 1-3 Year Treasury lndex-Total Rate of Return for January (not annualized)
0.547o l-3 Year Treasury lndex-Total Rate of Retum for 2O2O Y-T-D (not annualized)
Port.T.xlsx
412712020
4,57 PM
City of Orange lnvestment Portfolio
January 31,2020
Toyota
Medium Term Note
$10.0 7.32%
Yield 2.000o/o
Money Market
Mutual Funds
$2.1 1.s4%
Yield 1.442%Apple
Medium Term Note
$2.0 1.46%
Yield 1.550%
Local Agency lnvestment
Fund
$23.2 16.98%
Yield 1.9670/o
Federal Home Loan Bank
$23.0 16.84%
Yield 1.722%
Federal Home Loan
Mortgage Corporation
$3.0 2.20%
Yield 2.050o/o
Federal Farm Credit Bank
$ 24.0 ',17.570/o
Yield 1.7650/0
Federal National Mortgage
Association
$40.0 29.28o/o
Yield 1.615%
Total Portfolio $1 36,606,026
Cha( Dollar Values in Millions of Dollars
I
Coca Cola
Medium Term Note
$3.0 2.170/o
Yield 2.000%
HSBC
Medium Term Note
$6.3 4.64%
Yield 2.143%
:.:.
City of Orange lnvestment Portfolio
January 31,2020
Maturity Aging Schedule
Maturing in
0-1 years
1-2 years
2-3 years
3-4 years
4-5 years
Book Value
60,303,789
34,997,388
8,000,000
10,998,638
22,306 ,211
$136,606,026 1000/o
Weighted-average years to maturity for portfolio ='t.62
$100,000.000
$90,000,000
$80,000,000
$70,000.000
$60,000,000
$50,000,000
s40,000,000
$30,000,000
$20,000,000
$'10,000,000
$-
0-1 years 1-2 years 2-3 years 3-4 years 4-5 years
9
Matur.T.xlsx
44o/o
260/o
60/o
8o/o
160/o
Total Cash and lnvestments per General Ledger 1
Plus Outstanding Checks
Treasurer's Operating Cash and lnvestments
Checking, Payroll & PMA - Wells Fargo
Treasurer's lnvestments
Accrued lnterest on lnvestments
Cash in transit
lmprest Cash
Fiscal Agent Cash and lnvestments
City of Orange
Reconciliation of Total Cash and
lnvestments to General Ledger
As of January 31, 2020
Total Cash & lnvestments
Total Cash & lnvestments
213,966
'136,606,026
101,437
230,869 '137,152,298
't2,200
3,219,757
140,384,255
139,459,890
924,365
140,384,255
1 lncludes adiuslmenl lor month-end liming diflerences-
10
GL C4h.7 tor R.p.nine Jcrkr
City of Orange
Fiscal Agent lnvestments
As of January 31, 2020
Carrying
Value
Market or
Contract
Value
Fiscal Agent Cash and lnvestments
Community Facilities Districl 91-2 2013 Special Tax Refunding Bonds - U.S. Bank
First American Government Obligation Fund (1.46%)
Federal National Mortgage Association (1.25ok)
Successor Agency 20084 Merged & Amended Tax Allocation Bonds - U.S. Bank
First American Government Obligation Fund (1.46%)
Successor Agency 2008B Merged & Amended Tax Allocation Bonds - U.S. Bank
First American Government Obligation Fund (1.46%)
Community Facilities District 06-'l 20'15 Special Tax Refunding Bonds - U.S. Bank
Firsl American Government Obligation Fund ('1.46%)
US Treasury Bond (4.375olo)
Successor Agency 2014A Merged & Amended Tax Allocation Refunding Bonds - U.S. Bank
First American Government Obligation Fund (1.46%)
Successor Agency Refunding Bonds 2018A - U.S. Bank
First American Government Obligation Fund (1.46%)
Total FiscalAgent Cash and lnvestments
1,576,724 1,576.724
2,483 2,483
680
1 ,638,201 1,638,201
1 ,569 1.569
100 100
680
3,219,757 3,219,757
11
2.lnvestment Report for February 2020
Yes
6. Investment Man ent Apreements
(A) Does the City have any investment manager or advisor agreements?
(if no, skip to number 7)
(B) Ifso, was the agrcement approved in advance by the City Council?
Yes No
NoX
Yes_NoX
t2
MONTHLY SUMMARY COMPLIANCE CERTIFICATE
February 2020
Note: All concentration restrictions were obtained from Sections 53601 and 53635 ofthe Govemment Code or the City's
Investment Policy as ofJune I l, 2019, whicheyer was the more stringent.
l. U.S, Aqencies
(A) Total amount (book value) of U.S. Agency securities owned by the City = $8f.002.854.
(B) Total amount allowed (75% of portfolio book value) of all City investments: $!!![!].f!,[
Is (A) less than (B) at time of purchase? Yes X No_
2. Monev Market Mutual Funds
(A) Total amount (book value) invested in money market mutual funds by the City = $2J2f-,!$
(B) Total amount allowed ($15 million or 20% ofportfolio book value, whichever is less) of
all City investments : $15,]009!090:.
Is (A) less than (B)? Yes X No_
3. LAIF
(A) Total amount (book value) invested in LAIF by the City = $SO.tOO.OrO.
(B) Total amount allowed (35% ofportfolio book value) of all City investments = $47.435.601.
ls (A) less than (B)? Yes X No-
4. Medium-Term Notes
(A) Total amount (book value) invested in medium-term notes by the City = $2.!J9!,][
(B) Total amount allowed (20% ofportfolio book value) ofall City investments: $27.f06.058.
Is (A) less than (B) at time of purchase? Yes X No-
5. Excluded Investment Vehicles
(A) Are any securities excluded by the Statement of Investment Policy curently included in the
City's portfolio?
(C) Has the City examined the methods and past performance of the investment manager?
Yes No
(D) Pursuant to the agreement, does the City retain authority to make investment decisions?
Yes No
(E) Pursuant to the agreement, are the investments deposited with the City's custodian?
Yes No
7. Maturity Limits
(A) Does the City currently own any security with a maturity date in excess of five years?
Yes No X
(C) Does the City currently hold no more than 50olo of its portfolio in securities at time ofpurchase
with maturities between 366 days and 730 days?
Yes X No
(D) Does the City currently hold no more than 35% of its portfolio in securities at time ofpurchase
with maturities between 731 days and 1095 days?
Yes X No
8. Issuer Limits
Does each issuer of Money Market Mutual Funds continue to meet the following requirements?
(i) Is each issuer registered with the Securities and Exchange Commission under the
Investment Company Act of 1940?
Yes No N/A X
(iii) Has each issuer retained an investment adviser registered with the Securities and
Exchange Commission with not less than five years' experience managing money market
mutual funds with assets under management in excess of $500 million?
Yes
l-l
No N/A X
(B) Does the City currently hold at least l5o/o and no more than 50% of its portfolio in securities
at time ofpurchase with maturities equal to or less than 365 days?
Yes X No
(E) Does the City currently hold no more than 30% of its portfolio in securities at time ofpurchase
with maturities between 1096 days and 1460 days?
Yes X No-
(F) Does the City cunently hold no more than 30% of its portfolio in securities at time ofpurchase
with maturities between l46l days and 1825 days?
Yes X No
(ii) Does the fund of each issuer carry the highest rating of at least two of the three largest
national rating agencies?
Yes No N/A X
We hereby certify that for the month of February 2020, the investment actions of the Citl of Orange
comply in all respects with the requirements of the California Government Code and th€ City's current
Investment Policy and that there is sufficient cash flow to cover the next six months' expenditures barring
any catastrophic natural disasters. Market values are obtained through ICE Data Pricingand Reference
Data, the State Treasurer's Office, U.S. Trust and U.S. Bank.
Certified By:Verified Bv
DATED: April 27, 2020
z2 .tc,/za),
Josephine Chan
lnvestment/Revenue Offi cer
Richard A. Rohm
City Treasurer
-rr*
Rosario Guzman
Accountant
William M. Kolbow
Assistant City Manager
Administrative Services Director
l4
Prepared By:Audited By:
City of Orange lnvestment Portfolio
February 29, 2020
(Sorted by TYPE)
BANK / BROKER PURCHASE
DATE
DESCRIPTION MATURITY
OATE
RATE YIELD PAR
VALUE
BOOK
VALUE
MARKET
VALUE
City
OSA
1.912
1.912
1.912
1.912
27,200,000.00
3.600,000.00
27.200.000.00
3,600,000.00
27.200,000.00
3,600,000.00
30,800,000.00 30,E00,000.00 30,800,000.00
(lD FEDERAL HOME LOAN BANK
Slilel Nicolaus & Co Inc-
UBS Financaal Services
UBS Financial Services
Stifel Nicolaus & Co lnc.
7t27t2016
1t2212020
12t1612019
212112020
FHLB
FHLB
FHLB
FHLB
712712021
7 t22t2022
6t16t2023
2t21t2025
'1.500
1.750
1.875
1.950
7,000,000.00
8,000,000.00
8,000,000.00
7,000,000.00
6,9e8,524.17
8,000.000.00
8,000.000.00
?.004.872.78
7,000,171.64
8,01 7,9'1 8.40
8,017,362.48
7,020,241.U
30,000,000.00 30,003,396.95 30,055,693.86
0ll) FEDERAL NAnONAL
'I'IORTGAGE
ASSOCIATION
Stifel Nicolaus & Co lnc. 412712016
Slifel Nicolaus & Co lnc. 512712016
UBS Financial Services 712712016
4t27t2020
11t30t2020
7 t27 t2021
1.450
1.500
1.550
1.450
1.707
1.550
6.000.000.00
4,000.000.00
6,000,000.00
6.000.000.00
3,S99.668.52
6,000.000.00
6,003,588.48
4,009,626.72
6,004,917.36
16,000,000.00 '15,999,668,52 15,018,132.s6
0V) FEDERAL FARI', CREDIT BANK
UBS Financial Services
UBS Financial SeNices
UBS Financial Services
FFCB
FFCB
FFCB
2t17 t2021
5120t2024
91312024
5,000,000.00
7,000.000.00
13,000,000.00
4,999.034.60
7,000,000.00
13,000,000.00
s.000,131.1s
7,002,075.50
'13,044,469.10
2s,000,000.00 24,999,034.60 25,046,675.75
(V) FEDERAL HOME LOAiI MORTGAGE CORPORATION
Stifel Nicolaus & Co lnc. 912012019
Stifel Nicolaus & Co lnc. 212512020
91512023
5t18t2022
2.050
1.587
FHLMC
FHLI\4C
10,000,000.00 10,000,753.78 10,005,837.40
(VD MEDIUM TERI,I NOTE
UBS Financial Services
UBS FinancialServices
UBS Financial Services
tJBS Financial Services
10/5i2016 Apple
6129120'17 Toyota
gl2il2019 Coca Cola
12l10/2019 HSBC
1.550
2.000
1.750
3.500
2,000,000.00
10.000.000.00
3,000,000.00
6,000,000.00
2,000,000.00
10,000,000.00
2,967 ,927 .63
6 ,332,44e .23
2,008,486.02
9.995,'t 50.70
3,047,946.78
6 ,476,105.52
1.550
2.000
2.000
2.142
(VII) i,IONEY IIIARKET MUTUAL FUNDS (TREASURY}
Wells Fargo Bank U.S. T-Note
2'1,000,000.00
2.427 .O57 .61
21,300,376.86
2.427 .O57 .61
2',1 ,527 ,689.02
2,427,057.611.444 1.444
2,427 ,057 .61 2,127 ,057 .61 2,427 ,O57 .Gl
Portfolio total
Portfolio total
135,227,057.61't35,s30,288.32 r35,881,086.20
Port.S.xlsx
15
2-29-2020
1-31-2020
(I) LOCAL AGENCY INVESTMEiIT FUND (LAIF)
1.516
1.750
1.875
1.935
FNMA
FNIUA
2t25t2016
2t2012020
s13t2019
1.620
1.800
2.000
'1.649
'1.800
2.000
2.O50
1.600
3,000,000.00 2,998.669.47 3,000,145.77
7,000,000.00 7,002,084.31 7,00s,691.63
814t2021
12129t2020
91612024
6t2312024
136,30,r,157.E9 {36,605,025.86 136,729,930.74
I nvestment Transactions
February 2020
SETTLEi/IENT OATE DESCRIPTION RATE PAR PRICE
PURCHASES / DEPOSITS
Various dates Sweep Account 1.444o/o 1.444ok N/A $ 14,945,981.73 $14,945,981.73
Various dates L.A.I.F 1.912% 1 .912./.N/A $ 22,300,000.00 $22,300,000.00
2120t2020
Federal Farm Credit Bank
UBS Financial Services 5/2012024
lnvestment # 2'1293
1.800% 1.800%Yes S 7,000,000.00 $7,000,000.00
2t21t2020
Federal Home Loan Bank
Stifel Nicolaus & Co. 212112025
lnvestment # 21294
1.950% 1.935%Yes $ 7,000,000.00 $7,004,900.00
2t2512020
Federal Home Loan l\ilortgage Corporation
Stifel Nicolaus & Co. 511812022
lnvestment # 2'1295
1.600% 1.547%Yes $ 7,000,000.00 $7 ,004,277 .78
Bly SeI 8 nsx
YIELO CALLABLE
I nvestment Transactions
February 2020
DESCRIPTION RATE YIELD CALLABLE PAR PRICE
MATURITIES / WITHDRAWALS / CALLS
Various dales Sweep Account 1 .444Yo 1.444%N/A $14,627,285.48 $14,627,285.48
Various dates L.A.I.F 1.9120/0 1.912%N/A $14,700,000.00 $14,700,000.00
211812020
Federal Farm Credit Bank
UBS Financial Services 2l18l2O2O
Matured - lnveslmenl # 21272
1.360% 1.360%N/A $6,000,000.00 $6,000,000.00
2t25t2020
Federal Nalional Mortgage Association
UBS Financial Services 212512020
Matured - lnvestment # 21267
1.500% 1.500%$9,000,000.00 $9,000,000.00
2125t2020
Federal Nalional Mortgage Association
UBS Financial Services 512512021
Called - lnvestmenl# 21265
'l.75Oo/o 1.750%Yes $15,000,000.00 $15,000,000.00
Buy.SeI s nsx
17
SETTLEMENT DATE
City of Orange lnvestment Portfolio
February 29,2020
Portfolio Pertormance Measu res
Portfolio lndexes
Rate of Return:
Portfolio Effective Rate of Return - for February
Porttolio Effective Rate of Return - for Fiscal Year-to-date
Portfolio Yield to Malutily at 212912020
Total Rate of Retum:
Total Rate of Return - for Februa.y (not annualized)
Total Rate oI Return . for 2020 Y-T-D - (not annualized)
Other:
Portfolio Weighted-Average Time to Maturity
Market Value as percent of Portfolio, 22912020
Market Value aa percent of Portfolio, 'l13'l/2020
Federal Agency Securities as percent of PortIolio, 2/29/2020
1.320/o
1.50%
1.410/.
3 month Treasury -- February Average
6 month Treasury --February Average
'l year Treasury -- February Average
o.170/o
o.38%
0.86% 1.3 Year Treasury lndex-Total Rate of Retum for February (not annualized)
1.41o/o 1-3 Year Trcasury lndex-Total Rate of Return for 2020 Y-T-D (not an nualized)
Years
Portlolio Yl6ld to Maturity: weighted-average yield to maturity (or call date, if applicable) for entire portfolio;
in the case of coupon inveslments, includes an adjustmeni to the face rate for any premium paid or discount received.
Source ot Markgt valuo: ICE Data Pricing and Refercnce Data provides market value on all inskuments.
Total Rst. of REtum: growth or decline in the value ofthe portfolio. including both changes in the market value and income, as a proportion oflhe slarting value,
adjusted on a time-weighted basis (per lvlodilied Dielz l\4elhod) for cash flows into or out of the portfolio during the period.
The lvodified Dieiz Method assumes a constant rate of aeturn on lhe portfolio during the pedod and is not based on daily valuations.
2.02
100.260/0
100.09%
59.77Yo
Port.S.xlsx
18 4t27 t2020
5:05 PM
1.86%
1.82V"
1.820/o
Gity of Orange lnvestment Portfolio
February 29,2020
Coca Cola
Medium Term Note
$3.0 2.19%
Yield 2.000%
HSBC
Medium Term Note
$6.3 4.67%
Yield 2.143o/o
Local Agency lnvestment
Apple
Medium Term Note
$2.0 't.48%Yield 1.550%
Federal Farm Gredit Bank
s 25.0 18.4s%
Yield 1.872"1,
Federal National Mortgage
Federal Home Loan Bank
$30.0 22.13%
Yield 1.772%
Association
$16.0 1',t.81%
Yield '1.s52%
Federal Home Loan
Mortgage Corporation
$10.0 7.38%
Yield 1.726"/.
Total Portfolio $1 35,530,288
Chart Dollar Values in lVillions of Dollars
19
Toyota
Medium Term Note
$10.0 7.38%
Yield 2.000%
Money Market
Mutual Funds
$2.4 1.790/.
Yisld 1.444oh
Fund
$30.8 22.72%
Yield '1.9'l2o/o
.i
City of Orange lnvestment Portfolio
February 29,2020
Maturity Aging Schedule
Maturing in
0-1 years
1-2 yearc
2-3 years
3-4 years
4-5 years
43%
11Yo
11o/o
8o/o
27o/o
Weighted-average years to maturity for portfolio =
$ 135,530,288 1000/o
2.02
$100,000.000
s90,000,000
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
$-
0-1 years 1-2 years 2-3 years 3-4 years 4-5 years
[/latur.8 xlsx
20
Book Value
58,225,761
14,998,524
15,002,084
10,998,669
36,305,250
Treasurer's Operating Cash and lnvestments
Checking, Payroll & PMA - Wells Fargo
Treasure/s lnvestments
Accrued lnterest on lnvestments
Cash in transit
lmprest Cash
Fiscal Agent Cash and lnvestments
Gity of Orange
Reconciliation of Total Cash and
lnvestments to General Ledger
As of February 29,2O2O
Total Cash & lnvestments
Total Cash & lnvestments
272,833
135,530,288
103,615
(438,080)
Total Cash and lnvestments per General Ledger 1
Plus Outstanding Checks
135,468,656
12,200
4,175,677
_ll9,6t9t!!_
138,091 ,806
1,564,727
139,656,533
GL c.th 3 tor Rlponing JC.n.r1 lncludes adjLrstrnent for month-end timing diffe.ences
21
City of Orange
Fiscal Agent lnvestments
As of February 29,2020
Carrying
Value
Market or
Contract
Value
Fiscal Agent Cash and lnvestnents
Community Facilities District 91-2 2013 Special Tax Refunding Bonds - U.S. Bank
First American Government Obligation Fund ('l.46%)
Federal National Mortgage Association ('1.25o/o)
Successor Agency 2008A Merged & Amended Tax Allocation Bonds - U.S. Bank
First American Government Obligation Fund (1.46%)
Successor Agency 20088 Merged & Amended Tax Allocation Bonds - U.S. Bank
First American Government Obligation Fund (1.46%)
Community Facilities District 06-1 2015 Special Tax Refunding Bonds - U.S. Bank
First American Government Obligation Fund ('1.46%)
US Treasury Bond (4.375%)
Successor Agency 2014A Merged & Amended Tax Allocation Refunding Bonds - U.S. Bank
First American Government Obligation Fund (1.46%)
Successor Agency Refunding Bonds 2018A - U.S. Bank
First American Government Obligation Fund (1.46%)
Total Fiscal Agent Cash and lnveslments
1 ,576,749 ',t.576,749
2,486 2,486
120.342 120,342
1,663,848 1,663,848
357 .252
455,000 455,000
4,175,677 4,175,677
3.lnvestment Report for March 2020
MONTHLY SUMMARY COMPLIANCE CERTIFICATE
March 2020
Note: All concentration restrictions were obtained from Sections 53601 and 53635 ofthe Covernment Code or the City's
lnveslment Policy as ofJune I l, 2019, whichever was the more stringent.
l. U.S, Asencies
(A) Total amount (book value) of U.S. Agency securities owned by the City : s69,00{,260.
(B) Total amount allowed (75% ofportfolio book value) ofall City investments = $100.196,544.
(A) Total amount (book value) invested in money market mutual funds by the City - s1,596,589.
(B) Total amount allowed ($15 million or 20% ofportfolio book value. whichever is less) of
all City investments = S15,000,000.
ls (A) less than (B)?Yes X No
]. LAIF
(A) Total amount (book value) invested in LAIF by the City = $41,700,000.
(B) Total amount allowed (35% ofportfolio book value) ofall City investnrents = S.16.758,387.
Is (A) less than (B)?Yes X No
{. Medium-Term Notes
(A) Total amount (book value) invested in medium-term notes by the City - 521,29.1,543-
(B) Total amount allowed (20% of portfolio book value) ofall City investments = $26.719.078.
No
Yes X No-
Yes X
(A) Are any securities excluded by the Statement of Investment Policy currently included in the
City's portfolio?
Yes No X
6. Investme nt Manasemcnt Agreements
(A) Does the City have any investment manager or advisor agreements?
Yes (if no, skip to number 7)NoX
(B) lfso, was the agreement approved in advance by the City Council?
Yes No
(C) Has the City examined the methods and past performance of the investment manager?
Yes No
2l
Is (A) less than (B) at time ofpurchase?
2. Monev Market Mutual Funds
Is (A) less than (B) at time of purchase?
5. Excluded Investment Vehicles
(D) Pursuant to the agreement, does the City retain authority to make investment decisions?
Yes No
(E) Pursuant to the agreement, are the investments deposited with the City's custodian?
Yes No
7. Maturitv Limits
(A) Does the City currently own any security with a maturity date in excess offive years?
Yes No X
(B) Does the City currently hold at least l5%o and no more than 50% of its portfolio in securittes
at time ofpurchase with maturities equal to or less than 365 days?
Yes X No
(D) Does the City currently hold no more than 35oZ of its portfolio in securities attime of purchase
with maturities between 731 days and 1095 days?
Yes X No
(E) Does the City currently hold no more than 30% of its portfolio in securities at time ofpurchase
with maturities between 1096 days and 1460 days?
Yes X No
(F) Does the City currently hold no more than 30% of its portfolio in securities at time ofpurchase
with maturities between l46l days and 1825 days?
Yes X No
8. Issuer Limits
Does each issuer of Money Market Mutual Funds continue to meet the following requirements?
(i) Is each issuer registered with the Securities and Exchange Commission under the
Investment Company Act of 1940?
Yes
(ii) Does the fund of each issuer carry the highest rating of at least two of the three largest
national rating agencies?
Yes No N/A X
(iii) Has each issuer retained an investment adviser registered with the Securities and
Exchange Commission with not less than five years' experience managing money market
mutual funds with assets under management in excess of $500 million?
N/A X
N/A XYes
21
No
(C) Does the City currently hold no more than 50olo of its portfolio in securities at time ofpurchase
with maturities between 366 days and 730 days?
Yes-X_ No_
No
W€ hereby certify that for the month of March 2020, the investment actions ofthe City ofOrange comply
in all respects with the r€quirements of the California Government Code and the City's curr€nt
Investm€nt Policy and that there is suflicient cash flow to cover the next six months' expenditures barring
any catastrophic natural disasters. Market values are obtained through ICE Data Pricing and Reference
Data, the Stat€ Treasurer's Office, U.S. Trust and U.S. Bank.
Certified By:Verified Bv:
DATED: April 27, 2020
Prepared By:
/) .tL,rlzn,
Josephine Chan
Investment/Revenue Offi cer
Richard A. Rohm
City Treasurer
Audited Bv:
n YT"aL
Rosario Guzman
Accountant
William M. Kolbow
Assistant Cify Manager
Administrative Services Director
25
BANK / BROKER PURCHASE
DATE
DESCRIPTION
City of Orange lnvestment Portfolio
March 3'1, 2020
(sorted byTYPE)
MATURITY
DATE
PAR
VALUE
BOOK
VALUE
RATE YIELD
(I) LOCAL AGENCY INVESTMENT FUND (LAIF}
City
OSA
1.787
1.747
29.400.000.00
12.300.000.00
29,400,000.00
12,300,000.00
29,400,000.00
12,300,000.00
41,700,000.00 41,700,000.00 4,1,700,000.00
(lD FEDERAL HOi'E LOAi{ BANK
UBS Financial Services
L,BS Frnancial Services
Stifel Nicolaus & Co lnc.
1t22t2020
12116t2019
212'1t2020
FHLB
FHLB
FHLB
7 t2212022
6t16/2023
2t21t2025
'1.750
1.875
1.950
1.750
1.875
1.935
8,000,000.00
8,000,000.00
7,000,000.00
8,000,000.00
8,000,000.00
7,004,791.11
I ,O27 ,846 .44
8,022,636.16
7,0'17,801.49
23,000,000.00 23,004,79'1.11 23,068,284.13
( ) FEOERAL NATTONAL MORTGAGE ASSOCTATTON
Slifel Nicolaus & Co lnc. 412712016
Stifel Nicolaus & Co lnc. 512712016
UBS Financial SeNices 712712016
4t27 t2020
11t30t2020
7t27 t2021
1.450
1.500
1.550
't6,000,000.00 15,999,705.48 16,032,9s8.68
(lV) FEDERAT FARM CREDIT BANK
UBS Financial Services
UBS Financial Services
Stifel Nicolaus & Co lnc.
2t20t2020
91312019
3t26t2020
FFCB
FFCB
FFCB
5120t2024
9t3t2024
3t12t2024
1.800
2.000
1.210
7,000,000.00
13,000,000.00
3,000,000.00
7.000,000.00
13,000,000.00
2.997 ,757.89
7.006,732.67
13,068,274.31
2,994 ,164 .19
(V) FEOERAL HOME LOAN MORTGAGE CORPORATION
Slifel Nicolaus & Co lnc. 212512020 FHLMC
23,000,000.00
7,000,000.00
22,997 ,7 57 .89
7,002,005.85
23,069,17,t,17
7,005,785.295t18120221 600 1 587
7,000,000.00 7,002,00s.85 7,005,785.29
(vD MEDTUi| TER;' NOTE
UBS Financial SeNices
UBS Financial SeNices
UBS Financial Servic€s
UBS Financial Services
414t2021
1212912020
91612024
6t23t2024
2,000,000.00
10,000,000.00
3,000,000.00
6,000,000.00
2,000,000.00
10,000,000.00
2,968,519.74
6,326,023.03
2,012,340.00
9,949,211.10
3,135,074.73
6,033,375.18
10/5/2016 Apple
612912017 'loyola
912012019 Coca Cola
12110/2019 HSBC
1.550
2.000
1.750
3.500
'1.550
2.000
2.000
2.142
(Vll) MONEY ]I'IARKET MUTUAL FUNDS (TREASURY)
Wells Fargo Bank U.S. T-Note 0.209 0.209
21,000,000.00
1,596,588.65
2,t ,291,512,77
1,596,588.65
2,t,t30,00t,0t
1,596,588.65
Portfolio total
Portfolio total
3-31-2020
2-29-2020
1,s96,588.65 r,596,588.65 1,596,588.6s
't3s,227,0s7.6',t 135,s30,288.32 1 881 086.20
Port.9.xlsx
26
MARKET
VALUE
1.787
1.787
1.450 6,000,000.00 6,000,000.00 6,005,349.30
1.707 4,000,000.00 3,999,705.48 4,022,391.12
1.s50 6,000,000.00 6,000,000.00 6,005,218.26
1.800
2.000
1.229
133,296,588.65 133,595,391.75 133,602,788.93
lnvestment Transactions
March 2020
SETTLEMEiIT DATE RATE YIELO CALLABLE PAR PRICE
PURCHASES / DEPOSITS
Various dates Sweep Account o.2090/o 0.209%N/A $ '14,979,507.66 $14,979,507.66
Various dales L.A.I,F 1.7A7Vr 1 .7A70/o N/A $ 15,700,000.00 $1s,700,000.00
Federal Farm Credit Bank
Stifel Nicolaus & Co. 3/12124
lnvestment # 21296
'l .2100/" 1 .2290/"Yes $ 3,000,000.00 $2,999,162.00
Buy.Sell.9.xlsx 27
oEscRtPTtoi.l
3t2612020
I nvestment Transactions
March 2020
SETTLEi/IENT DATE DESCRIPTION RATE PAR
MATURITIES / WITHDRAWALS / CALLS
Various dates Sweep Accounl 0.209./. 0.209./.N/A $15,8'13,344.49 $15,813,344.49
L.A.I.F 1.7870/0 1.7870/0 N/A $4,800,000.00 $4,800,000.00
3t512020
Federal Home Loan Mortgage Corporation
Stifel Nicolaus & Co. 912512023
Called - lnvestment# 21247
2.0500/" 2.050%Yes $3,000,000.00 $3,000,000.00
3t1012020
Federal Farm Credit Bank
UBS Financial Services 211712021
Called - lnvestmenl# 21259
1.620% 1.620%Yes $5,000,000.00 $5,000,000.00
Federal Home Loan Bank
Stifel Nicolaus & Co. 712712021
Called - lnvestmenl# 21273
'1.500% 1.500%Yes $7,000,000.00 $7,000,000.00
Buy.Sell.9.nsx
28
YIELD CALLABLE PRICE
Various dates
3t30t2020
Po rtfo I i o Pe rto rm a n ce Measures
lndexes
Rate of Return:
Portfolio Effective Rate of Return - for March
Portfolio Effective Rate of Return . for Fiscal Year.to.date
Portfolio Yield to Matwily al3131l2O2O
Other:
Portfolio Weighted.Average Time to Maturity
Market value as percent of Portfolio, 3/3{/2020
Market Value aa percent of Portfolio, 2/29/2020
Federal Agency Securities as percent of Portfolio, 3/3'l/2020
1.820/0
1.820/0
1.78%
o.280/0
o.290/0
0.32"/"
3 month Treasury -- March Average
6 month Treasury -- March Average
1 year Treasury -- March Average
1.25o/o 1-3Yeatfreasury lndex-Total Rate of Return for March (not annualized)
2.671o 1-3Yeatfreasury lndex-Total Rate of Return for 2020 Y-T-D (not annualized)
-0.30%
0.09%
Years
Portfollo Yield to Maturity: weighted-average yield to maturity (or call date, if applicable) for entire portfolio;
in lhe case of coupon investments, includes an adjuslment to the face rate for any premium paid or discount received.
Sou.ce ot luarkst Valus: ICE Data Pricing and Refercnce Data provides market value on all instruments.
Total Rate of Retum: growth or decline an the value ofthe portfolio, including both changes in the markel value and income, as a proportion oflhe starting value,
adjusted on a iame-weighted basis (per Modifed Oietz Method) for cash fows into or out ofthe portfolio during the period.
The Modilied Dietz lvlethod assumes a constant rale of relum on the portfoiio during the period and is not based on daily valualions.
1.89
't00.0't %
100.26%
51.65%
Port.9.xlsx
29 4t27 t2020
5:09 PIV
City of Orange lnvestment Portfolio
March 3'1, 2020
Portfolio
Total Rate of Retum:
Total Rate of Return - for March (not annualized)
Total Rate of Return . for 2020 Y.T.D . (not annualized)
City of Orange lnvestment Portfolio
March 31,2020
Toyota
Medium Term Note
$10.0 7.49%
Yield 2.000%
Coca Cola HSBC
Medium Term 11o1" Medium Term Note
S3.O 2.22% $6.3 4.74%
yietd 2.OOO% Yield 2|l43\o
Money Market
Mutual Funds
$1.6 1.20%
Yield 0.209%
Local Agency lnvestment
Apple
Medium Term Note
$2.0 1.50o/o
Yield 1.550o/o
Fund
$41.7 31.200/"
Yield 1.787%
Federal Farm Credit Bank
$ 23.0 17.21%
Yield 1.839%
Federal National Mortgage
ederal Home Loan Bank
$23.0 17.22%
Yield 1.850%Association
$16.0 11.98%
Yield 1.552%Federal Home Loan
Mortgage Corporation
$7.0 5.24%
Yield 2.050%
Chart Dollar Values in Millions of Dollars
30
Total Portfolio $1 33,595,392
City of Orange lnvestment Portfolio
March 31 ,2020
Maturity Aging Schedule
Maturing in
0-1 years
1-2 years
2-3 years
3-4 years
4-5 years
Book Value
63,296,294
8,000,000
15,002,006
10,997,758
36,299,334
48o/o
6%
11%
8o/o
27%
$133,595,392 100%
Weighted-average years to maturity for portfolio =1.89
$100,000,000
$90,000.000
$80,000,000
$70,000,000
$60,000.000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000.000
$-
0-1 years 1-2 years 2-3 years 3-4 years 4-5 years
Matur.9.xlsx
31
Treasurer's Operating Cash and lnvestments
Checking, Payroll& PMA -Wells Fargo
Taeasurer's lnvestments
Accrued lnlerest on lnvestrnents
Realized Gains and Losses
Cash in transit
lmprest Cash
Fiscal Agent Cash and lnvestments
City of Orange
Reconciliation of Total Cash and
lnvestments to General Ledger
As of March 31, 2020
Total Cash & lnvestments
Total Cash & lnvestments
185 466 134,'126,907
12,200
4,177,338
138,316,445
137,935,929
380 516
___l_?!n_1911!_
244,680
133,595,392
105.027
(3,658)
Total Cash and lnvestments per General Ledger 1
Plus Outslanding Checks
1 lndud63 adjuslm.nl lor month€nd timang dit€r.ncas.
32
GI crn3 ld R.ro.!.! JC*r
City of Orange
Fiscal Agent lnvestments
As of March 31,2O2O
Carrying
Value
Market or
Contract
Value
Fiscal Agent Cash and lnvestments
Community Facilities District 9'l-2 2013 Special Tax Refunding Bonds - U.S. Bank
First American Government Obligation Fund (0.83%)
Federal National Mortgage Association (1.25%)
Successor Agency 20084 Merged & Amended Tax Allocation Bonds - U.S. Bank
Firsl American Government Obligation Fund (0.83%)
Successor Agency 20088 Merged & Amended Tax Allocation Bonds - U.S. Bank
First American Governmeni Obligation Fund (0.83%)
Community Facilities District 06-1 2015 Special Tax Refunding Bonds - U.S. Bank
First American Government Obligation Fund (0.83%)
US Treasury Bond (4.375%)
Successor Agency 2014A Merged & Amended Tax Allocation Refunding Bonds - U.S. Bank
First American Government Obligation Fund (0.83%)
Successor Agency Refunding Bonds 2018A - U.S. Bank
First American Government Obligation Fund (0.83%)
Total FiscalAgent Cash and lnvestments
2,060,s9 2,060.549
2,489 2.489
21 21
2.',t14.183 2114J83
60
4,177 ,338 4,177,338
60
3636
33